FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-207361-05 | ||
The Information contained herein (the “Information”) is preliminary and subject to change. The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series CSAIL 2017-C8 (the “Offering Document”). The Information supersedes any such information previously delivered. The Information should be reviewed only in conjunction with the entire Offering Document. All of the Information is subject to the same limitations and qualifications contained in the Offering Document. The Information does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The Information contained herein will be more fully described elsewhere in the Offering Document. The Information should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. The privately offered securities described in the Offering Document as to which the Information relates have not been and will not be registered under the United States Securities Act of 1933, as amended. This material should be not construed as an effort to sell or the solicitation of any offer to buy any security in any jurisdiction where such offer of solicitation could be illegal.
For investors in publicly offered securities as to which the Information relates: The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-207361) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or the underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-221-1037.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the Certificates referred to herein in making their investment decision.
The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the 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 prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system.
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CSAIL 2017-C8 | |||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | |||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Credit Assessed (Moody’s/Fitch/DBRS/ KBRA)(2) | Original Balance(3) | Cut-off Date Balance(3)(4) | Maturity/ARD Balance(3) | Cut-off Date Balance per SF/ Units/Rooms/Pads(3) | Loan Purpose | Sponsor | Non-Recourse Carveout Guarantor |
1 | Loan | 85 Broad Street | NR/BBB-/AA(low)/BBB+ | $90,000,000 | $90,000,000 | $90,000,000 | $151 | Acquisition | ICR US LP | ICR US LP | |
2 | Loan | 245 Park Avenue | NR/BBB-/NR/BBB | $80,000,000 | $80,000,000 | $80,000,000 | $626 | Acquisition | HNA Group | 181 West Madison Holding LLC | |
3 | Loan | Apple Sunnyvale | Baa3/BBB-/A/ BBB- | $70,350,000 | $70,350,000 | $70,350,000 | $298 | Acquisition | David Edelstein | David Edelstein | |
4 | Loan | Ritz Carlton Rancho Mirage | $54,000,000 | $54,000,000 | $54,000,000 | $221,311 | Refinance | Kam Sang Co., Inc.; Ronnie Lam | Kam Sang Co., Inc.; Ronnie Lam | ||
5 | Loan | Hotel Eastlund | $41,000,000 | $41,000,000 | $35,462,699 | $244,048 | Refinance | Alan Battersby; Craig Schafer; Desmond Mollendor | Alan Battersby; Craig Schafer; Desmond Mollendor | ||
6 | Loan | Urban Union Amazon | A2/AA/AAA/AA- | $38,231,428 | $38,231,428 | $38,231,428 | $210 | Acquisition | Aby Rosen; Michael Fuchs; David Edelstein | Aby Rosen; Michael Fuchs; David Edelstein | |
7 | (29) | Loan | Broadway Portfolio | $38,000,000 | $38,000,000 | $38,000,000 | $749 | Refinance | Raizada S. Vaid | Raizada S. Vaid | |
7.01 | Property | 1214-1216 Broadway | $25,446,880 | $25,446,880 | $25,446,880 | $749 | |||||
7.02 | Property | 1204 Broadway | $11,485,553 | $11,485,553 | $11,485,553 | $749 | |||||
7.03 | Property | 1212 Broadway | $1,067,567 | $1,067,567 | $1,067,567 | $749 | |||||
8 | Loan | St. Luke’s Office | $34,000,000 | $34,000,000 | $28,446,056 | $90 | Refinance | Erik Kolar; Alan Werther; Michael Kolar; Geoffrey Gardner | Erik Kolar; Alan Werther; Michael Kolar; Geoffrey Gardner | ||
9 | Loan | Northridge Plaza | $32,500,000 | $32,500,000 | $27,980,696 | $155 | Refinance | Alan C. Fox | Alan C. Fox | ||
10 | Loan | 449 South Broadway | $31,750,000 | $31,750,000 | $31,750,000 | $360,795 | Refinance | Michael Fallas; The Michael Fallas Living Trust | Michael Fallas; The Michael Fallas Living Trust | ||
11 | Loan | Columbus Office Portfolio I | $30,000,000 | $30,000,000 | $26,059,695 | $70 | Acquisition | Raymond Massa | Raymond Massa | ||
11.01 | Property | Atrium II | $14,120,370 | $14,120,370 | $12,265,752 | $70 | |||||
11.02 | Property | Blazer I & II | $7,824,074 | $7,824,074 | $6,796,433 | $70 | |||||
11.03 | Property | 5515 Parkcenter | $5,324,074 | $5,324,074 | $4,624,792 | $70 | |||||
11.04 | Property | 5555 Parkcenter | $2,731,481 | $2,731,481 | $2,372,719 | $70 | |||||
12 | Loan | 71 Fifth Ave | A1/NR/AAA/BBB+ | $25,000,000 | $25,000,000 | $25,000,000 | $155 | Refinance | 71 Fifth, LLC | 71 Fifth, LLC | |
13 | (30) | Loan | Acropolis Garden | Aaa/NR/NR/AAA | $20,000,000 | $20,000,000 | $20,000,000 | $72,816 | Refinance | Acropolis Gardens Realty Corp. | Acropolis Gardens Realty Corp. |
14 | Loan | Alexandria Corporate Park | $20,000,000 | $20,000,000 | $16,910,494 | $133 | Refinance | Evan Gentry | Evan Gentry | ||
15 | Loan | Shoppes at Harmon Square | $18,100,000 | $18,100,000 | $14,928,760 | $583 | Refinance | Eli Applebaum, Gerald Barad | Eli Applebaum, Gerald Barad | ||
16 | Loan | Garden Multifamily Portfolio | $18,000,000 | $18,000,000 | $14,802,941 | $48,238 | Refinance | Alfons Melohn | Alfons Melohn | ||
16.01 | Property | Carleton | $1,940,870 | $1,940,870 | $1,596,143 | $48,238 | |||||
16.02 | Property | River Glen | $1,875,130 | $1,875,130 | $1,542,080 | $48,238 | |||||
16.03 | Property | Tabor Ridge | $1,502,609 | $1,502,609 | $1,235,724 | $48,238 | |||||
16.04 | Property | Ridgewood | $1,471,304 | $1,471,304 | $1,209,980 | $48,238 | |||||
16.05 | Property | Foxhaven | $1,242,783 | $1,242,783 | $1,022,047 | $48,238 | |||||
16.06 | Property | Hayfield | $1,239,652 | $1,239,652 | $1,019,472 | $48,238 | |||||
16.07 | Property | Laurel | $1,095,652 | $1,095,652 | $901,049 | $48,238 | |||||
16.08 | Property | Wood Trail | $1,080,000 | $1,080,000 | $888,176 | $48,238 | |||||
16.09 | Property | Camellia | $1,025,217 | $1,025,217 | $843,124 | $48,238 | |||||
16.10 | Property | Ashgrove | $954,783 | $954,783 | $785,199 | $48,238 | |||||
16.11 | Property | Slate Run | $943,826 | $943,826 | $776,189 | $48,238 | |||||
16.12 | Property | Forsythia | $939,130 | $939,130 | $772,327 | $48,238 | |||||
16.13 | Property | Beckford | $923,478 | $923,478 | $759,455 | $48,238 | |||||
16.14 | Property | Meadowood | $920,348 | $920,348 | $756,881 | $48,238 | |||||
16.15 | Property | Elmwood | $845,217 | $845,217 | $695,095 | $48,238 | |||||
17 | Loan | Hilton Garden Inn - Fort Washington | $16,660,000 | $16,660,000 | $13,506,950 | $114,110 | Acquisition | Andrew Winn; Prakash Rajamani; Tejal Desai; Walter Levy | Andrew Winn; Prakash Rajamani; Tejal Desai; Walter Levy | ||
18 | Loan | East Coast Triple Net Portfolio | $16,400,000 | $16,400,000 | $14,155,959 | $119 | Refinance | Richard Kassis | Richard Kassis | ||
18.01 | Property | BJ’s Wholesale Club | $11,745,946 | $11,745,946 | $10,138,727 | $119 | |||||
18.02 | Property | CVS Centerville | $3,900,541 | $3,900,541 | $3,366,823 | $119 | |||||
18.03 | Property | NAPA Auto | $753,514 | $753,514 | $650,409 | $119 | |||||
19 | Loan | 260-300 Boston Post Road | $15,750,000 | $15,750,000 | $15,750,000 | $265 | Refinance | Joseph Simone | Joseph Simone | ||
20 | Loan | Livingston Town Center | $14,875,000 | $14,875,000 | $13,577,734 | $229 | Acquisition | John M. Azarian | John M. Azarian | ||
21 | Loan | 1 Forest Parkway | $13,230,000 | $13,230,000 | $11,654,185 | $168 | Refinance | Itzhak Levi; David Fine | Itzhak Levi; David Fine | ||
22 | Loan | Walmart Shopping Center Moultrie | $13,000,000 | $12,961,800 | $10,887,182 | $66 | Refinance | Thomas J. Cannon | Thomas J. Cannon | ||
23 | Loan | Valley View I | $12,375,000 | $12,305,605 | $10,263,987 | $97 | Refinance | Terrall C. York | Terrall C. York | ||
24 | Loan | Chamblee Heights | $11,750,000 | $11,722,381 | $9,606,075 | $68,955 | Refinance | Gideon D. Levy | Gideon D. Levy | ||
25 | Loan | Marble Hall Gardens | $11,500,000 | $11,500,000 | $9,463,602 | $55,128 | Acquisition | Harmonia Hopkins LLC; Harmonia Capital USA, Inc.; Tong Gao | Harmonia Hopkins LLC; Harmonia Capital USA, Inc.; Tong Gao | ||
26 | Loan | Plaza 7-21 | $9,250,000 | $9,250,000 | $8,006,372 | $133 | Refinance | The Kissel Company, Inc.; Steven F. Dahlberg | The Kissel Company, Inc.; Steven F. Dahlberg | ||
27 | Loan | Austin Multifamily Portfolio | $6,775,000 | $6,775,000 | $5,977,080 | $81,627 | Acquisition | Brandon Cooper | Brandon Cooper | ||
27.01 | Property | Miller Square Apartments | $4,505,783 | $4,505,783 | $3,975,118 | $81,627 | |||||
27.02 | Property | 305 West Place | $2,269,217 | $2,269,217 | $2,001,962 | $81,627 | |||||
28 | Loan | Bell Plaza Professional Building | $6,600,000 | $6,567,261 | $5,579,236 | $67 | Refinance | Randy M. Hansen, Gregory Herzner | Randy M. Hansen, Gregory Herzner | ||
29 | Loan | La Quinta Inns & Suites Tampa | $6,150,000 | $6,150,000 | $4,322,103 | $73,214 | Refinance | Darshit V. Patel | Darshit V. Patel | ||
30 | Loan | Walgreens - WY and MO | $5,950,000 | $5,950,000 | $5,950,000 | $201 | Acquisition | Leonard Zigelbaum, Marc Ravner | Leonard Zigelbaum, Marc Ravner | ||
30.01 | Property | Walgreens - WY | $3,133,245 | $3,133,245 | $3,133,245 | $201 | |||||
30.02 | Property | Walgreens - MO | $2,816,755 | $2,816,755 | $2,816,755 | $201 | |||||
31 | Loan | Stevens I and II | $5,050,000 | $5,027,089 | $4,197,421 | $134 | Refinance | Michael Cayce Hand, Jeffrey Clifford Dunman | Michael Cayce Hand, Jeffrey Clifford Dunman | ||
32 | Loan | Audubon Village | $5,000,000 | $5,000,000 | $4,079,452 | $36,765 | Refinance | Andrew A. Schwarz | Andrew A. Schwarz |
CSAIL 2017-C8 | ||||||||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||
MORTGAGED PROPERTY CHARACTERISTICS | ||||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | No. of Properties | General Property Type | Detailed Property Type | Title Type(5)(6) | Ground Lease Initial Lease Expiration Date(5) | Address | City | County | State | Zip Code | Year Built | Year Renovated | Net Rentable Area SF/Units/Acres/ Rooms/Pads(7) | Units of Measure | Occupancy Rate(7)(8) | Occupancy Rate As-of Date | Appraised Value(9) | Appraisal As-of Date | |
1 | Loan | 85 Broad Street | 1 | Office | CBD | Fee | NAP | 85 Broad Street | New York | New York | NY | 10004 | 1983 | 2015 | 1,118,512 | Square Feet | 87.1% | 4/19/2017 | $652,000,000 | 4/30/2017 | ||
2 | Loan | 245 Park Avenue | 1 | Office | CBD | Fee | NAP | 245 Park Avenue | New York | New York | NY | 10167 | 1965 | 2006 | 1,723,993 | Square Feet | 90.7% | 2/28/2017 | $2,210,000,000 | 4/1/2017 | ||
3 | Loan | Apple Sunnyvale | 1 | Office | Suburban | Fee | NAP | 410, 420, and 430 North Mary Avenue | Sunnyvale | Santa Clara | CA | 94085 | 1989 | 2016 | 349,758 | Square Feet | 100.0% | 6/6/2017 | $292,000,000 | 1/13/2017 | ||
4 | Loan | Ritz Carlton Rancho Mirage | 1 | Hotel | Full Service | Fee | NAP | 68900 Frank Sinatra Drive | Rancho Mirage | Riverside | CA | 92270 | 1988 | 2013-2014 | 244 | Rooms | 75.3% | 4/30/2017 | $92,800,000 | 1/31/2017 | ||
5 | Loan | Hotel Eastlund | 1 | Hotel | Full Service | Fee | NAP | 1021 Northeast Grand Avenue | Portland | Multnomah | OR | 97232 | 1961 | 2014-2015 | 168 | Rooms | 80.4% | 3/31/2017 | $68,600,000 | 1/17/2017 | ||
6 | Loan | Urban Union Amazon | 1 | Office | CBD | Fee | NAP | 501 Fairview Avenue North | Seattle | King | WA | 98109 | 2016 | NAP | 295,793 | Square Feet | 100.0% | 1/1/2017 | $269,000,000 | 1/11/2017 | ||
7 | (29) | Loan | Broadway Portfolio | 3 | Various | Various | Fee | NAP | Various | New York | New York | NY | 10001 | Various | Various | 77,419 | Square Feet | 74.9% | 2/1/2017 | $97,000,000 | 8/25/2016 | |
7.01 | Property | 1214-1216 Broadway | 1 | Mixed Use | Office/Retail | Fee | NAP | 1214-1216 Broadway | New York | New York | NY | 10001 | 1929 | 2017 | 51,844 | Square Feet | 70.1% | 2/1/2017 | $64,956,509 | 8/25/2016 | ||
7.02 | Property | 1204 Broadway | 1 | Mixed Use | Office/Retail | Fee | NAP | 1204 Broadway | New York | New York | NY | 10001 | 1930 | NAP | 23,400 | Square Feet | 83.3% | 2/1/2017 | $29,318,384 | 8/25/2016 | ||
7.03 | Property | 1212 Broadway | 1 | Retail | Anchored | Fee | NAP | 1212 Broadway | New York | New York | NY | 10001 | 1929 | 2016 | 2,175 | Square Feet | 100.0% | 2/1/2017 | $2,725,106 | 8/25/2016 | ||
8 | Loan | St. Luke’s Office | 1 | Office | Suburban | Fee | NAP | 1110 American Parkway Northeast | Allentown | Lehigh | PA | 18109 | 2001 | 2015 | 566,622 | Square Feet | 91.1% | 3/1/2017 | $92,000,000 | 12/5/2016 | ||
9 | Loan | Northridge Plaza | 1 | Retail | Anchored | Fee | NAP | 15254-15420 West 119th Street | Olathe | Johnson | KS | 66062 | 1999 | NAP | 209,652 | Square Feet | 88.2% | 5/1/2017 | $50,100,000 | 2/14/2017 | ||
10 | Loan | 449 South Broadway | 1 | Multifamily | Mid-Rise | Fee | NAP | 449 South Broadway | Los Angeles | Los Angeles | CA | 90013 | 1913 | 2012 | 88 | Units | 97.7% | 5/12/2017 | $49,500,000 | 4/18/2017 | ||
11 | Loan | Columbus Office Portfolio I | 4 | Office | Suburban | Fee | NAP | Various | Dublin | Franklin | OH | 43017 | Various | Various | 651,596 | Square Feet | 84.3% | 5/22/2017 | $64,800,000 | Various | ||
11.01 | Property | Atrium II | 1 | Office | Suburban | Fee | NAP | 5455-5475 Rings Road | Dublin | Franklin | OH | 43017 | 1999 | 2012-2016 | 293,452 | Square Feet | 82.6% | 5/22/2017 | $30,500,000 | 11/29/2016 | ||
11.02 | Property | Blazer I & II | 1 | Office | Suburban | Fee | NAP | 5550 & 5600 Blazer Parkway | Dublin | Franklin | OH | 43017 | 1999 | NAP | 156,848 | Square Feet | 86.8% | 5/22/2017 | $16,900,000 | 11/29/2016 | ||
11.03 | Property | 5515 Parkcenter | 1 | Office | Suburban | Fee | NAP | 5515 Parkcenter Circle | Dublin | Franklin | OH | 43017 | 1996, 2000 | NAP | 117,003 | Square Feet | 100.0% | 5/22/2017 | $11,500,000 | 12/2/2016 | ||
11.04 | Property | 5555 Parkcenter | 1 | Office | Suburban | Fee | NAP | 5555 Parkcenter Circle | Dublin | Franklin | OH | 43017 | 1991 | 2012 | 84,293 | Square Feet | 63.5% | 5/22/2017 | $5,900,000 | 11/29/2016 | ||
12 | Loan | 71 Fifth Ave | 1 | Other | Leased Fee | Fee | NAP | 71 Fifth Avenue | New York | New York | NY | 10003 | 1907 | 2011 | 161,000 | Square Feet | NAP | NAP | $130,000,000 | 2/1/2017 | ||
13 | (30) | Loan | Acropolis Garden | 1 | Multifamily | Cooperative | Fee | NAP | 2105-2177 33rd Street and 2106-2178 35th Street | Astoria | Queens | NY | 11105 | 1923 | 1988 | 618 | Units | NAP | NAP | $177,000,000 | 2/16/2017 | |
14 | Loan | Alexandria Corporate Park | 1 | Industrial | Flex | Fee | NAP | 6315 Bren Mar Drive | Alexandria | Fairfax | VA | 22312 | 1962 | 2002 | 259,272 | Square Feet | 100.0% | 5/23/2017 | $53,000,000 | 1/19/2017 | ||
15 | Loan | Shoppes at Harmon Square | 1 | Retail | Unanchored | Fee | NAP | 4501 and 4503 Paradise Road | Las Vegas | Clark | NV | 89169 | 1987 | 2015-2016 | 31,036 | Square Feet | 72.5% | 4/1/2017 | $30,370,000 | 3/22/2017 | ||
16 | Loan | Garden Multifamily Portfolio | 15 | Multifamily | Garden | Fee | NAP | Various | Various | Various | Various | Various | Various | NAP | 1,192 | Units | 95.0% | 3/22/2017 | $80,160,000 | Various | ||
16.01 | Property | Carleton | 1 | Multifamily | Garden | Fee | NAP | 2976 Cascade Drive | Ann Arbor | Washtenaw | MI | 48104 | 1985 | NAP | 103 | Units | 93.2% | 3/22/2017 | $8,400,000 | 2/9/2017 | ||
16.02 | Property | River Glen | �� | 1 | Multifamily | Garden | Fee | NAP | 1184 Fox Creek Lane | Reynoldsburg | Franklin | OH | 43068 | 1987 | NAP | 113 | Units | 98.2% | 3/22/2017 | $8,000,000 | 2/3/2017 | |
16.03 | Property | Tabor Ridge | 1 | Multifamily | Garden | Fee | NAP | 80 Emerson Avenue | Berea | Cuyahoga | OH | 44017 | 1986 | NAP | 97 | Units | 96.9% | 3/22/2017 | $6,600,000 | 2/8/2017 | ||
16.04 | Property | Ridgewood | 1 | Multifamily | Garden | Fee | NAP | 3326 Michael Avenue | Bedford | Lawrence | IN | 47421 | 1984 | NAP | 98 | Units | 99.0% | 3/22/2017 | $6,100,000 | 2/9/2017 | ||
16.05 | Property | Foxhaven | 1 | Multifamily | Garden | Fee | NAP | 4171 Foxhaven Avenue Northwest | Canton | Stark | OH | 44718 | 1986 | NAP | 107 | Units | 89.7% | 3/22/2017 | $6,600,000 | 2/8/2017 | ||
16.06 | Property | Hayfield | 1 | Multifamily | Garden | Fee | NAP | 5519-C Limaburg Road | Burlington | Boone | KY | 41005 | 1987 | NAP | 86 | Units | 94.2% | 3/22/2017 | $5,360,000 | 2/7/2017 | ||
16.07 | Property | Laurel | 1 | Multifamily | Garden | Fee | NAP | 1632 Laurel Bay Drive | Ypsilanti | Washtenaw | MI | 48198 | 1989 | NAP | 68 | Units | 98.5% | 3/22/2017 | $4,700,000 | 2/9/2017 | ||
16.08 | Property | Wood Trail | 1 | Multifamily | Garden | Fee | NAP | 247 Jackson Street | Newnan | Coweta | GA | 30263 | 1984, 1985 | NAP | 61 | Units | 95.1% | 3/22/2017 | $4,700,000 | 2/9/2017 | ||
16.09 | Property | Camellia | 1 | Multifamily | Garden | Fee | NAP | 3835 Beth Anne Drive | Columbus | Franklin | OH | 43207 | 1981 | NAP | 104 | Units | 84.6% | 3/22/2017 | $5,600,000 | 2/3/2017 | ||
16.10 | Property | Ashgrove | 1 | Multifamily | Garden | Fee | NAP | 7701 Hogans Run | Louisville | Jefferson | KY | 40228 | 1985 | NAP | 60 | Units | 100.0% | 3/22/2017 | $4,150,000 | 2/7/2017 | ||
16.11 | Property | Slate Run | 1 | Multifamily | Garden | Fee | NAP | 450 Turney Road | Bedford | Cuyahoga | OH | 44146 | 1984 | NAP | 62 | Units | 98.4% | 3/22/2017 | $4,050,000 | 2/8/2017 | ||
16.12 | Property | Forsythia | 1 | Multifamily | Garden | Fee | NAP | 1481 Bunchline Drive | Westerville | Franklin | OH | 43081 | 1984 | NAP | 60 | Units | 100.0% | 3/22/2017 | $4,200,000 | 2/3/2017 | ||
16.13 | Property | Beckford | 1 | Multifamily | Garden | Fee | NAP | 36 Poston Road | The Plains | Athens | OH | 45780 | 1982 | NAP | 60 | Units | 90.0% | 3/22/2017 | $4,100,000 | 2/8/2017 | ||
16.14 | Property | Meadowood | 1 | Multifamily | Garden | Fee | NAP | 8611 Meadowood Drive | Newburgh | Warrick | IN | 47630 | 1985 | NAP | 65 | Units | 96.9% | 3/22/2017 | $4,000,000 | 2/9/2017 | ||
16.15 | Property | Elmwood | 1 | Multifamily | Garden | Fee | NAP | 1705 Roswell Road | Marietta | Cobb | GA | 30062 | 1984 | NAP | 48 | Units | 97.9% | 3/22/2017 | $3,600,000 | 2/9/2017 | ||
