FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-190246-09 | ||
Free Writing Prospectus dated October 1, 2014 | ||
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-190246)for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-400-7834 or emailing cmbs-prospectus@jpmorgan.com. The information in this file (the “File”) is an electronic copy of the information set forth in the Appendix titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the free writing prospectus and/or prospectus. This File does not contain all information that is required to be included in the base prospectus and the prospectus supplement. This File should be reviewed only in conjunction with the entire free writing prospectus and/or prospectus. Prospective investors are advised to read carefully, and should rely on, the free writing prospectus and/or prospectus relating to the Certificates referred to herein in making their investment decision. The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the subject securities and will be superseded by any contrary information contained in any subsequent File prior to the time of sale. | ||
Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the free writing prospectus and/or prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value. | ||
Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system. | ||
ANNEX A-1
Number of | Property | Property | Year | |||||||||||||||||||||
Loan # | Seller(1) | Property Name | Street Address | City | State | Zip Code | County | Properties | Type | Subtype | Year Built | Renovated | ||||||||||||
1 | JPMCB / Column | Grapevine Mills | 3000 Grapevine Mills Parkway | Grapevine | TX | 76051 | Tarrant | 1 | Retail | Regional Mall | 1997 | |||||||||||||
2 | JPMCB | The Mall of Victor Valley | 14400 Bear Valley Road | Victorville | CA | 92392 | San Bernardino | 1 | Retail | Regional Mall | 1986 | 2007, 2012-2013 | ||||||||||||
3 | Barclays | Columbus Square Portfolio | 775, 795, 805, 808 Columbus Avenue and 801 Amsterdam Avenue | New York | NY | 10025 | New York | 1 | Mixed Use | Retail/Office/Parking | 2007, 2008 | |||||||||||||
4 | JPMCB | 635 Madison Avenue | 635 Madison Avenue | New York | NY | 10022 | New York | 1 | Mixed Use | Office/Retail | 1957 | 2005 | ||||||||||||
5 | KeyBank | Hutch Tower Two | 1250 Waters Place, Unit II | Bronx | NY | 10461 | Bronx | 1 | Office | Medical | 2014 | |||||||||||||
6 | JPMCB | 17 State Street | 17 State Street | New York | NY | 10004 | New York | 1 | Office | CBD | 1988 | |||||||||||||
7 | Barclays | North Riverside Park Mall | 7501 West Cermak Road | North Riverside | IL | 60546 | Cook | 1 | Retail | Regional Mall | 1974 | 2010 | ||||||||||||
8 | JPMCB | NoBu Station | 18211 Bulverde Road | San Antonio | TX | 78259 | Bexar | 1 | Multifamily | Garden | 2013 | |||||||||||||
9 | Barclays | Meridian Corporate Center I | 2505-2525 Meridian Parkway | Durham | NC | 27713 | Durham | 1 | Office | Suburban | 1989-1997 | 2009-2013 | ||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 2001 Post Oak Boulevard | Houston | TX | 77056 | Harris | 1 | Hotel | Full Service | 1982 | 2014 | ||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | Various | Troy | MI | 48083 | Oakland | 2 | Retail | Anchored | Various | Various | ||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | 260-396 John R Road | Troy | MI | 48083 | Oakland | 1 | Retail | Anchored | 1979 | |||||||||||||
11.02 | Barclays / RAIT | Oakland Square | 500 John R Road | Troy | MI | 48083 | Oakland | 1 | Retail | Anchored | 1986 | 1997 | ||||||||||||
12 | JPMCB | Arden Park | 8638 Huebner Road | San Antonio | TX | 78240 | Bexar | 1 | Multifamily | Garden | 2013 | |||||||||||||
13 | GECC | Canyon Ranch Portfolio | Various | Various | Various | Various | Various | 2 | Hotel | Full Service | Various | 2007 | ||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 8600 East Rockcliff Road | Tucson | AZ | 85750 | Pima | 1 | Hotel | Full Service | 1979 | 2007 | ||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 165 Kemble Street | Lenox | MA | 01240 | Berkshire | 1 | Hotel | Full Service | 1897 | 2007 | ||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 620 Chastain Road NW | Kennesaw | GA | 30144 | Cobb | 1 | Hotel | Full Service | 2009 | |||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 8000 West Sunrise Boulevard | Plantation | FL | 33322 | Broward | 1 | Office | Suburban | 1982 | 2014 | ||||||||||||
16 | Barclays | Kenwood City Retail | Various | Cincinnati | OH | 45236 | Hamilton | 2 | Retail | Various | Various | |||||||||||||
16.01 | Barclays | Kenwood City Pavilion | 8103 Montgomery Road | Cincinnati | OH | 45236 | Hamilton | 1 | Retail | Anchored | 1998 | |||||||||||||
16.02 | Barclays | Kenwood City Place | 8080 Montgomery Road | Cincinnati | OH | 45236 | Hamilton | 1 | Retail | Shadow Anchored | 2013-2014 | |||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 301 Dauphine Street | New Orleans | LA | 70112 | Orleans | 1 | Hotel | Full Service | 1971 | |||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 10405 Watermark Place | Louisville | KY | 40223 | Jefferson | 1 | Multifamily | Garden | 2013 | |||||||||||||
19 | Barclays | Meridian Corporate Center II | 2500-2810 Meridian Parkway | Durham | NC | 27713 | Durham | 1 | Office | Suburban | 1987 | |||||||||||||
20 | RAIT | 2100 Wharton Street | 2100 Wharton Street | Pittsburgh | PA | 15203 | Allegheny | 1 | Office | CBD | 1900 | 2013-2014 | ||||||||||||
21 | RAIT | Peerless Lofts | 150 Union Street | Providence | RI | 02903 | Providence | 1 | Multifamily | Garden | 1866 | 2005 | ||||||||||||
22 | Barclays | Glenbrook Commons | 4122 Lima Road | Fort Wayne | IN | 46805 | Allen | 1 | Retail | Anchored | 1987 | 2006 | ||||||||||||
23 | Barclays | 1690 New Britain Avenue | 1690 New Britain Avenue | Farmington | CT | 06032 | Hartford | 1 | Office | Suburban | 1961 | 2011 | ||||||||||||
24 | KeyBank | Water’s Edge | 2220 Gloria Circle | Pensacola | FL | 32514 | Escambia | 1 | Multifamily | Garden | 2004 | |||||||||||||
25 | JPMCB | Westin Columbus | 310 South High Street | Columbus | OH | 43215 | Franklin | 1 | Hotel | Full Service | 1987 | 2007 | ||||||||||||
26 | Barclays | Meriden Executive Park | 530 & 538 Preston Avenue | Meriden | CT | 06450 | New Haven | 1 | Office | Suburban | 1986, 1989 | 2008-2009 | ||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 2607 Rhawn Street & 8040 East Roosevelt Boulevard | Philadelphia | PA | 19152 | Philadelphia | 1 | Office | CBD | 1963, 1974 | 2014 | ||||||||||||
28 | Barclays | Churchill Square Shopping Center | 303 Southeast 17th Street | Ocala | FL | 34471 | Marion | 1 | Retail | Anchored | 1992 | |||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 15891-15937 State Road 170 | East Liverpool | OH | 43920 | Columbiana | 1 | Retail | Anchored | 1979, 2008 | 2014 | ||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | Various | Various | IN | Various | Various | 3 | Manufactured Housing | Manufactured Housing | Various | |||||||||||||
30.01 | KeyBank | Apple Valley Estates | 1850 East 181st Avenue | Hebron | IN | 46341 | Porter | 1 | Manufactured Housing | Manufactured Housing | 1979 | |||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | 8280 US-30 East | Pierceton | IN | 46562 | Noble | 1 | Manufactured Housing | Manufactured Housing | 1970 | |||||||||||||
30.03 | KeyBank | Merrywood | 3104 East Wooster Road | Pierceton | IN | 46562 | Kosciusko | 1 | Manufactured Housing | Manufactured Housing | 1960 | |||||||||||||
31 | KeyBank | Wauwatosa Industrial | 4420 North Harley Davidson Avenue | Wauwatosa | WI | 53225 | Milwaukee | 1 | Industrial | Warehouse | 2001 | |||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | Various | Various | Various | Various | Various | 3 | Various | Various | Various | |||||||||||||
32.01 | RAIT | Fresenius Medical Care | 630 Deckbar Avenue | Jefferson | LA | 70121 | Jefferson | 1 | Office | Medical | 2014 | |||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | 2555 South Miller Road | Buckeye | AZ | 85326 | Maricopa | 1 | Retail | Single Tenant | 2014 | |||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | 1501 Northwest Drive | Laurel | MS | 39440 | Jones | 1 | Retail | Single Tenant | 2012 | |||||||||||||
33 | RAIT | Bennington Square Apartments | 6300 West Bellfort Street | Houston | TX | 77035 | Harris | 1 | Multifamily | Garden | 1975 | 2014 | ||||||||||||
34 | RAIT | Racine Center | 5201-5409 Washington Avenue | Mount Pleasant | WI | 53406 | Racine | 1 | Retail | Anchored | 1988 | |||||||||||||
35 | RAIT | Northridge Business Center | 5005, 5019-5025 & 5035 West W.T. Harris Boulevard | Charlotte | NC | 28269 | Mecklenburg | 1 | Industrial | Flex | 1990 | 1994 | ||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 721 Royal Parkway | Nashville | TN | 37214 | Davidson | 1 | Hotel | Limited Service | 2000 | 2014 | ||||||||||||
37 | KeyBank | The Carrier Building | 1711 Corporation Parkway | Raleigh | NC | 27604 | Wake | 1 | Industrial | Warehouse | 1989 | 2005 | ||||||||||||
38 | KeyBank | Wichita Square | 3610-3620 & 3704 Call Field Road | Wichita Falls | TX | 76308 | Wichita | 1 | Retail | Anchored | 1984 | 2010 | ||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | 4920 North Garland Avenue | Garland | TX | 75040 | Dallas | 1 | Retail | Single Tenant | 2013 | |||||||||||||
40 | Barclays | Storage Max Self Storage | 3304 Browns Mill Road | Johnson City | TN | 37604 | Washington | 1 | Self Storage | Self Storage | 1996, 1999, 2004 | |||||||||||||
41 | KeyBank | Westwood Square | 2410-2468 West State Street | Alliance | OH | 44601 | Stark | 1 | Retail | Anchored | 1993 | |||||||||||||
42 | RAIT | Dollar General Portfolio | Various | Various | Various | Various | Various | 4 | Retail | Freestanding | Various | |||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | 1050 East Main Street | Chillicothe | OH | 45601 | Ross | 1 | Retail | Freestanding | 2013 | |||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | 3349 Refugee Road | Columbus | OH | 43232 | Franklin | 1 | Retail | Freestanding | 2014 | |||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | 2100 Sullivant Avenue | Columbus | OH | 43223 | Franklin | 1 | Retail | Freestanding | 2014 | |||||||||||||
42.04 | RAIT | Dollar General - Kansas City | 8411 Holmes Road | Kansas City | MO | 64131 | Jackson | 1 | Retail | Freestanding | 2013 | |||||||||||||
43 | KeyBank | Marysville Farms | 1150 Minnesota Road | Port Huron | MI | 48060 | Saint Clair | 1 | Manufactured Housing | Manufactured Housing | 1999 | 2012 | ||||||||||||
44 | KeyBank | StaxUp Self Storage | 27400 McCall Boulevard | Sun City | CA | 92585 | Riverside | 1 | Self Storage | Self Storage | 1979 | 2000 | ||||||||||||
45 | RAIT | 740 Kifer Road | 740 Kifer Road | Sunnyvale | CA | 94086 | Santa Clara | 1 | Industrial | Warehouse | 1970 | 2013 | ||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 844 South College Street | Harrodsburg | KY | 40330 | Mercer | 1 | Retail | Anchored | 1986 | 2013 | ||||||||||||
47 | KeyBank | Village Park Apartments | 110 Village Park Drive | Simpsonville | SC | 29681 | Greenville | 1 | Multifamily | Garden | 1977-1980 | |||||||||||||
48 | KeyBank | Anchor Industrial Park | 100 Stradtman Street | Cheektowaga | NY | 14206 | Erie | 1 | Industrial | Flex | 1980 | 2009 | ||||||||||||
49 | JPMCB | Hampton Inn Massillon | 44 1st Street SW | Massillon | OH | 44647 | Stark | 1 | Hotel | Limited Service | 2000 | 2012 | ||||||||||||
50 | RAIT | Woodland Estates | 4797 South 4th Street | Kalamazoo | MI | 49009 | Kalamazoo | 1 | Manufactured Housing | Manufactured Housing | 1972, 1982, 1997 | 2014 | ||||||||||||
51 | JPMCB | Rite Aid | 1224 Brownsville Road | Pittsburgh | PA | 15210 | Allegheny | 1 | Retail | Freestanding | 2004 | |||||||||||||
52 | KeyBank | Trotwood Self Storage | 5520 Salem Bend Drive | Trotwood | OH | 45426 | Montgomery | 1 | Self Storage | Self Storage | 1978 | 1986 | ||||||||||||
53 | Barclays | East Dublin Center | 901-937 East Dublin Granville Road | Columbus | OH | 43229 | Franklin | 1 | Retail | Anchored | 1969 | 2014 | ||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 316 Martingale Drive | Old Hickory | TN | 37138 | Davidson | 1 | Self Storage | Self Storage | 1998-2002 |
A-1-1
ANNEX A-1
Original | Current | |||||||||||||||||||||||||||||
Unit of | Occupancy | Appraised | Appraisal | Current | Original | Balance | Current | Balance | % of Initial | Crossed | ||||||||||||||||||||
Loan # | Seller(1) | Property Name | Units(2) | Measure | Occupancy %(3) | Date | Value ($)(4) | Date | LTV %(4) | Balance ($)(5)(6) | per Unit ($) | Balance ($)(5)(6) | per Unit ($) | Pool Balance | Loan | |||||||||||||||
1 | JPMCB / Column | Grapevine Mills | 1,337,751 | Square Feet | 85.0% | 05/30/14 | 505,000,000 | 08/12/14 | 53.1% | 115,000,000 | 200 | 115,000,000 | 200 | 9.0% | No | |||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 477,384 | Square Feet | 96.6% | 06/30/14 | 183,200,000 | 07/28/14 | 62.8% | 115,000,000 | 241 | 115,000,000 | 241 | 9.0% | No | |||||||||||||||
3 | Barclays | Columbus Square Portfolio | 494,224 | Square Feet | 95.7% | 07/31/14 | 555,000,000 | 07/16/14 | 72.1% | 96,250,000 | 809 | 96,250,000 | 809 | 7.6% | No | |||||||||||||||
4 | JPMCB | 635 Madison Avenue | 177,262 | Square Feet | 94.4% | 07/31/14 | 195,000,000 | 07/21/14 | 46.2% | 90,000,000 | 508 | 90,000,000 | 508 | 7.1% | No | |||||||||||||||
5 | KeyBank | Hutch Tower Two | 278,133 | Square Feet | 100.0% | 08/27/14 | 117,000,000 | 10/01/15 | 68.8% | 80,500,000 | 289 | 80,500,000 | 289 | 6.3% | No | |||||||||||||||
6 | JPMCB | 17 State Street | 560,210 | Square Feet | 90.7% | 06/19/14 | 325,000,000 | 04/01/14 | 55.4% | 75,000,000 | 321 | 75,000,000 | 321 | 5.9% | No | |||||||||||||||
7 | Barclays | North Riverside Park Mall | 429,038 | Square Feet | 94.1% | 07/01/14 | 129,000,000 | 07/16/14 | 58.1% | 75,000,000 | 175 | 75,000,000 | 175 | 5.9% | No | |||||||||||||||
8 | JPMCB | NoBu Station | 474 | Units | 98.9% | 08/31/14 | 54,000,000 | 08/20/14 | 77.8% | 42,000,000 | 88,608 | 42,000,000 | 88,608 | 3.3% | No | |||||||||||||||
9 | Barclays | Meridian Corporate Center I | 320,085 | Square Feet | 92.8% | 07/30/14 | 53,100,000 | 07/21/14 | 68.3% | 36,261,000 | 113 | 36,261,000 | 113 | 2.9% | No | |||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 448 | Rooms | 83.5% | 08/31/14 | 126,200,000 | 06/27/14 | 63.4% | 35,000,000 | 178,571 | 35,000,000 | 178,571 | 2.8% | No | |||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | 392,237 | Square Feet | 96.3% | 08/31/14 | 51,090,000 | 08/08/14 | 68.5% | 35,000,000 | 89 | 35,000,000 | 89 | 2.8% | No | |||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | 171,511 | Square Feet | 91.4% | 08/31/14 | 27,090,000 | 08/08/14 | 18,429,612 | 18,429,612 | 1.4% | |||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | 220,726 | Square Feet | 100.0% | 08/31/14 | 24,000,000 | 08/08/14 | 16,570,388 | 16,570,388 | 1.3% | |||||||||||||||||||
12 | JPMCB | Arden Park | 301 | Units | 95.3% | 08/22/14 | 42,300,000 | 07/29/14 | 77.1% | 32,600,000 | 108,306 | 32,600,000 | 108,306 | 2.6% | No | |||||||||||||||
13 | GECC | Canyon Ranch Portfolio | 277 | Rooms | 58.4% | 06/30/14 | 282,100,000 | Various | 53.2% | 30,000,000 | 541,516 | 30,000,000 | 541,516 | 2.4% | No | |||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 151 | Rooms | 58.0% | 06/30/14 | 178,100,000 | 06/19/14 | 18,940,092 | 18,940,092 | 1.5% | |||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 126 | Rooms | 58.9% | 06/30/14 | 104,000,000 | 06/24/14 | 11,059,908 | 11,059,908 | 0.9% | |||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 192 | Rooms | 78.3% | 08/31/14 | 43,800,000 | 07/01/14 | 67.4% | 29,500,000 | 153,646 | 29,500,000 | 153,646 | 2.3% | No | |||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 323,025 | Square Feet | 100.0% | 09/02/14 | 38,850,000 | 06/05/14 | 72.1% | 28,000,000 | 87 | 28,000,000 | 87 | 2.2% | No | |||||||||||||||
16 | Barclays | Kenwood City Retail | 84,247 | Square Feet | 92.5% | 06/16/14 | 32,890,000 | 07/28/14 | 74.1% | 24,375,000 | 289 | 24,375,000 | 289 | 1.9% | No | |||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | 57,173 | Square Feet | 89.0% | 06/16/14 | 18,520,000 | 07/28/14 | 13,725,296 | 13,725,296 | 1.1% | |||||||||||||||||||
16.02 | Barclays | Kenwood City Place | 27,074 | Square Feet | 100.0% | 06/16/14 | 14,370,000 | 07/28/14 | 10,649,704 | 10,649,704 | 0.8% | |||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 171 | Rooms | 75.6% | 07/31/14 | 40,500,000 | 07/01/14 | 58.0% | 23,500,000 | 137,427 | 23,500,000 | 137,427 | 1.8% | No | |||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 270 | Units | 94.1% | 06/12/14 | 37,650,000 | 06/05/14 | 59.4% | 22,350,000 | 82,778 | 22,350,000 | 82,778 | 1.8% | No | |||||||||||||||
19 | Barclays | Meridian Corporate Center II | 295,672 | Square Feet | 84.8% | 07/30/14 | 28,875,000 | 07/21/14 | 69.7% | 20,126,000 | 68 | 20,126,000 | 68 | 1.6% | No | |||||||||||||||
20 | RAIT | 2100 Wharton Street | 226,173 | Square Feet | 88.7% | 07/01/14 | 30,000,000 | 07/07/14 | 63.3% | 19,000,000 | 84 | 19,000,000 | 84 | 1.5% | No | |||||||||||||||
21 | RAIT | Peerless Lofts | 97 | Units | 97.9% | 06/25/14 | 24,800,000 | 06/05/14 | 74.5% | 18,500,000 | 190,722 | 18,475,505 | 190,469 | 1.5% | No | |||||||||||||||
22 | Barclays | Glenbrook Commons | 254,113 | Square Feet | 94.2% | 07/31/14 | 24,200,000 | 07/30/14 | 71.1% | 17,200,000 | 68 | 17,200,000 | 68 | 1.4% | No | |||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 165,264 | Square Feet | 100.0% | 08/29/14 | 22,900,000 | 07/29/14 | 71.6% | 16,400,000 | 99 | 16,400,000 | 99 | 1.3% | No | |||||||||||||||
24 | KeyBank | Water’s Edge | 184 | Units | 95.7% | 08/18/14 | 19,500,000 | 06/12/14 | 69.3% | 13,518,000 | 73,467 | 13,518,000 | 73,467 | 1.1% | No | |||||||||||||||
25 | JPMCB | Westin Columbus | 188 | Rooms | 70.6% | 07/31/14 | 21,000,000 | 07/24/14 | 61.9% | 13,000,000 | 69,149 | 13,000,000 | 69,149 | 1.0% | No | |||||||||||||||
26 | Barclays | Meriden Executive Park | 152,753 | Square Feet | 92.5% | 08/01/14 | 17,000,000 | 07/24/14 | 70.0% | 11,900,000 | 78 | 11,900,000 | 78 | 0.9% | No | |||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 86,639 | Square Feet | 89.1% | 07/10/14 | 13,400,000 | 07/18/14 | 74.6% | 10,000,000 | 115 | 10,000,000 | 115 | 0.8% | No | |||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 92,704 | Square Feet | 82.6% | 08/14/14 | 14,450,000 | 07/21/14 | 62.3% | 9,000,000 | 97 | 9,000,000 | 97 | 0.7% | No | |||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 84,629 | Square Feet | 92.9% | 09/09/14 | 11,900,000 | 08/18/14 | 75.0% | 8,925,000 | 105 | 8,925,000 | 105 | 0.7% | No | |||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | 447 | Pads | 84.8% | 07/31/14 | 10,950,000 | 08/20/14 | 74.4% | 8,150,000 | 18,233 | 8,150,000 | 18,233 | 0.6% | No | |||||||||||||||
