FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206705-10 | ||
COMM 2017-COR2
The depositor has filed a registration statement (including the prospectus) with the SEC (File No. 333-206705) 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 Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.
This free writing prospectus does not contain all information that is required to be included in the prospectus.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
This material is for your information, and none of Deutsche Bank Securities Inc.,Jefferies LLC, Citigroup Global Markets Inc., and Academy Securities, Inc. or anyother underwriter (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the COMM2017-COR2 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2017-COR2 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | |||||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | |||||
Property Flag | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(2)(3) | Balance($)(2)(3) | or ARD Balance($) | Type | Type | Rate | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | Date | ||
Loan | 1.00 | 101 Ludlow | 7.7% | 1 | JLC/GACC | 71,000,000 | 71,000,000 | 71,000,000 | Multifamily | Student Housing | 4.41200% | 0.0153% | Actual/360 | 120 | 110 | 0 | 0 | 10/21/2016 | ||
Loan | 2.00 | AHIP Northeast Portfolio II | 6.3% | 4 | GACC | 57,700,000 | 57,700,000 | 52,785,022 | Hospitality | Extended Stay | 4.4800% | 0.0153% | Actual/360 | 120 | 118 | 360 | 360 | 06/22/2017 | ||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | 1.9% | 1 | GACC | 17,546,199 | 17,546,199 | Hospitality | Extended Stay | |||||||||||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | 1.8% | 1 | GACC | 16,308,967 | 16,308,967 | Hospitality | Extended Stay | |||||||||||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | 1.4% | 1 | GACC | 12,653,509 | 12,653,509 | Hospitality | Extended Stay | |||||||||||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | 1.2% | 1 | GACC | 11,191,326 | 11,191,326 | Hospitality | Extended Stay | |||||||||||
Loan | 3.00 | CHG Building | 6.2% | 1 | JLC | 57,000,000 | 56,797,897 | 46,432,534 | Office | Suburban | 4.7230% | 0.0153% | Actual/360 | 120 | 117 | 360 | 357 | 06/02/2017 | ||
Loan | 4.00 | Grand Hyatt Seattle(30) | 5.5% | 1 | JLC | 50,000,000 | 50,000,000 | 50,000,000 | Hospitality | Full Service | 4.7400% | 0.0168% | Actual/360 | 121 | 117 | 0 | 0 | 05/05/2017 | ||
Loan | 5.00 | Renaissance Seattle(30) | 5.5% | 1 | JLC | 50,000,000 | 50,000,000 | 50,000,000 | Hospitality | Full Service | 4.8100% | 0.0169% | Actual/360 | 121 | 117 | 0 | 0 | 05/02/2017 | ||
Loan | 6.00 | Mall of Louisiana(30) | 5.5% | 1 | CREFI | 50,000,000 | 50,000,000 | 43,229,552 | Retail | Super Regional Mall | 3.9840% | 0.0129% | Actual/360 | 120 | 119 | 360 | 360 | 07/26/2017 | ||
Loan | 7.00 | Colorado Center(30) | 4.4% | 1 | GACC | 40,000,000 | 40,000,000 | 40,000,000 | Office | CBD | 3.5625% | 0.0117% | Actual/360 | 120 | 119 | 0 | 0 | 07/28/2017 | ||
Loan | 8.00 | 360 North Rodeo Drive | 4.1% | 1 | JLC | 38,000,000 | 38,000,000 | 38,000,000 | Mixed Use | Retail/Hospitality | 3.9250% | 0.0153% | Actual/360 | 120 | 117 | 0 | 0 | 05/25/2017 | ||
Loan | 9.00 | Parmer Office 3.2 | 4.1% | 1 | CREFI | 37,895,000 | 37,895,000 | 34,582,564 | Office | Suburban | 4.3300% | 0.0153% | Actual/360 | 120 | 118 | 360 | 360 | 06/30/2017 | ||
Loan | 10.00 | Freeway Industrial Park | 3.5% | 1 | JLC | 32,000,000 | 32,000,000 | 28,204,257 | Industrial | Warehouse/Office | 4.8050% | 0.0153% | Actual/360 | 120 | 116 | 360 | 360 | 04/13/2017 | ||
Loan | 11.00 | Integrated Health Campus(30) | 3.4% | 1 | GACC | 31,000,000 | 31,000,000 | 27,030,989 | Office | Medical | 4.3400% | 0.0291% | Actual/360 | 120 | 120 | 360 | 360 | 08/11/2017 | ||
Loan | 12.00 | Park Slope Court | 3.1% | 1 | JLC/GACC | 28,000,000 | 28,000,000 | 28,000,000 | Multifamily | High-Rise | 5.5570% | 0.0153% | Actual/360 | 120 | 115 | 0 | 0 | 03/29/2017 | ||
Loan | 13.00 | The Landing | 3.0% | 1 | JLC/GACC | 27,250,000 | 27,250,000 | 23,484,380 | Office | Suburban | 4.8410% | 0.0153% | Actual/360 | 120 | 117 | 360 | 360 | 05/08/2017 | ||
Loan | 14.00 | 16027 Ventura Boulevard | 2.7% | 1 | CREFI | 25,000,000 | 25,000,000 | 25,000,000 | Office | Suburban | 4.2300% | 0.0153% | Actual/360 | 120 | 120 | 0 | 0 | 08/15/2017 | ||
Loan | 15.00 | 2600 N. Ashton | 2.3% | 1 | JLC | 21,500,000 | 21,421,244 | 15,152,665 | Office | Suburban | 4.9000% | 0.0153% | Actual/360 | 120 | 118 | 276 | 274 | 06/27/2017 | ||
Loan | 16.00 | Texarkana Pavilion | 1.9% | 1 | GACC | 17,000,000 | 17,000,000 | 17,000,000 | Retail | Anchored | 3.7500% | 0.0253% | Actual/360 | 120 | 120 | 0 | 0 | 08/18/2017 | ||
Loan | 17.00 | Kihei Kalama Village | 1.9% | 1 | JLC/GACC | 17,000,000 | 17,000,000 | 17,000,000 | Retail | Unanchored | 3.8670% | 0.0153% | Actual/360 | 120 | 109 | 0 | 0 | 10/06/2016 | ||
Loan | 18.00 | Spring River Business Park(32) | 1.7% | 1 | JLC | 15,700,000 | 15,700,000 | 14,557,937 | Mixed Use | Warehouse/Office/Flex | 5.3680% | 0.0153% | Actual/360 | 120 | 111 | 360 | 360 | 12/06/2016 | ||
Loan | 19.00 | Shops on Sage | 1.7% | 1 | JLC | 15,300,000 | 15,300,000 | 15,300,000 | Retail | Urban | 5.6570% | 0.0153% | Actual/360 | 120 | 114 | 0 | 0 | 03/03/2017 | ||
Loan | 20.00 | Oaks Apartment Portfolio | 1.6% | 2 | JLC | 15,000,000 | 15,000,000 | 13,324,909 | Multifamily | Garden | 5.1640% | 0.0628% | Actual/360 | 120 | 116 | 360 | 360 | 04/25/2017 | ||
Property | 20.01 | Oak Forest Apartments & Townhomes | 0.9% | 1 | JLC | 8,684,000 | 8,684,000 | Multifamily | Garden | |||||||||||
Property | 20.02 | Oakwood Villas & Townhomes | 0.7% | 1 | JLC | 6,316,000 | 6,316,000 | Multifamily | Garden | |||||||||||
Loan | 21.00 | Dunes Plaza | 1.6% | 1 | GACC | 14,750,000 | 14,732,223 | 11,903,997 | Retail | Shadow Anchored | 4.4500% | 0.0153% | Actual/360 | 120 | 119 | 360 | 359 | 08/04/2017 | ||
Loan | 22.00 | One Independence Way | 1.6% | 1 | JLC | 14,500,000 | 14,500,000 | 12,042,602 | Office | Suburban | 5.3200% | 0.0153% | Actual/360 | 120 | 120 | 360 | 360 | 09/01/2017 | ||
Loan | 23.00 | 592-594 Dean Street | 1.6% | 1 | GACC | 14,250,000 | 14,250,000 | 12,557,034 | Office | CBD | 4.8000% | 0.0153% | Actual/360 | 120 | 120 | 360 | 360 | 08/21/2017 | ||
Loan | 24.00 | Fairway Lane Apartments | 1.4% | 1 | JLC | 13,250,000 | 13,250,000 | 12,128,795 | Multifamily | Garden | 4.5225% | 0.0153% | Actual/360 | 120 | 110 | 360 | 360 | 11/04/2016 | ||
Loan | 25.00 | Texan Pearl | 1.4% | 1 | JLC | 13,000,000 | 13,000,000 | 13,000,000 | Multifamily | Student Housing | 5.4340% | 0.0153% | Actual/360 | 120 | 114 | 0 | 0 | 03/03/2017 | ||
Loan | 26.00 | CVS & Walgreens Portfolio(31) | 1.3% | 3 | JLC | 12,100,000 | 12,100,000 | 10,824,202 | Retail | Single Tenant Retail | 5.0020% | 0.0153% | Actual/360 | 120 | 116 | 360 | 360 | 05/01/2017 | ||
Property | 26.01 | Walgreen’s Rochester, MI | 0.5% | 1 | JLC | 4,875,000 | 4,875,000 | Retail | Single Tenant Retail | |||||||||||
Property | 26.02 | CVS Coon Rapids MN | 0.4% | 1 | JLC | 3,939,000 | 3,939,000 | Retail | Single Tenant Retail | |||||||||||
Property | 26.03 | Walgreen’s Norton, MA | 0.4% | 1 | JLC | 3,286,000 | 3,286,000 | Retail | Single Tenant Retail | |||||||||||
Loan | 27.00 | Oak Manor Villas | 1.3% | 1 | JLC | 11,800,000 | 11,729,829 | 9,876,118 | Multifamily | Garden | 5.5600% | 0.0153% | Actual/360 | 120 | 114 | 360 | 354 | 02/15/2017 | ||
Loan | 28.00 | Amsdell All Star Self Storage | 1.3% | 1 | CREFI | 11,500,000 | 11,500,000 | 10,147,846 | Self Storage | Self Storage | 4.8600% | 0.0628% | Actual/360 | 120 | 117 | 360 | 360 | 05/11/2017 | ||
Loan | 29.00 | Hampton Inn Daytona Beach(32) | 1.2% | 1 | GACC | 11,100,000 | 11,074,660 | 9,035,631 | Hospitality | Limited Service | 4.7000% | 0.0153% | Actual/360 | 120 | 118 | 360 | 358 | 06/09/2017 | ||
Loan | 30.00 | 1530 Meridian | 1.2% | 1 | JLC | 11,000,000 | 10,886,376 | 9,057,547 | Office | Suburban | 5.0510% | 0.0153% | Actual/360 | 120 | 111 | 360 | 351 | 11/09/2016 | ||
Loan | 31.00 | Fresenius Northeast Portfolio | 1.1% | 3 | JLC | 9,795,500 | 9,795,500 | 9,008,858 | Office | Medical | 4.8160% | 0.0153% | Actual/360 | 120 | 116 | 360 | 360 | 04/11/2017 | ||
Property | 31.01 | Fresenius Springfield | 0.4% | 1 | JLC | 3,959,143 | 3,959,143 | Office | Medical | |||||||||||
Property | 31.02 | Fresenius Cleveland | 0.3% | 1 | JLC | 2,994,702 | 2,994,702 | Office | Medical | |||||||||||
Property | 31.03 | Fresenius Scranton | 0.3% | 1 | JLC | 2,841,655 | 2,841,655 | Office | Medical | |||||||||||
Loan | 32.00 | Towne Center Shoppes | 1.1% | 1 | JLC | 9,650,000 | 9,650,000 | 9,650,000 | Retail | Anchored | 4.6560% | 0.0153% | Actual/360 | 120 | 115 | 0 | 0 | 03/16/2017 | ||
Loan | 33.00 | Rampart Village Center | 1.0% | 1 | CREFI | 8,800,000 | 8,789,791 | 7,143,516 | Retail | Anchored | 4.6200% | 0.0453% | Actual/360 | 120 | 119 | 360 | 359 | 08/04/2017 | ||
Loan | 34.00 | Fresenius Southern Portfolio | 1.0% | 3 | JLC | 8,785,000 | 8,785,000 | 8,057,065 | Office | Medical | 4.6400% | 0.0153% | Actual/360 | 120 | 117 | 360 | 360 | 05/09/2017 | ||
Property | 34.01 | Fresenius Pasadena | 0.4% | 1 | JLC | 3,660,000 | 3,660,000 | Office | Medical | |||||||||||
Property | 34.02 | Fresenius Bolivar | 0.3% | 1 | JLC | 2,735,000 | 2,735,000 | Office | Medical | |||||||||||
Property | 34.03 | Fresenius Deer Park | 0.3% | 1 | JLC | 2,390,000 | 2,390,000 | Office | Medical | |||||||||||
Loan | 35.00 | Packard Place | 1.0% | 1 | CREFI | 8,800,000 | 8,739,797 | 6,470,996 | Office | CBD | 4.5500% | 0.0153% | Actual/360 | 120 | 116 | 300 | 296 | 05/01/2017 | ||
Loan | 36.00 | Courtyard West Des Moines(32) | 0.9% | 1 | CREFI | 8,400,000 | 8,400,000 | 7,143,596 | Hospitality | Select Service | 4.3400% | 0.0153% | Actual/360 | 120 | 119 | 360 | 360 | 07/20/2017 | ||
Loan | 37.00 | Bedford Park Shoppes | 0.9% | 1 | GACC | 8,000,000 | 7,981,678 | 6,509,093 | Retail | Anchored | 4.6860% | 0.0153% | Actual/360 | 120 | 118 | 360 | 358 | 07/06/2017 | ||
Loan | 38.00 | Tyler Mall Mini Storage | 0.8% | 1 | CREFI | 7,160,000 | 7,151,332 | 5,774,488 | Self Storage | Self Storage | 4.4300% | 0.0153% | Actual/360 | 120 | 119 | 360 | 359 | 08/03/2017 | ||
Loan | 39.00 | Central Corporate Office | 0.8% | 1 | CREFI | 6,900,000 | 6,900,000 | 5,879,114 | Office | Suburban | 4.4100% | 0.0153% | Actual/360 | 120 | 119 | 360 | 360 | 08/02/2017 | ||
Loan | 40.00 | Lexington Hotel Miami Beach | 0.7% | 1 | JLC | 6,500,000 | 6,500,000 | 6,500,000 | Hospitality | Full Service | 4.6600% | 0.0153% | Actual/360 | 120 | 116 | 0 | 0 | 05/01/2017 | ||
Loan | 41.00 | Fresenius & DaVita CA Portfolio | 0.6% | 2 | JLC | 5,700,000 | 5,700,000 | 5,221,772 | Office | Medical | 4.5690% | 0.0153% | Actual/360 | 120 | 119 | 360 | 360 | 07/18/2017 | ||
Property | 41.01 | Fresenius Roseville | 0.4% | 1 | JLC | 3,505,000 | 3,505,000 | Office | Medical | |||||||||||
Property | 41.02 | DaVita Ceres | 0.2% | 1 | JLC | 2,195,000 | 2,195,000 | Office | Medical | |||||||||||
Loan | 42.00 | West Palm Small Bay Portfolio | 0.5% | 3 | JLC | 5,000,000 | 5,000,000 | 5,000,000 | Industrial | Warehouse/Distribution | 5.0820% | 0.0153% | Actual/360 | 120 | 118 | 0 | 0 | 07/06/2017 | ||
Property | 42.01 | 6677 42nd Terrace N | 0.2% | 1 | JLC | 1,785,740 | 1,785,740 | Industrial | Warehouse/Distribution | |||||||||||
Property | 42.02 | 4574 Dyer Boulevard | 0.2% | 1 | JLC | 1,745,921 | 1,745,921 | Industrial | Warehouse/Distribution | |||||||||||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 0.2% | 1 | JLC | 1,468,339 | 1,468,339 | Industrial | Warehouse/Distribution |
A-1-1
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | |||||||||||||||||||
First | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | ||||||||||||||
Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | ||||
Property Flag | ID | Property Name | Date | or ARD Date | (Yes/No) | Maturity Date | Service($)(6) | Service($)(6) | Service($) | Service($) | Period | Lockbox(7) | Management(8) | Other Loans | Borrower | NOI DSCR(6)(9)(10) | NCF DSCR(6)(9)(10) | Period(11) | Date | Value ($)(13) |
Loan | 1.00 | 101 Ludlow | 12/06/2016 | 11/06/2026 | No | 11/06/2026 | 264,669 | 3,176,027 | 110 | Hard | In Place | No | 1.56x | 1.54x | 0 | 6 | 112,000,000 | |||
Loan | 2.00 | AHIP Northeast Portfolio II | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 291,672 | 3,500,066 | 58 | Hard | Springing | No | 2.42x | 2.19x | 0 | 6 | 102,600,000 | |||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | 31,200,000 | |||||||||||||||||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | 29,000,000 | |||||||||||||||||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | 22,500,000 | |||||||||||||||||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | 19,900,000 | |||||||||||||||||
Loan | 3.00 | CHG Building | 07/06/2017 | 06/06/2027 | No | 06/06/2027 | 296,412 | 3,556,945 | Hard | In Place | No | Yes - B | 1.56x | 1.47x | 0 | 6 | 91,200,000 | |||
Loan | 4.00 | Grand Hyatt Seattle(30) | 06/06/2017 | 06/06/2027 | No | 06/06/2027 | 200,243 | 2,402,917 | 332,403 | 3,988,842 | 117 | Hard | Springing | No | Yes - A | 2.40x | 2.07x | 0 | 6 | 242,300,000 |
Loan | 5.00 | Renaissance Seattle(30) | 06/06/2017 | 06/06/2027 | No | 06/06/2027 | 203,200 | 2,438,403 | 312,928 | 3,755,140 | 117 | Hard | Springing | No | Yes - A | 2.50x | 2.15x | 0 | 6 | 229,700,000 |
Loan | 6.00 | Mall of Louisiana(30) | 09/01/2017 | 08/01/2027 | No | 08/01/2027 | 238,247 | 2,858,960 | 1,310,357 | 15,724,280 | 35 | Hard | Springing | No | 1.94x | 1.85x | 0 | 1 | 570,000,000 | |
Loan | 7.00 | Colorado Center(30) | 09/09/2017 | 08/09/2027 | No | 08/09/2027 | 120,399 | 1,444,792 | 776,576 | 9,318,906 | 119 | Hard | Springing | No | 5.14x | 4.83x | 0 | 9 | 1,212,500,000 | |
Loan | 8.00 | 360 North Rodeo Drive | 07/06/2017 | 06/06/2027 | No | 06/06/2027 | 126,018 | 1,512,215 | 117 | Hard | Springing | No | 2.94x | 2.70x | 0 | 6 | 182,500,000 | |||
Loan | 9.00 | Parmer Office 3.2 | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 188,200 | 2,258,396 | 58 | Hard | Springing | No | 1.62x | 1.52x | 0 | 6 | 59,900,000 | |||
Loan | 10.00 | Freeway Industrial Park | 06/06/2017 | 05/06/2027 | No | 05/06/2027 | 167,990 | 2,015,876 | 32 | Soft Springing Hard | Springing | No | 1.47x | 1.35x | 0 | 6 | 49,750,000 | |||
Loan | 11.00 | Integrated Health Campus(30) | 10/01/2017 | 09/01/2027 | No | 09/01/2027 | 154,139 | 1,849,670 | 109,389 | 1,312,669 | 36 | Hard | Springing | No | 1.52x | 1.35x | 0 | 1 | 81,750,000 | |
Loan | 12.00 | Park Slope Court | 05/06/2017 | 04/06/2027 | No | 04/06/2027 | 131,464 | 1,577,571 | 115 | Soft | Springing | No | 1.28x | 1.27x | 0 | 6 | 40,600,000 | |||
Loan | 13.00 | The Landing | 07/06/2017 | 06/06/2027 | No | 06/06/2027 | 143,647 | 1,723,769 | 21 | Soft | Springing | No | 1.39x | 1.30x | 0 | 6 | 42,000,000 | |||
Loan | 14.00 | 16027 Ventura Boulevard | 10/06/2017 | 09/06/2027 | No | 09/06/2027 | 89,349 | 1,072,188 | 120 | Hard | Springing | No | 2.07x | 1.88x | 0 | 6 | 38,000,000 | |||
Loan | 15.00 | 2600 N. Ashton | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 130,013 | 1,560,159 | Hard | In Place | No | Yes - B | 1.43x | 1.33x | 0 | 6 | 39,090,000 | |||
Loan | 16.00 | Texarkana Pavilion | 10/06/2017 | 09/06/2027 | No | 09/06/2027 | 53,863 | 646,354 | 120 | Springing Hard | Springing | No | 3.81x | 3.32x | 0 | 6 | 35,000,000 | |||
Loan | 17.00 | Kihei Kalama Village | 11/06/2016 | 10/06/2026 | No | 10/06/2026 | 55,543 | 666,520 | 109 | Hard | Springing | No | 2.80x | 2.69x | 0 | 6 | 30,000,000 | |||
