FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-227446-04 | ||
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | % of Initial Pool Balance | Mortgage Loan Originator(1) | Mortgage Loan Seller(1) | Original Balance | Cut-off Date Balance | Maturity/ARD Balance | Cut-off Date Balance per SF/ Units/Rooms | Loan Purpose | Sponsor |
Loan | 5 | 1 | 9201 West Sunset Boulevard | 9.5% | MSBNA | MSMCH | $65,000,000 | $65,000,000 | $65,000,000 | $810.33 | Refinance | Mani Brothers Real Estate Group |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | 9.4% | AREF | AREF | $64,785,000 | $64,785,000 | $64,785,000 | $145.00 | Refinance | Mark Gabay |
Property | 2.01 | The Springs | 2.0% | AREF | AREF | $13,769,282 | $13,769,282 | $13,769,282 | ||||
Property | 2.02 | Summerwood | 1.4% | AREF | AREF | $9,557,661 | $9,557,661 | $9,557,661 | ||||
Property | 2.03 | Food 4 Less – Target Center | 1.0% | AREF | AREF | $6,542,294 | $6,542,294 | $6,542,294 | ||||
Property | 2.04 | El Super Center | 0.9% | AREF | AREF | $6,400,228 | $6,400,228 | $6,400,228 | ||||
Property | 2.05 | Island Plaza | 0.7% | AREF | AREF | $4,892,393 | $4,892,393 | $4,892,393 | ||||
Property | 2.06 | Baldwin Park Promenade | 0.5% | AREF | AREF | $3,470,221 | $3,470,221 | $3,470,221 | ||||
Property | 2.07 | Lynwood Plaza | 0.5% | AREF | AREF | $3,441,868 | $3,441,868 | $3,441,868 | ||||
Property | 2.08 | El Cajon (CVS) | 0.4% | AREF | AREF | $2,986,713 | $2,986,713 | $2,986,713 | ||||
Property | 2.09 | Loma Vista | 0.4% | AREF | AREF | $2,645,572 | $2,645,572 | $2,645,572 | ||||
Property | 2.10 | MLK Medical | 0.4% | AREF | AREF | $2,546,035 | $2,546,035 | $2,546,035 | ||||
Property | 2.11 | Hawthorne Plaza | 0.4% | AREF | AREF | $2,446,498 | $2,446,498 | $2,446,498 | ||||
Property | 2.12 | Five Points Plaza | 0.3% | AREF | AREF | $2,389,491 | $2,389,491 | $2,389,491 | ||||
Property | 2.13 | Towne Center Square | 0.3% | AREF | AREF | $2,190,115 | $2,190,115 | $2,190,115 | ||||
Property | 2.14 | Camarillo | 0.2% | AREF | AREF | $1,506,628 | $1,506,628 | $1,506,628 | ||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | 9.3% | MSBNA | MSMCH | $64,180,000 | $64,040,178 | $53,224,175 | $181,416.94 | Acquisition | Driftwood Acquisition & Development L.P. |
Loan | 5 | 4 | ILPT Hawaii Portfolio | 5.8% | MSBNA | MSMCH | $40,000,000 | $40,000,000 | $40,000,000 | $67.77 | Recapitalization | Industrial Logistics Properties Trust |
Loan | 5, 12 | 5 | Tower 28 | 4.4% | MSBNA | MSMCH | $30,000,000 | $30,000,000 | $25,868,889 | $248,888.89 | Refinance | Heatherwood Luxury Rentals |
Loan | 9, 14 | 6 | Doubletree Modesto | 4.4% | CCRE | CCRE | $30,000,000 | $30,000,000 | $30,000,000 | $115,384.62 | Refinance | Westmont Investments, LLC |
Loan | 5, 15 | 7 | FedEx Niles | 4.4% | MSBNA | MSMCH | $30,000,000 | $30,000,000 | $30,000,000 | $147.99 | Acquisition | N/A |
Loan | 8 | 8 | Lake Meadows Shopping Center | 3.8% | MSBNA | MSMCH | $25,900,000 | $25,900,000 | $25,900,000 | $146.66 | Refinance | Lake Meadows Associates |
Loan | 8, 16 | 9 | Shoppes at Fox River | 3.2% | SMC | SMC | $22,000,000 | $21,885,338 | $16,203,694 | $66.01 | Acquisition | Harold J. Etkin; Johanne S. Etkin Finley |
Loan | 10 | Columbia Corporate Center | 3.0% | AREF | AREF | $20,500,000 | $20,500,000 | $20,500,000 | $128.88 | Refinance | Seryl Kushner | |
Loan | 5, 17 | 11 | The Block Northway | 2.8% | UBS AG | MSMCH | $19,000,000 | $19,000,000 | $17,463,323 | $237.02 | Refinance | Lawrence B. Levey; Lawrence B. Levey Trust (First Restatement) |
Loan | 5 | 12 | 65 Broadway | 2.3% | CCRE | CCRE | $15,500,000 | $15,500,000 | $15,500,000 | $156.24 | Refinance | Meyer Chetrit; Robert Wolf |
Loan | 13 | Avalon at Seven Hills | 2.3% | MSBNA | MSMCH | $15,500,000 | $15,500,000 | $15,500,000 | $82,446.81 | Refinance | WTI, Inc. | |
Loan | 5 | 14 | AC by Marriott San Jose | 2.2% | CCRE | CCRE | $15,000,000 | $15,000,000 | $15,000,000 | $285,714.29 | Acquisition | Allan V. Rose |
Loan | 5 | 15 | Westin Atlanta Airport | 2.2% | MSBNA | MSMCH | $15,000,000 | $14,963,196 | $12,207,679 | $120,703.11 | Refinance | Columbia Sussex Corporation |
Loan | 16 | Storage Xxtra Highway 85 | 2.2% | SMC | SMC | $15,000,000 | $14,928,861 | $12,402,355 | $75.93 | Refinance | Fred D. Rickman, Jr.; Tracy E.D. Spencer | |
Loan | 17 | Olive Branch Commons | 2.0% | MSBNA | MSMCH | $13,500,000 | $13,500,000 | $11,529,310 | $103.10 | Refinance | Michael D. Starcher; James Nix, Jr. | |
Loan | 18 | Fayetteville Commons | 1.9% | MSBNA | MSMCH | $12,750,000 | $12,750,000 | $10,942,550 | $100.53 | Acquisition | James J. Morrison, Jr. | |
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | 1.8% | CCRE | CCRE | $12,500,000 | $12,500,000 | $12,500,000 | $81.30 | Refinance | Barry Friedman; Benjamin Schlossberg |
Property | 19.01 | White Clay Office Park | 1.2% | CCRE | CCRE | $8,227,273 | $8,227,273 | $8,227,273 | ||||
Property | 19.02 | University Office Plaza | 0.6% | CCRE | CCRE | $4,272,727 | $4,272,727 | $4,272,727 | ||||
Loan | 9, 18 | 20 | 5880 Nolensville | 1.6% | SMC | SMC | $11,100,000 | $11,100,000 | $11,100,000 | $124.78 | Acquisition | FDS Guarantor, LLC; Jeffrey Toporek; Richard Mann; David Stade; Claiborne Williams; Joseph Delogu; David Alperstein; Andrew Schwartzman |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | 1.6% | AREF | AREF | $11,000,000 | $10,965,026 | $8,281,833 | $101,528.02 | Refinance | Sharan K. Erhart | |
Loan | 5 | 22 | 3 Columbus Circle | 1.5% | JPMCB | CCRE | $10,000,000 | $10,000,000 | $10,000,000 | $650.11 | Refinance | Joseph Moinian |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | 1.4% | SMC | SMC | $9,500,000 | $9,478,125 | $7,811,392 | $93,842.83 | Refinance | Philip A. McCrae |
Loan | 12 | 24 | 3425 Gates Place | 1.3% | MSBNA | MSMCH | $9,000,000 | $9,000,000 | $9,000,000 | $145,161.29 | Refinance | Ryan Morgan |
Loan | 25 | Country Club on Legacy | 1.3% | SMC | SMC | $9,000,000 | $9,000,000 | $7,813,520 | $173.36 | Acquisition | Sridhar Venkatesan | |
Loan | 26 | Aquataina Wescott | 1.2% | MSBNA | MSMCH | $8,000,000 | $8,000,000 | $7,372,469 | $311.20 | Refinance | H. Blake Tartt III | |
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | 0.8% | SMC | SMC | $5,700,000 | $5,700,000 | $4,787,996 | $178.39 | Refinance | Jon A. Carlson; Chet Czaplicka |
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | 0.6% | SMC | SMC | $4,017,621 | $4,017,621 | $3,374,799 | ||||
Property | 27.02 | 400 West Front Street I | 0.2% | SMC | SMC | $1,682,379 | $1,682,379 | $1,413,197 | ||||
Loan | 11 | 28 | 400 West Front Street II | 0.3% | SMC | SMC | $2,100,000 | $2,100,000 | $1,766,073 | $178.39 | Refinance | Jon A. Carlson; Greg Lobdell; Chet Czaplicka |
Loan | 29 | Midland Center | 1.1% | CCRE | CCRE | $7,250,000 | $7,242,332 | $5,979,982 | $132.71 | Recapitalization | Tolis Advisors, LP | |
Loan | 6, 9 | 30 | Pangea 23 | 1.0% | SMC | SMC | $6,900,000 | $6,900,000 | $6,900,000 | $48,251.75 | Recapitalization | Pangea Properties |
Property | 30.01 | 5100-5104 West Madison Street | 0.2% | SMC | SMC | $1,073,710 | $1,073,710 | $1,073,710 | ||||
Property | 30.02 | 7406 South Perry Avenue | 0.1% | SMC | SMC | $861,794 | $861,794 | $861,794 | ||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | 0.1% | SMC | SMC | $819,410 | $819,410 | $819,410 | ||||
Property | 30.04 | 1121-1125 West 127th Street | 0.1% | SMC | SMC | $762,899 | $762,899 | $762,899 | ||||
Property | 30.05 | 5100-5104 West Monroe Street | 0.1% | SMC | SMC | $734,644 | $734,644 | $734,644 | ||||
Property | 30.06 | 6921-6925 South Cornell Avenue | 0.1% | SMC | SMC | $706,388 | $706,388 | $706,388 | ||||
Property | 30.07 | 5036-5044 West Quincy Street | 0.1% | SMC | SMC | $579,238 | $579,238 | $579,238 | ||||
Property | 30.08 | 1630 South Sawyer Avenue | 0.1% | SMC | SMC | $508,600 | $508,600 | $508,600 | ||||
Property | 30.09 | 7812-7814 South Emerald Avenue | 0.1% | SMC | SMC | $452,088 | $452,088 | $452,088 | ||||
Property | 30.10 | 2704-2710 East 83rd Street | 0.1% | SMC | SMC | $401,229 | $401,229 | $401,229 | ||||
Loan | 20 | 31 | 856 Greene Avenue | 0.9% | CCRE | CCRE | $6,200,000 | $6,200,000 | $6,200,000 | $620,000.00 | Refinance | Rachael Wagschal |
Loan | 32 | Hampton Inn Milledgeville | 0.9% | SMC | SMC | $6,125,000 | $6,117,943 | $4,990,752 | $81,572.57 | Refinance | Marmik Patel; Sandesh Patel | |
Loan | 7, 8, 12 | 33 | Serene Plaza | 0.9% | AREF | AREF | $5,975,000 | $5,975,000 | $5,624,037 | $87.92 | Refinance | Murtuza Ghouse; Mujahid Anwar |
Loan | 34 | Lake Jackson Center | 0.9% | SMC | SMC | $5,850,000 | $5,850,000 | $5,077,850 | $169.25 | Refinance | Todd A. Carlson; Stephen J. Pheigaru | |
Loan | 35 | Parkwood Village | 0.7% | CCRE | CCRE | $5,000,000 | $5,000,000 | $4,410,117 | $37,037.04 | Refinance | Shimon Verschleisser | |
Loan | 12 | 36 | Coral Ridge Office | 0.7% | SMC | SMC | $5,000,000 | $5,000,000 | $5,000,000 | $180.06 | Refinance | Jeffrey B. Chauncey |
Loan | 37 | Autumn Grove Plaza | 0.7% | MSBNA | MSMCH | $4,875,000 | $4,863,611 | $3,999,301 | $169.11 | Refinance | Next Realty Fund VIII, L.P. | |
Loan | 38 | River Mall Plaza | 0.7% | AREF | AREF | $4,752,000 | $4,752,000 | $4,189,478 | $28.86 | Acquisition | Robert Gershon | |
Loan | 39 | White Building | 0.7% | AREF | AREF | $4,600,000 | $4,600,000 | $4,600,000 | $385.39 | Refinance | Paragon Real Estate Fund, LLC | |
Loan | 40 | 400 Karin Lane | 0.7% | MSBNA | MSMCH | $4,550,000 | $4,545,289 | $3,763,855 | $113.37 | Acquisition | Hasib Mikael Sarij; Wahid Jibreel Sarij | |
Loan | 9 | 41 | Rockingham Square | 0.6% | MSBNA | MSMCH | $4,000,000 | $4,000,000 | $3,567,719 | $71.61 | Refinance | George W. Stewart, IV |
Loan | 42 | Robin Springs | 0.6% | AREF | AREF | $3,975,000 | $3,975,000 | $3,512,239 | $33,125.00 | Acquisition | Azi Mandel; Adam Mermelstein | |
Loan | 43 | Greenfield Towne Center II | 0.5% | MSBNA | MSMCH | $3,415,000 | $3,407,039 | $2,802,481 | $105.89 | Refinance | Next Realty Fund VIII, L.P. | |
Loan | 44 | Kachina Self Storage | 0.4% | MSBNA | MSMCH | $3,000,000 | $3,000,000 | $3,000,000 | $78.83 | Refinance | Erik Hemingway; Rachel Hemingway | |
Loan | 45 | Swifts MHP | 0.3% | MSBNA | MSMCH | $2,358,820 | $2,358,820 | $2,085,022 | $27,112.87 | Refinance | David M. Ruby | |
Loan | 46 | Beach Crossing | 0.3% | MSBNA | MSMCH | $1,950,000 | $1,950,000 | $1,647,260 | $42.59 | Refinance | Big V Property Group |
A-1-1
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Non-Recourse Carveout Guarantor | No. of Properties | General Property Type | Detailed Property Type | Title Type | Ground Lease Initial Lease Expiration Date | Hotel Franchise Agreement Expiration Date | |
Loan | 5 | 1 | 9201 West Sunset Boulevard | The Daniel Mani Family Trust; The Simon Mani Family Trust; Daniel Mani; Simon Mani | 1 | Office | Medical | Fee | N/A | N/A | |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | Mark Gabay | 14 | ||||||
Property | 2.01 | The Springs | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.02 | Summerwood | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.03 | Food 4 Less – Target Center | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.04 | El Super Center | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.05 | Island Plaza | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.06 | Baldwin Park Promenade | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.07 | Lynwood Plaza | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.08 | El Cajon (CVS) | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.09 | Loma Vista | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.10 | MLK Medical | Office | Suburban | Fee | N/A | N/A | ||||
Property | 2.11 | Hawthorne Plaza | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.12 | Five Points Plaza | Retail | Anchored | Fee | N/A | N/A | ||||
Property | 2.13 | Towne Center Square | Retail | Shadow Anchored | Fee | N/A | N/A | ||||
Property | 2.14 | Camarillo | Retail | Shadow Anchored | Fee | N/A | N/A | ||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | Driftwood Acquisition & Development L.P. | 1 | Hospitality | Full Service | Fee | N/A | 3/18/2039 | |
Loan | 5 | 4 | ILPT Hawaii Portfolio | Industrial Logistics Properties Trust | 186 | Various | Various | Fee | N/A | N/A | |
Loan | 5, 12 | 5 | Tower 28 | Douglas S. Partrick | 1 | Multifamily | High Rise | Fee | N/A | N/A | |
Loan | 9, 14 | 6 | Doubletree Modesto | WHI Investments, LLC | 1 | Hospitality | Full Service | Fee | N/A | 12/31/2021 | |
Loan | 5, 15 | 7 | FedEx Niles | N/A | 1 | Industrial | Warehouse Distribution | Fee | N/A | N/A | |
Loan | 8 | 8 | Lake Meadows Shopping Center | Lake Meadows Associates | 1 | Retail | Anchored | Fee | N/A | N/A | |
Loan | 8, 16 | 9 | Shoppes at Fox River | Harold J. Etkin; Johanne S. Etkin Finley | 1 | Retail | Anchored | Fee | N/A | N/A | |
Loan | 10 | Columbia Corporate Center | Seryl Kushner | 1 | Office | Suburban | Fee | N/A | N/A | ||
Loan | 5, 17 | 11 | The Block Northway | Lawrence B. Levey; Lawrence B. Levey Trust (First Restatement) | 1 | Retail | Anchored | Fee | N/A | N/A | |
Loan | 5 | 12 | 65 Broadway | Meyer Chetrit; Robert Wolf | 1 | Office | CBD | Fee | N/A | N/A | |
Loan | 13 | Avalon at Seven Hills | WTI, Inc. | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 5 | 14 | AC by Marriott San Jose | Allan V. Rose | 1 | Hospitality | Select Service | Fee | N/A | 1/31/2047 | |
Loan | 5 | 15 | Westin Atlanta Airport | CSC Holdings, LLC | 1 | Hospitality | Full Service | Fee | N/A | 3/31/2037 | |
Loan | 16 | Storage Xxtra Highway 85 | Fred D. Rickman, Jr.; Tracy E.D. Spencer | 1 | Mixed Use | Self Storage & Office | Fee | N/A | N/A | ||
Loan | 17 | Olive Branch Commons | Michael D. Starcher; James Nix, Jr. | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 18 | Fayetteville Commons | James J. Morrison, Jr. | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | Barry Friedman; Benjamin Schlossberg | 2 | ||||||
Property | 19.01 | White Clay Office Park | Office | Suburban | Fee | N/A | N/A | ||||
Property | 19.02 | University Office Plaza | Office | Suburban | Fee | N/A | N/A | ||||
Loan | 9, 18 | 20 | 5880 Nolensville | FDS Guarantor, LLC; Jeffrey Toporek; Richard Mann; David Stade; Claiborne Williams; Joseph Delogu; David Alperstein; Andrew Schwartzman | 1 | Office | Single Tenant | Fee | N/A | N/A | |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | Sharan K. Erhart | 1 | Hospitality | Limited Service | Fee | N/A | 5/11/2037 | ||
Loan | 5 | 22 | 3 Columbus Circle | Joseph Moinian | 1 | Office | CBD | Fee | N/A | N/A | |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | Philip A. McCrae | 1 | Hospitality | Limited Service | Fee | N/A | 8/15/2037 | |
Loan | 12 | 24 | 3425 Gates Place | Ryan Morgan | 1 | Multifamily | Mid Rise | Fee | N/A | N/A | |
Loan | 25 | Country Club on Legacy | Sridhar Venkatesan | 1 | Mixed Use | Office & Retail | Fee | N/A | N/A | ||
Loan | 26 | Aquataina Wescott | H. Blake Tartt III | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | Jon A. Carlson; Chet Czaplicka | 2 | ||||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | Mixed Use | Retail, Office & Multifamily | Fee | N/A | N/A | ||||
Property | 27.02 | 400 West Front Street I | Retail | Unanchored | Fee | N/A | N/A | ||||
Loan | 11 | 28 | 400 West Front Street II | Jon A. Carlson; Greg Lobdell; Chet Czaplicka | 1 | Mixed Use | Office & Retail | Fee | N/A | N/A | |
Loan | 29 | Midland Center | Tolis Investment Strategies Master Fund Ltd. | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 6, 9 | 30 | Pangea 23 | Pangea Properties | 10 | ||||||
Property | 30.01 | 5100-5104 West Madison Street | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.02 | 7406 South Perry Avenue | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | Multifamily | Mid Rise | Fee | N/A | N/A | ||||
Property | 30.04 | 1121-1125 West 127th Street | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.05 | 5100-5104 West Monroe Street | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.06 | 6921-6925 South Cornell Avenue | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.07 | 5036-5044 West Quincy Street | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.08 | 1630 South Sawyer Avenue | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.09 | 7812-7814 South Emerald Avenue | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 30.10 | 2704-2710 East 83rd Street | Multifamily | Garden | Fee | N/A | N/A | ||||
Loan | 20 | 31 | 856 Greene Avenue | Rachael Wagschal; Moses Singer | 1 | Multifamily | Mid Rise | Fee | N/A | N/A | |
