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Wells Fargo Commercial Mortgage Trust 2017-RC1

Filed: 21 Feb 17, 7:00pm

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-206677-13

 

   
   
 

Wells Fargo Commercial Mortgage Trust 2017-RC1 Disclaimer

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (’’SEC’’) (SEC File No. 333-206677) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC 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 after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

 

Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.

 

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Wells Fargo Securities, LLC, Academy Securities, Inc., Citigroup Global Markets Inc. or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.

 

This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.

 

Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A.  Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.

 

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES 

The information herein is preliminary and may be supplemented or amended prior to the time of sale.

 

In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.

 

The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.

 

The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS 

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 
   
   

 

 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES    
         
Mortgage Loan NumberProperty NameMortgage Loan Seller(1)Cross Collateralized and Cross Defaulted Loan FlagAddressCityStateZip CodeGeneral Property Type
1Hyatt Place PortfolioRMF VariousVariousVariousVariousHospitality
1.01Hyatt Place GreenvilleRMF 40 West Orchard Park DriveGreenvilleSC29615Hospitality
1.02Hyatt Place CharlotteRMF 7900 Forest Point BoulevardCharlotteNC28217Hospitality
1.03Hyatt Place DallasRMF 12411 North Central ExpresswayDallasTX75243Hospitality
1.04Hyatt Place AlpharettaRMF 7500 North Point ParkwayAlpharettaGA30022Hospitality
1.05Hyatt Place TopekaRMF 6021 Southwest 6th AvenueTopekaKS66615Hospitality
1.06Hyatt Place RoanokeRMF 5040 Valley View BoulevardRoanokeVA24012Hospitality
2McLean Data Center PortfolioWFB 1755-1757 Old Meadow Road; 1764A Old Meadow LaneMcLeanVA22102Other
3International Paper Global HQWFB 6420 Poplar AvenueMemphisTN38119Office
4Preferred Freezer VernonWFB 4901 Bandini BoulevardVernonCA90058Industrial
5Promenade at Tutwiler FarmRMF 1612 Gadsden HighwayTrussvilleAL35235Retail
6Jamboree Business CenterAREF 5 Peters Canyon RoadIrvineCA92606Office
7Cleveland Technology CenterAREF 1425, 1555 & 1625 Rockwell AvenueClevelandOH44114Other
8Five Star Self-Storage PortfolioRMF VariousVariousVariousVariousSelf Storage
8.01Lohr CircleRMF 3060 Lohr CircleAnn ArborMI48108Self Storage
8.02FerndaleRMF 3101 Bermuda StreetFerndaleMI48357Self Storage
8.03Airey CourtRMF 2200 Airey CourtAnn ArborMI48103Self Storage
8.04HighlandRMF 1555 North Milford RoadHighland TownshipMI48357Self Storage
8.05ChesterlandRMF 11695 Chillicothe RoadChesterlandOH44026Self Storage
8.06EnglewoodRMF 7533 Salem AvenueClaytonOH45315Self Storage
8.07LansingRMF 2715 North Grand River AvenueLansingMI48906Self Storage
9Carrollton Avenue Shopping CenterWFB 3600, 3700 & 3800 South Carrollton Avenue; 8100 Palm Street; 2 & 3900 Dublin StreetNew OrleansLA70118Retail
10The Strand on Ocean DriveAREF 1052-1060 Ocean DriveMiami BeachFL33139Retail
11Palms of CarrollwoodAREF 13121 - 13169 North Dale Mabry HighwayTampaFL33618Retail
12Whitehall Corporate Center VIWFB 3525 Whitehall Park DriveCharlotteNC28273Office
13Britt LakesAREF 2920 Cosmo PlaceFayetteville NC28304Multifamily
14Peachtree MallAREF 3131 Manchester ExpresswayColumbusGA31909Retail
15Summercrest ApartmentsRMF 3950 HollisterHoustonTX77080Multifamily
169 Barrow Owners Corp.NCB 9 Barrow StreetNew YorkNY10014Multifamily
17Holiday Inn BeaumontAREF 3950 Interstate 10 SouthBeaumontTX77705Hospitality
18Crossroads Shopping CenterAREF 39405 Fremont BoulevardFremontCA94538Retail
19DoubleTree by Hilton TempeAREF 2100 South Priest DriveTempeAZ85282Hospitality
20Beech Meadow ApartmentsRMF 147 Diplomat CourtBeech GroveIN46107Multifamily
21Brownstone TerraceAREF 301 East Brownstone DriveBloomington IN47408Multifamily
22Holiday Inn Express & Suites RiverheadRMF 1707 Old Country RoadRiverheadNY11901Hospitality
23StaxUp Storage HomelandCIIICM 30630 Highway 74HomelandCA92548Self Storage
24Biltmore ApartmentsRMF 2300 Misty Ridge CircleArlingtonTX76011Multifamily
25Raghu ApartmentsRMF 8655 Pitner RoadHoustonTX77080Multifamily
26Tri Retail PortfolioRMF VariousVariousVariousVariousRetail
26.01Target Shadow Anchored OutlotRMF 3871-3875 East Main StreetSt. CharlesIL60174Retail
26.02Sherwin Williams AnchoredRMF 1475 Veterans ParkwayJeffersonvilleIN47130Retail
26.03Promenade at Castle RockRMF 832 New Memphis CourtCastle RockCO80108Retail
27Security Public Storage - BreaWFB 502 Apollo StreetBreaCA92821Self Storage
28The Rochester ApartmentsRMF 2604 Furrs StreetArlingtonTX76006Multifamily
29Grinnell Water WorksAREF 1435 West Morehead StreetCharlotteNC28208Office
30Tharp Portfolio IIICIIICM VariousVariousINVariousVarious
30.01CVS Triangle CenterCIIICM 6975 Pendelton PikeIndianapolisIN46201Retail
30.02Southeastern & EnglishCIIICM 3101-3155 English AvenueIndianapolisIN46201Retail
30.03Fifth Third - Land LeaseCIIICM 5902 US Highway 52New PalestineIN46163Other
30.04Dunkin Donuts - Land LeaseCIIICM 3850 North Shadeland AvenueIndianapolisIN46201Other
31Country Inn & Suites - DearbornRMF 24555 Michigan AvenueDearbornMI48124Hospitality
32Oceanview Towers Inc.NCB 2652 Cropsey Avenue a/k/a 2650-2672 Cropsey Avenue a/k/a 267 Bay 44th StreetBrooklynNY11214Multifamily
33Holiday Inn Express & Suites SedaliaRMF 4001 West Broadway BoulevardSedaliaMO65301Hospitality
34Tulsa ShopsAREF 6921, 6923, & 6925 East Admiral PlaceTulsaOK74115Retail
35Little York Plaza Shopping CenterWFB 1409 and 1575 Little York RoadHoustonTX77093Retail
36Haverstick Office ParkWFB 8200 and 8250 Haverstick RoadIndianapolisIN46240Office
37118 Flats OvalAREF 1591, 1595, 1599, and 1607 East 118th StreetClevelandOH44106Multifamily
38Cypress Gardens MHCRMF 1951 Lake Daisy RoadWinter HavenFL33884Manufactured Housing Community
39Victoria Place - CAWFB 3144-3240 Broadway StreetEurekaCA95501Retail
40Your Place StorageCIIICM 11820 Airline DriveHoustonTX77037Self Storage
41Indiana MHC PortfolioRMF VariousVariousINVariousManufactured Housing Community
41.01Berkshire PointeRMF 8000 Berkshire Pointe DriveNew SalisburyIN47161Manufactured Housing Community
41.02Amberly PointeRMF 1232 Birchtree Lane; 1135 South Taylor Mill RoadScottsburgIN47170Manufactured Housing Community
42West Wind Shopping CenterWFB 5510 4th StreetLubbockTX79416Retail
43Lithia SquareRMF 901 Lithia Pinecrest RoadBrandonFL33511Retail
44Rockville Tudor Apt. Corp.NCB 12 Hempstead AvenueRockville CentreNY11570Multifamily
4560-104 Owners Corp.NCB 60-104 Pinewood RoadHartsdaleNY10530Multifamily
4655 Lenox Tenants CorporationNCB 55 Lenox RoadRockville CentreNY11570Multifamily
47American Storage of RockwallCIIICM 4100 East Interstate 30FateTX75087Self Storage
48Sunset Green Housing CorporationNCB 159 Hawthorne AvenueYonkersNY10705Multifamily
49Westbrook Tenants CorporationNCB 10 Franklin Avenue and 22 Franklin AvenueWhite PlainsNY10601Multifamily
50The Offices at Johns CreekWFB 4255 & 4265 Johns Creek ParkwaySuwaneeGA30024Office
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.NCB 125 Beach 124th StreetRockaway ParkNY11694Multifamily
52345 Bronx River Road Owners, Inc.NCB 345 Bronx River RoadYonkersNY10704Multifamily
53Leopard Mobile Home ParkCIIICM 8225 Leopard StreetCorpus ChristiTX78401Manufactured Housing Community
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.NCB 2241/2257 Plumb 1st Street, a/k/a 2234/2364 Gerristen AvenueBrooklynNY11229Multifamily
55Shore Road Apartment CorporationNCB 485 Pelham RoadNew RochelleNY10805Multifamily
56Southridge Cooperative, Section 1, Inc.NCB 33-05 92nd Street, 33-25 92nd Street, 33-45 92nd Street, 33-04 93rd Street, 33-24 93rd Street, 33-44 93rd StreetJackson HeightsNY11372Multifamily
57323-325-327 West 11th Street Owners Corp.NCB 323, 325 & 327 West 11th StreetNew YorkNY10014Multifamily
58156-168 East 3rd Street Owners, Inc.NCB 156-168 East 3rd StreetNew YorkNY10019Multifamily
59Highland MHPCIIICM 3000 Frontage RoadReedsportOR97467Manufactured Housing Community
60Airport Landing ApartmentsCIIICM 12211 Fondren RoadHoustonTX77035Multifamily
61140 Sullivan Cooperative Corp.NCB 138-140 Sullivan StreetNew YorkNY10012Multifamily

 

A-1-1 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES 
              
Mortgage Loan NumberProperty NameSpecific Property TypeYear
Built
Year
Renovated
Number of Units(2)Unit of Measure(2)Cut-off Date Balance Per Unit/SF(6)Original Balance ($)(6)Cut-off Date Balance ($)(6)% of Aggregate
Cut-off Date
Balance
Maturity Date Payment ($)ARD LoanOrigination Date
1Hyatt Place PortfolioLimited ServiceVarious2015754Rooms72,94455,000,00055,000,0008.7%48,103,880N1/17/2017
1.01Hyatt Place GreenvilleLimited Service19972015126Rooms 11,550,00011,550,0001.8%   
1.02Hyatt Place CharlotteLimited Service19962015126Rooms 11,350,00011,350,0001.8%   
1.03Hyatt Place DallasLimited Service19962015126Rooms 9,500,0009,500,0001.5%   
1.04Hyatt Place AlpharettaLimited Service19952015124Rooms 9,300,0009,300,0001.5%   
1.05Hyatt Place TopekaLimited Service19972015126Rooms 7,000,0007,000,0001.1%   
1.06Hyatt Place RoanokeLimited Service19972015126Rooms 6,300,0006,300,0001.0%   
2McLean Data Center PortfolioData Center19661998127,796Sq. Ft.39951,000,00051,000,0008.0%51,000,000N11/23/2016
3International Paper Global HQSuburban2002 214,060Sq. Ft.17938,350,00038,350,0006.0%35,225,495N12/12/2016
4Preferred Freezer VernonCold Storage2007 184,273Sq. Ft.17933,000,00033,000,0005.2%33,000,000N12/14/2016
5Promenade at Tutwiler FarmAnchored2000 223,153Sq. Ft.12427,700,00027,700,0004.4%27,700,000N12/8/2016
6Jamboree Business CenterSuburban2000 156,305Sq. Ft.16525,800,00025,800,0004.1%25,800,000N2/14/2017
7Cleveland Technology CenterData Center19202015270,185Sq. Ft.9425,300,00025,300,0004.0%25,300,000N1/25/2017
8Five Star Self-Storage PortfolioSelf StorageVariousVarious392,102Sq. Ft.6224,500,00024,466,5243.9%20,603,496N2/2/2017
8.01Lohr CircleSelf Storage1984 70,300Sq. Ft. 5,272,0005,264,7970.8%   
8.02FerndaleSelf Storage2001 59,163Sq. Ft. 5,206,1005,198,9870.8%   
8.03Airey CourtSelf Storage1995201463,675Sq. Ft. 4,103,9504,098,3430.6%   
8.04HighlandSelf Storage1999201570,864Sq. Ft. 3,624,5003,619,5480.6%   
8.05ChesterlandSelf Storage1999201654,205Sq. Ft. 2,965,5002,961,4480.5%   
8.06EnglewoodSelf Storage1987201544,425Sq. Ft. 1,977,0001,974,2990.3%   
8.07LansingSelf Storage1985 29,470Sq. Ft. 1,350,9501,349,1040.2%   
9Carrollton Avenue Shopping CenterAnchored2002 206,069Sq. Ft.10722,000,00022,000,0003.5%20,285,327N12/22/2016
10The Strand on Ocean DriveUnanchored1934201112,661Sq. Ft.1,58020,000,00020,000,0003.2%18,492,922N2/10/2017
11Palms of CarrollwoodAnchored19841993167,887Sq. Ft.11218,720,00018,720,0002.9%18,720,000N2/14/2017
12Whitehall Corporate Center VISuburban2008 116,855Sq. Ft.12314,400,00014,364,3422.3%11,901,762N12/19/2016
13Britt LakesGarden2006 216Units62,96313,600,00013,600,0002.1%11,580,642N10/31/2016
14Peachtree MallRegional Mall19751994536,202Sq. Ft.14711,555,56011,352,8041.8%8,495,891N7/1/2016
15Summercrest ApartmentsGarden19702016355Units31,97211,350,00011,350,0001.8%9,671,282N12/23/2016
169 Barrow Owners Corp.Cooperative1897201180Units137,50011,000,00011,000,0001.7%11,000,000N2/9/2017
17Holiday Inn BeaumontFull Service19832016253Rooms39,52610,000,00010,000,0001.6%8,259,430N2/10/2017
18Crossroads Shopping CenterAnchored1984 36,576Sq. Ft.27310,000,0009,970,6441.6%8,506,891N12/2/2016
19DoubleTree by Hilton TempeFull Service19742016270Rooms76,0519,600,0009,569,1031.5%8,049,589N11/21/2016
20Beech Meadow ApartmentsGarden1971 272Units34,9269,500,0009,500,0001.5%8,342,601N2/10/2017
21Brownstone TerraceStudent Housing1985 121Units77,9879,450,0009,436,3741.5%7,824,834N2/3/2017
22Holiday Inn Express & Suites RiverheadLimited Service2005 89Rooms100,9809,000,0008,987,1931.4%7,480,553N2/3/2017
23StaxUp Storage HomelandSelf Storage2004 91,354Sq. Ft.938,550,0008,537,7261.3%7,088,608N1/17/2017
24Biltmore ApartmentsGarden1979 186Units45,6998,500,0008,500,0001.3%7,736,143N12/28/2016
25Raghu ApartmentsGarden1970 234Units36,0048,425,0008,425,0001.3%7,180,905N12/23/2016
26Tri Retail PortfolioShadow AnchoredVarious 23,807Sq. Ft.3518,350,0008,350,0001.3%7,508,656N12/15/2016
26.01Target Shadow Anchored OutlotShadow Anchored2016 8,486Sq. Ft. 3,000,0003,000,0000.5%   
26.02Sherwin Williams AnchoredShadow Anchored2013 9,498Sq. Ft. 2,900,0002,900,0000.5%   
26.03Promenade at Castle RockShadow Anchored2015 5,823Sq. Ft. 2,450,0002,450,0000.4%   
27Security Public Storage - BreaSelf Storage1978 77,292Sq. Ft.1027,900,0007,888,2211.2%6,478,283N2/1/2017
28The Rochester ApartmentsGarden1980 168Units43,1557,250,0007,250,0001.1%6,596,152N12/28/2016
29Grinnell Water WorksSuburban1930200152,377Sq. Ft.1357,080,0007,080,0001.1%7,080,000N12/21/2016
30Tharp Portfolio IIIVariousVariousVarious29,826Sq. Ft.2266,750,0006,750,0001.1%5,601,929N2/14/2017
30.01CVS Triangle CenterSingle Tenant2006 12,900Sq. Ft. 2,975,0002,975,0000.5%   
30.02Southeastern & EnglishUnanchored1999201716,926Sq. Ft. 2,157,0002,157,0000.3%   
30.03Fifth Third - Land LeaseLeased Fee  0Sq. Ft. 1,110,0001,110,0000.2%   
30.04Dunkin Donuts - Land LeaseLeased Fee  0Sq. Ft. 508,000508,0000.1%   
31Country Inn & Suites - DearbornLimited Service2013 100Rooms64,9096,500,0006,490,9091.0%5,429,623N2/9/2017
32Oceanview Towers Inc.Cooperative19672014160Units38,0616,100,0006,089,7091.0%5,430,233N12/14/2016
33Holiday Inn Express & Suites SedaliaLimited Service2008 76Rooms78,8346,000,0005,991,4060.9%4,977,612N2/9/2017
34Tulsa ShopsAnchored1975201491,907Sq. Ft.625,662,0005,662,0000.9%4,901,665N2/9/2017
35Little York Plaza Shopping CenterAnchored19681993113,878Sq. Ft.495,581,0005,581,0000.9%5,581,000N1/24/2017
36Haverstick Office ParkSuburban1982201380,696Sq. Ft.685,460,0005,460,0000.9%4,849,189N12/22/2016
37118 Flats OvalGarden2016 32Units170,3135,450,0005,450,0000.9%4,861,578N2/14/2017
38Cypress Gardens MHCManufactured Housing Community1971 269Pads18,5455,000,0004,988,6670.8%4,202,681N12/22/2016
39Victoria Place - CAUnanchored1989 42,595Sq. Ft.1134,800,0004,800,0000.8%4,129,924N12/1/2016
40Your Place StorageSelf Storage1973201580,354Sq. Ft.594,775,0004,775,0000.8%4,158,308N12/12/2016
41Indiana MHC PortfolioManufactured Housing CommunityVariousVarious230Pads20,3904,700,0004,689,6900.7%3,974,271N12/22/2016
41.01Berkshire PointeManufactured Housing Community19852005115Pads 2,467,5002,462,0870.4%   
41.02Amberly PointeManufactured Housing Community1998 115Pads 2,232,5002,227,6030.4%   
42West Wind Shopping CenterAnchored2005 41,086Sq. Ft.1044,275,0004,275,0000.7%4,275,000N2/1/2017
43Lithia SquareAnchored1982 69,007Sq. Ft.584,000,0003,990,5700.6%3,337,484N1/11/2017
44Rockville Tudor Apt. Corp.Cooperative1929201178Units48,7183,800,0003,800,0000.6%3,012,093N2/10/2017
4560-104 Owners Corp.Cooperative1941199689Units37,5773,350,0003,344,3610.5%2,983,036N12/20/2016
4655 Lenox Tenants CorporationCooperative1961201663Units52,2143,300,0003,289,4840.5%2,584,600N12/29/2016
47American Storage of RockwallSelf Storage1999 48,250Sq. Ft.653,112,5003,112,5000.5%2,721,945N12/7/2016
48Sunset Green Housing CorporationCooperative1960199669Units43,3533,000,0002,991,3810.5%2,404,890N12/29/2016
49Westbrook Tenants CorporationCooperative1952201187Units34,3813,000,0002,991,1110.5%2,388,720N12/22/2016
50The Offices at Johns CreekMedical2004 21,947Sq. Ft.1322,900,0002,893,1180.5%2,416,666N1/11/2017
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.Cooperative1960201367Units42,3402,850,0002,836,8110.4%2,233,099N11/30/2016
52345 Bronx River Road Owners, Inc.Cooperative1958200287Units28,7362,500,0002,500,0000.4%2,005,893N2/8/2017
53Leopard Mobile Home ParkManufactured Housing Community19692015184Pads13,2882,445,0002,445,0000.4%2,095,461N2/13/2017
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.Cooperative19562006107Units19,6062,100,0002,097,8230.3%1,863,912N1/31/2017
55Shore Road Apartment CorporationCooperative1930200459Units35,4872,100,0002,093,7170.3%1,668,501N12/22/2016
56Southridge Cooperative, Section 1, Inc.Cooperative19571999359Units5,5712,000,0002,000,0000.3%9,262N2/3/2017
57323-325-327 West 11th Street Owners Corp.Cooperative1900200636Units44,3731,600,0001,597,4150.3%1,281,627N1/31/2017
58156-168 East 3rd Street Owners, Inc.Cooperative1940201260Units26,6221,600,0001,597,3490.3%1,272,083N1/30/2017
59Highland MHPManufactured Housing Community1962201574Pads19,2121,425,0001,421,7010.2%1,193,025N12/15/2016
60Airport Landing ApartmentsGarden19831998240Units5,8753,600,0001,410,0790.2%158,742N5/31/2001
61140 Sullivan Cooperative Corp.Cooperative186820109Units111,1111,000,0001,000,0000.2%1,000,000N2/1/2017

