FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226943-11 | ||
Benchmark 2021-B30
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226943) 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 Securities and Exchange Commission 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 Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. 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. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us. This free writing prospectus does not contain all information that is required to be included in the prospectus.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
This material is for your information, and none of Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Academy Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the Benchmark 2021-B30 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2021-B30 (the "Offering Document"). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
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 Underwriters or any of their respective affiliates makes 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.
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the 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) no representation being made 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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Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
1 | |||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 10.0% | 100.0% | JPMCB | JPMCB | NAP | NAP | One Memorial Drive |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 9.9% | 100.0% | DBRI, JPMCB, BANA, 3650 Cal Bridge Lending, LLC | GACC, JPMCB | Yes - Group 1 | NAP | 350 and 450 Water Street |
3 | Loan | 1 | Townhouse on the Park | 8.2% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1115 46th Avenue | |
4 | Loan | 2, 26 | 1 | The Veranda | 7.4% | 100.0% | JPMCB | JPMCB | Yes - Group 1 | NAP | 2001 Diamond Boulevard |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 6.8% | BCREI, CREFI | CREFI | NAP | NAP | Various | |
5.01 | Property | 1 | 1100 First Street NE | 4.1% | 59.9% | 1100 First Street Northeast | |||||
5.02 | Property | 1 | 820 First Street NE | 2.7% | 40.1% | 820 First Street Northeast | |||||
6 | Loan | 2 | 1 | 520 Almanor | 5.4% | 100.0% | DBRI | GACC | NAP | NAP | 520-522 Almanor Avenue |
7 | Loan | 1 | Valley Plaza | 4.1% | 100.0% | GSBI | GSMC | NAP | NAP | 12121 Victory Boulevard | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 3.6% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1341 Viele Avenue |
9 | Loan | 1 | Brush Factory Lofts | 3.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1201 Jackson Street | |
10 | Loan | 1 | Norcross Industrial Portfolio | 3.3% | 100.0% | GSBI | GSMC | NAP | NAP | 5300, 5555 & 5600 Oakbrook Parkway | |
11 | Loan | 28 | 1 | Wilmot Plaza | 3.2% | 100.0% | JPMCB | JPMCB | Yes - Group 2 | NAP | 6301-6351 East Broadway Boulevard |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 2.9% | 100.0% | GSBI | GSMC | NAP | NAP | 114 & 130 East Black Horse Pike |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 2.8% | 100.0% | DBRI | GACC | NAP | NAP | 934, 1118, 1120 and 1185 Southeast 36th Street |
14 | Loan | 3 | WoodSpring Suites Portfolio | 2.2% | GSBI | GSMC | NAP | NAP | Various | ||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 0.9% | 43.7% | 8311 East Brundage Lane | |||||
14.02 | Property | 1 | WoodSpring Suites Arnold | 0.6% | 29.0% | 888 Arnold Commons Drive | |||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | 0.6% | 27.3% | 2100 South Old Highway 94 | |||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 2.1% | 100.0% | CREFI | CREFI | NAP | NAP | 1801-1845 La Cienega Boulevard |
16 | Loan | 2 | 1 | La Encantada | 2.1% | 100.0% | GSBI | GSMC | Yes - Group 2 | NAP | 2905 East Skyline Drive |
17 | Loan | 1 | The Wolf Building | 2.1% | 100.0% | DBRI | GACC | NAP | NAP | 340 North 12th Street | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 2.1% | 100.0% | JPMCB | JPMCB | NAP | NAP | 460 East Main Street |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 1.8% | 100.0% | CREFI | CREFI | NAP | NAP | 4310-4456 Amboy Road |
20 | Loan | 1 | Mansfield Commons | 1.7% | 100.0% | CREFI | CREFI | NAP | NAP | 1885 Route 57 | |
21 | Loan | 1 | Peachtree Corners I & II | 1.6% | 100.0% | DBRI | GACC | NAP | NAP | 4775 and 4855 Peachtree Industrial Boulevard | |
22 | Loan | 1 | 144 Bleecker Street | 1.4% | 100.0% | GSBI | GSMC | NAP | NAP | 144 Bleecker Street | |
23 | Loan | 29 | 1 | 31 Bond Street | 1.3% | 100.0% | CREFI | CREFI | NAP | NAP | 31 Bond Street |
24 | Loan | 1 | Corinth Distribution Center | 1.1% | 100.0% | CREFI | CREFI | NAP | NAP | 3015 Tecumseh Road | |
25 | Loan | 1 | Village at Double Diamond | 1.1% | 100.0% | DBRI | GACC | NAP | NAP | 720-770 South Meadows Parkway | |
26 | Loan | 28 | 1 | 450 Post Road East | 1.0% | 100.0% | CREFI | CREFI | NAP | NAP | 450 Post Road East |
27 | Loan | 6 | Hirschfield NNN Portfolio | 1.0% | JPMCB | JPMCB | NAP | NAP | Various | ||
27.01 | Property | 1 | 729 East Spaulding Avenue | 0.3% | 26.5% | 729 East Spaulding Avenue | |||||
27.02 | Property | 1 | 5402 West Market Street | 0.2% | 21.0% | 5402 West Market Street | |||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | 0.2% | 17.4% | 17061 North Avenue of the Arts | |||||
27.04 | Property | 1 | 6320 Wedgewood Road North | 0.2% | 16.0% | 6320 Wedgewood Road North | |||||
27.05 | Property | 1 | 1112 Centre West Drive | 0.1% | 14.3% | 1112 Centre West Drive | |||||
27.06 | Property | 1 | 7415 Brandt Pike | 0.0% | 4.7% | 7415 Brandt Pike | |||||
28 | Loan | 1 | 536 West 29th Street | 0.9% | 100.0% | JPMCB | JPMCB | NAP | NAP | 536 West 29th Street | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 0.8% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1035 West Addison Street |
30 | Loan | 3 | Omega Mixed Use Portfolio | 0.8% | CREFI | CREFI | NAP | NAP | Various | ||
30.01 | Property | 1 | Windows, LLC | 0.3% | 42.1% | 200 Edison Drive | |||||
30.02 | Property | 1 | Aultman Medical | 0.2% | 29.5% | 6500 Whipple Avenue Northwest | |||||
30.03 | Property | 1 | FedEx Express | 0.2% | 28.4% | 2850 International Street | |||||
31 | Loan | 1 | Newberry Crossing | 0.7% | 100.0% | DBRI | GACC | NAP | NAP | 1005 Northwest 76th Boulevard | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 0.6% | CREFI | CREFI | NAP | NAP | Various | ||
32.01 | Property | 1 | Forrestal Industrial Park | 0.4% | 55.9% | 4045-4061 Forrestal Avenue | |||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | 0.3% | 44.1% | 3312-3314 South Cicero Avenue | |||||
33 | Loan | 1 | 1523 Voorhies Avenue | 0.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1523 Voorhies Avenue | |
34 | Loan | 1 | Hampton Inn Gretna | 0.5% | 100.0% | DBRI | GACC | NAP | NAP | 200 McBride Lane | |
35 | Loan | 1 | Walgreens Fort Smith | 0.4% | 100.0% | CREFI | CREFI | NAP | NAP | 8300 Rogers Avenue | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 0.4% | CREFI | CREFI | NAP | NAP | Various | ||
36.01 | Property | 1 | Walgreens - West Palm, FL | 0.2% | 55.3% | 2200 Palm Beach Lakes Boulevard | |||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | 0.2% | 44.7% | 540 North Schmale Road | |||||
37 | Loan | 1 | Madison Park | 0.4% | 100.0% | DBRI | GACC | NAP | NAP | 26765 & 26793 Madison Avenue | |
38 | Loan | 1 | Walgreens Ocala | 0.3% | 100.0% | CREFI | CREFI | NAP | NAP | 807 East Silver Springs Boulevard |
A-1-1
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure |
5 | 4 | |||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | Cambridge | Middlesex | Massachusetts | 02142 | Office | CBD | 1985 | 2018 | 409,422 | SF |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | Cambridge | Middlesex | Massachusetts | 02141 | Mixed Use | Office/Lab | 2021 | NAP | 915,233 | SF |
3 | Loan | 1 | Townhouse on the Park | Long Island City | Queens | New York | 11101 | Multifamily | Garden | 2020 | NAP | 75 | Units | |
4 | Loan | 2, 26 | 1 | The Veranda | Concord | Contra Costa | California | 94520 | Retail | Anchored | 2017-2018 | NAP | 365,559 | SF |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | Washington | District of Columbia | District of Columbia | 20002 | Office | CBD | Various | Various | 655,071 | SF |
5.01 | Property | 1 | 1100 First Street NE | Washington | District of Columbia | District of Columbia | 20002 | Office | CBD | 2009 | NAP | 348,967 | SF | |
5.02 | Property | 1 | 820 First Street NE | Washington | District of Columbia | District of Columbia | 20002 | Office | CBD | 1990 | 2005 | 306,104 | SF | |
6 | Loan | 2 | 1 | 520 Almanor | Sunnyvale | Santa Clara | California | 94085 | Office | Suburban | 2021 | NAP | 231,220 | SF |
7 | Loan | 1 | Valley Plaza | North Hollywood | Los Angeles | California | 91606 | Retail | Anchored | 1951 | 2004, 2021 | 155,305 | SF | |
8 | Loan | 14 | 1 | Amazon Hunts Point | Bronx | Bronx | New York | 10474 | Other | Leased Fee | NAP | NAP | 120,000 | SF |
9 | Loan | 1 | Brush Factory Lofts | Philadelphia | Philadelphia | Pennsylvania | 19148 | Multifamily | Mid-Rise | 1920 | 2019-2020 | 151 | Units | |
10 | Loan | 1 | Norcross Industrial Portfolio | Norcross | Gwinnett | Georgia | 30093 | Industrial | Flex | 1981-1985 | NAP | 706,226 | SF | |
11 | Loan | 28 | 1 | Wilmot Plaza | Tucson | Pima | Arizona | 85710 | Retail | Anchored | 1958-2016 | NAP | 139,482 | SF |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | Audubon | Camden | New Jersey | 08106 | Retail | Anchored | 1961, 1979 | 2004-2005, 2008 | 468,417 | SF |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | Grand Rapids | Kent | Michigan | 49508 | Industrial | Flex | 1957, 1960, 1965, 1980 | 1978, 2015-2019 | 1,941,895 | SF |
14 | Loan | 3 | WoodSpring Suites Portfolio | Various | Various | Various | Various | Hospitality | Extended Stay | Various | Various | 367 | Rooms | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | Bakersfield | Kern | California | 93307 | Hospitality | Extended Stay | 2016 | NAP | 122 | Rooms | |
14.02 | Property | 1 | WoodSpring Suites Arnold | Arnold | Jefferson | Missouri | 63010 | Hospitality | Extended Stay | 2009 | 2020-2021 | 124 | Rooms | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | Saint Charles | Saint Charles | Missouri | 63303 | Hospitality | Extended Stay | 2009 | 2020-2021 | 121 | Rooms | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | Los Angeles | Los Angeles | California | 90035 | Retail | Anchored | 1970 | 2003 | 305,890 | SF |
16 | Loan | 2 | 1 | La Encantada | Tucson | Pima | Arizona | 85718 | Retail | Anchored | 2003 | 2020 | 245,955 | SF |
17 | Loan | 1 | The Wolf Building | Philadelphia | Philadelphia | Pennsylvania | 19107 | Multifamily | Mid-Rise | 1900 | 2019 | 58 | Units | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | Middletown | New Castle | Delaware | 19709 | Retail | Anchored | 2003 | NAP | 172,937 | SF |
19 | Loan | 26 | 1 | Eltingville Shopping Center | Staten Island | Richmond | New York | 10312 | Mixed Use | Retail/Office | 1971 | 2015 | 96,726 | SF |
20 | Loan | 1 | Mansfield Commons | Mansfield | Warren | New Jersey | 07840 | Retail | Anchored | 2000 | NAP | 272,046 | SF | |
21 | Loan | 1 | Peachtree Corners I & II | Berkeley Lake | Gwinnett | Georgia | 30092 | Industrial | Flex | 2000, 2001 | 2019 | 163,231 | SF | |
22 | Loan | 1 | 144 Bleecker Street | Brooklyn | Kings | New York | 11221 | Multifamily | Mid-Rise | 2020 | NAP | 26 | Units | |
23 | Loan | 29 | 1 | 31 Bond Street | New York | New York | New York | 10012 | Office | CBD | 1893 | 2017 | 17,791 | SF |
24 | Loan | 1 | Corinth Distribution Center | Corinth | Alcorn | Mississippi | 38834 | Industrial | Warehouse/Distribution | 2008 | NAP | 294,000 | SF | |
25 | Loan | 1 | Village at Double Diamond | Reno | Washoe | Nevada | 89521 | Retail | Shadow Anchored | 2004-2005 | NAP | 57,983 | SF | |
26 | Loan | 28 | 1 | 450 Post Road East | Westport | Fairfield | Connecticut | 06880 | Office | Suburban | 1982 | 2011 | 35,777 | SF |
27 | Loan | 6 | Hirschfield NNN Portfolio | Various | Various | Various | Various | Office | Medical | Various | Various | 40,911 | SF | |
27.01 | Property | 1 | 729 East Spaulding Avenue | Pueblo West | Pueblo | Colorado | 81007 | Office | Medical | 2007 | NAP | 9,500 | SF | |
27.02 | Property | 1 | 5402 West Market Street | Greensboro | Guilford | North Carolina | 27409 | Office | Medical | 1990 | NAP | 6,436 | SF | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | Surprise | Maricopa | Arizona | 85378 | Office | Medical | 2008 | NAP | 6,150 | SF | |
27.04 | Property | 1 | 6320 Wedgewood Road North | Maple Grove | Hennepin | Minnesota | 55311 | Office | Medical | 2006 | NAP | 6,085 | SF | |
27.05 | Property | 1 | 1112 Centre West Drive | Springfield | Sangamon | Illinois | 62704 | Office | Medical | 1990 | 2007 | 6,567 | SF | |
27.06 | Property | 1 | 7415 Brandt Pike | Huber Heights | Montgomery | Ohio | 45424 | Office | Medical | 2002 | NAP | 6,173 | SF | |
28 | Loan | 1 | 536 West 29th Street | New York | New York | New York | 10001 | Office | CBD | 1904 | 2021 | 6,400 | SF | |
29 | Loan | 30 | 1 | CVS Wrigleyville | Chicago | Cook | Illinois | 60613 | Retail | Single Tenant | 2020 | NAP | 10,200 | SF |
30 | Loan | 3 | Omega Mixed Use Portfolio | Various | Various | Ohio | Various | Various | Various | Various | NAP | 89,702 | SF | |
30.01 | Property | 1 | Windows, LLC | Monroe | Butler | Ohio | 45044 | Industrial | Warehouse | 2021 | NAP | 29,800 | SF | |
30.02 | Property | 1 | Aultman Medical | North Canton | Stark | Ohio | 44720 | Office | Medical | 1991 | NAP | 14,934 | SF | |
30.03 | Property | 1 | FedEx Express | Columbus | Franklin | Ohio | 43228 | Industrial | Warehouse | 1996 | NAP | 44,968 | SF | |
31 | Loan | 1 | Newberry Crossing | Gainesville | Alachua | Florida | 32606 | Retail | Anchored | 1988 | NAP | 114,693 | SF | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | Various | Various | Various | Various | Various | Various | Various | NAP | 60,938 | SF | |
32.01 | Property | 1 | Forrestal Industrial Park | Orlando | Orange | Florida | 32806 | Industrial | Warehouse/Distribution | 1986 | NAP | 52,500 | SF | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | Cicero | Cook | Illinois | 60804 | Retail | Shadow Anchored | 2021 | NAP | 8,438 | SF | |
33 | Loan | 1 | 1523 Voorhies Avenue | Brooklyn | Kings | New York | 11235 | Office | Medical | 2000 | NAP | 17,028 | SF | |
34 | Loan | 1 | Hampton Inn Gretna | Gretna | Pittsylvania | Virginia | 24557 | Hospitality | Limited Service | 2008 | 2020 | 81 | Rooms | |
35 | Loan | 1 | Walgreens Fort Smith | Fort Smith | Sebastian | Arkansas | 72903 | Retail | Single Tenant | 2003 | NAP | 13,717 | SF | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | Various | Various | Various | Various | Retail | Single Tenant | Various | NAP | 29,025 | SF | |
36.01 | Property | 1 | Walgreens - West Palm, FL | West Palm Beach | Palm Beach | Florida | 33409 | Retail | Single Tenant | 1999 | NAP | 15,120 | SF | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | Carol Stream | DuPage | Illinois | 60188 | Retail | Single Tenant | 1998 | NAP | 13,905 | SF | |
37 | Loan | 1 | Madison Park | Murrieta | Riverside | California | 92562 | Industrial | Warehouse/Distribution | 1999 | NAP | 39,960 | SF | |
38 | Loan | 1 | Walgreens Ocala | Ocala | Marion | Florida | 34470 | Retail | Single Tenant | 1995 | NAP | 15,503 | SF |
A-1-2
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) |
4 | 3 | 3 | 6 | 7 | 8 | 8 | 8 | |||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 731.03 | 95,000,000 | 95,000,000 | 95,000,000 | 2.69250% | 0.02199% | 2.67051% | NAP | 216,116.75 | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 889.39 | 94,000,000 | 94,000,000 | 94,000,000 | 2.79200% | 0.01799% | 2.77401% | NAP | 221,744.26 | NAP |
3 | Loan | 1 | Townhouse on the Park | 1,038,666.67 | 77,900,000 | 77,900,000 | 77,900,000 | 3.23800% | 0.01324% | 3.22476% | NAP | 213,119.61 | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 273.55 | 70,000,000 | 70,000,000 | 70,000,000 | 2.99000% | 0.02324% | 2.96676% | NAP | 176,839.12 | NAP |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 322.10 | 65,000,000 | 65,000,000 | 65,000,000 | 3.00250% | 0.01324% | 2.98926% | NAP | 164,894.24 | NAP |
5.01 | Property | 1 | 1100 First Street NE | 38,959,953 | 38,959,953 | 38,959,953 | ||||||||
5.02 | Property | 1 | 820 First Street NE | 26,040,047 | 26,040,047 | 26,040,047 | ||||||||
6 | Loan | 2 | 1 | 520 Almanor | 439.41 | 51,600,000 | 51,600,000 | 51,600,000 | 2.55500% | 0.01324% | 2.54176% | NAP | 111,390.90 | NAP |
7 | Loan | 1 | Valley Plaza | 250.47 | 38,900,000 | 38,900,000 | 38,900,000 | 3.70600% | 0.01324% | 3.69276% | NAP | 121,804.72 | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 289.17 | 34,700,000 | 34,700,000 | 34,700,000 | 4.38200% | 0.01324% | 4.36876% | NAP | 128,472.73 | NAP |
9 | Loan | 1 | Brush Factory Lofts | 218,543.05 | 33,000,000 | 33,000,000 | 28,499,570 | 3.94000% | 0.01324% | 3.92676% | 156,407.69 | 109,854.86 | 1,876,892.28 | |
10 | Loan | 1 | Norcross Industrial Portfolio | 44.60 | 31,500,000 | 31,500,000 | 31,500,000 | 3.54900% | 0.01324% | 3.53576% | NAP | 94,455.16 | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | 215.08 | 30,000,000 | 30,000,000 | 24,492,061 | 3.90700% | 0.06324% | 3.84376% | 141,620.80 | 99,031.60 | 1,699,449.60 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 99.90 | 28,000,000 | 27,878,213 | 22,013,900 | 3.72000% | 0.01324% | 3.70676% | 129,196.18 | NAP | 1,550,354.16 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 13.69 | 26,625,000 | 26,584,712 | 20,665,506 | 3.38000% | 0.01324% | 3.36676% | 117,781.82 | NAP | 1,413,381.84 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 55,858.31 | 20,500,000 | 20,500,000 | 16,907,043 | 4.22500% | 0.01324% | 4.21176% | 100,547.87 | 73,179.54 | 1,206,574.44 | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 8,966,719 | 8,966,719 | 7,395,156 | ||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | 5,945,325 | 5,945,325 | 4,903,311 | ||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | 5,587,956 | 5,587,956 | 4,608,576 | ||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 294.22 | 20,000,000 | 20,000,000 | 20,000,000 | 3.49000% | 0.01324% | 3.47676% | NAP | 58,974.54 | NAP |
16 | Loan | 2 | 1 | La Encantada | 414.71 | 20,000,000 | 20,000,000 | 20,000,000 | 3.36100% | 0.01324% | 3.34776% | NAP | 56,794.68 | NAP |
17 | Loan | 1 | The Wolf Building | 344,396.55 | 19,975,000 | 19,975,000 | 19,975,000 | 3.45000% | 0.01324% | 3.43676% | NAP | 58,225.74 | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 114.20 | 19,750,000 | 19,750,000 | 17,716,109 | 3.34200% | 0.01324% | 3.32876% | 86,953.63 | 55,767.69 | 1,043,443.56 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 180.92 | 17,500,000 | 17,500,000 | 17,500,000 | 3.18000% | 0.01324% | 3.16676% | NAP | 47,019.10 | NAP |
20 | Loan | 1 | Mansfield Commons | 58.81 | 16,000,000 | 16,000,000 | 12,671,418 | 3.92000% | 0.01324% | 3.90676% | 75,650.36 | NAP | 907,804.32 | |
21 | Loan | 1 | Peachtree Corners I & II | 92.20 | 15,050,000 | 15,050,000 | 12,834,663 | 3.44000% | 0.01324% | 3.42676% | 67,078.17 | 43,742.55 | 804,938.04 | |
22 | Loan | 1 | 144 Bleecker Street | 496,153.85 | 12,900,000 | 12,900,000 | 12,900,000 | 4.10000% | 0.01324% | 4.08676% | NAP | 44,687.15 | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | 702.60 | 12,500,000 | 12,500,000 | 12,500,000 | 3.47000% | 0.01324% | 3.45676% | NAP | 36,647.86 | NAP |
24 | Loan | 1 | Corinth Distribution Center | 36.73 | 10,800,000 | 10,800,000 | 10,800,000 | 3.44000% | 0.01324% | 3.42676% | NAP | 31,390.00 | NAP | |
25 | Loan | 1 | Village at Double Diamond | 185.40 | 10,750,000 | 10,750,000 | 10,750,000 | 3.35500% | 0.01324% | 3.34176% | NAP | 30,472.64 | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | 267.07 | 9,555,000 | 9,555,000 | 9,555,000 | 3.95000% | 0.01324% | 3.93676% | NAP | 31,888.71 | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | 232.63 | 9,517,000 | 9,517,000 | 7,539,587 | 3.92900% | 0.01324% | 3.91576% | 45,046.92 | NAP | 540,563.04 | |
27.01 | Property | 1 | 729 East Spaulding Avenue | 2,519,868 | 2,519,868 | 1,996,297 | ||||||||
27.02 | Property | 1 | 5402 West Market Street | 2,002,395 | 2,002,395 | 1,586,343 | ||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | 1,657,413 | 1,657,413 | 1,313,041 | ||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | 1,522,420 | 1,522,420 | 1,206,096 | ||||||||
