FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206677-15 | ||
BANK 2017-BNK4 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-206677) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Wells Fargo Securities, LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Academy Securities, Inc., or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Mortgage Loan Seller (1) | Cross Collateralized and Cross Defaulted Loan Flag (2) | Address | City | State | Zip Code | General Property Type | Specific Property Type | Year Built | ||||||||||
1 | D.C. Office Portfolio | BANA | Various | Washington | DC | 20036 | Office | CBD | Various | |||||||||||
1.01 | 1020 19th Street | BANA | 1020 19th Street Northwest | Washington | DC | 20036 | Office | CBD | 1982 | |||||||||||
1.02 | 1900 L Street | BANA | 1900 L Street Northwest | Washington | DC | 20036 | Office | CBD | 1965 | |||||||||||
1.03 | 1920 L Street | BANA | 1920 L Street Northwest | Washington | DC | 20036 | Office | CBD | 1963 | |||||||||||
2 | The Summit Birmingham | BANA | 214 Summit Boulevard | Birmingham | AL | 35243 | Retail | Lifestyle Center | 1997 | |||||||||||
3 | One West 34th Street | WFB | One West 34th Street; 358 & 362 Fifth Avenue | New York | NY | 10001 | Office | CBD | 1906 | |||||||||||
4 | Pentagon Center | MSMCH | 2521 South Clark Street & 2530 Crystal Drive | Arlington | VA | 22202 | Office | Suburban | 1970 | |||||||||||
5 | JW Marriott Desert Springs | MSMCH | 74-855 Country Club Drive | Palm Desert | CA | 92260 | Hospitality | Full Service | 1987 | |||||||||||
6 | The Davenport | WFB | 25 First Street | Cambridge | MA | 02141 | Office | CBD | 1888 | |||||||||||
7 | Plaza 500 | BANA | 6295 Edsall Road | Alexandria | VA | 22312 | Industrial | Flex | 1973 | |||||||||||
8 | U.S. Grant Hotel | BANA | 326 Broadway Street | San Diego | CA | 92101 | Hospitality | Full Service | 1910 | |||||||||||
9 | Merrill Lynch Drive | MSMCH | 1300, 1350 and 1400 Merrill Lynch Drive | Hopewell | NJ | 08534 | Office | Suburban | 2001 | |||||||||||
10 | Key Center Cleveland | BANA | 127 Public Square | Cleveland | OH | 44114 | Mixed Use | Office/Hospitality/Parking | 1991 | |||||||||||
11 | DoubleTree Greenway Houston | MSMCH | 6 Greenway Plaza East | Houston | TX | 77046 | Hospitality | Full Service | 1975 | |||||||||||
12 | American Greetings HQ | BANA | 2250 Crocker Road | Westlake | OH | 44145 | Office | Suburban | 2016 | |||||||||||
13 | The Shoppes at South Bay | WFB | 19503 Normandie Avenue; 1431 & 1441 West Knox Street | Torrance | CA | 90501 | Retail | Anchored | 2005 | |||||||||||
14 | GM Renaissance Center Parking Garage | BANA | 414 Renaissance Drive West | Detroit | MI | 48226 | Other | Parking Garage | 1978 | |||||||||||
15 | Ralph’s Food Warehouse Portfolio | MSMCH | Various | Various | PR | Various | Retail | Various | Various | |||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | MSMCH | Carretera #3, KM 45.5, Bo. Quebrada, Esquina Calle Igualdad | Fajardo | PR | 00738 | Retail | Anchored | 2011 | |||||||||||
15.02 | Instituto de Banca y Comercio | MSMCH | PR #1, Km 33.8, Bo. Bairoa Lot 3 | Caguas | PR | 00725 | Retail | Single Tenant | 1992 | |||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | MSMCH | PR-901, Km 13.5, Plaza Yabucoa | Yabucoa | PR | 00767 | Retail | Anchored | 2001 | |||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | MSMCH | Angora Industrial Park, Km 33.3 Bairoa | Caguas | PR | 00725 | Retail | Anchored | 2008 | |||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | MSMCH | Triumph Plaza, Lote #6, PR-3 | Humacao | PR | 00792 | Retail | Anchored | 2005 | |||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | MSMCH | Carretera 189, Km. 7.8 Plaza Gurabo | Gurabo | PR | 00778 | Retail | Anchored | 2000 | |||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | MSMCH | PR-31, Km 3.7, El Duque Ward | Naguabo | PR | 00718 | Retail | Anchored | 2007 | |||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | MSMCH | PR-183, Ramal 9931, Bo Hato | San Lorenzo | PR | 00754 | Retail | Single Tenant | 1989 | |||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | MSMCH | PR-15, Km 25.5, Industrial Avenue | Cayey | PR | 00737 | Retail | Single Tenant | 1999 | |||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | MSMCH | PR-183, Centro Industrial | Las Piedras | PR | 00771 | Retail | Single Tenant | 1990 | |||||||||||
15.11 | Supermercado del Este | MSMCH | H Este San Jose Shopping Center, Carretera #3 | Humacao | PR | 00792 | Retail | Single Tenant | 1989 | |||||||||||
16 | Preferred Freezer Philadelphia | WFB | 3101 South 3rd Street | Philadelphia | PA | 19148 | Industrial | Cold Storage | 2007 | |||||||||||
17 | Empire Tower I | WFB | 3633 Inland Empire Boulevard | Ontario | CA | 91764 | Office | Suburban | 1991 | |||||||||||
18 | 2200 Renaissance Boulevard | WFB | 2200 Renaissance Boulevard | King of Prussia | PA | 19406 | Office | Suburban | 1985 | |||||||||||
19 | B.F. Saul Hotel Portfolio | WFB | Various | Various | FL | Various | Hospitality | Limited Service | 1999 | |||||||||||
19.01 | SpringHill Suites Boca Raton | WFB | 5130 Northwest 8th Avenue | Boca Raton | FL | 33487 | Hospitality | Limited Service | 1999 | |||||||||||
19.02 | TownePlace Suites Boca Raton | WFB | 5110 Northwest 8th Avenue | Boca Raton | FL | 33487 | Hospitality | Limited Service | 1999 | |||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | WFB | 3100 West Prospect Road | Fort Lauderdale | FL | 33309 | Hospitality | Limited Service | 1999 | |||||||||||
20 | Walgreens Alaska | MSMCH | Y - Crossed Group A | 2550 E 88th Avenue | Anchorage | AK | 99507 | Retail | Single Tenant | 2013 | ||||||||||
21 | Walgreens New York | MSMCH | Y - Crossed Group A | 416 Windsor Highway | Vails Gate | NY | 12553 | Retail | Single Tenant | 2011 | ||||||||||
22 | Walgreens Alabama | MSMCH | Y - Crossed Group A | 9195 Moffett Road | Semmes | AL | 36575 | Retail | Single Tenant | 2012 | ||||||||||
23 | San Mateo Self Storage | BANA | 1140-1160 19th Avenue | San Mateo | CA | 94403 | Self Storage | Self Storage | 2006 | |||||||||||
24 | King Plaza Center | BANA | 950-980 King Drive | Daly City | CA | 94015 | Retail | Anchored | 1970 | |||||||||||
25 | Plaza at Milltown Commercial Center | MSMCH | 94-450 Mokuola Street | Waipahu | HI | 96797 | Mixed Use | Retail/Office | 2007/2016 | |||||||||||
26 | Hilton – Mystic, CT | BANA | 20 Coogan Boulevard | Mystic | CT | 06355 | Hospitality | Full Service | 1986 | |||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | WFB | 311 Chestnut Street | Chattanooga | TN | 37402 | Hospitality | Full Service | 2001 | |||||||||||
28 | Mercury Tech Center | BANA | 8125, 8155, 8195, 8208, 8228, 8248 Mercury Court | San Diego | CA | 92111 | Industrial | Flex | 1973 | |||||||||||
29 | Crossroads Shopping Center-Bakersfield | WFB | 6300 White Lane | Bakersfield | CA | 93309 | Retail | Anchored | 1986 | |||||||||||
30 | Bay Area Apartment Portfolio | BANA | Various | Oakland | CA | 94606 | Multifamily | Mid Rise | Various | |||||||||||
30.01 | Athol Apartments | BANA | 166 Athol Avenue | Oakland | CA | 94606 | Multifamily | Mid Rise | 1965 | |||||||||||
30.02 | Lester Apartments | BANA | 267 Lester Avenue | Oakland | CA | 94606 | Multifamily | Mid Rise | 1966 | |||||||||||
31 | Fashion Place Shopping Center | MSMCH | 2720 Decker Boulevard | Columbia | SC | 29206 | Retail | Anchored | 1986 | |||||||||||
32 | Alameda Apartments | BANA | 1415 Broadway | Alameda | CA | 94501 | Multifamily | Garden | 1926 | |||||||||||
33 | North Main Self Storage | WFB | 1280 North Main Street | Manteca | CA | 95336 | Self Storage | Self Storage | 2004 | |||||||||||
34 | 24-HR Fitness - Pearland | MSMCH | 10011 West Broadway Street | Pearland | TX | 77584 | Retail | Single Tenant | 2007 | |||||||||||
35 | Medford Retail Shops | BANA | 499, 971, 969, 961, 959, 953, 973, 975, 987, 1087, 1089, 1091, and 1093 Medford Center Drive | Medford | OR | 97501 | Retail | Shadow Anchored | 1959 | |||||||||||
36 | Magnolia Tech Park Portfolio | MSMCH | Various | Magnolia | TX | 77354 | Industrial | Flex | Various | |||||||||||
36.01 | Magnolia Tech Park | MSMCH | 33126-33138 Magnolia Circle | Magnolia | TX | 77354 | Industrial | Flex | 2012 | |||||||||||
36.02 | Tamina Office Park | MSMCH | 32222-32302 Tamina Road | Magnolia | TX | 77354 | Industrial | Flex | 2009 | |||||||||||
37 | Best Western – Hannaford, OH | BANA | 5900 East Galbraith Road | Cincinnati | OH | 45236 | Hospitality | Limited Service | 2000 | |||||||||||
38 | Huntsville Commons | WFB | 2250 Sparkman Drive | Huntsville | AL | 35810 | Retail | Shadow Anchored | 2006 | |||||||||||
39 | Red Roof Inn BWI Airport | MSMCH | 827 Elkridge Landing Road | Linthicum Heights | MD | 21090 | Hospitality | Limited Service | 1986 | |||||||||||
40 | Kingwood Forest Apartments | MSMCH | 8200 Wild Briar Drive | Shreveport | LA | 71108 | Multifamily | Garden | 1984 | |||||||||||
41 | Lawndale Plaza | MSMCH | 7049 & 7053 Lawndale Street | Houston | TX | 77023 | Retail | Anchored | 1960 | |||||||||||
42 | Barry Plaza | MSMCH | 3019-3059 North Pulaski Road | Chicago | IL | 60641 | Retail | Unanchored | 1987 | |||||||||||
43 | 301-333 S Abbot Avenue | WFB | 301-315 and 333 South Abbott Avenue | Milpitas | CA | 95035 | Retail | Unanchored | 1990 | |||||||||||
44 | Amcor Industrial | MSMCH | 6161 North 64th Street | Milwaukee | WI | 53218 | Industrial | Light Industrial | 1958 | |||||||||||
45 | Walgreens Bluffton | WFB | 868 Fording Island Road | Bluffton | SC | 29910 | Retail | Single Tenant | 2005 | |||||||||||
46 | Walgreens – Holyoke, MA | BANA | 1588 Northampton Street | Holyoke | MA | 01040 | Retail | Single Tenant | 1999 | |||||||||||
47 | Phenix Square | WFB | 1101-1119 Highway 280 Bypass | Phenix City | AL | 36867 | Retail | Anchored | 1978 | |||||||||||
48 | Dickinson Fiesta MHC | BANA | 3200 & 3300 Dickinson Avenue | Dickinson | TX | 77539 | Manufactured Housing Community | Manufactured Housing Community | 1970 |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Year Renovated | Number of Units (3) | Unit of Measure (3) | Cut-off Date Balance Per Unit/SF (4) | Original Balance ($) | Cut-off Date Balance ($) (4) | % of Aggregate Cut-off Date Balance | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date | Last IO Pay Date | First P&I Pay Date | ||||||||||||||
1 | D.C. Office Portfolio | Various | 328,319 | Sq. Ft. | 320 | 70,000,000 | 70,000,000 | 6.9% | 70,000,000 | N | 2/13/2017 | 4/1/2017 | 3/1/2027 | |||||||||||||||
1.01 | 1020 19th Street | 1999 | 115,737 | Sq. Ft. | 23,646,667 | 23,646,667 | 2.3% | |||||||||||||||||||||
1.02 | 1900 L Street | 2002 | 104,859 | Sq. Ft. | 23,233,333 | 23,233,333 | 2.3% | |||||||||||||||||||||
1.03 | 1920 L Street | 1999 | 107,723 | Sq. Ft. | 23,120,000 | 23,120,000 | 2.3% | |||||||||||||||||||||
2 | The Summit Birmingham | 2009 | 681,245 | Sq. Ft. | 305 | 61,875,000 | 61,875,000 | 6.1% | 61,875,000 | N | 12/20/2016 | 2/1/2017 | 1/1/2027 | |||||||||||||||
3 | One West 34th Street | 2016 | 210,338 | Sq. Ft. | 713 | 60,000,000 | 60,000,000 | 6.0% | 60,000,000 | N | 3/15/2017 | 5/6/2017 | 4/6/2027 | |||||||||||||||
4 | Pentagon Center | 2002 | 911,818 | Sq. Ft. | 230 | 55,000,000 | 55,000,000 | 5.5% | 55,000,000 | N | 2/21/2017 | 3/6/2017 | 3/6/2027 | |||||||||||||||
5 | JW Marriott Desert Springs | 2017 | 884 | Rooms | 129,767 | 55,000,000 | 54,863,232 | 5.4% | 50,832,722 | N | 1/11/2017 | 3/1/2017 | 3/1/2017 | |||||||||||||||
6 | The Davenport | 2015 | 230,864 | Sq. Ft. | 455 | 50,000,000 | 50,000,000 | 5.0% | 50,000,000 | N | 2/6/2017 | 3/11/2017 | 2/11/2027 | |||||||||||||||
7 | Plaza 500 | 1989 | 502,807 | Sq. Ft. | 97 | 48,750,000 | 48,750,000 | 4.8% | 48,750,000 | N | 2/17/2017 | 4/1/2017 | 3/1/2027 | |||||||||||||||
8 | U.S. Grant Hotel | 2017 | 270 | Rooms | 174,074 | 47,000,000 | 47,000,000 | 4.7% | 41,200,849 | N | 2/2/2017 | 4/1/2017 | 3/1/2019 | 4/1/2019 | ||||||||||||||
9 | Merrill Lynch Drive | 553,841 | Sq. Ft. | 187 | 41,440,000 | 41,440,000 | 4.1% | 41,440,000 | Y | 1/31/2017 | 3/6/2017 | 2/6/2022 | ||||||||||||||||
10 | Key Center Cleveland | 2015 | 1,369,980 | Sq. Ft. | 161 | 40,000,000 | 40,000,000 | 4.0% | 32,630,530 | N | 1/31/2017 | 3/6/2017 | 2/6/2019 | 3/6/2019 | ||||||||||||||
11 | DoubleTree Greenway Houston | 2015 | 388 | Rooms | 100,262 | 39,000,000 | 38,901,583 | 3.9% | 32,117,228 | N | 1/25/2017 | 3/1/2017 | 3/1/2017 | |||||||||||||||
12 | American Greetings HQ | 655,969 | Sq. Ft. | 139 | 38,000,000 | 37,669,589 | 3.7% | 28,110,641 | N | 10/5/2016 | 12/1/2016 | 12/1/2016 | ||||||||||||||||
13 | The Shoppes at South Bay | 196,912 | Sq. Ft. | 188 | 37,000,000 | 37,000,000 | 3.7% | 37,000,000 | N | 3/8/2017 | 4/11/2017 | 3/11/2027 | ||||||||||||||||
14 | GM Renaissance Center Parking Garage | 2016 | 1,273 | Spaces | 24,664 | 31,500,000 | 31,397,064 | 3.1% | 23,984,664 | N | 1/10/2017 | 3/1/2017 | 3/1/2017 | |||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Various | 667,457 | Sq. Ft. | 63 | 25,000,000 | 24,890,754 | 2.5% | 16,563,097 | N | 1/30/2017 | 3/1/2017 | 3/1/2017 | |||||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | 98,260 | Sq. Ft. | 5,416,667 | 5,392,997 | 0.5% | ||||||||||||||||||||||
15.02 | Instituto de Banca y Comercio | 2007 | 60,000 | Sq. Ft. | 3,690,476 | 3,674,349 | 0.4% | |||||||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | 89,312 | Sq. Ft. | 3,125,000 | 3,111,344 | 0.3% | ||||||||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | 72,640 | Sq. Ft. | 2,797,619 | 2,785,394 | 0.3% | ||||||||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | 82,357 | Sq. Ft. | 2,380,952 | 2,370,548 | 0.2% | ||||||||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | 50,954 | Sq. Ft. | 1,994,048 | 1,985,334 | 0.2% | ||||||||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | 57,134 | Sq. Ft. | 1,845,238 | 1,837,175 | 0.2% | ||||||||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | 45,109 | Sq. Ft. | 1,041,667 | 1,037,115 | 0.1% | ||||||||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | 40,424 | Sq. Ft. | 1,011,905 | 1,007,483 | 0.1% | ||||||||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | 2012 | 40,862 | Sq. Ft. | 952,381 | 948,219 | 0.1% | |||||||||||||||||||||
15.11 | Supermercado del Este | 30,405 | Sq. Ft. | 744,048 | 740,796 | 0.1% | ||||||||||||||||||||||
16 | Preferred Freezer Philadelphia | 138,236 | Sq. Ft. | 174 | 24,000,000 | 24,000,000 | 2.4% | 24,000,000 | N | 1/31/2017 | 3/11/2017 | 2/11/2027 | ||||||||||||||||
17 | Empire Tower I | 179,604 | Sq. Ft. | 134 | 24,000,000 | 24,000,000 | 2.4% | 20,758,807 | N | 2/10/2017 | 3/11/2017 | 2/11/2019 | 3/11/2019 | |||||||||||||||
18 | 2200 Renaissance Boulevard | 2014 | 184,118 | Sq. Ft. | 130 | 24,000,000 | 24,000,000 | 2.4% | 21,395,318 | N | 3/10/2017 | 4/11/2017 | 3/11/2020 | 4/11/2020 | ||||||||||||||
19 | B.F. Saul Hotel Portfolio | Various | 331 | Rooms | 60,423 | 20,000,000 | 20,000,000 | 2.0% | 15,018,747 | N | 3/13/2017 | 5/11/2017 | 5/11/2017 | |||||||||||||||
19.01 | SpringHill Suites Boca Raton | 2013 | 146 | Rooms | 9,250,000 | 9,250,000 | 0.9% | |||||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | 2013 | 91 | Rooms | 5,750,000 | 5,750,000 | 0.6% | |||||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 94 | Rooms | 5,000,000 | 5,000,000 | 0.5% | ||||||||||||||||||||||
20 | Walgreens Alaska | 14,418 | Sq. Ft. | 456 | 7,550,000 | 7,550,000 | 0.7% | 6,991,882 | N | 1/20/2017 | 3/1/2017 | 2/1/2022 | 3/1/2022 | |||||||||||||||
21 | Walgreens New York | 14,550 | Sq. Ft. | 456 | 6,825,000 | 6,825,000 | 0.7% | 6,320,476 | N | 1/20/2017 | 3/1/2017 | 2/1/2022 | 3/1/2022 | |||||||||||||||
22 | Walgreens Alabama | 14,550 | Sq. Ft. | 456 | 5,475,000 | 5,475,000 | 0.5% | 5,070,272 | N | 1/20/2017 | 3/1/2017 | 2/1/2022 | 3/1/2022 | |||||||||||||||
23 | San Mateo Self Storage | 108,218 | Sq. Ft. | 176 | 19,000,000 | 19,000,000 | 1.9% | 19,000,000 | N | 1/20/2017 | 3/1/2017 | 2/1/2027 | ||||||||||||||||
24 | King Plaza Center | 59,538 | Sq. Ft. | 269 | 16,000,000 | 16,000,000 | 1.6% | 16,000,000 | N | 12/30/2016 | 2/1/2017 | 1/1/2027 | ||||||||||||||||
25 | Plaza at Milltown Commercial Center | 36,378 | Sq. Ft. | 381 | 13,900,000 | 13,849,834 | 1.4% | 11,431,517 | N | 12/28/2016 | 2/1/2017 | 2/1/2017 | ||||||||||||||||
26 | Hilton – Mystic, CT | 2015 | 184 | Rooms | 70,405 | 13,000,000 | 12,954,548 | 1.3% | 9,723,750 | N | 2/1/2017 | 3/1/2017 | 3/1/2017 | |||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 94 | Rooms | 127,518 | 12,000,000 | 11,986,732 | 1.2% | 9,811,196 | N | 3/3/2017 | 4/11/2017 | 4/11/2017 | ||||||||||||||||
28 | Mercury Tech Center | 2016 | 80,412 | Sq. Ft. | 134 | 10,775,000 | 10,775,000 | 1.1% | 9,941,325 | N | 2/15/2017 | 4/1/2017 | 3/1/2022 | 4/1/2022 | ||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | 2015 | 98,128 | Sq. Ft. | 90 | 8,853,000 | 8,853,000 | 0.9% | 7,803,993 | N | 1/27/2017 | 3/11/2017 | 2/11/2020 | 3/11/2020 | ||||||||||||||
30 | Bay Area Apartment Portfolio | 56 | Units | 142,706 | 8,000,000 | 7,991,531 | 0.8% | 6,581,018 | N | 2/8/2017 | 4/1/2017 | 4/1/2017 | ||||||||||||||||
30.01 | Athol Apartments | 28 | Units | 4,166,056 | 4,161,646 | 0.4% | ||||||||||||||||||||||
30.02 | Lester Apartments | 28 | Units | 3,833,944 | 3,829,885 | 0.4% | ||||||||||||||||||||||
31 | Fashion Place Shopping Center | 2016 | 147,406 | Sq. Ft. | 53 | 7,900,000 | 7,871,351 | 0.8% | 6,491,535 | N | 12/8/2016 | 2/1/2017 | 2/1/2017 | |||||||||||||||
32 | Alameda Apartments | 93 | Units | 77,047 | 7,200,000 | 7,165,372 | 0.7% | 5,894,878 | N | 12/1/2016 | 1/1/2017 | 1/1/2017 | ||||||||||||||||
33 | North Main Self Storage | 109,555 | Sq. Ft. | 64 | 7,000,000 | 6,982,307 | 0.7% | 5,762,763 | N | 2/1/2017 | 3/11/2017 | 3/11/2017 | ||||||||||||||||
34 | 24-HR Fitness - Pearland | 2012 | 39,700 | Sq. Ft. | 173 | 6,900,000 | 6,865,196 | 0.7% | 5,602,739 | N | 11/21/2016 | 1/1/2017 | 1/1/2017 | |||||||||||||||
35 | Medford Retail Shops | 2002 | 37,470 | Sq. Ft. | 179 | 6,712,500 | 6,705,171 | 0.7% | 5,497,980 | N | 2/17/2017 | 4/1/2017 | 4/1/2017 | |||||||||||||||
36 | Magnolia Tech Park Portfolio | Various | 87,350 | Sq. Ft. | 74 | 6,500,000 | 6,477,199 | 0.6% | 5,372,323 | N | 12/29/2016 | 2/1/2017 | 2/1/2017 | |||||||||||||||
36.01 | Magnolia Tech Park | 2015 | 68,650 | Sq. Ft. | 5,200,000 | 5,181,759 | 0.5% | |||||||||||||||||||||
36.02 | Tamina Office Park | 18,700 | Sq. Ft. | 1,300,000 | 1,295,440 | 0.1% | ||||||||||||||||||||||
37 | Best Western – Hannaford, OH | 2013 | 79 | Rooms | 81,525 | 6,450,000 | 6,440,508 | 0.6% | 4,866,735 | N | 2/17/2017 | 4/1/2017 | 4/1/2017 | |||||||||||||||
38 | Huntsville Commons | 63,810 | Sq. Ft. | 100 | 6,375,000 | 6,375,000 | 0.6% | 5,632,959 | N | 3/17/2017 | 5/11/2017 | 4/11/2020 | 5/11/2020 | |||||||||||||||
39 | Red Roof Inn BWI Airport | 2013 | 132 | Rooms | 41,667 | 5,500,000 | 5,500,000 | 0.5% | 4,179,063 | N | 3/22/2017 | 5/1/2017 | 5/1/2017 | |||||||||||||||
40 | Kingwood Forest Apartments | 2013 | 208 | Units | 26,442 | 5,500,000 | 5,500,000 | 0.5% | 4,726,050 | N | 12/1/2016 | 1/1/2017 | 12/1/2018 | 1/1/2019 | ||||||||||||||
41 | Lawndale Plaza | 2012 | 51,934 | Sq. Ft. | 103 | 5,360,000 | 5,360,000 | 0.5% | 4,778,603 | N | 12/22/2016 | 2/1/2017 | 1/1/2020 | 2/1/2020 | ||||||||||||||
42 | Barry Plaza | 2004 | 35,372 | Sq. Ft. | 147 | 5,200,000 | 5,200,000 | 0.5% | 5,200,000 | N | 9/13/2016 | 11/1/2016 | 10/1/2026 | |||||||||||||||
