FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226123-07 | ||
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| Free Writing Prospectus dated January [30], 2020
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-226123) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.
The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached 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 email system. |
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ANNEX A-1
Number of | Property | Property | ||||||||
Loan # | Seller | Property Name | Street Address | City | State | Zip Code | County | Properties | Type | Subtype |
1 | JPMCB/GACC | 1633 Broadway | 1633 Broadway | New York | NY | 10019 | New York | 1 | Office | CBD |
2 | GACC | F5 Tower | 801 5th Avenue | Seattle | WA | 98104 | King | 1 | Office | CBD |
3 | JPMCB/CREFI | Bellagio Hotel and Casino | 3600 South Las Vegas Boulevard | Las Vegas | NV | 89109 | Clark | 1 | Hotel | Full Service |
4 | JPMCB | Kings Plaza | 5100 Kings Plaza | Brooklyn | NY | 11234 | Kings | 1 | Retail | Super Regional Mall |
5 | JPMCB | 1501 Broadway | 1501 Broadway | New York | NY | 10036 | New York | 1 | Mixed Use | Office/Retail |
6 | CREFI | 805 Third Avenue | 805 Third Avenue | New York | NY | 10022 | New York | 1 | Office | CBD |
7 | GACC | 55 Hudson Yards | 550 West 34th Street | New York | NY | 10001 | New York | 1 | Office | CBD |
8 | GACC | Southcenter Mall | 2800 Southcenter Mall | Tukwila | WA | 98188 | King | 1 | Retail | Super Regional Mall |
9 | JPMCB | 181 West Madison | 181 West Madison Street | Chicago | IL | 60602 | Cook | 1 | Office | CBD |
10 | CREFI | Parkmerced | 3711 19th Avenue | San Francisco | CA | 94132 | San Francisco | 1 | Multifamily | High-Rise/Townhome |
11 | GACC | 560 Mission Street | 560 Mission Street | San Francisco | CA | 94105 | San Francisco | 1 | Office | CBD |
12 | GACC | Starwood Industrial Portfolio | Various | Various | Various | Various | Various | 33 | Industrial | Various |
12.01 | GACC | 101 45th Street | 101 45th Street | Munster | IN | 46321 | Lake | 1 | Industrial | Warehouse/Distribution |
12.02 | GACC | 4820-4850 Indianapolis Road | 4820-4850 Indianapolis Road | Whitestown | IN | 46075 | Boone | 1 | Industrial | Warehouse/Distribution |
12.03 | GACC | 8401 Bearing Drive | 8401 Bearing Drive | Indianapolis | IN | 46268 | Marion | 1 | Industrial | Warehouse/Distribution |
12.04 | GACC | 5900 North Meadows Drive | 5900 North Meadows Drive | Grove City | OH | 43123 | Franklin | 1 | Industrial | Warehouse/Distribution |
12.05 | GACC | 5701 North Meadows Drive | 5701 North Meadows Drive | Grove City | OH | 43123 | Franklin | 1 | Industrial | Warehouse/Distribution |
12.06 | GACC | 8421 Bearing Drive | 8421 Bearing Drive | Indianapolis | IN | 46268 | Marion | 1 | Industrial | Warehouse/Distribution |
12.07 | GACC | 6451-6471 Northwind Parkway | 6451-6471 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.08 | GACC | 4910-4938 Indianapolis Road | 4910-4938 Indianapolis Road | Whitestown | IN | 46075 | Boone | 1 | Industrial | Warehouse/Distribution |
12.09 | GACC | 6221-6241 Northwind Parkway | 6221-6241 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.10 | GACC | 775 Commerce Parkway West Drive | 775 Commerce Parkway West Drive | Greenwood | IN | 46143 | Johnson | 1 | Industrial | Warehouse/Distribution |
12.11 | GACC | 1901 Northwind Parkway | 1901 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.12 | GACC | 333 45th Street | 333 45th Street | Munster | IN | 46321 | Lake | 1 | Industrial | Warehouse/Distribution |
12.13 | GACC | 221 South Swift Road | 221 South Swift Road | Addison | IL | 60101 | DuPage | 1 | Industrial | Warehouse/Distribution |
12.14 | GACC | W234N2091 Ridgeview Parkway Court | W234N2091 Ridgeview Parkway Court | Pewaukee | WI | 53188 | Waukesha | 1 | Industrial | Warehouse/Distribution |
12.15 | GACC | 2240 Creekside Parkway | 2240 Creekside Parkway | Lockbourne | OH | 43137 | Franklin | 1 | Industrial | Warehouse/Distribution |
12.16 | GACC | 201 South Swift Road | 201 South Swift Road | Addison | IL | 60101 | DuPage | 1 | Industrial | Warehouse/Distribution |
12.17 | GACC | 8441 Bearing Drive | 8441 Bearing Drive | Indianapolis | IN | 46268 | Marion | 1 | Industrial | Warehouse/Distribution |
12.18 | GACC | 4700 Ironwood Drive | 4700 Ironwood Drive | Franklin | WI | 53132 | Milwaukee | 1 | Industrial | Warehouse/Distribution |
12.19 | GACC | 4410 North 132nd Street | 4410 North 132nd Street | Butler | WI | 53007 | Waukesha | 1 | Industrial | Warehouse/Distribution |
12.20 | GACC | 999 Gerdt Court | 999 Gerdt Court | Greenwood | IN | 46143 | Johnson | 1 | Industrial | Warehouse/Distribution |
12.21 | GACC | 480 45th Street | 480 45th Street | Munster | IN | 46321 | Lake | 1 | Industrial | Cold Storage |
12.22 | GACC | 12857 South Hamlin Court | 12857 South Hamlin Court | Alsip | IL | 60803 | Cook | 1 | Industrial | Warehouse/Distribution |
12.23 | GACC | 1695 Glen Ellyn Road | 1695 Glen Ellyn Road | Glendale Heights | IL | 60139 | DuPage | 1 | Industrial | Warehouse/Distribution |
12.24 | GACC | 1701-1721 Northwind Parkway | 1701-1721 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.25 | GACC | 1245 Lakeside Drive | 1245 Lakeside Drive | Romeoville | IL | 60446 | Will | 1 | Industrial | Warehouse/Distribution |
12.26 | GACC | 3890 Perry Boulevard | 3890 Perry Boulevard | Whitestown | IN | 46075 | Boone | 1 | Industrial | Warehouse/Distribution |
12.27 | GACC | 215 45th Street | 215 45th Street | Munster | IN | 46321 | Lake | 1 | Industrial | Cold Storage |
12.28 | GACC | 845 Telser Road | 845 Telser Road | Lake Zurich | IL | 60047 | Lake | 1 | Industrial | Warehouse/Distribution |
12.29 | GACC | 1851 Northwind Parkway | 1851 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.30 | GACC | 1650 Northwind Parkway | 1650 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.31 | GACC | 225 45th Street | 225 45th Street | Munster | IN | 46321 | Lake | 1 | Industrial | Warehouse/Distribution |
12.32 | GACC | 1600-1640 Northwind Parkway | 1600-1640 Northwind Parkway | Hobart | IN | 46342 | Lake | 1 | Industrial | Warehouse/Distribution |
12.33 | GACC | 235 45th Street | 235 45th Street | Munster | IN | 46321 | Lake | 1 | Industrial | Warehouse/Distribution |
13 | CREFI | 650 Madison Avenue | 650 Madison Avenue | New York | NY | 10022 | New York | 1 | Mixed Use | Office/Retail |
A-1-1
ANNEX A-1
Original | Current | |||||||||||||||
Year | Unit of | Occupancy | Appraised | Appraisal | Current | Original | Balance | Current | Balance | % of Initial | ||||||
Loan # | Seller | Property Name | Year Built | Renovated | Units | Measure | Occupancy % | Date | Value ($) | Date | LTV % | Balance ($) | per Unit ($) | Balance ($) | per Unit ($) | Pool Balance |
1 | JPMCB/GACC | 1633 Broadway | 1972 | 2013 | 2,561,512 | Square Feet | 98.4% | 10/31/19 | 2,400,000,000 | 10/24/19 | 41.7% | 64,650,000 | 391 | 64,650,000 | 391 | 9.8% |
2 | GACC | F5 Tower | 2019 | 515,518 | Square Feet | 100.0% | 12/19/19 | 470,000,000 | 11/05/19 | 39.4% | 55,500,000 | 359 | 55,500,000 | 359 | 8.4% | |
3 | JPMCB/CREFI | Bellagio Hotel and Casino | 1997 | 2019 | 3,933 | Rooms | 94.8% | 09/30/19 | 4,260,000,000 | 10/16/19 | 39.3% | 55,000,000 | 426,189 | 55,000,000 | 426,189 | 8.3% |
4 | JPMCB | Kings Plaza | 1969 | 2018 | 811,797 | Square Feet | 96.7% | 10/31/19 | 900,000,000 | 10/17/19 | 54.1% | 55,000,000 | 600 | 55,000,000 | 600 | 8.3% |