17 | Loan | Hilton Garden Inn - Fort Washington | 1 | Hotel | Select Service | Fee | NAP | 530 West Pennsylvania Avenue | Fort Washington | Montgomery | PA | 19034 | 1964 | 2014-2015 | 146 | Rooms | 72.8% | 4/30/2017 | $24,400,000 | 4/3/2017 | ||
18 | Loan | East Coast Triple Net Portfolio | 3 | Retail | Single Tenant | Fee | NAP | Various | Various | Various | Various | Various | Various | Various | 137,322 | Square Feet | 100.0% | 6/6/2017 | $29,150,000 | Various | ||
18.01 | Property | BJ’s Wholesale Club | 1 | Retail | Single Tenant | Fee | NAP | 8046 Philips Highway | Jacksonville | Duval | FL | 33653 | 2005 | NAP | 119,598 | Square Feet | 100.0% | 6/6/2017 | $21,000,000 | 4/24/2017 | ||
18.02 | Property | CVS Centerville | 1 | Retail | Single Tenant | Fee | NAP | 1080 Falmouth Road | Barnstable | Barnstable | MA | 02601 | 2004 | NAP | 9,750 | Square Feet | 100.0% | 6/6/2017 | $6,510,000 | 4/25/2017 | ||
18.03 | Property | NAPA Auto | 1 | Retail | Single Tenant | Fee | NAP | 11119 San Jose Boulevard | Jacksonville | Duval | FL | 32223 | 1995 | 2003 | 7,974 | Square Feet | 100.0% | 6/6/2017 | $1,640,000 | 4/24/2017 | ||
19 | Loan | 260-300 Boston Post Road | 1 | Retail | Anchored | Fee | NAP | 260-300 Boston Post Road | Port Chester | Westchester | NY | 10573 | 1989 | 2012 | 59,533 | Square Feet | 100.0% | 5/5/2017 | $27,500,000 | 3/23/2017 | ||
20 | Loan | Livingston Town Center | 1 | Retail | Unanchored | Fee | NAP | 1100-8100 Town Center Way | Livingston | Essex | NJ | 07039 | 2006 | NAP | 65,054 | Square Feet | 92.9% | 3/28/2017 | $24,500,000 | 2/12/2017 | ||
21 | Loan | 1 Forest Parkway | 1 | Office | Suburban | Fee | NAP | 1 Forest Parkway | Shelton | Fairfield | CT | 06484 | 1990 | 1998, 2008 | 78,600 | Square Feet | 100.0% | 6/5/2017 | $20,450,000 | 10/1/2017 | ||
22 | Loan | Walmart Shopping Center Moultrie | 1 | Retail | Anchored | Fee | NAP | 641 Veterans Parkway South | Moultrie | Colquitt | GA | 31788 | 1997 | 2013, 2017 | 196,589 | Square Feet | 98.2% | 6/1/2017 | $18,100,000 | 11/16/2016 | ||
23 | Loan | Valley View I | 1 | Industrial | Flex | Fee | NAP | 6280 South Valley View Boulevard | Las Vegas | Clark | NV | 89118 | 1998 | NAP | 126,879 | Square Feet | 91.6% | 5/15/2017 | $17,700,000 | 10/19/2016 | ||
24 | Loan | Chamblee Heights | 1 | Multifamily | Garden | Fee | NAP | 3255 Chamblee Dunwoody Road | Chamblee | DeKalb | GA | 30341 | 1964 | NAP | 170 | Units | 100.0% | 2/23/2017 | $19,000,000 | 2/20/2017 | ||
25 | Loan | Marble Hall Gardens | 1 | Multifamily | Garden | Fee | NAP | 4300 Marble Hall Road | Baltimore | Baltimore | MD | 21218 | 1947 | 2016 | 390 | Units | 96.2% | 5/17/2017 | $31,400,000 | 3/6/2017 | ||
26 | Loan | Plaza 7-21 | 1 | Mixed Use | Office/Retail | Fee | NAP | 675 East 2100 South | Salt Lake City | Salt Lake | UT | 84106 | 1987 | 2007 | 69,339 | Square Feet | 98.8% | 2/28/2017 | $13,800,000 | 2/7/2017 | ||
27 | Loan | Austin Multifamily Portfolio | 2 | Multifamily | Garden | Fee | NAP | Various | Austin | Travis | TX | Various | Various | Various | 83 | Units | 100.0% | Various | $10,375,000 | 3/24/2017 | ||
27.01 | Property | Miller Square Apartments | 1 | Multifamily | Garden | Fee | NAP | 918-920 East 40th Street | Austin | Travis | TX | 78751 | 1966, 1969 | 2016 | 51 | Units | 100.0% | 4/25/2017 | $6,900,000 | 3/24/2017 | ||
27.02 | Property | 305 West Place | 1 | Multifamily | Garden | Fee | NAP | 305 West 35th Street | Austin | Travis | TX | 78705 | 1972 | 2014-2017 | 32 | Units | 100.0% | 4/17/2017 | $3,475,000 | 3/24/2017 | ||
28 | Loan | Bell Plaza Professional Building | 1 | Office | Suburban | Fee | NAP | 17220 North Boswell Boulevard & 10451 West Palmeras Drive | Sun City | Maricopa | AZ | 85373 | 1975 | 2008 | 98,610 | Square Feet | 75.4% | 4/5/2017 | $10,100,000 | 10/28/2016 | ||
29 | Loan | La Quinta Inns & Suites Tampa | 1 | Hotel | Limited Service | Fee | NAP | 17301 Dona Michelle Drive | Tampa | Hillsborough | FL | 33647 | 1999 | 2013-2014 | 84 | Rooms | 71.1% | 2/28/2017 | $9,600,000 | 4/7/2017 | ||
30 | Loan | Walgreens - WY and MO | 2 | Retail | Single Tenant | Fee | NAP | Various | Various | Various | Various | Various | Various | NAP | 29,640 | Square Feet | 100.0% | 6/6/2017 | $9,400,000 | Various | ||
30.01 | Property | Walgreens - WY | 1 | Retail | Single Tenant | Fee | NAP | 845 North Federal Boulevard | Riverton | Fremont | WY | 82501 | 2006 | NAP | 14,820 | Square Feet | 100.0% | 6/6/2017 | $4,950,000 | 2/2/2017 | ||
30.02 | Property | Walgreens - MO | 1 | Retail | Single Tenant | Fee | NAP | 101 North Western Street | Mexico | Audrain | MO | 65265 | 2007 | NAP | 14,820 | Square Feet | 100.0% | 6/6/2017 | $4,450,000 | 1/23/2017 | ||
31 | Loan | Stevens I and II | 1 | Office | Suburban | Fee | NAP | 9441-9445 Stevens Road | Shreveport | Caddo | LA | 71106 | 2012, 2014 | NAP | 37,567 | Square Feet | 93.3% | 4/6/2017 | $7,300,000 | 10/25/2016 | ||
32 | Loan | Audubon Village | 1 | Multifamily | Garden | Fee | NAP | 1433 Utah Beach Street | Bridge City | Jefferson | LA | 70094 | 1970 | 2007, 2015-2017 | 136 | Units | 95.6% | 3/29/2017 | $9,400,000 | 3/21/2017 |
CSAIL 2017-C8 | |||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | |||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||
MORTGAGE LOAN CHARACTERISTICS | |||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Mortgage Rate | Administrative Fee Rate(10) | Subservicing Fee Rate(10) | Master Servicing Fee Rate(10) | Primary Servicing Fee Rate(10) | Trustee Fee Rate(10) | Operating Advisor Fee Rate(10) | Asset Representations Review Fee(10) | CREFC Fee Rate(10) | Interest Accrual Basis | Seasoning (mos.) | ARD (Yes/No) | Original Term to Maturity (mos.) | |
1 | Loan | 85 Broad Street | 3.4125% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
2 | Loan | 245 Park Avenue | 3.6694% | 0.01307% | 0.00125% | 0.00250% | 0.00000% | 0.00833% | 0.00000% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
3 | Loan | Apple Sunnyvale | 4.2289% | 0.01761% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00329% | 0.00049% | 0.00050% | Actual/360 | 3 | No | 60 | ||
4 | Loan | Ritz Carlton Rancho Mirage | 5.6600% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 2 | No | 60 | ||
5 | Loan | Hotel Eastlund | 4.9800% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 3 | No | 120 | ||
6 | Loan | Urban Union Amazon | 3.3812% | 0.01850% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00418% | 0.00049% | 0.00050% | Actual/360 | 4 | No | 60 | ||
7 | (29) | Loan | Broadway Portfolio | 4.6100% | 0.01851% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00419% | 0.00049% | 0.00050% | Actual/360 | 6 | No | 120 | |
7.01 | Property | 1214-1216 Broadway | |||||||||||||||
7.02 | Property | 1204 Broadway | |||||||||||||||
7.03 | Property | 1212 Broadway | |||||||||||||||
8 | Loan | St. Luke’s Office | 4.6900% | 0.01875% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00443% | 0.00049% | 0.00050% | Actual/360 | 1 | No | 120 | ||
9 | Loan | Northridge Plaza | 4.8000% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 1 | No | 120 | ||
10 | Loan | 449 South Broadway | 4.4500% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
11 | Loan | Columbus Office Portfolio I | 5.1500% | 0.01904% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00472% | 0.00049% | 0.00050% | Actual/360 | 3 | No | 120 | ||
11.01 | Property | Atrium II | |||||||||||||||
11.02 | Property | Blazer I & II | |||||||||||||||
11.03 | Property | 5515 Parkcenter | |||||||||||||||
11.04 | Property | 5555 Parkcenter | |||||||||||||||
12 | Loan | 71 Fifth Ave | 3.8800% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 4 | Yes | 120 | ||
13 | (30) | Loan | Acropolis Garden | 3.7200% | 0.01432% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00000% | 0.00049% | 0.00050% | Actual/360 | 1 | No | 120 | |
14 | Loan | Alexandria Corporate Park | 5.9000% | 0.02029% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00597% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
15 | Loan | Shoppes at Harmon Square | 5.1000% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
16 | Loan | Garden Multifamily Portfolio | 5.0100% | 0.01432% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00000% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
16.01 | Property | Carleton | |||||||||||||||
16.02 | Property | River Glen | |||||||||||||||
16.03 | Property | Tabor Ridge | |||||||||||||||
16.04 | Property | Ridgewood | |||||||||||||||
16.05 | Property | Foxhaven | |||||||||||||||
16.06 | Property | Hayfield | |||||||||||||||
16.07 | Property | Laurel | |||||||||||||||
16.08 | Property | Wood Trail | |||||||||||||||
16.09 | Property | Camellia | |||||||||||||||
16.10 | Property | Ashgrove | |||||||||||||||
16.11 | Property | Slate Run | |||||||||||||||
16.12 | Property | Forsythia | |||||||||||||||
16.13 | Property | Beckford | |||||||||||||||
16.14 | Property | Meadowood | |||||||||||||||
16.15 | Property | Elmwood | |||||||||||||||
17 | Loan | Hilton Garden Inn - Fort Washington | 5.0800% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
18 | Loan | East Coast Triple Net Portfolio | 4.9000% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 1 | No | 120 | ||
18.01 | Property | BJ’s Wholesale Club | |||||||||||||||
18.02 | Property | CVS Centerville | |||||||||||||||
18.03 | Property | NAPA Auto | |||||||||||||||
19 | Loan | 260-300 Boston Post Road | 4.3200% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
20 | Loan | Livingston Town Center | 4.3430% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 1 | No | 120 | ||
21 | Loan | 1 Forest Parkway | 4.7800% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 1 | No | 120 | ||
22 | Loan | Walmart Shopping Center Moultrie | 5.5800% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 3 | No | 120 | ||
23 | Loan | Valley View I | 5.2800% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 5 | No | 120 | ||
24 | Loan | Chamblee Heights | 4.8300% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 2 | No | 120 | ||
25 | Loan | Marble Hall Gardens | 5.0300% | 0.02306% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00874% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
26 | Loan | Plaza 7-21 | 5.0100% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 2 | No | 120 | ||
27 | Loan | Austin Multifamily Portfolio | 4.8500% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
27.01 | Property | Miller Square Apartments | |||||||||||||||
27.02 | Property | 305 West Place | |||||||||||||||
28 | Loan | Bell Plaza Professional Building | 5.9000% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 5 | No | 120 | ||
29 | Loan | La Quinta Inns & Suites Tampa | 5.2500% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 | ||
30 | Loan | Walgreens - WY and MO | 5.0500% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 2 | No | 120 | ||
30.01 | Property | Walgreens - WY | |||||||||||||||
30.02 | Property | Walgreens - MO | |||||||||||||||
31 | Loan | Stevens I and II | 5.3500% | 0.05654% | 0.04000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 4 | No | 120 | ||
32 | Loan | Audubon Village | 4.7700% | 0.01654% | 0.00000% | 0.00250% | 0.00250% | 0.00833% | 0.00222% | 0.00049% | 0.00050% | Actual/360 | 0 | No | 120 |
CSAIL 2017-C8 | ||||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Remaining Term to Maturity (mos.) | Original Interest-Only Period (mos.) | Remaining Interest-Only Period (mos.) | Original Amortization Term (mos.) | Remaining Amortization Term (mos.) | Note Date | First Payment Date | First P&I Payment Date (Partial IO Loans) | Maturity Date | ARD Loan Stated Maturity Date | Monthly Debt Service (P&I) | Monthly Debt Service (IO)(11) | Annual Debt Service (P&I)(12) | Annual Debt Service (IO)(12) | |
1 | Loan | 85 Broad Street | 120 | 120 | 120 | 0 | 0 | 5/24/2017 | 7/5/2017 | NAP | 6/5/2027 | 6/5/2027 | $259,494.47 | $259,494.47 | $3,113,934 | $3,113,934 | ||
2 | Loan | 245 Park Avenue | 120 | 120 | 120 | 0 | 0 | 5/5/2017 | 7/1/2017 | NAP | 6/1/2027 | 6/1/2027 | $248,024.26 | $248,024.26 | $2,976,291 | $2,976,291 | ||
3 | Loan | Apple Sunnyvale | 57 | 60 | 57 | 0 | 0 | 2/16/2017 | 4/6/2017 | NAP | 3/6/2022 | 3/6/2022 | $251,363.77 | $251,363.77 | $3,016,365 | $3,016,365 | ||
4 | Loan | Ritz Carlton Rancho Mirage | 58 | 60 | 58 | 0 | 0 | 3/7/2017 | 5/6/2017 | NAP | 4/6/2022 | 4/6/2022 | $258,237.50 | $258,237.50 | $3,098,850 | $3,098,850 | ||
5 | Loan | Hotel Eastlund | 117 | 24 | 21 | 360 | 360 | 2/10/2017 | 4/6/2017 | 4/6/2019 | 3/6/2027 | 3/6/2027 | $219,596.00 | $172,513.19 | $2,635,152 | $2,070,158 | ||
6 | Loan | Urban Union Amazon | 56 | 60 | 56 | 0 | 0 | 1/13/2017 | 3/7/2017 | NAP | 2/6/2022 | 2/6/2022 | $109,219.58 | $109,219.58 | $1,310,635 | $1,310,635 | ||
7 | (29) | Loan | Broadway Portfolio | 114 | 120 | 114 | 0 | 0 | 11/18/2016 | 1/5/2017 | NAP | 12/5/2026 | 12/5/2026 | $148,010.88 | $148,010.88 | $1,776,131 | $1,776,131 | |
7.01 | Property | 1214-1216 Broadway | ||||||||||||||||
7.02 | Property | 1204 Broadway | ||||||||||||||||
7.03 | Property | 1212 Broadway | ||||||||||||||||
8 | Loan | St. Luke’s Office | 119 | 12 | 11 | 360 | 360 | 4/18/2017 | 6/6/2017 | 6/6/2018 | 5/6/2027 | 5/6/2027 | $176,132.55 | $134,728.94 | $2,113,591 | $1,616,747 | ||
9 | Loan | Northridge Plaza | 119 | 24 | 23 | 360 | 360 | 4/13/2017 | 6/6/2017 | 6/6/2019 | 5/6/2027 | 5/6/2027 | $170,516.24 | $131,805.56 | $2,046,195 | $1,581,667 | ||
10 | Loan | 449 South Broadway | 120 | 120 | 120 | 0 | 0 | 5/18/2017 | 7/5/2017 | NAP | 6/5/2027 | 6/5/2027 | $119,374.86 | $119,374.86 | $1,432,498 | $1,432,498 | ||
11 | Loan | Columbus Office Portfolio I | 117 | 24 | 21 | 360 | 360 | 2/22/2017 | 4/6/2017 | 4/6/2019 | 3/6/2027 | 3/6/2027 | $163,807.87 | $130,538.19 | $1,965,694 | $1,566,458 | ||
11.01 | Property | Atrium II | ||||||||||||||||
11.02 | Property | Blazer I & II | ||||||||||||||||
11.03 | Property | 5515 Parkcenter | ||||||||||||||||
11.04 | Property | 5555 Parkcenter | ||||||||||||||||
12 | Loan | 71 Fifth Ave | 116 | 120 | 116 | 0 | 0 | 2/3/2017 | 3/6/2017 | NAP | 2/6/2032 | 2/6/2027 | $81,956.02 | $81,956.02 | $983,472 | $983,472 | ||
13 | (30) | Loan | Acropolis Garden | 119 | 120 | 119 | 0 | 0 | 4/24/2017 | 6/5/2017 | NAP | 5/5/2027 | 5/5/2027 | $62,861.11 | $62,861.11 | $754,333 | $754,333 | |
14 | Loan | Alexandria Corporate Park | 120 | 0 | 0 | 360 | 360 | 5/22/2017 | 7/6/2017 | NAP | 6/6/2027 | 6/6/2027 | $118,627.30 | NAP | $1,423,528 | NAP | ||
15 | Loan | Shoppes at Harmon Square | 120 | 0 | 0 | 360 | 360 | 5/8/2017 | 7/6/2017 | NAP | 6/6/2027 | 6/6/2027 | $98,273.91 | NAP | $1,179,287 | NAP | ||
16 | Loan | Garden Multifamily Portfolio | 120 | 0 | 0 | 360 | 360 | 5/12/2017 | 7/6/2017 | NAP | 6/6/2027 | 6/6/2027 | $96,737.93 | NAP | $1,160,855 | NAP | ||
16.01 | Property | Carleton | ||||||||||||||||
16.02 | Property | River Glen | ||||||||||||||||
16.03 | Property | Tabor Ridge | ||||||||||||||||
16.04 | Property | Ridgewood | ||||||||||||||||
16.05 | Property | Foxhaven | ||||||||||||||||
16.06 | Property | Hayfield | ||||||||||||||||
16.07 | Property | Laurel | ||||||||||||||||
16.08 | Property | Wood Trail | ||||||||||||||||
16.09 | Property | Camellia | ||||||||||||||||
16.10 | Property | Ashgrove | ||||||||||||||||
16.11 | Property | Slate Run | ||||||||||||||||
16.12 | Property | Forsythia | ||||||||||||||||
16.13 | Property | Beckford | ||||||||||||||||
16.14 | Property | Meadowood | ||||||||||||||||
16.15 | Property | Elmwood | ||||||||||||||||
17 | Loan | Hilton Garden Inn - Fort Washington | 120 | 24 | 24 | 300 | 300 | 5/15/2017 | 7/6/2017 | 7/6/2019 | 6/6/2027 | 6/6/2027 | $98,170.80 | $71,506.88 | $1,178,050 | $858,083 | ||
18 | Loan | East Coast Triple Net Portfolio | 119 | 24 | 23 | 360 | 360 | 5/5/2017 | 6/6/2017 | 6/6/2019 | 5/6/2027 | 5/6/2027 | $87,039.18 | $67,896.76 | $1,044,470 | $814,761 | ||
18.01 | Property | BJ’s Wholesale Club | ||||||||||||||||
18.02 | Property | CVS Centerville | ||||||||||||||||
18.03 | Property | NAPA Auto | ||||||||||||||||
19 | Loan | 260-300 Boston Post Road | 120 | 120 | 120 | 0 | 0 | 5/8/2017 | 7/5/2017 | NAP | 6/5/2027 | 6/5/2027 | $57,487.50 | $57,487.50 | $689,850 | $689,850 | ||
20 | Loan | Livingston Town Center | 119 | 60 | 59 | 360 | 360 | 4/7/2017 | 6/5/2017 | 6/5/2022 | 5/5/2027 | 5/5/2027 | $73,988.19 | $54,582.81 | $887,858 | $654,994 | ||
21 | Loan | 1 Forest Parkway | 119 | 36 | 35 | 360 | 360 | 5/2/2017 | 6/5/2017 | 6/5/2020 | 5/5/2027 | 5/5/2027 | $69,253.38 | $53,431.44 | $831,041 | $641,177 | ||
22 | Loan | Walmart Shopping Center Moultrie | 117 | 0 | 0 | 360 | 357 | 2/13/2017 | 4/6/2017 | NAP | 3/6/2027 | 3/6/2027 | $74,466.40 | NAP | $893,597 | NAP | ||
23 | Loan | Valley View I | 115 | 0 | 0 | 360 | 355 | 12/7/2016 | 2/6/2017 | NAP | 1/6/2027 | 1/6/2027 | $68,565.33 | NAP | $822,784 | NAP | ||
24 | Loan | Chamblee Heights | 118 | 0 | 0 | 360 | 358 | 3/22/2017 | 5/6/2017 | NAP | 4/6/2027 | 4/6/2027 | $61,861.43 | NAP | $742,337 | NAP | ||
25 | Loan | Marble Hall Gardens | 120 | 0 | 0 | 360 | 360 | 5/17/2017 | 7/5/2017 | NAP | 6/5/2027 | 6/5/2027 | $61,945.51 | NAP | $743,346 | NAP | ||
26 | Loan | Plaza 7-21 | 118 | 24 | 22 | 360 | 360 | 3/28/2017 | 5/1/2017 | 5/1/2019 | 4/1/2027 | 4/1/2027 | $49,712.55 | $39,155.12 | $596,551 | $469,861 | ||
27 | Loan | Austin Multifamily Portfolio | 120 | 36 | 36 | 360 | 360 | 5/4/2017 | 7/1/2017 | 7/1/2020 | 6/1/2027 | 6/1/2027 | $35,751.12 | $27,762.60 | $429,013 | $333,151 | ||
27.01 | Property | Miller Square Apartments | ||||||||||||||||
27.02 | Property | 305 West Place | ||||||||||||||||
28 | Loan | Bell Plaza Professional Building | 115 | 0 | 0 | 360 | 355 | 12/20/2016 | 2/6/2017 | NAP | 1/6/2027 | 1/6/2027 | $39,147.01 | NAP | $469,764 | NAP | ||
29 | Loan | La Quinta Inns & Suites Tampa | 120 | 0 | 0 | 270 | 270 | 5/19/2017 | 7/6/2017 | NAP | 6/6/2027 | 6/6/2027 | $38,864.26 | NAP | $466,371 | NAP | ||
30 | Loan | Walgreens - WY and MO | 118 | 120 | 118 | 0 | 0 | 3/9/2017 | 5/6/2017 | NAP | 4/6/2027 | 4/6/2027 | $25,387.36 | $25,387.36 | $304,648 | $304,648 | ||
30.01 | Property | Walgreens - WY | ||||||||||||||||
30.02 | Property | Walgreens - MO | ||||||||||||||||
31 | Loan | Stevens I and II | 116 | 0 | 0 | 360 | 356 | 1/20/2017 | 3/6/2017 | NAP | 2/6/2027 | 2/6/2027 | $28,199.89 | NAP | $338,399 | NAP | ||
32 | Loan | Audubon Village | 120 | 0 | 0 | 360 | 360 | 5/25/2017 | 7/6/2017 | NAP | 6/6/2027 | 6/6/2027 | $26,142.68 | NAP | $313,712 | NAP |