43 | 301-333 S Abbot Avenue | 20,364 | Sq. Ft. | 245 | 5,000,000 | 4,986,466 | 0.5% | 4,059,381 | N | 2/9/2017 | 3/11/2017 | 3/11/2017 | ||||||||||||||||
44 | Amcor Industrial | 170,891 | Sq. Ft. | 26 | 4,500,000 | 4,500,000 | 0.4% | 3,671,568 | N | 3/21/2017 | 5/1/2017 | 5/1/2017 | ||||||||||||||||
45 | Walgreens Bluffton | 13,650 | Sq. Ft. | 297 | 4,065,000 | 4,054,908 | 0.4% | 3,358,405 | N | 2/1/2017 | 3/11/2017 | 3/11/2017 | ||||||||||||||||
46 | Walgreens – Holyoke, MA | 13,905 | Sq. Ft. | 165 | 2,295,000 | 2,295,000 | 0.2% | 2,295,000 | N | 1/6/2017 | 3/1/2017 | 2/1/2027 | ||||||||||||||||
47 | Phenix Square | 53,542 | Sq. Ft. | 38 | 2,025,000 | 2,025,000 | 0.2% | 1,536,485 | N | 3/13/2017 | 5/11/2017 | 5/11/2017 | ||||||||||||||||
48 | Dickinson Fiesta MHC | 76 | Pads | 24,178 | 1,837,500 | 1,837,500 | 0.2% | 1,567,164 | N | 12/9/2016 | 2/1/2017 | 1/1/2018 | 2/1/2018 |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Maturity Date or Anticipated Repayment Date | ARD Loan Maturity Date | Gross Mortgage Rate | Operating Advisor Ongoing Fee Rate | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | ||||||||||||
1 | D.C. Office Portfolio | 3/1/2027 | 4.757905% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.743755% | Actual/360 | 281,399.23 | |||||||||||||
1.01 | 1020 19th Street | |||||||||||||||||||||||
1.02 | 1900 L Street | |||||||||||||||||||||||
1.03 | 1920 L Street | |||||||||||||||||||||||
2 | The Summit Birmingham | 1/1/2027 | 4.762000% | 0.000000% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.749520% | Actual/360 | 248,950.91 | |||||||||||||
3 | One West 34th Street | 4/6/2027 | 4.310000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.295850% | Actual/360 | 218,493.06 | |||||||||||||
4 | Pentagon Center | 3/6/2027 | 4.326000% | 0.000000% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.313520% | Actual/360 | 201,028.82 | |||||||||||||
5 | JW Marriott Desert Springs | 2/1/2022 | 5.150000% | 0.000000% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.137520% | Actual/360 | 300,314.42 | |||||||||||||
6 | The Davenport | 2/11/2027 | 4.220000% | 0.000000% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.207520% | Actual/360 | 178,275.46 | |||||||||||||
7 | Plaza 500 | 3/1/2027 | 4.565000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.550850% | Actual/360 | 188,028.86 | |||||||||||||
8 | U.S. Grant Hotel | 3/1/2027 | 5.523000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.508850% | Actual/360 | 267,539.46 | |||||||||||||
9 | Merrill Lynch Drive | 2/6/2022 | 2/6/2025 | 3.930000% | 0.000000% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 3.917520% | Actual/360 | 137,600.94 | ||||||||||||
10 | Key Center Cleveland | 2/6/2027 | 5.310000% | 0.000000% | 0.006700% | 0.012500% | 0.000500% | 0.000280% | 5.290020% | Actual/360 | 241,117.11 | |||||||||||||
11 | DoubleTree Greenway Houston | 2/1/2027 | 5.060000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.045850% | Actual/360 | 210,792.87 | |||||||||||||
12 | American Greetings HQ | 11/1/2026 | 4.716000% | 0.001670% | 0.006700% | 0.032500% | 0.000500% | 0.000280% | 4.674350% | Actual/360 | 215,902.14 | |||||||||||||
13 | The Shoppes at South Bay | 3/11/2027 | 4.740000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.725850% | Actual/360 | 148,179.86 | |||||||||||||
14 | GM Renaissance Center Parking Garage | 2/1/2027 | 5.520000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.505850% | Actual/360 | 193,813.97 | |||||||||||||
15 | Ralph’s Food Warehouse Portfolio | 2/1/2027 | 6.290000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 6.275850% | Actual/360 | 183,315.38 | |||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||||||||||||
15.11 | Supermercado del Este | |||||||||||||||||||||||
16 | Preferred Freezer Philadelphia | 2/11/2027 | 4.990000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.975850% | Actual/360 | 101,186.11 | |||||||||||||
17 | Empire Tower I | 2/11/2027 | 4.990000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.975850% | Actual/360 | 128,690.55 | |||||||||||||
18 | 2200 Renaissance Boulevard | 3/11/2027 | 5.330000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.315850% | Actual/360 | 133,720.59 | |||||||||||||
19 | B.F. Saul Hotel Portfolio | 4/11/2027 | 5.120000% | 0.001670% | 0.006700% | 0.032500% | 0.000500% | 0.000280% | 5.078350% | Actual/360 | 118,320.56 | |||||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||||||||||||
20 | Walgreens Alaska | 2/1/2027 | 5.285000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.270850% | Actual/360 | 41,855.20 | |||||||||||||
21 | Walgreens New York | 2/1/2027 | 5.285000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.270850% | Actual/360 | 37,835.99 | |||||||||||||
22 | Walgreens Alabama | 2/1/2027 | 5.285000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.270850% | Actual/360 | 30,351.95 | |||||||||||||
23 | San Mateo Self Storage | 2/1/2027 | 4.350000% | 0.001670% | 0.006700% | 0.035000% | 0.000500% | 0.000280% | 4.305850% | Actual/360 | 69,831.60 | |||||||||||||
24 | King Plaza Center | 1/1/2027 | 4.400000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.385850% | Actual/360 | 59,481.48 | |||||||||||||
25 | Plaza at Milltown Commercial Center | 1/1/2027 | 5.016043% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.001893% | Actual/360 | 74,754.55 | |||||||||||||
26 | Hilton – Mystic, CT | 2/1/2027 | 5.020000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.005850% | Actual/360 | 76,148.27 | |||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 3/11/2027 | 4.830000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.815850% | Actual/360 | 63,177.63 | |||||||||||||
28 | Mercury Tech Center | 3/1/2027 | 5.024000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.009850% | Actual/360 | 58,000.68 | |||||||||||||
29 | Crossroads Shopping Center-Bakersfield | 2/11/2027 | 4.810000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.795850% | Actual/360 | 46,502.15 | |||||||||||||
30 | Bay Area Apartment Portfolio | 3/1/2027 | 5.016000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.001850% | Actual/360 | 43,023.99 | |||||||||||||
30.01 | Athol Apartments | |||||||||||||||||||||||
30.02 | Lester Apartments | |||||||||||||||||||||||
31 | Fashion Place Shopping Center | 1/1/2027 | 4.990000% | 0.001670% | 0.006700% | 0.045000% | 0.000500% | 0.000280% | 4.935850% | Actual/360 | 42,360.64 | |||||||||||||
32 | Alameda Apartments | 12/1/2026 | 4.877000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.862850% | Actual/360 | 38,111.73 | |||||||||||||
33 | North Main Self Storage | 2/11/2027 | 5.050000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.035850% | Actual/360 | 37,791.71 | |||||||||||||
34 | 24-HR Fitness - Pearland | 12/1/2026 | 4.630000% | 0.001670% | 0.006700% | 0.062500% | 0.000500% | 0.000280% | 4.558350% | Actual/360 | 35,496.28 | |||||||||||||
35 | Medford Retail Shops | 3/1/2027 | 4.884000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.869850% | Actual/360 | 35,559.78 | |||||||||||||
36 | Magnolia Tech Park Portfolio | 1/1/2027 | 5.170000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.155850% | Actual/360 | 35,571.84 | |||||||||||||
36.01 | Magnolia Tech Park | |||||||||||||||||||||||
36.02 | Tamina Office Park | |||||||||||||||||||||||
37 | Best Western – Hannaford, OH | 3/1/2027 | 5.250000% | 0.001670% | 0.006700% | 0.052500% | 0.000500% | 0.000280% | 5.188350% | Actual/360 | 38,651.48 | |||||||||||||
38 | Huntsville Commons | 4/11/2027 | 4.920000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.905850% | Actual/360 | 33,911.37 | |||||||||||||
39 | Red Roof Inn BWI Airport | 4/1/2027 | 5.450000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.435850% | Actual/360 | 33,610.78 | |||||||||||||
40 | Kingwood Forest Apartments | 12/1/2026 | 4.730000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.715850% | Actual/360 | 28,624.34 | |||||||||||||
41 | Lawndale Plaza | 1/1/2027 | 5.330000% | 0.001670% | 0.006700% | 0.042500% | 0.000500% | 0.000280% | 5.278350% | Actual/360 | 29,864.26 | |||||||||||||
42 | Barry Plaza | 10/1/2026 | 4.140000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.125850% | Actual/360 | 18,189.17 | |||||||||||||
43 | 301-333 S Abbot Avenue | 2/11/2027 | 4.630000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.615850% | Actual/360 | 25,721.94 | |||||||||||||
44 | Amcor Industrial | 4/1/2027 | 4.770000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.755850% | Actual/360 | 23,528.41 | |||||||||||||
45 | Walgreens Bluffton | 2/11/2027 | 5.160000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.145850% | Actual/360 | 22,221.02 | |||||||||||||
46 | Walgreens – Holyoke, MA | 2/1/2027 | 4.748000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 4.733850% | Actual/360 | 9,206.67 | |||||||||||||
47 | Phenix Square | 4/11/2027 | 5.410000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.395850% | Actual/360 | 12,326.67 | |||||||||||||
48 | Dickinson Fiesta MHC | 1/1/2027 | 5.363000% | 0.001670% | 0.006700% | 0.005000% | 0.000500% | 0.000280% | 5.348850% | Actual/360 | 10,275.73 |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.) | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions (5) (6) | |||||||||||
1 | D.C. Office Portfolio | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(90),O(5) | |||||||||||
1.01 | 1020 19th Street | |||||||||||||||||||||
1.02 | 1900 L Street | |||||||||||||||||||||
1.03 | 1920 L Street | |||||||||||||||||||||
2 | The Summit Birmingham | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(86),O(7) | |||||||||||
3 | One West 34th Street | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) | |||||||||||
4 | Pentagon Center | Interest-only, Balloon | Actual/360 | 121 | 119 | 121 | 119 | 0 | 0 | 2 | L(26),D(90),O(5) | |||||||||||
5 | JW Marriott Desert Springs | Amortizing Balloon | 60 | 58 | 0 | 0 | 360 | 358 | 2 | L(26),D(30),O(4) | ||||||||||||
6 | The Davenport | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(89),O(5) | |||||||||||
7 | Plaza 500 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | |||||||||||
8 | U.S. Grant Hotel | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) | |||||||||||
9 | Merrill Lynch Drive | Interest-only, ARD | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2 | GRTR 0.5% or YM(56),O(4) | |||||||||||
10 | Key Center Cleveland | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 300 | 300 | 2 | L(26),D(90),O(4) | |||||||||||
11 | DoubleTree Greenway Houston | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||||||||||||
12 | American Greetings HQ | Amortizing Balloon | 120 | 115 | 0 | 0 | 300 | 295 | 5 | L(29),D(87),O(4) | ||||||||||||
13 | The Shoppes at South Bay | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | |||||||||||
14 | GM Renaissance Center Parking Garage | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | 298 | 2 | L(26),D(90),O(4) | ||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Amortizing Balloon | 120 | 118 | 0 | 0 | 240 | 238 | 2 | L(26),D(87),O(7) | ||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||||||||||
15.11 | Supermercado del Este | |||||||||||||||||||||
16 | Preferred Freezer Philadelphia | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | |||||||||||
17 | Empire Tower I | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),GRTR 1% or YM(90),O(4) | |||||||||||
18 | 2200 Renaissance Boulevard | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) | |||||||||||
19 | B.F. Saul Hotel Portfolio | Amortizing Balloon | 120 | 120 | 0 | 0 | 300 | 300 | 0 | L(24),D(92),O(4) | ||||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||||||||||
20 | Walgreens Alaska | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 | 58 | 360 | 360 | 2 | L(26),D(90),O(4) | |||||||||||
21 | Walgreens New York | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 | 58 | 360 | 360 | 2 | L(26),D(90),O(4) | |||||||||||
22 | Walgreens Alabama | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 | 58 | 360 | 360 | 2 | L(26),D(90),O(4) | |||||||||||
23 | San Mateo Self Storage | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),GRTR 1% or YM(89),O(5) | |||||||||||
24 | King Plaza Center | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(87),O(6) | |||||||||||
25 | Plaza at Milltown Commercial Center | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(89),O(4) | ||||||||||||
26 | Hilton – Mystic, CT | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | 298 | 2 | L(26),D(90),O(4) | ||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | ||||||||||||
28 | Mercury Tech Center | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(90),O(5) | |||||||||||
29 | Crossroads Shopping Center-Bakersfield | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 | 360 | 2 | L(26),D(90),O(4) | |||||||||||
30 | Bay Area Apartment Portfolio | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | ||||||||||||
30.01 | Athol Apartments | |||||||||||||||||||||
30.02 | Lester Apartments | |||||||||||||||||||||
31 | Fashion Place Shopping Center | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(89),O(4) | ||||||||||||
32 | Alameda Apartments | Amortizing Balloon | 120 | 116 | 0 | 0 | 360 | 356 | 4 | L(28),D(87),O(5) | ||||||||||||
33 | North Main Self Storage | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||||||||||||
34 | 24-HR Fitness - Pearland | Amortizing Balloon | 120 | 116 | 0 | 0 | 360 | 356 | 4 | L(28),D(88),O(4) | ||||||||||||
35 | Medford Retail Shops | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | ||||||||||||
36 | Magnolia Tech Park Portfolio | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(89),O(4) | ||||||||||||
36.01 | Magnolia Tech Park | |||||||||||||||||||||
36.02 | Tamina Office Park | |||||||||||||||||||||
37 | Best Western – Hannaford, OH | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | 299 | 1 | L(25),GRTR 1% or YM(91),O(4) | ||||||||||||
38 | Huntsville Commons | Interest-only, Amortizing Balloon | Actual/360 | 120 | 120 | 36 | 36 | 360 | 360 | 0 | L(24),D(92),O(4) | |||||||||||
39 | Red Roof Inn BWI Airport | Amortizing Balloon | 120 | 120 | 0 | 0 | 300 | 300 | 0 | L(24),D(92),O(4) | ||||||||||||
40 | Kingwood Forest Apartments | Interest-only, Amortizing Balloon | Actual/360 | 120 | 116 | 24 | 20 | 360 | 360 | 4 | L(28),D(88),O(4) | |||||||||||
41 | Lawndale Plaza | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 36 | 33 | 360 | 360 | 3 | L(27),D(89),O(4) | |||||||||||
42 | Barry Plaza | Interest-only, Balloon | Actual/360 | 120 | 114 | 120 | 114 | 0 | 0 | 6 | L(30),D(85),O(5) | |||||||||||
43 | 301-333 S Abbot Avenue | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||||||||||||
44 | Amcor Industrial | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | ||||||||||||
45 | Walgreens Bluffton | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||||||||||||
46 | Walgreens – Holyoke, MA | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | |||||||||||
47 | Phenix Square | Amortizing Balloon | 120 | 120 | 0 | 0 | 300 | 300 | 0 | L(24),D(92),O(4) | ||||||||||||
48 | Dickinson Fiesta MHC | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 12 | 9 | 360 | 360 | 3 | L(27),D(89),O(4) |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Grace Period Default (Days) | Grace Period Late (Days) | Appraised Value ($) (7) | Appraisal Date | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Units | Coop - Sponsor Carry | Coop - Committed Secondary Debt | U/W NOI DSCR (x) (4) (5) | U/W NCF DSCR (x) (4) (5) | Cut-off Date LTV Ratio (4) (5) (7) | ||||||||||||||||
1 | D.C. Office Portfolio | 0 | 0 | 186,800,000 | 12/22/2016 | 1.83 | 1.71 | 53.5% | ||||||||||||||||||||||||
1.01 | 1020 19th Street | 63,100,000 | 12/22/2016 | |||||||||||||||||||||||||||||
1.02 | 1900 L Street | 62,000,000 | 12/22/2016 | |||||||||||||||||||||||||||||
1.03 | 1920 L Street | 61,700,000 | 12/22/2016 | |||||||||||||||||||||||||||||
2 | The Summit Birmingham | 0 | 0 | 383,000,000 | 11/7/2016 | 1.80 | 1.68 | 54.3% | ||||||||||||||||||||||||
3 | One West 34th Street | 0 | 5 | 280,000,000 | 1/5/2017 | 1.74 | 1.63 | 53.6% | ||||||||||||||||||||||||
4 | Pentagon Center | 0 | 0 | 379,800,000 | 12/22/2016 | 2.76 | 2.75 | 55.3% | ||||||||||||||||||||||||
5 | JW Marriott Desert Springs | 5 | 0 | 161,000,000 | 11/10/2016 | 3.10 | 2.31 | 71.3% | ||||||||||||||||||||||||
6 | The Davenport | 0 | 5 | 214,000,000 | 11/1/2018 | 2.01 | 1.86 | 49.1% | ||||||||||||||||||||||||
7 | Plaza 500 | 0 | 0 | 75,000,000 | 1/26/2017 | 1.88 | 1.79 | 65.0% | ||||||||||||||||||||||||
8 | U.S. Grant Hotel | 4 | 0 | 98,100,000 | 8/9/2016 | 2.05 | 1.66 | 47.9% | ||||||||||||||||||||||||
9 | Merrill Lynch Drive | 0 | 5 | 153,000,000 | 1/3/2017 | 2.97 | 2.95 | 67.7% | ||||||||||||||||||||||||
10 | Key Center Cleveland | 0 | 0 | 362,000,000 | 12/1/2017 | 1.70 | 1.59 | 60.8% | ||||||||||||||||||||||||
11 | DoubleTree Greenway Houston | 5 | 0 | 63,100,000 | 12/14/2016 | 2.20 | 1.86 | 61.7% | ||||||||||||||||||||||||
12 | American Greetings HQ | 0 | 0 | 148,790,000 | 8/30/2016 | 1.57 | 1.45 | 61.3% | ||||||||||||||||||||||||
13 | The Shoppes at South Bay | 0 | 0 | 59,000,000 | 1/16/2017 | 1.76 | 1.67 | 62.7% | ||||||||||||||||||||||||
14 | GM Renaissance Center Parking Garage | 0 | 0 | 57,150,000 | 12/15/2016 | 1.55 | 1.52 | 54.9% | ||||||||||||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | 5 | 0 | 78,450,000 | 12/22/2016 | 1.73 | 1.69 | 53.3% | ||||||||||||||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | 16,900,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.02 | Instituto de Banca y Comercio | 11,500,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | 9,000,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | 8,800,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | 7,400,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | 6,250,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | 6,000,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | 3,500,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | 3,400,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | 3,200,000 | 12/22/2016 | |||||||||||||||||||||||||||||
15.11 | Supermercado del Este | 2,500,000 | 12/22/2016 | |||||||||||||||||||||||||||||
16 | Preferred Freezer Philadelphia | 0 | 5 | 39,400,000 | 12/13/2016 | 2.09 | 2.01 | 60.9% | ||||||||||||||||||||||||
17 | Empire Tower I | 0 | 0 | 35,000,000 | 11/10/2016 | 1.53 | 1.40 | 68.6% | ||||||||||||||||||||||||
18 | 2200 Renaissance Boulevard | 0 | 0 | 32,300,000 | 1/17/2017 | 1.66 | 1.50 | 74.3% | ||||||||||||||||||||||||
19 | B.F. Saul Hotel Portfolio | 0 | 5 | 38,200,000 | Various | 2.27 | 1.96 | 52.4% | ||||||||||||||||||||||||
19.01 | SpringHill Suites Boca Raton | 17,000,000 | 1/23/2017 | |||||||||||||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | 10,700,000 | 1/23/2017 | |||||||||||||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 10,500,000 | 1/24/2017 | |||||||||||||||||||||||||||||
20 | Walgreens Alaska | 5 | 5 | 11,300,000 | 11/29/2016 | 1.21 | 1.20 | 64.9% | ||||||||||||||||||||||||
21 | Walgreens New York | 5 | 5 | 11,100,000 | 12/2/2016 | 1.21 | 1.20 | 64.9% | ||||||||||||||||||||||||
22 | Walgreens Alabama | 5 | 5 | 8,175,000 | 11/29/2016 | 1.21 | 1.20 | 64.9% | ||||||||||||||||||||||||
23 | San Mateo Self Storage | 4 | 5 | 38,000,000 | 12/14/2016 | 2.35 | 2.33 | 50.0% | ||||||||||||||||||||||||
24 | King Plaza Center | 4 | 5 | 30,000,000 | 12/1/2016 | 2.38 | 2.25 | 53.3% | ||||||||||||||||||||||||