30.01 | KeyBank | Apple Valley Estates | 238 | Pads | 97.1% | 07/31/14 | 9,100,000 | 08/20/14 | 6,773,059 | 6,773,059 | 0.5% | |||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | 131 | Pads | 61.8% | 07/31/14 | 1,050,000 | 08/20/14 | 781,507 | 781,507 | 0.1% | |||||||||||||||||||
30.03 | KeyBank | Merrywood | 78 | Pads | 85.9% | 07/31/14 | 800,000 | 08/20/14 | 595,434 | 595,434 | 0.0% | |||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 164,087 | Square Feet | 100.0% | 08/20/14 | 12,000,000 | 07/29/14 | 67.5% | 8,100,000 | 49 | 8,100,000 | 49 | 0.6% | No | |||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | 55,172 | Square Feet | 100.0% | 10/01/14 | 12,180,000 | Various | 64.7% | 7,880,000 | 143 | 7,880,000 | 143 | 0.6% | No | |||||||||||||||
32.01 | RAIT | Fresenius Medical Care | 14,373 | Square Feet | 100.0% | 10/01/14 | 5,100,000 | 07/21/14 | 3,290,000 | 3,290,000 | 0.3% | |||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | 21,702 | Square Feet | 100.0% | 10/01/14 | 3,950,000 | 07/16/14 | 2,550,000 | 2,550,000 | 0.2% | |||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | 19,097 | Square Feet | 100.0% | 10/01/14 | 3,130,000 | 07/10/14 | 2,040,000 | 2,040,000 | 0.2% | |||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 313 | Units | 98.4% | 08/31/14 | 9,730,000 | 05/07/14 | 74.7% | 7,300,000 | 23,323 | 7,273,168 | 23,237 | 0.6% | No | |||||||||||||||
34 | RAIT | Racine Center | 135,827 | Square Feet | 90.8% | 04/21/14 | 9,600,000 | 04/21/14 | 73.8% | 7,100,000 | 52 | 7,083,281 | 52 | 0.6% | No | |||||||||||||||
35 | RAIT | Northridge Business Center | 174,506 | Square Feet | 83.6% | 05/16/14 | 11,950,000 | 05/28/14 | 57.7% | 6,900,000 | 40 | 6,900,000 | 40 | 0.5% | No | |||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 83 | Rooms | 84.6% | 05/31/14 | 10,100,000 | 06/22/14 | 68.2% | 6,900,000 | 83,133 | 6,887,282 | 82,979 | 0.5% | No | |||||||||||||||
37 | KeyBank | The Carrier Building | 165,000 | Square Feet | 100.0% | 07/02/14 | 8,510,000 | 07/11/14 | 75.1% | 6,400,000 | 39 | 6,391,557 | 39 | 0.5% | No | |||||||||||||||
38 | KeyBank | Wichita Square | 67,431 | Square Feet | 100.0% | 07/31/14 | 9,010,000 | 06/05/14 | 68.8% | 6,200,000 | 92 | 6,200,000 | 92 | 0.5% | No | |||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | 71,830 | Square Feet | 100.0% | 10/01/14 | 12,900,000 | 07/15/14 | 47.0% | 6,060,000 | 84 | 6,060,000 | 84 | 0.5% | No | |||||||||||||||
40 | Barclays | Storage Max Self Storage | 942 | Units | 88.9% | 09/08/14 | 9,450,000 | 07/24/14 | 63.5% | 6,000,000 | 6,369 | 6,000,000 | 6,369 | 0.5% | No | |||||||||||||||
41 | KeyBank | Westwood Square | 77,447 | Square Feet | 96.1% | 07/11/14 | 7,275,000 | 05/01/15 | 75.0% | 5,456,000 | 70 | 5,456,000 | 70 | 0.4% | No | |||||||||||||||
42 | RAIT | Dollar General Portfolio | 36,252 | Square Feet | 100.0% | 10/01/14 | 7,060,000 | 04/10/14 | 76.3% | 5,402,000 | 149 | 5,383,760 | 149 | 0.4% | No | |||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | 9,026 | Square Feet | 100.0% | 10/01/14 | 1,840,000 | 04/10/14 | 1,407,887 | 1,403,133 | 0.1% | |||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | 9,026 | Square Feet | 100.0% | 10/01/14 | 1,780,000 | 04/10/14 | 1,361,977 | 1,357,379 | 0.1% | |||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | 9,100 | Square Feet | 100.0% | 10/01/14 | 1,740,000 | 04/10/14 | 1,331,371 | 1,326,876 | 0.1% | |||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | 9,100 | Square Feet | 100.0% | 10/01/14 | 1,700,000 | 04/10/14 | 1,300,765 | 1,296,373 | 0.1% | |||||||||||||||||||
43 | KeyBank | Marysville Farms | 160 | Pads | 96.3% | 07/01/14 | 6,550,000 | 07/01/14 | 74.8% | 4,900,000 | 30,625 | 4,900,000 | 30,625 | 0.4% | No | |||||||||||||||
44 | KeyBank | StaxUp Self Storage | 541 | Units | 80.6% | 06/30/14 | 5,600,000 | 07/03/14 | 74.8% | 4,200,000 | 7,763 | 4,189,760 | 7,744 | 0.3% | No | |||||||||||||||
45 | RAIT | 740 Kifer Road | 22,986 | Square Feet | 100.0% | 10/01/14 | 6,525,000 | 07/22/14 | 61.3% | 4,000,000 | 174 | 4,000,000 | 174 | 0.3% | No | |||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 60,048 | Square Feet | 97.0% | 05/20/14 | 5,000,000 | 06/17/14 | 74.9% | 3,750,000 | 62 | 3,745,106 | 62 | 0.3% | No | |||||||||||||||
47 | KeyBank | Village Park Apartments | 132 | Units | 97.7% | 06/18/14 | 5,040,000 | 06/12/14 | 71.8% | 3,630,000 | 27,500 | 3,621,078 | 27,432 | 0.3% | No | |||||||||||||||
48 | KeyBank | Anchor Industrial Park | 118,665 | Square Feet | 100.0% | 06/01/14 | 4,800,000 | 06/11/14 | 74.8% | 3,600,000 | 30 | 3,591,400 | 30 | 0.3% | No | |||||||||||||||
49 | JPMCB | Hampton Inn Massillon | 73 | Rooms | 70.5% | 05/31/14 | 7,000,000 | 07/01/14 | 50.0% | 3,500,000 | 47,945 | 3,500,000 | 47,945 | 0.3% | No | |||||||||||||||
50 | RAIT | Woodland Estates | 338 | Pads | 67.5% | 06/01/14 | 5,600,000 | 05/28/14 | 53.6% | 3,000,000 | 8,876 | 3,000,000 | 8,876 | 0.2% | No | |||||||||||||||
51 | JPMCB | Rite Aid | 13,813 | Square Feet | 100.0% | 10/01/14 | 5,400,000 | 04/17/14 | 54.8% | 3,000,000 | 217 | 2,961,365 | 214 | 0.2% | No | |||||||||||||||
52 | KeyBank | Trotwood Self Storage | 557 | Units | 98.9% | 06/30/14 | 3,700,000 | 07/14/14 | 74.9% | 2,775,000 | 4,982 | 2,771,265 | 4,975 | 0.2% | No | |||||||||||||||
53 | Barclays | East Dublin Center | 43,291 | Square Feet | 100.0% | 06/04/14 | 2,900,000 | 06/30/14 | 79.4% | 2,306,250 | 53 | 2,303,370 | 53 | 0.2% | No | |||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 335 | Units | 83.0% | 07/14/14 | 3,110,000 | 07/09/14 | 67.1% | 2,089,000 | 6,236 | 2,086,249 | 6,228 | 0.2% | No |
A-1-2
ANNEX A-1
Net | ||||||||||||||||||||||||||||||
Related | Interest | Admin. | Mortgage | Monthly Debt | Annual Debt | First | Partial IO | Partial IO Loan | Rem. | Rem. | ||||||||||||||||||||
Loan # | Seller(1) | Property Name | Borrower(7) | Rate %(8) | Fee %(8) | Rate %(8) | Accrual Type | Service ($)(9)(10) | Service ($)(10) | Note Date | Payment Date | Last IO Payment | First P&I Payment | Term | Amort | |||||||||||||||
1 | JPMCB / Column | Grapevine Mills | No | 3.83270 | 0.01080 | 3.82190 | Actual/360 | 372,401.81 | 4,468,821.74 | 09/02/14 | 11/01/14 | 120 | 0 | |||||||||||||||||
2 | JPMCB | The Mall of Victor Valley | No | 3.96550 | 0.01080 | 3.95470 | Actual/360 | 385,305.24 | 4,623,662.85 | 08/28/14 | 10/01/14 | 119 | 0 | |||||||||||||||||
3 | Barclays | Columbus Square Portfolio | No | 4.57000 | 0.01830 | 4.55170 | Actual/360 | 459,691.05 | 5,516,292.60 | 08/08/14 | 09/11/14 | 02/11/18 | 03/11/18 | 118 | 420 | |||||||||||||||
4 | JPMCB | 635 Madison Avenue | No | 4.47917 | 0.01080 | 4.46837 | Actual/360 | 454,903.39 | 5,458,840.68 | 09/23/14 | 11/01/14 | 10/01/19 | 11/01/19 | 120 | 360 | |||||||||||||||
5 | KeyBank | Hutch Tower Two | No | 4.57000 | 0.01830 | 4.55170 | Actual/360 | 411,236.69 | 4,934,840.28 | 09/12/14 | 11/01/14 | 10/01/17 | 11/01/17 | 120 | 360 | |||||||||||||||
6 | JPMCB | 17 State Street | No | 4.45250 | 0.01080 | 4.44170 | Actual/360 | 282,146.27 | 3,385,755.21 | 07/15/14 | 09/01/14 | 118 | 0 | |||||||||||||||||
7 | Barclays | North Riverside Park Mall | No | 4.93500 | 0.01080 | 4.92420 | Actual/360 | 399,642.10 | 4,795,705.20 | 09/15/14 | 11/06/14 | 60 | 360 | |||||||||||||||||
8 | JPMCB | NoBu Station | Yes - Group 1 | 4.36000 | 0.01080 | 4.34920 | Actual/360 | 209,328.38 | 2,511,940.56 | 09/19/14 | 11/01/14 | 10/01/19 | 11/01/19 | 120 | 360 | |||||||||||||||
9 | Barclays | Meridian Corporate Center I | Yes - Group 2 | 3.90600 | 0.02080 | 3.88520 | Actual/360 | 119,668.85 | 1,436,026.25 | 08/07/14 | 10/06/14 | 59 | 0 | |||||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | No | 4.48600 | 0.01080 | 4.47520 | Actual/360 | 177,048.83 | 2,124,585.96 | 09/15/14 | 11/01/14 | 10/01/17 | 11/01/17 | 120 | 360 | |||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | No | 4.97000 | 0.01080 | 4.95920 | Actual/360 | 187,246.38 | 2,246,956.56 | 09/15/14 | 11/01/14 | 10/01/16 | 11/01/16 | 84 | 360 | |||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | ||||||||||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | ||||||||||||||||||||||||||||
12 | JPMCB | Arden Park | Yes - Group 1 | 4.31950 | 0.02830 | 4.29120 | Actual/360 | 161,701.59 | 1,940,419.08 | 09/02/14 | 11/01/14 | 10/01/19 | 11/01/19 | 120 | 360 | |||||||||||||||
13 | GECC | Canyon Ranch Portfolio | No | 4.13000 | 0.01830 | 4.11170 | Actual/360 | 145,482.08 | 1,745,784.96 | 08/20/14 | 10/01/14 | 09/01/19 | 10/01/19 | 119 | 360 | |||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | ||||||||||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | ||||||||||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | No | 5.49804 | 0.01080 | 5.48724 | Actual/360 | 163,505.15 | 1,962,061.80 | 09/09/14 | 11/01/14 | 10/01/15 | 11/01/15 | 60 | 360 | |||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | No | 4.93000 | 0.01830 | 4.91170 | Actual/360 | 149,114.47 | 1,789,373.64 | 09/18/14 | 11/01/14 | 132 | 360 | |||||||||||||||||
16 | Barclays | Kenwood City Retail | No | 4.43850 | 0.01080 | 4.42770 | Actual/360 | 122,615.44 | 1,471,385.28 | 08/22/14 | 10/06/14 | 09/06/17 | 10/06/17 | 119 | 360 | |||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | ||||||||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | ||||||||||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | No | 4.50000 | 0.01080 | 4.48920 | Actual/360 | 130,620.63 | 1,567,447.56 | 09/09/14 | 11/01/14 | 120 | 300 | |||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | No | 4.48000 | 0.01080 | 4.46920 | Actual/360 | 112,978.72 | 1,355,744.64 | 06/24/14 | 08/06/14 | 07/06/19 | 08/06/19 | 117 | 360 | |||||||||||||||
19 | Barclays | Meridian Corporate Center II | Yes - Group 2 | 3.90600 | 0.02080 | 3.88520 | Actual/360 | 66,419.99 | 797,039.92 | 08/07/14 | 10/06/14 | 59 | 0 | |||||||||||||||||
20 | RAIT | 2100 Wharton Street | No | 4.61500 | 0.01080 | 4.60420 | Actual/360 | 97,572.83 | 1,170,873.96 | 09/11/14 | 11/01/14 | 10/01/16 | 11/01/16 | 120 | 360 | |||||||||||||||
21 | RAIT | Peerless Lofts | No | 4.47000 | 0.01080 | 4.45920 | Actual/360 | 93,407.30 | 1,120,887.60 | 08/04/14 | 10/01/14 | 119 | 359 | |||||||||||||||||
22 | Barclays | Glenbrook Commons | No | 4.44800 | 0.01080 | 4.43720 | Actual/360 | 86,619.25 | 1,039,431.00 | 09/03/14 | 10/06/14 | 09/06/18 | 10/06/18 | 119 | 360 | |||||||||||||||
23 | Barclays | 1690 New Britain Avenue | Yes - Group 3 | 4.46000 | 0.04080 | 4.41920 | Actual/360 | 82,707.07 | 992,484.84 | 09/10/14 | 10/06/14 | 09/06/19 | 10/06/19 | 119 | 360 | |||||||||||||||
24 | KeyBank | Water’s Edge | No | 4.68000 | 0.01830 | 4.66170 | Actual/360 | 69,947.05 | 839,364.60 | 09/12/14 | 11/01/14 | 10/01/16 | 11/01/16 | 120 | 360 | |||||||||||||||
25 | JPMCB | Westin Columbus | No | 5.03150 | 0.01080 | 5.02070 | Actual/360 | 70,037.29 | 840,447.48 | 09/17/14 | 11/01/14 | 60 | 360 | |||||||||||||||||
26 | Barclays | Meriden Executive Park | Yes - Group 3 | 4.39000 | 0.04080 | 4.34920 | Actual/360 | 59,520.28 | 714,243.36 | 08/22/14 | 10/06/14 | 09/06/19 | 10/06/19 | 119 | 360 | |||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | No | 4.49700 | 0.01080 | 4.48620 | Actual/360 | 50,650.71 | 607,808.52 | 08/20/14 | 10/06/14 | 09/06/16 | 10/06/16 | 119 | 360 | |||||||||||||||
28 | Barclays | Churchill Square Shopping Center | No | 4.44700 | 0.01080 | 4.43620 | Actual/360 | 45,318.69 | 543,824.28 | 08/27/14 | 10/06/14 | 09/06/19 | 10/06/19 | 119 | 360 | |||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | No | 4.68000 | 0.01830 | 4.66170 | Actual/360 | 46,181.20 | 554,174.40 | 09/12/14 | 11/01/14 | 120 | 360 | |||||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | No | 4.66000 | 0.01830 | 4.64170 | Actual/360 | 42,073.26 | 504,879.12 | 09/11/14 | 11/01/14 | 120 | 360 | |||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | ||||||||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | ||||||||||||||||||||||||||||
30.03 | KeyBank | Merrywood | ||||||||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | Yes - Group 4 | 4.58000 | 0.01830 | 4.56170 | Actual/360 | 41,427.43 | 497,129.16 | 09/11/14 | 11/01/14 | 120 | 360 | |||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | No | 4.61000 | 0.05830 | 4.55170 | Actual/360 | 40,443.48 | 485,321.76 | 09/16/14 | 11/01/14 | 10/01/15 | 11/01/15 | 60 | 360 | |||||||||||||||
32.01 | RAIT | Fresenius Medical Care | ||||||||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | ||||||||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | ||||||||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | No | 4.55000 | 0.01080 | 4.53920 | Actual/360 | 37,205.22 | 446,462.64 | 06/06/14 | 08/01/14 | 117 | 357 | |||||||||||||||||
34 | RAIT | Racine Center | No | 4.82000 | 0.01080 | 4.80920 | Actual/360 | 37,337.12 | 448,045.44 | 07/17/14 | 09/01/14 | 118 | 358 | |||||||||||||||||
35 | RAIT | Northridge Business Center | No | 4.66000 | 0.08830 | 4.57170 | Actual/360 | 35,620.31 | 427,443.72 | 08/05/14 | 10/01/14 | 09/01/16 | 10/01/16 | 119 | 360 | |||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | No | 4.37000 | 0.01830 | 4.35170 | Actual/360 | 37,845.08 | 454,140.96 | 08/12/14 | 10/01/14 | 59 | 299 | |||||||||||||||||
37 | KeyBank | The Carrier Building | Yes - Group 4 | 4.49000 | 0.01830 | 4.47170 | Actual/360 | 32,389.84 | 388,678.08 | 08/21/14 | 10/01/14 | 119 | 359 | |||||||||||||||||
38 | KeyBank | Wichita Square | No | 4.72000 | 0.01830 | 4.70170 | Actual/360 | 32,230.12 | 386,761.44 | 09/10/14 | 11/01/14 | 120 | 360 | |||||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | No | 4.41500 | 0.01080 | 4.40420 | Actual/360 | 30,399.83 | 364,797.96 | 09/10/14 | 11/01/14 | 120 | 360 | |||||||||||||||||
40 | Barclays | Storage Max Self Storage | No | 4.59000 | 0.01080 | 4.57920 | Actual/360 | 30,722.81 | 368,673.72 | 09/18/14 | 11/06/14 | 10/06/18 | 11/06/18 | 120 | 360 | |||||||||||||||
41 | KeyBank | Westwood Square | No | 4.48000 | 0.01830 | 4.46170 | Actual/360 | 27,579.95 | 330,959.40 | 09/04/14 | 11/01/14 | 10/01/16 | 11/01/16 | 120 | 360 | |||||||||||||||
42 | RAIT | Dollar General Portfolio | No | 4.95000 | 0.01080 | 4.93920 | Actual/360 | 28,834.26 | 346,011.12 | 06/05/14 | 08/01/14 | 81 | 357 | |||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | ||||||||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | ||||||||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | ||||||||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | ||||||||||||||||||||||||||||
43 | KeyBank | Marysville Farms | No | 4.87000 | 0.01830 | 4.85170 | Actual/360 | 28,275.01 | 339,300.12 | 09/04/14 | 11/01/14 | 120 | 300 | |||||||||||||||||
44 | KeyBank | StaxUp Self Storage | No | 4.65000 | 0.01830 | 4.63170 | Actual/360 | 21,656.75 | 259,881.00 | 07/31/14 | 09/01/14 | 118 | 358 | |||||||||||||||||
45 | RAIT | 740 Kifer Road | No | 4.45000 | 0.01080 | 4.43920 | Actual/360 | 15,039.35 | 180,472.22 | 08/19/14 | 10/01/14 | 83 | 0 | |||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | No | 4.55000 | 0.01830 | 4.53170 | Actual/360 | 19,112.27 | 229,347.24 | 08/04/14 | 10/01/14 | 119 | 359 | |||||||||||||||||
47 | KeyBank | Village Park Apartments | No | 4.61000 | 0.01830 | 4.59170 | Actual/360 | 18,630.69 | 223,568.28 | 07/31/14 | 09/01/14 | 118 | 358 | |||||||||||||||||
48 | KeyBank | Anchor Industrial Park | No | 4.75000 | 0.01830 | 4.73170 | Actual/360 | 18,779.30 | 225,351.60 | 07/02/14 | 09/01/14 | 118 | 358 | |||||||||||||||||
49 | JPMCB | Hampton Inn Massillon | No | 5.09000 | 0.01080 | 5.07920 | Actual/360 | 20,644.60 | 247,735.20 | 09/09/14 | 11/01/14 | 61 | 300 | |||||||||||||||||
50 | RAIT | Woodland Estates | No | 4.89000 | 0.01080 | 4.87920 | Actual/360 | 15,903.57 | 190,842.84 | 09/05/14 | 11/01/14 | 120 | 360 | |||||||||||||||||
51 | JPMCB | Rite Aid | No | 4.84450 | 0.01080 | 4.83370 | Actual/360 | 31,592.12 | 379,105.44 | 07/31/14 | 09/01/14 | 118 | 118 | |||||||||||||||||
52 | KeyBank | Trotwood Self Storage | No | 4.38000 | 0.01830 | 4.36170 | Actual/360 | 13,863.35 | 166,360.20 | 08/20/14 | 10/01/14 | 119 | 359 | |||||||||||||||||
53 | Barclays | East Dublin Center | No | 4.79000 | 0.01080 | 4.77920 | Actual/360 | 12,086.16 | 145,033.92 | 08/28/14 | 10/06/14 | 119 | 359 | |||||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | No | 4.50000 | 0.01830 | 4.48170 | Actual/360 | 10,584.66 | 127,015.92 | 08/05/14 | 10/01/14 | 59 | 359 |
A-1-3
ANNEX A-1
Payment | Grace Period | Grace Period | Final | Maturity/ARD | Maturity | Prepayment | ||||||||||||||||||||
Loan # | Seller(1) | Property Name | I/O Period | Seasoning | Due Date | (Late Payment) | (Default) | Maturity Date(11) | ARD Loan(11) | Mat Date(11) | Balance ($)(5) | LTV %(4) | Provision (Payments)(12) | |||||||||||||
1 | JPMCB / Column | Grapevine Mills | 120 | 0 | 1 | 5 | 5 | 10/01/24 | No | 115,000,000 | 53.1% | L(24),Def(89),O(7) | ||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 120 | 1 | 1 | 5 | 0 | 09/01/24 | No | 115,000,000 | 62.8% | L(25),Def(90),O(5) | ||||||||||||||
3 | Barclays | Columbus Square Portfolio | 42 | 2 | 11 | 5 | 0 | 08/11/24 | No | 88,255,651 | 66.1% | L(26),Def(90),O(4) | ||||||||||||||
4 | JPMCB | 635 Madison Avenue | 60 | 0 | 1 | 5 | 0 | 10/01/24 | No | 82,341,383 | 42.2% | L(24),Def(93),O(3) | ||||||||||||||
5 | KeyBank | Hutch Tower Two | 36 | 0 | 1 | 0 | 3 | 10/01/24 | No | 70,580,977 | 60.3% | L(24),Def(93),O(3) | ||||||||||||||
6 | JPMCB | 17 State Street | 120 | 2 | 1 | 5 | 0 | 08/01/24 | No | 75,000,000 | 55.4% | L(26),Def(90),O(4) | ||||||||||||||
7 | Barclays | North Riverside Park Mall | 0 | 0 | 6 | 0 | 0 | 10/06/19 | No | 69,100,214 | 53.6% | L(24),Def(32),O(4) | ||||||||||||||
8 | JPMCB | NoBu Station | 60 | 0 | 1 | 0 | 0 | 10/01/24 | No | 38,351,598 | 71.0% | L(25),Grtr1%orYM(93),O(2) | ||||||||||||||
9 | Barclays | Meridian Corporate Center I | 60 | 1 | 6 | 0 | 0 | 09/06/19 | No | 36,261,000 | 68.3% | L(25),Def(31),O(4) | ||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 36 | 0 | 1 | 0 | 0 | 10/01/24 | No | 30,628,055 | 55.5% | L(25),Grtr1%orYM(92),O(3) | ||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | 24 | 0 | 1 | 5 | 5 | 10/01/21 | No | 32,263,233 | 63.1% | L(24),Def(56),O(4) | ||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | 16,988,539 | |||||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | 15,274,694 | |||||||||||||||||||||||
12 | JPMCB | Arden Park | 60 | 0 | 1 | 0 | 0 | 10/01/24 | No | 29,748,361 | 70.3% | L(25),Grtr1%orYM(93),O(2) | ||||||||||||||
13 | GECC | Canyon Ranch Portfolio | 60 | 1 | 1 | 5 | 5 | 09/01/24 | No | 27,289,105 | 48.4% | L(25),Def(91),O(4) | ||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 17,228,606 | |||||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 10,060,500 | |||||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 12 | 0 | 1 | 0 | 0 | 10/01/19 | No | 28,069,419 | 64.1% | L(25),Grtr1%orYM(11),O(24) | ||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 0 | 0 | 1 | 0 | 5 | 10/01/25 | No | 22,313,492 | 57.4% | L(36),Def(72),O(24) | ||||||||||||||
