FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-227784-04 | ||
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| UBS Commercial Mortgage Trust 2019-C17 Disclaimer |
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| STATEMENT REGARDING THIS FREE WRITING PROSPECTUS |
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| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-227784) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-877-713-1030 (8 a.m. – 5 p.m. EST). |
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| Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time. |
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| STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION |
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| The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of UBS Securities LLC, Wells Fargo Securities, LLC, CIBC World Markets Corp., Drexel Hamilton, LLC, Academy Securities, Inc., Bancroft Capital, LLC, and Brean Capital, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us. |
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| This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement. |
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| IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES |
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| The information herein is preliminary and may be supplemented or amended prior to the time of sale. In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. |
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| The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials. |
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| The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale. |
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| IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS |
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| Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system |
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Mortgage Loan Originator | Mortgage Loan Seller(1) | Cross-Collateralized and Cross-Defaulted | Address | City | County | State | Zip Code |
1 | Loan | Grand Canal Shoppes | Wells Fargo Bank, N.A.; Morgan Stanley Bank, N.A.; JPMorgan Chase Bank, National Association; Goldman Sachs Bank USA | WFB/UBS AG | No | 3327 & 3377 Las Vegas Boulevard South | Las Vegas | Clark | NV | 89109 |
2 | Loan | Phoenix Industrial Portfolio II | UBS AG | UBS AG | No | Various | Various | Various | Various | Various |
2.01 | Property | Flint | UBS AG | UBS AG | No | 4444 West Maple Avenue | Flint | Genesee | MI | 48507 |
2.02 | Property | Beloit | UBS AG | UBS AG | No | 1 Reynolds Drive | Beloit | Rock | WI | 53511 |
2.03 | Property | Jefferson | UBS AG | UBS AG | No | 351 Collins Road | Jefferson | Jefferson | WI | 53549 |
2.04 | Property | DuBois | UBS AG | UBS AG | No | 851-891 Beaver Drive | DuBois | Pennsylvania | PA | 15801 |
2.05 | Property | Huntsville | UBS AG | UBS AG | No | 1000 James Record Road | Huntsville | Madison | AL | 35824 |
3 | Loan | 600 & 620 National Avenue | Wells Fargo Bank, National Association; JP Morgan Chase Bank, National Association | WFB | No | 600 & 620 National Avenue | Mountain View | Santa Clara | CA | 94043 |
4 | Loan | Phoenix Industrial Portfolio I | UBS AG | UBS AG | No | Various | Various | Various | Various | Various |
4.01 | Property | Emerson | UBS AG | UBS AG | No | 5555 South Packard Avenue | Cudahy | Milwaukee | WI | 53110 |
4.02 | Property | St Francis | UBS AG | UBS AG | No | 4051 South Iowa Avenue & 4120 South Kansas Avenue | Saint Francis | Milwaukee | WI | 53235 |
4.03 | Property | Delta | UBS AG | UBS AG | No | 4931 Denton Fly Road | Milan | Gibson | TN | 38358 |
5 | Loan | 10000 Santa Monica Boulevard | Natixis Real Estate Capital LLC | UBS AG | No | 10000 Santa Monica Boulevard | Los Angeles | Los Angeles | CA | 90067 |
6 | Loan | Global Data Center | Wells Fargo Bank, National Association | WFB | No | 101 Troutman Road | Collegeville | Montgomery | PA | 19426 |
7 | Loan | Waramaug Florida Hotel Portfolio | BSPRT CMBS Finance, LLC | RREF | No | Various | Various | Various | FL | Various |
7.01 | Property | Residence Inn – Port St. Lucie | BSPRT CMBS Finance, LLC | RREF | No | 1920 Southwest Fountainview Boulevard | Port St. Lucie | St. Lucie | FL | 34986 |
7.02 | Property | Springhill Suites – Tallahassee Central | BSPRT CMBS Finance, LLC | RREF | No | 1300 Executive Center Drive | Tallahassee | Leon | FL | 32301 |
8 | Loan | The Chantilly Office Portfolio | UBS AG | UBS AG | No | Various | Chantilly | Fairfax | VA | 20151 |
8.01 | Property | Stoneleigh I | UBS AG | UBS AG | No | 4800 Westfields Boulevard | Chantilly | Fairfax | VA | 20151 |
8.02 | Property | Stoneleigh II | UBS AG | UBS AG | No | 4840 Westfields Boulevard | Chantilly | Fairfax | VA | 20151 |
8.03 | Property | Glenview II | UBS AG | UBS AG | No | 14155 Newbrook Drive | Chantilly | Fairfax | VA | 20151 |
8.04 | Property | Glenview I | UBS AG | UBS AG | No | 14151 Newbrook Drive | Chantilly | Fairfax | VA | 20151 |
8.05 | Property | Glenbrook III | UBS AG | UBS AG | No | 14150 Newbrook Drive | Chantilly | Fairfax | VA | 20151 |
9 | Loan | Fresenius Salt Lake | LCF | LCF | No | 3702 S. State Street | Salt Lake City | South Salt Lake | UT | 84115 |
10 | Loan | Centrepointe Plaza | RMF | RMF | No | 1040-1100 South Mt. Vernon Avenue | Colton | San Bernardino | CA | 92324 |
11 | Loan | Nostrand Place | BSPRT CMBS Finance, LLC | RREF | No | 3780-3858 Nostrand Avenue | Brooklyn | Kings | NY | 11235 |
12 | Loan | Chelmsford MHC | LCF | LCF | No | 270 Littleton Road | Chelmsford | Middlesex | MA | 1824 |
13 | Loan | Eagle Point Village Apartments | RMF | RMF | No | 830 Allonby Road | Fayetteville | Cumberland | NC | 28314 |
14 | Loan | The Black Building | CIBC Inc. | CIBC | No | 5701 Time Square Boulevard | Amarillo | Randall | TX | 79119 |
15 | Loan | 10-12 Celina Avenue | CIBC Inc. | CIBC | No | 10-12 Celina Avenue | Nashua | Hillsborough | NH | 3063 |
16 | Loan | SpringHill Suites Corona Riverside | RMF | RMF | No | 2025 Compton Avenue | Corona | Riverside | CA | 92881 |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | RMF | RMF | No | Various | Palm Springs | Riverside | CA | 92264 |
17.01 | Property | Smoke Tree Commons | RMF | RMF | No | 2465 East Palm Canyon Drive | Palm Springs | Riverside | CA | 92264 |
17.02 | Property | Smoke Tree Village | RMF | RMF | No | 1733-1793 East Palm Canyon Drive | Palm Springs | Riverside | CA | 92264 |
18 | Loan | CIRE Equity Retail & Industrial Portfolio | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | Various | Various | Various | Various | Various |
18.01 | Property | Wood Village Town Center | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 22557 Northeast Park Lane | Wood Village | Multnomah | OR | 97060 |
18.02 | Property | Pecan Promenade | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 2735-2755 South 99th Avenue and 9820-9870 West Lower Buckeye Road | Tolleson | Maricopa | AZ | 85353 |
18.03 | Property | Valley Plaza | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 3115 South McClintock Drive | Tempe | Maricopa | AZ | 85282 |
18.04 | Property | Pear Tree | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 504 East Perkins Street | Ukiah | Mendocino | CA | 95482 |
18.05 | Property | Glendale Market Square | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 5840, 5870, 5880, 5890 West Bell Road and 17045 North 59th Avenue | Glendale | Maricopa | AZ | 85308 |
18.06 | Property | Central Park Shopping Center | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 7425-7719 East Iliff Avenue and 2150 South Quebec Street | Unincorporated Arapahoe | Unincorporated Arapahoe | CO | 80231 |
18.07 | Property | Val Vista Towne Center | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 1395-1505 East Warner Road | Gilbert | Maricopa | AZ | 85296 |
18.08 | Property | 2641 Hall Ave - Riverside, CA | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 2641 Hall Avenue | Riverside | Riverside | CA | 92509 |
18.09 | Property | 606 W Troy - Indianapolis, IN | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 606 West Troy Avenue | Indianapolis | Marion | IN | 46225 |
18.10 | Property | Homeland - Bartow, FL | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 5700 US Highway 17 South | Bartow | Polk | FL | 33830 |
18.11 | Property | 2621 Hall Ave - Riverside, CA | Deutsche Bank AG, New York Branch; UBS AG | UBS AG | No | 2621 Hall Avenue | Riverside | Riverside | CA | 92509 |
19 | Loan | Courtyard by Marriott Mt. Juliet | CIBC Inc. | CIBC | No | 1980 Providence Parkway | Mount Juliet | Wilson | TN | 37122 |
20 | Loan | Hudson River Hotel | LCF | LCF | No | 442 West 36th Street | New York | New York | NY | 10018 |
21 | Loan | Hampton Inn & Suites Mt. Juliet | CIBC Inc. | CIBC | No | 5001 Crossings Circle | Mount Juliet | Wilson | TN | 37122 |
22 | Loan | Gateway Tower | UBS AG | UBS AG | No | 1 Memorial Drive | St Louis | St. Louis City | MO | 63102 |
23 | Loan | Gatlin Retail Portfolio | BSPRT CMBS Finance, LLC | RREF | No | Various | Various | Various | Various | Various |
23.01 | Property | The Forum at Gateways | BSPRT CMBS Finance, LLC | RREF | No | 44575 Mound Road | Sterling Heights | Macomb | MI | 48314 |
23.02 | Property | Wilson Square Shopping Center | BSPRT CMBS Finance, LLC | RREF | No | 6855 Wilson Boulevard | Jacksonville | Duval | FL | 32210 |
24 | Loan | Ambler Yards | UBS AG | UBS AG | No | 300 Brookside Avenue | Ambler | Montgomery | PA | 19002 |
25 | Loan | Blackmore Marketplace | UBS AG | UBS AG | No | 5030-5040, 5063, 5091 East 2nd Street and 401-555 Newport Road | Casper | Natrona | WY | 82609 |
26 | Loan | Maui Portfolio | UBS AG | UBS AG | No | Various | Various | Maui | HI | Various |
26.01 | Property | Maui Beach Hotel | UBS AG | UBS AG | No | 170 West Kaahumanu Avenue | Kahului | Maui | HI | 96732 |
26.02 | Property | Maui Nui Golf Course | UBS AG | UBS AG | No | 470 Lipoa Parkway | Kihei | Maui | HI | 96753 |
27 | Loan | Motus Headquarters | LCF | LCF | No | 88 East 48th Street | Holland | Allegan | MI | 49423 |
28 | Loan | Comfort Inn & Suites - Seattle | UBS AG | UBS AG | No | 19333 International Boulevard | SeaTac | King | WA | 98188 |
29 | Loan | Landing at Fancher Creek | Wells Fargo Bank, National Association | WFB | No | 921 North Peach Avenue | Fresno | Fresno | CA | 93727 |
30 | Loan | The Bijou Building | Wells Fargo Bank, National Association | WFB | No | 1221-1235 Hermosa Avenue | Hermosa Beach | Los Angeles | CA | 90254 |
31 | Loan | Howell Industrial Portfolio | LCF | LCF | No | 1051-1199 Austin Court | Howell | Livingston | MI | 48843 |
31.01 | Property | Hatch Stamping | LCF | LCF | No | 1051 Austin Court | Howell | Livingston | MI | 48843 |
31.02 | Property | TK Holdings | LCF | LCF | No | 1199 Austin Court | Howell | Livingston | MI | 48843 |
32 | Loan | Pikeville Commons | LCF | LCF | No | 111 Justice Way | Pikeville | Pike | KY | 41501 |
33 | Loan | Courtyard by Marriott Secaucus | BSPRT CMBS Finance, LLC | RREF | No | 455 Harmon Meadow Boulevard | Secaucus | Hudson | NJ | 7094 |
34 | Loan | Meidinger Tower | UBS AG | UBS AG | No | 462 South 4th Street | Louisville | Louisville/Jefferson | KY | 40202 |
35 | Loan | The Cliffs at Waterford | BSPRT CMBS Finance, LLC | RREF | No | 859 Cliff Circle | Spring Lake | Cumberland | NC | 28390 |
36 | Loan | Staybridge Suites Benton Harbor | BSPRT CMBS Finance, LLC | RREF | No | 1275 Cinema Way | Benton Harbor | Berrien | MI | 49022 |
37 | Loan | Home2 Suites Cartersville | RMF | RMF | No | 1320 East Main Street | Cartersville | Bartow | GA | 30120 |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Mortgage Loan Originator | Mortgage Loan Seller(1) | Cross-Collateralized and Cross-Defaulted | Address | City | County | State | Zip Code |
38 | Loan | Corporate Place | Wells Fargo Bank, National Association | WFB | No | 3150 Corporate Place | Hayward | Alameda | CA | 94545 |
39 | Loan | New Hampshire Self Storage Portfolio | RMF | RMF | No | Various | Various | Rockingham | NH | Various |
39.01 | Property | Seacoast Self Storage | RMF | RMF | No | 219 Lafayette Road | North Hampton | Rockingham | NH | 3862 |
39.02 | Property | Derry Self Storage | RMF | RMF | No | 23 Ashleigh Drive | Derry | Rockingham | NH | 3038 |
40 | Loan | Springhill Suites Auburn Hills | BSPRT CMBS Finance, LLC | RREF | No | 4919 Interpark Drive | Lake Orion | Oakland | MI | 48359 |
41 | Loan | San Antonio Hotel Portfolio | CIBC Inc. | CIBC | No | Various | Various | Bexar | TX | Various |
41.01 | Property | La Quinta San Antonio | CIBC Inc. | CIBC | No | 6111 Interstate Highway 10 East | San Antonio | Bexar | TX | 78219 |
41.02 | Property | Best Western Elmendorf | CIBC Inc. | CIBC | No | 20015 Eagle Ford Way | Elmendorf | Bexar | TX | 78112 |
42 | Loan | Best Western El Grande Inn | CIBC Inc. | CIBC | No | 15135 Lakeshore Drive | Clearlake | Lake | CA | 95422 |
43 | Loan | MainStay Suites Grantville Hershey | RMF | RMF | No | 105 Kelley Court | Grantville | Dauphin | PA | 17028 |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | RMF | RMF | No | 3060 U.S. Highway 19 | Holiday | Pasco | FL | 34691 |
45 | Loan | Indian Lake West Plaza | RMF | RMF | No | 259 Indian Lake Boulevard | Hendersonville | Sumner | TN | 37075 |
46 | Loan | El Segundo Plaza | UBS AG | UBS AG | No | 215-275 Main Street | El Segundo | Los Angeles | CA | 90245 |
47 | Loan | Hampton Inn Belton | RMF | RMF | No | 16410 Cornerstone Drive | Belton | Cass | MO | 64012 |
48 | Loan | 87 East 4th Street | LCF | LCF | No | 87 East 4th Street | New York | New York | NY | 10003 |
49 | Loan | Norman’s Crossing | UBS AG | UBS AG | No | 365 Peachtree Parkway | Cumming | Forsyth | GA | 30041 |
50 | Loan | Windsor Park Apartments | Wells Fargo Bank, National Association | WFB | No | 3001 Arroyo Drive | Victoria | Victoria | TX | 77901 |
51 | Loan | Walgreens Douglasville | LCF | LCF | No | 3851 Chapel Hill Road | Douglasville | Douglas | GA | 30135 |
52 | Loan | Northern Hills Shopping Center | RMF | RMF | No | 12311 Nacogdoches Road | San Antonio | Bexar | TX | 78217 |
53 | Loan | Webb’s Plaza | RMF | RMF | No | 800-850 3rd Avenue South | Saint Petersburg | Pinellas | FL | 33701 |
54 | Loan | Walgreens Tupelo | LCF | LCF | No | 834 Barnes Crossing Road | Tupelo | Lee | MS | 38804 |
55 | Loan | Best Western Plus - Newport News | RMF | RMF | No | 500 Operations Drive | Newport News | City of Newport News | VA | 23602 |
56 | Loan | Nut Tree 1670 | Wells Fargo Bank, National Association | WFB | No | 1670 East Monte Vista Avenue | Vacaville | Solano | CA | 95687 |
57 | Loan | Parkway Village West | UBS AG | UBS AG | No | 3071-3141 South Perkins Road & 4660-4690 Knight Arnold Road | Memphis | Shelby | TN | 38118 |
58 | Loan | Walgreens Lexington | LCF | LCF | No | 5220 Sunset Boulevard | Lexington | Lexington | SC | 29072 |
59 | Loan | Military Plaza | RMF | RMF | No | 1456 - 1528 Military Road | Benton | Saline | AR | 72015 |
60 | Loan | Ashgrove Apartments | RMF | RMF | No | 481 Hambrick Road | Stone Mountain | DeKalb | GA | 30083 |
61 | Loan | Eagle Springs Professional Center | RMF | RMF | No | 5510 and 5514 Atascocita Road | Humble | Harris | TX | 77346 |
62 | Loan | Safe and Sound Storage | BSPRT CMBS Finance, LLC | RREF | No | 9807 Maurice Avenue | Maurice | Vermilion | LA | 70555 |
63 | Loan | Twin Oaks Apartments | BSPRT CMBS Finance, LLC | RREF | No | 915, 935 and 1015 South Court Street | Circleville | Pickaway | OH | 43113 |
64 | Loan | Cavalier Manor Apartments | BSPRT CMBS Finance, LLC | RREF | No | 24563 Kelly Road | Eastpointe | Macomb | MI | 48021 |
65 | Loan | Ludington Retail Center | UBS AG | UBS AG | No | 5530-5560 West US-10 | Ludington | Mason | MI | 49431 |
66 | Loan | Dollar General Fayette | LCF | LCF | No | 599 South Church Street | Fayette | Howard | MO | 65248 |
67 | Loan | FedEx Muncie | BSPRT CMBS Finance, LLC | RREF | No | 3801 South Cowan Road | Muncie | Delaware | IN | 47302 |
68 | Loan | Dollar General Centralia | LCF | LCF | No | 1948 East McCord Street | Centralia | Marion | IL | 62801 |
69 | Loan | Dollar General Hubbard Lake | LCF | LCF | No | 1697 West Hubert Street | Hubbard Lake | Alcona | MI | 49747 |
70 | Loan | Dollar General Trenton | LCF | LCF | No | 201 Main Street | Trenton | Grundy | MO | 64683 |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | General Property Type | Specific Property Type | Number of Properties | Year Built | Year Renovated | Number of Units(20) | Unit of Measure(20) | Cut-off Date Balance Per Unit/SF(3) | Original Balance(3) | Cut-off Date Balance(3) | % of Aggregate Cut-off Date Balance | Maturity Date or Anticipated Repayment Date | Maturity Balance | ARD | Final Maturity Date | Origination Date | First Pay Date |
1 | Loan | Grand Canal Shoppes | Retail | Specialty Retail | 1 | 1999 | 2007 | 759,891 | Sq. Ft. | 1,000 | 50,384,615 | 50,384,615 | 6.2% | 7/1/2029 | 50,384,615 | No | N/A | 6/3/2019 | 8/1/2019 |
2 | Loan | Phoenix Industrial Portfolio II | Industrial | Various | 5 | Various | Various | 2,390,648 | Sq. Ft. | 28 | 40,000,000 | 40,000,000 | 5.0% | 10/6/2029 | 34,974,966 | No | N/A | 9/10/2019 | 11/6/2019 |
2.01 | Property | Flint | Industrial | Manufacturing | 1 | 2006 | N/A | 460,000 | Sq. Ft. | 9,770,992 | 9,770,992 | 1.2% | 8,543,503 | ||||||
2.02 | Property | Beloit | Industrial | Warehouse | 1 | 1974 | 2011 | 413,903 | Sq. Ft. | 8,462,377 | 8,462,377 | 1.0% | 7,399,284 | ||||||
2.03 | Property | Jefferson | Industrial | Warehouse | 1 | 1995-2014 | N/A | 591,840 | Sq. Ft. | 8,375,136 | 8,375,136 | 1.0% | 7,323,003 | ||||||
2.04 | Property | DuBois | Industrial | Warehouse | 1 | 1961; 1988 | 1988 | 612,800 | Sq. Ft. | 8,375,136 | 8,375,136 | 1.0% | 7,323,003 | ||||||
2.05 | Property | Huntsville | Industrial | Warehouse | 1 | 1976 | 2017 | 312,105 | Sq. Ft. | 5,016,358 | 5,016,358 | 0.6% | 4,386,173 | ||||||
3 | Loan | 600 & 620 National Avenue | Office | Suburban | 1 | 2017 | N/A | 151,064 | Sq. Ft. | 913 | 38,950,000 | 38,950,000 | 4.8% | 9/11/2029 | 38,950,000 | No | N/A | 9/11/2019 | 10/11/2019 |
4 | Loan | Phoenix Industrial Portfolio I | Industrial | Warehouse | 3 | Various | Various | 1,181,569 | Sq. Ft. | 28 | 33,000,000 | 32,950,297 | 4.1% | 9/6/2029 | 25,976,518 | No | N/A | 8/9/2019 | 10/6/2019 |
4.01 | Property | Emerson | Industrial | Warehouse | 1 | 1952 | 1995-1996; 2016-2017 | 435,695 | Sq. Ft. | 16,790,000 | 16,764,712 | 2.1% | 13,216,538 | ||||||
4.02 | Property | St Francis | Industrial | Warehouse | 1 | 1940; 1997 | 1970; 1992 | 398,987 | Sq. Ft. | 11,750,000 | 11,732,303 | 1.5% | 9,249,215 | ||||||
4.03 | Property | Delta | Industrial | Warehouse | 1 | 1989-1992 | 2019 | 346,887 | Sq. Ft. | 4,460,000 | 4,453,283 | 0.6% | 3,510,766 | ||||||
5 | Loan | 10000 Santa Monica Boulevard | Multifamily | High Rise | 1 | 2017 | N/A | 281 | Units | 782,918 | 25,000,000 | 25,000,000 | 3.1% | 5/6/2029 | 25,000,000 | No | N/A | 4/12/2019 | 6/6/2019 |
6 | Loan | Global Data Center | Other | Data Center | 1 | 2009 | N/A | 203,702 | Sq. Ft. | 182 | 25,000,000 | 25,000,000 | 3.1% | 8/11/2029 | 25,000,000 | No | N/A | 8/6/2019 | 9/11/2019 |
7 | Loan | Waramaug Florida Hotel Portfolio | Hospitality | Various | 2 | Various | 2016 | 213 | Rooms | 114,554 | 24,400,000 | 24,400,000 | 3.0% | 9/6/2029 | 21,132,241 | No | N/A | 8/23/2019 | 10/6/2019 |
7.01 | Property | Residence Inn – Port St. Lucie | Hospitality | Extended Stay | 1 | 2009 | 2016 | 125 | Rooms | 14,400,000 | 14,400,000 | 1.8% | 12,471,487 | ||||||
7.02 | Property | Springhill Suites – Tallahassee Central | Hospitality | Limited Service | 1 | 2008 | 2016 | 88 | Rooms | 10,000,000 | 10,000,000 | 1.2% | 8,660,755 | ||||||
8 | Loan | The Chantilly Office Portfolio | Office | Suburban | 5 | Various | N/A | 429,126 | Sq. Ft. | 108 | 24,000,000 | 24,000,000 | 3.0% | 6/6/2029 | 24,000,000 | No | N/A | 5/16/2019 | 7/6/2019 |
8.01 | Property | Stoneleigh I | Office | Suburban | 1 | 2006 | N/A | 109,598 | Sq. Ft. | 6,130,744 | 6,130,744 | 0.8% | 6,130,744 | ||||||
8.02 | Property | Stoneleigh II | Office | Suburban | 1 | 2006 | N/A | 106,547 | Sq. Ft. | 5,959,871 | 5,959,871 | 0.7% | 5,959,871 | ||||||
8.03 | Property | Glenview II | Office | Suburban | 1 | 2000 | N/A | 77,427 | Sq. Ft. | 4,328,803 | 4,328,803 | 0.5% | 4,328,803 | ||||||
8.04 | Property | Glenview I | Office | Suburban | 1 | 2000 | N/A | 76,760 | Sq. Ft. | 4,292,557 | 4,292,557 | 0.5% | 4,292,557 | ||||||
8.05 | Property | Glenbrook III | Office | Suburban | 1 | 2000 | N/A | 58,794 | Sq. Ft. | 3,288,026 | 3,288,026 | 0.4% | 3,288,026 | ||||||
9 | Loan | Fresenius Salt Lake | Office | Medical | 1 | 2018 | N/A | 51,591 | Sq. Ft. | 407 | 21,000,000 | 20,973,336 | 2.6% | 9/6/2029 | 17,095,410 | No | N/A | 9/6/2019 | 10/6/2019 |
10 | Loan | Centrepointe Plaza | Retail | Anchored | 1 | 1992 | 2006; 2018 | 115,424 | Sq. Ft. | 178 | 20,500,000 | 20,500,000 | 2.5% | 7/6/2029 | 17,671,134 | No | N/A | 7/1/2019 | 8/6/2019 |
11 | Loan | Nostrand Place | Mixed Use | Retail/Office | 1 | 1959 | 2018 | 70,293 | Sq. Ft. | 284 | 19,995,000 | 19,995,000 | 2.5% | 9/6/2029 | 18,221,977 | No | N/A | 8/22/2019 | 10/6/2019 |
12 | Loan | Chelmsford MHC | Manufactured Housing Community | Manufactured Housing Community | 1 | 1974 | N/A | 254 | Pads | 71,654 | 18,200,000 | 18,200,000 | 2.3% | 8/6/2029 | 16,500,928 | No | N/A | 8/1/2019 | 9/6/2019 |
13 | Loan | Eagle Point Village Apartments | Multifamily | Garden | 1 | 2006 | N/A | 300 | Units | 58,000 | 17,400,000 | 17,400,000 | 2.2% | 8/6/2029 | 15,493,525 | No | N/A | 7/30/2019 | 9/6/2019 |
14 | Loan | The Black Building | Mixed Use | Retail/Office | 1 | 2017 | N/A | 124,023 | Sq. Ft. | 134 | 16,650,000 | 16,650,000 | 2.1% | 10/1/2029 | 14,395,930 | No | N/A | 9/11/2019 | 11/1/2019 |
15 | Loan | 10-12 Celina Avenue | Industrial | Warehouse | 1 | 1979 | 1997 | 321,800 | Sq. Ft. | 51 | 16,510,000 | 16,510,000 | 2.0% | 8/1/2029 | 16,510,000 | No | N/A | 7/30/2019 | 9/1/2019 |
16 | Loan | SpringHill Suites Corona Riverside | Hospitality | Limited Service | 1 | 2009 | 2016-2017 | 130 | Rooms | 115,503 | 15,050,000 | 15,015,357 | 1.9% | 8/6/2029 | 12,346,896 | No | N/A | 7/18/2019 | 9/6/2019 |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | Retail | Anchored | 2 | Various | N/A | 281,235 | Sq. Ft. | 126 | 15,000,000 | 15,000,000 | 1.9% | 7/6/2029 | 13,766,439 | No | N/A | 7/8/2019 | 8/6/2019 |
17.01 | Property | Smoke Tree Commons | Retail | Anchored | 1 | 2008 | N/A | 171,479 | Sq. Ft. | 9,146,034 | 9,146,034 | 1.1% | 8,393,888 | ||||||
17.02 | Property | Smoke Tree Village | Retail | Anchored | 1 | 1967 | N/A | 109,756 | Sq. Ft. | 5,853,966 | 5,853,966 | 0.7% | 5,372,551 | ||||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | Various | Various | 11 | Various | Various | 1,190,355 | Sq. Ft. | 108 | 15,000,000 | 15,000,000 | 1.9% | 6/6/2029 | 15,000,000 | No | N/A | 5/9/2019 | 7/6/2019 |
18.01 | Property | Wood Village Town Center | Retail | Anchored | 1 | 2006 | N/A | 137,105 | Sq. Ft. | 2,472,047 | 2,472,047 | 0.3% | 2,472,047 | ||||||
18.02 | Property | Pecan Promenade | Retail | Anchored | 1 | 2006 | N/A | 141,485 | Sq. Ft. | 2,297,970 | 2,297,970 | 0.3% | 2,297,970 | ||||||
18.03 | Property | Valley Plaza | Retail | Anchored | 1 | 1991 | N/A | 146,226 | Sq. Ft. | 2,090,509 | 2,090,509 | 0.3% | 2,090,509 | ||||||
18.04 | Property | Pear Tree | Retail | Anchored | 1 | 1977 | 1998 | 197,437 | Sq. Ft. | 1,947,433 | 1,947,433 | 0.2% | 1,947,433 | ||||||
18.05 | Property | Glendale Market Square | Retail | Anchored | 1 | 1988 | N/A | 185,907 | Sq. Ft. | 1,844,099 | 1,844,099 | 0.2% | 1,844,099 | ||||||
18.06 | Property | Central Park Shopping Center | Retail | Anchored | 1 | 1986 | N/A | 147,563 | Sq. Ft. | 1,677,177 | 1,677,177 | 0.2% | 1,677,177 | ||||||
18.07 | Property | Val Vista Towne Center | Retail | Anchored | 1 | 2000 | N/A | 93,352 | Sq. Ft. | 1,478,459 | 1,478,459 | 0.2% | 1,478,459 | ||||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | Industrial | Warehouse | 1 | 1987; 2014 | N/A | 34,982 | Sq. Ft. | 436,352 | 436,352 | 0.1% | 436,352 | ||||||
18.09 | Property | 606 W Troy - Indianapolis, IN | Industrial | Warehouse | 1 | 1967 | 1989 | 22,860 | Sq. Ft. | 325,897 | 325,897 | 0.0% | 325,897 | ||||||
18.10 | Property | Homeland - Bartow, FL | Industrial | Warehouse | 1 | 1983 | N/A | 67,438 | Sq. Ft. | 230,512 | 230,512 | 0.0% | 230,512 | ||||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | Industrial | Warehouse | 1 | 1990 | N/A | 16,000 | Sq. Ft. | 199,544 | 199,544 | 0.0% | 199,544 | ||||||
19 | Loan | Courtyard by Marriott Mt. Juliet | Hospitality | Limited Service | 1 | 2016 | N/A | 96 | Rooms | 154,583 | 14,840,000 | 14,840,000 | 1.8% | 10/1/2029 | 11,768,136 | No | N/A | 9/11/2019 | 11/1/2019 |
20 | Loan | Hudson River Hotel | Hospitality | Limited Service | 1 | 1999 | N/A | 56 | Rooms | 253,278 | 14,200,000 | 14,183,560 | 1.8% | 9/6/2029 | 11,751,245 | No | N/A | 9/3/2019 | 10/6/2019 |
21 | Loan | Hampton Inn & Suites Mt. Juliet | Hospitality | Limited Service | 1 | 2008 | 2017; 2018 | 108 | Rooms | 128,519 | 13,880,000 | 13,880,000 | 1.7% | 10/1/2029 | 11,058,672 | No | N/A | 9/11/2019 | 11/1/2019 |
22 | Loan | Gateway Tower | Office | CBD | 1 | 1966 | 2014 | 213,229 | Sq. Ft. | 65 | 13,850,000 | 13,850,000 | 1.7% | 9/6/2029 | 12,285,530 | No | N/A | 9/11/2019 | 10/6/2019 |
23 | Loan | Gatlin Retail Portfolio | Retail | Anchored | 2 | Various | Various | 324,261 | Sq. Ft. | 73 | 13,775,000 | 13,775,000 | 1.7% | 10/6/2029 | 10,919,617 | No | N/A | 9/13/2019 | 11/6/2019 |
23.01 | Property | The Forum at Gateways | Retail | Anchored | 1 | 1998-1999 | 2002 | 256,212 | Sq. Ft. | 9,444,059 | 9,444,059 | 1.2% | 7,486,425 | ||||||
23.02 | Property | Wilson Square Shopping Center | Retail | Anchored | 1 | 1987 | 2013;2019 | 68,049 | Sq. Ft. | 4,330,941 | 4,330,941 | 0.5% | 3,433,192 | ||||||
24 | Loan | Ambler Yards | Mixed Use | Industrial/Office | 1 | 1950 | 2016 | 246,205 | Sq. Ft. | 95 | 13,300,000 | 13,300,000 | 1.6% | 6/6/2029 | 11,434,543 | No | N/A | 5/9/2019 | 7/6/2019 |
25 | Loan | Blackmore Marketplace | Retail | Anchored | 1 | 2013 | N/A | 163,926 | Sq. Ft. | 141 | 13,100,000 | 13,100,000 | 1.6% | 8/6/2029 | 11,050,516 | No | N/A | 8/9/2019 | 9/6/2019 |
26 | Loan | Maui Portfolio | Various | Various | 2 | Various | N/A | 147 | Various | 193,878 | 12,500,000 | 12,500,000 | 1.5% | 6/6/2029 | 11,241,246 | No | N/A | 5/22/2019 | 7/6/2019 |
26.01 | Property | Maui Beach Hotel | Hospitality | Full Service | 1 | 1968; 1970 | N/A | 147 | Rooms | 8,289,474 | 8,289,474 | 1.0% | 7,454,721 | ||||||
26.02 | Property | Maui Nui Golf Course | Other | Golf Course | 1 | 1987 | N/A | 178 | Acres | 4,210,526 | 4,210,526 | 0.5% | 3,786,525 | ||||||
27 | Loan | Motus Headquarters | Industrial | Warehouse | 1 | 1995 | 2004 | 320,333 | Sq. Ft. | 38 | 12,200,000 | 12,200,000 | 1.5% | 7/6/2029 | 12,200,000 | No | N/A | 6/21/2019 | 8/6/2019 |
28 | Loan | Comfort Inn & Suites - Seattle | Hospitality | Limited Service | 1 | 1987 | 2017-2018 | 119 | Rooms | 97,353 | 11,600,000 | 11,585,000 | 1.4% | 9/6/2029 | 9,411,241 | No | N/A | 9/9/2019 | 10/6/2019 |
29 | Loan | Landing at Fancher Creek | Multifamily | Garden | 1 | 1986 | 2019 | 476 | Units | 66,176 | 11,500,000 | 11,500,000 | 1.4% | 9/11/2029 | 9,746,980 | No | N/A | 9/11/2019 | 10/11/2019 |
30 | Loan | The Bijou Building | Mixed Use | Retail/Office | 1 | 1923 | 2000 | 22,801 | Sq. Ft. | 500 | 11,400,000 | 11,400,000 | 1.4% | 8/11/2029 | 11,400,000 | No | N/A | 8/5/2019 | 9/11/2019 |
31 | Loan | Howell Industrial Portfolio | Industrial | Various | 2 | Various | Various | 212,500 | Sq. Ft. | 53 | 11,250,000 | 11,235,585 | 1.4% | 9/6/2029 | 9,142,795 | No | N/A | 8/29/2019 | 10/6/2019 |
31.01 | Property | Hatch Stamping | Industrial | Manufacturing | 1 | 2005 | 2019 | 100,000 | Sq. Ft. | 6,350,000 | 6,341,863 | 0.8% | 5,160,600 | ||||||
31.02 | Property | TK Holdings | Industrial | Warehouse/Distribution | 1 | 1999 | 2013 | 112,500 | Sq. Ft. | 4,900,000 | 4,893,721 | 0.6% | 3,982,195 | ||||||
