FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-193376-04 | ||
COMM 2014-CCRE16 The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-193376) 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., Cantor Fitzgerald & Co., CastleOak Securities, L.P. , KeyBanc Capital Markets Inc. or Credit Suisse Securities (USA) 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 2014-CCRE16 (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 2014-CCRE16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||
% of | Mortgage | Mortgage | Original | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | First | Monthly | Annual | ||||||||||||||||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Balance | Date | Maturity | Property | Property | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Payment | Maturity | ARD Loan | Final | Debt | Debt | ||||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | ($)(3)(4) | Balance($)(3)(4) | or ARD Balance($) | Type | Type | Rate | Strip | Strip | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | Date | or ARD Date | (Yes/No) | Maturity Date | Service($)(7) | Service($)(7) | ||||||||||||||||||||||||||
Loan | 1 | 25 Broadway(27) | 11.3% | 1 | GACC | GACC | 120,000,000 | 120,000,000 | 120,000,000 | Office | CBD | 4.7000% | 0.0147% | 0.0000% | 0.0147% | Actual/360 | 120 | 120 | 0 | 0 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 476,528 | 5,718,333 | ||||||||||||||||||||||||||
Loan | 2 | iPark Norwalk | 8.8% | 1 | CCRE | CCRE | 94,000,000 | 94,000,000 | 83,441,473 | Mixed Use | Office/Retail | 5.1220% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 360 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 511,644 | 6,139,731 | ||||||||||||||||||||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | 1 | CCRE | CCRE | 85,000,000 | 84,874,137 | 64,069,988 | Hospitality | Full Service | 5.2165% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 300 | 299 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 507,682 | 6,092,184 | ||||||||||||||||||||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | 2 | GACC | GACC | 67,200,000 | 67,200,000 | 61,196,217 | Office | Suburban | 5.0350% | 0.0147% | 0.0000% | 0.0147% | Actual/360 | 120 | 117 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 356,719 | 4,280,622 | ||||||||||||||||||||||||||
Property | 4.01 | Technology Corners | 4.1% | 1 | GACC | GACC | 43,292,308 | 43,292,308 | Office | Suburban | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | 1 | GACC | GACC | 23,907,692 | 23,907,692 | Office | Suburban | ||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | 2 | CCRE | CCRE | 54,000,000 | 53,940,392 | 44,167,818 | Retail | Various | 4.8370% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 359 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 284,528 | 3,414,339 | ||||||||||||||||||||||||||
Property | 5.01 | West Ridge Mall | 4.1% | 1 | CCRE | CCRE | 43,200,000 | 43,152,314 | Retail | Super Regional Mall | ||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | 1 | CCRE | CCRE | 10,800,000 | 10,788,078 | Retail | Anchored | ||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | 1 | CCRE | CCRE | 41,000,000 | 41,000,000 | 34,683,839 | Office | CBD | 5.0730% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 117 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 221,930 | 2,663,156 | ||||||||||||||||||||||||||
Loan | 7 | Towngate Center | 3.0% | 1 | GACC | GACC | 32,100,000 | 32,100,000 | 31,076,557 | Retail | Anchored | 4.4700% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 59 | 360 | 360 | 04/06/2014 | 03/06/2019 | No | 03/06/2019 | 162,074 | 1,944,891 | ||||||||||||||||||||||||||
Loan | 8 | Atherton Square | 2.9% | 1 | CCRE | CCRE | 31,250,000 | 31,250,000 | 31,250,000 | Office | Medical | 4.5585% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 0 | 0 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 120,360 | 1,444,316 | ||||||||||||||||||||||||||
Loan | 9 | DoubleTree LAX | 2.7% | 1 | Bancorp | Bancorp | 29,000,000 | 28,968,600 | 23,785,099 | Hospitality | Full Service | 4.9200% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 119 | 360 | 359 | 04/05/2014 | 03/05/2024 | No | 03/05/2024 | 154,263 | 1,851,162 | ||||||||||||||||||||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | 1 | Bancorp | Bancorp | 28,500,000 | 28,500,000 | 28,072,901 | Multifamily | Garden | 4.6700% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 59 | 360 | 360 | 04/05/2014 | 03/05/2019 | No | 03/05/2019 | 147,298 | 1,767,580 | ||||||||||||||||||||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | 4 | GACC | GACC | 24,500,000 | 24,500,000 | 22,143,438 | Hospitality | Limited Service | 4.9700% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 131,072 | 1,572,870 | ||||||||||||||||||||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | 1 | GACC | GACC | 10,952,941 | 10,952,941 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | 1 | GACC | GACC | 5,188,235 | 5,188,235 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | 1 | GACC | GACC | 4,323,529 | 4,323,529 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | 1 | GACC | GACC | 4,035,295 | 4,035,295 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | 1 | GACC | GACC | 23,550,000 | 23,550,000 | 21,676,815 | Multifamily | Garden | 4.8600% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 119 | 360 | 360 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 124,414 | 1,492,971 | ||||||||||||||||||||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | 1 | CCRE | CCRE | 22,875,000 | 22,875,000 | 18,778,631 | Retail | Single Tenant | 4.9500% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 122,100 | 1,465,199 | ||||||||||||||||||||||||||
Loan | 14 | McBride Portfolio | 2.1% | 2 | CCRE | CCRE | 22,550,000 | 22,550,000 | 19,424,181 | Multifamily | Garden | 4.8240% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 118,639 | 1,423,673 | ||||||||||||||||||||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | 1 | CCRE | CCRE | 17,534,761 | 17,534,761 | Multifamily | Garden | ||||||||||||||||||||||||||||||||||||||||||
Property | 14.02 | River Reach | 0.5% | 1 | CCRE | CCRE | 5,015,239 | 5,015,239 | Multifamily | Garden | ||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Agave Center | 2.1% | 1 | CCRE | CCRE | 22,500,000 | 22,476,370 | 18,532,784 | Mixed Use | Office/Industrial | 5.0500% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 359 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 121,473 | 1,457,680 | ||||||||||||||||||||||||||
Loan | 16 | 555 West 59th Street | 1.9% | 1 | GACC | GACC | 19,990,000 | 19,990,000 | 17,208,357 | Mixed Use | Parking Garage/Retail | 4.8000% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 104,881 | 1,258,567 | ||||||||||||||||||||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | 3 | GACC | GACC | 17,850,000 | 17,850,000 | 13,493,606 | Hospitality | Limited Service | 5.3000% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 300 | 300 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 107,493 | 1,289,915 | ||||||||||||||||||||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | 1 | GACC | GACC | 10,500,000 | 10,500,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | 1 | GACC | GACC | 4,200,000 | 4,200,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | 1 | GACC | GACC | 3,150,000 | 3,150,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | Vivint Building | 1.5% | 1 | Bancorp | Bancorp | 16,000,000 | 16,000,000 | 11,912,332 | Office | Suburban | 4.8800% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 300 | 300 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 92,419 | 1,109,030 | ||||||||||||||||||||||||||
Loan | 19 | Wainwright Building | 1.5% | 1 | CCRE | CCRE | 15,800,000 | 15,760,520 | 13,037,422 | Multifamily | Mid Rise | 5.1205% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 118 | 360 | 358 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 85,985 | 1,031,822 | ||||||||||||||||||||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | 1 | CCRE | CCRE | 15,000,000 | 15,000,000 | 13,627,813 | Office | CBD | 5.2530% | 0.0570% | 0.0000% | 0.0570% | Actual/360 | 120 | 119 | 360 | 360 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 82,858 | 994,301 | ||||||||||||||||||||||||||
Loan | 21 | Ridge Park Place | 1.4% | 1 | GACC | GACC | 14,700,000 | 14,700,000 | 12,039,738 | Office | CBD | 4.8800% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 77,838 | 934,059 | ||||||||||||||||||||||||||
Loan | 22 | Deerfield Apartments | 1.4% | 1 | CCRE | CCRE | 14,400,000 | 14,400,000 | 12,699,422 | Multifamily | Garden | 4.8245% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 360 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 75,765 | 909,183 | ||||||||||||||||||||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | 1 | Bancorp | Bancorp | 13,425,000 | 13,425,000 | 12,275,316 | Retail | Single Tenant | 4.4500% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 60 | 360 | 360 | 05/05/2014 | 04/05/2019 | No | 04/05/2019 | 67,624 | 811,491 | ||||||||||||||||||||||||||
Loan | 24 | Hampden Centre | 1.2% | 1 | CCRE | CCRE | 13,200,000 | 13,182,053 | 11,913,345 | Retail | Anchored | 4.8705% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 60 | 59 | 324 | 323 | 04/06/2014 | 03/06/2019 | No | 03/06/2019 | 73,309 | 879,705 | ||||||||||||||||||||||||||
Loan | 25 | North Charleston Center | 1.2% | 1 | CCRE | CCRE | 12,550,000 | 12,536,681 | 11,575,754 | Retail | Anchored | 5.0055% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 60 | 59 | 360 | 359 | 04/06/2014 | 03/06/2019 | No | 03/06/2019 | 67,413 | 808,960 | ||||||||||||||||||||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | 1 | Bancorp | Bancorp | 12,500,000 | 12,500,000 | 10,719,420 | Retail | Anchored | 4.7300% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 118 | 360 | 360 | 03/05/2014 | 02/05/2024 | No | 02/05/2024 | 65,055 | 780,664 | ||||||||||||||||||||||||||
Loan | 27 | Town and Country Plaza | 1.2% | 1 | CCRE | CCRE | 12,400,000 | 12,400,000 | 10,800,187 | Retail | Anchored | 5.2650% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 117 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 68,589 | 823,062 | ||||||||||||||||||||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | 8 | GACC | GACC | 12,100,000 | 12,100,000 | 10,014,117 | Self Storage | Self Storage | 5.2000% | 0.0670% | 0.0000% | 0.0670% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 66,442 | 797,309 | ||||||||||||||||||||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | 1 | GACC | GACC | 2,138,605 | 2,138,605 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | 1 | GACC | GACC | 1,988,527 | 1,988,527 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | 1 | GACC | GACC | 1,951,008 | 1,951,008 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | 1 | GACC | GACC | 1,500,775 | 1,500,775 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | 1 | GACC | GACC | 1,444,496 | 1,444,496 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | 1 | GACC | GACC | 1,406,977 | 1,406,977 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | 1 | GACC | GACC | 1,181,860 | 1,181,860 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | 1 | GACC | GACC | 487,752 | 487,752 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Doraville Plaza | 1.1% | 1 | CCRE | CCRE | 11,800,000 | 11,800,000 | 10,120,409 | Retail | Anchored | 4.6560% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 360 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 60,888 | 730,651 | ||||||||||||||||||||||||||
Loan | 30 | South Plaza | 1.1% | 1 | CCRE | CCRE | 11,300,000 | 11,287,837 | 9,275,781 | Retail | Anchored | 4.9455% | 0.0570% | 0.0000% | 0.0570% | Actual/360 | 120 | 119 | 360 | 359 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 60,285 | 723,420 | ||||||||||||||||||||||||||
Loan | 31 | 840 East 134th Street | 1.1% | 1 | GACC | GACC | 11,250,000 | 11,250,000 | 10,495,713 | Self Storage | Self Storage | 5.8000% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 60 | 360 | 360 | 05/06/2014 | 04/06/2019 | No | 04/06/2019 | 66,010 | 792,117 | ||||||||||||||||||||||||||
Loan | 32 | Platte Airpark Center | 1.0% | 1 | CCRE | CCRE | 10,875,000 | 10,875,000 | 8,130,146 | Office | Suburban | 4.9925% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 120 | 300 | 300 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 63,527 | 762,320 | ||||||||||||||||||||||||||
Loan | 33 | The Pointe | 0.9% | 1 | Bancorp | Bancorp | 10,000,000 | 10,000,000 | 9,508,813 | Multifamily | Garden | 4.4500% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 59 | 360 | 360 | 04/05/2014 | 03/05/2019 | No | 03/05/2019 | 50,372 | 604,463 | ||||||||||||||||||||||||||
Loan | 34 | Chateau Estates | 0.8% | 1 | CCRE | CCRE | 9,000,000 | 9,000,000 | 7,364,304 | Multifamily | Garden | 4.8515% | 0.0570% | 0.0000% | 0.0570% | Actual/360 | 120 | 120 | 360 | 360 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 47,500 | 570,005 | ||||||||||||||||||||||||||
Loan | 35 | Villages at Nipomo | 0.8% | 1 | Bancorp | Bancorp | 8,451,118 | 8,451,118 | 6,891,786 | Retail | Unanchored | 4.7500% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 44,085 | 529,020 | ||||||||||||||||||||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | 1 | Bancorp | Bancorp | 8,000,000 | 7,978,591 | 7,343,411 | Mixed Use | Office/Retail | 4.7000% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 58 | 360 | 358 | 03/05/2014 | 02/05/2019 | No | 02/05/2019 | 41,491 | 497,892 | ||||||||||||||||||||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | 7 | Bancorp | Bancorp | 7,700,000 | 7,700,000 | 7,065,357 | Retail | Single Tenant | 4.6700% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 60 | 60 | 360 | 360 | 05/05/2014 | 04/05/2019 | No | 04/05/2019 | 39,796 | 477,557 | ||||||||||||||||||||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | 1 | Bancorp | Bancorp | 1,949,908 | 1,949,908 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | 1 | Bancorp | Bancorp | 1,707,948 | 1,707,948 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | 1 | Bancorp | Bancorp | 996,303 | 996,303 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | 1 | Bancorp | Bancorp | 804,159 | 804,159 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | 1 | Bancorp | Bancorp | 789,926 | 789,926 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | 1 | Bancorp | Bancorp | 740,111 | 740,111 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | 1 | Bancorp | Bancorp | 711,645 | 711,645 | Retail | Single Tenant | ||||||||||||||||||||||||||||||||||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | 1 | CCRE | CCRE | 7,400,000 | 7,400,000 | 5,634,675 | Industrial | Warehouse/Distribution | 5.0000% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 84 | 84 | 240 | 240 | 05/06/2014 | 04/06/2021 | No | 04/06/2021 | 48,837 | 586,041 | ||||||||||||||||||||||||||
Loan | 39 | Lone Peak Village | 0.7% | 1 | Bancorp | Bancorp | 7,100,000 | 7,100,000 | 5,795,788 | Mixed Use | Office/Retail | 4.7800% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 37,165 | 445,986 | ||||||||||||||||||||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | 3 | CCRE | CCRE | 7,000,000 | 7,000,000 | 5,394,132 | Hospitality | Limited Service | 5.8495% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 120 | 300 | 300 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 44,459 | 533,512 | ||||||||||||||||||||||||||
Property | 40.01 | Quality Inn | 0.2% | 1 | CCRE | CCRE | 2,500,000 | 2,500,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | 1 | CCRE | CCRE | 2,500,000 | 2,500,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | 1 | CCRE | CCRE | 2,000,000 | 2,000,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||||||||||||||
Loan | 41 | The Piers | 0.6% | 1 | Bancorp | Bancorp | 6,800,000 | 6,800,000 | 5,604,216 | Retail | Anchored | 5.0700% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 36,795 | 441,544 | ||||||||||||||||||||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | 1 | CCRE | CCRE | 6,750,000 | 6,750,000 | 5,706,502 | Office | Medical | 5.0380% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 360 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 36,392 | 436,709 | ||||||||||||||||||||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | 1 | Bancorp | Bancorp | 6,037,000 | 6,021,641 | 4,963,661 | Industrial | Flex | 5.0100% | 0.0670% | 0.0000% | 0.0670% | Actual/360 | 120 | 118 | 360 | 358 | 03/05/2014 | 02/05/2024 | No | 02/05/2024 | 32,445 | 389,338 | ||||||||||||||||||||||||||
Loan | 44 | ART Cedargate | 0.5% | 1 | CCRE | CCRE | 5,500,000 | 5,500,000 | 4,657,842 | Multifamily | Garden | 5.1115% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 117 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 29,901 | 358,813 | ||||||||||||||||||||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | 6 | CCRE | CCRE | 5,400,000 | 5,393,983 | 4,964,838 | Self Storage | Self Storage | 4.7960% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 60 | 59 | 360 | 359 | 04/06/2014 | 03/06/2019 | No | 03/06/2019 | 28,319 | 339,826 | ||||||||||||||||||||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | 1 | CCRE | CCRE | 1,285,000 | 1,283,568 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | 1 | CCRE | CCRE | 1,075,000 | 1,073,802 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | 1 | CCRE | CCRE | 1,070,000 | 1,068,808 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | 1 | CCRE | CCRE | 830,000 | 829,075 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 45.05 | 16530 West Hardy Street | 0.1% | 1 | CCRE | CCRE | 620,000 | 619,309 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | 1 | CCRE | CCRE | 520,000 | 519,421 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||||||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | 1 | CCRE | CCRE | 5,200,000 | 5,187,071 | 4,806,129 | Retail | Unanchored | 5.1510% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 60 | 58 | 360 | 358 | 03/06/2014 | 02/06/2019 | No | 02/06/2019 | 28,397 | 340,759 | ||||||||||||||||||||||||||