16 | Barclays | Kenwood City Retail | 36 | 1 | 6 | 0 | 0 | 09/06/24 | No | 21,306,099 | 64.8% | L(25),Def(91),O(4) | ||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | 11,997,232 | |||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | 9,308,867 | |||||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 0 | 0 | 1 | 2 (once a year, max twice) | 2 (once a year, max twice) | 10/01/24 | Yes | 11/01/44 | 17,248,589 | 42.6% | L(24),Def(93),O(3) | |||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 60 | 3 | 6 | 0 | 0 | 07/06/24 | No | 20,448,998 | 54.3% | L(24),Grtr1%orYM(92),O(4) | ||||||||||||||
19 | Barclays | Meridian Corporate Center II | 60 | 1 | 6 | 0 | 0 | 09/06/19 | No | 20,126,000 | 69.7% | L(25),Def(31),O(4) | ||||||||||||||
20 | RAIT | 2100 Wharton Street | 24 | 0 | 1 | 5 | 5 | 10/01/24 | No | 16,276,589 | 54.3% | L(24),Def(92),O(4) | ||||||||||||||
21 | RAIT | Peerless Lofts | 0 | 1 | 1 | 5 | 5 | 09/01/24 | No | 14,942,049 | 60.3% | L(25),Def(91),O(4) | ||||||||||||||
22 | Barclays | Glenbrook Commons | 48 | 1 | 6 | 0 | 0 | 09/06/24 | No | 15,390,706 | 63.6% | L(25),Def(91),O(4) | ||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 60 | 1 | 6 | 0 | 0 | 09/06/24 | No | 14,999,473 | 65.5% | L(24),Grtr1%orYM(92),O(4) | ||||||||||||||
24 | KeyBank | Water’s Edge | 24 | 0 | 1 | 0 | 5 | 10/01/24 | No | 11,600,198 | 59.5% | L(24),Def(93),O(3) | ||||||||||||||
25 | JPMCB | Westin Columbus | 0 | 0 | 1 | 0 | 0 | 10/01/19 | No | 11,994,898 | 57.1% | L(25),Grtr1%orYM(11),1%(21),O(3) | ||||||||||||||
26 | Barclays | Meriden Executive Park | 60 | 1 | 6 | 0 | 0 | 09/06/24 | No | 10,871,397 | 63.9% | L(24),Grtr1%orYM(92),O(4) | ||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 24 | 1 | 6 | 0 | 0 | 09/06/24 | No | 8,539,471 | 63.7% | L(25),Def(91),O(4) | ||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 60 | 1 | 6 | 0 | 0 | 09/06/24 | No | 8,229,687 | 57.0% | L(25),Def(91),O(4) | ||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 0 | 0 | 1 | 5 | 5 | 10/01/24 | No | 7,260,775 | 61.0% | L(24),Def(92),O(4) | ||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | 0 | 0 | 1 | 5 | 5 | 10/01/24 | No | 6,625,805 | 60.5% | L(24),Def(93),O(3) | ||||||||||||||
30.01 | KeyBank | Apple Valley Estates | 5,506,377 | |||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | 635,351 | |||||||||||||||||||||||
30.03 | KeyBank | Merrywood | 484,077 | |||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 0 | 0 | 1 | 5 | 5 | 10/01/24 | No | 6,567,276 | 54.7% | L(24),Def(92),O(4) | ||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | 12 | 0 | 1 | 5 | 5 | 10/01/19 | Yes | 10/01/24 | 7,367,625 | 60.5% | L(24),Def(32),O(4) | |||||||||||||
32.01 | RAIT | Fresenius Medical Care | 3,076,077 | |||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | 2,384,194 | |||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | 1,907,355 | |||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 0 | 3 | 1 | 0 | 5 | 07/01/24 | No | 5,913,073 | 60.8% | L(27),Def(89),O(4) | ||||||||||||||
34 | RAIT | Racine Center | 0 | 2 | 1 | 0 | 5 | 08/01/24 | No | 5,803,358 | 60.5% | L(26),Def(90),O(4) | ||||||||||||||
35 | RAIT | Northridge Business Center | 24 | 1 | 1 | 5 | 5 | 09/01/24 | No | 5,917,753 | 49.5% | L(25),Def(91),O(4) | ||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 0 | 1 | 1 | 0 | 0 | 09/01/19 | No | 6,071,771 | 60.1% | L(25),Def(32),O(3) | ||||||||||||||
37 | KeyBank | The Carrier Building | 0 | 1 | 1 | 15 | 5 | 09/01/24 | No | 5,172,705 | 60.8% | L(25),Def(91),O(4) | ||||||||||||||
38 | KeyBank | Wichita Square | 0 | 0 | 1 | 0 | 5 | 10/01/24 | No | 5,050,706 | 56.1% | L(24),Def(93),O(3) | ||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | 0 | 0 | 1 | 0 | 0 | 10/01/24 | Yes | 01/01/29 | 4,885,477 | 37.9% | L(25),Grtr1%orYM(92),O(3) | |||||||||||||
40 | Barclays | Storage Max Self Storage | 48 | 0 | 6 | 0 | 0 | 10/06/24 | No | 5,383,889 | 57.0% | L(24),Def(92),O(4) | ||||||||||||||
41 | KeyBank | Westwood Square | 24 | 0 | 1 | 0 | 0 | 10/01/24 | No | 4,657,188 | 64.0% | L(24),Def(93),O(3) | ||||||||||||||
42 | RAIT | Dollar General Portfolio | 0 | 3 | 1 | 5 | 5 | 07/01/21 | Yes | 07/01/44 | 4,777,320 | 67.7% | L(27),Def(53),O(4) | |||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | 1,245,080 | |||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | 1,204,480 | |||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | 1,177,413 | |||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | 1,150,346 | |||||||||||||||||||||||
43 | KeyBank | Marysville Farms | 0 | 0 | 1 | 0 | 5 | 10/01/24 | No | 3,646,602 | 55.7% | L(25),Grtr1%orYM(91),O(4) | ||||||||||||||
44 | KeyBank | StaxUp Self Storage | 0 | 2 | 1 | 0 | 5 | 08/01/24 | No | 3,413,420 | 61.0% | L(26),Def(91),O(3) | ||||||||||||||
45 | RAIT | 740 Kifer Road | 84 | 1 | 1 | 0 | 5 | 09/01/21 | No | 4,000,000 | 61.3% | L(47),Grtr1%orYM(33),O(4) | ||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 0 | 1 | 1 | 0 | 5 | 09/01/24 | No | 3,037,128 | 60.7% | L(25),Def(92),O(3) | ||||||||||||||
47 | KeyBank | Village Park Apartments | 0 | 2 | 1 | 0 | 5 | 08/01/24 | No | 2,946,166 | 58.5% | L(26),Def(91),O(3) | ||||||||||||||
48 | KeyBank | Anchor Industrial Park | 0 | 2 | 1 | 0 | 0 | 08/01/24 | No | 2,935,671 | 61.2% | L(26),Def(91),O(3) | ||||||||||||||
49 | JPMCB | Hampton Inn Massillon | 0 | 0 | 1 | 0 | 0 | 11/01/19 | No | 3,111,702 | 44.5% | L(25),Grtr1%orYM(33),O(3) | ||||||||||||||
50 | RAIT | Woodland Estates | 0 | 0 | 1 | 5 | 5 | 10/01/24 | No | 2,457,787 | 43.9% | L(24),Def(92),O(4) | ||||||||||||||
51 | JPMCB | Rite Aid | 0 | 2 | 1 | 0 | 0 | 08/01/24 | No | 16,103 | 0.3% | L(26),Def(93),O(1) | ||||||||||||||
52 | KeyBank | Trotwood Self Storage | 0 | 1 | 1 | 0 | 0 | 09/01/24 | No | 2,234,330 | 60.4% | L(25),Def(92),O(3) | ||||||||||||||
53 | Barclays | East Dublin Center | 0 | 1 | 6 | 0 | 0 | 09/06/24 | No | 1,883,045 | 64.9% | L(25),Def(92),O(3) | ||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 0 | 1 | 1 | 0 | 5 | 09/01/19 | No | 1,911,570 | 61.5% | L(25),Def(32),O(3) |
A-1-4
ANNEX A-1
HISTORICAL FINANCIALS(13) | ||||||||||||||||||||||||||||||
2011 | 2012 | 2013 | ||||||||||||||||||||||||||||
2011 | Total | 2011 | 2012 | Total | 2012 | 2013 | Total | 2013 | Most Recent | Most Recent | Most Recent | |||||||||||||||||||
Loan # | Seller(1) | Property Name | Revenues ($) | Expenses ($) | NOI ($) | Revenues ($) | Expenses ($) | NOI ($) | Revenues ($) | Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | As of | |||||||||||||||
1 | JPMCB / Column | Grapevine Mills | 47,586,833 | 13,988,745 | 33,598,088 | 48,368,499 | 13,689,254 | 34,679,245 | 49,651,342 | 13,709,825 | 35,941,517 | 50,646,806 | 14,131,965 | 36,514,841 | 06/30/14 | |||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 14,555,274 | 4,305,042 | 10,250,231 | 13,875,309 | 4,306,246 | 9,569,064 | 14,611,099 | 4,548,802 | 10,062,297 | 15,504,281 | 4,567,492 | 10,936,789 | 06/30/14 | |||||||||||||||
3 | Barclays | Columbus Square Portfolio | 23,636,329 | 3,215,058 | 20,421,271 | 21,821,850 | 2,488,024 | 19,333,826 | ||||||||||||||||||||||
4 | JPMCB | 635 Madison Avenue | 12,879,377 | 8,505,404 | 4,373,973 | 13,814,676 | 8,708,541 | 5,106,135 | 15,912,606 | 8,862,369 | 7,050,237 | 06/30/14 | ||||||||||||||||||
5 | KeyBank | Hutch Tower Two | ||||||||||||||||||||||||||||
6 | JPMCB | 17 State Street | 28,781,838 | 13,499,936 | 15,281,901 | 27,838,166 | 13,871,717 | 13,966,450 | 27,799,566 | 14,752,050 | 13,047,516 | 28,779,889 | 14,749,671 | 14,030,219 | 05/31/14 | |||||||||||||||
7 | Barclays | North Riverside Park Mall | 18,207,140 | 10,898,963 | 7,308,177 | 18,383,922 | 11,168,711 | 7,215,211 | 18,266,689 | 11,092,706 | 7,173,983 | 18,517,534 | 10,867,841 | 7,649,693 | 06/30/14 | |||||||||||||||
8 | JPMCB | NoBu Station | 5,477,697 | 2,241,397 | 3,236,300 | 06/30/14 | ||||||||||||||||||||||||
9 | Barclays | Meridian Corporate Center I | 4,448,772 | 2,485,850 | 1,962,922 | 5,074,899 | 2,667,277 | 2,407,622 | 5,809,151 | 2,644,338 | 3,164,813 | 5,983,963 | 2,746,783 | 3,237,180 | 06/30/14 | |||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 26,830,531 | 19,678,782 | 7,151,749 | 28,677,964 | 20,621,308 | 8,056,656 | 30,824,528 | 21,351,559 | 9,472,969 | 31,384,482 | 21,686,879 | 9,697,603 | 08/31/14 | |||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | 5,565,626 | 2,241,654 | 3,323,972 | 5,728,420 | 2,121,221 | 3,607,199 | 5,557,027 | 2,146,849 | 3,410,178 | 5,759,771 | 2,140,180 | 3,619,591 | 07/31/14 | |||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | 3,163,001 | 1,181,862 | 1,981,139 | 3,048,912 | 1,112,864 | 1,936,048 | 2,912,945 | 1,181,346 | 1,731,599 | 2,982,265 | 1,201,926 | 1,780,339 | 07/31/14 | |||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | 2,402,625 | 1,059,792 | 1,342,833 | 2,679,508 | 1,008,357 | 1,671,151 | 2,644,082 | 965,503 | 1,678,579 | 2,777,506 | 938,254 | 1,839,252 | 07/31/14 | |||||||||||||||
12 | JPMCB | Arden Park | 3,822,548 | 1,830,204 | 1,992,344 | 07/31/14 | ||||||||||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | 88,074,065 | 67,637,298 | 20,436,767 | 89,132,188 | 69,066,993 | 20,065,195 | 95,272,918 | 72,253,945 | 23,018,973 | 98,371,191 | 73,959,283 | 24,411,908 | 06/30/14 | |||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 47,609,645 | 36,470,911 | 11,138,734 | 48,568,084 | 36,736,855 | 11,831,229 | 52,227,659 | 38,757,207 | 13,470,452 | 55,278,048 | 40,310,848 | 14,967,200 | 06/30/14 | |||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 40,464,420 | 31,166,387 | 9,298,033 | 40,564,104 | 32,330,138 | 8,233,966 | 43,045,259 | 33,496,738 | 9,548,521 | 43,093,142 | 33,648,435 | 9,444,707 | 06/30/14 | |||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 5,779,496 | 3,800,982 | 1,978,514 | 6,539,775 | 3,826,530 | 2,713,245 | 7,125,712 | 4,190,386 | 2,935,326 | 7,565,842 | 4,433,070 | 3,132,772 | 08/31/14 | |||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | ||||||||||||||||||||||||||||
16 | Barclays | Kenwood City Retail | 1,866,900 | 318,128 | 1,548,772 | |||||||||||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | 1,779,863 | 277,583 | 1,502,280 | 1,794,210 | 312,179 | 1,482,031 | ||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | 72,690 | 5,949 | 66,741 | 182,059 | 75,320 | 106,739 | 04/30/14 | |||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 6,766,799 | 5,141,476 | 1,625,323 | 8,197,044 | 5,559,204 | 2,637,840 | 8,892,661 | 5,654,836 | 3,237,825 | 9,552,128 | 5,954,786 | 3,597,342 | 07/31/14 | |||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 1,243,723 | 693,911 | 549,812 | 04/30/14 | ||||||||||||||||||||||||
19 | Barclays | Meridian Corporate Center II | 2,494,970 | 1,729,347 | 765,623 | 2,969,947 | 1,754,456 | 1,215,491 | 3,147,729 | 1,852,527 | 1,295,202 | 3,331,831 | 1,869,527 | 1,462,304 | 06/30/14 | |||||||||||||||
20 | RAIT | 2100 Wharton Street | 2,618,545 | 1,429,185 | 1,189,360 | 2,603,575 | 1,563,975 | 1,039,600 | 06/30/14 | |||||||||||||||||||||
21 | RAIT | Peerless Lofts | 2,320,373 | 842,379 | 1,477,994 | 2,424,468 | 841,416 | 1,583,052 | 2,522,258 | 896,397 | 1,625,861 | 2,521,978 | 915,959 | 1,606,019 | 03/31/14 | |||||||||||||||
22 | Barclays | Glenbrook Commons | 1,451,652 | 603,892 | 847,760 | 1,370,821 | 534,368 | 836,453 | 1,905,961 | 516,348 | 1,389,613 | 07/31/14 | ||||||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 1,717,435 | 1,092,061 | 625,373 | 2,826,977 | 1,294,077 | 1,532,900 | 2,971,961 | 1,346,808 | 1,625,153 | 2,919,969 | 1,370,788 | 1,549,181 | 08/31/14 | |||||||||||||||
24 | KeyBank | Water’s Edge | 2,109,046 | 948,792 | 1,160,254 | 2,242,855 | 978,647 | 1,264,208 | 2,320,575 | 1,009,694 | 1,310,881 | 07/31/14 | ||||||||||||||||||
25 | JPMCB | Westin Columbus | 9,613,621 | 8,397,875 | 1,215,746 | 9,625,245 | 8,486,761 | 1,138,484 | 9,775,384 | 8,556,781 | 1,218,603 | 10,278,736 | 8,862,660 | 1,416,076 | 07/31/14 | |||||||||||||||
26 | Barclays | Meriden Executive Park | 2,184,850 | 1,183,460 | 1,001,389 | 2,506,275 | 1,243,123 | 1,263,152 | 2,625,880 | 1,189,076 | 1,436,804 | 2,685,810 | 1,213,187 | 1,472,623 | 06/30/14 | |||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 1,662,413 | 929,849 | 732,564 | 1,532,763 | 910,589 | 622,174 | 1,450,817 | 899,781 | 551,036 | 1,432,687 | 882,372 | 550,315 | 06/30/14 | |||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 1,596,778 | 447,256 | 1,149,522 | 1,538,188 | 666,700 | 871,487 | 1,144,216 | 534,865 | 609,351 | 1,345,982 | 497,948 | 848,034 | 07/31/14 | |||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 966,876 | 170,842 | 796,034 | 966,488 | 176,136 | 790,352 | 958,963 | 200,099 | 758,864 | 1,017,023 | 209,632 | 807,391 | 07/31/14 | |||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | 1,414,336 | 671,591 | 742,745 | 1,480,221 | 674,929 | 805,292 | 1,491,936 | 676,132 | 815,804 | 07/31/14 | ||||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | 955,234 | 367,836 | 587,398 | 993,972 | 338,606 | 655,366 | 1,013,848 | 333,692 | 680,156 | 07/31/14 | ||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | 246,344 | 162,567 | 83,777 | 266,695 | 186,318 | 80,377 | 257,190 | 181,643 | 75,547 | 07/31/14 | ||||||||||||||||||
30.03 | KeyBank | Merrywood | 212,758 | 141,188 | 71,570 | 219,554 | 150,005 | 69,549 | 220,898 | 160,797 | 60,101 | 07/31/14 | ||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 1,107,650 | 301,981 | 805,669 | 1,119,157 | 298,387 | 820,770 | 1,141,150 | 302,090 | 839,061 | 06/30/14 | ||||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | ||||||||||||||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | ||||||||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | ||||||||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | ||||||||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 1,844,920 | 890,984 | 953,936 | 1,924,954 | 874,627 | 1,050,327 | 03/31/14 | |||||||||||||||||||||
34 | RAIT | Racine Center | 1,374,991 | 498,990 | 876,001 | 1,475,931 | 566,426 | 909,505 | 1,471,082 | 555,714 | 915,368 | |||||||||||||||||||
35 | RAIT | Northridge Business Center | 1,055,598 | 405,514 | 650,084 | 962,720 | 349,362 | 613,358 | 1,045,027 | 387,070 | 657,957 | 05/31/14 | ||||||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 2,221,746 | 1,696,027 | 525,719 | 2,476,886 | 1,928,774 | 548,112 | 2,793,058 | 2,087,392 | 705,666 | 3,055,381 | 2,284,730 | 770,651 | 05/31/14 | |||||||||||||||
37 | KeyBank | The Carrier Building | 778,425 | 133,677 | 644,749 | 786,514 | 112,544 | 673,969 | 794,197 | 108,145 | 686,052 | 05/31/14 | ||||||||||||||||||
38 | KeyBank | Wichita Square | 803,799 | 238,955 | 564,844 | 804,844 | 235,154 | 569,690 | 856,858 | 252,276 | 604,583 | 878,104 | 266,728 | 611,376 | 06/30/14 | |||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | ||||||||||||||||||||||||||||
40 | Barclays | Storage Max Self Storage | 1,067,406 | 480,708 | 586,698 | 1,098,376 | 482,704 | 615,672 | 1,235,411 | 527,754 | 707,657 | 1,302,799 | 555,360 | 747,439 | 07/31/14 | |||||||||||||||
41 | KeyBank | Westwood Square | 758,000 | 145,837 | 612,163 | 746,617 | 199,416 | 547,201 | 765,944 | 191,031 | 574,913 | 06/30/14 | ||||||||||||||||||
42 | RAIT | Dollar General Portfolio | ||||||||||||||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | ||||||||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | ||||||||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | ||||||||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | ||||||||||||||||||||||||||||
43 | KeyBank | Marysville Farms | 671,230 | 186,387 | 484,843 | 671,894 | 198,465 | 473,428 | 705,649 | 202,850 | 502,799 | 744,890 | 194,483 | 550,407 | 05/31/14 | |||||||||||||||
44 | KeyBank | StaxUp Self Storage | 609,352 | 206,209 | 403,144 | 613,101 | 236,516 | 376,585 | 610,491 | 236,773 | 373,718 | 06/30/14 | ||||||||||||||||||
45 | RAIT | 740 Kifer Road | 69,035 | 84,771 | -15,736 | 261,564 | 86,513 | 175,051 | 07/31/14 | |||||||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 517,142 | 118,696 | 398,446 | 487,746 | 146,616 | 341,130 | 541,821 | 154,599 | 387,222 | 05/31/14 | ||||||||||||||||||
47 | KeyBank | Village Park Apartments | 799,993 | 510,273 | 289,720 | 833,293 | 478,649 | 354,644 | 856,819 | 533,758 | 323,061 | 888,544 | 541,500 | 347,045 | 05/31/14 | |||||||||||||||
48 | KeyBank | Anchor Industrial Park | 530,684 | 202,590 | 328,094 | 600,445 | 217,272 | 383,174 | 664,724 | 212,745 | 451,979 | 698,655 | 233,557 | 465,098 | 05/31/14 | |||||||||||||||
49 | JPMCB | Hampton Inn Massillon | 1,594,376 | 1,155,819 | 438,557 | 1,788,020 | 1,265,936 | 522,084 | 1,888,282 | 1,286,150 | 602,132 | 1,922,338 | 1,324,203 | 598,135 | 05/31/14 | |||||||||||||||
50 | RAIT | Woodland Estates | 808,447 | 411,843 | 396,604 | 876,217 | 370,883 | 505,334 | 04/30/14 | |||||||||||||||||||||
51 | JPMCB | Rite Aid | 458,835 | 458,835 | 458,835 | 458,835 | 458,835 | 458,835 | ||||||||||||||||||||||
52 | KeyBank | Trotwood Self Storage | 554,106 | 263,749 | 290,357 | 540,711 | 248,229 | 292,481 | 539,837 | 223,532 | 316,305 | 06/30/14 | ||||||||||||||||||
53 | Barclays | East Dublin Center | 237,267 | 187,842 | 49,425 | 305,520 | 164,756 | 140,764 | 385,465 | 144,685 | 240,780 | 478,343 | 148,171 | 330,172 | 06/30/14 | |||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 368,792 | 130,843 | 237,949 | 400,854 | 244,871 | 155,983 | 399,559 | 237,874 | 161,685 | 06/30/14 |
A-1-5
ANNEX A-1
UW | ||||||||||||||||||||||||||||||||
Economic | UW | UW Total | UW | UW Capital | UW | UW | UW NCF | UW NOI | UW NCF | Ground Lease | Ground Lease | |||||||||||||||||||||
Loan # | Seller(1) | Property Name | Occupancy % | Revenues ($)(3) | Expenses ($) | NOI ($)(3)(14) | Items ($) | NCF ($)(3)(14) | NOI DSCR(15) | DSCR(15) | Debt Yield % | Debt Yield % | Title Type(16) | Expiration | Extension Terms | PML % | ||||||||||||||||
1 | JPMCB / Column | Grapevine Mills | 92.3% | 50,889,938 | 14,261,393 | 36,628,545 | 1,831,847 | 34,796,698 | 3.52 | 3.34 | 13.7% | 13.0% | Fee | |||||||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 94.8% | 16,108,730 | 4,853,504 | 11,255,226 | 530,704 | 10,724,522 | 2.43 | 2.32 | 9.8% | 9.3% | Fee | 13% | ||||||||||||||||||
3 | Barclays | Columbus Square Portfolio | 90.8% | 29,269,650 | 2,376,810 | 26,892,839 | 499,422 | 26,393,417 | 1.17 | 1.15 | 6.7% | 6.6% | Fee | |||||||||||||||||||
4 | JPMCB | 635 Madison Avenue | 95.1% | 17,977,859 | 9,755,486 | 8,222,372 | 381,113 | 7,841,259 | 1.51 | 1.44 | 9.1% | 8.7% | Leasehold | 04/30/30 | One twenty-one-year option | |||||||||||||||||
5 | KeyBank | Hutch Tower Two | 97.0% | 9,715,642 | 2,113,687 | 7,601,955 | 69,533 | 7,532,421 | 1.54 | 1.53 | 9.4% | 9.4% | Fee | |||||||||||||||||||
