FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206582-05 | ||
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-206582) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com. |
This material was prepared by sales, trading, banking or other non-research personnel of one of the following: Morgan Stanley & Co. LLC, Morgan Stanley & Co. International Limited, Morgan Stanley Japan Limited and/or Morgan Stanley Dean Witter Asia Limited (together with their affiliates, hereinafter “Morgan Stanley”), Merrill Lynch, Pierce, Fenner & Smith Incorporated (together with its affiliates, “BofA Merrill Lynch”), and Wells Fargo Securities, LLC (together with its affiliates, “Wells Fargo”, and, collectively with Morgan Stanley and BofA Merrill Lynch, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms. |
This material may have been prepared by or in conjunction with the respective trading desks of the Underwriters that may deal as principal in or own or act as market maker or liquidity provider for the securities/instruments (or related derivatives) mentioned herein. The trading desk may have accumulated a position in the subject securities/instruments based on the information contained herein. Trading desk materials are not independent of the proprietary interests of the Underwriters, which may conflict with your interests. Each of the Underwriters may also perform or seek to perform investment banking services for the issuers of the securities and instruments mentioned herein. |
This material has been prepared for information purposes to support the promotion or marketing of the transaction or matters addressed herein. This is not a research report and was not prepared by the research department of any Underwriter. It was prepared by sales, trading, banking or other non-research personnel of one or more of the Underwriters. This material is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. Past performance is not necessarily a guide to future performance. Please see additional important information and qualifications at the end of this material. |
The asset-backed securities referred to in these materials are being offered when, as and if issued. In particular, you are advised that asset-backed securities, and the asset pools backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any Underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. |
The information contained in this material is subject to change, completion or amendment from time to time, and the information in this material supersedes information in any other communication relating to the securities referred to in this material. This material is not a solicitation to participate in any trading strategy, and is not an offer to sell any security or instrument or a solicitation of an offer to buy or sell any security or instrument in any jurisdiction where an offer, solicitation or sale is not permitted. |
The securities/instruments discussed in this material may not be suitable for all investors. This material has been prepared and issued by the Underwriters for intended distribution to market professionals and institutional investor clients. Other recipients should seek independent investment advice prior to making any investment decision based on this material. This material does not provide individually tailored investment advice or offer tax, regulatory, accounting or legal advice. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. You should consider this material as only a single factor in making an investment decision. |
The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in securities/instruments transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and the Underwriters do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein. Some of the information contained in this document may be aggregated data of transactions in securities or other financial instruments executed by an Underwriter that has been compiled so as not to identify the underlying transactions of any particular customer. |
Notwithstanding anything herein to the contrary, the Underwriters and each recipient hereof agree that they (and their employees, representatives, and other agents) may disclose to any and all persons, without limitation of any kind from the commencement of discussions, the U.S. federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to the tax treatment and tax structure. For this purpose, "tax structure" is limited to facts relevant to the U.S. federal and state income tax treatment of the transaction and does not include information relating to the identity of the parties, their affiliates, agents or advisors. |
THE DISTRIBUTION OF THIS MATERIAL (A) IF MADE BY A PERSON WHO IS NOT AN AUTHORIZED PERSON UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”), IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE “FINANCIAL PROMOTION ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) THROUGH (D) (HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.) OF THE FINANCIAL PROMOTION ORDER; AND (B) IF MADE BY A PERSON WHO IS AN AUTHORIZED PERSON UNDER THE FSMA, IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 14(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (PROMOTION OF COLLECTIVE INVESTMENT SCHEMES) (EXEMPTIONS) ORDER 2001 (THE “PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 22(2)(A) THROUGH (D) (“HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.”) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (IV) ARE PERSONS TO WHOM THE ISSUING ENTITY MAY LAWFULLY BE PROMOTED IN ACCORDANCE WITH CHAPTER 4.12 OF THE UK FINANCIAL CONDUCT AUTHORITY’S CONDUCT OF BUSINESS SOURCEBOOK. |
THE OFFERED CERTIFICATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE FINANCIAL INSTRUMENTS EXCHANGE ACT OF JAPAN (LAW NO. 25 OF 1948, AS AMENDED (THE “FIEL”)), AND EACH OF MORGAN STANLEY & CO. LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AND WELLS FARGO SECURITIES, LLC HAS AGREED THAT IT WILL NOT OFFER OR SELL ANY OFFERED CERTIFICATES, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY JAPANESE PERSON, OR TO OTHERS FOR RE-OFFERING OR RESALE, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO ANY JAPANESE PERSON, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND OTHERWISE IN COMPLIANCE WITH, THE FIEL AND ANY OTHER APPLICABLE LAWS AND REGULATIONS. FOR THE PURPOSES OF THIS PARAGRAPH, “JAPANESE PERSON” SHALL MEAN ANY PERSON RESIDENT IN JAPAN, INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANIZED UNDER THE LAWS AND REGULATIONS OF JAPAN. |
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS |
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 this material having been sent via Bloomberg or another email system. |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | % of Initial Pool Balance | Mortgage Loan Originator(1) | Mortgage Loan Seller(1) | Original Balance | Cut-off Date Balance | Maturity/ARD Balance | Cut-off Date Balance per SF/ Units/Rooms/Pads | Loan Purpose |
Loan | 4, 5 | 1 | 101 Hudson Street | 9.99% | WFB/BANA | WFB/BANA | $72,500,000 | $72,500,000 | $72,500,000 | $186 | Refinance |
Loan | 4 | 2 | Harlem USA | 9.4% | MSMCH | MSMCH | $68,000,000 | $68,000,000 | $68,000,000 | $439 | Refinance |
Loan | 6 | 3 | Cole Retail Portfolio | 6.4% | BANA | BANA | $46,500,000 | $46,500,000 | $46,500,000 | $85 | Recapitalization |
Property | 3.01 | Lawton Marketplace | BANA | BANA | $19,247,253 | $19,247,253 | $19,247,253 | ||||
Property | 3.02 | Shops at Abilene | BANA | BANA | $14,989,011 | $14,989,011 | $14,989,011 | ||||
Property | 3.03 | Houma Crossing | BANA | BANA | $12,263,736 | $12,263,736 | $12,263,736 | ||||
Loan | 7 | 4 | Marriott Albany | 6.3% | MSMCH | MSMCH | $45,500,000 | $45,500,000 | $36,488,107 | $126,741 | Refinance |
Loan | 4, 8 | 5 | The Orchard | 5.5% | MSMCH | MSMCH | $40,000,000 | $40,000,000 | $31,816,992 | $360 | Refinance |
Loan | 4, 9 | 6 | Huntington Center | 5.5% | MSMCH | MSMCH | $40,000,000 | $40,000,000 | $36,077,631 | $154 | Refinance |
Loan | 4 | 7 | One Penn Center | 4.5% | WFB | WFB | $33,000,000 | $33,000,000 | $29,203,059 | $99 | Refinance |
Loan | 4, 10 | 8 | International Square | 4.1% | BANA | BANA | $30,000,000 | $30,000,000 | $30,000,000 | $213 | Refinance |
Loan | 4 | 9 | Briarwood Mall | 4.1% | BANA | BANA | $30,000,000 | $30,000,000 | $30,000,000 | $446 | Refinance |
Loan | 4, 11 | 10 | Fremaux Town Center | 4.1% | WFB | WFB | $30,000,000 | $29,702,704 | $21,423,409 | $182 | Refinance |
Loan | 4 | 11 | American Greetings HQ | 3.7% | BANA | BANA | $27,000,000 | $27,000,000 | $20,045,350 | $140 | Refinance |
Loan | 4 | 12 | Conrad Indianapolis | 3.3% | WFB | WFB | $23,700,000 | $23,671,879 | $19,220,448 | $225,239 | Refinance |
Loan | 13 | Arboretum at Weston | 2.9% | BANA | BANA | $21,375,000 | $21,375,000 | $18,615,041 | $243 | Acquisition | |
Loan | 12 | 14 | West Covina Parkway Plaza | 2.8% | WFB | WFB | $20,100,000 | $20,100,000 | $18,334,064 | $230 | Refinance |
Loan | 15 | Sunset Terrace Apartments | 2.5% | BANA | BANA | $18,200,000 | $18,200,000 | $14,630,501 | $151,667 | Refinance | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | 2.5% | WFB | WFB | $18,000,000 | $17,952,530 | $14,465,355 | $125,542 | Refinance | |
Loan | 13 | 17 | Security Public Storage - San Mateo | 2.2% | WFB | WFB | $15,800,000 | $15,800,000 | $13,830,907 | $187 | Refinance |
Loan | 18 | Sierra View Plaza | 2.0% | WFB | WFB | $14,775,000 | $14,775,000 | $12,225,844 | $127 | Refinance | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | 1.8% | WFB | WFB | $13,300,000 | $13,300,000 | $11,031,005 | $119,820 | Refinance | |
Loan | 20 | 11211 Vanowen St | 1.8% | MSMCH | MSMCH | $13,300,000 | $13,266,432 | $10,769,601 | $66 | Refinance | |
Loan | 14 | 21 | Emerald Desert RV Resort | 1.7% | WFB | WFB | $12,441,675 | $12,441,675 | $8,989,855 | $46,424 | Refinance |
Loan | 15 | 22 | Calabasas Self Storage | 1.5% | BANA | BANA | $11,000,000 | $11,000,000 | $11,000,000 | $138 | Refinance |
Loan | 23 | Sun Ridge Townhomes | 1.3% | MSMCH | MSMCH | $9,500,000 | $9,487,395 | $7,568,623 | $79,062 | Refinance | |
Loan | 24 | McCarran Commerce Center | 1.0% | MSMCH | MSMCH | $7,200,000 | $7,191,245 | $5,817,221 | $85 | Acquisition | |
Loan | 25 | Colonnade at West Lake Houston | 1.0% | MSMCH | MSMCH | $7,000,000 | $6,973,480 | $5,728,544 | $128 | Acquisition | |
Loan | 26 | Escondido RV Resort | 0.9% | WFB | WFB | $6,552,283 | $6,552,283 | $4,734,417 | $52,002 | Refinance | |
Loan | 27 | Stoneridge Apartments | 0.9% | BANA | BANA | $6,468,000 | $6,458,987 | $5,110,152 | $67,281 | Refinance | |
Loan | 28 | Grants Pass Retail | 0.9% | BANA | BANA | $6,250,000 | $6,250,000 | $6,250,000 | $65 | Refinance | |
Loan | 29 | Holiday Inn Express - Monroe, MI | 0.8% | BANA | BANA | $5,500,000 | $5,500,000 | $4,065,368 | $66,265 | Refinance | |
Loan | 30 | South Pointe Plaza - NV | 0.6% | WFB | WFB | $4,150,000 | $4,150,000 | $3,360,386 | $188 | Acquisition | |
Loan | 10 | 31 | Peoria Marketplace | 0.5% | WFB | WFB | $3,800,000 | $3,800,000 | $3,475,766 | $149 | Refinance |
Loan | 32 | Valley Springs Self Storage | 0.5% | WFB | WFB | $3,750,000 | $3,750,000 | $3,042,686 | $44 | Acquisition | |
Loan | 33 | Bear Valley West Self Storage | 0.5% | WFB | WFB | $3,625,000 | $3,620,680 | $2,937,838 | $33 | Refinance | |
Loan | 34 | Gilbert Road Self Storage | 0.5% | BANA | BANA | $3,425,000 | $3,425,000 | $3,045,235 | $54 | Refinance | |
Loan | 35 | South Towers Apartments | 0.4% | BANA | BANA | $3,180,000 | $3,180,000 | $2,556,318 | $96,364 | Refinance | |
Loan | 36 | Shoppes of Marysville | 0.4% | WFB | WFB | $3,000,000 | $3,000,000 | $2,416,721 | $169 | Refinance | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | 0.3% | WFB | WFB | $2,265,000 | $2,259,610 | $1,852,012 | $40 | Refinance |
Property | 37.01 | San Pedro | WFB | WFB | $1,160,000 | $1,157,240 | $948,492 | ||||
Property | 37.02 | Vance Jackson | WFB | WFB | $1,105,000 | $1,102,370 | $903,520 | ||||
Loan | 38 | Rite Aid Pittsburgh | 0.3% | WFB | WFB | $2,030,000 | $2,030,000 | $2,030,000 | $378 | Acquisition | |
Loan | 39 | Right Move Aldine Westfield Self Storage | 0.3% | BANA | BANA | $2,025,000 | $2,025,000 | $1,492,167 | $32 | Refinance | |
Loan | 40 | Wall Street Industrial Center | 0.3% | WFB | WFB | $1,835,000 | $1,832,739 | $1,678,120 | $33 | Acquisition |
A-1-1 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Sponsor |
Loan | 4, 5 | 1 | 101 Hudson Street | Mack-Cali Realty, L.P. |
Loan | 4 | 2 | Harlem USA | Drew Greenwald; Gotham Organization Inc. |
Loan | 6 | 3 | Cole Retail Portfolio | VEREIT, Inc. |
Property | 3.01 | Lawton Marketplace | ||
Property | 3.02 | Shops at Abilene | ||
Property | 3.03 | Houma Crossing | ||
Loan | 7 | 4 | Marriott Albany | Columbia Sussex |
Loan | 4, 8 | 5 | The Orchard | Schottenstein Realty LLC |
Loan | 4, 9 | 6 | Huntington Center | Menashe Frankel; Yeheskel Frankel; Abraham J. Cohen; David J. Cohen; Hines Investment Management Holdings Limited Partnership |
Loan | 4 | 7 | One Penn Center | Henry Gross |
Loan | 4, 10 | 8 | International Square | D.C. Area Portfolio Upper Tier JV, L.P. |
Loan | 4 | 9 | Briarwood Mall | Simon Property Group, L.P.; GM Pension Trust |
Loan | 4, 11 | 10 | Fremaux Town Center | CBL & Associates Limited Partnership; Martin A. Mayer; Lewis W. Stirling, III; Grady K. Brame; George T. Underhill, IV; Jeffrey L. Marshall; Paul M. Mastio; Donna F. Taylor |
Loan | 4 | 11 | American Greetings HQ | H L & L Property Company |
Loan | 4 | 12 | Conrad Indianapolis | Alvin E. Kite; John Kite; Thomas McGowan |
Loan | 13 | Arboretum at Weston | Stoltz Real Estate Partners | |
Loan | 12 | 14 | West Covina Parkway Plaza | Larry Cohen; Lawrence Kuppin |
