FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226850-04 | ||
BBCMS 2019-C5 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-226850) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Barclays Capital Inc., KeyBanc Capital Markets Inc., Natixis Securities Americas LLC, SG Americas Securities, LLC, Bancroft Capital, LLC and Academy Securities, Inc., or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis. The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials. The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Street Address | City | State | Zip Code | Property Type(2) | Property Sub-type | Year Built | Year Renovated | Units(3) | Unit of Measure | Occupancy %(3)(4) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | 2,195,042 | Square Feet | 100.0% |
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | 27027 Tourney Road | Santa Clarita | CA | 91355 | Office | R&D Lab | 2004 | 222,193 | Square Feet | 100.0% | |
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | 9001 Liberty Parkway | Birmingham | AL | 35242 | Office | Suburban | 2018 | 199,305 | Square Feet | 100.0% | |
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | 1010 North Saint Mary’s Street | San Antonio | TX | 78215 | Office | CBD | 1961 | 401,516 | Square Feet | 100.0% | |
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | 4343 Wyoming Avenue | Dearborn | MI | 48126 | Industrial | Manufacturing | 1959 | 2016 | 220,000 | Square Feet | 100.0% |
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | 8247 Pittsburg Avenue Northwest | North Canton | OH | 44720 | Industrial | Manufacturing | 2019 | 107,500 | Square Feet | 100.0% | |
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | 8350 Sunlight Drive | Fishers | IN | 46037 | Office | Suburban | 2017 | 80,000 | Square Feet | 100.0% | |
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | 317 East Roy Furman Highway | Waynesburg | PA | 15370 | Industrial | Warehouse/Distribution | 1985 | 127,135 | Square Feet | 100.0% | |
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | 909 East State Road 54 | Bloomfield | IN | 47424 | Industrial | Manufacturing | 1986 | 234,377 | Square Feet | 100.0% | |
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | 7814 Magnolia Industrial Boulevard | Tifton | GA | 31794 | Industrial | Warehouse/Distribution | 1992 | 2000 | 214,757 | Square Feet | 100.0% |
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | 200 Union Grove Road | Calhoun | GA | 30701 | Industrial | Warehouse/Distribution | 2000 | 2007 | 275,500 | Square Feet | 100.0% |
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | 6013 Horsemans Drive | Lake Charles | LA | 70615 | Industrial | Warehouse/Distribution | 2009 | 2014 | 76,039 | Square Feet | 100.0% |
1.12 | Property | KeyBank | 1 | Cummins, Inc. | 2600 East 2nd Street | Gillette | WY | 82718 | Industrial | Manufacturing | 2008 | 36,720 | Square Feet | 100.0% | |
2 | Both | SGFC | 1 | Presidential City | 3800, 3850, 3950 City Avenue and 3600 Neill Drive | Philadelphia | PA | 19131 | Multifamily | High Rise | 1952 | 2017 | 1,015 | Units | 94.5% |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | 8973 Bay Parkway | Brooklyn | NY | 11214 | Retail | Anchored | 1957 | 2018 | 301,300 | Square Feet | 97.8% |
4 | Both | Natixis | 1 | NEMA San Francisco | 8 10th Street | San Francisco | CA | 94103 | Multifamily | High Rise | 2013 | 754 | Units | 94.0% | |
5 | Both | RMF | 1 | Equinix Data Center | 755 & 800 Secaucus Road and 105 Enterprise Avenue | Secaucus | NJ | 07094 | Leased Fee | Leased Fee | NAP | NAP | 663,621 | Square Feet | 100.0% |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various | 17,278 | Units | 91.3% |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | 5491 Plaza Drive | Flowood | MS | 39232 | Self Storage | Self Storage | 2000 | 2016 | 1,006 | Units | 93.5% |
6.02 | Property | KeyBank | 1 | Life Storage - 145 | 140 Centennial Boulevard | Richardson | TX | 75081 | Self Storage | Self Storage | 1985 | 929 | Units | 92.2% | |
6.03 | Property | KeyBank | 1 | Life Storage - 364 | 130 Centre Street | Ridgeland | MS | 39157 | Self Storage | Self Storage | 1997 | 698 | Units | 92.3% | |
6.04 | Property | KeyBank | 1 | Life Storage - 365 | 5111 I-55 North | Jackson | MS | 39206 | Self Storage | Self Storage | 2003 | 676 | Units | 95.3% | |
6.05 | Property | KeyBank | 1 | Life Storage - 212 | 313 Guilbeau Road | Lafayette | LA | 70506 | Self Storage | Self Storage | 1994 | 2005 | 655 | Units | 91.0% |
6.06 | Property | KeyBank | 1 | Life Storage - 386 | 4155 Fairway Plaza Drive | Pasadena | TX | 77505 | Self Storage | Self Storage | 2000 | 613 | Units | 90.9% | |
6.07 | Property | KeyBank | 1 | Life Storage - 256 | 2280 East Main Street | League City | TX | 77573 | Self Storage | Self Storage | 1992 | 2003 | 553 | Units | 93.3% |
6.08 | Property | KeyBank | 1 | Life Storage - 206 | 5110 Franz Road | Katy | TX | 77493 | Self Storage | Self Storage | 1994 | 626 | Units | 92.2% | |
6.09 | Property | KeyBank | 1 | Life Storage - 324 | 2860 Northeast Evangeline Throughway | Lafayette | LA | 70507 | Self Storage | Self Storage | 1995 | 2016 | 819 | Units | 93.7% |
6.10 | Property | KeyBank | 1 | Life Storage - 236 | 7437 Garners Ferry Road | Columbia | SC | 29209 | Self Storage | Self Storage | 1981 | 2007 | 887 | Units | 82.6% |
6.11 | Property | KeyBank | 1 | Life Storage - 184 | 5961 I-55 North | Jackson | MS | 39213 | Self Storage | Self Storage | 1995 | 416 | Units | 91.1% | |
6.12 | Property | KeyBank | 1 | Life Storage - 500 | 6000 Garners Ferry Road and 1417 Atlas Road | Columbia | SC | 29209 | Self Storage | Self Storage | 1977, 2004 | 463 | Units | 95.7% | |
6.13 | Property | KeyBank | 1 | Life Storage - 288 | 32777 State Highway 249 | Pinehurst | TX | 77362 | Self Storage | Self Storage | 2003 | 493 | Units | 89.2% | |
6.14 | Property | KeyBank | 1 | Life Storage - 299 | 203 Albertson Parkway | Broussard | LA | 70518 | Self Storage | Self Storage | 2002 | 2007 | 662 | Units | 91.8% |
6.15 | Property | KeyBank | 1 | Life Storage - 209 | 2207 West Pinhook Road | Lafayette | LA | 70508 | Self Storage | Self Storage | 1992 | 2014 | 503 | Units | 93.0% |
6.16 | Property | KeyBank | 1 | Life Storage - 035 | 10020 Two Notch Road | Columbia | SC | 29223 | Self Storage | Self Storage | 1989 | 2013 | 595 | Units | 90.8% |
6.17 | Property | KeyBank | 1 | Life Storage - 074 | 6011 I-55 North | Jackson | MS | 39213 | Self Storage | Self Storage | 1990 | 491 | Units | 89.4% | |
6.18 | Property | KeyBank | 1 | Life Storage - 252 | 1606 Plantation Road | Dallas | TX | 75235 | Self Storage | Self Storage | 1985 | 504 | Units | 92.1% | |
6.19 | Property | KeyBank | 1 | Life Storage - 033 | 7403 Parklane Road | Columbia | SC | 29223 | Self Storage | Self Storage | 1987 | 423 | Units | 91.3% | |
6.20 | Property | KeyBank | 1 | Life Storage - 205 | 4000 North West Street | Jackson | MS | 39206 | Self Storage | Self Storage | 1984 | 477 | Units | 87.8% | |
6.21 | Property | KeyBank | 1 | Life Storage - 300 | 4706 West Congress Street | Lafayette | LA | 70506 | Self Storage | Self Storage | 1997 | 2007 | 557 | Units | 90.7% |
6.22 | Property | KeyBank | 1 | Life Storage - 026 | 3511 South Holden Road | Greensboro | NC | 27407 | Self Storage | Self Storage | 1985 | 2008 | 535 | Units | 91.6% |
6.23 | Property | KeyBank | 1 | Life Storage - 361 | 421 Classic Drive | Hattiesburg | MS | 39402 | Self Storage | Self Storage | 1998 | 364 | Units | 95.3% | |
6.24 | Property | KeyBank | 1 | Life Storage - 165 | 5810 West Gate City Boulevard | Greensboro | NC | 27407 | Self Storage | Self Storage | 1993 | 2000 | 461 | Units | 94.4% |
6.25 | Property | KeyBank | 1 | Life Storage - 208 | 2310 West Pinhook Road | Lafayette | LA | 70508 | Self Storage | Self Storage | 1980 | 483 | Units | 91.3% | |
6.26 | Property | KeyBank | 1 | Life Storage - 211 | 2888 Northeast Evangeline Throughway | Lafayette | LA | 70507 | Self Storage | Self Storage | 1977 | 2005 | 392 | Units | 91.8% |
6.27 | Property | KeyBank | 1 | Life Storage - 021 | 2648 Two Notch Road | Columbia | SC | 29204 | Self Storage | Self Storage | 1988 | 391 | Units | 83.9% | |
6.28 | Property | KeyBank | 1 | Life Storage - 298 | 300 Westgate Road | Lafayette | LA | 70506 | Self Storage | Self Storage | 2001 | 2004 | 397 | Units | 89.9% |
6.29 | Property | KeyBank | 1 | Life Storage - 297 | 5922 Cameron Street | Scott | LA | 70583 | Self Storage | Self Storage | 1997 | 329 | Units | 92.7% | |
6.30 | Property | KeyBank | 1 | Life Storage - 153 | 118 Stage Coach Trail | Greensboro | NC | 27409 | Self Storage | Self Storage | 1996 | 2001 | 291 | Units | 89.0% |
6.31 | Property | KeyBank | 1 | Life Storage - 075 | 2947 McDowell Road Extension | Jackson | MS | 39204 | Self Storage | Self Storage | 1988 | 304 | Units | 87.2% | |
6.32 | Property | KeyBank | 1 | Life Storage - 152 | 4207 Hilltop Road | Greensboro | NC | 27407 | Self Storage | Self Storage | 1995 | 2000 | 285 | Units | 91.2% |
7 | Both | Natixis | 1 | Uline Arena | 1140 3rd Street Northeast | Washington | DC | 20002 | Mixed Use | Office/Retail | 1945 | 2016-2017 | 248,381 | Square Feet | 92.1% |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 10000 Santa Monica Boulevard | Los Angeles | CA | 90067 | Multifamily | High Rise | 2016 | 281 | Units | 89.0% | |
9 | Both | Natixis | 1 | 765 Broad Street | 765 Broad Street | Newark | NJ | 07102 | Office | CBD | 1950 | 2017-2019 | 209,671 | Square Feet | 100.0% |
10 | Both | KeyBank | 1 | Rivertop Apartments | 5800 River Road | Nashville | TN | 37209 | Multifamily | Garden | 2019 | 224 | Units | 90.2% | |
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 2907 Main Street | Brewster | MA | 02631 | Hotel | Full Service | 1890, 1912, 1986, 1998, 2009 | 2007-2019 | 337 | Rooms | 41.5% |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | 45195 & 45200 Business Court | Sterling | VA | 20166 | Office | Suburban | 2000 | 179,864 | Square Feet | 100.0% | |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | 2078 East Beltline Avenue Northeast | Grand Rapids | MI | 49525 | Retail | Anchored | 2011-2019 | 143,287 | Square Feet | 91.0% | |
14 | Both | Barclays | 1 | 200 North Warner Road | 200 North Warner Road | King of Prussia | PA | 19406 | Office | Suburban | 1982 | 2017 | 164,157 | Square Feet | 85.1% |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | 1190 Discovery Way and 900 5th Avenue | Sunnyvale | CA | 94089 | Office | Suburban | 2019 | 701,266 | Square Feet | 100.0% | |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | Various | Various | NY | Various | Self Storage | Self Storage | Various | 1,908 | Units | 97.8% | |
16.01 | Property | RMF | 1 | Bohemia Self Storage | 911 Lincoln Avenue and 868 Lincoln Avenue | Holbrook, Bohemia | NY | 11741 | Self Storage | Self Storage | 2001, 2004 | 1,209 | Units | 97.1% | |
16.02 | Property | RMF | 1 | Bay Shore Self Storage | 99 Pine Aire Drive | Bay Shore | NY | 11706 | Self Storage | Self Storage | 1998 | 699 | Units | 99.0% | |
17 | Both | Barclays | 1 | One Main Plaza | 2200 Main Street | Wailuku | HI | 96793 | Office | CBD | 1989 | 2013 | 83,082 | Square Feet | 89.7% |
18 | Both | SGFC | 1 | Crocs Distribution Center | 10391 Dog Leg Road | Vandalia | OH | 45377 | Industrial | Warehouse/Distribution | 2019 | 555,251 | Square Feet | 100.0% | |
19 | Both | Natixis | 1 | Walgreens South Beach | 509 Collins Avenue | Miami Beach | FL | 33139 | Retail | Freestanding | 1995 | 2008 | 22,857 | Square Feet | 100.0% |
20 | Both | Natixis | 1 | SpringHill Suites Newark | 402 Ogletown Road | Newark | DE | 19711 | Hotel | Select Service | 2018 | 132 | Rooms | 70.9% | |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | 2870 Los Feliz Place | Los Angeles | CA | 90039 | Self Storage | Self Storage | 1978 | 3,124 | Units | 92.7% |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Street Address | City | State | Zip Code | Property Type(2) | Property Sub-type | Year Built | Year Renovated | Units(3) | Unit of Measure | Occupancy %(3)(4) |
22 | Loan | SGFC | 2 | Bison Portfolio | Various | Fayetteville | AR | 72703 | Retail | Anchored | Various | 397,907 | Square Feet | 97.4% | |
22.01 | Property | SGFC | 1 | Spring Creek | 464 East Joyce Boulevard | Fayetteville | AR | 72703 | Retail | Anchored | 1995 | 261,008 | Square Feet | 96.5% | |
22.02 | Property | SGFC | 1 | Steele Crossing | 3533 Shiloh Drive | Fayetteville | AR | 72703 | Retail | Anchored | 2002 | 136,899 | Square Feet | 99.0% | |
23 | Both | SGFC | 1 | 145 Spring Street | 145 Spring Street | New York | NY | 10012 | Mixed Use | Multifamily/Retail/Office | 1910 | 2018 | 5 | Units | 100.0% |
24 | Both | KeyBank | 1 | North Heights Plaza | 8160-8436 Old Troy Pike and 5545-5555 Executive Boulevard | Huber Heights | OH | 45424 | Retail | Anchored | 1990 | 182,299 | Square Feet | 96.1% | |
25 | Both | Barclays | 1 | Southchase Village | 12301-12479 South Orange Blossom Trail | Orlando | FL | 32837 | Retail | Anchored | 1990 | 228,615 | Square Feet | 87.4% | |
26 | Both | Barclays | 1 | Scottsdale Gateway II | 8901 East Mountain View Road | Scottsdale | AZ | 85258 | Office | Suburban | 1998 | 107,888 | Square Feet | 90.8% | |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | Various | Various | Various | Various | Retail | Freestanding | Various | Various | 153,806 | Square Feet | 100.0% |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | 5320 Clinton Highway | Knoxville | TN | 37912 | Retail | Freestanding | 2000 | 14,112 | Square Feet | 100.0% | |
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | 9 West Mitchell Avenue | Cincinnati | OH | 45217 | Retail | Freestanding | 2000 | 14,490 | Square Feet | 100.0% | |
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | 1804 North Jefferson Street | Huntington | IN | 46750 | Retail | Freestanding | 2000 | 15,125 | Square Feet | 100.0% | |
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | 7470 Sawmill Road | Dublin | OH | 43016 | Retail | Freestanding | 1999 | 10,086 | Square Feet | 100.0% | |
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | 1221 Lexington Avenue | Ashland | KY | 41101 | Retail | Freestanding | 1999 | 11,240 | Square Feet | 100.0% | |
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | 1130 South Arlington Street | Akron | OH | 44306 | Retail | Freestanding | 1994 | 13,500 | Square Feet | 100.0% | |
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | 1158 Wilmington Avenue | Dayton | OH | 45420 | Retail | Freestanding | 1998 | 11,180 | Square Feet | 100.0% | |
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | 31 East Valley Drive | Bristol | VA | 24201 | Retail | Freestanding | 1999 | 10,251 | Square Feet | 100.0% | |
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | 3030 West State Street | Bristol | TN | 37620 | Retail | Freestanding | 1999 | 10,200 | Square Feet | 100.0% | |
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | 4385 Hereford Farm Road | Evans | GA | 30809 | Retail | Freestanding | 1999 | 10,125 | Square Feet | 100.0% | |
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | 517 North Green Street | Henderson | KY | 42420 | Retail | Freestanding | 1996 | 2013 | 11,385 | Square Feet | 100.0% |
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | 4601 US Highway 220 | Summerfield | NC | 27358 | Retail | Freestanding | 1999 | 10,112 | Square Feet | 100.0% | |
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | 1851 East State Street | Hermitage | PA | 16148 | Retail | Freestanding | 1951 | 12,000 | Square Feet | 100.0% | |
28 | Both | Barclays | 1 | The Firebrand Hotel | 650 East 3rd Street | Whitefish | MT | 59937 | Hotel | Full Service | 2016 | 86 | Rooms | 75.6% | |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | Various | Various | DE | Various | Retail | Anchored | Various | Various | 112,856 | Square Feet | 92.8% |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | 28253 Lexus Drive | Milford | DE | 19963 | Retail | Anchored | 2012 | 2016 | 79,523 | Square Feet | 91.1% |
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | 2651 Capitol Trail | Newark | DE | 19711 | Retail | Anchored | 1963 | 2007 | 33,333 | Square Feet | 96.8% |
30 | Both | KeyBank | 1 | Providence Pavilion | 1025 Veterans Memorial Highway Southeast | Mableton | GA | 30126 | Retail | Anchored | 2004 | 95,085 | Square Feet | 92.4% | |
31 | Both | KeyBank | 1 | Extra Space - McLean | 1315 Beverly Road | McLean | VA | 22101 | Self Storage | Self Storage | 2012 | 599 | Units | 93.0% | |
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | 2725 John Hawkins Parkway | Hoover | AL | 35244 | Hotel | Extended Stay | 2008 | 2016 | 118 | Rooms | 85.5% |
33 | Both | BSPRT | 1 | Aloft Dulles North | 22390 Flagstaff Plaza | Ashburn | VA | 20148 | Hotel | Select Service | 2008 | 136 | Rooms | 75.8% | |
34 | Both | RMF | 1 | Kohl’s Highland Heights | 6245 Wilson Mills Road | Highland Heights | OH | 44143 | Retail | Freestanding | 1995 | 2018 | 80,371 | Square Feet | 100.0% |
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | 12231 North 19th Street | Phoenix | AZ | 85022 | Multifamily | Garden | 1985 | 180 | Units | 99.4% | |
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | 115 Interstate West Parkway | Lithia Springs | GA | 30122 | Hotel | Extended Stay | 2018 | 92 | Rooms | 77.5% | |
37 | Both | BSPRT | 1 | Beau Terre Apartments | 920 Twin Bridges Road | Alexandria | LA | 71303 | Multifamily | Garden | 1986 | 168 | Units | 95.8% | |
38 | Both | Natixis | 1 | Westar Place | 600 North Cleveland Avenue | Westerville | OH | 43082 | Office | Suburban | 2006 | 93,519 | Square Feet | 98.1% | |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | 721 Wabash Avenue | Terre Haute | IN | 47807 | Hotel | Extended Stay | 2008 | 2018-2019 | 97 | Rooms | 78.5% |
40 | Both | Barclays | 1 | Hen House Marketplace | 14900 West 87th Street Parkway | Lenexa | KS | 66216 | Retail | Anchored | 1984 | 89,097 | Square Feet | 98.7% | |
41 | Both | Barclays | 1 | North Plains Self Storage | 29785 Northwest West Union Road | North Plains | OR | 97133 | Self Storage | Self Storage | 2007 | 2016 | 785 | Units | 90.7% |
42 | Both | Barclays | 1 | The Burgundy | 11911 Marsh Lane | Dallas | TX | 75234 | Multifamily | Garden | 1972 | 111 | Units | 98.2% | |
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | 275 East Ocotillo Road | Chandler | AZ | 85249 | Self Storage | Self Storage | 2008 | 720 | Units | 91.5% | |
44 | Both | Barclays | 1 | Vineland Leased Fee | 8707, 8735 and 8761 Vineland Avenue | Orlando | FL | 32821 | Leased Fee | Leased Fee | NAP | NAP | 31,678 | Square Feet | 100.0% |
45 | Both | RMF | 1 | Stor & Go Self Storage | 2350 Boston Road | Wilbraham | MA | 01095 | Self Storage | Self Storage | 2015 | 552 | Units | 91.5% | |
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | 1002 Highway 53 East | Calhoun | GA | 30701 | Hotel | Limited Service | 2014 | 73 | Rooms | 74.9% | |
47 | Both | Barclays | 1 | Oak Brook Apartments | 700 North Spence Avenue | Goldsboro | NC | 27534 | Multifamily | Garden | 1982 | 2019 | 100 | Units | 97.0% |
48 | Both | SGFC | 1 | LA Fitness Spring | 3570 Harmony Commons Drive | Spring | TX | 77386 | Retail | Freestanding | 2019 | 34,000 | Square Feet | 100.0% | |
49 | Loan | Natixis | 4 | Vanguard Portfolio | Various | Malvern | PA | 19355 | Office | Suburban | Various | Various | 568,658 | Square Feet | 100.0% |
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | 425 Old Morehall Road | Malvern | PA | 19355 | Office | Suburban | 2014 | 201,658 | Square Feet | 100.0% | |
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | 1001 Cedar Hollow Road | Malvern | PA | 19355 | Office | Suburban | 1998 | 2017 | 133,000 | Square Feet | 100.0% |
49.03 | Property | Natixis | 1 | 50 Morehall Road | 50 Morehall Road | Malvern | PA | 19355 | Office | Suburban | 1997 | 2014 | 117,000 | Square Feet | 100.0% |
49.04 | Property | Natixis | 1 | 60 Morehall Road | 60 Morehall Road | Malvern | PA | 19355 | Office | Suburban | 1989 | 2015 | 117,000 | Square Feet | 100.0% |
50 | Both | RMF | 1 | Xtra Room Self Storage | 100 Von Roll Drive | Schenectady | NY | 12306 | Self Storage | Self Storage | 2006 | 401 | Units | 97.0% | |
51 | Both | RMF | 1 | Marval Plaza | 4201 South McColl Road and 3020 West Trenton Road | Edinburg | TX | 78539 | Retail | Unanchored | 2015, 2016 | 15,787 | Square Feet | 100.0% | |
52 | Both | BSPRT | 1 | Brownsville Plaza | 5239-5255 Brownsville Road | Pittsburgh | PA | 15236 | Retail | Anchored | 1953 | 2012 | 33,895 | Square Feet | 100.0% |
53 | Both | KeyBank | 1 | Lake Bluff Village | 401 Kenneally Boulevard | Gladstone | MI | 49837 | Manufactured Housing | Manufactured Housing | 1998 | 100 | Pads | 92.0% | |
54 | Both | BSPRT | 1 | Sandstone Apartments | 12800 West Nine Mile Road | Oak Park | MI | 48237 | Multifamily | Garden | 1964 | 2018-2019 | 46 | Units | 97.8% |
55 | Both | KeyBank | 1 | Bayfield MHP | 1591 County Road 526 | Bayfield | CO | 81122 | Manufactured Housing | Manufactured Housing | 2001 | 37 | Pads | 100.0% |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Occupancy Date | Appraised Value ($)(5) | Appraisal Date | Crossed Loan | Original Balance ($)(6)(7) | Current Balance ($)(6)(7) | Current Balance per Unit ($) | % of Initial Pool Balance | Current LTV (%)(5) | Maturity/ARD Balance ($)(6)(7) | Maturity/ARD LTV (%)(5) | Interest Rate % | Admin. Fee %(8) | Net Mortgage Rate % |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | 09/12/2019 | 370,310,000 | 09/12/2019 | No | 66,000,000 | 66,000,000 | 93 | 6.6% | 55.1% | 66,000,000 | 55.1% | 3.65000 | 0.01949 | 3.63051 |
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | 09/12/2019 | 103,300,000 | 07/30/2019 | 18,069,502 | 18,069,502 | 93 | 1.8% | 55.1% | 18,069,502 | 55.1% | 3.65000 | |||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | 09/12/2019 | 76,900,000 | 07/25/2019 | 13,290,238 | 13,290,238 | 93 | 1.3% | 55.1% | 13,290,238 | 55.1% | 3.65000 | |||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | 09/12/2019 | 70,600,000 | 07/24/2019 | 12,138,226 | 12,138,226 | 93 | 1.2% | 55.1% | 12,138,226 | 55.1% | 3.65000 | |||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | 09/12/2019 | 16,800,000 | 07/24/2019 | 3,463,714 | 3,463,714 | 93 | 0.3% | 55.1% | 3,463,714 | 55.1% | 3.65000 | |||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | 09/12/2019 | 17,700,000 | 07/25/2019 | 3,314,350 | 3,314,350 | 93 | 0.3% | 55.1% | 3,314,350 | 55.1% | 3.65000 | |||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | 09/12/2019 | 16,400,000 | 07/24/2019 | 3,277,459 | 3,277,459 | 93 | 0.3% | 55.1% | 3,277,459 | 55.1% | 3.65000 | |||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | 09/12/2019 | 13,700,000 | 07/30/2019 | 2,721,560 | 2,721,560 | 93 | 0.3% | 55.1% | 2,721,560 | 55.1% | 3.65000 | |||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | 09/12/2019 | 10,810,000 | 07/26/2019 | 2,271,265 | 2,271,265 | 93 | 0.2% | 55.1% | 2,271,265 | 55.1% | 3.65000 | |||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | 09/12/2019 | 11,500,000 | 07/29/2019 | 2,246,025 | 2,246,025 | 93 | 0.2% | 55.1% | 2,246,025 | 55.1% | 3.65000 | |||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | 09/12/2019 | 10,100,000 | 07/25/2019 | 1,994,293 | 1,994,293 | 93 | 0.2% | 55.1% | 1,994,293 | 55.1% | 3.65000 | |||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | 09/12/2019 | 9,800,000 | 07/25/2019 | 1,851,632 | 1,851,632 | 93 | 0.2% | 55.1% | 1,851,632 | 55.1% | 3.65000 | |||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | 09/12/2019 | 7,100,000 | 07/23/2019 | 1,361,734 | 1,361,734 | 93 | 0.1% | 55.1% | 1,361,734 | 55.1% | 3.65000 | |||
2 | Both | SGFC | 1 | Presidential City | 07/26/2019 | 380,000,000 | 08/29/2019 | No | 45,000,000 | 45,000,000 | 115,271 | 4.5% | 30.8% | 45,000,000 | 30.8% | 3.49816176470588 | 0.01074 | 3.48742176470588 |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | 10/02/2019 | 170,000,000 | 07/02/2019 | No | 42,000,000 | 42,000,000 | 290 | 4.2% | 51.5% | 42,000,000 | 51.5% | 3.01500 | 0.01199 | 3.00301 |
4 | Both | Natixis | 1 | NEMA San Francisco | 01/14/2019 | 543,600,000 | 12/13/2018 | No | 40,000,000 | 40,000,000 | 271,883 | 4.0% | 37.7% | 40,000,000 | 37.7% | 4.43598540291971 | 0.01074 | 4.42524540291971 |
5 | Both | RMF | 1 | Equinix Data Center | 09/20/2019 | 201,000,000 | 08/08/2019 | No | 40,000,000 | 40,000,000 | 151 | 4.0% | 49.8% | 40,000,000 | 49.8% | 3.30000 | 0.01199 | 3.28801 |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | 06/05/2019 | 225,000,000 | 06/28/2019 | No | 37,000,000 | 37,000,000 | 8,051 | 3.7% | 61.8% | 31,856,194 | 53.2% | 3.80900 | 0.01949 | 3.78951 |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | 06/05/2019 | 15,400,000 | 06/06/2019 | 2,683,939 | 2,683,939 | 8,051 | 0.3% | 61.8% | 2,310,813 | 53.2% | 3.80900 | |||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | 06/05/2019 | 12,400,000 | 06/07/2019 | 2,178,521 | 2,178,521 | 8,051 | 0.2% | 61.8% | 1,875,659 | 53.2% | 3.80900 | |||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | 06/05/2019 | 12,400,000 | 06/06/2019 | 2,161,731 | 2,161,731 | 8,051 | 0.2% | 61.8% | 1,861,203 | 53.2% | 3.80900 | |||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | 06/05/2019 | 12,000,000 | 06/06/2019 | 2,091,380 | 2,091,380 | 8,051 | 0.2% | 61.8% | 1,800,633 | 53.2% | 3.80900 | |||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | 06/05/2019 | 10,400,000 | 06/13/2019 | 1,812,529 | 1,812,529 | 8,051 | 0.2% | 61.8% | 1,560,548 | 53.2% | 3.80900 | |||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | 06/05/2019 | 9,700,000 | 06/10/2019 | 1,707,961 | 1,707,961 | 8,051 | 0.2% | 61.8% | 1,470,517 | 53.2% | 3.80900 | |||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | 06/05/2019 | 9,400,000 | 06/10/2019 | 1,638,249 | 1,638,249 | 8,051 | 0.2% | 61.8% | 1,410,497 | 53.2% | 3.80900 | |||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | 06/05/2019 | 8,900,000 | 06/10/2019 | 1,551,106 | 1,551,106 | 8,051 | 0.2% | 61.8% | 1,335,468 | 53.2% | 3.80900 | |||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | 06/05/2019 | 8,400,000 | 06/12/2019 | 1,529,475 | 1,529,475 | 8,051 | 0.2% | 61.8% | 1,316,845 | 53.2% | 3.80900 | |||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | 06/05/2019 | 9,200,000 | 06/13/2019 | 1,462,976 | 1,462,976 | 8,051 | 0.1% | 61.8% | 1,259,591 | 53.2% | 3.80900 | |||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | 06/05/2019 | 7,700,000 | 06/06/2019 | 1,341,970 | 1,341,970 | 8,051 | 0.1% | 61.8% | 1,155,407 | 53.2% | 3.80900 | |||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | 06/05/2019 | 7,150,000 | 06/13/2019 | 1,246,115 | 1,246,115 | 8,051 | 0.1% | 61.8% | 1,072,878 | 53.2% | 3.80900 | |||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | 06/05/2019 | 7,100,000 | 06/10/2019 | 1,237,399 | 1,237,399 | 8,051 | 0.1% | 61.8% | 1,065,373 | 53.2% | 3.80900 | |||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | 06/05/2019 | 6,500,000 | 06/12/2019 | 1,236,880 | 1,236,880 | 8,051 | 0.1% | 61.8% | 1,064,927 | 53.2% | 3.80900 | |||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | 06/05/2019 | 7,000,000 | 06/12/2019 | 1,219,971 | 1,219,971 | 8,051 | 0.1% | 61.8% | 1,050,368 | 53.2% | 3.80900 | |||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | 06/05/2019 | 6,400,000 | 06/13/2019 | 1,063,983 | 1,063,983 | 8,051 | 0.1% | 61.8% | 916,066 | 53.2% | 3.80900 | |||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | 06/05/2019 | 6,000,000 | 06/10/2019 | 1,048,023 | 1,048,023 | 8,051 | 0.1% | 61.8% | 902,325 | 53.2% | 3.80900 | |||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | 06/05/2019 | 5,800,000 | 06/07/2019 | 1,010,834 | 1,010,834 | 8,051 | 0.1% | 61.8% | 870,306 | 53.2% | 3.80900 | |||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | 06/05/2019 | 5,350,000 | 06/13/2019 | 932,408 | 932,408 | 8,051 | 0.1% | 61.8% | 802,783 | 53.2% | 3.80900 | |||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | 06/05/2019 | 4,300,000 | 06/06/2019 | 930,985 | 930,985 | 8,051 | 0.1% | 61.8% | 801,558 | 53.2% | 3.80900 | |||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | 06/05/2019 | 5,300,000 | 06/13/2019 | 923,694 | 923,694 | 8,051 | 0.1% | 61.8% | 795,280 | 53.2% | 3.80900 | |||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | 06/05/2019 | 4,700,000 | 06/12/2019 | 819,123 | 819,123 | 8,051 | 0.1% | 61.8% | 705,247 | 53.2% | 3.80900 | |||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | 06/05/2019 | 4,100,000 | 06/06/2019 | 766,068 | 766,068 | 8,051 | 0.1% | 61.8% | 659,567 | 53.2% | 3.80900 | |||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | 06/05/2019 | 3,850,000 | 06/12/2019 | 670,985 | 670,985 | 8,051 | 0.1% | 61.8% | 577,703 | 53.2% | 3.80900 | |||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | 06/05/2019 | 3,700,000 | 06/12/2019 | 644,843 | 644,843 | 8,051 | 0.1% | 61.8% | 555,196 | 53.2% | 3.80900 | |||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | 06/05/2019 | 3,600,000 | 06/12/2019 | 627,415 | 627,415 | 8,051 | 0.1% | 61.8% | 540,190 | 53.2% | 3.80900 | |||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | 06/05/2019 | 4,200,000 | 06/13/2019 | 585,191 | 585,191 | 8,051 | 0.1% | 61.8% | 503,836 | 53.2% | 3.80900 | |||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | 06/05/2019 | 3,200,000 | 06/13/2019 | 557,703 | 557,703 | 8,051 | 0.1% | 61.8% | 480,170 | 53.2% | 3.80900 | |||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | 06/05/2019 | 2,500,000 | 06/13/2019 | 398,994 | 398,994 | 8,051 | 0.0% | 61.8% | 343,525 | 53.2% | 3.80900 | |||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | 06/05/2019 | 1,950,000 | 06/12/2019 | 339,849 | 339,849 | 8,051 | 0.0% | 61.8% | 292,603 | 53.2% | 3.80900 | |||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | 06/05/2019 | 1,800,000 | 06/06/2019 | 313,707 | 313,707 | 8,051 | 0.0% | 61.8% | 270,095 | 53.2% | 3.80900 | |||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | 06/05/2019 | �� 1,700,000 | 06/10/2019 | 265,996 | 265,996 | 8,051 | 0.0% | 61.8% | 229,016 | 53.2% | 3.80900 | |||
7 | Both | Natixis | 1 | Uline Arena | 07/26/2019 | 212,000,000 | 07/01/2021 | No | 36,000,000 | 36,000,000 | 483 | 3.6% | 56.6% | 36,000,000 | 56.6% | 4.04000 | 0.01074 | 4.02926 |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 04/09/2019 | 553,000,000 | 03/25/2019 | No | 35,000,000 | 35,000,000 | 782,918 | 3.5% | 39.8% | 35,000,000 | 39.8% | 4.15000 | 0.01074 | 4.13926 |
9 | Both | Natixis | 1 | 765 Broad Street | 02/26/2019 | 51,900,000 | 01/01/2020 | No | 33,850,000 | 33,850,000 | 161 | 3.4% | 65.2% | 33,850,000 | 65.2% | 4.72000 | 0.01349 | 4.70651 |
10 | Both | KeyBank | 1 | Rivertop Apartments | 09/23/2019 | 57,200,000 | 08/14/2019 | No | 31,410,000 | 31,410,000 | 140,223 | 3.1% | 54.9% | 31,410,000 | 54.9% | 3.30000 | 0.02224 | 3.27776 |
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 06/30/2019 | 135,400,000 | 05/30/2019 | No | 30,000,000 | 29,957,940 | 207,424 | 3.0% | 51.6% | 23,615,947 | 40.7% | 3.75000 | 0.01949 | 3.73051 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | 07/01/2019 | 45,300,000 | 08/23/2019 | No | 29,410,000 | 29,410,000 | 164 | 2.9% | 64.9% | 29,410,000 | 64.9% | 3.70000 | 0.02224 | 3.67776 |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | 07/31/2019 | 38,900,000 | 10/09/2019 | No | 28,500,000 | 28,500,000 | 199 | 2.8% | 73.3% | 23,069,929 | 59.3% | 3.65000 | 0.02224 | 3.62776 |
14 | Both | Barclays | 1 | 200 North Warner Road | 08/15/2019 | 40,400,000 | 08/27/2019 | No | 27,350,000 | 27,350,000 | 167 | 2.7% | 67.7% | 24,808,803 | 61.4% | 3.97300 | 0.01349 | 3.95951 |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | 06/19/2019 | 790,000,000 | Various | No | 25,000,000 | 25,000,000 | 499 | 2.5% | 44.3% | 25,000,000 | 44.3% | 3.76386 | 0.01074 | 3.75312 |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | 08/05/2019 | 40,190,000 | 08/17/2019 | No | 24,000,000 | 24,000,000 | 12,579 | 2.4% | 59.7% | 24,000,000 | 59.7% | 4.73000 | 0.01349 | 4.71651 |
