FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226486-17 | ||
WFCM 2020-C58 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. 333-226486) 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, Barclays Capital Inc., Academy Securities, Inc., Drexel Hamilton, LLC, or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
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 | Address | City | State | Zip Code | General Property Type(2) |
1 | McClellan Park | WFB | Various | McClellan | CA | 95652 | Industrial | |
2 | MGM Grand & Mandalay Bay | Barclays | Various | Las Vegas | NV | Various | Hospitality | |
2.01 | MGM Grand | Barclays | 3799 South Las Vegas Boulevard | Las Vegas | NV | 89109 | Hospitality | |
2.02 | Mandalay Bay | Barclays | 3950 South Las Vegas Boulevard | Las Vegas | NV | 89119 | Hospitality | |
3 | Pacific Gateway II | WFB | 19191 South Vermont Avenue | Torrance | CA | 90502 | Office | |
4 | CoLinx Distribution Center | BSPRT | 1536 Genesis Road | Crossville | TN | 38555 | Industrial | |
5 | The Arboretum | WFB | 3333 Pineville Matthews Road | Charlotte | NC | 28226 | Retail | |
6 | HPE Campus | AREF | 8000-8050 Foothills Boulevard | Roseville | CA | 95747 | Office | |
7 | Alto Pomona | BSPRT | 2875 Pomona Boulevard | Pomona | CA | 91768 | Industrial | |
8 | Palmetto Plaza | Barclays | 15905-16381 Northwest 57th Avenue | Miami Gardens | FL | 33014 | Retail | |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | Barclays | Various | Chicago | IL | Various | Multifamily | |
9.01 | The Douglass Apartments | Barclays | 6531 South Lowe Avenue | Chicago | IL | 60621 | Multifamily | |
9.02 | 7748 South Essex Apartments | Barclays | 7748 South Essex Avenue | Chicago | IL | 60649 | Multifamily | |
9.03 | 7635 South East End Apartments | Barclays | 7635 South East End Avenue | Chicago | IL | 60649 | Multifamily | |
9.04 | 7625 South East End Apartments | Barclays | 7625 South East End Avenue | Chicago | IL | 60649 | Multifamily | |
9.05 | 7800 South Sangamon Apartments | Barclays | 7800 South Sangamon Street | Chicago | IL | 60620 | Multifamily | |
9.06 | 8056 South Marshfield Apartments | Barclays | 8056 South Marshfield Avenue | Chicago | IL | 60620 | Multifamily | |
9.07 | South Shore Courtyard | Barclays | 7927 South Marquette Avenue | Chicago | IL | 60617 | Multifamily | |
10 | Sullyfield Commerce Center I & II | AREF | 14320 and 14340 Sullyfield Circle | Chantilly | VA | 20151 | Industrial | |
11 | 10725 North De Anza Boulevard | WFB | 10725 North De Anza Boulevard | Cupertino | CA | 95014 | Office | |
12 | Bel Villaggio | LMF | 41221-41493 and 41501-41577 Margarita Road | Temecula | CA | 92591 | Retail | |
13 | Home Depot - Gardena | WFB | 740 West 182nd Street; 18233 Hoover Street | Gardena | CA | 90248 | Retail | |
14 | Stone & Montague Portfolio | AREF | Various | Various | NY | Various | Mixed Use | |
14.01 | 6 Stone Street | AREF | 6 Stone Street | New York | NY | 10004 | Mixed Use | |
14.02 | 162 Montague Street | AREF | 162 Montague Street | Brooklyn | NY | 11201 | Mixed Use | |
14.03 | 155 Montague Street | AREF | 155 Montague Street | Brooklyn | NY | 11201 | Mixed Use | |
15 | 120 Wall Street | WFB | 120 Wall Street | New York | NY | 10005 | Office | |
16 | One Stockton | Barclays | 1 Stockton Street | San Francisco | CA | 94108 | Retail | |
17 | Summerfield Apartments | BSPRT | 1500 Lorene Drive | Harvey | LA | 70058 | Multifamily | |
18 | Commerce Corporate Center | LMF | 5000, 5050, 5100 West Tilghman Street | Allentown | PA | 18104 | Office | |
19 | Courtyard Marriott Solana Beach | WFB | 717 South Highway 101 | Solana Beach | CA | 92075 | Hospitality | |
20 | 100 Brandywine Boulevard | Barclays | 100 Brandywine Boulevard | Newtown | PA | 18940 | Office | |
21 | West River Flats | BSPRT | 1545 Spruce Terrace | Tampa | FL | 33607 | Multifamily | |
22 | 37 East 28th Street | AREF | 37 East 28th Street | New York | NY | 10016 | Mixed Use | |
23 | Centre Point | LMF | 2060 Detwiler Road | Harleysville | PA | 19438 | Office | |
24 | Hyde Park Multifamily Portfolio | Barclays | Various | Chicago | IL | Various | Multifamily | |
24.01 | 1101 East Hyde Park Boulevard | Barclays | 1101 East Hyde Park Boulevard | Chicago | IL | 60615 | Multifamily | |
24.02 | 1440 East 52nd Street | Barclays | 1440 East 52nd Street | Chicago | IL | 60615 | Multifamily | |
24.03 | 5557 South University Avenue | Barclays | 5557 South University Avenue | Chicago | IL | 60637 | Multifamily | |
24.04 | 1154 East 56th Street | Barclays | 1154 East 56th Street | Chicago | IL | 60637 | Multifamily | |
24.05 | 5429 South Woodlawn Avenue | Barclays | 5429 South Woodlawn Avenue | Chicago | IL | 60615 | Multifamily | |
25 | 284 West Shaw and 1701 Santa Clara | WFB | Various | Various | CA | Various | Retail | |
25.01 | 284 West Shaw Avenue | WFB | 284 West Shaw Avenue | Clovis | CA | 93612 | Retail | |
25.02 | 1701 Santa Clara Drive | WFB | 1701 Santa Clara Drive | Roseville | CA | 95661 | Retail | |
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | Barclays | Various | Various | IL | Various | Multifamily | |
26.01 | Riverdale Portfolio | Barclays | 14029-14031 South Atlantic Avenue; 14033-14035 South Atlantic Avenue; 14036 South Atlantic Avenue; 14100 South Atlantic Avenue; 14103 South Tracy Avenue; 14108-10 South Tracy Avenue; 14112-14 South Tracy Avenue; 14113 South Stewart Avenue; 14113 South Tracy Avenue; 14144 South School Street | Riverdale | IL | 60827 | Multifamily | |
26.02 | 5450 South Indiana | Barclays | 5450 South Indiana Avenue | Chicago | IL | 60615 | Multifamily | |
26.03 | 6733 South Perry | Barclays | 6733 South Perry Avenue | Chicago | IL | 60621 | Multifamily | |
26.04 | 6643 South Perry | Barclays | 6643 South Perry Avenue | Chicago | IL | 60621 | Multifamily | |
27 | Alto 211 | AREF | 211 North Ervay Street | Dallas | TX | 75201 | Office | |
28 | 170 North High Street | LMF | 170 North High Street | Columbus | OH | 43215 | Office | |
29 | Holiday Inn Salina | LMF | 3145 South 9th Street | Salina | KS | 67401 | Hospitality | |
30 | Twilley Center | LMF | 337 Mount Hermon Road | Salisbury | MD | 21801 | Retail | |
31 | Tractor Supply Portfolio | WFB | Various | Various | FL | Various | Retail | |
31.01 | Tractor Supply Naples | WFB | 13235 Tamiami Trail East | Naples | FL | 34114 | Retail | |
31.02 | Tractor Supply Sarasota | WFB | 7130 Fruitville Road | Sarasota | FL | 34240 | Retail | |
32 | Radcliff Apartment Portfolio | BSPRT | Various | Radcliff | KY | 40160 | Multifamily | |
32.01 | Christopher Square Apartments | BSPRT | 1451 West Lincoln Trail Boulevard | Radcliff | KY | 40160 | Multifamily | |
32.02 | Navaho Drive Apartments | BSPRT | 513;533 Navaho Drive | Radcliff | KY | 40160 | Multifamily | |
32.03 | Woodland Drive Apartments | BSPRT | 166, 184 and 202 Woodland Drive | Radcliff | KY | 40160 | Multifamily | |
33 | Plaza Del Mar | LMF | 1451-1535 North Federal Highway | Fort Lauderdale | FL | 33304 | Retail | |
34 | National Self Storage - Dove Mountain | WFB | 12071 North Thornydale Road | Marana | AZ | 85658 | Self Storage | |