5 | JPMCB | 1501 Broadway | 1926 | 2018 | 737,471 | Square Feet | 77.8% | 11/01/19 | 900,000,000 | 10/11/19 | 22.2% | 55,000,000 | 271 | 55,000,000 | 271 | 8.3% |
6 | CREFI | 805 Third Avenue | 1982 | 596,100 | Square Feet | 92.6% | 10/24/19 | 460,000,000 | 10/01/19 | 32.6% | 55,000,000 | 252 | 55,000,000 | 252 | 8.3% | |
7 | GACC | 55 Hudson Yards | 2018 | 1,431,212 | Square Feet | 97.3% | 11/19/19 | 2,400,000,000 | 10/15/19 | 39.4% | 52,450,000 | 660 | 52,450,000 | 660 | 7.9% | |
8 | GACC | Southcenter Mall | 1968 | 2008 | 783,068 | Square Feet | 84.1% | 11/30/19 | 980,000,000 | 11/17/19 | 22.2% | 50,000,000 | 278 | 50,000,000 | 278 | 7.6% |
9 | JPMCB | 181 West Madison | 1990 | 2016 | 946,099 | Square Feet | 87.7% | 11/30/19 | 375,289,826 | 10/22/19 | 28.8% | 50,000,000 | 114 | 50,000,000 | 114 | 7.6% |
10 | CREFI | Parkmerced | 1944, 1951 | 2009 | 3,165 | Units | 94.2% | 09/10/19 | 2,110,000,000 | 09/03/19 | 25.9% | 45,000,000 | 172,828 | 45,000,000 | 172,828 | 6.8% |
11 | GACC | 560 Mission Street | 2002 | 668,149 | Square Feet | 98.4% | 10/31/19 | 842,000,000 | 10/31/19 | 35.6% | 45,000,000 | 449 | 45,000,000 | 449 | 6.8% | |
12 | GACC | Starwood Industrial Portfolio | Various | Various | 4,070,396 | Square Feet | 98.4% | Various | 319,450,000 | Various | 45.2% | 39,500,000 | 36 | 39,500,000 | 36 | 6.0% |
12.01 | GACC | 101 45th Street | 1992 | 349,988 | Square Feet | 81.2% | 11/26/19 | 24,400,000 | 10/29/19 | 3,017,061 | 3,017,061 | 0.5% | ||||
12.02 | GACC | 4820-4850 Indianapolis Road | 2016 | 323,000 | Square Feet | 100.0% | 11/26/19 | 18,800,000 | 10/30/19 | 2,324,620 | 2,324,620 | 0.4% | ||||
12.03 | GACC | 8401 Bearing Drive | 2015 | 266,400 | Square Feet | 100.0% | 11/26/19 | 18,300,000 | 10/30/19 | 2,262,795 | 2,262,795 | 0.3% | ||||
12.04 | GACC | 5900 North Meadows Drive | 1997 | 269,831 | Square Feet | 100.0% | 02/06/20 | 16,200,000 | 10/30/19 | 2,003,130 | 2,003,130 | 0.3% | ||||
12.05 | GACC | 5701 North Meadows Drive | 1997 | 268,905 | Square Feet | 100.0% | 11/26/19 | 14,900,000 | 10/30/19 | 1,842,385 | 1,842,385 | 0.3% | ||||
12.06 | GACC | 8421 Bearing Drive | 2015 | 124,200 | Square Feet | 100.0% | 11/26/19 | 12,900,000 | 10/30/19 | 1,595,085 | 1,595,085 | 0.2% | ||||
12.07 | GACC | 6451-6471 Northwind Parkway | 2016 | 159,813 | Square Feet | 100.0% | 11/26/19 | 12,500,000 | 10/29/19 | 1,545,625 | 1,545,625 | 0.2% | ||||
12.08 | GACC | 4910-4938 Indianapolis Road | 2016 | 156,000 | Square Feet | 100.0% | 11/26/19 | 12,200,000 | 10/30/19 | 1,508,530 | 1,508,530 | 0.2% | ||||
12.09 | GACC | 6221-6241 Northwind Parkway | 2009 | 150,000 | Square Feet | 100.0% | 11/26/19 | 12,000,000 | 10/29/19 | 1,483,800 | 1,483,800 | 0.2% | ||||
12.10 | GACC | 775 Commerce Parkway West Drive | 2014 | 2019 | 155,000 | Square Feet | 100.0% | 02/06/20 | 11,500,000 | 10/30/19 | 1,421,975 | 1,421,975 | 0.2% | |||
12.11 | GACC | 1901 Northwind Parkway | 2006 | 101,437 | Square Feet | 100.0% | 11/26/19 | 11,100,000 | 10/29/19 | 1,372,515 | 1,372,515 | 0.2% | ||||
12.12 | GACC | 333 45th Street | 1999 | 2015 | 140,000 | Square Feet | 100.0% | 02/06/20 | 10,600,000 | 10/29/19 | 1,310,690 | 1,310,690 | 0.2% | |||
12.13 | GACC | 221 South Swift Road | 1995 | 110,000 | Square Feet | 100.0% | 02/06/20 | 10,200,000 | 10/30/19 | 1,261,230 | 1,261,230 | 0.2% | ||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | 2001 | 105,444 | Square Feet | 100.0% | 02/06/20 | 9,600,000 | 10/29/19 | 1,187,040 | 1,187,040 | 0.2% | ||||
12.15 | GACC | 2240 Creekside Parkway | 2012 | 125,000 | Square Feet | 100.0% | 02/06/20 | 9,200,000 | 10/30/19 | 1,137,580 | 1,137,580 | 0.2% | ||||
12.16 | GACC | 201 South Swift Road | 1995 | 85,000 | Square Feet | 100.0% | 02/06/20 | 9,100,000 | 10/30/19 | 1,125,215 | 1,125,215 | 0.2% | ||||
12.17 | GACC | 8441 Bearing Drive | 2015 | 124,200 | Square Feet | 100.0% | 02/06/20 | 9,000,000 | 10/30/19 | 1,112,850 | 1,112,850 | 0.2% | ||||
12.18 | GACC | 4700 Ironwood Drive | 2000 | 123,200 | Square Feet | 100.0% | 02/06/20 | 8,800,000 | 10/29/19 | 1,088,120 | 1,088,120 | 0.2% | ||||
12.19 | GACC | 4410 North 132nd Street | 1998 | 100,000 | Square Feet | 100.0% | 11/26/19 | 8,500,000 | 10/29/19 | 1,051,025 | 1,051,025 | 0.2% | ||||
12.20 | GACC | 999 Gerdt Court | 2001 | 132,315 | Square Feet | 100.0% | 11/26/19 | 8,300,000 | 10/30/19 | 1,026,295 | 1,026,295 | 0.2% | ||||
12.21 | GACC | 480 45th Street | 2002 | 2011 | 107,095 | Square Feet | 100.0% | 02/06/20 | 8,200,000 | 10/29/19 | 1,013,930 | 1,013,930 | 0.2% | |||
12.22 | GACC | 12857 South Hamlin Court | 2014 | 45,000 | Square Feet | 100.0% | 02/06/20 | 7,800,000 | 10/30/19 | 964,470 | 964,470 | 0.1% | ||||
12.23 | GACC | 1695 Glen Ellyn Road | 2011 | 40,080 | Square Feet | 100.0% | 02/06/20 | 7,300,000 | 10/30/19 | 902,645 | 902,645 | 0.1% | ||||
12.24 | GACC | 1701-1721 Northwind Parkway | 2005 | 94,786 | Square Feet | 100.0% | 11/26/19 | 7,200,000 | 10/30/19 | 890,280 | 890,280 | 0.1% | ||||
12.25 | GACC | 1245 Lakeside Drive | 1998 | 59,976 | Square Feet | 100.0% | 02/06/20 | 6,300,000 | 10/30/19 | 778,995 | 778,995 | 0.1% | ||||
12.26 | GACC | 3890 Perry Boulevard | 2008 | 2013 | 70,000 | Square Feet | 100.0% | 02/06/20 | 6,200,000 | 10/30/19 | 766,630 | 766,630 | 0.1% | |||
12.27 | GACC | 215 45th Street | 2000 | 65,000 | Square Feet | 100.0% | 02/06/20 | 4,550,000 | 10/29/19 | 562,608 | 562,608 | 0.1% | ||||
12.28 | GACC | 845 Telser Road | 2016 | 20,000 | Square Feet | 100.0% | 02/06/20 | 4,500,000 | 10/30/19 | 556,425 | 556,425 | 0.1% | ||||
12.29 | GACC | 1851 Northwind Parkway | 2014 | 18,120 | Square Feet | 100.0% | 02/06/20 | 4,500,000 | 10/30/19 | 556,425 | 556,425 | 0.1% | ||||
12.30 | GACC | 1650 Northwind Parkway | 2006 | 50,400 | Square Feet | 100.0% | 02/06/20 | 4,000,000 | 10/29/19 | 494,600 | 494,600 | 0.1% | ||||
12.31 | GACC | 225 45th Street | 2000 | 45,000 | Square Feet | 100.0% | 02/06/20 | 4,000,000 | 10/29/19 | 494,600 | 494,600 | 0.1% | ||||
12.32 | GACC | 1600-1640 Northwind Parkway | 2006 | 50,206 | Square Feet | 100.0% | 11/26/19 | 3,900,000 | 10/29/19 | 482,235 | 482,235 | 0.1% | ||||
12.33 | GACC | 235 45th Street | 2000 | 35,000 | Square Feet | 100.0% | 02/06/20 | 2,900,000 | 10/29/19 | 358,585 | 358,585 | 0.1% | ||||
13 | CREFI | 650 Madison Avenue | 1957, 1987 | 2015 | 600,415 | Square Feet | 97.4% | 10/01/19 | 1,210,000,000 | 10/31/19 | 48.5% | 37,900,000 | 977 | 37,900,000 | 977 | 5.7% |
A-1-2
ANNEX A-1
Net | ||||||||||||||
Crossed | Related | Interest | Admin. | Mortgage | Monthly Debt | Annual Debt | First | Partial IO | Partial IO Loan | |||||
Loan # | Seller | Property Name | Loan | Borrower | Rate % | Fee % | Rate % | Accrual Type | Service ($) | Service ($) | Note Date | Payment Date | Last IO Payment | First P&I Payment |
1 | JPMCB/GACC | 1633 Broadway | No | No | 2.99000 | 0.01300 | 2.97700 | Actual/360 | 163,323.56 | 1,959,882.72 | 11/25/19 | 01/06/20 | ||
2 | GACC | F5 Tower | No | No | 3.69868 | 0.01300 | 3.68568 | Actual/360 | 173,439.84 | 2,081,278.08 | 12/19/19 | 02/06/20 | ||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | No | No | 3.170153 | 0.01300 | 3.157153 | Actual/360 | 147,316.72 | 1,767,800.64 | 11/15/19 | 01/05/20 | ||
4 | JPMCB | Kings Plaza | No | No | 3.35880 | 0.01300 | 3.34580 | Actual/360 | 156,083.13 | 1,872,997.56 | 12/03/19 | 02/01/20 | ||
5 | JPMCB | 1501 Broadway | No | No | 3.03200 | 0.01300 | 3.01900 | Actual/360 | 140,896.76 | 1,690,761.12 | 12/12/19 | 02/06/20 | ||
