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Benchmark 2021-B24 Mortgage Trust

Filed: 1 Mar 21, 4:16pm

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-226123-11
   

  

Free Writing Prospectus dated February [28], 2021

 

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-226123) for the offering to which this free writing prospectus 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 if you request it by calling (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

 

The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.

 

The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

 

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached 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 email system.

 

 

 

  

 

 

ANNEX A-1

 

            
        Number ofProperty  Property 
Loan #Seller(1)Property NameStreet AddressCityStateZip CodeCountyPropertiesType(2)SubtypeYear Built
1JPMCB410 Tenth Avenue410 Tenth AvenueNew YorkNY10001New York1OfficeCBD1927
2CREFI/GACCMGM Grand & Mandalay BayVariousLas VegasNVVariousClark2HotelFull ServiceVarious
2.01CREFI/GACCMGM Grand3799 South Las Vegas BoulevardLas VegasNV89109Clark1HotelFull Service1993
2.02CREFI/GACCMandalay Bay3950 South Las Vegas BoulevardLas VegasNV89119Clark1HotelFull Service1999
3GSMCPhillips Point777 South Flagler DriveWest Palm BeachFL33401Palm Beach1OfficeCBD1985, 1988
4CREFI141 Livingston141 Livingston StreetBrooklynNY11201Kings1OfficeCBD1959
5JPMCBPittock Block921 Southwest Washington StreetPortlandOR97205Multnomah1Mixed UseOffice/Retail/Data Center1913
6CREFI/JPMCBThe Galleria Office TowersVariousHoustonTX77056Harris3OfficeCBDVarious
6.01CREFI/JPMCBGalleria Tower I2700 Post Oak BoulevardHoustonTX77056Harris1OfficeCBD1974
6.02CREFI/JPMCBGalleria Tower II5051 Westheimer RoadHoustonTX77056Harris1OfficeCBD1970
6.03CREFI/JPMCBGalleria Financial Center5065-5075 Westheimer RoadHoustonTX77056Harris1OfficeCBD1977
7GSMCU.S. Industrial Portfolio VIVariousVariousVariousVariousVarious10IndustrialVariousVarious
7.01GSMCTrue Value308 South Division StreetHarvardIL60033McHenry1IndustrialWarehouse/Distribution1942
7.02GSMCBelnick4350 Ball Ground HighwayCantonGA30114Cherokee1IndustrialWarehouse/Distribution1999
7.03GSMCTufco - 3161 South Ridge Road3161 South Ridge RoadAshwaubenonWI54304Brown1IndustrialManufacturing1978
7.04GSMCPro Con - 109 Maplewood Drive109 Maplewood DriveHazle TownshipPA18202Luzerne1IndustrialManufacturing1987, 1997, 2001
7.05GSMCTotal Logistics2900 Granada Lane NorthOakdaleMN55128Washington1IndustrialWarehouse1994
7.06GSMCPro Con - 2441 East Glendale Avenue2441 East Glendale AvenueAppletonWI54911Outagamie1IndustrialManufacturing1978
7.07GSMCAmaray1300 West Park RoadElizabethtownKY42701Hardin1IndustrialManufacturing1975
7.08GSMCPro Con - 2430 East Glendale Avenue2430 East Glendale AvenueAppletonWI54911Outagamie1IndustrialManufacturing1968, 1974, 1995, 1997
7.09GSMCTufco - 1205 Burris Road1205 Burris RoadNewtonNC28658Catawba1IndustrialWarehouse1971
7.10GSMCTufco - 1055 Parkview Road1055 Parkview RoadAshwaubenonWI54304Brown1IndustrialManufacturing1983
8CREFIBoca Office PortfolioVariousBoca RatonFL33433Palm Beach4Mixed UseOffice/RetailVarious
8.01CREFIBoardwalk @ 18th6909 Southwest 18th StreetBoca RatonFL33433Palm Beach1Mixed UseOffice/Retail1986
8.02CREFIFountains Center7000-7700 West Camino RealBoca RatonFL33433Palm Beach1Mixed UseOffice/Retail1983
8.03CREFICity National Park7000 Palmetto Park Road and 22125 Powerline RoadBoca RatonFL33433Palm Beach1Mixed UseOffice/Retail1986, 1991, 1998
8.04CREFIGrove Centre21301 Powerline RoadBoca RatonFL33433Palm Beach1Mixed UseOffice/Retail1983
9CREFIGestamp Automocion SLB3063 Hickory Valley RoadChattanoogaTN37421Hamilton1IndustrialManufacturing2014
10JPMCB30 Hudson Yards 67500 West 33rd StreetNew YorkNY10001New York1OfficeCBD2019
11GSMCDawson MarketplaceGA-400 & Dawson Forest Road EastDawsonvilleGA30534Dawson1RetailAnchored2017-2020
12GACC8670 Wilshire8670 Wilshire BoulevardBeverly HillsCA90211Los Angeles1OfficeMedical1986
13GSMCJW Marriott Nashville201 8th Avenue SouthNashvilleTN37203Davidson1HotelFull Service2018
14CREFIMorgan Stanley Tower150 2nd Avenue NorthSaint PetersburgFL33701Pinellas1OfficeCBD1985
15JPMCBThe Village at Meridian1600-2300 North Eagle RoadMeridianID83642Ada1RetailAnchored2012
16GSMCMillennium Corporate Park18200-18700 Northeast Union Hill RoadRedmondWA98052King1OfficeSuburban1999-2000, 2014
17GSMC711 Fifth Avenue711 5th AvenueNew YorkNY10022New York1Mixed UseOffice/Retail1927
18JPMCBOakland Commons I&II20700 & 20750 Civic Center DriveSouthfieldMI48076Oakland1OfficeSuburban1999
19GACCOrlando Technology Park100, 200, 250, 255 & 525 Technology ParkwayLake MaryFL32746Seminole1OfficeFlex1986, 1998, 1999
20GACCWoodbury Crossing Phase II530 Greenwood Drive SouthwestOlympiaWA98502Thurston1MultifamilyGarden2019-2020
21CREFIAdvanced Energy2424 Midpoint Drive and 1625 Sharp Point DriveFort CollinsCO80525Larimer1IndustrialR&D/Flex1987, 2000
22CREFIValue Store It Miami5900 Northwest 102nd AvenueDoralFL33178Miami-Dade1Self StorageSelf Storage2010
23GSMCWilloughby Commons36363 Euclid AvenueWilloughbyOH44094Lake1RetailPower Center1997-2000
24JPMCBCamellia Trace100 Trace DriveJacksonTN38305Madison1MultifamilyGarden2002
25GACCDollar General PortfolioVariousVariousVariousVariousVarious15RetailFreestandingVarious
25.01GACCRobinsonville13060 Highway 61 NorthRobinsonvilleMS38664Tunica1RetailFreestanding2020
25.02GACCSaint Mary’s5056 South Pleasants HighwayBelmontWV26170Pleasants1RetailFreestanding2020
25.03GACCAlexandria (Carlos)4480 County Road 13 NortheastCarlosMN56319Douglas1RetailFreestanding2020
25.04GACCSt. Martinville4009 Catahoula HighwaySaint MartinvilleLA70582Saint Martin1RetailFreestanding2020
25.05GACCFife Lake6950 U.S. 131Fife LakeMI49633Grand Traverse1RetailFreestanding2020
25.06GACCWaubun3185 U.S. 59WaubunMN56589Mahnomen1RetailFreestanding2020
25.07GACCLake Village612 U.S. 65Lake VillageAR71653Chicot1RetailFreestanding2020
25.08GACCNew Era4121 South Oceana DriveNew EraMI49446Oceana1RetailFreestanding2020
25.09GACCMooers2593 U.S. 11MooersNY12958Clinton1RetailFreestanding2020
25.10GACCHinckley304 Fire Monument RoadHinckleyMN55037Pine1RetailFreestanding2020
25.11GACCCenter308 Lignite AvenueCenterND58530Oliver1RetailFreestanding2020
25.12GACCLepanto330 West Broad StreetLepantoAR72354Poinsett1RetailFreestanding2020
25.13GACCEdgemont11116 U.S. 18EdgemontSD57735Fall River1RetailFreestanding2019
25.14GACCLouisa31 Spankem Branch RoadLouisaKY41230Lawrence1RetailFreestanding2019
25.15GACCPrue11152 New Prue RoadPrueOK74054Osage1RetailFreestanding2020
26CREFI9633 Westheimer Road9633 Westheimer RoadHoustonTX77063Harris1Mixed UseSelf Storage/Retail1973
27CREFI46-50 East 167th Street46-50 East 167th StreetBronxNY10452Bronx1RetailAnchored1931
28CREFIBridgeport Distribution Center5425 Dixie HighwayBridgeportMI48601Saginaw1IndustrialWarehouse/Distribution1974
29CREFI303 3rd Street303 3rd StreetHuntington BeachCA92648Orange1Mixed UseOffice/Retail1996
30CREFI5501 New Utrecht Avenue5501 New Utrecht AvenueBrooklynNY11219Kings1OfficeCBD2020
31CREFIHamden Self Storage1315 Dixwell AvenueHamdenCT06514New Haven1Mixed UseSelf Storage/Retail2002
 A-1-1 

 

ANNEX A-1

 

            
        Number ofProperty  Property 
Loan #Seller(1)Property NameStreet AddressCityStateZip CodeCountyPropertiesType(2)SubtypeYear Built
32JPMCBBristol Park1141 Glen Iris DriveFayettevilleNC28314Cumberland1MultifamilyGarden2009
33GACC6450 Industrial6450 Technology DriveSalemVA24153Roanoke1IndustrialWarehouse/Distribution1997
34CREFI651 Bushwick Avenue651 Bushwick AvenueBrooklynNY11221Kings1Mixed UseMultifamily/Office/Retail2019
35GSMCGrocery Outlet Truckee11213 Donner Pass RoadTruckeeCA96161Nevada1Mixed UseRetail/Multifamily2020
36JPMCBHoliday Inn Philadelphia South1 Pureland DriveSwedesboroNJ08085Gloucester1HotelFull Service1987
37CREFICVS Valley Stream44 North Central AvenueValley StreamNY11580Nassau1RetailSingle Tenant1990
38CREFIDeschutes Business Center20370 Empire AvenueBendOR97703Deschutes1IndustrialFlex1981
39CREFIThe Cove Storage PortfolioVariousVariousALVariousMadison3Self StorageSelf StorageVarious
39.01CREFIJames Road485 James RoadOwens Cross RoadsAL35763Madison1Self StorageSelf Storage2006
39.02CREFIGreen Cove Road1610 Green Cove Road SoutheastHuntsvilleAL35803Madison1Self StorageSelf Storage1997
39.03CREFITaylor Lane111 Taylor LaneOwens Cross RoadsAL35763Madison1Self StorageSelf Storage2006
40CREFIScotsman Self Storage1956 Quality BoulevardHuntsvilleTX77320Walker1Self StorageSelf Storage2001, 2003
            
 A-1-2 

 

ANNEX A-1

 

            Original 
   Year  Unit of    OccupancyAppraisedAppraisalCurrentOriginalBalanceCurrent  
Loan #Seller(1)Property NameRenovatedUnits(3) MeasureOccupancy %(4)DateValue ($)(5)DateLTV %(5)Balance ($)(6)(7)per Unit ($)Balance ($)(6)(7)
1JPMCB410 Tenth Avenue2020631,944Square Feet99.2%12/16/20955,000,00012/01/2039.8%80,000,00060180,000,000
2CREFI/GACCMGM Grand & Mandalay Bay 9,748Rooms71.4%09/30/204,600,000,00001/10/2035.5%79,985,667167,64579,985,667
2.01CREFI/GACCMGM Grand 4,998Rooms68.5%09/30/202,505,000,00001/10/20 43,592,189 43,592,189
2.02CREFI/GACCMandalay Bay 4,750Rooms74.8%09/30/202,095,000,00001/10/20 36,393,478 36,393,478
3GSMCPhillips Point2018-2020448,885Square Feet90.5%12/01/20289,000,00012/15/2068.7%75,000,00044275,000,000
4CREFI141 Livingston2015213,745Square Feet100.0%02/01/21182,300,00002/01/2154.9%75,000,00046875,000,000
5JPMCBPittock Block2001297,698Square Feet71.4%12/21/20329,000,00012/07/2042.9%66,000,00047466,000,000
6CREFI/JPMCBThe Galleria Office TowersVarious1,067,672Square Feet68.1%01/20/21185,000,00001/06/2148.6%65,000,0008465,000,000
6.01CREFI/JPMCBGalleria Tower I2002, 2020493,695Square Feet78.1%01/20/2185,544,60001/06/21 30,056,211 30,056,211
6.02CREFI/JPMCBGalleria Tower II1992, 2005, 2020320,687Square Feet68.1%01/20/2155,566,78101/06/21 19,523,464 19,523,464
6.03CREFI/JPMCBGalleria Financial Center2020253,290Square Feet48.7%01/20/2143,888,61901/06/21 15,420,326 15,420,326
7GSMCU.S. Industrial Portfolio VIVarious2,981,955Square Feet95.9%02/01/21136,500,000Various59.3%60,000,0002760,000,000
7.01GSMCTrue Value19821,331,727Square Feet100.0%02/01/2136,100,00001/06/21 16,044,444 16,044,444
7.02GSMCBelnick2011477,152Square Feet100.0%02/01/2128,900,00001/05/21 12,844,444 12,844,444
7.03GSMCTufco - 3161 South Ridge Road 226,900Square Feet100.0%02/01/2114,900,00012/28/20 6,622,222 6,622,222
7.04GSMCPro Con - 109 Maplewood Drive 205,320Square Feet100.0%02/01/2112,920,00012/29/20 5,742,222 5,742,222
7.05GSMCTotal Logistics200886,460Square Feet100.0%02/01/2110,800,00012/21/20 4,747,407 4,747,407
7.06GSMCPro Con - 2441 East Glendale Avenue2002172,261Square Feet100.0%02/01/219,440,00012/28/20 4,149,630 4,149,630
7.07GSMCAmaray 194,519Square Feet100.0%02/01/219,200,00012/30/20 4,043,704 4,043,704
7.08GSMCPro Con - 2430 East Glendale Avenue 122,500Square Feet100.0%02/01/216,720,00012/28/20 2,954,074 2,954,074
7.09GSMCTufco - 1205 Burris Road 121,096Square Feet0.0%02/01/214,650,00012/23/20 1,576,296 1,576,296
7.10GSMCTufco - 1055 Parkview Road 44,020Square Feet100.0%02/01/212,870,00012/28/20 1,275,556 1,275,556
8CREFIBoca Office PortfolioVarious514,527Square Feet90.4%01/23/21155,900,00011/13/2063.5%50,000,00019250,000,000
8.01CREFIBoardwalk @ 18th2017132,132Square Feet91.8%01/23/2149,500,00010/22/20 15,151,515 15,151,515
8.02CREFIFountains Center 188,666Square Feet84.5%01/23/2144,500,00011/13/20 14,393,939 14,393,939
8.03CREFICity National Park 132,207Square Feet97.4%01/23/2139,200,00011/13/20 14,393,939 14,393,939
8.04CREFIGrove Centre201761,522Square Feet90.8%01/23/2117,500,00010/22/20 6,060,606 6,060,606
9CREFIGestamp Automocion SLB 637,750Square Feet100.0%03/06/2178,900,00002/01/2162.7%49,500,0007849,500,000
10JPMCB30 Hudson Yards 67 44,954Square Feet100.0%03/07/21110,000,00002/01/2164.5%45,000,0001,57945,000,000
11GSMCDawson Marketplace 352,418Square Feet97.3%12/31/2068,000,00011/17/1955.4%43,800,00012443,800,000
12GACC8670 Wilshire200250,520Square Feet100.0%02/21/2170,400,00001/04/2160.4%42,500,00084142,500,000
13GSMCJW Marriott Nashville 533Rooms44.1%09/30/20301,000,00011/10/2061.5%35,000,000347,09235,000,000
14CREFIMorgan Stanley Tower2015187,694Square Feet94.7%12/15/2054,100,00012/16/2062.8%34,000,00018134,000,000
15JPMCBThe Village at Meridian 841,927Square Feet79.3%10/01/20197,000,00010/06/2033.5%30,995,0007830,995,000
16GSMCMillennium Corporate Park 537,046Square Feet100.0%10/01/20216,700,00011/18/2060.9%27,000,00024627,000,000
17GSMC711 Fifth Avenue2013-2019340,024Square Feet76.5%01/31/201,000,000,00001/23/2054.5%26,500,0001,60326,500,000
18JPMCBOakland Commons I&II 315,839Square Feet77.7%01/18/2134,900,00002/01/2169.6%24,300,0007724,300,000
19GACCOrlando Technology Park2015-2020297,386Square Feet86.9%11/30/2035,000,00001/19/2169.0%24,150,0008124,150,000
20GACCWoodbury Crossing Phase II 90Units95.6%01/31/2132,800,00012/18/2062.1%20,380,000226,44420,380,000
21CREFIAdvanced Energy1994, 2015115,627Square Feet100.0%03/06/2130,650,00012/10/2060.0%18,390,00015918,390,000
22CREFIValue Store It Miami2017119,850Square Feet93.1%01/11/2127,200,00001/08/2162.5%17,000,00014217,000,000
23GSMCWilloughby Commons 351,581Square Feet98.9%09/30/2051,700,00011/22/1971.5%16,950,00010516,950,000
24JPMCBCamellia Trace 212Units99.1%02/02/2124,700,00001/06/2163.4%15,655,00073,84415,655,000
25GACCDollar General Portfolio 139,012Square Feet100.0%03/06/2121,320,00001/19/2165.0%13,850,00010013,850,000
25.01GACCRobinsonville 9,100Square Feet100.0%03/06/211,720,00001/12/21 1,126,069 1,126,069
25.02GACCSaint Mary’s 9,100Square Feet100.0%03/06/211,540,00001/13/21 1,008,225 1,008,225
25.03GACCAlexandria (Carlos) 9,002Square Feet100.0%03/06/211,520,00001/03/21 995,131 995,131
25.04GACCSt. Martinville 9,100Square Feet100.0%03/06/211,440,00001/13/21 942,756 942,756
25.05GACCFife Lake 9,100Square Feet100.0%03/06/211,430,00001/13/21 936,209 936,209
25.06GACCWaubun 9,100Square Feet100.0%03/06/211,420,00001/12/21 929,662 929,662
25.07GACCLake Village 10,566Square Feet100.0%03/06/211,410,00001/13/21 923,115 923,115
25.08GACCNew Era 9,026Square Feet100.0%03/06/211,400,00001/13/21 916,568 916,568
25.09GACCMooers 9,026Square Feet100.0%03/06/211,380,00001/12/21 903,474 903,474
25.10GACCHinckley 9,100Square Feet100.0%03/06/211,370,00001/12/21 896,927 896,927
25.11GACCCenter 9,026Square Feet100.0%03/06/211,370,00001/12/21 896,927 896,927
25.12GACCLepanto 10,640Square Feet100.0%03/06/211,350,00001/11/21 883,834 883,834
25.13GACCEdgemont 9,000Square Feet100.0%03/06/211,320,00001/13/21 867,466 867,466
25.14GACCLouisa 9,100Square Feet100.0%03/06/211,290,00001/12/21 844,552 844,552
25.15GACCPrue 9,026Square Feet100.0%03/06/211,190,00001/03/21 779,083 779,083
26CREFI9633 Westheimer Road202182,000Square Feet100.0%02/01/2121,890,00001/21/2162.5%13,681,25016713,681,250
27CREFI46-50 East 167th Street 26,500Square Feet100.0%11/01/2020,900,00012/21/2065.0%13,585,00051313,585,000
28CREFIBridgeport Distribution Center1994610,808Square Feet100.0%09/30/2016,800,00001/25/2169.6%11,700,0001911,700,000
29CREFI303 3rd Street2018-201915,095Square Feet100.0%02/01/2118,050,00012/31/2052.6%9,500,0006299,500,000
30CREFI5501 New Utrecht Avenue 21,152Square Feet100.0%11/01/2016,600,00011/04/2057.2%9,500,0004499,500,000
31CREFIHamden Self Storage 113,115Square Feet95.3%02/04/2115,300,00012/07/2057.2%9,500,000849,500,000
 A-1-3 

 

ANNEX A-1

 

            Original 
   Year  Unit of    OccupancyAppraisedAppraisalCurrentOriginalBalanceCurrent  
Loan #Seller(1)Property NameRenovatedUnits(3) MeasureOccupancy %(4)DateValue ($)(5)DateLTV %(5)Balance ($)(6)(7)per Unit ($)Balance ($)(6)(7)
32JPMCBBristol Park 112Units94.6%02/02/2113,000,00012/29/2065.5%8,515,00076,0278,515,000
33GACC6450 Industrial2018283,000Square Feet100.0%03/06/2112,850,00012/21/2059.5%7,650,000277,650,000
34CREFI651 Bushwick Avenue 20Rooms100.0%02/01/2112,400,00001/04/2156.5%7,000,000350,0007,000,000
35GSMCGrocery Outlet Truckee 18,021Square Feet100.0%02/18/2113,200,00001/23/2150.0%6,600,0003666,600,000
36JPMCBHoliday Inn Philadelphia South2019161Rooms44.8%01/31/2110,000,00009/01/1862.9%6,500,00040,3736,287,797
37CREFICVS Valley Stream 11,352Square Feet100.0%03/06/2110,200,00012/29/2060.6%6,180,0005446,180,000
38CREFIDeschutes Business Center 53,874Square Feet88.7%01/25/219,500,00012/08/2057.9%5,500,0001025,500,000
39CREFIThe Cove Storage Portfolio 110,850Square Feet98.2%11/30/207,800,00012/09/2065.3%5,090,000465,090,000
39.01CREFIJames Road 50,450Square Feet97.5%11/30/202,900,00012/09/20 2,165,000 2,165,000
39.02CREFIGreen Cove Road 37,000Square Feet98.6%11/30/203,000,00012/09/20 1,920,000 1,920,000
39.03CREFITaylor Lane 23,400Square Feet99.1%11/30/201,900,00012/09/20 1,005,000 1,005,000
40CREFIScotsman Self Storage 44,500Square Feet90.6%11/30/204,400,00012/03/2070.1%3,085,200693,085,200
              