35 | Clearfork MHC and Town & Country MHC Portfolio | LMF | Various | Various | Various | Various | Manufactured Housing Community | |
35.01 | Town & Country MHC | LMF | 51005 Old Michigan Road | Belleville | MI | 48111 | Manufactured Housing Community | |
35.02 | Clearfork MHC | LMF | 1260 State Route 97 | Bellville | OH | 44803 | Manufactured Housing Community | |
36 | Baltimore Station | AREF | 6402 & 6408 Woodward Avenue | Detroit | MI | 48202 | Mixed Use | |
37 | 866 UN Plaza | Barclays | 866 United Nations Plaza | New York | NY | 10017 | Office | |
38 | Tree Garden Business Park | LMF | 4005 - 4083 Northwest 79th Avenue | Doral | FL | 33166 | Industrial | |
39 | 126 N Jefferson | Barclays | 126 North Jefferson Street | Milwaukee | WI | 53202 | Office | |
40 | Golden Cove MHC | LMF | 2334 Sanbar Road | Graford | TX | 76449 | Manufactured Housing Community | |
41 | The Meadows and Westwood II & III Apartments | BSPRT | Various | Various | GA | Various | Multifamily | |
41.01 | Westwood Apartments II & III | BSPRT | 919 Corder Road; 1000 Arrowhead Trail | Warner Robins | GA | 31088 | Multifamily | |
41.02 | The Meadows Apartments | BSPRT | 101 Arnold Street | Centerville | GA | 31028 | Multifamily | |
42 | Fabric Lofts Apartments | LMF | 705 South 5th Street | Philadelphia | PA | 19147 | Mixed Use | |
43 | Jefferson Square Plaza | LMF | 6041-6047 Kimberly Boulevard | Pompano Beach | FL | 33068 | Mixed Use | |
44 | Satterfield Marketplace | LMF | 1135 Highway 85 North | Fayetteville | GA | 30214 | Retail | |
45 | 5555 West Loop Office | LMF | 5555 West Loop South | Bellaire | TX | 77401 | Office | |
46 | 1226 E. 7th Street | LMF | 1226 East 7th Street | Long Beach | CA | 90802 | Multifamily | |
47 | 1047 E. 7th Street | LMF | 1047 East 7th Street | Long Beach | CA | 90802 | Multifamily | |
48 | 409-413 E. 7th Street | LMF | 409 East 7th Street | Long Beach | CA | 90813 | Multifamily |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Specific Property Type | Year Built | Year Renovated | Number of Units(2) | Unit of Measure | Cut-off Date Balance Per Unit/SF | Original Balance ($) | Cut-off Date Balance ($) | % of Aggregate Cut-off Date Balance | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date |
1 | McClellan Park | Warehouse | 1938 | 2019 | 6,925,484 | Sq. Ft. | 52 | 69,000,000 | 69,000,000 | 9.9% | 69,000,000 | N | 11/13/2020 | 1/11/2021 |
2 | MGM Grand & Mandalay Bay | Full Service | Various | 9,748 | Rooms | 167,645 | 45,000,000 | 45,000,000 | 6.5% | 45,000,000 | Y | 2/14/2020 | 4/5/2020 | |
2.01 | MGM Grand | Full Service | 1993 | 4,998 | Rooms | 24,525,000 | 24,525,000 | 3.5% | ||||||
2.02 | Mandalay Bay | Full Service | 1999 | 4,750 | Rooms | 20,475,000 | 20,475,000 | 2.9% | ||||||
3 | Pacific Gateway II | Suburban | 1982 | 2020 | 237,057 | Sq. Ft. | 166 | 39,300,000 | 39,300,000 | 5.6% | 32,828,926 | N | 10/7/2020 | 11/11/2020 |
4 | CoLinx Distribution Center | Warehouse Distribution | 1996-2018 | 900,177 | Sq. Ft. | 41 | 36,750,000 | 36,699,003 | 5.3% | 29,408,436 | N | 11/5/2020 | 12/6/2020 | |
5 | The Arboretum | Anchored | 1985 | 2012 | 555,912 | Sq. Ft. | 179 | 35,000,000 | 34,890,190 | 5.0% | 27,142,546 | N | 10/1/2020 | 11/11/2020 |
6 | HPE Campus | Suburban | 1981 | 2019 | 447,364 | Sq. Ft. | 149 | 26,770,000 | 26,770,000 | 3.8% | 26,770,000 | N | 2/21/2020 | 4/6/2020 |
7 | Alto Pomona | Warehouse Distribution | 1982;1998 | 2016 | 288,195 | Sq. Ft. | 82 | 23,625,000 | 23,625,000 | 3.4% | 20,283,335 | N | 10/22/2019 | 12/6/2019 |
8 | Palmetto Plaza | Anchored | 1978 | 2016 | 175,035 | Sq. Ft. | 129 | 22,650,000 | 22,650,000 | 3.3% | 20,477,909 | N | 3/13/2020 | 5/6/2020 |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | Low Rise | Various | Various | 328 | Units | 62,424 | 20,475,000 | 20,475,000 | 2.9% | 16,663,234 | N | 11/12/2020 | 12/6/2020 |
9.01 | The Douglass Apartments | Low Rise | 1972 | 2020 | 188 | Units | 11,550,000 | 11,550,000 | 1.7% | |||||
9.02 | 7748 South Essex Apartments | Low Rise | 1928 | 2020 | 32 | Units | 2,025,000 | 2,025,000 | 0.3% | |||||
9.03 | 7635 South East End Apartments | Low Rise | 1929 | 2020 | 26 | Units | 1,612,500 | 1,612,500 | 0.2% | |||||
9.04 | 7625 South East End Apartments | Low Rise | 1922 | 2020 | 25 | Units | 1,612,500 | 1,612,500 | 0.2% | |||||
9.05 | 7800 South Sangamon Apartments | Low Rise | 1924 | 2018 | 21 | Units | 1,462,500 | 1,462,500 | 0.2% | |||||
9.06 | 8056 South Marshfield Apartments | Low Rise | 1927 | 2019 | 19 | Units | 1,125,000 | 1,125,000 | 0.2% | |||||
9.07 | South Shore Courtyard | Low Rise | 1928 | 2020 | 17 | Units | 1,087,500 | 1,087,500 | 0.2% | |||||
10 | Sullyfield Commerce Center I & II | Flex | 1985 | 245,888 | Sq. Ft. | 81 | 20,000,000 | 20,000,000 | 2.9% | 20,000,000 | N | 10/20/2020 | 12/6/2020 | |
11 | 10725 North De Anza Boulevard | Suburban | 1988 | 2013 | 39,961 | Sq. Ft. | 500 | 20,000,000 | 20,000,000 | 2.9% | 20,000,000 | N | 10/9/2020 | 11/11/2020 |
12 | Bel Villaggio | Shadow Anchored | 2005 | 2013 | 117,726 | Sq. Ft. | 137 | 16,162,250 | 16,162,250 | 2.3% | 16,162,250 | N | 2/5/2020 | 3/6/2020 |
13 | Home Depot - Gardena | Anchored | 1964 | 1989 | 150,000 | Sq. Ft. | 103 | 15,500,000 | 15,500,000 | 2.2% | 15,500,000 | N | 8/14/2020 | 10/11/2020 |
14 | Stone & Montague Portfolio | Various | Various | Various | 23,910 | Sq. Ft. | 648 | 15,500,000 | 15,500,000 | 2.2% | 15,500,000 | N | 10/23/2020 | 12/6/2020 |
14.01 | 6 Stone Street | Retail/Office/Multifamily | 1910 | 2019 | 9,485 | Sq. Ft. | 6,670,000 | 6,670,000 | 1.0% | |||||
14.02 | 162 Montague Street | Retail/Multifamily/Office | 1900 | 2019 | 7,305 | Sq. Ft. | 5,300,000 | 5,300,000 | 0.8% | |||||
14.03 | 155 Montague Street | Retail/Multifamily | 1900 | 2020 | 7,120 | Sq. Ft. | 3,530,000 | 3,530,000 | 0.5% | |||||
15 | 120 Wall Street | CBD | 1929 | 2013 | 668,276 | Sq. Ft. | 247 | 15,000,000 | 15,000,000 | 2.2% | 15,000,000 | N | 10/1/2020 | 11/11/2020 |
16 | One Stockton | Single Tenant | 1973 | 2016 | 16,987 | Sq. Ft. | 3,885 | 15,000,000 | 15,000,000 | 2.2% | 15,000,000 | N | 11/15/2019 | 1/6/2020 |
17 | Summerfield Apartments | Garden | 1973 | 2020 | 224 | Units | 64,732 | 14,500,000 | 14,500,000 | 2.1% | 14,500,000 | N | 10/6/2020 | 11/6/2020 |
18 | Commerce Corporate Center | Suburban | 1982 | 2019 | 195,301 | Sq. Ft. | 74 | 14,500,000 | 14,479,843 | 2.1% | 11,599,225 | N | 10/22/2020 | 12/6/2020 |
19 | Courtyard Marriott Solana Beach | Select Service | 1990 | 2019 | 120 | Rooms | 213,724 | 14,500,000 | 14,303,056 | 2.1% | 11,349,643 | N | 2/27/2020 | 4/11/2020 |
20 | 100 Brandywine Boulevard | Suburban | 2002 | 105,324 | Sq. Ft. | 135 | 14,220,000 | 14,220,000 | 2.0% | 11,503,557 | N | 11/13/2020 | 1/6/2021 | |
21 | West River Flats | Low Rise | 1964 | 2020 | 135 | Units | 104,148 | 14,060,000 | 14,060,000 | 2.0% | 11,315,088 | N | 11/16/2020 | 1/6/2021 |
22 | 37 East 28th Street | Office/Retail | 1909 | 44,093 | Sq. Ft. | 303 | 13,350,000 | 13,350,000 | 1.9% | 13,350,000 | N | 11/18/2020 | 1/6/2021 | |