27.05 | Property | 1 | 1112 Centre West Drive | 1,364,928 | 1,364,928 | 1,081,328 | ||||||||
27.06 | Property | 1 | 7415 Brandt Pike | 449,976 | 449,976 | 356,482 | ||||||||
28 | Loan | 1 | 536 West 29th Street | 1,351.56 | 8,650,000 | 8,650,000 | 8,650,000 | 4.29800% | 0.01324% | 4.28476% | NAP | 31,411.71 | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 784.31 | 8,000,000 | 8,000,000 | 8,000,000 | 3.16600% | 0.05324% | 3.11276% | NAP | 21,399.81 | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | 84.72 | 7,600,000 | 7,600,000 | 7,600,000 | 3.58000% | 0.04324% | 3.53676% | NAP | 22,988.24 | NAP | |
30.01 | Property | 1 | Windows, LLC | 3,200,000 | 3,200,000 | 3,200,000 | ||||||||
30.02 | Property | 1 | Aultman Medical | 2,240,000 | 2,240,000 | 2,240,000 | ||||||||
30.03 | Property | 1 | FedEx Express | 2,160,000 | 2,160,000 | 2,160,000 | ||||||||
31 | Loan | 1 | Newberry Crossing | 59.51 | 6,825,000 | 6,825,000 | 5,868,863 | 3.76600% | 0.01324% | 3.75276% | 31,669.64 | 21,716.61 | 380,035.68 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 100.48 | 6,123,000 | 6,123,000 | 5,537,714 | 3.80000% | 0.01324% | 3.78676% | 28,530.57 | 19,658.80 | 342,366.84 | |
32.01 | Property | 1 | Forrestal Industrial Park | 3,421,500 | 3,421,500 | 3,094,445 | ||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | 2,701,500 | 2,701,500 | 2,443,269 | ||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | 293.63 | 5,000,000 | 5,000,000 | 5,000,000 | 3.78000% | 0.01324% | 3.76676% | NAP | 15,968.75 | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | 56,691.16 | 4,600,000 | 4,591,984 | 3,350,107 | 4.30000% | 0.01324% | 4.28676% | 25,048.91 | NAP | 300,586.92 | |
35 | Loan | 1 | Walgreens Fort Smith | 309.83 | 4,250,000 | 4,250,000 | 4,250,000 | 3.94000% | 0.01324% | 3.92676% | NAP | 14,147.97 | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 146.43 | 4,250,000 | 4,250,000 | 4,250,000 | 3.56000% | 0.01324% | 3.54676% | NAP | 12,783.45 | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | 2,350,000 | 2,350,000 | 2,350,000 | ||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | 1,900,000 | 1,900,000 | 1,900,000 | ||||||||
37 | Loan | 1 | Madison Park | 87.59 | 3,500,000 | 3,500,000 | 3,500,000 | 3.42400% | 0.01324% | 3.41076% | NAP | 10,125.37 | NAP | |
38 | Loan | 1 | Walgreens Ocala | 170.93 | 2,650,000 | 2,650,000 | 2,650,000 | 3.68000% | 0.01324% | 3.66676% | NAP | 8,239.54 | NAP |
A-1-3
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) |
8 | ||||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 2,593,401.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 2,660,931.12 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
3 | Loan | 1 | Townhouse on the Park | 2,557,435.32 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
4 | Loan | 2, 26 | 1 | The Veranda | 2,122,069.44 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 1,978,730.88 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
5.01 | Property | 1 | 1100 First Street NE | |||||||||||
5.02 | Property | 1 | 820 First Street NE | |||||||||||
6 | Loan | 2 | 1 | 520 Almanor | 1,336,690.80 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
7 | Loan | 1 | Valley Plaza | 1,461,656.64 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 1,541,672.76 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
9 | Loan | 1 | Brush Factory Lofts | 1,318,258.32 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 36 | 120 | 120 | 360 | 360 | |
10 | Loan | 1 | Norcross Industrial Portfolio | 1,133,461.92 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
11 | Loan | 28 | 1 | Wilmot Plaza | 1,188,379.20 | Interest Only, Amortizing Balloon | No | Actual/360 | 12 | 11 | 120 | 119 | 360 | 360 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 117 | 360 | 357 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 878,154.48 | Interest Only, Amortizing Balloon | No | Actual/360 | 12 | 11 | 120 | 119 | 360 | 360 | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | |||||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | |||||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | |||||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 707,694.48 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
16 | Loan | 2 | 1 | La Encantada | 681,536.16 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
17 | Loan | 1 | The Wolf Building | 698,708.88 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 669,212.28 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 59 | 120 | 119 | 360 | 360 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 564,229.20 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
20 | Loan | 1 | Mansfield Commons | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | |
21 | Loan | 1 | Peachtree Corners I & II | 524,910.60 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 34 | 120 | 118 | 360 | 360 | |
22 | Loan | 1 | 144 Bleecker Street | 536,245.80 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | |
23 | Loan | 29 | 1 | 31 Bond Street | 439,774.32 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
24 | Loan | 1 | Corinth Distribution Center | 376,680.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | |
25 | Loan | 1 | Village at Double Diamond | 365,671.68 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
26 | Loan | 28 | 1 | 450 Post Road East | 382,664.52 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
27 | Loan | 6 | Hirschfield NNN Portfolio | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | |
27.01 | Property | 1 | 729 East Spaulding Avenue | |||||||||||
27.02 | Property | 1 | 5402 West Market Street | |||||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | |||||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | |||||||||||
27.05 | Property | 1 | 1112 Centre West Drive | |||||||||||
27.06 | Property | 1 | 7415 Brandt Pike | |||||||||||
28 | Loan | 1 | 536 West 29th Street | 376,940.52 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 256,797.72 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
30 | Loan | 3 | Omega Mixed Use Portfolio | 275,858.88 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
30.01 | Property | 1 | Windows, LLC | |||||||||||
30.02 | Property | 1 | Aultman Medical | |||||||||||
30.03 | Property | 1 | FedEx Express | |||||||||||
31 | Loan | 1 | Newberry Crossing | 260,599.32 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 36 | 120 | 120 | 360 | 360 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 235,905.60 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 59 | 120 | 119 | 360 | 360 | |
32.01 | Property | 1 | Forrestal Industrial Park | |||||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | |||||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | 191,625.00 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 300 | 299 | |
35 | Loan | 1 | Walgreens Fort Smith | 169,775.64 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 153,401.40 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | |
36.01 | Property | 1 | Walgreens - West Palm, FL | |||||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | |||||||||||
37 | Loan | 1 | Madison Park | 121,504.44 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
38 | Loan | 1 | Walgreens Ocala | 98,874.48 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
A-1-4
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision |
12 | 12 | 15, 16, 17 | ||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 9/15/2021 | 1 | 5 | 11/5/2021 | NAP | 10/5/2031 | NAP | 0 | 0 | L(25),DorYM1(89),O(6) |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 10/14/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | 11/6/2036 | 0 | 0 | L(24),DorYM1(89),O(7) |
3 | Loan | 1 | Townhouse on the Park | 10/5/2021 | 0 | 1 | 12/1/2021 | NAP | 11/1/2031 | NAP | 0 | 5 | L(24),D(90),O(6) | |
4 | Loan | 2, 26 | 1 | The Veranda | 10/1/2021 | 1 | 5 | 11/5/2021 | NAP | 10/5/2031 | NAP | 0 | 0 | L(24),YM1(1),DorYM1(91),O(4) |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 9/30/2021 | 1 | 1 | 11/1/2021 | NAP | 10/1/2031 | NAP | 0 | 0 | L(35),DorYM1(81),O(4) |
5.01 | Property | 1 | 1100 First Street NE | |||||||||||
5.02 | Property | 1 | 820 First Street NE | |||||||||||
6 | Loan | 2 | 1 | 520 Almanor | 10/20/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | 6/6/2034 | 0 | 0 | L(24),D(89),O(7) |
7 | Loan | 1 | Valley Plaza | 9/24/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(90),O(5) | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 10/14/2021 | 0 | 1 | 12/1/2021 | NAP | 11/1/2031 | NAP | 0 | 0 | L(24),YM1(90),O(6) |
9 | Loan | 1 | Brush Factory Lofts | 10/7/2021 | 0 | 6 | 12/6/2021 | 12/6/2024 | 11/6/2031 | NAP | 0 | 0 | L(24),D(93),O(3) | |
10 | Loan | 1 | Norcross Industrial Portfolio | 10/18/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),YM1(89),O(7) | |
11 | Loan | 28 | 1 | Wilmot Plaza | 9/30/2021 | 1 | 1 | 11/1/2021 | 11/1/2022 | 10/1/2031 | NAP | 0 | 0 | L(25),YM1(92),O(3) |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 8/6/2021 | 3 | 6 | 9/6/2021 | 9/6/2021 | 8/6/2031 | NAP | 0 | 0 | L(27),D(86),O(7) |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 9/30/2021 | 1 | 6 | 11/6/2021 | 11/6/2021 | 10/6/2031 | NAP | 0 | 0 | L(25),D(90),O(5) |
14 | Loan | 3 | WoodSpring Suites Portfolio | 10/4/2021 | 1 | 6 | 11/6/2021 | 11/6/2022 | 10/6/2031 | NAP | 5 | 0 | L(25),YM1(88),O(7) | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | |||||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | |||||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | |||||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 9/28/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(91),O(4) |
16 | Loan | 2 | 1 | La Encantada | 9/17/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(91),O(4) |
17 | Loan | 1 | The Wolf Building | 9/30/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(90),O(5) | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 9/22/2021 | 1 | 1 | 11/1/2021 | 11/1/2026 | 10/1/2031 | NAP | 0 | 0 | L(25),D(91),O(4) |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 9/28/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(91),O(4) |
20 | Loan | 1 | Mansfield Commons | 10/13/2021 | 0 | 6 | 12/6/2021 | 12/6/2021 | 11/6/2031 | NAP | 0 | 0 | L(24),D(92),O(4) | |
21 | Loan | 1 | Peachtree Corners I & II | 8/17/2021 | 2 | 6 | 10/6/2021 | 10/6/2024 | 9/6/2031 | NAP | 0 | 0 | L(26),D(90),O(4) | |
22 | Loan | 1 | 144 Bleecker Street | 9/17/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(91),O(4) | |
23 | Loan | 29 | 1 | 31 Bond Street | 10/13/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(91),O(5) |
24 | Loan | 1 | Corinth Distribution Center | 10/6/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(91),O(4) | |
25 | Loan | 1 | Village at Double Diamond | 10/8/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(91),O(5) | |
26 | Loan | 28 | 1 | 450 Post Road East | 10/8/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(92),O(4) |
27 | Loan | 6 | Hirschfield NNN Portfolio | 10/8/2021 | 0 | 1 | 12/1/2021 | 12/1/2021 | 11/1/2031 | NAP | 0 | 0 | L(24),D(93),O(3) | |
27.01 | Property | 1 | 729 East Spaulding Avenue | |||||||||||
27.02 | Property | 1 | 5402 West Market Street | |||||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | |||||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | |||||||||||
27.05 | Property | 1 | 1112 Centre West Drive | |||||||||||
27.06 | Property | 1 | 7415 Brandt Pike | |||||||||||
28 | Loan | 1 | 536 West 29th Street | 9/8/2021 | 1 | 1 | 11/1/2021 | NAP | 10/1/2026 | NAP | 0 | 0 | L(25),D(32),O(3) | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 9/28/2021 | 1 | 1 | 11/1/2021 | NAP | 10/1/2031 | NAP | 0 | 0 | L(25),D(92),O(3) |
30 | Loan | 3 | Omega Mixed Use Portfolio | 10/8/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(92),O(4) | |
30.01 | Property | 1 | Windows, LLC | |||||||||||
30.02 | Property | 1 | Aultman Medical | |||||||||||
30.03 | Property | 1 | FedEx Express | |||||||||||
31 | Loan | 1 | Newberry Crossing | 10/8/2021 | 0 | 6 | 12/6/2021 | 12/6/2024 | 11/6/2031 | NAP | 0 | 0 | L(24),D(92),O(4) | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 10/6/2021 | 1 | 6 | 11/6/2021 | 11/6/2026 | 10/6/2031 | NAP | 0 | 0 | L(25),YM1(92),O(3) | |
32.01 | Property | 1 | Forrestal Industrial Park | |||||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | |||||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | 10/12/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(93),O(3) | |
34 | Loan | 1 | Hampton Inn Gretna | 9/24/2021 | 1 | 6 | 11/6/2021 | 11/6/2021 | 10/6/2031 | NAP | 0 | 0 | L(25),D(91),O(4) | |
35 | Loan | 1 | Walgreens Fort Smith | 10/8/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(93),O(3) | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 10/1/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(92),O(3) | |
36.01 | Property | 1 | Walgreens - West Palm, FL | |||||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | |||||||||||
37 | Loan | 1 | Madison Park | 10/12/2021 | 0 | 6 | 12/6/2021 | NAP | 11/6/2031 | NAP | 0 | 0 | L(24),D(91),O(5) | |
38 | Loan | 1 | Walgreens Ocala | 9/23/2021 | 1 | 6 | 11/6/2021 | NAP | 10/6/2031 | NAP | 0 | 0 | L(25),D(92),O(3) |
A-1-5
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) |
11 | |||||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 38,682,848 | 8,088,398 | 30,594,450 | 12/31/2020 | T-12 | 37,500,457 | 8,064,155 | 29,436,302 | 12/31/2019 | T-12 | NAV |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3 | Loan | 1 | Townhouse on the Park | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4 | Loan | 2, 26 | 1 | The Veranda | 16,420,997 | 6,536,810 | 9,884,188 | 7/31/2021 | T-12 | 14,437,383 | 6,383,539 | 8,053,843 | 12/31/2020 | T-12 | 12,456,631 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 33,835,567 | 13,479,685 | 20,355,882 | 7/31/2021 | T-12 | 32,752,042 | 12,514,466 | 20,237,576 | 12/31/2020 | T-12 | 32,584,992 |
5.01 | Property | 1 | 1100 First Street NE | 19,671,991 | 6,566,029 | 13,105,962 | 7/31/2021 | T-12 | 18,518,357 | 6,234,785 | 12,283,572 | 12/31/2020 | T-12 | 19,060,848 | |
5.02 | Property | 1 | 820 First Street NE | 14,163,576 | 6,913,656 | 7,249,920 | 7/31/2021 | T-12 | 14,233,685 | 6,279,681 | 7,954,004 | 12/31/2020 | T-12 | 13,524,144 | |
6 | Loan | 2 | 1 | 520 Almanor | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7 | Loan | 1 | Valley Plaza | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
9 | Loan | 1 | Brush Factory Lofts | 2,316,387 | 552,246 | 1,764,141 | 8/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | |
10 | Loan | 1 | Norcross Industrial Portfolio | 4,524,071 | 2,047,979 | 2,476,092 | 7/31/2021 | T-12 | 4,990,329 | 2,003,468 | 2,986,861 | 12/31/2020 | T-12 | 4,879,218 | |
11 | Loan | 28 | 1 | Wilmot Plaza | 3,857,842 | 618,974 | 3,238,868 | 8/31/2021 | T-12 | 3,824,387 | 641,728 | 3,182,659 | 12/31/2020 | T-12 | 3,817,535 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 5,706,395 | 2,170,499 | 3,535,895 | 5/31/2021 | T-12 | 5,850,796 | 2,144,600 | 3,706,195 | 12/31/2020 | T-12 | 6,597,967 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 6,057,601 | 1,672,271 | 4,385,330 | 7/31/2021 | T-12 | 5,697,962 | 1,514,265 | 4,183,697 | 12/31/2020 | T-12 | 5,356,736 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 6,205,716 | 3,029,217 | 3,176,500 | 8/31/2021 | T-12 | 5,088,486 | 2,715,949 | 2,372,536 | 12/31/2020 | T-12 | 4,955,976 | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 2,641,483 | 1,320,828 | 1,320,655 | 8/31/2021 | T-12 | 2,130,361 | 1,112,674 | 1,017,687 | 12/31/2020 | T-12 | 2,013,634 | |
14.02 | Property | 1 | WoodSpring Suites Arnold | 1,831,278 | 858,995 | 972,283 | 8/31/2021 | T-12 | 1,375,978 | 768,919 | 607,059 | 12/31/2020 | T-12 | 1,573,296 | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | 1,732,955 | 849,393 | 883,562 | 8/31/2021 | T-12 | 1,582,147 | 834,357 | 747,790 | 12/31/2020 | T-12 | 1,369,046 | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 9,426,667 | 2,103,305 | 7,323,362 | 6/30/2021 | T-12 | 9,733,855 | 2,115,805 | 7,618,050 | 12/31/2020 | T-12 | 8,035,372 |
16 | Loan | 2 | 1 | La Encantada | 11,458,478 | 2,967,871 | 8,490,607 | 7/31/2021 | T-12 | 11,959,905 | 2,849,069 | 9,110,836 | 12/31/2020 | T-12 | 13,226,187 |
17 | Loan | 1 | The Wolf Building | 2,467,062 | 823,247 | 1,643,815 | 7/31/2021 | T-12 | 2,608,744 | 834,913 | 1,773,831 | 12/31/2020 | T-12 | 2,872,109 | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 2,718,984 | 728,720 | 1,990,264 | 6/30/2021 | T-12 | 2,684,868 | 766,093 | 1,918,775 | 12/31/2020 | T-12 | 2,644,856 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 4,071,038 | 1,637,565 | 2,433,473 | 6/30/2021 | T-12 | 4,069,757 | 1,521,446 | 2,548,312 | 12/31/2020 | T-12 | 4,250,263 |
20 | Loan | 1 | Mansfield Commons | 2,947,455 | 1,752,946 | 1,194,509 | 8/31/2021 | T-12 | 2,565,319 | 1,344,506 | 1,220,813 | 12/31/2020 | T-12 | 3,068,455 | |
21 | Loan | 1 | Peachtree Corners I & II | 1,515,486 | 532,384 | 983,102 | 12/31/2020 | T-12 | 1,348,723 | 465,222 | 883,501 | 12/31/2019 | T-12 | NAV | |
22 | Loan | 1 | 144 Bleecker Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
23 | Loan | 29 | 1 | 31 Bond Street | 1,429,708 | 389,724 | 1,039,983 | 6/30/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV |
24 | Loan | 1 | Corinth Distribution Center | 1,152,343 | 239,935 | 912,407 | 8/31/2021 | T-12 | 910,278 | 242,942 | 667,336 | 12/31/2020 | T-12 | 1,138,826 | |
25 | Loan | 1 | Village at Double Diamond | 1,589,770 | 335,998 | 1,253,772 | 8/31/2021 | T-12 | 1,563,083 | 323,223 | 1,239,860 | 12/31/2020 | T-12 | 1,506,892 | |
26 | Loan | 28 | 1 | 450 Post Road East | 1,467,458 | 547,873 | 919,586 | 7/31/2021 | Annualized | 1,469,110 | 563,480 | 905,630 | 12/31/2020 | T-12 | 1,387,221 |
27 | Loan | 6 | Hirschfield NNN Portfolio | 1,086,166 | 274,933 | 811,233 | 7/31/2021 | T-12 | 1,062,562 | 217,156 | 845,406 | 12/31/2020 | T-12 | 1,054,170 | |
27.01 | Property | 1 | 729 East Spaulding Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.02 | Property | 1 | 5402 West Market Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.04 | Property | 1 | 6320 Wedgewood Road North | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.05 | Property | 1 | 1112 Centre West Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.06 | Property | 1 | 7415 Brandt Pike | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
28 | Loan | 1 | 536 West 29th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
30.01 | Property | 1 | Windows, LLC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
30.02 | Property | 1 | Aultman Medical | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
30.03 | Property | 1 | FedEx Express | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
31 | Loan | 1 | Newberry Crossing | 1,202,030 | 431,177 | 770,853 | 6/30/2021 | T-12 | 948,562 | 421,133 | 527,429 | 12/31/2020 | T-12 | 1,267,657 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
32.01 | Property | 1 | Forrestal Industrial Park | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
33 | Loan | 1 | 1523 Voorhies Avenue | 377,235 | 193,476 | 183,759 | 7/31/2021 | T-12 | 247,864 | 197,258 | 50,606 | 12/31/2020 | T-12 | 422,389 | |
34 | Loan | 1 | Hampton Inn Gretna | 2,036,171 | 1,076,953 | 959,219 | 7/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | |
35 | Loan | 1 | Walgreens Fort Smith | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 512,700 | 15,381 | 497,319 | 5/31/2021 | T-12 | 512,700 | 15,381 | 497,319 | 12/31/2020 | T-12 | NAV | |
36.01 | Property | 1 | Walgreens - West Palm, FL | 293,700 | 8,811 | 284,889 | 5/31/2021 | T-12 | 293,700 | 8,811 | 284,889 | 12/31/2020 | T-12 | NAV | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | 219,000 | 6,570 | 212,430 | 5/31/2021 | T-12 | 219,000 | 6,570 | 212,430 | 12/31/2020 | T-12 | NAV | |
37 | Loan | 1 | Madison Park | 478,721 | 129,911 | 348,810 | 5/31/2021 | T-12 | 454,916 | 134,679 | 320,236 | 12/31/2020 | T-12 | 428,684 | |
38 | Loan | 1 | Walgreens Ocala | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
A-1-6
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) |
