FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206705-12 | ||
BMARK 2018-B1
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The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (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 Securities and Exchange Commission 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.
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STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
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This material is for your information, and none of Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Academy Securities, Inc. or any other 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.
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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 BMARK 2018-B1 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2018-B1 (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.
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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.
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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.
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IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
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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. |
Benchmark 2018-B1
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 | |||||
Property Flag | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3) | or ARD Balance($) | Type(5) | Type | Rate | Fee Rate(6) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | ||
Loan | 1 | 90 Hudson(2) | 6.0% | 1 | JPMCB | 70,000,000 | 70,000,000 | 70,000,000 | Office | CBD | 4.1400% | 0.01450% | Actual/360 | 120 | 118 | 0 | 0 | ||
Loan | 2 | Valencia Town Center | 5.0% | 1 | GACC | 58,000,000 | 58,000,000 | 49,115,632 | Mixed Use | Office/Retail | 4.1860% | 0.01310% | Actual/360 | 120 | 119 | 360 | 360 | ||
Loan | 3 | The Woods(2) | 4.9% | 1 | CREFI | 57,500,000 | 57,500,000 | 57,500,000 | Multifamily | Garden | 2.9405% | 0.03060% | Actual/360 | 60 | 59 | 0 | 0 | ||
Loan | 4 | Griffin Portfolio(2) | 4.7% | 10 | GACC | 55,000,000 | 55,000,000 | 55,000,000 | Various | Various | 3.7700% | 0.01310% | Actual/360 | 120 | 117 | 0 | 0 | ||
Property | 4.01 | Restoration Hardware Distribution | 1.0% | 1 | GACC | 11,440,000 | 11,440,000 | Industrial | Warehouse/Distribution | ||||||||||
Property | 4.02 | State Farm Regional HQ | 0.9% | 1 | GACC | 10,187,613 | 10,187,613 | Office | Suburban | ||||||||||
Property | 4.03 | North Pointe I | 0.5% | 1 | GACC | 5,815,333 | 5,815,333 | Office | CBD | ||||||||||
Property | 4.04 | Corporate Campus at Norterra | 0.5% | 1 | GACC | 5,720,000 | 5,720,000 | Office | Suburban | ||||||||||
Property | 4.05 | CHRISTUS Health HQ | 0.5% | 1 | GACC | 5,309,113 | 5,309,113 | Office | Suburban | ||||||||||
Property | 4.06 | Duke Bridges I | 0.3% | 1 | GACC | 4,029,740 | 4,029,740 | Office | Suburban | ||||||||||
Property | 4.07 | Wells Fargo Operations Center | 0.3% | 1 | GACC | 3,956,333 | 3,956,333 | Office | Suburban | ||||||||||
Property | 4.08 | Ace Hardware HQ | 0.3% | 1 | GACC | 3,336,667 | 3,336,667 | Office | Suburban | ||||||||||
Property | 4.09 | Royal Ridge V | 0.3% | 1 | GACC | 3,136,467 | 3,136,467 | Office | Suburban | ||||||||||
Property | 4.10 | Comcast Regional HQ | 0.2% | 1 | GACC | 2,068,733 | 2,068,733 | Office | Suburban | ||||||||||
Loan | 5 | Worldwide Plaza(2)(31)(32) | 4.3% | 1 | GACC | 50,000,000 | 50,000,000 | 50,000,000 | Office | CBD | 3.6045425532% | 0.01185% | Actual/360 | 120 | 118 | 0 | 0 | ||
Loan | 6 | Station Place III(2)(32) | 4.3% | 1 | JPMCB | 50,000,000 | 50,000,000 | 50,000,000 | Office | CBD | 3.6000% | 0.01310% | Actual/360 | 120 | 118 | 0 | 0 | ||
Loan | 7 | Atrium Center(2) | 4.3% | 1 | JPMCB | 50,000,000 | 50,000,000 | 50,000,000 | Mixed Use | Office/Retail | 3.9000% | 0.02310% | Actual/360 | 120 | 120 | 0 | 0 | ||
Loan | 8 | Sentinel Square II(2) | 3.9% | 1 | GACC | 45,000,000 | 45,000,000 | 45,000,000 | Office | CBD | 3.2420% | 0.01310% | Actual/360 | 60 | 60 | 0 | 0 | ||
Loan | 9 | Spicetree Apartments | 3.8% | 1 | CREFI | 44,100,000 | 44,100,000 | 38,431,883 | Multifamily | Garden | 4.3150% | 0.01310% | Actual/360 | 120 | 119 | 360 | 360 | ||
Loan | 10 | Radisson Blu Aqua Hotel(2) | 3.8% | 1 | JPMCB | 44,000,000 | 44,000,000 | 44,000,000 | Hospitality | Full Service | 4.5970% | 0.02540% | Actual/360 | 120 | 118 | 0 | 0 | ||
Loan | 11 | 8900 Beverly | 3.7% | 1 | GACC | 43,000,000 | 43,000,000 | 43,000,000 | Mixed Use | Office/Retail | 3.9000% | 0.01310% | Actual/360 | 120 | 119 | 0 | 0 | ||
Loan | 12 | Gateway Net Lease Portfolio(2) | 3.6% | 41 | JPMCB | 42,100,000 | 42,100,000 | 42,100,000 | Various | Various | 3.56283% | 0.01310% | Actual/360 | 84 | 77 | 0 | 0 | ||
Property | 12.01 | BAE Facility | 0.3% | 1 | JPMCB | 3,506,455 | 3,506,455 | Industrial | Manufacturing | ||||||||||
Property | 12.02 | FedEx Ground (Stratford) | 0.3% | 1 | JPMCB | 3,377,660 | 3,377,660 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.03 | FedEx (Baltimore) | 0.3% | 1 | JPMCB | 3,109,604 | 3,109,604 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.04 | Harman Becker | 0.2% | 1 | JPMCB | 2,476,897 | 2,476,897 | Office | Suburban | ||||||||||
Property | 12.05 | GE Aviation (Lafayette) | 0.2% | 1 | JPMCB | 2,359,371 | 2,359,371 | Industrial | Manufacturing | ||||||||||
Property | 12.06 | GoDaddy | 0.2% | 1 | JPMCB | 2,091,315 | 2,091,315 | Office | Suburban | ||||||||||
Property | 12.07 | Carrier | 0.2% | 1 | JPMCB | 2,063,946 | 2,063,946 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.08 | Emerus | 0.1% | 1 | JPMCB | 1,678,365 | 1,678,365 | Office | Suburban | ||||||||||
Property | 12.09 | Cardinal Health | 0.1% | 1 | JPMCB | 1,632,482 | 1,632,482 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.10 | Tyco Electronics | 0.1% | 1 | JPMCB | 1,616,382 | 1,616,382 | Industrial | Flex | ||||||||||
Property | 12.11 | FCA/Caterpillar | 0.1% | 1 | JPMCB | 1,523,006 | 1,523,006 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.12 | FedEx Ground (Staunton) | 0.1% | 1 | JPMCB | 1,281,514 | 1,281,514 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | 0.1% | 1 | JPMCB | 1,072,222 | 1,072,222 | Industrial | Manufacturing | ||||||||||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | 0.1% | 1 | JPMCB | 1,061,757 | 1,061,757 | Industrial | Manufacturing | ||||||||||
Property | 12.15 | T-Mobile Call Center | 0.1% | 1 | JPMCB | 990,920 | 990,920 | Office | Suburban | ||||||||||
Property | 12.16 | Sikorsky Aircraft R&D Facility | 0.1% | 1 | JPMCB | 959,526 | 959,526 | Industrial | Flex | ||||||||||
Property | 12.17 | Vatterott College | 0.1% | 1 | JPMCB | 890,298 | 890,298 | Office | Suburban | ||||||||||
Property | 12.18 | Comcast | 0.1% | 1 | JPMCB | 798,532 | 798,532 | Office | Suburban | ||||||||||
Property | 12.19 | Alfa Laval Plant | 0.1% | 1 | JPMCB | 728,499 | 728,499 | Industrial | Manufacturing | ||||||||||
Property | 12.20 | LKQ (New Braunfels) | 0.1% | 1 | JPMCB | 718,839 | 718,839 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.21 | Hitachi | 0.1% | 1 | JPMCB | 686,641 | 686,641 | Office | Suburban | ||||||||||
Property | 12.22 | Cameron International | 0.1% | 1 | JPMCB | 652,832 | 652,832 | Industrial | Manufacturing | ||||||||||
Property | 12.23 | Alliance Data Systems Office | 0.1% | 1 | JPMCB | 619,023 | 619,023 | Office | Suburban | ||||||||||
Property | 12.24 | Synchrony Financial | 0.0% | 1 | JPMCB | 576,359 | 576,359 | Industrial | Flex | ||||||||||
Property | 12.25 | Baxalta (Barry Pointe) | 0.0% | 1 | JPMCB | 441,929 | 441,929 | Office | Medical | ||||||||||
Property | 12.26 | Baxalta (Casselberry) | 0.0% | 1 | JPMCB | 421,000 | 421,000 | Office | Medical | ||||||||||
Property | 12.27 | Baxalta (Mounds View) | 0.0% | 1 | JPMCB | 397,656 | 397,656 | Office | Medical | ||||||||||
Property | 12.28 | Baxalta (Grand Rapids) | 0.0% | 1 | JPMCB | 396,851 | 396,851 | Office | Medical | ||||||||||
Property | 12.29 | Gerdau | 0.0% | 1 | JPMCB | 396,851 | 396,851 | Industrial | Flex | ||||||||||
Property | 12.30 | Baxalta (Wausau) | 0.0% | 1 | JPMCB | 386,386 | 386,386 | Office | Medical | ||||||||||
Property | 12.31 | Baxalta (Springfield) | 0.0% | 1 | JPMCB | 375,117 | 375,117 | Office | Medical | ||||||||||
Property | 12.32 | LKQ (Salisbury) | 0.0% | 1 | JPMCB | 375,117 | 375,117 | Industrial | Warehouse | ||||||||||
Property | 12.33 | Baxalta (Ankeny) | 0.0% | 1 | JPMCB | 354,187 | 354,187 | Office | Medical | ||||||||||
Property | 12.34 | H&E Equipment Services (San Antonio) | 0.0% | 1 | JPMCB | 310,719 | 310,719 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.35 | H&E Equipment Services (New Orleans) | 0.0% | 1 | JPMCB | 292,205 | 292,205 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.36 | GE Aviation (Pompano) | 0.0% | 1 | JPMCB | 273,690 | 273,690 | Industrial | Flex | ||||||||||
Property | 12.37 | Saint-Gobain Warehouse | 0.0% | 1 | JPMCB | 246,321 | 246,321 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.38 | H&E Equipment Services (Columbia) | 0.0% | 1 | JPMCB | 243,906 | 243,906 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.39 | H&E Equipment Services (Yukon) | 0.0% | 1 | JPMCB | 240,686 | 240,686 | Industrial | Warehouse/Distribution | ||||||||||
Property | 12.40 | LKQ (Toledo) | 0.0% | 1 | JPMCB | 239,881 | 239,881 | Industrial | Warehouse | ||||||||||
Property | 12.41 | H&E Equipment Services (Greer) | 0.0% | 1 | JPMCB | 235,052 | 235,052 | Industrial | Warehouse/Distribution | ||||||||||
Loan | 13 | Lehigh Valley Mall(2) | 3.6% | 1 | JPMCB | 42,000,000 | 41,884,697 | 33,426,424 | Retail | Super Regional Mall | 4.0560% | 0.01550% | Actual/360 | 120 | 118 | 360 | 358 | ||
Loan | 14 | Rochester Hotel Portfolio(2) | 3.4% | 4 | GACC | 40,000,000 | 40,000,000 | 33,268,125 | Hospitality | Various | 4.7410% | 0.01310% | Actual/360 | 120 | 118 | 300 | 300 | ||
Property | 14.01 | Rochester Marriott | 1.3% | 1 | GACC | 15,214,286 | 15,214,286 | Hospitality | Full Service | ||||||||||
Property | 14.02 | Kahler Grand | 1.2% | 1 | GACC | 14,428,571 | 14,428,571 | Hospitality | Full Service | ||||||||||
Property | 14.03 | Kahler Inn & Suites | 0.5% | 1 | GACC | 6,071,429 | 6,071,429 | Hospitality | Select Service | ||||||||||
Property | 14.04 | Residence Inn Rochester | 0.4% | 1 | GACC | 4,285,714 | 4,285,714 | Hospitality | Extended Stay | ||||||||||
Loan | 15 | Oasis at Pavilion Park | 3.1% | 1 | GACC | 36,000,000 | 36,000,000 | 36,000,000 | Multifamily | Garden | 3.9990% | 0.01310% | Actual/360 | 120 | 120 | 0 | 0 | ||
Loan | 16 | 521-523 East 72nd Street(2)(32) | 3.0% | 1 | JPMCB | 35,000,000 | 35,000,000 | 35,000,000 | Mixed Use | Office/Multifamily | 3.9500% | 0.01310% | Actual/360 | 120 | 115 | 0 | 0 | ||
Loan | 17 | 156-168 Bleecker | 2.9% | 1 | GACC | 34,000,000 | 34,000,000 | 34,000,000 | Retail | CBD | 4.2000% | 0.01310% | Actual/360 | 120 | 119 | 0 | 0 | ||
Loan | 18 | Marriott Charlotte City Center(2) | 2.6% | 1 | JPMCB | 30,000,000 | 30,000,000 | 30,000,000 | Hospitality | Full Service | 4.5300% | 0.01310% | Actual/360 | 60 | 53 | 0 | 0 | ||
Loan | 19 | Miracle Mile Shopping Center(2) | 2.4% | 1 | JPMCB | 28,000,000 | 28,000,000 | 25,555,903 | Retail | Anchored | 4.3400% | 0.02310% | Actual/360 | 120 | 117 | 360 | 360 | ||
Loan | 20 | Center Promenade(24) | 1.9% | 1 | CREFI | 22,200,000 | 22,200,000 | 22,200,000 | Office | Suburban | 4.4250% | 0.01310% | Actual/360 | 120 | 120 | 0 | 0 | ||
Loan | 21 | The Arbors | 1.8% | 1 | GACC | 21,175,500 | 21,175,500 | 19,323,827 | Office | Suburban | 4.3300% | 0.01310% | Actual/360 | 120 | 119 | 360 | 360 |
A-1-1
Benchmark 2018-B1
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 | |||||
Property Flag | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3) | or ARD Balance($) | Type(5) | Type | Rate | Fee Rate(6) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | ||
Loan | 22 | Towers at University Town Center(2) | 1.7% | 1 | JPMCB | 20,000,000 | 20,000,000 | 17,613,671 | Multifamily | Student Housing | 4.7750% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 23 | Olive Park Shopping Center | 1.4% | 1 | CREFI | 15,850,000 | 15,850,000 | 13,352,945 | Retail | Anchored | 4.9300% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 24 | Two Harbor Point Square(2)(31) | 1.3% | 1 | CREFI | 14,750,000 | 14,750,000 | 13,435,089 | Office | CBD | 4.2169% | 0.01310% | Actual/360 | 120 | 119 | 360 | 360 | ||
Loan | 25 | Valley Crossing | 1.3% | 1 | JPMCB | 14,728,000 | 14,712,700 | 13,602,190 | Retail | Anchored | 5.0960% | 0.05310% | Actual/360 | 60 | 59 | 360 | 359 | ||
Loan | 26 | AHIP Northeast Portfolio I(2) | 1.3% | 5 | GACC | 14,600,000 | 14,600,000 | 13,367,087 | Hospitality | Various | 4.5300% | 0.01310% | Actual/360 | 120 | 114 | 360 | 360 | ||
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | 0.4% | 1 | GACC | 4,179,839 | 4,179,839 | Hospitality | Select Service | ||||||||||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | 0.2% | 1 | GACC | 2,825,807 | 2,825,807 | Hospitality | Extended Stay | ||||||||||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | 0.2% | 1 | GACC | 2,766,936 | 2,766,936 | Hospitality | Select Service | ||||||||||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | 0.2% | 1 | GACC | 2,708,064 | 2,708,064 | Hospitality | Limited Service | ||||||||||
Property | 26.05 | Homewood Suites - Dover Rockaway | 0.2% | 1 | GACC | 2,119,355 | 2,119,355 | Hospitality | Extended Stay | ||||||||||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | 1.2% | 65 | GACC | 14,317,500 | 14,317,500 | 14,317,500 | Hospitality | Various | 4.4860% | 0.01310% | Actual/360 | 120 | 113 | 0 | 0 | ||
Property | 27.01 | Larkspur Landing Sunnyvale | 0.1% | 1 | GACC | 844,959 | 844,959 | Hospitality | Extended Stay | ||||||||||
Property | 27.02 | Larkspur Landing Milpitas | 0.1% | 1 | GACC | 711,971 | 711,971 | Hospitality | Extended Stay | ||||||||||
Property | 27.03 | Larkspur Landing Campbell | 0.1% | 1 | GACC | 626,016 | 626,016 | Hospitality | Extended Stay | ||||||||||
Property | 27.04 | Larkspur Landing San Francisco | 0.0% | 1 | GACC | 515,733 | 515,733 | Hospitality | Extended Stay | ||||||||||
Property | 27.05 | Larkspur Landing Pleasanton | 0.0% | 1 | GACC | 504,381 | 504,381 | Hospitality | Extended Stay | ||||||||||
Property | 27.06 | Larkspur Landing Bellevue | 0.0% | 1 | GACC | 449,239 | 449,239 | Hospitality | Extended Stay | ||||||||||
Property | 27.07 | Larkspur Landing Sacramento | 0.0% | 1 | GACC | 335,713 | 335,713 | Hospitality | Extended Stay | ||||||||||
Property | 27.08 | Hampton Inn Ann Arbor North | 0.0% | 1 | GACC | 327,604 | 327,604 | Hospitality | Limited Service | ||||||||||
Property | 27.09 | Larkspur Landing Hillsboro | 0.0% | 1 | GACC | 327,604 | 327,604 | Hospitality | Extended Stay | ||||||||||
Property | 27.10 | Larkspur Landing Renton | 0.0% | 1 | GACC | 324,360 | 324,360 | Hospitality | Extended Stay | ||||||||||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | 0.0% | 1 | GACC | 311,386 | 311,386 | Hospitality | Full Service | ||||||||||
Property | 27.12 | Residence Inn Toledo Maumee | 0.0% | 1 | GACC | 308,142 | 308,142 | Hospitality | Extended Stay | ||||||||||
Property | 27.13 | Residence Inn Williamsburg | 0.0% | 1 | GACC | 295,168 | 295,168 | Hospitality | Extended Stay | ||||||||||
Property | 27.14 | Hampton Inn Suites Waco South | 0.0% | 1 | GACC | 272,463 | 272,463 | Hospitality | Limited Service | ||||||||||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | 0.0% | 1 | GACC | 267,597 | 267,597 | Hospitality | Full Service | ||||||||||
Property | 27.16 | Courtyard Tyler | 0.0% | 1 | GACC | 262,732 | 262,732 | Hospitality | Limited Service | ||||||||||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | 0.0% | 1 | GACC | 262,732 | 262,732 | Hospitality | Limited Service | ||||||||||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | 0.0% | 1 | GACC | 259,488 | 259,488 | Hospitality | Limited Service | ||||||||||
Property | 27.19 | Residence Inn Grand Rapids West | 0.0% | 1 | GACC | 256,245 | 256,245 | Hospitality | Extended Stay | ||||||||||
Property | 27.20 | Peoria, AZ Residence Inn | 0.0% | 1 | GACC | 254,623 | 254,623 | Hospitality | Extended Stay | ||||||||||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | 0.0% | 1 | GACC | 253,001 | 253,001 | Hospitality | Limited Service | ||||||||||
Property | 27.22 | Courtyard Chico | 0.0% | 1 | GACC | 248,136 | 248,136 | Hospitality | Limited Service | ||||||||||
Property | 27.23 | Hampton Inn Suites Kokomo | 0.0% | 1 | GACC | 240,027 | 240,027 | Hospitality | Limited Service | ||||||||||
Property | 27.24 | Hampton Inn Suites South Bend | 0.0% | 1 | GACC | 240,027 | 240,027 | Hospitality | Limited Service | ||||||||||
Property | 27.25 | Courtyard Wichita Falls | 0.0% | 1 | GACC | 228,674 | 228,674 | Hospitality | Limited Service | ||||||||||
Property | 27.26 | Hampton Inn Morehead | 0.0% | 1 | GACC | 222,187 | 222,187 | Hospitality | Limited Service | ||||||||||
Property | 27.27 | Residence Inn Chico | 0.0% | 1 | GACC | 215,700 | 215,700 | Hospitality | Extended Stay | ||||||||||
Property | 27.28 | Courtyard Lufkin | 0.0% | 1 | GACC | 205,969 | 205,969 | Hospitality | Limited Service | ||||||||||
Property | 27.29 | Hampton Inn Carlisle | 0.0% | 1 | GACC | 204,347 | 204,347 | Hospitality | Limited Service | ||||||||||
Property | 27.30 | Springhill Suites Williamsburg | 0.0% | 1 | GACC | 204,347 | 204,347 | Hospitality | Limited Service | ||||||||||
Property | 27.31 | Fairfield Inn Bloomington | 0.0% | 1 | GACC | 202,725 | 202,725 | Hospitality | Limited Service | ||||||||||
Property | 27.32 | Waco Residence Inn | 0.0% | 1 | GACC | 197,860 | 197,860 | Hospitality | Extended Stay | ||||||||||
Property | 27.33 | Holiday Inn Express Fishers | 0.0% | 1 | GACC | 184,885 | 184,885 | Hospitality | Limited Service | ||||||||||
Property | 27.34 | Larkspur Landing Folsom | 0.0% | 1 | GACC | 180,020 | 180,020 | Hospitality | Extended Stay | ||||||||||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | 0.0% | 1 | GACC | 170,289 | 170,289 | Hospitality | Limited Service | ||||||||||
Property | 27.36 | Holiday Inn Express & Suites Paris | 0.0% | 1 | GACC | 168,667 | 168,667 | Hospitality | Limited Service | ||||||||||
Property | 27.37 | Toledo Homewood Suites | 0.0% | 1 | GACC | 168,667 | 168,667 | Hospitality | Extended Stay | ||||||||||
Property | 27.38 | Grand Rapids Homewood Suites | 0.0% | 1 | GACC | 163,802 | 163,802 | Hospitality | Extended Stay | ||||||||||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | 0.0% | 1 | GACC | 152,449 | 152,449 | Hospitality | Limited Service | ||||||||||
Property | 27.40 | Fairfield Inn Laurel | 0.0% | 1 | GACC | 152,449 | 152,449 | Hospitality | Limited Service | ||||||||||
Property | 27.41 | Courtyard Akron Stow | 0.0% | 1 | GACC | 149,206 | 149,206 | Hospitality | Limited Service | ||||||||||
Property | 27.42 | Larkspur Landing Roseville | 0.0% | 1 | GACC | 141,097 | 141,097 | Hospitality | Extended Stay | ||||||||||
Property | 27.43 | Towneplace Suites Bloomington | 0.0% | 1 | GACC | 141,097 | 141,097 | Hospitality | Extended Stay | ||||||||||
Property | 27.44 | Hampton Inn Danville | 0.0% | 1 | GACC | 139,475 | 139,475 | Hospitality | Limited Service | ||||||||||
Property | 27.45 | Holiday Inn Norwich | 0.0% | 1 | GACC | 137,853 | 137,853 | Hospitality | Full Service | ||||||||||
Property | 27.46 | Hampton Inn Suites Longview North | 0.0% | 1 | GACC | 136,231 | 136,231 | Hospitality | Limited Service | ||||||||||
Property | 27.47 | Springhill Suites Peoria Westlake | 0.0% | 1 | GACC | 136,231 | 136,231 | Hospitality | Limited Service | ||||||||||
Property | 27.48 | Hampton Inn Suites Buda | 0.0% | 1 | GACC | 134,610 | 134,610 | Hospitality | Limited Service | ||||||||||
Property | 27.49 | Shawnee Hampton Inn | 0.0% | 1 | GACC | 134,610 | 134,610 | Hospitality | Limited Service | ||||||||||
Property | 27.50 | Racine Fairfield Inn | 0.0% | 1 | GACC | 131,366 | 131,366 | Hospitality | Limited Service | ||||||||||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | 0.0% | 1 | GACC | 128,122 | 128,122 | Hospitality | Limited Service | ||||||||||
Property | 27.52 | Holiday Inn Express & Suites Terrell | 0.0% | 1 | GACC | 121,635 | 121,635 | Hospitality | Limited Service | ||||||||||
Property | 27.53 | Westchase Homewood Suites | 0.0% | 1 | GACC | 117,730 | 117,730 | Hospitality | Extended Stay | ||||||||||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | 0.0% | 1 | GACC | 116,770 | 116,770 | Hospitality | Limited Service | ||||||||||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | 0.0% | 1 | GACC | 111,904 | 111,904 | Hospitality | Limited Service | ||||||||||
Property | 27.56 | Hampton Inn Sweetwater | 0.0% | 1 | GACC | 102,174 | 102,174 | Hospitality | Limited Service | ||||||||||
Property | 27.57 | Comfort Suites Buda Austin South | 0.0% | 1 | GACC | 85,956 | 85,956 | Hospitality | Limited Service | ||||||||||
Property | 27.58 | Fairfield Inn & Suites Weatherford | 0.0% | 1 | GACC | 81,090 | 81,090 | Hospitality | Limited Service | ||||||||||
Property | 27.59 | Holiday Inn Express & Suites Altus | 0.0% | 1 | GACC | 65,709 | 65,709 | Hospitality | Limited Service | ||||||||||
Property | 27.60 | Comfort Inn & Suites Paris | 0.0% | 1 | GACC | 58,385 | 58,385 | Hospitality | Limited Service | ||||||||||
Property | 27.61 | Hampton Inn Suites Decatur | 0.0% | 1 | GACC | 55,870 | 55,870 | Hospitality | Limited Service | ||||||||||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | 0.0% | 1 | GACC | 51,738 | 51,738 | Hospitality | Limited Service | ||||||||||
Property | 27.63 | Mankato Fairfield Inn | 0.0% | 1 | GACC | 46,364 | 46,364 | Hospitality | Limited Service | ||||||||||
Property | 27.64 | Candlewood Suites Texarkana | 0.0% | 1 | GACC | 35,846 | 35,846 | Hospitality | Extended Stay | ||||||||||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | 0.0% | 1 | GACC | 34,043 | 34,043 | Hospitality | Limited Service |
A-1-2
Benchmark 2018-B1
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 | |||||
Property Flag | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3) | or ARD Balance($) | Type(5) | Type | Rate | Fee Rate(6) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | ||
Loan | 28 | 4400 PGA Boulevard(24) | 1.2% | 1 | GACC | 13,500,000 | 13,500,000 | 11,533,471 | Office | Suburban | 4.5100% | 0.01310% | Actual/360 | 120 | 117 | 360 | 360 | ||
Loan | 29 | Honey Creek Marketplace | 1.1% | 1 | JPMCB | 13,300,000 | 13,284,690 | 12,200,284 | Retail | Anchored | 4.6540% | 0.05310% | Actual/360 | 60 | 59 | 360 | 359 | ||
Loan | 30 | Metro Center V(24) | 1.1% | 1 | GACC | 12,900,000 | 12,900,000 | 11,790,873 | Office | Suburban | 4.4300% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 31 | 1114-1126 Lake Street | 1.1% | 1 | CREFI | 12,800,000 | 12,800,000 | 10,459,490 | Retail | Anchored | 4.8200% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 32 | William Penn Building | 1.0% | 1 | GACC | 11,500,000 | 11,500,000 | 9,914,066 | Mixed Use | Multifamily/Retail | 4.8550% | 0.01310% | Actual/360 | 120 | 119 | 360 | 360 | ||
Loan | 33 | Tri State Neighborhood Center | 0.8% | 1 | JPMCB | 9,800,000 | 9,800,000 | 8,941,147 | Retail | Anchored | 4.3100% | 0.05310% | Actual/360 | 84 | 82 | 360 | 360 | ||
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | 0.8% | 1 | JPMCB | 9,800,000 | 9,786,015 | 7,436,655 | Hospitality | Limited Service | 5.4160% | 0.01310% | Actual/360 | 120 | 119 | 300 | 299 | ||
Loan | 35 | Hampton Inn & Suites Shelby | 0.8% | 1 | JPMCB | 9,510,000 | 9,495,404 | 7,114,922 | Hospitality | Limited Service | 5.0200% | 0.01310% | Actual/360 | 120 | 119 | 300 | 299 | ||
Loan | 36 | Goodale Office(24) | 0.8% | 1 | GACC | 8,960,000 | 8,960,000 | 7,816,721 | Office | Suburban | 4.3600% | 0.01310% | Actual/360 | 120 | 117 | 360 | 360 | ||
Loan | 37 | Hampton Inn Glenwood Springs | 0.7% | 1 | JPMCB | 8,280,000 | 8,271,417 | 6,829,996 | Hospitality | Limited Service | 5.1050% | 0.01310% | Actual/360 | 120 | 119 | 360 | 359 | ||
Loan | 38 | Pick ‘n Save Appleton WI | 0.7% | 1 | CREFI | 8,090,000 | 8,090,000 | 6,579,820 | Retail | Single Tenant | 4.6800% | 0.04310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 39 | Fresenius Portfolio V | 0.6% | 4 | GACC | 7,300,000 | 7,300,000 | 6,692,341 | Office | Medical | 4.6125% | 0.08060% | Actual/360 | 120 | 114 | 360 | 360 | ||
Property | 39.01 | Fresenius Dayton | 0.3% | 1 | GACC | 3,405,000 | 3,405,000 | Office | Medical | ||||||||||
Property | 39.02 | Fresenius Davenport | 0.1% | 1 | GACC | 1,600,000 | 1,600,000 | Office | Medical | ||||||||||
Property | 39.03 | Fresenius Rock Island | 0.1% | 1 | GACC | 1,355,000 | 1,355,000 | Office | Medical | ||||||||||
Property | 39.04 | Fresenius Muscatine | 0.1% | 1 | GACC | 940,000 | 940,000 | Office | Medical | ||||||||||
Loan | 40 | Village Square | 0.6% | 1 | GACC | 7,200,000 | 7,200,000 | 7,200,000 | Mixed Use | Retail/Office | 4.4900% | 0.08060% | Actual/360 | 120 | 116 | 0 | 0 | ||
Loan | 41 | Q-2 Self Storage | 0.6% | 1 | JPMCB | 6,500,000 | 6,490,128 | 4,873,235 | Self Storage | Self Storage | 5.0780% | 0.05310% | Actual/360 | 120 | 119 | 300 | 299 | ||
Loan | 42 | Best Western Plus - Chalmette | 0.5% | 1 | JPMCB | 5,600,000 | 5,592,009 | 4,249,517 | Hospitality | Limited Service | 5.4160% | 0.01310% | Actual/360 | 120 | 119 | 300 | 299 | ||
Loan | 43 | Afton Village | 0.5% | 1 | GACC | 5,365,000 | 5,356,601 | 3,997,734 | Retail | Unanchored | 4.9100% | 0.01310% | Actual/360 | 120 | 119 | 300 | 299 | ||
Loan | 44 | 21st Century Storage - Miami, FL | 0.4% | 1 | CREFI | 5,200,000 | 5,200,000 | 4,232,152 | Self Storage | Self Storage | 4.7000% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 45 | Hillside Mobile Estates | 0.4% | 1 | GACC | 4,650,000 | 4,644,458 | 3,759,136 | Manufactured Housing Community | Manufactured Housing Community | 4.5000% | 0.01310% | Actual/360 | 120 | 119 | 360 | 359 | ||
Loan | 46 | Callahan Plaza | 0.3% | 1 | GACC | 4,050,000 | 4,016,889 | 3,315,371 | Retail | Anchored | 4.8700% | 0.01310% | Actual/360 | 120 | 113 | 360 | 353 | ||
Loan | 47 | CityLine PA Portfolio | 0.3% | 2 | CREFI | 3,925,000 | 3,925,000 | 3,445,407 | Self Storage | Self Storage | 4.6300% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Property | 47.01 | Carlisle Self Storage | 0.2% | 1 | CREFI | 2,340,000 | 2,340,000 | Self Storage | Self Storage | ||||||||||
Property | 47.02 | West Chocolate Self Storage | 0.1% | 1 | CREFI | 1,585,000 | 1,585,000 | Self Storage | Self Storage | ||||||||||
Loan | 48 | CityLine BeCubed | 0.3% | 1 | CREFI | 3,575,000 | 3,575,000 | 3,150,200 | Self Storage | Self Storage | 4.8000% | 0.01310% | Actual/360 | 120 | 120 | 360 | 360 | ||
Loan | 49 | Marketplace on Grove | 0.3% | 1 | GACC | 3,500,000 | 3,500,000 | 3,016,082 | Retail | Shadow Anchored | 4.8360% | 0.01310% | Actual/360 | 120 | 114 | 360 | 360 |
A-1-3
Benchmark 2018-B1
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 | ||||||||||||
Origination | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | ||||
Property Flag | ID | Property Name | Date | Date | or ARD Date | (Yes/No) | Maturity Date | Service($)(7) | Service($)(7) | Service($) | Service($) | Period | Lockbox(8) | Management(9) | Other Loans | Borrower | NOI DSCR(7)(10) | NCF DSCR(7)(10) |
Loan | 1 | 90 Hudson(2) | 10/17/2017 | 12/01/2017 | 11/01/2027 | No | 11/01/2027 | 244,854 | 2,938,250 | 209,875 | 2,518,500 | 118 | Hard | Springing | No | 2.18x | 2.04x | |
Loan | 2 | Valencia Town Center | 11/09/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 283,156 | 3,397,875 | 23 | Hard | In Place | No | 2.45x | 2.28x | |||
Loan | 3 | The Woods(2) | 12/01/2017 | 01/06/2018 | 12/06/2022 | No | 12/06/2022 | 142,856 | 1,714,271 | 354,034 | 4,248,410 | 59 | Springing Soft | Springing | No | 5.08x | 5.01x | |
Loan | 4 | Griffin Portfolio(2) | 09/29/2017 | 11/01/2017 | 10/01/2027 | No | 10/01/2027 | 175,192 | 2,102,299 | 1,019,296 | 12,231,556 | 117 | Hard | Springing | No | 2.67x | 2.49x | |
Property | 4.01 | Restoration Hardware Distribution | ||||||||||||||||
Property | 4.02 | State Farm Regional HQ | ||||||||||||||||
Property | 4.03 | North Pointe I | ||||||||||||||||
Property | 4.04 | Corporate Campus at Norterra | ||||||||||||||||
Property | 4.05 | CHRISTUS Health HQ | ||||||||||||||||
Property | 4.06 | Duke Bridges I | ||||||||||||||||
Property | 4.07 | Wells Fargo Operations Center | ||||||||||||||||
Property | 4.08 | Ace Hardware HQ | ||||||||||||||||
Property | 4.09 | Royal Ridge V | ||||||||||||||||
Property | 4.10 | Comcast Regional HQ | ||||||||||||||||
Loan | 5 | Worldwide Plaza(2)(31)(32) | 10/18/2017 | 12/06/2017 | 11/06/2027 | No | 11/06/2027 | 152,275 | 1,827,303 | 1,724,627 | 20,695,520 | 118 | Hard | Springing | No | 3.88x | 3.77x | |
Loan | 6 | Station Place III(2)(32) | 10/03/2017 | 12/01/2017 | 11/01/2027 | No | 11/01/2027 | 152,083 | 1,825,000 | 425,833 | 5,110,000 | 118 | Hard | Springing | No | 3.25x | 3.00x | |
Loan | 7 | Atrium Center(2) | 12/15/2017 | 02/01/2018 | 01/01/2028 | No | 01/01/2028 | 164,757 | 1,977,083 | 214,184 | 2,570,208 | 120 | Hard | Springing | No | 2.08x | 2.05x | |
Loan | 8 | Sentinel Square II(2) | 12/29/2017 | 02/06/2018 | 01/06/2023 | No | 01/06/2023 | 123,264 | 1,479,162 | 157,942 | 1,895,300 | 60 | Hard | In Place | No | 2.72x | 2.70x | |
Loan | 9 | Spicetree Apartments | 12/06/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 218,627 | 2,623,523 | 35 | Springing Soft | Springing | No | 1.54x | 1.48x | |||
Loan | 10 | Radisson Blu Aqua Hotel(2) | 10/20/2017 | 12/01/2017 | 11/01/2027 | No | 11/01/2027 | 170,898 | 2,050,773 | 77,681 | 932,169 | 118 | Soft | In Place | No | 2.24x | 2.24x | |
Loan | 11 | 8900 Beverly | 11/07/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 141,691 | 1,700,292 | 119 | Hard | Springing | No | 2.18x | 2.10x | |||
Loan | 12 | Gateway Net Lease Portfolio(2) | 05/19/2017 | 07/05/2017 | 06/05/2024 | No | 06/05/2024 | 126,732 | 1,520,784 | 935,890 | 11,230,683 | 77 | Hard | Springing | No | 3.90x | 3.54x | |
Property | 12.01 | BAE Facility | ||||||||||||||||
Property | 12.02 | FedEx Ground (Stratford) | ||||||||||||||||
Property | 12.03 | FedEx (Baltimore) | ||||||||||||||||
Property | 12.04 | Harman Becker | ||||||||||||||||
Property | 12.05 | GE Aviation (Lafayette) | ||||||||||||||||
Property | 12.06 | GoDaddy | ||||||||||||||||
Property | 12.07 | Carrier | ||||||||||||||||
Property | 12.08 | Emerus | ||||||||||||||||
Property | 12.09 | Cardinal Health | ||||||||||||||||
Property | 12.10 | Tyco Electronics | ||||||||||||||||
Property | 12.11 | FCA/Caterpillar | ||||||||||||||||
Property | 12.12 | FedEx Ground (Staunton) | ||||||||||||||||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | ||||||||||||||||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | ||||||||||||||||
Property | 12.15 | T-Mobile Call Center | ||||||||||||||||
Property | 12.16 | Sikorsky Aircraft R&D Facility | ||||||||||||||||
Property | 12.17 | Vatterott College | ||||||||||||||||
Property | 12.18 | Comcast | ||||||||||||||||
Property | 12.19 | Alfa Laval Plant | ||||||||||||||||
Property | 12.20 | LKQ (New Braunfels) | ||||||||||||||||
Property | 12.21 | Hitachi | ||||||||||||||||
Property | 12.22 | Cameron International | ||||||||||||||||
Property | 12.23 | Alliance Data Systems Office | ||||||||||||||||
Property | 12.24 | Synchrony Financial | ||||||||||||||||
Property | 12.25 | Baxalta (Barry Pointe) | ||||||||||||||||
Property | 12.26 | Baxalta (Casselberry) | ||||||||||||||||
Property | 12.27 | Baxalta (Mounds View) | ||||||||||||||||
Property | 12.28 | Baxalta (Grand Rapids) | ||||||||||||||||
Property | 12.29 | Gerdau | ||||||||||||||||
Property | 12.30 | Baxalta (Wausau) | ||||||||||||||||
Property | 12.31 | Baxalta (Springfield) | ||||||||||||||||
Property | 12.32 | LKQ (Salisbury) | ||||||||||||||||
Property | 12.33 | Baxalta (Ankeny) | ||||||||||||||||
Property | 12.34 | H&E Equipment Services (San Antonio) | ||||||||||||||||
Property | 12.35 | H&E Equipment Services (New Orleans) | ||||||||||||||||
Property | 12.36 | GE Aviation (Pompano) | ||||||||||||||||
Property | 12.37 | Saint-Gobain Warehouse | ||||||||||||||||
Property | 12.38 | H&E Equipment Services (Columbia) | ||||||||||||||||
Property | 12.39 | H&E Equipment Services (Yukon) | ||||||||||||||||
Property | 12.40 | LKQ (Toledo) | ||||||||||||||||
Property | 12.41 | H&E Equipment Services (Greer) | ||||||||||||||||
Loan | 13 | Lehigh Valley Mall(2) | 10/13/2017 | 12/01/2017 | 11/01/2027 | No | 11/01/2027 | 201,873 | 2,422,473 | 759,426 | 9,113,113 | 0 | Hard | Springing | No | 2.16x | 2.07x | |
Loan | 14 | Rochester Hotel Portfolio(2) | 11/06/2017 | 12/06/2017 | 11/06/2027 | No | 11/06/2027 | 227,840 | 2,734,079 | 569,600 | 6,835,198 | 34 | Hard | Springing | No | 1.78x | 1.50x | |
Property | 14.01 | Rochester Marriott | ||||||||||||||||
Property | 14.02 | Kahler Grand | ||||||||||||||||
Property | 14.03 | Kahler Inn & Suites | ||||||||||||||||
Property | 14.04 | Residence Inn Rochester | ||||||||||||||||
Loan | 15 | Oasis at Pavilion Park | 12/20/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 121,636 | 1,459,635 | 120 | Soft | Springing | No | 2.79x | 2.73x | |||
Loan | 16 | 521-523 East 72nd Street(2)(32) | 07/06/2017 | 09/01/2017 | 08/01/2027 | No | 08/01/2027 | 116,808 | 1,401,701 | 166,869 | 2,002,431 | 115 | Hard | Springing | No | 1.96x | 1.93x | |
Loan | 17 | 156-168 Bleecker | 11/10/2017 | 01/06/2018 | 12/06/2027 | Yes | 12/06/2029 | 120,653 | 1,447,833 | 119 | Springing Hard | Springing | No | 1.73x | 1.71x | |||
Loan | 18 | Marriott Charlotte City Center(2) | 06/01/2017 | 07/01/2017 | 06/01/2022 | No | 06/01/2022 | 114,823 | 1,377,875 | 279,402 | 3,352,825 | 53 | Soft | Springing | No | 2.76x | 2.76x | |
Loan | 19 | Miracle Mile Shopping Center(2) | 09/07/2017 | 11/06/2017 | 10/06/2027 | No | 10/06/2027 | 139,222 | 1,670,669 | 139,222 | 1,670,669 | 57 | Hard | In Place | No | 1.62x | 1.49x | |
Loan | 20 | Center Promenade(24) | 12/22/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 82,999 | 995,994 | 120 | Hard | Springing | No | 2.73x | 2.48x | |||
Loan | 21 | The Arbors | 11/16/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 105,165 | 1,261,978 | 59 | Springing Hard | Springing | No | Yes - A | 1.94x | 1.76x |
A-1-4
Benchmark 2018-B1
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 | ||||||||||||
Origination | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | ||||
Property Flag | ID | Property Name | Date | Date | or ARD Date | (Yes/No) | Maturity Date | Service($)(7) | Service($)(7) | Service($) | Service($) | Period | Lockbox(8) | Management(9) | Other Loans | Borrower | NOI DSCR(7)(10) | NCF DSCR(7)(10) |
Loan | 22 | Towers at University Town Center(2) | 12/18/2017 | 02/01/2018 | 01/01/2028 | No | 01/01/2028 | 104,631 | 1,255,573 | 136,020 | 1,632,244 | 36 | Soft | In Place | No | 1.57x | 1.52x | |
Loan | 23 | Olive Park Shopping Center | 12/18/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 84,409 | 1,012,913 | 12 | Springing Hard | Springing | No | 1.29x | 1.24x | |||
Loan | 24 | Two Harbor Point Square(2)(31) | 11/17/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 72,276 | 867,307 | 170,276 | 2,043,317 | 59 | Hard | In Place | No | 1.93x | 1.78x | |
Loan | 25 | Valley Crossing | 11/21/2017 | 01/01/2018 | 12/01/2022 | No | 12/01/2022 | 79,929 | 959,153 | 0 | Springing Hard | Springing | No | 1.47x | 1.39x | |||
Loan | 26 | AHIP Northeast Portfolio I(2) | 06/22/2017 | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 74,237 | 890,838 | 279,658 | 3,355,898 | 54 | Hard | Springing | No | 2.30x | 2.06x | |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | ||||||||||||||||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | ||||||||||||||||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | ||||||||||||||||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | ||||||||||||||||
Property | 26.05 | Homewood Suites - Dover Rockaway | ||||||||||||||||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | 05/24/2017 | 07/01/2017 | 06/01/2027 | No | 06/01/2027 | 54,267 | 651,204 | 2,133,733 | 25,604,800 | 113 | Soft Springing Hard | Springing | No | 2.72x | 2.72x | |
Property | 27.01 | Larkspur Landing Sunnyvale | ||||||||||||||||
Property | 27.02 | Larkspur Landing Milpitas | ||||||||||||||||
Property | 27.03 | Larkspur Landing Campbell | ||||||||||||||||