 

A-1-2 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
              
Mortgage Loan NumberProperty NameFirst Pay DateLast IO Pay DateFirst P&I Pay DateMaturity Date or Anticipated Repayment DateARD Loan Maturity DateGross Mortgage RateOperating Advisor Ongoing Fee RateCertificate Administrator Fee RateServicing FeeCREFC® IP Royalty License Fee RateAsset Representations Reviewer Fee RateNet Mortgage Rate
1Hyatt Place Portfolio3/6/20172/6/20193/6/20192/6/2027 5.44000%0.00240%0.01030%0.02250%0.00050%0.00043%5.40387%
1.01Hyatt Place Greenville            
1.02Hyatt Place Charlotte            
1.03Hyatt Place Dallas            
1.04Hyatt Place Alpharetta            
1.05Hyatt Place Topeka            
1.06Hyatt Place Roanoke            
2McLean Data Center Portfolio1/11/201712/11/2021 12/11/2021 4.57000%0.00240%0.01030%0.00500%0.00050%0.00043%4.55137%
3International Paper Global HQ2/11/20171/11/20222/11/20221/11/2027 4.74000%0.00240%0.01030%0.00500%0.00050%0.00043%4.72137%
4Preferred Freezer Vernon2/11/20171/11/2027 1/11/2027 4.89000%0.00240%0.01030%0.00500%0.00050%0.00043%4.87137%
5Promenade at Tutwiler Farm1/6/201712/6/2026 12/6/2026 4.95000%0.00240%0.01030%0.00500%0.00050%0.00043%4.93137%
6Jamboree Business Center4/6/20173/6/2027 3/6/2027 4.60500%0.00240%0.01030%0.00500%0.00050%0.00043%4.58637%
7Cleveland Technology Center3/6/20172/6/2022 2/6/2022 4.56000%0.00240%0.01030%0.00500%0.00050%0.00043%4.54137%
8Five Star Self-Storage Portfolio3/6/2017 3/6/20172/6/2027 5.73000%0.00240%0.01030%0.03250%0.00050%0.00043%5.68387%
8.01Lohr Circle            
8.02Ferndale            
8.03Airey Court            
8.04Highland            
8.05Chesterland            
8.06Englewood            
8.07Lansing            
9Carrollton Avenue Shopping Center2/11/20171/11/20222/11/20221/11/2027 4.99000%0.00240%0.01030%0.00500%0.00050%0.00043%4.97137%
10The Strand on Ocean Drive4/6/20173/6/20224/6/20223/6/2027 5.17000%0.00240%0.01030%0.00500%0.00050%0.00043%5.15137%
11Palms of Carrollwood4/6/20173/6/2027 3/6/2027 4.73000%0.00240%0.01030%0.00500%0.00050%0.00043%4.71137%
12Whitehall Corporate Center VI2/11/2017 2/11/20171/11/2027 5.17000%0.00240%0.01030%0.01750%0.00050%0.00043%5.13887%
13Britt Lakes12/6/201611/6/201812/6/201811/6/2026 4.39000%0.00240%0.01030%0.00500%0.00050%0.00043%4.37137%
14Peachtree Mall7/6/2016 7/6/201612/6/2025 3.94400%0.00000%0.01030%0.00500%0.00050%0.00043%3.92777%
15Summercrest Apartments2/6/20171/6/20182/6/20181/6/2027 5.33000%0.00240%0.01030%0.00500%0.00050%0.00043%5.31137%
169 Barrow Owners Corp.4/1/20173/1/2027 3/1/2027 3.96000%0.00240%0.01030%0.08000%0.00050%0.00043%3.86637%
17Holiday Inn Beaumont4/6/2017 4/6/20173/6/2027 5.14000%0.00240%0.01030%0.00500%0.00050%0.00043%5.12137%
18Crossroads Shopping Center1/6/2017 1/6/201712/6/2026 6.11100%0.00240%0.01030%0.00500%0.00050%0.00043%6.09237%
19DoubleTree by Hilton Tempe1/6/2017 1/6/201712/6/2026 5.62700%0.00000%0.01030%0.00500%0.00050%0.00043%5.61077%
20Beech Meadow Apartments3/6/20172/6/20193/6/20192/6/2027 5.61000%0.00240%0.01030%0.00500%0.00050%0.00043%5.59137%
21Brownstone Terrace3/6/2017 3/6/20172/6/2027 5.23000%0.00240%0.01030%0.00500%0.00050%0.00043%5.21137%
22Holiday Inn Express & Suites Riverhead3/6/2017 3/6/20172/6/2027 5.35000%0.00240%0.01030%0.00500%0.00050%0.00043%5.33137%
23StaxUp Storage Homeland3/11/2017 3/11/20172/11/2027 5.27000%0.00240%0.01030%0.00500%0.00050%0.00043%5.25137%
24Biltmore Apartments2/6/20171/6/20212/6/20211/6/2027 5.37000%0.00240%0.01030%0.04250%0.00050%0.00043%5.31387%
25Raghu Apartments2/6/20171/6/20182/6/20181/6/2027 5.34000%0.00240%0.01030%0.00500%0.00050%0.00043%5.32137%
26Tri Retail Portfolio2/6/20171/6/20202/6/20201/6/2027 5.75000%0.00240%0.01030%0.00500%0.00050%0.00043%5.73137%
26.01Target Shadow Anchored Outlot            
26.02Sherwin Williams Anchored            
26.03Promenade at Castle Rock            
27Security Public Storage - Brea3/11/2017 3/11/20172/11/2027 4.93000%0.00240%0.01030%0.00500%0.00050%0.00043%4.91137%
28The Rochester Apartments2/6/20171/6/20212/6/20211/6/2027 5.35000%0.00240%0.01030%0.04250%0.00050%0.00043%5.29387%
29Grinnell Water Works2/6/20171/6/2027 1/6/2027 4.98000%0.00240%0.01030%0.00500%0.00050%0.00043%4.96137%
30Tharp Portfolio III4/11/2017 4/11/20173/11/2027 5.29000%0.00240%0.01030%0.00500%0.00050%0.00043%5.27137%
30.01CVS Triangle Center            
30.02Southeastern & English            
30.03Fifth Third - Land Lease            
30.04Dunkin Donuts - Land Lease            
31Country Inn & Suites - Dearborn3/6/2017 3/6/20172/6/2027 5.51000%0.00240%0.01030%0.00500%0.00050%0.00043%5.49137%
32Oceanview Towers Inc.2/1/2017 2/1/20171/1/2027 4.31000%0.00240%0.01030%0.08000%0.00050%0.00043%4.21637%
33Holiday Inn Express & Suites Sedalia3/6/2017 3/6/20172/6/2027 5.29000%0.00240%0.01030%0.00500%0.00050%0.00043%5.27137%
34Tulsa Shops4/6/20173/6/20194/6/20193/6/2027 5.01500%0.00240%0.01030%0.00500%0.00050%0.00043%4.99637%
35Little York Plaza Shopping Center3/11/20172/11/2027 2/11/2027 4.79000%0.00240%0.01030%0.00500%0.00050%0.00043%4.77137%
36Haverstick Office Park2/11/20171/11/20202/11/20201/11/2027 5.15000%0.00240%0.01030%0.00500%0.00050%0.00043%5.13137%
37118 Flats Oval4/6/20173/6/20204/6/20203/6/2027 5.36000%0.00240%0.01030%0.00500%0.00050%0.00043%5.34137%
38Cypress Gardens MHC2/6/2017 2/6/20171/6/2027 5.71000%0.00240%0.01030%0.00500%0.00050%0.00043%5.69137%
39Victoria Place - CA1/11/201712/11/20181/11/201912/11/2026 4.78000%0.00240%0.01030%0.00500%0.00050%0.00043%4.76137%
40Your Place Storage2/11/20171/11/20192/11/20191/11/2027 5.26000%0.00240%0.01030%0.00500%0.00050%0.00043%5.24137%
41Indiana MHC Portfolio2/6/2017 2/6/20171/6/2027 5.91000%0.00240%0.01030%0.00500%0.00050%0.00043%5.89137%
41.01Berkshire Pointe            
41.02Amberly Pointe            
42West Wind Shopping Center3/11/20172/11/2027 2/11/2027 4.76000%0.00240%0.01030%0.08250%0.00050%0.00043%4.66387%
43Lithia Square2/6/2017 2/6/20171/6/2027 5.47000%0.00240%0.01030%0.00500%0.00050%0.00043%5.45137%
44Rockville Tudor Apt. Corp.4/1/2017 4/1/20173/1/2027 3.94000%0.00240%0.01030%0.08000%0.00050%0.00043%3.84637%
4560-104 Owners Corp.2/1/2017 2/1/20171/1/2027 4.32000%0.00240%0.01030%0.08000%0.00050%0.00043%4.22637%
4655 Lenox Tenants Corporation2/1/2017 2/1/20171/1/2027 3.62000%0.00240%0.01030%0.08000%0.00050%0.00043%3.52637%
47American Storage of Rockwall1/11/201712/11/20181/11/201912/11/2026 5.43000%0.00240%0.01030%0.00500%0.00050%0.00043%5.41137%
48Sunset Green Housing Corporation2/1/2017 2/1/20171/1/2027 4.26000%0.00240%0.01030%0.08000%0.00050%0.00043%4.16637%
49Westbrook Tenants Corporation2/1/2017 2/1/20171/1/2027 4.07000%0.00240%0.01030%0.08000%0.00050%0.00043%3.97637%
50The Offices at Johns Creek2/11/2017 2/11/20171/11/2027 5.43000%0.00240%0.01030%0.08250%0.00050%0.00043%5.33387%
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.1/1/2017 1/1/201712/1/2026 3.63000%0.00240%0.01030%0.08000%0.00050%0.00043%3.53637%
52345 Bronx River Road Owners, Inc.4/1/2017 4/1/20173/1/2027 4.28000%0.00240%0.01030%0.08000%0.00050%0.00043%4.18637%
53Leopard Mobile Home Park4/11/20173/11/20184/11/20183/11/2027 5.53000%0.00240%0.01030%0.00500%0.00050%0.00043%5.51137%
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.3/1/2017 3/1/20172/1/2027 4.21000%0.00240%0.01030%0.08000%0.00050%0.00043%4.11637%
55Shore Road Apartment Corporation2/1/2017 2/1/20171/1/2027 4.01000%0.00240%0.01030%0.08000%0.00050%0.00043%3.91637%
56Southridge Cooperative, Section 1, Inc.4/1/2017 4/1/20173/1/2027 4.28000%0.00240%0.01030%0.08000%0.00050%0.00043%4.18637%
57323-325-327 West 11th Street Owners Corp.3/1/2017 3/1/20172/1/2027 4.24000%0.00240%0.01030%0.08000%0.00050%0.00043%4.14637%
58156-168 East 3rd Street Owners, Inc.3/1/2017 3/1/20172/1/2027 4.03000%0.00240%0.01030%0.08000%0.00050%0.00043%3.93637%
59Highland MHP2/11/2017 2/11/20171/11/2027 5.58000%0.00240%0.01030%0.00500%0.00050%0.00043%5.56137%
60Airport Landing Apartments7/1/2001 7/1/20016/1/2021 8.04000%0.00240%0.01030%0.00500%0.00050%0.00043%8.02137%
61140 Sullivan Cooperative Corp.3/1/20172/1/2027 2/1/2027 4.53000%0.00240%0.01030%0.08000%0.00050%0.00043%4.43637%

 