Loan | 15 | Sunset Terrace Apartments | H.K. Realty, Inc.; J.K. Realty Inc. | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | Robert C. Bush; Thomas P. Prince; Mark V. Smith; Mark Dana | |
Loan | 13 | 17 | Security Public Storage - San Mateo | See Footnote 13 |
Loan | 18 | Sierra View Plaza | Stephen B. Jaeger; The Stephen B. Jaeger Living Trust | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | Jabbar Yousif; Saad Roumaya; Martin Yousif; Johnathon Roumaya | |
Loan | 20 | 11211 Vanowen St | Auburndale Properties, LLC | |
Loan | 14 | 21 | Emerald Desert RV Resort | Reza Paydar |
Loan | 15 | 22 | Calabasas Self Storage | See Footnote 15 |
Loan | 23 | Sun Ridge Townhomes | Anne M. Storm | |
Loan | 24 | McCarran Commerce Center | Jason W. Moore; James S. Forage | |
Loan | 25 | Colonnade at West Lake Houston | Adam Soffar; Robert Naggar; Steve Phelps | |
Loan | 26 | Escondido RV Resort | Reza Paydar | |
Loan | 27 | Stoneridge Apartments | SMG Property Management, Inc. | |
Loan | 28 | Grants Pass Retail | Read Seven, LLC | |
Loan | 29 | Holiday Inn Express - Monroe, MI | Asad Malik | |
Loan | 30 | South Pointe Plaza - NV | Natalie Louie; Tiffany Louie; Jason Louie | |
Loan | 10 | 31 | Peoria Marketplace | James R. Howard |
Loan | 32 | Valley Springs Self Storage | James R. Patterson; Leo E. Hansen, Jr. | |
Loan | 33 | Bear Valley West Self Storage | Robert E. Gates | |
Loan | 34 | Gilbert Road Self Storage | Joy Focht | |
Loan | 35 | South Towers Apartments | H.K. Realty, Inc.; J.K. Realty Inc. | |
Loan | 36 | Shoppes of Marysville | Charles A. Rini; Charles A. Rini, Jr. | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | Carlos Saenz; Janice L. Saenz; Carlos and Janice Saenz Family Trust |
Property | 37.01 | San Pedro | ||
Property | 37.02 | Vance Jackson | ||
Loan | 38 | Rite Aid Pittsburgh | Ellen Lorie Gelb; Declaration of Trust of Ellen Lorie Gelb | |
Loan | 39 | Right Move Aldine Westfield Self Storage | William Allen | |
Loan | 40 | Wall Street Industrial Center | Michael J. Ladue |
A-1-2 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Non-Recourse Carveout Guarantor |
Loan | 4, 5 | 1 | 101 Hudson Street | Mack-Cali Realty, L.P. |
Loan | 4 | 2 | Harlem USA | Gotham Organization Inc.; Drew Greenwald |
Loan | 6 | 3 | Cole Retail Portfolio | Cole Operating Partnership V, LP |
Property | 3.01 | Lawton Marketplace | ||
Property | 3.02 | Shops at Abilene | ||
Property | 3.03 | Houma Crossing | ||
Loan | 7 | 4 | Marriott Albany | CSC Holdings, LLC; Columbia Sussex Corporation |
Loan | 4, 8 | 5 | The Orchard | Schottenstein Realty LLC |
Loan | 4, 9 | 6 | Huntington Center | Abraham J. Cohen; David J. Cohen; Menashe Frankel (A/K/A Mark Frankel); Yeheskel Frankel (A/K/A Yecheskal Frankel); Hines Investment Management Holdings Limited Partnership |
Loan | 4 | 7 | One Penn Center | H. Gross Family, LP |
Loan | 4, 10 | 8 | International Square | N/A |
Loan | 4 | 9 | Briarwood Mall | Simon Property Group, L.P. |
Loan | 4, 11 | 10 | Fremaux Town Center | CBL & Associates Limited Partnership; Martin A. Mayer; Lewis W. Stirling, III; Grady K. Brame; George T. Underhill, IV; Jeffrey L. Marshall; Paul M. Mastio; Donna F. Taylor |
Loan | 4 | 11 | American Greetings HQ | Elie Weiss |
Loan | 4 | 12 | Conrad Indianapolis | Alvin E. Kite; John Kite; Thomas McGowan |
Loan | 13 | Arboretum at Weston | Keith D. Stoltz | |
Loan | 12 | 14 | West Covina Parkway Plaza | Larry Cohen; Lawrence Kuppin |
Loan | 15 | Sunset Terrace Apartments | J.K. Properties, Inc. | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | Robert C. Bush; Thomas P. Prince; Mark V. Smith; Mark Dana | |
Loan | 13 | 17 | Security Public Storage - San Mateo | See Footnote 13 |
Loan | 18 | Sierra View Plaza | Stephen B. Jaeger; The Stephen B. Jaeger Living Trust | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | Jabbar Yousif; Saad Roumaya; Martin Yousif; Johnathon Roumaya | |
Loan | 20 | 11211 Vanowen St | Shadrall Associates | |
Loan | 14 | 21 | Emerald Desert RV Resort | Reza Paydar |
Loan | 15 | 22 | Calabasas Self Storage | See Footnote 15 |
Loan | 23 | Sun Ridge Townhomes | Anne M. Storm | |
Loan | 24 | McCarran Commerce Center | Jason W. Moore; James S. Forage | |
Loan | 25 | Colonnade at West Lake Houston | Robert Naggar; Adam Soffar | |
Loan | 26 | Escondido RV Resort | Reza Paydar | |
Loan | 27 | Stoneridge Apartments | John S. Newsome; Michael J. Doyle | |
Loan | 28 | Grants Pass Retail | Read Seven, LLC | |
Loan | 29 | Holiday Inn Express - Monroe, MI | Asad Malik | |
Loan | 30 | South Pointe Plaza - NV | Natalie Louie; Tiffany Louie; Jason Louie | |
Loan | 10 | 31 | Peoria Marketplace | James R. Howard |
Loan | 32 | Valley Springs Self Storage | James R. Patterson; Leo E. Hansen, Jr. | |
Loan | 33 | Bear Valley West Self Storage | Robert E. Gates | |
Loan | 34 | Gilbert Road Self Storage | Joy Focht | |
Loan | 35 | South Towers Apartments | H.K. Realty, Inc. | |
Loan | 36 | Shoppes of Marysville | Charles A. Rini; Charles A. Rini, Jr. | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | Carlos Saenz; Janice L. Saenz; Carlos and Janice Saenz Family Trust |
Property | 37.01 | San Pedro | ||
Property | 37.02 | Vance Jackson | ||
Loan | 38 | Rite Aid Pittsburgh | Ellen Lorie Gelb; Declaration of Trust of Ellen Lorie Gelb | |
Loan | 39 | Right Move Aldine Westfield Self Storage | Robert F. Horgan; Robert Thomas Mackenzie; Ana Marie Mackenzie; William L. Allen; Byron A. Meo; Anne Elise Lohr | |
Loan | 40 | Wall Street Industrial Center | Michael J. Ladue |
A-1-3 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
MORTGAGED PROPERTY CHARACTERISTICS | ||||||||||
Property Flag | Footnotes | Loan ID | Property Name | No. of Properties | General Property Type | Detailed Property Type | Title Type | Ground Lease Initial Lease Expiration Date | Address | |
Loan | 4, 5 | 1 | 101 Hudson Street | 1 | Office | CBD | Fee | N/A | 101 Hudson Street | |
Loan | 4 | 2 | Harlem USA | 1 | Retail | Anchored | Leasehold | 81,226 | 320-322 West 125th Street | |
Loan | 6 | 3 | Cole Retail Portfolio | 3 | ||||||
Property | 3.01 | Lawton Marketplace | Retail | Power Center | Fee | N/A | 1726, 1732, 1754, 1806, 1824, 1836, 1948 & 2136 Northwest 82nd Street | |||
Property | 3.02 | Shops at Abilene | Retail | Power Center | Fee | N/A | 4209-4225, 4241-4249 Southwest Drive and 3417-3449, 3501-3625 Catclaw Drive | |||
Property | 3.03 | Houma Crossing | Retail | Power Center | Fee | N/A | 1779, 1781, 1783, and 1785 Martin Luther King Boulevard | |||
Loan | 7 | 4 | Marriott Albany | 1 | Hospitality | Full Service | Fee / Leasehold | 4/30/2034 | 189 Wolf Road | |
Loan | 4, 8 | 5 | The Orchard | 1 | Retail | Anchored | Fee | N/A | 23600-23760 El Toro Road | |
Loan | 4, 9 | 6 | Huntington Center | 1 | Office | CBD | Fee | N/A | 41 South High Street / 50 South Front Street | |
Loan | 4 | 7 | One Penn Center | 1 | Office | CBD | Fee | N/A | 1601 John F. Kennedy Boulevard | |
Loan | 4, 10 | 8 | International Square | 1 | Office | CBD | Fee | N/A | 1825-1875 I Street Northwest & 1850 K Street Northwest | |
Loan | 4 | 9 | Briarwood Mall | 1 | Retail | Super Regional Mall | Fee | N/A | 100 Briarwood Circle | |
Loan | 4, 11 | 10 | Fremaux Town Center | 1 | Retail | Anchored | Fee | N/A | 50-940 Town Center Parkway | |
Loan | 4 | 11 | American Greetings HQ | 1 | Office | Suburban | Leasehold | 6/27/2089 | 2250 Crocker Road | |
Loan | 4 | 12 | Conrad Indianapolis | 1 | Hospitality | Full Service | Fee | N/A | 50 West Washington Street | |
Loan | 13 | Arboretum at Weston | 1 | Retail | Anchored | Fee | N/A | 2025 Renaissance Park Place | ||
Loan | 12 | 14 | West Covina Parkway Plaza | 1 | Retail | Shadow Anchored | Fee / Leasehold | 4/27/2025 | 1000-1100 West Covina Parkway; 535-555 South California Avenue | |
Loan | 15 | Sunset Terrace Apartments | 1 | Multifamily | Garden | Fee | N/A | 9301 Van Nuys Boulevard | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | 1 | Hospitality | Limited Service | Leasehold | 5/31/2100 | 199 East Bay Street | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | 1 | Self Storage | Self Storage | Fee | N/A | 110 East 25th Avenue | |
Loan | 18 | Sierra View Plaza | 1 | Retail | Anchored | Fee | N/A | 6405-6565 North Blackstone Avenue | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | 1 | Hospitality | Limited Service | Fee | N/A | 3434 Secor Road | ||
Loan | 20 | 11211 Vanowen St | 1 | Industrial | Warehouse | Fee | N/A | 11211 Vanowen Street | ||
Loan | 14 | 21 | Emerald Desert RV Resort | 1 | Manufactured Housing | Manufactured Housing | Fee | N/A | 76000 Frank Sinatra Drive | |
Loan | 15 | 22 | Calabasas Self Storage | 1 | Self Storage | Self Storage | Fee | N/A | 4200 Shadow Hills Road | |
Loan | 23 | Sun Ridge Townhomes | 1 | Multifamily | Student Housing | Fee | N/A | 4885 North Chestnut Avenue; 4767 East Alamos Avenue; 4839 North Bonadelle Avenue | ||
Loan | 24 | McCarran Commerce Center | 1 | Industrial | Flex | Fee | N/A | 365, 385 Pilot and 6720 Placid | ||
Loan | 25 | Colonnade at West Lake Houston | 1 | Retail | Unanchored | Fee | N/A | 18411, 18455 and 18477 West Lake Houston Parkway | ||
Loan | 26 | Escondido RV Resort | 1 | Manufactured Housing | Manufactured Housing | Fee | N/A | 1740 Seven Oaks Road | ||
Loan | 27 | Stoneridge Apartments | 1 | Multifamily | Garden | Fee | N/A | 11443 Boulder Drive Southeast | ||
Loan | 28 | Grants Pass Retail | 1 | Retail | Anchored | Fee | N/A | 304-350 NE Agness Avenue | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | 1 | Hospitality | Limited Service | Fee | N/A | 1687 North Dixie Highway | ||
Loan | 30 | South Pointe Plaza - NV | 1 | Retail | Unanchored | Fee | N/A | 790 Coronado Center Drive | ||
Loan | 10 | 31 | Peoria Marketplace | 1 | Retail | Shadow Anchored | Fee | N/A | 7521, 7549, 7611 West Cactus Road | |
Loan | 32 | Valley Springs Self Storage | 1 | Self Storage | Self Storage | Fee | N/A | 351 CA-26 | ||
Loan | 33 | Bear Valley West Self Storage | 1 | Self Storage | Self Storage | Fee | N/A | 12829 Bear Valley Road | ||
Loan | 34 | Gilbert Road Self Storage | 1 | Self Storage | Self Storage | Fee | N/A | 405 North Gilbert Road | ||
Loan | 35 | South Towers Apartments | 1 | Multifamily | Mid Rise | Fee | N/A | 2715 James M. Wood Boulevard | ||
Loan | 36 | Shoppes of Marysville | 1 | Retail | Unanchored | Fee | N/A | 1079 Delaware Avenue | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | 2 | ||||||
Property | 37.01 | San Pedro | Self Storage | Self Storage | Fee | N/A | 1571 West Contour Drive | |||
Property | 37.02 | Vance Jackson | Self Storage | Self Storage | Fee | N/A | 1030 Vance Jackson Road | |||
Loan | 38 | Rite Aid Pittsburgh | 1 | Retail | Single Tenant | Fee | N/A | 5506 Walnut Street | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | 1 | Self Storage | Self Storage | Fee | N/A | 21667 Aldine Westfield Road | ||
Loan | 40 | Wall Street Industrial Center | 1 | Industrial | Flex | Fee | N/A | 1910-2118 Wall Street |
A-1-4 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | City | County | State | Zip Code | Year Built | Year Renovated | Size | Units of Measure | Occupancy Rate | Occupancy Rate As-of Date | Appraised Value | Appraised Value As-of Date |
Loan | 4, 5 | 1 | 101 Hudson Street | Jersey City | Hudson | NJ | 07302 | 1992 | 2015 | 1,341,649 | SF | 98.3% | 9/21/2016 | $482,500,000 | 9/6/2016 |
Loan | 4 | 2 | Harlem USA | New York | New York | NY | 10027 | 1998 | 2004 | 245,849 | SF | 97.7% | 8/1/2016 | $195,000,000 | 8/3/2016 |
Loan | 6 | 3 | Cole Retail Portfolio | 544,503 | SF | 98.0% | $81,900,000 | ||||||||
Property | 3.01 | Lawton Marketplace | Lawton | Comanche | OK | 73505 | 2013 | N/A | 187,965 | SF | 98.8% | 8/31/2016 | $33,900,000 | 8/10/2016 | |
Property | 3.02 | Shops at Abilene | Abilene | Taylor | TX | 79606 | 2004 | N/A | 175,642 | SF | 100.0% | 8/31/2016 | $26,400,000 | 8/10/2016 | |
Property | 3.03 | Houma Crossing | Houma | Terrebonne | LA | 70360 | 2007-2012 | N/A | 180,896 | SF | 95.2% | 8/31/2016 | $21,600,000 | 8/13/2016 | |
Loan | 7 | 4 | Marriott Albany | Albany | Albany | NY | 12205 | 1985 | 2007 | 359 | Rooms | 62.9% | 8/31/2016 | $65,000,000 | 8/9/2016 |
Loan | 4, 8 | 5 | The Orchard | Lake Forest | Orange | CA | 92630 | 1972; 2006 | N/A | 280,644 | SF | 97.6% | 8/24/2016 | $148,000,000 | 9/1/2016 |
Loan | 4, 9 | 6 | Huntington Center | Columbus | Franklin | OH | 43215 | 1984 | N/A | 907,010 | SF | 85.8% | 8/31/2016 | $186,600,000 | 8/22/2016 |
Loan | 4 | 7 | One Penn Center | Philadelphia | Philadelphia | PA | 19103 | 1930 | 1987 | 689,966 | SF | 79.9% | 9/30/2016 | $91,000,000 | 5/31/2016 |
Loan | 4, 10 | 8 | International Square | Washington | N/A | DC | 20006 | 1978-1982 | 2005 | 1,158,732 | SF | 94.2% | 7/18/2016 | $757,000,000 | 6/13/2016 |
Loan | 4 | 9 | Briarwood Mall | Ann Arbor | Washtenaw | MI | 48108 | 1973 | 2015 | 369,916 | SF | 96.1% | 8/1/2016 | $336,000,000 | 7/18/2016 |
Loan | 4, 11 | 10 | Fremaux Town Center | Slidell | Saint Tammany | LA | 70458 | 2014-2015 | N/A | 397,493 | SF | 93.4% | 5/24/2016 | $115,000,000 | 4/28/2016 |
Loan | 4 | 11 | American Greetings HQ | Westlake | Cuyahoga | OH | 44145 | 2016 | N/A | 655,969 | SF | 100.0% | 11/1/2016 | $148,790,000 | 8/30/2016 |
Loan | 4 | 12 | Conrad Indianapolis | Indianapolis | Marion | IN | 46204 | 2006 | 2015 | 247 | Rooms | 73.0% | 8/31/2016 | $85,900,000 | 8/9/2016 |
Loan | 13 | Arboretum at Weston | Cary | Wake | NC | 27513 | 2003 | 2012 | 87,842 | SF | 90.2% | 9/23/2016 | $28,700,000 | 8/24/2016 | |
Loan | 12 | 14 | West Covina Parkway Plaza | West Covina | Los Angeles | CA | 91790 | 1990 | 2005 | 87,379 | SF | 75.8% | 10/3/2016 | $37,100,000 | 8/24/2016 |