CSAIL 2017-C8 | ||||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Lockbox Type(13) | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans(14) | UW NOI DSCR (P&I)(15) | UW NOI DSCR (IO) | UW NCF DSCR (P&I)(15) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio(9) | Maturity Date LTV Ratio(9) | Grace Period to Late Charge (Days) | Grace Period to Default (Days) | Due Date | Prepayment Provisions (No. of Payments)(16)(17) | |
1 | Loan | 85 Broad Street | Hard | Springing | No | No | 4.43x | 4.43x | 4.11x | 4.11x | 25.9% | 25.9% | 0 | 0 | 5 | L(11), YM1 (13), Def or YM1 (89), O(7) | ||
2 | Loan | 245 Park Avenue | Hard | Springing | No | No | 2.87x | 2.87x | 2.73x | 2.73x | 48.9% | 48.9% | 0 | 0 | 1 | L(24), Def(92), O(4) | ||
3 | Loan | Apple Sunnyvale | Hard | In Place | No | Natixis - A | 3.42x | 3.42x | 3.40x | 3.40x | 35.7% | 35.7% | 0 | 0 | 6 | L(27), Def or YM1 (29), O(4) | ||
4 | Loan | Ritz Carlton Rancho Mirage | Soft | In-Place | No | No | 2.33x | 2.33x | 1.81x | 1.81x | 58.2% | 58.2% | 0 | 0 | 6 | L(26), Def(29), O(5) | ||
5 | Loan | Hotel Eastlund | Hard | Springing | No | No | 1.89x | 2.40x | 1.74x | 2.21x | 59.8% | 51.7% | 0 | 0 | 6 | L(35), YM1(78), O(7) | ||
6 | Loan | Urban Union Amazon | Hard | In Place | No | Natixis - A | 5.45x | 5.45x | 5.44x | 5.44x | 23.1% | 23.1% | 0 | 0 | 6 | L(28), Def or YM1(28), O(4) | ||
7 | (29) | Loan | Broadway Portfolio | Hard | Springing | No | No | 1.62x | 1.62x | 1.59x | 1.59x | 59.8% | 59.8% | 0 | 0 | 5 | L(30), Def(86), O(4) | |
7.01 | Property | 1214-1216 Broadway | 1.62x | 1.59x | 59.8% | 59.8% | ||||||||||||
7.02 | Property | 1204 Broadway | 1.62x | 1.59x | 59.8% | 59.8% | ||||||||||||
7.03 | Property | 1212 Broadway | 1.62x | 1.59x | 59.8% | 59.8% | ||||||||||||
8 | Loan | St. Luke’s Office | Hard | Springing | No | No | 1.90x | 2.49x | 1.72x | 2.24x | 55.4% | 46.4% | 0 | 0 | 6 | L(25), Def(90), O(5) | ||
9 | Loan | Northridge Plaza | Springing | Springing | No | No | 1.48x | 1.92x | 1.38x | 1.79x | 64.9% | 55.8% | 0 | 0 | 6 | L(25), Def(91), O(4) | ||
10 | Loan | 449 South Broadway | Springing | Springing | No | No | 1.76x | 1.76x | 1.70x | 1.70x | 64.1% | 64.1% | 0 | 0 | 5 | L(24), Def(92), O(4) | ||
11 | Loan | Columbus Office Portfolio I | Hard | Springing | No | No | 1.85x | 2.32x | 1.61x | 2.02x | 69.9% | 60.7% | 0 | 0 | 6 | L(27), Def(86), O(7) | ||
11.01 | Property | Atrium II | 1.85x | 1.61x | 69.9% | 60.7% | ||||||||||||
11.02 | Property | Blazer I & II | 1.85x | 1.61x | 69.9% | 60.7% | ||||||||||||
11.03 | Property | 5515 Parkcenter | 1.85x | 1.61x | 69.9% | 60.7% | ||||||||||||
11.04 | Property | 5555 Parkcenter | 1.85x | 1.61x | 69.9% | 60.7% | ||||||||||||
12 | Loan | 71 Fifth Ave | Hard | Springing | No | No | 3.74x | 3.74x | 3.74x | 3.74x | 19.2% | 19.2% | 0 | 0 | 6 | L(28), Def(88), O(4) | ||
13 | (30) | Loan | Acropolis Garden | NAP | NAP | No | No | 5.41x | 5.41x | 5.31x | 5.31x | 25.4% | 25.4% | 0 | 0 | 5 | L(25), Def(92), O(3) | |
14 | Loan | Alexandria Corporate Park | Hard | In Place | No | No | 1.47x | NAP | 1.32x | NAP | 65.1% | 55.0% | 0 | 0 | 6 | L(24), Def(92), O(4) | ||
15 | Loan | Shoppes at Harmon Square | Hard | Springing | No | No | 1.47x | NAP | 1.45x | NAP | 59.6% | 49.2% | 0 | 0 | 6 | L(24), Def(92), O(4) | ||
16 | Loan | Garden Multifamily Portfolio | Springing | Springing | No | No | 1.46x | NAP | 1.37x | NAP | 71.7% | 59.0% | 0 | 0 | 6 | L(24), Def(92), O(4) | ||
16.01 | Property | Carleton | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.02 | Property | River Glen | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.03 | Property | Tabor Ridge | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.04 | Property | Ridgewood | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.05 | Property | Foxhaven | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.06 | Property | Hayfield | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.07 | Property | Laurel | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.08 | Property | Wood Trail | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.09 | Property | Camellia | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.10 | Property | Ashgrove | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.11 | Property | Slate Run | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.12 | Property | Forsythia | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.13 | Property | Beckford | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.14 | Property | Meadowood | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
16.15 | Property | Elmwood | 1.46x | 1.37x | 71.7% | 59.0% | ||||||||||||
17 | Loan | Hilton Garden Inn - Fort Washington | Hard | Springing | No | No | 1.70x | 2.33x | 1.49x | 2.04x | 68.3% | 55.4% | 0 | 0 | 6 | L(24), Def(92), O(4) | ||
18 | Loan | East Coast Triple Net Portfolio | Hard | In Place | No | No | 1.59x | 2.03x | 1.50x | 1.92x | 56.3% | 48.6% | 0 | 0 | 6 | L(25), Def(91), O(4) | ||
18.01 | Property | BJ’s Wholesale Club | 1.59x | 1.50x | 56.3% | 48.6% | ||||||||||||
18.02 | Property | CVS Centerville | 1.59x | 1.50x | 56.3% | 48.6% | ||||||||||||
18.03 | Property | NAPA Auto | 1.59x | 1.50x | 56.3% | 48.6% | ||||||||||||
19 | Loan | 260-300 Boston Post Road | Hard | Springing | No | No | 2.33x | 2.33x | 2.22x | 2.22x | 57.3% | 57.3% | 0 | 0 | 5 | L(24), Def(93), O(3) | ||
20 | Loan | Livingston Town Center | Springing | Springing | No | No | 1.73x | 2.34x | 1.64x | 2.23x | 60.7% | 55.4% | 0 | 0 | 5 | L(25), Def(92), O(3) | ||
21 | Loan | 1 Forest Parkway | Hard | Springing | No | No | 1.43x | 1.86x | 1.41x | 1.83x | 64.7% | 57.0% | 0 | 0 | 5 | L(25), Def(92), O(3) | ||
22 | Loan | Walmart Shopping Center Moultrie | Hard | Springing | No | No | 1.35x | NAP | 1.21x | NAP | 71.6% | 60.2% | 0 | 0 | 6 | L(27), Def(89), O(4) | ||
23 | Loan | Valley View I | Springing | Springing | No | No | 1.69x | NAP | 1.56x | NAP | 69.5% | 58.0% | 0 | 0 | 6 | L(29), Def(87), O(4) | ||
24 | Loan | Chamblee Heights | NAP | NAP | No | No | 1.53x | NAP | 1.47x | NAP | 61.7% | 50.6% | 0 | 0 | 6 | L(26), Def(90), O(4) | ||
25 | Loan | Marble Hall Gardens | Commercial: Hard; Multifamily: Soft | Springing | No | No | 1.82x | NAP | 1.74x | NAP | 68.5% | 56.3% | 0 | 0 | 5 | L(24), Def(93), O(3) | ||
26 | Loan | Plaza 7-21 | Soft | Springing | No | No | 1.56x | 1.99x | 1.30x | 1.65x | 67.0% | 58.0% | 5 | 5 | 1 | L(26), Def(87), O(7) | ||
27 | Loan | Austin Multifamily Portfolio | Springing | Springing | No | No | 1.30x | 1.67x | 1.25x | 1.61x | 65.3% | 57.6% | 5 | 5 | 1 | L(24), Def(92), O(4) | ||
27.01 | Property | Miller Square Apartments | 1.30x | 1.25x | 65.3% | 57.6% | ||||||||||||
27.02 | Property | 305 West Place | 1.30x | 1.25x | 65.3% | 57.6% | ||||||||||||
28 | Loan | Bell Plaza Professional Building | Springing | Springing | No | No | 1.62x | NAP | 1.39x | NAP | 65.0% | 55.2% | 0 | 0 | 6 | L(29), Def(87), O(4) | ||
29 | Loan | La Quinta Inns & Suites Tampa | Hard | Springing | No | No | 2.11x | NAP | 1.92x | NAP | 64.1% | 45.0% | 0 | 0 | 6 | L(24), Def(92), O(4) | ||
30 | Loan | Walgreens - WY and MO | Hard | Springing | No | No | 1.87x | 1.87x | 1.86x | 1.86x | 63.3% | 63.3% | 0 | 0 | 6 | L(26), Def(90), O(4) | ||
30.01 | Property | Walgreens - WY | 1.87x | 1.86x | 63.3% | 63.3% | ||||||||||||
30.02 | Property | Walgreens - MO | 1.87x | 1.86x | 63.3% | 63.3% | ||||||||||||
31 | Loan | Stevens I and II | Springing | Springing | No | No | 1.49x | NAP | 1.36x | NAP | 68.9% | 57.5% | 0 | 0 | 6 | L(28), Def(88), O(4) | ||
32 | Loan | Audubon Village | NAP | NAP | No | No | 1.97x | NAP | 1.86x | NAP | 53.2% | 43.4% | 0 | 0 | 6 | L(24), Def(92), O(4) |
CSAIL 2017-C8 | |||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | |||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(18) | |||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Third Most Recent Revenues | Third Most Recent Expenses | Third Most Recent NOI | Third Most Recent NOI Date | Third Most Recent NOI Debt Yield | Second Most Recent Revenues | Second Most Recent Expenses | Second Most Recent NOI | Second Most Recent NOI Date | Second Most Recent NOI Debt Yield | Most Recent Revenues | |
1 | Loan | 85 Broad Street | $35,477,343 | $21,206,955 | $14,270,387 | 2015 | 8.4% | $44,191,890 | $21,069,855 | $23,122,035 | 2016 | 13.7% | $45,212,554 | ||
2 | Loan | 245 Park Avenue | $160,661,056 | $57,993,351 | $102,667,705 | 2015 | 9.5% | $167,638,950 | $60,922,988 | $106,715,962 | 2016 | 9.9% | $168,887,445 | ||
3 | Loan | Apple Sunnyvale | $13,698,146 | $3,332,381 | $10,365,765 | 2015 | 9.9% | $14,027,702 | $2,865,518 | $11,162,184 | 2016 | 10.7% | N/A | ||
4 | Loan | Ritz Carlton Rancho Mirage | $37,727,081 | $35,153,788 | $2,573,293 | 2015 | 4.8% | $44,040,041 | $37,263,275 | $6,776,766 | 2016 | 12.5% | $45,259,973 | ||
5 | Loan | Hotel Eastlund | N/A | N/A | N/A | N/A | N/A | $9,250,730 | $4,476,015 | $4,774,715 | 2016 | 11.6% | $9,612,202 | ||
6 | Loan | Urban Union Amazon | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
7 | (29) | Loan | Broadway Portfolio | $4,225,978 | $1,563,412 | $2,662,566 | 2015 | 4.6% | N/A | N/A | N/A | N/A | N/A | $4,438,175 | |
7.01 | Property | 1214-1216 Broadway | $2,212,643 | $932,341 | $1,280,302 | 2015 | N/A | N/A | N/A | N/A | $2,423,311 | ||||
7.02 | Property | 1204 Broadway | $1,422,097 | $470,324 | $951,774 | 2015 | N/A | N/A | N/A | N/A | $1,560,945 | ||||
7.03 | Property | 1212 Broadway | $591,238 | $160,747 | $430,491 | 2015 | N/A | N/A | N/A | N/A | $453,919 | ||||
8 | Loan | St. Luke’s Office | $7,350,766 | $4,904,270 | $2,446,496 | 2015 | 4.8% | $9,787,606 | $5,013,917 | $4,773,689 | 2016 | 9.4% | $10,414,059 | ||
9 | Loan | Northridge Plaza | $4,474,187 | $1,432,647 | $3,041,540 | 2015 | 9.4% | $4,788,542 | $1,497,112 | $3,291,430 | 2016 | 10.1% | $4,625,141 | ||
10 | Loan | 449 South Broadway | $3,313,903 | $685,117 | $2,628,786 | 2015 | 8.3% | $3,288,492 | $698,259 | $2,590,233 | 2016 | 8.2% | $3,280,624 | ||
11 | Loan | Columbus Office Portfolio I | $9,845,501 | $6,030,371 | $3,815,130 | 2015 | 8.4% | $11,726,726 | $6,085,161 | $5,641,565 | 2016 | 12.5% | $12,037,047 | ||
11.01 | Property | Atrium II | $4,642,730 | $2,907,715 | $1,735,015 | 2015 | $5,191,629 | $2,859,757 | $2,331,872 | 2016 | $5,614,179 | ||||
11.02 | Property | Blazer I & II | $2,863,857 | $1,518,186 | $1,345,671 | 2015 | $3,047,861 | $1,440,542 | $1,607,319 | 2016 | $2,938,582 | ||||
11.03 | Property | 5515 Parkcenter | $1,266,856 | $896,003 | $370,853 | 2015 | $2,241,279 | $1,094,527 | $1,146,752 | 2016 | $2,254,251 | ||||
11.04 | Property | 5555 Parkcenter | $1,072,058 | $708,467 | $363,591 | 2015 | $1,245,957 | $690,335 | $555,622 | 2016 | $1,230,035 | ||||
12 | Loan | 71 Fifth Ave | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
13 | (30) | Loan | Acropolis Garden | $5,633,315 | $5,434,367 | $198,948 | 2015 | 0.4% | $5,696,822 | $5,137,865 | $558,957 | 2016 | 1.2% | N/A | |
14 | Loan | Alexandria Corporate Park | $3,069,622 | $1,360,365 | $1,709,257 | 2015 | 5.0% | $3,866,596 | $1,664,067 | $2,202,529 | 2016 | 6.4% | $4,225,225 | ||
15 | Loan | Shoppes at Harmon Square | $639,386 | $217,839 | $421,547 | 2015 | 2.3% | $976,018 | $255,470 | $720,548 | 2016 | 4.0% | $1,063,061 | ||
16 | Loan | Garden Multifamily Portfolio | $8,977,316 | $3,830,576 | $5,146,740 | 2015 | 9.0% | $9,174,572 | $3,854,858 | $5,319,714 | 2016 | 9.3% | $9,175,633 | ||
16.01 | Property | Carleton | $924,115 | $414,443 | $509,672 | 2015 | $952,169 | $405,761 | $546,408 | 2016 | $974,666 | ||||
16.02 | Property | River Glen | $809,085 | $336,747 | $472,338 | 2015 | $860,423 | $346,395 | $514,028 | 2016 | $857,083 | ||||
16.03 | Property | Tabor Ridge | $762,957 | $308,225 | $454,732 | 2015 | $764,869 | $322,951 | $441,918 | 2016 | $765,780 | ||||
16.04 | Property | Ridgewood | $672,216 | $241,117 | $431,099 | 2015 | $690,398 | $234,115 | $456,283 | 2016 | $695,289 | ||||
16.05 | Property | Foxhaven | $727,162 | $290,750 | $436,412 | 2015 | $714,377 | $298,545 | $415,832 | 2016 | $680,637 | ||||
16.06 | Property | Hayfield | $541,320 | $284,441 | $256,879 | 2015 | $614,900 | $251,860 | $363,040 | 2016 | $621,749 | ||||
16.07 | Property | Laurel | $551,300 | $241,031 | $310,269 | 2015 | $556,979 | $238,397 | $318,582 | 2016 | $572,223 | ||||
16.08 | Property | Wood Trail | $469,341 | $168,658 | $300,683 | 2015 | $473,946 | $170,816 | $303,130 | 2016 | $477,024 | ||||
16.09 | Property | Camellia | $675,351 | $324,691 | $350,660 | 2015 | $659,966 | $326,706 | $333,260 | 2016 | $642,221 | ||||
16.10 | Property | Ashgrove | $468,719 | $202,770 | $265,949 | 2015 | $487,815 | $205,715 | $282,100 | 2016 | $491,246 | ||||
16.11 | Property | Slate Run | $534,813 | $263,083 | $271,730 | 2015 | $538,306 | $271,239 | $267,067 | 2016 | $539,721 | ||||
16.12 | Property | Forsythia | $500,088 | $213,273 | $286,815 | 2015 | $513,299 | $231,053 | $282,246 | 2016 | $516,153 | ||||
16.13 | Property | Beckford | $452,756 | $180,975 | $271,781 | 2015 | $450,136 | $184,574 | $265,562 | 2016 | $444,551 | ||||
16.14 | Property | Meadowood | $475,954 | $205,551 | $270,403 | 2015 | $474,832 | $201,513 | $273,319 | 2016 | $473,797 | ||||
16.15 | Property | Elmwood | $412,139 | $154,821 | $257,318 | 2015 | $422,157 | $165,218 | $256,939 | 2016 | $423,493 | ||||
17 | Loan | Hilton Garden Inn - Fort Washington | $5,902,792 | $3,998,946 | $1,903,846 | 2015 | 11.4% | $6,244,213 | $4,203,167 | $2,041,046 | 2016 | 12.3% | $6,211,085 | ||
18 | Loan | East Coast Triple Net Portfolio | $1,595,768 | $1,595,768 | 2015 | 9.7% | $1,781,220 | $1,781,220 | 2016 | 10.9% | $1,789,607 | ||||
18.01 | Property | BJ’s Wholesale Club | $1,164,884 | $1,164,884 | 2015 | $1,350,334 | $1,350,334 | 2016 | $1,358,721 | ||||||
18.02 | Property | CVS Centerville | $345,057 | $345,057 | 2015 | $345,059 | $345,059 | 2016 | $345,059 | ||||||
18.03 | Property | NAPA Auto | $85,827 | $85,827 | 2015 | $85,827 | $85,827 | 2016 | $85,827 | ||||||
19 | Loan | 260-300 Boston Post Road | $2,256,463 | $612,942 | $1,643,521 | 2015 | 10.4% | $2,286,893 | $599,842 | $1,687,051 | 2016 | 10.7% | $2,294,851 | ||
20 | Loan | Livingston Town Center | $2,209,208 | $1,028,398 | $1,180,810 | 2015 | 7.9% | $2,177,752 | $963,600 | $1,214,152 | 2016 | 8.2% | N/A | ||
21 | Loan | 1 Forest Parkway | $1,658,574 | $356,298 | $1,302,276 | 2015 | 9.8% | $1,740,155 | $273,585 | $1,466,570 | 2016 | 11.1% | $1,706,699 | ||
22 | Loan | Walmart Shopping Center Moultrie | $1,431,808 | $166,680 | $1,265,128 | 2015 | 9.8% | $1,444,559 | $160,113 | $1,284,446 | 2016 | 9.9% | $1,469,111 | ||
23 | Loan | Valley View I | $1,713,063 | $371,828 | $1,341,235 | 2015 | 10.9% | $1,704,163 | $418,307 | $1,285,856 | 2016 | 10.4% | $1,836,541 | ||
24 | Loan | Chamblee Heights | $1,657,248 | $643,567 | $1,013,681 | 2015 | 8.6% | $1,791,752 | $658,660 | $1,133,092 | 2016 | 9.7% | $1,828,513 | ||
25 | Loan | Marble Hall Gardens | $4,413,905 | $1,687,015 | $2,726,890 | 2015 | 12.7% | $4,619,957 | $1,975,886 | $2,644,071 | 2016 | 12.3% | $4,686,781 | ||
26 | Loan | Plaza 7-21 | $1,372,155 | $500,413 | $871,743 | 2015 | 9.4% | $1,496,911 | $561,372 | $935,539 | 2016 | 10.1% | N/A | ||
27 | Loan | Austin Multifamily Portfolio | $309,401 | $110,255 | $199,146 | 2015 | 2.9% | $921,425 | $474,559 | $446,866 | 2016 | 6.6% | $931,540 | ||
27.01 | Property | Miller Square Apartments | N/A | N/A | N/A | N/A | $593,563 | $337,555 | $256,008 | 2016 | $600,815 | ||||
27.02 | Property | 305 West Place | $309,401 | $110,255 | $199,146 | 2015 | $327,862 | $137,004 | $190,858 | 2016 | $330,725 | ||||
28 | Loan | Bell Plaza Professional Building | $1,226,160 | $612,101 | $614,059 | 2015 | 9.4% | $1,343,096 | $630,410 | $712,686 | 2016 | 10.9% | $1,350,460 | ||
29 | Loan | La Quinta Inns & Suites Tampa | $2,076,744 | $1,182,040 | $894,704 | 2015 | 14.5% | $2,222,998 | $1,267,143 | $955,855 | 2016 | 15.5% | $2,238,713 | ||
30 | Loan | Walgreens - WY and MO | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $589,000 | ||
30.01 | Property | Walgreens - WY | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $310,000 | ||||
30.02 | Property | Walgreens - MO | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $279,000 | ||||
31 | Loan | Stevens I and II | $650,553 | $166,528 | $484,025 | 2015 | 9.6% | $695,744 | $201,063 | $494,681 | 2016 | 9.8% | $696,638 | ||
32 | Loan | Audubon Village | $860,899 | $492,900 | $367,999 | 2015 | 7.4% | $956,001 | $506,229 | $449,772 | 2016 | 9.0% | $1,024,325 |
CSAIL 2017-C8 | ||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | Most Recent NOI Debt Yield | UW Occupancy | UW EGI | UW Expenses | UW NOI(19) | UW NOI Debt Yield | UW Capital Items | UW NCF(19) | UW NCF Debt Yield | |
1 | Loan | 85 Broad Street | $21,305,990 | $23,906,564 | T12 2/28/2017 | 14.1% | 86.8% | $47,225,377 | $21,294,959 | $25,930,418 | 15.3% | $1,901,470 | $24,028,948 | 14.2% | ||
2 | Loan | 245 Park Avenue | $61,210,770 | $107,676,675 | T12 3/31/2017 | 10.0% | 88.5% | $177,756,680 | $62,448,738 | $115,307,942 | 10.7% | $5,743,040 | $109,564,903 | 10.1% | ||
3 | Loan | Apple Sunnyvale | N/A | N/A | N/A | N/A | 97.0% | $20,466,492 | $5,186,906 | $15,279,587 | 14.6% | $66,454 | $15,213,133 | 14.6% | ||
4 | Loan | Ritz Carlton Rancho Mirage | $37,841,794 | $7,418,179 | T12 4/30/2017 | 13.7% | 75.3% | $45,259,973 | $38,024,546 | $7,235,427 | 13.4% | $1,629,359 | $5,606,068 | 10.4% | ||
5 | Loan | Hotel Eastlund | $4,581,113 | $5,031,089 | T12 3/31/2017 | 12.3% | 80.4% | $9,612,202 | $4,644,483 | $4,967,719 | 12.1% | $384,488 | $4,583,231 | 11.2% | ||
6 | Loan | Urban Union Amazon | N/A | N/A | N/A | N/A | 97.0% | $16,148,162 | $4,519,828 | $11,628,334 | 18.7% | $29,579 | $11,598,755 | 18.6% | ||
7 | (29) | Loan | Broadway Portfolio | $1,460,321 | $2,977,855 | T12 4/30/2017 | 5.1% | 87.0% | $6,055,691 | $1,658,632 | $4,397,059 | 7.6% | $89,028 | $4,308,031 | 7.4% | |
7.01 | Property | 1214-1216 Broadway | $842,443 | $1,580,868 | T12 4/30/2017 | 82.5% | $3,535,326 | $957,552 | $2,577,774 | 7.6% | $59,622 | $2,518,152 | 7.4% | |||
7.02 | Property | 1204 Broadway | $454,978 | $1,105,967 | T12 4/30/2017 | 92.6% | $1,935,520 | $518,094 | $1,417,427 | 7.6% | $26,904 | $1,390,523 | 7.4% | |||
7.03 | Property | 1212 Broadway | $162,899 | $291,020 | T12 4/30/2017 | 100.0% | $584,845 | $182,987 | $401,858 | 7.6% | $2,502 | $399,356 | 7.4% | |||