 A-1-4 

 

ANNEX A-1

 

   Current     Net     
   Balance% of InitialCrossedRelated  Interest  Admin.Mortgage Monthly DebtAnnual Debt First  
Loan #Seller(1)Property Nameper Unit ($)Pool BalanceLoanBorrower(8)Rate %(9)Fee %(9)Rate %(9)Accrual TypeService ($)(10)(11)Service ($)(11)Note DatePayment Date
1JPMCB410 Tenth Avenue6016.9%NoNo2.591590.012302.57929Actual/360175,172.292,102,067.4812/18/2002/01/21
2CREFI/GACCMGM Grand & Mandalay Bay167,6456.9%NoNo3.558000.010433.54758Actual/360240,451.362,885,416.3202/14/2004/05/20
2.01CREFI/GACCMGM Grand 3.8%          
2.02CREFI/GACCMandalay Bay 3.1%          
3GSMCPhillips Point4426.5%NoNo3.340030.011053.32898Actual/360211,650.892,539,810.6801/15/2103/06/21
4CREFI141 Livingston4686.5%NoNo3.210000.011053.19895Actual/360203,411.462,440,937.5202/18/2104/06/21
5JPMCBPittock Block4745.7%NoNo3.299400.021053.27835Actual/360183,987.602,207,851.2012/30/2002/01/21
6CREFI/JPMCBThe Galleria Office Towers845.6%NoNo4.460000.011054.44895Actual/360327,802.403,933,628.7502/17/2104/06/21
6.01CREFI/JPMCBGalleria Tower I 2.6%          
6.02CREFI/JPMCBGalleria Tower II 1.7%          
6.03CREFI/JPMCBGalleria Financial Center 1.3%          
7GSMCU.S. Industrial Portfolio VI275.2%NoNo3.716000.011053.70495Actual/360188,380.562,260,566.7202/08/2104/06/21
7.01GSMCTrue Value 1.4%          
7.02GSMCBelnick 1.1%          
7.03GSMCTufco - 3161 South Ridge Road 0.6%          
7.04GSMCPro Con - 109 Maplewood Drive 0.5%          
7.05GSMCTotal Logistics 0.4%          
7.06GSMCPro Con - 2441 East Glendale Avenue 0.4%          
7.07GSMCAmaray 0.3%          
7.08GSMCPro Con - 2430 East Glendale Avenue 0.3%          
7.09GSMCTufco - 1205 Burris Road 0.1%          
7.10GSMCTufco - 1055 Parkview Road 0.1%          
8CREFIBoca Office Portfolio1924.3%NoNo4.020000.011054.00895Actual/360169,826.392,037,916.6802/17/2104/06/21
8.01CREFIBoardwalk @ 18th 1.3%          
8.02CREFIFountains Center 1.2%          
8.03CREFICity National Park 1.2%          
8.04CREFIGrove Centre 0.5%          
9CREFIGestamp Automocion SLB784.3%NoNo3.610000.011053.59895Actual/360225,327.692,703,932.2802/19/2104/06/21
10JPMCB30 Hudson Yards 671,5793.9%NoNo3.371000.011053.35995Actual/360128,168.231,538,018.7602/19/2104/07/21
11GSMCDawson Marketplace1243.8%NoNo3.550000.011053.53895Actual/360131,374.651,576,495.8002/03/2003/06/20
12GACC8670 Wilshire8413.7%NoNo3.784000.011053.77295Actual/360135,878.011,630,536.1202/19/2104/06/21
13GSMCJW Marriott Nashville347,0923.0%NoNo3.139000.011053.12795Actual/36092,825.751,113,909.0003/06/2004/06/20
14CREFIMorgan Stanley Tower1812.9%NoNo3.500000.011053.48895Actual/360152,675.191,832,102.2802/12/2104/06/21
15JPMCBThe Village at Meridian782.7%NoNo3.499000.021053.47795Actual/36091,631.481,099,577.7601/14/2103/05/21
16GSMCMillennium Corporate Park2462.3%NoNo3.032000.011053.02095Actual/36069,167.50830,010.0012/17/2002/06/21
17GSMC711 Fifth Avenue1,6032.3%NoNo3.160000.012303.14770Actual/36070,752.55849,030.6003/06/2004/06/20
18JPMCBOakland Commons I&II772.1%NoNo4.215000.059804.15520Actual/360119,044.011,428,528.1202/19/2104/01/21
19GACCOrlando Technology Park812.1%NoNo3.501000.011053.48995Actual/360108,457.771,301,493.2402/24/2104/06/21
20GACCWoodbury Crossing Phase II226,4441.8%NoNo4.267370.011054.25632Actual/36073,480.75881,769.0002/11/2104/06/21
21CREFIAdvanced Energy1591.6%NoNo3.870000.011053.85895Actual/36086,424.011,037,088.1202/12/2104/06/21
22CREFIValue Store It Miami1421.5%NoNo3.610000.041053.56895Actual/36051,851.97622,223.6402/11/2104/06/21
23GSMCWilloughby Commons1051.5%NoNo4.038000.021054.01695Actual/36081,293.66975,523.9212/20/1902/06/20
24JPMCBCamellia Trace73,8441.4%NoYes - Group 13.457000.041053.41595Actual/36045,725.83548,709.9602/12/2104/01/21
25GACCDollar General Portfolio1001.2%NoNo3.151000.011053.13995Actual/36036,872.90442,474.8002/02/2103/06/21
25.01GACCRobinsonville 0.1%          
25.02GACCSaint Mary’s 0.1%          
25.03GACCAlexandria (Carlos) 0.1%          
25.04GACCSt. Martinville 0.1%          
25.05GACCFife Lake 0.1%          
25.06GACCWaubun 0.1%          
25.07GACCLake Village 0.1%          
25.08GACCNew Era 0.1%          
25.09GACCMooers 0.1%          
25.10GACCHinckley 0.1%          
25.11GACCCenter 0.1%          
25.12GACCLepanto 0.1%          
25.13GACCEdgemont 0.1%          
25.14GACCLouisa 0.1%          
25.15GACCPrue 0.1%          
26CREFI9633 Westheimer Road1671.2%NoNo3.890000.011053.87895Actual/36044,966.03539,592.3602/17/2104/06/21
27CREFI46-50 East 167th Street5131.2%NoNo3.840000.011053.82895Actual/36044,075.78528,909.3602/08/2104/06/21
28CREFIBridgeport Distribution Center191.0%NoNo3.820000.011053.80895Actual/36054,650.30655,803.6002/17/2104/06/21
29CREFI303 3rd Street6290.8%NoNo3.670000.011053.65895Actual/36029,457.70353,492.4002/11/2104/06/21
30CREFI5501 New Utrecht Avenue4490.8%NoNo3.780000.011053.76895Actual/36030,340.63364,087.5612/18/2002/06/21
31CREFIHamden Self Storage840.8%NoNo3.870000.011053.85895Actual/36044,645.36535,744.3202/12/2104/06/21
 A-1-5 

 

ANNEX A-1

 

   Current     Net     
   Balance% of InitialCrossedRelated  Interest  Admin.Mortgage Monthly DebtAnnual Debt First  
Loan #Seller(1)Property Nameper Unit ($)Pool BalanceLoanBorrower(8)Rate %(9)Fee %(9)Rate %(9)Accrual TypeService ($)(10)(11)Service ($)(11)Note DatePayment Date
32JPMCBBristol Park76,0270.7%NoYes - Group 13.507000.051053.45595Actual/36025,230.71302,768.5202/16/2104/01/21
33GACC6450 Industrial270.7%NoNo4.094000.011054.08295Actual/36036,938.05443,256.6002/19/2104/06/21
34CREFI651 Bushwick Avenue350,0000.6%NoNo3.920000.011053.90895Actual/36023,184.26278,211.1202/12/2104/06/21
35GSMCGrocery Outlet Truckee3660.6%NoNo3.841000.011053.82995Actual/36021,418.91257,026.9202/19/2104/06/21
36JPMCBHoliday Inn Philadelphia South39,0550.5%NoNo5.212000.011055.20095Actual/36035,740.41428,884.9210/15/1812/01/18
37CREFICVS Valley Stream5440.5%NoNo4.000000.011053.98895Actual/36020,886.11250,633.3202/16/2104/06/21
38CREFIDeschutes Business Center1020.5%NoNo3.780000.011053.76895Actual/36017,565.63210,787.5602/17/2104/06/21
39CREFIThe Cove Storage Portfolio460.4%NoYes - Group 23.830000.011053.81895Actual/36023,804.24285,650.8802/12/2104/06/21
39.01CREFIJames Road 0.2%          
39.02CREFIGreen Cove Road 0.2%          
39.03CREFITaylor Lane 0.1%          
40CREFIScotsman Self Storage690.3%NoYes - Group 23.680000.011053.66895Actual/36014,165.77169,989.2401/29/2103/06/21
               
 A-1-6 

 

ANNEX A-1

 

ANNEX A-1

 

           
   Partial IOPartial IO LoanRem.Rem.  PaymentGrace Period
Loan #Seller(1)Property NameLast IO PaymentFirst P&I PaymentTerm AmortI/O PeriodSeasoningDue Date (Late Payment)(12)
1JPMCB410 Tenth Avenue  82084210
2CREFI/GACCMGM Grand & Mandalay Bay  10801201250
2.01CREFI/GACCMGM Grand        
2.02CREFI/GACCMandalay Bay        
3GSMCPhillips Point  1190120165 days grace, once per 12-month period, other than the payment due on the Maturity Date
4CREFI141 Livingston  1200120060
5JPMCBPittock Block  1180120210
6CREFI/JPMCBThe Galleria Office Towers  1203600060
6.01CREFI/JPMCBGalleria Tower I        
6.02CREFI/JPMCBGalleria Tower II        
6.03CREFI/JPMCBGalleria Financial Center        
7GSMCU.S. Industrial Portfolio VI  1200120060
7.01GSMCTrue Value        
7.02GSMCBelnick        
7.03GSMCTufco - 3161 South Ridge Road        
7.04GSMCPro Con - 109 Maplewood Drive        
7.05GSMCTotal Logistics        
7.06GSMCPro Con - 2441 East Glendale Avenue        
7.07GSMCAmaray        
7.08GSMCPro Con - 2430 East Glendale Avenue        
7.09GSMCTufco - 1205 Burris Road        
7.10GSMCTufco - 1055 Parkview Road        
8CREFIBoca Office Portfolio  60060060
8.01CREFIBoardwalk @ 18th        
8.02CREFIFountains Center        
8.03CREFICity National Park        
8.04CREFIGrove Centre        
9CREFIGestamp Automocion SLB03/06/2604/06/2612036060060
10JPMCB30 Hudson Yards 67  1200120070
11GSMCDawson Marketplace  10701201360
12GACC8670 Wilshire  1200120060
13GSMCJW Marriott Nashville  10801201260
14CREFIMorgan Stanley Tower03/06/2404/06/2412036036065 (One time only)
15JPMCBThe Village at Meridian  1190120150
16GSMCMillennium Corporate Park  58060265
17GSMC711 Fifth Avenue  10801201260
18JPMCBOakland Commons I&II03/01/2304/01/2312036024010
19GACCOrlando Technology Park03/06/2404/06/2412036036065 (Once per every 366 day period)
20GACCWoodbury Crossing Phase II  1200120060
21CREFIAdvanced Energy03/06/2404/06/2412036036060
22CREFIValue Store It Miami  1200120060
23GSMCWilloughby Commons01/06/2402/06/24106360481460
24JPMCBCamellia Trace  1200120010
25GACCDollar General Portfolio  1190120160
25.01GACCRobinsonville        
25.02GACCSaint Mary’s        
25.03GACCAlexandria (Carlos)        
25.04GACCSt. Martinville        
25.05GACCFife Lake        
25.06GACCWaubun        
25.07GACCLake Village        
25.08GACCNew Era        
25.09GACCMooers        
25.10GACCHinckley        
25.11GACCCenter        
25.12GACCLepanto        
25.13GACCEdgemont        
25.14GACCLouisa        
25.15GACCPrue        
26CREFI9633 Westheimer Road  1200120060
27CREFI46-50 East 167th Street  1200120060
28CREFIBridgeport Distribution Center03/06/2404/06/2412036036060
29CREFI303 3rd Street  1200120060
30CREFI5501 New Utrecht Avenue  1180120260
31CREFIHamden Self Storage  1203600060
 A-1-7 

 

ANNEX A-1

 

           
   Partial IOPartial IO LoanRem.Rem.  PaymentGrace Period
Loan #Seller(1)Property NameLast IO PaymentFirst P&I PaymentTerm AmortI/O PeriodSeasoningDue Date (Late Payment)(12)
32JPMCBBristol Park  1200120010
33GACC6450 Industrial03/06/2604/06/2612036060060
34CREFI651 Bushwick Avenue  1200120060
35GSMCGrocery Outlet Truckee  1200120060
36JPMCBHoliday Inn Philadelphia South  9233202810
37CREFICVS Valley Stream  1200120060
38CREFIDeschutes Business Center  1200120060
39CREFIThe Cove Storage Portfolio03/06/2404/06/2412036036060
39.01CREFIJames Road        
39.02CREFIGreen Cove Road        
39.03CREFITaylor Lane        
40CREFIScotsman Self Storage02/06/2403/06/2411936036160
 A-1-8 

 

ANNEX A-1

 

           
   Grace Period  Final  Maturity/ARD MaturityPrepayment
Loan #Seller(1)Property Name (Default)(12)Maturity DateARD LoanMat DateBalance ($)(6) LTV %(5)Provision (Payments)(13)
1JPMCB410 Tenth Avenue001/01/28Yes03/01/3280,000,000 39.8%L(26),Def(54),O(4)
2CREFI/GACCMGM Grand & Mandalay Bay003/05/30Yes03/05/3279,985,667 35.5%Grtr0.5%orYM(35),DeforGrtr0.5%orYM(78),O(7)
2.01CREFI/GACCMGM Grand    43,592,189   
2.02CREFI/GACCMandalay Bay    36,393,478   
3GSMCPhillips Point002/06/31No02/06/3175,000,000 68.7%L(25),Def(90),O(5)
4CREFI141 Livingston003/06/31No03/06/3175,000,000 54.9%L(24),Def(92),O(4)
5JPMCBPittock Block001/01/31No01/01/3166,000,000 42.9%L(4),Grtr1%orYM(112),O(4)
6CREFI/JPMCBThe Galleria Office Towers003/06/31No03/06/3152,481,454 39.3%L(24),Def(91),O(5)
6.01CREFI/JPMCBGalleria Tower I    24,267,594   
6.02CREFI/JPMCBGalleria Tower II    15,763,381   
6.03CREFI/JPMCBGalleria Financial Center    12,450,478   
7GSMCU.S. Industrial Portfolio VI003/06/31No03/06/3160,000,000 59.3%L(24),Def(92),O(4)
7.01GSMCTrue Value    16,044,444   
7.02GSMCBelnick    12,844,444   
7.03GSMCTufco - 3161 South Ridge Road    6,622,222   
7.04GSMCPro Con - 109 Maplewood Drive    5,742,222   
7.05GSMCTotal Logistics    4,747,407   
7.06GSMCPro Con - 2441 East Glendale Avenue    4,149,630   
7.07GSMCAmaray    4,043,704   
7.08GSMCPro Con - 2430 East Glendale Avenue    2,954,074   
7.09GSMCTufco - 1205 Burris Road    1,576,296   
7.10GSMCTufco - 1055 Parkview Road    1,275,556   
8CREFIBoca Office Portfolio003/06/26No03/06/2650,000,000 63.5%L(24),Def(33),O(3)
8.01CREFIBoardwalk @ 18th    15,151,515   
8.02CREFIFountains Center    14,393,939   
8.03CREFICity National Park    14,393,939   
8.04CREFIGrove Centre    6,060,606   
9CREFIGestamp Automocion SLB003/06/31No03/06/3144,619,939 56.6%Grtr4%orYM(24),DeforGrtr1%orYM(89),O(7)
10JPMCB30 Hudson Yards 67003/07/31No03/07/3145,000,000 64.5%L(24),Def(93),O(3)
11GSMCDawson Marketplace002/06/30No02/06/3043,800,000 64.4%L(37),Def(79),O(4)
12GACC8670 Wilshire003/06/31No03/06/3142,500,000 60.4%L(24),Def(91),O(5)
13GSMCJW Marriott Nashville003/06/30No03/06/3035,000,000 61.5%L(36),Def(77),O(7)
14CREFIMorgan Stanley Tower003/06/31No03/06/3129,042,251 53.7%L(24),Def(90),O(6)
15JPMCBThe Village at Meridian002/05/31No02/05/3130,995,000 33.5%L(24),Grtr1%orYM(1),DeforGrtr1%orYM(91),O(4)
16GSMCMillennium Corporate Park001/06/26No01/06/2627,000,000 60.9%L(26),Def(29),O(5)
17GSMC711 Fifth Avenue003/06/30No03/06/3026,500,000 54.5%L(36),Def(77),O(7)
18JPMCBOakland Commons I&II5 (Once per year)03/01/31No03/01/3120,595,926 59.0%L(24),Def(92),O(4)
19GACCOrlando Technology Park003/06/31No03/06/3120,629,072 58.9%L(24),Def(92),O(4)
20GACCWoodbury Crossing Phase II003/06/31No03/06/3120,380,000 62.1%L(24),Def(92),O(4)
21CREFIAdvanced Energy003/06/31No03/06/3115,856,059 51.7%L(24),Def(93),O(3)
22CREFIValue Store It Miami003/06/31No03/06/3117,000,000 62.5%L(24),Def(92),O(4)
23GSMCWilloughby Commons001/06/30No01/06/3015,042,338 63.4%L(38),Def(77),O(5)
24JPMCBCamellia Trace003/01/31No03/01/3115,655,000 63.4%L(25),Grtr1%orYM(91),O(4)
25GACCDollar General Portfolio002/06/31No02/06/3113,850,000 65.0%L(25),Def(90),O(5)
25.01GACCRobinsonville    1,126,069   
25.02GACCSaint Mary’s    1,008,225   
25.03GACCAlexandria (Carlos)    995,131   
25.04GACCSt. Martinville    942,756   
25.05GACCFife Lake    936,209   
25.06GACCWaubun    929,662   
25.07GACCLake Village    923,115   
25.08GACCNew Era    916,568   
25.09GACCMooers    903,474   
25.10GACCHinckley    896,927   
25.11GACCCenter    896,927   
25.12GACCLepanto    883,834   
25.13GACCEdgemont    867,466   
25.14GACCLouisa    844,552   
25.15GACCPrue    779,083   
26CREFI9633 Westheimer Road003/06/31No03/06/3113,681,250 62.5%L(24),Def(92),O(4)
27CREFI46-50 East 167th Street003/06/31No03/06/3113,585,000 65.0%L(2),Grtr1%orYM(115),O(3)
28CREFIBridgeport Distribution Center003/06/31No03/06/3110,075,345 60.0%L(24),Def(92),O(4)
29CREFI303 3rd Street003/06/31No03/06/319,500,000 52.6%L(24),Def(91),O(5)
30CREFI5501 New Utrecht Avenue001/06/31No01/06/319,500,000 57.2%L(26),Def(91),O(3)
31CREFIHamden Self Storage003/06/31No03/06/317,511,012 49.1%L(24),Def(92),O(4)
 A-1-9 

 

ANNEX A-1

 

           
   Grace Period  Final  Maturity/ARD MaturityPrepayment
Loan #Seller(1)Property Name (Default)(12)Maturity DateARD LoanMat DateBalance ($)(6) LTV %(5)Provision (Payments)(13)
32JPMCBBristol Park003/01/31No03/01/318,515,000 65.5%L(25),Grtr1%orYM(91),O(4)
33GACC6450 Industrial003/06/31No03/06/316,954,011 54.1%L(24),Def(91),O(5)
34CREFI651 Bushwick Avenue003/06/31No03/06/317,000,000 56.5%L(24),Def(93),O(3)
35GSMCGrocery Outlet Truckee003/06/31No03/06/316,600,000 50.0%L(24),Def(89),O(7)
36JPMCBHoliday Inn Philadelphia South011/01/28No11/01/285,380,813 53.8%L(25),Grtr1%orYM(92),O(3)
37CREFICVS Valley Stream003/06/31No03/06/316,180,000 60.6%L(24),Def(92),O(4)
38CREFIDeschutes Business Center003/06/31No03/06/315,500,000 57.9%L(24),Def(92),O(4)
39CREFIThe Cove Storage Portfolio003/06/31No03/06/314,384,297 56.2%L(24),Def(92),O(4)
39.01CREFIJames Road    1,864,834   
39.02CREFIGreen Cove Road    1,653,802   
39.03CREFITaylor Lane    865,662   
40CREFIScotsman Self Storage002/06/31No02/06/312,647,543 60.2%L(25),Def(91),O(4)
           
 A-1-10 

 

ANNEX A-1

 

  HISTORICAL FINANCIALS(14)
                