A-1-3 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
             
Mortgage Loan NumberProperty NameInterest Accrual MethodMonthly P&I Payment ($)Amortization TypeInterest Accrual Method During IOOriginal Term to Maturity (Mos.)Remaining Term to Maturity (Mos.)Original IO
Period (Mos.)
Remaining IO
Period (Mos.)
Original Amort Term (Mos.)Remaining Amort Term (Mos.)Seasoning
1Hyatt Place PortfolioActual/360310,216.63Interest-only, Amortizing BalloonActual/36012011924233603601
1.01Hyatt Place Greenville           
1.02Hyatt Place Charlotte           
1.03Hyatt Place Dallas           
1.04Hyatt Place Alpharetta           
1.05Hyatt Place Topeka           
1.06Hyatt Place Roanoke           
2McLean Data Center PortfolioActual/360196,922.57Interest-only, BalloonActual/36060576057003
3International Paper Global HQActual/360199,820.66Interest-only, Amortizing BalloonActual/36012011860583603602
4Preferred Freezer VernonActual/360136,342.71Interest-only, BalloonActual/360120118120118002
5Promenade at Tutwiler FarmActual/360115,849.48Interest-only, BalloonActual/360120117120117003
6Jamboree Business CenterActual/360100,382.60Interest-only, BalloonActual/360120120120120000
7Cleveland Technology CenterActual/36097,475.28Interest-only, BalloonActual/36060596059001
8Five Star Self-Storage PortfolioActual/360142,664.22Amortizing Balloon 120119003603591
8.01Lohr Circle           
8.02Ferndale           
8.03Airey Court           
8.04Highland           
8.05Chesterland           
8.06Englewood           
8.07Lansing           
9Carrollton Avenue Shopping CenterActual/360117,966.34Interest-only, Amortizing BalloonActual/36012011860583603602
10The Strand on Ocean DriveActual/360109,451.82Interest-only, Amortizing BalloonActual/36012012060603603600
11Palms of CarrollwoodActual/36074,812.83Interest-only, BalloonActual/360120120120120000
12Whitehall Corporate Center VIActual/36078,805.31Amortizing Balloon 120118003603582
13Britt LakesActual/36068,023.17Interest-only, Amortizing BalloonActual/36012011624203603604
14Peachtree MallActual/36060,637.77Amortizing Balloon 114105003002919
15Summercrest ApartmentsActual/36063,238.69Interest-only, Amortizing BalloonActual/36012011812103603602
169 Barrow Owners Corp.Actual/36036,804.17Interest-only, BalloonActual/360120120120120000
17Holiday Inn BeaumontActual/36054,541.03Amortizing Balloon 120120003603600
18Crossroads Shopping CenterActual/36060,670.55Amortizing Balloon 120117003603573
19DoubleTree by Hilton TempeActual/36055,275.14Amortizing Balloon 120117003603573
20Beech Meadow ApartmentsActual/36054,597.42Interest-only, Amortizing BalloonActual/36012011924233603601
21Brownstone TerraceActual/36052,066.25Amortizing Balloon 120119003603591
22Holiday Inn Express & Suites RiverheadActual/36050,257.23Amortizing Balloon 120119003603591
23StaxUp Storage HomelandActual/36047,319.39Amortizing Balloon 120119003603591
24Biltmore ApartmentsActual/36047,571.06Interest-only, Amortizing BalloonActual/36012011848463603602
25Raghu ApartmentsActual/36046,993.91Interest-only, Amortizing BalloonActual/36012011812103603602
26Tri Retail PortfolioActual/36048,728.33Interest-only, Amortizing BalloonActual/36012011836343603602
26.01Target Shadow Anchored Outlot           
26.02Sherwin Williams Anchored           
26.03Promenade at Castle Rock           
27Security Public Storage - BreaActual/36042,071.58Amortizing Balloon 120119003603591
28The Rochester ApartmentsActual/36040,484.99Interest-only, Amortizing BalloonActual/36012011848463603602
29Grinnell Water WorksActual/36029,790.08Interest-only, BalloonActual/360120118120118002
30Tharp Portfolio IIIActual/36037,441.16Amortizing Balloon 120120003603600
30.01CVS Triangle Center           
30.02Southeastern & English           
30.03Fifth Third - Land Lease           
30.04Dunkin Donuts - Land Lease           
31Country Inn & Suites - DearbornActual/36036,947.08Amortizing Balloon 120119003603591
32Oceanview Towers Inc.Actual/36026,682.80Amortizing Balloon 120118004804782
33Holiday Inn Express & Suites SedaliaActual/36033,281.03Amortizing Balloon 120119003603591
34Tulsa ShopsActual/36030,446.77Interest-only, Amortizing BalloonActual/36012012024243603600
35Little York Plaza Shopping CenterActual/36022,586.90Interest-only, BalloonActual/360120119120119001
36Haverstick Office ParkActual/36029,813.03Interest-only, Amortizing BalloonActual/36012011836343603602
37118 Flats OvalActual/36030,467.49Interest-only, Amortizing BalloonActual/36012012036363603600
38Cypress Gardens MHCActual/36029,051.71Amortizing Balloon 120118003603582
39Victoria Place - CAActual/36025,125.94Interest-only, Amortizing BalloonActual/36012011724213603603
40Your Place StorageActual/36026,397.31Interest-only, Amortizing BalloonActual/36012011824223603602
41Indiana MHC PortfolioActual/36027,907.50Amortizing Balloon 120118003603582
41.01Berkshire Pointe           
41.02Amberly Pointe           
42West Wind Shopping CenterActual/36017,193.02Interest-only, BalloonActual/360120119120119001
43Lithia SquareActual/36022,636.33Amortizing Balloon 120118003603582
44Rockville Tudor Apt. Corp.Actual/36018,010.58Amortizing Balloon 120120003603600
4560-104 Owners Corp.Actual/36014,674.95Amortizing Balloon 120118004804782
4655 Lenox Tenants CorporationActual/36015,040.41Amortizing Balloon 120118003603582
47American Storage of RockwallActual/36017,535.98Interest-only, Amortizing BalloonActual/36012011724213603603
48Sunset Green Housing CorporationActual/36014,775.76Amortizing Balloon 120118003603582
49Westbrook Tenants CorporationActual/36014,443.79Amortizing Balloon 120118003603582
50The Offices at Johns CreekActual/36016,338.74Amortizing Balloon 120118003603582
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.Actual/36013,005.48Amortizing Balloon 120117003603573
52345 Bronx River Road Owners, Inc.Actual/36012,342.44Amortizing Balloon 120120003603600
53Leopard Mobile Home ParkActual/36013,928.50Interest-only, Amortizing BalloonActual/36012012012123603600
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.Actual/3609,052.96Amortizing Balloon 120119004804791
55Shore Road Apartment CorporationActual/36010,037.83Amortizing Balloon 120118003603582
56Southridge Cooperative, Section 1, Inc.Actual/36020,516.24Fully Amortizing 120120001201200
57323-325-327 West 11th Street Owners Corp.Actual/3607,861.67Amortizing Balloon 120119003603591
58156-168 East 3rd Street Owners, Inc.Actual/3607,666.34Amortizing Balloon 120119003603591
59Highland MHPActual/3608,162.66Amortizing Balloon 120118003603582
60Airport Landing ApartmentsActual/36030,201.52Fully Amortizing 240510024051189
61140 Sullivan Cooperative Corp.Actual/3603,827.43Interest-only, BalloonActual/360120119120119001

 

A-1-4 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
              
Mortgage Loan NumberProperty NamePrepayment Provisions(3)Grace Period Default (Days)(4)Grace Period Late (Days)Appraised Value ($)(5)Appraisal DateCoop -Rental Value Coop - LTV as Rental Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop -
Coop Units
Coop - Sponsor/Investor Carry
1Hyatt Place PortfolioL(23),GRTR 1% or YM(90),O(7)0085,100,00011/30/2016       
1.01Hyatt Place Greenville   17,600,00011/30/2016       
1.02Hyatt Place Charlotte   17,700,00011/30/2016       
1.03Hyatt Place Dallas   15,000,00011/30/2016       
1.04Hyatt Place Alpharetta   13,900,00011/30/2016       
1.05Hyatt Place Topeka   10,800,00011/30/2016       
1.06Hyatt Place Roanoke   10,100,00011/30/2016       
2McLean Data Center PortfolioL(27),D(29),O(4)0085,000,00011/2/2016       
3International Paper Global HQL(26),GRTR 1% or YM(90),O(4)0558,270,00010/20/2016       
4Preferred Freezer VernonL(26),D(90),O(4)0558,000,00010/12/2016       
5Promenade at Tutwiler FarmL(24),GRTR 1% or YM(92),O(4)0043,000,00011/2/2016       
6Jamboree Business CenterL(24),D(91),O(5)0042,300,0001/27/2017       
7Cleveland Technology CenterL(25),D(31),O(4)0061,000,00012/20/2016       
8Five Star Self-Storage PortfolioL(25),D(91),O(4)0038,100,000Various       
8.01Lohr Circle   8,300,00011/23/2016       
8.02Ferndale   8,050,00011/23/2016       
8.03Airey Court   6,450,00011/23/2016       
8.04Highland   5,700,00011/23/2016       
8.05Chesterland   4,500,00011/18/2016       
8.06Englewood   3,000,00011/15/2016       
8.07Lansing   2,100,00011/23/2016       
9Carrollton Avenue Shopping CenterL(26),D(90),O(4)0038,320,00011/25/2016       
10The Strand on Ocean DriveL(24),D(92),O(4)0033,000,00010/23/2016       
11Palms of CarrollwoodL(24),D(93),O(3)0033,000,00012/12/2016       
12Whitehall Corporate Center VIL(26),D(90),O(4)0520,500,0009/1/2017       
13Britt LakesL(28),D(87),O(5)01518,435,0009/28/2016       
14Peachtree MallL(33),D(77),O(4)00140,000,0009/1/2016       
15Summercrest ApartmentsL(26),D(90),O(4)0017,130,00011/2/2016       
169 Barrow Owners Corp.GRTR 1% or YM(113),1%(3),O(4)101083,200,00012/21/201660,000,00018.3%7.5%150137,751
17Holiday Inn BeaumontL(24),D(92),O(4)0018,000,00012/19/2016       
18Crossroads Shopping CenterL(27),D(90),O(3)0016,000,00011/8/2016       
19DoubleTree by Hilton TempeL(27),D(90),O(3)0032,300,00010/25/2016       
20Beech Meadow ApartmentsL(25),D(91),O(4)0014,500,0001/3/2017       
21Brownstone TerraceL(25),D(91),O(4)0013,500,0009/20/2016       
22Holiday Inn Express & Suites RiverheadL(25),D(91),O(4)0016,500,0001/1/2018       
23StaxUp Storage HomelandL(25),D(92),O(3)0015,370,00011/3/2016       
24Biltmore ApartmentsL(23),GRTR 1% or YM(93),O(4)0013,000,00012/5/2016       
25Raghu ApartmentsL(26),D(90),O(4)0013,070,00011/3/2016       
26Tri Retail PortfolioL(26),D(90),O(4)0013,110,000Various       
26.01Target Shadow Anchored Outlot   5,050,00011/16/2016       
26.02Sherwin Williams Anchored   4,160,00011/18/2016       
26.03Promenade at Castle Rock   3,900,00011/15/2016       
27Security Public Storage - BreaL(25),GRTR 1% or YM or D(88),O(7)0013,350,00012/9/2016       
28The Rochester ApartmentsL(23),GRTR 1% or YM(93),O(4)0011,500,00012/5/2016       
29Grinnell Water WorksL(12),GRTR 1% or YM(104),O(4)0012,400,00012/7/2016       
30Tharp Portfolio IIIL(24),D(93),O(3)0010,640,000Various       
30.01CVS Triangle Center   4,690,0008/4/2016       
30.02Southeastern & English   3,400,00011/30/2016       
30.03Fifth Third - Land Lease   1,750,0007/29/2016       
30.04Dunkin Donuts - Land Lease   800,0008/4/2016       
31Country Inn & Suites - DearbornL(25),D(91),O(4)009,300,0001/1/2017       
32Oceanview Towers Inc.GRTR 1% or YM(113),1%(3),O(4)101052,680,00011/9/201649,000,00012.4%4.4%007 
33Holiday Inn Express & Suites SedaliaL(25),D(91),O(4)008,900,00011/28/2016       
34Tulsa ShopsL(24),D(92),O(4)007,700,00012/20/2016       
35Little York Plaza Shopping CenterL(25),D(91),O(4)059,760,00011/29/2016       
36Haverstick Office ParkL(26),D(90),O(4)057,900,00011/22/2016       
37118 Flats OvalL(24),D(93),O(3)008,100,0001/13/2017       
38Cypress Gardens MHCL(26),D(90),O(4)007,910,0009/29/2016       
39Victoria Place - CAL(27),D(89),O(4)057,100,0009/17/2016       
40Your Place StorageL(26),D(91),O(3)006,750,00010/25/2016       
41Indiana MHC PortfolioL(26),D(90),O(4)006,370,00011/7/2016       
41.01Berkshire Pointe   3,290,00011/7/2016       
41.02Amberly Pointe   3,080,00011/7/2016       
42West Wind Shopping CenterL(25),D(91),O(4)007,650,00012/4/2016       
43Lithia SquareL(26),D(89),O(5)007,475,00010/20/2016       
44Rockville Tudor Apt. Corp.GRTR 1% or YM(113),1%(3),O(4)101013,200,00012/5/201612,350,00030.8%3.8%300(10,878)
4560-104 Owners Corp.GRTR 1% or YM(113),1%(3),O(4)101020,525,00011/3/201620,500,00016.3%6.7%60055,962
4655 Lenox Tenants CorporationGRTR 1% or YM(113),1%(3),O(4)101018,000,00011/2/201620,000,00016.4%1.6%1003,288
47American Storage of RockwallL(27),D(90),O(3)004,350,00011/2/2016       
48Sunset Green Housing CorporationGRTR 1% or YM(113),1%(3),O(4)101010,800,0007/12/201610,000,00029.9%5.8%004 
49Westbrook Tenants CorporationGRTR 1% or YM(113),1%(3),O(4)101020,300,00010/18/201621,300,00014.0%19.5%1232NAV
50The Offices at Johns CreekL(26),GRTR 1% or YM(90),O(4)004,150,00011/18/2016       
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.GRTR 1% or YM(113),1%(3),O(4)101016,340,00010/13/201615,100,00018.8%0.0%000 
52345 Bronx River Road Owners, Inc.GRTR 1% or YM(113),1%(3),O(4)101012,650,0001/10/201710,050,00024.9%39.1%3400227,602
53Leopard Mobile Home ParkL(24),D(93),O(3)003,920,00012/15/2016       
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.GRTR 1% or YM(113),1%(3),O(4)101017,350,00012/8/201612,000,00017.5%1.9%002 
55Shore Road Apartment CorporationGRTR 1% or YM(113),1%(3),O(4)10108,790,00011/1/20168,350,00025.1%10.2%600(8,062)
56Southridge Cooperative, Section 1, Inc.GRTR 1% or YM(113),1%(3),O(4)101083,900,0001/24/201780,540,0002.5%0.6%002 
57323-325-327 West 11th Street Owners Corp.GRTR 1% or YM(113),1%(3),O(4)101032,660,00012/29/201620,100,0007.9%30.6%1100(38,111)
58156-168 East 3rd Street Owners, Inc.GRTR 1% or YM(113),1%(3),O(4)101046,800,0001/5/201728,600,0005.6%45.0%2700677,697
59Highland MHPL(26),D(91),O(3)002,000,00011/8/2016       
60Airport Landing ApartmentsL(35),GRTR 1% or YM(201),O(4)559,740,0001/19/2017       
61140 Sullivan Cooperative Corp.GRTR 1% or YM(113),1%(3),O(4)101029,400,0002/16/201616,150,0006.2%0.0%000 

  

A-1-5 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
             
Mortgage Loan NumberProperty NameCoop - Committed Secondary DebtU/W NOI
DSCR (x)(6)(7)
U/W NCF
DSCR (x)(6)(7)
Cut-off Date LTV Ratio(5)(6)(7)LTV Ratio at Maturity(5)(6)(7)Cut-off Date U/W NOI Debt Yield(6)(7)Cut-off Date U/W NCF Debt Yield(6)(7)U/W
Revenues ($)(2)(8)
U/W
Expenses ($)
U/W Net Operating Income ($)U/W
Replacement ($)
1Hyatt Place Portfolio 2.031.7864.6%56.5%13.7%12.0%22,933,29815,394,9997,538,300917,332
1.01Hyatt Place Greenville       4,028,6672,474,3721,554,295161,147
1.02Hyatt Place Charlotte       4,184,4472,673,4121,511,035167,378
1.03Hyatt Place Dallas       4,003,8462,692,7401,311,107160,154
1.04Hyatt Place Alpharetta       4,060,7762,706,0831,354,692162,431
1.05Hyatt Place Topeka       3,543,0862,558,055985,031141,723
1.06Hyatt Place Roanoke       3,112,4762,290,337822,139124,499
2McLean Data Center Portfolio 2.442.3260.0%60.0%11.3%10.8%7,292,1811,524,8665,767,31546,150
3International Paper Global HQ 1.741.5265.8%60.5%10.9%9.5%5,849,2191,675,4124,173,80742,812
4Preferred Freezer Vernon 2.021.9456.9%56.9%10.0%9.6%4,188,461883,2183,305,24327,641
5Promenade at Tutwiler Farm 1.901.7664.4%64.4%9.6%8.8%3,528,097880,0942,648,00335,384
6Jamboree Business Center 2.222.0661.0%61.0%10.3%9.6%4,273,3621,603,5432,669,81931,261
7Cleveland Technology Center 3.733.4641.5%41.5%17.3%16.0%7,621,8443,254,5934,367,25154,037
8Five Star Self-Storage Portfolio 1.391.3764.2%54.1%9.7%9.6%3,676,0861,301,5342,374,55223,294
8.01Lohr Circle       701,802206,137495,6657,030
8.02Ferndale       783,698278,514505,1842,958
8.03Airey Court       596,589195,055401,5344,457
8.04Highland       546,081146,212399,8692,835
8.05Chesterland       459,818210,167249,651542
8.06Englewood       327,219162,626164,5933,998
8.07Lansing       260,879102,822158,0571,474
9Carrollton Avenue Shopping Center 1.421.3857.4%52.9%9.1%8.9%2,506,876503,5602,003,31510,303
10The Strand on Ocean Drive 1.161.1560.6%56.0%7.6%7.6%1,887,520361,6581,525,8621,899
11Palms of Carrollwood 2.272.0556.7%56.7%10.9%9.8%2,968,758933,1652,035,59343,651
12Whitehall Corporate Center VI 1.431.2770.1%58.1%9.4%8.3%2,236,437880,1451,356,29323,371
13Britt Lakes 1.411.3573.8%62.8%8.5%8.1%1,812,263659,4501,152,81454,000
14Peachtree Mall 2.001.8556.4%42.2%12.8%11.8%14,016,0783,916,45410,099,62380,430
15Summercrest Apartments 1.731.5966.3%56.5%11.5%10.6%2,831,4361,520,5161,310,920106,500
169 Barrow Owners Corp.750,0006.836.7913.2%13.2%27.4%27.3%4,526,0851,511,5853,014,50014,600
17Holiday Inn Beaumont 2.211.7955.6%45.9%14.5%11.7%6,955,7525,506,7281,449,025278,230
18Crossroads Shopping Center 1.341.2662.3%53.2%9.8%9.2%1,469,187495,388973,7997,315
19DoubleTree by Hilton Tempe 2.101.6963.6%53.5%14.6%11.7%11,610,6838,618,8562,991,827580,534
20Beech Meadow Apartments 1.401.3065.5%57.5%9.7%8.9%2,009,1731,091,881917,29368,000
21Brownstone Terrace 1.411.3569.9%58.0%9.3%8.9%1,369,744488,986880,75836,300
22Holiday Inn Express & Suites Riverhead 1.951.7054.5%45.3%13.1%11.4%3,859,6862,682,1571,177,529154,387
23StaxUp Storage Homeland 1.421.4055.5%46.1%9.4%9.3%1,146,510341,573804,9379,135
24Biltmore Apartments 1.411.3365.4%59.5%9.5%8.9%1,623,886819,660804,22746,500
25Raghu Apartments 1.741.6264.5%54.9%11.7%10.8%1,921,265937,439983,82670,200
26Tri Retail Portfolio 1.281.2563.7%57.3%8.9%8.8%997,060249,842747,2183,571
26.01Target Shadow Anchored Outlot       383,368103,031280,3371,273
26.02Sherwin Williams Anchored       335,08579,883255,2021,425
26.03Promenade at Castle Rock       278,60766,928211,679873
27Security Public Storage - Brea 1.551.5459.1%48.5%9.9%9.8%1,170,218385,542784,6758,646
28The Rochester Apartments 1.531.4463.0%57.4%10.2%9.6%1,509,610768,428741,18242,000
29Grinnell Water Works 2.181.9857.1%57.1%11.0%10.0%1,200,735423,002777,73318,182
30Tharp Portfolio III 1.401.3663.4%52.6%9.3%9.0%772,379141,393630,9867,013
30.01CVS Triangle Center       329,13360,949268,1841,935
30.02Southeastern & English       306,43674,329232,1075,078
30.03Fifth Third - Land Lease       92,3694,00288,3670
30.04Dunkin Donuts - Land Lease       44,4412,11342,3280
31Country Inn & Suites - Dearborn 2.001.7869.8%58.4%13.7%12.2%2,427,7221,541,320886,40397,109
32Oceanview Towers Inc. 7.026.8711.6%10.3%36.9%36.1%4,078,1911,831,1962,246,99548,300
33Holiday Inn Express & Suites Sedalia 2.191.9867.3%55.9%14.6%13.2%2,096,3831,222,605873,77883,855
34Tulsa Shops 1.651.4973.5%63.7%10.6%9.6%761,399158,896602,50213,786
35Little York Plaza Shopping Center 2.712.3457.2%57.2%13.2%11.4%1,289,444554,657734,78743,746
36Haverstick Office Park 1.881.4669.1%61.4%12.3%9.5%1,316,106645,237670,86917,443
37118 Flats Oval 1.261.2467.3%60.0%8.5%8.3%581,910119,802462,1088,000
38Cypress Gardens MHC 1.531.4963.1%53.1%10.7%10.4%960,175427,007533,16813,450
39Victoria Place - CA 1.651.5167.6%58.2%10.4%9.5%777,511280,293497,2189,371
40Your Place Storage 1.341.3170.7%61.6%8.9%8.7%744,797321,463423,3348,035
41Indiana MHC Portfolio 1.281.2573.6%62.4%9.2%8.9%661,141231,611429,53012,481
41.01Berkshire Pointe       397,660155,566242,0946,731
41.02Amberly Pointe       263,48176,045187,4365,750
42West Wind Shopping Center 2.702.4655.9%55.9%13.0%11.9%820,524263,533556,9918,217
43Lithia Square 1.371.3153.4%44.6%9.4%8.9%571,326197,861373,4654,193
44Rockville Tudor Apt. Corp.500,0004.074.0028.8%22.8%23.2%22.7%1,527,137647,232879,90515,800
4560-104 Owners Corp.500,0006.256.1216.3%14.5%32.9%32.2%2,101,7001,001,6441,100,05622,500
4655 Lenox Tenants Corporation 6.196.0818.3%14.4%34.0%33.4%1,644,431527,1971,117,23419,000
47American Storage of Rockwall 1.351.3371.6%62.6%9.1%9.0%456,585171,891284,6944,825
48Sunset Green Housing Corporation500,0004.033.9427.7%22.3%23.9%23.4%1,353,360639,205714,15515,000
49Westbrook Tenants Corporation250,0006.906.7514.7%11.8%40.0%39.1%1,987,031791,0631,195,96825,700
50The Offices at Johns Creek 1.531.3169.7%58.2%10.3%8.9%397,23898,157299,0826,357
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.250,0005.205.0917.4%13.7%28.6%28.0%1,335,795523,646812,14917,000
52345 Bronx River Road Owners, Inc.500,0004.594.4119.8%15.9%27.2%26.1%1,448,412768,455679,95726,400
53Leopard Mobile Home Park 1.431.3762.4%53.5%9.8%9.4%701,386462,499238,8889,200
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.500,0007.447.1912.1%10.7%38.5%37.2%2,081,3171,273,522807,79527,000
55Shore Road Apartment Corporation500,0004.664.5123.8%19.0%26.8%25.9%1,039,957479,234560,72318,000
56Southridge Cooperative, Section 1, Inc. 20.0019.632.4%0.0%246.1%241.6%8,403,5503,480,6684,922,88290,250
57323-325-327 West 11th Street Owners Corp.500,0008.698.514.9%3.9%51.3%50.3%1,417,940598,144819,79616,800
58156-168 East 3rd Street Owners, Inc. 19.0018.663.4%2.7%109.4%107.5%2,632,788885,2531,747,53530,500
59Highland MHP 1.341.3071.1%59.7%9.2%8.9%312,872182,047130,8253,700
60Airport Landing Apartments 1.651.4514.5%1.6%42.4%37.3%1,677,2331,079,228598,00672,000
61140 Sullivan Cooperative Corp.500,00022.8922.853.4%3.4%105.1%105.0%1,290,385239,0371,051,3481,800