8 | Loan | St. Luke’s Office | $4,974,710 | $5,439,349 | T12 3/31/2017 | 10.7% | 90.0% | $11,394,613 | $5,356,662 | $6,037,950 | 11.8% | $599,946 | $5,438,004 | 10.7% | ||
9 | Loan | Northridge Plaza | $1,528,113 | $3,097,028 | T12 4/30/2017 | 9.5% | 92.4% | $4,616,091 | $1,586,745 | $3,029,345 | 9.3% | $205,632 | $2,823,713 | 8.7% | ||
10 | Loan | 449 South Broadway | $704,610 | $2,576,014 | T12 3/31/2017 | 8.1% | 93.1% | $3,318,610 | $803,282 | $2,515,327 | 7.9% | $73,887 | $2,441,440 | 7.7% | ||
11 | Loan | Columbus Office Portfolio I | $6,083,570 | $5,953,477 | T12 2/28/2017 | 13.1% | 84.9% | $12,204,238 | $6,710,527 | $5,493,711 | 12.1% | $712,235 | $4,781,476 | 10.6% | ||
11.01 | Property | Atrium II | $2,837,071 | $2,777,108 | T12 2/28/2017 | 82.6% | $5,414,808 | $3,032,004 | $2,382,804 | 12.1% | $320,761 | $2,062,043 | 10.6% | |||
11.02 | Property | Blazer I & II | $1,457,355 | $1,481,227 | T12 2/28/2017 | 87.8% | $3,228,033 | $1,615,947 | $1,612,086 | 12.1% | $171,444 | $1,440,642 | 10.6% | |||
11.03 | Property | 5515 Parkcenter | $1,105,883 | $1,148,368 | T12 2/28/2017 | 100.0% | $2,598,234 | $1,343,034 | $1,255,201 | 12.1% | $127,891 | $1,127,309 | 10.6% | |||
11.04 | Property | 5555 Parkcenter | $683,261 | $546,774 | T12 2/28/2017 | 62.8% | $963,162 | $719,543 | $243,620 | 12.1% | $92,137 | $151,482 | 10.6% | |||
12 | Loan | 71 Fifth Ave | N/A | N/A | N/A | N/A | 100.0% | $3,675,000 | $0 | $3,675,000 | 14.7% | $0 | $3,675,000 | 14.7% | ||
13 | (30) | Loan | Acropolis Garden | N/A | N/A | N/A | N/A | 96.0% | $14,965,959 | $5,787,751 | $9,178,209 | 20.4% | $163,152 | $9,015,057 | 20.0% | |
14 | Loan | Alexandria Corporate Park | $1,562,343 | $2,662,882 | T12 4/30/2017 | 7.7% | 93.0% | $5,257,034 | $1,638,571 | $3,618,463 | 10.5% | $365,574 | $3,252,889 | 9.4% | ||
15 | Loan | Shoppes at Harmon Square | $263,346 | $799,715 | T12 2/28/2017 | 4.4% | 80.0% | $2,045,525 | $316,168 | $1,729,357 | 9.6% | $23,106 | $1,706,251 | 9.4% | ||
16 | Loan | Garden Multifamily Portfolio | $3,846,145 | $5,329,488 | T12 3/31/2017 | 9.3% | 95.4% | $9,265,766 | $3,845,748 | $5,420,018 | 9.4% | $357,600 | $5,062,418 | 8.8% | ||
16.01 | Property | Carleton | $392,043 | $582,623 | T12 3/31/2017 | 93.0% | $970,823 | $389,405 | $581,418 | 9.4% | $30,900 | $550,518 | 8.8% | |||
16.02 | Property | River Glen | $353,284 | $503,799 | T12 3/31/2017 | 98.4% | $875,154 | $346,344 | $528,810 | 9.4% | $33,900 | $494,910 | 8.8% | |||
16.03 | Property | Tabor Ridge | $326,984 | $438,796 | T12 3/31/2017 | 96.9% | $764,627 | $331,305 | $433,322 | 9.4% | $29,100 | $404,222 | 8.8% | |||
16.04 | Property | Ridgewood | $231,687 | $463,602 | T12 3/31/2017 | 99.3% | $708,921 | $230,957 | $477,964 | 9.4% | $29,400 | $448,564 | 8.8% | |||
16.05 | Property | Foxhaven | $314,871 | $365,766 | T12 3/31/2017 | 90.4% | $668,303 | $313,590 | $354,713 | 9.4% | $32,100 | $322,613 | 8.8% | |||
16.06 | Property | Hayfield | $246,730 | $375,019 | T12 3/31/2017 | 94.2% | $641,653 | $247,525 | $394,128 | 9.4% | $25,800 | $368,328 | 8.8% | |||
16.07 | Property | Laurel | $234,765 | $337,458 | T12 3/31/2017 | 98.8% | $584,243 | $232,461 | $351,782 | 9.4% | $20,400 | $331,382 | 8.8% | |||
16.08 | Property | Wood Trail | $157,586 | $319,438 | T12 3/31/2017 | 95.1% | $472,150 | $156,390 | $315,760 | 9.4% | $18,300 | $297,460 | 8.8% | |||
16.09 | Property | Camellia | $323,388 | $318,833 | T12 3/31/2017 | 86.3% | $627,559 | $328,144 | $299,415 | 9.4% | $31,200 | $268,215 | 8.8% | |||
16.10 | Property | Ashgrove | $207,558 | $283,688 | T12 3/31/2017 | 100.0% | $512,620 | $207,465 | $305,155 | 9.4% | $18,000 | $287,155 | 8.8% | |||
16.11 | Property | Slate Run | $271,593 | $268,128 | T12 3/31/2017 | 98.3% | $546,868 | $271,097 | $275,771 | 9.4% | $18,600 | $257,171 | 8.8% | |||
16.12 | Property | Forsythia | $241,128 | $275,025 | T12 3/31/2017 | 99.4% | $525,257 | $240,706 | $284,551 | 9.4% | $18,000 | $266,551 | 8.8% | |||
16.13 | Property | Beckford | $182,847 | $261,704 | T12 3/31/2017 | 91.2% | $455,608 | $192,191 | $263,417 | 9.4% | $18,000 | $245,417 | 8.8% | |||
16.14 | Property | Meadowood | $202,115 | $271,682 | T12 3/31/2017 | 97.3% | $488,217 | $199,681 | $288,536 | 9.4% | $19,500 | $269,036 | 8.8% | |||
16.15 | Property | Elmwood | $159,566 | $263,927 | T12 3/31/2017 | 98.2% | $423,763 | $158,487 | $265,276 | 9.4% | $14,400 | $250,876 | 8.8% | |||
17 | Loan | Hilton Garden Inn - Fort Washington | $4,204,025 | $2,007,060 | T12 4/30/2017 | 12.0% | 72.8% | $6,211,398 | $4,213,009 | $1,998,389 | 12.0% | $248,456 | $1,749,933 | 10.5% | ||
18 | Loan | East Coast Triple Net Portfolio | $1,789,607 | T12 3/31/2017 | 10.9% | 95.4% | $1,707,026 | $51,211 | $1,655,815 | 10.1% | $89,541 | $1,566,274 | 9.6% | |||
18.01 | Property | BJ’s Wholesale Club | $1,358,721 | T12 3/31/2017 | 95.0% | $1,290,785 | $38,724 | $1,252,061 | 10.1% | $83,327 | $1,168,734 | 9.6% | ||||
18.02 | Property | CVS Centerville | $345,059 | T12 3/31/2017 | 97.0% | $334,706 | $10,041 | $324,665 | 10.1% | $341 | $324,324 | 9.6% | ||||
18.03 | Property | NAPA Auto | $85,827 | T12 3/31/2017 | 95.0% | $81,536 | $2,446 | $79,090 | 10.1% | $5,874 | $73,216 | 9.6% | ||||
19 | Loan | 260-300 Boston Post Road | $612,661 | $1,682,190 | T12 2/28/2017 | 10.7% | 96.5% | $2,204,566 | $597,862 | $1,606,704 | 10.2% | $73,821 | $1,532,883 | 9.7% | ||
20 | Loan | Livingston Town Center | N/A | N/A | N/A | N/A | 92.9% | $2,519,598 | $987,201 | $1,532,397 | 10.3% | $74,812 | $1,457,584 | 9.8% | ||
21 | Loan | 1 Forest Parkway | $328,428 | $1,378,271 | T12 3/31/2017 | 10.4% | 95.0% | $1,508,770 | $316,381 | $1,192,389 | 9.0% | $16,506 | $1,175,883 | 8.9% | ||
22 | Loan | Walmart Shopping Center Moultrie | $191,138 | $1,277,973 | T12 4/30/2017 | 9.9% | 91.5% | $1,370,780 | $166,129 | $1,204,651 | 9.3% | $127,783 | $1,076,868 | 8.3% | ||
23 | Loan | Valley View I | $346,720 | $1,489,821 | T12 3/31/2017 | 12.1% | 87.4% | $1,763,264 | $375,423 | $1,387,841 | 11.3% | $107,239 | $1,280,602 | 10.4% | ||
24 | Loan | Chamblee Heights | $676,060 | $1,152,453 | T12 3/31/2017 | 9.8% | 95.0% | $1,803,968 | $668,658 | $1,135,310 | 9.7% | $42,500 | $1,092,810 | 9.3% | ||
25 | Loan | Marble Hall Gardens | $2,042,512 | $2,644,269 | T12 3/31/2017 | 12.3% | 95.3% | $4,627,269 | $2,093,671 | $2,533,597 | 11.8% | $115,520 | $2,418,077 | 11.2% | ||
26 | Loan | Plaza 7-21 | N/A | N/A | N/A | N/A | 92.0% | $1,476,502 | $543,126 | $933,375 | 10.1% | $158,791 | $774,584 | 8.4% | ||
27 | Loan | Austin Multifamily Portfolio | $472,043 | $459,497 | T12 3/31/2017 | 6.8% | 95.0% | $974,909 | $419,193 | $555,717 | 8.2% | $20,750 | $534,967 | 7.9% | ||
27.01 | Property | Miller Square Apartments | $334,331 | $266,484 | T12 3/31/2017 | 95.0% | $644,358 | $277,907 | $366,451 | 8.2% | $12,750 | $353,701 | 7.9% | |||
27.02 | Property | 305 West Place | $137,712 | $193,013 | T12 3/31/2017 | 95.0% | $330,551 | $141,285 | $189,266 | 8.2% | $8,000 | $181,266 | 7.9% | |||
28 | Loan | Bell Plaza Professional Building | $634,962 | $715,498 | T12 2/28/2017 | 10.9% | 74.6% | $1,394,680 | $632,941 | $761,738 | 11.6% | $108,332 | $653,406 | 9.9% | ||
29 | Loan | La Quinta Inns & Suites Tampa | $1,236,488 | $1,002,225 | T12 2/28/2017 | 16.3% | 71.1% | $2,238,714 | $1,254,632 | $984,082 | 16.0% | $89,549 | $894,533 | 14.5% | ||
30 | Loan | Walgreens - WY and MO | $589,000 | T12 3/1/2017 | 9.9% | 98.0% | $581,577 | $11,632 | $569,946 | 9.6% | $4,446 | $565,500 | 9.5% | |||
30.01 | Property | Walgreens - WY | $310,000 | T12 3/1/2017 | 98.0% | $305,979 | $6,120 | $299,859 | 9.6% | $2,223 | $297,636 | 9.5% | ||||
30.02 | Property | Walgreens - MO | $279,000 | T12 3/1/2017 | 98.0% | $275,599 | $5,512 | $270,087 | 9.6% | $2,223 | $267,864 | 9.5% | ||||
31 | Loan | Stevens I and II | $195,801 | $500,837 | T12 3/31/2017 | 10.0% | 92.0% | $698,992 | $193,404 | $505,588 | 10.1% | $45,081 | $460,507 | 9.2% | ||
32 | Loan | Audubon Village | $486,726 | $537,599 | T12 4/30/2017 | 10.8% | 94.0% | $1,119,005 | $500,504 | $618,501 | 12.4% | $36,448 | $582,053 | 11.6% |
CSAIL 2017-C8 | ||||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||
LARGEST TENANT INFORMATION(20)(21)(22) | 2ND LARGEST TENANT INFORMATION(20)(21)(22) | 3RD LARGEST TENANT INFORMATION(20)(21)(22) | ||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Largest Tenant | Largest Tenant Lease Expiration | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration | 2nd Largest Tenant NSF | 2nd Largest Tenant % of NSF | 3rd Largest Tenant | 3rd Largest Tenant Lease Expiration | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF | |||
1 | Loan | 85 Broad Street | WeWork | 8/31/2033 | 292,956 | 26.2% | Oppenheimer | 2/28/2028 | 275,792 | 24.7% | Nielsen | 3/31/2025 | 117,207 | 10.5% | ||||
2 | Loan | 245 Park Avenue | Société Générale | 10/31/2032 | 562,347 | 32.6% | JP Morgan Chase Bank, N.A. | 10/31/2022 | 225,438 | 13.1% | Major League Baseball | 10/31/2022 | 220,565 | 12.8% | ||||
3 | Loan | Apple Sunnyvale | Apple, Inc. | 6/30/2026 | 349,758 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4 | Loan | Ritz Carlton Rancho Mirage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
5 | Loan | Hotel Eastlund | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
6 | Loan | Urban Union Amazon | Amazon Corporate LLC | 12/31/2032 | 288,534 | 97.5% | Restaurants Unlimited Inc dba Henry’s Tavern | 7/31/2027 | 5,282 | 1.8% | Sprout Good Greens, Inc. | 7/31/2027 | 1,977 | 0.7% | ||||
7 | (29) | Loan | Broadway Portfolio | |||||||||||||||
7.01 | Property | 1214-1216 Broadway | Grind-1216 Broadway LLC | 5/31/2028 | 27,600 | 53.2% | PRYM 1216, LLC | 4/1/2030 | 15,200 | 29.3% | Fantasia World Inc. | 6/1/2019 | 4,000 | 7.7% | ||||
7.02 | Property | 1204 Broadway | District Cowork Nomad LLC | 11/1/2019 | 17,400 | 74.4% | Pinky World Inc. | 9/1/2019 | 4,500 | 19.2% | Emily Hou | MTM | 1,500 | 6.4% | ||||
7.03 | Property | 1212 Broadway | Viral Vinus Jewelry Inc DBA Earrings Plaza | 10/31/2019 | 1,100 | 50.6% | Roader Group USA Inc | 2/1/2019 | 1,075 | 49.4% | NAP | NAP | NAP | NAP | ||||
8 | Loan | St. Luke’s Office | St. Luke’s University Health Network | 12/31/2026 | 248,770 | 43.9% | Intel | 3/12/2020 | 136,134 | 24.0% | LSI | 3/31/2025 | 104,690 | 18.5% | ||||
9 | Loan | Northridge Plaza | Dick’s Sporting Goods | 1/31/2021 | 50,000 | 23.8% | Ross | 1/31/2024 | 24,454 | 11.7% | Aldi | 7/31/2032 | 22,000 | 10.5% | ||||
10 | Loan | 449 South Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11 | Loan | Columbus Office Portfolio I | ||||||||||||||||
11.01 | Property | Atrium II | Alcatel-Lucent USA Inc. | 12/31/2018 | 90,503 | 30.8% | Hewlett Packard Enterprise Co | 7/31/2019 | 30,477 | 10.4% | Cardinal Health, Inc. | 7/31/2018 | 30,352 | 10.3% | ||||
11.02 | Property | Blazer I & II | The Sygma Network, Inc. | 12/31/2017 | 44,858 | 28.6% | Navidea Biopharmaceuticals, Inc. | 10/31/2022 | 24,710 | 15.8% | Lima Refining Company | 11/30/2021 | 14,813 | 9.4% | ||||
11.03 | Property | 5515 Parkcenter | Cardinal Health Inc. | 10/31/2019 | 99,346 | 84.9% | Sedgwick Claims Management Services | 3/31/2021 | 17,657 | 15.1% | NAP | NAP | NAP | NAP | ||||
11.04 | Property | 5555 Parkcenter | Management and Network Services | 9/30/2021 | 28,838 | 34.2% | Signature, Inc. | 11/30/2020 | 16,397 | 19.5% | ManPowerGroup US Inc | 7/31/2021 | 4,897 | 5.8% | ||||
12 | Loan | 71 Fifth Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
13 | (30) | Loan | Acropolis Garden | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
14 | Loan | Alexandria Corporate Park | GSA | 4/14/2025 | 143,454 | 55.3% | Astor Enterprises, Inc. | 6/30/2027 | 49,194 | 19.0% | CACI, Inc. | 9/30/2021 | 41,424 | 16.0% | ||||
15 | Loan | Shoppes at Harmon Square | Liquor World | 1/31/2026 | 5,408 | 17.4% | Checkers | 12/31/2025 | 2,470 | 8.0% | 7-Eleven | 6/30/2027 | 2,417 | 7.8% | ||||
16 | Loan | Garden Multifamily Portfolio | ||||||||||||||||
16.01 | Property | Carleton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.02 | Property | River Glen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.03 | Property | Tabor Ridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.04 | Property | Ridgewood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.05 | Property | Foxhaven | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.06 | Property | Hayfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.07 | Property | Laurel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.08 | Property | Wood Trail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.09 | Property | Camellia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.10 | Property | Ashgrove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.11 | Property | Slate Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.12 | Property | Forsythia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.13 | Property | Beckford | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.14 | Property | Meadowood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.15 | Property | Elmwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
17 | Loan | Hilton Garden Inn - Fort Washington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18 | Loan | East Coast Triple Net Portfolio | ||||||||||||||||
18.01 | Property | BJ’s Wholesale Club | BJ’s Wholesale Club | 1/28/2026 | 119,598 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18.02 | Property | CVS Centerville | CVS Centerville | 1/31/2030 | 9,750 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18.03 | Property | NAPA Auto | NAPA Auto Parts | 8/18/2024 | 7,974 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19 | Loan | 260-300 Boston Post Road | Fitness International, LLC | 9/30/2027 | 39,508 | 66.4% | Sleepy’s LLC | 11/30/2021 | 6,000 | 10.1% | CWY Inc | 5/31/2018 | 3,485 | 5.9% | ||||
20 | Loan | Livingston Town Center | Fan Bistro | 7/31/2026 | 5,020 | 7.7% | Anthony’s Coal Fired | 9/30/2029 | 4,544 | 7.0% | Destination Maternity | 5/31/2018 | 4,434 | 6.8% | ||||
21 | Loan | 1 Forest Parkway | LabCorp | 11/30/2018 | 78,600 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
22 | Loan | Walmart Shopping Center Moultrie | Wal-Mart | 9/9/2022 | 149,704 | 76.2% | Dollar Tree | 3/31/2020 | 7,925 | 4.0% | Hibbet Sporting Goods | 12/31/2021 | 6,560 | 3.3% | ||||
23 | Loan | Valley View I | Tangerine Global LLC | 3/14/2018 | 9,600 | 7.6% | Aqua Management Inc | 12/31/2019 | 8,382 | 6.6% | AMA Multimedia | 10/14/2018 | 7,680 | 6.1% | ||||
24 | Loan | Chamblee Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
25 | Loan | Marble Hall Gardens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
26 | Loan | Plaza 7-21 | Skechers USA Inc | 9/30/2021 | 7,899 | 11.4% | Cayuse Technologies LLC | 3/31/2023 | 6,026 | 8.7% | Landmark Title Company | 1/31/2019 | 5,716 | 8.2% | ||||
27 | Loan | Austin Multifamily Portfolio | ||||||||||||||||
27.01 | Property | Miller Square Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
27.02 | Property | 305 West Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
28 | Loan | Bell Plaza Professional Building | Tree Rings, LLC | 3/31/2020 | 9,017 | 9.1% | Colby Management, Inc. | 1/31/2020 | 7,854 | 8.0% | R & G Medical Legal Solutions | 6/30/2018 | 4,334 | 4.4% | ||||
29 | Loan | La Quinta Inns & Suites Tampa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
30 | Loan | Walgreens - WY and MO | ||||||||||||||||
30.01 | Property | Walgreens - WY | Walgreens | 10/31/2081 | 14,820 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
30.02 | Property | Walgreens - MO | Walgreens | 2/28/2082 | 14,820 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
31 | Loan | Stevens I and II | Purtle & Associates | 3/31/2021 | 9,046 | 24.1% | Schindler Elevator Corporation | 1/31/2022 | 7,440 | 19.8% | Hand Construction | 1/31/2029 | 5,345 | 14.2% | ||||
32 | Loan | Audubon Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
CSAIL 2017-C8 | |||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | |||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||
4TH LARGEST TENANT INFORMATION(20)(21)(22) | 5TH LARGEST TENANT INFORMATION(20)(21)(22) | ||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | 4th Largest Tenant | 4th Largest Tenant Lease Expiration | 4th Largest Tenant NSF | 4th Largest Tenant % of NSF | 5th Largest Tenant | 5th Largest Tenant Lease Expiration | 5th Largest Tenant NSF | 5th Largest Tenant % of NSF | ||
1 | Loan | 85 Broad Street | Vox Media | 1/31/2031 | 85,733 | 7.7% | Banco Popular | 2/28/2026 | 53,229 | 4.8% | |||
2 | Loan | 245 Park Avenue | Angelo, Gordon & Co., L.P. | 5/31/2026 | 113,405 | 6.6% | Rabobank Nederland | 9/30/2026 | 109,657 | 6.4% | |||
3 | Loan | Apple Sunnyvale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
4 | Loan | Ritz Carlton Rancho Mirage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
5 | Loan | Hotel Eastlund | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
6 | Loan | Urban Union Amazon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
7 | (29) | Loan | Broadway Portfolio | ||||||||||
7.01 | Property | 1214-1216 Broadway | LX Jewelry Inc | 2/28/2019 | 1,744 | 3.4% | Jewelry In Trend, LLC | 6/30/2019 | 1,400 | 2.7% | |||
7.02 | Property | 1204 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
7.03 | Property | 1212 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
8 | Loan | St. Luke’s Office | United Way | 12/1/2023 | 13,634 | 2.4% | Agile Datasites | 8/1/2026 | 10,575 | 1.9% | |||
9 | Loan | Northridge Plaza | Pier One | 2/29/2020 | 10,025 | 4.8% | Famous Footwear Store | 10/31/2020 | 8,507 | 4.1% | |||
10 | Loan | 449 South Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
11 | Loan | Columbus Office Portfolio I | |||||||||||
11.01 | Property | Atrium II | Exact Software North America | 10/31/2022 | 20,848 | 7.1% | Netsmart Technologies, Inc. | 5/31/2022 | 17,871 | 6.1% | |||
11.02 | Property | Blazer I & II | Principal Life Insurance Company | 4/30/2023 | 14,034 | 8.9% | Massachusetts Mutual Life Insurance | 5/31/2019 | 10,967 | 7.0% | |||
11.03 | Property | 5515 Parkcenter | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
11.04 | Property | 5555 Parkcenter | Quant U.S. Corp | 6/30/2021 | 3,387 | 4.0% | NAP | NAP | NAP | NAP | |||
12 | Loan | 71 Fifth Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