23 | Centre Point | Suburban | 1965 | 2006 | 131,948 | Sq. Ft. | 100 | 13,250,000 | 13,231,811 | 1.9% | 10,625,487 | N | 10/14/2020 | 12/6/2020 |
24 | Hyde Park Multifamily Portfolio | Various | Various | Various | 96 | Units | 122,396 | 11,750,000 | 11,750,000 | 1.7% | 11,750,000 | N | 11/16/2020 | 1/6/2021 |
24.01 | 1101 East Hyde Park Boulevard | Mid Rise | 1924 | 2008 | 46 | Units | 5,350,000 | 5,350,000 | 0.8% | |||||
24.02 | 1440 East 52nd Street | Mid Rise | 1924 | 2008 | 31 | Units | 2,750,000 | 2,750,000 | 0.4% | |||||
24.03 | 5557 South University Avenue | Low Rise | 1910 | 2015 | 7 | Units | 1,650,000 | 1,650,000 | 0.2% | |||||
24.04 | 1154 East 56th Street | Mid Rise | 1905 | 2009 | 9 | Units | 1,400,000 | 1,400,000 | 0.2% | |||||
24.05 | 5429 South Woodlawn Avenue | Low Rise | 1910 | 2008 | 3 | Units | 600,000 | 600,000 | 0.1% | |||||
25 | 284 West Shaw and 1701 Santa Clara | Various | Various | 2019 | 46,694 | Sq. Ft. | 224 | 10,600,000 | 10,452,771 | 1.5% | 8,453,394 | N | 2/11/2020 | 3/11/2020 |
25.01 | 284 West Shaw Avenue | Single Tenant | 1974 | 2019 | 31,291 | Sq. Ft. | 6,000,000 | 5,916,663 | 0.8% | |||||
25.02 | 1701 Santa Clara Drive | Unanchored | 1982 | 2019 | 15,403 | Sq. Ft. | 4,600,000 | 4,536,108 | 0.7% | |||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | Low Rise | Various | 2020 | 194 | Units | 47,938 | 9,300,000 | 9,300,000 | 1.3% | 7,718,665 | N | 11/2/2020 | 12/6/2020 |
26.01 | Riverdale Portfolio | Low Rise | 1964 | 2020 | 138 | Units | 5,844,766 | 5,844,766 | 0.8% | |||||
26.02 | 5450 South Indiana | Low Rise | 1907 | 2020 | 29 | Units | 2,028,152 | 2,028,152 | 0.3% | |||||
26.03 | 6733 South Perry | Low Rise | 1930 | 2020 | 15 | Units | 792,823 | 792,823 | 0.1% | |||||
26.04 | 6643 South Perry | Low Rise | 1930 | 2020 | 12 | Units | 634,259 | 634,259 | 0.1% | |||||
27 | Alto 211 | CBD | 1958 | 2018 | 179,623 | Sq. Ft. | 52 | 9,250,000 | 9,250,000 | 1.3% | 7,610,138 | N | 11/19/2020 | 1/6/2021 |
28 | 170 North High Street | CBD | 1973 | 1995 | 76,731 | Sq. Ft. | 120 | 9,200,000 | 9,200,000 | 1.3% | 7,452,550 | N | 11/16/2020 | 1/6/2021 |
29 | Holiday Inn Salina | Full Service | 2015 | 115 | Rooms | 79,970 | 9,300,000 | 9,196,528 | 1.3% | 7,549,984 | N | 2/13/2020 | 4/6/2020 | |
30 | Twilley Center | Unanchored | 1977 | 189,022 | Sq. Ft. | 49 | 9,300,000 | 9,176,600 | 1.3% | 7,479,780 | N | 1/31/2020 | 3/6/2020 | |
31 | Tractor Supply Portfolio | Single Tenant | Various | 41,926 | Sq. Ft. | 187 | 7,850,000 | 7,850,000 | 1.1% | 7,850,000 | N | 9/29/2020 | 11/11/2020 | |
31.01 | Tractor Supply Naples | Single Tenant | 2008 | 22,670 | Sq. Ft. | 4,846,780 | 4,846,780 | 0.7% | ||||||
31.02 | Tractor Supply Sarasota | Single Tenant | 2017 | 19,256 | Sq. Ft. | 3,003,220 | 3,003,220 | 0.4% | ||||||
32 | Radcliff Apartment Portfolio | Garden | Various | Various | 219 | Units | 33,105 | 7,250,000 | 7,250,000 | 1.0% | 6,081,502 | N | 10/6/2020 | 11/6/2020 |
32.01 | Christopher Square Apartments | Garden | 1977 | 2019 | 163 | Units | 5,203,349 | 5,203,349 | 0.7% | |||||
32.02 | Navaho Drive Apartments | Garden | 1984 | 24 | Units | 1,040,670 | 1,040,670 | 0.1% | ||||||
32.03 | Woodland Drive Apartments | Garden | 1977 | 32 | Units | 1,005,981 | 1,005,981 | 0.1% | ||||||
33 | Plaza Del Mar | Unanchored | 1984 | 2016 | 32,088 | Sq. Ft. | 218 | 7,000,000 | 7,000,000 | 1.0% | 7,000,000 | N | 10/20/2020 | 12/6/2020 |
34 | National Self Storage - Dove Mountain | Self Storage | 2018 | 63,040 | Sq. Ft. | 111 | 7,000,000 | 7,000,000 | 1.0% | 6,006,326 | N | 10/5/2020 | 11/11/2020 | |
35 | Clearfork MHC and Town & Country MHC Portfolio | Manufactured Housing Community | Various | 319 | Pads | 20,492 | 6,537,000 | 6,537,000 | 0.9% | 6,161,873 | N | 11/18/2020 | 1/6/2021 | |
35.01 | Town & Country MHC | Manufactured Housing Community | 1950 | 137 | Pads | 3,725,000 | 3,725,000 | 0.5% | ||||||
35.02 | Clearfork MHC | Manufactured Housing Community | 1975 | 182 | Pads | 2,812,000 | 2,812,000 | 0.4% | ||||||
36 | Baltimore Station | Multifamily/Retail | 1922 | 2018 | 26,069 | Sq. Ft. | 249 | 6,500,000 | 6,500,000 | 0.9% | 6,500,000 | N | 10/22/2020 | 12/6/2020 |
37 | 866 UN Plaza | CBD | 1967 | 2018 | 12,774 | Sq. Ft. | 489 | 6,250,000 | 6,250,000 | 0.9% | 6,250,000 | N | 10/30/2020 | 12/6/2020 |
38 | Tree Garden Business Park | Flex | 1996 | 109,050 | Sq. Ft. | 55 | 6,060,000 | 6,051,284 | 0.9% | 4,814,882 | N | 11/3/2020 | 12/6/2020 | |
39 | 126 N Jefferson | CBD | 1904 | 1998 | 67,928 | Sq. Ft. | 87 | 5,940,000 | 5,940,000 | 0.9% | 5,940,000 | N | 10/6/2020 | 11/6/2020 |
40 | Golden Cove MHC | Manufactured Housing Community | 1960 | 110 | Pads | 52,727 | 5,800,000 | 5,800,000 | 0.8% | 5,036,654 | N | 10/28/2020 | 12/6/2020 | |
41 | The Meadows and Westwood II & III Apartments | Garden | Various | Various | 124 | Units | 43,488 | 5,400,000 | 5,392,507 | 0.8% | 4,321,240 | N | 10/15/2020 | 12/6/2020 |
41.01 | Westwood Apartments II & III | Garden | 1970;1987 | 2020 | 92 | Units | 3,800,000 | 3,794,727 | 0.5% | |||||
41.02 | The Meadows Apartments | Garden | 1969 | 2019 | 32 | Units | 1,600,000 | 1,597,780 | 0.2% | |||||
42 | Fabric Lofts Apartments | Multifamily/Retail | 1930 | 2016 | 13,101 | Sq. Ft. | 359 | 4,700,000 | 4,700,000 | 0.7% | 4,085,454 | N | 11/13/2020 | 1/6/2021 |
43 | Jefferson Square Plaza | Office/Retail | 1981 | 53,000 | Sq. Ft. | 79 | 4,200,000 | 4,194,045 | 0.6% | 3,346,651 | N | 10/16/2020 | 12/6/2020 | |
44 | Satterfield Marketplace | Unanchored | 2019 | 12,250 | Sq. Ft. | 327 | 4,000,000 | 4,000,000 | 0.6% | 4,000,000 | N | 10/20/2020 | 12/6/2020 | |
45 | 5555 West Loop Office | Suburban | 1972 | 2006 | 53,888 | Sq. Ft. | 65 | 3,500,000 | 3,495,708 | 0.5% | 2,866,628 | N | 10/14/2020 | 12/6/2020 |
46 | 1226 E. 7th Street | Low Rise | 1971 | 20 | Units | 124,500 | 2,490,000 | 2,490,000 | 0.4% | 2,490,000 | N | 11/13/2020 | 1/6/2021 | |
47 | 1047 E. 7th Street | Low Rise | 1964 | 15 | Units | 151,333 | 2,270,000 | 2,270,000 | 0.3% | 2,270,000 | N | 11/13/2020 | 1/6/2021 | |
48 | 409-413 E. 7th Street | Low Rise | 1923 | 16 | Units | 96,250 | 1,540,000 | 1,540,000 | 0.2% | 1,540,000 | N | 11/13/2020 | 1/6/2021 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Last IO Pay Date | First P&I Pay Date | Maturity Date or Anticipated Repayment Date | ARD Loan Maturity Date | Gross Mortgage Rate | Trust Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method |
1 | McClellan Park | 12/11/2030 | 12/11/2030 | 3.30900% | 0.00215% | 0.01070% | 0.00375% | 0.00050% | 0.00030% | 3.29160% | Actual/360 | ||
2 | MGM Grand & Mandalay Bay | 3/5/2030 | 3/5/2030 | 3/5/2032 | 3.55800% | 0.00215% | 0.01070% | 0.00313% | 0.00050% | 0.00030% | 3.54123% | Actual/360 | |
2.01 | MGM Grand | ||||||||||||
2.02 | Mandalay Bay | ||||||||||||
3 | Pacific Gateway II | 10/11/2022 | 11/11/2022 | 10/11/2030 | 3.70600% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.68735% | Actual/360 | |
4 | CoLinx Distribution Center | 12/6/2020 | 11/6/2030 | 4.21000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.19135% | Actual/360 | ||
5 | The Arboretum | 11/11/2020 | 10/11/2030 | 3.35800% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.33935% | Actual/360 | ||