Property | 27.04 | Larkspur Landing San Francisco | ||||||||||||||||
Property | 27.05 | Larkspur Landing Pleasanton | ||||||||||||||||
Property | 27.06 | Larkspur Landing Bellevue | ||||||||||||||||
Property | 27.07 | Larkspur Landing Sacramento | ||||||||||||||||
Property | 27.08 | Hampton Inn Ann Arbor North | ||||||||||||||||
Property | 27.09 | Larkspur Landing Hillsboro | ||||||||||||||||
Property | 27.10 | Larkspur Landing Renton | ||||||||||||||||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | ||||||||||||||||
Property | 27.12 | Residence Inn Toledo Maumee | ||||||||||||||||
Property | 27.13 | Residence Inn Williamsburg | ||||||||||||||||
Property | 27.14 | Hampton Inn Suites Waco South | ||||||||||||||||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | ||||||||||||||||
Property | 27.16 | Courtyard Tyler | ||||||||||||||||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | ||||||||||||||||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | ||||||||||||||||
Property | 27.19 | Residence Inn Grand Rapids West | ||||||||||||||||
Property | 27.20 | Peoria, AZ Residence Inn | ||||||||||||||||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | ||||||||||||||||
Property | 27.22 | Courtyard Chico | ||||||||||||||||
Property | 27.23 | Hampton Inn Suites Kokomo | ||||||||||||||||
Property | 27.24 | Hampton Inn Suites South Bend | ||||||||||||||||
Property | 27.25 | Courtyard Wichita Falls | ||||||||||||||||
Property | 27.26 | Hampton Inn Morehead | ||||||||||||||||
Property | 27.27 | Residence Inn Chico | ||||||||||||||||
Property | 27.28 | Courtyard Lufkin | ||||||||||||||||
Property | 27.29 | Hampton Inn Carlisle | ||||||||||||||||
Property | 27.30 | Springhill Suites Williamsburg | ||||||||||||||||
Property | 27.31 | Fairfield Inn Bloomington | ||||||||||||||||
Property | 27.32 | Waco Residence Inn | ||||||||||||||||
Property | 27.33 | Holiday Inn Express Fishers | ||||||||||||||||
Property | 27.34 | Larkspur Landing Folsom | ||||||||||||||||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | ||||||||||||||||
Property | 27.36 | Holiday Inn Express & Suites Paris | ||||||||||||||||
Property | 27.37 | Toledo Homewood Suites | ||||||||||||||||
Property | 27.38 | Grand Rapids Homewood Suites | ||||||||||||||||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | ||||||||||||||||
Property | 27.40 | Fairfield Inn Laurel | ||||||||||||||||
Property | 27.41 | Courtyard Akron Stow | ||||||||||||||||
Property | 27.42 | Larkspur Landing Roseville | ||||||||||||||||
Property | 27.43 | Towneplace Suites Bloomington | ||||||||||||||||
Property | 27.44 | Hampton Inn Danville | ||||||||||||||||
Property | 27.45 | Holiday Inn Norwich | ||||||||||||||||
Property | 27.46 | Hampton Inn Suites Longview North | ||||||||||||||||
Property | 27.47 | Springhill Suites Peoria Westlake | ||||||||||||||||
Property | 27.48 | Hampton Inn Suites Buda | ||||||||||||||||
Property | 27.49 | Shawnee Hampton Inn | ||||||||||||||||
Property | 27.50 | Racine Fairfield Inn | ||||||||||||||||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | ||||||||||||||||
Property | 27.52 | Holiday Inn Express & Suites Terrell | ||||||||||||||||
Property | 27.53 | Westchase Homewood Suites | ||||||||||||||||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | ||||||||||||||||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | ||||||||||||||||
Property | 27.56 | Hampton Inn Sweetwater | ||||||||||||||||
Property | 27.57 | Comfort Suites Buda Austin South | ||||||||||||||||
Property | 27.58 | Fairfield Inn & Suites Weatherford | ||||||||||||||||
Property | 27.59 | Holiday Inn Express & Suites Altus | ||||||||||||||||
Property | 27.60 | Comfort Inn & Suites Paris | ||||||||||||||||
Property | 27.61 | Hampton Inn Suites Decatur | ||||||||||||||||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | ||||||||||||||||
Property | 27.63 | Mankato Fairfield Inn | ||||||||||||||||
Property | 27.64 | Candlewood Suites Texarkana | ||||||||||||||||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East |
A-1-5
Benchmark 2018-B1
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 | ||||||||||||
Origination | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | ||||
Property Flag | ID | Property Name | Date | Date | or ARD Date | (Yes/No) | Maturity Date | Service($)(7) | Service($)(7) | Service($) | Service($) | Period | Lockbox(8) | Management(9) | Other Loans | Borrower | NOI DSCR(7)(10) | NCF DSCR(7)(10) |
Loan | 28 | 4400 PGA Boulevard(24) | 10/04/2017 | 11/06/2017 | 10/06/2027 | No | 10/06/2027 | 68,483 | 821,793 | 21 | Springing Hard | Springing | No | 1.83x | 1.67x | |||
Loan | 29 | Honey Creek Marketplace | 11/21/2017 | 01/01/2018 | 12/01/2022 | No | 12/01/2022 | 68,612 | 823,339 | 0 | Springing Hard | Springing | No | 1.80x | 1.69x | |||
Loan | 30 | Metro Center V(24) | 12/13/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 64,827 | 777,924 | 60 | Springing Hard | Springing | No | Yes - A | 2.24x | 1.91x | ||
Loan | 31 | 1114-1126 Lake Street | 12/22/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 67,312 | 807,744 | 0 | Springing Hard | Springing | No | 1.35x | 1.27x | |||
Loan | 32 | William Penn Building | 11/30/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 60,719 | 728,633 | 23 | Springing Hard | Springing | No | 1.48x | 1.46x | |||
Loan | 33 | Tri State Neighborhood Center | 11/01/2017 | 12/01/2017 | 11/01/2024 | No | 11/01/2024 | 48,555 | 582,660 | 22 | Hard | Springing | No | 2.22x | 1.99x | |||
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | 11/21/2017 | 01/01/2018 | 12/01/2027 | No | 12/01/2027 | 59,690 | 716,280 | 0 | Hard | Springing | No | Yes - B | 2.11x | 2.11x | ||
Loan | 35 | Hampton Inn & Suites Shelby | 11/14/2017 | 01/01/2018 | 12/01/2027 | No | 12/01/2027 | 55,705 | 668,465 | 0 | Springing Hard | Springing | No | 1.85x | 1.85x | |||
Loan | 36 | Goodale Office(24) | 09/29/2017 | 11/06/2017 | 10/06/2027 | No | 10/06/2027 | 44,657 | 535,881 | 33 | Springing Hard | Springing | No | Yes - A | 1.86x | 1.69x | ||
Loan | 37 | Hampton Inn Glenwood Springs | 12/01/2017 | 01/01/2018 | 12/01/2027 | No | 12/01/2027 | 44,982 | 539,780 | 0 | Hard | Springing | No | 1.91x | 1.91x | |||
Loan | 38 | Pick ‘n Save Appleton WI | 12/14/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 41,861 | 502,327 | 0 | Hard | Springing | No | 1.39x | 1.32x | |||
Loan | 39 | Fresenius Portfolio V | 06/29/2017 | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 37,478 | 449,731 | 54 | Hard | Springing | No | 1.56x | 1.49x | |||
Property | 39.01 | Fresenius Dayton | ||||||||||||||||
Property | 39.02 | Fresenius Davenport | ||||||||||||||||
Property | 39.03 | Fresenius Rock Island | ||||||||||||||||
Property | 39.04 | Fresenius Muscatine | ||||||||||||||||
Loan | 40 | Village Square | 08/07/2017 | 10/06/2017 | 09/06/2027 | No | 09/06/2027 | 27,314 | 327,770 | 116 | Springing Hard | Springing | No | 2.38x | 2.24x | |||
Loan | 41 | Q-2 Self Storage | 11/30/2017 | 01/01/2018 | 12/01/2027 | No | 12/01/2027 | 38,294 | 459,532 | 0 | Hard | Springing | No | 1.48x | 1.45x | |||
Loan | 42 | Best Western Plus - Chalmette | 11/21/2017 | 01/01/2018 | 12/01/2027 | No | 12/01/2027 | 34,109 | 409,303 | 0 | Hard | Springing | No | Yes - B | 2.24x | 2.24x | ||
Loan | 43 | Afton Village | 12/04/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 31,083 | 372,991 | 0 | Springing Hard | Springing | No | 1.49x | 1.39x | |||
Loan | 44 | 21st Century Storage - Miami, FL | 12/08/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 26,969 | 323,630 | 0 | Springing Hard | Springing | No | 1.40x | 1.35x | |||
Loan | 45 | Hillside Mobile Estates | 12/06/2017 | 01/06/2018 | 12/06/2027 | No | 12/06/2027 | 23,561 | 282,730 | 0 | Soft | Springing | No | 3.82x | 3.66x | |||
Loan | 46 | Callahan Plaza | 05/18/2017 | 07/06/2017 | 06/06/2027 | No | 06/06/2027 | 21,421 | 257,048 | 0 | Soft Springing Hard | Springing | No | 1.67x | 1.45x | |||
Loan | 47 | CityLine PA Portfolio | 12/14/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 20,192 | 242,301 | 36 | Springing Hard | Springing | No | Yes - C | 1.57x | 1.53x | ||
Property | 47.01 | Carlisle Self Storage | ||||||||||||||||
Property | 47.02 | West Chocolate Self Storage | ||||||||||||||||
Loan | 48 | CityLine BeCubed | 12/12/2017 | 02/06/2018 | 01/06/2028 | No | 01/06/2028 | 18,757 | 225,081 | 36 | Springing Hard | Springing | No | Yes - C | 1.36x | 1.34x | ||
Loan | 49 | Marketplace on Grove | 06/30/2017 | 08/06/2017 | 07/06/2027 | No | 07/06/2027 | 18,440 | 221,274 | 18 | Springing Hard | Springing | No | 1.53x | 1.46x |
A-1-6
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
FIRREA | Cut-Off | |||||||||||
Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||
Property Flag | ID | Property Name | Period(13) | Date | Value ($)(14) | As-of Date | (Yes/No) | Ratio(10)(14)(29) | Maturity or ARD(10)(14)(29) | Address | City | County |
Loan | 1 | 90 Hudson(2) | 0 | 1 | 216,000,000 | 08/25/2017 | Yes | 60.2% | 60.2% | 90 Hudson Street | Jersey City | Hudson |
Loan | 2 | Valencia Town Center | 0 | 6 | 82,100,000 | 08/11/2017 | Yes | 70.6% | 59.8% | 24300, 24303 and 24305 Town Center Drive, 24200 and 24204 Magic Mountain Parkway, 26950 Theater Drive and 26735 Circle Drive | Santa Clarita | Los Angeles |
Loan | 3 | The Woods(2) | 0 | 6 | 675,500,000 | 10/10/2017 | Yes | 29.6% | 29.6% | 4300 The Woods Drive | San Jose | Santa Clara |
Loan | 4 | Griffin Portfolio(2) | 0 | 1 | 610,000,000 | 09/21/2017 | Yes | 61.5% | 61.5% | Various | Various | Various |
Property | 4.01 | Restoration Hardware Distribution | 120,000,000 | 09/01/2017 | Yes | 825 Rogers Road | Patterson | Stanislaus | ||||
Property | 4.02 | State Farm Regional HQ | 122,000,000 | 09/06/2017 | Yes | 64 & 66 Perimeter Center East | Atlanta | DeKalb | ||||
Property | 4.03 | North Pointe I | 61,000,000 | 09/06/2017 | Yes | 6380 & 6440 Aviation Way | West Chester | Butler | ||||
Property | 4.04 | Corporate Campus at Norterra | 60,000,000 | 09/06/2017 | Yes | 25500 & 25600 North Norterra Drive | Phoenix | Maricopa | ||||
Property | 4.05 | CHRISTUS Health HQ | 55,690,000 | 09/08/2017 | Yes | 919 Hidden Ridge | Irving | Dallas | ||||
Property | 4.06 | Duke Bridges I | 42,270,000 | 09/08/2017 | Yes | 7668 Warren Parkway | Frisco | Collin | ||||
Property | 4.07 | Wells Fargo Operations Center | 41,500,000 | 09/06/2017 | Yes | 8740 Research Drive | Charlotte | Mecklenburg | ||||
Property | 4.08 | Ace Hardware HQ | 35,000,000 | 09/05/2017 | Yes | 2200-2222 Kensington Court | Oak Brook | DuPage | ||||
Property | 4.09 | Royal Ridge V | 32,900,000 | 09/08/2017 | Yes | 3929 West John Carpenter Freeway | Irving | Dallas | ||||
Property | 4.10 | Comcast Regional HQ | 21,700,000 | 09/05/2017 | Yes | 15815 25th Avenue West | Lynnwood | Snohomish | ||||
Loan | 5 | Worldwide Plaza(2)(31)(32) | 0 | 6 | 1,740,000,000 | 10/01/2017 | Yes | 35.4% | 35.4% | 825 Eighth Avenue | New York | New York |
Loan | 6 | Station Place III(2)(32) | 5 | 1 | 399,000,000 | 08/22/2017 | Yes | 47.6% | 47.6% | 700 2nd Street Northeast | Washington | District of Columbia |
Loan | 7 | Atrium Center(2) | 0 | 1 | 215,000,000 | 09/08/2017 | Yes | 53.5% | 53.5% | 300 Boylston Street | Chestnut Hill | Middlesex |
Loan | 8 | Sentinel Square II(2) | 0 | 6 | 172,000,000 | 04/01/2019 | Yes | 59.7% | 59.7% | 1050 First Street Northeast | Washington | District of Columbia |
Loan | 9 | Spicetree Apartments | 0 | 6 | 63,700,000 | 10/18/2017 | Yes | 69.2% | 60.3% | 4854 Washtenaw Avenue | Ann Arbor | Washtenaw |
Loan | 10 | Radisson Blu Aqua Hotel(2) | 5 (Once per year) | 1 | 117,500,000 | 09/01/2017 | Yes | 54.5% | 54.5% | 221 North Columbus Drive | Chicago | Cook |
Loan | 11 | 8900 Beverly | 0 | 6 | 87,800,000 | 10/13/2017 | Yes | 49.0% | 49.0% | 8900 Beverly Boulevard | West Hollywood | Los Angeles |
Loan | 12 | Gateway Net Lease Portfolio(2) | 0 | 5 | 785,215,000 | Various | Yes | 45.0% | 45.0% | Various | Various | Various |
Property | 12.01 | BAE Facility | 65,400,000 | 02/22/2017 | Yes | 4300 Airport Expressway | Fort Wayne | Allen | ||||
Property | 12.02 | FedEx Ground (Stratford) | 63,000,000 | 02/24/2017 | Yes | 825 Lordship Boulevard | Stratford | Fairfield | ||||
Property | 12.03 | FedEx (Baltimore) | 58,000,000 | 02/27/2017 | Yes | 6021 Bethlehem Boulevard | Edgemere | Baltimore | ||||
Property | 12.04 | Harman Becker | 46,200,000 | 03/02/2017 | Yes | 30001 Cabot Drive | Novi | Oakland | ||||
Property | 12.05 | GE Aviation (Lafayette) | 44,000,000 | 02/22/2017 | Yes | 3720 US Highway 52 South | Lafayette | Tippecanoe | ||||
Property | 12.06 | GoDaddy | 39,000,000 | 02/24/2017 | Yes | 2155 East GoDaddy Way | Tempe | Maricopa | ||||
Property | 12.07 | Carrier | 38,500,000 | 02/23/2017 | Yes | 16011 Applewhite Road | San Antonio | Bexar | ||||
Property | 12.08 | Emerus | 31,300,000 | 02/24/2017 | Yes | 8686 New Trails Drive | The Woodlands | Montgomery | ||||
Property | 12.09 | Cardinal Health | 30,450,000 | 02/21/2017 | Yes | 6000 Rosa Parks Boulevard | Detroit | Wayne | ||||
Property | 12.10 | Tyco Electronics | 30,150,000 | 02/27/2017 | Yes | 501 Shenandoah Drive | Shakopee | Scott | ||||
Property | 12.11 | FCA/Caterpillar | 28,400,000 | 02/22/2017 | Yes | 2348 FM 464 | Seguin | Guadalupe | ||||
Property | 12.12 | FedEx Ground (Staunton) | 23,900,000 | 03/02/2017 | Yes | 7 Industry Way | Staunton | Staunton City | ||||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | 20,000,000 | 02/24/2017 | Yes | 1 & 3 World Packaging Circle | Franklin | Milwaukee | ||||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | 19,800,000 | 02/24/2017 | Yes | 2 & 4 World Packaging Circle | Franklin | Milwaukee | ||||
Property | 12.15 | T-Mobile Call Center | 18,475,000 | 02/23/2017 | Yes | 820 Tom Martin Drive | Birmingham | Jefferson | ||||
Property | 12.16 | Sikorsky Aircraft R&D Facility | 17,900,000 | 02/17/2017 | Yes | 1727 South Main Street | Dallas | Dallas | ||||
Property | 12.17 | Vatterott College | 16,600,000 | 02/15/2017 | Yes | 8580 Evans Avenue | Berkeley | Saint Louis | ||||
Property | 12.18 | Comcast | 14,900,000 | 02/24/2017 | Yes | 12645 Corporate Lakes Drive | Fort Myers | Lee | ||||
Property | 12.19 | Alfa Laval Plant | 13,600,000 | 02/24/2017 | Yes | 5400 International Trade Drive | Richmond | Henrico | ||||
Property | 12.20 | LKQ (New Braunfels) | 13,400,000 | 02/22/2017 | Yes | 5545 Goodwin Lane | New Braunfels | Guadalupe | ||||
Property | 12.21 | Hitachi | 12,800,000 | 02/22/2017 | Yes | 1375 North 28th Avenue | Irving | Dallas | ||||
Property | 12.22 | Cameron International | 12,175,000 | 02/21/2017 | Yes | 2503 South Main Street | Mansfield | Tioga | ||||
Property | 12.23 | Alliance Data Systems Office | 11,550,000 | 02/17/2017 | Yes | 220 West Schrock Road | Westerville | Franklin | ||||
Property | 12.24 | Synchrony Financial | 10,750,000 | 02/22/2017 | Yes | 140 Wekiva Springs Road | Longwood | Seminole | ||||
Property | 12.25 | Baxalta (Barry Pointe) | 8,250,000 | 08/08/2017 | Yes | 9500 Northeast 82nd Terrace | Kansas City | Clay | ||||
Property | 12.26 | Baxalta (Casselberry) | 7,850,000 | 10/09/2017 | Yes | 1385 State Road 436 | Casselberry | Seminole | ||||
Property | 12.27 | Baxalta (Mounds View) | 7,420,000 | 02/27/2017 | Yes | 2325 County Road 10 | Mounds View | Ramsey | ||||
Property | 12.28 | Baxalta (Grand Rapids) | 7,400,000 | 02/20/2017 | Yes | 2670 East Paris Avenue Southeast | Grand Rapids | Kent | ||||
Property | 12.29 | Gerdau | 7,400,000 | 03/01/2017 | Yes | 4265 West Tompkins Avenue | Las Vegas | Clark | ||||
Property | 12.30 | Baxalta (Wausau) | 7,200,000 | 02/17/2017 | Yes | 3201 Rib Mountain Drive | Wausau | Marathon | ||||
Property | 12.31 | Baxalta (Springfield) | 7,000,000 | 02/27/2017 | Yes | 1815 McCurry Road | Springfield | Greene | ||||
Property | 12.32 | LKQ (Salisbury) | 7,000,000 | 02/23/2017 | Yes | 1001 Carrier Drive | Charlotte | Mecklenburg | ||||
Property | 12.33 | Baxalta (Ankeny) | 6,600,000 | 03/01/2017 | Yes | 725 Southeast Oralabor Road | Ankeny | Polk | ||||
Property | 12.34 | H&E Equipment Services (San Antonio) | 5,800,000 | 02/23/2017 | Yes | 5327 & 5423 Tex-Con Road | San Antonio | Bexar | ||||
Property | 12.35 | H&E Equipment Services (New Orleans) | 5,450,000 | 02/27/2017 | Yes | 4202 Almonaster Avenue | New Orleans | Orleans | ||||
Property | 12.36 | GE Aviation (Pompano) | 5,100,000 | 02/22/2017 | Yes | 2705 Gateway Drive | Pompano Beach | Broward | ||||
Property | 12.37 | Saint-Gobain Warehouse | 4,600,000 | 02/17/2017 | Yes | 30 Sibley Drive | Russellville | Franklin | ||||
Property | 12.38 | H&E Equipment Services (Columbia) | 4,550,000 | 02/20/2017 | Yes | 1031 Buckner Park Drive | Columbia | Richland | ||||
Property | 12.39 | H&E Equipment Services (Yukon) | 4,490,000 | 02/20/2017 | Yes | 10700 Northwest 4th Street | Yukon | Canadian | ||||
Property | 12.40 | LKQ (Toledo) | 4,475,000 | 02/22/2017 | Yes | 6180 Hagman Road | Toledo | Lucas | ||||
Property | 12.41 | H&E Equipment Services (Greer) | 4,380,000 | 02/17/2017 | Yes | 585 Brookshire Road | Greer | Spartanburg | ||||
Loan | 13 | Lehigh Valley Mall(2) | 0 | 1 | 445,000,000 | 09/04/2017 | Yes | 44.8% | 35.8% | 250 Lehigh Valley Mall | Whitehall | Lehigh |
Loan | 14 | Rochester Hotel Portfolio(2) | 0 | 6 | 210,000,000 | 11/01/2017 | Yes | 66.7% | 55.4% | Various | Rochester | Olmsted |
Property | 14.01 | Rochester Marriott | 71,000,000 | 11/01/2017 | Yes | 101 1st Avenue Southwest | Rochester | Olmsted | ||||
Property | 14.02 | Kahler Grand | 83,000,000 | 11/01/2017 | Yes | 20 2nd Avenue Southwest | Rochester | Olmsted | ||||
Property | 14.03 | Kahler Inn & Suites | 35,000,000 | 11/01/2017 | Yes | 9 3rd Avenue Northwest | Rochester | Olmsted | ||||
Property | 14.04 | Residence Inn Rochester | 21,000,000 | 11/01/2017 | Yes | 441 West Center Street | Rochester | Olmsted | ||||
Loan | 15 | Oasis at Pavilion Park | 0 | 6 | 60,030,000 | 11/14/2017 | Yes | 60.0% | 60.0% | 110 Pavilion Parkway | Midland | Midland |
Loan | 16 | 521-523 East 72nd Street(2)(32) | 0 | 1 | 144,100,000 | 05/11/2017 | Yes | 59.0% | 59.0% | 521-523 East 72nd Street | New York | New York |
Loan | 17 | 156-168 Bleecker | 0 | 6 | 58,000,000 | 10/01/2017 | Yes | 58.6% | 58.6% | 156-168 Bleecker Street | New York | New York |
Loan | 18 | Marriott Charlotte City Center(2) | 0 | 1 | 170,000,000 | 05/01/2017 | Yes | 60.6% | 60.6% | 100 West Trade Street | Charlotte | Mecklenburg |
Loan | 19 | Miracle Mile Shopping Center(2) | 0 | 6 | 80,600,000 | 08/03/2017 | Yes | 69.5% | 63.4% | 4100 William Penn Highway | Monroeville | Allegheny |
Loan | 20 | Center Promenade(24) | 0 | 6 | 36,000,000 | 10/11/2017 | Yes | 61.7% | 61.7% | 6401, 6477, 6555 & 6633 Telephone Road, 1000 & 1050-1070 South Hill Road and 1001 Partridge Drive | Ventura | Ventura |
Loan | 21 | The Arbors | 0 | 6 | 30,500,000 | 09/28/2017 | Yes | 69.4% | 63.4% | 3120 & 3128 Highwoods Boulevard and 3200 Atlantic Avenue | Raleigh | Wake |
A-1-7
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
FIRREA | Cut-Off | |||||||||||
Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||
Property Flag | ID | Property Name | Period(13) | Date | Value ($)(14) | As-of Date | (Yes/No) | Ratio(10)(14)(29) | Maturity or ARD(10)(14)(29) | Address | City | County |
Loan | 22 | Towers at University Town Center(2) | 0 | 1 | 72,500,000 | 11/13/2017 | Yes | 63.4% | 55.9% | 6515 Belcrest Road | Hyattsville | Prince Georges |
Loan | 23 | Olive Park Shopping Center | 0 | 6 | 21,800,000 | 09/30/2017 | Yes | 72.7% | 61.3% | 9402, 9414 and 9424 Falls of Neuse Road | Raleigh | Wake |
Loan | 24 | Two Harbor Point Square(2)(31) | 0 | 6 | 80,000,000 | 10/06/2017 | Yes | 61.9% | 56.4% | 100 Washington Boulevard | Stamford | Fairfield |
Loan | 25 | Valley Crossing | 5 (Once per year) | 1 | 21,800,000 | 10/18/2017 | Yes | 67.5% | 62.4% | 715 East Expressway 83 | Weslaco | Hidalgo |
Loan | 26 | AHIP Northeast Portfolio I(2) | 0 | 6 | 124,000,000 | Various | Yes | 56.1% | 51.4% | Various | Various | Various |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | 35,500,000 | 06/01/2018 | Yes | 5015 Campbell Boulevard | Baltimore | Baltimore | ||||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | 24,000,000 | 06/01/2019 | Yes | 7686 Industrial Boulevard | Allentown | Lehigh | ||||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | 23,500,000 | 06/01/2020 | Yes | 1302 Campus Parkway | Wall Township | Monmouth | ||||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | 23,000,000 | 06/01/2018 | Yes | 7544 Teague Road | Hanover | Anne Arundel | ||||
Property | 26.05 | Homewood Suites - Dover Rockaway | 18,000,000 | 06/01/2019 | Yes | 2 Commerce Center Drive | Dover | Morris | ||||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | 0 | 1 | 956,000,000 | 04/23/2017 | Yes | 60.4% | 60.4% | Various | Various | Various |
Property | 27.01 | Larkspur Landing Sunnyvale | 52,100,000 | 04/23/2017 | Yes | 748 North Mathilda Avenue | Sunnyvale | Santa Clara | ||||
Property | 27.02 | Larkspur Landing Milpitas | 43,900,000 | 04/23/2017 | Yes | 40 Ranch Drive | Milpitas | Santa Clara | ||||
Property | 27.03 | Larkspur Landing Campbell | 38,600,000 | 04/23/2017 | Yes | 550 West Hamilton Avenue | Campbell | Santa Clara | ||||
Property | 27.04 | Larkspur Landing San Francisco | 31,800,000 | 04/23/2017 | Yes | 690 Gateway Boulevard | South San Francisco | San Mateo | ||||
Property | 27.05 | Larkspur Landing Pleasanton | 31,100,000 | 04/23/2017 | Yes | 5535 Johnson Drive | Pleasanton | Alameda | ||||
Property | 27.06 | Larkspur Landing Bellevue | 27,700,000 | 04/23/2017 | Yes | 15805 Southeast 37th Street | Bellevue | King | ||||
Property | 27.07 | Larkspur Landing Sacramento | 20,700,000 | 04/23/2017 | Yes | 555 Howe Avenue | Sacramento | Sacramento | ||||
Property | 27.08 | Hampton Inn Ann Arbor North | 20,200,000 | 04/23/2017 | Yes | 2300 Green Road | Ann Arbor | Washtenaw | ||||
Property | 27.09 | Larkspur Landing Hillsboro | 20,200,000 | 04/23/2017 | Yes | 3133 Northeast Shute Road | Hillsboro | Washington | ||||
Property | 27.10 | Larkspur Landing Renton | 20,000,000 | 04/23/2017 | Yes | 1701 East Valley Road | Renton | King | ||||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | 19,200,000 | 04/23/2017 | Yes | 1311 Wet N Wild Way | Arlington | Tarrant | ||||
Property | 27.12 | Residence Inn Toledo Maumee | 19,000,000 | 04/23/2017 | Yes | 1370 Arrowhead Drive | Maumee | Lucas | ||||
Property | 27.13 | Residence Inn Williamsburg | 18,200,000 | 04/23/2017 | Yes | 1648 Richmond Road | Williamsburg | Williamsburg City | ||||
Property | 27.14 | Hampton Inn Suites Waco South | 16,800,000 | 04/23/2017 | Yes | 2501 Marketplace Drive | Waco | McLennan | ||||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | 16,500,000 | 04/23/2017 | Yes | 447 Farmington Avenue | Louisville | Jefferson | ||||
Property | 27.16 | Courtyard Tyler | 16,200,000 | 04/23/2017 | Yes | 7424 South Broadway Avenue | Tyler | Smith | ||||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | 16,200,000 | 04/23/2017 | Yes | 50 Raritan Center Parkway | Edison | Middlesex | ||||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | 16,000,000 | 04/23/2017 | Yes | 420 Inwood Avenue North | Oakdale | Washington | ||||
Property | 27.19 | Residence Inn Grand Rapids West | 15,800,000 | 04/23/2017 | Yes | 3451 Rivertown Point Court Southwest | Grandville | Kent | ||||
Property | 27.20 | Peoria, AZ Residence Inn | 15,700,000 | 04/23/2017 | Yes | 8435 West Paradise Lane | Peoria | Maricopa | ||||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | 15,600,000 | 04/23/2017 | Yes | 320 South Towanda Avenue | Normal | McLean | ||||
Property | 27.22 | Courtyard Chico | 15,300,000 | 04/23/2017 | Yes | 2481 Carmichael Drive | Chico | Butte | ||||
Property | 27.23 | Hampton Inn Suites Kokomo | 14,800,000 | 04/23/2017 | Yes | 2920 South Reed Road | Kokomo | Howard | ||||
Property | 27.24 | Hampton Inn Suites South Bend | 14,800,000 | 04/23/2017 | Yes | 52709 State Road 933 | South Bend | Saint Joseph | ||||
Property | 27.25 | Courtyard Wichita Falls | 14,100,000 | 04/23/2017 | Yes | 3800 Tarry Street | Wichita Falls | Wichita | ||||
Property | 27.26 | Hampton Inn Morehead | 13,700,000 | 04/23/2017 | Yes | 4035 Arendell Street | Morehead City | Carteret | ||||
Property | 27.27 | Residence Inn Chico | 13,300,000 | 04/23/2017 | Yes | 2485 Carmichael Drive | Chico | Butte | ||||
Property | 27.28 | Courtyard Lufkin | 12,700,000 | 04/23/2017 | Yes | 2130 South First Street | Lufkin | Angelina | ||||
Property | 27.29 | Hampton Inn Carlisle | 12,600,000 | 04/23/2017 | Yes | 1164 Harrisburg Pike | Carlisle | Cumberland | ||||
Property | 27.30 | Springhill Suites Williamsburg | 12,600,000 | 04/23/2017 | Yes | 1644 Richmond Road | Williamsburg | Williamsburg City | ||||
Property | 27.31 | Fairfield Inn Bloomington | 12,500,000 | 04/23/2017 | Yes | 120 South Fairfield Drive | Bloomington | Monroe | ||||
Property | 27.32 | Waco Residence Inn | 12,200,000 | 04/23/2017 | Yes | 501 South University | Waco | McLennan | ||||
Property | 27.33 | Holiday Inn Express Fishers | 11,400,000 | 04/23/2017 | Yes | 9791 North by Northeast Boulevard | Fishers | Hamilton | ||||
Property | 27.34 | Larkspur Landing Folsom | 11,100,000 | 04/23/2017 | Yes | 121 Iron Point Road | Folsom | Sacramento | ||||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | 10,500,000 | 04/23/2017 | Yes | 4305 Weaver Parkway | Warrenville | DuPage | ||||
Property | 27.36 | Holiday Inn Express & Suites Paris | 10,400,000 | 04/23/2017 | Yes | 3025 Northeast Loop 286 | Paris | Lamar | ||||
Property | 27.37 | Toledo Homewood Suites | 10,400,000 | 04/23/2017 | Yes | 1410 Arrowhead Drive | Maumee | Lucas | ||||
Property | 27.38 | Grand Rapids Homewood Suites | 10,100,000 | 04/23/2017 | Yes | 3920 Stahl Drive | Grand Rapids | Kent | ||||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | 9,400,000 | 04/23/2017 | Yes | 1415 Stillwater Avenue | Cheyenne | Laramie | ||||
Property | 27.40 | Fairfield Inn Laurel | 9,400,000 | 04/23/2017 | Yes | 13700 Baltimore Avenue | Laurel | Prince Georges | ||||
Property | 27.41 | Courtyard Akron Stow | 9,200,000 | 04/23/2017 | Yes | 4047 Bridgewater Parkway | Stow | Summit | ||||
Property | 27.42 | Larkspur Landing Roseville | 8,700,000 | 04/23/2017 | Yes | 1931 Taylor Road | Roseville | Placer | ||||
Property | 27.43 | Towneplace Suites Bloomington | 8,700,000 | 04/23/2017 | Yes | 105 South Franklin Road | Bloomington | Monroe | ||||
Property | 27.44 | Hampton Inn Danville | 8,600,000 | 04/23/2017 | Yes | 97 Old Valley School Road | Danville | Montour | ||||
Property | 27.45 | Holiday Inn Norwich | 8,500,000 | 04/23/2017 | Yes | 10 Laura Boulevard | Norwich | New London | ||||
Property | 27.46 | Hampton Inn Suites Longview North | 8,400,000 | 04/23/2017 | Yes | 3044 North Eastman Road | Longview | Gregg | ||||
Property | 27.47 | Springhill Suites Peoria Westlake | 8,400,000 | 04/23/2017 | Yes | 2701 West Lake Avenue | Peoria | Peoria | ||||
Property | 27.48 | Hampton Inn Suites Buda | 8,300,000 | 04/23/2017 | Yes | 1201 Cabelas Drive | Buda | Hays | ||||
Property | 27.49 | Shawnee Hampton Inn | 8,300,000 | 04/23/2017 | Yes | 4851 North Kickapoo | Shawnee | Pottawatomie | ||||
Property | 27.50 | Racine Fairfield Inn | 8,100,000 | 04/23/2017 | Yes | 6421 Washington Avenue | Racine | Racine | ||||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | 7,900,000 | 04/23/2017 | Yes | 3 Stetler Avenue | Shamokin Dam | Snyder | ||||
Property | 27.52 | Holiday Inn Express & Suites Terrell | 7,500,000 | 04/23/2017 | Yes | 300 Tanger Drive | Terrell | Kaufman | ||||
Property | 27.53 | Westchase Homewood Suites | 9,800,000 | 04/23/2017 | Yes | 2424 Rogerdale Road | Houston | Harris | ||||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | 7,200,000 | 04/23/2017 | Yes | 2421 East Southeast Loop 323 | Tyler | Smith | ||||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | 6,900,000 | 04/23/2017 | Yes | 148 Interstate 45 South | Huntsville | Walker | ||||
Property | 27.56 | Hampton Inn Sweetwater | 6,300,000 | 04/23/2017 | Yes | 302 Southeast Georgia Avenue | Sweetwater | Nolan | ||||
Property | 27.57 | Comfort Suites Buda Austin South | 5,300,000 | 04/23/2017 | Yes | 15295 South Interstate 35 Building 800 | Buda | Hays | ||||
Property | 27.58 | Fairfield Inn & Suites Weatherford | 5,000,000 | 04/23/2017 | Yes | 175 Alford Drive | Weatherford | Parker | ||||
Property | 27.59 | Holiday Inn Express & Suites Altus | 4,600,000 | 04/23/2017 | Yes | 2812 East Broadway | Altus | Jackson | ||||
Property | 27.60 | Comfort Inn & Suites Paris | 3,600,000 | 04/23/2017 | Yes | 3035 Northeast Loop 286 | Paris | Lamar | ||||
Property | 27.61 | Hampton Inn Suites Decatur | 3,600,000 | 04/23/2017 | Yes | 110 South Highway 81/287 | Decatur | Wise | ||||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | 4,100,000 | 04/23/2017 | Yes | 5210 Crossroads Parkway | Texarkana | Miller | ||||
Property | 27.63 | Mankato Fairfield Inn | 3,600,000 | 04/23/2017 | Yes | 141 Apache Place | Mankato | Blue Earth | ||||
Property | 27.64 | Candlewood Suites Texarkana | 2,600,000 | 04/23/2017 | Yes | 2901 South Cowhorn Creek Loop | Texarkana | Bowie | ||||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | 3,200,000 | 04/23/2017 | Yes | 20611 Highway 59 | Humble | Harris |
A-1-8
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
FIRREA | Cut-Off | |||||||||||
Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||
Property Flag | ID | Property Name | Period(13) | Date | Value ($)(14) | As-of Date | (Yes/No) | Ratio(10)(14)(29) | Maturity or ARD(10)(14)(29) | Address | City | County |
Loan | 28 | 4400 PGA Boulevard(24) | 0 | 6 | 19,150,000 | 07/26/2017 | Yes | 70.5% | 60.2% | 4400 PGA Boulevard | Palm Beach Gardens | Palm Beach |
Loan | 29 | Honey Creek Marketplace | 2 (Once per year) | 1 | 20,700,000 | 10/27/2017 | Yes | 64.2% | 58.9% | 4444 South US Highway 41 | Terre Haute | Vigo |
Loan | 30 | Metro Center V(24) | 0 | 6 | 19,200,000 | 11/07/2017 | Yes | 67.2% | 61.4% | 655 Metro Place South | Dublin | Franklin |
Loan | 31 | 1114-1126 Lake Street | 0 | 6 | 19,900,000 | 10/20/2017 | Yes | 64.3% | 52.6% | 1114-1126 Lake Street | Oak Park | Cook |
Loan | 32 | William Penn Building | 0 | 6 | 20,060,000 | 11/01/2017 | Yes | 52.3% | 44.4% | 501-515 F Street & 777-779 5th Avenue | San Diego | San Diego |
Loan | 33 | Tri State Neighborhood Center | 0 | 1 | 21,700,000 | 10/12/2017 | Yes | 45.2% | 41.2% | 10A State Route 23 | Montague | Sussex |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | 0 | 1 | 14,000,000 | 09/01/2017 | Yes | 69.9% | 53.1% | 7718 Front Beach Road | Panama City Beach | Bay |
Loan | 35 | Hampton Inn & Suites Shelby | 0 | 1 | 14,200,000 | 10/02/2017 | Yes | 66.9% | 50.1% | 2001-B East Dixon Boulevard | Shelby | Cleveland |
Loan | 36 | Goodale Office(24) | 0 | 6 | 12,720,000 | 08/30/2017 | Yes | 70.4% | 61.5% | 1400 & 1404 Goodale Boulevard | Grandview Heights | Franklin |
Loan | 37 | Hampton Inn Glenwood Springs | 0 | 1 | 12,000,000 | 10/01/2018 | Yes | 68.9% | 56.9% | 401 West 1st Street | Glenwood Springs | Garfield |
Loan | 38 | Pick ‘n Save Appleton WI | 0 | 6 | 11,500,000 | 10/27/2017 | Yes | 70.3% | 57.2% | 2700 North Ballard Road | Appleton | Outagamie |
Loan | 39 | Fresenius Portfolio V | 0 | 6 | 11,280,000 | Various | Yes | 64.7% | 59.3% | Various | Various | Various |
Property | 39.01 | Fresenius Dayton | 5,230,000 | 05/04/2017 | Yes | 821 Edwin C Moses Boulevard | Dayton | Montgomery | ||||
Property | 39.02 | Fresenius Davenport | 2,470,000 | 05/02/2017 | Yes | 120 Locust Street | Davenport | Scott | ||||
Property | 39.03 | Fresenius Rock Island | 2,120,000 | 05/02/2017 | Yes | 2623 17th Street | Rock Island | Rock Island | ||||
Property | 39.04 | Fresenius Muscatine | 1,460,000 | 05/02/2017 | Yes | 311 Parham Street | Muscatine | Muscatine | ||||
Loan | 40 | Village Square | 0 | 6 | 15,000,000 | 06/09/2017 | Yes | 48.0% | 48.0% | 2220 Mountain Boulevard | Oakland | Alameda |
Loan | 41 | Q-2 Self Storage | 0 | 1 | 10,700,000 | 08/09/2017 | Yes | 60.7% | 45.5% | 3520 Chamberlain Lane | Louisville | Jefferson |
Loan | 42 | Best Western Plus - Chalmette | 0 | 1 | 8,000,000 | 09/19/2017 | Yes | 69.9% | 53.1% | 3400 Paris Road | Chalmette | Saint Bernard |
Loan | 43 | Afton Village | 0 | 6 | 7,250,000 | 10/03/2017 | Yes | 73.9% | 55.1% | 360 Exchange Street Northwest | Concord | Cabarrus |
Loan | 44 | 21st Century Storage - Miami, FL | 0 | 6 | 7,675,000 | 10/19/2017 | Yes | 67.8% | 55.1% | 200 Northwest 79th Street and 7750 Northwest 2nd Avenue | Miami | Miami-Dade |
Loan | 45 | Hillside Mobile Estates | 0 | 6 | 20,540,000 | 10/10/2017 | Yes | 22.6% | 18.3% | 27701 Murrieta Road | Sun City | Riverside |
Loan | 46 | Callahan Plaza | 0 | 6 | 5,700,000 | 04/03/2017 | Yes | 70.5% | 58.2% | 450076 State Road 200 | Callahan | Nassau |
Loan | 47 | CityLine PA Portfolio | 0 | 6 | 5,990,000 | 11/03/2017 | Yes | 65.5% | 57.5% | Various | Various | Various |
Property | 47.01 | Carlisle Self Storage | 3,640,000 | 11/03/2017 | Yes | 906 Newville Road | Carlisle | Cumberland | ||||
Property | 47.02 | West Chocolate Self Storage | 2,350,000 | 11/03/2017 | Yes | 1052 Old West Chocolate Avenue | Hershey | Dauphin | ||||
Loan | 48 | CityLine BeCubed | 0 | 6 | 5,140,000 | 11/03/2017 | Yes | 69.6% | 61.3% | 22001 South 104th Avenue | Frankfort | Will |
Loan | 49 | Marketplace on Grove | 0 | 6 | 6,600,000 | 06/02/2017 | Yes | 53.0% | 45.7% | 1150 East Philadelphia Street | Ontario | San Bernardino |
A-1-9
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Units | Loan per Net | Second Most | |||||||||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | ||||||
Property Flag | ID | Property Name | State | Zip Code | Built | Renovated | (SF/Units/Rooms/Beds/Pads)(4) | Measure(4) | (SF/Units/Rooms/Beds/Pads)($)(4)(10) | (# of payments)(15)(16)(17) | Statements Date | EGI ($) | Expenses($) | NOI($)(12) | Statements Date(11) | |
Loan | 1 | 90 Hudson(2) | NJ | 07302 | 1999 | NAP | 431,658 | Sq. Ft. | 301 | L(25), YM1(1), DorYM1(91), O(3) | 08/31/2017 | 17,523,356 | 6,269,492 | 11,253,864 | 12/31/2016 | |
Loan | 2 | Valencia Town Center | CA | 91355 | 1995-2000 | NAP | 395,219 | Sq. Ft. | 147 | L(25), D(90), O(5) | 07/31/2017 | 16,700,058 | 8,805,905 | 7,894,153 | 12/31/2016 | |
Loan | 3 | The Woods(2) | CA | 95136 | 1981-2003 | 2017 | 1,841 | Units | 108,637 | L(25), DorYM1(28), O(7) | 09/30/2017 | 45,252,611 | 15,408,547 | 29,844,064 | 12/31/2016 | |
Loan | 4 | Griffin Portfolio(2) | Various | Various | Various | Various | 3,708,698 | Sq. Ft. | 101 | L(24), YM1(90), O(6) | 06/30/2017 | 53,078,885 | 16,389,774 | 36,689,111 | 12/31/2016 | |
Property | 4.01 | Restoration Hardware Distribution | CA | 95363 | 2015 | NAP | 1,501,387 | Sq. Ft. | 52 | 06/30/2017 | 8,028,759 | 1,995,571 | 6,033,188 | 12/31/2016 | ||
Property | 4.02 | State Farm Regional HQ | GA | 30346 | 1971, 1985 | 2012 | 584,785 | Sq. Ft. | 119 | 06/30/2017 | 11,675,335 | 4,275,112 | 7,400,223 | 12/31/2016 | ||
Property | 4.03 | North Pointe I | OH | 45069 | 2010 | NAP | 409,798 | Sq. Ft. | 97 | 06/30/2017 | 6,619,695 | 1,853,901 | 4,765,794 | 12/31/2016 | ||
Property | 4.04 | Corporate Campus at Norterra | AZ | 85085 | 2000 | NAP | 232,648 | Sq. Ft. | 168 | 06/30/2017 | 6,201,249 | 2,563,259 | 3,637,990 | 12/31/2016 | ||
Property | 4.05 | CHRISTUS Health HQ | TX | 75038 | 1997 | NAP | 253,340 | Sq. Ft. | 143 | 06/30/2017 | 6,149,427 | 2,691,404 | 3,458,023 | 12/31/2016 | ||
Property | 4.06 | Duke Bridges I | TX | 75034 | 2005 | NAP | 158,135 | Sq. Ft. | 174 | 06/30/2017 | 3,230,469 | 1,114,136 | 2,116,333 | 12/31/2016 | ||
Property | 4.07 | Wells Fargo Operations Center | NC | 28262 | 1984 | 2014 | 155,579 | Sq. Ft. | 173 | 06/30/2017 | 3,116,003 | 332,110 | 2,783,893 | 12/31/2016 | ||
Property | 4.08 | Ace Hardware HQ | IL | 60523 | 1974 | 2012 | 206,030 | Sq. Ft. | 110 | 06/30/2017 | 3,079,587 | 296,059 | 2,783,528 | 12/31/2016 | ||
Property | 4.09 | Royal Ridge V | TX | 75063 | 2004 | NAP | 119,611 | Sq. Ft. | 179 | 06/30/2017 | 2,885,615 | 1,007,695 | 1,877,920 | 12/31/2016 | ||
Property | 4.10 | Comcast Regional HQ | WA | 98087 | 2007 | NAP | 87,385 | Sq. Ft. | 161 | 06/30/2017 | 2,092,746 | 260,527 | 1,832,219 | 12/31/2016 | ||
Loan | 5 | Worldwide Plaza(2)(31)(32) | NY | 10019 | 1987 | 1996 | 2,049,553 | Sq. Ft. | 301 | L(26), D(89), O(5) | 06/30/2017 | 133,945,503 | 52,948,250 | 80,997,253 | 12/31/2016 | |