32 | Loan | Pikeville Commons | Mixed Use | Multifamily/Retail | 1 | 2014 | N/A | 121,165 | Sq. Ft. | 90 | 10,900,000 | 10,880,890 | 1.3% | 9/6/2029 | 8,063,673 | No | N/A | 8/30/2019 | 10/6/2019 |
33 | Loan | Courtyard by Marriott Secaucus | Hospitality | Limited Service | 1 | 1989 | 2019 | 168 | Rooms | 89,286 | 10,000,000 | 10,000,000 | 1.2% | 10/6/2029 | 7,270,221 | No | N/A | 9/12/2019 | 11/6/2019 |
34 | Loan | Meidinger Tower | Office | CBD | 1 | 1982 | 2006 | 331,054 | Sq. Ft. | 85 | 9,000,000 | 9,000,000 | 1.1% | 7/6/2029 | 8,065,327 | No | N/A | 7/9/2019 | 8/6/2019 |
35 | Loan | The Cliffs at Waterford | Multifamily | Garden | 1 | 2010-2011 | N/A | 144 | Units | 60,069 | 8,650,000 | 8,650,000 | 1.1% | 10/6/2029 | 8,650,000 | No | N/A | 9/11/2019 | 11/6/2019 |
36 | Loan | Staybridge Suites Benton Harbor | Hospitality | Extended Stay | 1 | 2017 | N/A | 88 | Rooms | 96,464 | 8,500,000 | 8,488,807 | 1.1% | 9/6/2029 | 6,872,608 | No | N/A | 8/13/2019 | 10/6/2019 |
37 | Loan | Home2 Suites Cartersville | Hospitality | Limited Service | 1 | 2016 | N/A | 80 | Rooms | 105,981 | 8,500,000 | 8,478,509 | 1.1% | 8/6/2029 | 6,865,958 | No | N/A | 7/15/2019 | 9/6/2019 |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | General Property Type | Specific Property Type | Number of Properties | Year Built | Year Renovated | Number of Units(20) | Unit of Measure(20) | Cut-off Date Balance Per Unit/SF(3) | Original Balance(3) | Cut-off Date Balance(3) | % of Aggregate Cut-off Date Balance | Maturity Date or Anticipated Repayment Date | Maturity Balance | ARD | Final Maturity Date | Origination Date | First Pay Date |
38 | Loan | Corporate Place | Industrial | Flex | 1 | 2000 | N/A | 86,613 | Sq. Ft. | 95 | 8,250,000 | 8,250,000 | 1.0% | 8/11/2029 | 8,250,000 | No | N/A | 7/19/2019 | 9/11/2019 |
39 | Loan | New Hampshire Self Storage Portfolio | Self Storage | Self Storage | 2 | Various | N/A | 115,372 | Sq. Ft. | 72 | 8,250,000 | 8,250,000 | 1.0% | 8/6/2024 | 8,250,000 | No | N/A | 7/18/2019 | 9/6/2019 |
39.01 | Property | Seacoast Self Storage | Self Storage | Self Storage | 1 | 2017 | N/A | 58,192 | Sq. Ft. | 4,600,000 | 4,600,000 | 0.6% | 4,600,000 | ||||||
39.02 | Property | Derry Self Storage | Self Storage | Self Storage | 1 | 2016 | N/A | 57,180 | Sq. Ft. | 3,650,000 | 3,650,000 | 0.5% | 3,650,000 | ||||||
40 | Loan | Springhill Suites Auburn Hills | Hospitality | Select Service | 1 | 2009 | 2016 | 102 | Rooms | 80,671 | 8,250,000 | 8,228,420 | 1.0% | 8/6/2029 | 6,624,686 | No | N/A | 8/5/2019 | 9/6/2019 |
41 | Loan | San Antonio Hotel Portfolio | Hospitality | Limited Service | 2 | Various | N/A | 127 | Rooms | 56,299 | 7,150,000 | 7,150,000 | 0.9% | 10/1/2029 | 5,567,399 | No | N/A | 9/4/2019 | 11/1/2019 |
41.01 | Property | La Quinta San Antonio | Hospitality | Limited Service | 1 | 2016 | N/A | 64 | Rooms | 4,000,000 | 4,000,000 | 0.5% | 3,114,629 | ||||||
41.02 | Property | Best Western Elmendorf | Hospitality | Limited Service | 1 | 2015 | N/A | 63 | Rooms | 3,150,000 | 3,150,000 | 0.4% | 2,452,770 | ||||||
42 | Loan | Best Western El Grande Inn | Hospitality | Limited Service | 1 | 1985 | 2019 | 68 | Rooms | 104,412 | 7,100,000 | 7,100,000 | 0.9% | 10/1/2029 | 5,691,146 | No | N/A | 9/5/2019 | 11/1/2019 |
43 | Loan | MainStay Suites Grantville Hershey | Hospitality | Extended Stay | 1 | 2008 | 2019 | 64 | Rooms | 109,111 | 7,000,000 | 6,983,107 | 0.9% | 8/6/2029 | 5,698,875 | No | N/A | 7/31/2019 | 9/6/2019 |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | Hospitality | Limited Service | 1 | 2011 | 2017-2018 | 78 | Rooms | 89,518 | 7,000,000 | 6,982,408 | 0.9% | 8/6/2029 | 5,660,170 | No | N/A | 7/18/2019 | 9/6/2019 |
45 | Loan | Indian Lake West Plaza | Retail | Shadow Anchored | 1 | 2015 | N/A | 41,328 | Sq. Ft. | 157 | 6,500,000 | 6,500,000 | 0.8% | 8/6/2029 | 5,406,436 | No | N/A | 7/31/2019 | 9/6/2019 |
46 | Loan | El Segundo Plaza | Retail | Unanchored | 1 | 1956 | N/A | 24,022 | Sq. Ft. | 263 | 6,350,000 | 6,325,208 | 0.8% | 8/6/2029 | 4,535,702 | No | N/A | 7/18/2019 | 9/6/2019 |
47 | Loan | Hampton Inn Belton | Hospitality | Limited Service | 1 | 2013 | N/A | 80 | Rooms | 76,701 | 6,150,000 | 6,136,048 | 0.8% | 8/6/2029 | 5,057,019 | No | N/A | 7/17/2019 | 9/6/2019 |
48 | Loan | 87 East 4th Street | Mixed Use | Multifamily/Retail | 1 | 1900 | N/A | 5,811 | Sq. Ft. | 1,050 | 6,100,000 | 6,100,000 | 0.8% | 9/6/2029 | 6,100,000 | No | N/A | 8/27/2019 | 10/6/2019 |
49 | Loan | Norman’s Crossing | Retail | Unanchored | 1 | 2019 | N/A | 5,750 | Sq. Ft. | 896 | 5,150,000 | 5,150,000 | 0.6% | 9/6/2029 | 5,150,000 | No | N/A | 8/27/2019 | 10/6/2019 |
50 | Loan | Windsor Park Apartments | Multifamily | Garden | 1 | 1978 | 2018 | 80 | Units | 62,500 | 5,000,000 | 5,000,000 | 0.6% | 8/11/2029 | 4,568,714 | No | N/A | 8/9/2019 | 9/11/2019 |
51 | Loan | Walgreens Douglasville | Retail | Single Tenant | 1 | 2008 | N/A | 13,434 | Sq. Ft. | 346 | 4,650,000 | 4,650,000 | 0.6% | 9/6/2029 | 4,650,000 | Yes | 10/6/2033 | 9/6/2019 | 10/6/2019 |
52 | Loan | Northern Hills Shopping Center | Retail | Shadow Anchored | 1 | 1983 | N/A | 19,833 | Sq. Ft. | 230 | 4,556,250 | 4,556,250 | 0.6% | 8/6/2029 | 3,885,112 | No | N/A | 7/29/2019 | 9/6/2019 |
53 | Loan | Webb’s Plaza | Retail | Unanchored | 1 | 1987 | N/A | 62,339 | Sq. Ft. | 72 | 4,525,000 | 4,518,480 | 0.6% | 9/6/2029 | 3,594,688 | No | N/A | 9/9/2019 | 10/6/2019 |
54 | Loan | Walgreens Tupelo | Retail | Single Tenant | 1 | 2008 | N/A | 14,691 | Sq. Ft. | 303 | 4,450,000 | 4,450,000 | 0.6% | 9/6/2029 | 4,450,000 | Yes | 1/6/2033 | 9/6/2019 | 10/6/2019 |
55 | Loan | Best Western Plus - Newport News | Hospitality | Limited Service | 1 | 2006 | 2018 | 65 | Rooms | 67,574 | 4,400,000 | 4,392,332 | 0.5% | 9/6/2029 | 3,259,914 | No | N/A | 8/23/2019 | 10/6/2019 |
56 | Loan | Nut Tree 1670 | Retail | Shadow Anchored | 1 | 2017 | N/A | 9,592 | Sq. Ft. | 448 | 4,300,000 | 4,300,000 | 0.5% | 8/11/2029 | 3,630,527 | No | N/A | 7/31/2019 | 9/11/2019 |
57 | Loan | Parkway Village West | Retail | Anchored | 1 | 1959 | N/A | 147,520 | Sq. Ft. | 29 | 4,228,000 | 4,228,000 | 0.5% | 9/6/2029 | 3,596,276 | No | N/A | 9/10/2019 | 10/6/2019 |
58 | Loan | Walgreens Lexington | Retail | Single Tenant | 1 | 2008 | N/A | 14,820 | Sq. Ft. | 273 | 4,050,000 | 4,050,000 | 0.5% | 9/6/2029 | 4,050,000 | Yes | 10/6/2034 | 9/6/2019 | 10/6/2019 |
59 | Loan | Military Plaza | Retail | Anchored | 1 | 1985 | N/A | 104,644 | Sq. Ft. | 36 | 3,750,000 | 3,750,000 | 0.5% | 9/6/2029 | 3,408,929 | No | N/A | 8/23/2019 | 10/6/2019 |
60 | Loan | Ashgrove Apartments | Multifamily | Garden | 1 | 1984 | N/A | 92 | Units | 37,779 | 3,480,000 | 3,475,622 | 0.4% | 9/6/2029 | 2,837,720 | No | N/A | 9/5/2019 | 10/6/2019 |
61 | Loan | Eagle Springs Professional Center | Office | Suburban | 1 | 2005 | N/A | 25,892 | Sq. Ft. | 129 | 3,350,000 | 3,350,000 | 0.4% | 8/6/2029 | 2,918,895 | No | N/A | 8/6/2019 | 9/6/2019 |
62 | Loan | Safe and Sound Storage | Self Storage | Self Storage | 1 | 2012 | N/A | 59,470 | Sq. Ft. | 44 | 2,600,000 | 2,590,905 | 0.3% | 8/6/2029 | 1,908,470 | No | N/A | 8/1/2019 | 9/6/2019 |
63 | Loan | Twin Oaks Apartments | Multifamily | Garden | 1 | 1978 | 2018 | 60 | Units | 41,944 | 2,520,000 | 2,516,621 | 0.3% | 9/6/2029 | 2,030,495 | No | N/A | 8/14/2019 | 10/6/2019 |
64 | Loan | Cavalier Manor Apartments | Multifamily | Garden | 1 | 1958 | N/A | 66 | Units | 37,500 | 2,475,000 | 2,475,000 | 0.3% | 10/6/2029 | 2,001,246 | No | N/A | 9/11/2019 | 11/6/2019 |
65 | Loan | Ludington Retail Center | Retail | Unanchored | 1 | 1975 | 1995 | 77,496 | Sq. Ft. | 31 | 2,377,500 | 2,371,762 | 0.3% | 8/6/2029 | 1,935,583 | No | N/A | 8/6/2019 | 9/6/2019 |
66 | Loan | Dollar General Fayette | Retail | Single Tenant | 1 | 2019 | N/A | 10,566 | Sq. Ft. | 101 | 1,071,000 | 1,071,000 | 0.1% | 9/6/2029 | 1,071,000 | Yes | 1/6/2034 | 9/6/2019 | 10/6/2019 |
67 | Loan | FedEx Muncie | Industrial | Warehouse | 1 | 1991 | N/A | 13,875 | Sq. Ft. | 68 | 950,000 | 950,000 | 0.1% | 10/6/2029 | 699,953 | No | N/A | 9/12/2019 | 11/6/2019 |
68 | Loan | Dollar General Centralia | Retail | Single Tenant | 1 | 2019 | N/A | 9,002 | Sq. Ft. | 103 | 931,000 | 931,000 | 0.1% | 9/6/2029 | 931,000 | Yes | 2/6/2034 | 9/6/2019 | 10/6/2019 |
69 | Loan | Dollar General Hubbard Lake | Retail | Single Tenant | 1 | 2019 | N/A | 9,026 | Sq. Ft. | 100 | 903,000 | 903,000 | 0.1% | 9/6/2029 | 903,000 | Yes | 4/6/2034 | 9/6/2019 | 10/6/2019 |
70 | Loan | Dollar General Trenton | Retail | Single Tenant | 1 | 2019 | N/A | 9,100 | Sq. Ft. | 96 | 875,000 | 875,000 | 0.1% | 9/6/2029 | 875,000 | Yes | 12/6/2033 | 9/6/2019 | 10/6/2019 |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Payment Day | Gross Mortgage Rate | Total Administrative Fee | Net Mortgage Rate | ARD Rate | Interest Accrual Method | Monthly Debt Service Payment | Amortization Type | Original Term to Maturity or ARD | Remaining Term to Maturity or ARD | Original IO Term | Remaining IO Term | Original Amortization Term | Remaining Amortization Term | Seasoning | Prepayment Provisions(5)(6) | Grace Period Default | Grace Period Late |
1 | Loan | Grand Canal Shoppes | 1 | 3.740800% | 0.015170% | 3.725630% | N/A | Actual/360 | 159,683.40 | Full IO | 120 | 117 | 120 | 117 | 0 | 0 | 3 | LO(27);DEF(88);O(5) | 0 (1 grace period of 2 business days every 12 month period) | 0 |
2 | Loan | Phoenix Industrial Portfolio II | 6 | 4.450000% | 0.013920% | 4.436080% | N/A | Actual/360 | 201,487.50 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(24);DEF(90);O(6) | 0 | 0 |
2.01 | Property | Flint | ||||||||||||||||||
2.02 | Property | Beloit | ||||||||||||||||||
2.03 | Property | Jefferson | ||||||||||||||||||
2.04 | Property | DuBois | ||||||||||||||||||
2.05 | Property | Huntsville | ||||||||||||||||||
3 | Loan | 600 & 620 National Avenue | 11 | 3.688000% | 0.013920% | 3.674080% | N/A | Actual/360 | 121,701.44 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(90);O(5) | 0 | 0 |
4 | Loan | Phoenix Industrial Portfolio I | 6 | 3.750000% | 0.013920% | 3.736080% | N/A | Actual/360 | 152,828.15 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(89);O(6) | 0 | 0 |
4.01 | Property | Emerson | ||||||||||||||||||
4.02 | Property | St Francis | ||||||||||||||||||
4.03 | Property | Delta | ||||||||||||||||||
5 | Loan | 10000 Santa Monica Boulevard | 6 | 4.150000% | 0.013920% | 4.136080% | N/A | Actual/360 | 87,659.14 | Full IO | 120 | 115 | 120 | 115 | 0 | 0 | 5 | LO(29);DEF(87);O(4) | 0 | 0 |
6 | Loan | Global Data Center | 11 | 4.320000% | 0.033920% | 4.286080% | N/A | Actual/360 | 91,500.00 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF(87);O(7) | 0 | 0 |
7 | Loan | Waramaug Florida Hotel Portfolio | 6 | 4.050000% | 0.013920% | 4.036080% | N/A | Actual/360 | 117,193.77 | Partial IO | 120 | 119 | 36 | 35 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
7.01 | Property | Residence Inn – Port St. Lucie | ||||||||||||||||||
7.02 | Property | Springhill Suites – Tallahassee Central | ||||||||||||||||||
8 | Loan | The Chantilly Office Portfolio | 6 | 4.150000% | 0.013920% | 4.136080% | N/A | Actual/360 | 84,152.78 | Full IO | 120 | 116 | 120 | 116 | 0 | 0 | 4 | LO(28);DEF(85);O(7) | 0 | 0 |
8.01 | Property | Stoneleigh I | ||||||||||||||||||
8.02 | Property | Stoneleigh II | ||||||||||||||||||
8.03 | Property | Glenview II | ||||||||||||||||||
8.04 | Property | Glenview I | ||||||||||||||||||
8.05 | Property | Glenbrook III | ||||||||||||||||||
9 | Loan | Fresenius Salt Lake | 6 | 4.700000% | 0.013920% | 4.686080% | N/A | Actual/360 | 108,913.94 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(92);O(3) | 0 | 0 |
10 | Loan | Centrepointe Plaza | 6 | 4.850000% | 0.013920% | 4.836080% | N/A | Actual/360 | 108,176.82 | Partial IO | 120 | 117 | 24 | 21 | 360 | 360 | 3 | LO(27);DEF(88);O(5) | 0 | 0 |
11 | Loan | Nostrand Place | 6 | 4.250000% | 0.013920% | 4.236080% | N/A | Actual/360 | 98,363.38 | Partial IO | 120 | 119 | 60 | 59 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
12 | Loan | Chelmsford MHC | 6 | 3.943000% | 0.013920% | 3.929080% | N/A | Actual/360 | 86,292.58 | Partial IO | 120 | 118 | 60 | 58 | 360 | 360 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
13 | Loan | Eagle Point Village Apartments | 6 | 4.200000% | 0.013920% | 4.186080% | N/A | Actual/360 | 85,088.99 | Partial IO | 120 | 118 | 48 | 46 | 360 | 360 | 2 | LO(26);DEF(89);O(5) | 0 | 0 |
14 | Loan | The Black Building | 1 | 3.980000% | 0.013920% | 3.966080% | N/A | Actual/360 | 79,297.79 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(24);DEF(93);O(3) | 7 | 7 |
15 | Loan | 10-12 Celina Avenue | 1 | 4.180000% | 0.013920% | 4.166080% | N/A | Actual/360 | 58,308.58 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF(89);O(5) | 7 | 7 |
16 | Loan | SpringHill Suites Corona Riverside | 6 | 4.930000% | 0.013920% | 4.916080% | N/A | Actual/360 | 80,149.03 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(89);O(5) | 0 | 0 |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | 6 | 4.683000% | 0.015170% | 4.667830% | N/A | Actual/360 | 77,642.48 | Partial IO | 120 | 117 | 60 | 57 | 360 | 360 | 3 | LO(24);YM1(92);O(4) | 0 | 0 |
17.01 | Property | Smoke Tree Commons | ||||||||||||||||||
17.02 | Property | Smoke Tree Village | ||||||||||||||||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | 6 | 4.139000% | 0.021620% | 4.117380% | N/A | Actual/360 | 52,456.08 | Full IO | 120 | 116 | 120 | 116 | 0 | 0 | 4 | LO(24);YM1(89);O(7) | 0 | 0 |
18.01 | Property | Wood Village Town Center | ||||||||||||||||||
18.02 | Property | Pecan Promenade | ||||||||||||||||||
18.03 | Property | Valley Plaza | ||||||||||||||||||
18.04 | Property | Pear Tree | ||||||||||||||||||
18.05 | Property | Glendale Market Square | ||||||||||||||||||
18.06 | Property | Central Park Shopping Center | ||||||||||||||||||
18.07 | Property | Val Vista Towne Center | ||||||||||||||||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | ||||||||||||||||||
18.09 | Property | 606 W Troy - Indianapolis, IN | ||||||||||||||||||
18.10 | Property | Homeland - Bartow, FL | ||||||||||||||||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | ||||||||||||||||||
19 | Loan | Courtyard by Marriott Mt. Juliet | 1 | 3.950000% | 0.013920% | 3.936080% | N/A | Actual/360 | 70,421.33 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 7 | 7 |
20 | Loan | Hudson River Hotel | 6 | 5.200000% | 0.013920% | 5.186080% | N/A | Actual/360 | 77,973.75 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(92);O(3) | 0 | 0 |
21 | Loan | Hampton Inn & Suites Mt. Juliet | 1 | 4.080000% | 0.013920% | 4.066080% | N/A | Actual/360 | 66,907.00 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 7 | 7 |
22 | Loan | Gateway Tower | 6 | 4.015000% | 0.013920% | 4.001080% | N/A | Actual/360 | 66,241.84 | Partial IO | 120 | 119 | 48 | 47 | 360 | 360 | 1 | LO(25);DEF(88);O(7) | 0 | 0 |
23 | Loan | Gatlin Retail Portfolio | 6 | 3.940000% | 0.013920% | 3.926080% | N/A | Actual/360 | 65,288.36 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 0 | 0 |
23.01 | Property | The Forum at Gateways | ||||||||||||||||||
23.02 | Property | Wilson Square Shopping Center | ||||||||||||||||||
24 | Loan | Ambler Yards | 6 | 4.750000% | 0.013920% | 4.736080% | N/A | Actual/360 | 69,379.10 | Partial IO | 120 | 116 | 24 | 20 | 360 | 360 | 4 | LO(28);DEF(87);O(5) | 0 | 0 |
25 | Loan | Blackmore Marketplace | 6 | 4.048000% | 0.013920% | 4.034080% | N/A | Actual/360 | 62,904.46 | Partial IO | 120 | 118 | 24 | 22 | 360 | 360 | 2 | LO(12);YM1(104);O(4) | 0 | 0 |
26 | Loan | Maui Portfolio | 6 | 5.750000% | 0.013920% | 5.736080% | N/A | Actual/360 | 72,946.61 | Partial IO | 120 | 116 | 36 | 32 | 360 | 360 | 4 | LO(28);DEF(85);O(7) | 0 | 0 |
26.01 | Property | Maui Beach Hotel | ||||||||||||||||||
26.02 | Property | Maui Nui Golf Course | ||||||||||||||||||
27 | Loan | Motus Headquarters | 6 | 4.400000% | 0.013920% | 4.386080% | N/A | Actual/360 | 45,354.63 | Full IO | 120 | 117 | 120 | 117 | 0 | 0 | 3 | LO(27);DEF(88);O(5) | 0 | 0 |
28 | Loan | Comfort Inn & Suites - Seattle | 6 | 4.600000% | 0.013920% | 4.586080% | N/A | Actual/360 | 59,466.75 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
29 | Loan | Landing at Fancher Creek | 11 | 4.220000% | 0.015170% | 4.204830% | N/A | Actual/360 | 56,371.30 | Partial IO | 120 | 119 | 24 | 23 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
30 | Loan | The Bijou Building | 11 | 3.800000% | 0.013920% | 3.786080% | N/A | Actual/360 | 36,701.67 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
31 | Loan | Howell Industrial Portfolio | 6 | 4.650000% | 0.013920% | 4.636080% | N/A | Actual/360 | 58,009.14 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(90);O(5) | 0 | 0 |
31.01 | Property | Hatch Stamping | ||||||||||||||||||
31.02 | Property | TK Holdings | ||||||||||||||||||
32 | Loan | Pikeville Commons | 6 | 4.710000% | 0.013920% | 4.696080% | N/A | Actual/360 | 61,892.28 | Amortizing | 120 | 119 | 0 | 0 | 300 | 299 | 1 | LO(25);DEF(92);O(3) | 0 | 0 |
33 | Loan | Courtyard by Marriott Secaucus | 6 | 4.250000% | 0.013920% | 4.236080% | N/A | Actual/360 | 54,173.81 | Amortizing | 120 | 120 | 0 | 0 | 300 | 300 | 0 | LO(24);YM1(92);O(4) | 0 | 0 |
34 | Loan | Meidinger Tower | 6 | 4.520000% | 0.013920% | 4.506080% | N/A | Actual/360 | 45,708.69 | Partial IO | 120 | 117 | 48 | 45 | 360 | 360 | 3 | LO(27);DEF(89);O(4) | 0 | 0 |
35 | Loan | The Cliffs at Waterford | 6 | 3.880000% | 0.013920% | 3.866080% | N/A | Actual/360 | 28,356.78 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);DEF(92);O(4) | 0 | 0 |
36 | Loan | Staybridge Suites Benton Harbor | 6 | 4.500000% | 0.013920% | 4.486080% | N/A | Actual/360 | 43,068.25 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(90);O(5) | 0 | 0 |
37 | Loan | Home2 Suites Cartersville | 6 | 4.470000% | 0.013920% | 4.456080% | N/A | Actual/360 | 42,916.87 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Payment Day | Gross Mortgage Rate | Total Administrative Fee | Net Mortgage Rate | ARD Rate | Interest Accrual Method | Monthly Debt Service Payment | Amortization Type | Original Term to Maturity or ARD | Remaining Term to Maturity or ARD | Original IO Term | Remaining IO Term | Original Amortization Term | Remaining Amortization Term | Seasoning | Prepayment Provisions(5)(6) | Grace Period Default | Grace Period Late |
38 | Loan | Corporate Place | 11 | 3.500000% | 0.013920% | 3.486080% | N/A | Actual/360 | 24,463.54 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF/YM1(87);O(7) | 0 | 5 |
39 | Loan | New Hampshire Self Storage Portfolio | 6 | 4.490000% | 0.013920% | 4.476080% | N/A | Actual/360 | 31,297.48 | Full IO | 60 | 58 | 60 | 58 | 0 | 0 | 2 | LO(26);DEF(27);O(7) | 0 | 0 |
39.01 | Property | Seacoast Self Storage | ||||||||||||||||||
39.02 | Property | Derry Self Storage | ||||||||||||||||||
40 | Loan | Springhill Suites Auburn Hills | 6 | 4.300000% | 0.013920% | 4.286080% | N/A | Actual/360 | 40,826.89 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
41 | Loan | San Antonio Hotel Portfolio | 1 | 4.900000% | 0.013920% | 4.886080% | N/A | Actual/360 | 39,833.51 | Amortizing | 120 | 120 | 0 | 0 | 324 | 324 | 0 | LO(24);DEF(93);O(3) | 7 | 7 |
41.01 | Property | La Quinta San Antonio | ||||||||||||||||||
41.02 | Property | Best Western Elmendorf | ||||||||||||||||||
42 | Loan | Best Western El Grande Inn | 1 | 4.250000% | 0.013920% | 4.236080% | N/A | Actual/360 | 34,927.73 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(93);O(3) | 7 | 7 |
43 | Loan | MainStay Suites Grantville Hershey | 6 | 4.700000% | 0.013920% | 4.686080% | N/A | Actual/360 | 36,304.65 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | 6 | 4.500000% | 0.072670% | 4.427330% | N/A | Actual/360 | 35,467.97 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
45 | Loan | Indian Lake West Plaza | 6 | 4.500000% | 0.013920% | 4.486080% | N/A | Actual/360 | 32,934.55 | Partial IO | 120 | 118 | 12 | 10 | 360 | 360 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
46 | Loan | El Segundo Plaza | 6 | 3.800000% | 0.013920% | 3.786080% | N/A | Actual/360 | 32,820.39 | Amortizing | 120 | 118 | 0 | 0 | 300 | 298 | 2 | LO(12);YM1(102);O(6) | 0 | 0 |
47 | Loan | Hampton Inn Belton | 6 | 5.000000% | 0.013920% | 4.986080% | N/A | Actual/360 | 33,014.53 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
48 | Loan | 87 East 4th Street | 6 | 4.650000% | 0.013920% | 4.636080% | N/A | Actual/360 | 23,965.80 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
49 | Loan | Norman’s Crossing | 6 | 4.300000% | 0.013920% | 4.286080% | N/A | Actual/360 | 18,710.47 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(24);YM1(92);O(4) | 0 | 0 |
50 | Loan | Windsor Park Apartments | 11 | 4.410000% | 0.013920% | 4.396080% | N/A | Actual/360 | 25,067.59 | Partial IO | 120 | 118 | 60 | 58 | 360 | 360 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
51 | Loan | Walgreens Douglasville | 6 | 4.480000% | 0.013920% | 4.466080% | 8.480000% | Actual/360 | 17,601.11 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
52 | Loan | Northern Hills Shopping Center | 6 | 4.440000% | 0.013920% | 4.426080% | N/A | Actual/360 | 22,923.70 | Partial IO | 120 | 118 | 24 | 22 | 360 | 360 | 2 | LO(24);YM1(92);O(4) | 0 | 0 |
53 | Loan | Webb’s Plaza | 6 | 4.000000% | 0.013920% | 3.986080% | N/A | Actual/360 | 21,603.04 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
54 | Loan | Walgreens Tupelo | 6 | 4.480000% | 0.013920% | 4.466080% | 8.480000% | Actual/360 | 16,844.07 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
55 | Loan | Best Western Plus - Newport News | 6 | 4.750000% | 0.013920% | 4.736080% | N/A | Actual/360 | 25,085.16 | Amortizing | 120 | 119 | 0 | 0 | 300 | 299 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
56 | Loan | Nut Tree 1670 | 11 | 4.080000% | 0.013920% | 4.066080% | N/A | Actual/360 | 20,727.67 | Partial IO | 120 | 118 | 24 | 22 | 360 | 360 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
57 | Loan | Parkway Village West | 6 | 4.350000% | 0.013920% | 4.336080% | N/A | Actual/360 | 21,047.48 | Partial IO | 120 | 119 | 24 | 23 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
58 | Loan | Walgreens Lexington | 6 | 4.480000% | 0.013920% | 4.466080% | 8.480000% | Actual/360 | 15,330.00 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
59 | Loan | Military Plaza | 6 | 4.100000% | 0.013920% | 4.086080% | N/A | Actual/360 | 18,119.94 | Partial IO | 120 | 119 | 60 | 59 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
60 | Loan | Ashgrove Apartments | 6 | 4.750000% | 0.013920% | 4.736080% | N/A | Actual/360 | 18,153.33 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 |
61 | Loan | Eagle Springs Professional Center | 6 | 4.300000% | 0.013920% | 4.286080% | N/A | Actual/360 | 16,578.19 | Partial IO | 120 | 118 | 36 | 34 | 360 | 360 | 2 | LO(24);YM1(92);O(4) | 0 | 10 |
62 | Loan | Safe and Sound Storage | 6 | 4.500000% | 0.013920% | 4.486080% | N/A | Actual/360 | 14,451.64 | Amortizing | 120 | 118 | 0 | 0 | 300 | 298 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
63 | Loan | Twin Oaks Apartments | 6 | 4.400000% | 0.013920% | 4.386080% | N/A | Actual/360 | 12,619.17 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | YM1(116);O(4) | 0 | 0 |
64 | Loan | Cavalier Manor Apartments | 6 | 4.500000% | 0.013920% | 4.486080% | N/A | Actual/360 | 12,540.46 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 0 | 0 |
65 | Loan | Ludington Retail Center | 6 | 4.700000% | 0.013920% | 4.686080% | N/A | Actual/360 | 12,330.61 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 |
66 | Loan | Dollar General Fayette | 6 | 4.930000% | 0.013920% | 4.916080% | 8.930000% | Actual/360 | 4,461.14 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
67 | Loan | FedEx Muncie | 6 | 4.600000% | 0.013920% | 4.586080% | N/A | Actual/360 | 5,334.48 | Amortizing | 120 | 120 | 0 | 0 | 300 | 300 | 0 | LO(24);DEF(92);O(4) | 0 | 0 |
68 | Loan | Dollar General Centralia | 6 | 5.430000% | 0.013920% | 5.416080% | 9.430000% | Actual/360 | 4,271.29 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
69 | Loan | Dollar General Hubbard Lake | 6 | 4.930000% | 0.013920% | 4.916080% | 8.930000% | Actual/360 | 3,761.35 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
70 | Loan | Dollar General Trenton | 6 | 5.580000% | 0.013920% | 5.566080% | 9.580000% | Actual/360 | 4,125.26 | Full IO, ARD | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25);DEF/YM(88);O(7) | 0 | 0 |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Grace Period at Maturity Default | Appraised Value(4) | Appraisal Date(4) | U/W NOI DSCR(3) | U/W NCF DSCR(3) | Cut-off Date LTV Ratio(3)(4) | LTV Ratio at Maturity or ARD(3)(4) | U/W NOI Debt Yield(3) | U/W NCF Debt Yield(3) | U/W EGI | U/W Expenses | U/W NOI | U/W Replacement | U/W TI/LC | U/W NCF | Occupancy Rate | Occupancy as-of Date | Most Recent Operating Statement Date(21) | Most Recent EGI | Most Recent Expenses | Most Recent NOI |
1 | Loan | Grand Canal Shoppes | 0 | 1,640,000,000 | 4/3/2019 | 2.53 | 2.46 | 46.3% | 46.3% | 9.6% | 9.3% | 104,029,334 | 31,007,624 | 73,021,709 | 0 | 2,023,806 | 70,997,903 | 94.0% | 5/31/2019 | TTM 3/31/2019 | 102,473,435 | 31,007,624 | 71,465,811 |
2 | Loan | Phoenix Industrial Portfolio II | 0 | 91,700,000 | Various | 1.63 | 1.41 | 74.2% | 64.8% | 9.8% | 8.5% | 9,131,734 | 2,447,004 | 6,684,731 | 359,446 | 513,774 | 5,811,511 | 93.8% | 6/30/2019 | TTM 6/30/2019 | 9,275,816 | 2,248,289 | 7,027,527 |
2.01 | Property | Flint | 22,400,000 | 8/8/2019 | 2,526,240 | 410,208 | 2,116,032 | 129,298 | 120,119 | 1,866,615 | 100.0% | 6/30/2019 | TTM 6/30/2019 | 2,135,123 | 159,881 | 1,975,242 | |||||||
2.02 | Property | Beloit | 19,400,000 | 8/12/2019 | 1,689,683 | 921,780 | 767,903 | 35,351 | 79,199 | 653,354 | 67.0% | 6/30/2019 | TTM 6/30/2019 | 2,531,803 | 1,100,402 | 1,431,401 | |||||||
2.03 | Property | Jefferson | 19,200,000 | 8/12/2019 | 1,632,426 | 245,814 | 1,386,611 | 121,272 | 117,899 | 1,147,440 | 100.0% | 6/30/2019 | TTM 6/30/2019 | 1,683,269 | 318,719 | 1,364,550 | |||||||
2.04 | Property | DuBois | 19,200,000 | 8/16/2019 | 1,987,794 | 534,766 | 1,453,028 | 42,896 | 129,572 | 1,280,560 | 100.0% | 6/30/2019 | TTM 6/30/2019 | 1,703,788 | 295,208 | 1,408,580 | |||||||
2.05 | Property | Huntsville | 11,500,000 | 8/19/2019 | 1,295,591 | 334,435 | 961,156 | 30,628 | 66,985 | 863,543 | 95.9% | 6/30/2019 | TTM 6/30/2019 | 1,221,833 | 374,079 | 847,754 | |||||||
3 | Loan | 600 & 620 National Avenue | 0 | 185,000,000 | 8/19/2019 | 1.93 | 1.93 | 70.0% | 70.0% | 7.2% | 7.2% | 12,672,245 | 2,708,238 | 9,964,007 | 0 | 0 | 9,964,007 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
4 | Loan | Phoenix Industrial Portfolio I | 0 | 51,300,000 | Various | 2.04 | 1.93 | 64.2% | 50.6% | 11.3% | 10.7% | 4,618,555 | 882,044 | 3,736,511 | 86,463 | 116,405 | 3,533,643 | 100.0% | 5/31/2019 | TTM 5/31/2019 | 4,548,754 | 796,453 | 3,752,302 |
4.01 | Property | Emerson | 26,000,000 | 7/18/2019 | 2,089,838 | 329,948 | 1,759,890 | 4,357 | 56,136 | 1,699,398 | 100.0% | 5/31/2019 | TTM 5/31/2019 | 2,079,463 | 349,100 | 1,730,362 | |||||||
4.02 | Property | St Francis | 18,200,000 | 7/18/2019 | 1,649,275 | 382,317 | 1,266,958 | 71,699 | 34,286 | 1,160,973 | 100.0% | 5/31/2019 | TTM 5/31/2019 | 1,569,344 | 302,424 | 1,266,920 | |||||||
4.03 | Property | Delta | 7,100,000 | 7/19/2019 | 879,442 | 169,779 | 709,663 | 10,407 | 25,983 | 673,273 | 100.0% | 5/31/2019 | TTM 5/31/2019 | 899,948 | 144,928 | 755,020 | |||||||
5 | Loan | 10000 Santa Monica Boulevard | 0 | 553,000,000 | 3/25/2019 | 2.35 | 2.34 | 39.8% | 39.8% | 9.9% | 9.8% | 41,869,092 | 20,152,705 | 21,716,388 | 56,200 | 0 | 21,660,188 | 89.0% | 4/9/2019 | TTM 1/31/2019 | 40,206,841 | 19,998,236 | 20,208,605 |
6 | Loan | Global Data Center | 0 | 60,000,000 | 6/13/2019 | 2.41 | 2.29 | 61.7% | 61.7% | 10.6% | 10.1% | 4,630,945 | 710,450 | 3,920,496 | 40,740 | 155,200 | 3,724,555 | 100.0% | 10/1/2019 | TTM 7/31/2019 | 3,980,845 | 565,997 | 3,414,848 |
