FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226123-10 | ||
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Free Writing Prospectus dated October 12, 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in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.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 | Year | |||||||||
Loan # | Seller(1) | Property Name | Street Address | City | State | Zip Code | County | Properties | Type(2) | Subtype | Year Built | Renovated |
1 | GACC | Moffett Place - Building 6 | 1195 Borregas Avenue | Sunnyvale | CA | 94089 | Santa Clara | 1 | Office | CBD | 2020 | |
2 | JPMCB/CREFI | 120 Wall Street | 120 Wall Street | New York | NY | 10005 | New York | 1 | Office | CBD | 1929 | 2013 |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | Various | Las Vegas | NV | Various | Clark | 2 | Hotel | Full Service | Various | |
3.01 | CREFI/GACC | MGM Grand | 3799 South Las Vegas Boulevard | Las Vegas | NV | 89109 | Clark | 1 | Hotel | Full Service | 1993 | |
3.02 | CREFI/GACC | Mandalay Bay | 3950 South Las Vegas Boulevard | Las Vegas | NV | 89119 | Clark | 1 | Hotel | Full Service | 1999 | |
4 | JPMCB | 4 West 58th Street | 4 West 58th Street | New York | NY | 10019 | New York | 1 | Mixed Use | Office/Retail | 1948 | 2016-2019 |
5 | CREFI | Northern Trust Office | 2160 East Elliot Road | Tempe | AZ | 85283 | Maricopa | 1 | Office | CBD | 2015 | |
6 | GACC | Coleman Highline | 1161, 1167 & 1173 Coleman Avenue | San Jose | CA | 95110 | Santa Clara | 1 | Office | Suburban | 2020 | |
7 | GACC | Point West Portfolio | Various | Sacramento | CA | 95815 | Sacramento | 3 | Office | Suburban | Various | |
7.01 | GACC | 1610 & 1620 Arden Way | 1610 & 1620 Arden Way | Sacramento | CA | 95815 | Sacramento | 1 | Office | Suburban | 1983, 2000 | |
7.02 | GACC | 1545 River Park Drive | 1545 River Park Drive | Sacramento | CA | 95815 | Sacramento | 1 | Office | Suburban | 1982 | |
7.03 | GACC | 1601 Response Road | 1601 Response Road | Sacramento | CA | 95815 | Sacramento | 1 | Office | Suburban | 1984 | |
8 | CREFI | Skywater Technology HQ | 2401 East 86th Street | Bloomington | MN | 55425 | Hennepin | 1 | Industrial | Flex/R&D | 1985, 1994, 2000, 2020 | |
9 | JPMCB | Agellan Portfolio | Various | Various | Various | Various | Various | 46 | Various | Various | Various | Various |
9.01 | JPMCB | Sarasota Distribution Hub | 6100 McIntosh Road | Sarasota | FL | 34238 | Sarasota | 1 | Industrial | Warehouse/Distribution | 1981 | 2007 |
9.02 | JPMCB | Naperville Woods Office Center | 1000 & 1100 East Warrenville Road | Naperville | IL | 60563 | DuPage | 1 | Office | Suburban | 1981, 1988 | 2007 |
9.03 | JPMCB | Southpark Business Park FOP | 2130, 2150 & 2170 Woodward Street | Austin | TX | 78744 | Travis | 1 | Industrial | Flex | 1982 | |
9.04 | JPMCB | Supervalu | 1201 John Burgess Drive | Fort Worth | TX | 76140 | Tarrant | 1 | Industrial | Warehouse/Distribution | 1996 | |
9.05 | JPMCB | Plainfield Business Center IV | 2151 Airwest Boulevard | Plainfield | IN | 46168 | Hendricks | 1 | Industrial | Warehouse/Distribution | 1999 | |
9.06 | JPMCB | Beltway III | 10900 Corporate Centre Drive | Houston | TX | 77041 | Harris | 1 | Office | CBD | 2005 | |
9.07 | JPMCB | 4405 Continental Dr | 4405 Continental Drive | Flint | MI | 48507 | Genesee | 1 | Industrial | Warehouse/Distribution | 1999 | 2006 |
9.08 | JPMCB | Beltway IV | 4920 Westway Park Boulevard | Houston | TX | 77041 | Harris | 1 | Office | CBD | 2006 | |
9.09 | JPMCB | Sandy Plains Business Park | 1800 Sandy Plains Industrial Parkway | Marietta | GA | 30066 | Cobb | 1 | Industrial | Flex | 1986 | |
9.10 | JPMCB | Coliseum Distribution Center #1 | 1143 AT&T Center Parkway | San Antonio | TX | 78219 | Bexar | 1 | Industrial | Warehouse/Distribution | 1978 | |
9.11 | JPMCB | Silber Industrial Park | 2055, 2105 & 2155 Silber Road | Houston | TX | 77055 | Harris | 1 | Industrial | Warehouse/Distribution | 1978 | |
9.12 | JPMCB | Southpark Business Park M | 4120 Freidrich Lane | Austin | TX | 78744 | Travis | 1 | Industrial | Flex | 1983 | |
9.13 | JPMCB | West by Northwest Business Blvd | 6100 & 6120 West by Northwest Boulevard | Houston | TX | 77040 | Harris | 1 | Industrial | Flex | 1983 | |
9.14 | JPMCB | Norcross Center | 2100 & 2200 Norcross Parkway | Norcross | GA | 30071 | Gwinnett | 1 | Industrial | Flex | 1988 | |
9.15 | JPMCB | Goshen Springs | 5801 & 5901 Goshen Springs Road | Norcross | GA | 30071 | Gwinnett | 1 | Industrial | Flex | 1986 | |
9.16 | JPMCB | Long Point Center | 6500 & 6600 Long Point Road | Houston | TX | 77055 | Harris | 1 | Industrial | Warehouse/Distribution | 1979 | |
9.17 | JPMCB | Corridor Park D | 100 Michael Angelo Way | Austin | TX | 78728 | Travis | 1 | Industrial | Flex | 1999 | 2016 |
9.18 | JPMCB | Southport 1-4 | 5975-6049 South Loop East | Houston | TX | 77033 | Harris | 1 | Industrial | Flex | 1980 | |
9.19 | JPMCB | Jameel | 9001 & 9101 Jameel Road | Houston | TX | 77040 | Harris | 1 | Industrial | Flex | 1983 | |
9.20 | JPMCB | Beltway II | 11000 Corporate Centre Drive | Houston | TX | 77041 | Harris | 1 | Office | CBD | 2003 | |
9.21 | JPMCB | Braker Center 4 | 2120 West Braker Lane | Austin | TX | 78758 | Travis | 1 | Industrial | Flex | 1984 | 1999 |
9.22 | JPMCB | Northgreen 1-4 | 1400-1412 North Sam Houston Parkway East | Houston | TX | 77032 | Harris | 1 | Industrial | Flex | 1982 | |
9.23 | JPMCB | Minimax | 2301 Minimax Drive | Houston | TX | 77008 | Harris | 1 | Industrial | Warehouse/Distribution | 1967 | |
9.24 | JPMCB | Southpark Business Park E | 2100 East Saint Elmo Road | Austin | TX | 78744 | Travis | 1 | Industrial | Flex | 1982 | 1992 |
9.25 | JPMCB | 9385 Washington Blvd | 9385 Washington Boulevard | Laurel | MD | 20723 | Howard | 1 | Industrial | Flex | 1988 | 2007 |
9.26 | JPMCB | Rothway | 6300, 6310 & 6320 Rothway Street | Houston | TX | 77040 | Harris | 1 | Industrial | Flex | 1983 | |
9.27 | JPMCB | 2730 Pinnacle | 2730 Pinnacle Drive | Elgin | IL | 60124 | Kane | 1 | Industrial | Warehouse/Distribution | 2005 | 2007 |
9.28 | JPMCB | Columbus West - Interchange Rd | 3671-3701 & 3707-3743 Interchange Road | Columbus | OH | 43204 | Franklin | 1 | Industrial | Flex | 1974 | |
9.29 | JPMCB | 1346 Oakbrook Drive | 1346 Oakbrook Drive | Norcross | GA | 30093 | Gwinnett | 1 | Industrial | Flex | 1985 | |
9.30 | JPMCB | 1230-1236 Hardt Circle | 1230-1236 Hardt Circle | Bartlett | IL | 60103 | DuPage | 1 | Industrial | Warehouse/Distribution | 2008 | |
9.31 | JPMCB | Pine Forest Business Park | 232 & 302-350 West 38th Street | Houston | TX | 77018 | Harris | 1 | Industrial | Warehouse/Distribution | 1980 | |
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 5032-5042 & 5100-5128 Service Center Drive | San Antonio | TX | 78218 | Bexar | 1 | Industrial | Flex | 1983 | |
9.33 | JPMCB | 1351 Oakbrook Drive | 1351 Oakbrook Drive | Norcross | GA | 30093 | Gwinnett | 1 | Industrial | Flex | 1985 | |
9.34 | JPMCB | 1325 Oakbrook Drive | 1325 Oakbrook Drive | Norcross | GA | 30093 | Gwinnett | 1 | Industrial | Flex | 1986 | |
9.35 | JPMCB | 490 Heartland Drive | 490 North Heartland Drive | Sugar Grove | IL | 60554 | Kane | 1 | Industrial | Warehouse/Distribution | 2002 | |
9.36 | JPMCB | 1265 Oakbrook Drive | 1265 Oakbrook Drive | Norcross | GA | 30093 | Gwinnett | 1 | Industrial | Flex | 1985 | |
9.37 | JPMCB | Columbus West - Business Park | 3949 Business Park Drive | Columbus | OH | 43204 | Franklin | 1 | Industrial | Flex | 1996 | 2005 |
9.38 | JPMCB | 1155 Bowes Road | 1155 Bowes Road | Elgin | IL | 60123 | Kane | 1 | Industrial | Warehouse/Distribution | 2006 | |
9.39 | JPMCB | 1280 Oakbrook Drive | 1280 Oakbrook Drive | Norcross | GA | 30093 | Gwinnett | 1 | Industrial | Flex | 1986 | |
9.40 | JPMCB | Cox Business Center | 1300, 1310, 1320 & 1330 Cox Avenue | Erlanger | KY | 41018 | Boone | 1 | Industrial | Warehouse/Distribution | 1987 | |
9.41 | JPMCB | 2002 Bloomingdale | 2002 Bloomingdale Road | Glendale Heights | IL | 60139 | DuPage | 1 | Industrial | Warehouse/Distribution | 1998 | |
9.42 | JPMCB | 333 Charles Court | 333 Charles Court | West Chicago | IL | 60185 | DuPage | 1 | Industrial | Warehouse/Distribution | 2007 | |
9.43 | JPMCB | 483 Heartland Drive | 483 North Heartland Drive | Sugar Grove | IL | 60554 | Kane | 1 | Industrial | Warehouse/Distribution | 2010 | |
9.44 | JPMCB | 1256 Oakbrook Drive | 1256 Oakbrook Drive | Norcross | GA | 30093 | Gwinnett | 1 | Industrial | Flex | 1985 | |
9.45 | JPMCB | 550 Heartland | 550 North Heartland Drive | Sugar Grove | IL | 60554 | Kane | 1 | Industrial | Warehouse | 2000 | 2007 |
A-1-1
Annex A-1
Number of | Property | Property | Year | |||||||||
Loan # | Seller(1) | Property Name | Street Address | City | State | Zip Code | County | Properties | Type(2) | Subtype | Year Built | Renovated |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 5008-5030 Service Center Drive | San Antonio | TX | 78218 | Bexar | 1 | Industrial | Warehouse/Distribution | 1983 | |
10 | CREFI | 2010 South Lamar | 2010 South Lamar Boulevard | Austin | TX | 78704 | Travis | 1 | Office | CBD | 2019 | |
11 | GSMC | 333 South Wabash | 333 South Wabash Avenue | Chicago | IL | 60604 | Cook | 1 | Office | CBD | 1972 | 2019 |
12 | CREFI | Redmond Town Center | 7330, 7530 & 7345 164th Avenue Northeast | Redmond | WA | 98052 | King | 1 | Mixed Use | Retail/Office | 1996, 1999, 2013 | |
13 | GSMC | Earhart Corporate Center | 2211 Old Earhart Road | Ann Arbor | MI | 48105 | Washtenaw | 1 | Office | Suburban | 2006 | |
14 | CREFI | 2665 North First | 2665 North First Street | San Jose | CA | 95134 | Santa Clara | 1 | Office | CBD | 1983 | 2014 |
15 | CREFI | KW Portfolio | Various | Various | CA | Various | Various | 2 | Various | Various | 1982 | Various |
15.01 | CREFI | 10054 Old Grove Road | 10054 Old Grove Road | San Diego | CA | 92131 | San Diego | 1 | Industrial | Flex/R&D | 1982 | 2018 |
15.02 | CREFI | 2742 Dow Avenue | 2742 Dow Avenue | Tustin | CA | 92780 | Orange | 1 | Office | Suburban | 1982 | 2007, 2020 |
16 | GSMC | USAA Plano | 5543 Legacy Drive | Plano | TX | 75024 | Collin | 1 | Office | Suburban | 2012 | |
17 | GSMC | The Hub | 2994 Third Avenue | Bronx | NY | 10455 | Bronx | 1 | Mixed Use | Retail/Office | 2006 | |
18 | JPMCB | Troy Technology Park | 1835-1975 Technology Drive and 1960 Ring Drive | Troy | MI | 48083 | Oakland | 1 | Mixed Use | Industrial/Office | 1986-1987 | 2005-2019 |
19 | GSMC | Amazon Industrial Portfolio | Various | Various | Various | Various | Various | 2 | Industrial | Warehouse/Distribution | 2017 | |
19.01 | GSMC | 12900 Pecan Park Road | 12900 Pecan Park Road | Jacksonville | FL | 32218 | Duval | 1 | Industrial | Warehouse/Distribution | 2017 | |
19.02 | GSMC | 6925 Riverview Avenue | 6925 Riverview Avenue | Kansas City | KS | 66102 | Wyandotte | 1 | Industrial | Warehouse/Distribution | 2017 | |
20 | GSMC | Westlake Center | 2801 Post Oak Boulevard | Houston | TX | 77056 | Harris | 1 | Office | Suburban | 1972 | 2001 |
21 | GACC | Home Ranch Health Center | 18601-18653 Yorba Linda Boulevard | Yorba Linda | CA | 92886 | Orange | 1 | Mixed Use | Medical/Retail | 1984 | |
22 | CREFI | Keylock Storage Portfolio | Various | Various | Various | Various | Various | 5 | Self Storage | Self Storage | Various | |
22.01 | CREFI | Mead | 14106 North Market Street | Mead | WA | 99021 | Spokane | 1 | Self Storage | Self Storage | 2002 | |
22.02 | CREFI | Franklin | 1975 East Franklin Road | Meridian | ID | 83642 | Ada | 1 | Self Storage | Self Storage | 2016 | |
22.03 | CREFI | Boise | 450 South Maple Grove Road | Boise | ID | 83709 | Ada | 1 | Self Storage | Self Storage | 1998 | |
22.04 | CREFI | Fruitland | 3735 North Fruitland Lane | Coeur d’Alene | ID | 83815 | Kootenai | 1 | Self Storage | Self Storage | 1998 | |
22.05 | CREFI | Pendleton | 1220 Airport Road | Pendleton | OR | 97801 | Umatilla | 1 | Self Storage | Self Storage | 1984 | |
23 | GSMC | 711 Fifth Avenue | 711 5th Avenue | New York | NY | 10022 | New York | 1 | Mixed Use | Office/Retail | 1927 | 2013-2019 |
24 | CREFI | 6655 Wedgwood | 6655 Wedgwood Road North | Maple Grove | MN | 55311 | Hennepin | 1 | Industrial | Flex/R&D | 1989 | |
25 | CREFI | Mid Atlantic Storage Portfolio | Various | Various | Various | Various | Various | 2 | Self Storage | Self Storage | Various | |
25.01 | CREFI | Storage at Atlas | 40 Cindy Lane | Ocean Township | NJ | 07712 | Monmouth | 1 | Self Storage | Self Storage | 1985 | |
25.02 | CREFI | Storage at Mont Mini | 947 & 1070 Bethlehem Pike | Montgomeryville | PA | 18936 | Montgomery | 1 | Self Storage | Self Storage | 1988, 1989 | |
26 | GSMC | 3861 Sepulveda Boulevard | 3861 Sepulveda Boulevard | Culver City | CA | 90230 | Los Angeles | 1 | Office | Medical | 1983 | 2019 |
27 | GSMC | Pell City Shopping Center | 1019 Martin Street South | Pell City | AL | 35128 | Saint Clair | 1 | Retail | Anchored | 1993 | |
28 | GACC | Tesla Service Center of Chicago | 3059-3067 North Elston Avenue | Chicago | IL | 60618 | Cook | 1 | Retail | Other | 1948, 2018 | 2018 |
29 | GSMC | Storage Post – Jefferson, LA | 225 River Road | Jefferson | LA | 70121 | Jefferson | 1 | Self Storage | Self Storage | 1994 | |
30 | GACC | Diversey | 316 Hart Street | Watertown | WI | 53094 | Jefferson | 1 | Industrial | Manufacturing | 1919 | |
31 | CREFI | 167 North 6th Street | 167 North 6th Street | Brooklyn | NY | 11211 | Kings | 1 | Multifamily | Mid-Rise | 1920 | 2013 |
32 | CREFI | 47 Ann | 47 Ann Street | New York | NY | 10038 | New York | 1 | Mixed Use | Multifamily/Retail | 1900 | 1999 |
33 | GACC | Rosencrans Apartment Homes | 4400-4500, 4520 & 4570 Rosencrans Drive | West Richland | WA | 99353 | Benton | 1 | Multifamily | Garden | 1991, 2016, 2020 | 2013 |
34 | CREFI | 71 Leonard | 71 Leonard Street | New York | NY | 10013 | New York | 1 | Mixed Use | Multifamily/Office | 1910 | 1978 |
A-1-2
Annex A-1
Original | Current | |||||||||||||
Unit of | Occupancy | Appraised | Appraisal | Current | Original | Balance | Current | Balance | % of Initial | |||||
Loan # | Seller(1) | Property Name | Units(3) | Measure | Occupancy %(4) | Date | Value ($)(5) | Date | LTV %(5)(29) | Balance ($)(6)(7) | per Unit ($)(29) | Balance ($)(6)(7) | per Unit ($) | Pool Balance |
1 | GACC | Moffett Place - Building 6 | 314,352 | Square Feet | 100.0% | 10/06/20 | 359,200,000 | 05/01/21 | 37.1% | 74,850,000 | 423 | 74,850,000 | 423 | 8.3% |
2 | JPMCB/CREFI | 120 Wall Street | 668,276 | Square Feet | 95.1% | 08/31/20 | 285,000,000 | 08/25/20 | 57.9% | 70,000,000 | 247 | 70,000,000 | 247 | 7.7% |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | 9,748 | Rooms | 87.5% | 06/30/20 | 4,600,000,000 | 01/10/20 | 35.5% | 70,000,000 | 167,645 | 70,000,000 | 167,645 | 7.7% |
3.01 | CREFI/GACC | MGM Grand | 4,998 | Rooms | 83.9% | 06/30/20 | 2,505,000,000 | 01/10/20 | 38,150,000 | 38,150,000 | 4.2% | |||
3.02 | CREFI/GACC | Mandalay Bay | 4,750 | Rooms | 91.7% | 06/30/20 | 2,095,000,000 | 01/10/20 | 31,850,000 | 31,850,000 | 3.5% | |||
4 | JPMCB | 4 West 58th Street | 83,537 | Square Feet | 100.0% | 10/01/20 | 180,000,000 | 02/01/20 | 69.4% | 62,500,000 | 1,496 | 62,500,000 | 1,496 | 6.9% |
5 | CREFI | Northern Trust Office | 149,371 | Square Feet | 100.0% | 10/01/20 | 64,500,000 | 05/12/20 | 62.6% | 40,400,000 | 270 | 40,400,000 | 270 | 4.5% |
6 | GACC | Coleman Highline | 380,951 | Square Feet | 100.0% | 10/06/20 | 305,100,000 | 10/01/20 | 50.8% | 40,000,000 | 407 | 40,000,000 | 407 | 4.4% |
7 | GACC | Point West Portfolio | 346,227 | Square Feet | 84.7% | 08/31/20 | 66,500,000 | 07/23/20 | 59.4% | 39,500,000 | 114 | 39,500,000 | 114 | 4.4% |
7.01 | GACC | 1610 & 1620 Arden Way | 150,188 | Square Feet | 82.5% | 08/31/20 | 30,710,000 | 07/23/20 | 18,129,502 | 18,129,502 | 2.0% | |||
7.02 | GACC | 1545 River Park Drive | 121,606 | Square Feet | 89.3% | 08/31/20 | 23,100,000 | 07/23/20 | 13,636,975 | 13,636,975 | 1.5% | |||
7.03 | GACC | 1601 Response Road | 74,433 | Square Feet | 81.4% | 08/31/20 | 13,100,000 | 07/23/20 | 7,733,523 | 7,733,523 | 0.9% | |||
8 | CREFI | Skywater Technology HQ | 393,765 | Square Feet | 100.0% | 10/06/20 | 78,800,000 | 07/22/20 | 49.5% | 39,000,000 | 99 | 39,000,000 | 99 | 4.3% |
9 | JPMCB | Agellan Portfolio | 6,094,177 | Square Feet | 90.4% | Various | 551,000,000 | Various | 41.9% | 35,000,000 | 38 | 35,000,000 | 38 | 3.9% |
9.01 | JPMCB | Sarasota Distribution Hub | 906,449 | Square Feet | 100.0% | 06/01/20 | 70,200,000 | 02/17/20 | 4,411,042 | 4,411,042 | 0.5% | |||
9.02 | JPMCB | Naperville Woods Office Center | 482,497 | Square Feet | 95.4% | 06/01/20 | 68,800,000 | 02/20/20 | 4,380,645 | 4,380,645 | 0.5% | |||
9.03 | JPMCB | Southpark Business Park FOP | 187,075 | Square Feet | 100.0% | 06/01/20 | 34,900,000 | 02/18/20 | 2,222,457 | 2,222,457 | 0.2% | |||
9.04 | JPMCB | Supervalu | 253,800 | Square Feet | 100.0% | 10/07/20 | 26,720,000 | 03/02/20 | 1,677,047 | 1,677,047 | 0.2% | |||
9.05 | JPMCB | Plainfield Business Center IV | 434,354 | Square Feet | 100.0% | 06/01/20 | 24,100,000 | 02/17/20 | 1,534,615 | 1,534,615 | 0.2% | |||
9.06 | JPMCB | Beltway III | 130,566 | Square Feet | 100.0% | 06/01/20 | 20,100,000 | 02/20/20 | 1,280,149 | 1,280,149 | 0.1% | |||
9.07 | JPMCB | 4405 Continental Dr | 400,000 | Square Feet | 100.0% | 10/07/20 | 18,750,000 | 02/12/20 | 1,194,169 | 1,194,169 | 0.1% | |||
9.08 | JPMCB | Beltway IV | 131,702 | Square Feet | 72.6% | 06/01/20 | 17,200,000 | 02/20/20 | 1,095,161 | 1,095,161 | 0.1% | |||
9.09 | JPMCB | Sandy Plains Business Park | 167,329 | Square Feet | 94.3% | 06/01/20 | 15,700,000 | 02/14/20 | 1,012,655 | 1,012,655 | 0.1% | |||
9.10 | JPMCB | Coliseum Distribution Center #1 | 208,000 | Square Feet | 100.0% | 10/07/20 | 15,900,000 | 03/13/20 | 999,628 | 999,628 | 0.1% | |||
9.11 | JPMCB | Silber Industrial Park | 198,970 | Square Feet | 90.4% | 06/01/20 | 14,100,000 | 02/12/20 | 898,015 | 898,015 | 0.1% | |||
9.12 | JPMCB | Southpark Business Park M | 72,550 | Square Feet | 100.0% | 06/01/20 | 13,100,000 | 02/18/20 | 833,747 | 833,747 | 0.1% | |||
9.13 | JPMCB | West by Northwest Business Blvd | 122,750 | Square Feet | 91.5% | 06/01/20 | 12,800,000 | 02/12/20 | 814,640 | 814,640 | 0.1% | |||
9.14 | JPMCB | Norcross Center | 169,951 | Square Feet | 100.0% | 06/01/20 | 12,300,000 | 02/14/20 | 783,375 | 783,375 | 0.1% | |||
9.15 | JPMCB | Goshen Springs | 152,319 | Square Feet | 95.3% | 06/01/20 | 10,700,000 | 02/14/20 | 680,893 | 680,893 | 0.1% | |||
9.16 | JPMCB | Long Point Center | 189,680 | Square Feet | 94.3% | 06/01/20 | 10,400,000 | 02/12/20 | 661,787 | 661,787 | 0.1% | |||
9.17 | JPMCB | Corridor Park D | 56,100 | Square Feet | 100.0% | 10/07/20 | 10,300,000 | 02/18/20 | 655,707 | 655,707 | 0.1% | |||
9.18 | JPMCB | Southport 1-4 | 149,401 | Square Feet | 77.7% | 06/01/20 | 10,000,000 | 02/21/20 | 636,600 | 636,600 | 0.1% | |||
9.19 | JPMCB | Jameel | 94,900 | Square Feet | 87.5% | 06/01/20 | 10,000,000 | 02/12/20 | 636,600 | 636,600 | 0.1% | |||
9.20 | JPMCB | Beltway II | 101,039 | Square Feet | 13.3% | 06/01/20 | 9,700,000 | 02/20/20 | 617,494 | 617,494 | 0.1% | |||
9.21 | JPMCB | Braker Center 4 | 45,913 | Square Feet | 90.3% | 06/01/20 | 9,400,000 | 02/18/20 | 598,387 | 598,387 | 0.1% | |||
9.22 | JPMCB | Northgreen 1-4 | 118,736 | Square Feet | 61.7% | 06/01/20 | 8,600,000 | 02/18/20 | 547,146 | 547,146 | 0.1% | |||
9.23 | JPMCB | Minimax | 119,821 | Square Feet | 100.0% | 06/01/20 | 8,100,000 | 02/18/20 | 515,881 | 515,881 | 0.1% | |||
9.24 | JPMCB | Southpark Business Park E | 49,966 | Square Feet | 100.0% | 10/07/20 | 7,500,000 | 02/18/20 | 477,667 | 477,667 | 0.1% | |||
9.25 | JPMCB | 9385 Washington Blvd | 57,590 | Square Feet | 92.2% | 06/01/20 | 7,300,000 | 02/20/20 | 464,640 | 464,640 | 0.1% | |||
9.26 | JPMCB | Rothway | 75,460 | Square Feet | 43.8% | 06/01/20 | 7,200,000 | 02/12/20 | 458,561 | 458,561 | 0.1% | |||
9.27 | JPMCB | 2730 Pinnacle | 44,990 | Square Feet | 100.0% | 10/07/20 | 6,100,000 | 02/21/20 | 388,213 | 388,213 | 0.0% | |||
9.28 | JPMCB | Columbus West - Interchange Rd | 91,200 | Square Feet | 89.5% | 06/01/20 | 5,650,000 | 02/18/20 | 359,553 | 359,553 | 0.0% | |||
9.29 | JPMCB | 1346 Oakbrook Drive | 71,591 | Square Feet | 100.0% | 06/01/20 | 5,400,000 | 02/14/20 | 343,921 | 343,921 | 0.0% | |||
9.30 | JPMCB | 1230-1236 Hardt Circle | 60,080 | Square Feet | 75.1% | 06/01/20 | 5,200,000 | 02/21/20 | 330,893 | 330,893 | 0.0% | |||
9.31 | JPMCB | Pine Forest Business Park | 80,091 | Square Feet | 30.9% | 06/01/20 | 4,900,000 | 02/12/20 | 311,787 | 311,787 | 0.0% | |||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 50,806 | Square Feet | 90.6% | 06/01/20 | 3,870,000 | 03/13/20 | 246,650 | 246,650 | 0.0% | |||
9.33 | JPMCB | 1351 Oakbrook Drive | 36,489 | Square Feet | 68.5% | 06/01/20 | 3,850,000 | 02/14/20 | 244,913 | 244,913 | 0.0% | |||
9.34 | JPMCB | 1325 Oakbrook Drive | 53,120 | Square Feet | 100.0% | 06/01/20 | 3,800,000 | 02/14/20 | 242,308 | 242,308 | 0.0% | |||
9.35 | JPMCB | 490 Heartland Drive | 39,520 | Square Feet | 100.0% | 10/07/20 | 3,750,000 | 02/21/20 | 238,834 | 238,834 | 0.0% | |||
9.36 | JPMCB | 1265 Oakbrook Drive | 51,200 | Square Feet | 100.0% | 06/01/20 | 3,650,000 | 02/14/20 | 232,754 | 232,754 | 0.0% | |||
9.37 | JPMCB | Columbus West - Business Park | 92,618 | Square Feet | 0.0% | 10/07/20 | 3,500,000 | 02/18/20 | 223,201 | 223,201 | 0.0% | |||
9.38 | JPMCB | 1155 Bowes Road | 34,400 | Square Feet | 0.0% | 10/07/20 | 3,450,000 | 02/21/20 | 219,727 | 219,727 | 0.0% | |||
9.39 | JPMCB | 1280 Oakbrook Drive | 46,400 | Square Feet | 100.0% | 10/07/20 | 3,400,000 | 02/14/20 | 216,253 | 216,253 | 0.0% | |||
9.40 | JPMCB | Cox Business Center | 52,040 | Square Feet | 100.0% | 06/01/20 | 3,350,000 | 03/13/20 | 213,648 | 213,648 | 0.0% | |||
9.41 | JPMCB | 2002 Bloomingdale | 31,919 | Square Feet | 100.0% | 06/01/20 | 3,050,000 | 02/21/20 | 194,541 | 194,541 | 0.0% | |||
9.42 | JPMCB | 333 Charles Court | 36,623 | Square Feet | 100.0% | 06/01/20 | 3,000,000 | 02/21/20 | 191,067 | 191,067 | 0.0% | |||
9.43 | JPMCB | 483 Heartland Drive | 36,426 | Square Feet | 84.1% | 06/01/20 | 3,000,000 | 02/21/20 | 191,067 | 191,067 | 0.0% | |||
9.44 | JPMCB | 1256 Oakbrook Drive | 40,392 | Square Feet | 87.5% | 06/01/20 | 2,950,000 | 02/14/20 | 187,593 | 187,593 | 0.0% | |||
9.45 | JPMCB | 550 Heartland | 30,328 | Square Feet | 100.0% | 10/07/20 | 2,650,000 | 02/21/20 | 168,486 | 168,486 | 0.0% |
A-1-3
Annex A-1
Original | Current | |||||||||||||
Unit of | Occupancy | Appraised | Appraisal | Current | Original | Balance | Current | Balance | % of Initial | |||||
Loan # | Seller(1) | Property Name | Units(3) | Measure | Occupancy %(4) | Date | Value ($)(5) | Date | LTV %(5)(29) | Balance ($)(6)(7) | per Unit ($)(29) | Balance ($)(6)(7) | per Unit ($) | Pool Balance |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 37,026 | Square Feet | 83.8% | 06/01/20 | 2,610,000 | 03/13/20 | 165,881 | 165,881 | 0.0% | |||
10 | CREFI | 2010 South Lamar | 80,067 | Square Feet | 100.0% | 10/06/20 | 53,600,000 | 06/18/20 | 59.9% | 32,100,000 | 401 | 32,100,000 | 401 | 3.6% |
11 | GSMC | 333 South Wabash | 1,207,380 | Square Feet | 90.5% | 08/01/20 | 382,000,000 | 07/01/20 | 62.8% | 30,000,000 | 199 | 30,000,000 | 199 | 3.3% |
12 | CREFI | Redmond Town Center | 386,415 | Square Feet | 92.9% | 01/15/20 | 151,000,000 | 08/04/20 | 67.2% | 30,000,000 | 263 | 30,000,000 | 263 | 3.3% |
13 | GSMC | Earhart Corporate Center | 203,056 | Square Feet | 95.3% | 09/30/20 | 48,000,000 | 08/17/20 | 62.5% | 30,000,000 | 148 | 30,000,000 | 148 | 3.3% |
14 | CREFI | 2665 North First | 130,723 | Square Feet | 82.9% | 08/28/20 | 48,600,000 | 07/27/20 | 59.7% | 29,000,000 | 222 | 29,000,000 | 222 | 3.2% |
15 | CREFI | KW Portfolio | 137,412 | Square Feet | 100.0% | 10/06/20 | 43,570,000 | Various | 65.0% | 28,330,250 | 206 | 28,330,250 | 206 | 3.1% |
15.01 | CREFI | 10054 Old Grove Road | 85,824 | Square Feet | 100.0% | 10/06/20 | 22,720,000 | 08/15/20 | 14,830,250 | 14,830,250 | 1.6% | |||
15.02 | CREFI | 2742 Dow Avenue | 51,588 | Square Feet | 100.0% | 10/06/20 | 20,850,000 | 08/27/20 | 13,500,000 | 13,500,000 | 1.5% | |||
16 | GSMC | USAA Plano | 230,621 | Square Feet | 100.0% | 10/01/20 | 119,900,000 | 08/02/20 | 53.0% | 25,000,000 | 276 | 25,000,000 | 276 | 2.8% |
17 | GSMC | The Hub | 172,136 | Square Feet | 100.0% | 09/30/20 | 80,800,000 | 09/01/20 | 54.7% | 25,000,000 | 257 | 25,000,000 | 257 | 2.8% |
18 | JPMCB | Troy Technology Park | 425,192 | Square Feet | 85.8% | 07/14/20 | 61,700,000 | 07/27/20 | 72.9% | 25,000,000 | 106 | 25,000,000 | 106 | 2.8% |