Loan | 6 | Station Place III(2)(32) | DC | 20002 | 2009 | NAP | 517,653 | Sq. Ft. | 367 | L(24), YM1(2), DorYM1(90), O(4) | 07/31/2017 | 35,079,513 | 12,710,332 | 22,369,181 | 12/31/2016 | |
Loan | 7 | Atrium Center(2) | MA | 02467 | 1986 | 2017 | 293,120 | Sq. Ft. | 392 | L(13), YM1(103), O(4) | ||||||
Loan | 8 | Sentinel Square II(2) | DC | 20002 | 2017 | NAP | 280,363 | Sq. Ft. | 366 | L(24), D(32), O(4) | ||||||
Loan | 9 | Spicetree Apartments | MI | 48108 | 1968 | 2017 | 551 | Units | 80,036 | L(25), D(91), O(4) | 10/31/2017 | 6,344,558 | 2,836,475 | 3,508,084 | 12/31/2016 | |
Loan | 10 | Radisson Blu Aqua Hotel(2) | IL | 60601 | 2011 | 2016 | 334 | Rooms | 191,617 | L(25), YM1(92), O(3) | 08/31/2017 | 37,020,701 | 30,186,284 | 6,834,417 | 12/31/2016 | |
Loan | 11 | 8900 Beverly | CA | 90048 | 2012 | NAP | 54,790 | Sq. Ft. | 785 | L(25), D(91), O(4) | 09/30/2017 | 3,718,865 | 733,001 | 2,985,863 | 12/31/2016 | |
Loan | 12 | Gateway Net Lease Portfolio(2) | Various | Various | Various | Various | 5,296,943 | Sq. Ft. | 67 | L(24), YM1(7), DorYM1(49), O(4) | ||||||
Property | 12.01 | BAE Facility | IN | 46809 | 2015 | NAP | 333,750 | Sq. Ft. | 88 | |||||||
Property | 12.02 | FedEx Ground (Stratford) | CT | 06615 | 2016 | NAP | 225,198 | Sq. Ft. | 126 | |||||||
Property | 12.03 | FedEx (Baltimore) | MD | 21219 | 2016 | NAP | 306,016 | Sq. Ft. | 85 | |||||||
Property | 12.04 | Harman Becker | MI | 48377 | 2015 | NAP | 188,042 | Sq. Ft. | 110 | |||||||
Property | 12.05 | GE Aviation (Lafayette) | IN | 47905 | 2015 | NAP | 306,406 | Sq. Ft. | 65 | |||||||
Property | 12.06 | GoDaddy | AZ | 85284 | 2014 | NAP | 150,000 | Sq. Ft. | 117 | |||||||
Property | 12.07 | Carrier | TX | 78264 | 2014 | NAP | 517,000 | Sq. Ft. | 33 | |||||||
Property | 12.08 | Emerus | TX | 77381 | 2000 | NAP | 95,640 | Sq. Ft. | 147 | |||||||
Property | 12.09 | Cardinal Health | MI | 48208 | 2015 | NAP | 275,951 | Sq. Ft. | 50 | |||||||
Property | 12.10 | Tyco Electronics | MN | 55379 | 2014 | NAP | 176,648 | Sq. Ft. | 77 | |||||||
Property | 12.11 | FCA/Caterpillar | TX | 78155 | 2012 | NAP | 300,000 | Sq. Ft. | 43 | |||||||
Property | 12.12 | FedEx Ground (Staunton) | VA | 24401 | 2016 | NAP | 225,198 | Sq. Ft. | 48 | |||||||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | WI | 53132 | 2006 | NAP | 205,000 | Sq. Ft. | 44 | |||||||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | WI | 53132 | 2006 | NAP | 218,000 | Sq. Ft. | 41 | |||||||
Property | 12.15 | T-Mobile Call Center | AL | 35211 | 1996 | 2014 | 66,500 | Sq. Ft. | 125 | |||||||
Property | 12.16 | Sikorsky Aircraft R&D Facility | TX | 75261 | 2008 | NAP | 150,975 | Sq. Ft. | 53 | |||||||
Property | 12.17 | Vatterott College | MO | 63134 | 2007 | NAP | 90,000 | Sq. Ft. | 83 | |||||||
Property | 12.18 | Comcast | FL | 33913 | 2008 | NAP | 57,260 | Sq. Ft. | 117 | |||||||
Property | 12.19 | Alfa Laval Plant | VA | 23231 | 1990 | 2005 | 180,252 | Sq. Ft. | 34 | |||||||
Property | 12.20 | LKQ (New Braunfels) | TX | 78130 | 2016 | NAP | 98,771 | Sq. Ft. | 61 | |||||||
Property | 12.21 | Hitachi | TX | 75063 | 2000 | 2012 | 72,056 | Sq. Ft. | 80 | |||||||
Property | 12.22 | Cameron International | PA | 16933 | 2013 | NAP | 75,000 | Sq. Ft. | 73 | |||||||
Property | 12.23 | Alliance Data Systems Office | OH | 43081 | 1990 | 2005 | 100,800 | Sq. Ft. | 51 | |||||||
Property | 12.24 | Synchrony Financial | FL | 32779 | 1983 | NAP | 67,775 | Sq. Ft. | 71 | |||||||
Property | 12.25 | Baxalta (Barry Pointe) | MO | 64158 | 2017 | NAP | 16,686 | Sq. Ft. | 222 | |||||||
Property | 12.26 | Baxalta (Casselberry) | FL | 32707 | 2017 | NAP | 16,694 | Sq. Ft. | 211 | |||||||
Property | 12.27 | Baxalta (Mounds View) | MN | 55112 | 2015 | NAP | 16,694 | Sq. Ft. | 200 | |||||||
Property | 12.28 | Baxalta (Grand Rapids) | MI | 49546 | 2014 | NAP | 16,694 | Sq. Ft. | 199 | |||||||
Property | 12.29 | Gerdau | NV | 89103 | 1986 | 2015 | 46,976 | Sq. Ft. | 71 | |||||||
Property | 12.30 | Baxalta (Wausau) | WI | 54401 | 2015 | NAP | 16,694 | Sq. Ft. | 194 | |||||||
Property | 12.31 | Baxalta (Springfield) | MO | 65807 | 2015 | NAP | 16,694 | Sq. Ft. | 188 | |||||||
Property | 12.32 | LKQ (Salisbury) | NC | 28216 | 1960 | 2005 | 205,100 | Sq. Ft. | 15 | |||||||
Property | 12.33 | Baxalta (Ankeny) | IA | 50021 | 2015 | NAP | 16,694 | Sq. Ft. | 178 | |||||||
Property | 12.34 | H&E Equipment Services (San Antonio) | TX | 78220 | 2015 | NAP | 26,535 | Sq. Ft. | 98 | |||||||
Property | 12.35 | H&E Equipment Services (New Orleans) | LA | 70126 | 2015 | NAP | 18,808 | Sq. Ft. | 130 | |||||||
Property | 12.36 | GE Aviation (Pompano) | FL | 33069 | 1985 | 2012 | 30,892 | Sq. Ft. | 74 | |||||||
Property | 12.37 | Saint-Gobain Warehouse | AL | 35654 | 2009, 2014 | NAP | 102,950 | Sq. Ft. | 20 | |||||||
Property | 12.38 | H&E Equipment Services (Columbia) | SC | 29203 | 2015 | NAP | 19,380 | Sq. Ft. | 106 | |||||||
Property | 12.39 | H&E Equipment Services (Yukon) | OK | 73099 | 2015 | NAP | 19,608 | Sq. Ft. | 103 | |||||||
Property | 12.40 | LKQ (Toledo) | OH | 43612 | 1975, 2012 | 2013 | 207,998 | Sq. Ft. | 10 | |||||||
Property | 12.41 | H&E Equipment Services (Greer) | SC | 29651 | 2015 | NAP | 19,608 | Sq. Ft. | 101 | |||||||
Loan | 13 | Lehigh Valley Mall(2) | PA | 18052 | 1976 | 2006 | 545,233 | Sq. Ft. | 366 | L(26), D(87), O(7) | 08/31/2017 | 35,447,338 | 9,071,090 | 26,376,248 | 12/31/2016 | |
Loan | 14 | Rochester Hotel Portfolio(2) | MN | Various | Various | Various | 1,222 | Rooms | 114,566 | L(26), D(89), O(5) | 10/31/2017 | 53,183,313 | 36,352,376 | 16,830,937 | 12/31/2016 | |
Property | 14.01 | Rochester Marriott | MN | 55902 | 1989 | 2016 | 202 | Rooms | 263,614 | 10/31/2017 | 15,999,093 | 9,865,112 | 6,133,981 | 12/31/2016 | ||
Property | 14.02 | Kahler Grand | MN | 55902 | 1927 | 2010 | 660 | Rooms | 76,515 | 10/31/2017 | 23,472,734 | 17,485,858 | 5,986,876 | 12/31/2016 | ||
Property | 14.03 | Kahler Inn & Suites | MN | 55901 | 1971, 1979, 1988 | 2010 | 271 | Rooms | 78,413 | 10/31/2017 | 9,532,268 | 6,505,102 | 3,027,166 | 12/31/2016 | ||
Property | 14.04 | Residence Inn Rochester | MN | 55902 | 2004 | 2013 | 89 | Rooms | 168,539 | 10/31/2017 | 4,179,218 | 2,496,305 | 1,682,913 | 12/31/2016 | ||
Loan | 15 | Oasis at Pavilion Park | TX | 79705 | 2016 | NAP | 336 | Units | 107,143 | L(24), D(92), O(4) | 09/30/2017 | 4,626,571 | 1,912,807 | 2,713,764 | 12/31/2016 | |
Loan | 16 | 521-523 East 72nd Street(2)(32) | NY | 10021 | 1920 | 1991 | 99,316 | Sq. Ft. | 856 | L(29), D(85), O(6) | 03/31/2017 | 9,378,321 | 3,466,478 | 5,911,843 | 12/31/2016 | |
Loan | 17 | 156-168 Bleecker | NY | 10012 | 1910 | 1986 | 29,415 | Sq. Ft. | 1,156 | L(25), D(90), O(5) | 08/31/2017 | 2,866,499 | 930,543 | 1,935,956 | 12/31/2016 | |
Loan | 18 | Marriott Charlotte City Center(2) | NC | 28202 | 1984 | 2016 | 446 | Rooms | 230,942 | L(31), D(22), O(7) | 11/30/2017 | 38,143,721 | 25,249,161 | 12,894,561 | 12/31/2016 | |
Loan | 19 | Miracle Mile Shopping Center(2) | PA | 15146 | 1954 | 2008 | 298,694 | Sq. Ft. | 187 | L(27), D(88), O(5) | 05/31/2017 | 7,764,193 | 2,002,764 | 5,761,429 | 12/31/2016 | |
Loan | 20 | Center Promenade(24) | CA | 93003 | 1983 | NAP | 186,722 | Sq. Ft. | 119 | L(24), D(89), O(7) | 10/31/2017 | 3,567,533 | 1,430,111 | 2,137,422 | 06/30/2016 | |
Loan | 21 | The Arbors | NC | 27604 | 1988, 1995, 1998 | NAP | 211,504 | Sq. Ft. | 100 | L(25), YM2(91), O(4) | 07/31/2017 | 3,679,653 | 1,171,031 | 2,508,622 | 12/31/2016 |
A-1-10
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Units | Loan per Net | Second Most | |||||||||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | ||||||
Property Flag | ID | Property Name | State | Zip Code | Built | Renovated | (SF/Units/Rooms/Beds/Pads)(4) | Measure(4) | (SF/Units/Rooms/Beds/Pads)($)(4)(10) | (# of payments)(15)(16)(17) | Statements Date | EGI ($) | Expenses($) | NOI($)(12) | Statements Date(11) | |
Loan | 22 | Towers at University Town Center(2) | MD | 20782 | 2006 | NAP | 910 | Beds | 50,549 | L(25), YM1(92), O(3) | 09/30/2017 | 9,974,306 | 5,687,968 | 4,286,338 | 12/31/2016 | |
Loan | 23 | Olive Park Shopping Center | NC | 27615 | 2017 | NAP | 63,332 | Sq. Ft. | 250 | L(24), D(92), O(4) | ||||||
Loan | 24 | Two Harbor Point Square(2)(31) | CT | 06902 | 2010 | NAP | 140,082 | Sq. Ft. | 353 | YM1(25), DorYM1(89), O(6) | 08/31/2017 | 8,461,434 | 2,860,897 | 5,600,537 | 12/31/2016 | |
Loan | 25 | Valley Crossing | TX | 78599 | 2010 | NAP | 75,228 | Sq. Ft. | 196 | L(25), D(32), O(3) | 10/31/2017 | 2,068,012 | 774,566 | 1,293,446 | 12/31/2016 | |
Loan | 26 | AHIP Northeast Portfolio I(2) | Various | Various | Various | Various | 612 | Rooms | 113,725 | L(30), D(86), O(4) | 03/31/2017 | 26,397,207 | 16,084,718 | 10,312,489 | 12/31/2016 | |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | MD | 21236 | 1999 | 2014 | 155 | Rooms | 128,554 | 03/31/2017 | 7,679,911 | 4,749,871 | 2,930,040 | 12/31/2016 | ||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | PA | 18106 | 2010 | NAP | 108 | Rooms | 124,731 | 03/31/2017 | 4,789,228 | 2,748,018 | 2,041,210 | 12/31/2016 | ||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | NJ | 07753 | 2007 | 2014 | 113 | Rooms | 116,729 | 03/31/2017 | 4,789,159 | 2,967,446 | 1,821,713 | 12/31/2016 | ||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | MD | 21076 | 2006 | 2014 | 128 | Rooms | 100,857 | 03/31/2017 | 4,844,284 | 2,898,830 | 1,945,454 | 12/31/2016 | ||
Property | 26.05 | Homewood Suites - Dover Rockaway | NJ | 07801 | 2009 | 2016 | 108 | Rooms | 93,548 | 03/31/2017 | 4,294,625 | 2,720,553 | 1,574,072 | 12/31/2016 | ||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | Various | Various | Various | Various | 6,366 | Rooms | 90,680 | L(12), YM1(105), O(3) | 03/31/2017 | 212,650,616 | 140,075,692 | 72,574,924 | 12/31/2016 | |
Property | 27.01 | Larkspur Landing Sunnyvale | CA | 94085 | 2000 | NAP | 126 | Rooms | 270,381 | 03/31/2017 | 7,774,225 | 3,182,596 | 4,591,630 | 12/31/2016 | ||
Property | 27.02 | Larkspur Landing Milpitas | CA | 95035 | 1998 | NAP | 124 | Rooms | 231,501 | 03/31/2017 | 6,764,028 | 2,934,998 | 3,829,030 | 12/31/2016 | ||
Property | 27.03 | Larkspur Landing Campbell | CA | 95008 | 2000 | NAP | 117 | Rooms | 215,730 | 03/31/2017 | 6,059,570 | 2,757,497 | 3,302,074 | 12/31/2016 | ||
Property | 27.04 | Larkspur Landing San Francisco | CA | 94080 | 1999 | NAP | 111 | Rooms | 187,333 | 03/31/2017 | 5,697,514 | 3,243,028 | 2,454,486 | 12/31/2016 | ||
Property | 27.05 | Larkspur Landing Pleasanton | CA | 94588 | 1997 | NAP | 124 | Rooms | 164,002 | 03/31/2017 | 5,193,352 | 2,729,274 | 2,464,078 | 12/31/2016 | ||
Property | 27.06 | Larkspur Landing Bellevue | WA | 98006 | 1998 | NAP | 126 | Rooms | 143,754 | 03/31/2017 | 4,692,425 | 2,495,573 | 2,196,852 | 12/31/2016 | ||
Property | 27.07 | Larkspur Landing Sacramento | CA | 95825 | 1998 | NAP | 124 | Rooms | 109,159 | 03/31/2017 | 4,214,257 | 2,376,584 | 1,837,673 | 12/31/2016 | ||
Property | 27.08 | Hampton Inn Ann Arbor North | MI | 48105 | 1988 | 2015 | 129 | Rooms | 102,393 | 03/31/2017 | 4,826,301 | 2,931,510 | 1,894,791 | 12/31/2016 | ||
Property | 27.09 | Larkspur Landing Hillsboro | OR | 97124 | 1997 | NAP | 124 | Rooms | 106,522 | 03/31/2017 | 3,941,272 | 2,212,809 | 1,728,463 | 12/31/2016 | ||
Property | 27.10 | Larkspur Landing Renton | WA | 98057 | 1998 | NAP | 127 | Rooms | 102,976 | 03/31/2017 | 4,423,020 | 2,707,102 | 1,715,917 | 12/31/2016 | ||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | TX | 76011 | 2008 | 2013 | 147 | Rooms | 85,407 | 03/31/2017 | 5,568,856 | 4,003,041 | 1,565,815 | 12/31/2016 | ||
Property | 27.12 | Residence Inn Toledo Maumee | OH | 43537 | 2008 | 2016 | 108 | Rooms | 115,038 | 03/31/2017 | 4,066,425 | 2,577,284 | 1,489,141 | 12/31/2016 | ||
Property | 27.13 | Residence Inn Williamsburg | VA | 23185 | 1999 | 2012 | 108 | Rooms | 110,194 | 03/31/2017 | 3,955,706 | 2,577,258 | 1,378,448 | 12/31/2016 | ||
Property | 27.14 | Hampton Inn Suites Waco South | TX | 76711 | 2008 | 2013 | 123 | Rooms | 89,313 | 03/31/2017 | 4,293,844 | 2,857,582 | 1,436,261 | 12/31/2016 | ||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | KY | 40209 | 2008 | NAP | 106 | Rooms | 101,786 | 03/31/2017 | 4,185,314 | 2,774,983 | 1,410,331 | 12/31/2016 | ||
Property | 27.16 | Courtyard Tyler | TX | 75703 | 2010 | 2016 | 121 | Rooms | 87,547 | 03/31/2017 | 3,341,364 | 2,071,232 | 1,270,131 | 12/31/2016 | ||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | NJ | 08837 | 2002 | 2014 | 132 | Rooms | 80,251 | 03/31/2017 | 5,848,958 | 4,501,494 | 1,347,464 | 12/31/2016 | ||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | MN | 55128 | 2005 | 2013 | 116 | Rooms | 90,193 | 03/31/2017 | 4,891,094 | 3,176,826 | 1,714,268 | 12/31/2016 | ||
Property | 27.19 | Residence Inn Grand Rapids West | MI | 49418 | 2000 | 2017 | 90 | Rooms | 114,795 | 03/31/2017 | 3,115,120 | 1,993,563 | 1,121,557 | 12/31/2016 | ||
Property | 27.20 | Peoria, AZ Residence Inn | AZ | 85382 | 1998 | 2013 | 90 | Rooms | 114,069 | 03/31/2017 | 3,248,248 | 2,073,979 | 1,174,268 | 12/31/2016 | ||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | IL | 61761 | 2007 | 2015 | 128 | Rooms | 79,694 | 03/31/2017 | 3,738,690 | 2,323,067 | 1,415,623 | 12/31/2016 | ||
Property | 27.22 | Courtyard Chico | CA | 95928 | 2005 | 2015 | 90 | Rooms | 111,163 | 03/31/2017 | 3,850,184 | 2,409,784 | 1,440,399 | 12/31/2016 | ||
Property | 27.23 | Hampton Inn Suites Kokomo | IN | 46902 | 1997 | 2013 | 105 | Rooms | 92,168 | 03/31/2017 | 3,680,915 | 2,406,941 | 1,273,974 | 12/31/2016 | ||
Property | 27.24 | Hampton Inn Suites South Bend | IN | 46637 | 1997 | 2014 | 117 | Rooms | 82,715 | 03/31/2017 | 3,810,167 | 2,560,292 | 1,249,874 | 12/31/2016 | ||
Property | 27.25 | Courtyard Wichita Falls | TX | 76308 | 2009 | 2017 | 93 | Rooms | 99,139 | 03/31/2017 | 3,121,444 | 2,010,030 | 1,111,414 | 12/31/2016 | ||
Property | 27.26 | Hampton Inn Morehead | NC | 28557 | 1991 | 2017 | 118 | Rooms | 75,919 | 03/31/2017 | 3,154,358 | 2,044,468 | 1,109,890 | 12/31/2016 | ||
Property | 27.27 | Residence Inn Chico | CA | 95928 | 2005 | 2014 | 78 | Rooms | 111,498 | 03/31/2017 | 3,273,835 | 2,069,989 | 1,203,846 | 12/31/2016 | ||
Property | 27.28 | Courtyard Lufkin | TX | 75901 | 2009 | 2017 | 101 | Rooms | 82,223 | 03/31/2017 | 2,752,597 | 2,000,258 | 752,338 | 12/31/2016 | ||
Property | 27.29 | Hampton Inn Carlisle | PA | 17013 | 1997 | 2014 | 97 | Rooms | 84,939 | 03/31/2017 | 3,439,196 | 2,305,135 | 1,134,061 | 12/31/2016 | ||
Property | 27.30 | Springhill Suites Williamsburg | VA | 23185 | 2002 | 2012 | 120 | Rooms | 68,659 | 03/31/2017 | 3,361,902 | 2,469,058 | 892,843 | 12/31/2016 | ||
Property | 27.31 | Fairfield Inn Bloomington | IN | 47404 | 1995 | 2015 | 105 | Rooms | 77,845 | 03/31/2017 | 3,018,966 | 1,711,211 | 1,307,756 | 12/31/2016 | ||
Property | 27.32 | Waco Residence Inn | TX | 76706 | 1997 | 2012 | 78 | Rooms | 102,276 | 03/31/2017 | 3,136,682 | 2,208,764 | 927,918 | 12/31/2016 | ||
Property | 27.33 | Holiday Inn Express Fishers | IN | 46037 | 2000 | 2012 | 115 | Rooms | 64,821 | 03/31/2017 | 3,176,451 | 2,209,137 | 967,314 | 12/31/2016 | ||
Property | 27.34 | Larkspur Landing Folsom | CA | 95630 | 2000 | NAP | 84 | Rooms | 86,408 | 03/31/2017 | 2,902,483 | 2,029,275 | 873,208 | 12/31/2016 | ||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | IL | 60555 | 1997 | 2013 | 128 | Rooms | 53,640 | 03/31/2017 | 3,321,573 | 2,613,848 | 707,725 | 12/31/2016 | ||
Property | 27.36 | Holiday Inn Express & Suites Paris | TX | 75460 | 2009 | NAP | 84 | Rooms | 80,959 | 03/31/2017 | 2,343,673 | 1,533,494 | 810,179 | 12/31/2016 | ||
Property | 27.37 | Toledo Homewood Suites | OH | 43537 | 1997 | 2014 | 78 | Rooms | 87,186 | 03/31/2017 | 2,929,714 | 1,970,860 | 958,854 | 12/31/2016 | ||
Property | 27.38 | Grand Rapids Homewood Suites | MI | 49546 | 1997 | 2013 | 78 | Rooms | 84,671 | 03/31/2017 | 3,009,146 | 2,254,528 | 754,618 | 12/31/2016 | ||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | WY | 82009 | 1994 | 2013 | 60 | Rooms | 102,444 | 03/31/2017 | 1,961,942 | 1,198,541 | 763,401 | 12/31/2016 | ||
Property | 27.40 | Fairfield Inn Laurel | MD | 20707 | 1988 | 2013 | 109 | Rooms | 56,391 | 03/31/2017 | 3,127,939 | 2,454,865 | 673,074 | 12/31/2016 | ||
Property | 27.41 | Courtyard Akron Stow | OH | 44224 | 2005 | 2014 | 101 | Rooms | 59,563 | 03/31/2017 | 3,168,035 | 2,265,448 | 902,586 | 12/31/2016 | ||
Property | 27.42 | Larkspur Landing Roseville | CA | 95661 | 1999 | NAP | 90 | Rooms | 63,210 | 03/31/2017 | 2,851,065 | 2,050,973 | 800,092 | 12/31/2016 | ||
Property | 27.43 | Towneplace Suites Bloomington | IN | 47404 | 2000 | 2013 | 83 | Rooms | 68,541 | 03/31/2017 | 2,441,633 | 1,579,332 | 862,300 | 12/31/2016 | ||
Property | 27.44 | Hampton Inn Danville | PA | 17821 | 1998 | 2013 | 71 | Rooms | 79,204 | 03/31/2017 | 2,591,371 | 1,849,816 | 741,555 | 12/31/2016 | ||
Property | 27.45 | Holiday Inn Norwich | CT | 06360 | 1975 | 2013 | 135 | Rooms | 41,171 | 03/31/2017 | 4,801,904 | 4,023,218 | 778,687 | 12/31/2016 | ||
Property | 27.46 | Hampton Inn Suites Longview North | TX | 75605 | 2008 | 2013 | 91 | Rooms | 60,360 | 03/31/2017 | 2,322,688 | 1,660,639 | 662,049 | 12/31/2016 | ||
Property | 27.47 | Springhill Suites Peoria Westlake | IL | 61615 | 2000 | 2013 | 124 | Rooms | 44,296 | 03/31/2017 | 2,918,586 | 2,421,747 | 496,839 | 12/31/2016 | ||
Property | 27.48 | Hampton Inn Suites Buda | TX | 78610 | 2008 | NAP | 74 | Rooms | 73,343 | 03/31/2017 | 2,627,746 | 1,761,027 | 866,719 | 12/31/2016 | ||
Property | 27.49 | Shawnee Hampton Inn | OK | 74804 | 1996 | 2013 | 63 | Rooms | 86,148 | 03/31/2017 | 1,892,474 | 1,264,237 | 628,237 | 12/31/2016 | ||
Property | 27.50 | Racine Fairfield Inn | WI | 53406 | 1991 | 2016 | 62 | Rooms | 85,429 | 03/31/2017 | 1,812,261 | 1,199,377 | 612,885 | 12/31/2016 | ||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | PA | 17876 | 1996 | 2013 | 75 | Rooms | 68,877 | 03/31/2017 | 2,433,055 | 1,733,654 | 699,401 | 12/31/2016 | ||
Property | 27.52 | Holiday Inn Express & Suites Terrell | TX | 75160 | 2007 | 2013 | 68 | Rooms | 72,121 | 03/31/2017 | 2,149,392 | 1,533,271 | 616,121 | 12/31/2016 | ||
Property | 27.53 | Westchase Homewood Suites | TX | 77042 | 1998 | 2016 | 96 | Rooms | 49,446 | 03/31/2017 | 2,958,058 | 2,563,519 | 394,540 | 12/31/2016 | ||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | TX | 75701 | 2000 | 2015 | 88 | Rooms | 53,501 | 03/31/2017 | 2,128,673 | 1,518,165 | 610,507 | 12/31/2016 | ||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | TX | 77340 | 2008 | 2013 | 87 | Rooms | 51,861 | 03/31/2017 | 2,360,887 | 1,659,727 | 701,160 | 12/31/2016 | ||
Property | 27.56 | Hampton Inn Sweetwater | TX | 79556 | 2009 | NAP | 72 | Rooms | 57,216 | 03/31/2017 | 1,585,686 | 1,177,401 | 408,284 | 12/31/2016 | ||
Property | 27.57 | Comfort Suites Buda Austin South | TX | 78610 | 2009 | NAP | 72 | Rooms | 48,134 | 03/31/2017 | 2,082,208 | 1,530,153 | 552,056 | 12/31/2016 | ||
Property | 27.58 | Fairfield Inn & Suites Weatherford | TX | 76087 | 2009 | 2016 | 86 | Rooms | 38,017 | 03/31/2017 | 1,659,116 | 1,339,100 | 320,016 | 12/31/2016 | ||
Property | 27.59 | Holiday Inn Express & Suites Altus | OK | 73521 | 2008 | 2013 | 68 | Rooms | 38,961 | 03/31/2017 | 1,417,147 | 1,198,163 | 218,984 | 12/31/2016 | ||
Property | 27.60 | Comfort Inn & Suites Paris | TX | 75460 | 2009 | NAP | 56 | Rooms | 42,036 | 03/31/2017 | 1,157,262 | 900,440 | 256,821 | 12/31/2016 | ||
Property | 27.61 | Hampton Inn Suites Decatur | TX | 76234 | 2008 | 2013 | 74 | Rooms | 30,441 | 03/31/2017 | 1,550,317 | 1,362,365 | 187,952 | 12/31/2016 | ||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | AR | 71854 | 2009 | NAP | 88 | Rooms | 23,705 | 03/31/2017 | 1,638,961 | 1,463,932 | 175,029 | 12/31/2016 | ||
Property | 27.63 | Mankato Fairfield Inn | MN | 56001 | 1997 | 2016 | 61 | Rooms | 30,645 | 03/31/2017 | 1,236,472 | 1,080,742 | 155,731 | 12/31/2016 | ||
Property | 27.64 | Candlewood Suites Texarkana | TX | 75503 | 2009 | 2014 | 80 | Rooms | 18,066 | 03/31/2017 | 1,239,140 | 1,117,335 | 121,805 | 12/31/2016 | ||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | TX | 77338 | 2001 | 2017 | 62 | Rooms | 22,139 | 03/31/2017 | 413,730 | 860,149 | -446,419 | 12/31/2016 |
A-1-11
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Units | Loan per Net | Second Most | |||||||||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | ||||||
Property Flag | ID | Property Name | State | Zip Code | Built | Renovated | (SF/Units/Rooms/Beds/Pads)(4) | Measure(4) | (SF/Units/Rooms/Beds/Pads)($)(4)(10) | (# of payments)(15)(16)(17) | Statements Date | EGI ($) | Expenses($) | NOI($)(12) | Statements Date(11) | |
Loan | 28 | 4400 PGA Boulevard(24) | FL | 33410 | 1989 | 2015 | 80,839 | Sq. Ft. | 167 | L(27), D(89), O(4) | 06/30/2017 | 2,215,474 | 735,302 | 1,480,172 | 12/31/2016 | |
Loan | 29 | Honey Creek Marketplace | IN | 47802 | 2016 | NAP | 107,733 | Sq. Ft. | 123 | L(25), YM1(32), O(3) | 10/31/2017 | 1,643,319 | 230,268 | 1,413,051 | ||
Loan | 30 | Metro Center V(24) | OH | 43017 | 1985 | 1999 | 215,571 | Sq. Ft. | 60 | L(24), D(92), O(4) | 09/30/2017 | 3,207,461 | 1,736,520 | 1,470,941 | 12/31/2016 | |
Loan | 31 | 1114-1126 Lake Street | IL | 60301 | 2006 | NAP | 63,317 | Sq. Ft. | 202 | L(24), D(92), O(4) | 09/30/2017 | 1,686,455 | 408,094 | 1,278,361 | 12/31/2016 | |
Loan | 32 | William Penn Building | CA | 92101 | 1913 | 2016 | 27,200 | Sq. Ft. | 423 | L(25), D(91), O(4) | 06/30/2017 | 554,544 | 201,484 | 353,060 | ||
Loan | 33 | Tri State Neighborhood Center | NJ | 07827 | 1969 | 2002 | 114,679 | Sq. Ft. | 85 | L(25), YM1(56), O(3) | 08/31/2017 | 2,043,587 | 649,686 | 1,393,901 | 12/31/2016 | |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | FL | 32407 | 2016 | NAP | 109 | Rooms | 89,780 | L(25), YM1(92), O(3) | 09/30/2017 | 3,652,085 | 2,114,265 | 1,537,820 | ||
Loan | 35 | Hampton Inn & Suites Shelby | NC | 28152 | 2015 | NAP | 86 | Rooms | 110,412 | L(25), D(92), O(3) | 09/30/2017 | 2,768,036 | 1,480,893 | 1,287,143 | 12/31/2016 | |
Loan | 36 | Goodale Office(24) | OH | 43212 | 1955, 1986 | 2016 | 79,763 | Sq. Ft. | 112 | L(27), D(89), O(4) | 10/31/2017 | 752,631 | 446,403 | 306,228 | 12/31/2016 | |
Loan | 37 | Hampton Inn Glenwood Springs | CO | 81601 | 1998 | 2010 | 70 | Rooms | 118,163 | L(25), D(92), O(3) | 10/31/2017 | 2,736,958 | 1,702,733 | 1,034,225 | 12/31/2016 | |
Loan | 38 | Pick ‘n Save Appleton WI | WI | 54911 | 2004 | NAP | 65,313 | Sq. Ft. | 124 | L(24), D(93), O(3) | 09/30/2017 | 745,980 | 36,520 | 709,460 | 12/31/2016 | |
Loan | 39 | Fresenius Portfolio V | Various | Various | Various | NAP | 26,126 | Sq. Ft. | 279 | L(30), D(87), O(3) | ||||||
Property | 39.01 | Fresenius Dayton | OH | 45417 | 2017 | NAP | 8,419 | Sq. Ft. | 404 | |||||||
Property | 39.02 | Fresenius Davenport | IA | 52803 | 1995 | NAP | 7,048 | Sq. Ft. | 227 | |||||||
Property | 39.03 | Fresenius Rock Island | IL | 61201 | 2009 | NAP | 6,050 | Sq. Ft. | 224 | |||||||
Property | 39.04 | Fresenius Muscatine | IA | 52761 | 2010 | NAP | 4,609 | Sq. Ft. | 204 | |||||||
Loan | 40 | Village Square | CA | 94611 | 1967 | 1988 | 36,047 | Sq. Ft. | 200 | L(28), D(87), O(5) | 04/30/2017 | 1,515,477 | 676,725 | 838,752 | 12/31/2016 | |
Loan | 41 | Q-2 Self Storage | KY | 40241 | 2001 | NAP | 933 | Units | 6,956 | L(25), YM1(93), O(2) | 10/31/2017 | 1,399,320 | 689,792 | 709,528 | 12/31/2016 | |
Loan | 42 | Best Western Plus - Chalmette | LA | 70043 | 2011 | 2017 | 65 | Rooms | 86,031 | L(25), YM1(92), O(3) | 09/30/2017 | 2,075,938 | 1,151,200 | 924,738 | 12/31/2016 | |
Loan | 43 | Afton Village | NC | 28027 | 2002, 2012 | NAP | 29,764 | Sq. Ft. | 180 | L(25), D(91), O(4) | 08/31/2017 | 840,153 | 251,222 | 588,931 | 12/31/2016 | |
Loan | 44 | 21st Century Storage - Miami, FL | FL | 33150 | 1955 | 2003 | 649 | Units | 8,012 | L(24), D(92), O(4) | 10/31/2017 | 789,694 | 336,069 | 453,625 | 12/31/2016 | |
Loan | 45 | Hillside Mobile Estates | CA | 92586 | 1983 | NAP | 276 | Pads | 16,828 | L(25), D(91), O(4) | 12/31/2016 | 1,978,945 | 797,876 | 1,181,069 | 12/31/2015 | |
Loan | 46 | Callahan Plaza | FL | 32011 | 1973, 1986 | 2016 | 91,685 | Sq. Ft. | 44 | L(31), D(86), O(3) | 12/31/2016 | 433,241 | 146,866 | 286,375 | 12/31/2015 | |
Loan | 47 | CityLine PA Portfolio | PA | Various | Various | Various | 618 | Units | 6,351 | L(24), D(92), O(4) | 10/31/2017 | 604,177 | 217,158 | 387,019 | 12/31/2016 | |
Property | 47.01 | Carlisle Self Storage | PA | 17013 | 1982, 2002 | 2016 | 420 | Units | 5,571 | 10/31/2017 | 362,753 | 136,274 | 226,479 | 12/31/2016 | ||
Property | 47.02 | West Chocolate Self Storage | PA | 17033 | 1992-2003 | NAP | 198 | Units | 8,005 | 10/31/2017 | 241,424 | 80,884 | 160,540 | 12/31/2016 | ||
Loan | 48 | CityLine BeCubed | IL | 60423 | 2004 | NAP | 293 | Units | 12,201 | L(24), D(92), O(4) | 10/31/2017 | 486,321 | 182,446 | 303,876 | 12/31/2016 | |
Loan | 49 | Marketplace on Grove | CA | 91761 | 2007 | NAP | 14,225 | Sq. Ft. | 246 | L(30), D(86), O(4) | 05/31/2017 | 496,419 | 173,869 | 322,551 | 12/31/2016 |
A-1-12
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second | Second | Second | Third Most | Third | Third | Third | ||||||||||||
Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||
Property Flag | ID | Property Name | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(29) | Debt Yield(29) | Revenue($) | EGI($) | Expenses($) | NOI ($)(12) | Reserves($) | TI/LC($) | NCF ($) |
Loan | 1 | 90 Hudson(2) | 14,583,373 | 6,926,876 | 7,656,497 | 12/31/2015 | 12,801,822 | 6,874,589 | 5,927,234 | 9.1% | 8.6% | 15,428,946 | 19,557,986 | 7,670,668 | 11,887,318 | 86,332 | 647,487 | 11,153,500 |
Loan | 2 | Valencia Town Center | 17,293,148 | 8,846,125 | 8,447,024 | 12/31/2015 | 16,357,633 | 8,009,652 | 8,347,981 | 14.3% | 13.3% | 12,118,996 | 17,131,520 | 8,817,344 | 8,314,176 | 75,092 | 505,119 | 7,733,966 |
Loan | 3 | The Woods(2) | 43,763,265 | 13,881,922 | 29,881,343 | 12/31/2015 | 41,350,694 | 13,735,060 | 27,615,634 | 15.2% | 14.9% | 48,924,026 | 45,252,611 | 14,939,344 | 30,313,267 | 460,250 | 29,853,017 | |
Loan | 4 | Griffin Portfolio(2) | 52,468,474 | 16,049,042 | 36,419,432 | 12/31/2015 | 37,692,649 | 10,913,927 | 26,778,722 | 10.2% | 9.5% | 58,699,148 | 54,906,442 | 16,595,713 | 38,310,729 | 591,601 | 2,066,126 | 35,653,002 |
Property | 4.01 | Restoration Hardware Distribution | 7,922,342 | 1,735,336 | 6,187,006 | 12/31/2015 | 2,730,117 | 421,425 | 2,308,692 | 8,340,320 | 7,923,304 | 1,806,767 | 6,116,537 | 150,139 | 300,277 | 5,666,121 | ||
Property | 4.02 | State Farm Regional HQ | 11,859,572 | 4,454,970 | 7,404,602 | 12/31/2015 | 7,175,683 | 2,325,157 | 4,850,526 | 14,129,303 | 12,485,699 | 4,833,549 | 7,652,150 | 116,957 | 467,828 | 7,067,365 | ||
Property | 4.03 | North Pointe I | 6,772,011 | 1,906,212 | 4,865,800 | 12/31/2015 | 5,779,627 | 1,659,836 | 4,119,792 | 6,957,616 | 6,609,735 | 1,798,899 | 4,810,836 | 81,960 | 327,838 | 4,401,038 | ||
Property | 4.04 | Corporate Campus at Norterra | 6,158,229 | 2,434,617 | 3,723,611 | 12/31/2015 | 5,931,856 | 2,366,863 | 3,564,993 | 6,600,174 | 6,336,045 | 2,530,233 | 3,805,812 | 46,530 | 186,118 | 3,573,164 | ||
Property | 4.05 | CHRISTUS Health HQ | 6,124,702 | 2,679,469 | 3,445,233 | 12/31/2015 | 5,816,526 | 2,521,037 | 3,295,489 | 6,728,169 | 6,395,756 | 2,651,837 | 3,743,919 | 50,668 | 202,672 | 3,490,579 | ||
Property | 4.06 | Duke Bridges I | 3,349,104 | 1,017,641 | 2,331,463 | 12/31/2015 | 1,945,910 | 628,705 | 1,317,205 | 4,423,482 | 4,202,308 | 1,106,492 | 3,095,816 | 31,627 | 126,508 | 2,937,681 | ||
Property | 4.07 | Wells Fargo Operations Center | 3,043,730 | 391,963 | 2,651,767 | 12/31/2015 | 3,277,710 | 478,244 | 2,799,466 | 3,150,016 | 3,002,029 | 367,890 | 2,634,139 | 31,116 | 124,463 | 2,478,560 | ||
Property | 4.08 | Ace Hardware HQ | 3,013,303 | 270,234 | 2,743,069 | 12/31/2015 | 3,031,467 | 264,608 | 2,766,860 | 3,155,937 | 2,998,140 | 328,603 | 2,669,537 | 41,206 | 164,824 | 2,463,507 | ||
Property | 4.09 | Royal Ridge V | 2,152,998 | 874,647 | 1,278,351 | 3,194,153 | 3,034,446 | 915,275 | 2,119,171 | 23,922 | 95,689 | 1,999,560 | ||||||
Property | 4.10 | Comcast Regional HQ | 2,072,482 | 283,952 | 1,788,530 | 12/31/2015 | 2,003,752 | 248,052 | 1,755,700 | 2,019,979 | 1,918,980 | 256,168 | 1,662,812 | 17,477 | 69,908 | 1,575,427 | ||
Loan | 5 | Worldwide Plaza(2)(31)(32) | 135,449,920 | 52,275,875 | 83,174,046 | 12/31/2015 | 124,125,445 | 51,403,142 | 72,722,303 | 14.2% | 13.8% | 134,831,989 | 141,343,932 | 54,051,285 | 87,292,647 | 409,911 | 1,860,962 | 85,021,775 |
Loan | 6 | Station Place III(2)(32) | 34,493,689 | 12,164,603 | 22,329,086 | 12/31/2015 | 34,131,273 | 12,060,025 | 22,071,248 | 11.9% | 11.0% | 25,986,269 | 35,992,988 | 13,463,618 | 22,529,370 | 103,531 | 1,619,218 | 20,806,621 |
Loan | 7 | Atrium Center(2) | 8.2% | 8.1% | 11,466,733 | 13,100,668 | 3,634,080 | 9,466,588 | 43,968 | 117,248 | 9,305,372 | |||||||
Loan | 8 | Sentinel Square II(2) | 9.0% | 8.9% | 13,817,100 | 13,947,826 | 4,756,435 | 9,191,391 | 70,091 | 9,121,300 | ||||||||
Loan | 9 | Spicetree Apartments | 5,003,279 | 2,655,900 | 2,347,379 | 12/31/2015 | 5,086,239 | 2,741,402 | 2,344,836 | 9.1% | 8.8% | 7,349,844 | 7,043,941 | 3,011,359 | 4,032,582 | 137,750 | 3,894,832 | |
Loan | 10 | Radisson Blu Aqua Hotel(2) | 36,403,410 | 29,544,903 | 6,858,507 | 12/31/2015 | 36,427,380 | 29,492,668 | 6,934,712 | 10.4% | 10.4% | 21,376,933 | 37,020,701 | 30,347,294 | 6,673,407 | 6,673,407 | ||
Loan | 11 | 8900 Beverly | 4,046,636 | 688,816 | 3,357,820 | 12/31/2015 | 4,148,263 | 792,873 | 3,355,390 | 9.0% | 8.7% | 3,926,574 | 4,432,868 | 732,471 | 3,700,397 | 12,663 | 109,200 | 3,578,534 |
Loan | 12 | Gateway Net Lease Portfolio(2) | 14.1% | 12.8% | 53,930,697 | 79,004,104 | 29,231,519 | 49,772,586 | 781,904 | 3,909,520 | 45,081,162 | |||||||
Property | 12.01 | BAE Facility | 4,639,631 | 6,796,684 | 2,514,773 | 4,281,911 | 50,063 | 250,313 | 3,981,536 | |||||||||
Property | 12.02 | FedEx Ground (Stratford) | 3,671,985 | 5,379,160 | 1,990,289 | 3,388,871 | 33,780 | 168,899 | 3,186,193 | |||||||||
Property | 12.03 | FedEx (Baltimore) | 3,669,331 | 5,375,273 | 1,988,851 | 3,386,422 | 45,902 | 229,512 | 3,111,008 | |||||||||
Property | 12.04 | Harman Becker | 3,677,437 | 5,387,147 | 1,993,244 | 3,393,902 | 28,206 | 141,032 | 3,224,665 | |||||||||
Property | 12.05 | GE Aviation (Lafayette) | 2,907,375 | 4,259,069 | 1,575,856 | 2,683,213 | 45,961 | 229,805 | 2,407,448 | |||||||||
Property | 12.06 | GoDaddy | 2,646,278 | 3,876,583 | 1,434,336 | 2,442,247 | 22,500 | 112,500 | 2,307,247 | |||||||||
Property | 12.07 | Carrier | 2,365,720 | 3,465,588 | 1,282,268 | 2,183,320 | 76,880 | 384,398 | 1,722,043 | |||||||||
Property | 12.08 | Emerus | 2,319,270 | 3,397,543 | 1,257,091 | 2,140,452 | 14,346 | 71,730 | 2,054,376 | |||||||||
Property | 12.09 | Cardinal Health | 1,904,832 | 2,790,425 | 1,032,457 | 1,757,968 | 41,393 | 206,963 | 1,509,612 | |||||||||
Property | 12.10 | Tyco Electronics | 2,001,559 | 2,932,121 | 1,084,885 | 1,847,237 | 26,497 | 132,486 | 1,688,253 | |||||||||
Property | 12.11 | FCA/Caterpillar | 1,875,500 | 2,747,456 | 1,016,559 | 1,730,897 | 45,000 | 225,000 | 1,460,897 | |||||||||
Property | 12.12 | FedEx Ground (Staunton) | 1,495,523 | 2,190,820 | 810,603 | 1,380,217 | 33,780 | 168,899 | 1,177,538 | |||||||||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | 1,239,000 | 1,815,035 | 671,563 | 1,143,472 | 31,500 | 157,500 | 954,472 | |||||||||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | 1,227,200 | 1,797,749 | 665,167 | 1,132,582 | 31,200 | 156,000 | 945,382 | |||||||||
Property | 12.15 | T-Mobile Call Center | 1,230,101 | 1,801,998 | 666,739 | 1,135,259 | 9,975 | 49,875 | 1,075,409 | |||||||||
Property | 12.16 | Sikorsky Aircraft R&D Facility | 1,268,452 | 1,858,180 | 687,527 | 1,170,653 | 22,646 | 113,231 | 1,034,776 | |||||||||
Property | 12.17 | Vatterott College | 1,452,182 | 2,127,329 | 787,112 | 1,340,217 | 13,500 | 67,500 | 1,259,217 | |||||||||
Property | 12.18 | Comcast | 1,137,828 | 1,666,826 | 616,725 | 1,050,100 | 8,589 | 42,945 | 998,566 | |||||||||
Property | 12.19 | Alfa Laval Plant | 1,168,393 | 1,711,602 | 633,293 | 1,078,309 | 27,038 | 135,189 | 916,082 | |||||||||
Property | 12.20 | LKQ (New Braunfels) | 988,297 | 1,447,775 | 535,677 | 912,098 | 15,054 | 75,268 | 821,777 | |||||||||
Property | 12.21 | Hitachi | 936,020 | 1,371,194 | 507,342 | 863,852 | 10,808 | 54,042 | 799,002 | |||||||||
Property | 12.22 | Cameron International | 1,105,181 | 1,619,001 | 599,030 | 1,019,971 | 11,228 | 56,138 | 952,606 | |||||||||
Property | 12.23 | Alliance Data Systems Office | 952,812 | 1,395,792 | 516,443 | 879,349 | 15,120 | 75,600 | 788,629 | |||||||||
Property | 12.24 | Synchrony Financial | 746,131 | 1,093,022 | 404,418 | 688,604 | 10,166 | 50,831 | 627,606 | |||||||||
Property | 12.25 | Baxalta (Barry Pointe) | 494,983 | 725,110 | 268,291 | 456,819 | 2,502 | 12,510 | 441,807 | |||||||||
Property | 12.26 | Baxalta (Casselberry) | 498,433 | 730,164 | 270,161 | 460,003 | 2,504 | 12,521 | 444,979 | |||||||||
Property | 12.27 | Baxalta (Mounds View) | 481,321 | 705,097 | 260,886 | 444,211 | 2,502 | 12,510 | 429,199 | |||||||||
Property | 12.28 | Baxalta (Grand Rapids) | 482,604 | 706,976 | 261,581 | 445,395 | 2,504 | 12,519 | 430,372 | |||||||||
Property | 12.29 | Gerdau | 625,268 | 915,967 | 338,908 | 577,059 | 7,046 | 35,232 | 534,781 | |||||||||
Property | 12.30 | Baxalta (Wausau) | 447,618 | 655,724 | 242,618 | 413,106 | 2,502 | 12,512 | 398,093 | |||||||||
Property | 12.31 | Baxalta (Springfield) | 451,180 | 660,942 | 244,548 | 416,393 | 2,504 | 12,521 | 401,369 | |||||||||
Property | 12.32 | LKQ (Salisbury) | �� | 477,980 | 700,201 | 259,074 | 441,127 | 26,018 | 130,091 | 285,018 | ||||||||
Property | 12.33 | Baxalta (Ankeny) | 424,236 | 621,471 | 229,944 | 391,527 | 2,516 | 12,579 | 376,432 | |||||||||
Property | 12.34 | H&E Equipment Services (San Antonio) | 419,391 | 614,375 | 227,319 | 387,056 | 3,980 | 19,901 | 363,174 | |||||||||
Property | 12.35 | H&E Equipment Services (New Orleans) | 421,512 | 617,481 | 228,468 | 389,013 | 2,821 | 14,106 | 372,086 | |||||||||
Property | 12.36 | GE Aviation (Pompano) | 381,958 | 559,537 | 207,029 | 352,508 | 4,634 | 23,169 | 324,706 | |||||||||
Property | 12.37 | Saint-Gobain Warehouse | 384,142 | 562,737 | 208,213 | 354,525 | 15,443 | 77,213 | 261,870 | |||||||||
Property | 12.38 | H&E Equipment Services (Columbia) | 331,471 | 485,579 | 179,664 | 305,915 | 2,907 | 14,535 | 288,473 | |||||||||
Property | 12.39 | H&E Equipment Services (Yukon) | 324,105 | 474,788 | 175,672 | 299,117 | 2,941 | 14,706 | 281,469 | |||||||||
Property | 12.40 | LKQ (Toledo) | 324,000 | 474,634 | 175,614 | 299,019 | 24,508 | 122,538 | 151,974 | |||||||||
Property | 12.41 | H&E Equipment Services (Greer) | 334,455 | 489,950 | 181,281 | 308,668 | 2,941 | 14,706 | 291,021 | |||||||||
Loan | 13 | Lehigh Valley Mall(2) | 36,598,789 | 9,104,230 | 27,494,559 | 12/31/2015 | 36,151,146 | 9,508,909 | 26,642,237 | 12.5% | 12.0% | 22,940,810 | 33,855,087 | 8,922,902 | 24,932,185 | 81,785 | 923,571 | 23,926,829 |
Loan | 14 | Rochester Hotel Portfolio(2) | 50,784,977 | 34,182,827 | 16,602,150 | 12/31/2015 | 53,401,673 | 35,171,246 | 18,230,427 | 12.2% | 10.3% | 39,693,021 | 53,040,505 | 36,019,617 | 17,020,888 | 2,652,025 | 14,368,863 | |
Property | 14.01 | Rochester Marriott | 14,701,586 | 9,533,258 | 5,168,328 | 12/31/2015 | 15,149,227 | 9,696,257 | 5,452,970 | 12,638,089 | 15,961,504 | 9,794,712 | 6,166,792 | 798,075 | 5,368,717 | |||
Property | 14.02 | Kahler Grand | 22,864,086 | 16,400,066 | 6,464,020 | 12/31/2015 | 24,156,924 | 17,148,646 | 7,008,278 | 15,161,946 | 23,335,384 | 17,188,687 | 6,146,697 | 1,166,769 | 4,979,928 | |||
Property | 14.03 | Kahler Inn & Suites | 9,108,767 | 5,876,995 | 3,231,772 | 12/31/2015 | 9,897,879 | 6,007,663 | 3,890,216 | 8,011,300 | 9,563,555 | 6,519,673 | 3,043,882 | 478,178 | 2,565,704 | |||
Property | 14.04 | Residence Inn Rochester | 4,110,538 | 2,372,509 | 1,738,029 | 12/31/2015 | 4,197,643 | 2,318,680 | 1,878,963 | 3,881,686 | 4,180,061 | 2,516,545 | 1,663,516 | 209,003 | 1,454,513 | |||
Loan | 15 | Oasis at Pavilion Park | 1,286,917 | 1,107,227 | 179,689 | 11.3% | 11.1% | 6,909,168 | 6,452,368 | 2,386,886 | 4,065,482 | 84,000 | 3,981,482 | |||||
Loan | 16 | 521-523 East 72nd Street(2)(32) | 9,358,583 | 3,495,553 | 5,863,030 | 12/31/2015 | 9,228,677 | 3,434,856 | 5,793,821 | 7.8% | 7.7% | 9,730,119 | 10,210,206 | 3,538,075 | 6,672,131 | 24,829 | 70,785 | 6,576,517 |