Loan | 18.00 | Spring River Business Park(32) | 01/06/2017 | 12/06/2026 | No | 12/06/2026 | 87,847 | 1,054,164 | 51 | Hard | Springing | No | 1.48x | 1.34x | 0 | 6 | 21,800,000 | |||
Loan | 19.00 | Shops on Sage | 04/06/2017 | 03/06/2027 | No | 03/06/2027 | 73,129 | 877,542 | 114 | Hard | Springing | No | 1.45x | 1.39x | 0 | 6 | 23,500,000 | |||
Loan | 20.00 | Oaks Apartment Portfolio | 06/06/2017 | 05/06/2027 | No | 05/06/2027 | 82,033 | 984,400 | 32 | Springing Soft | Springing | No | 1.33x | 1.22x | 0 | 6 | 20,500,000 | |||
Property | 20.01 | Oak Forest Apartments & Townhomes | 12,000,000 | |||||||||||||||||
Property | 20.02 | Oakwood Villas & Townhomes | 8,500,000 | |||||||||||||||||
Loan | 21.00 | Dunes Plaza | 09/06/2017 | 08/06/2027 | No | 08/06/2027 | 74,299 | 891,582 | Hard | Springing | No | 1.73x | 1.61x | 0 | 6 | 20,450,000 | ||||
Loan | 22.00 | One Independence Way | 10/06/2017 | 09/06/2027 | No | 09/06/2027 | 80,699 | 968,392 | Hard | Springing | No | 1.48x | 1.34x | 0 | 6 | 20,400,000 | ||||
Loan | 23.00 | 592-594 Dean Street | 10/06/2017 | 09/06/2027 | No | 09/06/2027 | 74,765 | 897,178 | 36 | Hard | Springing | No | 1.22x | 1.18x | 0 | 6 | 21,400,000 | |||
Loan | 24.00 | Fairway Lane Apartments | 12/06/2016 | 11/06/2026 | No | 11/06/2026 | 67,313 | 807,757 | 50 | Soft | In Place | No | 1.59x | 1.54x | 0 | 6 | 19,600,000 | |||
Loan | 25.00 | Texan Pearl | 04/06/2017 | 03/06/2027 | No | 03/06/2027 | 59,686 | 716,231 | 114 | Soft | Springing | No | 1.35x | 1.32x | 0 | 6 | 19,400,000 | |||
Loan | 26.00 | CVS & Walgreens Portfolio(31) | 06/06/2017 | 05/06/2027 | No | 05/06/2027 | 64,970 | 779,643 | 38 | Hard | Springing | No | 1.38x | 1.37x | 0 | 6 | 18,870,000 | |||
Property | 26.01 | Walgreen’s Rochester, MI | 7,690,000 | |||||||||||||||||
Property | 26.02 | CVS Coon Rapids MN | 6,050,000 | |||||||||||||||||
Property | 26.03 | Walgreen’s Norton, MA | 5,130,000 | |||||||||||||||||
Loan | 27.00 | Oak Manor Villas | 04/06/2017 | 03/06/2027 | No | 03/06/2027 | 67,444 | 809,328 | Soft | Springing | No | 1.43x | 1.40x | 0 | 6 | 16,500,000 | ||||
Loan | 28.00 | Amsdell All Star Self Storage | 07/06/2017 | 06/06/2027 | No | 06/06/2027 | 60,754 | 729,051 | 33 | Springing Soft | Springing | No | 1.33x | 1.31x | 0 | 6 | 16,420,000 | |||
Loan | 29.00 | Hampton Inn Daytona Beach(32) | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 57,569 | 690,826 | Hard | Springing | No | 1.96x | 1.74x | 0 | 6 | 16,500,000 | ||||
Loan | 30.00 | 1530 Meridian | 01/06/2017 | 12/06/2026 | No | 12/06/2026 | 59,394 | 712,725 | Hard | Springing | No | 1.45x | 1.34x | 0 | 6 | 17,000,000 | ||||
Loan | 31.00 | Fresenius Northeast Portfolio | 06/06/2017 | 05/06/2027 | No | 05/06/2027 | 51,488 | 617,860 | 56 | Hard | Springing | No | Yes - C | 1.56x | 1.55x | 0 | 6 | 15,165,000 | ||
Property | 31.01 | Fresenius Springfield | 6,100,000 | |||||||||||||||||
Property | 31.02 | Fresenius Cleveland | 4,640,000 | |||||||||||||||||
Property | 31.03 | Fresenius Scranton | 4,425,000 | |||||||||||||||||
Loan | 32.00 | Towne Center Shoppes | 05/06/2017 | 04/06/2027 | No | 04/06/2027 | 37,962 | 455,544 | 115 | Hard | Springing | No | 2.22x | 2.12x | 0 | 6 | 16,500,000 | |||
Loan | 33.00 | Rampart Village Center | 09/06/2017 | 08/06/2027 | No | 08/06/2027 | 45,218 | 542,615 | Hard | Springing | No | 1.43x | 1.29x | 0 | 6 | 12,050,000 | ||||
Loan | 34.00 | Fresenius Southern Portfolio | 07/06/2017 | 06/06/2027 | No | 06/06/2027 | 45,246 | 542,953 | 57 | Hard | Springing | No | Yes - C | 1.62x | 1.61x | 0 | 6 | 13,545,000 | ||
Property | 34.01 | Fresenius Pasadena | 5,670,000 | |||||||||||||||||
Property | 34.02 | Fresenius Bolivar | 4,200,000 | |||||||||||||||||
Property | 34.03 | Fresenius Deer Park | 3,675,000 | |||||||||||||||||
Loan | 35.00 | Packard Place | 06/06/2017 | 05/06/2027 | No | 05/06/2027 | 49,163 | 589,960 | Hard | Springing | No | 1.37x | 1.23x | 0 | 6 | 19,000,000 | ||||
Loan | 36.00 | Courtyard West Des Moines(32) | 09/06/2017 | 08/06/2027 | No | 08/06/2027 | 41,767 | 501,201 | 23 | Hard | Springing | No | 2.41x | 2.16x | 0 | 6 | 14,100,000 | |||
Loan | 37.00 | Bedford Park Shoppes | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 41,424 | 497,085 | Springing Hard | Springing | No | 1.73x | 1.64x | 0 | 6 | 11,100,000 | ||||
Loan | 38.00 | Tyler Mall Mini Storage | 09/06/2017 | 08/06/2027 | No | 08/06/2027 | 35,981 | 431,778 | Springing Hard | Springing | No | Yes - D | 1.49x | 1.46x | 0 | 6 | 11,240,000 | |||
Loan | 39.00 | Central Corporate Office | 09/06/2017 | 08/06/2027 | No | 08/06/2027 | 34,593 | 415,119 | 23 | Springing Hard | Springing | No | Yes - D | 1.81x | 1.69x | 0 | 6 | 11,480,000 | ||
Loan | 40.00 | Lexington Hotel Miami Beach | 06/06/2017 | 05/06/2027 | No | 05/06/2027 | 25,592 | 307,107 | 116 | Springing Hard | Springing | No | 4.17x | 3.56x | 0 | 6 | 30,250,000 | |||
Loan | 41.00 | Fresenius & DaVita CA Portfolio | 09/06/2017 | 08/06/2027 | No | 08/06/2027 | 29,115 | 349,383 | 59 | Hard | Springing | No | Yes - C | 1.79x | 1.78x | 0 | 6 | 10,450,000 | ||
Property | 41.01 | Fresenius Roseville | 6,430,000 | |||||||||||||||||
Property | 41.02 | DaVita Ceres | 4,020,000 | |||||||||||||||||
Loan | 42.00 | West Palm Small Bay Portfolio | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 21,469 | 257,629 | 118 | Soft Springing Hard | Springing | No | 1.95x | 1.76x | 0 | 6 | 7,650,000 | |||
Property | 42.01 | 6677 42nd Terrace N | 2,600,000 | |||||||||||||||||
Property | 42.02 | 4574 Dyer Boulevard | 2,900,000 | |||||||||||||||||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 2,150,000 |
A-1-2
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Loan per Net | |||||||||||||||
FIRREA | Cut-Off | Rentable Area | Units | Rentable Area | ||||||||||||
Appraisal | Compliant | Date LTV | LTV Ratio at | Year | Year | (SF/Units | of | (SF/Units/ | ||||||||
Property Flag | ID | Property Name | As-of Date | (Yes/No) | Ratio(9)(10)(12)(13) | Maturity or ARD(9)(10)(12)(13) | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Beds)(4) | Measure | Rooms/Beds) ($)(9)(10) |
Loan | 1.00 | 101 Ludlow | 08/30/2016 | Yes | 63.4% | 63.4% | 101 Ludlow Street | New York | New York | NY | 10002 | 2009 | NAP | 361 | Beds | 196,676 |
Loan | 2.00 | AHIP Northeast Portfolio II | Various | Yes | 56.2% | 51.4% | Various | Various | Various | Various | Various | Various | Various | 497 | Rooms | 116,097 |
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | 06/01/2018 | Yes | 7035 Arundel Mills Circle | Hanover | Anne Arundel | MD | 21076 | 2003 | 2016 | 131 | Rooms | 133,940 | ||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | 06/01/2018 | Yes | 1000 Bishops Gate Boulevard | Mount Laurel | Burlington | NJ | 08054 | 2007 | 2012, 2015 | 144 | Rooms | 113,257 | ||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | 06/01/2019 | Yes | 2031 Avenue C | Bethlehem | Lehigh | PA | 18017 | 2006 | 2012 | 113 | Rooms | 111,978 | ||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | 06/01/2018 | Yes | 7021 Arundel Mills Circle | Hanover | Anne Arundel | MD | 21076 | 2008 | 2015 | 109 | Rooms | 102,673 | ||
Loan | 3.00 | CHG Building | 04/03/2017 | Yes | 62.3% | 50.9% | 7259 South Bingham Junction Boulevard | Midvale | Salt Lake | UT | 84047 | 2017 | NAP | 281,712 | Sq. Ft. | 202 |
Loan | 4.00 | Grand Hyatt Seattle(30) | 03/08/2017 | Yes | 54.9% | 54.9% | 721 Pine Street | Seattle | King | WA | 98101 | 2001 | 2014 | 457 | Rooms | 291,028 |
Loan | 5.00 | Renaissance Seattle(30) | 03/08/2017 | Yes | 55.3% | 55.3% | 515 Madison Street | Seattle | King | WA | 98104 | 1978 | 2012-2017 | 557 | Rooms | 228,007 |
Loan | 6.00 | Mall of Louisiana(30) | 06/23/2017 | Yes | 57.0% | 49.3% | 6401 Bluebonnet Boulevard, and 9168 and 9330 Mall of Louisiana Boulevard | Baton Rouge | East Baton Rouge | LA | 70836 | 1997 | 2008 | 776,789 | Sq. Ft. | 418 |
Loan | 7.00 | Colorado Center(30) | 07/10/2017 | Yes | 24.6% | 24.6% | 2401, 2425, 2501 and 2525 Colorado Avenue; 2400, 2450 and 2500 Broadway | Santa Monica | Los Angeles | CA | 90404 | 1984-1991 | NAP | 1,176,161 | Sq. Ft. | 253 |
Loan | 8.00 | 360 North Rodeo Drive | 03/08/2017 | Yes | 20.8% | 20.8% | 360 North Rodeo Drive | Beverly Hills | Los Angeles | CA | 90210 | 1961 | 2011 | 6,859 | Sq. Ft. | 5,540 |
Loan | 9.00 | Parmer Office 3.2 | 06/15/2018 | Yes | 63.3% | 57.7% | 13011 McCallen Pass | Austin | Travis | TX | 78753 | 2015 | NAP | 191,689 | Sq. Ft. | 198 |
Loan | 10.00 | Freeway Industrial Park | 03/14/2017 | Yes | 64.3% | 56.7% | 1600-2060 Chicago Avenue & 1614-1616 Marlborough Avenue | Riverside | Riverside | CA | 92507 | 1975, 1980, 1981, 1982 | NAP | 481,201 | Sq. Ft. | 67 |
Loan | 11.00 | Integrated Health Campus(30) | 07/20/2017 | Yes | 64.8% | 56.5% | 240-250 Cetronia Road | Allentown | Lehigh | PA | 18104 | 2007-2008 | NAP | 300,197 | Sq. Ft. | 177 |
Loan | 12.00 | Park Slope Court | 02/28/2017 | Yes | 69.0% | 69.0% | 110 4th Avenue | Brooklyn | Kings | NY | 11217 | 2007 | NAP | 49 | Units | 571,429 |
Loan | 13.00 | The Landing | 03/21/2017 | Yes | 64.9% | 55.9% | 32107-32133 Lindero Canyon Road | Westlake Village | Los Angeles | CA | 91361 | 1968, 1975, 1984 | NAP | 105,042 | Sq. Ft. | 259 |
Loan | 14.00 | 16027 Ventura Boulevard | 10/01/2017 | Yes | 65.8% | 65.8% | 16027 Ventura Boulevard | Encino | Los Angeles | CA | 91436 | 1980 | 2017 | 112,435 | Sq. Ft. | 222 |
Loan | 15.00 | 2600 N. Ashton | 05/02/2017 | Yes | 54.8% | 38.8% | 2600 North Ashton Boulevard | Lehi | Utah | UT | 84043 | 2016 | NAP | 145,646 | Sq. Ft. | 147 |
Loan | 16.00 | Texarkana Pavilion | 04/30/2017 | Yes | 48.6% | 48.6% | 4200-4300 St. Michael Drive | Texarkana | Bowie | TX | 75503 | 2004 | NAP | 254,489 | Sq. Ft. | 67 |
Loan | 17.00 | Kihei Kalama Village | 09/01/2016 | Yes | 56.7% | 56.7% | 1935-1945 South Kihei Road | Kihei | Maui | HI | 96753 | 1944-1968, 2000 | 2002, 2013-2016 | 43,501 | Sq. Ft. | 391 |
Loan | 18.00 | Spring River Business Park(32) | 10/11/2016 | Yes | 72.0% | 66.8% | 2201-2211, 2301, 2303, 2305 & 2307 River Road | Louisville | Jefferson | KY | 40206 | 1999 | 2003 | 197,804 | Sq. Ft. | 79 |
Loan | 19.00 | Shops on Sage | 12/22/2016 | Yes | 65.1% | 65.1% | 2800 Sage Road | Houston | Harris | TX | 77056 | 2005 | NAP | 33,944 | Sq. Ft. | 451 |
Loan | 20.00 | Oaks Apartment Portfolio | 03/06/2017 | Yes | 73.2% | 65.0% | Various | Various | Various | Various | Various | 1985-1987 | 2017 | 315 | Units | 47,619 |
Property | 20.01 | Oak Forest Apartments & Townhomes | 03/06/2017 | Yes | 300 Twin Oaks Drive | Monroe | Monroe | MI | 48162 | 1985-1987 | 2017 | 172 | Units | 50,488 | ||
Property | 20.02 | Oakwood Villas & Townhomes | 03/06/2017 | Yes | 1559 Twin Oaks Drive | Toledo | Lucas | OH | 43615 | 1986-1987 | 2017 | 143 | Units | 44,168 | ||
Loan | 21.00 | Dunes Plaza | 05/26/2017 | Yes | 72.0% | 58.2% | 136-352 Dunes Plaza | Michigan City | LaPorte | IN | 46360 | 1974-1981 | 2015 | 155,242 | Sq. Ft. | 95 |
Loan | 22.00 | One Independence Way | 06/15/2017 | Yes | 71.1% | 59.0% | One Independence Way | South Brunswick | Middlesex | NJ | 08540 | 1982 | 2014-2016 | 113,998 | Sq. Ft. | 127 |
Loan | 23.00 | 592-594 Dean Street | 04/28/2017 | Yes | 64.5% | 58.7% | 592-594 Dean Street | Brooklyn | Kings | NY | 11217 | 1951 | 2015 | 30,677 | Sq. Ft. | 465 |
Loan | 24.00 | Fairway Lane Apartments | 10/11/2016 | Yes | 67.6% | 61.9% | 3873 Northwest Fairway Lane | Bremerton | Kitsap | WA | 98312 | 1988, 1994, 2008 | NAP | 134 | Units | 98,881 |
Loan | 25.00 | Texan Pearl | 02/15/2017 | Yes | 67.0% | 67.0% | 2515 Pearl Street | Austin | Travis | TX | 78705 | 2008 | NAP | 169 | Beds | 76,923 |
Loan | 26.00 | CVS & Walgreens Portfolio(31) | Various | Yes | 64.1% | 57.4% | Various | Various | Various | Various | Various | Various | NAP | 41,940 | Sq. Ft. | 289 |
Property | 26.01 | Walgreen’s Rochester, MI | 02/24/2017 | Yes | 1490 North Rochester Road | Rochester | Oakland | MI | 48307 | 2006 | NAP | 14,490 | Sq. Ft. | 336 | ||
Property | 26.02 | CVS Coon Rapids MN | 02/28/2017 | Yes | 10930 University Avenue Northwest | Coon Rapids | Anoka | MN | 55448 | 2006 | NAP | 12,900 | Sq. Ft. | 305 | ||
Property | 26.03 | Walgreen’s Norton, MA | 02/23/2017 | Yes | 38 West Main Street | Norton | Bristol | MA | 02766 | 2005 | NAP | 14,550 | Sq. Ft. | 226 | ||
Loan | 27.00 | Oak Manor Villas | 01/06/2017 | Yes | 71.1% | 59.9% | 2200 Hamman Road | Bay City | Matagorda | TX | 77414 | 2014, 2016 | NAP | 112 | Units | 104,731 |
Loan | 28.00 | Amsdell All Star Self Storage | 03/23/2017 | Yes | 68.2% | 61.8% | 9696 Virginia Parkway | McKinney | Collin | TX | 75071 | 2001 | NAP | 123,452 | Sq. Ft. | 93 |
Loan | 29.00 | Hampton Inn Daytona Beach(32) | 05/15/2018 | Yes | 67.1% | 54.8% | 1024 North Atlantic Avenue | Daytona Beach | Volusia | FL | 32118 | 1988 | 2013 | 91 | Rooms | 121,700 |
Loan | 30.00 | 1530 Meridian | 01/01/2017 | Yes | 61.1% | 53.3% | 1530 Meridian Avenue | San Jose | Santa Clara | CA | 95125 | 1976 | 2016 | 41,581 | Sq. Ft. | 262 |
Loan | 31.00 | Fresenius Northeast Portfolio | Various | Yes | 64.6% | 59.4% | Various | Various | Various | Various | Various | 2017 | NAP | 27,069 | Sq. Ft. | 362 |
Property | 31.01 | Fresenius Springfield | 02/06/2017 | Yes | 1515 State Street | Springfield | Hampden | MA | 01109 | 2017 | NAP | 10,165 | Sq. Ft. | 389 | ||
Property | 31.02 | Fresenius Cleveland | 03/10/2017 | Yes | 3280-3294 West 25th Street | Cleveland | Cuyahoga | OH | 44109 | 2017 | NAP | 9,800 | Sq. Ft. | 306 | ||
Property | 31.03 | Fresenius Scranton | 03/02/2017 | Yes | 321 Meridian Avenue | Scranton | Lackawanna | PA | 18504 | 2017 | NAP | 7,104 | Sq. Ft. | 400 | ||
Loan | 32.00 | Towne Center Shoppes | 02/03/2017 | Yes | 58.5% | 58.5% | 199 Mitchell Hammock Road | Oviedo | Seminole | FL | 32765 | 2000 | NAP | 64,587 | Sq. Ft. | 149 |
Loan | 33.00 | Rampart Village Center | 06/23/2017 | Yes | 68.8% | 59.3% | 7601-7689 North Union Boulevard | Colorado Springs | El Paso | CO | 80920 | 1985 | 2007 | 97,210 | Sq. Ft. | 90 |
Loan | 34.00 | Fresenius Southern Portfolio | Various | Yes | 64.9% | 59.5% | Various | Various | Various | Various | Various | Various | NAP | 28,045 | Sq. Ft. | 313 |
Property | 34.01 | Fresenius Pasadena | 04/10/2017 | Yes | 4901 East Sam Houston Parkway | Pasadena | Harris | TX | 77505 | 2016 | NAP | 11,570 | Sq. Ft. | 316 | ||
Property | 34.02 | Fresenius Bolivar | 04/04/2017 | Yes | 2101 West Broadway Street | Bolivar | Polk | MO | 65613 | 2017 | NAP | 8,141 | Sq. Ft. | 336 | ||
Property | 34.03 | Fresenius Deer Park | 04/10/2017 | Yes | 4625 Center Street | Deer Park | Harris | TX | 77536 | 2016 | NAP | 8,334 | Sq. Ft. | 287 | ||
Loan | 35.00 | Packard Place | 04/03/2017 | Yes | 43.9% | 34.1% | 222 South Church Street | Charlotte | Mecklenburg | NC | 28202 | 1928 | 1952 | 84,166 | Sq. Ft. | 104 |
Loan | 36.00 | Courtyard West Des Moines(32) | 06/02/2017 | Yes | 59.6% | 50.7% | 410 South 68th Street | West Des Moines | Dallas | IA | 50266 | 2008 | 2017 | 102 | Rooms | 82,353 |
Loan | 37.00 | Bedford Park Shoppes | 05/18/2017 | Yes | 71.9% | 58.6% | 7250 South Cicero Avenue | Bedford Park | Cook | IL | 60629 | 2007 | NAP | 36,988 | Sq. Ft. | 216 |
Loan | 38.00 | Tyler Mall Mini Storage | 06/08/2017 | Yes | 63.6% | 51.4% | 10090 Indiana Avenue | Riverside | Riverside | CA | 92503 | 1984 | NAP | 90,776 | Sq. Ft. | 79 |
Loan | 39.00 | Central Corporate Office | 06/09/2017 | Yes | 60.1% | 51.2% | 3400 Central Avenue | Riverside | Riverside | CA | 92506 | 1990 | NAP | 48,547 | Sq. Ft. | 142 |
Loan | 40.00 | Lexington Hotel Miami Beach | 04/01/2017 | Yes | 21.5% | 21.5% | 4299 Collins Avenue | Miami Beach | Miami-Dade | FL | 33140 | 1950 | 2017 | 143 | Rooms | 45,455 |