6 | JPMCB | 17 State Street | 91.1% | 29,372,273 | 14,176,879 | 15,195,394 | 661,048 | 14,534,346 | 1.87 | 1.79 | 8.4% | 8.1% | Fee | |||||||||||||||||||
7 | Barclays | North Riverside Park Mall | 91.9% | 18,665,676 | 11,255,210 | 7,410,466 | 382,640 | 7,027,826 | 1.55 | 1.47 | 9.9% | 9.4% | Fee | |||||||||||||||||||
8 | JPMCB | NoBu Station | 94.3% | 5,877,258 | 2,690,208 | 3,187,050 | 94,800 | 3,092,250 | 1.27 | 1.23 | 7.6% | 7.4% | Fee | |||||||||||||||||||
9 | Barclays | Meridian Corporate Center I | 93.3% | 6,960,429 | 2,763,015 | 4,197,414 | 578,525 | 3,618,889 | 2.92 | 2.52 | 11.6% | 10.0% | Fee | |||||||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 80.0% | 31,384,479 | 21,824,811 | 9,559,668 | 0 | 9,559,668 | 1.97 | 1.97 | 11.9% | 11.9% | Leasehold | 05/31/68 | None | |||||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | 91.6% | 5,922,595 | 2,166,942 | 3,755,654 | 360,897 | 3,394,756 | 1.67 | 1.51 | 10.7% | 9.7% | Fee | |||||||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | 89.7% | 3,357,475 | 1,230,071 | 2,127,404 | 157,807 | 1,969,597 | Fee | |||||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | 94.2% | 2,565,120 | 936,871 | 1,628,249 | 203,090 | 1,425,159 | Fee | |||||||||||||||||||||||
12 | JPMCB | Arden Park | 95.0% | 4,481,825 | 2,020,304 | 2,461,521 | 60,200 | 2,401,321 | 1.27 | 1.24 | 7.6% | 7.4% | Fee | |||||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | 58.4% | 98,371,191 | 77,985,859 | 20,385,332 | 0 | 20,385,332 | 2.34 | 2.34 | 13.6% | 13.6% | Fee | |||||||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 58.0% | 55,278,048 | 42,502,113 | 12,775,935 | 0 | 12,775,935 | Fee | |||||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 58.9% | 43,093,142 | 35,483,746 | 7,609,396 | 0 | 7,609,396 | Fee | |||||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 78.3% | 7,565,842 | 4,433,871 | 3,131,971 | 0 | 3,131,971 | 1.60 | 1.60 | 10.6% | 10.6% | Fee | |||||||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 95.0% | 5,110,267 | 2,538,936 | 2,571,331 | 403,244 | 2,168,087 | 1.44 | 1.21 | 9.2% | 7.7% | Fee | |||||||||||||||||||
16 | Barclays | Kenwood City Retail | 92.5% | 3,177,192 | 917,751 | 2,259,441 | 123,518 | 2,135,922 | 1.54 | 1.45 | 9.3% | 8.8% | Fee | |||||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | 89.5% | 1,728,654 | 506,049 | 1,222,605 | 61,282 | 1,161,323 | Fee | |||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | 96.3% | 1,448,538 | 411,702 | 1,036,836 | 62,236 | 974,600 | Fee | |||||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 75.6% | 9,552,128 | 6,328,827 | 3,223,301 | 0 | 3,223,301 | 2.06 | 2.06 | 13.7% | 13.7% | Leasehold | 11/14/44 | None | |||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 94.2% | 3,799,375 | 1,521,642 | 2,277,732 | 68,310 | 2,209,422 | 1.68 | 1.63 | 10.2% | 9.9% | Fee | |||||||||||||||||||
19 | Barclays | Meridian Corporate Center II | 86.8% | 4,444,549 | 1,907,855 | 2,536,694 | 564,480 | 1,972,214 | 3.18 | 2.47 | 12.6% | 9.8% | Fee | |||||||||||||||||||
20 | RAIT | 2100 Wharton Street | 82.3% | 3,434,056 | 1,632,376 | 1,801,680 | 270,637 | 1,531,043 | 1.54 | 1.31 | 9.5% | 8.1% | Fee | |||||||||||||||||||
21 | RAIT | Peerless Lofts | 95.4% | 2,620,448 | 1,109,920 | 1,510,528 | 30,911 | 1,479,617 | 1.35 | 1.32 | 8.2% | 8.0% | Fee | |||||||||||||||||||
22 | Barclays | Glenbrook Commons | 91.6% | 2,225,875 | 541,766 | 1,684,109 | 173,209 | 1,510,900 | 1.62 | 1.45 | 9.8% | 8.8% | Fee | |||||||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 94.0% | 2,837,292 | 1,263,103 | 1,574,189 | 124,729 | 1,449,460 | 1.59 | 1.46 | 9.6% | 8.8% | Fee | |||||||||||||||||||
24 | KeyBank | Water’s Edge | 90.0% | 2,321,626 | 1,047,144 | 1,274,482 | 55,200 | 1,219,282 | 1.52 | 1.45 | 9.4% | 9.0% | Fee | |||||||||||||||||||
25 | JPMCB | Westin Columbus | 70.6% | 10,278,736 | 8,910,416 | 1,368,320 | 0 | 1,368,320 | 1.63 | 1.63 | 10.5% | 10.5% | Fee/Leasehold | 06/30/23 | One thirty-year option | |||||||||||||||||
26 | Barclays | Meriden Executive Park | 92.0% | 2,840,832 | 1,337,065 | 1,503,767 | 216,759 | 1,287,008 | 2.11 | 1.80 | 12.6% | 10.8% | Fee | |||||||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 90.6% | 1,836,572 | 867,615 | 968,957 | 127,328 | 841,629 | 1.59 | 1.38 | 9.7% | 8.4% | Fee | |||||||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 82.6% | 1,339,438 | 485,864 | 853,574 | 81,284 | 772,290 | 1.57 | 1.42 | 9.5% | 8.6% | Fee | |||||||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 89.8% | 1,008,137 | 214,861 | 793,277 | 63,566 | 729,711 | 1.43 | 1.32 | 8.9% | 8.2% | Fee | |||||||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | 85.1% | 1,488,306 | 680,619 | 807,687 | 29,055 | 778,632 | 1.60 | 1.54 | 9.9% | 9.6% | Fee | |||||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | 95.0% | 1,010,218 | 334,465 | 675,753 | 15,470 | 660,283 | Fee | |||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | 60.0% | 257,190 | 184,720 | 72,470 | 8,515 | 63,955 | Fee | |||||||||||||||||||||||
30.03 | KeyBank | Merrywood | 86.1% | 220,898 | 161,434 | 59,464 | 5,070 | 54,394 | Fee | |||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 93.1% | 1,074,560 | 309,277 | 765,283 | 69,926 | 695,357 | 1.54 | 1.40 | 9.4% | 8.6% | Fee | |||||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | 95.0% | 790,724 | 17,614 | 773,109 | 50,629 | 722,480 | 1.59 | 1.49 | 9.8% | 9.2% | Fee | |||||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | Fee | |||||||||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | Fee | |||||||||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | Fee | |||||||||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 91.0% | 1,965,666 | 1,137,069 | 828,597 | 78,250 | 750,347 | 1.86 | 1.68 | 11.4% | 10.3% | Fee | |||||||||||||||||||
34 | RAIT | Racine Center | 84.3% | 1,329,104 | 517,715 | 811,389 | 129,036 | 682,353 | 1.81 | 1.52 | 11.5% | 9.6% | Fee | |||||||||||||||||||
35 | RAIT | Northridge Business Center | 82.1% | 1,251,700 | 396,726 | 854,974 | 213,860 | 641,114 | 2.00 | 1.50 | 12.4% | 9.3% | Fee | |||||||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 82.1% | 2,970,436 | 2,209,985 | 760,451 | 0 | 760,451 | 1.67 | 1.67 | 11.0% | 11.0% | Fee | |||||||||||||||||||
37 | KeyBank | The Carrier Building | 95.0% | 738,815 | 139,055 | 599,760 | 64,105 | 535,655 | 1.54 | 1.38 | 9.4% | 8.4% | Fee | |||||||||||||||||||
38 | KeyBank | Wichita Square | 94.0% | 850,046 | 277,350 | 572,695 | 64,874 | 507,821 | 1.48 | 1.31 | 9.2% | 8.2% | Fee | |||||||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | 95.0% | 1,177,051 | 444,676 | 732,375 | 10,775 | 721,600 | 2.01 | 1.98 | 12.1% | 11.9% | Fee | |||||||||||||||||||
40 | Barclays | Storage Max Self Storage | 91.0% | 1,291,334 | 567,135 | 724,199 | 15,870 | 708,329 | 1.96 | 1.92 | 12.1% | 11.8% | Leasehold | 12/31/45 | Three five-year options | |||||||||||||||||
41 | KeyBank | Westwood Square | 94.0% | 814,777 | 231,758 | 583,019 | 105,245 | 477,774 | 1.76 | 1.44 | 10.7% | 8.8% | Fee | |||||||||||||||||||
42 | RAIT | Dollar General Portfolio | 100.0% | 645,021 | 191,179 | 453,842 | 0 | 453,842 | 1.31 | 1.31 | 8.4% | 8.4% | Fee | |||||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | Fee | |||||||||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | Fee | |||||||||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | Fee | |||||||||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | Fee | |||||||||||||||||||||||||||||
43 | KeyBank | Marysville Farms | 95.0% | 740,718 | 228,833 | 511,885 | 8,000 | 503,886 | 1.51 | 1.49 | 10.4% | 10.3% | Fee | |||||||||||||||||||
44 | KeyBank | StaxUp Self Storage | 76.7% | 610,490 | 255,029 | 356,461 | 11,166 | 344,295 | 1.37 | 1.32 | 8.5% | 8.2% | Fee | 13% | ||||||||||||||||||
45 | RAIT | 740 Kifer Road | 92.1% | 515,100 | 131,744 | 383,356 | 25,156 | 358,201 | 2.12 | 1.98 | 9.6% | 9.0% | Fee | 18% | ||||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 92.0% | 535,302 | 158,804 | 376,498 | 58,156 | 318,342 | 1.64 | 1.39 | 10.1% | 8.5% | Fee | |||||||||||||||||||
47 | KeyBank | Village Park Apartments | 89.6% | 931,979 | 542,271 | 389,708 | 39,600 | 350,108 | 1.74 | 1.57 | 10.8% | 9.7% | Fee | |||||||||||||||||||
48 | KeyBank | Anchor Industrial Park | 90.0% | 592,285 | 231,356 | 360,929 | 53,181 | 307,748 | 1.60 | 1.37 | 10.0% | 8.6% | Fee | |||||||||||||||||||
49 | JPMCB | Hampton Inn Massillon | 70.5% | 1,922,338 | 1,458,210 | 464,128 | 0 | 464,128 | 1.87 | 1.87 | 13.3% | 13.3% | Leasehold | 09/15/57 | Two twenty-year options | |||||||||||||||||
50 | RAIT | Woodland Estates | 66.9% | 973,980 | 441,690 | 532,290 | 16,900 | 515,390 | 2.79 | 2.70 | 17.7% | 17.2% | Fee | |||||||||||||||||||
51 | JPMCB | Rite Aid | 98.0% | 449,658 | 4,497 | 445,161 | 2,750 | 442,411 | 1.17 | 1.17 | 15.0% | 14.9% | Fee | |||||||||||||||||||
52 | KeyBank | Trotwood Self Storage | 89.3% | 539,837 | 281,120 | 258,716 | 11,057 | 247,660 | 1.56 | 1.49 | 9.3% | 8.9% | Fee | |||||||||||||||||||
53 | Barclays | East Dublin Center | 95.0% | 514,781 | 189,369 | 325,412 | 45,042 | 280,370 | 2.24 | 1.93 | 14.1% | 12.2% | Fee | |||||||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 78.7% | 399,559 | 224,061 | 175,498 | 6,086 | 169,412 | 1.38 | 1.33 | 8.4% | 8.1% | Fee |
A-1-6
ANNEX A-1
UPFRONT ESCROW(17) | MONTHLY ESCROW(18) | |||||||||||||||||||||||||||||||
Upfront | Upfront | Upfront | Upfront | Upfront | ||||||||||||||||||||||||||||
Capex | Engin. | Envir. | Upfront TI/LC | RE Tax | Upfront Ins. | Debt Service | Upfront Other | Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | |||||||||||||||||||
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | ||||||||||||||||
1 | JPMCB / Column | Grapevine Mills | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | 0 | Springing | Springing | Springing | 111,667 | ||||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 0 | 0 | 0 | 576,610 | 0 | 0 | 0 | 0 | Springing | 0 | Springing | Springing | Springing | 0 | ||||||||||||||||
3 | Barclays | Columbus Square Portfolio | 6,177 | 0 | 0 | 0 | 249,368 | 0 | 0 | 0 | 6,177 | 0 | Springing | 77,575 | Springing | 0 | ||||||||||||||||
4 | JPMCB | 635 Madison Avenue | 2,954 | 0 | 0 | 33,237 | 1,180,693 | 0 | 0 | 2,788,063 | 2,954 | 0 | 33,237 | 295,173 | Springing | 306,465 | ||||||||||||||||
5 | KeyBank | Hutch Tower Two | 0 | 0 | 0 | 0 | 35,379 | 0 | 0 | 8,158,568 | 0 | 0 | 0 | 8,845 | 171 | 0 | ||||||||||||||||
6 | JPMCB | 17 State Street | 0 | 0 | 0 | 0 | 1,040,885 | 0 | 0 | 4,011,639 | 8,395 | 0 | 46,640 | 520,500 | 69,400 | 0 | ||||||||||||||||
7 | Barclays | North Riverside Park Mall | 900,000 | 715,848 | 0 | 1,067,106 | 0 | 0 | 0 | 1,858,699 | 17,973 | 0 | 44,931 | 413,295 | Springing | 0 | ||||||||||||||||
8 | JPMCB | NoBu Station | 7,900 | 0 | 0 | 0 | 864,108 | 71,868 | 0 | 0 | 7,900 | 0 | 0 | 96,012 | 8,984 | 0 | ||||||||||||||||
9 | Barclays | Meridian Corporate Center I | 325,000 | 0 | 0 | 1,375,000 | 477,671 | 0 | 0 | 754,662 | Springing | 0 | Springing | 54,817 | Springing | 0 | ||||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 97,236 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4% of Gross Revenues | 0 | 0 | Springing | Springing | Springing | ||||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | 0 | 286,250 | 0 | 0 | 164,640 | 43,026 | 0 | 932,144 | 5,659 | 0 | 24,416 | 54,880 | 3,663 | 0 | ||||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | ||||||||||||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | ||||||||||||||||||||||||||||||
12 | JPMCB | Arden Park | 5,017 | 0 | 0 | 0 | 632,984 | 0 | 0 | 0 | 5,017 | 0 | 0 | 79,123 | 5,865 | 0 | ||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | 0 | 0 | 0 | 0 | 559,583 | 305,000 | 0 | 0 | 4% of Gross Revenues | 0 | 0 | 102,500 | 42,917 | 0 | ||||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | ||||||||||||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | ||||||||||||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 25,005 | 0 | 0 | 0 | 48,507 | 0 | 0 | 0 | 4% of Gross Revenues | 0 | 0 | 24,254 | Springing | 0 | ||||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 9,960 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,960 | 0 | Springing | Springing | Springing | 0 | ||||||||||||||||
16 | Barclays | Kenwood City Retail | 0 | 20,486 | 0 | 0 | 153,939 | 0 | 0 | 763,537 | 1,053 | 0 | 8,667 | 51,313 | Springing | 0 | ||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | ||||||||||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | ||||||||||||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 7,775,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | 0 | 0 | Springing | Springing | Springing | ||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | 0 | 0 | Springing | Springing | 0 | ||||||||||||||||
19 | Barclays | Meridian Corporate Center II | 300,000 | 0 | 0 | 625,000 | 364,744 | 0 | 0 | 618,213 | Springing | 0 | Springing | 41,858 | Springing | 0 | ||||||||||||||||
20 | RAIT | 2100 Wharton Street | 0 | 0 | 0 | 1,049,464 | 115,294 | 15,312 | 0 | 365,993 | 3,759 | 0 | Springing | 14,412 | 3,828 | 0 | ||||||||||||||||
21 | RAIT | Peerless Lofts | 0 | 0 | 0 | 0 | 6,326 | 54,053 | 0 | 0 | 1,950 | 0 | 626 | 2,109 | 6,757 | 0 | ||||||||||||||||
22 | Barclays | Glenbrook Commons | 200,000 | 0 | 0 | 0 | 61,383 | 0 | 0 | 0 | 0 | 0 | 10,588 | 15,346 | Springing | 0 | ||||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 300,000 | 0 | 50,000 | 900,000 | 54,330 | 0 | 0 | 0 | Springing | 0 | Springing | 18,110 | Springing | 0 | ||||||||||||||||
24 | KeyBank | Water’s Edge | 165,600 | 0 | 0 | 0 | 172,344 | 16,026 | 0 | 0 | 4,600 | 0 | 0 | 14,362 | 8,013 | 0 | ||||||||||||||||
25 | JPMCB | Westin Columbus | 34,262 | 0 | 0 | 0 | 147,807 | 0 | 0 | 3,102,700 | 4% of Gross Revenues | 0 | 0 | 29,562 | Springing | Springing | ||||||||||||||||
26 | Barclays | Meriden Executive Park | 100,000 | 0 | 0 | 1,000,000 | 87,568 | 0 | 0 | 0 | Springing | 0 | Springing | 29,189 | Springing | 0 | ||||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 0 | 0 | 0 | 962,465 | 50,882 | 0 | 0 | 59,866 | 1,444 | 0 | 9,025 | 8,480 | Springing | 0 | ||||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 27,811 | 0 | 0 | 92,704 | 0 | 0 | 0 | 400,000 | Springing | 0 | Springing | Springing | Springing | 0 | ||||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 259,080 | 21,250 | 0 | 1,763 | 30,043 | 14,006 | 0 | 169,150 | 1,080 | 0 | 1,763 | 7,511 | 2,001 | 0 | ||||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | 2,421 | 196,045 | 0 | 0 | 40,553 | 3,218 | 0 | 0 | 2,421 | 0 | 0 | 6,759 | 1,609 | 0 | ||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | ||||||||||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | ||||||||||||||||||||||||||||||
30.03 | KeyBank | Merrywood | ||||||||||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 1,368 | 0 | 0 | 2,051 | 72,951 | 8,383 | 0 | 0 | 1,368 | 0 | 2,051 | 14,590 | 699 | Springing | ||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | 41,000 | 0 | 0 | 0 | 0 | 0 | 31,281 | 0 | 0 | 0 | Springing | Springing | Springing | 0 | ||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | ||||||||||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | ||||||||||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | ||||||||||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 150,000 | 28,906 | 0 | 0 | 107,354 | 130,257 | 0 | 0 | Springing | 0 | 0 | 15,336 | 18,608 | 0 | ||||||||||||||||
34 | RAIT | Racine Center | 280,000 | 10,438 | 0 | 0 | 83,952 | 5,659 | 0 | 250,000 | 2,264 | 0 | 8,489 | 20,988 | 2,829 | Springing | ||||||||||||||||
35 | RAIT | Northridge Business Center | 0 | 0 | 0 | 100,000 | 64,991 | 5,409 | 0 | 0 | 2,774 | 0 | 10,402 | 6,499 | 1,803 | 0 | ||||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 10,312 | 0 | 0 | 0 | 52,109 | 2,237 | 0 | 643,860 | 4% of Gross Revenues | 0 | 0 | 6,514 | 2,237 | Springing | ||||||||||||||||
37 | KeyBank | The Carrier Building | 1,375 | 0 | 0 | 2,750 | 50,308 | 6,395 | 0 | 0 | 1,375 | 0 | 2,750 | 5,590 | 533 | Springing | ||||||||||||||||
38 | KeyBank | Wichita Square | 843 | 182,987 | 0 | 0 | 127,346 | 9,426 | 0 | 0 | 843 | 0 | Springing | 12,735 | 3,142 | 0 | ||||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | 0 | 0 | Springing | Springing | 0 | ||||||||||||||||
40 | Barclays | Storage Max Self Storage | 0 | 750 | 0 | 0 | 0 | 0 | 0 | 8,483 | Springing | 0 | 0 | Springing | Springing | Springing | ||||||||||||||||
41 | KeyBank | Westwood Square | 968 | 454,499 | 0 | 51,936 | 41,995 | 4,858 | 0 | 0 | 968 | 0 | 1,936 | 10,499 | 1,214 | Springing | ||||||||||||||||
42 | RAIT | Dollar General Portfolio | 0 | 0 | 0 | 0 | 26,079 | 0 | 0 | 0 | Springing | 0 | 0 | 13,039 | Springing | 0 | ||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | ||||||||||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | ||||||||||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | ||||||||||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | ||||||||||||||||||||||||||||||
43 | KeyBank | Marysville Farms | 667 | 0 | 0 | 0 | 17,328 | 750 | 0 | 0 | 667 | 0 | 0 | 2,443 | 750 | 0 | ||||||||||||||||
44 | KeyBank | StaxUp Self Storage | 931 | 0 | 0 | 0 | 22,678 | 595 | 0 | 0 | 931 | 0 | 0 | 4,536 | 298 | 0 | ||||||||||||||||
45 | RAIT | 740 Kifer Road | 0 | 0 | 0 | 0 | 19,875 | 1,857 | 0 | 0 | 0 | 0 | 0 | 6,625 | 464 | 0 | ||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 751 | 125,000 | 0 | 3,753 | 0 | 9,725 | 0 | 140,500 | 751 | 0 | 3,753 | Springing | 1,081 | 0 | ||||||||||||||||
47 | KeyBank | Village Park Apartments | 2,750 | 29,688 | 0 | 0 | 45,093 | 0 | 0 | 0 | 2,750 | 0 | 0 | 5,637 | Springing | 0 | ||||||||||||||||
48 | KeyBank | Anchor Industrial Park | 1,485 | 26,250 | 0 | 2,995 | 98,730 | 11,543 | 0 | 0 | 1,485 | 0 | 2,995 | 14,104 | 1,443 | 0 | ||||||||||||||||
49 | JPMCB | Hampton Inn Massillon | 6,408 | 0 | 0 | 0 | 162 | 18,002 | 0 | 0 | 4% of Gross Revenues | 0 | 0 | 32 | 2,100 | Springing | ||||||||||||||||
50 | RAIT | Woodland Estates | 0 | 14,875 | 0 | 0 | 57,084 | 3,462 | 0 | 0 | 1,408 | 0 | 0 | 7,135 | 866 | 0 | ||||||||||||||||
51 | JPMCB | Rite Aid | 229 | 0 | 0 | 0 | 0 | 590 | 0 | 0 | 229 | 0 | 0 | Springing | 590 | 0 | ||||||||||||||||
52 | KeyBank | Trotwood Self Storage | 921 | 0 | 0 | 0 | 17,326 | 3,961 | 0 | 0 | 921 | 0 | 0 | 5,775 | 990 | 0 | ||||||||||||||||
53 | Barclays | East Dublin Center | 0 | 175,000 | 0 | 0 | 14,286 | 913 | 0 | 0 | 613 | 0 | 2,525 | 4,762 | 913 | 0 | ||||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 507 | 0 | 0 | 0 | 31,457 | 1,456 | 0 | 0 | 507 | 0 | 0 | 3,932 | 728 | 0 |
A-1-7
ANNEX A-1
RESERVE CAPS(19) | LARGEST TENANT (3), (20), (21), (22) | |||||||||||||||||||||||||
CapEx | Envir. | TI/LC | RE Tax | Insur. | Debt Service | Other | Single | Lease | ||||||||||||||||||
Loan # | Seller(1) | Property Name | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Tenant | Largest Tenant | Unit Size | Expiration | |||||||||||||