19 | GSMC | Amazon Industrial Portfolio | 1,713,210 | Square Feet | 100.0% | 10/01/20 | 215,000,000 | 07/13/20 | 64.7% | 24,100,000 | 81 | 24,100,000 | 81 | 2.7% |
19.01 | GSMC | 12900 Pecan Park Road | 856,605 | Square Feet | 100.0% | 10/01/20 | 108,000,000 | 07/13/20 | 12,140,093 | 12,140,093 | 1.3% | |||
19.02 | GSMC | 6925 Riverview Avenue | 856,605 | Square Feet | 100.0% | 10/01/20 | 107,000,000 | 07/13/20 | 11,959,907 | 11,959,907 | 1.3% | |||
20 | GSMC | Westlake Center | 129,441 | Square Feet | 100.0% | 09/03/20 | 32,600,000 | 07/01/20 | 66.3% | 21,600,000 | 167 | 21,600,000 | 167 | 2.4% |
21 | GACC | Home Ranch Health Center | 60,639 | Square Feet | 83.6% | 05/31/20 | 31,500,000 | 04/19/20 | 58.2% | 20,400,000 | 336 | 20,400,000 | 336 | 2.3% |
22 | CREFI | Keylock Storage Portfolio | 338,076 | Square Feet | 82.6% | 08/21/20 | 29,100,000 | Various | 67.5% | 19,642,500 | 58 | 19,642,500 | 58 | 2.2% |
22.01 | CREFI | Mead | 68,110 | Square Feet | 80.4% | 08/21/20 | 7,500,000 | 07/13/20 | 5,140,000 | 5,140,000 | 0.6% | |||
22.02 | CREFI | Franklin | 75,350 | Square Feet | 93.5% | 08/21/20 | 6,300,000 | 07/11/20 | 4,425,000 | 4,425,000 | 0.5% | |||
22.03 | CREFI | Boise | 78,274 | Square Feet | 80.5% | 08/21/20 | 6,300,000 | 07/13/20 | 4,270,000 | 4,270,000 | 0.5% | |||
22.04 | CREFI | Fruitland | 56,946 | Square Feet | 77.6% | 08/21/20 | 4,900,000 | 07/13/20 | 3,192,500 | 3,192,500 | 0.4% | |||
22.05 | CREFI | Pendleton | 59,396 | Square Feet | 78.9% | 08/21/20 | 4,100,000 | 07/13/20 | 2,615,000 | 2,615,000 | 0.3% | |||
23 | GSMC | 711 Fifth Avenue | 340,024 | Square Feet | 76.5% | 01/31/20 | 1,000,000,000 | 01/23/20 | 54.5% | 15,000,000 | 1,603 | 15,000,000 | 1,603 | 1.7% |
24 | CREFI | 6655 Wedgwood | 123,854 | Square Feet | 89.3% | 07/09/20 | 15,250,000 | 08/11/20 | 67.5% | 10,300,000 | 83 | 10,300,000 | 83 | 1.1% |
25 | CREFI | Mid Atlantic Storage Portfolio | 119,145 | Square Feet | 86.2% | 08/11/20 | 18,200,000 | Various | 54.9% | 10,000,000 | 84 | 10,000,000 | 84 | 1.1% |
25.01 | CREFI | Storage at Atlas | 58,420 | Square Feet | 86.6% | 08/11/20 | 9,750,000 | 08/24/20 | 5,200,000 | 5,200,000 | 0.6% | |||
25.02 | CREFI | Storage at Mont Mini | 60,725 | Square Feet | 85.7% | 08/11/20 | 8,450,000 | 09/02/20 | 4,800,000 | 4,800,000 | 0.5% | |||
26 | GSMC | 3861 Sepulveda Boulevard | 24,194 | Square Feet | 100.0% | 10/01/20 | 15,800,000 | 08/07/20 | 60.1% | 9,500,000 | 393 | 9,500,000 | 393 | 1.1% |
27 | GSMC | Pell City Shopping Center | 159,205 | Square Feet | 98.9% | 11/04/19 | 12,000,000 | 08/16/19 | 65.0% | 7,800,000 | 49 | 7,800,000 | 49 | 0.9% |
28 | GACC | Tesla Service Center of Chicago | 31,700 | Square Feet | 100.0% | 10/06/20 | 13,400,000 | 08/05/20 | 54.1% | 7,250,000 | 229 | 7,250,000 | 229 | 0.8% |
29 | GSMC | Storage Post – Jefferson, LA | 56,701 | Square Feet | 91.7% | 08/04/20 | 12,050,000 | 07/27/20 | 58.8% | 7,080,000 | 125 | 7,080,000 | 125 | 0.8% |
30 | GACC | Diversey | 145,014 | Square Feet | 100.0% | 10/06/20 | 10,400,000 | 07/01/20 | 59.5% | 6,186,126 | 43 | 6,186,126 | 43 | 0.7% |
31 | CREFI | 167 North 6th Street | 10 | Units | 100.0% | 08/05/20 | 9,100,000 | 08/27/20 | 63.7% | 5,800,000 | 580,000 | 5,800,000 | 580,000 | 0.6% |
32 | CREFI | 47 Ann | 12 | Units | 100.0% | 08/10/20 | 11,700,000 | 08/05/20 | 48.7% | 5,700,000 | 475,000 | 5,700,000 | 475,000 | 0.6% |
33 | GACC | Rosencrans Apartment Homes | 41 | Units | 100.0% | 09/01/20 | 9,350,000 | 08/13/20 | 55.1% | 5,150,000 | 125,610 | 5,150,000 | 125,610 | 0.6% |
34 | CREFI | 71 Leonard | 8 | Units | 100.0% | 08/01/20 | 4,600,000 | 08/05/20 | 50.0% | 2,300,000 | 287,500 | 2,300,000 | 287,500 | 0.3% |
A-1-4
Annex A-1
Net | ||||||||||||||
Crossed | Related | Interest | Admin. | Mortgage | Monthly Debt | Annual Debt | First | Partial IO | Partial IO Loan | |||||
Loan # | Seller(1) | Property Name | Loan | Borrower(8) | Rate %(9) | Fee %(9) | Rate %(9) | Accrual Type | Service ($)(10)(11) | Service ($)(11) | Note Date | Payment Date | Last IO Payment | First P&I Payment |
1 | GACC | Moffett Place - Building 6 | No | No | 3.369279 | 0.030530 | 3.338749 | Actual/360 | 213,077.65 | 2,556,931.80 | 08/06/20 | 09/06/20 | ||
2 | JPMCB/CREFI | 120 Wall Street | No | No | 3.20100 | 0.011780 | 3.189220 | Actual/360 | 189,318.40 | 2,271,820.80 | 10/01/20 | 11/11/20 | ||
3 | CREFI/GACC | MGM Grand & Mandalay Bay | No | No | 3.55800 | 0.011155 | 3.546845 | Actual/360 | 210,432.64 | 2,525,191.68 | 02/14/20 | 04/05/20 | ||
3.01 | CREFI/GACC | MGM Grand | ||||||||||||
3.02 | CREFI/GACC | Mandalay Bay | ||||||||||||
4 | JPMCB | 4 West 58th Street | No | No | 3.68000 | 0.014480 | 3.665520 | Actual/360 | 194,328.70 | 2,331,944.40 | 02/28/20 | 04/01/20 | ||
5 | CREFI | Northern Trust Office | No | No | 3.56000 | 0.014480 | 3.545520 | Actual/360 | 121,517.96 | 1,458,215.52 | 09/30/20 | 11/01/20 | ||
6 | GACC | Coleman Highline | No | No | 2.80000 | 0.011780 | 2.788220 | Actual/360 | 94,629.63 | 1,135,555.56 | 08/07/20 | 10/06/20 | ||
7 | GACC | Point West Portfolio | No | No | 3.06700 | 0.034480 | 3.032520 | Actual/360 | 102,357.58 | 1,228,290.96 | 09/30/20 | 11/06/20 | ||
7.01 | GACC | 1610 & 1620 Arden Way | ||||||||||||
7.02 | GACC | 1545 River Park Drive | ||||||||||||
7.03 | GACC | 1601 Response Road | ||||||||||||
8 | CREFI | Skywater Technology HQ | No | No | 3.44000 | 0.014480 | 3.425520 | Actual/360 | 193,990.47 | 2,327,885.64 | 09/30/20 | 11/06/20 | ||
9 | JPMCB | Agellan Portfolio | No | No | 4.62820 | 0.011780 | 4.616420 | Actual/360 | 136,864.02 | 1,642,368.24 | 07/15/20 | 09/07/20 | ||
9.01 | JPMCB | Sarasota Distribution Hub | ||||||||||||
9.02 | JPMCB | Naperville Woods Office Center | ||||||||||||
9.03 | JPMCB | Southpark Business Park FOP | ||||||||||||
9.04 | JPMCB | Supervalu | ||||||||||||
9.05 | JPMCB | Plainfield Business Center IV | ||||||||||||
9.06 | JPMCB | Beltway III | ||||||||||||
9.07 | JPMCB | 4405 Continental Dr | ||||||||||||
9.08 | JPMCB | Beltway IV | ||||||||||||
9.09 | JPMCB | Sandy Plains Business Park | ||||||||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | ||||||||||||
9.11 | JPMCB | Silber Industrial Park | ||||||||||||
9.12 | JPMCB | Southpark Business Park M | ||||||||||||
9.13 | JPMCB | West by Northwest Business Blvd | ||||||||||||
9.14 | JPMCB | Norcross Center | ||||||||||||
9.15 | JPMCB | Goshen Springs | ||||||||||||
9.16 | JPMCB | Long Point Center | ||||||||||||
9.17 | JPMCB | Corridor Park D | ||||||||||||
9.18 | JPMCB | Southport 1-4 | ||||||||||||
9.19 | JPMCB | Jameel | ||||||||||||
9.20 | JPMCB | Beltway II | ||||||||||||
9.21 | JPMCB | Braker Center 4 | ||||||||||||
9.22 | JPMCB | Northgreen 1-4 | ||||||||||||
9.23 | JPMCB | Minimax | ||||||||||||
9.24 | JPMCB | Southpark Business Park E | ||||||||||||
9.25 | JPMCB | 9385 Washington Blvd | ||||||||||||
9.26 | JPMCB | Rothway | ||||||||||||
9.27 | JPMCB | 2730 Pinnacle | ||||||||||||
9.28 | JPMCB | Columbus West - Interchange Rd | ||||||||||||
9.29 | JPMCB | 1346 Oakbrook Drive | ||||||||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | ||||||||||||
9.31 | JPMCB | Pine Forest Business Park | ||||||||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | ||||||||||||
9.33 | JPMCB | 1351 Oakbrook Drive | ||||||||||||
9.34 | JPMCB | 1325 Oakbrook Drive | ||||||||||||
9.35 | JPMCB | 490 Heartland Drive | ||||||||||||
9.36 | JPMCB | 1265 Oakbrook Drive | ||||||||||||
9.37 | JPMCB | Columbus West - Business Park | ||||||||||||
9.38 | JPMCB | 1155 Bowes Road | ||||||||||||
9.39 | JPMCB | 1280 Oakbrook Drive | ||||||||||||
9.40 | JPMCB | Cox Business Center | ||||||||||||
9.41 | JPMCB | 2002 Bloomingdale | ||||||||||||
9.42 | JPMCB | 333 Charles Court | ||||||||||||
9.43 | JPMCB | 483 Heartland Drive | ||||||||||||
9.44 | JPMCB | 1256 Oakbrook Drive | ||||||||||||
9.45 | JPMCB | 550 Heartland |
A-1-5
Annex A-1
Net | ||||||||||||||
Crossed | Related | Interest | Admin. | Mortgage | Monthly Debt | Annual Debt | First | Partial IO | Partial IO Loan | |||||
Loan # | Seller(1) | Property Name | Loan | Borrower(8) | Rate %(9) | Fee %(9) | Rate %(9) | Accrual Type | Service ($)(10)(11) | Service ($)(11) | Note Date | Payment Date | Last IO Payment | First P&I Payment |
9.46 | JPMCB | Rittiman East Industrial Park #22 | ||||||||||||
10 | CREFI | 2010 South Lamar | No | No | 4.13000 | 0.014480 | 4.115520 | Actual/360 | 112,011.91 | 1,344,142.92 | 09/22/20 | 11/06/20 | ||
11 | GSMC | 333 South Wabash | No | Yes - Group 1 | 3.53000 | 0.043530 | 3.486470 | 30/360 | 88,250.00 | 1,059,000.00 | 08/12/20 | 10/01/20 | ||
12 | CREFI | Redmond Town Center | No | No | 3.85000 | 0.011780 | 3.838220 | Actual/360 | 140,642.47 | 1,687,709.64 | 02/21/20 | 04/06/20 | 03/06/22 | 04/06/22 |
13 | GSMC | Earhart Corporate Center | No | No | 3.57200 | 0.014480 | 3.557520 | Actual/360 | 135,922.03 | 1,631,064.36 | 10/02/20 | 11/06/20 | 10/06/25 | 11/06/25 |
14 | CREFI | 2665 North First | No | No | 3.63000 | 0.024480 | 3.605520 | Actual/360 | 88,943.40 | 1,067,320.80 | 09/22/20 | 11/06/20 | ||
15 | CREFI | KW Portfolio | No | No | 3.61000 | 0.014480 | 3.595520 | Actual/360 | 128,961.41 | 1,547,536.92 | 09/24/20 | 11/06/20 | ||
15.01 | CREFI | 10054 Old Grove Road | ||||||||||||
15.02 | CREFI | 2742 Dow Avenue | ||||||||||||
16 | GSMC | USAA Plano | No | No | 3.62400 | 0.011780 | 3.612220 | Actual/360 | 76,548.61 | 918,583.32 | 08/31/20 | 10/06/20 | ||
17 | GSMC | The Hub | No | No | 3.49300 | 0.014480 | 3.478520 | Actual/360 | 73,781.54 | 885,378.48 | 09/30/20 | 11/06/20 | ||
18 | JPMCB | Troy Technology Park | No | No | 3.69000 | 0.014480 | 3.675520 | Actual/360 | 114,929.39 | 1,379,152.68 | 09/25/20 | 11/01/20 | 10/01/22 | 11/01/22 |
19 | GSMC | Amazon Industrial Portfolio | No | No | 3.25000 | 0.011780 | 3.238220 | Actual/360 | 66,177.37 | 794,128.44 | 07/30/20 | 09/06/20 | ||
19.01 | GSMC | 12900 Pecan Park Road | ||||||||||||
19.02 | GSMC | 6925 Riverview Avenue | ||||||||||||
20 | GSMC | Westlake Center | No | No | 3.71800 | 0.044480 | 3.673520 | Actual/360 | 99,641.16 | 1,195,693.92 | 09/10/20 | 11/06/20 | ||
21 | GACC | Home Ranch Health Center | No | No | 3.73500 | 0.014480 | 3.720520 | Actual/360 | 64,376.88 | 772,522.56 | 09/29/20 | 11/06/20 | ||
22 | CREFI | Keylock Storage Portfolio | No | No | 4.28000 | 0.014480 | 4.265520 | Actual/360 | 96,974.58 | 1,163,694.96 | 09/24/20 | 11/06/20 | ||
22.01 | CREFI | Mead | ||||||||||||
22.02 | CREFI | Franklin | ||||||||||||
22.03 | CREFI | Boise | ||||||||||||
22.04 | CREFI | Fruitland | ||||||||||||
22.05 | CREFI | Pendleton | ||||||||||||
23 | GSMC | 711 Fifth Avenue | No | Yes - Group 1 | 3.16000 | 0.013030 | 3.146970 | Actual/360 | 40,048.61 | 480,583.32 | 03/06/20 | 04/06/20 | ||
24 | CREFI | 6655 Wedgwood | No | No | 4.03000 | 0.014480 | 4.015520 | Actual/360 | 49,352.08 | 592,224.96 | 09/21/20 | 11/06/20 | 10/06/23 | 11/06/23 |
25 | CREFI | Mid Atlantic Storage Portfolio | No | No | 3.80000 | 0.014480 | 3.785520 | Actual/360 | 32,106.48 | 385,277.76 | 09/25/20 | 11/06/20 | ||
25.01 | CREFI | Storage at Atlas | ||||||||||||
25.02 | CREFI | Storage at Mont Mini | ||||||||||||
26 | GSMC | 3861 Sepulveda Boulevard | No | No | 3.76000 | 0.014480 | 3.745520 | Actual/360 | 30,180.09 | 362,161.08 | 09/15/20 | 11/06/20 | ||
27 | GSMC | Pell City Shopping Center | No | No | 3.99000 | 0.043230 | 3.946770 | Actual/360 | 37,193.44 | 446,321.28 | 12/27/19 | 02/06/20 | 01/06/25 | 02/06/25 |
28 | GACC | Tesla Service Center of Chicago | No | No | 3.45200 | 0.014480 | 3.437520 | Actual/360 | 21,145.50 | 253,746.00 | 09/24/20 | 11/06/20 | ||
29 | GSMC | Storage Post – Jefferson, LA | No | No | 3.46700 | 0.054480 | 3.412520 | Actual/360 | 20,739.40 | 248,872.80 | 09/08/20 | 11/06/20 | ||
30 | GACC | Diversey | No | No | 3.19700 | 0.014480 | 3.182520 | Actual/360 | 26,742.80 | 320,913.60 | 09/22/20 | 11/06/20 | 10/06/22 | 11/06/22 |
31 | CREFI | 167 North 6th Street | No | No | 3.94000 | 0.014480 | 3.925520 | Actual/360 | 19,307.82 | 231,693.84 | 09/24/20 | 11/06/20 | ||
32 | CREFI | 47 Ann | No | Yes - Group 2 | 4.03000 | 0.014480 | 4.015520 | Actual/360 | 19,408.37 | 232,900.44 | 09/15/20 | 11/06/20 | ||
33 | GACC | Rosencrans Apartment Homes | No | No | 3.81400 | 0.014480 | 3.799520 | Actual/360 | 16,595.76 | 199,149.12 | 09/30/20 | 11/06/20 | ||
34 | CREFI | 71 Leonard | No | Yes - Group 2 | 4.03000 | 0.014480 | 4.015520 | Actual/360 | 7,831.45 | 93,977.40 | 09/15/20 | 11/06/20 |
A-1-6
Annex A-1
Final | Maturity/ARD | ||||||||||||||
Rem. | Rem. | I/O | Payment | Grace Period | Grace Period | Maturity | ARD | Maturity | Balance | Maturity | |||||
Loan # | Seller(1) | Property Name | Term | Amort | Period | Seasoning | Due Date | (Late Payment)(12) | (Default)(12) | Date | Loan(6)(10) | Date | ($)(6)(7) | LTV %(5)(29) | |
1 | GACC | Moffett Place - Building 6 | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 08/06/30 | No | 08/06/30 | 74,850,000 | 37.1% | |
2 | JPMCB/CREFI | 120 Wall Street | 120 | 0 | 120 | 0 | 11 | 0 | 0 | 10/11/30 | No | 10/11/30 | 70,000,000 | 57.9% | |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | 113 | 0 | 120 | 7 | 5 | 0 | 0 | 03/05/30 | Yes | 03/05/32 | 70,000,000 | 35.5% | |
3.01 | CREFI/GACC | MGM Grand | 38,150,000 | ||||||||||||
3.02 | CREFI/GACC | Mandalay Bay | 31,850,000 | ||||||||||||
4 | JPMCB | 4 West 58th Street | 113 | 0 | 120 | 7 | 1 | 1 | 0 | 03/01/30 | No | 03/01/30 | 62,500,000 | 69.4% | |
5 | CREFI | Northern Trust Office | 84 | 0 | 84 | 0 | 1 | 5 | 5 | 10/01/27 | No | 10/01/27 | 40,400,000 | 62.6% | |
6 | GACC | Coleman Highline | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 09/06/30 | No | 09/06/30 | 40,000,000 | 50.8% | |
7 | GACC | Point West Portfolio | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 39,500,000 | 59.4% | |
7.01 | GACC | 1610 & 1620 Arden Way | 18,129,502 | ||||||||||||
7.02 | GACC | 1545 River Park Drive | 13,636,975 | ||||||||||||
7.03 | GACC | 1601 Response Road | 7,733,523 | ||||||||||||
8 | CREFI | Skywater Technology HQ | 120 | 300 | 0 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 27,448,720 | 34.8% | |
9 | JPMCB | Agellan Portfolio | 58 | 0 | 60 | 2 | 7 | 3 | 0 | 08/07/25 | No | 08/07/25 | 35,000,000 | 41.9% | |
9.01 | JPMCB | Sarasota Distribution Hub | 4,411,042 | ||||||||||||
9.02 | JPMCB | Naperville Woods Office Center | 4,380,645 | ||||||||||||
9.03 | JPMCB | Southpark Business Park FOP | 2,222,457 | ||||||||||||
9.04 | JPMCB | Supervalu | 1,677,047 | ||||||||||||
9.05 | JPMCB | Plainfield Business Center IV | 1,534,615 | ||||||||||||
9.06 | JPMCB | Beltway III | 1,280,149 | ||||||||||||
9.07 | JPMCB | 4405 Continental Dr | 1,194,169 | ||||||||||||
9.08 | JPMCB | Beltway IV | 1,095,161 | ||||||||||||
9.09 | JPMCB | Sandy Plains Business Park | 1,012,655 | ||||||||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | 999,628 | ||||||||||||
9.11 | JPMCB | Silber Industrial Park | 898,015 | ||||||||||||
9.12 | JPMCB | Southpark Business Park M | 833,747 | ||||||||||||
9.13 | JPMCB | West by Northwest Business Blvd | 814,640 | ||||||||||||
9.14 | JPMCB | Norcross Center | 783,375 | ||||||||||||
9.15 | JPMCB | Goshen Springs | 680,893 | ||||||||||||
9.16 | JPMCB | Long Point Center | 661,787 | ||||||||||||
9.17 | JPMCB | Corridor Park D | 655,707 | ||||||||||||
9.18 | JPMCB | Southport 1-4 | 636,600 | ||||||||||||
9.19 | JPMCB | Jameel | 636,600 | ||||||||||||
9.20 | JPMCB | Beltway II | 617,494 | ||||||||||||
9.21 | JPMCB | Braker Center 4 | 598,387 | ||||||||||||
9.22 | JPMCB | Northgreen 1-4 | 547,146 | ||||||||||||
9.23 | JPMCB | Minimax | 515,881 | ||||||||||||
9.24 | JPMCB | Southpark Business Park E | 477,667 | ||||||||||||
9.25 | JPMCB | 9385 Washington Blvd | 464,640 | ||||||||||||
9.26 | JPMCB | Rothway | 458,561 | ||||||||||||
9.27 | JPMCB | 2730 Pinnacle | 388,213 | ||||||||||||
9.28 | JPMCB | Columbus West - Interchange Rd | 359,553 | ||||||||||||
9.29 | JPMCB | 1346 Oakbrook Drive | 343,921 | ||||||||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | 330,893 | ||||||||||||
9.31 | JPMCB | Pine Forest Business Park | 311,787 | ||||||||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 246,650 | ||||||||||||
9.33 | JPMCB | 1351 Oakbrook Drive | 244,913 | ||||||||||||
9.34 | JPMCB | 1325 Oakbrook Drive | 242,308 | ||||||||||||
9.35 | JPMCB | 490 Heartland Drive | 238,834 | ||||||||||||
9.36 | JPMCB | 1265 Oakbrook Drive | 232,754 | ||||||||||||
9.37 | JPMCB | Columbus West - Business Park | 223,201 | ||||||||||||
9.38 | JPMCB | 1155 Bowes Road | 219,727 | ||||||||||||
9.39 | JPMCB | 1280 Oakbrook Drive | 216,253 | ||||||||||||
9.40 | JPMCB | Cox Business Center | 213,648 | ||||||||||||
9.41 | JPMCB | 2002 Bloomingdale | 194,541 | ||||||||||||
9.42 | JPMCB | 333 Charles Court | 191,067 | ||||||||||||
9.43 | JPMCB | 483 Heartland Drive | 191,067 | ||||||||||||
9.44 | JPMCB | 1256 Oakbrook Drive | 187,593 | ||||||||||||
9.45 | JPMCB | 550 Heartland | 168,486 |
A-1-7
Annex A-1
Final | Maturity/ARD | ||||||||||||||
Rem. | Rem. | I/O | Payment | Grace Period | Grace Period | Maturity | ARD | Maturity | Balance | Maturity | |||||
Loan # | Seller(1) | Property Name | Term | Amort | Period | Seasoning | Due Date | (Late Payment)(12) | (Default)(12) | Date | Loan(6)(10) | Date | ($)(6)(7) | LTV %(5)(29) | |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 165,881 | ||||||||||||
10 | CREFI | 2010 South Lamar | 84 | 0 | 84 | 0 | 6 | 0 | 0 | 10/06/27 | No | 10/06/27 | 32,100,000 | 59.9% | |
11 | GSMC | 333 South Wabash | 95 | 0 | 96 | 1 | 1 | 5 (Once per year) | 5 (Once per year) | 09/01/28 | No | 09/01/28 | 30,000,000 | 62.8% | |
12 | CREFI | Redmond Town Center | 53 | 360 | 24 | 7 | 6 | 0 | 0 | 03/06/25 | No | 03/06/25 | 28,362,230 | 63.5% | |
13 | GSMC | Earhart Corporate Center | 120 | 360 | 60 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 27,022,980 | 56.3% | |
14 | CREFI | 2665 North First | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 29,000,000 | 59.7% | |
15 | CREFI | KW Portfolio | 120 | 360 | 0 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 22,181,591 | 50.9% | |
15.01 | CREFI | 10054 Old Grove Road | 11,611,565 | ||||||||||||
15.02 | CREFI | 2742 Dow Avenue | 10,570,026 | ||||||||||||
16 | GSMC | USAA Plano | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 09/06/30 | Yes | 08/06/31 | 25,000,000 | 53.0% | |
17 | GSMC | The Hub | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 25,000,000 | 54.7% | |
18 | JPMCB | Troy Technology Park | 120 | 360 | 24 | 0 | 1 | 0 | 0 | 10/01/30 | No | 10/01/30 | 20,873,798 | 60.9% | |
19 | GSMC | Amazon Industrial Portfolio | 105 | 0 | 107 | 2 | 6 | 0 | 0 | 07/06/29 | No | 07/06/29 | 24,100,000 | 64.7% | |
19.01 | GSMC | 12900 Pecan Park Road | 12,140,093 | ||||||||||||
19.02 | GSMC | 6925 Riverview Avenue | 11,959,907 | ||||||||||||
20 | GSMC | Westlake Center | 110 | 360 | 0 | 0 | 6 | 0 | 0 | 12/06/29 | No | 12/06/29 | 17,435,798 | 53.5% | |
21 | GACC | Home Ranch Health Center | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 20,400,000 | 58.2% | |
22 | CREFI | Keylock Storage Portfolio | 120 | 360 | 0 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 15,758,299 | 54.2% | |
22.01 | CREFI | Mead | 4,123,592 | ||||||||||||
22.02 | CREFI | Franklin | 3,549,979 | ||||||||||||
22.03 | CREFI | Boise | 3,425,630 | ||||||||||||
22.04 | CREFI | Fruitland | 2,561,200 | ||||||||||||
22.05 | CREFI | Pendleton | 2,097,897 | ||||||||||||
23 | GSMC | 711 Fifth Avenue | 113 | 0 | 120 | 7 | 6 | 0 | 0 | 03/06/30 | No | 03/06/30 | 15,000,000 | 54.5% | |
24 | CREFI | 6655 Wedgwood | 120 | 360 | 36 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 8,916,631 | 58.5% | |
25 | CREFI | Mid Atlantic Storage Portfolio | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 10,000,000 | 54.9% | |
25.01 | CREFI | Storage at Atlas | 5,200,000 | ||||||||||||
25.02 | CREFI | Storage at Mont Mini | 4,800,000 | ||||||||||||
26 | GSMC | 3861 Sepulveda Boulevard | 120 | 0 | 120 | 0 | 6 | 5 (Once per year, only two times) | 0 | 10/06/30 | No | 10/06/30 | 9,500,000 | 60.1% | |
27 | GSMC | Pell City Shopping Center | 111 | 360 | 60 | 9 | 6 | 0 | 0 | 01/06/30 | No | 01/06/30 | 7,077,288 | 59.0% | |
28 | GACC | Tesla Service Center of Chicago | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 7,250,000 | 54.1% | |
29 | GSMC | Storage Post – Jefferson, LA | 120 | 0 | 120 | 0 | 6 | 5 (Once per year) | 0 | 10/06/30 | No | 10/06/30 | 7,080,000 | 58.8% | |
30 | GACC | Diversey | 120 | 360 | 24 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 5,089,405 | 48.9% | |
31 | CREFI | 167 North 6th Street | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 5,800,000 | 63.7% | |
32 | CREFI | 47 Ann | 60 | 0 | 60 | 0 | 6 | 0 | 0 | 10/06/25 | No | 10/06/25 | 5,700,000 | 48.7% | |
33 | GACC | Rosencrans Apartment Homes | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 10/06/30 | No | 10/06/30 | 5,150,000 | 55.1% | |
34 | CREFI | 71 Leonard | 60 | 0 | 60 | 0 | 6 | 0 | 0 | 10/06/25 | No | 10/06/25 | 2,300,000 | 50.0% |
A-1-8
Annex A-1
HISTORICAL FINANCIALS(14) | ||||||||||
Prepayment | ||||||||||
Provision | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2019 | |||
Loan # | Seller(1) | Property Name | (Payments)(13) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) |
1 | GACC | Moffett Place - Building 6 | L(24),Grtr1%orYM(2),DeforGrtr1%orYM(87),O(7) | |||||||
2 | JPMCB/CREFI | 120 Wall Street | YM(24),DeforYM(92),O(4) | 24,140,302 | 11,652,754 | 12,487,548 | 23,299,486 | 13,252,949 | 10,046,537 | 26,193,303 |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | Grtr0.5%orYM(31),DeforGrtr0.5%orYM(82),O(7) | 2,161,960,165 | 1,556,922,957 | 605,037,208 | 2,191,540,530 | 1,574,171,264 | 617,369,266 | 2,106,295,488 |
3.01 | CREFI/GACC | MGM Grand | 1,179,680,639 | 834,995,842 | 344,684,797 | 1,226,105,346 | 854,539,115 | 371,566,231 | 1,161,850,748 | |
3.02 | CREFI/GACC | Mandalay Bay | 982,279,526 | 721,927,115 | 260,352,411 | 965,435,184 | 719,632,149 | 245,803,035 | 944,444,740 | |
4 | JPMCB | 4 West 58th Street | L(31),Def(83),O(6) | 4,905,078 | 1,996,939 | 2,908,139 | 4,877,497 | 1,903,193 | 2,974,304 | 5,628,265 |
5 | CREFI | Northern Trust Office | L(24),Def(55),O(5) | 4,158,664 | 1,355,848 | 2,802,816 | 4,934,469 | |||
6 | GACC | Coleman Highline | L(25),Def(88),O(7) | |||||||
7 | GACC | Point West Portfolio | L(24),Def(91),O(5) | 6,151,167 | 3,399,861 | 2,751,306 | 6,151,014 | 3,466,291 | 2,684,723 | 6,604,641 |
7.01 | GACC | 1610 & 1620 Arden Way | ||||||||
7.02 | GACC | 1545 River Park Drive | ||||||||
7.03 | GACC | 1601 Response Road | ||||||||
8 | CREFI | Skywater Technology HQ | L(24),Def(92),O(4) | |||||||
9 | JPMCB | Agellan Portfolio | L(26),Def(30),O(4) | 53,679,748 | 19,917,149 | 33,762,598 | 60,700,041 | 21,738,754 | 38,961,287 | 63,486,372 |
9.01 | JPMCB | Sarasota Distribution Hub | 7,406,160 | 2,739,497 | 4,666,663 | 7,670,233 | 2,937,926 | 4,732,307 | 8,667,076 | |
9.02 | JPMCB | Naperville Woods Office Center | 11,389,307 | 5,730,623 | 5,658,684 | 12,083,301 | 5,589,481 | 6,493,820 | 12,433,338 | |
9.03 | JPMCB | Southpark Business Park FOP | 3,033,240 | 931,542 | 2,101,698 | 3,196,891 | 984,124 | 2,212,767 | 3,262,196 | |
9.04 | JPMCB | Supervalu | 1,807,491 | 241,114 | 1,566,378 | 1,679,544 | 254,739 | 1,424,805 | 1,822,008 | |
9.05 | JPMCB | Plainfield Business Center IV | 1,907,215 | 574,471 | 1,332,744 | 1,891,007 | 594,804 | 1,296,204 | 1,913,185 | |
9.06 | JPMCB | Beltway III | 2,474,086 | 1,321,115 | 1,152,972 | 3,516,342 | 1,485,310 | 2,031,032 | 3,449,593 | |
9.07 | JPMCB | 4405 Continental Dr | 1,520,286 | 167,141 | 1,353,145 | 2,387,108 | 365,458 | 2,021,650 | 2,454,022 | |
9.08 | JPMCB | Beltway IV | 2,807,985 | 1,327,711 | 1,480,274 | 2,444,016 | 1,351,073 | 1,092,943 | 2,500,287 | |
9.09 | JPMCB | Sandy Plains Business Park | 1,224,196 | 304,062 | 920,134 | 1,310,152 | 321,405 | 988,747 | 1,373,252 | |
9.10 | JPMCB | Coliseum Distribution Center #1 | 1,162,988 | 368,460 | 794,528 | 1,159,557 | ||||
9.11 | JPMCB | Silber Industrial Park | 1,271,131 | 422,514 | 848,616 | 1,275,183 | 406,461 | 868,722 | 1,223,646 | |
9.12 | JPMCB | Southpark Business Park M | 1,110,392 | 329,850 | 780,542 | 1,174,767 | 366,843 | 807,924 | 1,189,281 | |
9.13 | JPMCB | West by Northwest Business Blvd | 1,056,180 | 320,321 | 735,859 | 1,131,126 | 349,481 | 781,644 | 1,050,317 | |
9.14 | JPMCB | Norcross Center | 1,034,811 | 255,226 | 779,585 | 1,075,754 | 256,545 | 819,210 | 1,129,734 | |
9.15 | JPMCB | Goshen Springs | 835,265 | 245,665 | 589,600 | 799,244 | 218,129 | 581,115 | 785,935 | |
9.16 | JPMCB | Long Point Center | 1,021,122 | 380,837 | 640,285 | 1,156,406 | 409,301 | 747,105 | 1,166,108 | |
9.17 | JPMCB | Corridor Park D | 219,211 | 60,308 | 158,903 | 919,083 | ||||