   201720172017201820182018201920192019Most RecentMost RecentMost Recent 
Loan #Seller(1)Property NameRevenues ($)Total Expenses ($)NOI ($)Revenues ($)Total Expenses ($)NOI ($)Revenues ($)Total Expenses ($)NOI ($) Revenues ($) Total Expenses ($)NOI ($)(15)As of
1JPMCB410 Tenth Avenue             
2CREFI/GACCMGM Grand & Mandalay Bay2,161,960,1651,556,922,957605,037,2082,191,540,5301,574,171,264617,369,2662,106,295,4881,586,215,135520,080,3531,157,516,861935,475,514222,041,34709/30/20
2.01CREFI/GACCMGM Grand1,179,680,639834,995,842344,684,7971,226,105,346854,539,115371,566,2311,161,850,748879,242,083282,608,665662,869,240533,910,560128,958,68009/30/20
2.02CREFI/GACCMandalay Bay982,279,526721,927,115260,352,411965,435,184719,632,149245,803,035944,444,740706,973,052237,471,688494,647,621401,564,95493,082,66709/30/20
3GSMCPhillips Point23,410,0188,783,99814,626,02025,191,7749,017,79116,173,98325,024,4869,421,01715,603,46926,444,3489,026,74117,417,60711/30/20
4CREFI141 Livingston11,740,4713,188,7198,551,75211,375,3143,307,7388,067,57611,956,4053,852,4198,103,98612,497,9704,283,3978,214,57309/30/20
5JPMCBPittock Block13,166,4693,537,7679,628,70214,107,3195,034,8769,072,44315,357,1445,337,32910,019,81516,674,6005,627,16211,047,43811/30/20
6CREFI/JPMCBThe Galleria Office Towers26,749,29213,278,24213,471,05028,701,34313,539,62415,161,71926,285,76713,909,98412,375,78325,710,71813,251,71412,459,00412/31/20
6.01CREFI/JPMCBGalleria Tower I11,076,2416,085,5144,990,72813,159,8146,172,9686,986,84613,355,5466,322,0967,033,45014,475,0066,136,7418,338,26512/31/20
6.02CREFI/JPMCBGalleria Tower II8,621,7293,923,6864,698,0438,239,6314,058,6604,180,9717,540,5394,118,5723,421,9677,275,5703,976,2063,299,36412/31/20
6.03CREFI/JPMCBGalleria Financial Center7,051,3213,269,0423,782,2797,301,8983,307,9963,993,9025,389,6823,469,3161,920,3663,960,1423,138,768821,37412/31/20
7GSMCU.S. Industrial Portfolio VI             
7.01GSMCTrue Value             
7.02GSMCBelnick             
7.03GSMCTufco - 3161 South Ridge Road             
7.04GSMCPro Con - 109 Maplewood Drive             
7.05GSMCTotal Logistics             
7.06GSMCPro Con - 2441 East Glendale Avenue             
7.07GSMCAmaray             
7.08GSMCPro Con - 2430 East Glendale Avenue             
7.09GSMCTufco - 1205 Burris Road             
7.10GSMCTufco - 1055 Parkview Road             
8CREFIBoca Office Portfolio11,976,3795,035,2736,941,10613,568,3075,056,1538,512,15414,625,3105,697,6758,927,63513,895,1915,846,9698,048,22212/31/20
8.01CREFIBoardwalk @ 18th2,129,8181,303,210826,6083,984,5651,248,8162,735,7494,494,0331,328,6563,165,3773,992,3871,521,7842,470,60312/31/20
8.02CREFIFountains Center4,717,1081,845,2972,871,8114,595,1371,911,7292,683,4084,608,7602,215,4702,393,2904,444,7682,140,2942,304,47412/31/20
8.03CREFICity National Park3,821,6351,309,0852,512,5503,526,4541,319,3632,207,0913,987,8121,490,0222,497,7903,692,5761,598,1812,094,39512/31/20
8.04CREFIGrove Centre1,307,818577,682730,1361,462,151576,246885,9051,534,705663,527871,1781,765,460586,7111,178,74912/31/20
9CREFIGestamp Automocion SLB             
10JPMCB30 Hudson Yards 67             
11GSMCDawson Marketplace   4,313,060839,5353,473,5254,922,998957,6373,965,3614,587,733916,7213,671,01212/31/20
12GACC8670 Wilshire3,530,532885,9072,644,6253,708,2991,074,2982,634,0013,954,4641,103,8052,850,6583,925,2441,099,5812,825,66312/31/20
13GSMCJW Marriott Nashville      93,677,19765,123,52728,553,67048,245,22140,461,8207,783,40109/30/20
14CREFIMorgan Stanley Tower4,812,7971,947,4772,865,3195,062,0672,045,7333,016,3345,267,9532,071,1983,196,7555,565,1582,192,1043,373,05312/31/20
15JPMCBThe Village at Meridian19,006,6968,151,81310,854,88318,970,1398,128,28010,841,85920,491,1967,886,17312,605,02321,395,6167,579,29413,816,32210/31/20
16GSMCMillennium Corporate Park12,492,1372,779,1479,712,99013,171,3553,120,39210,050,96314,163,5013,148,26611,015,23514,590,4823,260,79911,329,68310/31/20
17GSMC711 Fifth Avenue62,723,55517,358,03745,365,51863,038,69518,950,12944,088,56669,563,59020,967,24148,596,34969,551,47522,478,88347,072,59209/30/20
18JPMCBOakland Commons I&II   4,537,0612,250,6392,286,4224,486,0441,999,7432,486,3014,577,5231,992,1782,585,34512/31/20
19GACCOrlando Technology Park2,407,985911,0991,496,8872,834,2831,058,1791,776,1043,641,0461,058,1082,582,9383,717,6081,120,1112,597,49711/30/20
20GACCWoodbury Crossing Phase II         1,104,528281,915822,61312/31/20
21CREFIAdvanced Energy   1,749,114524,5201,224,5941,795,172587,3041,207,8671,860,489617,7031,242,78511/30/20
22CREFIValue Store It Miami      1,789,933646,2501,143,6831,948,939645,3671,303,57201/31/21
23GSMCWilloughby Commons4,700,6191,259,3093,441,3104,806,4321,218,1023,588,330   4,230,4761,041,5123,188,96409/30/20
24JPMCBCamellia Trace         2,364,409941,1581,423,25112/31/20
25GACCDollar General Portfolio             
25.01GACCRobinsonville             
25.02GACCSaint Mary’s             
25.03GACCAlexandria (Carlos)             
25.04GACCSt. Martinville             
25.05GACCFife Lake             
25.06GACCWaubun             
25.07GACCLake Village             
25.08GACCNew Era             
25.09GACCMooers             
25.10GACCHinckley             
25.11GACCCenter             
25.12GACCLepanto             
25.13GACCEdgemont             
25.14GACCLouisa             
25.15GACCPrue             
26CREFI9633 Westheimer Road             
27CREFI46-50 East 167th Street   1,325,543247,8011,077,7421,380,859301,2061,079,6531,408,614334,1841,074,43012/31/20
28CREFIBridgeport Distribution Center         2,227,759717,3511,510,40812/31/20
29CREFI303 3rd Street      459,965120,962339,003597,433137,716459,71712/31/20
30CREFI5501 New Utrecht Avenue             
31CREFIHamden Self Storage1,312,388511,011801,3781,445,300614,060831,2401,394,820557,091837,7281,430,631520,463910,16812/31/20
 A-1-11 

 

ANNEX A-1

 

   HISTORICAL FINANCIALS(14)
   201720172017201820182018201920192019Most RecentMost RecentMost Recent 
Loan #Seller(1)Property NameRevenues ($)Total Expenses ($)NOI ($)Revenues ($)Total Expenses ($)NOI ($)Revenues ($)Total Expenses ($)NOI ($) Revenues ($) Total Expenses ($)NOI ($)(15)As of
32JPMCBBristol Park         1,362,204598,956763,24812/31/20
33GACC6450 Industrial      807,913 807,9131,089,69217,7391,071,95212/31/20
34CREFI651 Bushwick Avenue             
35GSMCGrocery Outlet Truckee             
36JPMCBHoliday Inn Philadelphia South4,495,2733,920,032575,2414,653,6033,828,948824,6553,958,1553,634,530323,6252,830,1152,524,561305,55401/31/21
37CREFICVS Valley Stream767,687196,986570,701810,210196,990613,220833,750187,230646,520879,778186,221693,55711/30/20
38CREFIDeschutes Business Center      797,054367,671429,383902,955313,178589,77712/31/20
39CREFIThe Cove Storage Portfolio   677,961206,874471,087681,821203,312478,509688,891221,936466,95510/31/20
39.01CREFIJames Road   277,56386,497191,066281,08983,834197,255280,95483,342197,61210/31/20
39.02CREFIGreen Cove Road   249,88262,010187,872250,19662,190188,006253,25474,486178,76810/31/20
39.03CREFITaylor Lane   150,51658,36792,149150,53657,28793,249154,68364,10890,57510/31/20
40CREFIScotsman Self Storage      424,591113,488311,102415,327118,466296,86110/31/20
 A-1-12 

 

ANNEX A-1

 

               
   UW            
   EconomicUWUW TotalUWUW CapitalUWUWUW NCFUW NOIUW NCF Ground LeaseGround Lease
Loan #Seller(1)Property NameOccupancy %Revenues ($)(4)Expenses ($)NOI ($)(4)(15)(16) Items ($)NCF ($)(4)(16) NOI DSCR(17)DSCR(17)Debt Yield % Debt Yield %Title Type(3)(18) Expiration Extension Terms
1JPMCB410 Tenth Avenue98.0%63,431,01314,141,03749,289,976284,37549,005,6014.944.9113.0%12.9%Fee  
2CREFI/GACCMGM Grand & Mandalay Bay92.1%2,106,295,4881,586,215,135520,080,35332,774,592487,305,7614.954.9517.9%17.9%Fee  
2.01CREFI/GACCMGM Grand91.4%1,161,850,748879,242,083282,608,66516,011,953266,596,712    Fee  
2.02CREFI/GACCMandalay Bay92.8%944,444,740706,973,052237,471,68816,762,639220,709,049    Fee  
3GSMCPhillips Point92.5%28,497,5049,339,81519,157,689491,78518,665,9042.852.789.7%9.4%Fee  
4CREFI141 Livingston95.0%14,702,0755,797,6458,904,430701,5518,202,8792.742.528.9%8.2%Fee  
5JPMCBPittock Block72.5%18,158,6265,574,34612,584,281803,78811,780,4932.672.508.9%8.4%Fee  
6CREFI/JPMCBThe Galleria Office Towers68.7%25,273,33113,960,63211,312,6991,979,4109,333,2892.081.7112.6%10.4%Fee  
6.01CREFI/JPMCBGalleria Tower I78.4%14,068,7466,512,2907,556,4561,000,1256,556,331    Fee  
6.02CREFI/JPMCBGalleria Tower II65.3%6,843,7314,135,6792,708,052708,8171,999,236    Fee  
6.03CREFI/JPMCBGalleria Financial Center51.9%4,360,8553,312,6641,048,191270,468777,722    Fee  
7GSMCU.S. Industrial Portfolio VI91.9%8,943,989268,3208,675,669857,8957,817,7752.842.5610.7%9.7%Fee  
7.01GSMCTrue Value92.9%2,406,94672,2082,334,737396,5191,938,218    Fee  
7.02GSMCBelnick95.6%1,779,18453,3761,725,809141,4281,584,381    Fee  
7.03GSMCTufco - 3161 South Ridge Road95.0%1,130,86733,9261,096,94176,6921,020,249    Fee  
7.04GSMCPro Con - 109 Maplewood Drive97.0%824,58424,738799,84760,818739,029    Fee  
7.05GSMCTotal Logistics96.3%754,06122,622731,43925,454705,985    Fee  
7.06GSMCPro Con - 2441 East Glendale Avenue97.0%691,81620,754671,06251,072619,990    Fee  
7.07GSMCAmaray95.0%645,16419,355625,80956,520569,289    Fee  
7.08GSMCPro Con - 2430 East Glendale Avenue97.0%491,97214,759477,21236,626440,586    Fee  
7.09GSMCTufco - 1205 Burris Road0.0%00000    Fee  
7.10GSMCTufco - 1055 Parkview Road95.0%219,3956,582212,81312,766200,047    Fee  
8CREFIBoca Office Portfolio92.6%16,623,4466,161,98110,461,465538,8469,922,6192.592.4610.6%10.0%Fee  
8.01CREFIBoardwalk @ 18th95.0%4,793,0551,573,7413,219,314165,6673,053,647    Fee  
8.02CREFIFountains Center86.9%5,288,4442,332,3142,956,130167,7042,788,425    Fee  
8.03CREFICity National Park97.6%4,752,9271,662,8363,090,091149,4832,940,608    Fee  
8.04CREFIGrove Centre91.6%1,789,020593,0911,195,93055,9921,139,938    Fee  
9CREFIGestamp Automocion SLB95.0%5,177,982823,1124,354,870248,1824,106,6871.611.528.8%8.3%Fee/Leasehold  
10JPMCB30 Hudson Yards 6795.0%6,405,9451,700,4254,705,52053,9454,651,5751.941.926.6%6.6%Fee  
11GSMCDawson Marketplace94.5%5,493,0941,083,9654,409,129347,6324,061,4982.802.5810.1%9.3%Fee  
12GACC8670 Wilshire95.0%4,407,2861,104,4283,302,85860,6243,242,2342.031.997.8%7.6%Fee  
13GSMCJW Marriott Nashville85.8%94,449,84366,104,69828,345,1453,777,99424,567,1514.814.1715.3%13.3%Fee/Leasehold03/06/2030Four, 10-year options
14CREFIMorgan Stanley Tower93.0%5,714,3072,078,5013,635,806278,8133,356,9931.981.8310.7%9.9%Fee/Leasehold07/30/2059None
15JPMCBThe Village at Meridian81.4%20,128,0937,548,85512,579,238547,25312,031,9855.375.1419.1%18.2%Fee  
16GSMCMillennium Corporate Park96.0%16,787,5093,539,01613,248,492528,01012,720,4833.263.1310.0%9.6%Fee  
17GSMC711 Fifth Avenue90.6%74,193,55322,888,76951,304,783629,35650,675,4272.942.909.4%9.3%Fee  
18JPMCBOakland Commons I&II77.2%4,486,2322,020,5202,465,712132,2712,333,4411.731.6310.1%9.6%Fee  
19GACCOrlando Technology Park90.7%4,071,8331,281,1772,790,656152,7782,637,8782.142.0311.6%10.9%Fee  
20GACCWoodbury Crossing Phase II95.0%2,279,577526,1841,753,39222,5001,730,8921.991.968.6%8.5%Fee  
21CREFIAdvanced Energy95.0%2,312,818627,1511,685,66748,8291,636,8381.631.589.2%8.9%Fee  
22CREFIValue Store It Miami88.6%2,105,866663,5481,442,31811,9851,430,3332.322.308.5%8.4%Fee  
23GSMCWilloughby Commons95.0%5,143,7741,681,9133,461,862168,2023,293,6591.631.559.4%8.9%Fee  
24JPMCBCamellia Trace95.0%2,423,878949,4291,474,44853,0001,421,4482.692.599.4%9.1%Fee  
25GACCDollar General Portfolio95.0%1,302,02339,0611,262,96220,8521,242,1102.852.819.1%9.0%Fee  
25.01GACCRobinsonville          Fee  
25.02GACCSaint Mary’s          Fee  
25.03GACCAlexandria (Carlos)          Fee  
25.04GACCSt. Martinville          Fee  
25.05GACCFife Lake          Fee  
25.06GACCWaubun          Fee  
25.07GACCLake Village          Fee  
25.08GACCNew Era          Fee  
25.09GACCMooers          Fee  
25.10GACCHinckley          Fee  
25.11GACCCenter          Fee  
25.12GACCLepanto          Fee  
25.13GACCEdgemont          Fee  
25.14GACCLouisa          Fee  
25.15GACCPrue          Fee  
26CREFI9633 Westheimer Road95.0%1,725,297520,0201,205,27765,5901,139,6872.232.118.8%8.3%Fee  
27CREFI46-50 East 167th Street97.4%1,475,871359,4001,116,47124,5361,091,9352.112.068.2%8.0%Fee  
28CREFIBridgeport Distribution Center95.0%2,211,721760,6721,451,049148,6131,302,4372.211.9912.4%11.1%Fee  
29CREFI303 3rd Street95.0%1,134,345295,003839,34246,975792,3672.372.248.8%8.3%Fee  
30CREFI5501 New Utrecht Avenue95.0%923,884126,423797,46136,055761,4062.192.098.4%8.0%Fee  
31CREFIHamden Self Storage81.7%1,430,631566,999863,63241,184822,4481.611.549.9%9.4%Fee  
 A-1-13 

 

ANNEX A-1

 

   UW            
   EconomicUWUW TotalUWUW CapitalUWUWUW NCFUW NOIUW NCF Ground LeaseGround Lease
Loan #Seller(1)Property NameOccupancy %Revenues ($)(4)Expenses ($)NOI ($)(4)(15)(16) Items ($)NCF ($)(4)(16) NOI DSCR(17)DSCR(17)Debt Yield % Debt Yield %Title Type(3)(18) Expiration Extension Terms
32JPMCBBristol Park94.5%1,397,074587,820809,25428,000781,2542.672.589.5%9.2%Fee  
33GACC6450 Industrial95.0%1,243,812215,0631,028,74957,049971,6992.322.1913.4%12.7%Fee  
34CREFI651 Bushwick Avenue95.0%679,531135,327544,20415,567528,6381.961.907.8%7.6%Fee  
35GSMCGrocery Outlet Truckee95.0%848,803192,797656,00610,535645,4712.552.519.9%9.8%Fee  
36JPMCBHoliday Inn Philadelphia South59.8%4,653,6033,874,359779,2440779,2441.821.8212.4%12.4%Fee  
37CREFICVS Valley Stream97.5%675,544175,710499,8357,868491,9661.991.968.1%8.0%Fee  
38CREFIDeschutes Business Center88.1%877,062323,053554,00936,702517,3072.632.4510.1%9.4%Fee  
39CREFIThe Cove Storage Portfolio81.9%688,891238,375450,51611,085439,4311.581.548.9%8.6%Fee  
39.01CREFIJames Road82.6%280,95490,436190,5185,045185,473    Fee  
39.02CREFIGreen Cove Road79.9%253,25481,214172,0413,700168,341    Fee  
39.03CREFITaylor Lane84.3%154,68366,72687,9572,34085,617    Fee  
40CREFIScotsman Self Storage90.0%404,447122,888281,5594,450277,1091.661.639.1%9.0%Fee  
                
 A-1-14 

 

ANNEX A-1

 

              
   Franchise  Upfront CapexUpfront Engin.Upfront Envir.Upfront TI/LCUpfront RE TaxUpfront Ins.Upfront Debt ServiceUpfront Other
Loan #Seller(1)Property NameExpiration Date(19)PML % Reserve ($)Reserve ($) Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)
1JPMCB410 Tenth Avenue   10,6470053,233379,54878,467092,879,875
2CREFI/GACCMGM Grand & Mandalay Bay   00000000
2.01CREFI/GACCMGM Grand           
2.02CREFI/GACCMandalay Bay           
3GSMCPhillips Point   0768,88106,650,0000001,556,161
4CREFI141 Livingston   000070,582000
5JPMCBPittock Block 16% 0000001,512,0307,500,000
6CREFI/JPMCBThe Galleria Office Towers   0006,000,0001,133,321002,290,985
6.01CREFI/JPMCBGalleria Tower I           
6.02CREFI/JPMCBGalleria Tower II           
6.03CREFI/JPMCBGalleria Financial Center           
7GSMCU.S. Industrial Portfolio VI   0000000701,088
7.01GSMCTrue Value           
7.02GSMCBelnick           
7.03GSMCTufco - 3161 South Ridge Road           
7.04GSMCPro Con - 109 Maplewood Drive           
7.05GSMCTotal Logistics           
7.06GSMCPro Con - 2441 East Glendale Avenue           
7.07GSMCAmaray           
7.08GSMCPro Con - 2430 East Glendale Avenue           
7.09GSMCTufco - 1205 Burris Road           
7.10GSMCTufco - 1055 Parkview Road           
8CREFIBoca Office Portfolio   018,7556,7501,500,000609,7581,008,9481,000,000211,000
8.01CREFIBoardwalk @ 18th           
8.02CREFIFountains Center           
8.03CREFICity National Park           
8.04CREFIGrove Centre           
9CREFIGestamp Automocion SLB   00000000
10JPMCB30 Hudson Yards 67   0000143,65097,65304,868,592
11GSMCDawson Marketplace   0000139,820006,475,815
12GACC8670 Wilshire 17% 0000039,3660617,517
13GSMCJW Marriott Nashville07/01/2048  1,875,692000008,831,7070
14CREFIMorgan Stanley Tower   000643,632185,636122,1330489,553
15JPMCBThe Village at Meridian   00000003,742,823
16GSMCMillennium Corporate Park 9% 00000009,568,123
17GSMC711 Fifth Avenue   00000003,048,024
18JPMCBOakland Commons I&II   5,26430,36001,400,000331,6700092,202
19GACCOrlando Technology Park   0001,000,000135,9020325,373456,925
20GACCWoodbury Crossing Phase II 7% 000078,669000
21CREFIAdvanced Energy   100,00000800,00029,339005,203,215
22CREFIValue Store It Miami   000017,539000
23GSMCWilloughby Commons   0110,0000825,000152,94100566,188
24JPMCBCamellia Trace   4,41771900122,71152,31900
25GACCDollar General Portfolio Various 011,0630050,00094500
25.01GACCRobinsonville           
25.02GACCSaint Mary’s           
25.03GACCAlexandria (Carlos)           
25.04GACCSt. Martinville           
25.05GACCFife Lake           
25.06GACCWaubun           
25.07GACCLake Village           
25.08GACCNew Era           
25.09GACCMooers           
25.10GACCHinckley           
25.11GACCCenter           
25.12GACCLepanto 6%         
25.13GACCEdgemont           
25.14GACCLouisa           
25.15GACCPrue           
26CREFI9633 Westheimer Road   01,25000103,03640,77700
27CREFI46-50 East 167th Street   000073,1594,754260,832172,000
28CREFIBridgeport Distribution Center   000650,00064,8988,60100
29CREFI303 3rd Street 8% 000019,5810174,325467,562
30CREFI5501 New Utrecht Avenue   000016,9394,180179,550200,259
31CREFIHamden Self Storage   0168,50022,500100,00045,12614,70601,275,000
 A-1-15 