16.01 | Property | RMF | 1 | Bohemia Self Storage | 08/05/2019 | 26,990,000 | 08/17/2019 | 17,300,000 | 17,300,000 | 12,579 | 1.7% | 59.7% | 17,300,000 | 59.7% | 4.73000 | |||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | 08/05/2019 | 13,200,000 | 08/17/2019 | 6,700,000 | 6,700,000 | 12,579 | 0.7% | 59.7% | 6,700,000 | 59.7% | 4.73000 | |||
17 | Both | Barclays | 1 | One Main Plaza | 08/15/2019 | 38,000,000 | 07/03/2019 | No | 23,500,000 | 23,500,000 | 283 | 2.3% | 61.8% | 23,500,000 | 61.8% | 3.82000 | 0.01349 | 3.80651 |
18 | Both | SGFC | 1 | Crocs Distribution Center | 09/16/2019 | 35,800,000 | 02/01/2020 | No | 23,000,000 | 23,000,000 | 41 | 2.3% | 64.2% | 20,887,259 | 58.3% | 4.04000 | 0.01349 | 4.02651 |
19 | Both | Natixis | 1 | Walgreens South Beach | 08/29/2019 | 33,100,000 | 06/25/2019 | No | 21,100,000 | 21,100,000 | 923 | 2.1% | 63.7% | 21,100,000 | 63.7% | 4.30000 | 0.01349 | 4.28651 |
20 | Both | Natixis | 1 | SpringHill Suites Newark | 07/31/2019 | 29,300,000 | 07/01/2019 | No | 20,500,000 | 20,500,000 | 155,303 | 2.0% | 70.0% | 16,892,407 | 57.7% | 4.20000 | 0.01349 | 4.18651 |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | 08/31/2019 | 98,000,000 | 09/05/2019 | No | 20,000,000 | 20,000,000 | 6,402 | 2.0% | 20.4% | 20,000,000 | 20.4% | 2.79200 | 0.01349 | 2.77851 |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Occupancy Date | Appraised Value ($)(5) | Appraisal Date | Crossed Loan | Original Balance ($)(6)(7) | Current Balance ($)(6)(7) | Current Balance per Unit ($) | % of Initial Pool Balance | Current LTV (%)(5) | Maturity/ARD Balance ($)(6)(7) | Maturity/ARD LTV (%)(5) | Interest Rate % | Admin. Fee %(8) | Net Mortgage Rate % |
22 | Loan | SGFC | 2 | Bison Portfolio | Various | 56,600,000 | 06/09/2019 | No | 19,600,000 | 19,548,719 | 100 | 2.0% | 70.5% | 17,879,426 | 64.5% | 4.30000 | 0.01074 | 4.28926 |
22.01 | Property | SGFC | 1 | Spring Creek | 07/01/2019 | 44,300,000 | 06/09/2019 | 15,341,900 | 15,301,760 | 100 | 1.5% | 70.5% | 13,995,121 | 64.5% | 4.30000 | |||
22.02 | Property | SGFC | 1 | Steele Crossing | 06/06/2019 | 12,300,000 | 06/09/2019 | 4,258,100 | 4,246,959 | 100 | 0.4% | 70.5% | 3,884,305 | 64.5% | 4.30000 | |||
23 | Both | SGFC | 1 | 145 Spring Street | 08/01/2019 | 27,600,000 | 07/19/2019 | No | 18,500,000 | 18,500,000 | 3,700,000 | 1.8% | 67.0% | 18,500,000 | 67.0% | 4.14000 | 0.01349 | 4.12651 |
24 | Both | KeyBank | 1 | North Heights Plaza | 07/23/2019 | 25,800,000 | 08/30/2019 | No | 18,305,000 | 18,305,000 | 100 | 1.8% | 70.9% | 12,949,160 | 50.2% | 3.56200 | 0.02224 | 3.53976 |
25 | Both | Barclays | 1 | Southchase Village | 09/01/2019 | 26,900,000 | 08/01/2019 | No | 16,515,000 | 16,515,000 | 72 | 1.6% | 61.4% | 16,515,000 | 61.4% | 3.78000 | 0.01349 | 3.76651 |
26 | Both | Barclays | 1 | Scottsdale Gateway II | 10/01/2019 | 23,900,000 | 11/01/2019 | No | 16,500,000 | 16,500,000 | 153 | 1.6% | 69.0% | 14,375,993 | 60.2% | 4.30000 | 0.05349 | 4.24651 |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | 09/27/2019 | 50,700,000 | 08/29/2019 | No | 14,300,000 | 14,300,000 | 207 | 1.4% | 62.7% | 14,300,000 | 62.7% | 4.31600 | 0.01199 | 4.30401 |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | 09/27/2019 | 7,825,000 | 08/19/2019 | 2,354,104 | 2,354,104 | 207 | 0.2% | 62.7% | 2,354,104 | 62.7% | 4.31600 | |||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | 09/27/2019 | 5,600,000 | 08/13/2019 | 1,688,569 | 1,688,569 | 207 | 0.2% | 62.7% | 1,688,569 | 62.7% | 4.31600 | |||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | 09/27/2019 | 4,560,000 | 08/19/2019 | 1,418,758 | 1,418,758 | 207 | 0.1% | 62.7% | 1,418,758 | 62.7% | 4.31600 | |||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | 09/27/2019 | 3,910,000 | 04/17/2019 | 1,137,704 | 1,137,704 | 207 | 0.1% | 62.7% | 1,137,704 | 62.7% | 4.31600 | |||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | 09/27/2019 | 3,700,000 | 04/22/2019 | 1,076,997 | 1,076,997 | 207 | 0.1% | 62.7% | 1,076,997 | 62.7% | 4.31600 | |||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | 09/27/2019 | 3,400,000 | 08/20/2019 | 1,025,283 | 1,025,283 | 207 | 0.1% | 62.7% | 1,025,283 | 62.7% | 4.31600 | |||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | 09/27/2019 | 2,950,000 | 04/17/2019 | 935,346 | 935,346 | 207 | 0.1% | 62.7% | 935,346 | 62.7% | 4.31600 | |||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | 09/27/2019 | 2,875,000 | 04/11/2019 | 881,384 | 881,384 | 207 | 0.1% | 62.7% | 881,384 | 62.7% | 4.31600 | |||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | 09/27/2019 | 2,950,000 | 04/11/2019 | 858,899 | 858,899 | 207 | 0.1% | 62.7% | 858,899 | 62.7% | 4.31600 | |||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | 09/27/2019 | 2,900,000 | 04/17/2019 | 845,409 | 845,409 | 207 | 0.1% | 62.7% | 845,409 | 62.7% | 4.31600 | |||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | 09/27/2019 | 2,450,000 | 08/16/2019 | 739,733 | 739,733 | 207 | 0.1% | 62.7% | 739,733 | 62.7% | 4.31600 | |||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | 09/27/2019 | 2,525,000 | 04/16/2019 | 735,236 | 735,236 | 207 | 0.1% | 62.7% | 735,236 | 62.7% | 4.31600 | |||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | 09/27/2019 | 2,000,000 | 04/18/2019 | 602,579 | 602,579 | 207 | 0.1% | 62.7% | 602,579 | 62.7% | 4.31600 | |||
28 | Both | Barclays | 1 | The Firebrand Hotel | 09/07/2019 | 22,000,000 | 08/23/2019 | No | 14,000,000 | 14,000,000 | 162,791 | 1.4% | 63.6% | 11,081,213 | 50.4% | 3.90000 | 0.01349 | 3.88651 |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | 09/01/2019 | 20,000,000 | Various | No | 13,600,000 | 13,600,000 | 121 | 1.4% | 68.0% | 11,294,147 | 56.5% | 4.06000 | 0.01349 | 4.04651 |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | 09/01/2019 | 10,400,000 | 08/22/2019 | 7,072,000 | 7,072,000 | 121 | 0.7% | 68.0% | 5,872,956 | 56.5% | 4.06000 | |||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | 09/01/2019 | 9,600,000 | 08/19/2019 | 6,528,000 | 6,528,000 | 121 | 0.7% | 68.0% | 5,421,191 | 56.5% | 4.06000 | |||
30 | Both | KeyBank | 1 | Providence Pavilion | 09/04/2019 | 17,000,000 | 07/15/2019 | No | 12,500,000 | 12,500,000 | 131 | 1.2% | 73.5% | 10,818,326 | 63.6% | 4.02000 | 0.02224 | 3.99776 |
31 | Both | KeyBank | 1 | Extra Space - McLean | 07/31/2019 | 25,575,000 | 08/26/2019 | No | 12,000,000 | 12,000,000 | 20,033 | 1.2% | 46.9% | 12,000,000 | 46.9% | 3.10000 | 0.02224 | 3.07776 |
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | 07/31/2019 | 17,100,000 | 08/01/2019 | No | 11,900,000 | 11,865,799 | 100,558 | 1.2% | 69.4% | 9,391,544 | 54.9% | 3.82000 | 0.01349 | 3.80651 |
33 | Both | BSPRT | 1 | Aloft Dulles North | 08/31/2019 | 20,000,000 | 08/20/2019 | No | 11,250,000 | 11,250,000 | 82,721 | 1.1% | 56.3% | 9,064,584 | 45.3% | 4.40000 | 0.01349 | 4.38651 |
34 | Both | RMF | 1 | Kohl’s Highland Heights | 09/27/2019 | 16,250,000 | 07/18/2019 | No | 11,100,000 | 11,100,000 | 138 | 1.1% | 68.3% | 11,100,000 | 68.3% | 4.90000 | 0.06224 | 4.83776 |
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | 08/07/2019 | 21,000,000 | 08/19/2019 | No | 10,250,000 | 10,250,000 | 56,944 | 1.0% | 48.8% | 10,250,000 | 48.8% | 3.25000 | 0.02224 | 3.22776 |
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | 08/31/2019 | 15,600,000 | 08/09/2019 | No | 10,250,000 | 10,235,174 | 111,252 | 1.0% | 65.6% | 8,023,691 | 51.4% | 3.60000 | 0.01349 | 3.58651 |
37 | Both | BSPRT | 1 | Beau Terre Apartments | 09/11/2019 | 13,500,000 | 08/23/2019 | No | 9,700,000 | 9,687,267 | 57,662 | 1.0% | 71.8% | 7,722,771 | 57.2% | 4.06000 | 0.07224 | 3.98776 |
38 | Both | Natixis | 1 | Westar Place | 09/30/2019 | 12,600,000 | 08/20/2019 | No | 9,375,000 | 9,375,000 | 100 | 0.9% | 74.4% | 7,479,664 | 59.4% | 4.12000 | 0.01349 | 4.10651 |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | 07/31/2019 | 13,000,000 | 07/10/2019 | No | 9,000,000 | 8,975,552 | 92,531 | 0.9% | 69.0% | 7,177,997 | 55.2% | 4.11000 | 0.01349 | 4.09651 |
40 | Both | Barclays | 1 | Hen House Marketplace | 08/06/2019 | 10,900,000 | 08/13/2019 | No | 8,175,000 | 8,175,000 | 92 | 0.8% | 75.0% | 6,867,121 | 63.0% | 3.90000 | 0.01349 | 3.88651 |
41 | Both | Barclays | 1 | North Plains Self Storage | 08/31/2019 | 24,190,000 | 09/05/2019 | No | 7,800,000 | 7,788,113 | 9,921 | 0.8% | 32.2% | 6,046,792 | 25.0% | 3.34500 | 0.01349 | 3.33151 |
42 | Both | Barclays | 1 | The Burgundy | 09/19/2019 | 10,360,000 | 08/19/2019 | No | 7,631,000 | 7,631,000 | 68,748 | 0.8% | 73.7% | 6,555,433 | 63.3% | 3.72000 | 0.06224 | 3.65776 |
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | 08/08/2019 | 13,400,000 | 08/09/2019 | No | 7,250,000 | 7,238,963 | 10,054 | 0.7% | 54.0% | 5,621,500 | 42.0% | 3.35000 | 0.02224 | 3.32776 |
44 | Both | Barclays | 1 | Vineland Leased Fee | 07/29/2019 | 18,960,000 | 08/01/2019 | No | 6,500,000 | 6,500,000 | 205 | 0.6% | 34.3% | 6,500,000 | 34.3% | 3.47000 | 0.01349 | 3.45651 |
45 | Both | RMF | 1 | Stor & Go Self Storage | 08/19/2019 | 9,400,000 | 08/12/2019 | No | 6,400,000 | 6,400,000 | 11,594 | 0.6% | 68.1% | 5,581,449 | 59.4% | 4.34000 | 0.01349 | 4.32651 |
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | 07/31/2019 | 9,800,000 | 08/26/2019 | No | 6,300,000 | 6,300,000 | 86,301 | 0.6% | 64.3% | 5,047,803 | 51.5% | 4.24000 | 0.01349 | 4.22651 |
47 | Both | Barclays | 1 | Oak Brook Apartments | 10/10/2019 | 8,450,000 | 09/12/2019 | No | 6,225,000 | 6,225,000 | 62,250 | 0.6% | 73.7% | 5,196,432 | 61.5% | 3.68300 | 0.01349 | 3.66951 |
48 | Both | SGFC | 1 | LA Fitness Spring | 09/06/2019 | 9,900,000 | 09/05/2019 | No | 5,750,000 | 5,750,000 | 169 | 0.6% | 58.1% | 5,137,447 | 51.9% | 4.37000 | 0.06349 | 4.30651 |
49 | Loan | Natixis | 4 | Vanguard Portfolio | 11/07/2018 | 189,200,000 | 09/12/2018 | No | 4,825,000 | 4,825,000 | 205 | 0.5% | 61.8% | 4,825,000 | 61.8% | 4.86000 | 0.01074 | 4.84926 |
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | 11/07/2018 | 75,600,000 | 09/12/2018 | 1,927,960 | 1,927,960 | 205 | 0.2% | 61.8% | 1,927,960 | 61.8% | 4.86000 | |||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | 11/07/2018 | 43,600,000 | 09/12/2018 | 1,111,892 | 1,111,892 | 205 | 0.1% | 61.8% | 1,111,892 | 61.8% | 4.86000 | |||
49.03 | Property | Natixis | 1 | 50 Morehall Road | 11/07/2018 | 35,000,000 | 09/12/2018 | 892,574 | 892,574 | 205 | 0.1% | 61.8% | 892,574 | 61.8% | 4.86000 | |||
49.04 | Property | Natixis | 1 | 60 Morehall Road | 11/07/2018 | 35,000,000 | 09/12/2018 | 892,574 | 892,574 | 205 | 0.1% | 61.8% | 892,574 | 61.8% | 4.86000 | |||
50 | Both | RMF | 1 | Xtra Room Self Storage | 08/26/2019 | 6,410,000 | 08/28/2019 | No | 4,200,000 | 4,200,000 | 10,474 | 0.4% | 65.5% | 3,659,344 | 57.1% | 4.30000 | 0.01349 | 4.28651 |
51 | Both | RMF | 1 | Marval Plaza | 08/27/2019 | 5,860,000 | 08/09/2019 | No | 3,750,000 | 3,750,000 | 238 | 0.4% | 64.0% | 3,263,522 | 55.7% | 4.25000 | 0.01349 | 4.23651 |
52 | Both | BSPRT | 1 | Brownsville Plaza | 09/03/2019 | 3,600,000 | 07/22/2019 | No | 2,550,000 | 2,546,995 | 75 | 0.3% | 70.7% | 2,065,432 | 57.4% | 4.55000 | 0.01349 | 4.53651 |
53 | Both | KeyBank | 1 | Lake Bluff Village | 07/01/2019 | 3,300,000 | 09/11/2019 | No | 2,386,000 | 2,386,000 | 23,860 | 0.2% | 72.3% | 2,018,353 | 61.2% | 4.15000 | 0.02224 | 4.12776 |
54 | Both | BSPRT | 1 | Sandstone Apartments | 09/03/2019 | 3,170,000 | 05/22/2019 | No | 2,288,000 | 2,282,306 | 49,615 | 0.2% | 72.0% | 1,853,121 | 58.5% | 4.55000 | 0.01349 | 4.53651 |
55 | Both | KeyBank | 1 | Bayfield MHP | 07/31/2019 | 3,174,000 | 08/12/2019 | No | 2,240,000 | 2,237,360 | 60,469 | 0.2% | 70.5% | 1,814,340 | 57.2% | 4.55000 | 0.02224 | 4.52776 |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Accrual Type | Monthly Debt Service Amount ($)(9) | Annual Debt Service Amount ($) | Note Date | First Payment Date | Partial IO Last IO Payment | Partial IO First P&I Payment | Original Term | Remaining Term | Original Amortization | Remaining Amortization | I/O Period | Seasoning | Amortization Type |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | Actual/360 | 203,538.19 | 2,442,458.28 | 09/12/2019 | 11/01/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
2 | Both | SGFC | 1 | Presidential City | Actual/360 | 133,003.03 | 1,596,036.36 | 09/06/2019 | 10/08/2019 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | ||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | Actual/360 | 106,990.63 | 1,283,887.56 | 10/04/2019 | 11/06/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
4 | Both | Natixis | 1 | NEMA San Francisco | Actual/360 | 149,919.88 | 1,799,038.56 | 02/08/2019 | 03/10/2019 | 120 | 111 | 0 | 0 | 120 | 9 | Interest Only | ||
5 | Both | RMF | 1 | Equinix Data Center | Actual/360 | 111,527.78 | 1,338,333.36 | 09/20/2019 | 11/06/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | Actual/360 | 172,593.83 | 2,071,125.96 | 07/02/2019 | 09/01/2019 | 08/01/2022 | 09/01/2022 | 120 | 117 | 360 | 360 | 36 | 3 | IO-Balloon |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | 120 | 117 | 360 | 360 | 36 | 3 | ||||||||
7 | Both | Natixis | 1 | Uline Arena | Actual/360 | 122,883.33 | 1,474,599.96 | 07/29/2019 | 09/06/2019 | 120 | 117 | 0 | 0 | 120 | 3 | Interest Only | ||
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | Actual/360 | 122,722.80 | 1,472,673.60 | 04/12/2019 | 06/06/2019 | 120 | 114 | 0 | 0 | 120 | 6 | Interest Only | ||
9 | Both | Natixis | 1 | 765 Broad Street | Actual/360 | 134,992.55 | 1,619,910.60 | 05/14/2019 | 07/05/2019 | 60 | 55 | 0 | 0 | 60 | 5 | Interest Only | ||
10 | Both | KeyBank | 1 | Rivertop Apartments | Actual/360 | 87,577.19 | 1,050,926.28 | 10/04/2019 | 12/01/2019 | 120 | 120 | 0 | 0 | 120 | 0 | Interest Only | ||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | Actual/360 | 138,934.68 | 1,667,216.16 | 09/06/2019 | 11/01/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | ||
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | Actual/360 | 91,940.29 | 1,103,283.48 | 10/03/2019 | 12/01/2019 | 120 | 120 | 0 | 0 | 120 | 0 | Interest Only | ||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | Actual/360 | 130,375.97 | 1,564,511.64 | 10/10/2019 | 12/01/2019 | 11/01/2020 | 12/01/2020 | 120 | 120 | 360 | 360 | 12 | 0 | IO-Balloon |
14 | Both | Barclays | 1 | 200 North Warner Road | Actual/360 | 130,147.72 | 1,561,772.64 | 10/15/2019 | 12/06/2019 | 11/06/2024 | 12/06/2024 | 120 | 120 | 360 | 360 | 60 | 0 | IO-Balloon |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | Actual/360 | 79,502.83 | 954,033.96 | 06/19/2019 | 08/06/2019 | 120 | 116 | 0 | 0 | 120 | 4 | ARD-Interest Only | ||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | Actual/360 | 95,913.89 | 1,150,966.68 | 09/30/2019 | 11/06/2019 | 60 | 59 | 0 | 0 | 60 | 1 | Interest Only | ||
16.01 | Property | RMF | 1 | Bohemia Self Storage | 60 | 59 | 0 | 0 | 60 | 1 | ||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | 60 | 59 | 0 | 0 | 60 | 1 | ||||||||
17 | Both | Barclays | 1 | One Main Plaza | Actual/360 | 75,847.34 | 910,168.08 | 08/08/2019 | 09/06/2019 | 120 | 117 | 0 | 0 | 120 | 3 | Interest Only | ||
18 | Both | SGFC | 1 | Crocs Distribution Center | Actual/360 | 110,336.57 | 1,324,038.84 | 09/16/2019 | 11/01/2019 | 10/01/2024 | 11/01/2024 | 120 | 119 | 360 | 360 | 60 | 1 | ARD-IO-Balloon |
19 | Both | Natixis | 1 | Walgreens South Beach | Actual/360 | 76,658.45 | 919,901.40 | 08/29/2019 | 10/05/2019 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | ||
20 | Both | Natixis | 1 | SpringHill Suites Newark | Actual/360 | 100,248.52 | 1,202,982.24 | 08/27/2019 | 10/05/2019 | 09/05/2020 | 10/05/2020 | 120 | 118 | 360 | 360 | 12 | 2 | IO-Balloon |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | Actual/360 | 47,179.63 | 566,155.56 | 10/02/2019 | 11/06/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Accrual Type | Monthly Debt Service Amount ($)(9) | Annual Debt Service Amount ($) | Note Date | First Payment Date | Partial IO Last IO Payment | Partial IO First P&I Payment | Original Term | Remaining Term | Original Amortization | Remaining Amortization | I/O Period | Seasoning | Amortization Type |
22 | Loan | SGFC | 2 | Bison Portfolio | Actual/360 | 96,994.80 | 1,163,937.60 | 08/14/2019 | 10/01/2019 | 60 | 58 | 360 | 358 | 0 | 2 | Balloon | ||
22.01 | Property | SGFC | 1 | Spring Creek | 60 | 58 | 360 | 358 | 0 | 2 | ||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | 60 | 58 | 360 | 358 | 0 | 2 | ||||||||
23 | Both | SGFC | 1 | 145 Spring Street | Actual/360 | 64,711.46 | 776,537.52 | 09/18/2019 | 11/01/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
24 | Both | KeyBank | 1 | North Heights Plaza | Actual/360 | 92,248.94 | 1,106,987.28 | 10/09/2019 | 12/01/2019 | 120 | 120 | 300 | 300 | 0 | 0 | Balloon | ||
25 | Both | Barclays | 1 | Southchase Village | Actual/360 | 52,744.78 | 632,937.36 | 09/05/2019 | 10/06/2019 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | ||
26 | Both | Barclays | 1 | Scottsdale Gateway II | Actual/360 | 81,653.79 | 979,845.48 | 10/17/2019 | 12/06/2019 | 11/06/2022 | 12/06/2022 | 120 | 120 | 360 | 360 | 36 | 0 | IO-Balloon |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | Actual/360 | 52,146.67 | 625,760.04 | 09/27/2019 | 11/06/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | 120 | 119 | 0 | 0 | 120 | 1 | ||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | Actual/360 | 66,033.55 | 792,402.60 | 10/18/2019 | 12/06/2019 | 120 | 120 | 360 | 360 | 0 | 0 | Balloon | ||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | Actual/360 | 65,399.79 | 784,797.48 | 09/18/2019 | 11/06/2019 | 03/06/2021 | 04/06/2021 | 120 | 119 | 360 | 360 | 17 | 1 | IO-Balloon |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | 120 | 119 | 360 | 360 | 17 | 1 | ||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | 120 | 119 | 360 | 360 | 17 | 1 | ||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | Actual/360 | 59,821.13 | 717,853.56 | 09/11/2019 | 11/01/2019 | 10/01/2022 | 11/01/2022 | 120 | 119 | 360 | 360 | 36 | 1 | IO-Balloon |
31 | Both | KeyBank | 1 | Extra Space - McLean | Actual/360 | 31,430.56 | 377,166.72 | 10/09/2019 | 12/01/2019 | 120 | 120 | 0 | 0 | 120 | 0 | Interest Only | ||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | Actual/360 | 55,584.50 | 667,014.00 | 09/06/2019 | 10/06/2019 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | ||
33 | Both | BSPRT | 1 | Aloft Dulles North | Actual/360 | 56,335.60 | 676,027.20 | 10/18/2019 | 12/06/2019 | 120 | 120 | 360 | 360 | 0 | 0 | Balloon | ||
34 | Both | RMF | 1 | Kohl’s Highland Heights | Actual/360 | 45,954.51 | 551,454.12 | 09/27/2019 | 11/06/2019 | 60 | 59 | 0 | 0 | 60 | 1 | Interest Only | ||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | Actual/360 | 28,145.98 | 337,751.76 | 09/17/2019 | 11/01/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | Actual/360 | 46,601.15 | 559,213.80 | 10/10/2019 | 11/06/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | ||
37 | Both | BSPRT | 1 | Beau Terre Apartments | Actual/360 | 46,645.44 | 559,745.28 | 09/26/2019 | 11/06/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | ||
38 | Both | Natixis | 1 | Westar Place | Actual/360 | 45,408.68 | 544,904.16 | 10/08/2019 | 12/05/2019 | 120 | 120 | 360 | 360 | 0 | 0 | Balloon | ||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | Actual/360 | 43,540.08 | 522,480.96 | 08/30/2019 | 10/06/2019 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | ||
40 | Both | Barclays | 1 | Hen House Marketplace | Actual/360 | 38,558.88 | 462,706.56 | 09/19/2019 | 11/06/2019 | 10/06/2021 | 11/06/2021 | 120 | 119 | 360 | 360 | 24 | 1 | IO-Balloon |
41 | Both | Barclays | 1 | North Plains Self Storage | Actual/360 | 34,354.11 | 412,249.32 | 10/10/2019 | 11/06/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | ||
42 | Both | Barclays | 1 | The Burgundy | Actual/360 | 35,210.57 | 422,526.84 | 09/26/2019 | 11/06/2019 | 10/06/2022 | 11/06/2022 | 120 | 119 | 360 | 360 | 36 | 1 | IO-Balloon |
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | Actual/360 | 31,951.73 | 383,420.76 | 09/05/2019 | 11/01/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | ||
44 | Both | Barclays | 1 | Vineland Leased Fee | Actual/360 | 19,056.89 | 228,682.68 | 09/18/2019 | 11/06/2019 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | ||
45 | Both | RMF | 1 | Stor & Go Self Storage | Actual/360 | 31,822.27 | 381,867.24 | 08/29/2019 | 10/06/2019 | 09/06/2022 | 10/06/2022 | 120 | 118 | 360 | 360 | 36 | 2 | IO-Balloon |
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | Actual/360 | 30,955.34 | 371,464.08 | 10/17/2019 | 12/06/2019 | 120 | 120 | 360 | 360 | 0 | 0 | Balloon | ||
47 | Both | Barclays | 1 | Oak Brook Apartments | Actual/360 | 28,592.79 | 343,113.48 | 10/10/2019 | 11/06/2019 | 10/06/2021 | 11/06/2021 | 120 | 119 | 360 | 360 | 24 | 1 | IO-Balloon |
48 | Both | SGFC | 1 | LA Fitness Spring | Actual/360 | 28,691.95 | 344,303.40 | 09/06/2019 | 11/01/2019 | 10/01/2023 | 11/01/2023 | 120 | 119 | 360 | 360 | 48 | 1 | ARD-IO-Balloon |
49 | Loan | Natixis | 4 | Vanguard Portfolio | Actual/360 | 19,812.66 | 237,751.92 | 11/07/2018 | 12/07/2018 | 120 | 108 | 0 | 0 | 120 | 12 | Interest Only | ||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | 120 | 108 | 0 | 0 | 120 | 12 | ||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | 120 | 108 | 0 | 0 | 120 | 12 | ||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | 120 | 108 | 0 | 0 | 120 | 12 | ||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | 120 | 108 | 0 | 0 | 120 | 12 | ||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | Actual/360 | 20,784.60 | 249,415.20 | 10/15/2019 | 12/06/2019 | 11/06/2022 | 12/06/2022 | 120 | 120 | 360 | 360 | 36 | 0 | IO-Balloon |
51 | Both | RMF | 1 | Marval Plaza | Actual/360 | 18,447.75 | 221,373.00 | 09/17/2019 | 11/06/2019 | 10/06/2022 | 11/06/2022 | 120 | 119 | 360 | 360 | 36 | 1 | IO-Balloon |
52 | Both | BSPRT | 1 | Brownsville Plaza | Actual/360 | 12,996.34 | 155,956.08 | 09/20/2019 | 11/06/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | ||
53 | Both | KeyBank | 1 | Lake Bluff Village | Actual/360 | 11,598.43 | 139,181.16 | 10/07/2019 | 12/01/2019 | 11/01/2021 | 12/01/2021 | 120 | 120 | 360 | 360 | 24 | 0 | IO-Balloon |
54 | Both | BSPRT | 1 | Sandstone Apartments | Actual/360 | 11,661.03 | 139,932.36 | 09/06/2019 | 10/06/2019 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | ||
55 | Both | KeyBank | 1 | Bayfield MHP | Actual/360 | 11,416.40 | 136,996.80 | 09/25/2019 | 11/01/2019 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Payment Date | Grace Period (Late Payment) | Grace Period (Default)(10) | Maturity/ARD Date | ARD Loan(11) | Final Maturity Date | Prepayment Provisions(12) | Pari Passu (Y/N) | Pari Passu Note Control (Y/N) | Original Balance Piece In Trust ($) | Original Balance Piece Non-Trust ($) | Total Original Balance Pari Passu Debt ($) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | 1 | 0 | 5 | 10/01/2029 | No | 10/01/2029 | L(25),Grtr1%orYM(91),O(4) | Yes | No | 66,000,000 | 138,000,000 | 204,000,000 |
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | ||||||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | ||||||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | ||||||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | ||||||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | ||||||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | ||||||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | ||||||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | ||||||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | ||||||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | ||||||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | ||||||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | ||||||||||||
2 | Both | SGFC | 1 | Presidential City | 8 | 0 | 0 | 09/08/2029 | No | 09/08/2029 | L(26),Def(90),O(4) | Yes | No | 45,000,000 | 72,000,000 | 117,000,000 |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(88),O(7) | Yes | No | 42,000,000 | 45,500,000 | 87,500,000 |
4 | Both | Natixis | 1 | NEMA San Francisco | 10 | 0 | 0 | 02/10/2029 | No | 02/10/2029 | L(33),Def(83),O(4) | Yes | No | 40,000,000 | 165,000,000 | 205,000,000 |
5 | Both | RMF | 1 | Equinix Data Center | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | Yes | No | 40,000,000 | 60,000,000 | 100,000,000 |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | 1 | 0 | 0 | 08/01/2029 | No | 08/01/2029 | L(25),Grtr1%orYM(92),O(3) | Yes | No | 37,000,000 | 102,100,000 | 139,100,000 |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | ||||||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | ||||||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | ||||||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | ||||||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | ||||||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | ||||||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | ||||||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | ||||||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | ||||||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | ||||||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | ||||||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | ||||||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | ||||||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | ||||||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | ||||||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | ||||||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | ||||||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | ||||||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | ||||||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | ||||||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | ||||||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | ||||||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | ||||||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | ||||||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | ||||||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | ||||||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | ||||||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | ||||||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | ||||||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | ||||||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | ||||||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | ||||||||||||
7 | Both | Natixis | 1 | Uline Arena | 6 | 0 | 0 | 08/06/2029 | No | 08/06/2029 | Grtr1%orYM(27),DeforGrtr1%orYM(87),O(6) | Yes | No | 36,000,000 | 84,000,000 | 120,000,000 |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 6 | 0 | 0 | 05/06/2029 | No | 05/06/2029 | L(30),Def(86),O(4) | Yes | No | 35,000,000 | 185,000,000 | 220,000,000 |
9 | Both | Natixis | 1 | 765 Broad Street | 5 | 0 | 0 | 06/05/2024 | No | 06/05/2024 | L(29),Def(26),O(5) | No | NAP | |||
10 | Both | KeyBank | 1 | Rivertop Apartments | 1 | 0 | 0 | 11/01/2029 | No | 11/01/2029 | L(24),Def(92),O(4) | No | NAP | |||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 1 | 0 | 5 | 10/01/2029 | No | 10/01/2029 | L(25),Def(92),O(3) | Yes | No | 30,000,000 | 40,000,000 | 70,000,000 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | 1 | 0 | 0 | 11/01/2029 | No | 11/01/2029 | L(24),Def(93),O(3) | No | NAP | |||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | 1 | 0 | 5 | 11/01/2029 | No | 11/01/2029 | L(24),Def(90),O(6) | No | NAP | |||
14 | Both | Barclays | 1 | 200 North Warner Road | 6 | 0 | 0 | 11/06/2029 | No | 11/06/2029 | L(24),Def(91),O(5) | No | NAP | |||
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | 6 | 0 | 0 | 07/06/2029 | Yes | 06/06/2034 | L(24),Grtr1%orYM(4),DeforGrtr1%orYM(85),O(7) | Yes | No | 25,000,000 | 325,000,000 | 350,000,000 |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | 6 | 0 | 0 | 10/06/2024 | No | 10/06/2024 | L(25),Def(31),O(4) | No | NAP | |||
16.01 | Property | RMF | 1 | Bohemia Self Storage | ||||||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | ||||||||||||
17 | Both | Barclays | 1 | One Main Plaza | 6 | 0 | 0 | 08/06/2029 | No | 08/06/2029 | L(27),Def(89),O(4) | No | NAP | |||
18 | Both | SGFC | 1 | Crocs Distribution Center | 1 | 5 | 0 | 10/01/2029 | Yes | 09/01/2030 | L(60),Grtr1%orYM(57),O(3) | No | NAP | |||
19 | Both | Natixis | 1 | Walgreens South Beach | 5 | 0 | 0 | 09/05/2029 | No | 09/05/2029 | L(26),Def(91),O(3) | No | NAP | |||
20 | Both | Natixis | 1 | SpringHill Suites Newark | 5 | 0 | 0 | 09/05/2029 | No | 09/05/2029 | L(26),Def(91),O(3) | No | NAP | |||
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Payment Date | Grace Period (Late Payment) | Grace Period (Default)(10) | Maturity/ARD Date | ARD Loan(11) | Final Maturity Date | Prepayment Provisions(12) | Pari Passu (Y/N) | Pari Passu Note Control (Y/N) | Original Balance Piece In Trust ($) | Original Balance Piece Non-Trust ($) | Total Original Balance Pari Passu Debt ($) |
22 | Loan | SGFC | 2 | Bison Portfolio | 1 | 0 | 0 | 09/01/2024 | No | 09/01/2024 | L(26),Def(29),O(5) | Yes | No | 19,600,000 | 20,400,000 | 40,000,000 |
22.01 | Property | SGFC | 1 | Spring Creek | ||||||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | ||||||||||||
23 | Both | SGFC | 1 | 145 Spring Street | 1 | 5 | 5 | 10/01/2029 | No | 10/01/2029 | L(25),Def(90),O(5) | No | NAP | |||
24 | Both | KeyBank | 1 | North Heights Plaza | 1 | 0 | 5 | 11/01/2029 | No | 11/01/2029 | L(24),Def(90),O(6) | No | NAP | |||
25 | Both | Barclays | 1 | Southchase Village | 6 | 0 | 0 | 09/06/2029 | No | 09/06/2029 | L(26),Def(87),O(7) | No | NAP | |||
26 | Both | Barclays | 1 | Scottsdale Gateway II | 6 | 0 | 0 | 11/06/2029 | No | 11/06/2029 | L(24),Def(92),O(4) | No | NAP | |||
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | Yes | No | 14,300,000 | 17,500,000 | 31,800,000 |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | ||||||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | ||||||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | ||||||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | ||||||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | ||||||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | ||||||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | ||||||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | ||||||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | ||||||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | ||||||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | ||||||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | ||||||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | ||||||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | 6 | 0 | 0 | 11/06/2029 | No | 11/06/2029 | L(24),Def(92),O(4) | No | NAP | |||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | ||||||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | ||||||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | 1 | 0 | 0 | 10/01/2029 | No | 10/01/2029 | L(25),Def(91),O(4) | No | NAP | |||
31 | Both | KeyBank | 1 | Extra Space - McLean | 1 | 3 | 3 | 11/01/2029 | No | 11/01/2029 | L(24),Def(93),O(3) | No | NAP | |||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | 6 | 0 | 0 | 09/06/2029 | No | 09/06/2029 | L(26),Def(90),O(4) | No | NAP | |||
33 | Both | BSPRT | 1 | Aloft Dulles North | 6 | 0 | 0 | 11/06/2029 | No | 11/06/2029 | L(24),Def(92),O(4) | No | NAP | |||
34 | Both | RMF | 1 | Kohl’s Highland Heights | 6 | 0 | 0 | 10/06/2024 | No | 10/06/2024 | L(25),Def(31),O(4) | No | NAP | |||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | 1 | 5 | 5 | 10/01/2029 | No | 10/01/2029 | L(25),Grtr1%orYM(92),O(3) | No | NAP | |||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(90),O(5) | No | NAP | |||
37 | Both | BSPRT | 1 | Beau Terre Apartments | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
38 | Both | Natixis | 1 | Westar Place | 5 | 0 | 0 | 11/05/2029 | No | 11/05/2029 | L(24),Def(93),O(3) | No | NAP | |||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | 6 | 0 | 0 | 09/06/2029 | No | 09/06/2029 | L(24),Grtr1%orYM(92),O(4) | No | NAP | |||
40 | Both | Barclays | 1 | Hen House Marketplace | 6 | 5 (Once per trailing 12-month period) | 0 | 10/06/2029 | No | 10/06/2029 | L(23),Grtr1%orYM(93),O(4) | No | NAP | |||