6 | CREFI | 805 Third Avenue | No | No | 4.24000 | 0.01300 | 4.22700 | Actual/360 | 197,032.41 | 2,364,388.92 | 11/08/19 | 01/06/20 | ||
7 | GACC | 55 Hudson Yards | No | No | 2.95000 | 0.01300 | 2.93700 | Actual/360 | 130,730.41 | 1,568,764.92 | 11/21/19 | 01/06/20 | ||
8 | GACC | Southcenter Mall | No | No | 2.88000 | 0.01425 | 2.86575 | Actual/360 | 121,666.67 | 1,460,000.04 | 12/11/19 | 02/01/20 | ||
9 | JPMCB | 181 West Madison | No | No | 3.90000 | 0.01300 | 3.88700 | Actual/360 | 164,756.94 | 1,977,083.28 | 11/27/19 | 01/01/20 | ||
10 | CREFI | Parkmerced | No | No | 2.72457 | 0.01300 | 2.71157 | 30/360 | 102,171.38 | 1,226,056.56 | 11/26/19 | 01/09/20 | ||
11 | GACC | 560 Mission Street | No | No | 2.58900 | 0.01300 | 2.57600 | Actual/360 | 98,435.94 | 1,181,231.28 | 12/05/19 | 01/06/20 | ||
12 | GACC | Starwood Industrial Portfolio | No | No | 3.23100 | 0.01425 | 3.21675 | Actual/360 | 107,830.89 | 1,293,970.68 | 11/26/19 | 01/06/20 | ||
12.01 | GACC | 101 45th Street | ||||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | ||||||||||||
12.03 | GACC | 8401 Bearing Drive | ||||||||||||
12.04 | GACC | 5900 North Meadows Drive | ||||||||||||
12.05 | GACC | 5701 North Meadows Drive | ||||||||||||
12.06 | GACC | 8421 Bearing Drive | ||||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | ||||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | ||||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | ||||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | ||||||||||||
12.11 | GACC | 1901 Northwind Parkway | ||||||||||||
12.12 | GACC | 333 45th Street | ||||||||||||
12.13 | GACC | 221 South Swift Road | ||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | ||||||||||||
12.15 | GACC | 2240 Creekside Parkway | ||||||||||||
12.16 | GACC | 201 South Swift Road | ||||||||||||
12.17 | GACC | 8441 Bearing Drive | ||||||||||||
12.18 | GACC | 4700 Ironwood Drive | ||||||||||||
12.19 | GACC | 4410 North 132nd Street | ||||||||||||
12.20 | GACC | 999 Gerdt Court | ||||||||||||
12.21 | GACC | 480 45th Street | ||||||||||||
12.22 | GACC | 12857 South Hamlin Court | ||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | ||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | ||||||||||||
12.25 | GACC | 1245 Lakeside Drive | ||||||||||||
12.26 | GACC | 3890 Perry Boulevard | ||||||||||||
12.27 | GACC | 215 45th Street | ||||||||||||
12.28 | GACC | 845 Telser Road | ||||||||||||
12.29 | GACC | 1851 Northwind Parkway | ||||||||||||
12.30 | GACC | 1650 Northwind Parkway | ||||||||||||
12.31 | GACC | 225 45th Street | ||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | ||||||||||||
12.33 | GACC | 235 45th Street | ||||||||||||
13 | CREFI | 650 Madison Avenue | No | No | 3.48600 | 0.01300 | 3.47300 | Actual/360 | 111,628.66 | 1,339,543.92 | 11/26/19 | 01/08/20 |
A-1-3
ANNEX A-1
Rem. | Rem. | Payment | Grace Period | Grace Period | Final | Maturity/ARD | Maturity | Prepayment | ||||||||
Loan # | Seller | Property Name | Term | Amort | I/O Period | Seasoning | Due Date | (Late Payment) | (Default) | Maturity Date | ARD Loan | Mat Date | Balance ($) | LTV % | Provision (Payments) | |
1 | JPMCB/GACC | 1633 Broadway | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 12/06/29 | No | 12/06/29 | 64,650,000 | 41.7% | L(26),Def(87),O(7) | |
2 | GACC | F5 Tower | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/30 | Yes | 09/06/33 | 55,500,000 | 39.4% | L(24),Grtr1%orYM(1),DeforGrtr1%orYM(88),O(7) | |
3 | JPMCB/CREFI | Bellagio Hotel and Casino | 118 | 0 | 120 | 2 | 5 | 0 | 0 | 12/05/29 | No | 12/05/29 | 55,000,000 | 39.3% | Grtr0.5%orYM(26),DeforGrtr0.5%orYM(87),O(7) | |
4 | JPMCB | Kings Plaza | 119 | 0 | 120 | 1 | 1 | 5 | 0 | 01/01/30 | No | 01/01/30 | 55,000,000 | 54.1% | L(25),Grtr1%orYM(90),O(5) | |
5 | JPMCB | 1501 Broadway | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/30 | No | 01/06/30 | 55,000,000 | 22.2% | L(25),Def(90),O(5) | |
6 | CREFI | 805 Third Avenue | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 12/06/29 | No | 12/06/29 | 55,000,000 | 32.6% | L(26),Def(87),O(7) | |
7 | GACC | 55 Hudson Yards | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 12/06/29 | No | 12/06/29 | 52,450,000 | 39.4% | L(26),DeforGrtr1%orYM(87),O(7) | |
8 | GACC | Southcenter Mall | 119 | 0 | 120 | 1 | 1 | 5 | 5 | 01/01/30 | No | 01/01/30 | 50,000,000 | 22.2% | L(25),DeforGrtr1%orYM(91),O(4) | |
9 | JPMCB | 181 West Madison | 82 | 0 | 84 | 2 | 1 | 0 | 0 | 12/01/26 | No | 12/01/26 | 50,000,000 | 28.8% | L(26),Def(53),O(5) | |
10 | CREFI | Parkmerced | 58 | 0 | 60 | 2 | 9 | 0 | 0 | 12/09/24 | No | 12/09/24 | 45,000,000 | 25.9% | YM(57),O(3) | |
11 | GACC | 560 Mission Street | 118 | 0 | 120 | 2 | 6 | 5 | 0 | 12/06/29 | No | 12/06/29 | 45,000,000 | 35.6% | L(26),DeforGrtr1%orYM(87),O(7) | |
12 | GACC | Starwood Industrial Portfolio | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 12/06/29 | No | 12/06/29 | 39,500,000 | 45.2% | L(26),Def(90),O(4) | |
12.01 | GACC | 101 45th Street | 3,017,061 | |||||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | 2,324,620 | |||||||||||||
12.03 | GACC | 8401 Bearing Drive | 2,262,795 | |||||||||||||
12.04 | GACC | 5900 North Meadows Drive | 2,003,130 | |||||||||||||
12.05 | GACC | 5701 North Meadows Drive | 1,842,385 | |||||||||||||
12.06 | GACC | 8421 Bearing Drive | 1,595,085 | |||||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | 1,545,625 | |||||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | 1,508,530 | |||||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | 1,483,800 | |||||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | 1,421,975 | |||||||||||||
12.11 | GACC | 1901 Northwind Parkway | 1,372,515 | |||||||||||||
12.12 | GACC | 333 45th Street | 1,310,690 | |||||||||||||
12.13 | GACC | 221 South Swift Road | 1,261,230 | |||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | 1,187,040 | |||||||||||||
12.15 | GACC | 2240 Creekside Parkway | 1,137,580 | |||||||||||||
12.16 | GACC | 201 South Swift Road | 1,125,215 | |||||||||||||
12.17 | GACC | 8441 Bearing Drive | 1,112,850 | |||||||||||||
12.18 | GACC | 4700 Ironwood Drive | 1,088,120 | |||||||||||||
12.19 | GACC | 4410 North 132nd Street | 1,051,025 | |||||||||||||
12.20 | GACC | 999 Gerdt Court | 1,026,295 | |||||||||||||
12.21 | GACC | 480 45th Street | 1,013,930 | |||||||||||||
12.22 | GACC | 12857 South Hamlin Court | 964,470 | |||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | 902,645 | |||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | 890,280 | |||||||||||||
12.25 | GACC | 1245 Lakeside Drive | 778,995 | |||||||||||||
12.26 | GACC | 3890 Perry Boulevard | 766,630 | |||||||||||||
12.27 | GACC | 215 45th Street | 562,608 | |||||||||||||
12.28 | GACC | 845 Telser Road | 556,425 | |||||||||||||
12.29 | GACC | 1851 Northwind Parkway | 556,425 | |||||||||||||
12.30 | GACC | 1650 Northwind Parkway | 494,600 | |||||||||||||
12.31 | GACC | 225 45th Street | 494,600 | |||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | 482,235 | |||||||||||||
12.33 | GACC | 235 45th Street | 358,585 | |||||||||||||
13 | CREFI | 650 Madison Avenue | 118 | 0 | 120 | 2 | 8 | 3 | 0 | 12/08/29 | No | 12/08/29 | 37,900,000 | 48.5% | L(26),Def(87),O(7) |
A-1-4
ANNEX A-1
HISTORICAL FINANCIALS | |||||||||||||||
2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | Most Recent | Most Recent | Most Recent | ||||
Loan # | Seller | Property Name | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | As of |