Loan | 15 | Sunset Terrace Apartments | Panorama City | Los Angeles | CA | 91402 | 1988 | N/A | 120 | Units | 96.7% | 9/20/2016 | $30,100,000 | 4/30/2016 | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | Savannah | Chatham | GA | 31401 | 2007 | N/A | 143 | Rooms | 84.8% | 7/31/2016 | $30,500,000 | 7/27/2016 | |
Loan | 13 | 17 | Security Public Storage - San Mateo | San Mateo | San Mateo | CA | 94403 | 1985 | N/A | 84,593 | SF | 95.6% | 8/16/2016 | $24,500,000 | 8/16/2016 |
Loan | 18 | Sierra View Plaza | Fresno | Fresno | CA | 93710 | 1988 | N/A | 116,523 | SF | 93.8% | 10/4/2016 | $19,700,000 | 8/31/2016 | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | Toledo | Lucas | OH | 43606 | 2014 | N/A | 111 | Rooms | 81.2% | 7/31/2016 | $19,100,000 | 8/16/2016 | |
Loan | 20 | 11211 Vanowen St | Los Angeles | Los Angeles | CA | 91605 | 1953; 1960; 1973 | 1992 | 202,000 | SF | 100.0% | 8/9/2016 | $22,660,000 | 8/1/2016 | |
Loan | 14 | 21 | Emerald Desert RV Resort | Palm Desert | Riverside | CA | 92211 | 1986 | N/A | 268 | Pads | 100.0% | 11/1/2016 | $24,400,000 | 9/7/2016 |
Loan | 15 | 22 | Calabasas Self Storage | Calabasas | Los Angeles | CA | 91301 | 1998 | 2016 | 79,753 | SF | 98.4% | 9/28/2016 | $19,600,000 | 9/17/2016 |
Loan | 23 | Sun Ridge Townhomes | Fresno | Fresno | CA | 93726 | 1984 | 2013-2016 | 120 | Units | 97.5% | 9/12/2016 | $13,370,000 | 8/31/2016 | |
Loan | 24 | McCarran Commerce Center | Las Vegas | Clark | NV | 89119 | 1997 | N/A | 85,027 | SF | 100.0% | 8/4/2016 | $10,500,000 | 7/20/2016 | |
Loan | 25 | Colonnade at West Lake Houston | Humble | Harris | TX | 77346 | 2004 | N/A | 54,472 | SF | 93.6% | 8/31/2016 | $10,100,000 | 8/15/2016 | |
Loan | 26 | Escondido RV Resort | Escondido | San Diego | CA | 92026 | 1988 | N/A | 126 | Pads | 100.0% | 11/1/2016 | $13,700,000 | 9/6/2016 | |
Loan | 27 | Stoneridge Apartments | Lowell | Kent | MI | 49331 | 2002 | N/A | 96 | Units | 99.0% | 9/8/2016 | $8,200,000 | 9/15/2016 | |
Loan | 28 | Grants Pass Retail | Grants Pass | Josephine | OR | 97526 | 1994-1998 | N/A | 96,348 | SF | 98.8% | 9/1/2016 | $13,600,000 | 8/9/2016 | |
Loan | 29 | Holiday Inn Express - Monroe, MI | Monroe | Monroe | MI | 48162 | 2015 | N/A | 83 | Rooms | 66.6% | 8/31/2016 TTM | $10,100,000 | 9/2/2016 | |
Loan | 30 | South Pointe Plaza - NV | Henderson | Clark | NV | 89052 | 2005 | N/A | 22,102 | SF | 94.8% | 6/10/2016 | $7,100,000 | 8/22/2016 | |
Loan | 10 | 31 | Peoria Marketplace | Peoria | Maricopa | AZ | 85381 | 2001 | N/A | 25,484 | SF | 92.5% | 10/1/2016 | $5,970,000 | 9/2/2016 |
Loan | 32 | Valley Springs Self Storage | Valley Springs | Calaveras | CA | 95252 | 1999 | N/A | 84,330 | SF | 96.2% | 9/12/2016 | $7,750,000 | 8/20/2016 | |
Loan | 33 | Bear Valley West Self Storage | Victorville | San Bernardino | CA | 92392 | 2003 | N/A | 111,220 | SF | 91.7% | 8/14/2016 | $6,100,000 | 7/25/2016 | |
Loan | 34 | Gilbert Road Self Storage | Gilbert | Maricopa | AZ | 85234 | 1985 | 2012 | 63,577 | SF | 92.3% | 8/24/2016 | $6,850,000 | 8/24/2016 | |
Loan | 35 | South Towers Apartments | Los Angeles | Los Angeles | CA | 90006 | 1989 | N/A | 33 | Units | 100.0% | 9/30/2016 | $6,400,000 | 5/2/2016 | |
Loan | 36 | Shoppes of Marysville | Marysville | Union | OH | 43040 | 2006 | N/A | 17,801 | SF | 100.0% | 9/28/2016 | $4,300,000 | 9/12/2016 | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | 56,099 | SF | 95.6% | $3,500,000 | ||||||||
Property | 37.01 | San Pedro | San Antonio | Bexar | TX | 78212 | 1985 | 2015 | 31,274 | SF | 95.4% | 8/3/2016 | $1,760,000 | 8/9/2016 | |
Property | 37.02 | Vance Jackson | San Antonio | Bexar | TX | 78201 | 1991 | 2015 | 24,825 | SF | 95.8% | 8/3/2016 | $1,740,000 | 8/9/2016 | |
Loan | 38 | Rite Aid Pittsburgh | Pittsburgh | Allegheny | PA | 15232 | 1950 | 1994 | 5,368 | SF | 100.0% | 11/1/2016 | $4,500,000 | 8/28/2016 | |
Loan | 39 | Right Move Aldine Westfield Self Storage | Humble | Harris | TX | 77338 | 2006 | N/A | 63,705 | SF | 87.9% | 8/31/2016 | $5,100,000 | 5/3/2016 | |
Loan | 40 | Wall Street Industrial Center | Garland | Dallas | TX | 75041 | 1984 | N/A | 56,000 | SF | 100.0% | 9/19/2016 | $2,650,000 | 7/14/2016 |
A-1-5 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
MORTGAGE LOAN CHARACTERISTICS | ||||||||||||||
Property Flag | Footnotes | Loan ID | Property Name | Mortgage Rate | Administrative Fee Rate(2) | Master Servicing Fee Rate | Primary Servicing Fee Rate | Pari Passu Loan Primary Fee Rate | Trustee Fee Rate | Trust Advisor Fee Rate | Asset Representations Reviewer Fee Rate | CREFC Fee Rate | Interest Accrual Basis | |
Loan | 4, 5 | 1 | 101 Hudson Street | 3.117% | 0.01964% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00477% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4 | 2 | Harlem USA | 3.310% | 0.01973% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00486% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 6 | 3 | Cole Retail Portfolio | 3.981% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Property | 3.01 | Lawton Marketplace | ||||||||||||
Property | 3.02 | Shops at Abilene | ||||||||||||
Property | 3.03 | Houma Crossing | ||||||||||||
Loan | 7 | 4 | Marriott Albany | 4.200% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4, 8 | 5 | The Orchard | 3.970% | 0.01487% | 0.00250% | 0.00000% | 0.00250% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4, 9 | 6 | Huntington Center | 3.530% | 0.01487% | 0.00250% | 0.00000% | 0.00250% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4 | 7 | One Penn Center | 4.900% | 0.01487% | 0.00250% | 0.00000% | 0.00250% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4, 10 | 8 | International Square | 3.615% | 0.01362% | 0.00250% | 0.00000% | 0.00125% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4 | 9 | Briarwood Mall | 3.292% | 0.01487% | 0.00250% | 0.00000% | 0.00250% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4, 11 | 10 | Fremaux Town Center | 3.699% | 0.01487% | 0.00250% | 0.00000% | 0.00250% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4 | 11 | American Greetings HQ | 4.716% | 0.04237% | 0.00250% | 0.00000% | 0.03000% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 4 | 12 | Conrad Indianapolis | 4.520% | 0.01487% | 0.00250% | 0.00000% | 0.00250% | 0.00896% | 0.00000% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 13 | Arboretum at Weston | 4.196% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 12 | 14 | West Covina Parkway Plaza | 4.190% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 15 | Sunset Terrace Apartments | 4.269% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | 4.260% | 0.04576% | 0.00250% | 0.03000% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | 4.410% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 18 | Sierra View Plaza | 4.260% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | 4.330% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 20 | 11211 Vanowen St | 4.480% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 14 | 21 | Emerald Desert RV Resort | 4.000% | 0.04576% | 0.00250% | 0.03000% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 15 | 22 | Calabasas Self Storage | 3.971% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 23 | Sun Ridge Townhomes | 4.010% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 24 | McCarran Commerce Center | 4.410% | 0.06826% | 0.00250% | 0.05250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 25 | Colonnade at West Lake Houston | 3.995% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 26 | Escondido RV Resort | 4.000% | 0.07576% | 0.00250% | 0.06000% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 27 | Stoneridge Apartments | 3.779% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 28 | Grants Pass Retail | 3.689% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | 4.597% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 30 | South Pointe Plaza - NV | 4.480% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 10 | 31 | Peoria Marketplace | 4.370% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Loan | 32 | Valley Springs Self Storage | 4.540% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 33 | Bear Valley West Self Storage | 4.500% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 34 | Gilbert Road Self Storage | 4.043% | 0.10336% | 0.00250% | 0.08760% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 35 | South Towers Apartments | 4.269% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 36 | Shoppes of Marysville | 4.330% | 0.10576% | 0.00250% | 0.09000% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | 4.770% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | |
Property | 37.01 | San Pedro | ||||||||||||
Property | 37.02 | Vance Jackson | ||||||||||||
Loan | 38 | Rite Aid Pittsburgh | 4.450% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | 4.514% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 | ||
Loan | 40 | Wall Street Industrial Center | 4.350% | 0.01826% | 0.00250% | 0.00250% | 0.00000% | 0.00896% | 0.00339% | 0.00041% | 0.00050% | Actual/360 |
A-1-6 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Seasoning (mos.) | ARD (Yes/No) | Original Term to Maturity (mos.) | 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 |
Loan | 4, 5 | 1 | 101 Hudson Street | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 9/30/2016 | 11/11/2016 | N/A | 10/11/2026 |
Loan | 4 | 2 | Harlem USA | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 9/28/2016 | 11/1/2016 | N/A | 10/1/2026 |
Loan | 6 | 3 | Cole Retail Portfolio | 1 | No | 60 | 59 | 60 | 59 | 0 | 0 | 9/29/2016 | 11/1/2016 | N/A | 10/1/2021 |
Property | 3.01 | Lawton Marketplace | |||||||||||||
Property | 3.02 | Shops at Abilene | |||||||||||||
Property | 3.03 | Houma Crossing | |||||||||||||
Loan | 7 | 4 | Marriott Albany | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/21/2016 | 12/1/2016 | N/A | 11/1/2026 |
Loan | 4, 8 | 5 | The Orchard | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/17/2016 | 12/1/2016 | N/A | 11/1/2026 |
Loan | 4, 9 | 6 | Huntington Center | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 9/30/2016 | 11/7/2016 | 11/7/2021 | 10/7/2026 |
Loan | 4 | 7 | One Penn Center | 3 | No | 120 | 117 | 36 | 33 | 360 | 360 | 7/19/2016 | 9/11/2016 | 9/11/2019 | 8/11/2026 |
Loan | 4, 10 | 8 | International Square | 3 | No | 120 | 117 | 120 | 117 | 0 | 0 | 7/11/2016 | 9/10/2016 | N/A | 8/10/2026 |
Loan | 4 | 9 | Briarwood Mall | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 8/15/2016 | 10/1/2016 | N/A | 9/1/2026 |
Loan | 4, 11 | 10 | Fremaux Town Center | 5 | No | 120 | 115 | 0 | 0 | 300 | 295 | 6/9/2016 | 7/11/2016 | N/A | 6/11/2026 |
Loan | 4 | 11 | American Greetings HQ | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 10/5/2016 | 12/1/2016 | N/A | 11/1/2026 |
Loan | 4 | 12 | Conrad Indianapolis | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 9/13/2016 | 11/11/2016 | N/A | 10/11/2026 |
Loan | 13 | Arboretum at Weston | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | 10/6/2016 | 12/1/2016 | 12/1/2019 | 11/1/2026 | |
Loan | 12 | 14 | West Covina Parkway Plaza | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 10/7/2016 | 11/11/2016 | 11/11/2021 | 10/11/2026 |
Loan | 15 | Sunset Terrace Apartments | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/11/2016 | 12/6/2016 | N/A | 11/6/2026 | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 8/25/2016 | 10/11/2016 | N/A | 9/11/2026 | |
Loan | 13 | 17 | Security Public Storage - San Mateo | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | 10/4/2016 | 11/11/2016 | 11/11/2019 | 10/11/2026 |
Loan | 18 | Sierra View Plaza | 0 | No | 120 | 120 | 12 | 12 | 360 | 360 | 10/19/2016 | 12/11/2016 | 12/11/2017 | 11/11/2026 | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 | 9/15/2016 | 11/11/2016 | 11/11/2017 | 10/11/2026 | |
Loan | 20 | 11211 Vanowen St | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 8/31/2016 | 10/1/2016 | N/A | 9/1/2026 | |
Loan | 14 | 21 | Emerald Desert RV Resort | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 10/20/2016 | 12/11/2016 | N/A | 11/11/2026 |
Loan | 15 | 22 | Calabasas Self Storage | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/5/2016 | 12/1/2016 | N/A | 11/1/2026 |
Loan | 23 | Sun Ridge Townhomes | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 9/30/2016 | 11/1/2016 | N/A | 10/1/2026 | |
Loan | 24 | McCarran Commerce Center | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 9/22/2016 | 11/1/2016 | N/A | 10/1/2026 | |
Loan | 25 | Colonnade at West Lake Houston | 2 | No | 84 | 82 | 0 | 0 | 300 | 298 | 9/1/2016 | 10/1/2016 | N/A | 9/1/2023 | |
Loan | 26 | Escondido RV Resort | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 10/20/2016 | 12/11/2016 | N/A | 11/11/2026 | |
Loan | 27 | Stoneridge Apartments | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 9/30/2016 | 11/1/2016 | N/A | 10/1/2026 | |
Loan | 28 | Grants Pass Retail | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 9/9/2016 | 11/1/2016 | N/A | 10/1/2026 | |
Loan | 29 | Holiday Inn Express - Monroe, MI | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 10/21/2016 | 12/1/2016 | N/A | 11/1/2026 | |
Loan | 30 | South Pointe Plaza - NV | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/12/2016 | 12/11/2016 | N/A | 11/11/2026 | |
Loan | 10 | 31 | Peoria Marketplace | 0 | No | 120 | 120 | 60 | 60 | 360 | 360 | 10/14/2016 | 12/11/2016 | 12/11/2021 | 11/11/2026 |
Loan | 32 | Valley Springs Self Storage | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/18/2016 | 12/11/2016 | N/A | 11/11/2026 | |
Loan | 33 | Bear Valley West Self Storage | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 9/29/2016 | 11/11/2016 | N/A | 10/11/2026 | |
Loan | 34 | Gilbert Road Self Storage | 0 | No | 120 | 120 | 48 | 48 | 360 | 360 | 10/3/2016 | 12/1/2016 | 12/1/2020 | 11/1/2026 | |
