FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-184376-07 | ||
COMM 2013-LC13 The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-184376) 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 trust and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us. This free writing prospectus does not contain all information that is required to be included in the prospectus and the prospectus supplement. STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION This material is for your information, and none of Deutsche Bank Securities Inc., Natixis Securities Americas LLC, Wells Fargo Securities, LLC, or any other underwriter (the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series COMM 2013-LC13 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof. IRS CIRCULAR 230 NOTICE: THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED IN CONNECTION WITH THE PROMOTION OR MARKETING BY THE DEPOSITOR AND THE UNDERWRITERS OF THE TRANSACTION OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. |
COMM 2013-LC13 | ||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||
% of | Mortgage | Mortgage | General | Detailed | Interest | Original | Remaining | Original | ||||||||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Cut-off Date | Maturity or | Property | Property | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | |||||||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator (1) | Seller (2) | Balance($)(3)(4) | Balance($)(3)(4)(9) | ARD Balance($)(9) | Type | Type | Rate(6) | Strip | Strip | Fee Rate(8) | Basis | Maturity or ARD(7) | Maturity or ARD(7) | Term | |||||||||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | 24 | GACC | GACC | 100,865,909 | 100,770,916 | 84,252,507 | Various | Various | 5.50000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | 1 | GACC | GACC | 34,720,000 | 34,687,301 | Industrial | Warehouse | ||||||||||||||||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | 1 | GACC | GACC | 9,068,752 | 9,060,211 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | 1 | GACC | GACC | 6,250,000 | 6,244,114 | Industrial | Warehouse | ||||||||||||||||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | 1 | GACC | GACC | 5,900,000 | 5,894,444 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | 1 | GACC | GACC | 4,625,000 | 4,620,644 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | 1 | GACC | GACC | 3,066,000 | 3,063,113 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | 1 | GACC | GACC | 2,846,603 | 2,843,922 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | 1 | GACC | GACC | 2,700,000 | 2,697,457 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | 1 | GACC | GACC | 2,669,003 | 2,666,489 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | 1 | GACC | GACC | 2,625,000 | 2,622,528 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | 1 | GACC | GACC | 2,601,016 | 2,598,566 | Office | Suburban | ||||||||||||||||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | 1 | GACC | GACC | 2,460,653 | 2,458,335 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | 1 | GACC | GACC | 2,450,000 | 2,447,693 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | 1 | GACC | GACC | 2,287,500 | 2,285,346 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | 1 | GACC | GACC | 2,200,902 | 2,198,829 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | 1 | GACC | GACC | 2,100,000 | 2,098,022 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | 1 | GACC | GACC | 1,979,079 | 1,977,215 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | 1 | GACC | GACC | 1,750,000 | 1,748,352 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | 1 | GACC | GACC | 1,715,000 | 1,713,385 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | 1 | GACC | GACC | 1,650,000 | 1,648,446 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | 1 | GACC | GACC | 1,606,897 | 1,605,384 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | 1 | GACC | GACC | 1,397,005 | 1,395,689 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | 1 | GACC | GACC | 1,387,500 | 1,386,193 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | 1 | GACC | GACC | 810,000 | 809,237 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | 1 | LCF | LCF | 80,000,000 | 80,000,000 | 60,682,521 | Office | CBD | 5.40600% | 0.0173% | 0.0000% | 0.0173% | Actual/360 | 120 | 120 | 300 | |||||||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | 1 | LCF | LCF | 62,000,000 | 62,000,000 | 58,856,404 | Office | CBD | 4.43100% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 69 | 61 | 360 | |||||||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | 1 | Natixis | Natixis | 52,500,000 | 52,500,000 | 47,458,544 | Office | CBD | 4.99400% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 84 | 77 | 360 | |||||||||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | 1 | GACC | GACC | 52,000,000 | 52,000,000 | 52,000,000 | Retail | Regional Mall | 3.04000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 61 | 61 | 0 | |||||||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | 1 | LCF | LCF | 40,000,000 | 40,000,000 | 37,108,252 | Manufactured Housing Community | Manufactured Housing Community | 5.40200% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | 1 | GACC | GACC | 38,750,000 | 38,750,000 | 34,401,075 | Multifamily | High Rise | 5.14000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | 1 | Natixis | Natixis | 35,200,000 | 35,103,154 | 31,862,486 | Office | CBD | 3.84800% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 58 | 360 | |||||||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | 1 | LCF | LCF | 33,507,000 | 33,475,185 | 27,959,454 | Manufactured Housing Community | Manufactured Housing Community | 5.46700% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | 1 | LCF | LCF | 32,000,000 | 32,000,000 | 28,434,761 | Retail | Anchored | 5.18300% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | 1 | LCF | LCF | 31,800,000 | 31,738,177 | 26,466,212 | Retail | Anchored | 5.38100% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | |||||||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | 1 | Natixis | Natixis | 30,600,000 | 30,569,879 | 25,416,303 | Industrial | Warehouse | 5.32000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | 1 | LCF | LCF | 30,000,000 | 30,000,000 | 30,000,000 | Multifamily | Cooperative | 4.24400% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 0 | |||||||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | 5 | Natixis | Natixis | 29,050,000 | 28,989,326 | 26,825,467 | Various | Various | 5.08300% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 58 | 360 | |||||||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | 1 | Natixis | Natixis | 8,610,000 | 8,592,017 | Office | Suburban | ||||||||||||||||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | 1 | Natixis | Natixis | 7,970,000 | 7,953,354 | Office | Suburban | ||||||||||||||||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | 1 | Natixis | Natixis | 4,780,000 | 4,770,016 | Industrial | Flex | ||||||||||||||||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | 1 | Natixis | Natixis | 4,090,000 | 4,081,458 | Industrial | Flex | ||||||||||||||||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | 1 | Natixis | Natixis | 3,600,000 | 3,592,481 | Industrial | Flex | ||||||||||||||||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | 2 | Natixis | Natixis | 25,500,000 | 25,477,607 | 23,782,190 | Office | Suburban | 4.70400% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 59 | 360 | |||||||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | 1 | Natixis | Natixis | 18,800,000 | 18,783,491 | Office | Suburban | ||||||||||||||||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | 1 | Natixis | Natixis | 6,700,000 | 6,694,116 | Office | Suburban | ||||||||||||||||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | 1 | Natixis | Natixis | 22,500,000 | 22,500,000 | 16,996,917 | Hospitality | Full Service | 5.29000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 300 | |||||||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | 1 | GACC | GACC | 22,500,000 | 22,477,090 | 20,806,382 | Hospitality | Full Service | 5.18000% | 0.0443% | 0.0000% | 0.0443% | Actual/360 | 60 | 59 | 360 | |||||||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | 1 | LCF | LCF | 21,500,000 | 21,500,000 | 18,852,780 | Multifamily | Garden | 5.54000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 121 | 121 | 360 | |||||||||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | 1 | GACC | GACC | 16,800,000 | 16,800,000 | 14,027,239 | Multifamily | Garden | 5.49000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | 1 | LCF | LCF | 16,650,000 | 16,650,000 | 15,250,880 | Multifamily | Student Housing | 4.56000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | 1 | GACC | GACC | 15,650,000 | 15,650,000 | 11,914,492 | Hospitality | Limited Service | 5.51000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 300 | |||||||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | 1 | LCF | LCF | 15,100,000 | 15,100,000 | 13,698,661 | Retail | Single Tenant | 5.18400% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | 1 | GACC | GACC | 14,500,000 | 14,500,000 | 12,424,637 | Retail | Anchored | 5.53000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | 2 | Natixis | Natixis | 14,500,000 | 14,238,133 | 10,853,996 | Hospitality | Limited Service | 5.03500% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 109 | 300 | |||||||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | 1 | Natixis | Natixis | 7,500,000 | 7,364,552 | Hospitality | Limited Service | ||||||||||||||||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | 1 | Natixis | Natixis | 7,000,000 | 6,873,582 | Hospitality | Limited Service | ||||||||||||||||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | 2 | Natixis | Natixis | 14,000,000 | 14,000,000 | 12,503,303 | Hospitality | Various | 5.23000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 60 | 300 | |||||||||||||||||||
Property | 25.01 | Doubletree | 0.8% | 1 | Natixis | Natixis | 9,000,000 | 9,000,000 | Hospitality | Full Service | ||||||||||||||||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | 1 | Natixis | Natixis | 5,000,000 | 5,000,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | 1 | LCF | LCF | 13,300,000 | 13,203,500 | 5,656,465 | Industrial | Warehouse | 4.94800% | 0.0593% | 0.0000% | 0.0593% | Actual/360 | 120 | 118 | 180 | |||||||||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | 1 | GACC | GACC | 13,100,000 | 13,100,000 | 11,360,964 | Office | CBD | 5.53000% | 0.0643% | 0.0000% | 0.0643% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | 2 | Natixis | Natixis | 12,000,000 | 11,982,760 | 9,095,001 | Hospitality | Various | 5.38000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 300 | |||||||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | 1 | Natixis | Natixis | 6,600,000 | 6,590,518 | Hospitality | Extended Stay | ||||||||||||||||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | 1 | Natixis | Natixis | 5,400,000 | 5,392,242 | Hospitality | Limited Service | ||||||||||||||||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | 1 | Natixis | Natixis | 11,750,000 | 11,737,803 | 9,690,827 | Multifamily | Garden | 5.09900% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | 1 | LCF | LCF | 4,325,000 | 4,325,000 | 3,628,000 | Office | Suburban | 5.64100% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | 1 | LCF | LCF | 3,400,000 | 3,400,000 | 2,852,069 | Office | Suburban | 5.64100% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | 1 | LCF | LCF | 3,400,000 | 3,400,000 | 2,852,069 | Office | Suburban | 5.64100% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | 1 | LCF | LCF | 11,000,000 | 11,000,000 | 9,571,748 | Retail | Unanchored | 5.22300% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | 6 | LCF | LCF | 10,650,000 | 10,639,760 | 8,872,614 | Various | Various | 5.41600% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | 1 | LCF | LCF | 2,269,000 | 2,266,818 | Mixed Use | Retail/Multifamily | ||||||||||||||||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | 1 | LCF | LCF | 2,153,250 | 2,151,180 | Retail | Unanchored | ||||||||||||||||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | 1 | LCF | LCF | 2,138,750 | 2,136,694 | Mixed Use | Retail/Multifamily | ||||||||||||||||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | 1 | LCF | LCF | 1,624,000 | 1,622,438 | Mixed Use | Retail/Multifamily | ||||||||||||||||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | 1 | LCF | LCF | 1,428,250 | 1,426,877 | Retail | Unanchored | ||||||||||||||||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | 1 | LCF | LCF | 1,036,750 | 1,035,753 | Mixed Use | Retail/Multifamily | ||||||||||||||||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | 1 | GACC | GACC | 10,598,865 | 10,588,356 | 8,795,042 | Multifamily | Garden | 5.29000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | 1 | LCF | LCF | 10,400,000 | 10,400,000 | 9,301,884 | Multifamily | Garden | 5.49500% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | 1 | LCF | LCF | 9,800,000 | 9,783,524 | 8,300,612 | Hospitality | Limited Service | 5.95600% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | |||||||||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | 2 | GACC | GACC | 9,450,000 | 9,450,000 | 7,105,565 | Multifamily | Garden | 5.16000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 300 | |||||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | 1 | GACC | GACC | 7,275,000 | 7,275,000 | Multifamily | Garden | ||||||||||||||||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | 1 | GACC | GACC | 2,175,000 | 2,175,000 | Multifamily | Garden | ||||||||||||||||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | 1 | Natixis | Natixis | 9,225,000 | 9,164,879 | 7,406,485 | Mixed Use | Multifamily/Retail/Office | 4.30000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 115 | 360 | |||||||||||||||||||
Loan | 40 | El Sol Real | 0.8% | 1 | GACC | GACC | 9,099,000 | 9,090,173 | 7,571,911 | Multifamily | Garden | 5.38000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | 1 | GACC | GACC | 7,500,000 | 7,500,000 | 6,171,303 | Retail | Anchored | 5.03000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | 1 | LCF | LCF | 7,500,000 | 7,489,759 | 6,744,209 | Mixed Use | Office/Warehouse | 5.65000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 59 | 300 | |||||||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | 2 | Natixis | Natixis | 7,330,000 | 7,330,000 | 6,062,639 | Retail | Single Tenant | 5.19000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | 1 | Natixis | Natixis | 3,985,000 | 3,985,000 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | 1 | Natixis | Natixis | 3,345,000 | 3,345,000 | Retail | Single Tenant | ||||||||||||||||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | 3 | Natixis | Natixis | 7,300,000 | 7,292,866 | 6,069,108 | Self Storage | Self Storage | 5.35000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | 1 | Natixis | Natixis | 3,050,000 | 3,047,020 | Self Storage | Self Storage | ||||||||||||||||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | 1 | Natixis | Natixis | 2,400,000 | 2,397,655 | Self Storage | Self Storage | ||||||||||||||||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | 1 | Natixis | Natixis | 1,850,000 | 1,848,192 | Self Storage | Self Storage | ||||||||||||||||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | 1 | GACC | GACC | 6,700,000 | 6,693,876 | 5,617,197 | Multifamily | Garden | 5.62000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | |||||||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | 1 | LCF | LCF | 6,600,000 | 6,600,000 | 5,520,424 | Retail | Anchored | 5.54700% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | 1 | LCF | LCF | 6,500,000 | 6,491,521 | 5,014,083 | Multifamily | Garden | 5.88800% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 300 | |||||||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | 1 | LCF | LCF | 5,500,000 | 5,485,709 | 4,248,123 | Hospitality | Limited Service | 5.92200% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 300 | |||||||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | 1 | LCF | LCF | 5,175,000 | 5,164,436 | 4,279,457 | Manufactured Housing Community | Manufactured Housing Community | 5.17900% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | |||||||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | 1 | Natixis | Natixis | 4,800,000 | 4,789,946 | 3,955,541 | Retail | Anchored | 5.07100% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | |||||||||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | 1 | Natixis | Natixis | 4,050,000 | 4,032,187 | 2,586,426 | Hospitality | Limited Service | 5.32800% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 240 | |||||||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | 1 | LCF | LCF | 4,000,000 | 3,987,494 | 2,983,200 | Self Storage | Self Storage | 4.93000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 300 | |||||||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | 1 | LCF | LCF | 4,000,000 | 3,986,920 | 1,783,542 | Hospitality | Limited Service | 6.00600% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 180 | |||||||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | 1 | LCF | LCF | 3,600,000 | 3,600,000 | 3,030,580 | Retail | Single Tenant | 5.75800% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | 1 | LCF | LCF | 3,600,000 | 3,588,286 | 1,608,735 | Hospitality | Limited Service | 6.05600% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 180 | |||||||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | 1 | Natixis | Natixis | 3,410,000 | 3,410,000 | 2,824,914 | Retail | Single Tenant | 5.24000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | |||||||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | 1 | Natixis | Natixis | 2,300,000 | 2,295,493 | 1,912,295 | Retail | Shadow Anchored | 5.34900% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 |
A-1-1
COMM 2013-LC13 | ||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||
% of | Remaining | First | Annual | Monthly | Remaining | Crossed | ||||||||||||||||||||||||||||||||
Property | Initial Pool | Amortization | Payment | Maturity | ARD Loan | Final | Debt | Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | ||||||||||||||||||||||