 

A-1-6 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
               
Mortgage Loan NumberProperty NameU/W
TI/LC ($)
U/W
Net Cash Flow ($)
Occupancy RateOccupancy as-of DateU/W Hotel ADRU/W Hotel RevPARMost Recent PeriodMost Recent Revenues ($)Most Recent Expenses ($)Most
Recent
NOI ($)
Most Recent Capital ExpendituresMost Recent NCF ($)Most Recent Hotel ADR
1Hyatt Place Portfolio06,620,96873.6%11/30/201611079TTM 11/30/201623,570,51915,587,3047,983,215942,0027,041,213110
1.01Hyatt Place Greenville01,393,14876.1%11/30/201611283TTM 11/30/20164,151,3102,518,8971,632,413165,2331,467,180112
1.02Hyatt Place Charlotte01,343,65778.3%11/30/201611386TTM 11/30/20164,320,7582,722,5261,598,232172,8301,425,402113
1.03Hyatt Place Dallas01,150,95378.1%11/30/201610882TTM 11/30/20164,127,2872,745,1821,382,105165,0911,217,013108
1.04Hyatt Place Alpharetta01,192,26171.8%11/30/201612586TTM 11/30/20164,238,8662,748,9291,489,937169,5551,320,382125
1.05Hyatt Place Topeka0843,30870.1%11/30/201610673TTM 11/30/20163,611,2952,558,2711,053,023144,452908,572106
1.06Hyatt Place Roanoke0697,64067.0%11/30/20169765TTM 11/30/20163,121,0032,293,499827,505124,840702,66597
2McLean Data Center Portfolio238,2005,482,965100.0%11/14/2016  Annualized 9 9/30/20166,842,041990,9155,851,12705,851,127 
3International Paper Global HQ487,7343,643,261100.0%3/1/2017  NAVNAVNAVNAVNAVNAV 
4Preferred Freezer Vernon99,5183,178,084100.0%3/1/2017  Actual 20163,240,00044,7973,195,20303,195,203 
5Promenade at Tutwiler Farm167,3642,445,25496.8%11/1/2016  TTM 10/31/20163,663,975819,8752,844,10002,844,100 
6Jamboree Business Center156,3052,482,25389.8%11/8/2016  TTM 10/31/20161,503,8021,347,529156,2740156,274 
7Cleveland Technology Center270,1854,043,02975.4%12/30/2016  TTM 11/30/20166,793,5033,161,1853,632,31803,632,318 
8Five Star Self-Storage Portfolio02,351,25990.6%12/31/2016  Actual 20163,516,9251,123,9992,392,92702,392,927 
8.01Lohr Circle0488,63591.5%12/31/2016  Actual 2016667,654189,838477,8160477,816 
8.02Ferndale0502,22693.1%12/31/2016  Actual 2016768,472266,319502,1540502,154 
8.03Airey Court0397,07787.9%12/31/2016  Actual 2016541,995173,721368,2730368,273 
8.04Highland0397,03594.9%12/31/2016  Actual 2016532,992138,393394,5990394,599 
8.05Chesterland0249,10983.1%12/31/2016  Actual 2016443,086141,301301,7850301,785 
8.06Englewood0160,59588.6%12/31/2016  Actual 2016304,868114,331190,5370190,537 
8.07Lansing0156,58395.2%12/31/2016  Actual 2016257,858100,095157,7630157,763 
9Carrollton Avenue Shopping Center40,7081,952,304100.0%1/1/2017  TTM 9/30/20162,436,133464,8741,971,25901,971,259 
10The Strand on Ocean Drive12,6621,511,302100.0%12/15/2016  TTM 11/30/20161,148,119393,268754,8520754,852 
11Palms of Carrollwood150,0001,841,94287.9%1/13/2017  Actual 20162,781,099895,3211,885,77801,885,778 
12Whitehall Corporate Center VI134,1861,198,73590.7%11/30/2016  Annualized 9 9/30/20161,399,725742,001657,7240657,724 
13Britt Lakes01,098,81498.1%1/25/2017  TTM 1/31/20171,794,761649,0671,145,69401,145,694 
14Peachtree Mall670,2539,348,94190.7%11/30/2016  TTM 11/30/201613,769,1033,937,5439,831,56009,831,560 
15Summercrest Apartments01,204,42095.2%12/8/2016  TTM 11/30/20162,779,0221,163,0321,615,99001,615,990 
169 Barrow Owners Corp.02,999,90095.0%12/21/2016         
17Holiday Inn Beaumont01,170,79560.1%12/31/20168954Actual 20166,955,7545,544,9721,410,78201,410,78289
18Crossroads Shopping Center45,720920,76496.7%11/1/2016  TTM 10/31/20161,412,637482,127930,5100930,510 
19DoubleTree by Hilton Tempe02,411,29266.8%9/30/201611980TTM 9/30/201611,642,4938,661,1722,981,32102,981,321119
20Beech Meadow Apartments0849,29391.2%1/17/2017  Actual 20161,966,9931,003,775963,2180963,218 
21Brownstone Terrace0844,45891.7%1/31/2017  Actual 20161,369,744495,996873,7490873,749 
22Holiday Inn Express & Suites Riverhead01,023,14277.7%12/31/2016148116Actual 20163,859,6862,671,3731,188,313154,4261,033,887148
23StaxUp Storage Homeland0795,80294.3%11/30/2016  Annualized 11 11/30/20161,149,188272,357876,8300876,830 
24Biltmore Apartments0757,72793.0%11/30/2016  Actual 20161,594,334709,420884,9150884,915 
25Raghu Apartments0913,62692.7%11/1/2016  TTM 11/30/20161,912,477770,0421,142,43501,142,435 
26Tri Retail Portfolio12,914730,733100.0%Various  Annualized 9 9/30/2016397,70393,137304,5670304,567 
26.01Target Shadow Anchored Outlot4,582274,481100.0%12/13/2016  Annualized 9 9/30/2016187,25913,232174,0280174,028 
26.02Sherwin Williams Anchored5,129248,649100.0%12/12/2016  NAVNAVNAVNAVNAVNAV 
26.03Promenade at Castle Rock3,203207,603100.0%12/12/2016  Annualized 9 9/30/2016210,44479,905130,5390130,539 
27Security Public Storage - Brea0776,03095.4%12/8/2016  TTM 11/30/20161,179,753382,234797,5190797,519 
28The Rochester Apartments0699,18297.0%11/30/2016  Actual 20161,459,530736,882722,6480722,648 
29Grinnell Water Works51,949707,60299.2%12/16/2016  TTM 10/31/20161,120,816416,982703,8340703,834 
30Tharp Portfolio III15,175608,798100.0%Various  TTM 10/31/2016729,852123,833606,0190606,019 
30.01CVS Triangle Center0266,249100.0%3/1/2017  TTM 10/31/2016326,68852,174274,5140274,514 
30.02Southeastern & English11,848215,181100.0%1/1/2017  TTM 10/31/2016261,16867,400193,7680193,768 
30.03Fifth Third - Land Lease3,32785,040100.0%3/1/2017  TTM 10/31/201696,0002,88093,120093,120 
30.04Dunkin Donuts - Land Lease042,328100.0%3/1/2017  TTM 10/31/201645,9961,38044,616044,616 
31Country Inn & Suites - Dearborn0789,29472.3%11/30/20169465TTM 11/30/20162,550,8001,582,090968,711102,032866,67994
32Oceanview Towers Inc.02,198,69595.0%11/9/2016         
33Holiday Inn Express & Suites Sedalia0789,92372.0%11/30/201610975TTM 11/30/20162,193,5761,253,830939,74587,742852,003109
34Tulsa Shops45,000543,716100.0%12/20/2016  Actual 2016771,659166,828604,83233,705571,127 
35Little York Plaza Shopping Center56,443634,59896.0%11/30/2016  TTM 10/31/20161,405,244545,180860,0640860,064 
36Haverstick Office Park132,303521,12390.1%10/30/2016  TTM 11/30/20161,267,312646,492620,8200620,820 
37118 Flats Oval0454,10890.6%1/1/2017  NAVNAVNAVNAVNAVNAV 
38Cypress Gardens MHC0519,71892.2%1/31/2017  TTM 1/31/2017960,175359,531600,6440600,644 
39Victoria Place - CA31,651456,19686.7%11/1/2016  Annualized 10 10/31/2016696,359264,565431,7940431,794 
40Your Place Storage0415,29990.1%10/31/2016  TTM 10/31/2016744,797309,767435,0300435,030 
41Indiana MHC Portfolio0417,04983.1%12/8/2016  TTM 10/31/2016609,307217,183392,1240392,124 
41.01Berkshire Pointe0235,36387.0%12/8/2016  TTM 10/31/2016384,940150,948233,9920233,992 
41.02Amberly Pointe0181,68679.1%12/8/2016  TTM 10/31/2016224,36766,235158,1320158,132 
42West Wind Shopping Center42,000506,77395.2%11/30/2016  Actual 2016795,385233,111562,2740562,274 
43Lithia Square14,125355,14783.1%10/1/2016  TTM 11/30/2016572,267201,038371,2290371,229 
44Rockville Tudor Apt. Corp.0864,10596.0%12/5/2016         
4560-104 Owners Corp.01,077,55697.0%11/3/2016         
4655 Lenox Tenants Corporation01,098,23495.0%11/2/2016         
47American Storage of Rockwall0279,86992.2%11/2/2016  Annualized 10 10/31/2016459,527144,671314,8560314,856 
48Sunset Green Housing Corporation0699,15596.0%7/12/2016         
49Westbrook Tenants Corporation01,170,26895.0%10/18/2016         
50The Offices at Johns Creek34,988257,73683.5%1/5/2017  TTM 11/30/2016346,27293,430252,8420252,842 
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.0795,14995.0%10/13/2016         
52345 Bronx River Road Owners, Inc.0653,55796.0%1/10/2017         
53Leopard Mobile Home Park0229,68897.3%11/29/2016  TTM 11/30/2016701,912435,130266,7820266,782 
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.0780,79596.0%12/8/2016         
55Shore Road Apartment Corporation0542,72395.0%11/1/2016         
56Southridge Cooperative, Section 1, Inc.04,832,63295.0%1/24/2017         
57323-325-327 West 11th Street Owners Corp.0802,99697.0%12/29/2016         
58156-168 East 3rd Street Owners, Inc.01,717,03596.0%1/5/2017         
59Highland MHP0127,12595.9%11/1/2016  Annualized 10 10/31/2016308,114165,420142,6940142,694 
60Airport Landing Apartments0526,00695.4%11/30/2016  Annualized 11 11/30/20161,685,5401,063,268622,2730622,273 
61140 Sullivan Cooperative Corp.01,049,54895.0%2/16/2016         

 