25 | Plaza at Milltown Commercial Center | 5 | 0 | 20,375,000 | 12/5/2016 | 1.31 | 1.28 | 68.0% | ||||||||||||||||||||||||
26 | Hilton – Mystic, CT | 4 | 5 | 23,000,000 | 12/1/2016 | 1.99 | 1.61 | 56.3% | ||||||||||||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 0 | 0 | 20,475,000 | 1/31/2017 | 2.36 | 2.13 | 58.5% | ||||||||||||||||||||||||
28 | Mercury Tech Center | 4 | 5 | 17,300,000 | 1/20/2017 | 1.40 | 1.27 | 62.3% | ||||||||||||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | 0 | 0 | 14,000,000 | 12/14/2016 | 1.70 | 1.55 | 63.2% | ||||||||||||||||||||||||
30 | Bay Area Apartment Portfolio | 5 | 0 | 16,380,000 | 12/14/2016 | 1.49 | 1.45 | 48.8% | ||||||||||||||||||||||||
30.01 | Athol Apartments | 8,530,000 | 12/14/2016 | |||||||||||||||||||||||||||||
30.02 | Lester Apartments | 7,850,000 | 12/14/2016 | |||||||||||||||||||||||||||||
31 | Fashion Place Shopping Center | 5 | 0 | 11,950,000 | 10/11/2016 | 1.76 | 1.57 | 65.9% | ||||||||||||||||||||||||
32 | Alameda Apartments | 4 | 5 | 15,000,000 | 10/5/2016 | 1.60 | 1.50 | 47.8% | ||||||||||||||||||||||||
33 | North Main Self Storage | 0 | 0 | 10,800,000 | 12/15/2016 | 1.35 | 1.31 | 64.7% | ||||||||||||||||||||||||
34 | 24-HR Fitness - Pearland | 5 | 5 | 14,290,000 | 10/4/2016 | 1.99 | 1.87 | 48.0% | ||||||||||||||||||||||||
35 | Medford Retail Shops | 4 | 5 | 8,950,000 | 9/8/2016 | 1.52 | 1.43 | 74.9% | ||||||||||||||||||||||||
36 | Magnolia Tech Park Portfolio | 5 | 0 | 9,500,000 | 10/7/2016 | 1.89 | 1.70 | 68.2% | ||||||||||||||||||||||||
36.01 | Magnolia Tech Park | 7,600,000 | 10/7/2016 | |||||||||||||||||||||||||||||
36.02 | Tamina Office Park | 1,900,000 | 10/7/2016 | |||||||||||||||||||||||||||||
37 | Best Western – Hannaford, OH | 4 | 5 | 9,800,000 | 1/18/2017 | 2.10 | 1.90 | 65.7% | ||||||||||||||||||||||||
38 | Huntsville Commons | 0 | 5 | 8,800,000 | 2/8/2017 | 1.61 | 1.44 | 72.4% | ||||||||||||||||||||||||
39 | Red Roof Inn BWI Airport | 5 | 5 | 9,900,000 | 11/21/2016 | 2.36 | 2.10 | 55.6% | ||||||||||||||||||||||||
40 | Kingwood Forest Apartments | 5 | 5 | 8,580,000 | 10/25/2016 | 2.21 | 2.05 | 64.1% | ||||||||||||||||||||||||
41 | Lawndale Plaza | 5 | 0 | 7,420,000 | 11/21/2016 | 1.59 | 1.45 | 72.2% | ||||||||||||||||||||||||
42 | Barry Plaza | 5 | 0 | 8,220,000 | 8/10/2016 | 2.36 | 2.22 | 63.3% | ||||||||||||||||||||||||
43 | 301-333 S Abbot Avenue | 0 | 0 | 9,000,000 | 1/14/2017 | 1.70 | 1.56 | 55.4% | ||||||||||||||||||||||||
44 | Amcor Industrial | 5 | 5 | 7,100,000 | 12/13/2016 | 1.69 | 1.56 | 63.4% | ||||||||||||||||||||||||
45 | Walgreens Bluffton | 0 | 0 | 5,650,000 | 11/21/2016 | 1.22 | 1.22 | 71.8% | ||||||||||||||||||||||||
46 | Walgreens – Holyoke, MA | 4 | 5 | 4,700,000 | 11/18/2016 | 2.41 | 2.38 | 48.8% | ||||||||||||||||||||||||
47 | Phenix Square | 0 | 0 | 3,025,000 | 1/26/2017 | 1.74 | 1.49 | 66.9% | ||||||||||||||||||||||||
48 | Dickinson Fiesta MHC | 4 | 5 | 2,650,000 | 9/29/2016 | 1.56 | 1.53 | 69.3% |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | LTV Ratio at Maturity or ARD (4) (5) (7) | Cut-off Date U/W NOI Debt Yield (4) (5) | Cut-off Date U/W NCF Debt Yield (4) (5) | U/W Revenues ($) (8) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate (9) | Occupancy as-of Date | ||||||||||||
1 | D.C. Office Portfolio | 53.5% | 9.3% | 8.7% | 15,106,635 | 5,846,676 | 9,259,959 | 65,664 | 541,727 | 8,652,568 | 89.4% | Various | ||||||||||||
1.01 | 1020 19th Street | 5,231,055 | 2,074,300 | 3,156,755 | 23,147 | 190,966 | 2,942,642 | 93.9% | 1/26/2017 | |||||||||||||||
1.02 | 1900 L Street | 5,126,333 | 1,834,210 | 3,292,123 | 20,972 | 173,018 | 3,098,133 | 91.4% | 1/26/2017 | |||||||||||||||
1.03 | 1920 L Street | 4,749,247 | 1,938,166 | 2,811,081 | 21,545 | 177,743 | 2,611,793 | 82.6% | 1/11/2017 | |||||||||||||||
2 | The Summit Birmingham | 54.3% | 8.7% | 8.1% | 24,205,097 | 6,134,767 | 18,070,330 | 112,991 | 1,073,437 | 16,883,902 | 98.5% | 12/14/2016 | ||||||||||||
3 | One West 34th Street | 53.6% | 7.6% | 7.1% | 18,910,259 | 7,507,032 | 11,403,227 | 88,342 | 605,214 | 10,709,671 | 95.0% | 3/10/2017 | ||||||||||||
4 | Pentagon Center | 55.3% | 12.1% | 12.1% | 36,352,465 | 10,939,034 | 25,413,431 | 59,084 | 0 | 25,354,347 | 100.0% | 2/21/2017 | ||||||||||||
5 | JW Marriott Desert Springs | 66.0% | 20.3% | 15.2% | 107,162,999 | 83,834,818 | 23,328,182 | 5,893,965 | 0 | 17,434,217 | 65.8% | 11/30/2016 | ||||||||||||
6 | The Davenport | 49.1% | 8.6% | 8.0% | 13,321,827 | 4,276,442 | 9,045,386 | 46,173 | 630,441 | 8,368,772 | 93.2% | 1/31/2017 | ||||||||||||
7 | Plaza 500 | 65.0% | 8.7% | 8.3% | 6,098,427 | 1,850,979 | 4,247,448 | 75,421 | 123,109 | 4,048,918 | 86.4% | 2/15/2017 | ||||||||||||
8 | U.S. Grant Hotel | 42.0% | 14.0% | 11.3% | 31,984,779 | 25,391,769 | 6,593,010 | 1,279,391 | 0 | 5,313,619 | 75.7% | 12/31/2016 | ||||||||||||
9 | Merrill Lynch Drive | 67.7% | 11.8% | 11.7% | 12,496,038 | 249,921 | 12,246,117 | 83,076 | 0 | 12,163,041 | 100.0% | 4/1/2017 | ||||||||||||
10 | Key Center Cleveland | 49.6% | 12.3% | 11.5% | 67,329,103 | 40,324,409 | 27,004,694 | 351,405 | 1,326,153 | 25,327,136 | 92.9% | 10/19/2016 | ||||||||||||
11 | DoubleTree Greenway Houston | 50.9% | 14.3% | 12.1% | 20,924,859 | 15,371,708 | 5,553,151 | 836,994 | 0 | 4,716,157 | 68.5% | 11/30/2016 | ||||||||||||
12 | American Greetings HQ | 45.7% | 10.8% | 10.0% | 10,382,494 | 513,508 | 9,868,986 | 98,395 | 655,969 | 9,114,622 | 100.0% | 4/1/2017 | ||||||||||||
13 | The Shoppes at South Bay | 62.7% | 8.4% | 8.0% | 3,723,671 | 599,146 | 3,124,525 | 39,382 | 121,415 | 2,963,727 | 95.7% | 3/2/2017 | ||||||||||||
14 | GM Renaissance Center Parking Garage | 42.0% | 11.5% | 11.3% | 4,395,157 | 785,202 | 3,609,955 | 63,650 | 0 | 3,546,305 | 100.0% | 4/1/2017 | ||||||||||||
15 | Ralph’s Food Warehouse Portfolio | 35.5% | 15.3% | 14.9% | 8,706,078 | 2,328,751 | 6,377,327 | 131,542 | 0 | 6,245,785 | 97.8% | Various | ||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | NAV | NAV | NAV | NAV | NAV | NAV | 92.9% | 1/25/2017 | |||||||||||||||
15.02 | Instituto de Banca y Comercio | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/1/2017 | |||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | NAV | NAV | NAV | NAV | NAV | NAV | 97.6% | 1/25/2017 | |||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1/25/2017 | |||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | NAV | NAV | NAV | NAV | NAV | NAV | 97.5% | 1/25/2017 | |||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1/25/2017 | |||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | NAV | NAV | NAV | NAV | NAV | NAV | 93.3% | 1/25/2017 | |||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/1/2017 | |||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/1/2017 | |||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/1/2017 | |||||||||||||||
15.11 | Supermercado del Este | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/1/2017 | |||||||||||||||
16 | Preferred Freezer Philadelphia | 60.9% | 10.6% | 10.2% | 2,805,299 | 272,522 | 2,532,778 | 20,735 | 71,368 | 2,440,674 | 100.0% | 4/1/2017 | ||||||||||||
17 | Empire Tower I | 59.3% | 9.8% | 9.0% | 3,845,671 | 1,489,198 | 2,356,474 | 35,921 | 164,261 | 2,156,292 | 83.9% | 12/15/2016 | ||||||||||||
18 | 2200 Renaissance Boulevard | 66.2% | 11.1% | 10.0% | 4,205,439 | 1,541,298 | 2,664,141 | 36,824 | 224,733 | 2,402,584 | 94.2% | 1/31/2017 | ||||||||||||
19 | B.F. Saul Hotel Portfolio | 39.3% | 16.1% | 13.9% | 11,205,153 | 7,976,383 | 3,228,769 | 448,206 | 0 | 2,780,563 | 81.0% | 1/31/2017 | ||||||||||||
19.01 | SpringHill Suites Boca Raton | 5,142,875 | 3,648,759 | 1,494,116 | 205,715 | 0 | 1,288,401 | 81.2% | 1/31/2017 | |||||||||||||||
19.02 | TownePlace Suites Boca Raton | 2,947,046 | 2,034,004 | 913,042 | 117,882 | 0 | 795,161 | 76.5% | 1/31/2017 | |||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 3,115,231 | 2,293,621 | 821,611 | 124,609 | 0 | 697,002 | 85.2% | 1/31/2017 | |||||||||||||||
20 | Walgreens Alaska | 60.1% | 8.0% | 8.0% | 625,000 | 18,750 | 606,250 | 1,730 | 0 | 604,520 | 100.0% | 4/1/2017 | ||||||||||||
21 | Walgreens New York | 60.1% | 8.0% | 8.0% | 564,607 | 16,938 | 547,669 | 1,601 | 0 | 546,068 | 100.0% | 4/1/2017 | ||||||||||||
22 | Walgreens Alabama | 60.1% | 8.0% | 8.0% | 454,000 | 13,620 | 440,380 | 873 | 0 | 439,507 | 100.0% | 4/1/2017 | ||||||||||||
23 | San Mateo Self Storage | 50.0% | 10.4% | 10.3% | 2,706,932 | 736,037 | 1,970,895 | 16,455 | 0 | 1,954,440 | 98.5% | 11/15/2016 | ||||||||||||
24 | King Plaza Center | 53.3% | 10.6% | 10.0% | 2,089,888 | 389,694 | 1,700,194 | 10,121 | 82,453 | 1,607,620 | 93.8% | 12/1/2016 | ||||||||||||
25 | Plaza at Milltown Commercial Center | 56.1% | 8.5% | 8.3% | 1,590,029 | 413,615 | 1,176,414 | 5,457 | 26,556 | 1,144,401 | 100.0% | 12/1/2016 | ||||||||||||
26 | Hilton – Mystic, CT | 42.3% | 14.0% | 11.4% | 8,558,154 | 6,743,202 | 1,814,952 | 342,326 | 0 | 1,472,626 | 67.9% | 10/31/2016 | ||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 47.9% | 14.9% | 13.5% | 4,346,943 | 2,560,227 | 1,786,716 | 173,878 | 0 | 1,612,838 | 78.2% | 12/31/2016 | ||||||||||||
28 | Mercury Tech Center | 57.5% | 9.0% | 8.2% | 1,348,690 | 374,875 | 973,815 | 26,536 | 61,407 | 885,872 | 90.8% | 2/7/2017 | ||||||||||||
29 | Crossroads Shopping Center-Bakersfield | 55.7% | 10.7% | 9.8% | 1,368,058 | 420,026 | 948,032 | 19,626 | 64,768 | 863,639 | 92.1% | 12/5/2016 | ||||||||||||
30 | Bay Area Apartment Portfolio | 40.2% | 9.6% | 9.4% | 1,086,251 | 318,419 | 767,832 | 16,800 | 0 | 751,032 | 100.0% | 2/1/2017 | ||||||||||||
30.01 | Athol Apartments | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 2/1/2017 | |||||||||||||||
30.02 | Lester Apartments | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 2/1/2017 | |||||||||||||||
31 | Fashion Place Shopping Center | 54.3% | 11.3% | 10.1% | 1,390,907 | 497,698 | 893,209 | 29,481 | 64,859 | 798,869 | 89.8% | 10/1/2016 | ||||||||||||
32 | Alameda Apartments | 39.3% | 10.2% | 9.6% | 1,289,494 | 556,147 | 733,348 | 45,061 | 0 | 688,287 | 93.5% | 11/29/2016 | ||||||||||||
33 | North Main Self Storage | 53.4% | 8.8% | 8.5% | 1,038,218 | 425,888 | 612,330 | 16,358 | 0 | 595,972 | 74.6% | 12/31/2016 | ||||||||||||
34 | 24-HR Fitness - Pearland | 39.2% | 12.4% | 11.6% | 1,154,222 | 304,758 | 849,465 | 7,940 | 45,655 | 795,870 | 100.0% | 4/1/2017 | ||||||||||||
35 | Medford Retail Shops | 61.4% | 9.7% | 9.1% | 835,171 | 186,388 | 648,783 | 7,645 | 30,309 | 610,829 | 100.0% | 1/24/2017 | ||||||||||||
36 | Magnolia Tech Park Portfolio | 56.6% | 12.5% | 11.2% | 1,027,044 | 218,748 | 808,295 | 11,917 | 72,093 | 724,285 | 98.5% | 10/17/2016 | ||||||||||||
36.01 | Magnolia Tech Park | 832,464 | 175,173 | 657,291 | 8,925 | 57,996 | 590,370 | 100.0% | 10/17/2016 | |||||||||||||||
36.02 | Tamina Office Park | 194,580 | 43,575 | 151,004 | 2,992 | 14,097 | 133,915 | 92.8% | 10/17/2016 | |||||||||||||||
37 | Best Western – Hannaford, OH | 49.7% | 15.1% | 13.7% | 2,254,277 | 1,281,269 | 973,008 | 90,171 | 0 | 882,837 | 80.7% | 12/31/2016 | ||||||||||||
38 | Huntsville Commons | 64.0% | 10.3% | 9.2% | 829,280 | 172,611 | 656,669 | 12,762 | 59,072 | 584,835 | 100.0% | 3/1/2017 | ||||||||||||
39 | Red Roof Inn BWI Airport | 42.2% | 17.3% | 15.4% | 2,647,347 | 1,695,397 | 951,950 | 105,894 | 0 | 846,056 | 78.7% | 12/31/2016 | ||||||||||||
40 | Kingwood Forest Apartments | 55.1% | 13.8% | 12.8% | 1,268,202 | 510,609 | 757,593 | 52,000 | 0 | 705,593 | 93.3% | 10/10/2016 | ||||||||||||
41 | Lawndale Plaza | 64.4% | 10.6% | 9.7% | 819,696 | 251,276 | 568,420 | 7,790 | 40,659 | 519,971 | 98.1% | 1/31/2017 | ||||||||||||
42 | Barry Plaza | 63.3% | 9.9% | 9.3% | 821,287 | 305,455 | 515,832 | 5,306 | 25,372 | 485,154 | 100.0% | 9/1/2016 | ||||||||||||
43 | 301-333 S Abbot Avenue | 45.1% | 10.5% | 9.7% | 760,670 | 236,800 | 523,870 | 6,924 | 33,992 | 482,954 | 100.0% | 1/31/2017 | ||||||||||||
44 | Amcor Industrial | 51.7% | 10.6% | 9.8% | 665,046 | 187,375 | 477,670 | 17,089 | 18,798 | 441,783 | 100.0% | 4/1/2017 | ||||||||||||
45 | Walgreens Bluffton | 59.4% | 8.1% | 8.0% | 330,928 | 4,437 | 326,491 | 1,365 | 0 | 325,126 | 100.0% | 4/1/2017 | ||||||||||||
46 | Walgreens – Holyoke, MA | 48.8% | 11.6% | 11.5% | 271,600 | 5,432 | 266,168 | 2,771 | 0 | 263,397 | 100.0% | 4/1/2017 | ||||||||||||
47 | Phenix Square | 50.8% | 12.7% | 10.9% | 349,492 | 92,126 | 257,366 | 10,708 | 26,500 | 220,158 | 100.0% | 1/1/2017 | ||||||||||||
48 | Dickinson Fiesta MHC | 59.1% | 10.5% | 10.3% | 359,017 | 166,342 | 192,675 | 3,800 | 0 | 188,875 | 98.7% | 2/10/2017 |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period (10) | Most Recent Revenues ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Capital Expenditures | Most Recent NCF ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period (10) | Second Most Recent Revenues ($) | Second Most Recent Expenses ($) | ||||||||||||||
1 | D.C. Office Portfolio | Actual 2016 | 14,640,747 | 5,784,367 | 8,856,380 | 0 | 8,856,380 | Actual 2015 | 15,237,554 | 5,852,879 | ||||||||||||||||||
1.01 | 1020 19th Street | Actual 2016 | 4,880,419 | 1,975,457 | 2,904,962 | 0 | 2,904,962 | Actual 2015 | 5,261,516 | 2,108,634 | ||||||||||||||||||
1.02 | 1900 L Street | Actual 2016 | 4,698,165 | 1,805,647 | 2,892,518 | 0 | 2,892,518 | Actual 2015 | 5,025,765 | 1,837,769 | ||||||||||||||||||
1.03 | 1920 L Street | Actual 2016 | 5,062,163 | 2,003,263 | 3,058,900 | 0 | 3,058,900 | Actual 2015 | 4,950,273 | 1,906,476 | ||||||||||||||||||
2 | The Summit Birmingham | Actual 2016 | 23,295,640 | 5,998,750 | 17,296,891 | 0 | 17,296,891 | Actual 2015 | 26,934,666 | 7,344,888 | ||||||||||||||||||
3 | One West 34th Street | Actual 2016 | 18,065,217 | 7,217,026 | 10,848,191 | 0 | 10,848,191 | Actual 2015 | 14,959,560 | 7,137,535 | ||||||||||||||||||
4 | Pentagon Center | TTM 9/30/2016 | 40,103,592 | 14,428,937 | 25,674,656 | 0 | 25,674,656 | Actual 2015 | 36,729,753 | 11,212,485 | ||||||||||||||||||
5 | JW Marriott Desert Springs | 210 | 138 | TTM 11/30/2016 | 107,456,596 | 83,173,535 | 24,283,061 | 5,910,113 | 18,372,949 | 210 | 138 | Actual 2015 | 93,899,595 | 76,625,288 | ||||||||||||||
6 | The Davenport | Annualized 11 11/30/2016 | 9,865,147 | 4,014,999 | 5,850,147 | 0 | 5,850,147 | Actual 2015 | 10,396,300 | 4,310,355 | ||||||||||||||||||
7 | Plaza 500 | Actual 2016 | 6,983,380 | 2,074,487 | 4,908,893 | 0 | 4,908,893 | Actual 2015 | 6,888,078 | 1,972,659 | ||||||||||||||||||
8 | U.S. Grant Hotel | 249 | 200 | Actual 2016 | 32,077,010 | 25,493,757 | 6,583,253 | 1,283,080 | 5,300,173 | 249 | 200 | Actual 2015 | 32,223,316 | 25,366,885 | ||||||||||||||
9 | Merrill Lynch Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
10 | Key Center Cleveland | 163 | 106 | Actual 2016 | 59,240,408 | 40,182,682 | 19,057,726 | 0 | 19,057,726 | 162 | 108 | Actual 2015 | 63,246,960 | 40,993,349 | ||||||||||||||
11 | DoubleTree Greenway Houston | 144 | 99 | TTM 11/30/2016 | 20,982,187 | 15,350,027 | 5,632,160 | 839,279 | 4,792,881 | 144 | 99 | Actual 2015 | 21,588,777 | 15,606,885 | ||||||||||||||
12 | American Greetings HQ | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
13 | The Shoppes at South Bay | Actual 2016 | 3,242,120 | 495,343 | 2,746,777 | 0 | 2,746,777 | Actual 2015 | 3,238,243 | 567,320 | ||||||||||||||||||
14 | GM Renaissance Center Parking Garage | TTM 11/30/2016 | 5,769,281 | 1,887,720 | 3,881,561 | 0 | 3,881,561 | Actual 2015 | 4,771,941 | 1,479,192 | ||||||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | TTM 7/31/2016 | 7,623,324 | 1,328,881 | 6,294,443 | 0 | 6,294,443 | Actual 2015 | 7,612,038 | 1,333,503 | ||||||||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.02 | Instituto de Banca y Comercio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
15.11 | Supermercado del Este | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
16 | Preferred Freezer Philadelphia | Actual 2015 | 2,462,400 | 33,211 | 2,429,189 | 0 | 2,429,189 | Actual 2014 | 2,462,400 | 31,746 | ||||||||||||||||||
17 | Empire Tower I | Actual 2016 | 3,422,211 | 1,429,126 | 1,993,085 | 0 | 1,993,085 | Actual 2015 | 2,976,157 | 1,514,543 | ||||||||||||||||||
18 | 2200 Renaissance Boulevard | Actual 2016 | 1,788,278 | 1,081,589 | 706,688 | 0 | 706,688 | Actual 2015 | 1,551,029 | 1,242,537 | ||||||||||||||||||
19 | B.F. Saul Hotel Portfolio | 113 | 91 | TTM 1/31/2017 | 11,315,166 | 8,298,727 | 3,016,439 | 0 | 3,016,439 | 113 | 91 | Actual 2016 | 11,305,828 | 8,240,312 | ||||||||||||||
19.01 | SpringHill Suites Boca Raton | 115 | 94 | TTM 1/31/2017 | 5,135,690 | 3,871,769 | 1,263,921 | 0 | 1,263,921 | 115 | 94 | Actual 2016 | 5,126,720 | 3,830,120 | ||||||||||||||
19.02 | TownePlace Suites Boca Raton | 113 | 87 | TTM 1/31/2017 | 2,944,614 | 1,984,348 | 960,266 | 0 | 960,266 | 113 | 87 | Actual 2016 | 2,979,223 | 1,975,609 | ||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 109 | 90 | TTM 1/31/2017 | 3,234,862 | 2,442,610 | 792,252 | 0 | 792,252 | 109 | 93 | Actual 2016 | 3,199,885 | 2,434,583 | ||||||||||||||
20 | Walgreens Alaska | Actual 2015 | 625,000 | 0 | 625,000 | 0 | 625,000 | NAV | NAV | NAV | ||||||||||||||||||
21 | Walgreens New York | Actual 2015 | 554,257 | 0 | 554,257 | 0 | 554,257 | NAV | NAV | NAV | ||||||||||||||||||
22 | Walgreens Alabama | Actual 2015 | 454,000 | 0 | 454,000 | 0 | 454,000 | NAV | NAV | NAV | ||||||||||||||||||
23 | San Mateo Self Storage | TTM 11/30/2016 | 2,654,823 | 741,039 | 1,913,784 | 0 | 1,913,784 | Actual 2015 | 2,487,079 | 728,178 | ||||||||||||||||||
24 | King Plaza Center | Actual 2016 | 2,335,417 | 392,214 | 1,943,203 | 0 | 1,943,203 | Actual 2015 | 2,259,628 | 371,366 | ||||||||||||||||||
25 | Plaza at Milltown Commercial Center | TTM 11/30/2016 | 1,307,765 | 395,393 | 912,372 | 0 | 912,372 | Actual 2015 | 1,131,801 | 408,006 | ||||||||||||||||||
26 | Hilton – Mystic, CT | 142 | 96 | TTM 10/31/2016 | 8,575,839 | 6,647,852 | 1,927,987 | 0 | 1,927,987 | 141 | 96 | Actual 2015 | 6,246,725 | 5,796,927 | ||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 145 | 110 | Actual 2016 | 4,467,696 | 2,790,848 | 1,676,848 | 0 | 1,676,848 | 145 | 113 | Actual 2015 | 4,574,482 | 2,781,762 | ||||||||||||||
28 | Mercury Tech Center | Actual 2016 | 643,096 | 255,987 | 387,109 | 0 | 387,109 | Actual 2015 | 182,053 | 220,571 | ||||||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | TTM 11/30/2016 | 1,344,847 | 387,052 | 957,794 | 0 | 957,794 | Actual 2015 | 1,317,125 | 392,631 | ||||||||||||||||||
30 | Bay Area Apartment Portfolio | Actual 2016 | 1,086,251 | 263,866 | 822,385 | 0 | 822,385 | Actual 2015 | 977,946 | 258,848 | ||||||||||||||||||
30.01 | Athol Apartments | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
30.02 | Lester Apartments | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
31 | Fashion Place Shopping Center | Annualized 8 8/30/2016 | 1,018,658 | 163,793 | 854,865 | 0 | 854,865 | Actual 2015 | 1,066,555 | 283,456 | ||||||||||||||||||
32 | Alameda Apartments | TTM 8/31/2016 | 1,303,804 | 460,304 | 843,500 | 39,808 | 803,692 | Actual 2015 | 1,242,458 | 417,646 | ||||||||||||||||||
33 | North Main Self Storage | TTM 11/30/2016 | 1,037,559 | 429,691 | 607,868 | 0 | 607,868 | Actual 2015 | 978,115 | 371,054 | ||||||||||||||||||
34 | 24-HR Fitness - Pearland | Annualized 9 9/30/2016 | 1,038,397 | 182,859 | 855,538 | 0 | 855,538 | Actual 2015 | 1,292,600 | 211,021 | ||||||||||||||||||
35 | Medford Retail Shops | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