41 | Both | Barclays | 1 | North Plains Self Storage | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(24),Grtr1%orYM(92),O(4) | No | NAP | |||
42 | Both | Barclays | 1 | The Burgundy | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | 1 | 5 | 5 | 10/01/2029 | No | 10/01/2029 | L(25),Def(92),O(3) | No | NAP | |||
44 | Both | Barclays | 1 | Vineland Leased Fee | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
45 | Both | RMF | 1 | Stor & Go Self Storage | 6 | 0 | 0 | 09/06/2029 | No | 09/06/2029 | L(26),Def(90),O(4) | No | NAP | |||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | 6 | 0 | 0 | 11/06/2029 | No | 11/06/2029 | L(24),Def(92),O(4) | No | NAP | |||
47 | Both | Barclays | 1 | Oak Brook Apartments | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
48 | Both | SGFC | 1 | LA Fitness Spring | 1 | 0 | 0 | 10/01/2029 | Yes | 09/01/2034 | L(60),Grtr1%orYM(56),O(4) | No | NAP | |||
49 | Loan | Natixis | 4 | Vanguard Portfolio | 7 | 0 | 0 | 11/07/2028 | No | 11/07/2028 | L(36),Def(81),O(3) | Yes | No | 4,825,000 | 112,017,500 | 116,842,500 |
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | ||||||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | ||||||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | ||||||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | ||||||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | 6 | 0 | 0 | 11/06/2029 | No | 11/06/2029 | L(24),Def(92),O(4) | No | NAP | |||
51 | Both | RMF | 1 | Marval Plaza | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
52 | Both | BSPRT | 1 | Brownsville Plaza | 6 | 0 | 0 | 10/06/2029 | No | 10/06/2029 | L(25),Def(91),O(4) | No | NAP | |||
53 | Both | KeyBank | 1 | Lake Bluff Village | 1 | 0 | 0 | 11/01/2029 | No | 11/01/2029 | L(24),Def(93),O(3) | No | NAP | |||
54 | Both | BSPRT | 1 | Sandstone Apartments | 6 | 0 | 0 | 09/06/2029 | No | 09/06/2029 | L(26),Def(90),O(4) | No | NAP | |||
55 | Both | KeyBank | 1 | Bayfield MHP | 1 | 0 | 0 | 10/01/2029 | No | 10/01/2029 | L(25),Grtr1%orYM(92),O(3) | No | NAP |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Total Current Balance Pari Passu Debt ($) | Additional Debt Permitted (Y/N)(13) | Additional Debt Exist (Y/N)(13) | Additional Debt Type(s)(13) | Additional Debt Current Balance ($) | Additional Debt Interest Rate % | Total Debt Current Balance ($) | Total Debt UW NCF DSCR (x) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | 204,000,000 | No | No | NAP | NAP | NAP | 204,000,000 | 2.60 |
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | ||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | ||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | ||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | ||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | ||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | ||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | ||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | ||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | ||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | ||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | ||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | ||||||||
2 | Both | SGFC | 1 | Presidential City | 117,000,000 | No | Yes | B-Note ($100,600,000)/Senior Mezzanine Loan ($52,400,000)/Junior Mezzanine Loan ($20,000,000) | 173,000,000 | 4.85904666780007 | 290,000,000 | 1.41 |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | 87,500,000 | Yes | No | NAP | NAP | NAP | 87,500,000 | 3.61 |
4 | Both | Natixis | 1 | NEMA San Francisco | 205,000,000 | No | Yes | A-B Note ($69,000,000)/B-1 Note ($60,000,000)/B-2 Note ($50,000,000) | 179,000,000 | 4.98091057430983 | 384,000,000 | 1.15 |
5 | Both | RMF | 1 | Equinix Data Center | 100,000,000 | No | No | NAP | NAP | NAP | 100,000,000 | 2.44 |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | 139,100,000 | Yes | No | NAP | NAP | NAP | 139,100,000 | 1.68 |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | ||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | ||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | ||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | ||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | ||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | ||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | ||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | ||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | ||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | ||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | ||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | ||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | ||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | ||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | ||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | ||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | ||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | ||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | ||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | ||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | ||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | ||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | ||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | ||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | ||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | ||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | ||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | ||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | ||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | ||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | ||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | ||||||||
7 | Both | Natixis | 1 | Uline Arena | 120,000,000 | Yes | No | NAP | NAP | NAP | 120,000,000 | 1.75 |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 220,000,000 | No | Yes | A-B Note | 130,000,000 | 4.15000 | 350,000,000 | 1.47 |
9 | Both | Natixis | 1 | 765 Broad Street | No | No | NAP | NAP | NAP | NAP | NAP | |
10 | Both | KeyBank | 1 | Rivertop Apartments | No | No | NAP | NAP | NAP | NAP | NAP | |
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 69,901,861 | No | No | NAP | NAP | NAP | 69,901,861 | 2.15 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | No | No | NAP | NAP | NAP | NAP | NAP | |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | No | No | NAP | NAP | NAP | NAP | NAP | |
14 | Both | Barclays | 1 | 200 North Warner Road | No | No | NAP | NAP | NAP | NAP | NAP | |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | 350,000,000 | No | Yes | B-Notes ($155,000,000)/Mezzanine Loan ($85,000,000) | 240,000,000 | 4.46728458333333 | 590,000,000 | 1.91 |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | Yes | No | NAP | NAP | NAP | NAP | NAP | |
16.01 | Property | RMF | 1 | Bohemia Self Storage | ||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | ||||||||
17 | Both | Barclays | 1 | One Main Plaza | No | No | NAP | NAP | NAP | NAP | NAP | |
18 | Both | SGFC | 1 | Crocs Distribution Center | No | No | NAP | NAP | NAP | NAP | NAP | |
19 | Both | Natixis | 1 | Walgreens South Beach | Yes | No | NAP | NAP | NAP | NAP | NAP | |
20 | Both | Natixis | 1 | SpringHill Suites Newark | No | No | NAP | NAP | NAP | NAP | NAP | |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | Yes | No | NAP | NAP | NAP | NAP | NAP |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Total Current Balance Pari Passu Debt ($) | Additional Debt Permitted (Y/N)(13) | Additional Debt Exist (Y/N)(13) | Additional Debt Type(s)(13) | Additional Debt Current Balance ($) | Additional Debt Interest Rate % | Total Debt Current Balance ($) | Total Debt UW NCF DSCR (x) |
22 | Loan | SGFC | 2 | Bison Portfolio | 39,895,345 | No | No | NAP | NAP | NAP | 39,895,345 | 1.82 |
22.01 | Property | SGFC | 1 | Spring Creek | ||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | ||||||||
23 | Both | SGFC | 1 | 145 Spring Street | No | Yes | Mezzanine | 2,500,000 | 10.25000 | 21,000,000 | 1.15 | |
24 | Both | KeyBank | 1 | North Heights Plaza | Yes | No | NAP | NAP | NAP | NAP | NAP | |
25 | Both | Barclays | 1 | Southchase Village | No | No | NAP | NAP | NAP | NAP | NAP | |
26 | Both | Barclays | 1 | Scottsdale Gateway II | No | No | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | 31,800,000 | No | Yes | Mezzanine | 8,500,000 | 11.00000 | 40,300,000 | 1.17 |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | ||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | ||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | ||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | ||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | ||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | ||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | ||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | ||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | ||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | ||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | ||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | ||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | ||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | No | No | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | ||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | ||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | No | No | NAP | NAP | NAP | NAP | NAP | |
31 | Both | KeyBank | 1 | Extra Space - McLean | No | No | NAP | NAP | NAP | NAP | NAP | |
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | No | No | NAP | NAP | NAP | NAP | NAP | |
33 | Both | BSPRT | 1 | Aloft Dulles North | No | No | NAP | NAP | NAP | NAP | NAP | |
34 | Both | RMF | 1 | Kohl’s Highland Heights | No | No | NAP | NAP | NAP | NAP | NAP | |
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | Yes | No | NAP | NAP | NAP | NAP | NAP | |
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | Yes | No | NAP | NAP | NAP | NAP | NAP | |
37 | Both | BSPRT | 1 | Beau Terre Apartments | No | No | NAP | NAP | NAP | NAP | NAP | |
38 | Both | Natixis | 1 | Westar Place | No | No | NAP | NAP | NAP | NAP | NAP | |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | No | No | NAP | NAP | NAP | NAP | NAP | |
40 | Both | Barclays | 1 | Hen House Marketplace | No | No | NAP | NAP | NAP | NAP | NAP | |
41 | Both | Barclays | 1 | North Plains Self Storage | No | No | NAP | NAP | NAP | NAP | NAP | |
42 | Both | Barclays | 1 | The Burgundy | No | No | NAP | NAP | NAP | NAP | NAP | |
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | No | No | NAP | NAP | NAP | NAP | NAP | |
44 | Both | Barclays | 1 | Vineland Leased Fee | No | No | NAP | NAP | NAP | NAP | NAP | |
45 | Both | RMF | 1 | Stor & Go Self Storage | Yes | No | NAP | NAP | NAP | NAP | NAP | |
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | No | No | NAP | NAP | NAP | NAP | NAP | |
47 | Both | Barclays | 1 | Oak Brook Apartments | No | No | NAP | NAP | NAP | NAP | NAP | |
48 | Both | SGFC | 1 | LA Fitness Spring | No | No | NAP | NAP | NAP | NAP | NAP | |
49 | Loan | Natixis | 4 | Vanguard Portfolio | 116,842,500 | No | Yes | B-Note | 12,982,500 | 9.05000 | 129,825,000 | 1.68 |
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | ||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | ||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | ||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | ||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | Yes | No | NAP | NAP | NAP | NAP | NAP | |
51 | Both | RMF | 1 | Marval Plaza | No | No | NAP | NAP | NAP | NAP | NAP | |
52 | Both | BSPRT | 1 | Brownsville Plaza | No | No | NAP | NAP | NAP | NAP | NAP | |
53 | Both | KeyBank | 1 | Lake Bluff Village | No | No | NAP | NAP | NAP | NAP | NAP | |
54 | Both | BSPRT | 1 | Sandstone Apartments | No | No | NAP | NAP | NAP | NAP | NAP | |
55 | Both | KeyBank | 1 | Bayfield MHP | No | No | NAP | NAP | NAP | NAP | NAP |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Total Debt Current LTV (%) | Total Debt UW NOI Debt Yield (%) | Current U/W NOI Debt Yield (%) | Current U/W NCF Debt Yield (%) | U/W NOI DSCR (x)(14) | U/W NCF DSCR (x)(14) | U/W Economic Occupancy (%) | U/W Revenues ($)(15) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Capital Items ($)(16) | U/W Net Cash Flow ($) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | 55.1% | 10.6% | 10.6% | 9.6% | 2.86 | 2.60 | 93.1% | 30,087,669 | 8,504,333 | 21,583,336 | 1,946,828 | 19,636,508 |
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | 92.2% | 8,175,080 | 2,512,682 | 5,662,397 | 429,626 | 5,232,771 | ||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | 95.0% | 6,543,704 | 2,370,142 | 4,173,562 | 278,538 | 3,895,024 | ||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | 91.3% | 5,280,885 | 1,031,176 | 4,249,709 | 389,181 | 3,860,528 | ||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | 92.5% | 1,471,241 | 340,243 | 1,130,998 | 109,923 | 1,021,075 | ||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | 95.0% | 1,701,664 | 586,675 | 1,114,989 | 86,016 | 1,028,973 | ||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | 93.8% | 1,583,858 | 469,084 | 1,114,774 | 85,448 | 1,029,326 | ||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | 93.0% | 1,269,968 | 341,567 | 928,401 | 65,986 | 862,415 | ||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | 92.5% | 874,187 | 129,351 | 744,837 | 82,384 | 662,452 | ||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | 92.0% | 935,275 | 177,122 | 758,153 | 104,812 | 653,341 | ||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | 95.0% | 872,060 | 215,774 | 656,286 | 226,318 | 429,968 | ||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | 95.9% | 783,125 | 164,948 | 618,177 | 52,480 | 565,697 | ||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | 92.5% | 596,622 | 165,570 | 431,053 | 36,115 | 394,938 | ||||||
2 | Both | SGFC | 1 | Presidential City | 76.3% | 6.3% | 15.5% | 15.3% | 4.38 | 4.30 | 94.0% | 24,916,379 | 6,760,701 | 18,155,679 | 303,813 | 17,851,866 |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | 51.5% | 11.6% | 11.6% | 11.0% | 3.81 | 3.61 | 95.0% | 15,626,531 | 5,441,084 | 10,185,447 | 540,181 | 9,645,265 |
4 | Both | Natixis | 1 | NEMA San Francisco | 70.6% | 5.5% | 10.3% | 10.2% | 2.29 | 2.27 | 94.0% | 35,118,992 | 13,967,383 | 21,151,609 | 178,684 | 20,972,925 |
5 | Both | RMF | 1 | Equinix Data Center | 49.8% | 8.2% | 8.2% | 8.2% | 2.44 | 2.44 | 100.0% | 8,170,147 | 0 | 8,170,147 | 0 | 8,170,147 |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | 61.8% | 9.5% | 9.5% | 9.4% | 1.70 | 1.68 | 84.1% | 21,860,451 | 8,604,656 | 13,255,794 | 210,853 | 13,044,942 |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | 86.6% | 1,371,838 | 352,371 | 1,019,467 | 14,508 | 1,004,959 | ||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | 89.4% | 1,206,363 | 475,170 | 731,194 | 10,133 | 721,061 | ||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | 87.9% | 1,132,189 | 307,323 | 824,866 | 10,472 | 814,394 | ||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | 87.2% | 1,056,886 | 269,654 | 787,232 | 7,578 | 779,654 | ||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | 81.1% | 973,042 | 298,483 | 674,559 | 7,328 | 667,231 | ||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | 89.4% | 1,056,555 | 458,166 | 598,388 | 9,997 | 588,391 | ||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | 90.3% | 896,476 | 343,580 | 552,896 | 7,167 | 545,729 | ||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | 87.4% | 902,153 | 379,768 | 522,385 | 8,725 | 513,660 | ||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | 81.0% | 885,487 | 300,853 | 584,634 | 11,033 | 573,602 | ||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | 77.8% | 866,329 | 330,016 | 536,313 | 8,931 | 527,382 | ||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | 89.6% | 759,633 | 262,293 | 497,340 | 6,037 | 491,303 | ||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | 86.5% | 787,337 | 369,632 | 417,705 | 4,858 | 412,847 | ||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | 87.2% | 722,836 | 285,912 | 436,924 | 7,595 | 429,329 | ||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | 78.6% | 693,963 | 292,625 | 401,338 | 6,758 | 394,580 | ||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | 83.9% | 684,576 | 242,116 | 442,461 | 5,348 | 437,113 | ||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | 80.9% | 685,459 | 299,282 | 386,177 | 6,720 | 379,457 | ||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | 83.3% | 646,409 | 246,760 | 399,649 | 6,523 | 393,126 | ||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | 88.0% | 614,654 | 265,261 | 349,393 | 6,147 | 343,246 | ||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | 84.8% | 593,198 | 263,866 | 329,332 | 5,675 | 323,657 | ||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | 78.1% | 520,767 | 202,127 | 318,640 | 5,750 | 312,890 | ||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | 77.8% | 568,362 | 263,257 | 305,105 | 5,429 | 299,676 | ||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | 87.1% | 539,582 | 258,616 | 280,965 | 6,080 | 274,886 | ||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | 88.9% | 506,435 | 220,828 | 285,607 | 4,415 | 281,192 | ||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | 90.1% | 441,216 | 191,693 | 249,523 | 5,639 | 243,884 | ||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | 77.5% | 391,623 | 162,060 | 229,563 | 5,662 | 223,901 | ||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | 79.1% | 441,950 | 259,156 | 182,795 | 4,520 | 178,275 | ||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | 60.7% | 441,743 | 217,467 | 224,276 | 4,667 | 219,609 | ||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | 84.6% | 355,058 | 160,484 | 194,575 | 3,703 | 190,872 | ||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | 79.9% | 294,168 | 148,767 | 145,401 | 3,160 | 142,241 | ||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | 84.4% | 282,401 | 160,402 | 121,998 | 3,288 | 118,711 | ||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | 76.1% | 292,944 | 170,352 | 122,592 | 3,836 | 118,756 | ||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | 85.4% | 248,817 | 146,316 | 102,502 | 3,175 | 99,327 | ||||||
7 | Both | Natixis | 1 | Uline Arena | 56.6% | 7.4% | 7.4% | 7.2% | 1.81 | 1.75 | 91.9% | 13,322,582 | 4,431,507 | 8,891,075 | 273,219 | 8,617,856 |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 63.3% | 6.2% | 9.9% | 9.8% | 2.35 | 2.34 | 86.9% | 41,869,092 | 20,152,705 | 21,716,388 | 56,200 | 21,660,188 |
9 | Both | Natixis | 1 | 765 Broad Street | NAP | NAP | 9.1% | 9.0% | 1.91 | 1.88 | 95.0% | 4,471,039 | 1,380,565 | 3,090,474 | 48,996 | 3,041,478 |
10 | Both | KeyBank | 1 | Rivertop Apartments | NAP | NAP | 8.6% | 8.4% | 2.56 | 2.52 | 89.5% | 4,162,557 | 1,471,622 | 2,690,935 | 44,800 | 2,646,135 |
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 51.6% | 14.0% | 14.0% | 11.9% | 2.52 | 2.15 | 41.5% | 34,716,217 | 24,920,254 | 9,795,963 | 1,450,357 | 8,345,606 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | NAP | NAP | 9.9% | 8.2% | 2.64 | 2.19 | 85.0% | 4,661,997 | 1,751,031 | 2,910,966 | 495,953 | 2,415,012 |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | NAP | NAP | 10.2% | 9.6% | 1.86 | 1.75 | 89.5% | 3,943,498 | 1,036,596 | 2,906,902 | 164,650 | 2,742,252 |
14 | Both | Barclays | 1 | 200 North Warner Road | NAP | NAP | 9.9% | 9.2% | 1.74 | 1.61 | 83.0% | 4,161,037 | 1,449,007 | 2,712,030 | 201,105 | 2,510,925 |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | 74.7% | 7.9% | 13.2% | 13.2% | 3.47 | 3.46 | 97.5% | 57,629,637 | 11,259,997 | 46,369,641 | 145,025 | 46,224,616 |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | NAP | NAP | 8.9% | 8.7% | 1.85 | 1.82 | 80.6% | 3,060,202 | 932,174 | 2,128,029 | 34,284 | 2,093,745 |
16.01 | Property | RMF | 1 | Bohemia Self Storage | 83.7% | 2,111,369 | 584,380 | 1,526,988 | 23,026 | 1,503,963 | ||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | 74.6% | 948,833 | 347,793 | 601,040 | 11,258 | 589,783 | ||||||
17 | Both | Barclays | 1 | One Main Plaza | NAP | NAP | 9.3% | 8.8% | 2.40 | 2.26 | 90.1% | 3,205,674 | 1,022,961 | 2,182,713 | 121,696 | 2,061,017 |
18 | Both | SGFC | 1 | Crocs Distribution Center | NAP | NAP | 9.0% | 8.5% | 1.56 | 1.48 | 95.0% | 2,343,699 | 271,939 | 2,071,760 | 112,746 | 1,959,014 |
19 | Both | Natixis | 1 | Walgreens South Beach | NAP | NAP | 7.2% | 7.2% | 1.65 | 1.65 | 97.0% | 2,064,057 | 541,719 | 1,522,338 | 0 | 1,522,338 |
20 | Both | Natixis | 1 | SpringHill Suites Newark | NAP | NAP | 10.3% | 9.3% | 1.76 | 1.59 | 70.9% | 5,172,801 | 3,055,719 | 2,117,082 | 206,912 | 1,910,170 |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | NAP | NAP | 26.7% | 26.5% | 9.43 | 9.38 | 88.3% | 6,567,085 | 1,225,953 | 5,341,132 | 31,153 | 5,309,980 |
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Total Debt Current LTV (%) | Total Debt UW NOI Debt Yield (%) | Current U/W NOI Debt Yield (%) | Current U/W NCF Debt Yield (%) | U/W NOI DSCR (x)(14) | U/W NCF DSCR (x)(14) | U/W Economic Occupancy (%) | U/W Revenues ($)(15) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Capital Items ($)(16) | U/W Net Cash Flow ($) |
22 | Loan | SGFC | 2 | Bison Portfolio | 70.5% | 11.5% | 11.5% | 10.8% | 1.94 | 1.82 | 94.7% | 5,667,127 | 1,068,769 | 4,598,358 | 278,534 | 4,319,823 |
22.01 | Property | SGFC | 1 | Spring Creek | 94.6% | 4,438,055 | 776,104 | 3,661,950 | 182,706 | 3,479,245 | ||||||
22.02 | Property | SGFC | 1 | Steele Crossing | 95.0% | 1,229,072 | 292,665 | 936,407 | 95,829 | 840,578 | ||||||
23 | Both | SGFC | 1 | 145 Spring Street | 76.1% | 5.7% | 6.5% | 6.4% | 1.54 | 1.53 | 97.2% | 1,526,660 | 328,429 | 1,198,231 | 7,036 | 1,191,195 |
24 | Both | KeyBank | 1 | North Heights Plaza | NAP | NAP | 10.8% | 9.8% | 1.78 | 1.63 | 92.5% | 2,990,033 | 1,016,212 | 1,973,821 | 173,241 | 1,800,580 |
25 | Both | Barclays | 1 | Southchase Village | NAP | NAP | 12.2% | 11.4% | 3.18 | 2.98 | 83.7% | 2,832,829 | 818,517 | 2,014,312 | 128,046 | 1,886,266 |
26 | Both | Barclays | 1 | Scottsdale Gateway II | NAP | NAP | 9.3% | 8.4% | 1.57 | 1.41 | 90.8% | 2,468,828 | 931,671 | 1,537,157 | 153,222 | 1,383,935 |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | 79.5% | 7.0% | 8.9% | 8.6% | 2.02 | 1.96 | 96.7% | 2,931,161 | 113,838 | 2,817,323 | 85,533 | 2,731,790 |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | 98.0% | 518,420 | 20,022 | 498,398 | 0 | 498,398 | ||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | 95.0% | 346,750 | 13,596 | 333,154 | 18,695 | 314,460 | ||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | 95.0% | 303,525 | 11,901 | 291,624 | 19,514 | 272,110 | ||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | 98.0% | 201,410 | 7,779 | 193,631 | 0 | 193,631 | ||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | 98.0% | 197,776 | 7,638 | 190,138 | 0 | 190,138 | ||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | 95.0% | 214,180 | 8,398 | 205,783 | 17,417 | 188,365 | ||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | 95.0% | 245,278 | 9,513 | 235,764 | 14,424 | 221,340 | ||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | 98.0% | 155,582 | 6,009 | 149,573 | 0 | 149,573 | ||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | 98.0% | 159,330 | 6,153 | 153,177 | 0 | 153,177 | ||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | 98.0% | 154,962 | 5,985 | 148,977 | 0 | 148,977 | ||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | 98.0% | 156,800 | 6,056 | 150,744 | 0 | 150,744 | ||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | 98.0% | 129,747 | 5,011 | 124,736 | 0 | 124,736 | ||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | 95.0% | 147,402 | 5,779 | 141,623 | 15,482 | 126,140 | ||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | NAP | NAP | 14.5% | 13.2% | 2.56 | 2.33 | 75.6% | 4,521,608 | 2,490,768 | 2,030,839 | 180,864 | 1,849,975 |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | NAP | NAP | 10.6% | 9.9% | 1.83 | 1.71 | 92.3% | 1,821,666 | 382,573 | 1,439,093 | 95,928 | 1,343,166 |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | 87.9% | 966,159 | 225,179 | 740,980 | 67,595 | 673,386 | ||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | 97.9% | 855,507 | 157,394 | 698,113 | 28,333 | 669,780 | ||||||
30 | Both | KeyBank | 1 | Providence Pavilion | NAP | NAP | 9.2% | 8.4% | 1.61 | 1.45 | 90.8% | 1,616,386 | 460,849 | 1,155,537 | 111,764 | 1,043,772 |
31 | Both | KeyBank | 1 | Extra Space - McLean | NAP | NAP | 10.8% | 10.7% | 3.42 | 3.41 | 90.3% | 1,784,168 | 493,823 | 1,290,345 | 5,431 | 1,284,914 |
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | NAP | NAP | 14.3% | 12.8% | 2.54 | 2.28 | 85.5% | 4,304,749 | 2,612,310 | 1,692,439 | 172,190 | 1,520,249 |
33 | Both | BSPRT | 1 | Aloft Dulles North | NAP | NAP | 12.1% | 10.7% | 2.02 | 1.78 | 75.8% | 4,078,878 | 2,713,384 | 1,365,494 | 163,155 | 1,202,339 |
34 | Both | RMF | 1 | Kohl’s Highland Heights | NAP | NAP | 8.9% | 8.8% | 1.79 | 1.77 | 100.0% | 1,008,656 | 20,370 | 988,286 | 12,056 | 976,230 |
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | NAP | NAP | 10.7% | 10.3% | 3.25 | 3.12 | 92.0% | 1,895,341 | 797,820 | 1,097,521 | 45,000 | 1,052,521 |
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | NAP | NAP | 14.4% | 13.2% | 2.64 | 2.41 | 77.5% | 3,226,896 | 1,748,588 | 1,478,308 | 129,076 | 1,349,232 |
37 | Both | BSPRT | 1 | Beau Terre Apartments | NAP | NAP | 9.6% | 9.2% | 1.66 | 1.59 | 93.8% | 1,611,966 | 682,498 | 929,468 | 42,000 | 887,468 |
38 | Both | Natixis | 1 | Westar Place | NAP | NAP | 11.7% | 8.8% | 2.01 | 1.51 | 94.0% | 2,121,853 | 1,027,371 | 1,094,481 | 270,270 | 824,212 |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | NAP | NAP | 11.0% | 9.8% | 1.88 | 1.69 | 78.5% | 2,583,634 | 1,598,761 | 984,873 | 103,345 | 881,528 |
40 | Both | Barclays | 1 | Hen House Marketplace | NAP | NAP | 9.1% | 8.2% | 1.61 | 1.46 | 95.0% | 1,234,750 | 489,807 | 744,942 | 71,560 | 673,382 |
41 | Both | Barclays | 1 | North Plains Self Storage | NAP | NAP | 20.2% | 19.8% | 3.81 | 3.75 | 89.3% | 2,075,607 | 505,720 | 1,569,888 | 24,894 | 1,544,994 |
42 | Both | Barclays | 1 | The Burgundy | NAP | NAP | 9.1% | 8.8% | 1.65 | 1.58 | 93.8% | 1,403,037 | 706,939 | 696,098 | 27,750 | 668,348 |
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | NAP | NAP | 9.8% | 9.7% | 1.85 | 1.82 | 84.7% | 1,129,943 | 420,792 | 709,150 | 10,485 | 698,666 |
44 | Both | Barclays | 1 | Vineland Leased Fee | NAP | NAP | 13.2% | 12.6% | 3.76 | 3.57 | 95.0% | 1,186,414 | 326,236 | 860,178 | 43,837 | 816,341 |
45 | Both | RMF | 1 | Stor & Go Self Storage | NAP | NAP | 9.1% | 8.9% | 1.52 | 1.49 | 86.7% | 818,858 | 239,138 | 579,720 | 9,791 | 569,929 |
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | NAP | NAP | 13.5% | 12.1% | 2.29 | 2.06 | 74.9% | 2,196,318 | 1,344,974 | 851,343 | 87,853 | 763,491 |
47 | Both | Barclays | 1 | Oak Brook Apartments | NAP | NAP | 9.0% | 8.6% | 1.63 | 1.56 | 93.2% | 931,810 | 371,016 | 560,795 | 25,000 | 535,795 |
48 | Both | SGFC | 1 | LA Fitness Spring | NAP | NAP | 9.9% | 9.4% | 1.66 | 1.58 | 95.0% | 587,813 | 17,634 | 570,178 | 27,369 | 542,809 |
49 | Loan | Natixis | 4 | Vanguard Portfolio | 68.6% | 9.0% | 10.1% | 10.0% | 2.04 | 2.03 | 95.0% | 13,837,018 | 2,090,411 | 11,746,607 | 85,299 | 11,661,308 |
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | 95.0% | 5,287,296 | 858,753 | 4,428,543 | 30,249 | 4,398,295 | ||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | 95.0% | 3,285,766 | 513,296 | 2,772,470 | 19,950 | 2,752,520 | ||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | 95.0% | 2,623,142 | 359,005 | 2,264,137 | 17,550 | 2,246,587 | ||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | 95.0% | 2,640,814 | 359,358 | 2,281,456 | 17,550 | 2,263,906 | ||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | NAP | NAP | 9.6% | 9.3% | 1.61 | 1.57 | 95.0% | 644,009 | 242,732 | 401,277 | 8,843 | 392,435 |
51 | Both | RMF | 1 | Marval Plaza | NAP | NAP | 10.0% | 9.6% | 1.70 | 1.62 | 95.0% | 472,255 | 95,902 | 376,353 | 18,155 | 358,198 |
52 | Both | BSPRT | 1 | Brownsville Plaza | NAP | NAP | 10.4% | 9.5% | 1.70 | 1.55 | 96.1% | 570,580 | 304,834 | 265,746 | 23,727 | 242,019 |
53 | Both | KeyBank | 1 | Lake Bluff Village | NAP | NAP | 8.7% | 8.5% | 1.49 | 1.46 | 91.5% | 327,216 | 119,337 | 207,879 | 5,000 | 202,879 |
54 | Both | BSPRT | 1 | Sandstone Apartments | NAP | NAP | 10.6% | 10.1% | 1.72 | 1.64 | 95.0% | 425,409 | 184,429 | 240,979 | 11,500 | 229,479 |
55 | Both | KeyBank | 1 | Bayfield MHP | NAP | NAP | 8.5% | 8.4% | 1.38 | 1.37 | 95.0% | 267,597 | 77,892 | 189,705 | 1,850 | 187,855 |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HISTORICAL FINANCIALS(17) | |||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Most Recent Revenues ($) | Most Recent Expenses ($) | Most Recent NOI ($) | As of | 2018 Revenues ($) | 2018 Expenses ($) | 2018 NOI ($) | 2017 Revenues ($) | 2017 Expenses ($) | 2017 NOI ($) | 2016 Revenues ($) | 2016 Expenses ($) | 2016 NOI ($) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | NAV | NAV | NAV | NAV | |||||||||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | NAV | NAV | NAV | NAV | |||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | NAV | NAV | NAV | NAV | |||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | NAV | NAV | NAV | NAV | |||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | NAV | NAV | NAV | NAV | |||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | NAV | NAV | NAV | NAV | |||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | NAV | NAV | NAV | NAV | |||||||||
2 | Both | SGFC | 1 | Presidential City | 22,608,237 | 6,582,815 | 16,025,422 | TTM 06/30/2019 | |||||||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | 10,014,576 | 4,742,222 | 5,272,354 | TTM 06/30/2019 | 9,146,443 | 4,699,736 | 4,446,707 | 8,838,833 | 4,554,112 | 4,284,721 | 9,191,225 | 3,816,787 | 5,374,439 |
4 | Both | Natixis | 1 | NEMA San Francisco | NAV | NAV | NAV | NAV | 34,344,985 | 13,864,586 | 20,480,399 | 34,416,229 | 13,674,751 | 20,741,478 | 34,609,801 | 13,996,824 | 20,612,978 |
5 | Both | RMF | 1 | Equinix Data Center | NAV | NAV | NAV | NAV | 6,687,602 | 0 | 6,687,602 | 6,678,724 | 0 | 6,678,724 | 6,456,324 | 0 | 6,456,324 |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | 21,860,443 | 7,008,221 | 14,852,222 | TTM 05/31/2019 | 21,574,377 | 6,879,947 | 14,694,430 | 21,626,532 | 6,998,459 | 14,628,073 | 21,420,806 | 6,716,224 | 14,704,582 |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | 1,371,838 | 280,662 | 1,091,176 | TTM 05/31/2019 | 1,317,528 | 277,861 | 1,039,667 | 1,282,191 | 274,667 | 1,007,524 | 592,307 | 150,425 | 441,882 |
6.02 | Property | KeyBank | 1 | Life Storage - 145 | 1,206,363 | 364,414 | 841,949 | TTM 05/31/2019 | 1,214,442 | 360,522 | 853,920 | 1,244,299 | 363,404 | 880,895 | 1,267,566 | 339,084 | 928,482 |
6.03 | Property | KeyBank | 1 | Life Storage - 364 | 1,132,189 | 246,846 | 885,343 | TTM 05/31/2019 | 1,113,268 | 256,114 | 857,154 | 1,098,364 | 244,883 | 853,481 | 1,075,753 | 233,263 | 842,490 |
6.04 | Property | KeyBank | 1 | Life Storage - 365 | 1,056,886 | 212,266 | 844,620 | TTM 05/31/2019 | 1,036,865 | 214,069 | 822,796 | 995,871 | 219,283 | 776,588 | 1,027,769 | 213,303 | 814,466 |
6.05 | Property | KeyBank | 1 | Life Storage - 212 | 973,042 | 205,454 | 767,588 | TTM 05/31/2019 | 963,216 | 198,184 | 765,032 | 1,008,733 | 208,326 | 800,407 | 1,064,892 | 218,134 | 846,758 |
6.06 | Property | KeyBank | 1 | Life Storage - 386 | 1,056,555 | 392,987 | 663,568 | TTM 05/31/2019 | 1,054,597 | 379,656 | 674,941 | 1,018,767 | 358,871 | 659,896 | 1,000,169 | 349,404 | 650,765 |
6.07 | Property | KeyBank | 1 | Life Storage - 256 | 896,476 | 254,477 | 641,999 | TTM 05/31/2019 | 890,575 | 248,777 | 641,798 | 852,468 | 240,624 | 611,844 | 867,763 | 246,760 | 621,003 |
6.08 | Property | KeyBank | 1 | Life Storage - 206 | 902,153 | 319,962 | 582,191 | TTM 05/31/2019 | 907,393 | 305,274 | 602,119 | 971,159 | 309,731 | 661,428 | 1,015,738 | 309,191 | 706,547 |