1 | JPMCB/GACC | 1633 Broadway | 155,689,790 | 61,868,404 | 93,821,386 | 159,464,803 | 65,274,796 | 94,190,007 | 179,219,236 | 70,120,786 | 109,098,450 | 182,760,348 | 71,951,033 | 110,809,315 | 09/30/19 |
2 | GACC | F5 Tower | 31,110,161 | 8,731,929 | 22,378,232 | T1 Annualized 12/31/2019 | |||||||||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | 1,364,138,212 | 883,316,117 | 480,822,095 | 1,365,570,769 | 859,834,535 | 505,736,234 | 1,367,835,267 | 877,969,225 | 489,866,042 | 1,349,062,464 | 874,997,149 | 474,065,315 | 09/30/19 |
4 | JPMCB | Kings Plaza | 71,759,240 | 29,160,529 | 42,598,711 | 64,923,243 | 25,486,495 | 39,436,748 | 69,684,148 | 27,595,961 | 42,088,187 | 76,315,642 | 28,858,298 | 47,457,344 | 09/30/19 |
5 | JPMCB | 1501 Broadway | 38,584,990 | 19,391,068 | 19,193,922 | 40,459,655 | 20,217,261 | 20,242,394 | 44,459,219 | 20,188,804 | 24,270,415 | 45,988,841 | 21,992,510 | 23,996,331 | 09/30/19 |
6 | CREFI | 805 Third Avenue | 30,653,344 | 14,898,290 | 15,755,054 | 29,950,919 | 15,081,158 | 14,869,761 | 31,876,971 | 15,290,213 | 16,586,758 | 31,859,168 | 15,087,482 | 16,771,686 | 08/31/19 |
7 | GACC | 55 Hudson Yards | |||||||||||||
8 | GACC | Southcenter Mall | 62,363,757 | 17,594,460 | 44,769,297 | 61,877,793 | 18,294,166 | 43,583,627 | 63,260,401 | 19,078,116 | 44,182,284 | 60,001,063 | 18,292,261 | 41,708,802 | 10/31/19 |
9 | JPMCB | 181 West Madison | 38,996,305 | 15,793,194 | 23,203,111 | 38,476,327 | 17,173,921 | 21,302,406 | 39,800,913 | 17,954,617 | 21,846,296 | 09/30/19 | |||
10 | CREFI | Parkmerced | 83,181,077 | 38,976,882 | 44,204,195 | 90,052,338 | 40,409,981 | 49,642,357 | 95,282,237 | 41,596,712 | 53,685,525 | 99,501,311 | 43,742,948 | 55,758,363 | 08/31/19 |
11 | GACC | 560 Mission Street | 50,385,582 | 12,540,816 | 37,844,766 | 42,356,897 | 11,585,462 | 30,771,436 | 49,571,805 | 11,702,280 | 37,869,525 | 50,792,721 | 12,479,248 | 38,313,473 | 09/30/19 |
12 | GACC | Starwood Industrial Portfolio | 21,058,823 | 4,735,117 | 16,323,706 | 22,326,752 | 5,213,552 | 17,113,200 | |||||||
12.01 | GACC | 101 45th Street | 1,650,705 | 472,856 | 1,177,849 | 946,261 | 557,687 | 388,574 | |||||||
12.02 | GACC | 4820-4850 Indianapolis Road | 627,749 | 135,220 | 492,529 | 1,183,932 | 160,064 | 1,023,868 | |||||||
12.03 | GACC | 8401 Bearing Drive | 1,286,864 | 139,410 | 1,147,454 | 1,520,727 | 247,258 | 1,273,469 | |||||||
12.04 | GACC | 5900 North Meadows Drive | 892,360 | 508,885 | 383,475 | 1,269,866 | 554,658 | 715,207 | |||||||
12.05 | GACC | 5701 North Meadows Drive | 1,293,772 | 464,854 | 828,918 | 1,348,864 | 493,248 | 855,616 | |||||||
12.06 | GACC | 8421 Bearing Drive | 757,259 | 86,472 | 670,787 | 738,237 | 126,425 | 611,812 | |||||||
12.07 | GACC | 6451-6471 Northwind Parkway | 717,424 | 128,860 | 588,565 | 902,730 | 144,034 | 758,696 | |||||||
12.08 | GACC | 4910-4938 Indianapolis Road | 444,731 | 135,298 | 309,433 | 761,921 | 97,686 | 664,235 | |||||||
12.09 | GACC | 6221-6241 Northwind Parkway | 899,965 | 237,017 | 662,948 | 932,905 | 277,082 | 655,822 | |||||||
12.10 | GACC | 775 Commerce Parkway West Drive | 503,357 | 68,700 | 434,657 | 520,062 | 70,481 | 449,581 | |||||||
12.11 | GACC | 1901 Northwind Parkway | 1,011,074 | 209,378 | 801,696 | 1,080,973 | 217,303 | 863,670 | |||||||
12.12 | GACC | 333 45th Street | 651,000 | 22,627 | 628,373 | 651,000 | 27,309 | 623,691 | |||||||
12.13 | GACC | 221 South Swift Road | 476,300 | 15,074 | 461,226 | 565,675 | 19,506 | 546,169 | |||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | 839,587 | 118,769 | 720,818 | 770,953 | 111,683 | 659,270 | |||||||
12.15 | GACC | 2240 Creekside Parkway | 646,718 | 52,362 | 594,357 | 688,887 | 80,991 | 607,896 | |||||||
12.16 | GACC | 201 South Swift Road | 488,184 | 194,393 | 293,791 | 641,561 | 181,762 | 459,799 | |||||||
12.17 | GACC | 8441 Bearing Drive | 376,927 | 88,330 | 288,597 | 581,294 | 111,666 | 469,628 | |||||||
12.18 | GACC | 4700 Ironwood Drive | 743,927 | 186,720 | 557,207 | 722,520 | 166,173 | 556,348 | |||||||
12.19 | GACC | 4410 North 132nd Street | 724,771 | 213,364 | 511,406 | 626,181 | 230,490 | 395,692 | |||||||
12.20 | GACC | 999 Gerdt Court | 679,399 | 183,851 | 495,548 | 666,142 | 171,473 | 494,669 | |||||||
12.21 | GACC | 480 45th Street | 569,471 | 20,893 | 548,578 | 353,643 | 96,641 | 257,002 | |||||||
12.22 | GACC | 12857 South Hamlin Court | 585,217 | 164,051 | 421,166 | 618,715 | 194,648 | 424,067 | |||||||
12.23 | GACC | 1695 Glen Ellyn Road | 595,571 | 139,684 | 455,887 | 600,532 | 138,413 | 462,119 | |||||||
12.24 | GACC | 1701-1721 Northwind Parkway | 644,871 | 185,735 | 459,135 | 662,171 | 194,092 | 468,079 | |||||||
12.25 | GACC | 1245 Lakeside Drive | 417,576 | 143,974 | 273,602 | 407,773 | 161,805 | 245,968 | |||||||
12.26 | GACC | 3890 Perry Boulevard | 386,242 | 58,482 | 327,760 | 396,331 | 66,688 | 329,644 | |||||||
12.27 | GACC | 215 45th Street | 296,833 | 9,916 | 286,917 | 303,333 | 11,967 | 291,366 | |||||||
12.28 | GACC | 845 Telser Road | 313,289 | 41,272 | 272,018 | 342,147 | 48,087 | 294,060 | |||||||
12.29 | GACC | 1851 Northwind Parkway | 340,668 | 54,854 | 285,814 | 333,543 | 38,768 | 294,775 | |||||||
12.30 | GACC | 1650 Northwind Parkway | 255,915 | 10,671 | 245,245 | 264,019 | 12,264 | 251,755 | |||||||
12.31 | GACC | 225 45th Street | 238,125 | 12,729 | 225,396 | 242,625 | 9,622 | 233,003 | |||||||
12.32 | GACC | 1600-1640 Northwind Parkway | 449,668 | 143,743 | 305,924 | 432,396 | 130,109 | 302,287 | |||||||
12.33 | GACC | 235 45th Street | 253,304 | 86,673 | 166,631 | 248,831 | 63,469 | 185,362 | |||||||
13 | CREFI | 650 Madison Avenue | 67,178,535 | 24,477,341 | 42,701,194 | 72,488,704 | 25,947,358 | 46,541,346 | 75,039,495 | 26,481,999 | 48,557,496 | 78,288,218 | 27,326,681 | 50,961,537 | 09/30/19 |
A-1-5
ANNEX A-1
UW | ||||||||||||
Economic | UW | UW Total | UW | UW Capital | UW | UW | UW NCF | UW NOI | UW NCF | |||
Loan # | Seller | Property Name | Occupancy % | Revenues ($) | Expenses ($) | NOI ($) | Items ($) | NCF ($) | NOI DSCR | DSCR | Debt Yield % | Debt Yield % |
1 | JPMCB/GACC | 1633 Broadway | 95.9% | 190,585,947 | 71,435,784 | 119,150,163 | 2,472,436 | 116,677,727 | 3.93 | 3.84 | 11.9% | 11.7% |
2 | GACC | F5 Tower | 95.2% | 32,787,852 | 8,792,416 | 23,995,436 | 876,381 | 23,119,056 | 3.46 | 3.33 | 13.0% | 12.5% |
3 | JPMCB/CREFI | Bellagio Hotel and Casino | 94.8% | 1,349,062,464 | 874,997,149 | 474,065,315 | 20,235,937 | 453,829,378 | 8.80 | 8.42 | 28.3% | 27.1% |
4 | JPMCB | Kings Plaza | 95.0% | 81,045,187 | 29,004,262 | 52,040,925 | 1,134,954 | 50,905,970 | 3.14 | 3.07 | 10.7% | 10.5% |
5 | JPMCB | 1501 Broadway | 81.6% | 50,507,018 | 22,848,219 | 27,658,799 | 870,216 | 26,788,583 | 4.50 | 4.36 | 13.8% | 13.4% |
6 | CREFI | 805 Third Avenue | 91.3% | 33,275,196 | 15,020,787 | 18,254,409 | 1,319,220 | 16,935,189 | 2.83 | 2.63 | 12.2% | 11.3% |
7 | GACC | 55 Hudson Yards | 96.6% | 149,111,008 | 45,210,677 | 103,900,331 | 3,864,272 | 100,036,059 | 3.68 | 3.54 | 11.0% | 10.6% |
8 | GACC | Southcenter Mall | 90.7% | 59,376,497 | 16,700,013 | 42,676,484 | 1,127,618 | 41,548,866 | 6.70 | 6.53 | 19.6% | 19.1% |
9 | JPMCB | 181 West Madison | 92.0% | 41,394,765 | 19,384,258 | 22,010,506 | 2,081,418 | 19,929,089 | 5.16 | 4.67 | 20.4% | 18.5% |
10 | CREFI | Parkmerced | 91.9% | 102,983,881 | 42,514,116 | 60,469,764 | 791,250 | 59,678,514 | 4.06 | 4.00 | 11.1% | 10.9% |
11 | GACC | 560 Mission Street | 96.0% | 54,738,187 | 12,064,089 | 42,674,098 | 1,469,928 | 41,204,170 | 5.42 | 5.23 | 14.2% | 13.7% |