13 | (30) | Loan | Acropolis Garden | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
14 | Loan | Alexandria Corporate Park | Action Chapel Virginia, Inc. | 4/30/2018 | 22,500 | 8.7% | MJJP Construction, Inc. | 7/1/2018 | 2,700 | 1.0% | |||
15 | Loan | Shoppes at Harmon Square | Roberto’s Taco Shop | 3/31/2026 | 2,001 | 6.4% | Dunkin Donuts | 2/28/2021 | 2,000 | 6.4% | |||
16 | Loan | Garden Multifamily Portfolio | |||||||||||
16.01 | Property | Carleton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.02 | Property | River Glen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.03 | Property | Tabor Ridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.04 | Property | Ridgewood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.05 | Property | Foxhaven | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.06 | Property | Hayfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.07 | Property | Laurel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.08 | Property | Wood Trail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.09 | Property | Camellia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.10 | Property | Ashgrove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.11 | Property | Slate Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.12 | Property | Forsythia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.13 | Property | Beckford | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.14 | Property | Meadowood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.15 | Property | Elmwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
17 | Loan | Hilton Garden Inn - Fort Washington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
18 | Loan | East Coast Triple Net Portfolio | |||||||||||
18.01 | Property | BJ’s Wholesale Club | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
18.02 | Property | CVS Centerville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
18.03 | Property | NAPA Auto | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
19 | Loan | 260-300 Boston Post Road | Rlc-Rel Foods of West. dba/ KFC | 5/31/2022 | 1,760 | 3.0% | Imbue LLC d/b/a Edible | 12/31/2017 | 1,500 | 2.5% | |||
20 | Loan | Livingston Town Center | The Little Gym | 2/28/2023 | 3,871 | 6.0% | State of Israel Bonds | 1/31/2018 | 3,319 | 5.1% | |||
21 | Loan | 1 Forest Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
22 | Loan | Walmart Shopping Center Moultrie | Shoe Show | 9/30/2020 | 5,200 | 2.6% | Rue 21 | 8/31/2018 | 4,800 | 2.4% | |||
23 | Loan | Valley View I | G4 Secure Solutions | 11/30/2018 | 6,208 | 4.9% | Braun Productions | 7/31/2018 | 5,400 | 4.3% | |||
24 | Loan | Chamblee Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
25 | Loan | Marble Hall Gardens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
26 | Loan | Plaza 7-21 | Wilner & O’Reilly APLC | 1/31/2021 | 5,164 | 7.4% | Kid to Kid | MTM | 4,339 | 6.3% | |||
27 | Loan | Austin Multifamily Portfolio | |||||||||||
27.01 | Property | Miller Square Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
27.02 | Property | 305 West Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
28 | Loan | Bell Plaza Professional Building | Independent Newspaper | 7/31/2021 | 4,321 | 4.4% | Res-Care, Inc | 8/31/2019 | 3,120 | 3.2% | |||
29 | Loan | La Quinta Inns & Suites Tampa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
30 | Loan | Walgreens - WY and MO | |||||||||||
30.01 | Property | Walgreens - WY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
30.02 | Property | Walgreens - MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
31 | Loan | Stevens I and II | Dentures & Dental Services | 11/30/2019 | 4,385 | 11.7% | Doctors Lab | 4/30/2022 | 3,623 | 9.6% | |||
32 | Loan | Audubon Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
CSAIL 2017-C8 | ||||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||
MORTGAGE LOAN RESERVE INFORMATION(23)(24)(25)(26) | ||||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Upfront Replacement Reserves | Monthly Replacement Reserves | Replacement Reserve Cap | Upfront TI/LC Reserves | Monthly TI/LC Reserves | TI/LC Reserve Cap | Upfront Tax Reserves | Monthly Tax Reserves | Upfront Insurance Reserves | Monthly Insurance Reserves | Upfront Deferred Maint. Reserve | Upfront Debt Service Reserves | |
1 | Loan | 85 Broad Street | $0 | Springing | NAP | $0 | Springing | NAP | $0 | Springing | $0 | Springing | $0 | $0 | ||
2 | Loan | 245 Park Avenue | $47,738 | $47,738 | NAP | $0 | Monthly: $446,775 commencing with the payment date in May 2025 and on each payment date thereafter | NAP | $0 | $3,878,518 | $227,000 | $113,500 | $0 | $0 | ||
3 | Loan | Apple Sunnyvale | $0 | $5,538 | NAP | $0 | $0 | NAP | $0 | Springing | $0 | Springing | $18,375 | $0 | ||
4 | Loan | Ritz Carlton Rancho Mirage | $0 | Greater of (a) one-twelfth (1/12th) of three percent (3%) of gross income from operations for the property over the trailing twelve (12) month period and (b) the amount required to be deposited into the reserve as defined in the management agreement (up to 5% of gross revenues) | NAP | $0 | $0 | NAP | $0 | $119,784 | $0 | $22,159 | $6,250 | $0 | ||
5 | Loan | Hotel Eastlund | $0 | (i) April 6, 2017 to February 6, 2018, 1/12 of 2% of gross income from Operations for the property over the trailing 12 month period; (ii) March 6, 2018 to February 6, 2019, 1/12 of 3% of gross income from operations for the property over the trailing 12 month period; (iii) March 6, 2019 and thereafter, 1/12 of 4% of gross income from operations for the property over the trailing 12 month period | NAP | $0 | $0 | NAP | $142,480 | $35,620 | $91,765 | $10,196 | $0 | $0 | ||
6 | Loan | Urban Union Amazon | $0 | Monthly: $2,464.95 commencing on the 37th payment date | NAP | $7,955,593 | $0 | NAP | $247,344 | $61,836 | $54,438 | $6,805 | $0 | $0 | ||
7 | (29) | Loan | Broadway Portfolio | $0 | $980 | NAP | $0 | $6,535 | NAP | $400,000 | $102,322 | $22,738 | $4,548 | $0 | $0 | |
7.01 | Property | 1214-1216 Broadway | ||||||||||||||
7.02 | Property | 1204 Broadway | ||||||||||||||
7.03 | Property | 1212 Broadway | ||||||||||||||
8 | Loan | St. Luke’s Office | $0 | $9,444 | NAP | $800,000 | $23,750 | NAP | $214,607 | $71,536 | $101,597 | $10,160 | $0 | $0 | ||
9 | Loan | Northridge Plaza | $0 | $2,570 | NAP | $0 | $14,566 | $700,000 | $0 | $92,732 | $0 | Springing | $478,500 | $0 | ||
10 | Loan | 449 South Broadway | $0 | Monthly: $564 related to commercial space, Monthly: $1,875 related to multifamily space | $90,000 for Multifamily CapEx | $0 | $3,760 | NAP | $54,442 | $13,611 | $25,467 | Springing | $0 | $0 | ||
11 | Loan | Columbus Office Portfolio I | $0 | $10,860 | NAP | $2,000,000 | $48,870 | $3,000,000 | $1,597,266 | $191,499 | $71,885 | Springing | $33,500 | $0 | ||
11.01 | Property | Atrium II | ||||||||||||||
11.02 | Property | Blazer I & II | ||||||||||||||
11.03 | Property | 5515 Parkcenter | ||||||||||||||
11.04 | Property | 5555 Parkcenter | ||||||||||||||
12 | Loan | 71 Fifth Ave | $0 | $0 | NAP | $0 | $0 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | ||
13 | (30) | Loan | Acropolis Garden | $0 | $13,596 | NAP | $0 | $0 | NAP | $295,949 | $147,974 | $63,643 | $31,821 | $322,500 | $0 | |
14 | Loan | Alexandria Corporate Park | $0 | $3,457 | NAP | $0 | $27,008 | NAP | $297,821 | $42,546 | $11,398 | $5,699 | $159,531 | $0 | ||
15 | Loan | Shoppes at Harmon Square | $27,187 | $388 | NAP | $250,000 | $3,621 | NAP | $16,621 | $3,324 | $31,655 | $3,957 | $13,625 | $0 | ||
16 | Loan | Garden Multifamily Portfolio | $0 | $29,800 | NAP | $0 | $0 | NAP | $263,448 | $75,271 | $210,417 | $21,042 | $987,776 | $0 | ||
16.01 | Property | Carleton | ||||||||||||||
16.02 | Property | River Glen | ||||||||||||||
16.03 | Property | Tabor Ridge | ||||||||||||||
16.04 | Property | Ridgewood | ||||||||||||||
16.05 | Property | Foxhaven | ||||||||||||||
16.06 | Property | Hayfield | ||||||||||||||
16.07 | Property | Laurel | ||||||||||||||
16.08 | Property | Wood Trail | ||||||||||||||
16.09 | Property | Camellia | ||||||||||||||
16.10 | Property | Ashgrove | ||||||||||||||
16.11 | Property | Slate Run | ||||||||||||||
16.12 | Property | Forsythia | ||||||||||||||
16.13 | Property | Beckford | ||||||||||||||
16.14 | Property | Meadowood | ||||||||||||||
16.15 | Property | Elmwood | ||||||||||||||
17 | Loan | Hilton Garden Inn - Fort Washington | $20,705 | Greater of 1/12 of 4% times the annual rents and profits for the prior 12 month period and monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E but excluding amounts attributable to a PIP | NAP | $0 | $0 | NAP | $125,627 | $19,445 | $38,286 | $10,704 | $0 | $0 | ||
18 | Loan | East Coast Triple Net Portfolio | $0 | $1,717 | NAP | $0 | $5,722 | NAP | $2,774 | $1,387 | $8,108 | $2,027 | $8,250 | $0 | ||
18.01 | Property | BJ’s Wholesale Club | ||||||||||||||
18.02 | Property | CVS Centerville | ||||||||||||||
18.03 | Property | NAPA Auto | ||||||||||||||
19 | Loan | 260-300 Boston Post Road | $0 | $1,191 | NAP | $0 | $4,961 | $150,000 | $105,320 | $17,859 | $5,132 | Springing | $9,625 | $0 | ||
20 | Loan | Livingston Town Center | $0 | $813 | $39,033 | $240,431 | $5,421 | $260,216 | $33,333 | $33,333 | $23,032 | Springing | $11,925 | $0 | ||
21 | Loan | 1 Forest Parkway | $0 | $1,376 | NAP | $0 | $0 | NAP | $56,175 | $11,235 | $14,093 | $2,349 | $16,563 | $0 | ||
22 | Loan | Walmart Shopping Center Moultrie | $0 | $2,457 | NAP | $284,600 | $8,191 | NAP | $8,440 | $2,110 | $24,657 | $2,055 | $0 | $0 | ||
23 | Loan | Valley View I | $0 | $2,115 | NAP | $275,000 | $7,930 | $275,000 | $18,095 | $6,032 | $15,633 | $2,233 | $0 | $0 | ||
24 | Loan | Chamblee Heights | $200,000 | $3,542 | NAP | $0 | $0 | NAP | $79,697 | $13,283 | $35,631 | $3,563 | $0 | $0 | ||
25 | Loan | Marble Hall Gardens | $0 | $9,263 | NAP | $0 | $364 | NAP | $524,479 | $52,804 | $12,228 | $12,228 | $57,500 | $0 | ||
26 | Loan | Plaza 7-21 | $0 | $1,676 | NAP | $0 | $11,557 | $500,000 | $69,412 | $13,882 | $8,286 | $1,184 | $30,000 | $0 | ||
27 | Loan | Austin Multifamily Portfolio | $65,484 | $1,730 | NAP | $0 | $0 | NAP | $96,428 | $16,071 | $6,899 | Springing | $33,100 | $0 | ||
27.01 | Property | Miller Square Apartments | ||||||||||||||
27.02 | Property | 305 West Place | ||||||||||||||
28 | Loan | Bell Plaza Professional Building | $0 | $1,644 | NAP | $100,000 | $8,218 | NAP | $41,400 | $8,280 | $4,579 | $1,526 | $26,775 | $0 | ||
29 | Loan | La Quinta Inns & Suites Tampa | $0 | 1/12 of 4.0% of the greater of (i) gross revenues for the Property in the preceding calendar year or (ii) the projected gross revenues for the Property for the current calendar year according to the most recently submitted annual budget. | NAP | $0 | $0 | NAP | $39,741 | $4,968 | $16,938 | $3,388 | $7,462 | $0 | ||
30 | Loan | Walgreens - WY and MO | $0 | Springing | NAP | $0 | Springing | NAP | $0 | Springing | $0 | Springing | $0 | $0 | ||
30.01 | Property | Walgreens - WY | ||||||||||||||
30.02 | Property | Walgreens - MO | ||||||||||||||
31 | Loan | Stevens I and II | $0 | $626 | $30,000 | $0 | $3,131 | $150,000 | $25,133 | $8,378 | $9,891 | $780 | $0 | $0 | ||
32 | Loan | Audubon Village | $250,000 | $3,037 | NAP | $0 | $0 | NAP | $19,526 | $3,254 | $22,147 | $7,382 | $0 | $0 |
CSAIL 2017-C8 | |||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | |||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Monthly Debt Service Reserves | Upfront Environmental Reserves | Initial Other Reserves | Initial Other Reserves Description | Ongoing Other Reserves | Ongoing Other Reserves Description | Other Reserves Cap | Holdback | Holdback Amount | Holdback Description | Letter of Credit(26) | Letter of Credit Description(26) |
1 | Loan | 85 Broad Street | $0 | $0 | $8,741,590 | Upfront Unfunded Lease Obligations Reserve ($8,170,739); Upfront Free Rent Reserve ($570,850) | Springing | Primary Tenant Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a Primary Tenant Sweep Period. | NAP | No | NAP | NAP | No | NAP | |
2 | Loan | 245 Park Avenue | $0 | $0 | $11,431,608 | Outstanding Rollover Reserve ($10,298,441); Free Rent Reserve ($1,133,167) | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
3 | Loan | Apple Sunnyvale | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
4 | Loan | Ritz Carlton Rancho Mirage | $0 | $625 | $750,000 | Seasonality Reserve | Springing | After the occurrence of the Seasonality Deposit Trigger, on each Payment Date occurring in January, February, March, April, May and October, November and December, Borrower shall pay to Lender the Monthly Seasonality Deposit ($129,119) for deposit into the Seasonality Reserve Account | $750,000 | No | NAP | NAP | No | NAP | |
5 | Loan | Hotel Eastlund | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
6 | Loan | Urban Union Amazon | $0 | $0 | $100,144 | Retail Tenant Reserve | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
7 | (29) | Loan | Broadway Portfolio | $0 | $0 | $294,208 | Free Rent Reserve | $0 | NAP | NAP | Yes | $5,000,000 | Earnout Reserve | No | NAP |
7.01 | Property | 1214-1216 Broadway | |||||||||||||
7.02 | Property | 1204 Broadway | |||||||||||||
7.03 | Property | 1212 Broadway | |||||||||||||
8 | Loan | St. Luke’s Office | $0 | $0 | $136,780 | Free Rent Reserve | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
9 | Loan | Northridge Plaza | $0 | $0 | $400,426 | Gap Rent Reserve ($400,426); Aldi Reserve ($4,500,000) | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a Cash Sweep Period that exists solely due to a Specified Tenant Sweep Period. | NAP | No | NAP | NAP | Yes | Letter of Credit in the amount of $4,500,000 relating to the Aldi Reserve | |
10 | Loan | 449 South Broadway | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
11 | Loan | Columbus Office Portfolio I | $0 | $0 | $536,395 | Free Rent Reserve: ($247,905); Unfunded Obligations Reserve: ($182,568); Prepaid Rent Reserve ($105,922) | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
11.01 | Property | Atrium II | |||||||||||||
11.02 | Property | Blazer I & II | |||||||||||||
11.03 | Property | 5515 Parkcenter | |||||||||||||
11.04 | Property | 5555 Parkcenter | |||||||||||||
12 | Loan | 71 Fifth Ave | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
13 | (30) | Loan | Acropolis Garden | $0 | $0 | $1,651,824 | Common Charges Reserve | Springing | Common Charge Reserve: Borrower shall deposit an amount equal to the Common Charges that will be payable for the month in which such Payment Date occurs. | NAP | No | NAP | NAP | No | NAP |
14 | Loan | Alexandria Corporate Park | $0 | $0 | $962,908 | Astor Furnace TI Funds ($338,548); Unfunded Obligations Reserve ($249,360); Gap Rent Reserve ($375,000) | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
15 | Loan | Shoppes at Harmon Square | $0 | $0 | $474,002 | Tenant Specific TI/LC: ($412,652); Free Rent Reserve: ($61,350) | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
16 | Loan | Garden Multifamily Portfolio | $0 | $78,375 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
16.01 | Property | Carleton | |||||||||||||
16.02 | Property | River Glen | |||||||||||||
16.03 | Property | Tabor Ridge | |||||||||||||
16.04 | Property | Ridgewood | |||||||||||||
16.05 | Property | Foxhaven | |||||||||||||
16.06 | Property | Hayfield | |||||||||||||
16.07 | Property | Laurel | |||||||||||||
16.08 | Property | Wood Trail | |||||||||||||
16.09 | Property | Camellia | |||||||||||||
16.10 | Property | Ashgrove | |||||||||||||
16.11 | Property | Slate Run | |||||||||||||
16.12 | Property | Forsythia | |||||||||||||
16.13 | Property | Beckford | |||||||||||||
16.14 | Property | Meadowood | |||||||||||||
16.15 | Property | Elmwood | |||||||||||||
17 | Loan | Hilton Garden Inn - Fort Washington | $0 | $0 | $946,250 | Seasonality Reserve ($46,250); PIP Reserve ($900,000) | Springing | Seasonality Reserve: For the first three monthly payments an amount of $46,250 until the cap is met. After the initial cap is met the Seasonality Reserve monthly deposit will be the lesser of (x) $46,250 or (y) all excess cash flow. PIP Reserve: Commencing on the Payment Date in April of 2019 and continuing thereafter on each monthly Payment Date through September of 2019, Borrower pay to the Lender on a monthly basis an amount equal to the lesser of (i) one-sixth (1/6th) of the difference of (A) the costs and expenses due under the PIP for PIP Repairs in the third (3rd) year following the closing of the Loan, minus (B) the amounts on deposit or available in the Replacement Reserve on the date of such calculation, and (ii) all Excess Cash Flow | $185,000 (Seasonality Reserve) | No | NAP | NAP | No | NAP | |
18 | Loan | East Coast Triple Net Portfolio | $0 | $0 | $0 | NAP | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
18.01 | Property | BJ’s Wholesale Club | |||||||||||||
18.02 | Property | CVS Centerville | |||||||||||||
18.03 | Property | NAPA Auto | |||||||||||||
19 | Loan | 260-300 Boston Post Road | $0 | $0 | $0 | NAP | Springing | Primary Tenant Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a Primary Tenant Sweep Period. | NAP | No | NAP | NAP | No | NAP | |
20 | Loan | Livingston Town Center | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
21 | Loan | 1 Forest Parkway | $0 | $0 | $581,313 | Fee Rent Reserve | Springing | Primary Tenant Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a Primary Tenant Sweep Period. | NAP | No | NAP | NAP | No | NAP | |
22 | Loan | Walmart Shopping Center Moultrie | $0 | $0 | $0 | NAP | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
23 | Loan | Valley View I | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
24 | Loan | Chamblee Heights | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
25 | Loan | Marble Hall Gardens | $0 | $0 | $1,000,000 | Morgan State Renovation Reserve | Springing | Master Tenant Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a Master Tenant Sweep Period. | NAP | No | NAP | NAP | No | NAP | |
26 | Loan | Plaza 7-21 | $0 | $0 | $0 | Lease Termination Payment Reserve | Springing | Lease termination payment reserve springing upon receipt of a lease termination payment | NAP | No | NAP | NAP | No | NAP | |
27 | Loan | Austin Multifamily Portfolio | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