6 | HPE Campus | 3/6/2030 | 3/6/2030 | 3.54000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.52135% | Actual/360 | ||
7 | Alto Pomona | 11/6/2021 | 12/6/2021 | 11/6/2029 | 4.70000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.68135% | Actual/360 | |
8 | Palmetto Plaza | 4/6/2025 | 5/6/2025 | 4/6/2030 | 3.78000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.76135% | Actual/360 | |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 5/6/2022 | 6/6/2022 | 11/6/2030 | 3.33540% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.31675% | Actual/360 | |
9.01 | The Douglass Apartments | ||||||||||||
9.02 | 7748 South Essex Apartments | ||||||||||||
9.03 | 7635 South East End Apartments | ||||||||||||
9.04 | 7625 South East End Apartments | ||||||||||||
9.05 | 7800 South Sangamon Apartments | ||||||||||||
9.06 | 8056 South Marshfield Apartments | ||||||||||||
9.07 | South Shore Courtyard | ||||||||||||
10 | Sullyfield Commerce Center I & II | 11/6/2030 | 11/6/2030 | 3.01500% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 2.99635% | Actual/360 | ||
11 | 10725 North De Anza Boulevard | 10/11/2030 | 10/11/2030 | 3.30200% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.28335% | Actual/360 | ||
12 | Bel Villaggio | 2/6/2030 | 2/6/2030 | 3.57000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.55135% | Actual/360 | ||
13 | Home Depot - Gardena | 9/11/2030 | 9/11/2030 | 3.16500% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.14635% | Actual/360 | ||
14 | Stone & Montague Portfolio | 11/6/2030 | 11/6/2030 | 4.35000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.33135% | Actual/360 | ||
14.01 | 6 Stone Street | ||||||||||||
14.02 | 162 Montague Street | ||||||||||||
14.03 | 155 Montague Street | ||||||||||||
15 | 120 Wall Street | 10/11/2030 | 10/11/2030 | 3.20100% | 0.00215% | 0.01070% | 0.00375% | 0.00050% | 0.00030% | 3.18360% | Actual/360 | ||
16 | One Stockton | 12/6/2029 | 12/6/2029 | 4.04000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.02135% | Actual/360 | ||
17 | Summerfield Apartments | 10/6/2030 | 10/6/2030 | 3.44000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.42135% | Actual/360 | ||
18 | Commerce Corporate Center | 12/6/2020 | 11/6/2030 | 4.20000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.18135% | Actual/360 | ||
19 | Courtyard Marriott Solana Beach | 4/11/2020 | 3/11/2030 | 3.60000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.58135% | Actual/360 | ||
20 | 100 Brandywine Boulevard | 12/6/2021 | 1/6/2022 | 12/6/2030 | 3.63000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.61135% | Actual/360 | |
21 | West River Flats | 1/6/2021 | 12/6/2030 | 4.37000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.35135% | Actual/360 | ||
22 | 37 East 28th Street | 12/6/2030 | 12/6/2030 | 4.37200% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.35335% | Actual/360 | ||
23 | Centre Point | 12/6/2020 | 11/6/2030 | 4.27000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.25135% | Actual/360 | ||
24 | Hyde Park Multifamily Portfolio | 12/6/2030 | 12/6/2030 | 3.55300% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.53435% | Actual/360 | ||
24.01 | 1101 East Hyde Park Boulevard | ||||||||||||
24.02 | 1440 East 52nd Street | ||||||||||||
24.03 | 5557 South University Avenue | ||||||||||||
24.04 | 1154 East 56th Street | ||||||||||||
24.05 | 5429 South Woodlawn Avenue | ||||||||||||
25 | 284 West Shaw and 1701 Santa Clara | 3/11/2020 | 2/11/2030 | 4.11000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.09135% | Actual/360 | ||
25.01 | 284 West Shaw Avenue | ||||||||||||
25.02 | 1701 Santa Clara Drive | ||||||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 11/6/2022 | 12/6/2022 | 11/6/2030 | 3.48800% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.46935% | Actual/360 | |
26.01 | Riverdale Portfolio | ||||||||||||
26.02 | 5450 South Indiana | ||||||||||||
26.03 | 6733 South Perry | ||||||||||||
26.04 | 6643 South Perry | ||||||||||||
27 | Alto 211 | 1/6/2021 | 12/6/2030 | 5.02500% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 5.00635% | Actual/360 | ||
28 | 170 North High Street | 1/6/2021 | 12/6/2030 | 4.56000% | 0.00215% | 0.01070% | 0.05250% | 0.00050% | 0.00030% | 4.49385% | Actual/360 | ||
29 | Holiday Inn Salina | 4/6/2020 | 3/6/2030 | 4.62000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.60135% | Actual/360 | ||
30 | Twilley Center | 3/6/2020 | 2/6/2030 | 4.35000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.33135% | Actual/360 | ||
31 | Tractor Supply Portfolio | 10/11/2030 | 10/11/2030 | 3.90800% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.88935% | Actual/360 | ||
31.01 | Tractor Supply Naples | ||||||||||||
31.02 | Tractor Supply Sarasota | ||||||||||||
32 | Radcliff Apartment Portfolio | 10/6/2022 | 11/6/2022 | 10/6/2030 | 3.85000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.83135% | Actual/360 | |
32.01 | Christopher Square Apartments | ||||||||||||
32.02 | Navaho Drive Apartments | ||||||||||||
32.03 | Woodland Drive Apartments | ||||||||||||
33 | Plaza Del Mar | 11/6/2030 | 11/6/2030 | 4.25000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.23135% | Actual/360 | ||
34 | National Self Storage - Dove Mountain | 10/11/2023 | 11/11/2023 | 10/11/2030 | 3.67300% | 0.00215% | 0.01070% | 0.06250% | 0.00050% | 0.00030% | 3.59685% | Actual/360 | |
35 | Clearfork MHC and Town & Country MHC Portfolio | 12/6/2021 | 1/6/2022 | 12/6/2025 | 5.29000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 5.27135% | Actual/360 | |
35.01 | Town & Country MHC | ||||||||||||
35.02 | Clearfork MHC | ||||||||||||
36 | Baltimore Station | 11/6/2030 | 11/6/2030 | 4.33000% | 0.00215% | 0.01070% | 0.05250% | 0.00050% | 0.00030% | 4.26385% | Actual/360 | ||
37 | 866 UN Plaza | 11/6/2030 | 11/6/2030 | 3.60000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.58135% | Actual/360 | ||
38 | Tree Garden Business Park | 12/6/2020 | 11/6/2030 | 4.01000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.99135% | Actual/360 | ||
39 | 126 N Jefferson | 10/6/2030 | 10/6/2030 | 3.25900% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.24035% | Actual/360 | ||
40 | Golden Cove MHC | 11/6/2023 | 12/6/2023 | 11/6/2030 | 4.16000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.14135% | Actual/360 | |
41 | The Meadows and Westwood II & III Apartments | 12/6/2020 | 11/6/2030 | 4.21000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.19135% | Actual/360 | ||
41.01 | Westwood Apartments II & III | ||||||||||||
41.02 | The Meadows Apartments | ||||||||||||
42 | Fabric Lofts Apartments | 12/6/2023 | 1/6/2024 | 12/6/2030 | 4.20000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.18135% | Actual/360 | |
43 | Jefferson Square Plaza | 12/6/2020 | 11/6/2030 | 4.09000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.07135% | Actual/360 | ||
44 | Satterfield Marketplace | 11/6/2030 | 11/6/2030 | 4.43000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.41135% | Actual/360 | ||