Loan | 17 | 156-168 Bleecker | 2,477,022 | 952,665 | 1,524,357 | 12/31/2015 | 2,248,791 | 774,791 | 1,473,999 | 7.4% | 7.3% | 3,355,751 | 3,402,188 | 891,930 | 2,510,257 | 5,001 | 29,415 | 2,475,842 |
Loan | 18 | Marriott Charlotte City Center(2) | 27,952,972 | 21,440,455 | 6,512,516 | 12/31/2015 | 21,077,342 | 17,943,131 | 3,134,211 | 12.7% | 12.7% | 26,681,904 | 38,398,103 | 25,326,107 | 13,071,996 | 13,071,996 | ||
Loan | 19 | Miracle Mile Shopping Center(2) | 7,595,231 | 1,995,448 | 5,599,783 | 12/31/2015 | 7,367,263 | 1,942,807 | 5,424,456 | 9.7% | 8.9% | 6,010,761 | 7,457,681 | 2,038,713 | 5,418,968 | 59,739 | 392,623 | 4,966,606 |
Loan | 20 | Center Promenade(24) | 3,205,522 | 1,581,492 | 1,624,030 | 12/31/2015 | 2,886,927 | 1,733,404 | 1,153,523 | 12.3% | 11.1% | 4,697,038 | 4,182,528 | 1,458,868 | 2,723,660 | 29,876 | 224,028 | 2,469,757 |
Loan | 21 | The Arbors | 3,246,585 | 1,207,286 | 2,039,298 | 12/31/2015 | 1,604,030 | 1,182,412 | 421,618 | 11.6% | 10.5% | 3,947,029 | 3,696,889 | 1,243,089 | 2,453,800 | 42,301 | 185,000 | 2,226,499 |
A-1-13
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second | Second | Second | Third Most | Third | Third | Third | ||||||||||||
Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||
Property Flag | ID | Property Name | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(29) | Debt Yield(29) | Revenue($) | EGI($) | Expenses($) | NOI ($)(12) | Reserves($) | TI/LC($) | NCF ($) |
Loan | 22 | Towers at University Town Center(2) | 9,750,923 | 5,585,915 | 4,165,008 | 12/31/2015 | 9,147,129 | 5,208,909 | 3,938,221 | 9.8% | 9.5% | 9,857,472 | 10,141,347 | 5,620,222 | 4,521,125 | 136,500 | 4,384,625 | |
Loan | 23 | Olive Park Shopping Center | 8.3% | 7.9% | 1,695,189 | 1,610,429 | 301,961 | 1,308,468 | 9,500 | 44,972 | 1,253,997 | |||||||
Loan | 24 | Two Harbor Point Square(2)(31) | 7,239,818 | 2,768,193 | 4,471,625 | 12/31/2015 | 6,614,751 | 2,707,642 | 3,907,109 | 11.3% | 10.5% | 9,272,273 | 8,505,541 | 2,900,766 | 5,604,774 | 28,016 | 382,312 | 5,194,446 |
Loan | 25 | Valley Crossing | 2,058,036 | 698,307 | 1,359,729 | 12/31/2015 | 2,203,957 | 687,612 | 1,516,345 | 9.6% | 9.1% | 1,650,401 | 2,087,841 | 673,417 | 1,414,424 | 11,284 | 68,922 | 1,334,218 |
Loan | 26 | AHIP Northeast Portfolio I(2) | 26,482,713 | 16,070,837 | 10,411,876 | 12/31/2015 | 25,152,598 | 15,575,629 | 9,576,969 | 14.0% | 12.5% | 23,306,616 | 25,731,586 | 15,974,234 | 9,757,352 | 1,029,263 | 8,728,088 | |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | 7,744,783 | 4,745,652 | 2,999,131 | 12/31/2015 | 7,351,051 | 4,768,631 | 2,582,420 | 5,942,770 | 7,460,708 | 4,706,709 | 2,753,999 | 298,428 | 2,455,571 | |||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | 4,804,471 | 2,748,708 | 2,055,763 | 12/31/2015 | 4,448,769 | 2,599,909 | 1,848,860 | 4,527,034 | 4,618,063 | 2,722,893 | 1,895,170 | 184,723 | 1,710,447 | |||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | 4,818,338 | 2,933,888 | 1,884,450 | 12/31/2015 | 4,525,569 | 2,720,516 | 1,805,053 | 4,120,274 | 4,652,185 | 2,944,685 | 1,707,500 | 186,087 | 1,521,413 | |||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | 4,897,407 | 2,915,050 | 1,982,357 | 12/31/2015 | 4,869,945 | 2,828,410 | 2,041,535 | 4,673,352 | 4,872,320 | 2,924,609 | 1,947,710 | 194,893 | 1,752,817 | |||
Property | 26.05 | Homewood Suites - Dover Rockaway | 4,217,714 | 2,727,539 | 1,490,175 | 12/31/2015 | 3,957,264 | 2,658,163 | 1,299,101 | 4,043,185 | 4,128,310 | 2,675,338 | 1,452,972 | 165,132 | 1,287,840 | |||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | 214,236,030 | 139,766,633 | 74,469,397 | 12/31/2015 | 210,181,276 | 136,174,637 | 74,006,639 | 12.4% | 12.4% | 206,046,538 | 213,600,210 | 142,270,818 | 71,329,392 | 71,329,392 | ||
Property | 27.01 | Larkspur Landing Sunnyvale | 7,817,367 | 3,196,232 | 4,621,136 | 12/31/2015 | 7,402,221 | 3,043,842 | 4,358,379 | 7,692,961 | 7,774,225 | 3,602,265 | 4,171,961 | 4,171,961 | ||||
Property | 27.02 | Larkspur Landing Milpitas | 6,748,863 | 2,919,223 | 3,829,640 | 12/31/2015 | 6,284,848 | 2,765,694 | 3,519,154 | 6,704,375 | 6,764,028 | 3,201,871 | 3,562,157 | 3,562,157 | ||||
Property | 27.03 | Larkspur Landing Campbell | 6,251,271 | 2,837,671 | 3,413,600 | 12/31/2015 | 5,892,933 | 2,614,126 | 3,278,807 | 5,995,387 | 6,059,570 | 2,860,144 | 3,199,426 | 3,199,426 | ||||
Property | 27.04 | Larkspur Landing San Francisco | 5,905,601 | 3,162,141 | 2,743,461 | 12/31/2015 | 5,806,373 | 3,043,071 | 2,763,303 | 5,660,039 | 5,697,514 | 3,270,929 | 2,426,585 | 2,426,585 | ||||
Property | 27.05 | Larkspur Landing Pleasanton | 5,319,602 | 2,764,545 | 2,555,057 | 12/31/2015 | 4,880,674 | 2,567,319 | 2,313,355 | 5,146,658 | 5,193,352 | 2,754,991 | 2,438,362 | 2,438,362 | ||||
Property | 27.06 | Larkspur Landing Bellevue | 4,726,484 | 2,501,374 | 2,225,110 | 12/31/2015 | 4,615,653 | 2,539,918 | 2,075,735 | 4,653,078 | 4,692,425 | 2,518,899 | 2,173,526 | 2,173,526 | ||||
Property | 27.07 | Larkspur Landing Sacramento | 4,200,451 | 2,369,171 | 1,831,280 | 12/31/2015 | 4,176,563 | 2,318,331 | 1,858,232 | 4,159,422 | 4,214,257 | 2,397,345 | 1,816,912 | 1,816,912 | ||||
Property | 27.08 | Hampton Inn Ann Arbor North | 4,956,425 | 2,996,409 | 1,960,016 | 12/31/2015 | 4,678,954 | 2,774,233 | 1,904,721 | 4,753,475 | 4,826,301 | 2,990,175 | 1,836,126 | 1,836,126 | ||||
Property | 27.09 | Larkspur Landing Hillsboro | 4,016,848 | 2,189,946 | 1,826,902 | 12/31/2015 | 3,915,128 | 2,027,124 | 1,888,005 | 3,882,838 | 3,941,272 | 2,232,510 | 1,708,763 | 1,708,763 | ||||
Property | 27.10 | Larkspur Landing Renton | 4,349,218 | 2,659,463 | 1,689,754 | 12/31/2015 | 4,324,596 | 2,570,888 | 1,753,708 | 4,355,876 | 4,423,020 | 2,728,888 | 1,694,132 | 1,694,132 | ||||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | 5,505,741 | 3,984,588 | 1,521,153 | 12/31/2015 | 5,424,474 | 3,999,092 | 1,425,382 | 4,845,606 | 5,568,856 | 4,031,609 | 1,537,247 | 1,537,247 | ||||
Property | 27.12 | Residence Inn Toledo Maumee | 3,998,051 | 2,569,850 | 1,428,201 | 12/31/2015 | 3,874,115 | 2,579,170 | 1,294,945 | 3,981,238 | 4,066,425 | 2,597,554 | 1,468,871 | 1,468,871 | ||||
Property | 27.13 | Residence Inn Williamsburg | 4,098,296 | 2,645,877 | 1,452,419 | 12/31/2015 | 3,685,293 | 2,398,382 | 1,286,911 | 3,844,992 | 3,955,706 | 2,596,962 | 1,358,744 | 1,358,744 | ||||
Property | 27.14 | Hampton Inn Suites Waco South | 4,293,352 | 2,832,923 | 1,460,429 | 12/31/2015 | 4,247,264 | 2,754,599 | 1,492,665 | 4,212,799 | 4,293,844 | 2,879,053 | 1,414,791 | 1,414,791 | ||||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | 4,308,290 | 2,810,936 | 1,497,354 | 12/31/2015 | 4,124,662 | 2,659,301 | 1,465,361 | 3,834,678 | 4,185,314 | 2,796,547 | 1,388,767 | 1,388,767 | ||||
Property | 27.16 | Courtyard Tyler | 3,429,564 | 2,089,629 | 1,339,935 | 12/31/2015 | 3,919,126 | 2,220,154 | 1,698,971 | 2,787,105 | 3,341,364 | 2,088,004 | 1,253,360 | 1,253,360 | ||||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | 5,761,789 | 4,454,017 | 1,307,772 | 12/31/2015 | 5,493,273 | 4,439,380 | 1,053,893 | 4,758,140 | 5,848,958 | 4,531,561 | 1,317,397 | 1,317,397 | ||||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | 4,983,720 | 3,192,469 | 1,791,252 | 12/31/2015 | 4,711,861 | 3,108,429 | 1,603,432 | 4,538,271 | 4,891,094 | 3,201,247 | 1,689,847 | 1,689,847 | ||||
Property | 27.19 | Residence Inn Grand Rapids West | 3,310,952 | 2,018,261 | 1,292,691 | 12/31/2015 | 3,062,200 | 1,923,049 | 1,139,151 | 3,086,635 | 3,115,120 | 2,008,993 | 1,106,127 | 1,106,127 | ||||
Property | 27.20 | Peoria, AZ Residence Inn | 3,292,301 | 2,053,732 | 1,238,569 | 12/31/2015 | 3,187,787 | 2,012,469 | 1,175,318 | 3,204,243 | 3,248,248 | 2,090,221 | 1,158,027 | 1,158,027 | ||||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | 3,759,689 | 2,340,772 | 1,418,917 | 12/31/2015 | 4,022,171 | 2,458,126 | 1,564,044 | 3,688,566 | 3,738,690 | 2,341,747 | 1,396,943 | 1,396,943 | ||||
Property | 27.22 | Courtyard Chico | 3,812,434 | 2,381,258 | 1,431,176 | 12/31/2015 | 3,178,650 | 2,087,242 | 1,091,408 | 3,601,746 | 3,850,184 | 2,410,998 | 1,439,185 | 1,439,185 | ||||
Property | 27.23 | Hampton Inn Suites Kokomo | 3,744,550 | 2,431,095 | 1,313,454 | 12/31/2015 | 3,524,349 | 2,357,841 | 1,166,508 | 3,636,411 | 3,680,915 | 2,425,349 | 1,255,566 | 1,255,566 | ||||
Property | 27.24 | Hampton Inn Suites South Bend | 3,779,982 | 2,535,257 | 1,244,725 | 12/31/2015 | 3,424,014 | 2,329,908 | 1,094,106 | 3,766,272 | 3,810,167 | 2,577,957 | 1,232,210 | 1,232,210 | ||||
Property | 27.25 | Courtyard Wichita Falls | 3,055,163 | 1,967,538 | 1,087,624 | 12/31/2015 | 2,944,157 | 1,949,071 | 995,086 | 2,876,375 | 3,121,444 | 2,025,834 | 1,095,610 | 1,095,610 | ||||
Property | 27.26 | Hampton Inn Morehead | 3,140,885 | 2,029,198 | 1,111,688 | 12/31/2015 | 2,908,105 | 1,894,889 | 1,013,216 | 3,105,265 | 3,154,358 | 2,060,293 | 1,094,065 | 1,094,065 | ||||
Property | 27.27 | Residence Inn Chico | 3,230,070 | 2,003,854 | 1,226,216 | 12/31/2015 | 3,017,201 | 1,895,739 | 1,121,462 | 3,235,376 | 3,273,835 | 2,065,656 | 1,208,180 | 1,208,180 | ||||
Property | 27.28 | Courtyard Lufkin | 2,938,698 | 2,065,448 | 873,250 | 12/31/2015 | 3,391,091 | 2,179,605 | 1,211,486 | 2,507,171 | 2,752,597 | 2,014,311 | 738,285 | 738,285 | ||||
Property | 27.29 | Hampton Inn Carlisle | 3,524,239 | 2,363,148 | 1,161,091 | 12/31/2015 | 3,477,412 | 2,258,369 | 1,219,043 | 3,410,773 | 3,439,196 | 2,322,290 | 1,116,905 | 1,116,905 | ||||
Property | 27.30 | Springhill Suites Williamsburg | 3,440,078 | 2,462,690 | 977,388 | 12/31/2015 | 3,204,858 | 2,304,606 | 900,252 | 3,324,171 | 3,361,902 | 2,485,794 | 876,108 | 876,108 | ||||
Property | 27.31 | Fairfield Inn Bloomington | 2,956,451 | 1,695,639 | 1,260,812 | 12/31/2015 | 2,237,500 | 1,653,149 | 584,352 | 3,003,999 | 3,018,966 | 1,747,736 | 1,271,230 | 1,271,230 | ||||
Property | 27.32 | Waco Residence Inn | 3,115,712 | 2,129,416 | 986,296 | 12/31/2015 | 2,926,457 | 2,041,322 | 885,135 | 3,102,600 | 3,136,682 | 2,224,447 | 912,234 | 912,234 | ||||
Property | 27.33 | Holiday Inn Express Fishers | 3,132,794 | 2,184,957 | 947,837 | 12/31/2015 | 2,880,638 | 1,935,320 | 945,318 | 3,130,791 | 3,176,451 | 2,225,023 | 951,428 | 951,428 | ||||
Property | 27.34 | Larkspur Landing Folsom | 2,893,984 | 2,022,130 | 871,854 | 12/31/2015 | 2,842,366 | 1,914,516 | 927,850 | 2,862,154 | 2,902,483 | 2,043,619 | 858,864 | 858,864 | ||||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | 3,229,904 | 2,567,803 | 662,101 | 12/31/2015 | 3,334,536 | 2,615,422 | 719,114 | 3,216,804 | 3,321,573 | 2,653,751 | 667,822 | 667,822 | ||||
Property | 27.36 | Holiday Inn Express & Suites Paris | 2,339,461 | 1,515,400 | 824,061 | 12/31/2015 | 2,256,662 | 1,456,462 | 800,200 | 2,319,291 | 2,343,673 | 1,545,193 | 798,480 | 798,480 | ||||
Property | 27.37 | Toledo Homewood Suites | 2,879,994 | 1,999,558 | 880,436 | 12/31/2015 | 2,585,574 | 1,880,413 | 705,161 | 2,884,834 | 2,929,714 | 1,985,509 | 944,205 | 944,205 | ||||
Property | 27.38 | Grand Rapids Homewood Suites | 3,082,919 | 2,206,236 | 876,683 | 12/31/2015 | 3,044,043 | 2,141,853 | 902,190 | 2,983,568 | 3,009,146 | 2,269,574 | 739,572 | 739,572 | ||||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | 2,069,004 | 1,233,313 | 835,692 | 12/31/2015 | 2,184,113 | 1,274,027 | 910,086 | 1,943,430 | 1,961,942 | 1,208,351 | 753,591 | 753,591 | ||||
Property | 27.40 | Fairfield Inn Laurel | 3,060,436 | 2,430,414 | 630,022 | 12/31/2015 | 2,980,035 | 2,319,285 | 660,749 | 3,097,898 | 3,127,939 | 2,470,469 | 657,471 | 657,471 | ||||
Property | 27.41 | Courtyard Akron Stow | 3,339,430 | 2,310,440 | 1,028,990 | 12/31/2015 | 3,378,668 | 2,167,968 | 1,210,700 | 2,871,154 | 3,168,035 | 2,281,919 | 886,115 | 886,115 | ||||
Property | 27.42 | Larkspur Landing Roseville | 2,791,909 | 2,028,202 | 763,707 | 12/31/2015 | 2,792,081 | 1,987,238 | 804,842 | 2,778,996 | 2,851,065 | 2,064,916 | 786,149 | 786,149 | ||||
Property | 27.43 | Towneplace Suites Bloomington | 2,355,692 | 1,515,451 | 840,241 | 12/31/2015 | 1,990,897 | 1,378,491 | 612,406 | 2,432,714 | 2,441,633 | 1,591,528 | 850,105 | 850,105 | ||||
Property | 27.44 | Hampton Inn Danville | 2,521,595 | 1,800,163 | 721,433 | 12/31/2015 | 2,301,578 | 1,688,631 | 612,946 | 2,575,775 | 2,591,371 | 1,862,762 | 728,609 | 728,609 | ||||
Property | 27.45 | Holiday Inn Norwich | 4,825,972 | 4,034,355 | 791,617 | 12/31/2015 | 4,347,308 | 3,741,178 | 606,130 | 3,670,682 | 4,801,904 | 4,049,772 | 752,132 | 752,132 | ||||
Property | 27.46 | Hampton Inn Suites Longview North | 2,373,357 | 1,694,366 | 678,991 | 12/31/2015 | 3,058,158 | 1,867,316 | 1,190,842 | 2,258,345 | 2,322,688 | 1,672,245 | 650,443 | 650,443 | ||||
Property | 27.47 | Springhill Suites Peoria Westlake | 2,854,364 | 2,384,615 | 469,749 | 12/31/2015 | 3,126,977 | 2,492,033 | 634,944 | 2,872,443 | 2,918,586 | 2,448,540 | 470,046 | 470,046 | ||||
Property | 27.48 | Hampton Inn Suites Buda | 2,680,752 | 1,780,820 | 899,932 | 12/31/2015 | 2,802,930 | 1,805,221 | 997,709 | 2,592,101 | 2,627,746 | 1,774,143 | 853,603 | 853,603 | ||||
Property | 27.49 | Shawnee Hampton Inn | 1,890,630 | 1,254,672 | 635,957 | 12/31/2015 | 1,834,041 | 1,262,710 | 571,331 | 1,885,219 | 1,892,474 | 1,273,699 | 618,775 | 618,775 | ||||
Property | 27.50 | Racine Fairfield Inn | 1,800,048 | 1,203,878 | 596,170 | 12/31/2015 | 1,757,437 | 1,159,991 | 597,446 | 1,797,940 | 1,812,261 | 1,208,438 | 603,823 | 603,823 | ||||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | 2,342,011 | 1,691,679 | 650,333 | 12/31/2015 | 2,166,585 | 1,511,366 | 655,218 | 2,424,506 | 2,433,055 | 1,745,776 | 687,279 | 687,279 | ||||
Property | 27.52 | Holiday Inn Express & Suites Terrell | 2,116,706 | 1,494,300 | 622,406 | 12/31/2015 | 2,004,889 | 1,411,915 | 592,974 | 2,127,244 | 2,149,392 | 1,543,906 | 605,485 | 605,485 | ||||
Property | 27.53 | Westchase Homewood Suites | 3,210,256 | 2,668,409 | 541,847 | 12/31/2015 | 4,364,744 | 3,053,944 | 1,310,801 | 2,921,112 | 2,958,058 | 2,578,316 | 379,742 | 379,742 | ||||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | 2,077,217 | 1,500,505 | 576,713 | 12/31/2015 | 2,201,486 | 1,542,169 | 659,318 | 2,078,293 | 2,128,673 | 1,528,792 | 599,880 | 599,880 | ||||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | 2,407,786 | 1,674,172 | 733,614 | 12/31/2015 | 3,196,798 | 1,860,283 | 1,336,515 | 2,326,533 | 2,360,887 | 1,671,501 | 689,387 | 689,387 | ||||
Property | 27.56 | Hampton Inn Sweetwater | 1,725,603 | 1,225,261 | 500,342 | 12/31/2015 | 2,002,056 | 1,401,720 | 600,336 | 1,569,671 | 1,585,686 | 1,185,317 | 400,369 | 400,369 | ||||
Property | 27.57 | Comfort Suites Buda Austin South | 2,074,254 | 1,519,552 | 554,702 | 12/31/2015 | 2,032,396 | 1,501,547 | 530,849 | 1,983,015 | 2,082,208 | 1,540,640 | 541,569 | 541,569 | ||||
Property | 27.58 | Fairfield Inn & Suites Weatherford | 1,543,315 | 1,276,569 | 266,746 | 12/31/2015 | 1,465,030 | 1,177,226 | 287,804 | 1,623,598 | 1,659,116 | 1,347,398 | 311,718 | 311,718 | ||||
Property | 27.59 | Holiday Inn Express & Suites Altus | 1,422,396 | 1,182,112 | 240,285 | 12/31/2015 | 1,322,219 | 1,123,647 | 198,572 | 1,401,614 | 1,417,147 | 1,205,199 | 211,948 | 211,948 | ||||
Property | 27.60 | Comfort Inn & Suites Paris | 1,161,068 | 884,258 | 276,810 | 12/31/2015 | 1,058,458 | 812,594 | 245,864 | 1,152,735 | 1,157,262 | 906,202 | 251,060 | 251,060 | ||||
Property | 27.61 | Hampton Inn Suites Decatur | 1,547,032 | 1,330,723 | 216,309 | 12/31/2015 | 1,669,635 | 1,341,281 | 328,354 | 1,537,982 | 1,550,317 | 1,370,105 | 180,212 | 180,212 | ||||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | 1,621,549 | 1,440,815 | 180,734 | 12/31/2015 | 1,496,353 | 1,347,419 | 148,934 | 1,611,852 | 1,638,961 | 1,472,078 | 166,883 | 166,883 | ||||
Property | 27.63 | Mankato Fairfield Inn | 1,222,539 | 1,043,308 | 179,231 | 12/31/2015 | 1,247,365 | 1,021,766 | 225,599 | 1,224,150 | 1,236,472 | 1,086,924 | 149,548 | 149,548 | ||||
Property | 27.64 | Candlewood Suites Texarkana | 1,270,187 | 1,104,763 | 165,424 | 12/31/2015 | 1,127,933 | 964,547 | 163,386 | 1,198,407 | 1,239,140 | 1,123,516 | 115,624 | 115,624 | ||||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | 599,729 | 909,669 | -309,940 | 12/31/2015 | 1,363,324 | 1,246,696 | 116,629 | 1,335,142 | 1,363,324 | 1,253,517 | 109,807 | 109,807 |
A-1-14
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second | Second | Second | Third Most | Third | Third | Third | ||||||||||||
Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||
Property Flag | ID | Property Name | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(29) | Debt Yield(29) | Revenue($) | EGI($) | Expenses($) | NOI ($)(12) | Reserves($) | TI/LC($) | NCF ($) |
Loan | 28 | 4400 PGA Boulevard(24) | 1,522,338 | 733,407 | 788,931 | 12/31/2015 | 1,211,188 | 723,933 | 487,255 | 11.2% | 10.1% | 2,374,033 | 2,389,161 | 882,514 | 1,506,647 | 16,168 | 122,000 | 1,368,479 |
Loan | 29 | Honey Creek Marketplace | 11.2% | 10.5% | 1,604,182 | 2,061,481 | 578,779 | 1,482,702 | 16,160 | 74,392 | 1,392,150 | |||||||
Loan | 30 | Metro Center V(24) | 2,761,145 | 1,433,686 | 1,327,459 | NAV | NAV | NAV | NAV | 13.5% | 11.5% | 2,462,052 | 3,310,606 | 1,570,095 | 1,740,511 | 53,893 | 200,302 | 1,486,316 |
Loan | 31 | 1114-1126 Lake Street | 1,598,920 | 434,743 | 1,164,176 | 12/31/2015 | 1,419,025 | 257,008 | 1,162,017 | 9.1% | 8.6% | 1,708,564 | 1,541,124 | 448,963 | 1,092,161 | 9,498 | 53,216 | 1,029,448 |
Loan | 32 | William Penn Building | 10.3% | 10.1% | 1,439,329 | 1,367,363 | 285,462 | 1,081,901 | 7,120 | 10,600 | 1,064,181 | |||||||
Loan | 33 | Tri State Neighborhood Center | 1,925,541 | 620,896 | 1,304,645 | 12/31/2015 | 1,842,496 | 633,981 | 1,208,515 | 13.2% | 11.8% | 1,535,101 | 1,984,265 | 689,269 | 1,294,996 | 22,936 | 114,679 | 1,157,381 |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | 15.4% | 15.4% | 3,614,501 | 3,652,085 | 2,142,883 | 1,509,202 | 1,509,202 | |||||||||
Loan | 35 | Hampton Inn & Suites Shelby | 2,663,170 | 1,452,845 | 1,210,325 | 13.1% | 13.1% | 2,753,614 | 2,768,036 | 1,528,380 | 1,239,656 | 1,239,656 | ||||||
Loan | 36 | Goodale Office(24) | 374,095 | 275,279 | 98,816 | 12/31/2015 | 1,595,953 | 569,972 | 1,025,981 | 11.1% | 10.1% | 1,074,798 | 1,854,208 | 860,118 | 994,090 | 15,953 | 75,000 | 903,137 |
Loan | 37 | Hampton Inn Glenwood Springs | 2,708,353 | 1,680,496 | 1,027,857 | 12/31/2015 | 2,616,541 | 1,623,893 | 992,648 | 12.5% | 12.5% | 2,713,929 | 2,736,958 | 1,704,470 | 1,032,488 | 1,032,488 | ||
Loan | 38 | Pick ‘n Save Appleton WI | 737,959 | 10,102 | 727,857 | 8.6% | 8.2% | 745,980 | 719,871 | 21,596 | 698,275 | 9,797 | 26,900 | 661,577 | ||||
Loan | 39 | Fresenius Portfolio V | 9.6% | 9.2% | 720,889 | 924,320 | 223,580 | 700,739 | 2,613 | 26,126 | 672,001 | |||||||
Property | 39.01 | Fresenius Dayton | 332,517 | 419,997 | 96,450 | 323,547 | 842 | 8,419 | 314,286 | |||||||||
Property | 39.02 | Fresenius Davenport | 158,515 | 199,689 | 45,424 | 154,265 | 705 | 7,048 | 146,512 | |||||||||
Property | 39.03 | Fresenius Rock Island | 136,069 | 185,140 | 53,418 | 131,722 | 605 | 6,050 | 125,067 | |||||||||
Property | 39.04 | Fresenius Muscatine | 93,788 | 119,494 | 28,289 | 91,205 | 461 | 4,609 | 86,135 | |||||||||
Loan | 40 | Village Square | 1,503,067 | 677,881 | 825,187 | 12/31/2015 | 1,482,750 | 623,898 | 858,852 | 10.9% | 10.2% | 1,194,971 | 1,453,207 | 671,993 | 781,214 | 10,093 | 36,047 | 735,073 |
Loan | 41 | Q-2 Self Storage | 1,389,857 | 708,267 | 681,590 | 12/31/2015 | 1,329,568 | 668,400 | 661,168 | 10.5% | 10.3% | 1,380,780 | 1,411,456 | 730,530 | 680,926 | 15,300 | 665,626 | |
Loan | 42 | Best Western Plus - Chalmette | 1,901,300 | 1,107,663 | 793,637 | 12/31/2015 | 1,921,592 | 1,088,656 | 832,936 | 16.4% | 16.4% | 2,053,220 | 2,075,938 | 1,158,760 | 917,178 | 917,178 | ||
Loan | 43 | Afton Village | 825,556 | 248,581 | 576,975 | 12/31/2015 | 803,942 | 230,952 | 572,990 | 10.4% | 9.7% | 691,924 | 808,830 | 252,184 | 556,646 | 5,953 | 32,764 | 517,929 |
Loan | 44 | 21st Century Storage - Miami, FL | 761,440 | 331,773 | 429,667 | 12/31/2015 | 688,543 | 256,850 | 431,693 | 8.7% | 8.4% | 803,505 | 789,694 | 336,815 | 452,879 | 14,897 | 437,982 | |
Loan | 45 | Hillside Mobile Estates | 1,909,801 | 796,775 | 1,113,026 | 12/31/2014 | 1,879,931 | 752,979 | 1,126,952 | 23.3% | 22.3% | 1,658,725 | 1,968,733 | 888,869 | 1,079,864 | 43,847 | 1,036,017 | |
Loan | 46 | Callahan Plaza | 341,266 | 137,869 | 203,398 | 12/31/2014 | 402,101 | 156,197 | 245,903 | 10.7% | 9.3% | 544,640 | 582,773 | 153,842 | 428,930 | 13,057 | 43,524 | 372,349 |
Loan | 47 | CityLine PA Portfolio | 594,037 | 210,869 | 383,169 | 12/31/2015 | 567,460 | 188,169 | 379,291 | 9.7% | 9.4% | 699,576 | 604,177 | 223,403 | 380,773 | 10,919 | 369,854 | |
Property | 47.01 | Carlisle Self Storage | 347,476 | 129,925 | 217,551 | 12/31/2015 | 338,047 | 118,006 | 220,041 | 422,652 | 362,753 | 136,834 | 225,919 | 6,687 | 219,231 | |||
Property | 47.02 | West Chocolate Self Storage | 246,561 | 80,943 | 165,618 | 12/31/2015 | 229,413 | 70,163 | 159,250 | 276,924 | 241,424 | 86,569 | 154,855 | 4,232 | 150,623 | |||
Loan | 48 | CityLine BeCubed | 456,830 | 197,136 | 259,694 | 12/31/2015 | 436,448 | 211,434 | 225,013 | 8.6% | 8.4% | 526,236 | 486,321 | 180,334 | 305,987 | 5,063 | 300,924 | |
Loan | 49 | Marketplace on Grove | 477,997 | 170,368 | 307,628 | 12/31/2015 | 436,399 | 131,346 | 305,053 | 9.7% | 9.2% | 366,059 | 500,088 | 160,863 | 339,225 | 4,837 | 10,669 | 323,720 |
A-1-15
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||
Property Flag | ID | Property Name | Interest(18) | Expiration(19) | Extension Terms(19) | Largest Tenant(20)(21)(23) | SF | Expiration(21) | 2nd Largest Tenant(21)(22)(23) | SF | Expiration(21) | 3rd Largest Tenant(20)(21)(22)(23) | SF | Expiration(21) |
Loan | 1 | 90 Hudson(2) | Fee Simple | Lord Abbett | 261,350 | 12/31/2024 | Charles Komar & Sons | 159,341 | 12/31/2031 | NAP | NAP | NAP | ||
Loan | 2 | Valencia Town Center | Leasehold | 04/21/2115 | None | Princess Cruises | 312,527 | 03/31/2026 | Morgan Stanley | 9,163 | 12/31/2018 | K-Town BBQ | 8,565 | 07/27/2027 |
Loan | 3 | The Woods(2) | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 4 | Griffin Portfolio(2) | Fee Simple | |||||||||||
Property | 4.01 | Restoration Hardware Distribution | Fee Simple | Restoration Hardware | 1,501,387 | 08/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.02 | State Farm Regional HQ | Fee Simple | State Farm | 503,201 | 12/31/2023 | BCD Travel USA | 7,081 | 11/30/2023 | Ventyx, Inc. | 5,575 | 04/30/2023 | ||
Property | 4.03 | North Pointe I | Fee Simple | General Electric Co. | 409,798 | 03/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.04 | Corporate Campus at Norterra | Fee Simple | Cigna Health Care | 232,648 | 07/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.05 | CHRISTUS Health HQ | Fee Simple | CHRISTUS Health | 247,721 | 11/30/2024 | NTX Food (Mason’s Cafe) | 2,117 | 01/31/2018 | NAP | NAP | NAP | ||
Property | 4.06 | Duke Bridges I | Fee Simple | T-Mobile West | 158,135 | 04/30/2027 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.07 | Wells Fargo Operations Center | Fee Simple | Wells Fargo Bank | 155,579 | 01/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.08 | Ace Hardware HQ | Fee Simple | Ace Hardware Corporation | 206,030 | 11/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.09 | Royal Ridge V | Fee Simple | NEC | 119,611 | 03/31/2026 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 4.10 | Comcast Regional HQ | Fee Simple | Comcast | 87,385 | 07/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 5 | Worldwide Plaza(2)(31)(32) | Fee Simple | Nomura Holding America Inc. | 819,906 | 09/30/2033 | Cravath, Swaine & Moore LLP | 617,135 | 08/31/2024 | Mercury Parking LLC | 131,971 | 11/30/2027 | ||
Loan | 6 | Station Place III(2)(32) | Fee Simple | U.S. Securities and Exchange Commission | 209,530 | 02/28/2021 | Kaiser Foundation Health Plan, Inc. | 206,875 | 06/30/2024 | American Chemistry Council | 93,168 | 12/31/2025 | ||
Loan | 7 | Atrium Center(2) | Fee Simple | Dana Farber Cancer Institute | 143,750 | 04/30/2033 | Life Time Fitness | 116,524 | 11/30/2037 | CCRM | 17,936 | 05/31/2032 | ||
Loan | 8 | Sentinel Square II(2) | Fee Simple | District of Columbia | 164,110 | 02/28/2029 | Federal Election Commission | 99,677 | 11/30/2032 | NAP | NAP | NAP | ||
Loan | 9 | Spicetree Apartments | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 10 | Radisson Blu Aqua Hotel(2) | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 11 | 8900 Beverly | Fee Simple | Cedar Sinai Medical | 34,866 | 11/30/2024 | Porcelanosa | 7,190 | 04/30/2022 | Christopher Guy | 4,524 | 12/31/2021 | ||
Loan | 12 | Gateway Net Lease Portfolio(2) | Fee Simple/Leasehold | |||||||||||
Property | 12.01 | BAE Facility | Fee Simple | BAE Systems | 333,750 | 08/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.02 | FedEx Ground (Stratford) | Fee Simple | FedEx | 225,198 | 06/30/2026 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.03 | FedEx (Baltimore) | Leasehold | 08/31/2021 | 17, five-year options | FedEx | 306,016 | 12/31/2031 | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 12.04 | Harman Becker | Fee Simple | Harman | 188,042 | 10/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.05 | GE Aviation (Lafayette) | Fee Simple | GE Aviation | 306,406 | 09/13/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.06 | GoDaddy | Leasehold | 12/31/2101 | None | GoDaddy | 150,000 | 05/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 12.07 | Carrier | Fee Simple | Carrier | 517,000 | 09/30/2026 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.08 | Emerus | Fee Simple | Emerus | 95,640 | 12/31/2026 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.09 | Cardinal Health | Fee Simple | Cardinal Health | 275,951 | 04/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.10 | Tyco Electronics | Fee Simple | TE Connectivity | 176,648 | 04/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.11 | FCA/Caterpillar | Fee Simple | FCA LLC | 300,000 | 08/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.12 | FedEx Ground (Staunton) | Fee Simple | FedEx | 225,198 | 03/31/2026 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | Fee Simple | QuadPackaging | 205,000 | 12/16/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | Fee Simple | QuadPackaging | 218,000 | 12/16/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.15 | T-Mobile Call Center | Fee Simple | T-Mobile | 66,500 | 02/28/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.16 | Sikorsky Aircraft R&D Facility | Leasehold | 02/21/2049 | None | Sikorsky Aircraft | 150,975 | 01/31/2019 | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 12.17 | Vatterott College | Fee Simple | Vatterott College | 90,000 | 12/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.18 | Comcast | Fee Simple | Comcast | 57,260 | 06/30/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.19 | Alfa Laval Plant | Fee Simple | Alfa Laval | 180,252 | 12/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.20 | LKQ (New Braunfels) | Fee Simple | LKQ Corporation | 98,771 | 01/31/2034 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.21 | Hitachi | Leasehold | 04/13/2040 | None | Hitachi | 72,056 | 04/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 12.22 | Cameron International | Fee Simple | Cameron | 75,000 | 12/14/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.23 | Alliance Data Systems Office | Fee Simple | Alliance Data | 100,800 | 07/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.24 | Synchrony Financial | Fee Simple | Synchrony Financial | 67,775 | 05/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.25 | Baxalta (Barry Pointe) | Fee Simple | Baxalta | 16,686 | 08/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.26 | Baxalta (Casselberry) | Fee Simple | Baxalta | 16,694 | 10/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.27 | Baxalta (Mounds View) | Fee Simple | Baxalta | 16,694 | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.28 | Baxalta (Grand Rapids) | Fee Simple | Baxalta | 16,694 | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.29 | Gerdau | Fee Simple | Gerdau | 46,976 | 03/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.30 | Baxalta (Wausau) | Fee Simple | Baxalta | 16,694 | 10/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.31 | Baxalta (Springfield) | Fee Simple | Baxalta | 16,694 | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.32 | LKQ (Salisbury) | Fee Simple | LKQ Corporation | 205,100 | 08/06/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.33 | Baxalta (Ankeny) | Fee Simple | Baxalta | 16,694 | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.34 | H&E Equipment Services (San Antonio) | Fee Simple | H&E Equipment Services | 26,535 | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.35 | H&E Equipment Services (New Orleans) | Fee Simple | H&E Equipment Services | 18,808 | 12/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.36 | GE Aviation (Pompano) | Fee Simple | GE Aviation | 30,892 | 08/14/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.37 | Saint-Gobain Warehouse | Fee Simple | Saint-Gobain | 102,950 | 09/01/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.38 | H&E Equipment Services (Columbia) | Fee Simple | H&E Equipment Services | 19,380 | 12/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.39 | H&E Equipment Services (Yukon) | Fee Simple | H&E Equipment Services | 19,608 | 06/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.40 | LKQ (Toledo) | Fee Simple | LKQ Corporation | 207,998 | 06/17/2027 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 12.41 | H&E Equipment Services (Greer) | Fee Simple | H&E Equipment Services | 19,608 | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 13 | Lehigh Valley Mall(2) | Fee Simple | Bob’s Discount Furniture | 30,204 | 03/31/2028 | Barnes & Noble | 29,874 | 01/31/2023 | Modell’s Sporting Goods | 13,882 | 01/31/2022 | ||
Loan | 14 | Rochester Hotel Portfolio(2) | Fee Simple | |||||||||||
Property | 14.01 | Rochester Marriott | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 14.02 | Kahler Grand | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 14.03 | Kahler Inn & Suites | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 14.04 | Residence Inn Rochester | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 15 | Oasis at Pavilion Park | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 16 | 521-523 East 72nd Street(2)(32) | Fee Simple | HSS Properties Corporation | 78,999 | 05/31/2031 | East River Medical Imaging | 11,610 | 05/31/2031 | East River David Cleaners | 500 | 11/14/2021 | ||
Loan | 17 | 156-168 Bleecker | Fee Simple | Le Poisson Rouge | 13,623 | 09/30/2027 | CVS | 8,275 | 02/12/2026 | Pieology | 2,401 | 06/30/2029 | ||
Loan | 18 | Marriott Charlotte City Center(2) | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 19 | Miracle Mile Shopping Center(2) | Fee Simple | LA Fitness | 45,000 | 02/29/2024 | Marshalls | 31,753 | 01/31/2022 | OfficeMax | 21,832 | 01/31/2022 | ||
Loan | 20 | Center Promenade(24) | Fee Simple | County of Ventura | 50,226 | 04/30/2025 | Kaiser Foundation Health Plan | 21,554 | 07/31/2021 | Regents of UCLA | 13,391 | 12/31/2021 | ||
Loan | 21 | The Arbors | Fee Simple | North Carolina Department of State Treasurer | 95,008 | 04/16/2025 | Makhteshim Agan of North America, Inc. | 18,488 | 01/31/2025 | United Guaranty Corporation | 16,838 | 02/28/2021 |
A-1-16
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||
Property Flag | ID | Property Name | Interest(18) | Expiration(19) | Extension Terms(19) | Largest Tenant(20)(21)(23) | SF | Expiration(21) | 2nd Largest Tenant(21)(22)(23) | SF | Expiration(21) | 3rd Largest Tenant(20)(21)(22)(23) | SF | Expiration(21) |
Loan | 22 | Towers at University Town Center(2) | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 23 | Olive Park Shopping Center | Fee Simple | Sprouts Farmers Market | 30,000 | 02/28/2032 | Hallmark | 5,600 | 02/29/2028 | Salon Lofts | 4,550 | 07/31/2027 | ||
Loan | 24 | Two Harbor Point Square(2)(31) | Fee Simple | X.L. Global Services, Inc. | 47,838 | 09/30/2022 | Structured Portfolio Management, L.L.C. | 23,919 | 11/30/2022 | McKinsey & Company, Inc. | 23,919 | 07/31/2021 | ||
Loan | 25 | Valley Crossing | Fee Simple | TJ Maxx | 25,000 | 07/31/2020 | Petco | 12,625 | 01/31/2022 | Olive Garden | 8,013 | 05/31/2021 | ||
Loan | 26 | AHIP Northeast Portfolio I(2) | Fee Simple | |||||||||||
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 26.05 | Homewood Suites - Dover Rockaway | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | Fee Simple/Leasehold | |||||||||||
Property | 27.01 | Larkspur Landing Sunnyvale | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.02 | Larkspur Landing Milpitas | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.03 | Larkspur Landing Campbell | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.04 | Larkspur Landing San Francisco | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.05 | Larkspur Landing Pleasanton | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.06 | Larkspur Landing Bellevue | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.07 | Larkspur Landing Sacramento | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.08 | Hampton Inn Ann Arbor North | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.09 | Larkspur Landing Hillsboro | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.10 | Larkspur Landing Renton | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.12 | Residence Inn Toledo Maumee | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.13 | Residence Inn Williamsburg | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.14 | Hampton Inn Suites Waco South | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.16 | Courtyard Tyler | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | Leasehold | 09/30/2076 | None | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.19 | Residence Inn Grand Rapids West | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.20 | Peoria, AZ Residence Inn | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.22 | Courtyard Chico | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.23 | Hampton Inn Suites Kokomo | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.24 | Hampton Inn Suites South Bend | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.25 | Courtyard Wichita Falls | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.26 | Hampton Inn Morehead | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.27 | Residence Inn Chico | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.28 | Courtyard Lufkin | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.29 | Hampton Inn Carlisle | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.30 | Springhill Suites Williamsburg | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.31 | Fairfield Inn Bloomington | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.32 | Waco Residence Inn | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.33 | Holiday Inn Express Fishers | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.34 | Larkspur Landing Folsom | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.36 | Holiday Inn Express & Suites Paris | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.37 | Toledo Homewood Suites | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.38 | Grand Rapids Homewood Suites | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.40 | Fairfield Inn Laurel | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.41 | Courtyard Akron Stow | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.42 | Larkspur Landing Roseville | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.43 | Towneplace Suites Bloomington | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.44 | Hampton Inn Danville | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.45 | Holiday Inn Norwich | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.46 | Hampton Inn Suites Longview North | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.47 | Springhill Suites Peoria Westlake | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.48 | Hampton Inn Suites Buda | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.49 | Shawnee Hampton Inn | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.50 | Racine Fairfield Inn | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.52 | Holiday Inn Express & Suites Terrell | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.53 | Westchase Homewood Suites | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.56 | Hampton Inn Sweetwater | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.57 | Comfort Suites Buda Austin South | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.58 | Fairfield Inn & Suites Weatherford | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.59 | Holiday Inn Express & Suites Altus | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.60 | Comfort Inn & Suites Paris | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.61 | Hampton Inn Suites Decatur | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.63 | Mankato Fairfield Inn | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.64 | Candlewood Suites Texarkana | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-17