 

ANNEX A-1

 

              
   Franchise  Upfront CapexUpfront Engin.Upfront Envir.Upfront TI/LCUpfront RE TaxUpfront Ins.Upfront Debt ServiceUpfront Other
Loan #Seller(1)Property NameExpiration Date(19)PML % Reserve ($)Reserve ($) Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)
32JPMCBBristol Park   2,33300076,06233,94400
33GACC6450 Industrial   06,6170005,2800589,825
34CREFI651 Bushwick Avenue   06,3750019,31811,3990409,023
35GSMCGrocery Outlet Truckee 8% 000003,95300
36JPMCBHoliday Inn Philadelphia South10/15/2033  000011,8000427,0002,427,500
37CREFICVS Valley Stream   000010,030000
38CREFIDeschutes Business Center 4% 026,6790300,00031,829000
39CREFIThe Cove Storage Portfolio   71,346165,444009,756000
39.01CREFIJames Road           
39.02CREFIGreen Cove Road           
39.03CREFITaylor Lane           
40CREFIScotsman Self Storage   96,67510,594004,613000
 A-1-16 

 

ANNEX A-1

 

   UPFRONT ESCROW(20)
    
   Other Upfront
Loan #Seller(1)Property NameDescription ($)
1JPMCB410 Tenth AvenueFree Rent Reserve: 57,700,000; Outstanding TI/LC Reserve: 35,179,874.66
2CREFI/GACCMGM Grand & Mandalay Bay 
2.01CREFI/GACCMGM Grand 
2.02CREFI/GACCMandalay Bay 
3GSMCPhillips PointUnfunded Obligations Reserve
4CREFI141 Livingston 
5JPMCBPittock BlockHoldback Reserve
6CREFI/JPMCBThe Galleria Office TowersUnfunded Obligations Reserve: 2,192,842; Condo Reserve: 98,143.16
6.01CREFI/JPMCBGalleria Tower I 
6.02CREFI/JPMCBGalleria Tower II 
6.03CREFI/JPMCBGalleria Financial Center 
7GSMCU.S. Industrial Portfolio VIUnfunded Obligations Reserve
7.01GSMCTrue Value 
7.02GSMCBelnick 
7.03GSMCTufco - 3161 South Ridge Road 
7.04GSMCPro Con - 109 Maplewood Drive 
7.05GSMCTotal Logistics 
7.06GSMCPro Con - 2441 East Glendale Avenue 
7.07GSMCAmaray 
7.08GSMCPro Con - 2430 East Glendale Avenue 
7.09GSMCTufco - 1205 Burris Road 
7.10GSMCTufco - 1055 Parkview Road 
8CREFIBoca Office PortfolioUnfunded Obligations Reserve
8.01CREFIBoardwalk @ 18th 
8.02CREFIFountains Center 
8.03CREFICity National Park 
8.04CREFIGrove Centre 
9CREFIGestamp Automocion SLB 
10JPMCB30 Hudson Yards 67Outstanding TI/LC Reserve: 4,799,293; Condominium Reserve: 69,299
11GSMCDawson MarketplaceUnfunded Obligations Reserve
12GACC8670 WilshireRent Holdback Reserve: 373,770.96; Rent Replication Reserve: 243,746
13GSMCJW Marriott Nashville 
14CREFIMorgan Stanley TowerUnfunded Obligations Reserve: 356,368; Rent Concessions Reserve: 133,185
15JPMCBThe Village at MeridianGap Rent
16GSMCMillennium Corporate ParkUnfunded Obligations Reserve
17GSMC711 Fifth AvenueTCO Renewal Reserve: 2,000,000; Unfunded Obligations Reserve: 1,048,024.18
18JPMCBOakland Commons I&IIOutstanding TI Reserve: 74,622; Free Rent Reserve: 17,580
19GACCOrlando Technology ParkOutstanding TI/LC Reserve: 396,441.50; Free Rent Reserve: 60,483
20GACCWoodbury Crossing Phase II 
21CREFIAdvanced EnergyUnfunded Obligations Reserve
22CREFIValue Store It Miami 
23GSMCWilloughby CommonsCritical Tenant Reserve: 496,188; Unfunded Obligations Reserve: 70,000
24JPMCBCamellia Trace 
25GACCDollar General Portfolio 
25.01GACCRobinsonville 
25.02GACCSaint Mary’s 
25.03GACCAlexandria (Carlos) 
25.04GACCSt. Martinville 
25.05GACCFife Lake 
25.06GACCWaubun 
25.07GACCLake Village 
25.08GACCNew Era 
25.09GACCMooers 
25.10GACCHinckley 
25.11GACCCenter 
25.12GACCLepanto 
25.13GACCEdgemont 
25.14GACCLouisa 
25.15GACCPrue 
26CREFI9633 Westheimer Road 
27CREFI46-50 East 167th StreetDesignated Tenant Reserve: 100,000; Unfunded Obligations Reserve: 72,000
28CREFIBridgeport Distribution Center 
29CREFI303 3rd StreetUnfunded Obligations Reserve: 395,580; Gap Rent Reserve: 71,982
30CREFI5501 New Utrecht AvenueICAP Tax Reserve
31CREFIHamden Self StorageEconomic Holdback Reserve: 750,000; Roof Replacement Reserve: 500,000; Subway HVAC Replacement Reserve: 25,000
 A-1-17 

 

ANNEX A-1

 

   UPFRONT ESCROW(20)
   Other Upfront
Loan #Seller(1)Property NameDescription ($)
32JPMCBBristol Park 
33GACC6450 IndustrialHVAC Work Reserve: 479,820; Roof Work Reserve: 110,005
34CREFI651 Bushwick AvenueSection 421(a) Reserve: 226,823; Rent Concession Reserve: 182,200
35GSMCGrocery Outlet Truckee 
36JPMCBHoliday Inn Philadelphia SouthPIP Reserve
37CREFICVS Valley Stream 
38CREFIDeschutes Business Center 
39CREFIThe Cove Storage Portfolio 
39.01CREFIJames Road 
39.02CREFIGreen Cove Road 
39.03CREFITaylor Lane 
40CREFIScotsman Self Storage 
    
 A-1-18 

 

ANNEX A-1

 

   MONTHLY ESCROW(21) 
            
    Monthly CapexMonthly Envir.Monthly TI/LCMonthly RE TaxMonthly Ins.Monthly OtherOther Monthly 
Loan #Seller(1)Property Name Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)Description ($) 
1JPMCB410 Tenth Avenue 10,6470Springing378,49678,467SpringingBase Building Capital Expenditure Reserve 
2CREFI/GACCMGM Grand & Mandalay Bay Springing00SpringingSpringing0  
2.01CREFI/GACCMGM Grand         
2.02CREFI/GACCMandalay Bay         
3GSMCPhillips Point 00SpringingSpringingSpringing0  
4CREFI141 Livingston Springing0017,646SpringingSpringingRenewal Tenant Reserve 
5JPMCBPittock Block Springing0SpringingSpringingSpringing0  
6CREFI/JPMCBThe Galleria Office Towers 21,990088,973283,330SpringingSpringingCondo Reserve 
6.01CREFI/JPMCBGalleria Tower I         
6.02CREFI/JPMCBGalleria Tower II         
6.03CREFI/JPMCBGalleria Financial Center         
7GSMCU.S. Industrial Portfolio VI Springing0SpringingSpringingSpringing0  
7.01GSMCTrue Value         
7.02GSMCBelnick         
7.03GSMCTufco - 3161 South Ridge Road         
7.04GSMCPro Con - 109 Maplewood Drive         
7.05GSMCTotal Logistics         
7.06GSMCPro Con - 2441 East Glendale Avenue         
7.07GSMCAmaray         
7.08GSMCPro Con - 2430 East Glendale Avenue         
7.09GSMCTufco - 1205 Burris Road         
7.10GSMCTufco - 1055 Parkview Road         
8CREFIBoca Office Portfolio 10,614042,877152,43984,0790  
8.01CREFIBoardwalk @ 18th         
8.02CREFIFountains Center         
8.03CREFICity National Park         
8.04CREFIGrove Centre         
9CREFIGestamp Automocion SLB Springing00SpringingSpringing0  
10JPMCB30 Hudson Yards 67 Springing0047,8837,5120  
11GSMCDawson Marketplace 2,944011,77634,955Springing0  
12GACC8670 Wilshire 8420Springing17,5614,3740  
13GSMCJW Marriott Nashville Springing00SpringingSpringing0  
14CREFIMorgan Stanley Tower 3,128023,46237,1279,395SpringingParking Lease Reserve: Springing; Morgan Stanley Rent Concession Reserve: Springing 
15JPMCBThe Village at Meridian Springing0SpringingSpringingSpringing0  
16GSMCMillennium Corporate Park Springing0SpringingSpringingSpringingSpringingMicrosoft Rollover Reserve 
17GSMC711 Fifth Avenue Springing0SpringingSpringingSpringingSpringingDowngraded Tenant Reserve 
18JPMCBOakland Commons I&II 5,264035,53264,835Springing0  
19GACCOrlando Technology Park 2,9740Springing27,180Springing0  
20GACCWoodbury Crossing Phase II 1,8750015,7342,5580  
21CREFIAdvanced Energy Springing0Springing29,339Springing0  
22CREFIValue Store It Miami 9990017,539Springing0  
23GSMCWilloughby Commons 5,2740Springing21,849Springing0  
24JPMCBCamellia Trace 4,4170020,4525,8130  
25GACCDollar General Portfolio Springing0Springing20,000945SpringingLease Sweep Reserve 
25.01GACCRobinsonville         
25.02GACCSaint Mary’s         
25.03GACCAlexandria (Carlos)         
25.04GACCSt. Martinville         
25.05GACCFife Lake         
25.06GACCWaubun         
25.07GACCLake Village         
25.08GACCNew Era         
25.09GACCMooers         
25.10GACCHinckley         
25.11GACCCenter         
25.12GACCLepanto         
25.13GACCEdgemont         
25.14GACCLouisa         
25.15GACCPrue         
26CREFI9633 Westheimer Road 1,0250Springing20,6075,825SpringingRoof Replacement Reserve 
27CREFI46-50 East 167th Street 33102,76024,3862,3770  
28CREFIBridgeport Distribution Center 5,090012,72521,6334,3010  
29CREFI303 3rd Street 37701,8876,527Springing0  
30CREFI5501 New Utrecht Avenue 35302,6528,4691,393SpringingCondominium Assessment Reserve 
31CREFIHamden Self Storage 1,41402,82011,2814,9020  
 A-1-19 

 

ANNEX A-1

 

    MONTHLY ESCROW(21) 
    Monthly CapexMonthly Envir.Monthly TI/LCMonthly RE TaxMonthly Ins.Monthly OtherOther Monthly 
Loan #Seller(1)Property Name Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)Reserve ($)Description ($) 
32JPMCBBristol Park 2,3330010,8663,7720  
33GACC6450 Industrial 5,42407,07511,9902,6400  
34CREFI651 Bushwick Avenue 49708014,8291,425SpringingSection 421(a) Reserve 
35GSMCGrocery Outlet Truckee 26400Springing1,9760  
36JPMCBHoliday Inn Philadelphia South 7,4920012,253Springing0  
37CREFICVS Valley Stream Springing0Springing10,030Springing0  
38CREFIDeschutes Business Center 1,34702,7766,366Springing0  
39CREFIThe Cove Storage Portfolio 924001,951Springing0  
39.01CREFIJames Road         
39.02CREFIGreen Cove Road         
39.03CREFITaylor Lane         
40CREFIScotsman Self Storage 371002,307Springing0  
            
 A-1-20 

 

ANNEX A-1

 

   RESERVE CAPS(22)  
             
    CapExEnvir.TI/LCRE TaxInsur.Debt ServiceOther Single
Loan #Seller(1)Property Name  Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Tenant
1JPMCB410 Tenth Avenue         No
2CREFI/GACCMGM Grand & Mandalay Bay         No
2.01CREFI/GACCMGM Grand         No
2.02CREFI/GACCMandalay Bay         No
3GSMCPhillips Point   6,650,000     No
4CREFI141 Livingston         No
5JPMCBPittock Block         No
6CREFI/JPMCBThe Galleria Office Towers   8,000,000     No
6.01CREFI/JPMCBGalleria Tower I         No
6.02CREFI/JPMCBGalleria Tower II         No
6.03CREFI/JPMCBGalleria Financial Center         No
7GSMCU.S. Industrial Portfolio VI 894,587 1,789,173     Yes
7.01GSMCTrue Value         Yes
7.02GSMCBelnick         Yes
7.03GSMCTufco - 3161 South Ridge Road         Yes
7.04GSMCPro Con - 109 Maplewood Drive         Yes
7.05GSMCTotal Logistics         Yes
7.06GSMCPro Con - 2441 East Glendale Avenue         Yes
7.07GSMCAmaray         Yes
7.08GSMCPro Con - 2430 East Glendale Avenue         Yes
7.09GSMCTufco - 1205 Burris Road         Yes
7.10GSMCTufco - 1055 Parkview Road         Yes
8CREFIBoca Office Portfolio   3,000,000     No
8.01CREFIBoardwalk @ 18th         No
8.02CREFIFountains Center         No
8.03CREFICity National Park         No
8.04CREFIGrove Centre         No
9CREFIGestamp Automocion SLB         Yes
10JPMCB30 Hudson Yards 67         Yes
11GSMCDawson Marketplace   706,540     No
12GACC8670 Wilshire 200,000       No
13GSMCJW Marriott Nashville         No
14CREFIMorgan Stanley Tower   2,000,000     No
15JPMCBThe Village at Meridian 126,288 1,683,864     No
16GSMCMillennium Corporate Park         No
17GSMC711 Fifth Avenue 170,012 1,020,072     No
18JPMCBOakland Commons I&II   1,750,000     No
19GACCOrlando Technology Park   1,000,000 unless the DSCR falls below 1.50x     No
20GACCWoodbury Crossing Phase II 67,500       No
21CREFIAdvanced Energy 100,000 800,000     Yes
22CREFIValue Store It Miami 35,955       No
23GSMCWilloughby Commons 350,000 825,000     No
24JPMCBCamellia Trace         No
25GACCDollar General Portfolio         Yes
25.01GACCRobinsonville         Yes
25.02GACCSaint Mary’s         Yes
25.03GACCAlexandria (Carlos)         Yes
25.04GACCSt. Martinville         Yes
25.05GACCFife Lake         Yes
25.06GACCWaubun         Yes
25.07GACCLake Village         Yes
25.08GACCNew Era         Yes
25.09GACCMooers         Yes
25.10GACCHinckley         Yes
25.11GACCCenter         Yes
25.12GACCLepanto         Yes
25.13GACCEdgemont         Yes
25.14GACCLouisa         Yes
25.15GACCPrue         Yes
26CREFI9633 Westheimer Road 24,600       No
27CREFI46-50 East 167th Street   165,600     No
28CREFIBridgeport Distribution Center   800,000     No
29CREFI303 3rd Street         No
30CREFI5501 New Utrecht Avenue   159,120     No
31CREFIHamden Self Storage   338,000     No
 A-1-21 

 

ANNEX A-1

 

    RESERVE CAPS(22)  
    CapExEnvir.TI/LCRE TaxInsur.Debt ServiceOther Single
Loan #Seller(1)Property Name  Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Tenant
32JPMCBBristol Park         No
33GACC6450 Industrial         Yes
34CREFI651 Bushwick Avenue         No
35GSMCGrocery Outlet Truckee 9,516       No
36JPMCBHoliday Inn Philadelphia South         No
37CREFICVS Valley Stream         Yes
38CREFIDeschutes Business Center 60,450       No
39CREFIThe Cove Storage Portfolio         No
39.01CREFIJames Road         No
39.02CREFIGreen Cove Road         No
39.03CREFITaylor Lane         No
40CREFIScotsman Self Storage         No
             
 A-1-22 

 

ANNEX A-1

 

  LARGEST TENANT(4)(23)(24)(25) 2nd LARGEST TENANT(4)(23)(24)(25)
          
     Lease   Lease
Loan #Seller(1)Property NameLargest TenantUnit SizeExpiration 2nd Largest TenantUnit SizeExpiration
1JPMCB410 Tenth AvenueAmazon335,40805/31/37 First Republic211,52108/31/36
2CREFI/GACCMGM Grand & Mandalay Bay       
2.01CREFI/GACCMGM Grand       
2.02CREFI/GACCMandalay Bay       
3GSMCPhillips PointGunster, Yoakley, Valdes-Fauli50,80008/31/24 Akerman, Senterfitt & Eidson48,67809/30/28
4CREFI141 LivingstonCity of New York Department of Citywide Administrative Services206,08412/26/25 Smith & Livingston Parking7,56806/30/27
5JPMCBPittock BlockLS Networks15,23807/31/21 Hennebery Eddy Architects13,69607/31/27
6CREFI/JPMCBThe Galleria Office Towers       
6.01CREFI/JPMCBGalleria Tower IWeWork Companies, Inc.100,14111/30/33 Citigroup Technology49,74012/31/28
6.02CREFI/JPMCBGalleria Tower IIQuanta Services56,34503/31/22 Hoover, Slovacek49,07603/31/32
6.03CREFI/JPMCBGalleria Financial CenterSitus Holdings, LLC18,24007/31/22 Southwest Risk, LP12,16905/31/26
7GSMCU.S. Industrial Portfolio VI       
7.01GSMCTrue ValueTrue Value1,331,72702/28/29    
7.02GSMCBelnickBelnick477,15206/01/29    
7.03GSMCTufco - 3161 South Ridge RoadTufco226,90007/21/37    
7.04GSMCPro Con - 109 Maplewood DrivePro Con205,32012/30/30    
7.05GSMCTotal LogisticsTotal Logistics86,46008/31/32    
7.06GSMCPro Con - 2441 East Glendale AvenuePro Con172,26112/30/30    
7.07GSMCAmarayAmaray194,51910/31/33    
7.08GSMCPro Con - 2430 East Glendale AvenuePro Con122,50012/30/30    
7.09GSMCTufco - 1205 Burris Road       
7.10GSMCTufco - 1055 Parkview RoadTufco44,02007/21/37    
8CREFIBoca Office Portfolio       
8.01CREFIBoardwalk @ 18thWomen’s Health Partners, LLC16,66212/31/27 Carraba’s Tropical Coast5,92104/30/23
8.02CREFIFountains CenterUniversity of Miami12,98710/31/25 Madsen, Kneepers & Associates6,35012/31/24
8.03CREFICity National ParkBelux LLC (Aka Opus)17,90212/31/30 TDL Centers Inc14,06707/14/30
8.04CREFIGrove CentreSoberinves Sober Investments, LLC10,88506/30/24 Kabbalah Center4,50002/28/26
9CREFIGestamp Automocion SLBGestamp Automocion637,75012/31/40    
10JPMCB30 Hudson Yards 67Related Companies L.P.44,95402/28/39    
11GSMCDawson MarketplaceHobby Lobby55,00002/29/32 Burlington40,23202/29/28
12GACC8670 WilshireCedars-Sinai Medical Center28,83111/30/26 Specialty Surgical Center of Beverly Hills, L.P.16,87907/31/30
13GSMCJW Marriott Nashville       
14CREFIMorgan Stanley TowerMorgan Stanley Smith Barney21,85404/30/29 Enstar (US) Inc21,04403/31/26
15JPMCBThe Village at MeridianBig Al’s65,91308/31/27 Village Cinema55,30910/31/33
16GSMCMillennium Corporate ParkMicrosoft Corp.479,19304/30/28 Golder Associates, Inc.36,96503/31/24
17GSMC711 Fifth AvenueSunTrust Banks84,51604/30/24 Allen & Company70,97209/30/33
18JPMCBOakland Commons I&IILivingston International Tech35,34303/31/27 State Farm Mutual Automobile Insurance Company26,19312/31/22
19GACCOrlando Technology ParkPriority Healthcare54,59008/01/22 FARO Tech46,48103/01/25
20GACCWoodbury Crossing Phase II       
21CREFIAdvanced EnergyAdvanced Energy Industries, Inc.115,62712/31/35    
22CREFIValue Store It Miami       
23GSMCWilloughby CommonsBJ’s Wholesale Club109,75103/28/30 Giant Eagle77,50007/31/28
24JPMCBCamellia Trace       
25GACCDollar General Portfolio       
25.01GACCRobinsonvilleDollar General9,10005/31/35    
25.02GACCSaint Mary’sDollar General9,10012/13/35    
25.03GACCAlexandria (Carlos)Dollar General9,00210/31/35    
25.04GACCSt. MartinvilleDollar General9,10004/30/35    
25.05GACCFife LakeDollar General9,10010/31/35    
25.06GACCWaubunDollar General9,10011/30/35    
25.07GACCLake VillageDollar General10,56610/31/35    
25.08GACCNew EraDollar General9,02611/30/35    
25.09GACCMooersDollar General9,02604/30/35    
25.10GACCHinckleyDollar General9,10012/31/35    
25.11GACCCenterDollar General9,02611/30/35    
25.12GACCLepantoDollar General10,64011/30/35    
25.13GACCEdgemontDollar General9,00010/31/34    
25.14GACCLouisaDollar General9,10011/30/34    
25.15GACCPrueDollar General9,02601/31/35    
26CREFI9633 Westheimer RoadSwiss International42,00001/31/31 Tesla Motors TX, Inc.40,00001/31/31
27CREFI46-50 East 167th StreetCVS Pharmacy15,77001/31/34 Rainbow Apparel Companies8,23001/31/27
28CREFIBridgeport Distribution CenterL & B Cartage, Inc.416,03811/30/30 Central Warehouse Operations, Inc.194,77005/31/22
29CREFI303 3rd StreetCompass California8,32502/28/29 The House Salon1,96807/31/26
30CREFI5501 New Utrecht AvenueJoseph Oberlander3,32502/28/31 H Friedman & Associates CPA3,32512/31/30
31CREFIHamden Self StorageCreative Kids25,00011/30/27 Rent-A-Center4,80002/28/22
 A-1-23 