11 | ||||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAV | NAV | NAV | NAV | 96.0% | 39,738,327 | 9,140,405 | 30,597,922 | 81,884 | 818,844 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAV | NAV | NAV | NAV | 98.5% | 92,929,288 | 12,225,756 | 80,703,532 | 137,285 | 0 |
3 | Loan | 1 | Townhouse on the Park | NAV | NAV | NAV | NAV | 95.0% | 6,523,157 | 1,090,910 | 5,432,248 | 15,000 | 0 | |
4 | Loan | 2, 26 | 1 | The Veranda | 6,146,158 | 6,310,473 | 12/31/2019 | T-12 | 95.0% | 17,143,342 | 6,554,555 | 10,588,787 | 54,834 | 182,780 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 14,056,616 | 18,528,376 | 12/31/2019 | T-12 | 90.8% | 33,446,742 | 13,570,406 | 19,876,336 | 131,014 | 1,310,142 |
5.01 | Property | 1 | 1100 First Street NE | 7,147,764 | 11,913,084 | 12/31/2019 | T-12 | 91.4% | 18,481,777 | 6,848,092 | 11,633,685 | 69,793 | 697,934 | |
5.02 | Property | 1 | 820 First Street NE | 6,908,852 | 6,615,292 | 12/31/2019 | T-12 | 90.1% | 14,964,965 | 6,722,313 | 8,242,651 | 61,221 | 612,208 | |
6 | Loan | 2 | 1 | 520 Almanor | NAV | NAV | NAV | NAV | 95.0% | 19,193,177 | 6,025,100 | 13,168,077 | 0 | 0 |
7 | Loan | 1 | Valley Plaza | NAV | NAV | NAV | NAV | 96.8% | 4,502,031 | 1,342,065 | 3,159,966 | 15,531 | 30,405 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAV | NAV | NAV | NAV | 100.0% | 2,511,466 | 0 | 2,511,466 | 0 | 0 |
9 | Loan | 1 | Brush Factory Lofts | NAV | NAV | NAV | NAV | 95.0% | 3,034,163 | 603,267 | 2,430,896 | 37,750 | 0 | |
10 | Loan | 1 | Norcross Industrial Portfolio | 1,781,409 | 3,097,809 | 12/31/2019 | T-12 | 74.5% | 4,955,515 | 1,976,381 | 2,979,134 | 141,245 | 9,565 | |
11 | Loan | 28 | 1 | Wilmot Plaza | 658,766 | 3,158,769 | 12/31/2019 | T-12 | 93.3% | 3,859,808 | 682,726 | 3,177,082 | 20,922 | 141,672 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 2,205,621 | 4,392,346 | 12/31/2019 | T-12 | 85.8% | 6,119,441 | 2,092,357 | 4,027,085 | 98,368 | 226,894 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 2,038,211 | 3,318,525 | 12/31/2019 | T-12 | 78.9% | 6,686,590 | 2,177,300 | 4,509,290 | 291,284 | 307,572 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 2,685,323 | 2,270,653 | 12/31/2019 | T-12 | 90.9% | 6,205,716 | 3,038,449 | 3,167,267 | 248,229 | 0 | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 1,062,129 | 951,505 | 12/31/2019 | T-12 | 87.7% | 2,641,483 | 1,304,498 | 1,336,985 | 105,659 | 0 | |
14.02 | Property | 1 | WoodSpring Suites Arnold | 764,945 | 808,351 | 12/31/2019 | T-12 | 91.3% | 1,831,278 | 870,962 | 960,316 | 73,251 | 0 | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | 858,249 | 510,797 | 12/31/2019 | T-12 | 93.8% | 1,732,955 | 862,989 | 869,966 | 69,318 | 0 | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 2,181,126 | 5,854,246 | 12/31/2019 | T-12 | 93.2% | 10,276,791 | 2,265,279 | 8,011,513 | 61,178 | 398,772 |
16 | Loan | 2 | 1 | La Encantada | 2,900,549 | 10,325,638 | 12/31/2019 | T-12 | 89.3% | 13,006,834 | 3,560,488 | 9,446,346 | 49,191 | 0 |
17 | Loan | 1 | The Wolf Building | 914,634 | 1,957,475 | 12/31/2019 | T-12 | 92.7% | 3,009,421 | 972,937 | 2,036,485 | 32,054 | 131,658 | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 762,025 | 1,882,831 | 12/31/2019 | T-12 | 92.4% | 2,838,837 | 747,055 | 2,091,782 | 25,941 | 103,762 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 1,638,005 | 2,612,258 | 12/31/2019 | T-12 | 79.1% | 3,372,129 | 1,584,821 | 1,787,308 | 50,900 | 33,060 |
20 | Loan | 1 | Mansfield Commons | 1,698,907 | 1,369,548 | 12/31/2019 | T-12 | 94.9% | 3,357,541 | 1,765,300 | 1,592,240 | 59,850 | 94,448 | |
21 | Loan | 1 | Peachtree Corners I & II | NAV | NAV | NAV | NAV | 90.0% | 2,253,654 | 626,275 | 1,627,380 | 24,485 | 38,231 | |
22 | Loan | 1 | 144 Bleecker Street | NAV | NAV | NAV | NAV | 95.0% | 992,150 | 126,133 | 866,018 | 6,950 | 0 | |
23 | Loan | 29 | 1 | 31 Bond Street | NAV | NAV | NAV | NAV | 95.0% | 1,352,217 | 368,612 | 983,605 | 3,558 | 55,005 |
24 | Loan | 1 | Corinth Distribution Center | 241,296 | 897,529 | 12/31/2019 | T-12 | 95.4% | 1,405,022 | 335,207 | 1,069,815 | 29,400 | 52,660 | |
25 | Loan | 1 | Village at Double Diamond | 329,403 | 1,177,489 | 12/31/2019 | T-12 | 95.0% | 1,750,888 | 404,655 | 1,346,233 | 6,378 | 86,975 | |
26 | Loan | 28 | 1 | 450 Post Road East | 578,391 | 808,829 | 12/31/2019 | T-12 | 96.1% | 1,427,186 | 564,840 | 862,346 | 7,155 | 45,597 |
27 | Loan | 6 | Hirschfield NNN Portfolio | 279,715 | 774,455 | 12/31/2019 | T-12 | 88.3% | 1,188,040 | 293,300 | 894,740 | 0 | 0 | |
27.01 | Property | 1 | 729 East Spaulding Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.02 | Property | 1 | 5402 West Market Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.04 | Property | 1 | 6320 Wedgewood Road North | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.05 | Property | 1 | 1112 Centre West Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
27.06 | Property | 1 | 7415 Brandt Pike | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
28 | Loan | 1 | 536 West 29th Street | NAV | NAV | NAV | NAV | 97.5% | 883,723 | 171,982 | 711,740 | 320 | 640 | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAV | NAV | NAV | NAV | 99.0% | 792,507 | 7,925 | 784,582 | 2,040 | 0 |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAV | NAV | NAV | NAV | 95.4% | 961,389 | 218,936 | 742,453 | 23,515 | 38,440 | |
30.01 | Property | 1 | Windows, LLC | NAV | NAV | NAV | NAV | 95.0% | 370,749 | 73,557 | 297,191 | 2,086 | 15,767 | |
30.02 | Property | 1 | Aultman Medical | NAV | NAV | NAV | NAV | 95.0% | 276,402 | 55,955 | 220,447 | 1,643 | 13,294 | |
30.03 | Property | 1 | FedEx Express | NAV | NAV | NAV | NAV | 96.3% | 314,238 | 89,423 | 224,814 | 19,786 | 9,379 | |
31 | Loan | 1 | Newberry Crossing | 419,845 | 847,812 | 12/31/2019 | T-12 | 94.4% | 1,283,256 | 430,128 | 853,128 | 22,939 | 114,693 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAV | NAV | NAV | NAV | 95.3% | 903,156 | 304,794 | 598,362 | 6,516 | 45,704 | |
32.01 | Property | 1 | Forrestal Industrial Park | NAV | NAV | NAV | NAV | 95.0% | 507,365 | 173,978 | 333,386 | 5,250 | 39,375 | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | NAV | NAV | NAV | NAV | 95.7% | 395,791 | 130,815 | 264,976 | 1,266 | 6,329 | |
33 | Loan | 1 | 1523 Voorhies Avenue | 202,928 | 219,461 | 12/31/2019 | T-12 | 95.0% | 657,900 | 210,688 | 447,211 | 6,027 | 19,582 | |
34 | Loan | 1 | Hampton Inn Gretna | NAV | NAV | NAV | NAV | 79.4% | 2,036,171 | 1,124,722 | 911,449 | 81,447 | 0 | |
35 | Loan | 1 | Walgreens Fort Smith | NAV | NAV | NAV | NAV | 97.0% | 373,808 | 16,820 | 356,989 | 2,058 | 0 | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAV | NAV | NAV | NAV | 97.3% | 480,389 | 14,412 | 465,977 | 4,354 | 15,221 | |
36.01 | Property | 1 | Walgreens - West Palm, FL | NAV | NAV | NAV | NAV | 97.0% | 284,889 | 8,547 | 276,342 | 2,268 | 12,061 | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | NAV | NAV | NAV | NAV | 97.8% | 195,500 | 5,865 | 189,635 | 2,086 | 3,160 | |
37 | Loan | 1 | Madison Park | 151,444 | 277,240 | 12/31/2019 | T-12 | 95.0% | 466,980 | 128,338 | 338,642 | 3,996 | 19,980 | |
38 | Loan | 1 | Walgreens Ocala | NAV | NAV | NAV | NAV | 97.0% | 271,381 | 8,141 | 263,239 | 2,325 | 9,019 |
A-1-7
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date |
8 | 8 | 13, 14 | ||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 29,697,194 | 3.74 | 3.63 | 10.2% | 9.9% | 828,000,000 | As Is | 8/31/2021 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 80,566,247 | 3.50 | 3.50 | 9.9% | 9.9% | 1,954,000,000 | Prospective Market Value Upon Completion & Stabilization | 4/1/2023 |
3 | Loan | 1 | Townhouse on the Park | 5,417,248 | 2.12 | 2.12 | 7.0% | 7.0% | 137,000,000 | As Is | 7/27/2021 | |
4 | Loan | 2, 26 | 1 | The Veranda | 10,351,173 | 3.49 | 3.41 | 10.6% | 10.4% | 197,100,000 | As Is | 8/19/2021 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 18,435,180 | 3.09 | 2.87 | 9.4% | 8.7% | 332,000,000 | As Is | 8/12/2021 |
5.01 | Property | 1 | 1100 First Street NE | 10,865,957 | 199,000,000 | As Is | 8/12/2021 | |||||
5.02 | Property | 1 | 820 First Street NE | 7,569,223 | 133,000,000 | As Is | 8/12/2021 | |||||
6 | Loan | 2 | 1 | 520 Almanor | 13,168,077 | 5.00 | 5.00 | 13.0% | 13.0% | 254,000,000 | As Stabilized | 3/1/2023 |
7 | Loan | 1 | Valley Plaza | 3,114,030 | 2.16 | 2.13 | 8.1% | 8.0% | 65,500,000 | As Is | 8/16/2021 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 2,511,466 | 1.63 | 1.63 | 7.2% | 7.2% | 58,000,000 | Prospective Market Value Upon Completion and Stabilization | 8/1/2021 |
9 | Loan | 1 | Brush Factory Lofts | 2,393,146 | 1.30 | 1.28 | 7.4% | 7.3% | 48,600,000 | As Is | 9/3/2021 | |
10 | Loan | 1 | Norcross Industrial Portfolio | 2,828,324 | 2.63 | 2.50 | 9.5% | 9.0% | 60,000,000 | As Is | 9/17/2021 | |
11 | Loan | 28 | 1 | Wilmot Plaza | 3,014,488 | 1.87 | 1.77 | 10.6% | 10.0% | 46,000,000 | As Is | 7/21/2021 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 3,701,823 | 1.55 | 1.42 | 8.6% | 7.9% | 68,550,000 | As Is | 7/12/2021 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 3,910,433 | 3.19 | 2.77 | 17.0% | 14.7% | 44,100,000 | As Is | 7/23/2021 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 2,919,038 | 2.63 | 2.42 | 15.5% | 14.2% | 31,550,000 | As Is | Various | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 1,231,326 | 13,800,000 | As Is | 8/31/2021 | |||||
14.02 | Property | 1 | WoodSpring Suites Arnold | 887,065 | 9,150,000 | As Is | 8/26/2021 | |||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | 800,648 | 8,600,000 | As Is | 8/26/2021 | |||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 7,551,563 | 2.52 | 2.37 | 8.9% | 8.4% | 164,000,000 | As Is | 6/16/2021 |
16 | Loan | 2 | 1 | La Encantada | 9,397,155 | 2.72 | 2.70 | 9.3% | 9.2% | 173,700,000 | As Is | 6/5/2021 |
17 | Loan | 1 | The Wolf Building | 1,872,772 | 2.91 | 2.68 | 10.2% | 9.4% | 38,800,000 | As Is | 7/8/2021 | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 1,962,079 | 2.00 | 1.88 | 10.6% | 9.9% | 29,300,000 | As Is | 8/3/2021 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 1,703,348 | 3.17 | 3.02 | 10.2% | 9.7% | 36,000,000 | As Is | 7/26/2021 |
20 | Loan | 1 | Mansfield Commons | 1,437,942 | 1.75 | 1.58 | 10.0% | 9.0% | 25,500,000 | As Is | 8/31/2021 | |
21 | Loan | 1 | Peachtree Corners I & II | 1,564,664 | 2.02 | 1.94 | 10.8% | 10.4% | 21,700,000 | As Is | 5/21/2021 | |
22 | Loan | 1 | 144 Bleecker Street | 859,068 | 1.61 | 1.60 | 6.7% | 6.7% | 18,900,000 | As Stabilized | 7/1/2021 | |
23 | Loan | 29 | 1 | 31 Bond Street | 925,042 | 2.24 | 2.10 | 7.9% | 7.4% | 22,900,000 | As Is | 8/17/2021 |
24 | Loan | 1 | Corinth Distribution Center | 987,755 | 2.84 | 2.62 | 9.9% | 9.1% | 17,200,000 | As Is | 9/15/2021 | |
25 | Loan | 1 | Village at Double Diamond | 1,252,881 | 3.68 | 3.43 | 12.5% | 11.7% | 19,800,000 | As Is | 8/26/2021 | |
26 | Loan | 28 | 1 | 450 Post Road East | 809,594 | 2.25 | 2.12 | 9.0% | 8.5% | 15,600,000 | As Is | 8/11/2021 |
27 | Loan | 6 | Hirschfield NNN Portfolio | 894,740 | 1.66 | 1.66 | 9.4% | 9.4% | 12,690,000 | Various | Various | |
27.01 | Property | 1 | 729 East Spaulding Avenue | NAV | 3,360,000 | As Is | 5/1/2021 | |||||
27.02 | Property | 1 | 5402 West Market Street | NAV | 2,670,000 | As Is | 4/20/2021 | |||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAV | 2,210,000 | As Is | 4/29/2021 | |||||
27.04 | Property | 1 | 6320 Wedgewood Road North | NAV | 2,030,000 | As Is | 4/28/2021 | |||||
27.05 | Property | 1 | 1112 Centre West Drive | NAV | 1,820,000 | Hypothetical As If Complete | 7/23/2021 | |||||
27.06 | Property | 1 | 7415 Brandt Pike | NAV | 600,000 | As Is | 4/29/2021 | |||||
28 | Loan | 1 | 536 West 29th Street | 710,780 | 1.89 | 1.89 | 8.2% | 8.2% | 13,000,000 | As Is | 8/18/2021 | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 782,542 | 3.06 | 3.05 | 9.8% | 9.8% | 17,700,000 | As Is | 9/6/2021 |
30 | Loan | 3 | Omega Mixed Use Portfolio | 680,498 | 2.69 | 2.47 | 9.8% | 9.0% | 12,655,000 | As Is | Various | |
30.01 | Property | 1 | Windows, LLC | 279,338 | 5,325,000 | As Is | 8/16/2021 | |||||
30.02 | Property | 1 | Aultman Medical | 205,510 | 3,730,000 | As Is | 8/18/2021 | |||||
30.03 | Property | 1 | FedEx Express | 195,649 | 3,600,000 | As Is | 8/11/2021 | |||||
31 | Loan | 1 | Newberry Crossing | 715,496 | 2.24 | 1.88 | 12.5% | 10.5% | 10,900,000 | As Is | 8/2/2021 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 546,143 | 1.75 | 1.60 | 9.8% | 8.9% | 10,290,000 | Various | Various | |
32.01 | Property | 1 | Forrestal Industrial Park | 288,761 | 5,750,000 | As Is | 8/18/2021 | |||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | 257,382 | 4,540,000 | As Stabilized | 9/1/2022 | |||||
33 | Loan | 1 | 1523 Voorhies Avenue | 421,602 | 2.33 | 2.20 | 8.9% | 8.4% | 8,700,000 | As Is | 8/24/2021 | |
34 | Loan | 1 | Hampton Inn Gretna | 830,003 | 3.03 | 2.76 | 19.8% | 18.1% | 8,300,000 | As Is | 8/20/2021 | |
35 | Loan | 1 | Walgreens Fort Smith | 354,931 | 2.10 | 2.09 | 8.4% | 8.4% | 7,550,000 | As Is | 8/7/2021 | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 446,403 | 3.04 | 2.91 | 11.0% | 10.5% | 8,500,000 | As Is | Various | |
36.01 | Property | 1 | Walgreens - West Palm, FL | 262,014 | 4,700,000 | As Is | 8/8/2021 | |||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | 184,389 | 3,800,000 | As Is | 8/3/2021 | |||||
37 | Loan | 1 | Madison Park | 327,166 | 2.79 | 2.69 | 9.7% | 9.3% | 6,500,000 | As Is | 8/12/2021 | |
38 | Loan | 1 | Walgreens Ocala | 251,895 | 2.66 | 2.55 | 9.9% | 9.5% | 5,500,000 | As Is | 7/24/2021 |
A-1-8
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA |
13, 14 | 13, 14 | 4, 19, 22 | 20, 21 | |||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 36.1% | 36.1% | 98.5% | 9/1/2021 | No | InterSystems Corporation | 239,417 | 58.5% |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 41.7% | 41.7% | 100.0% | 10/14/2021 | Yes | Aventis Inc. | 915,233 | 100.0% |
3 | Loan | 1 | Townhouse on the Park | 56.9% | 56.9% | 96.0% | 8/17/2021 | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 50.7% | 50.7% | 95.5% | 10/1/2021 | No | Dave & Buster’s | 47,014 | 12.9% |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 63.6% | 63.6% | 89.1% | |||||
5.01 | Property | 1 | 1100 First Street NE | 91.7% | 9/1/2021 | No | GSA - Department Veterans Affairs | 131,454 | 37.7% | |||
5.02 | Property | 1 | 820 First Street NE | 86.1% | 9/1/2021 | No | Turner Broadcasting System Inc | 106,763 | 34.9% | |||
6 | Loan | 2 | 1 | 520 Almanor | 40.0% | 40.0% | 98.3% | 10/20/2021 | Yes | Nokia Corp | 227,220 | 98.3% |
7 | Loan | 1 | Valley Plaza | 59.4% | 59.4% | 100.0% | 6/30/2021 | No | Target | 80,411 | 51.8% | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 59.8% | 59.8% | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | 67.9% | 58.6% | 97.4% | 9/15/2021 | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | 52.5% | 52.5% | 75.6% | 8/1/2021 | No | Colorchrome Atlanta Inc | 51,665 | 7.3% | |
11 | Loan | 28 | 1 | Wilmot Plaza | 65.2% | 53.2% | 95.5% | 9/9/2021 | No | Dick’s Sporting Goods | 50,000 | 35.8% |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 68.3% | 53.9% | 87.6% | 7/1/2021 | No | Walmart | 150,111 | 32.0% |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 60.3% | 46.9% | 75.0% | 9/1/2021 | No | Sprinter Services, Inc | 473,174 | 24.4% |
14 | Loan | 3 | WoodSpring Suites Portfolio | 65.0% | 53.6% | 90.9% | ||||||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 87.7% | 8/31/2021 | NAP | NAP | NAP | NAP | |||
14.02 | Property | 1 | WoodSpring Suites Arnold | 91.3% | 8/31/2021 | NAP | NAP | NAP | NAP | |||
14.03 | Property | 1 | WoodSpring Suites St. Charles | 93.8% | 8/31/2021 | NAP | NAP | NAP | NAP | |||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 54.9% | 54.9% | 93.7% | 3/31/2021 | No | LA Fitness | 65,000 | 21.2% |
16 | Loan | 2 | 1 | La Encantada | 58.7% | 58.7% | 89.7% | 9/1/2021 | No | AJ’s Fine Foods | 28,692 | 11.7% |
17 | Loan | 1 | The Wolf Building | 51.5% | 51.5% | 93.1% | 9/29/2021 | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 67.4% | 60.5% | 92.6% | 7/27/2021 | No | ACME | 57,560 | 33.3% |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 48.6% | 48.6% | 75.8% | 7/28/2021 | No | Rite Aid | 10,172 | 10.5% |
20 | Loan | 1 | Mansfield Commons | 62.7% | 49.7% | 98.2% | 8/25/2021 | No | Walmart | 123,519 | 45.4% | |
21 | Loan | 1 | Peachtree Corners I & II | 69.4% | 59.1% | 89.7% | 8/1/2021 | No | Technicolor Connected Home USA LLC | 53,188 | 32.6% | |
22 | Loan | 1 | 144 Bleecker Street | 68.3% | 68.3% | 96.2% | 7/15/2021 | NAP | NAP | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | 54.6% | 54.6% | 100.0% | 6/1/2021 | No | Unily | 5,956 | 33.5% |
24 | Loan | 1 | Corinth Distribution Center | 62.8% | 62.8% | 100.0% | 9/7/2021 | No | Kimberly Clark | 168,000 | 57.1% | |
25 | Loan | 1 | Village at Double Diamond | 54.3% | 54.3% | 89.5% | 10/6/2021 | No | Taco Bell | 4,000 | 6.9% | |
26 | Loan | 28 | 1 | 450 Post Road East | 61.3% | 61.3% | 100.0% | 9/1/2021 | No | Wells Fargo Advisors, LLC | 31,577 | 88.3% |
27 | Loan | 6 | Hirschfield NNN Portfolio | 75.0% | 59.4% | 84.9% | 11/1/2021 | |||||
27.01 | Property | 1 | 729 East Spaulding Avenue | 100.0% | 11/1/2021 | Yes | St. Mary Corwin Hospital (Centura Health) | 9,500 | 100.0% | |||
27.02 | Property | 1 | 5402 West Market Street | 100.0% | 11/1/2021 | Yes | FastMed Urgent Care | 6,436 | 100.0% | |||
27.03 | Property | 1 | 17061 North Avenue of the Arts | 100.0% | 11/1/2021 | Yes | Arrowhead Health Management | 6,150 | 100.0% | |||
27.04 | Property | 1 | 6320 Wedgewood Road North | 100.0% | 11/1/2021 | Yes | Fairview Health Services | 6,085 | 100.0% | |||
27.05 | Property | 1 | 1112 Centre West Drive | 100.0% | 11/1/2021 | Yes | Fresenius Medical Care | 6,567 | 100.0% | |||
27.06 | Property | 1 | 7415 Brandt Pike | 0.0% | 11/1/2021 | NAP | NAP | NAP | NAP | |||
28 | Loan | 1 | 536 West 29th Street | 66.5% | 66.5% | 100.0% | 11/1/2021 | Yes | Beowulf Electricity & Data | 6,400 | 100.0% | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 45.2% | 45.2% | 100.0% | 11/1/2021 | Yes | CVS | 10,200 | 100.0% |
30 | Loan | 3 | Omega Mixed Use Portfolio | 60.1% | 60.1% | 100.0% | ||||||
30.01 | Property | 1 | Windows, LLC | 100.0% | 11/6/2021 | Yes | Windows, LLC | 29,800 | 100.0% | |||
30.02 | Property | 1 | Aultman Medical | 100.0% | 11/6/2021 | Yes | Aultman Medical Group | 14,934 | 100.0% | |||
30.03 | Property | 1 | FedEx Express | 100.0% | 11/6/2021 | Yes | FedEx | 44,968 | 100.0% | |||
31 | Loan | 1 | Newberry Crossing | 62.6% | 53.8% | 96.3% | 9/23/2021 | No | TJ Maxx/HomeGoods | 49,643 | 43.3% | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 59.5% | 53.8% | 100.0% | ||||||
32.01 | Property | 1 | Forrestal Industrial Park | 100.0% | 6/30/2021 | No | Carlstedts | 10,500 | 20.0% | |||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | 100.0% | 8/1/2021 | No | Verizon Wireless | 3,005 | 35.6% | |||
33 | Loan | 1 | 1523 Voorhies Avenue | 57.5% | 57.5% | 100.0% | 9/1/2021 | No | Six Star Plus Inc | 5,796 | 34.0% | |
34 | Loan | 1 | Hampton Inn Gretna | 55.3% | 40.4% | 79.4% | 7/31/2021 | NAP | NAP | NAP | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | 56.3% | 56.3% | 100.0% | 11/6/2021 | Yes | Walgreens | 13,717 | 100.0% | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 50.0% | 50.0% | 100.0% | ||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | 100.0% | 11/6/2021 | Yes | Walgreens | 15,120 | 100.0% | |||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | 100.0% | 11/6/2021 | Yes | Walgreens | 13,905 | 100.0% | |||
37 | Loan | 1 | Madison Park | 53.8% | 53.8% | 100.0% | 10/4/2021 | No | Mr. Bill’s Touch-Up Service (William Lee Wilson) | 9,780 | 24.5% | |
38 | Loan | 1 | Walgreens Ocala | 48.2% | 48.2% | 100.0% | 11/6/2021 | Yes | Walgreens | 15,503 | 100.0% |
A-1-9
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant |
20, 21 | 21 | 21 | 21 | |||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 3/31/2028 | Microsoft Corporation | 156,849 | 38.3% | 6/30/2028 | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 11/30/2036 | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1 | Townhouse on the Park | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 9/30/2034 | Veranda Cinema | 40,683 | 11.1% | 12/31/2037 | LA Fitness |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | ||||||
5.01 | Property | 1 | 1100 First Street NE | 6/25/2026 | Mathematica Policy Research, Inc. | 125,429 | 35.9% | 10/31/2026 | GSA - FERC | |