12 | GACC | Starwood Industrial Portfolio | 95.0% | 26,338,363 | 7,461,253 | 18,877,110 | 1,493,800 | 17,383,310 | 3.99 | 3.67 | 13.1% | 12.0% |
12.01 | GACC | 101 45th Street | 95.0% | 2,182,784 | 554,260 | 1,628,525 | 113,164 | 1,515,360 | ||||
12.02 | GACC | 4820-4850 Indianapolis Road | 95.0% | 1,289,010 | 255,245 | 1,033,764 | 101,033 | 932,732 | ||||
12.03 | GACC | 8401 Bearing Drive | 95.0% | 1,370,682 | 285,114 | 1,085,568 | 87,316 | 998,252 | ||||
12.04 | GACC | 5900 North Meadows Drive | 95.0% | 1,474,095 | 617,838 | 856,257 | 94,656 | 761,601 | ||||
12.05 | GACC | 5701 North Meadows Drive | 95.0% | 1,383,753 | 584,653 | 799,101 | 92,161 | 706,940 | ||||
12.06 | GACC | 8421 Bearing Drive | 95.0% | 887,036 | 186,509 | 700,527 | 46,678 | 653,850 | ||||
12.07 | GACC | 6451-6471 Northwind Parkway | 95.0% | 959,134 | 199,654 | 759,480 | 58,043 | 701,437 | ||||
12.08 | GACC | 4910-4938 Indianapolis Road | 95.0% | 809,898 | 143,521 | 666,377 | 53,625 | 612,752 | ||||
12.09 | GACC | 6221-6241 Northwind Parkway | 95.0% | 1,026,222 | 382,298 | 643,924 | 57,658 | 586,266 | ||||
12.10 | GACC | 775 Commerce Parkway West Drive | 95.0% | 799,547 | 101,972 | 697,575 | 52,884 | 644,690 | ||||
12.11 | GACC | 1901 Northwind Parkway | 95.0% | 1,089,747 | 321,906 | 767,840 | 48,577 | 719,263 | ||||
12.12 | GACC | 333 45th Street | 95.0% | 919,741 | 271,897 | 647,844 | 52,668 | 595,176 | ||||
12.13 | GACC | 221 South Swift Road | 95.0% | 788,278 | 259,290 | 528,987 | 43,181 | 485,806 | ||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | 95.0% | 700,785 | 114,411 | 586,374 | 39,764 | 546,610 | ||||
12.15 | GACC | 2240 Creekside Parkway | 95.0% | 910,231 | 348,263 | 561,968 | 49,637 | 512,332 | ||||
12.16 | GACC | 201 South Swift Road | 95.0% | 748,895 | 294,227 | 454,668 | 36,896 | 417,772 | ||||
12.17 | GACC | 8441 Bearing Drive | 95.0% | 625,134 | 161,410 | 463,724 | 42,194 | 421,531 | ||||
12.18 | GACC | 4700 Ironwood Drive | 95.0% | 721,128 | 184,917 | 536,211 | 43,992 | 492,219 | ||||
12.19 | GACC | 4410 North 132nd Street | 95.0% | 787,646 | 279,074 | 508,572 | 40,784 | 467,788 | ||||
12.20 | GACC | 999 Gerdt Court | 95.0% | 679,876 | 232,655 | 447,221 | 45,304 | 401,917 | ||||
12.21 | GACC | 480 45th Street | 95.0% | 765,833 | 161,078 | 604,755 | 38,056 | 566,700 | ||||
12.22 | GACC | 12857 South Hamlin Court | 95.0% | 664,701 | 193,301 | 471,400 | 25,724 | 445,676 | ||||
12.23 | GACC | 1695 Glen Ellyn Road | 95.0% | 612,878 | 144,685 | 468,193 | 22,921 | 445,272 | ||||
12.24 | GACC | 1701-1721 Northwind Parkway | 95.0% | 685,154 | 244,477 | 440,678 | 36,062 | 404,616 | ||||
12.25 | GACC | 1245 Lakeside Drive | 95.0% | 500,222 | 191,069 | 309,153 | 25,322 | 283,831 | ||||
12.26 | GACC | 3890 Perry Boulevard | 95.0% | 412,923 | 91,318 | 321,605 | 24,877 | 296,728 | ||||
12.27 | GACC | 215 45th Street | 95.0% | 401,686 | 112,543 | 289,143 | 23,808 | 265,335 | ||||
12.28 | GACC | 845 Telser Road | 95.0% | 369,948 | 56,349 | 313,598 | 12,463 | 301,135 | ||||
12.29 | GACC | 1851 Northwind Parkway | 95.0% | 350,028 | 44,891 | 305,137 | 12,669 | 292,468 | ||||
12.30 | GACC | 1650 Northwind Parkway | 95.0% | 338,170 | 96,420 | 241,750 | 19,205 | 222,544 | ||||
12.31 | GACC | 225 45th Street | 95.0% | 331,235 | 106,702 | 224,533 | 17,196 | 207,338 | ||||
12.32 | GACC | 1600-1640 Northwind Parkway | 95.0% | 501,937 | 168,716 | 333,220 | 21,619 | 311,602 | ||||
12.33 | GACC | 235 45th Street | 95.0% | 250,027 | 70,590 | 179,438 | 13,664 | 165,774 | ||||
13 | CREFI | 650 Madison Avenue | 96.3% | 87,327,989 | 28,901,495 | 58,426,495 | 1,650,104 | 56,776,391 | 2.82 | 2.74 | 10.0% | 9.7% |
A-1-6
ANNEX A-1
UPFRONT ESCROW | ||||||||||||||||
Ground Lease | Ground Lease | Franchise | Upfront Capex | Upfront Engin. | Upfront Envir. | Upfront TI/LC | Upfront RE Tax | Upfront Ins. | Upfront Debt Service | Upfront Other | ||||||
Loan # | Seller | Property Name | Title Type | Expiration | Extension Terms | Expiration Date | PML % | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | |
1 | JPMCB/GACC | 1633 Broadway | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,389,727 | |||||
2 | GACC | F5 Tower | Fee | 9% | 0 | 0 | 0 | 0 | 644,935 | 0 | 0 | 0 | ||||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | Fee/Leasehold | 04/27/2033 | Two, 20-year options | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
4 | JPMCB | Kings Plaza | Fee/Leasehold | 05/28/2028 | Three, 10-year options followed by one, nine-year option | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
5 | JPMCB | 1501 Broadway | Fee | 0 | 955,000 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
6 | CREFI | 805 Third Avenue | Fee | 0 | 458,500 | 0 | 4,000,000 | 0 | 0 | 0 | 713,361 | |||||
7 | GACC | 55 Hudson Yards | Fee | 0 | 0 | 0 | 34,260,641 | 0 | 0 | 0 | 26,956,977 | |||||
8 | GACC | Southcenter Mall | Fee/Leasehold | 06/30/2045 | None | 10% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
9 | JPMCB | 181 West Madison | Fee | 0 | 0 | 0 | 157,683 | 0 | 0 | 0 | 2,822,678 | |||||
10 | CREFI | Parkmerced | Fee | 18% | 0 | 108,207 | 0 | 0 | 795,083 | 0 | 0 | 0 | ||||
11 | GACC | 560 Mission Street | Fee | 9% | 0 | 0 | 0 | 2,152,612 | 0 | 0 | 0 | 0 | ||||
12 | GACC | Starwood Industrial Portfolio | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 880,000 | |||||
12.01 | GACC | 101 45th Street | Fee | |||||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | Fee | |||||||||||||
12.03 | GACC | 8401 Bearing Drive | Fee | |||||||||||||
12.04 | GACC | 5900 North Meadows Drive | Fee | |||||||||||||
12.05 | GACC | 5701 North Meadows Drive | Fee | |||||||||||||
12.06 | GACC | 8421 Bearing Drive | Fee | |||||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | Fee | |||||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | Fee | |||||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | Fee | |||||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | Fee | |||||||||||||
12.11 | GACC | 1901 Northwind Parkway | Fee | |||||||||||||
12.12 | GACC | 333 45th Street | Fee | |||||||||||||
12.13 | GACC | 221 South Swift Road | Fee | |||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | Fee | |||||||||||||
12.15 | GACC | 2240 Creekside Parkway | Fee | |||||||||||||
12.16 | GACC | 201 South Swift Road | Fee | |||||||||||||
12.17 | GACC | 8441 Bearing Drive | Fee | |||||||||||||
12.18 | GACC | 4700 Ironwood Drive | Fee | |||||||||||||
12.19 | GACC | 4410 North 132nd Street | Fee | |||||||||||||
12.20 | GACC | 999 Gerdt Court | Fee | |||||||||||||
12.21 | GACC | 480 45th Street | Fee | |||||||||||||
12.22 | GACC | 12857 South Hamlin Court | Fee | |||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | Fee | |||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | Fee | |||||||||||||
12.25 | GACC | 1245 Lakeside Drive | Fee | |||||||||||||
12.26 | GACC | 3890 Perry Boulevard | Fee | |||||||||||||
12.27 | GACC | 215 45th Street | Fee | |||||||||||||
12.28 | GACC | 845 Telser Road | Fee | |||||||||||||
12.29 | GACC | 1851 Northwind Parkway | Fee | |||||||||||||
12.30 | GACC | 1650 Northwind Parkway | Fee | |||||||||||||
12.31 | GACC | 225 45th Street | Fee | |||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | Fee | |||||||||||||
12.33 | GACC | 235 45th Street | Fee | |||||||||||||
13 | CREFI | 650 Madison Avenue | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,576,014 |
A-1-7
ANNEX A-1
MONTHLY ESCROW | |||||||||||
Other Upfront | Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | Other Monthly | ||||