36 | Magnolia Tech Park Portfolio | Annualized 10 10/31/2016 | 1,048,718 | 144,784 | 903,935 | 0 | 903,935 | Actual 2015 | 906,510 | 157,865 | ||||||||||||||||||
36.01 | Magnolia Tech Park | Annualized 10 10/31/2016 | 851,438 | 108,468 | 742,970 | 0 | 742,970 | Actual 2015 | 717,610 | 112,996 | ||||||||||||||||||
36.02 | Tamina Office Park | Annualized 10 10/31/2016 | 197,280 | 36,316 | 160,964 | 0 | 160,964 | Actual 2015 | 188,900 | 44,869 | ||||||||||||||||||
37 | Best Western – Hannaford, OH | 96 | 78 | Actual 2016 | 2,254,277 | 1,213,640 | 1,040,637 | 0 | 1,040,637 | 96 | 77 | Actual 2015 | 2,292,871 | 1,151,673 | ||||||||||||||
38 | Huntsville Commons | TTM 1/31/2017 | 849,907 | 183,693 | 666,214 | 0 | 666,214 | Actual 2015 | 834,149 | 169,065 | ||||||||||||||||||
39 | Red Roof Inn BWI Airport | 68 | 53 | Actual 2016 | 2,654,600 | 1,692,400 | 962,200 | 106,184 | 856,016 | 68 | 53 | Actual 2015 | 2,715,800 | 1,738,300 | ||||||||||||||
40 | Kingwood Forest Apartments | TTM 9/30/2016 | 1,243,191 | 457,044 | 786,148 | 0 | 786,148 | Actual 2015 | 1,234,219 | 460,697 | ||||||||||||||||||
41 | Lawndale Plaza | Annualized 10 10/31/2016 | 781,076 | 279,234 | 501,842 | 0 | 501,842 | Actual 2015 | 809,070 | 245,363 | ||||||||||||||||||
42 | Barry Plaza | TTM 7/31/2016 | 829,413 | 285,633 | 543,780 | 24,969 | 518,811 | Actual 2015 | 794,995 | 298,888 | ||||||||||||||||||
43 | 301-333 S Abbot Avenue | Actual 2016 | 763,085 | 194,110 | 568,974 | 0 | 568,974 | Actual 2015 | 744,418 | 191,894 | ||||||||||||||||||
44 | Amcor Industrial | Actual 2016 | 570,491 | 43,574 | 526,917 | 0 | 526,917 | Actual 2015 | 716,889 | 20,790 | ||||||||||||||||||
45 | Walgreens Bluffton | Annualized 9 9/30/2016 | 340,000 | 5,289 | 334,711 | 0 | 334,711 | Actual 2015 | 340,000 | 7,367 | ||||||||||||||||||
46 | Walgreens – Holyoke, MA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||||
47 | Phenix Square | Actual 2016 | 355,096 | 95,024 | 260,072 | 0 | 260,072 | Actual 2015 | 352,997 | 76,925 | ||||||||||||||||||
48 | Dickinson Fiesta MHC | Actual 2016 | 365,163 | 184,551 | 180,612 | 0 | 180,612 | Actual 2015 | 338,777 | 176,485 |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Second Most Recent NOI ($) | Second Most Recent Capital Expenditures | Second Most Recent NCF ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period (10) | Third Most Recent Revenues ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Capital Expenditures | Third Most Recent NCF ($) | Third Most Recent Hotel ADR | |||||||||||||
1 | D.C. Office Portfolio | 9,384,675 | 0 | 9,384,675 | Actual 2014 | 15,126,403 | 5,572,552 | 9,553,851 | 0 | 9,553,851 | ||||||||||||||||
1.01 | 1020 19th Street | 3,152,882 | 0 | 3,152,882 | Actual 2014 | 5,188,508 | 1,945,025 | 3,243,483 | 0 | 3,243,483 | ||||||||||||||||
1.02 | 1900 L Street | 3,187,996 | 0 | 3,187,996 | Actual 2014 | 4,872,868 | 1,749,551 | 3,123,317 | 0 | 3,123,317 | ||||||||||||||||
1.03 | 1920 L Street | 3,043,797 | 0 | 3,043,797 | Actual 2014 | 5,065,027 | 1,877,976 | 3,187,051 | 0 | 3,187,051 | ||||||||||||||||
2 | The Summit Birmingham | 19,589,778 | 0 | 19,589,778 | Actual 2014 | 26,381,257 | 6,966,130 | 19,415,127 | 0 | 19,415,127 | ||||||||||||||||
3 | One West 34th Street | 7,822,025 | 0 | 7,822,025 | Actual 2014 | 15,458,741 | 6,368,441 | 9,090,300 | 0 | 9,090,300 | ||||||||||||||||
4 | Pentagon Center | 25,517,267 | 0 | 25,517,267 | Actual 2014 | 34,159,542 | 10,296,987 | 23,862,555 | 0 | 23,862,555 | ||||||||||||||||
5 | JW Marriott Desert Springs | 17,274,307 | 5,160,790 | 12,113,517 | 201 | 122 | Actual 2014 | 94,338,291 | 77,847,796 | 16,490,495 | 5,197,956 | 11,292,539 | 197 | |||||||||||||
6 | The Davenport | 6,085,945 | 0 | 6,085,945 | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
7 | Plaza 500 | 4,915,419 | 0 | 4,915,419 | Actual 2014 | 7,209,128 | 1,951,640 | 5,257,488 | 0 | 5,257,488 | ||||||||||||||||
8 | U.S. Grant Hotel | 6,856,431 | 1,288,933 | 5,567,498 | 236 | 192 | Actual 2014 | 30,448,999 | 24,249,385 | 6,199,614 | 1,217,960 | 4,981,654 | 217 | |||||||||||||
9 | Merrill Lynch Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
10 | Key Center Cleveland | 22,253,611 | 0 | 22,253,611 | 158 | 112 | Actual 2014 | 64,203,206 | 39,347,384 | 24,855,822 | 0 | 24,855,822 | 158 | |||||||||||||
11 | DoubleTree Greenway Houston | 5,981,892 | 863,498 | 5,118,394 | 152 | 104 | Actual 2014 | 21,205,110 | 15,618,857 | 5,586,253 | 848,204 | 4,738,049 | 144 | |||||||||||||
12 | American Greetings HQ | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
13 | The Shoppes at South Bay | 2,670,923 | 0 | 2,670,923 | Actual 2014 | 3,267,158 | 541,928 | 2,725,230 | 0 | 2,725,230 | ||||||||||||||||
14 | GM Renaissance Center Parking Garage | 3,292,749 | 0 | 3,292,749 | Actual 2014 | 3,871,840 | 1,432,067 | 2,439,773 | 0 | 2,439,773 | ||||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | 6,278,535 | 0 | 6,278,535 | Actual 2014 | 7,799,517 | 1,296,308 | 6,503,209 | 0 | 6,503,209 | ||||||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.02 | Instituto de Banca y Comercio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
15.11 | Supermercado del Este | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
16 | Preferred Freezer Philadelphia | 2,430,654 | 0 | 2,430,654 | Actual 2013 | 2,462,400 | 27,849 | 2,434,551 | 0 | 2,434,551 | ||||||||||||||||
17 | Empire Tower I | 1,461,614 | 0 | 1,461,614 | Actual 2014 | 2,505,172 | 1,541,386 | 963,787 | 0 | 963,787 | ||||||||||||||||
18 | 2200 Renaissance Boulevard | 308,492 | 0 | 308,492 | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
19 | B.F. Saul Hotel Portfolio | 3,065,516 | 0 | 3,065,516 | 112 | 91 | Actual 2015 | 10,242,241 | 7,753,148 | 2,489,093 | 0 | 2,489,093 | 108 | |||||||||||||
19.01 | SpringHill Suites Boca Raton | 1,296,600 | 0 | 1,296,600 | 114 | 93 | Actual 2015 | 4,655,045 | 3,570,180 | 1,084,865 | 0 | 1,084,865 | 112 | |||||||||||||
19.02 | TownePlace Suites Boca Raton | 1,003,614 | 0 | 1,003,614 | 113 | 87 | Actual 2015 | 2,768,534 | 1,907,787 | 860,747 | 0 | 860,747 | 110 | |||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 765,302 | 0 | 765,302 | 108 | 91 | Actual 2015 | 2,818,662 | 2,275,180 | 543,482 | 0 | 543,482 | 99 | |||||||||||||
20 | Walgreens Alaska | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
21 | Walgreens New York | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
22 | Walgreens Alabama | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
23 | San Mateo Self Storage | 1,758,901 | 0 | 1,758,901 | Actual 2014 | 2,313,470 | 716,530 | 1,596,940 | 0 | 1,596,940 | ||||||||||||||||
24 | King Plaza Center | 1,888,262 | 0 | 1,888,262 | Actual 2014 | 2,180,971 | 393,467 | 1,787,504 | 0 | 1,787,504 | ||||||||||||||||
25 | Plaza at Milltown Commercial Center | 723,795 | 0 | 723,795 | Actual 2014 | 1,036,259 | 398,018 | 638,241 | 0 | 638,241 | ||||||||||||||||
26 | Hilton – Mystic, CT | 449,798 | 0 | 449,798 | 126 | 75 | Actual 2014 | 5,644,303 | 4,378,428 | 1,265,875 | 0 | 1,265,875 | 125 | |||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 1,792,720 | 0 | 1,792,720 | 139 | 116 | Actual 2014 | 4,206,290 | 2,636,473 | 1,569,817 | 0 | 1,569,817 | 128 | |||||||||||||
28 | Mercury Tech Center | -38,518 | 0 | -38,518 | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | 924,493 | 0 | 924,493 | Actual 2014 | 1,357,116 | 393,972 | 963,144 | 0 | 963,144 | ||||||||||||||||
30 | Bay Area Apartment Portfolio | 719,098 | 0 | 719,098 | Actual 2014 | 864,957 | 238,483 | 626,474 | 0 | 626,474 | ||||||||||||||||
30.01 | Athol Apartments | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
30.02 | Lester Apartments | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
31 | Fashion Place Shopping Center | 783,099 | 0 | 783,099 | Actual 2014 | 1,032,983 | 304,996 | 727,987 | 0 | 727,987 | ||||||||||||||||
32 | Alameda Apartments | 824,812 | 24,505 | 800,307 | Actual 2014 | 1,149,325 | 413,505 | 735,820 | 42,152 | 693,668 | ||||||||||||||||
33 | North Main Self Storage | 607,061 | 0 | 607,061 | Actual 2014 | 874,176 | 383,785 | 490,391 | 0 | 490,391 | ||||||||||||||||
34 | 24-HR Fitness - Pearland | 1,081,579 | 0 | 1,081,579 | Actual 2014 | 1,014,335 | 214,868 | 799,467 | 0 | 799,467 | ||||||||||||||||
35 | Medford Retail Shops | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
36 | Magnolia Tech Park Portfolio | 748,645 | 0 | 748,645 | Actual 2014 | 555,800 | 90,539 | 465,261 | 0 | 465,261 | ||||||||||||||||
36.01 | Magnolia Tech Park | 604,614 | 0 | 604,614 | Actual 2014 | 400,500 | 62,085 | 338,415 | 0 | 338,415 | ||||||||||||||||
36.02 | Tamina Office Park | 144,031 | 0 | 144,031 | Actual 2014 | 155,300 | 28,454 | 126,846 | 0 | 126,846 | ||||||||||||||||
37 | Best Western – Hannaford, OH | 1,141,198 | 0 | 1,141,198 | 99 | 79 | Actual 2014 | 2,114,374 | 1,089,065 | 1,025,309 | 0 | 1,025,309 | 97 | |||||||||||||
38 | Huntsville Commons | 665,084 | 0 | 665,084 | Actual 2014 | 800,321 | 159,981 | 640,340 | 0 | 640,340 | ||||||||||||||||
39 | Red Roof Inn BWI Airport | 977,500 | 108,632 | 868,868 | 68 | 55 | Actual 2014 | 2,575,000 | 1,591,200 | 983,800 | 103,000 | 880,800 | 66 | |||||||||||||
40 | Kingwood Forest Apartments | 773,521 | 0 | 773,521 | Actual 2014 | 1,272,896 | 475,024 | 797,871 | 0 | 797,871 | ||||||||||||||||
41 | Lawndale Plaza | 563,707 | 0 | 563,707 | Actual 2014 | 765,022 | 227,694 | 537,328 | 0 | 537,328 | ||||||||||||||||
42 | Barry Plaza | 496,106 | 0 | 496,106 | Actual 2014 | 824,078 | 311,531 | 512,547 | 0 | 512,547 | ||||||||||||||||
43 | 301-333 S Abbot Avenue | 552,525 | 0 | 552,525 | Actual 2014 | 693,307 | 178,234 | 515,073 | 0 | 515,073 | ||||||||||||||||
44 | Amcor Industrial | 696,099 | 0 | 696,099 | Actual 2014 | 815,658 | 44,683 | 770,975 | 0 | 770,975 | ||||||||||||||||
45 | Walgreens Bluffton | 332,633 | 0 | 332,633 | Annualized 8 12/31/2014 | 340,000 | 5,100 | 334,900 | 0 | 334,900 | ||||||||||||||||
46 | Walgreens – Holyoke, MA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||||||||
47 | Phenix Square | 276,072 | 0 | 276,072 | Actual 2014 | 348,417 | 95,395 | 253,022 | 0 | 253,022 | ||||||||||||||||
48 | Dickinson Fiesta MHC | 162,292 | 0 | 162,292 | Actual 2014 | 311,626 | 161,216 | 150,410 | 0 | 150,410 |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name (7) (9) (10) (11) (12) (13) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date | 2nd Largest Tenant Name (3) (9) (11) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date | |||||||||||
1 | D.C. Office Portfolio | N | Various | Various | Various | Various | Various | Various | Various | Various | ||||||||||||
1.01 | 1020 19th Street | N | Farr, Miller & Washington | 7,661 | 6.6% | 3/31/2018 | Community Action Partnership | 6,291 | 5.4% | 4/30/2026 | ||||||||||||
1.02 | 1900 L Street | N | Change to Win | 12,711 | 12.1% | 9/30/2020 | Questex Media Group, LLC | 12,513 | 11.9% | 5/31/2020 | ||||||||||||
1.03 | 1920 L Street | N | Liquidity Services, Inc. | 27,347 | 25.4% | 9/30/2019 | League of Conservation Voters | 13,030 | 12.1% | 12/31/2017 | ||||||||||||
2 | The Summit Birmingham | N | Belk, Inc. | 163,480 | 24.0% | 1/31/2018 | RSM US | 35,724 | 5.2% | 10/31/2021 | ||||||||||||
3 | One West 34th Street | N | Duane Reade | 11,075 | 5.3% | 11/30/2021 | Olivia Miller, Inc. | 10,600 | 5.0% | 7/31/2024 | ||||||||||||
4 | Pentagon Center | N | GSA (DoD) Pentagon II (Taylor) | 558,187 | 61.2% | 4/30/2023 | GSA (DoD) Pentagon I (Polk) | 353,631 | 38.8% | 9/14/2025 | ||||||||||||
5 | JW Marriott Desert Springs | 121 | N | |||||||||||||||||||
6 | The Davenport | N | HubSpot | 185,448 | 80.3% | 10/31/2027 | Atlas Venture | 18,674 | 8.1% | 10/31/2017 | ||||||||||||
7 | Plaza 500 | N | Paxton Van Lines, Inc. | 143,440 | 28.5% | 8/31/2023 | Stock Building Supply | 135,338 | 26.9% | 2/29/2024 | ||||||||||||
8 | U.S. Grant Hotel | 170 | N | |||||||||||||||||||
9 | Merrill Lynch Drive | N | Merrill Lynch Pierce Fenner & Smith Incorporated | 553,841 | 100.0% | 11/30/2024 | ||||||||||||||||
10 | Key Center Cleveland | 105 | N | KeyBank National Association | 477,781 | 34.9% | 6/30/2030 | Squire Patton Boggs | 150,890 | 11.0% | 4/30/2022 | |||||||||||
11 | DoubleTree Greenway Houston | 103 | N | |||||||||||||||||||
12 | American Greetings HQ | N | American Greetings | 655,969 | 100.0% | 9/30/2031 | ||||||||||||||||
13 | The Shoppes at South Bay | N | Wal-Mart R.E. Business | 146,947 | 74.6% | 6/14/2025 | Dollar Tree Stores, Inc | 10,350 | 5.3% | 3/31/2018 | ||||||||||||
14 | GM Renaissance Center Parking Garage | N | SP Plus Corporation | 1,273 | 100.0% | 12/31/2022 | ||||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Y | Various | Various | Various | Various | Various | Various | Various | Various | ||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | Y | Ralph’s Food Warehouse - Fajardo | 82,000 | 83.5% | 1/31/2037 | Rent Express by Berrios, Inc. | 7,257 | 7.4% | 1/31/2019 | ||||||||||||
15.02 | Instituto de Banca y Comercio | Y | Instituto de Banca y Comercio (IBC) | 60,000 | 100.0% | 1/31/2037 | ||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | Y | Ralph’s Food Warehouse - Yabucoa | 59,276 | 66.4% | 1/31/2037 | Grands | 15,835 | 17.7% | 6/30/2021 | ||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | Y | Ralph’s Food Warehouse - Caguas | 62,281 | 85.7% | 1/31/2037 | McDonald’s | 4,094 | 5.6% | 9/30/2031 | ||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | Y | Ralph’s Food Warehouse - Humacao | 74,679 | 90.7% | 1/31/2037 | Banco Popular | 5,652 | 6.9% | 10/31/2026 | ||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | Y | Ralph’s Food Warehouse - Gurabo | 38,725 | 76.0% | 1/31/2037 | Empresas Saez | 3,448 | 6.8% | 11/14/2017 | ||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | Y | Ralph’s Food Warehouse -Naguabo | 47,484 | 83.1% | 1/31/2037 | Me Salve | 3,600 | 6.3% | 8/31/2022 | ||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | Y | Ralph’s Food Warehouse - San Lorenzo | 45,109 | 100.0% | 1/31/2037 | ||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | Y | Ralph’s Food Warehouse - Cayey | 40,424 | 100.0% | 1/31/2037 | ||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | Y | Ralph’s Food Warehouse - Las Piedras | 40,862 | 100.0% | 1/31/2037 | ||||||||||||||||
15.11 | Supermercado del Este | Y | Supermercados del Este | 30,405 | 100.0% | 1/31/2037 | ||||||||||||||||
16 | Preferred Freezer Philadelphia | N | Preferred Freezer | 138,236 | 100.0% | 3/31/2042 | ||||||||||||||||
17 | Empire Tower I | N | Sedgwick Claims Mgmt Svcs, Inc | 27,244 | 15.2% | 2/29/2020 | Caliber Home Loans, Inc. | 12,065 | 6.7% | 6/30/2020 | ||||||||||||
18 | 2200 Renaissance Boulevard | N | Liberty Mutual Insurance | 42,418 | 23.0% | 6/30/2022 | Ratner Prestia PC | 23,915 | 13.0% | 8/31/2027 | ||||||||||||
19 | B.F. Saul Hotel Portfolio | 83 | N | |||||||||||||||||||
19.01 | SpringHill Suites Boca Raton | 85 | N | |||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | 82 | N | |||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 81 | N | |||||||||||||||||||
20 | Walgreens Alaska | N | Walgreens | 14,418 | 100.0% | 5/31/2034 | ||||||||||||||||
21 | Walgreens New York | N | Walgreens | 14,550 | 100.0% | 10/31/2037 | ||||||||||||||||
22 | Walgreens Alabama | N | Walgreens | 14,550 | 100.0% | 6/30/2037 | ||||||||||||||||
23 | San Mateo Self Storage | N | ||||||||||||||||||||
24 | King Plaza Center | N | Manila Oriental | 32,359 | 54.4% | 6/30/2026 | Jeff Zhen Lin & How Chun Wong dba Tai Yuan Restaurant | 8,255 | 13.9% | 7/31/2025 | ||||||||||||
25 | Plaza at Milltown Commercial Center | N | Hawaii Tech Academy Public Charter School | 13,106 | 36.0% | 5/15/2026 | Liberty Dialysis-Hawaii LLC | 12,704 | 34.9% | 10/31/2018 | ||||||||||||
26 | Hilton – Mystic, CT | 79 | N | |||||||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 104 | N | |||||||||||||||||||
28 | Mercury Tech Center | N | San Diego Services, LLC | 9,241 | 11.5% | 9/30/2021 | Resonetics, LLC | 8,927 | 11.1% | 11/30/2025 | ||||||||||||
29 | Crossroads Shopping Center-Bakersfield | N | FoodMaxx/Save Mart | 58,239 | 59.4% | 10/7/2021 | T-Shirt Outlet | 6,450 | 6.6% | 1/31/2018 | ||||||||||||
30 | Bay Area Apartment Portfolio | N | ||||||||||||||||||||
30.01 | Athol Apartments | N | ||||||||||||||||||||
30.02 | Lester Apartments | N | ||||||||||||||||||||
31 | Fashion Place Shopping Center | N | Goodwill Industries | 26,458 | 17.9% | 9/30/2021 | Badcock Home Furniture & More | 24,300 | 16.5% | 3/31/2024 | ||||||||||||
32 | Alameda Apartments | N | ||||||||||||||||||||
33 | North Main Self Storage | N | ||||||||||||||||||||
34 | 24-HR Fitness - Pearland | N | 24 HR Fitness | 39,700 | 100.0% | 12/31/2032 | ||||||||||||||||
35 | Medford Retail Shops | N | Red Robin | 7,247 | 19.3% | 12/31/2018 | DMW | 7,178 | 19.2% | 7/31/2031 | ||||||||||||
36 | Magnolia Tech Park Portfolio | N | Various | Various | Various | Various | Various | Various | Various | Various | ||||||||||||
36.01 | Magnolia Tech Park | N | BlueFish Worx | 21,350 | 31.1% | 8/31/2019 | MBA Construction | 19,200 | 28.0% | 2/28/2020 | ||||||||||||
36.02 | Tamina Office Park | N | eSpend, LLC | 6,525 | 34.9% | 10/31/2017 | Matt & Charlene Watson | 3,400 | 18.2% | 1/31/2018 | ||||||||||||
37 | Best Western – Hannaford, OH | 72 | N | |||||||||||||||||||
38 | Huntsville Commons | N | It’s Fashion Metro | 10,000 | 15.7% | 1/31/2020 | Dollar Tree Stores, Inc. | 10,000 | 15.7% | 1/31/2026 | ||||||||||||
39 | Red Roof Inn BWI Airport | 52 | N | |||||||||||||||||||
40 | Kingwood Forest Apartments | N | ||||||||||||||||||||
41 | Lawndale Plaza | N | 99 Cents Only | 18,215 | 35.1% | 1/31/2020 | Family Dollar Stores | 12,700 | 24.5% | 12/31/2020 | ||||||||||||
42 | Barry Plaza | N | AutoZone, Inc. | 8,556 | 24.2% | 7/31/2023 | ETA Wholesale & Retail, Inc., dba Dollar Price Plus | 3,554 | 10.0% | 9/30/2019 | ||||||||||||
43 | 301-333 S Abbot Avenue | N | Denny’s Inc. | 8,263 | 40.6% | 10/12/2030 | Alliance | 5,796 | 28.5% | 5/31/2026 | ||||||||||||
44 | Amcor Industrial | N | Amcor Flexibles LLC | 170,891 | 100.0% | 5/31/2026 | ||||||||||||||||
45 | Walgreens Bluffton | N | Walgreens | 13,650 | 100.0% | 7/31/2080 | ||||||||||||||||
46 | Walgreens – Holyoke, MA | N | Walgreens | 13,854 | 99.6% | 9/30/2034 | ||||||||||||||||
47 | Phenix Square | N | Big Lots | 33,720 | 63.0% | 1/31/2021 | Family Dollar Store | 9,000 | 16.8% | 12/31/2017 | ||||||||||||
48 | Dickinson Fiesta MHC | N |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 3rd Largest Tenant Name (9) (11) (12) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date | 4th Largest Tenant Name (11) (12) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | |||||||||
1 | D.C. Office Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | |||||||||
1.01 | 1020 19th Street | Strategic Marketing Innovations | 6,045 | 5.2% | 5/31/2021 | FSG.Inc. | 5,127 | 4.4% | 3/31/2022 | |||||||||
1.02 | 1900 L Street | Robert Half International Inc. | 4,715 | 4.5% | 3/31/2019 | Nat’l Committee for Responsive Philanthropy (NCRP) | 3,140 | 3.0% | 7/31/2026 | |||||||||
1.03 | 1920 L Street | Mooney, Green, Saindon, Murphy & Welch PC | 7,803 | 7.2% | 10/31/2025 | PNC Bank | 5,304 | 4.9% | 12/31/2018 | |||||||||
2 | The Summit Birmingham | Barnes & Noble | 25,397 | 3.7% | 2/1/2018 | Gap | 17,522 | 2.6% | 3/31/2020 | |||||||||
3 | One West 34th Street | International Inspirations, Ltd | 7,754 | 3.7% | 11/30/2026 | L M Cohen & Co. Llp | 7,104 | 3.4% | 1/31/2024 | |||||||||