1 | JPMCB / Column | Grapevine Mills | 1,285,200 | 4,020,000 | No | Burlington Coat Factory | 100,000 | 01/31/18 | ||||||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 96,205 | 536,170 | No | JCPenney | 91,776 | 09/30/32 | ||||||||||||||||||
3 | Barclays | Columbus Square Portfolio | 148,267 | 4,500,000 | No | Quik Park | 108,444 | 04/30/29 | ||||||||||||||||||
4 | JPMCB | 635 Madison Avenue | 1,994,220 | No | Reproductive Medical Associates | 25,779 | 12/31/22 | |||||||||||||||||||
5 | KeyBank | Hutch Tower Two | Yes | Montefiore Medical Center | 278,133 | 09/30/30 | ||||||||||||||||||||
6 | JPMCB | 17 State Street | No | Fidessa Group | 82,973 | 11/30/17 | ||||||||||||||||||||
7 | Barclays | North Riverside Park Mall | No | Conway Store | 33,324 | 11/30/19 | ||||||||||||||||||||
8 | JPMCB | NoBu Station | No | |||||||||||||||||||||||
9 | Barclays | Meridian Corporate Center I | 325,000 | 1,375,000 | No | Parexel | 92,029 | 12/31/22 | ||||||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | No | |||||||||||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | No | |||||||||||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | No | TJ Maxx | 31,469 | 01/31/23 | ||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | No | Kohl’s | 94,345 | 10/31/16 | ||||||||||||||||||||
12 | JPMCB | Arden Park | No | |||||||||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | No | |||||||||||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | No | |||||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | No | |||||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | No | |||||||||||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 597,596 | 5,168,400 | Yes | Motorola Solutions, Inc. | 323,025 | 10/31/25 | ||||||||||||||||||
16 | Barclays | Kenwood City Retail | 37,911 | 416,000 | No | |||||||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | No | LA Fitness | 42,141 | 12/31/29 | ||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | No | Coopers Hawk Restaurant | 11,000 | 12/31/23 | ||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | No | |||||||||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | No | |||||||||||||||||||||||
19 | Barclays | Meridian Corporate Center II | 300,000 | 625,000 | No | Parata Systems, LLC | 65,599 | 12/31/21 | ||||||||||||||||||
20 | RAIT | 2100 Wharton Street | 750,000 | No | Dynavox Systems, Inc. | 40,719 | 03/31/18 | |||||||||||||||||||
21 | RAIT | Peerless Lofts | 56,164 | 43,200 | No | |||||||||||||||||||||
22 | Barclays | Glenbrook Commons | 350,000 | No | Dunham’s Athleisure | 66,759 | 01/31/21 | |||||||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 350,000 | 900,000 | No | Allied Worldwide Assurance Company | 66,626 | 01/31/22 | ||||||||||||||||||
24 | KeyBank | Water’s Edge | No | |||||||||||||||||||||||
25 | JPMCB | Westin Columbus | No | |||||||||||||||||||||||
26 | Barclays | Meriden Executive Park | 50,000 | 800,000 | No | USI Insurance Services | 24,527 | 05/01/16 | ||||||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 324,896 | No | Prism Career Institute | 23,388 | 04/30/22 | |||||||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 27,811 | 92,704 | No | Publix | 48,890 | 04/22/22 | ||||||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 63,480 | 84,629 | No | Giant Eagle | 56,629 | 08/30/29 | ||||||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | No | |||||||||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | No | |||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | No | |||||||||||||||||||||||
30.03 | KeyBank | Merrywood | No | |||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 32,817 | 850,000 | Springing | Yes | Brenntag Great Lakes, LLC | 164,087 | 10/31/19 | |||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | Yes | |||||||||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | Yes | Fresenius Medical Care | 14,373 | 02/28/29 | ||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | Yes | Tractor Supply | 21,702 | 02/28/29 | ||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | Yes | Tractor Supply | 19,097 | 07/30/27 | ||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 78,250 | No | ||||||||||||||||||||||
34 | RAIT | Racine Center | 550,000 | No | Piggly Wiggly | 50,979 | 07/31/23 | |||||||||||||||||||
35 | RAIT | Northridge Business Center | 390,000 | No | RTS Leasing | 33,418 | 06/30/19 | |||||||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | No | |||||||||||||||||||||||
37 | KeyBank | The Carrier Building | 33,000 | 500,000 | Springing | Yes | Carrier Enterprises, LLC | 165,000 | 02/28/21 | |||||||||||||||||
38 | KeyBank | Wichita Square | No | Ross Dress for Less | 30,187 | 01/31/20 | ||||||||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | Yes | Academy Sports | 71,830 | 01/31/29 | ||||||||||||||||||||
40 | Barclays | Storage Max Self Storage | No | |||||||||||||||||||||||
41 | KeyBank | Westwood Square | 350,000 | No | Marc’s | 35,700 | 08/31/18 | |||||||||||||||||||
42 | RAIT | Dollar General Portfolio | Yes | |||||||||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | Yes | Dollar General | 9,026 | 09/30/28 | ||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | Yes | Dollar General | 9,026 | 03/31/29 | ||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | Yes | Dollar General | 9,100 | 02/28/29 | ||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | Yes | Dollar General | 9,100 | 02/28/29 | ||||||||||||||||||||
43 | KeyBank | Marysville Farms | 32,000 | No | ||||||||||||||||||||||
44 | KeyBank | StaxUp Self Storage | No | |||||||||||||||||||||||
45 | RAIT | 740 Kifer Road | Yes | Electro Scientific Industries | 22,986 | 03/31/19 | ||||||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 350,000 | No | Kroger | 36,158 | 09/30/23 | |||||||||||||||||||
47 | KeyBank | Village Park Apartments | No | |||||||||||||||||||||||
48 | KeyBank | Anchor Industrial Park | No | Kee Safety, Inc | 35,600 | 12/31/19 | ||||||||||||||||||||
49 | JPMCB | Hampton Inn Massillon | No | |||||||||||||||||||||||
50 | RAIT | Woodland Estates | No | |||||||||||||||||||||||
51 | JPMCB | Rite Aid | 5,496 | Yes | Rite Aid | 13,813 | 09/16/24 | |||||||||||||||||||
52 | KeyBank | Trotwood Self Storage | 15,000 | No | ||||||||||||||||||||||
53 | Barclays | East Dublin Center | 151,519 | No | Precious Moments Learning Center | 15,200 | 02/28/22 | |||||||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | No |
A-1-8
ANNEX A-1
2nd LARGEST TENANT (3), (20), (21), (22) | 3rd LARGEST TENANT (3), (20), (21), (22) | 4th LARGEST TENANT (3), (20), (21), (22) | ||||||||||||||||||||
Lease | Lease | Lease | ||||||||||||||||||||
Loan # | Seller(1) | Property Name | 2nd Largest Tenant | Unit Size | Expiration | 3rd Largest Tenant | Unit Size | Expiration | 4th Largest Tenant | Unit Size | Expiration | |||||||||||
1 | JPMCB / Column | Grapevine Mills | Last Call Neiman Marcus | 44,751 | 04/30/18 | Bed Bath & Beyond | 40,340 | 01/31/17 | LEGOLAND Discovery Centre | 39,475 | 12/31/26 | |||||||||||
2 | JPMCB | The Mall of Victor Valley | Sears | 78,212 | 10/24/19 | CineMark | 62,118 | 11/30/21 | Dick’s Sporting Goods | 49,965 | 01/31/24 | |||||||||||
3 | Barclays | Columbus Square Portfolio | Whole Foods | 62,454 | 08/31/29 | Mandell School | 55,022 | 06/30/30 | TJ Maxx | 40,550 | 10/31/19 | |||||||||||
4 | JPMCB | 635 Madison Avenue | N.Y. Physicians P.C. | 23,074 | 06/30/16 | HSS Properties Corp. | 11,303 | 06/30/19 | RW USA Corp. | 11,283 | 05/31/17 | |||||||||||
5 | KeyBank | Hutch Tower Two | ||||||||||||||||||||
6 | JPMCB | 17 State Street | Speechworks | 34,249 | 02/29/16 | Nelson, Levine, De Luca & Hamilton, LLC | 29,386 | 09/30/24 | IP Soft | 27,895 | 02/29/16 | |||||||||||
7 | Barclays | North Riverside Park Mall | Classic Cinema | 30,000 | 10/31/16 | Forever 21 | 16,000 | 06/30/24 | Old Navy | 14,949 | 03/31/19 | |||||||||||
8 | JPMCB | NoBu Station | ||||||||||||||||||||
9 | Barclays | Meridian Corporate Center I | Health Decisions | 64,266 | 06/30/18 | Chimerix, Inc. | 17,892 | 02/28/18 | Merritt Webb | 17,500 | 11/30/21 | |||||||||||
10 | JPMCB | Hilton Houston Post Oak | ||||||||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | ||||||||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | Planet Fitness | 27,400 | 11/30/21 | Michael’s | 21,677 | 02/28/25 | Pier 1 Imports | 14,579 | 09/30/17 | |||||||||||
11.02 | Barclays / RAIT | Oakland Square | DSW | 50,500 | 02/28/18 | Bed Bath & Beyond | 36,416 | 01/31/17 | Chuck E. Cheese’s | 17,825 | 03/31/22 | |||||||||||
12 | JPMCB | Arden Park | ||||||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | ||||||||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | ||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | ||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | ||||||||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | ||||||||||||||||||||
16 | Barclays | Kenwood City Retail | ||||||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | Mattress Firm | 3,900 | 08/31/15 | Panera Bread | 3,452 | 11/30/16 | Jefferson R. Anderson Real Estate | 1,384 | 12/31/29 | |||||||||||
16.02 | Barclays | Kenwood City Place | Genisis Diamonds | 4,485 | 09/30/24 | Cucinova Restaurant | 3,501 | 08/31/24 | Currito Burrito | 2,300 | 09/30/21 | |||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | ||||||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | ||||||||||||||||||||
19 | Barclays | Meridian Corporate Center II | NVIDIA Corporation | 25,952 | 06/30/17 | Spoonflower, Inc. | 19,687 | 04/30/16 | Professional Recover | 18,411 | 05/31/20 | |||||||||||
20 | RAIT | 2100 Wharton Street | County of Allegheny - Aging | 34,423 | 05/31/23 | Knopp Biosciences, LLC | 19,769 | 10/31/17 | County of Allegheny - Youth | 17,723 | 12/31/21 | |||||||||||
21 | RAIT | Peerless Lofts | ||||||||||||||||||||
22 | Barclays | Glenbrook Commons | Burlington Coat Factory | 50,187 | 02/28/24 | Toys R Us | 45,495 | 01/31/19 | Ollie’s Bargain Outlet | 26,642 | 01/13/21 | |||||||||||
23 | Barclays | 1690 New Britain Avenue | Moore Medical, LLC | 49,388 | 11/30/19 | AIG | 49,250 | 09/30/18 | ||||||||||||||
24 | KeyBank | Water’s Edge | ||||||||||||||||||||
25 | JPMCB | Westin Columbus | ||||||||||||||||||||
26 | Barclays | Meriden Executive Park | Institute of Professional Practice (IPP) | 21,390 | 07/01/22 | PMA Insurance | 17,158 | 05/01/16 | Infinex Financial Group | 15,844 | 07/01/20 | |||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | Thomas Jefferson University Hospital, Inc. | 14,916 | 01/31/25 | TSIC Acquisitions, LP | 8,179 | 12/31/15 | Deirdre Wood, MD, P.C. | 4,595 | 07/30/24 | |||||||||||
28 | Barclays | Churchill Square Shopping Center | Ocala Ale House | 6,000 | 05/31/23 | Quest Diagnostics | 3,000 | 06/30/17 | Ocala Family Denistry | 2,125 | 08/31/20 | |||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | O’Reilly Automotive Store | 8,000 | 11/13/28 | Sears Retail Dealer Store | 6,000 | 09/30/18 | Radio Shack | 2,000 | 08/31/18 | |||||||||||
30 | KeyBank | MHPI Indiana Portfolio | ||||||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | ||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | ||||||||||||||||||||
30.03 | KeyBank | Merrywood | ||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | ||||||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | ||||||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | ||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | ||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | ||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | ||||||||||||||||||||
34 | RAIT | Racine Center | Xperience Fitness | 31,117 | 09/30/26 | Party City | 12,724 | 12/31/15 | Dollar Tree | 10,304 | 09/30/15 | |||||||||||
35 | RAIT | Northridge Business Center | Flooring Dist. Intl | 12,143 | 05/31/16 | State of North Carolina | 11,191 | 01/22/19 | Professional Service Ind. | 9,352 | 09/30/15 | |||||||||||
36 | KeyBank | Hyatt Place - Nashville | ||||||||||||||||||||
37 | KeyBank | The Carrier Building | ||||||||||||||||||||
38 | KeyBank | Wichita Square | TJ Maxx | 27,489 | 08/31/20 | Shoe Carnival | 9,755 | 03/31/24 | Chick-fil-A | 4,227 | 05/31/33 | |||||||||||
39 | JPMCB | Academy Sports - Garland, TX | ||||||||||||||||||||
40 | Barclays | Storage Max Self Storage | ||||||||||||||||||||
41 | KeyBank | Westwood Square | Pet Supplies Plus | 12,700 | 08/31/24 | China Buffet | 6,900 | 12/31/16 | Rent A Center | 4,245 | 11/30/17 | |||||||||||
42 | RAIT | Dollar General Portfolio | ||||||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | ||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | ||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | ||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | ||||||||||||||||||||
43 | KeyBank | Marysville Farms | ||||||||||||||||||||
44 | KeyBank | StaxUp Self Storage | ||||||||||||||||||||
45 | RAIT | 740 Kifer Road | ||||||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | Hibbett Sporting Goods | 5,400 | 08/30/24 | Cato | 5,400 | 01/31/18 | Wah Mei Chinese Restaurant | 3,600 | 10/31/20 | |||||||||||
47 | KeyBank | Village Park Apartments | ||||||||||||||||||||
48 | KeyBank | Anchor Industrial Park | SAIA | 25,000 | 06/30/20 | Crystal Rock, LLC | 21,000 | 09/30/21 | DiPizio Construction | 20,005 | 12/31/28 | |||||||||||
49 | JPMCB | Hampton Inn Massillon | ||||||||||||||||||||
50 | RAIT | Woodland Estates | ||||||||||||||||||||
51 | JPMCB | Rite Aid | ||||||||||||||||||||
52 | KeyBank | Trotwood Self Storage | ||||||||||||||||||||
53 | Barclays | East Dublin Center | Family Dollar | 8,844 | 12/31/15 | Autozone | 8,160 | 09/30/23 | Everyday People Ministries | 4,800 | 06/30/16 | |||||||||||
54 | KeyBank | Storage Pros - Old Hickory |
A-1-9
ANNEX A-1
5th LARGEST TENANT (3), (20), (21), (22) | ||||||||||||||||||
Lease | Loan | Lockbox | Lockbox | |||||||||||||||
Loan # | Seller(1) | Property Name | 5th Largest Tenant | Unit Size | Expiration | Purpose | Principal / Carveout Guarantor(23) | (Y/N) | Type(24) | |||||||||
1 | JPMCB / Column | Grapevine Mills | Saks Off Fifth | 35,000 | 10/31/17 | Refinance | NAP | Yes | CMA | |||||||||
2 | JPMCB | The Mall of Victor Valley | Barnes & Noble | 25,221 | 01/31/17 | Refinance | The Macerich Partnership, L.P. | Yes | CMA | |||||||||
3 | Barclays | Columbus Square Portfolio | Michael’s | 34,424 | 03/31/20 | Refinance | Jacob Chetrit, Laurence Gluck | Yes | Hard | |||||||||
4 | JPMCB | 635 Madison Avenue | Suit Supply | 9,392 | 05/31/20 | Refinance | Ben Ashkenazy | Yes | Hard | |||||||||
5 | KeyBank | Hutch Tower Two | Refinance | Joseph Simone | Yes | CMA | ||||||||||||
6 | JPMCB | 17 State Street | Bressler Amery & Ross | 23,033 | 03/31/15 | Refinance | Aby Rosen, Michael Fuchs | Yes | Hard | |||||||||
7 | Barclays | North Riverside Park Mall | Deb Shop | 10,275 | 01/31/16 | Refinance | Jeffrey J. Feil, Lloyd Goldman | Yes | Hard | |||||||||
8 | JPMCB | NoBu Station | Acquisition | Oren Blatt, Yacob Blatt, Yehonatan Sade | Yes | Springing | ||||||||||||
9 | Barclays | Meridian Corporate Center I | Cerner Corporation | 14,793 | 01/31/17 | Acquisition | Investcorp US Real Estate, LLC | Yes | CMA | |||||||||
10 | JPMCB | Hilton Houston Post Oak | Refinance | Hotel Resort Properties, LLLP | Yes | CMA | ||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | Acquisition | RAIT Partnership, L.P. | Yes | CMA | ||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | Shoe Carnival | 10,200 | 05/31/24 | |||||||||||||
11.02 | Barclays / RAIT | Oakland Square | Five Below | 10,880 | 01/31/21 | |||||||||||||
12 | JPMCB | Arden Park | Acquisition | Oren Blatt, Yacob Blatt, Yehonatan Sade | Yes | Springing | ||||||||||||
13 | GECC | Canyon Ranch Portfolio | Refinance | CR Operating, LLC | Yes | CMA | ||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | ||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | ||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | Refinance | Gerald L. Sapp | Yes | CMA | ||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | Refinance | Michael K. Burns | Yes | CMA | ||||||||||||
16 | Barclays | Kenwood City Retail | Acquisition | Alan C. Fox | Yes | CMA | ||||||||||||
16.01 | Barclays | Kenwood City Pavilion | ||||||||||||||||
16.02 | Barclays | Kenwood City Place | Fusian Japanese Restaurant | 2,200 | 03/31/24 | |||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | Refinance | FelCor Lodging Limited Partnership | Yes | CMA | ||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | Acquisition | Inland Private Capital Corporation | Yes | Springing | ||||||||||||
19 | Barclays | Meridian Corporate Center II | Aldagen, Inc. | 16,314 | 12/31/18 | Acquisition | Investcorp US Real Estate, LLC | Yes | CMA | |||||||||
20 | RAIT | 2100 Wharton Street | Questfore, Inc. | 12,478 | 07/31/16 | Refinance | Aaron D. Stauber, Robert Ades, Alan A. Ades, Maurice Ades, Lawrence H. Walsh | Yes | Springing | |||||||||
21 | RAIT | Peerless Lofts | Refinance | Arnold B. Chace, Jr. | Yes | Springing | ||||||||||||
22 | Barclays | Glenbrook Commons | Goodwill Industries | 12,855 | 03/31/18 | Refinance | Bon Aviv Holdings LLC | Yes | CMA | |||||||||
23 | Barclays | 1690 New Britain Avenue | Acquisition | Christopher J. Knisley | Yes | CMA | ||||||||||||
24 | KeyBank | Water’s Edge | Acquisition | Trevor Gordon, Doug Sherman, Michael Augustine | Yes | CMA | ||||||||||||
25 | JPMCB | Westin Columbus | Refinance | Waterton Tactical Real Estate Fund I, L.L.C., Waterton Commercial Properties, L.L.C. | Yes | Hard | ||||||||||||
26 | Barclays | Meriden Executive Park | FBI (GSA) | 11,925 | 11/30/15 | Acquisition | Christopher J. Knisley | Yes | CMA | |||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | Care Connection | 4,089 | 08/31/18 | Refinance | George Comfort & Sons, Inc. | Yes | CMA | |||||||||
28 | Barclays | Churchill Square Shopping Center | Adobe East | 1,853 | 04/30/16 | Refinance | Gail C. Cox | Yes | Springing | |||||||||
29 | KeyBank | Skyview Plaza Shopping Center | GNC | 1,760 | 03/31/18 | Refinance | Jeffrey S. Lewis | Yes | Springing | |||||||||
30 | KeyBank | MHPI Indiana Portfolio | Refinance | James W. Soboleski, Deborah Soboleski, Benjamin Kadish | Yes | Springing | ||||||||||||
30.01 | KeyBank | Apple Valley Estates | ||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | ||||||||||||||||
30.03 | KeyBank | Merrywood | ||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | Refinance | John E. Shaffer | Yes | CMA | ||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | Acquisition | Behringer Net Lease Advisors, LLC | Yes | CMA | ||||||||||||
32.01 | RAIT | Fresenius Medical Care | ||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | ||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | ||||||||||||||||