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||
Property Flag | ID | Property Name | Interest(18) | Expiration(19) | Extension Terms(19) | Largest Tenant(20)(21)(23) | SF | Expiration(21) | 2nd Largest Tenant(21)(22)(23) | SF | Expiration(21) | 3rd Largest Tenant(20)(21)(22)(23) | SF | Expiration(21) |
Loan | 28 | 4400 PGA Boulevard(24) | Fee Simple | Marsh & McLennan Agency LLC | 24,702 | 03/31/2024 | Pulte Homes | 8,234 | 01/31/2022 | US Army Corps of Engineers | 8,193 | 07/31/2018 | ||
Loan | 29 | Honey Creek Marketplace | Fee Simple | Academy Sports + Outdoors | 63,137 | 02/28/2031 | Fresh Thyme | 28,585 | 03/31/2031 | Massage Envy | 4,000 | 01/31/2027 | ||
Loan | 30 | Metro Center V(24) | Fee Simple | Running Balance Inc. | 23,191 | 05/31/2025 | Kasai North America Inc. | 14,620 | 04/30/2023 | PS Executive Centers Inc | 12,673 | 02/28/2019 | ||
Loan | 31 | 1114-1126 Lake Street | Fee Simple | Fitness Formula Club | 47,074 | 05/17/2027 | Bar Louie | 5,987 | 11/30/2026 | Sleepy’s | 5,020 | 11/30/2024 | ||
Loan | 32 | William Penn Building | Fee Simple | Queensborough | 7,500 | 07/31/2027 | Tacos El Gordo | 3,100 | 04/30/2026 | NAP | NAP | NAP | ||
Loan | 33 | Tri State Neighborhood Center | Fee Simple | ShopRite | 58,893 | 08/31/2022 | TJ Maxx | 28,000 | 11/30/2018 | Dollar Tree | 8,500 | 08/31/2021 | ||
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 35 | Hampton Inn & Suites Shelby | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 36 | Goodale Office(24) | Fee Simple | Zaner-Bloser, Inc. | 27,242 | 04/30/2027 | King Business Interiors | 15,944 | 04/30/2027 | Navigator Management Partners | 10,057 | 11/30/2023 | ||
Loan | 37 | Hampton Inn Glenwood Springs | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 38 | Pick ‘n Save Appleton WI | Fee Simple | Pick ‘n Save | 65,313 | 12/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 39 | Fresenius Portfolio V | Fee Simple | |||||||||||
Property | 39.01 | Fresenius Dayton | Fee Simple | Fresenius Medical Care | 8,419 | 04/28/2031 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 39.02 | Fresenius Davenport | Fee Simple | Fresenius Medical Care | 7,048 | 04/28/2031 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 39.03 | Fresenius Rock Island | Fee Simple | Fresenius Medical Care | 6,050 | 04/28/2031 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 39.04 | Fresenius Muscatine | Fee Simple | Fresenius Medical Care | 4,609 | 04/28/2031 | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 40 | Village Square | Fee Simple | Pet Food Express | 5,600 | 08/31/2020 | Wells Fargo | 4,234 | 08/31/2021 | Italian Colors | 3,535 | 02/28/2020 | ||
Loan | 41 | Q-2 Self Storage | Leasehold | 12/31/2052 | None | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 42 | Best Western Plus - Chalmette | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 43 | Afton Village | Fee Simple | Novant Health Primary Care | 5,000 | 03/31/2022 | Afton Tavern | 4,995 | 11/30/2020 | Afton Pub & Pizza | 3,550 | 09/30/2018 | ||
Loan | 44 | 21st Century Storage - Miami, FL | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 45 | Hillside Mobile Estates | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 46 | Callahan Plaza | Fee Simple | Winn-Dixie | 39,211 | 05/01/2027 | Gibson McDonald Furniture | 15,947 | 12/01/2021 | O’Reilly Auto Parts | 8,640 | 06/01/2027 | ||
Loan | 47 | CityLine PA Portfolio | Fee Simple | |||||||||||
Property | 47.01 | Carlisle Self Storage | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Property | 47.02 | West Chocolate Self Storage | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 48 | CityLine BeCubed | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
Loan | 49 | Marketplace on Grove | Fee Simple | Jersey Mike’s | 2,200 | 08/14/2020 | Hawaiian BBQ | 2,020 | 01/31/2023 | Taco Hut | 1,800 | 02/14/2020 |
A-1-18
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | |||||||||||
Lease | Lease | Occupancy | Replacement | ||||||||
Property Flag | ID | Property Name | 4th Largest Tenant(21)(23) | SF | Expiration(21) | 5th Largest Tenant(21)(23) | SF | Expiration(21) | Occupancy(4)(23) | As-of Date | Reserves($) |
Loan | 1 | 90 Hudson(2) | NAP | NAP | NAP | NAP | NAP | NAP | 97.5% | 09/01/2017 | |
Loan | 2 | Valencia Town Center | Buca di Beppo | 8,497 | 03/31/2023 | Souplantation | 7,366 | 03/31/2022 | 96.5% | 07/31/2017 | |
Loan | 3 | The Woods(2) | NAP | NAP | NAP | NAP | NAP | NAP | 94.7% | 10/01/2017 | |
Loan | 4 | Griffin Portfolio(2) | 98.4% | Various | |||||||
Property | 4.01 | Restoration Hardware Distribution | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.02 | State Farm Regional HQ | NAP | NAP | NAP | NAP | NAP | NAP | 89.6% | 09/01/2017 | |
Property | 4.03 | North Pointe I | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.04 | Corporate Campus at Norterra | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.05 | CHRISTUS Health HQ | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/01/2017 | |
Property | 4.06 | Duke Bridges I | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.07 | Wells Fargo Operations Center | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.08 | Ace Hardware HQ | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.09 | Royal Ridge V | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Property | 4.10 | Comcast Regional HQ | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2018 | |
Loan | 5 | Worldwide Plaza(2)(31)(32) | WNET.ORG and THIRTEEN | 102,709 | 08/31/2026 | Rubenstein Associates, Inc. | 68,432 | 04/30/2031 | 98.4% | 06/30/2017 | |
Loan | 6 | Station Place III(2)(32) | Pritchard Industries, Inc. | 833 | 12/31/2018 | NAP | NAP | NAP | 98.6% | 09/01/2017 | 8,628 |
Loan | 7 | Atrium Center(2) | Boylston Street Dental | 8,725 | 04/30/2033 | Newton - Wellesley Hospital | 6,185 | 12/31/2027 | 100.0% | 12/01/2017 | |
Loan | 8 | Sentinel Square II(2) | NAP | NAP | NAP | NAP | NAP | NAP | 94.1% | 12/31/2017 | |
Loan | 9 | Spicetree Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 95.5% | 12/01/2017 | |
Loan | 10 | Radisson Blu Aqua Hotel(2) | NAP | NAP | NAP | NAP | NAP | NAP | 76.8% | 08/31/2017 | |
Loan | 11 | 8900 Beverly | Poggenpohl | 2,530 | 06/30/2023 | NAP | NAP | NAP | 89.6% | 11/07/2017 | |
Loan | 12 | Gateway Net Lease Portfolio(2) | 100.0% | 01/05/2018 | |||||||
Property | 12.01 | BAE Facility | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.02 | FedEx Ground (Stratford) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.03 | FedEx (Baltimore) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.04 | Harman Becker | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.05 | GE Aviation (Lafayette) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.06 | GoDaddy | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.07 | Carrier | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.08 | Emerus | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.09 | Cardinal Health | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.10 | Tyco Electronics | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.11 | FCA/Caterpillar | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.12 | FedEx Ground (Staunton) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.15 | T-Mobile Call Center | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.16 | Sikorsky Aircraft R&D Facility | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.17 | Vatterott College | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.18 | Comcast | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.19 | Alfa Laval Plant | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.20 | LKQ (New Braunfels) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.21 | Hitachi | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.22 | Cameron International | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.23 | Alliance Data Systems Office | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.24 | Synchrony Financial | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.25 | Baxalta (Barry Pointe) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.26 | Baxalta (Casselberry) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.27 | Baxalta (Mounds View) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.28 | Baxalta (Grand Rapids) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.29 | Gerdau | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.30 | Baxalta (Wausau) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.31 | Baxalta (Springfield) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.32 | LKQ (Salisbury) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.33 | Baxalta (Ankeny) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.34 | H&E Equipment Services (San Antonio) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.35 | H&E Equipment Services (New Orleans) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.36 | GE Aviation (Pompano) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.37 | Saint-Gobain Warehouse | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.38 | H&E Equipment Services (Columbia) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.39 | H&E Equipment Services (Yukon) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.40 | LKQ (Toledo) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Property | 12.41 | H&E Equipment Services (Greer) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2018 | |
Loan | 13 | Lehigh Valley Mall(2) | Pottery Barn | 13,011 | 01/31/2020 | New York & Company | 11,306 | 03/31/2018 | 83.9% | 10/12/2017 | |
Loan | 14 | Rochester Hotel Portfolio(2) | 58.4% | 10/31/2017 | |||||||
Property | 14.01 | Rochester Marriott | NAP | NAP | NAP | NAP | NAP | NAP | 71.0% | 10/31/2017 | |
Property | 14.02 | Kahler Grand | NAP | NAP | NAP | NAP | NAP | NAP | 49.4% | 10/31/2017 | |
Property | 14.03 | Kahler Inn & Suites | NAP | NAP | NAP | NAP | NAP | NAP | 65.9% | 10/31/2017 | |
Property | 14.04 | Residence Inn Rochester | NAP | NAP | NAP | NAP | NAP | NAP | 73.6% | 10/31/2017 | |
Loan | 15 | Oasis at Pavilion Park | NAP | NAP | NAP | NAP | NAP | NAP | 92.0% | 12/10/2017 | |
Loan | 16 | 521-523 East 72nd Street(2)(32) | NAP | NAP | NAP | NAP | NAP | NAP | 98.8% | 05/03/2017 | |
Loan | 17 | 156-168 Bleecker | World’s Best Cookie Dough | 1,765 | 12/01/2029 | York Food | 1,335 | 01/31/2019 | 100.0% | 10/24/2017 | |
Loan | 18 | Marriott Charlotte City Center(2) | NAP | NAP | NAP | NAP | NAP | NAP | 73.0% | 11/30/2017 | |
Loan | 19 | Miracle Mile Shopping Center(2) | PNC Financial Services | 20,126 | 01/31/2024 | DSW Designer Shoe Warehouse | 20,000 | 06/01/2021 | 97.7% | 07/01/2017 | |
Loan | 20 | Center Promenade(24) | Social Security Administration | 10,858 | 09/18/2027 | Superior Court of California | 8,412 | 04/10/2022 | 87.4% | 12/01/2017 | |
Loan | 21 | The Arbors | Kidde Technologies, Inc. | 15,174 | 05/31/2022 | Travel Management Partners, Inc. | 9,174 | 01/31/2022 | 98.7% | 10/31/2017 |
A-1-19
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | |||||||||||
Lease | Lease | Occupancy | Replacement | ||||||||
Property Flag | ID | Property Name | 4th Largest Tenant(21)(23) | SF | Expiration(21) | 5th Largest Tenant(21)(23) | SF | Expiration(21) | Occupancy(4)(23) | As-of Date | Reserves($) |
Loan | 22 | Towers at University Town Center(2) | NAP | NAP | NAP | NAP | NAP | NAP | 99.2% | 10/05/2017 | 11,375 |
Loan | 23 | Olive Park Shopping Center | Mattress Firm | 4,212 | 08/31/2027 | City BBQ | 3,640 | 05/31/2032 | 100.0% | 11/01/2017 | |
Loan | 24 | Two Harbor Point Square(2)(31) | Castleton Commodities | 16,574 | 05/31/2027 | Insight Global | 7,345 | 04/30/2022 | 94.3% | 09/01/2017 | |
Loan | 25 | Valley Crossing | Specs | 5,000 | 03/31/2022 | Mattress Firm | 4,000 | 08/31/2020 | 89.6% | 08/01/2017 | 1,254 |
Loan | 26 | AHIP Northeast Portfolio I(2) | 84.0% | 03/31/2017 | |||||||
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | NAP | NAP | NAP | NAP | NAP | NAP | 82.2% | 03/31/2017 | |
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | NAP | NAP | NAP | NAP | NAP | NAP | 89.1% | 03/31/2017 | |
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | NAP | NAP | NAP | NAP | NAP | NAP | 78.7% | 03/31/2017 | |
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | NAP | NAP | NAP | NAP | NAP | NAP | 85.9% | 03/31/2017 | |
Property | 26.05 | Homewood Suites - Dover Rockaway | NAP | NAP | NAP | NAP | NAP | NAP | 84.5% | 03/31/2017 | |
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | 74.6% | 03/31/2017 | |||||||
Property | 27.01 | Larkspur Landing Sunnyvale | NAP | NAP | NAP | NAP | NAP | NAP | 83.8% | 03/31/2017 | |
Property | 27.02 | Larkspur Landing Milpitas | NAP | NAP | NAP | NAP | NAP | NAP | 85.7% | 03/31/2017 | |
Property | 27.03 | Larkspur Landing Campbell | NAP | NAP | NAP | NAP | NAP | NAP | 84.3% | 03/31/2017 | |
Property | 27.04 | Larkspur Landing San Francisco | NAP | NAP | NAP | NAP | NAP | NAP | 84.9% | 03/31/2017 | |
Property | 27.05 | Larkspur Landing Pleasanton | NAP | NAP | NAP | NAP | NAP | NAP | 82.9% | 03/31/2017 | |
Property | 27.06 | Larkspur Landing Bellevue | NAP | NAP | NAP | NAP | NAP | NAP | 78.8% | 03/31/2017 | |
Property | 27.07 | Larkspur Landing Sacramento | NAP | NAP | NAP | NAP | NAP | NAP | 83.0% | 03/31/2017 | |
Property | 27.08 | Hampton Inn Ann Arbor North | NAP | NAP | NAP | NAP | NAP | NAP | 73.9% | 03/31/2017 | |
Property | 27.09 | Larkspur Landing Hillsboro | NAP | NAP | NAP | NAP | NAP | NAP | 74.1% | 03/31/2017 | |
Property | 27.10 | Larkspur Landing Renton | NAP | NAP | NAP | NAP | NAP | NAP | 80.3% | 03/31/2017 | |
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | NAP | NAP | NAP | NAP | NAP | NAP | 78.3% | 03/31/2017 | |
Property | 27.12 | Residence Inn Toledo Maumee | NAP | NAP | NAP | NAP | NAP | NAP | 81.7% | 03/31/2017 | |
Property | 27.13 | Residence Inn Williamsburg | NAP | NAP | NAP | NAP | NAP | NAP | 73.0% | 03/31/2017 | |
Property | 27.14 | Hampton Inn Suites Waco South | NAP | NAP | NAP | NAP | NAP | NAP | 77.7% | 03/31/2017 | |
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | NAP | NAP | NAP | NAP | NAP | NAP | 72.9% | 03/31/2017 | |
Property | 27.16 | Courtyard Tyler | NAP | NAP | NAP | NAP | NAP | NAP | 58.8% | 03/31/2017 | |
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | NAP | NAP | NAP | NAP | NAP | NAP | 78.1% | 03/31/2017 | |
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | NAP | NAP | NAP | NAP | NAP | NAP | 80.0% | 03/31/2017 | |
Property | 27.19 | Residence Inn Grand Rapids West | NAP | NAP | NAP | NAP | NAP | NAP | 72.6% | 03/31/2017 | |
Property | 27.20 | Peoria, AZ Residence Inn | NAP | NAP | NAP | NAP | NAP | NAP | 80.8% | 03/31/2017 | |
Property | 27.21 | Hampton Inn Suites Bloomington Normal | NAP | NAP | NAP | NAP | NAP | NAP | 70.8% | 03/31/2017 | |
Property | 27.22 | Courtyard Chico | NAP | NAP | NAP | NAP | NAP | NAP | 84.6% | 03/31/2017 | |
Property | 27.23 | Hampton Inn Suites Kokomo | NAP | NAP | NAP | NAP | NAP | NAP | 77.9% | 03/31/2017 | |
Property | 27.24 | Hampton Inn Suites South Bend | NAP | NAP | NAP | NAP | NAP | NAP | 69.9% | 03/31/2017 | |
Property | 27.25 | Courtyard Wichita Falls | NAP | NAP | NAP | NAP | NAP | NAP | 77.4% | 03/31/2017 | |
Property | 27.26 | Hampton Inn Morehead | NAP | NAP | NAP | NAP | NAP | NAP | 66.6% | 03/31/2017 | |
Property | 27.27 | Residence Inn Chico | NAP | NAP | NAP | NAP | NAP | NAP | 88.0% | 03/31/2017 | |
Property | 27.28 | Courtyard Lufkin | NAP | NAP | NAP | NAP | NAP | NAP | 64.9% | 03/31/2017 | |
Property | 27.29 | Hampton Inn Carlisle | NAP | NAP | NAP | NAP | NAP | NAP | 76.1% | 03/31/2017 | |
Property | 27.30 | Springhill Suites Williamsburg | NAP | NAP | NAP | NAP | NAP | NAP | 71.7% | 03/31/2017 | |
Property | 27.31 | Fairfield Inn Bloomington | NAP | NAP | NAP | NAP | NAP | NAP | 87.1% | 03/31/2017 | |
Property | 27.32 | Waco Residence Inn | NAP | NAP | NAP | NAP | NAP | NAP | 82.0% | 03/31/2017 | |
Property | 27.33 | Holiday Inn Express Fishers | NAP | NAP | NAP | NAP | NAP | NAP | 67.1% | 03/31/2017 | |
Property | 27.34 | Larkspur Landing Folsom | NAP | NAP | NAP | NAP | NAP | NAP | 86.4% | 03/31/2017 | |
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | NAP | NAP | NAP | NAP | NAP | NAP | 67.1% | 03/31/2017 | |
Property | 27.36 | Holiday Inn Express & Suites Paris | NAP | NAP | NAP | NAP | NAP | NAP | 72.6% | 03/31/2017 | |
Property | 27.37 | Toledo Homewood Suites | NAP | NAP | NAP | NAP | NAP | NAP | 82.2% | 03/31/2017 | |
Property | 27.38 | Grand Rapids Homewood Suites | NAP | NAP | NAP | NAP | NAP | NAP | 84.1% | 03/31/2017 | |
Property | 27.39 | Cheyenne Fairfield Inn and Suites | NAP | NAP | NAP | NAP | NAP | NAP | 74.6% | 03/31/2017 | |
Property | 27.40 | Fairfield Inn Laurel | NAP | NAP | NAP | NAP | NAP | NAP | 79.9% | 03/31/2017 | |
Property | 27.41 | Courtyard Akron Stow | NAP | NAP | NAP | NAP | NAP | NAP | 65.9% | 03/31/2017 | |
Property | 27.42 | Larkspur Landing Roseville | NAP | NAP | NAP | NAP | NAP | NAP | 79.5% | 03/31/2017 | |
Property | 27.43 | Towneplace Suites Bloomington | NAP | NAP | NAP | NAP | NAP | NAP | 89.1% | 03/31/2017 | |
Property | 27.44 | Hampton Inn Danville | NAP | NAP | NAP | NAP | NAP | NAP | 80.0% | 03/31/2017 | |
Property | 27.45 | Holiday Inn Norwich | NAP | NAP | NAP | NAP | NAP | NAP | 56.7% | 03/31/2017 | |
Property | 27.46 | Hampton Inn Suites Longview North | NAP | NAP | NAP | NAP | NAP | NAP | 63.8% | 03/31/2017 | |
Property | 27.47 | Springhill Suites Peoria Westlake | NAP | NAP | NAP | NAP | NAP | NAP | 63.3% | 03/31/2017 | |
Property | 27.48 | Hampton Inn Suites Buda | NAP | NAP | NAP | NAP | NAP | NAP | 74.5% | 03/31/2017 | |
Property | 27.49 | Shawnee Hampton Inn | NAP | NAP | NAP | NAP | NAP | NAP | 77.6% | 03/31/2017 | |
Property | 27.50 | Racine Fairfield Inn | NAP | NAP | NAP | NAP | NAP | NAP | 68.6% | 03/31/2017 | |
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | NAP | NAP | NAP | NAP | NAP | NAP | 75.6% | 03/31/2017 | |
Property | 27.52 | Holiday Inn Express & Suites Terrell | NAP | NAP | NAP | NAP | NAP | NAP | 84.0% | 03/31/2017 | |
Property | 27.53 | Westchase Homewood Suites | NAP | NAP | NAP | NAP | NAP | NAP | 63.4% | 03/31/2017 | |
Property | 27.54 | Holiday Inn Express & Suites Tyler South | NAP | NAP | NAP | NAP | NAP | NAP | 65.9% | 03/31/2017 | |
Property | 27.55 | Holiday Inn Express & Suites Huntsville | NAP | NAP | NAP | NAP | NAP | NAP | 65.5% | 03/31/2017 | |
Property | 27.56 | Hampton Inn Sweetwater | NAP | NAP | NAP | NAP | NAP | NAP | 62.9% | 03/31/2017 | |
Property | 27.57 | Comfort Suites Buda Austin South | NAP | NAP | NAP | NAP | NAP | NAP | 76.8% | 03/31/2017 | |
Property | 27.58 | Fairfield Inn & Suites Weatherford | NAP | NAP | NAP | NAP | NAP | NAP | 63.4% | 03/31/2017 | |
Property | 27.59 | Holiday Inn Express & Suites Altus | NAP | NAP | NAP | NAP | NAP | NAP | 67.4% | 03/31/2017 | |
Property | 27.60 | Comfort Inn & Suites Paris | NAP | NAP | NAP | NAP | NAP | NAP | 67.4% | 03/31/2017 | |
Property | 27.61 | Hampton Inn Suites Decatur | NAP | NAP | NAP | NAP | NAP | NAP | 64.6% | 03/31/2017 | |
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | NAP | NAP | NAP | NAP | NAP | NAP | 66.5% | 03/31/2017 | |
Property | 27.63 | Mankato Fairfield Inn | NAP | NAP | NAP | NAP | NAP | NAP | 58.0% | 03/31/2017 | |
Property | 27.64 | Candlewood Suites Texarkana | NAP | NAP | NAP | NAP | NAP | NAP | 75.0% | 03/31/2017 | |
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | NAP | NAP | NAP | NAP | NAP | NAP | 54.1% | 03/31/2017 |
A-1-20
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | |||||||||||
Lease | Lease | Occupancy | Replacement | ||||||||
Property Flag | ID | Property Name | 4th Largest Tenant(21)(23) | SF | Expiration(21) | 5th Largest Tenant(21)(23) | SF | Expiration(21) | Occupancy(4)(23) | As-of Date | Reserves($) |
Loan | 28 | 4400 PGA Boulevard(24) | Scott, Harris, Bryan, Barra & Jorgensen, P.A. | 5,709 | 10/31/2019 | GAI Consultants, Inc. | 4,720 | 05/21/2021 | 100.0% | 08/31/2017 | |
Loan | 29 | Honey Creek Marketplace | Style Encore | 3,920 | 03/31/2027 | Aspen Dental | 3,697 | 10/31/2026 | 100.0% | 11/01/2017 | 1,796 |
Loan | 30 | Metro Center V(24) | Tibco Software Inc | 12,293 | 01/31/2021 | Coresource | 10,113 | 12/31/2020 | 91.5% | 12/08/2017 | |
Loan | 31 | 1114-1126 Lake Street | NAP | NAP | NAP | NAP | NAP | NAP | 91.7% | 10/25/2017 | |
Loan | 32 | William Penn Building | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 08/01/2017 | |
Loan | 33 | Tri State Neighborhood Center | Furniture and Mattress Wholesalers | 5,052 | MTM | Village Pizza | 2,700 | 06/30/2018 | 94.8% | 09/30/2017 | |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | NAP | NAP | NAP | NAP | NAP | NAP | 68.5% | 09/30/2017 | 12,174 |
Loan | 35 | Hampton Inn & Suites Shelby | NAP | NAP | NAP | NAP | NAP | NAP | 73.1% | 09/30/2017 | 9,230 |
Loan | 36 | Goodale Office(24) | Franklin Soil & Water Conservation District | 7,450 | 07/31/2024 | Greenberg Farrow Architecture | 7,296 | 02/28/2022 | 100.0% | 11/30/2017 | |
Loan | 37 | Hampton Inn Glenwood Springs | NAP | NAP | NAP | NAP | NAP | NAP | 77.8% | 10/31/2017 | 9,178 |
Loan | 38 | Pick ‘n Save Appleton WI | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2018 | |
Loan | 39 | Fresenius Portfolio V | 100.0% | 01/06/2018 | 26,126 | ||||||
Property | 39.01 | Fresenius Dayton | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2018 | |
Property | 39.02 | Fresenius Davenport | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2018 | |
Property | 39.03 | Fresenius Rock Island | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2018 | |
Property | 39.04 | Fresenius Muscatine | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2018 | |
Loan | 40 | Village Square | Lara Weyland et al | 2,964 | 05/31/2018 | Jiwahn Han | 2,600 | 01/31/2022 | 89.6% | 08/01/2017 | |
Loan | 41 | Q-2 Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | 97.7% | 08/01/2017 | 1,275 |
Loan | 42 | Best Western Plus - Chalmette | NAP | NAP | NAP | NAP | NAP | NAP | 79.7% | 09/30/2017 | 6,920 |
Loan | 43 | Afton Village | E Noodles | 2,594 | 01/31/2022 | Joes Sports Bar & Grill | 2,274 | 09/14/2018 | 100.0% | 11/21/2017 | |
Loan | 44 | 21st Century Storage - Miami, FL | NAP | NAP | NAP | NAP | NAP | NAP | 91.1% | 09/11/2017 | |
Loan | 45 | Hillside Mobile Estates | NAP | NAP | NAP | NAP | NAP | NAP | 97.1% | 12/31/2016 | |
Loan | 46 | Callahan Plaza | First Coast Pawn Shop | 7,700 | 01/01/2021 | The Pig BBQ | 4,807 | 03/01/2018 | 94.0% | 05/01/2017 | |
Loan | 47 | CityLine PA Portfolio | 81.6% | 11/20/2017 | |||||||
Property | 47.01 | Carlisle Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | 78.6% | 11/20/2017 | |
Property | 47.02 | West Chocolate Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | 87.9% | 11/20/2017 | |
Loan | 48 | CityLine BeCubed | NAP | NAP | NAP | NAP | NAP | NAP | 95.6% | 10/31/2017 | |
Loan | 49 | Marketplace on Grove | Cielo Spa | 1,600 | 07/31/2020 | Daniel Ton, DDS | 1,400 | 04/30/2022 | 100.0% | 05/31/2017 |
A-1-21
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | Monthly | |||
Replacement | TI/LC | TI/LC | |||
Property Flag | ID | Property Name | Reserves ($)(26)(27)(28) | Reserves ($) | Reserves ($)(26)(28) |
Loan | 1 | 90 Hudson(2) | Springing | Springing | |
Loan | 2 | Valencia Town Center | 6,258 | 428,250 | 51,049 |
Loan | 3 | The Woods(2) | Springing | ||
Loan | 4 | Griffin Portfolio(2) | Springing | Springing | |
Property | 4.01 | Restoration Hardware Distribution | |||
Property | 4.02 | State Farm Regional HQ | |||
Property | 4.03 | North Pointe I | |||
Property | 4.04 | Corporate Campus at Norterra | |||
Property | 4.05 | CHRISTUS Health HQ | |||
Property | 4.06 | Duke Bridges I | |||
Property | 4.07 | Wells Fargo Operations Center | |||
Property | 4.08 | Ace Hardware HQ | |||
Property | 4.09 | Royal Ridge V | |||
Property | 4.10 | Comcast Regional HQ | |||
Loan | 5 | Worldwide Plaza(2)(31)(32) | Springing | Springing | |
Loan | 6 | Station Place III(2)(32) | 8,628 | ||
Loan | 7 | Atrium Center(2) | |||
Loan | 8 | Sentinel Square II(2) | Springing | Springing | |
Loan | 9 | Spicetree Apartments | 11,480 | ||
Loan | 10 | Radisson Blu Aqua Hotel(2) | 4.0% of gross revenues for the calendar month which occurred two months prior | ||
Loan | 11 | 8900 Beverly | 1,058 | 9,132 | |
Loan | 12 | Gateway Net Lease Portfolio(2) | Springing | Springing | |
Property | 12.01 | BAE Facility | |||
Property | 12.02 | FedEx Ground (Stratford) | |||
Property | 12.03 | FedEx (Baltimore) | |||
Property | 12.04 | Harman Becker | |||
Property | 12.05 | GE Aviation (Lafayette) | |||
Property | 12.06 | GoDaddy | |||
Property | 12.07 | Carrier | |||
Property | 12.08 | Emerus | |||
Property | 12.09 | Cardinal Health | |||
Property | 12.10 | Tyco Electronics | |||
Property | 12.11 | FCA/Caterpillar | |||
Property | 12.12 | FedEx Ground (Staunton) | |||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | |||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | |||
Property | 12.15 | T-Mobile Call Center | |||
Property | 12.16 | Sikorsky Aircraft R&D Facility | |||
Property | 12.17 | Vatterott College | |||
Property | 12.18 | Comcast | |||
Property | 12.19 | Alfa Laval Plant | |||
Property | 12.20 | LKQ (New Braunfels) | |||
Property | 12.21 | Hitachi | |||
Property | 12.22 | Cameron International | |||
Property | 12.23 | Alliance Data Systems Office | |||
Property | 12.24 | Synchrony Financial | |||
Property | 12.25 | Baxalta (Barry Pointe) | |||
Property | 12.26 | Baxalta (Casselberry) | |||
Property | 12.27 | Baxalta (Mounds View) | |||
Property | 12.28 | Baxalta (Grand Rapids) | |||
Property | 12.29 | Gerdau | |||
Property | 12.30 | Baxalta (Wausau) | |||
Property | 12.31 | Baxalta (Springfield) | |||
Property | 12.32 | LKQ (Salisbury) | |||
Property | 12.33 | Baxalta (Ankeny) | |||
Property | 12.34 | H&E Equipment Services (San Antonio) | |||
Property | 12.35 | H&E Equipment Services (New Orleans) | |||
Property | 12.36 | GE Aviation (Pompano) | |||
Property | 12.37 | Saint-Gobain Warehouse | |||
Property | 12.38 | H&E Equipment Services (Columbia) | |||
Property | 12.39 | H&E Equipment Services (Yukon) | |||
Property | 12.40 | LKQ (Toledo) | |||
Property | 12.41 | H&E Equipment Services (Greer) | |||
Loan | 13 | Lehigh Valley Mall(2) | Springing | 81,785 | |
Loan | 14 | Rochester Hotel Portfolio(2) | Borrower is required to deposit the greater of (i) 5.0% of the projected rents for each property’s hotel operations for the prior month, (ii) the amount due under the management agreement and (iii) the amount due under the franchise agreement for FF&E Work | ||
Property | 14.01 | Rochester Marriott | |||
Property | 14.02 | Kahler Grand | |||
Property | 14.03 | Kahler Inn & Suites | |||
Property | 14.04 | Residence Inn Rochester | |||
Loan | 15 | Oasis at Pavilion Park | 7,000 | ||
Loan | 16 | 521-523 East 72nd Street(2)(32) | Springing | Springing | |
Loan | 17 | 156-168 Bleecker | 408 | 177,945 | Springing |
Loan | 18 | Marriott Charlotte City Center(2) | Springing | ||
Loan | 19 | Miracle Mile Shopping Center(2) | 4,978 | 24,891 | |
Loan | 20 | Center Promenade(24) | 2,490 | 18,669 | |
Loan | 21 | The Arbors | 4,354 | 81,292 | 14,982 |
A-1-22
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | Monthly | |||
Replacement | TI/LC | TI/LC | |||
Property Flag | ID | Property Name | Reserves ($)(26)(27)(28) | Reserves ($) | Reserves ($)(26)(28) |
Loan | 22 | Towers at University Town Center(2) | 11,375 | ||
Loan | 23 | Olive Park Shopping Center | 792 | 3,958 | |
Loan | 24 | Two Harbor Point Square(2)(31) | 2,335 | 20,833 | |
Loan | 25 | Valley Crossing | 1,254 | 10,000 | 10,000 |
Loan | 26 | AHIP Northeast Portfolio I(2) | Springing | ||
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | |||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | |||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | |||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | |||
Property | 26.05 | Homewood Suites - Dover Rockaway | |||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | The greater of (i) 4.0% of gross revenues for the month which occurred two months prior and (ii) any amount required under any Franchise Agreement for FF&E Work | ||
Property | 27.01 | Larkspur Landing Sunnyvale | |||
Property | 27.02 | Larkspur Landing Milpitas | |||
Property | 27.03 | Larkspur Landing Campbell | |||
Property | 27.04 | Larkspur Landing San Francisco | |||
Property | 27.05 | Larkspur Landing Pleasanton | |||
Property | 27.06 | Larkspur Landing Bellevue | |||
Property | 27.07 | Larkspur Landing Sacramento | |||
Property | 27.08 | Hampton Inn Ann Arbor North | |||
Property | 27.09 | Larkspur Landing Hillsboro | |||
Property | 27.10 | Larkspur Landing Renton | |||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | |||
Property | 27.12 | Residence Inn Toledo Maumee | |||
Property | 27.13 | Residence Inn Williamsburg | |||
Property | 27.14 | Hampton Inn Suites Waco South | |||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | |||
Property | 27.16 | Courtyard Tyler | |||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | |||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | |||
Property | 27.19 | Residence Inn Grand Rapids West | |||
Property | 27.20 | Peoria, AZ Residence Inn | |||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | |||
Property | 27.22 | Courtyard Chico | |||
Property | 27.23 | Hampton Inn Suites Kokomo | |||
Property | 27.24 | Hampton Inn Suites South Bend | |||
Property | 27.25 | Courtyard Wichita Falls | |||
Property | 27.26 | Hampton Inn Morehead | |||
Property | 27.27 | Residence Inn Chico | |||
Property | 27.28 | Courtyard Lufkin | |||
Property | 27.29 | Hampton Inn Carlisle | |||
Property | 27.30 | Springhill Suites Williamsburg | |||
Property | 27.31 | Fairfield Inn Bloomington | |||
Property | 27.32 | Waco Residence Inn | |||
Property | 27.33 | Holiday Inn Express Fishers | |||
Property | 27.34 | Larkspur Landing Folsom | |||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | |||
Property | 27.36 | Holiday Inn Express & Suites Paris | |||
Property | 27.37 | Toledo Homewood Suites | |||
Property | 27.38 | Grand Rapids Homewood Suites | |||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | |||
Property | 27.40 | Fairfield Inn Laurel | |||
Property | 27.41 | Courtyard Akron Stow | |||
Property | 27.42 | Larkspur Landing Roseville | |||
Property | 27.43 | Towneplace Suites Bloomington | |||
Property | 27.44 | Hampton Inn Danville | |||
Property | 27.45 | Holiday Inn Norwich | |||
Property | 27.46 | Hampton Inn Suites Longview North | |||
Property | 27.47 | Springhill Suites Peoria Westlake | |||
Property | 27.48 | Hampton Inn Suites Buda | |||
Property | 27.49 | Shawnee Hampton Inn | |||
Property | 27.50 | Racine Fairfield Inn | |||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | |||
Property | 27.52 | Holiday Inn Express & Suites Terrell | |||
Property | 27.53 | Westchase Homewood Suites | |||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | |||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | |||
Property | 27.56 | Hampton Inn Sweetwater | |||
Property | 27.57 | Comfort Suites Buda Austin South | |||
Property | 27.58 | Fairfield Inn & Suites Weatherford | |||
Property | 27.59 | Holiday Inn Express & Suites Altus | |||
Property | 27.60 | Comfort Inn & Suites Paris | |||
Property | 27.61 | Hampton Inn Suites Decatur | |||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | |||
Property | 27.63 | Mankato Fairfield Inn | |||
Property | 27.64 | Candlewood Suites Texarkana | |||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East |
A-1-23
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | Monthly | |||
Replacement | TI/LC | TI/LC | |||
Property Flag | ID | Property Name | Reserves ($)(26)(27)(28) | Reserves ($) | Reserves ($)(26)(28) |
Loan | 28 | 4400 PGA Boulevard(24) | 1,347 | 400,000 | Springing |
Loan | 29 | Honey Creek Marketplace | 1,796 | 3,333 | 3,333 |
Loan | 30 | Metro Center V(24) | 6,170 | 50,000 | 25,000 |
Loan | 31 | 1114-1126 Lake Street | 792 | 4,435 | |
Loan | 32 | William Penn Building | 593 | 883 | |
Loan | 33 | Tri State Neighborhood Center | 9,557 | 9,557 | |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | 4.0% of gross revenues for the calendar month which occurred two months prior | ||
Loan | 35 | Hampton Inn & Suites Shelby | 4.0% of gross revenues for the calendar month which occurred two months prior | ||
Loan | 36 | Goodale Office(24) | 1,329 | 6,250 | |
Loan | 37 | Hampton Inn Glenwood Springs | 4.0% of gross revenues for the calendar month which occurred two months prior | ||
Loan | 38 | Pick ‘n Save Appleton WI | 816 | 2,242 | |
Loan | 39 | Fresenius Portfolio V | Springing | Springing | |
Property | 39.01 | Fresenius Dayton | |||
Property | 39.02 | Fresenius Davenport | |||
Property | 39.03 | Fresenius Rock Island | |||
Property | 39.04 | Fresenius Muscatine | |||
Loan | 40 | Village Square | |||
Loan | 41 | Q-2 Self Storage | 1,275 | ||
Loan | 42 | Best Western Plus - Chalmette | 4.0% of gross revenues for the calendar month which occurred two months prior | ||
Loan | 43 | Afton Village | 496 | 35,000 | 4,167 |
Loan | 44 | 21st Century Storage - Miami, FL | 1,072 | ||
Loan | 45 | Hillside Mobile Estates | 3,749 | ||
Loan | 46 | Callahan Plaza | 1,668 | 3,627 | |
Loan | 47 | CityLine PA Portfolio | 910 | ||
Property | 47.01 | Carlisle Self Storage | |||
Property | 47.02 | West Chocolate Self Storage | |||
Loan | 48 | CityLine BeCubed | 422 | ||
Loan | 49 | Marketplace on Grove | 237 | 115,000 | Springing |
A-1-24
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||
Tax | Tax | Insurance | Insurance | Engineering | Other | Other | |||
Property Flag | ID | Property Name | Reserves ($)(25) | Reserves ($)(26) | Reserves($) | Reserves ($)(26) | Reserve($) | Reserves ($) | Reserves ($)(26)(27)(28) |
Loan | 1 | 90 Hudson(2) | Springing | 100,000 | Springing | 198,000 | 291,238 | Springing | |
Loan | 2 | Valencia Town Center | 527,523 | 175,841 | Springing | 4,552,918 | 223,125 | ||
Loan | 3 | The Woods(2) | Springing | Springing | |||||
Loan | 4 | Griffin Portfolio(2) | 930,000 | 466,667 | Springing | 5,657,511 | |||
Property | 4.01 | Restoration Hardware Distribution | |||||||
Property | 4.02 | State Farm Regional HQ | |||||||
Property | 4.03 | North Pointe I | |||||||
Property | 4.04 | Corporate Campus at Norterra | |||||||
Property | 4.05 | CHRISTUS Health HQ | |||||||
Property | 4.06 | Duke Bridges I | |||||||
Property | 4.07 | Wells Fargo Operations Center | |||||||
Property | 4.08 | Ace Hardware HQ | |||||||
Property | 4.09 | Royal Ridge V | |||||||
Property | 4.10 | Comcast Regional HQ | |||||||
Loan | 5 | Worldwide Plaza(2)(31)(32) | Springing | Springing | Springing | ||||
Loan | 6 | Station Place III(2)(32) | Springing | Springing | 415,973 | Springing | |||
Loan | 7 | Atrium Center(2) | Springing | Springing | 23,558,259 | Springing | |||
Loan | 8 | Sentinel Square II(2) | Springing | Springing | 19,093,311 | Springing | |||
Loan | 9 | Spicetree Apartments | 80,165 | Springing | 11,300 | ||||
Loan | 10 | Radisson Blu Aqua Hotel(2) | 706,259 | 176,565 | 28,815 | Springing | Springing | ||
Loan | 11 | 8900 Beverly | 95,799 | 31,933 | Springing | 3,450 | 2,000,000 | Springing | |
Loan | 12 | Gateway Net Lease Portfolio(2) | Springing | Springing | 10,720,000 | Springing | |||
Property | 12.01 | BAE Facility | |||||||
Property | 12.02 | FedEx Ground (Stratford) | |||||||