4 | Pentagon Center | |||||||||||||||||
5 | JW Marriott Desert Springs | |||||||||||||||||
6 | The Davenport | Nature Publishing Group | 11,064 | 4.8% | 4/30/2018 | |||||||||||||
7 | Plaza 500 | Precision Doors & Hardware | 36,658 | 7.3% | 2/29/2024 | Service Source, Inc. | 27,603 | 5.5% | 5/31/2020 | |||||||||
8 | U.S. Grant Hotel | |||||||||||||||||
9 | Merrill Lynch Drive | |||||||||||||||||
10 | Key Center Cleveland | Forest City | 147,795 | 10.8% | 3/31/2033 | Thompson Hine LLP | 125,120 | 9.1% | 9/30/2029 | |||||||||
11 | DoubleTree Greenway Houston | |||||||||||||||||
12 | American Greetings HQ | |||||||||||||||||
13 | The Shoppes at South Bay | Lumber Liquidators | 5,175 | 2.6% | 2/29/2020 | Light of Day Inc, & Kevin | 3,500 | 1.8% | 6/30/2020 | |||||||||
14 | GM Renaissance Center Parking Garage | |||||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | |||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | Medical Card Systems | 2,034 | 2.1% | 1/31/2018 | |||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | Rent A Center | 4,321 | 4.8% | 10/31/2018 | Centro Radiologico de Yabucoa, Inc. | 2,734 | 3.1% | 11/30/2021 | |||||||||
15.04 | Ralph’s Food Warehouse - Caguas | Banco Popular | 2,100 | 2.9% | 12/31/2019 | Conmed Laboratories | 2,100 | 2.9% | 3/31/2025 | |||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | Laboratorio Clinico | 2,577 | 5.1% | 12/31/2031 | Capital Taco Maker | 1,912 | 3.8% | 8/31/2024 | |||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | Zulyer Pharmacy | 2,250 | 3.9% | 3/31/2018 | |||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||||||
15.11 | Supermercado del Este | |||||||||||||||||
16 | Preferred Freezer Philadelphia | |||||||||||||||||
17 | Empire Tower I | Liberty Mutual Insurance Co. | 10,435 | 5.8% | 5/31/2019 | UC Synergetic, LLC | 9,630 | 5.4% | 10/31/2019 | |||||||||
18 | 2200 Renaissance Boulevard | Telerx Marketing, Inc | 15,782 | 8.6% | 11/30/2021 | ASI Business Solutions | 14,419 | 7.8% | 6/30/2020 | |||||||||
19 | B.F. Saul Hotel Portfolio | |||||||||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||||||
20 | Walgreens Alaska | |||||||||||||||||
21 | Walgreens New York | |||||||||||||||||
22 | Walgreens Alabama | |||||||||||||||||
23 | San Mateo Self Storage | |||||||||||||||||
24 | King Plaza Center | Wash & Dry | 2,394 | 4.0% | 1/31/2017 | Chung Ko Fong & Mai Wai Chow Fong dba New Horizons Bakery | 1,890 | 3.2% | 5/31/2020 | |||||||||
25 | Plaza at Milltown Commercial Center | Ballet Hawaii | 2,619 | 7.2% | 5/31/2026 | Na Maka PreSchool | 1,762 | 4.8% | 7/31/2018 | |||||||||
26 | Hilton – Mystic, CT | |||||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | |||||||||||||||||
28 | Mercury Tech Center | Advanced HPC, Inc. | 8,665 | 10.8% | 2/29/2024 | Unique Building Group, Inc. | 8,443 | 10.5% | 10/31/2021 | |||||||||
29 | Crossroads Shopping Center-Bakersfield | Y.J. Tae Kwon Do Aca | 3,153 | 3.2% | 11/30/2018 | Dr. Jason Nguyen Den | 2,601 | 2.7% | 7/31/2022 | |||||||||
30 | Bay Area Apartment Portfolio | |||||||||||||||||
30.01 | Athol Apartments | |||||||||||||||||
30.02 | Lester Apartments | |||||||||||||||||
31 | Fashion Place Shopping Center | Staples | 22,500 | 15.3% | 12/31/2021 | Dollar Tree | 16,700 | 11.3% | 6/30/2024 | |||||||||
32 | Alameda Apartments | |||||||||||||||||
33 | North Main Self Storage | |||||||||||||||||
34 | 24-HR Fitness - Pearland | |||||||||||||||||
35 | Medford Retail Shops | Safeway Gas | 3,600 | 9.6% | 9/30/2021 | Mongolian BBQ | 3,320 | 8.9% | 3/31/2021 | |||||||||
36 | Magnolia Tech Park Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | |||||||||
36.01 | Magnolia Tech Park | Agility Doc’s | 7,100 | 10.3% | 9/30/2018 | Abstract Media | 5,550 | 8.1% | 3/31/2022 | |||||||||
36.02 | Tamina Office Park | MWT Capital | 2,700 | 14.4% | 12/31/2021 | Little Frozen Foods | 2,250 | 12.0% | 8/31/2018 | |||||||||
37 | Best Western – Hannaford, OH | |||||||||||||||||
38 | Huntsville Commons | Chow King | 5,590 | 8.8% | 5/31/2018 | Rent A Center East Inc. | 5,000 | 7.8% | 5/31/2022 | |||||||||
39 | Red Roof Inn BWI Airport | |||||||||||||||||
40 | Kingwood Forest Apartments | |||||||||||||||||
41 | Lawndale Plaza | La Michoacana Meat Market | 10,954 | 21.1% | 5/31/2018 | Crown Dental | 2,262 | 4.4% | 2/28/2027 | |||||||||
42 | Barry Plaza | Rent-A-Center East, Inc. | 3,550 | 10.0% | 2/28/2021 | JPMorganChase Bank, National Association | 3,245 | 9.2% | 4/30/2019 | |||||||||
43 | 301-333 S Abbot Avenue | Achieving Stars Academy | 4,842 | 23.8% | 3/31/2020 | Swati Pappu dba The Dental Clinic | 1,463 | 7.2% | 8/31/2021 | |||||||||
44 | Amcor Industrial | |||||||||||||||||
45 | Walgreens Bluffton | |||||||||||||||||
46 | Walgreens – Holyoke, MA | |||||||||||||||||
47 | Phenix Square | Renter’s Choice | 4,542 | 8.5% | 8/31/2021 | Advance America CAS | 2,200 | 4.1% | 9/30/2017 | |||||||||
48 | Dickinson Fiesta MHC |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 5th Largest Tenant Name (9) (11) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA | 5th Largest Tenant Exp. Date | Engineering Report Date | Environmental Report Date (Phase I) | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | |||||||||||
1 | D.C. Office Portfolio | Various | Various | Various | Various | 12/28/2016 | Various | N | ||||||||||||||
1.01 | 1020 19th Street | Roth Staffing Companies, L.P. | 3,836 | 3.3% | 11/30/2017 | 12/28/2016 | 12/28/2016 | N | ||||||||||||||
1.02 | 1900 L Street | The Reagan-Udall Foundation for the Food & Drug Administration | 2,795 | 2.7% | 5/31/2022 | 12/28/2016 | 12/29/2016 | N | ||||||||||||||
1.03 | 1920 L Street | Booking.com | 5,106 | 4.7% | 8/31/2020 | 12/28/2016 | 12/30/2016 | N | ||||||||||||||
2 | The Summit Birmingham | Brownell Travel | 15,126 | 2.2% | 3/31/2018 | 11/9/2016 | 11/10/2016 | N | ||||||||||||||
3 | One West 34th Street | Hop Lun, U.S.A., Inc | 6,441 | 3.1% | 7/31/2018 | 12/16/2016 | 12/16/2016 | N | ||||||||||||||
4 | Pentagon Center | 12/29/2016 | 12/29/2016 | N | ||||||||||||||||||
5 | JW Marriott Desert Springs | 1/5/2017 | 1/18/2017 | 12/5/2016 | 16.0% | N | ||||||||||||||||
6 | The Davenport | 1/25/2017 | 1/18/2017 | N | ||||||||||||||||||
7 | Plaza 500 | The New Haven Company | 16,618 | 3.3% | 4/30/2020 | 1/30/2017 | 2/1/2017 | N | ||||||||||||||
8 | U.S. Grant Hotel | 8/11/2016 | 8/9/2016 | 1/4/2017 | 8/9/2016 | 18.0% | N | |||||||||||||||
9 | Merrill Lynch Drive | 12/30/2016 | 12/30/2016 | N | ||||||||||||||||||
10 | Key Center Cleveland | Baker Hostetler LLP | 115,615 | 8.4% | 10/31/2031 | 8/3/2016 | 8/11/2016 | N | ||||||||||||||
11 | DoubleTree Greenway Houston | 12/30/2016 | 12/30/2016 | N | ||||||||||||||||||
12 | American Greetings HQ | 9/12/2016 | 9/8/2016 | N | ||||||||||||||||||
13 | The Shoppes at South Bay | T-Mobile West Corporation | 2,500 | 1.3% | 6/30/2018 | 2/14/2017 | 2/15/2017 | 2/15/2017 | Building 19503: 9.0%; Building 1431 & 1441: 7.0% | N | ||||||||||||
14 | GM Renaissance Center Parking Garage | 1/4/2017 | 1/3/2017 | N | ||||||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Various | Various | Various | Various | Various | 8/15/2016 | 8/26/2016 | Various | N | ||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | 8/15/2016 | 8/15/2016 | 8/26/2016 | 11.0% | N | ||||||||||||||||
15.02 | Instituto de Banca y Comercio | 8/15/2016 | 8/15/2016 | 8/26/2016 | 14.0% | N | ||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | Humberto Vidal | 2,640 | 3.0% | 1/31/2018 | 8/15/2016 | 8/15/2016 | 8/26/2016 | 11.0% | N | ||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | Vitalidad Wellness | 2,065 | 2.8% | 6/30/2018 | 8/15/2016 | 8/15/2016 | 8/26/2016 | 16.0% | N | ||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | 8/15/2016 | 8/15/2016 | 8/26/2016 | 12.0% | N | ||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | Ilka Rodriguez (Optometry World) | 1,596 | 3.1% | 3/21/2023 | 8/15/2016 | 8/15/2016 | 8/26/2016 | 11.0% | N | ||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | 8/15/2016 | 8/15/2016 | 8/26/2016 | 12.0% | N | ||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | 8/15/2016 | 8/15/2016 | 8/26/2016 | 12.0% | N | ||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | 1/24/2017 | 8/15/2016 | 8/26/2016 | 18.0% | N | ||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | 1/24/2017 | 8/15/2016 | 8/26/2016 | 18.0% | N | ||||||||||||||||
15.11 | Supermercado del Este | 8/15/2016 | 8/15/2016 | 8/26/2016 | 11.0% | N | ||||||||||||||||
16 | Preferred Freezer Philadelphia | 12/19/2016 | 12/19/2016 | N | ||||||||||||||||||
17 | Empire Tower I | City National Bank | 8,030 | 4.5% | 6/30/2025 | 1/23/2017 | 4/1/2016 | 4/1/2016 | 13.0% | N | ||||||||||||
18 | 2200 Renaissance Boulevard | CMI Media, LLC | 13,292 | 7.2% | 12/31/2021 | 12/27/2016 | 12/20/2016 | N | ||||||||||||||
19 | B.F. Saul Hotel Portfolio | 1/26/2017 | 1/26/2017 | N | ||||||||||||||||||
19.01 | SpringHill Suites Boca Raton | 1/26/2017 | 1/26/2017 | N | ||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | 1/26/2017 | 1/26/2017 | N | ||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | 1/26/2017 | 1/26/2017 | N | ||||||||||||||||||
20 | Walgreens Alaska | 12/7/2016 | 12/7/2016 | 12/7/2016 | 10.0% | N | ||||||||||||||||
21 | Walgreens New York | 12/7/2016 | 12/7/2016 | N | ||||||||||||||||||
22 | Walgreens Alabama | 12/7/2016 | 12/7/2016 | N | ||||||||||||||||||
23 | San Mateo Self Storage | 12/22/2016 | 1/9/2017 | 12/21/2016 | Building A&D- 9.0%, Building B&C - 17.0% | N | ||||||||||||||||
24 | King Plaza Center | Jessica Fong & Robert Fong dba Mr. Fong’s BBQ & Noodles | 1,536 | 2.6% | 7/31/2018 | 12/2/2016 | 12/1/2016 | 12/1/2016 | 16.0% | N | ||||||||||||
25 | Plaza at Milltown Commercial Center | Pearl’s Chinese Restaurant | 1,370 | 3.8% | 10/31/2018 | 11/28/2016 | 11/28/2016 | N | ||||||||||||||
26 | Hilton – Mystic, CT | 12/20/2016 | 12/20/2016 | N | ||||||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 2/6/2017 | 2/14/2017 | N | ||||||||||||||||||
28 | Mercury Tech Center | Avad LLC | 7,407 | 9.2% | 2/28/2022 | 2/8/2017 | 1/16/2017 | 1/16/2017 | 11.0% | N | ||||||||||||
29 | Crossroads Shopping Center-Bakersfield | Prince Cigarettes | 2,455 | 2.5% | 12/31/2020 | 12/16/2016 | 12/16/2016 | 12/15/2016 | 7.0% | N | ||||||||||||
30 | Bay Area Apartment Portfolio | 12/23/2016 | 12/27/2016 | 12/23/2016 | Various | N | ||||||||||||||||
30.01 | Athol Apartments | 12/23/2016 | 12/27/2016 | 12/23/2016 | 18.0% | N | ||||||||||||||||
30.02 | Lester Apartments | 12/23/2016 | 12/27/2016 | 12/23/2016 | 16.0% | N | ||||||||||||||||
31 | Fashion Place Shopping Center | Its Fashion Metro | 12,453 | 8.4% | 1/31/2022 | 10/18/2016 | 10/26/2016 | N | ||||||||||||||
32 | Alameda Apartments | 10/3/2016 | 10/3/2016 | 10/3/2016 | 24.0% | Y | ||||||||||||||||
33 | North Main Self Storage | 12/29/2016 | 12/29/2016 | 12/29/2016 | 5.0% | N | ||||||||||||||||
34 | 24-HR Fitness - Pearland | 10/14/2016 | 10/14/2016 | N | ||||||||||||||||||
35 | Medford Retail Shops | Nature’s Pet | 3,150 | 8.4% | 6/30/2019 | 9/16/2016 | 9/16/2016 | 9/16/2016 | 5.0% | N | ||||||||||||
36 | Magnolia Tech Park Portfolio | Various | Various | Various | Various | 10/20/2016 | 10/20/2016 | N | ||||||||||||||
36.01 | Magnolia Tech Park | Chaulk Bucket | 3,750 | 5.5% | 2/28/2020 | 10/20/2016 | 10/20/2016 | N | ||||||||||||||
36.02 | Tamina Office Park | EVI Management, Inc. | 1,350 | 7.2% | 12/31/2017 | 10/20/2016 | 10/20/2016 | N | ||||||||||||||
37 | Best Western – Hannaford, OH | 1/23/2017 | 1/23/2017 | N | ||||||||||||||||||
38 | Huntsville Commons | Marty’s LLC | 4,000 | 6.3% | 11/30/2020 | 2/13/2017 | 2/13/2017 | N | ||||||||||||||
39 | Red Roof Inn BWI Airport | 12/1/2016 | 11/28/2016 | N | ||||||||||||||||||
40 | Kingwood Forest Apartments | 10/28/2016 | 10/27/2016 | N | ||||||||||||||||||
41 | Lawndale Plaza | Oportun | 1,574 | 3.0% | 8/31/2020 | 11/30/2016 | 11/30/2016 | N | ||||||||||||||
42 | Barry Plaza | NWW, LLC, dba Wingstop | 2,800 | 7.9% | 9/30/2019 | 8/17/2016 | 8/17/2016 | N | ||||||||||||||
43 | 301-333 S Abbot Avenue | 1/9/2017 | 1/9/2017 | 1/9/2017 | 13.0% | N | ||||||||||||||||
44 | Amcor Industrial | 12/19/2016 | 12/16/2016 | N | ||||||||||||||||||
45 | Walgreens Bluffton | 12/7/2016 | 12/7/2016 | N | ||||||||||||||||||
46 | Walgreens – Holyoke, MA | 12/5/2016 | 12/5/2016 | N | ||||||||||||||||||
47 | Phenix Square | Cellular Outlet LLC | 1,500 | 2.8% | 7/31/2019 | 2/1/2017 | 2/14/2017 | N | ||||||||||||||
48 | Dickinson Fiesta MHC | 9/30/2016 | 10/3/2016 | N |
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Terrorism Insurance (Y/N) | Loan Purpose | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Tax Escrow - Cash or LoC | Tax Escrow - LoC Counterparty | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Insurance Escrow - Cash or LoC | Insurance Escrow - LoC Counterparty | Upfront Replacement Reserve ($) (7) | |||||||||||||
1 | D.C. Office Portfolio | Y | Refinance | 0 | 1,614,433 | 230,633 | Cash | 0 | Springing | 0 | ||||||||||||||||
1.01 | 1020 19th Street | Y | ||||||||||||||||||||||||
1.02 | 1900 L Street | Y | ||||||||||||||||||||||||
1.03 | 1920 L Street | Y | ||||||||||||||||||||||||
2 | The Summit Birmingham | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
3 | One West 34th Street | Y | Refinance | 366,740 | 315,500 | 315,500 | Cash | 0 | Springing | 0 | ||||||||||||||||
4 | Pentagon Center | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
5 | JW Marriott Desert Springs | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
6 | The Davenport | Y | Acquisition | 5,225 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
7 | Plaza 500 | Y | Acquisition | 24,688 | 195,000 | 65,000 | Cash | 1,250 | 625 | Cash | 250,000 | |||||||||||||||
8 | U.S. Grant Hotel | Y | Recapitilization | 0 | 0 | 80,260 | Cash | 244,118 | 30,515 | Cash | 0 | |||||||||||||||
9 | Merrill Lynch Drive | Y | Acquisition | 18,113 | 737,682 | 122,947 | Cash | 124,482 | 10,374 | Cash | 0 | |||||||||||||||
10 | Key Center Cleveland | Y | Acquisition | 64,625 | 1,540,363 | 770,181 | Cash | 55,406 | 27,703 | Cash | 18,271,556 | |||||||||||||||
11 | DoubleTree Greenway Houston | Y | Acquisition | 0 | 81,868 | 81,868 | Cash | 10,771 | 10,771 | Cash | 0 | |||||||||||||||
12 | American Greetings HQ | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
13 | The Shoppes at South Bay | Y | Refinance | 2,500 | 21,730 | 21,730; Springing | Cash | 20,810 | 4,162 | Cash | 0 | |||||||||||||||
14 | GM Renaissance Center Parking Garage | Y | Acquisition | 596,250 | 101,502 | 50,751 | Cash | 9,061 | 3,020 | Cash | 200,000 | |||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Y | Refinance | 101,494 | 69,001 | 69,001 | Cash | 0 | Springing | 0 | ||||||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | Y | ||||||||||||||||||||||||
15.02 | Instituto de Banca y Comercio | Y | ||||||||||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | Y | ||||||||||||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | Y | ||||||||||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | Y | ||||||||||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | Y | ||||||||||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | Y | ||||||||||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | Y | ||||||||||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | Y | ||||||||||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | Y | ||||||||||||||||||||||||
15.11 | Supermercado del Este | Y | ||||||||||||||||||||||||
16 | Preferred Freezer Philadelphia | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
17 | Empire Tower I | Y | Acquisition | 0 | 0 | 31,153 | Cash | 6,408 | 3,204 | Cash | 0 | |||||||||||||||
18 | 2200 Renaissance Boulevard | Y | Acquisition | 19,500 | 90,308 | 21,959 | Cash | 0 | Springing | 0 | ||||||||||||||||
19 | B.F. Saul Hotel Portfolio | Y | Refinance | 0 | 202,435 | 40,488 | Cash | 0 | Springing | 0 | ||||||||||||||||
19.01 | SpringHill Suites Boca Raton | Y | ||||||||||||||||||||||||
19.02 | TownePlace Suites Boca Raton | Y | ||||||||||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | Y | ||||||||||||||||||||||||
20 | Walgreens Alaska | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
21 | Walgreens New York | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
22 | Walgreens Alabama | Y | Acquisition | 3,400 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
23 | San Mateo Self Storage | Y | Refinance | 0 | 0 | 21,980 | Cash | 3,424 | 1,712 | Cash | 0 | |||||||||||||||
24 | King Plaza Center | Y | Refinance | 40,625 | 142,831 | 28,566 | Cash | 32,242 | 2,931 | Cash | 0 | |||||||||||||||
25 | Plaza at Milltown Commercial Center | Y | Refinance | 500 | 5,701 | 5,701 | Cash | 10,583 | 1,764 | Cash | 0 | |||||||||||||||
26 | Hilton – Mystic, CT | Y | Refinance | 10,933 | 41,167 | 20,583 | Cash | 0 | Springing | 0 | ||||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | Y | Refinance | 0 | 28,549 | 14,276 | Cash | 0 | Springing | 0 | ||||||||||||||||
28 | Mercury Tech Center | Y | Acquisition | 0 | 7,393 | 7,393 | Cash | 0 | Springing | 0 | ||||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | Y | Acquisition | 102,875 | 0 | 15,358 | Cash | 3,522 | 1,761 | Cash | 0 | |||||||||||||||
30 | Bay Area Apartment Portfolio | Y | Refinance | 4,812 | 12,345 | 6,172 | Cash | 6,027 | 2,009 | Cash | 92,000 | |||||||||||||||
30.01 | Athol Apartments | Y | ||||||||||||||||||||||||
30.02 | Lester Apartments | Y | ||||||||||||||||||||||||
31 | Fashion Place Shopping Center | Y | Refinance | 4,813 | 0 | 10,297 | Cash | 0 | Springing | 0 | ||||||||||||||||
32 | Alameda Apartments | Y | Refinance | 178,413 | 15,801 | 3,950 | Cash | 19,082 | 9,541 | Cash | 150,000 | |||||||||||||||
33 | North Main Self Storage | Y | Refinance | 0 | 5,149 | 5,149 | Cash | 0 | Springing | 0 | ||||||||||||||||
34 | 24-HR Fitness - Pearland | Y | Refinance | 0 | 14,994 | 14,994 | Cash | 33,523 | 2,579 | Cash | 0 | |||||||||||||||
35 | Medford Retail Shops | Y | Refinance | 16,500 | 13,373 | 3,343 | Cash | 0 | Springing | 0 | ||||||||||||||||
36 | Magnolia Tech Park Portfolio | Y | Refinance | 0 | 10,098 | 10,098 | Cash | 17,442 | 1,938 | Cash | 0 | |||||||||||||||
36.01 | Magnolia Tech Park | Y | ||||||||||||||||||||||||
36.02 | Tamina Office Park | Y | ||||||||||||||||||||||||
37 | Best Western – Hannaford, OH | Y | Refinance | 28,188 | 26,397 | 6,599 | Cash | 20,976 | 1,748 | Cash | 0 | |||||||||||||||
38 | Huntsville Commons | Y | Acquisition | 0 | 27,795 | 5,559 | Cash | 0 | Springing | 0 | ||||||||||||||||
39 | Red Roof Inn BWI Airport | Y | Refinance | 0 | 10,478 | 5,239 | Cash | 0 | Springing | 0 | ||||||||||||||||
40 | Kingwood Forest Apartments | Y | Refinance | 205,188 | 7,726 | 7,726 | Cash | 27,546 | 4,591 | Cash | 0 | |||||||||||||||
41 | Lawndale Plaza | Y | Acquisition | 0 | 9,502 | 9,502 | Cash | 0 | Springing | 0 | ||||||||||||||||
42 | Barry Plaza | Y | Acquisition | 143,750 | 0 | 12,036 | Cash | 0 | Springing | 100,000 | ||||||||||||||||
43 | 301-333 S Abbot Avenue | Y | Refinance | 0 | 4,128 | 4,128 | Cash | 0 | Springing | 0 | ||||||||||||||||
44 | Amcor Industrial | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
45 | Walgreens Bluffton | N | Refinance | 31,228 | 0 | Springing | 1,035 | 94 | Cash | 0 | ||||||||||||||||
46 | Walgreens – Holyoke, MA | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||||||||||||||||
47 | Phenix Square | Y | Refinance | 33,688 | 7,244 | 1,811 | Cash | 8,888 | 1,111 | Cash | 0 | |||||||||||||||