Loan | 35 | South Towers Apartments | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/11/2016 | 12/6/2016 | N/A | 11/6/2026 | |
Loan | 36 | Shoppes of Marysville | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/21/2016 | 12/11/2016 | N/A | 11/11/2026 | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 9/8/2016 | 10/11/2016 | N/A | 9/11/2026 |
Property | 37.01 | San Pedro | |||||||||||||
Property | 37.02 | Vance Jackson | |||||||||||||
Loan | 38 | Rite Aid Pittsburgh | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/20/2016 | 12/11/2016 | N/A | 11/11/2026 | |
Loan | 39 | Right Move Aldine Westfield Self Storage | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 10/18/2016 | 12/1/2016 | N/A | 11/1/2026 | |
Loan | 40 | Wall Street Industrial Center | 1 | No | 60 | 59 | 0 | 0 | 360 | 359 | 9/29/2016 | 11/11/2016 | N/A | 10/11/2021 |
A-1-7 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | ARD Loan Final Maturity Date | Monthly Debt Service (P&I) | Monthly Debt Service (IO) | Annual Debt Service (P&I) | Annual Debt Service (IO) | Lockbox Type | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans | UW NOI DSCR (P&I) | UW NOI DSCR (IO) |
Loan | 4, 5 | 1 | 101 Hudson Street | N/A | $0.00 | $190,934.29 | $0 | $2,291,211 | Hard | Springing | No | N/A | N/A | 4.07x |
Loan | 4 | 2 | Harlem USA | N/A | $0.00 | $190,171.76 | $0 | $2,282,061 | Hard | Springing | No | N/A | N/A | 2.97x |
Loan | 6 | 3 | Cole Retail Portfolio | N/A | $0.00 | $156,406.30 | $0 | $1,876,876 | Hard | Springing | No | N/A | N/A | 3.20x |
Property | 3.01 | Lawton Marketplace | ||||||||||||
Property | 3.02 | Shops at Abilene | ||||||||||||
Property | 3.03 | Houma Crossing | ||||||||||||
Loan | 7 | 4 | Marriott Albany | N/A | $222,502.81 | $0.00 | $2,670,034 | $0 | Hard | Springing | No | N/A | 2.38x | N/A |
Loan | 4, 8 | 5 | The Orchard | N/A | $190,274.95 | $0.00 | $2,283,299 | $0 | Hard | Springing | No | N/A | 1.40x | N/A |
Loan | 4, 9 | 6 | Huntington Center | N/A | $180,288.40 | $119,300.93 | $2,163,461 | $1,431,611 | Hard | In Place | No | N/A | 1.71x | 2.58x |
Loan | 4 | 7 | One Penn Center | N/A | $175,139.82 | $136,621.53 | $2,101,678 | $1,639,458 | Hard | In Place | No | N/A | 1.50x | 1.92x |
Loan | 4, 10 | 8 | International Square | N/A | $0.00 | $91,630.21 | $0 | $1,099,563 | Hard | Springing | No | N/A | N/A | 4.74x |
Loan | 4 | 9 | Briarwood Mall | N/A | $0.00 | $83,443.06 | $0 | $1,001,317 | Hard | Springing | No | N/A | N/A | 3.51x |
Loan | 4, 11 | 10 | Fremaux Town Center | N/A | $153,407.85 | $0.00 | $1,840,894 | $0 | Soft | Springing | No | N/A | 1.44x | N/A |
Loan | 4 | 11 | American Greetings HQ | N/A | $153,404.15 | $0.00 | $1,840,850 | $0 | Hard | Springing | No | N/A | 1.57x | N/A |
Loan | 4 | 12 | Conrad Indianapolis | N/A | $120,366.22 | $0.00 | $1,444,395 | $0 | Springing | Springing | No | N/A | 2.06x | N/A |
Loan | 13 | Arboretum at Weston | N/A | $104,477.52 | $75,779.32 | $1,253,730 | $909,352 | Hard | Springing | No | N/A | 1.53x | 2.11x | |
Loan | 12 | 14 | West Covina Parkway Plaza | N/A | $98,175.17 | $71,157.26 | $1,178,102 | $853,887 | Springing | Springing | No | N/A | 1.36x | 1.88x |
Loan | 15 | Sunset Terrace Apartments | N/A | $89,736.68 | $0.00 | $1,076,840 | $0 | Springing | Springing | No | Group 1 | 1.42x | N/A | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | N/A | $88,654.59 | $0.00 | $1,063,855 | $0 | Springing | Springing | No | N/A | 2.26x | N/A | |
Loan | 13 | 17 | Security Public Storage - San Mateo | N/A | $79,213.58 | $58,871.46 | $950,563 | $706,458 | N/A | N/A | No | N/A | 1.47x | 1.98x |
Loan | 18 | Sierra View Plaza | N/A | $72,770.64 | $53,179.74 | $873,248 | $638,157 | Springing | Springing | No | N/A | 1.45x | 1.98x | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | N/A | $66,052.40 | $48,657.37 | $792,629 | $583,888 | Springing | Springing | No | N/A | 2.25x | 3.06x | |
Loan | 20 | 11211 Vanowen St | N/A | $67,231.19 | $0.00 | $806,774 | $0 | Springing | Springing | No | N/A | 1.51x | N/A | |
Loan | 14 | 21 | Emerald Desert RV Resort | N/A | $65,671.74 | $0.00 | $788,061 | $0 | Springing | Springing | No | Group 2 | 1.78x | N/A |
Loan | 15 | 22 | Calabasas Self Storage | N/A | $0.00 | $36,906.40 | $0 | $442,877 | Springing | Springing | No | N/A | N/A | 2.59x |
Loan | 23 | Sun Ridge Townhomes | N/A | $45,409.24 | $0.00 | $544,911 | $0 | Springing | Springing | No | N/A | 1.56x | N/A | |
Loan | 24 | McCarran Commerce Center | N/A | $36,097.33 | $0.00 | $433,168 | $0 | Springing | Springing | No | N/A | 1.68x | N/A | |
Loan | 25 | Colonnade at West Lake Houston | N/A | $36,929.26 | $0.00 | $443,151 | $0 | Springing | Springing | No | N/A | 1.83x | N/A | |
Loan | 26 | Escondido RV Resort | N/A | $34,585.36 | $0.00 | $415,024 | $0 | Springing | Springing | No | Group 2 | 1.98x | N/A | |
Loan | 27 | Stoneridge Apartments | N/A | $30,060.85 | $0.00 | $360,730 | $0 | Springing | Springing | No | N/A | 1.78x | N/A | |
Loan | 28 | Grants Pass Retail | N/A | $0.00 | $19,480.40 | $0 | $233,765 | Springing | Springing | No | N/A | N/A | 3.78x | |
Loan | 29 | Holiday Inn Express - Monroe, MI | N/A | $30,874.39 | $0.00 | $370,493 | $0 | Hard | Springing | No | N/A | 2.39x | N/A | |
Loan | 30 | South Pointe Plaza - NV | N/A | $20,978.15 | $0.00 | $251,738 | $0 | Springing | Springing | No | N/A | 1.58x | N/A | |
Loan | 10 | 31 | Peoria Marketplace | N/A | $18,961.63 | $14,030.53 | $227,540 | $168,366 | Springing | Springing | No | N/A | 1.85x | 2.50x |
Loan | 32 | Valley Springs Self Storage | N/A | $19,089.93 | $0.00 | $229,079 | $0 | Springing | Springing | No | N/A | 1.93x | N/A | |
Loan | 33 | Bear Valley West Self Storage | N/A | $18,367.34 | $0.00 | $220,408 | $0 | N/A | N/A | No | N/A | 1.82x | N/A | |
Loan | 34 | Gilbert Road Self Storage | N/A | $16,436.49 | $11,699.67 | $197,238 | $140,396 | Springing | Springing | No | N/A | 2.07x | 2.91x | |
Loan | 35 | South Towers Apartments | N/A | $15,679.27 | $0.00 | $188,151 | $0 | Springing | Springing | No | Group 1 | 1.47x | N/A | |
Loan | 36 | Shoppes of Marysville | N/A | $14,899.04 | $0.00 | $178,788 | $0 | N/A | N/A | No | N/A | 1.83x | N/A | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | N/A | $11,842.63 | $0.00 | $142,112 | $0 | N/A | N/A | No | N/A | 1.49x | N/A |
Property | 37.01 | San Pedro | ||||||||||||
Property | 37.02 | Vance Jackson | ||||||||||||
Loan | 38 | Rite Aid Pittsburgh | N/A | $0.00 | $7,632.47 | $0 | $91,590 | Springing | Springing | No | N/A | N/A | 2.32x | |
Loan | 39 | Right Move Aldine Westfield Self Storage | N/A | $11,271.71 | $0.00 | $135,261 | $0 | Springing | Springing | No | N/A | 2.34x | N/A | |
Loan | 40 | Wall Street Industrial Center | N/A | $9,134.85 | $0.00 | $109,618 | $0 | Springing | Springing | No | N/A | 2.09x | N/A |
A-1-8 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | UW NCF DSCR (P&I) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio | Maturity Date LTV Ratio | Grace Period to Late Charge (Days) | Grace Period to (Days) | Due Date | Prepayment Provisions (No. of Payments) | YM Formula | |
Loan | 4, 5 | 1 | 101 Hudson Street | N/A | 3.68x | 51.8% | 51.8% | 0 | 0 | Eleventh | LO(25);YM1(88);O(7) | A | |
Loan | 4 | 2 | Harlem USA | N/A | 2.83x | 55.4% | 55.4% | 5 | 5 | First | LO(25);DEF(91);O(4) | ||
Loan | 6 | 3 | Cole Retail Portfolio | N/A | 2.99x | 56.8% | 56.8% | 4 | 4 | First | LO(25);YM1(30);O(5) | B | |
Property | 3.01 | Lawton Marketplace | |||||||||||
Property | 3.02 | Shops at Abilene | |||||||||||
Property | 3.03 | Houma Crossing | |||||||||||
Loan | 7 | 4 | Marriott Albany | 2.11x | N/A | 70.0% | 56.1% | 5 | 5 | First | LO(24);DEF(92);O(4) | ||
Loan | 4, 8 | 5 | The Orchard | 1.35x | N/A | 68.2% | 54.3% | 0 | 5 | First | LO(24);YM1(89);O(7) | C | |
Loan | 4, 9 | 6 | Huntington Center | 1.54x | 2.32x | 75.0% | 67.7% | 0 | 0 | Seventh | LO(25);DEF(91);O(4) | ||
Loan | 4 | 7 | One Penn Center | 1.29x | 1.66x | 74.7% | 66.1% | 0 | 0 | Eleventh | LO(27);DEF(88);O(5) | ||
Loan | 4, 10 | 8 | International Square | N/A | 4.31x | 32.6% | 32.6% | 0 | 0 | Tenth | LO(27);DEF(86);O(7) | ||
Loan | 4 | 9 | Briarwood Mall | N/A | 3.34x | 49.1% | 49.1% | 0 | 4 | First | LO(26);DEF(87);O(7) | ||
Loan | 4, 11 | 10 | Fremaux Town Center | 1.32x | N/A | 62.8% | 45.3% | 0 | 0 | Eleventh | LO(35);YM1(81);O(4) | D | |
Loan | 4 | 11 | American Greetings HQ | 1.45x | N/A | 61.8% | 45.9% | 0 | 0 | First | LO(24);DEF(92);O(4) | ||
Loan | 4 | 12 | Conrad Indianapolis | 1.71x | N/A | 64.8% | 52.6% | 0 | 0 | Eleventh | LO(25);DEF(90);O(5) | ||
Loan | 13 | Arboretum at Weston | 1.48x | 2.03x | 74.5% | 64.9% | 0 | 0 | First | LO(24);DEF(92);O(4) | |||
Loan | 12 | 14 | West Covina Parkway Plaza | 1.33x | 1.84x | 54.2% | 49.4% | 0 | 0 | Eleventh | LO(25);DEF(90);O(5) | ||
Loan | 15 | Sunset Terrace Apartments | 1.38x | N/A | 60.5% | 48.6% | 0 | 0 | Sixth | LO(24);DEF(91);O(5) | |||
Loan | 16 | Holiday Inn Express Savannah - Historic District | 1.96x | N/A | 58.9% | 47.4% | 0 | 0 | Eleventh | LO(26);DEF(90);O(4) | |||
Loan | 13 | 17 | Security Public Storage - San Mateo | 1.46x | 1.96x | 64.5% | 56.5% | 0 | 0 | Eleventh | LO(25);DEF/YM1(88);O(7) | E | |
Loan | 18 | Sierra View Plaza | 1.37x | 1.88x | 75.0% | 62.1% | 5 | 0 | Eleventh | LO(24);DEF(92);O(4) | |||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | 2.04x | 2.77x | 69.6% | 57.8% | 0 | 0 | Eleventh | LO(25);YM1(91);O(4) | F | ||
Loan | 20 | 11211 Vanowen St | 1.43x | N/A | 58.5% | 47.5% | 5 | 5 | First | LO(26);DEF(90);O(4) | |||
Loan | 14 | 21 | Emerald Desert RV Resort | 1.77x | N/A | 51.0% | 36.8% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | ||
Loan | 15 | 22 | Calabasas Self Storage | N/A | 2.57x | 56.1% | 56.1% | 5 | 4 | First | LO(24);DEF/YM1(91);O(5) | G | |
Loan | 23 | Sun Ridge Townhomes | 1.51x | N/A | 71.0% | 56.6% | 5 | 5 | First | LO(25);DEF(91);O(4) | |||
Loan | 24 | McCarran Commerce Center | 1.51x | N/A | 68.5% | 55.4% | 5 | 5 | First | LO(25);DEF(91);O(4) | |||
Loan | 25 | Colonnade at West Lake Houston | 1.63x | N/A | 69.0% | 56.7% | 5 | 5 | First | LO(26);DEF(54);O(4) | |||
Loan | 26 | Escondido RV Resort | 1.97x | N/A | 47.8% | 34.6% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | |||
Loan | 27 | Stoneridge Apartments | 1.70x | N/A | 78.8% | 62.3% | 5 | 4 | First | LO(25);DEF(91);O(4) | |||
Loan | 28 | Grants Pass Retail | N/A | 3.43x | 46.0% | 46.0% | 5 | 4 | First | LO(25);DEF(87);O(8) | |||
Loan | 29 | Holiday Inn Express - Monroe, MI | 2.16x | N/A | 54.5% | 40.3% | 5 | 4 | First | LO(24);DEF(92);O(4) | |||
Loan | 30 | South Pointe Plaza - NV | 1.44x | N/A | 58.5% | 47.3% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | |||
Loan | 10 | 31 | Peoria Marketplace | 1.67x | 2.26x | 63.7% | 58.2% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | ||
Loan | 32 | Valley Springs Self Storage | 1.88x | N/A | 48.4% | 39.3% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | |||
Loan | 33 | Bear Valley West Self Storage | 1.74x | N/A | 59.4% | 48.2% | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | |||
Loan | 34 | Gilbert Road Self Storage | 2.02x | 2.83x | 50.0% | 44.5% | 5 | 4 | First | LO(24);DEF(92);O(4) | |||
Loan | 35 | South Towers Apartments | 1.43x | N/A | 49.7% | 39.9% | 0 | 0 | Sixth | LO(24);DEF(91);O(5) | |||
Loan | 36 | Shoppes of Marysville | 1.66x | N/A | 69.8% | 56.2% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | |||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | 1.44x | N/A | 64.6% | 52.9% | 0 | 0 | Eleventh | LO(26);DEF(90);O(4) | ||
Property | 37.01 | San Pedro | |||||||||||
Property | 37.02 | Vance Jackson | |||||||||||
Loan | 38 | Rite Aid Pittsburgh | N/A | 2.21x | 45.1% | 45.1% | 5 | 0 | Eleventh | LO(24);DEF(92);O(4) | |||
Loan | 39 | Right Move Aldine Westfield Self Storage | 2.29x | N/A | 39.7% | 29.3% | 5 | 4 | First | LO(24);DEF(92);O(4) | |||
Loan | 40 | Wall Street Industrial Center | 1.63x | N/A | 69.2% | 63.3% | 0 | 0 | Eleventh | LO(25);DEF(31);O(4) |
A-1-9 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS | ||||||||||||||
Property Flag | Footnotes | Loan ID | 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 | |
Loan | 4, 5 | 1 | 101 Hudson Street | $38,228,378 | $17,641,097 | $20,587,281 | 12/31/2014 | 8.2% | $38,571,011 | $17,274,342 | $21,296,669 | 12/31/2015 | 8.5% | |
Loan | 4 | 2 | Harlem USA | $12,611,898 | $2,965,895 | $9,646,003 | 12/31/2014 | 8.9% | $13,637,883 | $3,050,030 | $10,587,853 | 12/31/2015 | 9.8% | |
Loan | 6 | 3 | Cole Retail Portfolio | N/A | N/A | N/A | N/A | N/A | $7,952,983 | $1,781,629 | $6,171,354 | 12/31/2015 | 13.3% | |
Property | 3.01 | Lawton Marketplace | N/A | N/A | N/A | N/A | $2,997,556 | $573,386 | $2,424,170 | 12/31/2015 | ||||
Property | 3.02 | Shops at Abilene | N/A | N/A | N/A | N/A | $2,708,084 | $797,236 | $1,910,848 | 12/31/2015 | ||||
Property | 3.03 | Houma Crossing | N/A | N/A | N/A | N/A | $2,247,343 | $411,007 | $1,836,336 | 12/31/2015 | ||||
Loan | 7 | 4 | Marriott Albany | $19,361,388 | $12,195,253 | $7,166,135 | 12/31/2014 | 15.7% | $18,838,981 | $11,868,428 | $6,970,553 | 12/31/2015 | 15.3% | |
Loan | 4, 8 | 5 | The Orchard | $9,926,195 | $2,438,484 | $7,487,711 | 12/31/2014 | 7.4% | $10,243,797 | $2,386,682 | $7,857,115 | 12/31/2015 | 7.8% | |
Loan | 4, 9 | 6 | Huntington Center | $24,716,835 | $10,320,004 | $14,396,831 | 12/31/2014 | 10.3% | $23,901,862 | $10,645,833 | $13,256,029 | 12/31/2015 | 9.5% | |
Loan | 4 | 7 | One Penn Center | $13,574,507 | $6,691,359 | $6,883,148 | 12/31/2014 | 10.1% | $13,550,121 | $6,326,742 | $7,223,379 | 12/31/2015 | 10.6% | |
Loan | 4, 10 | 8 | International Square | $63,052,635 | $23,027,148 | $40,025,487 | 12/31/2014 | 16.2% | $61,978,680 | $24,763,705 | $37,214,975 | 12/31/2015 | 15.1% | |