9.18 | JPMCB | Southport 1-4 | 997,736 | 432,557 | 565,180 | 1,072,677 | 449,239 | 623,438 | 1,043,587 | |
9.19 | JPMCB | Jameel | 1,007,140 | 305,967 | 701,173 | 1,044,882 | 312,631 | 732,251 | 994,616 | |
9.20 | JPMCB | Beltway II | 2,570,292 | 966,982 | 1,603,310 | 2,608,806 | 1,002,724 | 1,606,082 | 2,710,140 | |
9.21 | JPMCB | Braker Center 4 | 797,505 | 246,428 | 551,077 | 790,552 | 281,942 | 508,610 | 880,039 | |
9.22 | JPMCB | Northgreen 1-4 | 986,758 | 402,730 | 584,028 | 1,004,734 | 450,162 | 554,572 | 912,088 | |
9.23 | JPMCB | Minimax | 607,608 | 192,832 | 414,776 | 741,124 | 228,055 | 513,068 | 766,323 | |
9.24 | JPMCB | Southpark Business Park E | 740,437 | 218,917 | 521,519 | 605,888 | 76,428 | 529,460 | 625,886 | |
9.25 | JPMCB | 9385 Washington Blvd | 337,745 | 96,839 | 240,906 | 559,955 | ||||
9.26 | JPMCB | Rothway | 1,018,807 | 362,692 | 656,115 | 1,006,249 | 334,398 | 671,851 | 695,389 | |
9.27 | JPMCB | 2730 Pinnacle | 277,754 | 53,751 | 224,003 | 552,011 | 107,691 | 444,320 | 552,302 | |
9.28 | JPMCB | Columbus West - Interchange Rd | 556,678 | 180,038 | 376,641 | 617,707 | 207,187 | 410,520 | 629,778 | |
9.29 | JPMCB | 1346 Oakbrook Drive | 383,252 | 123,607 | 259,645 | 443,611 | 129,254 | 314,357 | 521,627 | |
9.30 | JPMCB | 1230-1236 Hardt Circle | 259,899 | 72,388 | 187,511 | 492,089 | 155,493 | 336,596 | 553,143 | |
9.31 | JPMCB | Pine Forest Business Park | 474,613 | 165,208 | 309,405 | 512,978 | 192,327 | 320,651 | 496,975 | |
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 412,440 | 142,622 | 269,817 | 421,567 | ||||
9.33 | JPMCB | 1351 Oakbrook Drive | 278,250 | 78,703 | 199,547 | 322,882 | 76,626 | 246,256 | 350,467 | |
9.34 | JPMCB | 1325 Oakbrook Drive | 315,511 | 86,630 | 228,881 | 345,319 | 79,725 | 265,594 | 345,827 | |
9.35 | JPMCB | 490 Heartland Drive | 185,302 | 41,285 | 144,017 | 362,811 | 73,141 | 289,671 | 374,794 | |
9.36 | JPMCB | 1265 Oakbrook Drive | 293,387 | 87,934 | 205,453 | 293,148 | 81,301 | 211,847 | 300,836 | |
9.37 | JPMCB | Columbus West - Business Park | 465,194 | 126,226 | 338,968 | 465,319 | 124,607 | 340,712 | 632,896 | |
9.38 | JPMCB | 1155 Bowes Road | 153,631 | 42,105 | 111,526 | 301,327 | 82,156 | 219,171 | 302,245 | |
9.39 | JPMCB | 1280 Oakbrook Drive | 321,273 | 82,313 | 238,960 | 313,163 | 67,047 | 246,116 | 325,735 | |
9.40 | JPMCB | Cox Business Center | 150,775 | 72,348 | 78,427 | 85,008 | 72,934 | 12,074 | 253,893 | |
9.41 | JPMCB | 2002 Bloomingdale | 190,224 | 60,646 | 129,578 | 259,389 | 121,737 | 137,653 | 218,345 | |
9.42 | JPMCB | 333 Charles Court | 230,730 | 76,704 | 154,026 | 467,213 | 163,055 | 304,157 | 408,819 | |
9.43 | JPMCB | 483 Heartland Drive | 136,282 | 44,086 | 92,196 | 289,331 | 95,678 | 193,653 | 313,731 | |
9.44 | JPMCB | 1256 Oakbrook Drive | 247,333 | 68,959 | 178,374 | 257,044 | 65,952 | 191,092 | 280,108 | |
9.45 | JPMCB | 550 Heartland | 134,509 | 33,425 | 101,083 | 257,714 | 59,159 | 198,554 | 271,775 |
A-1-9
Aneex A-1
HISTORICAL FINANCIALS(14) | ||||||||||
Prepayment | ||||||||||
Provision | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2019 | |||
Loan # | Seller(1) | Property Name | (Payments)(13) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 263,606 | 88,793 | 174,813 | 244,870 | ||||
10 | CREFI | 2010 South Lamar | L(24),Grtr1%orYM(56),O(4) | |||||||
11 | GSMC | 333 South Wabash | L(47),Def(43),O(6) | 32,751,800 | 17,917,991 | 14,833,810 | 21,999,071 | 18,059,960 | 3,939,112 | 11,924,085 |
12 | CREFI | Redmond Town Center | L(31),Def(25),O(4) | 12,572,296 | 3,843,706 | 8,728,590 | 12,945,809 | 3,914,837 | 9,030,971 | |
13 | GSMC | Earhart Corporate Center | L(24),Def(91),O(5) | |||||||
14 | CREFI | 2665 North First | L(11),Grtr1%orYM(106),O(3) | 4,638,383 | 1,339,615 | 3,298,768 | 4,668,045 | 1,374,055 | 3,293,990 | 4,350,502 |
15 | CREFI | KW Portfolio | L(24),Def(92),O(4) | |||||||
15.01 | CREFI | 10054 Old Grove Road | ||||||||
15.02 | CREFI | 2742 Dow Avenue | ||||||||
16 | GSMC | USAA Plano | L(11),Grtr1%orYM(105),O(4) | |||||||
17 | GSMC | The Hub | L(24),Def(92),O(4) | 6,067,594 | 1,396,735 | 4,670,859 | 6,335,576 | 1,664,562 | 4,671,014 | 6,586,524 |
18 | JPMCB | Troy Technology Park | L(24),Def(93),O(3) | 5,557,027 | 1,855,375 | 3,701,652 | 5,993,464 | |||
19 | GSMC | Amazon Industrial Portfolio | L(26),Def(74),O(7) | |||||||
19.01 | GSMC | 12900 Pecan Park Road | ||||||||
19.02 | GSMC | 6925 Riverview Avenue | ||||||||
20 | GSMC | Westlake Center | L(24),Grtr1%orYM(81),O(5) | 3,394,420 | 1,591,920 | 1,802,500 | 3,307,308 | |||
21 | GACC | Home Ranch Health Center | L(24),Def(91),O(5) | 1,470,674 | ||||||
22 | CREFI | Keylock Storage Portfolio | L(24),Def(93),O(3) | 2,529,718 | 953,275 | 1,576,443 | 2,650,576 | 993,689 | 1,656,887 | 2,704,266 |
22.01 | CREFI | Mead | 573,422 | 201,436 | 371,985 | 631,284 | 212,288 | 418,996 | 677,914 | |
22.02 | CREFI | Franklin | 537,430 | 229,687 | 307,743 | 552,075 | 229,770 | 322,305 | 587,128 | |
22.03 | CREFI | Boise | 550,212 | 214,921 | 335,291 | 581,846 | 218,679 | 363,168 | 587,895 | |
22.04 | CREFI | Fruitland | 442,618 | 150,331 | 292,287 | 455,769 | 161,326 | 294,443 | 442,274 | |
22.05 | CREFI | Pendleton | 426,037 | 156,900 | 269,137 | 429,601 | 171,626 | 257,975 | 409,056 | |
23 | GSMC | 711 Fifth Avenue | L(31),Def(82),O(7) | 62,723,555 | 17,358,037 | 45,365,518 | 63,038,695 | 18,950,129 | 44,088,566 | 69,563,590 |
24 | CREFI | 6655 Wedgwood | L(24),Def(92),O(4) | 1,854,502 | 673,176 | 1,181,326 | 2,084,221 | |||
25 | CREFI | Mid Atlantic Storage Portfolio | L(24),Def(91),O(5) | 1,527,032 | 544,613 | 982,419 | 1,579,928 | |||
25.01 | CREFI | Storage at Atlas | 788,324 | 305,516 | 482,808 | 820,154 | ||||
25.02 | CREFI | Storage at Mont Mini | 738,708 | 239,097 | 499,611 | 759,774 | ||||
26 | GSMC | 3861 Sepulveda Boulevard | L(24),Grtr1%orYM(92),O(4) | |||||||
27 | GSMC | Pell City Shopping Center | L(33),Def(83),O(4) | 939,867 | 190,068 | 749,799 | 1,120,331 | 226,730 | 893,601 | |
28 | GACC | Tesla Service Center of Chicago | L(24),Def(91),O(5) | |||||||
29 | GSMC | Storage Post – Jefferson, LA | L(24),Def(92),O(4) | 1,116,519 | 370,019 | 746,500 | 1,156,130 | 362,956 | 793,174 | 1,124,050 |
30 | GACC | Diversey | L(23),Grtr1%orYM(1),DeforGrtr1%orYM(91),O(5) | |||||||
31 | CREFI | 167 North 6th Street | L(24),Def(92),O(4) | 477,228 | 72,805 | 404,423 | 486,005 | 70,256 | 415,749 | 493,794 |
32 | CREFI | 47 Ann | L(24),Def(32),O(4) | 702,238 | 361,154 | 341,084 | 825,335 | 403,627 | 421,708 | 847,695 |
33 | GACC | Rosencrans Apartment Homes | L(24),Def(92),O(4) | 278,966 | 73,508 | 205,457 | 337,152 | 71,267 | 265,885 | 346,293 |
34 | CREFI | 71 Leonard | L(24),Def(32),O(4) | 377,518 | 176,183 | 201,335 | 396,438 | 195,895 | 200,543 | 399,640 |
A-1-10
Annex A-1
HISTORICAL FINANCIALS(14) | ||||||||||||
UW | ||||||||||||
2019 | 2019 | Most Recent | Most Recent | Most Recent | Economic | UW | UW Total | UW | ||||
Loan # | Seller(1) | Property Name | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($)(15) | As of | Occupancy % | Revenues ($)(4) | Expenses ($) | NOI ($)(4)(15)(16) |
1 | GACC | Moffett Place - Building 6 | 95.0% | 18,990,159 | 2,692,414 | 16,297,746 | ||||||
2 | JPMCB/CREFI | 120 Wall Street | 13,240,969 | 12,952,334 | 26,254,913 | 13,064,624 | 13,190,289 | 07/31/20 | 94.0% | 28,608,590 | 13,183,745 | 15,424,845 |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | 1,586,215,135 | 520,080,353 | 1,542,534,742 | 1,161,377,839 | 381,156,903 | 06/30/20 | 92.1% | 2,106,295,488 | 1,586,215,135 | 520,080,353 |
3.01 | CREFI/GACC | MGM Grand | 879,242,083 | 282,608,665 | 874,139,277 | 653,818,258 | 220,321,020 | 06/30/20 | 91.4% | 1,161,850,748 | 879,242,083 | 282,608,665 |
3.02 | CREFI/GACC | Mandalay Bay | 706,973,052 | 237,471,688 | 668,395,465 | 507,559,582 | 160,835,883 | 06/30/20 | 92.8% | 944,444,740 | 706,973,052 | 237,471,688 |
4 | JPMCB | 4 West 58th Street | 2,057,287 | 3,570,977 | 7,897,694 | 3,378,556 | 4,519,138 | 06/30/20 | 95.0% | 11,943,386 | 2,701,328 | 9,242,058 |
5 | CREFI | Northern Trust Office | 1,482,044 | 3,452,425 | 5,170,655 | 1,530,337 | 3,640,318 | 04/30/20 | 97.8% | 5,497,638 | 1,709,554 | 3,788,084 |
6 | GACC | Coleman Highline | 95.0% | 21,806,104 | 5,806,707 | 15,999,397 | ||||||
7 | GACC | Point West Portfolio | 2,993,385 | 3,611,256 | 6,912,938 | 3,004,765 | 3,908,173 | 08/31/20 | 84.7% | 7,772,716 | 3,137,294 | 4,635,422 |
7.01 | GACC | 1610 & 1620 Arden Way | ||||||||||
7.02 | GACC | 1545 River Park Drive | ||||||||||
7.03 | GACC | 1601 Response Road | ||||||||||
8 | CREFI | Skywater Technology HQ | 95.0% | 6,300,718 | 1,812,651 | 4,488,067 | ||||||
9 | JPMCB | Agellan Portfolio | 23,013,221 | 40,473,151 | 89.4% | 60,350,250 | 24,159,826 | 36,190,424 | ||||
9.01 | JPMCB | Sarasota Distribution Hub | 3,826,998 | 4,840,078 | 95.0% | 8,006,744 | 3,583,505 | 4,423,239 | ||||
9.02 | JPMCB | Naperville Woods Office Center | 5,958,534 | 6,474,805 | 95.0% | 13,114,742 | 6,065,177 | 7,049,566 | ||||
9.03 | JPMCB | Southpark Business Park FOP | 946,984 | 2,315,211 | 95.0% | 3,352,508 | 1,050,754 | 2,301,754 | ||||
9.04 | JPMCB | Supervalu | 250,678 | 1,571,331 | 95.0% | 1,873,904 | 389,739 | 1,484,165 | ||||
9.05 | JPMCB | Plainfield Business Center IV | 586,757 | 1,326,428 | 95.0% | 2,029,974 | 750,961 | 1,279,013 | ||||
9.06 | JPMCB | Beltway III | 1,454,757 | 1,994,836 | 95.0% | 3,436,783 | 1,538,276 | 1,898,507 | ||||
9.07 | JPMCB | 4405 Continental Dr | 380,753 | 2,073,269 | 95.0% | 2,525,258 | 560,922 | 1,964,336 | ||||
9.08 | JPMCB | Beltway IV | 1,342,028 | 1,158,259 | 81.1% | 2,558,926 | 1,395,999 | 1,162,927 | ||||
9.09 | JPMCB | Sandy Plains Business Park | 332,977 | 1,040,275 | 95.0% | 1,487,417 | 363,265 | 1,124,152 | ||||
9.10 | JPMCB | Coliseum Distribution Center #1 | 338,794 | 820,763 | 95.0% | 1,226,106 | 347,981 | 878,124 | ||||
9.11 | JPMCB | Silber Industrial Park | 363,570 | 860,076 | 91.7% | 1,246,286 | 405,968 | 840,318 | ||||
9.12 | JPMCB | Southpark Business Park M | 346,524 | 842,758 | 95.0% | 1,294,996 | 384,842 | 910,154 | ||||
9.13 | JPMCB | West by Northwest Business Blvd | 307,652 | 742,665 | 93.4% | 1,151,909 | 345,410 | 806,500 | ||||
9.14 | JPMCB | Norcross Center | 242,766 | 886,967 | 95.0% | 1,173,228 | 280,901 | 892,328 | ||||
9.15 | JPMCB | Goshen Springs | 251,030 | 534,905 | 95.0% | 970,773 | 270,791 | 699,982 | ||||
9.16 | JPMCB | Long Point Center | 370,381 | 795,727 | 94.3% | 1,121,405 | 414,360 | 707,044 | ||||
9.17 | JPMCB | Corridor Park D | 279,002 | 640,082 | 95.0% | 912,456 | 286,158 | 626,298 | ||||
9.18 | JPMCB | Southport 1-4 | 408,071 | 635,516 | 83.0% | 1,008,255 | 447,199 | 561,056 | ||||
9.19 | JPMCB | Jameel | 293,286 | 701,330 | 90.6% | 956,717 | 311,211 | 645,505 | ||||
9.20 | JPMCB | Beltway II | 1,052,047 | 1,658,093 | 19.3% | 345,215 | 985,989 | -640,774 | ||||
9.21 | JPMCB | Braker Center 4 | 284,009 | 596,030 | 91.7% | 849,308 | 300,337 | 548,971 | ||||
9.22 | JPMCB | Northgreen 1-4 | 405,616 | 506,472 | 71.5% | 752,238 | 454,109 | 298,129 | ||||
9.23 | JPMCB | Minimax | 222,922 | 543,402 | 95.0% | 775,076 | 244,517 | 530,559 | ||||
9.24 | JPMCB | Southpark Business Park E | 77,241 | 548,645 | 95.0% | 787,979 | 241,852 | 546,128 | ||||
9.25 | JPMCB | 9385 Washington Blvd | 155,845 | 404,110 | 87.4% | 541,947 | 137,510 | 404,437 | ||||
9.26 | JPMCB | Rothway | 299,234 | 396,155 | 50.3% | 415,134 | 294,125 | 121,009 | ||||
9.27 | JPMCB | 2730 Pinnacle | 112,886 | 439,415 | 95.0% | 557,337 | 132,026 | 425,311 | ||||
9.28 | JPMCB | Columbus West - Interchange Rd | 191,462 | 438,316 | 91.7% | 608,246 | 230,717 | 377,529 | ||||
9.29 | JPMCB | 1346 Oakbrook Drive | 129,489 | 392,138 | 95.0% | 548,668 | 135,883 | 412,785 | ||||
9.30 | JPMCB | 1230-1236 Hardt Circle | 197,296 | 355,846 | 82.1% | 414,856 | 169,923 | 244,932 | ||||
9.31 | JPMCB | Pine Forest Business Park | 166,758 | 330,216 | 37.3% | 164,663 | 189,368 | -24,706 | ||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 146,471 | 275,097 | 93.8% | 436,510 | 141,248 | 295,262 | ||||
9.33 | JPMCB | 1351 Oakbrook Drive | 79,762 | 270,705 | 70.7% | 245,403 | 84,210 | 161,193 | ||||
9.34 | JPMCB | 1325 Oakbrook Drive | 79,518 | 266,309 | 95.0% | 370,097 | 90,104 | 279,993 | ||||
9.35 | JPMCB | 490 Heartland Drive | 89,836 | 284,958 | 95.0% | 374,187 | 89,177 | 285,010 | ||||
9.36 | JPMCB | 1265 Oakbrook Drive | 83,435 | 217,401 | 95.0% | 350,043 | 92,566 | 257,476 | ||||
9.37 | JPMCB | Columbus West - Business Park | 137,492 | 495,404 | 0 | 129,100 | -129,100 | |||||
9.38 | JPMCB | 1155 Bowes Road | 82,007 | 220,238 | 0 | 77,531 | -77,531 | |||||
9.39 | JPMCB | 1280 Oakbrook Drive | 71,894 | 253,841 | 95.0% | 325,037 | 81,026 | 244,011 | ||||
9.40 | JPMCB | Cox Business Center | 84,109 | 169,783 | 95.0% | 306,220 | 64,509 | 241,711 | ||||
9.41 | JPMCB | 2002 Bloomingdale | 107,781 | 110,564 | 95.0% | 296,359 | 117,080 | 179,279 | ||||
9.42 | JPMCB | 333 Charles Court | 139,182 | 269,636 | 95.0% | 397,852 | 141,351 | 256,501 | ||||
9.43 | JPMCB | 483 Heartland Drive | 108,619 | 205,111 | 88.8% | 263,482 | 108,557 | 154,925 | ||||
9.44 | JPMCB | 1256 Oakbrook Drive | 73,017 | 207,091 | 89.5% | 258,090 | 76,234 | 181,856 | ||||
9.45 | JPMCB | 550 Heartland | 68,070 | 203,705 | 95.0% | 257,816 | 67,685 | 190,131 |
A-1-11
Annex A-1
HISTORICAL FINANCIALS(14) | ||||||||||||
UW | ||||||||||||
2019 | 2019 | Most Recent | Most Recent | Most Recent | Economic | UW | UW Total | UW | ||||
Loan # | Seller(1) | Property Name | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($)(15) | As of | Occupancy % | Revenues ($)(4) | Expenses ($) | NOI ($)(4)(15)(16) |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 85,681 | 159,189 | 87.8% | 260,104 | 89,674 | 170,430 | ||||
10 | CREFI | 2010 South Lamar | 95.0% | 4,487,441 | 1,424,863 | 3,062,579 | ||||||
11 | GSMC | 333 South Wabash | 13,207,574 | -1,283,489 | 10,248,756 | 15,122,901 | -4,874,145 | 05/31/20 | 91.7% | 41,578,718 | 17,347,570 | 24,231,148 |
12 | CREFI | Redmond Town Center | 13,766,778 | 4,065,369 | 9,701,409 | 11/30/19 | 94.0% | 15,096,303 | 4,207,821 | 10,888,482 | ||
13 | GSMC | Earhart Corporate Center | 4,509,192 | 2,228,029 | 2,281,162 | 06/30/20 | 94.6% | 5,503,407 | 2,259,782 | 3,243,624 | ||
14 | CREFI | 2665 North First | 1,471,687 | 2,878,815 | 4,385,547 | 1,492,256 | 2,893,291 | 06/30/20 | 83.4% | 4,747,771 | 1,653,713 | 3,094,058 |
15 | CREFI | KW Portfolio | 95.0% | 3,398,183 | 823,130 | 2,575,053 | ||||||
15.01 | CREFI | 10054 Old Grove Road | 95.0% | 1,648,470 | 409,251 | 1,239,219 | ||||||
15.02 | CREFI | 2742 Dow Avenue | 95.0% | 1,749,713 | 413,879 | 1,335,833 | ||||||
16 | GSMC | USAA Plano | 97.5% | 6,908,279 | 209,748 | 6,698,530 | ||||||
17 | GSMC | The Hub | 1,589,768 | 4,996,756 | 6,433,784 | 1,515,574 | 4,918,210 | 07/31/20 | 96.0% | 6,511,632 | 1,586,584 | 4,925,048 |
18 | JPMCB | Troy Technology Park | 1,883,348 | 4,110,116 | 6,152,363 | 1,964,561 | 4,187,802 | 06/30/20 | 82.6% | 6,029,035 | 1,896,232 | 4,132,803 |
19 | GSMC | Amazon Industrial Portfolio | 98.0% | 13,375,374 | 2,281,427 | 11,093,948 | ||||||
19.01 | GSMC | 12900 Pecan Park Road | ||||||||||
19.02 | GSMC | 6925 Riverview Avenue | ||||||||||
20 | GSMC | Westlake Center | 1,586,091 | 1,721,217 | 3,572,890 | 1,560,911 | 2,011,979 | 06/30/20 | 95.0% | 4,268,818 | 1,604,409 | 2,664,409 |
21 | GACC | Home Ranch Health Center | 449,513 | 1,021,161 | 1,557,866 | 429,751 | 1,128,115 | 05/31/20 | 82.9% | 2,136,771 | 468,771 | 1,668,000 |
22 | CREFI | Keylock Storage Portfolio | 984,736 | 1,719,530 | 2,679,880 | 993,885 | 1,685,995 | 08/31/20 | 82.3% | 2,679,880 | 992,092 | 1,687,788 |
22.01 | CREFI | Mead | 210,261 | 467,653 | 670,340 | 234,866 | 435,474 | 08/31/20 | 85.0% | 670,340 | 234,341 | 435,998 |
22.02 | CREFI | Franklin | 244,385 | 342,743 | 609,144 | 237,266 | 371,878 | 08/31/20 | 89.7% | 609,144 | 236,648 | 372,496 |
22.03 | CREFI | Boise | 196,546 | 391,349 | 589,484 | 220,684 | 368,800 | 08/31/20 | 84.3% | 589,484 | 219,645 | 369,839 |
22.04 | CREFI | Fruitland | 159,896 | 282,377 | 421,757 | 145,525 | 276,232 | 08/31/20 | 72.9% | 421,757 | 145,361 | 276,396 |
22.05 | CREFI | Pendleton | 173,648 | 235,408 | 389,156 | 155,544 | 233,612 | 08/31/20 | 76.0% | 389,156 | 156,098 | 233,058 |
23 | GSMC | 711 Fifth Avenue | 20,967,241 | 48,596,349 | 69,060,254 | 21,771,999 | 47,288,255 | 03/31/20 | 90.6% | 74,193,553 | 22,888,769 | 51,304,783 |
24 | CREFI | 6655 Wedgwood | 758,387 | 1,325,834 | 2,135,646 | 719,502 | 1,416,144 | 06/30/20 | 89.7% | 2,022,577 | 789,619 | 1,232,958 |
25 | CREFI | Mid Atlantic Storage Portfolio | 560,661 | 1,019,268 | 1,576,213 | 547,342 | 1,028,870 | 08/31/20 | 81.0% | 1,576,213 | 565,506 | 1,010,707 |
25.01 | CREFI | Storage at Atlas | 305,074 | 515,081 | 819,261 | 296,385 | 522,876 | 08/31/20 | 81.7% | 819,261 | 293,834 | 525,426 |
25.02 | CREFI | Storage at Mont Mini | 255,587 | 504,187 | 756,952 | 250,957 | 505,995 | 08/31/20 | 80.4% | 756,952 | 271,671 | 485,281 |
26 | GSMC | 3861 Sepulveda Boulevard | 273,632 | 176,024 | 97,608 | 05/31/20 | 95.0% | 1,084,522 | 202,829 | 881,693 | ||
27 | GSMC | Pell City Shopping Center | 1,239,646 | 249,245 | 990,401 | 07/31/20 | 95.0% | 1,144,805 | 248,849 | 895,956 | ||
28 | GACC | Tesla Service Center of Chicago | 1,069,814 | 72,383 | 997,431 | 07/31/20 | 95.0% | 1,067,485 | 295,218 | 772,267 | ||
29 | GSMC | Storage Post – Jefferson, LA | 376,793 | 747,257 | 1,109,749 | 395,488 | 714,261 | 06/30/20 | 96.5% | 1,109,749 | 384,326 | 725,423 |
30 | GACC | Diversey | 95.0% | 719,918 | 22,072 | 697,846 | ||||||
31 | CREFI | 167 North 6th Street | 71,652 | 422,142 | 514,194 | 75,330 | 438,864 | 06/30/20 | 97.0% | 516,234 | 82,967 | 433,267 |
32 | CREFI | 47 Ann | 396,675 | 451,020 | 844,754 | 402,855 | 441,899 | 06/30/20 | 92.7% | 913,816 | 422,356 | 491,460 |
33 | GACC | Rosencrans Apartment Homes | 65,862 | 280,431 | 522,459 | 41,577 | 480,882 | 08/30/20 | 94.9% | 701,985 | 199,559 | 502,426 |
34 | CREFI | 71 Leonard | 205,548 | 194,092 | 405,677 | 203,957 | 201,720 | 06/30/20 | 95.0% | 406,670 | 221,707 | 184,963 |
A-1-12
Annex A-1
UW Capital | UW | UW | UW NCF | UW NOI | UW NCF | Ground Lease | Ground Lease | Franchise | |||||
Loan # | Seller(1) | Property Name | Items ($) | NCF ($)(4)(16) | NOI DSCR(17)(29) | DSCR(17)(29) | Debt Yield %(18)(29) | Debt Yield %(18)(29) | Title Type(3)(19) | Expiration | Extension Terms | Expiration Date(20) | PML % |
1 | GACC | Moffett Place - Building 6 | 387,722 | 15,910,023 | 3.58 | 3.50 | 12.2% | 12.0% | Fee | 6% | |||
2 | JPMCB/CREFI | 120 Wall Street | 768,517 | 14,656,328 | 2.88 | 2.74 | 9.3% | 8.9% | Fee | ||||
3 | CREFI/GACC | MGM Grand & Mandalay Bay | 32,774,592 | 487,305,761 | 4.95 | 4.95 | 17.9% | 17.9% | Fee | ||||
3.01 | CREFI/GACC | MGM Grand | 16,011,953 | 266,596,712 | Fee | ||||||||
3.02 | CREFI/GACC | Mandalay Bay | 16,762,639 | 220,709,049 | Fee | ||||||||
4 | JPMCB | 4 West 58th Street | 182,111 | 9,059,948 | 1.98 | 1.94 | 7.4% | 7.2% | Fee/Leasehold | 09/14/2052 | None | ||
5 | CREFI | Northern Trust Office | 29,874 | 3,758,210 | 2.60 | 2.58 | 9.4% | 9.3% | Fee | ||||
6 | GACC | Coleman Highline | 0 | 15,999,397 | 3.64 | 3.64 | 10.3% | 10.3% | Fee | 11% | |||
7 | GACC | Point West Portfolio | 586,692 | 4,048,730 | 3.77 | 3.30 | 11.7% | 10.2% | Fee | Various | |||
7.01 | GACC | 1610 & 1620 Arden Way | Fee | 7% | |||||||||
7.02 | GACC | 1545 River Park Drive | Fee | 6% | |||||||||
7.03 | GACC | 1601 Response Road | Fee | 5% | |||||||||
8 | CREFI | Skywater Technology HQ | 292,156 | 4,195,911 | 1.93 | 1.80 | 11.5% | 10.8% | Fee | ||||
9 | JPMCB | Agellan Portfolio | 3,317,995 | 32,872,429 | 3.34 | 3.03 | 15.7% | 14.2% | Fee | ||||
9.01 | JPMCB | Sarasota Distribution Hub | 312,560 | 4,110,679 | Fee | ||||||||
9.02 | JPMCB | Naperville Woods Office Center | 860,403 | 6,189,162 | Fee | ||||||||
9.03 | JPMCB | Southpark Business Park FOP | 64,507 | 2,237,247 | Fee | ||||||||
9.04 | JPMCB | Supervalu | 87,515 | 1,396,650 | Fee | ||||||||
9.05 | JPMCB | Plainfield Business Center IV | 149,773 | 1,129,240 | Fee | ||||||||
9.06 | JPMCB | Beltway III | 232,829 | 1,665,678 | Fee | ||||||||
9.07 | JPMCB | 4405 Continental Dr | 137,927 | 1,826,409 | Fee | ||||||||
9.08 | JPMCB | Beltway IV | 234,855 | 928,072 | Fee | ||||||||
9.09 | JPMCB | Sandy Plains Business Park | 57,698 | 1,066,454 | Fee | ||||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | 71,722 | 806,402 | Fee | ||||||||
9.11 | JPMCB | Silber Industrial Park | 68,608 | 771,710 | Fee | ||||||||
9.12 | JPMCB | Southpark Business Park M | 25,017 | 885,137 | Fee | ||||||||
9.13 | JPMCB | West by Northwest Business Blvd | 42,326 | 764,174 | Fee | ||||||||
9.14 | JPMCB | Norcross Center | 58,602 | 833,725 | Fee | ||||||||
9.15 | JPMCB | Goshen Springs | 52,522 | 647,460 | Fee | ||||||||
9.16 | JPMCB | Long Point Center | 65,405 | 641,639 | Fee | ||||||||
9.17 | JPMCB | Corridor Park D | 19,344 | 606,954 | Fee | ||||||||
9.18 | JPMCB | Southport 1-4 | 51,516 | 509,540 | Fee | ||||||||
9.19 | JPMCB | Jameel | 32,723 | 612,782 | Fee | ||||||||
9.20 | JPMCB | Beltway II | 180,176 | -820,949 | Fee | ||||||||
9.21 | JPMCB | Braker Center 4 | 15,832 | 533,140 | Fee | ||||||||
9.22 | JPMCB | Northgreen 1-4 | 40,942 | 257,187 | Fee | ||||||||
9.23 | JPMCB | Minimax | 41,316 | 489,242 | Fee | ||||||||
9.24 | JPMCB | Southpark Business Park E | 17,229 | 528,898 | Fee | ||||||||
9.25 | JPMCB | 9385 Washington Blvd | 19,858 | 384,579 | Fee | ||||||||
9.26 | JPMCB | Rothway | 26,020 | 94,989 | Fee | ||||||||
9.27 | JPMCB | 2730 Pinnacle | 15,513 | 409,798 | Fee | ||||||||
9.28 | JPMCB | Columbus West - Interchange Rd | 31,447 | 346,082 | Fee | ||||||||
9.29 | JPMCB | 1346 Oakbrook Drive | 24,686 | 388,099 | Fee | ||||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | 20,717 | 224,216 | Fee | ||||||||
9.31 | JPMCB | Pine Forest Business Park | 27,617 | -52,323 | Fee | ||||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 17,519 | 277,743 | Fee | ||||||||
9.33 | JPMCB | 1351 Oakbrook Drive | 12,582 | 148,611 | Fee | ||||||||
9.34 | JPMCB | 1325 Oakbrook Drive | 18,317 | 261,677 | Fee | ||||||||
9.35 | JPMCB | 490 Heartland Drive | 13,627 | 271,383 | Fee | ||||||||
9.36 | JPMCB | 1265 Oakbrook Drive | 17,655 | 239,821 | Fee | ||||||||
9.37 | JPMCB | Columbus West - Business Park | 31,936 | -161,036 | Fee | ||||||||
9.38 | JPMCB | 1155 Bowes Road | 11,862 | -89,393 | Fee | ||||||||
9.39 | JPMCB | 1280 Oakbrook Drive | 16,000 | 228,011 | Fee | ||||||||
9.40 | JPMCB | Cox Business Center | 17,944 | 223,767 | Fee | ||||||||
9.41 | JPMCB | 2002 Bloomingdale | 11,006 | 168,273 | Fee | ||||||||
9.42 | JPMCB | 333 Charles Court | 12,628 | 243,873 | Fee | ||||||||
9.43 | JPMCB | 483 Heartland Drive | 12,560 | 142,365 | Fee | ||||||||
9.44 | JPMCB | 1256 Oakbrook Drive | 13,928 | 167,928 | Fee | ||||||||
9.45 | JPMCB | 550 Heartland | 10,458 | 179,673 | Fee |
A-1-13
Annex A-1
UW Capital | UW | UW | UW NCF | UW NOI | UW NCF | Ground Lease | Ground Lease | Franchise | |||||
Loan # | Seller(1) | Property Name | Items ($) | NCF ($)(4)(16) | NOI DSCR(17)(29) | DSCR(17)(29) | Debt Yield %(18)(29) | Debt Yield %(18)(29) | Title Type(3)(19) | Expiration | Extension Terms | Expiration Date(20) | PML % |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 12,767 | 157,662 | Fee | ||||||||
10 | CREFI | 2010 South Lamar | 151,970 | 2,910,609 | 2.28 | 2.17 | 9.5% | 9.1% | Fee | ||||
11 | GSMC | 333 South Wabash | 903,660 | 23,327,488 | 2.86 | 2.75 | 10.1% | 9.7% | Fee | ||||
12 | CREFI | Redmond Town Center | 695,051 | 10,193,431 | 1.91 | 1.79 | 10.7% | 10.0% | Fee | 10% | |||
13 | GSMC | Earhart Corporate Center | 232,624 | 3,011,000 | 1.99 | 1.85 | 10.8% | 10.0% | Fee | ||||
14 | CREFI | 2665 North First | 190,995 | 2,903,063 | 2.90 | 2.72 | 10.7% | 10.0% | Fee | 14% | |||
15 | CREFI | KW Portfolio | 152,719 | 2,422,334 | 1.66 | 1.57 | 9.1% | 8.6% | Fee | Various | |||
15.01 | CREFI | 10054 Old Grove Road | 66,453 | 1,172,766 | Fee | 10% | |||||||
15.02 | CREFI | 2742 Dow Avenue | 86,266 | 1,249,568 | Fee | 15% | |||||||
16 | GSMC | USAA Plano | 55,349 | 6,643,181 | 2.87 | 2.84 | 10.5% | 10.4% | Fee | ||||
17 | GSMC | The Hub | 166,363 | 4,758,685 | 3.15 | 3.04 | 11.1% | 10.8% | Fee | ||||
18 | JPMCB | Troy Technology Park | 7,399 | 4,125,403 | 1.66 | 1.66 | 9.2% | 9.2% | Fee | ||||
19 | GSMC | Amazon Industrial Portfolio | 171,321 | 10,922,627 | 2.42 | 2.38 | 8.0% | 7.9% | Fee | ||||
19.01 | GSMC | 12900 Pecan Park Road | Fee | ||||||||||
19.02 | GSMC | 6925 Riverview Avenue | Fee | ||||||||||
20 | GSMC | Westlake Center | 44,245 | 2,620,164 | 2.23 | 2.19 | 12.3% | 12.1% | Fee | ||||