Loan | 41.00 | Fresenius & DaVita CA Portfolio | Various | Yes | 54.5% | 50.0% | Various | Various | Various | CA | Various | Various | NAP | 16,200 | Sq. Ft. | 352 |
Property | 41.01 | Fresenius Roseville | 05/24/2017 | Yes | 1781 Santa Clara Drive | Roseville | Placer | CA | 95661 | 2017 | NAP | 7,200 | Sq. Ft. | 487 | ||
Property | 41.02 | DaVita Ceres | 05/18/2017 | Yes | 1424 East Whitmore Avenue | Ceres | Stanislaus | CA | 95307 | 2016 | NAP | 9,000 | Sq. Ft. | 244 | ||
Loan | 42.00 | West Palm Small Bay Portfolio | 05/05/2017 | Yes | 65.4% | 65.4% | Various | Riviera Beach | Palm Beach | FL | 33407 | Various | Various | 95,720 | Sq. Ft. | 52 |
Property | 42.01 | 6677 42nd Terrace N | 05/05/2017 | Yes | 6677-6687 North 42nd Terrace | Riviera Beach | Palm Beach | FL | 33407 | 1997 | NAP | 34,520 | Sq. Ft. | 52 | ||
Property | 42.02 | 4574 Dyer Boulevard | 05/05/2017 | Yes | 4574 Dyer Boulevard | Riviera Beach | Palm Beach | FL | 33407 | 1982 | 2016 | 33,600 | Sq. Ft. | 52 | ||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 05/05/2017 | Yes | 4249, 4255 & 4261 Westroads Drive | Riviera Beach | Palm Beach | FL | 33407 | 1978 | NAP | 27,600 | Sq. Ft. | 53 |
A-1-3
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second Most | Second | Second | Second | Third Most | Third | Third | Third | ||||||||||||
Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | ||||
Property Flag | ID | Property Name | (# of payments)(14)(15)(16) | Statements Date(24) | EGI ($) | Expenses($) | NOI($) | Statements Date(24) | EGI($) | Expenses($) | NOI($) | Statements Date(24) | EGI($) | Expenses($) | NOI($) | Debt Yield(9)(10)(12) | Debt Yield(9)(10)(12) | Revenue($) | |
Loan | 1.00 | 101 Ludlow | L(34), D(82), O(4) | T-12 3/31/2017 | 7,697,637 | 2,491,403 | 5,206,234 | 12/31/2016 | 7,666,150 | 2,490,701 | 5,175,449 | 12/31/2015 | 7,476,725 | 2,385,725 | 5,091,001 | 7.0% | 6.9% | 5,608,078 | |
Loan | 2.00 | AHIP Northeast Portfolio II | L(26), D(90), O(4) | T-12 3/31/2017 | 20,035,295 | 11,414,731 | 8,620,564 | 12/31/2016 | 19,788,708 | 11,288,196 | 8,500,512 | 12/31/2015 | 19,787,981 | 11,214,330 | 8,573,651 | 14.7% | 13.3% | 19,512,606 | |
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | T-12 3/31/2017 | 5,680,875 | 3,093,108 | 2,587,767 | 12/31/2016 | 5,516,492 | 3,049,267 | 2,467,225 | 12/31/2015 | 5,781,113 | 3,063,539 | 2,717,574 | 5,591,807 | ||||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | T-12 3/31/2017 | 5,490,717 | 3,138,636 | 2,352,081 | 12/31/2016 | 5,552,202 | 3,148,381 | 2,403,821 | 12/31/2015 | 5,562,295 | 3,157,219 | 2,405,076 | 5,425,225 | ||||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | T-12 3/31/2017 | 4,799,135 | 2,908,420 | 1,890,715 | 12/31/2016 | 4,689,474 | 2,813,868 | 1,875,606 | 12/31/2015 | 4,406,304 | 2,732,047 | 1,674,257 | 4,502,897 | ||||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | T-12 3/31/2017 | 4,064,568 | 2,274,567 | 1,790,001 | 12/31/2016 | 4,030,540 | 2,276,680 | 1,753,860 | 12/31/2015 | 4,038,269 | 2,261,525 | 1,776,744 | 3,992,677 | ||||
Loan | 3.00 | CHG Building | L(27), D(89), O(4) | 9.8% | 9.2% | 8,085,134 | |||||||||||||
Loan | 4.00 | Grand Hyatt Seattle(30) | L(28), D(89), O(4) | T-12 7/31/2017 | 42,788,196 | 27,115,070 | 15,673,126 | 12/31/2016 | 42,069,129 | 26,736,438 | 15,332,691 | 12/31/2015 | 40,411,207 | 25,893,073 | 14,518,134 | 11.5% | 10.0% | 42,417,056 | |
Loan | 5.00 | Renaissance Seattle(30) | L(28), D(89), O(4) | T-12 7/31/2017 | 43,749,318 | 26,882,301 | 16,867,017 | 12/31/2016 | 42,150,053 | 26,056,984 | 16,093,069 | 12/31/2015 | 40,908,326 | 25,083,570 | 15,824,756 | 12.2% | 10.5% | 43,449,808 | |
Loan | 6.00 | Mall of Louisiana(30) | L(25), D(91), O(4) | T-12 4/30/2017 | 42,205,123 | 7,209,498 | 34,995,625 | 12/31/2016 | 42,235,214 | 7,196,737 | 35,038,477 | 12/31/2015 | 41,979,974 | 7,399,438 | 34,580,536 | 11.1% | 10.6% | 43,806,234 | |
Loan | 7.00 | Colorado Center(30) | L(25), D(88), O(7) | 12/31/2016 | 40,968,828 | 17,405,107 | 23,563,721 | 12/31/2015 | 49,031,481 | 18,916,122 | 30,115,359 | 12/31/2014 | 64,597,706 | 20,072,749 | 44,524,957 | 18.6% | 17.4% | 64,673,869 | |
Loan | 8.00 | 360 North Rodeo Drive | L(27), D(89), O(4) | T-12 4/30/2017 | 12,074,824 | 7,490,846 | 4,583,978 | 12/31/2016 | 12,160,615 | 7,284,139 | 4,876,476 | 12/31/2015 | 12,105,723 | 7,206,494 | 4,899,229 | 11.7% | 10.8% | 12,188,659 | |
Loan | 9.00 | Parmer Office 3.2 | L(26), DorYM1(90), O(4) | T-12 5/31/2017 | 1,279,851 | 1,213,844 | 66,007 | 12/31/2016 | 213,308 | 1,021,303 | -807,995 | 9.6% | 9.1% | 6,360,376 | |||||
Loan | 10.00 | Freeway Industrial Park | L(28), D(89), O(3) | T-12 6/30/2017 | 3,678,163 | 850,595 | 2,827,568 | 12/31/2016 | 3,208,404 | 791,386 | 2,417,018 | 9.2% | 8.5% | 3,846,053 | |||||
Loan | 11.00 | Integrated Health Campus(30) | L(24), D(92), O(4) | T-12 6/30/2017 | 8,125,297 | 2,984,001 | 5,141,296 | 12/31/2016 | 8,279,923 | 2,880,753 | 5,399,170 | 12/31/2015 | 8,470,281 | 3,088,915 | 5,381,366 | 9.1% | 8.1% | 6,004,489 | |
Loan | 12.00 | Park Slope Court | L(29), D(87), O(4) | T-12 2/28/2017 | 2,561,379 | 250,346 | 2,311,033 | 12/31/2016 | 2,561,380 | 250,320 | 2,311,060 | 12/31/2015 | 2,568,645 | 315,510 | 2,253,135 | 7.2% | 7.1% | 2,311,320 | |
Loan | 13.00 | The Landing | L(27), D(89), O(4) | T-12 2/28/2017 | 3,317,541 | 1,099,963 | 2,217,578 | 12/31/2016 | 3,261,649 | 1,070,219 | 2,191,430 | 12/31/2015 | 3,347,370 | 1,021,550 | 2,325,820 | 8.8% | 8.2% | 3,650,885 | |
Loan | 14.00 | 16027 Ventura Boulevard | L(24), D(92), O(4) | T-12 3/31/2017 | 3,019,990 | 1,311,000 | 1,708,990 | 12/31/2016 | 2,764,598 | 1,271,010 | 1,493,588 | 12/31/2015 | 2,911,296 | 1,301,996 | 1,609,300 | 8.9% | 8.1% | 3,526,539 | |
Loan | 15.00 | 2600 N. Ashton | L(26), D(90), O(4) | 10.4% | 9.7% | 2,887,796 | |||||||||||||
Loan | 16.00 | Texarkana Pavilion | L(24), D(92), O(4) | T-12 7/31/2017 | 2,753,459 | 825,798 | 1,927,661 | 12/31/2016 | 3,033,090 | 844,376 | 2,188,715 | 12/31/2015 | 2,691,974 | 819,779 | 1,872,194 | 14.5% | 12.6% | 3,654,688 | |
Loan | 17.00 | Kihei Kalama Village | L(35), D(81), O(4) | T-12 2/28/2017 | 2,991,646 | 1,391,774 | 1,599,872 | 12/31/2016 | 2,988,657 | 1,418,835 | 1,569,822 | 12/31/2015 | 2,941,630 | 1,326,403 | 1,615,227 | 11.0% | 10.5% | 2,616,070 | |
Loan | 18.00 | Spring River Business Park(32) | L(33), D(84), O(3) | T-12 8/31/2016 | 2,264,606 | 555,997 | 1,708,609 | 12/31/2015 | 2,179,202 | 533,758 | 1,645,443 | 12/31/2014 | 2,104,455 | 506,614 | 1,597,841 | 9.9% | 9.0% | 2,336,083 | |
Loan | 19.00 | Shops on Sage | L(30), D(86), O(4) | 12/31/2016 | 1,759,543 | 573,143 | 1,186,400 | 12/31/2015 | 1,628,564 | 449,334 | 1,179,230 | 12/31/2014 | 1,597,502 | 428,265 | 1,169,237 | 8.3% | 8.0% | 1,366,131 | |
Loan | 20.00 | Oaks Apartment Portfolio | L(28), D(88), O(4) | T-12 2/28/2017 | 2,772,798 | 1,452,526 | 1,320,272 | 12/31/2016 | 2,769,201 | 1,386,839 | 1,382,363 | 12/31/2015 | 2,706,880 | 1,431,514 | 1,275,366 | 8.7% | 8.0% | 2,906,505 | |
Property | 20.01 | Oak Forest Apartments & Townhomes | T-12 2/28/2017 | 1,489,152 | 792,052 | 697,100 | 12/31/2016 | 1,488,131 | 760,635 | 727,496 | 12/31/2015 | 1,508,737 | 737,379 | 771,358 | 1,622,116 | ||||
Property | 20.02 | Oakwood Villas & Townhomes | T-12 2/28/2017 | 1,283,646 | 660,474 | 623,172 | 12/31/2016 | 1,281,071 | 626,204 | 654,867 | 12/31/2015 | 1,198,143 | 694,136 | 504,008 | 1,284,389 | ||||
Loan | 21.00 | Dunes Plaza | L(25), D(90), O(5) | T-12 4/30/2017 | 2,049,749 | 588,144 | 1,461,605 | 12/31/2016 | 2,055,995 | 567,138 | 1,488,857 | 12/31/2015 | 1,802,845 | 537,100 | 1,265,745 | 10.5% | 9.7% | 2,307,920 | |
Loan | 22.00 | One Independence Way | L(24), D(89), O(7) | 9.9% | 8.9% | 2,689,264 | |||||||||||||
Loan | 23.00 | 592-594 Dean Street | L(24), D(92), O(4) | T-12 3/31/2017 | 438,583 | 133,425 | 305,158 | 12/31/2016 | 162,258 | 125,876 | 36,382 | 7.9% | 7.7% | 1,288,525 | |||||
Loan | 24.00 | Fairway Lane Apartments | L(34), D(82), O(4) | T-12 3/31/2017 | 2,125,008 | 803,914 | 1,321,094 | 12/31/2016 | 2,080,834 | 796,542 | 1,284,292 | 12/31/2015 | 1,881,232 | 774,654 | 1,106,578 | 9.7% | 9.4% | 2,118,353 | |
Loan | 25.00 | Texan Pearl | L(30), D(87), O(3) | T-12 1/31/2017 | 1,852,927 | 766,989 | 1,085,938 | 12/31/2016 | 1,868,792 | 806,487 | 1,062,305 | 12/31/2015 | 1,775,183 | 754,100 | 1,021,083 | 7.5% | 7.3% | 1,677,960 | |
Loan | 26.00 | CVS & Walgreens Portfolio(31) | L(28), D(88), O(4) | T-12 1/31/2017 | 1,096,351 | 2,921 | 1,093,430 | 12/31/2016 | 1,098,406 | 2,921 | 1,095,485 | 12/31/2015 | 1,096,351 | 8,264 | 1,088,087 | 8.9% | 8.9% | 1,096,351 | |
Property | 26.01 | Walgreen’s Rochester, MI | T-12 1/31/2017 | 445,000 | 445,000 | 12/31/2016 | 445,000 | 445,000 | 12/31/2015 | 445,000 | 445,000 | 445,000 | |||||||
Property | 26.02 | CVS Coon Rapids MN | T-12 1/31/2017 | 351,351 | 2,921 | 348,430 | 12/31/2016 | 353,406 | 2,921 | 350,485 | 12/31/2015 | 351,351 | 8,264 | 343,087 | 351,351 | ||||
Property | 26.03 | Walgreen’s Norton, MA | T-12 1/31/2017 | 300,000 | 300,000 | 12/31/2016 | 300,000 | 300,000 | 12/31/2015 | 300,000 | 300,000 | 300,000 | |||||||
Loan | 27.00 | Oak Manor Villas | L(30), D(86), O(4) | T-12 5/31/2017 | 1,928,003 | 735,973 | 1,192,030 | 12/31/2016 | 1,847,348 | 749,935 | 1,097,413 | 9.9% | 9.7% | 1,966,764 | |||||
Loan | 28.00 | Amsdell All Star Self Storage | L(27), D(89), O(4) | T-12 2/28/2017 | 1,447,485 | 418,907 | 1,028,578 | 12/31/2016 | 1,446,157 | 395,865 | 1,050,292 | 12/31/2015 | 1,307,936 | 404,271 | 903,665 | 8.7% | 8.6% | 1,749,780 | |
Loan | 29.00 | Hampton Inn Daytona Beach(32) | L(26), D(89), O(5) | T-12 3/31/2017 | 3,793,448 | 2,411,769 | 1,381,679 | 12/31/2016 | 3,777,565 | 2,385,621 | 1,391,944 | 12/31/2015 | 3,532,827 | 2,261,583 | 1,271,244 | 12.2% | 10.9% | 3,723,966 | |
Loan | 30.00 | 1530 Meridian | L(33), D(83), O(4) | 9.9% | 9.2% | 1,453,258 | |||||||||||||
Loan | 31.00 | Fresenius Northeast Portfolio | L(28), D(89), O(3) | 9.8% | 9.8% | 963,180 | |||||||||||||
Property | 31.01 | Fresenius Springfield | 387,286 | ||||||||||||||||
Property | 31.02 | Fresenius Cleveland | 298,698 | ||||||||||||||||
Property | 31.03 | Fresenius Scranton | 277,196 | ||||||||||||||||
Loan | 32.00 | Towne Center Shoppes | L(29), D(88), O(3) | T-12 1/31/2017 | 1,349,303 | 339,054 | 1,010,249 | 12/31/2016 | 1,338,796 | 322,596 | 1,016,200 | 12/31/2015 | 1,280,807 | 278,300 | 1,002,507 | 10.5% | 10.0% | 1,213,311 | |
Loan | 33.00 | Rampart Village Center | L(25), D(92), O(3) | T-12 4/30/2017 | 1,255,559 | 361,120 | 894,439 | 12/31/2016 | 1,376,945 | 341,152 | 1,035,793 | 12/31/2015 | 1,320,120 | 312,521 | 1,007,599 | 9.3% | 8.5% | 1,451,713 | |
Loan | 34.00 | Fresenius Southern Portfolio | L(27), D(90), O(3) | 10.0% | 10.0% | 879,285 | |||||||||||||
Property | 34.01 | Fresenius Pasadena | 347,026 | ||||||||||||||||
Property | 34.02 | Fresenius Bolivar | 295,788 | ||||||||||||||||
Property | 34.03 | Fresenius Deer Park | 236,471 | ||||||||||||||||
Loan | 35.00 | Packard Place | L(28), D(89), O(3) | 12/31/2016 | 1,504,931 | 657,985 | 846,946 | 12/31/2015 | 1,437,348 | 607,882 | 829,466 | 12/31/2014 | 1,214,381 | 551,391 | 662,990 | 9.7% | 8.7% | 1,866,683 | |
Loan | 36.00 | Courtyard West Des Moines(32) | L(25), D(91), O(4) | T-12 5/31/2017 | 3,174,400 | 1,984,318 | 1,190,082 | 12/31/2016 | 3,387,925 | 2,021,015 | 1,366,910 | 12/31/2015 | 3,509,622 | 2,090,570 | 1,419,052 | 14.4% | 12.9% | 2,946,283 | |
Loan | 37.00 | Bedford Park Shoppes | L(26), D(90), O(4) | T-12 4/30/2017 | 1,457,013 | 657,953 | 799,060 | 12/31/2016 | 1,380,034 | 638,659 | 741,375 | 12/31/2015 | 1,411,450 | 636,805 | 774,645 | 10.8% | 10.2% | 822,317 | |
Loan | 38.00 | Tyler Mall Mini Storage | L(25), D(92), O(3) | T-12 5/31/2017 | 891,126 | 243,972 | 647,154 | 12/31/2016 | 856,881 | 233,753 | 623,128 | 12/31/2015 | 778,893 | 240,063 | 538,830 | 9.0% | 8.8% | 934,404 | |
Loan | 39.00 | Central Corporate Office | L(25), D(92), O(3) | T-12 5/31/2017 | 776,250 | 327,287 | 448,963 | 12/31/2016 | 737,721 | 328,097 | 409,624 | 12/31/2015 | 887,136 | 328,419 | 558,717 | 10.9% | 10.2% | 1,239,390 | |
Loan | 40.00 | Lexington Hotel Miami Beach | L(28), D(88), O(4) | T-12 4/30/2017 | 4,779,936 | 3,490,886 | 1,289,050 | 12/31/2016 | 4,964,253 | 3,698,608 | 1,265,645 | 12/31/2015 | 5,563,267 | 3,946,290 | 1,616,977 | 19.7% | 16.8% | 4,738,513 | |
Loan | 41.00 | Fresenius & DaVita CA Portfolio | L(25), D(92), O(3) | 10.9% | 10.9% | 635,502 | |||||||||||||
Property | 41.01 | Fresenius Roseville | 406,566 | ||||||||||||||||
Property | 41.02 | DaVita Ceres | 228,936 | ||||||||||||||||
Loan | 42.00 | West Palm Small Bay Portfolio | L(26), D(90), O(4) | T-12 3/31/2017 | 658,924 | 200,798 | 458,126 | 12/31/2016 | 670,727 | 266,588 | 404,139 | 12/31/2015 | 578,178 | 233,596 | 344,582 | 10.1% | 9.0% | 764,492 | |
Property | 42.01 | 6677 42nd Terrace N | T-12 3/31/2017 | 232,696 | 69,954 | 162,742 | 12/31/2016 | 241,931 | 105,500 | 136,431 | 12/31/2015 | 197,443 | 95,642 | 101,801 | 276,373 | ||||
Property | 42.02 | 4574 Dyer Boulevard | T-12 3/31/2017 | 252,844 | 60,332 | 192,512 | 12/31/2016 | 234,080 | 73,444 | 160,636 | 12/31/2015 | 200,770 | 61,936 | 138,834 | 261,947 | ||||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | T-12 3/31/2017 | 173,384 | 70,512 | 102,872 | 12/31/2016 | 194,716 | 87,644 | 107,072 | 12/31/2015 | 179,965 | 76,018 | 103,947 | 226,173 |
A-1-4
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | ||||||
Property Flag | ID | Property Name | EGI($) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(17) | Expiration(17) | Extension Terms(17) | Largest Tenant(18)(20)(21)(22) | SF | Expiration | 2nd Largest Tenant(18)(19)(20)(22)(23) |
Loan | 1.00 | 101 Ludlow | 7,612,337 | 2,642,580 | 4,969,756 | 81,225 | 4,888,531 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 2.00 | AHIP Northeast Portfolio II | 19,909,020 | 11,442,551 | 8,466,470 | 796,361 | 7,670,109 | Fee Simple | |||||||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | 5,728,920 | 3,153,225 | 2,575,694 | 229,157 | 2,346,538 | Fee Simple | NAP | NAP | NAP | NAP | |||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | 5,529,828 | 3,141,616 | 2,388,212 | 221,193 | 2,167,019 | Fee Simple | NAP | NAP | NAP | NAP | |||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | 4,604,682 | 2,869,826 | 1,734,856 | 184,187 | 1,550,669 | Fee Simple | NAP | NAP | NAP | NAP | |||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | 4,045,591 | 2,277,884 | 1,767,707 | 161,824 | 1,605,883 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 3.00 | CHG Building | 7,575,771 | 2,014,527 | 5,561,244 | 56,342 | 280,066 | 5,224,836 | Fee Simple | CHG Healthcare Services, Inc. | 281,712 | 4/30/2029 | NAP | ||
Loan | 4.00 | Grand Hyatt Seattle(30) | 42,417,056 | 27,058,428 | 15,358,629 | 2,120,853 | 13,237,776 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 5.00 | Renaissance Seattle(30) | 43,449,808 | 27,961,003 | 15,488,805 | 2,172,490 | 13,316,315 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 6.00 | Mall of Louisiana(30) | 43,215,234 | 7,152,311 | 36,062,923 | 155,358 | 1,473,928 | 34,433,637 | Fee Simple | AMC Theatres | 74,400 | 07/21/2026 | Dick’s Sporting Goods | ||
Loan | 7.00 | Colorado Center(30) | 73,131,018 | 17,770,483 | 55,360,535 | 235,232 | 3,160,223 | 51,965,081 | Fee Simple | HULU | 261,823 | 11/15/2021 | Edmunds.com | ||
Loan | 8.00 | 360 North Rodeo Drive | 12,188,659 | 7,746,702 | 4,441,957 | 353,829 | 4,088,128 | Fee Simple | Gearys | 3,675 | 1/31/2022 | Michael Kors | |||
Loan | 9.00 | Parmer Office 3.2 | 6,042,357 | 2,388,006 | 3,654,351 | 28,753 | 192,647 | 3,432,951 | Fee Simple | NSTX, Inc. | 93,967 | 11/30/2026 | Blue Apron, Inc. | ||