Loan | 47 | The Cigar Factory | 0.5% | 1 | Bancorp | Bancorp | 5,080,000 | 5,080,000 | 3,782,165 | Office | CBD | 4.8800% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 300 | 300 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 29,343 | 352,117 | ||||||||||||||||||||||||||
Loan | 48 | Kagy Village | 0.4% | 1 | CCRE | CCRE | 4,400,000 | 4,395,488 | 3,635,953 | Multifamily | Garden | 5.1500% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 119 | 360 | 359 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 24,025 | 288,302 | ||||||||||||||||||||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | 1 | CCRE | CCRE | 4,100,000 | 4,070,456 | 3,118,513 | Multifamily | Garden | 5.7460% | 0.0620% | 0.0000% | 0.0620% | Actual/360 | 60 | 58 | 180 | 178 | 03/06/2014 | 02/06/2019 | No | 02/06/2019 | 34,038 | 408,456 | ||||||||||||||||||||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | 1 | Bancorp | Bancorp | 3,800,000 | 3,795,943 | 3,122,827 | Retail | Unanchored | 4.9800% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 119 | 360 | 359 | 04/05/2014 | 03/05/2024 | No | 03/05/2024 | 20,353 | 244,234 | ||||||||||||||||||||||||||
Loan | 51 | Double D Self Storage | 0.3% | 1 | Bancorp | Bancorp | 3,450,000 | 3,450,000 | 2,909,176 | Self Storage | Self Storage | 5.0200% | 0.0170% | 0.0000% | 0.0170% | Actual/360 | 120 | 120 | 360 | 360 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 18,563 | 222,750 | ||||||||||||||||||||||||||
Loan | 52 | Conroe Self Storage | 0.3% | 1 | Bancorp | Bancorp | 3,000,000 | 3,000,000 | 2,474,855 | Self Storage | Self Storage | 5.1000% | 0.0670% | 0.0000% | 0.0670% | Actual/360 | 120 | 120 | 360 | 360 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 16,288 | 195,462 | ||||||||||||||||||||||||||
Loan | 53 | 190 South 8th Street | 0.2% | 1 | CCRE | CCRE | 2,325,000 | 2,314,658 | 1,584,164 | Multifamily | Mid Rise | 4.4595% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 118 | 270 | 268 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 13,657 | 163,879 | ||||||||||||||||||||||||||
Loan | 54 | Woodstock Exchange | 0.2% | 1 | Bancorp | Bancorp | 2,225,000 | 2,225,000 | 1,935,973 | Retail | Unanchored | 5.2200% | 0.0870% | 0.0000% | 0.0870% | Actual/360 | 120 | 119 | 360 | 360 | 04/05/2014 | 03/05/2024 | No | 03/05/2024 | 12,245 | 146,943 | ||||||||||||||||||||||||||
Loan | 55 | 113 Henry Street | 0.2% | 1 | CCRE | CCRE | 1,700,000 | 1,686,804 | 1,049,099 | Multifamily | Mid Rise | 4.4955% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 117 | 240 | 237 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 10,751 | 129,011 | ||||||||||||||||||||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | 1 | CCRE | CCRE | 700,000 | 694,566 | 431,981 | Multifamily | Garden | 4.4955% | 0.0370% | 0.0200% | 0.0170% | Actual/360 | 120 | 117 | 240 | 237 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 4,427 | 53,122 | ||||||||||||||||||||||||||
A-1-1
COMM 2014-CCRE16 | ||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||
Pari Passu | Pari Passu | |||||||||||||||||||||||||||||||||||||||
% of | Companion Loan | Companion Loan | Remaining | Crossed | FIRREA | Cut-Off | ||||||||||||||||||||||||||||||||||
Property | Initial Pool | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Service($)(7) | Service($)(7) | Period | Lockbox(8) | Management(9) | Other Loans | Borrower | NOI DSCR(7)(10) | NCF DSCR(7)(10) | Period(11) | Date | Value ($)(12) | As-of Date | (Yes/No) | Ratio(10)(12) | Maturity or ARD(10)(12) | Address | ||||||||||||||||||||
Loan | 1 | 25 Broadway(27) | 11.3% | 516,238 | 6,194,861 | 120 | Hard | In Place | No | 2.02x | 1.90x | 0 | 6 | 369,000,000 | 01/16/2014 | Yes | 67.8% | 67.8% | 25 Broadway | |||||||||||||||||||||
Loan | 2 | iPark Norwalk | 8.8% | 35 | Hard | Springing | No | 1.37x | 1.33x | 0 | 6 | 127,000,000 | 01/27/2014 | Yes | 74.0% | 65.7% | 761 Main Avenue | |||||||||||||||||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | Hard | Springing | No | 1.78x | 1.55x | 0 | 6 | 134,000,000 | 12/01/2013 | Yes | 63.3% | 47.8% | 17260 Harbour Point Drive | ||||||||||||||||||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | 2,043,700 | 24,524,398 | 45 | Hard | In Place | No | 1.41x | 1.40x | 0 | 6 | 679,000,000 | 12/02/2013 | Yes | 66.6% | 60.6% | Various | |||||||||||||||||||||
Property | 4.01 | Technology Corners | 4.1% | 438,000,000 | 12/02/2013 | Yes | 803, 805, 807 and 809 11th Avenue | |||||||||||||||||||||||||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | 241,000,000 | 12/02/2013 | Yes | 1100 Enterprise Way | |||||||||||||||||||||||||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | Hard | Springing | No | 2.02x | 1.85x | 0 | 6 | 82,200,000 | 01/23/2014 | Yes | 65.6% | 53.7% | Various | ||||||||||||||||||||||||
Property | 5.01 | West Ridge Mall | 4.1% | 67,800,000 | 01/23/2014 | Yes | 1801 Southwest Wanamaker Road | |||||||||||||||||||||||||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | 14,400,000 | 01/23/2014 | Yes | 2100 & 2120 Southwest Wanamaker Road | |||||||||||||||||||||||||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | 9 | Springing Hard | Springing | No | 1.25x | 1.21x | 0 | 6 | 75,000,000 | 03/01/2014 | Yes | 54.7% | 46.2% | 252 West 37th Street | |||||||||||||||||||||||
Loan | 7 | Towngate Center | 3.0% | 35 | Hard | In Place | No | 1.53x | 1.40x | 0 | 6 | 43,400,000 | 01/24/2014 | Yes | 74.0% | 71.6% | 12625 Frederick Street | |||||||||||||||||||||||
Loan | 8 | Atherton Square | 2.9% | 119 | Hard | Springing | No | 2.09x | 2.04x | 0 | 6 | 56,000,000 | 01/16/2014 | Yes | 55.8% | 55.8% | 3301-3351 El Camino Real | |||||||||||||||||||||||
Loan | 9 | DoubleTree LAX | 2.7% | Springing Hard | Springing | No | 1.81x | 1.58x | 0 | 5 | 40,400,000 | 01/16/2014 | Yes | 71.7% | 58.9% | 1985 East Grand Avenue | ||||||||||||||||||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | 47 | Soft | Springing | No | 1.28x | 1.24x | 0 | 5 | 39,100,000 | 12/07/2013 | Yes | 72.9% | 71.8% | 10015 Madison Square Place | |||||||||||||||||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | 48 | Hard | Springing | No | 2.48x | 2.23x | 0 | 6 | 42,500,000 | 02/01/2014 | Yes | 57.6% | 52.1% | Various | |||||||||||||||||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | 19,000,000 | 02/01/2014 | Yes | 85 University Boulevard | |||||||||||||||||||||||||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | 9,000,000 | 02/01/2014 | Yes | 43 Covenant Drive | |||||||||||||||||||||||||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | 7,500,000 | 02/01/2014 | Yes | 898 Wiggins Road | |||||||||||||||||||||||||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | 7,000,000 | 02/01/2014 | Yes | 150 Arnold Drive | |||||||||||||||||||||||||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | 59 | Springing Soft | Springing | No | 1.29x | 1.25x | 0 | 6 | 31,410,000 | 01/08/2014 | Yes | 75.0% | 69.0% | 3025 West Christoffersen Parkway | |||||||||||||||||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | Hard | Springing | No | 1.36x | 1.35x | 0 | 6 | 30,560,000 | 01/28/2014 | Yes | 74.9% | 61.4% | 2700 Las Vegas Boulevard | ||||||||||||||||||||||||
Loan | 14 | McBride Portfolio | 2.1% | 24 | Soft | Springing | No | 1.42x | 1.35x | 0 | 6 | 30,350,000 | 01/23/2014 | Yes | 74.3% | 64.0% | Various | |||||||||||||||||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | 23,600,000 | 01/23/2014 | Yes | 11 South Cherry Hills Drive, 111 Rottingham Court, 201-305 South Pointe Drive, 2600-2627 Spyglass Court | |||||||||||||||||||||||||||||||||
Property | 14.02 | River Reach | 0.5% | 6,750,000 | 01/23/2014 | Yes | 20 River Reach Court | |||||||||||||||||||||||||||||||||
Loan | 15 | Agave Center | 2.1% | Hard | Springing | No | 1.55x | 1.37x | 0 | 6 | 30,000,000 | 01/17/2014 | Yes | 74.9% | 61.8% | 8945 South Harl Avenue & 1711, 1721,1725, and 1729 West Greentree Drive | ||||||||||||||||||||||||
Loan | 16 | 555 West 59th Street | 1.9% | 24 | Hard | Springing | No | 1.35x | 1.31x | 0 | 6 | 27,300,000 | 02/18/2014 | Yes | 73.2% | 63.0% | 555 West 59th Street | |||||||||||||||||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | Hard | In Place | No | 1.94x | 1.71x | 0 | 6 | 25,500,000 | 01/01/2014 | Yes | 70.0% | 52.9% | Various | ||||||||||||||||||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | 15,000,000 | 01/01/2014 | Yes | 255 Munson Avenue | |||||||||||||||||||||||||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | 6,000,000 | 01/01/2014 | Yes | 460 Munson Avenue | |||||||||||||||||||||||||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | 4,500,000 | 01/01/2014 | Yes | 305 Munson Avenue | |||||||||||||||||||||||||||||||||
Loan | 18 | Vivint Building | 1.5% | Hard | Springing | No | 1.42x | 1.34x | 0 | 5 | 22,500,000 | 02/14/2014 | Yes | 71.1% | 52.9% | 4949 North 300 West | ||||||||||||||||||||||||
Loan | 19 | Wainwright Building | 1.5% | Springing Hard | Springing | No | 1.26x | 1.22x | 0 | 6 | 21,700,000 | 11/05/2013 | Yes | 72.6% | 60.1% | 221, 229, 231 and 233 West Bute Street | ||||||||||||||||||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | 47 | Hard | In Place | No | 1.47x | 1.39x | 0 | 6 | 22,800,000 | 12/04/2013 | Yes | 65.8% | 59.8% | 3170 Webster Avenue | |||||||||||||||||||||||
Loan | 21 | Ridge Park Place | 1.4% | Hard | Springing | No | 1.60x | 1.50x | 0 | 6 | 19,500,000 | 02/04/2014 | Yes | 75.4% | 61.7% | 1130 22nd Street South | ||||||||||||||||||||||||
Loan | 22 | Deerfield Apartments | 1.4% | 35 | Springing Soft | Springing | No | 1.50x | 1.42x | 0 | 6 | 19,300,000 | 01/10/2014 | Yes | 74.6% | 65.8% | 860 Deerfield Boulevard | |||||||||||||||||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | Hard | Springing | No | 1.41x | 1.36x | 0 | 5 | 17,900,000 | 12/12/2013 | Yes | 75.0% | 68.6% | 555 East Sanford Boulevard | ||||||||||||||||||||||||
Loan | 24 | Hampden Centre | 1.2% | Hard | Springing | No | 1.75x | 1.61x | 0 | 6 | 22,500,000 | 12/22/2013 | Yes | 58.6% | 52.9% | 4830 Carlisle Pike | ||||||||||||||||||||||||
Loan | 25 | North Charleston Center | 1.2% | Hard | Springing | No | 1.66x | 1.44x | 0 | 6 | 17,100,000 | 11/18/2013 | Yes | 73.3% | 67.7% | 5900 Rivers Avenue | ||||||||||||||||||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | 21 | Hard | Springing | No | 1.75x | 1.58x | 0 | 5 | 19,400,000 | 01/10/2014 | Yes | 64.4% | 55.3% | 805 Taylor Avenue | |||||||||||||||||||||||
Loan | 27 | Town and Country Plaza | 1.2% | 21 | Springing Hard | Springing | No | 1.59x | 1.36x | 0 | 6 | 17,000,000 | 10/15/2013 | Yes | 72.9% | 63.5% | 2270 West Thomas Street | |||||||||||||||||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | Soft | Springing | No | 1.53x | 1.49x | 0 | 6 | 16,000,000 | Various | Yes | 72.5% | 62.6% | Various | ||||||||||||||||||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | 2,850,000 | 01/10/2014 | Yes | 650 West Bagley Road | |||||||||||||||||||||||||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | 2,650,000 | 01/03/2014 | Yes | 1700 Shiloh Springs Road | |||||||||||||||||||||||||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | 2,600,000 | 01/04/2014 | Yes | 4111 Groves Road | |||||||||||||||||||||||||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | 2,000,000 | 01/10/2014 | Yes | 3020 Sanitarium Road | |||||||||||||||||||||||||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | 1,825,000 | 01/02/2014 | Yes | 440 Industrial Parkway | |||||||||||||||||||||||||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | 1,875,000 | 01/02/2014 | Yes | 1295 Richey Road | |||||||||||||||||||||||||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | 1,550,000 | 01/03/2014 | Yes | 6595 Columbus Road | |||||||||||||||||||||||||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | 650,000 | 01/02/2014 | Yes | 114 Lakewood Drive | |||||||||||||||||||||||||||||||||
Loan | 29 | Doraville Plaza | 1.1% | 23 | Springing Hard | Springing | No | 1.98x | 1.77x | 0 | 6 | 15,750,000 | 01/13/2014 | Yes | 74.9% | 64.3% | 5706 Buford Highway | |||||||||||||||||||||||
Loan | 30 | South Plaza | 1.1% | Hard | Springing | No | 1.59x | 1.43x | 0 | 6 | 15,460,000 | 02/04/2014 | Yes | 73.0% | 60.0% | 360-450 East Waterloo Road | ||||||||||||||||||||||||
Loan | 31 | 840 East 134th Street | 1.1% | Hard | In Place | No | 1.68x | 1.52x | 0 | 6 | 23,100,000 | 12/06/2013 | Yes | 48.7% | 45.4% | 840 East 134th Street | ||||||||||||||||||||||||
Loan | 32 | Platte Airpark Center | 1.0% | Springing Hard | Springing | No | 2.01x | 1.79x | 0 | 6 | 16,200,000 | 02/06/2014 | Yes | 67.1% | 50.2% | 320-480 Wooten Road | ||||||||||||||||||||||||
Loan | 33 | The Pointe | 0.9% | 23 | Soft | Springing | No | 1.48x | 1.33x | 0 | 5 | 14,225,000 | 01/21/2014 | Yes | 70.3% | 66.8% | 5130 East Ponce de Leon Avenue | |||||||||||||||||||||||
Loan | 34 | Chateau Estates | 0.8% | Soft | Springing | No | 1.22x | 1.22x | 0 | 6 | 15,100,000 | 04/06/2015 | Yes | 59.6% | 48.8% | 103 Hart Street | ||||||||||||||||||||||||
Loan | 35 | Villages at Nipomo | 0.8% | Springing Hard | Springing | No | 1.59x | 1.51x | 0 | 5 | 11,800,000 | 01/22/2014 | Yes | 71.6% | 58.4% | 110, 150 & 180 Mary Avenue; 555 & 581 West Tefft Street | ||||||||||||||||||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | Springing Hard | Springing | No | 1.42x | 1.38x | 0 | 5 | 14,950,000 | 12/05/2013 | Yes | 53.4% | 49.1% | 4-6 West 14th Street | ||||||||||||||||||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | Hard | Springing | No | 1.42x | 1.37x | 0 | 5 | 10,820,000 | Various | Yes | 71.2% | 65.3% | Various | ||||||||||||||||||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | 2,740,000 | 01/13/2014 | Yes | 9310 West Tropicana Avenue | |||||||||||||||||||||||||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | 2,400,000 | 01/04/2014 | Yes | 10287 West Charleston Boulevard | |||||||||||||||||||||||||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | 1,400,000 | 01/02/2014 | Yes | 10267 West Charleston Boulevard | |||||||||||||||||||||||||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | 1,130,000 | 02/07/2014 | Yes | 1017 Glenbrook Way | |||||||||||||||||||||||||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | 1,110,000 | 12/19/2013 | Yes | 1951 Gunbarrel Road | |||||||||||||||||||||||||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | 1,040,000 | 12/31/2013 | Yes | 2808 Scottsville Road | |||||||||||||||||||||||||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | 1,000,000 | 12/28/2013 | Yes | 1900 Southwest Fountainview Boulevard | |||||||||||||||||||||||||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | Hard | In Place | No | 1.43x | 1.33x | 0 | 6 | 12,000,000 | 01/21/2014 | Yes | 61.7% | 47.0% | 5005 C Street Southwest | ||||||||||||||||||||||||
Loan | 39 | Lone Peak Village | 0.7% | Hard | Springing | No | 1.62x | 1.48x | 0 | 5 | 9,620,000 | 01/31/2014 | Yes | 73.8% | 60.2% | 5435 West 11000 North | ||||||||||||||||||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | Hard | Springing | No | 2.21x | 2.00x | 0 | 6 | 12,900,000 | 01/01/2014 | Yes | 54.3% | 41.8% | Various | ||||||||||||||||||||||||
Property | 40.01 | Quality Inn | 0.2% | 4,700,000 | 01/01/2014 | Yes | 16025 Prosperity Drive | |||||||||||||||||||||||||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | 4,900,000 | 01/01/2014 | Yes | 1000 East Eads Parkway | |||||||||||||||||||||||||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | 3,300,000 | 01/01/2014 | Yes | 5755 North German Church Road | |||||||||||||||||||||||||||||||||
Loan | 41 | The Piers | 0.6% | Hard | Springing | No | 1.71x | 1.56x | 0 | 5 | 10,125,000 | 01/03/2014 | Yes | 67.2% | 55.4% | 6411 Tacoma Drive | ||||||||||||||||||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | 11 | Hard | Springing | No | 1.46x | 1.40x | 0 | 6 | 9,000,000 | 11/01/2013 | Yes | 75.0% | 63.4% | 44-05 Francis Lewis Boulevard | |||||||||||||||||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | Springing Hard | Springing | No | 1.48x | 1.36x | 0 | 5 | 8,050,000 | 12/23/2013 | Yes | 74.8% | 61.7% | 21025 North 8th Way, 21045, 21050 & 21111 North 9th Place | ||||||||||||||||||||||||
Loan | 44 | ART Cedargate | 0.5% | 9 | Soft Springing Hard | Springing | No | 1.51x | 1.41x | 0 | 6 | 7,800,000 | 12/10/2013 | Yes | 70.5% | 59.7% | 3073 East Amy Lane | |||||||||||||||||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | Soft | In Place | No | 1.82x | 1.75x | 0 | 6 | 7,690,000 | 01/07/2014 | Yes | 70.1% | 64.6% | Various | ||||||||||||||||||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | 1,750,000 | 01/07/2014 | Yes | 5811 North Houston Rosslyn Road | |||||||||||||||||||||||||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | 1,620,000 | 01/07/2014 | Yes | 941 Fairmont Parkway | |||||||||||||||||||||||||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | 1,460,000 | 01/07/2014 | Yes | 8320 Alabonson Road | |||||||||||||||||||||||||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | 1,240,000 | 01/07/2014 | Yes | 632 Timkin Road | |||||||||||||||||||||||||||||||||
Property | 45.05 | 16530 West Hardy Street | 0.1% | 840,000 | 01/07/2014 | Yes | 16530 West Hardy Street | |||||||||||||||||||||||||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | 780,000 | 01/07/2014 | Yes | 4806 Marie Lane | |||||||||||||||||||||||||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | Hard | Springing | No | 1.27x | 1.22x | 0 | 6 | 7,600,000 | 01/15/2014 | Yes | 68.3% | 63.2% | 706-718 Santa Cruz Avenue | ||||||||||||||||||||||||