21 | GACC | Home Ranch Health Center | 72,767 | 1,595,233 | 2.16 | 2.06 | 9.1% | 8.7% | Fee | 14% | |||
22 | CREFI | Keylock Storage Portfolio | 45,705 | 1,642,082 | 1.45 | 1.41 | 8.6% | 8.4% | Various | Various | Various | ||
22.01 | CREFI | Mead | 5,449 | 430,550 | Fee | ||||||||
22.02 | CREFI | Franklin | 3,014 | 369,482 | Fee | ||||||||
22.03 | CREFI | Boise | 13,307 | 356,533 | Fee | ||||||||
22.04 | CREFI | Fruitland | 9,681 | 266,715 | Fee | ||||||||
22.05 | CREFI | Pendleton | 14,255 | 218,803 | Fee/Leasehold | 06/30/2025 | Two, five-year options | ||||||
23 | GSMC | 711 Fifth Avenue | 629,356 | 50,675,427 | 2.94 | 2.90 | 9.4% | 9.3% | Fee | ||||
24 | CREFI | 6655 Wedgwood | 87,470 | 1,145,488 | 2.08 | 1.93 | 12.0% | 11.1% | Fee | ||||
25 | CREFI | Mid Atlantic Storage Portfolio | 27,380 | 983,327 | 2.62 | 2.55 | 10.1% | 9.8% | Fee | ||||
25.01 | CREFI | Storage at Atlas | 14,021 | 511,406 | Fee | ||||||||
25.02 | CREFI | Storage at Mont Mini | 13,360 | 471,921 | Fee | ||||||||
26 | GSMC | 3861 Sepulveda Boulevard | 27,823 | 853,870 | 2.43 | 2.36 | 9.3% | 9.0% | Fee | 14% | |||
27 | GSMC | Pell City Shopping Center | 86,203 | 809,753 | 2.01 | 1.81 | 11.5% | 10.4% | Fee | ||||
28 | GACC | Tesla Service Center of Chicago | 19,020 | 753,247 | 3.04 | 2.97 | 10.7% | 10.4% | Fee | ||||
29 | GSMC | Storage Post – Jefferson, LA | 11,340 | 714,083 | 2.91 | 2.87 | 10.2% | 10.1% | Fee | ||||
30 | GACC | Diversey | 21,752 | 676,094 | 2.17 | 2.11 | 11.3% | 10.9% | Fee | ||||
31 | CREFI | 167 North 6th Street | 4,546 | 428,721 | 1.87 | 1.85 | 7.5% | 7.4% | Fee | ||||
32 | CREFI | 47 Ann | 7,140 | 484,320 | 2.11 | 2.08 | 8.6% | 8.5% | Fee | ||||
33 | GACC | Rosencrans Apartment Homes | 9,061 | 493,365 | 2.52 | 2.48 | 9.8% | 9.6% | Fee | ||||
34 | CREFI | 71 Leonard | 6,025 | 178,938 | 1.97 | 1.90 | 8.0% | 7.8% | Fee |
A-1-14
Annex A-1
UPFRONT ESCROW(21) | |||||||||||
Upfront | Upfront | Upfront | Upfront | Upfront | Upfront | Upfront | Upfront | ||||
Capex | Engin. | Envir. | TI/LC | RE Tax | Ins. | Debt Service | Other | Other Upfront | |||
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description |
1 | GACC | Moffett Place - Building 6 | 0 | 0 | 0 | 2,728,059 | 0 | 0 | 2,496,716 | 12,062,876 | Free Rent Reserve |
2 | JPMCB/CREFI | 120 Wall Street | 0 | 0 | 0 | 3,472,525 | 1,306,557 | 0 | 0 | 1,759,579 | Rent Concession Reserve |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
3.01 | CREFI/GACC | MGM Grand | |||||||||
3.02 | CREFI/GACC | Mandalay Bay | |||||||||
4 | JPMCB | 4 West 58th Street | 0 | 0 | 0 | 7,811,435 | 91,175 | 4,669 | 0 | 5,799,156 | Free Rent/Gap Rent Reserve |
5 | CREFI | Northern Trust Office | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
6 | GACC | Coleman Highline | 0 | 0 | 0 | 0 | 814,077 | 0 | 5,000,000 | 1,871,099 | Unfunded Obligations Reserve |
7 | GACC | Point West Portfolio | 0 | 33,370 | 0 | 1,300,000 | 331,747 | 0 | 0 | 0 | |
7.01 | GACC | 1610 & 1620 Arden Way | |||||||||
7.02 | GACC | 1545 River Park Drive | |||||||||
7.03 | GACC | 1601 Response Road | |||||||||
8 | CREFI | Skywater Technology HQ | 0 | 0 | 0 | 0 | 26,659 | 252,800 | 0 | 0 | |
9 | JPMCB | Agellan Portfolio | 0 | 2,985,266 | 0 | 6,410,963 | 0 | 0 | 0 | 2,172,050 | Working Capital Reserve: 2,000,000; Gap Rent Reserve: 172,050 |
9.01 | JPMCB | Sarasota Distribution Hub | |||||||||
9.02 | JPMCB | Naperville Woods Office Center | |||||||||
9.03 | JPMCB | Southpark Business Park FOP | |||||||||
9.04 | JPMCB | Supervalu | |||||||||
9.05 | JPMCB | Plainfield Business Center IV | |||||||||
9.06 | JPMCB | Beltway III | |||||||||
9.07 | JPMCB | 4405 Continental Dr | |||||||||
9.08 | JPMCB | Beltway IV | |||||||||
9.09 | JPMCB | Sandy Plains Business Park | |||||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | |||||||||
9.11 | JPMCB | Silber Industrial Park | |||||||||
9.12 | JPMCB | Southpark Business Park M | |||||||||
9.13 | JPMCB | West by Northwest Business Blvd | |||||||||
9.14 | JPMCB | Norcross Center | |||||||||
9.15 | JPMCB | Goshen Springs | |||||||||
9.16 | JPMCB | Long Point Center | |||||||||
9.17 | JPMCB | Corridor Park D | |||||||||
9.18 | JPMCB | Southport 1-4 | |||||||||
9.19 | JPMCB | Jameel | |||||||||
9.20 | JPMCB | Beltway II | |||||||||
9.21 | JPMCB | Braker Center 4 | |||||||||
9.22 | JPMCB | Northgreen 1-4 | |||||||||
9.23 | JPMCB | Minimax | |||||||||
9.24 | JPMCB | Southpark Business Park E | |||||||||
9.25 | JPMCB | 9385 Washington Blvd | |||||||||
9.26 | JPMCB | Rothway | |||||||||
9.27 | JPMCB | 2730 Pinnacle | |||||||||
9.28 | JPMCB | Columbus West - Interchange Rd | |||||||||
9.29 | JPMCB | 1346 Oakbrook Drive | |||||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | |||||||||
9.31 | JPMCB | Pine Forest Business Park | |||||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | |||||||||
9.33 | JPMCB | 1351 Oakbrook Drive | |||||||||
9.34 | JPMCB | 1325 Oakbrook Drive | |||||||||
9.35 | JPMCB | 490 Heartland Drive | |||||||||
9.36 | JPMCB | 1265 Oakbrook Drive | |||||||||
9.37 | JPMCB | Columbus West - Business Park | |||||||||
9.38 | JPMCB | 1155 Bowes Road | |||||||||
9.39 | JPMCB | 1280 Oakbrook Drive | |||||||||
9.40 | JPMCB | Cox Business Center | |||||||||
9.41 | JPMCB | 2002 Bloomingdale | |||||||||
9.42 | JPMCB | 333 Charles Court | |||||||||
9.43 | JPMCB | 483 Heartland Drive | |||||||||
9.44 | JPMCB | 1256 Oakbrook Drive | |||||||||
9.45 | JPMCB | 550 Heartland |
A-1-15
Annex A-1
UPFRONT ESCROW(21) | |||||||||||
Upfront | Upfront | Upfront | Upfront | Upfront | Upfront | Upfront | Upfront | ||||
Capex | Engin. | Envir. | TI/LC | RE Tax | Ins. | Debt Service | Other | Other Upfront | |||
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description |
9.46 | JPMCB | Rittiman East Industrial Park #22 | |||||||||
10 | CREFI | 2010 South Lamar | 0 | 0 | 0 | 0 | 525,330 | 30,715 | 0 | 0 | |
11 | GSMC | 333 South Wabash | 0 | 0 | 0 | 8,513,554 | 1,582,185 | 94,591 | 0 | 23,921,811 | Rent Concession Reserve: 23,171,811; 55 E. Jackson Sublease Reserve: 750,000 |
12 | CREFI | Redmond Town Center | 0 | 0 | 0 | 0 | 411,531 | 130,585 | 0 | 2,809,532 | Unfunded Obligations Reserve |
13 | GSMC | Earhart Corporate Center | 0 | 0 | 0 | 0 | 137,357 | 0 | 0 | 1,253,294 | Unfunded Obligations Reserve: 747,325; Rent Reserve: 505,969 |
14 | CREFI | 2665 North First | 0 | 0 | 0 | 1,500,000 | 266,941 | 29,765 | 0 | 0 | |
15 | CREFI | KW Portfolio | 0 | 0 | 0 | 0 | 0 | 4,695 | 0 | 1,224,111 | Unfunded Obligations Reserve: 824,111.45; Free Rent Reserve 400,000 |
15.01 | CREFI | 10054 Old Grove Road | |||||||||
15.02 | CREFI | 2742 Dow Avenue | |||||||||
16 | GSMC | USAA Plano | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,394,240 | Unfunded Obligations Reserve: 9,410,363.95; nThrive Lease Reserve: 3,983,876 |
17 | GSMC | The Hub | 0 | 11,300 | 0 | 0 | 0 | 0 | 0 | 0 | |
18 | JPMCB | Troy Technology Park | 7,087 | 32,125 | 0 | 3,500,000 | 266,641 | 24,762 | 0 | 0 | |
19 | GSMC | Amazon Industrial Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
19.01 | GSMC | 12900 Pecan Park Road | |||||||||
19.02 | GSMC | 6925 Riverview Avenue | |||||||||
20 | GSMC | Westlake Center | 0 | 0 | 0 | 0 | 233,839 | 0 | 600,000 | 6,242,574 | Building Improvements Reserve: 3,176,096.80; Rent Reserve: 1,820,576.80; Unfunded Obligations Reserve: 1,245,900 |
21 | GACC | Home Ranch Health Center | 0 | 43,463 | 0 | 45,650 | 51,277 | 0 | 386,261 | 2,105,576 | Economic Holdback Reserve: 2,070,000; Rent Replication Reserve: 35,576 |
22 | CREFI | Keylock Storage Portfolio | 0 | 15,500 | 0 | 0 | 69,240 | 12,047 | 0 | 1,263 | Ground Rent Reserve |
22.01 | CREFI | Mead | |||||||||
22.02 | CREFI | Franklin | |||||||||
22.03 | CREFI | Boise | |||||||||
22.04 | CREFI | Fruitland | |||||||||
22.05 | CREFI | Pendleton | |||||||||
23 | GSMC | 711 Fifth Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,048,024 | TCO Renewal Reserve: 2,000,000; Unfunded Obligations Reserve: 1,048,024.18 |
24 | CREFI | 6655 Wedgwood | 75,000 | 11,875 | 0 | 400,000 | 29,074 | 2,254 | 0 | 61,274 | Free Rent Reserve |
25 | CREFI | Mid Atlantic Storage Portfolio | 0 | 0 | 0 | 0 | 15,326 | 0 | 0 | 0 | |
25.01 | CREFI | Storage at Atlas | |||||||||
25.02 | CREFI | Storage at Mont Mini | |||||||||
26 | GSMC | 3861 Sepulveda Boulevard | 0 | 0 | 0 | 0 | 19,676 | 5,972 | 0 | 0 | |
27 | GSMC | Pell City Shopping Center | 0 | 6,930 | 0 | 0 | 10,917 | 0 | 0 | 0 | |
28 | GACC | Tesla Service Center of Chicago | 0 | 0 | 0 | 0 | 71,657 | 0 | 126,873 | 0 | |
29 | GSMC | Storage Post – Jefferson, LA | 0 | 7,700 | 0 | 0 | 26,243 | 17,793 | 96,000 | 0 | |
30 | GACC | Diversey | 0 | 0 | 0 | 0 | 0 | 0 | 98,885 | 150,000 | Deductible Reserve |
31 | CREFI | 167 North 6th Street | 0 | 0 | 0 | 0 | 16,744 | 0 | 0 | 0 | |
32 | CREFI | 47 Ann | 0 | 15,468 | 0 | 0 | 104,209 | 0 | 114,855 | 212,426 | American Foliage Reserve |
33 | GACC | Rosencrans Apartment Homes | 0 | 0 | 0 | 0 | 45,752 | 1,351 | 99,575 | 0 | |
34 | CREFI | 71 Leonard | 0 | 5,808 | 0 | 0 | 48,684 | 0 | 46,345 | 0 |
A-1-16
Annex A-1
MONTHLY ESCROW(22) | |||||||||
Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | Other Monthly | |||
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description |
1 | GACC | Moffett Place - Building 6 | Springing | 0 | 0 | 85,000 | Springing | Springing | Lease Sweep Reserve |
2 | JPMCB/CREFI | 120 Wall Street | Springing | 0 | 111,379 | 326,640 | Springing | 0 | |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | Springing | 0 | 0 | Springing | Springing | 0 | |
3.01 | CREFI/GACC | MGM Grand | |||||||
3.02 | CREFI/GACC | Mandalay Bay | |||||||
4 | JPMCB | 4 West 58th Street | 1,392 | 0 | 13,932 | 91,175 | 4,669 | 0 | |
5 | CREFI | Northern Trust Office | Springing | 0 | Springing | Springing | Springing | 0 | |
6 | GACC | Coleman Highline | Springing | 0 | Springing | 203,519 | Springing | 0 | |
7 | GACC | Point West Portfolio | 5,870 | 0 | 58,705 | 47,392 | Springing | 0 | |
7.01 | GACC | 1610 & 1620 Arden Way | |||||||
7.02 | GACC | 1545 River Park Drive | |||||||
7.03 | GACC | 1601 Response Road | |||||||
8 | CREFI | Skywater Technology HQ | 6,563 | 0 | 17,784 | 26,659 | Springing | 0 | |
9 | JPMCB | Agellan Portfolio | 101,570 | 0 | 431,671 | Springing | Springing | Springing | Common Charges Reserve |
9.01 | JPMCB | Sarasota Distribution Hub | |||||||
9.02 | JPMCB | Naperville Woods Office Center | |||||||
9.03 | JPMCB | Southpark Business Park FOP | |||||||
9.04 | JPMCB | Supervalu | |||||||
9.05 | JPMCB | Plainfield Business Center IV | |||||||
9.06 | JPMCB | Beltway III | |||||||
9.07 | JPMCB | 4405 Continental Dr | |||||||
9.08 | JPMCB | Beltway IV | |||||||
9.09 | JPMCB | Sandy Plains Business Park | |||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | |||||||
9.11 | JPMCB | Silber Industrial Park | |||||||
9.12 | JPMCB | Southpark Business Park M | |||||||
9.13 | JPMCB | West by Northwest Business Blvd | |||||||
9.14 | JPMCB | Norcross Center | |||||||
9.15 | JPMCB | Goshen Springs | |||||||
9.16 | JPMCB | Long Point Center | |||||||
9.17 | JPMCB | Corridor Park D | |||||||
9.18 | JPMCB | Southport 1-4 | |||||||
9.19 | JPMCB | Jameel | |||||||
9.20 | JPMCB | Beltway II | |||||||
9.21 | JPMCB | Braker Center 4 | |||||||
9.22 | JPMCB | Northgreen 1-4 | |||||||
9.23 | JPMCB | Minimax | |||||||
9.24 | JPMCB | Southpark Business Park E | |||||||
9.25 | JPMCB | 9385 Washington Blvd | |||||||
9.26 | JPMCB | Rothway | |||||||
9.27 | JPMCB | 2730 Pinnacle | |||||||
9.28 | JPMCB | Columbus West - Interchange Rd | |||||||
9.29 | JPMCB | 1346 Oakbrook Drive | |||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | |||||||
9.31 | JPMCB | Pine Forest Business Park | |||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | |||||||
9.33 | JPMCB | 1351 Oakbrook Drive | |||||||
9.34 | JPMCB | 1325 Oakbrook Drive | |||||||
9.35 | JPMCB | 490 Heartland Drive | |||||||
9.36 | JPMCB | 1265 Oakbrook Drive | |||||||
9.37 | JPMCB | Columbus West - Business Park | |||||||
9.38 | JPMCB | 1155 Bowes Road | |||||||
9.39 | JPMCB | 1280 Oakbrook Drive | |||||||
9.40 | JPMCB | Cox Business Center | |||||||
9.41 | JPMCB | 2002 Bloomingdale | |||||||
9.42 | JPMCB | 333 Charles Court | |||||||
9.43 | JPMCB | 483 Heartland Drive | |||||||
9.44 | JPMCB | 1256 Oakbrook Drive | |||||||
9.45 | JPMCB | 550 Heartland |
A-1-17
Annex A-1
MONTHLY ESCROW(22) | |||||||||
Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | Other Monthly | |||
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description |
9.46 | JPMCB | Rittiman East Industrial Park #22 | |||||||
10 | CREFI | 2010 South Lamar | 1,334 | 0 | 0 | 47,757 | 3,072 | 0 | |
11 | GSMC | 333 South Wabash | 0 | 0 | 0 | 527,395 | 47,296 | Springing | Cash Collateral Reserve |
12 | CREFI | Redmond Town Center | 4,830 | 0 | 53,090 | 68,589 | 10,045 | 0 | |
13 | GSMC | Earhart Corporate Center | 3,384 | 0 | 20,833 | 68,678 | Springing | 0 | |
14 | CREFI | 2665 North First | 2,179 | 0 | 16,340 | 44,490 | 3,721 | Springing | OneLin CREM Rent Reserve |
15 | CREFI | KW Portfolio | Springing | 0 | 0 | Springing | 2,347 | 0 | |
15.01 | CREFI | 10054 Old Grove Road | |||||||
15.02 | CREFI | 2742 Dow Avenue | |||||||
16 | GSMC | USAA Plano | Springing | 0 | Springing | Springing | Springing | 0 | |
17 | GSMC | The Hub | Springing | 0 | 43,034 | Springing | Springing | Springing | Leasing Reserve |
18 | JPMCB | Troy Technology Park | 7,087 | 0 | 35,433 | 53,328 | 8,254 | 0 | |
19 | GSMC | Amazon Industrial Portfolio | Springing | 0 | Springing | Springing | Springing | 0 | |
19.01 | GSMC | 12900 Pecan Park Road | |||||||
19.02 | GSMC | 6925 Riverview Avenue | |||||||
20 | GSMC | Westlake Center | 2,157 | 0 | 0 | 29,230 | Springing | Springing | Critical Tenant Reserve |
21 | GACC | Home Ranch Health Center | 910 | 0 | 5,053 | 17,092 | Springing | 0 | |
22 | CREFI | Keylock Storage Portfolio | 3,809 | 0 | 0 | 17,310 | 1,506 | 0 | |
22.01 | CREFI | Mead | |||||||
22.02 | CREFI | Franklin | |||||||
22.03 | CREFI | Boise | |||||||
22.04 | CREFI | Fruitland | |||||||
22.05 | CREFI | Pendleton | |||||||
23 | GSMC | 711 Fifth Avenue | Springing | 0 | Springing | Springing | Springing | Springing | Downgraded Tenant Reserve |
24 | CREFI | 6655 Wedgwood | 2,271 | 0 | 14,966 | 29,074 | 1,127 | 0 | |
25 | CREFI | Mid Atlantic Storage Portfolio | 2,282 | 0 | 0 | 15,326 | Springing | 0 | |
25.01 | CREFI | Storage at Atlas | |||||||
25.02 | CREFI | Storage at Mont Mini | |||||||
26 | GSMC | 3861 Sepulveda Boulevard | 403 | 0 | 0 | 2,811 | 664 | 0 | |
27 | GSMC | Pell City Shopping Center | 1,990 | 0 | 6,634 | 5,459 | Springing | 0 | |
28 | GACC | Tesla Service Center of Chicago | 264 | 0 | 2,642 | 20,774 | Springing | 0 | |
29 | GSMC | Storage Post – Jefferson, LA | 945 | 0 | 0 | 2,386 | 2,966 | 0 | |
30 | GACC | Diversey | Springing | 0 | Springing | Springing | Springing | 0 | |
31 | CREFI | 167 North 6th Street | 379 | 0 | 0 | 3,349 | Springing | 0 | |
32 | CREFI | 47 Ann | 295 | 0 | 0 | 20,842 | Springing | 0 | |
33 | GACC | Rosencrans Apartment Homes | 854 | 0 | 0 | 3,813 | 676 | 0 | |
34 | CREFI | 71 Leonard | 210 | 0 | 0 | 9,737 | Springing | 0 |
A-1-18
Annex A-1
RESERVE CAPS(23) | |||||||||
CapEx | Envir. | TI/LC | RE Tax | Insur. | Debt Service | Other | |||
Loan # | Seller(1) | Property Name | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) |
1 | GACC | Moffett Place - Building 6 | |||||||
2 | JPMCB/CREFI | 120 Wall Street | 501,207 | 4,009,656 | |||||
3 | CREFI/GACC | MGM Grand & Mandalay Bay | |||||||
3.01 | CREFI/GACC | MGM Grand | |||||||
3.02 | CREFI/GACC | Mandalay Bay | |||||||
4 | JPMCB | 4 West 58th Street | 33,408 | 835,920 | |||||
5 | CREFI | Northern Trust Office | |||||||
6 | GACC | Coleman Highline | |||||||
7 | GACC | Point West Portfolio | 140,891 | 2,250,000 | |||||
7.01 | GACC | 1610 & 1620 Arden Way | |||||||
7.02 | GACC | 1545 River Park Drive | |||||||
7.03 | GACC | 1601 Response Road | |||||||
8 | CREFI | Skywater Technology HQ | 393,765 | ||||||
9 | JPMCB | Agellan Portfolio | 3,656,506 | 15,540,151 | |||||
9.01 | JPMCB | Sarasota Distribution Hub | |||||||
9.02 | JPMCB | Naperville Woods Office Center | |||||||
9.03 | JPMCB | Southpark Business Park FOP | |||||||
9.04 | JPMCB | Supervalu | |||||||
9.05 | JPMCB | Plainfield Business Center IV | |||||||
9.06 | JPMCB | Beltway III | |||||||
9.07 | JPMCB | 4405 Continental Dr | |||||||
9.08 | JPMCB | Beltway IV | |||||||
9.09 | JPMCB | Sandy Plains Business Park | |||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | |||||||
9.11 | JPMCB | Silber Industrial Park | |||||||
9.12 | JPMCB | Southpark Business Park M | |||||||
9.13 | JPMCB | West by Northwest Business Blvd | |||||||
9.14 | JPMCB | Norcross Center | |||||||
9.15 | JPMCB | Goshen Springs | |||||||
9.16 | JPMCB | Long Point Center | |||||||
9.17 | JPMCB | Corridor Park D | |||||||
9.18 | JPMCB | Southport 1-4 | |||||||
9.19 | JPMCB | Jameel | |||||||
9.20 | JPMCB | Beltway II | |||||||
9.21 | JPMCB | Braker Center 4 | |||||||
9.22 | JPMCB | Northgreen 1-4 | |||||||
9.23 | JPMCB | Minimax | |||||||
9.24 | JPMCB | Southpark Business Park E | |||||||
9.25 | JPMCB | 9385 Washington Blvd | |||||||
9.26 | JPMCB | Rothway | |||||||
9.27 | JPMCB | 2730 Pinnacle | |||||||
9.28 | JPMCB | Columbus West - Interchange Rd | |||||||
9.29 | JPMCB | 1346 Oakbrook Drive | |||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | |||||||
9.31 | JPMCB | Pine Forest Business Park | |||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | |||||||
9.33 | JPMCB | 1351 Oakbrook Drive | |||||||
9.34 | JPMCB | 1325 Oakbrook Drive | |||||||
9.35 | JPMCB | 490 Heartland Drive | |||||||
9.36 | JPMCB | 1265 Oakbrook Drive | |||||||
9.37 | JPMCB | Columbus West - Business Park | |||||||
9.38 | JPMCB | 1155 Bowes Road | |||||||
9.39 | JPMCB | 1280 Oakbrook Drive | |||||||
9.40 | JPMCB | Cox Business Center | |||||||
9.41 | JPMCB | 2002 Bloomingdale | |||||||
9.42 | JPMCB | 333 Charles Court | |||||||
9.43 | JPMCB | 483 Heartland Drive | |||||||
9.44 | JPMCB | 1256 Oakbrook Drive | |||||||
9.45 | JPMCB | 550 Heartland |
A-1-19
Annex A-1
RESERVE CAPS(23) | |||||||||
CapEx | Envir. | TI/LC | RE Tax | Insur. | Debt Service | Other | |||
Loan # | Seller(1) | Property Name | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) |
9.46 | JPMCB | Rittiman East Industrial Park #22 | |||||||
10 | CREFI | 2010 South Lamar | |||||||
11 | GSMC | 333 South Wabash | 3,000,000 | ||||||
12 | CREFI | Redmond Town Center | 2,750,000 | ||||||
13 | GSMC | Earhart Corporate Center | 160,000 | 1,000,000 | |||||
14 | CREFI | 2665 North First | 130,740 | 1,000,000 | 1,052,268 | ||||
15 | CREFI | KW Portfolio | 250,000 | ||||||
15.01 | CREFI | 10054 Old Grove Road | |||||||
15.02 | CREFI | 2742 Dow Avenue | |||||||
16 | GSMC | USAA Plano | |||||||
17 | GSMC | The Hub | 2,065,620 | ||||||
18 | JPMCB | Troy Technology Park | 1,275,576 | ||||||
19 | GSMC | Amazon Industrial Portfolio | |||||||
19.01 | GSMC | 12900 Pecan Park Road | |||||||
19.02 | GSMC | 6925 Riverview Avenue | |||||||
20 | GSMC | Westlake Center | 4,404,720 | ||||||
21 | GACC | Home Ranch Health Center | 303,195 | ||||||
22 | CREFI | Keylock Storage Portfolio | |||||||
22.01 | CREFI | Mead | |||||||
22.02 | CREFI | Franklin | |||||||
22.03 | CREFI | Boise | |||||||
22.04 | CREFI | Fruitland | |||||||
22.05 | CREFI | Pendleton | |||||||
23 | GSMC | 711 Fifth Avenue | 170,012 | 1,020,072 | |||||
24 | CREFI | 6655 Wedgwood | 897,940 | ||||||
25 | CREFI | Mid Atlantic Storage Portfolio | |||||||
25.01 | CREFI | Storage at Atlas | |||||||
25.02 | CREFI | Storage at Mont Mini | |||||||
26 | GSMC | 3861 Sepulveda Boulevard | 24,194 | ||||||
27 | GSMC | Pell City Shopping Center | 119,404 | 398,013 | |||||
28 | GACC | Tesla Service Center of Chicago | 9,510 | 158,500 | |||||
29 | GSMC | Storage Post – Jefferson, LA | |||||||
30 | GACC | Diversey | 43,504 | 77,155 | |||||
31 | CREFI | 167 North 6th Street | |||||||
32 | CREFI | 47 Ann | |||||||
33 | GACC | Rosencrans Apartment Homes | |||||||
34 | CREFI | 71 Leonard |
A-1-20
Annex A-1
LARGEST TENANT (4), (24), (25), (26) | 2nd LARGEST TENANT (4), (24), (25), (26) | |||||||||
Single | Lease | Lease | ||||||||
Loan # | Seller(1) | Property Name | Tenant | Largest Tenant | Unit Size | Expiration | 2nd Largest Tenant | Unit Size | Expiration | |
1 | GACC | Moffett Place - Building 6 | Yes | 314,352 | 01/31/29 | |||||
2 | JPMCB/CREFI | 120 Wall Street | No | Droga5, LLC | 202,396 | 09/30/29 | Success Academy Charter School | 54,658 | 06/30/29 | |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | No | |||||||
3.01 | CREFI/GACC | MGM Grand | No | |||||||
3.02 | CREFI/GACC | Mandalay Bay | No | |||||||
4 | JPMCB | 4 West 58th Street | No | The Neiman Marcus Group LLC. | 40,170 | 02/28/33 | Netflix Inc. | 10,651 | 12/31/30 | |
5 | CREFI | Northern Trust Office | Yes | Northern Trust Corporation | 149,371 | 03/31/32 | ||||
6 | GACC | Coleman Highline | Yes | Roku, Inc. | 380,951 | 09/30/30 | ||||
7 | GACC | Point West Portfolio | No | |||||||
7.01 | GACC | 1610 & 1620 Arden Way | No | Social Security Administration | 26,966 | 01/02/26 | UBS Financial Services | 15,074 | 08/31/23 | |
7.02 | GACC | 1545 River Park Drive | No | Clear Channel Broadcasting | 16,792 | 04/30/23 | Umpqua Bank | 10,179 | 04/30/23 | |
7.03 | GACC | 1601 Response Road | No | CA Health Benefit Exchange | 15,533 | 04/30/26 | Insurance Company of the West | 14,335 | 03/31/23 | |
8 | CREFI | Skywater Technology HQ | Yes | Skywater Technology Foundry, Inc. | 393,765 | 08/31/40 | ||||
9 | JPMCB | Agellan Portfolio | Various | |||||||
9.01 | JPMCB | Sarasota Distribution Hub | No | United Natural Foods, Inc. | 463,172 | 07/31/22 | Beall’s, Inc. | 200,000 | 09/30/21 | |
9.02 | JPMCB | Naperville Woods Office Center | No | Health Care Service Corp. | 177,114 | 11/30/25 | ALDI, Inc. | 137,986 | 12/31/28 | |
9.03 | JPMCB | Southpark Business Park FOP | No | Life Technologies Corporation | 103,645 | 06/30/25 | Asuragen | 69,638 | 08/31/23 | |
9.04 | JPMCB | Supervalu | Yes | Moran Foods LLC | 253,800 | 09/30/25 | ||||
9.05 | JPMCB | Plainfield Business Center IV | No | Ceva Freight LLC | 333,397 | 08/31/22 | Burlington Mattress Co. LLC | 100,957 | 12/31/22 | |
9.06 | JPMCB | Beltway III | No | Disa Global Solutions, Inc. | 34,919 | 08/31/27 | Community Health Choice, Inc. | 32,884 | 11/30/23 | |
9.07 | JPMCB | 4405 Continental Dr | Yes | General Motors LLC | 400,000 | 08/31/21 | ||||
9.08 | JPMCB | Beltway IV | No | Allstate Insurance Co. | 75,623 | 05/31/24 | Walgreens Co. | 19,982 | 09/06/22 | |
9.09 | JPMCB | Sandy Plains Business Park | No | Softtouch Medical LLC | 22,624 | 04/30/21 | Dish Network Service LLC | 19,848 | 01/31/25 | |
9.10 | JPMCB | Coliseum Distribution Center #1 | Yes | VTech Communications, Inc. | 208,000 | 07/31/22 | ||||
9.11 | JPMCB | Silber Industrial Park | No | RedCo Distribution, LLC. | 53,663 | 05/31/24 | Veritrust Corporation | 41,937 | 04/30/23 | |
9.12 | JPMCB | Southpark Business Park M | No | Ideal Power, Inc. | 14,782 | 05/31/21 | Kennedy Creative Company | 14,361 | 01/31/22 | |
9.13 | JPMCB | West by Northwest Business Blvd | No | AV8 MRO, LLC | 28,933 | 12/31/26 | Compudata Products, Inc. | 18,790 | 01/31/23 | |
9.14 | JPMCB | Norcross Center | No | MDI Creative Inc | 19,848 | 05/31/21 | Heritage Food Srvc | 19,178 | 07/31/22 | |
9.15 | JPMCB | Goshen Springs | No | Masada Bakery Inc | 49,928 | 02/28/24 | Olympic Printing | 19,740 | 11/30/24 | |
9.16 | JPMCB | Long Point Center | No | IT Remarketing, Inc. | 47,700 | 12/31/20 | Stage 3 Separation, LLC | 39,830 | 11/30/20 | |
9.17 | JPMCB | Corridor Park D | Yes | The Jewelry Channel, Inc. | 56,100 | 06/30/24 | ||||
9.18 | JPMCB | Southport 1-4 | No | Physicians Dialysis / DaVita | 20,137 | 03/31/24 | EPMA / Johnstone Supply | 14,268 | MTM | |
9.19 | JPMCB | Jameel | No | Audio Fidelity Communications | 21,531 | 12/31/20 | Otis Elevator Company | 12,958 | 07/31/22 | |
9.20 | JPMCB | Beltway II | No | Principal Management Group | 13,402 | 03/31/23 | ||||
9.21 | JPMCB | Braker Center 4 | No | Motorola Solutions Inc | 7,003 | 01/31/23 | Guardian Protection Services, Inc. | 5,390 | 10/31/23 | |
9.22 | JPMCB | Northgreen 1-4 | No | Envir. Sampling Supply, Inc. | 10,414 | 02/28/21 | Telecom Technicians, Inc. | 8,846 | 10/31/20 | |
9.23 | JPMCB | Minimax | No | AmericanStar Mattress LLC | 39,430 | 04/30/21 | Ole Mexican Foods | 22,600 | 09/30/24 | |
9.24 | JPMCB | Southpark Business Park E | Yes | Harmony Public Schools | 49,966 | 08/31/21 | ||||
9.25 | JPMCB | 9385 Washington Blvd | No | Sell Your Car Here LLC | 10,800 | 08/31/21 | Granix, LLC | 10,800 | 09/30/22 | |
9.26 | JPMCB | Rothway | No | TestAmerica Laboratories, Inc. | 29,230 | 02/28/21 | Jotron USA, Inc. | 3,848 | 02/28/27 | |