6.09 | Property | KeyBank | 1 | Life Storage - 324 | 885,487 | 243,690 | 641,797 | TTM 05/31/2019 | 873,141 | 245,857 | 627,284 | 904,412 | 266,449 | 637,963 | 861,409 | 221,221 | 640,188 |
6.10 | Property | KeyBank | 1 | Life Storage - 236 | 866,329 | 291,659 | 574,670 | TTM 05/31/2019 | 850,410 | 280,574 | 569,836 | 887,221 | 286,128 | 601,093 | 844,160 | 268,270 | 575,890 |
6.11 | Property | KeyBank | 1 | Life Storage - 184 | 759,633 | 219,389 | 540,244 | TTM 05/31/2019 | 752,718 | 216,324 | 536,394 | 742,923 | 212,143 | 530,780 | 767,346 | 210,397 | 556,949 |
6.12 | Property | KeyBank | 1 | Life Storage - 500 | 787,337 | 311,311 | 476,026 | TTM 05/31/2019 | 782,684 | 300,256 | 482,428 | 823,454 | 337,932 | 485,522 | 897,351 | 342,501 | 554,850 |
6.13 | Property | KeyBank | 1 | Life Storage - 288 | 722,836 | 235,957 | 486,879 | TTM 05/31/2019 | 717,936 | 239,444 | 478,492 | 750,439 | 243,328 | 507,111 | 785,140 | 237,525 | 547,615 |
6.14 | Property | KeyBank | 1 | Life Storage - 299 | 693,963 | 193,664 | 500,299 | TTM 05/31/2019 | 670,518 | 186,039 | 484,479 | 665,516 | 190,513 | 475,003 | 720,902 | 225,372 | 495,530 |
6.15 | Property | KeyBank | 1 | Life Storage - 209 | 684,576 | 186,661 | 497,915 | TTM 05/31/2019 | 679,253 | 184,256 | 494,997 | 695,171 | 185,392 | 509,779 | 781,624 | 203,139 | 578,485 |
6.16 | Property | KeyBank | 1 | Life Storage - 035 | 685,459 | 271,679 | 413,780 | TTM 05/31/2019 | 694,028 | 273,269 | 420,759 | 687,878 | 268,905 | 418,973 | 710,941 | 279,606 | 431,335 |
6.17 | Property | KeyBank | 1 | Life Storage - 074 | 646,409 | 209,862 | 436,547 | TTM 05/31/2019 | 624,877 | 208,888 | 415,989 | 599,593 | 206,139 | 393,454 | 580,013 | 193,098 | 386,915 |
6.18 | Property | KeyBank | 1 | Life Storage - 252 | 614,654 | 230,886 | 383,768 | TTM 05/31/2019 | 634,148 | 249,660 | 384,488 | 630,855 | 246,675 | 384,180 | 625,116 | 235,988 | 389,128 |
6.19 | Property | KeyBank | 1 | Life Storage - 033 | 593,198 | 240,137 | 353,061 | TTM 05/31/2019 | 577,501 | 228,717 | 348,784 | 576,342 | 227,031 | 349,311 | 619,193 | 224,018 | 395,175 |
6.20 | Property | KeyBank | 1 | Life Storage - 205 | 520,767 | 195,046 | 325,721 | TTM 05/31/2019 | 504,062 | 187,825 | 316,237 | 489,743 | 186,975 | 302,768 | 486,355 | 184,363 | 301,992 |
6.21 | Property | KeyBank | 1 | Life Storage - 300 | 568,362 | 169,486 | 398,876 | TTM 05/31/2019 | 563,623 | 163,530 | 400,093 | 568,525 | 185,243 | 383,282 | 615,984 | 182,932 | 433,052 |
6.22 | Property | KeyBank | 1 | Life Storage - 026 | 539,582 | 207,656 | 331,926 | TTM 05/31/2019 | 521,480 | 209,614 | 311,866 | 504,535 | 191,947 | 312,588 | 487,969 | 184,503 | 303,466 |
6.23 | Property | KeyBank | 1 | Life Storage - 361 | 506,435 | 191,813 | 314,622 | TTM 05/31/2019 | 486,820 | 183,340 | 303,480 | 479,039 | 188,535 | 290,504 | 473,681 | 181,319 | 292,362 |
6.24 | Property | KeyBank | 1 | Life Storage - 165 | 441,216 | 157,665 | 283,551 | TTM 05/31/2019 | 439,626 | 157,093 | 282,533 | 403,839 | 165,632 | 238,207 | 396,292 | 148,735 | 247,557 |
6.25 | Property | KeyBank | 1 | Life Storage - 208 | 391,623 | 128,538 | 263,085 | TTM 05/31/2019 | 402,560 | 110,964 | 291,596 | 426,983 | 141,398 | 285,585 | 461,783 | 152,896 | 308,887 |
6.26 | Property | KeyBank | 1 | Life Storage - 211 | 441,950 | 167,615 | 274,335 | TTM 05/31/2019 | 427,891 | 162,489 | 265,402 | 435,315 | 172,012 | 263,303 | 438,979 | 168,096 | 270,883 |
6.27 | Property | KeyBank | 1 | Life Storage - 021 | 441,743 | 199,033 | 242,710 | TTM 05/31/2019 | 425,679 | 187,860 | 237,819 | 414,209 | 193,887 | 220,322 | 442,301 | 175,770 | 266,531 |
6.28 | Property | KeyBank | 1 | Life Storage - 298 | 355,058 | 128,332 | 226,726 | TTM 05/31/2019 | 348,863 | 127,208 | 221,655 | 369,175 | 131,414 | 237,761 | 394,805 | 125,828 | 268,977 |
6.29 | Property | KeyBank | 1 | Life Storage - 297 | 294,168 | 121,887 | 172,281 | TTM 05/31/2019 | 293,946 | 115,124 | 178,822 | 310,234 | 118,905 | 191,329 | 330,275 | 121,270 | 209,005 |
6.30 | Property | KeyBank | 1 | Life Storage - 153 | 282,401 | 140,949 | 141,452 | TTM 05/31/2019 | 276,078 | 138,872 | 137,206 | 266,683 | 133,932 | 132,751 | 263,192 | 131,520 | 131,672 |
6.31 | Property | KeyBank | 1 | Life Storage - 075 | 292,944 | 155,103 | 137,841 | TTM 05/31/2019 | 284,365 | 150,407 | 133,958 | 278,651 | 148,057 | 130,594 | 286,372 | 132,504 | 153,868 |
6.32 | Property | KeyBank | 1 | Life Storage - 152 | 248,817 | 133,135 | 115,682 | TTM 05/31/2019 | 244,294 | 131,880 | 112,414 | 243,955 | 150,098 | 93,857 | 237,675 | 125,789 | 111,886 |
7 | Both | Natixis | 1 | Uline Arena | 7,638,927 | 4,040,587 | 3,598,340 | TTM 05/31/2019 | 6,513,196 | 3,653,287 | 2,859,908 | ||||||
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 40,206,841 | 19,998,236 | 20,208,605 | TTM 01/31/2019 | 39,378,213 | 19,905,778 | 19,472,435 | 18,246,774 | 15,684,622 | 2,562,152 | |||
9 | Both | Natixis | 1 | 765 Broad Street | 1,335,381 | 1,223,679 | 111,702 | TTM 02/28/2019 | |||||||||
10 | Both | KeyBank | 1 | Rivertop Apartments | NAV | NAV | NAV | NAV | |||||||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 34,919,298 | 24,871,669 | 10,047,629 | TTM 06/30/2019 | 34,076,499 | 24,306,652 | 9,769,847 | 32,840,716 | 23,779,307 | 9,061,409 | 31,987,332 | 23,017,138 | 8,970,194 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | 3,777,471 | 1,525,936 | 2,251,535 | TTM 08/31/2019 | 4,439,569 | 1,592,274 | 2,847,295 | 3,914,835 | 1,584,190 | 2,330,646 | 4,770,349 | 1,619,564 | 3,150,785 |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | NAV | NAV | NAV | NAV | |||||||||
14 | Both | Barclays | 1 | 200 North Warner Road | 3,632,170 | 1,440,183 | 2,191,987 | TTM 07/01/2019 | 2,986,990 | 1,409,000 | 1,577,990 | 2,612,194 | 1,395,164 | 1,217,029 | 2,774,030 | 1,435,926 | 1,338,104 |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | NAV | NAV | NAV | NAV | |||||||||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | 2,972,893 | 804,883 | 2,168,010 | TTM 08/31/2019 | 2,982,447 | 856,366 | 2,126,081 | 2,953,822 | 813,679 | 2,140,143 | 2,962,556 | 750,770 | 2,211,786 |
16.01 | Property | RMF | 1 | Bohemia Self Storage | 2,074,497 | 512,758 | 1,561,739 | TTM 08/31/2019 | 2,059,958 | 571,026 | 1,488,932 | 2,070,232 | 522,019 | 1,548,213 | 2,059,840 | 508,418 | 1,551,422 |
16.02 | Property | RMF | 1 | Bay Shore Self Storage | 898,396 | 292,125 | 606,271 | TTM 08/31/2019 | 922,489 | 285,340 | 637,149 | 883,590 | 291,660 | 591,930 | 902,716 | 242,351 | 660,365 |
17 | Both | Barclays | 1 | One Main Plaza | 3,257,745 | 1,022,926 | 2,234,819 | TTM 07/31/2019 | 3,286,406 | 1,039,270 | 2,247,136 | 3,434,342 | 1,021,328 | 2,413,014 | |||
18 | Both | SGFC | 1 | Crocs Distribution Center | NAV | NAV | NAV | NAV | |||||||||
19 | Both | Natixis | 1 | Walgreens South Beach | NAV | NAV | NAV | NAV | |||||||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | 5,172,801 | 3,072,582 | 2,100,219 | TTM 07/31/2019 | 2,897,064 | 1,869,462 | 1,027,602 | ||||||
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | 6,567,085 | 1,272,920 | 5,294,165 | TTM 08/31/2019 | 6,300,762 | 1,244,316 | 5,056,446 | 5,991,627 | 1,159,597 | 4,832,030 |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HISTORICAL FINANCIALS(17) | |||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Most Recent Revenues ($) | Most Recent Expenses ($) | Most Recent NOI ($) | As of | 2018 Revenues ($) | 2018 Expenses ($) | 2018 NOI ($) | 2017 Revenues ($) | 2017 Expenses ($) | 2017 NOI ($) | 2016 Revenues ($) | 2016 Expenses ($) | 2016 NOI ($) |
22 | Loan | SGFC | 2 | Bison Portfolio | 5,422,806 | 1,050,720 | 4,372,086 | TTM 05/31/2019 | 5,404,901 | 1,064,746 | 4,340,155 | 5,248,294 | 1,122,115 | 4,126,178 | 5,041,977 | 1,065,034 | 3,976,943 |
22.01 | Property | SGFC | 1 | Spring Creek | 4,163,779 | 759,741 | 3,404,038 | TTM 05/31/2019 | 4,135,848 | 778,092 | 3,357,756 | 4,022,483 | 828,337 | 3,194,146 | 3,783,737 | 800,933 | 2,982,804 |
22.02 | Property | SGFC | 1 | Steele Crossing | 1,259,027 | 290,979 | 968,048 | TTM 05/31/2019 | 1,269,053 | 286,654 | 982,399 | 1,225,811 | 293,778 | 932,033 | 1,258,240 | 264,101 | 994,139 |
23 | Both | SGFC | 1 | 145 Spring Street | 1,438,234 | 319,080 | 1,119,154 | TTM 06/30/2019 | 1,437,761 | 310,673 | 1,127,088 | 1,390,589 | 312,870 | 1,077,719 | |||
24 | Both | KeyBank | 1 | North Heights Plaza | 2,663,011 | 1,124,845 | 1,538,166 | TTM 06/30/2019 | 2,387,854 | 889,934 | 1,497,920 | ||||||
25 | Both | Barclays | 1 | Southchase Village | 2,232,161 | 839,349 | 1,392,811 | TTM 06/30/2019 | 2,232,541 | 810,979 | 1,421,562 | 2,126,720 | 812,159 | 1,314,561 | |||
26 | Both | Barclays | 1 | Scottsdale Gateway II | 2,016,927 | 632,726 | 1,384,201 | T6 Annualized 06/30/2019 | 1,705,042 | 962,854 | 742,188 | 2,173,080 | 980,819 | 1,192,260 | 1,971,600 | 890,689 | 1,080,911 |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | NAV | NAV | NAV | NAV | |||||||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | NAV | NAV | NAV | NAV | |||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | NAV | NAV | NAV | NAV | |||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | NAV | NAV | NAV | NAV | |||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | NAV | NAV | NAV | NAV | |||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | NAV | NAV | NAV | NAV | |||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | NAV | NAV | NAV | NAV | |||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | NAV | NAV | NAV | NAV | |||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | NAV | NAV | NAV | NAV | |||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | NAV | NAV | NAV | NAV | |||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | NAV | NAV | NAV | NAV | |||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | NAV | NAV | NAV | NAV | |||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | NAV | NAV | NAV | NAV | |||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | NAV | NAV | NAV | NAV | |||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | 4,461,608 | 2,497,134 | 1,964,474 | TTM 09/07/2019 | 3,920,577 | 2,301,275 | 1,619,302 | 3,349,489 | 1,941,272 | 1,408,217 | |||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | 1,816,905 | 363,997 | 1,452,908 | TTM 07/31/2019 | 1,785,409 | 352,050 | 1,433,359 | 1,719,347 | 327,052 | 1,392,295 | 1,572,197 | 308,881 | 1,263,316 |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | 968,188 | 214,581 | 753,607 | TTM 07/31/2019 | 932,134 | 219,163 | 712,971 | 884,387 | 191,235 | 693,152 | 790,593 | 187,583 | 603,010 |
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | 848,717 | 149,416 | 699,301 | TTM 07/31/2019 | 853,275 | 132,886 | 720,389 | 834,960 | 135,817 | 699,143 | 781,604 | 121,298 | 660,306 |
30 | Both | KeyBank | 1 | Providence Pavilion | 1,626,077 | 447,312 | 1,178,764 | TTM 06/30/2019 | 1,541,828 | 448,785 | 1,093,043 | 1,494,018 | 412,978 | 1,081,040 | 1,460,052 | 449,360 | 1,010,693 |
31 | Both | KeyBank | 1 | Extra Space - McLean | 1,784,168 | 486,062 | 1,298,106 | TTM 05/31/2019 | 1,746,550 | 483,195 | 1,263,355 | 1,661,694 | 459,052 | 1,202,642 | 1,466,314 | 421,869 | 1,044,445 |
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | 4,304,749 | 2,564,804 | 1,739,945 | TTM 07/31/2019 | 4,171,051 | 2,498,729 | 1,672,322 | 3,980,059 | 2,466,097 | 1,513,962 | 3,759,884 | 2,356,902 | 1,402,982 |
33 | Both | BSPRT | 1 | Aloft Dulles North | 4,078,878 | 2,687,578 | 1,391,300 | TTM 08/31/2019 | 3,882,093 | 2,674,542 | 1,207,551 | 3,631,440 | 2,706,409 | 925,031 | 3,739,310 | 2,718,993 | 1,020,317 |
34 | Both | RMF | 1 | Kohl’s Highland Heights | 1,004,638 | 0 | 1,004,638 | TTM 08/31/2019 | 1,004,638 | 0 | 1,004,638 | 1,001,289 | 0 | 1,001,289 | |||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | 1,852,559 | 782,266 | 1,070,293 | TTM 07/31/2019 | 1,788,291 | 794,363 | 993,928 | 1,699,084 | 814,096 | 884,989 | 1,606,265 | 756,073 | 850,192 |
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | 3,226,896 | 1,708,367 | 1,518,529 | TTM 08/31/2019 | |||||||||
37 | Both | BSPRT | 1 | Beau Terre Apartments | 1,542,413 | 688,801 | 853,612 | TTM 08/31/2019 | 1,536,806 | 707,095 | 829,712 | 1,544,633 | 702,260 | 842,373 | 1,550,743 | 689,147 | 861,596 |
38 | Both | Natixis | 1 | Westar Place | 1,391,552 | 912,035 | 479,517 | TTM 06/30/2019 | 1,793,896 | 716,753 | 1,077,143 | 2,040,543 | 836,551 | 1,203,992 | 2,080,505 | 829,079 | 1,251,426 |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | 2,583,634 | 1,590,244 | 993,391 | TTM 07/31/2019 | 2,456,743 | 1,591,630 | 865,113 | 2,724,273 | 1,634,055 | 1,090,218 | 2,800,663 | 1,622,433 | 1,178,230 |
40 | Both | Barclays | 1 | Hen House Marketplace | 1,255,126 | 497,831 | 757,295 | TTM 07/31/2019 | 1,261,484 | 506,060 | 755,424 | 1,223,360 | 507,130 | 716,229 | 1,203,074 | 518,799 | 684,275 |
41 | Both | Barclays | 1 | North Plains Self Storage | 2,075,607 | 501,163 | 1,574,444 | TTM 08/31/2019 | 2,050,268 | 503,039 | 1,547,229 | 1,877,390 | 442,976 | 1,434,414 | 1,525,515 | 379,216 | 1,146,299 |
42 | Both | Barclays | 1 | The Burgundy | 1,376,188 | 615,412 | 760,775 | TTM 08/31/2019 | 1,323,888 | 635,223 | 688,665 | 1,197,531 | 614,488 | 583,043 | |||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | 1,129,943 | 419,893 | 710,050 | TTM 07/31/2019 | 1,128,877 | 422,768 | 706,108 | 1,251,569 | 429,949 | 821,621 | 1,213,391 | 393,366 | 820,025 |
44 | Both | Barclays | 1 | Vineland Leased Fee | 1,132,727 | 303,767 | 828,959 | TTM 07/31/2019 | 1,182,276 | 300,785 | 881,491 | 1,140,407 | 294,997 | 845,410 | 1,185,105 | 266,321 | 918,784 |
45 | Both | RMF | 1 | Stor & Go Self Storage | 783,381 | 238,970 | 544,411 | TTM 07/31/2019 | 697,874 | 246,411 | 451,463 | 659,267 | 199,893 | 459,374 | |||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | 2,196,318 | 1,323,752 | 872,566 | TTM 07/31/2019 | 2,256,714 | 1,361,751 | 894,963 | 2,370,232 | 1,427,567 | 942,664 | 2,262,695 | 1,235,598 | 1,027,097 |
47 | Both | Barclays | 1 | Oak Brook Apartments | 931,944 | 369,152 | 562,792 | TTM 08/31/2019 | 914,598 | 365,439 | 549,159 | 886,111 | 350,889 | 535,222 | |||
48 | Both | SGFC | 1 | LA Fitness Spring | NAV | NAV | NAV | NAV | |||||||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | NAV | NAV | NAV | NAV | |||||||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | NAV | NAV | NAV | NAV | |||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | NAV | NAV | NAV | NAV | |||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | NAV | NAV | NAV | NAV | |||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | NAV | NAV | NAV | NAV | |||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | 616,615 | 233,055 | 383,560 | TTM 08/31/2019 | 598,555 | 250,921 | 347,634 | 559,879 | 238,759 | 321,120 | 488,804 | 209,167 | 279,638 |
51 | Both | RMF | 1 | Marval Plaza | 447,004 | 84,045 | 362,959 | TTM 07/31/2019 | 463,446 | 83,188 | 380,258 | 417,315 | 92,620 | 324,695 | 152,502 | 67,003 | 85,499 |
52 | Both | BSPRT | 1 | Brownsville Plaza | 595,896 | 298,682 | 297,214 | TTM 06/30/2019 | 594,039 | 290,214 | 303,825 | 592,144 | 275,016 | 317,128 | |||
53 | Both | KeyBank | 1 | Lake Bluff Village | 314,982 | 99,952 | 215,030 | TTM 07/31/2019 | 244,293 | 111,263 | 133,030 | 247,095 | 106,266 | 140,829 | 234,413 | 106,252 | 128,161 |
54 | Both | BSPRT | 1 | Sandstone Apartments | 387,579 | 185,211 | 202,368 | TTM 07/31/2019 | 356,128 | 203,107 | 153,021 | ||||||
55 | Both | KeyBank | 1 | Bayfield MHP | 266,852 | 65,849 | 201,004 | TTM 07/31/2019 | 254,705 | 64,731 | 189,975 | 227,188 | 73,888 | 153,300 | 213,467 | 62,011 | 151,457 |
A-1-14
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
UPFRONT ESCROWS(19) | |||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Title Type(18) | Ground Lease Expiration | Ground Lease Extension Terms | Ground Lease Annual Payment | PML % | Upfront Capex Reserve ($) | Upfront Engineering Reserve ($) | Upfront Environmental Reserve ($) | Upfront TI/LC Reserve ($) | Upfront RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Upfront Debt Service Reserve ($) | Upfront Other Reserve ($) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | Fee | Various | 0 | 320,700 | 0 | 0 | 0 | 0 | 0 | 0 | |||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | Fee | 14% | |||||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | Fee | ||||||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | Fee | ||||||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | Fee | ||||||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | Fee | ||||||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | Fee | ||||||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | Fee | ||||||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | Fee | ||||||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | Fee | ||||||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | Fee | ||||||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | Fee | ||||||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | Fee | ||||||||||||
2 | Both | SGFC | 1 | Presidential City | Fee | 0 | 0 | 0 | 150,000 | 946,295 | 129,834 | 0 | 270,833 | ||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | Leasehold | 12/31/2065 | None | $728,190 | 1,000,000 | 0 | 0 | 0 | 468,758 | 761,458 | 0 | 13,079,085 | |
4 | Both | Natixis | 1 | NEMA San Francisco | Fee | 9% | 0 | 0 | 0 | 0 | 2,063,608 | 402,392 | 0 | 14,238 | |||
5 | Both | RMF | 1 | Equinix Data Center | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | Fee | 424,056 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | Fee | ||||||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | Fee | ||||||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | Fee | ||||||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | Fee | ||||||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | Fee | ||||||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | Fee | ||||||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | Fee | ||||||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | Fee | ||||||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | Fee | ||||||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | Fee | ||||||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | Fee | ||||||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | Fee | ||||||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | Fee | ||||||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | Fee | ||||||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | Fee | ||||||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | Fee | ||||||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | Fee | ||||||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | Fee | ||||||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | Fee | ||||||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | Fee | ||||||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | Fee | ||||||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | Fee | ||||||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | Fee | ||||||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | Fee | ||||||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | Fee | ||||||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | Fee | ||||||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | Fee | ||||||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | Fee | ||||||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | Fee | ||||||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | Fee | ||||||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | Fee | ||||||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | Fee | ||||||||||||
7 | Both | Natixis | 1 | Uline Arena | Fee | 0 | 0 | 0 | 0 | 1,215,000 | 0 | 0 | 22,995,169 | ||||
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | Fee | 9% | 0 | 0 | 0 | 0 | 890,641 | 0 | 0 | 0 | |||
9 | Both | Natixis | 1 | 765 Broad Street | Fee | 0 | 0 | 0 | 4,852,814 | 56,954 | 55,504 | 0 | 5,594,370 | ||||
10 | Both | KeyBank | 1 | Rivertop Apartments | Fee | 93,333 | 0 | 2,500 | 0 | 496,396 | 0 | 0 | 0 | ||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | Fee | 1,450,357 | 0 | 0 | 0 | 246,722 | 87,058 | 0 | 2,650,000 | ||||
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | Fee | 2,998 | 0 | 0 | 18,736 | 253,551 | 38,861 | 0 | 2,029,728 | ||||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | Fee | 1,791 | 0 | 0 | 430,000 | 115,390 | 0 | 0 | 708,026 | ||||
14 | Both | Barclays | 1 | 200 North Warner Road | Fee | 420,000 | 0 | 0 | 1,465,000 | 102,893 | 0 | 0 | 1,062,303 | ||||
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | Fee | 3% | 0 | 0 | 0 | 0 | 525,523 | 0 | 0 | 39,293,262 | |||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | Fee | 150,000 | 0 | 0 | 0 | 130,553 | 4,810 | 0 | 0 | ||||
16.01 | Property | RMF | 1 | Bohemia Self Storage | Fee | ||||||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | Fee | ||||||||||||
17 | Both | Barclays | 1 | One Main Plaza | Fee/Leasehold | 02/28/2055 | None | $0 | 6% | 0 | 26,250 | 0 | 0 | 9,820 | 0 | 0 | 0 |
18 | Both | SGFC | 1 | Crocs Distribution Center | Fee/Subleasehold | 0 | 0 | 0 | 0 | 29,667 | 0 | 0 | 2,181,616 | ||||
19 | Both | Natixis | 1 | Walgreens South Beach | Fee | 0 | 0 | 0 | 0 | 264,528 | 0 | 0 | 0 | ||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | Fee | 0 | 6,250 | 0 | 0 | 0 | 37,397 | 0 | 1,800,963 | ||||
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | Fee | 12% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-15
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
UPFRONT ESCROWS(19) | |||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Title Type(18) | Ground Lease Expiration | Ground Lease Extension Terms | Ground Lease Annual Payment | PML % | Upfront Capex Reserve ($) | Upfront Engineering Reserve ($) | Upfront Environmental Reserve ($) | Upfront TI/LC Reserve ($) | Upfront RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Upfront Debt Service Reserve ($) | Upfront Other Reserve ($) |
22 | Loan | SGFC | 2 | Bison Portfolio | Fee | 0 | 0 | 0 | 750,000 | 355,651 | 0 | 0 | 304,055 | ||||
22.01 | Property | SGFC | 1 | Spring Creek | Fee | ||||||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | Fee | ||||||||||||
23 | Both | SGFC | 1 | 145 Spring Street | Fee | 0 | 31,875 | 0 | 150,000 | 68,262 | 13,702 | 0 | 117,842 | ||||
24 | Both | KeyBank | 1 | North Heights Plaza | Fee | 150,000 | 0 | 0 | 9,875 | 244,614 | 0 | 0 | 75,000 | ||||
25 | Both | Barclays | 1 | Southchase Village | Fee | 0 | 35,070 | 0 | 500,000 | 235,099 | 7,658 | 0 | 304,733 | ||||
26 | Both | Barclays | 1 | Scottsdale Gateway II | Fee | 0 | 0 | 0 | 200,000 | 35,038 | 0 | 0 | 379,000 | ||||
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | Fee | 0 | 100,740 | 0 | 0 | 0 | 37,914 | 0 | 30,172 | ||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | Fee | ||||||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | Fee | ||||||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | Fee | ||||||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | Fee | ||||||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | Fee | ||||||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | Fee | ||||||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | Fee | ||||||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | Fee | ||||||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | Fee | ||||||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | Fee | ||||||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | Fee | ||||||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | Fee | ||||||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | Fee | ||||||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | Fee | 3% | 0 | 0 | 18,750 | 0 | 22,600 | 35,834 | 0 | 0 | |||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | Fee | 0 | 163,641 | 0 | 0 | 18,134 | 0 | 0 | 7,500 | ||||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | Fee | ||||||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | Fee | ||||||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | Fee | 1,338 | 0 | 0 | 0 | 13,258 | 0 | 0 | 101,695 | ||||
31 | Both | KeyBank | 1 | Extra Space - McLean | Fee | 453 | 0 | 0 | 0 | 70,780 | 0 | 0 | 0 | ||||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | Fee | 0 | 0 | 0 | 0 | 184,403 | 0 | 0 | 1,000,000 | ||||
33 | Both | BSPRT | 1 | Aloft Dulles North | Fee | 0 | 0 | 0 | 0 | 8,194 | 7,160 | 0 | 3,047,900 | ||||
34 | Both | RMF | 1 | Kohl’s Highland Heights | Fee | 0 | 0 | 0 | 0 | 0 | 6,298 | 0 | 0 | ||||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | Fee | 0 | 0 | 0 | 0 | 47,250 | 17,606 | 0 | 0 | ||||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | Fee | 0 | 0 | 0 | 0 | 131,703 | 0 | 0 | 0 | ||||
37 | Both | BSPRT | 1 | Beau Terre Apartments | Fee | 0 | 145,335 | 0 | 0 | 63,347 | 58,710 | 0 | 0 | ||||
38 | Both | Natixis | 1 | Westar Place | Fee | 0 | 7,813 | 0 | 127,484 | 125,645 | 11,120 | 0 | 0 | ||||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850,000 | ||||
40 | Both | Barclays | 1 | Hen House Marketplace | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
41 | Both | Barclays | 1 | North Plains Self Storage | Fee | 7% | 0 | 0 | 0 | 0 | 9,876 | 0 | 0 | 0 | |||
42 | Both | Barclays | 1 | The Burgundy | Fee | 0 | 0 | 0 | 0 | 82,671 | 0 | 0 | 0 | ||||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | Fee | 885 | 0 | 0 | 0 | 50,860 | 3,542 | 0 | 0 | ||||
44 | Both | Barclays | 1 | Vineland Leased Fee | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
45 | Both | RMF | 1 | Stor & Go Self Storage | Fee | 0 | 0 | 0 | 0 | 4,251 | 449 | 0 | 0 | ||||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | Fee | 0 | 0 | 0 | 0 | 22,981 | 0 | 0 | 0 | ||||
47 | Both | Barclays | 1 | Oak Brook Apartments | Fee | 146,706 | 53,294 | 0 | 0 | 10,554 | 20,903 | 0 | 0 | ||||
48 | Both | SGFC | 1 | LA Fitness Spring | Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | Fee | 0 | 247,551 | 0 | 0 | 419,618 | 123,331 | 0 | 0 | ||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | Fee | ||||||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | Fee | ||||||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | Fee | ||||||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | Fee | ||||||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | Fee | 0 | 0 | 0 | 0 | 22,844 | 1,273 | 0 | 0 | ||||
51 | Both | RMF | 1 | Marval Plaza | Fee | 0 | 0 | 0 | 100,000 | 37,770 | 10,670 | 0 | 0 | ||||
52 | Both | BSPRT | 1 | Brownsville Plaza | Fee | 0 | 15,442 | 0 | 0 | 17,887 | 1,246 | 0 | 10,000 | ||||
53 | Both | KeyBank | 1 | Lake Bluff Village | Fee | 1,896 | 0 | 0 | 0 | 9,199 | 2,070 | 0 | 0 | ||||
54 | Both | BSPRT | 1 | Sandstone Apartments | Fee | 0 | 0 | 0 | 0 | 9,523 | 2,401 | 0 | 0 | ||||
55 | Both | KeyBank | 1 | Bayfield MHP | Fee | 154 | 0 | 0 | 0 | 3,504 | 960 | 0 | 0 |
A-1-16
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
UPFRONT ESCROWS(19) | ||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Other Upfront Description | |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | ||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | ||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | ||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | ||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | ||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | ||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | ||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | ||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | ||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | ||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | ||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | ||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | ||
2 | Both | SGFC | 1 | Presidential City | Free Rent Reserve | |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | Piling Work Reserve: 6,000,000; Target Free Rent Reserve: 4,567,700; Outstanding TI/LC Reserve: 2,511,385 | |
4 | Both | Natixis | 1 | NEMA San Francisco | Rent Abatement Reserve | |
5 | Both | RMF | 1 | Equinix Data Center | ||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | ||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | ||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | ||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | ||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | ||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | ||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | ||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | ||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | ||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | ||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | ||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | ||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | ||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | ||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | ||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | ||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | ||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | ||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | ||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | ||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | ||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | ||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | ||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | ||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | ||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | ||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | ||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | ||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | ||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | ||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | ||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | ||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | ||
7 | Both | Natixis | 1 | Uline Arena | Initial TI/LC Reserve: 8,229,748; PACT Free Rent Reserve: 4,156,468; Occupancy Reserve: 3,800,000; Free Rent Reserve: 3,300,274; PACT Gap Rent Reserve: 1,533,592; PACT Mezzanine Space Reserve: 1,000,000; Why Hotel Landlord Work Reserve: 415,183; PACT Post-Delivery Work Item Reserve: 225,000; PACT Additional Gap Rent Reserve: 191,699; Why Hotel Free Rent Reserve: 86,497; Why Hotel Gap Rent Reserve: 56,708 | |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | ||
9 | Both | Natixis | 1 | 765 Broad Street | NPS Sixth Floor Reserve: 4,763,371; NPS Gap Rent Reserve: 332,612; NPS Free Rent Reserve: 271,519; NPS Parking Credit Reserve: 226,868 | |
10 | Both | KeyBank | 1 | Rivertop Apartments | ||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | Seasonality Reserve | |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | Major Tenant Rollover Reserve: 1,419,650; Rent Concession Reserve: 610,078.23 | |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | Existing TI/LC Reserve: 669,512; Free Rent Reserve: 38,514 | |
14 | Both | Barclays | 1 | 200 North Warner Road | Connective RX Upfront TI Rollover Reserve: 462,780; HVAC Reserve: 379,378; Connective RX Rent Abatement Reserve: 77,134.23; Arco Upfront TI Rollover Reserve: 71,880; Acrisure Rent Abatement Reserve: 38,996.17; Fulton Bank Rent Abatement Reserve: 21,516.73; Connective RX Upfront LC Rollover Reserve: 10,618.06 | |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | Outstanding TI/LC Reserve: 23,165,933.26; Free Rent Reserve: 16,127,329 | |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | ||
16.01 | Property | RMF | 1 | Bohemia Self Storage | ||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | ||
17 | Both | Barclays | 1 | One Main Plaza | ||
18 | Both | SGFC | 1 | Crocs Distribution Center | Carry Reserve: 520,372; Crocs Project Expense Reserve: 1,661,244 | |
19 | Both | Natixis | 1 | Walgreens South Beach | ||
20 | Both | Natixis | 1 | SpringHill Suites Newark | Debt Yield Holdback: 1,772,844; Seasonal Reserve: 28,119 | |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz |
A-1-17
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