 

ANNEX A-1

 

   LARGEST TENANT(4)(23)(24)(25) 2nd LARGEST TENANT(4)(23)(24)(25)
     Lease   Lease
Loan #Seller(1)Property NameLargest TenantUnit SizeExpiration 2nd Largest TenantUnit SizeExpiration
32JPMCBBristol Park       
33GACC6450 IndustrialMack Trucks283,00008/31/24    
34CREFI651 Bushwick AvenueAdrian Fanus Grooming, Inc.3,02411/30/29 Ferebe Supplies, LLC1,90001/31/26
35GSMCGrocery Outlet TruckeeGrocery Outlet16,14706/30/35 Residential Master Lease1,87406/24/25
36JPMCBHoliday Inn Philadelphia South       
37CREFICVS Valley StreamCVS Pharmacy11,35201/31/31    
38CREFIDeschutes Business CenterEvoke At Cascades, Inc.4,99512/31/22 Bob Chaney Service Physics, Inc.3,18106/30/21
39CREFIThe Cove Storage Portfolio       
39.01CREFIJames Road       
39.02CREFIGreen Cove Road       
39.03CREFITaylor Lane       
40CREFIScotsman Self Storage       
          
 A-1-24 

 

ANNEX A-1

 

   3rd LARGEST TENANT(4)(23)(24)(25) 4th LARGEST TENANT(4)(23)(24)(25) 5th LARGEST TENANT(4)(23)(24)(25)
               
      Lease   Lease   Lease
Loan #Seller(1)Property Name 3rd Largest TenantUnit SizeExpiration 4th Largest TenantUnit SizeExpiration 5th Largest TenantUnit SizeExpiration
1JPMCB410 Tenth Avenue Related70,85210/31/45 Rocky’s Bar & Grill2,83412/31/26 Café Maman1,95512/31/30
2CREFI/GACCMGM Grand & Mandalay Bay            
2.01CREFI/GACCMGM Grand            
2.02CREFI/GACCMandalay Bay            
3GSMCPhillips Point Affiliated Managers Group (AMG)38,49903/31/26 Greenberg Traurig30,25411/30/27 Morgan Stanley26,46310/31/24
4CREFI141 Livingston AT&T Mobility012/31/23        
5JPMCBPittock Block Sagacity Media Inc.11,93603/31/23 Oregon Symphony10,70110/31/23 DCI - D’Amato, Conversano, Inc.7,98108/31/26
6CREFI/JPMCBThe Galleria Office Towers            
6.01CREFI/JPMCBGalleria Tower I Westlake Management40,58808/31/25 BKD, LLP29,69006/30/29 Ascende, Inc.27,51104/30/22
6.02CREFI/JPMCBGalleria Tower II Kane Russell Coleman & Logan PC25,39003/31/22 Capgemini U.S. LLC21,65101/31/27 Infrastructure Network15,87903/31/22
6.03CREFI/JPMCBGalleria Financial Center GSA11,54402/28/31 Banorte -IXE Securities10,06302/29/28 Fusion Learning, Inc9,53603/31/25
7GSMCU.S. Industrial Portfolio VI            
7.01GSMCTrue Value            
7.02GSMCBelnick            
7.03GSMCTufco - 3161 South Ridge Road            
7.04GSMCPro Con - 109 Maplewood Drive            
7.05GSMCTotal Logistics            
7.06GSMCPro Con - 2441 East Glendale Avenue            
7.07GSMCAmaray            
7.08GSMCPro Con - 2430 East Glendale Avenue            
7.09GSMCTufco - 1205 Burris Road            
7.10GSMCTufco - 1055 Parkview Road            
8CREFIBoca Office Portfolio            
8.01CREFIBoardwalk @ 18th Wild Hair Salon5,88911/30/21 Boca Pointe Community Assoc.5,55111/30/25 Rooms For Prince & Princess4,92008/31/24
8.02CREFIFountains Center Gil Lichtshein5,98707/31/26 Salt Academy5,95008/31/28 Cohen & Sheinker, MD, PA5,06602/28/23
8.03CREFICity National Park Hellenic Petroleum LLC8,38102/28/25 Harbinger Capital Group8,28106/30/21 Revamp Healthcare Partners7,62208/31/27
8.04CREFIGrove Centre Big Boca Smiles4,49511/30/26 Sequoia Insurance4,37110/31/24 Skin Apeel, Inc.3,16201/31/24
9CREFIGestamp Automocion SLB            
10JPMCB30 Hudson Yards 67            
11GSMCDawson Marketplace One Life Fitness35,00012/31/37 Restoration Hardware Outlet30,00001/31/28 Marshalls23,50003/31/27
12GACC8670 Wilshire Screening Services Group, LLC3,91003/31/26 Alexander Café LLC90009/30/23    
13GSMCJW Marriott Nashville            
14CREFIMorgan Stanley Tower DCR Loan Servicing, LLC13,46007/31/28 UBS Financial Services, Inc13,31009/30/23 Manning & Napier Advisors10,43812/31/22
15JPMCBThe Village at Meridian OpSec Online LLC40,80502/28/25 Axiom Fitness37,69903/31/24 Boise Co-Op25,03611/30/35
16GSMCMillennium Corporate Park Quantrarium, LLC11,79807/31/24 People Tech Group7,99208/31/24 CBRE Management Office1,09812/31/39
17GSMC711 Fifth Avenue Ralph Lauren38,63806/30/29 Loro Piana USA24,38808/31/25 Sandler Capital17,20006/30/27
18JPMCBOakland Commons I&II Moncur Design, Inc.13,83303/31/26 Aerotek, Inc.13,61110/31/21 Grede Holdings LLC13,31212/31/25
19GACCOrlando Technology Park Metric Engineering26,09604/01/26 AOE21,17411/01/27 Carestream19,45002/01/26
20GACCWoodbury Crossing Phase II            
21CREFIAdvanced Energy            
22CREFIValue Store It Miami            
23GSMCWilloughby Commons Regal Cinemas66,96310/31/32 PetSmart26,25906/30/23 Office Max23,80607/31/28
24JPMCBCamellia Trace            
25GACCDollar General Portfolio            
25.01GACCRobinsonville            
25.02GACCSaint Mary’s            
25.03GACCAlexandria (Carlos)            
25.04GACCSt. Martinville            
25.05GACCFife Lake            
25.06GACCWaubun            
25.07GACCLake Village            
25.08GACCNew Era            
25.09GACCMooers            
25.10GACCHinckley            
25.11GACCCenter            
25.12GACCLepanto            
25.13GACCEdgemont            
25.14GACCLouisa            
25.15GACCPrue            
26CREFI9633 Westheimer Road            
27CREFI46-50 East 167th Street Crab Du Jour2,50001/31/33        
28CREFIBridgeport Distribution Center            
29CREFI303 3rd Street Jay Birds LBX1,67807/31/30 Mahkin Thai & Sushi1,66612/31/25 Hummus Bean1,45806/30/26
30CREFI5501 New Utrecht Avenue Royal Bag3,32512/31/30 E&D Childrens Center3,32512/31/30 Care Design NY3,32511/30/30
31CREFIHamden Self Storage Subway3,00005/31/25 Hull’s Art Supply1,00004/22/21    
 A-1-25 

 

ANNEX A-1

 

    3rd LARGEST TENANT(4)(23)(24)(25) 4th LARGEST TENANT(4)(23)(24)(25) 5th LARGEST TENANT(4)(23)(24)(25)
      Lease   Lease   Lease
Loan #Seller(1)Property Name 3rd Largest TenantUnit SizeExpiration 4th Largest TenantUnit SizeExpiration 5th Largest TenantUnit SizeExpiration
32JPMCBBristol Park            
33GACC6450 Industrial            
34CREFI651 Bushwick Avenue Arline Almonte76001/31/23 Charlene New York LLC47001/31/22 Briana Rolan25001/31/22
35GSMCGrocery Outlet Truckee            
36JPMCBHoliday Inn Philadelphia South            
37CREFICVS Valley Stream            
38CREFIDeschutes Business Center Matt deMontegre / High Desert3,14001/24/24 Jazzercise Bend OR Fitness Center2,67502/28/22 Nashelle Jewelry dba Nashelle, LLC2,25204/30/24
39CREFIThe Cove Storage Portfolio            
39.01CREFIJames Road            
39.02CREFIGreen Cove Road            
39.03CREFITaylor Lane            
40CREFIScotsman Self Storage            
               
 A-1-26 

 

ANNEX A-1

 

      
    Loan 
Loan #Seller(1)Property Name PurposePrincipal / Carveout Guarantor(26)
1JPMCB410 Tenth Avenue AcquisitionMark Karasick, Michael Silberberg
2CREFI/GACCMGM Grand & Mandalay Bay AcquisitionBREIT Operating Partnership L.P., MGM Growth Properties Operating Partnership LP
2.01CREFI/GACCMGM Grand   
2.02CREFI/GACCMandalay Bay   
3GSMCPhillips Point AcquisitionThe Related Companies, Inc.
4CREFI141 Livingston RefinanceClipper Realty Inc., Clipper Realty L.P.
5JPMCBPittock Block Acquisition1547 Data Center Real Estate Fund II, L.P.
6CREFI/JPMCBThe Galleria Office Towers RefinanceAzrieli Group Ltd.
6.01CREFI/JPMCBGalleria Tower I   
6.02CREFI/JPMCBGalleria Tower II   
6.03CREFI/JPMCBGalleria Financial Center   
7GSMCU.S. Industrial Portfolio VI RefinanceBIG STNL II LLC
7.01GSMCTrue Value   
7.02GSMCBelnick   
7.03GSMCTufco - 3161 South Ridge Road   
7.04GSMCPro Con - 109 Maplewood Drive   
7.05GSMCTotal Logistics   
7.06GSMCPro Con - 2441 East Glendale Avenue   
7.07GSMCAmaray   
7.08GSMCPro Con - 2430 East Glendale Avenue   
7.09GSMCTufco - 1205 Burris Road   
7.10GSMCTufco - 1055 Parkview Road   
8CREFIBoca Office Portfolio Recapitalization; AcquisitionCarlos Ulloa, Debra Corchia, Daniel Statlander, James Caprio
8.01CREFIBoardwalk @ 18th   
8.02CREFIFountains Center   
8.03CREFICity National Park   
8.04CREFIGrove Centre   
9CREFIGestamp Automocion SLB AcquisitionAG Net Lease IV Corp., AG Net Lease IV (Q) Corp., AG Net Lease Realty Fund IV Investments (H-1), L.P.
10JPMCB30 Hudson Yards 67 RefinanceMassa Nova GmbH
11GSMCDawson Marketplace RecapitalizationJ. Kenneth Dunn
12GACC8670 Wilshire RefinanceAndrew Brooks, Randhir Tuli
13GSMCJW Marriott Nashville RefinanceJacquelyn Soffer
14CREFIMorgan Stanley Tower RefinanceLawrence Feldman
15JPMCBThe Village at Meridian RecapitalizationNone
16GSMCMillennium Corporate Park AcquisitionVanbarton Group LLC
17GSMC711 Fifth Avenue RefinanceBayerische Versorgungskammer, Deutsche Finance America LLC, DF Deutsche Finance Holding AG, Hessen Lawyers Pension Fund
18JPMCBOakland Commons I&II RefinanceThe Farbman Family #3, LLC
19GACCOrlando Technology Park AcquisitionTCM Technology Park LLC, Somerset Real Estate Opportunity Fund II, L.P., Benjamin M. Adams
20GACCWoodbury Crossing Phase II RefinanceRonald D. Newman, Leonard Brandon Smith
21CREFIAdvanced Energy AcquisitionLouis J. Rogers
22CREFIValue Store It Miami RefinanceTodd A. Ruderman
23GSMCWilloughby Commons RefinanceMitchell C. Schneider
24JPMCBCamellia Trace RefinanceAnthony Kassis, Gary Shahid, Blevins Family Properties, LLC
25GACCDollar General Portfolio AcquisitionWilliam O. Fuller, Martin A. Pinilla II
25.01GACCRobinsonville   
25.02GACCSaint Mary’s   
25.03GACCAlexandria (Carlos)   
25.04GACCSt. Martinville   
25.05GACCFife Lake   
25.06GACCWaubun   
25.07GACCLake Village   
25.08GACCNew Era   
25.09GACCMooers   
25.10GACCHinckley   
25.11GACCCenter   
25.12GACCLepanto   
25.13GACCEdgemont   
25.14GACCLouisa   
25.15GACCPrue   
26CREFI9633 Westheimer Road RefinanceAria Mehrabi
27CREFI46-50 East 167th Street RefinanceShmuel Kairy
28CREFIBridgeport Distribution Center AcquisitionBob Yari
29CREFI303 3rd Street RefinanceJayne M. Flinn, Michael A. Saltman
30CREFI5501 New Utrecht Avenue RefinanceBinyamin Beitel
31CREFIHamden Self Storage RefinanceIra Schwartz
 A-1-27 

 

ANNEX A-1

 

      
    Loan 
Loan #Seller(1)Property Name PurposePrincipal / Carveout Guarantor(26)
32JPMCBBristol Park RefinanceAnthony Kassis, Gary Shahid, Blevins Family Properties, LLC
33GACC6450 Industrial AcquisitionMariano Weil, Federico Weil, Federico Wilensky
34CREFI651 Bushwick Avenue RefinanceAlbert Farhi, David Farhi, Leon Farhi
35GSMCGrocery Outlet Truckee AcquisitionMordecai (“Max”) Schireson
36JPMCBHoliday Inn Philadelphia South RefinanceWilliam B. McNamara
37CREFICVS Valley Stream RecapitalizationGeoffrey S. Serota, Eric Oppenheimer Credit Shelter Trust, Karen Serota
38CREFIDeschutes Business Center RefinanceKenneth Levy, Kenneth Levy, As Trustee of the Levy Family Trust Dated February 18, 1983, as Amended
39CREFIThe Cove Storage Portfolio AcquisitionGeorge Thacker, Lawrence Charles Kaplan, Richard Schontz
39.01CREFIJames Road   
39.02CREFIGreen Cove Road   
39.03CREFITaylor Lane   
40CREFIScotsman Self Storage AcquisitionGeorge Thacker, Lawrence Charles Kaplan, Richard Schontz
      
 A-1-28 

 

ANNEX A-1

 

     Pari Passu Debt
       Pari PassuPari PassuPari PassuTotal Cut-off
   LockboxLockboxCashPari PassuNote ControlPiece  In TrustPiece Non TrustDate Pari
Loan #Seller(1)Property Name (Y/N) Type(27)Management(27)(Y/N) (Y/N)Cut-Off BalanceCut-Off BalancePassu Debt
1JPMCB410 Tenth AvenueYesHardIn PlaceYesNo80,000,000300,000,000380,000,000
2CREFI/GACCMGM Grand & Mandalay BayYesHardSpringingYesNo79,985,6671,554,214,3331,634,200,000
2.01CREFI/GACCMGM Grand        
2.02CREFI/GACCMandalay Bay        
3GSMCPhillips PointYesHardSpringingYesNo75,000,000123,520,000198,520,000
4CREFI141 LivingstonYesSpringingSpringingYesYes75,000,00025,000,000100,000,000
5JPMCBPittock BlockYesHardSpringingYesNo66,000,00075,000,000141,000,000
6CREFI/JPMCBThe Galleria Office TowersYesHardSpringingYesYes65,000,00025,000,00090,000,000
6.01CREFI/JPMCBGalleria Tower I        
6.02CREFI/JPMCBGalleria Tower II        
6.03CREFI/JPMCBGalleria Financial Center        
7GSMCU.S. Industrial Portfolio VIYesHardSpringingYesYes60,000,00021,000,00081,000,000
7.01GSMCTrue Value        
7.02GSMCBelnick        
7.03GSMCTufco - 3161 South Ridge Road        
7.04GSMCPro Con - 109 Maplewood Drive        
7.05GSMCTotal Logistics        
7.06GSMCPro Con - 2441 East Glendale Avenue        
7.07GSMCAmaray        
7.08GSMCPro Con - 2430 East Glendale Avenue        
7.09GSMCTufco - 1205 Burris Road        
7.10GSMCTufco - 1055 Parkview Road        
8CREFIBoca Office PortfolioYesHardSpringingYesYes50,000,00049,000,00099,000,000
8.01CREFIBoardwalk @ 18th        
8.02CREFIFountains Center        
8.03CREFICity National Park        
8.04CREFIGrove Centre        
9CREFIGestamp Automocion SLBYesHardSpringingNoNAPNAPNAPNAP
10JPMCB30 Hudson Yards 67YesHardSpringingYesYes45,000,00026,000,00071,000,000
11GSMCDawson MarketplaceYesSpringingSpringingNoNAPNAPNAPNAP
12GACC8670 WilshireYesHardSpringingNoNAPNAPNAPNAP
13GSMCJW Marriott NashvilleYesHardSpringingYesNo35,000,000150,000,000185,000,000
14CREFIMorgan Stanley TowerYesHardSpringingNoNAPNAPNAPNAP
15JPMCBThe Village at MeridianYesHardSpringingYesNo30,995,00035,000,00065,995,000
16GSMCMillennium Corporate ParkYesHardSpringingYesNo27,000,000105,000,000132,000,000
17GSMC711 Fifth AvenueYesHardSpringingYesNo26,500,000518,500,000545,000,000
18JPMCBOakland Commons I&IIYesHardSpringingNoNAPNAPNAPNAP
19GACCOrlando Technology ParkYesHardSpringingNoNAPNAPNAPNAP
20GACCWoodbury Crossing Phase IIYesHardIn PlaceNoNAPNAPNAPNAP
21CREFIAdvanced EnergyYesHardSpringingNoNAPNAPNAPNAP
22CREFIValue Store It MiamiYesSpringingSpringingNoNAPNAPNAPNAP
23GSMCWilloughby CommonsYesSpringingSpringingYesNo16,950,00020,000,00036,950,000
24JPMCBCamellia TraceYesSoftSpringingNoNAPNAPNAPNAP
25GACCDollar General PortfolioYesSpringingSpringingNoNAPNAPNAPNAP
25.01GACCRobinsonville        
25.02GACCSaint Mary’s        
25.03GACCAlexandria (Carlos)        
25.04GACCSt. Martinville        
25.05GACCFife Lake        
25.06GACCWaubun        
25.07GACCLake Village        
25.08GACCNew Era        
25.09GACCMooers        
25.10GACCHinckley        
25.11GACCCenter        
25.12GACCLepanto        
25.13GACCEdgemont        
25.14GACCLouisa        
25.15GACCPrue        
26CREFI9633 Westheimer RoadYesSpringingSpringingNoNAPNAPNAPNAP
27CREFI46-50 East 167th StreetYesSpringingSpringingNoNAPNAPNAPNAP
28CREFIBridgeport Distribution CenterYesHardSpringingNoNAPNAPNAPNAP
29CREFI303 3rd StreetYesHardSpringingNoNAPNAPNAPNAP
30CREFI5501 New Utrecht AvenueYesSpringingSpringingNoNAPNAPNAPNAP
31CREFIHamden Self StorageYesSpringingSpringingNoNAPNAPNAPNAP
 A-1-29 

 

ANNEX A-1

 

      Pari Passu Debt
       Pari PassuPari PassuPari PassuTotal Cut-off
   LockboxLockboxCashPari PassuNote ControlPiece  In TrustPiece Non TrustDate Pari
Loan #Seller(1)Property Name (Y/N) Type(27)Management(27)(Y/N) (Y/N)Cut-Off BalanceCut-Off BalancePassu Debt
32JPMCBBristol ParkYesSoftSpringingNoNAPNAPNAPNAP
33GACC6450 IndustrialYesHardSpringingNoNAPNAPNAPNAP
34CREFI651 Bushwick AvenueYesSoftSpringingNoNAPNAPNAPNAP
35GSMCGrocery Outlet TruckeeYesHard (Commercial) / Soft (Residential)SpringingNoNAPNAPNAPNAP
36JPMCBHoliday Inn Philadelphia SouthYesSpringingSpringingNoNAPNAPNAPNAP
37CREFICVS Valley StreamYesSpringingSpringingNoNAPNAPNAPNAP
38CREFIDeschutes Business CenterYesSpringingSpringingNoNAPNAPNAPNAP
39CREFIThe Cove Storage PortfolioYesSpringingSpringingNoNAPNAPNAPNAP
39.01CREFIJames Road        
39.02CREFIGreen Cove Road        
39.03CREFITaylor Lane        
40CREFIScotsman Self StorageYesSpringingSpringingNoNAPNAPNAPNAP
           
 A-1-30 

 

ANNEX A-1

 