Loan | 32 | Hampton Inn Milledgeville | Marmik Patel; Sandesh Patel | 1 | Hospitality | Limited Service | Fee | N/A | 9/30/2034 | ||
Loan | 7, 8, 12 | 33 | Serene Plaza | Murtuza Ghouse; Mujahid Anwar | 1 | Office | Suburban | Fee | N/A | N/A | |
Loan | 34 | Lake Jackson Center | Todd A. Carlson; Stephen J. Pheigaru | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 35 | Parkwood Village | Shimon Verschleisser | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 12 | 36 | Coral Ridge Office | Jeffrey B. Chauncey | 1 | Office | Suburban | Fee | N/A | N/A | |
Loan | 37 | Autumn Grove Plaza | Next Realty Fund VIII, LP | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 38 | River Mall Plaza | Robert Gershon | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 39 | White Building | Paragon Real Estate Fund, LLC | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 40 | 400 Karin Lane | Hasib Mikael Sarij; Wahid Jibreel Sarij | 1 | Industrial | Flex | Fee | N/A | N/A | ||
Loan | 9 | 41 | Rockingham Square | George W. Stewart, IV | 1 | Retail | Anchored | Fee | N/A | N/A | |
Loan | 42 | Robin Springs | Azi Mandel; Adam Mermelstein | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 43 | Greenfield Towne Center II | Next Realty Fund VIII, LP | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 44 | Kachina Self Storage | Erik John Hemingway; Erik John Hemingway, As Trustee of the Erik and Rachel Hemingway Family Revocable Living Trust, Dated: September 20, 2005 | 1 | Self Storage | Self Storage | Fee | N/A | N/A | ||
Loan | 45 | Swifts MHP | David M. Ruby | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | N/A | N/A | ||
Loan | 46 | Beach Crossing | Michael Rosenberg; Jason Nidiffer; Jeffrey Rosenberg | 1 | Retail | Unanchored | Fee | N/A | N/A |
A-1-2
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Address | City | County | State | Zip Code | Year Built | Year Renovated | Size | Units of Measure | Occupancy Rate(2) | Occupancy Rate As-of Date | Appraised Value | Appraised Value As-of Date | Mortgage Rate | |
Loan | 5 | 1 | 9201 West Sunset Boulevard | 9201 West Sunset Boulevard | West Hollywood | Los Angeles | CA | 90069 | 1963 | 2012 | 166,599 | SF | 92.8% | 3/31/2019 | $209,000,000 | 2/12/2019 | 4.4450% | |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | 1,481,231 | SF | 99.0% | $413,250,000 | 4.0590% | ||||||||||
Property | 2.01 | The Springs | 5200 Ramon Road | Palm Springs | Riverside | CA | 92264 | 2008 | 2015 | 397,718 | SF | 98.4% | 3/1/2019 | $87,000,000 | 3/1/2019 | |||
Property | 2.02 | Summerwood | 4124-4267 Woodruff Avenue | Lakewood | Los Angeles | CA | 90713 | 1968 | 2011 | 178,770 | SF | 100.0% | 3/1/2019 | $58,000,000 | 3/1/2019 | |||
Property | 2.03 | Food 4 Less – Target Center | 6700, 6730 & 6750 Cherry Avenue | Long Beach | Los Angeles | CA | 90805 | 1993, 2007 | N/A | 196,436 | SF | 100.0% | 3/1/2019 | $45,000,000 | 3/1/2019 | |||
Property | 2.04 | El Super Center | 1251-1289 North Hacienda Boulevard | La Puente | Los Angeles | CA | 91744 | 2012, 2014 | N/A | 117,230 | SF | 100.0% | 3/1/2019 | $40,000,000 | 3/1/2019 | |||
Property | 2.05 | Island Plaza | 1512-1524 East Amar Road and 2500-2548 South Azusa Avenue | West Covina | Los Angeles | CA | 91792 | 1967, 1968, 1980, 1995 | N/A | 77,772 | SF | 100.0% | 3/1/2019 | $30,500,000 | 3/1/2019 | |||
Property | 2.06 | Baldwin Park Promenade | 3111-3151 Baldwin Park | Baldwin Park | Los Angeles | CA | 91706 | 2006, 2007 | N/A | 49,906 | SF | 100.0% | 3/1/2019 | $23,700,000 | 3/1/2019 | |||
Property | 2.07 | Lynwood Plaza | 10821 Long Beach Boulevard and 3157 Pluma Street | Lynwood | Los Angeles | CA | 90262 | 2003 | N/A | 75,245 | SF | 96.0% | 3/1/2019 | $23,500,000 | 3/1/2019 | |||
Property | 2.08 | El Cajon (CVS) | 426-450 East Chase Avenue | El Cajon | San Diego | CA | 92020 | 2005 | N/A | 29,986 | SF | 100.0% | 3/1/2019 | $15,500,000 | 3/1/2019 | |||
Property | 2.09 | Loma Vista | 16055-16075 Foothill Boulevard | Fontana | San Bernardino | CA | 92335 | 1990 | N/A | 97,547 | SF | 99.2% | 3/1/2019 | $17,000,000 | 3/1/2019 | |||
Property | 2.10 | MLK Medical | 3820-3840 Martin Luther King Jr. Boulevard | Lynwood | Los Angeles | CA | 90262 | 1958 | 2005 | 32,500 | SF | 100.0% | 3/1/2019 | $15,200,000 | 3/1/2019 | |||
Property | 2.11 | Hawthorne Plaza | 14401-14441 Inglewood Avenue | Hawthorne | Los Angeles | CA | 90250 | 1978 | N/A | 70,750 | SF | 100.0% | 3/1/2019 | $17,500,000 | 3/1/2019 | |||
Property | 2.12 | Five Points Plaza | 505-515 and 523-595 South Riverside Avenue | Rialto | San Bernardino | CA | 92376 | 1985-1986 | N/A | 89,537 | SF | 95.6% | 3/1/2019 | $17,100,000 | 3/1/2019 | |||
Property | 2.13 | Towne Center Square | 11098 Foothill Boulevard | Rancho Cucamonga | San Bernardino | CA | 91730 | 1995 | N/A | 57,510 | SF | 100.0% | 3/1/2019 | $14,600,000 | 3/1/2019 | |||
Property | 2.14 | Camarillo | 660 East Ventura | Camarillo | Ventura | CA | 93010 | 2014 | N/A | 10,324 | SF | 100.0% | 3/1/2019 | $8,650,000 | 3/1/2019 | |||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | 8757 Rio San Diego Drive | San Diego | San Diego | CA | 92108 | 1988 | 2017 | 353 | Rooms | 87.7% | 2/28/2019 | $91,625,000 | 1/16/2019 | 5.1950% | |
Loan | 5 | 4 | ILPT Hawaii Portfolio | Various | Honolulu | Honolulu | HI | Various | Various | N/A | 9,591,512 | SF | 100.0% | 12/13/2018 | $1,439,117,000 | Various | 4.3100% | |
Loan | 5, 12 | 5 | Tower 28 | 42-12 28th Street | Long Island City | Queens | NY | 11101 | 2018 | N/A | 450 | Units | 93.6% | 2/25/2019 | $335,000,000 | 1/10/2019 | 3.7842% | |
Loan | 9, 14 | 6 | Doubletree Modesto | 1150 9th Street | Modesto | Stanislaus | CA | 95354 | 1989 | 2013 | 260 | Rooms | 78.0% | 2/28/2019 | $58,000,000 | 4/1/2019 | 4.3900% | |
Loan | 5, 15 | 7 | FedEx Niles | 5959 West Howard Street | Niles | Cook | IL | 60714 | 2015 | N/A | 314,202 | SF | 100.0% | 6/1/2019 | $85,000,000 | 3/21/2019 | 4.2320% | |
Loan | 8 | 8 | Lake Meadows Shopping Center | 443 East 34th Street; 3355, 3349-3405, 3365-3367, 3457, 3429-3473, 3469-3481 South Dr. Martin Luther King Junior Drive | Chicago | Cook | IL | 60616 | 1954 | 2013, 2017 | 176,594 | SF | 89.0% | 1/1/2019 | $40,600,000 | 1/16/2019 | 4.4800% | |
Loan | 8, 16 | 9 | Shoppes at Fox River | 1110, 1160, 1166, 1170, 1180, 1190, 1200, 1210, 1240 and 1220-1230 West Sunset Drive | Waukesha | Waukesha | WI | 53189 | 2009, 2012, 2014, 2016 | N/A | 331,541 | SF | 97.4% | 3/1/2019 | $57,400,000 | 1/7/2019 | 4.4800% | |
Loan | 10 | Columbia Corporate Center | 18 Columbia Turnpike | Florham Park | Morris | NJ | 07932 | 2001 | N/A | 159,058 | SF | 94.1% | 2/28/2019 | $38,100,000 | 3/1/2019 | 4.3750% | ||
Loan | 5, 17 | 11 | The Block Northway | 6210-6300 Northway Drive and 8003-8033 McKnight Road | Pittsburgh | Allegheny | PA | 15237 | 1958 | 2018 | 354,400 | SF | 92.6% | 2/14/2019 | $122,500,000 | 10/18/2018 | 4.6495% | |
Loan | 5 | 12 | 65 Broadway | 65 Broadway | New York | New York | NY | 10006 | 1914-1917 | 1978, 2008, 2015-2018 | 355,217 | SF | 98.7% | 4/1/2019 | $215,000,000 | 3/11/2019 | 4.9350% | |
Loan | 13 | Avalon at Seven Hills | 2900 Sunridge Heights Parkway | Henderson | Clark | NV | 89052 | 1999 | 2018 | 188 | Units | 92.6% | 3/11/2019 | $29,800,000 | 2/14/2019 | 4.2480% | ||
Loan | 5 | 14 | AC by Marriott San Jose | 350 West Santa Clara Street | San Jose | Santa Clara | CA | 95113 | 2016 | N/A | 210 | Rooms | 80.7% | 2/28/2019 | $100,500,000 | 3/1/2019 | 4.9300% | |
Loan | 5 | 15 | Westin Atlanta Airport | 4736 Best Road | College Park | Clayton | GA | 30337 | 1982 | 2008 | 500 | Rooms | 86.0% | 3/31/2019 | $87,500,000 | 3/1/2019 | 4.6200% | |
Loan | 16 | Storage Xxtra Highway 85 | 1572 Highway 85 North | Fayetteville | Fayette | GA | 30214 | 2006, 2014, 2016 | N/A | 196,610 | SF | 85.9% | 12/31/2018 | $24,000,000 | 1/7/2019 | 5.1100% | ||
Loan | 17 | Olive Branch Commons | 5075, 5115 and 5135 Goodman Road | Olive Branch | DeSoto | MS | 38654 | 2015 | N/A | 130,943 | SF | 100.0% | 4/8/2019 | $19,000,000 | 3/19/2019 | 5.3300% | ||
Loan | 18 | Fayetteville Commons | 2100, 2102 and 2132 Skibo Road | Fayetteville | Cumberland | NC | 28314 | 2016 | N/A | 126,833 | SF | 100.0% | 3/12/2019 | $17,000,000 | 3/6/2019 | 4.6000% | ||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | 676,538 | SF | 93.2% | $93,700,000 | 5.5780% | ||||||||||
Property | 19.01 | White Clay Office Park | 100-700 White Clay Center Drive | Newark | New Castle | DE | 19711 | 1983-1987 | N/A | 492,298 | SF | 95.2% | 11/5/2018 | $61,200,000 | 10/12/2018 | |||
Property | 19.02 | University Office Plaza | 256 Chapman Road, 258 Chapman Road and 260-263 Chapman Road | Newark | New Castle | DE | 19702 | 1971-1983 | N/A | 184,240 | SF | 87.8% | 11/5/2018 | $32,500,000 | 10/12/2018 | |||
Loan | 9, 18 | 20 | 5880 Nolensville | 5880 Nolensville Pike | Nashville | Davidson | TN | 37211 | 1989 | 2013-2014 | 88,958 | SF | 100.0% | 6/6/2019 | $17,500,000 | 12/20/2018 | 4.6470% | |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | 1120 Ledsome Lane | Cary | Wake | NC | 27511 | 2017 | N/A | 108 | Rooms | 80.2% | 3/31/2019 | $16,400,000 | 1/21/2019 | 5.0900% | ||
Loan | 5 | 22 | 3 Columbus Circle | 3 Columbus Circle | New York | New York | NY | 10019 | 1927 | 2010-2013 | 753,713 | SF | 97.2% | 1/1/2019 | $1,080,000,000 | 1/1/2019 | 3.9140% | |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | 6435 50th Street | Lubbock | Lubbock | TX | 79407 | 2017 | N/A | 101 | Rooms | 79.6% | 2/28/2019 | $15,900,000 | 3/1/2019 | 4.9300% | |
Loan | 12 | 24 | 3425 Gates Place | 3425 Gates Place | Bronx | Bronx | NY | 10467 | 1931 | N/A | 62 | Units | 100.0% | 4/30/2019 | $14,000,000 | 1/17/2019 | 4.5980% | |
Loan | 25 | Country Club on Legacy | 1701 Legacy Drive | Frisco | Collin | TX | 75034 | 2001 | N/A | 51,916 | SF | 98.3% | 4/1/2019 | $13,200,000 | 2/11/2019 | 5.0500% | ||
Loan | 26 | Aquataina Wescott | 1912-1914 and 1918 Wescott Avenue | Sugar Land | Fort Bend | TX | 77479 | 2018 | N/A | 25,707 | SF | 95.7% | 4/23/2019 | $12,230,000 | 2/13/2019 | 4.8500% | ||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | 27,500 | SF | 100.0% | $9,080,000 | 4.7500% | ||||||||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | 112-120 West Washington and 117 South Ashley Street | Ann Arbor | Washtenaw | MI | 48104 | 1901 | 2006 | 18,500 | SF | 100.0% | 4/1/2019 | $6,400,000 | 3/2/2019 | |||
Property | 27.02 | 400 West Front Street I | 400 West Front Street | Traverse City | Grand Traverse | MI | 49684 | 1904 | 2003 | 9,000 | SF | 100.0% | 6/6/2019 | $2,680,000 | 3/2/2019 | |||
Loan | 11 | 28 | 400 West Front Street II | 400 West Front Street | Traverse City | Grand Traverse | MI | 49684 | 1904 | 2003 | 16,225 | SF | 100.0% | 4/1/2019 | $3,400,000 | 3/2/2019 | 4.7900% | |
Loan | 29 | Midland Center | 3301-3323 Northwest Expressway | Oklahoma City | Oklahoma | OK | 73112 | 1961-2005 | 2008 | 54,573 | SF | 93.6% | 4/5/2019 | $9,700,000 | 2/12/2019 | 5.0200% | ||
Loan | 6, 9 | 30 | Pangea 23 | 143 | Units | 97.2% | $12,210,000 | 4.4000% | ||||||||||
Property | 30.01 | 5100-5104 West Madison Street | 5100-5104 West Madison Street | Chicago | Cook | IL | 60644 | 1928 | 2018 | 18 | Units | 94.4% | 3/31/2019 | $1,900,000 | 2/19/2019 | |||
Property | 30.02 | 7406 South Perry Avenue | 7406 South Perry Avenue | Chicago | Cook | IL | 60621 | 1930 | 2018 | 18 | Units | 100.0% | 3/31/2019 | $1,525,000 | 2/19/2019 | |||
Property | 30.03 | 4653-4659 West Jackson Boulevard | 4653-4659 West Jackson Boulevard | Chicago | Cook | IL | 60644 | 1931 | 2018 | 16 | Units | 100.0% | 3/31/2019 | $1,450,000 | 2/19/2019 | |||
Property | 30.04 | 1121-1125 West 127th Street | 1121-1125 West 127th Street | Calumet Park | Cook | IL | 60827 | 1951 | 2018 | 17 | Units | 100.0% | 3/31/2019 | $1,350,000 | 2/19/2019 | |||
Property | 30.05 | 5100-5104 West Monroe Street | 5100-5104 West Monroe Street | Chicago | Cook | IL | 60644 | 1929 | 2018 | 15 | Units | 93.3% | 3/31/2019 | $1,300,000 | 2/19/2019 | |||
Property | 30.06 | 6921-6925 South Cornell Avenue | 6921-6925 South Cornell Avenue | Chicago | Cook | IL | 60649 | 1953 | 2018 | 12 | Units | 100.0% | 3/31/2019 | $1,250,000 | 2/19/2019 | |||
Property | 30.07 | 5036-5044 West Quincy Street | 5036-5044 West Quincy Street | Chicago | Cook | IL | 60644 | 1930 | 2018 | 13 | Units | 92.3% | 3/31/2019 | $1,025,000 | 2/19/2019 | |||
Property | 30.08 | 1630 South Sawyer Avenue | 1630 South Sawyer Avenue | Chicago | Cook | IL | 60623 | 1931 | 2018 | 9 | Units | 100.0% | 3/31/2019 | $900,000 | 2/19/2019 | |||
Property | 30.09 | 7812-7814 South Emerald Avenue | 7812-7814 South Emerald Avenue | Chicago | Cook | IL | 60620 | 1928 | 2018 | 12 | Units | 91.7% | 3/31/2019 | $800,000 | 2/19/2019 | |||
Property | 30.10 | 2704-2710 East 83rd Street | 2704-2710 East 83rd Street | Chicago | Cook | IL | 60617 | 1951 | 2018 | 13 | Units | 100.0% | 3/31/2019 | $710,000 | 2/19/2019 | |||
Loan | 20 | 31 | 856 Greene Avenue | 856 Greene Avenue | Brooklyn | Kings | NY | 11221 | 1931 | 2018 | 10 | Units | 100.0% | 3/26/2019 | $8,800,000 | 2/18/2019 | 5.1500% | |
Loan | 32 | Hampton Inn Milledgeville | 2461 North Columbia Street | Milledgeville | Baldwin | GA | 31061 | 1999 | 2016 | 75 | Rooms | 67.2% | 2/28/2019 | $11,300,000 | 3/12/2019 | 4.6500% | ||
Loan | 7, 8, 12 | 33 | Serene Plaza | 811 South Central Expressway | Richardson | Dallas | TX | 75080 | 1962 | N/A | 67,959 | SF | 87.3% | 2/26/2019 | $8,000,000 | 12/12/2018 | 5.7500% | |
Loan | 34 | Lake Jackson Center | 201 Highway 332 West | Lake Jackson | Brazoria | TX | 77566 | 2006 | N/A | 34,564 | SF | 100.0% | 3/1/2019 | $8,600,000 | 3/5/2019 | 5.0500% | ||
Loan | 35 | Parkwood Village | 6804 Parkway Drive | Douglasville | Douglas | GA | 30135 | 1986 | N/A | 135 | Units | 95.6% | 1/31/2019 | $9,100,000 | 2/8/2019 | 4.7500% | ||
Loan | 12 | 36 | Coral Ridge Office | 807-833 Coral Ridge Drive | Coral Springs | Broward | FL | 33071 | 2005 | N/A | 27,769 | SF | 100.0% | 4/1/2019 | $7,600,000 | 10/1/2019 | 4.8500% | |
Loan | 37 | Autumn Grove Plaza | 12850, 12862-12960, 12900-12960 West Bluemound Road | Elm Grove | Waukesha | WI | 53122 | 2005 | N/A | 28,760 | SF | 93.0% | 2/14/2019 | $6,610,000 | 1/3/2019 | 4.8600% | ||
Loan | 38 | River Mall Plaza | 2265 Downer Street Road | Baldwinsville | Onondaga | NY | 13027 | 1971, 1984, 1998, 2003 | N/A | 164,661 | SF | 90.5% | 4/24/2019 | $7,390,000 | 2/19/2019 | 4.7300% | ||
Loan | 39 | White Building | 105 South 12th Street | Philadelphia | Philadelphia | PA | 19107 | 1867 | 2006 | 11,936 | SF | 91.6% | 4/1/2019 | $8,900,000 | 4/30/2019 | 4.7450% | ||
Loan | 40 | 400 Karin Lane | 400 Karin Lane | Hicksville | Nassau | NY | 11801 | 1981 | N/A | 40,091 | SF | 100.0% | 6/1/2019 | $6,800,000 | 12/21/2018 | 5.1100% | ||
Loan | 9 | 41 | Rockingham Square | 1761 South High Street | Harrisonburg | Harrisonburg City | VA | 22801 | 1984 | 2007 | 55,857 | SF | 96.5% | 1/31/2019 | $6,100,000 | 1/25/2019 | 5.2600% | |
Loan | 42 | Robin Springs | 6930 Lefferson Road | Middletown | Butler | OH | 45044 | 1972 | 1985, 2004-2005 | 120 | Units | 96.7% | 11/30/2018 | $6,000,000 | 12/28/2018 | 4.8300% | ||
Loan | 43 | Greenfield Towne Center II | 6100-6196 West Layton Avenue | Greenfield | Milwaukee | WI | 53220 | 1995 | N/A | 32,174 | SF | 100.0% | 2/14/2019 | $4,670,000 | 1/3/2019 | 4.8700% | ||
Loan | 44 | Kachina Self Storage | 171 South State Route 69 | Dewey | Yavapai | AZ | 86327 | 2005 | N/A | 38,055 | SF | 91.7% | 12/31/2018 | $4,770,000 | 2/11/2019 | 5.1000% | ||
Loan | 45 | Swifts MHP | 1846 North Powell Drive | North Fort Myers | Lee | FL | 33917 | 1949 | N/A | 87 | Pads | 97.7% | 3/11/2019 | $3,400,000 | 2/1/2019 | 4.8400% | ||
Loan | 46 | Beach Crossing | 1350-1380 3rd Avenue South | Myrtle Beach | Horry | SC | 29577 | 1984 | 2013 | 45,790 | SF | 100.0% | 3/1/2019 | $2,600,000 | 11/15/2018 | 4.9500% |
A-1-3
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Administrative Fee Rate(3) | Master Servicing Fee Rate | Primary Servicing Fee Rate | Pari Passu Loan Primary Servicing Fee Rate | Trustee Fee Rate | Trust Advisor Fee Rate | Asset Representations Reviewer Fee Rate | CREFC Fee Rate | Interest Accrual Basis | Seasoning (mos.) | ARD (Yes/No) | Original Term to Maturity (mos.) | Remaining Term to Maturity (mos.) | Original Interest-Only Period (mos.) | Remaining Interest-Only Period (mos.) | Original Amortization Term (mos.) | Remaining Amortization Term (mos.) | Note Date | First Payment Date | First P&I Payment Date (Partial IO Loans) | Maturity Date |