27.01 | Property | Miller Square Apartments | |||||||||||||
27.02 | Property | 305 West Place | |||||||||||||
28 | Loan | Bell Plaza Professional Building | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP | |
29 | Loan | La Quinta Inns & Suites Tampa | $0 | $0 | $38,864 | Seasonality Reserve | Springing | Seasonality Reserve: On each monthly payment date in January, February and March an amount equal to $12,955. PIP Reserve: On the date when a new PIP is imposed an amount equal to 125% of the sum required to pay for such new PIP. | $38,864 | No | NAP | NAP | No | NAP | |
30 | Loan | Walgreens - WY and MO | $0 | $0 | $0 | NAP | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
30.01 | Property | Walgreens - WY | |||||||||||||
30.02 | Property | Walgreens - MO | |||||||||||||
31 | Loan | Stevens I and II | $0 | $0 | $0 | NAP | Springing | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
32 | Loan | Audubon Village | $0 | $0 | $0 | NAP | $0 | NAP | NAP | No | NAP | NAP | No | NAP |
CSAIL 2017-C8 | ||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||
THIRD PARTY REPORTS | ADDITIONAL PERMITTED DEBT(28) | |||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Appraisal Report Date | Environmental Phase I Report Date | Phase II Performed(27) | Engineering Report Date | Seismic Zone (Y/N) | Seismic Report Date | PML % | Additional Future Debt Permitted | Additional Future Debt Permitted Description | ||
1 | Loan | 85 Broad Street | 4/30/2017 | 5/16/2017 | No | 5/22/2017 | Y | NAP | NAP | Yes | Mezzanine debt permitted subject to the following conditions, among others, (i) LTV <= 55.0%; (ii) DSCR >= 1.75x; (iii) DY >= 6.6%; (iv) Intercreditor agreement; and (v) Rating Agency Confirmation | |||
2 | Loan | 245 Park Avenue | 4/1/2017 | 4/19/2017 | No | 4/20/2017 | Y | NAP | NAP | No | NAP | |||
3 | Loan | Apple Sunnyvale | 1/13/2017 | 12/21/2016 | No | 12/20/2016 | Y | 1/23/2017 | 12.0% | No | NAP | |||
4 | Loan | Ritz Carlton Rancho Mirage | 1/31/2017 | 2/2/2017 | No | 2/1/2017 | Y | 2/1/2017 | 11.0% | No | NAP | |||
5 | Loan | Hotel Eastlund | 1/17/2017 | 1/23/2017 | No | 1/23/2017 | Y | 1/23/2017 | 18.0% | Yes | Mezzanine debt permitted in connection with any transfer of the property subject to the following conditions, among others, (i) LTV<=61.2%; (ii) DSCR>=1.64x; (iii) DY>=10.31%; (iv) Intercreditor agreement; and (v) Rating Agency Confirmation | |||
6 | Loan | Urban Union Amazon | 1/11/2017 | 12/9/2016 | No | 12/12/2016 | Y | 12/2/2016 | 9.0% | No | NAP | |||
7 | (29) | Loan | Broadway Portfolio | 8/25/2016 | 9/6/2016 | No | 9/6/2016 | Y | NAP | NAP | No | NAP | ||
7.01 | Property | 1214-1216 Broadway | 8/25/2016 | 9/6/2016 | No | 9/6/2016 | Y | NAP | NAP | |||||
7.02 | Property | 1204 Broadway | 8/25/2016 | 9/6/2016 | No | 9/6/2016 | Y | NAP | NAP | |||||
7.03 | Property | 1212 Broadway | 8/25/2016 | 9/6/2016 | No | 9/6/2016 | Y | NAP | NAP | |||||
8 | Loan | St. Luke’s Office | 12/5/2016 | 12/21/2016 | No | 12/21/2016 | Y | NAP | NAP | No | NAP | |||
9 | Loan | Northridge Plaza | 2/14/2017 | 2/24/2017 | No | 2/24/2017 | Y | NAP | NAP | No | NAP | |||
10 | Loan | 449 South Broadway | 4/18/2017 | 4/12/2017 | No | 4/12/2017 | Y | 4/13/2017 | 17.0% | No | NAP | |||
11 | Loan | Columbus Office Portfolio I | Various | 12/13/2016 | No | 12/13/2016 | Y | NAP | NAP | No | NAP | |||
11.01 | Property | Atrium II | 11/29/2016 | 12/13/2016 | No | 12/13/2016 | Y | NAP | NAP | |||||
11.02 | Property | Blazer I & II | 11/29/2016 | 12/13/2016 | No | 12/13/2016 | Y | NAP | NAP | |||||
11.03 | Property | 5515 Parkcenter | 12/2/2016 | 12/13/2016 | No | 12/13/2016 | Y | NAP | NAP | |||||
11.04 | Property | 5555 Parkcenter | 11/29/2016 | 12/13/2016 | No | 12/13/2016 | Y | NAP | NAP | |||||
12 | Loan | 71 Fifth Ave | 2/1/2017 | 1/24/2017 | No | 1/24/2017 | Y | NAP | NAP | No | NAP | |||
13 | (30) | Loan | Acropolis Garden | 2/16/2017 | 2/23/2017 | No | 2/22/2017 | Y | NAP | NAP | No | NAP | ||
14 | Loan | Alexandria Corporate Park | 1/19/2017 | 1/27/2017 | No | 1/27/2017 | Y | NAP | NAP | No | NAP | |||
15 | Loan | Shoppes at Harmon Square | 3/22/2017 | 1/4/2017 | No | 1/4/2017 | Y | NAP | NAP | No | NAP | |||
16 | Loan | Garden Multifamily Portfolio | Various | Various | No | Various | Y | NAP | NAP | No | NAP | |||
16.01 | Property | Carleton | 2/9/2017 | 2/23/2017 | No | 2/23/2017 | Y | NAP | NAP | |||||
16.02 | Property | River Glen | 2/3/2017 | 2/23/2017 | No | 2/22/2017 | Y | NAP | NAP | |||||
16.03 | Property | Tabor Ridge | 2/8/2017 | 2/23/2017 | No | 2/23/2017 | Y | NAP | NAP | |||||
16.04 | Property | Ridgewood | 2/9/2017 | 2/15/2017 | No | 2/22/2017 | Y | NAP | NAP | |||||
16.05 | Property | Foxhaven | 2/8/2017 | 2/23/2017 | No | 2/22/2017 | Y | NAP | NAP | |||||
16.06 | Property | Hayfield | 2/7/2017 | 2/23/2017 | No | 5/4/2017 | Y | NAP | NAP | |||||
16.07 | Property | Laurel | 2/9/2017 | 2/15/2017 | No | 2/22/2017 | Y | NAP | NAP | |||||
16.08 | Property | Wood Trail | 2/9/2017 | 2/23/2017 | No | 2/22/2017 | Y | NAP | NAP | |||||
16.09 | Property | Camellia | 2/3/2017 | 2/23/2017 | No | 5/10/2017 | Y | NAP | NAP | |||||
16.10 | Property | Ashgrove | 2/7/2017 | 2/23/2017 | No | 2/16/2017 | Y | NAP | NAP | |||||
16.11 | Property | Slate Run | 2/8/2017 | 2/23/2017 | No | 2/23/2017 | Y | NAP | NAP | |||||
16.12 | Property | Forsythia | 2/3/2017 | 2/23/2017 | No | 2/21/2017 | Y | NAP | NAP | |||||
16.13 | Property | Beckford | 2/8/2017 | 2/23/2017 | No | 2/16/2017 | Y | NAP | NAP | |||||
16.14 | Property | Meadowood | 2/9/2017 | 2/14/2017 | No | 2/22/2017 | Y | NAP | NAP | |||||
16.15 | Property | Elmwood | 2/9/2017 | 2/23/2017 | No | 2/16/2017 | Y | NAP | NAP | |||||
17 | Loan | Hilton Garden Inn - Fort Washington | 4/3/2017 | 4/14/2017 | No | 4/17/2017 | Y | NAP | NAP | No | NAP | |||
18 | Loan | East Coast Triple Net Portfolio | Various | Various | No | Various | Y | NAP | NAP | No | NAP | |||
18.01 | Property | BJ’s Wholesale Club | 4/24/2017 | 9/21/2016 | No | 9/21/2016 | Y | NAP | NAP | |||||
18.02 | Property | CVS Centerville | 4/25/2017 | 9/21/2016 | No | 9/21/2016 | Y | NAP | NAP | |||||
18.03 | Property | NAPA Auto | 4/24/2017 | 10/27/2016 | No | 10/27/2016 | Y | NAP | NAP | |||||
19 | Loan | 260-300 Boston Post Road | 3/23/2017 | 3/31/2017 | No | 4/7/2017 | Y | NAP | NAP | No | NAP | |||
20 | Loan | Livingston Town Center | 2/12/2017 | 2/23/2017 | No | 2/16/2017 | Y | NAP | NAP | No | NAP | |||
21 | Loan | 1 Forest Parkway | 10/1/2017 | 4/7/2017 | No | 4/10/2017 | Y | NAP | NAP | No | NAP | |||
22 | Loan | Walmart Shopping Center Moultrie | 11/16/2016 | 11/21/2016 | No | 11/21/2016 | Y | NAP | NAP | No | NAP | |||
23 | Loan | Valley View I | 10/19/2016 | 10/27/2016 | No | 12/6/2016 | Y | NAP | NAP | No | NAP | |||
24 | Loan | Chamblee Heights | 2/20/2017 | 3/2/2017 | No | 2/27/2017 | Y | NAP | NAP | No | NAP | |||
25 | Loan | Marble Hall Gardens | 3/6/2017 | 3/15/2017 | No | 2/8/2017 | Y | NAP | NAP | No | NAP | |||
26 | Loan | Plaza 7-21 | 2/7/2017 | 2/22/2017 | No | 2/22/2017 | Y | 2/21/2017 | 13.0% | No | NAP | |||
27 | Loan | Austin Multifamily Portfolio | 3/24/2017 | 4/5/2017 | No | 4/5/2017 | Y | NAP | NAP | No | NAP | |||
27.01 | Property | Miller Square Apartments | 3/24/2017 | 4/5/2017 | No | 4/5/2017 | Y | NAP | NAP | |||||
27.02 | Property | 305 West Place | 3/24/2017 | 4/5/2017 | No | 4/5/2017 | Y | NAP | NAP | |||||
28 | Loan | Bell Plaza Professional Building | 10/28/2016 | 12/6/2016 | No | 12/6/2016 | Y | NAP | NAP | No | NAP | |||
29 | Loan | La Quinta Inns & Suites Tampa | 4/7/2017 | 4/17/2017 | No | 4/17/2017 | Y | NAP | NAP | No | NAP | |||
30 | Loan | Walgreens - WY and MO | Various | 2/7/2017 | No | Various | Y | NAP | NAP | No | NAP | |||
30.01 | Property | Walgreens - WY | 2/2/2017 | 2/7/2017 | No | 2/8/2017 | Y | NAP | NAP | |||||
30.02 | Property | Walgreens - MO | 1/23/2017 | 2/7/2017 | No | 2/7/2017 | Y | NAP | NAP | |||||
31 | Loan | Stevens I and II | 10/25/2016 | 10/28/2016 | No | 10/28/2016 | Y | NAP | NAP | No | NAP | |||
32 | Loan | Audubon Village | 3/21/2017 | 3/31/2017 | No | 3/31/2017 | Y | NAP | NAP | No | NAP |
CSAIL 2017-C8 | ||||||||||||||
ANNEX A-1 – CERTAIN CHARACTERISTICS | ||||||||||||||
OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||
TOTAL MORTGAGE DEBT INFORMATION | TOTAL DEBT INFORMATION | |||||||||||||
Loan ID | Footnotes | Property Flag | Property Name | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | ||
1 | Loan | 85 Broad Street | $169,000,000 | $189,600,000 | 55.0% | 1.75x | 7.2% | 55.0% | 1.75x | 7.2% | ||||
2 | Loan | 245 Park Avenue | $1,080,000,000 | $120,000,000 | 80.0% | 1.42x | 6.5% | $568,000,000 | 80.0% | 1.42x | 6.5% | |||
3 | Loan | Apple Sunnyvale | $104,350,000 | $81,890,000 | 79.6% | 1.32x | 6.6% | $46,320,000 | 79.6% | 1.32x | 6.6% | |||
4 | Loan | Ritz Carlton Rancho Mirage | NAP | 58.2% | 1.81x | 13.4% | 58.2% | 1.81x | 13.4% | |||||
5 | Loan | Hotel Eastlund | NAP | 59.8% | 1.74x | 12.1% | 59.8% | 1.74x | 12.1% | |||||
6 | Loan | Urban Union Amazon | $62,231,428 | $86,975,933 | 85.0% | 1.03x | 5.1% | $79,392,011 | 85.0% | 1.03x | 5.1% | |||
7 | (29) | Loan | Broadway Portfolio | $58,000,000 | 59.8% | 1.59x | 7.6% | 59.8% | 1.59x | 7.6% | ||||
7.01 | Property | 1214-1216 Broadway | 59.8% | 1.59x | 7.6% | 59.8% | 1.59x | 7.6% | ||||||
7.02 | Property | 1204 Broadway | 59.8% | 1.59x | 7.6% | 59.8% | 1.59x | 7.6% | ||||||
7.03 | Property | 1212 Broadway | 59.8% | 1.59x | 7.6% | 59.8% | 1.59x | 7.6% | ||||||
8 | Loan | St. Luke’s Office | $51,000,000 | 70.7% | 1.12x | 9.3% | $14,000,000 | 70.7% | 1.12x | 9.3% | ||||
9 | Loan | Northridge Plaza | NAP | 64.9% | 1.38x | 9.3% | 64.9% | 1.38x | 9.3% | |||||
10 | Loan | 449 South Broadway | NAP | 64.1% | 1.70x | 7.9% | 64.1% | 1.70x | 7.9% | |||||
11 | Loan | Columbus Office Portfolio I | $45,300,000 | 69.9% | 1.61x | 12.1% | 69.9% | 1.61x | 12.1% | |||||
11.01 | Property | Atrium II | 69.9% | 1.61x | 12.1% | 69.9% | 1.61x | 12.1% | ||||||
11.02 | Property | Blazer I & II | 69.9% | 1.61x | 12.1% | 69.9% | 1.61x | 12.1% | ||||||
11.03 | Property | 5515 Parkcenter | 69.9% | 1.61x | 12.1% | 69.9% | 1.61x | 12.1% | ||||||
11.04 | Property | 5555 Parkcenter | 69.9% | 1.61x | 12.1% | 69.9% | 1.61x | 12.1% | ||||||
12 | Loan | 71 Fifth Ave | NAP | 19.2% | 3.74x | 14.7% | 19.2% | 3.74x | 14.7% | |||||
13 | (30) | Loan | Acropolis Garden | $45,000,000 | 25.4% | 5.31x | 20.4% | 25.4% | 5.31x | 20.4% | ||||
14 | Loan | Alexandria Corporate Park | $34,500,000 | 65.1% | 1.32x | 10.5% | 65.1% | 1.32x | 10.5% | |||||
15 | Loan | Shoppes at Harmon Square | NAP | 59.6% | 1.45x | 9.6% | 59.6% | 1.45x | 9.6% | |||||
16 | Loan | Garden Multifamily Portfolio | $57,500,000 | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | |||||
16.01 | Property | Carleton | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.02 | Property | River Glen | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.03 | Property | Tabor Ridge | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.04 | Property | Ridgewood | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.05 | Property | Foxhaven | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.06 | Property | Hayfield | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.07 | Property | Laurel | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.08 | Property | Wood Trail | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.09 | Property | Camellia | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.10 | Property | Ashgrove | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.11 | Property | Slate Run | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.12 | Property | Forsythia | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.13 | Property | Beckford | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.14 | Property | Meadowood | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
16.15 | Property | Elmwood | 71.7% | 1.37x | 9.4% | 71.7% | 1.37x | 9.4% | ||||||
17 | Loan | Hilton Garden Inn - Fort Washington | NAP | 68.3% | 1.49x | 12.0% | 68.3% | 1.49x | 12.0% | |||||
18 | Loan | East Coast Triple Net Portfolio | NAP | 56.3% | 1.50x | 10.1% | 56.3% | 1.50x | 10.1% | |||||
18.01 | Property | BJ’s Wholesale Club | 56.3% | 1.50x | 10.1% | 56.3% | 1.50x | 10.1% | ||||||
18.02 | Property | CVS Centerville | 56.3% | 1.50x | 10.1% | 56.3% | 1.50x | 10.1% | ||||||
18.03 | Property | NAPA Auto | 56.3% | 1.50x | 10.1% | 56.3% | 1.50x | 10.1% | ||||||
19 | Loan | 260-300 Boston Post Road | NAP | 57.3% | 2.22x | 10.2% | 57.3% | 2.22x | 10.2% | |||||
20 | Loan | Livingston Town Center | NAP | 60.7% | 1.64x | 10.3% | 60.7% | 1.64x | 10.3% | |||||
21 | Loan | 1 Forest Parkway | NAP | 64.7% | 1.41x | 9.0% | 64.7% | 1.41x | 9.0% | |||||
22 | Loan | Walmart Shopping Center Moultrie | NAP | 71.6% | 1.21x | 9.3% | 71.6% | 1.21x | 9.3% | |||||
23 | Loan | Valley View I | NAP | 69.5% | 1.56x | 11.3% | 69.5% | 1.56x | 11.3% | |||||
24 | Loan | Chamblee Heights | NAP | 61.7% | 1.47x | 9.7% | 61.7% | 1.47x | 9.7% | |||||
25 | Loan | Marble Hall Gardens | $21,500,000 | 68.5% | 1.74x | 11.8% | 68.5% | 1.74x | 11.8% | |||||
26 | Loan | Plaza 7-21 | NAP | 67.0% | 1.30x | 10.1% | 67.0% | 1.30x | 10.1% | |||||
27 | Loan | Austin Multifamily Portfolio | NAP | 65.3% | 1.25x | 8.2% | 65.3% | 1.25x | 8.2% | |||||
27.01 | Property | Miller Square Apartments | 65.3% | 1.25x | 8.2% | 65.3% | 1.25x | 8.2% | ||||||
27.02 | Property | 305 West Place | 65.3% | 1.25x | 8.2% | 65.3% | 1.25x | 8.2% | ||||||
28 | Loan | Bell Plaza Professional Building | NAP | 65.0% | 1.39x | 11.6% | 65.0% | 1.39x | 11.6% | |||||
29 | Loan | La Quinta Inns & Suites Tampa | NAP | 64.1% | 1.92x | 16.0% | 64.1% | 1.92x | 16.0% | |||||
30 | Loan | Walgreens - WY and MO | NAP | 63.3% | 1.86x | 9.6% | 63.3% | 1.86x | 9.6% | |||||
30.01 | Property | Walgreens - WY | 63.3% | 1.86x | 9.6% | 63.3% | 1.86x | 9.6% | ||||||
30.02 | Property | Walgreens - MO | 63.3% | 1.86x | 9.6% | 63.3% | 1.86x | 9.6% | ||||||
31 | Loan | Stevens I and II | NAP | 68.9% | 1.36x | 10.1% | 68.9% | 1.36x | 10.1% | |||||
32 | Loan | Audubon Village | NAP | 53.2% | 1.86x | 12.4% | 53.2% | 1.86x | 12.4% |
CSAIL 2017-C8 | |
FOOTNOTES TO ANNEX A | |
(1) | “Natixis” denotes Natixis Real Estate Capital LLC as Mortgage Loan Seller, “Column” denotes Column Financial, Inc., “BSP” denotes Benefit Street Partners CRE Finance LLC as Mortgage Loan Seller. |
With regards to Loan No. 1, 85 Broad Street, the 85 Broad Street Whole Loan (as defined below) was originated by Natixis Real Estate Capital LLC and is expected to be sold into the CSAIL 2017-C8 securitization trust by Column and Natixis. | |
With regards to Loan No. 27, Austin Multifamily Portfolio, the Austin Multifamily Portfolio mortgage loan was originated by Regions Bank and is expected to be sold into the CSAIL 2017-C8 securitization trust by Column. | |
(2) | At least one of Moody’s, Fitch, DBRS or KBRA have indicated that the credit characteristics of each of Loan Nos. 1, 2, 3, 6, 12 and 13, in the context of their inclusion in the Initial Pool Balance, are consistent with an investment grade obligation. |
(3) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance, Cut-off Date 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. |
(4) | With regards to Loan No. 1, 85 Broad Street, the mortgage loan is part of a $358.6 million whole loan (the “85 Broad Street Whole Loan”), which is comprised of three pari passu component notes (Note A-A-1, Note A-A-2, and Note A-A-3) and three subordinate companion loans (Note A-B, Note B-A and Note B-B). Note A-A-1 and Note A-A-2 (collectively, the “85 Broad Street Loan”), which have an aggregate outstanding principal balance as of the cut-off date of approximately $90.0 million, are expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-B, which has an outstanding principal balance as of the cut-off date of approximately $72.0 million, is also expected to be contributed to CSAIL 2017-C8 Commercial Mortgage Trust, as the collateral of the 85 Broad Street Loan Specific Certificates. Note A-A-3, Note B-A and Note B-B, which have an aggregate outstanding principal balance as of the cut-off date of approximately $196.6 million, are held by Natixis. All loan level metrics are based on the $169.0 million senior portion of the 85 Broad Street Whole Loan. |
With regards to Loan No. 2, 245 Park Avenue, the mortgage loan is part of a $1.2 billion whole loan (the “245 Park Avenue Whole Loan”), which is comprised of 20 pari passu component notes (Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note A-2-A-1, Note A-2-A-2, Note A-2-A-3, Note A-2-A-4, Note A-2-B-1, Note A-2-B-2, Note A-2-B-3, Note A-2-C-1-A, Note A-2-C-1-B, Note A-2-C-2, Note A-2-D-1, Note A-2-D-2, Note A-2-D-3, Note A-2-E-1 and Note A-2-E-2) and five subordinate companion loans (Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5). Note A-2-B-1 (the “245 Park Avenue Loan”), which has an outstanding principal balance as of the cut-off date of approximately $80.0 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5 have an aggregate outstanding principal balance as of the cut-off date of approximately $500.0 million and were contributed to the 245 Park Avenue Trust 2017-245P. Note A-2-A-1 has an outstanding principal balance as of the cut-off date of approximately $98.0 million and was contributed to the JPMCC Commercial Mortgage Trust 2017-JP6. Note A-2-A-2 and Note A-2-C-1-A have an outstanding principal balance as of the cut-off date of approximately $93.0 million and are expected to be contributed to the DBJPM 2017-C6 Mortgage Trust. Note A-2-A-3, Note A-2-A-4, Note A-2-B-2, Note A-2-B-3, Note A-2-C-1-B, Note A-2-C-2, Note A-2-D-1, Note A-2-D-2, Note A-2-D-3, Note A-2-E-1 and Note A-2-E-2 have a total outstanding balance as of cut-off date of approximately $429.0 million and are held by JPMorgan Chase Bank, National Association, Natixis, Deutsche Bank AG, New York Branch, Société Générale and Barclays Bank PLC. All loan level metrics are based on the $1,080.0 million senior portion of the 245 Park Avenue Whole Loan. | |