Loan | 10.00 | Freeway Industrial Park | 3,862,797 | 908,093 | 2,954,704 | 72,180 | 153,984 | 2,728,540 | Fee Simple | County of Riverside | 34,704 | 12/15/2023 | Alcal Specialty Contracting Inc | ||
Loan | 11.00 | Integrated Health Campus(30) | 7,970,549 | 3,163,584 | 4,806,966 | 75,049 | 450,296 | 4,281,621 | Fee Simple | Orthopedic Associates of Allentown, LTD. D/B/A - Orthopedic Specialists | 116,617 | 06/30/2026 | St Luke’s Hospital of Bethlehem, Pennsylvania D/B/A St. Luke’s University Health Network | ||
Loan | 12.00 | Park Slope Court | 2,478,137 | 464,496 | 2,013,641 | 17,101 | 1,996,540 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 13.00 | The Landing | 3,647,544 | 1,256,125 | 2,391,420 | 26,261 | 120,798 | 2,244,361 | Fee Simple | Jones Trading | 11,686 | 11/30/2020 | Zin Bistro Americana (Sabzin Inc.) | ||
Loan | 14.00 | 16027 Ventura Boulevard | 3,547,291 | 1,327,239 | 2,220,053 | 22,487 | 182,991 | 2,014,574 | Fee Simple | Life Alert Emergency Response, Inc. | 34,660 | 07/31/2022 | CBS Studios, Inc. | ||
Loan | 15.00 | 2600 N. Ashton | 3,580,632 | 1,343,084 | 2,237,548 | 29,129 | 132,538 | 2,075,881 | Leasehold | 10/31/2066 | None | Solutionreach, Inc. | 145,646 | 4/30/2027 | NAP |
Loan | 16.00 | Texarkana Pavilion | 3,350,767 | 885,741 | 2,465,026 | 62,311 | 254,489 | 2,148,225 | Fee Simple | CNMK Texas Propertie | 47,320 | 11/30/2019 | (TJ Maxx) The TJX Co | ||
Loan | 17.00 | Kihei Kalama Village | 3,286,900 | 1,422,783 | 1,864,117 | 10,440 | 62,641 | 1,791,035 | Fee Simple | Volcan Bar & Grill | 5,900 | 6/30/2022 | Three’s Catering LLC | ||
Loan | 18.00 | Spring River Business Park(32) | 2,247,544 | 687,870 | 1,559,675 | 49,451 | 98,902 | 1,411,322 | Fee Simple | Assured Neace Lukens Insurance Agency, Inc. | 44,465 | 4/30/2023 | Munson Business Interiors, Inc. | ||
Loan | 19.00 | Shops on Sage | 1,861,357 | 593,192 | 1,268,165 | 6,789 | 42,769 | 1,218,606 | Fee Simple | The Liveable Kitchen/Sub-Zero Wolf | 10,552 | 08/31/2020 | Tango and Malbec | ||
Loan | 20.00 | Oaks Apartment Portfolio | 2,797,609 | 1,487,064 | 1,310,545 | 105,525 | 1,205,020 | Fee Simple | |||||||
Property | 20.01 | Oak Forest Apartments & Townhomes | 1,511,235 | 806,973 | 704,262 | 57,620 | 646,642 | Fee Simple | NAP | NAP | NAP | NAP | |||
Property | 20.02 | Oakwood Villas & Townhomes | 1,286,374 | 680,091 | 606,283 | 47,905 | 558,378 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 21.00 | Dunes Plaza | 2,188,844 | 645,827 | 1,543,017 | 31,048 | 77,621 | 1,434,348 | Fee Simple | Ross Dress for less | 25,000 | 01/01/2025 | TJ Maxx | ||
Loan | 22.00 | One Independence Way | 2,420,338 | 984,850 | 1,435,488 | 28,500 | 113,998 | 1,292,991 | Fee Simple | S&P | 74,845 | 02/28/2028 | ALK | ||
Loan | 23.00 | 592-594 Dean Street | 1,315,779 | 224,810 | 1,090,969 | 4,602 | 25,000 | 1,061,368 | Fee Simple | Industrious | 18,770 | 02/28/2026 | United States Postal Service | ||
Loan | 24.00 | Fairway Lane Apartments | 2,179,767 | 892,472 | 1,287,295 | 46,900 | 1,240,395 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 25.00 | Texan Pearl | 1,813,296 | 844,028 | 969,268 | 25,350 | 943,918 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 26.00 | CVS & Walgreens Portfolio(31) | 1,189,139 | 115,138 | 1,074,001 | 2,580 | 1,071,421 | Fee Simple | |||||||
Property | 26.01 | Walgreen’s Rochester, MI | 445,000 | 13,350 | 431,650 | 431,650 | Fee Simple | Walgreens | 14,490 | 8/31/2031 | NAP | ||||
Property | 26.02 | CVS Coon Rapids MN | 444,139 | 92,788 | 351,351 | 2,580 | 348,771 | Fee Simple | CVS | 12,900 | 1/31/2032 | NAP | |||
Property | 26.03 | Walgreen’s Norton, MA | 300,000 | 9,000 | 291,000 | 291,000 | Fee Simple | Walgreens | 14,550 | 9/30/2031 | NAP | ||||
Loan | 27.00 | Oak Manor Villas | 1,872,778 | 712,683 | 1,160,095 | 28,000 | 1,132,095 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 28.00 | Amsdell All Star Self Storage | 1,447,485 | 476,576 | 970,909 | 12,345 | 958,564 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 29.00 | Hampton Inn Daytona Beach(32) | 3,783,245 | 2,429,481 | 1,353,764 | 151,330 | 1,202,434 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 30.00 | 1530 Meridian | 1,428,352 | 396,404 | 1,031,948 | 10,396 | 65,700 | 955,853 | Fee Simple | Abbott, Stringham & Lynch | 24,011 | 10/31/2021 | CPI | ||
Loan | 31.00 | Fresenius Northeast Portfolio | 992,969 | 29,789 | 963,180 | 4,060 | 959,120 | Fee Simple | |||||||
Property | 31.01 | Fresenius Springfield | 399,264 | 11,978 | 387,286 | 1,525 | 385,761 | Fee Simple | Fresenius Springfield | 10,165 | 1/31/2032 | NAP | |||
Property | 31.02 | Fresenius Cleveland | 307,936 | 9,238 | 298,698 | 1,470 | 297,228 | Fee Simple | Springfield Cleveland | 9,800 | 12/31/2031 | NAP | |||
Property | 31.03 | Fresenius Scranton | 285,769 | 8,573 | 277,196 | 1,066 | 276,130 | Fee Simple | Fresenius Scranton | 7,104 | 2/28/2032 | NAP | |||
Loan | 32.00 | Towne Center Shoppes | 1,458,022 | 445,897 | 1,012,125 | 34,877 | 11,626 | 965,622 | Fee Simple | L.A. Fitness | 44,268 | 08/31/2031 | Delmonico’s Italian Steakhouse Restaurant | ||
Loan | 33.00 | Rampart Village Center | 1,136,733 | 361,728 | 775,005 | 14,582 | 58,088 | 702,335 | Fee Simple | Gold’s Gym International | 55,142 | 09/30/2022 | Good Company | ||
Loan | 34.00 | Fresenius Southern Portfolio | 906,479 | 27,194 | 879,285 | 4,207 | 875,078 | Fee Simple | |||||||
Property | 34.01 | Fresenius Pasadena | 357,759 | 10,733 | 347,026 | 1,736 | 345,291 | Fee Simple | Pasadena | 11,570 | 4/30/2031 | NAP | |||
Property | 34.02 | Fresenius Bolivar | 304,936 | 9,148 | 295,788 | 1,221 | 294,567 | Fee Simple | Bolivar | 8,141 | 2/10/2032 | NAP | |||
Property | 34.03 | Fresenius Deer Park | 243,785 | 7,314 | 236,471 | 1,250 | 235,221 | Fee Simple | Deer Park | 8,334 | 5/31/2031 | NAP | |||
Loan | 35.00 | Packard Place | 1,408,672 | 598,210 | 810,461 | 18,667 | 67,809 | 723,986 | Fee Simple | HQ Charlotte | 15,574 | 04/30/2029 | Cardinal Solutions | ||
Loan | 36.00 | Courtyard West Des Moines(32) | 3,174,400 | 1,966,723 | 1,207,677 | 126,976 | 1,080,701 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 37.00 | Bedford Park Shoppes | 1,539,205 | 676,847 | 862,358 | 7,190 | 41,370 | 813,798 | Fee Simple | Guitar Center | 18,538 | 01/31/2022 | Sprint Inc | ||
Loan | 38.00 | Tyler Mall Mini Storage | 891,126 | 247,365 | 643,761 | 13,616 | 630,145 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 39.00 | Central Corporate Office | 1,099,498 | 346,228 | 753,270 | 3,398 | 47,308 | 702,564 | Fee Simple | First American Title | 7,968 | 05/31/2020 | Homebridge Financial | ||
Loan | 40.00 | Lexington Hotel Miami Beach | 4,738,513 | 3,457,204 | 1,281,308 | 189,541 | 1,091,768 | Fee Simple | NAP | NAP | NAP | NAP | |||
Loan | 41.00 | Fresenius & DaVita CA Portfolio | 643,010 | 19,290 | 623,719 | 2,025 | 621,694 | Fee Simple | |||||||
Property | 41.01 | Fresenius Roseville | 419,140 | 12,574 | 406,566 | 900 | 405,666 | Fee Simple | Fresenius | 7,200 | 02/29/2032 | NAP | |||
Property | 41.02 | DaVita Ceres | 223,869 | 6,716 | 217,153 | 1,125 | 216,028 | Fee Simple | DaVita | 9,000 | 02/28/2031 | NAP | |||
Loan | 42.00 | West Palm Small Bay Portfolio | 805,917 | 302,893 | 503,024 | 19,144 | 31,588 | 452,292 | Fee Simple | ||||||
Property | 42.01 | 6677 42nd Terrace N | 292,864 | 113,210 | 179,654 | 6,904 | 11,392 | 161,359 | Fee Simple | Top Shelf Auto | 4,800 | 5/31/2022 | Thaddeus T Christon | ||
Property | 42.02 | 4574 Dyer Boulevard | 276,681 | 101,033 | 175,648 | 6,720 | 11,088 | 157,840 | Fee Simple | JP Auto Repairs & Peroul Joseph | 4,200 | 07/31/2024 | L&S Import and Export, Inc. | ||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 236,372 | 88,650 | 147,721 | 5,520 | 9,108 | 133,093 | Fee Simple | Best Auto Choices | 4,400 | 4/30/2025 | Jorge Usma Silva |
A-1-5
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Lease | Lease | Lease | Lease | ||||||||||
Property Flag | ID | Property Name | SF | Expiration | 3rd Largest Tenant(20)(22)(23) | SF | Expiration | 4th Largest Tenant(20) | SF | Expiration | 5th Largest Tenant(20) | SF | Expiration |
Loan | 1.00 | 101 Ludlow | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 2.00 | AHIP Northeast Portfolio II | |||||||||||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 3.00 | CHG Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 4.00 | Grand Hyatt Seattle(30) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 5.00 | Renaissance Seattle(30) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 6.00 | Mall of Louisiana(30) | 74,061 | 01/31/2019 | Main Event | 46,900 | 06/30/2028 | Nordstrom Rack | 30,002 | 09/30/2025 | Forever 21 | 26,885 | 01/31/2019 |
Loan | 7.00 | Colorado Center(30) | 197,812 | 01/31/2028 | Kite Pharma, Inc. | 159,310 | 07/31/2032 | Rubin Postaer | 186,894 | 12/31/2025 | HBO | 128,273 | 06/30/2019 |
Loan | 8.00 | 360 North Rodeo Drive | 3,100 | 9/30/2020 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 9.00 | Parmer Office 3.2 | 65,222 | 08/31/2022 | Trusource Labs, LLC | 32,500 | 04/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 10.00 | Freeway Industrial Park | 20,083 | 7/31/2020 | Innovative Design & Sheet Metal Products Inc | 20,023 | 7/31/2021 | Tech Lift International | 10,669 | 9/30/2020 | Tri-Ed Distribution Inc | 9,804 | 5/31/2021 |
Loan | 11.00 | Integrated Health Campus(30) | 50,114 | 09/30/2028 | Lehigh Valley Health Network | 39,857 | 06/30/2026 | Surgery Center of Allentown, LLC | 25,654 | 03/31/2027 | Aesthetic Surgery Associates | 8,924 | 06/30/2026 |
Loan | 12.00 | Park Slope Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 13.00 | The Landing | 5,567 | 5/31/2026 | Boccaccio’s (leraci & Sadraie) | 4,391 | 7/31/2022 | Virtual Research Corp. | 4,263 | 3/31/2019 | Robertson & Associates | 4,150 | 1/31/2023 |
Loan | 14.00 | 16027 Ventura Boulevard | 9,604 | 05/31/2018 | Dunn & Pariser, CPA | 8,328 | 01/08/2024 | Bank of the West | 7,513 | 08/31/2019 | Carsey Werner Company | 6,720 | 12/31/2018 |
Loan | 15.00 | 2600 N. Ashton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 16.00 | Texarkana Pavilion | 26,000 | 01/31/2027 | Burke’s Outlet Store | 21,170 | 01/31/2026 | FGB Enterprises, LLC | 20,388 | 08/31/2022 | Best Buy Stores, LP | 20,044 | 01/31/2020 |
Loan | 17.00 | Kihei Kalama Village | 4,432 | 7/31/2025 | Life’s A Beach Inc. | 2,168 | 12/31/2017 | Maui Exclusive Partners LLC | 1,800 | 8/31/2018 | Barry Allison (Kihei Café) | 1,686 | 08/31/2018 |
Loan | 18.00 | Spring River Business Park(32) | 22,286 | 12/31/2022 | U.S. Specialties | 12,200 | 2/28/2019 | CGB AgriFinancal, Inc. | 10,238 | 11/30/2021 | Capture Higher Education | 10,226 | 12/31/2019 |
Loan | 19.00 | Shops on Sage | 7,000 | 11/30/2020 | Sage 400 Japanese Restaurant | 3,800 | 01/31/2021 | Kharisma Hair Studio | 3,100 | 02/28/2018 | Burger Place | 2,392 | 05/31/2021 |
Loan | 20.00 | Oaks Apartment Portfolio | |||||||||||
Property | 20.01 | Oak Forest Apartments & Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 20.02 | Oakwood Villas & Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 21.00 | Dunes Plaza | 24,000 | 04/01/2024 | Office Max | 14,389 | 03/01/2025 | PetSmart | 12,157 | 09/01/2024 | Ulta | 10,189 | 09/01/2024 |
Loan | 22.00 | One Independence Way | 39,153 | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 23.00 | 592-594 Dean Street | 9,027 | 02/28/2026 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 24.00 | Fairway Lane Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 25.00 | Texan Pearl | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 26.00 | CVS & Walgreens Portfolio(31) | |||||||||||
Property | 26.01 | Walgreen’s Rochester, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 26.02 | CVS Coon Rapids MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 26.03 | Walgreen’s Norton, MA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 27.00 | Oak Manor Villas | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 28.00 | Amsdell All Star Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 29.00 | Hampton Inn Daytona Beach(32) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 30.00 | 1530 Meridian | 6,315 | 11/30/2028 | OPTM | 6,182 | 8/31/2021 | Bill McCan | 1,818 | 12/31/2017 | Vabad, Inc. | 1,040 | 7/31/2019 |
Loan | 31.00 | Fresenius Northeast Portfolio | |||||||||||
Property | 31.01 | Fresenius Springfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 31.02 | Fresenius Cleveland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 31.03 | Fresenius Scranton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 32.00 | Towne Center Shoppes | 6,142 | 04/14/2032 | Berkshire Hathaway Home Services of Florida Realty | 2,395 | 12/31/2017 | TJ’s Seafodd Shack | 2,022 | 09/30/2018 | Prime Nutrition | 1,220 | 01/31/2022 |
Loan | 33.00 | Rampart Village Center | 5,130 | 09/30/2018 | Tiger Rock Martial Arts | 3,600 | 01/31/2023 | Petrie’s Family Games | 3,036 | 02/28/2020 | Rampart Liquor | 2,400 | 11/30/2024 |
Loan | 34.00 | Fresenius Southern Portfolio | |||||||||||
Property | 34.01 | Fresenius Pasadena | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 34.02 | Fresenius Bolivar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 34.03 | Fresenius Deer Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 35.00 | Packard Place | 11,205 | 08/06/2019 | Ink ‘n’ Ivy | 5,991 | 09/30/2024 | GHD | 5,714 | 06/30/2022 | GSA | 5,662 | 03/31/2021 |
Loan | 36.00 | Courtyard West Des Moines(32) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 37.00 | Bedford Park Shoppes | 4,500 | 11/30/2022 | Bank of America | 4,050 | 11/29/2021 | National Vision | 2,900 | 01/29/2022 | Bedford Dental LLC | 2,750 | 02/29/2028 |
Loan | 38.00 | Tyler Mall Mini Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 39.00 | Central Corporate Office | 4,914 | 08/31/2018 | AltaPacific Bank | 4,670 | 07/31/2021 | Inland Empire Media Group | 4,049 | 08/31/2022 | Academy Mortgage Corporation | 3,558 | 08/31/2020 |
Loan | 40.00 | Lexington Hotel Miami Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 41.00 | Fresenius & DaVita CA Portfolio | |||||||||||
Property | 41.01 | Fresenius Roseville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 41.02 | DaVita Ceres | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 42.00 | West Palm Small Bay Portfolio | |||||||||||
Property | 42.01 | 6677 42nd Terrace N | 4,340 | 12/31/2022 | Federated Consulting Inc | 3,880 | 5/31/2022 | Novelek Technology Inc | 2,900 | 2/28/2022 | Nitiphat Nick Phewfhad | 2,900 | 2/14/2022 |
Property | 42.02 | 4574 Dyer Boulevard | 4,200 | 07/31/2022 | Charles G Banton | 4,200 | 08/31/2019 | Tal Moore | 4,200 | 12/31/2017 | Florida Studio Millworks | 4,200 | 09/30/2017 |
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 4,000 | 12/21/2022 | Lymage Joseph | 2,600 | 3/31/2022 | Rob Korkes | 2,400 | 04/30/2022 | Kumar Seepersad | 2,400 | 12/31/2019 |
A-1-6
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | |||||
Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | ||||
Property Flag | ID | Property Name | Occupancy(4)(23) | As-of Date | Reserves($)(25)(27) | Reserves ($)(26)(27)(28) | Reserves ($)(25) | Reserves ($)(26)(27) | Reserves ($)(25) | Reserves ($)(26) | Reserves($)(25) | Reserves ($)(26) |
Loan | 1.00 | 101 Ludlow | 100.0% | 03/01/2017 | 250,000 | 6,769 | 1,152,180 | 192,030 | 105,710 | 9,610 | ||
Loan | 2.00 | AHIP Northeast Portfolio II | 88.9% | 03/31/2017 | Springing | 452,158 | 30,000 | Springing | ||||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | 90.4% | 03/31/2017 | ||||||||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | 86.6% | 03/31/2017 | ||||||||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | 90.8% | 03/31/2017 | ||||||||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | 88.2% | 03/31/2017 | ||||||||