Loan | 5 | 1 | 9201 West Sunset Boulevard | 0.01821% | 0.00250% | 0.00000% | 0.00250% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 4/17/2019 | 6/5/2019 | N/A | 5/1/2029 |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 4/25/2019 | 6/6/2019 | N/A | 5/6/2029 |
Property | 2.01 | The Springs | ||||||||||||||||||||||
Property | 2.02 | Summerwood | ||||||||||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | ||||||||||||||||||||||
Property | 2.04 | El Super Center | ||||||||||||||||||||||
Property | 2.05 | Island Plaza | ||||||||||||||||||||||
Property | 2.06 | Baldwin Park Promenade | ||||||||||||||||||||||
Property | 2.07 | Lynwood Plaza | ||||||||||||||||||||||
Property | 2.08 | El Cajon (CVS) | ||||||||||||||||||||||
Property | 2.09 | Loma Vista | ||||||||||||||||||||||
Property | 2.10 | MLK Medical | ||||||||||||||||||||||
Property | 2.11 | Hawthorne Plaza | ||||||||||||||||||||||
Property | 2.12 | Five Points Plaza | ||||||||||||||||||||||
Property | 2.13 | Towne Center Square | ||||||||||||||||||||||
Property | 2.14 | Camarillo | ||||||||||||||||||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 3/18/2019 | 5/1/2019 | N/A | 4/1/2029 |
Loan | 5 | 4 | ILPT Hawaii Portfolio | 0.01696% | 0.00250% | 0.00000% | 0.00125% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 4 | No | 120 | 116 | 120 | 116 | 0 | 0 | 1/29/2019 | 3/7/2019 | N/A | 2/7/2029 |
Loan | 5, 12 | 5 | Tower 28 | 0.01821% | 0.00250% | 0.00000% | 0.00250% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 36 | 34 | 360 | 360 | 3/11/2019 | 5/1/2019 | 5/1/2022 | 4/1/2029 |
Loan | 9, 14 | 6 | Doubletree Modesto | 0.03821% | 0.00250% | 0.02250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 5/6/2019 | 7/1/2019 | N/A | 6/1/2029 |
Loan | 5, 15 | 7 | FedEx Niles | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 0 | Yes | 120 | 120 | 120 | 120 | 0 | 0 | 5/3/2019 | 7/1/2019 | N/A | 6/1/2029 |
Loan | 8 | 8 | Lake Meadows Shopping Center | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 4/17/2019 | 6/1/2019 | N/A | 5/1/2029 |
Loan | 8, 16 | 9 | Shoppes at Fox River | 0.06571% | 0.00250% | 0.05000% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 0 | 0 | 300 | 297 | 3/6/2019 | 4/6/2019 | N/A | 3/6/2029 |
Loan | 10 | Columbia Corporate Center | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 4/2/2019 | 5/6/2019 | N/A | 4/6/2029 | |
Loan | 5, 17 | 11 | The Block Northway | 0.01696% | 0.00250% | 0.00000% | 0.00125% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 60 | 57 | 360 | 360 | 2/15/2019 | 4/6/2019 | 4/6/2024 | 3/6/2029 |
Loan | 5 | 12 | 65 Broadway | 0.03696% | 0.00250% | 0.00000% | 0.02125% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 60 | 58 | 60 | 58 | 0 | 0 | 4/5/2019 | 5/6/2019 | N/A | 4/6/2024 |
Loan | 13 | Avalon at Seven Hills | 0.04571% | 0.00250% | 0.03000% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 4/8/2019 | 6/1/2019 | N/A | 5/1/2029 | |
Loan | 5 | 14 | AC by Marriott San Jose | 0.03696% | 0.00250% | 0.00000% | 0.02125% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 3/27/2019 | 5/1/2019 | N/A | 4/1/2029 |
Loan | 5 | 15 | Westin Atlanta Airport | 0.01821% | 0.00250% | 0.00000% | 0.00250% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 3/8/2019 | 5/1/2019 | N/A | 4/1/2029 |
Loan | 16 | Storage Xxtra Highway 85 | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 4 | No | 120 | 116 | 0 | 0 | 360 | 356 | 1/30/2019 | 3/6/2019 | N/A | 2/6/2029 | |
Loan | 17 | Olive Branch Commons | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 | 4/11/2019 | 6/1/2019 | 6/1/2020 | 5/1/2029 | |
Loan | 18 | Fayetteville Commons | 0.05571% | 0.00250% | 0.04000% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | 4/4/2019 | 6/1/2019 | 6/1/2021 | 5/1/2029 | |
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | 0.01696% | 0.00250% | 0.00000% | 0.00125% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 6 | No | 120 | 114 | 120 | 114 | 0 | 0 | 11/15/2018 | 1/6/2019 | N/A | 12/6/2028 |
Property | 19.01 | White Clay Office Park | ||||||||||||||||||||||
Property | 19.02 | University Office Plaza | ||||||||||||||||||||||
Loan | 9, 18 | 20 | 5880 Nolensville | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 3 | Yes | 120 | 117 | 120 | 117 | 0 | 0 | 2/21/2019 | 4/6/2019 | N/A | 3/6/2029 |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 300 | 298 | 3/7/2019 | 5/6/2019 | N/A | 4/6/2029 | |
Loan | 5 | 22 | 3 Columbus Circle | 0.01821% | 0.00250% | 0.00000% | 0.00250% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 120 | 117 | 0 | 0 | 3/12/2019 | 4/11/2019 | N/A | 3/11/2029 |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 4/4/2019 | 5/6/2019 | N/A | 4/6/2029 |
Loan | 12 | 24 | 3425 Gates Place | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 4/8/2019 | 6/1/2019 | N/A | 5/1/2029 |
Loan | 25 | Country Club on Legacy | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | 4/18/2019 | 6/6/2019 | 6/6/2021 | 5/6/2029 | |
Loan | 26 | Aquataina Wescott | 0.05821% | 0.00250% | 0.04250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 60 | 60 | 360 | 360 | 5/7/2019 | 7/1/2019 | 7/1/2024 | 6/1/2029 | |
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 | 4/9/2019 | 6/6/2019 | 6/6/2020 | 5/6/2029 |
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | ||||||||||||||||||||||
Property | 27.02 | 400 West Front Street I | ||||||||||||||||||||||
Loan | 11 | 28 | 400 West Front Street II | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 | 4/9/2019 | 6/6/2019 | 6/6/2020 | 5/6/2029 |
Loan | 29 | Midland Center | 0.03821% | 0.00250% | 0.02250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 4/12/2019 | 6/1/2019 | N/A | 5/1/2029 | |
Loan | 6, 9 | 30 | Pangea 23 | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 3/28/2019 | 5/6/2019 | N/A | 4/6/2029 |
Property | 30.01 | 5100-5104 West Madison Street | ||||||||||||||||||||||
Property | 30.02 | 7406 South Perry Avenue | ||||||||||||||||||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | ||||||||||||||||||||||
Property | 30.04 | 1121-1125 West 127th Street | ||||||||||||||||||||||
Property | 30.05 | 5100-5104 West Monroe Street | ||||||||||||||||||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | ||||||||||||||||||||||
Property | 30.07 | 5036-5044 West Quincy Street | ||||||||||||||||||||||
Property | 30.08 | 1630 South Sawyer Avenue | ||||||||||||||||||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | ||||||||||||||||||||||
Property | 30.10 | 2704-2710 East 83rd Street | ||||||||||||||||||||||
Loan | 20 | 31 | 856 Greene Avenue | 0.03821% | 0.00250% | 0.02250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 4/2/2019 | 5/6/2019 | N/A | 4/6/2029 |
Loan | 32 | Hampton Inn Milledgeville | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 4/8/2019 | 6/6/2019 | N/A | 5/6/2029 | |
Loan | 7, 8, 12 | 33 | Serene Plaza | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 60 | 58 | 6 | 4 | 360 | 360 | 4/5/2019 | 5/6/2019 | 11/6/2019 | 4/6/2024 |
Loan | 34 | Lake Jackson Center | 0.06821% | 0.00250% | 0.05250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 24 | 22 | 360 | 360 | 4/5/2019 | 5/6/2019 | 5/6/2021 | 4/6/2029 | |
Loan | 35 | Parkwood Village | 0.03821% | 0.00250% | 0.02250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 36 | 34 | 360 | 360 | 3/12/2019 | 5/1/2019 | 5/1/2022 | 4/1/2029 | |
Loan | 12 | 36 | Coral Ridge Office | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 4/16/2019 | 6/6/2019 | N/A | 5/6/2029 |
Loan | 37 | Autumn Grove Plaza | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 3/7/2019 | 5/1/2019 | N/A | 4/1/2029 | |
Loan | 38 | River Mall Plaza | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | 5/10/2019 | 7/6/2019 | 7/6/2022 | 6/6/2029 | |
Loan | 39 | White Building | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 5/7/2019 | 7/6/2019 | N/A | 6/6/2029 | |
Loan | 40 | 400 Karin Lane | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 4/2/2019 | 6/1/2019 | N/A | 5/1/2029 | |
Loan | 9 | 41 | Rockingham Square | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | 4/3/2019 | 6/1/2019 | 6/1/2022 | 5/1/2029 |
Loan | 42 | Robin Springs | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 36 | 34 | 360 | 360 | 3/7/2019 | 5/6/2019 | 5/6/2022 | 4/6/2029 | |
Loan | 43 | Greenfield Towne Center II | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 3/7/2019 | 5/1/2019 | N/A | 4/1/2029 | |
Loan | 44 | Kachina Self Storage | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 3/29/2019 | 5/1/2019 | N/A | 4/1/2029 | |
Loan | 45 | Swifts MHP | 0.14291% | 0.00250% | 0.12720% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | 4/5/2019 | 6/1/2019 | 6/1/2022 | 5/1/2029 | |
Loan | 46 | Beach Crossing | 0.01821% | 0.00250% | 0.00250% | 0.00000% | 0.01019% | 0.00216% | 0.00036% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 12 | 10 | 360 | 360 | 4/1/2019 | 5/1/2019 | 5/1/2020 | 4/1/2029 |
A-1-4
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | ARD Loan Final Maturity Date | Monthly Debt Service (P&I) | Monthly Debt Service (IO) | Annual Debt Service (P&I) | Annual Debt Service (IO) | Lockbox Type | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans | UW NOI DSCR (P&I) | UW NOI DSCR (IO) | UW NCF DSCR (P&I) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio | Maturity Date LTV Ratio | Grace Period to Late Charge (Days) | Grace Period to Default (Days) | Due Date |
Loan | 5 | 1 | 9201 West Sunset Boulevard | 5/1/2029 | $0.00 | $244,114.87 | $0.00 | $2,929,378.47 | Springing | Springing | No | N/A | N/A | 1.92x | N/A | 1.87x | 64.6% | 64.6% | 0 | 0 | Fifth |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | 5/6/2029 | $0.00 | $222,178.81 | $0.00 | $2,666,145.69 | Hard | Springing | No | N/A | N/A | 2.40x | N/A | 2.28x | 52.0% | 52.0% | 0 | 0 | Sixth |
Property | 2.01 | The Springs | |||||||||||||||||||
Property | 2.02 | Summerwood | |||||||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | |||||||||||||||||||
Property | 2.04 | El Super Center | |||||||||||||||||||
Property | 2.05 | Island Plaza | |||||||||||||||||||
Property | 2.06 | Baldwin Park Promenade | |||||||||||||||||||
Property | 2.07 | Lynwood Plaza | |||||||||||||||||||
Property | 2.08 | El Cajon (CVS) | |||||||||||||||||||
Property | 2.09 | Loma Vista | |||||||||||||||||||
Property | 2.10 | MLK Medical | |||||||||||||||||||
Property | 2.11 | Hawthorne Plaza | |||||||||||||||||||
Property | 2.12 | Five Points Plaza | |||||||||||||||||||
Property | 2.13 | Towne Center Square | |||||||||||||||||||
Property | 2.14 | Camarillo | |||||||||||||||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | 4/1/2029 | $352,221.15 | $0.00 | $4,226,653.80 | $0.00 | Hard | Springing | No | N/A | 1.99x | N/A | 1.75x | N/A | 69.9% | 58.1% | 0 | 5 | First |
Loan | 5 | 4 | ILPT Hawaii Portfolio | 2/7/2029 | $0.00 | $145,662.04 | $0.00 | $1,747,944.48 | Hard | Springing | No | N/A | N/A | 2.42x | N/A | 2.40x | 45.2% | 45.2% | 0 | 0 | Seventh |
Loan | 5, 12 | 5 | Tower 28 | 4/1/2029 | $139,517.51 | $95,918.96 | $1,674,210.12 | $1,151,027.52 | Hard | In Place | No | N/A | 2.33x | 3.39x | 2.31x | 3.36x | 33.4% | 28.8% | 0 | 5 | First |
Loan | 9, 14 | 6 | Doubletree Modesto | 6/1/2029 | $0.00 | $111,274.31 | $0.00 | $1,335,291.72 | Hard | Springing | No | N/A | N/A | 3.95x | N/A | 3.43x | 51.7% | 51.7% | 0 | 0 | First |
Loan | 5, 15 | 7 | FedEx Niles | 5/1/2030 | $0.00 | $107,269.44 | $0.00 | $1,287,233.28 | Hard | Springing | No | N/A | N/A | 2.19x | N/A | 2.14x | 54.7% | 54.7% | 0 | 5 | First |
Loan | 8 | 8 | Lake Meadows Shopping Center | 5/1/2029 | $0.00 | $98,036.30 | $0.00 | $1,176,435.60 | Springing | Springing | No | N/A | N/A | 2.30x | N/A | 2.14x | 63.8% | 63.8% | 0 | 5 | First |
Loan | 8, 16 | 9 | Shoppes at Fox River | 3/6/2029 | $122,033.53 | $0.00 | $1,464,402.36 | $0.00 | Springing | Springing | No | N/A | 2.96x | N/A | 2.76x | N/A | 38.1% | 28.2% | 0 | 0 | Sixth |
Loan | 10 | Columbia Corporate Center | 4/6/2029 | $0.00 | $75,777.63 | $0.00 | $909,331.56 | Hard | Springing | No | N/A | N/A | 2.89x | N/A | 2.67x | 53.8% | 53.8% | 0 | 0 | Sixth | |
Loan | 5, 17 | 11 | The Block Northway | 3/6/2029 | $97,965.30 | $74,639.54 | $1,175,583.60 | $895,674.48 | Hard | Springing | No | N/A | 1.42x | 1.86x | 1.40x | 1.84x | 68.6% | 63.0% | 0 | 0 | Sixth |
Loan | 5 | 12 | 65 Broadway | 4/6/2024 | $0.00 | $64,629.08 | $0.00 | $775,548.96 | Hard | In Place | No | N/A | N/A | 3.34x | N/A | 3.30x | 25.8% | 25.8% | 0 | 0 | Sixth |
Loan | 13 | Avalon at Seven Hills | 5/1/2029 | $0.00 | $55,632.08 | $0.00 | $667,584.96 | Springing | Springing | No | N/A | N/A | 2.40x | N/A | 2.33x | 52.0% | 52.0% | 0 | 5 | First | |
Loan | 5 | 14 | AC by Marriott San Jose | 4/1/2029 | $0.00 | $62,480.90 | $0.00 | $749,770.80 | Hard | Springing | No | N/A | N/A | 2.28x | N/A | 2.05x | 59.7% | 59.7% | 10 (4 times during the term of the loan) | 0 | First |
Loan | 5 | 15 | Westin Atlanta Airport | 4/1/2029 | $77,076.05 | $0.00 | $924,912.60 | $0.00 | Hard | Springing | No | N/A | 2.37x | N/A | 2.07x | N/A | 69.0% | 56.3% | 5 | 5 | First |
Loan | 16 | Storage Xxtra Highway 85 | 2/6/2029 | $81,534.66 | $0.00 | $978,415.92 | $0.00 | N/A | N/A | No | N/A | 1.49x | N/A | 1.47x | N/A | 62.2% | 51.7% | 0 | 0 | Sixth | |
Loan | 17 | Olive Branch Commons | 5/1/2029 | $75,217.83 | $60,795.31 | $902,613.96 | $729,543.72 | Springing | Springing | No | N/A | 1.36x | 1.68x | 1.26x | 1.56x | 71.1% | 60.7% | 5 | 5 | First | |
Loan | 18 | Fayetteville Commons | 5/1/2029 | $65,362.16 | $49,553.82 | $784,345.92 | $594,645.84 | Springing | Springing | No | N/A | 1.80x | 2.37x | 1.75x | 2.30x | 75.0% | 64.4% | 0 | 5 | First | |
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | 12/6/2028 | $0.00 | $58,911.17 | $0.00 | $706,934.04 | Soft | Springing | No | N/A | N/A | 2.02x | N/A | 1.89x | 58.7% | 58.7% | 0 | 0 | Sixth |
Property | 19.01 | White Clay Office Park | |||||||||||||||||||
Property | 19.02 | University Office Plaza | |||||||||||||||||||
Loan | 9, 18 | 20 | 5880 Nolensville | 12/6/2029 | $0.00 | $43,581.76 | $0.00 | $522,981.13 | Hard | Springing | No | N/A | N/A | 2.46x | N/A | 2.23x | 63.4% | 63.4% | 0 | 0 | Sixth |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | 4/6/2029 | $64,883.02 | $0.00 | $778,596.24 | $0.00 | Springing | Springing | No | N/A | 2.03x | N/A | 1.85x | N/A | 66.9% | 50.5% | 0 | 0 | Sixth | |
Loan | 5 | 22 | 3 Columbus Circle | 3/11/2029 | $0.00 | $33,069.68 | $0.00 | $396,836.11 | Hard | In Place | No | N/A | N/A | 3.11x | N/A | 2.91x | 45.4% | 45.4% | 0 | 0 | Eleventh |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | 4/6/2029 | $50,592.41 | $0.00 | $607,108.92 | $0.00 | Springing | Springing | No | N/A | 2.26x | N/A | 2.04x | N/A | 59.6% | 49.1% | 0 | 0 | Sixth |
Loan | 12 | 24 | 3425 Gates Place | 5/1/2029 | $0.00 | $34,963.96 | $0.00 | $419,567.52 | Springing | Springing | No | N/A | N/A | 1.92x | N/A | 1.88x | 64.3% | 64.3% | 5 | 5 | First |
Loan | 25 | Country Club on Legacy | 5/6/2029 | $48,589.34 | $38,401.04 | $583,072.08 | $460,812.50 | Springing | Springing | No | N/A | 1.56x | 1.98x | 1.43x | 1.81x | 68.2% | 59.2% | 0 | 0 | Sixth | |
Loan | 26 | Aquataina Wescott | 6/1/2029 | $42,215.35 | $32,782.41 | $506,584.20 | $393,388.92 | Springing | Springing | No | N/A | 1.51x | 1.95x | 1.45x | 1.87x | 65.4% | 60.3% | 5 | 5 | First | |
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | 5/6/2029 | $29,733.90 | $22,875.87 | $356,806.80 | $274,510.42 | Springing | Springing | Yes | Group A | 1.55x | 2.02x | 1.44x | 1.88x | 62.5% | 52.5% | 0 | 0 | Sixth |
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | |||||||||||||||||||
Property | 27.02 | 400 West Front Street I | |||||||||||||||||||
Loan | 11 | 28 | 400 West Front Street II | 5/6/2029 | $11,005.28 | $8,498.92 | $132,063.36 | $101,987.08 | Springing | Springing | Yes | Group A | 1.55x | 2.02x | 1.44x | 1.88x | 62.5% | 52.5% | 0 | 0 | Sixth |
Loan | 29 | Midland Center | 5/1/2029 | $39,008.23 | $0.00 | $468,098.76 | $0.00 | Hard | Springing | No | N/A | 1.61x | N/A | 1.47x | N/A | 74.7% | 61.6% | 5 | 5 | First | |
Loan | 6, 9 | 30 | Pangea 23 | 4/6/2029 | $0.00 | $25,651.39 | $0.00 | $307,816.67 | N/A | N/A | No | N/A | N/A | 2.79x | N/A | 2.67x | 56.5% | 56.5% | 0 | 0 | Sixth |
Property | 30.01 | 5100-5104 West Madison Street | |||||||||||||||||||
Property | 30.02 | 7406 South Perry Avenue | |||||||||||||||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | |||||||||||||||||||
Property | 30.04 | 1121-1125 West 127th Street | |||||||||||||||||||
Property | 30.05 | 5100-5104 West Monroe Street | |||||||||||||||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | |||||||||||||||||||