Loan | 4 | 9 | Briarwood Mall | $26,455,795 | $7,392,111 | $19,063,684 | 12/31/2014 | 11.6% | $26,901,911 | $7,447,365 | $19,454,546 | 12/31/2015 | 11.8% | |
Loan | 4, 11 | 10 | Fremaux Town Center | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 4 | 11 | American Greetings HQ | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 4 | 12 | Conrad Indianapolis | $21,137,908 | $14,616,902 | $6,521,006 | Actual 2014 | 11.7% | $22,708,579 | $16,506,344 | $6,202,235 | Actual 2015 | 11.1% | |
Loan | 13 | Arboretum at Weston | $2,088,660 | $616,714 | $1,471,946 | 12/31/2014 | 6.9% | $2,149,207 | $662,992 | $1,486,215 | 12/31/2015 | 7.0% | ||
Loan | 12 | 14 | West Covina Parkway Plaza | $2,707,583 | $724,490 | $1,983,093 | 12/31/2014 | 9.9% | $2,600,062 | $780,887 | $1,819,175 | 12/31/2015 | 9.1% | |
Loan | 15 | Sunset Terrace Apartments | $2,140,887 | $813,079 | $1,327,808 | 12/31/2014 | 7.3% | $2,244,781 | $766,685 | $1,478,096 | 12/31/2015 | 8.1% | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | $8,050,835 | $5,181,568 | $2,869,267 | Actual 2014 | 16.0% | $8,448,222 | $5,251,966 | $3,196,256 | Actual 2015 | 17.8% | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | $1,699,830 | $406,475 | $1,293,355 | 12/31/2014 | 8.2% | $1,828,822 | $435,270 | $1,393,552 | 12/31/2015 | 8.8% | |
Loan | 18 | Sierra View Plaza | $1,369,784 | $430,389 | $939,395 | 12/31/2014 | 6.4% | $943,794 | $506,643 | $437,151 | 12/31/2015 | 3.0% | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | N/A | N/A | N/A | N/A | N/A | $4,239,198 | $1,951,986 | $2,287,212 | 12/31/2015 | 17.2% | ||
Loan | 20 | 11211 Vanowen St | $1,418,079 | $398,861 | $1,019,218 | 12/31/2013 | 7.7% | $1,676,551 | $439,623 | $1,236,928 | 12/31/2014 | 9.3% | ||
Loan | 14 | 21 | Emerald Desert RV Resort | $2,839,042 | $1,513,302 | $1,325,740 | 12/31/2014 | 10.7% | $2,946,127 | $1,617,284 | $1,328,843 | 12/31/2015 | 10.7% | |
Loan | 15 | 22 | Calabasas Self Storage | $1,502,648 | $435,752 | $1,066,896 | 12/31/2014 | 9.7% | $1,606,705 | $459,213 | $1,147,491 | 12/31/2015 | 10.4% | |
Loan | 23 | Sun Ridge Townhomes | $1,296,159 | $513,779 | $782,380 | 12/31/2014 | 8.2% | $1,324,094 | $545,713 | $778,381 | 12/31/2015 | 8.2% | ||
Loan | 24 | McCarran Commerce Center | $518,378 | $197,692 | $320,686 | 12/31/2014 | 4.5% | $644,892 | $198,326 | $446,566 | 12/31/2015 | 6.2% | ||
Loan | 25 | Colonnade at West Lake Houston | $1,188,008 | $438,700 | $749,308 | 12/31/2014 | 10.7% | $1,259,566 | $471,964 | $787,602 | 12/31/2015 | 11.3% | ||
Loan | 26 | Escondido RV Resort | $1,357,268 | $614,658 | $742,611 | 12/31/2014 | 11.3% | $1,429,058 | $645,114 | $783,944 | 12/31/2015 | 12.0% | ||
Loan | 27 | Stoneridge Apartments | $923,654 | $374,373 | $549,281 | 12/31/2014 | 8.5% | $971,248 | $366,857 | $604,391 | 12/31/2015 | 9.4% | ||
Loan | 28 | Grants Pass Retail | $1,095,053 | $267,110 | $827,943 | 12/31/2014 | 13.2% | $1,099,486 | $264,198 | $835,288 | 12/31/2015 | 13.4% | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | N/A | N/A | N/A | N/A | N/A | $1,447,556 | $870,563 | $576,993 | 12/31/2015 | 10.5% | ||
Loan | 30 | South Pointe Plaza - NV | $482,911 | $127,431 | $355,479 | 12/31/2014 | 8.6% | $487,225 | $145,208 | $342,017 | 12/31/2015 | 8.2% | ||
Loan | 10 | 31 | Peoria Marketplace | $597,605 | $235,152 | $362,452 | 12/31/2013 | 9.5% | $637,943 | $230,581 | $407,361 | 12/31/2015 | 10.7% | |
Loan | 32 | Valley Springs Self Storage | $633,032 | $231,654 | $401,378 | 12/31/2014 | 10.7% | $686,776 | $250,469 | $436,308 | 12/31/2015 | 11.6% | ||
Loan | 33 | Bear Valley West Self Storage | $520,554 | $130,297 | $390,257 | 12/31/2014 | 10.8% | $563,725 | $142,245 | $421,480 | 12/31/2015 | 11.6% | ||
Loan | 34 | Gilbert Road Self Storage | $561,768 | $193,104 | $368,664 | 12/31/2014 | 10.8% | $565,440 | $195,095 | $370,345 | 12/31/2015 | 10.8% | ||
Loan | 35 | South Towers Apartments | $410,969 | $228,777 | $182,192 | 12/31/2014 | 5.7% | $448,892 | $195,869 | $253,023 | 12/31/2015 | 8.0% | ||
Loan | 36 | Shoppes of Marysville | $591,147 | $283,036 | $308,111 | 12/31/2014 | 10.3% | $603,833 | $249,689 | $354,144 | 12/31/2015 | 11.8% | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | $352,256 | $173,432 | $178,824 | 12/31/2014 | 7.9% | $407,931 | $187,864 | $220,067 | 12/31/2015 | 9.7% | |
Property | 37.01 | San Pedro | $159,105 | $84,498 | $74,607 | 12/31/2014 | $198,270 | $92,554 | $105,715 | 12/31/2015 | ||||
Property | 37.02 | Vance Jackson | $193,151 | $88,934 | $104,217 | 12/31/2014 | $209,661 | $95,310 | $114,351 | 12/31/2015 | ||||
Loan | 38 | Rite Aid Pittsburgh | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | $606,717 | $256,298 | $350,419 | 12/31/2014 | 17.3% | $589,928 | $258,836 | $331,092 | 12/31/2015 | 16.4% | ||
Loan | 40 | Wall Street Industrial Center | $323,469 | $120,058 | $203,411 | 12/31/2014 | 11.1% | $314,663 | $116,395 | $198,267 | 12/31/2015 | 10.8% |
A-1-10 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Most Recent Revenues | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | Most Recent NOI Debt Yield | Underwritten Occupancy Rate | Underwritten Effective Gross Income | Underwritten Total Expenses | Underwritten NOI | Underwritten NOI Debt Yield |
Loan | 4, 5 | 1 | 101 Hudson Street | $39,960,773 | $16,855,969 | $23,104,804 | 7/31/2016 TTM | 9.2% | 95.0% | $50,810,573 | $18,681,652 | $32,128,921 | 12.9% |
Loan | 4 | 2 | Harlem USA | $13,914,815 | $3,145,793 | $10,769,022 | 6/30/2016 TTM | 10.0% | 95.0% | $15,265,618 | $4,508,451 | $10,757,167 | 10.0% |
Loan | 6 | 3 | Cole Retail Portfolio | $8,071,081 | $1,871,719 | $6,199,362 | 7/31/2016 TTM | 13.3% | 95.0% | $8,046,633 | $2,048,439 | $5,998,194 | 12.9% |
Property | 3.01 | Lawton Marketplace | $2,992,580 | $569,249 | $2,423,331 | 7/31/2016 TTM | 95.0% | $2,916,927 | $647,739 | $2,269,188 | |||
Property | 3.02 | Shops at Abilene | $2,844,763 | $894,567 | $1,950,196 | 7/31/2016 TTM | 95.0% | $2,751,040 | $878,505 | $1,872,535 | |||
Property | 3.03 | Houma Crossing | $2,233,738 | $407,903 | $1,825,835 | 7/31/2016 TTM | 95.0% | $2,378,666 | $522,196 | $1,856,470 | |||
Loan | 7 | 4 | Marriott Albany | $18,168,208 | $11,736,098 | $6,432,110 | 8/31/2016 TTM | 14.1% | 62.9% | $18,118,569 | $11,755,798 | $6,362,771 | 14.0% |
Loan | 4, 8 | 5 | The Orchard | $10,300,691 | $2,472,924 | $7,827,767 | 6/30/2016 TTM | 7.8% | 95.0% | $10,586,321 | $2,492,979 | $8,093,342 | 8.0% |
Loan | 4, 9 | 6 | Huntington Center | $23,595,386 | $10,564,579 | $13,030,807 | 7/31/2016 TTM | 9.3% | 83.3% | $24,166,800 | $11,235,890 | $12,930,910 | 9.2% |
Loan | 4 | 7 | One Penn Center | $13,322,631 | $6,463,049 | $6,859,582 | 4/30/2016 TTM | 10.1% | 79.4% | $12,953,119 | $6,464,978 | $6,488,141 | 9.5% |
Loan | 4, 10 | 8 | International Square | $58,690,186 | $24,421,674 | $34,268,512 | 6/30/2016 TTM | 13.9% | 95.0% | $66,829,397 | $23,946,047 | $42,883,351 | 17.4% |
Loan | 4 | 9 | Briarwood Mall | $27,001,031 | $7,278,731 | $19,722,300 | 6/30/2016 TTM | 12.0% | 94.8% | $26,770,446 | $7,456,960 | $19,313,485 | 11.7% |
Loan | 4, 11 | 10 | Fremaux Town Center | $8,037,755 | $2,454,934 | $5,582,822 | 8/31/2016 TTM | 7.7% | 87.4% | $9,050,800 | $2,578,047 | $6,472,753 | 9.0% |
Loan | 4 | 11 | American Greetings HQ | N/A | N/A | N/A | N/A | N/A | 95.0% | $10,382,494 | $513,508 | $9,868,986 | 10.7% |
Loan | 4 | 12 | Conrad Indianapolis | $23,499,703 | $16,652,099 | $6,847,604 | 8/31/2016 TTM | 12.3% | 73.0% | $23,499,703 | $16,504,584 | $6,995,119 | 12.6% |
Loan | 13 | Arboretum at Weston | $2,299,024 | $719,940 | $1,579,084 | 8/31/2016 T-8 Ann. | 7.4% | 92.2% | $2,511,864 | $589,069 | $1,922,795 | 9.0% | |
Loan | 12 | 14 | West Covina Parkway Plaza | $2,501,276 | $854,578 | $1,646,698 | 7/31/2016 TTM | 8.2% | 76.4% | $2,416,676 | $810,313 | $1,606,363 | 8.0% |
Loan | 15 | Sunset Terrace Apartments | $2,398,042 | $781,343 | $1,616,699 | 8/31/2016 TTM | 8.9% | 90.9% | $2,453,389 | $922,304 | $1,531,085 | 8.4% | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | $8,324,587 | $5,367,131 | $2,957,456 | 7/31/2016 TTM | 16.5% | 80.0% | $7,885,843 | $5,482,199 | $2,403,644 | 13.4% | |
Loan | 13 | 17 | Security Public Storage - San Mateo | $1,939,328 | $443,080 | $1,496,249 | 7/31/2016 TTM | 9.5% | 87.6% | $1,939,328 | $543,904 | $1,395,424 | 8.8% |
Loan | 18 | Sierra View Plaza | $1,029,958 | $375,466 | $654,492 | 8/31/2016 TTM | 4.4% | 92.2% | $1,701,546 | $436,302 | $1,265,243 | 8.6% | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | $4,318,738 | $2,138,862 | $2,179,877 | 7/31/2016 TTM | 16.4% | 78.0% | $4,141,089 | $2,355,880 | $1,785,209 | 13.4% | |
Loan | 20 | 11211 Vanowen St | $1,647,574 | $417,675 | $1,229,900 | 12/31/2015 | 9.3% | 95.0% | $1,637,982 | $419,758 | $1,218,225 | 9.2% | |
Loan | 14 | 21 | Emerald Desert RV Resort | $3,175,115 | $1,648,073 | $1,527,041 | 7/31/2016 TTM | 12.3% | 100.0% | $3,175,115 | $1,768,964 | $1,406,151 | 11.3% |
Loan | 15 | 22 | Calabasas Self Storage | $1,655,362 | $478,818 | $1,176,544 | 9/30/2016 TTM | 10.7% | 92.8% | $1,655,362 | $507,089 | $1,148,273 | 10.4% |
Loan | 23 | Sun Ridge Townhomes | $1,398,039 | $562,166 | $835,874 | 9/30/2016 TTM | 8.8% | 95.0% | $1,394,075 | $541,765 | $852,310 | 9.0% | |
Loan | 24 | McCarran Commerce Center | $689,727 | $182,153 | $507,574 | 5/31/2016 TTM | 7.1% | 92.0% | $935,173 | $208,487 | $726,686 | 10.1% | |
Loan | 25 | Colonnade at West Lake Houston | $1,206,722 | $479,383 | $727,339 | 8/31/2016 TTM | 10.4% | 93.4% | $1,342,837 | $530,728 | $812,109 | 11.6% | |
Loan | 26 | Escondido RV Resort | $1,539,769 | $661,713 | $878,056 | 7/31/2016 TTM | 13.4% | 100.0% | $1,549,332 | $726,566 | $822,766 | 12.6% | |
Loan | 27 | Stoneridge Apartments | $1,014,333 | $381,365 | $632,968 | 8/31/2016 TTM | 9.8% | 95.3% | $1,023,376 | $381,956 | $641,420 | 9.9% | |
Loan | 28 | Grants Pass Retail | $1,173,449 | $239,742 | $933,707 | 6/30/2016 TTM | 14.9% | 95.0% | $1,134,273 | $250,679 | $883,594 | 14.1% | |
Loan | 29 | Holiday Inn Express - Monroe, MI | $2,223,113 | $1,279,710 | $943,403 | 8/31/2016 TTM | 17.2% | 66.6% | $2,189,523 | $1,303,472 | $886,051 | 16.1% | |
Loan | 30 | South Pointe Plaza - NV | $514,278 | $153,629 | $360,648 | 7/31/2016 TTM | 8.7% | 90.0% | $553,425 | $156,637 | $396,788 | 9.6% | |
Loan | 10 | 31 | Peoria Marketplace | $642,093 | $231,426 | $410,668 | 5/31/2016 TTM | 10.8% | 90.5% | $642,148 | $221,246 | $420,902 | 11.1% |
Loan | 32 | Valley Springs Self Storage | $746,272 | $255,054 | $491,218 | 8/31/2016 TTM | 13.1% | 89.6% | $746,272 | $303,987 | $442,285 | 11.8% | |
Loan | 33 | Bear Valley West Self Storage | $619,206 | $114,170 | $505,036 | 6/30/2016 TTM | 13.9% | 83.0% | $599,423 | $198,181 | $401,241 | 11.1% | |
Loan | 34 | Gilbert Road Self Storage | $586,677 | $202,572 | $384,105 | 8/31/2016 TTM | 11.2% | 90.1% | $603,410 | $194,536 | $408,874 | 11.9% | |
Loan | 35 | South Towers Apartments | $477,424 | $187,392 | $290,032 | 8/31/2016 TTM | 9.1% | 91.6% | $476,260 | $199,571 | $276,689 | 8.7% | |
Loan | 36 | Shoppes of Marysville | $608,600 | $228,173 | $380,427 | 6/30/2016 TTM | 12.7% | 95.0% | $581,792 | $254,665 | $327,127 | 10.9% | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | $437,244 | $182,624 | $254,620 | 7/31/2016 TTM | 11.3% | 88.0% | $428,744 | $216,307 | $212,436 | 9.4% |
Property | 37.01 | San Pedro | $214,465 | $89,562 | $124,903 | 7/31/2016 TTM | 88.0% | $212,691 | $103,543 | $109,148 | |||
Property | 37.02 | Vance Jackson | $222,779 | $93,062 | $129,717 | 7/31/2016 TTM | 88.0% | $216,053 | $112,765 | $103,288 | |||
Loan | 38 | Rite Aid Pittsburgh | N/A | N/A | N/A | N/A | N/A | 95.0% | $247,116 | $34,660 | $212,455 | 10.5% | |
Loan | 39 | Right Move Aldine Westfield Self Storage | $591,977 | $261,211 | $330,766 | 3/31/2016 TTM | 16.3% | 85.1% | $580,310 | $263,317 | $316,993 | 15.7% | |
Loan | 40 | Wall Street Industrial Center | $335,684 | $133,197 | $202,487 | 5/31/2016 TTM | 11.0% | 90.0% | $362,274 | $133,081 | $229,193 | 12.5% |
A-1-11 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
LARGEST TENANT INFORMATION | ||||||||||
Property Flag | Footnotes | Loan ID | Property Name | Underwritten Replacement Reserves | Underwritten TI/LC | Underwritten NCF | Underwritten NCF Debt Yield | Largest Tenant | Largest Tenant Lease Expiration | |
Loan | 4, 5 | 1 | 101 Hudson Street | $281,746 | $2,771,771 | $29,075,403 | 11.6% | Bank of America | 3/31/2027 | |
Loan | 4 | 2 | Harlem USA | $48,409 | $459,738 | $10,249,020 | 9.5% | Magic Johnson Theatres | 5/31/2030 | |
Loan | 6 | 3 | Cole Retail Portfolio | $108,900 | $272,252 | $5,617,043 | 12.1% | |||
Property | 3.01 | Lawton Marketplace | $37,593 | $93,983 | $2,137,613 | Academy Sports | 1/31/2030 | |||
Property | 3.02 | Shops at Abilene | $35,128 | $87,821 | $1,749,586 | Ross | 9/30/2031 | |||
Property | 3.03 | Houma Crossing | $36,179 | $90,448 | $1,729,843 | Hobby Lobby | 6/30/2022 | |||
Loan | 7 | 4 | Marriott Albany | $724,743 | $0 | $5,638,028 | 12.4% | N/A | N/A | |
Loan | 4, 8 | 5 | The Orchard | $56,129 | $263,020 | $7,774,194 | 7.7% | Ralphs Grocery | 6/30/2027 | |
Loan | 4, 9 | 6 | Huntington Center | $181,402 | $1,124,692 | $11,624,816 | 8.3% | The Huntington National Bank | 2/28/2030 | |
Loan | 4 | 7 | One Penn Center | $172,492 | $719,646 | $5,596,003 | 8.2% | Philadelphia Works, Inc. | 12/31/2020 | |
Loan | 4, 10 | 8 | International Square | $289,784 | $3,626,417 | $38,967,149 | 15.8% | Federal Reserve Board | Various (3/31/2022 - 266,023 SF; 1/31/2026 - 25,621 SF; 5/31/2028 - 98,589 SF) | |
Loan | 4 | 9 | Briarwood Mall | $65,102 | $854,031 | $18,394,351 | 11.1% | MC Sporting Goods | 1/31/2021 | |
Loan | 4, 11 | 10 | Fremaux Town Center | $59,624 | $481,128 | $5,932,001 | 8.2% | Dick’s | 1/31/2025 | |