UPFRONT ESCROWS(19) | ||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Other Upfront Description | |
22 | Loan | SGFC | 2 | Bison Portfolio | Outstanding TI/LC Reserve: 294,190; Free Rent Reserve: 9,865.08 | |
22.01 | Property | SGFC | 1 | Spring Creek | ||
22.02 | Property | SGFC | 1 | Steele Crossing | ||
23 | Both | SGFC | 1 | 145 Spring Street | Violation Reserve | |
24 | Both | KeyBank | 1 | North Heights Plaza | Existing TI Lease Reserve | |
25 | Both | Barclays | 1 | Southchase Village | Tenant Specific Rollover Reserve: 220,380; Free Rent Reserve: 78,311.37; Hibbet Sports Rent Abatement Reserve: 6,041.67 | |
26 | Both | Barclays | 1 | Scottsdale Gateway II | Existing Tenant Improvement Reserve | |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | Hermitage HVAC Reserve | |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | ||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | ||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | ||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | ||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | ||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | ||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | ||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | ||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | ||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | ||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | ||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | ||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | ||
28 | Both | Barclays | 1 | The Firebrand Hotel | ||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | Dollar Tree Free Rent Reserve | |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | ||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | ||
30 | Both | KeyBank | 1 | Providence Pavilion | Existing TI/LC Lease Reserve: 87,071.76; Rent Concessions Reserve: 14,623.13 | |
31 | Both | KeyBank | 1 | Extra Space - McLean | ||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | PIP Reserve | |
33 | Both | BSPRT | 1 | Aloft Dulles North | PIP Reserve: 2,997,900; Seasonality Reserve: 50,000 | |
34 | Both | RMF | 1 | Kohl’s Highland Heights | ||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | ||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | ||
37 | Both | BSPRT | 1 | Beau Terre Apartments | ||
38 | Both | Natixis | 1 | Westar Place | ||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | Debt Yield/DSCR Holdback Reserve | |
40 | Both | Barclays | 1 | Hen House Marketplace | ||
41 | Both | Barclays | 1 | North Plains Self Storage | ||
42 | Both | Barclays | 1 | The Burgundy | ||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | ||
44 | Both | Barclays | 1 | Vineland Leased Fee | ||
45 | Both | RMF | 1 | Stor & Go Self Storage | ||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | ||
47 | Both | Barclays | 1 | Oak Brook Apartments | ||
48 | Both | SGFC | 1 | LA Fitness Spring | ||
49 | Loan | Natixis | 4 | Vanguard Portfolio | ||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | ||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | ||
49.03 | Property | Natixis | 1 | 50 Morehall Road | ||
49.04 | Property | Natixis | 1 | 60 Morehall Road | ||
50 | Both | RMF | 1 | Xtra Room Self Storage | ||
51 | Both | RMF | 1 | Marval Plaza | ||
52 | Both | BSPRT | 1 | Brownsville Plaza | Kinesis CAM Reserve | |
53 | Both | KeyBank | 1 | Lake Bluff Village | ||
54 | Both | BSPRT | 1 | Sandstone Apartments | ||
55 | Both | KeyBank | 1 | Bayfield MHP |
A-1-18
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
MONTHLY ESCROWS(20) | |||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Monthly Capex Reserve ($) | Monthly Environmental Reserve ($) | Monthly TI/LC Reserve ($) | Monthly RE Tax Reserve ($) | Monthly Insurance Reserve ($) | Monthly Other Reserve ($) | Other Monthly Description |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | Springing | 0 | Springing | Springing | Springing | 0 | |
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | |||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | |||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | |||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | |||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | |||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | |||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | |||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | |||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | |||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | |||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | |||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | |||||||
2 | Both | SGFC | 1 | Presidential City | 12,688 | 0 | 6,540 | 135,185 | Springing | 0 | |
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | Springing | 0 | Springing | 117,190 | 76,620 | 1/12 of Ground Rent | Ground Lease Reserve |
4 | Both | Natixis | 1 | NEMA San Francisco | 14,890 | 0 | 0 | 421,010 | 57,485 | 0 | |
5 | Both | RMF | 1 | Equinix Data Center | 0 | 0 | 0 | Springing | Springing | 0 | |
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | Springing | 0 | 0 | Springing | Springing | 0 | |
6.01 | Property | KeyBank | 1 | Life Storage - 586 | |||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | |||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | |||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | |||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | |||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | |||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | |||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | |||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | |||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | |||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | |||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | |||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | |||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | |||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | |||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | |||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | |||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | |||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | |||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | |||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | |||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | |||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | |||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | |||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | |||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | |||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | |||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | |||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | |||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | |||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | |||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | |||||||
7 | Both | Natixis | 1 | Uline Arena | 2,070 | 0 | 20,698 | 202,500 | Springing | Springing | PACT Additional Gap Rent Reserve |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 6,814 | 0 | 0 | 222,660 | Springing | 0 | |
9 | Both | Natixis | 1 | 765 Broad Street | 4,083 | 0 | 0 | 28,477 | 4,270 | 0 | |
10 | Both | KeyBank | 1 | Rivertop Apartments | 3,733 | 0 | 0 | 49,640 | Springing | 0 | |
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 5% of Gross Revenues from prior month | 0 | 0 | 41,120 | 43,529 | Springing | Seasonality Reserve |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | 2,998 | 0 | 18,736 | 41,392 | 4,049 | 0 | |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | 1,791 | 0 | Springing | 38,463 | Springing | 0 | |
14 | Both | Barclays | 1 | 200 North Warner Road | 2,736 | 0 | 13,680 | 25,723 | Springing | 0 | |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | Springing | 0 | 0 | 87,587 | Springing | Springing | Lease Sweep Reserve |
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | 2,857 | 0 | 0 | 31,084 | 1,527 | 0 | |
16.01 | Property | RMF | 1 | Bohemia Self Storage | |||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | |||||||
17 | Both | Barclays | 1 | One Main Plaza | 2,565 | 0 | 6,674 | 4,910 | Springing | 0 | |
18 | Both | SGFC | 1 | Crocs Distribution Center | 1,388 | 0 | 8,007 | 7,417 | Springing | 0 | |
19 | Both | Natixis | 1 | Walgreens South Beach | 0 | 0 | 0 | 44,088 | Springing | 0 | |
20 | Both | Natixis | 1 | SpringHill Suites Newark | 17,243 | 0 | 0 | 12,535 | 3,740 | 3,515 | Seasonal Reserve |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | Springing | 0 | 0 | Springing | Springing | 0 |
A-1-19
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
MONTHLY ESCROWS(20) | |||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Monthly Capex Reserve ($) | Monthly Environmental Reserve ($) | Monthly TI/LC Reserve ($) | Monthly RE Tax Reserve ($) | Monthly Insurance Reserve ($) | Monthly Other Reserve ($) | Other Monthly Description |
22 | Loan | SGFC | 2 | Bison Portfolio | 6,632 | 0 | 16,579 | 30,527 | Springing | 0 | |
22.01 | Property | SGFC | 1 | Spring Creek | |||||||
22.02 | Property | SGFC | 1 | Steele Crossing | |||||||
23 | Both | SGFC | 1 | 145 Spring Street | 436 | 0 | 150 | 14,245 | 1,957 | 0 | |
24 | Both | KeyBank | 1 | North Heights Plaza | 0 | 0 | 9,875 | 48,923 | Springing | 0 | |
25 | Both | Barclays | 1 | Southchase Village | 2,858 | 0 | Springing | 23,510 | 7,658 | 0 | |
26 | Both | Barclays | 1 | Scottsdale Gateway II | 2,248 | 0 | 6,743 | 17,519 | Springing | 0 | |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | 2,077 | 0 | 5,525 | Springing | 4,739 | 0 | |
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | |||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | |||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | |||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | |||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | |||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | |||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | |||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | |||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | |||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | |||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | |||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | |||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | |||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | 1/12 of 4% of Gross Income from Operations | 0 | 0 | 11,300 | 3,258 | 0 | |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | 1,411 | 0 | 6,583 | 9,067 | Springing | 0 | |
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | |||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | |||||||
30 | Both | KeyBank | 1 | Providence Pavilion | 1,338 | 0 | 6,689 | 13,258 | Springing | 0 | |
31 | Both | KeyBank | 1 | Extra Space - McLean | 453 | 0 | 0 | 11,797 | Springing | 0 | |
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | 1/12 of 4% of Gross Income from Operations | 0 | 0 | 16,764 | Springing | 0 | |
33 | Both | BSPRT | 1 | Aloft Dulles North | Springing | 0 | 0 | 8,194 | 3,580 | Springing | Seasonality Reserve |
34 | Both | RMF | 1 | Kohl’s Highland Heights | 1,005 | 0 | Springing | Springing | 857 | 0 | |
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | 0 | 0 | 0 | 7,875 | 2,515 | 0 | |
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | 1/12 of 2% of Gross Income from Operations | 0 | 0 | 8,990 | Springing | Springing | PIP Reserve |
37 | Both | BSPRT | 1 | Beau Terre Apartments | 3,500 | 0 | 0 | 5,759 | 7,339 | 0 | |
38 | Both | Natixis | 1 | Westar Place | 1,481 | 0 | 21,042 | 29,425 | 1,408 | 0 | |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | 1/12 of 4% of Gross Income from Operations | 0 | 0 | 8,266 | Springing | Springing | Common Charges Reserve: Springing; PIP Reserve: Springing |
40 | Both | Barclays | 1 | Hen House Marketplace | Springing | 0 | Springing | Springing | Springing | 0 | |
41 | Both | Barclays | 1 | North Plains Self Storage | Springing | 0 | 0 | 9,876 | Springing | 0 | |
42 | Both | Barclays | 1 | The Burgundy | 2,313 | 0 | 0 | 9,186 | Springing | Springing | Condominium Assessment Reserve |
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | 885 | 0 | 0 | 6,357 | 590 | 0 | |
44 | Both | Barclays | 1 | Vineland Leased Fee | Springing | 0 | Springing | Springing | Springing | 0 | |
45 | Both | RMF | 1 | Stor & Go Self Storage | 816 | 0 | 0 | 4,049 | 214 | 0 | |
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | 9,151 | 0 | 0 | 5,689 | Springing | Springing | PIP Reserve |
47 | Both | Barclays | 1 | Oak Brook Apartments | 2,083 | 0 | 0 | 5,277 | 2,090 | 0 | |
48 | Both | SGFC | 1 | LA Fitness Spring | Springing | 0 | Springing | Springing | Springing | 0 | |
49 | Loan | Natixis | 4 | Vanguard Portfolio | 7,108 | 0 | 0 | 139,873 | 10,822 | 0 | |
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | |||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | |||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | |||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | |||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | 737 | 0 | 0 | 4,351 | 303 | 0 | |
51 | Both | RMF | 1 | Marval Plaza | 197 | 0 | Springing | 3,703 | 872 | 0 | |
52 | Both | BSPRT | 1 | Brownsville Plaza | 424 | 0 | 1,554 | 8,943 | 623 | 0 | |
53 | Both | KeyBank | 1 | Lake Bluff Village | 1,896 | 0 | 0 | 1,499 | 1,035 | 0 | |
54 | Both | BSPRT | 1 | Sandstone Apartments | 958 | 0 | 0 | 4,761 | 1,201 | 0 | |
55 | Both | KeyBank | 1 | Bayfield MHP | 154 | 0 | 0 | 701 | 480 | 0 |
A-1-20
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
RESERVE CAPS(21) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | CapEx Reserve Cap ($) | Environmental Reserve Cap ($) | TI/LC Reserve Cap ($) | RE Tax Reserve Cap ($) | Insurance Reserve Cap ($) | Debt Service Reserve Cap ($) | Other Reserve Cap ($) | |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | 6,000,000 | |||||||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | ||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | ||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | ||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | ||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | ||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | ||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | ||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | ||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | ||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | ||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | ||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | ||||||||
2 | Both | SGFC | 1 | Presidential City | 761,250 | 235,449 | ||||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | ||||||||
4 | Both | Natixis | 1 | NEMA San Francisco | 250,000 | |||||||
5 | Both | RMF | 1 | Equinix Data Center | ||||||||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | 424,056 | |||||||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | ||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | ||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | ||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | ||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | ||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | ||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | ||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | ||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | ||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | ||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | ||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | ||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | ||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | ||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | ||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | ||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | ||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | ||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | ||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | ||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | ||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | ||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | ||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | ||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | ||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | ||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | ||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | ||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | ||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | ||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | ||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | ||||||||
7 | Both | Natixis | 1 | Uline Arena | 124,191 | 496,762 | ||||||
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | 250,000 | |||||||
9 | Both | Natixis | 1 | 765 Broad Street | 97,991 | |||||||
10 | Both | KeyBank | 1 | Rivertop Apartments | ||||||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 4,084,680 | |||||||
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | 1,124,150 | |||||||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | 85,000 | 430,000 | ||||||
14 | Both | Barclays | 1 | 200 North Warner Road | 2,200,000 | |||||||
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | 24,544,310 | Lease Sweep Reserve: 21,037,980 | ||||||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | ||||||||
16.01 | Property | RMF | 1 | Bohemia Self Storage | ||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | ||||||||
17 | Both | Barclays | 1 | One Main Plaza | 332,000 | |||||||
18 | Both | SGFC | 1 | Crocs Distribution Center | 1,054,977 | |||||||
19 | Both | Natixis | 1 | Walgreens South Beach | ||||||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | ||||||||
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz |
A-1-21
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
RESERVE CAPS(21) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | CapEx Reserve Cap ($) | Environmental Reserve Cap ($) | TI/LC Reserve Cap ($) | RE Tax Reserve Cap ($) | Insurance Reserve Cap ($) | Debt Service Reserve Cap ($) | Other Reserve Cap ($) | |
22 | Loan | SGFC | 2 | Bison Portfolio | 250,000 | |||||||
22.01 | Property | SGFC | 1 | Spring Creek | ||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | ||||||||
23 | Both | SGFC | 1 | 145 Spring Street | ||||||||
24 | Both | KeyBank | 1 | North Heights Plaza | 592,472 | |||||||
25 | Both | Barclays | 1 | Southchase Village | 500,000 | |||||||
26 | Both | Barclays | 1 | Scottsdale Gateway II | ||||||||
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | ||||||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | ||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | ||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | ||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | ||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | ||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | ||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | ||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | ||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | ||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | ||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | ||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | ||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | ||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | ||||||||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | 325,000 | |||||||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | ||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | ||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | 240,795 | |||||||
31 | Both | KeyBank | 1 | Extra Space - McLean | 10,861 | |||||||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | ||||||||
33 | Both | BSPRT | 1 | Aloft Dulles North | ||||||||
34 | Both | RMF | 1 | Kohl’s Highland Heights | ||||||||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | ||||||||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | ||||||||
37 | Both | BSPRT | 1 | Beau Terre Apartments | ||||||||
38 | Both | Natixis | 1 | Westar Place | The sum of i) $200,000, plus ii) the total amount determined by Lender, in its discretion, to be necessary to pay for all Primary Tenant Lease Renewal Expenses. | |||||||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | ||||||||
40 | Both | Barclays | 1 | Hen House Marketplace | 450,000 | |||||||
41 | Both | Barclays | 1 | North Plains Self Storage | ||||||||
42 | Both | Barclays | 1 | The Burgundy | ||||||||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | 21,239 | |||||||
44 | Both | Barclays | 1 | Vineland Leased Fee | ||||||||
45 | Both | RMF | 1 | Stor & Go Self Storage | ||||||||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | ||||||||
47 | Both | Barclays | 1 | Oak Brook Apartments | ||||||||
48 | Both | SGFC | 1 | LA Fitness Spring | ||||||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | 255,896 | |||||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | ||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | ||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | ||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | ||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | ||||||||
51 | Both | RMF | 1 | Marval Plaza | 100,000 | |||||||
52 | Both | BSPRT | 1 | Brownsville Plaza | ||||||||
53 | Both | KeyBank | 1 | Lake Bluff Village | ||||||||
54 | Both | BSPRT | 1 | Sandstone Apartments | ||||||||
55 | Both | KeyBank | 1 | Bayfield MHP |
A-1-22
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
TENANCY INFORMATION(22)(23)(24) | ||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Single Tenant | Largest Tenant | Unit Size | Lease Expiration | Second Largest Tenant | Unit Size | Lease Expiration | Third Largest Tenant | Unit Size | Lease Expiration |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | Yes | |||||||||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | Yes | Quest Diagnostics, Inc. | 222,193 | 08/31/2024 | ||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | Yes | Encompass Health Corporation | 199,305 | 03/30/2033 | ||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | Yes | AT&T Services, Inc. | 401,516 | 07/17/2026 | ||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | Yes | UP Central Leasing LLC | 220,000 | 03/31/2029 | ||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | Yes | ComDoc, Inc. | 107,500 | 04/30/2029 | ||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | Yes | Stanley Convergent Security Solutions, Inc. | 80,000 | 06/30/2028 | ||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | Yes | EQT Gathering, LLC | 127,135 | 06/30/2030 | ||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | Yes | Metal Technologies, Inc. | 234,377 | 06/30/2033 | ||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | Yes | Heatcraft Refrigeration Products, LLC | 214,757 | 05/31/2028 | ||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | Yes | Hanes Companies, Inc. | 275,500 | 09/30/2028 | ||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | Yes | FedEx Ground Package System, Inc. | 76,039 | 06/30/2024 | ||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | Yes | Cummins, Inc. | 36,720 | 11/30/2028 | ||||||
2 | Both | SGFC | 1 | Presidential City | No | |||||||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | No | Kohl’s | 119,734 | 05/31/2023 | Target | 88,000 | 07/31/2035 | Best Buy | 39,568 | 01/31/2022 |
4 | Both | Natixis | 1 | NEMA San Francisco | No | |||||||||
5 | Both | RMF | 1 | Equinix Data Center | Yes | Equinix, Inc. | 663,621 | 12/31/2068 | ||||||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | No | |||||||||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | No | |||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | No | |||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | No | |||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | No | |||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | No | |||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | No | |||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | No | |||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | No | |||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | No | |||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | No | |||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | No | |||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | No | |||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | No | |||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | No | |||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | No | |||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | No | |||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | No | |||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | No | |||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | No | |||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | No | |||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | No | |||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | No | |||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | No | |||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | No | |||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | No | |||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | No | |||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | No | |||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | No | |||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | No | |||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | No | |||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | No | |||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | No | |||||||||
7 | Both | Natixis | 1 | Uline Arena | No | Recreational Equipment, Inc. | 51,159 | 02/29/2032 | RGN National Business Center | 43,680 | 10/31/2033 | Pact Inc. | 39,137 | 04/30/2035 |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | No | |||||||||
9 | Both | Natixis | 1 | 765 Broad Street | No | Newark Public School | 198,513 | 12/14/2033 | Wells Fargo | 11,158 | 10/31/2020 | |||
10 | Both | KeyBank | 1 | Rivertop Apartments | No | |||||||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | No | |||||||||
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | No | CACI International Inc | 146,056 | 07/31/2027 | Axios, Inc | 14,153 | 05/31/2023 | Northstrat, Inc | 10,692 | 11/30/2024 |
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | No | TJ Maxx | 22,950 | 07/30/2029 | Old Navy | 12,500 | 07/31/2024 | Ulta Beauty | 10,080 | 08/31/2029 |
14 | Both | Barclays | 1 | 200 North Warner Road | No | AT&T Mobility | 24,884 | 09/30/2022 | Acriscure, LLC/ Odell Studner | 19,662 | 11/30/2023 | Arco Design/Build Northeast | 12,834 | 07/31/2024 |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | Yes | 701,266 | 05/31/2034 | |||||||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | No | |||||||||
16.01 | Property | RMF | 1 | Bohemia Self Storage | No | |||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | No | |||||||||
17 | Both | Barclays | 1 | One Main Plaza | No | County of Maui | 37,795 | 06/30/2023 | GSA | 15,541 | 08/31/2021 | Carlsmith Ball, LLP | 5,332 | 12/31/2020 |
18 | Both | SGFC | 1 | Crocs Distribution Center | Yes | Crocs, Inc. | 555,251 | 09/30/2030 | ||||||
19 | Both | Natixis | 1 | Walgreens South Beach | Yes | Walgreens | 22,857 | 03/31/2034 | ||||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | No | |||||||||
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | No |
A-1-23
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
TENANCY INFORMATION(22)(23)(24) | ||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Single Tenant | Largest Tenant | Unit Size | Lease Expiration | Second Largest Tenant | Unit Size | Lease Expiration | Third Largest Tenant | Unit Size | Lease Expiration |
22 | Loan | SGFC | 2 | Bison Portfolio | No | |||||||||
22.01 | Property | SGFC | 1 | Spring Creek | No | Best Buy | 50,000 | 01/31/2022 | Bed Bath & Beyond | 32,000 | 11/30/2024 | TJ Maxx | 28,000 | 01/31/2029 |
22.02 | Property | SGFC | 1 | Steele Crossing | No | Kohl’s | 86,584 | 01/31/2022 | PetSmart | 18,949 | 01/31/2023 | Lane Bryant | 5,600 | 04/30/2022 |
23 | Both | SGFC | 1 | 145 Spring Street | No | |||||||||
24 | Both | KeyBank | 1 | North Heights Plaza | No | Dick’s Sporting Goods | 46,290 | 01/31/2024 | Burlington | 33,765 | 02/28/2030 | Big Lots | 33,373 | 01/31/2021 |
25 | Both | Barclays | 1 | Southchase Village | No | TouchStar Cinemas | 28,000 | 04/30/2022 | dd’s Discounts | 25,200 | 09/30/2029 | Ross Dress for Less | 22,737 | 01/31/2025 |
26 | Both | Barclays | 1 | Scottsdale Gateway II | No | Caremark PCS | 26,344 | 06/30/2021 | Scottsdale Health Care (ICP) | 20,871 | 04/30/2027 | Calibercos, Inc. | 18,319 | 02/28/2026 |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | Yes | |||||||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | Yes | Walgreens | 14,112 | 12/31/2034 | ||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | Yes | Walgreens | 14,490 | 08/31/2028 | ||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | Yes | Walgreens | 15,125 | 01/31/2026 | ||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | Yes | CVS | 10,086 | 07/31/2039 | ||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | Yes | CVS | 11,240 | 07/31/2039 | ||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | Yes | Walgreens | 13,500 | 02/29/2028 | ||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | Yes | Rite Aid | 11,180 | 03/31/2023 | ||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | Yes | CVS | 10,251 | 07/31/2039 | ||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | Yes | CVS | 10,200 | 07/31/2039 | ||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | Yes | CVS | 10,125 | 07/31/2039 | ||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | Yes | Walgreens | 11,385 | 05/31/2034 | ||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | Yes | CVS | 10,112 | 07/31/2039 | ||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | Yes | Rite Aid | 12,000 | 01/31/2029 | ||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | No | |||||||||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | No | |||||||||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | No | Redner’s Markets Inc | 49,223 | 08/31/2032 | Dollar Tree | 9,000 | 06/30/2026 | Cypress Liquors | 4,800 | 06/30/2027 |
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | No | Walgreens | 15,852 | 11/30/2026 | Argilla Brewing at Pietro’s Pizza | 3,814 | 03/31/2022 | Sushi Somo | 3,537 | 10/31/2024 |
30 | Both | KeyBank | 1 | Providence Pavilion | No | Publix | 44,841 | 12/31/2024 | Walgreens | 14,820 | 08/31/2080 | Zoet Beauty Supply | 3,495 | 11/30/2021 |
31 | Both | KeyBank | 1 | Extra Space - McLean | No | |||||||||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | No | |||||||||
33 | Both | BSPRT | 1 | Aloft Dulles North | No | |||||||||
34 | Both | RMF | 1 | Kohl’s Highland Heights | Yes | Kohl’s | 80,371 | 01/28/2028 | ||||||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | No | |||||||||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | No | |||||||||
37 | Both | BSPRT | 1 | Beau Terre Apartments | No | |||||||||
38 | Both | Natixis | 1 | Westar Place | No | Bank of America Corporation | 45,653 | 10/31/2025 | Revolution Group | 13,224 | 09/30/2022 | WellSky Corporation | 10,161 | 01/31/2024 |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | No | |||||||||
40 | Both | Barclays | 1 | Hen House Marketplace | No | Hen House | 53,897 | 06/30/2034 | Tuesday Morning | 8,450 | 07/31/2020 | Past & Presents | 5,800 | 12/31/2020 |
41 | Both | Barclays | 1 | North Plains Self Storage | No | |||||||||
42 | Both | Barclays | 1 | The Burgundy | No | |||||||||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | No | |||||||||
44 | Both | Barclays | 1 | Vineland Leased Fee | No | Bahama Breeze | 12,299 | 12/31/2025 | Golden Corral | 11,003 | 07/31/2031 | BJ’s Brewhouse | 8,376 | 10/31/2033 |