Property | 30.07 | 5036-5044 West Quincy Street | |||||||||||||||||||
Property | 30.08 | 1630 South Sawyer Avenue | |||||||||||||||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | |||||||||||||||||||
Property | 30.10 | 2704-2710 East 83rd Street | |||||||||||||||||||
Loan | 20 | 31 | 856 Greene Avenue | 4/6/2029 | $0.00 | $26,977.89 | $0.00 | $323,734.68 | Springing | Springing | No | N/A | N/A | 1.25x | N/A | 1.25x | 70.5% | 70.5% | 10 (2 times during the term of the loan) | 0 | Sixth |
Loan | 32 | Hampton Inn Milledgeville | 5/6/2029 | $31,582.75 | $0.00 | $378,993.00 | $0.00 | Springing | Springing | No | N/A | 2.24x | N/A | 2.04x | N/A | 54.1% | 44.2% | 0 | 0 | Sixth | |
Loan | 7, 8, 12 | 33 | Serene Plaza | 4/6/2024 | $34,868.48 | $29,027.85 | $418,421.76 | $348,334.20 | Hard | Springing | No | N/A | 1.41x | 1.69x | 1.30x | 1.56x | 74.7% | 70.3% | 0 | 0 | Sixth |
Loan | 34 | Lake Jackson Center | 4/6/2029 | $31,583.07 | $24,960.68 | $378,996.84 | $299,528.13 | Springing | Springing | No | N/A | 1.54x | 1.95x | 1.38x | 1.74x | 68.0% | 59.0% | 0 | 0 | Sixth | |
Loan | 35 | Parkwood Village | 4/1/2029 | $26,082.37 | $20,066.55 | $312,988.44 | $240,798.60 | Springing | Springing | No | N/A | 1.96x | 2.55x | 1.75x | 2.28x | 54.9% | 48.5% | 5 | 5 | First | |
Loan | 12 | 36 | Coral Ridge Office | 5/6/2029 | $0.00 | $20,489.01 | $0.00 | $245,868.06 | Springing | Springing | No | N/A | N/A | 1.78x | N/A | 1.66x | 65.8% | 65.8% | 0 | 0 | Sixth |
Loan | 37 | Autumn Grove Plaza | 4/1/2029 | $25,754.53 | $0.00 | $309,054.36 | $0.00 | Springing | Springing | No | Group B | 1.64x | N/A | 1.53x | N/A | 73.6% | 60.5% | 5 | 5 | First | |
Loan | 38 | River Mall Plaza | 6/6/2029 | $24,731.43 | $18,990.95 | $296,777.16 | $227,891.40 | Springing | Springing | No | N/A | 2.20x | 2.86x | 1.89x | 2.46x | 64.3% | 56.7% | 0 | 0 | Sixth | |
Loan | 39 | White Building | 6/6/2029 | $0.00 | $18,441.79 | $0.00 | $221,301.48 | Springing | Springing | No | N/A | N/A | 1.93x | N/A | 1.87x | 51.7% | 51.7% | 5 | 0 | Sixth | |
Loan | 40 | 400 Karin Lane | 5/1/2029 | $24,732.18 | $0.00 | $296,786.16 | $0.00 | Springing | Springing | No | N/A | 1.86x | N/A | 1.74x | N/A | 66.8% | 55.4% | 5 | 5 | First | |
Loan | 9 | 41 | Rockingham Square | 5/1/2029 | $22,112.93 | $17,776.85 | $265,355.16 | $213,322.22 | Springing | Springing | No | N/A | 1.73x | 2.15x | 1.57x | 1.95x | 65.6% | 58.5% | 5 | 5 | First |
Loan | 42 | Robin Springs | 4/6/2029 | $20,927.59 | $16,221.59 | $251,131.08 | $194,659.08 | Soft | Springing | No | N/A | 2.18x | 2.81x | 2.04x | 2.63x | 66.3% | 58.5% | 0 | 3 | Sixth | |
Loan | 43 | Greenfield Towne Center II | 4/1/2029 | $18,062.10 | $0.00 | $216,745.20 | $0.00 | Springing | Springing | No | Group B | 1.69x | N/A | 1.55x | N/A | 73.0% | 60.0% | 5 | 5 | First | |
Loan | 44 | Kachina Self Storage | 4/1/2029 | $0.00 | $12,927.08 | $0.00 | $155,124.96 | Springing | Springing | No | N/A | N/A | 1.91x | N/A | 1.87x | 62.9% | 62.9% | 5 | 5 | First | |
Loan | 45 | Swifts MHP | 5/1/2029 | $12,433.01 | $9,646.04 | $149,196.12 | $115,752.48 | Springing | Springing | No | N/A | 1.65x | 2.12x | 1.61x | 2.08x | 69.4% | 61.3% | 5 | 5 | First | |
Loan | 46 | Beach Crossing | 4/1/2029 | $10,408.51 | $8,155.47 | $124,902.12 | $97,865.64 | Springing | Springing | No | N/A | 1.83x | 2.33x | 1.60x | 2.04x | 75.0% | 63.4% | 0 | 5 | First |
A-1-5
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Prepayment Provisions (No. of Payments) | YM Formula | Third Most Recent Revenues | Third Most Recent Expenses | Third Most Recent NOI | Third Most Recent NOI Date | Third Most Recent NOI Debt Yield | Second Most Recent Revenues | Second Most Recent Expenses | Second Most Recent NOI | Second Most Recent NOI Date | Second Most Recent NOI Debt Yield | Most Recent Revenues | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | Most Recent NOI Debt Yield | Underwritten Occupancy Rate | Underwritten Effective Gross Income | |
Loan | 5 | 1 | 9201 West Sunset Boulevard | LO(25);DEF(91);O(4) | $12,792,481 | $3,505,810 | $9,286,672 | 12/31/2016 | 6.9% | $13,262,339 | $3,447,634 | $9,814,705 | 12/31/2017 | 7.3% | $14,391,096 | $3,465,148 | $10,925,948 | 12/31/2018 | 8.1% | 100.0% | $15,015,696 | ||
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | LO(25);YM1(90);O(5) | A | $23,199,707 | $5,426,714 | $17,772,993 | 12/31/2016 | 8.3% | $25,444,108 | $5,686,484 | $19,757,624 | 12/31/2017 | 9.2% | $25,772,434 | $5,693,649 | $20,078,785 | 12/31/2018 | 9.3% | 94.1% | $27,692,309 | |
Property | 2.01 | The Springs | $3,661,670 | $1,048,836 | $2,612,834 | 12/31/2016 | $4,006,174 | $1,073,858 | $2,932,316 | 12/31/2017 | $4,894,462 | $1,124,321 | $3,770,140 | 12/31/2018 | 92.5% | $5,281,583 | |||||||
Property | 2.02 | Summerwood | $3,463,690 | $699,202 | $2,764,489 | 12/31/2016 | $3,856,357 | $683,915 | $3,172,442 | 12/31/2017 | $4,030,751 | $701,864 | $3,328,887 | 12/31/2018 | 95.0% | $3,868,877 | |||||||
Property | 2.03 | Food 4 Less – Target Center | $2,607,363 | $370,497 | $2,236,866 | 12/31/2016 | $2,681,454 | $407,311 | $2,274,144 | 12/31/2017 | $2,622,197 | $438,728 | $2,183,469 | 12/31/2018 | 95.0% | $2,912,157 | |||||||
Property | 2.04 | El Super Center | $1,950,722 | $522,913 | $1,427,809 | 12/31/2016 | $2,393,075 | $576,743 | $1,816,332 | 12/31/2017 | $2,008,308 | $566,899 | $1,441,410 | 12/31/2018 | 95.0% | $2,727,097 | |||||||
Property | 2.05 | Island Plaza | $1,794,035 | $342,576 | $1,451,458 | 12/31/2016 | $2,123,336 | $357,820 | $1,765,516 | 12/31/2017 | $2,023,523 | $379,446 | $1,644,077 | 12/31/2018 | 95.0% | $2,086,765 | |||||||
Property | 2.06 | Baldwin Park Promenade | $1,368,748 | $329,044 | $1,039,703 | 12/31/2016 | $1,553,744 | $335,659 | $1,218,085 | 12/31/2017 | $1,629,991 | $333,738 | $1,296,253 | 12/31/2018 | 95.0% | $1,570,073 | |||||||
Property | 2.07 | Lynwood Plaza | $1,248,718 | $405,141 | $843,577 | 12/31/2016 | $1,399,750 | $453,511 | $946,238 | 12/31/2017 | $1,348,490 | $428,718 | $919,772 | 12/31/2018 | 95.0% | $1,628,148 | |||||||
Property | 2.08 | El Cajon (CVS) | $1,057,339 | $206,346 | $850,993 | 12/31/2016 | $1,088,230 | $258,500 | $829,730 | 12/31/2017 | $1,109,415 | $232,435 | $876,980 | 12/31/2018 | 95.0% | $1,252,537 | |||||||
Property | 2.09 | Loma Vista | $1,189,907 | $245,523 | $944,384 | 12/31/2016 | $1,242,489 | $232,226 | $1,010,263 | 12/31/2017 | $1,179,935 | $233,345 | $946,589 | 12/31/2018 | 94.3% | $1,222,600 | |||||||
Property | 2.10 | MLK Medical | $934,077 | $132,682 | $801,394 | 12/31/2016 | $988,919 | $136,106 | $852,813 | 12/31/2017 | $973,355 | $135,300 | $838,055 | 12/31/2018 | 92.5% | $1,065,556 | |||||||
Property | 2.11 | Hawthorne Plaza | $1,118,054 | $208,959 | $909,095 | 12/31/2016 | $1,165,693 | $245,517 | $920,176 | 12/31/2017 | $1,112,891 | $227,925 | $884,967 | 12/31/2018 | 93.6% | $1,038,621 | |||||||
Property | 2.12 | Five Points Plaza | $1,062,649 | $352,349 | $710,300 | 12/31/2016 | $1,160,805 | $364,576 | $796,228 | 12/31/2017 | $1,037,964 | $395,569 | $642,395 | 12/31/2018 | 91.3% | $1,350,626 | |||||||
Property | 2.13 | Towne Center Square | $1,049,516 | $348,311 | $701,205 | 12/31/2016 | $1,076,927 | $358,725 | $718,202 | 12/31/2017 | $1,093,775 | $319,455 | $774,319 | 12/31/2018 | 94.3% | $1,040,173 | |||||||
Property | 2.14 | Camarillo | $693,221 | $214,335 | $478,886 | 12/31/2016 | $707,155 | $202,018 | $505,138 | 12/31/2017 | $707,376 | $175,905 | $531,471 | 12/31/2018 | 95.0% | $647,497 | |||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | LO(26);DEF(87);O(7) | $23,553,029 | $17,154,210 | $6,398,819 | 12/31/2017 | 10.0% | $25,522,146 | $17,342,163 | $8,179,983 | 12/31/2018 | 12.8% | $26,140,065 | $17,515,751 | $8,624,314 | 2/28/2019 TTM | 13.5% | 87.7% | $25,944,294 | ||
Loan | 5 | 4 | ILPT Hawaii Portfolio | LO(28);DEF/YM1(85);O(7) | B | $71,594,513 | $16,049,950 | $55,544,563 | 12/31/2016 | 8.5% | $73,911,499 | $17,034,145 | $56,877,354 | 12/31/2017 | 8.8% | $76,428,806 | $18,588,609 | $57,840,197 | 10/31/2018 TTM | 8.9% | 100.0% | $86,985,222 | |
Loan | 5, 12 | 5 | Tower 28 | LO(26);YM1(87);O(7) | C | $9,695,123 | $5,450,720 | $4,244,404 | 12/31/2018 | 3.8% | $14,989,262 | $5,552,627 | $9,436,635 | 12/31/2018 T-6 Ann. | 8.4% | $17,484,140 | $5,358,451 | $12,125,689 | 12/31/2018 T-3 Ann. | 10.8% | 95.0% | $19,539,680 | |
Loan | 9, 14 | 6 | Doubletree Modesto | LO(24);DEF(92);O(4) | $16,885,376 | $11,877,471 | $5,007,905 | 12/31/2017 | 16.7% | $17,537,406 | $12,039,417 | $5,497,989 | 12/31/2018 | 18.3% | $17,675,356 | $12,121,487 | $5,553,869 | 2/28/2019 TTM | 18.5% | 78.0% | $17,436,704 | ||
Loan | 5, 15 | 7 | FedEx Niles | LO(25);YM1(90);O(5) | D | $5,305,449 | $1,021,279 | $4,284,170 | 12/31/2016 | 9.2% | $6,077,661 | $1,393,112 | $4,684,549 | 12/31/2017 | 10.1% | $6,191,667 | $1,421,898 | $4,769,768 | 12/31/2018 | 10.3% | 95.0% | $6,011,195 | |
Loan | 8 | 8 | Lake Meadows Shopping Center | LO(25);DEF(91);O(4) | $3,558,699 | $1,086,663 | $2,472,036 | 12/31/2016 | 9.5% | $3,546,180 | $1,233,033 | $2,313,147 | 12/31/2017 | 8.9% | $3,687,793 | $1,349,450 | $2,338,343 | 12/31/2018 | 9.0% | 87.8% | $3,997,221 | ||
Loan | 8, 16 | 9 | Shoppes at Fox River | LO(27);YM1(87);O(6) | E | $4,741,646 | $1,578,010 | $3,163,636 | 12/31/2016 | 14.5% | $5,079,793 | $1,771,383 | $3,308,410 | 12/31/2017 | 15.1% | $5,384,672 | $1,727,093 | $3,657,580 | 11/1/2018 TTM | 16.7% | 95.0% | $6,102,337 | |
Loan | 10 | Columbia Corporate Center | LO(26);DEF(90);O(4) | $4,452,638 | $1,795,234 | $2,657,404 | 12/31/2017 | 13.0% | $3,839,947 | $1,790,871 | $2,049,076 | 12/31/2018 | 10.0% | $3,782,270 | $1,785,860 | $1,996,410 | 1/31/2019 TTM | 9.7% | 94.0% | $4,404,497 | |||
Loan | 5, 17 | 11 | The Block Northway | LO(27);DEF(89);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 90.5% | $10,158,112 | ||
Loan | 5 | 12 | 65 Broadway | LO(26);DEF(30);O(4) | $12,963,725 | $6,586,581 | $6,377,143 | 12/31/2017 | 11.5% | $14,072,763 | $7,079,045 | $6,993,719 | 12/31/2018 | 12.6% | $13,819,317 | $7,145,731 | $6,673,585 | 1/31/2019 TTM | 12.0% | 93.4% | $16,706,855 | ||
Loan | 13 | Avalon at Seven Hills | LO(25);DEF(91);O(4) | $2,345,753 | $979,091 | $1,366,662 | 12/31/2017 | 8.8% | $2,547,369 | $993,124 | $1,554,246 | 12/31/2018 | 10.0% | $2,557,920 | $1,005,934 | $1,551,986 | 2/28/2019 TTM | 10.0% | 95.0% | $2,646,094 | |||
Loan | 5 | 14 | AC by Marriott San Jose | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | $16,895,186 | $9,719,014 | $7,176,172 | 12/31/2018 | 12.0% | $17,370,541 | $9,951,862 | $7,418,679 | 2/28/2019 TTM | 12.4% | 80.7% | $17,370,541 | ||
Loan | 5 | 15 | Westin Atlanta Airport | LO(26);DEF(89);O(5) | $26,408,183 | $19,264,442 | $7,143,741 | 12/31/2017 | 11.8% | $26,454,922 | $18,534,787 | $7,920,135 | 12/31/2018 | 13.1% | $27,603,941 | $18,727,788 | $8,876,153 | 3/31/2019 TTM | 14.7% | 86.0% | $27,603,941 | ||
Loan | 16 | Storage Xxtra Highway 85 | LO(28);DEF(88);O(4) | $1,672,707 | $474,710 | $1,197,997 | 12/31/2016 | 8.0% | $1,797,959 | $505,742 | $1,292,217 | 12/31/2017 | 8.7% | $2,009,404 | $540,911 | $1,468,493 | 12/31/2018 | 9.8% | 79.9% | $2,001,865 | |||
Loan | 17 | Olive Branch Commons | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | $1,557,154 | $320,247 | $1,236,907 | 12/31/2017 | 9.2% | $1,582,150 | $309,574 | $1,272,576 | 12/31/2018 | 9.4% | 95.0% | $1,591,641 | |||
Loan | 18 | Fayetteville Commons | LO(25);DEF(90);O(5) | N/A | N/A | N/A | N/A | N/A | $1,599,908 | $232,384 | $1,367,524 | 12/31/2017 | 10.7% | $1,704,670 | $262,124 | $1,442,546 | 12/31/2018 | 11.3% | 95.0% | $1,627,766 | |||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | LO(30);DEF(87);O(3) | N/A | N/A | N/A | N/A | N/A | $9,405,878 | $4,020,817 | $5,385,061 | 12/31/2017 | 9.8% | $9,859,275 | $4,118,616 | $5,740,659 | 8/31/2018 TTM | 10.4% | 92.7% | $10,439,667 | ||
Property | 19.01 | White Clay Office Park | N/A | N/A | N/A | N/A | $6,572,660 | $2,860,748 | $3,711,913 | 12/31/2017 | $6,825,920 | $2,896,295 | $3,929,625 | 8/31/2018 TTM | 94.8% | $7,078,874 | |||||||
Property | 19.02 | University Office Plaza | N/A | N/A | N/A | N/A | $2,833,218 | $1,160,069 | $1,673,148 | 12/31/2017 | $3,033,355 | $1,222,321 | $1,811,034 | 8/31/2018 TTM | 88.4% | $3,360,793 | |||||||
Loan | 9, 18 | 20 | 5880 Nolensville | LO(18);YM1(97);O(5) | F | $1,603,165 | $356,853 | $1,246,312 | 12/31/2016 | 11.2% | $1,471,823 | $226,513 | $1,245,310 | 12/31/2017 | 11.2% | $1,491,579 | $229,225 | $1,262,354 | 10/31/2018 TTM | 11.4% | 95.0% | $1,554,104 | |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | LO(26);DEF(90);O(4) | $1,893,004 | $1,191,264 | $701,740 | 12/31/2017 T-8 | 6.4% | $3,390,891 | $1,820,294 | $1,570,598 | 12/31/2018 | 14.3% | $3,518,103 | $1,903,865 | $1,614,239 | 3/31/2019 TTM | 14.7% | 80.2% | $3,518,100 | |||
Loan | 5 | 22 | 3 Columbus Circle | LO(27);DEF(88);O(5) | $50,161,202 | $14,968,652 | $35,192,550 | 12/31/2016 | 7.2% | $50,952,874 | $16,254,125 | $34,698,749 | 12/31/2017 | 7.1% | $57,324,235 | $17,233,200 | $40,091,035 | 12/31/2018 | 8.2% | 97.9% | $79,416,007 | ||
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | LO(26);DEF(89);O(5) | N/A | N/A | N/A | N/A | N/A | $3,077,120 | $1,737,585 | $1,339,535 | 12/31/2018 | 14.1% | $3,242,415 | $1,787,650 | $1,454,765 | 2/28/2019 TTM | 15.3% | 79.6% | $3,242,415 | ||
Loan | 12 | 24 | 3425 Gates Place | LO(25);DEF(91);O(4) | $868,470 | $309,802 | $558,668 | 12/31/2016 | 6.2% | $910,944 | $324,760 | $586,184 | 12/31/2017 | 6.5% | $983,869 | $341,868 | $642,001 | 12/31/2018 | 7.1% | 98.0% | $1,089,520 | ||
Loan | 25 | Country Club on Legacy | LO(25);DEF(91);O(4) | $1,272,733 | $502,711 | $770,022 | 12/31/2016 | 8.6% | $983,737 | $483,834 | $499,904 | 12/31/2017 | 5.6% | $1,147,998 | $528,379 | $619,619 | 12/31/2018 | 6.9% | 95.0% | $1,455,115 | |||
Loan | 26 | Aquataina Wescott | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $1,101,080 | |||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | LO(12);YM1(102);O(6) | G | $759,792 | $176,254 | $583,537 | 12/31/2017 | 10.2% | $700,655 | $172,008 | $528,648 | 12/31/2018 | 9.3% | $760,066 | $169,116 | $590,950 | 2/28/2019 TTM | 10.1% | 95.0% | $732,564 | |
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 27.02 | 400 West Front Street I | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 11 | 28 | 400 West Front Street II | LO(12);YM1(102);O(6) | H | $296,801 | $87,277 | $209,524 | 12/31/2017 | 10.2% | $291,951 | $94,726 | $197,225 | 12/31/2018 | 9.3% | $290,403 | $97,390 | $193,013 | 2/28/2019 TTM | 10.1% | 95.0% | $319,835 | |
Loan | 29 | Midland Center | LO(25);DEF(91);O(4) | $945,343 | $197,796 | $747,546 | 12/31/2016 | 10.3% | $958,127 | $210,820 | $747,306 | 12/31/2017 | 10.3% | $977,620 | $159,724 | $817,896 | 12/31/2018 | 11.3% | 94.0% | $991,470 | |||
Loan | 6, 9 | 30 | Pangea 23 | LO(26);DEF(88);O(6) | N/A | N/A | N/A | N/A | N/A | $856,287 | $476,828 | $379,459 | 12/31/2018 | 5.5% | $952,380 | $486,847 | $465,533 | 1/31/2019 TTM | 6.7% | 89.0% | $1,387,433 | ||
Property | 30.01 | 5100-5104 West Madison Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.02 | 7406 South Perry Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.04 | 1121-1125 West 127th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.05 | 5100-5104 West Monroe Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.07 | 5036-5044 West Quincy Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.08 | 1630 South Sawyer Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 30.10 | 2704-2710 East 83rd Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 20 | 31 | 856 Greene Avenue | LO(26);DEF(89);O(5) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $463,410 | ||
Loan | 32 | Hampton Inn Milledgeville | LO(25);DEF(90);O(5) | $2,101,265 | $1,184,855 | $916,410 | 12/31/2017 | 15.0% | $1,843,146 | $1,046,981 | $796,166 | 12/31/2018 | 13.0% | $1,897,635 | $1,062,721 | $834,914 | 2/28/2019 TTM | 13.6% | 67.2% | $1,897,635 | |||
Loan | 7, 8, 12 | 33 | Serene Plaza | LO(26);DEF(30);O(4) | $854,727 | $474,343 | $380,384 | 12/31/2016 | 6.4% | $1,177,486 | $457,689 | $719,797 | 12/31/2017 T-10 Ann. | 12.0% | $1,116,017 | $511,957 | $604,060 | 12/31/2018 | 10.1% | 88.0% | $1,182,126 | ||
Loan | 34 | Lake Jackson Center | LO(26);DEF(88);O(6) | N/A | N/A | N/A | N/A | N/A | $735,830 | $231,639 | $504,192 | 12/31/2017 | 8.6% | $800,506 | $213,582 | $586,923 | 12/31/2018 | 10.0% | 95.0% | $798,468 | |||
Loan | 35 | Parkwood Village | LO(26);DEF(90);O(4) | $1,005,700 | $530,090 | $475,610 | 12/31/2017 | 9.5% | $1,055,323 | $442,831 | $612,493 | 12/31/2018 | 12.2% | $1,068,939 | $439,488 | $629,451 | 1/31/2019 TTM | 12.6% | 94.7% | $1,087,229 | |||