Flag | ID | Property Name | Balance | Term | Date(7) | or ARD Date(6) | (Yes/No)(6) | Maturity Date(6) | Service($)(9) | Service($)(9) | Period(7) | Lockbox(10) | Management(11) | Other Loans | Borrower | NOI DSCR(9)(12)(15) | NCF DSCR(9)(12)(15) | Period(13) | Date | |||||||||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | 359 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 6,872,466 | 572,706 | Hard | Springing | No | 1.58x | 1.46x | 0 | 6 | |||||||||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | |||||||||||||||||||||||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | |||||||||||||||||||||||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | |||||||||||||||||||||||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | |||||||||||||||||||||||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | |||||||||||||||||||||||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | |||||||||||||||||||||||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | |||||||||||||||||||||||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | |||||||||||||||||||||||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | |||||||||||||||||||||||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | |||||||||||||||||||||||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | |||||||||||||||||||||||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | |||||||||||||||||||||||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | 300 | 10/01/2013 | 09/01/2023 | No | 09/01/2023 | 5,841,471 | 486,789 | Hard | In Place | No | 1.51x | 1.42x | 5 | 1 | |||||||||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | 360 | 02/06/2013 | 10/06/2018 | No | 10/06/2018 | 3,739,298 | 311,608 | 24 | Hard | In Place | No | 1.89x | 1.82x | 0 | 6 | ||||||||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | 360 | 03/06/2013 | 02/06/2020 | No | 02/06/2020 | 3,379,666 | 281,639 | 5 | Hard | Springing | No | 1.47x | 1.37x | 0 | 6 | ||||||||||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | 0 | 10/01/2013 | 10/01/2018 | No | 10/01/2018 | 1,602,756 | 133,563 | 61 | Hard | Springing | No | 5.58x | 5.34x | 0 | 1 | ||||||||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 2,695,947 | 224,662 | 60 | Soft | In Place | No | 1.27x | 1.25x | 0 | 6 | ||||||||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 2,536,158 | 211,346 | 36 | Soft | Springing | No | 1.48x | 1.36x | 0 | 6 | ||||||||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | 358 | 08/05/2013 | 07/05/2018 | No | 07/05/2018 | 1,979,764 | 164,980 | Hard | Springing | No | 2.55x | 2.16x | 0 | 5 | |||||||||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | 359 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 2,274,671 | 189,556 | Soft | Springing | No | Yes - A | 1.26x | 1.25x | 0 | 6 | ||||||||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 2,104,555 | 175,380 | 36 | Soft Springing Hard | Springing | No | 1.42x | 1.38x | 0 | 6 | ||||||||||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | 358 | 08/06/2013 | 07/06/2023 | No | 07/06/2023 | 2,138,278 | 178,190 | Hard | In Place | No | 1.56x | 1.48x | 0 | 6 | |||||||||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | 359 | 09/05/2013 | 08/05/2023 | Yes | 08/05/2043 | 2,043,642 | 170,303 | Hard | Springing | No | 1.55x | 1.37x | 0 | 5 | |||||||||||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | 0 | 10/01/2013 | 09/01/2023 | No | 09/01/2023 | 1,290,883 | 107,574 | 120 | NAP | NAP | No | 6.63x | 6.60x | 5 | 1 | ||||||||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | 358 | 08/05/2013 | 07/05/2018 | No | 07/05/2018 | 1,889,083 | 157,424 | Hard | Springing | No | 1.74x | 1.45x | 0 | 5 | |||||||||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | |||||||||||||||||||||||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | |||||||||||||||||||||||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | |||||||||||||||||||||||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | |||||||||||||||||||||||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | |||||||||||||||||||||||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | 359 | 09/05/2013 | 08/05/2018 | No | 08/05/2018 | 1,515,323 | 126,277 | Hard | In Place | No | 1.69x | 1.57x | 0 | 5 | |||||||||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | |||||||||||||||||||||||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | |||||||||||||||||||||||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | 300 | 10/05/2013 | 09/05/2023 | No | 09/05/2023 | 1,624,347 | 135,362 | Hard | Springing | No | 2.88x | 2.55x | 0 | 5 | |||||||||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | 359 | 09/06/2013 | 08/06/2018 | No | 08/06/2018 | 1,479,265 | 123,272 | Soft | Springing | No | 2.79x | 2.27x | 0 | 6 | |||||||||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | 360 | 10/06/2013 | 10/06/2023 | No | 10/06/2023 | 1,471,377 | 122,615 | 25 | Soft | In Place | No | 1.37x | 1.31x | 0 | 6 | ||||||||||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 1,143,398 | 95,283 | Soft | Springing | No | 1.70x | 1.59x | 0 | 6 | |||||||||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | 360 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 1,019,493 | 84,958 | 59 | Soft | Springing | No | 1.51x | 1.47x | 0 | 6 | ||||||||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | 300 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 1,154,378 | 96,198 | Hard | Springing | No | 1.78x | 1.62x | 0 | 6 | |||||||||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | 360 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 993,199 | 82,767 | 47 | Hard | In Place | No | 1.33x | 1.32x | 0 | 6 | ||||||||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 991,230 | 82,603 | 12 | Hard | Springing | No | 1.57x | 1.46x | 0 | 6 | ||||||||||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | 289 | 11/05/2012 | 10/05/2022 | No | 10/05/2022 | 1,020,738 | 85,062 | Hard | Springing | No | 2.22x | 2.04x | 0 | 5 | |||||||||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | |||||||||||||||||||||||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | |||||||||||||||||||||||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | 300 | 10/05/2013 | 09/05/2018 | No | 09/05/2018 | 1,004,755 | 83,730 | Hard | Springing | No | 1.95x | 1.58x | 0 | 5 | |||||||||||||||||||||
Property | 25.01 | Doubletree | 0.8% | |||||||||||||||||||||||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | |||||||||||||||||||||||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | 178 | 08/06/2013 | 07/06/2023 | No | 07/06/2023 | 1,257,788 | 104,816 | Hard | Springing | No | 1.76x | 1.46x | 0 | 6 | |||||||||||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 895,525 | 74,627 | 18 | Hard | In Place | No | 1.70x | 1.31x | 0 | 6 | ||||||||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | 299 | 09/05/2013 | 08/05/2023 | No | 08/05/2023 | 873,996 | 72,833 | Hard | Springing | No | 1.84x | 1.65x | 0 | 5 | |||||||||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | |||||||||||||||||||||||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | |||||||||||||||||||||||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | 359 | 09/05/2013 | 08/05/2023 | No | 08/05/2023 | 765,473 | 63,789 | Soft | Springing | No | 1.56x | 1.49x | 0 | 5 | |||||||||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 299,290 | 24,941 | Springing Hard | Springing | Yes - A | Yes - B | 1.66x | 1.43x | 0 | 6 | ||||||||||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 235,280 | 19,607 | Springing Hard | Springing | Yes - A | Yes - B | 1.66x | 1.43x | 0 | 6 | ||||||||||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 235,280 | 19,607 | Springing Hard | Springing | Yes - A | Yes - B | 1.66x | 1.43x | 0 | 6 | ||||||||||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | 360 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 726,703 | 60,559 | 23 | Hard | Springing | No | 1.54x | 1.45x | 0 | 6 | ||||||||||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | 359 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 718,913 | 59,909 | Springing Hard (Retail), Springing Soft (Multifamily) | Springing | No | 1.28x | 1.23x | 0 | 6 | |||||||||||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | |||||||||||||||||||||||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | |||||||||||||||||||||||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | 359 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 705,482 | 58,790 | Soft | Springing | No | Yes - C | 1.41x | 1.32x | 0 | 6 | ||||||||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 708,209 | 59,017 | 36 | Soft | Springing | No | 1.39x | 1.30x | 0 | 6 | ||||||||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | 358 | 08/06/2013 | 07/06/2023 | No | 07/06/2023 | 701,748 | 58,479 | Springing Hard | Springing | No | 1.81x | 1.56x | 0 | 6 | |||||||||||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | 300 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 673,539 | 56,128 | Soft | Springing | No | 1.46x | 1.34x | 0 | 6 | |||||||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | |||||||||||||||||||||||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | |||||||||||||||||||||||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | 355 | 05/05/2013 | 04/05/2023 | No | 04/05/2023 | 547,823 | 45,652 | Hard | Springing | No | 1.56x | 1.48x | 0 | 5 | |||||||||||||||||||||
Loan | 40 | El Sol Real | 0.8% | 359 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 611,762 | 50,980 | Soft | Springing | No | Yes - C | 1.42x | 1.30x | 0 | 6 | ||||||||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 484,791 | 40,399 | Springing Hard | Springing | No | 1.97x | 1.73x | 0 | 6 | |||||||||||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | 299 | 09/06/2013 | 08/06/2018 | No | 08/06/2018 | 560,770 | 46,731 | Hard | In Place | No | 1.46x | 1.38x | 0 | 6 | |||||||||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | 360 | 10/05/2013 | 09/05/2023 | No | 09/05/2023 | 482,455 | 40,205 | Hard | Springing | No | Yes - D | 1.61x | 1.52x | 0 | 5 | ||||||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | |||||||||||||||||||||||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | |||||||||||||||||||||||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | 359 | 09/05/2013 | 08/05/2023 | No | 08/05/2023 | 489,170 | 40,764 | Springing Soft | Springing | No | 1.59x | 1.53x | 0 | 5 | |||||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | |||||||||||||||||||||||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | |||||||||||||||||||||||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | |||||||||||||||||||||||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | 359 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 462,574 | 38,548 | Soft | Springing | No | 1.84x | 1.72x | 0 | 6 | |||||||||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 452,027 | 37,669 | Hard | Springing | No | 1.52x | 1.45x | 0 | 6 | |||||||||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | 299 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 497,229 | 41,436 | Springing Soft | Springing | No | 1.51x | 1.35x | 0 | 6 | |||||||||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | 298 | 08/06/2013 | 07/06/2023 | No | 07/06/2023 | 422,098 | 35,175 | Hard | Springing | No | 1.60x | 1.44x | 0 | 6 | |||||||||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | 358 | 08/06/2013 | 07/06/2023 | No | 07/06/2023 | 340,193 | 28,349 | Soft | Springing | No | Yes - A | 1.37x | 1.33x | 0 | 6 | ||||||||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | 358 | 08/05/2013 | 07/05/2023 | No | 07/05/2023 | 311,713 | 25,976 | Hard | Springing | No | 2.69x | 2.23x | 0 | 5 | |||||||||||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | 238 | 08/05/2013 | 07/05/2023 | No | 07/05/2023 | 329,610 | 27,467 | Hard | Springing | No | 1.75x | 1.54x | 0 | 5 | |||||||||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | 298 | 08/06/2013 | 07/06/2023 | No | 07/06/2023 | 278,649 | 23,221 | Springing Soft | Springing | No | 1.74x | 1.72x | 0 | 6 | |||||||||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | 179 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 405,207 | 33,767 | Hard | Springing | No | Yes - E | 2.07x | 1.74x | 0 | 6 | ||||||||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | 360 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 252,323 | 21,027 | Hard | Springing | No | 1.44x | 1.43x | 0 | 6 | |||||||||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | 179 | 09/06/2013 | 08/06/2023 | No | 08/06/2023 | 365,854 | 30,488 | Hard | Springing | No | Yes - E | 1.77x | 1.55x | 0 | 6 | ||||||||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | 360 | 10/05/2013 | 09/05/2023 | No | 09/05/2023 | 225,708 | 18,809 | Hard | Springing | No | Yes - D | 1.33x | 1.33x | 0 | 5 | ||||||||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | 358 | 08/05/2013 | 07/05/2023 | No | 07/05/2023 | 154,105 | 12,842 | Hard | Springing | No | 2.03x | 1.91x | 0 | 5 |
A-1-2
COMM 2013-LC13 | ||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||
Net | Loan per Net | |||||||||||||||||||||||||||||||||||||
% of | FIRREA | Cut-off | Rentable Area | Units | Rentable Area | |||||||||||||||||||||||||||||||||
Property | Initial Pool | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at Maturity | Year | Year | (SF/Units/Rooms/ | of | (SF/Units/Rooms | Prepayment Provisions | ||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Value ($)(14) | As-of Date | (Yes/No) | Ratio(9)(12)(14) | or ARD(9)(12)(14) | Address | City | County | State | Zip Code | Built | Renovated | Pads/Beds)(5) | Measure | Pads/Beds) ($)(12) | (# of payments)(7)(16) | |||||||||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | 169,260,000 | Various | Yes | 59.5% | 49.8% | Various | Various | Various | Various | Various | Various | Various | 1,435,439 | Sq. Ft. | 70 | L(25), YM1(88), O(7) | |||||||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | 49,600,000 | 04/01/2013 | Yes | 620 Fairground Road | Front Royal | Warren | VA | 22630 | 1999 | NAP | 778,880 | Sq. Ft. | 45 | ||||||||||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | 15,100,000 | 04/01/2013 | Yes | 105 Long Drive | Woodstock | Cherokee | GA | 30189 | 2001 | NAP | 115,396 | Sq. Ft. | 79 | ||||||||||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | 10,400,000 | 05/28/2013 | Yes | 3378 3 Mile Road Northwest | Walker | Kent | MI | 49534 | 2001 | 2007-2012 | 104,864 | Sq. Ft. | 60 | ||||||||||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | 11,800,000 | 04/01/2013 | Yes | 5233 Northwest 84th Street | Johnston | Polk | IA | 50131 | 1997 | NAP | 62,276 | Sq. Ft. | 95 | ||||||||||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | 9,250,000 | 04/01/2013 | Yes | 540 North State Road 135 | Greenwood | Johnson | IN | 46142 | 2007 | NAP | 45,000 | Sq. Ft. | 103 | ||||||||||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | 4,380,000 | 05/25/2013 | Yes | 1801 FM 1765 Road | LaMarque | Galveston | TX | 77568 | 2000 | NAP | 15,120 | Sq. Ft. | 203 | ||||||||||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | 5,650,000 | 04/01/2013 | Yes | 5400 Hornaday Road | Greensboro | Guilford | NC | 27407 | 2007 | NAP | 30,167 | Sq. Ft. | 94 | ||||||||||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | 5,400,000 | 04/01/2013 | Yes | 105 Highway 51 North | Batesville | Panola | MS | 38606 | 2007 | NAP | 14,250 | Sq. Ft. | 189 | ||||||||||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | 4,450,000 | 04/01/2013 | Yes | 3633 Veterans Boulevard | Metairie | Jefferson Parish | LA | 70002 | 1965 | NAP | 7,165 | Sq. Ft. | 372 | ||||||||||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | 5,250,000 | 04/01/2013 | Yes | 1421 Carl D Silver Parkway | Fredericksburg | Fredericksburg | VA | 22401 | 1997 | NAP | 26,060 | Sq. Ft. | 101 | ||||||||||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | 5,200,000 | 04/01/2013 | Yes | 720 South Rio Vista Drive | Yuma | Yuma | AZ | 85365 | 2008 | NAP | 28,800 | Sq. Ft. | 90 | ||||||||||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | 4,100,000 | 04/01/2013 | Yes | 1204 1st Avenue East | Newton | Jasper | IA | 50208 | 2000 | NAP | 15,047 | Sq. Ft. | 163 | ||||||||||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | 3,500,000 | 04/01/2013 | Yes | 734 East Pleasant Run Road | DeSoto | Dallas | TX | 75115 | 1997 | NAP | 13,905 | Sq. Ft. | 176 | ||||||||||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | 4,575,000 | 04/01/2013 | Yes | 2130 Gunbarrel Road | Chattanooga | Hamilton | TN | 37421 | 1996 | 2000 | 26,040 | Sq. Ft. | 88 | ||||||||||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | 3,500,000 | 04/01/2013 | Yes | 2003 Priest Drive | LaGrange | Oldham | KY | 40031 | 2008 | NAP | 19,097 | Sq. Ft. | 115 | ||||||||||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | 4,200,000 | 04/01/2013 | Yes | 2429 Martin Luther King Jr. Drive Southwest | Atlanta | Fulton | GA | 30311 | 2006 | NAP | 12,900 | Sq. Ft. | 163 | ||||||||||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | 3,300,000 | 04/01/2013 | Yes | 5083 Pinnacle Square | Trussville | Jefferson | AL | 35235 | 2007 | NAP | 7,236 | Sq. Ft. | 273 | ||||||||||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | 3,500,000 | 04/01/2013 | Yes | 534 Woodlawn Road | Lincoln | Logan | IL | 62656 | 2008 | NAP | 13,225 | Sq. Ft. | 132 | ||||||||||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | 2,450,000 | 04/01/2013 | Yes | 3184 State Route 11 | Malone | Franklin | NY | 12953 | 2010 | NAP | 19,097 | Sq. Ft. | 90 | ||||||||||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | 3,300,000 | 04/01/2013 | Yes | 3523 Clemson Boulevard | Anderson | Anderson | SC | 29621 | 2006 | NAP | 23,800 | Sq. Ft. | 69 | ||||||||||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | 3,210,000 | 04/01/2013 | Yes | 1425 East Buckingham Road | Richardson | Dallas | TX | 75081 | 1996 | NAP | 10,560 | Sq. Ft. | 152 | ||||||||||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | 2,750,000 | 04/01/2013 | Yes | 184 North Main Street | Alpharetta | Fulton | GA | 30009 | 1998 | NAP | 10,125 | Sq. Ft. | 138 | ||||||||||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | 2,775,000 | 04/01/2013 | Yes | 104 West 9th Street | Muleshoe | Bailey | TX | 79347 | 1999 | NAP | 25,692 | Sq. Ft. | 54 | ||||||||||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | 1,620,000 | 06/03/2013 | Yes | 736 Fifth Street | Portsmouth | Scioto | OH | 45662 | 1997 | NAP | 10,737 | Sq. Ft. | 75 | ||||||||||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | 273,000,000 | 07/19/2013 | Yes | 62.3% | 47.2% | 15 MetroTech Center | Brooklyn | Kings | NY | 11201 | 2003 | NAP | 649,492 | Sq. Ft. | 262 | YM1(24), D or YM1(92), O(4) | |||||||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | 93,000,000 | 12/07/2012 | Yes | 66.7% | 63.3% | 33-00 Northern Boulevard | Long Island City | Queens | NY | 11101 | 1915 | 2012 | 442,626 | Sq. Ft. | 140 | L(32), YM1(33), O(4) | |||||||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | 100,000,000 | 08/01/2013 | Yes | 52.5% | 47.5% | 115 East 57th Street | New York | New York | NY | 10022 | 1975 | NAP | 180,881 | Sq. Ft. | 290 | L(31), D(49), O(4) | |||||||||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | 166,000,000 | 07/25/2013 | Yes | 31.3% | 31.3% | 1701 South Lindbergh Boulevard | Saint Louis | Saint Louis | MO | 63131 | 1974 | 1994 | 353,370 | Sq. Ft. | 147 | L(24), D(33), O(4) | |||||||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | 63,110,000 | 05/13/2013 | Yes | 63.4% | 58.8% | 5100 Coe Avenue | Seaside | Monterey | CA | 93955 | 1985 | 2007 | 223 | Pads | 179,372 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | 56,000,000 | 07/03/2013 | Yes | 69.2% | 61.4% | 26151 Lake Shore Boulevard | Euclid | Cuyahoga | OH | 44132 | 1970 | 2003-2013 | 949 | Units | 40,832 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | 50,400,000 | 02/19/2013 | Yes | 69.6% | 63.2% | 720 East Park Boulevard | Boise | Ada | ID | 83712 | 1970-1982 | 2005 | 557,096 | Sq. Ft. | 63 | L(26), D(30), O(4) | |||||||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | 47,280,000 | 05/14/2013 | Yes | 70.8% | 59.1% | 525 North McHenry Road | Wheeling | Cook | IL | 60090 | 1976 | NAP | 407 | Pads | 82,249 | L(25), D(92), O(3) | |||||||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | 48,000,000 | 06/20/2013 | Yes | 66.7% | 59.2% | 22205-22342 El Paseo | Rancho Santa Margarita | Orange | CA | 92688 | 2002 | NAP | 106,777 | Sq. Ft. | 300 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | 45,000,000 | 02/13/2013 | Yes | 70.5% | 58.8% | 2281 North Germantown Parkway | Cordova | Shelby | TN | 38016 | 2007 | NAP | 233,981 | Sq. Ft. | 136 | L(26), YM1(90), O(4) | |||||||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | 46,300,000 | 02/01/2014 | Yes | 66.0% | 54.9% | 1536 Genesis Road | Crossville | Cumberland | TN | 38555 | 1997, 2003, 2007 | 2013 | 881,575 | Sq. Ft. | 35 | L(25), D(92), O(3) | |||||||||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | 205,000,000 | 07/02/2013 | Yes | 14.6% | 14.6% | 465 Park Avenue | New York | New York | NY | 10022 | 1926 | 2012 | 110 | Units | 272,727 | L(35), YM(81), O(4) | |||||||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | 39,800,000 | Various | Yes | 72.8% | 67.4% | Various | Various | Various | Various | Various | Various | NAP | 649,586 | Sq. Ft. | 45 | L(26), D(31), O(3) | |||||||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | 13,000,000 | 04/29/2013 | Yes | 2625 Butterfield Road | Oak Brook | DuPage | IL | 60523 | 1973 | NAP | 200,774 | Sq. Ft. | 43 | ||||||||||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | 10,800,000 | 05/09/2013 | Yes | 6903-7129 University Boulevard | Winter Park | Orange | FL | 32792 | 1982-1987 | NAP | 127,793 | Sq. Ft. | 62 | ||||||||||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | 5,400,000 | 04/29/2013 | Yes | 625-701 Executive Drive | Willowbrook | DuPage | IL | 60527 | 1977 | NAP | 84,330 | Sq. Ft. | 57 | ||||||||||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | 6,100,000 | 04/29/2013 | Yes | 747 North Church Road | Elmhurst | DuPage | IL | 60126 | 1982 | NAP | 140,796 | Sq. Ft. | 29 | ||||||||||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | 4,500,000 | 04/29/2013 | Yes | 1050-1138 Tower Lane | Bensenville | DuPage | IL | 60106 | 1979 | NAP | 95,893 | Sq. Ft. | 37 | ||||||||||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | 44,300,000 | 04/22/2013 | Yes | 57.5% | 53.7% | Various | Various | Various | CA | Various | Various | NAP | 139,111 | Sq. Ft. | 183 | L(25), D(32), O(3) | |||||||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | 31,200,000 | 04/22/2013 | Yes | 12900-12980 Saratoga Avenue | Saratoga | Santa Clara | CA | 95070 | 1985 | NAP | 90,366 | Sq. Ft. | 208 | ||||||||||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | 13,100,000 | 04/22/2013 | Yes | 200-250 Twin Dolphin Drive | Redwood City | San Mateo | CA | 94065 | 1984 | NAP | 48,745 | Sq. Ft. | 137 | ||||||||||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | 37,500,000 | 06/30/2013 | Yes | 60.0% | 45.3% | 117 West Wall Street | Midland | Midland | TX | 79701 | 1973 | 2012-2013 | 261 | Rooms | 86,207 | L(24), D(93), O(3) | |||||||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | 50,000,000 | 06/01/2013 | Yes | 45.0% | 41.6% | 300 Charles Street | Baltimore | Baltimore | MD | 21201 | 1985 | 2013 | 337 | Rooms | 66,698 | L(10), YM1(46), O(4) | |||||||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | 31,500,000 | 08/02/2013 | Yes | 68.3% | 59.9% | 5307 Reflections Club Drive | Tampa | Hillsborough | FL | 33634 | 1986 | 2010 | 348 | Units | 61,782 | L(24), D(94), O(3) | |||||||||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | 22,400,000 | 07/05/2013 | Yes | 75.0% | 62.6% | 12300 Fleming Drive | Houston | Harris | TX | 77013 | 1973 | 2011 | 455 | Units | 36,923 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | 24,000,000 | 05/15/2013 | Yes | 69.4% | 63.5% | 314 Barnett Shoals Road | Athens | Clarke | GA | 30605 | 2012 | NAP | 372 | Beds | 44,758 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | 22,800,000 | 06/01/2013 | Yes | 68.6% | 52.3% | 320 River Market Avenue | Little Rock | Pulaski | AR | 72201 | 2008 | NAP | 119 | Rooms | 131,513 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | 29,900,000 | 05/28/2013 | Yes | 50.5% | 45.8% | 1719 and 1726 Santa Monica Boulevard | Santa Monica | Los Angeles | CA | 90404 | 1977, 1990 | 2013 | 49,078 | Sq. Ft. | 308 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | 24,100,000 | 07/11/2013 | Yes | 60.2% | 51.6% | 33562-33694 Yucaipa Boulevard | Yucaipa | San Bernardino | CA | 92399 | 2001-2005 | NAP | 127,513 | Sq. Ft. | 114 | L(24), D(91), O(5) | |||||||||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | 26,500,000 | 07/13/2012 | Yes | 53.7% | 41.0% | Various | Various | Various | OK | Various | 2006 | NAP | 198 | Rooms | 71,910 | L(35), D(82), O(3) | |||||||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | 13,500,000 | 07/13/2012 | Yes | 1811 South Peachable Road | McAlester | Pittsburg | OK | 74501 | 2006 | NAP | 99 | Rooms | 74,389 | ||||||||||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | 13,000,000 | 07/13/2012 | Yes | 4909 North Union Avenue | Shawnee | Pottawatomie | OK | 74804 | 2006 | NAP | 99 | Rooms | 69,430 | ||||||||||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | 22,500,000 | Various | Yes | 62.2% | 55.6% | Various | Various | Various | Various | Various | Various | Various | 429 | Rooms | 32,634 | L(24), D(33), O(3) | |||||||||||||||||||
Property | 25.01 | Doubletree | 0.8% | 16,100,000 | 05/13/2013 | Yes | 5801 Southfield Expressway | Detroit | Wayne | MI | 48228 | 1985 | 2005 | 347 | Rooms | 25,937 | ||||||||||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | 6,400,000 | 05/09/2013 | Yes | 1039 South Washington Street | Junction City | Geary | KS | 66441 | 2010 | NAP | 82 | Rooms | 60,976 | ||||||||||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | 19,500,000 | 05/08/2013 | Yes | 67.7% | 29.0% | 12601-12701 Southfield Freeway | Detroit | Wayne | MI | 48223 | 1964 | 2012 | 1,034,929 | Sq. Ft. | 13 | L(26), D(90), O(4) | |||||||||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | 19,200,000 | 06/04/2013 | Yes | 68.2% | 59.2% | 201 North Charles Street | Baltimore | Baltimore City | MD | 21201 | 1968 | 1990, 2003-2013 | 264,126 | Sq. Ft. | 50 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | 18,800,000 | Various | Yes | 63.7% | 48.4% | Various | Fayetteville | Washington | AR | 72704 | Various | Various | 206 | Rooms | 58,169 | L(25), D(92), O(3) | |||||||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | 10,300,000 | 05/13/2013 | Yes | 1305 North Palak Drive | Fayetteville | Washington | AR | 72704 | 2009 | NAP | 96 | Rooms | 68,651 | ||||||||||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | 8,500,000 | 05/14/2013 | Yes | 1251 North Shiloh Drive | Fayetteville | Washington | AR | 72704 | 1989 | 2005 | 110 | Rooms | 49,020 | ||||||||||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | 16,400,000 | 06/05/2013 | Yes | 71.6% | 59.1% | 1880 Destiny Boulevard | Kissimmee | Osceola | FL | 34741 | 1989 | 2011 | 210 | Units | 55,894 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | 6,350,000 | 07/19/2013 | Yes | 68.3% | 57.3% | 9535 Forest Lane | Dallas | Dallas | TX | 75243 | 1986 | NAP | 90,674 | Sq. Ft. | 48 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | 5,400,000 | 07/19/2013 | Yes | 68.3% | 57.3% | 9550 Forest Lane | Dallas | Dallas | TX | 75243 | 1979 | NAP | 82,077 | Sq. Ft. | 41 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | 4,550,000 | 07/19/2013 | Yes | 68.3% | 57.3% | 9304 Forest Lane | Dallas | Dallas | TX | 75243 | 1982-1983 | NAP | 68,827 | Sq. Ft. | 49 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | 15,500,000 | 05/24/2013 | Yes | 71.0% | 61.8% | 1080 Peachtree Street Northeast | Atlanta | Fulton | GA | 30309 | 2009 | NAP | 37,853 | Sq. Ft. | 291 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | 15,400,000 | 01/30/2013 | Yes | 69.1% | 57.6% | Various | Chicago | Cook | IL | Various | Various | Various | 30,822 | Sq. Ft. | 345 | L(25), D(92), O(3) | |||||||||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | 3,120,000 | 01/30/2013 | Yes | 1657 North Damen Avenue | Chicago | Cook | IL | 60647 | 1906 | 2012 | 5,831 | Sq. Ft. | 389 | ||||||||||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | 2,970,000 | 01/30/2013 | Yes | 1645 North Damen Avenue | Chicago | Cook | IL | 60647 | 1907 | 2012 | 3,606 | Sq. Ft. | 597 | ||||||||||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | 3,080,000 | 01/30/2013 | Yes | 1630 North Damen Avenue | Chicago | Cook | IL | 60647 | 1891 | 1990 | 9,292 | Sq. Ft. | 230 | ||||||||||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | 2,230,000 | 01/30/2013 | Yes | 1639 North Damen Avenue | Chicago | Cook | IL | 60647 | 1882 | 2012 | 3,653 | Sq. Ft. | 444 | ||||||||||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | 2,510,000 | 01/30/2013 | Yes | 1649 North Damen Avenue | Chicago | Cook | IL | 60647 | 2006 | NAP | 4,000 | Sq. Ft. | 357 | ||||||||||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | 1,490,000 | 01/30/2013 | Yes | 1543 North Milwaukee Avenue | Chicago | Cook | IL | 60622 | 1961 | 1997 | 4,440 | Sq. Ft. | 233 | ||||||||||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | 15,750,000 | 05/23/2013 | Yes | 67.2% | 55.8% | 8901 Jones Road | Houston | Harris | TX | 77065 | 1982 | 2011-2013 | 316 | Units | 33,507 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | 13,900,000 | 06/24/2013 | Yes | 74.8% | 66.9% | 1501 Indian School Road Northeast | Albuquerque | Bernalillo | NM | 87102 | 1985 | NAP | 220 | Units | 47,273 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | 15,000,000 | 06/10/2013 | Yes | 65.2% | 55.3% | 3750 Orange Place | Beachwood | Cuyahoga | OH | 44122 | 1973 | 2008 | 158 | Rooms | 61,921 | L(26), D(92), O(2) | |||||||||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | 12,600,000 | 06/06/2013 | Yes | 75.0% | 56.4% | Various | Indianapolis | Marion | IN | 46214 | 1986 | NAP | 275 | Units | 34,364 | L(24), D(89), O(7) | |||||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | 9,700,000 | 06/06/2013 | Yes | 3402 Marabou Mills Drive | Indianapolis | Marion | IN | 46214 | 1986 | NAP | 208 | Units | 34,976 | ||||||||||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | 2,900,000 | 06/06/2013 | Yes | 8172 Aragon Woods Drive | Indianapolis | Marion | IN | 46214 | 1986 | NAP | 67 | Units | 32,463 | ||||||||||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | 12,600,000 | 03/06/2013 | Yes | 72.7% | 58.8% | 38 and 54 Commerce Avenue Southwest | Grand Rapids | Kent | MI | 49503 | 2010 | NAP | 65,352 | Sq. Ft. | 140 | L(29), D(87), O(4) | |||||||||||||||||||
Loan | 40 | El Sol Real | 0.8% | 12,200,000 | 06/11/2013 | Yes | 74.5% | 62.1% | 2305 Hayes Road | Houston | Harris | TX | 77077 | 1980 | NAP | 307 | Units | 29,610 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | 10,100,000 | 06/12/2013 | Yes | 74.3% | 61.1% | 105-135 Northshore Boulevard | Slidell | Saint Tammany | LA | 70460 | 1988 | NAP | 144,638 | Sq. Ft. | 52 | L(24), D(92), O(4) | |||||||||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | 12,600,000 | 06/11/2013 | Yes | 59.4% | 53.5% | 1 Apollo Drive | Glen Falls | Warren | NY | 12801 | 1987 | 2013 | 181,715 | Sq. Ft. | 41 | L(25), D(31), O(4) | |||||||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | 11,100,000 | Various | Yes | 66.0% | 54.6% | Various | Various | Various | Various | Various | Various | NAP | 26,166 | Sq. Ft. | 280 | L(24), D(93), O(3) | |||||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | 6,100,000 | 05/12/2013 | Yes | 29520 Harper Avenue | St. Clair Shores | Macomb | MI | 48081 | 2002 | NAP | 13,428 | Sq. Ft. | 297 | ||||||||||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | 5,000,000 | 05/17/2013 | Yes | 1901 2nd Avenue | Watervliet | Albany | NY | 12189 | 2000 | NAP | 12,738 | Sq. Ft. | 263 | ||||||||||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | 10,020,000 | 07/17/2013 | Yes | 72.8% | 60.6% | Various | Various | Various | MI | Various | Various | NAP | 1,425 | Units | 5,118 | L(25), D(92), O(3) | |||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | 4,450,000 | 07/17/2013 | Yes | 2621 Burlingame Avenue Southwest | Wyoming | Kent | MI | 49509 | 1972-1984 | NAP | 606 | Units | 5,028 | ||||||||||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | 3,230,000 | 07/17/2013 | Yes | 3040 Shaffer Avenue Southeast | Grand Rapids | Kent | MI | 49512 | 1975-1986 | NAP | 503 | Units | 4,767 | ||||||||||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | 2,340,000 | 07/17/2013 | Yes | 28266 Ecorse Road | Romulus | Wayne | MI | 48174 | 1996-1998 | NAP | 316 | Units | 5,849 | ||||||||||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | 10,300,000 | 06/11/2013 | Yes | 65.0% | 54.5% | 4651 Oakwood Drive | Odessa | Ector | TX | 79761 | 1973, 1976 | NAP | 171 | Units | 39,145 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | 9,150,000 | 06/12/2013 | Yes | 72.1% | 60.3% | 1245 Broad Street | Sumter | Sumter | SC | 29150 | 2008-2010 | NAP | 43,857 | Sq. Ft. | 150 | L(24), D(94), O(2) | |||||||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | 10,850,000 | 05/13/2013 | Yes | 59.8% | 46.2% | 1655 and 1667 Irish Hill Drive | Biloxi | Harrison | MS | 39531 | 1974 | 2012 | 258 | Units | 25,161 | L(25), D(92), O(3) | |||||||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | 8,700,000 | 05/23/2013 | Yes | 63.1% | 48.8% | 2131 West Interstate 20 | Grand Prarie | Dallas | TX | 75052 | 2009 | NAP | 73 | Rooms | 75,147 | L(26), D(91), O(3) | |||||||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | 6,900,000 | 05/12/2013 | Yes | 74.8% | 62.0% | 27 Michigan Lane | Winona | Winona | MN | 55987 | 1970 | NAP | 228 | Pads | 22,651 | L(26), D(90), O(4) | |||||||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | 7,400,000 | 04/06/2013 | Yes | 64.7% | 53.5% | 39000-39200 Van Dyke Avenue | Sterling Heights | Macomb | MI | 48313 | 1966 | 2005 | 154,835 | Sq. Ft. | 31 | L(26), D(91), O(3) | |||||||||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | 7,100,000 | 02/19/2013 | Yes | 56.8% | 36.4% | 10111 Market Street | North Lima | Mahoning | OH | 44452 | 2003 | NAP | 62 | Rooms | 65,035 | L(26), D(91), O(3) | |||||||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | 8,050,000 | 05/03/2013 | Yes | 49.5% | 37.1% | 1337 Saw Mill River Road | Hastings on Hudson | Westchester | NY | 10706 | 1999 | NAP | 436 | Units | 9,146 | L(26), D(90), O(4) | |||||||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | 7,000,000 | 06/24/2013 | Yes | 57.0% | 25.5% | 7060 San Bernardo Avenue | Laredo | Webb | TX | 78041 | 1978 | NAP | 126 | Rooms | 31,642 | L(25), D(92), O(3) | |||||||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | 5,650,000 | 08/06/2013 | Yes | 63.7% | 53.6% | 25060 Madison Avenue | Murrieta | Riverside | CA | 92562 | 2004 | NAP | 20,750 | Sq. Ft. | 173 | L(24), D(94), O(2) | |||||||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | 5,900,000 | 06/24/2013 | Yes | 60.8% | 27.3% | 2010 Lomas Del Sur | Laredo | Webb | TX | 78046 | 2008 | NAP | 83 | Rooms | 43,232 | L(25), D(92), O(3) | |||||||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | 4,900,000 | 05/12/2013 | Yes | 69.6% | 57.7% | 1390 South Mission Street | Mount Pleasant | Isabella | MI | 48858 | 2002 | NAP | 13,650 | Sq. Ft. | 250 | L(24), D(93), O(3) | |||||||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | 3,800,000 | 05/10/2013 | Yes | 60.4% | 50.3% | 2925 and 2945 East Riggs Road | Chandler | Maricopa | AZ | 85249 | 2002-2003 | NAP | 18,218 | Sq. Ft. | 126 | L(26), D(91), O(3) |
A-1-3
COMM 2013-LC13 | ||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||
% of | Underwritten | Underwritten | ||||||||||||||||||||||||||||||||||||||||||||||
Property | Initial Pool | Trailing 12 Operating | Trailing 12 | Trailing 12 | Trailing 12 | 2012 Operating | 2012 | 2012 | 2012 | 2011 Operating | 2011 | 2011 | 2011 | NOI Debt | NCF Debt | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | ||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Yield(9)(12)(15) | Yield(9)(12)(15) | Revenue($)(15) | EGI($)(15) | Expenses($)(15) | NOI ($)(15) | Reserves($)(15) | TI/LC($)(15) | NCF ($)(15) | ||||||||||||||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | 10.8% | 10.0% | 14,239,839 | 11,329,858 | 481,661 | 10,848,197 | 141,208 | 658,785 | 10,048,203 | ||||||||||||||||||||||||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | T-12 5/31/2013 | 29,567,621 | 9,167,435 | 20,400,186 | 12/31/2012 | 29,437,734 | 8,805,738 | 20,631,997 | 12/31/2011 | 29,369,763 | 8,915,310 | 20,454,454 | 11.1% | 10.4% | 24,823,990 | 29,193,307 | 10,388,785 | 18,804,522 | 162,373 | 975,000 | 17,667,149 | ||||||||||||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | T-12 9/30/2012 | 11,392,888 | 4,852,731 | 6,540,157 | 12/31/2011 | 10,584,715 | 4,243,781 | 6,340,934 | 11.4% | 11.0% | 11,542,258 | 11,688,573 | 4,636,698 | 7,051,876 | 110,683 | 139,118 | 6,802,075 | ||||||||||||||||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | T-12 5/31/2013 | 7,019,446 | 3,617,521 | 3,401,925 | 12/31/2012 | 7,405,323 | 3,583,759 | 3,821,564 | 12/31/2011 | 7,452,413 | 3,705,615 | 3,746,798 | 9.4% | 8.8% | 8,840,998 | 8,856,346 | 3,903,715 | 4,952,631 | 44,544 | 267,264 | 4,640,823 | ||||||||||||||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | T-12 6/30/2013 | 12,126,029 | 4,241,886 | 7,884,143 | 12/31/2012 | 11,345,467 | 4,160,925 | 7,184,542 | 17.2% | 16.5% | 8,717,064 | 13,339,550 | 4,401,491 | 8,938,060 | 87,034 | 295,580 | 8,555,446 | ||||||||||||||||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | T-12 6/30/2013 | 4,166,097 | 602,463 | 3,563,634 | 12/31/2012 | 3,995,624 | 615,821 | 3,379,803 | 12/31/2011 | 3,867,014 | 609,236 | 3,257,778 | 8.6% | 8.4% | 4,143,540 | 4,023,834 | 590,069 | 3,433,765 | 55,750 | 3,378,015 | |||||||||||||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | T-12 6/30/2013 | 7,381,469 | 3,684,255 | 3,697,214 | 12/31/2012 | 7,176,583 | 3,306,866 | 3,869,717 | 12/31/2011 | 7,052,258 | 3,159,893 | 3,892,366 | 9.7% | 8.9% | 7,860,384 | 7,380,970 | 3,635,539 | 3,745,431 | 287,613 | 3,457,818 | |||||||||||||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | T-12 6/30/2013 | 9,326,661 | 4,758,843 | 4,567,818 | 12/31/2012 | 9,216,457 | 4,648,084 | 4,568,373 | 12/31/2011 | 8,842,422 | 4,587,340 | 4,255,082 | 14.4% | 12.2% | 9,619,815 | 9,207,227 | 4,151,198 | 5,056,029 | 295,713 | 474,243 | 4,286,073 | ||||||||||||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | T-12 4/30/2013 | 3,593,181 | 929,991 | 2,663,190 | 12/31/2012 | 3,515,874 | 888,229 | 2,627,645 | 12/31/2011 | 3,299,172 | 1,094,273 | 2,204,899 | 8.6% | 8.5% | 4,219,476 | 3,883,875 | 1,020,217 | 2,863,658 | 20,350 | 2,843,308 | |||||||||||||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | T-12 5/31/2013 | 3,708,957 | 1,003,053 | 2,705,904 | 12/31/2012 | 3,546,216 | 978,709 | 2,567,507 | 12/31/2011 | 3,597,498 | 965,856 | 2,631,642 | 9.3% | 9.1% | 3,397,486 | 4,105,917 | 1,115,749 | 2,990,169 | 26,694 | 49,517 | 2,913,957 | ||||||||||||||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | T-12 4/30/2013 | 4,843,777 | 1,680,209 | 3,163,568 | 12/31/2012 | 5,035,321 | 1,702,652 | 3,332,669 | 12/31/2011 | 5,184,358 | 1,801,025 | 3,383,333 | 10.5% | 10.0% | 4,085,359 | 5,048,105 | 1,709,292 | 3,338,812 | 46,796 | 123,870 | 3,168,146 | ||||||||||||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | T-12 5/31/2013 | 3,102,084 | 345,511 | 2,756,573 | 12/31/2012 | 3,088,692 | 343,043 | 2,745,649 | 12/31/2011 | 3,068,694 | 329,815 | 2,738,879 | 10.3% | 9.2% | 3,526,300 | 3,616,861 | 457,428 | 3,159,433 | 88,158 | 264,473 | 2,806,803 | ||||||||||||||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | T-12 4/30/2013 | 8,806,902 | 7,229,788 | 1,577,114 | 1/31/2013 | 8,656,658 | 7,191,515 | 1,465,143 | 1/31/2012 | 7,905,887 | 6,967,709 | 938,178 | 28.5% | 28.4% | 18,246,240 | 17,353,928 | 8,792,901 | 8,561,027 | 38,500 | 8,522,527 | |||||||||||||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | T-12 4/30/2013 | 6,181,498 | 3,254,973 | 2,926,525 | 12/31/2012 | 5,918,444 | 3,229,728 | 2,688,716 | 12/31/2011 | 5,280,787 | 3,134,392 | 2,146,395 | 11.4% | 9.5% | 5,968,779 | 6,402,790 | 3,110,648 | 3,292,142 | 162,360 | 381,603 | 2,748,179 | ||||||||||||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | T-12 4/30/2013 | 2,476,432 | 1,604,275 | 872,157 | 12/31/2012 | 2,331,156 | 1,583,115 | 748,041 | 12/31/2011 | 2,184,247 | 1,525,460 | 658,787 | 2,654,881 | 2,697,709 | 1,513,355 | 1,184,355 | 32,124 | 124,540 | 1,027,691 | ||||||||||||||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | T-12 4/30/2013 | 1,256,351 | 462,019 | 794,332 | 12/31/2012 | 1,234,617 | 461,049 | 773,568 | 12/31/2011 | 914,160 | 451,807 | 462,353 | 937,571 | 1,268,944 | 489,511 | 779,433 | 39,616 | 75,207 | 664,610 | ||||||||||||||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | T-12 4/30/2013 | 728,902 | 266,382 | 462,520 | 12/31/2012 | 731,850 | 249,580 | 482,270 | 12/31/2011 | 719,085 | 266,126 | 452,959 | 666,003 | 676,547 | 241,021 | 435,527 | 21,083 | 49,753 | 364,691 | ||||||||||||||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | T-12 4/30/2013 | 910,421 | 482,059 | 428,362 | 12/31/2012 | 855,729 | 509,345 | 346,384 | 12/31/2011 | 746,275 | 507,707 | 238,568 | 944,483 | 956,680 | 469,005 | 487,676 | 43,647 | 55,073 | 388,956 | ||||||||||||||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | T-12 4/30/2013 | 809,392 | 440,238 | 369,154 | 12/31/2012 | 765,092 | 426,639 | 338,453 | 12/31/2011 | 717,020 | 383,292 | 333,728 | 765,842 | 802,909 | 397,757 | 405,152 | 25,891 | 77,030 | 302,231 | ||||||||||||||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | T-12 3/31/2013 | 3,719,880 | 1,658,755 | 2,061,125 | 12/31/2012 | 3,633,619 | 1,656,713 | 1,976,906 | 12/31/2011 | 3,309,292 | 1,735,870 | 1,573,422 | 10.1% | 9.4% | 4,437,853 | 4,241,738 | 1,679,352 | 2,562,387 | 27,597 | 151,784 | 2,383,006 | ||||||||||||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | T-12 3/31/2013 | 2,714,643 | 1,027,698 | 1,686,945 | 12/31/2012 | 2,626,912 | 1,036,613 | 1,590,299 | 12/31/2011 | 2,316,186 | 1,108,273 | 1,207,913 | 2,896,096 | 2,892,477 | 1,037,656 | 1,854,821 | 17,927 | 98,598 | 1,738,296 | ||||||||||||||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | T-12 3/31/2013 | 1,005,237 | 631,057 | 374,180 | 12/31/2012 | 1,006,707 | 620,100 | 386,607 | 12/31/2011 | 993,106 | 627,597 | 365,509 | 1,541,757 | 1,349,261 | 641,696 | 707,566 | 9,670 | 53,186 | 644,710 | ||||||||||||||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | T-12 6/30/2013 | 13,218,381 | 8,572,389 | 4,645,992 | 12/31/2012 | 12,063,838 | 8,142,070 | 3,921,768 | 12/31/2011 | 9,641,159 | 7,284,694 | 2,356,465 | 20.8% | 18.4% | 11,650,365 | 13,267,314 | 8,587,746 | 4,679,568 | 530,693 | 4,148,875 | |||||||||||||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | T-12 5/31/2013 | 18,097,373 | 14,841,758 | 3,255,615 | 12/31/2012 | 18,042,217 | 14,641,301 | 3,400,916 | 12/31/2011 | 18,952,702 | 15,649,761 | 3,302,941 | 18.4% | 14.9% | 12,166,425 | 19,181,314 | 15,056,125 | 4,125,188 | 767,253 | 3,357,936 | |||||||||||||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | T-12 6/30/2013 | 3,378,890 | 1,456,438 | 1,922,452 | 12/31/2012 | 3,355,014 | 1,450,287 | 1,904,727 | 12/31/2011 | 3,319,027 | 1,394,010 | 1,925,017 | 9.4% | 9.0% | 3,665,028 | 3,452,846 | 1,439,484 | 2,013,363 | 87,000 | 1,926,363 | |||||||||||||||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | T-5 5/31/2013 Ann. | 3,526,030 | 1,501,181 | 2,024,849 | 12/31/2012 | 3,326,344 | 1,475,619 | 1,850,725 | 12/31/2011 | 2,758,734 | 1,374,535 | 1,384,199 | 11.6% | 10.8% | 3,677,268 | 3,520,738 | 1,576,576 | 1,944,162 | 126,945 | 1,817,217 | |||||||||||||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | T-9 4/30/2013 Ann. | 2,140,027 | 745,347 | 1,394,680 | 9.2% | 9.0% | 2,373,696 | 2,434,151 | 897,368 | 1,536,783 | 42,542 | 1,494,241 | |||||||||||||||||||||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | T-12 5/31/2013 | 4,502,066 | 2,525,001 | 1,977,065 | 12/31/2012 | 4,356,445 | 2,455,463 | 1,900,982 | 12/31/2011 | 3,983,748 | 2,287,296 | 1,696,452 | 13.1% | 12.0% | 4,183,839 | 4,502,066 | 2,447,045 | 2,055,021 | 180,083 | 1,874,938 | |||||||||||||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | 12/31/2012 | 1,291,818 | 1,291,818 | 12/31/2011 | 1,291,818 | 1,291,818 | 8.7% | 8.7% | 1,422,640 | 1,358,502 | 40,755 | 1,317,747 | 7,362 | 1,310,385 | |||||||||||||||||||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | T-12 6/30/2013 | 2,207,809 | 611,012 | 1,596,797 | 12/31/2012 | 2,247,428 | 660,480 | 1,586,948 | 12/31/2011 | 2,284,828 | 660,539 | 1,624,289 | 10.8% | 10.0% | 1,893,003 | 2,206,995 | 646,785 | 1,560,210 | 38,254 | 75,688 | 1,446,269 | ||||||||||||||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | T-12 5/31/2013 | 4,797,380 | 2,527,516 | 2,269,864 | 12/31/2012 | 4,810,446 | 2,492,269 | 2,318,177 | 12/31/2011 | 4,727,864 | 2,559,236 | 2,168,628 | 15.9% | 14.6% | 4,757,392 | 4,797,380 | 2,527,510 | 2,269,870 | 191,895 | 2,077,975 | |||||||||||||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | T-12 5/31/2013 | �� | 2,181,812 | 1,166,261 | 1,015,551 | 12/31/2012 | 2,290,927 | 1,173,161 | 1,117,766 | 12/31/2011 | 2,556,346 | 1,320,138 | 1,236,208 | 2,157,829 | 2,181,812 | 1,166,196 | 1,015,616 | 87,272 | 928,344 | ||||||||||||||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | T-12 5/31/2013 | 2,615,568 | 1,361,255 | 1,254,313 | 12/31/2012 | 2,519,519 | 1,319,108 | 1,200,411 | 12/31/2011 | 2,171,518 | 1,239,098 | 932,420 | 2,599,563 | 2,615,568 | 1,361,314 | 1,254,254 | 104,623 | 1,149,631 | |||||||||||||||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | T-12 3/31/2013 | 9,476,807 | 7,512,676 | 1,964,131 | 12/31/2012 | 9,598,770 | 7,451,512 | 2,147,258 | 12/31/2011 | 8,880,194 | 6,941,961 | 1,938,233 | 14.0% | 11.3% | 7,581,813 | 9,476,807 | 7,512,676 | 1,964,131 | 379,072 | 1,585,059 | |||||||||||||||||||||||||
Property | 25.01 | Doubletree | 0.8% | T-12 3/31/2013 | 7,822,086 | 6,294,327 | 1,527,759 | 12/31/2012 | 7,821,501 | 6,233,201 | 1,588,300 | 12/31/2011 | 7,383,307 | 5,846,496 | 1,536,811 | 5,941,609 | 7,822,086 | 6,294,327 | 1,527,759 | 312,883 | 1,214,876 | |||||||||||||||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | T-12 3/31/2013 | 1,654,721 | 1,218,349 | 436,372 | 12/31/2012 | 1,777,269 | 1,218,311 | 558,958 | 12/31/2011 | 1,496,887 | 1,095,465 | 401,422 | 1,640,204 | 1,654,721 | 1,218,349 | 436,372 | 66,189 | 370,183 | |||||||||||||||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | T-12 3/31/2013 | 3,157,125 | 2,035,742 | 1,121,383 | 12/31/2012 | 3,607,732 | 2,001,687 | 1,606,045 | 12/31/2011 | 3,683,586 | 2,439,072 | 1,244,514 | 16.8% | 13.9% | 3,215,200 | 4,355,191 | 2,136,537 | 2,218,653 | 258,733 | 119,338 | 1,840,583 | ||||||||||||||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | 12/31/2012 | 4,047,356 | 3,017,799 | 1,029,557 | 12/31/2011 | 4,213,277 | 3,174,051 | 1,039,226 | 11.6% | 8.9% | 4,512,515 | 4,457,688 | 2,938,902 | 1,518,786 | 51,453 | 295,385 | 1,171,948 | ||||||||||||||||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | T-12 4/30/2013 | 4,199,824 | 2,579,971 | 1,619,853 | 12/31/2012 | 4,194,513 | 2,507,064 | 1,687,449 | 12/31/2011 | 3,710,586 | 2,427,185 | 1,283,401 | 13.4% | 12.0% | 4,175,176 | 4,199,824 | 2,594,062 | 1,605,762 | 167,992 | 1,437,770 | |||||||||||||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | T-12 4/30/2013 | 2,219,112 | 1,343,062 | 876,050 | 12/31/2012 | 2,187,286 | 1,323,078 | 864,208 | 12/31/2011 | 1,975,699 | 1,267,325 | 708,374 | 2,207,256 | 2,219,112 | 1,354,563 | 864,549 | 88,764 | 775,785 | |||||||||||||||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | T-12 4/30/2013 | 1,980,712 | 1,236,909 | 743,803 | 12/31/2012 | 2,007,227 | 1,183,986 | 823,241 | 12/31/2011 | 1,734,887 | 1,159,860 | 575,027 | 1,967,920 | 1,980,712 | 1,239,499 | 741,213 | 79,228 | 661,985 | |||||||||||||||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | T-12 5/31/2013 | 2,117,732 | 867,742 | 1,249,990 | 12/31/2012 | 2,075,437 | 826,239 | 1,249,198 | 12/31/2011 | 1,857,844 | 826,709 | 1,031,135 | 10.2% | 9.7% | 2,172,804 | 2,117,732 | 924,414 | 1,193,318 | 52,500 | 1,140,818 | |||||||||||||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | T-12 7/31/2013 | 911,302 | 487,569 | 423,733 | 12/31/2012 | 811,474 | 468,299 | 343,175 | 12/31/2011 | 712,555 | 537,083 | 175,472 | 11.5% | 9.9% | 1,058,361 | 972,045 | 480,568 | 491,477 | 34,402 | 46,323 | 410,752 | ||||||||||||||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | T-12 7/31/2013 | 796,235 | 464,725 | 331,510 | 12/31/2012 | 861,102 | 418,544 | 442,558 | 12/31/2011 | 824,287 | 523,030 | 301,257 | 11.5% | 9.9% | 931,874 | 829,842 | 458,023 | 371,819 | 20,519 | 35,749 | 315,551 | ||||||||||||||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | T-12 7/31/2013 | 697,036 | 364,640 | 332,396 | 12/31/2012 | 692,747 | 357,072 | 335,675 | 12/31/2011 | 716,676 | 441,496 | 275,180 | 11.5% | 9.9% | 857,187 | 778,874 | 367,698 | 411,176 | 2,753 | 33,972 | 374,450 | ||||||||||||||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | 12/31/2012 | 1,335,281 | 690,941 | 644,340 | 12/31/2011 | 1,141,412 | 592,443 | 548,969 | 10.2% | 9.6% | 1,383,435 | 1,739,311 | 620,596 | 1,118,714 | 5,678 | 56,792 | 1,056,244 | ||||||||||||||||||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | T-12 5/31/2013 | 794,635 | 191,475 | 603,160 | 12/31/2012 | 536,761 | 177,976 | 358,785 | 8.6% | 8.3% | 1,227,914 | 1,142,428 | 223,522 | 918,906 | 5,456 | 25,753 | 887,697 | ||||||||||||||||||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | T-12 5/31/2013 | 207,372 | 32,495 | 174,877 | 12/31/2012 | 161,353 | 20,706 | 140,647 | 12/31/2011 | 52,488 | 8,961 | 43,527 | 250,028 | 258,404 | 36,262 | 222,142 | 292 | 4,972 | 216,878 | ||||||||||||||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | T-12 5/31/2013 | 170,564 | 25,769 | 144,795 | 12/31/2012 | 94,849 | 23,110 | 71,739 | 230,603 | 264,550 | 50,093 | 214,457 | 180 | 6,641 | 207,636 | ||||||||||||||||||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | T-12 5/31/2013 | 191,075 | 39,987 | 151,088 | 12/31/2012 | 188,502 | 55,833 | 132,669 | 12/31/2011 | 12,834 | 2,011 | 10,823 | 276,460 | 95,400 | 40,896 | 54,504 | 2,323 | 52,181 | |||||||||||||||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | T-12 5/31/2013 | 73,763 | 17,555 | 56,208 | 12/31/2012 | 3,300 | 19,495 | -16,195 | 168,780 | 178,691 | 29,244 | 149,447 | 694 | 3,965 | 144,788 | ||||||||||||||||||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | T-12 5/31/2013 | 31,711 | 52,884 | -21,173 | 12/31/2012 | 36,682 | -36,682 | 180,353 | 212,994 | 41,161 | 171,833 | 280 | 7,025 | 164,528 | |||||||||||||||||||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | T-12 5/31/2013 | 120,150 | 22,785 | 97,365 | 12/31/2012 | 88,757 | 22,149 | 66,608 | 121,690 | 132,389 | 25,866 | 106,523 | 1,687 | 3,150 | 101,686 | ||||||||||||||||||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | T-12 6/30/2013 | 2,289,752 | 1,395,262 | 894,490 | 12/31/2012 | 2,186,080 | 1,350,129 | 835,951 | T-5 12/31/2011 Ann. | 2,159,415 | 1,350,839 | 808,575 | 9.4% | 8.8% | 2,527,956 | 2,380,329 | 1,388,928 | 991,401 | 58,776 | 932,625 | |||||||||||||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | T-12 6/30/2013 | 1,795,572 | 691,038 | 1,104,535 | 12/31/2012 | 1,767,284 | 796,891 | 970,393 | 12/31/2011 | 1,764,138 | 812,779 | 951,359 | 9.5% | 8.9% | 1,909,521 | 1,819,706 | 834,559 | 985,147 | 61,147 | 924,000 | |||||||||||||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | T-12 5/31/2013 | 4,335,590 | 2,986,396 | 1,349,194 | 12/31/2012 | 4,178,664 | 2,910,849 | 1,267,815 | 12/31/2011 | 3,664,192 | 2,827,329 | 836,863 | 13.0% | 11.2% | 4,110,014 | 4,255,658 | 2,988,436 | 1,267,222 | 170,226 | 1,096,996 | |||||||||||||||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | T-12 7/31/2013 | 1,561,907 | 636,635 | 925,272 | 12/31/2012 | 1,547,757 | 618,141 | 929,616 | 10.4% | 9.5% | 1,677,468 | 1,664,142 | 679,015 | 985,127 | 83,868 | 901,259 | |||||||||||||||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | |||||||||||||||||||||||||||||||||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | T-12 5/31/2013 | 1,225,223 | 374,042 | 851,181 | 12/31/2012 | 1,123,152 | 381,497 | 741,655 | 12/31/2011 | 561,776 | 239,589 | 322,187 | 9.3% | 8.8% | 1,284,673 | 1,227,758 | 372,948 | 854,810 | 16,500 | 29,880 | 808,430 | ||||||||||||||||||||||||
Loan | 40 | El Sol Real | 0.8% | T-12 5/31/2013 | 1,929,992 | 1,142,424 | 787,568 | 12/31/2012 | 1,797,628 | 1,161,478 | 636,150 | 9.6% | 8.7% | 2,143,764 | 2,039,881 | 1,169,014 | 870,867 | 76,443 | 794,424 | |||||||||||||||||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | 12/31/2012 | 1,345,578 | 440,355 | 905,223 | 12/31/2011 | 1,319,404 | 291,016 | 1,028,388 | 12.8% | 11.2% | 1,131,388 | 1,467,849 | 511,145 | 956,704 | 28,928 | 87,270 | 840,507 | ||||||||||||||||||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | 12/31/2012 | 1,323,108 | 70,201 | 1,252,907 | 12/31/2011 | 1,323,108 | 11,500 | 1,311,608 | 11.0% | 10.3% | 1,694,967 | 1,273,591 | 453,399 | 820,191 | 27,257 | 19,086 | 773,848 | ||||||||||||||||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | 12/31/2012 | 899,979 | 16,297 | 883,682 | 12/31/2011 | 899,479 | 6,375 | 893,104 | 10.6% | 10.0% | 853,979 | 806,785 | 29,191 | 777,594 | 10,566 | 32,810 | 734,218 | ||||||||||||||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | 12/31/2012 | 495,500 | 3,626 | 491,874 | 12/31/2011 | 495,000 | 495,000 | 449,500 | 422,530 | 10,166 | 412,364 | 4,834 | 17,120 | 390,410 | |||||||||||||||||||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | 12/31/2012 | 404,479 | 12,671 | 391,808 | 12/31/2011 | 404,479 | 6,375 | 398,104 | 404,479 | 384,255 | 19,025 | 365,230 | 5,732 | 15,690 | 343,808 | ||||||||||||||||||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | T-12 6/30/2013 | 1,393,837 | 583,865 | 809,972 | 12/31/2012 | 1,343,395 | 411,917 | 931,477 | 12/31/2011 | 1,227,798 | 230,234 | 997,564 | 10.7% | 10.2% | 1,376,604 | 1,393,837 | 613,986 | 779,851 | 33,277 | 746,574 | |||||||||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | T-12 6/30/2013 | 579,769 | 244,994 | 334,775 | 12/31/2012 | 547,868 | 159,011 | 388,857 | 12/31/2011 | 474,829 | 87,235 | 387,594 | 581,280 | 579,769 | 247,537 | 332,232 | 13,704 | 318,528 | |||||||||||||||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | T-12 6/30/2013 | 465,876 | 187,234 | 278,642 | 12/31/2012 | 457,080 | 149,956 | 307,123 | 12/31/2011 | 432,020 | 82,925 | 349,095 | 465,024 | 465,876 | 201,948 | 263,928 | 13,235 | 250,693 | |||||||||||||||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | T-12 6/30/2013 | 348,192 | 151,637 | 196,555 | 12/31/2012 | 338,447 | 102,950 | 235,497 | 12/31/2011 | 320,949 | 60,074 | 260,875 | 330,300 | 348,192 | 164,501 | 183,691 | 6,338 | 177,353 | |||||||||||||||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | T-12 4/30/2013 | 1,599,113 | 684,803 | 914,310 | T-11 12/31/2012 Ann. | 1,500,973 | 746,835 | 754,139 | 12/31/2011 | 1,271,892 | 612,835 | 659,057 | 12.7% | 11.9% | 1,660,788 | 1,677,938 | 826,684 | 851,254 | 54,549 | 796,705 | |||||||||||||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | T-12 4/30/2013 | 858,690 | 137,005 | 721,684 | 12/31/2012 | 865,400 | 133,080 | 732,319 | 12/31/2011 | 868,319 | 130,379 | 737,940 | 10.4% | 9.9% | 783,995 | 880,802 | 192,586 | 688,216 | 6,579 | 27,727 | 653,911 | ||||||||||||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | T-12 7/31/2013 | 1,588,889 | 840,422 | 748,467 | 12/31/2012 | 1,427,168 | 870,992 | 556,176 | 12/31/2011 | 1,376,443 | 847,593 | 528,850 | 11.5% | 10.3% | 1,865,100 | 1,588,889 | 839,760 | 749,129 | 77,400 | 671,729 | |||||||||||||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | T-12 5/31/2013 | 1,761,445 | 1,057,692 | 703,753 | 12/31/2012 | 1,639,794 | 933,141 | 706,653 | 12/31/2011 | 1,481,203 | 915,063 | 566,140 | 12.3% | 11.0% | 1,723,438 | 1,761,445 | 1,084,914 | 676,531 | 70,458 | 606,073 | |||||||||||||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | T-12 5/31/2013 | 799,476 | 361,095 | 438,381 | 12/31/2012 | 783,078 | 364,106 | 418,972 | 12/31/2011 | 767,496 | 374,032 | 393,464 | 9.0% | 8.8% | 912,528 | 827,695 | 362,773 | 464,922 | 11,400 | 453,522 | |||||||||||||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | T-12 4/30/2013 | 896,066 | 259,800 | 636,266 | 12/31/2012 | 874,074 | 259,075 | 614,998 | 12/31/2011 | 754,307 | 280,606 | 473,700 | 17.5% | 14.5% | 1,201,220 | 1,129,849 | 290,969 | 838,880 | 34,064 | 108,384 | 696,432 | ||||||||||||||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | T-12 5/31/2013 | 1,732,233 | 1,156,804 | 575,429 | 12/31/2012 | 1,653,038 | 1,076,901 | 576,137 | 12/31/2011 | 1,400,453 | 979,295 | 421,158 | 14.3% | 12.6% | 1,722,500 | 1,732,233 | 1,156,804 | 575,429 | 69,289 | 506,140 | |||||||||||||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | T-12 4/30/2013 | 915,732 | 402,635 | 513,097 | 12/31/2012 | 910,000 | 408,737 | 501,263 | 12/31/2011 | 920,266 | 417,811 | 502,454 | 12.1% | 12.0% | 1,009,500 | 915,233 | 431,732 | 483,501 | 5,328 | 478,173 | |||||||||||||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | T-12 6/30/2013 | 2,293,952 | 1,398,595 | 895,358 | 12/31/2012 | 2,263,867 | 1,363,509 | 900,357 | 12/31/2011 | 2,260,348 | 1,309,963 | 950,385 | 21.1% | 17.7% | 2,112,000 | 2,213,000 | 1,373,137 | 839,863 | 132,780 | 707,083 | |||||||||||||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | T-12 7/31/2013 | 400,895 | 8,007 | 392,888 | 12/31/2012 | 395,115 | 17,587 | 377,528 | 12/31/2011 | 401,600 | 20,033 | 381,567 | 10.1% | 10.0% | 397,600 | 492,268 | 128,300 | 363,968 | 3,113 | 360,855 | |||||||||||||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | T-12 6/30/2013 | 1,380,259 | 715,399 | 664,861 | 12/31/2012 | 1,440,495 | 701,347 | 739,148 | 12/31/2011 | 1,177,010 | 618,537 | 558,473 | 18.1% | 15.8% | 1,349,000 | 1,367,000 | 717,620 | 649,380 | 82,020 | 567,360 | |||||||||||||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | 12/31/2012 | 318,000 | 2,668 | 315,332 | 12/31/2011 | 318,000 | 2,909 | 315,091 | 8.8% | 8.8% | 318,000 | 308,460 | 7,871 | 300,589 | 683 | 299,907 | |||||||||||||||||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | T-12 4/30/2013 | 538,988 | 194,844 | 344,144 | 12/31/2012 | 541,902 | 195,196 | 346,706 | 12/31/2011 | 540,179 | 203,072 | 337,107 | 13.7% | 12.8% | 350,684 | 510,605 | 197,171 | 313,434 | 5,460 | 13,668 | 294,305 |
A-1-4
COMM 2013-LC13 | ||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||
% of | ||||||||||||||||||||||||||||||
Property | Initial Pool | Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||||||||||||||||
Flag | ID | Property Name | Balance | Interest(17)(18) | Expiration(18) | Extension Terms(18) | Largest Tenant(19)(20)(22)(23) | SF | Expiration(21) | 2nd Largest Tenant(19)(23) | SF | Expiration(21) | 3rd Largest Tenant | SF | Expiration(21) | |||||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | Fee Simple | ||||||||||||||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | Fee Simple | Ferguson Enterprises | 778,880 | 08/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | Fee Simple | BJ’s Wholesale Club | 115,396 | 05/11/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | Fee Simple | FedEx Ground | 104,864 | 05/31/2017 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | Fee Simple | Carmike Cinemas | 62,276 | 03/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | Fee Simple | LA Fitness | 45,000 | 05/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | Fee Simple | Walgreens | 15,120 | 06/30/2020 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | Fee Simple | HH Gregg | 30,167 | 11/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | Fee Simple | Walgreens | 14,250 | 10/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | Fee Simple | Ruth’s Chris | 7,165 | 09/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | Fee Simple | PetSmart | 26,060 | 12/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | Fee Simple | Allstate Insurance Company | 28,800 | 03/31/2018 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | Fee Simple | Walgreens | 15,047 | 02/28/2021 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | Fee Simple | Walgreens | 13,905 | 11/30/2017 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | Fee Simple | PetSmart | 26,040 | 12/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | Fee Simple | Tractor Supply | 19,097 | 11/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | Fee Simple | CVS | 12,900 | 01/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | Fee Simple | Logan’s Roadhouse | 7,236 | 09/30/2027 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | Fee Simple | CVS | 13,225 | 01/31/2034 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | Fee Simple | Tractor Supply | 19,097 | 04/14/2025 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | Fee Simple | Ashley Furniture | 23,800 | 08/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | Fee Simple | CVS | 10,560 | 01/31/2017 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | Fee Simple | CVS | 10,125 | 01/31/2019 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | Fee Simple | United Supermarkets, LLC | 25,692 | 09/30/2019 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | Fee Simple | CVS | 10,737 | 11/30/2017 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | Leasehold | 12/31/2100 | None | WellPoint Holding Corp. | 392,514 | 06/30/2020 | City of New York (HRA & DoITT) | 235,678 | 07/16/2024 | Luciano’s | 4,400 | 06/19/2018 | |||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | Fee Simple | NYC Department of Citywide Administrative Services | 149,400 | 01/15/2017 | NYC Transit Authority | 109,625 | 04/30/2020 | Quadlogic Control Corporation | 38,180 | 06/30/2022 | |||||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | Fee Simple | Spa Castle | 40,275 | 10/31/2034 | Kickstart c/o The Moinian Group | 25,000 | 12/31/2018 | Park Lex Corp. | 22,467 | 03/31/2017 | |||||||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | Fee Simple | Saks Fifth Avenue (Ground Lease) | 125,669 | 11/30/2023 | Plaza Frontenac Cinema | 14,307 | 05/07/2018 | Talbots | 13,813 | 01/31/2018 | |||||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | Fee Simple | URS | 193,461 | 12/31/2015 | Idaho State Tax Commission | 111,381 | 06/30/2017 | The United States Attorney’s Office | 38,010 | 05/20/2019 | |||||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | Fee Simple | Bed Bath & Beyond | 26,991 | 01/31/2018 | BevMo! | 7,750 | 01/31/2024 | Wood Ranch BBQ | 6,517 | 07/31/2017 | |||||||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | Fee Simple | Gordman’s | 60,833 | 03/31/2017 | Dick’s Sporting Goods | 50,000 | 01/31/2018 | Ross Dress for Less | 30,187 | 01/31/2018 | |||||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | Fee Simple/Leasehold | 12/31/2018 | None | Colinx LLC | 881,575 | 12/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | Fee Simple/Leasehold | 5/31/2086 | One, 99-year option | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | Fee Simple | ||||||||||||||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | Fee Simple | Chiro One Wellness Centers, LLC | 30,168 | 06/30/2020 | Interactive Business Systems, Inc. | 14,558 | 06/30/2018 | Advocate Health & Hospitality Corporation | 11,549 | 09/30/2016 | |||||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | Fee Simple | Indra | 20,800 | 03/31/2015 | Zel Technologies, L.L.C. | 20,800 | 09/30/2017 | Ascendx Spine | 10,220 | 12/31/2016 | |||||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | Fee Simple | Datamation Imaging Services Corporation | 11,656 | 10/01/2013 | Tawi | 8,604 | 03/31/2017 | Construction - CAD Solutions, Inc | 7,200 | 12/31/2013 | |||||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | Fee Simple | Integra Healthcare Equipment LLC | 18,224 | 10/31/2016 | Shield Denver Healthcare Centers, Inc. | 14,484 | 07/31/2014 | Compeve Corp. | 10,732 | 08/31/2014 | |||||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | Fee Simple | United Camera | 12,530 | 02/28/2014 | Highland Park CVS, L.L.C. | 11,768 | 01/31/2017 | Stephen Halperin and Associates, Ltd. | 5,683 | 07/31/2014 | |||||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | Fee Simple | ||||||||||||||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | Fee Simple | ROKU, Inc. | 38,683 | 05/31/2015 | Intero Real Estate Services | 13,864 | 01/31/2019 | Stratford School Inc. | 12,537 | 06/30/2014 | |||||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | Fee Simple | Powerspeaking Inc. | 5,633 | 06/30/2017 | Zyme Solutions Inc. | 4,966 | 12/31/2016 | Celigo Inc. | 4,618 | 10/31/2014 | |||||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | Fee Simple | First American Automotive, Inc. | 49,078 | 11/09/2024 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | Fee Simple | Vons | 55,702 | 01/31/2022 | TJ Maxx | 23,227 | 10/31/2023 | Vons Gas Station | 6,000 | 01/31/2022 | |||||||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | Fee Simple | ||||||||||||||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | Fee Simple | ||||||||||||||||||||||||||