33 | RAIT | Bennington Square Apartments | Refinance | Syed Salmon Razzaqi | Yes | Springing | ||||||||||||
34 | RAIT | Racine Center | Get It Now | 9,020 | 09/30/16 | Acquisition | Gilberto Cabral, Su Min Goh a/k/a Goh Su Min | Yes | Springing | |||||||||
35 | RAIT | Northridge Business Center | Modern Impr. of Charlotte | 6,237 | 02/28/17 | Refinance | Sky Management Services LLC | Yes | Hard | |||||||||
36 | KeyBank | Hyatt Place - Nashville | Acquisition | Dong G. Kim | Yes | Hard | ||||||||||||
37 | KeyBank | The Carrier Building | Refinance | John E. Shaffer, E. Thomas Collins, Jr. | Yes | CMA | ||||||||||||
38 | KeyBank | Wichita Square | Refinance | Kenneth A. Lockard, Lockard Development, Inc. | Yes | CMA | ||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | Acquisition | Trust A U/W Of C.E. Reunion dated June 25, 1998 | Yes | Springing | ||||||||||||
40 | Barclays | Storage Max Self Storage | Refinance | John M. Marshall | Yes | Springing | ||||||||||||
41 | KeyBank | Westwood Square | The Exchange | 3,000 | 06/30/19 | Acquisition | Bon Investments USA LLC | Yes | CMA | |||||||||
42 | RAIT | Dollar General Portfolio | Acquisition | Michael J. Falcone | Yes | Springing | ||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | ||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | ||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | ||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | ||||||||||||||||
43 | KeyBank | Marysville Farms | Refinance | Bradford S. Elvidge, Lawrence D. Buhl, III | Yes | Springing | ||||||||||||
44 | KeyBank | StaxUp Self Storage | Refinance | Randall U. Strauss | No | None | ||||||||||||
45 | RAIT | 740 Kifer Road | Acquisition | Swift Realty Partners LLC | Yes | CMA | ||||||||||||
46 | KeyBank | Harrodsburg Marketplace | Arby’s | 2,290 | 06/30/23 | Refinance | Wheeler Real Estate Investment Trust, Inc. | Yes | CMA | |||||||||
47 | KeyBank | Village Park Apartments | Acquisition | Matthew McLennan, Jonathan Twombly | Yes | CMA | ||||||||||||
48 | KeyBank | Anchor Industrial Park | Highway Rehabilitation Corp. | 11,900 | 06/30/18 | Refinance | Bernard DiPizio | Yes | CMA | |||||||||
49 | JPMCB | Hampton Inn Massillon | Refinance | Anthony S. Manna, Andrew M. Howe V, John D. Helline II | Yes | CMA | ||||||||||||
50 | RAIT | Woodland Estates | Refinance | Gregory Greif, Sundial Capital LLC | Yes | Springing | ||||||||||||
51 | JPMCB | Rite Aid | Refinance | Saul Tawil | Yes | Springing | ||||||||||||
52 | KeyBank | Trotwood Self Storage | Refinance | Maurice J. Brown | No | None | ||||||||||||
53 | Barclays | East Dublin Center | La Michoacana Market | 4,687 | 09/30/17 | Acquisition | Daniel Abramson, Kenneth Israel | Yes | Springing | |||||||||
54 | KeyBank | Storage Pros - Old Hickory | Acquisition | David M. Levenfeld, Ian M. Burnstein | No | None |
A-1-10
ANNEX A-1
Pari Passu Debt | Additional Debt | Total Debt | ||||||||||||||||||||||||||||||
Pari Passu | Pari Passu | Pari Passu | Total Cut-off | Addit Debt | Additional | Total Debt | Total Debt | |||||||||||||||||||||||||
Pari Passu | Note Control | Piece In Trust | Piece Non Trust | Date Pari | Permitted | Addit Debt | Additional | Debt Cut off | Additional Debt | Total Debt | UW NCF | Total Debt | UW NOI | |||||||||||||||||||
Loan # | Seller(1) | Property Name | (Y/N) | (Y/N) | Cut-Off Balance | Cut-Off Balance | Passu Debt | (Y/N) | Exist (Y/N)(25) | Debt Type(s) | Date Balance | Interest Rate | Cut-off Balance | DSCR | Current LTV % | Debt Yield % | ||||||||||||||||
1 | JPMCB / Column | Grapevine Mills | Yes | No | 115,000,000 | 153,000,000 | 268,000,000 | No | No | NAP | NAP | NAP | 268,000,000 | 3.34 | 53.1% | 13.7% | ||||||||||||||||
2 | JPMCB | The Mall of Victor Valley | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
3 | Barclays | Columbus Square Portfolio | Yes | No | 96,250,000 | 303,750,000 | 400,000,000 | No | No | NAP | NAP | NAP | 400,000,000 | 1.15 | 72.1% | 6.7% | ||||||||||||||||
4 | JPMCB | 635 Madison Avenue | No | NAP | NAP | NAP | NAP | No | Yes | Mezzanine Loan | 35,000,000 | 7.25000 | 125,000,000 | 0.98 | 64.1% | 6.6% | ||||||||||||||||
5 | KeyBank | Hutch Tower Two | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
6 | JPMCB | 17 State Street | Yes | No | 75,000,000 | 105,000,000 | 180,000,000 | No | Yes | Mezzanine Loan | 40,000,000 | 8.82000 | 220,000,000 | 1.24 | 67.7% | 6.9% | ||||||||||||||||
7 | Barclays | North Riverside Park Mall | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
8 | JPMCB | NoBu Station | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
9 | Barclays | Meridian Corporate Center I | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | Yes | No | 35,000,000 | 45,000,000 | 80,000,000 | No | No | NAP | NAP | NAP | 80,000,000 | 1.97 | 63.4% | 11.9% | ||||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | NAP | NAP | NAP | |||||||||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | NAP | NAP | NAP | |||||||||||||||||||||||||||
12 | JPMCB | Arden Park | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | Yes | No | 30,000,000 | 120,000,000 | 150,000,000 | No | No | NAP | NAP | NAP | 150,000,000 | 2.34 | 53.2% | 13.6% | ||||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 2.34 | 53.2% | 13.6% | |||||||||||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 2.34 | 53.2% | 13.6% | |||||||||||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | No | NAP | NAP | NAP | NAP | No | Yes | ESK Companion Loan | 5,000,000 | 10.00000 | 34,500,000 | 1.24 | 78.8% | 9.1% | ||||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
16 | Barclays | Kenwood City Retail | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | NAP | NAP | NAP | |||||||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | NAP | NAP | NAP | |||||||||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
19 | Barclays | Meridian Corporate Center II | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
20 | RAIT | 2100 Wharton Street | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
21 | RAIT | Peerless Lofts | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
22 | Barclays | Glenbrook Commons | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
23 | Barclays | 1690 New Britain Avenue | No | NAP | NAP | NAP | NAP | Yes | No | Permitted Mezzanine | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
24 | KeyBank | Water’s Edge | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
25 | JPMCB | Westin Columbus | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
26 | Barclays | Meriden Executive Park | No | NAP | NAP | NAP | NAP | Yes | No | Permitted Mezzanine | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
28 | Barclays | Churchill Square Shopping Center | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | NAP | NAP | NAP | |||||||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | NAP | NAP | NAP | |||||||||||||||||||||||||||
30.03 | KeyBank | Merrywood | NAP | NAP | NAP | |||||||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | NAP | NAP | NAP | |||||||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | NAP | NAP | NAP | |||||||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | NAP | NAP | NAP | |||||||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
34 | RAIT | Racine Center | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
35 | RAIT | Northridge Business Center | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
37 | KeyBank | The Carrier Building | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
38 | KeyBank | Wichita Square | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
40 | Barclays | Storage Max Self Storage | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
41 | KeyBank | Westwood Square | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
42 | RAIT | Dollar General Portfolio | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | NAP | NAP | NAP | |||||||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | NAP | NAP | NAP | |||||||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | NAP | NAP | NAP | |||||||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | NAP | NAP | NAP | |||||||||||||||||||||||||||
43 | KeyBank | Marysville Farms | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
44 | KeyBank | StaxUp Self Storage | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
45 | RAIT | 740 Kifer Road | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
47 | KeyBank | Village Park Apartments | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
48 | KeyBank | Anchor Industrial Park | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
49 | JPMCB | Hampton Inn Massillon | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
50 | RAIT | Woodland Estates | No | NAP | NAP | NAP | NAP | Yes | No | Permitted Mezzanine | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
51 | JPMCB | Rite Aid | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
52 | KeyBank | Trotwood Self Storage | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
53 | Barclays | East Dublin Center | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | No | NAP | NAP | NAP | NAP | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-11
ANNEX A-1
HOTEL OPERATING STATISTICS | ||||||||||||||||||||||||||||||||||||
2011 | 2011 | 2011 | 2012 | 2012 | 2012 | 2013 | 2013 | 2013 | Most Recent | Most Recent | Most Recent | UW | UW | UW | ||||||||||||||||||||||
Loan # | Seller(1) | Property Name | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # | ||||||||||||||||||
1 | JPMCB / Column | Grapevine Mills | 1 | |||||||||||||||||||||||||||||||||
2 | JPMCB | The Mall of Victor Valley | 2 | |||||||||||||||||||||||||||||||||
3 | Barclays | Columbus Square Portfolio | 3 | |||||||||||||||||||||||||||||||||
4 | JPMCB | 635 Madison Avenue | 4 | |||||||||||||||||||||||||||||||||
5 | KeyBank | Hutch Tower Two | 5 | |||||||||||||||||||||||||||||||||
6 | JPMCB | 17 State Street | 6 | |||||||||||||||||||||||||||||||||
7 | Barclays | North Riverside Park Mall | 7 | |||||||||||||||||||||||||||||||||
8 | JPMCB | NoBu Station | 8 | |||||||||||||||||||||||||||||||||
9 | Barclays | Meridian Corporate Center I | 9 | |||||||||||||||||||||||||||||||||
10 | JPMCB | Hilton Houston Post Oak | 83.7% | 129.93 | 108.79 | 84.4% | 138.54 | 116.89 | 86.1% | 149.73 | 128.94 | 83.5% | 156.87 | 130.93 | 80.0% | 163.66 | 130.93 | 10 | ||||||||||||||||||
11 | Barclays / RAIT | Oakland Square and Oakland Plaza | 11 | |||||||||||||||||||||||||||||||||
11.01 | Barclays / RAIT | Oakland Plaza | 11.01 | |||||||||||||||||||||||||||||||||
11.02 | Barclays / RAIT | Oakland Square | 11.02 | |||||||||||||||||||||||||||||||||
12 | JPMCB | Arden Park | 12 | |||||||||||||||||||||||||||||||||
13 | GECC | Canyon Ranch Portfolio | 56.2% | 455.14 | 255.62 | 54.7% | 475.16 | 259.85 | 57.6% | 488.31 | 281.04 | 58.4% | 501.27 | 292.77 | 58.4% | 501.27 | 292.77 | 13 | ||||||||||||||||||
13.01 | GECC | Canyon Ranch - Tucson | 53.7% | 454.48 | 243.91 | 52.6% | 480.85 | 252.72 | 56.1% | 489.04 | 274.53 | 58.0% | 506.60 | 293.89 | 58.0% | 506.60 | 293.89 | 13.01 | ||||||||||||||||||
13.02 | GECC | Canyon Ranch - Lenox | 59.2% | 455.95 | 269.93 | 57.4% | 468.21 | 268.56 | 59.3% | 487.41 | 289.00 | 58.9% | 494.76 | 291.41 | 58.9% | 494.76 | 291.41 | 13.02 | ||||||||||||||||||
14 | JPMCB | Embassy Suites Kennesaw | 66.1% | 116.34 | 76.90 | 71.0% | 120.30 | 85.45 | 75.6% | 123.84 | 93.67 | 78.3% | 127.63 | 99.88 | 78.3% | 127.63 | 99.88 | 14 | ||||||||||||||||||
15 | KeyBank | Motorola Solutions - Building I & III | 15 | |||||||||||||||||||||||||||||||||
16 | Barclays | Kenwood City Retail | 16 | |||||||||||||||||||||||||||||||||
16.01 | Barclays | Kenwood City Pavilion | 16.01 | |||||||||||||||||||||||||||||||||
16.02 | Barclays | Kenwood City Place | 16.02 | |||||||||||||||||||||||||||||||||
17 | JPMCB | Holiday Inn French Quarter-Chateau Lemoyne | 72.9% | 128.60 | 93.74 | 72.1% | 159.94 | 115.27 | 71.8% | 175.78 | 126.15 | 75.6% | 179.68 | 135.89 | 75.6% | 179.68 | 135.89 | 17 | ||||||||||||||||||
18 | Barclays | Watermark Hurstbourne Apartments | 18 | |||||||||||||||||||||||||||||||||
19 | Barclays | Meridian Corporate Center II | 19 | |||||||||||||||||||||||||||||||||
20 | RAIT | 2100 Wharton Street | 20 | |||||||||||||||||||||||||||||||||
21 | RAIT | Peerless Lofts | 21 | |||||||||||||||||||||||||||||||||
22 | Barclays | Glenbrook Commons | 22 | |||||||||||||||||||||||||||||||||
23 | Barclays | 1690 New Britain Avenue | 23 | |||||||||||||||||||||||||||||||||
24 | KeyBank | Water’s Edge | 24 | |||||||||||||||||||||||||||||||||
25 | JPMCB | Westin Columbus | 71.2% | 126.74 | 90.26 | 74.1% | 125.69 | 93.16 | 72.6% | 129.22 | 93.76 | 70.6% | 135.36 | 95.58 | 70.6% | 135.36 | 95.58 | 25 | ||||||||||||||||||
26 | Barclays | Meriden Executive Park | 26 | |||||||||||||||||||||||||||||||||
27 | Barclays | East Roosevelt Boulevard Office Portfolio | 27 | |||||||||||||||||||||||||||||||||
28 | Barclays | Churchill Square Shopping Center | 28 | |||||||||||||||||||||||||||||||||
29 | KeyBank | Skyview Plaza Shopping Center | 29 | |||||||||||||||||||||||||||||||||
30 | KeyBank | MHPI Indiana Portfolio | 30 | |||||||||||||||||||||||||||||||||
30.01 | KeyBank | Apple Valley Estates | 30.01 | |||||||||||||||||||||||||||||||||
30.02 | KeyBank | Regency Pointe Estates Community | 30.02 | |||||||||||||||||||||||||||||||||
30.03 | KeyBank | Merrywood | 30.03 | |||||||||||||||||||||||||||||||||
31 | KeyBank | Wauwatosa Industrial | 31 | |||||||||||||||||||||||||||||||||
32 | RAIT | Tractor Supply/Fresenius Medical | 32 | |||||||||||||||||||||||||||||||||
32.01 | RAIT | Fresenius Medical Care | 32.01 | |||||||||||||||||||||||||||||||||
32.02 | RAIT | Tractor Supply- Buckeye | 32.02 | |||||||||||||||||||||||||||||||||
32.03 | RAIT | Tractor Supply- Laurel | 32.03 | |||||||||||||||||||||||||||||||||
33 | RAIT | Bennington Square Apartments | 33 | |||||||||||||||||||||||||||||||||
34 | RAIT | Racine Center | 34 | |||||||||||||||||||||||||||||||||
35 | RAIT | Northridge Business Center | 35 | |||||||||||||||||||||||||||||||||
36 | KeyBank | Hyatt Place - Nashville | 71.7% | 95.42 | 68.42 | 79.4% | 96.88 | 76.89 | 83.3% | 103.99 | 86.60 | 84.6% | 112.16 | 94.90 | 82.1% | 112.16 | 92.09 | 36 | ||||||||||||||||||
37 | KeyBank | The Carrier Building | 37 | |||||||||||||||||||||||||||||||||
38 | KeyBank | Wichita Square | 38 | |||||||||||||||||||||||||||||||||
39 | JPMCB | Academy Sports - Garland, TX | 39 | |||||||||||||||||||||||||||||||||
40 | Barclays | Storage Max Self Storage | 40 | |||||||||||||||||||||||||||||||||
41 | KeyBank | Westwood Square | 41 | |||||||||||||||||||||||||||||||||
42 | RAIT | Dollar General Portfolio | 42 | |||||||||||||||||||||||||||||||||
42.01 | RAIT | Dollar General - Chillicothe | 42.01 | |||||||||||||||||||||||||||||||||
42.02 | RAIT | Dollar General - Columbus 2 | 42.02 | |||||||||||||||||||||||||||||||||
42.03 | RAIT | Dollar General - Columbus 1 | 42.03 | |||||||||||||||||||||||||||||||||
42.04 | RAIT | Dollar General - Kansas City | 42.04 | |||||||||||||||||||||||||||||||||
43 | KeyBank | Marysville Farms | 43 | |||||||||||||||||||||||||||||||||
44 | KeyBank | StaxUp Self Storage | 44 | |||||||||||||||||||||||||||||||||
45 | RAIT | 740 Kifer Road | 45 | |||||||||||||||||||||||||||||||||
46 | KeyBank | Harrodsburg Marketplace | 46 | |||||||||||||||||||||||||||||||||
47 | KeyBank | Village Park Apartments | 47 | |||||||||||||||||||||||||||||||||
48 | KeyBank | Anchor Industrial Park | 48 | |||||||||||||||||||||||||||||||||
49 | JPMCB | Hampton Inn Massillon | 69.5% | 85.65 | 59.53 | 71.0% | 94.12 | 66.83 | 70.5% | 100.18 | 70.63 | 70.5% | 102.00 | 71.93 | 70.5% | 102.00 | 71.93 | 49 | ||||||||||||||||||
50 | RAIT | Woodland Estates | 50 | |||||||||||||||||||||||||||||||||
51 | JPMCB | Rite Aid | 51 | |||||||||||||||||||||||||||||||||
52 | KeyBank | Trotwood Self Storage | 52 | |||||||||||||||||||||||||||||||||
53 | Barclays | East Dublin Center | 53 | |||||||||||||||||||||||||||||||||
54 | KeyBank | Storage Pros - Old Hickory | 54 |
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Footnotes to Annex A-1 | |
(1) | “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “Barclays” denotes Barclays Bank PLC, as Mortgage Loan Seller; “KeyBank” denotes KeyBank National Association, as Mortgage Loan Seller; “RAIT” denotes RAIT Funding, LLC, as Mortgage Loan Seller; “Column” denotes Column Financial, Inc., as Mortgage Loan Seller; and “GECC” denotes General Electric Capital Corporation, as Mortgage Loan Seller. With respect to Loan No. 1, Grapevine Mills, the mortgage loan was co-originated by JPMCB and Column. The mortgage loan is comprised of two pari passu components (Note A-3 and Note A-4), which are part of a split Whole Loan consisting of Note A-3, Note A-4 and four additional pari passu components. Note A-3, with an outstanding principal balance of $57,500,000 as of the Cut-off Date, will be sold to the trust by JPMCB. Note A-4, with an outstanding principal balance of $57,500,000 as of the Cut-off Date, will be sold to the trust by Column. All loan level metrics are based on the aggregate mortgage loan balance. With respect to Loan No. 11, Oakland Square and Oakland Plaza, the loan is a $35,000,000 mortgage loan which was co-originated by Barclays and RAIT. The mortgage loan is a split Whole Loan comprised of two pari passu components (Note A-1 and Note A-2). Note A-1, with an outstanding principal balance of $17,500,000 as of the Cut-off Date, will be sold to the trust by RAIT. Note A-2, with an outstanding principal balance of $17,500,000 as of the Cut-off Date, will be sold to the trust by Barclays. All loan level metrics are based on the aggregate mortgage loan balance. |
(2) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. For example, with respect to Loan No. 1, Grapevine Mills, the largest two tenants by square footage, Bass Pro Shops Outdoor and AMC Theaters, respectively, ground lease the land from the borrower. With respect to Loan No. 7, North Riverside Park Mall, the property is comprised of 1,075,445 square feet, of which 429,038 square feet serves as collateral. Carson Pirie Scott, JCPenney and Sears own their respective spaces comprising a total of 646,407 square feet and are subject to reciprocal easement agreements. With respect to Loan No. 11, Oakland Square and Oakland Plaza, anchor tenant Kohl’s and Chase Bank ground lease the land from the respective borrower. The ground lease payments serve as collateral for the mortgage loan. |