   Additional Debt Total Debt
       Additional   Total Debt Total Debt
    Addit DebtAddit DebtAdditionalDebt Cut offAdditional Debt Total Debt UW NCFTotal Debt UW NOI
Loan #Seller(1)Property Name Permitted (Y/N)(28) Exist (Y/N)(28)Debt Type(s)Date BalanceInterest Rate  Cut-off Balance DSCRCurrent LTV % Debt Yield %
1JPMCB410 Tenth Avenue NoYesB-Note/Mezzanine Loans325,000,0003.58598 705,000,0002.2573.8%7.0%
2CREFI/GACCMGM Grand & Mandalay Bay YesYesB-Notes (804,400,000)/C-Notes (561,400,000)/Permitted Mezzanine1,365,800,0003.55800 3,000,000,0002.7065.2%9.7%
2.01CREFI/GACCMGM Grand        2.7065.2%9.7%
2.02CREFI/GACCMandalay Bay        2.7065.2%9.7%
3GSMCPhillips Point NoYesMezzanine Loan30,540,0007.00000 229,060,0002.1079.3%8.4%
4CREFI141 Livingston NoNoNAPNAPNAP 100,000,0002.5254.9%8.9%
5JPMCBPittock Block YesYesB-Note/Permitted Mezzanine22,470,0005.85000 163,470,0001.9549.7%7.7%
6CREFI/JPMCBThe Galleria Office Towers NoNoNAPNAPNAP 90,000,0001.7148.6%12.6%
6.01CREFI/JPMCBGalleria Tower I        1.7148.6%12.6%
6.02CREFI/JPMCBGalleria Tower II        1.7148.6%12.6%
6.03CREFI/JPMCBGalleria Financial Center        1.7148.6%12.6%
7GSMCU.S. Industrial Portfolio VI YesNoPermitted MezzanineNAPNAP 81,000,0002.5659.3%10.7%
7.01GSMCTrue Value        2.5659.3%10.7%
7.02GSMCBelnick        2.5659.3%10.7%
7.03GSMCTufco - 3161 South Ridge Road        2.5659.3%10.7%
7.04GSMCPro Con - 109 Maplewood Drive        2.5659.3%10.7%
7.05GSMCTotal Logistics        2.5659.3%10.7%
7.06GSMCPro Con - 2441 East Glendale Avenue        2.5659.3%10.7%
7.07GSMCAmaray        2.5659.3%10.7%
7.08GSMCPro Con - 2430 East Glendale Avenue        2.5659.3%10.7%
7.09GSMCTufco - 1205 Burris Road        2.5659.3%10.7%
7.10GSMCTufco - 1055 Parkview Road        2.5659.3%10.7%
8CREFIBoca Office Portfolio NoNoNAPNAPNAP 99,000,0002.4663.5%10.6%
8.01CREFIBoardwalk @ 18th        2.4663.5%10.6%
8.02CREFIFountains Center        2.4663.5%10.6%
8.03CREFICity National Park        2.4663.5%10.6%
8.04CREFIGrove Centre        2.4663.5%10.6%
9CREFIGestamp Automocion SLB YesNoPermitted MezzanineNAPNAP NAPNAPNAPNAP
10JPMCB30 Hudson Yards 67 NoNoNAPNAPNAP 71,000,0001.9264.5%6.6%
11GSMCDawson Marketplace NoNoNAPNAPNAP NAPNAPNAPNAP
12GACC8670 Wilshire NoNoNAPNAPNAP NAPNAPNAPNAP
13GSMCJW Marriott Nashville NoNoNAPNAPNAP 185,000,0004.1761.5%15.3%
14CREFIMorgan Stanley Tower YesNoPermitted Mezzanine/Preferred EquityNAPNAP NAPNAPNAPNAP
15JPMCBThe Village at Meridian NoNoNAPNAPNAP 65,995,0005.1433.5%19.1%
16GSMCMillennium Corporate Park NoNoNAPNAPNAP 132,000,0003.1360.9%10.0%
17GSMC711 Fifth Avenue YesNoPermitted MezzanineNAPNAP 545,000,0002.9054.5%9.4%
18JPMCBOakland Commons I&II NoNoNAPNAPNAP NAPNAPNAPNAP
19GACCOrlando Technology Park NoNoNAPNAPNAP NAPNAPNAPNAP
20GACCWoodbury Crossing Phase II NoYesMezzanine Loan3,120,00012.00000 23,500,0001.3771.6%7.5%
21CREFIAdvanced Energy NoNoNAPNAPNAP NAPNAPNAPNAP
22CREFIValue Store It Miami NoNoNAPNAPNAP NAPNAPNAPNAP
23GSMCWilloughby Commons NoNoNAPNAPNAP 36,950,0001.5571.5%9.4%
24JPMCBCamellia Trace YesNoPermitted MezzanineNAPNAP NAPNAPNAPNAP
25GACCDollar General Portfolio NoNoNAPNAPNAP NAPNAPNAPNAP
25.01GACCRobinsonville        NAPNAPNAP
25.02GACCSaint Mary’s        NAPNAPNAP
25.03GACCAlexandria (Carlos)        NAPNAPNAP
25.04GACCSt. Martinville        NAPNAPNAP
25.05GACCFife Lake        NAPNAPNAP
25.06GACCWaubun        NAPNAPNAP
25.07GACCLake Village        NAPNAPNAP
25.08GACCNew Era        NAPNAPNAP
25.09GACCMooers        NAPNAPNAP
25.10GACCHinckley        NAPNAPNAP
25.11GACCCenter        NAPNAPNAP
25.12GACCLepanto        NAPNAPNAP
25.13GACCEdgemont        NAPNAPNAP
25.14GACCLouisa        NAPNAPNAP
25.15GACCPrue        NAPNAPNAP
26CREFI9633 Westheimer Road NoNoNAPNAPNAP NAPNAPNAPNAP
27CREFI46-50 East 167th Street NoNoNAPNAPNAP NAPNAPNAPNAP
28CREFIBridgeport Distribution Center NoNoNAPNAPNAP NAPNAPNAPNAP
29CREFI303 3rd Street NoNoNAPNAPNAP NAPNAPNAPNAP
30CREFI5501 New Utrecht Avenue NoNoNAPNAPNAP NAPNAPNAPNAP
31CREFIHamden Self Storage NoNoNAPNAPNAP NAPNAPNAPNAP
 A-1-31 

 

ANNEX A-1

 

    Additional Debt Total Debt
       Additional   Total Debt Total Debt
    Addit DebtAddit DebtAdditionalDebt Cut offAdditional Debt Total Debt UW NCFTotal Debt UW NOI
Loan #Seller(1)Property Name Permitted (Y/N)(28) Exist (Y/N)(28)Debt Type(s)Date BalanceInterest Rate  Cut-off Balance DSCRCurrent LTV % Debt Yield %
32JPMCBBristol Park YesNoPermitted MezzanineNAPNAP NAPNAPNAPNAP
33GACC6450 Industrial NoNoNAPNAPNAP NAPNAPNAPNAP
34CREFI651 Bushwick Avenue NoNoNAPNAPNAP NAPNAPNAPNAP
35GSMCGrocery Outlet Truckee NoNoNAPNAPNAP NAPNAPNAPNAP
36JPMCBHoliday Inn Philadelphia South NoNoNAPNAPNAP NAPNAPNAPNAP
37CREFICVS Valley Stream NoNoNAPNAPNAP NAPNAPNAPNAP
38CREFIDeschutes Business Center NoNoNAPNAPNAP NAPNAPNAPNAP
39CREFIThe Cove Storage Portfolio NoNoNAPNAPNAP NAPNAPNAPNAP
39.01CREFIJames Road        NAPNAPNAP
39.02CREFIGreen Cove Road        NAPNAPNAP
39.03CREFITaylor Lane        NAPNAPNAP
40CREFIScotsman Self Storage NoNoNAPNAPNAP NAPNAPNAPNAP
              
 A-1-32 

 

ANNEX A-1

 

    HOTEL OPERATING STATISTICS 
                     
     201720172017201820182018201920192019Most RecentMost RecentMost RecentUWUWUW 
Loan #Seller(1)Property Name   Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($)Occupancy % ADR ($) RevPAR ($)Loan #
1JPMCB410 Tenth Avenue                 1
2CREFI/GACCMGM Grand & Mandalay Bay  91.0%193.58176.2491.5%192.62176.1892.1%196.52180.9471.4%187.46133.7692.1%196.52180.942
2.01CREFI/GACCMGM Grand  92.1%181.76167.3692.7%182.10168.7691.4%190.29173.8568.5%184.50126.3391.4%190.29173.852.01
2.02CREFI/GACCMandalay Bay  90.0%206.28185.5790.2%203.96183.9692.8%202.98188.4074.8%190.71142.6992.8%202.98188.402.02
3GSMCPhillips Point                 3
4CREFI141 Livingston                 4
5JPMCBPittock Block                 5
6CREFI/JPMCBThe Galleria Office Towers                 6
6.01CREFI/JPMCBGalleria Tower I                 6.01
6.02CREFI/JPMCBGalleria Tower II                 6.02
6.03CREFI/JPMCBGalleria Financial Center                 6.03
7GSMCU.S. Industrial Portfolio VI                 7
7.01GSMCTrue Value                 7.01
7.02GSMCBelnick                 7.02
7.03GSMCTufco - 3161 South Ridge Road                 7.03
7.04GSMCPro Con - 109 Maplewood Drive                 7.04
7.05GSMCTotal Logistics                 7.05
7.06GSMCPro Con - 2441 East Glendale Avenue                 7.06
7.07GSMCAmaray                 7.07
7.08GSMCPro Con - 2430 East Glendale Avenue                 7.08
7.09GSMCTufco - 1205 Burris Road                 7.09
7.10GSMCTufco - 1055 Parkview Road                 7.10
8CREFIBoca Office Portfolio                 8
8.01CREFIBoardwalk @ 18th                 8.01
8.02CREFIFountains Center                 8.02
8.03CREFICity National Park                 8.03
8.04CREFIGrove Centre                 8.04
9CREFIGestamp Automocion SLB                 9
10JPMCB30 Hudson Yards 67                 10
11GSMCDawson Marketplace                 11
12GACC8670 Wilshire                 12
13GSMCJW Marriott Nashville        85.5%294.74251.8644.1%277.42122.2985.8%295.53253.6913
14CREFIMorgan Stanley Tower                 14
15JPMCBThe Village at Meridian                 15
16GSMCMillennium Corporate Park                 16
17GSMC711 Fifth Avenue                 17
18JPMCBOakland Commons I&II                 18
19GACCOrlando Technology Park                 19
20GACCWoodbury Crossing Phase II                 20
21CREFIAdvanced Energy                 21
22CREFIValue Store It Miami                 22
23GSMCWilloughby Commons                 23
24JPMCBCamellia Trace                 24
25GACCDollar General Portfolio                 25
25.01GACCRobinsonville                 25.01
25.02GACCSaint Mary’s                 25.02
25.03GACCAlexandria (Carlos)                 25.03
25.04GACCSt. Martinville                 25.04
25.05GACCFife Lake                 25.05
25.06GACCWaubun                 25.06
25.07GACCLake Village                 25.07
25.08GACCNew Era                 25.08
25.09GACCMooers                 25.09
25.10GACCHinckley                 25.10
25.11GACCCenter                 25.11
25.12GACCLepanto                 25.12
25.13GACCEdgemont                 25.13
25.14GACCLouisa                 25.14
25.15GACCPrue                 25.15
26CREFI9633 Westheimer Road                 26
27CREFI46-50 East 167th Street                 27
28CREFIBridgeport Distribution Center                 28
29CREFI303 3rd Street                 29
30CREFI5501 New Utrecht Avenue                 30
31CREFIHamden Self Storage                 31
 A-1-33 

 

ANNEX A-1

 

     HOTEL OPERATING STATISTICS 
     201720172017201820182018201920192019Most RecentMost RecentMost RecentUWUWUW 
Loan #Seller(1)Property Name   Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($)Occupancy % ADR ($) RevPAR ($)Loan #
32JPMCBBristol Park                 32
33GACC6450 Industrial                 33
34CREFI651 Bushwick Avenue                 34
35GSMCGrocery Outlet Truckee                 35
36JPMCBHoliday Inn Philadelphia South  57.6%108.2562.3559.8%106.4763.6957.2%94.4254.0544.8%89.7240.2159.8%106.4763.6936
37CREFICVS Valley Stream                 37
38CREFIDeschutes Business Center                 38
39CREFIThe Cove Storage Portfolio                 39
39.01CREFIJames Road                 39.01
39.02CREFIGreen Cove Road                 39.02
39.03CREFITaylor Lane                 39.03
40CREFIScotsman Self Storage                 40
 A-1-34 

 

Footnotes to Annex A-1
  
(1)“JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation or one of its affiliates, as Mortgage Loan Seller; “CREFI” denotes Citi Real Estate Funding Inc. or one of its affiliates, as Mortgage Loan Seller; and “GSMC” denotes Goldman Sachs Mortgage Company, or one of its affiliates, as Mortgage Loan Seller.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the mortgage loan is part of a whole loan that was co–originated by Citi Real Estate Funding Inc., Barclays Capital Real Estate Inc., Deutsche Bank AG, acting through its New York Branch and Société Générale Financial Corporation.

With respect to Loan No. 6, The Galleria Office Towers, the mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc. and JPMorgan Chase Bank, National Association.

With respect to Loan No. 8, the Boca Office Portfolio, the mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc. and Bank of America, N.A.

With respect to Loan No. 17, 711 Fifth Avenue, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Bank of America, N.A.
  
(2)With respect to Loan No. 1, 410 Tenth Avenue, the mortgaged property includes five retail tenants that together consist of 4.4% of the net rentable area.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, each of the related mortgaged properties consist of a resort and casino and, as of the trailing twelve months ending September 30, 2020 (i) with respect to the MGM Grand Mortgaged Property, approximately 27.0% of the revenues were from hotel rooms, approximately 23.1% of the revenues were from food and beverage sales, approximately 26.9% of the revenues were from gaming, and approximately 23.1% of the revenues were from other sources and (ii) with respect to the Mandalay Bay Mortgaged Property, approximately 34.0% of the revenues were from hotel rooms, approximately 26.5% of the revenues were from food and beverage sales, approximately 17.5% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources.

With respect to Loan No. 5, Pittock Block, the mortgaged property consists of 191,284 square feet of office space (approximately 64.3% of net rentable area), 81,906 square feet of colocation, data center and Meet-Me-Room space (27.5% of net rentable area), 19,981 square feet of retail space (6.7% of net rentable area), 3,831 square feet of storage space (1.3% of net rentable area), and 696 square feet of roof space (0.2% of net rentable area).

With respect to Loan No. 12, 8670 Wilshire, the mortgaged property consists of 45,710 square feet of medical office space (90.5% of net rentable area), and 4,810 square feet of retail space (9.5% of net rentable area).

With respect to Loan No. 17, 711 Fifth Avenue, the mortgaged property includes 286,226 square feet of office space, representing approximately 84.2% of the net rentable area, and 53,798 square feet of retail space, representing approximately 15.8% of the net rentable area.

With respect to Loan No. 19, Orlando Technology Park, the mortgaged property consists of 121,974 square feet of flex industrial space (41.0% of net rentable area) and 175,412 square feet of office space (59.0% of net rentable area).

With respect to Loan No. 35, Grocery Outlet Truckee, the mortgaged property includes 16,147 square feet of retail space, representing approximately 89.6% of the net rentable area, and three residential units (1,874 total square feet), representing approximately 10.4% of the net rentable area.
  
(3)Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

With respect to Loan No. 14, Morgan Stanley Tower, the borrower, Second Avenue Tower Limited Partnership, is the ground lessee of 174 of the 370 parking spaces required for zoning compliance at the mortgaged property. The leasehold interest is owned by the City of St. Petersburg. The term of the ground lease expires on July 30, 2059.
  
(4)In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be
 A-1-35 

 

 based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.

With respect to Loan No. 1, 410 Tenth Avenue, each of the Largest Tenant and the 2nd Largest Tenant, Amazon and First Republic, has executed its lease but has not yet taken occupancy of its leased premises or commenced paying rent. Amazon is expected to (a) with respect to the floors 9 through 14 and 16 through 20, take possession of such space by March 25, 2021, and commence paying rent in June 2022; and (b) with respect to the 15th floor, upon completion of pre-commencement work with respect to the related space, take possession by May 1, 2021 and commence paying rent in August 2022. First Republic is expected to (a) take possession of the entirety of its space by April 2021, at which point all pre-commencement and turnkey work is projected to have been completed and (b) commence paying rent in (i) August 2021 with respect to floors 4 through 6, (ii) October 2021 with respect to floors 2 and 3, (iii) September 2021 with respect to the ground floor retail space and (iv) May 2022 with respect to the below grade space. At origination, approximately $57.7 million was reserved for outstanding gap rent and free rent, in excess of projected amounts based on the estimated lease commencement dates.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, each of the related mortgaged properties consist of a resort and casino and, as of the trailing twelve months ending September 30, 2020 (i) with respect to the MGM Grand Mortgaged Property, approximately 27.0% of the  revenues were from hotel rooms, approximately 23.1% of the revenues were from food and beverage sales, approximately 26.9% of the revenues were from gaming, and approximately 23.1% of the revenues were from other sources and (ii) with respect to the Mandalay Bay Mortgaged Property, approximately 34.0% of the revenues were from hotel rooms, approximately 26.5% of the revenues were from food and beverage sales, approximately 17.5% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources.

With respect to Loan No. 3, Phillips Point, the 3rd Largest Tenant, Affiliated Managers Group (AMG), representing approximately 8.6% of the net rentable area, is dark but paying rent with respect to 15,176 square feet of its space. We cannot assure you that Affiliated Managers Group (AMG) will take occupancy as expected or at all.

With respect to Loan No. 7.09, U.S. Industrial Portfolio VI – Tufco - 1205 Burris Road, the sole tenant, Tufco, is currently dark. Tufco is expected to continue paying full rent until the end of its lease term in July 2037. We cannot assure you that Tufco will continue paying rent as expected or at all.
 
With respect to Loan No. 11, Dawson Marketplace, the 3rd Largest Tenant, One Life Fitness, representing approximately 9.9% of the net rentable area, has executed a lease but has not yet taken occupancy or begun paying rent. One Life Fitness is anticipated to take occupancy of its space by the first quarter of 2022 and to commence paying its pro rata share of operating expenses by July 2021, 50% of its base rent by January 2022 and its entire base rent by August 2022. We cannot assure you that One Life Fitness will take occupancy or begin paying rent as expected or at all.

With respect to Loan No. 12, 8670 Wilshire, the Largest Tenant, Cedars-Sinai Medical Center, representing approximately 57.1% of the net rentable area, has been temporarily closed since March 2020 in order to convert its space into a full-time home of the California Heart Center. As of February 17, 2020, Cedars-Sinai Medical Center has finished the major construction and has started moving equipment into the patient rooms and getting employees onsite. Cedars-Sinai Medical Center is anticipated to open to the public in March 2021. The 2nd Largest Tenant, Specialty Surgical Center of Beverly Hills, L.P, representing approximately 33.4% of the net rentable area, executed a ten-year extension of its lease in April 2020, and received (i) abated rent for August and September 2020, and (ii) two months of free rent exercisable at any time during the term of its lease with 30 days’ prior written notice. At origination, $243,746 was deposited into a rent replication reserve related to Specialty Surgical Center of Beverly Hills, L.P.’s two months’ of free rent according to its lease.

With respect to Loan No. 17, 711 Fifth Avenue, the 3rd Largest Tenant, Ralph Lauren, representing approximately 11.4% of the net rentable area and approximately 41.1% of the underwritten base rent, has the right to go dark at any time. If the borrower believes Ralph Lauren has ceased retail operations in all of the premises under the related lease, the borrower may give notice thereof to Ralph Lauren. Within 30 days after the borrower gives such notice, Ralph Lauren must notify the borrower whether it intends to cease retail operations at the premises. If Ralph Lauren notifies the borrower of its intent to cease such retail operations, the borrower has the right to terminate the lease. Ralph Lauren’s space (excluding the Polo Bar), is currently dark. Ralph Lauren has requested to sublease its entire space to Mango, a Spanish retail chain, for a rent that is expected to be significantly lower than Ralph Lauren’s prime rent. The borrower initially denied the request, asserting that Mango (i) is not a first class retailer, (ii) does not conform to the mix of retail tenants that exists at the mortgaged property, and (iii) has a reputation for unfair labor practices. The dispute went to arbitration, where the arbitrator found that it was unreasonable for the borrower to withhold consent. The sublease has not yet been executed and we cannot assure you it will be executed as expected or at all.

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 With respect to Loan No. 23, Willoughby Commons, the 3rd Largest Tenant, Regal Cinemas, representing approximately 19.0% of the net rentable area, is dark with respect to its space but is paying partial rent.
  
(5)With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.

With respect to Loan No. 1, 410 Tenth Avenue, the Appraised Value ($), Current LTV %, and Maturity LTV % are based on the “Hypothetical Market Value Assuming Reserves” of $955,000,000 effective December 1, 2020, which assumes that the borrowers escrow all contractually obligated free rent, tenant improvements, leasing costs and all of the remaining capital expenditures. At origination, the borrowers reserved $57,700,000 for outstanding gap rent and free rent and approximately $35,179,875 for all outstanding tenant improvements and leasing commissions. Based on the “As-Is” appraised value of $825,000,000 effective December 1, 2020, the Current LTV % and Maturity LTV % are 46.1%.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the Appraised Value ($) of $4,600,000,000 as of January 10, 2020, set forth above is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Mortgaged Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased–Sale–Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay Bay Mortgaged Properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay Mortgaged Properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay Mortgaged Properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay Borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder, in favor of the MGM Grand & Mandalay Bay Borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay Borrowers to the lender. The Current LTV % and the Maturity % are based on the “Aggregate As Is Appraised Value” are 22.2% and 22.2%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan. The Current LTV % and the Maturity % are based on the Aggregate Real Property Appraised Value are 35.5% and 35.5%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan.

With respect to Loan No. 3, Phillips Point, the Current LTV % and Maturity LTV % are calculated utilizing the “Hypothetical As Is” appraised value of $289,000,000 as of December 15, 2020, which assumes that an additional $6.65 million would be reserved by the borrower sponsor at origination for future tenant improvement allowances and leasing commissions. The Current LTV % and Maturity LTV % calculated based on the “as-is” appraised value of $282,000,000, as of December 15, 2020, are both 70.4%.
 
With respect to Loan No. 8, Boca Office Portfolio, the Appraised Value represents the “portfolio appraised value”, which attributes a premium to the aggregate value of the mortgaged properties as a whole. Based on the sum of the individual appraised values of the mortgaged properties, the Appraised Value would be $150,700,000, which results in a Current LTV % of 65.7% and a Maturity LTV% of 65.7%.