Property | 25.01 | Doubletree | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | Fee Simple | DMS | 482,409 | 09/14/2027 | IMA (Lear) | 155,000 | 03/31/2018 | NTS | 64,869 | 07/31/2017 | |||||||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | Leasehold | A: 11/11/2033; B: 8/31/2112 | Various | Silverman, Thompson, Slutkin & White | 16,973 | 01/31/2020 | Bennett & Albright, PA | 9,670 | 02/19/2021 | Kahn, Smith & Collins, PA | 9,269 | 11/30/2014 | |||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | Fee Simple | ||||||||||||||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | Fee Simple | Renewed Vitality | 6,091 | 11/30/2014 | Axxess Healthcare Consult | 4,375 | 03/31/2015 | Piburn & Partners, LLC | 3,574 | 11/30/2014 | |||||||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | Fee Simple | Apex Merchant Group, LLC. Dba Apex | 8,411 | 06/30/2014 | A Smith Enterprises LLC | 5,425 | 09/30/2015 | R.C.C. G Victorious Life Parish | 4,499 | 12/31/2017 | |||||||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | Fee Simple | Transicare, Inc. | 3,575 | 06/30/2015 | Monarch Healthcare, Inc. | 2,678 | 01/31/2015 | Allied Home Health Agency | 2,398 | 07/31/2015 | |||||||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | Fee Simple | CB2 | 13,698 | 01/31/2023 | Ri Ra Irish Pub | 6,912 | 10/31/2019 | RA Sushi | 5,327 | 06/30/2024 | |||||||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | Fee Simple | ||||||||||||||||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | Fee Simple | Steven Alan Midwest, LLC | 1,556 | 08/31/2023 | Homemade Pizza, LLC | 1,275 | 05/31/2022 | NAP | NAP | NAP | |||||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | Fee Simple | Belly Dance Maternity, Inc. | 1,777 | 05/31/2022 | David’s Tea (USA), Inc. | 1,196 | 10/31/2022 | Diptyque N Damen LLC | 633 | 11/30/2022 | |||||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | Fee Simple | Scotch & Soda Retail, LLC | 2,153 | 01/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | Fee Simple | Feast, Inc. | 4,000 | 03/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | Fee Simple | Simplify S.T.A., LLC | 2,100 | 04/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | Fee Simple | ||||||||||||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | Fee Simple | Deloitte LLP | 12,000 | 05/01/2022 | Robert Half | 3,675 | 01/15/2017 | KMEG Advisors, LLC/Ameriprise | 2,325 | 11/30/2016 | |||||||||||||||||
Loan | 40 | El Sol Real | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | Fee Simple | Bed, Bath & Beyond | 30,364 | 01/31/2017 | Marshalls | 25,636 | 08/31/2016 | Dollar Tree | 24,364 | 02/28/2017 | |||||||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | Fee Simple | Niagara Mohawk Power Corporation | 122,302 | 12/31/2028 | Tribune Media Services, LLC | 8,042 | 12/31/2017 | NAP | NAP | NAP | |||||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | Fee Simple | ||||||||||||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | Fee Simple | Walgreens | 13,428 | 11/30/2062 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | Fee Simple | Rite Aid | 12,738 | 06/12/2020 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | Fee Simple | ||||||||||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | Fee Simple | Michaels | 16,851 | 09/30/2020 | Petco | 15,000 | 05/31/2022 | Verizon Wireless | 4,536 | 09/30/2020 | |||||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | Fee Simple | Burlington Coat Fatory Warehouse of Detroit, Inc. | 70,400 | 01/31/2024 | Rite Aid of Michigan, Inc. | 20,000 | 01/31/2026 | Ken Kronner of Bounce House | 14,950 | 09/30/2016 | |||||||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | Fee Simple | Smart & Final | 20,750 | 05/31/2034 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | Fee Simple | Walgreens | 13,650 | 11/30/2077 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | Fee Simple | Dr. Walden, DDS, PC | 2,600 | 03/31/2018 | Oxford Cleaners #2, LLC | 1,800 | 11/30/2016 | Len Zheng Enterprises, Inc | 1,600 | 01/31/2023 |
A-1-5
COMM 2013-LC13 | ||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||
% of | Upfront | Monthly | ||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Occupancy | Replacement | Replacement | ||||||||||||||||||||
Flag | ID | Property Name | Balance | 4th Largest Tenant | SF | Expiration(21) | 5th Largest Tenant(19)(23) | SF | Expiration(21) | Occupancy | As-of Date | Reserves($)(24) | Reserves ($)(25) | |||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | 100.0% | 09/06/2013 | 11,962 | ||||||||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | |||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | Café Metro | 2,358 | 01/31/2024 | NAP | NAP | NAP | 97.8% | 07/31/2013 | 10,825 | ||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | NYC Department of Cultural Affairs | 35,452 | 05/21/2028 | NYC Office of Court Administration | 19,861 | 11/19/2024 | 87.5% | 05/25/2013 | 9,224 | ||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | Gary Ostrow, D.O., P.C. | 9,656 | 10/15/2028 | 2008 Enterprises Inc. | 6,684 | 12/31/2020 | 93.3% | 08/30/2013 | 3,712 | ||||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | Pottery Barn | 12,962 | 01/31/2017 | Pottery Barn Kids (Ground Lease) | 12,000 | 11/30/2021 | 95.9% | 06/30/2013 | Springing | ||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 08/01/2013 | 4,646 | ||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | NAP | NAP | NAP | NAP | NAP | NAP | 87.9% | 07/09/2013 | 23,968 | ||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | Building Materials Holding Corp. | 27,413 | 02/29/2016 | TSYS Technology Center, Inc. | 20,366 | 05/31/2018 | 91.2% | 08/01/2013 | 9,270 | ||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | NAP | NAP | NAP | NAP | NAP | NAP | 93.4% | 05/01/2013 | 1,696 | ||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | MI Casa (RSM LLC) | 5,500 | 05/31/2017 | Cinnamon Productions | 5,219 | 04/30/2017 | 91.4% | 08/12/2013 | 2,225 | ||||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | Ulta | 10,006 | 12/31/2017 | Kirkland’s Stores | 9,750 | 01/11/2018 | 94.2% | 05/03/2013 | 3,900 | ||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/05/2013 | 7,347 | ||||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2013 | |||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | 81.6% | 08/22/2013 | 13,530 | ||||||||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | MIA Holdings, LLC | 11,425 | 02/28/2014 | Verve Global | 10,607 | 12/31/2016 | 84.1% | 08/22/2013 | |||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | Simigon, Inc. | 5,742 | 03/31/2016 | UEP, Inc. | 4,794 | 12/31/2013 | 74.2% | 08/22/2013 | |||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | National Temp-Trol Productions Corporation | 6,217 | 07/31/2016 | T-Lines Express Corp | 5,369 | 05/30/2016 | 81.5% | 08/22/2013 | |||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | APC Stores, Inc. | 9,759 | 10/31/2018 | Pharmacy Alternatives, LLC | 9,000 | 03/31/2015 | 83.5% | 08/22/2013 | |||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | Converters Prepress, Inc | 5,121 | 07/31/2018 | KDDI America, Inc | 5,056 | 09/30/2018 | 83.6% | 08/22/2013 | |||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | 95.8% | 08/31/2013 | 2,300 | ||||||||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | American Sleep Medicine | 5,827 | 01/31/2016 | OPTM Physical Therapy | 3,979 | 08/30/2014 | 100.0% | 08/31/2013 | |||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | Singapore Economic Development Board | 4,419 | 12/31/2015 | Pacific Autism Center | 3,430 | 12/31/2018 | 88.0% | 08/31/2013 | |||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | NAP | NAP | NAP | NAP | NAP | NAP | 59.9% | 06/30/2013 | 1/12 of 4% of prior year’s Gross Revenues | ||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | NAP | NAP | NAP | NAP | NAP | NAP | 61.2% | 05/31/2013 | Springing | ||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | 92.5% | 08/01/2013 | 261,000 | Springing | |||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | 96.7% | 07/05/2013 | 10,576 | ||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | NAP | NAP | NAP | NAP | NAP | NAP | 99.7% | 08/31/2013 | 2,646 | ||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | NAP | NAP | NAP | NAP | NAP | NAP | 82.3% | 05/31/2013 | 4.0% of prior month’s Gross Revenues | ||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | Springing | ||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | McDonald’s | 4,838 | 08/04/2022 | Arrowhead Credit Union | 3,545 | 04/30/2017 | 96.3% | 07/19/2013 | 3,188 | ||||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | 71.9% | 05/31/2013 | 1/12 of 4% of prior year’s Gross Revenues | ||||||||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 65.4% | 05/31/2013 | |||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 78.4% | 05/31/2013 | |||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | 52.3% | 03/31/2013 | Hampton Inn: 1/12 of 4% of prior year’s Gross Revenues; DoubleTree: 1/12 of 2% of prior year’s Gross Revenues for the first two years | ||||||||||||||||||||
Property | 25.01 | Doubletree | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 49.8% | 03/31/2013 | |||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 64.5% | 03/31/2013 | |||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | Houghton | 50,000 | 02/28/2017 | Rush Trucking Corporation | 37,111 | 06/30/2027 | 83.0% | 05/21/2013 | 43,122 | ||||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | Beveridge & Diamond, PC | 9,106 | 02/28/2015 | Recovery Network | 8,505 | 03/31/2018 | 83.8% | 07/01/2013 | 4,402 | ||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | 58.1% | 04/30/2013 | 451,062 | 1/12 of 2% of prior year’s Gross Revenues for the first two years | |||||||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 61.8% | 04/30/2013 | |||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 56.7% | 04/30/2013 | |||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | 98.1% | 06/01/2013 | 4,375 | ||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | Vocis Marketing | 2,931 | 09/30/2013 | Alliance DME, LLC | 2,516 | 11/30/2016 | 89.6% | 08/16/2013 | 45,337 | Springing | |||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | P & S Antiques | 2,736 | 07/31/2015 | Duke Home Health, LLC | 2,601 | 01/31/2017 | 84.6% | 08/16/2013 | 41,039 | Springing | |||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | Alliance Career Institute LLC | 2,147 | 09/30/2016 | Multi-Choice Home Health Agency | 1,770 | 09/30/2015 | 86.8% | 08/16/2013 | 34,414 | Springing | |||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | Mi Cocina | 4,887 | 11/30/2022 | Panera, LLC | 2,916 | 06/30/2023 | 94.7% | 05/31/2013 | 473 | ||||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | 89.3% | 05/01/2013 | 455 | ||||||||||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 05/01/2013 | |||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 05/01/2013 | |||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 64.6% | 05/01/2013 | |||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 05/01/2013 | |||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 05/01/2013 | |||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 05/01/2013 | |||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 90.2% | 07/12/2013 | 4,898 | ||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 07/12/2013 | 4,533 | ||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | 72.1% | 05/31/2013 | 232,515 | 4% of Gross Revenues | |||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | 96.4% | 08/08/2013 | 6,989 | ||||||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 96.2% | 08/08/2013 | |||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 97.0% | 08/08/2013 | |||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | Two Beard Deli | 2,200 | 08/31/2019 | Locus Development, LLC | 2,138 | 09/01/2016 | 100.0% | 06/28/2013 | 1,375 | ||||||||||||||
Loan | 40 | El Sol Real | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 91.9% | 05/31/2013 | 6,396 | ||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | Baskins Western Wear | 21,249 | 08/31/2023 | Jo Ann | 20,125 | 01/31/2024 | 96.5% | 06/04/2013 | 25,358 | 2,411 | |||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 71.7% | 06/21/2013 | 2,271 | ||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | 100.0% | 09/05/2013 | 478 | ||||||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/05/2013 | |||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/05/2013 | |||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | 81.4% | 07/16/2013 | 2,773 | ||||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 85.0% | 07/16/2013 | |||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 78.3% | 07/16/2013 | |||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 79.4% | 07/16/2013 | |||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 97.1% | 06/03/2013 | 4,546 | ||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | Five Guys | 2,800 | 08/31/2019 | GameStop | 2,000 | 09/30/2015 | 96.6% | 06/07/2013 | 548 | ||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 94.2% | 06/10/2013 | 6,450 | ||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 71.8% | 05/31/2013 | 1/12 of 4% of prior year’s Gross Revenues | ||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 90.4% | 06/01/2013 | 950 | ||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | Inside America Foundation | 12,125 | 01/31/2016 | Dinette Masters Inc. | 7,215 | 02/28/2017 | 86.3% | 12/31/2012 | 2,839 | ||||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 79.6% | 05/31/2013 | 1/12 of 4% of prior year’s Gross Revenues | ||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 94.5% | 04/30/2013 | 444 | ||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 69.0% | 06/30/2013 | 1/12 of 6% of prior year’s Gross Revenues | ||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2013 | 260 | ||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 78.6% | 06/30/2013 | 1/12 of 6% of prior year’s Gross Revenues | ||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/23/2013 | 57 | ||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | Water N Ice Discount Supermarket | 1,484 | 12/31/2017 | Kiwi Loco AZ, LLC | 1,300 | 01/31/2018 | 93.4% | 06/05/2013 | 455 |
A-1-6
COMM 2013-LC13 | ||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Other | ||||||||||||||||
Property | Initial Pool | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | Engineering | Other Reserves | Reserves | ||||||||||||||
Flag | ID | Property Name | Balance | Reserves($)(24) | Reserves ($)(25) | Reserves($)(24) | Reserves ($)(25) | Reserves($)(24) | Reserves ($)(25) | Reserve($)(24) | ($)(23)(24)(25) | Description(23)(24)(25) | ||||||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | 55,193 | 60,874 | 7,282 | Springing | 10,000 | 33,075 | FedEx Ground TI Reserve (Upfront: 33,075) | ||||||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | |||||||||||||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | |||||||||||||||||||||
Property | 1.03 | FedEx Ground | 0.6% | |||||||||||||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | |||||||||||||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | |||||||||||||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | |||||||||||||||||||||
Property | 1.07 | HH Gregg | 0.3% | |||||||||||||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | |||||||||||||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | |||||||||||||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | |||||||||||||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | |||||||||||||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | |||||||||||||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | |||||||||||||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | |||||||||||||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | |||||||||||||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | |||||||||||||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | |||||||||||||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | |||||||||||||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | |||||||||||||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | |||||||||||||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | |||||||||||||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | |||||||||||||||||||||
Property | 1.23 | United Supermarket | 0.1% | |||||||||||||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | |||||||||||||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | 81,250 | 148,798 | 49,599 | Springing | 288,362 | Ground Rent Reserve (Upfront: 198,362, Monthly: 99,181); Partial Tax Lot Funds (Upfront: 90,000); WellPoint Rollover Funds (Monthly: Excess Cash Flow) | |||||||||||||||
Loan | 3 | The Center Building(29) | 5.8% | 3,000,000 | 360,441 | 120,147 | 22,337 | Springing | ||||||||||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | 1,828,712 | 22,272 | 258,654 | 129,327 | 14,228 | 2,846 | 5,666,761 | Holdback Reserve (Upfront: 5,000,000); Free Rent Reserve (Upfront: 466,761); Shortfall Reserve (Upfront: 200,000) | |||||||||||||
Loan | 5 | Plaza Frontenac | 4.8% | Springing | Springing | Springing | ||||||||||||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | 31,848 | 5,705 | 7,042 | 3,521 | |||||||||||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | 132,580 | 66,290 | 28,995 | 14,498 | 709,875 | 1,690,125 | Renovation Reserve (Upfront: 1,690,125) | ||||||||||||||
Loan | 8 | Washington Group Plaza | 3.3% | 2,921,276 | 54,893 | 444,229 | 63,461 | 33,739 | 11,246 | 771,969 | ||||||||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | 166,844 | 41,711 | 60,503 | 5,042 | 19,750 | ||||||||||||||||