Loan | 4 | 11 | American Greetings HQ | $98,395 | $655,969 | $9,114,622 | 9.9% | American Greetings | 9/30/2031 | |
Loan | 4 | 12 | Conrad Indianapolis | $1,174,985 | $0 | $5,820,134 | 10.5% | N/A | N/A | |
Loan | 13 | Arboretum at Weston | $17,568 | $55,581 | $1,849,646 | 8.7% | Garman Homes, LLC | 3/31/2023 | ||
Loan | 12 | 14 | West Covina Parkway Plaza | $17,476 | $21,521 | $1,567,366 | 7.8% | Petco Animal Supplies | 1/31/2022 | |
Loan | 15 | Sunset Terrace Apartments | $44,280 | $0 | $1,486,805 | 8.2% | N/A | N/A | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | $315,434 | $0 | $2,088,211 | 11.6% | N/A | N/A | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | $8,459 | $0 | $1,386,965 | 8.8% | N/A | N/A | |
Loan | 18 | Sierra View Plaza | $12,428 | $55,675 | $1,197,140 | 8.1% | Hobby Lobby | 7/31/2031 | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | $165,644 | $0 | $1,619,565 | 12.2% | N/A | N/A | ||
Loan | 20 | 11211 Vanowen St | $20,200 | $42,420 | $1,155,605 | 8.7% | Scenic Expressions, Inc. | 1/31/2021 | ||
Loan | 14 | 21 | Emerald Desert RV Resort | $13,400 | $0 | $1,392,751 | 11.2% | N/A | N/A | |
Loan | 15 | 22 | Calabasas Self Storage | $11,963 | $0 | $1,136,310 | 10.3% | N/A | N/A | |
Loan | 23 | Sun Ridge Townhomes | $30,000 | $0 | $822,310 | 8.7% | N/A | N/A | ||
Loan | 24 | McCarran Commerce Center | $15,305 | $55,268 | $656,113 | 9.1% | United HealthCare Services, Inc. | 2/28/2020 | ||
Loan | 25 | Colonnade at West Lake Houston | $8,171 | $80,619 | $723,319 | 10.4% | Rising Sun Karate | 5/31/2017 | ||
Loan | 26 | Escondido RV Resort | $6,300 | $0 | $816,466 | 12.5% | N/A | N/A | ||
Loan | 27 | Stoneridge Apartments | $26,471 | $0 | $614,949 | 9.5% | N/A | N/A | ||
Loan | 28 | Grants Pass Retail | $19,329 | $62,404 | $801,861 | 12.8% | Big Lots | 1/31/2027 | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | $87,581 | $0 | $798,470 | 14.5% | N/A | N/A | ||
Loan | 30 | South Pointe Plaza - NV | $6,852 | $26,341 | $363,595 | 8.8% | Shakespeare’s Pub & Restaurant | 12/31/2020 | ||
Loan | 10 | 31 | Peoria Marketplace | $9,939 | $30,241 | $380,723 | 10.0% | Arizona Urgent Care | 10/31/2022 | |
Loan | 32 | Valley Springs Self Storage | $12,650 | $0 | $429,636 | 11.5% | N/A | N/A | ||
Loan | 33 | Bear Valley West Self Storage | $16,683 | $0 | $384,558 | 10.6% | N/A | N/A | ||
Loan | 34 | Gilbert Road Self Storage | $11,119 | $0 | $397,755 | 11.6% | N/A | N/A | ||
Loan | 35 | South Towers Apartments | $8,547 | $0 | $268,142 | 8.4% | N/A | N/A | ||
Loan | 36 | Shoppes of Marysville | $5,874 | $23,855 | $297,397 | 9.9% | Applebee’s | 6/30/2026 | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | $8,415 | $0 | $204,021 | 9.0% | |||
Property | 37.01 | San Pedro | $4,691 | $0 | $104,457 | N/A | N/A | |||
Property | 37.02 | Vance Jackson | $3,724 | $0 | $99,564 | N/A | N/A | |||
Loan | 38 | Rite Aid Pittsburgh | $1,074 | $8,634 | $202,747 | 10.0% | Rite Aid | 8/31/2025 | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | $7,473 | $0 | $309,520 | 15.3% | N/A | N/A | ||
Loan | 40 | Wall Street Industrial Center | $8,400 | $42,516 | $178,277 | 9.7% | Olga Gonzalez dba House of Prayer Elohim | 7/31/2019 |
A-1-12 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
2ND LARGEST TENANT INFORMATION | ||||||||||
Property Flag | Footnotes | Loan ID | Property Name | Largest Tenant NSF | Largest Tenant % of NSF |
| 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration | 2nd Largest Tenant NSF | 2nd Largest Tenant % of NSF |
Loan | 4, 5 | 1 | 101 Hudson Street | 388,207 | 28.9% | National Union Fire Insurance | 4/30/2018 | 271,533 | 20.2% | |
Loan | 4 | 2 | Harlem USA | 68,087 | 27.7% | Old Navy | 1/31/2021 | 34,787 | 14.1% | |
Loan | 6 | 3 | Cole Retail Portfolio | |||||||
Property | 3.01 | Lawton Marketplace | 62,168 | 33.1% | TJ Maxx | 8/31/2023 | 24,000 | 12.8% | ||
Property | 3.02 | Shops at Abilene | 30,187 | 17.2% | TJ Maxx | 11/30/2021 | 27,600 | 15.7% | ||
Property | 3.03 | Houma Crossing | 56,676 | 31.3% | Kohl’s | 1/31/2034 | 55,314 | 30.6% | ||
Loan | 7 | 4 | Marriott Albany | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 4, 8 | 5 | The Orchard | 55,105 | 19.6% | HomeGoods | 10/31/2020 | 25,000 | 8.9% | |
Loan | 4, 9 | 6 | Huntington Center | 199,240 | 22.0% | Porter, Wright, Morris & Arthur | 5/31/2028 | 127,239 | 14.0% | |
Loan | 4 | 7 | One Penn Center | 74,155 | 10.7% | United States Government - SEC | 4/10/2024 | 44,765 | 6.5% | |
Loan | 4, 10 | 8 | International Square | 390,233 | 33.7% | Blank Rome LLP | Various (8/31/2018 - 1,665 SF; 7/31/2029 - 166,198 SF) | 167,863 | 14.5% | |
Loan | 4 | 9 | Briarwood Mall | 22,635 | 6.1% | Forever 21 | 7/31/2024 | 15,941 | 4.3% | |
Loan | 4, 11 | 10 | Fremaux Town Center | 45,000 | 11.3% | LA Fitness | 8/31/2029 | 41,000 | 10.3% | |
Loan | 4 | 11 | American Greetings HQ | 655,969 | 100.0% | N/A | N/A | N/A | N/A | |
Loan | 4 | 12 | Conrad Indianapolis | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 13 | Arboretum at Weston | 7,544 | 8.6% | Ruth’s Chris Steak House | 8/31/2024 | 7,458 | 8.5% | ||
Loan | 12 | 14 | West Covina Parkway Plaza | 13,880 | 15.9% | Golden Optometric | 12/31/2021 | 7,190 | 8.2% | |
Loan | 15 | Sunset Terrace Apartments | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 18 | Sierra View Plaza | 54,383 | 46.7% | Goodwill | 3/31/2021 | 18,040 | 15.5% | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 20 | 11211 Vanowen St | 135,100 | 66.9% | Bonded Services Incorporated | 12/31/2022 | 66,900 | 33.1% | ||
Loan | 14 | 21 | Emerald Desert RV Resort | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 15 | 22 | Calabasas Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 23 | Sun Ridge Townhomes | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 24 | McCarran Commerce Center | 31,500 | 37.0% | Burke Construction Group, Inc. | 7/27/2019 | 13,299 | 15.6% | ||
Loan | 25 | Colonnade at West Lake Houston | 6,824 | 12.5% | Fondren Orthopedic Group, LLP | 7/27/2020 | 4,600 | 8.4% | ||
Loan | 26 | Escondido RV Resort | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 27 | Stoneridge Apartments | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 28 | Grants Pass Retail | 32,120 | 33.3% | Grocery Outlet | 8/31/2024 | 23,000 | 23.9% | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 30 | South Pointe Plaza - NV | 5,000 | 22.6% | Palm Beach Tan | 4/30/2022 | 3,726 | 16.9% | ||
Loan | 10 | 31 | Peoria Marketplace | 4,500 | 17.7% | Nationwide Nail Supply | 2/28/2018 | 3,600 | 14.1% | |
Loan | 32 | Valley Springs Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 33 | Bear Valley West Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 34 | Gilbert Road Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 35 | South Towers Apartments | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 36 | Shoppes of Marysville | 5,121 | 28.8% | Sleep Outfitters | 9/30/2018 | 3,230 | 18.1% | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | |||||||
Property | 37.01 | San Pedro | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 37.02 | Vance Jackson | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 38 | Rite Aid Pittsburgh | 5,368 | 100.0% | N/A | N/A | N/A | N/A | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 40 | Wall Street Industrial Center | 4,930 | 8.8% | Shawn Fischer dba Fischer Motorsports, Inc. | MTM | 3,500 | 6.3% |
A-1-13 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
3RD LARGEST TENANT INFORMATION | 4TH LARGEST TENANT INFORMATION | |||||||||
Property Flag | Footnotes | Loan ID | Property Name | 3rd Largest Tenant | 3rd Largest Tenant Lease Expiration | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF |
| 4th Largest Tenant | |
Loan | 4, 5 | 1 | 101 Hudson Street | Tullett Prebon Holdings Corp. | 11/30/2023 | 100,909 | 7.5% | Jeffries LLC | ||
Loan | 4 | 2 | Harlem USA | K&G Fashion Superstore | 2/28/2019 | 23,250 | 9.5% | New York Sports Club | ||
Loan | 6 | 3 | Cole Retail Portfolio | |||||||
Property | 3.01 | Lawton Marketplace | Petsmart | 1/31/2024 | 12,328 | 6.6% | Chuck E Cheese | |||
Property | 3.02 | Shops at Abilene | Michael’s | 2/28/2019 | 21,332 | 12.1% | Petsmart | |||
Property | 3.03 | Houma Crossing | Charming Charlie’s | 8/31/2022 | 10,000 | 5.5% | Ulta Salon | |||
Loan | 7 | 4 | Marriott Albany | N/A | N/A | N/A | N/A | N/A | ||
Loan | 4, 8 | 5 | The Orchard | Staples | 11/30/2021 | 20,000 | 7.1% | PetSmart | ||
Loan | 4, 9 | 6 | Huntington Center | Squire Patton Boggs LLP | 2/28/2025 | 81,693 | 9.0% | Thompson Hine LLP | ||
Loan | 4 | 7 | One Penn Center | Phelan Hallinan & Schmieg, LLP | 1/31/2020 | 35,989 | 5.2% | Mcelroy Deutsch Mulvaney Et | ||
Loan | 4, 10 | 8 | International Square | World Bank | Various (9/30/2019 - 67,167 SF; 12/31/2020 - 11,044 SF; 7/31/2021 - 21,236 SF) | 99,447 | 8.6% | Daniel J. Edelman, Inc. | ||
Loan | 4 | 9 | Briarwood Mall | Victoria’s Secret | 1/31/2026 | 14,232 | 3.8% | H&M | ||
Loan | 4, 11 | 10 | Fremaux Town Center | Best Buy | 1/31/2025 | 30,000 | 7.5% | TJ Maxx | ||
Loan | 4 | 11 | American Greetings HQ | N/A | N/A | N/A | N/A | N/A | ||
Loan | 4 | 12 | Conrad Indianapolis | N/A | N/A | N/A | N/A | N/A | ||
Loan | 13 | Arboretum at Weston | Title Boxing Club | 1/31/2024 | 6,604 | 7.5% | Cherish Yourself | |||
Loan | 12 | 14 | West Covina Parkway Plaza | Sizzler | 6/30/2023 | 6,927 | 7.9% | Panera LLC | ||
Loan | 15 | Sunset Terrace Apartments | N/A | N/A | N/A | N/A | N/A | |||
Loan | 16 | Holiday Inn Express Savannah - Historic District | N/A | N/A | N/A | N/A | N/A | |||
Loan | 13 | 17 | Security Public Storage - San Mateo | N/A | N/A | N/A | N/A | N/A | ||
Loan | 18 | Sierra View Plaza | Dollar General | 7/31/2024 | 9,112 | 7.8% | CSK Auto Inc. (Kragen) | |||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | N/A | N/A | N/A | N/A | N/A | |||
Loan | 20 | 11211 Vanowen St | N/A | N/A | N/A | N/A | N/A | |||
Loan | 14 | 21 | Emerald Desert RV Resort | N/A | N/A | N/A | N/A | N/A | ||
Loan | 15 | 22 | Calabasas Self Storage | N/A | N/A | N/A | N/A | N/A | ||
Loan | 23 | Sun Ridge Townhomes | N/A | N/A | N/A | N/A | N/A | |||
Loan | 24 | McCarran Commerce Center | Spencer Technical Group, LLC | 10/31/2017 | 9,355 | 11.0% | Diamond Resorts Centralized Services Co. | |||
Loan | 25 | Colonnade at West Lake Houston | El Jimador Mexican Grill | 2/27/2022 | 4,000 | 7.3% | Prudential | |||
Loan | 26 | Escondido RV Resort | N/A | N/A | N/A | N/A | N/A | |||
Loan | 27 | Stoneridge Apartments | N/A | N/A | N/A | N/A | N/A | |||
Loan | 28 | Grants Pass Retail | Dollar Tree | 1/31/2020 | 15,040 | 15.6% | Big 5 Sporting Goods | |||
Loan | 29 | Holiday Inn Express - Monroe, MI | N/A | N/A | N/A | N/A | N/A | |||
Loan | 30 | South Pointe Plaza - NV | Sushi Wa | 6/30/2020 | 3,275 | 14.8% | U-Swirl Yogurt ~ UCreate Enterprise | |||
Loan | 10 | 31 | Peoria Marketplace | Panda Express | 1/31/2023 | 2,000 | 7.8% | H & R Block | ||
Loan | 32 | Valley Springs Self Storage | N/A | N/A | N/A | N/A | N/A | |||
Loan | 33 | Bear Valley West Self Storage | N/A | N/A | N/A | N/A | N/A | |||
Loan | 34 | Gilbert Road Self Storage | N/A | N/A | N/A | N/A | N/A | |||
Loan | 35 | South Towers Apartments | N/A | N/A | N/A | N/A | N/A | |||
Loan | 36 | Shoppes of Marysville | Verizon | 4/30/2021 | 2,550 | 14.3% | Kay Jewelers | |||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | |||||||
Property | 37.01 | San Pedro | N/A | N/A | N/A | N/A | N/A | |||
Property | 37.02 | Vance Jackson | N/A | N/A | N/A | N/A | N/A | |||
Loan | 38 | Rite Aid Pittsburgh | N/A | N/A | N/A | N/A | N/A | |||
Loan | 39 | Right Move Aldine Westfield Self Storage | N/A | N/A | N/A | N/A | N/A | |||
Loan | 40 | Wall Street Industrial Center | In-Line Skating 101 | 8/31/2017 | 3,500 | 6.3% | The 25:40 Resale Store |
A-1-14 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
5TH LARGEST TENANT INFORMATION | |||||||||||
Property Flag | Footnotes | Loan ID | Property Name | 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 |
Loan | 4, 5 | 1 | 101 Hudson Street | 6/30/2023 | 62,763 | 4.7% | First Data Corporation | 5/31/2026 | 54,669 | 4.1% | |
Loan | 4 | 2 | Harlem USA | 4/30/2020 | 21,993 | 8.9% | Chuck E. Cheese | 12/31/2021 | 19,542 | 7.9% | |
Loan | 6 | 3 | Cole Retail Portfolio | ||||||||
Property | 3.01 | Lawton Marketplace | 8/31/2023 | 12,000 | 6.4% | Beauty Brands | 12/31/2024 | 7,941 | 4.2% | ||
Property | 3.02 | Shops at Abilene | 1/31/2020 | 19,107 | 10.9% | Bed Bath & Beyond | 1/31/2022 | 18,043 | 10.3% | ||
Property | 3.03 | Houma Crossing | 8/31/2022 | 9,915 | 5.5% | Kirklands | 1/31/2022 | 8,179 | 4.5% | ||
Loan | 7 | 4 | Marriott Albany | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 4, 8 | 5 | The Orchard | 10/31/2020 | 20,000 | 7.1% | Goodwill, Classic Closet, Goodwill Computer Works | 6/30/2019 | 18,800 | 6.7% | |
Loan | 4, 9 | 6 | Huntington Center | 8/31/2018 | 38,139 | 4.2% | Benesch, Friedlander, Coplan & Aronoff LLP | 2/29/2020 | 26,921 | 3.0% | |
Loan | 4 | 7 | One Penn Center | 10/31/2021 | 21,130 | 3.1% | Qtc Management, Inc. | 3/31/2017 | 19,879 | 2.9% | |
Loan | 4, 10 | 8 | International Square | 7/31/2019 | 63,314 | 5.5% | Milbank,Tweed,Hadley & Mccloy | Various (1/31/2020 - 439 SF; 6/30/2023 - 53,860) | 54,299 | 4.7% | |
Loan | 4 | 9 | Briarwood Mall | 1/31/2018 | 13,206 | 3.6% | The Gap | 1/31/2017 | 13,191 | 3.6% | |
Loan | 4, 11 | 10 | Fremaux Town Center | 3/31/2024 | 26,000 | 6.5% | Michaels | 4/30/2024 | 21,513 | 5.4% | |
Loan | 4 | 11 | American Greetings HQ | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 4 | 12 | Conrad Indianapolis | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 13 | Arboretum at Weston | 4/30/2026 | 6,450 | 7.3% | Bonefish Grill | 10/31/2018 | 5,200 | 5.9% | ||