A-1-7 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
             
Mortgage Loan NumberProperty NameMost Recent Hotel RevPARSecond Most Recent PeriodSecond Most Recent Revenues ($)Second Most Recent Expenses ($)Second Most Recent NOI ($)Second Most Recent Capital ExpendituresSecond Most Recent NCF ($)Second Most Recent Hotel ADRSecond Most Recent Hotel RevPARThird Most Recent PeriodThird Most Recent Revenues ($)
1Hyatt Place Portfolio81Actual 201521,023,87214,720,8776,302,995840,9375,462,05810672Actual 201420,908,500
1.01Hyatt Place Greenville86Actual 20153,558,8632,269,6371,289,226142,3541,146,87210873Actual 20143,622,615
1.02Hyatt Place Charlotte89Actual 20154,063,0632,661,3431,401,720162,5231,239,19710983Actual 20143,828,430
1.03Hyatt Place Dallas84Actual 20153,502,3762,522,092980,284140,095840,1899971Actual 20143,535,084
1.04Hyatt Place Alpharetta90Actual 20153,656,0452,585,3861,070,659146,224924,43511578Actual 20143,380,611
1.05Hyatt Place Topeka75Actual 20153,057,2572,365,847691,410122,290569,12010363Actual 20143,231,004
1.06Hyatt Place Roanoke65Actual 20153,186,2682,316,572869,696127,451742,24510066Actual 20143,310,756
2McLean Data Center Portfolio Actual 20156,693,779993,1865,700,59305,700,593  Actual 20146,751,259
3International Paper Global HQ NAVNAVNAVNAVNAVNAV  NAVNAV
4Preferred Freezer Vernon Actual 20153,240,00043,7393,196,26103,196,261  Actual 20143,240,000
5Promenade at Tutwiler Farm Actual 20153,796,204786,5103,009,69403,009,694  Actual 20143,158,042
6Jamboree Business Center Actual 20151,266,0551,219,83446,221046,221  Actual 20142,064,679
7Cleveland Technology Center Actual 20155,365,2402,815,8802,549,36002,549,360  Actual 20144,421,505
8Five Star Self-Storage Portfolio Actual 20152,889,4771,014,9261,874,55101,874,551  Actual 20142,101,118
8.01Lohr Circle Actual 2015568,915170,453398,4620398,462  Actual 2014569,947
8.02Ferndale Actual 2015721,609247,437474,1720474,172  Actual 2014235,494
8.03Airey Court Actual 2015483,079166,889316,1900316,190  Actual 2014428,648
8.04Highland Actual 2015428,755138,275290,4800290,480  Actual 2014324,183
8.05Chesterland Actual 2015341,315120,647220,6680220,668  Actual 2014184,360
8.06Englewood Actual 2015277,222128,936148,2870148,287  Actual 2014130,879
8.07Lansing Actual 201568,58142,28926,292026,292  Actual 2014227,607
9Carrollton Avenue Shopping Center Actual 20152,406,941476,5841,930,35701,930,357  Actual 20142,497,327
10The Strand on Ocean Drive Actual 20151,138,979346,332792,6470792,647  Actual 20141,108,894
11Palms of Carrollwood Actual 20152,700,468887,4891,812,97901,812,979  Actual 20142,524,676
12Whitehall Corporate Center VI Actual 20151,158,002737,540420,4620420,462  Actual 20141,076,923
13Britt Lakes Actual 20151,674,190671,5821,002,60701,002,607  Actual 20141,712,062
14Peachtree Mall Actual 201513,161,3833,853,4779,307,90609,307,906  Actual 201413,807,120
15Summercrest Apartments Actual 20152,545,8171,340,5431,205,27401,205,274  Actual 20142,295,805
169 Barrow Owners Corp.           
17Holiday Inn Beaumont53Actual 20157,047,0386,159,796887,2420887,2428354TTM 10/31/20147,077,147
18Crossroads Shopping Center Actual 20151,517,573444,2551,073,31801,073,318  Actual 20141,404,484
19DoubleTree by Hilton Tempe80Actual 201511,134,2648,465,3072,668,95802,668,95812077Actual 201410,087,165
20Beech Meadow Apartments Actual 20151,863,2211,005,090858,1310858,131  Actual 20141,861,865
21Brownstone Terrace Actual 20151,325,419504,401821,0180821,018  Actual 20141,412,981
22Holiday Inn Express & Suites Riverhead115Actual 20153,716,0252,540,4701,175,555148,6801,026,875151112Actual 20143,552,563
23StaxUp Storage Homeland Actual 2015954,987272,631682,3550682,355  Actual 2014859,009
24Biltmore Apartments Actual 20151,432,993677,844755,1500755,150  NAVNAV
25Raghu Apartments Actual 20151,695,774923,864771,9100771,910  Actual 20141,526,456
26Tri Retail Portfolio Actual 201518,9371,68217,255017,255  NAVNAV
26.01Target Shadow Anchored Outlot NAVNAVNAVNAVNAVNAV  NAVNAV
26.02Sherwin Williams Anchored NAVNAVNAVNAVNAVNAV  NAVNAV
26.03Promenade at Castle Rock Actual 201518,9371,68217,255017,255  NAVNAV
27Security Public Storage - Brea Actual 20151,110,321375,046735,2750735,275  Actual 2014985,165
28The Rochester Apartments Actual 20151,344,362706,214638,1490638,149  NAVNAV
29Grinnell Water Works Actual 20151,130,507434,478696,0290696,029  Actual 20141,018,395
30Tharp Portfolio III Actual 2015742,973126,646616,3270616,327  Actual 2014923,612
30.01CVS Triangle Center Actual 2015326,80652,499274,3070274,307  Actual 2014326,313
30.02Southeastern & English Actual 2015274,66769,902204,7650204,765  Actual 2014461,299
30.03Fifth Third - Land Lease Actual 201595,5002,86592,635092,635  Actual 201490,000
30.04Dunkin Donuts - Land Lease Actual 201546,0001,38044,620044,620  Actual 201446,000
31Country Inn & Suites - Dearborn68Actual 20152,381,9131,436,681945,23195,277849,9559163Actual 20141,838,345
32Oceanview Towers Inc.           
33Holiday Inn Express & Suites Sedalia78Actual 20152,067,0541,235,969831,08582,694748,39110574Actual 20141,967,688
34Tulsa Shops Actual 2015394,388130,281264,1080264,108  Actual 2014261,241
35Little York Plaza Shopping Center Actual 20151,264,211458,199806,0120806,012  Actual 20141,163,164
36Haverstick Office Park Actual 20151,130,964622,570508,3940508,394  Actual 20141,115,278
37118 Flats Oval NAVNAVNAVNAVNAVNAV  NAVNAV
38Cypress Gardens MHC Actual 2015878,359381,593496,7660496,766  Actual 2014916,447
39Victoria Place - CA Actual 2015851,733302,213549,5210549,521  Actual 2014833,970
40Your Place Storage Actual 2015725,493300,712424,7800424,780  Actual 2014655,285
41Indiana MHC Portfolio Actual 2015598,926250,913348,0140348,014  Actual 2014572,328
41.01Berkshire Pointe Actual 2015375,053178,087196,9670196,967  Actual 2014339,248
41.02Amberly Pointe Actual 2015223,87372,826151,0470151,047  Actual 2014233,080
42West Wind Shopping Center Actual 2015776,398236,742539,6560539,656  Actual 2014710,941
43Lithia Square Actual 2015553,489194,260359,2290359,229  Actual 2014653,806
44Rockville Tudor Apt. Corp.           
4560-104 Owners Corp.           
4655 Lenox Tenants Corporation           
47American Storage of Rockwall Actual 2015375,359125,962249,3980249,398  Actual 2014287,635
48Sunset Green Housing Corporation           
49Westbrook Tenants Corporation           
50The Offices at Johns Creek Actual 2015399,53992,306307,2320307,232  Actual 2014456,741
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.           
52345 Bronx River Road Owners, Inc.           
53Leopard Mobile Home Park Actual 2015642,792375,878266,9140266,914  Actual 2014545,915
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.           
55Shore Road Apartment Corporation           
56Southridge Cooperative, Section 1, Inc.           
57323-325-327 West 11th Street Owners Corp.           
58156-168 East 3rd Street Owners, Inc.           
59Highland MHP Actual 2015283,464157,269126,1940126,194  Actual 2014272,170
60Airport Landing Apartments Actual 20151,586,7541,073,789512,9650512,965  Actual 20141,523,944
61140 Sullivan Cooperative Corp.           

 

A-1-8 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
             
Mortgage Loan NumberProperty NameThird Most Recent Expenses ($)Third Most Recent NOI ($)Third Most Recent Capital ExpendituresThird Most Recent NCF ($)Third Most Recent Hotel ADRThird Most Recent Hotel RevPARMaster Lease (Y/N)Largest Tenant Name(2)(9)(10)(11)Largest Tenant Sq. Ft.Largest
Tenant
% of NRA
Largest Tenant Exp. Date
1Hyatt Place Portfolio14,777,6326,130,868836,3395,294,5299772N    
1.01Hyatt Place Greenville2,350,6371,271,978144,9051,127,0739274N    
1.02Hyatt Place Charlotte2,594,7831,233,647153,1371,080,51010179N    
1.03Hyatt Place Dallas2,502,8421,032,242141,403890,8399571N    
1.04Hyatt Place Alpharetta2,529,700850,911135,224715,68710372N    
1.05Hyatt Place Topeka2,414,084816,920129,240687,6809566N    
1.06Hyatt Place Roanoke2,385,586925,170132,430792,7409768N    
2McLean Data Center Portfolio1,267,0365,484,22305,484,223  NLevel 3 Communications65,79451.5%4/30/2033
3International Paper Global HQNAVNAVNAVNAV  NInternational Paper Company214,060100.0%4/30/2027
4Preferred Freezer Vernon39,9573,200,04303,200,043  NPreferred Freezer184,273100.0%2/28/2042
5Promenade at Tutwiler Farm1,034,4202,123,62102,123,621  YAcademy Sports52,50023.5%2/28/2021
6Jamboree Business Center1,329,953734,7250734,725  NMedata, Inc.38,07924.4%8/31/2025
7Cleveland Technology Center2,142,4122,279,09402,279,094  NQwest/Century Link68,04525.2%2/28/2021
8Five Star Self-Storage Portfolio907,1281,193,99001,193,990  N    
8.01Lohr Circle180,990388,9570388,957  N    
8.02Ferndale130,497104,9980104,998  N    
8.03Airey Court161,219267,4290267,429  N    
8.04Highland133,093191,0900191,090  N    
8.05Chesterland139,78944,571044,571  N    
8.06Englewood51,04679,833079,833  N    
8.07Lansing110,496117,1120117,112  N    
9Carrollton Avenue Shopping Center489,6722,007,65502,007,655  NCostco150,00072.8%5/31/2033
10The Strand on Ocean Drive337,443771,4500771,450  YOcean Drive Food Court LLC5,63444.5%8/31/2027
11Palms of Carrollwood842,5361,682,14001,682,140  NBed Bath & Beyond35,93121.4%1/31/2021
12Whitehall Corporate Center VI726,713350,2100350,210  NAdvantage Sales & Marketing25,00321.4%5/31/2021
13Britt Lakes674,1901,037,87201,037,872  N    
14Peachtree Mall4,019,9909,787,12909,787,129  NMacy’s139,21926.0%9/1/2022
15Summercrest Apartments1,309,131986,6740986,674  N    
169 Barrow Owners Corp.           
17Holiday Inn Beaumont6,008,5851,068,56201,068,5628057Y    
18Crossroads Shopping Center456,736947,7480947,748  NPartners, LLC dba Peacock India Restaurant4,40012.0%4/14/2018
19DoubleTree by Hilton Tempe7,823,7392,263,42602,263,42610868N    
20Beech Meadow Apartments1,109,435752,4300752,430  N    
21Brownstone Terrace439,603973,3780973,378  N    
22Holiday Inn Express & Suites Riverhead2,504,4591,048,104142,144905,960145107N    
23StaxUp Storage Homeland260,605598,4030598,403  N    
24Biltmore ApartmentsNAVNAVNAVNAV  N    
25Raghu Apartments823,236703,2200703,220  N    
26Tri Retail PortfolioNAVNAVNAVNAV  NVariousVariousVariousVarious
26.01Target Shadow Anchored OutlotNAVNAVNAVNAV  NATI Physical Therapy3,50041.2%10/31/2026
26.02Sherwin Williams AnchoredNAVNAVNAVNAV  NSherwin Williams2,96831.2%3/31/2025
26.03Promenade at Castle RockNAVNAVNAVNAV  NT-Mobile2,92250.2%4/30/2026
27Security Public Storage - Brea322,897662,2680662,268  N    
28The Rochester ApartmentsNAVNAVNAVNAV  N    
29Grinnell Water Works415,591602,8040602,804  YGMR Marketing LLC13,68126.1%5/30/2021
30Tharp Portfolio III136,685786,9270786,927  NVariousVariousVariousVarious
30.01CVS Triangle Center51,070275,2430275,243  NCVS12,900100.0%9/30/2031
30.02Southeastern & English81,535379,7640379,764  NCash America, Inc8,77651.8%12/31/2019
30.03Fifth Third - Land Lease2,70087,300087,300  NFifth Third Bank0 1/31/2025
30.04Dunkin Donuts - Land Lease1,38044,620044,620  NDunkin’ Donuts0 10/31/2027
31Country Inn & Suites - Dearborn1,267,454570,89173,534497,3578648N    
32Oceanview Towers Inc.           
33Holiday Inn Express & Suites Sedalia1,069,850897,83879,291818,54710270N    
34Tulsa Shops171,12890,113090,113  NConns39,65743.1%1/30/2026
35Little York Plaza Shopping Center447,904715,2600715,260  NSellers Bros39,10834.3%5/31/2019
36Haverstick Office Park598,513516,7650516,765  NChild Advocates, Inc.15,32919.0%3/31/2025
37118 Flats OvalNAVNAVNAVNAV  N    
38Cypress Gardens MHC383,167533,2810533,281  N    
39Victoria Place - CA297,650536,3200536,320  NSocial Security Admin10,00823.5%3/31/2025
40Your Place Storage272,678382,6070382,607  N    
41Indiana MHC Portfolio236,035336,2930336,293  Y    
41.01Berkshire Pointe151,779187,4690187,469  Y    
41.02Amberly Pointe84,256148,8240148,824  Y    
42West Wind Shopping Center237,796473,1450473,145  NDollar Tree12,00929.2%1/31/2026
43Lithia Square202,301451,5050451,505  NWalmart Stores East LP36,75053.3%12/31/2030
44Rockville Tudor Apt. Corp.           
4560-104 Owners Corp.           
4655 Lenox Tenants Corporation           
47American Storage of Rockwall101,806185,8300185,830  N    
48Sunset Green Housing Corporation           
49Westbrook Tenants Corporation           
50The Offices at Johns Creek90,745365,9950365,995  NFusion Sleep, LLC5,85926.7%4/30/2022
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.           
52345 Bronx River Road Owners, Inc.           
53Leopard Mobile Home Park356,542189,3730189,373  N    
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.           
55Shore Road Apartment Corporation           
56Southridge Cooperative, Section 1, Inc.           
57323-325-327 West 11th Street Owners Corp.           
58156-168 East 3rd Street Owners, Inc.           
59Highland MHP149,712122,4580122,458  N    
60Airport Landing Apartments946,772577,1720577,172  N    
61140 Sullivan Cooperative Corp.           

 

A-1-9 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
          
Mortgage Loan NumberProperty Name2nd Largest Tenant Name(2)(10)(11)2nd Largest Tenant Sq. Ft.2nd Largest
Tenant
% of NRA
2nd Largest Tenant Exp. Date3rd Largest Tenant Name(10)3rd Largest Tenant Sq. Ft.3rd Largest
Tenant
% of NRA
3rd Largest Tenant Exp. Date
1Hyatt Place Portfolio        
1.01Hyatt Place Greenville        
1.02Hyatt Place Charlotte        
1.03Hyatt Place Dallas        
1.04Hyatt Place Alpharetta        
1.05Hyatt Place Topeka        
1.06Hyatt Place Roanoke        
2McLean Data Center PortfolioPAETEC Communications62,00248.5%3/31/2024    
3International Paper Global HQ        
4Preferred Freezer Vernon        
5Promenade at Tutwiler FarmBed Bath & Beyond30,52513.7%1/31/2021TJ Maxx30,00013.4%10/31/2020
6Jamboree Business CenterBlack & Veatch Corporation26,58217.0%12/31/2022TRI Pointe Homes, Inc.20,13212.9%2/28/2022
7Cleveland Technology CenterDFAS61,11422.6%2/28/2020Windstream20,0007.4%3/31/2022
8Five Star Self-Storage Portfolio        
8.01Lohr Circle        
8.02Ferndale        
8.03Airey Court        
8.04Highland        
8.05Chesterland        
8.06Englewood        
8.07Lansing        
9Carrollton Avenue Shopping CenterCVS13,2256.4%1/31/2036Family Dollar Store11,8805.8%10/15/2019
10The Strand on Ocean DriveAmarillo f/k/a Papagayo5,10940.4%5/16/2025La Baguette1,71413.5%9/30/2022
11Palms of CarrollwoodSam Ash Music24,00014.3%9/30/2018The Fresh Market21,00012.5%5/31/2021
12Whitehall Corporate Center VIDirect ChassisLink23,65420.2%5/31/2022Home Point Financial23,51720.1%12/31/2021
13Britt Lakes        
14Peachtree MallJC Penney82,32015.4%11/30/2019Peachtree 825,4394.7%12/31/2018
15Summercrest Apartments        
169 Barrow Owners Corp.        
17Holiday Inn Beaumont        
18Crossroads Shopping CenterNachiket J. Dave, DDS, Inc. dba Bright Now! Dental3,2508.9%2/28/2022New Dream Pizza, Inc. dba Mountain Mike’s Pizza2,2756.2%12/31/2025
19DoubleTree by Hilton Tempe        
20Beech Meadow Apartments        
21Brownstone Terrace        
22Holiday Inn Express & Suites Riverhead        
23StaxUp Storage Homeland        
24Biltmore Apartments        
25Raghu Apartments        
26Tri Retail PortfolioVariousVariousVariousVariousVariousVariousVariousVarious
26.01Target Shadow Anchored OutlotNoodles & Co.2,58630.5%10/31/2026Potbelly Sandwich Works2,40028.3%7/31/2026
26.02Sherwin Williams AnchoredRiver Valley Financial2,60327.4%1/31/2029Heine Brother’s Coffee2,00421.1%9/15/2025
26.03Promenade at Castle RockCafé Rio2,90149.8%11/30/2025    
27Security Public Storage - Brea        
28The Rochester Apartments        
29Grinnell Water WorksMountain Khakis Mountain Khakis7,90015.1%4/30/2018BB&M Architecture PLLC7,67914.7%5/31/2021
30Tharp Portfolio IIIVariousVariousVariousVariousVariousVariousVariousVarious
30.01CVS Triangle Center        
30.02Southeastern & EnglishDos Amigos Tienda Mexicana3,45020.4%10/31/2026Herdrich Petroleum Corp.2,00011.8%5/31/2019
30.03Fifth Third - Land Lease        
30.04Dunkin Donuts - Land Lease        
31Country Inn & Suites - Dearborn        
32Oceanview Towers Inc.        
33Holiday Inn Express & Suites Sedalia        
34Tulsa ShopsPlanet Fitness27,44029.9%5/31/2024Dollar Tree24,81027.0%3/31/2025
35Little York Plaza Shopping CenterFallas Paredes19,50017.1%10/31/2017Health and Human Services Comm17,12815.0%11/30/2022
36Haverstick Office ParkBroyles Kight & Ricafort PC8,21510.2%10/31/2021Driving Ambition, Inc.7,3409.1%7/31/2021
37118 Flats Oval        
38Cypress Gardens MHC        
39Victoria Place - CABig 5 Sporting Goods10,00023.5%1/31/2020Carls Jr2,6056.1%6/30/2029
40Your Place Storage        
41Indiana MHC Portfolio        
41.01Berkshire Pointe        
41.02Amberly Pointe        
42West Wind Shopping CenterCato Fashions4,18510.2%1/31/2022O’Hana Japanese Restaurant3,8549.4%12/31/2021
43Lithia SquareTuesday Morning10,00014.5%7/31/2019Jo-To Japanese Steakhouse (Chef Ngo, Inc.)4,0205.8%12/31/2020
44Rockville Tudor Apt. Corp.        
4560-104 Owners Corp.        
4655 Lenox Tenants Corporation        
47American Storage of Rockwall        
48Sunset Green Housing Corporation        
49Westbrook Tenants Corporation        
50The Offices at Johns CreekSkylark ADH-Johns Creek LLC5,23723.9%7/31/2021Vein Innovative Therapies LLC4,00118.2%7/31/2018
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.        
52345 Bronx River Road Owners, Inc.        
53Leopard Mobile Home Park        
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.        
55Shore Road Apartment Corporation        
56Southridge Cooperative, Section 1, Inc.        
57323-325-327 West 11th Street Owners Corp.        
58156-168 East 3rd Street Owners, Inc.        
59Highland MHP        
60Airport Landing Apartments        
61140 Sullivan Cooperative Corp.        