Loan | 47 | The Cigar Factory | 0.5% | Springing Hard | Springing | No | 1.53x | 1.29x | 0 | 5 | 7,000,000 | 01/28/2014 | Yes | 72.6% | 54.0% | 2740 Smallman Street | ||||||||||||||||||||||||
Loan | 48 | Kagy Village | 0.4% | Springing Soft | Springing | No | 1.39x | 1.31x | 0 | 6 | 5,950,000 | 02/05/2014 | Yes | 73.9% | 61.1% | 2211-2231 Remington Way | ||||||||||||||||||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | Soft | Springing | No | 1.68x | 1.66x | 0 | 6 | 5,800,000 | 12/11/2013 | Yes | 70.2% | 53.8% | 1501 Abraham Parkway | ||||||||||||||||||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | Hard | Springing | No | 1.46x | 1.37x | 0 | 5 | 5,300,000 | 01/14/2014 | Yes | 71.6% | 58.9% | 1807 Post Road East | ||||||||||||||||||||||||
Loan | 51 | Double D Self Storage | 0.3% | 11 | Soft | Springing | No | 1.66x | 1.62x | 0 | 5 | 5,250,000 | 01/21/2014 | Yes | 65.7% | 55.4% | 3400 North Golden State Boulevard | |||||||||||||||||||||||
Loan | 52 | Conroe Self Storage | 0.3% | Springing Hard | Springing | No | 1.58x | 1.52x | 0 | 5 | 4,530,000 | 02/06/2014 | Yes | 66.2% | 54.6% | 810 Gladstell Road | ||||||||||||||||||||||||
Loan | 53 | 190 South 8th Street | 0.2% | None | None | No | Yes | 2.18x | 2.12x | 0 | 6 | 7,800,000 | 12/12/2013 | Yes | 29.7% | 20.3% | 190 South 8th Street | |||||||||||||||||||||||
Loan | 54 | Woodstock Exchange | 0.2% | 23 | Springing Hard | Springing | No | 1.73x | 1.61x | 0 | 5 | 3,350,000 | 01/14/2014 | Yes | 66.4% | 57.8% | 9745 Highway 92 | |||||||||||||||||||||||
Loan | 55 | 113 Henry Street | 0.2% | None | None | No | Yes | 1.33x | 1.29x | 0 | 6 | 3,360,000 | 07/17/2013 | Yes | 50.2% | 31.2% | 113 Henry Street | |||||||||||||||||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | None | None | No | Yes | 1.33x | 1.28x | 0 | 6 | 1,160,000 | 07/31/2013 | Yes | 59.9% | 37.2% | 471 & 475 Chauncey Street | |||||||||||||||||||||||
A-1-2
COMM 2014-CCRE16 | ||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||
Net | Loan per Net | |||||||||||||||||||||||||||||||||||||||||||||
% of | Rentable Area | Units | Rentable Area | Second Most | Second | Second | Second | Third Most | Third | |||||||||||||||||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units/Beds | of | (SF/Units/Beds | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | |||||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | City | County | State | Zip Code | Built | Renovated | Rooms/Pads)(6) | Measure | Rooms/Pads) ($)(10) | (# of payments)(13) | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | |||||||||||||||||||||||
Loan | 1 | 25 Broadway(27) | 11.3% | New York | New York | NY | 10004 | 1917-1921 | 2010 | 956,554 | Sq. Ft. | 261 | L(24), D(92), O(4) | 12/31/2013 | 34,951,296 | 15,447,068 | 19,504,228 | 12/31/2012 | 34,781,774 | 14,122,060 | 20,659,714 | 12/31/2011 | 38,419,047 | |||||||||||||||||||||||
Loan | 2 | iPark Norwalk | 8.8% | Norwalk | Fairfield | CT | 06851 | 1953 | 2014 | 368,682 | Sq. Ft. | 255 | L(25), D(92), O(3) | T-12 1/31/2014 | 6,643,744 | 1,633,749 | 5,009,995 | |||||||||||||||||||||||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | Fort Myers | Lee | FL | 33908 | 1984, 1988, 1999 | 2013-2014 | 347 | Rooms | 244,594 | L(25), D(91), O(4) | T-12 1/31/2014 | 31,594,289 | 20,819,336 | 10,774,953 | 12/31/2012 | 25,751,889 | 18,639,813 | 7,112,076 | 12/31/2011 | 26,642,940 | |||||||||||||||||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | Sunnyvale | Santa Clara | CA | 94089 | Various | Various | 1,057,809 | Sq. Ft. | 427 | L(27), YM1(89), O(4) | |||||||||||||||||||||||||||||||||
Property | 4.01 | Technology Corners | 4.1% | Sunnyvale | Santa Clara | CA | 94089 | 2001 | 2013 | 700,328 | Sq. Ft. | 416 | ||||||||||||||||||||||||||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | Sunnyvale | Santa Clara | CA | 94089 | 2013 | NAP | 357,481 | Sq. Ft. | 450 | ||||||||||||||||||||||||||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | Topeka | Shawnee | KS | Various | 1988 | Various | 482,602 | Sq. Ft. | 112 | L(25), D(88), O(7) | 12/31/2013 | 12,128,674 | 5,088,352 | 7,040,322 | 12/31/2012 | 12,309,585 | 5,213,302 | 7,096,283 | 12/31/2011 | 12,522,422 | |||||||||||||||||||||||
Property | 5.01 | West Ridge Mall | 4.1% | Topeka | Shawnee | KS | 66604 | 1988 | 2008-2009 | 392,249 | Sq. Ft. | 110 | 12/31/2013 | 10,454,470 | 4,600,079 | 5,854,391 | 12/31/2012 | 10,705,824 | 4,751,210 | 5,954,614 | 12/31/2011 | 11,024,395 | ||||||||||||||||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | Topeka | Shawnee | KS | 66614 | 1988 | 2013 | 90,353 | Sq. Ft. | 119 | 12/31/2013 | 1,674,204 | 488,273 | 1,185,931 | 12/31/2012 | 1,603,761 | 462,092 | 1,141,669 | 12/31/2011 | 1,498,027 | ||||||||||||||||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | New York | New York | NY | 10018 | 1928 | 2013 | 161,613 | Sq. Ft. | 254 | L(27), D(89), O(4) | T-12 10/31/2013 | 3,957,491 | 1,543,651 | 2,413,840 | 12/31/2012 | 3,425,144 | 1,300,234 | 2,124,910 | 12/31/2011 | 3,195,395 | |||||||||||||||||||||||
Loan | 7 | Towngate Center | 3.0% | Moreno Valley | Riverside | CA | 92553 | 1990 | NAP | 285,718 | Sq. Ft. | 112 | L(36), YM2(18), O(6) | 12/31/2013 | 3,595,313 | 1,401,345 | 2,193,968 | 12/31/2012 | 3,428,210 | 1,363,543 | 2,064,667 | |||||||||||||||||||||||||
Loan | 8 | Atherton Square | 2.9% | Atherton | San Mateo | CA | 94027 | 1986 | 2013 | 49,206 | Sq. Ft. | 635 | L(25), D(91), O(4) | 12/31/2013 | 3,323,883 | 739,756 | 2,584,127 | 12/31/2012 | 2,734,384 | 730,751 | 2,003,633 | 12/31/2011 | 2,703,328 | |||||||||||||||||||||||
Loan | 9 | DoubleTree LAX | 2.7% | El Segundo | Los Angeles | CA | 90245 | 1987 | NAP | 215 | Rooms | 134,738 | L(25), D(91), O(4) | 12/31/2013 | 10,447,777 | 7,232,495 | 3,215,282 | 12/31/2012 | 10,089,725 | 6,870,238 | 3,219,487 | 12/31/2011 | 9,330,172 | |||||||||||||||||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | Charlotte | Mecklenburg | NC | 28216 | 2012 | NAP | 287 | Units | 99,303 | L(25), D(31), O(4) | |||||||||||||||||||||||||||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | Various | Various | VA | Various | Various | Various | 403 | Rooms | 60,794 | L(24), D(92), O(4) | 12/31/2013 | 10,024,999 | 6,097,298 | 3,927,701 | 12/31/2012 | 9,824,799 | 5,865,126 | 3,959,673 | 12/31/2011 | 8,672,992 | |||||||||||||||||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | Harrisonburg | Rockingham | VA | 22801 | 1988 | 2010 | 160 | Rooms | 68,456 | 12/31/2013 | 3,956,643 | 2,293,226 | 1,663,417 | 12/31/2012 | 4,013,593 | 2,321,169 | 1,692,424 | 12/31/2011 | 3,515,609 | ||||||||||||||||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | Harrisonburg | Rockingham | VA | 22801 | 2008 | 2013 | 90 | Rooms | 57,647 | 12/31/2013 | 2,243,936 | 1,445,488 | 798,448 | 12/31/2012 | 2,254,150 | 1,395,546 | 858,604 | 12/31/2011 | 1,918,087 | ||||||||||||||||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | Emporia | Greensville | VA | 23847 | 2005 | 2012 | 85 | Rooms | 50,865 | 12/31/2013 | 2,181,213 | 1,442,819 | 738,393 | 12/31/2012 | 1,996,970 | 1,331,857 | 665,113 | 12/31/2011 | 1,833,800 | ||||||||||||||||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | South Hill | Mecklenburg | VA | 23970 | 2007 | 2013 | 68 | Rooms | 59,343 | 12/31/2013 | 1,643,207 | 915,765 | 727,443 | 12/31/2012 | 1,560,087 | 816,554 | 743,532 | 12/31/2011 | 1,405,496 | ||||||||||||||||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | Turlock | Stanislaus | CA | 95382 | 2008 | NAP | 220 | Units | 107,045 | L(25), D(91), O(4) | 12/31/2013 | 2,866,453 | 951,591 | 1,914,862 | 12/31/2012 | 2,767,498 | 935,593 | 1,831,905 | 12/31/2011 | 2,597,372 | |||||||||||||||||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | Las Vegas | Clark | NV | 89109 | 2006 | NAP | 14,378 | Sq. Ft. | 1,591 | L(24), D(93), O(3) | 12/31/2013 | 1,833,855 | 1,833,855 | 12/31/2012 | 1,833,855 | 1,833,855 | 12/31/2011 | 1,833,855 | |||||||||||||||||||||||||
Loan | 14 | McBride Portfolio | 2.1% | Various | Madison | IL | Various | Various | NAP | 350 | Units | 64,429 | L(24), D(93), O(3) | 12/31/2013 | 3,357,960 | 1,425,650 | 1,932,310 | 12/31/2012 | 3,173,254 | 1,496,309 | 1,676,945 | 12/31/2011 | 3,384,442 | |||||||||||||||||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | Edwardsville | Madison | IL | 62025 | 1990-2000 | NAP | 250 | Units | 70,139 | 12/31/2013 | 2,549,172 | 1,060,905 | 1,488,267 | 12/31/2012 | 2,395,508 | 1,108,898 | 1,286,610 | 12/31/2011 | 2,626,678 | ||||||||||||||||||||||||
Property | 14.02 | River Reach | 0.5% | Alton | Madison | IL | 62002 | 2001-2005 | NAP | 100 | Units | 50,152 | 12/31/2013 | 808,788 | 364,745 | 444,043 | 12/31/2012 | 777,746 | 387,411 | 390,335 | 12/31/2011 | 757,764 | ||||||||||||||||||||||||
Loan | 15 | Agave Center | 2.1% | Tempe | Maricopa | AZ | 85254 | 2000 | NAP | 219,741 | Sq. Ft. | 102 | L(25), D(92), O(3) | 12/31/2013 | 3,189,026 | 1,291,831 | 1,897,195 | |||||||||||||||||||||||||||||
Loan | 16 | 555 West 59th Street | 1.9% | New York | New York | NY | 10019 | 2008 | NAP | 40,568 | Sq. Ft. | 493 | L(24), D(92), O(4) | 12/31/2013 | 1,591,608 | 324,643 | 1,266,965 | 12/31/2012 | 1,692,958 | 244,960 | 1,447,998 | 12/31/2011 | 1,507,100 | |||||||||||||||||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | Traverse City | Grand Traverse | MI | 49686 | Various | Various | 204 | Rooms | 87,500 | L(24), D(92), O(4) | 12/31/2013 | 7,120,952 | 4,631,535 | 2,489,418 | 12/31/2012 | 6,535,777 | 4,395,799 | 2,139,978 | 12/31/2011 | 5,689,299 | |||||||||||||||||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | Traverse City | Grand Traverse | MI | 49686 | 2009 | NAP | 92 | Rooms | 114,130 | 12/31/2013 | 3,932,306 | 2,623,980 | 1,308,326 | 12/31/2012 | 3,596,779 | 2,504,996 | 1,091,783 | 12/31/2011 | 3,059,353 | ||||||||||||||||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | Traverse City | Grand Traverse | MI | 49686 | 1997 | 2008 | 62 | Rooms | 67,742 | 12/31/2013 | 1,791,141 | 1,136,101 | 655,040 | 12/31/2012 | 1,606,290 | 1,077,934 | 528,356 | 12/31/2011 | 1,446,464 | ||||||||||||||||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | Traverse City | Grand Traverse | MI | 49686 | 1984 | 2008 | 50 | Rooms | 63,000 | 12/31/2013 | 1,397,505 | 871,454 | 526,051 | 12/31/2012 | 1,332,708 | 812,869 | 519,839 | 12/31/2011 | 1,183,482 | ||||||||||||||||||||||||
Loan | 18 | Vivint Building | 1.5% | Provo | Utah | UT | 84604 | 2013 | NAP | 100,118 | Sq. Ft. | 160 | L(24), D(92), O(4) | T-6 12/31/2013 Ann. | 1,733,216 | 67,266 | 1,665,950 | |||||||||||||||||||||||||||||
Loan | 19 | Wainwright Building | 1.5% | Norfolk | Norfolk City | VA | 23510 | 1925 | 2013 | 126 | Units | 125,083 | L(26), D(90), O(4) | |||||||||||||||||||||||||||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | Bronx | Bronx | NY | 10467 | 2013 | NAP | 67,511 | Sq. Ft. | 222 | L(25), D(92), O(3) | |||||||||||||||||||||||||||||||||
Loan | 21 | Ridge Park Place | 1.4% | Birmingham | Jefferson | AL | 35205 | 1966 | 2000 | 116,443 | Sq. Ft. | 126 | L(24), D(92), O(4) | 12/31/2013 | 1,165,039 | 736,166 | 428,873 | 12/31/2012 | 1,116,627 | 632,334 | 484,294 | 12/31/2011 | 1,585,462 | |||||||||||||||||||||||
Loan | 22 | Deerfield Apartments | 1.4% | Cincinnati | Clermont | OH | 45245 | 1988 | 2014 | 223 | Units | 64,574 | L(25), D(91), O(4) | 12/31/2013 | 2,214,293 | 754,839 | 1,459,455 | 12/31/2012 | 2,086,009 | 857,591 | 1,228,418 | 12/31/2011 | 1,923,719 | |||||||||||||||||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | Mount Vernon | Westchester | NY | 10550 | 2004 | NAP | 47,441 | Sq. Ft. | 283 | L(24), D(32), O(4) | T-12 10/31/2013 | 1,442,336 | 323,218 | 1,119,118 | 12/31/2012 | 1,454,321 | 370,375 | 1,083,946 | 12/31/2011 | 1,454,599 | |||||||||||||||||||||||
Loan | 24 | Hampden Centre | 1.2% | Mechanicsburg | Cumberland | PA | 17050 | 1976 | 2007 | 243,344 | Sq. Ft. | 54 | L(25), D(31), O(4) | T-12 11/30/2013 | 2,047,205 | 613,012 | 1,434,193 | 12/31/2012 | 1,985,827 | 613,338 | 1,372,489 | 12/31/2011 | 2,000,731 | |||||||||||||||||||||||
Loan | 25 | North Charleston Center | 1.2% | North Charleston | Charleston | SC | 29406 | 1968 | 1986, 2013 | 236,250 | Sq. Ft. | 53 | L(25), YM1(32), O(3) | 12/31/2013 | 1,878,330 | 527,271 | 1,351,059 | 12/31/2012 | 1,581,029 | 484,693 | 1,096,337 | 12/31/2011 | 1,626,931 | |||||||||||||||||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | Towson | Baltimore | MD | 21286 | 1962 | 1998 | 142,327 | Sq. Ft. | 88 | L(26), D(91), O(3) | 12/31/2013 | 1,806,435 | 545,545 | 1,260,890 | 12/31/2012 | 1,472,448 | 567,223 | 905,225 | 12/31/2011 | 1,533,861 | |||||||||||||||||||||||
Loan | 27 | Town and Country Plaza | 1.2% | Hammond | Tangipahoa | LA | 70401 | 1973 | 1992 | 224,669 | Sq. Ft. | 55 | L(27), D(86), O(7) | YTD 7/31/2013 | 2,160,922 | 521,072 | 1,639,850 | 12/31/2012 | 1,818,089 | 432,114 | 1,385,975 | 12/31/2011 | 1,709,815 | |||||||||||||||||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | Various | Various | OH | Various | Various | Various | 326,100 | Sq. Ft. | 37 | L(24), D(92), O(4) | 12/31/2013 | 1,992,377 | 826,997 | 1,165,381 | |||||||||||||||||||||||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | Berea | Cuyahoga | OH | 44017 | 2003 | NAP | 42,200 | Sq. Ft. | 51 | ||||||||||||||||||||||||||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | Dayton | Franklin | OH | 45426 | 2000 | NAP | 52,800 | Sq. Ft. | 38 | ||||||||||||||||||||||||||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | Columbus | Franklin | OH | 43232 | 1977 | 2008 | 48,160 | Sq. Ft. | 41 | ||||||||||||||||||||||||||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | Akron | Summit | OH | 44312 | 1996, 1998 | NAP | 39,000 | Sq. Ft. | 38 | ||||||||||||||||||||||||||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | Heath | Licking | OH | 43056 | 1996 | NAP | 40,950 | Sq. Ft. | 35 | ||||||||||||||||||||||||||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | Zanesville | Muskingum | OH | 43701 | 1998 | NAP | 44,890 | Sq. Ft. | 31 | ||||||||||||||||||||||||||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | Granville | Licking | OH | 43023 | 1995 | NAP | 41,850 | Sq. Ft. | 28 | ||||||||||||||||||||||||||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | Hebron | Licking | OH | 43025 | 1996 | NAP | 16,250 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||
Loan | 29 | Doraville Plaza | 1.1% | Doraville | DeKalb | GA | 30340 | 1968 | 2011 | 190,167 | Sq. Ft. | 62 | L(25), D(91), O(4) | 12/31/2013 | 2,106,544 | 510,839 | 1,595,705 | 12/31/2012 | 2,022,367 | 461,206 | 1,561,161 | 12/31/2011 | 1,544,902 | |||||||||||||||||||||||
Loan | 30 | South Plaza | 1.1% | Akron | Summit | OH | 44319 | 1989 | NAP | 167,305 | Sq. Ft. | 67 | L(25), D(91), O(4) | 12/31/2013 | 1,315,603 | 682,570 | 633,033 | 12/31/2012 | 1,286,229 | 669,851 | 616,378 | 12/31/2011 | 2,272,617 | |||||||||||||||||||||||
Loan | 31 | 840 East 134th Street | 1.1% | Bronx | Bronx | NY | 10454 | 1912 | 2014 | 153,600 | Sq. Ft. | 73 | L(24), D(29), O(7) | |||||||||||||||||||||||||||||||||
Loan | 32 | Platte Airpark Center | 1.0% | Colorado Springs | El Paso | CO | 80916 | 2001 | NAP | 137,608 | Sq. Ft. | 79 | L(24), D(92), O(4) | 12/31/2013 | 1,774,295 | 468,643 | 1,305,652 | 12/31/2012 | 1,900,149 | 474,673 | 1,425,476 | 12/31/2011 | 2,121,210 | |||||||||||||||||||||||
Loan | 33 | The Pointe | 0.9% | Stone Mountain | DeKalb | GA | 30083 | 1987 | NAP | 356 | Units | 28,090 | L(25), D(31), O(4) | T-12 1/31/2014 | 2,463,602 | 1,518,676 | 944,926 | 12/31/2013 | 2,463,841 | 1,514,790 | 949,051 | 12/31/2012 | 2,249,626 | |||||||||||||||||||||||
Loan | 34 | Chateau Estates | 0.8% | Taunton | Bristol | MA | 02780 | 1974 | 2000-2006 | 120 | Units | 75,000 | L(24), D(93), O(3) | 12/31/2013 | 1,050,214 | 361,240 | 688,974 | 12/31/2012 | 1,294,184 | 389,142 | 905,042 | 12/31/2011 | 1,327,508 | |||||||||||||||||||||||
Loan | 35 | Villages at Nipomo | 0.8% | Nipomo | San Luis Obispo | CA | 93444 | 2009 | NAP | 37,939 | Sq. Ft. | 223 | L(24), D(92), O(4) | 12/31/2013 | 1,066,915 | 254,874 | 812,041 | 12/31/2012 | 1,064,893 | 275,730 | 789,163 | 12/31/2011 | 1,291,716 | |||||||||||||||||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | New York | New York | NY | 10011 | 1910 | 1999-2001 | 13,700 | Sq. Ft. | 582 | L(26), D(30), O(4) | 12/31/2013 | 623,000 | 138,213 | 484,787 | 12/31/2012 | 489,695 | 144,653 | 345,042 | 12/31/2011 | 644,873 | |||||||||||||||||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | Various | Various | Various | Various | Various | Various | 21,334 | Sq. Ft. | 361 | L(24), D(32), O(4) | 12/31/2013 | 791,972 | 53,454 | 738,518 | |||||||||||||||||||||||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | Las Vegas | Clark | NV | 89147 | 2004 | NAP | 5,500 | Sq. Ft. | 355 | ||||||||||||||||||||||||||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | Las Vegas | Clark | NV | 89135 | 2002 | NAP | 2,367 | Sq. Ft. | 722 | ||||||||||||||||||||||||||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | Las Vegas | Clark | NV | 89135 | 2002 | NAP | 2,367 | Sq. Ft. | 421 | ||||||||||||||||||||||||||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | Hendersonville | Sumner | TN | 37075 | 2004 | NAP | 1,650 | Sq. Ft. | 487 | ||||||||||||||||||||||||||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | Chattanooga | Hamilton | TN | 37421 | 2004 | NAP | 1,680 | Sq. Ft. | 470 | ||||||||||||||||||||||||||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | Bowling Green | Warren | KY | 42104 | 1984 | NAP | 1,860 | Sq. Ft. | 398 | �� | |||||||||||||||||||||||||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | Port St. Lucie | Saint Lucie | FL | 34986 | 2009 | NAP | 5,910 | Sq. Ft. | 120 | ||||||||||||||||||||||||||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | Cedar Rapids | Linn | IA | 52404 | 2002 | 2013 | 73,343 | Sq. Ft. | 101 | L(24), D(56), O(4) | 12/31/2013 | 911,227 | 911,227 | 12/31/2012 | 842,431 | 842,431 | 12/31/2011 | 842,424 | |||||||||||||||||||||||||