9.27 | JPMCB | 2730 Pinnacle | Yes | Fox Valley Fire & Safety Co | 44,990 | 08/31/28 | ||||
9.28 | JPMCB | Columbus West - Interchange Rd | No | Essilor of America | 16,000 | 09/30/21 | New Aqua LLC | 14,400 | 03/31/21 | |
9.29 | JPMCB | 1346 Oakbrook Drive | No | Guardian of Georgia | 30,530 | 08/31/21 | Ezwhelp, Inc. | 12,764 | 05/31/23 | |
9.30 | JPMCB | 1230-1236 Hardt Circle | No | Dener | 15,060 | 05/31/23 | S&S Inspection | 15,060 | 10/31/25 | |
9.31 | JPMCB | Pine Forest Business Park | No | Alarmax Distributors, Inc. | 14,759 | 08/31/26 | Camp Wampum, Ltd. | 10,000 | 10/31/20 | |
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | No | Tri-Rep Sales, Inc. | 8,200 | 06/30/21 | Fleetwash Inc. | 7,200 | 12/31/24 | |
9.33 | JPMCB | 1351 Oakbrook Drive | No | M Southern Design Concept | 5,439 | 04/30/24 | TNC Atlanta, LLC | 4,587 | 07/31/24 | |
9.34 | JPMCB | 1325 Oakbrook Drive | No | Minton-Jones Company | 16,640 | 01/31/22 | Vanguard Commercial Flooring, LLC | 13,432 | 12/31/24 | |
9.35 | JPMCB | 490 Heartland Drive | Yes | McNeilus Financial, Inc | 39,520 | 12/31/21 | ||||
9.36 | JPMCB | 1265 Oakbrook Drive | No | Carnett’s Management Company | 26,200 | 02/28/23 | Sigma Foods, Inc | 15,000 | 10/31/22 | |
9.37 | JPMCB | Columbus West - Business Park | Yes | |||||||
9.38 | JPMCB | 1155 Bowes Road | Yes | |||||||
9.39 | JPMCB | 1280 Oakbrook Drive | Yes | Southern Company Svcs | 46,400 | 12/31/20 | ||||
9.40 | JPMCB | Cox Business Center | No | Intragenix, LLC | 27,040 | 04/30/24 | TempFlex Industrial Solutions, LLC | 10,000 | 01/31/23 | |
9.41 | JPMCB | 2002 Bloomingdale | No | Service247 of Illinois, Inc. | 16,596 | 07/31/25 | Arena Event Services, Inc. | 15,323 | 09/30/21 | |
9.42 | JPMCB | 333 Charles Court | No | Tacony Corporation | 22,350 | 10/31/21 | Motion Industries, Inc. | 7,450 | MTM | |
9.43 | JPMCB | 483 Heartland Drive | No | Tek Panel, Inc | 12,625 | 02/28/21 | International Valve Manufacturing, LLC | 11,032 | 12/31/22 | |
9.44 | JPMCB | 1256 Oakbrook Drive | No | Hi-Tech Pharmaceuticals, Inc | 15,162 | 11/30/20 | Crossville, Inc | 10,126 | 09/30/23 | |
9.45 | JPMCB | 550 Heartland | Yes | Deep Coat, LLC | 30,328 | 12/31/20 |
A-1-21
Annex A-1
LARGEST TENANT (4), (24), (25), (26) | 2nd LARGEST TENANT (4), (24), (25), (26) | |||||||||
Single | Lease | Lease | ||||||||
Loan # | Seller(1) | Property Name | Tenant | Largest Tenant | Unit Size | Expiration | 2nd Largest Tenant | Unit Size | Expiration | |
9.46 | JPMCB | Rittiman East Industrial Park #22 | No | HEB Grocery Company, LP | 16,226 | 11/30/21 | Peter Pan Novelty Co. Inc. | 11,800 | MTM | |
10 | CREFI | 2010 South Lamar | Yes | Juul Labs Inc. | 80,067 | 03/01/30 | ||||
11 | GSMC | 333 South Wabash | No | The Northern Trust Company | 547,719 | 08/31/35 | Chicago Housing Authority | 222,141 | 12/31/37 | |
12 | CREFI | Redmond Town Center | No | iPic Theaters | 38,858 | 09/30/25 | Guitar Center | 15,393 | 05/31/25 | |
13 | GSMC | Earhart Corporate Center | No | XPO Logistics Freight, Inc. | 138,438 | 06/30/30 | Home Point Financial | 33,309 | 06/30/29 | |
14 | CREFI | 2665 North First | No | State of CA, DGS | 31,849 | 08/31/25 | OneSpace | 25,417 | 09/30/33 | |
15 | CREFI | KW Portfolio | Yes | |||||||
15.01 | CREFI | 10054 Old Grove Road | Yes | Manscaped, Inc. | 85,824 | 11/30/27 | ||||
15.02 | CREFI | 2742 Dow Avenue | Yes | Memorial Health Services | 51,588 | 12/31/29 | ||||
16 | GSMC | USAA Plano | Yes | USAA | 230,621 | 07/31/31 | ||||
17 | GSMC | The Hub | No | NYC Department of Finance | 75,601 | 11/04/27 | Forman Mills | 42,573 | 08/31/22 | |
18 | JPMCB | Troy Technology Park | No | Magna Powertrain of America, Inc. | 97,389 | 08/31/22 | Raytheon Company | 59,472 | 06/30/22 | |
19 | GSMC | Amazon Industrial Portfolio | Yes | |||||||
19.01 | GSMC | 12900 Pecan Park Road | Yes | Amazon | 856,605 | 07/31/32 | ||||
19.02 | GSMC | 6925 Riverview Avenue | Yes | Amazon | 856,605 | 07/31/32 | ||||
20 | GSMC | Westlake Center | No | Westlake Management Services, Inc | 110,118 | 12/31/32 | Rymer, Moore, Jackson & Echols | 9,896 | 01/31/24 | |
21 | GACC | Home Ranch Health Center | No | UCI Medical | 17,606 | 02/01/29 | Kiddie Academy | 11,292 | 05/30/35 | |
22 | CREFI | Keylock Storage Portfolio | No | |||||||
22.01 | CREFI | Mead | No | |||||||
22.02 | CREFI | Franklin | No | |||||||
22.03 | CREFI | Boise | No | |||||||
22.04 | CREFI | Fruitland | No | |||||||
22.05 | CREFI | Pendleton | No | |||||||
23 | GSMC | 711 Fifth Avenue | No | SunTrust Banks | 84,516 | 04/30/24 | Allen & Company | 70,972 | 09/30/33 | |
24 | CREFI | 6655 Wedgwood | No | Philips/Spectranetics | 35,807 | 08/31/25 | 4C Medical Technologies | 28,120 | 10/31/25 | |
25 | CREFI | Mid Atlantic Storage Portfolio | No | |||||||
25.01 | CREFI | Storage at Atlas | No | |||||||
25.02 | CREFI | Storage at Mont Mini | No | |||||||
26 | GSMC | 3861 Sepulveda Boulevard | Yes | Westside Family Health Center | 24,194 | 03/31/39 | ||||
27 | GSMC | Pell City Shopping Center | No | Martin’s Family Clothing | 40,000 | 12/31/27 | Fresh Value | 35,000 | 11/17/23 | |
28 | GACC | Tesla Service Center of Chicago | Yes | Tesla, Inc. | 31,700 | 04/30/29 | ||||
29 | GSMC | Storage Post – Jefferson, LA | No | |||||||
30 | GACC | Diversey | Yes | Diversey | 145,014 | 03/31/35 | ||||
31 | CREFI | 167 North 6th Street | No | |||||||
32 | CREFI | 47 Ann | No | American Foliage | 3,600 | 03/31/24 | ||||
33 | GACC | Rosencrans Apartment Homes | No | |||||||
34 | CREFI | 71 Leonard | No | Architectural Engineering | 3,500 | 01/31/22 |
A-1-22
Annex A-1
3rd LARGEST TENANT (4), (24), (25), (26) | 4th LARGEST TENANT (4), (24), (25), (26) | ||||||||
Lease | Lease | ||||||||
Loan # | Seller(1) | Property Name | 3rd Largest Tenant | Unit Size | Expiration | 4th Largest Tenant | Unit Size | Expiration | |
1 | GACC | Moffett Place - Building 6 | |||||||
2 | JPMCB/CREFI | 120 Wall Street | AFS-USA, Inc. | 40,029 | 06/30/29 | Foundation for AIDS Research | 30,822 | 08/31/27 | |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | |||||||
3.01 | CREFI/GACC | MGM Grand | |||||||
3.02 | CREFI/GACC | Mandalay Bay | |||||||
4 | JPMCB | 4 West 58th Street | J2 Enterprises LTD. | 6,121 | 07/31/28 | Northwell Health | 5,174 | 05/31/30 | |
5 | CREFI | Northern Trust Office | |||||||
6 | GACC | Coleman Highline | |||||||
7 | GACC | Point West Portfolio | |||||||
7.01 | GACC | 1610 & 1620 Arden Way | Covered California | 10,796 | 04/30/23 | Res Systems 3 | 10,258 | 07/30/26 | |
7.02 | GACC | 1545 River Park Drive | American Cancer Society | 8,978 | 09/30/21 | TY Lin International | 7,681 | 06/30/23 | |
7.03 | GACC | 1601 Response Road | Valassis Sales & Marketing | 8,580 | 08/31/21 | DGS Speech Pathology | 5,235 | 01/31/29 | |
8 | CREFI | Skywater Technology HQ | |||||||
9 | JPMCB | Agellan Portfolio | |||||||
9.01 | JPMCB | Sarasota Distribution Hub | Access USA | 163,277 | 09/30/24 | Albert’s Organics | 80,000 | 02/28/25 | |
9.02 | JPMCB | Naperville Woods Office Center | U.S. Bank | 33,936 | 07/31/27 | IMEG Corp | 32,205 | 05/31/25 | |
9.03 | JPMCB | Southpark Business Park FOP | Genotox Laboratories, Ltd. | 13,792 | 09/30/25 | ||||
9.04 | JPMCB | Supervalu | |||||||
9.05 | JPMCB | Plainfield Business Center IV | |||||||
9.06 | JPMCB | Beltway III | Convergent Outsourcing, Inc. | 31,709 | 11/30/27 | BBVA Compass Bank | 31,054 | 07/31/22 | |
9.07 | JPMCB | 4405 Continental Dr | |||||||
9.08 | JPMCB | Beltway IV | |||||||
9.09 | JPMCB | Sandy Plains Business Park | Kone, Inc | 15,384 | 12/31/24 | Absolute Printing | 13,928 | 10/31/20 | |
9.10 | JPMCB | Coliseum Distribution Center #1 | |||||||
9.11 | JPMCB | Silber Industrial Park | Schindler Elevator Corporation | 23,885 | 12/31/22 | Pilkington North America, Inc. | 16,127 | 05/31/21 | |
9.12 | JPMCB | Southpark Business Park M | DunAn Microstaq, Inc. | 12,062 | 10/31/23 | Macquarie Holdings (USA) Inc. | 9,761 | 01/31/23 | |
9.13 | JPMCB | West by Northwest Business Blvd | Camfil USA, Inc. | 15,050 | 10/31/24 | TTTE dba Craters & Freighters | 14,165 | 12/31/22 | |
9.14 | JPMCB | Norcross Center | Marelli USA, Inc. | 18,775 | 07/31/22 | Systel | 17,884 | 10/31/20 | |
9.15 | JPMCB | Goshen Springs | Advanced Home Care Inc | 19,478 | 01/31/25 | Blanke Corporation | 13,126 | 12/31/22 | |
9.16 | JPMCB | Long Point Center | Faber CNK Stone Corp. | 34,382 | 09/30/22 | Hugh M Cunningham, Inc. | 18,000 | 01/31/23 | |
9.17 | JPMCB | Corridor Park D | |||||||
9.18 | JPMCB | Southport 1-4 | Industrial Equipment Company | 11,750 | 01/31/24 | C Bond Systems, LLC | 8,385 | 05/31/21 | |
9.19 | JPMCB | Jameel | Indeco Sales, Inc. | 10,267 | 07/31/23 | Tubbesing Solutions, LLC | 7,491 | 04/30/22 | |
9.20 | JPMCB | Beltway II | |||||||
9.21 | JPMCB | Braker Center 4 | Evermore Systems, Inc. | 4,500 | 10/31/20 | Fastenal Company | 4,490 | 01/31/21 | |
9.22 | JPMCB | Northgreen 1-4 | Viridis Energy (Texas), LP | 8,400 | 12/31/20 | CLMS Mgmt. Svcs. Ltd Partner. | 8,040 | 07/31/23 | |
9.23 | JPMCB | Minimax | Mogen Industrial (USA), Inc. | 17,500 | 11/30/20 | Pronto Vending, Ltd. | 17,134 | 06/30/21 | |
9.24 | JPMCB | Southpark Business Park E | |||||||
9.25 | JPMCB | 9385 Washington Blvd | Facema | 9,000 | 06/30/24 | Revamped, LLC | 9,000 | 04/30/24 | |
9.26 | JPMCB | Rothway | |||||||
9.27 | JPMCB | 2730 Pinnacle | |||||||
9.28 | JPMCB | Columbus West - Interchange Rd | King Bee Delivery | 9,600 | 03/31/21 | Ocean Providence Columbus LLC | 9,500 | 09/30/23 | |
9.29 | JPMCB | 1346 Oakbrook Drive | PWI Partners Inc | 10,400 | 09/30/21 | Capital City Electrical | 7,750 | 09/30/23 | |
9.30 | JPMCB | 1230-1236 Hardt Circle | TMC Supply Center Inc. | 15,020 | 01/31/21 | ||||
9.31 | JPMCB | Pine Forest Business Park | |||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | Kenneth Stanley d/b/a Colors Unlimited | 7,128 | 07/31/24 | Rbex, Inc. | 5,550 | 08/31/22 | |
9.33 | JPMCB | 1351 Oakbrook Drive | TLLW, Inc | 2,700 | 07/31/21 | Fluid Engineering | 2,333 | MTM | |
9.34 | JPMCB | 1325 Oakbrook Drive | Specialty Tile Products | 12,808 | 08/31/22 | Stone Center, LLC | 10,240 | 12/31/23 | |
9.35 | JPMCB | 490 Heartland Drive | |||||||
9.36 | JPMCB | 1265 Oakbrook Drive | Southern Sweepers & Scrub | 10,000 | 09/30/24 | ||||
9.37 | JPMCB | Columbus West - Business Park | |||||||
9.38 | JPMCB | 1155 Bowes Road | |||||||
9.39 | JPMCB | 1280 Oakbrook Drive | |||||||
9.40 | JPMCB | Cox Business Center | Amify, LLC | 10,000 | 01/31/22 | Laptop Fix, LLC | 5,000 | 03/31/23 | |
9.41 | JPMCB | 2002 Bloomingdale | |||||||
9.42 | JPMCB | 333 Charles Court | ACI Plastics & Manufacturing, Inc. | 6,823 | 02/28/22 | ||||
9.43 | JPMCB | 483 Heartland Drive | Tuskin Equipment Corporation | 6,961 | MTM | ||||
9.44 | JPMCB | 1256 Oakbrook Drive | Americare, LLC | 10,041 | 08/31/21 | ||||
9.45 | JPMCB | 550 Heartland |
A-1-23
Annex A-1
3rd LARGEST TENANT (4), (24), (25), (26) | 4th LARGEST TENANT (4), (24), (25), (26) | ||||||||
Lease | Lease | ||||||||
Loan # | Seller(1) | Property Name | 3rd Largest Tenant | Unit Size | Expiration | 4th Largest Tenant | Unit Size | Expiration | |
9.46 | JPMCB | Rittiman East Industrial Park #22 | BBMK, LLC d/b/a Blue Team Restoration | 3,000 | 08/31/22 | ||||
10 | CREFI | 2010 South Lamar | |||||||
11 | GSMC | 333 South Wabash | Continental Casualty Company | 56,638 | 11/30/24 | Akuna Capital LLC | 56,382 | 12/31/29 | |
12 | CREFI | Redmond Town Center | Haiku Seafood & Sushi Buffet | 11,381 | 09/30/21 | Pediatric Associates, Inc. P.S. | 10,996 | 09/30/28 | |
13 | GSMC | Earhart Corporate Center | Infor Global | 8,085 | 01/31/23 | Ellis Porter PLC | 6,698 | 11/30/27 | |
14 | CREFI | 2665 North First | Cloudgenix, Inc | 18,586 | 07/31/21 | Beckhoff Automation | 13,859 | 09/30/25 | |
15 | CREFI | KW Portfolio | |||||||
15.01 | CREFI | 10054 Old Grove Road | |||||||
15.02 | CREFI | 2742 Dow Avenue | |||||||
16 | GSMC | USAA Plano | |||||||
17 | GSMC | The Hub | Aldi | 17,936 | 10/31/23 | Walgreens | 16,447 | 07/31/24 | |
18 | JPMCB | Troy Technology Park | LG Chem Michigan Inc. | 45,827 | 02/29/24 | Roush Industries, Inc. | 43,732 | 03/31/22 | |
19 | GSMC | Amazon Industrial Portfolio | |||||||
19.01 | GSMC | 12900 Pecan Park Road | |||||||
19.02 | GSMC | 6925 Riverview Avenue | |||||||
20 | GSMC | Westlake Center | JADEC, Inc | 8,392 | 12/31/22 | TW Telecom | 50 | MTM | |
21 | GACC | Home Ranch Health Center | Blue Agave | 4,685 | 03/31/24 | Cosmo Prof (Beauty Supply Store) | 2,372 | 06/30/21 | |
22 | CREFI | Keylock Storage Portfolio | |||||||
22.01 | CREFI | Mead | |||||||
22.02 | CREFI | Franklin | |||||||
22.03 | CREFI | Boise | |||||||
22.04 | CREFI | Fruitland | |||||||
22.05 | CREFI | Pendleton | |||||||
23 | GSMC | 711 Fifth Avenue | Ralph Lauren | 38,638 | 06/30/29 | Loro Piana USA | 24,388 | 08/31/25 | |
24 | CREFI | 6655 Wedgwood | Audio Research Corporation | 20,754 | 12/31/28 | MDCM Solutions | 13,049 | 06/30/26 | |
25 | CREFI | Mid Atlantic Storage Portfolio | |||||||
25.01 | CREFI | Storage at Atlas | |||||||
25.02 | CREFI | Storage at Mont Mini | |||||||
26 | GSMC | 3861 Sepulveda Boulevard | |||||||
27 | GSMC | Pell City Shopping Center | Bargain Hunt | 30,983 | 02/28/25 | Tractor Supply Company | 24,022 | 12/01/27 | |
28 | GACC | Tesla Service Center of Chicago | |||||||
29 | GSMC | Storage Post – Jefferson, LA | |||||||
30 | GACC | Diversey | |||||||
31 | CREFI | 167 North 6th Street | |||||||
32 | CREFI | 47 Ann | |||||||
33 | GACC | Rosencrans Apartment Homes | |||||||
34 | CREFI | 71 Leonard |
A-1-24
Annex A-1
5th LARGEST TENANT (4), (24), (25), (26) | ||||||||
Lease | Loan | |||||||
Loan # | Seller(1) | Property Name | 5th Largest Tenant | Unit Size | Expiration | Purpose | Principal / Carveout Guarantor(27) | |
1 | GACC | Moffett Place - Building 6 | Refinance | Jay Paul | ||||
2 | JPMCB/CREFI | 120 Wall Street | Center for Appellate Litigation | 20,535 | 01/31/25 | Refinance | Silverstein Holdco I LLC | |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | Acquisition | BREIT Operating Partnership L.P., MGM Growth Properties Operating Partnership LP | ||||
3.01 | CREFI/GACC | MGM Grand | ||||||
3.02 | CREFI/GACC | Mandalay Bay | ||||||
4 | JPMCB | 4 West 58th Street | Union Sq. Dermatology | 5,174 | 03/31/35 | Recapitalization | Sheldon H. Solow | |
5 | CREFI | Northern Trust Office | Refinance | The Richard L. Adams, Jr. Trust | ||||
6 | GACC | Coleman Highline | Refinance | LDH, LLC, Sansome Guarantor LLC | ||||
7 | GACC | Point West Portfolio | Refinance | Matthew T. White, Gary D. Nelson, Deborah Dedomenico | ||||
7.01 | GACC | 1610 & 1620 Arden Way | CSAA Insurance Exchange | 8,148 | 12/31/24 | |||
7.02 | GACC | 1545 River Park Drive | Randstad Professionals | 6,940 | 05/31/25 | |||
7.03 | GACC | 1601 Response Road | First Foundation Bank | 3,655 | 08/31/26 | |||
8 | CREFI | Skywater Technology HQ | Recapitalization | Loren Unterseher | ||||
9 | JPMCB | Agellan Portfolio | Refinance | Elad Genesis Limited Partnership | ||||
9.01 | JPMCB | Sarasota Distribution Hub | ||||||
9.02 | JPMCB | Naperville Woods Office Center | Equian, LLC | 19,585 | 09/30/28 | |||
9.03 | JPMCB | Southpark Business Park FOP | ||||||
9.04 | JPMCB | Supervalu | ||||||
9.05 | JPMCB | Plainfield Business Center IV | ||||||
9.06 | JPMCB | Beltway III | ||||||
9.07 | JPMCB | 4405 Continental Dr | ||||||
9.08 | JPMCB | Beltway IV | ||||||
9.09 | JPMCB | Sandy Plains Business Park | Vaperite Inc | 13,194 | 03/31/22 | |||
9.10 | JPMCB | Coliseum Distribution Center #1 | ||||||
9.11 | JPMCB | Silber Industrial Park | Audio Visual Services Group | 13,630 | 06/30/22 | |||
9.12 | JPMCB | Southpark Business Park M | Maidbot, Inc. | 9,153 | 12/31/20 | |||
9.13 | JPMCB | West by Northwest Business Blvd | ABM Janitorial Svcs. Inc. | 11,435 | 12/31/23 | |||
9.14 | JPMCB | Norcross Center | ATL Courier Inc | 16,902 | 06/30/24 | |||
9.15 | JPMCB | Goshen Springs | Kenosha Beef International, Ltd | 13,014 | 11/30/23 | |||
9.16 | JPMCB | Long Point Center | ACS Flooring Group, Inc. | 16,468 | 12/31/23 | |||
9.17 | JPMCB | Corridor Park D | ||||||
9.18 | JPMCB | Southport 1-4 | Regnah Industry, LLC | 7,937 | 12/31/22 | |||
9.19 | JPMCB | Jameel | Plant Interscapes, Inc. | 7,302 | 03/31/23 | |||
9.20 | JPMCB | Beltway II | ||||||
9.21 | JPMCB | Braker Center 4 | Roku, Inc. | 3,086 | 01/31/24 | |||
9.22 | JPMCB | Northgreen 1-4 | Evans Consoles, Inc. | 4,560 | 12/31/24 | |||
9.23 | JPMCB | Minimax | Texas Receiving, LLC | 13,094 | 09/30/21 | |||
9.24 | JPMCB | Southpark Business Park E | ||||||
9.25 | JPMCB | 9385 Washington Blvd | Tasty Shirt Company, Inc. | 8,990 | 12/31/22 | |||
9.26 | JPMCB | Rothway | ||||||
9.27 | JPMCB | 2730 Pinnacle | ||||||
9.28 | JPMCB | Columbus West - Interchange Rd | Matthews International Corp | 8,000 | 11/30/20 | |||
9.29 | JPMCB | 1346 Oakbrook Drive | Fabulous Picasso Brothers | 5,200 | MTM | |||
9.30 | JPMCB | 1230-1236 Hardt Circle | ||||||
9.31 | JPMCB | Pine Forest Business Park | ||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | First Lan Corporation | 4,800 | 05/31/21 | |||
9.33 | JPMCB | 1351 Oakbrook Drive | Water Restoration Pros, LLC | 2,300 | 02/28/22 | |||
9.34 | JPMCB | 1325 Oakbrook Drive | ||||||
9.35 | JPMCB | 490 Heartland Drive | ||||||
9.36 | JPMCB | 1265 Oakbrook Drive | ||||||
9.37 | JPMCB | Columbus West - Business Park | ||||||
9.38 | JPMCB | 1155 Bowes Road | ||||||
9.39 | JPMCB | 1280 Oakbrook Drive | ||||||
9.40 | JPMCB | Cox Business Center | ||||||
9.41 | JPMCB | 2002 Bloomingdale | ||||||
9.42 | JPMCB | 333 Charles Court | ||||||
9.43 | JPMCB | 483 Heartland Drive | ||||||
9.44 | JPMCB | 1256 Oakbrook Drive | ||||||
9.45 | JPMCB | 550 Heartland |
A-1-25
Annex A-1
5th LARGEST TENANT (4), (24), (25), (26) | ||||||||
Lease | Loan | |||||||
Loan # | Seller(1) | Property Name | 5th Largest Tenant | Unit Size | Expiration | Purpose | Principal / Carveout Guarantor(27) | |
9.46 | JPMCB | Rittiman East Industrial Park #22 | ||||||
10 | CREFI | 2010 South Lamar | Refinance | Alan Sackman | ||||
11 | GSMC | 333 South Wabash | United Way of Metro Chicago | 28,892 | 04/30/28 | Acquisition | Michael Shvo, Deutsche Finance America LLC | |
12 | CREFI | Redmond Town Center | Gene Juarez Salon & Spa | 9,568 | 05/31/24 | Recapitalization | Fairbourne Partners, LLC | |
13 | GSMC | Earhart Corporate Center | U. Michigan Victors Care | 3,290 | 06/30/23 | Refinance | Jason Fine, Richard O. Fine, David Tomlinson, Jason Litwack, Alex Cantu | |
14 | CREFI | 2665 North First | HYC Technology Co. | 6,879 | 12/31/27 | Refinance | Zhonghuan Investment USA, LLC | |
15 | CREFI | KW Portfolio | Acquisition | Chandru H. Wadhwani | ||||
15.01 | CREFI | 10054 Old Grove Road | ||||||
15.02 | CREFI | 2742 Dow Avenue | ||||||
16 | GSMC | USAA Plano | Acquisition | USRA Institutional Net Lease Fund III, LLC | ||||
17 | GSMC | The Hub | Bronx Party Center | 7,562 | 05/31/29 | Refinance | The Related Companies, L.P. | |
18 | JPMCB | Troy Technology Park | Ally Financial, Inc. | 43,272 | 12/31/21 | Acquisition | Boruch Drillman | |
19 | GSMC | Amazon Industrial Portfolio | Acquisition | JDM Real Estate Funds, LLC | ||||
19.01 | GSMC | 12900 Pecan Park Road | ||||||
19.02 | GSMC | 6925 Riverview Avenue | ||||||
20 | GSMC | Westlake Center | Recapitalization | Gulf United Investments Corporation | ||||
21 | GACC | Home Ranch Health Center | Dr. John Kim DDS | 2,201 | 06/30/24 | Refinance | Sean Hashem, Fareed Kanani | |
22 | CREFI | Keylock Storage Portfolio | Refinance | Austin J. Osborne, Ronald L. Osborne | ||||
22.01 | CREFI | Mead | ||||||
22.02 | CREFI | Franklin | ||||||
22.03 | CREFI | Boise | ||||||
22.04 | CREFI | Fruitland | ||||||
22.05 | CREFI | Pendleton | ||||||
23 | GSMC | 711 Fifth Avenue | Sandler Capital | 17,200 | 06/30/27 | Refinance | Bayerische Versorgungskammer, Deutsche Finance America LLC, DF Deutsche Finance Holding AG, Hessen Lawyers Pension Fund | |
24 | CREFI | 6655 Wedgwood | Forterra Pipe & Precast | 12,897 | 06/30/24 | Acquisition | Ryan Lucas, Mark Stark | |
25 | CREFI | Mid Atlantic Storage Portfolio | Acquisition | Susan E. T. Petrone, Petrone Family Trust | ||||
25.01 | CREFI | Storage at Atlas | ||||||
25.02 | CREFI | Storage at Mont Mini | ||||||
26 | GSMC | 3861 Sepulveda Boulevard | Refinance | Robert Hayman, David Dossetter, Ken Rosenblood, William Dorfman | ||||
27 | GSMC | Pell City Shopping Center | Bender’s Elite Fitness | 9,200 | 07/31/23 | Refinance | Micah Lacher | |
28 | GACC | Tesla Service Center of Chicago | Refinance | Warren H. Baker | ||||
29 | GSMC | Storage Post – Jefferson, LA | Refinance | Bruce C. Roch, Jr., William H. Shane, Jr., James P. Favrot | ||||
30 | GACC | Diversey | Refinance | New Mountain Net Lease Partners Corporation | ||||
31 | CREFI | 167 North 6th Street | Refinance | Joel Gluck | ||||
32 | CREFI | 47 Ann | Refinance | Nathan Berman | ||||
33 | GACC | Rosencrans Apartment Homes | Refinance | Ira Hickman | ||||
34 | CREFI | 71 Leonard | Refinance | Nathan Berman |
A-1-26
Annex A-1
Pari Passu Debt | ||||||||||
Pari Passu | Pari Passu | Pari Passu | Total Cut-off | |||||||
Lockbox | Lockbox | Cash | Pari Passu | Note Control | Piece In-Trust | Piece Non-Trust | Date Pari | |||
Loan # | Seller(1) | Property Name | (Y/N) | Type(28) | Management(28) | (Y/N)(7) | (Y/N) | Cut-Off Balance | Cut-Off Balance | Passu Debt |
1 | GACC | Moffett Place - Building 6 | Yes | Hard | In Place | Yes | No | 74,850,000 | 58,250,000 | 133,100,000 |
2 | JPMCB/CREFI | 120 Wall Street | Yes | Hard | Springing | Yes | No | 70,000,000 | 95,000,000 | 165,000,000 |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | Yes | Hard | Springing | Yes | No | 70,000,000 | 1,564,200,000 | 1,634,200,000 |
3.01 | CREFI/GACC | MGM Grand | ||||||||
3.02 | CREFI/GACC | Mandalay Bay | ||||||||
4 | JPMCB | 4 West 58th Street | Yes | Hard | Springing | Yes | Yes | 62,500,000 | 62,500,000 | 125,000,000 |
5 | CREFI | Northern Trust Office | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
6 | GACC | Coleman Highline | Yes | Hard | Springing | Yes | No | 40,000,000 | 115,000,000 | 155,000,000 |
7 | GACC | Point West Portfolio | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
7.01 | GACC | 1610 & 1620 Arden Way | ||||||||
7.02 | GACC | 1545 River Park Drive | ||||||||
7.03 | GACC | 1601 Response Road | ||||||||
8 | CREFI | Skywater Technology HQ | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
9 | JPMCB | Agellan Portfolio | Yes | Hard | In Place | Yes | No | 35,000,000 | 196,000,000 | 231,000,000 |
9.01 | JPMCB | Sarasota Distribution Hub | ||||||||
9.02 | JPMCB | Naperville Woods Office Center | ||||||||
9.03 | JPMCB | Southpark Business Park FOP | ||||||||
9.04 | JPMCB | Supervalu | ||||||||
9.05 | JPMCB | Plainfield Business Center IV | ||||||||
9.06 | JPMCB | Beltway III | ||||||||
9.07 | JPMCB | 4405 Continental Dr | ||||||||
9.08 | JPMCB | Beltway IV | ||||||||
9.09 | JPMCB | Sandy Plains Business Park | ||||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | ||||||||
9.11 | JPMCB | Silber Industrial Park | ||||||||
9.12 | JPMCB | Southpark Business Park M | ||||||||
9.13 | JPMCB | West by Northwest Business Blvd | ||||||||
9.14 | JPMCB | Norcross Center | ||||||||
9.15 | JPMCB | Goshen Springs | ||||||||
9.16 | JPMCB | Long Point Center | ||||||||
9.17 | JPMCB | Corridor Park D | ||||||||
9.18 | JPMCB | Southport 1-4 | ||||||||
9.19 | JPMCB | Jameel | ||||||||
9.20 | JPMCB | Beltway II | ||||||||
9.21 | JPMCB | Braker Center 4 | ||||||||
9.22 | JPMCB | Northgreen 1-4 | ||||||||
9.23 | JPMCB | Minimax | ||||||||
9.24 | JPMCB | Southpark Business Park E | ||||||||
9.25 | JPMCB | 9385 Washington Blvd | ||||||||
9.26 | JPMCB | Rothway | ||||||||
9.27 | JPMCB | 2730 Pinnacle | ||||||||
9.28 | JPMCB | Columbus West - Interchange Rd | ||||||||
9.29 | JPMCB | 1346 Oakbrook Drive | ||||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | ||||||||
9.31 | JPMCB | Pine Forest Business Park | ||||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | ||||||||
9.33 | JPMCB | 1351 Oakbrook Drive | ||||||||
9.34 | JPMCB | 1325 Oakbrook Drive | ||||||||
9.35 | JPMCB | 490 Heartland Drive | ||||||||
9.36 | JPMCB | 1265 Oakbrook Drive | ||||||||
9.37 | JPMCB | Columbus West - Business Park | ||||||||
9.38 | JPMCB | 1155 Bowes Road | ||||||||
9.39 | JPMCB | 1280 Oakbrook Drive | ||||||||
9.40 | JPMCB | Cox Business Center | ||||||||
9.41 | JPMCB | 2002 Bloomingdale | ||||||||
9.42 | JPMCB | 333 Charles Court | ||||||||
9.43 | JPMCB | 483 Heartland Drive | ||||||||
9.44 | JPMCB | 1256 Oakbrook Drive | ||||||||
9.45 | JPMCB | 550 Heartland |
A-1-27
Annex A-1
Pari Passu Debt | ||||||||||