45 | Both | RMF | 1 | Stor & Go Self Storage | No | |||||||||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | No | |||||||||
47 | Both | Barclays | 1 | Oak Brook Apartments | No | |||||||||
48 | Both | SGFC | 1 | LA Fitness Spring | Yes | Fitness International, LLC | 34,000 | 09/30/2034 | ||||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | Yes | |||||||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | Yes | The Vanguard Group | 201,658 | 10/31/2030 | ||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | Yes | The Vanguard Group | 133,000 | 10/31/2029 | ||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | Yes | The Vanguard Group | 117,000 | 10/31/2027 | ||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | Yes | The Vanguard Group | 117,000 | 10/31/2028 | ||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | No | |||||||||
51 | Both | RMF | 1 | Marval Plaza | No | Kurai Sushi and Chinese Buffet | 5,500 | 03/31/2022 | Dunkin Donuts | 1,967 | 02/28/2026 | Firehouse Subs | 1,857 | 03/31/2021 |
52 | Both | BSPRT | 1 | Brownsville Plaza | No | ALDI | 21,141 | 12/31/2031 | Terrace Bakery | 3,271 | 03/30/2021 | Dr. Howard S. Pittle Family Physician | 3,154 | 11/30/2022 |
53 | Both | KeyBank | 1 | Lake Bluff Village | No | |||||||||
54 | Both | BSPRT | 1 | Sandstone Apartments | No | |||||||||
55 | Both | KeyBank | 1 | Bayfield MHP | No |
A-1-24
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
TENANCY INFORMATION(22)(23)(24) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Fourth Largest Tenant | Unit Size | Lease Expiration | Fifth Largest Tenant | Unit Size | Lease Expiration | Loan Purpose | Principal/Carveout Guarantor(25) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | Refinance | Global Net Lease Operating Partnership, L.P. | ||||||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | ||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | ||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | ||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | ||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | ||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | ||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | ||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | ||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | ||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | ||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | ||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | ||||||||
2 | Both | SGFC | 1 | Presidential City | Refinance | Matthew Pestronk, Michael Pestronk | ||||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | Modell’s | 23,792 | 01/31/2025 | Olive Garden | 8,350 | 11/28/2028 | Refinance | CBB Realty Associates, LLC, Gazit Horizons, Inc. |
4 | Both | Natixis | 1 | NEMA San Francisco | Refinance | Sonny Kahn, not personally or individually (except as set forth in section 21 of this guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003, Russell W. Galbut, not personally or individually (except as set forth in section 21 of this guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business trust dated November 3, 2009, Bruce A. Menin, not personally or individually (except as set forth in section 21 of this guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009. | ||||||
5 | Both | RMF | 1 | Equinix Data Center | Refinance | Hartz Financial Corp. | ||||||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | Acquisition | Inland Private Capital Corporation | ||||||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | ||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | ||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | ||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | ||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | ||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | ||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | ||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | ||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | ||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | ||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | ||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | ||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | ||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | ||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | ||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | ||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | ||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | ||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | ||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | ||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | ||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | ||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | ||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | ||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | ||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | ||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | ||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | ||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | ||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | ||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | ||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | ||||||||
7 | Both | Natixis | 1 | Uline Arena | Davis Memorial Goodwill | 23,968 | 07/31/2035 | Antunovich Associates | 10,353 | 09/30/2029 | Refinance | Norman Jemal |
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | Refinance | Sonny Kahn, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009; Bruce A. Menin, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009 | ||||||
9 | Both | Natixis | 1 | 765 Broad Street | Refinance | Jorge Madruga, Francesca Madruga, Amnon Shalhov, Rina Chaya-Shalhov, Eli Weiss, Justin DiMare | ||||||
10 | Both | KeyBank | 1 | Rivertop Apartments | Acquisition | CF Real Estate Holdings, LLC | ||||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | Refinance | Corcoran Jennison Company, Inc. | ||||||
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | FTS International, LLC | 8,963 | 05/31/2023 | Acquisition | Carter F. Sackman | |||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | Five Below | 8,500 | 06/30/2029 | Chow Hound | 7,000 | 08/31/2028 | Refinance | Daniel L. Stern, Christopher G. Brochert, William T. Mast |
14 | Both | Barclays | 1 | 200 North Warner Road | Quadgen Wireless Solutions | 12,199 | 10/31/2025 | Velocitel, Inc. | 11,440 | 09/30/2022 | Acquisition | John B. Vander Zwaag, Richard Hamlin, Janet Kaz, Benjamin Adams, Pembroke IV LLC, Pembroke North Warner Investors LLC, TCM North Warner LLC, TCM North Warner GP LLC |
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | Refinance | Paul Guarantor LLC | ||||||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | Acquisition | Robert Moser | ||||||
16.01 | Property | RMF | 1 | Bohemia Self Storage | ||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | ||||||||
17 | Both | Barclays | 1 | One Main Plaza | Mahi Pono LLC | 3,348 | 01/31/2024 | State Judiciary | 2,800 | 10/31/2021 | Refinance | John R. Saunders |
18 | Both | SGFC | 1 | Crocs Distribution Center | Refinance | Northpoint Holdings, LLC | ||||||
19 | Both | Natixis | 1 | Walgreens South Beach | Acquisition | Eric Hadar | ||||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | Refinance | George J. Danneman, Gene Danneman | ||||||
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | Refinance | NAP |
A-1-25
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
TENANCY INFORMATION(22)(23)(24) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Fourth Largest Tenant | Unit Size | Lease Expiration | Fifth Largest Tenant | Unit Size | Lease Expiration | Loan Purpose | Principal/Carveout Guarantor(25) |
22 | Loan | SGFC | 2 | Bison Portfolio | Refinance | Adam Ifshin | ||||||
22.01 | Property | SGFC | 1 | Spring Creek | Old Navy | 20,000 | 04/30/2023 | Joann Stores Inc | 19,284 | 01/31/2021 | ||
22.02 | Property | SGFC | 1 | Steele Crossing | Sola Salon Studios | 4,870 | 09/30/2024 | Arkansas Dentistry | 4,200 | 12/31/2024 | ||
23 | Both | SGFC | 1 | 145 Spring Street | Refinance | Ralph Sitt | ||||||
24 | Both | KeyBank | 1 | North Heights Plaza | Once Upon A Child | 11,520 | 05/31/2022 | Party City | 10,451 | 01/31/2022 | Refinance | PMAT Real Estate Investments, L.L.C. |
25 | Both | Barclays | 1 | Southchase Village | Bealls Outlet | 20,000 | 04/30/2023 | Planet Fitness | 18,276 | 06/30/2025 | Acquisition | Michael Lapointe, Adam Greenberg |
26 | Both | Barclays | 1 | Scottsdale Gateway II | Northsight Management | 12,851 | 08/10/2020 | Boston IVF | 7,241 | 12/31/2020 | Refinance | James M. Pollock |
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | Refinance/Acquisition | Moshe Shovtiel Rudich | ||||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | ||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | ||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | ||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | ||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | ||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | ||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | ||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | ||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | ||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | ||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | ||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | ||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | ||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | Refinance | Dan L. Averill | ||||||
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | Refinance | Louis J. Capano, Jr., Louis J. Capano, III | ||||||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | Mariner Finance, LLC | 2,302 | 03/31/2022 | Centifola Nails & Spa Corp. | 1,600 | 10/31/2025 | ||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | CosmoProf | 2,448 | 12/31/2021 | Grill Village, Inc. | 2,240 | 06/30/2022 | ||
30 | Both | KeyBank | 1 | Providence Pavilion | Peachtree Immediate Care | 3,400 | 07/31/2024 | Premier Martial Arts | 2,500 | 11/30/2024 | Refinance | M & J Wilkow, Ltd. |
31 | Both | KeyBank | 1 | Extra Space - McLean | Refinance | Thomas J. Comparato | ||||||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | Acquisition | Chiman Patel | ||||||
33 | Both | BSPRT | 1 | Aloft Dulles North | Acquisition | Vinay B. Patel, Istiaq Azim Ahmed | ||||||
34 | Both | RMF | 1 | Kohl’s Highland Heights | Refinance | Andrew C. Hauck, III | ||||||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | Refinance | Michael Giuliani, Brad Harris, Brad-M, Inc. | ||||||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | Refinance | Mukesh Patel | ||||||
37 | Both | BSPRT | 1 | Beau Terre Apartments | Refinance | Donald P. Kelly, Jr. | ||||||
38 | Both | Natixis | 1 | Westar Place | Sales Fuel | 8,346 | 05/31/2025 | Eaton Electrical | 6,928 | 04/30/2025 | Acquisition | Zvi Zaffir |
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | Refinance | Timothy J. Dora, Robert McCormack | ||||||
40 | Both | Barclays | 1 | Hen House Marketplace | Hyderabad Darbar Indian Cuisine | 4,550 | 12/31/2020 | Athletico | 2,400 | 04/30/2026 | Recapitalization | E. Stanley Kroenke |
41 | Both | Barclays | 1 | North Plains Self Storage | Refinance | Jeffrey A. Jensen | ||||||
42 | Both | Barclays | 1 | The Burgundy | Acquisition | Iqbal Mutabanna, Dustin Howard, Veena Jetti, Sapan Talati, Neal Dandona, Puja Talati | ||||||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | Refinance | Thomson Family trust dated June 18, 1997, as may have been amended and restated, John C. Thomson | ||||||
44 | Both | Barclays | 1 | Vineland Leased Fee | Refinance | Robert Guerrerio, Jr. | ||||||
45 | Both | RMF | 1 | Stor & Go Self Storage | Refinance | Robert Moser | ||||||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | Refinance | Jigar Patel, Xama Bhatt | ||||||
47 | Both | Barclays | 1 | Oak Brook Apartments | Refinance | Eaton W. Tarbell, Jr. | ||||||
48 | Both | SGFC | 1 | LA Fitness Spring | Acquisition | Carl J. Greenwood, James F. McKenzie, Carl J. Greenwood, as trustee of The Greenwood Family Trust Dated October 16, 1985, James F. McKenzie, as trustee of the McKenzie Living Trust, Established December 16, 2009 | ||||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | Acquisition | NAP | ||||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | ||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | ||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | ||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | ||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | Refinance | Robert Moser | ||||||
51 | Both | RMF | 1 | Marval Plaza | Las Quesedillas | 1,328 | 12/31/2022 | Nail Salon | 1,328 | 05/31/2024 | Recapitalization | Gabriel Kamel |
52 | Both | BSPRT | 1 | Brownsville Plaza | Martik Laundry | 2,725 | 12/31/2023 | Kinesis Physical Therapy | 2,148 | 08/14/2022 | Acquisition | Kevin Dhillon, Daniella Dhillon |
53 | Both | KeyBank | 1 | Lake Bluff Village | Acquisition | Michael Gottlieb | ||||||
54 | Both | BSPRT | 1 | Sandstone Apartments | Acquisition | Tony M. McGuckin | ||||||
55 | Both | KeyBank | 1 | Bayfield MHP | Acquisition | Barry Higgins |
A-1-26
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HOTEL OPERATING STATISTICS | |||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Related Borrower(26) | Lockbox (Y/N) | Lockbox Type(27) | UW Occupancy (%) | UW ADR ($) | UW RevPAR ($) | Most Recent Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | No | Yes | Hard | ||||||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | |||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | |||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | |||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | |||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | |||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | |||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | |||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | |||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | |||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | |||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | |||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | |||||||||
2 | Both | SGFC | 1 | Presidential City | No | Yes | Soft (Residential); Hard (Commercial) | ||||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | No | Yes | Hard | ||||||
4 | Both | Natixis | 1 | NEMA San Francisco | Yes - Group 1 | Yes | Soft (Residential); Hard (Commercial) | ||||||
5 | Both | RMF | 1 | Equinix Data Center | No | Yes | Hard | ||||||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | No | No | None | ||||||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | |||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | |||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | |||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | |||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | |||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | |||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | |||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | |||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | |||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | |||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | |||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | |||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | |||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | |||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | |||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | |||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | |||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | |||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | |||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | |||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | |||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | |||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | |||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | |||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | |||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | |||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | |||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | |||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | |||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | |||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | |||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | |||||||||
7 | Both | Natixis | 1 | Uline Arena | No | Yes | Hard | ||||||
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | Yes - Group 1 | Yes | Soft | ||||||
9 | Both | Natixis | 1 | 765 Broad Street | No | Yes | Hard | ||||||
10 | Both | KeyBank | 1 | Rivertop Apartments | No | Yes | Springing | ||||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | No | Yes | Soft | 41.5% | 326.45 | 135.35 | 41.5% | 326.45 | 135.35 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | No | Yes | Hard | ||||||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | No | Yes | Hard | ||||||
14 | Both | Barclays | 1 | 200 North Warner Road | No | Yes | Hard | ||||||
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | No | Yes | Hard | ||||||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | Yes - Group 2 | Yes | Springing | ||||||
16.01 | Property | RMF | 1 | Bohemia Self Storage | |||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | |||||||||
17 | Both | Barclays | 1 | One Main Plaza | No | Yes | Hard | ||||||
18 | Both | SGFC | 1 | Crocs Distribution Center | No | Yes | Hard | ||||||
19 | Both | Natixis | 1 | Walgreens South Beach | No | Yes | Hard | ||||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | No | Yes | Springing | 70.9% | 146.47 | 103.85 | 70.9% | 146.47 | 103.85 |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz | No | Yes | Springing |
A-1-27
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HOTEL OPERATING STATISTICS | |||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Related Borrower(26) | Lockbox (Y/N) | Lockbox Type(27) | UW Occupancy (%) | UW ADR ($) | UW RevPAR ($) | Most Recent Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) |
22 | Loan | SGFC | 2 | Bison Portfolio | No | Yes | Hard | ||||||
22.01 | Property | SGFC | 1 | Spring Creek | |||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | |||||||||
23 | Both | SGFC | 1 | 145 Spring Street | No | Yes | Springing | ||||||
24 | Both | KeyBank | 1 | North Heights Plaza | No | Yes | Springing | ||||||
25 | Both | Barclays | 1 | Southchase Village | No | Yes | Springing | ||||||
26 | Both | Barclays | 1 | Scottsdale Gateway II | No | Yes | Hard | ||||||
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | No | Yes | Hard | ||||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | |||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | |||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | |||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | |||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | |||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | |||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | |||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | |||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | |||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | |||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | |||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | |||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | |||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | No | Yes | Springing | 75.6% | 171.63 | 129.66 | 75.6% | 171.63 | 129.66 |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | No | Yes | Springing | ||||||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | |||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | |||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | No | Yes | Springing | ||||||
31 | Both | KeyBank | 1 | Extra Space - McLean | No | No | None | ||||||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | No | Yes | Springing | 85.5% | 114.87 | 98.22 | 85.5% | 114.87 | 98.22 |
33 | Both | BSPRT | 1 | Aloft Dulles North | No | Yes | Springing | 75.8% | 100.99 | 76.50 | 75.8% | 100.99 | 76.50 |
34 | Both | RMF | 1 | Kohl’s Highland Heights | No | Yes | Springing | ||||||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | No | No | None | ||||||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | No | Yes | Springing | 77.5% | 122.06 | 94.57 | 77.5% | 122.06 | 94.57 |
37 | Both | BSPRT | 1 | Beau Terre Apartments | No | Yes | Springing | ||||||
38 | Both | Natixis | 1 | Westar Place | No | Yes | Hard | ||||||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | No | Yes | Hard | 78.5% | 91.85 | 72.03 | 78.5% | 91.85 | 72.03 |
40 | Both | Barclays | 1 | Hen House Marketplace | No | Yes | Springing | ||||||
41 | Both | Barclays | 1 | North Plains Self Storage | No | Yes | Springing | ||||||
42 | Both | Barclays | 1 | The Burgundy | No | Yes | Springing | ||||||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | No | Yes | Springing | ||||||
44 | Both | Barclays | 1 | Vineland Leased Fee | No | Yes | Springing | ||||||
45 | Both | RMF | 1 | Stor & Go Self Storage | Yes - Group 2 | Yes | Springing | ||||||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | No | Yes | Hard | 74.9% | 108.22 | 81.09 | 74.9% | 108.22 | 81.09 |
47 | Both | Barclays | 1 | Oak Brook Apartments | No | Yes | Springing | ||||||
48 | Both | SGFC | 1 | LA Fitness Spring | No | Yes | Springing | ||||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | No | Yes | Hard | ||||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | |||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | |||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | |||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | |||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | Yes - Group 2 | Yes | Springing | ||||||
51 | Both | RMF | 1 | Marval Plaza | No | Yes | Springing | ||||||
52 | Both | BSPRT | 1 | Brownsville Plaza | No | Yes | Springing | ||||||
53 | Both | KeyBank | 1 | Lake Bluff Village | No | No | None | ||||||
54 | Both | BSPRT | 1 | Sandstone Apartments | No | Yes | Springing | ||||||
55 | Both | KeyBank | 1 | Bayfield MHP | No | Yes | Springing |
A-1-28
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HOTEL OPERATING STATISTICS | |||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | 2018 Occupancy (%) | 2018 ADR ($) | 2018 RevPAR ($) | 2017 Occupancy (%) | 2017 ADR ($) | 2017 RevPAR ($) | 2016 Occupancy (%) | 2016 ADR ($) | 2016 RevPAR ($) |
1 | Loan | KeyBank | 12 | GNL Office and Industrial Portfolio | |||||||||
1.01 | Property | KeyBank | 1 | Quest Diagnostics, Inc. | |||||||||
1.02 | Property | KeyBank | 1 | Encompass Health Corporation | |||||||||
1.03 | Property | KeyBank | 1 | AT&T Services, Inc. | |||||||||
1.04 | Property | KeyBank | 1 | Up Central Leasing LLC | |||||||||
1.05 | Property | KeyBank | 1 | ComDoc, Inc. | |||||||||
1.06 | Property | KeyBank | 1 | Stanley Convergent Security Solutions, Inc. | |||||||||
1.07 | Property | KeyBank | 1 | EQT Gathering, LLC | |||||||||
1.08 | Property | KeyBank | 1 | Metal Technologies, Inc. | |||||||||
1.09 | Property | KeyBank | 1 | Heatcraft Refrigeration Products, LLC | |||||||||
1.10 | Property | KeyBank | 1 | Hanes Companies, Inc. | |||||||||
1.11 | Property | KeyBank | 1 | FedEx Ground Package System, Inc. | |||||||||
1.12 | Property | KeyBank | 1 | Cummins, Inc. | |||||||||
2 | Both | SGFC | 1 | Presidential City | |||||||||
3 | Both | Barclays | 1 | Ceasar’s Bay Shopping Center | |||||||||
4 | Both | Natixis | 1 | NEMA San Francisco | |||||||||
5 | Both | RMF | 1 | Equinix Data Center | |||||||||
6 | Loan | KeyBank | 32 | Inland Life Storage Portfolio | |||||||||
6.01 | Property | KeyBank | 1 | Life Storage - 586 | |||||||||
6.02 | Property | KeyBank | 1 | Life Storage - 145 | |||||||||
6.03 | Property | KeyBank | 1 | Life Storage - 364 | |||||||||
6.04 | Property | KeyBank | 1 | Life Storage - 365 | |||||||||
6.05 | Property | KeyBank | 1 | Life Storage - 212 | |||||||||
6.06 | Property | KeyBank | 1 | Life Storage - 386 | |||||||||
6.07 | Property | KeyBank | 1 | Life Storage - 256 | |||||||||
6.08 | Property | KeyBank | 1 | Life Storage - 206 | |||||||||
6.09 | Property | KeyBank | 1 | Life Storage - 324 | |||||||||
6.10 | Property | KeyBank | 1 | Life Storage - 236 | |||||||||
6.11 | Property | KeyBank | 1 | Life Storage - 184 | |||||||||
6.12 | Property | KeyBank | 1 | Life Storage - 500 | |||||||||
6.13 | Property | KeyBank | 1 | Life Storage - 288 | |||||||||
6.14 | Property | KeyBank | 1 | Life Storage - 299 | |||||||||
6.15 | Property | KeyBank | 1 | Life Storage - 209 | |||||||||
6.16 | Property | KeyBank | 1 | Life Storage - 035 | |||||||||
6.17 | Property | KeyBank | 1 | Life Storage - 074 | |||||||||
6.18 | Property | KeyBank | 1 | Life Storage - 252 | |||||||||
6.19 | Property | KeyBank | 1 | Life Storage - 033 | |||||||||
6.20 | Property | KeyBank | 1 | Life Storage - 205 | |||||||||
6.21 | Property | KeyBank | 1 | Life Storage - 300 | |||||||||
6.22 | Property | KeyBank | 1 | Life Storage - 026 | |||||||||
6.23 | Property | KeyBank | 1 | Life Storage - 361 | |||||||||
6.24 | Property | KeyBank | 1 | Life Storage - 165 | |||||||||
6.25 | Property | KeyBank | 1 | Life Storage - 208 | |||||||||
6.26 | Property | KeyBank | 1 | Life Storage - 211 | |||||||||
6.27 | Property | KeyBank | 1 | Life Storage - 021 | |||||||||
6.28 | Property | KeyBank | 1 | Life Storage - 298 | |||||||||
6.29 | Property | KeyBank | 1 | Life Storage - 297 | |||||||||
6.30 | Property | KeyBank | 1 | Life Storage - 153 | |||||||||
6.31 | Property | KeyBank | 1 | Life Storage - 075 | |||||||||
6.32 | Property | KeyBank | 1 | Life Storage - 152 | |||||||||
7 | Both | Natixis | 1 | Uline Arena | |||||||||
8 | Both | Natixis | 1 | 10000 Santa Monica Boulevard | |||||||||
9 | Both | Natixis | 1 | 765 Broad Street | |||||||||
10 | Both | KeyBank | 1 | Rivertop Apartments | |||||||||
11 | Both | KeyBank | 1 | Ocean Edge Resort & Golf Club | 40.9% | 325.04 | 132.78 | 41.1% | 318.93 | 130.99 | 40.3% | 319.48 | 128.72 |
12 | Both | KeyBank | 1 | Loudoun Gateway II and III | |||||||||
13 | Both | KeyBank | 1 | Village at Knapp’s Crossing | |||||||||
14 | Both | Barclays | 1 | 200 North Warner Road | |||||||||
15 | Both | Barclays | 1 | Moffett Towers II - Buildings 3 & 4 | |||||||||
16 | Loan | RMF | 2 | Mr. D’s Self Storage Portfolio | |||||||||
16.01 | Property | RMF | 1 | Bohemia Self Storage | |||||||||
16.02 | Property | RMF | 1 | Bay Shore Self Storage | |||||||||
17 | Both | Barclays | 1 | One Main Plaza | |||||||||
18 | Both | SGFC | 1 | Crocs Distribution Center | |||||||||
19 | Both | Natixis | 1 | Walgreens South Beach | |||||||||
20 | Both | Natixis | 1 | SpringHill Suites Newark | 61.0% | 142.60 | 86.92 | NAV | NAV | NAV | NAV | NAV | NAV |
21 | Both | Barclays | 1 | Storage Etc. - Los Feliz |
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HOTEL OPERATING STATISTICS | |||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | 2018 Occupancy (%) | 2018 ADR ($) | 2018 RevPAR ($) | 2017 Occupancy (%) | 2017 ADR ($) | 2017 RevPAR ($) | 2016 Occupancy (%) | 2016 ADR ($) | 2016 RevPAR ($) |
22 | Loan | SGFC | 2 | Bison Portfolio | |||||||||
22.01 | Property | SGFC | 1 | Spring Creek | |||||||||
22.02 | Property | SGFC | 1 | Steele Crossing | |||||||||
23 | Both | SGFC | 1 | 145 Spring Street | |||||||||
24 | Both | KeyBank | 1 | North Heights Plaza | |||||||||
25 | Both | Barclays | 1 | Southchase Village | |||||||||
26 | Both | Barclays | 1 | Scottsdale Gateway II | |||||||||
27 | Loan | BSPRT | 13 | NMR Pharmacy Portfolio | |||||||||
27.01 | Property | BSPRT | 1 | WAG - Knoxville, TN | |||||||||
27.02 | Property | BSPRT | 1 | WAG - Cincinnati, OH | |||||||||
27.03 | Property | BSPRT | 1 | WAG - Huntington, IN | |||||||||
27.04 | Property | BSPRT | 1 | CVS - Dublin, OH | |||||||||
27.05 | Property | BSPRT | 1 | CVS - Ashland, KY | |||||||||
27.06 | Property | BSPRT | 1 | WAG - Akron, OH | |||||||||
27.07 | Property | BSPRT | 1 | Rite Aid/PNC ATM - Dayton, OH | |||||||||
27.08 | Property | BSPRT | 1 | CVS - Bristol, VA | |||||||||
27.09 | Property | BSPRT | 1 | CVS - Bristol, TN | |||||||||
27.10 | Property | BSPRT | 1 | CVS - Evans, GA | |||||||||
27.11 | Property | BSPRT | 1 | WAG - Henderson, KY | |||||||||
27.12 | Property | BSPRT | 1 | CVS - Summerfield, NC | |||||||||
27.13 | Property | BSPRT | 1 | Rite Aid - Hermitage, PA | |||||||||
28 | Both | Barclays | 1 | The Firebrand Hotel | 71.2% | 158.94 | 98.41 | 62.7% | 156.94 | 98.41 | NAV | NAV | NAV |
29 | Loan | BSPRT | 2 | Delaware Retail Portfolio | |||||||||
29.01 | Property | BSPRT | 1 | Cypress Hall Shopping Center | |||||||||
29.02 | Property | BSPRT | 1 | Meadowood Shopping Center | |||||||||
30 | Both | KeyBank | 1 | Providence Pavilion | |||||||||
31 | Both | KeyBank | 1 | Extra Space - McLean | |||||||||
32 | Both | Barclays | 1 | Residence Inn - Hoover, AL | 85.1% | 111.97 | 95.29 | 84.9% | 107.27 | 86.00 | 79.6% | 108.10 | 86.00 |
33 | Both | BSPRT | 1 | Aloft Dulles North | 79.1% | 91.88 | 72.66 | 75.9% | 89.11 | 67.68 | 83.0% | 83.33 | 69.18 |
34 | Both | RMF | 1 | Kohl’s Highland Heights | |||||||||
35 | Both | KeyBank | 1 | Paradise Foothills Apartments | |||||||||
36 | Both | Barclays | 1 | Home2 Suites - Lithia Springs, GA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
37 | Both | BSPRT | 1 | Beau Terre Apartments | |||||||||
38 | Both | Natixis | 1 | Westar Place | |||||||||
39 | Both | Barclays | 1 | Candlewood Suites - Terre Haute IN | 88.1% | 91.87 | 80.89 | 82.1% | 92.37 | 75.82 | 86.6% | 89.88 | 70.59 |
40 | Both | Barclays | 1 | Hen House Marketplace | |||||||||
41 | Both | Barclays | 1 | North Plains Self Storage | |||||||||
42 | Both | Barclays | 1 | The Burgundy | |||||||||
43 | Both | KeyBank | 1 | Dollar Self Storage - Chandler | |||||||||
44 | Both | Barclays | 1 | Vineland Leased Fee | |||||||||
45 | Both | RMF | 1 | Stor & Go Self Storage | |||||||||
46 | Both | Barclays | 1 | Fairfield Inn - Calhoun, GA | 77.3% | 107.45 | 83.10 | 81.8% | 104.57 | 80.82 | 80.9% | 99.91 | 80.82 |
47 | Both | Barclays | 1 | Oak Brook Apartments | |||||||||
48 | Both | SGFC | 1 | LA Fitness Spring | |||||||||
49 | Loan | Natixis | 4 | Vanguard Portfolio | |||||||||
49.01 | Property | Natixis | 1 | 425 Old Morehall Road | |||||||||
49.02 | Property | Natixis | 1 | 1001 Cedar Hollow Road | |||||||||
49.03 | Property | Natixis | 1 | 50 Morehall Road | |||||||||
49.04 | Property | Natixis | 1 | 60 Morehall Road | |||||||||
50 | Both | RMF | 1 | Xtra Room Self Storage | |||||||||
51 | Both | RMF | 1 | Marval Plaza | |||||||||
52 | Both | BSPRT | 1 | Brownsville Plaza | |||||||||
53 | Both | KeyBank | 1 | Lake Bluff Village | |||||||||
54 | Both | BSPRT | 1 | Sandstone Apartments | |||||||||
55 | Both | KeyBank | 1 | Bayfield MHP |
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Footnotes to Annex A-1
(1) | “Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller; “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller; “Natixis” denotes Natixis Real Estate Capital LLC as Mortgage Loan Seller; “SGFC” denotes Societe Generale Financial Corporation as Mortgage Loan Seller; “RMF” denotes Rialto Mortgage Finance, LLC as Mortgage Loan Seller; “BSPRT” denotes BSPRT CMBS Finance, LLC as Mortgage Loan Seller. |
(2) | With respect to Loan No. 2, Presidential City, the mortgaged property is comprised of 1,015 multifamily units and 78,483 square feet of commercial space. |
With respect to Loan No. 7, Uline Arena, the mortgaged property consists of two contiguous buildings totaling 248,381 square feet that contain mixed-use office (181,685 square feet) and retail space (66,696 square feet) and an attached four-story parking garage (167 spaces) located in northeast Washington, D.C.