Loan | 3.00 | CHG Building | 100.0% | 09/06/2017 | 4,964 | 400,000 | 61,000 | Springing | ||||
Loan | 4.00 | Grand Hyatt Seattle(30) | 86.8% | 07/31/2017 | Springing | Springing | Springing | |||||
Loan | 5.00 | Renaissance Seattle(30) | 85.0% | 07/31/2017 | 178,608 | 95,000 | 116,000 | 280,000 | 28,000 | |||
Loan | 6.00 | Mall of Louisiana(30) | 91.8% | 06/30/2017 | Springing | Springing | Springing | Springing | ||||
Loan | 7.00 | Colorado Center(30) | 91.5% | 07/01/2017 | 25,193,502 | Springing | Springing | |||||
Loan | 8.00 | 360 North Rodeo Drive | 83.0% | 05/01/2017 | Springing | 98,257 | 8,188 | 46,000 | 3,833 | |||
Loan | 9.00 | Parmer Office 3.2 | 100.0% | 05/31/2017 | 2,396 | 15,974 | 603,568 | 75,446 | Springing | |||
Loan | 10.00 | Freeway Industrial Park | 96.5% | 08/01/2017 | 6,015 | 100,000 | 12,030 | 56,643 | 28,321 | 63,605 | 5,782 | |
Loan | 11.00 | Integrated Health Campus(30) | 84.9% | 08/01/2017 | 6,254 | 560,428 | 37,525 | 362,431 | 90,608 | 73,896 | 7,390 | |
Loan | 12.00 | Park Slope Court | 100.0% | 02/01/2017 | 1,425 | 8,153 | 1,631 | 37,425 | 3,402 | |||
Loan | 13.00 | The Landing | 91.4% | 02/28/2017 | 2,188 | 4,377 | 48,325 | 16,110 | Springing | |||
Loan | 14.00 | 16027 Ventura Boulevard | 88.4% | 04/01/2017 | 1,874 | �� | On each monthly payment date through and including the payment date in September 2019, $14,054; On each monthly payment date through and including the payment date in September 2021, $28,109 | 169,015 | 28,169 | Springing | ||
Loan | 15.00 | 2600 N. Ashton | 100.0% | 09/06/2017 | 2,427 | 172,000 | 23,000 | Springing | ||||
Loan | 16.00 | Texarkana Pavilion | 84.2% | 07/30/2017 | 5,193 | 200,000 | 20,770 | 439,717 | 39,974 | Springing | ||
Loan | 17.00 | Kihei Kalama Village | 92.1% | 04/17/2017 | 866 | 3,625 | 19,000 | 6,000 | 98,000 | 9,900 | ||
Loan | 18.00 | Spring River Business Park(32) | 97.7% | 04/01/2017 | 4,121 | 500,000 | Springing | 14,400 | 5,589 | |||
Loan | 19.00 | Shops on Sage | 100.0% | 01/03/2017 | 566 | 300,000 | Springing | 70,000 | 29,600 | 15,000 | 1,500 | |
Loan | 20.00 | Oaks Apartment Portfolio | 96.5% | 04/24/2017 | 1,430,000 | 8,794 | 134,000 | 28,400 | 7,000 | 7,100 | ||
Property | 20.01 | Oak Forest Apartments & Townhomes | 95.9% | 04/24/2017 | ||||||||
Property | 20.02 | Oakwood Villas & Townhomes | 97.2% | 04/24/2017 | ||||||||
Loan | 21.00 | Dunes Plaza | 84.4% | 04/30/2017 | 2,587 | 6,468 | 106,894 | 26,724 | Springing | |||
Loan | 22.00 | One Independence Way | 100.0% | 06/01/2017 | 2,375 | 5,727,784 | Springing | 40,000 | 20,000 | Springing | ||
Loan | 23.00 | 592-594 Dean Street | 90.6% | 03/31/2017 | 384 | 2,083 | 44,940 | 14,980 | 8,978 | 2,993 | ||
Loan | 24.00 | Fairway Lane Apartments | 97.0% | 05/01/2017 | 3,908 | 11,000 | 16,000 | 5,000 | 2,000 | |||
Loan | 25.00 | Texan Pearl | 100.0% | 01/03/2017 | 2,113 | 75,000 | 31,800 | 25,000 | 3,100 | |||
Loan | 26.00 | CVS & Walgreens Portfolio(31) | 100.0% | 09/06/2017 | 215 | Springing | Springing | |||||
Property | 26.01 | Walgreen’s Rochester, MI | 100.0% | 09/06/2017 | ||||||||
Property | 26.02 | CVS Coon Rapids MN | 100.0% | 09/06/2017 | ||||||||
Property | 26.03 | Walgreen’s Norton, MA | 100.0% | 09/06/2017 | ||||||||
Loan | 27.00 | Oak Manor Villas | 92.9% | 05/01/2017 | 2,333 | 100,000 | 22,145 | 39,260 | 6,543 | |||
Loan | 28.00 | Amsdell All Star Self Storage | 81.2% | 03/16/2017 | 1,029 | 150,971 | 15,097 | Springing | ||||
Loan | 29.00 | Hampton Inn Daytona Beach(32) | 77.5% | 03/31/2017 | The borrower is required to deposit an amount equal to the greatest of (i)(x) with respect to each monthly payment date through and including the monthly payment date in July 2018, 2.0% of the rents for the property for the prior month, (y) with respect to each monthly payment date occuring in August 2018 through and including the monthly payment date occuring in July 2020, 3.0% of the rents for the prior months rents and (z) 4.0%, thereafter, (ii) the then-current amount required by the management agreement and (ii) the then-current amount required by the franchise agreement. | 49,827 | 6,228 | Springing | ||||
Loan | 30.00 | 1530 Meridian | 96.5% | 06/21/2017 | 866 | 75,000 | 5,198 | 46,500 | 12,250 | 2,500 | 1,500 | |
Loan | 31.00 | Fresenius Northeast Portfolio | 100.0% | 09/06/2017 | 27,069 | Springing | 5,000 | 16,000 | 800 | |||
Property | 31.01 | Fresenius Springfield | 100.0% | 09/06/2017 | ||||||||
Property | 31.02 | Fresenius Cleveland | 100.0% | 09/06/2017 | ||||||||
Property | 31.03 | Fresenius Scranton | 100.0% | 09/06/2017 | ||||||||
Loan | 32.00 | Towne Center Shoppes | 96.2% | 06/01/2017 | 2,906 | 700,000 | 2,691 | 80,376 | 16,075 | 13,800 | 4,600 | |
Loan | 33.00 | Rampart Village Center | 84.2% | 06/23/2017 | 1,215 | 9,721 | 23,158 | 11,579 | 60,164 | 5,014 | ||
Loan | 34.00 | Fresenius Southern Portfolio | 100.0% | 09/06/2017 | 28,045 | 467 | 354,823 | 30,000 | 4,200 | 3,400 | 1,200 | |
Property | 34.01 | Fresenius Pasadena | 100.0% | 09/06/2017 | ||||||||
Property | 34.02 | Fresenius Bolivar | 100.0% | 09/06/2017 | ||||||||
Property | 34.03 | Fresenius Deer Park | 100.0% | 09/06/2017 | ||||||||
Loan | 35.00 | Packard Place | 77.2% | 05/01/2017 | 96,000 | 1,556 | 125,000 | 7,014 | 68,736 | 6,874 | 13,425 | 2,237 |
Loan | 36.00 | Courtyard West Des Moines(32) | 62.5% | 05/31/2017 | 1/12 of 2.0% of annual gross income from operations for the Payment Dates occuring in September 2017 through August 2018; 1/12 of 3.0% of annual gross income from operations for the Payment Dates occuring in September 2018 through August 2019; thereafter 1/12 of 4.0% of annual gross income from operations. | 108,566 | 18,094 | 23,337 | 2,334 | |||
Loan | 37.00 | Bedford Park Shoppes | 100.0% | 12/31/2016 | 599 | 4,167 | 257,516 | 43,647 | Springing | |||
Loan | 38.00 | Tyler Mall Mini Storage | 93.4% | 06/30/2017 | 1,135 | 26,395 | 3,771 | 6,061 | 551 | |||
Loan | 39.00 | Central Corporate Office | 88.4% | 06/01/2017 | 607 | 200,000 | Springing | 49,242 | 7,035 | 3,926 | 785 | |
Loan | 40.00 | Lexington Hotel Miami Beach | 78.7% | 04/30/2017 | Springing | 65,000 | 16,700 | Springing | ||||
Loan | 41.00 | Fresenius & DaVita CA Portfolio | 100.0% | 09/06/2017 | 20,250 | Springing | 18,500 | 5,500 | 3,000 | 525 | ||
Property | 41.01 | Fresenius Roseville | 100.0% | 09/06/2017 | ||||||||
Property | 41.02 | DaVita Ceres | 100.0% | 09/06/2017 | ||||||||
Loan | 42.00 | West Palm Small Bay Portfolio | 99.2% | 03/28/2017 | 1,595 | 3,988 | 81,043 | 9,005 | 4,224 | 4,224 | ||
Property | 42.01 | 6677 42nd Terrace N | 100.0% | 03/28/2017 | ||||||||
Property | 42.02 | 4574 Dyer Boulevard | 100.0% | 03/28/2017 | ||||||||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 97.1% | 03/28/2017 |
A-1-7
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | Other | Environmental | ||||||||
Engineering | Other | Reserves | Report | Engineering | Loan | |||||
Property Flag | ID | Property Name | Reserve($)(25) | Reserves ($)(25)(26)(29) | Description | Date | Report Date | Purpose | Sponsor | |
Loan | 1.00 | 101 Ludlow | 10/18/2016 | 09/29/2016 | Refinance | Charles Blaichman; Richard Born; Scott Sabbagh | ||||
Loan | 2.00 | AHIP Northeast Portfolio II | 1,975,474 | PIP Reserve (Upfront: 1,975,474) | Acquisition | American Hotel Income Properties REIT Inc. | ||||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | 05/10/2017 | 05/11/2017 | ||||||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | 05/16/2017 | 05/16/2017 | ||||||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | 05/10/2017 | 05/10/2017 | ||||||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | 05/10/2017 | 05/10/2017 | ||||||
Loan | 3.00 | CHG Building | 4,513,101 | Project Expense Reserve (Upfront: 304,693); Free Rent Reserve (Upfront: 3,135,881); Special Rollover Reserve (Upfront: 1,072,526) | 05/08/2017 | 04/13/2017 | Refinance | Gardner Property Holdings, L.C. | ||
Loan | 4.00 | Grand Hyatt Seattle(30) | 03/15/2017 | 03/15/2017 | Refinance | Hedreen Holdings LLC | ||||
Loan | 5.00 | Renaissance Seattle(30) | 2,866,271 | PIP Reserve (Upfront: 2,866,271) | 03/16/2017 | 03/16/2017 | Refinance | Hedreen Holdings LLC | ||
Loan | 6.00 | Mall of Louisiana(30) | 07/24/2017 | 07/20/2017 | Recapitalization | GGP Real Estate Holding I, Inc. | ||||
Loan | 7.00 | Colorado Center(30) | 20,761,186 | Gap Rent and Free Rent Obligation Reserve (Upfront: $20,761,186) | 07/18/2017 | 07/18/2017 | Recapitalization | Boston Properties Limited Partnership; Teachers Insurance and Annuity Association of America | ||
Loan | 8.00 | 360 North Rodeo Drive | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | 03/09/2017 | 03/09/2017 | Refinance | Efrem Harkham | ||
Loan | 9.00 | Parmer Office 3.2 | 8,250 | 693,634 | Free Rent Reserve (Upfront: $693,634) | 06/30/2017 | 06/29/2017 | Acquisition | Kawa Capital Partners LLC | |
Loan | 10.00 | Freeway Industrial Park | 32,150 | 03/27/2017 | 03/27/2017 | Refinance | John R. Saunders | |||
Loan | 11.00 | Integrated Health Campus(30) | Springing | Lease Sweep Reserve (Monthly: Springing) | 07/28/2017 | 07/27/2017 | Refinance | Thomas D. Meade; James N. Gentile; Clay W. Hamlin, III | ||
Loan | 12.00 | Park Slope Court | 02/21/2017 | 02/21/2017 | Refinance | Domenick Tonacchio | ||||
Loan | 13.00 | The Landing | 128,531 | Springing | Free Rent Reserve (Upfront: 128,531); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | 04/06/2017 | 04/06/2017 | Refinance | Kevin Pitts; Peter Snowden | |
Loan | 14.00 | 16027 Ventura Boulevard | 459,130 | Unfunded Obligations Reserve (Upfront: $459,130) | 05/09/2017 | 05/08/2017 | Refinance | David Y. Lee | ||
Loan | 15.00 | 2600 N. Ashton | 167,684 | Special Rollover Reserve: Springing; Ground Lease Reserve: 27,500 | Ground Rent Reserve (Upfront: $27,500); Free Rent Reserve (Upfront: $140,184); Special Rollover Reserve (Monthly Springing: Excess Cash Flow) | 04/26/2017 | 04/24/2017 | Refinance | Kem C. Gardner Family, L.C.; The Boyer Company, L.C. | |
Loan | 16.00 | Texarkana Pavilion | 30,725 | Springing | Lease Sweep Reserve (Monthly: Springing) | 05/04/2017 | 05/04/2017 | Refinance | Michel Kucinski | |
Loan | 17.00 | Kihei Kalama Village | 26,203 | 5,850 | Springing | Rent Abatement Reserve (Upfront: 5,850); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | 09/23/2016 | 09/22/2016 | Refinance | Stephen B. Metter |
Loan | 18.00 | Spring River Business Park(32) | 13,625 | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | 10/19/2016 | 12/01/2016 | Acquisition | D. Talmage Hocker | |
Loan | 19.00 | Shops on Sage | 350 | 01/10/2017 | 12/30/2016 | Refinance | Sanford P. Aron | |||
Loan | 20.00 | Oaks Apartment Portfolio | Acquisition | Shawn Stafford | ||||||
Property | 20.01 | Oak Forest Apartments & Townhomes | 03/14/2017 | 03/14/2017 | ||||||
Property | 20.02 | Oakwood Villas & Townhomes | 03/14/2017 | 03/14/2017 | ||||||
Loan | 21.00 | Dunes Plaza | 594,225 | Springing | Five Below Holdback Reserve (Upfront: 594,225); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 05/30/2017 | 05/26/2017 | Refinance | Chris G. Sotos; Jason P.C. Smith | |
Loan | 22.00 | One Independence Way | 2,625 | 2,131,350 | Springing | Free Rent Reserve (Upfront: $2,131,350); Special Rollover Reserve (Sprigning Monthly: Excess Cash Flow) | 06/19/2017 | 06/16/2017 | Refinance | NJ Portfolio JV LLC |
Loan | 23.00 | 592-594 Dean Street | 450,000 | Springing | Retail Space Holdback (Upfront: 450,000); Lease Sweep Reserve (Monthly: Springing) | 05/23/2017 | 05/22/2017 | Refinance | Serabjit Singh Malhotra | |
Loan | 24.00 | Fairway Lane Apartments | 400,000 | 10/13/2016 | 10/14/2016 | Refinance | Jack T. Chamberlain | |||
Loan | 25.00 | Texan Pearl | 40,180 | 11/16/2016 | 02/16/2017 | Refinance | Edward M. Ely | |||
Loan | 26.00 | CVS & Walgreens Portfolio(31) | 40,000 | Springing | Additional Walgreens Reserve (Upfront: $40,000); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | Refinance | Roger Zlotoff | |||
Property | 26.01 | Walgreen’s Rochester, MI | 04/07/2017 | 03/08/2017 | ||||||
Property | 26.02 | CVS Coon Rapids MN | 03/29/2017 | 03/08/2017 | ||||||
Property | 26.03 | Walgreen’s Norton, MA | 03/17/2017 | 03/08/2017 | ||||||
Loan | 27.00 | Oak Manor Villas | 01/12/2017 | 01/11/2017 | Refinance | Jeff H. Farmer III; Fredrick W. Van Nest | ||||
Loan | 28.00 | Amsdell All Star Self Storage | 300,000 | Property Costs Holdback Reserve (Upfront: $300,000) | 03/17/2017 | 03/15/2017 | Acquisition | Robert J. Amsdell; Barry L. Amsdell | ||
Loan | 29.00 | Hampton Inn Daytona Beach(32) | 1,380,000 | PIP Reserve (Upfront: 1,380,000) | 05/15/2017 | 05/15/2017 | Acquisition | Driftwood Acquisition & Development L.P. | ||
Loan | 30.00 | 1530 Meridian | 1,129,707 | Springing | Budgeted Work Reserve (Upfront: 550,499); ASL Occupancy Holdback (Upfront: 500,000); Debt Service Reserve (Upfront: 79,208); Special Rollover Reserve (Monthly Springing: Excess Cash Flow) | 10/20/2016 | 12/14/2016 | Refinance | Chris Prohaska; Kirk McKinney; Leonard A. Rifkind; Sardool S. Samra; Walter Gil | |
Loan | 31.00 | Fresenius Northeast Portfolio | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | Acquisition | Louis J. Rogers | ||||
Property | 31.01 | Fresenius Springfield | 04/07/2017 | 03/21/2017 | ||||||
Property | 31.02 | Fresenius Cleveland | 04/07/2017 | 03/08/2017 | ||||||
Property | 31.03 | Fresenius Scranton | 04/07/2017 | 03/08/2017 | ||||||
Loan | 32.00 | Towne Center Shoppes | 27,813 | 250,000 | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow); Delmonico’s Reserve (Upfront: $250,000) | 02/09/2017 | 01/30/2017 | Acquisition | David A. Corsetti |
Loan | 33.00 | Rampart Village Center | 1,606,513 | Roof Reserve (Upfront: $1,072,500); Economic Holdback Reserve (Upfront: $500,000); Unfunded Obligations (Upfront: $34,013) | 06/23/2017 | 06/23/2017 | Refinance | Sheila M. Venezia | ||
Loan | 34.00 | Fresenius Southern Portfolio | 52,500 | 351,714 | Springing | Management Fee Reserve (Upfront: 351,714); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | Acquisition | Louis J. Rogers | ||
Property | 34.01 | Fresenius Pasadena | 04/12/2017 | 04/12/2017 | ||||||
Property | 34.02 | Fresenius Bolivar | 04/12/2017 | 04/12/2017 | ||||||
Property | 34.03 | Fresenius Deer Park | 04/12/2017 | 04/12/2017 | ||||||
Loan | 35.00 | Packard Place | 400,000 | Economic Holdback Reserve ($400,000) | 04/30/2017 | 04/13/2017 | Refinance | Daniel J. Roselli; Sara G. Roselli | ||
Loan | 36.00 | Courtyard West Des Moines(32) | 160,000 | PIP Reserve (Upfront: $160,000) | 06/06/2017 | 06/06/2017 | Acquisition | Vamsikrishna Bonthala; Sheenal Patel | ||
Loan | 37.00 | Bedford Park Shoppes | 38,177 | Springing | Jimmy John’s Rent Reserve (Upfront: 25,000); Bedford Dental Rent Reserve (Upfront: 13,177); TIF Reserve (One-time: Springing); Lease Sweep Funds (Monthly: Springing) | 03/23/2017 | 03/17/2017 | Refinance | Francis Greenburger | |
Loan | 38.00 | Tyler Mall Mini Storage | 31,875 | 06/19/2017 | 08/02/2017 | Refinance | Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust | |||
Loan | 39.00 | Central Corporate Office | 79,473 | 317,895 | Designated Replacement Reserve ($215,700); Free Rent Reserve ($54,387); Unfunded Obligations Reserve ($47,808) | 06/19/2017 | 06/20/2017 | Refinance | Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust | |
Loan | 40.00 | Lexington Hotel Miami Beach | 46,800 | 950,000 | PIP Reserve (Upfront: 950,000) | 03/31/2017 | 03/30/2017 | Refinance | Charles Neiss | |