Loan | 12 | 14 | West Covina Parkway Plaza | 4/12/2021 | 4,600 | 5.3% | Alfred Angelo Bridal | 6/30/2019 | 4,400 | 5.0% | |
Loan | 15 | Sunset Terrace Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 18 | Sierra View Plaza | 10/31/2019 | 5,400 | 4.6% | E-Z Mart | 9/14/2017 | 3,010 | 2.6% | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 20 | 11211 Vanowen St | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 21 | Emerald Desert RV Resort | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 15 | 22 | Calabasas Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 23 | Sun Ridge Townhomes | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 24 | McCarran Commerce Center | 3/31/2018 | 7,647 | 9.0% | Aether Water Systems, LLC | 9/30/2020 | 7,632 | 9.0% | ||
Loan | 25 | Colonnade at West Lake Houston | 10/31/2022 | 3,781 | 6.9% | American Title Company | 2/28/2019 | 3,351 | 6.2% | ||
Loan | 26 | Escondido RV Resort | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 27 | Stoneridge Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 28 | Grants Pass Retail | 1/31/2019 | 9,500 | 9.9% | Anytime Fitness | 6/30/2019 | 5,786 | 6.0% | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 30 | South Pointe Plaza - NV | 4/9/2018 | 2,090 | 9.5% | Rogue Toys | 5/30/2021 | 1,556 | 7.0% | ||
Loan | 10 | 31 | Peoria Marketplace | 4/30/2018 | 1,500 | 5.9% | Beauty Bar | 6/30/2021 | 1,500 | 5.9% | |
Loan | 32 | Valley Springs Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 33 | Bear Valley West Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 34 | Gilbert Road Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 35 | South Towers Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 36 | Shoppes of Marysville | 12/31/2023 | 2,225 | 12.5% | Chipotle Mexican Grill | 5/31/2021 | 1,700 | 9.6% | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | ||||||||
Property | 37.01 | San Pedro | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 37.02 | Vance Jackson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 38 | Rite Aid Pittsburgh | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 40 | Wall Street Industrial Center | 3/31/2018 | 3,500 | 6.3% | Victor Ruiz dba Beyond Broadbands | 3/31/2018 | 3,500 | 6.3% |
A-1-15 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
MORTGAGE LOAN RESERVE INFORMATION | ||||||||||||||||
Property Flag | Footnotes | Loan ID | 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 | Initial Other Reserves | |
Loan | 4, 5 | 1 | 101 Hudson Street | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $104,000 | $19,049,837 | |
Loan | 4 | 2 | Harlem USA | $0 | $4,097 | $0 | $0 | $0 | $0 | $404,392 | $101,098 | $17,980 | $17,980 | $0 | $0 | |
Loan | 6 | 3 | Cole Retail Portfolio | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $307 | $0 | $0 | |
Property | 3.01 | Lawton Marketplace | �� | |||||||||||||
Property | 3.02 | Shops at Abilene | ||||||||||||||
Property | 3.03 | Houma Crossing | ||||||||||||||
Loan | 7 | 4 | Marriott Albany | $0 | $75,495 | $0 | $0 | $0 | $0 | $120,833 | $60,417 | $0 | $0 | $0 | $3,000,000 | |
Loan | 4, 8 | 5 | The Orchard | $0 | $3,508 | $84,193 | $0 | $14,734 | $353,611 | $0 | $0 | $0 | $0 | $0 | $420,000 | |
Loan | 4, 9 | 6 | Huntington Center | $0 | $18,896 | $0 | $0 | $75,584 | $2,721,030 | $1,994,693 | $332,449 | $0 | $0 | $0 | $4,594,385 | |
Loan | 4 | 7 | One Penn Center | $0 | $14,374 | $0 | $3,000,000 | $150,000 | $3,000,000 | $582,019 | $116,404 | $0 | $0 | $0 | $817,162 | |
Loan | 4, 10 | 8 | International Square | $0 | $0 | $0 | $0 | $0 | $7,531,758 | $0 | $0 | $0 | $0 | $0 | $28,442,141 | |
Loan | 4 | 9 | Briarwood Mall | $0 | $0 | $130,205 | $0 | $0 | $2,496,933 | $0 | $0 | $0 | $0 | $0 | $0 | |
Loan | 4, 11 | 10 | Fremaux Town Center | $0 | $4,970 | $0 | $0 | $0 | $0 | $507,691 | $63,462 | $0 | $0 | $0 | $519,783 | |
Loan | 4 | 11 | American Greetings HQ | $0 | $0 | $0 | $0 | $54,664 | $0 | $0 | $0 | $0 | $0 | $0 | $15,704,391.25 ($2,612,000 LOC) | |
Loan | 4 | 12 | Conrad Indianapolis | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97,100 | $0 | $0 | $0 | $0 | |
Loan | 13 | Arboretum at Weston | $0 | $1,464 | $52,705 | $0 | $4,392 | $210,821 | $0 | $17,190 | $0 | $0 | $0 | $0 | ||
Loan | 12 | 14 | West Covina Parkway Plaza | $0 | $1,456 | $34,932 | $450,000 | $4,375 | $105,000 | $46,380 | $23,190 | $0 | $0 | $0 | $145,212 | |
Loan | 15 | Sunset Terrace Apartments | $0 | $3,691 | $0 | $0 | $0 | $0 | $21,413 | $5,353 | $0 | $0 | $4,290 | $0 | ||
Loan | 16 | Holiday Inn Express Savannah - Historic District | $0 | $26,286 | $0 | $0 | $0 | $0 | $368,644 | $44,433 | $40,454 | $0 | $0 | $2,500,000 | ||
Loan | 13 | 17 | Security Public Storage - San Mateo | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Loan | 18 | Sierra View Plaza | $0 | $1,036 | $24,856 | $0 | $4,640 | $111,350 | $109,692 | $12,188 | $0 | $0 | $133,831 | $0 | ||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | $0 | $6,902 | $0 | $0 | $0 | $0 | $77,332 | $19,332 | $8,980 | $2,993 | $0 | $0 | ||
Loan | 20 | 11211 Vanowen St | $0 | $1,683 | $0 | $0 | $5,050 | $303,000 | $102,506 | $14,644 | $0 | $0 | $0 | $0 | ||
Loan | 14 | 21 | Emerald Desert RV Resort | $0 | $1,117 | $0 | $0 | $0 | $0 | $10,340 | $5,170 | $0 | $0 | $0 | $159,116 | |
Loan | 15 | 22 | Calabasas Self Storage | $0 | $997 | $0 | $0 | $0 | $0 | $52,178 | $5,218 | $20,776 | $2,597 | $0 | $0 | |
Loan | 23 | Sun Ridge Townhomes | $0 | $3,000 | $0 | $0 | $0 | $0 | $50,973 | $7,282 | $0 | $0 | $7,500 | $0 | ||
Loan | 24 | McCarran Commerce Center | $0 | $1,063 | $38,262 | $0 | $6,731 | $323,102 | $7,810 | $3,905 | $0 | $0 | $0 | $95,382 | ||
Loan | 25 | Colonnade at West Lake Houston | $0 | $681 | $0 | $0 | $4,539 | $217,888 | $169,942 | $21,242 | $0 | $0 | $0 | $6,000 | ||
Loan | 26 | Escondido RV Resort | $0 | $525 | $0 | $0 | $0 | $0 | $4,634 | $2,317 | $0 | $0 | $0 | $0 | ||
Loan | 27 | Stoneridge Apartments | $0 | $2,240 | $0 | $0 | $0 | $0 | $15,992 | $7,996 | $3,282 | $3,282 | $0 | $0 | ||
Loan | 28 | Grants Pass Retail | $0 | $0 | $0 | $0 | $0 | $0 | $96,446 | $8,037 | $0 | $0 | $0 | $0 | ||
Loan | 29 | Holiday Inn Express - Monroe, MI | $0 | $5,474 | $500,000 | $0 | $0 | $0 | $96,130 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 30 | South Pointe Plaza - NV | $0 | $571 | $0 | $0 | $2,137 | $130,000 | $7,110 | $2,370 | $2,013 | $671 | $0 | $0 | ||
Loan | 10 | 31 | Peoria Marketplace | $0 | $828 | $25,000 | $0 | $2,535 | $75,000 | $0 | $5,906 | $1,500 | $748 | $0 | $0 | |
Loan | 32 | Valley Springs Self Storage | $0 | $1,054 | $25,300 | $0 | $0 | $0 | $15,903 | $5,301 | $1,466 | $733 | $0 | $0 | ||
Loan | 33 | Bear Valley West Self Storage | $50,000 | $1,390 | $50,000 | $0 | $0 | $0 | $19,817 | $2,831 | $0 | $817 | $0 | $0 | ||
Loan | 34 | Gilbert Road Self Storage | $0 | $927 | $30,000 | $0 | $0 | $0 | $9,862 | $3,287 | $0 | $0 | $0 | $0 | ||
Loan | 35 | South Towers Apartments | $0 | $711 | $0 | $0 | $0 | $0 | $7,069 | $1,767 | $0 | $0 | $0 | $0 | ||
Loan | 36 | Shoppes of Marysville | $0 | $490 | $10,000 | $0 | $1,988 | $75,000 | $51,595 | $10,319 | $0 | $0 | $0 | $0 | ||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | $0 | $701 | $0 | $0 | $0 | $0 | $58,203 | $6,467 | $1,044 | $1,044 | $0 | $0 | |
Property | 37.01 | San Pedro | ||||||||||||||
Property | 37.02 | Vance Jackson | ||||||||||||||
Loan | 38 | Rite Aid Pittsburgh | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $758 | $379 | $0 | $0 | ||
Loan | 39 | Right Move Aldine Westfield Self Storage | $0 | $623 | $0 | $0 | $0 | $0 | $86,078 | $7,825 | $6,736 | $1,684 | $25,313 | $0 | ||
Loan | 40 | Wall Street Industrial Center | $25,200 | $700 | $25,200 | $50,000 | $3,127 | $50,000 | $60,060 | $6,006 | $0 | $0 | $0 | $0 |
A-1-16 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Ongoing Other Reserves | Other Reserves Description |
Loan | 4, 5 | 1 | 101 Hudson Street | $0 | Rent Concession; Tenant Specific TILC |
Loan | 4 | 2 | Harlem USA | $0 | N/A |
Loan | 6 | 3 | Cole Retail Portfolio | $0 | N/A |
Property | 3.01 | Lawton Marketplace | |||
Property | 3.02 | Shops at Abilene | |||
Property | 3.03 | Houma Crossing | |||
Loan | 7 | 4 | Marriott Albany | $0 | Scheduled CapEx Funds |
Loan | 4, 8 | 5 | The Orchard | $0 | Environmental Escrow |
Loan | 4, 9 | 6 | Huntington Center | $0 | Rent Concession Reserve Funds; Existing TI/LC Obligations Reserve Funds |
Loan | 4 | 7 | One Penn Center | $0 | Rent Concession; Tenant Specific TILC Reserve |
Loan | 4, 10 | 8 | International Square | $0 | Specified Tenant Reserve; Downtime Rent Reserve |
Loan | 4 | 9 | Briarwood Mall | $0 | N/A |
Loan | 4, 11 | 10 | Fremaux Town Center | $0 | Rent Concession; Tenant Specific TILC Reserve |
Loan | 4 | 11 | American Greetings HQ | $0 | Remaining Liabilities Funds Account; Remaining Liabilities Letter of Credit; Ground Rent Reserve Account |
Loan | 4 | 12 | Conrad Indianapolis | $0 | N/A |
Loan | 13 | Arboretum at Weston | $0 | N/A | |
Loan | 12 | 14 | West Covina Parkway Plaza | $12,041 | Ground Rent; Rent Concession; Tenant Specific TILC |
Loan | 15 | Sunset Terrace Apartments | $0 | N/A | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | $0 | PIP Reserve | |
Loan | 13 | 17 | Security Public Storage - San Mateo | $0 | N/A |
Loan | 18 | Sierra View Plaza | $0 | N/A | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | $0 | N/A | |
Loan | 20 | 11211 Vanowen St | $0 | N/A | |
Loan | 14 | 21 | Emerald Desert RV Resort | $79,558 | Seasonality Reserve |
Loan | 15 | 22 | Calabasas Self Storage | $0 | N/A |
Loan | 23 | Sun Ridge Townhomes | $0 | N/A | |
Loan | 24 | McCarran Commerce Center | $0 | Aquavit Life Sciences TI/LC Reserve; Aquavit Life Sciences Rent Abatement Reserve; Aquavit Life Sciences Drywall Credit Reserve; United Health Care Reduced Rent Credit Reserve | |
Loan | 25 | Colonnade at West Lake Houston | $0 | Edward Jones TI/LC Reserve | |
Loan | 26 | Escondido RV Resort | $0 | N/A | |
Loan | 27 | Stoneridge Apartments | $0 | N/A | |
Loan | 28 | Grants Pass Retail | $0 | N/A | |
Loan | 29 | Holiday Inn Express - Monroe, MI | $0 | N/A | |
Loan | 30 | South Pointe Plaza - NV | $0 | N/A | |
Loan | 10 | 31 | Peoria Marketplace | $0 | N/A |
Loan | 32 | Valley Springs Self Storage | $0 | N/A | |
Loan | 33 | Bear Valley West Self Storage | $0 | N/A | |
Loan | 34 | Gilbert Road Self Storage | $0 | N/A | |
Loan | 35 | South Towers Apartments | $0 | N/A | |
Loan | 36 | Shoppes of Marysville | $0 | N/A | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | $0 | N/A |
Property | 37.01 | San Pedro | |||
Property | 37.02 | Vance Jackson | |||
Loan | 38 | Rite Aid Pittsburgh | $0 | N/A | |
Loan | 39 | Right Move Aldine Westfield Self Storage | $0 | N/A | |
Loan | 40 | Wall Street Industrial Center | $0 | N/A |
A-1-17 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
THIRD PARTY REPORTS | ||||||||||
Property Flag | Footnotes | Loan ID | Property Name | Appraisal Report Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | Seismic Zone (Y/N) | PML % |
Loan | 4, 5 | 1 | 101 Hudson Street | 9/29/2016 | 8/30/2016 | N/A | 8/26/2016 | N/A | No | N/A |
Loan | 4 | 2 | Harlem USA | 9/23/2016 | 8/3/2016 | N/A | 8/4/2016 | N/A | No | N/A |
Loan | 6 | 3 | Cole Retail Portfolio | |||||||
Property | 3.01 | Lawton Marketplace | 8/10/2016 | 8/18/2016 | N/A | 8/18/2016 | N/A | No | N/A | |
Property | 3.02 | Shops at Abilene | 8/10/2016 | 8/18/2016 | N/A | 8/18/2016 | N/A | No | N/A | |
Property | 3.03 | Houma Crossing | 8/13/2016 | 8/18/2016 | N/A | 8/18/2016 | N/A | No | N/A | |
Loan | 7 | 4 | Marriott Albany | 10/18/2016 | 8/17/2016 | N/A | 8/17/2016 | N/A | No | N/A |
Loan | 4, 8 | 5 | The Orchard | 10/19/2016 | 9/22/2016 | N/A | 9/21/2016 | 9/21/2016 | Yes - 4 | 10.00% |
Loan | 4, 9 | 6 | Huntington Center | 9/29/2016 | 8/25/2016 | N/A | 8/25/2016 | N/A | No | N/A |
Loan | 4 | 7 | One Penn Center | 5/31/2016 | 6/3/2016 | N/A | 6/2/2016 | N/A | No | N/A |
Loan | 4, 10 | 8 | International Square | 7/6/2016 | 6/21/2016 | N/A | 6/21/2016 | N/A | No | N/A |
Loan | 4 | 9 | Briarwood Mall | 8/5/2016 | 7/25/2016 | N/A | 7/25/2016 | N/A | No | N/A |
Loan | 4, 11 | 10 | Fremaux Town Center | 6/4/2016 | 5/2/2016 | N/A | 5/2/2016 | N/A | No | N/A |
Loan | 4 | 11 | American Greetings HQ | 9/21/2016 | 9/8/2016 | N/A | 9/12/2016 | N/A | No | N/A |
Loan | 4 | 12 | Conrad Indianapolis | 9/12/2016 | 8/10/2016 | N/A | 8/10/2016 | N/A | No | N/A |
Loan | 13 | Arboretum at Weston | 8/31/2016 | 8/23/2016 | N/A | 8/23/2016 | N/A | No | N/A | |
Loan | 12 | 14 | West Covina Parkway Plaza | 9/12/2016 | 9/9/2016 | N/A | 9/9/2016 | 9/9/2016 | Yes - 4 | 13.00% |
Loan | 15 | Sunset Terrace Apartments | 9/23/2016 | 5/9/2016 | N/A | 5/23/2016 | 5/5/2016 | Yes - 4 | 15.00% | |
Loan | 16 | Holiday Inn Express Savannah - Historic District | 8/10/2016 | 7/21/2016 | N/A | 7/19/2016 | N/A | No | N/A | |
Loan | 13 | 17 | Security Public Storage - San Mateo | 8/26/2016 | 8/31/2016 | N/A | 8/31/2016 | 8/31/2016 | Yes - 4 | 15.00% |
Loan | 18 | Sierra View Plaza | 9/28/2016 | 9/12/2016 | N/A | 9/8/2016 | 9/8/2016 | Yes - 4 | 6.00% | |
Loan | 19 | Hampton Inn & Suites Toledo Westgate | 9/7/2016 | 9/1/2016 | N/A | 8/31/2016 | N/A | No | N/A | |
Loan | 20 | 11211 Vanowen St | 8/29/2016 | 8/12/2016 | N/A | 8/12/2016 | 8/12/2016 | Yes - 4 | 17.00% | |
Loan | 14 | 21 | Emerald Desert RV Resort | 10/8/2016 | 9/13/2016 | N/A | 9/13/2016 | 9/13/2016 | Yes - 4 | 14.00% |
Loan | 15 | 22 | Calabasas Self Storage | 9/29/2016 | 9/20/2016 | N/A | 9/20/2016 | 9/20/2016 | Yes - 4 | 9.00% |
Loan | 23 | Sun Ridge Townhomes | 9/20/2016 | 9/8/2016 | N/A | 9/8/2016 | 9/8/2016 | Yes - 4 | 4.00% | |
Loan | 24 | McCarran Commerce Center | 8/17/2016 | 7/29/2016 | N/A | 7/13/2016 | N/A | No | N/A | |