Loan | 12 | 36 | Coral Ridge Office | LO(25);DEF(91);O(4) | $643,464 | $261,028 | $382,437 | 12/31/2016 | 7.6% | $649,774 | $236,359 | $413,415 | 12/31/2017 | 8.3% | $449,986 | $254,669 | $195,317 | 12/31/2018 | 3.9% | 95.0% | $719,881 | ||
Loan | 37 | Autumn Grove Plaza | LO(26);DEF(90);O(4) | $725,622 | $220,855 | $504,767 | 12/31/2016 T-10 Ann. | 10.4% | $790,955 | $290,074 | $500,881 | 12/31/2017 | 10.3% | $658,776 | $243,453 | $415,323 | 12/31/2018 | 8.5% | 92.7% | $748,585 | |||
Loan | 38 | River Mall Plaza | LO(24);DEF(92);O(4) | $991,831 | $548,973 | $442,857 | 12/31/2016 | 9.3% | $1,086,000 | $540,540 | $545,459 | 12/31/2017 | 11.5% | $970,499 | $548,896 | $421,603 | 12/31/2018 | 8.9% | 86.8% | $1,194,957 | |||
Loan | 39 | White Building | LO(24);DEF(92);O(4) | $435,381 | $214,481 | $220,899 | 12/31/2015 | 4.8% | $409,047 | $194,731 | $214,316 | 12/31/2016 | 4.7% | $261,792 | $212,614 | $49,178 | 12/31/2017 | 1.1% | 90.5% | $671,646 | |||
Loan | 40 | 400 Karin Lane | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $772,620 | |||
Loan | 9 | 41 | Rockingham Square | LO(25);DEF(91);O(4) | $437,498 | $106,901 | $330,597 | 12/31/2016 | 8.3% | $418,882 | $102,313 | $316,569 | 12/31/2017 | 7.9% | $599,933 | $181,728 | $418,205 | 12/31/2018 | 10.5% | 95.0% | $654,988 | ||
Loan | 42 | Robin Springs | LO(26);DEF(90);O(4) | $1,003,544 | $551,082 | $452,462 | 12/31/2016 | 11.4% | $981,298 | $551,666 | $429,633 | 12/31/2017 | 10.8% | $1,030,188 | $520,138 | $510,050 | 10/31/2018 TTM | 12.8% | 95.0% | $1,048,522 | |||
Loan | 43 | Greenfield Towne Center II | LO(26);DEF(90);O(4) | $545,909 | $198,688 | $347,220 | 12/31/2016 T-10 Ann. | 10.2% | $579,311 | $223,354 | $355,957 | 12/31/2017 | 10.4% | $620,131 | $218,177 | $401,954 | 12/31/2018 | 11.8% | 95.0% | $575,929 | |||
Loan | 44 | Kachina Self Storage | LO(26);DEF(90);O(4) | $357,026 | $99,560 | $257,466 | 12/31/2017 | 8.6% | $413,504 | $111,830 | $301,674 | 12/31/2018 | 10.1% | $414,603 | $115,829 | $298,774 | 1/31/2019 TTM | 10.0% | 89.7% | $405,487 | |||
Loan | 45 | Swifts MHP | LO(25);DEF(90);O(5) | N/A | N/A | N/A | N/A | N/A | $415,817 | $199,200 | $216,617 | 12/31/2017 | 9.2% | $443,014 | $216,827 | $226,187 | 12/31/2018 | 9.6% | 95.0% | $464,883 | |||
Loan | 46 | Beach Crossing | LO(26);DEF(87);O(7) | $276,837 | $114,210 | $162,627 | 12/31/2016 | 8.3% | $311,497 | $103,579 | $207,917 | 12/31/2017 | 10.7% | $351,825 | $115,591 | $236,234 | 12/31/2018 | 12.1% | 95.0% | $333,508 |
A-1-6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Underwritten Total Expenses | Underwritten NOI | Underwritten NOI Debt Yield | Underwritten Replacement Reserves | Underwritten TI/LC | Underwritten NCF | Underwritten NCF Debt Yield | Largest Tenant | Largest Tenant Lease Expiration(4) | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | ||
Loan | 5 | 1 | 9201 West Sunset Boulevard | $3,316,417 | $11,699,279 | 8.7% | $32,515 | $283,913 | $11,382,851 | 8.4% | HH Sunset - Innovative Dining | 9/30/2022 | 13,258 | 8.0% | Oncotherapeutics | ||
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | $6,462,745 | $21,229,564 | 9.9% | $296,246 | $740,616 | $20,192,703 | 9.4% | |||||||
Property | 2.01 | The Springs | $1,172,394 | $4,109,189 | $79,544 | $198,859 | $3,830,786 | The Home Depot | 1/31/2034 | 149,591 | 37.6% | Burlington Coat Factory | |||||
Property | 2.02 | Summerwood | $812,404 | $3,056,473 | $35,754 | $89,385 | $2,931,334 | Smart & Final | 6/30/2021 | 31,500 | 17.6% | Marshalls | |||||
Property | 2.03 | Food 4 Less – Target Center | $788,924 | $2,123,232 | $39,287 | $98,218 | $1,985,727 | Target | 1/31/2028 | 133,987 | 68.2% | Food 4 Less | |||||
Property | 2.04 | El Super Center | $586,230 | $2,140,868 | $23,446 | $58,615 | $2,058,807 | El Super | 3/31/2027 | 45,000 | 38.4% | Warehouse Shoes | |||||
Property | 2.05 | Island Plaza | $460,260 | $1,626,505 | $15,554 | $38,886 | $1,572,064 | Island Pacific Market | 12/31/2023 | 31,000 | 39.9% | 99 Cents Only Stores LLC | |||||
Property | 2.06 | Baldwin Park Promenade | $331,448 | $1,238,625 | $9,981 | $24,953 | $1,203,691 | Smart & Final | 12/31/2022 | 20,725 | 41.5% | CVS | |||||
Property | 2.07 | Lynwood Plaza | $425,428 | $1,202,720 | $15,049 | $37,623 | $1,150,049 | Smart & Final | 9/30/2023 | 20,925 | 27.8% | 99cents Only Store | |||||
Property | 2.08 | El Cajon (CVS) | $257,257 | $995,280 | $5,997 | $14,993 | $974,290 | CVS | 10/6/2025 | 16,784 | 56.0% | Northpark Produce | |||||
Property | 2.09 | Loma Vista | $233,257 | $989,343 | $19,509 | $48,774 | $921,060 | Superior Super Warehouse | 4/30/2021 | 81,071 | 83.1% | China Cook | |||||
Property | 2.10 | MLK Medical | $218,892 | $846,663 | $6,500 | $16,250 | $823,913 | ALTAMED Health Services | 1/31/2024 | 15,000 | 46.2% | Kaiser Foundation Health Plan | |||||
Property | 2.11 | Hawthorne Plaza | $260,529 | $778,092 | $14,150 | $35,375 | $728,567 | WalMart | 7/9/2023 | 35,500 | 50.2% | Marshalls | |||||
Property | 2.12 | Five Points Plaza | $422,108 | $928,518 | $17,907 | $44,769 | $865,842 | El Super | 3/31/2025 | 46,967 | 52.5% | Planet Fitness | |||||
Property | 2.13 | Towne Center Square | $317,001 | $723,172 | $11,502 | $28,755 | $682,915 | Seafood City Supermarket | 10/31/2023 | 28,583 | 49.7% | Tuesday Morning, Inc | |||||
Property | 2.14 | Camarillo | $176,613 | $470,884 | $2,065 | $5,162 | $463,657 | Smash Burger | 11/25/2024 | 2,600 | 25.2% | Chipotle | |||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | $17,530,545 | $8,413,749 | 13.1% | $1,037,772 | $0 | $7,375,977 | 11.5% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5 | 4 | ILPT Hawaii Portfolio | $18,221,433 | $68,763,789 | 10.6% | $59,078 | $498,822 | $68,205,889 | 10.5% | Servco Pacific, Inc. | 1/31/2064 | 537,302 | 5.6% | Coca-Cola Bottling of Hawaii, LLC | ||
Loan | 5, 12 | 5 | Tower 28 | $4,973,673 | $14,566,007 | 13.0% | $113,255 | $14,529 | $14,438,224 | 12.9% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 9, 14 | 6 | Doubletree Modesto | $12,164,065 | $5,272,639 | 17.6% | $697,468 | $0 | $4,575,171 | 15.3% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 15 | 7 | FedEx Niles | $1,640,655 | $4,370,540 | 9.4% | $31,420 | $78,551 | $4,260,570 | 9.2% | Fedex Ground Package System, Inc. | 5/31/2030 | 314,202 | 100.0% | N/A | ||
Loan | 8 | 8 | Lake Meadows Shopping Center | $1,297,076 | $2,700,145 | 10.4% | $26,605 | $159,551 | $2,513,989 | 9.7% | Jewel Osco | 1/31/2029 | 49,786 | 28.2% | LA Fitness | ||
Loan | 8, 16 | 9 | Shoppes at Fox River | $1,763,579 | $4,338,758 | 19.8% | $64,083 | $226,820 | $4,047,855 | 18.5% | Pick ‘n Save | 12/31/2029 | 61,045 | 18.4% | Hobby Lobby | ||
Loan | 10 | Columbia Corporate Center | $1,772,611 | $2,631,887 | 12.8% | $43,466 | $159,058 | $2,429,363 | 11.9% | Saiber LLC | 4/30/2023 | 59,896 | 37.7% | Stifel Nicolaus and Co Inc | |||
Loan | 5, 17 | 11 | The Block Northway | $2,801,534 | $7,356,578 | 9.0% | $35,440 | $31,571 | $7,289,568 | 8.9% | Nordstrom Rack | 8/31/2026 | 40,346 | 11.4% | Dave & Buster’s | ||
Loan | 5 | 12 | 65 Broadway | $7,418,800 | $9,288,055 | 16.7% | $60,387 | $55,217 | $9,172,451 | 16.5% | Arbor E&T | Various (3/25/2029 - 40,587 SF; 12/31/2019 - 16,000 SF) | 56,587 | 15.9% | Kofinas Fertility Services, PC | ||
Loan | 13 | Avalon at Seven Hills | $1,045,890 | $1,600,204 | 10.3% | $47,000 | $0 | $1,553,204 | 10.0% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5 | 14 | AC by Marriott San Jose | $10,527,180 | $6,843,361 | 11.4% | $694,822 | $0 | $6,148,539 | 10.2% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5 | 15 | Westin Atlanta Airport | $18,761,583 | $8,842,358 | 14.7% | $1,104,158 | $0 | $7,738,200 | 12.8% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 16 | Storage Xxtra Highway 85 | $540,609 | $1,461,256 | 9.8% | $19,651 | $0 | $1,441,605 | 9.7% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 17 | Olive Branch Commons | $368,248 | $1,223,393 | 9.1% | $19,642 | $65,475 | $1,138,276 | 8.4% | Academy | 10/31/2030 | 62,943 | 48.1% | Hobby Lobby | |||
Loan | 18 | Fayetteville Commons | $218,953 | $1,408,813 | 11.0% | $19,025 | $20,880 | $1,368,908 | 10.7% | Academy Sports | 6/30/2031 | 62,943 | 49.6% | Burlington Coat Factory | |||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | $4,165,229 | $6,274,437 | 11.4% | $96,717 | $288,269 | $5,889,451 | 10.7% | |||||||
Property | 19.01 | White Clay Office Park | $2,942,641 | $4,136,232 | $69,081 | $196,149 | $3,871,002 | Chase Bank USA | 7/31/2023 | 190,492 | 38.7% | Sardo & Sons Warehousing | |||||
Property | 19.02 | University Office Plaza | $1,222,588 | $2,138,205 | $27,636 | $92,120 | $2,018,449 | The State of DE - DAS | 12/31/2019 | 24,803 | 13.5% | State of DE Dept of H&SS | |||||
Loan | 9, 18 | 20 | 5880 Nolensville | $266,687 | $1,287,417 | 11.6% | $14,520 | $104,053 | $1,168,844 | 10.5% | Aramark Corporation | 6/30/2029 | 88,958 | 100.0% | N/A | ||
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | $1,938,023 | $1,580,077 | 14.4% | $140,724 | $0 | $1,439,353 | 13.1% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5 | 22 | 3 Columbus Circle | $18,918,555 | $60,497,452 | 12.3% | $150,743 | $3,752,630 | $56,594,080 | 11.5% | Young & Rubicam, Inc. | 8/31/2033 | 375,236 | 49.8% | Emerge 212 3CC LLC | ||
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | $1,871,393 | $1,371,022 | 14.5% | $129,697 | $0 | $1,241,325 | 13.1% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 12 | 24 | 3425 Gates Place | $285,196 | $804,325 | 8.9% | $15,500 | $0 | $788,825 | 8.8% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 25 | Country Club on Legacy | $542,722 | $912,393 | 10.1% | $15,056 | $65,000 | $832,338 | 9.2% | IM Solutions LLC | 11/30/2023 | 7,993 | 15.4% | W3 Global | |||
Loan | 26 | Aquataina Wescott | $334,504 | $766,576 | 9.6% | $3,869 | $25,707 | $737,001 | 9.2% | Another Broken Egg | 1/31/2024 | 3,500 | 13.6% | Pho Ben | |||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | $191,308 | $541,256 | 9.7% | $6,340 | $27,500 | $507,416 | 9.1% | |||||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | N/A | N/A | N/A | N/A | N/A | Grizzly Peak Brewing Co. | 12/31/2031 | 9,000 | 48.6% | Café Zola | |||||
Property | 27.02 | 400 West Front Street I | N/A | N/A | N/A | N/A | N/A | North Peak Brewing Co. | 12/31/2031 | 9,000 | 100.0% | N/A | |||||
Loan | 11 | 28 | 400 West Front Street II | $102,056 | $217,779 | 9.7% | $2,758 | $16,225 | $198,796 | 9.1% | Kilkenny Pub | 12/31/2031 | 6,509 | 40.1% | Web Canopy / J. Aikin Design | ||
Loan | 29 | Midland Center | $235,653 | $755,817 | 10.4% | $10,915 | $54,573 | $690,330 | 9.5% | Conn Appliances, Inc | 12/31/2022 | 31,385 | 57.5% | Schlotzsky’s Inc. | |||
Loan | 6, 9 | 30 | Pangea 23 | $529,759 | $857,674 | 12.4% | $35,750 | $0 | $821,924 | 11.9% | |||||||
Property | 30.01 | 5100-5104 West Madison Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.02 | 7406 South Perry Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.04 | 1121-1125 West 127th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.05 | 5100-5104 West Monroe Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.06 | 6921-6925 South Cornell Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.07 | 5036-5044 West Quincy Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.08 | 1630 South Sawyer Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.09 | 7812-7814 South Emerald Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 30.10 | 2704-2710 East 83rd Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 20 | 31 | 856 Greene Avenue | $58,499 | $404,911 | 7.0% | $1,250 | $0 | $403,661 | 7.0% | N/A | N/A | N/A | N/A | N/A | ||
Loan | 32 | Hampton Inn Milledgeville | $1,049,975 | $847,660 | 13.9% | $75,905 | $0 | $771,755 | 12.6% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 7, 8, 12 | 33 | Serene Plaza | $592,402 | $589,724 | 9.9% | $10,194 | $35,765 | $543,765 | 9.1% | Comerica Bank | 10/31/2022 | 7,994 | 11.8% | Serene Global | ||
Loan | 34 | Lake Jackson Center | $214,436 | $584,032 | 10.0% | $12,097 | $50,000 | $521,935 | 8.9% | Floors for Living | 9/18/2023 | 5,297 | 15.3% | Maurice’s | |||
Loan | 35 | Parkwood Village | $473,920 | $613,309 | 12.3% | $64,633 | $0 | $548,676 | 11.0% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 12 | 36 | Coral Ridge Office | $281,283 | $438,597 | 8.8% | $5,554 | $25,000 | $408,044 | 8.2% | Frontier Surgical Holdings | 9/30/2029 | 8,240 | 29.7% | IV Infusion Treatment Center | ||
Loan | 37 | Autumn Grove Plaza | $241,809 | $506,777 | 10.4% | $4,284 | $28,760 | $473,732 | 9.7% | TCF National Bank | 9/30/2020 | 4,575 | 15.9% | Commerce State Bank | |||
Loan | 38 | River Mall Plaza | $542,121 | $652,836 | 13.7% | $24,699 | $67,331 | $560,806 | 11.8% | Tops Markets | 7/31/2026 | 49,759 | 30.2% | Grossman’s Bargain Outlet | |||
Loan | 39 | White Building | $244,302 | $427,344 | 9.3% | $2,387 | $11,936 | $413,021 | 9.0% | Fusion Cross Training Unite Fitness | 6/30/2026 | 3,936 | 33.0% | Shake Shack | |||
Loan | 40 | 400 Karin Lane | $220,339 | $552,281 | 12.2% | $18,843 | $18,041 | $515,398 | 11.3% | Acutis Diagnostics | 5/1/2049 | 40,091 | 100.0% | N/A | |||
Loan | 9 | 41 | Rockingham Square | $197,216 | $457,772 | 11.4% | $8,378 | $33,514 | $415,879 | 10.4% | Food Lion | 11/13/2024 | 30,720 | 55.0% | US Veterans Administration | ||
Loan | 42 | Robin Springs | $501,216 | $547,307 | 13.8% | $36,000 | $0 | $511,307 | 12.9% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 43 | Greenfield Towne Center II | $210,100 | $365,829 | 10.7% | $4,736 | $24,131 | $336,962 | 9.9% | Medical Diagnostic Imaging | 6/30/2021 | 8,746 | 27.2% | Board Game Barrister | |||
Loan | 44 | Kachina Self Storage | $108,725 | $296,763 | 9.9% | $6,850 | $0 | $289,913 | 9.7% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 45 | Swifts MHP | $219,369 | $245,514 | 10.4% | $4,750 | $0 | $240,764 | 10.2% | N/A | N/A | N/A | N/A | N/A | |||
Loan | 46 | Beach Crossing | $105,036 | $228,472 | 11.7% | $6,869 | $21,911 | $199,693 | 10.2% | Advance Auto Parts | 5/19/2024 | 21,000 | 45.9% | Dollar General |
A-1-7
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 2nd Largest Tenant Lease Expiration(4) | 2nd Largest Tenant NSF | 2nd Largest Tenant % of NSF | 3rd Largest Tenant | 3rd Largest Tenant Lease Expiration(4) | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF | 4th Largest Tenant | 4th Largest Tenant Lease Expiration(4) | 4th Largest Tenant NSF | 4th Largest Tenant % of NSF | 5th Largest Tenant | |||
Loan | 5 | 1 | 9201 West Sunset Boulevard | 6/30/2024 | 11,239 | 6.7% | Anthony Mills, M.D. | 4/30/2024 | 10,979 | 6.6% | Gary Motykie | 2/28/2022 | 7,746 | 4.6% | David L. Matlock M.D | |||
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | |||||||||||||||
Property | 2.01 | The Springs | 9/30/2021 | 43,712 | 11.0% | Ross Dress For Less | 2/1/2029 | 30,000 | 7.5% | Marshalls | 4/30/2024 | 28,652 | 7.2% | Bed Bath & Beyond | ||||
Property | 2.02 | Summerwood | 9/30/2022 | 28,230 | 15.8% | Henry’s Market/Sprouts | 6/30/2021 | 27,072 | 15.1% | Alin Party Supply | 5/31/2024 | 27,004 | 15.1% | Home Goods | ||||
Property | 2.03 | Food 4 Less – Target Center | 6/30/2033 | 52,924 | 26.9% | Taco Bell | MTM | 3,500 | 1.8% | Fat Burger | 7/30/2025 | 2,000 | 1.0% | T-Mobile | ||||
Property | 2.04 | El Super Center | 12/31/2022 | 16,722 | 14.3% | Fresenius Kidney Care San Jose Hills | 12/31/2029 | 14,264 | 12.2% | Harbor Freight | 12/31/2024 | 14,000 | 11.9% | Goodwill Southern California | ||||
Property | 2.05 | Island Plaza | 1/31/2027 | 15,000 | 19.3% | Bank of America | 3/31/2020 | 8,800 | 11.3% | Shakeys | MTM | 6,000 | 7.7% | Sprint | ||||
Property | 2.06 | Baldwin Park Promenade | 3/31/2032 | 13,013 | 26.1% | IHOP | 11/30/2031 | 4,240 | 8.5% | Home Street Bank | 4/30/2027 | 2,016 | 4.0% | FedEx Kinko’s | ||||
Property | 2.07 | Lynwood Plaza | 1/30/2022 | 18,000 | 23.9% | Goodwill | 5/31/2029 | 15,000 | 19.9% | CSK Auto, Inc. (O’Reilly) | 8/31/2020 | 6,003 | 8.0% | Rent-A-Center | ||||
Property | 2.08 | El Cajon (CVS) | 8/31/2022 | 9,482 | 31.6% | Starbucks Coffee | 2/28/2021 | 1,500 | 5.0% | Tony’s Barber & Beauty Salon | 8/31/2024 | 1,020 | 3.4% | Loving Care Nails & Spa | ||||
Property | 2.09 | Loma Vista | 9/30/2019 | 2,145 | 2.2% | La Michoacana Premium | 4/30/2028 | 1,651 | 1.7% | Tortilleria Flor de Mayo | MTM | 1,520 | 1.6% | McKenzie Check Advance | ||||
Property | 2.10 | MLK Medical | 9/30/2021 | 12,500 | 38.5% | Chase | 8/31/2020 | 5,000 | 15.4% | N/A | N/A | N/A | N/A | N/A | ||||