With respect to Loan No. 18, Crocs Distribution Center, the mortgaged property is comprised of 555,251 square feet of industrial, warehouse/distribution space, which includes 15,000 square feet of office space and 204,749 square feet of expansion space. The entire space, after giving effect to an expansion, will not exceed 760,000 square feet.
With respect to Loan No. 23, 145 Spring Street, the mortgaged property is comprised of 1,474 square feet of office space, 1,200 square feet of retail space and five multifamily units.
(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. 11, Ocean Edge Resort & Golf Club, 13 of the 337 rooms at the Ocean Edge Resort & Golf Club Mortgaged Property are owned by individual condominium owners and operated as part of the mortgaged property via assigned rental management services agreements. The units, historical cashflows and underwritten cashflows are in each case inclusive of the 13 condominium units.
With respect to Loan No. 15, Moffett Towers II – Buildings 3 & 4, the Moffett Towers II – Buildings 3 & 4 mortgaged property features access to a 59,648 square foot non-collateral fitness/amenities building and an enclosed parking structure (the “Common Area Spaces”). To govern access to the Common Area Spaces, the borrower is subject to a declaration of covenants, conditions, restrictions, easement and charges agreement (the “CCR”) made by MT II LLC, an affiliate of the borrower sponsor. The CCR grants the borrower non-exclusive easement rights over the Common Area Spaces. Ownership of the Common Area Spaces governed by the CCR is held by Moffett Towers II Association LLC (the “Association”), whose membership is comprised of the borrower and the owners of buildings 1, 2 and 5. The Association is obligated to maintain insurance coverage for the Common Area Spaces and is also responsible for the maintenance of the Common Area Spaces, subject to the terms of the Facebook leases. The CCR delineates shares of the voting interest in the Association based on the number of buildings at the Moffett Towers II campus, with each completed building entitled to a proportionate share of the voting interest. Each building is entitled to a one-fifth share (20.0%) share of the voting interest in the Association.
(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. |
For tenants that are one of the top 5 tenants (by net rentable area leased) at mortgaged properties secured by the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus.
With respect to Loan No. 3, Ceasar’s Bay Shopping Center, the Second Largest Tenant, Target, has accepted its space but is finishing its own build out and has not yet opened for business. The borrower sponsor expects the tenant to take occupancy of its space by August 2020. At origination, the borrower deposited $4,567,700 and $2,511,385 into a free rent reserve and TI/LC reserve, respectively, which covers all outstanding free rent and TI/LC obligations remaining for such tenant.
With respect to Loan No. 4, NEMA San Francisco, the mortgaged property contains 90 affordable units. San Francisco’s Inclusionary Housing Program requires all new multifamily developments to either (i) pay an affordable housing fee, or (ii) meet the inclusionary requirement by leasing a percentage of the units as ‘below
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market rate’ units at a price that is affordable to low and middle-income households. The NEMA San Francisco mortgaged property will meet the city’s Inclusionary Housing Program requirements by maintaining 90 (11.9%) of the 754 units as affordable rental units for 55 years. The maximum rent that can be charged for an affordable unit is determined by the City of San Francisco each year based on San Francisco County’s Area Median Income (“AMI”) as published by the Department of Housing and Urban Development. For the NEMA San Francisco mortgaged property, the affordable units are set at rates affordable to households earning 55% of the AMI. It is anticipated that the affordable units’ rent will increase at 2% per annum going forward, according to the borrower sponsor. Pursuant to the related loan documents, the borrower is required to comply with the related affordable housing documents and a failure to do so would result in an event of default under the related loan documents. However, such failure to comply does not automatically result in recourse except to the extent the failure constitutes willful misconduct.
With respect to Loan No. 7, Uline Arena, the Third Largest Tenant, Pact Inc., representing 15.8% of the net rentable area at the mortgaged property, has not yet taken occupancy and is currently building out its space. Pact Inc. is not required to commence paying rent until May 1, 2020 (which date may be extended if there are construction delays) and has a partial free rent period from May 1, 2020 through October 2023.
With respect to Loan No. 7, Uline Arena, the Largest Tenant at the mortgaged property, Recreational Equipment, Inc., has subleased 1,052 square feet of its space to La Colombe, which uses the space to operate a coffee shop within Recreational Equipment, Inc.’s space. La Colombe’s sublease expires in January 2027 and includes one five-year extension option. Under the sublease, La Colombe has an option to terminate if it fails to meet or exceed $600,000 in gross receipts for any calendar year after the fourth sublease year (2020) and Recreational Equipment, Inc. has a right to terminate the sublease if La Colombe fails to produce its gross receipt report. Notwithstanding the sublease, Recreational Equipment, Inc. remains liable for its obligations under the primary lease with the Uline Arena borrower.
With respect to Loan No. 9, 765 Broad Street, the Largest Tenant, Newark Public School, originally leased 97,101 square feet at the mortgaged property and later expanded its space by an additional 101,412 square feet on the fourth through seventh floors. In November 2019, the Newark Public School is expected to take occupancy of the fourth, fifth, and seventh floors, and, upon completion of certain tenant improvement projects estimated to be completed in December 2019, is expected to take occupancy of the sixth floor.
With respect to Loan No. 15, Moffett Towers II – Buildings 3 & 4, the sole tenant at the mortgaged property, Facebook, has a free rent period from August 2019 to December 2019. At origination, the borrower reserved $16,127,329 representing free rent under the Facebook lease.
With respect to Loan No. 18, Crocs Distribution Center, the sole tenant, Crocs, Inc., is in occupancy but is in a free rent period until March 2020. At origination, the borrower reserved $520,372, in respect of the projected and anticipated amount of (i) interest payments and (ii) deposits to be made into (a) the tax and insurance subaccount on account of real estate taxes, (b) the capital reserve subaccount and (c) the rollover reserve subaccount, in each case, during the free rent period under the Crocs, Inc. lease (together, the “Crocs Free Rent Period Payments”).
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, the Current LTV (%) and the Maturity/ARD LTV (%) are based on the “as-is” Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. |
With respect to Loan No. 1, GNL Office and Industrial Portfolio, the Appraised Value ($) represents the “As Portfolio” value of $370,310,000, which includes a portfolio premium to the Mortgaged Properties if sold together on a bulk basis. The sum of the “as-is” appraised values on a stand-alone basis is $364,710,000. The Current LTV (%) and Maturity/ARD LTV (%) representing the sum of the “as-is” appraised values are 55.9% and 55.9%, respectively.
With respect to Loan No. 6, Inland Life Storage Portfolio, the Appraised Value ($) represents the “As Portfolio” value of $225,000,000, which includes a portfolio premium applied to the Mortgaged Properties if sold together on a bulk basis. The sum of the “as-is” appraised values on a stand-alone basis is $212,100,000. The Current LTV (%), and Maturity/ARD LTV (%) representing the sum of the “as-is” Appraised Values are 65.6% and 56.5%, respectively.
With respect to Loan No. 7, Uline Arena, Current LTV (%) is calculated based off of the “As Complete” value of $212,000,000 as of July 1, 2021, which assumes that all tenants with executed leases are in occupancy and
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paying rent. As of July 26, 2019, the Uline Arena Property was 92.1% leased (including approximately 69,910 square feet that were not yet occupied). At origination, the Uline Arena borrower deposited approximately (i) $1.8 million in a gap rent reserve, which represents the total underwritten rent between the origination date and the anticipated lease commencement dates and (ii) $7.5 million in a free rent reserve for outstanding free rent for various tenants during the term of the Uline Arena Whole Loan. The Current LTV (%) and Maturity/ARD LTV (%) are based on the “As Complete” value. The Current LTV (%) and Maturity/ARD LTV (%) based on the “As Is” value of $194,000,000 are 61.9% and 61.9%, respectively.
With respect to Loan No. 9, 765 Broad Street, Current LTV (%) is calculated based off of the “As Stabilized” value of $51,900,000 as of January 1, 2020, which assumes that Newark Public School (“NPS”) takes occupancy of the fourth, fifth and seventh floors and exercises its right of first offer to lease the sixth floor space no later than January 1, 2020. As of February 26, 2019, the mortgaged property was 100.0% leased (including approximately 101,412 square feet that were not yet occupied). At origination, the borrower deposited (i) $271,519 into an NPS free rent reserve for free rent due under all of the NPS leases at the mortgaged property through 2021; (ii) $226,868 into an NPS parking credit reserve for parking credits (rent offsets) owed to NPS under its leases through 2021; (iii) $332,612 into an NPS gap rent reserve for the debt service shortfall between origination through the expected outside date for NPS to take occupancy of its space; (iv) $4,852,814 into a rollover reserve for outstanding tenant improvements and leasing commissions; and (v) $4,763,371 into a reserve account for the NPS lease commencement applying to the sixth floor space. Upon receipt of the signed lease for the sixth floor space on June 19, 2019, $4,763,371 was released to the borrower. The Current LTV (%) and Maturity/ARD LTV (%) are based on the “As Stabilized” value. The Current LTV (%) and Maturity/ARD LTV (%) are based on the “As Is” value of $46,100,000 are 73.4% and 73.4%, respectively.
With respect to Loan No. 15, Moffett Towers II – Buildings 3 & 4, the Appraised Value ($)is a prospective market value that assumes that any remaining construction costs have been paid and Facebook, the sole tenant, has taken occupancy, completed construction and commenced rental payments (expected January 1, 2020 for Building 3 and December 1, 2019 for Building 4, pursuant to its leases). The borrower reserved $23,165,933 for remaining construction costs and $16,127,329 representing 100% of the free rent. Facebook has taken possession of its space and is currently constructing its interior improvements. The as-is appraised value is $726.0 million as of May 3, 2019 and is inclusive of deductions for rent concessions and outstanding tenant improvements and leasing commissions, equating to a Current LTV (%) and Maturity LTV (%) of 48.2%.
With respect to Loan No. 18, Crocs Distribution Center, the appraisal provided an “as-stabilized” value of $35,800,000 as of February 1, 2020 for the mortgaged property based on the tenant’s six-month free rent period having expired and all construction completion costs having been paid in full. The Current LTV (%), and Maturity/ARD LTV (%) representing the sum of the “as-is” appraised value of $33,000,000 are 69.7% and 63.3%, respectively.
With respect to Loan No. 25, Southchase Village, the Appraised Value ($)reflects an “as-is” value which includes an extraordinary assumption that $500,000 was reserved for tenant improvements and leasing commissions. At origination, the borrower reserved $500,000 for general TI/LCs and $220,380 for outstanding TI/LCs. The Current LTV (%) and Maturity/ARD LTV (%) based on the as-is value excluding the TI/LC extraordinary assumption of $26,350,000 are 62.7% and 62.7%, respectively.
With respect to Loan No. 26, Scottsdale Gateway II, the Appraised Value ($) reflects an “as-stabilized” value of $23,900,000 for the mortgaged property with the assumption that two tenants at the mortgaged property will commence paying rent on November 1, 2019. The Current LTV (%) and Maturity/ARD LTV (%) based on the “as-is” value of $23,500,000 are 70.2% and 61.2%, respectively.
With respect to Loan No. 27, NMR Pharmacy Portfolio, the Appraised Value ($) is $50,700,000, which reflects a portfolio premium attributed to the aggregate “as-is” values of the individual NMR Pharmacy Portfolio mortgaged properties if such mortgaged properties were sold together as a portfolio on a bulk basis . The sum of the values of each of the mortgaged properties on an individual basis is $47,645,000, which results in a Current LTV (%) and Maturity/ARD LTV (%) of 66.7%.
With respect to Loan No. 32, Residence Inn – Hoover, AL, the Appraised Value ($)reflects an extraordinary assumption that the borrower will reserve $350,000 for capital improvements. At origination, the borrower escrowed $1,000,000 into a property improvement reserve. The Current LTV (%) and Maturity/ARD LTV (%) based on the “as-is” value excluding the extraordinary assumption of $16,700,000 are 71.1% and 56.2%.
With respect to Loan No. 33, Aloft Dulles North, the “Hypothetical As-Stabilized” Appraised Value of $20,000,000 as of August 20, 2019 assumes that the amount for the remaining PIP work would be escrowed by the lender and would be available to a prospective buyer to fund the PIP work at the Aloft Dulles North mortgaged property. The Aloft Dulles North borrowers deposited upfront PIP reserves totaling $2,997,900, which represents 125% of
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the estimated costs of the remaining PIP work. The Current LTV (%) and Maturity/ARD LTV (%) representing the “As-Is” Appraised Values are 68.2% and 54.9%, respectively.
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), 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. 4, NEMA San Francisco, control rights are currently exercised by the holder of the NCMS 2019-NEMA securitization trust as holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—NEMA San Francisco” in the preliminary prospectus.
With respect to Loan No. 8, 10000 Santa Monica Boulevard, control rights are currently exercised by the NCMS 2019-10K securitization trust as holder of the Note A-B. Note A-B is the controlling note until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—10000 Santa Monica Boulevard” in the preliminary prospectus.
With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, control rights are currently exercised by the holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—Moffett Towers II – Buildings 3 & 4” in the preliminary prospectus.
With respect to Loan No. 49, Vanguard Portfolio, control rights are currently exercised by the holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—Vanguard Portfolio” in the preliminary prospectus.
(7) | The Original Balance ($) and Current Balance ($) represent only the mortgage loan included in the issuing entity. The U/W NOI DSCR (x), U/W NCF DSCR (x), Current LTV (%), Maturity/ARD LTV (%), Current U/W NOI Debt Yield (%), Current U/W NCF Debt Yield (%) and Current Balance per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding Loan Nos. 1, 2, 3, 4, 5, 6, 7, 8, 11, 15, 22, 27, and 49, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” under “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. |
(8) | For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representation Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
(9) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service Amount ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
(10) | With respect to Loan No. 23, 145 Spring Street, a Grace Period (Default) of five days is allowed. The grace period for an event of default is zero days on maturity and five days for the monthly payment of principal and interest. |
(11) | With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, the Moffett Towers II – Buildings 3 & 4 Whole Loan is structured with an anticipated repayment date of July 6, 2029 (the “ARD”) and a stated maturity date of June 6, 2034. The monthly debt service payments are based on an initial interest rate of 3.76386%, and are interest-only through and including the ARD and the stated maturity date. Commencing on the ARD and each payment date thereafter, the Moffett Towers II – Buildings 3 & 4 Whole Loan will accrue interest at an adjusted interest rate, as defined in the Moffett Towers II - Buildings 3 & 4 Whole Loan documents; however, interest accrued at the excess of the adjusted interest rate over the initial interest rate will be deferred. In addition, from and after the ARD, all excess cash flow from the Moffett Towers II – Buildings 3 & 4 mortgaged property after the payment of the reserves for tax and insurance, and mortgage and mezzanine interest calculated at the initial interest rate will be applied as provided in “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—The Moffett Towers II – Buildings 3 & 4 Whole Loan” in the preliminary prospectus. |
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With respect to Loan No. 18, Crocs Distribution Center, the mortgage loan is structured with an anticipated repayment date of October 1, 2029 (the “ARD”) and a stated maturity date of September 1, 2030. The monthly debt service payments are based on an initial interest rate of 4.04000% through the ARD, and are interest-only through and including October 1, 2024. The Crocs Distribution Center mortgage loan will begin amortizing on November 1, 2024. Commencing on the ARD and each payment date thereafter, the Crocs Distribution Center mortgage loan will accrue interest at an adjusted interest rate, as defined in the Crocs Distribution Center mortgage loan documents; however, interest accrued at the excess of the adjusted interest rate over the initial interest rate will be deferred. In addition, from and after the ARD, all rents from the Crocs Distribution Center mortgaged property will be deposited into the deposit account and applied subject to the terms in the mortgage loan documents.
With respect to Loan No. 48, LA Fitness Spring, the mortgage loan is structured with an anticipated repayment date of October 1, 2029 (the “ARD”) and a stated maturity date of September 1, 2034. The monthly debt service payments are based on an initial interest rate of 4.37000% through the ARD, and are interest-only through and including October 1, 2023. The LA Fitness Spring mortgage loan will begin amortizing on November 1, 2023. Commencing on the ARD and each payment date thereafter, the LA Fitness Spring mortgage loan will accrue interest at an adjusted interest rate, as defined in the LA Fitness Spring mortgage loan documents. In addition, from and after the ARD, all rents from the LA Fitness Spring mortgaged property will be deposited into the deposit account and applied subject to the terms in the mortgage loan documents.
(12) | 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.
Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus.
With respect to Loan Nos. 2 and 27, the lockout period will be at least as long as indicated herein. Defeasance is permitted after the earlier of (i) two years from the closing date of the final REMIC securitization that includes the last note to be securitized and (ii) a specified date that is more than two years after the BBCMS 2019-C5 securitization closing date. The lockout period indicated herein is based on the expected BBCMS 2019-C5 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 2, Presidential City, the mortgage loan is locked out prior to December 8, 2021. A prepayment under the mezzanine loans that is made between December 8, 2021 and prior to June 8, 2029 would result in a pro rata prepayment of the mortgage loan. On or after December 8, 2021, any prepayment of the mezzanine loan will be accompanied by a yield maintenance premium to the mezzanine lenders. Upon any prepayment of the mezzanine loan, a pro rata prepayment or defeasance is required under the mortgage loan. On or after June 8, 2029, a prepayment under the mezzanine loan would result in a pro rata prepayment of the mortgage loan, without the payment of a yield maintenance premium or defeasance payment to the mortgage lender or the mezzanine lenders.
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” 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. 2, Presidential City, the whole loan includes one B-note with an original principal balance of $100.6 million, which is not included in the BBCMS 2019-C5 securitization trust. All loan level metrics are based on the Presidential City whole loan balance excluding the B-note and two mezzanine loans with a combined original principal balance of $72.4 million.
With respect to Loan No. 3, Ceasar’s Bay Shopping Center, future mezzanine debt is permitted provided, among other conditions (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no
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greater than 48.93%, (iii) the combined debt yield is no less than 12.12%, (iv) the combined debt service coverage ratio is no less than 3.96x, (v) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (vi) the borrower obtains rating agency confirmation.
With respect to Loan No. 4, NEMA San Francisco, the NEMA San Francisco whole loan includes three subordinate notes, Note A-B, Note B-1, and Note B-2, which have an aggregate Cut-off Date Balance of $179,000,000 and are not included in the BBCMS 2019-C5 securitization trust. All loan-level metrics are based on the NEMA San Francisco whole loan balance excluding the A-B note and B-notes.
With respect to Loan No. 6, Inland Life Storage Portfolio, the borrower may obtain unsecured financing up to $13,910,000 provided that no event of default has occurred and is continuing.
With respect to Loan No. 7, Uline Arena, mezzanine debt is permitted provided that, among other things, (i) the combined debt service coverage ratio is no less than 1.75x, (ii) the combined debt yield is no less than 7.18%, (iii) the combined loan-to-value ratio is no more than 57.7% and (iv) an intercreditor agreement is required.
With respect to Loan No. 8, 10000 Santa Monica Boulevard, the 10000 Santa Monica Boulevard whole loan includes a subordinate A-B Note, which has a Cut-off Date Balance of $130,000,000 and is not included in the BBCMS 2019-C5 securitization trust. All loan level metrics are based on the 10000 Santa Monica Boulevard whole loan balance excluding the A-B Note.
With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, the Moffett Towers II - Buildings 3 & 4 whole loan includes three pari passu subordinate B-Notes (B-1, B-2 and B-3) which have a combined Cut-off Date Balance of $155.0 million and are not included in the BBCMS 2019-C5 securitization trust. All loan level metrics are based on the Moffett Towers II - Buildings 3 & 4 Whole Loan balance excluding the B-Notes.
With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, mezzanine debt consists of an $85.0 million mezzanine loan. The mezzanine loan has an interest rate of 5.7500%. The Moffett Towers II – Buildings 3 & 4 mezzanine loan is interest-only for the full term of the loan and has a stated maturity date that is coterminous with the stated maturity date of the Moffett Towers II – Buildings 3 & 4 Whole Loan.
With respect to Loan No. 16, Mr. D’s Self Storage Portfolio, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio will not be greater than 59.7%, (ii) the combined debt service coverage ratio based on trailing twelve month period will not be less than 1.85x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (iv) if required, the borrower obtains rating agency confirmation.
With respect to Loan No. 19, Walgreens South Beach, future mezzanine debt is permitted provided, among other conditions, (i) the mezzanine lender must be acceptable to the lender; (ii) the maximum amount of the mezzanine debt will not exceed $5,380,000; (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender; (iv) the combined loan-to-value ratio will not be greater than 80.0%, (v) the combined debt service coverage ratio determined by the lender will not be less than 1.10x, and (iv) if required, the borrower obtains rating agency confirmation.
With respect to Loan No. 21, Storage Etc. - Los Feliz, future mezzanine debt is permitted provided, among other conditions, (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no greater than 18.36%, (iii) the combined debt yield exceeds 29.21%, and (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender.
With respect to Loan No. 23, 145 Spring Street, there is an existing $2.5 million mezzanine loan that was originated contemporaneously with the mortgage loan that is not included in the BBCMS 2019-C5 securitization trust. The 145 Spring Street mortgage loan and mezzanine loan have a combined Cut-off Date Balance of $21.0 million. All total debt metrics are based on the 145 Spring Street mortgage loan balance including the mezzanine loan.
With respect to Loan No. 24, North Heights Plaza, future mezzanine debt is permitted provided, among other things: (i) a combined loan-to-value ratio of not more than 70%, (ii) the combined debt service coverage ratio is not less than 1.60x, and (iii) an intercreditor agreement is required.
With respect to Loan No. 24, North Heights Plaza, the preferred equity partner receives an 8% preferred return on its contributions. Distributions will first reduce any unpaid preferred return for prior years, and then reduce the unpaid preferred return for the current year. Additionally, certain thresholds must be met and following a 15%
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internal rate of return, the split of any remaining cash flow is 80% to the borrower sponsor and 20% to the preferred equity partner.
With respect to Loan No. 27, NMR Pharmacy Portfolio, a mezzanine loan with an original principal balance of $8,500,000 in favor of BSPRT CMBS Finance, LLC, the originator of the mortgage loan, is secured by an equity interest in the borrower. The mezzanine loan has an interest rate of 11.00000%. The NMR Pharmacy Portfolio mezzanine loan is interest-only for the full term of the loan and has a stated maturity date that is coterminous with the NMR Pharmacy Portfolio mortgage loan.
With respect to Loan No. 30, Providence Pavilion, operating cash flow and net proceeds from capital events will be distributed (a) first, to the preferred member and (b) then, to the other subordinated members in accordance with their relative interests.
With respect to Loan No. 35, Paradise Foothills Apartments, future mezzanine debt is permitted provided, among other things: (i) a combined loan-to-value ratio of not more than 55%, (ii) a combined debt service coverage ratio as calculated per the loan documents of not less than 2.99x, (iii) an executed intercreditor agreement, and (iv) rating agency confirmation.
With respect to Loan No. 36, Home2 Suites - Lithia Springs, GA, future mezzanine debt is permitted provided, among other conditions (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no greater than 65.7%, (iii) the combined debt yield is no less than 14.42%, (iv) the combined debt service coverage ratio is no less than 2.43x, (v) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (vi) the borrower obtains rating agency confirmation.
With respect to Loan No. 45, Stor & Go Self Storage, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio will not be greater than 68.1%, (ii) the combined debt service coverage ratio based on trailing twelve month period will not be less than 1.49x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (iv) if required, the borrower obtains rating agency confirmation.
With respect to Loan No. 49, Vanguard Portfolio, the Vanguard Portfolio whole loan includes one subordinate B Note which has a Cut-off Date Balance of $12,982,500 and is not included in the BBCMS 2019-C5 Trust. All loan level metrics are based on the Vanguard Portfolio whole loan balance excluding the B-Note.
With respect to Loan No. 50, Xtra Room Self Storage, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio will not be greater than 65.5%, (ii) the combined debt service coverage ratio based on trailing twelve month period will not be less than 1.57x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (iv) if required, the borrower obtains rating agency confirmation.
(14) | The U/W NOI DSCR (x) and U/W NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the Note Date during the term of the mortgage loan. |
(15) | With respect to Loan No. 3, Ceasar’s Bay Shopping Center, the rent for the Second Largest Tenant, Target, is straight-lined through the term of the whole loan. |
With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, the rent for the Largest Tenant, Facebook, is straight-lined through lease expiration in 2034.
With respect to Loan No. 18, Crocs Distribution Center, the rent for the sole tenant at the mortgaged property, Crocs, Inc., commences six months after the lease commencement date of September 6, 2019.
With respect to Loan No. 22, Bison Portfolio, the rent for the Third Largest Tenant at the Spring Creek mortgaged property, TJ Maxx, is straight-lined through lease expiration in 2029.