Loan # | Seller | Property Name | Description ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description ($) | |
1 | JPMCB/GACC | 1633 Broadway | Unfunded Obligations Reserve | Springing | 0 | Springing | Springing | Springing | 0 | ||
2 | GACC | F5 Tower | Springing | 0 | 0 | 214,978 | Springing | Springing | Lease Sweep Reserve | ||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | Springing | 0 | 0 | Springing | Springing | 0 | |||
4 | JPMCB | Kings Plaza | Springing | 0 | Springing | Springing | Springing | Springing | Ground Rent Reserve | ||
5 | JPMCB | 1501 Broadway | 0 | 0 | 0 | Springing | Springing | 0 | |||
6 | CREFI | 805 Third Avenue | Unfunded Obligation Reserve | 9,807 | 0 | Springing | 700,333 | Springing | 0 | ||
7 | GACC | 55 Hudson Yards | Free Rent Escrow Reserve: 11,482,346; Milbank Escrow Reserve: 11,000,000; MarketAxess Escrow Reserve: 4,474,631 | Springing | 0 | Springing | Springing | Springing | 0 | ||
8 | GACC | Southcenter Mall | Springing | 0 | Springing | Springing | Springing | Springing | Parking Area Rent Reserve | ||
9 | JPMCB | 181 West Madison | Free Rent Reserve: 1,532,852; Outstanding Rollover Reserve: 1,229,826; Outstanding Capex Reserve: 60,000 | Springing | 0 | 157,683 | Springing | Springing | 0 | ||
10 | CREFI | Parkmerced | 65,938 | 0 | 0 | 795,083 | Springing | 0 | |||
11 | GACC | 560 Mission Street | Springing | 0 | Springing | Springing | Springing | 0 | |||
12 | GACC | Starwood Industrial Portfolio | Roof Repair Reserve | Springing | 0 | Springing | Springing | Springing | 0 | ||
12.01 | GACC | 101 45th Street | |||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | |||||||||
12.03 | GACC | 8401 Bearing Drive | |||||||||
12.04 | GACC | 5900 North Meadows Drive | |||||||||
12.05 | GACC | 5701 North Meadows Drive | |||||||||
12.06 | GACC | 8421 Bearing Drive | |||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | |||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | |||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | |||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | |||||||||
12.11 | GACC | 1901 Northwind Parkway | |||||||||
12.12 | GACC | 333 45th Street | |||||||||
12.13 | GACC | 221 South Swift Road | |||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | |||||||||
12.15 | GACC | 2240 Creekside Parkway | |||||||||
12.16 | GACC | 201 South Swift Road | |||||||||
12.17 | GACC | 8441 Bearing Drive | |||||||||
12.18 | GACC | 4700 Ironwood Drive | |||||||||
12.19 | GACC | 4410 North 132nd Street | |||||||||
12.20 | GACC | 999 Gerdt Court | |||||||||
12.21 | GACC | 480 45th Street | |||||||||
12.22 | GACC | 12857 South Hamlin Court | |||||||||
12.23 | GACC | 1695 Glen Ellyn Road | |||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | |||||||||
12.25 | GACC | 1245 Lakeside Drive | |||||||||
12.26 | GACC | 3890 Perry Boulevard | |||||||||
12.27 | GACC | 215 45th Street | |||||||||
12.28 | GACC | 845 Telser Road | |||||||||
12.29 | GACC | 1851 Northwind Parkway | |||||||||
12.30 | GACC | 1650 Northwind Parkway | |||||||||
12.31 | GACC | 225 45th Street | |||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | |||||||||
12.33 | GACC | 235 45th Street | |||||||||
13 | CREFI | 650 Madison Avenue | Free Rent Reserve: 6,378,315; Unfunded Obligations: 3,197,699 | Springing | 0 | Springing | Springing | Springing | 0 |
A-1-8
ANNEX A-1
RESERVE CAPS | LARGEST TENANT | 2nd LARGEST TENANT | |||||||||||||||||
CapEx | Envir. | TI/LC | RE Tax | Insur. | Debt Service | Other | Single | Lease | Lease | ||||||||||
Loan # | Seller | Property Name | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Tenant | Largest Tenant | Unit Size | Expiration | 2nd Largest Tenant | Unit Size | Expiration | |||
1 | JPMCB/GACC | 1633 Broadway | 1,024,605 | 5,123,024 | No | Allianz Asset Management of America L.P. | 320,911 | 01/31/31 | WMG Acquisition Corp | 293,888 | 07/31/29 | ||||||||
2 | GACC | F5 Tower | Various | Yes | F5 Networks, Inc. | 515,518 | 09/30/33 | ||||||||||||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | No | ||||||||||||||||
4 | JPMCB | Kings Plaza | 24 times monthly constant | 24 times monthly constant | No | Lowe’s Home Centers | 114,000 | 05/31/28 | Primark | 102,805 | 07/31/38 | ||||||||
5 | JPMCB | 1501 Broadway | No | Hardesty & Hanover | 52,364 | 12/31/30 | Tremor Video | 50,965 | 01/31/25 | ||||||||||
6 | CREFI | 805 Third Avenue | 450,000 | 4,000,000 | No | Meredith Corporation | 212,594 | 12/31/26 | Toyota Tsusho America, Inc. | 41,322 | 11/30/22 | ||||||||
7 | GACC | 55 Hudson Yards | No | Point72 | 332,283 | 04/30/34 | Milbank, Tweed, Hadley & McCloy | 287,333 | 03/31/34 | ||||||||||
8 | GACC | Southcenter Mall | 148,783 | 978,835 | No | American Multi-Cinema | 70,000 | 07/31/23 | Seafood City | 44,413 | 07/15/25 | ||||||||
9 | JPMCB | 181 West Madison | 567,660 | 7,000,000 | No | The Northern Trust Company | 400,030 | 12/31/25 | Quantitative Risk Management Inc | 107,092 | 03/31/22 | ||||||||
10 | CREFI | Parkmerced | No | ||||||||||||||||
11 | GACC | 560 Mission Street | 267,260 | 2,004,447 | No | JP Morgan | 246,384 | 09/30/25 | EY | 122,760 | 12/31/28 | ||||||||
12 | GACC | Starwood Industrial Portfolio | 1,221,119 | 2,849,277 | Various | ||||||||||||||
12.01 | GACC | 101 45th Street | No | McJunkin Corp. | 140,980 | 12/31/23 | FedEx Ground Package Systems, Inc. | 76,993 | 07/31/22 | ||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | No | Cummins Inc. | 171,000 | 08/10/21 | Hyperikon, Inc. | 152,000 | 01/31/23 | ||||||||||
12.03 | GACC | 8401 Bearing Drive | No | The Harvard Drug Store | 196,200 | 06/30/25 | MS International | 70,200 | 05/31/26 | ||||||||||
12.04 | GACC | 5900 North Meadows Drive | Yes | CTDI | 269,831 | 02/28/23 | |||||||||||||
12.05 | GACC | 5701 North Meadows Drive | No | ODW Logistics | 190,400 | 11/30/23 | Expresspoint Technology Services | 78,505 | 01/31/24 | ||||||||||
12.06 | GACC | 8421 Bearing Drive | No | Sankyo America | 67,850 | 11/30/25 | Business Furniture | 56,350 | 03/31/26 | ||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | No | Calpipe Industries | 105,952 | 03/31/23 | Foremost Groups | 53,861 | 07/31/22 | ||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | No | Stephen Gould Corp. | 130,000 | 03/31/30 | Alliance Healthcare Services | 26,000 | 06/30/24 | ||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | No | Foremost Groups | 87,985 | 11/30/20 | Prologix Distribution (ANC) | 62,015 | 10/31/22 | ||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | Yes | Poynter Sheet Metal | 155,000 | 12/31/34 | |||||||||||||
12.11 | GACC | 1901 Northwind Parkway | No | Furmanite America | 36,782 | 08/31/21 | Americall Group | 35,000 | 02/28/21 | ||||||||||
12.12 | GACC | 333 45th Street | Yes | Staley | 140,000 | 07/31/24 | |||||||||||||
12.13 | GACC | 221 South Swift Road | Yes | Mondelez | 110,000 | 08/31/20 | |||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | Yes | Anixter International, Inc. | 105,444 | 06/30/30 | |||||||||||||
12.15 | GACC | 2240 Creekside Parkway | Yes | Meadowbrook Meat Company | 125,000 | 03/31/24 | |||||||||||||
12.16 | GACC | 201 South Swift Road | Yes | Men’s Warehouse | 85,000 | 05/31/23 | |||||||||||||
12.17 | GACC | 8441 Bearing Drive | Yes | Old Castle | 124,200 | 05/31/32 | |||||||||||||
12.18 | GACC | 4700 Ironwood Drive | Yes | API Heat Transfer | 123,200 | 07/31/26 | |||||||||||||