7 | Loan | Waramaug Florida Hotel Portfolio | 0 | 32,800,000 | Various | 2.34 | 2.10 | 74.4% | 64.4% | 13.5% | 12.1% | 8,448,839 | 5,151,088 | 3,297,751 | 337,954 | 0 | 2,959,797 | 85.3% | 6/30/2019 | TTM 6/30/2019 | 8,448,839 | 5,127,741 | 3,321,098 |
7.01 | Property | Residence Inn – Port St. Lucie | 19,000,000 | 7/15/2019 | 4,743,150 | 2,844,682 | 1,898,468 | 189,726 | 0 | 1,708,742 | 86.2% | 6/30/2019 | TTM 6/30/2019 | 4,743,150 | 2,808,583 | 1,934,568 | |||||||
7.02 | Property | Springhill Suites – Tallahassee Central | 13,800,000 | 7/16/2019 | 3,705,689 | 2,306,406 | 1,399,283 | 148,228 | 0 | 1,251,055 | 84.1% | 6/30/2019 | TTM 6/30/2019 | 3,705,689 | 2,319,159 | 1,386,530 | |||||||
8 | Loan | The Chantilly Office Portfolio | 0 | 104,500,000 | 3/28/2019 | 3.99 | 3.60 | 44.4% | 44.4% | 16.8% | 15.2% | 12,579,017 | 4,792,591 | 7,786,425 | 85,825 | 673,181 | 7,027,419 | 86.2% | 5/31/2019 | TTM 2/28/2019 | 10,876,903 | 4,665,057 | 6,211,845 |
8.01 | Property | Stoneleigh I | 26,874,518 | 3/28/2019 | N/A | N/A | N/A | N/A | N/A | N/A | 64.0% | 5/31/2019 | N/A | N/A | N/A | N/A | |||||||
8.02 | Property | Stoneleigh II | 26,125,482 | 3/28/2019 | N/A | N/A | N/A | N/A | N/A | N/A | 100.0% | 5/31/2019 | N/A | N/A | N/A | N/A | |||||||
8.03 | Property | Glenview II | 18,719,130 | 3/28/2019 | N/A | N/A | N/A | N/A | N/A | N/A | 87.5% | 5/31/2019 | N/A | N/A | N/A | N/A | |||||||
8.04 | Property | Glenview I | 18,562,391 | 3/28/2019 | N/A | N/A | N/A | N/A | N/A | N/A | 94.3% | 5/31/2019 | N/A | N/A | N/A | N/A | |||||||
8.05 | Property | Glenbrook III | 14,218,478 | 3/28/2019 | N/A | N/A | N/A | N/A | N/A | N/A | 90.4% | 5/31/2019 | N/A | N/A | N/A | N/A | |||||||
9 | Loan | Fresenius Salt Lake | 0 | 30,600,000 | 7/25/2019 | 1.31 | 1.29 | 68.5% | 55.9% | 8.2% | 8.1% | 2,004,102 | 294,537 | 1,709,565 | 7,739 | 10,318 | 1,691,508 | 92.7% | 7/17/2019 | TTM 6/30/2019 | 1,895,116 | 323,730 | 1,571,386 |
10 | Loan | Centrepointe Plaza | 0 | 32,500,000 | 4/7/2019 | 1.44 | 1.43 | 63.1% | 54.4% | 9.1% | 9.0% | 2,542,291 | 676,931 | 1,865,361 | 15,005 | 0 | 1,850,355 | 93.0% | 6/27/2019 | TTM 4/30/2019 | 2,204,585 | 634,629 | 1,569,957 |
11 | Loan | Nostrand Place | 0 | 29,000,000 | 6/24/2019 | 1.45 | 1.39 | 68.9% | 62.8% | 8.6% | 8.2% | 2,870,716 | 1,159,071 | 1,711,645 | 11,247 | 58,410 | 1,641,988 | 94.4% | 5/13/2019 | TTM 5/31/2019 | 2,652,339 | 1,165,443 | 1,486,896 |
12 | Loan | Chelmsford MHC | 0 | 28,400,000 | 6/25/2019 | 1.43 | 1.42 | 64.1% | 58.1% | 8.1% | 8.1% | 2,135,490 | 654,556 | 1,480,935 | 12,700 | 0 | 1,468,235 | 98.0% | 7/23/2019 | TTM 5/31/2019 | 2,069,264 | 673,012 | 1,396,252 |
13 | Loan | Eagle Point Village Apartments | 0 | 26,500,000 | 5/15/2019 | 1.55 | 1.48 | 65.7% | 58.5% | 9.1% | 8.7% | 2,852,112 | 1,264,572 | 1,587,540 | 75,000 | 0 | 1,512,540 | 93.3% | 9/6/2019 | TTM 7/31/2019 | 2,852,112 | 1,261,836 | 1,590,276 |
14 | Loan | The Black Building | 0 | 23,300,000 | 8/15/2019 | 1.72 | 1.63 | 71.5% | 61.8% | 9.8% | 9.3% | 2,333,180 | 697,596 | 1,635,584 | 18,603 | 62,012 | 1,554,969 | 96.8% | 8/12/2019 | TTM 6/30/2019 | 2,006,894 | 613,582 | 1,393,312 |
15 | Loan | 10-12 Celina Avenue | 0 | 25,500,000 | 5/29/2019 | 2.30 | 2.17 | 64.7% | 64.7% | 9.8% | 9.2% | 2,364,724 | 754,578 | 1,610,146 | 32,180 | 56,846 | 1,521,120 | 100.0% | 10/1/2019 | 12/31/2018 | 2,368,402 | 772,318 | 1,596,085 |
16 | Loan | SpringHill Suites Corona Riverside | 0 | 21,600,000 | 5/10/2019 | 1.96 | 1.77 | 69.5% | 57.2% | 12.5% | 11.3% | 4,618,594 | 2,735,986 | 1,882,608 | 184,744 | 0 | 1,697,864 | 83.9% | 4/30/2019 | TTM 4/30/2019 | 4,669,197 | 2,705,345 | 1,963,852 |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | 0 | 62,100,000 | 4/20/2019 | 1.47 | 1.38 | 57.2% | 52.5% | 9.1% | 8.6% | 6,358,693 | 3,123,017 | 3,235,675 | 42,185 | 140,618 | 3,052,873 | 85.9% | 4/12/2019 | TTM 3/31/2019 | 6,237,115 | 2,432,112 | 3,805,003 |
17.01 | Property | Smoke Tree Commons | 37,864,583 | 4/20/2019 | 4,300,759 | 1,833,141 | 2,467,618 | 25,722 | 85,740 | 2,356,157 | 95.0% | 4/12/2019 | TTM 3/31/2019 | 4,231,862 | 1,480,893 | 2,750,969 | |||||||
17.02 | Property | Smoke Tree Village | 24,235,417 | 4/20/2019 | 2,057,934 | 1,289,876 | 768,058 | 16,463 | 54,878 | 696,716 | 71.6% | 4/12/2019 | TTM 3/31/2019 | 2,005,253 | 951,219 | 1,054,033 | |||||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | 0 | 198,100,000 | Various | 2.43 | 2.28 | 64.9% | 64.9% | 10.2% | 9.6% | 17,894,164 | 4,772,257 | 13,121,906 | 223,431 | 595,178 | 12,303,298 | 91.4% | Various | TTM 2/28/2019 | 17,561,596 | 4,694,815 | 12,866,781 |
18.01 | Property | Wood Village Town Center | 31,100,000 | 3/30/2019 | 2,664,878 | 653,930 | 2,010,947 | 23,131 | 68,553 | 1,919,264 | 94.1% | 5/1/2019 | TTM 2/28/2019 | 2,801,565 | 663,382 | 2,138,183 | |||||||
18.02 | Property | Pecan Promenade | 28,910,000 | 4/3/2019 | 2,958,396 | 929,031 | 2,029,365 | 48,023 | 70,743 | 1,910,599 | 88.5% | 5/1/2019 | TTM 2/28/2019 | 2,874,992 | 928,260 | 1,946,733 | |||||||
18.03 | Property | Valley Plaza | 26,300,000 | 4/5/2019 | 2,472,407 | 547,460 | 1,924,947 | 17,152 | 73,113 | 1,834,682 | 95.6% | 5/1/2019 | TTM 2/28/2019 | 2,285,063 | 554,428 | 1,730,635 | |||||||
18.04 | Property | Pear Tree | 24,500,000 | 4/3/2019 | 2,383,917 | 686,766 | 1,697,150 | 42,297 | 98,719 | 1,556,135 | 90.9% | 5/1/2019 | TTM 2/28/2019 | 2,608,254 | 701,355 | 1,906,899 | |||||||
18.05 | Property | Glendale Market Square | 23,200,000 | 4/2/2019 | 2,454,358 | 648,331 | 1,806,027 | 53,940 | 92,954 | 1,659,134 | 92.8% | 5/1/2019 | TTM 2/28/2019 | 2,033,560 | 540,861 | 1,492,700 | |||||||
18.06 | Property | Central Park Shopping Center | 21,100,000 | 4/8/2019 | 2,412,264 | 788,827 | 1,623,437 | 24,676 | 73,782 | 1,524,979 | 95.1% | 5/1/2019 | TTM 2/28/2019 | 2,305,891 | 795,370 | 1,510,521 | |||||||
18.07 | Property | Val Vista Towne Center | 18,600,000 | 4/5/2019 | 1,490,329 | 371,215 | 1,119,114 | 14,212 | 46,676 | 1,058,226 | 64.3% | 5/1/2019 | TTM 2/28/2019 | 1,448,918 | 372,574 | 1,076,344 | |||||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | 5,489,600 | 4/9/2019 | 253,841 | 32,264 | 221,577 | 0 | 17,491 | 204,086 | 100.0% | 10/1/2019 | TTM 2/28/2019 | 249,753 | 32,217 | 217,536 | |||||||
18.09 | Property | 606 W Troy - Indianapolis, IN | 4,100,000 | 4/5/2019 | 345,412 | 41,185 | 304,227 | 0 | 11,430 | 292,797 | 100.0% | 10/1/2019 | TTM 2/28/2019 | 335,563 | 33,151 | 302,412 | |||||||
18.10 | Property | Homeland - Bartow, FL | 2,900,000 | 4/10/2019 | 274,362 | 55,215 | 219,147 | 0 | 33,719 | 185,428 | 100.0% | 10/1/2019 | TTM 2/28/2019 | 274,807 | 55,216 | 219,591 | |||||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | 2,510,400 | 4/9/2019 | 184,000 | 18,032 | 165,968 | 0 | 8,000 | 157,968 | 100.0% | 10/1/2019 | TTM 2/28/2019 | 343,230 | 18,003 | 325,227 | |||||||
19 | Loan | Courtyard by Marriott Mt. Juliet | 0 | 21,200,000 | 7/25/2019 | 2.33 | 2.13 | 70.0% | 55.5% | 13.3% | 12.1% | 4,223,439 | 2,257,098 | 1,966,341 | 168,938 | 0 | 1,797,403 | 77.7% | 6/30/2019 | TTM 6/30/2019 | 4,221,333 | 2,256,094 | 1,965,239 |
20 | Loan | Hudson River Hotel | 0 | 22,300,000 | 5/28/2019 | 1.64 | 1.50 | 63.6% | 52.7% | 10.8% | 9.9% | 3,404,488 | 1,867,768 | 1,536,720 | 136,180 | 0 | 1,400,540 | 88.9% | 5/31/2019 | TTM 5/31/2019 | 3,404,488 | 1,722,691 | 1,681,797 |
21 | Loan | Hampton Inn & Suites Mt. Juliet | 0 | 20,200,000 | 7/24/2019 | 2.31 | 2.09 | 68.7% | 54.7% | 13.3% | 12.1% | 4,321,502 | 2,469,507 | 1,851,995 | 172,860 | 0 | 1,679,135 | 78.3% | 6/30/2019 | TTM 6/30/2019 | 4,322,564 | 2,485,132 | 1,837,432 |
22 | Loan | Gateway Tower | 0 | 19,800,000 | 6/6/2019 | 2.31 | 2.07 | 69.9% | 62.0% | 13.3% | 11.9% | 3,449,198 | 1,611,730 | 1,837,468 | 42,646 | 145,448 | 1,649,374 | 87.4% | 8/21/2019 | TTM 7/31/2019 | 2,973,119 | 1,598,723 | 1,374,396 |
23 | Loan | Gatlin Retail Portfolio | 0 | 30,950,000 | Various | 1.69 | 1.53 | 76.8% | 60.9% | 9.6% | 8.7% | 3,416,598 | 1,135,745 | 2,280,854 | 48,639 | 162,131 | 2,070,084 | 87.8% | Various | TTM 7/31/2019 | 2,910,849 | 1,024,450 | 1,886,399 |
23.01 | Property | The Forum at Gateways | 21,750,000 | 7/25/2019 | 2,580,482 | 909,025 | 1,671,457 | 38,432 | 128,106 | 1,504,919 | 85.4% | 7/31/2019 | TTM 7/31/2019 | 2,218,835 | 805,002 | 1,413,833 | |||||||
23.02 | Property | Wilson Square Shopping Center | 9,200,000 | 8/14/2019 | 836,116 | 226,719 | 609,397 | 10,207 | 34,025 | 565,165 | 96.9% | 8/16/2019 | TTM 7/31/2019 | 692,014 | 219,448 | 472,566 | |||||||
24 | Loan | Ambler Yards | 0 | 31,730,000 | 3/12/2019 | 1.63 | 1.49 | 73.4% | 63.1% | 10.2% | 9.3% | 3,651,674 | 1,278,050 | 2,373,624 | 32,007 | 172,059 | 2,169,559 | 91.6% | 4/30/2019 | TTM 1/31/2019 | 1,423,649 | 1,179,514 | 244,135 |
25 | Loan | Blackmore Marketplace | 0 | 34,600,000 | 8/1/2019 | 1.67 | 1.60 | 66.8% | 56.3% | 9.6% | 9.2% | 2,664,433 | 437,332 | 2,227,101 | 14,753 | 83,842 | 2,128,506 | 94.2% | 7/11/2019 | TTM 6/30/2019 | 2,284,637 | 435,479 | 1,849,158 |
26 | Loan | Maui Portfolio | 0 | 45,100,000 | Various | 2.36 | 2.16 | 63.2% | 56.8% | 16.5% | 15.1% | 12,169,690 | 7,462,077 | 4,707,613 | 398,438 | 0 | 4,309,175 | 94.7% | 3/31/2019 | TTM 3/31/2019 Hotel, 2/28/2019 Golf | 12,020,491 | 7,454,719 | 4,565,772 |
26.01 | Property | Maui Beach Hotel | 29,100,000 | 2/1/2019 | 8,635,706 | 5,054,969 | 3,580,736 | 345,428 | 0 | 3,235,308 | 94.7% | 3/31/2019 | TTM 3/31/2019 | 8,486,506 | 5,030,840 | 3,455,666 | |||||||
26.02 | Property | Maui Nui Golf Course | 16,000,000 | 1/28/2019 | 3,533,985 | 2,407,108 | 1,126,877 | 53,010 | 0 | 1,073,867 | N/A | N/A | TTM 2/28/2019 | 3,533,985 | 2,423,879 | 1,110,106 | |||||||
27 | Loan | Motus Headquarters | 0 | 18,900,000 | 5/23/2019 | 2.37 | 2.37 | 64.6% | 64.6% | 10.6% | 10.6% | 1,318,394 | 26,368 | 1,292,026 | 0 | 0 | 1,292,026 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
28 | Loan | Comfort Inn & Suites - Seattle | 0 | 17,900,000 | 8/16/2019 | 2.07 | 1.85 | 64.7% | 52.6% | 12.7% | 11.4% | 3,895,291 | 2,419,646 | 1,475,645 | 155,812 | 0 | 1,319,833 | 77.3% | 7/31/2019 | TTM 7/31/2019 | 3,870,628 | 2,426,314 | 1,444,315 |
29 | Loan | Landing at Fancher Creek | 0 | 47,000,000 | 7/22/2019 | 1.42 | 1.34 | 67.0% | 56.8% | 8.3% | 7.9% | 4,975,573 | 2,347,751 | 2,627,822 | 136,612 | 0 | 2,491,210 | 93.5% | 7/31/2019 | TTM 7/31/2019 | 4,840,250 | 2,357,750 | 2,482,500 |
30 | Loan | The Bijou Building | 0 | 18,100,000 | 7/11/2019 | 2.02 | 1.95 | 63.0% | 63.0% | 7.8% | 7.5% | 1,229,614 | 339,019 | 890,595 | 6,840 | 26,712 | 857,043 | 94.0% | 7/31/2019 | TTM 6/30/2019 | 1,010,325 | 175,103 | 835,222 |
31 | Loan | Howell Industrial Portfolio | 0 | 19,000,000 | Various | 1.71 | 1.60 | 59.1% | 48.1% | 10.6% | 9.9% | 1,488,649 | 299,711 | 1,188,938 | 31,875 | 42,500 | 1,114,563 | 100.0% | 10/1/2019 | TTM 6/30/2019 | 856,250 | 58,615 | 797,635 |
31.01 | Property | Hatch Stamping | 10,100,000 | 7/1/2019 | 770,613 | 148,845 | 621,768 | 15,000 | 20,000 | 586,768 | 100.0% | 10/1/2019 | TTM 6/30/2019 | 263,468 | 18,036 | 245,432 | |||||||
31.02 | Property | TK Holdings | 8,900,000 | 4/30/2019 | 718,036 | 150,867 | 567,170 | 16,875 | 22,500 | 527,795 | 100.0% | 10/1/2019 | TTM 6/30/2019 | 592,782 | 40,579 | 552,203 | |||||||
32 | Loan | Pikeville Commons | 0 | 15,400,000 | 7/2/2019 | 1.50 | 1.43 | 70.7% | 52.4% | 10.2% | 9.8% | 1,549,181 | 438,549 | 1,110,633 | 29,000 | 20,459 | 1,061,174 | 91.9% | 6/19/2019 | TTM 7/31/2019 | 1,639,463 | 460,984 | 1,178,479 |
33 | Loan | Courtyard by Marriott Secaucus | 0 | 25,500,000 | 8/1/2019 | 2.37 | 1.96 | 58.8% | 42.8% | 15.4% | 12.7% | 8,024,714 | 5,712,452 | 2,312,262 | 401,236 | 0 | 1,911,026 | 75.5% | 7/31/2019 | TTM 7/31/2019 | 7,937,743 | 5,562,901 | 2,374,842 |
34 | Loan | Meidinger Tower | 0 | 41,000,000 | 4/26/2019 | 1.66 | 1.53 | 68.3% | 61.2% | 10.1% | 9.3% | 5,873,378 | 3,036,161 | 2,837,217 | 66,211 | 159,173 | 2,611,833 | 88.1% | 4/30/2019 | TTM 5/31/2019 | 6,068,223 | 2,938,561 | 3,129,662 |
35 | Loan | The Cliffs at Waterford | 0 | 13,800,000 | 7/25/2019 | 2.44 | 2.34 | 62.7% | 62.7% | 9.6% | 9.2% | 1,595,301 | 763,742 | 831,559 | 36,000 | 0 | 795,559 | 92.4% | 9/3/2019 | TTM 7/31/2019 | 1,577,035 | 760,546 | 816,489 |
36 | Loan | Staybridge Suites Benton Harbor | 0 | 13,000,000 | 6/10/2019 | 2.13 | 1.92 | 65.3% | 52.9% | 13.0% | 11.7% | 2,744,491 | 1,643,932 | 1,100,560 | 109,780 | 0 | 990,780 | 69.7% | 7/31/2019 | TTM 7/31/2019 | 2,744,491 | 1,593,614 | 1,150,878 |
37 | Loan | Home2 Suites Cartersville | 0 | 14,300,000 | 6/11/2019 | 2.65 | 2.43 | 59.3% | 48.0% | 16.1% | 14.8% | 2,912,305 | 1,545,014 | 1,367,291 | 116,492 | 0 | 1,250,799 | 84.9% | 5/31/2019 | TTM 5/31/2019 | 2,912,305 | 1,485,308 | 1,426,996 |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Grace Period at Maturity Default | Appraised Value(4) | Appraisal Date(4) | U/W NOI DSCR(3) | U/W NCF DSCR(3) | Cut-off Date LTV Ratio(3)(4) | LTV Ratio at Maturity or ARD(3)(4) | U/W NOI Debt Yield(3) | U/W NCF Debt Yield(3) | U/W EGI | U/W Expenses | U/W NOI | U/W Replacement | U/W TI/LC | U/W NCF | Occupancy Rate | Occupancy as-of Date | Most Recent Operating Statement Date(21) | Most Recent EGI | Most Recent Expenses | Most Recent NOI |
38 | Loan | Corporate Place | 0 | 17,700,000 | 6/27/2019 | 3.11 | 2.96 | 46.6% | 46.6% | 11.1% | 10.5% | 1,127,183 | 213,585 | 913,598 | 8,661 | 34,645 | 870,292 | 100.0% | 6/30/2019 | TTM 6/30/2019 | 1,038,329 | 208,809 | 829,520 |
39 | Loan | New Hampshire Self Storage Portfolio | 0 | 14,420,000 | 6/27/2019 | 1.97 | 1.92 | 57.2% | 57.2% | 9.0% | 8.8% | 1,372,593 | 632,879 | 739,714 | 17,306 | 0 | 722,409 | 86.7% | 6/30/2019 | TTM 6/30/2019 | 1,298,230 | 660,558 | 637,672 |
39.01 | Property | Seacoast Self Storage | 7,800,000 | 6/27/2019 | 704,991 | 286,631 | 418,360 | 8,729 | 0 | 409,632 | 86.5% | 6/30/2019 | TTM 6/30/2019 | 657,843 | 297,731 | 360,112 | |||||||
39.02 | Property | Derry Self Storage | 6,620,000 | 6/27/2019 | 667,602 | 346,248 | 321,354 | 8,577 | 0 | 312,777 | 86.9% | 6/30/2019 | TTM 6/30/2019 | 640,387 | 362,827 | 277,560 | |||||||
40 | Loan | Springhill Suites Auburn Hills | 0 | 12,000,000 | 7/1/2019 | 2.13 | 1.88 | 68.6% | 55.2% | 12.7% | 11.2% | 3,105,343 | 2,060,638 | 1,044,705 | 124,214 | 0 | 920,491 | 74.5% | 6/30/2019 | TTM 6/30/2019 | 3,105,343 | 2,070,437 | 1,034,906 |
41 | Loan | San Antonio Hotel Portfolio | 0 | 12,500,000 | Various | 2.24 | 1.97 | 57.2% | 44.5% | 15.0% | 13.1% | 3,245,544 | 2,175,551 | 1,069,993 | 129,822 | 0 | 940,171 | 78.9% | 7/31/2019 | TTM 7/31/2019 | 3,243,831 | 2,162,868 | 1,080,963 |
41.01 | Property | La Quinta San Antonio | 6,800,000 | 1/21/2019 | 1,681,130 | 1,170,481 | 510,648 | 67,245 | 0 | 443,403 | 78.6% | 7/31/2019 | TTM 7/31/2019 | 1,680,512 | 1,164,275 | 516,237 | |||||||
41.02 | Property | Best Western Elmendorf | 5,700,000 | 2/21/2019 | 1,564,414 | 1,005,070 | 559,345 | 62,577 | 0 | 496,768 | 79.2% | 7/31/2019 | TTM 7/31/2019 | 1,563,319 | 998,593 | 564,726 | |||||||
42 | Loan | Best Western El Grande Inn | 0 | 11,100,000 | 8/1/2019 | 2.84 | 2.57 | 64.0% | 51.3% | 16.7% | 15.2% | 2,824,489 | 1,635,372 | 1,189,117 | 112,980 | 0 | 1,076,137 | 71.4% | 4/30/2019 | TTM 4/30/2019 | 2,824,374 | 1,715,925 | 1,108,449 |
43 | Loan | MainStay Suites Grantville Hershey | 0 | 10,900,000 | 6/12/2019 | 2.02 | 1.86 | 64.1% | 52.3% | 12.6% | 11.6% | 1,808,479 | 927,526 | 880,953 | 72,339 | 0 | 808,614 | 73.6% | 5/31/2019 | TTM 5/31/2019 | 1,808,479 | 905,122 | 903,357 |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | 0 | 10,100,000 | 6/18/2019 | 2.30 | 2.07 | 69.1% | 56.0% | 14.0% | 12.6% | 2,399,459 | 1,422,188 | 977,271 | 95,978 | 0 | 881,292 | 81.4% | 6/30/2019 | TTM 6/30/2019 | 2,399,459 | 1,458,023 | 941,436 |
45 | Loan | Indian Lake West Plaza | 0 | 9,900,000 | 6/5/2019 | 1.55 | 1.48 | 65.7% | 54.6% | 9.5% | 9.0% | 769,163 | 154,853 | 614,311 | 6,199 | 22,538 | 585,574 | 86.3% | 9/11/2019 | TTM 5/31/2019 | 1,414,475 | 297,941 | 1,116,534 |
46 | Loan | El Segundo Plaza | 0 | 14,100,000 | 5/18/2019 | 2.09 | 1.98 | 44.9% | 32.2% | 13.0% | 12.4% | 1,040,203 | 215,848 | 824,356 | 3,603 | 39,588 | 781,165 | 100.0% | 6/27/2019 | TTM 4/30/2019 | 1,030,100 | 213,994 | 816,106 |
47 | Loan | Hampton Inn Belton | 0 | 9,600,000 | 5/15/2019 | 1.99 | 1.76 | 63.9% | 52.7% | 12.8% | 11.4% | 2,231,774 | 1,444,298 | 787,476 | 89,271 | 0 | 698,206 | 75.6% | 5/31/2019 | TTM 5/31/2019 | 2,249,628 | 1,421,182 | 828,446 |
48 | Loan | 87 East 4th Street | 0 | 9,600,000 | 6/28/2019 | 1.44 | 1.43 | 63.5% | 63.5% | 6.8% | 6.7% | 493,749 | 78,640 | 415,109 | 2,250 | 1,669 | 411,190 | 100.0% | 10/1/2019 | TTM 7/31/2019 | 272,433 | 70,985 | 201,448 |
49 | Loan | Norman’s Crossing | 0 | 8,675,000 | 7/7/2019 | 2.06 | 2.00 | 59.4% | 59.4% | 9.0% | 8.7% | 522,644 | 59,059 | 463,584 | 1,552 | 12,398 | 449,634 | 100.0% | 9/12/2019 | N/A | N/A | N/A | N/A |
50 | Loan | Windsor Park Apartments | 0 | 7,200,000 | 5/10/2019 | 1.61 | 1.54 | 69.4% | 63.5% | 9.7% | 9.3% | 732,872 | 249,569 | 483,303 | 20,000 | 0 | 463,303 | 97.5% | 5/22/2019 | Ann. T-6 6/30/2019 | 712,720 | 277,248 | 435,472 |
51 | Loan | Walgreens Douglasville | 0 | 6,650,000 | 8/1/2019 | 1.86 | 1.84 | 69.9% | 69.9% | 8.4% | 8.4% | 404,005 | 12,120 | 391,885 | 2,687 | 0 | 389,198 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
52 | Loan | Northern Hills Shopping Center | 0 | 6,200,000 | 6/25/2019 | 1.65 | 1.57 | 73.5% | 62.7% | 10.0% | 9.5% | 690,490 | 235,781 | 454,709 | 2,975 | 19,834 | 431,901 | 100.0% | 7/1/2019 | TTM 5/31/2019 | 481,425 | 219,460 | 261,965 |
53 | Loan | Webb’s Plaza | 0 | 7,700,000 | 7/18/2019 | 2.21 | 2.08 | 58.7% | 46.7% | 12.7% | 11.9% | 880,295 | 306,503 | 573,793 | 9,351 | 25,000 | 539,442 | 100.0% | 8/1/2019 | TTM 6/30/2019 | 873,351 | 299,763 | 573,588 |
54 | Loan | Walgreens Tupelo | 0 | 6,400,000 | 8/5/2019 | 1.86 | 1.85 | 69.5% | 69.5% | 8.5% | 8.4% | 388,000 | 11,640 | 376,360 | 2,938 | 0 | 373,422 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
55 | Loan | Best Western Plus - Newport News | 0 | 7,400,000 | 7/8/2019 | 1.95 | 1.78 | 59.4% | 44.1% | 13.3% | 12.2% | 1,278,378 | 692,729 | 585,649 | 51,135 | 0 | 534,514 | 65.0% | 7/31/2019 | TTM 7/31/2019 | 1,278,378 | 679,209 | 599,169 |
56 | Loan | Nut Tree 1670 | 0 | 7,100,000 | 6/18/2019 | 1.59 | 1.56 | 60.6% | 51.1% | 9.2% | 9.0% | 548,340 | 153,729 | 394,611 | 1,055 | 4,796 | 388,760 | 100.0% | 6/30/2019 | TTM 6/30/2019 | 499,776 | 177,772 | 322,004 |
57 | Loan | Parkway Village West | 0 | 6,975,000 | 7/23/2019 | 2.31 | 2.05 | 60.6% | 51.6% | 13.8% | 12.3% | 898,184 | 315,441 | 582,743 | 22,128 | 41,597 | 519,018 | 78.6% | 8/1/2019 | TTM 6/30/2019 | 979,081 | 371,803 | 607,278 |
58 | Loan | Walgreens Lexington | 0 | 5,800,000 | 8/5/2019 | 1.85 | 1.84 | 69.8% | 69.8% | 8.4% | 8.3% | 351,140 | 10,534 | 340,606 | 2,964 | 0 | 337,642 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
59 | Loan | Military Plaza | 0 | 7,400,000 | 6/17/2019 | 2.65 | 2.10 | 50.7% | 46.1% | 15.4% | 12.2% | 832,900 | 256,168 | 576,732 | 15,697 | 104,644 | 456,392 | 97.1% | 7/23/2019 | TTM 5/31/2019 | 675,193 | 289,833 | 385,360 |
60 | Loan | Ashgrove Apartments | 0 | 5,100,000 | 7/3/2019 | 1.79 | 1.66 | 68.1% | 55.6% | 11.2% | 10.4% | 792,466 | 403,248 | 389,219 | 27,600 | 0 | 361,619 | 93.5% | 8/14/2019 | TTM 7/31/2019 | 763,953 | 389,705 | 374,248 |
61 | Loan | Eagle Springs Professional Center | 0 | 4,900,000 | 6/21/2019 | 1.76 | 1.58 | 68.4% | 59.6% | 10.4% | 9.4% | 538,721 | 189,393 | 349,329 | 5,178 | 29,776 | 314,374 | 89.1% | 6/6/2019 | TTM 5/31/2019 | 532,686 | 191,465 | 341,221 |
62 | Loan | Safe and Sound Storage | 0 | 4,390,000 | 6/23/2019 | 1.68 | 1.64 | 59.0% | 43.5% | 11.3% | 11.0% | 418,404 | 126,755 | 291,649 | 7,402 | 0 | 284,247 | 87.9% | 7/22/2019 | TTM 6/30/2019 | 386,572 | 120,096 | 266,476 |
63 | Loan | Twin Oaks Apartments | 0 | 3,800,000 | 6/26/2019 | 2.01 | 1.90 | 66.2% | 53.4% | 12.1% | 11.5% | 529,331 | 224,929 | 304,402 | 16,000 | 0 | 288,402 | 93.3% | 8/1/2019 | TTM 6/30/2019 | 535,769 | 236,746 | 299,023 |
64 | Loan | Cavalier Manor Apartments | 0 | 3,720,000 | 7/29/2019 | 1.86 | 1.75 | 66.5% | 53.8% | 11.3% | 10.6% | 604,858 | 325,397 | 279,461 | 16,500 | 0 | 262,961 | 98.5% | 9/9/2019 | TTM 7/31/2019 | 553,403 | 349,661 | 203,741 |
65 | Loan | Ludington Retail Center | 0 | 3,400,000 | 6/21/2019 | 2.42 | 2.20 | 69.8% | 56.9% | 15.1% | 13.7% | 492,559 | 135,156 | 357,403 | 12,961 | 19,118 | 325,324 | 94.6% | 8/2/2019 | TTM 6/30/2019 | 484,809 | 146,041 | 338,769 |
66 | Loan | Dollar General Fayette | 0 | 1,530,000 | 4/6/2019 | 1.80 | 1.77 | 70.0% | 70.0% | 9.0% | 8.9% | 99,581 | 2,987 | 96,593 | 1,585 | 0 | 95,009 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
67 | Loan | FedEx Muncie | 0 | 1,600,000 | 6/12/2019 | 1.52 | 1.40 | 59.4% | 43.7% | 10.3% | 9.5% | 108,369 | 10,940 | 97,429 | 2,081 | 5,500 | 89,848 | 100.0% | 10/6/2019 | Ann. T-6 6/30/2019 | 111,731 | 11,018 | 100,713 |
68 | Loan | Dollar General Centralia | 0 | 1,330,000 | 2/23/2019 | 1.64 | 1.62 | 70.0% | 70.0% | 9.0% | 8.9% | 86,735 | 2,602 | 84,133 | 1,350 | 0 | 82,783 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
69 | Loan | Dollar General Hubbard Lake | 0 | 1,290,000 | 5/10/2019 | 1.80 | 1.77 | 70.0% | 70.0% | 9.0% | 8.9% | 83,816 | 2,514 | 81,301 | 1,354 | 0 | 79,947 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
70 | Loan | Dollar General Trenton | 0 | 1,250,000 | 1/15/2019 | 1.59 | 1.57 | 70.0% | 70.0% | 9.0% | 8.9% | 81,396 | 2,442 | 78,954 | 1,365 | 0 | 77,589 | 100.0% | 10/1/2019 | N/A | N/A | N/A | N/A |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Second Most Recent Operating Statement Date | Second Most Recent EGI | Second Most Recent Expenses | Second Most Recent NOI | Third Most Recent Operating Statement Date | Third Most Recent EGI | Third Most Recent Expenses | Third Most Recent NOI | Largest Tenant Name(7)(8)(9)(10)(11) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date(2) | Second Largest Tenant Name(7)(9)(11) |
1 | Loan | Grand Canal Shoppes | 12/31/2018 | 103,110,653 | 31,784,180 | 71,326,473 | 12/31/2017 | 107,586,327 | 33,160,381 | 74,425,947 | Venetian Casino Resort | 42,185 | 5.6% | 34,088 SF (7/31/2025); 8,096 SF (9/30/2033); 1 SF (12/31/2019) | The Venetian Resort (Showroom / Theater) |
2 | Loan | Phoenix Industrial Portfolio II | 12/31/2018 | 8,923,998 | 1,963,475 | 6,960,523 | N/A | N/A | N/A | N/A | Various | Various | N/A | Various | Various |
2.01 | Property | Flint | 12/31/2018 | 2,117,520 | 149,611 | 1,967,909 | N/A | N/A | N/A | N/A | Android Industries | 460,000 | 100.0% | 6/30/2025 | N/A |
2.02 | Property | Beloit | 12/31/2018 | 2,390,751 | 873,271 | 1,517,480 | N/A | N/A | N/A | N/A | Bay Valley Foods | 140,947 | 34.1% | 5/31/2020 | Axium Foods, Inc. |
2.03 | Property | Jefferson | 12/31/2018 | 1,660,104 | 309,029 | 1,351,075 | N/A | N/A | N/A | N/A | Generac Power Systems, Inc. | 591,840 | 100.0% | 11/30/2023 | N/A |
2.04 | Property | DuBois | 12/31/2018 | 1,694,700 | 260,983 | 1,433,717 | N/A | N/A | N/A | N/A | DuBois Logistics, LLC | 612,800 | 100.0% | 2/28/2025 | N/A |
2.05 | Property | Huntsville | 12/31/2018 | 1,060,923 | 370,581 | 690,342 | N/A | N/A | N/A | N/A | Boneal Aerospace, Inc. | 124,630 | 39.9% | 3/31/2022 | Intercept Industries, Ltd. |
3 | Loan | 600 & 620 National Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 151,064 | 100.0% | 5/31/2029 | N/A | |
4 | Loan | Phoenix Industrial Portfolio I | 12/31/2018 | 4,477,404 | 798,932 | 3,678,472 | 12/31/2017 | 4,413,617 | 852,447 | 3,561,170 | Various | Various | N/A | Various | Various |
4.01 | Property | Emerson | 12/31/2018 | 2,065,659 | 358,793 | 1,706,866 | 12/31/2017 | 2,048,850 | 372,062 | 1,676,788 | Vilter Manufacturing LLC | 435,695 | 100.0% | 7/31/2027 | N/A |
4.02 | Property | St Francis | 12/31/2018 | 1,520,469 | 291,085 | 1,229,384 | 12/31/2017 | 1,612,792 | 295,048 | 1,317,744 | Nova Wildcat Shur-Line LLC | 300,230 | 75.2% | 11/30/2026 | Manesis 3 PL LLC |
4.03 | Property | Delta | 12/31/2018 | 891,276 | 149,054 | 742,222 | 12/31/2017 | 751,975 | 185,337 | 566,638 | Delta Faucet Company | 346,887 | 100.0% | 2/28/2022 | N/A |
5 | Loan | 10000 Santa Monica Boulevard | 12/31/2018 | 39,378,213 | 19,905,778 | 19,472,435 | 12/31/2017 | 18,246,774 | 15,684,622 | 2,562,152 | N/A | N/A | N/A | N/A | N/A |
6 | Loan | Global Data Center | 12/31/2018 | 3,772,914 | 563,558 | 3,209,356 | N/A | N/A | N/A | N/A | Flexential Corp. | 203,702 | 100.0% | 11/30/2030 | N/A |
7 | Loan | Waramaug Florida Hotel Portfolio | 12/31/2018 | 8,316,831 | 4,966,256 | 3,350,575 | 12/31/2017 | 8,068,906 | 4,916,626 | 3,152,280 | N/A | N/A | N/A | N/A | N/A |
7.01 | Property | Residence Inn – Port St. Lucie | 12/31/2018 | 4,859,985 | 2,777,941 | 2,082,044 | 12/31/2017 | 4,734,063 | 2,756,576 | 1,977,487 | N/A | N/A | N/A | N/A | N/A |
7.02 | Property | Springhill Suites – Tallahassee Central | 12/31/2018 | 3,456,846 | 2,188,315 | 1,268,531 | 12/31/2017 | 3,334,843 | 2,160,050 | 1,174,793 | N/A | N/A | N/A | N/A | N/A |
8 | Loan | The Chantilly Office Portfolio | 12/31/2018 | 10,966,136 | 4,486,782 | 6,479,354 | 12/31/2017 | 11,563,821 | 4,532,245 | 7,031,577 | Various | Various | N/A | Various | Various |
8.01 | Property | Stoneleigh I | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | AECOM Management Services, Inc. | 62,836 | 57.3% | 50,066 SF (9/3/2020); 12,770 SF (10/31/2021) | The Teaching Company, LLC |
8.02 | Property | Stoneleigh II | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | The Teaching Company, LLC | 44,434 | 41.7% | 6/30/2021 | Community Management Corporation |
8.03 | Property | Glenview II | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Aetna Life Insurance | 29,180 | 37.7% | 12/31/2022 | Redfin |
8.04 | Property | Glenview I | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | WEX, Inc. | 32,342 | 42.1% | 12/31/2022 | Tetra Tech, Inc. |
8.05 | Property | Glenbrook III | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | General Dynamics Information Technology, Inc. | 20,627 | 35.1% | 12/31/2020 | The Door and Hardware Institute |
9 | Loan | Fresenius Salt Lake | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Wasatch Artificial Kidney | 13,640 | 26.4% | 3/31/2033 | FMC-Nephrology Associates |
10 | Loan | Centrepointe Plaza | 12/31/2018 | 2,187,164 | 632,218 | 1,554,946 | 12/31/2017 | 2,241,920 | 575,751 | 1,666,169 | Ross Dress For Less | 30,187 | 26.2% | 1/31/2022 | 99 Cents Only Stores |
11 | Loan | Nostrand Place | 12/31/2018 | 2,755,152 | 1,211,727 | 1,543,425 | 12/31/2017 | 2,553,443 | 1,207,973 | 1,345,470 | Silver Star | 8,974 | 12.8% | 5/31/2037 | Aurora Energy Advisors LLC |
12 | Loan | Chelmsford MHC | 12/31/2018 | 2,050,656 | 666,986 | 1,383,670 | 12/31/2017 | 2,004,355 | 665,077 | 1,339,278 | N/A | N/A | N/A | N/A | N/A |
13 | Loan | Eagle Point Village Apartments | 12/31/2018 | 2,767,343 | 1,234,908 | 1,532,435 | 12/31/2017 | 2,446,589 | 1,193,658 | 1,252,931 | N/A | N/A | N/A | N/A | N/A |
14 | Loan | The Black Building | 12/31/2018 | 1,617,920 | 612,934 | 1,004,986 | 12/31/2017 | 1,651,547 | 529,816 | 1,121,731 | Verdure | 76,241 | 61.5% | 6/30/2034 | Coldwell Banker |
15 | Loan | 10-12 Celina Avenue | 12/31/2017 | 2,362,585 | 828,972 | 1,533,613 | 12/31/2016 | 2,283,630 | 650,062 | 1,633,568 | United States Postal Service | 321,800 | 100.0% | 2/29/2028 | N/A |
16 | Loan | SpringHill Suites Corona Riverside | 12/31/2018 | 4,667,885 | 2,703,109 | 1,964,776 | 12/31/2017 | 4,365,505 | 2,563,827 | 1,801,678 | N/A | N/A | N/A | N/A | N/A |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | 12/31/2018 | 6,267,547 | 2,768,637 | 3,498,910 | 12/31/2017 | 5,839,040 | 2,839,084 | 2,999,956 | Various | Various | N/A | Various | Various |
17.01 | Property | Smoke Tree Commons | 12/31/2018 | 4,214,192 | 1,781,530 | 2,432,662 | 12/31/2017 | 4,186,829 | 1,758,125 | 2,428,703 | TJ Maxx | 28,567 | 16.7% | 3/31/2024 | Jensen’s Finest Foods |
17.02 | Property | Smoke Tree Village | 12/31/2018 | 2,053,355 | 987,107 | 1,066,247 | 12/31/2017 | 1,652,211 | 1,080,958 | 571,253 | Ralphs Fresh Fare | 39,780 | 36.2% | 12/31/2027 | Union Oil |