Loan | 39 | Lone Peak Village | 0.7% | Highland | Utah | UT | 84003 | 1994, 1998, 2002 and 2003 | NAP | 46,975 | Sq. Ft. | 151 | L(24), D(92), O(4) | 12/31/2013 | 997,489 | 263,614 | 733,875 | 12/31/2012 | 957,863 | 253,261 | 704,602 | 12/31/2011 | 988,574 | |||||||||||||||||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | Various | Various | IN | Various | Various | NAP | 192 | Rooms | 36,458 | L(24), D(91), O(5) | T-12 10/31/2013 | 2,613,767 | 1,308,854 | 1,304,913 | 12/31/2012 | 2,787,952 | 1,338,408 | 1,449,544 | 12/31/2011 | 2,634,616 | |||||||||||||||||||||||
Property | 40.01 | Quality Inn | 0.2% | Noblesville | Marion | IN | 46060 | 2004 | NAP | 64 | Rooms | 39,063 | T-12 10/31/2013 | 950,315 | 506,042 | 444,273 | 12/31/2012 | 939,278 | 427,731 | 511,547 | 12/31/2011 | 760,829 | ||||||||||||||||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | Lawrenceburg | Dearborn | IN | 47025 | 2002 | NAP | 64 | Rooms | 39,063 | T-12 10/31/2013 | 917,014 | 431,796 | 485,218 | 12/31/2012 | 967,387 | 450,451 | 516,936 | 12/31/2011 | 1,120,680 | ||||||||||||||||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | Indianapolis | Marion | IN | 46236 | 2006 | NAP | 64 | Rooms | 31,250 | T-12 10/31/2013 | 746,438 | 371,016 | 375,422 | 12/31/2012 | 881,287 | 460,226 | 421,061 | 12/31/2011 | 753,107 | ||||||||||||||||||||||||
Loan | 41 | The Piers | 0.6% | Port Richey | Pasco | FL | 34668 | 1991 | 2012 | 91,000 | Sq. Ft. | 75 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | Bayside | Queens | NY | 11361 | 1999 | NAP | 20,794 | Sq. Ft. | 325 | L(25), D(91), O(4) | 12/31/2012 | 949,577 | 262,135 | 687,442 | 12/31/2011 | 886,528 | |||||||||||||||||||||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | Phoenix | Maricopa | AZ | 85024 | 2009 | NAP | 68,195 | Sq. Ft. | 88 | L(26), D(90), O(4) | T-12 10/31/2013 | 581,982 | 144,047 | 437,935 | 12/31/2012 | 470,397 | 129,413 | 340,984 | 12/31/2011 | 188,344 | |||||||||||||||||||||||
Loan | 44 | ART Cedargate | 0.5% | Bloomington | Monroe | IN | 47408 | 1984 | 2013 | 126 | Units | 43,651 | L(27), D(89), O(4) | T-12 10/31/2013 | 855,081 | 336,865 | 518,216 | 12/31/2012 | 893,298 | 292,932 | 600,366 | |||||||||||||||||||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | Various | Harris | TX | Various | Various | NAP | 264,074 | Sq. Ft. | 20 | L(25), D(31), O(4) | T-12 12/31/2013 | 1,172,284 | 585,311 | 586,973 | 12/31/2012 | 1,138,926 | 501,877 | 637,049 | 12/31/2011 | 1,137,683 | |||||||||||||||||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | Houston | Harris | TX | 77092 | 1973 | NAP | 76,090 | Sq. Ft. | 17 | T-12 12/31/2013 | 241,474 | 103,983 | 137,491 | 12/31/2012 | 251,132 | 88,024 | 163,108 | 12/31/2011 | 249,910 | ||||||||||||||||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | Pasadena | Harris | TX | 77504 | 1985 | NAP | 34,500 | Sq. Ft. | 31 | T-12 12/31/2013 | 222,170 | 97,205 | 124,965 | 12/31/2012 | 219,876 | 85,365 | 134,511 | 12/31/2011 | 213,989 | ||||||||||||||||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | Houston | Harris | TX | 77088 | 1984 | NAP | 47,340 | Sq. Ft. | 23 | T-12 12/31/2013 | 235,488 | 132,417 | 103,071 | 12/31/2012 | 210,578 | 108,940 | 101,638 | 12/31/2011 | 219,430 | ||||||||||||||||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | Tomball | Harris | TX | 77375 | 1986 | NAP | 50,119 | Sq. Ft. | 17 | T-12 12/31/2013 | 191,932 | 79,640 | 112,292 | 12/31/2012 | 188,021 | 71,906 | 116,115 | 12/31/2011 | 187,358 | ||||||||||||||||||||||||
Property | 45.05 | 16530 West Hardy Street | 0.1% | Houston | Harris | TX | 77060 | 1984 | NAP | 30,350 | Sq. Ft. | 20 | T-12 12/31/2013 | 146,500 | 96,128 | 50,372 | 12/31/2012 | 138,613 | 81,727 | 56,886 | 12/31/2011 | 139,930 | ||||||||||||||||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | Deer Park | Harris | TX | 77536 | 1985 | NAP | 25,675 | Sq. Ft. | 20 | T-12 12/31/2013 | 134,721 | 75,939 | 58,782 | 12/31/2012 | 130,706 | 65,915 | 64,791 | 12/31/2011 | 127,065 | ||||||||||||||||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | Menlo Park | San Mateo | CA | 94025 | 1950 | NAP | 13,375 | Sq. Ft. | 388 | L(26), D(31), O(3) | |||||||||||||||||||||||||||||||||
Loan | 47 | The Cigar Factory | 0.5% | Pittsburgh | Allegheny | PA | 15222 | 1890 | 2000 | 75,595 | Sq. Ft. | 67 | L(24), D(92), O(4) | 12/31/2013 | 1,244,543 | 617,473 | 627,070 | 12/31/2012 | 1,158,847 | 631,442 | 527,405 | 12/31/2011 | 1,115,225 | |||||||||||||||||||||||
Loan | 48 | Kagy Village | 0.4% | Bozeman | Gallatin | MT | 59718 | 2004 | NAP | 71 | Units | 61,908 | L(25), YM1(92), O(3) | 12/31/2013 | 617,351 | 214,583 | 402,768 | 12/31/2012 | 597,159 | 217,516 | 379,643 | 12/31/2011 | 583,260 | |||||||||||||||||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | Dickinson | Stark | ND | 58601 | 2013 | NAP | 32 | Units | 127,202 | L(26), D(31), O(3) | T-3 12/31/2013 Ann. | 776,376 | 136,096 | 640,280 | |||||||||||||||||||||||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | Westport | Fairfield | CT | 06880 | 1950 | NAP | 17,335 | Sq. Ft. | 219 | L(25), D(91), O(4) | 12/31/2013 | 488,278 | 115,695 | 372,583 | 12/31/2012 | 467,023 | 125,846 | 341,177 | 12/11/2011 | 465,989 | |||||||||||||||||||||||
Loan | 51 | Double D Self Storage | 0.3% | Turlock | Stanislaus | CA | 95382 | 2002 | NAP | 88,388 | Sq. Ft. | 39 | L(24), D(91), O(5) | 12/31/2013 | 601,756 | 235,204 | 366,552 | 12/31/2011 | 599,401 | 277,794 | 321,607 | 12/31/2011 | 593,184 | |||||||||||||||||||||||
Loan | 52 | Conroe Self Storage | 0.3% | Conroe | Montgomery | TX | 77304 | 1999 | NAP | 66,550 | Sq. Ft. | 45 | L(24), D(92), O(4) | 12/31/2013 | 550,045 | 219,832 | 330,213 | 12/31/2012 | 468,915 | 220,493 | 248,422 | |||||||||||||||||||||||||
Loan | 53 | 190 South 8th Street | 0.2% | Brooklyn | Kings | NY | 11211 | 1917 | 2009-2011 | 44 | Units | 52,606 | L(26), D(91), O(3) | T-12 9/30/2013 | 761,330 | 372,643 | 388,687 | 12/31/2012 | 708,192 | 357,581 | 350,611 | 12/31/2011 | 672,198 | |||||||||||||||||||||||
Loan | 54 | Woodstock Exchange | 0.2% | Woodstock | Cherokee | GA | 30188 | 2003 | NAP | 14,918 | Sq. Ft. | 149 | L(25), D(91), O(4) | 12/31/2013 | 385,351 | 113,996 | 271,355 | 12/31/2012 | 337,285 | 107,191 | 230,094 | 12/31/2011 | 308,543 | |||||||||||||||||||||||
Loan | 55 | 113 Henry Street | 0.2% | New York | New York | NY | 10002 | 1900 | NAP | 23 | Units | 73,339 | L(27), D(90), O(3) | YTD 9/30/2013 | 207,242 | 93,258 | 113,984 | |||||||||||||||||||||||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | Brooklyn | Kings | NY | 11233 | 1905 | NAP | 14 | Units | 49,612 | L(27), D(90), O(3) | YTD 9/30/2013 | 115,716 | 42,066 | 73,650 | |||||||||||||||||||||||||||||
A-1-3
COMM 2014-CCRE16 | ||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||
% of | Third | Third | ||||||||||||||||||||||||||||||||||||||||||
Property | Initial Pool | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | ||||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Expenses($) | NOI($) | Debt Yield(10) | Debt Yield(10) | Revenue($) | EGI($) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(14)(16) | Expiration(15) | Extension Terms(15) | Largest Tenant(17)(19)(20)(21) | SF | Expiration(18) | 2nd Largest Tenant (17)(20)(21) | SF | ||||||||||||||||||||||
Loan | 1 | 25 Broadway(27) | 11.3% | 15,396,026 | 23,023,021 | 9.6% | 9.0% | 34,738,525 | 40,179,347 | 16,170,960 | 24,008,387 | 191,311 | 1,238,086 | 22,578,990 | Fee Simple | Léman Manhattan Preparatory School | 179,885 | 09/30/2030 | Teach For America | 129,827 | ||||||||||||||||||||||||
Loan | 2 | iPark Norwalk | 8.8% | 8.9% | 8.7% | 10,458,947 | 10,228,571 | 1,837,130 | 8,391,441 | 55,302 | 184,341 | 8,151,798 | Fee Simple | Norwalk Hospital Health & Wellness Center | 104,618 | 05/11/2028 | LA Fitness | 60,000 | ||||||||||||||||||||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | 18,831,523 | 7,811,417 | 12.8% | 11.1% | 15,632,129 | 31,594,289 | 20,744,643 | 10,849,646 | 1,421,743 | 9,427,903 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | 9.0% | 8.9% | 41,853,110 | 48,402,604 | 7,731,477 | 40,671,127 | 211,562 | 40,459,565 | Fee Simple | ||||||||||||||||||||||||||||||||
Property | 4.01 | Technology Corners | 4.1% | Fee Simple | 700,328 | 09/30/2024 | NAP | NAP | ||||||||||||||||||||||||||||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | Fee Simple | Amazon | 357,481 | 02/29/2024 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | 5,210,885 | 7,311,537 | 12.8% | 11.7% | 8,676,345 | 12,109,214 | 5,219,956 | 6,889,257 | 105,877 | 479,202 | 6,304,178 | Fee Simple | |||||||||||||||||||||||||||||
Property | 5.01 | West Ridge Mall | 4.1% | 4,751,391 | 6,273,004 | 7,651,830 | 10,453,644 | 4,713,696 | 5,739,947 | 80,994 | 392,249 | 5,266,704 | Fee Simple | Burlington Coat Factory | 112,700 | 01/31/2018 | Old Navy | 22,446 | ||||||||||||||||||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | 459,494 | 1,038,533 | 1,024,515 | 1,655,570 | 506,260 | 1,149,310 | 24,883 | 86,953 | 1,037,474 | Fee Simple | T.J. Maxx | 24,650 | 01/31/2022 | Dollar Tree | 12,783 | ||||||||||||||||||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | 1,308,619 | 1,886,776 | 8.1% | 7.8% | 4,512,516 | 4,919,917 | 1,587,553 | 3,332,364 | 32,323 | 83,147 | 3,216,894 | Fee Simple | DVF Studio LLC | 29,600 | 05/31/2018 | MagazineRadar, Inc. | 21,000 | ||||||||||||||||||||||||
Loan | 7 | Towngate Center | 3.0% | 9.3% | 8.5% | 4,160,229 | 4,592,428 | 1,612,293 | 2,980,135 | 42,866 | 218,435 | 2,718,834 | Fee Simple | TJ Maxx/HomeGoods | 51,000 | 08/04/2022 | Regency Theaters | 33,120 | ||||||||||||||||||||||||||
Loan | 8 | Atherton Square | 2.9% | 730,027 | 1,973,302 | 9.7% | 9.4% | 3,306,036 | 3,839,012 | 817,910 | 3,021,102 | 9,841 | 61,508 | 2,949,754 | Fee Simple | Gardner Family Clinic | 11,758 | 12/31/2027 | California Advanced Imaging | 5,637 | ||||||||||||||||||||||||
Loan | 9 | DoubleTree LAX | 2.7% | 6,391,559 | 2,938,613 | 11.6% | 10.1% | 9,036,360 | 10,447,777 | 7,095,808 | 3,351,969 | 417,911 | 2,934,058 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | 7.9% | 7.7% | 3,453,000 | 3,428,666 | 1,167,836 | 2,260,830 | 71,750 | 2,189,080 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | 5,064,095 | 3,608,897 | 15.9% | 14.3% | 9,981,887 | 10,024,999 | 6,119,028 | 3,905,971 | 401,000 | 3,504,971 | Fee Simple | ||||||||||||||||||||||||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | 1,945,709 | 1,569,900 | 3,948,481 | 3,956,643 | 2,305,550 | 1,651,093 | 158,266 | 1,492,828 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | 1,131,849 | 786,238 | 2,231,691 | 2,243,936 | 1,445,488 | 798,448 | 89,757 | 708,690 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | 1,203,461 | 630,339 | 2,170,241 | 2,181,213 | 1,445,213 | 735,999 | 87,249 | 648,751 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | 783,076 | 622,420 | 1,631,474 | 1,643,207 | 922,776 | 720,431 | 65,728 | 654,703 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | 935,887 | 1,661,485 | 8.2% | 7.9% | 2,834,064 | 2,880,177 | 956,865 | 1,923,312 | 52,750 | 1,870,562 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | 1,833,855 | 8.7% | 8.7% | 2,090,034 | 2,027,333 | 40,547 | 1,986,786 | 2,876 | 1,983,911 | Fee Simple | CVS Pharmacy | 14,378 | 04/30/2029 | NAP | NAP | ||||||||||||||||||||||||||
Loan | 14 | McBride Portfolio | 2.1% | 1,609,065 | 1,775,377 | 8.9% | 8.5% | 3,583,020 | 3,420,589 | 1,404,468 | 2,016,121 | 100,844 | 1,915,277 | Fee Simple | ||||||||||||||||||||||||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | 1,198,057 | 1,428,621 | 2,713,320 | 2,601,959 | 1,035,922 | 1,566,036 | 75,144 | 1,490,892 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 14.02 | River Reach | 0.5% | 411,008 | 346,756 | 869,700 | 818,630 | 368,546 | 450,084 | 25,700 | 424,384 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 15 | Agave Center | 2.1% | 10.1% | 8.9% | 3,360,673 | 3,420,191 | 1,156,384 | 2,263,808 | 43,948 | 219,741 | 2,000,118 | Fee Simple | Universal American Mortgage Company, LLC | 41,973 | 10/31/2018 | Logicals, Inc. | 19,940 | ||||||||||||||||||||||||||
Loan | 16 | 555 West 59th Street | 1.9% | 184,887 | 1,322,213 | 8.5% | 8.2% | 1,980,459 | 2,118,008 | 417,749 | 1,700,259 | 6,085 | 50,994 | 1,643,180 | Fee Simple | Hertz | 30,496 | 08/31/2023 | EVF Performance | 5,156 | ||||||||||||||||||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | 4,040,700 | 1,648,599 | 14.0% | 12.4% | 6,404,542 | 7,120,952 | 4,624,081 | 2,496,871 | 284,838 | 2,212,033 | Fee Simple | ||||||||||||||||||||||||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | 2,284,980 | 774,373 | 3,227,032 | 3,932,306 | 2,641,067 | 1,291,239 | 157,292 | 1,133,947 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | 1,038,089 | 408,375 | 1,786,345 | 1,791,141 | 1,111,560 | 679,581 | 71,646 | 607,935 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | 717,631 | 465,851 | 1,391,165 | 1,397,505 | 871,454 | 526,051 | 55,900 | 470,151 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 18 | Vivint Building | 1.5% | 9.8% | 9.3% | 2,099,863 | 1,994,870 | 421,555 | 1,573,315 | 11,380 | 75,869 | 1,486,066 | Fee Simple | Vivint, Inc. | 100,118 | 06/30/2028 | NAP | NAP | ||||||||||||||||||||||||||
Loan | 19 | Wainwright Building | 1.5% | 8.2% | 8.0% | 1,855,200 | 1,811,481 | 514,482 | 1,296,999 | 37,800 | 1,259,199 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | 9.7% | 9.2% | 1,695,464 | 1,614,961 | 157,908 | 1,457,053 | 10,127 | 62,511 | 1,384,415 | Fee Simple | Bronx Community Charter School | 31,000 | 07/01/2029 | Crunch Fitness | 15,834 | ||||||||||||||||||||||||||
Loan | 21 | Ridge Park Place | 1.4% | 571,406 | 1,014,056 | 10.2% | 9.5% | 2,268,553 | 2,270,558 | 777,418 | 1,493,140 | 25,617 | 65,339 | 1,402,184 | Fee Simple | Baptist Health System | 46,408 | 03/31/2029 | E.E.O.C. | 27,042 | ||||||||||||||||||||||||
Loan | 22 | Deerfield Apartments | 1.4% | 785,456 | 1,138,264 | 9.5% | 9.0% | 1,963,344 | 2,219,454 | 856,966 | 1,362,488 | 69,900 | 1,292,588 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | 333,545 | 1,121,053 | 8.5% | 8.2% | 1,608,267 | 1,527,853 | 382,402 | 1,145,451 | 17,079 | 23,721 | 1,104,651 | Leasehold | 8/1/2031 | 3, 10-year extensions; 1, 7-year extension | Best Buy | 47,441 | 01/31/2024 | NAP | NAP | ||||||||||||||||||||||
Loan | 24 | Hampden Centre | 1.2% | 700,205 | 1,300,526 | 11.7% | 10.8% | 2,281,040 | 2,171,102 | 628,902 | 1,542,200 | 36,502 | 85,170 | 1,420,528 | Fee Simple | Karns Prime & Fancy Food, Ltd | 39,571 | 03/31/2020 | DC Mechanicsburg Cinema, LLC | 32,855 | ||||||||||||||||||||||||
Loan | 25 | North Charleston Center | 1.2% | 475,356 | 1,151,576 | 10.7% | 9.3% | 1,808,236 | 1,921,622 | 577,391 | 1,344,231 | 47,250 | 129,938 | 1,167,044 | Fee Simple | Northern Tool | 32,928 | 04/30/2016 | DD's Discounts | 25,217 | ||||||||||||||||||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | 633,404 | 900,457 | 10.9% | 9.9% | 2,287,802 | 1,911,880 | 548,794 | 1,363,086 | 21,349 | 106,745 | 1,234,992 | Fee Simple | Aldi Inc | 18,861 | 11/30/2022 | Manifested Glory Worship | 15,221 | ||||||||||||||||||||||||
Loan | 27 | Town and Country Plaza | 1.2% | 449,053 | 1,260,762 | 10.6% | 9.0% | 1,842,997 | 2,018,861 | 709,593 | 1,309,267 | 76,387 | 115,121 | 1,117,759 | Fee Simple/Leasehold | July 31, 2015; February 3, 2018 | 5, 15-year options; 6, 5-year options | Winn-Dixie | 54,000 | 02/03/2018 | Ross Dress for Less | 27,700 | ||||||||||||||||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | 10.5% | 10.2% | 2,261,469 | 1,965,559 | 742,108 | 1,223,451 | 39,144 | 1,184,307 | Fee Simple | ||||||||||||||||||||||||||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||
Loan | 29 | Doraville Plaza | 1.1% | 408,570 | 1,136,332 | 12.2% | 10.9% | 1,844,246 | 1,926,743 | 482,920 | 1,443,823 | 41,837 | 110,296 | 1,291,690 | Fee Simple | Burlington Coat Factory | 85,537 | 02/28/2021 | Star & Bee Beauty Dist Inc | 25,050 | ||||||||||||||||||||||||
Loan | 30 | South Plaza | 1.1% | 782,359 | 1,490,257 | 10.2% | 9.2% | 1,516,841 | 1,792,709 | 641,235 | 1,151,475 | 33,461 | 83,653 | 1,034,361 | Fee Simple | Marc's | 74,310 | 05/31/2028 | Big Lots | 38,649 | ||||||||||||||||||||||||
Loan | 31 | 840 East 134th Street | 1.1% | 11.8% | 10.7% | 1,497,600 | 1,995,967 | 663,297 | 1,332,670 | 130,560 | 1,202,110 | Fee Simple | Moishe's Moving Systems, LLC | 153,600 | 03/31/2029 | NAP | NAP | |||||||||||||||||||||||||||
Loan | 32 | Platte Airpark Center | 1.0% | 481,292 | 1,639,918 | 14.1% | 12.6% | 1,755,647 | 2,045,061 | 513,310 | 1,531,751 | 27,522 | 137,608 | 1,366,622 | Fee Simple | Boeing Company | 67,736 | 12/31/2016 | Lockheed Martin | 35,669 | ||||||||||||||||||||||||
Loan | 33 | The Pointe | 0.9% | 1,484,922 | 764,704 | 8.9% | 8.0% | 2,423,064 | 2,438,747 | 1,544,762 | 893,985 | 89,000 | 804,985 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 34 | Chateau Estates | 0.8% | 397,742 | 929,766 | 7.7% | 7.7% | 1,070,503 | 1,055,264 | 359,710 | 695,554 | 695,554 | Fee Simple | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||