Loan | 25 | Colonnade at West Lake Houston | 8/31/2016 | 8/16/2016 | N/A | 8/16/2016 | N/A | No | N/A | |
Loan | 26 | Escondido RV Resort | 10/4/2016 | 9/13/2016 | N/A | 9/13/2016 | 9/13/2016 | Yes - 4 | 7.00% | |
Loan | 27 | Stoneridge Apartments | 9/21/2016 | 9/21/2016 | N/A | 9/21/2016 | N/A | No | N/A | |
Loan | 28 | Grants Pass Retail | 8/22/2016 | 8/16/2016 | N/A | 8/17/2016 | 8/17/2016 | Yes - 3 | 6.00% | |
Loan | 29 | Holiday Inn Express - Monroe, MI | 10/3/2016 | 9/21/2016 | N/A | 9/22/2016 | N/A | No | N/A | |
Loan | 30 | South Pointe Plaza - NV | 9/21/2016 | N/A | N/A | 8/30/2016 | N/A | No | N/A | |
Loan | 10 | 31 | Peoria Marketplace | 9/27/2016 | N/A | N/A | 9/15/2016 | N/A | No | N/A |
Loan | 32 | Valley Springs Self Storage | 9/1/2016 | 8/29/2016 | N/A | 8/29/2016 | 8/29/2016 | Yes - 3 | 3.00% | |
Loan | 33 | Bear Valley West Self Storage | 8/22/2016 | N/A | N/A | 8/4/2016 | 8/4/2016 | Yes - 4 | 7.00% | |
Loan | 34 | Gilbert Road Self Storage | 9/1/2016 | 8/23/2016 | N/A | 8/23/2016 | N/A | No | N/A | |
Loan | 35 | South Towers Apartments | 9/23/2016 | 5/19/2016 | N/A | 5/23/2016 | 5/19/2016 | Yes - 4 | 11.00% | |
Loan | 36 | Shoppes of Marysville | 9/19/2016 | N/A | N/A | 9/13/2016 | N/A | No | N/A | |
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | |||||||
Property | 37.01 | San Pedro | 8/29/2016 | N/A | N/A | 8/15/2016 | N/A | No | N/A | |
Property | 37.02 | Vance Jackson | 8/16/2016 | N/A | N/A | 8/15/2016 | N/A | No | N/A | |
Loan | 38 | Rite Aid Pittsburgh | 9/26/2016 | 9/7/2016 | N/A | 9/7/2016 | N/A | No | N/A | |
Loan | 39 | Right Move Aldine Westfield Self Storage | 5/9/2016 | 5/9/2016 | N/A | 5/10/2016 | N/A | No | N/A | |
Loan | 40 | Wall Street Industrial Center | 8/24/2016 | 7/21/2016 | N/A | 8/26/2016 | N/A | No | N/A |
A-1-18 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
TOTAL MORTGAGE DEBT INFORMATION | TOTAL DEBT INFORMATION | ||||||||||||
Property Flag | Footnotes | Loan ID | 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 |
Loan | 4, 5 | 1 | 101 Hudson Street | $177,500,000 | 51.8% | 3.68x | 12.9% | ||||||
Loan | 4 | 2 | Harlem USA | $40,000,000 | 55.4% | 2.83x | 10.0% | ||||||
Loan | 6 | 3 | Cole Retail Portfolio | ||||||||||
Property | 3.01 | Lawton Marketplace | |||||||||||
Property | 3.02 | Shops at Abilene | |||||||||||
Property | 3.03 | Houma Crossing | |||||||||||
Loan | 7 | 4 | Marriott Albany | ||||||||||
Loan | 4, 8 | 5 | The Orchard | $61,000,000 | 68.2% | 1.35x | 8.0% | ||||||
Loan | 4, 9 | 6 | Huntington Center | $100,000,000 | 75.0% | 1.54x | 9.2% | ||||||
Loan | 4 | 7 | One Penn Center | $35,000,000 | 74.7% | 1.29x | 9.5% | ||||||
Loan | 4, 10 | 8 | International Square | $216,700,000 | $203,300,000 | 59.4% | 2.36x | 9.5% | |||||
Loan | 4 | 9 | Briarwood Mall | $135,000,000 | 49.1% | 3.34x | 11.7% | ||||||
Loan | 4, 11 | 10 | Fremaux Town Center | $42,573,875 | 62.8% | 1.32x | 9.0% | ||||||
Loan | 4 | 11 | American Greetings HQ | $65,000,000 | $15,000,000 | 71.9% | 1.11x | 9.2% | |||||
Loan | 4 | 12 | Conrad Indianapolis | $31,962,031 | 64.8% | 1.71x | 12.6% | ||||||
Loan | 13 | Arboretum at Weston | |||||||||||
Loan | 12 | 14 | West Covina Parkway Plaza | ||||||||||
Loan | 15 | Sunset Terrace Apartments | |||||||||||
Loan | 16 | Holiday Inn Express Savannah - Historic District | |||||||||||
Loan | 13 | 17 | Security Public Storage - San Mateo | ||||||||||
Loan | 18 | Sierra View Plaza | |||||||||||
Loan | 19 | Hampton Inn & Suites Toledo Westgate | |||||||||||
Loan | 20 | 11211 Vanowen St | |||||||||||
Loan | 14 | 21 | Emerald Desert RV Resort | ||||||||||
Loan | 15 | 22 | Calabasas Self Storage | ||||||||||
Loan | 23 | Sun Ridge Townhomes | |||||||||||
Loan | 24 | McCarran Commerce Center | |||||||||||
Loan | 25 | Colonnade at West Lake Houston | |||||||||||
Loan | 26 | Escondido RV Resort | |||||||||||
Loan | 27 | Stoneridge Apartments | |||||||||||
Loan | 28 | Grants Pass Retail | |||||||||||
Loan | 29 | Holiday Inn Express - Monroe, MI | |||||||||||
Loan | 30 | South Pointe Plaza - NV | |||||||||||
Loan | 10 | 31 | Peoria Marketplace | ||||||||||
Loan | 32 | Valley Springs Self Storage | |||||||||||
Loan | 33 | Bear Valley West Self Storage | |||||||||||
Loan | 34 | Gilbert Road Self Storage | |||||||||||
Loan | 35 | South Towers Apartments | |||||||||||
Loan | 36 | Shoppes of Marysville | |||||||||||
Loan | 6 | 37 | San Pedro and Vance Jackson Self Storage | ||||||||||
Property | 37.01 | San Pedro | |||||||||||
Property | 37.02 | Vance Jackson | |||||||||||
Loan | 38 | Rite Aid Pittsburgh | |||||||||||
Loan | 39 | Right Move Aldine Westfield Self Storage | |||||||||||
Loan | 40 | Wall Street Industrial Center |
A-1-19 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
MSC 2016-BNK2
Footnotes to Annex A-1
(1) | MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association. |
(2) | The Administrative Cost Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan. |
(3) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans. |
(4) | Each of the 101 Hudson Street Mortgage Loan (Mortgage Loan No. 1), the Harlem USA Mortgage Loan (Mortgage Loan No. 2), The Orchard Mortgage Loan (Mortgage Loan No. 5), the The Huntington Center Mortgage Loan (Mortgage Loan No. 6), the One Penn Center Mortgage Loan (Mortgage Loan No. 7), the International Square Mortgage Loan (Mortgage Loan No. 8), the Briarwood Mall Mortgage Loan (Mortgage Loan No. 9), the Fremaux Town Center Mortgage Loan (Mortgage Loan No. 10), the American Greetings HQ Mortgage Loan (Mortgage Loan No. 11) and the Conrad Indianapolis Mortgage Loan (Mortgage Loan No. 12) is part of a whole loan related to the Issuing Entity. For further information, see “Description of the Mortgage Pool—The Whole Loans” and “—The Non-Serviced Pari Passu Whole Loans”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu-AB Whole Loans” and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”, as applicable, in the Preliminary Prospectus. |
(5) | With respect to Mortgage Loan No. 1, 101 Hudson Street, the Initial Other Reserves are expected to be replaced by a letter of credit. |
(6) | With respect to Mortgage Loan No. 3, Cole Retail Portfolio Mortgage Loan, and Mortgage Loan No. 37, San Pedro and Vance Jackson Self Storage Mortgage Loan, each such mortgage loan is secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or UW NCF, among other methods. |
(7) | With respect to the Mortgage Loan No. 4, Marriott Albany, a portion of the Property consisting of an unimproved 1.16-acre parcel that is currently utilized to provide additional hotel parking is comprised of a ground leasehold interest under a ground lease from Niagara Mohawk Power Corporation and its successor lessor, National Grid. The lease was signed on April 27, 1984 and amended on June 3, 2016. The lease expires on April 30, 2034 and has a 10-year extension option. Annual ground rent payment is $10,000 per annum through April 30, 2019; and $15,000 from May 1, 2019 through April 30, 2024. |
(8) | With respect to Mortgage Loan No. 5, The Orchard, the borrower has a debt service grace period of 5 days with regard to an event of default, but no more than one time per year or 3 times during loan term, Borrower shall have a grace period of 3 days following notice that payment is due and payable. |
(9) | With respect to Mortgage Loan No. 6, Huntington Center, Occupancy Rate includes a total of 37,218 SF that is leased to five tenants that have given notice to vacate. These tenants include Schneider Downs & Co., Inc., Wells Fargo Advisors LLC, The Bank of New York Mellon, Intellisource LLC and The Marlenko Group, Inc. These tenants were underwritten as vacant. Considering these tenants vacant, Occupancy Rate would be 81.7%. |
(10) | With respect to Mortgage Loan No. 8, International Square, and Mortgage Loan No. 31, Peoria Marketplace, the related mortgage loan documents permit future subordinate secured financing or mezzanine financing generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the Preliminary Prospectus. |
(11) | With respect to Mortgage Loan No. 10, Fremaux Town Center, the Monthly TI/LC Reserve begins in June 2023 and $2,402,500 of the collections can only be used for tenants occupying space in excess of 10,000 SF. |
A-1-20 |
(12) | With respect to Mortgage Loan No. 14, West Covina Parkway Plaza, the TI/LC Reserve Cap begins in November 2018. |
(13) | With respect to Mortgage Loan No. 17, Security Public Storage - San Mateo, the Sponsors are BACO Realty Corporation; Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Allen Orwitz and Lea Orwitz, individually and as Co-Trustees of the Allen Orwitz and Lea Orwitz Revocable Trusts; and the Non-Recourse Carveout Guarantors are Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Allen Orwitz and Lea Orwitz, individually and as Co-Trustees of the Allen Orwitz and Lea Orwitz Revocable Trusts. |
(14) | With respect to Mortgage Loan No. 21, Emerald Desert RV Resort, the Ongoing Other Reserve is only required from October through March each calendar year commencing in October 2017. |
(15) | With respect to Mortgage Loan No. 22, Calabasas Self Storage, the Sponsors are Jan L. Currey, an individual, Jan L. Currey as Surviving Trustee ofthe Currey Family Trust UDT dated October 17, 1991, Joan Riach Gayner, an individual, and Joan Riach Gayner as Trustee of the Riach Survivor’s Trust, U/T/D dated August 26, 1991; and the Non-Recourse Carveout Guarantors are Jan L. Currey individually and as Surviving Trustee of the Currey Family Trust udt dated October 17, 1991; Joan Riach Gayner individually and as Trustee of the Riach Survivor’s Trust dated August 26, 1991; Michael Milmeister and Rochelle Milmeister individually and as Co-Trustees of the Community Trust created under the Michael Milmeister and Rochelle Milmeister Fifth Amended Inter Vivos Trust Agreement, dated March 6, 2003; Hans J. Giraud and Janet D. Giraud individually and as Co-Trustees of the Giraud Family Trust dated October 3, 1985. |
A. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below), exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
B. | “Yield Maintenance” means a prepayment premium in an amount equal to the greater of (i) 1.0% of the portion of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term to the Open Prepayment Date each equal to the amount of interest which would be due on the portion of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Note Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” shall mean (A) for a voluntary prepayment as provided for in Section 5(a) hereof, the sum of (x) and (y) as follows or (B) for an involuntary prepayment as provided for in Section 5(b) hereof, (y) as follows alone; (x) one-half of one percent (.50%) and (y) the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Open Prepayment Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the date on which Lender applies any prepayment to the reduction of the outstanding principal amount of this Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
C. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the |
A-1-21 |
Calculated Payments from the Prepayment Date through the Open Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Open Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication (in its reasonable determination) to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. Notwithstanding anything contained herein, the Loan may be prepaid without payment of the Yield Maintenance Premium from and after the Open Date. | |
D. | “Yield Maintenance Premium” shall mean, after a Loan Conversion, an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. (i) Except as otherwise provided herein, Borrower shall not have the right to prepay the Loan in whole or in part. On any Monthly Payment Date occurring on or after the Lockout Release Date but prior to the Open Period Start Date, provided no Event of Default has occurred and is continuing, Borrower may, at its option and upon thirty (30) days’ prior written notice to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the Debt in whole, but not in part; provided that, such prepayment is accompanied by the Yield Maintenance Premium. On and after the Open Period Start Date, provided no Event of Default has occurred and is continuing, Borrower may, at its option and upon thirty (30) days’ prior written notice to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the Debt in whole, but not in part, without the payment of any Yield Maintenance Premium. Any prepayment received by Lender on a date other than a Monthly Payment Date shall include interest which would have accrued thereon to the next Monthly Payment Date (such amounts, the “Interest Shortfall”). |
E. | “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date, from the Maturity Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Maturity Date (or if two or more such securities have maturity |
A-1-22 |
dates equally close to the Maturity Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. Notwithstanding the foregoing, so long as no Event of Default has occurred and is continuing, if the Loan is prepaid in accordance with Section 2.7(a) hereof, “Maturity Date” shall be replaced with “Open Period Start Date” in the definition of Periodic Treasury Yield and Yield Maintenance Premium. | |
F. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to the Applicable Percentage of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
G. | “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1 %) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H. ISSelected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction ofthe outstanding principal amount ofthe Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
A-1-23 |