Property | 2.11 | Hawthorne Plaza | 10/31/2020 | 35,250 | 49.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 2.12 | Five Points Plaza | 5/31/2029 | 19,700 | 22.0% | Wash & Clean | MTM | 3,000 | 3.4% | Econo Lube & Tune/ John Huckabaa | 2/28/2020 | 2,475 | 2.8% | Dollar Store | ||||
Property | 2.13 | Towne Center Square | 7/31/2026 | 15,343 | 26.7% | Party City | 1/1/2024 | 13,584 | 23.6% | N/A | N/A | N/A | N/A | N/A | ||||
Property | 2.14 | Camarillo | 12/31/2024 | 2,400 | 23.2% | PizzaRev | 11/3/2019 | 2,300 | 22.3% | Pick Up Stix | 11/19/2024 | 1,864 | 18.1% | Yogurtland | ||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5 | 4 | ILPT Hawaii Portfolio | Various (7/31/2039 - 316,114 SF; 12/31/2022 - 34,755 SF) | 350,869 | 3.7% | Manheim Remarketing, Inc. | 4/30/2021 | 337,734 | 3.5% | Bradley Shopping Center Company | 4/22/2033 | 333,887 | 3.5% | Honolulu Warehouse Co., Ltd. | |||
Loan | 5, 12 | 5 | Tower 28 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 9, 14 | 6 | Doubletree Modesto | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5, 15 | 7 | FedEx Niles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 8 | 8 | Lake Meadows Shopping Center | 4/30/2025 | 40,027 | 22.7% | Walgreens | 12/31/2020 | 16,905 | 9.6% | Rainbow | 1/31/2025 | 9,445 | 5.3% | DTLR, Inc. | |||
Loan | 8, 16 | 9 | Shoppes at Fox River | 3/31/2029 | 55,000 | 16.6% | Ross Dress for Less | 1/31/2027 | 24,750 | 7.5% | TJ Maxx | 10/31/2022 | 24,000 | 7.2% | Tuesday Morning | |||
Loan | 10 | Columbia Corporate Center | 4/30/2024 | 49,570 | 31.2% | McGivney, Kluger & Cook, P.C. | 1/31/2033 | 22,022 | 13.8% | Gordon and Rees LLP | 7/31/2024 | 18,253 | 11.5% | N/A | ||||
Loan | 5, 17 | 11 | The Block Northway | 2/28/2034 | 40,158 | 11.3% | Saks Off 5th | 10/31/2026 | 36,000 | 10.2% | Marshalls | 1/31/2021 | 35,500 | 10.0% | The Container Store | |||
Loan | 5 | 12 | 65 Broadway | Various (1/31/2034 - 17,269 SF; 11/30/2033 - 17,127 SF) | 34,396 | 9.7% | Stella Adler | 7/31/2034 | 26,923 | 7.6% | Great American Insurance Co. | Various (5/30/2020 - 15,580 SF; 8/31/2020 - 5,415 SF) | 20,995 | 5.9% | New York Cares Inc. | |||
Loan | 13 | Avalon at Seven Hills | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 5 | 14 | AC by Marriott San Jose | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5 | 15 | Westin Atlanta Airport | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 16 | Storage Xxtra Highway 85 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 17 | Olive Branch Commons | 9/30/2030 | 55,000 | 42.0% | Five Below | 1/31/2026 | 8,000 | 6.1% | Chicken Salad | 5/31/2027 | 3,000 | 2.3% | Wayback Burgers | ||||
Loan | 18 | Fayetteville Commons | 2/28/2032 | 50,000 | 39.4% | Metro Diner | 10/31/2021 | 3,500 | 2.8% | One Main Financial | 12/31/2021 | 2,190 | 1.7% | Posh Nails | ||||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | |||||||||||||||
Property | 19.01 | White Clay Office Park | 4/30/2021 | 125,000 | 25.4% | Citigroup | 3/31/2022 | 88,471 | 18.0% | First Data Corporation | 8/31/2022 | 46,458 | 9.4% | Walgreens Eastern Co, Inc. | ||||
Property | 19.02 | University Office Plaza | 8/31/2028 | 24,285 | 13.2% | Dept of Health | 6/30/2025 | 6,750 | 3.7% | DE Sleep Disorder Centers | 12/31/2024 | 6,485 | 3.5% | Substation Engineering Co | ||||
Loan | 9, 18 | 20 | 5880 Nolensville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 5 | 22 | 3 Columbus Circle | 2/29/2028 | 57,359 | 7.6% | Nordstrom | 10/31/2039 | 46,991 | 6.2% | Jazz at Lincoln Center, Inc. | 4/30/2028 | 30,653 | 4.1% | Josephson | |||
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 12 | 24 | 3425 Gates Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 25 | Country Club on Legacy | 5/31/2034 | 7,435 | 14.3% | Plunk Smith PLCC | 5/31/2023 | 6,838 | 13.2% | Management Decisions | 11/15/2021 | 3,402 | 6.6% | DKB Innovative LLC | ||||
Loan | 26 | Aquataina Wescott | 9/30/2028 | 2,975 | 11.6% | Capital Bank | 4/30/2023 | 2,766 | 10.8% | TF Design Studio, Inc. | 5/2/2024 | 2,660 | 10.3% | Marcos Pizza | ||||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | |||||||||||||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | 3/31/2030 | 3,700 | 20.0% | 2Mission | 12/31/2031 | 1,200 | 6.5% | Spider | 11/30/2020 | 1,200 | 6.5% | Pilates Lofts | ||||
Property | 27.02 | 400 West Front Street I | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 11 | 28 | 400 West Front Street II | 5/31/2020 | 2,563 | 15.8% | Searchlight | 7/31/2020 | 2,515 | 15.5% | Bella Amici | 2/1/2023 | 1,690 | 10.4% | StaffordSmith | |||
Loan | 29 | Midland Center | 5/31/2021 | 5,300 | 9.7% | Panera Bread | 10/31/2019 | 5,160 | 9.5% | Beverly’s Pancake House | 7/31/2024 | 4,510 | 8.3% | Chipotle Mexican Grill | ||||
Loan | 6, 9 | 30 | Pangea 23 | |||||||||||||||
Property | 30.01 | 5100-5104 West Madison Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.02 | 7406 South Perry Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.04 | 1121-1125 West 127th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.05 | 5100-5104 West Monroe Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.06 | 6921-6925 South Cornell Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.07 | 5036-5044 West Quincy Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.08 | 1630 South Sawyer Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.09 | 7812-7814 South Emerald Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 30.10 | 2704-2710 East 83rd Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 20 | 31 | 856 Greene Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 32 | Hampton Inn Milledgeville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 7, 8, 12 | 33 | Serene Plaza | 3/31/2029 | 5,745 | 8.5% | North Central Dental | 7/31/2022 | 3,332 | 4.9% | Serene Builder | 3/30/2029 | 2,726 | 4.0% | Imaginex Studios | |||
Loan | 34 | Lake Jackson Center | 1/31/2022 | 5,000 | 14.5% | Lane Bryant | 1/31/2020 | 5,000 | 14.5% | Gulf Coast Tan | 8/31/2019 | 2,762 | 8.0% | HoneyBaked Ham | ||||
Loan | 35 | Parkwood Village | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 12 | 36 | Coral Ridge Office | 12/31/2022 | 5,807 | 20.9% | FL. Orthopedic & Spine Center P.A. | 7/31/2023 | 2,884 | 10.4% | Dr. Alan Jaffee | 1/31/2024 | 1,600 | 5.8% | Dr. Stephanie Diaz | |||
Loan | 37 | Autumn Grove Plaza | 1/31/2020 | 3,289 | 11.4% | Van Westen Orthodontics | 7/31/2026 | 3,050 | 10.6% | Changguang Chen (Sushi Restaurant) | 6/30/2020 | 3,000 | 10.4% | GPT of Autumn Grove, LLC (Shred 415) | ||||
Loan | 38 | River Mall Plaza | 3/31/2020 | 30,000 | 18.2% | Thrifty Shopper | 1/31/2024 | 20,023 | 12.2% | Express Rentals | 7/31/2019 | 13,042 | 7.9% | Powerhouse Gym | ||||
Loan | 39 | White Building | 10/31/2028 | 3,600 | 30.2% | DaMO Pasta Lab, LLC | 5/31/2029 | 1,700 | 14.2% | Cogito Coffee | 3/31/2029 | 1,700 | 14.2% | N/A | ||||
Loan | 40 | 400 Karin Lane | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 9 | 41 | Rockingham Square | 3/31/2023 | 12,215 | 21.9% | Spectrum Transformation | 1/31/2023 | 4,008 | 7.2% | Mr. J’s NY Style Bagel Deli | 12/31/2025 | 2,975 | 5.3% | OneMain Financial of America | |||
Loan | 42 | Robin Springs | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 43 | Greenfield Towne Center II | 4/30/2025 | 5,455 | 17.0% | Broadscope Disability Services | 6/30/2020 | 4,613 | 14.3% | United States of America | 5/31/2021 | 2,800 | 8.7% | TWI of Dubuque, Inc (Tanning Salon) | ||||
Loan | 44 | Kachina Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 45 | Swifts MHP | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 46 | Beach Crossing | 6/30/2027 | 9,100 | 19.9% | Coastal Super Saver | 4/30/2023 | 6,090 | 13.3% | 501 Hair | 1/31/2022 | 5,400 | 11.8% | East Coast Mobile LLC |
A-1-8
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 5th Largest Tenant Lease Expiration(4) | 5th Largest Tenant NSF | 5th Largest Tenant % of NSF | Upfront Replacement Reserves | Monthly Replacement Reserves | Replacement Reserve Cap | Upfront TI/LC Reserves | Monthly TI/LC Reserves | TI/LC Reserve Cap | Upfront Tax Reserves | |
Loan | 5 | 1 | 9201 West Sunset Boulevard | 12/31/2026 | 7,109 | 4.3% | $0 | $2,947 | $0 | $1,500,000 | $0 | $1,000,000 | $206,965 | |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | $0 | $24,687 | $592,492 | $3,000,000 | $0 | $3,000,000 | $680,770 | ||||
Property | 2.01 | The Springs | 1/31/2025 | 28,245 | 7.1% | |||||||||
Property | 2.02 | Summerwood | 2/28/2023 | 24,000 | 13.4% | |||||||||
Property | 2.03 | Food 4 Less – Target Center | 12/31/2019 | 1,500 | 0.8% | |||||||||
Property | 2.04 | El Super Center | 12/31/2028 | 12,294 | 10.5% | |||||||||
Property | 2.05 | Island Plaza | 11/30/2021 | 4,000 | 5.1% | |||||||||
Property | 2.06 | Baldwin Park Promenade | 12/31/2026 | 2,000 | 4.0% | |||||||||
Property | 2.07 | Lynwood Plaza | 11/30/2023 | 3,920 | 5.2% | |||||||||
Property | 2.08 | El Cajon (CVS) | 1/30/2022 | 700 | 2.3% | |||||||||
Property | 2.09 | Loma Vista | 1/31/2020 | 1,520 | 1.6% | |||||||||
Property | 2.10 | MLK Medical | N/A | N/A | N/A | |||||||||
Property | 2.11 | Hawthorne Plaza | N/A | N/A | N/A | |||||||||
Property | 2.12 | Five Points Plaza | MTM | 2,275 | 2.5% | |||||||||
Property | 2.13 | Towne Center Square | N/A | N/A | N/A | |||||||||
Property | 2.14 | Camarillo | 12/7/2019 | 1,160 | 11.2% | |||||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | N/A | N/A | N/A | $0 | $85,298 | $0 | $0 | $0 | $0 | $68,417 | |
Loan | 5 | 4 | ILPT Hawaii Portfolio | 1/31/2044 | 298,384 | 3.1% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Loan | 5, 12 | 5 | Tower 28 | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Loan | 9, 14 | 6 | Doubletree Modesto | N/A | N/A | N/A | $0 | 1/12 of 4% of gross income for the prior calendar year | $0 | $0 | $0 | $0 | $152,000 | |
Loan | 5, 15 | 7 | FedEx Niles | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $76,612 | $1,338,626 | |
Loan | 8 | 8 | Lake Meadows Shopping Center | 9/30/2021 | 6,000 | 3.4% | $0 | $2,207 | $0 | $400,000 | $0 | $250,000 | $328,317 | |
Loan | 8, 16 | 9 | Shoppes at Fox River | 7/31/2029 | 18,000 | 5.4% | $0 | $0 | $320,414 | $0 | $0 | $0 | $240,148 | |
Loan | 10 | Columbia Corporate Center | N/A | N/A | N/A | $0 | $3,622 | $0 | $0 | $13,255 | $0 | $25,183 | ||
Loan | 5, 17 | 11 | The Block Northway | 2/28/2027 | 24,303 | 6.9% | $0 | $2,953 | $0 | $3,500,000 | $0 | $1,000,000 | $869,163 | |
Loan | 5 | 12 | 65 Broadway | 6/30/2023 | 17,441 | 4.9% | $0 | $5,032 | $0 | $1,500,000 | $0 | $1,000,000 | $932,000 | |
Loan | 13 | Avalon at Seven Hills | N/A | N/A | N/A | $0 | $3,917 | $0 | $0 | $0 | $0 | $21,484 | ||
Loan | 5 | 14 | AC by Marriott San Jose | N/A | N/A | N/A | $0 | 1/12 of 4% of gross income for the prior calendar year | $0 | $0 | $0 | $0 | $0 | |
Loan | 5 | 15 | Westin Atlanta Airport | N/A | N/A | N/A | $0 | $89,164 | $0 | $0 | $0 | $0 | $178,421 | |
Loan | 16 | Storage Xxtra Highway 85 | N/A | N/A | N/A | $0 | $1,640 | $50,000 | $0 | $0 | $0 | $29,050 | ||
Loan | 17 | Olive Branch Commons | 2/28/2029 | 2,000 | 1.5% | $0 | $1,637 | $0 | $106,390 | $5,456 | $0 | $82,455 | ||
Loan | 18 | Fayetteville Commons | 10/31/2021 | 2,000 | 1.6% | $0 | $1,585 | $0 | $400,000 | $0 | $400,000 | $14,881 | ||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | $0 | $8,060 | $0 | $3,000,000 | $0 | $2,500,000 | $273,402 | ||||
Property | 19.01 | White Clay Office Park | 7/31/2020 | 14,000 | 2.8% | |||||||||
Property | 19.02 | University Office Plaza | MTM | 6,101 | 3.3% | |||||||||
Loan | 9, 18 | 20 | 5880 Nolensville | N/A | N/A | N/A | $0 | $1,210 | $72,600 | $0 | $0 | $0 | $31,022 | |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | N/A | N/A | N/A | $0 | $11,303 | $0 | $0 | $0 | $0 | $30,955 | ||
Loan | 5 | 22 | 3 Columbus Circle | 12/31/2032 | 22,742 | 3.0% | $0 | $0 | $1,000,000 | $0 | $0 | $5,000,000 | $0 | |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | N/A | N/A | N/A | $0 | $5,404 | $0 | $0 | $0 | $0 | $55,079 | |
Loan | 12 | 24 | 3425 Gates Place | N/A | N/A | N/A | $21,167 | $1,292 | $0 | $0 | $0 | $0 | $70,869 | |
Loan | 25 | Country Club on Legacy | 7/31/2022 | 2,752 | 5.3% | $0 | $1,255 | $0 | $0 | $5,417 | $275,000 | $129,352 | ||
Loan | 26 | Aquataina Wescott | 1/30/2029 | 2,500 | 9.7% | $0 | $321 | $0 | $0 | $2,142 | $102,828 | $38,470 | ||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | $25,000 | $529 | $0 | $27,500 | $0 | $27,500 | $95,789 | ||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | 4/30/2020 | 1,200 | 6.5% | |||||||||
Property | 27.02 | 400 West Front Street I | N/A | N/A | N/A | |||||||||
Loan | 11 | 28 | 400 West Front Street II | 3/1/2021 | 1,521 | 9.4% | $0 | $230 | $0 | $50,000 | $0 | $50,000 | $35,803 | |
Loan | 29 | Midland Center | 11/30/2024 | 2,715 | 5.0% | $0 | $910 | $0 | $150,000 | $4,548 | $400,000 so long as (i) no Anchor Tenant Trigger Event then exists and (ii) the Property’s economic and physical occupancy is at least 85% | $52,500 | ||
Loan | 6, 9 | 30 | Pangea 23 | $0 | $2,979 | $107,250 | $0 | $0 | $0 | $39,951 | ||||
Property | 30.01 | 5100-5104 West Madison Street | N/A | N/A | N/A | |||||||||
Property | 30.02 | 7406 South Perry Avenue | N/A | N/A | N/A | |||||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | N/A | N/A | N/A | |||||||||
Property | 30.04 | 1121-1125 West 127th Street | N/A | N/A | N/A | |||||||||
Property | 30.05 | 5100-5104 West Monroe Street | N/A | N/A | N/A | |||||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | N/A | N/A | N/A | |||||||||
Property | 30.07 | 5036-5044 West Quincy Street | N/A | N/A | N/A | |||||||||
Property | 30.08 | 1630 South Sawyer Avenue | N/A | N/A | N/A | |||||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | N/A | N/A | N/A | |||||||||
Property | 30.10 | 2704-2710 East 83rd Street | N/A | N/A | N/A | |||||||||
Loan | 20 | 31 | 856 Greene Avenue | N/A | N/A | N/A | $6,250 | $0 | $6,250 | $0 | $0 | $0 | $5,200 | |
Loan | 32 | Hampton Inn Milledgeville | N/A | N/A | N/A | $0 | $6,325 | $0 | $0 | $0 | $0 | $25,958 | ||
Loan | 7, 8, 12 | 33 | Serene Plaza | 3/30/2029 | 2,506 | 3.7% | $0 | $849 | $0 | $220,000 | $0 | $220,000 | $46,154 | |
Loan | 34 | Lake Jackson Center | 4/21/2022 | 2,100 | 6.1% | $0 | $576 | $0 | $0 | $4,167 | $125,000 | $60,279 | ||
Loan | 35 | Parkwood Village | N/A | N/A | N/A | $0 | $5,389 | $0 | $0 | $0 | $0 | $38,220 | ||
Loan | 12 | 36 | Coral Ridge Office | 10/31/2024 | 1,563 | 5.6% | $0 | $463 | $0 | $50,000 | $2,083 | $100,000 | $77,401 | |
Loan | 37 | Autumn Grove Plaza | 1/31/2029 | 2,527 | 8.8% | $0 | $360 | $0 | $0 | $1,798 | $43,140 | $27,251 | ||
Loan | 38 | River Mall Plaza | 8/31/2029 | 11,348 | 6.9% | $135,000 | $2,058 | $0 | $150,000 | $6,861 | $300,000 | $102,708 | ||
Loan | 39 | White Building | N/A | N/A | N/A | $0 | $249 | $14,920 | $0 | $995 | $59,680 | $28,763 | ||
Loan | 40 | 400 Karin Lane | N/A | N/A | N/A | $0 | $1,570 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 9 | 41 | Rockingham Square | 5/31/2022 | 2,010 | 3.6% | $0 | $698 | $0 | $0 | $2,746 | $0 | $18,078 | |
Loan | 42 | Robin Springs | N/A | N/A | N/A | $0 | $3,000 | $0 | $0 | $0 | $0 | $28,299 | ||
Loan | 43 | Greenfield Towne Center II | 9/30/2022 | 2,800 | 8.7% | $0 | $402 | $0 | $0 | $2,011 | $48,261 | $17,033 | ||
Loan | 44 | Kachina Self Storage | N/A | N/A | N/A | $0 | $571 | $0 | $0 | $0 | $0 | $2,563 | ||
Loan | 45 | Swifts MHP | N/A | N/A | N/A | $0 | $396 | $0 | $0 | $0 | $0 | $2,344 | ||
Loan | 46 | Beach Crossing | 11/30/2020 | 1,800 | 3.9% | $0 | $572 | $0 | $0 | $2,976 | $71,624 | $19,736 |
A-1-9
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Monthly Tax Reserves | Upfront Insurance Reserves | Monthly Insurance Reserves | Upfront Deferred Maint. Reserve | Initial Other Reserves | Ongoing Other Reserves | Other Reserves Description |
Loan | 5 | 1 | 9201 West Sunset Boulevard | $41,393 | $0 | $0 | $0 | $0 | $0 | N/A |
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | $226,923 | $0 | $0 | $0 | $729,724 | $0 | Outstanding Free Rent Reserve |
Property | 2.01 | The Springs | ||||||||
Property | 2.02 | Summerwood | ||||||||
Property | 2.03 | Food 4 Less – Target Center | ||||||||
Property | 2.04 | El Super Center | ||||||||
Property | 2.05 | Island Plaza | ||||||||
Property | 2.06 | Baldwin Park Promenade | ||||||||
Property | 2.07 | Lynwood Plaza | ||||||||
Property | 2.08 | El Cajon (CVS) | ||||||||
Property | 2.09 | Loma Vista | ||||||||
Property | 2.10 | MLK Medical | ||||||||
Property | 2.11 | Hawthorne Plaza | ||||||||
Property | 2.12 | Five Points Plaza | ||||||||