Loan | 35 | Villages at Nipomo | 0.8% | 268,765 | 1,022,951 | 10.0% | 9.4% | 1,197,270 | 1,137,407 | 295,957 | 841,450 | 5,691 | 37,939 | 797,820 | Fee Simple | Nipomo Antique Emporium | 7,805 | 11/30/2018 | Healing Touch | 5,702 | ||||||||||||||||||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | 156,014 | 488,859 | 8.8% | 8.6% | 1,023,163 | 961,774 | 255,870 | 705,904 | 2,940 | 14,700 | 688,264 | Fee Simple | Café Bene | 2,100 | 09/03/2023 | Minuit Entertainment | 2,100 | ||||||||||||||||||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | 8.8% | 8.5% | 806,834 | 766,492 | 87,415 | 679,077 | 5,242 | 21,334 | 652,501 | Fee Simple | |||||||||||||||||||||||||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | Fee Simple | Denny's | 5,500 | 02/28/2024 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | Fee Simple | Taco Bell | 2,367 | 05/31/2022 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | Fee Simple | KFC | 2,367 | 12/17/2021 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | Fee Simple | Starbucks | 1,650 | 09/30/2024 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | Fee Simple | Starbucks | 1,680 | 03/25/2024 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | Fee Simple | Starbucks | 1,860 | 05/31/2023 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | Fee Simple | Carrabba's Italian Grill | 5,910 | 08/28/2019 | NAP | NAP | |||||||||||||||||||||||||||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | 842,424 | 11.3% | 10.5% | 960,372 | 864,335 | 25,931 | 838,404 | 14,669 | 44,006 | 779,729 | Leasehold | 7/31/2052 | 4, 10-year options | H.J. Heinz | 73,343 | 05/31/2020 | NAP | NAP | |||||||||||||||||||||||
Loan | 39 | Lone Peak Village | 0.7% | 261,308 | 727,266 | 10.2% | 9.3% | 1,046,093 | 977,727 | 255,141 | 722,586 | 16,897 | 46,935 | 658,754 | Fee Simple | Pizza Pie Caffe | 4,098 | 03/31/2020 | Dear Lizzy, Inc | 4,020 | ||||||||||||||||||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | 1,405,696 | 1,228,920 | 16.8% | 15.2% | 2,512,140 | 2,613,767 | 1,434,941 | 1,178,827 | 113,446 | 1,065,380 | Fee Simple | ||||||||||||||||||||||||||||||
Property | 40.01 | Quality Inn | 0.2% | 399,640 | 361,189 | 924,572 | 950,315 | 524,341 | 425,974 | 43,524 | 382,450 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | 581,294 | 539,386 | 885,384 | 917,014 | 508,058 | 408,956 | 40,064 | 368,892 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | 424,762 | 328,345 | 702,184 | 746,438 | 402,542 | 343,896 | 29,858 | 314,038 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 41 | The Piers | 0.6% | 11.1% | 10.2% | 1,098,765 | 1,043,826 | 289,465 | 754,361 | 18,200 | 45,500 | 690,661 | Fee Simple | Burlington Coat Factory | 65,000 | 02/28/2023 | HHGregg | 26,000 | ||||||||||||||||||||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | 225,208 | 661,320 | 9.4% | 9.1% | 934,286 | 990,047 | 354,054 | 635,993 | 4,864 | 20,000 | 611,129 | Fee Simple | Main Street Radiology | 9,884 | 05/20/2017 | Cardiovascular Associates | 7,410 | ||||||||||||||||||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | 90,932 | 97,412 | 9.6% | 8.8% | 941,314 | 866,009 | 289,000 | 577,009 | 11,593 | 34,098 | 531,318 | Fee Simple | Guardian Pharmacy | 18,400 | 12/31/2017 | E3 Innovation, Inc. | 14,467 | ||||||||||||||||||||||||
Loan | 44 | ART Cedargate | 0.5% | 9.9% | 9.2% | 880,572 | 886,804 | 343,297 | 543,507 | 37,800 | 505,707 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | 541,652 | 596,031 | 11.5% | 11.0% | 1,372,608 | 1,239,297 | 621,328 | 617,969 | 23,254 | 594,715 | Fee Simple | ||||||||||||||||||||||||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | 92,609 | 157,302 | 292,188 | 252,573 | 150,483 | 102,090 | 9,171 | 92,919 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | 86,357 | 127,632 | 244,680 | 235,252 | 90,193 | 145,060 | 2,841 | 142,219 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | 122,643 | 96,787 | 285,840 | 248,659 | 126,598 | 122,061 | 3,309 | 118,752 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | 81,137 | 106,221 | 209,640 | 202,138 | 102,460 | 99,678 | 2,050 | 97,628 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Property | �� | 45.05 | 16530 West Hardy Street | 0.1% | 89,929 | 50,002 | 174,540 | 157,353 | 85,622 | 71,730 | 2,984 | 68,747 | Fee Simple | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | 68,978 | 58,087 | 165,720 | 143,323 | 65,972 | 77,351 | 2,899 | 74,451 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | 8.4% | 8.0% | 493,658 | 591,024 | 157,165 | 433,859 | 4,548 | 13,375 | 415,937 | Fee Simple | Union Bank, NA | 4,500 | 11/30/2015 | Ace Hardware | 3,360 | ||||||||||||||||||||||||||
Loan | 47 | The Cigar Factory | 0.5% | 624,446 | 490,779 | 10.6% | 9.0% | 1,180,763 | 1,156,893 | 619,229 | 537,664 | 19,590 | 63,195 | 454,879 | Fee Simple | Franklin Interiors | 16,515 | 03/31/2017 | Sitko Rodella | 11,258 | ||||||||||||||||||||||||
Loan | 48 | Kagy Village | 0.4% | 201,295 | 381,965 | 9.1% | 8.6% | 647,280 | 614,916 | 215,044 | 399,872 | 21,300 | 378,572 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | 16.9% | 16.7% | 883,200 | 856,440 | 169,610 | 686,830 | 8,000 | 678,830 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | 179,637 | 286,352 | 9.4% | 8.8% | 498,028 | 473,126 | 117,108 | 356,018 | 3,909 | 18,551 | 333,558 | Fee Simple | Sleepy's | 8,715 | 11/30/2018 | Jennifer Convertible | 5,100 | ||||||||||||||||||||||||
Loan | 51 | Double D Self Storage | 0.3% | 329,341 | 263,843 | 10.7% | 10.4% | 585,767 | 582,687 | 213,976 | 368,711 | 8,874 | 359,837 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 52 | Conroe Self Storage | 0.3% | 10.3% | 9.9% | 602,016 | 550,045 | 241,411 | 308,634 | 12,007 | 296,627 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 53 | 190 South 8th Street | 0.2% | 362,679 | 309,519 | 15.4% | 15.0% | 753,048 | 736,413 | 379,142 | 357,271 | 10,250 | 347,021 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||
Loan | 54 | Woodstock Exchange | 0.2% | 103,140 | 205,403 | 11.4% | 10.7% | 436,730 | 384,878 | 130,450 | 254,428 | 2,538 | 14,918 | 236,972 | Fee Simple | FedEx | 3,400 | 08/31/2018 | Leslie's Poolmart | 2,915 | ||||||||||||||||||||||||
Loan | 55 | 113 Henry Street | 0.2% | 10.2% | 9.9% | 276,831 | 280,269 | 108,900 | 171,369 | 5,000 | 166,369 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | 10.2% | 9.8% | 133,432 | 126,760 | 55,950 | 70,810 | 3,000 | 67,810 | Fee Simple | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||
A-1-4
COMM 2014-CCRE16 | ||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||||||||||||||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | Lease | Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax Reserves | Tax Reserves | Insurance | Insurance | ||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Expiration(18) | 3rd Largest Tenant(17)(20)(21) | SF | Expiration(18) | 4th Largest Tenant(20) | SF | Expiration(18) | 5th Largest Tenant(20)(21) | SF | Expiration(18) | Occupancy(21) | As-of Date | Reserves($)(22) | Reserves ($)(23)(24) | Reserves ($)(22) | Reserves ($)(23) | ($)(22) | ($)(23) | Reserves($)(22) | Reserves ($)(23) | |||||||||||||||||||||||
Loan | 1 | 25 Broadway(27) | 11.3% | 01/31/2032 | Deloitte LLP | 121,368 | 12/31/2016 | WeWork | 86,322 | 12/31/2034 | City University of New York | 43,785 | 01/31/2022 | 95.8% | 03/13/2014 | 15,943 | 20,420,098 | 79,713 | 1,693,530 | 423,383 | 422,627 | 46,959 | ||||||||||||||||||||||||
Loan | 2 | iPark Norwalk | 8.8% | 10/31/2026 | Cannondale | 50,977 | 06/30/2029 | State of Connecticut | 23,682 | 03/31/2024 | RMA | 23,448 | 07/31/2029 | 91.6% | 02/28/2014 | 4,608 | 15,361 | 136,000 | 68,000 | 192,424 | 19,320 | |||||||||||||||||||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 70.7% | 01/31/2014 | 1/12 of 4.5% of prior year's Gross Income | 218,333 | 54,583 | 764,423 | 81,080 | ||||||||||||||||||||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | 100.0% | 04/06/2014 | 17,630 | 31,289,848 | 172,473 | Springing | |||||||||||||||||||||||||||||||||||||
Property | 4.01 | Technology Corners | 4.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/06/2014 | |||||||||||||||||||||||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/06/2014 | |||||||||||||||||||||||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | 90.4% | 01/31/2014 | 8,823 | 39,934 | 742,500 | 148,500 | Springing | ||||||||||||||||||||||||||||||||||||
Property | 5.01 | West Ridge Mall | 4.1% | 01/31/2015 | Jock's Nitch | 10,320 | 05/31/2019 | Gap Outlet | 9,682 | 01/31/2018 | Eddie Bauer | 7,682 | 01/31/2015 | 88.9% | 01/31/2014 | |||||||||||||||||||||||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | 05/31/2015 | Famous Footwear | 9,987 | 01/31/2018 | El Maguey | 5,794 | 05/31/2014 | Lane Bryant | 4,500 | 01/31/2023 | 96.9% | 01/31/2014 | |||||||||||||||||||||||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | 03/31/2017 | Southern Graphic Systems, Inc. | 10,500 | 07/31/2017 | I.C. Isaacs & Co. , Inc. | 10,500 | 10/31/2017 | Nina Massini, Inc. | 10,500 | 01/31/2016 | 100.0% | 12/27/2013 | 2,694 | 400,000 | 4,040 | 52,692 | 52,692 | 16,050 | 5,856 | ||||||||||||||||||||||||
Loan | 7 | Towngate Center | 3.0% | 06/30/2022 | Ross Dress for Less | 25,200 | 01/31/2020 | Planet Fitness | 25,170 | 12/21/2023 | BevMo! | 13,166 | 01/31/2024 | 87.8% | 01/31/2014 | 401,000 | 3,572 | 145,352 | 18,203 | 40,360 | Springing | |||||||||||||||||||||||||
Loan | 8 | Atherton Square | 2.9% | 06/30/2022 | Pacific Endoscopy Center | 4,921 | 04/30/2023 | Dr. Jane Weston MD | 3,795 | 05/31/2018 | Dr. Steven Struck MD | 2,961 | 07/31/2019 | 91.0% | 01/01/2014 | Springing | 87,381 | Springing | Springing | Springing | ||||||||||||||||||||||||||
Loan | 9 | DoubleTree LAX | 2.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 88.6% | 12/31/2013 | 34,826 | 1/12 of 4% of gross revenue | 34,963 | 34,963 | 8,839 | 8,839 | |||||||||||||||||||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 90.2% | 01/07/2014 | 5,979 | 72,875 | 24,292 | 54,635 | 4,553 | ||||||||||||||||||||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | 73.6% | 12/31/2013 | Springing | 20,297 | 20,297 | Springing | |||||||||||||||||||||||||||||||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 67.9% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 75.2% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 77.0% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 80.5% | 12/31/2013 | |||||||||||||||||||||||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.6% | 02/07/2014 | 4,396 | 18,830 | 3,330 | 3,330 | |||||||||||||||||||||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/06/2014 | 240 | Springing | 4,250 | 1,417 | 2,513 | 279 | |||||||||||||||||||||||||
Loan | 14 | McBride Portfolio | 2.1% | 98.0% | Various | 8,410 | 338,300 | 56,383 | 16,371 | 8,186 | ||||||||||||||||||||||||||||||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 99.2% | 01/31/2014 | |||||||||||||||||||||||||||||||
Property | 14.02 | River Reach | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 01/21/2014 | |||||||||||||||||||||||||||||||
Loan | 15 | Agave Center | 2.1% | 12/31/2017 | Transperfect Remote Interpreting, Inc. | 13,502 | 01/31/2019 | Nationwide Financial Group, Inc. | 13,489 | 10/31/2016 | PCL Construction, Inc. | 12,975 | 10/31/2016 | 93.9% | 02/11/2014 | 3,662 | 18,312 | 30,833 | 30,833 | 32,996 | 4,498 | |||||||||||||||||||||||||
Loan | 16 | 555 West 59th Street | 1.9% | 12/31/2023 | Riverside Center | 4,916 | 02/28/2017 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/17/2014 | 507 | 115,000 | 4,167 | 79,115 | 19,779 | 7,392 | 3,696 | ||||||||||||||||||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | 71.8% | 12/31/2013 | 4% of Prior Month's Operating Income | 217,485 | 27,710 | 19,179 | 3,196 | ||||||||||||||||||||||||||||||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 76.1% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 70.2% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 66.0% | 12/31/2013 | |||||||||||||||||||||||||||||||
Loan | 18 | Vivint Building | 1.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | 1,251 | 8,343 | 127,500 | 25,500 | 4,090 | 1,022 | |||||||||||||||||||||||||
Loan | 19 | Wainwright Building | 1.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.0% | 01/28/2014 | 3,150 | 4,000 | 4,000 | 13,371 | 1,910 | ||||||||||||||||||||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | 10/31/2033 | ASCOA | 15,677 | 12/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | 92.6% | 01/09/2014 | 844 | Springing | 11,000 | 3,667 | Springing | ||||||||||||||||||||||||||
Loan | 21 | Ridge Park Place | 1.4% | 05/26/2021 | Dominick Feld Hyde, P.C. | 20,593 | 08/31/2023 | Norman, Wood, Kendrick & Turner | 9,010 | 06/30/2022 | N.L.R.B. | 3,853 | 08/13/2022 | 96.6% | 02/01/2014 | 2,135 | 9,704 | 78,469 | 12,338 | Springing | ||||||||||||||||||||||||||
Loan | 22 | Deerfield Apartments | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.1% | 01/31/2014 | Springing | 31,250 | 15,625 | 3,912 | 3,912 | ||||||||||||||||||||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | 1,423 | 22,220 | 5,555 | 1,490 | 1,490 | ||||||||||||||||||||||||||
Loan | 24 | Hampden Centre | 1.2% | 09/01/2029 | Planet Fitness | 24,150 | 07/31/2017 | Ambassador Home Improvements, Inc. | 23,400 | 01/31/2018 | Goodwill Keystone Area | 12,927 | 09/30/2016 | 80.9% | 01/16/2014 | 3,042 | 7,098 | 78,167 | 11,167 | 62,950 | 6,295 | |||||||||||||||||||||||||
Loan | 25 | North Charleston Center | 1.2% | 01/31/2024 | Home Décor Liquidators | 25,000 | 01/31/2017 | Petco | 17,400 | 01/31/2015 | Teppanyaki Grill Buffet | 16,216 | 01/31/2020 | 87.5% | 02/05/2014 | 3,938 | 150,000 | 10,828 | 46,250 | 15,417 | 8,565 | 8,565 | ||||||||||||||||||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | 04/30/2019 | Bridgestone Firestone | 15,000 | 12/31/2015 | Dollar Tree | 13,500 | 01/31/2017 | Aaron Inc Store | 7,566 | 11/30/2017 | 75.5% | 01/29/2014 | 1,779 | 80,588 | 8,895 | 96,250 | 13,750 | ||||||||||||||||||||||||||
Loan | 27 | Town and Country Plaza | 1.2% | 01/31/2022 | Office Depot | 22,536 | 09/30/2015 | Citi Trends | 10,582 | 05/31/2014 | CVS | 10,080 | 04/15/2014 | 94.1% | 01/01/2014 | 6,366 | 350,000 | 12,170 | 36,192 | 18,096 | 23,375 | 11,688 | ||||||||||||||||||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | 83.7% | 12/31/2013 | 4,078 | 50,355 | 17,296 | Springing | |||||||||||||||||||||||||||||||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 83.8% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 79.8% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.7% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.9% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 72.0% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.8% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 65.5% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 76.4% | 12/31/2013 | |||||||||||||||||||||||||||||||
Loan | 29 | Doraville Plaza | 1.1% | 01/31/2015 | Young's Trading | 13,000 | 04/30/2021 | Ace Handbags, Inc. | 11,975 | 05/30/2019 | Adda International | 7,500 | 07/31/2016 | 100.0% | 11/30/2013 | 3,486 | 14,263 | 123,333 | 15,417 | 5,335 | 2,667 | |||||||||||||||||||||||||
Loan | 30 | South Plaza | 1.1% | 01/31/2021 | Golds Gym | 13,800 | 07/31/2024 | Hallmark | 5,400 | 02/28/2019 | Key Corp | 3,555 | 06/30/2016 | 93.9% | 02/25/2014 | 2,728 | Springing | 51,500 | 25,750 | 10,510 | 2,628 | |||||||||||||||||||||||||
Loan | 31 | 840 East 134th Street | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/06/2014 | 10,880 | 75,841 | 18,960 | Springing | |||||||||||||||||||||||||||
Loan | 32 | Platte Airpark Center | 1.0% | 12/31/2018 | Computer Science Corporation | 12,433 | 10/31/2015 | L-3 Communications Corporation | 10,000 | 12/31/2017 | NAP | NAP | NAP | 91.4% | 03/05/2014 | 2,293 | 375,000 | 11,467 | 74,167 | 14,833 | 8,761 | 2,190 | ||||||||||||||||||||||||
Loan | 33 | The Pointe | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.0% | 02/27/2014 | 400,000 | 7,417 | 75,000 | 12,500 | 82,373 | 9,153 | |||||||||||||||||||||||||
Loan | 34 | Chateau Estates | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.9% | 01/01/2014 | 281,510 | 45,000 | 5,000 | 15,852 | 5,284 | ||||||||||||||||||||||||||
Loan | 35 | Villages at Nipomo | 0.8% | 11/30/2018 | Wells Fargo | 4,000 | 09/30/2018 | Me & Ed's Pizza | 3,934 | 11/30/2015 | Lemos Pet Supply | 3,000 | 06/30/2018 | 100.0% | 03/01/2014 | 474 | 474 | 3,162 | 3,162 | 12,183 | 2,030 | 8,370 | 1,196 | |||||||||||||||||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | 09/29/2018 | Easy Rent | 2,000 | 01/31/2016 | MC2MM | 1,800 | 09/30/2018 | App First | 1,800 | 03/31/2018 | 100.0% | 01/07/2014 | 245 | 1,225 | 8,000 | 4,000 | 5,295 | 2,647 | |||||||||||||||||||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | 100.0% | 04/05/2014 | 434 | 1,887 | Springing | Springing | |||||||||||||||||||||||||||||||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | |||||||||||||||||||||||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/06/2014 | 1,222 | 3,667 | Springing | Springing | |||||||||||||||||||||||||||
Loan | 39 | Lone Peak Village | 0.7% | 12/31/2017 | Orange Leaf Frozen Yogurt | 2,660 | 03/31/2016 | WPI Enterprises | 2,484 | 04/01/2020 | China Wok | 2,000 | 03/31/2018 | 94.3% | 01/29/2014 | 1,408 | 3,911 | 32,842 | 6,568 | |||||||||||||||||||||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | 52.0% | 10/31/2013 | 1/12 of 4.0% of prior year's Gross Income | 14,333 | 78,063 | 7,097 | |||||||||||||||||||||||||||||||||||||
Property | 40.01 | Quality Inn | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 62.3% | 10/31/2013 | |||||||||||||||||||||||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 48.1% | 10/31/2013 | |||||||||||||||||||||||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 45.6% | 10/31/2013 | |||||||||||||||||||||||||||||||
Loan | 41 | The Piers | 0.6% | 10/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/05/2014 | 1,500 | Springing | 37,080 | 9,270 | 5,333 | 5,333 | |||||||||||||||||||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | 03/30/2016 | Boulevard Associates II, LLC | 3,500 | 03/30/2016 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/01/2014 | 405 | Springing | 30,000 | 10,000 | 11,200 | 1,600 | |||||||||||||||||||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | 05/31/2016 | Patterson Veterniary Supply | 12,051 | 07/31/2020 | Healthcare Excellence | 9,114 | 03/31/2018 | Pet Firm & Associates | 5,353 | 09/30/2015 | 93.5% | 12/03/2013 | 852 | 852 | 2,841 | 2,841 | 9,900 | 1,763 | 882 | ||||||||||||||||||||||||