18 | Loan | CIRE Equity Retail & Industrial Portfolio | 12/31/2018 | 17,277,730 | 4,616,971 | 12,660,759 | 12/31/2017 | 14,622,381 | 4,060,487 | 10,561,894 | Various | Various | N/A | Various | Various |
18.01 | Property | Wood Village Town Center | 12/31/2018 | 2,452,348 | 584,313 | 1,868,035 | N/A | N/A | N/A | N/A | Kohl’s Department Stores | 87,501 | 63.8% | 1/31/2027 | Theresa’s Pet |
18.02 | Property | Pecan Promenade | 12/31/2018 | 2,889,453 | 941,721 | 1,947,732 | 12/31/2017 | 2,854,118 | 963,259 | 1,890,858 | Ross Stores | 30,187 | 21.3% | 1/31/2022 | LA Fitness |
18.03 | Property | Valley Plaza | 12/31/2018 | 2,299,616 | 551,143 | 1,748,473 | 12/31/2017 | 2,231,849 | 524,561 | 1,707,288 | US Foods | 60,145 | 41.1% | 3/31/2024 | Ross Stores |
18.04 | Property | Pear Tree | 12/31/2018 | 2,603,067 | 705,998 | 1,897,070 | 12/31/2017 | 2,156,706 | 619,411 | 1,537,295 | JC Penney | 51,395 | 26.0% | 2/28/2024 | Lucky’s (SaveMart) |
18.05 | Property | Glendale Market Square | 12/31/2018 | 2,119,604 | 553,160 | 1,566,444 | 12/31/2017 | 2,574,463 | 746,001 | 1,828,462 | Floor & Décor | 75,000 | 40.3% | 4/30/2028 | Linda Home Furnishings |
18.06 | Property | Central Park Shopping Center | 12/31/2018 | 2,332,463 | 767,722 | 1,564,741 | 12/31/2017 | 2,183,914 | 717,680 | 1,466,234 | Big Lots | 32,153 | 21.8% | 1/31/2023 | ARC Thrift Store |
18.07 | Property | Val Vista Towne Center | 12/31/2018 | 1,437,803 | 384,336 | 1,053,467 | 12/31/2017 | 1,474,944 | 381,471 | 1,093,473 | Ross Stores | 25,126 | 26.9% | 1/31/2022 | Petco |
18.08 | Property | 2641 Hall Ave - Riverside, CA | 12/31/2018 | 226,729 | 22,209 | 204,520 | 12/31/2017 | 234,120 | 21,417 | 212,703 | 48 Forty Solutions | 34,982 | 100.0% | 5/31/2023 | N/A |
18.09 | Property | 606 W Troy - Indianapolis, IN | 12/31/2018 | 312,765 | 33,151 | 279,614 | 12/31/2017 | 313,848 | 21,676 | 292,172 | 48 Forty Solutions | 22,860 | 100.0% | 4/30/2024 | N/A |
18.10 | Property | Homeland - Bartow, FL | 12/31/2018 | 273,790 | 55,216 | 218,574 | 12/31/2017 | 265,962 | 53,050 | 212,912 | 48 Forty Solutions | 67,438 | 100.0% | 6/30/2025 | N/A |
18.11 | Property | 2621 Hall Ave - Riverside, CA | 12/31/2018 | 330,092 | 18,003 | 312,089 | 12/31/2017 | 332,458 | 11,960 | 320,498 | 48 Forty Solutions | 16,000 | 100.0% | 5/31/2023 | N/A |
19 | Loan | Courtyard by Marriott Mt. Juliet | 12/31/2018 | 4,366,980 | 2,301,924 | 2,065,056 | 12/31/2017 | 4,264,952 | 2,330,894 | 1,934,058 | N/A | N/A | N/A | N/A | N/A |
20 | Loan | Hudson River Hotel | 12/31/2018 | 3,402,432 | 1,640,505 | 1,761,927 | 12/31/2017 | 3,360,948 | 1,655,066 | 1,705,881 | N/A | N/A | N/A | N/A | N/A |
21 | Loan | Hampton Inn & Suites Mt. Juliet | 12/31/2018 | 4,276,640 | 2,492,464 | 1,784,176 | 12/31/2017 | 4,806,330 | 2,543,530 | 2,262,800 | N/A | N/A | N/A | N/A | N/A |
22 | Loan | Gateway Tower | 12/31/2018 | 2,957,344 | 1,628,855 | 1,328,489 | 12/31/2017 | 3,219,329 | 1,575,335 | 1,643,994 | KMOV-TV, Inc. | 51,535 | 24.2% | 12/31/2027 (50,460 SF); 12/1/2027 (1,075 SF) | Crawford, Murphy & Tilly, Inc. |
23 | Loan | Gatlin Retail Portfolio | 12/31/2018 | 3,114,135 | 1,137,799 | 1,976,336 | 12/31/2017 | 3,259,232 | 1,145,571 | 2,113,661 | Walmart | 170,215 | 52.5% | Various | Various |
23.01 | Property | The Forum at Gateways | 12/31/2018 | 2,434,733 | 940,975 | 1,493,758 | 12/31/2017 | 2,506,986 | 905,901 | 1,601,085 | Walmart | 129,615 | 50.6% | 1/26/2024 | LA Fitness |
23.02 | Property | Wilson Square Shopping Center | 12/31/2018 | 679,402 | 196,824 | 482,578 | 12/31/2017 | 752,246 | 239,670 | 512,576 | Walmart | 40,600 | 59.7% | 11/6/2029 | Blink Fitness |
24 | Loan | Ambler Yards | 12/31/2018 | 1,303,282 | 1,203,244 | 100,037 | 12/31/2017 | 973,167 | 721,640 | 251,527 | MPD Chemicals, LLC | 37,680 | 15.3% | 2/28/2034 | Monarch Storage & Warehouse |
25 | Loan | Blackmore Marketplace | 12/31/2018 | 2,468,031 | 530,777 | 1,937,254 | 12/31/2017 | 2,204,211 | 473,922 | 1,730,290 | Kohl’s | 55,882 | 34.1% | 1/31/2032 | Marshalls |
26 | Loan | Maui Portfolio | 12/31/2018 | 11,955,700 | 7,549,266 | 4,406,434 | 12/31/2017 | 10,797,961 | 7,043,060 | 3,754,901 | N/A | N/A | N/A | N/A | N/A |
26.01 | Property | Maui Beach Hotel | 12/31/2018 | 8,382,202 | 5,118,328 | 3,263,874 | 12/31/2017 | 7,372,738 | 4,717,527 | 2,655,211 | N/A | N/A | N/A | N/A | N/A |
26.02 | Property | Maui Nui Golf Course | 12/31/2018 | 3,573,498 | 2,430,938 | 1,142,560 | 12/31/2017 | 3,425,223 | 2,325,533 | 1,099,690 | N/A | N/A | N/A | N/A | N/A |
27 | Loan | Motus Headquarters | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Motus LLC | 320,333 | 100.0% | 6/30/2039 | N/A |
28 | Loan | Comfort Inn & Suites - Seattle | 12/31/2018 | 3,573,817 | 2,592,651 | 981,166 | 12/31/2017 | 3,659,697 | 2,684,295 | 975,401 | N/A | N/A | N/A | N/A | N/A |
29 | Loan | Landing at Fancher Creek | 12/31/2018 | 4,185,473 | 2,257,196 | 1,928,278 | 12/31/2017 | 3,730,204 | 2,189,341 | 1,540,863 | N/A | N/A | N/A | N/A | N/A |
30 | Loan | The Bijou Building | 12/31/2018 | 990,103 | 135,025 | 855,078 | 12/31/2017 | 726,369 | 141,241 | 585,128 | Chase Bank | 7,167 | 31.4% | 9/30/2022 | Clothing Shop Online |
31 | Loan | Howell Industrial Portfolio | 12/31/2018 | 809,375 | 51,430 | 757,945 | 12/31/2017 | 715,625 | 53,339 | 662,286 | Various | Various | N/A | Various | N/A |
31.01 | Property | Hatch Stamping | 12/31/2018 | 249,045 | 15,825 | 233,220 | 12/31/2017 | 220,198 | 16,412 | 203,786 | Hatch Stamping Company, LLC | 100,000 | 100.0% | 4/30/2029 | N/A |
31.02 | Property | TK Holdings | 12/31/2018 | 560,330 | 35,605 | 524,725 | 12/31/2017 | 495,427 | 36,927 | 458,500 | TK Services Inc. | 112,500 | 100.0% | 4/30/2024 | N/A |
32 | Loan | Pikeville Commons | TTM 7/31/2019 | 1,456,028 | 460,984 | 995,044 | 12/31/2018 | 1,335,789 | 387,118 | 948,672 | United States Postal Service | 10,550 | 8.7% | 6/27/2024 | Wildcat Warehouse |
33 | Loan | Courtyard by Marriott Secaucus | 12/31/2018 | 7,972,595 | 5,558,617 | 2,413,978 | 12/31/2017 | 8,194,378 | 5,582,753 | 2,611,625 | N/A | N/A | N/A | N/A | N/A |
34 | Loan | Meidinger Tower | 12/31/2018 | 6,007,958 | 3,000,561 | 3,007,397 | 12/31/2017 | 5,117,403 | 2,702,804 | 2,414,599 | Computershare, Inc. | 112,319 | 33.9% | 10/31/2023 | Mountjoy Chilton Medley, LLP |
35 | Loan | The Cliffs at Waterford | 12/31/2018 | 1,529,624 | 775,843 | 753,780 | 12/31/2017 | 1,448,284 | 738,929 | 709,355 | N/A | N/A | N/A | N/A | N/A |
36 | Loan | Staybridge Suites Benton Harbor | 12/31/2018 | 2,463,653 | 1,471,944 | 991,709 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
37 | Loan | Home2 Suites Cartersville | 12/31/2018 | 2,858,549 | 1,487,031 | 1,371,519 | 12/31/2017 | 2,692,765 | 1,487,321 | 1,205,444 | N/A | N/A | N/A | N/A | N/A |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Second Most Recent Operating Statement Date | Second Most Recent EGI | Second Most Recent Expenses | Second Most Recent NOI | Third Most Recent Operating Statement Date | Third Most Recent EGI | Third Most Recent Expenses | Third Most Recent NOI | Largest Tenant Name(7)(8)(9)(10)(11) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date(2) | Second Largest Tenant Name(7)(9)(11) |
38 | Loan | Corporate Place | 12/31/2018 | 1,007,773 | 206,263 | 801,510 | 12/31/2017 | 898,792 | 206,355 | 692,437 | Lyrical Foods | 36,395 | 42.0% | 12/31/2022 | Magico |
39 | Loan | New Hampshire Self Storage Portfolio | 12/31/2018 | 1,097,965 | 682,460 | 415,505 | 12/31/2017 | 379,832 | 435,619 | -55,787 | N/A | N/A | N/A | N/A | N/A |
39.01 | Property | Seacoast Self Storage | 12/31/2018 | 527,103 | 321,631 | 205,472 | 12/31/2017 | 43,647 | 85,687 | -42,040 | N/A | N/A | N/A | N/A | N/A |
39.02 | Property | Derry Self Storage | 12/31/2018 | 570,862 | 360,829 | 210,033 | 12/31/2017 | 336,185 | 349,932 | -13,747 | N/A | N/A | N/A | N/A | N/A |
40 | Loan | Springhill Suites Auburn Hills | 12/31/2018 | 3,087,344 | 2,091,649 | 995,695 | 12/31/2017 | 2,998,947 | 1,980,501 | 1,018,446 | N/A | N/A | N/A | N/A | N/A |
41 | Loan | San Antonio Hotel Portfolio | 12/31/2018 | 3,101,240 | 2,066,565 | 1,034,675 | 12/31/2017 | 2,736,738 | 1,969,211 | 767,527 | N/A | N/A | N/A | N/A | N/A |
41.01 | Property | La Quinta San Antonio | 12/31/2018 | 1,683,716 | 1,140,713 | 543,003 | 12/31/2017 | 1,514,194 | 1,072,405 | 441,789 | N/A | N/A | N/A | N/A | N/A |
41.02 | Property | Best Western Elmendorf | 12/31/2018 | 1,417,524 | 925,852 | 491,672 | 12/31/2017 | 1,222,544 | 896,806 | 325,738 | N/A | N/A | N/A | N/A | N/A |
42 | Loan | Best Western El Grande Inn | 12/31/2018 | 2,749,821 | 1,701,353 | 1,048,468 | 12/31/2017 | 2,335,274 | 1,610,057 | 725,217 | N/A | N/A | N/A | N/A | N/A |
43 | Loan | MainStay Suites Grantville Hershey | 12/31/2018 | 1,865,385 | 946,739 | 918,646 | 12/31/2017 | 1,782,281 | 927,695 | 854,587 | N/A | N/A | N/A | N/A | N/A |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | 12/31/2018 | 2,332,748 | 1,429,954 | 902,794 | 12/31/2017 | 1,711,719 | 1,141,426 | 570,293 | N/A | N/A | N/A | N/A | N/A |
45 | Loan | Indian Lake West Plaza | 12/31/2018 | 1,388,558 | 294,359 | 1,094,199 | 12/31/2017 | 1,353,854 | 275,399 | 1,078,455 | Tuesday Morning | 10,090 | 24.4% | 12/31/2025 | Nest Décor |
46 | Loan | El Segundo Plaza | 12/31/2018 | 1,015,915 | 205,318 | 810,597 | 12/31/2017 | 0 | 0 | 0 | CVB Financial Corp., dba Citizens Business Bank | 5,620 | 23.4% | 5/31/2027 | Soul Sauce Cantina, LLC, dba Sausal |
47 | Loan | Hampton Inn Belton | 12/31/2018 | 2,281,670 | 1,443,463 | 838,208 | 12/31/2017 | 2,304,073 | 1,457,271 | 846,802 | N/A | N/A | N/A | N/A | N/A |
48 | Loan | 87 East 4th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Sentio - Matthew Kenney | 1,669 | 28.7% | 9/24/2033 | N/A |
49 | Loan | Norman’s Crossing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | First Watch Restaurant | 3,400 | 59.1% | 5/31/2029 | Noire the Nail Bar |
50 | Loan | Windsor Park Apartments | T11 11/30/2018 | 712,947 | 299,243 | 413,703 | T11 7/31/2018 | 661,617 | 325,075 | 336,542 | N/A | N/A | N/A | N/A | N/A |
51 | Loan | Walgreens Douglasville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Walgreens | 13,434 | 100.0% | 10/31/2033 | N/A |
52 | Loan | Northern Hills Shopping Center | 12/31/2018 | 387,189 | 212,638 | 174,551 | N/A | N/A | N/A | N/A | Longhorn Café | 6,000 | 30.3% | 11/30/2027 | Laundrey Rey’s |
53 | Loan | Webb’s Plaza | 12/31/2018 | 870,365 | 283,588 | 586,777 | 12/31/2017 | 804,143 | 284,794 | 519,349 | The Kidz Club | 12,137 | 19.5% | 4/30/2021 | Family Dollar |
54 | Loan | Walgreens Tupelo | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Walgreens | 14,691 | 100.0% | 1/31/2033 | N/A |
55 | Loan | Best Western Plus - Newport News | 12/31/2018 | 1,244,440 | 670,847 | 573,593 | 12/31/2017 | 1,161,754 | 641,550 | 520,204 | N/A | N/A | N/A | N/A | N/A |
56 | Loan | Nut Tree 1670 | 12/31/2018 | 412,466 | 137,727 | 274,739 | N/A | N/A | N/A | N/A | Comcast/Xfinity | 4,846 | 50.5% | 11/30/2024 | Noah’s Bagels |
57 | Loan | Parkway Village West | 12/31/2018 | 1,017,956 | 364,018 | 653,938 | 12/31/2017 | 942,258 | 336,985 | 605,272 | Superlo Foods | 29,761 | 20.2% | 9/30/2024 | Dollar General |
58 | Loan | Walgreens Lexington | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Walgreens | 14,820 | 100.0% | 10/31/2034 | N/A |
59 | Loan | Military Plaza | 12/31/2018 | 660,621 | 212,062 | 448,559 | 12/31/2017 | 537,965 | 187,139 | 350,825 | Urban Air | 34,512 | 33.0% | 2/28/2026 | Big Lots |
60 | Loan | Ashgrove Apartments | 12/31/2018 | 740,727 | 411,890 | 328,837 | 12/31/2017 | 654,009 | 414,096 | 239,913 | N/A | N/A | N/A | N/A | N/A |
61 | Loan | Eagle Springs Professional Center | 12/31/2018 | 518,820 | 183,957 | 334,863 | 12/31/2017 | 513,613 | 190,852 | 322,761 | Vision Source | 3,490 | 13.5% | 5/31/2024 | Theraworks, Inc. |
62 | Loan | Safe and Sound Storage | 12/31/2018 | 359,474 | 116,902 | 242,572 | 12/31/2017 | 384,822 | 105,310 | 279,512 | N/A | N/A | N/A | N/A | N/A |
63 | Loan | Twin Oaks Apartments | 12/31/2018 | 529,994 | 227,788 | 302,206 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
64 | Loan | Cavalier Manor Apartments | 12/31/2018 | 582,392 | 351,964 | 230,428 | 12/31/2017 | 544,125 | 297,693 | 246,432 | N/A | N/A | N/A | N/A | N/A |
65 | Loan | Ludington Retail Center | 12/31/2018 | 408,388 | 160,644 | 247,744 | 12/31/2017 | 393,312 | 122,907 | 270,405 | Peebles | 15,504 | 20.0% | 1/31/2023 | Harbor Freight Tools |
66 | Loan | Dollar General Fayette | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Dollar General | 10,566 | 100.0% | 1/27/2034 | N/A |
67 | Loan | FedEx Muncie | 12/31/2018 | 107,037 | 10,809 | 96,228 | 12/31/2017 | 107,188 | 10,812 | 96,377 | Federal Express Corporation | 13,875 | 100.0% | 9/14/2028 | N/A |
68 | Loan | Dollar General Centralia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Dollar General | 9,002 | 100.0% | 2/28/2034 | N/A |
69 | Loan | Dollar General Hubbard Lake | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Dollar General | 9,026 | 100.0% | 5/7/2034 | N/A |
70 | Loan | Dollar General Trenton | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Dollar General | 9,100 | 100.0% | 12/31/2033 | N/A |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Second Largest Tenant Sq. Ft. | Second Largest Tenant % of NRA | Second Largest Tenant Exp. Date(2) | Third Largest Tenant Name(8)(9)(11)(22) | Third Largest Tenant Sq. Ft. | Third Largest Tenant % of NRA | Third Largest Tenant Exp. Date(2) | Fourth Largest Tenant Name(9)(11) | Fourth Largest Tenant Sq. Ft. | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Exp. Date(2) |
1 | Loan | Grand Canal Shoppes | 38,920 | 5.1% | 5/31/2029 | Madame Tussaud Las Vegas | 28,235 | 3.7% | 28,000 SF (7/31/2024); 235 SF (12/31/2019) | Regis Galerie | 28,099 | 3.7% | 15,039 SF (5/31/2025); 8,406 SF (12/31/2020); 4,654 SF (2/29/2020) |
2 | Loan | Phoenix Industrial Portfolio II | Various | N/A | Various | Various | Various | N/A | Various | Various | Various | N/A | Various |
2.01 | Property | Flint | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2.02 | Property | Beloit | 99,670 | 24.1% | 8/31/2020 | Foal, LLC | 18,511 | 4.5% | 1/31/2020 | SSB Manufacturing Company | 18,175 | 4.4% | 11/30/2021 |
2.03 | Property | Jefferson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2.04 | Property | DuBois | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2.05 | Property | Huntsville | 104,825 | 33.6% | 1/31/2021 | Custom Assembly, Inc | 70,000 | 22.4% | 11/30/2019 | N/A | N/A | N/A | N/A |
3 | Loan | 600 & 620 National Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
4 | Loan | Phoenix Industrial Portfolio I | Various | N/A | Various | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
4.01 | Property | Emerson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
4.02 | Property | St Francis | 98,757 | 24.8% | 4/30/2021 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
4.03 | Property | Delta | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
5 | Loan | 10000 Santa Monica Boulevard | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6 | Loan | Global Data Center | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
7 | Loan | Waramaug Florida Hotel Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
7.01 | Property | Residence Inn – Port St. Lucie | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
7.02 | Property | Springhill Suites – Tallahassee Central | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
8 | Loan | The Chantilly Office Portfolio | Various | N/A | Various | Various | Various | N/A | Various | Various | Various | N/A | Various |
8.01 | Property | Stoneleigh I | 5,095 | 4.6% | 6/30/2021 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
8.02 | Property | Stoneleigh II | 31,556 | 29.6% | 7/31/2021 | Johnston McLamb CASE Solutions, Inc. | 27,194 | 25.5% | 1/14/2024 | AECOM Management Services, Inc. | 3,363 | 3.2% | 11/30/2022 |
8.03 | Property | Glenview II | 20,358 | 26.3% | 11/30/2024 | National Datacare Corporation | 12,805 | 16.5% | 10/31/2020 | Omniplex World Services | 4,370 | 5.6% | 2/29/2020 |
8.04 | Property | Glenview I | 20,020 | 26.1% | 12/31/2024 | General Dynamics Information Technology, Inc. | 20,000 | 26.1% | 1/31/2021 | N/A | N/A | N/A | N/A |
8.05 | Property | Glenbrook III | 10,701 | 18.2% | 9/30/2019 | America’s Charities | 7,951 | 13.5% | 12/31/2021 | First American Title | 5,856 | 10.0% | 1/31/2021 |
9 | Loan | Fresenius Salt Lake | 11,031 | 21.4% | 3/31/2033 | Fresenius Management Services | 7,140 | 13.8% | 3/31/2033 | Utah Vascular Clinic | 6,851 | 13.3% | 1/4/2033 |
10 | Loan | Centrepointe Plaza | 21,934 | 19.0% | 1/31/2026 | Sayaka Japanese Restaurant | 8,615 | 7.5% | 2/28/2028 | Kalifornia Distilleries | 7,318 | 6.3% | 3/20/2029 |
11 | Loan | Nostrand Place | 5,670 | 8.1% | 3/31/2024 | Bogoraz Law Group | 3,300 | 4.7% | 9/30/2027 | Billmed Management LLC | 3,101 | 4.4% | 12/31/2024 |
12 | Loan | Chelmsford MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
13 | Loan | Eagle Point Village Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14 | Loan | The Black Building | 10,436 | 8.4% | 2/28/2025 | P Dub Land Holdings | 4,857 | 3.9% | 5/31/2034 | Southwest Anti Aging | 4,267 | 3.4% | 2/28/2026 |
15 | Loan | 10-12 Celina Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16 | Loan | SpringHill Suites Corona Riverside | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | Various | N/A | Various | Various | Various | N/A | Various | Various | Various | N/A | Various |
17.01 | Property | Smoke Tree Commons | 25,360 | 14.8% | 8/31/2023 | Michael’s | 21,630 | 12.6% | 5/31/2021 | Cost Plus | 18,300 | 10.7% | 1/31/2021 |
17.02 | Property | Smoke Tree Village | 4,000 | 3.6% | MTM | Pho 533 | 3,343 | 3.0% | 7/31/2021 | U.S. Post Office | 3,000 | 2.7% | 8/31/2020 |
18 | Loan | CIRE Equity Retail & Industrial Portfolio | Various | N/A | Various | Various | Various | N/A | Various | Various | Various | N/A | Various |
18.01 | Property | Wood Village Town Center | 9,800 | 7.1% | 6/30/2024 | The Rock Wood Fired Pizza & Spirit | 5,196 | 3.8% | 6/30/2021 | The Sleep Train, Inc. | 5,091 | 3.7% | 9/30/2026 |
18.02 | Property | Pecan Promenade | 27,564 | 19.5% | 11/30/2029 | Dollar Tree | 10,000 | 7.1% | 10/31/2022 | Kirkland’s | 10,000 | 7.1% | 6/30/2020 |
18.03 | Property | Valley Plaza | 27,650 | 18.9% | 1/31/2021 | Salon Boutique | 7,880 | 5.4% | 5/31/2028 | Banner Health | 5,000 | 3.4% | 8/31/2023 |
18.04 | Property | Pear Tree | 49,377 | 25.0% | 3/31/2024 | Ross Stores | 25,976 | 13.2% | 1/30/2025 | Big 5 Sporting Goods | 16,520 | 8.4% | 5/31/2022 |
18.05 | Property | Glendale Market Square | 45,000 | 24.2% | 11/30/2024 | EJ’s Auction & Consignment | 28,909 | 15.6% | 11/30/2025 | Hospice of the Valley | 8,443 | 4.5% | 2/29/2020 |
18.06 | Property | Central Park Shopping Center | 29,294 | 19.9% | 5/31/2025 | Adventure Dental | 8,805 | 6.0% | 4/30/2024 | Fast Cash Pawn and Jewelry | 5,724 | 3.9% | 11/30/2019 |
18.07 | Property | Val Vista Towne Center | 13,221 | 14.2% | 1/31/2022 | Fred Astaire | 3,511 | 3.8% | 11/30/2024 | Val Vista Dental | 2,551 | 2.7% | 4/30/2020 |
18.08 | Property | 2641 Hall Ave - Riverside, CA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
18.09 | Property | 606 W Troy - Indianapolis, IN | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
18.10 | Property | Homeland - Bartow, FL | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
18.11 | Property | 2621 Hall Ave - Riverside, CA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
19 | Loan | Courtyard by Marriott Mt. Juliet | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
20 | Loan | Hudson River Hotel | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
21 | Loan | Hampton Inn & Suites Mt. Juliet | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
22 | Loan | Gateway Tower | 19,670 | 9.2% | 9/30/2028 | East-West Gateway Coordination | 16,329 | 7.7% | 12/31/2028 (16,101 SF); 12/1/2099 (228 SF) | Oculus, Inc. | 14,808 | 6.9% | 8/31/2023 |
23 | Loan | Gatlin Retail Portfolio | Various | N/A | Various | Various | Various | N/A | Various | Various | Various | N/A | Various |
23.01 | Property | The Forum at Gateways | 42,300 | 16.5% | 1/31/2029 | Dollar Tree | 11,972 | 4.7% | 11/1/2029 | Buffalo Wild Wings | 7,583 | 3.0% | 4/12/2024 |
23.02 | Property | Wilson Square Shopping Center | 11,400 | 16.8% | 9/4/2029 | Own It Home Furnishings | 5,280 | 7.8% | 10/31/2024 | Super Wing & Philly | 1,575 | 2.3% | 2/28/2026 |
24 | Loan | Ambler Yards | 36,767 | 14.9% | 7/31/2022 | Kupper Engineering, Inc | 19,022 | 7.7% | 1/31/2028 | Betty Borden’s House of Whacks | 18,305 | 7.4% | 4/30/2024 |
25 | Loan | Blackmore Marketplace | 24,000 | 14.6% | 10/31/2023 | Michael’s | 18,362 | 11.2% | 7/31/2029 | PetSmart | 17,868 | 10.9% | 1/31/2028 |
26 | Loan | Maui Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26.01 | Property | Maui Beach Hotel | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26.02 | Property | Maui Nui Golf Course | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
27 | Loan | Motus Headquarters | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
28 | Loan | Comfort Inn & Suites - Seattle | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
29 | Loan | Landing at Fancher Creek | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
30 | Loan | The Bijou Building | 5,150 | 22.6% | 9/30/2022 | Beach City Capital | 4,510 | 19.8% | 10/31/2026 | Steel Services, LTD. | 3,082 | 13.5% | 7/31/2022 |
31 | Loan | Howell Industrial Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
31.01 | Property | Hatch Stamping | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
31.02 | Property | TK Holdings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
32 | Loan | Pikeville Commons | 3,492 | 2.9% | 7/31/2021 | OneMain Financial | 2,683 | 2.2% | 9/30/2020 | Moe’s Southwest Grill | 2,682 | 2.2% | 4/30/2026 |
33 | Loan | Courtyard by Marriott Secaucus | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
34 | Loan | Meidinger Tower | 37,345 | 11.3% | 11/30/2022 | Cotiviti Healthcare | 27,960 | 8.4% | 7/31/2021 | River Road Asset Management, LLC | 19,980 | 6.0% | 8/14/2022 |
35 | Loan | The Cliffs at Waterford | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
36 | Loan | Staybridge Suites Benton Harbor | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
37 | Loan | Home2 Suites Cartersville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Second Largest Tenant Sq. Ft. | Second Largest Tenant % of NRA | Second Largest Tenant Exp. Date(2) | Third Largest Tenant Name(8)(9)(11)(22) | Third Largest Tenant Sq. Ft. | Third Largest Tenant % of NRA | Third Largest Tenant Exp. Date(2) | Fourth Largest Tenant Name(9)(11) | Fourth Largest Tenant Sq. Ft. | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Exp. Date(2) |
38 | Loan | Corporate Place | 30,000 | 34.6% | 3/31/2025 | Coram Healthcare | 20,218 | 23.3% | 1/31/2026 | N/A | N/A | N/A | N/A |
39 | Loan | New Hampshire Self Storage Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
39.01 | Property | Seacoast Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
39.02 | Property | Derry Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
40 | Loan | Springhill Suites Auburn Hills | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
41 | Loan | San Antonio Hotel Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
41.01 | Property | La Quinta San Antonio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
41.02 | Property | Best Western Elmendorf | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
42 | Loan | Best Western El Grande Inn | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
43 | Loan | MainStay Suites Grantville Hershey | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
45 | Loan | Indian Lake West Plaza | 7,374 | 17.8% | 10/31/2020 | Bonfire Mongolian Grill | 5,013 | 12.1% | 11/30/2021 | FitRev Gym | 4,800 | 11.6% | 3/31/2021 |
46 | Loan | El Segundo Plaza | 3,935 | 16.4% | 7/31/2025 | Expert Cleaners | 2,541 | 10.6% | 1/31/2027 | Gambucci Clinic | 1,970 | 8.2% | 6/30/2022 |
47 | Loan | Hampton Inn Belton | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
48 | Loan | 87 East 4th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
49 | Loan | Norman’s Crossing | 2,350 | 40.9% | 7/31/2029 | Chase Bank | N/A | N/A | 12/31/2038 | N/A | N/A | N/A | N/A |
50 | Loan | Windsor Park Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
51 | Loan | Walgreens Douglasville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
52 | Loan | Northern Hills Shopping Center | 3,321 | 16.7% | 12/31/2028 | Pho & Chinese | 3,100 | 15.6% | 4/30/2024 | Dunkin Donuts | 2,400 | 12.1% | 7/31/2023 |
53 | Loan | Webb’s Plaza | 10,945 | 17.6% | 12/31/2022 | Amped Fitness | 10,600 | 17.0% | 10/31/2026 | Pinellas MYcroschool | 10,166 | 16.3% | 7/31/2022 |
54 | Loan | Walgreens Tupelo | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
55 | Loan | Best Western Plus - Newport News | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
56 | Loan | Nut Tree 1670 | 2,311 | 24.1% | 2/29/2028 | Cream | 1,218 | 12.7% | 4/30/2028 | The Juice Company | 1,217 | 12.7% | 11/30/2028 |
57 | Loan | Parkway Village West | 19,128 | 13.0% | 10/31/2021 | Advance Auto Parts | 16,820 | 11.4% | 5/31/2027 | Central Wigs | 13,872 | 9.4% | 4/30/2022 |
58 | Loan | Walgreens Lexington | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
59 | Loan | Military Plaza | 30,260 | 28.9% | 1/31/2021 | Harbor Freight Tools | 16,582 | 15.8% | 8/31/2027 | Dollar Tree | 8,228 | 7.9% | 8/31/2024 |
60 | Loan | Ashgrove Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
61 | Loan | Eagle Springs Professional Center | 2,757 | 10.6% | 8/31/2024 | Jerry L Gentry, MD | 2,700 | 10.4% | 9/30/2021 | Howard Lomax, DDS | 2,500 | 9.7% | 8/31/2024 |
62 | Loan | Safe and Sound Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
63 | Loan | Twin Oaks Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
64 | Loan | Cavalier Manor Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
65 | Loan | Ludington Retail Center | 15,373 | 19.8% | 7/31/2028 | Total Fitness | 12,757 | 16.5% | 4/30/2023 | Dollar General | 10,043 | 13.0% | 9/30/2024 |
66 | Loan | Dollar General Fayette | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
67 | Loan | FedEx Muncie | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
68 | Loan | Dollar General Centralia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
69 | Loan | Dollar General Hubbard Lake | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
70 | Loan | Dollar General Trenton | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Fifth Largest Tenant Name(9)(11) | Fifth Largest Tenant Sq. Ft. | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Exp. Date(2) | Engineering Report Date | Environmental Report Date (Phase I)(14)(15) | Environmental Report Date (Phase II)(14)(15) | Seismic Report Date | Seismic PML % | Loan Purpose | Engineering Reserve / Deferred Maintenance | Initial Tax Reserve | Monthly Tax Reserve | Initial Insurance Reserve | Monthly Insurance Reserve | Initial Replacement Reserve |
1 | Loan | Grand Canal Shoppes | TAO Nightclub | 24,378 | 3.2% | 1/31/2025 | 3/18/2019 | 5/15/2019 | N/A | N/A | N/A | Refinance | ||||||
2 | Loan | Phoenix Industrial Portfolio II | N/A | N/A | N/A | N/A | Various | Various | N/A | N/A | N/A | Refinance | 283,040 | 261,385 | 62,502 | 159,062 | 13,255 | |
2.01 | Property | Flint | N/A | N/A | N/A | N/A | 8/15/2019 | 8/15/2019 | N/A | N/A | N/A | |||||||
2.02 | Property | Beloit | N/A | N/A | N/A | N/A | 8/15/2019 | 8/15/2019 | N/A | N/A | N/A | |||||||
2.03 | Property | Jefferson | N/A | N/A | N/A | N/A | 8/15/2019 | 8/15/2019 | N/A | N/A | N/A | |||||||
2.04 | Property | DuBois | N/A | N/A | N/A | N/A | 8/19/2019 | 8/19/2019 | N/A | N/A | N/A | |||||||
2.05 | Property | Huntsville | N/A | N/A | N/A | N/A | 8/15/2019 | 8/15/2019 | N/A | N/A | N/A | |||||||
3 | Loan | 600 & 620 National Avenue | N/A | N/A | N/A | N/A | 8/26/2019 | 8/27/2019 | N/A | 8/26/2019 | 6.0% | Acquisition | 75,532 | |||||
4 | Loan | Phoenix Industrial Portfolio I | N/A | N/A | N/A | N/A | Various | Various | N/A | N/A | N/A | Refinance | 37,156 | 239,610 | 38,339 | 30,321 | 4,798 | |