Property | 2.13 | Towne Center Square | ||||||||
Property | 2.14 | Camarillo | ||||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | $133,789 | $0 | $0 | $0 | $7,300,000 | $0 | PIP Reserve |
Loan | 5 | 4 | ILPT Hawaii Portfolio | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
Loan | 5, 12 | 5 | Tower 28 | $0 | $0 | $0 | $60,000 | $0 | $0 | N/A |
Loan | 9, 14 | 6 | Doubletree Modesto | $38,000 | $116,345 | $9,695 | $0 | $0 | $0 | N/A |
Loan | 5, 15 | 7 | FedEx Niles | $0 | $3,033 | $0 | $0 | $89,085 | $0 | Environmental Deductible Reserve ($50,000); Environmental Policy Reserve ($39,085) |
Loan | 8 | 8 | Lake Meadows Shopping Center | $54,720 | $0 | $0 | $96,250 | $1,740,519 | $0 | Existing TI/LC Reserve ($1,523,899); Environmental Probable Cost Reserve ($187,500); Environmental Policy Reserve ($24,120); Walgreens Paving Work Reserve ($5,000) |
Loan | 8, 16 | 9 | Shoppes at Fox River | $80,049 | $0 | $0 | $0 | $0 | $0 | N/A |
Loan | 10 | Columbia Corporate Center | $25,183 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 5, 17 | 11 | The Block Northway | $131,691 | $106,374 | $11,081 | $0 | $8,330,396 | $0 | Unfunded Tenant Obligations Reserve ($5,110,999); DY Achievement Reserve ($2,200,000); Skechers Lease Achievement Reserve ($690,000); Contract Tenant Achievement Reserve ($310,000); Rent Concession Reserve ($19,397) |
Loan | 5 | 12 | 65 Broadway | $233,000 | $183,300 | $15,275 | $33,330 | $12,578,778 | $0 | Initial TI/LC Reserve ($8,073,745); Free Rent Reserve ($4,505,033) |
Loan | 13 | Avalon at Seven Hills | $10,742 | $6,984 | $3,492 | $0 | $0 | $0 | N/A | |
Loan | 5 | 14 | AC by Marriott San Jose | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
Loan | 5 | 15 | Westin Atlanta Airport | $89,211 | $0 | $0 | $0 | $3,500,000 | $0 | PIP Reserve |
Loan | 16 | Storage Xxtra Highway 85 | $7,262 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 17 | Olive Branch Commons | $16,491 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 18 | Fayetteville Commons | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | $91,134 | $41,067 | $9,676 | $227,250 | $17,050 | $0 | Free Rent Reserve |
Property | 19.01 | White Clay Office Park | ||||||||
Property | 19.02 | University Office Plaza | ||||||||
Loan | 9, 18 | 20 | 5880 Nolensville | $15,511 | $14,896 | $1,241 | $0 | $0 | $0 | N/A |
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | $6,191 | $16,081 | $1,237 | $0 | $0 | $0 | N/A | |
Loan | 5 | 22 | 3 Columbus Circle | $0 | $0 | $0 | $0 | $2,668,685 | $0 | Outstanding TI/LC Reserve (Upfront: $1,820,891); Free Rent Reserve ($847,794) |
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | $13,770 | $19,890 | $2,841 | $0 | $0 | $0 | N/A |
Loan | 12 | 24 | 3425 Gates Place | $11,812 | $0 | $0 | $22,933 | $0 | $0 | N/A |
Loan | 25 | Country Club on Legacy | $18,479 | $9,586 | $1,065 | $13,750 | $0 | $0 | N/A | |
Loan | 26 | Aquataina Wescott | $7,694 | $7,008 | $2,336 | $0 | $875,450 | $0 | Outstanding Leasing Obligations Reserve ($798,768); Gap Rent Reserve ($76,682) | |
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | $11,021 | $1,104 | $184 | $0 | $0 | $0 | N/A |
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | ||||||||
Property | 27.02 | 400 West Front Street I | ||||||||
Loan | 11 | 28 | 400 West Front Street II | $3,562 | $1,257 | $209 | $0 | $0 | $0 | N/A |
Loan | 29 | Midland Center | $8,750 | $13,333 | $2,667 | $29,771 | $0 | $0 | N/A | |
Loan | 6, 9 | 30 | Pangea 23 | $13,317 | $29,197 | $2,433 | $0 | $0 | $0 | N/A |
Property | 30.01 | 5100-5104 West Madison Street | ||||||||
Property | 30.02 | 7406 South Perry Avenue | ||||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | ||||||||
Property | 30.04 | 1121-1125 West 127th Street | ||||||||
Property | 30.05 | 5100-5104 West Monroe Street | ||||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | ||||||||
Property | 30.07 | 5036-5044 West Quincy Street | ||||||||
Property | 30.08 | 1630 South Sawyer Avenue | ||||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | ||||||||
Property | 30.10 | 2704-2710 East 83rd Street | ||||||||
Loan | 20 | 31 | 856 Greene Avenue | $1,733 | $2,687 | $537 | $1,875 | $425,000 | $0 | Earn-Out Reserve |
Loan | 32 | Hampton Inn Milledgeville | $3,865 | $21,661 | $2,407 | $15,000 | $0 | $0 | N/A | |
Loan | 7, 8, 12 | 33 | Serene Plaza | $11,539 | $9,908 | $3,303 | $0 | $0 | $0 | N/A |
Loan | 34 | Lake Jackson Center | $10,047 | $26,032 | $2,367 | $8,125 | $0 | $0 | N/A | |
Loan | 35 | Parkwood Village | $6,370 | $15,716 | $2,245 | $71,500 | $0 | $0 | N/A | |
Loan | 12 | 36 | Coral Ridge Office | $9,675 | $12,997 | $2,995 | $0 | $1,000,000 | $0 | Frontier Occupancy Reserve (Upfront: $850,000); Frontier LL Work Reserve (Upfront: $150,000) |
Loan | 37 | Autumn Grove Plaza | $13,625 | $0 | $0 | $0 | $200,000 | $0 | TCF Bank Rollover Reserve | |
Loan | 38 | River Mall Plaza | $17,118 | $30,709 | $4,387 | $7,656 | $37,827 | $0 | Rent Abatement Reserve | |
Loan | 39 | White Building | $5,753 | $4,728 | $591 | $0 | $255,480 | $9,100 | Existing TI/LC ($237,280); Condominium Common Charges Reserve ($18,200) | |
Loan | 40 | 400 Karin Lane | $0 | $0 | $0 | $63,625 | $0 | $0 | N/A | |
Loan | 9 | 41 | Rockingham Square | $3,013 | $0 | $0 | $0 | $0 | $0 | N/A |
Loan | 42 | Robin Springs | $7,075 | $19,653 | $3,275 | $5,578 | $174,850 | $0 | Roof Repair Escrow (Upfront: $138,600); Environmental Reserve (Upfront: $36,250) | |
Loan | 43 | Greenfield Towne Center II | $5,678 | $0 | $0 | $10,233 | $0 | $0 | N/A | |
Loan | 44 | Kachina Self Storage | $2,563 | $2,574 | $429 | $0 | $0 | $0 | N/A | |
Loan | 45 | Swifts MHP | $1,172 | $6,111 | $873 | $1,313 | $0 | $0 | N/A | |
Loan | 46 | Beach Crossing | $4,934 | $0 | $0 | $24,616 | $131,500 | $0 | Roof Repair Reserve |
A-1-10
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Appraisal Report Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | Seismic Zone (Y/N) | PML % | Cut-off Date Pari Passu Mortgage Debt Balance | Coop - Committed Secondary Debt | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | |||
Loan | 5 | 1 | 9201 West Sunset Boulevard | 3/13/2019 | 2/20/2019 | N/A | 2/19/2019 | 2/15/2019 | Yes - 4 | 11.0% | $70,000,000 | 64.6% | 1.87x | 8.7% | |||||||||
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | $150,000,000 | 52.0% | 2.28x | 9.9% | ||||||||||||||||
Property | 2.01 | The Springs | 3/26/2019 | 3/27/2019 | N/A | 3/7/2019 | 3/7/2019 | Yes - 4 | 14.0% | ||||||||||||||
Property | 2.02 | Summerwood | 4/8/2019 | 3/8/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 13.0% | ||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | 4/9/2019 | 3/25/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 14.0% | ||||||||||||||
Property | 2.04 | El Super Center | 3/22/2019 | 3/6/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 12.0% | ||||||||||||||
Property | 2.05 | Island Plaza | 3/22/2019 | 3/6/2019 | N/A | 3/6/2019 | 3/8/2019 | Yes - 4 | 14.0% | ||||||||||||||
Property | 2.06 | Baldwin Park Promenade | 3/21/2019 | 3/6/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 11.0% | ||||||||||||||
Property | 2.07 | Lynwood Plaza | 3/22/2019 | 3/7/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 15.0% | ||||||||||||||
Property | 2.08 | El Cajon (CVS) | 4/8/2019 | 3/11/2019 | N/A | 3/8/2019 | 3/8/2019 | Yes - 4 | 13.0% | ||||||||||||||
Property | 2.09 | Loma Vista | 3/23/2019 | 3/12/2019 | N/A | 3/8/2019 | 3/6/2019 | Yes - 4 | 16.0% | ||||||||||||||
Property | 2.10 | MLK Medical | 3/24/2019 | 3/5/2019 | N/A | 3/6/2019 | 3/7/2019 | Yes - 4 | 15.0% | ||||||||||||||
Property | 2.11 | Hawthorne Plaza | 3/22/2019 | 4/3/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 14.0% | ||||||||||||||
Property | 2.12 | Five Points Plaza | 3/21/2019 | 3/8/2019 | N/A | 3/14/2019 | 3/6/2019 | Yes - 4 | 17.0% | ||||||||||||||
Property | 2.13 | Towne Center Square | 3/20/2019 | 3/7/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 14.0% | ||||||||||||||
Property | 2.14 | Camarillo | 3/21/2019 | 3/6/2019 | N/A | 3/8/2019 | 3/6/2019 | Yes - 4 | 11.0% | ||||||||||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | 3/5/2019 | 1/15/2019 | N/A | 1/15/2019 | 1/15/2019 | Yes - 4 | 14.0% | |||||||||||||
Loan | 5 | 4 | ILPT Hawaii Portfolio | Various | Various | N/A | Various | N/A | No | N/A | $610,000,000 | 45.2% | 2.40x | 10.6% | |||||||||
Loan | 5, 12 | 5 | Tower 28 | 1/29/2019 | 1/10/2019 | N/A | 1/10/2019 | N/A | No | N/A | $82,000,000 | $53,000,000 | 49.3% | 1.49x | 8.8% | $50,000,000 | 64.2% | 1.07x | 6.8% | ||||
Loan | 9, 14 | 6 | Doubletree Modesto | 5/1/2019 | 4/3/2019 | N/A | 4/3/2019 | 4/3/2019 | Yes - 3 | 15.0% | |||||||||||||
Loan | 5, 15 | 7 | FedEx Niles | 3/26/2019 | 4/30/2019 | N/A | 4/26/2019 | N/A | No | N/A | $16,500,000 | 54.7% | 2.14x | 9.4% | |||||||||
Loan | 8 | 8 | Lake Meadows Shopping Center | 2/8/2019 | 1/30/2019 | N/A | 1/30/2019 | N/A | No | N/A | |||||||||||||
Loan | 8, 16 | 9 | Shoppes at Fox River | 2/21/2019 | 12/17/2018 | N/A | 3/5/2019 | N/A | No | N/A | |||||||||||||
Loan | 10 | Columbia Corporate Center | 3/28/2019 | 3/11/2019 | N/A | 3/11/2019 | N/A | No | N/A | ||||||||||||||
Loan | 5, 17 | 11 | The Block Northway | 11/26/2018 | 10/15/2018 | N/A | 10/15/2018 | N/A | No | N/A | $65,000,000 | 68.6% | 1.40x | 9.0% | |||||||||
Loan | 5 | 12 | 65 Broadway | 3/28/2019 | 3/25/2019 | N/A | 3/18/2019 | N/A | No | N/A | $40,000,000 | $96,000,000 | 70.5% | 1.21x | 6.1% | ||||||||
Loan | 13 | Avalon at Seven Hills | 3/5/2019 | 1/29/2019 | N/A | 2/22/2019 | N/A | No | N/A | ||||||||||||||
Loan | 5 | 14 | AC by Marriott San Jose | 3/26/2019 | 4/3/2018 | N/A | 4/23/2018 | 3/14/2019 | Yes - 4 | 9.0% | $45,000,000 | 59.7% | 2.05x | 11.4% | |||||||||
Loan | 5 | 15 | Westin Atlanta Airport | 3/7/2019 | 3/1/2019 | N/A | 3/1/2019 | N/A | No | N/A | $45,388,361 | 69.0% | 2.07x | 14.7% | |||||||||
Loan | 16 | Storage Xxtra Highway 85 | 1/16/2019 | 1/9/2019 | N/A | 1/9/2019 | N/A | No | N/A | ||||||||||||||
Loan | 17 | Olive Branch Commons | 3/27/2019 | 3/27/2019 | N/A | 4/4/2019 | N/A | No | N/A | ||||||||||||||
Loan | 18 | Fayetteville Commons | 3/6/2019 | 3/12/2019 | N/A | 3/12/2019 | N/A | No | N/A | ||||||||||||||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | $42,500,000 | 58.7% | 1.89x | 11.4% | ||||||||||||||||
Property | 19.01 | White Clay Office Park | 11/6/2018 | 10/22/2018 | N/A | 10/15/2018 | N/A | No | N/A | ||||||||||||||
Property | 19.02 | University Office Plaza | 10/26/2018 | 10/23/2018 | N/A | 10/15/2018 | N/A | No | N/A | ||||||||||||||
Loan | 9, 18 | 20 | 5880 Nolensville | 2/5/2019 | 1/22/2019 | N/A | 2/8/2019 | N/A | No | N/A | |||||||||||||
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | 3/4/2019 | 1/29/2019 | N/A | 1/30/2019 | N/A | No | N/A | ||||||||||||||
Loan | 5 | 22 | 3 Columbus Circle | 2/14/2019 | 1/22/2019 | N/A | 1/22/2019 | N/A | No | N/A | $480,000,000 | $105,000,000 | 55.1% | 2.40x | 10.2% | ||||||||
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | 3/29/2019 | 3/19/2019 | N/A | 3/19/2019 | N/A | No | N/A | |||||||||||||
Loan | 12 | 24 | 3425 Gates Place | 2/20/2019 | 1/24/2019 | N/A | 1/24/2019 | N/A | No | N/A | |||||||||||||
Loan | 25 | Country Club on Legacy | 4/17/2019 | 2/20/2019 | N/A | 2/21/2019 | N/A | No | N/A | ||||||||||||||
Loan | 26 | Aquataina Wescott | 5/21/2019 | 8/29/2018 and 10/23/2018 | N/A | 8/29/2018 | N/A | No | N/A | ||||||||||||||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | ||||||||||||||||||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | 4/3/2019 | 3/25/2019 | N/A | 3/25/2019 | N/A | No | N/A | ||||||||||||||
Property | 27.02 | 400 West Front Street I | 4/5/2019 | 3/25/2019 | N/A | 3/25/2019 | N/A | No | N/A | ||||||||||||||
Loan | 11 | 28 | 400 West Front Street II | 4/5/2019 | 3/25/2019 | N/A | 3/25/2019 | N/A | No | N/A | |||||||||||||
Loan | 29 | Midland Center | 3/22/2019 | 2/27/2019 | N/A | 2/15/2019 | N/A | No | N/A | ||||||||||||||
Loan | 6, 9 | 30 | Pangea 23 | ||||||||||||||||||||
Property | 30.01 | 5100-5104 West Madison Street | 3/14/2019 | 2/28/2019 | N/A | 2/28/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.02 | 7406 South Perry Avenue | 3/15/2019 | 3/1/2019 | N/A | 2/27/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | 3/6/2019 | 2/28/2019 | N/A | 2/27/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.04 | 1121-1125 West 127th Street | 3/7/2019 | 3/1/2019 | N/A | 2/26/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.05 | 5100-5104 West Monroe Street | 3/8/2019 | 2/28/2019 | N/A | 2/27/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | 3/14/2019 | 3/1/2019 | N/A | 2/28/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.07 | 5036-5044 West Quincy Street | 3/8/2019 | 2/28/2019 | N/A | 2/24/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.08 | 1630 South Sawyer Avenue | 3/8/2019 | 2/28/2019 | N/A | 2/27/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | 3/7/2019 | 3/1/2019 | N/A | 2/28/2019 | N/A | No | N/A | ||||||||||||||
Property | 30.10 | 2704-2710 East 83rd Street | 3/14/2019 | 3/1/2019 | N/A | 2/27/2019 | N/A | No | N/A | ||||||||||||||
Loan | 20 | 31 | 856 Greene Avenue | 3/21/2019 | 2/27/2019 | N/A | 2/27/2019 | N/A | No | N/A | |||||||||||||
Loan | 32 | Hampton Inn Milledgeville | 4/2/2019 | 3/19/2019 | N/A | 3/19/2019 | N/A | No | N/A | ||||||||||||||
Loan | 7, 8, 12 | 33 | Serene Plaza | 3/6/2019 | 12/26/2018 | N/A | 12/26/2018 | N/A | No | N/A | |||||||||||||
Loan | 34 | Lake Jackson Center | 3/14/2019 | 3/12/2019 | N/A | 3/7/2019 | N/A | No | N/A | ||||||||||||||
Loan | 35 | Parkwood Village | 2/27/2019 | 2/15/2019 | N/A | 2/15/2019 | N/A | No | N/A | ||||||||||||||
Loan | 12 | 36 | Coral Ridge Office | 4/12/2019 | 3/20/2019 | N/A | 3/20/2019 | N/A | No | N/A | |||||||||||||
Loan | 37 | Autumn Grove Plaza | 1/23/2019 | 1/16/2019 | N/A | 1/16/2019 | N/A | No | N/A | ||||||||||||||
Loan | 38 | River Mall Plaza | 3/11/2019 | 2/28/2019 | N/A | 3/12/2019 | N/A | No | N/A | ||||||||||||||
Loan | 39 | White Building | 4/18/2019 | 4/10/2019 | N/A | 4/10/2019 | N/A | No | N/A | ||||||||||||||
Loan | 40 | 400 Karin Lane | 3/11/2019 | 1/2/2019 | N/A | 1/2/2019 | N/A | No | N/A | ||||||||||||||
Loan | 9 | 41 | Rockingham Square | 2/7/2019 | 11/12/2018 | N/A | 4/2/2019 | N/A | No | N/A | |||||||||||||
Loan | 42 | Robin Springs | 1/8/2019 | 12/14/2018 | N/A | 12/14/2018 | N/A | No | N/A | ||||||||||||||
Loan | 43 | Greenfield Towne Center II | 1/22/2019 | 1/16/2019 | N/A | 1/16/2019 | N/A | No | N/A | ||||||||||||||
Loan | 44 | Kachina Self Storage | 2/25/2019 | 2/18/2019 | N/A | 2/18/2019 | N/A | No | N/A | ||||||||||||||
Loan | 45 | Swifts MHP | 2/14/2019 | 2/4/2019 | N/A | 2/4/2019 | N/A | No | N/A | ||||||||||||||
Loan | 46 | Beach Crossing | 12/9/2018 | 11/28/2018 | N/A | 11/28/2018 | N/A | No | N/A |
A-1-11
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/ Investor Carry |
Loan | 5 | 1 | 9201 West Sunset Boulevard | |||||||
Loan | 5, 6, 7, 10, 13 | 2 | SoCal Retail Portfolio | |||||||
Property | 2.01 | The Springs | ||||||||
Property | 2.02 | Summerwood | ||||||||
Property | 2.03 | Food 4 Less – Target Center | ||||||||
Property | 2.04 | El Super Center | ||||||||
Property | 2.05 | Island Plaza | ||||||||
Property | 2.06 | Baldwin Park Promenade | ||||||||
Property | 2.07 | Lynwood Plaza | ||||||||
Property | 2.08 | El Cajon (CVS) | ||||||||
Property | 2.09 | Loma Vista | ||||||||
Property | 2.10 | MLK Medical | ||||||||
Property | 2.11 | Hawthorne Plaza | ||||||||
Property | 2.12 | Five Points Plaza | ||||||||
Property | 2.13 | Towne Center Square | ||||||||
Property | 2.14 | Camarillo | ||||||||
Loan | 9, 12 | 3 | Marriott San Diego Mission Valley | |||||||
Loan | 5 | 4 | ILPT Hawaii Portfolio | |||||||
Loan | 5, 12 | 5 | Tower 28 | |||||||
Loan | 9, 14 | 6 | Doubletree Modesto | |||||||
Loan | 5, 15 | 7 | FedEx Niles | |||||||
Loan | 8 | 8 | Lake Meadows Shopping Center | |||||||
Loan | 8, 16 | 9 | Shoppes at Fox River | |||||||
Loan | 10 | Columbia Corporate Center | ||||||||
Loan | 5, 17 | 11 | The Block Northway | |||||||
Loan | 5 | 12 | 65 Broadway | |||||||
Loan | 13 | Avalon at Seven Hills | ||||||||
Loan | 5 | 14 | AC by Marriott San Jose | |||||||
Loan | 5 | 15 | Westin Atlanta Airport | |||||||
Loan | 16 | Storage Xxtra Highway 85 | ||||||||
Loan | 17 | Olive Branch Commons | ||||||||
Loan | 18 | Fayetteville Commons | ||||||||
Loan | 5, 6, 7, 9 | 19 | Shelbourne Global Portfolio II | |||||||
Property | 19.01 | White Clay Office Park | ||||||||
Property | 19.02 | University Office Plaza | ||||||||
Loan | 9, 18 | 20 | 5880 Nolensville | |||||||