Loan | 41.00 | Fresenius & DaVita CA Portfolio | 261,664 | Springing | Management Fee Reserve (Upfront: 261,664) | Acquisition | Louis J. Rogers | |||
Property | 41.01 | Fresenius Roseville | 05/30/2017 | 05/31/2017 | ||||||
Property | 41.02 | DaVita Ceres | 05/25/2017 | 05/31/2017 | ||||||
Loan | 42.00 | West Palm Small Bay Portfolio | 11,400 | 06/06/2017 | 05/16/2017 | Acquisition | James Wilson; Richard Zantzinger | |||
Property | 42.01 | 6677 42nd Terrace N | 06/06/2017 | 05/16/2017 | ||||||
Property | 42.02 | 4574 Dyer Boulevard | 06/06/2017 | 05/16/2017 | ||||||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive | 06/06/2017 | 05/16/2017 |
A-1-8
COMM 2017_COR2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Existing | Future Debt | |||||||||
Additional Sub Debt | Permitted | |||||||||
Property Flag | ID | Property Name | Guarantor | Previous Securitization | Non-Trust Pari Passu Original Balance | Non-Trust Pari Passu Cut-off Date Balance | Non-Trust Pari Passu Balloon Balance | Amount | Existing Additional Sub Debt Description | Type |
Loan | 1.00 | 101 Ludlow | Charles Blaichman, Richard Born, Scott Sabbagh | GSMS 2012-GCJ7 | NAP | |||||
Loan | 2.00 | AHIP Northeast Portfolio II | American Hotel Income Properties REIT Inc. | NAP | ||||||
Property | 2.01 | Residence Inn - Arundel Mills BWI Airport | ||||||||
Property | 2.02 | Residence Inn - Mount Laurel at Bishop’s Gate | ||||||||
Property | 2.03 | Homewood Suites - Allentown-Bethlehem Airport | ||||||||
Property | 2.04 | TownePlace Suites - Arundel Mills BWI Airport | �� | |||||||
Loan | 3.00 | CHG Building | Gardner Property Holdings, L.C. | NAP | ||||||
Loan | 4.00 | Grand Hyatt Seattle(30) | Hedreen Holdings LLC | 83,000,000 | 83,000,000 | 83,000,000 | NAP | |||
Loan | 5.00 | Renaissance Seattle(30) | Hedreen Holdings LLC | 77,000,000 | 77,000,000 | 77,000,000 | NAP | |||
Loan | 6.00 | Mall of Louisiana(30) | GGP Real Estate Holding I, Inc. | MLMT 2006-C1 | 275,000,000 | 275,000,000 | 237,762,537 | NAP | ||
Loan | 7.00 | Colorado Center(30) | NAP | 258,000,000 | 258,000,000 | 258,000,000 | 252,000,000 | B-Note | NAP | |
Loan | 8.00 | 360 North Rodeo Drive | Efrem Harkham | NAP | ||||||
Loan | 9.00 | Parmer Office 3.2 | Kawa Capital Partners LLC | NAP | ||||||
Loan | 10.00 | Freeway Industrial Park | John R. Saunders | NAP | ||||||
Loan | 11.00 | Integrated Health Campus(30) | Thomas D. Meade; James N. Gentile; Clay W. Hamlin, III | WBCMT 2007-C34 | 22,000,000 | 22,000,000 | 19,183,283 | NAP | ||
Loan | 12.00 | Park Slope Court | Domenick Tonacchio | NAP | ||||||
Loan | 13.00 | The Landing | Kevin Pitts; Peter Snowden | CGCMT 2007-C6 | NAP | |||||
Loan | 14.00 | 16027 Ventura Boulevard | David Y. Lee | NAP | ||||||
Loan | 15.00 | 2600 N. Ashton | Kem C. Gardner Family, L.C., The Boyer Company, L.C. | NAP | ||||||
Loan | 16.00 | Texarkana Pavilion | Michel Kucinski | CD 2007-CD4 | NAP | |||||
Loan | 17.00 | Kihei Kalama Village | Stephen B. Metter | GCCFC 2007-GG9 | NAP | |||||
Loan | 18.00 | Spring River Business Park(32) | D. Talmage Hocker | Mezzanine | ||||||
Loan | 19.00 | Shops on Sage | Sanford P. Aron | GSMS 2007-GG10 | NAP | |||||
Loan | 20.00 | Oaks Apartment Portfolio | Shawn Stafford | NAP | ||||||
Property | 20.01 | Oak Forest Apartments & Townhomes | JPMCC 2007-LD12 | |||||||
Property | 20.02 | Oakwood Villas & Townhomes | JPMCC 2007-LD12 | |||||||
Loan | 21.00 | Dunes Plaza | Chris G. Sotos; Jason P.C. Smith | NAP | ||||||
Loan | 22.00 | One Independence Way | NJ Portfolio JV LLC | NAP | ||||||
Loan | 23.00 | 592-594 Dean Street | Serabjit Singh Malhotra | NAP | ||||||
Loan | 24.00 | Fairway Lane Apartments | Jack T. Chamberlain | WBCMT 2006-C28 | NAP | |||||
Loan | 25.00 | Texan Pearl | Edward M. Ely | NAP | ||||||
Loan | 26.00 | CVS & Walgreens Portfolio(31) | Roger Zlotoff | 1,800,000 | Mezzanine Debt | NAP | ||||
Property | 26.01 | Walgreen’s Rochester, MI | COMM 2007-C9 | |||||||
Property | 26.02 | CVS Coon Rapids MN | COMM 2007-C9 | |||||||
Property | 26.03 | Walgreen’s Norton, MA | COMM 2007-C9 | |||||||
Loan | 27.00 | Oak Manor Villas | Jeff H. Farmer III, Fredrick W. Van Nest | NAP | ||||||
Loan | 28.00 | Amsdell All Star Self Storage | Robert J. Amsdell; Barry L. Amsdell | NAP | ||||||
Loan | 29.00 | Hampton Inn Daytona Beach(32) | Driftwood Acquisition & Development L.P. | Mezzanine | ||||||
Loan | 30.00 | 1530 Meridian | Chris Prohaska; Kirk McKinney; Leonard A. Rifkind; Sardool S. Samra; Walter Gil | NAP | ||||||
Loan | 31.00 | Fresenius Northeast Portfolio | Louis J. Rogers | NAP | ||||||
Property | 31.01 | Fresenius Springfield | ||||||||
Property | 31.02 | Fresenius Cleveland | ||||||||
Property | 31.03 | Fresenius Scranton | ||||||||
Loan | 32.00 | Towne Center Shoppes | David A. Corsetti | GSMS 2006-GG8 | NAP | |||||
Loan | 33.00 | Rampart Village Center | Sheila M. Venezia | MSC 2007-IQ | NAP | |||||
Loan | 34.00 | Fresenius Southern Portfolio | Louis J. Rogers | NAP | ||||||
Property | 34.01 | Fresenius Pasadena | ||||||||
Property | 34.02 | Fresenius Bolivar | ||||||||
Property | 34.03 | Fresenius Deer Park | ||||||||
Loan | 35.00 | Packard Place | Daniel J. Roselli; Sara G. Roselli | NAP | ||||||
Loan | 36.00 | Courtyard West Des Moines(32) | Vamsikrishna Bonthala; Sheenal Patel | Mezzanine | ||||||
Loan | 37.00 | Bedford Park Shoppes | Francis Greenburger | JPMCC 2007-LD11 | NAP | |||||
Loan | 38.00 | Tyler Mall Mini Storage | Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust | NAP | ||||||
Loan | 39.00 | Central Corporate Office | Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust | NAP | ||||||
Loan | 40.00 | Lexington Hotel Miami Beach | Charles Neiss | CGCMT 2007-C6 | NAP | |||||
Loan | 41.00 | Fresenius & DaVita CA Portfolio | Louis J. Rogers | NAP | ||||||
Property | 41.01 | Fresenius Roseville | ||||||||
Property | 41.02 | DaVita Ceres | ||||||||
Loan | 42.00 | West Palm Small Bay Portfolio | James Wilson; Richard Zantzinger | NAP | ||||||
Property | 42.01 | 6677 42nd Terrace N | ||||||||
Property | 42.02 | 4574 Dyer Boulevard | ||||||||
Property | 42.03 | 4249, 4255 & 4261 Westroads Drive |
A-1-9
COMM 2017-COR2
FOOTNOTES TO ANNEX A-1
(1) | JLC—Jefferies LoanCore, LLC or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; CREFI— Citi Real Estate Funding Inc. or one of its affiliates |
(2) | Loan No. | Mortgage Loan | Note(s) | Original Balance ($) | Cut-off Date Balance ($) | Holder of Note | Control | |||||
4 | Grand Hyatt Seattle | A-1 | $50,000,000 | $50,000,000 | COMM 2017-COR2 | Yes | ||||||
A-2, A-3 | $83,000,000 | $83,000,000 | JLC | No | ||||||||
5 | Renaissance Seattle | A-1 | $50,000,000 | $50,000,000 | COMM 2017-COR2 | Yes | ||||||
A-2, A-3 | $77,000,000 | $77,000,000 | JLC | No | ||||||||
6 | Mall of Louisiana | A-1, A-2 | $109,000,000 | $109,000,000 | BANA | Yes(1) | ||||||
A-3-1, A-5-2 | $47,000,000 | $47,000,000 | CGCMT 2017-P8 | No | ||||||||
A-3-2 | $28,000,000 | $28,000,000 | CREFI | No | ||||||||
A-4 | $50,000,000 | $50,000,000 | COMM 2017-COR2 | No | ||||||||
A-5-1, A-6, A-7 | $91,000,000 | $91,000,000 | Barclays | No | ||||||||
7 | Colorado Center | A-1-S, A-2-S, A-3-S | $98,000,000 | $98,000,000 | BXP Trust 2017-CC | Yes(2) | ||||||
A-2-C1, A-2-C2-1 | $40,000,000 | $40,000,000 | COMM 2017-COR2 | No | ||||||||
A-2-C2-2 | $20,000,000 | $20,000,000 | DBNY | No | ||||||||
A-1-C1, A-1-C2 | $80,000,000 | $80,000,000 | Morgan Stanley Bank, NA | No | ||||||||
A-3-C1, A-3-C2 | $60,000,000 | $60,000,000 | Wells Fargo Bank | No | ||||||||
B-1-S , B-2-S, B-3-S | $252,000,000 | $252,000,000 | BXP Trust 2017-CC | No | ||||||||
11 | Integrated Health Campus | A-1 | $31,000,000 | COMM 2017-COR2 | Yes | |||||||
A-2 | $22,000,000 | DBNY | No |
(1) | Note A-1 is the controlling note. | |
(2) | Note A-1-S is the controlling note. |
(3) | With respect to any Mortgaged Property securing a multi property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property. |
(4) | Loan No. 8 – 360 North Rodeo Drive – The 360 North Rodeo Drive Net Rentable Area (SF/Units/Rooms/Beds) consists of (i) 6,775 sq. ft. of retail space and (ii) 84 hotel rooms. The 360 North Rodeo Drive Property’s total net rentable area is equal to 24,899 sq. ft. Based on the 360 North Rodeo Drive Property’s net rentable area, the Cut-off Date Balance / Sq. Ft. and Balloon Balance / Sq. Ft. are equal to $1,526. Historical Occupancy is based on the weighted average occupancy of the net rentable area of the following components: (i) the 6,775 sq. ft. of retail space and (ii) the 84 hotel rooms comprising 18,124 sq. ft. Most Recent Occupancy is based on the weighted average occupancy of the following components: (i) the 6,775 sq. ft. of retail space that was 100.0% occupied and (ii) the 84 hotel rooms comprising 18,124 sq. ft. of net rentable area, that were 76.6% occupied as of the trailing 12-month period ending April 30, 2017. |
Loan No. 18 – Spring River Business Park – The Spring River Business Park Net Rentable Area (SF) consists of approximately (i) 135,423 sq. ft. of office space, (ii) 38,665 sq. ft. of office/flex space and (iii) 23,716 sq. ft. of flex/warehouse space. The Spring River Business Park’s total net rentable area is equal to 197,804 sq. ft. Based on the Spring River Business Park’s net rentable area, the Cut-off Date Balance / Sq. Ft. and Balloon Balance / Sq. Ft. are equal to $79.37. Historical Occupancy is based on the weighted average occupancy of the net rentable area of the following components: (i) 135,423 sq. ft. of office space, (ii) 38,665 sq. ft. of office/flex space and (iii) 23,716 sq. ft. of flex/warehouse space. Most Recent Occupancy is based on the weighted average occupancy of the following components: (i) 135,423 sq. ft. of office space that was 96.7% occupied, (ii) 38,665 sq. ft. of office/flex space that was 100.0% occupied and (iii) 23,716 sq. ft. of flex/warehouse space that was 100.0% occupied, each, respectively, as of the trailing 12-month period ending April 1, 2017. |
A-1-10
(5) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub-servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. The Pari Passu Loan Primary Servicing Fee Rate for the Mall of Louisiana Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the Colorado Center Loan will be 0.00125%. |
(6) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date is shown based on the interest only payments during the 12 month period following the Cut off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments. |
(7) | “Hard” generally means each tenant is required to transfer its rent directly to the lender controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over the-counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
(8) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents). |
(9) | Loan No. 4 – Grand Hyatt Seattle – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. |
Loan No. 5 – Renaissance Seattle – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 6 – Mall of Louisiana – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 7 – Colorado Center – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the subordinate companion loans. | |
Loan No. 11 – Integrated Health Campus – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. |
A-1-11
(10) | Loan No. 7 – Colorado Center – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds) ($) calculations exclude the subordinate companion loans subordinate secured debt. |
(11) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A 1 to this preliminary prospectus. |
Loan No. 6 – Mall of Louisiana – The Mall of Louisiana Mortgage Loan has a two-business day grace period for any monthly payment of principal or interest due, provided the two-business day grace period may only be used once during any twelve month period during the term of the Mortgage Loan. | |
(12) | Loan No. 23 – 592-594 Dean Street – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Balance net of a related holdback reserve in an amount equal to $450,000. The holdback reserve will be disbursed in accordance wiih the priorities set forth in the Loan Agreement on or before September 5, 2020, provided (i) no trigger period is continuing, (ii) the debt yield is equal to or greater than 7.5% and (iii) satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to (X) delivery of a certification from the borrower stating (a) the entire property is tenanted under one or more leases, (b) all contingencies under all such leases has been satisfied, (c) the rent commencement date has been set and all tenants have commenced paying full contractual rent, (d) all leasing commissions have been paid and all tenant improvements have been completed, (e) all leases are in full force and effect and (f) the rent payable, on a modified gross basis, is $40.00 per rentable square foot and (Y) delivery of an estoppel confirming each of the foregoing. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $14,250,000 are 66.6%, 7.7% and 7.4%, respectively. |
Loan No. 28 – Amsdell All Star Self Storage – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $300,000 property costs holdback reserve. The property costs holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, (i) no event of default exists and remains uncured, (ii) after giving effect to the requested disbursement, the debt yield is not less than 8.5% and (iii) on the date of disbursement, the ratio of the principal amount of the Mortgage Loan to the acquisition costs incurred is not greater than 72.0%. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $11,500,000 are 70.0%, 8.4% and 8.3%, respectively. | |
Loan No. 30 – 1530 Meridian – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $500,000 occupancy holdback reserve. The occupancy holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, provided no event of default exists and remains uncured, at such time as the 1530 Meridian borrower delivers evidence reasonably satisfactory to the lender that (i) each of Abbott, Stringham & Lynch and CPI has taken possession of its premises, opened for business and commenced paying full, unabated rent under its lease, (ii) each of Abbott, Stringham & Lynch and CPI has made all payments of rent due and payable by such tenant through and including February 2017, and (iii) all certificates of occupancy, licenses, approvals and permits required of the 1530 Meridian borrower for the legal use, occupancy and operation of the entire Mortgaged Property have been obtained and are in full force and effect, any funds held in the occupancy holdback reserve will be disbursed to the 1530 Meridian borrower; provided, however, if a cash management period is then continuing, then no such funds will be disbursed to 1530 Meridian borrower, and all such funds will instead be deposited into the cash collateral subaccount. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $11,100,000 are 64.0%, 9.5% and 8.8%, respectively. | |
Loan No. 33 – Rampart Village Center – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $500,000 holdback reserve. The holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, (i) no event of default exists and remains uncured, (ii) after giving effect to the requested disbursement, the debt yield (which is calculated based on the outstanding principal balance, net of the remaining holdback reserve funds) is not less than 8.75% and (iii) on the date of disbursement, debt service coverage ratio (which is calculated based on the outstanding principal balance, net of the remaining holdback reserve funds) is equal to or greater than 1.31x. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $8,789,791 are 72.9%, 8.8% and 8.0%, respectively. |