12.19 | GACC | 4410 North 132nd Street | No | Keystone Automotive Industries | 48,282 | 11/30/25 | Snyder’s of Lance | 32,188 | 12/31/23 | ||||||||||
12.20 | GACC | 999 Gerdt Court | No | Poly-Tainer | 66,282 | 03/31/24 | NSK Corporation | 66,033 | 08/31/21 | ||||||||||
12.21 | GACC | 480 45th Street | Yes | Three Floyds Brewing, LLC. | 107,095 | 06/30/33 | |||||||||||||
12.22 | GACC | 12857 South Hamlin Court | Yes | Bimbo Bakeries | 45,000 | 11/30/29 | |||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | Yes | Bimbo Bakeries | 40,080 | 02/28/27 | |||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | No | Vision Integrated Graphics | 62,800 | 06/30/20 | Stevens Engineers & Constructors, Inc. | 31,986 | 09/30/20 | ||||||||||
12.25 | GACC | 1245 Lakeside Drive | Yes | Crown Corr | 59,976 | 08/31/24 | |||||||||||||
12.26 | GACC | 3890 Perry Boulevard | Yes | MWI Veterinary Supply Co. | 70,000 | 09/30/22 | |||||||||||||
12.27 | GACC | 215 45th Street | Yes | Carl Budding and Company | 65,000 | 04/30/21 | |||||||||||||
12.28 | GACC | 845 Telser Road | Yes | Bimbo Bakeries | 20,000 | 05/31/31 | |||||||||||||
12.29 | GACC | 1851 Northwind Parkway | Yes | Sunbelt Rentals | 18,120 | 05/31/30 | |||||||||||||
12.30 | GACC | 1650 Northwind Parkway | Yes | John Tillman & Co. | 50,400 | 10/31/22 | |||||||||||||
12.31 | GACC | 225 45th Street | Yes | Rockwell Automation | 45,000 | 07/31/20 | |||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | No | Steiner Electric | 18,960 | 08/31/22 | Rogers Supply Company | 18,271 | 04/30/23 | ||||||||||
12.33 | GACC | 235 45th Street | Yes | Holland Special Delivery | 35,000 | 09/30/24 | |||||||||||||
13 | CREFI | 650 Madison Avenue | No | Ralph Lauren Corporation | 277,016 | 12/31/24 | Memorial Sloan Kettering Cancer Center | 100,700 | 07/31/23 |
A-1-9
ANNEX A-1
3rd LARGEST TENANT | 4th LARGEST TENANT | 5th LARGEST TENANT | ||||||||||||||||
Lease | Lease | Lease | Loan | Lockbox | ||||||||||||||
Loan # | Seller | Property Name | 3rd Largest Tenant | Unit Size | Expiration | 4th Largest Tenant | Unit Size | Expiration | 5th Largest Tenant | Unit Size | Expiration | Purpose | Principal / Carveout Guarantor | (Y/N) | ||||
1 | JPMCB/GACC | 1633 Broadway | Showtime Networks Inc | 261,196 | 01/31/26 | Morgan Stanley & Co | 260,829 | 03/31/32 | Kasowitz Benson Torres | 203,394 | 03/31/37 | Refinance | Paramount Group Operating Partnership LP | Yes | ||||
2 | GACC | F5 Tower | Acquisition | FS KKR Capital Corp., FS KKR Capital Corp. II | Yes | |||||||||||||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | Acquisition | BREIT Operating Partnership L.P. | Yes | |||||||||||||
4 | JPMCB | Kings Plaza | JCPenney | 94,895 | 07/31/38 | Burlington | 55,078 | 07/31/28 | Best Buy | 53,371 | 01/31/32 | Refinance | The Macerich Partnership, L.P. | Yes | ||||
5 | JPMCB | 1501 Broadway | Hard Rock Café | 47,256 | 01/10/36 | REGUS | 39,854 | 11/30/24 | Goldberg Weprin Finkel Goldstein LLP | 25,573 | 11/30/23 | Refinance | NAP | Yes | ||||
6 | CREFI | 805 Third Avenue | Poten & Partners Inc. | 29,696 | 06/30/20 | Asset International, Inc. | 23,800 | 12/31/20 | YES Network, LLC | 23,800 | 05/31/22 | Refinance | Charles Steven Cohen | Yes | ||||
7 | GACC | 55 Hudson Yards | Cooley | 146,227 | 09/30/39 | Boies, Schiller & Flexner | 110,732 | 06/30/35 | Third Point | 89,043 | 07/31/29 | Recapitalization | Mitsui Fudosan America, Inc., The Related Companies, L.P., OP Olympic Capital Corp (US), Inc. | Yes | ||||
8 | GACC | Southcenter Mall | Round One | 40,576 | 07/31/25 | The Container Store | 25,452 | 02/28/27 | H&M | 24,506 | 01/31/29 | Refinance | URW WEA LLC | Yes | ||||
9 | JPMCB | 181 West Madison | The Marmon Group | 45,123 | 12/31/22 | CIBC | 42,414 | 12/31/29 | Factset Research Systems Inc. | 38,012 | 09/30/27 | Refinance | HNA Group North America LLC | Yes | ||||
10 | CREFI | Parkmerced | Refinance | Robert A. Rosania | Yes | |||||||||||||
11 | GACC | 560 Mission Street | TIAA-CREF | 64,696 | 09/30/27 | ARUP | 49,832 | 09/30/26 | Seyfarth Shaw | 49,695 | 09/30/27 | Recapitalization | National Office Partners LLC | Yes | ||||
12 | GACC | Starwood Industrial Portfolio | Acquisition | Starwood REIT Operating Partnership, L.P. | Yes | |||||||||||||
12.01 | GACC | 101 45th Street | List Industries | 66,098 | 05/31/24 | |||||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | ||||||||||||||||
12.03 | GACC | 8401 Bearing Drive | ||||||||||||||||
12.04 | GACC | 5900 North Meadows Drive | ||||||||||||||||
12.05 | GACC | 5701 North Meadows Drive | ||||||||||||||||
12.06 | GACC | 8421 Bearing Drive | ||||||||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | ||||||||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | ||||||||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | ||||||||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | ||||||||||||||||
12.11 | GACC | 1901 Northwind Parkway | Munch’s Supply | 29,655 | 10/31/21 | |||||||||||||
12.12 | GACC | 333 45th Street | ||||||||||||||||
12.13 | GACC | 221 South Swift Road | ||||||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | ||||||||||||||||
12.15 | GACC | 2240 Creekside Parkway | ||||||||||||||||
12.16 | GACC | 201 South Swift Road | ||||||||||||||||
12.17 | GACC | 8441 Bearing Drive | ||||||||||||||||
12.18 | GACC | 4700 Ironwood Drive | ||||||||||||||||
12.19 | GACC | 4410 North 132nd Street | Milwuakee Electric Tool Corp. | 19,530 | 12/31/25 | |||||||||||||
12.20 | GACC | 999 Gerdt Court | ||||||||||||||||
12.21 | GACC | 480 45th Street | ||||||||||||||||
12.22 | GACC | 12857 South Hamlin Court | ||||||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | ||||||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | ||||||||||||||||
12.25 | GACC | 1245 Lakeside Drive | ||||||||||||||||
12.26 | GACC | 3890 Perry Boulevard | ||||||||||||||||
12.27 | GACC | 215 45th Street | ||||||||||||||||
12.28 | GACC | 845 Telser Road | ||||||||||||||||
12.29 | GACC | 1851 Northwind Parkway | ||||||||||||||||
12.30 | GACC | 1650 Northwind Parkway | ||||||||||||||||
12.31 | GACC | 225 45th Street | ||||||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | Johnson Controls | 12,975 | 01/31/22 | |||||||||||||
12.33 | GACC | 235 45th Street | ||||||||||||||||
13 | CREFI | 650 Madison Avenue | Sotheby’s Int’l Realty Inc | 37,772 | 11/30/35 | Willett Advisors LLC | 25,732 | 12/31/24 | BC Partners Inc. | 19,380 | 01/31/27 | Refinance | Vornado Realty L.P., OPG Investment Holdings (US), LLC | Yes |
A-1-10
ANNEX A-1
Pari Passu Debt | Additional Debt | Total Debt | |||||||||||||||||||
Pari Passu | Pari Passu | Pari Passu | Total Cut-off | Additional | Total Debt | Total Debt | |||||||||||||||
Lockbox | Cash | Pari Passu | Note Control | Piece In Trust | Piece Non Trust | Date Pari | Addit Debt | Addit Debt | Additional | Debt Cut off | Additional Debt | Total Debt | UW NCF | Total Debt | UW NOI | ||||||
Loan # | Seller | Property Name | Type | Management | (Y/N) | (Y/N) | Cut-Off Balance | Cut-Off Balance | Passu Debt | Permitted (Y/N) | Exist (Y/N) | Debt Type(s) | Date Balance | Interest Rate | Cut-off Balance | DSCR | Current LTV % | Debt Yield % | |||
1 | JPMCB/GACC | 1633 Broadway | Hard | Springing | Yes | No | 64,650,000 | 936,350,000 | 1,001,000,000 | Yes | Yes | Subordinate Debt/Permitted Equityholder Debt or Debt-Like Preferred Equity | 249,000,000 | 2.99000 | 1,250,000,000 | 3.08 | 52.1% | 9.5% | |||