Pari Passu | Pari Passu | Pari Passu | Total Cut-off | |||||||
Lockbox | Lockbox | Cash | Pari Passu | Note Control | Piece In-Trust | Piece Non-Trust | Date Pari | |||
Loan # | Seller(1) | Property Name | (Y/N) | Type(28) | Management(28) | (Y/N)(7) | (Y/N) | Cut-Off Balance | Cut-Off Balance | Passu Debt |
9.46 | JPMCB | Rittiman East Industrial Park #22 | ||||||||
10 | CREFI | 2010 South Lamar | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
11 | GSMC | 333 South Wabash | Yes | Hard | Springing | Yes | No | 30,000,000 | 210,000,000 | 240,000,000 |
12 | CREFI | Redmond Town Center | Yes | Hard | Springing | Yes | No | 30,000,000 | 71,500,000 | 101,500,000 |
13 | GSMC | Earhart Corporate Center | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
14 | CREFI | 2665 North First | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
15 | CREFI | KW Portfolio | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
15.01 | CREFI | 10054 Old Grove Road | ||||||||
15.02 | CREFI | 2742 Dow Avenue | ||||||||
16 | GSMC | USAA Plano | Yes | Hard | In Place | Yes | No | 25,000,000 | 38,600,000 | 63,600,000 |
17 | GSMC | The Hub | Yes | Hard | Springing | Yes | Yes | 25,000,000 | 19,205,881 | 44,205,881 |
18 | JPMCB | Troy Technology Park | Yes | Hard | Springing | Yes | Yes | 25,000,000 | 20,000,000 | 45,000,000 |
19 | GSMC | Amazon Industrial Portfolio | Yes | Hard | Springing | Yes | No | 24,100,000 | 115,000,000 | 139,100,000 |
19.01 | GSMC | 12900 Pecan Park Road | ||||||||
19.02 | GSMC | 6925 Riverview Avenue | ||||||||
20 | GSMC | Westlake Center | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
21 | GACC | Home Ranch Health Center | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
22 | CREFI | Keylock Storage Portfolio | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
22.01 | CREFI | Mead | ||||||||
22.02 | CREFI | Franklin | ||||||||
22.03 | CREFI | Boise | ||||||||
22.04 | CREFI | Fruitland | ||||||||
22.05 | CREFI | Pendleton | ||||||||
23 | GSMC | 711 Fifth Avenue | Yes | Hard | Springing | Yes | No | 15,000,000 | 530,000,000 | 545,000,000 |
24 | CREFI | 6655 Wedgwood | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
25 | CREFI | Mid Atlantic Storage Portfolio | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
25.01 | CREFI | Storage at Atlas | ||||||||
25.02 | CREFI | Storage at Mont Mini | ||||||||
26 | GSMC | 3861 Sepulveda Boulevard | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
27 | GSMC | Pell City Shopping Center | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
28 | GACC | Tesla Service Center of Chicago | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
29 | GSMC | Storage Post – Jefferson, LA | Yes | Soft | Springing | No | NAP | NAP | NAP | NAP |
30 | GACC | Diversey | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
31 | CREFI | 167 North 6th Street | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
32 | CREFI | 47 Ann | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
33 | GACC | Rosencrans Apartment Homes | Yes | Hard | Springing | No | NAP | NAP | NAP | NAP |
34 | CREFI | 71 Leonard | Yes | Springing | Springing | No | NAP | NAP | NAP | NAP |
A-1-28
Annex A-1
Additional Debt | Total Debt | |||||||||||
Additional | Additional | Total Debt | Total Debt | |||||||||
Addit Debt | Addit Debt | Additional | Debt Cut-off | Debt | Total Debt | UW NCF | Total Debt | UW NOI | ||||
Loan # | Seller(1) | Property Name | Permitted (Y/N)(29) | Exist (Y/N)(29) | Debt Type(s) | Date Balance | Interest Rate | Cut-off Balance | DSCR | Current LTV % | Debt Yield % | |
1 | GACC | Moffett Place - Building 6 | No | Yes | B-Note (66,900,000)/Mezzanine (49,000,000) | 115,900,000 | 4.62946302933563 | 249,000,000 | 1.59 | 69.3% | 6.5% | |
2 | JPMCB/CREFI | 120 Wall Street | Yes | No | Permitted Mezzanine | NAP | NAP | 165,000,000 | 2.74 | 57.9% | 9.3% | |
3 | CREFI/GACC | MGM Grand & Mandalay Bay | Yes | Yes | B-Notes (804,400,000)/C-Notes (561,400,000)/Permitted Mezzanine | 1,365,800,000 | 3.55800 | 3,000,000,000 | 2.70 | 65.2% | 9.7% | |
3.01 | CREFI/GACC | MGM Grand | 2.70 | 65.2% | 9.7% | |||||||
3.02 | CREFI/GACC | Mandalay Bay | 2.70 | 65.2% | 9.7% | |||||||
4 | JPMCB | 4 West 58th Street | Yes | No | Permitted Mezzanine | NAP | NAP | 125,000,000 | 1.94 | 69.4% | 7.4% | |
5 | CREFI | Northern Trust Office | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6 | GACC | Coleman Highline | No | No | NAP | NAP | NAP | 155,000,000 | 3.64 | 50.8% | 10.3% | |
7 | GACC | Point West Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7.01 | GACC | 1610 & 1620 Arden Way | NAP | NAP | NAP | |||||||
7.02 | GACC | 1545 River Park Drive | NAP | NAP | NAP | |||||||
7.03 | GACC | 1601 Response Road | NAP | NAP | NAP | |||||||
8 | CREFI | Skywater Technology HQ | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | JPMCB | Agellan Portfolio | No | Yes | Subordinate Debt (172,000,000)/Mezzanine Loan (31,000,000) | 203,000,000 | 5.10246305418719 | 434,000,000 | 1.54 | 78.8% | 8.3% | |
9.01 | JPMCB | Sarasota Distribution Hub | 1.54 | 78.8% | 8.3% | |||||||
9.02 | JPMCB | Naperville Woods Office Center | 1.54 | 78.8% | 8.3% | |||||||
9.03 | JPMCB | Southpark Business Park FOP | 1.54 | 78.8% | 8.3% | |||||||
9.04 | JPMCB | Supervalu | 1.54 | 78.8% | 8.3% | |||||||
9.05 | JPMCB | Plainfield Business Center IV | 1.54 | 78.8% | 8.3% | |||||||
9.06 | JPMCB | Beltway III | 1.54 | 78.8% | 8.3% | |||||||
9.07 | JPMCB | 4405 Continental Dr | 1.54 | 78.8% | 8.3% | |||||||
9.08 | JPMCB | Beltway IV | 1.54 | 78.8% | 8.3% | |||||||
9.09 | JPMCB | Sandy Plains Business Park | 1.54 | 78.8% | 8.3% | |||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | 1.54 | 78.8% | 8.3% | |||||||
9.11 | JPMCB | Silber Industrial Park | 1.54 | 78.8% | 8.3% | |||||||
9.12 | JPMCB | Southpark Business Park M | 1.54 | 78.8% | 8.3% | |||||||
9.13 | JPMCB | West by Northwest Business Blvd | 1.54 | 78.8% | 8.3% | |||||||
9.14 | JPMCB | Norcross Center | 1.54 | 78.8% | 8.3% | |||||||
9.15 | JPMCB | Goshen Springs | 1.54 | 78.8% | 8.3% | |||||||
9.16 | JPMCB | Long Point Center | 1.54 | 78.8% | 8.3% | |||||||
9.17 | JPMCB | Corridor Park D | 1.54 | 78.8% | 8.3% | |||||||
9.18 | JPMCB | Southport 1-4 | 1.54 | 78.8% | 8.3% | |||||||
9.19 | JPMCB | Jameel | 1.54 | 78.8% | 8.3% | |||||||
9.20 | JPMCB | Beltway II | 1.54 | 78.8% | 8.3% | |||||||
9.21 | JPMCB | Braker Center 4 | 1.54 | 78.8% | 8.3% | |||||||
9.22 | JPMCB | Northgreen 1-4 | 1.54 | 78.8% | 8.3% | |||||||
9.23 | JPMCB | Minimax | 1.54 | 78.8% | 8.3% | |||||||
9.24 | JPMCB | Southpark Business Park E | 1.54 | 78.8% | 8.3% | |||||||
9.25 | JPMCB | 9385 Washington Blvd | 1.54 | 78.8% | 8.3% | |||||||
9.26 | JPMCB | Rothway | 1.54 | 78.8% | 8.3% | |||||||
9.27 | JPMCB | 2730 Pinnacle | 1.54 | 78.8% | 8.3% | |||||||
9.28 | JPMCB | Columbus West - Interchange Rd | 1.54 | 78.8% | 8.3% | |||||||
9.29 | JPMCB | 1346 Oakbrook Drive | 1.54 | 78.8% | 8.3% | |||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | 1.54 | 78.8% | 8.3% | |||||||
9.31 | JPMCB | Pine Forest Business Park | 1.54 | 78.8% | 8.3% | |||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 1.54 | 78.8% | 8.3% | |||||||
9.33 | JPMCB | 1351 Oakbrook Drive | 1.54 | 78.8% | 8.3% | |||||||
9.34 | JPMCB | 1325 Oakbrook Drive | 1.54 | 78.8% | 8.3% | |||||||
9.35 | JPMCB | 490 Heartland Drive | 1.54 | 78.8% | 8.3% | |||||||
9.36 | JPMCB | 1265 Oakbrook Drive | 1.54 | 78.8% | 8.3% | |||||||
9.37 | JPMCB | Columbus West - Business Park | 1.54 | 78.8% | 8.3% | |||||||
9.38 | JPMCB | 1155 Bowes Road | 1.54 | 78.8% | 8.3% | |||||||
9.39 | JPMCB | 1280 Oakbrook Drive | 1.54 | 78.8% | 8.3% | |||||||
9.40 | JPMCB | Cox Business Center | 1.54 | 78.8% | 8.3% | |||||||
9.41 | JPMCB | 2002 Bloomingdale | 1.54 | 78.8% | 8.3% | |||||||
9.42 | JPMCB | 333 Charles Court | 1.54 | 78.8% | 8.3% | |||||||
9.43 | JPMCB | 483 Heartland Drive | 1.54 | 78.8% | 8.3% | |||||||
9.44 | JPMCB | 1256 Oakbrook Drive | 1.54 | 78.8% | 8.3% | |||||||
9.45 | JPMCB | 550 Heartland | 1.54 | 78.8% | 8.3% |
A-1-29
Annex A-1
Additional Debt | Total Debt | |||||||||||
Additional | Additional | Total Debt | Total Debt | |||||||||
Addit Debt | Addit Debt | Additional | Debt Cut-off | Debt | Total Debt | UW NCF | Total Debt | UW NOI | ||||
Loan # | Seller(1) | Property Name | Permitted (Y/N)(29) | Exist (Y/N)(29) | Debt Type(s) | Date Balance | Interest Rate | Cut-off Balance | DSCR | Current LTV % | Debt Yield % | |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 1.54 | 78.8% | 8.3% | |||||||
10 | CREFI | 2010 South Lamar | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | GSMC | 333 South Wabash | No | No | NAP | NAP | NAP | 240,000,000 | 2.75 | 62.8% | 10.1% | |
12 | CREFI | Redmond Town Center | No | No | NAP | NAP | NAP | 101,500,000 | 1.79 | 67.2% | 10.7% | |
13 | GSMC | Earhart Corporate Center | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | CREFI | 2665 North First | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | CREFI | KW Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.01 | CREFI | 10054 Old Grove Road | NAP | NAP | NAP | |||||||
15.02 | CREFI | 2742 Dow Avenue | NAP | NAP | NAP | |||||||
16 | GSMC | USAA Plano | No | No | NAP | NAP | NAP | 63,600,000 | 2.84 | 53.0% | 10.5% | |
17 | GSMC | The Hub | No | Yes | Subordinate Debt | 2,560,000 | 0.00000 | 46,765,881 | 2.76 | 57.9% | 10.5% | |
18 | JPMCB | Troy Technology Park | No | No | NAP | NAP | NAP | 45,000,000 | 1.66 | 72.9% | 9.2% | |
19 | GSMC | Amazon Industrial Portfolio | No | No | NAP | NAP | NAP | 139,100,000 | 2.38 | 64.7% | 8.0% | |
19.01 | GSMC | 12900 Pecan Park Road | 2.38 | 64.7% | 8.0% | |||||||
19.02 | GSMC | 6925 Riverview Avenue | 2.38 | 64.7% | 8.0% | |||||||
20 | GSMC | Westlake Center | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21 | GACC | Home Ranch Health Center | Yes | No | Permitted Mezzanine | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | CREFI | Keylock Storage Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.01 | CREFI | Mead | NAP | NAP | NAP | |||||||
22.02 | CREFI | Franklin | NAP | NAP | NAP | |||||||
22.03 | CREFI | Boise | NAP | NAP | NAP | |||||||
22.04 | CREFI | Fruitland | NAP | NAP | NAP | |||||||
22.05 | CREFI | Pendleton | NAP | NAP | NAP | |||||||
23 | GSMC | 711 Fifth Avenue | Yes | No | Permitted Mezzanine | NAP | NAP | 545,000,000 | 2.90 | 54.5% | 9.4% | |
24 | CREFI | 6655 Wedgwood | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | CREFI | Mid Atlantic Storage Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25.01 | CREFI | Storage at Atlas | NAP | NAP | NAP | |||||||
25.02 | CREFI | Storage at Mont Mini | NAP | NAP | NAP | |||||||
26 | GSMC | 3861 Sepulveda Boulevard | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | GSMC | Pell City Shopping Center | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | GACC | Tesla Service Center of Chicago | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | GSMC | Storage Post – Jefferson, LA | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | GACC | Diversey | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | CREFI | 167 North 6th Street | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | CREFI | 47 Ann | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | GACC | Rosencrans Apartment Homes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | CREFI | 71 Leonard | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
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Annex A-1
HOTEL OPERATING STATISTICS | |||||||||||||||||||
2017 | 2017 | 2018 | 2018 | 2019 | 2019 | Most | Most | Most | |||||||||||
2017 | ADR | Rev | 2018 | ADR | Rev | 2019 | ADR | Rev | Recent | Recent | Recent | UW | UW | UW | |||||
Loan # | Seller(1) | Property Name | Occupancy % | ($) | PAR ($) | Occupancy % | ($) | PAR ($) | Occupancy % | ($) | PAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # | |
1 | GACC | Moffett Place - Building 6 | 1 | ||||||||||||||||
2 | JPMCB/CREFI | 120 Wall Street | 2 | ||||||||||||||||
3 | CREFI/GACC | MGM Grand & Mandalay Bay | 91.0% | 193.58 | 176.24 | 91.5% | 192.62 | 176.18 | 92.1% | 196.52 | 180.94 | 87.5% | 197.27 | 172.60 | 92.1% | 196.52 | 180.94 | 3 | |
3.01 | CREFI/GACC | MGM Grand | 92.1% | 181.76 | 167.36 | 92.7% | 182.10 | 168.76 | 91.4% | 190.29 | 173.85 | 83.9% | 192.07 | 161.19 | 91.4% | 190.29 | 173.85 | 3.01 | |
3.02 | CREFI/GACC | Mandalay Bay | 90.0% | 206.28 | 185.57 | 90.2% | 203.96 | 183.96 | 92.8% | 202.98 | 188.40 | 91.7% | 202.85 | 185.98 | 92.8% | 202.98 | 188.40 | 3.02 | |
4 | JPMCB | 4 West 58th Street | 4 | ||||||||||||||||
5 | CREFI | Northern Trust Office | 5 | ||||||||||||||||
6 | GACC | Coleman Highline | 6 | ||||||||||||||||
7 | GACC | Point West Portfolio | 7 | ||||||||||||||||
7.01 | GACC | 1610 & 1620 Arden Way | 7.01 | ||||||||||||||||
7.02 | GACC | 1545 River Park Drive | 7.02 | ||||||||||||||||
7.03 | GACC | 1601 Response Road | 7.03 | ||||||||||||||||
8 | CREFI | Skywater Technology HQ | 8 | ||||||||||||||||
9 | JPMCB | Agellan Portfolio | 9 | ||||||||||||||||
9.01 | JPMCB | Sarasota Distribution Hub | 9.01 | ||||||||||||||||
9.02 | JPMCB | Naperville Woods Office Center | 9.02 | ||||||||||||||||
9.03 | JPMCB | Southpark Business Park FOP | 9.03 | ||||||||||||||||
9.04 | JPMCB | Supervalu | 9.04 | ||||||||||||||||
9.05 | JPMCB | Plainfield Business Center IV | 9.05 | ||||||||||||||||
9.06 | JPMCB | Beltway III | 9.06 | ||||||||||||||||
9.07 | JPMCB | 4405 Continental Dr | 9.07 | ||||||||||||||||
9.08 | JPMCB | Beltway IV | 9.08 | ||||||||||||||||
9.09 | JPMCB | Sandy Plains Business Park | 9.09 | ||||||||||||||||
9.10 | JPMCB | Coliseum Distribution Center #1 | 9.10 | ||||||||||||||||
9.11 | JPMCB | Silber Industrial Park | 9.11 | ||||||||||||||||
9.12 | JPMCB | Southpark Business Park M | 9.12 | ||||||||||||||||
9.13 | JPMCB | West by Northwest Business Blvd | 9.13 | ||||||||||||||||
9.14 | JPMCB | Norcross Center | 9.14 | ||||||||||||||||
9.15 | JPMCB | Goshen Springs | 9.15 | ||||||||||||||||
9.16 | JPMCB | Long Point Center | 9.16 | ||||||||||||||||
9.17 | JPMCB | Corridor Park D | 9.17 | ||||||||||||||||
9.18 | JPMCB | Southport 1-4 | 9.18 | ||||||||||||||||
9.19 | JPMCB | Jameel | 9.19 | ||||||||||||||||
9.20 | JPMCB | Beltway II | 9.20 | ||||||||||||||||
9.21 | JPMCB | Braker Center 4 | 9.21 | ||||||||||||||||
9.22 | JPMCB | Northgreen 1-4 | 9.22 | ||||||||||||||||
9.23 | JPMCB | Minimax | 9.23 | ||||||||||||||||
9.24 | JPMCB | Southpark Business Park E | 9.24 | ||||||||||||||||
9.25 | JPMCB | 9385 Washington Blvd | 9.25 | ||||||||||||||||
9.26 | JPMCB | Rothway | 9.26 | ||||||||||||||||
9.27 | JPMCB | 2730 Pinnacle | 9.27 | ||||||||||||||||
9.28 | JPMCB | Columbus West - Interchange Rd | 9.28 | ||||||||||||||||
9.29 | JPMCB | 1346 Oakbrook Drive | 9.29 | ||||||||||||||||
9.30 | JPMCB | 1230-1236 Hardt Circle | 9.30 | ||||||||||||||||
9.31 | JPMCB | Pine Forest Business Park | 9.31 | ||||||||||||||||
9.32 | JPMCB | Rittiman East Industrial Park #23 & 24 | 9.32 | ||||||||||||||||
9.33 | JPMCB | 1351 Oakbrook Drive | 9.33 | ||||||||||||||||
9.34 | JPMCB | 1325 Oakbrook Drive | 9.34 | ||||||||||||||||
9.35 | JPMCB | 490 Heartland Drive | 9.35 | ||||||||||||||||
9.36 | JPMCB | 1265 Oakbrook Drive | 9.36 | ||||||||||||||||
9.37 | JPMCB | Columbus West - Business Park | 9.37 | ||||||||||||||||
9.38 | JPMCB | 1155 Bowes Road | 9.38 | ||||||||||||||||
9.39 | JPMCB | 1280 Oakbrook Drive | 9.39 | ||||||||||||||||
9.40 | JPMCB | Cox Business Center | 9.40 | ||||||||||||||||
9.41 | JPMCB | 2002 Bloomingdale | 9.41 | ||||||||||||||||
9.42 | JPMCB | 333 Charles Court | 9.42 | ||||||||||||||||
9.43 | JPMCB | 483 Heartland Drive | 9.43 | ||||||||||||||||
9.44 | JPMCB | 1256 Oakbrook Drive | 9.44 | ||||||||||||||||
9.45 | JPMCB | 550 Heartland | 9.45 |
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Annex A-1
HOTEL OPERATING STATISTICS | |||||||||||||||||||
2017 | 2017 | 2018 | 2018 | 2019 | 2019 | Most | Most | Most | |||||||||||
2017 | ADR | Rev | 2018 | ADR | Rev | 2019 | ADR | Rev | Recent | Recent | Recent | UW | UW | UW | |||||
Loan # | Seller(1) | Property Name | Occupancy % | ($) | PAR ($) | Occupancy % | ($) | PAR ($) | Occupancy % | ($) | PAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # | |
9.46 | JPMCB | Rittiman East Industrial Park #22 | 9.46 | ||||||||||||||||
10 | CREFI | 2010 South Lamar | 10 | ||||||||||||||||
11 | GSMC | 333 South Wabash | 11 | ||||||||||||||||
12 | CREFI | Redmond Town Center | 12 | ||||||||||||||||
13 | GSMC | Earhart Corporate Center | 13 | ||||||||||||||||
14 | CREFI | 2665 North First | 14 | ||||||||||||||||
15 | CREFI | KW Portfolio | 15 | ||||||||||||||||
15.01 | CREFI | 10054 Old Grove Road | 15.01 | ||||||||||||||||
15.02 | CREFI | 2742 Dow Avenue | 15.02 | ||||||||||||||||
16 | GSMC | USAA Plano | 16 | ||||||||||||||||
17 | GSMC | The Hub | 17 | ||||||||||||||||
18 | JPMCB | Troy Technology Park | 18 | ||||||||||||||||
19 | GSMC | Amazon Industrial Portfolio | 19 | ||||||||||||||||
19.01 | GSMC | 12900 Pecan Park Road | 19.01 | ||||||||||||||||
19.02 | GSMC | 6925 Riverview Avenue | 19.02 | ||||||||||||||||
20 | GSMC | Westlake Center | 20 | ||||||||||||||||
21 | GACC | Home Ranch Health Center | 21 | ||||||||||||||||
22 | CREFI | Keylock Storage Portfolio | 22 | ||||||||||||||||
22.01 | CREFI | Mead | 22.01 | ||||||||||||||||
22.02 | CREFI | Franklin | 22.02 | ||||||||||||||||
22.03 | CREFI | Boise | 22.03 | ||||||||||||||||
22.04 | CREFI | Fruitland | 22.04 | ||||||||||||||||
22.05 | CREFI | Pendleton | 22.05 | ||||||||||||||||
23 | GSMC | 711 Fifth Avenue | 23 | ||||||||||||||||
24 | CREFI | 6655 Wedgwood | 24 | ||||||||||||||||
25 | CREFI | Mid Atlantic Storage Portfolio | 25 | ||||||||||||||||
25.01 | CREFI | Storage at Atlas | 25.01 | ||||||||||||||||
25.02 | CREFI | Storage at Mont Mini | 25.02 | ||||||||||||||||
26 | GSMC | 3861 Sepulveda Boulevard | 26 | ||||||||||||||||
27 | GSMC | Pell City Shopping Center | 27 | ||||||||||||||||
28 | GACC | Tesla Service Center of Chicago | 28 | ||||||||||||||||
29 | GSMC | Storage Post – Jefferson, LA | 29 | ||||||||||||||||
30 | GACC | Diversey | 30 | ||||||||||||||||
31 | CREFI | 167 North 6th Street | 31 | ||||||||||||||||
32 | CREFI | 47 Ann | 32 | ||||||||||||||||
33 | GACC | Rosencrans Apartment Homes | 33 | ||||||||||||||||
34 | CREFI | 71 Leonard | 34 |
A-1-32
Footnotes to Annex A-1 | |
(1) | “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation or one of its affiliates, as Mortgage Loan Seller; “CREFI” denotes Citi Real Estate Funding Inc. or one of its affiliates, as Mortgage Loan Seller; and “GSMC” denotes Goldman Sachs Mortgage Company, or one of its affiliates, as Mortgage Loan Seller. With respect to Loan No. 1, Moffett Place – Building 6, the mortgage loan is part of a whole loan that was co-originated by DBR Investments Co. Limited and JPMCB. With respect to Loan No. 2, 120 Wall Street, the mortgage loan is part of a whole loan that was co–originated by Wells Fargo Bank, National Association, JPMCB and CREFI. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the mortgage loan is part of a whole loan that was co–originated by CREFI, Barclays Capital Real Estate Inc., Deutsche Bank AG, New York Branch and Société Générale Financial Corporation. With respect to Loan No. 11, 333 South Wabash, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, American General Life Insurance Company, The Variable Annuity Life Insurance Company, American Home Assurance Company and National Union Fire Insurance Company of Pittsburgh, PA. With respect to Loan No. 23, 711 Fifth Avenue, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Bank of America, N.A. |
(2) | With respect to Loan No. 2, 120 Wall Street, the mortgaged property includes two retail tenants that together consist of 7,281 square feet. With respect to Loan No. 3, MGM Grand & Mandalay Bay, each of the related mortgaged properties consists of a resort and casino and, as of the trailing twelve months ending June 30, 2020 (i) with respect to the MGM Grand mortgaged property, approximately 26.2% of the revenues were from hotel rooms, approximately 27.4% of the revenues were from food and beverage sales, approximately 24.4% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources and (ii) with respect to the Mandalay Bay mortgaged property, approximately 33.8% of the revenues were from hotel rooms, approximately 29.8% of the revenues were from food and beverage sales, approximately 13.6% of the revenues were from gaming, and approximately 22.8% of the revenues were from other sources. With respect to Loan No. 8, Skywater Technology HQ, the mortgaged property consists of 84,457 square feet of office space (21.4% of net rentable area) and 309,308 square feet of R&D and manufacturing space (78.6% of net rentable area). With respect to Loan No. 12, Redmond Town Center, the mortgaged property consists of 314,547 square feet of retail space that is 91.7% occupied and accounts for 78.9% of underwritten gross potential rent. The mortgaged property also consists of 71,868 square feet of office space that is 98.0% occupied and accounts for 17.2% of gross potential rent. With respect to Loan No. 24, 6655 Wedgwood, the mortgaged property consists of 101,391 square feet of office/lab space (81.9% of net rentable area) and 22,463 square feet of warehouse space (18.1% of net rentable area). With respect to Loan No. 32, 47 Ann, the mortgaged property consists of 12 multifamily units that are 100.0% occupied and account for 76.8% of underwritten effective gross income and 3,600 square feet of retail space that is 100.0% occupied and accounts for 23.2% of underwritten effective gross income. With respect to Loan No. 34, 71 Leonard, the mortgaged property consists of 8 multifamily units that are 100.0% occupied and account for 66.8% of underwritten effective gross income and 3,500 square feet of office space that is 100.0% occupied and accounts for 33.2% of underwritten effective gross income. |
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. With respect to Loan No. 7, Point West Portfolio, the 1620 Arden Way building that is part of the 1610 & 1620 Arden Way mortgaged property is a freestanding retail pad site that is ground leased to Sterling Jewelers Inc. through |
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November 2025. | |
With respect to Loan No. 22, Keylock Storage Portfolio – Pendleton, the borrower, KS Pendleton LLC, owns its improvements but not the underlying land, which is ground leased to the borrower by the City of Pendleton. The term of the ground lease expires on June 30, 2025. The borrower has two five-year renewal options, which, if exercised, would extend the term of the ground lease to June 30, 2035. | |
(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” in the Preliminary Prospectus for additional information. With respect to Loan No. 1, Moffett Place – Building 6, the sole tenant, Google, has free rent through May 1, 2021. At origination, $12,062,876 was reserved in respect of such free rent. Google’s lease commenced in May 2020. Google is building out its space, and has not yet taken occupancy of the Mortgaged Property. Google is expected to take occupancy by September or October 2021. With respect to Loan No. 3, MGM Grand & Mandalay Bay, each of the related mortgaged properties consist of a resort and casino and, as of the trailing twelve months ending June 30, 2020 (i) with respect to the MGM Grand mortgaged property, approximately 26.2% of the revenues were from hotel rooms, approximately 27.4% of the revenues were from food and beverage sales, approximately 24.4% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources and (ii) with respect to the Mandalay Bay mortgaged property, approximately 33.8% of the revenues were from hotel rooms, approximately 29.8% of the revenues were from food and beverage sales, approximately 13.6% of the revenues were from gaming, and approximately 22.8% of the revenues were from other sources. With respect to Loan No. 4, 4 West 58th Street, the Largest Tenant, 2nd Largest Tenant, 4th Largest Tenant, and 5th Largest Tenant, Neiman Marcus Group LLC., Netflix Inc., Northwell Health, and Union Sq. Dermatology, respectively, at the mortgaged property, have free rent or vacancy periods from March 2020 through, in certain cases, December 2020. At loan origination, the borrower reserved an aggregate amount of $5,799,156 to cover all vacancies, gap rent, prepaid rent, outstanding free rent concessions and rent abatements under the related leases. With respect to Loan No. 4, 4 West 58th Street, the 2nd Largest Tenant, Netflix Inc., is expected to commence paying rent on March 1, 2021. With respect to Loan No. 4, 4 West 58th Street, the 4th Largest Tenant, Northwell Health, is currently in occupancy of its space and is expected to commence paying rent in December 2020. At loan origination, the borrower reserved $81,921.66 to cover for the free rent period. With respect to Loan No. 6, Coleman Highline, the sole tenant, Roku, Inc., had free rent through the end of September 2020, which was reserved at origination. Roku, Inc.’s lease commenced in March 2020 and Roku, Inc. began paying rent on October 1, 2020. The tenant has not yet taken full occupancy of the space, but is expected to take occupancy by the end of the first quarter of 2021. With respect to Loan No. 7, Point West Portfolio, the 4th Largest Tenant at the 1601 Response Road mortgaged property, DGS Speech Pathology, has signed a lease commencing on February 1, 2021. Gap rent has not been reserved for. |