 

A-1-10 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
          
Mortgage Loan NumberProperty Name4th Largest Tenant Name(2)(10)(11)4th Largest Tenant Sq. Ft.4th Largest
Tenant
% of NRA
4th Largest Tenant Exp. Date5th Largest Tenant Name(2)5th Largest Tenant Sq. Ft.5th Largest
Tenant
% of NRA
5th Largest Tenant Exp. Date
1Hyatt Place Portfolio        
1.01Hyatt Place Greenville        
1.02Hyatt Place Charlotte        
1.03Hyatt Place Dallas        
1.04Hyatt Place Alpharetta        
1.05Hyatt Place Topeka        
1.06Hyatt Place Roanoke        
2McLean Data Center Portfolio        
3International Paper Global HQ        
4Preferred Freezer Vernon        
5Promenade at Tutwiler FarmMichaels23,91610.7%2/29/2020Royal Furniture Company22,25010.0%5/31/2019
6Jamboree Business CenterBankruptcy Management Solutions, Inc.18,27011.7%6/30/2025Starwood Hotels & Resorts Worldwide, Inc.11,2597.2%11/30/2025
7Cleveland Technology CenterXO Communications16,8006.2%5/31/2020Sherwin Williams14,3995.3%6/1/2025
8Five Star Self-Storage Portfolio        
8.01Lohr Circle        
8.02Ferndale        
8.03Airey Court        
8.04Highland        
8.05Chesterland        
8.06Englewood        
8.07Lansing        
9Carrollton Avenue Shopping CenterBridgestone/Firestone Inc7,6833.7%10/31/2019Just Kids Dental6,0002.9%7/31/2018
10The Strand on Ocean DriveOcean 11 Ice Cream LLC2041.6%8/31/2026    
11Palms of CarrollwoodPetCo13,3938.0%9/19/2017Hibachi Buffet8,5875.1%3/31/2022
12Whitehall Corporate Center VIOxner & Permar, PLLC7,9196.8%12/31/2023Talbert, Bright & Ellington7,1246.1%5/31/2023
13Britt Lakes        
14Peachtree MallH&M21,2104.0%1/31/2026Encore13,1592.5%7/31/2025
15Summercrest Apartments        
169 Barrow Owners Corp.        
17Holiday Inn Beaumont        
18Crossroads Shopping CenterAlejandro Palomarez and Ana M. Palomarez dba Classic Diner2,1195.8%1/31/2022Jenny Craig Operations, Inc. dba Jenny Craig Weight Loss2,0165.5%6/30/2019
19DoubleTree by Hilton Tempe        
20Beech Meadow Apartments        
21Brownstone Terrace        
22Holiday Inn Express & Suites Riverhead        
23StaxUp Storage Homeland        
24Biltmore Apartments        
25Raghu Apartments        
26Tri Retail PortfolioVariousVariousVariousVarious    
26.01Target Shadow Anchored Outlot        
26.02Sherwin Williams AnchoredCellular Advantage1,92320.2%10/14/2023    
26.03Promenade at Castle Rock        
27Security Public Storage - Brea        
28The Rochester Apartments        
29Grinnell Water WorksStarr Design, PLLC3,7687.2%3/31/2019HMH Advertising & Public Relations4,6148.8%2/28/2017
30Tharp Portfolio IIIVariousVariousVariousVariousVariousVariousVariousVarious
30.01CVS Triangle Center        
30.02Southeastern & EnglishAce Cash Express1,6009.5%8/31/2021Blanca Rosales Velazquez1,1006.5%12/31/2019
30.03Fifth Third - Land Lease        
30.04Dunkin Donuts - Land Lease        
31Country Inn & Suites - Dearborn        
32Oceanview Towers Inc.        
33Holiday Inn Express & Suites Sedalia        
34Tulsa Shops        
35Little York Plaza Shopping CenterDollar Tree12,44710.9%7/31/2020Rent-A-Center4,5004.0%2/28/2018
36Haverstick Office ParkHighgarden Real Estate6,9968.7%1/31/2019Fairway Independent Mortgage6,4998.1%7/31/2022
37118 Flats Oval        
38Cypress Gardens MHC        
39Victoria Place - CANTR Life, LLC2,1004.9%6/14/2020Mohd. Awwad D.D.S1,6753.9%3/31/2019
40Your Place Storage        
41Indiana MHC Portfolio        
41.01Berkshire Pointe        
41.02Amberly Pointe        
42West Wind Shopping CenterBeef O’ Bradys3,1907.8%10/31/2020Ace Cash Express1,7064.2%6/30/2018
43Lithia SquareParty Planet2,4003.5%2/28/2019Cosmo Prof (Beauty Systems Group)1,7502.5%4/30/2018
44Rockville Tudor Apt. Corp.        
4560-104 Owners Corp.        
4655 Lenox Tenants Corporation        
47American Storage of Rockwall        
48Sunset Green Housing Corporation        
49Westbrook Tenants Corporation        
50The Offices at Johns CreekPeachtree Spine Physicians, LLC2,0539.4%12/31/2019Yellowstone Enterprises LLC1,1815.4%8/31/2020
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.        
52345 Bronx River Road Owners, Inc.        
53Leopard Mobile Home Park        
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.        
55Shore Road Apartment Corporation        
56Southridge Cooperative, Section 1, Inc.        
57323-325-327 West 11th Street Owners Corp.        
58156-168 East 3rd Street Owners, Inc.        
59Highland MHP        
60Airport Landing Apartments        
61140 Sullivan Cooperative Corp.        

 

A-1-11 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
             
Mortgage Loan NumberProperty NameEngineering Report DateEnvironmental Report Date (Phase I)Environmental Report Date (Phase II)Seismic Report DateSeismic PML %Seismic Insurance Required  (Y/N)Terrorism Insurance (Y/N)Loan PurposeEngineering Escrow / Deferred Maintenance ($)(10)Tax Escrow (Initial)Monthly Tax Escrow ($)
1Hyatt Place PortfolioVariousVarious   NYAcquisition39,553378,41575,683
1.01Hyatt Place Greenville12/13/201612/12/2016   NY    
1.02Hyatt Place Charlotte12/13/201612/12/2016   NY    
1.03Hyatt Place Dallas12/12/201612/9/2016   NY    
1.04Hyatt Place Alpharetta12/13/201612/13/2016   NY    
1.05Hyatt Place Topeka12/12/201612/13/2016   NY    
1.06Hyatt Place Roanoke12/12/201612/13/2016   NY    
2McLean Data Center Portfolio7/28/20167/27/2016; 7/29/20169/22/2016; NAP  NYAcquisition408,43170,96270,958
3International Paper Global HQ9/6/20168/31/2016 9/27/20169.0%NYAcquisition00Springing
4Preferred Freezer Vernon10/21/201610/20/2016 10/21/201611.0%NYRefinance00Springing
5Promenade at Tutwiler Farm11/22/201611/22/2016   NYRefinance00Springing
6Jamboree Business Center12/8/201612/8/2016 12/8/20167.0%NYAcquisition036,25636,256
7Cleveland Technology Center12/21/201612/21/2016   NYAcquisition82,0000Springing
8Five Star Self-Storage PortfolioVariousVarious   NYRefinance506,563182,74229,007
8.01Lohr Circle12/8/201612/9/2016   NY    
8.02Ferndale12/10/201612/12/2016   NY    
8.03Airey Court12/11/201612/6/2016   NY    
8.04Highland12/10/201612/12/2016   NY    
8.05Chesterland12/10/201612/12/2016   NY    
8.06Englewood12/7/201612/9/2016   NY    
8.07Lansing12/11/201612/12/2016   NY    
9Carrollton Avenue Shopping Center11/29/201612/1/2016   NYRefinance007,934; Springing
10The Strand on Ocean Drive11/2/201611/2/2016   NYRefinance058,21711,643
11Palms of Carrollwood1/12/20171/12/2017   NYAcquisition49,375173,32834,666
12Whitehall Corporate Center VI11/14/201611/11/2016   NYRefinance014,32914,330
13Britt Lakes9/28/20169/27/2016   NYRefinance13,570014,729
14Peachtree Mall10/15/201510/16/2015   NYRefinance00Springing
15Summercrest Apartments12/8/201612/9/2016   NYRefinance231,01135,75517,026
169 Barrow Owners Corp.12/29/201612/29/2016   NYRefinance00Springing
17Holiday Inn Beaumont12/29/201612/30/2016   NYRefinance26,75040,21213,404
18Crossroads Shopping Center8/1/201611/22/2016 8/1/201615.0%NYRefinance295,62534,03911,346
19DoubleTree by Hilton Tempe11/2/201610/31/2016   NYRefinance98,62581,44327,148
20Beech Meadow Apartments1/4/20171/5/2017   NYRefinance34,87565,35015,559
21Brownstone Terrace9/21/20169/26/2016   NYAcquisition1,75042,36310,591
22Holiday Inn Express & Suites Riverhead1/9/20171/6/2017   NYRefinance071,05016,917
23StaxUp Storage Homeland11/7/201611/7/2016 11/7/20169.0%NYRefinance037,3077,461
24Biltmore Apartments12/15/201612/14/2016   NYRefinance4,12517,59017,078
25Raghu Apartments12/7/201612/9/2016   NYRefinance34,26722,79310,854
26Tri Retail PortfolioVariousVarious   NYAcquisition036,95011,730
26.01Target Shadow Anchored Outlot12/12/201612/12/2016   NY    
26.02Sherwin Williams Anchored12/1/201612/1/2016   NY    
26.03Promenade at Castle Rock12/1/201612/1/2016   NY    
27Security Public Storage - Brea12/14/201612/14/2016 12/14/201613.0%NYRefinance00Springing
28The Rochester Apartments12/16/201612/14/2016   NYRefinance172,00315,83115,370
29Grinnell Water Works11/22/201612/20/2016   NYAcquisition05,0872,544
30Tharp Portfolio IIIVariousVarious   NYRefinance8,35630,4096,082
30.01CVS Triangle Center12/6/201612/7/2016   NY    
30.02Southeastern & English12/6/201612/8/2016   NY    
30.03Fifth Third - Land Lease 12/7/2016   NY    
30.04Dunkin Donuts - Land Lease 12/8/2016   NY    
31Country Inn & Suites - Dearborn10/13/201610/7/2016   NYRefinance062,02611,814
32Oceanview Towers Inc.11/17/201611/16/2016   NYRefinance00Springing
33Holiday Inn Express & Suites Sedalia12/5/201612/5/2016   NYRefinance017,0974,071
34Tulsa Shops12/30/201612/29/2016   NYAcquisition025,8435,169
35Little York Plaza Shopping Center1/16/20171/16/2017   NYAcquisition037,55418,777
36Haverstick Office Park12/1/201612/1/2016   NYAcquisition029,0469,682
37118 Flats Oval1/25/20171/24/2017   NYRefinance00Springing
38Cypress Gardens MHC10/7/201610/7/2016   NYRefinance008,863
39Victoria Place - CA10/21/20169/14/2016 9/13/201613.0%NYRefinance027,6086,902
40Your Place Storage11/9/201611/9/2016   NYAcquisition10,0008,7728,772
41Indiana MHC PortfolioVariousVarious   NYRefinance5,5008,6812,756
41.01Berkshire Pointe12/27/201612/5/2016   NY    
41.02Amberly Pointe12/27/201611/14/2016   NY    
42West Wind Shopping Center12/21/201612/21/2016   NYRefinance015,8387,919
43Lithia Square10/25/201610/19/2016   NYRefinance8,43826,3858,376
44Rockville Tudor Apt. Corp.12/20/201612/19/2016   NYRefinance00Springing
4560-104 Owners Corp.11/15/201611/15/2016   NYRefinance0116,08215,337
4655 Lenox Tenants Corporation11/17/201611/17/2016   NYRefinance00Springing
47American Storage of Rockwall11/4/201611/4/2016   NYAcquisition11,2503,3893,389
48Sunset Green Housing Corporation7/21/20167/21/2016   NYRefinance00Springing
49Westbrook Tenants Corporation10/28/201611/11/2016   NYRefinance00Springing
50The Offices at Johns Creek12/20/2016    NYRefinance010,2993,433
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.10/27/201610/27/2016   NYRefinance00Springing
52345 Bronx River Road Owners, Inc.1/23/20171/23/2017   NYRefinance00Springing
53Leopard Mobile Home Park1/10/20171/10/2017   NYAcquisition30,8139,2194,609
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.12/20/201612/16/2016   NYRefinance057,71719,239
55Shore Road Apartment Corporation11/16/201611/15/2016   NYRefinance023,9997,165
56Southridge Cooperative, Section 1, Inc.1/23/20171/23/2017   NYRefinance00Springing
57323-325-327 West 11th Street Owners Corp.1/9/20171/9/2017   NYRefinance00Springing
58156-168 East 3rd Street Owners, Inc.1/19/20171/20/2017   NYRefinance00Springing
59Highland MHP11/17/201611/17/2016 11/17/201610.0%NYAcquisition02,9751,488
60Airport Landing Apartments1/30/20171/30/2017   NYRefinance043,25612,601
61140 Sullivan Cooperative Corp.3/3/20163/1/2016   NYRefinance00Springing

 

A-1-12 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan NumberProperty NameTax Escrow - Cash or LoCTax Escrow - LoC CounterpartyInsurance Escrow (Initial)Monthly Insurance Escrow ($)Insurance Escrow - Cash or LoCInsurance Escrow - LoC CounterpartyUpfront Replacement Reserve ($)Monthly Replacement Reserve ($)(12)Replacement Reserve Cap ($)Replacement Reserve Escrow - Cash or LoCReplacement Reserve Escrow - LoC Counterparty
1Hyatt Place PortfolioCash 0Springing  076,4420Cash 
1.01Hyatt Place Greenville           
1.02Hyatt Place Charlotte           
1.03Hyatt Place Dallas           
1.04Hyatt Place Alpharetta           
1.05Hyatt Place Topeka           
1.06Hyatt Place Roanoke           
2McLean Data Center PortfolioCash 0Springing  0Springing0  
3International Paper Global HQ  0Springing  0Springing0  
4Preferred Freezer Vernon  0Springing  0Springing0  
5Promenade at Tutwiler Farm  0Springing  0Springing0  
6Jamboree Business CenterCash 0Springing  02,6050Cash 
7Cleveland Technology Center  0Springing  04,5040Cash 
8Five Star Self-Storage PortfolioCash 24,956SpringingCash 01,9410Cash 
8.01Lohr Circle           
8.02Ferndale           
8.03Airey Court           
8.04Highland           
8.05Chesterland           
8.06Englewood           
8.07Lansing           
9Carrollton Avenue Shopping CenterCash 0Springing  0859; Springing0Cash 
10The Strand on Ocean DriveCash 7,107592Cash 01580Cash 
11Palms of CarrollwoodCash 9,0439,043Cash 03,6380Cash 
12Whitehall Corporate Center VICash 0Springing  01,9480Cash 
13Britt LakesCash 37,5413,128Cash 04,500162,000Cash 
14Peachtree Mall  0Springing  0Springing0  
15Summercrest ApartmentsCash 118,04410,220Cash 300,0008,875500,000Cash 
169 Barrow Owners Corp.  0Springing  000  
17Holiday Inn BeaumontCash 70,02610,004Cash 023,1860Cash 
18Crossroads Shopping CenterCash 16,4381,264Cash 112,50061051,206Cash 
19DoubleTree by Hilton TempeCash 67,3666,737Cash 01/12 of 5.00% of annual operating income0Cash 
20Beech Meadow ApartmentsCash 35,8325,688Cash 05,6670Cash 
21Brownstone TerraceCash 14,2123,553Cash 03,0250Cash 
22Holiday Inn Express & Suites RiverheadCash 69,0965,982Cash 012,8660Cash 
23StaxUp Storage HomelandCash 4,307538Cash 01,1420Cash 
24Biltmore ApartmentsCash 17,1044,152Cash 03,8750Cash 
25Raghu ApartmentsCash 65,0485,632Cash 200,0005,850400,000Cash 
26Tri Retail PortfolioCash 1,283611Cash 02980Cash 
26.01Target Shadow Anchored Outlot           
26.02Sherwin Williams Anchored           
26.03Promenade at Castle Rock           
27Security Public Storage - Brea  0Springing  0Springing0  
28The Rochester ApartmentsCash 15,4663,754Cash 03,5000Cash 
29Grinnell Water WorksCash 6,1302,043Cash 01,5150Cash 
30Tharp Portfolio IIICash 17,2611,438Cash 6006000Cash 
30.01CVS Triangle Center           
30.02Southeastern & English           
30.03Fifth Third - Land Lease           
30.04Dunkin Donuts - Land Lease           
31Country Inn & Suites - DearbornCash 16,7941,999Cash 08,092485,545Cash 
32Oceanview Towers Inc.  0Springing  000  
33Holiday Inn Express & Suites SedaliaCash 30,978SpringingCash 06,9880Cash 
34Tulsa ShopsCash 4,7452,373Cash 01,1490Cash 
35Little York Plaza Shopping CenterCash 31,0363,449Cash 03,6460Cash 
36Haverstick Office ParkCash 1,4431,443Cash 01,464; Springing60,000Cash 
37118 Flats Oval  0Springing  06670Cash 
38Cypress Gardens MHCCash 25,6902,447Cash 01,1210Cash 
39Victoria Place - CACash 0Springing  0791; Springing18,984Cash 
40Your Place StorageCash 1,8301,830Cash 1,0041,0040Cash 
41Indiana MHC PortfolioCash 6,170840Cash 01,0400Cash 
41.01Berkshire Pointe           
41.02Amberly Pointe           
42West Wind Shopping CenterCash 20,1152,786Cash 24,66068524,660Cash 
43Lithia SquareCash 15,3922,094Cash 01,1500Cash 
44Rockville Tudor Apt. Corp.  0Springing  000  
4560-104 Owners Corp.Cash 0Springing  000  
4655 Lenox Tenants Corporation  0Springing  000  
47American Storage of RockwallCash 1,6061,606Cash 60360321,708Cash 
48Sunset Green Housing Corporation  0Springing  000  
49Westbrook Tenants Corporation  0Springing  000  
50The Offices at Johns CreekCash 1,078538Cash 053020,000Cash 
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.  0Springing  000  
52345 Bronx River Road Owners, Inc.  0Springing  000  
53Leopard Mobile Home ParkCash 2,8611,431Cash 7677670Cash 
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.Cash 0Springing  000  
55Shore Road Apartment CorporationCash 0Springing  000  
56Southridge Cooperative, Section 1, Inc.  0Springing  000  
57323-325-327 West 11th Street Owners Corp.  0Springing  000  
58156-168 East 3rd Street Owners, Inc.  0Springing  000  
59Highland MHPCash 475475Cash 3083080Cash 
60Airport Landing ApartmentsCash 33,91810,542Cash 05,000120,000Cash 
61140 Sullivan Cooperative Corp.  0Springing  000  