48 | Dickinson Fiesta MHC | Y | Refinance | 0 | 2,064 | 1,032 | Cash | 0 | Springing | 0 |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Monthly Replacement Reserve ($) (14) | Replacement Reserve Cap ($) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Reserve Cap ($) | ||||||||
1 | D.C. Office Portfolio | 4,925 | 237,000 | Cash | 0 | 41,040 | 1,970,000 | |||||||||
1.01 | 1020 19th Street | |||||||||||||||
1.02 | 1900 L Street | |||||||||||||||
1.03 | 1920 L Street | |||||||||||||||
2 | The Summit Birmingham | Springing | 0 | 1,989,285 | Springing | 0 | ||||||||||
3 | One West 34th Street | 7,390 | 266,036 | Cash | 0 | 52,785 | 1,900,260 | |||||||||
4 | Pentagon Center | Springing | 0 | Cash | 0 | Springing | 0 | |||||||||
5 | JW Marriott Desert Springs | Springing | 0 | 0 | 0 | 0 | ||||||||||
6 | The Davenport | Springing | 0 | 0 | Springing | 0 | ||||||||||
7 | Plaza 500 | 6,285 | 0 | Cash | 250,000 | 8,380; Springing | 0 | |||||||||
8 | U.S. Grant Hotel | Springing | 0 | 0 | 0 | 0 | ||||||||||
9 | Merrill Lynch Drive | 6,923 | 0 | Cash | 0 | 0 | 0 | |||||||||
10 | Key Center Cleveland | 29,284 | 1,757,065 | Cash | 24,069,759 | 110,513 | 0 | |||||||||
11 | DoubleTree Greenway Houston | 34,875 | 0 | Cash | 0 | 0 | 0 | |||||||||
12 | American Greetings HQ | 0 | 0 | 0 | 54,664 | 0 | ||||||||||
13 | The Shoppes at South Bay | 3,352; Springing | 120,659 | Cash | 360,000 | 8,379 | 360,000 | |||||||||
14 | GM Renaissance Center Parking Garage | 5,304 | 0 | Cash | 0 | 0 | 0 | |||||||||
15 | Ralph’s Food Warehouse Portfolio | 12,237 | 734,203 | Cash | 0 | 55,621 | 0 | |||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||||
15.11 | Supermercado del Este | |||||||||||||||
16 | Preferred Freezer Philadelphia | Springing | 0 | 0 | 0 | 0 | ||||||||||
17 | Empire Tower I | 3,742 | 0 | Cash | 150,000 | 18,709 | 675,000 | |||||||||
18 | 2200 Renaissance Boulevard | 3,069 | 0 | Cash | 1,250,000 | $48,331; Springing | 3,000,000 | |||||||||
19 | B.F. Saul Hotel Portfolio | 37,666 | 0 | Cash | 0 | 0 | 0 | |||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||||
20 | Walgreens Alaska | Springing | 0 | 0 | Springing | 0 | ||||||||||
21 | Walgreens New York | Springing | 0 | 0 | Springing | 0 | ||||||||||
22 | Walgreens Alabama | Springing | 0 | 0 | Springing | 0 | ||||||||||
23 | San Mateo Self Storage | 1,371 | 0 | Cash | 0 | 0 | 0 | |||||||||
24 | King Plaza Center | 0 | 0 | 100,000 | 5,000 | 100,000 | ||||||||||
25 | Plaza at Milltown Commercial Center | 455 | 0 | Cash | 0 | 14,213 | 0 | |||||||||
26 | Hilton – Mystic, CT | 28,527 | 0 | Cash | 0 | 0 | 0 | |||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 14,892 | 0 | Cash | 0 | 0 | 0 | |||||||||
28 | Mercury Tech Center | 4,750; reduces to 1,075 monthly commencing on April 2021 Payment Date | 0 | Cash | 0 | 5,000 | 250,000 | |||||||||
29 | Crossroads Shopping Center-Bakersfield | Springing | 0 | 0 | Springing | 0 | ||||||||||
30 | Bay Area Apartment Portfolio | 1,400 | 0 | Cash | 0 | 0 | 0 | |||||||||
30.01 | Athol Apartments | |||||||||||||||
30.02 | Lester Apartments | |||||||||||||||
31 | Fashion Place Shopping Center | 2,702 | 0 | Cash | 0 | 12,284 | 442,218 | |||||||||
32 | Alameda Apartments | 4,000 | 150,000 | Cash | 0 | 0 | 0 | |||||||||
33 | North Main Self Storage | 1,363; Springing | 32,717 | Cash | 0 | 0 | 0 | |||||||||
34 | 24-HR Fitness - Pearland | 662 | 0 | Cash | 0 | 0 | 0 | |||||||||
35 | Medford Retail Shops | 796 | 0 | Cash | 0 | 3,000 | 108,000 | |||||||||
36 | Magnolia Tech Park Portfolio | 1,456 | 0 | Cash | 250,000 | Springing | 250,000 | |||||||||
36.01 | Magnolia Tech Park | |||||||||||||||
36.02 | Tamina Office Park | |||||||||||||||
37 | Best Western – Hannaford, OH | 7,369 | 0 | Cash | 0 | 0 | 0 | |||||||||
38 | Huntsville Commons | 798; Springing | 19,143 | Cash | 75,000 | 4,041 | 200,000 | |||||||||
39 | Red Roof Inn BWI Airport | FF&E Monthly Deposit (currently $8,824.50) is based on 1/12 of 4% of Gross Revenue, adjusted annually. | 0 | Cash | 0 | 0 | 0 | |||||||||
40 | Kingwood Forest Apartments | 4,767 | 286,000 | Cash | 0 | 0 | 0 | |||||||||
41 | Lawndale Plaza | 869 | 0 | Cash | 52,127 | 4,344 | 208,508 | |||||||||
42 | Barry Plaza | 0 | 100,000 | Cash | 100,000 | Springing | 100,000 | |||||||||
43 | 301-333 S Abbot Avenue | 577; Springing | 13,848 | Cash | 0 | 2,834 | 68,016 | |||||||||
44 | Amcor Industrial | 0 | 0 | 0 | 0 | 0 | ||||||||||
45 | Walgreens Bluffton | Springing | 0 | 0 | Springing | 0 | ||||||||||
46 | Walgreens – Holyoke, MA | 219 | 0 | Cash | 0 | 0 | 0 | |||||||||
47 | Phenix Square | 892 | 0 | Cash | 0 | 2,338 | 0 | |||||||||
48 | Dickinson Fiesta MHC | 317 | 11,400 | Cash | 0 | 0 | 0 |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | TI/LC Escrow - Cash or LoC | TI/LC Escrow - LoC Counterparty | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Debt Service Escrow - Cash or LoC | Debt Service Escrow - LoC Counterparty | Other Escrow I Reserve Description | ||||||||
1 | D.C. Office Portfolio | Cash | 0 | 0 | Existing TI/LC Reserve Fund ($816,325); Free Rent Reserve ($806,797) | |||||||||||
1.01 | 1020 19th Street | |||||||||||||||
1.02 | 1900 L Street | |||||||||||||||
1.03 | 1920 L Street | |||||||||||||||
2 | The Summit Birmingham | Cash | 0 | 0 | Overage Rent Reserve | |||||||||||
3 | One West 34th Street | Cash | 0 | 0 | ||||||||||||
4 | Pentagon Center | Cash | 0 | 0 | Unfunded Obligations Account | |||||||||||
5 | JW Marriott Desert Springs | 0 | 0 | PIP Funds | ||||||||||||
6 | The Davenport | 0 | 0 | Rent Abatement Reserve | ||||||||||||
7 | Plaza 500 | Cash | 0 | 0 | Landlord Obligation Reserve | |||||||||||
8 | U.S. Grant Hotel | 0 | 0 | PIP Reserve Funds | ||||||||||||
9 | Merrill Lynch Drive | 0 | 0 | |||||||||||||
10 | Key Center Cleveland | Cash | 0 | 0 | Marriott PIP Reserve; Marriott FF&E Reserve; Ground Rent Reserve | |||||||||||
11 | DoubleTree Greenway Houston | 0 | 0 | PIP Funds | ||||||||||||
12 | American Greetings HQ | Cash | 0 | 0 | Remaining Liabilities Funds Account ($13,041,716); Remaining Liabilities Letter of Credit ($2,612,000); Ground Rent Reserve Account ($50,675.25) | |||||||||||
13 | The Shoppes at South Bay | Cash | 0 | 0 | Rent Concession Reserve | |||||||||||
14 | GM Renaissance Center Parking Garage | 0 | 0 | |||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Cash | 0 | 0 | Ground Rent Funds | |||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||||
15.11 | Supermercado del Este | |||||||||||||||
16 | Preferred Freezer Philadelphia | 0 | 0 | |||||||||||||
17 | Empire Tower I | Cash | 0 | 0 | Tenant Specific TILC Reserve | |||||||||||
18 | 2200 Renaissance Boulevard | Cash | 0 | 0 | Rent Concession Reserve | |||||||||||
19 | B.F. Saul Hotel Portfolio | 591,603 | Springing | Cash | ||||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||||
20 | Walgreens Alaska | 0 | 0 | |||||||||||||
21 | Walgreens New York | 0 | 0 | |||||||||||||
22 | Walgreens Alabama | 0 | 0 | |||||||||||||
23 | San Mateo Self Storage | 0 | 0 | |||||||||||||
24 | King Plaza Center | Cash | 0 | 0 | ||||||||||||
25 | Plaza at Milltown Commercial Center | Cash | 0 | 0 | ||||||||||||
26 | Hilton – Mystic, CT | 250,518 | 0 | Cash | Seasonality Reserve | |||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 0 | 0 | Springing PIP Reserve | ||||||||||||
28 | Mercury Tech Center | Cash | 0 | 0 | Rent Concession Reseve | |||||||||||
29 | Crossroads Shopping Center-Bakersfield | 0 | 0 | |||||||||||||
30 | Bay Area Apartment Portfolio | 0 | 0 | |||||||||||||
30.01 | Athol Apartments | |||||||||||||||
30.02 | Lester Apartments | |||||||||||||||
31 | Fashion Place Shopping Center | Cash | 0 | 0 | CATO Reserve Funds | |||||||||||
32 | Alameda Apartments | 0 | 0 | |||||||||||||
33 | North Main Self Storage | 0 | 0 | |||||||||||||
34 | 24-HR Fitness - Pearland | 0 | 0 | |||||||||||||
35 | Medford Retail Shops | Cash | 0 | 0 | ||||||||||||
36 | Magnolia Tech Park Portfolio | Cash | 0 | 0 | ||||||||||||
36.01 | Magnolia Tech Park | |||||||||||||||
36.02 | Tamina Office Park | |||||||||||||||
37 | Best Western – Hannaford, OH | 0 | 0 | PIP Reserve | ||||||||||||
38 | Huntsville Commons | Cash | 0 | 0 | ||||||||||||
39 | Red Roof Inn BWI Airport | 0 | 0 | New PIP | ||||||||||||
40 | Kingwood Forest Apartments | 0 | 0 | |||||||||||||
41 | Lawndale Plaza | Cash | 0 | 0 | Crown Dental TI/LC Reserve | |||||||||||
42 | Barry Plaza | Cash | 0 | 0 | ||||||||||||
43 | 301-333 S Abbot Avenue | Cash | 0 | 0 | Ground Lease Reserve | |||||||||||
44 | Amcor Industrial | 0 | 0 | |||||||||||||
45 | Walgreens Bluffton | 0 | 0 | |||||||||||||
46 | Walgreens – Holyoke, MA | 0 | 0 | |||||||||||||
47 | Phenix Square | Cash | 0 | 0 | Springing Big Lots Reserve | |||||||||||
48 | Dickinson Fiesta MHC | 0 | 0 |
A-1-14
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow I (Initial) ($) (7) (9) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty | Other Escrow II Reserve Description | |||||||
1 | D.C. Office Portfolio | 1,623,122 | 0 | 0 | Cash | Rent Reserve | ||||||||
1.01 | 1020 19th Street | |||||||||||||
1.02 | 1900 L Street | |||||||||||||
1.03 | 1920 L Street | |||||||||||||
2 | The Summit Birmingham | 506,123 | 0 | 0 | Cash | Gap Rent Reserves | ||||||||
3 | One West 34th Street | 0 | 0 | 0 | ||||||||||
4 | Pentagon Center | 16,959,724 | Springing | 0 | Cash | Government Tenant 2023 Leasing Reserve & Government Tenant 2025 Leasing Reserve | ||||||||
5 | JW Marriott Desert Springs | 12,000,000 | Springing | 0 | Cash | Seasonality Reserve Funds | ||||||||
6 | The Davenport | 2,030,190 | 78,177 | 938,123 | Cash | Tenant Specific TILC / Basement Reserve | ||||||||
7 | Plaza 500 | 728,579 | 0 | 0 | Cash | Free Rent Reserve | ||||||||
8 | U.S. Grant Hotel | 0 | Springing | 0 | ||||||||||
9 | Merrill Lynch Drive | 0 | 0 | 0 | ||||||||||
10 | Key Center Cleveland | Marriott PIP Reserve ($4,652,415); Marriott FF&E Reserve ($1,991,429) | 5,000; Springing | 0 | Cash | New Lease Reserve | ||||||||
11 | DoubleTree Greenway Houston | 2,000,000 | 0 | 0 | Cash | |||||||||
12 | American Greetings HQ | $15,704,391.25 ($2,612,000 LOC) | Springing | 0 | Cash/LOC | KeyBank National Association | ||||||||
13 | The Shoppes at South Bay | 5,250 | 0 | 0 | Cash | |||||||||
14 | GM Renaissance Center Parking Garage | 0 | 0 | 0 | ||||||||||
15 | Ralph’s Food Warehouse Portfolio | 30,000 | Springing | 30,000 | Cash | Condominium Common Charge Reserve - $8,988; Use Agreement Reserve - $4,800 | ||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||
15.11 | Supermercado del Este | |||||||||||||
16 | Preferred Freezer Philadelphia | 0 | 0 | 0 | ||||||||||
17 | Empire Tower I | 94,750 | 0 | 0 | Cash | Rent Concession Reserve | ||||||||
18 | 2200 Renaissance Boulevard | 935,617 | 0 | 0 | Cash | |||||||||
19 | B.F. Saul Hotel Portfolio | 0 | 0 | 0 | ||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||
20 | Walgreens Alaska | 0 | 0 | 0 | ||||||||||
21 | �� | Walgreens New York | 0 | 0 | 0 | |||||||||
22 | Walgreens Alabama | 0 | 0 | 0 | ||||||||||
23 | San Mateo Self Storage | 0 | 0 | 0 | ||||||||||
24 | King Plaza Center | 0 | 0 | 0 | ||||||||||
25 | Plaza at Milltown Commercial Center | 0 | 0 | 0 | ||||||||||
26 | Hilton – Mystic, CT | 675,000 | 0 | 0 | LoC | Bank of America, N.A. | ||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 0 | Springing | 0 | ||||||||||
28 | Mercury Tech Center | 46,061 | 0 | 0 | Cash | Existing TI Obligations Reserve | ||||||||
29 | Crossroads Shopping Center-Bakersfield | 0 | 0 | 0 | ||||||||||
30 | Bay Area Apartment Portfolio | 0 | 0 | 0 | ||||||||||
30.01 | Athol Apartments | |||||||||||||
30.02 | Lester Apartments | |||||||||||||
31 | Fashion Place Shopping Center | 25,000 | 0 | 0 | Cash | |||||||||
32 | Alameda Apartments | 0 | 0 | 0 | ||||||||||
33 | North Main Self Storage | 0 | 0 | 0 | ||||||||||
34 | 24-HR Fitness - Pearland | 0 | 0 | 0 | ||||||||||
35 | Medford Retail Shops | 0 | 0 | 0 | ||||||||||
36 | Magnolia Tech Park Portfolio | 0 | 0 | 0 | ||||||||||
36.01 | Magnolia Tech Park | |||||||||||||
36.02 | Tamina Office Park | |||||||||||||
37 | Best Western – Hannaford, OH | 53,384 | 0 | 0 | Cash | |||||||||
38 | Huntsville Commons | 0 | 0 | 0 | ||||||||||
39 | Red Roof Inn BWI Airport | 0 | Springing | 0 | ||||||||||
40 | Kingwood Forest Apartments | 0 | 0 | 0 | ||||||||||
41 | Lawndale Plaza | 81,783 | 0 | 0 | Cash | |||||||||
42 | Barry Plaza | 0 | 0 | 0 | ||||||||||
43 | 301-333 S Abbot Avenue | 0 | Springing | 0 | ||||||||||
44 | Amcor Industrial | 0 | 0 | 0 | ||||||||||
45 | Walgreens Bluffton | 0 | 0 | 0 | ||||||||||
46 | Walgreens – Holyoke, MA | 0 | 0 | 0 | ||||||||||
47 | Phenix Square | 0 | Springing | 0 | ||||||||||
48 | Dickinson Fiesta MHC | 0 | 0 | 0 |
A-1-15
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II (Initial) ($) (7) (9) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) (14) | Other Escrow II Escrow - Cash or LoC | Other Escrow II - LoC Counterparty | Holdback (5) | |||||||
1 | D.C. Office Portfolio | 310,546 | 0 | 0 | Cash | 5,000,000 | ||||||||
1.01 | 1020 19th Street | |||||||||||||
1.02 | 1900 L Street | |||||||||||||
1.03 | 1920 L Street | |||||||||||||
2 | The Summit Birmingham | 346,727 | 0 | 0 | Cash | |||||||||
3 | One West 34th Street | 0 | 0 | 0 | ||||||||||
4 | Pentagon Center | 0 | Springing | 0 | Cash | |||||||||
5 | JW Marriott Desert Springs | 0 | Springing | 0 | ||||||||||
6 | The Davenport | Tenant Specific TILC - $7,938,810.09 / Basement -$94,633.33 | Tenant Specific TILC - $181,108.26 / Basement - $94,633.33 | Tenant Specific TILC - $2,173,299 / Basement - $1,135,600 | Cash | |||||||||
7 | Plaza 500 | 226,086 | 0 | 0 | Cash | |||||||||
8 | U.S. Grant Hotel | 0 | 0 | 0 | ||||||||||
9 | Merrill Lynch Drive | 0 | 0 | 0 | ||||||||||
10 | Key Center Cleveland | 5,175,296 | 0 | 0 | LOC | KeyBank National Association | ||||||||
11 | DoubleTree Greenway Houston | 0 | 0 | 0 | ||||||||||
12 | American Greetings HQ | 0 | 0 | 0 | ||||||||||
13 | The Shoppes at South Bay | 0 | 0 | 0 | 2,250,000 | |||||||||
14 | GM Renaissance Center Parking Garage | 0 | 0 | 0 | ||||||||||
15 | Ralph’s Food Warehouse Portfolio | 13,788 | Springing | Use Agreement Reserve - $4,800 | Cash | |||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||
15.11 | Supermercado del Este | |||||||||||||
16 | Preferred Freezer Philadelphia | 0 | 0 | 0 | ||||||||||
17 | Empire Tower I | 135,664 | 0 | 0 | Cash | |||||||||
18 | 2200 Renaissance Boulevard | 0 | 0 | 0 | ||||||||||
19 | B.F. Saul Hotel Portfolio | 0 | 0 | 0 | ||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||
20 | Walgreens Alaska | 0 | 0 | 0 | ||||||||||
21 | Walgreens New York | 0 | 0 | 0 | ||||||||||
22 | Walgreens Alabama | 0 | 0 | 0 | ||||||||||
23 | San Mateo Self Storage | 0 | 0 | 0 | ||||||||||
24 | King Plaza Center | 0 | 0 | 0 | ||||||||||
25 | Plaza at Milltown Commercial Center | 0 | 0 | 0 | ||||||||||
26 | Hilton – Mystic, CT | 0 | 0 | 0 | ||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | 0 | 0 | 0 | ||||||||||
28 | Mercury Tech Center | 55,000 | 0 | 0 | Cash | |||||||||
29 | Crossroads Shopping Center-Bakersfield | 0 | 0 | 0 | ||||||||||
30 | Bay Area Apartment Portfolio | 0 | 0 | 0 | ||||||||||
30.01 | Athol Apartments | |||||||||||||
30.02 | Lester Apartments | |||||||||||||
31 | Fashion Place Shopping Center | 0 | 0 | 0 | ||||||||||
32 | Alameda Apartments | 0 | 0 | 0 | ||||||||||
33 | North Main Self Storage | 0 | 0 | 0 | ||||||||||
34 | 24-HR Fitness - Pearland | 0 | 0 | 0 | ||||||||||
35 | Medford Retail Shops | 0 | 0 | 0 | ||||||||||
36 | Magnolia Tech Park Portfolio | 0 | 0 | 0 | ||||||||||
36.01 | Magnolia Tech Park | |||||||||||||
36.02 | Tamina Office Park | |||||||||||||
37 | Best Western – Hannaford, OH | 0 | 0 | 0 | ||||||||||
38 | Huntsville Commons | 0 | 0 | 0 | ||||||||||
39 | Red Roof Inn BWI Airport | 0 | 0 | 0 | ||||||||||
40 | Kingwood Forest Apartments | 0 | 0 | 0 | ||||||||||
41 | Lawndale Plaza | 0 | 0 | 0 | ||||||||||
42 | Barry Plaza | 0 | 0 | 0 | ||||||||||
43 | 301-333 S Abbot Avenue | 0 | 0 | 0 | ||||||||||
44 | Amcor Industrial | 0 | 0 | 0 | ||||||||||
45 | Walgreens Bluffton | 0 | 0 | 0 | ||||||||||
46 | Walgreens – Holyoke, MA | 0 | 0 | 0 | ||||||||||
47 | Phenix Square | 0 | 0 | 0 | ||||||||||
48 | Dickinson Fiesta MHC | 0 | 0 | 0 |
A-1-16
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Ownership Interest | Ground Lease Initial Expiration Date | Annual Ground Rent Payment | Annual Ground Rent Increases | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | |||||||||
1 | D.C. Office Portfolio | Fee | Hard/Springing Cash Management | |||||||||||||||
1.01 | 1020 19th Street | Fee | ||||||||||||||||
1.02 | 1900 L Street | Fee | ||||||||||||||||
1.03 | 1920 L Street | Fee | ||||||||||||||||
2 | The Summit Birmingham | Fee | Hard/Springing Cash Management | |||||||||||||||
3 | One West 34th Street | Fee | Hard/Springing Cash Management | |||||||||||||||
4 | Pentagon Center | Fee | Hard/Springing Cash Management | |||||||||||||||
5 | JW Marriott Desert Springs | Fee and Leasehold | 12/31/2021 | $100,000 | None | Hard/Upfront Cash Management | ||||||||||||
6 | The Davenport | Fee | Hard/Springing Cash Management | |||||||||||||||
7 | Plaza 500 | Fee | Hard/Springing Cash Management | |||||||||||||||
8 | U.S. Grant Hotel | Fee | Springing | |||||||||||||||
9 | Merrill Lynch Drive | Fee | Hard/Upfront Cash Management | |||||||||||||||
10 | Key Center Cleveland | Fee and Leasehold | 12/31/2059 | $60,000 | None | Hard/Upfront Cash Management | ||||||||||||
11 | DoubleTree Greenway Houston | Fee | Springing | |||||||||||||||
12 | American Greetings HQ | Leasehold | 6/27/2089 | $202,701 | None | Hard/Springing Cash Management | 15,000,000 | |||||||||||
13 | The Shoppes at South Bay | Fee | Hard/Upfront Cash Management | |||||||||||||||
14 | GM Renaissance Center Parking Garage | Fee | Hard/Springing Cash Management | |||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | Various | Various | Various | Various | Hard/Upfront Cash Management | ||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | Fee | ||||||||||||||||
15.02 | Instituto de Banca y Comercio | Fee | ||||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | Leasehold | 2/29/2020 | $32,052 | 3/1/20 - $50,400; 3/1/25 - $60,000; 3/1/30 - $69,600; 3/1/35 - $79,200; 3/1/40 - $99,000; 3/1/45 - $120,000 | |||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | Fee | ||||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | Fee | ||||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | Fee | ||||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | Fee | ||||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | Fee | ||||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | Fee | ||||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | Fee | ||||||||||||||||
15.11 | Supermercado del Este | Fee | ||||||||||||||||
16 | Preferred Freezer Philadelphia | Fee | Hard/Upfront Cash Management | |||||||||||||||
17 | Empire Tower I | Fee | Springing | |||||||||||||||
18 | 2200 Renaissance Boulevard | Fee | Soft/Springing Cash Management | |||||||||||||||
19 | B.F. Saul Hotel Portfolio | Fee | Hard/Springing Cash Management | |||||||||||||||
19.01 | SpringHill Suites Boca Raton | Fee | ||||||||||||||||
19.02 | TownePlace Suites Boca Raton | Fee | ||||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | Fee | ||||||||||||||||
20 | Walgreens Alaska | Fee | Hard/Springing Cash Management | |||||||||||||||