45 | 5555 West Loop Office | 12/6/2020 | 11/6/2030 | 4.89000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 4.87135% | Actual/360 | ||
46 | 1226 E. 7th Street | 12/6/2030 | 12/6/2030 | 3.70000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.68135% | Actual/360 | ||
47 | 1047 E. 7th Street | 12/6/2030 | 12/6/2030 | 3.70000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.68135% | Actual/360 | ||
48 | 409-413 E. 7th Street | 12/6/2030 | 12/6/2030 | 3.70000% | 0.00215% | 0.01070% | 0.00500% | 0.00050% | 0.00030% | 3.68135% | Actual/360 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Monthly P&I Payment ($) | 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 |
1 | McClellan Park | 192,910.10 | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24),YM or D(89),O(7) |
2 | MGM Grand & Mandalay Bay | 135,278.13 | Interest-only, ARD | Actual/360 | 120 | 111 | 120 | 111 | 0 | 0 | 9 | GRTR 0.5% or YM(33),GRTR 0.5% or YM or D(80),O(7) |
2.01 | MGM Grand | |||||||||||
2.02 | Mandalay Bay | |||||||||||
3 | Pacific Gateway II | 181,024.61 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),D(90),O(4) |
4 | CoLinx Distribution Center | 179,928.37 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
5 | The Arboretum | 154,404.51 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | |
6 | HPE Campus | 80,068.33 | Interest-only, Balloon | Actual/360 | 120 | 111 | 120 | 111 | 0 | 0 | 9 | L(33),D(83),O(4) |
7 | Alto Pomona | 122,528.20 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 107 | 24 | 11 | 360 | 360 | 13 | L(37),D(79),O(4) |
8 | Palmetto Plaza | 105,281.63 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 112 | 60 | 52 | 360 | 360 | 8 | L(32),D(81),O(7) |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 90,070.93 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 18 | 17 | 360 | 360 | 1 | L(25),D(91),O(4) |
9.01 | The Douglass Apartments | |||||||||||
9.02 | 7748 South Essex Apartments | |||||||||||
9.03 | 7635 South East End Apartments | |||||||||||
9.04 | 7625 South East End Apartments | |||||||||||
9.05 | 7800 South Sangamon Apartments | |||||||||||
9.06 | 8056 South Marshfield Apartments | |||||||||||
9.07 | South Shore Courtyard | |||||||||||
10 | Sullyfield Commerce Center I & II | 50,947.92 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(90),O(5) |
11 | 10725 North De Anza Boulevard | 55,797.69 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) |
12 | Bel Villaggio | 48,750.51 | Interest-only, Balloon | Actual/360 | 120 | 110 | 120 | 110 | 0 | 0 | 10 | L(23),GRTR 1% or YM(93),O(4) |
13 | Home Depot - Gardena | 41,449.05 | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(89),O(4) |
14 | Stone & Montague Portfolio | 56,967.88 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) |
14.01 | 6 Stone Street | |||||||||||
14.02 | 162 Montague Street | |||||||||||
14.03 | 155 Montague Street | |||||||||||
15 | 120 Wall Street | 40,568.23 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | YM(26),YM or D(90),O(4) |
16 | One Stockton | 51,201.39 | Interest-only, Balloon | Actual/360 | 120 | 108 | 120 | 108 | 0 | 0 | 12 | L(36),D(80),O(4) |
17 | Summerfield Apartments | 42,143.98 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) |
18 | Commerce Corporate Center | 70,907.49 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
19 | Courtyard Marriott Solana Beach | 65,923.58 | Amortizing Balloon | 120 | 111 | 0 | 0 | 360 | 351 | 9 | L(33),D(83),O(4) | |
20 | 100 Brandywine Boulevard | 64,890.52 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 120 | 12 | 12 | 360 | 360 | 0 | L(24),D(91),O(5) |
21 | West River Flats | 70,158.05 | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),GRTR 1% or YM(92),O(4) | |
22 | 37 East 28th Street | 49,314.03 | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(91),O(5) |
23 | Centre Point | 65,337.27 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
24 | Hyde Park Multifamily Portfolio | 35,272.98 | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) |
24.01 | 1101 East Hyde Park Boulevard | |||||||||||
24.02 | 1440 East 52nd Street | |||||||||||
24.03 | 5557 South University Avenue | |||||||||||
24.04 | 1154 East 56th Street | |||||||||||
24.05 | 5429 South Woodlawn Avenue | |||||||||||
25 | 284 West Shaw and 1701 Santa Clara | 51,280.54 | Amortizing Balloon | 120 | 110 | 0 | 0 | 360 | 350 | 10 | L(34),D(82),O(4) | |
25.01 | 284 West Shaw Avenue | |||||||||||
25.02 | 1701 Santa Clara Drive | |||||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 41,698.88 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) |
26.01 | Riverdale Portfolio | |||||||||||
26.02 | 5450 South Indiana | |||||||||||
26.03 | 6733 South Perry | |||||||||||
26.04 | 6643 South Perry | |||||||||||
27 | Alto 211 | 49,797.43 | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(93),O(3) | |
28 | 170 North High Street | 46,943.61 | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(91),O(5) | |
29 | Holiday Inn Salina | 47,787.15 | Amortizing Balloon | 120 | 111 | 0 | 0 | 360 | 351 | 9 | L(33),D(83),O(4) | |
30 | Twilley Center | 46,296.50 | Amortizing Balloon | 120 | 110 | 0 | 0 | 360 | 350 | 10 | L(34),D(79),O(7) | |
31 | Tractor Supply Portfolio | 25,919.90 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),GRTR 1% or YM(87),O(7) |
31.01 | Tractor Supply Naples | |||||||||||
31.02 | Tractor Supply Sarasota | |||||||||||
32 | Radcliff Apartment Portfolio | 33,988.60 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),D(90),O(4) |
32.01 | Christopher Square Apartments | |||||||||||
32.02 | Navaho Drive Apartments | |||||||||||
32.03 | Woodland Drive Apartments | |||||||||||
33 | Plaza Del Mar | 25,136.00 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) |
34 | National Self Storage - Dove Mountain | 32,113.00 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 | 360 | 2 | L(26),D(90),O(4) |
35 | Clearfork MHC and Town & Country MHC Portfolio | 36,259.68 | Interest-only, Amortizing Balloon | Actual/360 | 60 | 60 | 12 | 12 | 360 | 360 | 0 | L(24),D(31),O(5) |
35.01 | Town & Country MHC | |||||||||||
35.02 | Clearfork MHC | |||||||||||
36 | Baltimore Station | 23,779.92 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),GRTR 1% or YM(91),O(4) |
37 | 866 UN Plaza | 19,010.42 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) |
38 | Tree Garden Business Park | 28,966.31 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
39 | 126 N Jefferson | 16,356.11 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) |
40 | Golden Cove MHC | 28,227.75 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) |
41 | The Meadows and Westwood II & III Apartments | 26,438.45 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
41.01 | Westwood Apartments II & III | |||||||||||
41.02 | The Meadows Apartments | |||||||||||
42 | Fabric Lofts Apartments | 22,983.81 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 120 | 36 | 36 | 360 | 360 | 0 | L(24),D(92),O(4) |
43 | Jefferson Square Plaza | 20,269.97 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
44 | Satterfield Marketplace | 14,971.76 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) |