5.02 | Property | 1 | 820 First Street NE | 12/31/2031 | Accenture LLP | 73,467 | 24.0% | 2/28/2025 | GSA - HUD | |
6 | Loan | 2 | 1 | 520 Almanor | 6/30/2034 | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 1 | Valley Plaza | 3/31/2037 | Burlington Coat Factory | 42,680 | 27.5% | 2/28/2030 | Ross Dress For Less | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | 11/30/2023 | Yes Video Inc | 38,378 | 5.4% | 2/28/2022 | Four Corners Primary Care | |
11 | Loan | 28 | 1 | Wilmot Plaza | 1/31/2026 | T.J. Maxx | 27,000 | 19.4% | 1/31/2028 | Nordstrom Rack |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 1/31/2027 | Acme Markets | 66,169 | 14.1% | 3/31/2025 | Ross Dress For Less |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 6/30/2027 | Keystone Automotive Industries | 216,394 | 11.1% | 3/31/2023 | Packaging Corp. of America |
14 | Loan | 3 | WoodSpring Suites Portfolio | |||||||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | NAP | NAP | NAP | NAP | NAP | NAP | |
14.02 | Property | 1 | WoodSpring Suites Arnold | NAP | NAP | NAP | NAP | NAP | NAP | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 1/31/2037 | Target | 61,965 | 20.3% | 1/31/2036 | Ross Dress For Less |
16 | Loan | 2 | 1 | La Encantada | 1/31/2024 | Crate & Barrel | 22,560 | 9.2% | 1/31/2024 | Pottery Barn |
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 6/30/2022 | Walgreens | 12,500 | 7.2% | 5/31/2028 | Kreston Wine & Spirits |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 1/31/2032 | SI Behavioral Network, Inc. | 7,865 | 8.1% | 5/31/2022 | Advance Stores Company Inc. |
20 | Loan | 1 | Mansfield Commons | 1/25/2025 | Kohl’s | 88,830 | 32.7% | 1/31/2027 | Marshalls | |
21 | Loan | 1 | Peachtree Corners I & II | 12/31/2029 | MDA Holdings, Inc. | 41,607 | 25.5% | 10/31/2024 | Pinnacle Promotions Inc. | |
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | 3/31/2026 | Kairos Managers LLC | 2,988 | 16.8% | 7/31/2025 | BILT Technologies, Inc. |
24 | Loan | 1 | Corinth Distribution Center | 7/31/2024 | Draka Elevator | 66,000 | 22.4% | 2/29/2024 | Northrop Grumman Systems Corp. | |
25 | Loan | 1 | Village at Double Diamond | 4/30/2026 | Metamorphosis Salon and Day Spa | 3,640 | 6.3% | 10/31/2025 | Great Full Gardens | |
26 | Loan | 28 | 1 | 450 Post Road East | 2/28/2029 | Wiliams Trading | 4,200 | 11.7% | 4/30/2024 | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | |||||||
27.01 | Property | 1 | 729 East Spaulding Avenue | 2/28/2024 | NAP | NAP | NAP | NAP | NAP | |
27.02 | Property | 1 | 5402 West Market Street | 5/31/2028 | NAP | NAP | NAP | NAP | NAP | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | 11/30/2022 | NAP | NAP | NAP | NAP | NAP | |
27.04 | Property | 1 | 6320 Wedgewood Road North | 10/31/2026 | NAP | NAP | NAP | NAP | NAP | |
27.05 | Property | 1 | 1112 Centre West Drive | 2/28/2027 | NAP | NAP | NAP | NAP | NAP | |
27.06 | Property | 1 | 7415 Brandt Pike | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 1 | 536 West 29th Street | 9/14/2036 | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 1/31/2037 | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | |||||||
30.01 | Property | 1 | Windows, LLC | 8/31/2031 | NAP | NAP | NAP | NAP | NAP | |
30.02 | Property | 1 | Aultman Medical | 6/30/2032 | NAP | NAP | NAP | NAP | NAP | |
30.03 | Property | 1 | FedEx Express | 2/28/2027 | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 1 | Newberry Crossing | 2/29/2028 | Bealls Outlet | 30,760 | 26.8% | 6/30/2026 | Earth Origins Market | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | |||||||
32.01 | Property | 1 | Forrestal Industrial Park | 4/30/2025 | A Ray Textiles | 5,250 | 10.0% | 9/30/2022 | Coastal Conservation | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | 6/30/2028 | Midwest Express Clinic | 2,508 | 29.7% | 10/31/2031 | Tropical Smoothie Café | |
33 | Loan | 1 | 1523 Voorhies Avenue | 4/30/2026 | LevelUp MD | 4,320 | 25.4% | 4/30/2031 | Columbus Anti-Aging | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | 8/31/2036 | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | |||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | 6/30/2029 | NAP | NAP | NAP | NAP | NAP | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | 1/31/2034 | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 1 | Madison Park | 3/31/2024 | European Motorwerks LLC (Sterling Autosports) | 6,000 | 15.0% | 4/30/2023 | Affordable Import Auto Sales, Inc. (Christopher Salem) | |
38 | Loan | 1 | Walgreens Ocala | 8/31/2033 | NAP | NAP | NAP | NAP | NAP |
A-1-10
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date |
21 | |||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1 | Townhouse on the Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 34,183 | 9.4% | 2/28/2033 | 365 By Whole Foods Market | 30,000 | 8.2% | 12/31/2037 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | |||||||
5.01 | Property | 1 | 1100 First Street NE | 30,193 | 8.7% | 1/20/2025 | Union Privilege | 14,008 | 4.0% | 9/30/2023 | |
5.02 | Property | 1 | 820 First Street NE | 22,195 | 7.3% | 3/10/2026 | National Disability Rights Network | 13,164 | 4.3% | 11/30/2031 | |
6 | Loan | 2 | 1 | 520 Almanor | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 1 | Valley Plaza | 32,214 | 20.7% | 1/31/2030 | NAP | NAP | NAP | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | 34,587 | 4.9% | 4/30/2026 | Keyston Bros | 31,631 | 4.5% | 5/31/2023 | |
11 | Loan | 28 | 1 | Wilmot Plaza | 25,193 | 18.1% | 4/30/2026 | New Cingular Wireless | 5,064 | 3.6% | 11/30/2025 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 25,014 | 5.3% | 1/31/2028 | Pep Boys | 22,354 | 4.8% | 12/31/2024 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 114,000 | 5.9% | 12/31/2026 | Crystal Clean Automotive Detailing | 98,640 | 5.1% | 4/30/2022 |
14 | Loan | 3 | WoodSpring Suites Portfolio | ||||||||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.02 | Property | 1 | WoodSpring Suites Arnold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 27,003 | 8.8% | 1/31/2030 | Smart & Final Stores LLC | 24,000 | 7.8% | 10/31/2036 |
16 | Loan | 2 | 1 | La Encantada | 12,916 | 5.3% | 1/31/2026 | West Elm | 11,029 | 4.5% | 1/31/2031 |
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 11,200 | 6.5% | 4/30/2030 | Concord Pet | 8,000 | 4.6% | 7/31/2030 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 6,800 | 7.0% | 9/30/2023 | Sofia’s Taqueria South LLC | 4,800 | 5.0% | 2/28/2031 |
20 | Loan | 1 | Mansfield Commons | 21,674 | 8.0% | 9/30/2025 | Harbor Freight Tools | 15,000 | 5.5% | 6/30/2028 | |
21 | Loan | 1 | Peachtree Corners I & II | 21,592 | 13.2% | 1/31/2024 | Vital Solutions, Inc. | 12,331 | 7.6% | 4/30/2025 | |
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | 2,984 | 16.8% | 7/31/2025 | Little Spoon, Inc. | 2,966 | 16.7% | 7/31/2025 |
24 | Loan | 1 | Corinth Distribution Center | 60,000 | 20.4% | 2/28/2025 | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | Village at Double Diamond | 3,465 | 6.0% | 9/30/2026 | Optic Gallery South Meadows | 3,348 | 5.8% | 7/31/2029 | |
26 | Loan | 28 | 1 | 450 Post Road East | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | ||||||||
27.01 | Property | 1 | 729 East Spaulding Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.02 | Property | 1 | 5402 West Market Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.04 | Property | 1 | 6320 Wedgewood Road North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.05 | Property | 1 | 1112 Centre West Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.06 | Property | 1 | 7415 Brandt Pike | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 1 | 536 West 29th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | ||||||||
30.01 | Property | 1 | Windows, LLC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.02 | Property | 1 | Aultman Medical | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.03 | Property | 1 | FedEx Express | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 1 | Newberry Crossing | 7,210 | 6.3% | 3/31/2022 | Electronics World | 5,080 | 4.4% | 2/28/2022 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | ||||||||
32.01 | Property | 1 | Forrestal Industrial Park | 5,250 | 10.0% | 2/28/2029 | Bio Green USA | 3,500 | 6.7% | 1/31/2022 | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | 1,644 | 19.5% | 6/30/2031 | Jimmy John’s | 1,281 | 15.2% | 1/1/2026 | |
33 | Loan | 1 | 1523 Voorhies Avenue | 3,456 | 20.3% | 8/31/2034 | Mount Sinai Hospital | 3,456 | 20.3% | 9/30/2022 | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | ||||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 1 | Madison Park | 5,730 | 14.3% | 2/29/2024 | 1st Choice Autoworks (Couch and Thongpool) | 3,101 | 7.8% | 1/31/2023 | |
38 | Loan | 1 | Walgreens Ocala | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-11
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone |
21 | 21 | |||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAP | NAP | NAP | NAP | 7/23/2021 | NAP | 9/17/2021 | NAP | NAP | No |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAP | NAP | NAP | NAP | 9/23/2021 | NAP | 10/12/2021 | NAP | NAP | No |
3 | Loan | 1 | Townhouse on the Park | NAP | NAP | NAP | NAP | 7/22/2021 | NAP | 7/22/2021 | NAP | NAP | No | |
4 | Loan | 2, 26 | 1 | The Veranda | T.J. Maxx | 23,089 | 6.3% | 10/31/2027 | 8/19/2021 | NAP | 8/17/2021 | 8/18/2021 | 13% | No |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | ||||||||||
5.01 | Property | 1 | 1100 First Street NE | Ayers/Saint/Gross, Incorporated | 8,344 | 2.4% | 9/30/2030 | 8/19/2021 | NAP | 8/19/2021 | NAP | NAP | No | |
5.02 | Property | 1 | 820 First Street NE | Lockheed Martin Corporation | 7,341 | 2.4% | 11/30/2022 | 8/19/2021 | NAP | 8/19/2021 | NAP | NAP | No | |
6 | Loan | 2 | 1 | 520 Almanor | NAP | NAP | NAP | NAP | 6/15/2021 | NAP | 6/15/2021 | 6/15/2021 | 10% | No |
7 | Loan | 1 | Valley Plaza | NAP | NAP | NAP | NAP | 8/24/2021 | NAP | 9/1/2021 | 9/1/2021 | 19% | No | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | NAP | NAP | NAP | 6/24/2021 | NAP | 6/24/2021 | NAP | NAP | No |
9 | Loan | 1 | Brush Factory Lofts | NAP | NAP | NAP | NAP | 9/16/2021 | NAP | 9/17/2021 | NAP | NAP | No | |
10 | Loan | 1 | Norcross Industrial Portfolio | Akzo Nobel | 21,917 | 3.1% | 3/31/2024 | 10/1/2021 | NAP | 10/1/2021 | NAP | NAP | No | |
11 | Loan | 28 | 1 | Wilmot Plaza | Carbon Health | 4,434 | 3.2% | 4/30/2027 | 8/5/2021 | NAP | 8/5/2021 | NAP | NAP | No |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | Marshalls | 21,000 | 4.5% | 9/30/2027 | 7/7/2021 | NAP | 7/22/2021 | NAP | NAP | No |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | Rhino Seed & Landscape | 97,400 | 5.0% | 3/31/2022 | 9/17/2021 | NAP | 9/13/2021 | NAP | NAP | No |
14 | Loan | 3 | WoodSpring Suites Portfolio | |||||||||||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | NAP | NAP | NAP | NAP | 8/6/2021 | NAP | 8/5/2021 | 8/5/2021 | 7% | No | |
14.02 | Property | 1 | WoodSpring Suites Arnold | NAP | NAP | NAP | NAP | 9/7/2021 | NAP | 9/7/2021 | NAP | NAP | No | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | NAP | NAP | NAP | NAP | 9/7/2021 | NAP | 9/7/2021 | NAP | NAP | No | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | CVS | 14,200 | 4.6% | 11/30/2061 | 6/24/2021 | NAP | 6/24/2021 | 6/24/2021 | 12% | No |
16 | Loan | 2 | 1 | La Encantada | Anthropologie | 10,430 | 4.2% | 1/31/2031 | 6/4/2021 | NAP | 7/13/2021 | NAP | NAP | No |
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | 8/24/2021 | NAP | 8/26/2021 | NAP | NAP | No | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | Simon Eye Associates | 6,000 | 3.5% | 1/31/2030 | 8/18/2021 | NAP | 8/17/2021 | NAP | NAP | No |
19 | Loan | 26 | 1 | Eltingville Shopping Center | True North Urgent Care LLC | 4,579 | 4.7% | 4/30/2025 | 8/11/2021 | NAP | 8/11/2021 | NAP | NAP | No |
20 | Loan | 1 | Mansfield Commons | The Mane Loft LLC | 4,000 | 1.5% | 10/31/2036 | 9/14/2021 | NAP | 9/14/2021 | NAP | NAP | No | |
21 | Loan | 1 | Peachtree Corners I & II | Broniec Associates, Inc. | 11,534 | 7.1% | 5/31/2026 | 5/12/2021 | NAP | 5/24/2021 | NAP | NAP | No | |
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | 6/30/2021 | NAP | 6/29/2021 | NAP | NAP | No | |
23 | Loan | 29 | 1 | 31 Bond Street | Kith Stock, LLC | 2,897 | 16.3% | 11/30/2023 | 9/14/2021 | NAP | 8/23/2021 | NAP | NAP | No |
24 | Loan | 1 | Corinth Distribution Center | NAP | NAP | NAP | NAP | 8/19/2021 | NAP | 8/15/2021 | NAP | NAP | No | |
25 | Loan | 1 | Village at Double Diamond | Peg’s Glorified Ham and Eggs | 2,800 | 4.8% | 4/30/2029 | 8/14/2021 | NAP | 8/16/2021 | 9/17/2021 | 9% | No | |
26 | Loan | 28 | 1 | 450 Post Road East | NAP | NAP | NAP | NAP | 8/19/2021 | NAP | 8/19/2021 | NAP | NAP | No |
27 | Loan | 6 | Hirschfield NNN Portfolio | |||||||||||
27.01 | Property | 1 | 729 East Spaulding Avenue | NAP | NAP | NAP | NAP | 5/4/2021 | NAP | 5/4/2021 | NAP | NAP | No | |
27.02 | Property | 1 | 5402 West Market Street | NAP | NAP | NAP | NAP | 5/4/2021 | NAP | 5/4/2021 | NAP | NAP | No | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAP | NAP | NAP | NAP | 5/4/2021 | NAP | 5/4/2021 | NAP | NAP | No | |
27.04 | Property | 1 | 6320 Wedgewood Road North | NAP | NAP | NAP | NAP | 5/4/2021 | NAP | 5/4/2021 | NAP | NAP | No | |
27.05 | Property | 1 | 1112 Centre West Drive | NAP | NAP | NAP | NAP | 5/4/2021 | NAP | 5/4/2021 | NAP | NAP | No | |
27.06 | Property | 1 | 7415 Brandt Pike | NAP | NAP | NAP | NAP | 5/4/2021 | NAP | 5/4/2021 | NAP | NAP | No | |
28 | Loan | 1 | 536 West 29th Street | NAP | NAP | NAP | NAP | 8/24/2021 | NAP | 8/23/2021 | NAP | NAP | No | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | NAP | NAP | NAP | 8/3/2021 | NAP | 7/30/2021 | NAP | NAP | No |
30 | Loan | 3 | Omega Mixed Use Portfolio | |||||||||||
30.01 | Property | 1 | Windows, LLC | NAP | NAP | NAP | NAP | 8/25/2021 | NAP | 8/25/2021 | NAP | NAP | No | |
30.02 | Property | 1 | Aultman Medical | NAP | NAP | NAP | NAP | 8/25/2021 | NAP | 8/25/2021 | NAP | NAP | No | |
30.03 | Property | 1 | FedEx Express | NAP | NAP | NAP | NAP | 8/26/2021 | NAP | 8/25/2021 | NAP | NAP | No | |
31 | Loan | 1 | Newberry Crossing | Looking Good | 3,150 | 2.7% | 1/31/2022 | 8/2/2021 | NAP | 8/2/2021 | NAP | NAP | No | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | |||||||||||
32.01 | Property | 1 | Forrestal Industrial Park | Roeder Industries | 3,500 | 6.7% | 12/31/2022 | 8/25/2021 | NAP | 8/25/2021 | NAP | NAP | No | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | NAP | NAP | NAP | NAP | 8/23/2021 | NAP | 8/24/2021 | NAP | NAP | No | |
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | NAP | NAP | NAP | 9/3/2021 | NAP | 9/7/2021 | NAP | NAP | Yes - AE | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | NAP | NAP | NAP | 8/27/2021 | NAP | 8/27/2021 | NAP | NAP | No | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | NAP | NAP | NAP | 8/8/2021 | NAP | 8/10/2021 | NAP | NAP | Yes - AE | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | |||||||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | NAP | NAP | NAP | NAP | 8/11/2021 | NAP | 8/11/2021 | NAP | NAP | No | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | NAP | NAP | NAP | NAP | 8/11/2021 | NAP | 8/12/2021 | NAP | NAP | No | |
37 | Loan | 1 | Madison Park | Diversified Automotive (Kevin Vest) | 2,880 | 7.2% | 7/31/2022 | 9/1/2021 | NAP | 9/1/2021 | 8/31/2021 | 16% | No | |
38 | Loan | 1 | Walgreens Ocala | NAP | NAP | NAP | NAP | 8/6/2021 | NAP | 8/9/2021 | NAP | NAP | No |
A-1-12
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) |
18 | 18 | 25 | ||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
3 | Loan | 1 | Townhouse on the Park | Fee | NAP | NAP | NAP | NAP | 101,486 | 50,743 | 0 | 9,702 | 0 | |
4 | Loan | 2, 26 | 1 | The Veranda | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 478,017 | 478,017 | 0 | Springing | 0 | |||||
5.01 | Property | 1 | 1100 First Street NE | Fee | NAP | NAP | NAP | NAP | ||||||
5.02 | Property | 1 | 820 First Street NE | Fee | NAP | NAP | NAP | NAP | ||||||
6 | Loan | 2 | 1 | 520 Almanor | Leasehold | 6/30/2116 | None | 1,510,968 | No | 0 | Springing | 0 | Springing | 0 |
7 | Loan | 1 | Valley Plaza | Fee | NAP | NAP | NAP | NAP | 75,487 | 75,487 | 3,850 | 57,352 | 0 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | Fee | NAP | NAP | NAP | NAP | 89,569 | 17,914 | 7,448 | 1,241 | 0 |
9 | Loan | 1 | Brush Factory Lofts | Fee | NAP | NAP | NAP | NAP | 30,972 | 3,441 | 45,634 | 4,149 | 0 | |
10 | Loan | 1 | Norcross Industrial Portfolio | Fee | NAP | NAP | NAP | NAP | 121,728 | 60,864 | 153,681 | 16,643 | 0 | |
11 | Loan | 28 | 1 | Wilmot Plaza | Fee | NAP | NAP | NAP | NAP | 25,963 | 25,963 | 5,054 | 5,054 | 1,744 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | Fee | NAP | NAP | NAP | NAP | 75,408 | 37,703 | 0 | Springing | 0 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | Fee | NAP | NAP | NAP | NAP | 171,815 | 24,285 | 0 | Springing | 0 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 219,067 | 22,621 | 0 | Springing | 0 | ||||||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | Fee | NAP | NAP | NAP | NAP | ||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | Fee | NAP | NAP | NAP | NAP | ||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | Fee | NAP | NAP | NAP | NAP | ||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | Fee / Leasehold | 3/31/2041 | 1, 29-year extension option | 12 | No | 469,292 | 52,144 | 0 | Springing | 0 |
16 | Loan | 2 | 1 | La Encantada | Fee | NAP | NAP | NAP | NAP | 469,915 | 68,011 | 18,270 | 18,270 | 0 |
17 | Loan | 1 | The Wolf Building | Fee | NAP | NAP | NAP | NAP | 144,190 | 18,024 | 102,238 | 8,520 | 0 | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | Fee | NAP | NAP | NAP | NAP | 0 | 17,079 | 31,168 | 31,168 | 2,162 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | Fee | NAP | NAP | NAP | NAP | 349,406 | 69,881 | 0 | Springing | 0 |
20 | Loan | 1 | Mansfield Commons | Fee | NAP | NAP | NAP | NAP | 102,532 | 102,532 | 0 | Springing | 0 | |
21 | Loan | 1 | Peachtree Corners I & II | Fee | NAP | NAP | NAP | NAP | 0 | 11,247 | 0 | Springing | 195,877 | |
22 | Loan | 1 | 144 Bleecker Street | Fee | NAP | NAP | NAP | NAP | 0 | 4,838 | 7,574 | 852 | 0 | |
23 | Loan | 29 | 1 | 31 Bond Street | Fee | NAP | NAP | NAP | NAP | 106,368 | 17,728 | 12,955 | 1,439 | 0 |
24 | Loan | 1 | Corinth Distribution Center | Fee | NAP | NAP | NAP | NAP | 203,008 | 18,455 | 0 | Springing | 0 | |
25 | Loan | 1 | Village at Double Diamond | Fee | NAP | NAP | NAP | NAP | 27,330 | 9,110 | 0 | Springing | 0 | |
26 | Loan | 28 | 1 | 450 Post Road East | Fee | NAP | NAP | NAP | NAP | 20,863 | 10,432 | 0 | Springing | 0 |
27 | Loan | 6 | Hirschfield NNN Portfolio | 0 | Springing | 0 | Springing | 511 | ||||||
27.01 | Property | 1 | 729 East Spaulding Avenue | Fee | NAP | NAP | NAP | NAP | ||||||
27.02 | Property | 1 | 5402 West Market Street | Fee | NAP | NAP | NAP | NAP | ||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | Fee | NAP | NAP | NAP | NAP | ||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | Fee | NAP | NAP | NAP | NAP | ||||||
27.05 | Property | 1 | 1112 Centre West Drive | Fee | NAP | NAP | NAP | NAP | ||||||
27.06 | Property | 1 | 7415 Brandt Pike | Fee | NAP | NAP | NAP | NAP | ||||||
28 | Loan | 1 | 536 West 29th Street | Fee | NAP | NAP | NAP | NAP | 15,514 | 5,171 | 7,654 | 3,827 | 107 | |
29 | Loan | 30 | 1 | CVS Wrigleyville | Fee | NAP | NAP | NAP | NAP | 0 | 0 | 0 | Springing | 0 |
30 | Loan | 3 | Omega Mixed Use Portfolio | 13,563 | 2,713 | 4,452 | 556 | 0 | ||||||
30.01 | Property | 1 | Windows, LLC | Fee | NAP | NAP | NAP | NAP | ||||||
30.02 | Property | 1 | Aultman Medical | Fee | NAP | NAP | NAP | NAP | ||||||
30.03 | Property | 1 | FedEx Express | Fee | NAP | NAP | NAP | NAP | ||||||
31 | Loan | 1 | Newberry Crossing | Fee | NAP | NAP | NAP | NAP | 190,098 | 15,841 | 8,779 | 4,389 | 0 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 51,681 | 7,383 | 6,522 | 3,261 | 190,550 | ||||||
32.01 | Property | 1 | Forrestal Industrial Park | Fee | NAP | NAP | NAP | NAP | ||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | Fee | NAP | NAP | NAP | NAP | ||||||
33 | Loan | 1 | 1523 Voorhies Avenue | Fee | NAP | NAP | NAP | NAP | 4,611 | 922 | 0 | Springing | 0 | |
34 | Loan | 1 | Hampton Inn Gretna | Fee | NAP | NAP | NAP | NAP | 24,259 | 4,852 | 3,372 | 1,686 | 0 | |