With respect to Loan No. 11, 333 South Wabash, The Northern Trust Company, representing approximately 45.4% of the net rentable area, has signed a lease with respect to an additional approximately 4.7% of the net rentable area at the mortgaged property commencing in 2023. With respect to Loan No. 14, 2665 North First, OneSpace, representing 19.4% of the net rentable area, is in the process of completing its buildout and expects to open at the mortgaged property in the next 4-6 months. With respect to Loan No. 16, USAA Plano, the sole tenant, USAA, has executed a lease for the entire mortgaged property but currently only occupies 125,000 square feet (the “Phase I Space”) on floors 2 and 3 pending the scheduled surrender of the remaining space by its current occupant, nThrive. The USAA lease had a commencement date with |
A-1-34
respect to the Phase I Space of January 2020 and USAA commenced paying rent on the Phase I Space in October 2020, following the expiration of a nine-month free rent period. USAA is expected to (i) take occupancy of floor 1 (the “Phase II Space”) and floor 4 (the “Phase III Space”) in July and September 2021, respectively, and (ii) commence paying rent for the Phase II Space and Phase III Space in January 2022. We cannot assure you that USAA will take possession of or begin paying rent on its space as expected or at all. With respect to Loan No. 20, Westlake Center, Westlake Management Services, Inc, representing approximately 85.1% of the net rentable area, has signed a lease with respect to approximately 13.3% of the net rentable area at the mortgaged property commencing in 2024. With respect to Loan No. 23, 711 Fifth Avenue, Ralph Lauren, representing approximately 11.4% of the net rentable area, is dark with respect to 31,202 square feet of its space. The tenant continues to operate the 7,436 square foot Polo Bar, which is open for takeout and delivery, at the mortgaged property. If the borrower believes the tenant has ceased retail operations in all of the premises under the related lease, the borrower may give notice thereof to the tenant. Within 30 days after the borrower gives such notice, the tenant must notify the borrower whether the tenant intends to cease retail operations at the premises. If the tenant notifies the borrower of its intent to cease such retail operations, the borrower has the right to terminate the lease. | |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
With respect to Loan No. 1, Moffett Place – Building 6, the Appraised Value ($), Current LTV %, and Maturity LTV % are based on the “As Stabilized” Value of $359,200,000, which assumes the stabilized operation of the mortgaged property as of May 1, 2021. Based on the “As-Is” appraised value of $333,000,000, the Current LTV % and Maturity LTV % are 40.0% for the Moffett Place – Building 6 senior notes, 60.1% for the Moffett Place – Building 6 Whole Loan and 74.8% for the Moffett Place – Building 6 total debt. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the Appraised Value ($) of $4,600,000,000 as of January 10, 2020, is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay mortgaged properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay mortgaged properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased–Sale–Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As Is Appraised Value”) as of January 10, 2020 includes personal property and intangible property attributable to the MGM Grand & Mandalay Bay mortgaged properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay mortgaged properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay mortgaged properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay Borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay Borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay Borrowers to the lender at origination. The Current LTV % and the Maturity % are based on the “Aggregate As Is Appraised Value” are 22.2% and 22.2%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan. The Current LTV % and the Maturity % are based on the Aggregate Real Property Appraised Value are 35.5% and 35.5%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan.
With respect to Loan No. 6, Coleman Highline, the Appraised Value ($), Current LTV %, and Maturity LTV % are based on the “As Stabilized” Value of $305,100,000, which assumes the stabilized operation of the mortgaged property as of October 1, 2020. Based on the “As-Is” appraised value of $301,100,000, the Current LTV % and Maturity LTV % are both equal to 51.5%.
With respect to Loan No. 7, Point West Portfolio, the Appraised Value ($), Current LTV % and Maturity LTV % are based on the “As Portfolio” value of $66,500,000. The “As-Portfolio” value assumes a 20% discount to the As-Is appraised value of the retail pad included in the 1610 & 1620 Arden Way mortgaged property. The appraisal concluded an aggregate “As-Is” appraised value of $66,910,000, which results in a Current LTV % and Maturity LTV % of 59.0%. With respect to Loan No. 9, Agellan Portfolio, the Appraised Value ($) is based on an aggregate “As-Is” value of the Mortgaged Properties and is inclusive of excess land value that is defined in each individual mortgaged property appraisal and serves as collateral for the whole loan. The excess vacant land parcels are associated with the Sarasota |
A-1-35
Distribution Hub and Supervalu properties and may be released pursuant to satisfying conditions set forth in the whole loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus. With respect to Loan No. 16, USAA Plano, the Current LTV % and Maturity LTV % are calculated utilizing the “Hypothetical Market Value - Accelerated Occupancy” appraised value of $119,900,000 as of August 2, 2020, which assumes that the scheduled occupancy by USAA of the entire mortgaged property occurs as of August 2, 2020, which is contrary to the actual terms of the related lease. The Current LTV % and Maturity LTV % calculated based on the “As-Is” appraised value of $99,200,000, as of August 2, 2020, are both 64.1%. With respect to Loan No. 18, Troy Technology Park, the Appraised Value ($) represents the “Hypothetical As Portfolio” Appraised Value, which assumes $3,500,000 is funded at origination for an upfront rollover reserve. At origination, the borrower reserved $3,500,000 for all outstanding tenant improvements and outstanding repairs. The “As-Is” portfolio value as of July 27, 2020 is $58.2 million, which results in a Cut-off Date LTV of approximately 77.3%. With respect to Loan No. 20, Westlake Center, the Current LTV % and Maturity LTV % are calculated utilizing the “Hypothetical Market Value - Accelerated Occupancy” appraised value of $32,600,000 as of July 1, 2020, which assumes that the scheduled occupancy of the expansion space for Westlake Management Services, Inc, occurs as of July 1, 2020, which is contrary to the actual terms of the related lease. The Current LTV % and Maturity LTV % calculated based on the “As-Is” appraised value of $29,800,000, as of July 1, 2020, are 72.5% and 58.5%, respectively. With respect to Loan No. 21, Home Ranch Health Center, the Current LTV % and Maturity LTV % were calculated based on netting a holdback reserve of $2.07 million from the Cut-off Date or Maturity Date principal balance (as applicable) of such mortgage loan. The Current LTV % and Maturity LTV % of such mortgage loan based on its full principal balance are 64.8% and 64.8%, respectively. | |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. With respect to Loan No. 3, MGM Grand & Mandalay Bay, The MGM Grand & Mandalay Bay Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of March 5, 2030 and a final maturity date of March 5, 2032. After the ARD, the following structure will apply: (i) the interest rate will increase by 200 basis points over the greater of (x) 3.55800%, and (y)(1) the ARD Treasury Note Rate in effect on the ARD (such new rate, the “Adjusted Interest Rate”) plus (2) 1.77000%, (ii) amounts in the Excess Cash Flow Reserve (as defined in the related loan agreement) will be applied first to pay monthly additional interest amounts which, to the extent not paid, will be deferred (together with interest accrued thereon at the Adjusted Interest Rate) and added to the principal balance of the applicable note(s) comprising a portion of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents, and (iii) a full cash flow sweep to the extent of remaining amounts in the excess cash flow reserve will be applied to principal of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—ARD Loan(s)” in this Preliminary Prospectus. |
(7) | With respect to Loan Nos. 1, 2, 3, 4, 6, 9, 11, 12, 16, 17, 18, 19 and 23, Moffett Place – Building 6, 120 Wall Street, MGM Grand & Mandalay Bay, 4 West 58th Street, Coleman Highline, Agellan Portfolio, 333 South Wabash, Redmond Town Center, USAA Plano, The Hub, Troy Technology Park, Amazon Industrial Portfolio and 711 Fifth Avenue in each case, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” in the Preliminary Prospectus for additional information. |
(8) | Each number identifies a group of related borrowers. With respect to Loan No. 7, Point West Portfolio, the borrowers own the mortgaged properties as tenants-in-common. With respect to Loan Nos. 11 and 23, 333 South Wabash and 711 Fifth Avenue, the mortgaged properties are owned by related borrowers. With respect to Loan No. 21, Home Ranch Health Center, the borrowers own the mortgaged property as tenants-in-common. |
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With respect to Loan Nos. 32 and 34, 47 Ann and 71 Leonard, the mortgaged properties are owned by separate borrowers, but are related through the loan sponsor, Nathan Berman. | |
(9) | For each mortgage loan, the Net Mortgage Rate % is equal to the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
(10) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. With respect to Loan No. 11, 333 South Wabash, the whole loan accrues interest on a 30/360 basis, and the Monthly Debt Service ($) is calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 360/360. With respect to Loan No. 11, 333 South Wabash, commencing on the first payment date following the occurrence of an Amortization Trigger Event (as defined below), combined payments of principal and interest will be payable, in arrears, on each monthly payment date in the amount of (a) $340,745.07 under the Promissory Note (AGL), (b) $69,411.03 under the Promissory Note (AGL-Fortitude), (c) $157,752.35 under the Promissory Note (VALIC), (d) $12,620.19 under the Promissory Note (NUFI-Fortitude), (e) $37,860.56 under the Promissory Note (AHAC), (f) $12,620.19 under the Promissory Note (AHAC-Fortitude), (g) $225,360.49 under the Promissory Note (Tranche A-2-A), (h) $135,216.30 under the Promissory Note (Tranche A-2-B), and (i) $90,144.20 under the Promissory Note (Tranche A-2-C). “Amortization Trigger Event” means, commencing on the payment date in August 2026 and on the Payment Date in August of each calendar year thereafter, (i) the net operating income for the 12 calendar months immediately preceding the date of determination does not exceed $21,000,000 or (ii) based on a lease-in-place analysis as of the date of determination, the aggregate portion of the mortgaged property demised pursuant to any lease with a stated termination date on or prior to the date that is 36 months following the date of determination exceeds 241,348 square feet. With respect to Loan No. 16, USAA Plano, commencing on the Anticipated Repayment Date, the interest rate will increase to a per annum rate equal to the greater of (x) 3.624% plus 300 basis points, (y) 6.45% or (z) the 1-year Swap Rate as of the Anticipated Repayment Date plus 292 basis points. |
(11) | With respect to all mortgage loans, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12. |
(12) | In some instances in which the loan documents provide grace periods with respect to payments, such grace periods may be permitted a limited number of times per any 12-month periods. With respect to Loan No. 11, 333 South Wabash, the whole loan documents provide the borrower with one five day grace period in any 12 month period for any payments due on a payment date. With respect to Loan No. 26, 3861 Sepulveda Boulevard, the mortgage loan documents provide the borrower with a five day grace period, one time per calendar year and two total times during the term of the mortgage loan for any payments due on a payment date. With respect to Loan No. 29, Storage Post – Jefferson, LA, the mortgage loan documents provide the borrower with one five day grace period in any 12 month period for any payments due on a payment date (other than the maturity date). |
(13) | The “L” component of the prepayment provision represents lockout payments. The “Def” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash management period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents. With respect to Loan No. 2, 120 Wall Street, the defeasance lockout period will be 24 payments beginning with and including the first payment date of November 11, 2020. Defeasance of the 120 Wall Street Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the 120 Wall Street Whole Loan to be securitized and (b) the payment date occurring in November 2023. The assumed defeasance lockout period of 24 months is based on |
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the expected Benchmark 2020-B20 securitization closing date in October 2020. The actual lockout period may be longer. Additionally, the borrower may prepay the 120 Wall Street Whole Loan at any time during the term of the 120 Wall Street Whole Loan with a 15-day prior notice and, if such prepayment date occurs before July 11, 2030, upon payment of the yield maintenance premium. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the lockout period will be at least 31 payment dates beginning with and including the first payment date of April 5, 2020. The MGM Grand & Mandalay Bay Borrowers have the option to defease the MGM Grand & Mandalay Bay Whole Loan, in whole or in part, after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 14, 2023. The MGM Grand & Mandalay Bay Whole Loan may be prepaid in whole or in part at any time, subject to payment of the applicable yield maintenance premium if such prepayment occurs prior to September 5, 2029 (provided no yield maintenance will be due in connection with mandatory prepayments arising out of any casualty, condemnation or in connection with a special release or a Default Release (as defined in the Preliminary Prospectus)). The assumed lockout period of 31 payment dates is based on the expected Benchmark 2020–B20 securitization closing date in October 2020. The actual lockout period may be longer. With respect to Loan No. 4, 4 West 58th Street, the lockout period will be 31 payments beginning with and including the first payment date of April 1, 2020. The borrower may defease the whole loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 28, 2023. The assumed lockout period of 31 payments is based on the expected Benchmark 2020-B20 securitization closing date in October 2020. The actual lockout period may be longer. With respect to Loan No. 11, 333 South Wabash, at any time on or after September 1, 2024, the borrower has the right to voluntarily prepay, and defease, as applicable, the 333 South Wabash Whole Loan in full provided that (i) in respect of a prepayment of (a) note AGL, (b) note AGL-Fortitude, (c) note VALIC, (d) note NUFI-Fortitude, (e) note AHAC and (f) note AHAC-Fortitude (collectively, “Tranche A-1 Notes”), the borrower pays a prepayment premium equal to the greater of the yield maintenance amount or 1% of the unpaid principal balance evidenced by the Tranche A-1 Notes as of the prepayment date, and (ii) the borrower defeases the portion of the 333 South Wabash Whole Loan evidenced by the (x) note Tranche A-2-A, (y) note Tranche A-2-B and (z) note Tranche A-2-C (collectively, “Tranche A-2 Notes”). For the avoidance of doubt, the Tranche A-1 Notes must be prepaid simultaneously as the Tranche A-2 Notes are defeased. | |
With respect to Loan No. 12, Redmond Town Center, the lockout period will be at least 31 payment dates beginning with and including the first payment date in April 2020. Defeasance of the Redmond Town Center 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 promissory note to be securitized and (ii) February 21, 2023. The assumed defeasance lockout period of 31 payment dates is based on the expected Benchmark 2020-B20 securitization closing date in October 2020. The actual lockout period may be longer. With respect to Loan No. 17, The Hub, the lockout period will be at least 24 payment dates beginning with and including the first payment date in November 2020. Defeasance of The Hub Whole Loan in full is permitted after the date that is the earlier to occur of (i) September 30, 2023 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 2020-B20 securitization closing date in October 2020. The actual lockout period may be longer. With respect to Loan No. 18, Troy Technology Park, the lockout period will be 24 payments beginning with and including the first payment date of November 1, 2020. The borrower may (i) defease the whole loan after the date that is two years after the closing date of the securitization that includes the last note to be securitized (the “Permitted Defeasance Date”) or (ii) prepay the whole loan on November 1, 2024 upon payment of an amount equal to the yield maintenance premium if the Permitted Defeasance Date has not yet occurred. The assumed lockout period of 24 payments is based on the expected Benchmark 2020-B20 securitization closing date in October 2020. The actual lockout period may be longer. With respect to Loan No. 21, Home Ranch Health Center, the loan is structured with a $2.07 million holdback reserve (the “Holdback Reserve”) which is held as additional collateral for the loan. The borrowers are entitled to, upon its request, and provided no event of default exists, receive the Holdback Reserve funds in no more than five disbursements if the following conditions are satisfied prior to the third anniversary of the loan origination date: (i) the debt yield (calculated including as part of the loan principal balance the portion of the Holdback Reserve requested to be released but excluding the portion of the Holdback Reserve not released from the loan principal balance) is at least 8.05%, (ii) no less than 85% of the leaseable area of the mortgaged property is leased pursuant to bona fide leases which satisfy the following conditions; (A) all tenant improvement allowances and leasing commissions have been paid (or sufficient funds to pay such amounts are available in the rollover account or retained in the Holdback Reserve), (B) the related tenants are in occupancy and open for business, and (C) the tenants are paying full unabated rent (or are in |
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a market free rent period for which sufficient funds have been retained in the Holdback Reserve to pay the unabated rent that would have otherwise been due during such free rent period), (iii) the lender has received estoppel certificates from the applicable tenants (or other evidence reasonably satisfactory to the lender) as to the matters in clause (ii) above, and (iv) in the event that the UCI Medical tenant expands its space so that it has more than 10,000 square feet after such expansion (whether or not it had 10,000 or more square feet prior to the expansion), the borrowers provide such evidence as the lenders reasonably determine is necessary to prove that such expansion will be in compliance with all applicable legal requirements (including without limitation a conditional use permit). If the lender determines that the release conditions have not been satisfied on or before the third anniversary of the loan origination date, the lender may, in its discretion either retain the earnout reserve as additional collateral or apply the Holdback Reserve to the reduction of the debt and require the borrowers to pay the applicable yield maintenance premium. | |
With respect to Loan No. 23, 711 Fifth Avenue, the lockout period will be at least 31 payment dates beginning with and including the first payment date in April 2020. Defeasance of the 711 Fifth Avenue Whole Loan in full is permitted after the date that is the earlier to occur of (i) March 6, 2023 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 31 payments is based on the expected Benchmark 2020-B20 securitization closing date in October 2020. The actual lockout period may be longer. | |
(14) | With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed, renovated and/or acquired. With respect to Loan No. 1, Moffett Place – Building 6, the Mortgaged Property is newly constructed, and historical financial information is not available. With respect to Loan No. 6, Coleman Highline, the Mortgaged Property is newly constructed, and historical financial information is not available. With respect to Loan No. 8, Skywater Technology HQ, historical financial information was not available because the mortgage loan was used to facilitate a sale-leaseback transaction. With respect to Loan No. 10, 2010 South Lamar, historical financial information was not available because the mortgaged property was recently constructed. With respect to Loan No. 13, Earhart Corporate Center, historical cash flow information is not available because the borrower sponsors acquired the mortgaged property in 2019. With respect to Loan No. 14, 2665 North First, the 2018 historical financial information of the mortgaged property represents 6 months annualized. The 2019 historical information of the mortgaged property represents 10 months annualized. With respect to Loan No. 15, KW Portfolio, historical financial information was not available because the mortgaged property was acquired by the borrower sponsor. With respect to Loan No. 16, USAA Plano, historical cash flow information is not available because the mortgaged property was acquired at origination. With respect to Loan No. 18, Troy Technology Park, limited historical financial information was provided by the borrower because the mortgaged property was newly acquired by the borrower. With respect to Loan No. 19, Amazon Industrial Portfolio, historical cash flow information is not available because each of the related mortgaged properties is subject to a triple-net lease with the related sole tenant. With respect to Loan No. 26, 3861 Sepulveda Boulevard, historical cash flow information is not available because the mortgaged property was renovated in 2019 in conjunction with the sole tenant taking occupancy. With respect to Loan No. 28, Tesla Service Center of Chicago, certain historical financial information is not available because the lease of the sole tenant, Tesla, Inc., commenced November 1, 2018, and the tenant opened for business November 1, 2019. |
With respect to Loan No. 30, Diversey, in March 2020, the borrower purchased the mortgaged property from the sole tenant, Diversey, in a sale-leaseback transaction in which Diversey entered into a 15-year triple-net lease at the |
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mortgaged property through March 2035. Accordingly, no historical financial information has been provided. With respect to Loan No. 33, Rosencrans Apartment Homes, Phase II (20 units out of 41 total) was delivered in May 2020. Accordingly, there is limited historical information for such portion of the mortgaged property. | |
(15) | In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.