45 | 5555 West Loop Office | 18,554.17 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
46 | 1226 E. 7th Street | 7,784.13 | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) |
47 | 1047 E. 7th Street | 7,096.38 | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) |
48 | 409-413 E. 7th Street | 4,814.28 | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(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 ($)(3) | 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) | U/W NCF DSCR (x) | Cut-off Date LTV Ratio(3) | LTV Ratio at Maturity or ARD(3) |
1 | McClellan Park | 0 | 0 | 595,000,000 | 9/15/2020 | 3.13 | 2.90 | 60.2% | 60.2% | ||||||||
2 | MGM Grand & Mandalay Bay | 0 | 0 | 4,600,000,000 | 1/10/2020 | 4.95 | 4.95 | 35.5% | 35.5% | ||||||||
2.01 | MGM Grand | 2,505,000,000 | 1/10/2020 | ||||||||||||||
2.02 | Mandalay Bay | 2,095,000,000 | 1/10/2020 | ||||||||||||||
3 | Pacific Gateway II | 0 | 0 | 55,700,000 | 7/23/2020 | 1.96 | 1.79 | 70.6% | 58.9% | ||||||||
4 | CoLinx Distribution Center | 0 | 0 | 56,500,000 | 9/11/2020 | 1.62 | 1.41 | 65.0% | 52.1% | ||||||||
5 | The Arboretum | 0 | 5 | 170,000,000 | 8/8/2020 | 1.81 | 1.70 | 58.6% | 45.6% | ||||||||
6 | HPE Campus | 0 | 5 | 103,000,000 | 1/23/2020 | 2.75 | 2.71 | 64.8% | 64.8% | ||||||||
7 | Alto Pomona | 0 | 0 | 34,900,000 | 10/1/2021 | 1.39 | 1.28 | 67.7% | 58.1% | ||||||||
8 | Palmetto Plaza | 0 | 5 | 35,200,000 | 1/21/2020 | 1.74 | 1.66 | 64.3% | 58.2% | ||||||||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 0 | 5 | 27,300,000 | 8/18/2020 | 2.13 | 2.05 | 75.0% | 61.0% | ||||||||
9.01 | The Douglass Apartments | 15,400,000 | 8/18/2020 | ||||||||||||||
9.02 | 7748 South Essex Apartments | 2,700,000 | 8/18/2020 | ||||||||||||||
9.03 | 7635 South East End Apartments | 2,150,000 | 8/18/2020 | ||||||||||||||
9.04 | 7625 South East End Apartments | 2,150,000 | 8/18/2020 | ||||||||||||||
9.05 | 7800 South Sangamon Apartments | 1,950,000 | 8/18/2020 | ||||||||||||||
9.06 | 8056 South Marshfield Apartments | 1,500,000 | 8/18/2020 | ||||||||||||||
9.07 | South Shore Courtyard | 1,450,000 | 8/18/2020 | ||||||||||||||
10 | Sullyfield Commerce Center I & II | 0 | 0 | 45,000,000 | 10/1/2020 | 5.06 | 4.72 | 44.4% | 44.4% | ||||||||
11 | 10725 North De Anza Boulevard | 0 | 0 | 38,900,000 | 8/20/2020 | 2.49 | 2.38 | 51.4% | 51.4% | ||||||||
12 | Bel Villaggio | 0 | 5 | 26,400,000 | 11/15/2019 | 2.90 | 2.65 | 61.2% | 61.2% | ||||||||
13 | Home Depot - Gardena | 0 | 0 | 38,900,000 | 7/22/2020 | 3.74 | 3.50 | 39.8% | 39.8% | ||||||||
14 | Stone & Montague Portfolio | 0 | 0 | 24,600,000 | 10/1/2020 | 1.90 | 1.87 | 63.0% | 63.0% | ||||||||
14.01 | 6 Stone Street | 10,600,000 | 10/1/2020 | ||||||||||||||
14.02 | 162 Montague Street | 8,300,000 | 10/1/2020 | ||||||||||||||
14.03 | 155 Montague Street | 5,700,000 | 10/1/2020 | ||||||||||||||
15 | 120 Wall Street | 0 | 0 | 285,000,000 | 8/25/2020 | 2.88 | 2.74 | 57.9% | 57.9% | ||||||||
16 | One Stockton | 0 | 0 | 111,000,000 | 10/21/2019 | 1.85 | 1.79 | 59.5% | 59.5% | ||||||||
17 | Summerfield Apartments | 0 | 0 | 26,400,000 | 9/17/2020 | 2.93 | 2.82 | 54.9% | 54.9% | ||||||||
18 | Commerce Corporate Center | 0 | 0 | 22,100,000 | 9/1/2020 | 2.06 | 1.73 | 65.5% | 52.5% | ||||||||
19 | Courtyard Marriott Solana Beach | 0 | 0 | 38,300,000 | 1/3/2020 | 2.31 | 2.11 | 67.0% | 53.1% | ||||||||
20 | 100 Brandywine Boulevard | 0 | 0 | 21,050,000 | 10/1/2020 | 2.00 | 1.89 | 67.6% | 54.6% | ||||||||
21 | West River Flats | 0 | 0 | 22,300,000 | 10/7/2020 | 1.35 | 1.31 | 63.0% | 50.7% | ||||||||
22 | 37 East 28th Street | 0 | 0 | 31,000,000 | 10/1/2020 | 2.23 | 2.14 | 41.5% | 41.5% | ||||||||
23 | Centre Point | 0 | 0 | 20,190,000 | 8/10/2020 | 1.65 | 1.51 | 65.5% | 52.6% | ||||||||
24 | Hyde Park Multifamily Portfolio | 0 | 0 | 21,970,000 | 10/20/2020 | 2.51 | 2.44 | 53.5% | 53.5% | ||||||||
24.01 | 1101 East Hyde Park Boulevard | 9,900,000 | 10/20/2020 | ||||||||||||||
24.02 | 1440 East 52nd Street | 5,100,000 | 10/20/2020 | ||||||||||||||
24.03 | 5557 South University Avenue | 2,990,000 | 10/20/2020 | ||||||||||||||
24.04 | 1154 East 56th Street | 2,880,000 | 10/20/2020 | ||||||||||||||
24.05 | 5429 South Woodlawn Avenue | 1,100,000 | 10/20/2020 | ||||||||||||||
25 | 284 West Shaw and 1701 Santa Clara | 0 | 0 | 14,690,000 | Various | 1.57 | 1.51 | 71.2% | 57.5% | ||||||||
25.01 | 284 West Shaw Avenue | 8,400,000 | 11/20/2019 | ||||||||||||||
25.02 | 1701 Santa Clara Drive | 6,290,000 | 11/19/2019 | ||||||||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 0 | 5 | 12,830,000 | 10/1/2020 | 2.07 | 1.95 | 72.5% | 60.2% | ||||||||
26.01 | Riverdale Portfolio | 8,100,000 | 10/1/2020 | ||||||||||||||
26.02 | 5450 South Indiana | 2,750,000 | 10/1/2020 | ||||||||||||||
26.03 | 6733 South Perry | 1,100,000 | 10/1/2020 | ||||||||||||||
26.04 | 6643 South Perry | 880,000 | 10/1/2020 | ||||||||||||||
27 | Alto 211 | 0 | 0 | 14,410,000 | 9/22/2020 | 1.92 | 1.72 | 64.2% | 52.8% | ||||||||
28 | 170 North High Street | 0 | 0 | 13,900,000 | 7/10/2020 | 1.96 | 1.46 | 66.2% | 53.6% | ||||||||
29 | Holiday Inn Salina | 0 | 0 | 14,500,000 | 10/4/2019 | 2.09 | 1.85 | 63.4% | 52.1% | ||||||||
30 | Twilley Center | 0 | 0 | 14,600,000 | 12/9/2019 | 1.90 | 1.67 | 62.9% | 51.2% | ||||||||
31 | Tractor Supply Portfolio | 0 | 0 | 13,200,000 | 7/23/2020 | 2.12 | 2.05 | 59.5% | 59.5% | ||||||||
31.01 | Tractor Supply Naples | 8,150,000 | 7/23/2020 | ||||||||||||||
31.02 | Tractor Supply Sarasota | 5,050,000 | 7/23/2020 | ||||||||||||||
32 | Radcliff Apartment Portfolio | 0 | 0 | 10,450,000 | 9/11/2020 | 1.92 | 1.76 | 69.4% | 58.2% | ||||||||
32.01 | Christopher Square Apartments | 7,500,000 | 9/11/2020 | ||||||||||||||
32.02 | Navaho Drive Apartments | 1,500,000 | 9/11/2020 | ||||||||||||||
32.03 | Woodland Drive Apartments | 1,450,000 | 9/11/2020 | ||||||||||||||
33 | Plaza Del Mar | 0 | 0 | 14,250,000 | 8/20/2020 | 2.84 | 2.63 | 49.1% | 49.1% | ||||||||
34 | National Self Storage - Dove Mountain | 0 | 0 | 11,100,000 | 8/28/2020 | 1.69 | 1.67 | 63.1% | 54.1% | ||||||||
35 | Clearfork MHC and Town & Country MHC Portfolio | 0 | 0 | 9,260,000 | Various | 1.72 | 1.68 | 70.6% | 66.5% | ||||||||
35.01 | Town & Country MHC | 5,390,000 | 10/10/2020 | ||||||||||||||
35.02 | Clearfork MHC | 3,870,000 | 9/23/2020 | ||||||||||||||
36 | Baltimore Station | 0 | 0 | 10,090,000 | 4/17/2020 | 1.90 | 1.87 | 64.4% | 64.4% | ||||||||
37 | 866 UN Plaza | 0 | 0 | 9,700,000 | 10/1/2020 | 2.58 | 2.23 | 64.4% | 64.4% | ||||||||
38 | Tree Garden Business Park | 0 | 0 | 12,000,000 | 9/25/2020 | 1.83 | 1.72 | 50.4% | 40.1% | ||||||||
39 | 126 N Jefferson | 0 | 0 | 9,900,000 | 9/1/2020 | 3.92 | 3.27 | 60.0% | 60.0% | ||||||||
40 | Golden Cove MHC | 0 | 0 | 8,300,000 | 9/26/2020 | 1.46 | 1.44 | 69.9% | 60.7% | ||||||||
41 | The Meadows and Westwood II & III Apartments | 0 | 0 | 8,700,000 | 9/14/2020 | 1.60 | 1.50 | 62.0% | 49.7% | ||||||||
41.01 | Westwood Apartments II & III | 6,250,000 | 9/14/2020 | ||||||||||||||
41.02 | The Meadows Apartments | 2,450,000 | 9/14/2020 | ||||||||||||||