Loan | 10 | El Paseo I & II | 3.0% | 297,915 | 9,380 | 148,911 | 24,819 | 4,239 | 1,413 | 4,563 | 1,471,872 | Tenant Specific TI/LC (Upfront: 1,017,732); Free Rent (Upfront: 260,940); BevMo! Cap Ex (Upfront: 175,000); Wood Ranch BBQ (Upfront: 18,200) | ||||||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | 1,500,000 | 17,549 | 93,728 | 93,728 | Springing | ||||||||||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | 22,040 | 216,667 | 20,983 | 56,162 | 4,680 | 1,750 | 7,510,176 | Expansion Holdback (Upfront: 3,785,176); Expansion Reserve (Upfront: 3,725,000) | |||||||||||||
Loan | 13 | The Ritz Tower | 2.8% | Springing | Springing | Springing | Ground Rent Reserve (Monthly: Springing) | |||||||||||||||||
Loan | 14 | DP II Portfolio | 2.7% | 1,152,790 | 14,583 | 329,524 | 65,905 | 45,705 | 11,426 | 805,250 | ||||||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | |||||||||||||||||||||
Property | 14.02 | University Corporate Center | 0.7% | |||||||||||||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | |||||||||||||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | |||||||||||||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | |||||||||||||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | 500,000 | 12,650 | 454,690 | 53,493 | 22,359 | 2,795 | 55,248 | ||||||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | |||||||||||||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | |||||||||||||||||||||
Loan | 16 | Doubletree Midland | 2.1% | 444,087 | 37,007 | 16,464 | ||||||||||||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | 261,374 | Springing | Springing | Springing | PIP Reserve (Springing Monthly: Excess Cash Flow) | ||||||||||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | 442,365 | 31,597 | 34,647 | 17,323 | 75,000 | Springing | Shortfall Funds Reserve (Springing Monthly: Excess Cash Flow) | ||||||||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | 115,493 | 14,437 | 107,465 | 9,850 | 11,813 | ||||||||||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | 188,124 | 17,102 | 54,827 | 4,984 | 29,150 | ||||||||||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | 12,569 | 12,569 | 36,765 | 5,559 | |||||||||||||||||
Loan | 22 | Santa Monica Honda | 1.4% | Springing | Springing | 178,492 | Rent Reserve (Upfront: 178,492) | |||||||||||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | 40,370 | 6,307 | 134,235 | 22,373 | 22,395 | 2,488 | 350,000 | TJ Maxx Reserves (Upfront: 350,000); Lease Sweep Funds (Springing Monthly: Excess Cash Flow) | |||||||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | 66,323 | 6,632 | 15,968 | 1,597 | 14,394 | Springing | PIP Reserve (Springing Monthly: Excess Cash Flow) | ||||||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | |||||||||||||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | |||||||||||||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | 142,532 | 29,956 | 15,322 | 7,661 | 2,813 | 3,667,459 | Doubletree PIP Reserve (Upfront: 3,500,000); Seasonality Reserve (Upfront: 167,459; Monthly: 27,910 for April through December of each year) | ||||||||||||||
Property | 25.01 | Doubletree | 0.8% | |||||||||||||||||||||
Property | 25.02 | Hampton Inn | 0.5% | |||||||||||||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | 9,945 | 135,038 | 12,420 | 26,872 | 13,436 | 166,965 | 618,050 | Environmental Reserve (Upfront: 482,125); Short Term Repairs Funds (Upfront: 135,925) | |||||||||||||
Loan | 27 | 201 North Charles Street | 1.2% | 626,633 | Springing | 45,082 | 3,925 | 3,925 | 340,938 | Ground Rent Reserve (Upfront: 128,268; Springing Monthly: Excess Cash Flow); Rent Concession Funds (Upfront: 212,670.13) | ||||||||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | 113,117 | 9,709 | 28,501 | 3,563 | 105,000 | Seasonality Reserve (Upfront: 105,000; Monthly: 15,000 for February through November of each year) | |||||||||||||||
Property | 28.01 | Homewood Suites | 0.6% | |||||||||||||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | |||||||||||||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | 101,688 | 11,299 | 5,557 | 5,557 | 23,333 | 1 Month Condo Association Maintenance (Upfront: 23,333; Monthly: Springing) | |||||||||||||||
Loan | 30 | Waterview Office Center | 0.4% | 136,011 | Springing | 47,833 | 5,315 | 13,297 | 13,297 | 16,125 | ||||||||||||||
Loan | 31 | Forest Park Gardens | 0.3% | 123,116 | Springing | 41,707 | 4,634 | 9,871 | 9,871 | 20,906 | ||||||||||||||
Loan | 32 | Forest Abrams Place | 0.3% | 103,241 | Springing | 42,812 | 4,757 | 8,193 | 8,193 | 13,250 | ||||||||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | 856,000 | 4,732 | 100,935 | 8,411 | 3,847 | 1,924 | 501,939 | Panera Bread TI/LC (Upfront: 357,939); Panera Bread Rent Reserve (Upfront: 144,000) | |||||||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | 215,560 | 3,333 | 8,565 | 8,565 | Springing | 17,500 | 1,443,324 | Performance Reserve (Upfront: 1,150,000); Specified Tenant Funds (Feast) (Upfront: 245,088); Steve Alan Reserve (Upfront: 48,236) | |||||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | |||||||||||||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | |||||||||||||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | |||||||||||||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | |||||||||||||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | |||||||||||||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | |||||||||||||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | 178,204 | 25,458 | Springing | 18,840 | |||||||||||||||||
Loan | 36 | Netherwood Apartments | 1.0% | 43,198 | 7,200 | 36,524 | 4,058 | 312,373 | ||||||||||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | 37,445 | 18,723 | 25,887 | 2,589 | 101,250 | 28,750 | Seasonality Reserve (Upfront: 28,750; Monthly: 28,750) | ||||||||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | 51,247 | 10,249 | 4,476 | 62,688 | |||||||||||||||||
Property | 38.01 | Marabou Mills | 0.7% | |||||||||||||||||||||
Property | 38.02 | Aragon Woods | 0.2% | |||||||||||||||||||||
Loan | 39 | 38 Commerce | 0.9% | 2,490 | 70,607 | 7,845 | 1,326 | 1,326 | ||||||||||||||||
Loan | 40 | El Sol Real | 0.8% | 111,329 | 15,904 | Springing | 62,500 | 695,000 | Unit Repair Reserve (Upfront: 695,000) | |||||||||||||||
Loan | 41 | Village at Northshore | 0.7% | 7,273 | 141,847 | 15,761 | Springing | |||||||||||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | 400,000 | 1,591 | 35,025 | 21,135 | 8,750 | ||||||||||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | 50,000 | Springing | 15,391 | 1,539 (Rite Aid); Springing (Walgreens) | |||||||||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | |||||||||||||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | |||||||||||||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | 8,841 | 13,207 | 2,405 | ||||||||||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | |||||||||||||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | |||||||||||||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | |||||||||||||||||||||
Loan | 45 | Southwest Oaks | 0.6% | 83,633 | 11,948 | Springing | 130,201 | |||||||||||||||||
Loan | 46 | Sumter Crossing | 0.6% | 50,000 | Springing | 102,077 | 7,852 | 1,126 | 1,126 | |||||||||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | 38,933 | 5,562 | 10,209 | 10,209 | 386,000 | Performance Reserve (Upfront: 386,000) | |||||||||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | 86,285 | 7,844 | 14,264 | 2,377 | Springing | Seasonality Reserve (Monthly: Springing); PIP Reserve (Monthly: Springing) | |||||||||||||||
Loan | 49 | Lake Village MHC | 0.5% | 3,481 | 15,320 | 1,393 | 564,447 | |||||||||||||||||
Loan | 50 | Sterling Heights | 0.4% | 9,032 | 51,679 | 6,318 | 3,264 | 3,264 | 67,500 | 7,156 | Burlington Estoppel Reserve (Upfront: 5,406); Environmental Work Reserve (Upfront: 1,750) | |||||||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | 4,921 | 4,921 | 6,983 | 1,397 | 13,750 | 814,204 | PIP Reserve (Upfront: 814,204); Seasonal Reserve (Monthly: 3,800); Franchise Termination Reserve (Springing Monthly: Excess Cash Flow) | ||||||||||||||
Loan | 52 | Hastings Self Storage | 0.4% | 112,857 | 14,107 | 5,244 | 1,748 | |||||||||||||||||
Loan | 53 | Days Inn Laredo | 0.4% | 43,560 | 10,890 | 39,544 | 3,295 | 65,000 | 115,000 | Seasonality Reserve (Upfront: 115,000; Springing Monthly: Excess Cash Flow); PIP Reserve (Monthly: Springing) | ||||||||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | Springing | Springing | |||||||||||||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | 21,963 | 5,491 | 22,367 | 2,033 | 25,000 | Seasonality Reserve (Upfront: 25,000; Springing Monthly: Excess Cash Flow); PIP Reserve (Monthly: Springing) | |||||||||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | 3,644 | 364 | |||||||||||||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | 1,139 | 21,812 | 4,362 | 1,906 | 635 | 7,875 |
A-1-7
COMM 2013-LC13 | ||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||
% of | Environmental | |||||||||||||||
Property | Initial Pool | Report | Engineering | Loan | ||||||||||||
Flag | ID | Property Name | Balance | Date(26) | Report Date | Purpose | Sponsor(27) | Guarantor(27) | ||||||||
Loan | 1 | Spirit Cole Portfolio | 9.3% | Acquisition | Spirit Realty, L.P. | Spirit Realty, L.P. | ||||||||||
Property | 1.01 | Ferguson Enterprises | 3.2% | 03/20/2013 | 03/19/2013 | |||||||||||
Property | 1.02 | BJ’s Wholesale Club | 0.8% | 03/22/2013 | 03/14/2013 | |||||||||||
Property | 1.03 | FedEx Ground | 0.6% | 04/19/2013 | 04/18/2013 | |||||||||||
Property | 1.04 | Wynnsong 16 | 0.5% | 03/22/2013 | 03/21/2013 | |||||||||||
Property | 1.05 | LA Fitness – Greenwood | 0.4% | 03/21/2013 | 03/17/2013 | |||||||||||
Property | 1.06 | Walgreens – LaMarque | 0.3% | 03/14/2013 | 04/22/2013 | |||||||||||
Property | 1.07 | HH Gregg | 0.3% | 03/14/2013 | 03/21/2013 | |||||||||||
Property | 1.08 | Walgreens – Batesville | 0.3% | 03/14/2013 | 03/19/2013 | |||||||||||
Property | 1.09 | Ruth’s Chris – Metairie | 0.2% | 03/19/2013 | 03/15/2013 | |||||||||||
Property | 1.10 | PetSmart – Central Park | 0.2% | 03/14/2013 | 03/22/2013 | |||||||||||
Property | 1.11 | Allstate Insurance Call Center | 0.2% | 03/21/2013 | 03/17/2013 | |||||||||||
Property | 1.12 | Walgreens – Newton | 0.2% | 03/22/2013 | 03/21/2013 | |||||||||||
Property | 1.13 | Walgreens – DeSoto | 0.2% | 03/14/2013 | 04/22/2013 | |||||||||||
Property | 1.14 | PetSmart – Chattanooga | 0.2% | 03/18/2013 | 03/15/2013 | |||||||||||
Property | 1.15 | Tractor Supply Company – LaGrange | 0.2% | 03/21/2013 | 03/17/2013 | |||||||||||
Property | 1.16 | CVS – Atlanta (MLK) | 0.2% | 03/21/2013 | 03/22/2013 | |||||||||||
Property | 1.17 | Logan’s Roadhouse – Trussville | 0.2% | 03/14/2013 | 03/12/2013 | |||||||||||
Property | 1.18 | CVS – Lincoln | 0.2% | 03/14/2013 | 03/20/2013 | |||||||||||
Property | 1.19 | Tractor Supply Company – Malone | 0.2% | 03/21/2013 | 03/21/2013 | |||||||||||
Property | 1.20 | Ashley Furniture – Anderson | 0.2% | 03/20/2013 | 03/20/2013 | |||||||||||
Property | 1.21 | CVS – Richardson | 0.1% | 03/14/2013 | 04/19/2013 | |||||||||||
Property | 1.22 | CVS – Alpharetta | 0.1% | 03/14/2013 | 03/14/2013 | |||||||||||
Property | 1.23 | United Supermarket | 0.1% | 03/14/2013 | 04/24/2013 | |||||||||||
Property | 1.24 | CVS – Portsmouth | 0.1% | 03/14/2013 | 04/19/2013 | |||||||||||
Loan | 2 | 15 MetroTech Center(28) | 7.4% | 07/23/2013 | 07/22/2013 | Refinance | Forest City Enterprises, Inc. | Forest City Enterprises, Inc. | ||||||||
Loan | 3 | The Center Building(29) | 5.8% | 08/12/2013 | 08/05/2013 | Acquisition | Madison Marquette; Perella Weinberg Partners | Madison Realty Partnership LLC | ||||||||
Loan | 4 | The Galleria - 115 East 57th Street | 4.9% | 11/12/2012 | 11/12/2012 | Refinance | Joseph Moinian | Joseph Moinian | ||||||||
Loan | 5 | Plaza Frontenac | 4.8% | 07/29/2013 | 08/01/2013 | Refinance | GGPLP L.L.C. | GGPLP L.L.C. | ||||||||
Loan | 6 | Bay View Community MHC(29) | 3.7% | 08/07/2013 | 08/06/2013 | Refinance | Ray Roeder | Ray Roeder | ||||||||
Loan | 7 | NorthPointe Apartments | 3.6% | 07/22/2013 | 07/16/2013 | Acquisition | The Suffolk Family Trust; Kenneth M. Lapine | The Suffolk Family Trust; Kenneth M. Lapine | ||||||||
Loan | 8 | Washington Group Plaza | 3.3% | 03/04/2013 | 03/04/2013 | Acquisition | Second City Capital Partners II, Limited Partnership | Second City Capital Partners II, Limited Partnership | ||||||||
Loan | 9 | Whippletree Village MHC | 3.1% | 05/23/2013 | 05/24/2013 | Refinance | RHP Properties | Ross H. Partrich | ||||||||
Loan | 10 | El Paseo I & II | 3.0% | 06/24/2013 | 06/23/2013 | Refinance | Bruce M. Kahl; Joseph Goveia | Bruce M. Kahl; Joseph Goveia | ||||||||
Loan | 11 | Countrywood Crossing(30) | 2.9% | 04/17/2013 | 04/15/2013 | Refinance | Inland Private Capital Corporation | Inland Private Capital Corporation | ||||||||
Loan | 12 | Colinx Industrial Building | 2.8% | 02/15/2013 | 02/15/2013 | Refinance | Kopcan LLC | Thomas J. Cannava; Chester L. Koprovic; John A. Hagen | ||||||||
Loan | 13 | The Ritz Tower | 2.8% | 07/09/2013 | 07/09/2013 | Refinance | The Ritz Tower, Inc. | NAP | ||||||||
Loan | 14 | DP II Portfolio | 2.7% | Refinance | Clairvue Capital Partners | Clairvue Capital Partners | ||||||||||
Property | 14.01 | Butterfield Office Plaza | 0.8% | 05/29/2013 | 06/06/2013 | |||||||||||
Property | 14.02 | University Corporate Center | 0.7% | �� | 05/28/2013 | 06/06/2013 | ||||||||||
Property | 14.03 | Willowbrook Industrial Park | 0.4% | 05/28/2013 | 06/09/2013 | |||||||||||
Property | 14.04 | Elmhurst Metro Court | 0.4% | 05/30/2013 | 06/09/2013 | |||||||||||
Property | 14.05 | Tower Lane Business Park | 0.3% | 06/01/2013 | 06/06/2013 | |||||||||||
Loan | 15 | Saratoga & WestShore(29) | 2.4% | Refinance | Sand Hill Property Company | Peter Pau | ||||||||||
Property | 15.01 | Saratoga Office Center | 1.7% | 04/30/2013 | 04/30/2013 | |||||||||||
Property | 15.02 | WestShore Office Park | 0.6% | 04/30/2013 | 04/30/2013 | |||||||||||
Loan | 16 | Doubletree Midland | 2.1% | 03/21/2013 | 03/21/2013 | Refinance | Shafik A. Tejani; Noorali Karim | Shafik A. Tejani; Noorali Karim | ||||||||
Loan | 17 | Sheraton Baltimore Inner Harbor(30) | 2.1% | 05/30/2013 | 05/29/2013 | Refinance | Willard Hackerman | Willard Hackerman | ||||||||
Loan | 18 | Bridgeview Apartments(29) | 2.0% | 07/24/2013 | 07/24/2013 | Acquisition | Louis J. Rogers | CSRA Bridgeview Apartments Master Lessee, LLC; Louis J. Rogers | ||||||||
Loan | 19 | Falls of Birchbrook | 1.6% | 06/17/2013 | 06/18/2013 | Refinance | Rao J. Polavarapu | Rao J. Polavarapu | ||||||||
Loan | 20 | Aspen Heights Apartments | 1.5% | 05/20/2013 | 05/14/2013 | Acquisition | Vesper Holdings, LLC | Isaac Sitt; Elliot Tamir | ||||||||
Loan | 21 | Hampton Inn & Suites - Little Rock | 1.5% | 08/26/2013 | 08/26/2013 | Refinance | McKibbon Hotel Group, Inc. | McKibbon Hotel Group, Inc. | ||||||||
Loan | 22 | Santa Monica Honda | 1.4% | 07/26/2013 | 07/26/2013 | Acquisition | Sterling Capital, LP | Alex Nehorai | ||||||||
Loan | 23 | Yucaipa Valley Commercial Center | 1.3% | 07/22/2013 | 07/22/2013 | Refinance | Chapman Investment Company | Chapman Investment Company | ||||||||
Loan | 24 | Premier Hotel Portfolio | 1.3% | Refinance | Premier Hospitality Management, Inc | Rajendra K. Patel | ||||||||||
Property | 24.01 | Holiday Inn Express McAlester | 0.7% | 07/25/2012 | 07/24/2012 | |||||||||||
Property | 24.02 | Holiday Inn Express Shawnee | 0.6% | 07/27/2012 | 07/24/2012 | |||||||||||
Loan | 25 | Uma Hospitality Portfolio | 1.3% | Acquisition | Avadhesh Agarwal; Uma Agarwal; Dilip Hari | Avadhesh Agarwal; Uma Agarwal; Dilip Hari | ||||||||||
Property | 25.01 | Doubletree | 0.8% | 05/21/2013 | 05/22/2013 | |||||||||||
Property | 25.02 | Hampton Inn | 0.5% | 05/21/2013 | 05/22/2013 | |||||||||||
Loan | 26 | Gateway Industrial Center | 1.2% | 05/15/2013 | 05/16/2013 | Acquisition | Andra Michele Rush | Andra Michele Rush | ||||||||
Loan | 27 | 201 North Charles Street | 1.2% | 06/12/2013 | 06/12/2013 | Acquisition | Jonathan Ehrenfeld | Jonathan Ehrenfeld | ||||||||
Loan | 28 | University of Arkansas Hospitality Portfolio | 1.1% | Refinance | Krushiker Hospitality Group, Inc. | Narendra Krushiker; Ila Krushiker | ||||||||||
Property | 28.01 | Homewood Suites | 0.6% | 05/24/2013 | 05/28/2013 | |||||||||||
Property | 28.02 | Holiday Inn Express | 0.5% | 05/28/2013 | 05/28/2013 | |||||||||||
Loan | 29 | Legacy Parc Apartments | 1.1% | 06/24/2013 | 06/24/2013 | Acquisition | Build-us-Back | Jordan Kavana | ||||||||
Loan | 30 | Waterview Office Center | 0.4% | 07/29/2013 | 07/26/2013 | Refinance | Andrew J. Segal | Andrew J. Segal | ||||||||
Loan | 31 | Forest Park Gardens | 0.3% | 07/29/2013 | 07/25/2013 | Refinance | Andrew J. Segal | Andrew J. Segal | ||||||||
Loan | 32 | Forest Abrams Place | 0.3% | 07/29/2013 | 07/30/2013 | Refinance | Andrew J. Segal | Andrew J. Segal | ||||||||
Loan | 33 | 1010 Midtown Retail | 1.0% | 06/10/2013 | 06/11/2013 | Acquisition | The Ardent Companies | Dror Bezalel; Matthew Shulman; Todd Terwilliger | ||||||||
Loan | 34 | Wicker Park Portfolio | 1.0% | Refinance | David Dushey | David Dushey | ||||||||||
Property | 34.01 | 1657 North Damen Avenue | 0.2% | 02/08/2013 | 07/25/2013 | |||||||||||
Property | 34.02 | 1645 North Damen Avenue | 0.2% | 02/08/2013 | 07/25/2013 | |||||||||||
Property | 34.03 | 1630 North Damen Avenue | 0.2% | 07/25/2013 | 07/25/2013 | |||||||||||
Property | 34.04 | 1639 North Damen Avenue | 0.2% | 02/08/2013 | 07/25/2013 | |||||||||||
Property | 34.05 | 1649 North Damen Avenue | 0.1% | 02/08/2013 | 07/25/2013 | |||||||||||
Property | 34.06 | 1543 North Milwaukee Avenue | 0.1% | 07/25/2013 | 07/25/2013 | |||||||||||
Loan | 35 | Pointe at Steeplechase Apartments | 1.0% | 06/03/2013 | 05/31/2013 | Refinance | Michael E. Novelli; Ken Lawrence; Moriah Houston, LLC | Michael E. Novelli; Ken Lawrence; Moriah Houston, LLC | ||||||||
Loan | 36 | Netherwood Apartments | 1.0% | 07/01/2013 | 06/27/2013 | Acquisition | Brandon Cooper; Benjamin Hester | Brandon Cooper; Benjamin Hester | ||||||||
Loan | 37 | Fairfield Inn & Suites Beachwood | 0.9% | 06/13/2013 | 06/13/2013 | Refinance | Mark G. Laport; Richard L. Branca | Mark G. Laport; Richard L. Branca | ||||||||
Loan | 38 | Marabou Mills and Aragon Woods | 0.9% | Recapitalization | Arbor Realty SR, Inc. | Arbor Realty SR, Inc. | ||||||||||
Property | 38.01 | Marabou Mills | 0.7% | 11/30/2012 | 05/20/2013 | |||||||||||
Property | 38.02 | Aragon Woods | 0.2% | 11/30/2012 | 05/20/2013 | |||||||||||
Loan | 39 | 38 Commerce | 0.9% | 03/14/2013 | 03/14/2013 | Acquisition | Maplegrove | James F. Anderton, IV | ||||||||
Loan | 40 | El Sol Real | 0.8% | 06/12/2013 | 06/12/2013 | Refinance | Michael E. Novelli; Ken Lawrence; Moriah Houston, LLC | Michael E. Novelli; Ken Lawrence; Moriah Houston, LLC | ||||||||
Loan | 41 | Village at Northshore | 0.7% | 06/18/2013 | 06/18/2013 | Acquisition | Michael C. McMillen, Jr.; Michael A. Klump | Michael C. McMillen, Jr.; Michael A. Klump | ||||||||
Loan | 42 | 1 Apollo Drive | 0.7% | 06/21/2013 | 06/14/2013 | Refinance | Phoenix Investors | Irrevocable Children’s Trust; Irrevocable Children’s Trust No. 2; David Marks | ||||||||
Loan | 43 | Cronacher Portfolio | 0.7% | Refinance | Roy W. Cronacher, Jr. | Roy W. Cronacher, Jr. | ||||||||||
Property | 43.01 | Walgreens - St. Clair Shores | 0.4% | 06/18/2013 | 06/15/2013 | |||||||||||
Property | 43.02 | Rite Aid - Watervliet | 0.3% | 06/18/2013 | 06/20/2013 | |||||||||||
Loan | 44 | Storage Pros Portfolio | 0.7% | Refinance | Ian Burnstein; David Levenfeld | Ian Burnstein; David Levenfeld | ||||||||||
Property | 44.01 | Storage Pros Wyoming | 0.3% | 07/23/2013 | 07/23/2013 | |||||||||||
Property | 44.02 | Storage Pros Grand Rapids | 0.2% | 07/19/2013 | 07/19/2013 | |||||||||||
Property | 44.03 | Storage Pros Romulus | 0.2% | 07/19/2013 | 07/19/2013 | |||||||||||
Loan | 45 | Southwest Oaks | 0.6% | 06/13/2013 | 06/13/2013 | Refinance | Lisa M. Kramer | Lisa M. Kramer | ||||||||
Loan | 46 | Sumter Crossing | 0.6% | 06/11/2013 | 06/27/2013 | Acquisition | Michael D. Reynolds | Michael Reynolds; Reynolds Revocable Trust | ||||||||
Loan | 47 | Southwind and Woodland Apartments | 0.6% | 05/20/2013 | 05/20/2013 | Refinance | Ike W. Thrash | Ike W. Thrash | ||||||||
Loan | 48 | LaQuinta Inn & Suites Grand Prairie | 0.5% | 06/06/2013 | 06/05/2013 | Refinance | Raj Chudasama; Nina Chudasama; Paresh Patel; Nimesh Patel; Piyush Patel; Nitinkumar Patel; Urmilaben Patel | Raj Chudasama; Nina Chudasama; Paresh Patel; Nimesh Patel; Piyush Patel; Nitinkumar Patel; Urmilaben Patel | ||||||||