Property | 12.03 | FedEx (Baltimore) | |||||||
Property | 12.04 | Harman Becker | |||||||
Property | 12.05 | GE Aviation (Lafayette) | |||||||
Property | 12.06 | GoDaddy | |||||||
Property | 12.07 | Carrier | |||||||
Property | 12.08 | Emerus | |||||||
Property | 12.09 | Cardinal Health | |||||||
Property | 12.10 | Tyco Electronics | |||||||
Property | 12.11 | FCA/Caterpillar | |||||||
Property | 12.12 | FedEx Ground (Staunton) | |||||||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | |||||||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | |||||||
Property | 12.15 | T-Mobile Call Center | |||||||
Property | 12.16 | Sikorsky Aircraft R&D Facility | |||||||
Property | 12.17 | Vatterott College | |||||||
Property | 12.18 | Comcast | |||||||
Property | 12.19 | Alfa Laval Plant | |||||||
Property | 12.20 | LKQ (New Braunfels) | |||||||
Property | 12.21 | Hitachi | |||||||
Property | 12.22 | Cameron International | |||||||
Property | 12.23 | Alliance Data Systems Office | |||||||
Property | 12.24 | Synchrony Financial | |||||||
Property | 12.25 | Baxalta (Barry Pointe) | |||||||
Property | 12.26 | Baxalta (Casselberry) | |||||||
Property | 12.27 | Baxalta (Mounds View) | |||||||
Property | 12.28 | Baxalta (Grand Rapids) | |||||||
Property | 12.29 | Gerdau | |||||||
Property | 12.30 | Baxalta (Wausau) | |||||||
Property | 12.31 | Baxalta (Springfield) | |||||||
Property | 12.32 | LKQ (Salisbury) | |||||||
Property | 12.33 | Baxalta (Ankeny) | |||||||
Property | 12.34 | H&E Equipment Services (San Antonio) | |||||||
Property | 12.35 | H&E Equipment Services (New Orleans) | |||||||
Property | 12.36 | GE Aviation (Pompano) | |||||||
Property | 12.37 | Saint-Gobain Warehouse | |||||||
Property | 12.38 | H&E Equipment Services (Columbia) | |||||||
Property | 12.39 | H&E Equipment Services (Yukon) | |||||||
Property | 12.40 | LKQ (Toledo) | |||||||
Property | 12.41 | H&E Equipment Services (Greer) | |||||||
Loan | 13 | Lehigh Valley Mall(2) | Springing | Springing | 651,533 | Springing | |||
Loan | 14 | Rochester Hotel Portfolio(2) | 496,816 | 248,408 | 335,774 | 33,894 | 45,563 | 300,000 | 500,000 |
Property | 14.01 | Rochester Marriott | |||||||
Property | 14.02 | Kahler Grand | |||||||
Property | 14.03 | Kahler Inn & Suites | |||||||
Property | 14.04 | Residence Inn Rochester | |||||||
Loan | 15 | Oasis at Pavilion Park | 56,120 | Springing | |||||
Loan | 16 | 521-523 East 72nd Street(2)(32) | 380,472 | 190,236 | 9,647 | 4,823 | 1,231,285 | ||
Loan | 17 | 156-168 Bleecker | 50,062 | 22,867 | Springing | 835,991 | 786,234 | Springing | |
Loan | 18 | Marriott Charlotte City Center(2) | Springing | Springing | 10,000,000 | ||||
Loan | 19 | Miracle Mile Shopping Center(2) | 219,223 | 109,612 | 34,928 | 4,990 | 30,250 | Springing | |
Loan | 20 | Center Promenade(24) | 21,993 | 81,586 | 7,417 | 20,875 | 778,865 | Springing | |
Loan | 21 | The Arbors | 24,343 | 1,886 | 1,886 | 3,600 | 230,394 | Springing |
A-1-25
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||
Tax | Tax | Insurance | Insurance | Engineering | Other | Other | |||
Property Flag | ID | Property Name | Reserves ($)(25) | Reserves ($)(26) | Reserves($) | Reserves ($)(26) | Reserve($) | Reserves ($) | Reserves ($)(26)(27)(28) |
Loan | 22 | Towers at University Town Center(2) | 291,420 | 116,810 | Springing | 5,185,517 | |||
Loan | 23 | Olive Park Shopping Center | 19,216 | 9,608 | 26,488 | 2,408 | 3,619 | ||
Loan | 24 | Two Harbor Point Square(2)(31) | 80,167 | 80,167 | 4,333 | Springing | 163,858 | 1,482 | |
Loan | 25 | Valley Crossing | 33,677 | Springing | |||||
Loan | 26 | AHIP Northeast Portfolio I(2) | 404,271 | 45,000 | Springing | 34,800 | 4,519,224 | ||
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | |||||||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | |||||||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | |||||||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | |||||||
Property | 26.05 | Homewood Suites - Dover Rockaway | |||||||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | Springing | Springing | 12,268,991 | Springing | |||
Property | 27.01 | Larkspur Landing Sunnyvale | |||||||
Property | 27.02 | Larkspur Landing Milpitas | |||||||
Property | 27.03 | Larkspur Landing Campbell | |||||||
Property | 27.04 | Larkspur Landing San Francisco | |||||||
Property | 27.05 | Larkspur Landing Pleasanton | |||||||
Property | 27.06 | Larkspur Landing Bellevue | |||||||
Property | 27.07 | Larkspur Landing Sacramento | |||||||
Property | 27.08 | Hampton Inn Ann Arbor North | |||||||
Property | 27.09 | Larkspur Landing Hillsboro | |||||||
Property | 27.10 | Larkspur Landing Renton | |||||||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | |||||||
Property | 27.12 | Residence Inn Toledo Maumee | |||||||
Property | 27.13 | Residence Inn Williamsburg | |||||||
Property | 27.14 | Hampton Inn Suites Waco South | |||||||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | |||||||
Property | 27.16 | Courtyard Tyler | |||||||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | |||||||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | |||||||
Property | 27.19 | Residence Inn Grand Rapids West | |||||||
Property | 27.20 | Peoria, AZ Residence Inn | |||||||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | |||||||
Property | 27.22 | Courtyard Chico | |||||||
Property | 27.23 | Hampton Inn Suites Kokomo | |||||||
Property | 27.24 | Hampton Inn Suites South Bend | |||||||
Property | 27.25 | Courtyard Wichita Falls | |||||||
Property | 27.26 | Hampton Inn Morehead | |||||||
Property | 27.27 | Residence Inn Chico | |||||||
Property | 27.28 | Courtyard Lufkin | |||||||
Property | 27.29 | Hampton Inn Carlisle | |||||||
Property | 27.30 | Springhill Suites Williamsburg | |||||||
Property | 27.31 | Fairfield Inn Bloomington | |||||||
Property | 27.32 | Waco Residence Inn | |||||||
Property | 27.33 | Holiday Inn Express Fishers | |||||||
Property | 27.34 | Larkspur Landing Folsom | |||||||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | |||||||
Property | 27.36 | Holiday Inn Express & Suites Paris | |||||||
Property | 27.37 | Toledo Homewood Suites | |||||||
Property | 27.38 | Grand Rapids Homewood Suites | |||||||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | |||||||
Property | 27.40 | Fairfield Inn Laurel | |||||||
Property | 27.41 | Courtyard Akron Stow | |||||||
Property | 27.42 | Larkspur Landing Roseville | |||||||
Property | 27.43 | Towneplace Suites Bloomington | |||||||
Property | 27.44 | Hampton Inn Danville | |||||||
Property | 27.45 | Holiday Inn Norwich | |||||||
Property | 27.46 | Hampton Inn Suites Longview North | |||||||
Property | 27.47 | Springhill Suites Peoria Westlake | |||||||
Property | 27.48 | Hampton Inn Suites Buda | |||||||
Property | 27.49 | Shawnee Hampton Inn | |||||||
Property | 27.50 | Racine Fairfield Inn | |||||||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | |||||||
Property | 27.52 | Holiday Inn Express & Suites Terrell | |||||||
Property | 27.53 | Westchase Homewood Suites | |||||||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | |||||||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | |||||||
Property | 27.56 | Hampton Inn Sweetwater | |||||||
Property | 27.57 | Comfort Suites Buda Austin South | |||||||
Property | 27.58 | Fairfield Inn & Suites Weatherford | |||||||
Property | 27.59 | Holiday Inn Express & Suites Altus | |||||||
Property | 27.60 | Comfort Inn & Suites Paris | |||||||
Property | 27.61 | Hampton Inn Suites Decatur | |||||||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | |||||||
Property | 27.63 | Mankato Fairfield Inn | |||||||
Property | 27.64 | Candlewood Suites Texarkana | |||||||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East |
A-1-26
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||
Tax | Tax | Insurance | Insurance | Engineering | Other | Other | |||
Property Flag | ID | Property Name | Reserves ($)(25) | Reserves ($)(26) | Reserves($) | Reserves ($)(26) | Reserve($) | Reserves ($) | Reserves ($)(26)(27)(28) |
Loan | 28 | 4400 PGA Boulevard(24) | 174,125 | 16,552 | Springing | 1/12 of condominium assessments | |||
Loan | 29 | Honey Creek Marketplace | 15,725 | 7,863 | Springing | ||||
Loan | 30 | Metro Center V(24) | 280,015 | 35,002 | 5,627 | 2,814 | 275,753 | 442,078 | |
Loan | 31 | 1114-1126 Lake Street | 167,822 | 23,975 | Springing | 1,875 | 946,000 | ||
Loan | 32 | William Penn Building | 55,863 | 11,577 | 2,317 | Springing | 2,500 | 1,000,000 | Springing |
Loan | 33 | Tri State Neighborhood Center | 28,400 | 28,400 | Springing | 98,766 | 1,021,500 | Springing | |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | 11,908 | 5,954 | Springing | 85,000 | Springing | ||
Loan | 35 | Hampton Inn & Suites Shelby | 20,355 | 5,090 | 12,557 | 1,795 | Springing | ||
Loan | 36 | Goodale Office(24) | 25,256 | 8,419 | 944 | 944 | 30,120 | 110,451 | Springing |
Loan | 37 | Hampton Inn Glenwood Springs | 47,732 | 6,820 | 1,242 | 1,242 | 15,313 | 950,000 | Springing |
Loan | 38 | Pick ‘n Save Appleton WI | Springing | Springing | |||||
Loan | 39 | Fresenius Portfolio V | 20,250 | 6,750 | 1,779 | 356 | 13,969 | ||
Property | 39.01 | Fresenius Dayton | |||||||
Property | 39.02 | Fresenius Davenport | |||||||
Property | 39.03 | Fresenius Rock Island | |||||||
Property | 39.04 | Fresenius Muscatine | |||||||
Loan | 40 | Village Square | 112,000 | 14,000 | 17,088 | 4,598 | |||
Loan | 41 | Q-2 Self Storage | 4,614 | 4,614 | 17,554 | 1,463 | 56,708 | 18,903 | |
Loan | 42 | Best Western Plus - Chalmette | 4,862 | 4,862 | Springing | 60,600 | Springing | ||
Loan | 43 | Afton Village | 6,196 | 5,771 | 824 | 9,763 | Springing | ||
Loan | 44 | 21st Century Storage - Miami, FL | 24,055 | 8,018 | 28,439 | 2,370 | 11,625 | ||
Loan | 45 | Hillside Mobile Estates | 33,690 | 11,230 | 1,679 | 1,679 | |||
Loan | 46 | Callahan Plaza | 27,505 | 3,438 | 8,049 | 2,683 | 20,469 | Springing | |
Loan | 47 | CityLine PA Portfolio | 18,379 | 3,676 | 6,112 | 764 | 48,883 | ||
Property | 47.01 | Carlisle Self Storage | |||||||
Property | 47.02 | West Chocolate Self Storage | |||||||
Loan | 48 | CityLine BeCubed | 33,248 | 5,541 | 3,335 | 417 | |||
Loan | 49 | Marketplace on Grove | 30,500 | 5,083 | 1,863 | 233 | 3,125 |
A-1-27
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Other | Environmental | ||||||
Reserves | Report | Engineering | Loan | ||||
Property Flag | ID | Property Name | Description | Date(30) | Report Date | Purpose | Sponsor |
Loan | 1 | 90 Hudson(2) | Lord Abbett CAM Reserve (Upfront: 291,237.85); Tenant Trigger Reserve (Monthly: Springing); Partial Termination Reserve (Monthly: Springing) | 09/06/2017 | 09/06/2017 | Refinance | Spear Street Capital, LLC; PFA Pension |
Loan | 2 | Valencia Town Center | Free Rent Reserve (Upfront: 4,552,918); Ground Rent Reserve (Monthly: 223,125); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 08/23/2017 | 08/22/2017 | Refinance | Matthew L. Adler; Adler Kawa Real Estate Fund III, LLC |
Loan | 3 | The Woods(2) | 10/27/2017 | 10/30/2017 | Refinance | Arcadia Development Co. | |
Loan | 4 | Griffin Portfolio(2) | T-Mobile Work Reserve (3,653,980); Unfunded Obligations Reserve (2,003,531) | Various | 09/13/2017 | Recapitalization | Griffin Capital Essential Asset REIT Inc. |
Property | 4.01 | Restoration Hardware Distribution | 09/08/2017 | 09/13/2017 | |||
Property | 4.02 | State Farm Regional HQ | 9/13/2017; 9/14/2017 | 09/13/2017 | |||
Property | 4.03 | North Pointe I | 09/13/2017 | 09/13/2017 | |||
Property | 4.04 | Corporate Campus at Norterra | 09/12/2017 | 09/13/2017 | |||
Property | 4.05 | CHRISTUS Health HQ | 09/12/2017 | 09/13/2017 | |||
Property | 4.06 | Duke Bridges I | 09/12/2017 | 09/13/2017 | |||
Property | 4.07 | Wells Fargo Operations Center | 09/12/2017 | 09/13/2017 | |||
Property | 4.08 | Ace Hardware HQ | 09/13/2017 | 09/13/2017 | |||
Property | 4.09 | Royal Ridge V | 09/12/2017 | 09/13/2017 | |||
Property | 4.10 | Comcast Regional HQ | 09/13/2017 | 09/13/2017 | |||
Loan | 5 | Worldwide Plaza(2)(31)(32) | Cravath, Swaine & Moore LLP Reserve | 09/14/2017 | 09/14/2017 | Refinance | SLGOP and RXR Fund III |
Loan | 6 | Station Place III(2)(32) | Service Reserve (Upfront: 300,000); Outstanding TI/LC Reserve (Upfront: 115,972.94); SEC/Kaiser Permanente Rollover Reserve (Monthly: Springing) | 09/05/2017 | 09/01/2017 | Refinance | Seven Hundred 2nd Street Holdings Mezz LLC |
Loan | 7 | Atrium Center(2) | Outstanding TI Reserve (Upfront: 21,161,047); Free Rent Reserve (Upfront: 2,397,211.84); Life Time Fitness Reserve (Springing Monthly: Excess Cash Flow) | 12/11/2017 | 11/30/2017 | Recapitalization | The Bulfinch Companies, Inc.; National Real Estate Advisors; Harrison Street Real Estate Capital, LLC |
Loan | 8 | Sentinel Square II(2) | Free Rent Reserve (Upfront: 18,493,311.06); GSA Reserve (Upfront: 600,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 08/30/2017 | 08/30/2017 | Acquisition | Hana Alternative Asset Management Co., Ltd. |
Loan | 9 | Spicetree Apartments | 10/25/2017 | 10/20/2017 | Acquisition | Lightstone Enterprises Limited | |
Loan | 10 | Radisson Blu Aqua Hotel(2) | DSCR Cure Deposit Reserve (Springing Monthly: Excess Cash Flow) | 09/13/2017 | 09/13/2017 | Refinance | Seldar Cayman Finance Ltd. |
Loan | 11 | 8900 Beverly | Future Lease Reserve (Upfront: 2,000,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 10/20/2017 | 10/20/2017 | Refinance | Jerry Illoulian; Manouchehr Illoulian |
Loan | 12 | Gateway Net Lease Portfolio(2) | Earnout Reserve (Upfront: 10,720,000); Ground Lease Reserve (Monthly: Springing) | Various | Various | Acquisition | ETCL Venture LP |
Property | 12.01 | BAE Facility | 04/11/2017 | 02/22/2017 | |||
Property | 12.02 | FedEx Ground (Stratford) | 03/07/2017 | 02/24/2017 | |||
Property | 12.03 | FedEx (Baltimore) | 03/08/2017 | 04/07/2017 | |||
Property | 12.04 | Harman Becker | 04/11/2017 | 04/07/2017 | |||
Property | 12.05 | GE Aviation (Lafayette) | 04/11/2017 | 02/22/2017 | |||
Property | 12.06 | GoDaddy | 04/11/2017 | 04/07/2017 | |||
Property | 12.07 | Carrier | 04/21/2017 | 02/22/2017 | |||
Property | 12.08 | Emerus | 04/11/2017 | 03/31/2017 | |||
Property | 12.09 | Cardinal Health | 03/08/2017 | 04/07/2017 | |||
Property | 12.10 | Tyco Electronics | 04/11/2017 | 02/22/2017 | |||
Property | 12.11 | FCA/Caterpillar | 04/11/2017 | 04/07/2017 | |||
Property | 12.12 | FedEx Ground (Staunton) | 04/11/2017 | 04/21/2017 | |||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | 04/11/2017 | 04/07/2017 | |||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | 04/11/2017 | 04/07/2017 | |||
Property | 12.15 | T-Mobile Call Center | 04/11/2017 | 04/07/2017 | |||
Property | 12.16 | Sikorsky Aircraft R&D Facility | 04/11/2017 | 04/07/2017 | |||
Property | 12.17 | Vatterott College | 04/11/2017 | 04/07/2017 | |||
Property | 12.18 | Comcast | 04/11/2017 | 04/07/2017 | |||
Property | 12.19 | Alfa Laval Plant | 04/11/2017 | 04/07/2017 | |||
Property | 12.20 | LKQ (New Braunfels) | 04/11/2017 | 02/22/2017 | |||
Property | 12.21 | Hitachi | 04/11/2017 | 04/07/2017 | |||
Property | 12.22 | Cameron International | 03/08/2017 | 04/07/2017 | |||
Property | 12.23 | Alliance Data Systems Office | 03/08/2017 | 04/07/2017 | |||
Property | 12.24 | Synchrony Financial | 03/06/2017 | 04/07/2017 | |||
Property | 12.25 | Baxalta (Barry Pointe) | 04/11/2017 | NAP | |||
Property | 12.26 | Baxalta (Casselberry) | 04/11/2017 | NAP | |||
Property | 12.27 | Baxalta (Mounds View) | 04/11/2017 | 04/07/2017 | |||
Property | 12.28 | Baxalta (Grand Rapids) | 04/11/2017 | 04/07/2017 | |||
Property | 12.29 | Gerdau | 03/07/2017 | 04/07/2017 | |||
Property | 12.30 | Baxalta (Wausau) | 04/11/2017 | 04/07/2017 | |||
Property | 12.31 | Baxalta (Springfield) | 04/11/2017 | 04/07/2017 | |||
Property | 12.32 | LKQ (Salisbury) | 03/08/2017 | 04/07/2017 | |||
Property | 12.33 | Baxalta (Ankeny) | 04/21/2017 | 04/07/2017 | |||
Property | 12.34 | H&E Equipment Services (San Antonio) | 04/11/2017 | 04/07/2017 | |||
Property | 12.35 | H&E Equipment Services (New Orleans) | 03/07/2017 | 04/07/2017 | |||
Property | 12.36 | GE Aviation (Pompano) | 03/07/2017 | 04/07/2017 | |||
Property | 12.37 | Saint-Gobain Warehouse | 04/11/2017 | 04/07/2017 | |||
Property | 12.38 | H&E Equipment Services (Columbia) | 04/11/2017 | 04/07/2017 | |||
Property | 12.39 | H&E Equipment Services (Yukon) | 04/21/2017 | 04/07/2017 | |||
Property | 12.40 | LKQ (Toledo) | 03/08/2017 | 04/07/2017 | |||
Property | 12.41 | H&E Equipment Services (Greer) | 04/11/2017 | 04/07/2017 | |||
Loan | 13 | Lehigh Valley Mall(2) | Outstanding TI/LC Reserve (Upfront: 443,000); Tenant Rent Holdback Reserve (Upfront: 208,533); Release Parcel Reserve (Monthly: Springing) | 09/13/2017 | 09/12/2017 | Refinance | Simon Property Group, L.P.; Pennsylvania Real Estate Investment Trust |
Loan | 14 | Rochester Hotel Portfolio(2) | Seasonality Reserve (Upfront: 300,000; Monthly: Springing); Renovation Reserve (Monthly: 500,000); PIP Reserve (Springing Monthly: Excess Cash Flow) | 10/26/2017 | 10/26/2017 | Refinance | Javon R. Bea; Vita E. Bea |
Property | 14.01 | Rochester Marriott | 10/26/2017 | 10/26/2017 | |||
Property | 14.02 | Kahler Grand | 10/26/2017 | 10/26/2017 | |||
Property | 14.03 | Kahler Inn & Suites | 10/26/2017 | 10/26/2017 | |||
Property | 14.04 | Residence Inn Rochester | 10/26/2017 | 10/26/2017 | |||
Loan | 15 | Oasis at Pavilion Park | 11/27/2017 | 11/29/2017 | Acquisition | BH Equities, L.L.C. | |
Loan | 16 | 521-523 East 72nd Street(2)(32) | Outstanding TI/LC Reserve | 05/22/2017 | 05/22/2017 | Refinance | Sheldon H. Solow |
Loan | 17 | 156-168 Bleecker | Pieology Reserve (Upfront: 743,103); Special Insurance Charge Reserve (Upfront: 23,422); Common Charge Reserve (Upfront: 19,709.02); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 10/19/2017 | 10/19/2017 | Refinance | RWN Capital Holdings LLC; Joseph Matthew Cassin; David Taylor |
Loan | 18 | Marriott Charlotte City Center(2) | Performance Holdback Reserve | 05/22/2017 | 05/22/2017 | Acquisition | Carey Watermark Investors 2 Incorporated |
Loan | 19 | Miracle Mile Shopping Center(2) | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 08/16/2017 | 08/15/2017 | Acquisition | M & J Wilkow, Ltd. |
Loan | 20 | Center Promenade(24) | Unfunded Obligations Reserve (Upfront: 704,796); Free Rent Reserve (Upfront: 74,069); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 09/12/2017 | 09/11/2017 | Refinance | Benjamin Nazarian; Neil Kadisha |
Loan | 21 | The Arbors | Prepaid Rent Reserve (Upfront: 137,602.24); Approved Leasing Expense Reserve (Upfront: 81,291.67); Free Rent Reserve (Upfront: 11,500.12); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 09/19/2017 | 10/02/2017 | Acquisition | Ohad Gil; Niv Brightman; Eucalyptus Real Estate Fund LP; B&G RE Fund II LP |
A-1-28
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Other | Environmental | ||||||
Reserves | Report | Engineering | Loan | ||||
Property Flag | ID | Property Name | Description | Date(30) | Report Date | Purpose | Sponsor |
Loan | 22 | Towers at University Town Center(2) | Planned Capital Improvements Reserve (Upfront: 5,083,948); Prepaid Rent Reserve (Upfront: 101,568.51) | 10/19/2017 | 10/18/2017 | Acquisition | Harold Rosenblum |
Loan | 23 | Olive Park Shopping Center | Sprouts Signage Reserve | 08/25/2017 | 08/24/2017 | Refinance | Daniel L. Brown; Nicholas D. Brown |
Loan | 24 | Two Harbor Point Square(2)(31) | Unfunded Obligations Reserve (Upfront: 154,346.10); Declarations Assessment Reserve (Upfront: 6,547.55; Monthly: Springing); WPCA Assessment Reserve (Upfront: 2,964.46; Monthly: 1,482.23) | 10/11/2017 | 11/16/2017 | Refinance | Harbor Point Holding Company LLC |
Loan | 25 | Valley Crossing | 10/26/2017 | 10/27/2017 | Refinance | Josh Aruh | |
Loan | 26 | AHIP Northeast Portfolio I(2) | PIP Reserve (Upfront: 4,519,224) | Various | Various | Acquisition | American Hotel Income Properties REIT Inc. |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | 05/15/2017 | 05/15/2017 | |||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | 05/10/2017 | 05/10/2017 | |||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | 05/15/2017 | 05/15/2017 | |||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | 05/15/2017 | 05/11/2017 | |||
Property | 26.05 | Homewood Suites - Dover Rockaway | 05/16/2017 | 05/15/2017 | |||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | Larkspur Landing Capital Work Reserve (Upfront: 6,385,000); Capital Work Reserve (Upfront: 5,883,991; Future one-time deposit: Springing); Ground Rent Reserve (Monthly: Springing) | Various | Various | Refinance | SCG Hotel Investors Holdings, L.P. |
Property | 27.01 | Larkspur Landing Sunnyvale | 04/26/2017 | 04/28/2017 | |||
Property | 27.02 | Larkspur Landing Milpitas | 04/19/2017 | 04/28/2017 | |||
Property | 27.03 | Larkspur Landing Campbell | 04/19/2017 | 04/28/2017 | |||
Property | 27.04 | Larkspur Landing San Francisco | 04/26/2017 | 04/28/2017 | |||
Property | 27.05 | Larkspur Landing Pleasanton | 04/27/2017 | 04/28/2017 | |||
Property | 27.06 | Larkspur Landing Bellevue | 04/21/2017 | 04/28/2017 | |||
Property | 27.07 | Larkspur Landing Sacramento | 04/21/2017 | 04/28/2017 | |||
Property | 27.08 | Hampton Inn Ann Arbor North | 04/28/2017 | 04/28/2017 | |||
Property | 27.09 | Larkspur Landing Hillsboro | 04/19/2017 | 04/28/2017 | |||
Property | 27.10 | Larkspur Landing Renton | 04/26/2017 | 04/28/2017 | |||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | 04/04/2017 | 04/07/2017 | |||
Property | 27.12 | Residence Inn Toledo Maumee | 04/20/2017 | 04/28/2017 | |||
Property | 27.13 | Residence Inn Williamsburg | 04/28/2017 | 04/24/2017 | |||
Property | 27.14 | Hampton Inn Suites Waco South | 04/05/2017 | 04/07/2017 | |||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | 04/25/2017 | 04/28/2017 | |||
Property | 27.16 | Courtyard Tyler | 03/29/2017 | 04/07/2017 | |||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | 04/20/2017 | 04/28/2017 | |||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | 04/18/2017 | 04/28/2017 | |||
Property | 27.19 | Residence Inn Grand Rapids West | 04/19/2017 | 04/28/2017 | |||
Property | 27.20 | Peoria, AZ Residence Inn | 04/08/2017 | 04/07/2017 | |||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | 04/28/2017 | 04/28/2017 | |||
Property | 27.22 | Courtyard Chico | 04/21/2017 | 04/28/2017 | |||
Property | 27.23 | Hampton Inn Suites Kokomo | 04/17/2017 | 04/28/2017 | |||
Property | 27.24 | Hampton Inn Suites South Bend | 04/21/2017 | 04/28/2017 | |||
Property | 27.25 | Courtyard Wichita Falls | 04/02/2017 | 04/07/2017 | |||
Property | 27.26 | Hampton Inn Morehead | 04/19/2017 | 04/28/2017 | |||
Property | 27.27 | Residence Inn Chico | 04/19/2017 | 04/28/2017 | |||
Property | 27.28 | Courtyard Lufkin | 04/03/2017 | 04/07/2017 | |||
Property | 27.29 | Hampton Inn Carlisle | 04/25/2017 | 04/28/2017 | |||
Property | 27.30 | Springhill Suites Williamsburg | 04/21/2017 | 04/25/2017 | |||
Property | 27.31 | Fairfield Inn Bloomington | 04/20/2017 | 04/28/2017 | |||
Property | 27.32 | Waco Residence Inn | 04/11/2017 | 04/07/2017 | |||
Property | 27.33 | Holiday Inn Express Fishers | 04/26/2017 | 04/28/2017 | |||
Property | 27.34 | Larkspur Landing Folsom | 04/28/2017 | 04/28/2017 | |||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | 04/27/2017 | 04/28/2017 | |||
Property | 27.36 | Holiday Inn Express & Suites Paris | 04/07/2017 | 04/07/2017 | |||
Property | 27.37 | Toledo Homewood Suites | 04/03/2017 | 04/07/2017 | |||
Property | 27.38 | Grand Rapids Homewood Suites | 04/04/2017 | 04/07/2017 | |||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | 04/10/2017 | 04/07/2017 | |||
Property | 27.40 | Fairfield Inn Laurel | 04/19/2017 | 04/28/2017 | |||
Property | 27.41 | Courtyard Akron Stow | 04/15/2017 | 04/28/2017 | |||
Property | 27.42 | Larkspur Landing Roseville | 04/28/2017 | 04/25/2017 | |||
Property | 27.43 | Towneplace Suites Bloomington | 04/25/2017 | 04/28/2017 | |||
Property | 27.44 | Hampton Inn Danville | 04/20/2017 | 04/28/2017 | |||
Property | 27.45 | Holiday Inn Norwich | 04/21/2017 | 04/28/2017 | |||
Property | 27.46 | Hampton Inn Suites Longview North | 04/03/2017 | 04/07/2017 | |||
Property | 27.47 | Springhill Suites Peoria Westlake | 04/28/2017 | 04/28/2017 | |||
Property | 27.48 | Hampton Inn Suites Buda | 04/05/2017 | 04/07/2017 | |||
Property | 27.49 | Shawnee Hampton Inn | 04/10/2017 | 04/07/2017 | |||
Property | 27.50 | Racine Fairfield Inn | 03/31/2017 | 04/07/2017 | |||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | 04/21/2017 | 04/25/2017 | |||
Property | 27.52 | Holiday Inn Express & Suites Terrell | 04/07/2017 | 04/07/2017 | |||
Property | 27.53 | Westchase Homewood Suites | 04/10/2017 | 04/10/2017 | |||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | 04/04/2017 | 04/07/2017 | |||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | 04/07/2017 | 04/07/2017 | |||
Property | 27.56 | Hampton Inn Sweetwater | 04/07/2017 | 04/07/2017 | |||
Property | 27.57 | Comfort Suites Buda Austin South | 03/30/2017 | 04/07/2017 | |||
Property | 27.58 | Fairfield Inn & Suites Weatherford | 04/06/2017 | 04/07/2017 | |||
Property | 27.59 | Holiday Inn Express & Suites Altus | 04/05/2017 | 04/07/2017 | |||
Property | 27.60 | Comfort Inn & Suites Paris | 04/07/2017 | 04/07/2017 | |||
Property | 27.61 | Hampton Inn Suites Decatur | 04/05/2017 | 04/07/2017 | |||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | 04/03/2017 | 04/07/2017 | |||
Property | 27.63 | Mankato Fairfield Inn | 04/07/2017 | 04/07/2017 | |||
Property | 27.64 | Candlewood Suites Texarkana | 04/04/2017 | 04/07/2017 | |||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | 04/07/2017 | 04/07/2017 |
A-1-29
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Other | Environmental | ||||||
Reserves | Report | Engineering | Loan | ||||
Property Flag | ID | Property Name | Description | Date(30) | Report Date | Purpose | Sponsor |
Loan | 28 | 4400 PGA Boulevard(24) | Condominium Assessment Reserve (Monthly: 1/12 of condominium assessments); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 07/28/2017 | 07/28/2017 | Recapitalization | A. John Merola |
Loan | 29 | Honey Creek Marketplace | 10/31/2017 | 11/01/2017 | Refinance | Woody Mann, Jr. | |
Loan | 30 | Metro Center V(24) | Approved Leasing Expense Reserve (Upfront: 266,255.50); Metro Fitness Reserve (Upfront: 150,741.50); Free Rent Reserve (Upfront: 25,080.88) | 11/13/2017 | 10/11/2017 | Acquisition | Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah |
Loan | 31 | 1114-1126 Lake Street | Economic Holdback Reserve (Upfront: 830,000); Bruegger’s Space TILC Reserve (Upfront: 116,000) | 11/06/2017 | 11/07/2017 | Refinance | Antonio Vallado |
Loan | 32 | William Penn Building | Holdback Reserve (Upfront: 1,000,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 11/06/2017 | 10/06/2017 | Acquisition | Edward Kaen |
Loan | 33 | Tri State Neighborhood Center | Environmental Reserve (Upfront: 1,021,500; Future one-time deposit: Springing) | 10/27/2017 | 10/23/2017 | Refinance | JCSK Holdings, LLC |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | Seasonality Reserve (Upfront: 85,000; Monthly: Springing); PIP Reserve (Monthly: Springing) | 09/22/2017 | 09/22/2017 | Refinance | Bui Nguyen |
Loan | 35 | Hampton Inn & Suites Shelby | PIP Reserve (Monthly: Springing) | 09/25/2017 | 09/25/2017 | Refinance | Sandesh Patel |
Loan | 36 | Goodale Office(24) | Outstanding TI/LC Reserve (Upfront: 64,140); Free Rent Reserve (Upfront: 46,310.94); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 09/05/2017 | 09/01/2017 | Acquisition | Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah |
Loan | 37 | Hampton Inn Glenwood Springs | PIP Reserve (Upfront: 950,000; Monthly: Springing) | 10/18/2017 | 10/18/2017 | Acquisition | Anthony Jon Sherman |
Loan | 38 | Pick ‘n Save Appleton WI | 11/13/2017 | 11/10/2017 | Refinance | Martha A. Spencer | |
Loan | 39 | Fresenius Portfolio V | Various | Various | Acquisition | Louis J. Rogers | |
Property | 39.01 | Fresenius Dayton | 06/16/2017 | 06/16/2017 | |||
Property | 39.02 | Fresenius Davenport | 05/08/2017 | 05/08/2017 | |||
Property | 39.03 | Fresenius Rock Island | 05/08/2017 | 05/08/2017 | |||
Property | 39.04 | Fresenius Muscatine | 05/08/2017 | 05/08/2017 | |||
Loan | 40 | Village Square | 06/06/2017 | 06/06/2017 | Refinance | Robert Rishwain | |
Loan | 41 | Q-2 Self Storage | Ground Rent Reserve | 11/03/2017 | 11/02/2017 | Refinance | Mark Helm; Chris Dischinger; Mark Lechner |
Loan | 42 | Best Western Plus - Chalmette | PIP Reserve (Upfront: 60,600; Monthly: Springing) | 09/22/2017 | 09/22/2017 | Refinance | Bui Nguyen |
Loan | 43 | Afton Village | Common Charges Reserve (Upfront: 9,762.72; Monthly: Springing) | 10/05/2017 | 10/05/2017 | Refinance | David Mayfield |
Loan | 44 | 21st Century Storage - Miami, FL | 10/05/2017 | 10/06/2017 | Refinance | Clayton Gentry | |
Loan | 45 | Hillside Mobile Estates | 10/18/2017 | 10/18/2017 | Refinance | Gary Lee Larkins; James L. Brown; Peter Predics; Barbara Jean Stepanian | |
Loan | 46 | Callahan Plaza | Occupancy Reserve | 04/19/2017 | 04/19/2017 | Acquisition | Thomas J. Cannon III |
Loan | 47 | CityLine PA Portfolio | Various | 10/30/2017 | Acquisition | George Thacker; Lawrence Charles Kaplan; Andreas Calianos; Richard Schontz | |
Property | 47.01 | Carlisle Self Storage | 11/01/2017 | 10/30/2017 | |||
Property | 47.02 | West Chocolate Self Storage | 10/31/2017 | 10/30/2017 | |||
Loan | 48 | CityLine BeCubed | 11/15/2017 | 11/14/2017 | Acquisition | Alex Meshechok; Lawrence Charles Kaplan; Richard Schontz | |
Loan | 49 | Marketplace on Grove | 06/20/2017 | 06/06/2017 | Refinance | David Altemus |
A-1-30
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Property Flag | ID | Property Name | Guarantor | Previous Securitization |
Loan | 1 | 90 Hudson(2) | SSC V, L.P. | |
Loan | 2 | Valencia Town Center | Matthew L. Adler; Adler Kawa Real Estate Fund III, LLC | |
Loan | 3 | The Woods(2) | NAP | |
Loan | 4 | Griffin Portfolio(2) | Griffin Capital Essential Asset REIT Inc. | |
Property | 4.01 | Restoration Hardware Distribution | ||
Property | 4.02 | State Farm Regional HQ | ||
Property | 4.03 | North Pointe I | ||
Property | 4.04 | Corporate Campus at Norterra | ||
Property | 4.05 | CHRISTUS Health HQ | ||
Property | 4.06 | Duke Bridges I | ||
Property | 4.07 | Wells Fargo Operations Center | ||
Property | 4.08 | Ace Hardware HQ | ||
Property | 4.09 | Royal Ridge V | ||
Property | 4.10 | Comcast Regional HQ | ||
Loan | 5 | Worldwide Plaza(2)(31)(32) | SL Green Operating Partnership, L.P., RXR Real Estate Value Added Fund - Fund III LP, RXR RE VAF - Fund III Parallel A LP, RXR RE VAF - Fund III Parallel B LP, RXR RE VAF - Fund III Parallel B (REIT) LP, RXR RE VAF - Fund III Parallel C LP and RXR RE VAF - Fund III Parallel D LP | COMM 2013-WWP |
Loan | 6 | Station Place III(2)(32) | NAP | MSC 2011-C1 |
Loan | 7 | Atrium Center(2) | NAP | |
Loan | 8 | Sentinel Square II(2) | NAP | |
Loan | 9 | Spicetree Apartments | LSG Enterprises LLC | |
Loan | 10 | Radisson Blu Aqua Hotel(2) | Seldar Cayman Finance Ltd. | |
Loan | 11 | 8900 Beverly | Jerry Illoulian; Manouchehr Illoulian | |
Loan | 12 | Gateway Net Lease Portfolio(2) | NAP | |
Property | 12.01 | BAE Facility | ||
Property | 12.02 | FedEx Ground (Stratford) | ||
Property | 12.03 | FedEx (Baltimore) | ||
Property | 12.04 | Harman Becker | ||
Property | 12.05 | GE Aviation (Lafayette) | ||
Property | 12.06 | GoDaddy | ||
Property | 12.07 | Carrier | ||
Property | 12.08 | Emerus | ||
Property | 12.09 | Cardinal Health | ||
Property | 12.10 | Tyco Electronics | ||
Property | 12.11 | FCA/Caterpillar | ||
Property | 12.12 | FedEx Ground (Staunton) | ||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | ||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | ||
Property | 12.15 | T-Mobile Call Center | ||
Property | 12.16 | Sikorsky Aircraft R&D Facility | ||
Property | 12.17 | Vatterott College | ||
Property | 12.18 | Comcast | ||
Property | 12.19 | Alfa Laval Plant | ||
Property | 12.20 | LKQ (New Braunfels) | ||
Property | 12.21 | Hitachi | ||
Property | 12.22 | Cameron International | ||
Property | 12.23 | Alliance Data Systems Office | ||
Property | 12.24 | Synchrony Financial | ||
Property | 12.25 | Baxalta (Barry Pointe) | ||
Property | 12.26 | Baxalta (Casselberry) | ||
Property | 12.27 | Baxalta (Mounds View) | ||
Property | 12.28 | Baxalta (Grand Rapids) | ||
Property | 12.29 | Gerdau | ||
Property | 12.30 | Baxalta (Wausau) | ||
Property | 12.31 | Baxalta (Springfield) | ||
Property | 12.32 | LKQ (Salisbury) | ||
Property | 12.33 | Baxalta (Ankeny) | ||
Property | 12.34 | H&E Equipment Services (San Antonio) | ||
Property | 12.35 | H&E Equipment Services (New Orleans) | ||
Property | 12.36 | GE Aviation (Pompano) | ||
Property | 12.37 | Saint-Gobain Warehouse | ||
Property | 12.38 | H&E Equipment Services (Columbia) | ||
Property | 12.39 | H&E Equipment Services (Yukon) | ||
Property | 12.40 | LKQ (Toledo) | ||
Property | 12.41 | H&E Equipment Services (Greer) | ||
Loan | 13 | Lehigh Valley Mall(2) | Simon Property Group, L.P. | |
Loan | 14 | Rochester Hotel Portfolio(2) | Javon R. Bea; Vita E. Bea | |
Property | 14.01 | Rochester Marriott | COMM 2013-CR6 | |
Property | 14.02 | Kahler Grand | COMM 2013-CR6 | |
Property | 14.03 | Kahler Inn & Suites | COMM 2013-CR6 | |
Property | 14.04 | Residence Inn Rochester | COMM 2013-CR6 | |
Loan | 15 | Oasis at Pavilion Park | BH Equities, L.L.C. | |
Loan | 16 | 521-523 East 72nd Street(2)(32) | Sheldon H. Solow | |
Loan | 17 | 156-168 Bleecker | RWN Capital Holdings LLC; Joseph Matthew Cassin; David Taylor | |
Loan | 18 | Marriott Charlotte City Center(2) | Carey Watermark Investors 2 Incorporated | |
Loan | 19 | Miracle Mile Shopping Center(2) | M & J Wilkow, Ltd. | |
Loan | 20 | Center Promenade(24) | Benjamin Nazarian; Neil Kadisha | |
Loan | 21 | The Arbors | Ohad Gil; Niv Brightman; Eucalyptus Real Estate Fund LP; B&G RE Fund II LP |
A-1-31
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Property Flag | ID | Property Name | Guarantor | Previous Securitization |
Loan | 22 | Towers at University Town Center(2) | Harold Rosenblum | MLCFC 2007-8 |
Loan | 23 | Olive Park Shopping Center | Daniel L. Brown; Nicholas D. Brown | |
Loan | 24 | Two Harbor Point Square(2)(31) | Harbor Point Holding Company LLC | |
Loan | 25 | Valley Crossing | Josh Aruh | |
Loan | 26 | AHIP Northeast Portfolio I(2) | American Hotel Income Properties REIT Inc. | |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | ||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | ||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | ||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | ||
Property | 26.05 | Homewood Suites - Dover Rockaway | ||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | SCG Hotel Investors Holdings, L.P. | |
Property | 27.01 | Larkspur Landing Sunnyvale | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.02 | Larkspur Landing Milpitas | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.03 | Larkspur Landing Campbell | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.04 | Larkspur Landing San Francisco | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.05 | Larkspur Landing Pleasanton | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.06 | Larkspur Landing Bellevue | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.07 | Larkspur Landing Sacramento | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.08 | Hampton Inn Ann Arbor North | ||
Property | 27.09 | Larkspur Landing Hillsboro | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.10 | Larkspur Landing Renton | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | WFCM 2012-LC5 | |
Property | 27.12 | Residence Inn Toledo Maumee | ||
Property | 27.13 | Residence Inn Williamsburg | WFRBS 2013-C11 | |
Property | 27.14 | Hampton Inn Suites Waco South | WFCM 2012-LC5 | |
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | WFRBS 2012-C10 | |
Property | 27.16 | Courtyard Tyler | WFCM 2012-LC5 | |
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | WFRBS 2013-C11 | |
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | ||
Property | 27.19 | Residence Inn Grand Rapids West | ||
Property | 27.20 | Peoria, AZ Residence Inn | GSMS 2012-GCJ9 | |
Property | 27.21 | Hampton Inn Suites Bloomington Normal | ||