With regards to Loan No. 3, Apple Sunnyvale, the mortgage loan is part of a $186.24 million whole loan (the “Apple Sunnyvale Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2) and one subordinate companion loan (Note B). Note A-1 (the “Apple Sunnyvale Loan”), which has an outstanding principal balance as of the cut-off date of approximately $70.35 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of approximately $34.0 million and was contributed to the UBS Commercial Mortgage Trust 2017-C1. Note B has an outstanding principal balance as of the cut-off date of approximately $81.89 million and was sold to an unaffiliated third party investor. All loan level metrics are based on the $104.35 million senior portion of the Apple Sunnyvale Whole Loan. | |
With regards to Loan No. 6, Urban Union Amazon, the mortgage loan is part of an approximately $149.21 million whole loan (the “Urban Union Amazon Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2) and one subordinate companion loan (Note B). Note A-1 (the “Urban Union Amazon Loan”), which has an outstanding principal balance as of the cut-off date of approximately $38.23 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of approximately $24.0 million and was contributed to the CGCMT 2017-P7 Trust. Note B has an outstanding principal balance as of the cut-off date of approximately $86.98 million and was sold to an unaffiliated third party investor. All loan level metrics are based on the $62.23 million senior portion of the Urban Union Amazon Whole Loan. | |
With regards to Loan No. 7, Broadway Portfolio, the mortgage loan is part of a $58.0 million whole loan (the “Broadway Portfolio Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A- 1 (the “Broadway Portfolio Loan”), which has an outstanding principal balance as of the cut-off date of approximately $38.0 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of approximately $20.0 million and was contributed to the CGCMT 2017-P7 Trust. All loan level metrics are based on the Broadway Portfolio Whole Loan balance. | |
With regards to Loan No. 8, St. Luke’s Office, the mortgage loan is part of a $51.0 million whole loan (the “St. Luke’s Office Whole Loan”), which is comprised of three pari passu component notes (Note A-1, Note A-2 and Note A-3). Note A-1 and Note A-2, each with an outstanding principal balance as of the cut-off date of $17.0 million, are expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-3, which has an outstanding principal balance as of the cut-off date of $17.0 million, is expected to be contributed to one or more future securitizations. All loan level metrics are based on the St. Luke’s Office Whole Loan balance. | |
With regards to Loan No. 11, Columbus Office Portfolio I, the mortgage loan is part of a $45.3 million whole loan (the “Columbus Office Portfolio I Whole Loan”) which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-1, with an outstanding principal balance of $30.0 million as of the cut-off date, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-2, which has an outstanding principal balance as of the cut-off date of $15.3 million, is expected to be contributed to one or more future securitizations. All loan level metrics are based on the Columbus Office Portfolio I Whole Loan balance. | |
With regards to Loan No. 13, Acropolis Garden, the mortgage loan is part of an approximately $45.0 million whole loan (the “Broadway Portfolio Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A- 2 (the “Acropolis Garden Loan”), which has an outstanding principal balance as of the cut-off date of approximately $20.0 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of approximately $25.0 million and is currently held by Natixis. All loan level metrics are based on the Acropolis Garden Whole Loan balance. | |
With regards to Loan No. 14, Alexandria Corporate Park, the mortgage loan is part of a $34.5 million whole loan (the “Alexandria Corporate Park Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-1, with an outstanding principal balance as of the cut-off date of $20.0 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-2, which has an outstanding principal balance as of the cut-off date of $14.5 million, is expected to be contributed to one or more future securitizations. All loan level metrics are based on the Alexandria Corporate Park Whole Loan balance. | |
With regards to Loan No. 16, Garden Multifamily Portfolio, the mortgage loan is part of a $57.5 million whole loan (the “Garden Multifamily Portfolio Whole Loan”), which is comprised of five pari passu component notes (Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5). Note A-2, with an outstanding principal balance as of the cut-off date of $18.0 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-1, which has an outstanding principal balance as of the cut-off date of $20.0 million, Note A-3, which has an outstanding principal balance as of the cut-off date of $6.0 million, Note A-4 and Note A-5, each with an outstanding principal balance as of the cut-off date of $6.75 million, are expected to be contributed to one or more future securitizations. All loan level metrics are based on the Garden Multifamily Portfolio Whole Loan balance. |
With regards to Loan No. 25, Marble Hall Gardens, the mortgage loan is part of an approximately $21.5 million whole loan (the “Marble Hall Gardens Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-1 (the “Marble Hall Gardens Loan”), which has an outstanding principal balance as of the cut-off date of approximately $11.5 million, is expected to be contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of approximately $10.0 million and is currently held by Natixis. All loan level metrics are based on the Marble Hall Gardens Whole Loan balance. | |
(5) | With regards to Loan No. 12, 71 Fifth Ave, the borrower holds a leased fee interest in the mortgaged property pursuant to a ground lease executed on February 3, 2017 (the “Commencement Date”) that has an expiration date on February 3, 2116. Upfront payment of $83.5 million was made to the borrower, followed by annual fixed payments commencing at $3.5 million per year, with 10% increases every five years and resets on the 25th, 50th, and 75th anniversaries of the ground lease at the greater of (1) 4.0% of land value and (ii) an amount equal to $3.5 million as increased by the percentage change between the CPI index from the commencement date to the reset date; however in no event will any monthly installment of fixed rent payable after such reset date be less than 110% of the prior month payment. |
(6) | With regards to Loan No. 32, Audubon Village, the property is subject to a land use restriction agreement expiring on January 10, 2027. According to the restriction, 132 of the 136 unit must be occupied by tenants whose income is less than or equal to 80.0% of the area median income (“AMI”) and maximum rents cannot exceed (a) 30.0% of 80.0% of AMI, (or with respect to current tenants that are very-low income families, 30.0% of 50.0% of the AMI), as determined by HUD, with adjustments for family size and less a reasonable utility allowance, (b) the Section 8 voucher payment standard, less the utility allowance established by the voucher provider and (c) market rent in the immediate area established by a rent comparability study prepared in accordance with HUD requirements. The property owner is required to certify to HUD annually that the requirements have been fulfilled. |
(7) | With respect to Loan No. 2, 245 Park Avenue, the Net Rentable Area SF/Units/Acres/Rooms/Pads and Cut-Off Balance per SF/Unit/Rooms/Pads are based on current contractual square footage, which is 1,723,993 SF as leased. The property has a remeasured net rentable area of 1,779,515 SF in accordance with current REBNY standards, which is the basis for the square footage in future leasing. |
With respect to Loan No. 7, Broadway Portfolio, the most recent occupancy, second most recent occupancy and third most recent occupancy of the 1204 Broadway Mortgaged Property reflect the physical occupancy based on 20,400 SF net rentable space, which excludes the basement space at such property. The most recent occupancy and second most recent occupancy of 1214-1216 Broadway Mortgaged Property reflect the physical occupancy based on 34,244 SF net rentable space, which excludes the basement and rooftop spaces at such property. | |
With regards to Loan No. 9, Northridge Plaza, 4,020 SF is ground-leased to the tenant IHOP. | |
With regards to Loan No. 13, Acropolis Garden, current occupancy and historical occupancy are not available because the property has been operating as a cooperative. | |
(8) | With regards to Loan No. 1, 85 Broad Street, the largest tenant, WeWork, has rent abatement on its 27th floor space ending in August 2017, and a free rent reserve in an amount of $305,540 was reserved at the origination of the mortgage loan. The fourth largest tenant, Vox Media, has rent abatement on its occupied space ending in January 2018, and a free rent reserve in an amount of $265,310 was reserved at the origination of the mortgage loan. |
With regards to Loan No. 2, 245 Park Avenue, the tenant identified as HNA Capital US LLC (an affiliate of the loan sponsor) and MIO Partners, Inc., together, accounting for approximately 2.7% of the remeasured net rentable area, have executed leases but have not yet taken occupancy. | |
With regards to Loan No. 3, Apple Sunnyvale, the sole tenant, Apple, Inc., is currently in the process of building out approximately 80,292 SF of their total leased space of 349,758 SF and is expected to take full occupancy by August 2017. | |
With respect to Loan No. 7, Broadway Portfolio, the largest tenant, District Cowork Nomad LLC at the mortgaged property identified as 1204 Broadway, has not taken occupancy of approximately 3,900 SF of its space. The second largest tenant, PRYM 1216, LLC at the mortgaged property identified as 1214-1216 Broadway, has not taken occupancy of approximately 3,500 SF of its space. | |
With regards to Loan No. 8, St. Luke’s Office, 36,926 SF of the 248,770 SF for the largest tenant, St. Luke’s University Health Network, has a free rent period through the end of 2017. | |
With regards to Loan No. 9, Northridge Plaza, the physical occupancy includes ALDI, which executed a lease in February 2017 and is anticipated to take occupancy by August 2017. | |
With regards to Loan No. 15, Shoppes at Harmon Square, the physical occupancy includes 7-Eleven, which has executed its lease and is anticipated to take occupancy and open for business in August 2017. | |
With regards to Loan No. 26, Plaza 7-21, the second largest tenant, Cayuse Technologies LLC, took occupancy on February 1, 2017 but is currently not paying the base rent component according to the January 31, 2017 underwritten rent roll. The fifth largest tenant, Kid to Kid, was underwritten as vacant. The tenant is currently MTM, and may terminate at any time with 60 days’ notice. Per the borrower’s conversation with the tenant, tenant will vacate in June 2017. | |
(9) | With regards to Loan No. 21, 1 Forest Parkway, the Appraised Value represents the “Prospective As Stabilized” appraised value of $20.45 million, which includes the condition that the proposed tenant improvements are constructed in a timely and workmanlike manner, and a new executed lease is in-place. According to the mortgage loan seller, the renewal lease has been executed in April 2017 with a free rent period to end in September 2017. A free rent reserve in an amount of $581,313 was reserved at the origination of the loan. The tenant improvements are expected to finish in October 2017 with no expense related to the borrower. |
(10) | For each mortgage loan, the excess of the related Interest Rate % over the related Subservicing Fee Rate, the Primary Servicing Fee Rate, the Trustee Fee Rate, the Operating Advisor Fee Rate, Asset Representations Review Fee and the CREFC® Fee Rate (collectively, the “Administrative Fee Rate”). |
(11) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service (IO) was calculated as 1/12th of the product of (i) the Original Balance, (ii) the Mortgage Rate and (iii) 365/360. |
(12) | With regards to all mortgage loans, Annual Debt Service is calculated by multiplying the Monthly Debt Service by 12. |
(13) | The classification of the lockbox types is described in the Preliminary Prospectus. See “Description of the Mortgage Pool – lockbox Accounts” for further details. |
(14) | Each letter identifies a group of related borrowers. |
(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 interest-only period during the term of the mortgage loan. |
(16) | The “L” component of the prepayment provision represents lockout payments. |
The “Def” component of the prepayment provision represents defeasance payments. | |
The “YM1” component of the prepayment provision represents greater of 1% of principal balance or yield maintenance payments. | |
The “O” component of the prepayment provision represents the free payments including the Maturity Date. | |
(17) | With regards to Loan No. 7, Broadway Portfolio, the borrower is permitted to obtain the release of the air rights to the Mortgaged Properties provided, among other conditions, (i) no event of default has occurred and is continuing, (ii) the borrower delivers notice to the lender at least 30 days (but not more than 90 days) prior to the proposed date for such release, (iii) after giving effect to such release, the remaining property complies with all legal requirements and constitutes one or more separate tax lots, and there will be no material violation of any lease or permitted encumbrances at the remaining property and (iv) the borrower provides any additional information and executes any additional documentation reasonably requested by the lender and delivers such legal opinions as the lender may reasonably require in conjunction with the release. |
With regards to Loan No. 8, St. Luke’s Office, the borrower has the right to obtain an outparcel release, given a written request to the lender for the outparcel release at least 30 days prior to the proposed outparcel release and the borrower must have paid all of the lender’s reasonable out of pocket costs and expenses. | |
With regards to Loan No. 16, Garden Multifamily Portfolio, at any time after the release date and prior to the open period start date the borrower may obtain a partial defeasance subject to the following conditions, among others, in the loan agreement: (i) the DSCR must be equal to or greater than the greater of 1.36x or the DSCR of all properties immediately prior to the defeasance event; (ii) the LTV must be no greater than 71.7% or the LTV of all the properties immediately prior to the defeasance event; (iii) the DY must be equal to or greater than the greater of 8.8% of the DY of all the properties immediately prior to the defeasance event; (iv) the release is accompanied with a release price of 125% of the allocated loan amount for the release property. | |
With regards to Loan No. 18, East Coast Triple Net Portfolio, provided no event of default is occurring, the borrower may partially defease the loan with respect to Property 2 and Property 3 described in the loan documents, subject to the satisfaction of the following conditions, among others: (i) the DSCR of the remaining properties is not less than the greatest of (a) 1.50x, (b) the DSCR at origination, and (c) the DSCR as of the release based on income from both the release parcel and the remaining parcel and (ii) the LTV of the remaining properties is not greater than the least of (a) 56.0%, (b) the LTV at the origination and (c) the LTV for both the release parcel and the remaining properties as of the release date. | |
(18) | With regards to Loan No. 4, Ritz Carlton Rancho Mirage, historical financials prior to 2015 are not available, as the borrower purchased the mortgaged property in 2013 (which had been closed since 2006) and completely renovated the mortgaged property. The hotel reopened in April 2014. |
With regards to Loan No. 5, Hotel Eastlund, historical financials prior to 2016 are not available, as the borrower purchased the mortgaged property in 2013, closed the hotel in 2014 and completely renovated the mortgaged property. The hotel was reopened in June 2015. | |
With regards to Loan No. 6, Urban Union Amazon, historical financials are not available because the property was constructed in 2016. | |
With regards to Loan No. 8, St. Luke’s Office, historical financials prior to 2015 are not available due to the sponsor’s acquisition of the mortgaged property in March 2015. | |
With regards to Loan No. 22, Walmart Shopping Center Moultrie, 2016 financials are for the trailing 12 month period ending October 31, 2016. | |
With regards to Loan No. 27, Austin Multifamily Portfolio, certain historical financial information was not available for Miller Square Apartments due to the acquisition of the asset occurring in February 2016. | |
With regards to Loan No. 30, Walgreens – WY and MO, both mortgaged properties operate under absolute triple net leases and only the most recent financials for the trailing twelve months ending March 1, 2017 were collected at the origination. | |
(19) | With regards to Loan No. 13, Acropolis Garden, has been operating as a cooperative and the historical NOI reflects such operation. The UW NOI and the UW NCF for the property are the projected net operating income and the projected net cash flow, respectively, reflected in the appraisal. The projected net operating income, in general, equals projected effective gross income at the property assuming such property is operated as a rental property with rents and other income set at the prevailing market rates, reduced by underwritten property operating expenses and a market-rate vacancy assumption, in each case, as determined by the appraiser. The rents of 54 rent stabilized units and 21 rent controlled units are assumed to remain below market. The projected net cash flow equals the projected net operating income reduced by the projected replacement reserves, as determined by the property condition report. The projected rental income used in such determinations differs materially from the scheduled monthly maintenance payments from the tenant-shareholders at the property. |
(20) | With regards 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. |
(21) | In certain cases, the data for tenants occupying multiple spaces includes square footage for all leases and is presented with the expiration date of the largest square footage expiring |