Loan | 49 | Lake Village MHC | 0.5% | 05/29/2013 | 05/23/2013 | Refinance | RHP Properties | Ross H. Partrich | ||||||||
Loan | 50 | Sterling Heights | 0.4% | 04/26/2013 | 04/26/2013 | Refinance | Sam Mark | Sam Mark | ||||||||
Loan | 51 | Holiday Inn Express Hotel & Suites Youngstown | 0.4% | 03/01/2013 | 03/01/2013 | Refinance | Mahendra Shah; Cecil Desai | Mahendra Shah; Cecil Desai | ||||||||
Loan | 52 | Hastings Self Storage | 0.4% | 06/13/2013 | 06/14/2013 | Refinance | Claire E. Podolski; Anthony J. Tarricone; Joseph A. Tarricone | Claire E. Podolski; Anthony J. Tarricone; Joseph A. Tarricone | ||||||||
Loan | 53 | Days Inn Laredo | 0.4% | 07/03/2013 | 07/02/2013 | Refinance | Dinesh Bhakta; Ramesh Bhaga; Jagdishkumar Bhakta; Sanmukhbhai Bhakta; Manish J. Bhakta | Dinesh Bhakta; Ramesh Bhaga; Jagdishkumar Bhakta; Sanmukhbhai Bhakta; Manish J. Bhakta | ||||||||
Loan | 54 | Smart & Final Murrieta | 0.3% | 08/09/2013 | 08/09/2013 | Refinance | Matthew J. Heslin; Bradley A. Becker | Matthew J. Heslin; Bradley A. Becker | ||||||||
Loan | 55 | Red Roof Inn Laredo | 0.3% | 07/03/2013 | 07/01/2013 | Refinance | Anand Bhakta; Manish J. Bhakta; Rajesh Bhakta; Jatin J. Bhakta | Anand Bhakta; Manish J. Bhakta; Rajesh Bhakta; Jatin J. Bhakta | ||||||||
Loan | 56 | Walgreens - Mt. Pleasant | 0.3% | 06/16/2013 | 06/14/2013 | Refinance | Roy W. Cronacher, Jr. | Roy W. Cronacher, Jr. | ||||||||
Loan | 57 | Cooper Common Plaza | 0.2% | 05/30/2013 | 06/02/2013 | Refinance | Donald K. Benedict; Deborah Benedict | Donald K. Benedict; Deborah Benedict |
A-1-8
FOOTNOTES TO ANNEX A-1
(1) | LCF— Ladder Capital Finance LLC or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates. |
(2) | LCF— Ladder Capital Finance LLC or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates. |
(3) | Loan No. 2 – 15 MetroTech Center – The Original Balance and Cut-off Date Balance of $80.0 million represent the Note A-2-A and Note A-2-B of a $170.0 million whole loan evidenced by four pari passu notes. The pari passu companion loans are evidenced by Note A-1-A in the original principal amount of $45.0 million, which as of the closing date is held by LCF or an affiliate thereof (which may be pledged in connection with a repurchase financing agreement) and Note A-1-B in the original principal amount of $45.0 million, which as of the closing date is held by Bank of America, N.A. or an affiliate thereof. |
(4) | With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount related to such Mortgaged Property. |
(5) | Loan No. 7 – NorthPointe Apartments – The NorthPointe Apartments Mortgaged Property’s Net Rentable Area (SF/Units/Rooms/Pads/Beds) of 949 units reflects residential units only and excludes two commercial units. |
Loan No. 34 – Wicker Park Portfolio – The Wicker Park Portfolio Mortgaged Properties’ Net Rentable Area (SF/Units/Rooms/Pads/Beds) includes both retail and multifamily square footage. | |
(6) | Loan No. 12 – Colinx Industrial Building – The Colinx Industrial Building Mortgage Loan has an ARD feature with an anticipated repayment date of August 5, 2023, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of August 5, 2043 of the sum of 4.0000% plus the greater of (i) 5.3200% and (ii) the then current 10-year swap yield. |
(7) | Loan No. 5 – Plaza Frontenac – The First Payment Date under the Plaza Frontenac Mortgage Loan documents will be in November 2013. The related Mortgage Loan Seller will remit to the depositor on the closing date a payment in an amount equal to 30 days of interest for the interest accrual period relating to the first distribution date in October 2013 at the related interest rate on the principal balance of the Plaza Frontenac Mortgage Loan as of the Cut-off Date. Such amount will be deposited into the distribution account and will be included in the funds available for the first distribution date in October 2013. The First Payment Date, Original Term to Maturity or ARD, Remaining Term to Maturity or ARD, Remaining Interest Only Period and Prepayment Provisions (# of payments) have been adjusted to reflect this additional payment being made by the related Mortgage Loan Seller. |
Loan No. 18 – Bridgeview Apartments – The First Payment Date under the Bridgeview Apartments Mortgage Loan documents will be in November 2013. The related Mortgage Loan Seller will remit to the depositor on the closing date a payment in an amount equal to 30 days of interest for the interest accrual period relating to the first distribution date in October 2013 at the related interest rate on the principal balance of the Bridgeview Apartments Mortgage Loan as of the Cut-off Date. Such amount will be deposited into the distribution account and will be included in the funds available for the first distribution date in October 2013. The First Payment Date, Original Term to Maturity or ARD, Remaining Term to Maturity or ARD, Remaining Interest Only Period and Prepayment Provisions (# of payments) have been adjusted to reflect this additional payment being made by the related Mortgage Loan Seller. |
A-1-9
(8) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the master servicing fee, sub-servicing fee, primary fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan, and with respect to any Non-Serviced Mortgage Loan, any related Pari Passu Loan Primary Servicing Fee Rate. |
(9) | Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service, the average of such interest only payments). |
Loan No. 15 – Saratoga & WestShore – The Saratoga & WestShore Mortgage Loan and related mezzanine loan each amortize on a planned amortization schedule which can be found in Annex H of this Free Writing Prospectus. As such, the Cut-off Date Balance, Maturity or ARD Balance, Monthly Debt Service, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD all reflect such planned amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments during the first 12 months following the Cut-off Date. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using such average monthly debt service. | |
(10) | “Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
Loan No. 18 – Bridgeview Apartments – As of the Cut-off Date, the Lockbox is “Soft” and the Cash Management is “In Place.” In the event that the mezzanine loan is repaid, the Lockbox will convert to “Springing Soft” and the Cash Management will convert to “Springing.” | |
(11) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents). |
A-1-10
Loan No. 18 – Bridgeview Apartments – As of the Cut-off Date, the Lockbox is “Soft” and the Cash Management is “In Place.” In the event that the mezzanine loan is repaid, the Lockbox will convert to “Springing Soft” and the Cash Management will convert to “Springing.” | |
(12) | Loan No. 2 – 15 MetroTech Center – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) are calculated based on the 15 MetroTech Center Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. |
Loan Nos. 30, 31 and 32 – Waterview Office Center, Forest Park Gardens and Forest Abrams Place – The Mortgage Loans are cross-collateralized and cross-defaulted. As such, Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated on an aggregate basis. | |
(13) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this Free Writing Prospectus. |
(14) | Loan No. 12 – Colinx Industrial Building – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value as of February 1, 2014. At the time of the appraisal, the borrower was in the process of expanding the Colinx Industrial Building Mortgaged Property by 209,225 sq. ft. thus increasing the size of the property to 881,575 sq. ft. by May 2014. |
Loan No. 13 – The Ritz Tower – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the value estimate reflected in the appraisal determined as if The Ritz Tower Mortgaged Property was operated as a multifamily rental property. See “Description of the Mortgage Pool – Additional Mortgage Loan Information – Certain Characteristics of Mortgage Loans Secured by Residential Cooperatives” in this Free Writing Prospectus for more information. | |
(15) | Loan No. 13 – The Ritz Tower – Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Underwritten NOI DSCR, Underwritten NCF DSCR and underwritten values are based on the projected net operating income (subject to certain adjustments) reflected in the appraisal of the property which assumes the property is operated as a multifamily rental property with rents and other income set at prevailing market rates (but taking into account the presence of existing rent regulated or rent-controlled rental tenants as and if deemed appropriate by the appraiser). See “Description of the Mortgage Pool – Additional Mortgage Loan Information – Certain Characteristics of Mortgage Loans Secured by Residential Cooperatives” in this Free Writing Prospectus for more information. |
(16) | Prepayment Provisions (# of payments) are shown from the respective Mortgage Loan First Payment Date. |
“L(x)” means lock-out for x payments. | |
“D(x)” means may be defeased for x payments. | |
“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. | |
“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge. |
A-1-11
“D(x) or YM1(x)” means may be (a) defeased for x payments or (b) be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. | |
“O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. | |
Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this Free Writing Prospectus. For additional information, see “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases” in this Free Writing Prospectus. | |
Loan No. 1 – Spirit Cole Portfolio –The release of individual Mortgaged Properties is permitted after lockout period; requires yield maintenance payment or 1% of the amount being prepaid (whichever is greater). | |
Loan No. 2 – 15 MetroTech Center – The defeasance lockout period will be at least two years after the closing date. Prepayment of the full $170.0 million 15 MetroTech Center Loan Combination is permitted at any time but defeasance is only permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) August 2, 2016. The 15 MetroTech Center companion loans will not, as of the closing date, have been included in a securitization. | |
Loan No. 5 – Plaza Frontenac – The release of certain vacant, non-income producing and unimproved collateral is permitted. | |
Loan No. 7 – NorthPointe Apartments – After the expiration of the lockout period, the release of a vacant, non-income producing portion of the collateral is permitted. | |
Loan No. 8 – Washington Group Plaza – After the expiration of the lockout period, (i) partial release of an individual Mortgaged Property with partial defeasance is permitted and (ii) the release of the undeveloped land parcel without a defeasance payment is permitted. | |
Loan No. 14 – DP II Portfolio – After the expiration of the lockout period, partial release of an individual Mortgaged Property with partial defeasance is permitted. | |
Loan No. 15 – Saratoga & WestShore – After the expiration of the lockout period, (i) partial release of an individual Mortgaged Property with partial defeasance is permitted and (ii) the release of an unimproved parcel without a defeasance payment is permitted. | |
Loan No. 24 – Premier Hotel Portfolio – After the expiration of the lockout period, partial release of an individual Mortgaged Property with partial defeasance is permitted. | |
Loan No. 25 – Uma Hospitality Portfolio – After the expiration of the lockout period, partial release of an individual Mortgaged Property with partial defeasance is permitted. | |
Loan No. 28 – University of Arkansas Hospitality Portfolio – After the expiration of the lockout period, partial release of an individual Mortgaged Property with partial defeasance is permitted. | |
Loan No. 34 – Wicker Park Portfolio – The Wicker Park Portfolio Mortgage Loan permits release of the entire Mortgaged Property only in connection with a defeasance after the expiration of the defeasance lockout period. However, at any time prior to the open period, an individual Mortgaged Property may be released in connection with a partial prepayment and the payment of a yield maintenance premium or 1% of the amount being prepaid (whichever is greater), and subject to the satisfaction of various conditions, including that the Wicker Park Portfolio Mortgage Loan may not be partially prepaid below $5,000,000. |
A-1-12
Loan No. 43 – Cronacher Portfolio – After the expiration of the lockout period, partial release of an individual Mortgaged Property with partial defeasance is permitted. | |
Loan No. 44 – Storage Pros Portfolio – After the expiration of the lockout period, partial release of an individual Mortgaged Property with partial defeasance is permitted. | |
(17) | Loan No. 1 – Spirit Cole Portfolio – The Ruth’s Chris – Metairie Mortgaged Property is subject to a right of way lease agreement between the borrower (as lessee) and Parish of Jefferson (as lessor). The lessor ground leases a surface area to the lessee for the purpose of parking on the right of way and which can only be used for customer parking in the normal course of business. There is an annual payment to the Parish of Jefferson in the amount of $2,240, payable on or before January 15th of each year. |
Loan No. 12 – Colinx Industrial Building – The collateral for the Colinx Industrial Building Mortgage Loan consists of both the fee and leasehold interests in the Colinx Industrial Building Mortgaged Property. | |
Loan No. 17 – Sheraton Baltimore Inner Harbor – The Sheraton Baltimore Inner Harbor Mortgaged Property consists of both a fee simple interest (owned by Hotel Reversionary Interest, Inc., a borrower) and two leasehold interests (owned by BH Center LP, LLC and IHM Subtenant, LLC, each a borrower). The leasehold interests are subordinate to the fee interest and each borrower holding a leasehold interest joined in the fee mortgage. | |
(18) | The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests: |
Loan No. 2 – 15 MetroTech Center – The 15 MetroTech Center Mortgaged Property is subject to a ground lease with an expiration date of December 31, 2100 and no extension options. The ground rent calculation is based on an annual minimum rent of $855,000 and supplemental annual rent of $335,173 through June 2015 and $494,708 through the balance of the 15 MetroTech Center Mortgage Loan term. | |
Loan No. 12 – Colinx Industrial Building – Majority and material portion of the Colinx Industrial Building Mortgaged Property is subject to a ground lease. The ground lease terminates during the term of the Colinx Industrial Building Loan, but borrower has a purchase right for a nominal sum and is required pursuant to the terms of the Colinx Industrial Building Loan documents to exercise such right. In addition, the ground lessor’s leasehold interest is subordinated to the lender’s mortgage. Except as stated in previous sentence, there are no exceptions to Rep #34. Rent has been prepaid. The ground lease also acts as a Payment In Lieu of Taxes Agreement. | |
Loan No. 13 – The Ritz Tower – The Ritz Tower Mortgaged Property consists of (1) a fee interest in a condominium unit within a 2-unit condominium where the condominium owns the land in fee and (2) a tenant-in-common interest (together with the other condominium owner) in a ground lease. The ground lease has an expiration date of May 31, 2086 and has one 99-year extension option. The full ground rent payment is $1,107,819 per annum and is adjusted annually each January 1st based upon changes in the CPI and borrower’s portion of the ground rent is 20%. | |
Loan No. 27 – 201 North Charles Street – The 201 North Charles Street Mortgaged Property is subject to two ground leases: a primary ground lease covering the 201 North Charles Street Mortgaged Property (the “Primary Lease”) and a parking access sub-ground lease (the “Parking Lease”). The Primary Lease has an expiration date of August 31, 2112 and no further extension options. The next annual ground rent payment under the Primary Lease is due October 1, 2013 in the amount of $22,500. The Parking Lease has an expiration date of November 11, 2033 with 11 |
A-1-13
seven-year extension options and one two-year extension option remaining. The next annual ground rent payment under the Parking Lease is due May 12, 2014 in the amount of $32,067. | |
(19) | The following tenants that occupy 5% or greater of the net rentable area at the property are borrower affiliates: |
Loan No. 4 – The Galleria - 115 East 57th Street – The 2nd Largest Tenant, Kickstart c/o The Moinian Group, which is an affiliate of the borrower, leases 13.8% of the net rentable area at the Galleria - 115 East 57th Street Mortgaged Property. | |
Loan No. 26 – Gateway Industrial Center – The Largest Tenant, DMS, which is an affiliate of the borrower, leases 46.6% of the net rentable area at the Gateway Industrial Center Mortgaged Property and the 5th Largest Tenant, Rush Trucking Corporation, which is an affiliate of the borrower, leases 3.6% of the net rentable area at the Mortgaged Property. | |
(20) | Loan No. 8 – Washington Group Plaza – The Largest Tenant, URS, leases 34.7% of the net rentable area at the Washington Group Plaza Mortgaged Property until December 31, 2015 except the suite 107, 2,878 sq. ft. or 0.5% of the net rentable area at the Washington Group Plaza Mortgaged Property which expires January 31, 2014. |
(21) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the borrower or upon the occurrence of certain contingencies including, without limitation, if the borrower violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are early non-contingent termination options for those tenants listed in Annex A-1: |
Loan No. 1 – Spirit Cole Portfolio – The Walgreens – LaMarque Mortgaged Property tenant expiration of June 30, 2020 represents the termination option of the lease and Walgreens has a full lease term expiration of June 30, 2060. The Walgreens – Newton Mortgaged Property tenant expiration of February 28, 2021 represents the termination option of the lease and Walgreens has a full lease term expiration of February 28, 2061. The Walgreens – Batesville Mortgaged Property tenant expiration of October 31, 2032 represents the termination option of the lease and Walgreens has a full lease term expiration of October 31, 2082. The Walgreens – DeSoto Mortgaged Property tenant expiration of November 30, 2017 represents the termination option of the lease and Walgreens has a full lease term expiration of November 30, 2057. | |
Loan No. 3 – The Center Building – The 2nd Largest Tenant, NYC Transit Authority, has the right to terminate its lease effective April 2015, with nine months prior notice. The 3rd Largest Tenant, Quadlogic Control Corporation, has the right to terminate its lease effective June 2017, with 18 months prior notice and payment of a termination fee. The 4th Largest Tenant, NYC Department of Cultural Affairs, has the right to terminate its lease effective May 2018, with 12 months prior notice and payment of a termination fee. The 5th Largest Tenant, NYC Office of Court Administration, has the right to terminate its lease effective any of November 2016, November 2019 and November 2022, with nine months prior notice and payment of a termination fee. |
A-1-14
Loan No. 4 – The Galleria - 115 East 57th Street – The 3rd Largest Tenant, Park Lex Corp., has the right to terminate its lease at any time upon four months prior written notice and payment of a termination fee equal to six times the base rent payable by Park Lex Corp. in the month immediately preceding the month in which the lease will terminate. | |
Loan No. 8 – Washington Group Plaza – The 3rd Largest Tenant, The United States Attorney's Office may terminate its lease at any time on or after May 20, 2014 upon 90 days prior written notice. There is no penalty in connection with the early termination of the lease. | |
Loan No. 14 – DP II Portfolio – The Largest Tenant at the Butterfield Office Plaza Mortgaged Property, Chiro One Wellness Centers, LLC may terminate its lease effective December 31, 2015, upon 12 months prior notice and payment of a termination fee in the amount of $122,000. | |