Property | 27.22 | Courtyard Chico | ||
Property | 27.23 | Hampton Inn Suites Kokomo | ||
Property | 27.24 | Hampton Inn Suites South Bend | ||
Property | 27.25 | Courtyard Wichita Falls | WFCM 2012-LC5 | |
Property | 27.26 | Hampton Inn Morehead | CSMC 2008-C1 | |
Property | 27.27 | Residence Inn Chico | ||
Property | 27.28 | Courtyard Lufkin | WFCM 2012-LC5 | |
Property | 27.29 | Hampton Inn Carlisle | WFRBS 2013-C11 | |
Property | 27.30 | Springhill Suites Williamsburg | WFRBS 2013-C11 | |
Property | 27.31 | Fairfield Inn Bloomington | ||
Property | 27.32 | Waco Residence Inn | GSMS 2012-GCJ9 | |
Property | 27.33 | Holiday Inn Express Fishers | WFRBS 2012-C10 | |
Property | 27.34 | Larkspur Landing Folsom | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | ||
Property | 27.36 | Holiday Inn Express & Suites Paris | WFCM 2012-LC5 | |
Property | 27.37 | Toledo Homewood Suites | GSMS 2012-GCJ9 | |
Property | 27.38 | Grand Rapids Homewood Suites | GSMS 2012-GCJ9 | |
Property | 27.39 | Cheyenne Fairfield Inn and Suites | GSMS 2012-GCJ9 | |
Property | 27.40 | Fairfield Inn Laurel | WFRBS 2013-C11 | |
Property | 27.41 | Courtyard Akron Stow | WFRBS 2012-C10 | |
Property | 27.42 | Larkspur Landing Roseville | COMM 2013-CR6; COMM 2013-CR7 | |
Property | 27.43 | Towneplace Suites Bloomington | ||
Property | 27.44 | Hampton Inn Danville | WFRBS 2013-C11 | |
Property | 27.45 | Holiday Inn Norwich | WFRBS 2013-C11 | |
Property | 27.46 | Hampton Inn Suites Longview North | WFCM 2012-LC5 | |
Property | 27.47 | Springhill Suites Peoria Westlake | ||
Property | 27.48 | Hampton Inn Suites Buda | WFCM 2012-LC5 | |
Property | 27.49 | Shawnee Hampton Inn | GSMS 2012-GCJ9 | |
Property | 27.50 | Racine Fairfield Inn | GSMS 2012-GCJ9 | |
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | WFRBS 2013-C11 | |
Property | 27.52 | Holiday Inn Express & Suites Terrell | WFCM 2012-LC5 | |
Property | 27.53 | Westchase Homewood Suites | GSMS 2012-GCJ9 | |
Property | 27.54 | Holiday Inn Express & Suites Tyler South | WFCM 2012-LC5 | |
Property | 27.55 | Holiday Inn Express & Suites Huntsville | WFCM 2012-LC5 | |
Property | 27.56 | Hampton Inn Sweetwater | WFCM 2012-LC5 | |
Property | 27.57 | Comfort Suites Buda Austin South | WFCM 2012-LC5 | |
Property | 27.58 | Fairfield Inn & Suites Weatherford | WFCM 2012-LC5 | |
Property | 27.59 | Holiday Inn Express & Suites Altus | WFCM 2012-LC5 | |
Property | 27.60 | Comfort Inn & Suites Paris | WFCM 2012-LC5 | |
Property | 27.61 | Hampton Inn Suites Decatur | WFCM 2012-LC5 | |
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | WFCM 2012-LC5 | |
Property | 27.63 | Mankato Fairfield Inn | GSMS 2012-GCJ9 | |
Property | 27.64 | Candlewood Suites Texarkana | WFCM 2012-LC5 | |
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | WFCM 2012-LC5 |
A-1-32
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Property Flag | ID | Property Name | Guarantor | Previous Securitization |
Loan | 28 | 4400 PGA Boulevard(24) | A. John Merola | |
Loan | 29 | Honey Creek Marketplace | Woody Mann, Jr. | |
Loan | 30 | Metro Center V(24) | Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah | |
Loan | 31 | 1114-1126 Lake Street | Antonio Vallado | |
Loan | 32 | William Penn Building | Edward Kaen | |
Loan | 33 | Tri State Neighborhood Center | JCSK Holdings, LLC | BSCMS 2007-PW18 |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | Bui Nguyen | |
Loan | 35 | Hampton Inn & Suites Shelby | Sandesh Patel | |
Loan | 36 | Goodale Office(24) | Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah | |
Loan | 37 | Hampton Inn Glenwood Springs | Anthony Jon Sherman | |
Loan | 38 | Pick ‘n Save Appleton WI | Martha A. Spencer | |
Loan | 39 | Fresenius Portfolio V | Louis J. Rogers | |
Property | 39.01 | Fresenius Dayton | ||
Property | 39.02 | Fresenius Davenport | ||
Property | 39.03 | Fresenius Rock Island | ||
Property | 39.04 | Fresenius Muscatine | ||
Loan | 40 | Village Square | Robert Rishwain | CGCMT 2008-C7 |
Loan | 41 | Q-2 Self Storage | Mark Helm; Chris Dischinger; Mark Lechner | |
Loan | 42 | Best Western Plus - Chalmette | Bui Nguyen | |
Loan | 43 | Afton Village | David Mayfield | JPMCC 2007-C1 |
Loan | 44 | 21st Century Storage - Miami, FL | Clayton Gentry | |
Loan | 45 | Hillside Mobile Estates | Gary Lee Larkins; James L. Brown; Peter Predics; Barbara Jean Stepanian | |
Loan | 46 | Callahan Plaza | Thomas J. Cannon III | |
Loan | 47 | CityLine PA Portfolio | George Thacker; Lawrence Charles Kaplan; Andreas Calianos; Richard Schontz | |
Property | 47.01 | Carlisle Self Storage | ||
Property | 47.02 | West Chocolate Self Storage | ||
Loan | 48 | CityLine BeCubed | Alex Meshechok; Lawrence Charles Kaplan; Richard Schontz | FDIC 2012-C1 |
Loan | 49 | Marketplace on Grove | David Altemus | BSCMS 2007-T28 |
A-1-33
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Existing | Future Debt | |||||||
Additional Sub Debt | Permitted | |||||||
Property Flag | ID | Property Name | 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 | 90 Hudson(2) | 60,000,000 | 60,000,000 | 60,000,000 | None | NAP | |
Loan | 2 | Valencia Town Center | NAP | NAP | NAP | None | NAP | |
Loan | 3 | The Woods(2) | 142,500,000 | 142,500,000 | 142,500,000 | None | NAP | |
Loan | 4 | Griffin Portfolio(2) | 320,000,000 | 320,000,000 | 320,000,000 | None | NAP | |
Property | 4.01 | Restoration Hardware Distribution | 66,560,000 | 66,560,000 | 66,560,000 | |||
Property | 4.02 | State Farm Regional HQ | 59,273,387 | 59,273,387 | 59,273,387 | |||
Property | 4.03 | North Pointe I | 33,834,667 | 33,834,667 | 33,834,667 | |||
Property | 4.04 | Corporate Campus at Norterra | 33,280,000 | 33,280,000 | 33,280,000 | |||
Property | 4.05 | CHRISTUS Health HQ | 30,889,387 | 30,889,387 | 30,889,387 | |||
Property | 4.06 | Duke Bridges I | 23,445,760 | 23,445,760 | 23,445,760 | |||
Property | 4.07 | Wells Fargo Operations Center | 23,018,667 | 23,018,667 | 23,018,667 | |||
Property | 4.08 | Ace Hardware HQ | 19,413,333 | 19,413,333 | 19,413,333 | |||
Property | 4.09 | Royal Ridge V | 18,248,533 | 18,248,533 | 18,248,533 | |||
Property | 4.10 | Comcast Regional HQ | 12,036,267 | 12,036,267 | 12,036,267 | |||
Loan | 5 | Worldwide Plaza(2)(31)(32) | 566,286,000 | 566,286,000 | 566,286,000 | 583,714,000 | $323,714,000 B-Notes; $260,000,000 Mezzanine Debt | Mezzanine; Debt-like Preferred Equity |
Loan | 6 | Station Place III(2)(32) | 140,000,000 | 140,000,000 | 140,000,000 | None | Mezzanine | |
Loan | 7 | Atrium Center(2) | 65,000,000 | 65,000,000 | 65,000,000 | None | NAP | |
Loan | 8 | Sentinel Square II(2) | 57,660,000 | 57,660,000 | 57,660,000 | None | NAP | |
Loan | 9 | Spicetree Apartments | NAP | NAP | NAP | None | NAP | |
Loan | 10 | Radisson Blu Aqua Hotel(2) | 20,000,000 | 20,000,000 | 20,000,000 | None | NAP | |
Loan | 11 | 8900 Beverly | NAP | NAP | NAP | None | NAP | |
Loan | 12 | Gateway Net Lease Portfolio(2) | 310,900,000 | 310,900,000 | 310,900,000 | 170,000,000 | B-Note | NAP |
Property | 12.01 | BAE Facility | 25,894,463 | 25,894,463 | 25,894,463 | |||
Property | 12.02 | FedEx Ground (Stratford) | 24,943,335 | 24,943,335 | 24,943,335 | |||
Property | 12.03 | FedEx (Baltimore) | 22,963,799 | 22,963,799 | 22,963,799 | |||
Property | 12.04 | Harman Becker | 18,291,382 | 18,291,382 | 18,291,382 | |||
Property | 12.05 | GE Aviation (Lafayette) | 17,423,478 | 17,423,478 | 17,423,478 | |||
Property | 12.06 | GoDaddy | 15,443,943 | 15,443,943 | 15,443,943 | |||
Property | 12.07 | Carrier | 15,241,828 | 15,241,828 | 15,241,828 | |||
Property | 12.08 | Emerus | 12,394,388 | 12,394,388 | 12,394,388 | |||
Property | 12.09 | Cardinal Health | 12,055,549 | 12,055,549 | 12,055,549 | |||
Property | 12.10 | Tyco Electronics | 11,936,658 | 11,936,658 | 11,936,658 | |||
Property | 12.11 | FCA/Caterpillar | 11,247,090 | 11,247,090 | 11,247,090 | |||
Property | 12.12 | FedEx Ground (Staunton) | 9,463,725 | 9,463,725 | 9,463,725 | |||
Property | 12.13 | Quad Packaging (Proteus) - Franklin Business Park | 7,918,141 | 7,918,141 | 7,918,141 | |||
Property | 12.14 | Quad Packaging (Transpak) - Franklin Business Park | 7,840,862 | 7,840,862 | 7,840,862 | |||
Property | 12.15 | T-Mobile Call Center | 7,317,742 | 7,317,742 | 7,317,742 | |||
Property | 12.16 | Sikorsky Aircraft R&D Facility | 7,085,904 | 7,085,904 | 7,085,904 | |||
Property | 12.17 | Vatterott College | 6,574,673 | 6,574,673 | 6,574,673 | |||
Property | 12.18 | Comcast | 5,896,994 | 5,896,994 | 5,896,994 | |||
Property | 12.19 | Alfa Laval Plant | 5,379,818 | 5,379,818 | 5,379,818 | |||
Property | 12.20 | LKQ (New Braunfels) | 5,308,484 | 5,308,484 | 5,308,484 | |||
Property | 12.21 | Hitachi | 5,070,702 | 5,070,702 | 5,070,702 | |||
Property | 12.22 | Cameron International | 4,821,031 | 4,821,031 | 4,821,031 | |||
Property | 12.23 | Alliance Data Systems Office | 4,571,359 | 4,571,359 | 4,571,359 | |||
Property | 12.24 | Synchrony Financial | 4,256,298 | 4,256,298 | 4,256,298 | |||
Property | 12.25 | Baxalta (Barry Pointe) | 3,263,558 | 3,263,558 | 3,263,558 | |||
Property | 12.26 | Baxalta (Casselberry) | 3,109,000 | 3,109,000 | 3,109,000 | |||
Property | 12.27 | Baxalta (Mounds View) | 2,936,608 | 2,936,608 | 2,936,608 | |||
Property | 12.28 | Baxalta (Grand Rapids) | 2,930,663 | 2,930,663 | 2,930,663 | |||
Property | 12.29 | Gerdau | 2,930,663 | 2,930,663 | 2,930,663 | |||
Property | 12.30 | Baxalta (Wausau) | 2,853,384 | 2,853,384 | 2,853,384 | |||
Property | 12.31 | Baxalta (Springfield) | 2,770,161 | 2,770,161 | 2,770,161 | |||
Property | 12.32 | LKQ (Salisbury) | 2,770,161 | 2,770,161 | 2,770,161 | |||
Property | 12.33 | Baxalta (Ankeny) | 2,615,602 | 2,615,602 | 2,615,602 | |||
Property | 12.34 | H&E Equipment Services (San Antonio) | 2,294,597 | 2,294,597 | 2,294,597 | |||
Property | 12.35 | H&E Equipment Services (New Orleans) | 2,157,872 | 2,157,872 | 2,157,872 | |||
Property | 12.36 | GE Aviation (Pompano) | 2,021,147 | 2,021,147 | 2,021,147 | |||
Property | 12.37 | Saint-Gobain Warehouse | 1,819,033 | 1,819,033 | 1,819,033 | |||
Property | 12.38 | H&E Equipment Services (Columbia) | 1,801,199 | 1,801,199 | 1,801,199 | |||
Property | 12.39 | H&E Equipment Services (Yukon) | 1,777,421 | 1,777,421 | 1,777,421 | |||
Property | 12.40 | LKQ (Toledo) | 1,771,476 | 1,771,476 | 1,771,476 | |||
Property | 12.41 | H&E Equipment Services (Greer) | 1,735,809 | 1,735,809 | 1,735,809 | |||
Loan | 13 | Lehigh Valley Mall(2) | 158,000,000 | 157,566,242 | 125,747,027 | None | NAP | |
Loan | 14 | Rochester Hotel Portfolio(2) | 100,000,000 | 100,000,000 | 83,170,313 | None | NAP | |
Property | 14.01 | Rochester Marriott | 38,035,714 | 38,035,714 | 31,634,423 | |||
Property | 14.02 | Kahler Grand | 36,071,429 | 36,071,429 | 30,000,720 | |||
Property | 14.03 | Kahler Inn & Suites | 15,178,571 | 15,178,571 | 12,624,065 | |||
Property | 14.04 | Residence Inn Rochester | 10,714,286 | 10,714,286 | 8,911,105 | |||
Loan | 15 | Oasis at Pavilion Park | NAP | NAP | NAP | None | NAP | |
Loan | 16 | 521-523 East 72nd Street(2)(32) | 50,000,000 | 50,000,000 | 50,000,000 | None | Mezzanine | |
Loan | 17 | 156-168 Bleecker | NAP | NAP | NAP | None | NAP | |
Loan | 18 | Marriott Charlotte City Center(2) | 73,000,000 | 73,000,000 | 73,000,000 | None | NAP | |
Loan | 19 | Miracle Mile Shopping Center(2) | 28,000,000 | 28,000,000 | 25,555,903 | None | NAP | |
Loan | 20 | Center Promenade(24) | NAP | NAP | NAP | None | NAP | |
Loan | 21 | The Arbors | NAP | NAP | NAP | None | NAP |
A-1-34
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Existing | Future Debt | |||||||
Additional Sub Debt | Permitted | |||||||
Property Flag | ID | Property Name | 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 | 22 | Towers at University Town Center(2) | 26,000,000 | 26,000,000 | 22,897,774 | None | NAP | |
Loan | 23 | Olive Park Shopping Center | NAP | NAP | NAP | None | NAP | |
Loan | 24 | Two Harbor Point Square(2)(31) | 34,750,000 | 34,750,000 | 31,652,159 | 11,500,000 | Mezzanine Debt | NAP |
Loan | 25 | Valley Crossing | NAP | NAP | NAP | None | NAP | |
Loan | 26 | AHIP Northeast Portfolio I(2) | 55,000,000 | 55,000,000 | 50,355,462 | None | NAP | |
Property | 26.01 | Hilton Garden Inn - Baltimore White Marsh | 15,745,967 | 15,745,967 | 14,416,281 | |||
Property | 26.02 | Homewood Suites - Allentown West Fogelsville | 10,645,161 | 10,645,161 | 9,746,219 | |||
Property | 26.03 | Courtyard by Marriott - Wall at Monmouth Shores | 10,423,387 | 10,423,387 | 9,543,173 | |||
Property | 26.04 | SpringHill Suites - Arundel Mills BWI Airport | 10,201,613 | 10,201,613 | 9,340,126 | |||
Property | 26.05 | Homewood Suites - Dover Rockaway | 7,983,871 | 7,983,871 | 7,309,664 | |||
Loan | 27 | Starwood Capital Group Hotel Portfolio(2)(32) | 562,952,500 | 562,952,500 | 562,952,500 | None | Mezzanine | |
Property | 27.01 | Larkspur Landing Sunnyvale | 33,223,104 | 33,223,104 | 33,223,104 | |||
Property | 27.02 | Larkspur Landing Milpitas | 27,994,132 | 27,994,132 | 27,994,132 | |||
Property | 27.03 | Larkspur Landing Campbell | 24,614,430 | 24,614,430 | 24,614,430 | |||
Property | 27.04 | Larkspur Landing San Francisco | 20,278,210 | 20,278,210 | 20,278,210 | |||
Property | 27.05 | Larkspur Landing Pleasanton | 19,831,833 | 19,831,833 | 19,831,833 | |||
Property | 27.06 | Larkspur Landing Bellevue | 17,663,724 | 17,663,724 | 17,663,724 | |||
Property | 27.07 | Larkspur Landing Sacramento | 13,199,967 | 13,199,967 | 13,199,967 | |||
Property | 27.08 | Hampton Inn Ann Arbor North | 12,881,127 | 12,881,127 | 12,881,127 | |||
Property | 27.09 | Larkspur Landing Hillsboro | 12,881,127 | 12,881,127 | 12,881,127 | |||
Property | 27.10 | Larkspur Landing Renton | 12,753,591 | 12,753,591 | 12,753,591 | |||
Property | 27.11 | Holiday Inn Arlington Northeast Rangers Ballpark | 12,243,447 | 12,243,447 | 12,243,447 | |||
Property | 27.12 | Residence Inn Toledo Maumee | 12,115,912 | 12,115,912 | 12,115,912 | |||
Property | 27.13 | Residence Inn Williamsburg | 11,605,768 | 11,605,768 | 11,605,768 | |||
Property | 27.14 | Hampton Inn Suites Waco South | 10,713,016 | 10,713,016 | 10,713,016 | |||
Property | 27.15 | Holiday Inn Louisville Airport Fair Expo | 10,521,713 | 10,521,713 | 10,521,713 | |||
Property | 27.16 | Courtyard Tyler | 10,330,409 | 10,330,409 | 10,330,409 | |||
Property | 27.17 | Hilton Garden Inn Edison Raritan Center | 10,330,409 | 10,330,409 | 10,330,409 | |||
Property | 27.18 | Hilton Garden Inn St Paul Oakdale | 10,202,873 | 10,202,873 | 10,202,873 | |||
Property | 27.19 | Residence Inn Grand Rapids West | 10,075,337 | 10,075,337 | 10,075,337 | |||
Property | 27.20 | Peoria, AZ Residence Inn | 10,011,569 | 10,011,569 | 10,011,569 | |||
Property | 27.21 | Hampton Inn Suites Bloomington Normal | 9,947,801 | 9,947,801 | 9,947,801 | |||
Property | 27.22 | Courtyard Chico | 9,756,497 | 9,756,497 | 9,756,497 | |||
Property | 27.23 | Hampton Inn Suites Kokomo | 9,437,657 | 9,437,657 | 9,437,657 | |||
Property | 27.24 | Hampton Inn Suites South Bend | 9,437,657 | 9,437,657 | 9,437,657 | |||
Property | 27.25 | Courtyard Wichita Falls | 8,991,282 | 8,991,282 | 8,991,282 | |||
Property | 27.26 | Hampton Inn Morehead | 8,736,210 | 8,736,210 | 8,736,210 | |||
Property | 27.27 | Residence Inn Chico | 8,481,138 | 8,481,138 | 8,481,138 | |||
Property | 27.28 | Courtyard Lufkin | 8,098,530 | 8,098,530 | 8,098,530 | |||
Property | 27.29 | Hampton Inn Carlisle | 8,034,762 | 8,034,762 | 8,034,762 | |||
Property | 27.30 | Springhill Suites Williamsburg | 8,034,762 | 8,034,762 | 8,034,762 | |||
Property | 27.31 | Fairfield Inn Bloomington | 7,970,995 | 7,970,995 | 7,970,995 | |||
Property | 27.32 | Waco Residence Inn | 7,779,690 | 7,779,690 | 7,779,690 | |||
Property | 27.33 | Holiday Inn Express Fishers | 7,269,547 | 7,269,547 | 7,269,547 | |||
Property | 27.34 | Larkspur Landing Folsom | 7,078,243 | 7,078,243 | 7,078,243 | |||
Property | 27.35 | Springhill Suites Chicago Naperville Warrenville | 6,695,635 | 6,695,635 | 6,695,635 | |||
Property | 27.36 | Holiday Inn Express & Suites Paris | 6,631,868 | 6,631,868 | 6,631,868 | |||
Property | 27.37 | Toledo Homewood Suites | 6,631,868 | 6,631,868 | 6,631,868 | |||
Property | 27.38 | Grand Rapids Homewood Suites | 6,440,563 | 6,440,563 | 6,440,563 | |||
Property | 27.39 | Cheyenne Fairfield Inn and Suites | 5,994,188 | 5,994,188 | 5,994,188 | |||
Property | 27.40 | Fairfield Inn Laurel | 5,994,188 | 5,994,188 | 5,994,188 | |||
Property | 27.41 | Courtyard Akron Stow | 5,866,652 | 5,866,652 | 5,866,652 | |||
Property | 27.42 | Larkspur Landing Roseville | 5,547,812 | 5,547,812 | 5,547,812 | |||
Property | 27.43 | Towneplace Suites Bloomington | 5,547,812 | 5,547,812 | 5,547,812 | |||
Property | 27.44 | Hampton Inn Danville | 5,484,044 | 5,484,044 | 5,484,044 | |||
Property | 27.45 | Holiday Inn Norwich | 5,420,276 | 5,420,276 | 5,420,276 | |||
Property | 27.46 | Hampton Inn Suites Longview North | 5,356,509 | 5,356,509 | 5,356,509 | |||
Property | 27.47 | Springhill Suites Peoria Westlake | 5,356,509 | 5,356,509 | 5,356,509 | |||
Property | 27.48 | Hampton Inn Suites Buda | 5,292,740 | 5,292,740 | 5,292,740 | |||
Property | 27.49 | Shawnee Hampton Inn | 5,292,740 | 5,292,740 | 5,292,740 | |||
Property | 27.50 | Racine Fairfield Inn | 5,165,204 | 5,165,204 | 5,165,204 | |||
Property | 27.51 | Hampton Inn Selinsgrove Shamokin Dam | 5,037,669 | 5,037,669 | 5,037,669 | |||
Property | 27.52 | Holiday Inn Express & Suites Terrell | 4,782,597 | 4,782,597 | 4,782,597 | |||
Property | 27.53 | Westchase Homewood Suites | 4,629,044 | 4,629,044 | 4,629,044 | |||
Property | 27.54 | Holiday Inn Express & Suites Tyler South | 4,591,292 | 4,591,292 | 4,591,292 | |||
Property | 27.55 | Holiday Inn Express & Suites Huntsville | 4,399,989 | 4,399,989 | 4,399,989 | |||
Property | 27.56 | Hampton Inn Sweetwater | 4,017,381 | 4,017,381 | 4,017,381 | |||
Property | 27.57 | Comfort Suites Buda Austin South | 3,379,701 | 3,379,701 | 3,379,701 | |||
Property | 27.58 | Fairfield Inn & Suites Weatherford | 3,188,398 | 3,188,398 | 3,188,398 | |||
Property | 27.59 | Holiday Inn Express & Suites Altus | 2,583,643 | 2,583,643 | 2,583,643 | |||
Property | 27.60 | Comfort Inn & Suites Paris | 2,295,646 | 2,295,646 | 2,295,646 | |||
Property | 27.61 | Hampton Inn Suites Decatur | 2,196,776 | 2,196,776 | 2,196,776 | |||
Property | 27.62 | Holiday Inn Express & Suites Texarkana East | 2,034,298 | 2,034,298 | 2,034,298 | |||
Property | 27.63 | Mankato Fairfield Inn | 1,822,990 | 1,822,990 | 1,822,990 | |||
Property | 27.64 | Candlewood Suites Texarkana | 1,409,455 | 1,409,455 | 1,409,455 | |||
Property | 27.65 | Country Inn & Suites Houston Intercontinental Airport East | 1,338,549 | 1,338,549 | 1,338,549 |
A-1-35
Benchmark 2018-B1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Existing | Future Debt | |||||||
Additional Sub Debt | Permitted | |||||||
Property Flag | ID | Property Name | 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 | 28 | 4400 PGA Boulevard(24) | NAP | NAP | NAP | None | NAP | |
Loan | 29 | Honey Creek Marketplace | NAP | NAP | NAP | None | Unsecured Subordinate Debt | |
Loan | 30 | Metro Center V(24) | NAP | NAP | NAP | None | NAP | |
Loan | 31 | 1114-1126 Lake Street | NAP | NAP | NAP | None | NAP | |
Loan | 32 | William Penn Building | NAP | NAP | NAP | None | NAP | |
Loan | 33 | Tri State Neighborhood Center | NAP | NAP | NAP | None | NAP | |
Loan | 34 | Fairfield Inn & Suites - Panama City Beach | NAP | NAP | NAP | None | NAP | |
Loan | 35 | Hampton Inn & Suites Shelby | NAP | NAP | NAP | None | NAP | |
Loan | 36 | Goodale Office(24) | NAP | NAP | NAP | None | NAP | |
Loan | 37 | Hampton Inn Glenwood Springs | NAP | NAP | NAP | None | NAP | |
Loan | 38 | Pick ‘n Save Appleton WI | NAP | NAP | NAP | None | NAP | |
Loan | 39 | Fresenius Portfolio V | NAP | NAP | NAP | None | NAP | |
Property | 39.01 | Fresenius Dayton | ||||||
Property | 39.02 | Fresenius Davenport | ||||||
Property | 39.03 | Fresenius Rock Island | ||||||
Property | 39.04 | Fresenius Muscatine | ||||||
Loan | 40 | Village Square | NAP | NAP | NAP | None | NAP | |
Loan | 41 | Q-2 Self Storage | NAP | NAP | NAP | None | NAP | |
Loan | 42 | Best Western Plus - Chalmette | NAP | NAP | NAP | None | NAP | |
Loan | 43 | Afton Village | NAP | NAP | NAP | None | NAP | |
Loan | 44 | 21st Century Storage - Miami, FL | NAP | NAP | NAP | None | NAP | |
Loan | 45 | Hillside Mobile Estates | NAP | NAP | NAP | None | NAP | |
Loan | 46 | Callahan Plaza | NAP | NAP | NAP | None | NAP | |
Loan | 47 | CityLine PA Portfolio | NAP | NAP | NAP | None | NAP | |
Property | 47.01 | Carlisle Self Storage | ||||||
Property | 47.02 | West Chocolate Self Storage | ||||||
Loan | 48 | CityLine BeCubed | NAP | NAP | NAP | None | NAP | |
Loan | 49 | Marketplace on Grove | NAP | NAP | NAP | None | NAP |
A-1-36
Benchmark 2018-B1 | |
FOOTNOTES TO ANNEX A-1 | |
(1) | GACC—German American Capital Corporation or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates, CREFI— Citi Real Estate Funding Inc. or one of its affiliates. |
(2) | With respect to the pari passu loans referenced below, 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/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the relatedpari passu companion loans in the aggregate and exclude any subordinate or mezzanine debt. For additional information see“Description of the Mortgage Pool – The Whole Loans – General – Whole Loan Control Notes and Non-Control Notes” in this preliminary prospectus. |
● Loan No. 1 – 90 Hudson | |
● Loan No. 3 – The Woods | |
● Loan No. 4 – Griffin Portfolio | |
● Loan No. 5 – Worldwide Plaza | |
● Loan No. 6 – Station Place III | |
● Loan No. 7 – Atrium Center | |
● Loan No. 8 – Sentinel Square II | |
● Loan No. 10 – Radisson Blu Aqua Hotel | |
● Loan No. 12 – Gateway Net Lease Portfolio | |
● Loan No. 13 – Lehigh Valley Mall | |
● Loan No. 14 – Rochester Hotel Portfolio | |
● Loan No. 16 – 521-523 East 72nd Street | |
● Loan No. 18 – Marriott Charlotte City Center | |
● Loan No. 19 – Miracle Mile Shopping Center | |
● Loan No. 22 – Towers at University Town Center | |
● Loan No. 24 – Two Harbor Point Square | |
● Loan No. 26 – AHIP Northeast Portfolio I | |
● Loan No. 27 – Starwood Capital Group Hotel Portfolio | |
(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) | Office | Retail | Multifamily | |||||||||
Loan No. | Mortgage Loan | NRA (sq. ft.) | NRA | Occ. | % of UW Rent | NRA (sq. ft. ) | Occ. | % of UW Rent | Units | Occ. | % of UW Rent | |
16 | 521-523 East 72nd Street | 99,316 | 90,609 | 100.0% | 98.2% | 500 | 100.0% | 0.7% | 10 | 80.0% | 1.1% | |
17 | 156-168 Bleecker | 29,415 | 28,626 | 100.0% | 98.3% | 1 | 100.0% | 1.7% | ||||
32 | William Penn Building | 27,200 | 10,600 | 100.0% | 48.7% | 20 | 100.0% | 51.3% |
(5) | Loan No. 24 – Two Harbor Point Square – The related Mortgaged Property is subject to a recorded Environmental Land Use Restriction which prohibits disturbance of the engineered controls and demolition or construction on parts of the Mortgaged Property without first obtaining a release from the Connecticut Department of Energy & Environmental Protection. |
A-1-37
Loan No. 26 – AHIP Northeast Portfolio I – The Homewood Suites Dover Rockaway Mortgaged Property is subject to an environmental deed restriction permitting only non-residential uses of such Mortgaged Property. | |
Loan No. 29 – Honey Creek Marketplace – The Mortgaged Property is subject to a recorded declaration which restricts the Mortgaged Property from being used for residential purposes for a period of 20 years. | |
Loan No. 31 – 1114-1126 Lake Street – The Mortgaged Property is subject to a redevelopment agreement that runs through 2024 and requires the Village of Oak Park’s approval for all commercial tenants at the Mortgaged Property; provided that, if the Village of Oak Park doesn’t deny a tenant within 15 business days, such tenant is deemed approved. | |
Loan No. 32 – William Penn Building – The Mortgaged Property is located in San Diego’s Historic Gas Lamp Quarter and is designated as historical on the San Diego Register and the National Register of Historic Places. Substantial alteration of properties with such designation generally requires a historical site development permit to be approved by the Planning Commission, with a recommendation from the Historical Resources Board. Alterations are reviewed for consistency with the U.S. Secretary of the Interior’s standards. | |
(6) | The Administrative Cost 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. See “Summary of Terms – Offered Certificates – Servicing and Administration Fees – Non-Serviced Whole Loans” in this preliminary prospectus. |
(7) | 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. |
(8) | “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. |
A-1-38
Loan No. 5 – Worldwide Plaza – The office tower portion of the collateral securing the Worldwide Plaza Mortgage Loan is structured with a hard lockbox and springing cash management. The amenities borrower, the pledger of the collateral related to the amenity parcel, has caused the amenities lender to establish a springing lockbox account to which the owner of the amenity parcel deposits cash revenue related to the amenity parcel. During the continuance of a trigger period, the amenities borrower is required to cause the amenities lender not to make any remittances from the amenities lockbox account except generally to pay expenses of the Worldwide Plaza Mortgaged Property, to the lockbox account or cash management account or certain other specified payments not to exceed $300,000 a year. | |
Loan No. 10 – Radisson Blu Aqua Hotel – The Mortgage Loan documents do not require a lockbox. The Mortgage Loan documents require the property manager to deposit monthly remittances to the borrower pursuant to the management agreement following payment of all actual operating expenses, manager fees and other amounts payable to the manager directly into the in-place cash management account that was required to be established at origination. In connection therewith, the lender, the borrower and the manager have executed an SNDA that provides that the terms of the management agreement are subordinate to the lien of the loan documents and that the manager is required to deposit payments due to the borrower in the cash management account. | |
(9) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents). |
(10) | With respect to the loans referenced below structured with A/B Notes, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Beds/Pads) ($) calculations exclude the subordinate secured debt. |
● Loan No. 5 – Worldwide Plaza | |
● Loan No. 12 – Gateway Net Lease Portfolio | |
(11) | Loan No. 2 – Valencia Town Center – The Second Most Recent Operating Statement Date represents the trailing eight-month annualized cash flow. The borrower sponsor acquired the Mortgaged Property in April 2016, as such, historical cash flow information was not available for the remainder of 2016. |
(12) | Loan No. 9 – Spicetree Apartments – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the post-renovation rent increases that averaged approximately $300 per unit per month when comparing 2015 rent rolls and the current rent roll. Collections also declined in 2016 due to units taken off line for renovations. |
Loan No. 11 – 8900 Beverly – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by (i) the increase of base rent, which accounts for $217,775 of the increase, (ii) the burn off of parking rent abatement for the Largest Tenant – Cedar Sinai Medical, which accounts for $161,101 of the increase, (iii) the underwritten rent steps through July 2018 for non credit tenants, which accounts for $99,172 of the increase, (iv) new Verizon antenna lease which accounts for $59,400 of the increase and (v) straight line average credit tenant rent steps for Cedar Sinai Medical, which accounts for $37,984 of the increase. | |
Loan No. 15 – Oasis at Pavilion Park – The Underwritten NOI is over 10% higher than Most Recent NOI ($). Oasis at Pavilion Park is newly built in 2016, and began lease up in July 2016. The Underwritten NOI is based on the December 10, 2017 rent roll at which point Oasis at Pavilion Park Mortgaged Property was leased up to 92.0% occupancy. The increase also reflects a reduction in concessions offered at the Mortgaged Property. |
A-1-39
Loan No. 16 – 521-523 East 72nd Street – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by (i) the new lease with HSS Properties Corporation for 3,413 sq. ft., totaling $355,635 in annual rent, which commenced on January 30, 2017 and (ii) the inclusion of rent steps for commercial tenants through June 2018, totaling $208,895. | |
Loan No. 17 – 156-168 Bleecker – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the three new retail leases that were executed between June and October in 2017, accounting for 17,789 sq. ft. (60.5% of NRA) with an aggregate annual rent of $1,241,000 (37.0% of UW Gross Potential Income). In addition, the inclusion of underwritten straight lined rent for CVS accounts for $86,667 (2.6% of UW Gross Potential Income). | |
Loan No. 20 – Center Promenade – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the property lease-up. There have been six new leases and/or renewals executed since February 2017, accounting for 20,900 sq. ft. (of Net Rentable Area) with an aggregate annual rent of $485,632 (12.7% of UW Base Rent). In addition, the Underwritten NOI includes $259,211 in contractual rent steps through October 2018. | |
Loan No. 30 – Metro Center V – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by 13 leases with a start date between January 2017 and January 2018 that account for 58,618 sq. ft. (27.2% of NRA) with an aggregate annual rent of $626,669 (25.5% of UW Gross Potential Income). | |
Loan No. 32 – William Penn Building – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the two new retail leases that were executed in June 2017, accounting for 7,500 sq. ft. (70.8% of retail NRA and 27.6% of building NRA) with an aggregate annual rent of $396,000 (27.5% of UW Gross Potential Income). | |
Loan No. 36 – Goodale Office – The increase in Underwritten NOI from Most Recent NOI ($) is due to an occupancy increase from 68.0% to 100.0% as well as the inclusion of contractual rent steps. Since 2017, a new lease was executed with the 2nd Largest Tenant - King Business Interiors that accounts for 15,944 sq. ft. (20.0% of NRA) with an aggregate annual rent of $211,258 (19.7% of UW Gross Potential Income). | |
Loan No. 46 – Callahan Plaza – The Underwritten NOI is over 10% higher than Most Recent NOI ($). Since January 2016, the borrower has executed new and renewal leases for 20,424 sq. ft. (23.5% of NRA) with an aggregate annual rent of $123,652 (19.8% of UW Gross Potential Income). | |
(13) | 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. |
(14) | In certain cases, in addition to an “as-is” value, the appraisal states an “as complete” or “as-stabilized” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A-1 is the “as-is” value unless otherwise specified in the preliminary prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD was calculated using the related “as complete” or “as-stabilized” Appraised Value, as opposed to the “as-is” Appraised Values, each as set forth in the following table: |
A-1-40
Loan No. | Mortgage Loan Name | % of Initial Pool Balance | Cut-off Date LTV Ratio (Other Than As-Is) | Appraised Value (Other Than As-Is) | Cut-off Date LTV Ratio (“As-Is”) | Appraised Value (“As-Is”) | |||||||||
4 | Griffin Portfolio(1) | 4.7% | 61.5% | $610,000,000 | 63.3% | $592,060,000 | |||||||||
5 | Worldwide Plaza(2) | 4.3% | 35.4% | $1,740,000,000 | 35.4% | $1,740,000,000 | |||||||||
7 | Atrium Center(3) | 4.3% | 53.5% | $215,000,000 | 62.2% | $185,000,000 | |||||||||
8 | Sentinel Square II(4) | 3.9% | 59.7% | $172,000,000 | 68.8% | $149,300,000 | |||||||||
12.25 | Gateway Net Lease Portfolio – Baxalta (Barry Pointe)(5) | 0.1% | 45.0% | $8,250,000 | 45.9% | NAP | |||||||||
12.26 | Gateway Net Lease Portfolio – Baxalta (Casselberry)(6) | 0.1% | 45.0% | $7,850,000 | 45.9% | NAP | |||||||||
23 | Olive Park Shopping Center(7) | 1.4% | 72.7% | $21,800,000 | 72.7% | $21,800,000 | |||||||||
26 | AHIP Northeast Portfolio I(8) | 1.3% | 56.1% | $124,000,000 | 61.6% | $113,000,000 | |||||||||
27 | Starwood Capital Group Hotel Portfolio(9) | 1.2% | 60.4% | $956,000,000 | 65.3% | $884,700,000 | |||||||||
32 | William Penn Building(10) | 1.0% | 52.3% | $20,060,000 | 52.3% | $20,060,000 | |||||||||
37 | Hampton Inn Glenwood Springs(11) | 0.7% | 68.9% | $12,000,000 | 75.2% | $11,000,000 |
(1) The Griffin Portfolio Appraised Value of $610,000,000 reflects a 3.0% premium attributed to the aggregate “As-is” value of the related mortgaged properties as a whole. The sum of the “As-is” values for each of the related mortgaged properties on an individual basis is $592,060,000, which represents a Cut-Off Date LTV Ratio. See “Description of the Mortgage Pool—Appraised Value” in the preliminary prospectus. | |
(2) The Worldwide Plaza “as is” Appraised Value of $1,740,000,000 includes separate appraised values for the office building included in the Mortgaged Property ($1,620,000,000) and the amenity parcel ($120,000,000). As described under “Risk Factors-Risks Relating to the Mortgage Loans-Risks Relating to the Worldwide Plaza Mortgage Loan,” the amenity parcel does not secure the Worldwide Plaza Mortgage Loan. Based solely on the appraised value of the office building, the Cut-off Date LTV ratio and Balloon LTV ratio of the senior notes included in the Worldwide Plaza Whole Loan, the entire Whole Loan and the combined Whole Loan and mezzanine debt are 38.0%, 58.0% and 74.1% respectively. | |
(3) The Atrium Center Appraised Value reflects an appraisal on a “hypothetical as-is” basis, which assumes that the Dana Farber Cancer Institute lease has commenced and that all leasing costs have been paid. At origination, the borrower was required to reserve $21,161,047 for outstanding tenant improvement and leasing commissions and approximately $2,397,212 for outstanding free rent. Based on the “as is” appraised value of $185,000,000, the Cut-off Date LTV and LTV Ratio at Maturity or ARD is 62.2%. | |
(4) The Sentinel Square II Appraised Value reflects the “as stabilized” appraised value of the Mortgaged Property which assumes that there is no outstanding free rent, that the payment of rent has commenced and that that the Mortgaged Property is leased at a market rent level. At origination, the borrower was required to reserve $18,493,311 in free rent associated with the DC Government and Federal Election Commission leases. | |
(5) The Gateway Net Lease Portfolio – Baxalta (Barry Pointe) Appraised Value ($), Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on the “as complete” appraised value of $8,250,000, which assumes the property is 100% leased upon completion of the construction. According to the borrower sponsor, construction of the property was completed in the fourth quarter of 2017. The “as is” appraised value of the land as of February 27, 2017 is $1,375,000. Based on the Gateway Net Lease Portfolio “as is” aggregate appraised value of $769,115,000, which does not include the two properties that were previously under construction, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 45.9% and 45.9%, respectively. | |
(6) The Gateway Net Lease Portfolio – Baxalta (Casselberry) Appraised Value ($), Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on the “as complete” appraised value of $7,850,000, which assumes the property is 100% leased upon completion of the construction. According to the borrower sponsor, construction of the property was completed in the fourth quarter of 2017. The “as is” appraised value of the land as of February 22, 2017 is $1,850,000. Based on the Gateway Net Lease Portfolio “as is” aggregate appraised value of $769,115,000, which does not include the two properties that were previously under construction, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 45.9% and 45.9%, respectively. | |
(7) The Olive Park Shopping Center Appraised Value ($) of $21,800,000 was set forth in the related appraisal as the “as complete” appraised value with a date of value of September 30, 2017 and was based on the assumption that tenant improvement costs have been incurred by the borrower sponsor or reserved under the related Mortgage Loan. At origination of the Mortgage Loan, all previously outstanding tenant improvement costs had been paid. Because all assumptions for the “as complete” appraised value in the related appraisal have been met, the Appraised Value ($) of $21,800,000 is treated as the “as-is” appraised value for the related Mortgaged Property. | |