 

A-1-13 

 

 

            
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
 
Mortgage Loan NumberProperty NameUpfront TI/LC Reserve ($)(11)Monthly TI/LC Reserve ($)(13)TI/LC Reserve Cap ($)TI/LC Escrow - Cash or LoCTI/LC Escrow - LoC CounterpartyDebt Service Escrow (Initial) ($)Debt Service Escrow (Monthly) ($)Debt Service Escrow - Cash or LoCDebt Service Escrow - LoC CounterpartyOther Escrow I Reserve Description
1Hyatt Place Portfolio000  00  Property Improvement Plan (PIP) Reserve
1.01Hyatt Place Greenville          
1.02Hyatt Place Charlotte          
1.03Hyatt Place Dallas          
1.04Hyatt Place Alpharetta          
1.05Hyatt Place Topeka          
1.06Hyatt Place Roanoke          
2McLean Data Center Portfolio0Springing0  00   
3International Paper Global HQ3,662,73853,5153,210,900Cash 00   
4Preferred Freezer Vernon000  00   
5Promenade at Tutwiler Farm0Springing0  00   
6Jamboree Business Center0Springing0  00  Working Capital Reserve
7Cleveland Technology Center0Springing0  00   
8Five Star Self-Storage Portfolio000  00   
8.01Lohr Circle          
8.02Ferndale          
8.03Airey Court          
8.04Highland          
8.05Chesterland          
8.06Englewood          
8.07Lansing          
9Carrollton Avenue Shopping Center06,010216,372Cash 00   
10The Strand on Ocean Drive250,0001,0550Cash 00  Free Rent / Common Charges Reserve
11Palms of Carrollwood012,500600,000Cash 00   
12Whitehall Corporate Center VI000  00  Advantage Sales/ChassisLink/Home Point TILC Reserve
13Britt Lakes000  00   
14Peachtree Mall0Springing0  00   
15Summercrest Apartments000  00   
169 Barrow Owners Corp.000  00  Collateral Security Agreement for Capital Improvements
17Holiday Inn Beaumont000  00  PIP Reserve
18Crossroads Shopping Center8,7503,810228,600Cash 00   
19DoubleTree by Hilton Tempe000  00  Carry Cost Reserve
20Beech Meadow Apartments000  00   
21Brownstone Terrace000  00   
22Holiday Inn Express & Suites Riverhead000  00  PIP Reserve
23StaxUp Storage Homeland000  00   
24Biltmore Apartments000  00   
25Raghu Apartments000  00   
26Tri Retail Portfolio01,8650Cash 00   
26.01Target Shadow Anchored Outlot          
26.02Sherwin Williams Anchored          
26.03Promenade at Castle Rock          
27Security Public Storage - Brea000  00   
28The Rochester Apartments000  00   
29Grinnell Water Works100,0004,329200,000Cash 00  Interact Skills TI Reserve
30Tharp Portfolio III1,2651,265; Springing100,000Cash 00  Two Amigos Rent Reserve
30.01CVS Triangle Center          
30.02Southeastern & English          
30.03Fifth Third - Land Lease          
30.04Dunkin Donuts - Land Lease          
31Country Inn & Suites - Dearborn000  00   
32Oceanview Towers Inc.000  00  Collateral Security Agreement for Capital Improvements
33Holiday Inn Express & Suites Sedalia000  00  PIP Reserve
34Tulsa Shops03,7530Cash 00   
35Little York Plaza Shopping Center07,022350,000Cash 00   
36Haverstick Office Park150,0008,320350,000Cash 00   
37118 Flats Oval000  00   
38Cypress Gardens MHC000  00   
39Victoria Place - CA02,63263,168Cash 00  Springing Big 5 Sporting Goods/Social Security Administration Reserve
40Your Place Storage000  00   
41Indiana MHC Portfolio000  00   
41.01Berkshire Pointe          
41.02Amberly Pointe          
42West Wind Shopping Center150,0003,513150,000Cash 00   
43Lithia Square50,0002,500150,000Cash 00   
44Rockville Tudor Apt. Corp.000  00   
4560-104 Owners Corp.000  00  Collateral Security Agreement for Repair Work
4655 Lenox Tenants Corporation000  00   
47American Storage of Rockwall000  00   
48Sunset Green Housing Corporation000  00   
49Westbrook Tenants Corporation000  00   
50The Offices at Johns Creek02,375110,000Cash 00  Springing Fusion Sleep Reserve
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.000  00  Collateral Security Agreement for Capital Improvements
52345 Bronx River Road Owners, Inc.000  00   
53Leopard Mobile Home Park000  00   
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.000  00  Collateral Security Agreement for Capital Improvements
55Shore Road Apartment Corporation000  00   
56Southridge Cooperative, Section 1, Inc.000  00  Collateral Security Agreement for Capital Improvements
57323-325-327 West 11th Street Owners Corp.000  00   
58156-168 East 3rd Street Owners, Inc.000  00   
59Highland MHP000  00   
60Airport Landing Apartments000  00   
61140 Sullivan Cooperative Corp.000  00   

  

A-1-14 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
              
Mortgage Loan NumberProperty NameOther Escrow I (Initial) ($)(5)(11)Other Escrow I (Monthly) ($)Other Escrow I Cap ($)Other Escrow I Escrow - Cash or LoCOther  Escrow I - LoC CounterpartyOther Escrow II Reserve DescriptionOther Escrow II (Initial) ($)(11)Other Escrow II (Monthly) ($)Other Escrow II Cap ($)Other Escrow II Escrow - Cash or LoCOther  Escrow II - LoC CounterpartyHoldback(7)
1Hyatt Place Portfolio3,557,58300Cash  000   
1.01Hyatt Place Greenville            
1.02Hyatt Place Charlotte            
1.03Hyatt Place Dallas            
1.04Hyatt Place Alpharetta            
1.05Hyatt Place Topeka            
1.06Hyatt Place Roanoke            
2McLean Data Center Portfolio000   000   
3International Paper Global HQ000   000   
4Preferred Freezer Vernon000   000   
5Promenade at Tutwiler Farm000   000   
6Jamboree Business Center900,00000Cash  000   
7Cleveland Technology Center000   000   
8Five Star Self-Storage Portfolio000   000   
8.01Lohr Circle            
8.02Ferndale            
8.03Airey Court            
8.04Highland            
8.05Chesterland            
8.06Englewood            
8.07Lansing            
9Carrollton Avenue Shopping Center000   000   
10The Strand on Ocean Drive566,05114,5310Cash Food Court Lease Reserve3,100,00000Cash  
11Palms of Carrollwood000   000   
12Whitehall Corporate Center VI09,738; Springing725,000Cash  000   
13Britt Lakes000   000   
14Peachtree Mall000   000   
15Summercrest Apartments000   000   
169 Barrow Owners Corp.2,500,00000Cash  000   
17Holiday Inn Beaumont678,86300Cash Hotel Tax / Seasonality Reserve0Springing0   
18Crossroads Shopping Center000   000   
19DoubleTree by Hilton Tempe225,210Springing225,210Cash Seasonal Working Capital Reserve0150,000; Springing0Cash  
20Beech Meadow Apartments000   000   
21Brownstone Terrace000   000   
22Holiday Inn Express & Suites Riverhead1,500,00000Cash  000   
23StaxUp Storage Homeland000   000   
24Biltmore Apartments000   000   
25Raghu Apartments000   000   
26Tri Retail Portfolio000   000   
26.01Target Shadow Anchored Outlot            
26.02Sherwin Williams Anchored            
26.03Promenade at Castle Rock            
27Security Public Storage - Brea000   000   
28The Rochester Apartments000   000   
29Grinnell Water Works11,49800Cash  000   
30Tharp Portfolio III11,50000Cash  000   
30.01CVS Triangle Center            
30.02Southeastern & English            
30.03Fifth Third - Land Lease            
30.04Dunkin Donuts - Land Lease            
31Country Inn & Suites - Dearborn000   000   
32Oceanview Towers Inc.500,00000Cash  000   
33Holiday Inn Express & Suites Sedalia1,758,24700Cash  000   
34Tulsa Shops000   000   
35Little York Plaza Shopping Center000   000  1,168,500
36Haverstick Office Park000   000   
37118 Flats Oval000   000   
38Cypress Gardens MHC000   000   
39Victoria Place - CA0Springing0   000  240,000
40Your Place Storage000   000   
41Indiana MHC Portfolio000   000   
41.01Berkshire Pointe            
41.02Amberly Pointe            
42West Wind Shopping Center000   000   
43Lithia Square000   000   
44Rockville Tudor Apt. Corp.000   000   
4560-104 Owners Corp.111,25000Cash  000   
4655 Lenox Tenants Corporation000   000   
47American Storage of Rockwall000   000   
48Sunset Green Housing Corporation000   000   
49Westbrook Tenants Corporation000   000   
50The Offices at Johns Creek0Springing0  Springing Skylark Reserve0Springing0   
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.500,00000Cash  000   
52345 Bronx River Road Owners, Inc.000   000   
53Leopard Mobile Home Park000   000   
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.150,00000Cash  000   
55Shore Road Apartment Corporation000   000   
56Southridge Cooperative, Section 1, Inc.1,000,00000Cash  000   
57323-325-327 West 11th Street Owners Corp.000   000   
58156-168 East 3rd Street Owners, Inc.000   000   
59Highland MHP000   000   
60Airport Landing Apartments000   000   
61140 Sullivan Cooperative Corp.000   000   

  

A-1-15 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES    
              
Mortgage Loan NumberProperty NameOwnership InterestGround Lease Initial Expiration DateAnnual Ground Rent PaymentAnnual Ground Rent IncreasesLockboxWhole Loan Cut-off Date Balance ($)Whole Loan Debt Service ($)Subordinate Secured Debt Original Balance ($)Subordinate Secured Debt Cut-off Date Balance ($)Whole Loan U/W NOI DSCR (x)Whole Loan U/W NCF DSCR (x)Whole Loan Cut-off Date LTV Ratio
1Hyatt Place PortfolioFee   Hard/Springing Cash Management       
1.01Hyatt Place GreenvilleFee           
1.02Hyatt Place CharlotteFee           
1.03Hyatt Place DallasFee           
1.04Hyatt Place AlpharettaFee           
1.05Hyatt Place TopekaFee           
1.06Hyatt Place RoanokeFee           
2McLean Data Center PortfolioFee   Hard/Upfront Cash Management       
3International Paper Global HQFee   Hard/Upfront Cash Management       
4Preferred Freezer VernonFee   Hard/Upfront Cash Management       
5Promenade at Tutwiler FarmFee   Springing       
6Jamboree Business CenterFee   Hard/Springing Cash Management       
7Cleveland Technology CenterFee   Hard/Springing Cash Management       
8Five Star Self-Storage PortfolioFee   Hard/Upfront Cash Management       
8.01Lohr CircleFee           
8.02FerndaleFee           
8.03Airey CourtFee           
8.04HighlandFee           
8.05ChesterlandFee           
8.06EnglewoodFee           
8.07LansingFee           
9Carrollton Avenue Shopping CenterFee   Soft/Springing Cash Management        
10The Strand on Ocean DriveFee   Hard/Springing Cash Management       
11Palms of CarrollwoodFee   Springing       
12Whitehall Corporate Center VIFee   Hard/Upfront Cash Management       
13Britt LakesFee   None       
14Peachtree MallFee   Hard/Springing Cash Management       
15Summercrest ApartmentsFee   Springing       
169 Barrow Owners Corp.Fee   None11,750,00039,669750,00006.336.3014.1%
17Holiday Inn BeaumontFee   Springing       
18Crossroads Shopping CenterFee   Hard/Springing Cash Management       
19DoubleTree by Hilton TempeFee   Hard/Springing Cash Management       
20Beech Meadow ApartmentsFee   Springing       
21Brownstone TerraceFee   Springing       
22Holiday Inn Express & Suites RiverheadFee   Hard/Springing Cash Management       
23StaxUp Storage HomelandFee   Springing       
24Biltmore ApartmentsFee   Springing       
25Raghu ApartmentsFee   Springing       
26Tri Retail PortfolioFee   Springing       
26.01Target Shadow Anchored OutlotFee           
26.02Sherwin Williams AnchoredFee           
26.03Promenade at Castle RockFee           
27Security Public Storage - BreaFee   None       
28The Rochester ApartmentsFee   Springing       
29Grinnell Water WorksFee   Hard/Springing Cash Management       
30Tharp Portfolio IIIFee   Springing       
30.01CVS Triangle CenterFee           
30.02Southeastern & EnglishFee           
30.03Fifth Third - Land LeaseFee           
30.04Dunkin Donuts - Land LeaseFee           
31Country Inn & Suites - DearbornFee   Springing       
32Oceanview Towers Inc.Fee   None       
33Holiday Inn Express & Suites SedaliaFee   Springing       
34Tulsa ShopsFee   Hard/Springing Cash Management       
35Little York Plaza Shopping CenterFee   Springing       
36Haverstick Office ParkFee   None       
37118 Flats OvalFee   Hard/Springing Cash Management       
38Cypress Gardens MHCFee   Springing       
39Victoria Place - CAFee   Springing       
40Your Place StorageFee   Springing       
41Indiana MHC PortfolioFee   Springing       
41.01Berkshire PointeFee           
41.02Amberly PointeFee           
42West Wind Shopping CenterFee   None       
43Lithia SquareFee   Springing       
44Rockville Tudor Apt. Corp.Fee   None4,300,00020,021500,00003.663.6032.6%
4560-104 Owners Corp.Fee   None3,844,36116,685500,0002645.495.3818.7%
4655 Lenox Tenants CorporationFee   None       
47American Storage of RockwallFee   Springing       
48Sunset Green Housing CorporationFee   None3,491,38116,786500,00003.553.4732.3%
49Westbrook Tenants CorporationFee   None3,241,11115,399250,00006.476.3316.0%
50The Offices at Johns CreekFee   None       
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.Fee   None3,086,81114,060250,00004.814.7118.9%
52345 Bronx River Road Owners, Inc.Fee   None3,000,00014,352500,00003.953.7923.7%
53Leopard Mobile Home ParkFee   Springing       
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.Fee   None2,597,82310,963500,00006.145.9415.0%
55Shore Road Apartment CorporationFee   None2,593,71711,948500,00003.913.7929.5%
56Southridge Cooperative, Section 1, Inc.Fee   None       
57323-325-327 West 11th Street Owners Corp.Fee   None2,097,4159,872500,00006.926.786.4%
58156-168 East 3rd Street Owners, Inc.Fee   None       
59Highland MHPFee   Springing       
60Airport Landing ApartmentsFee   None       
61140 Sullivan Cooperative Corp.Fee   None1,500,0005,737500,000015.2715.245.1%

 