35 | Loan | 1 | Walgreens Fort Smith | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 981 | 490 | 0 | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 0 | Springing | 0 | Springing | 152,830 | ||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | Fee | NAP | NAP | NAP | NAP | ||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | Fee | NAP | NAP | NAP | NAP | ||||||
37 | Loan | 1 | Madison Park | Fee | NAP | NAP | NAP | NAP | 38,887 | 4,861 | 399 | 399 | 108,625 | |
38 | Loan | 1 | Walgreens Ocala | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
A-1-13
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
24, 25 | 24, 25 | 25 | 25 | 25 | |||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | Springing | 204,710 | 0 | Springing | 1,228,257 | 0 | 0 | 0 | 0 | 0 | 0 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 0 | 0 | 52,062,079 | Springing | 0 | 0 | 0 | 0 | 0 | 97,383,122 | 0 |
3 | Loan | 1 | Townhouse on the Park | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
4 | Loan | 2, 26 | 1 | The Veranda | 0 | 0 | 0 | Springing | 1,096,677 | 0 | 0 | 0 | 0 | 979,702 | 0 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 10,918 | 131,014 | 0 | 81,884 | 2,947,820 | 0 | 0 | 0 | 0 | 12,101,008 | 0 |
5.01 | Property | 1 | 1100 First Street NE | ||||||||||||
5.02 | Property | 1 | 820 First Street NE | ||||||||||||
6 | Loan | 2 | 1 | 520 Almanor | Springing | 0 | 0 | Springing | 0 | 600,000 | 0 | 0 | 0 | 0 | Springing |
7 | Loan | 1 | Valley Plaza | 2,588 | 93,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,754,700 | 0 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
9 | Loan | 1 | Brush Factory Lofts | 2,831 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
10 | Loan | 1 | Norcross Industrial Portfolio | 11,770 | 0 | 2,000,000 | Springing | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
11 | Loan | 28 | 1 | Wilmot Plaza | 1,744 | 0 | 23,247 | 23,247 | 0 | 0 | 0 | 0 | 0 | 198,386 | 0 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 5,855 | 210,000 | 0 | 31,228 | 1,112,000 | 0 | 0 | 0 | 0 | 1,550,426 | 20,833 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 24,273 | 582,558 | 0 | 32,364 | 1,165,115 | 0 | 0 | 0 | 0 | 2,089,418 | 0 |
14 | Loan | 3 | WoodSpring Suites Portfolio | 20,686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,400 | 0 | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | ||||||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | ||||||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | ||||||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 8,412 | 0 | 0 | Springing | 305,229 | 0 | 0 | 0 | 0 | 364,582 | 0 |
16 | Loan | 2 | 1 | La Encantada | 4,099 | 0 | 4,750,000 | Springing | 2,000,000 | 0 | 0 | 0 | 625,845 | 729,544 | 0 |
17 | Loan | 1 | The Wolf Building | 2,671 | 64,109 | 0 | 10,972 | 263,316 | 0 | 0 | 0 | 0 | 350,000 | 0 | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 2,162 | 0 | 14,411 | 14,411 | 691,748 | 0 | 0 | 0 | 0 | 2,519,550 | 0 |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 4,242 | 0 | 1,000,000 | Springing | 350,000 | 0 | 0 | 0 | 62,188 | 67,500 | 0 |
20 | Loan | 1 | Mansfield Commons | 7,708 | 277,487 | 0 | 8,388 | 500,000 | 0 | 0 | 0 | 0 | 271,525 | 0 | |
21 | Loan | 1 | Peachtree Corners I & II | 2,040 | 0 | 1,250,000 | Springing | 600,000 | 0 | 0 | 0 | 62,950 | 3,147,194 | 0 | |
22 | Loan | 1 | 144 Bleecker Street | Springing | 13,900 | 0 | 0 | 0 | 0 | 0 | 0 | 3,410 | 500,000 | 0 | |
23 | Loan | 29 | 1 | 31 Bond Street | 297 | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
24 | Loan | 1 | Corinth Distribution Center | 2,450 | 0 | 0 | 3,675 | 0 | 0 | 0 | 0 | 45,375 | 0 | 0 | |
25 | Loan | 1 | Village at Double Diamond | 966 | 23,193 | 30,600 | 7,248 | 173,949 | 0 | 0 | 0 | 0 | 0 | 0 | |
26 | Loan | 28 | 1 | 450 Post Road East | 596 | 0 | 0 | 52,628 | 947,310 | 0 | 0 | 0 | 0 | 1,000,000 | 0 |
27 | Loan | 6 | Hirschfield NNN Portfolio | 511 | 18,410 | 3,409 | 3,409 | 204,555 | 0 | 0 | 0 | 0 | 25,585 | 0 | |
27.01 | Property | 1 | 729 East Spaulding Avenue | ||||||||||||
27.02 | Property | 1 | 5402 West Market Street | ||||||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | ||||||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | ||||||||||||
27.05 | Property | 1 | 1112 Centre West Drive | ||||||||||||
27.06 | Property | 1 | 7415 Brandt Pike | ||||||||||||
28 | Loan | 1 | 536 West 29th Street | 107 | 0 | 533 | 533 | 19,188 | 0 | 0 | 0 | 8,625 | 500,000 | 0 | |
29 | Loan | 30 | 1 | CVS Wrigleyville | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
30 | Loan | 3 | Omega Mixed Use Portfolio | 3,427 | 0 | 0 | 1,869 | 0 | 0 | 0 | 0 | 16,063 | 0 | 0 | |
30.01 | Property | 1 | Windows, LLC | ||||||||||||
30.02 | Property | 1 | Aultman Medical | ||||||||||||
30.03 | Property | 1 | FedEx Express | ||||||||||||
31 | Loan | 1 | Newberry Crossing | 1,912 | 0 | 0 | 9,558 | 500,000 | 0 | 0 | 0 | 0 | 123,000 | 0 | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 543 | 0 | 156,327 | 3,809 | 0 | 0 | 0 | 0 | 0 | 188,762 | 0 | |
32.01 | Property | 1 | Forrestal Industrial Park | ||||||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | ||||||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | 502 | 0 | 0 | 2,058 | 123,455 | 0 | 0 | 0 | 2,500 | 0 | 0 | |
34 | Loan | 1 | Hampton Inn Gretna | 4% of Gross Revenue | 0 | 0 | 0 | 0 | 300,587 | 0 | 0 | 0 | 0 | 0 | |
35 | Loan | 1 | Walgreens Fort Smith | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 363 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 108,944 | 0 | 0 | |
36.01 | Property | 1 | Walgreens - West Palm, FL | ||||||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | ||||||||||||
37 | Loan | 1 | Madison Park | 333 | 0 | 125,000 | Springing | 125,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
38 | Loan | 1 | Walgreens Ocala | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-14
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | Base Building Work Reserve (Upfront: 86,650,891), Aventis Rent Reserve (Upfront: 10,732,230.67) |
3 | Loan | 1 | Townhouse on the Park | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | Outstanding TI Reserve |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | Unfunded Obligations Reserve |
5.01 | Property | 1 | 1100 First Street NE | ||
5.02 | Property | 1 | 820 First Street NE | ||
6 | Loan | 2 | 1 | 520 Almanor | Ground Rent Reserve (Monthly: Springing) |
7 | Loan | 1 | Valley Plaza | Unfunded Obligations Reserve | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | Dick’s Reserve Fund (Upfront: $174,386), Free Rent Reserve (Upfront: $24,000) |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | Unfunded Obligations Reserve (Upfront: $1,046,674.18), Rollover Reserve (Upfront: $500,000; Monthly: $20,833.33; Cap: $1,000,000), Ground Rent Reserve (Upfront: $3,751.67; Monthly: Springing) |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | Roof Replacement Reserve (Upfront: $1,815,000); Leveler Installation Reserve (Upfront: $227,700); Vapor Intrusion Mitigation System Work Reserve (Upfront: $46,717.95) |
14 | Loan | 3 | WoodSpring Suites Portfolio | PIP Reserve | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | ||
14.02 | Property | 1 | WoodSpring Suites Arnold | ||
14.03 | Property | 1 | WoodSpring Suites St. Charles | ||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | Unfunded Obligations Reserve (Upfront: $333,450), Gap Rent Reserve (Upfront: $31,132) |
16 | Loan | 2 | 1 | La Encantada | Unfunded Obligations Reserve |
17 | Loan | 1 | The Wolf Building | Renovation Work Reserve | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | ACME Reserve (Upfront: $2,500,000), Outstanding TI/LC Reserve (Upfront: $19,550.28) |
19 | Loan | 26 | 1 | Eltingville Shopping Center | Certificate of Occupancy Reserve (Upfront: $37,500), Gap Rent Reserve (Upfront: $30,000), |
20 | Loan | 1 | Mansfield Commons | Free Rent Reserve (Upfront: $171,525), Unfunded Obligations Reserve (Upfront: $100,000) | |
21 | Loan | 1 | Peachtree Corners I & II | Free Rent Reserve (Upfront: $717,668.70), Outstanding TI Reserve (Upfront: $2,429,525.26) | |
22 | Loan | 1 | 144 Bleecker Street | 421a Property Tax Abatement Reserve | |
23 | Loan | 29 | 1 | 31 Bond Street | NAP |
24 | Loan | 1 | Corinth Distribution Center | NAP | |
25 | Loan | 1 | Village at Double Diamond | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | Free Rent Reserve |
27 | Loan | 6 | Hirschfield NNN Portfolio | Free Rent Reserve (Upfront: $18,585), Outstanding TI Reserve (Upfront: $7,000) | |
27.01 | Property | 1 | 729 East Spaulding Avenue | ||
27.02 | Property | 1 | 5402 West Market Street | ||
27.03 | Property | 1 | 17061 North Avenue of the Arts | ||
27.04 | Property | 1 | 6320 Wedgewood Road North | ||
27.05 | Property | 1 | 1112 Centre West Drive | ||
27.06 | Property | 1 | 7415 Brandt Pike | ||
28 | Loan | 1 | 536 West 29th Street | Outstanding CapEx Reserve | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAP | |
30.01 | Property | 1 | Windows, LLC | ||
30.02 | Property | 1 | Aultman Medical | ||
30.03 | Property | 1 | FedEx Express | ||
31 | Loan | 1 | Newberry Crossing | TJ Max HVAC Rollover Reserve (Upfront: $120,000); Makeup by Minoo Rollover Reserve (Upfront: $3,000) | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | Unfunded Obligations Reserve (Upfront: $182,492.18), Free Rent Reserve (Upfront: $6,270) | |
32.01 | Property | 1 | Forrestal Industrial Park | ||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | ||
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | ||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | ||
37 | Loan | 1 | Madison Park | NAP | |
38 | Loan | 1 | Walgreens Ocala | NAP |
A-1-15
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) |
25 | 9 | 10 | ||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 95,000,000 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 94,000,000 |
3 | Loan | 1 | Townhouse on the Park | 0 | 0 | NAP | Springing | Springing | No | No | No | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 70,000,000 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 65,000,000 |
5.01 | Property | 1 | 1100 First Street NE | |||||||||||
5.02 | Property | 1 | 820 First Street NE | |||||||||||
6 | Loan | 2 | 1 | 520 Almanor | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 51,600,000 |
7 | Loan | 1 | Valley Plaza | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 0 | 0 | NAP | Hard | Springing | No | Yes | No | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | 0 | 0 | NAP | Hard | In Place | Yes | Yes | No | NAP | NAP |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 1,000,000 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 27,878,213 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP |
14 | Loan | 3 | WoodSpring Suites Portfolio | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | |||||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | |||||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | |||||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 20,000,000 |
16 | Loan | 2 | 1 | La Encantada | 0 | 0 | NAP | Hard | In Place | Yes | No | Yes | No | 20,000,000 |
17 | Loan | 1 | The Wolf Building | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
19 | Loan | 26 | 1 | Eltingville Shopping Center | 0 | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP |
20 | Loan | 1 | Mansfield Commons | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | |
21 | Loan | 1 | Peachtree Corners I & II | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
22 | Loan | 1 | 144 Bleecker Street | 2,000,000 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
24 | Loan | 1 | Corinth Distribution Center | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
25 | Loan | 1 | Village at Double Diamond | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | |
27.01 | Property | 1 | 729 East Spaulding Avenue | |||||||||||
27.02 | Property | 1 | 5402 West Market Street | |||||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | |||||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | |||||||||||
27.05 | Property | 1 | 1112 Centre West Drive | |||||||||||
27.06 | Property | 1 | 7415 Brandt Pike | |||||||||||
28 | Loan | 1 | 536 West 29th Street | 0 | 0 | NAP | Hard | Springing | No | Yes | No | NAP | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
30.01 | Property | 1 | Windows, LLC | |||||||||||
30.02 | Property | 1 | Aultman Medical | |||||||||||
30.03 | Property | 1 | FedEx Express | |||||||||||
31 | Loan | 1 | Newberry Crossing | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
32.01 | Property | 1 | Forrestal Industrial Park | |||||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | |||||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | |||||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | |||||||||||
37 | Loan | 1 | Madison Park | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | |
38 | Loan | 1 | Walgreens Ocala | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
A-1-16
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 204,300,000 | 464,764.77 | 680,881.52 | 114,700,000 | 2.69250% | 414,000,000 | 941,814.06 | 50.0% |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 720,000,000 | 1,698,466.67 | 1,920,210.93 | 411,000,000 | 2.79200% | 1,225,000,000 | 2,889,752.32 | 62.7% |
3 | Loan | 1 | Townhouse on the Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 30,000,000 | 75,788.19 | 252,627.31 | NAP | NAP | 100,000,000 | 252,627.31 | 50.7% |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 146,000,000 | 370,377.84 | 535,272.08 | NAP | NAP | 211,000,000 | 535,272.08 | 63.6% |
5.01 | Property | 1 | 1100 First Street NE | |||||||||
5.02 | Property | 1 | 820 First Street NE | |||||||||
6 | Loan | 2 | 1 | 520 Almanor | 50,000,000 | 107,936.92 | 219,327.82 | NAP | NAP | 101,600,000 | 219,327.82 | 40.0% |
7 | Loan | 1 | Valley Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 18,917,359 | 87,668.84 | 216,865.02 | NAP | NAP | 46,795,572 | 216,865.02 | 68.3% |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3 | WoodSpring Suites Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | |||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | |||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | |||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 70,000,000 | 206,410.88 | 265,385.42 | NAP | NAP | 90,000,000 | 265,385.42 | 54.9% |
16 | Loan | 2 | 1 | La Encantada | 82,000,000 | 232,858.17 | 289,652.85 | NAP | NAP | 102,000,000 | 289,652.85 | 58.7% |
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 26 | 1 | Eltingville Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 1 | Mansfield Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21 | Loan | 1 | Peachtree Corners I & II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 1 | Corinth Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | Village at Double Diamond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.01 | Property | 1 | 729 East Spaulding Avenue | |||||||||
27.02 | Property | 1 | 5402 West Market Street | |||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | |||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | |||||||||
27.05 | Property | 1 | 1112 Centre West Drive | |||||||||
27.06 | Property | 1 | 7415 Brandt Pike | |||||||||
28 | Loan | 1 | 536 West 29th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.01 | Property | 1 | Windows, LLC | |||||||||
30.02 | Property | 1 | Aultman Medical | |||||||||
30.03 | Property | 1 | FedEx Express | |||||||||
31 | Loan | 1 | Newberry Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32.01 | Property | 1 | Forrestal Industrial Park | |||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | |||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | |||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | |||||||||
37 | Loan | 1 | Madison Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38 | Loan | 1 | Walgreens Ocala | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-17
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 2.63 | 7.4% | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 2.32 | 6.6% | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1 | Townhouse on the Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 3.41 | 10.6% | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 2.87 | 9.4% | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | 1 | 1100 First Street NE | |||||||||
5.02 | Property | 1 | 820 First Street NE | |||||||||
6 | Loan | 2 | 1 | 520 Almanor | 5.00 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 1 | Valley Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | NAP | NAP | 4,000,000 | 11.50000% | 34,000,000 | 180,486.54 | 73.9% | 1.39 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 1.42 | 8.6% | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3 | WoodSpring Suites Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | |||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | |||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | |||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 2.37 | 8.9% | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2 | 1 | La Encantada | 2.70 | 9.3% | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 26 | 1 | Eltingville Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 1 | Mansfield Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21 | Loan | 1 | Peachtree Corners I & II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 1 | Corinth Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | Village at Double Diamond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | NAP | NAP | 2,000,000 | 6.00000% | 11,555,000 | 42,027.60 | 74.1% | 1.61 |
27 | Loan | 6 | Hirschfield NNN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.01 | Property | 1 | 729 East Spaulding Avenue | |||||||||
27.02 | Property | 1 | 5402 West Market Street | |||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | |||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | |||||||||
27.05 | Property | 1 | 1112 Centre West Drive | |||||||||
27.06 | Property | 1 | 7415 Brandt Pike | |||||||||
28 | Loan | 1 | 536 West 29th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.01 | Property | 1 | Windows, LLC | |||||||||
30.02 | Property | 1 | Aultman Medical | |||||||||
30.03 | Property | 1 | FedEx Express | |||||||||
31 | Loan | 1 | Newberry Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32.01 | Property | 1 | Forrestal Industrial Park | |||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | |||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | |||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | |||||||||
37 | Loan | 1 | Madison Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38 | Loan | 1 | Walgreens Ocala | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-18
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAP | No | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAP | No | NAP |
3 | Loan | 1 | Townhouse on the Park | NAP | No | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | NAP | No | NAP |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | NAP | No | NAP |
5.01 | Property | 1 | 1100 First Street NE | ||||
5.02 | Property | 1 | 820 First Street NE | ||||
6 | Loan | 2 | 1 | 520 Almanor | NAP | No | NAP |
7 | Loan | 1 | Valley Plaza | NAP | No | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | No | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | No | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | NAP | No | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | 9.3% | No | NAP |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | NAP | No | NAP |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | NAP | No | NAP |
14 | Loan | 3 | WoodSpring Suites Portfolio | NAP | No | NAP | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | ||||
14.02 | Property | 1 | WoodSpring Suites Arnold | ||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | ||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | NAP | No | NAP |
16 | Loan | 2 | 1 | La Encantada | NAP | No | NAP |
17 | Loan | 1 | The Wolf Building | NAP | No | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | NAP | No | NAP |
19 | Loan | 26 | 1 | Eltingville Shopping Center | NAP | No | NAP |
20 | Loan | 1 | Mansfield Commons | NAP | No | NAP | |
21 | Loan | 1 | Peachtree Corners I & II | NAP | No | NAP | |