(3) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. With respect to Loan No. 1, Grapevine Mills, UW NOI ($) and UW NCF ($) includes $548,903 of revenue attributable to nine tenants totaling 17,048 square feet which have executed leases but are not yet in occupancy of their respective spaces, as well as $132,710 of revenue attributable to two tenants totaling 3,722 square feet with leases out for signature. With respect to Loan No. 2, The Mall of Victor Valley, UW NOI ($) and UW NCF ($) includes $613,198 of revenue attributable to five tenants which have executed leases but are not yet in occupancy of their respective spaces. In addition, the UW NOI ($) and UW NCF ($) includes approximately $310,000 of assistance payments from the city of Victorville. In 2012, the borrower entered into an agreement with the city of Victorville, pursuant to which, the borrower receives assistance payments from the city which equal the sales tax (currently 1.0%) at the mortgaged property for total sales in excess of $100.0 million. The agreement expires in 2039, and the maximum amount the borrower can receive over the term of the agreement is approximately $18.9 million. Total sales at the mortgaged property as of the TTM ended June 30, 2014 were approximately $131.0 million. With respect to Loan No. 4, 635 Madison Avenue, the 5th Largest Tenant, Suit Supply, pays the greater of (i) base rent of $2,000,000 or (ii) 15% of gross sales per annum. JPMCB has underwritten base rent of $212.95 per square foot which equates to the minimum base rent of $2,000,000. With respect to Loan No. 5, Hutch Tower Two, the largest and only tenant, Montefiore Medical Center, has executed a lease and taken occupancy but has not yet commenced paying rent. The tenant is expected to commence paying rent in October 2015. At origination of the mortgage loan, a reserve of $8,158,568 was |
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deposited into the Upfront Other Reserve for outstanding rent abatements associated with Montefiore Medical Center. UW Revenues ($), UW NOI ($) and UW NCF ($) are based on the straight-line average contractual rent of the sole tenant, Montefiore Medical Center. In addition, the related mortgaged property benefits from a 25-year Industrial and Commercial Incentive Program (“ICIP”) from the city of New York with a benefit start date of July 1, 2009. The ICIP provides that the building portion of the mortgaged property’s assessed value is 100% exempt for the first 16 years, with such benefit reducing annually by 10% through year 26, when the building is fully taxable. The mortgaged property’s 2014-2015 assessed value results in real estate taxes of $2,294,292, and after deducting the ICIP tax benefit of $2,193,208, results in a property tax expense of $101,084. With respect to Loan No. 7, North Riverside Park Mall, Occupancy % includes temporary tenants. Excluding temporary tenants, Occupancy % as of July 1, 2014 is 81.2%. With respect to Loan No. 11, Oakland Square and Oakland Plaza, Occupancy %, UW NOI ($) and UW NCF ($) include Michael’s, which has executed a lease but is not yet in occupancy of its space or paying rent. The lease states that if the lease has not commenced prior to October 2014, there will be no rent due until April 2015. The lender escrowed $209,753 in a free rent reserve relating to outstanding rent and reimbursement obligations during the free rent period under the Michael’s lease. | |
With respect to Loan No. 21, Peerless Lofts, the Occupancy % was calculated based on 97 apartment units. The collateral also includes eight commercial units consisting of 19,161 square feet, which are leased but not considered in the Occupancy % calculation. In addition, the related mortgaged property currently benefits from a tax abatement from the city of Providence, Rhode Island, pursuant to a stabilization tax treaty that expires in December 2015. Under such tax treaty, the borrower’s real estate taxes are limited to an annual payment of $33,407 or $344 per unit. Following the expiration of the tax abatement program, the borrower’s real estate taxes would revert to the actual taxes implied by the assessed value of the mortgaged property. The implied tax expense based on the 2013 assessed value for the mortgaged property, if the mortgaged property were unencumbered by the tax treaty, would be over $450,000. With respect to Loan No. 50, Woodland Estates, the Occupancy % was calculated based on month-to-month leases at the mortgaged property. | |
(4) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 5, Hutch Tower Two, the Appraised Value ($) represents the “Prospective Market Value As Complete and Physically Stabilized” for the mortgaged property, effective as of October 1, 2015, which assumed that the Montefiore Medical Center lease will commence on September 1, 2014, and rent will commence on October 1, 2015. At origination of the mortgage loan, the borrower reserved $8,158,568 representing in-place rent for the preceding eleven months leading up to October 1, 2015. The “as-is” appraised value for the mortgaged property is $106,000,000. With respect to Loan No. 17, Holiday Inn French Quarter-Chateau Lemoyne, the appraiser’s “as-is” value for the property, effective as of July 1, 2014, contained an extraordinary assumption that $7,775,000 in planned capital expenditures will be spent during the first year on capital improvements pursuant to a property improvement plan. At origination of the mortgage loan, the borrower was required to escrow $7,775,590, which is the full estimated amount of the property improvement plan. |
With respect to Loan No. 29, Skyview Plaza Shopping Center, the Appraised Value ($) represents the “Hypothetical Market Value Upon Stabilization” for the mortgaged property, effective as of August 18, 2014, which assumed certain capital expenditures will be performed and tenant allowances will be provided to Giant Eagle. At origination of the mortgage loan, the borrower paid $450,000 to Giant Eagle and reserved $169,150 to cover outstanding tenant improvement obligations for Giant Eagle. The “as-is” appraised value for the mortgaged property is $11,250,000. With respect to Loan No. 41, Westwood Square, the Appraised Value ($) represents the “Prospective Market Value Upon Completion” for the mortgaged property, effective as of May 1, 2015, which assumed completion of the necessary capital expenditures for the roof and parking lot areas estimated to be $400,000. At origination of the mortgage loan, the borrower deposited $454,499 in a reserve to cover outstanding capital improvements. The “as-is” appraised value for the mortgaged property is $6,875,000. |
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(5) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
(6) | With respect to Loan No. 1, Grapevine Mills, the mortgage loan is part of a $268,000,000 Whole Loan which is comprised of six pari passu components (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6). Note A-3 and Note A-4 each have an outstanding principal balance as of the Cut-off Date of $57,500,000 and are being contributed to the JPMBB 2014-C24 trust. Note A-1 and Note A-2 each have an outstanding principal balance as of the Cut-off Date of $40,000,000 and were contributed to the JPMBB 2014-C23 trust. JPMCB is the holder of Note A-5, while Column is the holder of Note A-6. Note A-5 and Note A-6 (collectively with Note A-1 and A-2, the “Grapevine Mills Pari Passu Companion Loans”) each have an outstanding principal balance as of the Cut-off Date of $36,500,000 and are expected to be contributed to one or more future securitized trusts. All loan level metrics are based on the Whole Loan balance. With respect to Loan No. 3, Columbus Square Portfolio, the mortgage loan is part of a $400,000,000 Whole Loan which is comprised of four pari passu components (Note A-1, Note A-2, Note A-3 and Note A-4). Note A-4 (collectively, the “Columbus Square Portfolio Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $96,250,000 and is being contributed to the JPMBB 2014-C24 trust. Note A-1, Note A-2 and Note A-3 (the “Columbus Square Portfolio Pari Passu Companion Loans”) have outstanding principal balances as of the Cut-off Date of $125,000,000, $103,750,000 and $75,000,000, respectively. Note A-1 was contributed to the WFRBS 2014-C22 trust, Note A-2 was contributed to JPMBB 2014-C23 trust and Note A-3 was contributed to the WFRBS 2014-C23 trust. All loan level metrics are based on the Whole Loan balance. With respect to Loan No. 6, 17 State Street, the mortgage loan is part of a $180,000,000 Whole Loan which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $75,000,000 and is being contributed to the JPMBB 2014-C24 trust. Note A-1 (the “17 State Street Pari Passu Companion Loan”) has an outstanding principal balance as of the Cut-off Date of $105,000,000 and was contributed to the JPMBB 2014-C23 trust. All loan level metrics are based on the Whole Loan balance. |
With respect to Loan No. 10, Hilton Houston Post Oak, the mortgage loan is part of an $80,000,000 Whole Loan which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 (the “Hilton Houston Post Oak Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $35,000,000 and is being contributed to the JPMBB 2014-C24 trust. Note A-1 (the “Hilton Houston Post Oak Pari Passu Companion Loan”) has an outstanding principal balance as of the Cut-off Date of $45,000,000 and is expected to be contributed to a future securitized trust. All loan level metrics are based on the Whole Loan balance. With respect to Loan No. 13, Canyon Ranch Portfolio, the mortgage loan is part of a $150,000,000 Whole Loan which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3). Note A-3 (the “Canyon Ranch Portfolio Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $30,000,000 and is being contributed to the JPMBB 2014-C24 trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $75,000,000 and was contributed to the COMM 2014-UBS5 trust. Note A-2 (collectively with Note A-1, the “Canyon Ranch Portfolio Pari Passu Companion Loan”) has an outstanding principal balance as of the Cut-off Date of $45,000,000 and was contributed to the JPMBB 2014-C23 trust. All loan level metrics are based on the Whole Loan balance. With respect to Loan No. 14, Embassy Suites Kennesaw, the mortgage loan is part of a $34,500,000 Whole Loan which is comprised of one senior component (the “Embassy Suites Kennesaw Mortgage Loan”) and a subordinate component (the “ESK Companion Loan”). The Embassy Suites Kennesaw Mortgage Loan has an outstanding principal balance as of the Cut-off Date of $29,500,000 and is being contributed to the JPMBB 2014-C24 trust. The ESK Companion Loan has an outstanding principal balance as of the Cut-off Date of $5,000,000 and is also being contributed to the JPMBB 2014-C24 trust. Payments of interest and principal, as applicable, received in respect of the ESK Companion Loan will only be available to make distributions in respect of the Class ESK Certificates. All loan level metrics are based on the Embassy Suites Kennesaw Mortgage Loan only and exclude the ESK Companion Loan. | |
(7) | Each number identifies a group of related borrowers. |
A-1-15
(8) | For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Certificate Administrator Fee Rate (including the Trustee fee rate), the Senior Trust Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). With respect to Loan No. 4, 635 Madison Avenue, the Interest Rate is 4.479167% when extended to full precision. With respect to Loan No.14, Embassy Suites Kennesaw, the Interest Rate is 5.498042372881360% when extended to full precision. |
(9) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
(10) | With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12. With respect to Loan No. 14, Embassy Suites Kennesaw, the mortgage loan amortizes on the principal payment schedule provided in Annex F of the Free Writing Prospectus. As such, the Cut-off Date Balance ($), Maturity/ARD Balance ($), Monthly Debt Service ($), UW NOI DSCR, and UW NCF DSCR all reflect this principal payment schedule and a fixed interest rate of 5.498042372881360%. The amount of monthly debt service shown in this Annex A-1 was calculated using the average of principal and interest payments over the 12 months following the I/O Period of the related mortgage loan. |
(11) | With respect to Loan No. 17, Holiday Inn French Quarter-Chateau Lemoyne, the mortgage loan has an ARD feature with an anticipated repayment date of October 1, 2024. From and after the anticipated repayment date, the interest rate will increase to the greater of (i) 7.50000% per annum, or (ii) the 10-year swap yield on October 1, 2024 plus 3.00000% per annum, until the final maturity date of November 1, 2044. In no event will the interest rate increase to greater than 9.50000%. With respect to Loan No. 32, Tractor Supply/Fresenius Medical, if the mortgage loan is not paid in full by the anticipated repayment date of October 1, 2019, the outstanding principal balance will accrue interest on and after that date, until the final maturity date of October 1, 2024 at an increased interest rate equal to 3.00000% per annum plus the greater of (i) 4.61000% per annum, or (ii) the five-year swap yield as determined on the anticipated repayment date. With respect to Loan No. 39, Academy Sports - Garland, TX, the mortgage loan has an ARD feature with an anticipated repayment date of October 1, 2024. From and after the anticipated repayment date, the interest rate will increase to the greater of (i) 7.41500% per annum, or (ii) the 10-year swap yield on October 2, 2024 plus 3.00000% per annum, until the final maturity date of January 1, 2029. In no event will the interest rate increase to greater than 9.41500%. With respect to Loan No. 42, Dollar General Portfolio, if the mortgage loan is not paid in full by the anticipated repayment date of July 1, 2021, the outstanding principal balance will accrue interest on and after that date until the final maturity date of July 1, 2044 at an increased interest rate equal to 3.00000% per annum plus the greater of (i) 4.9500% per annum or (ii) the seven-year swap yield as determined on the anticipated repayment date. |
(12) | The “L” component of the prepayment provision represents lockout payments. The “Def” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” component of the prepayment provision represents the free payments including the Maturity Date. With respect to Loan No. 1, Grapevine Mills, the lockout period is the earlier of November 1, 2018 or two years after the last securitization of a Grapevine Mills Pari Passu Companion Loan. The prepayment string reflects a lockout period ending two years after the anticipated Closing Date. |
(13) | With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed and/or acquired. With respect to Loan Nos. 5, 8, 12, 32, 39 and 42, Hutch Tower Two, NoBu Station, Arden Park, Tractor Supply/Fresenius Medical, Academy Sports – Garland, TX and Dollar General Portfolio, respectively, the related mortgaged properties are newly constructed and historical financials are not available. |
A-1-16
With respect to Loan No. 13, Canyon Ranch Portfolio, Occupancy, RevPar, and ADR are based on the 471 available guest nights. With respect to Loan No. 15, Motorola Solutions – Building I & III, historical financials are not available due to the loan sponsor acquiring the mortgaged property through a sale-leaseback from Motorola Solutions, Inc. in October 2013. With respect to Loan No. 18, Watermark Hurstbourne Apartments, the Most Recent NOI is ten months ended April 30, 2014 annualized. With respect to Loan No. 35, Northridge Business Center, the most recent figures are for the five months ended May 31, 2014 annualized. With respect to Loan No. 45, 740 Kifer Road, 2013 figures are for the eight months ended December 31, 2013 annualized. | |
(14) | With respect to all hotel properties, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same. |
(15) | The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan. With respect to Loan No. 5, Hutch Tower Two, UW NOI DSCR ($) and UW NCF DSCR ($) are based on the straight-line average contractual rent over the loan term of the sole tenant, Montefiore Medical Center. |
(16) | With respect to Loan No. 25, Westin Columbus, a portion of the mortgaged property which consists of parking is subject to a ground lease. With respect to Loan No. 49, Hampton Inn Massillon, the collateral consists of two subleases of the original ground lease. |
(17) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents. With respect to Loan No. 17, Holiday Inn French Quarter-Chateau Lemoyne, the related borrower was required to deposit $7,775,590 in the Initial Capex Reserve to pay for the property improvement plan required by the franchise agreement. With respect to Loan No. 29, Skyview Plaza Shopping Center, the borrower was required to deposit (i) $100,000 for lighting replacement and repairs required in connection with the Giant Eagle premises and (ii) $69,150 for repair, sealing and striping of the rear parking area designated for use by Giant Eagle, into the Upfront Other Reserve. Should the estimate of the cost to complete the lighting replacements and repairs exceed $100,000, then upon the lender’s written request, the borrower will immediately pay a sum equal to 115% of the amount of such estimate, less the $100,000 original Giant Eagle lighting repair deposit. |
(18) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents. With respect to Loan No. 5, Hutch Tower Two, Monthly Insurance Reserve deposit will be $171 and approximately $2,054 was deposited at origination of the mortgage loan for flood insurance. The requirement for the borrower to make monthly deposits into the Insurance Escrow, except for flood insurance, is waived so long as, among other things, no event of default exists and the borrower provides satisfactory evidence the mortgaged property is insured as part of a blanket policy in accordance with the loan documents. With respect to Loan No. 9, Meridian Corporate Center I, in the event that the balance of the replacement reserve is less than $162,500, the borrower will make monthly deposits into the replacement reserve in the amount of $4,001, capped at $325,000. In addition, in the event that the rollover reserve balance is less than $500,000, the borrower will make monthly deposits into the rollover reserve in the amount of $26,679, capped at $1,375,000. |