Loan | 44 | ART Cedargate | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.4% | 11/25/2013 | 3,150 | 63,975 | 7,108 | 3,984 | 1,992 | ||||||||||||||||||||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | 84.8% | 12/31/2013 | 1,982 | 40,000 | 13,333 | 47,246 | 4,295 | ||||||||||||||||||||||||||||||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 82.6% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.8% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 78.8% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.5% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 45.05 | 16530 West Hardy Street | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 80.3% | 12/31/2013 | |||||||||||||||||||||||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 78.1% | 12/31/2013 | |||||||||||||||||||||||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | 01/31/2024 | Yakiniku House Juban, Inc. | 3,315 | 08/31/2016 | Kamili Imports Inc. | 2,200 | 08/31/2017 | NAP | NAP | NAP | 100.0% | 02/05/2014 | 379 | 1,115 | 7,667 | 7,667 | 361 | 361 | |||||||||||||||||||||||||
Loan | 47 | The Cigar Factory | 0.5% | 12/31/2018 | Berkley Inc. | 10,914 | 06/30/2019 | Mobile Fusion | 4,785 | 02/28/2015 | Bielau Tierney Coon & Co. | 3,115 | 02/28/2015 | 100.0% | 01/25/2014 | 1,659 | 5,266 | 9,652 | 7,833 | 1,305 | ||||||||||||||||||||||||||
Loan | 48 | Kagy Village | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/13/2014 | 1,775 | 22,500 | 4,500 | 10,722 | 1,072 | ||||||||||||||||||||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/15/2014 | 667 | 5,167 | 5,167 | 10,083 | 917 | ||||||||||||||||||||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | 02/28/2019 | Port America | 1,870 | 04/30/2021 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2014 | 332 | 1,546 | 15,450 | 5,150 | 920 | 920 | |||||||||||||||||||||||||
Loan | 51 | Double D Self Storage | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 90.0% | 02/03/2014 | 740 | 4,305 | 4,305 | 5,263 | 752 | ||||||||||||||||||||||||||
Loan | 52 | Conroe Self Storage | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 92.9% | 02/25/2014 | 999 | 12,167 | 6,083 | 1,063 | 531 | ||||||||||||||||||||||||||
Loan | 53 | 190 South 8th Street | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/30/2013 | 854 | 24,000 | 12,000 | 13,633 | 1,704 | ||||||||||||||||||||||||||
Loan | 54 | Woodstock Exchange | 0.2% | 11/30/2017 | Uncle Maddio's Pizza | 2,546 | 12/31/2016 | Moe's Southwest Grill | 2,481 | 09/30/2018 | Firehouse Subs | 1,876 | 09/30/2014 | 100.0% | 02/28/2014 | 211 | 1,243 | 6,553 | 1,638 | 927 | 371 | |||||||||||||||||||||||||
Loan | 55 | 113 Henry Street | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 91.3% | 10/17/2013 | 458 | 3,417 | 3,417 | 6,557 | 937 | ||||||||||||||||||||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/05/2013 | 250 | 833 | 833 | 4,253 | 608 | ||||||||||||||||||||||||||
A-1-5
COMM 2014-CCRE16 | ||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||
% of | Upfront | Other | Other | Environmental | ||||||||||||||||
Property | Initial Pool | Engineering | Reserves($) | Reserves | Report | Engineering | Loan | |||||||||||||
Flag | ID | Property Name | Balance | Reserve($)(22) | (20)(22)(23)(24) | Description(20)(22)(23)(24) | Date(25)(26) | Report Date | Purpose | Sponsor | ||||||||||
Loan | 1 | 25 Broadway(27) | 11.3% | 165,000 | 10,622,058 | Rent Concession Reserve (Upfront: 10,622,058);Additional Rollover Reserve (Springing Monthly: Excess Cash Flow) | 01/24/2014 | 01/27/2014 | Refinance | BF&W Realty Company | ||||||||||
Loan | 2 | iPark Norwalk | 8.8% | 5,608,014 | RMA TI (Upfront: 2,058,600); Free Rent (Upfront: 1,693,965); Coastal TI (Upfront: 1,058,449); DCF TI (Upfront: 444,000); Environmental Reserve (Upfront: 238,000); Norwalk TI (Upfront: 115,000) | 01/30/2014 | 01/31/2014 | Refinance | Joseph Cotter | |||||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | 16,250 | 1,280,000 | PIP (Upfront: 780,000, Monthly: Springing); Seasonality (Upfront: 490,000, Monthly: Springing); Submerged Land Lease (Upfront: 10,000, Springing Monthly: Excess Cash Flow); Ship Release (Springing: one-time deposit) | 02/12/2014 | 12/05/2013 | Refinance | CSC Holdings, LLC; Columbia Sussex Corporation | ||||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | Refinance | Joseph K. Paul; Jay Paul Revocable Living Trust | |||||||||||||
Property | 4.01 | Technology Corners | 4.1% | 11/17/2013 | 11/19/2013 | |||||||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | 11/19/2013 | 11/19/2013 | |||||||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | Refinance | Simon Property Group, L.P. | |||||||||||||||
Property | 5.01 | West Ridge Mall | 4.1% | 02/21/2014 | 01/30/2014 | |||||||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | 02/26/2014 | 01/30/2014 | |||||||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | 81,688 | 08/09/2013 | 07/19/2013 | Refinance | Abraham Talassazan | ||||||||||||
Loan | 7 | Towngate Center | 3.0% | 482,648 | Free Rent Reserve (Upfront: 132,648); Environmental Reserve (Upfront: 350,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 02/12/2014 | 01/09/2014 | Acquisition | Marcor, LLC | |||||||||||
Loan | 8 | Atherton Square | 2.9% | 02/28/2014 | 01/22/2014 | Refinance | Stephen P. Diamond | |||||||||||||
Loan | 9 | DoubleTree LAX | 2.7% | 77,000 | 2,944,880 | PIP and PIP Management Fee (Upfront: 2,944,880) | 11/25/2013 | 11/26/2013 | Acquisition | Bhavesh Patel | ||||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | 17,500 | 01/16/2014 | 01/16/2014 | Acquisition | John D. Blanchard; Samuel L. Miller | ||||||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | 6,000,000 | PIP Reserve (Upfront: 6,000,000) | Acquisition | American Hotel Income Properties REIT Inc. | |||||||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | 02/13/2014 | 02/13/2014 | |||||||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | 02/13/2014 | 02/13/2014 | |||||||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | 02/13/2014 | 02/11/2014 | |||||||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | 02/14/2014 | 02/13/2014 | |||||||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | 01/15/2014 | 01/15/2014 | Refinance | Roger W. Kuula; Jon A. Wood | |||||||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | 1,429,215 | Rent Credit Reserve (Upfront: 1,402,551); Common Charge Reserve (Upfront: 26,664, Monthly: Springing) | 01/31/2014 | 01/31/2014 | Acquisition | Louis J. Rogers | |||||||||||
Loan | 14 | McBride Portfolio | 2.1% | 81,725 | Refinance | Eric J. Morgan; Patricia L. McBride | ||||||||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | 01/28/2014 | 01/29/2014 | |||||||||||||||
Property | 14.02 | River Reach | 0.5% | 01/28/2014 | 01/28/2014 | |||||||||||||||
Loan | 15 | Agave Center | 2.1% | 75,250 | 01/15/2014 | 01/02/2014 | Acquisition | Christopher R. Dornin; Jerald M. Weintraub | ||||||||||||
Loan | 16 | 555 West 59th Street | 1.9% | 136,099 | Free Rent Reserve (Upfront: 129,667); Common Charges Reserve (Upfront: 6,433; Monthly: 6,433); Lease Sweep Period (Springing Monthly: Excess Cash Flow) | 02/21/2014 | 02/18/2014 | Acquisition | Ben Ashkenazy | |||||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | 889,000 | Property Renovation Reserve (Upfront: 750,000); Seasonal Working Capital Reserve (Upfront: 139,000; Monthly: Springing) | Refinance | Alexander Mowczan; Frederick A. Hackl | |||||||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | 02/12/2014 | 02/12/2014 | |||||||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | 02/08/2014 | 02/12/2014 | |||||||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | 02/12/2014 | 02/13/2014 | |||||||||||||||
Loan | 18 | Vivint Building | 1.5% | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | 02/07/2014 | 02/06/2014 | Refinance | KC Gardner Company, L.C. | |||||||||||
Loan | 19 | Wainwright Building | 1.5% | 35,000 | 650,000 | Earn-out Reserve (Upfront: 650,000) | 01/17/2014 | 11/21/2013 | Refinance | Jeffrey D. Wassmer; Frank T. Gadams; John F. Biagas | ||||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | 568,015 | BCCS Rent Abatement Reserve (Upfront: 325,846); Crunch Fitness TI/LC Reserve (Upfront: 211,525); Crunch Rent Abatement Reserve (Upfront: 30,644) | 02/26/2014 | 12/03/2013 | Refinance | Francesca Madruga; Amnon Shalhov; Chava Lobel | |||||||||||
Loan | 21 | Ridge Park Place | 1.4% | 330,339 | EEOC Funds (Upfront: 330,339); Baptist Health Funds (Springing Monthly: 9,667) | 02/14/2014 | 02/14/2014 | Refinance | Sloss Real Estate Company, Inc.; Catherine Sloss Jones | |||||||||||
Loan | 22 | Deerfield Apartments | 1.4% | 750,000 | 01/07/2014 | 01/07/2014 | Acquisition | The Suffolk Family Trust | ||||||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | 91,023 | 26,439 | Ground Rent Reserve (Upfront: 26,439; Monthly: 2,938) | 12/13/2013 | 12/11/2013 | Refinance | Martin Ginsburg | ||||||||||
Loan | 24 | Hampden Centre | 1.2% | 590,000 | Springing | Anchor Tenant Reserve (Springing Monthly: Excess Cash Flow) | 12/17/2013 | 12/17/2013 | Refinance | David F. Lavipour; Arnold Fischman; Melvin Fischman | ||||||||||
Loan | 25 | North Charleston Center | 1.2% | 51,563 | Springing | Major Tenant Rollover Reserve (Springing Monthly: Excess Cash Flow) | 11/20/2013 | 11/20/2013 | Acquisition | Moshe Manoah; Blair Schlossberg; Stephen M. LaMastra | ||||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | 295,375 | 36,000 | Free Rent Holdback (Upfront: 36,000) | 01/13/2014 | 03/11/2014 | Refinance | Delphi Commercial Properties, Inc.; DLC Management Corporation | ||||||||||
Loan | 27 | Town and Country Plaza | 1.2% | 45,000 | 1,500,000 | PetSmart Reserve (Upfront: 1,500,000) | 01/06/2014 | 12/20/2013 | Acquisition | Core Property Capital Fund II, LP | ||||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | 71,375 | 500,000 | Earnout Reserve (Upfront: 500,000) | Refinance | Fred P. Schwartz; Baruch C. Manies; Alex Hoffman | ||||||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | 01/17/2014 | 01/10/2014 | |||||||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | 01/17/2014 | 01/09/2014 | |||||||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | 01/17/2014 | 01/09/2014 | |||||||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | 01/17/2014 | 01/09/2014 | |||||||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | 01/17/2014 | 01/10/2014 | |||||||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | 01/17/2014 | 01/09/2014 | |||||||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | 01/17/2014 | 01/09/2014 | |||||||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | 01/17/2014 | 01/09/2014 | |||||||||||||||
Loan | 29 | Doraville Plaza | 1.1% | 430,737 | Springing | Anchor Tenant Reserve (Springing Monthly: Excess Cash Flow) | 02/14/2014 | 01/27/2014 | Acquisition | William P. Barnes | ||||||||||
Loan | 30 | South Plaza | 1.1% | 120,000 | 62,100 | Gold's Gym Rent Reserve (Upfront: 62,100) | 02/12/2014 | 02/10/2014 | Refinance | Lawrence B. Levey | ||||||||||
Loan | 31 | 840 East 134th Street | 1.1% | 458,858 | 2,300,000 | Build-Out Fund (Upfront: 2,300,000) | 11/14/2013 | 02/22/2014 | Recapitalization | Moishe Mana | ||||||||||
Loan | 32 | Platte Airpark Center | 1.0% | 02/14/2014 | 02/14/2014 | Acquisition | Fairbridge Partners, LLC; Dmitry I. Gordeev | |||||||||||||
Loan | 33 | The Pointe | 0.9% | 48,375 | 01/27/2014 | 01/27/2014 | Acquisition | Eli Bleeman | ||||||||||||
Loan | 34 | Chateau Estates | 0.8% | 184,470 | 2,769,915 | Construction Reserve (Upfront: 2,669,915); Rent Holdback Reserve (Upfront: 100,000) | 02/17/2014 | 01/16/2014 | Refinance | Marvin M. Glick | ||||||||||
Loan | 35 | Villages at Nipomo | 0.8% | 1,313 | 25,000 | Half March and Rimbursment Reserve(Upfront: 18,946); CPM Reserve (Upfront: 25,000); TI due to UPS (Upfront: 6,500) | 02/06/2014 | 02/05/2014 | Acquisition | Karl Bakhtiari | ||||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | 2,938 | 27,000 | Free Rent Reserve (Upfront: 27,000) | 12/18/2013 | 12/18/2013 | Refinance | Anthony C. Marano | ||||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | Refinance | Dewey Lineberry | |||||||||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | 01/29/2014 | 03/11/2014 | |||||||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | 12/30/2013 | 12/31/2013 | |||||||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | 12/30/2013 | 12/31/2013 | |||||||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | 02/12/2014 | 02/12/2014 | |||||||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | 01/02/2014 | 12/31/2013 | |||||||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | 12/30/2013 | 12/31/2013 | |||||||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | 01/22/2014 | 12/31/2013 | |||||||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | 02/04/2014 | 02/04/2014 | Refinance | Sherwin Jarol | |||||||||||||
Loan | 39 | Lone Peak Village | 0.7% | 93,000 | Environmental Reserve (Upfront: 75,000); TI Work Reserve (Upfront: 18,000) | 02/11/2014 | 02/06/2014 | Refinance | Richard Mendenhall | |||||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | Refinance | Chance L. Felling; Shane L. Felling | |||||||||||||||
Property | 40.01 | Quality Inn | 0.2% | 08/07/2013 | 08/07/2013 | |||||||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | 08/07/2013 | 08/07/2013 | |||||||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | 08/07/2013 | 08/06/2013 | |||||||||||||||
Loan | 41 | The Piers | 0.6% | 5,250 | 50,000 | Burlington Repairs Reserve (Upfront: 50,000) | 01/10/2014 | 01/10/2014 | Acquisition | Marc Jacobowitz; Yerachmeal Jacobson | ||||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | 1,800,000 | Earn-out Reserve (Upfront: 1,800,000) | 11/11/2013 | 11/11/2013 | Refinance | William Tenet; Nicholas Megdanis | |||||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | 11,125 | 12/30/2013 | 01/02/2014 | Acquisition | Kevin B. Pshebniski | ||||||||||||
Loan | 44 | ART Cedargate | 0.5% | 13,125 | 12/13/2013 | 12/13/2013 | Refinance | Arbor Realty SR, Inc. | ||||||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | 165,000 | 683,000 | Capital Improvements Reserve (Upfront: 441,000); Roof Replacement Reserve (Upfront: 242,000) | Acquisition | Natin Paul | ||||||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | 01/14/2014 | 01/09/2014 | |||||||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | 01/13/2014 | 01/09/2014 | |||||||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | 01/14/2014 | 01/09/2014 | |||||||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | 01/13/2014 | 01/09/2014 | |||||||||||||||
Property | 45.05 | 16530 West Hardy Street | 0.1% | 01/15/2014 | 01/09/2014 | |||||||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | 01/13/2014 | 01/09/2014 | |||||||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | 02/04/2014 | 01/22/2014 | Acquisition | Vasile C. Oros | |||||||||||||
Loan | 47 | The Cigar Factory | 0.5% | 24,063 | Springing | Parking Rent (Springing Monthly: 5,500) | 02/10/2014 | 02/10/2014 | Refinance | Joel Kranich; Barry Lhormer; Gregg Perelman; Peter Smerd | ||||||||||
Loan | 48 | Kagy Village | 0.4% | 02/17/2014 | 02/17/2014 | Refinance | David M. MacDonald | |||||||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | 01/08/2014 | 01/09/2014 | Refinance | Gerald A. Haan | |||||||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | 17,750 | 33,471 | Free Rent Escrow (Upfront: (33,471) | 01/23/2014 | 01/23/2014 | Refinance | Gitty Kestenbaum; Moshe Kestenbaum | ||||||||||
Loan | 51 | Double D Self Storage | 0.3% | 3,125 | 01/27/2014 | 02/03/2014 | Refinance | Carson Rasmussen; Michael Morgan; Nels Stemm | ||||||||||||
Loan | 52 | Conroe Self Storage | 0.3% | 16,313 | 02/11/2014 | 02/10/2014 | Acquisition | Andrew M. Kaplan | ||||||||||||
Loan | 53 | 190 South 8th Street | 0.2% | 12/13/2013 | 12/13/2013 | Refinance | Robert Raphael | |||||||||||||
Loan | 54 | Woodstock Exchange | 0.2% | 3,750 | 01/13/2014 | 01/15/2014 | Refinance | Jeffrey B. Kerker; Jan R. Saperstein | ||||||||||||
Loan | 55 | 113 Henry Street | 0.2% | 07/30/2013 | 07/31/2013 | Refinance | Robert Raphael | |||||||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | 08/07/2013 | 08/07/2013 | Recapitalization | Robert Raphael | |||||||||||||
A-1-6
COMM 2014-CCRE16 | ||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||
% of | Existing | Future Debt | ||||||||||||
Property | Initial Pool | Additional Debt | Permitted | |||||||||||
Flag | ID | Property Name | Balance | Guarantor | Amount | Existing Additional Debt Description | Type | |||||||
Loan | 1 | 25 Broadway(27) | 11.3% | BF&W Realty Company | 130,000,000 | $130.0 Million Pari Passu Debt | NAP | |||||||
Loan | 2 | iPark Norwalk | 8.8% | Joseph Cotter | None | NAP | ||||||||
Loan | 3 | Sanibel Harbour Marriott Resort & Spa | 8.0% | CSC Holdings, LLC; Columbia Sussex Corporation | None | NAP | ||||||||
Loan | 4 | Google and Amazon Office Portfolio(27)(28) | 6.3% | Joseph K. Paul; Jay Paul Revocable Living Trust | 452,800,000 | $385.0 Million Pari Passu Debt; $67.8 Million Mezzanine Debt | NAP | |||||||
Property | 4.01 | Technology Corners | 4.1% | |||||||||||
Property | 4.02 | Moffett Towers Building D | 2.2% | |||||||||||
Loan | 5 | West Ridge Mall & Plaza | 5.1% | Simon Property Group, L.P. | None | NAP | ||||||||
Property | 5.01 | West Ridge Mall | 4.1% | |||||||||||
Property | 5.02 | West Ridge Plaza | 1.0% | |||||||||||
Loan | 6 | 252 West 37th Street | 3.9% | Abraham Talassazan | None | Mezzanine | ||||||||
Loan | 7 | Towngate Center | 3.0% | Marcor, LLC | None | NAP | ||||||||