4.01 | Property | Emerson | N/A | N/A | N/A | N/A | 7/23/2019 | 8/5/2019 | N/A | N/A | N/A | |||||||
4.02 | Property | St Francis | N/A | N/A | N/A | N/A | 7/24/2019 | 8/5/2019 | N/A | N/A | N/A | |||||||
4.03 | Property | Delta | N/A | N/A | N/A | N/A | 7/22/2019 | 8/8/2019 | N/A | N/A | N/A | |||||||
5 | Loan | 10000 Santa Monica Boulevard | N/A | N/A | N/A | N/A | 3/26/2019 | 3/27/2019 | N/A | 3/26/2019 | 9.0% | Refinance | 890,641 | 222,660 | ||||
6 | Loan | Global Data Center | N/A | N/A | N/A | N/A | 6/21/2019 | 6/17/2019 | N/A | N/A | N/A | Refinance | ||||||
7 | Loan | Waramaug Florida Hotel Portfolio | N/A | N/A | N/A | N/A | Various | 7/17/2019 | N/A | N/A | N/A | Acquisition | 218,149 | 31,164 | 116,710 | 10,610 | ||
7.01 | Property | Residence Inn – Port St. Lucie | N/A | N/A | N/A | N/A | 5/31/2019 | 7/17/2019 | N/A | N/A | N/A | |||||||
7.02 | Property | Springhill Suites – Tallahassee Central | N/A | N/A | N/A | N/A | 5/29/2019 | 7/17/2019 | N/A | N/A | N/A | |||||||
8 | Loan | The Chantilly Office Portfolio | Various | Various | N/A | Various | Various | 4/3/2019 | N/A | N/A | N/A | Recapitalization | ||||||
8.01 | Property | Stoneleigh I | N/A | N/A | N/A | N/A | 3/29/2019 | 4/3/2019 | N/A | N/A | N/A | |||||||
8.02 | Property | Stoneleigh II | N/A | N/A | N/A | N/A | 3/29/2019 | 4/3/2019 | N/A | N/A | N/A | |||||||
8.03 | Property | Glenview II | N/A | N/A | N/A | N/A | 4/1/2019 | 4/3/2019 | N/A | N/A | N/A | |||||||
8.04 | Property | Glenview I | N/A | N/A | N/A | N/A | 4/1/2019 | 4/3/2019 | N/A | N/A | N/A | |||||||
8.05 | Property | Glenbrook III | AECOM Management Services, Inc. | 5,184 | 8.8% | 10/31/2021 | 4/1/2019 | 4/3/2019 | N/A | N/A | N/A | |||||||
9 | Loan | Fresenius Salt Lake | Utah Imaging Associates | 4,572 | 8.9% | 1/4/2028 | 7/30/2019 | 7/30/2019 | N/A | 8/21/2019 | 7.0% | Refinance | 164,730 | 13,728 | 13,805 | 1,534 | ||
10 | Loan | Centrepointe Plaza | Classic Molding | 5,789 | 5.0% | 2/28/2021 | 4/19/2019 | 4/19/2019 | N/A | 4/23/2019 | 12.0% | Refinance | 104,832 | 24,960 | 15,389 | 4,885 | ||
11 | Loan | Nostrand Place | Chopstix | 3,081 | 4.4% | 4/30/2024 | 6/25/2018 | 7/2/2019 | N/A | N/A | N/A | Acquisition | 300,625 | 221,976 | 55,494 | |||
12 | Loan | Chelmsford MHC | N/A | N/A | N/A | N/A | 7/2/2019 | 7/2/2019 | N/A | N/A | N/A | Refinance | 23,865 | 11,933 | ||||
13 | Loan | Eagle Point Village Apartments | N/A | N/A | N/A | N/A | 5/20/2019 | 5/20/2019 | N/A | N/A | N/A | Refinance | 207,625 | 24,717 | 35,213 | 3,726 | ||
14 | Loan | The Black Building | Aim Bank | 3,696 | 3.0% | 8/31/2020 | 8/22/2019 | 8/22/2019 | N/A | N/A | N/A | Refinance | 174,474 | 17,447 | 39,543 | 5,649 | ||
15 | Loan | 10-12 Celina Avenue | N/A | N/A | N/A | N/A | 6/25/2019 | 7/1/2019 | 6/28/2019 | N/A | N/A | Acquisition | 111,965 | 37,322 | 11,404 | 3,801 | ||
16 | Loan | SpringHill Suites Corona Riverside | N/A | N/A | N/A | N/A | 7/1/2019 | 6/20/2019 | N/A | 6/20/2019 | 4.0% | Acquisition | 313 | 64,467 | 15,349 | 4,639 | 2,209 | |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | Various | Various | N/A | Various | 4/30/2019 | Various | N/A | 5/1/2019 | Various | Refinance | ||||||
17.01 | Property | Smoke Tree Commons | Walgreens | 14,820 | 8.6% | 5/1/2073 | 4/30/2019 | 4/25/2019 | N/A | 5/1/2019 | 12.0% | |||||||
17.02 | Property | Smoke Tree Village | Giuseppe’s Pizza & Pasta | 2,602 | 2.4% | 4/30/2021 | 4/30/2019 | 4/30/2019 | N/A | 5/1/2019 | 15.0% | |||||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | Various | Various | N/A | Various | 4/12/2019 | 4/12/2019 | N/A | Various | Various | Refinance | 171,330 | 323,078 | 161,539 | 301,104 | ||
18.01 | Property | Wood Village Town Center | National Vision, Inc. | 3,183 | 2.3% | 1/31/2020 | 4/12/2019 | 4/12/2019 | N/A | 4/12/2019 | 7.0% | |||||||
18.02 | Property | Pecan Promenade | Shoe Show | 7,007 | 5.0% | 6/30/2026 | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.03 | Property | Valley Plaza | Sprint | 4,230 | 2.9% | 8/31/2021 | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.04 | Property | Pear Tree | Maurice’s | 5,300 | 2.7% | 1/31/2021 | 4/12/2019 | 4/12/2019 | N/A | 4/12/2019 | 17.0% | |||||||
18.05 | Property | Glendale Market Square | Cucina Tagliani | 4,920 | 2.6% | 4/30/2024 | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.06 | Property | Central Park Shopping Center | Comrade Brewery | 5,315 | 3.6% | 5/31/2021 | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.07 | Property | Val Vista Towne Center | Regis Salon | 1,910 | 2.0% | 11/30/2019 | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | N/A | N/A | N/A | N/A | 4/12/2019 | 4/12/2019 | N/A | 4/12/2019 | 14.0% | |||||||
18.09 | Property | 606 W Troy - Indianapolis, IN | N/A | N/A | N/A | N/A | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.10 | Property | Homeland - Bartow, FL | N/A | N/A | N/A | N/A | 4/12/2019 | 4/12/2019 | N/A | N/A | N/A | |||||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | N/A | N/A | N/A | N/A | 4/12/2019 | 4/12/2019 | N/A | 4/12/2019 | 11.0% | |||||||
19 | Loan | Courtyard by Marriott Mt. Juliet | N/A | N/A | N/A | N/A | 8/1/2019 | 8/1/2019 | N/A | N/A | N/A | Refinance | 76,372 | 8,486 | 5,540 | 1,847 | ||
20 | Loan | Hudson River Hotel | N/A | N/A | N/A | N/A | 6/5/2019 | 6/5/2019 | N/A | N/A | N/A | Refinance | 65,000 | 147,213 | 36,803 | 37,596 | 4,177 | |
21 | Loan | Hampton Inn & Suites Mt. Juliet | N/A | N/A | N/A | N/A | 8/1/2019 | 8/1/2019 | N/A | N/A | N/A | Refinance | 65,133 | 7,237 | 17,259 | 1,918 | ||
22 | Loan | Gateway Tower | Fox Galvin, LLC | 14,697 | 6.9% | 6/30/2026 | 8/29/2019 | 8/28/2019 | N/A | N/A | N/A | Refinance | 360,627 | 34,021 | 6,029 | 3,768 | ||
23 | Loan | Gatlin Retail Portfolio | Various | Various | N/A | Various | 8/22/2019 | 8/22/2019 | N/A | N/A | N/A | Refinance | 142,933 | 211,249 | 36,596 | |||
23.01 | Property | The Forum at Gateways | Rondo Produce Market | 4,866 | 1.9% | 1/31/2025 | 8/22/2019 | 8/22/2019 | N/A | N/A | N/A | |||||||
23.02 | Property | Wilson Square Shopping Center | Smoke N’ Vape | 1,500 | 2.2% | 2/28/2020 | 8/22/2019 | 8/22/2019 | N/A | N/A | N/A | |||||||
24 | Loan | Ambler Yards | Phenom People | 17,689 | 7.2% | 4/1/2026 | 3/20/2019 | 3/21/2019 | N/A | N/A | N/A | Refinance | 23,761 | 9,139 | 119,496 | 10,074 | 267,691 | |
25 | Loan | Blackmore Marketplace | ULTA | 9,992 | 6.1% | 7/31/2024 | 4/25/2019 | 8/14/2019 | N/A | N/A | N/A | Refinance | ||||||
26 | Loan | Maui Portfolio | N/A | N/A | N/A | N/A | 11/13/2018 | Various | N/A | N/A | N/A | Acquisition | 122,281 | 68,919 | 12,307 | 98,753 | 27,431 | 1,610,000 |
26.01 | Property | Maui Beach Hotel | N/A | N/A | N/A | N/A | 11/13/2018 | 11/15/2018 | N/A | N/A | N/A | |||||||
26.02 | Property | Maui Nui Golf Course | N/A | N/A | N/A | N/A | 11/13/2018 | 11/13/2018 | N/A | N/A | N/A | |||||||
27 | Loan | Motus Headquarters | N/A | N/A | N/A | N/A | 5/29/2019 | 5/24/2019 | N/A | N/A | N/A | Acquisition | ||||||
28 | Loan | Comfort Inn & Suites - Seattle | N/A | N/A | N/A | N/A | 8/21/2019 | 8/21/2019 | N/A | 8/21/2019 | 9.0% | Refinance | 12,813 | 9,093 | 9,093 | 23,171 | 3,049 | |
29 | Loan | Landing at Fancher Creek | N/A | N/A | N/A | N/A | 7/29/2019 | 7/28/2019 | N/A | 7/29/2019 | 3.0% | Refinance | 29,438 | 272,985 | 38,998 | 86,016 | 10,752 | |
30 | Loan | The Bijou Building | Bar Method Hermosa | 1,530 | 6.7% | 6/30/2022 | 7/17/2019 | 4/29/2019 | N/A | 7/17/2019 | 19.0% | Acquisition | 18,288 | 3,048 | 1,686 | |||
31 | Loan | Howell Industrial Portfolio | N/A | N/A | N/A | N/A | Various | 5/10/2019 | N/A | N/A | N/A | Refinance | 26,278 | 8,759 | 17,698 | 1,770 | ||
31.01 | Property | Hatch Stamping | N/A | N/A | N/A | N/A | 8/26/2019 | 5/10/2019 | N/A | N/A | N/A | |||||||
31.02 | Property | TK Holdings | N/A | N/A | N/A | N/A | 5/21/2019 | 5/10/2019 | N/A | N/A | N/A | |||||||
32 | Loan | Pikeville Commons | Kay Jewelers | 2,500 | 2.1% | 12/31/2024 | 7/12/2019 | 7/12/2019 | N/A | N/A | N/A | Refinance | 5,500 | 125,736 | 13,971 | 18,203 | 2,023 | |
33 | Loan | Courtyard by Marriott Secaucus | N/A | N/A | N/A | N/A | 8/29/2019 | 8/29/2019 | N/A | N/A | N/A | Refinance | ||||||
34 | Loan | Meidinger Tower | Seiller Waterman, LLC | 14,341 | 4.3% | 12/31/2023 | 4/29/2019 | 4/29/2019 | N/A | N/A | N/A | Refinance | 350,931 | 36,555 | ||||
35 | Loan | The Cliffs at Waterford | N/A | N/A | N/A | N/A | 8/2/2019 | 8/2/2019 | N/A | N/A | N/A | Acquisition | 34,162 | 17,081 | 5,286 | 3,000 | ||
36 | Loan | Staybridge Suites Benton Harbor | N/A | N/A | N/A | N/A | 6/19/2019 | 6/19/2019 | N/A | N/A | N/A | Refinance | 13,056 | 13,056 | 6,958 | 1,740 | ||
37 | Loan | Home2 Suites Cartersville | N/A | N/A | N/A | N/A | 6/19/2019 | 6/19/2019 | N/A | N/A | N/A | Refinance | 43,155 | 4,110 | 11,862 | 1,614 |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Fifth Largest Tenant Name(9)(11) | Fifth Largest Tenant Sq. Ft. | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Exp. Date(2) | Engineering Report Date | Environmental Report Date (Phase I)(14)(15) | Environmental Report Date (Phase II)(14)(15) | Seismic Report Date | Seismic PML % | Loan Purpose | Engineering Reserve / Deferred Maintenance | Initial Tax Reserve | Monthly Tax Reserve | Initial Insurance Reserve | Monthly Insurance Reserve | Initial Replacement Reserve |
38 | Loan | Corporate Place | N/A | N/A | N/A | N/A | 7/2/2019 | 7/3/2019 | N/A | 7/2/2019 | 16.0% | Refinance | 34,445 | 6,889 | ||||
39 | Loan | New Hampshire Self Storage Portfolio | N/A | N/A | N/A | N/A | 7/8/2019 | 7/3/2019 | N/A | N/A | N/A | Acquisition | 88,396 | 16,837 | 9,188 | 729 | ||
39.01 | Property | Seacoast Self Storage | N/A | N/A | N/A | N/A | 7/8/2019 | 7/3/2019 | N/A | N/A | N/A | |||||||
39.02 | Property | Derry Self Storage | N/A | N/A | N/A | N/A | 7/8/2019 | 7/3/2019 | N/A | N/A | N/A | |||||||
40 | Loan | Springhill Suites Auburn Hills | N/A | N/A | N/A | N/A | 7/12/2019 | 7/12/2019 | N/A | N/A | N/A | Refinance | 11,668 | 13,035 | 2,607 | |||
41 | Loan | San Antonio Hotel Portfolio | N/A | N/A | N/A | N/A | 3/5/2019 | 3/5/2019 | N/A | N/A | N/A | Refinance | 220,846 | 22,085 | 37,921 | 3,033 | ||
41.01 | Property | La Quinta San Antonio | N/A | N/A | N/A | N/A | 3/5/2019 | 3/5/2019 | N/A | N/A | N/A | |||||||
41.02 | Property | Best Western Elmendorf | N/A | N/A | N/A | N/A | 3/5/2019 | 3/5/2019 | N/A | N/A | N/A | |||||||
42 | Loan | Best Western El Grande Inn | N/A | N/A | N/A | N/A | 8/10/2019 | 8/9/2019 | N/A | 8/12/2019 | 14.0% | Refinance | 12,500 | 33,818 | 4,831 | 12,157 | 1,577 | |
43 | Loan | MainStay Suites Grantville Hershey | N/A | N/A | N/A | N/A | 6/17/2019 | 6/17/2019 | N/A | N/A | N/A | Refinance | 6,045 | 23,275 | 3,167 | |||
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | N/A | N/A | N/A | N/A | 6/27/2019 | 6/26/2019 | N/A | N/A | N/A | Acquisition | 44,954 | 4,281 | 22,117 | 3,511 | ||
45 | Loan | Indian Lake West Plaza | Five Guys Burgers and Fries | 2,435 | 5.9% | 12/31/2025 | 6/10/2019 | 6/11/2019 | N/A | N/A | N/A | Refinance | 3,375 | 86,276 | 12,325 | 3,138 | 1,494 | |
46 | Loan | El Segundo Plaza | Havana Sandwich Company | 1,430 | 6.0% | 4/30/2024 | 5/13/2019 | 7/1/2019 | N/A | 5/13/2019 | 16.0% | Refinance | 25,588 | 7,108 | 3,560 | 1,369 | ||
47 | Loan | Hampton Inn Belton | N/A | N/A | N/A | N/A | 5/31/2019 | 5/31/2019 | N/A | N/A | N/A | Refinance | 81,071 | 8,579 | 6,225 | 2,964 | ||
48 | Loan | 87 East 4th Street | N/A | N/A | N/A | N/A | 7/2/2019 | 7/5/2019 | N/A | N/A | N/A | Refinance | 7,500 | 1,814 | 1,814 | 4,178 | 696 | |
49 | Loan | Norman’s Crossing | N/A | N/A | N/A | N/A | 7/18/2019 | 7/18/2019 | N/A | N/A | N/A | Refinance | 2,031 | 1,778 | 386 | |||
50 | Loan | Windsor Park Apartments | N/A | N/A | N/A | N/A | 6/28/2019 | N/A | N/A | N/A | N/A | Refinance | 196,138 | 38,367 | 5,481 | |||
51 | Loan | Walgreens Douglasville | N/A | N/A | N/A | N/A | 8/7/2019 | 8/7/2019 | N/A | N/A | N/A | Refinance | ||||||
52 | Loan | Northern Hills Shopping Center | Mariner Finance | 1,806 | 9.1% | 5/31/2021 | 7/8/2019 | 7/5/2019 | N/A | N/A | N/A | Acquisition | 90,607 | 10,787 | 3,893 | 927 | ||
53 | Loan | Webb’s Plaza | St. Petersburg Kidney Care | 6,082 | 9.8% | 5/31/2022 | 7/16/2019 | 7/16/2019 | N/A | N/A | N/A | Refinance | 4,563 | 103,045 | 8,178 | 13,559 | 2,583 | |
54 | Loan | Walgreens Tupelo | N/A | N/A | N/A | N/A | 8/7/2019 | 8/7/2019 | N/A | N/A | N/A | Refinance | ||||||
55 | Loan | Best Western Plus - Newport News | N/A | N/A | N/A | N/A | 7/18/2019 | 7/18/2019 | N/A | N/A | N/A | Refinance | 3,851 | 986 | 939 | |||
56 | Loan | Nut Tree 1670 | N/A | N/A | N/A | N/A | 6/24/2019 | N/A | N/A | 6/24/2019 | 9.0% | Refinance | 26,855 | 5,371 | ||||
57 | Loan | Parkway Village West | Multiline Furniture | 11,000 | 7.5% | 11/30/2020 | 4/15/2019 | 4/15/2019 | N/A | 4/15/2019 | 11.0% | Acquisition | 267,695 | 36,856 | 10,238 | 7,464 | 2,871 | |
58 | Loan | Walgreens Lexington | N/A | N/A | N/A | N/A | 8/7/2019 | 8/12/2019 | N/A | N/A | N/A | Refinance | ||||||
59 | Loan | Military Plaza | Buffet City | 7,062 | 6.7% | 1/31/2022 | 6/24/2019 | 6/24/2019 | N/A | N/A | N/A | Refinance | 18,750 | 4,723 | 18,833 | |||
60 | Loan | Ashgrove Apartments | N/A | N/A | N/A | N/A | 7/11/2019 | 7/12/2019 | N/A | N/A | N/A | Acquisition | 38,563 | 7,653 | 7,288 | 18,806 | 1,990 | 170,000 |
61 | Loan | Eagle Springs Professional Center | Alliance MRI Lake Houston LLC | 2,100 | 8.1% | 11/30/2020 | 7/5/2019 | 7/3/2019 | N/A | N/A | N/A | Acquisition | 71,621 | 8,526 | 1,199 | 1,142 | ||
62 | Loan | Safe and Sound Storage | N/A | N/A | N/A | N/A | 6/28/2019 | 6/27/2019 | N/A | N/A | N/A | Refinance | 12,123 | 1,347 | 4,178 | 1,393 | ||
63 | Loan | Twin Oaks Apartments | N/A | N/A | N/A | N/A | 7/9/2019 | 7/11/2019 | N/A | N/A | N/A | Acquisition | 11,874 | 3,958 | 4,288 | 2,144 | ||
64 | Loan | Cavalier Manor Apartments | N/A | N/A | N/A | N/A | 8/6/2019 | 8/7/2019 | N/A | N/A | N/A | Acquisition | 6,313 | 23,552 | 7,851 | 5,223 | 1,045 | |
65 | Loan | Ludington Retail Center | Aarons | 6,690 | 8.6% | 7/31/2021 | 7/2/2019 | 7/9/2019 | N/A | N/A | N/A | Acquisition | 3,962 | |||||
66 | Loan | Dollar General Fayette | N/A | N/A | N/A | N/A | 4/9/2019 | 4/9/2019 | N/A | N/A | N/A | Acquisition | 4,000 | 333 | ||||
67 | Loan | FedEx Muncie | N/A | N/A | N/A | N/A | 6/24/2019 | 6/25/2019 | N/A | N/A | N/A | Refinance | 61,278 | 731 | 731 | |||
68 | Loan | Dollar General Centralia | N/A | N/A | N/A | N/A | 2/26/2019 | 2/22/2019 | N/A | N/A | N/A | Acquisition | 4,000 | 333 | ||||
69 | Loan | Dollar General Hubbard Lake | N/A | N/A | N/A | N/A | 5/15/2019 | 5/14/2019 | N/A | N/A | N/A | Acquisition | 4,000 | 333 | ||||
70 | Loan | Dollar General Trenton | N/A | N/A | N/A | N/A | 1/17/2019 | 1/17/2019 | N/A | N/A | N/A | Acquisition | 4,000 | 333 |
A-1-14
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Monthly Replacement Reserve(13)(18) | Replacement Reserve Cap(18) | Initial TI/LC Reserve(11) | Monthly TI/LC Reserve(13) |
1 | Loan | Grand Canal Shoppes | 386,928 | 12,309,694 | ||
2 | Loan | Phoenix Industrial Portfolio II | 19,922 | 481,308 | 199,221 | |
2.01 | Property | Flint | ||||
2.02 | Property | Beloit | ||||
2.03 | Property | Jefferson | ||||
2.04 | Property | DuBois | ||||
2.05 | Property | Huntsville | ||||
3 | Loan | 600 & 620 National Avenue | 3,147 | 75,532 | 12,085,120 | |
4 | Loan | Phoenix Industrial Portfolio I | 9,846 | 236,313 | 500,000 | |
4.01 | Property | Emerson | ||||
4.02 | Property | St Francis | ||||
4.03 | Property | Delta | ||||
5 | Loan | 10000 Santa Monica Boulevard | 6,814 | 250,000 | ||
6 | Loan | Global Data Center | ||||
7 | Loan | Waramaug Florida Hotel Portfolio | 14,081 | N/A | ||
7.01 | Property | Residence Inn – Port St. Lucie | ||||
7.02 | Property | Springhill Suites – Tallahassee Central | ||||
8 | Loan | The Chantilly Office Portfolio | 257,476 | |||
8.01 | Property | Stoneleigh I | ||||
8.02 | Property | Stoneleigh II | ||||
8.03 | Property | Glenview II | ||||
8.04 | Property | Glenview I | ||||
8.05 | Property | Glenbrook III | ||||
9 | Loan | Fresenius Salt Lake | 645 | 860 | ||
10 | Loan | Centrepointe Plaza | 1,250 | N/A | 850,000 | $25,000 until 7/6/2021; $0 thereafter |
11 | Loan | Nostrand Place | 937 | N/A | 400,000 | |
12 | Loan | Chelmsford MHC | 1,058 | N/A | ||
13 | Loan | Eagle Point Village Apartments | 6,250 | 300,000 | ||
14 | Loan | The Black Building | 1,550 | N/A | 7,751 | |
15 | Loan | 10-12 Celina Avenue | 2,682 | N/A | 1,877 | |
16 | Loan | SpringHill Suites Corona Riverside | 15,395 | N/A | ||
17 | Loan | Smoke Tree Village and Smoke Tree Commons | N/A | |||
17.01 | Property | Smoke Tree Commons | ||||
17.02 | Property | Smoke Tree Village | ||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | 20,994 | An amount equal to the product of: (x) the sum of (1) the product obtained by multiplying $0.19 by the aggregate number of rentable retail square footage in the Properties, plus (2) the product obtained by multiplying $0.05 by the aggregate number of rentable non-retail square footage in the Properties; and (y) 2 | 589,027 | 93,310 |
18.01 | Property | Wood Village Town Center | ||||
18.02 | Property | Pecan Promenade | ||||
18.03 | Property | Valley Plaza | ||||
18.04 | Property | Pear Tree | ||||
18.05 | Property | Glendale Market Square | ||||
18.06 | Property | Central Park Shopping Center | ||||
18.07 | Property | Val Vista Towne Center | ||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | ||||
18.09 | Property | 606 W Troy - Indianapolis, IN | ||||
18.10 | Property | Homeland - Bartow, FL | ||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | ||||
19 | Loan | Courtyard by Marriott Mt. Juliet | 10,559 | N/A | ||
20 | Loan | Hudson River Hotel | 1/12th of 4% of Total Revenue | |||
21 | Loan | Hampton Inn & Suites Mt. Juliet | 14,078 | N/A | ||
22 | Loan | Gateway Tower | 3,537 | N/A | 400,000 | 13,264 |
23 | Loan | Gatlin Retail Portfolio | 4,053 | N/A | 13,511 | |
23.01 | Property | The Forum at Gateways | ||||
23.02 | Property | Wilson Square Shopping Center | ||||
24 | Loan | Ambler Yards | 4,103 | N/A | 476,718 | 20,517 |
25 | Loan | Blackmore Marketplace | N/A | |||
26 | Loan | Maui Portfolio | N/A | |||
26.01 | Property | Maui Beach Hotel | ||||
26.02 | Property | Maui Nui Golf Course | ||||
27 | Loan | Motus Headquarters | N/A | |||
28 | Loan | Comfort Inn & Suites - Seattle | 12,984 | N/A | ||
29 | Loan | Landing at Fancher Creek | 11,384 | |||
30 | Loan | The Bijou Building | 380 | 9,120 | 2,850 | |
31 | Loan | Howell Industrial Portfolio | 2,656 | 100,000 | 3,542 | |
31.01 | Property | Hatch Stamping | ||||
31.02 | Property | TK Holdings | ||||
32 | Loan | Pikeville Commons | 2,810 | N/A | 1,311 | |
33 | Loan | Courtyard by Marriott Secaucus | ||||
34 | Loan | Meidinger Tower | 5,518 | 198,632 | 20,691 | |
35 | Loan | The Cliffs at Waterford | 3,000 | 100,000 | ||
36 | Loan | Staybridge Suites Benton Harbor | 4,674 | N/A | ||
37 | Loan | Home2 Suites Cartersville | 9,708 | N/A |
A-1-15
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Monthly Replacement Reserve(13)(18) | Replacement Reserve Cap(18) | Initial TI/LC Reserve(11) | Monthly TI/LC Reserve(13) |
38 | Loan | Corporate Place | 722 | 17,322 | 2,887 | |
39 | Loan | New Hampshire Self Storage Portfolio | 1,442 | N/A | ||
39.01 | Property | Seacoast Self Storage | ||||
39.02 | Property | Derry Self Storage | ||||
40 | Loan | Springhill Suites Auburn Hills | 1/12th of 4% of the greater of (i) gross revenues in the preceding calendar year or (ii) the projected gross revenues for the current calendar year. Current Monthly deposit is $10,351.14 | N/A | ||
41 | Loan | San Antonio Hotel Portfolio | 10,819 | N/A | ||
41.01 | Property | La Quinta San Antonio | ||||
41.02 | Property | Best Western Elmendorf | ||||
42 | Loan | Best Western El Grande Inn | 7,061 | N/A | ||
43 | Loan | MainStay Suites Grantville Hershey | 3,014 | N/A | ||
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | 7,926 | N/A | ||
45 | Loan | Indian Lake West Plaza | 689 | N/A | 350,000 | 4,167 |
46 | Loan | El Segundo Plaza | N/A | |||
47 | Loan | Hampton Inn Belton | 7,439 | N/A | ||
48 | Loan | 87 East 4th Street | 188 | N/A | 200,000 | 139 |
49 | Loan | Norman’s Crossing | N/A | |||
50 | Loan | Windsor Park Apartments | 1,667 | |||
51 | Loan | Walgreens Douglasville | N/A | |||
52 | Loan | Northern Hills Shopping Center | 248 | N/A | 1,653 | |
53 | Loan | Webb’s Plaza | 779 | N/A | 2,083 | |
54 | Loan | Walgreens Tupelo | N/A | |||
55 | Loan | Best Western Plus - Newport News | 4,261 | N/A | ||
56 | Loan | Nut Tree 1670 | 120 | 2,878 | 1,599 | |
57 | Loan | Parkway Village West | 1,844 | N/A | 150,000 | 12,293 |
58 | Loan | Walgreens Lexington | N/A | |||
59 | Loan | Military Plaza | 1,308 | N/A | 250,000 | 8,720 |
60 | Loan | Ashgrove Apartments | 2,300 | N/A | ||
61 | Loan | Eagle Springs Professional Center | 432 | N/A | 150,000 | 2,481 |
62 | Loan | Safe and Sound Storage | 616.81; Increasing 2% annually beginning 8/1/2019 | N/A | ||
63 | Loan | Twin Oaks Apartments | 1,333.33; Increasing 2% annually beginning 8/14/2019 | N/A | ||
64 | Loan | Cavalier Manor Apartments | $1,375, increment of 2% each year | N/A | ||
65 | Loan | Ludington Retail Center | 1,080 | 38,884 | 3,600 | |
66 | Loan | Dollar General Fayette | N/A | |||
67 | Loan | FedEx Muncie | 173.44; Increasing 2% annually beginning 11/6/2020 | N/A | 76,278 | 463 |
68 | Loan | Dollar General Centralia | N/A | |||
69 | Loan | Dollar General Hubbard Lake | N/A | |||
70 | Loan | Dollar General Trenton | N/A |
A-1-16
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | TI/LC Reserve Cap(13) | Other Reserve Reserve Description(11)(12)(17) |
1 | Loan | Grand Canal Shoppes | 2,321,544 | Gap Rent Reserve |
2 | Loan | Phoenix Industrial Portfolio II | 1,500,000 | N/A |
2.01 | Property | Flint | ||
2.02 | Property | Beloit | ||
2.03 | Property | Jefferson | ||
2.04 | Property | DuBois | ||
2.05 | Property | Huntsville | ||
3 | Loan | 600 & 620 National Avenue | N/A | |
4 | Loan | Phoenix Industrial Portfolio I | 500,000 | N/A |
4.01 | Property | Emerson | ||
4.02 | Property | St Francis | ||
4.03 | Property | Delta | ||
5 | Loan | 10000 Santa Monica Boulevard | N/A | N/A |
6 | Loan | Global Data Center | N/A | |
7 | Loan | Waramaug Florida Hotel Portfolio | N/A | PIP Reserve |
7.01 | Property | Residence Inn – Port St. Lucie | ||
7.02 | Property | Springhill Suites – Tallahassee Central | ||
8 | Loan | The Chantilly Office Portfolio | N/A | Tenant Allowance TI/LC Reserve ($1,481,290); Rent Concession Reserve ($593,341) |
8.01 | Property | Stoneleigh I | ||
8.02 | Property | Stoneleigh II | ||
8.03 | Property | Glenview II | ||
8.04 | Property | Glenview I | ||
8.05 | Property | Glenbrook III | ||
9 | Loan | Fresenius Salt Lake | N/A | N/A |
10 | Loan | Centrepointe Plaza | N/A | Mother’s Nutrition Restoration Funds ($85,400); Unfunded TI/LC ($39,935); Free Rent ($35,819) |
11 | Loan | Nostrand Place | 400,000 | Silver Star Gap Rent Reserve ($110,020.44); Silver Star TILC / Rent Credit Reserve ($100,000.00); Outstanding Leasing Commissions Reserve ($66,373.44); Silver Star Free Rent Reserve ($45,841.85); VankaVstanka Static Reserve ($39,286.41) |
12 | Loan | Chelmsford MHC | N/A | N/A |
13 | Loan | Eagle Point Village Apartments | N/A | N/A |
14 | Loan | The Black Building | 575,000 | N/A |
15 | Loan | 10-12 Celina Avenue | N/A | N/A |
16 | Loan | SpringHill Suites Corona Riverside | N/A | PIP Reserve |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | 703,088 | N/A |
17.01 | Property | Smoke Tree Commons | ||
17.02 | Property | Smoke Tree Village | ||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | An amount equal to the product of: (x) the sum of (1) the product obtained by multiplying $1.00 by the aggregate number of rentable retail square footage in the Properties, plus (2) the product obtained by multiplying $0.50 by the aggregate number of rentable non-retail square footage in the Properties; and (y) 2. | Rent Concession Funds Reserve |
18.01 | Property | Wood Village Town Center | ||
18.02 | Property | Pecan Promenade | ||
18.03 | Property | Valley Plaza | ||
18.04 | Property | Pear Tree | ||
18.05 | Property | Glendale Market Square | ||
18.06 | Property | Central Park Shopping Center | ||
18.07 | Property | Val Vista Towne Center | ||
18.08 | Property | 2641 Hall Ave - Riverside, CA | ||
18.09 | Property | 606 W Troy - Indianapolis, IN | ||
18.10 | Property | Homeland - Bartow, FL | ||
18.11 | Property | 2621 Hall Ave - Riverside, CA | ||
19 | Loan | Courtyard by Marriott Mt. Juliet | N/A | N/A |
20 | Loan | Hudson River Hotel | N/A | Seasonality Reserve Funds |
21 | Loan | Hampton Inn & Suites Mt. Juliet | N/A | N/A |
22 | Loan | Gateway Tower | N/A | Unfunded Tenant Obligations Reserve Funds |
23 | Loan | Gatlin Retail Portfolio | N/A | Free Rent Reserve ($226,892.09); Unfunded Obligation Reserve ($1,129,560.75) |
23.01 | Property | The Forum at Gateways | ||
23.02 | Property | Wilson Square Shopping Center | ||
24 | Loan | Ambler Yards | 738,615 | Norac Additive Holdback ($1,385,000); Free Rent Reserve ($274,337) |
25 | Loan | Blackmore Marketplace | 491,772 | Unfunded Tenant Obligations Reserve Funds |
26 | Loan | Maui Portfolio | N/A | N/A |
26.01 | Property | Maui Beach Hotel | ||
26.02 | Property | Maui Nui Golf Course | ||
27 | Loan | Motus Headquarters | N/A | N/A |
28 | Loan | Comfort Inn & Suites - Seattle | N/A | Seasonality Reserve ($300,000); PIP Reserve ($173,300) |
29 | Loan | Landing at Fancher Creek | Tax Lien Reserve | |
30 | Loan | The Bijou Building | 100,000 | Rent Concession Reserve ($28,864); Existing TI/LC Reserve ($225,500) |
31 | Loan | Howell Industrial Portfolio | N/A | Outstanding TI Funds ($30,000); Maintenance Charge Funds ($5,000) |
31.01 | Property | Hatch Stamping | ||
31.02 | Property | TK Holdings | ||
32 | Loan | Pikeville Commons | 100,000 | Free Rent Reserve |
33 | Loan | Courtyard by Marriott Secaucus | N/A | |
34 | Loan | Meidinger Tower | 993,162 | Unfunded Obligations Reserve |
35 | Loan | The Cliffs at Waterford | N/A | N/A |
36 | Loan | Staybridge Suites Benton Harbor | N/A | Seasonality Reserve |
37 | Loan | Home2 Suites Cartersville | N/A | N/A |
A-1-17
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | TI/LC Reserve Cap(13) | Other Reserve Reserve Description(11)(12)(17) |
38 | Loan | Corporate Place | 69,288 | N/A |
39 | Loan | New Hampshire Self Storage Portfolio | N/A | N/A |
39.01 | Property | Seacoast Self Storage | ||
39.02 | Property | Derry Self Storage | ||
40 | Loan | Springhill Suites Auburn Hills | N/A | N/A |
41 | Loan | San Antonio Hotel Portfolio | N/A | N/A |
41.01 | Property | La Quinta San Antonio | ||
41.02 | Property | Best Western Elmendorf | ||
42 | Loan | Best Western El Grande Inn | N/A | N/A |
43 | Loan | MainStay Suites Grantville Hershey | N/A | N/A |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | N/A | PIP Reserve |
45 | Loan | Indian Lake West Plaza | 250,000 | Free Rent Deposit |
46 | Loan | El Segundo Plaza | N/A | N/A |
47 | Loan | Hampton Inn Belton | N/A | N/A |
48 | Loan | 87 East 4th Street | N/A | N/A |
49 | Loan | Norman’s Crossing | N/A | TATILC Reserve Funds ($249,462); Rent Concession Funds Reserve ($13,333) |
50 | Loan | Windsor Park Apartments | N/A | |
51 | Loan | Walgreens Douglasville | N/A | N/A |
52 | Loan | Northern Hills Shopping Center | 50,000 | N/A |
53 | Loan | Webb’s Plaza | 100,000 | N/A |
54 | Loan | Walgreens Tupelo | N/A | N/A |
55 | Loan | Best Western Plus - Newport News | N/A | N/A |
56 | Loan | Nut Tree 1670 | 38,368 | N/A |
57 | Loan | Parkway Village West | 225,000 | N/A |
58 | Loan | Walgreens Lexington | N/A | N/A |
59 | Loan | Military Plaza | 500,000 | N/A |
60 | Loan | Ashgrove Apartments | N/A | N/A |
61 | Loan | Eagle Springs Professional Center | 150,000 | Vision Source Outstanding TI Reserve ($17,450); Cutaia Outstanding TI Reserve ($3,780) |
62 | Loan | Safe and Sound Storage | N/A | N/A |