A-1-16 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
        
Mortgage Loan NumberProperty NameWhole Loan Cut-off Date U/W NOI Debt YieldWhole Loan Cut-off Date U/W NCF Debt YieldMezzanine Debt Cut-off Date Balance($)SponsorAffiliated SponsorsMortgage Loan Number
1Hyatt Place Portfolio   William Lee Nelson; American Hospitality Properties Fund I, LLC; American Hospitality Properties Fund III, LLC 1
1.01Hyatt Place Greenville     1.01
1.02Hyatt Place Charlotte     1.02
1.03Hyatt Place Dallas     1.03
1.04Hyatt Place Alpharetta     1.04
1.05Hyatt Place Topeka     1.05
1.06Hyatt Place Roanoke     1.06
2McLean Data Center Portfolio   Carter Validus Mission Critical REIT II, Inc. 2
3International Paper Global HQ   AG Net Lease III Corp.; AG Net Lease III (SO) Corp. 3
4Preferred Freezer Vernon   Sherwin Jarol 4
5Promenade at Tutwiler Farm   E. Stanley Kroenke 5
6Jamboree Business Center   GEM Realty Evergreen Fund, L.P.; Pendulum Property Partners, LLC 6
7Cleveland Technology Center   H5 Data Centers; Josh Simms 7
8Five Star Self-Storage Portfolio  1,500,000Fred Phillip Schwartz; Susan Hoffman; Baruch Chaim Manies 8
8.01Lohr Circle  322,776  8.01
8.02Ferndale  318,741  8.02
8.03Airey Court  251,262  8.03
8.04Highland  221,908  8.04
8.05Chesterland  181,561  8.05
8.06Englewood  121,041  8.06
8.07Lansing  82,711  8.07
9Carrollton Avenue Shopping Center   Jeffrey J. Feil 9
10The Strand on Ocean Drive   Joseph Nakash; Eli Gindi 10
11Palms of Carrollwood   Wallace Enterprises Inc.; Nina W. Broach; John White-Spunner 11
12Whitehall Corporate Center VI  850,000Riprand Count Arco 12
13Britt Lakes   William O. Richardson; Horace William Miller IV 13
14Peachtree Mall   General Growth Partners 14
15Summercrest Apartments   Arun VermaY - Group 115
169 Barrow Owners Corp.25.7%25.5%   16
17Holiday Inn Beaumont   Summit11 17
18Crossroads Shopping Center   Calvin Phan; Jessica Nguyen 18
19DoubleTree by Hilton Tempe  2,198,500Driftwood Hospitality Management, LLC 19
20Beech Meadow Apartments   Shlomo Tress; Yechezkel Landau 20
21Brownstone Terrace   David Brecher 21
22Holiday Inn Express & Suites Riverhead   Albert L. Salvatico 22
23StaxUp Storage Homeland   Randall Strauss 23
24Biltmore Apartments   William Ian MacDonaldY - Group 224
25Raghu Apartments   Arun VermaY - Group 125
26Tri Retail Portfolio   Dean Shabbouei 26
26.01Target Shadow Anchored Outlot     26.01
26.02Sherwin Williams Anchored     26.02
26.03Promenade at Castle Rock     26.03
27Security Public Storage - Brea   Michael B. Eisler; Michael S. Orwitz; The Michael Bradley Eisler Revocable Trust; Michael Orwitz Living Trust; BACO Realty Corporation 27
28The Rochester Apartments   William Ian MacDonaldY - Group 228
29Grinnell Water Works   Saturn Property Investments, LLC 29
30Tharp Portfolio III   Donald J. Tharp; Marsha Tharp 30
30.01CVS Triangle Center     30.01
30.02Southeastern & English     30.02
30.03Fifth Third - Land Lease     30.03
30.04Dunkin Donuts - Land Lease     30.04
31Country Inn & Suites - Dearborn   Saad Roumaya 31
32Oceanview Towers Inc.     32
33Holiday Inn Express & Suites Sedalia   Larry-Bharat Patel 33
34Tulsa Shops   Joseph Goldstein 34
35Little York Plaza Shopping Center   Plaza Fiesta, LLC; Washington State Investment Board 35
36Haverstick Office Park   Abhishek Mathur; Brian Adams 36
37118 Flats Oval   James R. Wymer 37
38Cypress Gardens MHC   Jan-Marie Cassidy; Lee S. Cassidy 38
39Victoria Place - CA   Stephen B. Jaeger; The Stephen B. Jaeger Living Trust 39
40Your Place Storage   Daniel A. Myers 40
41Indiana MHC Portfolio   Kurtis P. Keeney; Nathan G. Smith 41
41.01Berkshire Pointe     41.01
41.02Amberly Pointe     41.02
42West Wind Shopping Center   Martin Hampton; Stacy Hampton 42
43Lithia Square   Aristides Sideris; Mark Silverman 43
44Rockville Tudor Apt. Corp.20.5%20.1%   44
4560-104 Owners Corp.28.6%28.0%   45
4655 Lenox Tenants Corporation     46
47American Storage of Rockwall   William S. Slaughter; Kendra Y. Slaughter 47
48Sunset Green Housing Corporation20.5%20.0%   48
49Westbrook Tenants Corporation36.9%36.1%   49
50The Offices at Johns Creek   Rembert T. Cribb 50
51Beach 124 Apt. Inc. a/k/a Beach 124 Apt Inc.26.3%25.8%   51
52345 Bronx River Road Owners, Inc.22.7%21.8%   52
53Leopard Mobile Home Park   Eliot B. Barnett; Ken Bruder; Norman Winton 53
54Brigham Shellbank Cooperative Inc. a/k/a Brigham Shellbank Cooperative, Inc.31.1%30.1%   54
55Shore Road Apartment Corporation21.6%20.9%   55
56Southridge Cooperative, Section 1, Inc.     56
57323-325-327 West 11th Street Owners Corp.39.1%38.3%   57
58156-168 East 3rd Street Owners, Inc.     58
59Highland MHP   Harold Higgins; Gayle E. Pereira 59
60Airport Landing Apartments   Leon Mucasey 60
61140 Sullivan Cooperative Corp.70.1%70.0%   61

 

A-1-17 

 

 

 FOOTNOTES TO ANNEX A-1 

 

 See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans.
  
(1)“AREF” denotes Argentic Real Estate Finance LLC, “RMF” denotes Rialto Mortgage Finance, LLC, “NCB” denotes National Cooperative Bank, N.A., “CIIICM” denotes C-III Commercial Mortgage LLC and “WFB” denotes Wells Fargo Bank, National Association.
  
(2)For mortgage loan #7 (Cleveland Technology Center), the Number of Units includes 112,869 square feet of data center space, 61,114 square feet of warehouse space, 25,645 square feet of colocation space, 5,923 square feet of office space, 4,150 square feet of connectivity space and 60,484 square feet of raw space.  
  
 For mortgage loan #9 (Carrollton Avenue Shopping Center), the Number of Units includes the largest and second largest tenants (150,000 and 13,225 square feet, respectively), representing 79.2% of net rentable square feet, who lease their collateral pad sites and the improvements built on the pad sites are owned by the tenant.
  
 For mortgage loan #23 (StaxUp Storage Homeland), the Number of Units does not include 285 RV sites that are included in U/W Revenues.
  
 For mortgage loan #30 (Tharp Portfolio III), the Number of Units does not include the fourth largest tenant (Fifth Third Bank) and fifth largest tenant (Dunkin’ Donuts) at the portfolio (4,956 and 3,120 square feet, respectively), who lease their collateral pad sites and own the improvements built on the pad sites.
  
 For mortgage loan #53 (Leopard Mobile Home Park), the Number of Units and U/W Revenues includes 66 RV sites and two single-family homes.
  
 For mortgage loan #59 (Highland MHP), the Number of Units and U/W Revenues includes 21 RV sites.
  
(3)For mortgage loan #60 (Airport Landing Apartments), the loan was originated in 2001 and the lockout period has expired.
  
(4)For mortgage loan #14 (Peachtree Mall), a one-time grace period default of two business days is permitted during the mortgage loan term.
  
(5)For mortgage loan #12 (Whitehall Corporate Center VI), the appraised value of $18,800,000 assumes the outstanding tenant improvement and leasing commissions have not been paid and the mortgaged property is not stabilized. The appraised value of $20,000,000 assumes the outstanding tenant improvements and leasing commissions have been paid but the property is not stabilized. The Appraised Value represents the value given that all tenant improvement and leasing commissions have been paid and the mortgaged property is stabilized at full market rents as of September 1, 2017.  The Cut-off Date LTV Ratio and LTV Ratio at Maturity based on the $20,000,000 appraised value are 71.8% and 59.5%, respectively.
  
 For mortgage loan #17 (Holiday Inn Beaumont), the Appraised Value is based on the assumption that a property improvement plan (“PIP”) has been completed in accordance with the brand requirements. Approximately $3,900,000 of the $4,400,000 PIP has been completed. A $678,863 reserve (125% of the estimated remaining PIP costs) was established at origination for the remaining PIP work, which is expected to be completed by the second quarter of 2017.
  
 For mortgage loan #22 (Holiday Inn Express & Suites Riverhead), the Appraised Value is based on the assumption that capital improvements of $1,500,000 are completed by January 1st, 2018.  A $1,500,000 reserve was taken at origination representing the outstanding capital improvements. The appraised value assuming the capital improvements have not been completed is $14,600,000. The

 

A-1-18 

 

 

  
 Cut-Off Date LTV Ratio and LTV Ratio at Maturity, assuming the $14,600,000 appraised value, are 61.6% and 51.2%, respectively.
  
(6)For mortgage loan #14 (Peachtree Mall), the mortgage loan represents Note A-4 of four pari passu notes, which have a combined Cut-off Date Balance of $78,896,500.  Note A-1, Note A-2 and Note A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Note A-1, Note A-2, Note A-3 and Note A-4 in the aggregate (the “Peachtree Mall Whole Loan”). Note A-4 represents a non-controlling interest in the Peachtree Mall Whole Loan.
  
 For mortgage loan #19 (DoubleTree by Hilton Tempe), the mortgage loan represents Note A-2 of two pari passu notes, which have a combined Cut-off Date Balance of $20,533,701.  Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Note A-1 and Note A-2 in the aggregate (the “DoubleTree by Hilton Tempe Whole Loan”). Note A-2 represents a non-controlling interest in the DoubleTree by Hilton Tempe Whole Loan.
  
(7)For mortgage loan #35 (Little York Plaza Shopping Center), All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $5,581,000.  Provided there has been no event of default, the Holdback can be disbursed in whole provided that the following conditions are satisfied: (i) the guarantor maintains a minimum net worth of at least $5,581,000; and (ii) the guarantor maintains liquidity of at least $250,000. If the Holdback has not been released by July 24, 2018, the lender may apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower.  Assuming the full Holdback balance is applied to the full loan amount of $5,581,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 45.2%, 45.2%, 3.43x, 2.96x, 16.7% and 14.4%, respectively.
  
 For mortgage loan #39 (Victoria Place – CA), All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $4,800,000.  Provided there has been no event of default, the Holdback can be disbursed in whole provided that the following conditions are satisfied: (i) the fourth largest tenant (2,100 square feet), representing 4.9% of net rentable square feet, is in occupancy, open for business and paying full unabated rent; or (ii) the net cash flow debt yield is at least 9.47%. If the Holdback has not been released by December 1, 2018, the lender may apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower.  Assuming the full Holdback balance is applied to the full loan amount of $4,800,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 64.2%, 54.8%, 1.74x, 1.59x, 10.9% and 10.0%, respectively.
  
(8)For mortgage loan #17 (Holiday Inn Beaumont), food and beverage income accounts for approximately 28.0% of U/W Revenues.
  
 For mortgage loan #19 (DoubleTree by Hilton Tempe), food and beverage income accounts for approximately 28.4% of U/W Revenues.
  
(9)For mortgage loan #18  (Crossroads Shopping Center), the largest tenant (4,400 square feet), representing 12.0% of net rentable square feet, occupies a portion of their space (1,200 square feet) on a month to month basis. The tenant has occupied such space since 2009.
  
(10)The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable.
  
 For mortgage loan #6 (Jamboree Business Center), the second largest tenant (26,582 square feet), representing 17.0% of the net rentable square feet, has the right to reduce its space by 6,635 square feet on December 31, 2019 by providing nine months’ written notice. If this option is not exercised, the borrower is required to pay the tenant an amount equal to $217,972 by January 31, 2020. The third largest tenant (20,132 square feet), representing 12.9% of the net rentable square feet, may

 

A-1-19 

 

 

  
 terminate its lease beginning on February 29, 2020, with 270 days’ written notice and a termination payment equal to the sum of: (i) $114,394; (ii) the sum of the first four months’ rent; and (iii) unamortized tenant improvements and leasing costs. The fourth largest tenant (18,270 square feet), representing 11.7% of the net rentable square feet, may terminate its lease beginning on June 30, 2021, with 365 days’ written notice and a termination payment equal to the sum of: (i) $83,677; and (ii) the sum of eight months’ rent and unamortized tenant improvements and leasing costs, calculated on a straight-line basis.  
  
 For mortgage loan #9 (Carrollton Avenue Shopping Center), the largest tenant (150,000 square feet), representing 72.8% of net rentable square feet, may terminate the lease on its gas station parcel if they elect to cease operations of the gas station.
  
 For mortgage loan #11 (Palms of Carrollwood), the largest tenant (35,931 square feet), representing 21.4% of the net rentable area may terminate its lease if the borrower fails to maintain a minimum number of parking spaces in certain defined parking areas by providing 120 days written notice of such failure. No such notice has been received, however, the number of parking spaces in the defined parking areas currently does not meet the minimum threshold by seven total parking spaces (four in the parking area to the west and three in the parking area to the east).  The borrower is required to add the additional seven parking spaces within 45 days of origination of the mortgage loan and has deposited $10,000 in an escrow account. Additionally, non-recourse carveouts were expanded to include any loss resulting from the failure to be in compliance with the parking requirements detailed in the lease.
  
 For mortgage loan #12 (Whitehall Corporate Center VI), the largest tenant (25,003 square feet), representing 21.4% of net rentable square feet, may terminate its lease as of November 30, 2019 upon providing written notice by February 28, 2019 and payment of all unamortized tenant improvements, leasing commissions and free rent.  The largest tenant also has a one-time right to return up to 25% of its space as of May 31, 2019 upon providing six months’ written notice and payment of all pro rata unamortized tenant improvements, leasing commissions and free rent.
  
 For mortgage loan #14 (Peachtree Mall), the fourth largest tenant (21,210 square feet), representing 4.0% of the net rentable square feet, may terminate its lease if sales for the period beginning January 1, 2019 through December 31, 2019 do not exceed $2,800,000 by providing 365 days’ written notice by June 30, 2020 and paying a termination fee equal to 50% of all unamortized tenant improvements and leasing commissions. The fifth largest tenant (13,159 square feet), representing 2.5% of the net rentable square feet, has the option to terminate its lease if sales for the period beginning July 31, 2019 through June 30, 2020 do not exceed $1,500,000 by providing 90 days’ written notice by August 31, 2020 and paying a termination fee equal to 50% of all unamortized tenant improvements and leasing commissions.
  
 For mortgage loan #26 (Tri Retail Portfolio), the third largest tenant (2,922 square feet), representing 12.3% of net rentable square feet of the entire portfolio, may terminate its lease on May 21st, 2023 upon providing a 180 days’ prior written notice and payment of a termination fee equal to the sum of the then unamortized brokerage commission.
  
 For mortgage loan #30 (Tharp Portfolio III), the largest tenant at the Dunkin Donuts - Land Lease mortgaged property (3,120 square feet, comprising the non-collateral improvements) may terminate its lease upon providing 120 days’ written notice and payment of all remaining rents discounted at 8.0%.
  
 For mortgage loan #39 (Victoria Place – CA), the largest tenant (10,008 square feet), representing 23.5% of net rentable square feet, may terminate its lease at any time after March 31, 2020 upon providing 90 days’ written notice.
  
(11)In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises that were included in the underwriting.
  
 For mortgage loan #6 (Jamboree Business Center), the largest tenant (38,079 square feet), representing 24.4% of the net rentable square feet, is in a free rent period for a portion of its space

 

A-1-20 

 

 

  
 (2,063 square feet) through April 2017. The third largest tenant (20,132 square feet), representing 12.9% of the net rentable square feet, is in a free rent period through March 2017.
  
 For mortgage loan #7 (Cleveland Technology Center), the fourth largest tenant (16,800 square feet), representing 6.2% of the net rentable square feet, has executed a new antenna lease as part of their last lease renewal but has not commenced paying rent for the antenna lease.  Rent is anticipated to begin April 2017.  
  
 For mortgage loan #10 (The Strand on Ocean Drive), the largest tenant (5,634 square feet), representing 44.5% of the net rentable square feet and the fourth largest tenant (204 square feet), representing 1.6% of the net rentable square feet, have executed leases but are not yet in occupancy or paying rent. The tenants are expected to take occupancy by June 2017 and commence paying full, unabated rent by September 2017. Reserves in the amount of $566,051 and $250,000 were established at origination, representing the outstanding rent abatement and tenant improvements, respectively. A reserve in the amount of $3.1 million was established at origination, which will be released once the largest tenant is in occupancy, open for business, paying full unabated rent and has delivered an acceptable estoppel certificate to the lender. Additionally, an affiliate of the borrower executed a five-year master lease on the same rental terms as the largest tenant’s lease. The obligations of the largest tenant under the master lease are guaranteed by the Sponsors of the mortgage loan. The master lease will terminate once the largest tenant has completed its build out and either: (i) the largest tenant’s gross sales after two years of operation are at least $4,500,000 million per annum; or (ii) the largest tenant’s lease is guaranteed by an individual with financial statements acceptable to the lender.
  
 For mortgage loan #30 (Tharp Portfolio III), the second largest tenant at the Southeastern & English mortgaged property (3,450 square feet), representing 11.6% of net rentable square feet of the portfolio, is paying rent, but has yet to open for business.  The tenant is anticipated to be open for business by March 1, 2017.
  
(12)For mortgage loan #1 (Hyatt Place Portfolio), the Monthly Replacement Reserve is equal to: (A) for the period starting on January 17, 2017 and ending the earlier of: (i) February 5, 2019; and (ii) the date that the performance improvement plan (“PIP”) is completed, the greater of: (1) 1/12 of 2% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; and (2) the amount required to be reserved under the management agreement and franchise agreement; and (B) for the period starting with the earlier of: (i) February 6, 2019; and (ii) the date that the PIP is completed, the greater of: (1) 1/12 of 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; and (2) the amount required to be reserved under the management agreement and franchise agreement.
  
 For mortgage loan #22 (Holiday Inn Express & Suites Riverhead), the Monthly Replacement Reserve is equal to the greater of: (A) an amount equal to: (i) during the first and second year of the loan term, 1/12 of 3% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; or (ii) during the third year of the loan term and thereafter, 1/12 of 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; and (B) the amount required to be reserved under the management agreement and franchise agreement.
  
 For mortgage loan #31 (Country Inn & Suites - Dearborn) and mortgage loan #33 (Holiday Inn Express & Suites Sedalia), the Monthly Replacement Reserve will be equal to the greater of: (i) 1/12 of 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; and (ii) the amount required to be reserved under the management agreement and franchise agreement.
  
(13)For mortgage loan #3 (International Paper Global HQ), the TI/LC Escrow (Monthly) starts in February 2022.

 

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