22 | Loan | 1 | 144 Bleecker Street | NAP | No | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | NAP | Yes | Subordinate Mezzanine (Max Combined LTV of 55.0%; Min Combined DY of 7.50%; Intercreditor Agreement is required) |
24 | Loan | 1 | Corinth Distribution Center | NAP | No | NAP | |
25 | Loan | 1 | Village at Double Diamond | NAP | No | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | 7.5% | No | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | NAP | No | NAP | |
27.01 | Property | 1 | 729 East Spaulding Avenue | ||||
27.02 | Property | 1 | 5402 West Market Street | ||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | ||||
27.04 | Property | 1 | 6320 Wedgewood Road North | ||||
27.05 | Property | 1 | 1112 Centre West Drive | ||||
27.06 | Property | 1 | 7415 Brandt Pike | ||||
28 | Loan | 1 | 536 West 29th Street | NAP | No | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | No | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAP | No | NAP | |
30.01 | Property | 1 | Windows, LLC | ||||
30.02 | Property | 1 | Aultman Medical | ||||
30.03 | Property | 1 | FedEx Express | ||||
31 | Loan | 1 | Newberry Crossing | NAP | No | NAP | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAP | No | NAP | |
32.01 | Property | 1 | Forrestal Industrial Park | ||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | ||||
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | No | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | NAP | No | NAP | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | No | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAP | No | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | ||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | ||||
37 | Loan | 1 | Madison Park | NAP | No | NAP | |
38 | Loan | 1 | Walgreens Ocala | NAP | No | NAP |
A-1-19
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor |
23 | |||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | MetLife, Inc. or Metropolitan Life Insurance Company and Norges Bank |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | DivcoWest; California State Teachers’ Retirement System; Teacher Retirement System of Texas |
3 | Loan | 1 | Townhouse on the Park | GDC Properties | |
4 | Loan | 2, 26 | 1 | The Veranda | California State Teachers Retirement System; CenterCal, LLC |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | UNIZO Holdings, U.S., LLC |
5.01 | Property | 1 | 1100 First Street NE | ||
5.02 | Property | 1 | 820 First Street NE | ||
6 | Loan | 2 | 1 | 520 Almanor | TechCore, LLC |
7 | Loan | 1 | Valley Plaza | Christopher Shane and Christopher Shane, as Trustee of The Christopher Donaldson Shane 2005 Living Trust as amended and restated May 28, 2009 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | Wildflower LTD III LLC |
9 | Loan | 1 | Brush Factory Lofts | Anthony M. Rufo | |
10 | Loan | 1 | Norcross Industrial Portfolio | Daniel L. Rosenfield | |
11 | Loan | 28 | 1 | Wilmot Plaza | DSW Commercial Real Estate, LLC |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | Steven B. Wolfson and Milton S. Schneider |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | Kenneth Levy |
14 | Loan | 3 | WoodSpring Suites Portfolio | Richard D. Squires | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | ||
14.02 | Property | 1 | WoodSpring Suites Arnold | ||
14.03 | Property | 1 | WoodSpring Suites St. Charles | ||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | Harbor Trading USA and Rubin Pachulski Properties 36, LLC |
16 | Loan | 2 | 1 | La Encantada | Town West Realty, Inc., Iridius Capital LLC and HSL Properties, Inc. |
17 | Loan | 1 | The Wolf Building | Gary Reisner | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | Six Plus Management Company, Inc. |
19 | Loan | 26 | 1 | Eltingville Shopping Center | Joshua L. Muss |
20 | Loan | 1 | Mansfield Commons | RCB Properties L.P. | |
21 | Loan | 1 | Peachtree Corners I & II | TCM Peachtree LLC, Somerset Real Estate Opportunity Fund II, L.P. and Benjamin M. Adams | |
22 | Loan | 1 | 144 Bleecker Street | Abraham Grunhut and Simon Kaufman | |
23 | Loan | 29 | 1 | 31 Bond Street | Arbor Trust, Eight Lights Investment Management Limited and Four Lights LLC |
24 | Loan | 1 | Corinth Distribution Center | Olymbec USA LLC | |
25 | Loan | 1 | Village at Double Diamond | Alexander T. Zirpolo | |
26 | Loan | 28 | 1 | 450 Post Road East | Waterway Family Funds LLC |
27 | Loan | 6 | Hirschfield NNN Portfolio | ELH Mgmt. LLC | |
27.01 | Property | 1 | 729 East Spaulding Avenue | ||
27.02 | Property | 1 | 5402 West Market Street | ||
27.03 | Property | 1 | 17061 North Avenue of the Arts | ||
27.04 | Property | 1 | 6320 Wedgewood Road North | ||
27.05 | Property | 1 | 1112 Centre West Drive | ||
27.06 | Property | 1 | 7415 Brandt Pike | ||
28 | Loan | 1 | 536 West 29th Street | Paul B. Prager and Nazar M. Khan | |
29 | Loan | 30 | 1 | CVS Wrigleyville | Falcon Real Estate Investment Management |
30 | Loan | 3 | Omega Mixed Use Portfolio | Edward Natan and Asher Hyman | |
30.01 | Property | 1 | Windows, LLC | ||
30.02 | Property | 1 | Aultman Medical | ||
30.03 | Property | 1 | FedEx Express | ||
31 | Loan | 1 | Newberry Crossing | Solomon Mizrahi and Ruth Mizrahi | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | Bijan Elahi and Roy Ghazimorad | |
32.01 | Property | 1 | Forrestal Industrial Park | ||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | ||
33 | Loan | 1 | 1523 Voorhies Avenue | Elliot Meisenberg | |
34 | Loan | 1 | Hampton Inn Gretna | Nirav Mehta | |
35 | Loan | 1 | Walgreens Fort Smith | Constance Cincotta | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | Judit Serfecz | |
36.01 | Property | 1 | Walgreens - West Palm, FL | ||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | ||
37 | Loan | 1 | Madison Park | Bradley A. Wayne | |
38 | Loan | 1 | Walgreens Ocala | John V. Soojian |
A-1-20
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAP |
3 | Loan | 1 | Townhouse on the Park | Samuel Ginsburg | |
4 | Loan | 2, 26 | 1 | The Veranda | NAP |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | UNIZO Holdings, U.S., LLC |
5.01 | Property | 1 | 1100 First Street NE | ||
5.02 | Property | 1 | 820 First Street NE | ||
6 | Loan | 2 | 1 | 520 Almanor | Techcore, LLC |
7 | Loan | 1 | Valley Plaza | Christopher Shane and Christopher Shane, as Trustee of The Christopher Donaldson Shane 2005 Living Trust as amended and restated May 28, 2009 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | Matthew A. Dicker and Adam I Gordon |
9 | Loan | 1 | Brush Factory Lofts | Anthony M. Rufo | |
10 | Loan | 1 | Norcross Industrial Portfolio | Daniel L. Rosenfield | |
11 | Loan | 28 | 1 | Wilmot Plaza | Iridius Capital LLC |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | Steven B. Wolfson and Milton S. Schneider |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | Kenneth Levy |
14 | Loan | 3 | WoodSpring Suites Portfolio | Richard D. Squires | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | ||
14.02 | Property | 1 | WoodSpring Suites Arnold | ||
14.03 | Property | 1 | WoodSpring Suites St. Charles | ||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | Harbor Trading USA and Rubin Pachulski Properties 36, LLC |
16 | Loan | 2 | 1 | La Encantada | Town West Realty, Inc., Iridius Capital LLC and HSL Properties, Inc. |
17 | Loan | 1 | The Wolf Building | Gary Reisner | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Eugene E. Weymouth; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Knox S. Weymouth; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Mccoy D. Weymouth; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Deo Du Pont Hobbs; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Margaret H. Swanson; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Andrew G.P. Hobbs Jr.; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO George W. Hobbs; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Samuel S. Hobbs |
19 | Loan | 26 | 1 | Eltingville Shopping Center | Joshua L. Muss |
20 | Loan | 1 | Mansfield Commons | RCB Properties L.P. | |
21 | Loan | 1 | Peachtree Corners I & II | TCM Peachtree LLC, Somerset Real Estate Opportunity Fund II, L.P. and Benjamin M. Adams | |
22 | Loan | 1 | 144 Bleecker Street | Abraham Grunhut and Simon Kaufman | |
23 | Loan | 29 | 1 | 31 Bond Street | Arbor Trust, Eight Lights Investment Management Limited and Four Lights LLC |
24 | Loan | 1 | Corinth Distribution Center | Olymbec USA LLC | |
25 | Loan | 1 | Village at Double Diamond | Alexander T. Zirpolo | |
26 | Loan | 28 | 1 | 450 Post Road East | COF Real Estate Investments, LLC and Waterway Family Funds LLC |
27 | Loan | 6 | Hirschfield NNN Portfolio | Larry E. Hirschfield | |
27.01 | Property | 1 | 729 East Spaulding Avenue | ||
27.02 | Property | 1 | 5402 West Market Street | ||
27.03 | Property | 1 | 17061 North Avenue of the Arts | ||
27.04 | Property | 1 | 6320 Wedgewood Road North | ||
27.05 | Property | 1 | 1112 Centre West Drive | ||
27.06 | Property | 1 | 7415 Brandt Pike | ||
28 | Loan | 1 | 536 West 29th Street | Paul B. Prager and Nazar M. Khan | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | Edward Natan and Asher Hyman | |
30.01 | Property | 1 | Windows, LLC | ||
30.02 | Property | 1 | Aultman Medical | ||
30.03 | Property | 1 | FedEx Express | ||
31 | Loan | 1 | Newberry Crossing | Solomon Mizrahi and Ruth Mizrahi | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | Bijan Elahi and Roy Ghazimorad | |
32.01 | Property | 1 | Forrestal Industrial Park | ||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | ||
33 | Loan | 1 | 1523 Voorhies Avenue | Elliot Meisenberg | |
34 | Loan | 1 | Hampton Inn Gretna | Nirav Mehta | |
35 | Loan | 1 | Walgreens Fort Smith | Constance Cincotta | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | Judit Serfecz | |
36.01 | Property | 1 | Walgreens - West Palm, FL | ||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | ||
37 | Loan | 1 | Madison Park | Bradley A. Wayne | |
38 | Loan | 1 | Walgreens Ocala | John V. Soojian |
A-1-21
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal’s New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) |
35 | ||||||||||||||
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | No | No | Acquisition | No | 299,300,000 | 413,796,468 | 114,700,000 | 0 | 827,796,468 | 0 |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | No | No | Refinance | No | 814,000,000 | 0 | 411,000,000 | 0 | 1,225,000,000 | 617,846,136 |
3 | Loan | 1 | Townhouse on the Park | No | No | Refinance | No | 77,900,000 | 0 | 0 | 0 | 77,900,000 | 76,448,510 | |
4 | Loan | 2, 26 | 1 | The Veranda | No | No | Refinance | No | 100,000,000 | 0 | 0 | 0 | 100,000,000 | 90,496,593 |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | No | No | Recapitalization | 211,000,000 | 0 | 0 | 0 | 211,000,000 | 0 | |
5.01 | Property | 1 | 1100 First Street NE | No | ||||||||||
5.02 | Property | 1 | 820 First Street NE | No | ||||||||||
6 | Loan | 2 | 1 | 520 Almanor | No | No | Acquisition | No | 101,600,000 | 155,208,429 | 0 | 0 | 256,808,429 | 0 |
7 | Loan | 1 | Valley Plaza | No | No | Refinance | Yes | 38,900,000 | 196,192 | 0 | 0 | 39,096,192 | 36,115,382 | |
8 | Loan | 14 | 1 | Amazon Hunts Point | No | No | Refinance | Yes | 34,700,000 | 0 | 0 | 0 | 34,700,000 | 32,036,415 |
9 | Loan | 1 | Brush Factory Lofts | No | No | Refinance | No | 33,000,000 | 0 | 0 | 0 | 33,000,000 | 30,164,045 | |
10 | Loan | 1 | Norcross Industrial Portfolio | No | No | Refinance | No | 31,500,000 | 0 | 0 | 0 | 31,500,000 | 27,174,280 | |
11 | Loan | 28 | 1 | Wilmot Plaza | No | No | Recapitalization | No | 30,000,000 | 4,679,245 | 4,000,000 | 0 | 38,679,245 | 27,804,790 |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | No | No | Refinance | No | 47,000,000 | 1,028,175 | 0 | 0 | 48,028,175 | 46,251,631 |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | No | No | Acquisition | No | 26,625,000 | 11,998,348 | 0 | 0 | 38,623,348 | 0 |
14 | Loan | 3 | WoodSpring Suites Portfolio | No | No | Refinance/Acquisition | 20,500,000 | 0 | 0 | 0 | 20,500,000 | 5,932,639 | ||
14.01 | Property | 1 | WoodSpring Suites Bakersfield | No | ||||||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | No | ||||||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | No | ||||||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | No | No | Refinance | No | 90,000,000 | 0 | 0 | 0 | 90,000,000 | 63,286,119 |
16 | Loan | 2 | 1 | La Encantada | No | Yes | Acquisition | No | ||||||
17 | Loan | 1 | The Wolf Building | No | No | Refinance | No | |||||||
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | No | No | Refinance | No | ||||||
19 | Loan | 26 | 1 | Eltingville Shopping Center | No | No | Refinance | No | ||||||
20 | Loan | 1 | Mansfield Commons | No | No | Refinance | No | |||||||
21 | Loan | 1 | Peachtree Corners I & II | No | No | Acquisition | No | |||||||
22 | Loan | 1 | 144 Bleecker Street | No | No | Refinance | Yes | |||||||
23 | Loan | 29 | 1 | 31 Bond Street | No | No | Recapitalization | No | ||||||
24 | Loan | 1 | Corinth Distribution Center | No | No | Acquisition | Yes | |||||||
25 | Loan | 1 | Village at Double Diamond | No | Yes | Acquisition | No | |||||||
26 | Loan | 28 | 1 | 450 Post Road East | No | No | Acquisition | No | ||||||
27 | Loan | 6 | Hirschfield NNN Portfolio | No | Yes | Refinance | ||||||||
27.01 | Property | 1 | 729 East Spaulding Avenue | No | ||||||||||
27.02 | Property | 1 | 5402 West Market Street | No | ||||||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | No | ||||||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | No | ||||||||||
27.05 | Property | 1 | 1112 Centre West Drive | No | ||||||||||
27.06 | Property | 1 | 7415 Brandt Pike | No | ||||||||||
28 | Loan | 1 | 536 West 29th Street | No | No | Acquisition | No | |||||||
29 | Loan | 30 | 1 | CVS Wrigleyville | No | No | Acquisition | No | ||||||
30 | Loan | 3 | Omega Mixed Use Portfolio | No | No | Acquisition | ||||||||
30.01 | Property | 1 | Windows, LLC | No | ||||||||||
30.02 | Property | 1 | Aultman Medical | No | ||||||||||
30.03 | Property | 1 | FedEx Express | No | ||||||||||
31 | Loan | 1 | Newberry Crossing | No | No | Acquisition | No | |||||||
32 | Loan | 2 | Forrestal & Cicero Portfolio | No | No | Acquisition | ||||||||
32.01 | Property | 1 | Forrestal Industrial Park | No | ||||||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | No | ||||||||||
33 | Loan | 1 | 1523 Voorhies Avenue | No | No | Refinance | No | |||||||
34 | Loan | 1 | Hampton Inn Gretna | No | No | Refinance | No | |||||||
35 | Loan | 1 | Walgreens Fort Smith | No | No | Acquisition | No | |||||||
36 | Loan | 2 | Walgreens FL & IL Portfolio | No | No | Refinance | ||||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | No | ||||||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | No | ||||||||||
37 | Loan | 1 | Madison Park | No | No | Refinance | No | |||||||
38 | Loan | 1 | Walgreens Ocala | No | No | Acquisition | No |
A-1-22
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | 825,100,000 | 2,696,468 | 0 | 0 | 0 | 827,796,468 | NAP | NAP | NAP | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | 0 | 5,768,900 | 149,445,201 | 451,939,763 | 0 | 1,225,000,000 | NAP | NAP | NAP | NAP |
3 | Loan | 1 | Townhouse on the Park | 0 | 776,115 | 101,486 | 573,889 | 0 | 77,900,000 | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | 0 | 683,632 | 979,702 | 7,840,074 | 0 | 100,000,000 | NAP | NAP | NAP | NAP |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | 0 | 7,201,821 | 12,579,025 | 191,219,155 | 0 | 211,000,000 | NAP | NAP | NAP | NAP |
5.01 | Property | 1 | 1100 First Street NE | NAP | NAP | NAP | NAP | |||||||
5.02 | Property | 1 | 820 First Street NE | NAP | NAP | NAP | NAP | |||||||
6 | Loan | 2 | 1 | 520 Almanor | 254,000,000 | 2,208,429 | 600,000 | 0 | 0 | 256,808,429 | NAP | NAP | NAP | NAP |
7 | Loan | 1 | Valley Plaza | 0 | 146,774 | 2,834,037 | 0 | 0 | 39,096,192 | NAP | NAP | NAP | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | 0 | 1,078,937 | 97,017 | 1,487,632 | 0 | 34,700,000 | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | 0 | 857,057 | 76,606 | 1,902,292 | 0 | 33,000,000 | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | 0 | 223,523 | 2,275,409 | 1,826,788 | 0 | 31,500,000 | NAP | NAP | NAP | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | 10,113,400 | 506,663 | 254,393 | 0 | 0 | 38,679,245 | NAP | NAP | NAP | NAP |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | 0 | 150,710 | 1,625,834 | 0 | 0 | 48,028,175 | NAP | NAP | NAP | NAP |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | 35,750,000 | 612,115 | 2,261,233 | 0 | 0 | 38,623,348 | NAP | NAP | NAP | NAP |
14 | Loan | 3 | WoodSpring Suites Portfolio | 13,750,000 | 177,559 | 269,467 | 370,334 | 0 | 20,500,000 | Various | 48.48 | 44.09 | 90.9% | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 10/4/2041 | 65.22 | 57.20 | 87.7% | |||||||
14.02 | Property | 1 | WoodSpring Suites Arnold | 7/30/2040 | 41.63 | 38.02 | 91.3% | |||||||
14.03 | Property | 1 | WoodSpring Suites St. Charles | 7/30/2040 | 39.54 | 37.09 | 93.8% | |||||||
15 | Loan | 2, 26 | 1 | Plaza La Cienega | 0 | 672,212 | 833,874 | 25,207,796 | 0 | 90,000,000 | NAP | NAP | NAP | NAP |
16 | Loan | 2 | 1 | La Encantada | NAP | NAP | NAP | NAP | ||||||
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | |||||||
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | NAP | NAP | NAP | NAP | ||||||
19 | Loan | 26 | 1 | Eltingville Shopping Center | NAP | NAP | NAP | NAP | ||||||
20 | Loan | 1 | Mansfield Commons | NAP | NAP | NAP | NAP | |||||||
21 | Loan | 1 | Peachtree Corners I & II | NAP | NAP | NAP | NAP | |||||||
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | |||||||
23 | Loan | 29 | 1 | 31 Bond Street | NAP | NAP | NAP | NAP | ||||||
24 | Loan | 1 | Corinth Distribution Center | NAP | NAP | NAP | NAP | |||||||
25 | Loan | 1 | Village at Double Diamond | NAP | NAP | NAP | NAP | |||||||
26 | Loan | 28 | 1 | 450 Post Road East | NAP | NAP | NAP | NAP | ||||||
27 | Loan | 6 | Hirschfield NNN Portfolio | NAP | NAP | NAP | NAP | |||||||
27.01 | Property | 1 | 729 East Spaulding Avenue | NAP | NAP | NAP | NAP | |||||||
27.02 | Property | 1 | 5402 West Market Street | NAP | NAP | NAP | NAP | |||||||
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAP | NAP | NAP | NAP | |||||||
27.04 | Property | 1 | 6320 Wedgewood Road North | NAP | NAP | NAP | NAP | |||||||
27.05 | Property | 1 | 1112 Centre West Drive | NAP | NAP | NAP | NAP | |||||||
27.06 | Property | 1 | 7415 Brandt Pike | NAP | NAP | NAP | NAP | |||||||
28 | Loan | 1 | 536 West 29th Street | NAP | NAP | NAP | NAP | |||||||
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | NAP | NAP | NAP | ||||||
30 | Loan | 3 | Omega Mixed Use Portfolio | NAP | NAP | NAP | NAP | |||||||
30.01 | Property | 1 | Windows, LLC | NAP | NAP | NAP | NAP | |||||||
30.02 | Property | 1 | Aultman Medical | NAP | NAP | NAP | NAP | |||||||
30.03 | Property | 1 | FedEx Express | NAP | NAP | NAP | NAP | |||||||
31 | Loan | 1 | Newberry Crossing | NAP | NAP | NAP | NAP | |||||||
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAP | NAP | NAP | NAP | |||||||
32.01 | Property | 1 | Forrestal Industrial Park | NAP | NAP | NAP | NAP | |||||||
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | NAP | NAP | NAP | NAP | |||||||
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | NAP | NAP | NAP | |||||||
34 | Loan | 1 | Hampton Inn Gretna | 6/30/2035 | 86.74 | 68.87 | 79.4% | |||||||
35 | Loan | 1 | Walgreens Fort Smith | NAP | NAP | NAP | NAP | |||||||
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAP | NAP | NAP | NAP | |||||||
36.01 | Property | 1 | Walgreens - West Palm, FL | NAP | NAP | NAP | NAP | |||||||
36.02 | Property | 1 | Walgreens - Carol Steam, IL | NAP | NAP | NAP | NAP | |||||||
37 | Loan | 1 | Madison Park | NAP | NAP | NAP | NAP | |||||||
38 | Loan | 1 | Walgreens Ocala | NAP | NAP | NAP | NAP |
A-1-23
Benchmark 2021-B30
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