21 | Walgreens New York | Fee | Hard/Springing Cash Management | |||||||||||||||
22 | Walgreens Alabama | Fee | Hard/Springing Cash Management | |||||||||||||||
23 | San Mateo Self Storage | Fee | Springing | |||||||||||||||
24 | King Plaza Center | Fee | Springing | |||||||||||||||
25 | Plaza at Milltown Commercial Center | Fee | Hard/Springing Cash Management | |||||||||||||||
26 | Hilton – Mystic, CT | Fee | �� | Springing | ||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | Fee | Springing | |||||||||||||||
28 | Mercury Tech Center | Fee | Springing | |||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | Fee | Soft/Upfront Cash Management | |||||||||||||||
30 | Bay Area Apartment Portfolio | Fee | Springing | |||||||||||||||
30.01 | Athol Apartments | Fee | ||||||||||||||||
30.02 | Lester Apartments | Fee | ||||||||||||||||
31 | Fashion Place Shopping Center | Fee | Springing | |||||||||||||||
32 | Alameda Apartments | Fee | Springing | |||||||||||||||
33 | North Main Self Storage | Fee | Springing | |||||||||||||||
34 | 24-HR Fitness - Pearland | Fee | Springing | |||||||||||||||
35 | Medford Retail Shops | Fee | Springing | |||||||||||||||
36 | Magnolia Tech Park Portfolio | Fee | Springing | |||||||||||||||
36.01 | Magnolia Tech Park | Fee | ||||||||||||||||
36.02 | Tamina Office Park | Fee | ||||||||||||||||
37 | Best Western – Hannaford, OH | Fee | Hard/Springing Cash Management | |||||||||||||||
38 | Huntsville Commons | Fee | Springing | |||||||||||||||
39 | Red Roof Inn BWI Airport | Fee | Hard/Springing Cash Management | |||||||||||||||
40 | Kingwood Forest Apartments | Fee | Springing | |||||||||||||||
41 | Lawndale Plaza | Fee | Springing | |||||||||||||||
42 | Barry Plaza | Fee | Springing | |||||||||||||||
43 | 301-333 S Abbot Avenue | Fee and Leasehold | 11/3/2087 | $43,703 | Springing | |||||||||||||
44 | Amcor Industrial | Fee | Springing | |||||||||||||||
45 | Walgreens Bluffton | Fee | Springing | |||||||||||||||
46 | Walgreens – Holyoke, MA | Fee | Hard/Springing Cash Management | |||||||||||||||
47 | Phenix Square | Fee | None | |||||||||||||||
48 | Dickinson Fiesta MHC | Fee | Springing |
A-1-17
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Subordinate Secured Debt Cut-off Date Balance ($) | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut-off Date U/W NOI Debt Yield | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) | ||||||||
1 | D.C. Office Portfolio | 25,000,000 | ||||||||||||||
1.01 | 1020 19th Street | 8,445,000 | ||||||||||||||
1.02 | 1900 L Street | 8,298,000 | ||||||||||||||
1.03 | 1920 L Street | 8,257,000 | ||||||||||||||
2 | The Summit Birmingham | |||||||||||||||
3 | One West 34th Street | |||||||||||||||
4 | Pentagon Center | |||||||||||||||
5 | JW Marriott Desert Springs | 16,000,000 | ||||||||||||||
6 | The Davenport | |||||||||||||||
7 | Plaza 500 | |||||||||||||||
8 | U.S. Grant Hotel | |||||||||||||||
9 | Merrill Lynch Drive | |||||||||||||||
10 | Key Center Cleveland | 42,500,000 | ||||||||||||||
11 | DoubleTree Greenway Houston | |||||||||||||||
12 | American Greetings HQ | 14,708,996 | ||||||||||||||
13 | The Shoppes at South Bay | |||||||||||||||
14 | GM Renaissance Center Parking Garage | |||||||||||||||
15 | Ralph’s Food Warehouse Portfolio | |||||||||||||||
15.01 | Ralph’s Food Warehouse - Fajardo | |||||||||||||||
15.02 | Instituto de Banca y Comercio | |||||||||||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | |||||||||||||||
15.04 | Ralph’s Food Warehouse - Caguas | |||||||||||||||
15.05 | Ralph’s Food Warehouse - Humacao | |||||||||||||||
15.06 | Ralph’s Food Warehouse - Gurabo | |||||||||||||||
15.07 | Ralph’s Food Warehouse - Naguabo | |||||||||||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | |||||||||||||||
15.09 | Ralph’s Food Warehouse - Cayey | |||||||||||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | |||||||||||||||
15.11 | Supermercado del Este | |||||||||||||||
16 | Preferred Freezer Philadelphia | |||||||||||||||
17 | Empire Tower I | |||||||||||||||
18 | 2200 Renaissance Boulevard | |||||||||||||||
19 | B.F. Saul Hotel Portfolio | |||||||||||||||
19.01 | SpringHill Suites Boca Raton | |||||||||||||||
19.02 | TownePlace Suites Boca Raton | |||||||||||||||
19.03 | TownePlace Suites Ft Lauderdale West | |||||||||||||||
20 | Walgreens Alaska | |||||||||||||||
21 | Walgreens New York | |||||||||||||||
22 | Walgreens Alabama | |||||||||||||||
23 | San Mateo Self Storage | |||||||||||||||
24 | King Plaza Center | |||||||||||||||
25 | Plaza at Milltown Commercial Center | 1,200,000 | ||||||||||||||
26 | Hilton – Mystic, CT | |||||||||||||||
27 | Hilton Garden Inn Chattanooga Downtown | |||||||||||||||
28 | Mercury Tech Center | |||||||||||||||
29 | Crossroads Shopping Center-Bakersfield | |||||||||||||||
30 | Bay Area Apartment Portfolio | |||||||||||||||
30.01 | Athol Apartments | |||||||||||||||
30.02 | Lester Apartments | |||||||||||||||
31 | Fashion Place Shopping Center | |||||||||||||||
32 | Alameda Apartments | |||||||||||||||
33 | North Main Self Storage | |||||||||||||||
34 | 24-HR Fitness - Pearland | |||||||||||||||
35 | Medford Retail Shops | |||||||||||||||
36 | Magnolia Tech Park Portfolio | |||||||||||||||
36.01 | Magnolia Tech Park | |||||||||||||||
36.02 | Tamina Office Park | |||||||||||||||
37 | Best Western – Hannaford, OH | |||||||||||||||
38 | Huntsville Commons | |||||||||||||||
39 | Red Roof Inn BWI Airport | |||||||||||||||
40 | Kingwood Forest Apartments | |||||||||||||||
41 | Lawndale Plaza | |||||||||||||||
42 | Barry Plaza | |||||||||||||||
43 | 301-333 S Abbot Avenue | |||||||||||||||
44 | Amcor Industrial | |||||||||||||||
45 | Walgreens Bluffton | |||||||||||||||
46 | Walgreens – Holyoke, MA | |||||||||||||||
47 | Phenix Square | |||||||||||||||
48 | Dickinson Fiesta MHC |
A-1-18
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Sponsor (13) | Affiliated Sponsors | Mortgage Loan Number | ||||
1 | D.C. Office Portfolio | Charles Gravely; Shelton Zuckerman | 1 | |||||
1.01 | 1020 19th Street | 1.01 | ||||||
1.02 | 1900 L Street | 1.02 | ||||||
1.03 | 1920 L Street | 1.03 | ||||||
2 | The Summit Birmingham | JDJ Birmingham Company, L.L.C.; Institutional Mall Investors LLC | 2 | |||||
3 | One West 34th Street | Lloyd Goldman; Stanley Chera | 3 | |||||
4 | Pentagon Center | DC REIT Pentagon LLC | 4 | |||||
5 | JW Marriott Desert Springs | Kam Sang Company | 5 | |||||
6 | The Davenport | OPG Investment Holdings US Inc.; Alony-Hetz Properties & Investments Ltd. | 6 | |||||
7 | Plaza 500 | Mark Matan | 7 | |||||
8 | U.S. Grant Hotel | Sycuan Tribal Development Corporation | 8 | |||||
9 | Merrill Lynch Drive | Capital Commercial Investments, Inc.; Atalaya Capital Management LP | 9 | |||||
10 | Key Center Cleveland | Frank T. Sinito; Malisse J. Sinito | 10 | |||||
11 | DoubleTree Greenway Houston | Navika Capital Group LLC | 11 | |||||
12 | American Greetings HQ | H L & L Property Company | 12 | |||||
13 | The Shoppes at South Bay | Robert Ko; Nancy Ko | 13 | |||||
14 | GM Renaissance Center Parking Garage | MVP REIT, Inc; MVP REIT II, Inc; Michael V. Shustek | 14 | |||||
15 | Ralph’s Food Warehouse Portfolio | Rafael Soto | 15 | |||||
15.01 | Ralph’s Food Warehouse - Fajardo | 15.01 | ||||||
15.02 | Instituto de Banca y Comercio | 15.02 | ||||||
15.03 | Ralph’s Food Warehouse - Yabucoa | 15.03 | ||||||
15.04 | Ralph’s Food Warehouse - Caguas | 15.04 | ||||||
15.05 | Ralph’s Food Warehouse - Humacao | 15.05 | ||||||
15.06 | Ralph’s Food Warehouse - Gurabo | 15.06 | ||||||
15.07 | Ralph’s Food Warehouse - Naguabo | 15.07 | ||||||
15.08 | Ralph’s Food Warehouse - San Lorenzo | 15.08 | ||||||
15.09 | Ralph’s Food Warehouse - Cayey | 15.09 | ||||||
15.10 | Ralph’s Food Warehouse - Las Piedras | 15.10 | ||||||
15.11 | Supermercado del Este | 15.11 | ||||||
16 | Preferred Freezer Philadelphia | Sherwin Jarol | 16 | |||||
17 | Empire Tower I | Michael G. Rademaker | 17 | |||||
18 | 2200 Renaissance Boulevard | Asher Roshanzamir | 18 | |||||
19 | B.F. Saul Hotel Portfolio | B. F. Saul Real Estate Investment Trust | 19 | |||||
19.01 | SpringHill Suites Boca Raton | 19.01 | ||||||
19.02 | TownePlace Suites Boca Raton | 19.02 | ||||||
19.03 | TownePlace Suites Ft Lauderdale West | 19.03 | ||||||
20 | Walgreens Alaska | Joseph Granatelli | Y - Group 1 | 20 | ||||
21 | Walgreens New York | Joseph Granatelli | Y - Group 1 | 21 | ||||
22 | Walgreens Alabama | Joseph Granatelli | Y - Group 1 | 22 | ||||
23 | San Mateo Self Storage | Derek K. Hunter, Jr; Lori Rae Hunter | 23 | |||||
24 | King Plaza Center | Wai Man Ho; Tammy Ho | 24 | |||||
25 | Plaza at Milltown Commercial Center | Christine Camp | 25 | |||||
26 | Hilton – Mystic, CT | Henry Duques | 26 | |||||
27 | Hilton Garden Inn Chattanooga Downtown | Mitul I. Patel | 27 | |||||
28 | Mercury Tech Center | John Barry Porteous, Jr; Robert F. Porteous | 28 | |||||
29 | Crossroads Shopping Center-Bakersfield | Terrence Sau-Hong Yue; Dennis Look Boon Yue; Therese Yue | 29 | |||||
30 | Bay Area Apartment Portfolio | Jane H.J. Yoon | 30 | |||||
30.01 | Athol Apartments | 30.01 | ||||||
30.02 | Lester Apartments | 30.02 | ||||||
31 | Fashion Place Shopping Center | JBL Asset Management | 31 | |||||
32 | Alameda Apartments | George A. Gousios | 32 | |||||
33 | North Main Self Storage | Brian Lee; Janet Lee; Carol Lee Chung; Robert T. Lee | 33 | |||||
34 | 24-HR Fitness - Pearland | Jana Atkinson | 34 | |||||
35 | Medford Retail Shops | Leslie Lundin; David S. Goldman; Suzanne I. Goldman; Doug Beiswenger; Wendy Beiswenger | 35 | |||||
36 | Magnolia Tech Park Portfolio | Thomas A. Phillips; Ann Margaret Phillips | 36 | |||||
36.01 | Magnolia Tech Park | 36.01 | ||||||
36.02 | Tamina Office Park | 36.02 | ||||||
37 | Best Western – Hannaford, OH | Baljit Johl; Sarwan Johl | 37 | |||||
38 | Huntsville Commons | Donald S. Williams; Kathy Williams | 38 | |||||
39 | Red Roof Inn BWI Airport | Michael Klingher | 39 | |||||
40 | Kingwood Forest Apartments | Mitch Ongaro and Dean Ongaro | 40 | |||||
41 | Lawndale Plaza | Anthony Tarantino; Gary Maxwell | 41 | |||||
42 | Barry Plaza | B. Jeremy Kaufman | 42 | |||||
43 | 301-333 S Abbot Avenue | Ike Gulesserian; Michael Messinger; Gulesserian 1998 Living Trust; Messinger 1996 Revocable Trust | 43 | |||||
44 | Amcor Industrial | Broadway Equities LLC | 44 | |||||
45 | Walgreens Bluffton | William R. Beck | 45 | |||||
46 | Walgreens – Holyoke, MA | Antonio Lopes | 46 | |||||
47 | Phenix Square | Gene O. Lee; Rex Baker | 47 | |||||
48 | Dickinson Fiesta MHC | Ronald K. Weiss | 48 |
A-1-19
FOOTNOTES TO ANNEX A-1 |
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans. | |||||||||||||
(1) | “WFB” denotes Wells Fargo Bank, National Association, “BANA” denotes Bank of America, National Association and “MSMCH” denotes Morgan Stanley Mortgage Capital Holdings LLC. | ||||||||||||
(2) | For the cross-collateralized group of mortgage loans #20, #21 and #22 (Walgreens Alaska, Walgreens New York and Walgreens Alabama, respectively), after the lockout period expiration date, if there is no event of default, the mortgage loan documents permit the mortgaged properties to be individually released, or the mortgage loans to be individually assumed, subject to the conditions and partial defeasance of the remaining mortgage loans as described in the mortgage loan documents. | ||||||||||||
(3) | For mortgage loan #10 (Key Center Cleveland), Number of Units represents only the office portion of the mortgaged property. Collateral for the mortgage loan also includes a 400-room hotel and 985 space parking garage. | ||||||||||||
For mortgage loan #25 (Plaza at Milltown Commercial Center), Number of Units includes 19,603 square feet of retail space and 16,775 square feet of office space. The second largest tenant (12,704 square feet), representing 34.9% of net rentable square feet, is a medical office. | |||||||||||||
For mortgage loan #32 (Alameda Apartments), Number of Units represents only the multifamily portion of the mortgaged property. Collateral for the mortgage loan also includes 17,449 square feet of ground floor retail. | |||||||||||||
(4) | For mortgage loan #1 (D.C. Office Portfolio), the mortgage loan represents Note A-1 of two pari passu notes which have a combined Cut-off Date Balance of $105,000,000. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “D.C. Office Portfolio Whole Loan”). Note A-1 represents the controlling interest in D.C. Office Portfolio Whole Loan. | ||||||||||||
For mortgage loan #2 (The Summit Birmingham), the mortgage loan represents Note A-1 of four pari passu notes which have a combined Cut-off Date Balance of $208,000,000. Notes A-2, A-3 and A-4 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the “The Summit Birmingham Whole Loan”). Note A-1 represents a non-controlling interest in The Summit Birmingham Whole Loan. | |||||||||||||
For mortgage loan #3 (One West 34th Street), the mortgage loan represents Note A-1 of three pari passu notes which have a combined Cut-off Date Balance of $150,000,000. Notes A-2 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “One West 34th Street Whole Loan”). Note A-1 represents the controlling interest in the One West 34th Street Whole Loan. | |||||||||||||
For mortgage loan #4 (Pentagon Center), the mortgage loan is evidenced by Notes A-4, A-5 and A-6, three of six pari passu notes which have a combined Cut-off Date Balance of $210,000,000. Notes A-1, A-2 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2, A-3, A-4, A-5 and A-6 in the aggregate (the “Pentagon Center Whole Loan”). Notes A-4, A-5 and A-6 represent non-controlling interests in the Pentagon Center Whole Loan. |
A-1-20
For mortgage loan #5 (JW Marriott Desert Springs), the mortgage loan is evidenced by Notes A-2 and A-3, two of three pari passu notes which have a combined Cut-off Date Balance of $114,714,030. Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “JW Marriott Desert Springs Whole Loan”). Notes A-2 and A-3 represent non-controlling interests in the JW Marriott Desert Springs Whole Loan. | |||||||||||||
For mortgage loan #6 (The Davenport), the mortgage loan represents Note A-2 of two pari passu notes which have a combined Cut-off Date Balance of $105,000,000. Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “The Davenport Whole Loan”). Note A-2 represents the non-controlling interest in The Davenport Whole Loan. | |||||||||||||
For mortgage loan #9 (Merrill Lynch Drive), the mortgage loan represents Note A-3 of three pari passu notes which have a combined Cut-off Date Balance of $103,600,000. Notes A-1 and A-2 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “Merrill Lynch Drive Whole Loan”). Note A-3 represents a non-controlling interest in the Merrill Lynch Drive Whole Loan. | |||||||||||||
For mortgage loan #10 (Key Center Cleveland), the mortgage loan represents Note A-2 of six pari passu notes which have a combined Cut-off Date Balance of $220,000,000. Notes A-1, A-3, A-4, A-5 and A-6 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2, A-3, A-4, A-5 and A-6 in the aggregate (the “Key Center Cleveland Whole Loan”). Note A-2 represents a non-controlling interest in the Key Center Cleveland Whole Loan. | |||||||||||||
For mortgage loan #12 (American Greetings HQ), the mortgage loan represents Note A-1-1 of three pari passu notes which have a combined Cut-off Date Balance of $91,200,058. Notes A-1-2 and A-2 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1-1, A-1-2 and A-2 in the aggregate (the “American Greetings HQ Whole Loan”). Note A-1-1 represents the controlling interest in the American Greetings HQ Whole Loan. | |||||||||||||
For mortgage loan #15 (Ralph’s Food Warehouse Portfolio), the mortgage loan represents Note A-1 of two pari passu notes which have a combined Cut-off Date Balance of $41,816,467. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Ralph’s Food Warehouse Portfolio Whole Loan”). Note A-1 represents the controlling interest in the Ralph’s Food Warehouse Portfolio Whole Loan. | |||||||||||||
(5) | For mortgage loan #1 (D.C. Office Portfolio), All LTVs and Debt Yields are calculated net of the $5,000,000 Holdback. The Holdback can be disbursed in whole or in part provided that the following conditions are satisfied: (i) a minimum net cash flow debt yield of 6.73%, based on a total debt amount equal to $130,000,000; and (ii) no event of default has occurred or is continuing. If the Holdback has not been released within the later of the second year following securitization of the last note and the first 30 months of the loan closing, the lender shall apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield and U/W NCF Debt Yield assuming the whole loan of $105,000,000 are 56.2%, 56.2%, 8.8% and 8.2%, respectively. |
A-1-21
For mortgage loan #13 (The Shoppes at South Bay), All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $37,000,000. Provided there has been no event of default, the Holdback can be disbursed in whole provided that the following conditions are satisfied: (i) construction of the car wash has been completed; and (ii) the car wash tenant (or another tenant paying at least $180,000 in annual rent and approved by the lender) is in occupancy, open for business and paying full unabated rent. If the Holdback has not been released by March 8, 2019, after April 11, 2019 the lender may partially defease the loan with the unreleased proceeds. Assuming the full Holdback balance is applied to the full loan amount of $37,000,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 58.9%, 58.9%, 1.87x, 1.77x, 9.0% and 8.5%, respectively. | |||||||||||||
(6) | With respect to mortgage loan #4 (Pentagon Center), after the lockout release date the borrower may partially defease the mortgage loan to cause the debt yield to equal 9.5% in order to avoid or end a cash management trigger period as defined in the loan agreement. | ||||||||||||
For mortgage loan #15 (Ralph’s Food Warehouse Portfolio), the whole loan may be prepaid in part at any time, together with yield maintenance, in connection with a partial release of the portion of the Ralph’s Food Warehouse - Caguas mortgaged property that is leased to the second largest tenant at the mortgaged property (4,094 square feet), representing 0.6% of the net rentable square feet of the portfolio, upon exercise of a purchase option or right of first refusal by the tenant. | |||||||||||||
For mortgage loan #27 (Hilton Garden Inn Chattanooga Downtown), a third party has the option to repurchase the mortgaged property at any time. In the event the repurchase is exercised after the lockout release date, the borrower shall defease the mortgage loan. If the repurchase is exercised prior to the lockout release date, the borrower shall pay the yield maintenance premium. | |||||||||||||
(7) | For mortgage loan #6 (The Davenport), the Appraised Value assumes the largest tenant (185,448 square feet), representing 80.3% of net rentable square feet, exercises all of its contractually obligated put options for the remaining space at the mortgaged property, completes its tenant improvements and occupies 100% of net rentable square feet. A $7,938,810 reserve was taken at closing, representing the outstanding tenant improvements and leasing commissions. The appraised value assuming the largest tenant does not exercise its put options, complete tenant improvements and occupy 100% of net rentable square feet is $204,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $204,000,000 appraised value are 51.5% and 51.5%, respectively. | ||||||||||||