2 | GACC | F5 Tower | Hard | Springing | Yes | No | 55,500,000 | 129,500,000 | 185,000,000 | No | Yes | Subordinate Debt (112,600,000)/Mezzanine Loan (48,500,000) | 161,100,000 | 4.43666 | 346,100,000 | 1.63 | 73.6% | 6.9% | |||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | Hard | Springing | Yes | No | 55,000,000 | 1,621,200,000 | 1,676,200,000 | Yes | Yes | B-Notes(650,500,000)/C-Notes(683,300,000) | 1,333,800,000 | 4.28688 | 3,010,000,000 | 4.06 | 70.7% | 15.7% | |||
4 | JPMCB | Kings Plaza | Hard | Springing | Yes | No | 55,000,000 | 432,000,000 | 487,000,000 | No | Yes | Mezzanine Loan | 53,000,000 | 6.00000 | 540,000,000 | 1.73 | 60.0% | 9.6% | |||
5 | JPMCB | 1501 Broadway | Springing | Springing | Yes | No | 55,000,000 | 145,000,000 | 200,000,000 | Yes | No | Permitted Mezzanine | NAP | NAP | 200,000,000 | 4.36 | 22.2% | 13.8% | |||
6 | CREFI | 805 Third Avenue | Hard | Springing | Yes | No | 55,000,000 | 95,000,000 | 150,000,000 | No | Yes | Subordinate Debt | 125,000,000 | 3.80000 | 275,000,000 | 1.50 | 59.8% | 6.6% | |||
7 | GACC | 55 Hudson Yards | Hard | Springing | Yes | No | 52,450,000 | 892,550,000 | 945,000,000 | No | Yes | Subordinate Debt | 300,000,000 | 2.95000 | 1,245,000,000 | 2.69 | 51.9% | 8.3% | |||
8 | GACC | Southcenter Mall | Hard | Springing | Yes | No | 50,000,000 | 168,000,000 | 218,000,000 | No | No | NAP | NAP | NAP | 218,000,000 | 6.53 | 22.2% | 19.6% | |||
9 | JPMCB | 181 West Madison | Hard | Springing | Yes | No | 50,000,000 | 57,900,000 | 107,900,000 | No | Yes | Subordinate Debt | 132,100,000 | 3.90000 | 240,000,000 | 2.10 | 64.0% | 9.2% | |||
10 | CREFI | Parkmerced | Soft | Springing | Yes | No | 45,000,000 | 502,000,000 | 547,000,000 | No | Yes | B-Notes (708,000,000)/C-Notes (245,000,000)/Mezzanine Loan (275,000,000) | 1,228,000,000 | 4.99565 | 1,775,000,000 | 0.78 | 84.1% | 3.4% | |||
11 | GACC | 560 Mission Street | Hard | Springing | Yes | No | 45,000,000 | 255,000,000 | 300,000,000 | Yes | No | Permitted Mezzanine | NAP | NAP | 300,000,000 | 5.23 | 35.6% | 14.2% | |||
12 | GACC | Starwood Industrial Portfolio | Hard | Springing | Yes | No | 39,500,000 | 105,000,000 | 144,500,000 | No | Yes | Subordinate Debt | 65,527,072 | 3.23100 | 210,027,072 | 2.53 | 65.7% | 9.0% | |||
12.01 | GACC | 101 45th Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.03 | GACC | 8401 Bearing Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.04 | GACC | 5900 North Meadows Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.05 | GACC | 5701 North Meadows Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.06 | GACC | 8421 Bearing Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.11 | GACC | 1901 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.12 | GACC | 333 45th Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.13 | GACC | 221 South Swift Road | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.15 | GACC | 2240 Creekside Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.16 | GACC | 201 South Swift Road | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.17 | GACC | 8441 Bearing Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.18 | GACC | 4700 Ironwood Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.19 | GACC | 4410 North 132nd Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.20 | GACC | 999 Gerdt Court | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.21 | GACC | 480 45th Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.22 | GACC | 12857 South Hamlin Court | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.25 | GACC | 1245 Lakeside Drive | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.26 | GACC | 3890 Perry Boulevard | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.27 | GACC | 215 45th Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.28 | GACC | 845 Telser Road | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.29 | GACC | 1851 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.30 | GACC | 1650 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.31 | GACC | 225 45th Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | 2.53 | 65.7% | 9.0% | ||||||||||||||||
12.33 | GACC | 235 45th Street | 2.53 | 65.7% | 9.0% | ||||||||||||||||
13 | CREFI | 650 Madison Avenue | Hard | Springing | Yes | No | 37,900,000 | 548,900,000 | 586,800,000 | No | Yes | Subordinate Debt | 213,200,000 | 3.48600 | 800,000,000 | 2.01 | 66.1% | 7.3% |
A-1-11
ANNEX A-1
HOTEL OPERATING STATISTICS | ||||||||||||||||||
2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2018 | 2017 | 2018 | Most Recent | Most Recent | Most Recent | UW | UW | UW | ||||
Loan # | Seller | Property Name | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # |
1 | JPMCB/GACC | 1633 Broadway | 1 | |||||||||||||||
2 | GACC | F5 Tower | 2 | |||||||||||||||
3 | JPMCB/CREFI | Bellagio Hotel and Casino | 93.5% | 270.29 | 252.78 | 92.9% | 276.24 | 256.53 | 94.9% | 278.28 | 264.19 | 94.8% | 281.69 | 267.18 | 94.8% | 281.69 | 267.18 | 3 |
4 | JPMCB | Kings Plaza | 4 | |||||||||||||||
5 | JPMCB | 1501 Broadway | 5 | |||||||||||||||
6 | CREFI | 805 Third Avenue | 6 | |||||||||||||||
7 | GACC | 55 Hudson Yards | 7 | |||||||||||||||
8 | GACC | Southcenter Mall | 8 | |||||||||||||||
9 | JPMCB | 181 West Madison | 9 | |||||||||||||||
10 | CREFI | Parkmerced | 10 | |||||||||||||||
11 | GACC | 560 Mission Street | 11 | |||||||||||||||
12 | GACC | Starwood Industrial Portfolio | 12 | |||||||||||||||
12.01 | GACC | 101 45th Street | 12.01 | |||||||||||||||
12.02 | GACC | 4820-4850 Indianapolis Road | 12.02 | |||||||||||||||
12.03 | GACC | 8401 Bearing Drive | 12.03 | |||||||||||||||
12.04 | GACC | 5900 North Meadows Drive | 12.04 | |||||||||||||||
12.05 | GACC | 5701 North Meadows Drive | 12.05 | |||||||||||||||
12.06 | GACC | 8421 Bearing Drive | 12.06 | |||||||||||||||
12.07 | GACC | 6451-6471 Northwind Parkway | 12.07 | |||||||||||||||
12.08 | GACC | 4910-4938 Indianapolis Road | 12.08 | |||||||||||||||
12.09 | GACC | 6221-6241 Northwind Parkway | 12.09 | |||||||||||||||
12.10 | GACC | 775 Commerce Parkway West Drive | 12.10 | |||||||||||||||
12.11 | GACC | 1901 Northwind Parkway | 12.11 | |||||||||||||||
12.12 | GACC | 333 45th Street | 12.12 | |||||||||||||||
12.13 | GACC | 221 South Swift Road | 12.13 | |||||||||||||||
12.14 | GACC | W234N2091 Ridgeview Parkway Court | 12.14 | |||||||||||||||
12.15 | GACC | 2240 Creekside Parkway | 12.15 | |||||||||||||||
12.16 | GACC | 201 South Swift Road | 12.16 | |||||||||||||||
12.17 | GACC | 8441 Bearing Drive | 12.17 | |||||||||||||||
12.18 | GACC | 4700 Ironwood Drive | 12.18 | |||||||||||||||
12.19 | GACC | 4410 North 132nd Street | 12.19 | |||||||||||||||
12.20 | GACC | 999 Gerdt Court | 12.20 | |||||||||||||||
12.21 | GACC | 480 45th Street | 12.21 | |||||||||||||||
12.22 | GACC | 12857 South Hamlin Court | 12.22 | |||||||||||||||
12.23 | GACC | 1695 Glen Ellyn Road | 12.23 | |||||||||||||||
12.24 | GACC | 1701-1721 Northwind Parkway | 12.24 | |||||||||||||||
12.25 | GACC | 1245 Lakeside Drive | 12.25 | |||||||||||||||
12.26 | GACC | 3890 Perry Boulevard | 12.26 | |||||||||||||||
12.27 | GACC | 215 45th Street | 12.27 | |||||||||||||||
12.28 | GACC | 845 Telser Road | 12.28 | |||||||||||||||
12.29 | GACC | 1851 Northwind Parkway | 12.29 | |||||||||||||||
12.30 | GACC | 1650 Northwind Parkway | 12.30 | |||||||||||||||
12.31 | GACC | 225 45th Street | 12.31 | |||||||||||||||
12.32 | GACC | 1600-1640 Northwind Parkway | 12.32 | |||||||||||||||
12.33 | GACC | 235 45th Street | 12.33 | |||||||||||||||
13 | CREFI | 650 Madison Avenue | 13 |
A-1-12