(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. 1, 85 Broad Street, the second largest tenant, Oppenheimer, has the one-time option to terminate its lease with respect to either (i) the highest full floor leased in the tower floor stack, (ii) the lowest full floor leased in the tower floor stack, or (iii) the entire demised premises, in either case, effective as of February 1, 2024, by delivering an irrevocable written notice of such election to the landlord on or before the date that is 18 months prior to the termination date, time being of the essence. Any such termination notice is required to include a statement whether such tenant is electing to terminate the lease pursuant to clause (i), (ii) or (iii) above. Simultaneously with the giving of the termination notice, Oppenheimer is required to pay to the landlord a payment equal to the unamortized value, calculated as of the date of payment of the termination payment, of the transaction costs incurred, on a per rentable SF basis, in connection with or otherwise allocable to the terminated premises, determined by amortizing such costs on a monthly straight-line basis over the initial term of the lease for the terminated premises with interest thereon at a rate equal to 8.0% per annum. | |
With respect to Loan No. 1, 85 Broad Street, the third largest tenant, Nielsen, has the one-time option to terminate the lease with respect to either (i) the highest full floor under its lease, (ii) the lowest full floor under its lease, (iii) a single full floor of the demised premises that is not contiguous to any floor of the building on which any portion of the demised premises is located or (iv) the entire demised premises then being leased. Any such termination option exercised by Nielsen will be effective on March 11, 2020, and will be exercisable by the tenant delivering an irrevocable written notice of such election to the landlord on or before the date which is 15 months prior to the termination date, time being of the essence. The termination fee will equal to the sum of (a) five, in the case of the full termination option, or three, in the case of a partial termination option, times the basic annual rent, tax payments, operating payments and cafeteria rent that were payable by such tenant with respect to the terminated premises for the month immediately preceding the month during which the termination notice was delivered, plus (b) the unamortized value, calculated as of the date of the termination notice, of the transaction costs incurred in connection with or otherwise allocable to the terminated premises, determined by amortizing such costs on a monthly straight-line basis over the initial term of the lease for the terminated premises with interest thereon at a rate equal to 7.0% per annum. | |
With respect to Loan No. 2, 245 Park Avenue, the largest tenant, Société Générale, subleases 36,425 contractual SF to Brunswick Group, LLC and 36,425 contractual SF to MIO Partners, Inc. The second largest tenant, JP Morgan Chase Bank, N.A. (“JPMCB”), subleases 562,347 contractual SF to Société Générale through October 31, 2022. In addition, JPMCB also subleases 90,556 contractual SF to Houlihan Lokey Howard & Zukin Financial Advisors, Inc., 49,133 contractual SF to The Nemec Agency, Inc., 34,058 contractual SF to Pierpont Capital Holdings LLC and 15,939 contractual SF to JLL Partners, LLC. The square footage for JPMCB does not include the space subleased to Société Générale, and the terms shown for Société Générale are based on JPMCB’s prime lease. The third largest tenant, Major League Baseball (the “MLB”), subleases 37,385 contractual SF to the National Bank of Australia, Ltd., 24,840 contractual SF to Houlihan Lokey, Inc. and 10,525 contractual SF to Anthos U.S.A., Inc. MLB has announced that it plans to vacate its space at the end of its lease term in October 2022 and that it has executed a lease at another location and intends to move in to such location in 2019. If MLB does not renew its lease 12 months before its lease expiration date or if MLB vacates or abandons all or substantially all of its premises, a cash sweep event will occur. | |
With respect to Loan No. 2, 245 Park Avenue, the largest tenant, Société Générale, has the right to terminate either the highest full floor leased or the highest two full floors (if such floors are contiguous) under either the related subleased space from JPMCB or under its direct lease with the borrower, with notice by May 1, 2021. | |
With respect to Loan No. 7, Broadway Portfolio, The largest tenant of the 1204 Broadway mortgaged property, District Cowork Nomad LLC, has the option to terminate its lease for its basement space if the related community board or the New York State Liquor Authority denies the tenant’s application to gain a liquor license. The tenant may terminate the lease within 10 days after the tenant’s receipt of refusal and the landlord will be required to return the tenant’s first month’s fixed rent as well as its security deposit. The second largest tenant of the 1214-1216 Broadway mortgaged property, PRYM 1216, LLC, has the option to terminate its lease for its basement space if the related community board or the New York State Liquor Authority denies the tenant’s application to gain a liquor license. The tenant may terminate the lease within 10 days after the tenant’s receipt of refusal, and the landlord is required to return the tenant’s first month’s fixed rent as well as its security deposit. |
With regards to Loan No. 8, St. Luke’s Office, the second largest tenant, Intel, has the option to terminate the 3,109 SF data center space from and after the expiration of the second lease year of the lease term by providing a written notice not more than 270 days and not less than 180 days prior to the effective date of the termination and paying a termination fee of $50,000. | |
With regards to Loan No. 9, Northridge Plaza, the third largest tenant, ALDI, has the right to terminate the lease if they are unable to acquire the required permits to complete build-out of their space or if the delivery date has not occurred within 30 days after the expiration of landlord’s initial work period and the delay is not as a result of the tenant’s delay for force majeure. The fifth largest tenant, Famous Footwear Store, has the option to terminate its lease in October 2017 should ALDI’s opening get delayed. | |
With regards to Loan No. 11, Columbus Office Portfolio I, the second largest tenant at the mortgaged property identified as Blazer I & II, Navidea Biopharmaceuticals, Inc., has a one-time option to terminate its lease on October 31, 2021 with 12 months’ notice and a termination fee of unamortized leasing and tenant improvement costs at 9.0% interest. | |
With regards to Loan No. 15, Shoppes at Harmon Square, the fifth largest tenant, Dunkin Donuts, has the right to terminate the lease following the expiration of the initial lease year if the tenant has not achieved a percentage rent threshold of at least of $35,000 combined in any given twelve-month period. | |
With regards to Loan No. 26, Plaza 7-21, the second largest tenant, Cayuse Technologies LLC has a one-time right to terminate the lease after year 3 (February 1, 2020) with 90 days’ prior written notice. | |
With regards to Loan No. 28, Bell Plaza Professional Building, the fourth largest tenant, Independent Newspaper, has a one-time option to terminate its lease effective August 1, 2019 with three months’ notice. | |
With regards to Loan No. 30, Walgreens – WY and MO, the sole tenant, Walgreens, at the Walgreens – MO mortgaged property, has a recurring option to terminate the lease, exercisable upon 12 months’ notice every fifth year, with the first option exercisable at the end of lease year 25. The sole tenant, Walgreens, at the Walgreens – WY mortgaged property, has a recurring option to terminate the lease exercisable upon 12 months’ notice, at the end of any month with the first option exercisable at the end of lease year 25. | |
(23) | Represents the upfront and monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. |
With respect to Loan No. 1, 85 Broad Street, during the cash management period, as defined in the loan agreement, the borrower is required to pay lender on each payment date, (i) 1/12th of the taxes that the lender estimates will be payable during the next 12 months in order to accumulate with the lender sufficient funds to pay all such taxes at least 30 days prior to the respective due dates, (ii) 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon the expiration thereof in order to accumulate with the lender sufficient funds to pay all such insurance premiums at least thirty 30 days prior to the expiration of the policies, (iii) an amount initially equal to $18,636 of capital expense reserve and (iv) an amount equal to $139,768 of TI/LC reserve. The ongoing monthly insurance reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the insurance policies maintained by the borrower covering the property comply with the terms in the related loan documents and such blanket insurance policies are in full force and effect, (iii) the borrower provides the lender evidence of renewal of such insurance policies pursuant to the related loan documents, and (iv) the borrower provides the lender paid receipts for the payment of the insurance premiums by no later than 10 business days prior to the expiration dates of such policies. | |
With respect to Loan No. 2, 245 Park Avenue, the monthly TI/LC reserve deposit amount equal to $446,775 will commence on the payment date in May 2025 and continue on each payment date thereafter. | |
With respect to Loan No. 3, Apple Sunnyvale, the ongoing monthly tax reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the sole tenant, Apple, Inc. ( “Apple”) pays the tax premiums when due and payable and the borrowers provide the lender evidence of the same within ten days of payment, and (iii) Apple maintains a BBB rating or above. The ongoing monthly insurance reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) Apple pays the property insurance premiums when due and payable and the borrower provides the lender evidence of same within ten days of payment and (iii) Apple maintains a BBB rating or above. | |
With regards to Loan No. 4, Ritz Carlton Rancho Mirage, the borrower is not required to make monthly deposits to the seasonality reserve account so long as a trigger period, as defined in the loan agreement, is not continuing. After the occurrence of the seasonality deposit trigger, on each payment date occurring in January, February, March, April, May, October, November and December, the borrower is required to pay to lender the monthly seasonality deposit ($129,119) for deposit into the seasonality reserve account. | |
With respect to Loan No. 6, Urban Union Amazon, the monthly capital expense reserve deposit amount equal to $2,465 will commence on the payment date in March 2020 and continue on each payment date thereafter. | |
With regards to Loan No. 9, Northridge Plaza, the ongoing insurance reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the mortgaged property is insured under a blanket insurance policy approved by the lender in its reasonable discretion, (iii) the lender receives satisfactory evidence that the insurance premiums have been timely paid for the relevant period prior to the policy expiration, and (iv) the lender receives satisfactory evidence of such policies when requested. | |
With respect to Loan No. 10, 449 South Broadway, the ongoing monthly insurance reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the borrower provides evidence wholly satisfactory to the lender that the insurance coverages required pursuant to the related loan documents are being maintained under an acceptable blanket insurance policy and (iii) the borrower maintains with the lender a static insurance reserve, as defined in the related loan documents. | |
With regards to Loan No. 12, 71 Fifth Ave, the ongoing tax reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the ground tenant, as defined in the loan documents, is responsible for direct payments of taxes and is making timely payments of such and (iii) the lender receives satisfactory evidence that taxes are paid in a timely manner. | |
With regards to Loan No. 17, Hilton Garden Inn - Fort Washington, the borrower is required to make deposits of $46,250 per month to the seasonality reserve account during the months of June, July, August and September of each year. If the lender determines that such amount will be insufficient to cover debt service, the seasonality reserve can be increased. | |
With respect to Loan No. 19, 260-300 Boston Post Road, the ongoing monthly insurance reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the borrower provides evidence wholly satisfactory to lender that the insurance coverages required pursuant to the related loan documents are being maintained under an acceptable blanket insurance policy and (iii) the borrower maintains with the lender a static insurance reserve, as defined in the related loan documents. | |
With respect to Loan No. 20, Livingston Town Center, the ongoing monthly insurance reserve is waived for so long as (i) no event of default has occurred and is continuing, (ii) the borrower provides evidence wholly satisfactory to the lender that the insurance coverages required pursuant to the related loan documents are being maintained under an acceptable blanket insurance policy and (iii) the borrower maintains with the lender a static insurance reserve, as defined in the related loan documents. | |
With regards to Loan No. 27, Austin Multifamily Portfolio, the borrower shall not be required to make the monthly deposit for insurance premiums provided (i) no event of default then exists, (ii) the lender has waived in writing the insurance escrow because the insurance required hereunder is maintained under a blanket insurance policy acceptable to the lender, (iii) the lender has received written evidence reasonably acceptable to lender that the premiums for such blanket insurance policy have been paid in full prior to the date which at least thirty days prior to the expiration of the blanket insurance policy and (iv) lender has received reasonably satisfactory evidence that the insurance premiums for the blanket insurance policy are not financed or paid in installments. | |
With regards to Loan No. 30, Walgreens – WY and MO, the monthly capital expenditure reserve is waived for so long as (i) the sole tenant’s lease is in full force and effect and (ii) the sole tenant maintains the mortgaged properties in good conditions and repair. The ongoing tax reserve is waived for so long as the taxes are paid directly by the sole tenant and the lender receives satisfactory evidence that taxes are timely paid. The ongoing insurance reserve is waived for so long as (i) the sole tenant maintains the insurance policies, (ii) the lender receives satisfactory evidence that the insurance premiums have been timely paid for the relevant period no later than ten days prior to the policy expiration and (iii) the lender receives satisfactory evidence of such policies when it is required. |
(24) | 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 |
(25) | With respect to Loan No. 7, Broadway Portfolio, the mortgage loan was structured with a $5.0 million earnout reserve. Provided no event of default under the Broadway Portfolio mortgage loan documents has occurred and is continuing, at any time prior to December 5, 2018, the borrower is entitled to up to three disbursements of all of the funds in the earnout reserve, provided that (i) the ratio of the then existing underwritten net cash flow to the outstanding principal is equal to or greater than 7.5% based on the trailing calendar quarter, and (ii) the lease termination options have expired for the following tenants: (a) PRYM 1216, LLC, (b) District Cowork Nomad LLC and (c) any new leases entered into from and after the loan origination date. |
(26) | With regards to Loan No. 9, Northridge Plaza, an evergreen letter of credit was issued at closing by City National Bank in the amount of $4,500,000 in connection with the Aldi reserve. The letter of credit can be drawn upon if, 18 months after the closing date, certain conditions are not satisfied as outlined in the loan documents, including: the Aldi lease or Aldi replacement lease is in full force and effect, Aldi or an applicable replacement tenant is in possession of the space and is utilizing the space in the conduct of normal business hours, Aldi or the applicable replacement tenant is paying full unabated rent, and the Aldi lease or Aldi replacement lease does not provide for an exercisable termination right. |
(27) | With regards to Loan No. 30, Walgreens – WY and MO, the borrower obtained an environmental insurance for the Walgreens – WY mortgaged property from Steadfast Insurance Company with a limit of $1.0 million per incident and in aggregate and a term of 13 years. |
(28) | Certain of the mortgage loans permit direct or indirect owners in the borrower to incur future mezzanine financing. |
Mortgage Loan | % of Initial | Combined | ||||||||||||
Loan | Cut-off Date | Outstanding | Intercreditor | Minimum | Combined | Combined | ||||||||
No. | Mortgage Loan | Balance | Pool Balance | Agreement | DSCR | Maximum LTV | Debt Yield | |||||||
1 | 85 Broad Street | $90,000,000 | 11.1% | Yes | 1.75x | 55.0% | 6.6% | |||||||
5 | Hotel Eastlund | $41,000,000 | 5.1% | Yes | 1.64x | 61.2% | 10.31% |
(29) | With respect to Loan No. 7, Broadway Portfolio, the largest tenant, District Cowork Nomad LLC at the mortgaged property identified as 1204 Broadway, is anticipated to take occupancy of and commence paying rent on (a) approximately 900 SF of its space by August 2017 and (b) approximately 3,000 SF of its space by January 2018. The second largest tenant, PRYM 1216, LLC at the mortgaged property identified as 1214-1216 Broadway has not taken occupancy of 3,500 SF of its space, but is paying rent for this space. |
(30) | With regards to Loan No. 13, Acropolis Garden, the As-Is Appraised Value assumes the property is operated as a multifamily rental property and leased at market rent. |