For mortgage loan #10 (Key Center Cleveland), the Appraised Value assumes the completion of all budgeted capital expenditures and performance improvement plan work at the mortgaged property as of December 1, 2017. At loan origination, $18,271,556 and $4,652,415 was reserved by the lender for capital expenditures and performance improvement plan work, respectively. Based on the as-is appraised value of $304,100,000 as of December 1, 2016, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 72.3% and 59.0%, respectively. In addition, $1,991,429 is held in a furniture, fixtures and equipment reserve account held by Marriott Hotel Services, Inc. as the hotel manager for planned capital improvements for the hotel portion of the mortgaged property. | |||||||||||||
(8) | For mortgage loan #5 (JW Marriott Desert Springs), 43.3% of U/W Revenues is from food and beverage operations. | ||||||||||||
For mortgage loan #8 (U.S. Grant Hotel), 34.2% of U/W Revenues is from food and beverage operations. | |||||||||||||
A-1-22
For mortgage loan #10 (Key Center Cleveland), 27.1% of U/W Revenues from the hotel portion of the mortgaged property is from food and beverage operations. | |||||||||||||
For mortgage loan #11 (DoubleTree Greenway Houston), 25.3% of U/W Revenues is from food and beverage operations. | |||||||||||||
For mortgage loan #26 (Hilton – Mystic, CT), 23.9% of U/W Revenues is from food and beverage operations. | |||||||||||||
For mortgage loan #43 (310-333 S Abbot Avenue), 37.5% of U/W Revenue includes medical tenants. | |||||||||||||
(9) | In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises that were included in the underwriting. | ||||||||||||
For mortgage loan #1 (D.C. Office Portfolio), Occupancy Rate includes one new tenant with a signed lease effective February 15, 2017 and three tenants (3.1% of net rentable square feet) with executed leases that will not be in occupancy at the D.C. Office Portfolio mortgaged property until June 1, 2017, July 15, 2017 and October 1, 2017. The lender has reserved six months’ rent associated with each of the four tenants. The Occupancy Rate excluding the four tenants is 85.9%. | |||||||||||||
For mortgage loan #1 (D.C. Office Portfolio), the largest tenant at the 1900 L Street mortgaged property (12,711 square feet), representing 3.9% of net rentable square feet of the portfolio, is entitled to a two-month rent abatement beginning April 2017. The third largest tenant at the 1920 L Street mortgaged property (7,803 square feet), representing 2.4% of net rentable square feet of the portfolio, is entitled to a one-month rent abatement for the month of March in the years 2017 through 2022. | |||||||||||||
For mortgage loan #4 (Pentagon Center), the sole tenant (911,818 square feet), representing 100.0% of net rentable square feet, has a $3,550,236 rent abatement that can be applied at any time with respect to its lease on Pentagon Center I (“Polk Building”). A $3,550,236 reserve was taken at origination, representing the free rent amount. | |||||||||||||
For mortgage loan #6 (The Davenport), the largest tenant (185,448 square feet), representing 80.3% of net rentable square feet, has abated rent through August 2017. A $1,952,013 reserve was taken at origination, representing the rent abatement. | |||||||||||||
For mortgage loan #7 (Plaza 500), the largest tenant (143,440 square feet), representing 28.5% of the net rentable square feet, has a six month partial rent abatement on the expansion space equal to $37,681 per month beginning April 1, 2017 through September 1, 2017. The lender took an escrow for the rent abatement period at loan origination. | |||||||||||||
For mortgage loan #10 (Key Center Cleveland), the third largest tenant (147,795 square feet), representing 10.8% of net rentable square feet, has executed a lease but has yet to take occupancy at the mortgaged property or commence paying rent. The tenant is expected to commence paying rent in April 2018. The borrower provided a letter of credit with respect to all free rent through March 2018 and all planned leasing costs associated with the tenant’s lease were reserved at loan origination. | |||||||||||||
A-1-23
For mortgage loan #18 (2200 Renaissance Boulevard), the largest tenant (42,418 square feet), representing 23.0% of net rentable square feet, has rent abatements through June 30, 2017. The second largest tenant (23,915 square feet), representing 13.0% of net rentable square feet, has rent abatements from September 2017 through February 2018, September 2018 through November 2018 and September 2019 through November 2019. The fifth largest tenant (13,292 square feet), representing 7.2% of net rentable square feet, has abated rent on 3,192 square feet through April 2017. A $935,617 reserve was collected at origination representing all outstanding rent abatements. | |||||||||||||
For mortgage loan #28 (Mercury Tech Center), the third and fifth largest tenants (8,665 square feet and 7,407 square feet, respectively), representing 10.8% and 9.2% of the net rentable square feet, respectively, have a free rent period through March 2017. Reserves were escrowed at loan origination representing all outstanding rent concessions. | |||||||||||||
(10) | For mortgage loan #9 (Merrill Lynch Drive), the mortgaged property was acquired by the borrower in January 2017 and is leased to Merrill Lynch Pierce Fenner & Smith Incorporated pursuant to a triple-net lease. The single tenant, Merrill Lynch Pierce Fenner & Smith Incorporated, is responsible for the payment of property expenses and as such, historical financial information is not presented. | ||||||||||||
For the cross-collateralized group of mortgage loans #20, #21 and #22 (Walgreens Alaska, Walgreens New York and Walgreens Alabama, respectively), the mortgaged properties were acquired by the borrower in January 2017 and are leased to Walgreens pursuant to a triple-net lease. The single tenant, Walgreens, is responsible for the payment of property expenses and as such, historical financial information is not presented. | |||||||||||||
(11) | The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable. | ||||||||||||
For mortgage loan #1 (D.C. Office Portfolio), the third largest tenant at the 1920 L Street mortgaged property (7,803 square feet), representing 2.4% of net rentable square feet of the portfolio, has a one-time termination right on February 28, 2020 upon 9 months’ written notice and payment of a $19,382 termination fee. The third largest tenant at the 1900 L Street mortgaged property (4,715 square feet), representing 1.4% of net rentable square feet of the portfolio, may terminate its lease after March 31, 2018 upon 9 months’ written notice and payment of a termination fee equal to three months’ rent plus unamortized costs. The fourth largest tenant at the 1900 L Street mortgaged property (3,140 square feet), representing 1.0% of net rentable square feet of the portfolio, may terminate its lease after July 31, 2023 upon 9 months’ written notice and payment of a termination fee equal to three months’ rent plus unamortized costs. | |||||||||||||
For mortgage loan #7 (Plaza 500) the largest tenant (143,440), representing 28.5% of net rentable square feet, will be performing its obligations under a contract with the U.S. Government (the “Contract”) in its expansion space (36,127 square feet). If, during calendar year 2019, the tenant receives notice that the Contract will be terminated or not renewed, then the tenant has the one-time conditional right to give back the expansion space (“Partial Termination Option”) upon 6 months’ prior written notice no later than December 31, 2019. If the tenant exercises its Partial Termination Option, the tenant must pay a partial termination fee equal to all unamortized tenant improvements and leasing commissions with respect to the leasing of the expansion space. The fourth largest tenant (27,603 square feet), representing 5.5% of net rentable square feet, has a termination right in the event that the government (Medicaid and Fairfax County) cancels its contract with the tenant upon providing 90 days’ written notice and a termination fee equal to unamortized costs. The tenant also has a termination right on 13,123 square feet of its space on July 31, 2018 and July 31, 2019 upon 9 | |||||||||||||
A-1-24
months’ written notice and payment of unamortized costs and a termination right on 14,480 square feet of its space on May 31, 2018 and May 31, 2019 upon 9 months’ written notice and payment of unamortized broker fees and tenant improvements. | |||||||||||||
For mortgage loan #10 (Key Center Cleveland), the largest tenant (477,781 square feet), representing 34.9% of net rentable square feet, has an ongoing option, beginning in July 2020, to contract its space by up to 103,000 square feet; provided that each exercise of a contraction option may not exceed 44,000 square feet, and following each exercise of a contraction option, the tenant may not exercise another contraction option for a period of three years following such exercise. Each exercise of such contraction option requires 12 months’ written notice and payment of a contraction fee. The third largest tenant, (147,795 square feet), representing 10.8% of net rentable square feet has the one-time option to contract its space by not less than one-half and not more than one full floor on March 31, 2023 upon 12 months’ prior written notice. The fourth largest tenant, (125,120 square feet), representing 9.1% of net rentable square feet, has the one-time option to contract its space by not more than a full floor of either (i) any single, non-contiguous floor leased by it or (ii) the highest or lowest full floor of any contiguous block of floors leased by it, which contraction may be effective, at the tenant’s option, either on October 1, 2023 or October 1, 2025. Such option is exercisable upon 12 months’ written notice and payment of a fee equal to unamortized tenant improvement allowances and leasing commissions that were paid with respect to the contraction space. | |||||||||||||
For mortgage loan #14 (GM Renaissance Center Parking Garage), the parking garage operator, SP Plus Corporation (“SP Plus”), may terminate its lease if (1) SP Plus is unable to obtain or maintain the necessary licenses or permits required for the conduct of its business (through no fault of its own), (2) the City of Detroit or other controlling government authority should limit parking at the property to permit accessory parking only (as opposed to general or transient parking), (3) the City of Detroit or other government entity should reduce the total number of parking spaces in the property as a requirement in order for SP Plus to obtain or retain necessary permits or licenses, (4) the City of Detroit or other government entity should require improvements to the property which reduce the total number of parking spaces or (5) gross receipts are reduced by at least 15% during the 60 days following an unforeseeable event (such as interference with ingress or egress, loss of parking capacity, civil commotion, terrorist acts, and natural disasters), unless the borrower has been granted a temporary reduction in rent in proportion to the loss of such gross receipts. | |||||||||||||
For mortgage loan #17 (Empire Tower I), the largest tenant (27,244 square feet), representing 15.2% of net rentable square feet, may terminate its lease as of September 30, 2018 upon providing written notice by April 1, 2018 and payment of all unamortized tenant improvements and leasing commissions. The second largest tenant (12,065 square feet), representing 6.7% of net rentable square feet, may terminate its lease as of July 31, 2018 upon providing written notice by January 31, 2018 and payment of a termination fee equal to $47,626 plus all unamortized tenant improvements and leasing commissions. | |||||||||||||
For mortgage loan #18 (2200 Renaissance Boulevard), the largest tenant (42,418 square feet), representing 23.0% of net rentable square feet, may terminate its lease as of June 30, 2020 upon providing written notice by June 30, 2019 and payment of a termination fee equal to $1,028,958. The second largest tenant (23,915 square feet), representing 13.0% of net rentable square feet, may terminate its lease August 31, 2024 upon providing 12 months’ written notice and payment of a termination fee equal to all unamortized tenant improvements, leasing commissions and up to $10,000 in legal fees. | |||||||||||||
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For mortgage loan #20 (Walgreens Alaska), the sole tenant (14,418 square feet), representing 100.0% of net rentable square feet, the lease expiration date reflects an early termination option available beginning on May 31, 2034 and every five years thereafter, upon providing six months’ prior written notice. The fully extended lease expiration date is May 31, 2089. | |||||||||||||
For mortgage loan #21 (Walgreens New York), the sole tenant (14,550 square feet), representing 100.0% of net rentable square feet, the lease expiration date reflects an early termination option available beginning on October 31, 2037 and every five years thereafter, upon providing thirteen months’ prior written notice. The fully extended lease expiration date is October 31, 2087. | |||||||||||||
For mortgage loan #22 (Walgreens Alabama), the sole tenant (14,550 square feet), representing 100.0% of net rentable square feet, the lease expiration date reflects an early termination option available beginning on June 30, 2037 and every five years thereafter, upon providing twelve months’ prior written notice. The fully extended lease expiration date is June 30, 2087. | |||||||||||||
For mortgage loan #25 (Plaza at Milltown Commercial Center), the largest tenant (13,106 square feet), representing 36.0% of net rentable square feet, may terminate its lease as of July 15, 2019 if the State of Hawaii determines that it will decrease staff funding for any fiscal year ending June 30th by more than 50% of the staff funding allocated to the tenant for the fiscal year 2016, upon providing 30 days’ written notice and payment of a termination fee equal to all unamortized tenant improvements. | |||||||||||||
For mortgage loan #28 (Mercury Tech Center), the largest tenant (9,241 square feet), representing 11.5% of net rentable square feet, has a termination right exercisable on September 30, 2018, 2019 or 2020, with five months and twenty days’ written notice and payment of a termination fee equal to $40,000 if exercised in 2018, $30,000 if exercised in 2019 or $20,000 if exercised in 2020. The fifth largest tenant (7,407 square feet), representing 9.2% of net rentable square feet, has a one-time termination right exercisable on March 31, 2020, with six months’ notice and payment of a termination fee equal to $17,321 plus unamortized costs and brokerage commissions. | |||||||||||||
For mortgage loan #31 (Fashion Place Shopping Center), the third largest tenant, representing 15.3% of the net rentable square feet, may terminate its lease if gross sales do not exceed $3,000,000 at the end of each fiscal year ending January 31st. Notice must be given by May 15th of the applicable year and would not be effective until December 31st of that year. | |||||||||||||
For mortgage loan # 42 (Barry Plaza), the fourth largest tenant (3,245 square feet), representing 9.2% of net rentable square feet, may terminate its lease with 12 months’ written notice and a $10,000 payment plus unamortized leasing commissions. | |||||||||||||
For mortgage loan #45 (Walgreens Bluffton), the sole tenant (13,650 square feet), representing 100.0% of net rentable square feet, may terminate its lease as of July 31, 2030 and every five years thereafter, upon providing six months’ written notice. | |||||||||||||
For mortgage loan #46 (Walgreens – Holyoke, MA), the sole tenant (13,854 square feet), representing 100.0% of net rentable square feet, the lease expiration date reflects an early termination option available beginning on September 30, 2034 and every five years thereafter, upon providing twelve months’ prior written notice. The fully extended lease expiration date is September 30, 2074. | |||||||||||||
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(12) | For mortgage loan #1 (D.C. Office Portfolio), the largest tenant at the 1900 L Street mortgaged property (12,711 square feet), representing 3.9% of net rentable square feet of the portfolio, has multiple leases that expire as follows: 12,382 square feet expiring September 30, 2020 and 329 square feet of storage space on a month to month basis. | ||||||||||||
For mortgage loan #17 (Empire Tower I), the third largest tenant (10,435 square feet), representing 5.8% of net rentable square feet, has multiple leases that expire as follows: 5,262 square feet expiring May 31, 2019 and 5,173 square feet expiring September 30, 2019. The fourth largest tenant (9,630 square feet), representing 5.4% of net rentable square feet, has multiple leases that expire as follows: 113 square feet are month-to-month and 9,517 square feet expiring October 31, 2019. | |||||||||||||
(13) | For mortgage loan #12 (American Greetings HQ), the sole tenant, representing 100.0% of the net rentable square feet, is an affiliate of the borrower. | ||||||||||||
For mortgage loan #15 (Ralph’s Food Warehouse Portfolio), 581,245 square feet (87.1% of the net rentable square feet of the portfolio), is leased to affiliates of the borrower. The sole tenant at the Instituto de Banca y Comercio mortgaged property (60,000 square feet), representing 9.0% of the net rentable square feet of the portfolio, is an affiliate of the borrower under a master lease expiring January 31, 2037. The borrower affiliate in turn leases the space to the Instituto de Banca y Comercio, under a lease expiring December 31, 2024. | |||||||||||||
(14) | For mortgage loan #5 (JW Marriott Desert Springs), the Other Escrow II Cap will be adjusted to an amount equal to (1) for the period commencing on the monthly payment date in January of such calendar year through but excluding the monthly payment date in October of such calendar year, an amount equal to the sum of: (a) four months of debt service on the JW Marriott Desert Springs Whole Loan; plus (b) four months of debt service on the mezzanine loan; and (2) for the remainder of each such calendar year, an amount equal to the sum of: (a) two months of debt service on the JW Marriott Desert Springs Whole Loan, plus (b) two months of debt service on the mezzanine loan. | ||||||||||||
For mortgage loan #8 (U.S. Grant Hotel), the Monthly Replacement Reserve is an amount equal to 4.0% of operating income, unless such amount is sufficiently reserved by Starwood Hotels & Resorts Management Company, Inc. | |||||||||||||
For mortgage loan # 11 (DoubleTree Greenway Houston), the Monthly Replacement Reserve adjusts to an amount equal to 1/12 of (i) 2% of operating income until March 1, 2018, (ii) 3% of operating income until March 1, 2019, and (iii) 4% of operating income thereafter. | |||||||||||||
For mortgage loan #19 (B.F. Saul Hotel Portfolio), the Monthly Replacement Reserve adjusts to an amount equal to 1/12th of 4.0% of gross revenue. |
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