With respect to Loan No. 2, 120 Wall Street, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by (i) new leases commencing in 2020 and 2021 accounting for an increase of approximately $1.9 million in underwritten base rent and (ii) approximately $298,037 in contractual rent steps through November 2021. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the increase by 10% or more from Most Recent NOI to UW NOI is a result of the temporary closure of the MGM Grand & Mandalay Bay mortgaged properties due to COVID-19. On May 1, 2020, MGM Resorts International reported that, as a result of the temporary closure of its domestic properties (which includes the MGM Grand & Mandalay Bay mortgaged properties) following the outbreak of COVID-19, its domestic properties (which includes the MGM Grand & Mandalay Bay mortgaged properties) were effectively generating no revenue, there were high levels of room and convention cancellation through the third quarter of 2020, and that, following the re-opening of its domestic properties (which includes the MGM Grand & Mandalay Bay mortgaged properties), it expected weakened demand in light of consumer fears and general economic uncertainty, among other things. With respect to Loan No. 7, Point West Portfolio, the increase in NOI from TTM to UW NOI is attributed to (i) $145,795 comprised of rent steps through August 2021 and straight line rent for investment grade tenants and (ii) five new leases signed since March 2020, which represent 38,687 square feet of the total net rentable area and $919,522 of the underwritten base rent at the Point West Portfolio properties. With respect to Loan No. 11, 333 South Wabash, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to The Northern Trust Company’s new 15-year direct lease for approximately 45.4% of the net rentable area at the mortgaged property that commenced in September 2020. Leased occupancy changed from below 40% as of December 2019 to 90.5% in the underwriting due to recent leasing in previously vacant space.
With respect to Loan No. 12, Redmond Town Center, the increase from Most Recent NOI to UW NOI at the mortgaged property is primarily attributable to the inclusion of contractual rent steps through February 2021.
With respect to Loan No. 13, Earhart Corporate Center, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to (i) $711,375 of free rent that was included in the Most Recent NOI ($), (ii) Ellis Porter PLC increasing its leased space (from 3,415 square feet to 6,698 square feet) and converting its reimbursement method from gross to NNN, (iii) a newly signed lease with Vision Capital and (iv) newly negotiated renewal rental rates in addition to contractual rent steps. |
With respect to Loan No. 20, Westlake Center, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to Westlake Management Services, Inc’s expansion at the mortgaged property following the lease expiration of a prior tenant. Additionally, UW NOI ($) assumes credit for the present value of Westlake Management Services, Inc’s rent steps throughout the lease term, given its investment grade rating. With respect to Loan No. 21, Home Ranch Health Center, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by rent steps and the rent commencements of Kiddie Academy (18.2% of underwritten base rent), J San Ramen (2.8% of underwritten base rent), and Edward Jones (2.0% of underwritten base rent). With respect to Loan No. 26, 3861 Sepulveda Boulevard, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to (i) the 12-month free rent period for the sole tenant, Westside Family Health Center, that ended on March 31, 2020 and (ii) contractual rent steps through October 31, 2021. With respect to Loan No. 32, 47 Ann, the increase from Most Recent NOI to UW NOI at the mortgaged property is primarily attributable to the mortgaged property achieving 100.0% occupancy. | |
(16) | With respect to all hotel properties the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same. With respect to Loan No. 2, 120 Wall Street, the related mortgaged property is subject to a real estate tax program, between the borrower and the New York State Urban Development Corporation d/b/a Empire State Development, which |
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provides a proportionate reduction in real estate taxes in the form of a payment in lieu of taxes based upon the percentage of space leased to not-for-profit (“NFP”) tenants, provided that the NFP tenants receive the full benefit of the expense reduction as a credit against their rents. See “Description of the Mortgage Pool— Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information. With respect to Loan No. 34, 71 Leonard, the mortgaged property has four rent control units and four market rate units. | |
(17) | The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the UW NOI DSCR and UW NCF DSCR were calculated based on the initial MGM/Mandalay lease annual rent of $292,000,000. The UW NOI DSCR and UW NCF DSCR based on UW NOI and UW NCF are 8.82x and 8.27x, respectively. |
(18) | With respect to Loan No. 3, MGM Grand & Mandalay Bay, the UW NOI Debt Yield and UW NCF Debt Yield were calculated based on the initial MGM/Mandalay lease annual rent of $292,000,000. The UW NOI Debt Yield and UW NCF Debt Yield based on UW NOI and UW NCF are 31.8% and 29.8%, respectively. With respect to Loan No. 21, Home Ranch Health Center, the UW NOI Debt Yield and UW NCF Debt Yield were calculated based on netting a holdback reserve of $2.07 million from the Cut-off Date principal balance of such mortgage loan. The UW NOI Debt Yield and UW NCF Debt Yield of such mortgage loan based on its full Cut-off Date principal balance are 8.2% and 7.8%, respectively. |
(19) | In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest. With respect to Loan No. 2, 120 Wall Street, the borrower sponsor has owned the mortgaged property since 1980 but has deeded the mortgaged property to the New York State Urban Development Corporation d/b/a Empire State Development (“ESD”) and leased it back as the ground lessee in connection with a real estate tax program which provides a proportionate reduction in real estate taxes in the form of a payment in lieu of taxes based upon the percentage of space leased to not-for-profit tenants. The mortgage loan is secured by both the ESD’s fee simple interest and the borrower’s leasehold interest. With respect to Loan No. 19, Amazon Industrial Portfolio, JDM AMZN KC, LLC (the “Kansas Borrower”) acquired the mortgaged property from RELP Turner, LLC, the prior owner and developer of the mortgaged property (the “Developer”), as well as the Developer’s interests in certain industrial revenue bonds and the related documents in order to maintain a 100%, 10-year real property tax abatement relating to the Mortgaged Property through an industrial revenue bond and payment-in-lieu-of-taxes (“PILOT”) program with the Unified Government of Wyandotte County/Kansas City, Kansas (the “Municipality”). The Kansas Borrower is subject to a “Performance Agreement”, which grants the Kansas Borrower a 100% abatement of ad valorem and personal property taxes on the mortgaged property for the period that the related bonds remain outstanding, provided that the Developer pays $5,000 per year in lieu of taxes (the “PILOT Payment”) for the duration of the tax abatement. The Kansas Borrower owns the fee interest in the mortgaged property and leases it to the Municipality pursuant to the PILOT base lease (the (“PILOT Base Lease”), which qualifies the mortgaged property for a tax exemption due to the Municipality’s lessee interest. Concurrently with the PILOT Base Lease, the Municipality leases the mortgaged property back to the Kansas Borrower for its occupancy and use pursuant to the PILOT lease agreement (the “PILOT Lease Agreement”), which provides that the Kansas Borrower’s sole rent obligations are to pay interest and principal on the bonds as they become due. The Kansas Borrower is the sole holder of the bonds. No money changes hands to effect the Kansas Borrower’s rent obligations under the PILOT Lease Agreement because the Kansas Borrower, as owner of the bonds, has waived any actual payment of interest and principal otherwise due under the bonds. |
(20) | With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the Preliminary Prospectus for information related to mortgage loans secured by hotel properties. |
(21) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents. With respect to Loan No. 14, 2665 North First, at origination, and until the borrower delivers the letter of credit to collateralize the OneLin CREM Rent Reserve (as defined in the 2665 North First loan documents), all excess cash flow must be deposited into the OneLin CREM Rent Reserve account on each monthly payment date, subject to a cap on the swept funds of $1,052,268 (the amount of the letter of credit to be delivered). After the letter of credit is delivered, swept funds will be released to the borrower. |
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With respect to Loan No. 16, USAA Plano, the borrower posted a $3,983,876 letter of credit in lieu of the required nThrive lease reserve. With respect to Loan No. 20, Westlake Center, the borrower posted a $6,842,573.60 letter of credit in lieu of the required building improvements reserve, rent reserve, unfunded obligations reserve and debt service reserve. With respect to Loan No. 21, Home Ranch Health Center, the loan is structured with a $2.07 million Holdback Reserve, as described in footnote 13 above. Initial funding net the Holdback Reserve was $18.33 million. With respect to Loan No. 23, 711 Fifth Avenue, the borrower funded $2,000,000 at origination for estimated costs in connection with obtaining a new temporary or permanent certificate of occupancy to replace the temporary certificate of occupancy that expired in November 2019. The borrower obtained a temporary certificate of occupancy that was effective as of March 24, 2020, and the $2,000,000 has been disbursed to the borrower. | |
(22) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents. With respect to Loan No. 7, Point West Portfolio, the borrowers are required to deposit into a rollover reserve, on a monthly basis through December 6, 2025, an amount equal to approximately $58,705. Starting on January 6, 2026, the borrowers are required to deposit into a rollover reserve, on a monthly basis, approximately $73,381. The borrowers are not required to make deposits into the rollover reserve at any time that funds in such reserve equal or exceed $2,250,000.
With respect to Loan No. 15, KW Portfolio, the borrower is required to deposit $10,305.90 into the TI/LC Reserve on each payment date beginning in January 2025.
With respect to Loan No. 15, KW Portfolio, the borrower is required to deposit $1,717.67 into the replacement reserve on each monthly payment date. The lender may reassess its estimate of the amount necessary for the monthly replacement reserve and may require the borrower to increase the monthly deposits upon 30 days’ notice. |
(23) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 13, Earhart Corporate Center, the TI/LC Reserve Cap ($) will increase to $1,500,000 if any amounts attributable to termination proceeds deposited in the TI/LC reserve account (other than termination proceeds received in relation to the XPO Logistics Freight, Inc. lease) are included in the determination of the balance of funds being held in the TI/LC reserve account. With respect to Loan No. 14, 2665 North First, the TI/LC Reserve Cap ($) of $1,000,000 is exclusive of the leasing reserve initial deposit of $1,500,000. With respect to Loan No. 20, Westlake Center, the Other Reserve Cap ($) will increase to $9,910,620 if the long term credit rating of Westlake Chemical Corporation, Inc., the guarantor under the Westlake Management Services, Inc lease, is less than the following ratings from two or more of the noted rating agencies: (i) “BB-” by S&P, (ii) “BB-” by Fitch and (iii) “Ba3” by Moody’s. |
(24) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. In some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 2, 120 Wall Street, the Largest Tenant, Droga5, LLC, subleases approximately 25,910 square feet out the total of 202,396 square feet to Jax Media through June 2029 at a base rental rate of $52.15 per square foot. With respect to Loan No. 2, 120 Wall Street, the 3rd Largest Tenant, AFS-USA, Inc., is currently subleasing 13,076 square feet out of the total of 40,029 square feet to Success Academy Charter School through June 2029 at a base rental rate of $39.00 per square foot. With respect to Loan No. 2, 120 Wall Street, the 5th Largest Tenant, Center for Appellate Litigation, is currently |
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subleasing 8,788 square feet out of the total of 20,535 square feet from American Suicide Foundation through November 2021, at which point Center for Appellate Litigation will pay $58.00 per square foot pursuant to a direct lease thereafter. With respect to Loan No. 13, Earhart Corporate Center, the Largest Tenant, XPO Logistics Freight, Inc., subleases 5,280 square feet of its space at a base rent of $17.85 per square foot to RevSpring, Inc. through July 31, 2022. Underwritten base rent is based on the contractual rent under the prime lease. With respect to Loan No. 15, KW Portfolio, the sole tenant at the 2742 Down Avenue mortgaged property, Memorial Health Services, subleases 100% of its space to Doctor’s Best, Inc. for a term coterminous to the master lease, which expires on December 29, 2029. | |
(25) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates. With respect to Loan No. 11, 333 South Wabash, the 4th Largest Tenant, Akuna Capital LLC, leases 28,466 square feet with a lease expiration of December 31, 2029 and 27,916 square feet with a lease expiration of December 31, 2025. With respect to Loan No. 14, 2665 North First, the Largest Tenant, State of CA, DGS, leases 20,125 square feet of space with a lease expiration of August 31, 2025 and 11,724 square feet of space with a lease expiration of November 30, 2025. |
(26) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases. With respect to Loan No. 2, 120 Wall Street, the 2nd Largest Tenant, Success Academy Charter School, has a one-time right to terminate its lease for the entire premises effective August 2024, with 12 months’ notice and the payment of a termination fee of $3,497,468. With respect to Loan No. 2, 120 Wall Street, the 3rd Largest Tenant, AFS-USA, Inc. has a one-time right to terminate its lease for the entire premises effective June 2024, with 18 months’ prior notices and the payment of a termination fee equal to $2,593,000. With respect to Loan No. 4, 4 West 58th Street, the Largest Tenant, The Neiman Marcus Group LLC. (“Neiman Marcus”) filed bankruptcy under chapter 11 of the Bankruptcy Code on May 7, 2020. On June 6, 2020, Neiman Marcus filed its plan of reorganization and disclosure statement, which was approved by the bankruptcy court on July 30, 2020. On September 25, 2020, Neiman Marcus emerged from bankruptcy. Neiman Marcus has elected to assume its lease at the mortgaged property. With respect to Loan No. 7, Point West Portfolio, the Largest Tenant at the 1610 & 1620 Arden Way property, Social Security Administration, may terminate its lease in whole or in part effective any time after January 2, 2024 by giving at least 90 days’ written notice. The 3rd Largest Tenant at the 1610 &1620 Arden Way property, Covered California, may terminate its lease on or after May 31, 2022 by giving at least 90 days’ written notice. The 4th Largest Tenant at the 1610 & 1620 Arden Way property, Res Systems 3, has a one-time right to terminate its lease on or after July 31, 2024 by giving at least 180 days’ written notice to the borrower. The Largest Tenant at the 1601 Response Road property, CA Health Benefit Exchange, may terminate its lease on or after April 30, 2022 by giving written notice to the borrower with at least 60 days’ notice. The 4th Largest Tenant at the 1601 Response Road property, DGS Speech Pathology, may terminate its lease on or after January 31, 2025 by giving at least 30 days’ written notice to the borrower. With respect to Loan No. 8, Skywater Technology HQ, the sole tenant, Skywater Technology Foundry, Inc., is an affiliate of the borrower. With respect to Loan No. 11, 333 South Wabash, the Largest Tenant, The Northern Trust Company, representing approximately 45.4% of the net rentable area, has the option to contract up to two full floors of its space on August 31 in 2027, 2030 or 2032 upon, among other conditions, (i) 12 months’ notice for the options in 2027 and 2032 and (ii) 18 months’ notice for the option in 2030. The 2nd Largest Tenant, Chicago Housing Authority, representing approximately 18.4% of net rentable area, has a one-time right to terminate its lease effective on December 31, 2031 with 18 months’ prior notice. The 3rd Largest Tenant, Continental Casualty Company, representing approximately 4.7% of net rentable area, has a one-time right to terminate its lease with respect to the fourth floor (28,172 square feet) effective on May 31, 2023 with notice provided by May 31, 2022. |
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With respect to Loan No. 12, Redmond Town Center, the 4th Largest Tenant, Pediatric Associates, Inc. P.S., has grant of preferential use that may allow for 50% rent reduction or termination after 12 months if a pediatric competitor leases space on the second floor of Building A. | |
With respect to Loan No. 13, Earhart Corporate Center, the Largest Tenant, XPO Logistics Freight, Inc. has the right to contract its space by vacating the 8,673 square feet located on the first floor. XPO Logistics Freight, Inc. may retain the space by providing written notice no later than May 31, 2022. If the contraction option is exercised, the base rent will increase to $2,281,805. The 4th Largest Tenant, Ellis Porter PLC has a one-time right to terminate its lease with respect to the entire premises effective February 2023, with 180 days’ prior notice and payment of a termination fee equal to any unamortized leasing costs. With respect to Loan No. 14, 2665 North First, the Largest Tenant, State of CA, DGS, has the right to terminate its lease with respect to approximately 20,125 square feet of its space at any time effective on or after August 31, 2017, and with respect to approximately 11,724 square feet of its space at any time effective on or after November 30, 2021, by giving written notice to the lessor at least 30 days prior to the date when such termination will become effective. With respect to Loan No. 14, 2665 North First, the 2nd Largest Tenant, OneSpace, representing approximately 19.4% of the net rentable area, and the seventh largest tenant, OneLin Capital Corp, representing approximately 2.9% of the net rentable area, are affiliates of the borrowers and borrower sponsors. With respect to Loan No. 27, Pell City Shopping Center, the Largest Tenant, Martin’s Family Clothing, has a one-time right to terminate its lease in the event gross sales for the 12-month period from January 2022 through December 2022 do not exceed $4,000,000, provided Martin’s Family Clothing (a) delivers to the landlord a written termination notice and a statement of gross sales for such period on or before January 30, 2023 and (b) pays a termination fee equal to any unamortized brokerage commissions amortized on a straight-line basis over five years. If Martin’s Family Clothing terminates its lease, Martin’s Family Clothing is still required to stay in the shopping center for 180 days after exercising its termination option and to pay a minimum rent of $15,833.34 per month plus any additional rent during such 180 day period. Martin’s Family Clothing also has a one-time right to terminate its lease in the event that Bill Wakefield, an owner and the CEO of Martin’s Family Clothing, dies or becomes permanently incapacitated. Martin’s Family Clothing may exercise such termination right by delivering to the borrower a written termination notice within 60 days following such death or permanent incapacitation. The related termination date will be the date that is three months after the date of the written termination notice. As a condition to such termination, Martin’s Family Clothing must pay to the borrower a termination fee equal to any unamortized tenant improvement allowance amortized on a straight-line basis over five years, plus $20,000. With respect to Loan No. 28, Tesla Service Center of Chicago, the sole tenant, Tesla, Inc. has a potential termination option if there is a “material interference” lasting for more than 120 consecutive days, which is (i) an interruption of utilities (including without limitation, water, power, telecommunications) or access to the premises which prevents Tesla, Inc. from using all or a portion of the premises, or (ii) a landlord default, which, in either case, renders all or part of the premises unusable by the tenant for the permitted use or causes Tesla’s sales to be reduced by 50% or more, and prevents Tesla, Inc. from using all or a portion of the premises by delivering 30 days’ prior written notice to the borrower. Such material interference must be caused by the negligence or misconduct of the landlord or be due to the borrower’s breach of its obligation to assist Tesla, Inc. in curing the material interference. | |
(27) | In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the guarantors’ liability for full recourse events is several and not joint, and is capped at an amount equal to 10% of the aggregate outstanding principal balance of the MGM Grand & Mandalay Bay whole loan as of the date of the event. In addition, only the related borrowers are liable for breaches of environmental covenants; provided, however, that if the related borrowers fail to maintain an environmental insurance policy required under the MGM Grand & Mandalay Bay whole loan documents, the guarantor will be liable for losses other than (x) for any amounts in excess of the applicable coverage amounts under the environmental policy had the same been renewed, replaced or extended as required under the loan agreement and (y) for any amounts recovered under the environmental policy. In addition, recourse for transfers of the MGM Grand & Mandalay Bay mortgaged properties or controlling equity interests in the related borrowers is loss recourse, rather than full recourse. With respect to Loan No. 6, Coleman Highline, the nonrecourse carve-out guarantors, Sansome Guarantor LLC and LDH, LLC are liable on a several basis, at 95% and 5%, respectively. Along with the borrower and related lender, |
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Sansome Guarantor LLC and LDH, LLC entered into an environmental indemnity agreement upon loan origination; pursuant to which, the indemnitee agreed not to seek recourse for any indemnified matters against Sansome Guarantor LLC and LDH, LLC to the extent the applicable matters (the “Indemnified Obligations”) are either covered pursuant to the environmental insurance policy required pursuant to Coleman Highline whole loan documents (the “PLL Insurance”) or are the obligation of the former occupant at the Coleman Highline mortgaged property, and such former occupant is in compliance with the operative documents requiring its adherence to certain environmental covenants, obligations and restrictions applicable to the Coleman Highline mortgaged property (said covenants, obligations, and restrictions, the “Prior Owner Documents”). Notwithstanding the foregoing, Sansome Guarantor LLC and LDH, LLC will become fully liable for the foregoing Indemnified Obligations in the event that either: (a) Sansome Guarantor LLC and LDH, LLC fail to diligently pursue payment and satisfaction of the Indemnified Obligations under the PLL Insurance and/or the Prior Owner Documents (as applicable) or (b) the Indemnified Obligations are not paid and satisfied by the insurance company providing the PLL Insurance or the applicable party pursuant to the Prior Owner Documents, in either case for any reason whatsoever, within 180 days of the indemnitee making demand of Sansome Guarantor LLC and LDH, LLC for the applicable Indemnified Obligation(s). With respect to Loan No. 7, Point West Portfolio, the non-recourse carveout guarantors are Matthew T. White, Deborah Dedomenico and Gary D. Nelson. The non-recourse carveout guaranties and environmental indemnities executed by each of Deborah Dedomenico and Gary D. Nelson are limited to certain events caused by such guarantor’s related tenant-in-common borrower, or, in certain cases, by such guarantor or its affiliates. With respect to Loan No. 9, Agellan Portfolio, the aggregate liability of the Guarantor with respect to the matters that constitute full recourse carveouts (each, a “Full Recourse Event”) under the Agellan Portfolio whole loan documents may not exceed an amount equal to (x) 20% of the outstanding principal balance of the Agellan Portfolio whole loan as of the first occurrence of a Full Recourse Event plus (y) any and all reasonable third–party costs incurred by the lender (including reasonable and out–of–pocket attorney’s fees and costs) in connection with the enforcement of the Full Recourse Event thereunder and the collection of amounts due thereunder. | |
With respect to Loan No. 23, 711 Fifth Avenue, the related mortgage loan does not have a separate principal / carveout guarantor, and each of the related borrowers is the only indemnitor under the related environmental indemnity agreement. Please see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations” in the Preliminary Prospectus for additional information. | |
(28) | The classification of the lockbox and cash management types is described in the Preliminary Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details. |
(29) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness” and “—Other Indebtedness” and “Certain Legal Aspects of the Mortgage Loans” in the Preliminary Prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the related borrowers have a one-time right to borrow a mezzanine loan subordinate to the MGM Grand & Mandalay Bay whole loan, subject to credit and legal criteria specified in the MGM Grand & Mandalay Bay whole 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 MGM Grand & Mandalay Bay whole loan and the initial principal amount of the mezzanine loan) of 67.0%, (ii) a debt service coverage ratio at the closing of the mezzanine loan at least equal to 4.81x, in each case, inclusive of the additional mezzanine debt and (iii) an intercreditor agreement reasonably satisfactory to the lender. The lender’s receipt of a rating agency confirmation will not be required in connection with the mezzanine loan. With respect to Loan No. 17, The Hub, there is subordinate mortgage financing on the mortgaged property in favor of the New York City Economic Development Corporation in the original principal amount of $4,000,000 (the “NYCEDC Loan”), of which $2,560,000 is outstanding as of the Cut-off Date. The NYCEDC Loan has an amortization period of 25 years, an interest rate of 0% per annum, and requires annual payments of $160,000 for the term of the NYCEDC Loan. The scheduled maturity date of the NYCEDC Loan is the payment date in October 2036. UW NOI DSCR, UW NCF DSCR, UW NOI Debt Yield %, UW NCF Debt Yield %, Current LTV %, Maturity LTV % and Original Balance per Unit ($) calculations include the related Pari Passu Companion Loan but exclude the related subordinate debt represented by the NYCEDC Loan. See “Description of the Mortgage Loans – Other Indebtedness” in the Preliminary Prospectus. |
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