Loan | 8 | Atherton Square | 2.9% | Stephen P. Diamond | None | NAP | ||||||||
Loan | 9 | DoubleTree LAX | 2.7% | Bhavesh Patel | None | Mezzanine | ||||||||
Loan | 10 | Madison Square at Northlake Apartments | 2.7% | John D. Blanchard; Samuel L. Miller | None | NAP | ||||||||
Loan | 11 | Beck Hotel Portfolio | 2.3% | American Hotel Income Properties REIT Inc. | None | NAP | ||||||||
Property | 11.01 | Hampton Inn Harrisonburg University | 1.0% | |||||||||||
Property | 11.02 | Hampton Inn Harrisonburg South | 0.5% | |||||||||||
Property | 11.03 | Hampton Inn Emporia | 0.4% | |||||||||||
Property | 11.04 | Fairfield Inn & Suites South Hill | 0.4% | |||||||||||
Loan | 12 | Sierra Oaks Apartments | 2.2% | Roger W. Kuula; Jon A. Wood | None | NAP | ||||||||
Loan | 13 | CVS Las Vegas Strip | 2.2% | Louis J. Rogers | None | NAP | ||||||||
Loan | 14 | McBride Portfolio | 2.1% | Eric J. Morgan; Patricia L. McBride | None | NAP | ||||||||
Property | 14.01 | Edwardsville 4 | 1.6% | |||||||||||
Property | 14.02 | River Reach | 0.5% | |||||||||||
Loan | 15 | Agave Center | 2.1% | Christopher R. Dornin; Jerald M. Weintraub | None | NAP | ||||||||
Loan | 16 | 555 West 59th Street | 1.9% | Ben Ashkenazy | None | NAP | ||||||||
Loan | 17 | Traverse City Hotel Portfolio | 1.7% | Alexander Mowczan; Frederick A. Hackl | None | NAP | ||||||||
Property | 17.01 | Cambria Suites - Traverse City | 1.0% | |||||||||||
Property | 17.02 | Comfort Inn - Traverse City | 0.4% | |||||||||||
Property | 17.03 | Best Western - Traverse City | 0.3% | |||||||||||
Loan | 18 | Vivint Building | 1.5% | KC Gardner Company, L.C. | None | NAP | ||||||||
Loan | 19 | Wainwright Building | 1.5% | Jeffrey D. Wassmer; Frank T. Gadams; John F. Biagas | None | NAP | ||||||||
Loan | 20 | 3170 Webster Avenue(29) | 1.4% | Francesca Madruga; Amnon Shalhov; Chava Lobel | 3,224,648 | $3,224,648 Subordinate Secured | NAP | |||||||
Loan | 21 | Ridge Park Place | 1.4% | Sloss Real Estate Company, Inc.; Catherine Sloss Jones | None | NAP | ||||||||
Loan | 22 | Deerfield Apartments | 1.4% | The Suffolk Family Trust | None | NAP | ||||||||
Loan | 23 | Best Buy Mount Vernon | 1.3% | Martin Ginsburg | None | NAP | ||||||||
Loan | 24 | Hampden Centre | 1.2% | David F. Lavipour; Arnold Fischman; Melvin Fischman | None | Mezzanine | ||||||||
Loan | 25 | North Charleston Center | 1.2% | Moshe Manoah; Blair Schlossberg; Stephen M. LaMastra | None | NAP | ||||||||
Loan | 26 | Loch Raven Plaza | 1.2% | Delphi Commercial Properties, Inc.; DLC Management Corporation | None | NAP | ||||||||
Loan | 27 | Town and Country Plaza | 1.2% | Core Property Capital Fund II, LP | None | NAP | ||||||||
Loan | 28 | 5 Star Self Storage | 1.1% | Fred P. Schwartz; Baruch C. Manies; Alex Hoffman | None | NAP | ||||||||
Property | 28.01 | 5 Star Self Storage - Berea | 0.2% | |||||||||||
Property | 28.02 | 5 Star Self Storage - Dayton | 0.2% | |||||||||||
Property | 28.03 | 5 Star Self Storage - Columbus | 0.2% | |||||||||||
Property | 28.04 | 5 Star Self Storage - Akron | 0.1% | |||||||||||
Property | 28.05 | 5 Star Self Storage - Heath | 0.1% | |||||||||||
Property | 28.06 | 5 Star Self Storage - Zanesville | 0.1% | |||||||||||
Property | 28.07 | 5 Star Self Storage - Granville | 0.1% | |||||||||||
Property | 28.08 | 5 Star Self Storage - Hebron | 0.0% | |||||||||||
Loan | 29 | Doraville Plaza | 1.1% | William P. Barnes | None | NAP | ||||||||
Loan | 30 | South Plaza | 1.1% | Lawrence B. Levey | None | NAP | ||||||||
Loan | 31 | 840 East 134th Street | 1.1% | Moishe Mana | None | NAP | ||||||||
Loan | 32 | Platte Airpark Center | 1.0% | Fairbridge Partners, LLC; Dmitry I. Gordeev | None | NAP | ||||||||
Loan | 33 | The Pointe | 0.9% | Eli Bleeman | None | NAP | ||||||||
Loan | 34 | Chateau Estates | 0.8% | Marvin M. Glick | None | Mezzanine | ||||||||
Loan | 35 | Villages at Nipomo | 0.8% | Karl Bakhtiari | None | NAP | ||||||||
Loan | 36 | 4-6 West 14th Street | 0.7% | Anthony C. Marano | None | NAP | ||||||||
Loan | 37 | Lineberry Portfolio | 0.7% | Dewey Lineberry | None | NAP | ||||||||
Property | 37.01 | Denny’s Las Vegas | 0.2% | |||||||||||
Property | 37.02 | Taco Bell Las Vegas | 0.2% | |||||||||||
Property | 37.03 | KFC Las Vegas | 0.1% | |||||||||||
Property | 37.04 | Starbucks Hendersonville | 0.1% | |||||||||||
Property | 37.05 | Starbucks Chattanooga | 0.1% | |||||||||||
Property | 37.06 | Starbucks Bowling Green | 0.1% | |||||||||||
Property | 37.07 | Carrabba's Port St. Lucie | 0.1% | |||||||||||
Loan | 38 | Heinz Distribution Center | 0.7% | Sherwin Jarol | None | NAP | ||||||||
Loan | 39 | Lone Peak Village | 0.7% | Richard Mendenhall | None | NAP | ||||||||
Loan | 40 | Felling 3-Hotel Portfolio | 0.7% | Chance L. Felling; Shane L. Felling | None | NAP | ||||||||
Property | 40.01 | Quality Inn | 0.2% | |||||||||||
Property | 40.02 | Modern Inn and Suites | 0.2% | |||||||||||
Property | 40.03 | Comfort Inn and Suites | 0.2% | |||||||||||
Loan | 41 | The Piers | 0.6% | Marc Jacobowitz; Yerachmeal Jacobson | None | NAP | ||||||||
Loan | 42 | 44-05 Francis Lewis Boulevard | 0.6% | William Tenet; Nicholas Megdanis | None | NAP | ||||||||
Loan | 43 | Turner Spectrum Ridge | 0.6% | Kevin B. Pshebniski | None | NAP | ||||||||
Loan | 44 | ART Cedargate | 0.5% | Arbor Realty SR, Inc. | None | NAP | ||||||||
Loan | 45 | Magi 6 Self Storage Portfolio | 0.5% | Natin Paul | None | NAP | ||||||||
Property | 45.01 | 5811 North Houston Rosslyn Road | 0.1% | |||||||||||
Property | 45.02 | 941 Fairmont Parkway | 0.1% | |||||||||||
Property | 45.03 | 8320 Alabonson Road | 0.1% | |||||||||||
Property | 45.04 | 632 Timkin Road | 0.1% | |||||||||||
Property | 45.05 | 16530 West Hardy Street | 0.1% | |||||||||||
Property | 45.06 | 4806 Marie Lane | 0.0% | |||||||||||
Loan | 46 | Menlo Park Plaza | 0.5% | Vasile C. Oros | None | NAP | ||||||||
Loan | 47 | The Cigar Factory | 0.5% | Joel Kranich; Barry Lhormer; Gregg Perelman; Peter Smerd | None | NAP | ||||||||
Loan | 48 | Kagy Village | 0.4% | David M. MacDonald | None | NAP | ||||||||
Loan | 49 | Lincoln Park Townhomes | 0.4% | Gerald A. Haan | None | NAP | ||||||||
Loan | 50 | 1807 Old Post East Road | 0.4% | Gitty Kestenbaum; Moshe Kestenbaum | None | NAP | ||||||||
Loan | 51 | Double D Self Storage | 0.3% | Carson Rasmussen; Michael Morgan; Nels Stemm | None | NAP | ||||||||
Loan | 52 | Conroe Self Storage | 0.3% | Andrew M. Kaplan | None | NAP | ||||||||
Loan | 53 | 190 South 8th Street | 0.2% | Robert Raphael | None | NAP | ||||||||
Loan | 54 | Woodstock Exchange | 0.2% | Jeffrey B. Kerker; Jan R. Saperstein | None | NAP | ||||||||
Loan | 55 | 113 Henry Street | 0.2% | Robert Raphael | None | NAP | ||||||||
Loan | 56 | 471 & 475 Chauncey Street | 0.1% | Robert Raphael | None | NAP | ||||||||
A-1-7
FOOTNOTES TO ANNEX A-1
Loan numbers listed below refer to the ID number identified on Annex A-1 for the related Mortgage Loan.
(1) | CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GACC — German American Capital Corporation or one of its affiliates; Bancorp — The Bancorp Bank or one of its affiliates. |
(2) | CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GACC — German American Capital Corporation or one of its affiliates; Bancorp — The Bancorp Bank or one of its affiliates. |
(3) | Loan No. 1 – 25 Broadway – The Original and Cut-off Date Balance of $120.0 million represent the non-controlling Note A-2 of a $250.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the controlling Note A-1 in the original principal balance of $130.0 million (which may be further divided), which is expected to be held by GACC or an affiliate on the closing date. |
Loan No. 4 – Google and Amazon Office Portfolio – The Original Balance and Cut-off Date Balance of $67.2 million represents the non-controlling Note A-4 of a $452.2 million whole loan evidenced by four pari passu notes. The pari passu companion loans are the Note A-1 in the original principal amount of $155.0 million, which was included in the COMM 2014-CCRE14 mortgage trust, the Note A-2 in the original principal amount of $110.0 million, which was included in the COMM 2014-CCRE15 mortgage trust, and the Note A-3 in the original principal amount of $120.0 million, which was included in the COMM 2014-UBS2 mortgage trust.
(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) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. The Pari Passu Loan Primary Servicing Fee Rate for (A) the Google and Amazon Office Portfolio Mortgage Loan will be 0.005% and (B) the 25 Broadway Mortgage Loan will be such amount as will be set forth in the related pooling and servicing agreement on and after the 25 Broadway Note A-1 Securitization Date. |
(6) | Loan No. 12 – Sierra Oaks Apartments – The Sierra Oaks Apartments Mortgaged Property’s Net Rentable Area of 220 units includes ten two-bed units used as student housing. |
(7) | Monthly Debt Service, Annual Debt Service, Pari Passu Companion Loan Monthly Debt Service, Pari Passu Companion Loan Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans or Companion Loans with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period. |
Loan No. 4 – Google and Amazon Office Portfolio – The Google and Amazon Office Portfolio Mortgage Loan amortizes on a planned amortization schedule provided in Annex H of this free writing prospectus. The Cut-off Date Balance, Maturity or ARD Balance, Monthly Debt Service, Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR are based upon the planned amortization schedule. The Monthly Debt Service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period. The pari passu companion loans also amortize on a planned amortization schedule. The Pari Passu Companion Loan Monthly Debt Service and Pari Passu Companion Loan Annual Debt Service shown in Annex A-1 were calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period for the Google and Amazon Office Portfolio Loan Combination. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the calculated average monthly debt service for the Google and Amazon Office Portfolio Loan Combination.
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(8) | “Hard” generally means, with respect to the Lockbox, that 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. |
(9) | “In Place” means, with respect to Cash Management, that related property cash flows go through a waterfall of required reserves 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). |
(10) | Loan No. 1 – 25 Broadway – 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 are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loan in aggregate. |
Loan No. 4 – Google and Amazon Office Portfolio – 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 are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loans in aggregate.
Loan No. 28 – 5 Star Self Storage – The Cut-Off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of a $500,000 holdback reserve.
(11) | 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. |
(12) | Loan No. 34 – Chateau Estates – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As-Stabilized” value as of April 6, 2015. The “As-Stabilized” value assumes the re-construction and lease up of 24 units that were damaged by fire at the Mortgaged Property. |
(13) | 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.
“YM2(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 2% 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 the mortgage loan secured by a portfolio of Mortgaged Properties)
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and certain of the Mortgage Loans permit the substitution of another property or addition of new collateral, in each case under various circumstances. In some cases, this will result in a partial prepayment during what would otherwise be a lockout period. 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. 2 – iPark Norwalk – The release of a release parcel is permitted on or after the earlier to occur of (i) September 1, 2014 or (ii) 30 days after the closing of the securitization provided the borrower satisfies certain conditions for release as set forth in the related Mortgage Loan documents.
Loan No. 3 – Sanibel Harbour Marriott Resort & Spa – The release of the yacht (collateral was not included in the appraised value) is permitted at any time provided, among other things, the borrower deposits $1.5 million with lender, which amount will be held as additional collateral for the Mortgage Loan.
Loan No. 4 – Google and Amazon Office Portfolio – After the expiration of the lockout period and in conjunction with an arm’s length sale to an unrelated third party, the borrowers may obtain the partial release of (i) the entirety of the Technology Corners Mortgaged Property, (ii) one of the four parcels which comprise the Technology Corners Mortgaged Property or (iii) the Moffett Towers Building D Mortgaged Property, provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents and as described in this free writing prospectus. See also, “Annex B—Description of the Top 20 Mortgage Loans—Google and Amazon Office Portfolio” in this free writing prospectus.
Loan No. 5 – West Ridge Mall & Plaza – After the expiration of the lockout period, the borrower is permitted to obtain the release of either individual Mortgaged Property with partial defeasance provided, among other things, the borrower defeases an amount equal to the greater of (i) 125% of the related Allocated Loan Amount or (ii) an amount sufficient to satisfy (a) a debt service coverage ratio immediately subsequent to the release that is at least 1.85x and (b) an LTV ratio immediately subsequent to the release that is no greater than 65.0%. “Allocated Loan Amounts” means, for the West Ridge Mall Mortgaged Property, $43,200,000 and for the West Ridge Plaza Mortgaged Property, $10,800,000. In addition, the borrower may, without lender consent, transfer any non-income producing portion of the West Ridge Mall Mortgaged Property or the West Ridge Plaza Mortgaged Property to a third party or affiliate of the borrower subject to the satisfaction of conditions in the West Ridge Mall & Plaza Mortgage Loan documents.
Loan No. 11 – Beck Hotel Portfolio – After the expiration of the lockout period, the borrower may obtain the release of any Mortgaged Property upon a bona fide third-party sale of such property, provided, among other things, (i) the LTV ratio after such sale is no more than the lesser of (a) 57.6% and (b) the LTV ratio immediately prior to such sale, (ii) the DSCR after such sale is no less than the greater of (a) the DSCR immediately prior to such sale and (b) 2.20x and (iii) following the release, LTV ratio meets REMIC guidelines. Notwithstanding the foregoing, if the debt yield for the remaining properties is 14.25% or greater,
clause (i) above will be waived.
Loan No. 25 – North Charleston Center – After the expiration of the lockout period, the release of one or more of the McDonald’s or Popeye’s parcels is permitted in connection with sale to a non-affiliate of the borrower provided the borrower satisfies certain conditions for release described in the free writing prospectus, including the payment of the applicable yield maintenance premium and release amount.
Loan No. 28 – 5 Star Self Storage – After the expiration of the lockout period, the borrower may obtain the release of any Mortgaged Property (except the 5 Star Storage – Berea Mortgaged Property, 5 Star Storage – Dayton Mortgaged Property or 5 Star Storage – Columbus Mortgaged Property) upon a bona fide third-party sale of such property, provided, among other things, (i) the DSCR is no less than the greater of (a) the DSCR immediately prior to such release and (b) 1.39x, (ii) the LTV is no more than the lesser of (a) the LTV immediately prior to such release and (b) 72.5% and (iii) following the release, LTV meets REMIC guidelines.
Loan No. 40 – Felling 3-Hotel Portfolio – After the expiration of the lockout period, the borrower is permitted to obtain the release of one or more individual Mortgaged Properties with partial defeasance provided, among other things, the borrower defeases an amount equal to the greatest of (x) an amount equal to the greater of (1) 100% of the net sales proceeds and (2) the sum of 125% of the amortized Allocated Loan Amount with respect to the release property; (y) an amount such that, after giving effect to partial defeasance, the DSCR for the remaining properties is not less than the greater of (1) 1.50x and (2) the DSCR immediately preceding the partial defeasance; or (z) an amount such that, after giving effect to the partial defeasance, the LTV ratio for the remaining properties is not more than the lesser of (i) 65%, and (2) the LTV ratio immediately preceding the defeasance. Allocated Loan Amount means, for Quality Inn, $2,500,000; for Comfort Inn, $2,000,000 and for Modern Inn, $2,500,000.
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Loan No. 45 – Magi 6 Self Storage Portfolio – After the expiration of the lockout period, the borrower is permitted to obtain the release of one or more specific Mortgaged Properties with partial defeasance provided, among other things, (i) the borrower defeases an amount equal to the greater of (A) 100% of the net sales proceeds and (b) 120% of the Allocated Loan Amount for the property to be released, (ii) after giving effect to the release, (A) the DSCR for the remaining Mortgaged Properties is no less than the greater of the DSCR immediately prior to the release and 1.75x and (B) the LTV ratio is no more than the lesser of the LTV ratio immediately prior to the release and 70.2%. Allocated Loan Amount means as follows: (i) 5811 North Houston Rosslyn Road Mortgaged Property - $1,285,000; (ii) 8320 Alabonson Road Mortgaged Property - $1,070,000 and (iii) 16530 West Hardy Street Mortgaged Property - $620,000.