63 | Loan | Twin Oaks Apartments | N/A | N/A |
64 | Loan | Cavalier Manor Apartments | N/A | N/A |
65 | Loan | Ludington Retail Center | 108,010 | N/A |
66 | Loan | Dollar General Fayette | N/A | N/A |
67 | Loan | FedEx Muncie | N/A | N/A |
68 | Loan | Dollar General Centralia | N/A | N/A |
69 | Loan | Dollar General Hubbard Lake | N/A | N/A |
70 | Loan | Dollar General Trenton | N/A | N/A |
A-1-18
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Initial Other Reserve(11)(12)(17) | Monthly Other Reserve(12) | Other Reserve Cap(12) | Ownership Interest(7) |
1 | Loan | Grand Canal Shoppes | 1,218,246 | Fee Simple/Leasehold | ||
2 | Loan | Phoenix Industrial Portfolio II | N/A | Fee Simple | ||
2.01 | Property | Flint | Fee Simple | |||
2.02 | Property | Beloit | Fee Simple | |||
2.03 | Property | Jefferson | Fee Simple | |||
2.04 | Property | DuBois | Fee Simple | |||
2.05 | Property | Huntsville | Fee Simple | |||
3 | Loan | 600 & 620 National Avenue | Fee Simple | |||
4 | Loan | Phoenix Industrial Portfolio I | 2,408 | N/A | Various | |
4.01 | Property | Emerson | Fee Simple | |||
4.02 | Property | St Francis | Fee Simple/Leasehold | |||
4.03 | Property | Delta | Fee Simple | |||
5 | Loan | 10000 Santa Monica Boulevard | N/A | Fee Simple | ||
6 | Loan | Global Data Center | Fee Simple | |||
7 | Loan | Waramaug Florida Hotel Portfolio | 2,755,015 | (i) Commencing on October 6, 2019 and on each Monthly Payment Date thereafter through and including September 6, 2022, 1/12th of 2.0% of the greater of (a) gross revenues in the preceding calendar year; (b) the projected gross revenues for the current calendar year; (ii) if Lender determines that, as of April 6, 2023, FF&E Reserve Funds together with PIP Reserve Funds with respect to the Schedule PIP has yet to be completed as of such date are in an amount less than 110% of the estimated costs required to complete the Remaining Scheduled PIP, Borrower shall make a deposit into the PIP Reserve Account in an amount sufficient to increase the sum of the PIP Reserve Funds with respect to the Scheduled PIP plus FF&E Reserve Funds to 110% of the estimated costs to complete the Remaining Scheduled PIP; or (iii) on the date that any new PIP is imposed by the Franchisor, an amount equal to 110% of the estimated costs to pay for such new PIP less the amount of FF&E Reserve Funds that remain in the FF&E Reserve Account that are not allocated for completion of FF&E work; provided however, if the PIP Work is not required to be completed with 12 months of the date of such notice. | N/A | Fee Simple |
7.01 | Property | Residence Inn – Port St. Lucie | Fee Simple | |||
7.02 | Property | Springhill Suites – Tallahassee Central | Fee Simple | |||
8 | Loan | The Chantilly Office Portfolio | 2,074,631 | N/A | Fee Simple | |
8.01 | Property | Stoneleigh I | Fee Simple | |||
8.02 | Property | Stoneleigh II | Fee Simple | |||
8.03 | Property | Glenview II | Fee Simple | |||
8.04 | Property | Glenview I | Fee Simple | |||
8.05 | Property | Glenbrook III | Fee Simple | |||
9 | Loan | Fresenius Salt Lake | N/A | Fee Simple | ||
10 | Loan | Centrepointe Plaza | 161,154 | N/A | Fee Simple | |
11 | Loan | Nostrand Place | 361,522 | N/A | Fee Simple | |
12 | Loan | Chelmsford MHC | N/A | Fee Simple | ||
13 | Loan | Eagle Point Village Apartments | N/A | Fee Simple | ||
14 | Loan | The Black Building | N/A | Fee Simple | ||
15 | Loan | 10-12 Celina Avenue | N/A | Fee Simple | ||
16 | Loan | SpringHill Suites Corona Riverside | 326,950 | N/A | Fee Simple | |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | N/A | Leasehold | ||
17.01 | Property | Smoke Tree Commons | Leasehold | |||
17.02 | Property | Smoke Tree Village | Leasehold | |||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | 52,244 | N/A | Fee Simple | |
18.01 | Property | Wood Village Town Center | Fee Simple | |||
18.02 | Property | Pecan Promenade | Fee Simple | |||
18.03 | Property | Valley Plaza | Fee Simple | |||
18.04 | Property | Pear Tree | Fee Simple | |||
18.05 | Property | Glendale Market Square | Fee Simple | |||
18.06 | Property | Central Park Shopping Center | Fee Simple | |||
18.07 | Property | Val Vista Towne Center | Fee Simple | |||
18.08 | Property | 2641 Hall Ave - Riverside, CA | Fee Simple | |||
18.09 | Property | 606 W Troy - Indianapolis, IN | Fee Simple | |||
18.10 | Property | Homeland - Bartow, FL | Fee Simple | |||
18.11 | Property | 2621 Hall Ave - Riverside, CA | Fee Simple | |||
19 | Loan | Courtyard by Marriott Mt. Juliet | N/A | Fee Simple | ||
20 | Loan | Hudson River Hotel | 100,000 | 151,000 | Fee Simple | |
21 | Loan | Hampton Inn & Suites Mt. Juliet | 20,000 | N/A | Fee Simple | |
22 | Loan | Gateway Tower | 71,036 | N/A | Fee Simple | |
23 | Loan | Gatlin Retail Portfolio | 1,356,453 | N/A | Fee Simple | |
23.01 | Property | The Forum at Gateways | Fee Simple | |||
23.02 | Property | Wilson Square Shopping Center | Fee Simple | |||
24 | Loan | Ambler Yards | 1,659,337 | N/A | Leasehold | |
25 | Loan | Blackmore Marketplace | 100,370 | N/A | Fee Simple | |
26 | Loan | Maui Portfolio | 47,762 | N/A | Fee Simple | |
26.01 | Property | Maui Beach Hotel | Fee Simple | |||
26.02 | Property | Maui Nui Golf Course | Fee Simple | |||
27 | Loan | Motus Headquarters | N/A | Fee Simple | ||
28 | Loan | Comfort Inn & Suites - Seattle | 473,300 | Springing | N/A | Fee Simple |
29 | Loan | Landing at Fancher Creek | 9,263 | N/A | Fee Simple | |
30 | Loan | The Bijou Building | 254,364 | N/A | Fee Simple | |
31 | Loan | Howell Industrial Portfolio | 35,000 | N/A | Fee Simple | |
31.01 | Property | Hatch Stamping | Fee Simple | |||
31.02 | Property | TK Holdings | Fee Simple | |||
32 | Loan | Pikeville Commons | 4,875 | N/A | Fee Simple | |
33 | Loan | Courtyard by Marriott Secaucus | N/A | Leasehold | ||
34 | Loan | Meidinger Tower | 134,676 | N/A | Fee Simple | |
35 | Loan | The Cliffs at Waterford | N/A | Fee Simple | ||
36 | Loan | Staybridge Suites Benton Harbor | 85,500 | Seasonality Reserve: In August and September, borrower shall deposit the Lesser of (a) $42,750 and (b) the amount which, at the time is made and after deducting any pending requests for disbursements from the account, if any, therefrom, would increase the balance in the account to $85,500 | N/A | Fee Simple |
37 | Loan | Home2 Suites Cartersville | N/A | Fee Simple |
A-1-19
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Initial Other Reserve(11)(12)(17) | Monthly Other Reserve(12) | Other Reserve Cap(12) | Ownership Interest(7) |
38 | Loan | Corporate Place | N/A | Fee Simple | ||
39 | Loan | New Hampshire Self Storage Portfolio | N/A | Fee Simple | ||
39.01 | Property | Seacoast Self Storage | Fee Simple | |||
39.02 | Property | Derry Self Storage | Fee Simple | |||
40 | Loan | Springhill Suites Auburn Hills | Springing | N/A | Fee Simple | |
41 | Loan | San Antonio Hotel Portfolio | N/A | Fee Simple | ||
41.01 | Property | La Quinta San Antonio | Fee Simple | |||
41.02 | Property | Best Western Elmendorf | Fee Simple | |||
42 | Loan | Best Western El Grande Inn | N/A | Fee Simple | ||
43 | Loan | MainStay Suites Grantville Hershey | N/A | Fee Simple | ||
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | 120,000 | N/A | Fee Simple | |
45 | Loan | Indian Lake West Plaza | 28,143 | N/A | Fee Simple | |
46 | Loan | El Segundo Plaza | N/A | Fee Simple | ||
47 | Loan | Hampton Inn Belton | N/A | Fee Simple | ||
48 | Loan | 87 East 4th Street | N/A | Fee Simple | ||
49 | Loan | Norman’s Crossing | 262,796 | N/A | Fee Simple | |
50 | Loan | Windsor Park Apartments | N/A | Fee Simple | ||
51 | Loan | Walgreens Douglasville | N/A | Fee Simple | ||
52 | Loan | Northern Hills Shopping Center | N/A | Fee Simple | ||
53 | Loan | Webb’s Plaza | N/A | Fee Simple | ||
54 | Loan | Walgreens Tupelo | N/A | Fee Simple | ||
55 | Loan | Best Western Plus - Newport News | N/A | Fee Simple | ||
56 | Loan | Nut Tree 1670 | N/A | Fee Simple | ||
57 | Loan | Parkway Village West | N/A | Fee Simple | ||
58 | Loan | Walgreens Lexington | N/A | Fee Simple | ||
59 | Loan | Military Plaza | N/A | Fee Simple | ||
60 | Loan | Ashgrove Apartments | N/A | Fee Simple | ||
61 | Loan | Eagle Springs Professional Center | 21,230 | N/A | Fee Simple | |
62 | Loan | Safe and Sound Storage | N/A | Fee Simple | ||
63 | Loan | Twin Oaks Apartments | N/A | Fee Simple | ||
64 | Loan | Cavalier Manor Apartments | N/A | Fee Simple | ||
65 | Loan | Ludington Retail Center | N/A | Fee Simple | ||
66 | Loan | Dollar General Fayette | N/A | Fee Simple | ||
67 | Loan | FedEx Muncie | N/A | Fee Simple | ||
68 | Loan | Dollar General Centralia | N/A | Fee Simple | ||
69 | Loan | Dollar General Hubbard Lake | N/A | Fee Simple | ||
70 | Loan | Dollar General Trenton | N/A | Fee Simple |
A-1-20
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Ground Lease Initial Expiration Date(7) | Ground Lease Extension Options(7) | Lockbox | Cash Management | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield |
1 | Loan | Grand Canal Shoppes | 2/28/2064 | Walgreens has one option to extend the Term for an additional 40 years with 2 years written notice prior to the expiration of the Term. | Hard | Springing | 709,615,385 | 215,000,000 | 60% | 1.67 | 7.5% |
2 | Loan | Phoenix Industrial Portfolio II | N/A | N/A | Hard | Springing | 28,000,000 | N/A | N/A | N/A | N/A |
2.01 | Property | Flint | N/A | N/A | |||||||
2.02 | Property | Beloit | N/A | N/A | |||||||
2.03 | Property | Jefferson | N/A | N/A | |||||||
2.04 | Property | DuBois | N/A | N/A | |||||||
2.05 | Property | Huntsville | N/A | N/A | |||||||
3 | Loan | 600 & 620 National Avenue | N/A | N/A | Hard | Springing | 98,950,000 | N/A | N/A | N/A | N/A |
4 | Loan | Phoenix Industrial Portfolio I | Various | Various | Hard | Springing | N/A | N/A | N/A | N/A | N/A |
4.01 | Property | Emerson | N/A | N/A | |||||||
4.02 | Property | St Francis | Plant: December 31, 2066; Parking: December 31, 2066 | Plant: Five, 5 Year; Parking: Five, 5 Year | |||||||
4.03 | Property | Delta | N/A | N/A | |||||||
5 | Loan | 10000 Santa Monica Boulevard | N/A | N/A | Soft | In Place | 195,000,000 | 130,000,000 | 63% | 1.47 | 6.2% |
6 | Loan | Global Data Center | N/A | N/A | Hard | In Place | 12,000,000 | N/A | N/A | N/A | N/A |
7 | Loan | Waramaug Florida Hotel Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
7.01 | Property | Residence Inn – Port St. Lucie | N/A | N/A | |||||||
7.02 | Property | Springhill Suites – Tallahassee Central | N/A | N/A | |||||||
8 | Loan | The Chantilly Office Portfolio | N/A | N/A | Hard | Springing | 22,350,000 | N/A | N/A | N/A | N/A |
8.01 | Property | Stoneleigh I | N/A | N/A | |||||||
8.02 | Property | Stoneleigh II | N/A | N/A | |||||||
8.03 | Property | Glenview II | N/A | N/A | |||||||
8.04 | Property | Glenview I | N/A | N/A | |||||||
8.05 | Property | Glenbrook III | N/A | N/A | |||||||
9 | Loan | Fresenius Salt Lake | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
10 | Loan | Centrepointe Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
11 | Loan | Nostrand Place | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A |
12 | Loan | Chelmsford MHC | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
13 | Loan | Eagle Point Village Apartments | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
14 | Loan | The Black Building | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
15 | Loan | 10-12 Celina Avenue | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
16 | Loan | SpringHill Suites Corona Riverside | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | Various | Various | Springing | Springing | 20,500,000 | N/A | N/A | N/A | N/A |
17.01 | Property | Smoke Tree Commons | 7/31/2071; 12/31/2053 | No; 3 5-year options and 1 31-month option | |||||||
17.02 | Property | Smoke Tree Village | 2/1/2054 | 1, 15-year option | |||||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | N/A | N/A | Hard | Springing | 113,600,000 | N/A | N/A | N/A | N/A |
18.01 | Property | Wood Village Town Center | N/A | N/A | |||||||
18.02 | Property | Pecan Promenade | N/A | N/A | |||||||
18.03 | Property | Valley Plaza | N/A | N/A | |||||||
18.04 | Property | Pear Tree | N/A | N/A | |||||||
18.05 | Property | Glendale Market Square | N/A | N/A | |||||||
18.06 | Property | Central Park Shopping Center | N/A | N/A | |||||||
18.07 | Property | Val Vista Towne Center | N/A | N/A | |||||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | N/A | N/A | |||||||
18.09 | Property | 606 W Troy - Indianapolis, IN | N/A | N/A | |||||||
18.10 | Property | Homeland - Bartow, FL | N/A | N/A | |||||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | N/A | N/A | |||||||
19 | Loan | Courtyard by Marriott Mt. Juliet | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
20 | Loan | Hudson River Hotel | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A |
21 | Loan | Hampton Inn & Suites Mt. Juliet | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
22 | Loan | Gateway Tower | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
23 | Loan | Gatlin Retail Portfolio | N/A | N/A | Hard | Springing | 10,000,000 | N/A | N/A | N/A | N/A |
23.01 | Property | The Forum at Gateways | N/A | N/A | |||||||
23.02 | Property | Wilson Square Shopping Center | N/A | N/A | |||||||
24 | Loan | Ambler Yards | 6/12/2114 | N/A | Soft | Springing | 10,000,000 | N/A | N/A | N/A | N/A |
25 | Loan | Blackmore Marketplace | N/A | N/A | Springing | Springing | 10,000,000 | N/A | N/A | N/A | N/A |
26 | Loan | Maui Portfolio | N/A | N/A | Hard | Springing | 16,000,000 | N/A | N/A | N/A | N/A |
26.01 | Property | Maui Beach Hotel | N/A | N/A | |||||||
26.02 | Property | Maui Nui Golf Course | N/A | N/A | |||||||
27 | Loan | Motus Headquarters | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
28 | Loan | Comfort Inn & Suites - Seattle | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A |
29 | Loan | Landing at Fancher Creek | N/A | N/A | Soft | Springing | 20,000,000 | N/A | N/A | N/A | N/A |
30 | Loan | The Bijou Building | N/A | N/A | Soft | Springing | N/A | N/A | N/A | N/A | N/A |
31 | Loan | Howell Industrial Portfolio | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A |
31.01 | Property | Hatch Stamping | N/A | N/A | |||||||
31.02 | Property | TK Holdings | N/A | N/A | |||||||
32 | Loan | Pikeville Commons | N/A | N/A | Soft | Springing | N/A | N/A | N/A | N/A | N/A |
33 | Loan | Courtyard by Marriott Secaucus | 6/28/2037 | 4, 10 year; 5th expiring March 31, 2085 | Springing | Springing | 5,000,000 | N/A | N/A | N/A | N/A |
34 | Loan | Meidinger Tower | N/A | N/A | Hard | Springing | 19,000,000 | N/A | N/A | N/A | N/A |
35 | Loan | The Cliffs at Waterford | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
36 | Loan | Staybridge Suites Benton Harbor | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
37 | Loan | Home2 Suites Cartersville | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
A-1-21
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Ground Lease Initial Expiration Date(7) | Ground Lease Extension Options(7) | Lockbox | Cash Management | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield |
38 | Loan | Corporate Place | N/A | N/A | None | None | N/A | N/A | N/A | N/A | N/A |
39 | Loan | New Hampshire Self Storage Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
39.01 | Property | Seacoast Self Storage | N/A | N/A | |||||||
39.02 | Property | Derry Self Storage | N/A | N/A | |||||||
40 | Loan | Springhill Suites Auburn Hills | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
41 | Loan | San Antonio Hotel Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
41.01 | Property | La Quinta San Antonio | N/A | N/A | |||||||
41.02 | Property | Best Western Elmendorf | N/A | N/A | |||||||
42 | Loan | Best Western El Grande Inn | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
43 | Loan | MainStay Suites Grantville Hershey | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
45 | Loan | Indian Lake West Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
46 | Loan | El Segundo Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
47 | Loan | Hampton Inn Belton | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
48 | Loan | 87 East 4th Street | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
49 | Loan | Norman’s Crossing | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
50 | Loan | Windsor Park Apartments | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
51 | Loan | Walgreens Douglasville | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
52 | Loan | Northern Hills Shopping Center | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
53 | Loan | Webb’s Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
54 | Loan | Walgreens Tupelo | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
55 | Loan | Best Western Plus - Newport News | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
56 | Loan | Nut Tree 1670 | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
57 | Loan | Parkway Village West | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
58 | Loan | Walgreens Lexington | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
59 | Loan | Military Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
60 | Loan | Ashgrove Apartments | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
61 | Loan | Eagle Springs Professional Center | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
62 | Loan | Safe and Sound Storage | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
63 | Loan | Twin Oaks Apartments | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
64 | Loan | Cavalier Manor Apartments | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
65 | Loan | Ludington Retail Center | N/A | N/A | Soft | Springing | N/A | N/A | N/A | N/A | N/A |
66 | Loan | Dollar General Fayette | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
67 | Loan | FedEx Muncie | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A |
68 | Loan | Dollar General Centralia | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
69 | Loan | Dollar General Hubbard Lake | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
70 | Loan | Dollar General Trenton | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A |
A-1-22
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Cut-off Date Mezzanine Debt Balance(16) | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | Future Secured Subordinate Debt (Y/N) | Conditions for Future Secured Subordinate Debt | Lender Consent Required for Future Secured Subordinate Debt (Y/N) | Future Mezzanine Debt Permitted (Y/N)(16) | Conditions for Future Mezzanine Debt(16) | Lender Consent Required for Future Mezzanine Debt (Y/N)(16) |
1 | Loan | Grand Canal Shoppes | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
2 | Loan | Phoenix Industrial Portfolio II | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
2.01 | Property | Flint | ||||||||||
2.02 | Property | Beloit | ||||||||||
2.03 | Property | Jefferson | ||||||||||
2.04 | Property | DuBois | ||||||||||
2.05 | Property | Huntsville | ||||||||||
3 | Loan | 600 & 620 National Avenue | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
4 | Loan | Phoenix Industrial Portfolio I | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
4.01 | Property | Emerson | ||||||||||
4.02 | Property | St Francis | ||||||||||
4.03 | Property | Delta | ||||||||||
5 | Loan | 10000 Santa Monica Boulevard | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
6 | Loan | Global Data Center | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
7 | Loan | Waramaug Florida Hotel Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
7.01 | Property | Residence Inn – Port St. Lucie | ||||||||||
7.02 | Property | Springhill Suites – Tallahassee Central | ||||||||||
8 | Loan | The Chantilly Office Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
8.01 | Property | Stoneleigh I | ||||||||||
8.02 | Property | Stoneleigh II | ||||||||||
8.03 | Property | Glenview II | ||||||||||
8.04 | Property | Glenview I | ||||||||||
8.05 | Property | Glenbrook III | ||||||||||
9 | Loan | Fresenius Salt Lake | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
10 | Loan | Centrepointe Plaza | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
11 | Loan | Nostrand Place | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
12 | Loan | Chelmsford MHC | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (a) the combined loan-to-value ratio is not greater than the lesser of 70.0% and the related loan-to-value ratio at origination (b) the combined debt service coverage ratio must be at least equal to the greater of 1.25x and the related debt service coverage ratio at origination (c) Intercreditor Agreement is required | Yes |
13 | Loan | Eagle Point Village Apartments | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
14 | Loan | The Black Building | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
15 | Loan | 10-12 Celina Avenue | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
16 | Loan | SpringHill Suites Corona Riverside | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
17.01 | Property | Smoke Tree Commons | ||||||||||
17.02 | Property | Smoke Tree Village | ||||||||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
18.01 | Property | Wood Village Town Center | ||||||||||
18.02 | Property | Pecan Promenade | ||||||||||
18.03 | Property | Valley Plaza | ||||||||||
18.04 | Property | Pear Tree | ||||||||||
18.05 | Property | Glendale Market Square | ||||||||||
18.06 | Property | Central Park Shopping Center | ||||||||||
18.07 | Property | Val Vista Towne Center | ||||||||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | ||||||||||
18.09 | Property | 606 W Troy - Indianapolis, IN | ||||||||||
18.10 | Property | Homeland - Bartow, FL | ||||||||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | ||||||||||
19 | Loan | Courtyard by Marriott Mt. Juliet | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
20 | Loan | Hudson River Hotel | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
21 | Loan | Hampton Inn & Suites Mt. Juliet | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
22 | Loan | Gateway Tower | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
23 | Loan | Gatlin Retail Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | Borrower has the right to encumber the Property with up to $2.0 million in mezzanine debt with a rate of up to 12.0% upon (i) DSCR (Combined) greater than or equal to 1.25x, (ii) LTV (Combined) no greater than 80.7%, (iii) Each of the Tenants commonly known as “LA Fitness”, “Walmart” at Individual Property (Florida) and “Walmart” at Individual Property (Michigan), satisfy all of the Operating Conditions, (iv) Debt Yield (Combined) greater than or equal to 7.7% | Yes |
23.01 | Property | The Forum at Gateways | ||||||||||
23.02 | Property | Wilson Square Shopping Center | ||||||||||
24 | Loan | Ambler Yards | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
25 | Loan | Blackmore Marketplace | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
26 | Loan | Maui Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
26.01 | Property | Maui Beach Hotel | ||||||||||
26.02 | Property | Maui Nui Golf Course | ||||||||||
27 | Loan | Motus Headquarters | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
28 | Loan | Comfort Inn & Suites - Seattle | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
29 | Loan | Landing at Fancher Creek | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
30 | Loan | The Bijou Building | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
31 | Loan | Howell Industrial Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
31.01 | Property | Hatch Stamping | ||||||||||
31.02 | Property | TK Holdings | ||||||||||
32 | Loan | Pikeville Commons | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
33 | Loan | Courtyard by Marriott Secaucus | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
34 | Loan | Meidinger Tower | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
35 | Loan | The Cliffs at Waterford | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
36 | Loan | Staybridge Suites Benton Harbor | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
37 | Loan | Home2 Suites Cartersville | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
A-1-23
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Cut-off Date Mezzanine Debt Balance(16) | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | Future Secured Subordinate Debt (Y/N) | Conditions for Future Secured Subordinate Debt | Lender Consent Required for Future Secured Subordinate Debt (Y/N) | Future Mezzanine Debt Permitted (Y/N)(16) | Conditions for Future Mezzanine Debt(16) | Lender Consent Required for Future Mezzanine Debt (Y/N)(16) |
38 | Loan | Corporate Place | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
39 | Loan | New Hampshire Self Storage Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | Approved mezzanine loan subject to following conditions: (i) the execution of an Intercreditor Agreement in form and substance reasonably acceptable to Lender; (ii) the combined Loan-To-Value Ratio will not be greater than 57.2%; (iii) the combined Debt Service Coverage Ratio based on trailing twelve month period will not be less than 1.95x; (iv) Rating Agency confirmation | Yes |
39.01 | Property | Seacoast Self Storage | ||||||||||
39.02 | Property | Derry Self Storage | ||||||||||
40 | Loan | Springhill Suites Auburn Hills | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
41 | Loan | San Antonio Hotel Portfolio | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
41.01 | Property | La Quinta San Antonio | ||||||||||
41.02 | Property | Best Western Elmendorf | ||||||||||
42 | Loan | Best Western El Grande Inn | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
43 | Loan | MainStay Suites Grantville Hershey | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
45 | Loan | Indian Lake West Plaza | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
46 | Loan | El Segundo Plaza | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
47 | Loan | Hampton Inn Belton | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
48 | Loan | 87 East 4th Street | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
49 | Loan | Norman’s Crossing | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
50 | Loan | Windsor Park Apartments | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
51 | Loan | Walgreens Douglasville | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
52 | Loan | Northern Hills Shopping Center | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
53 | Loan | Webb’s Plaza | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
54 | Loan | Walgreens Tupelo | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
55 | Loan | Best Western Plus - Newport News | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
56 | Loan | Nut Tree 1670 | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
57 | Loan | Parkway Village West | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
58 | Loan | Walgreens Lexington | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
59 | Loan | Military Plaza | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
60 | Loan | Ashgrove Apartments | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | Approved mezzanine loan subject to following conditions: (i) the execution of an Intercreditor Agreement in form and substance reasonably acceptable to Lender; (ii) the combined Loan-To-Value Ratio will not be greater than 69.0%; (iii) the combined Debt Service Coverage Ratio will not be less than 1.30x; (iv) Rating Agency confirmation | Yes |
61 | Loan | Eagle Springs Professional Center | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
62 | Loan | Safe and Sound Storage | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
63 | Loan | Twin Oaks Apartments | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
64 | Loan | Cavalier Manor Apartments | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