Loan | 21 | Fairfield Inn & Suites Raleigh Cary | ||||||||
Loan | 5 | 22 | 3 Columbus Circle | |||||||
Loan | 19 | 23 | Fairfield Inn & Suites Lubbock | |||||||
Loan | 12 | 24 | 3425 Gates Place | |||||||
Loan | 25 | Country Club on Legacy | ||||||||
Loan | 26 | Aquataina Wescott | ||||||||
Loan | 6, 11 | 27 | WWSA Mixed Use Portfolio | |||||||
Property | 27.01 | 112-120 West Washington and 117 South Ashley Street | ||||||||
Property | 27.02 | 400 West Front Street I | ||||||||
Loan | 11 | 28 | 400 West Front Street II | |||||||
Loan | 29 | Midland Center | ||||||||
Loan | 6, 9 | 30 | Pangea 23 | |||||||
Property | 30.01 | 5100-5104 West Madison Street | ||||||||
Property | 30.02 | 7406 South Perry Avenue | ||||||||
Property | 30.03 | 4653-4659 West Jackson Boulevard | ||||||||
Property | 30.04 | 1121-1125 West 127th Street | ||||||||
Property | 30.05 | 5100-5104 West Monroe Street | ||||||||
Property | 30.06 | 6921-6925 South Cornell Avenue | ||||||||
Property | 30.07 | 5036-5044 West Quincy Street | ||||||||
Property | 30.08 | 1630 South Sawyer Avenue | ||||||||
Property | 30.09 | 7812-7814 South Emerald Avenue | ||||||||
Property | 30.10 | 2704-2710 East 83rd Street | ||||||||
Loan | 20 | 31 | 856 Greene Avenue | |||||||
Loan | 32 | Hampton Inn Milledgeville | ||||||||
Loan | 7, 8, 12 | 33 | Serene Plaza | |||||||
Loan | 34 | Lake Jackson Center | ||||||||
Loan | 35 | Parkwood Village | ||||||||
Loan | 12 | 36 | Coral Ridge Office | |||||||
Loan | 37 | Autumn Grove Plaza | ||||||||
Loan | 38 | River Mall Plaza | ||||||||
Loan | 39 | White Building | ||||||||
Loan | 40 | 400 Karin Lane | ||||||||
Loan | 9 | 41 | Rockingham Square | |||||||
Loan | 42 | Robin Springs | ||||||||
Loan | 43 | Greenfield Towne Center II | ||||||||
Loan | 44 | Kachina Self Storage | ||||||||
Loan | 45 | Swifts MHP | ||||||||
Loan | 46 | Beach Crossing |
A-1-12
MSC 2019-H6 | |
Footnotes to Annex A-1 | |
(1) | MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; AREF—Argentic Real Estate Finance LLC; SMC—Starwood Mortgage Capital LLC; CCRE—Cantor Commercial Real Estate Lending, L.P.; UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York. |
(2) | Certain tenants may not be in occupancy or may be in free rent periods. See“Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this preliminary prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans which are not in occupancy or are in free rent periods. |
(3) | The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan. |
(4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See“Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations”for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans. |
(5) | Each of the 9201 West Sunset Boulevard Mortgage Loan (Mortgage Loan No. 1), the SoCal Retail Portfolio Mortgage Loan (Mortgage Loan No. 2), the ILPT Hawaii Portfolio Mortgage Loan (Mortgage Loan No. 4), the Tower 28 Mortgage Loan (Mortgage Loan No. 5), the FedEx Niles Mortgage Loan (Mortgage Loan No. 7), The Block Northway Mortgage Loan (Mortgage Loan No. 11), the 65 Broadway Mortgage Loan (Mortgage Loan No. 12), the AC by Marriott San Jose Mortgage Loan (Mortgage Loan No. 14), the Westin Atlanta Airport Mortgage Loan (Mortgage Loan No. 15), the Shelbourne Global Portfolio II Mortgage Loan (Mortgage Loan No. 19) and the 3 Columbus Circle Whole Loan (Mortgage Loan No. 22) is part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”,”—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”,”—The ILPT Hawaii Portfolio Whole Loan,” “—The Non-Serviced Pari Passu-AB Whole Loans” and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this preliminary prospectus. |
(6) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, Mortgage Loan No. 19, Shelbourne Global Portfolio II, Mortgage Loan No. 27, WWSA Mixed Use Portfolio, and Mortgage Loan No. 30, Pangea 23, each such Mortgage Loan is secured by multiple properties. For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or Underwritten NCF, among other methods. |
(7) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, Mortgage Loan No. 19, Shelbourne Global Portfolio II and Mortgage Loan No. 33, Serene Plaza, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related Mortgage Loan, and in the case of Mortgage Loan No. 2, SoCal Retail Portfolio, permit a partial severance of the Mortgage Loan and the portfolio of Mortgaged Properties into two or more unrelated Mortgage Loans and pools of Mortgaged Properties. See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Partial Releases, Substitutions and Additions” in this preliminary prospectus. |
(8) | With respect to Mortgage Loan No. 8, Lake Meadows Shopping Center, Mortgage Loan No. 9, Shoppes at Fox River and Mortgage Loan No. 33, Serene Plaza, the related loan documents permit one or more outparcel or other releases without prepayment or defeasance. See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases, Substitutions and Additions” in this preliminary prospectus. |
(9) | With respect to Mortgage Loan No. 3, Marriott San Diego Mission Valley, Mortgage Loan No. 6, Doubletree Modesto, Mortgage Loan No. 19, Shelbourne Global Portfolio II, Mortgage Loan No. 20, 5880 Nolensville, Mortgage Loan No. 30, Pangea 23, and Mortgage Loan No. 41, Rockingham Square, the related mortgage loan documents permit future mezzanine financing and such rights are generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See“Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” and “—Other Secured Indebtedness”in this preliminary prospectus. |
(10) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, 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, Substitutions and Additions” in this preliminary prospectus. |
A-1-13
(11) | With respect to Mortgage Loan Nos. 27 and 28, WWSA Mixed Use Portfolio and 400 West Front Street II, the loans are cross-collateralized and cross-defaulted. For the purposes of the statistical information set forth in the preliminary prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Rooms calculations are shown on an aggregate basis. |
(12) | With respect to Mortgage Loan No. 3, Marriott San Diego Mission Valley, the Appraised Value excludes the $2,175,000 of excess land that has been ground leased to an affiliate. The Cut-off Date LTV Ratio and LTV Ratio at Maturity are based on the $91,625,000 appraised value. |
With respect to Mortgage Loan No. 5, Tower 28, the Appraised Value includes $55,000,000 attributable to the net present value of a 421-a tax abatement applicable to the Mortgaged Property. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $280,000,000 appraised value, excluding the net present value of the tax abatement are 40.0% and 34.5%, respectively, for the Mortgage Loan and 58.9% and 51.3% respectively, for the related Whole Loan. | |
With respect to Mortgage Loan No. 24, 3425 Gates Place, the $14,000,000 Appraised Value of the Mortgaged Property includes $2,400,000 attributable to two J-51 tax abatements and one J-51 tax exemption. Based on the “as-is” appraised value of $11,600,000, the Cut-off Date LTV Ratio is 77.6% and the Maturity Date LTV Ratio is 77.6%. | |
With respect to Mortgage Loan No. 33, Serene Plaza, the underwritten appraised value is an “As-Is” appraised value of $8,000,000. Such appraisal was based on a conceptual site plan provided by the borrower, which proposes subdividing the Mortgaged Property into 3.22 acres allocated to the current office improvements and 0.90 acres of developable land through reconfiguration of surface parking, demolition of a freestanding Comerica motor bank and relocation of some of the motor bank drive-through lanes to an existing Comerica Bank ATM drive-through on the south side of the office improvements. The appraisal reflects the extraordinary assumption that such conceptual site plan is reasonable and achievable, that all of the existing parking spaces lost can be replaced on the remaining site, and that there is no impairment to the office improvements from a reconfiguration of the parking or drive-through lanes. If the parking is not replaced, or the configuration plan changes or is illegal or unfeasible, or Comerica Bank does not allow such reconfiguration, or the cost or scope of work differs from that estimated by the appraiser, the size and existence of the developable land could be impacted and the value conclusions in the appraisal could be impacted. | |
With respect to Mortgage Loan No. 36, Coral Ridge Office, the Appraised Value represents the “as-stabilized” value of $7,600,000, which assumes rent from tenant Frontier Surgical Holdings which is in the process of building out its leased space at the related mortgaged property and expected to take occupancy in October 2019. Based on the “as-is” appraised value of $7,400,000, the Cut-off Date LTV Ratio is 67.6% and the Maturity Date LTV Ratio is 67.6%. At origination an occupancy reserve in the amount of $850,000 and a landlord work reserve in the amount of $150,000 were funded. | |
(13) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, the borrowers escrowed an initial TI/LC reserve of $3,000,000 at closing and are required to escrow monthly TI/LC reserves of $123,435.92, upon the TI/LC reserve balance being less than $1,000,000, subject to a cap of $3,000,000. |
(14) | With respect to Mortgage Loan No.6, Doubletree Modesto, the mortgaged property contains 58,697 SF of office space and 2,757 SF of retail space, which are included in Underwritten NOI, Most Recent NOI, Second Most Recent NOI and Third Most Recent NOI, but are not included in Occupancy. |
(15) | With respect to Mortgage Loan No. 7, FedEx Niles, the mortgage loan and the related whole loan accrues interest at a rate of 4.2320% per annum (the “Initial Interest Rate”) through the anticipated repayment date of June 1, 2029 (the “ARD”). After the ARD, the related whole loan will accrue interest at a per annum rate (the “Adjusted Rate”), equal to the lesser of (i) the Initial Interest Rate plus 4.0000%, and (ii) the greater of (a) the Initial Interest Rate plus 2.5000% and (b) the Treasury Rate (as defined below) plus 2.5000%. In addition, on each monthly payment date after the ARD, (i) the related whole loan requires a constant monthly payment of $228,262.31, to be applied first to interest at the Initial Interest Rate and then to principal, and (ii) all excess cash flow from the mortgaged property is required to be collected by the lender and applied to reduce the principal balance of the related whole loan until the entire outstanding principal balance of the related whole loan is paid in full, and then to pay accrued interest on the related whole loan which has accrued at the excess of the Adjusted Rate over the Initial Interest Rate (“Excess Interest”) and has been deferred until repayment of the related whole loan. “Treasury Rate” means, as of the ARD, the yield, calculated by the lender by linear interpolation (rounded to the nearest 0.001%) of the yields of non-inflation adjusted noncallable United States Treasury obligations with terms (one longer and one shorter) most nearly approximating the period from such date of determination to the final maturity date, as determined by the lender on the basis of Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities, or another recognized source of financial market information selected by the lender. |
(16) | With respect to Mortgage Loan No. 9, Shoppes at Fox River, in lieu of an ongoing TI/LC reserve and excess cash flow sweeps tied to major tenant triggers, the borrower posted a letter of credit in the amount of $1,250,000 which is held by the lender as additional collateral throughout the term of the mortgage loan. |
A-1-14
(17) | With respect to Mortgage Loan No. 11, The Block Northway, an achievement reserve in the amount of $2,200,000 was escrowed at origination. The lender will release the funds in the achievement reserve upon borrower request, provided that, at such time, among other things, the debt yield is not less than 9.0%. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are based on The Block Northway whole loan net of the $2,200,000 debt yield achievement reserve. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield without netting the debt yield achievement reserve are 8.8% and 8.7%, respectively. |
(18) | With respect to Mortgage Loan No. 20, 5880 Nolensville, the mortgage loan accrues interest at a rate of 4.6470% per annum (the “Initial Interest Rate”) through the anticipated repayment date of March 6, 2029 (the “ARD”). After the ARD, if the mortgage loan remains outstanding, (a) all excess cash flow with respect to the mortgaged property is required to be applied to repay the mortgage loan and (b) the mortgage loan will accrue interest at an interest rate equal to the sum of (x) the Initial Interest Rate plus (y) 4.0000% (the “Extended Term Interest Rate”) through the final maturity date of December 6, 2029, with all interest accrued at the excess of the Extended Term Interest Rate over the Initial Interest Rate deferred and due and payable with the repayment of the mortgage loan in full. |
(19) | With respect to Mortgage Loan No. 23, Fairfield Inn & Suites Lubbock, the borrower is required to make monthly FF&E deposits equal to 1/12 of: (i) 2% of annual gross revenue for the first two years of the loan term, (ii) 3% of annual gross revenue for the third year of the loan term and (iii) 4% of annual gross revenue thereafter. |
(20) | With respect to Mortgage Loan No. 31, 856 Greene Avenue, the Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the $425,000 Earnout reserve. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield without netting the Earnout reserve are 6.5% and 6.5%, respectively. The Cut-off Date LTV Ratio based on the “As-Is” appraised value and net of the $425,000 Earnout reserve is 65.6%. The Cut-off Date LTV Ratio and Maturity date LTV Ratio based on the “As-Stabilized” appraised value of $9,100,000 as of October 1, 2019 is 68.1%. |
A. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of any applicable prepayment, or (b) the present value as of the Prepayment Date of the Calculated Payments determined by discounting such payments at the Discount Rate. As used in this definition, (i) the term “Prepayment Date” means the date on which the applicable prepayment is made; (ii) the term “Calculated Payments” means the monthly payments of interest only which would be due from the Prepayment Date through the Permitted Prepayment Date based on the Principal amount of the Mortgage Loan being prepaid on the Prepayment Date and assuming an interest rate per annum in the amount, if any, by which the Interest Rate exceeds the Yield Maintenance Treasury Rate; (iii) the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. The calculation of the Yield Maintenance Premium shall be made by Lender and shall, absent manifest error, be final, conclusive and binding upon the parties. |
B. | “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) one percent (1%) of the outstanding principal amount of the Mortgage Loan or (b) the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Open Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (i) the Interest Rate and (ii) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
C. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Mortgage Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semiannually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
A-1-15
D. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Initial Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Permitted Prepayment Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
E. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (A) during the continuation of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) |
F. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (A) if such prepayment is made after the Prepayment Lockout Expiration Date, one percent (1%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) if such prepayment is made prior to the Prepayment Lockout Expiration Date, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest on the Loan from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) |
G. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (A) during the continuation of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) |
H. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (A) during the continuation of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) |
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