With respect to Loan No. 10, 30 Hudson Yards 67, the Appraised Value ($), Current LTV %, and Maturity LTV % are based on the “Hypothetical Value: Escrow Tenant Improvements” of $110,000,000 effective February 1, 2021, which assumes that the outstanding tenant improvement costs of $4,799,293 associated with the existing lease will be placed into an escrow account. At loan origination, the borrower reserved $4,799,293 for outstanding tenant improvements and leasing commissions. Based on the “As-Is” appraised value of $105,000,000 effective February 1, 2021, the Current LTV % and Maturity LTV % are 67.6%.

With respect to Loan No. 11, Dawson Marketplace, the Current LTV % is calculated utilizing the “as-is” appraised value of $68,000,000 as of November 17, 2019, and the Current Balance ($) net of the earn-out reserve of approximately $6,095,133. The Current LTV % calculated based on the “as-is” appraised value and Current Balance ($), without netting the earn-out reserve, is 64.4%.

With respect to Loan No. 17, 711 Fifth Avenue, the “as-is” appraised value of $1,000,000,000 as of January 23, 2020 includes the extraordinary assumption that the timely and workmanlike completion of certain scheduled renovations and improvements will be commensurate to similar Class A and Class B office buildings in the competitive marketplace.
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 With respect to Loan No. 18, Oakland Commons I&II, the Appraised Value ($), Current LTV %, and Maturity LTV % are based on the “Hypothetical Market Value including Capital Reserve Account” of $34,900,000 effective February 1, 2021, which assumes that a reserve in the amount of $1,400,000 (to be used toward tenant improvements and leasing commissions) is funded as of the as is date of value. At loan origination, the borrower reserved $1,400,000 for tenant improvements and leasing commissions. Based on the “As-Is” appraised value of $33,500,000 effective February 1, 2021, the Current LTV % and Maturity LTV % are 72.5% and 61.5%, respectively.

With respect to Loan No. 25, Dollar General Portfolio, the Appraised Value ($), Current LTV % and Maturity LTV % are based on the “As-Portfolio” appraised value of $21,320,000. The “As-Portfolio” is a consolidated roll-up value, which reflects the benefit from divergent locations, long remaining lease terms, and value added from consolidating a portfolio of 15 separate Dollar General stores. The appraisal concluded a combined “As-Is” appraised value of $21,150,000, which results in a Current LTV % and Maturity LTV % of 65.5%.
  
(6)For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.

With respect to Loan No. 1, 410 Tenth Avenue, the whole loan is structured with an anticipated repayment date (“ARD”) of January 1, 2028 and a final maturity date of March 1, 2032. After the ARD, the interest rate will be revised to the greater of (i) 4.59159%, (ii) the 7-year swap yield as of the ARD plus 3.94159%, subject to a cap of 7.59159% and (iii) the default rate, when applicable pursuant to the 410 Tenth Avenue Whole Loan documents.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, The MGM Grand & Mandalay Bay Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of March 5, 2030 and a final maturity date of March 5, 2032. After the ARD, the following structure would apply: (i) the interest rate will increase by 200 basis points over the greater of (x) 3.55800%, and (y)(1) the ARD Treasury Note Rate in effect on the ARD (such new rate, the “Adjusted Interest Rate”) plus (2) 1.77000%, (ii) amounts in the Excess Cash Flow Reserve (as defined in the related loan agreement) will be applied first to pay monthly additional interest amounts which, to the extent not paid, will be deferred (together with interest accrued thereon at the Adjusted Interest Rate) and added to the principal balance of the applicable note(s) comprising a portion of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents, and (iii) a full cash flow sweep to the extent of remaining amounts in the Excess Cash Flow Reserve will be applied to principal of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—ARD Loans” in this Preliminary Prospectus.
  
(7)With respect to Loan Nos. 1, 2, 3, 4, 5, 6, 7, 8, 10, 13, 15, 16, 17 and 23, 410 Tenth Avenue, MGM Grand & Mandalay Bay, Phillips Point, 141 Livingston, Pittock Block, The Galleria Office Towers, U.S. Industrial Portfolio VI, Boca Office Portfolio, 30 Hudson Yards 67, JW Marriott Nashville, The Village at Meridian, Millennium Corporate Park, 711 Fifth Avenue and Willoughby Commons, in each case, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information.
  
(8)Each number identifies a group of related borrowers.

With respect to Loan Nos. 1, 24 and 32, 410 Tenth Avenue, Camellia Trace and Bristol Park, in each case, the borrowers own the mortgaged properties as tenants-in-common.

With respect to Loan No. 1, 410 Tenth Avenue, one of the co-borrowers of the whole loan, Tenth Ave 4 Lessee LLC, is not a tenant-in-common and is expected to be a borrower only until completion of the “reverse exchange” under Section 1031 of the Internal Revenue Code required under the related whole loan documents. See “Description of the Mortgage Pool—Tenant Issues—Affiliated Leases” for additional information related to the reverse 1031 exchange.

With respect to Loan Nos. 24 and 32, Camellia Trace and Bristol Park, the mortgaged properties are owned by related borrowers.

With respect to Loan Nos. 39 and 40, The Cove Storage Portfolio and Scotsman Self Storage, the mortgaged properties are owned by separate borrowers, but are related through the sponsors, George Thacker, Lawrence Charles Kaplan, and Richard Schontz.
  
(9)For each mortgage loan, the Net Mortgage Rate % is equal to the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee
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 Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
  
(10)For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
  
(11)With respect to all mortgage loans, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.
  
(12)In some instances in which the loan documents provide grace periods with respect to payments, such grace periods may be permitted a limited number of times per any 12-month periods.

With respect to Loan No. 3, Phillips Point, the mortgage loan documents provide the borrower with one five-day grace period in any 12-month period for any payments due on a payment date (other than the maturity date).

With respect to Loan No. 19, Orlando Technology Park, the mortgage loan documents provide the borrower with a five day grace period, one time per every 366-day period during the term of the mortgage loan prior to the imposition of the late payment charge for any payments due on a payment date.
  
(13)

The “L” component of the prepayment provision represents lockout payments.

 

The “Def” component of the prepayment provision represents defeasance payments.

 

The “YM” component of the prepayment provision represents yield maintenance payments.

 

The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash management period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the defeasance lockout period will be 35 payment dates beginning with and including the first payment date of April 5, 2020. The MGM Grand & Mandalay Bay Borrowers have the option to defease the MGM Grand & Mandalay Bay Whole Loan, in whole or in part commencing on February 15, 2023. The MGM Grand & Mandalay Bay Whole Loan may be prepaid in whole or in part at any time, subject to payment of the applicable yield maintenance premium if such prepayment occurs prior to September 5, 2029 (provided no yield maintenance will be due in connection with mandatory prepayments arising out of any casualty, condemnation or in connection with a Special Release or a Default Release (as defined in the Preliminary Prospectus)).

With respect to Loan No. 3, Phillips Point, the lockout period will be at least 25 payment dates beginning with and including the first payment date in March 2021. Defeasance of the Phillips Point Whole Loan in full is permitted on or after the first payment date following the date that is the earlier to occur of (i) January 15, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected Benchmark 2021-B24 securitization closing date in March 2021. The actual lockout period may be longer.

With respect to Loan No. 4, 141 Livingston, the lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2021. Defeasance of the 141 Livingston Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) February 18, 2025. The assumed defeasance lockout period of 24 payment dates is based on the expected Benchmark 2021-B24 securitization closing date in March 2021. The actual lockout period may be longer.

With respect to Loan No. 5, Pittock Block, the whole loan may be voluntarily prepaid in whole (but not in part) at any time during the term of the whole loan, other than within 60 days prior to or after a securitization of any portion of the whole loan, with the payment of a yield maintenance premium.

 
 With respect to Loan No. 6, The Galleria Office Towers, the defeasance lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2021. The borrower has the right to defease the Galleria Office Towers Whole Loan in whole (and not in part) after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 17, 2025. The assumed defeasance
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 lockout period of 24 months is based on the expected closing date of the Benchmark 2021-B24 securitization in March 2021. The actual lockout period may be longer.

With respect to Loan No. 7, U.S. Industrial Portfolio VI, the lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2021. Defeasance of the U.S. Industrial Portfolio VI Whole Loan in full is permitted on or after the first payment date following the date that is the earlier to occur of (i) February 8, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2021-B24 securitization closing date in March 2021. The actual lockout period may be longer.

With respect to Loan No. 8, Boca Office Portfolio, the lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2021. Defeasance of the Boca Office Portfolio Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) February 17, 2025. The assumed defeasance lockout period of 24 payment dates is based on the expected Benchmark 2021-B24 securitization closing date in March 2021. The actual lockout period may be longer.

With respect to Loan No. 10, 30 Hudson Yards 67, the lockout period will be at least 24 payment dates beginning with and including the first payment date of April 7, 2021. The borrower is permitted to (a) defease all, but not part, of the whole loan after two years after the closing date of the securitization that includes the last note to be securitized (the “Permitted Defeasance Date”) or (b) prepay all, but not part, of the whole loan on or after April 7, 2025, with the payment of yield maintenance premium if the Permitted Defeasance Date has not yet occurred. The assumed lockout period of 24 payment dates is based on the expected Benchmark 2021-B24 securitization closing date in March 2021. The actual lockout period may be longer.

With respect to Loan No. 13, JW Marriott Nashville, the lockout period will be at least 36 payment dates beginning with and including the first payment date in April 2020. Defeasance of the JW Marriott Nashville Whole Loan in full is permitted on or after the first payment date following the date that is the earlier to occur of (i) March 6, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 36 payments is based on the expected Benchmark 2021-B24 securitization closing date in March 2021. The actual lockout period may be longer.
  
(14)With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed, renovated and/or acquired.

With respect to Loan No. 1, 410 Tenth Avenue, historical financial information was not available because the mortgaged property was newly redeveloped with approximately 96% of the work complete as of January 2021.

With respect to Loan No. 7, U.S. Industrial Portfolio VI, historical cash flow information is not available because each of the related mortgaged properties is subject to a triple-net lease with the related sole tenant.

With respect to Loan No. 9, Gestamp Automocion SLB, historical financial information was not available because the mortgage loan is being used to facilitate the acquisition of the mortgaged property.

With respect to Loan No. 10, 30 Hudson Yards 67, historical financial information was not available because the mortgaged property is leased to a single tenant under a triple net lease.

With respect to Loan No. 20, Woodbury Crossing Phase II, historical cash flow information is not available because the first units were delivered in the summer of 2019 and have been leased as phases of the construction were completed. All units were assumed to be delivered as of the Cut-off Date.

With respect to Loan No. 24, Camellia Trace, historical financial information was not available because the borrower sponsors acquired the mortgaged property in 2019.

With respect to Loan No. 25, Dollar General Portfolio, historical cash flow information is not available because all 15 mortgage properties were recently built in 2019 and 2020.

With respect to Loan No. 26, 9633 Westheimer Road, historical financial information was not available because the mortgaged property was recently renovated.
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 With respect to Loan No. 28, Bridgeport Distribution Center, historical financial information was not available because the mortgage loan is being used to facilitate the acquisition of the mortgaged property.

With respect to Loan No. 30, 5501 New Utrecht Avenue, historical financial information was not available because the mortgaged property was recently constructed.
 
With respect to Loan No. 32, Bristol Park, historical financial information was not available because the borrower sponsors acquired the mortgaged property in 2019.

With respect to Loan No. 33, 6450 Industrial, historical cash flow information is not available because the mortgaged property was renovated in 2018 in conjunction with the sole tenant, Mack Trucks, taking occupancy in September 2018 and then expanding from 200,000 square feet into the entire building in 2019.

With respect to Loan No. 34, 651 Bushwick Avenue, historical financial information was not available because the mortgaged property was recently constructed.

With respect to Loan No. 35, Grocery Outlet Truckee, historical cash flow information is not available because the related mortgaged property is newly constructed.
  
(15)In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the increase by 10% or more from Most Recent NOI to UW NOI is a result of the temporary closure of the MGM Grand & Mandalay Bay Properties due to COVID-19. On May 1, 2020, MGM Resorts International reported that, as a result of the temporary closure of its domestic properties (which includes the MGM Grand & Mandalay Bay Properties) following the outbreak of COVID-19, its domestic properties (which includes the MGM Grand & Mandalay Bay Properties) were effectively generating no revenue, there were high levels of room and convention cancellation through the third quarter of 2020, and that, following the re-opening of its domestic properties (which includes the MGM Grand & Mandalay Bay Properties), it expected weakened demand in light of consumer fears and general economic uncertainty, among other things.

With respect to Loan No. 6.03, The Galleria Office Towers – Galleria Financial Center, the increase from Most Recent NOI to UW NOI at the mortgaged property is primarily attributable to the inclusion of potential income from vacant space, which was underwritten per the appraiser’s concluded market rent for each vacant space.

With respect to Loan No. 8, Boca Office Portfolio, the increase from Most Recent NOI to UW NOI at the mortgage property is primarily attributable to unrealized rent accounting for new tenants occupying space, rent abatement expiration, contractual rent steps, and potential income from vacant space.

With respect to Loan No. 11, Dawson Marketplace, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to the inclusion of One Life Fitness ($630,000 in underwritten base rent) along with two recently executed inline leases, AYK Jewelry and Sakura Teriyaki ($83,520 in underwritten base rent).

With respect to Loan No. 12, 8670 Wilshire, the increase in Most Recent NOI ($) to UW NOI ($) is primarily attributed to (i) $202,047 of rent steps through January 2022 and straight line rent for investment grade tenants and (ii) the 2nd largest tenant, Specialty Surgical Center of Beverly Hills, L.P., executing a 10-year lease renewal in April 2020 which included two months of free rent in August and September 2020 and increased its rental rate 20.7% from a weighted average $71.78 PSF to $86.64 PSF.
 
With respect to Loan No. 13, JW Marriott Nashville, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to underwriting stabilized hotel operations pre-COVID-19 as of the trailing 12-month period ending on January 31, 2020. The latest trailing 12-month period ending on September 30, 2020 reflects the months heavily impacted by COVID-19. Additionally, the borrower sponsor has posted an 18-month debt service reserve equal to $8,831,707, which will be applied to monthly debt service payments through March 2022.

With respect to Loan No. 16, Millennium Corporate Park, the increase from the Most Recent NOI ($) to UW NOI ($) is primarily attributable to contractual rent steps through March 31, 2022 and the present value of contractual rent step increments over the remainder of the investment-grade tenant’s lease term, with staggered lease expirations running through April 30, 2028.

With respect to Loan No. 20, Woodbury Crossing Phase II, the increase in Most Recent NOI ($) to UW NOI ($) is primarily attributed to recent completion and leasing up of the mortgaged property. The first units were delivered in the summer of 2019 and have been leased as phases of the construction are completed. All units were assumed to be delivered as
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 of the Cut-off Date. The lender is underwriting to annualized in-place income and expenses that are supported by current occupancy of 95.6%, the appraisal, and the first phase of the project, Woodbury Commons Phase I, which is not part of the collateral and has been 98% leased since 2018.

With respect to Loan No. 21, Advanced Energy, the increase from Most Recent NOI to UW NOI at the mortgage property is primarily attributable to a contractual increased in base rent for Advanced Energy Industries, Inc.

With respect to Loan No. 22, Value Store It Miami, the increase from Most Recent NOI to UW NOI at the mortgage property is primarily attributable to potential income from vacant space.

With respect to Loan No. 29, 303 3rd Street, the increase from Most Recent NOI to UW NOI at the mortgage property is primarily attributable to the mortgaged property being redeveloped from 2018-2019 and being leased up in 2020.
  
(16)With respect to all hotel properties, except for the mortgage loan(s) listed below, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.

With respect to Loan No. 1, 410 Tenth Avenue, the seller of the mortgaged property has submitted an application to the New York City Department of Finance for the Industrial & Commercial Abatement Program (the “ICAP”). The ICAP abatement for the mortgaged property is expected to commence in the tax year of 2024/25 and expire in 2033/34. However, the taxes for the mortgaged property were not underwritten based on the abated tax amounts. See “Description of the Mortgage Pool – Real Estate and Other Tax Considerations” in the preliminary prospectus for additional information.

With respect to Loan No. 5, Pittock Block, the UW NOI ($) and the UW NCF ($) include underwriting for a new license agreement that was recently signed with a Fortune 10 technology company totaling $837,000 in underwritten rent.

With respect to Loan No. 9, Gestamp Automocion SLB, the mortgaged property is subject to two separate ground leases entered into in connection with two payment in lieu of taxes (“PILOT”) agreements, which operate as a tax incentive. Taxes are underwritten at $495,580 per the appraiser’s conclusion of actual required tax payments under the PILOT agreements.

With respect to Loan No. 10, 30 Hudson Yards 67, the borrower owns the fee interest in the Mortgaged Property. However, to obtain the New York City real estate tax exemption and the payment-in-lieu of taxes (“PILOT”) benefits, the borrower has leased the Mortgaged Property to the New York City Industrial Development Agency, which has subleased the Mortgaged Property back to the borrower under an agency lease, which obligates borrower to make PILOT payments. The PILOT commenced in the 2019/20 tax year and is scheduled to expire after the tax year 2038/39. The real estate taxes were underwritten based on the abated tax amount. See “Description of the Mortgage Pool – Real Estate and Other Tax Considerations” in the preliminary prospectus for additional information.

With respect to Loan No. 30, 5501 New Utrecht Avenue, the related mortgaged property is in the process of qualifying for a 15 year Industrial & Commercial Abatement Program (“ICAP”) tax abatement which would run through the 2035/2036 tax year. The abatement amount would be 100% for the first 11 years, with the abatement percentage declining by 20% every year thereafter.
 
With respect to Loan No. 34, 651 Bushwick Avenue, the borrower has applied for 35-year 421-a Affordable Housing NY Program tax abatement that would benefit the residential portion of the mortgaged property, and a 25-year ICAP that would benefit the commercial portion of the property. Six of the residential units at the mortgaged property must be designated for affordable housing and leased at 130% of area median income. The remaining 14 units must remain free market rent stabilized for the duration of the 421-a tax abatement. The mortgaged property will receive a 100% exemption on any assessment increase above the base year assessment for the first 25 years, and a 30% exemption for the final 10 years until fully phased out. Taxes were underwritten to the abated tax amount for the residential portion equal to approximately $7,737, and the unabated tax amount for the commercial portion, excluding any ICAP benefits, equal to approximately $47,457, for a total of $55,194.
  
(17)Except for the mortgage loan(s) listed below, the UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the UW NOI DSCR and UW NCF DSCR was calculated based on initial MGM/Mandalay Lease annual rent of $292,000,000. The UW NOI DSCR and UW NCF DSCR based on UW NOI and UW NCF are 8.82x and 8.27x, respectively
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(18)In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.

With respect to Loan No. 6, The Galleria Office Towers, the mortgaged properties are subject to a condominium regime with six total condominium units (for all purposes under the condominium documents), three of which constitute the entirety of the collateral, and three of which are not part of the collateral. There are six board seats, and the borrower is allocated three of the board seats. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” for additional information.

With respect to Loan No. 9, Gestamp Automocion SLB, the mortgage loan is encumbered by the fee and leasehold interests of the mortgaged property, which includes a long-term ground lease to the Industrial Development Board of the County of Hamilton, Tennessee in the form of a PILOT, which operates as a tax incentive.

With respect to Loan No. 10, 30 Hudson Yard 67, the related mortgaged property is subject to a condominium declaration that governs eight condominium units. The borrower is entitled to approximately 1.6% of voting rights, and does not have control of the condominium board or any blocking rights with respect to for certain major decisions, such as unit removals and use of proceeds in connection with casualty or condemnation proceedings. However, the condominium policy prohibits implementation of any policies that would have disproportionately negative impacts any unit owners. In addition, the borrower has provided a non-recourse carveout for any losses associated with, among other things, the withdrawal of the unit comprising the mortgaged property from the condominium regime or termination of the condominium regime. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” in this Preliminary Prospectus for additional information.

With respect to Loan No. 14, Morgan Stanley Tower, the borrower, Second Avenue Tower Limited Partnership, is the ground lessee of 174 of the 370 parking spaces required for zoning compliance at the mortgaged property. The leasehold interest is owned by the City of St. Petersburg. The term of the ground lease expires on July 30, 2059.

With respect to Loan No. 34, 651 Bushwick Avenue, in connection with the borrower’s application for a 421-a Affordable Housing NY Program tax abatement and an ICAP tax abatement, the mortgaged property will be divided into two condominium units. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” for additional information.
  
(19)With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to mortgage loans secured by hotel properties.
  
(20)Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.

With respect to Loan No. 5, Pittock Block, at loan origination, the borrower reserved a $7,500,000 holdback (the “Holdback”) to be released upon either of the following events: (a) the borrower enters into a data license agreement with the largest tenant of the Portland NAP, a Fortune 10 technology company, which demises no fewer than 31 cabinets at the Mortgaged Property and provides for annual rent/license fees in an amount not less than $837,000 (the “Data License”), and any payment concessions in favor of the tenant/licensee and/or obligations of the borrower to perform and/or pay for any work in connection with the applicable Data License have either been completed and satisfied in full or the reserve funds have been established with the lender for the purpose of covering the same; or (b) the Mortgaged Property achieves a debt service coverage ratio of 1.95x and a loan to value ratio of 51%. The Fortune 10 technology company recently signed a license agreement for 31 additional cabinets. Accordingly, the Holdback is expected to be released to the borrower.

With respect to Loan No. 17, 711 Fifth Avenue, the borrower funded $2,000,000 at origination for estimated costs in connection with obtaining a new temporary or permanent certificate of occupancy to replace the temporary certificate of occupancy that expired in November 2019. The borrower obtained a temporary certificate of occupancy that was effective as of March 24, 2020, and the $2,000,000 has been disbursed to the borrower.