Loan No. 23 – Yucaipa Valley Commercial Center – The 2nd Largest Tenant, TJ Maxx, has the right to terminate its lease: (i) if the borrower does not commence construction work prior to October 1, 2013, (ii) if construction work is not substantially completed prior to February 1, 2014, (iii) if the premises contains less than 22,700 sq. ft. after the completion of construction work, (iv) if initial co-tenancy requirements (as described in TJ Maxx’s lease) are not satisfied within one year of the lease commencement or (v) if ongoing co-tenancy requirements (as described in TJ Maxx’s lease) are not satisfied for 720 consecutive days. | |
Loan No. 26 – Gateway Industrial Center – The 3rd Largest Tenant, NTS, has the right to terminate its lease in January 2014 upon six months prior notice (which was not exercised) and has a termination option every six months thereafter upon six months prior notice. | |
Loan No. 27 – 201 North Charles Street – The 2nd Largest Tenant, Bennett & Albright, PA, has the right to terminate its lease with 60 days prior notice and payment of a termination fee equal to $3,757 for each month remaining in the lease term in the event of death or permanent disability of Robert Bennett. The 5th Largest Tenant, Recovery Network, has the right to terminate its lease effective March 31, 2015 with 180 days prior notice and payment of a termination fee equal to $94,835. Recovery Network also has the right to terminate its lease with respect to a portion of the Demised Premises (as defined in the Recovery Network lease) with 180 days prior notice and payment of a termination fee equal to $32,310. | |
Loan No. 33 – 1010 Midtown Retail – The Largest Tenant, CB2, has a termination option, provided gross sales are less than $4.75 million, from September 2015 through October 2016. | |
Loan No. 41 – Village at Northshore – If rent commencement does not occur by April 2014, the lease for the 4th Largest Tenant, Baskins Western Wear, will terminate. | |
Loan No. 46 – Sumter Crossing – The 3rd Largest Tenant, Verizon Wireless, has a termination option in September 2015 with six months prior notice and payment of a termination fee. | |
(22) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 2 – 15 MetroTech Center – The Largest Tenant at the 15 MetroTech Center Mortgaged Property, WellPoint Holding Corp., currently subleases 91.8% of its space. The underwriting for the 15 MetroTech Center Mortgage Loan is based on the WellPoint Holding Corp. lease. | |
Loan No. 8 – Washington Group Plaza – The Largest Tenant at the Washington Group Plaza Mortgaged Property, URS, is currently subleasing 28,022 sq. ft. to the State of Idaho and 18,733 sq. ft. to St. Luke’s Regional Medical Center, Ltd. through the end of the URS lease term of December 31, 2015. |
A-1-15
Loan No. 12 – Colinx Industrial Building – The Largest Tenant at the Colinx Industrial Building Mortgaged Property, Colinx LLC, is subleasing 158,009 sq. ft. to Baldor, 128,705 sq. ft. to Gates, 142,660 sq. ft. to Schaeffler, 207,955 sq. ft. to SKF and 244,246 sq. ft. to Timken through the end of the Colinx LLC lease term of December 31, 2027. | |
Loan No. 42 – 1 Apollo Drive – The Largest Tenant at the 1 Apollo Drive Mortgaged Property, Niagara Mohawk Power Corporation, is currently subleasing 8,042 sq. ft. to Tribune Media Services, LLC. Both Niagara Mohawk Power Corporation and Tribune Media Services, LLC have signed new direct leases with the borrower which commence in January 2014 and the underwriting for the loan is based on these new direct leases. | |
(23) | The tenants shown on Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization. |
Loan No. 4 – The Galleria - 115 East 57th Street – The Largest Tenant, Spa Castle, has signed a lease for 40,275 sq. ft. of the gross leasable area at The Galleria - 115 East 57th Street Mortgaged Property commencing in September 1, 2013. The tenant is constructing its own space and is expected to open for business in September 2014. | |
Loan No. 10 – El Paseo I & II – The 2nd Largest Tenant, BevMo!, has signed a lease for 7,750 sq. ft. but not yet taken occupancy. The tenant has a termination right if certain contingencies are not satisfied. A free rent reserve with respect to the BevMo! lease of $180,510 was taken at loan closing and rent under the BevMo! lease was included in the underwriting. | |
Loan No. 23 – Yucaipa Valley Commercial Center – The 2nd Largest Tenant, TJ Maxx, is currently building out their space and is expected to take occupancy in October 2013. At closing, the borrower deposited $229,994 into a TJ Maxx Penalty Rent Reserve. Such amount is equal to the maximum amount of free rent that could be accrued by TJ Maxx due to non-delivery of its space. These funds will be released once all lien waivers have been received and TJ Maxx is in occupancy and paying full unabated rent. Additionally, the borrower deposited $120,006 into a TJ Maxx Rent Reserve at closing for free rent. | |
Loan No. 33 – 1010 Midtown Retail – 1010 Midtown Retail – The 5th Largest Tenant, Panera, LLC, has signed a lease for 2,916 sq. ft. but has not yet taken occupancy. A rent reserve of $144,000 was taken at loan closing and rent under the Panera, LLC lease was included in the underwriting. | |
Loan No. 34 – Wicker Park Portfolio – The Largest Tenant at the 1657 North Damen Avenue Mortgaged Property, Steven Alan Midwest, LLC, and the Largest Tenant at the 1649 North Damen Avenue Mortgaged Property, Feast, Inc., have not yet taken occupancy of their tenant spaces. A TI/LC reserve of $15,560 and a free rent reserve of $32,676 for Steven Alan Midwest, LLC and a TI/LC reserve of $200,000 and a free rent reserve of $45,088 for Feast, Inc. were taken at loan closing and rent under the Steven Alan Midwest, LLC lease and Feast, Inc. lease was included in the underwriting. | |
(24) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 4 – The Galleria - 115 East 57th Street – The Galleria - 115 East 57th Street Mortgage Loan was structured with a $5,000,000 Accretive Lease holdback reserve. Funds on deposit in the Accretive Lease holdback reserve will be for free rent concessions provided under, and approved expenses incurred in connection with entering into an Accretive Lease. In addition, at such time as the annualized base rent equals or exceeds $7,775,000, upon the delivery by borrower to lender of a written request, lender will disburse to borrower the lesser of (i) the then remaining balance on deposit in the accretive lease holdback subaccount, or (ii) $1,500,000. An “Accretive Lease” means any lease which satisfies the following conditions: (i) has (a) a minimum |
A-1-16
initial term of at least seven years and (b) an initial annual base rent of (1) at least $42.00 PSF at the The Galleria – 115 East 57th Street Mortgaged Property and (ii) the initial annualized base rent under such lease, plus the base rent under all other performing leases in effect at The Galleria – 115 East 57th Street Mortgaged Property on the effective date of such lease equals or exceeds the sum of (a) $6,202,166 and (b) the annualized base rent under all other leases which that have previously been determined by lender to be an Accretive Lease. | |
Loan No. 10 – El Paseo I & II – The El Paseo I & II Mortgage Loan was structured with $1,341,925 of reserves relating to leasing at the Mortgaged Property that could potentially be applied to prepay the principal balance subject to certain conditions. If, as of the monthly payment date in September 2014, the lender determines that (1) the BevMo! lease is no longer in full force and effect and (2) additional (i.e., post-closing) leases approved by lender for equal or greater space are not in effect, then the lender will have the right to apply any or all of such reserves to the principal balance with the borrower being obligated to pay the yield maintenance premium (and the guarantors have guaranteed payment of any such yield maintenance premium). | |
Loan No. 12 – Colinx Industrial Building – The Colinx Industrial Building Mortgage Loan was structured with a $3,785,176 expansion holdback reserve for the work associated with the expansion space. Upon completion of the expansion, which is required by July 12, 2014, lender will release the remaining $3,785,176 of loan proceeds associated with the additional rent attributed to the expansion space. | |
Loan No. 26 – Gateway Industrial Center – The Monthly Replacement Reserves and Monthly TI/LC Reserves are subject to an aggregate cap on the two reserves of $650,000. | |
Loan No. 33 – 1010 Midtown Retail – The 1010 Midtown Retail Mortgage Loan was structured with a $144,000 rent reserve related to Panera, LLC, which has not yet taken occupancy or commenced the payment of rent. The rent reserve represents 12 months of base rent and reimbursements. Each month, the lender will transfer $12,000 from the rent reserve into the TI/LC reserve held by the lender. When Panera, LLC takes occupancy and commences the payment of rent, the balance of the rent reserve will be transferred into the TI/LC reserve. In addition, in the event that CB2 does not exercise its termination option by February 28, 2016, $750,000 of the TI/LC reserve will be released to the borrower. | |
Loan No. 34 – Wicker Park Portfolio – The Wicker Park Portfolio Mortgage Loan was structured with a $1,150,000 performance reserve. Borrower may request lender to re-calculate debt yield and DSCR as frequently as quarterly upon execution of new leases. Some or all of the performance reserve will be released to the borrower if supported by the debt yield and DSCR requirements set forth in the Wicker Park Portfolio Mortgage Loan documents. | |
(25) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents. |
Loan No. 12 – Colinx Industrial Building – The borrower is required to deposit $22,040 into the TI/LC reserve on each payment date until the final completion of the construction project and $16,530 thereafter; subject to a cap of $793,418. If at any time the balance of the TI/LC reserve falls below $250,000, the borrower is required to recommence making monthly deposits of $16,530 until such time as the balance of the TI/LC reserve is again equal to or in excess of $793,418. | |
Loan No. 16 – Doubletree Midland – The borrower is required to deposit $44,250 through December 5, 2013 and 1/12 of 4.0% of prior year's gross revenues for the Doubletree Midland Mortgaged Property thereafter. |
A-1-17
Loan No. 18 – Bridgeview Apartments – The obligation to make monthly deposits into the replacement reserve (equal to 1/12 of $87,000) commences on the earlier to occur of (a) the monthly payment date in November 2016 or (b) the balance in the capital expenditure reserve falling below $225,000. | |
Loan No. 24 – Premier Hotel Portfolio – The borrower is required to deposit on each payment date into the FF&E reserve $15,781 through November 5, 2013 and 1/12 of 4.0% of prior year's Gross Revenues for the Premier Hotel Portfolio Mortgaged Properties thereafter. | |
Loan No. 25 – Uma Hospitality Portfolio – The borrower is required to deposit on each payment date into the FF&E reserve 1/12 of 2.0% of prior year's gross revenues for the first year, 1/12 of 3.0% of prior year's gross revenues for the second year, 1/12 of 4.0% of prior year's gross revenues for the remaining term for the Doubletree Mortgaged Property and 1/12 of 4.0% of prior year's gross revenues for the Hampton Inn Mortgaged Property. | |
Loan No. 28 – University of Arkansas Hospitality Portfolio – The borrower is required to deposit on each payment date into the FF&E reserve 1/12 of 2.0% of prior year's gross revenues for the first two years, 1/12 of 3.0% of prior year's gross revenues for the third year, 1/12 of 4.0% of prior year's gross revenues for the University of Arkansas Hospitality Portfolio Mortgaged Properties for the remaining term. | |
Loan No. 30 – Waterview Office Center – $45,337 was collected as an Upfront Replacement Reserve. If the balance falls below this amount, the borrower must commence monthly deposits at a rate of $0.25 PSF per year until the cap is achieved. In addition, at the end of Waterview Office Center Mortgage Loan years 4 and 8, if the borrower does not provide evidence of completion of capital expenditures equal to no less than $0.60 PSF for the immediately preceding 4 year period, then the borrower will be required to commence monthly deposits for the succeeding 24 month period in a total amount equal to the shortfall in capital expenditures below the required $0.60 PSF (the “Capital Expenditure Additional Deposit Amount”) and the cap on the Monthly Replacement Reserves will be increased by an amount equal to the product of 37.5% and the Capital Expenditure Additional Deposit Amount. | |
Loan No. 31 – Forest Park Gardens – $41,039 was collected as an Upfront Replacement Reserve. If the balance falls below this amount, the borrower must commence monthly deposits at a rate of $0.25 PSF per year until the cap is achieved. In addition, at the end of Forest Park Gardens Mortgage Loan years 4 and 8, if the borrower does not provide evidence of completion of capital expenditures equal to no less than $0.60 PSF for the immediately preceding 4 year period, then the borrower will be required to commence monthly deposits for the succeeding 24 month period in a total amount equal to the shortfall in capital expenditures below the required $0.60 PSF (the “Capital Expenditure Additional Deposit Amount”) and the cap on the Monthly Replacement Reserves will be increased by an amount equal to the product of 34.0% and the Capital Expenditure Additional Deposit Amount. | |
Loan No. 32 – Forest Abrams Place – $34,414 was collected as an Upfront Replacement Reserve. If the balance falls below this amount, the borrower must commence monthly deposits at a rate of $0.25 PSF per year until the cap is achieved. In addition, at the end of Forest Abrams Place Mortgage Loan years 4 and 8, if the borrower does not provide evidence of completion of capital expenditures equal to no less than $0.60 PSF for the immediately preceding 4 year period, then the borrower will be required to commence monthly deposits for the succeeding 24 month period in a total amount equal to the shortfall in capital expenditures below the required $0.60 PSF (the “Capital Expenditure Additional Deposit Amount”) and the cap on the Monthly Replacement Reserves will be increased by an amount equal to the product of 28.5% and the Capital Expenditure Additional Deposit Amount. | |
Loan No. 39 – 38 Commerce – The borrower will be required to deposit on each payment date into the TI/LC reserve $2,490 up to a cap of $120,000 (except that there will be no cap while a |
A-1-18
Deloitte Tenant Event – as defined in the 38 Commerce Mortgage Loan documents – is outstanding). At such time as the balance in the TI/LC reserve equals $120,000, monthly deposits into the TI/LC reserve will not be required until (i) the balance in the TI/LC reserve falls below than $100,000, at which point, monthly deposits will recommence until the balance in the TI/LC reserve equals $120,000, or (ii) a Deloitte Tenant Event occurs, until a Deloitte Tenant Event Cessation occurs with respect to such Deloitte Tenant Event (it being understood that there is no cap on the Monthly TI/LC reserve while a Deloitte Tenant Event – as defined in the 38 Commerce Mortgage Loan documents – remains outstanding). | |
Loan No. 41 – Village at Northshore – Beginning January 6, 2016, Monthly TI/LC Reserves will be $15,910. Beginning December 6, 2016, Monthly TI/LC Reserves will be $7,273. | |
Loan No. 51 – Holiday Inn Express Hotel & Suites Youngstown – Commencing on August 5, 2014 the borrower will be required to deposit on each payment date into the FF&E reserve, 1/12 of 4.0% of prior year's gross revenues for the Holiday Inn Express Hotel & Suites Youngstown Mortgaged Property. | |
(26) | Loan No. 1 – Spirit Cole Portfolio – The Phase I environmental report dated March 22, 2013 recommended the completion of a Phase II assessment to evaluate potential subsurface impacts resulting from underground storage tank systems located at the BJ’s Wholesale Club Mortgaged Property. An environmental insurance policy was obtained in lieu of a Phase II assessment. This environmental insurance policy also includes the Walgreens – Newton Mortgaged Property, the CVS – Lincoln Mortgaged Property and CVS – Atlanta (MLK) Mortgaged Property. Furthermore, the BJ’s Wholesale Club lease provides for an additional environmental indemnification between BJ’s Wholesale Club and the borrower for any environmental concerns relating from the gas station the tenant currently operates on the site. |
With respect to the Mortgage Loan identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this Free Writing Prospectus. |
Mortgage Loan | % of Initial | ||||||||||||||
Loan | Cut-off Date | Outstanding Pool | Maximum Policy | Premium Paid in | |||||||||||
No. | Mortgage Loan | Balance | Balance | Amount | Full | ||||||||||
3 | The Center Building | $62,000,000 | 5.8% | $2,000,000 | Yes |
(27) | Loan No. 14 – DP II Portfolio – The Sponsor and Guarantor for the DP II Portfolio Mortgage Loan is: Clairvue Capital Partners II-TE 1, LP, Clairvue Capital Partners II-TE 2, LP, Clairvue Capital Partners II-T GS, LP, Clairvue Capital Partners II (Offshore) GS, LP and Steven J. Denholtz. |
A-1-19
(28) | Summary of Existing Pari Passu Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | Companion Loan Cut-off Date Balance | Loan Combination Cut-off Date Balance | Loan Combination U/W NCF DSCR | Loan Combination Cut-off Date LTV Ratio | Loan Combination U/W NOI Debt Yield | |||||||
2 | 15 MetroTech Center | $80,000,000 | $90,000,000(1) | $170,000,000 | 1.42x | 62.3% | 11.1% |
(1) Comprised of two pari passu notes with the following Cut-off Date Balances: $45,000,000 (Note A-1-A) and $45,000,000 (Note A-1-B).
(29) | Summary of Existing Mezzanine Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date | Intercreditor Agreement | Total Debt Cut-off Date LTV Ratio | Total Debt U/W NCF DSCR | Total Debt U/W NOI Debt Yield | ||||||||||
3 | The Center Building | $62,000,000 | 5.8% | $10,000,000 | 10.0000% | 10/6/2018 | Yes | 77.4% | 1.43x | 9.8% | ||||||||||
6 | Bay View Community MHC | $40,000,000 | 3.7% | $4,000,000 | 10.0000% | 9/6/2023 | Yes | 69.7% | 1.08x | 7.8% | ||||||||||
15 | Saratoga & WestShore | $25,477,607 | 2.4% | $4,995,609 | 11.2500% | 8/5/2018 | Yes | 68.8% | 1.11x | 8.4% | ||||||||||
18 | Bridgeview Apartments | $21,500,000 | 2.0% | $6,000,000 | 13.0000%(1) | 10/6/2023(2) | Yes | 87.3% | 1.03x(3) | 7.3% |
(1) | Until a prepayment of the Required Paydown Amount (defined below) is made, the interest rate is 14.0000%, with a 12.0000% current pay rate and a 2.0000% accrual rate. Following the mandatory prepayment, the interest rate converts to 13.0000% current pay. The “Required Paydown Amount” is an amount equal to the greater of (a) $3,000,000 and (b) the amount required to reduce the balance of the Bridgeview Apartments mezzanine loan to result in an overall debt yield of at least 8.1% and an LTV ratio of no more than 80%. |
(2) | Required Paydown Amount is required to be paid no later than June 6, 2014. |
(3) | The Total Debt U/W NCF DSCR is based on the $3,000,000 mezzanine loan and a 13.0000% mezzanine loan interest rate. Based upon a $6,000,000 mezzanine loan and a 12.0000% current pay rate, the Total Debt U/W NCF DSCR is 0.88x. The Bridgeview Apartments mortgage loan is interest only for the first 25 payment dates and during this interest only period the Total Debt U/W NCF DSCR based on a $6,000,000 mezzanine loan and a 12.0000% current pay rate is 0.99x. |
(30) | Loan No. 11 – Countrywood Crossing – The borrower under the Countrywood Crossing Mortgage Loan obtained an unsecured loan at closing from the non-recourse carveout guarantor in the original principal amount of $700,000 and the Countrywood Crossing Mortgage Loan documents permit further “key principal loans” from the non-recourse carveout guarantor to the borrower for use in connection with the Countrywood Crossing Mortgaged Property or loan obligations, without the consent of the lender, which key principal loans must be unsecured and payable only out of excess cash flow. |
Loan No. 17 – Sheraton Baltimore Inner Harbor – One of the borrowers under the Sheraton Baltimore Inner Harbor Mortgage Loan, obtained an unsecured loan at closing from the mortgage loan sponsor in the original principal amount of $62,906,555. The unsecured loan is subject to a subordination and standstill agreement. |
A-1-20