65 | Loan | Ludington Retail Center | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
66 | Loan | Dollar General Fayette | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
67 | Loan | FedEx Muncie | N/A | N/A | N/A | N/A | No | N/A | N/A | No | N/A | N/A |
68 | Loan | Dollar General Centralia | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
69 | Loan | Dollar General Hubbard Lake | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
70 | Loan | Dollar General Trenton | N/A | N/A | N/A | N/A | No | N/A | N/A | Yes | (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement | Yes |
A-1-24
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Future Unsecured Debt Permitted (Y/N) | Conditions for Future Unsecured Debt | Lender Consent Required for Future Unsecured Debt (Y/N) | Sponsor(19) |
1 | Loan | Grand Canal Shoppes | No | N/A | N/A | Brookfield Properties REIT Inc.; Nuveen Real Estate |
2 | Loan | Phoenix Industrial Portfolio II | No | N/A | N/A | Phoenix Investors |
2.01 | Property | Flint | ||||
2.02 | Property | Beloit | ||||
2.03 | Property | Jefferson | ||||
2.04 | Property | DuBois | ||||
2.05 | Property | Huntsville | ||||
3 | Loan | 600 & 620 National Avenue | No | N/A | N/A | Farshid Steve Shokouhi; Brett Michael Lipman |
4 | Loan | Phoenix Industrial Portfolio I | No | N/A | N/A | Phoenix Investors |
4.01 | Property | Emerson | ||||
4.02 | Property | St Francis | ||||
4.03 | Property | Delta | ||||
5 | Loan | 10000 Santa Monica Boulevard | No | N/A | N/A | Sonny Kahn, not personally or individually (except as set forth in the guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in the guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009; Bruce A. Menin, not personally or individually (except as set forth in the guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009 |
6 | Loan | Global Data Center | No | N/A | N/A | GI Manager LLC |
7 | Loan | Waramaug Florida Hotel Portfolio | No | N/A | N/A | Leslie Ng; Paul A. Nussbaum |
7.01 | Property | Residence Inn – Port St. Lucie | ||||
7.02 | Property | Springhill Suites – Tallahassee Central | ||||
8 | Loan | The Chantilly Office Portfolio | No | N/A | N/A | RMR Office Property Fund LP |
8.01 | Property | Stoneleigh I | ||||
8.02 | Property | Stoneleigh II | ||||
8.03 | Property | Glenview II | ||||
8.04 | Property | Glenview I | ||||
8.05 | Property | Glenbrook III | ||||
9 | Loan | Fresenius Salt Lake | No | N/A | N/A | Donald Morris; Ruth Indahyung; Sanjiv Anand; Arasu Gopinath; Sey Lau; Jeff Barklow; David Tien; Kevin Jansen; Landon Dickson |
10 | Loan | Centrepointe Plaza | No | N/A | N/A | Ming Yang Lee |
11 | Loan | Nostrand Place | No | N/A | N/A | Christopher Wild; Elliot Sasson |
12 | Loan | Chelmsford MHC | No | N/A | N/A | Ross H. Partrich |
13 | Loan | Eagle Point Village Apartments | No | N/A | N/A | Roy E. Carroll II |
14 | Loan | The Black Building | No | N/A | N/A | Perry Williams |
15 | Loan | 10-12 Celina Avenue | No | N/A | N/A | Global Gate Capital Partners Limited |
16 | Loan | SpringHill Suites Corona Riverside | No | N/A | N/A | Seon Hee Suh |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | No | N/A | N/A | E. Stanley Kroenke |
17.01 | Property | Smoke Tree Commons | ||||
17.02 | Property | Smoke Tree Village | ||||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | No | N/A | N/A | Trevor Smith; Joshua Volen; CIRE OpCo I, LLC |
18.01 | Property | Wood Village Town Center | ||||
18.02 | Property | Pecan Promenade | ||||
18.03 | Property | Valley Plaza | ||||
18.04 | Property | Pear Tree | ||||
18.05 | Property | Glendale Market Square | ||||
18.06 | Property | Central Park Shopping Center | ||||
18.07 | Property | Val Vista Towne Center | ||||
18.08 | Property | 2641 Hall Ave - Riverside, CA | ||||
18.09 | Property | 606 W Troy - Indianapolis, IN | ||||
18.10 | Property | Homeland - Bartow, FL | ||||
18.11 | Property | 2621 Hall Ave - Riverside, CA | ||||
19 | Loan | Courtyard by Marriott Mt. Juliet | No | N/A | N/A | Bhavin L. Ghodasara; Laxmikant P. Ghodasara |
20 | Loan | Hudson River Hotel | No | N/A | N/A | Ae Sook Choi; Jin Sup An |
21 | Loan | Hampton Inn & Suites Mt. Juliet | No | N/A | N/A | Bhavin L. Ghodasara; Laxmikant P. Ghodasara |
22 | Loan | Gateway Tower | No | N/A | N/A | Matthew G. Lefkowitz; Alexandra R. Lefkowitz |
23 | Loan | Gatlin Retail Portfolio | No | N/A | N/A | Franklin Gatlin III; Franklin C. Gatlin, III, As Trustee of the Franklin C. Gatlin, III Trust, A Revocable inter vivos trust dated December 16, 2003 |
23.01 | Property | The Forum at Gateways | ||||
23.02 | Property | Wilson Square Shopping Center | ||||
24 | Loan | Ambler Yards | No | N/A | N/A | Matthew P. Sigel; Marcus A. Policarpo |
25 | Loan | Blackmore Marketplace | No | N/A | N/A | E. Stanley Kroenke |
26 | Loan | Maui Portfolio | No | N/A | N/A | Benjamin G. Rafter |
26.01 | Property | Maui Beach Hotel | ||||
26.02 | Property | Maui Nui Golf Course | ||||
27 | Loan | Motus Headquarters | No | N/A | N/A | LCN North American Fund II REIT |
28 | Loan | Comfort Inn & Suites - Seattle | No | N/A | N/A | Binchi Zhang; Wei Lang; Xiaoqiang Xu |
29 | Loan | Landing at Fancher Creek | No | N/A | N/A | Patrick De La Torre |
30 | Loan | The Bijou Building | No | N/A | N/A | Sepehr Dardashti |
31 | Loan | Howell Industrial Portfolio | No | N/A | N/A | Markus M. Ernst |
31.01 | Property | Hatch Stamping | ||||
31.02 | Property | TK Holdings | ||||
32 | Loan | Pikeville Commons | No | N/A | N/A | Realtylink USA, LLC, Philip J. Wilson, John C. Jamison, W. Neil Wilson |
33 | Loan | Courtyard by Marriott Secaucus | No | N/A | N/A | Leslie Ng; Paul A. Nussbaum |
34 | Loan | Meidinger Tower | No | N/A | N/A | Charles Stein; Dennis Udwin |
35 | Loan | The Cliffs at Waterford | No | N/A | N/A | Martin B. Geller; Eric P. Richelson |
36 | Loan | Staybridge Suites Benton Harbor | No | N/A | N/A | Saher Sandiha |
37 | Loan | Home2 Suites Cartersville | No | N/A | N/A | Xama U. Bhatt; Dipak Patel |
A-1-25
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Future Unsecured Debt Permitted (Y/N) | Conditions for Future Unsecured Debt | Lender Consent Required for Future Unsecured Debt (Y/N) | Sponsor(19) |
38 | Loan | Corporate Place | No | N/A | N/A | Michael C. Jaeger; Robert A. McHugh, III |
39 | Loan | New Hampshire Self Storage Portfolio | No | N/A | N/A | Robert Moser |
39.01 | Property | Seacoast Self Storage | ||||
39.02 | Property | Derry Self Storage | ||||
40 | Loan | Springhill Suites Auburn Hills | No | N/A | N/A | James Mann; John Mann |
41 | Loan | San Antonio Hotel Portfolio | No | N/A | N/A | Ashwin Gajera |
41.01 | Property | La Quinta San Antonio | ||||
41.02 | Property | Best Western Elmendorf | ||||
42 | Loan | Best Western El Grande Inn | No | N/A | N/A | Dilipkumar G. Patel; Bhavnaben D. Patel |
43 | Loan | MainStay Suites Grantville Hershey | No | N/A | N/A | Krupal Desai |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | No | N/A | N/A | Pravin Kotadia |
45 | Loan | Indian Lake West Plaza | No | N/A | N/A | J. Scott Lucas |
46 | Loan | El Segundo Plaza | No | N/A | N/A | Eddie Leisner; Steven Leisner |
47 | Loan | Hampton Inn Belton | No | N/A | N/A | Larry-Bharat Patel |
48 | Loan | 87 East 4th Street | No | N/A | N/A | Abe Cohen, Joseph Wahba, Robert Wahba |
49 | Loan | Norman’s Crossing | No | N/A | N/A | John L. Varner |
50 | Loan | Windsor Park Apartments | No | N/A | N/A | Kenneth Heron II |
51 | Loan | Walgreens Douglasville | No | N/A | N/A | Ladder Capital CRE Equity LLC |
52 | Loan | Northern Hills Shopping Center | No | N/A | N/A | Vinu Krishnamurthy; Ravi Jagtiani |
53 | Loan | Webb’s Plaza | No | N/A | N/A | Min Tjia |
54 | Loan | Walgreens Tupelo | No | N/A | N/A | Ladder Capital CRE Equity LLC |
55 | Loan | Best Western Plus - Newport News | No | N/A | N/A | Karan Shah; Dhrumit Shah |
56 | Loan | Nut Tree 1670 | No | N/A | N/A | Ricardo Capretta; Lisa Capretta; The Capretta Family Revocable Trust |
57 | Loan | Parkway Village West | No | N/A | N/A | Rajender Dudani |
58 | Loan | Walgreens Lexington | No | N/A | N/A | Ladder Capital CRE Equity LLC |
59 | Loan | Military Plaza | No | N/A | N/A | William A. Morris |
60 | Loan | Ashgrove Apartments | No | N/A | N/A | Steve Firestone |
61 | Loan | Eagle Springs Professional Center | No | N/A | N/A | Nathan T. Newman |
62 | Loan | Safe and Sound Storage | No | N/A | N/A | Carroll Lee Wood, IV; Julius J. Stagg, IV.; Timothy G. Metcalf |
63 | Loan | Twin Oaks Apartments | No | N/A | N/A | Tyler J. Woods |
64 | Loan | Cavalier Manor Apartments | No | N/A | N/A | Manojkumar M. Manwani; Sachin J. Shah |
65 | Loan | Ludington Retail Center | No | N/A | N/A | Charles J. Laurencelle; Morris Chabbott |
66 | Loan | Dollar General Fayette | No | N/A | N/A | Ladder Capital CRE Equity LLC |
67 | Loan | FedEx Muncie | No | N/A | N/A | Joseph Sarot; Fred P. Schwartz; Michael E. Tsorotzkin |
68 | Loan | Dollar General Centralia | No | N/A | N/A | Ladder Capital CRE Equity LLC |
69 | Loan | Dollar General Hubbard Lake | No | N/A | N/A | Ladder Capital CRE Equity LLC |
70 | Loan | Dollar General Trenton | No | N/A | N/A | Ladder Capital CRE Equity LLC |
A-1-26
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Guarantor(19) | Affiliated Sponsors |
1 | Loan | Grand Canal Shoppes | BPR Nimbus LLC | No |
2 | Loan | Phoenix Industrial Portfolio II | Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 | Group 1 |
2.01 | Property | Flint | ||
2.02 | Property | Beloit | ||
2.03 | Property | Jefferson | ||
2.04 | Property | DuBois | ||
2.05 | Property | Huntsville | ||
3 | Loan | 600 & 620 National Avenue | Farshid Steve Shokouhi; Brett Michael Lipman | No |
4 | Loan | Phoenix Industrial Portfolio I | Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 | Group 1 |
4.01 | Property | Emerson | ||
4.02 | Property | St Francis | ||
4.03 | Property | Delta | ||
5 | Loan | 10000 Santa Monica Boulevard | Sonny Kahn, not personally or individually (except as set forth in the guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in the guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009; Bruce A. Menin, not personally or individually (except as set forth in the guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009 | No |
6 | Loan | Global Data Center | GI Manager L.P.; GI Tare LP | No |
7 | Loan | Waramaug Florida Hotel Portfolio | Leslie Ng; Paul A. Nussbaum | Group 2 |
7.01 | Property | Residence Inn – Port St. Lucie | ||
7.02 | Property | Springhill Suites – Tallahassee Central | ||
8 | Loan | The Chantilly Office Portfolio | RMR Office Property Fund LP | No |
8.01 | Property | Stoneleigh I | ||
8.02 | Property | Stoneleigh II | ||
8.03 | Property | Glenview II | ||
8.04 | Property | Glenview I | ||
8.05 | Property | Glenbrook III | ||
9 | Loan | Fresenius Salt Lake | Donald Morris; Ruth Indahyung; Sanjiv Anand; Arasu Gopinath; Sey Lau; Jeff Barklow; David Tien; Kevin Jansen; Landon Dickson | No |
10 | Loan | Centrepointe Plaza | Ming Yang Lee | No |
11 | Loan | Nostrand Place | Christopher Wild; Elliot Sasson | No |
12 | Loan | Chelmsford MHC | Ross H. Partrich | No |
13 | Loan | Eagle Point Village Apartments | Roy E. Carroll II | No |
14 | Loan | The Black Building | Perry Williams | No |
15 | Loan | 10-12 Celina Avenue | Global Gate Capital Partners Limited | No |
16 | Loan | SpringHill Suites Corona Riverside | Seon Hee Suh | No |
17 | Loan | Smoke Tree Village and Smoke Tree Commons | E. Stanley Kroenke | Group 4 |
17.01 | Property | Smoke Tree Commons | ||
17.02 | Property | Smoke Tree Village | ||
18 | Loan | CIRE Equity Retail & Industrial Portfolio | Trevor Smith; Joshua Volen; CIRE OpCo I, LLC | No |
18.01 | Property | Wood Village Town Center | ||
18.02 | Property | Pecan Promenade | ||
18.03 | Property | Valley Plaza | ||
18.04 | Property | Pear Tree | ||
18.05 | Property | Glendale Market Square | ||
18.06 | Property | Central Park Shopping Center | ||
18.07 | Property | Val Vista Towne Center | ||
18.08 | Property | 2641 Hall Ave - Riverside, CA | ||
18.09 | Property | 606 W Troy - Indianapolis, IN | ||
18.10 | Property | Homeland - Bartow, FL | ||
18.11 | Property | 2621 Hall Ave - Riverside, CA | ||
19 | Loan | Courtyard by Marriott Mt. Juliet | Bhavin L. Ghodasara; Laxmikant P. Ghodasara | Group 3 |
20 | Loan | Hudson River Hotel | Ae Sook Choi; Jin Sup An | No |
21 | Loan | Hampton Inn & Suites Mt. Juliet | Bhavin L. Ghodasara; Laxmikant P. Ghodasara | Group 3 |
22 | Loan | Gateway Tower | Matthew G. Lefkowitz; Alexandra R. Lefkowitz | No |
23 | Loan | Gatlin Retail Portfolio | Franklin Gatlin III; Franklin C. Gatlin, III, As Trustee of the Franklin C. Gatlin, III Trust, A Revocable inter vivos trust dated December 16, 2003 | No |
23.01 | Property | The Forum at Gateways | ||
23.02 | Property | Wilson Square Shopping Center | ||
24 | Loan | Ambler Yards | Matthew P. Sigel; Marcus A. Policarpo | No |
25 | Loan | Blackmore Marketplace | E. Stanley Kroenke | Group 4 |
26 | Loan | Maui Portfolio | Benjamin G. Rafter | No |
26.01 | Property | Maui Beach Hotel | ||
26.02 | Property | Maui Nui Golf Course | ||
27 | Loan | Motus Headquarters | LCN North American Fund II REIT | No |
28 | Loan | Comfort Inn & Suites - Seattle | Binchi Zhang; Wei Lang; Xiaoqiang Xu | No |
29 | Loan | Landing at Fancher Creek | Patrick De La Torre | No |
30 | Loan | The Bijou Building | Sepehr Dardashti | No |
31 | Loan | Howell Industrial Portfolio | Markus M. Ernst | No |
31.01 | Property | Hatch Stamping | ||
31.02 | Property | TK Holdings | ||
32 | Loan | Pikeville Commons | Realtylink USA, LLC, Philip J. Wilson, John C. Jamison, W. Neil Wilson | No |
33 | Loan | Courtyard by Marriott Secaucus | Leslie Ng; Paul A. Nussbaum | Group 2 |
34 | Loan | Meidinger Tower | Charles Stein; Dennis Udwin | No |
35 | Loan | The Cliffs at Waterford | Martin B. Geller; Eric P. Richelson | No |
36 | Loan | Staybridge Suites Benton Harbor | Saher Sandiha | No |
37 | Loan | Home2 Suites Cartersville | Xama U. Bhatt; Dipak Patel | No |
A-1-27
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Mortgage Loan Number | Property Flag | Property Name | Guarantor(19) | Affiliated Sponsors |
38 | Loan | Corporate Place | Michael C. Jaeger; Robert A. McHugh, III | No |
39 | Loan | New Hampshire Self Storage Portfolio | Robert Moser | No |
39.01 | Property | Seacoast Self Storage | ||
39.02 | Property | Derry Self Storage | ||
40 | Loan | Springhill Suites Auburn Hills | James Mann; John Mann | No |
41 | Loan | San Antonio Hotel Portfolio | Ashwin Gajera | No |
41.01 | Property | La Quinta San Antonio | ||
41.02 | Property | Best Western Elmendorf | ||
42 | Loan | Best Western El Grande Inn | Dilipkumar G. Patel; Bhavnaben D. Patel | No |
43 | Loan | MainStay Suites Grantville Hershey | Krupal Desai | No |
44 | Loan | Fairfield Inn & Suites Holiday Tarpon Springs | Pravin Kotadia | No |
45 | Loan | Indian Lake West Plaza | J. Scott Lucas | No |
46 | Loan | El Segundo Plaza | Eddie Leisner; Steven Leisner | No |
47 | Loan | Hampton Inn Belton | Larry-Bharat Patel | No |
48 | Loan | 87 East 4th Street | Abe Cohen, Joseph Wahba, Robert Wahba | No |
49 | Loan | Norman’s Crossing | John L. Varner | No |
50 | Loan | Windsor Park Apartments | Kenneth Heron II | No |
51 | Loan | Walgreens Douglasville | Ladder Capital CRE Equity LLC | Group 5 |
52 | Loan | Northern Hills Shopping Center | Vinu Krishnamurthy; Ravi Jagtiani | No |
53 | Loan | Webb’s Plaza | Min Tjia | No |
54 | Loan | Walgreens Tupelo | Ladder Capital CRE Equity LLC | Group 5 |
55 | Loan | Best Western Plus - Newport News | Karan Shah; Dhrumit Shah | No |
56 | Loan | Nut Tree 1670 | Ricardo Capretta; Lisa Capretta; The Capretta Family Revocable Trust | No |
57 | Loan | Parkway Village West | Rajender Dudani | No |
58 | Loan | Walgreens Lexington | Ladder Capital CRE Equity LLC | Group 5 |
59 | Loan | Military Plaza | William A. Morris | No |
60 | Loan | Ashgrove Apartments | Steve Firestone | No |
61 | Loan | Eagle Springs Professional Center | Nathan T. Newman | No |
62 | Loan | Safe and Sound Storage | Carroll Lee Wood, IV; Julius J. Stagg, IV.; Timothy G. Metcalf | No |
63 | Loan | Twin Oaks Apartments | Tyler J. Woods | No |
64 | Loan | Cavalier Manor Apartments | Manojkumar M. Manwani; Sachin J. Shah | No |
65 | Loan | Ludington Retail Center | Charles J. Laurencelle; Morris Chabbott | No |
66 | Loan | Dollar General Fayette | Ladder Capital CRE Equity LLC | Group 5 |
67 | Loan | FedEx Muncie | Joseph Sarot; Fred P. Schwartz; Michael E. Tsorotzkin | No |
68 | Loan | Dollar General Centralia | Ladder Capital CRE Equity LLC | Group 5 |
69 | Loan | Dollar General Hubbard Lake | Ladder Capital CRE Equity LLC | Group 5 |
70 | Loan | Dollar General Trenton | Ladder Capital CRE Equity LLC | Group 5 |
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| UBS 2019-C17 |
| Footnotes to Annex A-1 |
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(1) | UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (“UBS AG”), Wells Fargo Bank, National Association (“WFB”), Rialto Mortgage Finance, LLC (“RMF”), Ladder Capital Finance LLC (“LCF”), Rialto Real Estate Fund III – Debt, LP (“RREF”) and CIBC Inc. (“CIBC”). |
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(2) | 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” in the preliminary prospectus for information regarding certain lease termination options affecting the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans. |
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(3) | The Original Balance and Cut-off Date Balance represent only the Mortgage Loan included in the issuing entity. The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Cut-off Date Balance Per Unit/SF are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. For more information regarding the Mortgage Loans secured by the Mortgaged Properties identified under the column heading in this Annex A-1 as Grand Canal Shoppes, Phoenix Industrial Portfolio II, 600 & 620 National Avenue, 10000 Santa Monica Boulevard, Global Data Center, The Chantilly Office Portfolio, Smoke Tree Village and Smoke Tree Commons, CIRE Equity Retail & Industrial Portfolio, Gatlin Retail Portfolio, Ambler Yards, Blackmore Marketplace, Maui Portfolio, Landing at Fancher Creek, Courtyard by Marriott Secaucus and Meidinger Tower, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. |
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(4) | Loan No. 3 – 600 & 620 National Avenue – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan are based on the appraiser’s “Market Value As Stabilized”, which assumes the sole tenant at the Mortgaged Property, Google, has taken possession, free rent has expired, the tenant has commenced paying unabated rent and all outstanding tenant improvements and leasing commissions have been reserved. As of the time of origination, Google has taken possession of its space and is paying rent, and all outstanding tenant improvements and leasing commissions have been reserved. |
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| Loan No. 18 – CIRE Equity Retail & Industrial Portfolio – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan are based on the “As-Portfolio” Appraised Value of $198,100,000 as of May 3, 2019, which reflects an approximate 5.0% premium attributed to the aggregate sum of the “As-Is” Appraised Values, as applicable, for each of the Mortgaged Properties on an individual basis. On a stand-alone basis, the Mortgaged Properties have an aggregate “As-Is” Appraised Value of $188,710,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the aggregate stand-alone “As-Is” Appraised Value of $188,710,000 are 68.1% and 68.1%, respectively. |
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| Loan No. 24 – Ambler Yards – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan includes the “Market Value Assuming Lease-Up Costs for Recently Signed Leases Are Escrowed And Available to Any Potential Purchaser” Appraised Value of $31,730,000, which assumes that escrows were in-place at origination for recently executed leases. The Appraised Value of the Mortgaged Property assuming the “As-Is” Appraised Value is $31,100,000 as of March 12, 2019. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 74.9% and 64.4%, respectively. |
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| Loan No. 25 – Blackmore Marketplace – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan are based on the “As-Complete” Appraised Value of $34,600,000 as of August 1, 2019. The Appraised Value of the Mortgaged Property assuming the “As-Is” Appraised Value is $33,200,000 as of May 1, 2019. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 69.6% and 58.7%, respectively. |
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(5) | Loan No. 1 – Grand Canal Shoppes – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) June 3, 2022. The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of August 1, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 27 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 2 – Phoenix Industrial Portfolio II – The Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 3 – 600 & 620 National Avenue – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 11, 2022. The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 11, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 5 – 10000 Santa Monica Boulevard – The Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 29 payment dates beginning with and including the first payment date of June 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 29 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 6 – Global Data Center – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) September 11, 2022. The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of September 11, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 26 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 23 – Gatlin Retail Portfolio – The Whole Loan can be defeased at any time after the date that is the two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 29 – Landing at Fancher Creek – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 11, 2023. The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 11, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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| Loan No. 33 – Courtyard by Marriott Secaucus – The Whole Loan can be defeased at any time after the date that is the two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer. |
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(6) | Loan Nos. 1, 4, 7, 18, 26, 31 and 39 – Grand Canal Shoppes, Phoenix Industrial Portfolio I, Waramaug Florida Hotel Portfolio, CIRE Equity Retail & Industrial Portfolio, Maui Portfolio, Howell Industrial Portfolio and New Hampshire Self Storage Portfolio – The related borrower may obtain the release of a portion of the related Mortgaged Property, subject to the satisfaction of conditions set forth in the related Mortgage Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus. |
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(7) | Loan No. 4 – Phoenix Industrial Portfolio I – A portion of the St Francis Mortgaged Property is subject to two ground leases. Nova Wildcat Shur-Line LLC, the sole tenant of the 300,230 SF building located at the 4051 South Iowa Avenue premises of such Mortgaged Property subleases the approximately 2.9 acres parking lot ground lease from the borrower for overflow parking. The parking lot ground lease commenced on November 1, 1992 and expires on December 31, 2066, inclusive of all options, with 12.0% increases in 2020, 2023, 2029, 2032, 2038, 2041, 2047, 2050, 2056, 2059 and 2065. Manesis 3 PL LLC, the sole tenant of the 98,757 SF building located at the 4120 South Kansas Avenue premises of such Mortgaged Property, subleases the approximately 6.7-acre parcel ground lease from the borrower and in turn subleases it to Caterpillar Global Mining LLC pursuant to a sublease that is coterminous with the ground lease expiring on December 1, 2066, inclusive of all options. The ground lease provides for 12.0% increases in 2024, 2027, 2033, 2036, 2042, 2045, 2051, 2054, 2060 and 2063. |
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| Loan No. 17 – Smoke Tree Village and Smoke Tree Commons – The Mortgaged Properties are subject to three ground leases with Smoke Tree, Inc., as the ground lessor. The Smoke Tree Village Mortgaged Property is subject to a ground lease dated as of January 7, 2004 that has an expiration of February 1, 2054 with one 15-year renewal option; the current annual rent due under the ground lease is approximately $485,445. The Smoke Tree Commons Mortgaged Property is subject to a ground lease dated as of July 11, 2006 that has an expiration of July 31, 2071 with no renewal option. A former Coco’s premises ground lease at the Smoke Tree Commons Mortgaged Property has an expiration date of December 31, 2053 with three five-year renewal options and one two-year-seven-month renewal option. The current annual ground rent of the Smoke Tree Commons Mortgaged Property and former Coco’s premises is approximately $746,240. |
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| Loan No. 24 – Ambler Yards – The borrower sponsors entered into a 99-year ground lease with BASF in June 2015 where the borrower sponsors’ ground rent for the leasehold estate is approximately $1.4 million to be paid in three equal payments of $468,750 to the ground lessor. The payments were made in three installments that occurred from June 2016 to June 2018. The borrower sponsors will not make any additional ground rent payments throughout the remaining 96-year term of the ground lease. BASF is responsible for remediation work necessary to secure regulatory approval under Pennsylvania law in connection with certain hazardous substances resulting from preexisting environmental conditions. Because BASF is responsible for all remediation work, BASF has retained ownership of the fee estate for the duration of the remediation and conveyed the leasehold estate to the borrower sponsors’ predecessor in interest. BASF is entirely responsible for environmental liability, providing a full environmental indemnity in the ground lease agreement. All costs and expenses associated with the environmental condition will be paid by BASF as a function of the Mortgaged Property’s prior use before the borrower sponsors took possession of the leasehold interest. In order to receive Act 2 release of liability for groundwater, there will be ongoing ground water monitoring. Once all environmental issues are fully resolved, and upon BASF’s receipt of |
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| regulatory approval in confirmation of all environmental cleanup, BASF has the right to cause the borrower sponsors to take title to the fee estate for $1. |
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| Loan No. 33 – Courtyard by Marriott Secaucus – The Mortgaged Property is subject to a ground lease with HMGL LLC, as the ground lessor, dated April 1, 1986 that has an expiration date of June 28, 2037, subject to four extension periods of 10 years each and a fifth extension period expiring March 31, 2085, where (x) the current annual fixed rent due under the ground lease is approximately $366,211, which is subject to an upward increase of 25.0% every five years, with the next increase due in June 2022 and (y) the current percentage rent is 3.125% of gross room revenues at the related Mortgaged Property. |
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(8) | Loan No. 6 – Global Data Center – The sole tenant at the Mortgaged Property, Flexential Corp., is affiliated with the borrower sponsor. |
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| Loan No. 14 – The Black Building – The largest tenant at the Mortgaged Property, Verdure, and the third largest tenant at the Mortgaged Property, P Dub Land Holdings, along with five additional tenants, are borrower sponsor affiliated entities. The above mentioned borrower sponsor affiliated leases are guaranteed by the borrower sponsor and P Dub Land Holdings, which are required to maintain a combined liquidity of $3,000,000 until the Mortgage Loan is paid in full. |