With respect to Loan No. 31, Hamden Self Storage, the borrower will have the right to make a release request (as defined in the loan agreement) no more than one time per calendar quarter, and in all cases, no release request can be made after the 24th monthly payment date upon the following conditions: (i) no trigger period has occurred and is continuing; and (ii) lender has determined that the debt yield equals or exceeds 9% (based on the proposed net loan amount after giving effect to the release of the proposed economic holdback reserve release amount).
  
(21)Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances
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 are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents.

With respect to Loan No. 3, Phillips Point, on each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $6,650,000, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $18,704.

With respect to Loan No. 12, 8670 Wilshire, the borrower was required to deposit approximately $373,771 into a rent holdback reserve at origination, which is equivalent to one year of base rent for the 3rd Largest Tenant, Screening Services Group, LLC, and the 4th Largest Tenant, Alexander Café LLC. At origination, $243,746 was deposited into a rent replication reserve related to Specialty Surgical Center of Beverly Hills, L.P.’s two months’ of free rent according to its lease.

With respect to Loan No. 13, JW Marriott Nashville, beginning on the payment date in April 2021, the Monthly Capex Reserve ($) is an FF&E reserve in an amount equal to (i) for the payment dates through and including July 2023, 3% of the gross revenues of the mortgaged property for the prior calendar month and (ii) thereafter, 4% of the gross revenues of the mortgaged property for the prior calendar month.

With respect to Loan No. 19, Orlando Technology Park, the borrower was required to deposit approximately $396,442 into an approved leasing expense reserve at origination, with $60,340 allocated to Praxis Specialty Pharmacy, approximately $236,102 allocated to D-BAT Lake Mary, and $100,000 allocated to FARO Tech. At origination, $60,483 was deposited into a free rent reserve related to D-BAT Lake Mary’s six months’ of free rent according to its lease. At origination, three months of amortizing debt service payments in an amount of approximately $325,373 was deposited into a Debt Service Reserve and held as additional collateral for the mortgage loan. Moreover, if no trigger event occurs and provided certain additional conditions are satisfied, the Debt Service Reserve will be transferred into the CapEx Reserve and/or the TI/LC Reserve six months after the Closing Date.
 
With respect to Loan No. 20, Woodbury Crossing Phase II, at origination, the guarantor gave a limited payment guaranty in the amount of up to $1,244,090 under the loan (the “Senior Debt Service Guaranty”), which is the amount of debt service due under the loan and the mezzanine loan for the first 12 months. The Senior Debt Service Guaranty will be released upon the satisfaction of certain conditions set forth in the related loan documents (but in no event earlier than 12 months), including (1) no trigger period exists, (2) the absence of any shutdown, “shelter-in-place” or  “socially distance” requirements and any other limitations on business operations relating to the COVID-19 pandemic for at least 90 days, (3) for the immediately preceding 3 month period, the mortgaged property has: (x) maintained an average occupancy rate of 92.5% and (y) maintained an average non-delinquent collection rate of 92.5% from tenants in occupancy, (4) the DSCR under the loan is no less than 1.88x and (5) the combined DSCR (for both the loan and the mezzanine loan) is no less than 1.31x. Additionally, the guarantor gave a limited payment guaranty in the amount of up to approximately $374,400 under the mezzanine loan for debt service due under the mezzanine loan during the first 12 months.

With respect to Loan No. 23, Willoughby Commons, on each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $825,000, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $22,917.

With respect to Loan No. 36, Holiday Inn Philadelphia South, the mortgage loan documents were modified in April 2020 to, among other things, defer the requirement to fund the FF&E reserve from April 2020 to and including July 2020. In addition, the mortgage loan documents are expected to be further modified to require the borrower to, from and after the Payment Date occurring in August 2020, in addition to the FF&E monthly deposit, deposit into the Monthly Capex Reserve ($) an amount equal to the excess cash flow remaining after satisfaction of the waterfall items as set forth in the mortgage loan documents (a “FF&E Reserve True Up Deposit”) until such time as the aggregate amount of FF&E Reserve True Up Deposits deposited with the lender equals the aggregate amount of the FF&E monthly deposits deferred pursuant to the mortgage loan documents.

With respect to Loan No. 38, Deschutes Business Center, the borrower is required to make monthly deposits into the Leasing Reserve Account (i) commencing with the first monthly payment date and on each monthly payment date occurring thereafter up to and including the 36th monthly payment date, in an amount equal to $2,775.75, and (ii) commencing with the 37th monthly payment date and on each monthly payment date occurring thereafter up to but not including the stated maturity date, during which a Trigger Period has occurred and is continuing, in an amount equal to $1,997.69 for tenant improvements and leasing commissions.
  
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 With respect to Loan No. 38, Deschutes Business Center, the borrower is required to make monthly deposits into the Replacement Reserve Account (i) commencing with the first monthly payment date and on each monthly payment date occurring thereafter up to and including the 48th monthly payment date, in an amount equal to $1,346.83, and (ii) commencing with the 49th monthly payment date and on each monthly payment date occurring thereafter up to and including the 96th monthly payment date, in an amount equal to $451.08.
  
(22)Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

With respect to Loan No. 7, U.S. Industrial Portfolio VI, the CapEx Reserve Cap ($) is equal to the product of (x) $0.10 multiplied by (y) the aggregate number of rentable square feet then contained in the mortgaged properties multiplied by (z) three. The TI/LC Reserve Cap ($) is equal to the product of (x) $0.20 multiplied by (y) the aggregate number of rentable square feet then contained in the mortgaged properties multiplied by (z) three. As of the Cut-off Date, the aggregate number of rentable square feet is 2,981,955.

With respect to Loan No. 19, Orlando Technology Park, at origination, $1,000,000 was escrowed into the TI/LC Reserve. The borrower’s obligation to escrow funds into the TI/LC Reserve will be suspended so long as the DSCR is equal to or greater than 1.50x and at least $500,000 is in the TI/LC Reserve. If at any point during the loan term the funds in the TI/LC Reserve fall below $500,000, or the DSCR drops below 1.50x, $16,108 per month ($0.65 per square foot per annum) will be escrowed into the TI/LC Reserve until it reaches $1,000,000. The $1,000,000 cap is only applicable so long as the DSCR is equal to or greater than 1.50x.

With respect to Loan No. 23, Willoughby Commons, the TI/LC Reserve Cap ($) will increase to $1,250,000 if any amounts attributable to termination proceeds deposited in the TI/LC reserve account are included in the calculation.
  
(23)With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. In some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 3, Phillips Point, the 4th Largest Tenant, Greenberg Traurig, representing approximately 6.7% of the net rentable area, subleases 2,796 square feet to Frankel Loughran Starr & Vallone on a 24-month term through May 2021 at $34.00 per square foot.

With respect to Loan No. 6.02, The Galleria Office Towers – Galleria Tower II, the Largest Tenant, Quanta Services, subleases 56,345 square feet from Panhandle Eastern Pipe Line Company, L.P.

With respect to Loan No. 6.02, The Galleria Office Towers – Galleria Tower II, the 3rd Largest Tenant, Kane Russell Coleman & Logan PC, subleases 18,687 square feet from Panhandle Eastern Pipe Line Company, L.P.

With respect to Loan No. 6.03, The Galleria Office Towers – Galleria Financial Center, the 2nd Largest Tenant, Southwest Risk, LP, subleases 7,775 square feet to Big Data Energy Services, Inc.

With respect to Loan No. 10, 30 Hudson Yards 67, Related Companies L.P., the sole tenant at the mortgaged property with a lease expiration date of February 28, 2039, is subleasing its entire premises to Facebook, Inc. whose sublease expires in June 30, 2024.

With respect to Loan No. 15, The Village at Meridian, the Third Largest Tenant, OpSec Online LLC, has subleased 13,500 square feet of its total lease area of 40,805 square feet to Engage Technologies Group, Inc. for 52 months. The term of the sublease commenced on November 1, 2020, and expires on February 27, 2025, one day before the expiration date of the prime lease.
  
(24)In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

With respect to Loan No. 1, 410 Tenth Avenue, the Largest Tenant, Amazon, leases (i) floors 9-14 and 16-20 totaling 300,206 square feet with an expected lease commencement date in March 2021 and lease expiration in May 2037 and (ii) floor 15 totaling 35,202 square feet with an expected lease commencement date in May 2021 and lease expiration in July 2037.
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 With respect to Loan No. 1, 410 Tenth Avenue, the 2nd Largest Tenant, First Republic, leases (i) floors 2-6 totaling 189,260 square feet and (ii) ground floor and below grade retail space totaling 22,261 square feet with a lease commencement date in April 2021 and an expiration date in August 2036.

With respect to Loan No. 5, Pittock Block, the Largest Tenant, LS Networks, leases 15,238 square feet of which (i) 14,821 square feet is office space leased for $22.73 per square foot and is set to expire in July 2021 and (ii) 417 square feet is storage space leased for approximately $8.49 per square foot on a month to month basis. The Second Largest Tenant, Hennebery Eddy Architects, leases 13,696 square feet of which (i) 13,522 square feet is office space leased for $28.84 per square foot and is set to expire in July 2027 and (ii) 174 square feet is storage space leased for approximately $7.59 per square foot on a month to month basis. The Third Largest Tenant, Sagacity Media Inc., leases 11,936 square feet of which (i) 11,850 square feet is office space leased for $24.13 per square foot and is set to expire in March 2023 and (ii) 86 square feet is storage space leased for approximately $6.28 per square foot on a month to month basis. The Fourth Largest Tenant, Oregon Symphony, leases 10,701 square feet of which (i) 10,229 square feet is office space leased for $25.34 per square foot and is set to expire in October 2023 and (ii) 472 square feet is storage space leased for approximately $6.23 per square foot on a month to month basis.

With respect to Loan. 12, 8670 Wilshire, the Largest Tenant, Cedars-Sinai Medical Center, leases 23,329 square feet that expires on November 30, 2026 and 5,502 square feet that expires on January 31, 2023.

With respect to Loan No. 16, Millennium Corporate Park, the Largest Tenant, Microsoft Corp., representing approximately 89.2% of the net rentable area, leases 199,843 square feet expiring on April 30, 2028, 148,545 square feet expiring on May 31, 2024 and 130,805 square feet expiring on May 31, 2022.
(25)The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.

With respect to Loan No. 1, 410 Tenth Avenue, (a) the Largest Tenant, Amazon, has the right to terminate its lease with respect to all or, if the floors are contiguous, less than all of its premises (the “Terminated Premises”) effective as of May 29, 2032 (based on assumed first tranche commencement date of March 25, 2021 and first tranche rent commencement date of May 29, 2022) with a 600 days’ prior written notice and the payment of a termination fee equal to the an amount equal to the then unamortized portion (determined on a straight-line basis over the 10 year period commencing on the last rent commencement date) of certain costs associated with the Terminated Premises in accordance with the lease; and (b) the 2nd Largest Tenant, Related, has the right to terminate its lease effective October 31, 2030, October 31, 2035 or October 31, 2040, in each case with 18 months’ prior notice.

With respect to Loan No. 3, Phillips Point, the 2nd Largest Tenant, Akerman, Senterfitt & Eidson, representing approximately 10.8% of the net rentable area, has two, one-time rights to reduce its premises and/or terminate its lease with respect to the entire premises effective October 31, 2023 or April 30, 2026, with nine months’ prior notice and payment of a reduction or termination fee.

With respect to Loan No. 5, Pittock Block, approximately 55.6% of the underwritten rent at the Mortgaged Property is currently leased on month-to-month leases that comprise a large portion of data centers, colocations and “meet-me-rooms” spaces collectively referred to as the Pittock Internet Exchange (“Portland NAP”). The Portland NAP represents approximately 73.0% of the underwritten rent at the Mortgaged Property (excluding rent associated with the new license agreement expected to be signed with a Fortune 10 technology company). The Second Largest Tenant of the Portland NAP by the underwritten colocation and cross connect rent, Facebook, has three separate license agreements for colocation space of which (i) two license agreements collectively representing $1,458,000 in underwritten rent are set to expire in January 2025 and (ii) one license agreement representing $525,600 in underwritten rent is on a month to month basis. The Fourth Largest Tenant of the Portland NAP by the underwritten colocation and cross connect rent, Zayo, has seven separate license agreements for the colocation space of which (i) one license agreement representing $364,152 in underwritten rent is set to expire in December 2022, (ii) two license agreements collectively representing $174,840 in underwritten rent are on a month to month basis, (iii) two license agreements collectively representing $127,296 in underwritten rent are set to expire in March 2021, (iv) one license agreement representing $122,400 in underwritten rent is set to expire in July 2021 and (v) one license agreement representing $112,800 in underwritten rent is set to expire in April 2021. Please see “Annex A-3 – Description of Top Fifteen Mortgage Loans – Pittock Block” for additional information related to the Portland NAP.
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 With respect to Loan No. 6.01, The Galleria Office Towers – Galleria Tower I, the 2nd Largest Tenant, Citigroup Technology, provided no event of default, has a one-time right to terminate either 100.0% or up to 50.0% of its space on June 30, 2025 upon 12 months’ written notice to the landlord. Citigroup Technology will pay an early termination fee.
 
With respect to Loan No. 6.01, The Galleria Office Towers – Galleria Tower I, the 4th Largest Tenant, BKD, LLP, has a one-time right to contract up to the entirety of the 14th floor (9,440 square feet) effective as of April 30, 2024.

With respect to Loan No. 8.01, Boca Office Portfolio – Boardwalk @ 18th, the 2nd Largest Tenant, Carraba’s Tropical Coast, commencing May 1, 2021, if sales from the mortgaged property fall below $2,500,000 for the prior trailing twelve-month period, the tenant will have the option of terminating its lease by written notice to landlord. The lease will terminate 30 days after tenant’s exercise of the early termination option.

With respect to Loan No. 8.03, Boca Office Portfolio – City National Park, the 4th Largest Tenant, Harbinger Capital Group, will have the right to terminate its lease on 60 days prior notice to the landlord.

With respect to Loan No, 8.04, Boca Office Portfolio – Grove Centre, the 2nd Largest Tenant, Kabbalah Center, landlord agrees that no part of the center and no part of the mortgaged property will be used for a spiritual center, or religious institution or any other similar type of business service and landlord will not execute any lease in the center or within any part of the mortgaged property permitting the same. A violation of this provision will constitute material default of landlord entitling the tenant to all rights and remedies at law and in equity including injunctive relief, and the unilateral right of the tenant to terminate its lease, upon 10 days written notice to landlord.

With respect to Loan No, 8.04, Boca Office Portfolio – Grove Centre, the 4th Largest Tenant, Sequoia Insurance, the tenant may return Suite 313 (1,393 square feet) by giving landlord at least 6 months’ prior written notice and by paying the cost of closing the doorway between the adjoining suites. The tenant will also forfeit $3,500 of their security deposit.

With respect to Loan No. 14, Morgan Stanley Tower, The Largest Tenant, Morgan Stanley Smith Barney, has the option to terminate its lease on May 1, 2022 upon 12 months’ notice and payment of a termination fee of $1,087,310 or on May 1, 2025 upon 12 months’ notice and payment of a termination fee of $786,024.

With respect to Loan No. 14, Morgan Stanley Tower, The 3rd Largest Tenant, DCR Loan Servicing, LLC has the right to terminate its lease on July 31, 2025 on nine months’ notice and payment of a $375,000 termination fee.

With respect to Loan No. 19, Orlando Technology Park, the 2nd Largest Tenant, FARO Tech, has a one-time termination option effective on January 1, 2023 with twelve months’ prior notice and a termination payment of approximately $406,408. The 4th Largest Tenant, AOE, has a one-time termination option effective on November 30, 2025 with nine months’ prior written notice and a termination payment that will be amortized based on the straight line method of amortization at an interest rate of 8.0% over a period equal to the length of the term of the lease.

With respect to Loan No. 26, 9633 Westheimer Road, the 2nd Largest Tenant, Tesla Motors TX, Inc., if the tenant does not obtain all approvals - improvement approvals, zoning approvals, licensing approvals - within the initial approvals period of 120 days after commencement date as well as two additional periods of 30 days known as extended approval periods, the tenant, within 10 business days after the expiration of the approvals period, has the right to terminate the lease. If the tenant fails to deliver the termination notice to landlord prior to the expiration of such 10 business day period, tenant will be deemed to have waived its right to terminate the lease.
  
(26)In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the guarantors’ liability for full recourse events is several and not joint, and is capped at an amount equal to 10% of the aggregate outstanding principal balance of the MGM Grand & Mandalay Bay Loan Combination as of the date of the event. In addition, only the MGM Grand & Mandalay Bay Borrowers are liable for breaches of environmental covenants; provided, however, that if the MGM Grand & Mandalay Bay Borrowers fail to maintain an environmental insurance policy required under the MGM Grand & Mandalay Bay Loan Combination documents, the guarantors are liable for losses other than (x) for any amounts in excess of the applicable coverage amounts under the environmental policy had the same been renewed, replaced or extended as required under the loan agreement and (y) for any amounts recovered under the environmental policy. In addition, recourse for transfers of the MGM Grand & Mandalay Bay Properties or controlling equity interests in the MGM Grand & Mandalay Bay Borrowers is loss recourse, rather than full recourse.
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 With respect to Loan No. 5, Pittock Block, the carveout guarantor, pursuant to the related non-recourse carveout guaranty agreement, and HSRE Social Infrastructure REIT Holding I, LLC, a Delaware limited liability company, pursuant to a separate guaranty agreement provided solely in connection with the Oregon Enforcement Moratorium (the “Oregon Moratorium Guaranty Agreement”), have each provided (i) a recourse for losses if the lender is actually unable to exercise any remedies set forth in the Mortgage Loan documents (other than a Foreclosure Remedy, as defined below), and (ii) full recourse in the event that, after the occurrence of an event of default, the lender is actually unable to (including, without limitation, if the lender is forced to forbear from) foreclose, appoint a receiver, accept a deed-in-lieu or take any other similar action to dispossess the borrower of the Mortgaged Property in connection with an exercise of remedies under the Mortgage Loan documents (a “Foreclosure Remedy”) as a direct result of the Oregon Enforcement Moratorium.

With respect to Loan No. 15, The Village at Meridian, there is no separate non-recourse carveout guarantor or environmental indemnitor, and the borrower is the sole party responsible for breaches or violations of the nonrecourse carve-out provisions in the related Mortgage Loan documents. At origination of the Mortgage Loan, the borrower obtained an environmental insurance policy issued from Ironshore Specialty Insurance Company in the name of the borrower, with the lender as additional named insured with its successors, assigns and/or affiliates, with per incident and aggregate limits of $10,000,000, a $50,000 per incident self-insured retention and a term expiring on October 5, 2022. The Mortgage Loan documents require that the borrower obtain and maintain a pollution legal liability insurance policy, which, among other conditions, is required to be maintained for a period continuing through 36 months beyond the maturity date of the mortgage loan of February 5, 2031.
 With respect to Loan Nos. 16 and 17, Millennium Corporate Park and 711 Fifth Avenue, in each case, there is no separate non-recourse carveout guarantor and each of the related borrowers is the only indemnitor under the related environmental indemnity agreement. Please see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations” for additional information.
  
(27)The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, the borrower sent a notice to the lender on February 8, 2021, which provides the borrower expects that, when the lender determines the EBITDAR-to-debt service coverage ratio as of December 31, 2020, a MGM Grand & Mandalay Bay trigger period will occur under the terms of the MGM Grand & Mandalay Bay whole loan documents. Accordingly, the borrower has provided notice to the lender of its desire to elect to deliver an excess cash flow guaranty for the benefit of the lender in lieu of depositing all excess cash flow into a reserve account in accordance with the terms and conditions of the MGM Grand & Mandalay Bay whole loan documents. The borrower proposed (i) BREIT Prime Lease Holdings LLC and (ii) MGM Growth Properties Operating Partnership LP to be the guarantors under the excess cash flow guaranty.

With respect to Loan No. 36, Holiday Inn Philadelphia South, the mortgaged property has experienced reduced revenue in large part from the COVID-19 pandemic, and the debt service coverage ratio has fallen below the threshold below which a cash sweep period is triggered (the “DSCR Trigger”) and the borrower is required to establish a lockbox and a cash management agreement. The lender and the borrower are anticipated to enter into amendments to the mortgage loan documents pursuant to which the lender is expected to temporarily waive the commencement of a cash sweep period triggered by the DSCR Trigger, and the borrower is expected to be required to establish (a) the lockbox account by no later than March 31, 2021, and (b) the cash management account by no later than January 1, 2022.
  
(28)Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness” and “—Other Indebtedness” and “Certain Legal Aspects of the Mortgage Loans” in the Prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 2, MGM Grand & Mandalay Bay, The MGM Grand & Mandalay Bay Borrowers have a one-time right to borrow a mezzanine loan subordinate to the MGM Grand & Mandalay Bay Whole Loan, subject to credit and legal criteria specified in the MGM Grand & Mandalay Bay Whole Loan documents, including, without limitation: (i) a combined maximum loan to value ratio (based on appraisals ordered by the lender in connection with the closing of the mezzanine loan and calculated based on the outstanding principal balance of the MGM Grand & Mandalay Bay Whole Loan and the initial principal amount of the mezzanine loan) of 67.0%, (ii) a debt service coverage ratio at the closing of the mezzanine loan at least equal to 4.81x, in each case, inclusive of the additional mezzanine debt and (iii) an intercreditor agreement reasonably satisfactory to the lender. The lender’s receipt of a rating agency confirmation will not be required in connection with the mezzanine loan.
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 With respect to Loan No. 20, Woodbury Crossing Phase II, the mortgaged property has subordinate debt in the form of a $3,120,000 interest-only mezzanine loan from Greystone Servicing Company LLC, and the mezzanine loan is coterminous with the senior loan. See “Description of the Mortgage Loans – Additional Debt” in the Prospectus.
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