42 | Fabric Lofts Apartments | 0 | 0 | 7,400,000 | 10/12/2020 | 1.41 | 1.38 | 63.5% | 55.2% | ||||||||
43 | Jefferson Square Plaza | 0 | 0 | 6,400,000 | 8/18/2020 | 2.13 | 1.96 | 65.5% | 52.3% | ||||||||
44 | Satterfield Marketplace | 0 | 0 | 7,100,000 | 8/28/2020 | 2.33 | 2.22 | 56.3% | 56.3% | ||||||||
45 | 5555 West Loop Office | 0 | 0 | 5,000,000 | 8/25/2020 | 2.10 | 1.91 | 69.9% | 57.3% | ||||||||
46 | 1226 E. 7th Street | 0 | 0 | 4,830,000 | 9/9/2020 | 2.41 | 2.36 | 51.6% | 51.6% | ||||||||
47 | 1047 E. 7th Street | 0 | 0 | 4,360,000 | 9/9/2020 | 2.37 | 2.33 | 52.1% | 52.1% | ||||||||
48 | 409-413 E. 7th Street | 0 | 0 | 3,400,000 | 9/9/2020 | 2.37 | 2.30 | 45.3% | 45.3% |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Cut-off Date U/W NOI Debt Yield | Cut-off Date U/W NCF Debt Yield | U/W Revenues ($)(2) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate(3)(4)(6) | Occupancy as-of Date | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period | Most Recent Revenues ($) |
1 | McClellan Park | 10.5% | 9.7% | 52,666,380 | 15,037,967 | 37,628,413 | 1,038,823 | 1,731,371 | 34,858,219 | 86.8% | 9/15/2020 | TTM 9/30/2020 | 46,135,523 | ||
2 | MGM Grand & Mandalay Bay | 17.9% | 17.9% | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 32,774,592 | 0 | 487,305,761 | 87.5% | 6/30/2020 | 197 | 181 | TTM 6/30/2020 | 1,542,534,742 |
2.01 | MGM Grand | 1,161,850,748 | 879,242,083 | 282,608,665 | 16,011,953 | 0 | 266,596,712 | 83.9% | 6/30/2020 | 190 | 174 | TTM 6/30/2020 | 874,139,277 | ||
2.02 | Mandalay Bay | 944,444,740 | 706,973,052 | 237,471,688 | 16,762,639 | 0 | 220,709,049 | 91.7% | 6/30/2020 | 203 | 188 | TTM 6/30/2020 | 668,395,465 | ||
3 | Pacific Gateway II | 10.8% | 9.9% | 6,745,687 | 2,485,857 | 4,259,830 | 47,411 | 317,558 | 3,894,861 | 85.4% | 10/5/2020 | TTM 6/30/2020 | 4,695,964 | ||
4 | CoLinx Distribution Center | 9.5% | 8.3% | 4,111,585 | 616,238 | 3,495,347 | 180,035 | 270,053 | 3,045,259 | 100.0% | 12/1/2020 | TTM 8/31/2020 | 4,231,490 | ||
5 | The Arboretum | 9.6% | 9.1% | 13,348,804 | 3,759,022 | 9,589,782 | 211,247 | 355,912 | 9,022,624 | 91.9% | 9/11/2020 | TTM 8/31/2020 | 13,402,026 | ||
6 | HPE Campus | 9.9% | 9.7% | 9,694,440 | 3,104,706 | 6,589,734 | 89,473 | 0 | 6,500,261 | 100.0% | 11/1/2020 | NAV | NAV | ||
7 | Alto Pomona | 8.6% | 8.0% | 2,102,671 | 63,080 | 2,039,591 | 46,111 | 115,278 | 1,878,201 | 100.0% | 12/1/2020 | NAV | NAV | ||
8 | Palmetto Plaza | 9.7% | 9.2% | 2,995,067 | 795,545 | 2,199,522 | 26,255 | 82,052 | 2,091,215 | 90.5% | 8/31/2020 | Annualized 4 7/31/2020 | 3,030,972 | ||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 11.2% | 10.8% | 4,049,704 | 1,752,083 | 2,297,621 | 82,000 | 0 | 2,215,621 | 94.8% | 11/10/2020 | Annualized 1 10/31/2020 | 4,165,269 | ||
9.01 | The Douglass Apartments | 2,339,660 | 1,121,790 | 1,217,870 | 47,000 | 0 | 1,170,870 | 94.1% | 11/10/2020 | Annualized 1 10/31/2020 | 2,380,878 | ||||
9.02 | 7748 South Essex Apartments | 377,640 | 141,871 | 235,769 | 8,000 | 0 | 227,769 | 96.9% | 11/10/2020 | Annualized 1 10/31/2020 | 377,640 | ||||
9.03 | 7635 South East End Apartments | 316,340 | 122,381 | 193,959 | 6,500 | 0 | 187,459 | 96.2% | 11/10/2020 | Annualized 1 10/31/2020 | 328,587 | ||||
9.04 | 7625 South East End Apartments | 306,468 | 118,982 | 187,486 | 6,250 | 0 | 181,236 | 92.0% | 11/10/2020 | Annualized 1 10/31/2020 | 306,468 | ||||
9.05 | 7800 South Sangamon Apartments | 285,147 | 102,348 | 182,799 | 5,250 | 0 | 177,549 | 100.0% | 11/10/2020 | Annualized 1 10/31/2020 | 338,712 | ||||
9.06 | 8056 South Marshfield Apartments | 227,051 | 78,659 | 148,392 | 4,750 | 0 | 143,642 | 94.7% | 11/10/2020 | Annualized 1 10/31/2020 | 231,120 | ||||
9.07 | South Shore Courtyard | 197,397 | 66,052 | 131,346 | 4,250 | 0 | 127,096 | 94.1% | 11/10/2020 | Annualized 1 10/31/2020 | 201,864 | ||||
10 | Sullyfield Commerce Center I & II | 15.5% | 14.4% | 4,034,438 | 940,059 | 3,094,379 | 83,602 | 122,944 | 2,887,833 | 94.4% | 9/30/2020 | TTM 8/31/2020 | 3,247,823 | ||
11 | 10725 North De Anza Boulevard | 8.4% | 8.0% | 2,046,102 | 375,588 | 1,670,514 | 7,992 | 67,590 | 1,594,932 | 100.0% | 12/1/2020 | TTM 7/31/2020 | 1,693,432 | ||
12 | Bel Villaggio | 10.5% | 9.6% | 2,615,622 | 921,805 | 1,693,817 | 17,659 | 124,246 | 1,551,912 | 72.0% | 11/1/2020 | TTM 10/30/2020 | 1,883,287 | ||
13 | Home Depot - Gardena | 12.0% | 11.2% | 2,265,645 | 404,509 | 1,861,136 | 30,000 | 90,626 | 1,740,510 | 100.0% | 7/13/2020 | TTM 6/30/2020 | 2,198,121 | ||
14 | Stone & Montague Portfolio | 8.4% | 8.2% | 1,884,074 | 585,630 | 1,298,443 | 4,490 | 15,810 | 1,278,144 | 100.0% | 10/9/2020 | TTM 9/30/2020 | 1,239,569 | ||
14.01 | 6 Stone Street | 756,083 | 193,459 | 562,625 | 1,897 | 7,685 | 553,043 | 100.0% | 10/9/2020 | TTM 9/30/2020 | 480,842 | ||||
14.02 | 162 Montague Street | 656,495 | 217,007 | 439,488 | 1,169 | 4,305 | 434,014 | 100.0% | 10/9/2020 | TTM 9/30/2020 | 609,408 | ||||
14.03 | 155 Montague Street | 471,495 | 175,164 | 296,331 | 1,424 | 3,820 | 291,087 | 100.0% | 10/9/2020 | TTM 9/30/2020 | 149,319 | ||||
15 | 120 Wall Street | 9.3% | 8.9% | 28,608,590 | 13,183,745 | 15,424,845 | 100,241 | 668,276 | 14,656,328 | 95.1% | 8/31/2020 | TTM 7/31/2020 | 26,254,913 | ||
16 | One Stockton | 7.6% | 7.3% | 6,109,060 | 1,114,258 | 4,994,801 | 2,548 | 146,433 | 4,845,821 | 100.0% | 11/1/2020 | TTM 6/30/2020 | 6,465,235 | ||
17 | Summerfield Apartments | 10.2% | 9.8% | 2,783,770 | 1,300,261 | 1,483,509 | 56,000 | 0 | 1,427,509 | 96.0% | 10/31/2020 | TTM 10/31/2020 | 2,657,096 | ||
18 | Commerce Corporate Center | 12.1% | 10.2% | 3,029,242 | 1,273,291 | 1,755,951 | 41,013 | 244,126 | 1,470,812 | 72.2% | 10/13/2020 | TTM 8/31/2020 | 3,101,179 | ||
19 | Courtyard Marriott Solana Beach | 12.8% | 11.7% | 7,057,100 | 3,780,055 | 3,277,045 | 282,284 | 0 | 2,994,761 | 83.9% | 11/30/2019 | 174 | 146 | TTM 11/30/2019 | 7,057,100 |
20 | 100 Brandywine Boulevard | 11.0% | 10.4% | 2,432,719 | 872,084 | 1,560,635 | 26,509 | 59,588 | 1,474,538 | 76.3% | 11/1/2020 | TTM 10/31/2020 | 2,376,629 | ||
21 | West River Flats | 8.1% | 7.8% | 1,881,917 | 745,840 | 1,136,077 | 33,750 | 0 | 1,102,327 | 98.5% | 10/7/2020 | TTM 9/30/2020 | 1,772,784 | ||
22 | 37 East 28th Street | 9.9% | 9.5% | 2,295,800 | 1,022,444 | 1,273,356 | 8,819 | 44,093 | 1,220,444 | 81.9% | 9/1/2020 | TTM 8/31/2020 | 2,334,168 | ||
23 | Centre Point | 9.8% | 9.0% | 1,922,914 | 631,398 | 1,291,516 | 26,390 | 79,169 | 1,185,958 | 85.2% | 9/1/2020 | TTM 8/31/2020 | 1,612,304 | ||
24 | Hyde Park Multifamily Portfolio | 9.0% | 8.8% | 1,973,766 | 912,315 | 1,061,451 | 24,331 | 2,410 | 1,034,709 | 93.8% | Various | TTM 9/30/2020 | 1,975,699 | ||
24.01 | 1101 East Hyde Park Boulevard | 889,329 | 400,632 | 488,697 | 11,500 | 0 | 477,197 | 89.1% | 10/20/2020 | TTM 9/30/2020 | 889,329 | ||||
24.02 | 1440 East 52nd Street | 494,466 | 237,037 | 257,429 | 8,081 | 2,410 | 246,938 | 96.8% | 11/16/2020 | TTM 9/30/2020 | 494,466 | ||||
24.03 | 5557 South University Avenue | 246,435 | 106,630 | 139,805 | 1,750 | 0 | 138,055 | 100.0% | 11/16/2020 | TTM 9/30/2020 | 246,435 | ||||