1 | Loan | 2, 26, 27, 30 | 1 | One Memorial Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 2, 26, 27 | 1 | CX - 350 & 450 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1 | Townhouse on the Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 2, 26 | 1 | The Veranda | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2 | 2 | 1100 & 820 First Street NE | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | 1 | 1100 First Street NE | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.02 | Property | 1 | 820 First Street NE | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6 | Loan | 2 | 1 | 520 Almanor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 1 | Valley Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8 | Loan | 14 | 1 | Amazon Hunts Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1 | Brush Factory Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 1 | Norcross Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 28 | 1 | Wilmot Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 2 | 1 | Audubon Crossings & Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 19, 30 | 1 | Grand Rapids Commerce Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3 | WoodSpring Suites Portfolio | 48.48 | 44.09 | 90.9% | 45.11 | 36.04 | 79.9% | 44.66 | 34.36 | 76.9% | |
14.01 | Property | 1 | WoodSpring Suites Bakersfield | 65.22 | 57.20 | 87.7% | 55.64 | 45.90 | 82.5% | 53.32 | 44.09 | 82.7% | |
14.02 | Property | 1 | WoodSpring Suites Arnold | 41.63 | 38.02 | 91.3% | 39.35 | 27.79 | 70.6% | 40.74 | 29.43 | 72.2% | |
14.03 | Property | 1 | WoodSpring Suites St. Charles | 39.54 | 37.09 | 93.8% | 39.58 | 34.19 | 86.4% | 38.98 | 29.60 | 75.9% | |
15 | Loan | 2, 26 | 1 | Plaza La Cienega | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2 | 1 | La Encantada | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 1 | The Wolf Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Middletown Crossing Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 26 | 1 | Eltingville Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 1 | Mansfield Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21 | Loan | 1 | Peachtree Corners I & II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 1 | 144 Bleecker Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 29 | 1 | 31 Bond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 1 | Corinth Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | Village at Double Diamond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 28 | 1 | 450 Post Road East | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 6 | Hirschfield NNN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.01 | Property | 1 | 729 East Spaulding Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.02 | Property | 1 | 5402 West Market Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.03 | Property | 1 | 17061 North Avenue of the Arts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.04 | Property | 1 | 6320 Wedgewood Road North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.05 | Property | 1 | 1112 Centre West Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.06 | Property | 1 | 7415 Brandt Pike | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 1 | 536 West 29th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 30 | 1 | CVS Wrigleyville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 3 | Omega Mixed Use Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.01 | Property | 1 | Windows, LLC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.02 | Property | 1 | Aultman Medical | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.03 | Property | 1 | FedEx Express | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 1 | Newberry Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 2 | Forrestal & Cicero Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32.01 | Property | 1 | Forrestal Industrial Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32.02 | Property | 1 | 3312-3314 S. Cicero Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 1 | 1523 Voorhies Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 1 | Hampton Inn Gretna | 86.74 | 68.87 | 79.4% | NAV | NAV | NAV | NAV | NAV | NAV | |
35 | Loan | 1 | Walgreens Fort Smith | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 2 | Walgreens FL & IL Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36.01 | Property | 1 | Walgreens - West Palm, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36.02 | Property | 1 | Walgreens - Carol Steam, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 1 | Madison Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38 | Loan | 1 | Walgreens Ocala | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
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Footnotes to Annex A-1
(1) | GACC—German American Capital Corporation or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates. |
With respect to Loan No. 2, CX - 350 & 450 Water Street, the mortgage loan is part of a whole loan that was cooriginated by DBR Investments Co. Limited, JPMorgan Chase Bank, National Association, Bank of America, N.A. and 3650 Cal Bridge Lending, LLC. The CX - 350 & 450 Water Street Loan includes the $64.0 million Note A-1-3 as to which GACC is acting as mortgage loan seller and the $30.0 million Note A-3-2 as to which JPMCB is acting as the mortgage loan seller.
With respect to Loan No. 5, The 1100 & 820 First Street NE mortgage loan is part of a whole loan that was cooriginated by Barclays Capital Real Estate Inc. and Citi Real Estate Funding Inc.
(2) | With respect to the pari passu loans referenced below, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt. For additional information see the table titled “Whole Loan Control Notes and Non-Control Notes” under “Description of the Mortgage Pool—The Whole Loans—General” in this Preliminary Prospectus. |
• Loan No. 1 - One Memorial Drive
• Loan No. 2 - CX - 350 & 450 Water Street
• Loan No. 4 - The Veranda
• Loan No. 5 - 1100 & 820 First Street NE
• Loan No. 6 - 520 Almanor
• Loan No. 12 - Audubon Crossings & Commons
• Loan No. 15 - Plaza La Cienega
• Loan No. 16 - La Encantada
(3) | With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut-off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property. |
• Loan No. 5 - 1100 & 820 First Street NE
• Loan No. 14 - WoodSpring Suites Portfolio
• Loan No. 27 - Hirschfield NNN Portfolio
• Loan No. 30 - Omega Mixed Use Portfolio
• Loan No. 32 - Forrestal & Cicero Portfolio
• Loan No. 36 - Walgreens FL & IL Portfolio
(4) | With respect to Loan No. 2, CX - 350 & 450 Water Street, the Mortgaged Property includes (i) the 350 Water Street building (Parcel G), which is a laboratory building consisting of 511,157 sq. ft. and (i) the 450 Water building (Parcel H), which is a contemporary office building consisting of 404,076 sq. ft. |
With respect to Loan No. 8, Amazon Hunts Point, Total Sq. Ft. reflects square footage attributable to the parcel of land (including an outdoor parking facility and an approximately 2,800 square foot industrial building) which serves as collateral for the Amazon Hunts Point Mortgage Loan.
With respect to Loan No. 23, 31 Bond Street, the 31 Bond Street Mortgaged Property includes 2,897 sq. ft. of ground floor retail space.
(5) | With respect to Loan No. 1, One Memorial Drive, the Mortgaged Property is subject to a certain Notice of Activity and Use Limitation related to the presence of chlorinated volatile organic compounds previously detected in the groundwater underneath the Mortgaged Property. See “Description of the Mortgage Pool—Use Restrictions” and “—Environmental Considerations” in this Preliminary Prospectus for additional information. |
With respect to Loan No. 2, CX - 350 & 450 Water Street, the related ESA identified a REC at each of the two buildings comprising the Mortgaged Property in connection with residual subsurface impacts from historical
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releases of chemicals including volatile organic compounds, hydrocarbons and heavy metals. Remediation is ongoing, and once completed and filed, the Mortgaged Property will be subject to a certain Notice of Activity and Use Limitations. See “Description of the Mortgage Pool—Use Restrictions” and “—Environmental Considerations” in this Preliminary Prospectus for additional information.
With respect to Loan No. 22, 144 Bleecker Street, the Mortgage Loan documents require the borrower to diligently pursue enrollment of the 144 Bleecker Street Mortgaged Property in the 421a Property Tax Abatement program. The terms of this abatement are anticipated to require that eight multifamily apartment units be leased to tenants whose income does not exceed 130% of the area median income. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this Preliminary Prospectus for additional information.
With respect to Loan No. 23, 31 Bond Street, the Mortgaged Property is subject to the NoHo Historic District Extension Landmarks Preservation Commission. See “Description of the Mortgage Pool—Use Restrictions” in this Preliminary Prospectus for additional information.
(6) | With respect to Loan No. 2, CX - 350 & 450 Water Street, the CX - 350 & 450 Water Street Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of November 6, 2031 and a final maturity date of November 6, 2036. The initial interest rate for the CX - 350 & 450 Water Street Whole Loan is 2.79200% per annum. After the ARD, the interest rate will increase by 200 basis points over the greater of (x) 2.792000%, and (y) (1) the swap rate in effect on the ARD plus (2) 1.26000%. The metrics presented above are calculated based on the ARD. |
With respect to Loan No. 6, 520 Almanor, the Whole Loan is structured with an anticipated repayment date of November 6, 2031 (“ARD”) and final maturity date of June 6, 2034. The initial interest rate for the 520 Almanor Whole Loan is 2.55500% per annum. From and after the ARD, in the event the 520 Almanor Whole Loan is not paid-off on or before the ARD, the 520 Almanor Whole Loan will accrue interest at a fixed rate equal to the greater of (i) 5.05500% or (ii) the sum of (x) the 10-year swap rate plus (y) 3.38000%. The metrics presented above are calculated based on the ARD.
(7) | The Administrative Cost Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub-servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non-Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Preliminary Prospectus. |
(8) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments. |
(9) | “Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. |
“Soft Springing Hard” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into
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such lockbox account, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox.
(10) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents). |
(11) | With respect to Loan No. 9, Brush Factory Lofts, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Brush Factory Lofts Mortgaged Property can be attributed to recent leasing. |
With respect to Loan No. 10, Norcross Industrial Portfolio, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the fact that the most recent period reflects months impacted by the COVID-19 pandemic. In addition, Underwritten Net Operating Income ($) includes rent step credits of $96,792 and full credit for 10 new leases signed since August 2020, one of which was signed after the most recent period ending in July 2021 (Lifetouch; $82,619 in underwritten base rent).
With respect to Loan No. 12, Audubon Crossings & Commons, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the inclusion of base rent and reimbursements from three new signed leases (Octopharma, Affordable Care and Oak Street Health).
With respect to Loan No. 16, La Encantada, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the fact that the most recent period reflects months impacted by the COVID-19 pandemic. In addition, the Underwritten Net Operating Income ($) includes rent steps, improved sales and new leases signed.
With respect to Loan No. 17, The Wolf Building, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to recent leasing.
With respect to Loan No. 20, Mansfield Commons, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Mansfield Commons Mortgaged Property can be attributed to recent leasing.
With respect to Loan No. 21, Peachtree Corners I & II, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributed to the inclusion of base rent and reimbursement from two newly signed leases for the Largest Tenant, Technicolor Connected Home USA LLC, and the Fifth Largest Tenant, Broniec Associates, Inc.
With respect to Loan No. 31, Newberry Crossing, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributed to seven tenants that had rent and reimbursement income deferred or abated from 2 months to 9 months due to the COVID-19 Pandemic.
With respect to Loan No. 33, 1523 Voorhies Avenue: The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 1523 Voorhies Avenue Mortgaged Property can be attributed to recent leasing.
(12) | The grace periods noted under “Grace Period - Late Fee (Days)” and Grace Period - Default (Days) reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this Preliminary Prospectus. |
With respect to Loan No. 3, Townhouse on the Park, the Townhouse on the Park Mortgage Loan documents permit the borrower one five-day grace period with respect to the Monthly Debt Service ($) in any 12-month period for the incurrence of a late fee, provided the borrower has timely paid the Monthly Debt Service ($) when due for the preceding 12-month period.
With respect to Loan No. 14, WoodSpring Suites Portfolio, the WoodSpring Suites Portfolio Mortgage Loan documents provide the borrowers with one five-day grace period in which no late fee is required to be paid during the term of the loan for any payments due on a payment date, other than the payment due on the maturity date.
A-1-27
(13) | In certain cases, in addition to an “as-is” value, the appraisal states an “as complete”, “as-stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A-1 is the “as-is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut-off Date LTV Ratio was calculated using the related “as complete”, “as-stabilized” or “hypothetical” Appraised Values, as opposed to the “as-is” Appraised Values, each as set forth in the following table: |
Mortgage Loan | % of Initial Pool Balance | Mortgage Loan Cut-off Date LTV Ratio (Other Than “As-ls”) | Mortgage Loan LTV Ratio at Maturity (Other Than “Asis”) | Appraised Value (Other Than “Asis”} | Mortgage Loan Cut-off Date LTV Ratio (“Asis”) | Mortgage Loan LTV Ratio at Matu rity(“ As-ls ”) | Appraised Value (“As-ls”)(1) | |||||||
CX - 350 & 450 Water Street(1) | 9.9% | 41.7% | 41.7% | $1,954,000,000 | 45.8% | 45.8% | $1,778,000,000 | |||||||
520 Almanor(2) | 5.4% | 40.0% | 40.0% | $254,000,000 | 41.8% | 41.8% | $243,000,000 | |||||||
Amazon Hunts Pointf(3) | 3.6% | 59.8% | 59.8% | $58,000,000 | 60.9% | 60.9% | $57,000,000 | |||||||
144 Bleecker Street(4) | 1.4% | 68.3% | 68.3% | $18,900,000 | 69.0% | 69.0% | $18,700,000 | |||||||
Hirschfield NNN Portfolio(5) | 0.1% | 75.0% | 59.4% | $12,690,000 | 76.6% | 60.7% | $12,430,000 | |||||||
Forrestal & Cicero Portfolio(6) | 0.6% | 59.5% | 53.8% | $10,290,000 | 61.9% | 56.0% | $9,890,000 |
(1) | The “Prospective Market Value Upon Completion & Stabilization” appraised value of $1.954 billion as of April 1, 2023 assumes that the outstanding capital expenditure of approximately $56 million for the 350 Water Street building and $80 million for the 450 Water Street building are fully funded and reserved by the lender, and that these reserved funds would pass with title to any purchaser of the Mortgaged Property. |
(2) | The “As Stabilized” appraised value assumes all outstanding tenant improvements and contractual free rent associated with the Nokia lease have been satisfied. |
(3) | The Appraised Value (Other than “As-Is”) represents the “Prospective Market Value Upon Completion and Stabilization” as of August 1, 2021, which assumes the completion of the parking lot with new paving, striping, lighting, drainage and fencing. The parking lot renovation was completed at loan origination. |
(4) | The “Prospective Value at Stabilization” as of July 1, 2021 for the 144 Bleecker Street Mortgaged Property, which assumes that the related Mortgaged Property is granted a 35-year 421a tax abatement beginning in the 2021/22 tax year, that the Mortgaged Property is built in accordance with the approved architectural plans, and that the unit mix provided represents the legal allowable occupancy. |
(5) | The Appraised Value (Other than “As-Is”) includes the “Hypothetical As If Complete Value” for the 1112 Centre West Drive Mortgaged Property as of July 23, 2021, which assumes that the cost of the landlord obligations associated with the roof repair, and all tenant improvements and leasing commissions associated with the lease renewal are completed and have been escrowed. The ”Hypothetical As If Complete Value” and the “As-Is” value of the 1112 Centre West Drive individual Mortgaged Property is $1,820,000 and the “As-Is” value is $1,560,000, respectively. |
(6) | The Appraised Value (Other than “As-Is”) includes the ”As Stabilized” for the 3312-3314 S. Cicero Avenue Mortgaged Property as of September 1, 2022, which assumes the completion of the build-out of the Midwest Express Clinic’s space and the tenant has taken occupancy at the Mortgaged Property. The “As Stabilized” and the “As-Is” value of the 3312-3314 S. Cicero Avenue Mortgaged Property is $4,540,000 and $4,140,000, respectively. |
With respect to Loan No. 14, WoodSpring Suites Portfolio, the “as-is” appraised value for the WoodSpring Suites Bakersfield Mortgaged Property is based on the assumption that a total capital expenditure of $217,000, which represents the total cost of the renovations the borrower sponsor plans to complete upon acquiring the Mortgaged Property, is completed. As of the date of acquisition, the remaining outstanding amount of the renovations was $42,000, and at loan origination, the borrower was required to deposit $50,400 (120% of the total cost).
(14) | With respect to Loan No. 8, Amazon Hunts Point, the borrower is the ground lessor under a ground lease with HP Logistics I LLC, the ground lessee, and an affiliate of the Borrower, which ground lessee has leased the Mortgaged Property to the sole tenant, Amazon.com Services LLC. The rent under the Amazon lease is identical to the rent under the ground lease. |
With respect to Loan No. 18, Middletown Crossing Shopping Center, the borrower is the ground lessor under a ground lease with the Largest Tenant, ACME. At loan origination, the borrower reserved $2,500,000, which will be released upon the Largest Tenant’s lease renewal or replacement by an acceptable tenant.
(15) | (15) Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date. |
“L(x)” means lock-out for x payments.
“D(x)” means may be defeased for x payments.
“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.
“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.
“DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.
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“O(x)” means freely prepayable for x payments, including the maturity date.
Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio Mortgage Loan) under various circumstances, as described in this Preliminary Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans— Partial Releases” in this Preliminary Prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans— Voluntary Prepayments” in this Preliminary Prospectus.
(16) | With respect to Loan No. 1, One Memorial Drive, the One Memorial Drive Whole Loan may be voluntarily prepaid in whole (but not in part) beginning on the business day after the second anniversary of the first monthly payment date with the payment of the yield maintenance premium if such prepayment occurs prior to the monthly payment date which is six months prior to the maturity date of the One Memorial Whole Loan. In addition, the One Memorial Drive Whole Loan may be defeased in whole (but not in part) at any time after the earlier to occur of (i) November 5, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. |
With respect to Loan No. 2, CX - 350 & 450 Water Street, the CX - 350 & 450 Water Street Whole Loan may be voluntarily prepaid in whole (but not in part) beginning on or after the payment date in December 2023 with a yield maintenance premium if such prepayment occurs prior to the payment date in May 2031. In addition, the CX - 350 & 450 Water Street Whole Loan may be defeased in whole (but not in part) at any time after the earlier to occur of (i) October 14, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized.