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With respect to Loan No. 10, Hilton Houston Post Oak, in addition to the regular deposits into the Monthly Capex Reserve, the borrower is also required to deposit a monthly amount reasonably estimated by the lender monthly to complete any work required by the property improvement plan under the franchise agreement. The monthly deposits for the property improvement plan will be waived to the extent the borrower provides evidence of compliance with any property improvement plan requirements. Regular deposits to the Monthly Capex Reserve will be waived to the extent the borrower delivers a letter of credit in the following amount: (i) prior to the end of the 2015 fiscal year, $3,750,000 and (ii) at any time after the end of 2015 fiscal year, 12.0% of gross income from operations for the immediately preceding fiscal year. With respect to Loan No. 13, Canyon Ranch Portfolio, the borrower is required to make monthly deposits of 4.0% of monthly gross revenues for the preceding month into the FF&E Reserve account. With respect to Loan No. 15, Motorola Solutions – Building I & III, Monthly TI/LC Reserve deposit will be (a) $13,459 in the event that and during the continuance of the period Motorola Solutions, Inc.’s senior unsecured corporate credit rating falls below “BB+”, (b) $26,919 in the event that and during the continuance of the period Motorola Solutions, Inc.’s senior unsecured corporate credit rating falls below “B+”. All excess cash flow shall be deposited in the excess cash flow reserve and held as additional security for the mortgage loan upon the occurrence of (i) the date Motorola Solutions, Inc.’s senior unsecured credit rating falls below “B”, (ii) the date Motorola Solutions, Inc. ceases doing business at or vacates the mortgaged property, or (iii) the date that is 36 months prior to the maturity date. | |
With respect to Loan No. 17, Holiday Inn French Quarter-Chateau Lemoyne, deposits to the Monthly Capex Reserve will be required commencing in 2019, if, based on the prior year’s capital expenditure report, the ratio of (i) the amounts expended (or escrowed with the manager) for replacements to (ii) gross income from operations for such year, is less than 4.0%. With respect to Loan No. 18, Watermark Hurstbourne Apartments, upon the earliest to occur (i) event of default or (ii) the debt service coverage ratio is less than 1.15x for two consecutive quarters, the borrower will be make monthly deposits into the real estate tax and insurance reserves and $5,693 into the replacement reserve. With respect to Loan No. 19, Meridian Corporate Center II, in the event that the balance of the replacement reserve is less than $150,000, the borrower will make monthly deposits into the replacement reserve in the amount of $4,928, capped at $300,000. In addition, in the event that the rollover reserve balance is less than $250,000, the borrower will make monthly deposits into the rollover reserve in the amount of $24,639, capped at $625,000. With respect to Loan No. 20, 2100 Wharton Street, the borrower deposited $1,049,464 into the TI/LC reserve at origination of the mortgage loan. If the balance of this reserve is less than $375,000 or an event of default has occurred and is continuing, the borrower will be required to make monthly deposits of $18,794 until the balance is again equal to or greater than $750,000. | |
With respect to Loan No. 22, Glenbrook Commons, all excess cash will be swept into the rollover reserve upon either Toys R Us, Dunham’s Athleisure or Burlington Coat Factory (i) terminating their respective lease, (ii) giving notice of their intent not to renew their respective lease or failing to renew before the deadline pursuant to their respective lease, (iii) filing for bankruptcy, reorganization or other arrangement pursuant to federal bankruptcy law or any similar federal or state law or (iv) failing to be open and operating for business other than for temporary closures. With respect to Loan No. 23, 1690 New Britain Avenue, in the event that the replacement reserve balance is less than $50,000, the borrower will make monthly deposits into the replacement reserve in the amount of $2,479, capped at $350,000. In addition, in the event that the rollover reserve balance is less than $500,000, the borrower will make monthly deposits into the rollover reserve in the amount of $27,957, capped at $900,000. With respect to Loan No. 26, Meriden Executive Park, in the event that the replacement reserve balance is less than $50,000, the borrower will make monthly deposits into the replacement reserve in the amount of $2,291, capped at $50,000. In addition, in the event that the rollover reserve balance is less than $400,000, the borrower will make monthly deposits into the rollover reserve in the amount of $19,091, capped at $800,000. With respect to Loan No. 28, Churchill Square Shopping Center, in the event that the replacement reserve balance is less than $27,811, the borrower will make monthly deposits into the replacement reserve in the amount of $1,700, capped at $27,811. In addition, in the event that the rollover reserve balance is less than $92,704, the borrower will make monthly deposits into the rollover reserve in the amount of $3,863, capped at $92,704. |
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With respect to Loan No. 31, Wauwatosa Industrial, Monthly TI/LC Reserve will be $2,051, provided, however, that in the event that and during the continuance of the period that Brenntag Great Lakes, LLC’s senior unsecured corporate credit rating falls below “B+”, the borrower will pay monthly deposits of $4,102. With respect to Loan No. 32, Tractor Supply/Fresenius Medical, to the extent that Tractor Supply or Fresenius Medical Care is in occupancy and open to the public for business, the requirement for the borrower to make monthly deposits into the TI/LC reserve is waived. | |
With respect to Loan No. 32, Tractor Supply/Fresenius Medical, the borrower will not be required to make monthly deposits into the tax and insurance reserves as long as: (i) with respect to the monthly tax deposit, each lease at the respective property requires the applicable tenant, Tractor Supply and Fresenius Medical Care (the “Specified Tenant”), to make payments of taxes directly to the applicable government authority, (ii) with respect to the monthly insurance deposit, the Specified Tenant maintains a qualifying policy in amounts and coverages which satisfy the lender’s requirements, and (iii) the Specified Tenant maintains an investment grade rating. Notwithstanding the foregoing, the borrower will not be required to make monthly deposits into the insurance reserve as set forth above, provided that, (i) no event of default has occurred and is continuing, (ii) the policies maintained by the borrower are part of a blanket policy, (iii) the premiums for all locations covered under the blanket policy are not financed or paid in installments, (iv) the premium is paid for all locations covered under such policy for at least a twelve-month policy period and (v) the borrower provides paid receipts evidencing such payment. With respect to Loan No. 33, Bennington Square Apartments, the borrower deposited $150,000 into the replacement reserve at origination of the mortgage loan. If the balance of this reserve is less than $78,250, the borrower will be required to make monthly deposits of $6,521 until the balance is again equal to or greater than $78,250. | |
With respect to Loan No. 34, Racine Center, if the lender approves the borrower’s new improvements plans, which consist of construction of a self-storage facility located on vacant land behind the current improvements and/or a restaurant to be located on certain other vacant land on the mortgaged property, the borrower will be required to deposit 125% of the total unpaid costs into a new improvements reserve. In addition, the borrower deposited $250,000 into a parking easement reserve at origination of the mortgage loan to ensure that funds are available if the borrower is required to make certain contribution payments to the costs of maintaining and renovating a parking area shared with the adjacent property owner and encumbered by a certain parking easement. If at any time the cost of the parking lot renovation is estimated to exceed $1.0 million, the borrower is required to deposit into the parking easement reserve an amount equal to 25% of the amount by which the estimated cost of the parking lot renovation exceeds $1.0 million. With respect to Loan No. 36, Hyatt Place – Nashville, Monthly Capex Reserve will be 1/12th of 4% of the greater of the (i) total gross income from operations for the immediately preceding calendar year and (ii) total projected gross income from operations set forth in the approved annual budget for the immediately following calendar year. With respect to Loan No. 38, Wichita Square, if the net sales proceeds for the release of surplus land, as described in the loan documents, are more than $100,000, the borrower will be required to deposit such net sale proceeds into the TI/LC Reserve account. | |
With respect to Loan No. 39, Academy Sports – Garland, TX, the Monthly RE Tax Reserve and Monthly Ins. Reserve are waived provided that, among other things (i) the sole tenant at the mortgaged property, Academy Sports, is required to pay the taxes directly to the appropriate public office, (ii) the tenant’s lease remains in full force and effect, (iii) the borrower provides the lender with satisfactory evidence that taxes have been paid and the mortgaged property is insured in accordance with the mortgage loan documents, and (iv) the tenant is required to maintain insurance coverage under its lease consistent with the requirements set forth in the mortgage loan documents. With respect to Loan No. 42, Dollar General Portfolio, so long as Dollar General maintains an investment grade rating, the borrower is not required to make the monthly capital expenditure reserve deposit of $453. In addition, so long as (i) Dollar General maintains an investment grade rating, (ii) no “trigger period” is then in effect, as described in the loan documents, and (iii) no event of default under the mortgage loan is then continuing, the borrower is not required to make the monthly insurance reserve deposit. With respect to Loan No. 49, Hampton Inn Massillon, in addition to the regular deposits into the Monthly Capex Reserve, the borrower is also required to deposit an amount reasonably estimated by the lender monthly to complete any work required by any property improvement plan under a franchise agreement. |
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With respect to Loan No. 51, Rite Aid, the Monthly RE Tax Reserve and Monthly Ins. Reserve are waived provided that, among other things (i) the sole tenant at the mortgaged property, Rite Aid, occupies one or more parcels which constitute a separate tax lot and is required to pay the taxes directly to the appropriate public office, (ii) the tenant’s lease remains in full force and effect, (iii) the borrower provides the lender with satisfactory evidence that taxes have been paid and the mortgaged property is insured in accordance with the mortgage loan documents, and (iv) the tenant is required to maintain insurance coverage pursuant to the lease. | |
(19) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 15, Motorola Solutions – Building I & III, upon the occurrence of a cash sweep event caused solely by the occurrence of the date Motorola Solutions, Inc. ceases business operations at the mortgaged property, goes dark, vacates or abandons the mortgaged property, all excess cash flow will be deposited with the lender in the excess cash flow reserve and the aggregate deposit amount of the rollover reserve and excess cash flow reserve will be capped at $5,168,400. With respect to Loan No. 31, Wauwatosa Industrial, upon the occurrence of a cash sweep event caused solely by the occurrence of the date Brenntag Great Lakes, LLC ceases business operations at the mortgaged property, goes dark, vacates or abandons the mortgaged property or the date that is twelve months prior to the then applicable expiration date of the Brenntag Great Lakes, LLC lease, unless prior to such date the borrower has satisfied the requirements of the cure of a Brenntag Great Lakes, LLC lease expiration trigger event as disclosed in the loan documents, all excess cash flow will be deposited with the lender in the major tenant rollover reserve and the aggregate deposit amount of the rollover reserve and the major tenant rollover reserve will be capped at $850,000. With respect to Loan No. 37, The Carrier Building, upon the occurrence of a major tenant trigger period caused solely by the occurrence of the date Carrier Enterprises, LLC ceases business operations at the property, goes dark, vacates or abandons the property or the occurrence of the date that is twelve months prior to the then applicable expiration date of the Carrier Enterprises, LLC lease unless, prior to such date the borrower has satisfied the requirements of the cure of a Carrier Enterprises, LLC lease expiration trigger event as disclosed in the loan documents, all excess cash flow will be deposited with the lender in the major tenant TI/LC Reserve and the aggregate deposit amount of the rollover reserve and the major tenant rollover reserve will be capped at $500,000. |
(20) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property. With respect to Loan No. 38, Wichita Square, the 4th Largest Tenant, Chick-fil-A, is subject to a ground lease with the borrower. |
(21) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates. With respect to Loan No. 4, 635 Madison Avenue, the Largest Tenant, Reproductive Medical Associates consists of two tenants, Hayden Properties L.L.C. (11,277 square feet) and Gilbert Properties L.L.C. (14,502 square feet), both of which are guaranteed by the same individuals. With respect to Loan No. 20, 2100 Wharton Street, the 2nd Largest Tenant, County of Allegheny – Aging, occupies 34,423 square feet, and the 4th Largest Tenant, County of Allegheny – Youth, occupies 17,723 square feet. |
(22) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 3, Columbus Square Portfolio, the 3rd Largest Tenant, the Mandell School, may terminate its lease by providing four months’ prior notice and payment of a termination fee in an amount equal to three years of rent payments. |
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With respect to Loan No. 6, 17 State Street, the 2nd Largest Tenant by square footage, Speechworks, has subleased its space to IP Soft. With respect to Loan No. 9, Meridian Corporate Center I, the Largest Tenant, Parexel, has a one-time right to terminate its lease with respect to 24,636 square feet of its total leased area of 92,029 square feet effective August 31, 2020 by delivering notice no later than March 1, 2020. In addition, the 2nd Largest Tenant, Health Decisions, subleases 44,009 square feet to BASF Corporation. In addition, Health Decisions has a one-time right to terminate their lease effective June 30, 2016 by delivering notice no later than June 30, 2015. With respect to Loan No. 11, Oakland Square and Oakland Plaza, the 2nd Largest Tenant at the Oakland Square property, Jubilee Limited Partnership (d/b/a DSW) has sublet about half of its space to TJ Maxx companies. DSW continues to pay rent on the full amount due on the entire space that they originally leased in the amount of 50,500 square feet under the terms of their lease agreement. With respect to Loan No. 19, Meridian Corporate Center II, the 3rd Largest Tenant, Spoonflower Inc., may terminate its lease on April 30, 2016 by giving 12 months’ notice. The lender underwrote Spoonflower Inc.’s expiration date as April 30, 2016. With respect to Loan No. 20, 2100 Wharton Street, the 2nd Largest Tenant, County of Allegheny – Aging, and the 4th Largest Tenant, County of Allegheny – Youth each have the right to terminate its respective lease. With respect to County of Allegheny – Aging lease, the tenant has the right to terminate its lease in the event the tenant loses its appropriation program funding upon prior written notice either (i) 270 days prior to the early termination date if the tenant terminates the lease for one-half of the premises or more or (ii) 180 days prior to the early termination date if the tenant terminates the lease for less than one-half of the premises. With respect to the County of Allegheny – Youth lease, the tenant has the right to terminate its lease on the last day of the 72nd month, 84th month, 108th month, 120th month or the 132nd month upon six months’ prior written notice. With respect to Loan No. 26, Meriden Executive Park, the 5th Largest Tenant, FBI (GSA), may terminate its lease in whole or in part by giving at least 90 days’ notice. With respect to Loan No. 29, Skyview Plaza Shopping Center, the 3rd Largest Tenant by square footage, Sears Retail Dealer Store, has the right to terminate its lease with 60 days’ notice, which must be received within 20 days’ of relocation notice, if unwilling to be relocated within the center. The 4th Largest Tenant by square footage, Radio Shack, has the right to terminate its lease with 60 days’ notice, if unwilling to be relocated within the center. | |
With respect to Loan No. 35, Northridge Business Center, the Largest Tenant, RTS Leasing, may terminate its lease, effective 90 days after notice is given, if laws are passed or there are court rulings that prevent the tenant from operating its business over the internet and tenant gives notice between May 1, 2016 and August 31, 2017. With respect to Loan No. 46, Harrodsburg Marketplace, the 2nd Largest Tenant by square footage, Hibbett Sporting Goods, has the right to terminate its lease if gross sales do no exceed $625,000 during the 3rd full lease year or $750,000 during the 6th full lease year. The 3rd Largest Tenant by square footage, Cato, has the right to terminate its lease with twelve months’ notice. | |
(23) | In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes. With respect to Loan No. 1, Grapevine Mills, there is no Carveout Guarantor, and the borrower is the sole party responsible for any violations or breaches of the non-recourse carveout provisions in the mortgage loan documents. |
(24) | The classification of the lockbox types is described in the Free Writing Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details. |
(25) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Existing Mezzanine Debt,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the free writing prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 4, 635 Madison Avenue, at the mortgage loan origination, JPMCB provided a $35,000,000 mezzanine loan, which is ultimately secured by a 100% pledge of the direct or equity interest in the |
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related borrower. See “Description of the Mortgage Loans – Additional Debt” and Annex A-3 in the Free Writing Prospectus. With respect to Loan No. 6, 17 State Street, at the mortgage loan origination, RREEF Spezial Invest GmbH provided a $40,000,000 mezzanine loan, which is ultimately secured by a 100% pledge of the direct or equity interest in the related borrower. This mezzanine loan has been cross-defaulted with certain other subordinate financing. See “Description of the Mortgage Loans – Additional Debt” and Annex A-3 in the Free Writing Prospectus. |
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