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Loan No. 35 – Packard Place – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $400,000 economic holdback reserve. The economic holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, (i) no event of default exists and remains uncured and (ii) after giving effect to the requested disbursement, the debt yield (which is calculated based on the outstanding principal balance, net of the remaining holdback reserve funds) is equal to or greater than 9.50%. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $8,739,797 are 46.0%, 9.3% and 8.3%, respectively. | |
(13) | Loan No. 2 – AHIP Northeast Portfolio II – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the aggregate “As Complete” appraised value of $102.6 million as of June 1, 2018 for all of the properties, except Homewood Suites - Allentown-Bethlehem Airport, which is as of June 1, 2019. The “As Complete” appraised value assumes the completion of the required PIP at each property. The estimated cost of each respective PIP, a total of $1,975,474, was reserved in full at loan origination. Based on the aggregate “As-Is” appraised value of $96.5 million, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 59.8% and 54.7%, respectively. |
Loan No. 9 – Parmer Office 3.2 – The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on, and the Appraised Value ($) reflects, the “As Stabilized” appraised value of $59.9 million as of June 15, 2018. The “As Stabilized” appraised value assumes that economic stabilization is achieved and that free rent associated with recently signed leases has burned off. At loan origination, $693,634 was reserved for free rent. Based on the “As-is” appraised value of $58.3 million as of June 15, 2017, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 65.0% and 59.3%, respectively. | |
Loan No. 14 – 16027 Ventura Boulevard – The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on, and the Appraised Value ($) reflects, the “As Stabilized” appraised value of $38.0 million as of October 1, 2017. The “As Stabilized” appraised value assumes that economic stabilization is achieved, the Mortgaged Property’s current renovation is completed and all outstanding leasing costs associated with recent leases are paid off. At loan origination, $459,130 was reserved for free rent. Based on the “As-is” appraised value of $37.0 million as of May 3, 2017, the Cut-off Date LTV and Balloon LTV are each 67.6%. | |
Loan No. 29 – Hampton Inn Daytona Beach – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the “As Complete” appraised value of $16.5 million as of May 15, 2018. The “As Complete” appraised value assumes the completion of the required PIP at the property. The estimated cost of the PIP, a total of $1,380,000, was reserved in full at loan origination. Based on the “As-Is” appraised value of $15.2 million, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 72.9% and 59.4%, respectively. | |
(14) | Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date. “L(x)” means lock-out for x payments. “D(x)” means may be defeased for x payments. “DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid. “O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Partial Releases” in this preliminary prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Protections and Certain Involuntary Prepayments--Voluntary Prepayments” in this preliminary prospectus. |
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(15) | Loan No. 4 – Grand Hyatt Seattle – The lockout period will be at least 28 payment dates beginning with and including the first payment date of June 6, 2017. Defeasance of the full $133.0 million Grand Hyatt Seattle Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) November 6, 2020. The assumed lockout period of 28 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer. |
Loan No. 5 – Renaissance Seattle – The lockout period will be at least 28 payment dates beginning with and including the first payment date of June 6, 2017. Defeasance of the full $127.0 million Renaissance Seattle Whole |
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Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) November 6, 2020. The assumed lockout period of 28 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer. | |
Loan No. 6 – Mall of Louisiana - The lockout period will be at least 25 payment dates beginning with and including the first payment date of September 1, 2017. Defeasance of the entire $325.0 million Mall of Louisiana Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) August 1, 2020. The assumed lockout period of 25 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer. | |
Loan No. 7 – Colorado Center – The lockout period will be at least 25 payment dates beginning with and including the first payment date of September 9, 2017. Defeasance of the full $550.0 million Colorado Center Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) July 28, 2020. The assumed lockout period of 25 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer. | |
Loan No. 11 – Integrated Health Campus – The lockout period will be at least 24 payment dates beginning with and including the first payment date of October 1, 2017. Defeasance of the full $53.0 million Integrated Health Campus Whole Loan is permitted after the date that is the earlier to occur of (i) August 11, 2020 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer. | |
(16) | Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Partial Releases” in this preliminary prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Protections and Certain Involuntary Prepayments—Voluntary Prepayments” in this preliminary prospectus. |
(17) | The following Mortgaged Property consists, in whole or in part, of the borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests: Loan No. 3 – CHG Building – The borrower sponsor developed the multi-level parking structure on a parcel adjacent to the parcel on which the three buildings comprising the CHG Building Property are located. Upon completion of the parking structure, the borrower sponsor transferred the parking structure to Redevelopment Agency of Midvale City (the “Agency”) pursuant to a 50-year ground lease with the Agency for a total rent of $1.00 for the term, which expires on April 30, 2066. Prior to origination, the borrower sponsor transferred its interest in the ground lease to the borrower. In return, the borrower subleased the parking structure from the Agency pursuant to a 35-year sublease for the use of the parking structure for parking at the CHG Building Property for a total rent of $1.00 for the term, which expires on April 30, 2051. The borrower’s sub-leasehold interest in the parking structure is encumbered by the mortgage and constitutes collateral for the CHG Building Loan. The borrower has a right to purchase the parking structure at any time and is obligated to purchase the parking structure no later than April 30, 2051. The repurchase obligation is guaranteed by KC Gardner Company, L.C., an affiliate of the borrower and the property manager. Due to the temporary leasehold structure and the borrower’s obligation to purchase the fee interest in the parking structure from the Agency, the borrower’s interest in the parking structure is treated as fee simple. |
Loan No. 13 – The Landing – The Mortgaged Property contains a parcel that is leased from the borrower to the Westlake Yacht Club. The ground lease expires on June 30, 2073 (beyond the related Mortgage Loan maturity date). The Westlake Yacht Club is required to pay its pro rata share (3.54%) of common charges at the Mortgaged Property. | |
Loan No. 15 – 2600 N. Ashton – The Borrower ground leases the entire Mortgaged Property from Thanksgiving Point Development Company pursuant to a ground lease that commenced on November 1, 2016 and expires on December 31, 2066. Ground rent is $330,000 annually for the first five years of the ground lease term, subject to increases of 5% on each five year anniversary of the rent commencement date. | |
(18) | Loan No. 11 – Integrated Health Campus – The Largest Tenant, Orthopedic Associates of Allentown, LTD. D/B/A - Orthopedic Specialists, representing approximately 38.8% of the net rentable area at the Mortgaged Property is an affiliate of the borrower. |
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Loan No. 30 – 1530 Meridian – The 2nd largest tenant at the Mortgaged Property, CPI, a real estate brokerage firm, is an affiliate of the borrower and leases approximately 15.2% of the net rentable area at the Mortgaged Property as office space. | |
(19) | Loan No. 7 – Colorado Center – The 2nd Largest Tenant, Edmunds.com, currently leases approximately 195,594 sq. ft. of space pursuant to a lease expiring on January 31, 2028 and approximately 2,218 sq. ft. of space pursuant to a lease expiring on November 30, 2027. |
(20) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if the landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with such tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the Mortgaged Property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are non contingent early termination options for those tenants listed in Annex A 1: |
Loan No. 7 – Colorado Center – The 4th Largest Tenant, Rubin Postaer, has the right to accelerate the expiration date of its lease from December 31, 2025 to December 31, 2020 upon written notice to the landlord by December 31, 2019 and delivery to the landlord of an “acceleration fee” in an amount equal to the fixed rent that, in the absence of such lease acceleration, the tenant would have been required to pay under the lease for the six month period immeditately following the accelerated expiration date. | |
Loan No. 9 – Parmer Office 3.2 – The 3rd Largest Tenant, Trusource Labs, LLC, has a one-time right to terminate its lease effective between October 19, 2022 and October 19, 2023 if the contract between Trusource Labs, LLC and Nest Labs, Inc. is terminated, provided that Trusource Labs, LLC gives notice at least 12 months in advance. | |
Loan No. 10 – Freeway Industrial Park – The Largest Tenant, County of Riverside, leasing approximately 7.2% of the NRA, has the right to terminate its leases for 6,428 sf and 4,799 sf effective at any time with at least 6 months’ prior written notice and its lease for 23,477 sf of industrial space with at least 60 days’ prior written notice. | |
Loan No. 12 – Park Slope Court – The sole retail tenant, Premier Pediatrics, leasing approximately 100% of the retail NRA (5,197 sf), has the right to terminate its lease effective at any time with at least 120 days’ prior written notice if the tenant is no longer actively engaged in the practice of medicine. | |
Loan No. 14 – 16027 Ventura Boulevard – The 3rd Largest Tenant, Dunn & Pariser, CPA, has the right to terminate its lease effective on July 8, 2021, provided that Dunn & Pariser, CPA gives at least 270 days’ written notice and delivers payment of all unamortized tenant improvements, leasing commissions, and free rent. | |
Loan No. 18 – Spring River Business Park – The Largest Tenant, Assured Neace Lukens Insurance Agency, Inc., leasing approximately 22.5% of the NRA, has the right to terminate its lease effective April 30, 2021, with at least 9 months’ prior written notice and payment of a termination fee equal to the sum of (i) three months’ rent and (ii) the cost of any unamortized tenant improvements and leasing commissions. In addition, the 2nd Largest Tenant, Munson Business Interiors, Inc. leasing approximately 11.3% of the net rentable area, has the right to terminate its lease at any time with at least 120 days’ prior written notice and payment of a termination fee equal to $2,000. | |
Loan No. 22 – One Independence Way – The Largest Tenant, S&P, leasing approximately 65.7% of the NRA, has the right to terminate its lease with respect to one of the following spaces: (i) a portion of the premises located on the south and north wing of the 1st floor of the Mortgaged Property containing not less than 13,000 sq. ft. and not more than 25,952 sq. ft., or (ii) 19,502 sq. ft. of the premises on the 3rd floor of the building effective on April 1, 2025 upon written notice to landlord on September 31, 2024. Such termination/contraction option is subject to a termination fee equal to unamortized leasing costs. Additionally, the 2nd Largest Tenant, ALK, leasing approximately 34.3% of the NRA, has the right to terminate its lease with respect to the 3rd Floor premises at the Mortgaged Property effective December 31, 2022 by delivering 270 days’ prior written notice to landlord and payment of a termination fee equal to the sum of (i) 6 months of the average monthly basic rent for the remainder of the term, plus (ii) the unamortized portion of all concessions and upfront costs of leasing the premises, using an interest factor of 4%. | |
Loan No. 23 – 592-594 Dean Street – The 2nd Largest Tenant, United States Postal Service (“USPS”), leasing approximately 29.4% of the NRA, has the right to terminate its lease at any time after the February 27, 2020 with 180 days’ prior written notice to the landlord. If USPS chooses to terminate its lease during the initial term of the |
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lease, provided that the landlord is not in default, USPS will pay to the landlord a termination penalty equal to the unamortized brokerage commission (approximately $157,977.01). Such termination penalty does not apply to terminations during renewal option periods. | |
Loan No. 26 – CVS & Walgreens Portfolio – The sole tenant, Walgreen’s, leasing 100% of the NRA at the Walgreen’s Rochester, MI Mortgaged Property, has the right to terminate its lease effective as of August 31, 2031 or effective as of the last day of any month thereafter. Should Walgreen’s elect to exercise any such option, Walgreen’s will send 12 months’ prior written notice to the landlord. Next, the sole tenant, Walgreen’s, leasing 100% of the NRA at the Walgreen’s Norton, MA Mortgaged Property, has the right to terminate its lease effective as of September 31, 2031 or effective as of September 31 every fifth year thereafter. Should Walgreen’s elect to exercise any such option, Walgreen’s, Inc. will send at least 6 months’ prior written notice to the landlord. Lastly, the sole tenant, CVS, leasing 100% of the NRA at the CVS Coon Rapids, MN Mortgaged Property, has the right to terminate its lease if the landlord acquires land adjacent to the Mortgaged Property or at the same intersection and competes with CVS through its primary use, CVS may terminate its lease provided that the exclusive use provision violation is not cured within 60 days after written notice to the landlord. | |
Loan No. 33 – Rampart Village Center – The 3rd Largest Tenant, Tiger Rock Martial Arts, has the right to terminate its lease if Gold’s Gym International vacates the Mortgaged Property and a replacement tenant is not found within 12 months. | |
Loan No. 35 – Packard Place – The 5th Largest Tenant, GSA, has the right to terminate its lease at any time by providing not less than 90 days’ written notice. | |
Loan No. 39 – Central Corporate Office – The Largest Tenant, First American Title, has the right to terminate its lease commencing on January 31, 2018 with at least 9 months’ written notice. | |