With respect to Loan No. 4, The Veranda, The Veranda Whole Loan may be voluntarily prepaid in whole (but not in part) beginning on the occurrence of the second anniversary of the first monthly payment date with the payment of the yield maintenance premium if such prepayment occurs prior to the payment date that is three months prior to the maturity date of The Veranda Whole Loan. In addition, The Veranda Whole Loan may be defeased in whole (but not in part) at any time after the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized.
With respect to Loan No. 5, 1100 & 820 First Street NE, the lockout period will be at least 35 payment dates beginning with and including the first payment date in November 2021. The 1100 & 820 First Street NE Whole Loan may be voluntarily prepaid in whole (but not in part) on any monthly payment date after the Lockout Period (as defined below) and prior to July 1, 2031 with payment of the yield maintenance premium. Defeasance of the 1100 & 820 First Street NE Whole Loan is permitted at any time following the later to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) September 30, 2024 (“Lockout Period”). The assumed defeasance lockout period of 35 payment dates is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.
With respect to Loan No. 6, 520 Almanor, the lockout period will be at least 24 payment dates beginning with and including the first payment date in December 2021. Defeasance of the 520 Almanor Whole Loan in whole (but not in part) is permitted on the first payment date following the earlier to occur of (i) October 20, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.
With respect to Loan No. 12, Audubon Crossings & Commons, the lockout period will be at least 27 payment dates beginning with and including the first payment date in September 2021. Defeasance of the Audubon Crossings & Commons Whole Loan in full is permitted on the first payment date following the earlier to occur of (i) August 6, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 27 payments is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.
With respect to Loan No. 15, Plaza La Cienega, the lockout period will be at least 25 payment dates beginning with and including the first payment date in November 2021. Defeasance of the Plaza La Cienega Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) September 28, 2024. The assumed defeasance lockout period of 25 payment dates is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.
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With respect to Loan No. 16, La Encantada, the lockout period will be at least 25 payment dates beginning with and including the first payment date in November 2021. Defeasance of the La Encantada Whole Loan in full is permitted on the first payment date following the earlier to occur of (i) September 17, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.
(17) | Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans— Partial Releases” in this Preliminary Prospectus for the terms of the releases. |
• Loan No. 2 - CX - 350 & 450 Water Street
• Loan No. 11 - Wilmot Plaza
• Loan No. 16 - La Encantada
• Loan No. 30 - Omega Mixed Use Portfolio
• Loan No. 31 - Newberry Crossing
(18) | The following Mortgaged Properties consists, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests: |
With respect to Loan No. 6, 520 Almanor, the Mortgaged Property consists of a leasehold interest under a 99- year ground lease that is in place through June 2116. Pace Properties is the ground lessor. The ongoing monthly ground rent is equal to the greater of (i) a floor base rent (currently $125,914), which increases 3% every five years, starting in July 2023 and (ii) 14.0% of the effective triple-net base rent paid by Nokia (or any replacement tenant) (based on the full 231,220 SF).
With respect to No. 12, Audubon Crossings & Commons, the Public Service Electrical Gas Company leases to the borrower a right of way over a parcel of land for access, ingress/egress, landscaping and the operation of a sanitary line and storm sewer (the “PSE&G Lease”). The PSE&G Lease commenced in December 2005, expires in December 2035 and has two consecutive, five-year renewal options (resulting in an as-extended term that is less than 20 years beyond the stated maturity date of the related Mortgage Loan). The annual ground rent payable under the PSE&G Lease was originally $3,900, with CPI adjustments occurring every five years during the term beginning with the sixth lease year. Current annual ground rent is approximately $22,510.
With respect to Loan No. 15, Plaza La Cienega, the Mortgaged Property consists of Rains, LLC’s, one of the two related borrowers, fee interest in the Plaza La Cienega Property, as well as LaCienega-Sawyer Ltd.’s, the second of the two related borrowers, leasehold interest in the Plaza La Cienega Property, which it holds pursuant to a ground lease dated April 1, 1971 between Rains, LLC, as ground lessor, and LaCienega-Sawyer Ltd., as ground lessee. The monthly rent payment under such ground lease is $1.00. The ground lease expires on March 31, 2041 with one 29-year extension option remaining.
(19) | With respect to No. 13, Grand Rapids Commerce Center, the borrowers (Property Owner and Master Tenant) entered into a master lease in connection with a reverse 1031 exchange. The Master Tenant Borrower made a subordinate loan to the Property Owner Borrower to inject capital into the Property Owner Borrower prior to the reverse 1031 exchange. The Property Owner Borrower leases its interest to the Master Tenant Borrower to collect rents from the Property prior to the reverse 1031 exchange. The master lease will terminate when the reverse 1031 exchange is complete, or within 180 days of the loan origination date, whichever occurs first. A subordination agreement was executed by the Master Tenant Borrower. |
(20) | With respect to Loan Loan No. 2, CX - 350 & 450 Water Street, the Sole Tenant, Aventis Inc., has two leases expiring in June 2036 and November 2036, respectively. The November 2036 expiration date is based on an anticipated rent commencement of November 10, 2021. The actual rent commencement date, anniversary date, and expiration date to be determined as provided in the 450 Water Street lease and amendments, related to the substantial completion of the base building work at the 450 Water Street building. |
(21) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if the landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with such tenant’s use of access or |
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parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the Mortgaged Property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely.
With respect to Loan No. 1, One Memorial Drive, the Largest Tenant, InterSystems Corporation, has the right to expand its leased space to any space in the building that the borrower anticipates will be available for delivery to InterSystems Corporation after July 1, 2024 and prior to June 30, 2025 (the “Potential Expansion Premises”). If the borrower does not have any Potential Expansion Premises, then InterSystems will have the right to terminate its lease in whole or in part provided that any remaining space must consist of at least three full floors that are either not located in a contiguous block, or if located in a contiguous block, are contiguous to each other and located at the top or bottom of such block upon notice within six months of receipt of the borrower’s notice that no Potential Expansion Premises are available and upon the payment of a termination fee. The termination date will be at least 18 months after the date of InterSystems’ termination notice and will occur during the period beginning July 1, 2025 and ending December 31, 2025. It is anticipated that Potential Expansion Premises will not be available given the expiration dates of existing leases.
With respect to Loan No. 2, CX - 350 & 450 Water Street, the Sole Tenant, Aventis Inc., has the right to terminate each of its leases, with a termination fee, effective as of the end of the respective 14th lease year. If Aventis Inc. chooses to exercise the early termination right, it must deliver to the landlord between 24 and 36 months prior to the early termination date (a) notice that the early termination right has been exercised and (b) the early termination payment. The early termination payment equals the sum of (i) the 12 monthly installments of base rent that would have been due for the 12-month period immediately following the early termination date in the absence of such termination and (ii) the stipulated operating expenses/tax component per the lease.
With respect to Loan No. 5, 1100 & 820 First Street NE, (i) the Largest Tenant at the 1100 & 820 First Street NE - 1100 First Street NE Mortgaged Property, GSA-Department Veterans Affairs, has the right to terminate its lease effective as of July 29, 2024 with respect to floors 1 and 2, effective as of July 29, 2024 with respect to floors 4 and 5, and effective as of June 25, 2024 with respect to floors 6 and 7, collectively representing the entirety of its space at the Mortgaged Propety, in each case upon at least one year’s prior written notice, (ii) the Third Largest Tenant at the 1100 & 820 First Street NE - 1100 First Street NE Mortgaged Property, GSA-FERC has the right to terminate its lease at any time after the forty-second month of the extension term, which commenced on January 21, 2020, upon 180 days’ prior written notice, (iii) the Largest Tenant at the 1100 & 820 First Street NE - 820 First Street NE Mortgaged Property, Turner Broadcasting System Inc, has a termination option effective December 31, 2026 with 15 months’ notice and payment of a termination fee; and (iv) the Second Largest Tenant at the 1100 & 820 First Street NE - 820 First Street NE Mortgaged Property, Accenture LLP, has the right to terminate its lease effective as of February 28, 2023 provided that either of the two governmental agencies which such tenant currently serves at the leased premises have either (1) terminated their contract with such tenant without entering into a replacement contract for substantially similar services, or (2) have not exercised an option to extend or renew the term of their contract within three months of the then current expiration date of such contract, in either case upon written notice delivered to the related landlord no later than November 30, 2022 and payment of a termination fee. Accenture LLP also has the one-time right to terminate its lease with respect to a portion of its leased premises located on the 6th floor and containing approximately 7,447 rentable square feet upon 180 days’ notice and payment of a contraction fee.
With respect to Loan No. 13, Grand Rapids Commerce Center, the Largest Tenant at the Grand Rapids Commerce Center Mortgaged Property, Sprinter Services, Inc. has a one-time option to terminate its lease for Suite 370 (which represents 41% of the tenant’s total net rentable area and 10% of the overall Mortgaged Property square footage) at any time prior to June 30, 2025 with 12 months’ notice.
With respect to Loan No. 15, Plaza La Cienega, the Fifth Largest Tenant at the Plaza La Cienega Mortgaged Property, CVS, may terminate its lease on November 30, 2021, and every 10 years thereafter, with 90 days’ notice.
With respect to Loan No. 16, La Encantada, (i) the Second Largest Tenant at the La Encantada Mortgaged Property, Crate & Barrel, may terminate its lease with 90 days’ written notice to the landlord, and (ii) the Fourth Largest Tenant at the La Encantada Mortgaged Property, West Elm, has the right to terminate its lease if it does not achieve gross sales totaling at least $3,000,000 during its fifth lease year (February 2025 through January
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2026) (the “Sales Measuring Period”) with notice to the landlord no later than 180 days after the end of the Sales Measuring Period.
With respect to Loan Loan No. 17, The Wolf Building, the largest commercial tenant, Public Health Management Corp., has termination options in the event that federal funding is terminated or reduced and such termination or reduction results in the tenant’s operations becoming impractical or impossible.
With respect to Loan No. 23, 31 Bond Street, the Fifth Largest Tenant, Kith Stock, LLC, may terminate its license at any time after January 31, 2023 upon 6 months’ notice.
With respect to Loan No. 24, Corinth Distribution Center, the Second Largest Tenant at the Corinth Distribution Center Mortgaged Property, Draka Elevator, has the right to terminate its lease on December 31, 2021 and on December 31, 2022, with 180 days’ notice and payment of a termination fee.
With respect to Loan No. 26, 450 Post Road East, the Largest Tenant at the 450 Post Road East Mortgaged Property, Wells Fargo Advisors, LLC, has a one-time right to terminate its lease in March 2027 with 12 months’ notice and payment of a termination fee.
With respect to Loan No. 33, 1523 Voorhies Avenue, the Largest Tenant, Six Star Plus Inc, representing approximately 34.0% of the net rentable area, may terminate its lease for up to 2,000 square feet of its space upon 90 days advance notice.
With respect to Loan No. 36.01, Walgreens FL & IL Portfolio - Walgreens - West Palm, FL, the Sole Tenant at the Walgreens - West Palm, FL Mortgaged Property, Walgreens, has the option to terminate its lease effective June 30, 2029.
With respect to Loan No. 36.02, Walgreens FL & IL Portfolio - Walgreens - Carol Steam, IL, the Sole Tenant at the Walgreens - Carol Steam, IL Mortgaged Property, Walgreens, has the option to terminate its lease effective January 31, 2024 and January 31, 2029.
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(22) | Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.
The tenants shown in Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date.
With respect to Loan No. 2, CX - 350 & 450 Water Street, the Sole Tetant, Aventis Inc. is currently not in occupancy, pending the substantial completion of the buildout out its spaces at the CX- 350 & 450 Water Street Property. The CX - 350 & 450 Water Street Property is currently undergoing a buildout with expected completion dates of the second quarter of 2022 for the 350 Water Street building and fourth quarter of 2021 for the 450 Water Street building. The lease at 350 Water Street commenced on July 1, 2021. The commencement of the lease at 450 Water Street is tied to substantial completion, with it occurring the later of (i) November 10, 2021 and (ii) the date that is 46 days prior to the substantial completion date for the base building work.
With respect to Loan No. 4, The Veranda, the Largest Tenant, Dave & Buster’s, is currently in a rent deferral period until December 31, 2021, related to the COVID-19 pandemic, during which the tenant is required to pay the lesser of (a) $74,141.82 per month, plus 10% of gross sales in excess of $500,000 for such month, or (b) the base rent otherwise due for such month under the lease. The tenant is required to repay the deferred portion of the base rent in monthly payments commencing in January 2022 through September 2029, in addition to the monthly base rent payable for such months.
With respect to Loan No. 6, 520 Almanor, the Sole Tenant, Nokia Corp., has executed a lease but is not yet in occupancy and open for business pending the completion of the related build out. Borrower has represented that Nokia of America Corporation has verbally communicated it anticipates it will take occupancy of all of its demised premises on or prior to January 10, 2022. However, we cannot assure you that Nokia of America Corporation will take occupancy and open for business as expected or at all. Nokia of America Corporation is not obligated to pay base rent from April 1, 2021 through November 30, 2021 and is only obligated to pay 50% of base rent from December 1, 2021 through June 30, 2022.
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With respect to Loan No. 7, Valley Plaza, the Largest Tenant, Target, has signed a lease and is currently paying rent, but is not yet open for business as it is building out its space. Target is anticipated to take occupancy and open for business by the spring of 2022. We cannot assure you that Target will take occupancy and open for business as expected or at all.
(23) | The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants-in-common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics— Tenancies-in-Common or Diversified Ownership” in this Preliminary Prospectus for further information. |
• Loan No. 16 - La Encantada
• Loan No. 25 - Village at Double Diamond
• Loan No. 27 - Hirschfield NNN Portfolio
(24) | With respect to Loan No. 22, 144 Bleecker Street, beginning on the payment date in November 2023, the borrower is required to deposit into the replacement reserve account a Monthly Replacement / FF&E Reserve ($) amount equal to approximately $579. |
(25) | With Respect to Loan No. 6, 520 Almanor, the ongoing monthly ground rent reserve is equal to the greater of (i) a floor base rent (currently $125,914), which increases 3% every five years, starting in July 2023 and (ii) 14.0% of the effective triple-net base rent paid by Nokia (or any replacement tenant) (based on the full 231,220 SF). |
With respect to Loan No. 7, Valley Plaza, the borrower is required to deposit into the basic carrying cost reserve account (i) a Monthly RE Tax Reserve ($) amount equal to (a) on the payment date occurring in November 2021, approximately $75,487 and (b) thereafter, 1/12th of the property taxes payable during the next 12 months (estimated as approximately $43,930) and (ii) a Monthly Insurance Reserve ($) amount equal to (x) on the payment dates occurring in November 2021 through April 2022, approximately $57,352 and (y) thereafter, 1/12th of the insurance premiums payable during the next 12 months (estimated as approximately $28,676).
With respect to Loan No. 10, Norcross Industrial Portfolio, on each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $250,000, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $29,426.
With respect to Loan No. 12, Audubon Crossings & Commons, on each payment date beginning in September 2021 through August 2023, the borrowers are required to deposit into the rollover reserve account a Monthly Other Reserve ($) amount equal to approximately $20,833.
With respect to Loan No. 14, WoodSpring Suites Portfolio, the Monthly Replacement / FF&E Reserve ($) is an FF&E reserve in an amount equal to (i) for the payment dates through and including October 2022, approximately $20,686 and (ii) thereafter, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreements or (b) 1/12th of 4% of the gross revenues of the Mortgaged Property for the trailing 12- month period.
With respect to Loan No. 16, La Encantada, on each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $1,000,000 (excluding lease termination payments), the borrowers are required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to $20,500, unless the TI/LC reserve account is thereafter equal to $2,000,000 (excluding lease termination payments).
With respect to Loan No. 22, 144 Bleecker Street, on the payment date occurring in November 2021, the borrower is required to deposit into the basic carrying cost reserve account a Monthly RE Tax Reserve ($) amount equal to approximately $29,030, which consists of (i) the Monthly RE Tax Reserve ($) of approximately $4,838 and (ii) a one-time additional deposit of approximately $24,192.
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(26) | With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Mortgage Pool Characteristics—Environmental Considerations” in this Preliminary Prospectus. |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Maximum Policy Amount | Premium Paid in Full | Expiration Date |
1 | One Memorial Drive | $95,000,000 | 9.98% | $10,000,000 | Yes | 9/15/2034 |
2 | CX - 350 & 450 Water Street | $94,000,000 | 9.9% | $5,000,000 | Yes | 10/13/2031 |
4 | The Veranda | $70,000,000 | 7.4% | $10,000,000 | Yes | 10/5/2022 |
15 | Plaza La Cienega | $20,000,000 | 2.1% | $7,500,000 | Yes | 9/28/2034 |
19 | Eltingville Shopping Center | $17,500,000 | 1.8% | $3,000,000 | Yes | 9/28/2034 |
(27) |
Loan No. | Mortgage Loan | Senior Notes Cut-off Date Balance | Subordinate Notes Cut-off Date Balance | Total Mortgage Debt Cut-off Date Balance(1) | Total Senior Notes U/W NCF DSCR | Total Mortgage Debt U/W NCF DSCR(1) | Total Senior Notes Cut-off Date LTV | Total Mortgage Debt Cut-off Date LTV Ratio(1) | Total Senior Notes U/W NOI Debt Yield | Total Mortgage Debt U/W NOI Debt Yield(1) |
1 | One Memorial Drive | $299,300,000 | $114,700,000 | $414,000,000 | 3.63x | 2.63x | 36.1% | 50.0% | 10.2% | 7.4% |
2 | CX - 350 & 450 Water Street | $814,000,000 | $411,000,000 | $1,225,000,000 | 3.50x | 2.32x | 41.7% | 62.7% | 9.9% | 6.6% |
(1) | Includes any related pari passu companion loan(s) and subordinate secured companion loan(s), and excludes any related mezzanine loan(s). |
(28) |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date or ARD | Intercreditor Agreement | Total Debt Cut-off Date LTV Ratio | Total Debt U/W NCF DSCR(1) | Total Debt U/W NOI Debt Yield(1) |
11 | Wilmot Plaza | $30,000,000 | 3.2% | $4,000,000 | 11.50000% | 10/1/2031 | Yes | 73.9% | 1.39x | 9.3% |
26 | 450 Post Road East(2) | $9,555,000 | 1.0% | $2,000,000 | 6.00000% | 2/4/2032 | No | 74.1% | 1.61x | 7.5% |
(1) | Calculated including any related pari passu companion loan(s), related subordinate companion loan(s) and mezzanine debt. |
(2) | In the case of the mortgage loan, such mezzanine indebtedness matures 90 days after the scheduled maturity date of such mortgage loan, or such earlier date that the date the related mortgaged property is sold or such mortgage Loan is repaid in full subject to any refinancing thereof. |
(29) | With respect to Loan No. 23, 31 Bond Street, the 31 Bond Street borrower has the right to borrow a mezzanine loan subordinate to the 31 Bond Street loan, subject to credit and legal criteria specified in the 31 Bond Street loan documents, including, without limitation: (i) a combined maximum loan to value ratio (based on appraisals ordered by the lender in connection with the origination of the mezzanine loan and calculated based on the outstanding principal balance of the 31 Bond Street loan and the initial principal amount of the mezzanine loan) of 55.0%, (ii) the maturity date is co-terminous with the 31 Bond Street loan, (iii) the aggregate debt yield as the date of origination is at least 7.50%, (iv) an intercreditor agreement reasonably satisfactory to the lender and (v) lender’s receipt of a rating agency confirmation with respect to the additional mezzanine debt. |
Mortgage Loan Name | Mortgage Loan Cut-off Date Balance | Combined Maximum LTV Ratio | Combined Minimum DSCR | Combined Minimum Debt Yield | Intercreditor Agreement Required | |||||
31 Bond Street | $12,500,000 | 55.0% | NAP | 7.5% | Yes |
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(30) | With respect to Loan No. 1, One Memorial Drive, the Whole Loan documents permit upper-tier financing by holders of indirect equity in the borrower secured by such indirect equity in the borrower (the “Permitted Pledge”), provided, among other restrictions, (a) such Permitted Pledge is secured by assets other than the Mortgaged Property (other than any indirect interest in cash flow from the Mortgaged Property), any direct equity in the borrower, (b) such Permitted Pledge will not result in a change of control in the borrower, and (c) at all times following such Permitted Pledge, at least one of the borrower sponsors owns at least a 25% legal and beneficial interest in and controls the borrower. |
With respect to Loan No. 13, Grand Rapids Commerce Center, the Mortgaged Property was purchased in conjunction with a reverse 1031 exchange. Title to the Mortgaged Property is held by one of the two borrowers (the “Grand Rapids Property Owner”) and the Mortgaged Property is operated by the other borrower (the “Grand Rapids Master Tenant”) pursuant to a master lease with the Grand Rapids Property Owner. The Grand Rapids Master Tenant made a $9,596,612.38 unsecured subordinate loan (the “Grand Rapids Exchange Loan”) to the Grand Rapids Property Owner to inject capital into the Grand Rapids Property Owner prior to the reverse 1031 exchange, and entered into a subordination and standstill agreement with respect to the Grand Rapids Exchange Loan at origination.
With respect to Loan No. 29, CVS Wrigleyville, the borrower has incurred an unsecured debt in the amount of $7,500,000 (the “Subordinate Loan”) provided by the borrower’s affiliate (the “Subordinate Lender”). Pursuant to the related Subordination and Standstill Agreement, the payments required under the Subordinate Loan may be made solely out of excess cash flow after all required payments under the Mortgage Loan and no reserves are required under the Subordinate Loan.
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