(14) | Loan No. 3 – Sanibel Harbour Marriott Resort & Spa – The collateral for Sanibel Harbour Marriott Resort & Spa Mortgage Loan also includes the borrower’s leasehold interest in a 17-slip dock located at the Sanibel Harbour Marriott Property subject to a submerged land lease with the state of Florida. |
Loan No. 47 – The Cigar Factory – the collateral for The Cigar Factory Mortgage Loan consists primarily of a fee estate, but also includes a leasehold interest. The leasehold component consists of an encumbrance on the borrower’s lease of an offsite property containing 40 parking spaces and a 12,400 sq. ft. warehouse/retail building.
(15) | 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. 23 – Best Buy Mount Vernon – The Best Buy Mount Vernon Mortgaged Property is subject to a ground lease with an expiration date of August 1, 2031 with three, ten-year extension options and one, seven-year extension option. The annual ground rent is subject to annual increases of 6.0%. The ground rent payment due under the ground lease on August 15, 2014 will be $28,515.22.
Loan No. 27 – Town and Country Plaza – The borrower has a leasehold interest in two of the five parcels that make up the Mortgaged Property. With respect to one such leasehold parcel approximately 6 acres, the ground lease expires July 31, 2015 and the borrower has five, 15-year extension options. The annual ground rent under the lease is $18,000. With respect to the other leasehold parcel approximately 20,558 sq. ft. Town and Country Plaza Mortgaged Property is subject to a ground lease with an expiration of February 3, 2018 and has six, five-year extension options. The annual ground rent under the lease is approximately $3,021.
Loan No. 38 – Heinz Distribution Center – The Heinz Distribution Center Mortgaged Property is subject to a ground lease with an expiration date of July 31, 2052 with four, ten-year extension options. The annual ground rent under the lease is $1.00.
(16) | Loan No. 21 – Ridge Park Place – There is an additional ground lease parcel included in the collateral covering approximately 25 parking spaces, which parking spaces are not necessary for zoning compliance and which ground lease parcel was given zero value for underwriting purposes. |
(17) | The following tenants that occupy 5% or greater of the net rentable area at the related Mortgaged Property are borrower affiliates: |
Loan No. 31 – 840 East 134th Street – The 840 East 134th Street Mortgaged Property is 100.0% master leased to Moishe’s Moving Systems, LLC (“MMS”), which is an affiliate of the borrower. On or before March 28, 2014, the borrower will cause MMS (i) to assign its interest as tenant under the master lease to a newly-formed single purpose, bankruptcy remote entity acceptable to the lender and (ii) to guaranty all rent payments or other liabilities arising or payable to the borrower or any other party under the master lease, including, without limitation, any Defaulted Rent Amount (as defined in the guaranty).
Loan No. 42 – 44-05 Francis Lewis Boulevard – The 2nd Largest Tenant, Cardiovascular Associates, which is an affiliate of the borrower, and the 3rd Largest Tenant, Boulevard Associates II, LLC lease 35.6% and 16.8%, respectively, of the net rentable area at the Mortgaged Property.
(18) | 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 |
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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 or tenants representing a certain percentage of net rentable area 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 certain of those tenants listed in Annex A-1: |
Loan No. 2 – iPark Norwalk – The 3rd Largest Tenant, Cannondale, has a one-time right to terminate its lease on the 10th anniversary of the rent commencement date with no later than 12 months and no earlier than 18 months prior notice and payment of any remaining unamortized portion of 12 months of free office space base rent, six months of free warehouse space rent, tenant improvements and leasing commissions. The 4th Largest Tenant, State of Connecticut, may terminate its lease at any time after the March 22, 2018 with six months prior notice.
Loan No. 5 – West Ridge Mall & Plaza – The Largest Tenant at the West Ridge Mall Mortgaged Property, Burlington Coat Factory, has the option to terminate its lease at any time with 365 days prior notice.
Loan No. 6 – 252 West 37th Street – The 2nd Largest Tenant, MagazineRadar, Inc. has the right to terminate 10,500 sq. ft. of its space located on the ninth floor any time after April 27, 2015 with six months prior notice.
Loan No. 15 – Agave Center – The Largest Tenant, Universal American Mortgage Company, LLC, has a one-time right to terminate its lease effective June 30, 2016 with written notice no later than December 31, 2015 for suites 108,124 and 107, which total 37,827 sq. ft. Additionally, the tenant must pay a termination fee equal to $215,920 plus the unamortized tenant improvement and leasing commissions, which shall be amortized on a straight-line basis over the lease term at a rate of 9.0% per year. The 3rd Largest Tenant, Transperfect Remote Interpreting, Inc. has a one-time right to terminate its lease effective February 28, 2015 with written notice no later than August 31, 2014 and subject to a termination fee of $201,219.05. Additionally, the tenant has a one-time right to terminate its lease effective December 31, 2016 with written notice no later than June 30, 2016 and subject to a termination fee of $121,658.59.
Loan No. 16 – 555 West 59th Street – The 2nd Largest Tenant, EVF Performance, has the option to terminate its lease effective September 6, 2016 with no less than 90 days prior notice.
Loan No. 20 – 3170 Webster Avenue – The Largest Tenant, Bronx Community Charter School, has the option to terminate its lease with 120 days notice if the tenant is not legally permitted to operate a charter school. Additionally, the tenant must pay a termination fee equal to 12 months of the then in effect base rent.
Loan No. 21 – Ridge Park Place – The 2nd Largest Tenant, E.E.O.C., has the option to terminate its lease effective November 30, 2017 with no less than 60 days prior notice. The 3rd Largest Tenant, Dominick Feld Hyde, P.C., has a one-time option to terminate its lease located on the 3rd floor effective June 17, 2020 with no less than 180 days prior notice. The 5th Largest Tenant, N.L.R.B., has the option to terminate its lease effective August 1, 2017 with no less than 90 days prior notice.
Loan No. 23 – Best Buy Mount Vernon – The sole tenant, Best Buy, has the right to terminate its lease, upon 90 days’ written notice to landlord in the event that the ratio of parking space to square footage falls below 5 cars per 1,000 sq. ft. The termination is subject to landlord’s right to restore the parking ratio prior to the end of the 90 day notice period.
Loan No. 25 – North Charleston Center– The 2nd Largest Tenant, DD’s Discounts, has the option to terminate its lease if gross sales from the store do not exceed $6,500,000 for the third full lease year. The tenant must provide 90 days written notice within 365 days following the end of the third full lease year and no sooner than 270 days following the end of the third lease year. If the tenant terminates its lease, a “cash trap” into a major tenant rollover reserve will commence.
Loan No. 32 – Platte Airpark Center – The 2nd Largest Tenant, Lockheed Martin, has the option to terminate its lease at any time if the defense contract under which the tenant uses and operates in the property deceases by more than 50.0% annually during the lease term,. The tenant must provide 90 days written notice and pay a termination fee equal to three months of base rent plus any unamortized tenant
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improvements, leasing commissions and abated rent for the first two months of the lease. The 3rd Largest Tenant, Computer Science Corporation, has the option to terminate its lease at any time provided the tenant provides 90 days written notice and pays a termination fee equal to six months of base rent and any unamortized leasing commissions. The 4th Largest Tenant, L-3 Communications Corporation, has a one-time right to terminate its lease on October 31, 2016 provided written notice is provided no later than May 30, 2016 and the tenant pays a termination fee equal to unamortized tenant improvements and leasing commissions.
Loan No. 37 – Lineberry Portfolio – The Largest Tenant at the Starbucks Chattanooga Mortgaged Property, Starbucks, may terminate its lease at any time after March 31, 2019 with 180 days prior notice. The Largest Tenant at the Starbuck Hendersonville Mortgaged Property, Starbucks, may terminate its lease at any time after September 30, 2019 with 120 days prior notice.
Loan No. 47- The Cigar Factory – The Largest Tenant, Franklin Interiors, has the option to terminate its lease at any time after December 31, 2014 with 6 months prior notice.
Loan No. 50 – 1807 Old Post East Road – The 2nd Largest Tenant, Jennifer Convertible, may terminate its lease at any time with two years prior notice.
(19) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 2 – iPark Norwalk – The Largest Tenant, Norwalk Hospital Health & Wellness Center, subleases space to individual medical practice groups affiliated with the hospital on as needed basis. If the tenant subleases for rent that is higher than the in-place rent, Lender is entitled to receive 50.0% of the excess rent. The underwriting does not include such excess rent.
Loan No. 4 – Google and Amazon Office Portfolio – The Largest Tenant at the Technology Corners
Mortgaged Property, Google, is currently subleasing the third floor of 807 11th Avenue to Motorola Mobility,
Inc., an affiliate of Google.
(20) | The following major tenants shown on Annex A-1 are currently in a rent abatement or free rent period (or have a scheduled rent abatement or free rent period in the future): |
Loan No. 1 – 25 Broadway – The 2nd Largest Tenant, Teach For America, is in a free rent period under its lease through June 10, 2015. At closing, the borrower reserved $4,704,635 related to this free rent. The 4th Largest Tenant, WeWork, is in a free rent period under its lease through September 23, 2015. At closing, the borrower reserved $3,364,291 related to this free rent.
Loan No. 2 – iPark Norwalk – The 3rd Largest Tenant, Cannondale, has free rent with respect to 50,977 sq. ft. through June 30, 2014. Lender has reserved $399,903 in connection with such free rent. The 4th Largest Tenant, State of Connecticut, has free rent with respect to 23,682 sq. ft. through March 31, 2014. Lender has reserved $45,391 in connection with such free rent. The 5th Largest Tenant, RMA, has free rent with respect to 23,448 sq. ft. through February 28, 2015. Lender has reserved $766,752 in connection with such free rent.
Loan No. 6 – 252 West 37th Street – The Largest Tenant, DVF Studio LLC, has free rent with respect to 29,600 sq. ft. for July 2014.
Loan No. 7 – Towngate Center – The 4th Largest Tenant, Planet Fitness, is in a free rent period under its lease through June 20, 2014. At closing, the borrower reserved $132,648 related to this free rent.
Loan No. 16 – 555 West 59th Street – The 2nd Largest Tenant, EVF Performance, is in a free rent period under its lease through August 2014. At closing, the borrower reserved $75,500 related to this free rent. The 3rd Largest Tenant, Riverside Center, is in a free rent period under its lease through June 2014. At closing, the borrower reserved $54,167 related to this free rent.
Loan No. 20 – 3170 Webster Avenue – The Largest Tenant, Bronx Community Charter School, has a reduction in rent of approximately $13,577 per month from July 1, 2014 through June 30, 2016. The full monthly rent is $65,169. Lender reserved $325,846 into a rent abatement reserve for such reduction.
Loan No. 30 – South Plaza – The 3rd Largest Tenant, Gold’s Gym, has free rent with respect to 13,800 sq. ft. through July 31, 2014. Lender has reserved $62,100 in connection with such free rent.
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(21) | Loan No. 1 – 25 Broadway – The 2nd Largest Tenant, Teach For America, is not yet in occupancy but its lease term has commenced. The 4th Largest Tenant, WeWork, is not yet in occupancy but its lease term has commenced. |
Loan No. 2 – iPark Norwalk – The 5th Largest Tenant, RMA, has signed a lease for 23,448 sq. ft. The tenant is expected to take possession of the space by March 15, 2014 and occupy its space by September 15, 2014.
Loan No. 4 – Google and Amazon Office Portfolio – The Largest Tenant at the Technology Corners Mortgaged Property, Google, has signed a lease for 700,328 sq. ft. and began paying rent November 1, 2013. Google is still completing tenant improvements and is expected to take occupancy of its space by July 2014. The Largest Tenant at the Moffett Towers Building D Mortgaged Property, A2Z Development Center, Inc. (“A2Z”), a subsidiary of Amazon.com Inc., has signed a lease for 357,481 sq. ft. and began paying rent March 1, 2014. A2Z is expected to complete its tenant improvements and build-out of floors three through eight of its space and take occupancy of those floors in June 2014, and is expected to take full occupancy in June 2014.
Loan No. 20 – 3170 Webster Avenue – The 2nd Largest Tenant, Crunch Fitness, has signed a lease for 15,834 sq. ft. The tenant is expected to open for business in March 2014. The 3rd Largest Tenant, ASCOA, has a signed lease for 15,677 sq. ft. and is expected to open for business in September 2014.
Loan No. 26 – Loch Raven Plaza – The 2nd Largest Tenant, Manifested Glory Worship, has signed a lease for 15,221 sq. ft. The tenant is expected to take occupancy on June 1, 2014. The 8th Largest Tenant, Erosun, has signed a lease for 4,400 sq. ft. The tenant is expected to take occupancy on April 1, 2014.
Loan No. 36 – 4-6 West 14th Street – The Largest Tenant, Café Bene, has signed a lease for 2,100 sq. ft. but is not currently in occupancy, pending completion of certain tenant improvement work.
(22) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 19 – Wainwright Building – The Wainwright Building Mortgage Loan was structured with a $650,000 earnout reserve. Funds from the earnout reserve will be disbursed on or before February 1, 2016, provided, among other things, (i) the occupancy is at least 95.0% and (ii) the DSCR is at least 1.25x.
Loan No. 28 – 5 Star Self Storage – At closing, $500,000 was deposited into an earnout reserve. Provided there is no event of default in effect and at any time prior to March 7, 2017, funds from the earnout reserve may be released to the borrower provided that for two consecutive calendar quarters on a trailing 12 month basis (i) the debt yield is at least 10%, (ii) the DSCR is at least 1.40x and (iii) the physical occupancy rate calculated on square footage is at least 83%.
Loan No. 42 – 44-05 Francis Lewis Boulevard – The 44-05 Francis Lewis Boulevard Mortgage Loan was structured with a $1.8 million earnout reserve. Funds from the earnout reserve will be disbursed provided, among other things, Cardiovascular Associates, the 2nd Largest Tenant, and Boulevard Associates II, LLC, the 3rd Largest Tenant, extend their respective leases for at least two years past the maturity date of the 44-05 Francis Lewis Boulevard Mortgage Loan.
(23) | 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. 5 – West Ridge Mall & Plaza – Upon 12 months prior to the expiration of the Burlington lease, a “cash trap” into the TI/LC reserve will commence until the “cash trap” trigger is cured or the aggregate sum of the reserve account is $1.5 million.
Loan No. 11 – Beck Hotel Portfolio – Beginning on the monthly payment date in April 2015, the borrower will be required to deposit 4.0% of gross revenues for each property for the prior month (except for the Hampton Inn Harrisonburg University property, for which deposits will commence on the monthly payment date in April 2016). The borrowers may post a letter of credit in lieu of making deposits into the FF&E reserve account.
Loan No. 15 – Agave Center – Upon 9 months prior to the expiration of certain specified significant tenants’ leases, a “cash trap” into the TI/LC reserve will commence until the “cash trap” trigger is cured.
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Loan No. 17 – Traverse City Hotel Portfolio – On each monthly payment date during the months of June through and including October, the borrowers are required to deposit the greater of (x) all available cash or (y) $139,000, in either case (x) or (y) subject to a cap of $695,000.
Loan No. 24 – Hampden Centre – In each instance that “free rent”, rent concessions or rent abatements are in effect, the borrower will be required to deposit such amount into a rent concession account.
Loan No. 25 – North Charleston Center – If Ross Dress for Less, Inc., fails to report gross sales of $6.5 million at the Mortgaged Property by the second year under its lease, then commencing on the payment date in August 2015, the TI/LC reserve monthly deposit will increase by $10,000 per month until the earlier of (i) March 6, 2015 or (ii) receipt of an estoppel letter from such tenant affirming that the lease termination right based on gross sales has expired.
Loan No. 26 – Loch Raven Plaza – The 2nd Largest Tenant, Manifested Glory Worship, has signed a lease for 15,221 sq. ft. The tenant is expected to take occupancy on June 1, 2014. The 8th Largest Tenant, Erosun, has signed a lease for 4,400 sq. ft. The tenant is expected to take occupancy on April 1, 2014.
Loan No. 27 – Town and Country Plaza – The borrower is required to deposit monthly TI/LC reserves of $12,170 through January 6, 2016 and $9,361 from February 6, 2013 through the maturity date of the Town and Country Plaza Mortgage Loan, subject to the applicable reserve cap.
Loan No. 29 – Doraville Plaza – If the balance in the TI/LC reserve account falls below the cap of $340,000, the TI/LC reserve monthly deposit will decrease to $7,924.
Loan No. 36 – 4-6 West 14th Street – The Largest Tenant, Café Bene, has signed a lease for 2,100 sq. ft. but is not currently in occupancy, pending completion of certain tenant improvement work.
(24) | Certain of the mortgage loans provide the borrower an option to provide a guaranty or post a letter of credit in lieu of reserve requirements. |
Loan No. 4 – Google and Amazon Office Portfolio –The borrower is permitted to deliver to lender a letter of credit in an amount equal to $32,300,000 to prevent the trigger of a Lease Sweep Period (or if already triggered, to terminate such sweep), other than with respect to a Lease Sweep Period triggered or continuing due to a Lease Sweep Tenant Party Insolvency Proceeding (as described in the loan documents) or due to a casualty.
Loan No. 11 – Beck Hotel Portfolio – Beginning on the monthly payment date in April 2015, the borrowers will be required to deposit 4.0% of gross revenues for each property for the prior month (except for the Hampton Inn Harrisonburg University property, for which deposits will commence on the monthly payment date in April 2016) into the FF&E reserve account. The borrowers may post a letter of credit in lieu of making deposits into the FF&E reserve account.
(25) | Loan No. 29 – Doraville Plaza – A Phase II report was completed on February 5, 2014 in connection with an on-site dry cleaner. The investigator recommended a remediation plan to address soil and groundwater impacts detected. A corrective action plan was submitted to the Georgia Department of Natural Resources Land Protection Branch, and the borrower applied for limited liability to purchasers of properties and offers financial incentives for the clean-up of previous contamination. |
Loan No. 39 – Lone Peak Village – A Phase II report was completed on February 19, 2014 in connection with an on-site dry cleaner. The investigator recommended work at the property, with estimated costs totaling $60,000. 125.0% of this amount was escrowed at closing. An environmental impairment liability policy was also obtained.
(26) | With respect to the Mortgaged Properties 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. |
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Loan No. | Mortgaged Property | Mortgaged Property Cut-off Date Balance | % of Initial Outstanding Pool Balance | Maximum Policy Amount | Premium Paid in Full | Policy Expiration Date | |||||||
2 | iPark Norwalk | $94,000,000 | 8.8% | $2,000,000 | Yes | 12/19/2016 | |||||||
39 | Lone Peak Village | $7,100,000 | 0.7% | $2,000,000 | Yes | 3/14/2024 |
(27) | 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 | ||||||||
1 | 25 Broadway | $120,000,000 | $130,000,000 | $250,000,000 | 1.90x | 67.8% | 9.6% | ||||||||
4 | Google and Amazon Office Portfolio | $67,200,000 | $385,000,000 | $452,200,000 | 1.40x | 66.6% | 9.0% |
(28) | Mezzanine Loan Summary |
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 | ||||||||||
4 | Google and Amazon Office Portfolio | $67,200,000 | 6.3% | $67,800,000 | 7.8500% | 1/6/2024 | Yes | 76.6% | 1.15x | 7.8% |
(29) | Loan No. 20 –3170 Webster Avenue – The 3170 Webster Avenue Mortgaged Property is encumbered by a subordinate mortgage loan incurred in connection with the New Markets Tax Credits program. See “Description of the Mortgage Pool – Certain Terms and Conditions of the Mortgage Loans – Other Financing” in this free writing prospectus. As of the cut-off date, the outstanding amount of subordinate debt is $3,224,648. |
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