(21) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: Loan No. 11 – Integrated Health Campus – The Largest Tenant, Orthopedic Associates of Allentown, LTD. D/B/A - Orthopedic Specialists, representing approximately 38.8% of the net rentable area, subleases approximately 53,000 square feet of its 116,617 square feet leased premises to Steel Fitness Premier, a local gym. The sublease expires on June 30, 2018. The tenant remains obligated to pay full rent on its entire space (including the portion subject to the sublease) through its lease expiration date on June 30, 2026. |
(22) | The following major tenants shown on Annex A-1 have abated, free or prepaid rent: Loan No. 3 – CHG Building – At origination, the borrower deposited $3,135,881 into a free rent reserve account for outstanding rent abatements with respect to the CHG Healthcare Services, Inc. lease, the Largest Tenant. |
Loan No. 7 – Colorado Center – The Largest Tenant, HULU has $1,073,813 of free rent through May 31, 2018, the 2nd Largest Tenant, Edmunds.com, that has free rent of $5,983,082 through December 31, 2018, and the 3rd Largest Tenant, Kite Pharma, Inc., that has signed a lease and taken possession of its leased space but has a 12-month abated rent of $12,790,705 from August 2017 through July 2018 for all of its space as well as 12 additional months on a smaller space. At origination, the borrower deposited $20,761,186 into a free rent reserve account. | |
Loan No. 9 – Parmer Office 3.2 – At origination, the borrower deposited $693,634 of free rent, consisting of $288,925 for the 3rd Largest Tenant, Trusource Labs, LLC, to be disbursed through October 2017, $207,216 for the 2nd Largest Tenant, Blue Apron, Inc., to be disbursed through August 2017, and $197,493 for NSTX, Inc. to be disbursed through November 2017. | |
Loan No. 13 – The Landing - At origination, the borrower deposited $128,531 into a rent abatement reserve for outstanding rent abatements with respect to the Zin Bistro Americana (Sabzin Inc.) lease, the 2nd Largest Tenant. | |
Loan No. 14 – 16027 Ventura Boulevard – The Largest Tenant, Life Alert Emergency Response, Inc., has a 50.0% rent abatement for the months of August 2017 through May 2018 totaling $411,759 and the 3rd Largest Tenant, Dunn & Pariser, CPA, is currently in a free rent period ending September 9, 2017. At origination, the borrower deposited $459,130 for free rent. The initial deposit of $459,130 (Life Alert Emergency Response, Inc.: $411,759; Liberty West: $16,699; Malka Sedeghan: $11,552; Linda S. Dawson: $9,824; BRC Advisors: $4,944 and D & O Eco Services, Inc.: $4,351) will be used to cover free rent owed to tenants and disbursed periodically until January 2019. | |
Loan No. 15 – 2600 N. Ashton – At origination, the borrower deposited $140,184 into a rent abatement reserve for outstanding rent abatements with respect to the Solutionreach, Inc. lease, the Largest Tenant. |
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Loan No. 22 – One Independence Way – At origination, the borrower deposited $2,131,350 into a rent abatement reserve for outstanding rent abatements with respect to the S&P Global, Inc. lease, the Largest Tenant, and with respect to the ALK, the 2nd Largest Tenant. | |
Loan No. 39 – Central Corporate Office – The 3rd Largest Tenant, AltaPacific Bank, has a 50.0% monthly rent abatement through October 2017. At origination, the borrower deposited with the lender $15,512.57 for outstanding free rent in respect of that tenant. | |
(23) | The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization. |
Loan No. 6 – Mall of Louisiana – The 3rd Largest Tenant, Main Event, recently signed a lease for 46,900 square feet and is expected to take possession of their space and commence paying rent in August 2018. | |
Loan No. 7 – Colorado Center – The 2nd Largest Tenant, Edmunds.com, has abated rent for the month of December in 2017 and 2018. The 3rd Largest Tenant, Kite Pharma, Inc. has signed a lease and taken possession of its leased space, but is not yet in occupancy and has a 12-month abated rent from August 2017 through July 2018 for all of its space, as well as 12 additional months on a smaller space. At origination, the borrower deposited $20,761,186 for free rent allowances related to its leases. | |
Loan No. 21 – Dunes Plaza – Five Below, a tenant that accounts for 5.9% of NRA, signed a lease for 9,087 sq. ft., but is not yet in occupancy. If the borrower fails to deliver the leased space by October 2, 2017, Five Below will have the right to terminate its lease. At origination, the borrower reserved $594,225 for related tenant improvements, leasing commissions and the remaining balance is required to be disbursed to the borrower at such time as Five Below is opened for business and commenced paying full, unabated rent. | |
Loan No. 22 – One Independence Way - The largest tenant, S&P has executed a lease for approximately 5.19% of the net rentable area (5,920 sq. ft.) at the Mortgaged Property but is not yet in occupancy. S&P is anticipated to take occupancy and commence paying rent by July 1, 2018. The 2nd largest tenant, ALK, has executed a lease for approximately 8.57% of the net rentable area (9,775 sq. ft.) at the Mortgaged Property but is not yet in occupancy. ALK is anticipated to take occupancy and commence paying rent by January 1, 2018. | |
Loan No. 32 – Towne Center Shoppes – Delmonico’s Italian Steakhouse Restaurant (“Delmonico’s”), the 2nd Largest Tenant, has signed a lease for 5,090 sq. ft. but is not yet in occupancy (and $250,000 was reserved at loan origination to be released to the borrower at such time as Delmonico’s is open for business and paying full, unabated rent). If by February 2018, Delmonico’s has not: (a) taken occupancy of its leased space; (b) obtained a liquor license; or (c) been granted all necessary permits to operate the premises as a restaurant, Delmonico’s has the right to terminate the lease at any time thereafter. | |
(24) | Loan No. 3 – CHG Building- Construction of the Mortgaged Property was completed in 2017. On April 8, 2017, the sole tenant, CHG Healthcare Services, Inc., commenced a 12-year modified gross lease with no termination options and two, five year extension options. |
Loan No. 9 – Parmer Office 3.2 – The Mortgaged Property was constructed in 2015 and was not fully occupied until 2017. The leases with NSTX, Inc. (49.0% of NRA), Blue Apron, Inc. (34.0% of NRA) and Trusource Labs, LLC (17.0% of NRA) l commenced on December 1, 2015, April 19, 2017 and May 10, 2017, respectively. | |
Loan No. 15 – 2600 N. Ashton- Construction of the Mortgaged Property was completed in 2016. On November 1, 2016, the sole tenant, Solutionreach signed a 10.5 year lease with no termination options and two, five year extension options. | |
Loan No. 22 – One Independence Way – The borrower purchased the Mortgaged Property in December 2012 and commenced a significant renovation project that is anticipated to be completed by the end of 2017. The Property is 100% leased. | |
Loan No. 23 – 592-594 Dean Street – The Mortgaged Property was gut renovated in 2015 and was not fully occupied until 2016. The leases with the Largest Tenant, Industrious (61.2% of NRA) and the 2nd Largest Tenant, the United States Postal Service (29.4% of NRA), commenced on March 1, 2016. | |
Loan No. 30 – 1530 Meridian – The borrower purchased the Mortgaged Property in October 2015 and commenced a significant renovation project that was completed in August 2017. | |
Loan No. 31 – Fresenius Northeast Portfolio – Construction of each Mortgaged Property was completed in 2017. The Properties are 100% leased and occupied under 15-year non-terminable triple net leases that have initial lease expirations ranging from December 31, 2031 to February 28, 2032. |
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Loan No. 34 – Fresenius Southern Portfolio – Construction of each Mortgaged Property was completed in 2016. The Properties are 100% leased and occupied under 15-year non-terminable triple net leases that have initial lease expirations ranging from April 30, 2031 to December 31, 2031. | |
Loan No. 40 – StorQuest Manhattan & Fair Oaks – The Second Most Recent Operating Statements for StorQuest Fair Oaks represent the annualized 11-month period ending December 31, 2016. The 2016 full year financials were unavailable due to the change of property management. | |
Loan No. 41 – Fresenius & DaVita CA Portfolio - Construction of each Mortgaged Property was completed in 2016 and 2017. The Properties are 100% leased and occupied under 15-year non-terminable triple net leases that have initial lease expirations ranging from February 28, 2031 to February 28, 2032. | |
(25) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
(26) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related mortgage loan documents. |
(27) | Loan No. 2 – AHIP Northeast Portfolio II – Beginning on the monhtly payment date in July 2019, the borrower is required to deposit into an FF&E reserve an amount equal to the greater of (i) 1/12 of 4.0% of the estimated annual rents and (ii) the then-current amount required by the franchise agreement for approved capital expenditures. |
Loan No. 14 – 16027 Ventura Boulevard – Commencing on the first payment date and continuing on each payment date up to and including the payment date in September 2019, the borrower must deposit an amount equal to $14,054 into the TI/LC reserve account. Beginning on the payment date in October 2019 and continuing on each payment date through the payment date in September 2021, the borrower must deposit an amount equal to $28,109 into the TI/LC reserve account. | |
Loan No. 35 – Packard Place- The upfront replacement reserve deposit of $96,000 does not count towards the calculation of the replacement reserve cap. | |
Loan No. 39 – Central Corporate Office – Commencing on the first payment date and continuing on each payment date thereafter, the borrower must deposit an amount equal to $607 in the replacement reserve account, provided, however, that upon such time as the amount in the replacement reserve account equals or exceeds $14,564, the borrower may cease making monthly deposits into the replacement reserve account. After reaching the replacement reserve cap, if the replacement reserve account balance drops below $14,564 at any time, the borrower must resume making monthly deposits into the replacement reserve account in an amount equal to $283. | |
(28) | Loan No. 29 – Hampton Inn Daytona Beach - The borrower is required to deposit into an FF&E reserve for approved capital expenditures and FF&E work an amount equal to the greatest of (i)(x) with respect to each monthly payment date through and including the monthly payment date in July 2018, 2.0% of the rents for the Mortgaged Property for the prior month, (y) with respect to each monthly payment date occuring in August 2018, through and including the monthly payment date occuring in July 2020, 3.0% of the rents for the prior months rents and (z) 4.0%, thereafter, (ii) the then-current amount required by the management agreement and (ii) the then-current amount required by the franchise agreement. |
Loan No. 36 – Courtyard West Des Moines - The borrower is required to fund a monthly FF&E reserve in an amount equal to the greater of (a) the amount of the deposit required by franchisor on account of FF&E under the franchise agreement or (b) an amount equal to one-twelfth of (x) for the monthly payment date occurring in September 2017 and for each monthly payment date occurring thereafter until and including the monthly payment date occurring in August 2018, 2.0% of the gross income for the Mortgaged Property during the preceding calendar year, (y) for the monthly payment date occurring in September 2018 and for each monthly payment date occurring thereafter until and including the monthly payment date occurring in August 2019, 3.0% of the gross income for the Mortgaged Property during the preceding calendar year and (z) on each monthly payment date occurring in September 2019 and each monthly payment date occurring thereafter, 4.0% of the gross income for the Mortgaged Property during the preceding calendar year. | |
(29) | Loan No. 7 – Colorado Center – The borrowers are permitted to deliver a guaranty from BPLP in in lieu of making required monthly payments to any reserve accounts in the amount required to have on deposit for such purpose, which amount will be reduced as the borrower expends funds for the purposes which such funds would have otherwise been deposited in the reserve account (other than with respect to the initial reserves in respect of tenant improvement and leasing commissions costs and for existing gap rent and free rent obligations at origination, which in no event may be replaced by a Guaranty from BPLP). Notwithstanding the foregoing, the aggregate amount of |
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any Guaranty from BPLP (and the face amount of any letter of credit obtained by BPLP and delivered on behalf of the borrower) may not at any time exceed 10.0% of the outstanding principal balance of the Colorado Center Whole Loan. | |
Loan No. 13 - The Landing – The borrower is permitted to end a DSCR triggered cash management period by delivering to lender an acceptable letter of credit in an amount equal to the shortfall between the NOI required for a 1.20x DSCR and the actual NOI (as calculated by lender every 12 months), up to a total letter of credit obligation of $250,000, in the aggregate. In addition, the borrower is permitted to end a cash management period triggered by a lease sweep period by delivering cash or an acceptable letter of credit in an amount equal to $10.00 per square foot with respect to the applicable lease that triggered the lease sweep period. | |
(30) | Summary of Existing Pari Passu Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | Pari Passu Companion Loan Cut-off Date Balance | Whole Loan Cut-off Date Balance | Whole Loan U/W NCF DSCR | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut- off Date U/W NOI Debt Yield | |||||||
4 | Grand Hyatt Seattle | $50,000,000 | $83,000,000 | $133,000,000 | 2.07x | 54.9% | 11.5% | |||||||
5 | Renaissance Seattle | $50,000,000 | $77,000,000 | $127,000,000 | 2.15x | 55.3% | 12.2% | |||||||
6 | Mall of Louisiana | $50,000,000 | $275,000,000 | $325,000,000 | 1.85x | 57.0% | 11.1% | |||||||
7 | Colorado Center(1) | $40,000,000 | $258,000,000 | $298,000,000 | 483x | 24.6% | 18.6% | |||||||
11 | Integrated Health Campus | $31,000,000 | $22,000,000 | $53,000,000 | 1.35x | 64 3% | 9.1% |
(1) | The Whole Loan Cut-off Date Balance excludes three subordinate companion notes in the aggregate original principal amount of approximately $252.0 million. |
(31) | Summary of Existing Mezzanine Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date | Intercreditor Agreement | Total Debt Cut-off Date LTV Ratio(1) | Total Debt U/W NCF DSCR(1) | Total Debt U/W NOI Debt Yield(1) | ||||||||||
26 | CVS & Walgreens Portfolio | $12,100,000 | 1.3% | $1,800,000 | 11.0% | 5/6/2027 | Yes | 73.7% | 1.09x | 7.7% |
(32) | Summary of Future Mezzanine Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Intercreditor | Combined | Combined Maximum LTV | Combined Minimum Debt Yield | |||||||
18 | Spring River Business Park(1) | $15,700,000 | 1.7% | Yes | 1.45x | 70.0% | 12.0% | |||||||
29 | Hampton Inn Daytona Beach | $11,074,660 | 1.2% | Yes | 1.40x | 67.27% | 10.0% | |||||||
36 | Courtyard West Des Moines | $8,400,000 | 0.9% | Yes | 2.16x | 80.0% | 12.8% |
(1) | Future mezzanine debt is not permitted to be less than $750,000 and not greater than $2,000,000. |
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