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(9) | Loan No. 2 – Phoenix Industrial Portfolio II – The largest tenant at the Huntsville Mortgaged Property, Boneal Aerospace, Inc., may terminate its lease effective February 29, 2020 with written notice on or before November 30, 2019 and paying an early termination fee of $111,462. The landlord and the third largest tenant at the Huntsville Mortgaged Property, Custom Assembly, Inc, have a mutual right of termination under the related lease with 30 days’ notice with no termination fee. Staples Contract & Commercial at the Beloit Mortgaged Property has exercised its termination option effective April 30, 2020. The 136,600 SF associated with such tenant was underwritten as vacant. |
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| Loan No. 4 – Phoenix Industrial Portfolio I – The largest tenant at the Emerson Mortgaged Property, Vilter Manufacturing LLC, may terminate its lease effective July 31, 2024 with written notice on or before January 31, 2024 with no termination fee. The largest tenant at the St Francis Mortgaged Property, Nova Wildcat Shur-Line LLC, may terminate its lease effective December 31, 2021 with written notice on or before July 4, 2021 and payment of six months’ base rent and any outstanding amounts due under the lease. |
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| Loan No. 8 – The Chantilly Office Portfolio – The third largest tenant at the Stoneleigh II Mortgaged Property, Johnson McLamb CASE Solutions, Inc., has a one-time right to terminate its lease effective January 15, 2021 with nine months’ notice and payment of any unamortized tenant improvements and leasing commissions. The fourth largest tenant at the Glenview II Mortgaged Property, Omniplex World Services, has exercised its termination option effective February 29, 2020. Excluding this space, the Glenview II Mortgaged Property is 81.9% occupied. |
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| Loan No. 22 – Gateway Tower – The largest tenant at the Mortgaged Property, KMOV-TV, Inc., may terminate its lease effective December 2023, with 12-months’ written notice with a termination fee equal to the sum of three months’ basic rent and additional rent payable for October, November and December 2023 plus unamortized tenant improvements, legal fees, commissions and concessions. |
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| Loan No. 34 – Meidinger Tower – The third largest tenant at the Mortgaged Property, Cotiviti Healthcare, has a one-time contraction option in its lease which allows such tenant to reduce the size of its premises by removing the reduction space further detailed in its lease from its premises with 180 days’ notice and payment of any unamortized tenant improvements and leasing commissions with respect to the portion of its premises subject to the reduction right. The fourth largest tenant at the Mortgaged Property, River Road Asset Management, LLC, has the right to terminate its lease at any time with 150 days’ notice and payment of any unamortized tenant improvements and leasing commissions. |
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| Loan No. 38 – Corporate Place – The third largest tenant at the Mortgaged Property, Coram Healthcare, may terminate its lease as of January 31, 2024 upon providing written notice by January 31, 2023. |
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| Loan No. 45 – Indian Lake West Plaza – The fourth largest tenant at the Mortgaged Property, FitRev Gym, approached the borrower on September 11, 2019 to discuss a lease modification to be effective on November 1, 2019, including (i) reduction of occupied space from 8,240 SF to 4,800 SF and of annual rent from $164,800 to $96,000, and (ii) a termination option for such tenant at any time after November 1, 2019 by providing 90 days’ prior written notice. The tenant is surrendering $90,000 of its security deposit, which will be deposited into the TI/LC reserve account. The underwriting assumes the lease modification is in effect. |
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| Loan No. 52 – Northern Hills Shopping Center – The fifth largest tenant at the Mortgaged Property, Mariner Finance, may cancel the lease at any time upon payment of a termination fee equal to six months of base rent plus unamortized commissions and tenant allowance amortized on a straight line basis over the initial five-year lease term. |
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| Loan No. 53 – Webb’s Plaza – The second largest tenant at the Mortgaged Property, Family Dollar, has the right to terminate the lease anytime by providing 180 days’ prior written notice. |
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| Loan No. 59 – Military Plaza – The third largest tenant at the Mortgaged Property, Harbor Freight Tool, has the right to terminate its lease on May 31, 2022, by providing notice at any time prior to November 30, 2021 and reimbursing the landlord for (i) 50.0% of the brokerage commission, and (ii) $75,000 (representing 50.0% of the tenant allowance). |
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| Loan No. 65 – Ludington Retail Center – The second largest tenant at the Mortgaged Property, Harbor Freight Tools, has a one-time right to terminate its lease as of July 31, 2023 with written notice at any time prior to January 31, 2023. If such tenant provides written notice, the lease will terminate effective as of the date that Harbor Freight Tools delivers 50.0% of the brokerage commission and 50.0% of the tenant improvement and leasing commission to the landlord, but no earlier than July 31, 2023. |
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(10) | Loan No. 2 – Phoenix Industrial Portfolio II – The largest tenant at the DuBois Mortgaged Property, DuBois Logistics, LLC, subleases an immaterial amount of space to Ryder Truck Rental, Inc. for $1.00 per year. |
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| Loan No. 6 – Global Data Center – The sole tenant at the Mortgaged Property, Flexential Corp., subleases 20,000 SF of its space on the first and second floor to GlaxoSmithKline at $27.03 PSF in the current year of the term. |
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(11) | Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
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| Loan No. 3 – 600 & 620 National Avenue – The sole tenant at the Mortgaged Property, Google, has executed its lease and is paying full, unabated rent but its build out is not expected to be completed until the third quarter of 2020. A reserve for all outstanding tenant improvements was taken at origination. |
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| Loan No. 8 – The Chantilly Office Portfolio – The second largest tenant at the Glenview I Mortgaged Property, Tetra Tech, Inc., has executed a lease to occupy 20,020 SF with five months of rent abatement, but is not yet occupying its space. The borrower sponsor expects the tenant to take occupancy of the space on September 23, 2019. |
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| Loan No. 9 – Fresenius Salt Lake – The fourth largest tenant at the Mortgaged Property, Utah Vascular Clinic, has a signed lease and is paying rent, but is not yet in occupancy. |
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| Loan No. 11 – Nostrand Place – The largest tenant at the Mortgaged Property, Silver Star, has a signed lease and is in occupancy except with respect to an approximately 3,617 SF expansion space. The tenant under the related lease is currently paying full rent for the portion of the space it currently occupies, but is not yet in possession of, or paying rent with respect to, the expansion space. With respect to the expansion space, the tenant is obligated to commence payment of rent with respect to the related space five months after the date on which the lender obtains certain required building permits for expansion space at the related Mortgaged Property. |
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| Loan No. 24 – Ambler Yards – The fifth largest tenant at the Mortgaged Property, Phenom People, currently occupies 12,639 SF through April 1, 2026 and executed a lease to expand its space by 5,050 SF. The borrower sponsor expects the tenant to take occupancy of the expansion space at the end of September 2019. At origination, the borrower deposited $20,475 and $385,961 into a free rent reserve and TI/LC reserve, respectively, for such tenant. |
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| Loan No. 48 – 87 East 4th Street – The largest tenant at the Mortgaged Property, Sentio – Matthew Kenney, has a signed lease and is paying rent, but is not yet in occupancy. |
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| Loan No. 49 – Norman’s Crossing – The third largest tenant at the Mortgaged Property, Chase Bank, is currently not in occupancy and in the process of building out its space. Chase Bank is expected to open for business in September 2019 with ground rent payments commencing in October 2019. |
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(12) | Loan No. 20 – Hudson River Hotel – The borrower deposited $100,000 at origination into a seasonality reserve. Ongoing seasonality payments from October 2019 to December 2019 of $30,000 are required to be deposited on each payment date until the seasonality reserve cap of $151,000 is reached. Commencing in April 2020 and throughout the term of the Mortgage Loan, on each monthly payment a seasonality deposit of $21,571 is required to be deposited from April to October. In months where there is an expected shortfall, seasonality reserves can be drawn. |
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| Loan No. 28 – Comfort Inn & Suites - Seattle – The borrower deposited $300,000 at origination into a seasonality reserve. Ongoing seasonality payments will be deposited monthly on each payment date occurring during the period between April and September. |
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| Loan No. 36 – Staybridge Suites Benton Harbor – The borrower deposited $85,500 at origination into a seasonality reserve. Commencing in August 2020 and throughout the term of the Mortgage Loan, on each monthly payment date in August and September, the borrower is obligated to deposit the lesser of (x) $42,750 and (y) the amount which would increase the balance of the related seasonality reserve to $85,500. |
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| Loan No. 40 – Springhill Suites Auburn Hills – While no seasonality reserve is currently required with respect to the Mortgage Loan, the lender is entitled in its reasonable judgement to require the establishment of a seasonality reserve and at such time establish the amount and timing of deposits into such reserve. |
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(13) | Loan No. 2 – Phoenix Industrial Portfolio II – The monthly TI/LC reserve is $199,221 on each monthly payment date through and including October 6, 2020 and is $49,805 on each monthly payment date thereafter, subject to a cap of $1,500,000. |
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| Loan No. 10 – Centrepointe Plaza – The borrower is required to make monthly TI/LC deposits of $25,000 until July 6, 2021. |
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| Loan No. 19 – Courtyard by Marriott Mt. Juliet – A FF&E escrow based on 1/12th of 3.0% of the gross revenues of the prior calendar year will be required on all payment dates through and including October 1, 2020, and 1/12th of 4.0% of the gross revenues of the prior calendar year thereafter. |
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| Loan No. 42 – Best Western El Grande Inn – A FF&E escrow based on 1/12th of 3.0% of the gross revenues of the prior calendar year will be required on all payment dates through and including October 1, 2021, and 1/12th of 4.0% of the gross revenues of the prior calendar year thereafter. |
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(14) | Loan No. 2 – Phoenix Industrial Portfolio II – The ESA for the Huntsville Mortgaged Property noted a historical recognized environmental condition due to the location of two ground water monitoring wells on the site. The borrower escrowed $15,000 at origination to fund the estimated cost to remove the two ground water monitoring wells. The ESA for the DuBois Mortgaged Property noted a historical recognized environmental condition due to two 6,000-gallon diesel fuel USTs and one 2,000-gallon gasoline UST being removed in 1988. There are no remaining risks associated with the historical recognized environmental condition that require further action or mitigation. The ESA for the Jefferson Mortgaged Property noted a spill occurred on December 16, 2008, which was resolved on July 21, 2009 resulting in adding it to the state hazardous waste site database. There are no remaining risks associated with the historical recognized environmental condition that require further action or mitigation. |
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| Loan No. 3 – 600 & 620 National Avenue – The Mortgaged Property is included within a Superfund Site that is being actively remediated, and, while mitigation measures have been incorporated into the design and construction of the improvements, Google’s lease provides for tenant remedies, including lease termination, if conditions are determined by governmental order to be hazardous to human health. |
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| Loan No. 11 – Nostrand Place – The ESA for the Mortgaged Property identified three historical dry cleaners that appear to have been located at an adjacent property. Additionally, the soil and groundwater at the Mortgaged Property have been identified to contain PCE and TCE. Approximately 150.0% of the estimated cost to remediate was reserved at the origination for the purpose of remediation. |
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| Loan No. 15 – 10-12 Celina Avenue – A Phase II investigation comprised of soil sampling was recommended after a Phase I ESA identified significant staining, including stained soil and asphalt, on the truck lot on the northern portion of the Mortgaged Property. The United States Postal Service had been conducting vehicle fueling operations in this area using a box truck with fuel tanks, which had resulted in chronic releases of fuel to the ground surface. As part of the Phase II investigation, the environmental engineer analyzed a composite sample from four soil borings for total petroleum hydrocarbons, volatile organic compounds, semi-volatile organic compounds, polychlorinated biphenyls, and metals. No contaminants of concern were identified above applicable New Hampshire regulatory standards; however, the environmental engineer advised that because a composite sample was analyzed, the results were biased low, and analysis of the individual samples would have likely yielded higher results. The environmental engineer estimated that the unpaved stained area was 375 SF in size and observed soil impacts at depths of 2 to 4 feet below ground surface in its soil borings. The environmental engineer recommended cessation of onsite vehicle fueling operations and excavation and offsite disposal of impacted soil. On July 12, 2019, approximately 85.74 tons of visually impacted soil was excavated from the Mortgaged Property. None of the five confirmatory samples that were collected from the area after the excavation was completed contained any of the above-mentioned contaminants above laboratory detection limits, indicating that the impacted soils were removed from the Mortgaged Property. The excavated area was backfilled with certified clean fill material. Based on the removal of the impacted soils and the results of the confirmatory sampling, the environmental engineer concluded that the previous stained soils represented a historical recognized environmental condition only, and no further investigation was recommended. |
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(15) | Loan No. 4 – Phoenix Industrial Portfolio I – The ESA for each of the Emerson and St Francis Mortgaged Properties noted recognized environmental conditions related to soil contamination at respectively, such Mortgaged Property. At origination, the borrower sponsor provided an environmental insurance policy issued by Beazley Eclipse for a 10-year policy term with combined coverage of $3,000,000 and a deductible of $250,000 naming the lender as an additional insured party. |
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| Loan No. 12 – Chelmsford MHC – There was a release of approximately 150 gallons of heating / kerosene oil at one of the pad sites in March 2019 due to small holes in the bottom of the pad site’s above-ground storage tank. The release was reported to the Town of Chelmsford as required and the borrower was in the process of having the contaminated soils removed. Additional sampling will be conducted for a year after soil removal. The environmental engineering company working on remediation estimated the cost of remediation and future monitoring in the range of $115,386-$117,386. The borrower submitted a claim under its environmental insurance policy and the insurer acknowledged coverage. The policy carries a $100,000 deductible and borrower had, at time of origination, previously expended $26,000 and therefore had a remaining deductible obligation of $74,000, which sum was reserved by the lender at origination. The lender is named as an additional insured under the borrower’s environmental insurance policy. |
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| Loan No. 24 – Ambler Yards – The ESA noted a recognized environmental concern related to groundwater contamination caused by historical chemical manufacturing operations of American Chemical Paint Company, the prior occupant of the Mortgaged Property. Pursuant to the related ground lease, the ground lessor is responsible for the required cleanup, and |
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| provides full environmental indemnity to the borrower. Under the ground lease, the Mortgaged Property may not be used for residential purposes. At origination, the borrower sponsors obtained an environmental insurance policy from Great American Insurance Company with combined single limits of $2,000,000, a deductible of $50,000 and a term expiring on May 9, 2032. Great American Insurance Company is rated “A+” by S&P. |
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| Loan No. 46 – El Segundo Plaza – The ESA for the Mortgaged Property noted a recognized environmental concern related to a dry cleaner which operated at 243 Main Street from 1984 through approximately 2009. At origination, the borrower (i) provided an environmental insurance policy issued by Beazley Eclipse for a 121-month policy term with combined coverage of $1,000,000 and a deductible of $50,000 naming the lender as an additional insured party, which will remain in place through the life of the Mortgage Loan and (ii) funded $25,132 in an environmental reserve to cover the potential cost of an additional three years of coverage beyond the loan maturity date. |
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| Loan Nos. 50 and 56 – Windsor Park Apartments and Nut Tree 1670 – In lieu of obtaining a Phase I ESA, the lender obtained a $5,250,000 group lender environmental collateral protection and liability-type environmental insurance policy with a $5,250,000 sublimit per claim from Steadfast Insurance Company, a member company of Zurich North America with a 10-year term (equal to the loan term) and a three-year policy tail and having no deductible. The policy premium was pre-paid at origination. Zurich North America has an S&P rating of “AA-”. |
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| Loan No. 53 – Webb’s Plaza – There were two gasoline stations at 300 9th Street South (1933-1972) and 320 9th Street South (1933-1942), two service stations/auto repair facilities at 350 9th Avenue South (1933) and 352 9th Avenue South (1948 -1962), and two auto repair facilities at 302 9th Street South (1933) and 300 3rd Avenue South (1948); however, no information pertaining to the installation or removal of potential automobile lifts or underground storage tanks was available. After origination, the borrower purchased an environmental insurance policy in the amount of $1.0 million. |
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| Loan No. 60 – Ashgrove Apartments – The Mortgaged Property has been impacted by an off-site release of chlorinated solvents from a former up-gradient dry cleaner located at the adjacent Eagle Rockbridge Shopping Center (4450 Rockbridge Road). The environmental consultant considered the impacts from this off-site dry cleaning release to represent a recognized environmental condition. The release source has been confirmed as the off-site dry cleaning facility, and the borrower is not considered a responsible party. Semi-annual monitoring continues to be completed under the regulatory oversight of the Georgia Environmental Protection Division. No additional sites of concern were identified in the regulatory database report, based on relative distance and/or regulatory status. After origination, the borrower obtained an environmental insurance policy with a coverage amount of $1.0 million. |
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(16) | For more information, see “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the preliminary prospectus. |
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(17) | Loan No. 16 – SpringHill Suites Corona Riverside – The borrower is required to deposit $48,699 to the PIP reserve on or before August 1, 2023. |
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(18) | Loan No. 5 – 10000 Santa Monica Boulevard – Once the capital expense cap of $250,000 is reached, to the extent a monthly deposit would result in the aggregate amount of capital expense funds exceeding the $250,000 capital expense cap, such monthly deposit will be decreased by an amount equal to such excess and be less than $81,711 in the aggregate and, accordingly, to the extent the aggregate amount of capital expense funds is less than the $81,711 capital expense minimum amount, such monthly deposit will be increased by an amount equal to such deficiency. |
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| Loan No. 20 – Hudson River Hotel – On each monthly payment date, the borrower is required to deposit for annual FF&E work 1/12th of 4.0% of annual gross revenues calculated as of the end of the most recent calendar quarter. |
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(19) | Loan No. 5 – 10000 Santa Monica Boulevard – Sonny Kahn, solely in his capacity as trustee of the SK Business Trust, Russell Galbut, solely in his capacity as trustee of the RF Business Trust, and Bruce A. Menin, solely in his capacity as trustee of the Menin 1998 Business Trust (and, together with Sonny Kahn and Russell Galbut, the “Individual Trustees”) (each a “Guarantor”, and collectively, the “Guarantor”), are collectively the non-recourse carveout guarantor. Pursuant to the Guaranty Agreement dated April 12, 2019 (the “Guaranty”), by Sonny Kahn, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely in his capacity as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003, Russell Galbut, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely in his capacity as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009 and Bruce A. Menin, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely in his capacity as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009, the Guarantor agreed to irrevocably and unconditionally guaranty to the loan seller, and its successors and assigns, the payment and performance of (i) the borrower’s recourse liabilities under the Mortgage Loan documents and (ii) from and after the date that any springing recourse event occurs, payment of all amounts due under the Mortgage Loan documents. |
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| will be required to provide financial statements to the lender that are true and correct in all material respects and fairly present the financial condition of such Individual Trustee as of such date. |
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| Loan No. 24 – Ambler Yards – The Mortgaged Property is subject to a land development agreement with Lower Gwynedd Township, which requires as a condition of granting zoning approval for the related borrower sponsors’ redevelopment plan for the Mortgaged Property. The borrower sponsors posted an approximately $1.4 million standby letter of credit, collateralized by an escrow account with Firstrust Bank, to cover the anticipated costs of site work in connection to the land development agreement. As of origination, approximately $430,000 of the $1.4 million escrow had been drawn down for work completed. The remainder of the site work is expected to be completed in 2019. The lender has oversight of the remaining distributions from the escrow pursuant to a tri-party agreement the lender entered into at origination with the borrower and Firstrust Bank. The Mortgage Loan documents provide recourse to the guarantor and borrower for any violation or breach of the agreement or the master plan or the failure to complete the work required thereunder. |
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| Loan No. 26 – Maui Portfolio – The Mortgage Loan closed with a preferred debt investor in the joint venture that is the sole member of each borrower. The preferred equity interest is equal to approximately $4.75 million and has a preferred rate of return of 10.5% per annum, with a current pay rate of 8% per annum (with deferral of the excess 2.5% permitted if distributable cash flow is insufficient to pay the full preferred return in such month and the remainder accruing and payable at maturity of the preferred equity). Additionally, there is a required quarterly redemption of the preferred equity interest which is equal to $296,875. The preferred equity interest is guaranteed by the borrower sponsor and has a term of four years, with no extension options. |
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(20) | Loan No. 32 – Pikeville Commons – The Number of Units includes 116 multifamily units. The Mortgaged Property also includes 31,475 SF of commercial space, accounting for approximately 31.7% of total income. |
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| Loan No. 48 – 87 East 4th Street – The Number of Units includes eight multifamily units (60.1% of total underwritten income). The Mortgaged Property also includes 1,669 SF of commercial space, accounting for approximately 39.9% of total underwritten income. |
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(21) | Loan No. 32 – Pikeville Commons – The most recent financials are as of TTM 7/31/2019, include T-1 annualized for the residential portion and TTM for the retail portion. |
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(22) | Loan No. 49 – Norman’s Crossing – The third largest tenant at the Mortgaged Property, Chase Bank, ground leases approximately 0.6 acres of the Mortgaged Property from the borrower. The 20-year ground lease commenced in January 2018 and expires in December 2038 with an initial annual rent of $160,000, which increases to $176,000 in 2023, $193,600 in 2028, and to $212,960 in 2033. Rent commencement is no later than October 16, 2019. The ground lease has four 5-year renewal options and no termination options. |
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