(16) | In certain cases, U/W Capital Items ($) is inclusive of certain credits for upfront reserves taken at closing. |
(17) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. |
With respect to Loan No. 1, GNL Office and Industrial Portfolio, historical financials were unavailable from the sellers.
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With respect to Loan No. 2, Presidential City, historical financials are unavailable as the Presidential City mortgaged property was under renovation between 2015 and 2017.
With respect to Loan No. 4, NEMA San Francisco, 2018 Revenues ($), 2018 Total Expenses ($), and 2018 NOI ($) are based on trailing twelve months financials as of November 30, 2018.
With respect to Loan No. 7, Uline Arena, the borrower sponsor redeveloped the mortgaged property in 2016 and 2017. As a result, 2016 and 2017 NOI are not available.
With respect to Loan No. 9, 765 Broad Street, the mortgaged property underwent recent renovation and the seller provided limited operating history for the property.
With respect to Loan No. 10, Rivertop Apartments, historical financials are unavailable because the mortgaged property was built in 2019.
With respect to Loan No. 13, Village at Knapp’s Crossing, historical financials are unavailable because the mortgaged property was built in multiple stages between 2011 and 2019.
With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, historical financials are unavailable because the Moffett Towers II - Buildings 3 & 4 mortgaged property was built in 2019.
With respect to Loan No. 17, One Main Plaza, the 2016 historical financials are unavailable due to the recent acquisition of the fee interest in the mortgaged property in 2018.
With respect to Loan No. 18, Crocs Distribution Center, the mortgaged property has limited operating history due to the recent completion of the improvements and the recent commencement of the Crocs, Inc. lease.
With respect to Loan No. 19, Walgreens South Beach, the mortgage loan represents acquisition financing and the seller provided limited operating history for the property.
With respect to Loan No. 20, SpringHill Suites Newark, the mortgaged property was built in 2018 and the seller provided limited operating history for the property.
With respect to Loan No. 24, North Heights Plaza, historical financials prior to 2018 are unavailable because the mortgaged property was acquired by the borrower in August 2017.
With respect to Loan No. 25, Southchase Village, the mortgage loan represents acquisition financing and the seller provided limited operating history for the property.
With respect to Loan No. 36, Home2 Suites - Lithia Springs, GA, historical financials are unavailable because the Home2 Suites - Lithia Springs, GA mortgaged property was built in 2018.
With respect to Loan No. 42, The Burgundy, the mortgage loan represents acquisition financing and the seller provided limited operating history for the property.
With respect to Loan No. 47, Oak Brook Apartments, the 2016 historical financials are unavailable due to acquisition in January 2017.
With respect to Loan No. 48, LA Fitness Spring, historical financials are unavailable because the LA Fitness Spring mortgaged property was built in 2019.
With respect to Loan No. 49, Vanguard Portfolio, the mortgage loan represents acquisition financing and the seller provided limited operating history for the portfolio.
(18) | With respect to Loan No. 3, Ceasar’s Bay Shopping Center, the mortgaged property is subject to a ground lease that commenced on April 1, 1966 and expires December 31, 2065. The current ground lease rent is $728,190 and is subject to an increase every year equal to $90,000 plus the increase in cost of living, with the next adjustment date on January 1, 2020. The ground lease rent increase is not permitted to be less than $90,000 on any adjustment date. |
With respect to Loan No. 5, Equinix Data Center, the whole loan is secured by the borrower’s fee interest in the land and shell of the buildings. The tenant’s leasehold interest and the improvements are not part of the collateral for the whole loan. The square footage presented represents the non-collateral improvements.
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With respect to Loan No. 17, One Main Plaza, the mortgaged property is subject to a ground lease that commenced on February 10, 1986 and expires February 28, 2055. The leasehold interest is owned by the sponsor and is part of the security for the mortgage loan, and any and all ground lease payments are returned to the sponsor. As a result, the ground lease payment has been underwritten as $0.
With respect to Loan No. 18, Crocs Distribution Center, the mortgage loan is secured by the borrower’s fee/subleasehold interest in the mortgaged property. The mortgaged property is subject to a ground lease between the Dayton-Montgomery County Port Authority, as ground lessee, and the borrower, as ground lessor. The ground lease commenced on January 24, 2019 and expires January 1, 2044. The current ground lease rent is $1 per year, which amount was paid prior to origination.
With respect to Loan No. 18, Crocs Distribution Center, the mortgaged property was ground leased by NP Dayton Building IV, LLC to the Dayton-Montgomery County Port Authority. The Dayton-Montgomery County Port Authority then subleased the mortgaged property back to NP Dayton Building IV, LLC. The ground lease allowed the establishment of a bond financing package to finance the hard costs portion of development. NP Dayton Building IV, LLC entered into a Tax Increment Financing Agreement with the City of Dayton, Ohio that allows the developer to be exempt from sales tax on construction costs.
(19) | 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 mortgage loan documents. |
With respect to Loan No. 2, Presidential City, the borrower reserved (i) $150,000 into a reserve account for the outstanding approved leasing expenses for Eastern University, and (ii) $270,833 into a reserve account for funding of free rent periods, rent abatements or rent reductions.
With respect to Loan No. 9, 765 Broad Street, at origination, the borrower deposited $4,763,371 into a reserve account for the Newark Public School lease commencement applying to the sixth floor space. Upon receipt of the signed lease for the sixth floor space on June 19, 2019, the $4,763,371 reserve was released to the borrower.
With respect to Loan No. 18, Crocs Distribution Center, the borrower reserved (i) $520,372 for a carry reserve and (ii) $1,661,244 for a Crocs project expense reserve. The carry reserve is based on the lender’s estimate of the Crocs free rent period payments. The Crocs project expense reserve will be used to pay for the costs to complete the remaining Crocs, Inc. landlord work and to pay other unpaid amounts remaining under the Crocs, Inc. lease including amounts payable with respect to retainage under any applicable contract. The lender will transfer Crocs project expenses to the Crocs project expense subaccount.
With respect to Loan No. 18, Crocs Distribution Center, if required in connection with any Crocs expansion alterations in accordance with the related mortgage loan documents, the borrower will deposit 125% of the amount reasonably estimated by the lender to be sufficient to pay for the Crocs expansion alterations (taking into consideration the Crocs expansion GMAX contract and including reasonable soft costs), and the lender will cause such amount to be transferred to the Crocs Expansion Reserve subaccount. At any time and from time to time, the lender has the right (but not the obligation) to notify the borrower that, in the lender’s reasonable judgment, the cost of all work and services with respect to the Crocs expansion alterations that remain unpaid at the time in question exceeds the undisbursed funds in the Crocs Expansion Reserve subaccount (the “Crocs Expansion Reserve Shortfall”). Upon notification from the lender, within ten days the borrower will deposit an amount equal to the Crocs Expansion Reserve Shortfall, which will be deposited into the Crocs Expansion Reserve subaccount.
With respect to Loan No. 20, SpringHill Suites Newark, all LTV ratios, DSCRs and Debt Yields are calculated assuming the full loan amount of $20,500,000. A one-time request for holdback disbursement can be granted provided that the following conditions are satisfied: (i) the amount disbursed, which when added to the holdback adjusted principal balance of $18,727,156, results in a debt yield of not less than 10.2%; and (ii) no event of default has occurred or is continuing. If the holdback has not been released by September 1, 2020, the lender may apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full holdback balance is applied to the full loan amount of $20,500,000, Current LTV (%), Maturity/ARD LTV (%), U/W NOI DSCR (x), U/W NCF DSCR (x), Current U/W NOI Debt Yield (%) and Current U/W NCF Debt Yield (%) are 63.9%, 57.7%, 1.76x, 1.59x, 11.3% and 10.2%, respectively.
With respect to Loan No. 22, Bison Portfolio, the borrower reserved (i) $9,865 for a free rent reserve to fund rents for leases that are currently subject to gap rent, free rent periods, rent abatements and/or rent reductions and (ii) $294,190 for an outstanding TI/LC reserve.
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With respect to Loan No. 23, 145 Spring Street, the borrower reserved $117,842 for a violations reserve for violations work and violation clearances as identified in the mortgage loan documents.
With respect to Loan No. 27, NMR Pharmacy Portfolio, the borrower reserved $30,172 in HVAC-related expenses owed by the borrower sponsor to the sole tenant at the Rite Aid – Hermitage, PA mortgaged property.
With respect to Loan No. 33, Aloft Dulles North, the borrower reserved $2,997,900 upfront for a PIP Reserve for the existing property improvement plan.
With respect to Loan No. 52, Brownsville Plaza, the borrower reserved $10,000 for the payment of any reimbursement, credit or other sums owed by borrower, as landlord, to Christopher J. Eberley (doing business as Kinesis Physical Therapy) under its respective lease.
(20) | 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 mortgage 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 triggered in the respective mortgage loan documents. |
With respect to Loan No. 2, Presidential City, on a monthly basis the borrower is required to reserve (i) $12,688 through August 2020, and (ii) $21,146 commencing in September 2020 for capital reserves until the balance on deposit in the capital reserve is equal to or exceeds $761,250.
With respect to Loan No. 8, 10000 Santa Monica Boulevard, the borrower is required to pay to the lender on each loan payment date 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon the expiration thereof in order to accumulate with the lender sufficient funds to pay all such insurance premiums at least 30 days prior to the expiration of the policies. However, provided that (i) no loan event of default is continuing under the 10000 Santa Monica Boulevard whole loan documents and (ii) the borrower has provided the lender with evidence reasonably satisfactory to the lender that any insurance required to be maintained by the borrower under the loan agreement and/or any other loan document is effected under a blanket policy reasonably acceptable to the lender, the borrower will not be required to make deposits for insurance premiums.
With respect to Loan No. 11, Ocean Edge Resort & Golf Club, a Monthly Capex Reserve ($) is required to be maintained in an amount at least equal to 5% of total gross income from operations less golf revenue, membership revenue and audio/visual revenue of the prior month. The calculated Monthly Capex Reserve ($), as of origination is $112,542.
With respect to Loan No. 11, Ocean Edge Resort & Golf Club, the borrowers are required to deposit into a seasonality reserve, on a monthly basis from and including June through and including September, the Seasonality Reserve Monthly Deposit (for the month of June, $500,000, (ii) for the month of July, $2,000,000, (iii) for the month of August, $2,000,000, or such lesser amount as is required to reach the applicable Seasonality Reserve Fully Funded Amount, and (iv) for the month of September, the amount, if any, required to reach $4,084,680). If the amount on deposit in the seasonality reserve on September 30 of any calendar year is less than the applicable Seasonality Reserve Fully Funded Amount for such year, then on or before October 30 of such calendar year, the borrowers are required to deposit sufficient additional funds to cause the seasonality reserve to be equal to the $4,084,680 cap.
With respect to Loan No. 13, Village at Knapp’s Crossing, when the TI/LC reserve falls below the $430,000 cap, the borrower will be required to escrow $7,164 on a monthly basis for tenant improvements and leasing commissions.
With respect to Loan No. 18, Crocs Distribution Center, the borrower is required to escrow 1/12th of the lender’s estimate for annual real estate taxes on a monthly basis, after giving credit for amounts with respect to real estate taxes on deposit in the carry reserve subaccount, into the tax and insurance reserve subaccount.
With respect to Loan No. 18, Crocs Distribution Center, on a monthly basis the borrower is required to deposit into the capital reserve subaccount an amount equal to 1/12th of the product obtained by multiplying $0.03 by the aggregate number of rentable square feet of space in the mortgaged property, including any Crocs expansion space from and after the substantial completion of any Crocs expansion alterations, (after giving credit for amounts with respect to capital expenses on deposit in the carry reserve subaccount).
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With respect to Loan No. 18, Crocs Distribution Center, the borrower is required to escrow 1/12th of the product of (i) $0.17 and (ii) the aggregate number of rentable square feet of space in the mortgaged property, including any Crocs expansion space from and after the substantial completion of any Crocs expansion alterations (after giving credit for amounts with respect to capital approved leasing expenses (as defined in the loan agreement) on deposit in the carry reserve subaccount), on a monthly basis into the rollover reserve subaccount, until the balance on deposit in the rollover reserve subaccount equals or exceeds $1,054,977.
With respect to Loan No. 20, SpringHill Suites Newark, the borrower is required to deposit $3,515 into a seasonal reserve on a monthly basis during the period between February and November, inclusive.
With respect to Loan No. 22, Bison Portfolio, the borrower is required to escrow $6,632 on a monthly basis for the capital expense reserve subaccount until the balance on deposit in the capital expense reserve equals or exceeds the $250,000 reserve cap.
With respect to Loan No. 33, Aloft Dulles North, the mortgage loan documents provide for ongoing monthly reserves for FF&E in an amount equal to (i) 1/12th of 2.0% of annual gross revenues beginning on the payment date in November 2020 up to and including the payment date in October 2021, (ii) 1/12th of 3.0% of annual gross revenues beginning on the payment date in November 2021 and up to and including the payment date in October 2022 and (iii) 1/12th of 4.0% of annual gross revenues on each payment date thereafter. If the gross revenue for the preceding year is greater than the gross revenue for the current year, the calculation will be based off the prior year’s gross revenue.
With respect to Loan No. 33, Aloft Dulles North, the mortgage loan documents provided for an upfront deposit into a seasonality reserve of $50,000. On each monthly payment date in May, June, and July during the term of the mortgage loan, the borrower will be required to deposit an amount equal to $16,700, subject to a cap of $50,000.
With respect to Loan No. 36, Home2 Suites - Lithia Springs, GA, a monthly CapEx Reserve ($) is required in an amount equal to 1/12th of (i) 2.0% of gross income from operations for years 1 and 2, (ii) 3.0% of gross income from operations for year 3, and (iii) 4.0% of gross income from operations for years 4-10.
With respect to Loan No. 38, Westar Place, the borrower is required to (i) escrow $21,041.78 on a monthly basis for rollover reserves prior to the Primary Tenant Lease Renewal Date, or (ii) escrow $7,793.25 on a monthly basis for rollover reserves from and after the Primary Tenant Lease Renewal Date. Primary Tenant Lease Renewal Date” means the date the borrower has delivered to lender (i) a fully executed and effective renewal or extension of the primary tenant lease for a term that expires no earlier than October 31, 2031, at an average base rental rate, over the first five years of such renewal or extended term, that is equal to or greater than $13.60 per square foot per year and (ii) an acceptable tenant estoppel from primary tenant.
With respect to Loan No. 52, Brownsville Plaza, the borrower is required to escrow $424 on a monthly basis for capital expense reserves, which will be increased by two percent (2%) on each anniversary of the note date.
With respect to Loan No. 54, Sandstone Apartments, the borrower is required to escrow $958 on a monthly basis for capital expense reserves, which will be increased 2% on each anniversary of the note date.
(21) | 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. 4, NEMA San Francisco, the borrower is required to escrow $14,890 on a monthly basis for capital expense reserves until the balance on deposit in the capital reserve subaccount equals or exceeds the $250,000 capital reserve cap. Once the capital reserve cap is satisfied, the borrower will not be required to make monthly payments until the account balance is equal to or less than $178,684.
With respect to Loan No. 7, Uline Arena, the borrower is required to escrow $20,698 on a monthly basis into the rollover reserve subaccount, subject to a cap of $496,762. The cap will be suspended if (i) occupancy at the mortgaged property falls below 80%, (ii) the debt service coverage ratio falls below 1.15x, or (iii) a cash trap period occurs.
With respect to Loan No. 8, 10000 Santa Monica Boulevard, once the capital expense cap of $250,000 is reached, to the extent a Monthly Capex Reserve ($) would result in the aggregate amount of capital expense funds in the capital expense account exceeding the $250,000 capital expense cap, such Monthly Capex Reserve ($) will be decreased by an amount equal to such excess and be less than $81,711 in the aggregate and,
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accordingly, to the extent the aggregate amount of capital expense funds in the capital expense account is less than the $81,711 capital expense minimum amount, such Monthly Capex Reserve ($) will be increased by an amount equal to such deficiency.
With respect to Loan No. 12, Loudoun Gateway II and III, the TI/LC initial cap will be suspended upon CACI International Inc.’s S&P credit rating falling to BB- or lower and be reinstated upon achieving a S&P credit rating of BB or higher.
With respect to Loan No. 13, Village at Knapp’s Crossing, when the TI/LC reserve falls below the $430,000 cap, the borrower is required to escrow $7,164 on a monthly basis for tenant improvements and leasing commissions.
With respect to Loan No. 18, Crocs Distribution Center, if at any time prior to satisfaction of the carry reserve release condition, the funds in the carry reserve subaccount are less than the amount then determined by the lender to cover the projected and anticipated Carry Obligations for the Crocs free rent period (such amount, the “Carry Reserve Target Balance”), within five business days of notice of the same the borrower is required to deposit an amount such that the funds on deposit in the carry reserve subaccount will be equal to the Carry Reserve Target Balance. The borrower’s obligations are continuing obligations and the borrower will be required to make such deposit at any time that the lender determines that the amount of funds on deposit in the carry reserve subaccount are less than the Carry Reserve Target Balance.
With respect to Loan No. 25, Southchase Village, when the TI/LC reserve falls below $500,000, the borrower is required to escrow $19,051 on a monthly basis for tenant improvements and leasing commissions.
With respect to Loan No. 29, Delaware Retail Portfolio, the Monthly TI/LC Reserve ($) amount equals $6,583.27 on a monthly basis for TI/LC expense reserves until the balance on deposit in the TI/LC subaccount equals or exceeds the $325,000 TI/LC reserve capped amount. Once the TI/LC reserve cap amount is met or exceeded, no monthly TI/LC deposits are required until the account balance of the TI/LC Reserve is less than $325,000.
With respect to Loan No. 38 Westar Place, from and after the Primary Tenant Lease Renewal Date, if the balance in the rollover reserve is equal to the sum of (i) $200,000, plus (ii) the total amount determined by lender, to be necessary to pay for all primary tenant lease renewal expenses, then the borrower will not be required to make any monthly deposits to the rollover reserve. If, at any time following the cessation of monthly deposits, the balance of the rollover reserve is less than the rollover reserve threshold, then, upon lender’s notice, the borrower will resume making monthly deposits to the rollover reserve with such payments to begin on the first payment date following such notice and continuing until such time as the balance of the rollover reserve again equals to the rollover reserve threshold.
With respect to Loan No. 49, Vanguard Portfolio, the borrower is required to escrow $7,108.23 on a monthly basis for capital expense reserves until the balance on deposit in the capital reserve subaccount equals or exceeds the $255,896 capital reserve cap amount. Once the capital reserve cap amount is met, monthly payments do not begin again until the account balance is equal to or less than $128,000.
(22) | 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. 14, 200 North Warner Road, the Second Largest Tenant, Acriscure, LLC/ Odell Studner, has two separate lease expiration dates for its combined 19,662 square feet of space: (i) the lease for 15,393 square feet will expire on November 30, 2023; and (ii) the lease for 4,269 square feet will expire on November 30, 2026.
With respect to Loan No. 17, One Main Plaza, the Largest Tenant, County of Maui, has three separate lease expiration dates for its combined 37,795 square feet of space: (i) the lease for 2,044 square feet is month-to-month, (ii) the leases for 8,716 square feet will expire on June 30, 2023; and (iii) the leases for 27,035 square feet will expire on June 30, 2027.
With respect to Loan No. 17, One Main Plaza, the Second Largest Tenant, GSA, has four separate lease expiration dates for its combined 15,541 square feet of space: (i) the lease for 2,185 square feet will expire on August 31, 2021; (ii) the lease for 1,865 square feet will expire on April 3, 2022; (iii) the lease for 7,502 square feet will expire on April 30, 2025 and (iv) the lease for 3,989 square feet will expire on December 14, 2026.
(23) | 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. |
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(24) | 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. In addition, 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, Presidential City, the Largest Tenant, Rogers Memorial Hospital (“Rogers”), has a one-time option to termination its lease at any time between October 1, 2023 and March 31, 2024 provided that (i) Rogers is not then in default under its lease, (ii) Rogers provides written notice to the landlord and (iii) Rogers pays a lease termination payment equal to the sum of (a) all amounts due and payable under the lease through the termination date and (b) the unamortized (1) tenant improvement allowance and (2) brokerage commissions paid or payable in connection with the Rogers lease (assuming in each case, a straight line amortization over the initial lease term).
With respect to Loan No. 5, Equinix Data Center, the sole tenant at the mortgaged property, Equinix, Inc., may terminate its lease effective December 31, 2048 without payment of any termination fee by providing written notice to the borrower no later than December 31, 2047.
With respect to Loan No. 7, Uline Arena, the Fifth Largest Tenant, Antunovich Associates, has a one-time right to terminate its lease on October 31, 2024 if the tenant has not exercised its right of first offer to lease the space directly contiguous to the leased premises, provided Antunovich Associates provides the Uline Arena borrower with 12 months’ prior written notice.
With respect to Loan No. 12, Loudoun Gateway II and III, the Largest Tenant, CACI International Inc, has the options to terminate (i) up to 30,000 square feet in Loudoun Gateway II effective September 4, 2023 with 9 months’ notice and (ii) any, or all, of its space in Loudoun Gateway II effective September 4, 2025 with 9 months’ notice.
With respect to Loan No. 14, 200 North Warner Road, the Fourth Largest Tenant, Quadgen Wireless Solutions, has the right to terminate its lease effective October 31, 2023 by providing at least 270 days’ prior written notice to the borrower and paying a fee equal to unamortized transaction costs at an interest rate of 8%.
With respect to Loan No. 17, One Main Plaza, the Largest Tenant, County of Maui, has 17 separate leases at the property. All leases have a termination option if its government funding is completely eliminated such that there remain no funds available to fund the obligations of its lease. Additionally, the Largest Tenant has the right to terminate its leases effective from January 2020 to July 2023 depending on the lease by providing at least 120 days’ prior written notice to the borrower.
With respect to Loan No. 17, One Main Plaza, the Second Largest Tenant, GSA, has a termination option for 7,502 square feet of its space effective April 30, 2020 by providing at least 60 days’ prior written notice to the borrower. Additionally, the Second Largest Tenant has a termination option for 5,854 square feet of its space with 60 days’ written notice.
With respect to Loan No. 17, One Main Plaza, the Fifth Largest Tenant, State Judiciary, has an ongoing termination option to terminate its lease at any time by providing at least 90 days’ prior written notice to the borrower.
With respect to Loan No. 19, Walgreens South Beach, the single tenant, Walgreens, has a lease that expires on March 31, 2069 and seven termination options occurring every five years, with the first option on March 30, 2034. Each termination option requires a 6-month notice.
With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Knoxville, TN mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of December 31, 2026, December 31, 2031, December 31, 2036, December 31, 2041, December 31, 2046, December 31, 2051, December 31, 2056 and December 31, 2061.
With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Cincinnati, OH mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of August 31, 2028, August 31, 2033, August 31, 2038, August 31, 2043, August 31, 2048, August 31, 2053, August 31, 2058, and August 31, 2063.
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With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Akron, OH mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of February 29, 2028, February 28, 2033, February 28, 2038, February 28, 2043 and February 29, 2048.
With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Huntington, IN mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of January 31, 2026, January 31, 2031, January 31, 2036, January 31, 2041, January 31, 2046, January 31, 2051, January 31, 2056, January 31, 2061, January 31, 2066, January 31, 2071 and January 31, 2076.
With respect to Loan No. 29, Delaware Retail Portfolio, the Second Largest Tenant at the Cypress Hall Shopping Center mortgaged property, Dollar Tree, has the right to terminate its lease if its sales do not exceed $1,200,000 ($133 / PSF) from the 49th month through the 60th month of its lease term. The tenant is not required to report its sales unless they wish to terminate.
With respect to Loan No. 30, Providence Pavilion, the Second Largest Tenant, Walgreens has the option to terminate its lease effective August 31, 2030 with 6 months’ notice.
With respect to Loan No. 51, Marval Plaza, the Fifth Largest Tenant, Nail Salon, may terminate its lease upon notice given to the borrower if the tenant is unable to occupy its space after December 14, 2019 because the buildout construction by the borrower has not been completed or a prior tenant is still in occupancy of the space.
(25) | With respect to Loan No. 4, NEMA San Francisco, the SK Business Trust (Sonny Kahn, as trustee), the RF Business Trust (Russell W. Galbut, as trustee) and the Menin 1998 Business Trust (Bruce A. Menin, as trustee, and, together with Sonny Kahn and Russell W. Galbut, the “Individual Trustees”), are collectively, the “guarantor”. Pursuant to the Guaranty of Recourse Obligations dated February 8, 2019 (the “Guaranty”), by Sonny Kahn, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003, Russell W. Galbut, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009 and Bruce A. Menin, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated |
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November 6, 2009, the guarantor agreed to irrevocably, absolutely and unconditionally guaranty to the mortgage loan seller, and its successors and assigns, the full, prompt and complete payment of (i) the borrower’s recourse liabilities under the loan agreement and (ii) from and after the date that any springing recourse event occurs, payment of all amounts due under the loan agreement.
In the event that the trust for whom an Individual Trustee is acting as trustee is (a) voluntarily revoked, terminated or otherwise voluntarily ceases to exist, then such Individual Trustee will have personal liability under the guaranty and will become a guarantor under the Guaranty or (b) involuntarily revoked, terminated or otherwise ceases to exist (involuntarily or by operation of law), then such Individual Trustee will have personal liability under the Guaranty and will become a guarantor under the Guaranty; provided, however, in the event of this clause (b), the liability of such Individual Trustee will not exceed the sum of the assets of the trust estate received by such individual guarantor plus any assets to which such Individual Trustee would have been entitled but for such revocation, termination or cessation of existence. At such time, such Individual Trustee will be required to provide financial statements to the lender that are true and correct in all material respects and fairly present the financial condition of such Individual Trustee as of such date.
With respect to Loan No. 4, NEMA San Francisco, the borrower sponsor is one of a number of companies operating under the trade name “Crescent Heights”, whose senior principals are Sonny Kahn, Russell W. Galbut and Bruce A. Menin. Crescent Heights is a real estate development brand based in Miami, Florida, whose senior principals have over 30 years of industry experience. The borrower is indirectly owned by the guarantors. As of September 30, 2018, the guarantors reported a collective net worth and liquidity of approximately $803.5 million and $94.7 million, respectively.
With respect to Loan No. 8, 10000 Santa Monica Boulevard, Sonny Kahn, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009; Bruce A. Menin, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the Menin 1998 Business Trust (Bruce A. Menin, as trustee, and, together with Sonny Kahn and Russell W. Galbut, the “Individual Trustees”), pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009 (the “Guaranty”), the guarantor agreed to irrevocably and unconditionally guaranty to the loan seller, and its successors and assigns, the payment and performance of (i) the borrower’s recourse liabilities under the loan agreement and (ii) from and after the date that any springing recourse event occurs, payment of all amounts due under the mortgage loan agreement.
In the event that the trust for whom an Individual Trustee is acting as trustee is (a) voluntarily revoked, terminated or otherwise voluntarily ceases to exist, then such Individual Trustee will have personal liability under the guaranty and will become a carve-out guarantor under the Guaranty or (b) involuntarily revoked, terminated or otherwise ceases to exist (involuntarily or by operation of law), then such Individual Trustee will have personal liability under the Guaranty and will become a carve-out guarantor under the Guaranty; provided, however, in such event, the liability of such Individual Trustee may not exceed the sum of the assets of the trust estate received by such individual guarantor plus any assets to which such Individual Trustee would have been entitled but for such revocation, termination or cessation of existence. At such time, such Individual Trustee will be required to provide financial statements to the lender that are true and correct in all material respects and fairly present the financial condition of such Individual Trustee as of such date.
With respect to Loan No. 8, 10000 Santa Monica Boulevard, the borrower sponsor is one of a number of companies operating under the trade name “Crescent Heights”, whose senior principals are Sonny Kahn, Russell W. Galbut and Bruce A. Menin. Crescent Heights is a real estate development brand based in Miami, Florida, whose senior principals have over 30 years of industry experience. The borrower is indirectly owned by the guarantors. As of September 30, 2018, the guarantors reported a collective net worth and liquidity of approximately $803.5 million and $94.7 million, respectively.
With respect to Loan No. 49, Vanguard Portfolio, the Vanguard Portfolio whole loan is structured with a master lease structure to create a Shari’ah compliant structure, so there is no guarantor for the Vanguard Portfolio whole loan. The borrowers and the borrower sponsor are the sole parties liable for any breach or violation of the non-recourse carveouts. The master lessees are owned 100.0% by Great Valley Properties Investor Company LLC, which is owned 100.0% by Great Valley Properties Investor Corp. Great Valley Properties Investor Corp. is owned 2.1% by Great Valley Properties Investment Company Ltd. and 97.9% by Great Valley Properties Property Company Ltd. Great Valley Properties Investment Company Ltd. is owned by twelve investors, none of which holds, directly or indirectly, a 10.0% or more ownership interest in Great Valley Properties Investment Company Ltd. Individuals affiliated with Soor Capital Holding W.L.L. comprise the board of directors of Great Valley Properties Investor Corp.
With respect to Loan No. 49, Vanguard Portfolio, the borrower sponsors are Arch Street Capital Advisors, L.L.C. and Great Valley Properties Investor Company LLC. The Vanguard Portfolio Whole Loan is structured with a master lease structure to create a Shari’ah compliant structure, so there is no guarantor for the Vanguard Portfolio Whole Loan. The borrowers and the borrower sponsor are the sole parties liable for any breach or violation of the non-recourse carveouts. All of the master lessees are owned by Great Valley Properties Investor Company LLC, which is owned by Great Valley Properties Investor Corp. Great Valley Properties Investor Corp. is owned 2.1% by Great Valley Properties Investment Company Ltd. and 97.9% by Great Valley Properties Property Company Ltd. Great Valley Properties Investment Company Ltd. is owned by twelve investors, none of which holds, directly or indirectly, a 10.0% or more ownership interest in Great Valley Properties Investment Company Ltd. Individuals affiliated with Soor Capital Holding W.L.L. comprise the board of directors of Great Valley Properties Investor Corp.
(26) | Each number identifies a group of related borrowers. |
(27) | The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions—Definitions” for further details. |
With respect to Loan No. 2, Presidential City, the mortgage loan is structured with a hard lockbox for the commercial tenants and a soft lockbox for the residential tenants, with in-place cash management. Concurrently with origination, the borrower was required to notify each non-residential tenant of the mortgaged property to remit all amounts due with respect to the mortgaged property directly to the lockbox account. All funds will be deposited (directly by non-residential tenants and by the property manager for residential tenants within two business days of receipt) into the lockbox account and will be transferred on a daily basis to the cash management account under the sole dominion and control of the lender. Any payments received from residential tenants in connection with the early termination or cancellation of residential leases) will be deposited into the Clearing Account within two business days of receipt.
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With respect to Loan No. 4, NEMA San Francisco, the whole loan is structured with a soft lockbox for residential tenants and a hard lockbox for commercial tenants, with in-place cash management. At origination, the borrower established an account (the “Clearing Account”) into which income from the mortgaged property is required to be deposited. At origination, the borrower delivered a tenant direction letter to each existing commercial tenant at the mortgaged property directing them to remit their rent checks directly into the Clearing Account; the borrower is also required to deliver tenant direction letters to each commercial tenant entering into a lease after the origination date. All rents received by the borrower or the manager are required to be deposited into the Clearing Account within 2 business days of receipt. The mortgaged property contains approximately 11,184 square foot rentable ground floor retail with frontage along Market Street and 10th Street. The retail component is currently 26.0% occupied by two tenants and 54.6% leased to three tenants (including one tenant pending a CUP).
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