(8) The AHIP Northeast Portfolio I Appraised Value ($) represents the “as complete” value of $124,000,000 for the mortgaged properties, effective on various dates, which assumes the completion of the required property improvement plan (“PIP”) at each mortgaged property. At loan origination, the borrower reserved $4,519,224, the estimated aggregate cost of the PIPs. | |
(9) The Starwood Capital Group Hotel Portfolio Appraised Value reflects an 8.1% premium attributed to the aggregate “as is” value of the portfolio of Mortgaged Properties as a whole. | |
(10) The William Penn Building as is Appraised Value is $20,060,000; however, the Mortgage Loan financed the acquisition of the Mortgaged Property at a purchase price of $10,500,000 (which is less than the original principal balance of the Mortgage Loan of $11,500,000). The seller of the Mortgaged Property had entered into a 10 year master lease of the Mortgaged Property in April 2016 with the owner of the current borrower, which provided for payments which were approximately 39.9% of the underwritten net operating income at the Mortgaged Property. Such master lease was terminated upon the borrower’s acquisition of the Mortgaged Property. | |
(11) The Hampton Inn Glenwood Springs Appraised Value ($) represents the “as complete” value of $12,000,000 for the mortgaged property, effective on October 1, 2017, which assumes the completion of the required property improvement plan (“PIP”) at the mortgaged property, among other extraordinary assumptions. At loan origination, the borrower reserved $950,000, the estimated aggregate remaining cost of the PIP at the time of valuation. | |
See “Description of the Mortgage Pool—Appraised Value” in this preliminary prospectus. | |
(15) | 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. | |
“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. | |
“YM2(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 2% of the amount prepaid. |
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“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—Property 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—Voluntary Prepayments” in this preliminary prospectus. | |
(16) | Loan No. 1 – 90 Hudson – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2017. Defeasance of the $130.0 million 90 Hudson Whole Loan is permitted prior to the open period and after the date that is earlier to occur of (i) the date that is two years after the closing date of the securitization that holds the last portion of the 90 Hudson Whole Loan to be securitized and (ii) December 1, 2020. The actual lockout period may be longer. The borrower is also permitted to prepay the 90 Hudson Whole Loan after December 1, 2019 with the payment of a yield maintenance premium. |
Loan No. 3 – The Woods – The lockout period will be at least 25 payment dates beginning with and including the first payment date of January 6, 2018. Defeasance or prepayment (if prior to June 6, 2022, accompanied by a yield maintenance premium) of the full $200.0 million The Woods Whole Loan is permitted after the date that is earlier to occur of (i) December 1, 2021 (ii) two years after the date of the securitization of the last portion of the The Woods Whole Loan. | |
Loan No. 5 – Worldwide Plaza – The lockout period will be at least 26 payment dates beginning with and including the first payment date of December 6, 2017. Defeasance of the full $940.0 million Worldwide Plaza 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) October 18, 2020. The assumed lockout period of 26 payments is based on the expected Benchmark 2018-B1 securitization closing date in January 2018. The actual lockout period may be longer. | |
Loan No. 8 – Sentinel Square II – The lockout period will be at least 24 payment dates beginning with and including the first payment date of February 6, 2018. Defeasance of the full $102.66 million Sentinel Square II 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) December 29, 2020. The assumed lockout period of 24 payments is based on the expected Benchmark 2018-B1 securitization closing date in January 2018. The actual lockout period may be longer. | |
Loan No. 13 – Lehigh Valley Mall – The lockout period will be at least 26 payment dates beginning with and including the first payment date of December 1, 2017. The actual lockout period may be longer. Defeasance of the full $200.0 million Lehigh Valley Mall 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 note to be securitized (the “REMIC Prohibition Period”) and (ii) December 1, 2020 (such earlier date, the “Permitted Release Date”). The borrower is also permitted to prepay the Lehigh Valley Mall Whole Loan with the payment of a yield maintenance premium after the occurrence of the Permitted Release Date if the REMIC Prohibition Period has not occurred prior to December 1, 2020. | |
Loan No. 14 – Rochester Hotel Portfolio – The lockout period will be at least 26 payment dates beginning with and including the first payment date of December 6, 2017. Defeasance of the full $140.0 million Rochester Hotel Portfolio 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) |
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November 6, 2020. The assumed lockout period of 26 payments is based on the expected Benchmark 2018-B1 securitization closing date in January 2018. The actual lockout period may be longer. | |
Loan No. 18 – Marriott Charlotte City Center – The lockout period will be at least 31 payments beginning with and including the first payment date of July 1, 2017. Defeasance of the full $103.0 million Marriott Charlotte City Center Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the Marriott Charlotte City Center Whole Loan if the defeasance lockout period has not expired by July 1, 2020 with the payment of a yield maintenance premium. | |
(17) | Partial release upon partial prepayment or partial defeasance is permitted for the following loans. See “Description of the Mortgage Pool – Certain Terms of the Mortgage Loans – Partial Releases” in this preliminary prospectus for the terms of the releases. |
● Loan No. 4 – Griffin Portfolio | |
● Loan No. 7 – Atrium Center | |
● Loan No. 13 – Lehigh Valley Mall | |
● Loan No. 19 – Miracle Mile Shopping Center | |
● Loan No. 26 – AHIP Northeast Portfolio I | |
● Loan No. 27 – Starwood Capital Group Hotel Portfolio | |
● Loan No. 34 – Fairfield Inn & Suites – Panama City Beach | |
● Loan No. 39 – Fresenius Portfolio V | |
● Loan No. 44 – 21st Century Storage – Miami, FL | |
● Loan No. 47 – CityLine PA Portfolio | |
Loan No. 4 – Griffin Portfolio – With respect to the Griffin Portfolio Mortgage Loan the related loan documents permit a collateral substitution, subject to satisfaction of certain conditions. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans— Partial Releases” in this preliminary prospectus. | |
(18) | Loan No. 1 – 90 Hudson – The Mortgage Loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease. |
Loan No. 13 – Lehigh Valley Mall – The Mortgage Loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease. | |
Loan No. 19 – Miracle Mile Shopping Center – The Mortgage Loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease. | |
Loan No. 4.02 – Griffin Portfolio – State Farm Regional HQ Mortgaged Property, representing 0.9% of the Initial Pool Balance by allocated loan amount, is subject to a revenue bond lease structure whereby the local development authority, the Dunwoody Development Authority owns the fee interest and leases it to the borrower, since under Georgia state law, development authorities do not have the ability to grant tax abatements directly, thereby effectuating a tax abatement applicable to the State Farm Regional HQ Mortgaged Property. The Dunwoody Development Authority has joined the fee interest to the lien of the Griffin Portfolio Mortgage Loan. The Griffin Portfolio Whole Loan was underwritten without giving effect to the related tax abatement. See “—Certain Terms of the Mortgage Loans—Fee and Leasehold Estates; Ground Leases” in this preliminary prospectus. | |
Loan No. 22 – Towers at University Town Center – The Mortgaged Property is partially secured by a sublease of a ground lease of 162 parking spaces at a neighboring property. Neither the ground lease nor the sublease has customary leasehold financing provisions. However, the parking spaces are not required for zoning compliance or for the operation of the Mortgaged Property. The subleasehold property operated at a net loss, which has been accounted for in the underwriting. No upside from the subleasehold property was included in the underwriting. |
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Certain of the Mortgaged Properties have property ownership structures in the form of condominium and other shared interests. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests”. | |
Loan No. 14 – Station Place III – The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 1, 2017. Defeasance of the full $190.0 million Station Place III Whole Loan is permitted after the date that is the earlier to occur of (i) December 1, 2021 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 CD 2017-CD6 securitization closing date in November 2017. The actual lockout period may be longer. | |
Loan No. 23 – Colorado Center – The lockout period will be at least 27 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 27 payments is based on the expected CD 2017-CD6 securitization closing date in November 2017. The actual lockout period may be longer. | |
(19) | 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. 2 – Valencia Town Center – The Mortgaged Property is subject to a ground lease that commenced on April 22, 2016, expires on April 21, 2115 and does not have any extension options. The fixed ground rent is $2,625,000 during the first year, which steps up 2.0% each year during the first 10 years, followed by a 3.0% rent step each year from 2026 through 2045, remains at $5,665,984 until 2066 after which it increases at 2.0% each year until the term expiration. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus. | |
Loan No. 27 – Starwood Capital Group Hotel Portfolio – The Mortgage Loan is secured by the borrowers’ leasehold interest in the Hilton Garden Inn Edison Raritan Center Mortgaged Property and the remaining Mortgaged Properties in fee. | |
Loan No. 41 – Q-2 Self Storage – The Mortgage Loan is secured by the borrower’s leasehold interest in the Mortgaged Property under the related ground lease, pursuant to which the base rent increases every five-year period to an amount determined by multiplying the base rent payable at the end of such preceding five-year period by a fraction, the numerator of which is the Consumer Price Index according to the United States Department of Labor Bureau of Labor Statistics (the “CPI”) for the month of August during the next to last year of the five-year period then in effect, and the denominator of which is the CPI for the month of August during the first year of the five-year period then in effect; provided, such increase in the base rent may not be less than 13.75%. | |
Loan No. 3 – Burbank Office Portfolio - Borrowers may prepay the loan in whole or in part provided, among other things in the loan documents, that (i) no event of default is continuing, and (ii) the borrowers pay to the lender (a) all interest which would have accrued on the mortgage loan to be paid through and including the last day of the related accrual period, or if on a payment date, the interest which would have accrued through and including the last day of the accrual period immediately preceding such payment date, (b) all other sums due and payable under the loan documents and (c) if such prepayment occurs prior to April 2024, the yield maintenance premium on the amount of the loan which is being prepaid. Additionally, an individual property may be released at any time provided, among other things in the loan documents, (i) borrowers pay the applicable release amount together with any yield maintenance premium then required, (ii) after giving effect to such release, as of the date of such release, the debt yield will be no less than the greater of (a) the closing date debt yield and (b) the debt yield immediately prior to such release (provided that in no event will the debt yield be required to be greater than 10.0%); |
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provided, further, that for the purpose of meeting debt yield requirements, (1) the borrowers may prepay a portion of the loan or (2) the borrowers may elect to deliver a letter of credit in the maximum amount of $15,000,000 as additional collateral for the loan to be counted against the outstanding principal balance on a dollar for dollar basis when calculating debt yield. The borrowers are also permitted to prepay the mortgage loan to cure an event of default, in which case the debt yield test will not apply to the release, and no yield maintenance premium will be required. | |
(20) | Loan No. 20 – Center Promenade – The Largest Tenant, County of Ventura, leases 30,559 sq. ft. of space with a lease expiration date of April 30, 2025, 14,565 sq. ft. of space with a lease expiration date of December 31, 2019 and 5,102 sq. ft. of space with a lease expiration of November 30, 2027. The 3rd Largest Tenant, Regents of UCLA, leases 8,284 sq. ft. of space with a lease expiration date of December 31, 2021 and 5,107 sq. ft. of space with a lease expiration date of July 31, 2022. |
(21) | 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. |
Loan No. 1 – 90 Hudson – The Borrower has the right to take back two floors of space from the Largest Tenant, Lord Abbett, and one floor of space from the 2nd Largest Tenant, Charles Komar & Sons, upon satisfaction of certain terms and conditions in the Mortgage Loan documents (each of the foregoing a “Partial Lease Termination”). The borrower previously took back 10,777 sq. ft. of ground floor office space from Lord Abbett to convert such space for retail use. | |
Loan No. 2 – Valencia Town Center – The Largest Tenant at the related Mortgaged Property, Princess Cruises, which leases 79.1% of the total NRA, has early termination options with respect to a total of 63,575 sq. ft. (16.1% of NRA), with nine months’ notice. The termination options are phased such that Princess Cruises may terminate (i) 21,176 sq. ft. on April 1, 2020 upon paying a termination fee of three months of rent, (ii) 21,199 sq. ft. on April 1, 2021 upon paying a termination fee of two months of rent, and (iii) 21,200 square feet on April 1, 2022 upon paying a termination fee of one month of rent. | |
Loan No. 4.07 – Griffin Portfolio – Wells Fargo Operations Center Mortgaged Property – The sole tenant, Wells Fargo Bank, has a termination option effective January 31, 2023 upon nine months’ notice and payment of a termination fee equal to $1,491,390. | |
Loan No. 4.09 – Griffin Portfolio – Royal Ridge V Mortgaged Property – The sole tenant, NEC has a termination option effective March 31, 2024 upon 12 months’ notice and payment of a termination fee equal to transaction costs and three months’ of base rent, estimated as $2,695,119. | |
Loan No. 4.10 – Griffin Portfolio – Comcast Regional HQ Mortgaged Property – The sole tenant, Comcast, has a termination option effective November 30, 2024 upon 15 months’ notice and payment of a termination fee equal to five months’ rent plus tenant improvement and leasing commission costs. Comcast’s termination option is rendered null and void upon any extension or renewal of its initial lease. | |
Loan No. 5 – Worldwide Plaza – The Largest Tenant, Nomura Holding America Inc. (“Nomura”), representing approximately 40.0% of the NRA, has the right to reduce its space upon 15 months’ notice prior to January 1, 2022 (if it has not exercised an expansion option in the prior 12 months) by a single |
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contiguous block of space and/or any full or partial floor of its space that is not contiguous to any other space then leased by Nomura so long as the total contraction space includes no more than 10% of its rentable square footage. Nomura may also reduce its space in the same manner once after January 1, 2022 and prior to January 1, 2027. Both contraction options are subject to certain payments associated with the option. Nomura also has a one-time right to terminate its lease, in whole or in part as of January 1, 2027 upon 18 months’ notice and payment of a termination fee equal to six months fixed rent on the terminated space and unamortized transaction costs associated with the terminated space. | |
Loan No. 7 – Atrium Center – The 3rd Largest Tenant, CCRM, which leases approximately 6.1% of the net rentable area, has the right to terminate its lease as of May 31, 2027, with 12 months’ notice and the payment of a termination fee. | |
Loan No. 8 – Sentinel Square II – The Largest Tenant, District of Columbia, has the right to terminate its lease if sufficient funds are not appropriated to cover the cost of fixed and additional rent. | |
Loan No. 12.07 – Gateway Net Lease Portfolio – Carrier – The Largest Tenant, Carrier, has the right to terminate its lease on October 1, 2019 or October 1, 2021, with six months’ notice. | |
Loan No. 12.11 – Gateway Net Lease Portfolio – FCA/Caterpillar – The Largest Tenant, FCA LLC, has the right to terminate its lease if the related service agreement for the property is terminated and not assumed by a transferee permitted under the related lease, with the payment of a termination fee. | |
Loan No. 12.16 – Gateway Net Lease Portfolio – Sikorsky Aircraft R&D Facility – The Largest Tenant, Sikorsky Aircraft, has the right to terminate its lease with 12 months’ notice and the payment of a termination fee. | |
Loan No. 12.37 – Gateway Net Lease Portfolio – Saint-Gobain Warehouse – The Largest Tenant, Saint-Gobain, has the right to terminate its lease at any time if the tenant’s annual sales have fallen by at least 20.0% compared to the annual sales for the first 12 months of the lease term. | |
Loan No. 20 – Center Promenade – The 4th Largest Tenant, Social Security Administration, has the option to terminate its lease anytime after September 18, 2022 upon 120 days notice. | |
Loan No. 21 – The Arbors – The Largest Tenant, North Carolina Department of State Treasurer, is a government tenant and has an appropriations clause in the related lease. The Largest Tenant also has the one-time option to reduce its premises by up to 10% at any time after February 15, 2020 with no penalty. The 2nd Largest Tenant, Makhteshim Agan of North America, Inc., has a termination option effective February 28, 2019, upon a June 28th, 2018 notice and a termination fee equal to the unamortized portion of the excused rent and two months’ rent plus tenant improvement and leasing commission costs. The 3rd Largest Tenant, United Guaranty Corporation, has a termination option effective February 28, 2019, with 12 months’ notice and an estimated penalty of $317,830 as well as outstanding base rent, with additional rent for two months along with leasing costs. | |
Loan No. 24 – Two Harbor Point Square – The 2nd Largest Tenant, Structured Portfolio Management, L.L.C., can terminate its lease as of November 30, 2017 with 365 days notice and payment of a termination fee. The 3rd Largest Tenant, McKinsey & Company, Inc., can terminate its lease as of July 31, 2018 on 12 months notice and payment of a termination fee. The 4th Largest Tenant, Castleton Commodities, can terminate its lease on March 31, 2020 with one-year notice and payment of a $1,300,000 termination fee. The 5th Largest Tenant, Insight Global, can terminate its lease on October 31, 2020 with one-year notice plus unamortized tenant improvements, leasing commissions & free rent, plus four months of base and additional rent and a $1,300,000 termination fee. | |
Loan No. 28 – 4400 PGA Boulevard – The 3rd Largest Tenant, US Army Corps of Engineers, has a termination option, upon a 90 days’ notice prior to March 31, 2020 and a termination fee of unamortized costs of brokerage fees and improvement costs. |
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Loan No. 30 – Metro Center V – The 4th Largest Tenant, Tibco Software Inc, has a termination option effective February 28, 2019, upon a nine months’ notice and a termination fee equal to unamortized leasing costs. Additionally, the 5th Largest Tenant, Coresource, has a termination option effective December 31, 2018, or December 31, 2019, upon six months’ notice and a termination fee equal to unamortized leasing costs. | |
Loan No. 31 – 1114-1126 Lake Street – The 3rd Largest Tenant, Sleepy’s, has the one time option to terminate its lease on November 30, 2021 with six months prior written notice to the landlord. | |
Loan No. 36 – Goodale Office – The 4th Largest Tenant, Franklin Soil & Water Conservation District, is a government tenant and has an appropriations clause in the related lease. | |
(22) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 5 – Worldwide Plaza – The 2nd Largest Tenant, Cravath, Swaine & Moore LLP, subleases approximately 34,210 sq. ft. of its space to McCarter & English LLP and approximately 29,688 sq. ft. of its space to AMA Consulting Engineers, P.C. | |
Loan No. 7 – Atrium Center – The entire premises leased to CCRM, the 3rd Largest Tenant, is subleased to CRMB Physician Group, PLLC, a subsidiary of CCRM. The term of the sublease expires concurrently with the term of the prime lease. The underwritten base rent of the sublease and prime lease are also identical at $36.75 per sq. ft. | |
(23) | Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 20 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Other” in this preliminary prospectus. |
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 – Station Place III – The Largest Tenant, the U.S. Securities and Exchange Commission, had issued a request for proposal to lease 1,274,000 sq. ft. of space, as to which offers were due in November 2017. If the tenant (a) does not (i) exercise its renewal option or (ii) enter into a new lease or an amendment of the existing lease on substantially the same terms as those set forth in the renewal provisions in the current lease, in each case at least 12 months prior to the expiration date of the current lease or (b) “goes dark”, vacates or abandons 75% or more of its premises, a cash sweep event will be triggered under the loan documents. | |
Loan No. 7 – Atrium Center – The Largest Tenant, Dana Farber Cancer Institute, has executed a lease but not yet taken occupancy at the Mortgaged Property and has not yet commenced paying rent. The rent commencement date is May 1, 2018. The 5th Largest Tenant, Newton - Wellesley Hospital, has taken possession of its space and commenced paying rent, but is not yet in occupancy. The tenant is expected to take occupancy in April 2018. | |
Loan No. 8 – Sentinel Square II – The Largest Tenant, District of Columbia, which leases 164,110 sq. ft. (58.5% of the total NRA) is not yet in occupancy of 108,000 sq. ft. of its space, and is anticipated to take occupancy of such space in or around January 15, 2018. District of Columbia is in a free rent period through February 2019, all of which free rent has been reserved for. The 2nd Largest Tenant, Federal Election Commission (“FEC”), which leases 35.6% of the NRA, is not yet in occupancy of its space, and is anticipated to take occupancy in or around the end of March 2018. The FEC is in a free rent period through January 2020, all of which free rent has been reserved for. In addition, the FEC is entitled to a $600,000 allowance that may be used for improvements through September 1, 2018, and thereafter any |
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remainder may be treated as additional free rent funds and disbursed in accordance with the standard free rent reserve provisions under the loan agreement. Such allowance has been reserved for. | |
Loan No. 13 – Lehigh Valley Mall – The Largest Tenant, Bob’s Discount Furniture, has executed its lease but not yet taken occupancy at the Mortgaged Property and has not yet commenced paying rent. The rent commencement date is in April 2018. At origination, the borrower was required to reserve $443,000 for outstanding tenant improvement allowances and $208,533 for outstanding free rent periods related to three tenants, including Bob’s Discount Furniture. | |
Loan No. 17 – 156-168 Bleecker – The 3rd Largest Tenant, Pieology, leasing 8.2% of NRA, and World’s Best Cookie Dough, the 4th Largest Tenant, leasing 6.0% of NRA, are not yet open for business. Both tenants’ leases have commenced and are in full force and effect, and both tenants have commenced paying rent. Both tenants are in possession of, and are in the process of renovating their respective premises. A “stop work” order was previously in effect with respect to Pieology’s improvement work on its premises, due to a contractor engaged by Pieology welding on its premises without a permit (which resulted in a fire); however such order was lifted on December 13, 2017. | |
Loan No. 32 – William Penn Building – The 2nd Largest Tenant, Tacos El Gordo, has executed its lease and has commenced paying rent in May 2016. The tenant was expected to take occupancy at the Mortgaged Property by January 15, 2018. The loan documents require the establishment of the springing lockbox, cash management and a cash sweep if the tenant fails to take occupancy by January 15, 2018. The borrower has informed the lender that the tenant has not yet taken occupancy. | |
(24) | Loan No. 20 – Center Promenade – The borrowers, Omninet Ventura, LLC and Omninet Ventura SL, LLC are structured as tenants-in-common, each of which is a Delaware limited liability company and each a single-purpose, single-asset entity, with one independent director, controlled by the loan sponsors and nonrecourse carve-out guarantors. The sponsors and nonrecourse carve-out guarantors are Neil Kadisha and Benjamin Nazarian. |
Loan No. 28 – 4400 PGA Boulevard – The borrowers own the Mortgaged Property as tenants-in-common. | |
Loan Nos. 30 and 36 – Metro Center V and Goodale Office – The related borrower sponsors have the one-time right to create an additional borrower to co-own the Mortgaged Property with the existing borrower as tenants-in-common. In the case of each such Mortgage Loan, the additional borrower is required to be owned and controlled by one of two specified existing nonrecourse carve-out guarantors and to own not more than a 7.00% interest in the Mortgaged Property. In addition, in each case, the related Mortgage Loan documents provide that if a tenant-in-common structure is entered into, the tenant-in-common borrowers must enter into a specified form of tenant-in-common agreement, must waive their right to partition and the two key principal nonrecourse carve-out guarantors must provide a nonrecourse carve-out guaranty with respect to the additional borrower. | |
(25) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 10 – Radisson Blu Aqua Hotel – After the origination date, on which the borrower was required to deposit into the Upfront Tax Reserves ($) $216,932, the borrower was additionally required to deposit into the Upfront Tax Reserves ($) the sum of $489,327. | |
(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. 14 – Rochester Hotel Portfolio – A franchise agreement sweep period will commence on the earlier to occur of (i) 24 months prior to the expiration date of the applicable franchise agreement and (ii) |
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any borrower’s written notice to the lender of a borrower’s intent to commence the process of replacing an applicable existing franchise agreement and shall end upon the occurrence of (x) borrowers delivering a replacement franchise agreement or renewal or other extension of an existing franchise agreement and having an initial term (with respect to a replacement franchise agreement) or a remaining term (with respect to an existing franchise agreement, after giving effect to such renewal or extension), in either case, of at least 10 years and (y) the amount in the PIP account equaling 110% of the anticipated costs required to comply with all PIP requirements under any such replacement franchise agreement (or renewal or extension of any existing franchise agreement). | |
Loan No. 26 – AHIP Northeast Portfolio I – unless the borrowers deliver a letter of credit, beginning on July 6, 2019, the borrowers are required to deposit an amount equal to the greater of (i) the aggregate of 1/12 of 4.0% of estimated annual rents for each Mortgaged Property and (ii) the aggregate of the then-current amount required by the franchise agreements. | |
Loan No. 34 – Fairfield Inn & Suites - Panama City Beach – On the monthly debt service payment dates occurring in March, April, May, June and July of each year (the “Seasonality Payment Period”) during the term of the mortgage loan, commencing on such payment date in March 2018, the borrower is required to deposit, determined by the lender in February of each year, an amount equal to 1/5 of the amount which, if added to the net operating income from the Mortgaged Property, would cause the debt service coverage ratio during the period spanning November, December and January immediately preceding the applicable seasonality deposit requirement to equal 1.10x. | |
(28) | Loan No. 14 – Rochester Hotel Portfolio – On each monthly payment date in June, July, August, September, October, and November, the borrowers are required to deposit $50,000 into a seasonality reserve for potential shortfalls in the payment of the monthly interest payment amount, monthly debt service payment amount, other amounts payable under the loan documents and other operating expenses on each monthly payment date in January, February and March (provided, if no Trigger Period exists, lender shall disburse available funds in an amount equal to $100,000 to the borrowers on each such monthly payment date). The seasonality reserve is subject to a cap of $300,000. |
Loan No. 18 – Marriott Charlotte City Center – The borrower is required to deposit (a) for months one through 36 of the term of the loan, 3%, (b) for months 37 through 48 of the term of the loan, 4% and (c) for months 49 through 60 of the term of the loan, 5% of gross income from operations for the calendar month occurring two calendar months prior to such payment date plus any amounts required to be deposited pursuant to any property improvement plan if (i) the property manager no longer reserves or otherwise sets aside funds for replacements and repairs required to be made to the property during the calendar year in accordance with the Mortgage Loan documents, (ii) the borrower fails to provide to the lender with reasonably satisfactory evidence that sums for replacements and repairs required to be made to the Mortgaged Property are being reserved with the property manager and such sums are being expended at the Marriott City Center Property in accordance with the requirements of the Mortgage Loan documents or the management agreement or (iii) the management agreement is no longer in full force and effect. | |
Loan No. 36 – Goodale Office – On each monthly payment date until October 2022, the borrower is required to deposit $6,250 into a TI/LC reserve account, subject to a cap of $150,000. On each monthly payment date thereafter, the borrower is required to deposit $8,333.33, subject to a cap of $300,000. | |
(29) | Loan No. 11 – 8900 Beverly – The borrower was required at origination to deposit $2,000,000 of the Mortgage Loan proceeds with the lender to be held as additional collateral for the loan. The reserve is required to be released to borrower if it enters into a new lease by November 7, 2021 renting at least 2,700 sq. ft. that were vacant at origination, debt yield is at least 8.5%, and free rent and TI/LC thereunder are paid or reserved for. Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the Future Lease Reserve. Including the Future Lease Reserve, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are 8.6% and 8.3%, respectively. |
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Loan No. 31 – 1114-1126 Lake Street – The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date balance, net of a $830,000 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 has occurred and is continuing and, (ii) the Lender has received evidence that the Holdback Debt Yield equals or exceeds 8.6%. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance of $12,800,000 are 8.5% and 8.0%, respectively. | |
Loan No. 32 – William Penn Building – The borrower was required at origination to deposit $1,000,000 of the Mortgage Loan proceeds with the lender to be held as additional collateral for the loan. Reserve is required to be released to borrower, provided no event of default has occurred and is continuing, (a) on January 2, 2019, the lender is required to disburse from the holdback reserve funds the lesser of (1) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in a debt yield equal to 9.0%, (2) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in an LTV equal to 65.0% and (3) $500,000; and (B) to the extent that Holdback Reserve Funds remain on deposit with the lender on each of January 2, 2020, January 2, 2021 and January 2, 2022, the lender is required to disburse from the holdback reserve funds the lesser of (1) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in a debt yield equal to 9.0%, and (2) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in an LTV equal to 65.0%. Any holdback reserve funds on deposit with the lender that are not available for disbursement following the disbursement on January 2, 2022 are required to be transferred by the lender from the holdback reserve funds to be used as leasing reserve funds. | |
(30) | With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool – Mortgage Pool Characteristics – Environmental Considerations” in this preliminary prospectus. |
(31) | Summary of Existing Mezzanine Debt. |
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 | Total Debt U/W NCF DSCR | Total Debt U/W NOI Debt Yield | ||||||||||||
Worldwide Plaza | $50,000,000 | 4.3% | $260,000,000 | 5.35473076923077% | 11/6/2027 | Yes | 69.0% | 1.75x | 7.3% | ||||||||||||
Two Harbor Point Square(1) | $14,750,000 | 1.3% | $11,500,000 | 9.7500% | 12/6/2027 | Yes | 76.3% | 1.28x | 9.2% |
(1) The Two Harbor Point Square mortgage loan has an interest only period of five years followed by five years of amortization based on a 30-year amortization schedule. The Two Harbor Point Square mezzanine loan is full term interest only. | |
(32) | Summary of Future Mezzanine Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Intercreditor Agreement Required | Combined Minimum DSCR | Combined Maximum LTV | Combined Minimum Debt Yield | |||||||||
5 | Worldwide Plaza(1) | $50,000,000 | 4.3% | Yes | NAP | 65.5% | 7.45% | |||||||||
6 | Station Place III | $50,000,000 | 4.3% | Yes | 2.79x | 47.6% | NAP | |||||||||
16 | 521-523 East 72nd Street | $35,000,000 | 3.0% | Yes | 1.93x | 59.0% | NAP | |||||||||
27 | Starwood Capital Group Hotel Portfolio | $14,317,500 | 1.2% | Yes | 2.65x | 64.9% | NAP |
(1) With respect to the Worldwide Plaza, the borrowers may issue preferred equity in lieu of or in combination with mezzanine debt, subject to a maximum amount of $120,000,000 and the conditions set forth in the table regarding future mezzanine debt under “—Mezzanine Indebtedness” within this preliminary prospectus for additional information. Future mezzanine debt or preferred equity may not be incurred prior to April 18, 2018. Goldman Sachs Mortgage Company or an affiliate has a right of first offer to provide the future mezzanine debt or preferred equity. The Mortgage Loan documents provide that there will be no restriction on the right to prepay, defease or redeem such future mezzanine debt or preferred equity. |
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