24.04 | 1154 East 56th Street | 222,769 | 103,229 | 119,540 | 2,250 | 0 | 117,290 | 100.0% | 11/16/2020 | TTM 9/30/2020 | 222,580 | ||||
24.05 | 5429 South Woodlawn Avenue | 120,767 | 64,787 | 55,980 | 750 | 0 | 55,230 | 100.0% | 11/16/2020 | TTM 9/30/2020 | 122,889 | ||||
25 | 284 West Shaw and 1701 Santa Clara | 9.2% | 8.9% | 1,256,428 | 293,233 | 963,195 | 4,283 | 27,188 | 931,724 | 97.3% | Various | TTM 11/30/2019 | 985,646 | ||
25.01 | 284 West Shaw Avenue | 727,772 | 176,336 | 551,436 | 1,667 | 15,646 | 534,123 | 100.0% | 12/1/2020 | TTM 11/30/2019 | 695,340 | ||||
25.02 | 1701 Santa Clara Drive | 528,656 | 116,896 | 411,760 | 2,616 | 11,543 | 397,601 | 91.7% | 6/26/2020 | TTM 11/30/2019 | 290,307 | ||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 11.1% | 10.5% | 1,631,388 | 818,408 | 812,980 | 48,500 | 0 | 764,480 | 88.1% | 10/26/2020 | Annualized 1 9/30/2020 | 1,413,255 | ||
26.01 | Riverdale Portfolio | 1,100,710 | 585,433 | 515,277 | 34,500 | 0 | 480,777 | 85.5% | 10/26/2020 | Annualized 1 9/30/2020 | 853,227 | ||||
26.02 | 5450 South Indiana | 295,789 | 124,486 | 171,302 | 7,250 | 0 | 164,052 | 93.1% | 10/26/2020 | Annualized 1 9/30/2020 | 338,292 | ||||
26.03 | 6733 South Perry | 131,686 | 61,552 | 70,134 | 3,750 | 0 | 66,384 | 93.3% | 10/26/2020 | Annualized 1 9/30/2020 | 112,872 | ||||
26.04 | 6643 South Perry | 103,203 | 46,937 | 56,266 | 3,000 | 0 | 53,266 | 100.0% | 10/26/2020 | Annualized 1 9/30/2020 | 108,864 | ||||
27 | Alto 211 | 12.4% | 11.1% | 2,262,587 | 1,116,691 | 1,145,896 | 26,943 | 89,812 | 1,029,141 | 92.8% | 11/2/2020 | TTM 9/30/2020 | 1,313,869 | ||
28 | 170 North High Street | 12.0% | 8.9% | 1,662,913 | 557,007 | 1,105,906 | 15,346 | 268,559 | 822,002 | 92.9% | 9/22/2020 | TTM 7/31/2020 | 1,879,120 | ||
29 | Holiday Inn Salina | 13.0% | 11.5% | 3,489,519 | 2,290,184 | 1,199,335 | 139,581 | 0 | 1,059,754 | 50.0% | 9/30/2020 | 97 | 67 | TTM 9/30/2020 | 2,297,381 |
30 | Twilley Center | 11.5% | 10.1% | 1,485,078 | 429,406 | 1,055,672 | 28,353 | 97,950 | 929,369 | 91.6% | 6/18/2020 | TTM 9/30/2020 | 1,521,146 | ||
31 | Tractor Supply Portfolio | 8.4% | 8.1% | 771,298 | 111,351 | 659,947 | 9,984 | 12,963 | 637,000 | 100.0% | 12/1/2020 | TTM 6/30/2020 | 772,852 | ||
31.01 | Tractor Supply Naples | 478,025 | 66,091 | 411,934 | 7,481 | 7,335 | 397,118 | 100.0% | 12/1/2020 | TTM 6/30/2020 | 491,522 | ||||
31.02 | Tractor Supply Sarasota | 293,273 | 45,259 | 248,013 | 2,503 | 5,628 | 239,882 | 100.0% | 12/1/2020 | TTM 6/30/2020 | 281,330 | ||||
32 | Radcliff Apartment Portfolio | 10.8% | 9.9% | 1,454,885 | 671,661 | 783,224 | 65,700 | 0 | 717,524 | 95.0% | 9/29/2020 | TTM 8/31/2020 | 1,385,257 | ||
32.01 | Christopher Square Apartments | 1,120,803 | 537,427 | 583,376 | 48,900 | 0 | 534,476 | 98.2% | 9/29/2020 | TTM 8/31/2020 | 1,058,039 | ||||
32.02 | Navaho Drive Apartments | 149,218 | 59,576 | 89,642 | 7,200 | 0 | 82,442 | 79.2% | 9/29/2020 | TTM 8/31/2020 | 160,570 | ||||
32.03 | Woodland Drive Apartments | 184,864 | 74,657 | 110,207 | 9,600 | 0 | 100,607 | 90.6% | 9/29/2020 | TTM 8/31/2020 | 166,647 | ||||
33 | Plaza Del Mar | 12.2% | 11.4% | 1,291,486 | 434,697 | 856,789 | 4,813 | 57,456 | 794,519 | 93.9% | 10/15/2020 | TTM 9/30/2020 | 1,038,506 | ||
34 | National Self Storage - Dove Mountain | 9.3% | 9.2% | 977,382 | 326,812 | 650,570 | 6,304 | 0 | 644,266 | 97.5% | 9/16/2020 | TTM 8/31/2020 | 786,390 | ||
35 | Clearfork MHC and Town & Country MHC Portfolio | 11.4% | 11.2% | 1,123,455 | 376,842 | 746,613 | 15,950 | 0 | 730,663 | 79.6% | Various | TTM 9/30/2020 | 1,038,217 | ||
35.01 | Town & Country MHC | 655,100 | 231,017 | 424,084 | 6,850 | 0 | 417,234 | 92.0% | 10/7/2020 | TTM 9/30/2020 | 596,591 | ||||
35.02 | Clearfork MHC | 468,355 | 145,825 | 322,530 | 9,100 | 0 | 313,430 | 70.3% | 9/28/2020 | TTM 9/30/2020 | 441,626 | ||||
36 | Baltimore Station | 8.3% | 8.2% | 705,295 | 163,919 | 541,377 | 6,879 | 0 | 534,497 | 94.8% | 10/19/2020 | TTM 8/31/2020 | 447,347 | ||
37 | 866 UN Plaza | 9.4% | 8.2% | 997,409 | 409,713 | 587,696 | 0 | 78,008 | 509,687 | 100.0% | 12/1/2020 | NAV | NAV | ||
38 | Tree Garden Business Park | 10.5% | 9.9% | 980,900 | 344,036 | 636,865 | 10,905 | 26,450 | 599,509 | 100.0% | 9/29/2020 | TTM 9/30/2020 | 965,715 | ||
39 | 126 N Jefferson | 12.9% | 10.8% | 1,212,273 | 443,680 | 768,593 | 13,586 | 112,649 | 642,358 | 92.3% | 9/11/2020 | TTM 8/31/2020 | 1,066,359 | ||
40 | Golden Cove MHC | 8.5% | 8.4% | 685,315 | 192,269 | 493,046 | 5,500 | 0 | 487,546 | 96.4% | 9/30/2020 | TTM 8/31/2020 | 696,601 | ||
41 | The Meadows and Westwood II & III Apartments | 9.4% | 8.8% | 967,734 | 459,988 | 507,746 | 31,000 | 0 | 476,746 | 96.8% | 9/15/2020 | TTM 8/31/2020 | 864,134 | ||
41.01 | Westwood Apartments II & III | 691,408 | 333,060 | 358,348 | 23,000 | 0 | 335,348 | 96.7% | 9/15/2020 | TTM 8/31/2020 | 638,181 | ||||
41.02 | The Meadows Apartments | 276,326 | 126,928 | 149,398 | 8,000 | 0 | 141,398 | 96.9% | 9/15/2020 | TTM 8/31/2020 | 225,953 | ||||
42 | Fabric Lofts Apartments | 8.2% | 8.1% | 456,147 | 68,455 | 387,692 | 2,519 | 3,459 | 381,714 | 100.0% | 11/1/2020 | TTM 9/30/2020 | 452,594 | ||
43 | Jefferson Square Plaza | 12.3% | 11.4% | 913,644 | 395,945 | 517,699 | 7,950 | 32,427 | 477,323 | 100.0% | 9/23/2020 | TTM 8/31/2020 | 825,258 | ||
44 | Satterfield Marketplace | 10.5% | 10.0% | 506,987 | 87,994 | 418,994 | 1,838 | 18,581 | 398,576 | 100.0% | 10/7/2020 | Annualized 8 8/31/2020 | 347,452 | ||
45 | 5555 West Loop Office | 13.4% | 12.1% | 885,194 | 418,298 | 466,896 | 8,083 | 34,630 | 424,183 | 89.2% | 10/12/2020 | TTM 8/31/2020 | 838,815 | ||
46 | 1226 E. 7th Street | 9.0% | 8.8% | 314,460 | 89,259 | 225,201 | 5,000 | 0 | 220,201 | 100.0% | 9/1/2020 | TTM 8/31/2020 | 331,250 | ||
47 | 1047 E. 7th Street | 8.9% | 8.7% | 287,078 | 85,190 | 201,888 | 3,750 | 0 | 198,138 | 93.3% | 9/1/2020 | TTM 8/31/2020 | 300,249 | ||
48 | 409-413 E. 7th Street | 8.9% | 8.6% | 194,352 | 57,411 | 136,941 | 4,000 | 0 | 132,941 | 81.3% | 9/1/2020 | TTM 8/31/2020 | 205,600 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period | Second Most Recent Revenues ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period | Third Most Recent Revenues ($) | Third Most Recent Expenses ($) |
1 | McClellan Park | 16,541,707 | 29,593,816 | Actual 2019 | 42,772,659 | 15,192,749 | 27,579,910 | Actual 2018 | 39,655,018 | 14,730,525 | ||||
2 | MGM Grand & Mandalay Bay | 1,161,377,839 | 381,156,903 | 197 | 173 | Actual 2019 | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 197 | 181 | Actual 2018 | 2,191,540,530 | 1,574,171,264 |
2.01 | MGM Grand | 653,818,258 | 220,321,020 | 192 | 161 | Actual 2019 | 1,161,850,748 | 879,242,083 | 282,608,665 | 190 | 174 | Actual 2018 | 1,226,105,346 | 854,539,115 |
2.02 | Mandalay Bay | 507,559,582 | 160,835,883 | 203 | 186 | Actual 2019 | 944,444,740 | 706,973,052 | 237,471,688 | 203 | 188 | Actual 2018 | 965,435,184 | 719,632,149 |
3 | Pacific Gateway II | 2,774,436 | 1,921,528 | Actual 2019 | 3,706,796 | 2,724,474 | 982,322 | Actual 2018 | 2,766,312 | 2,009,641 | ||||
4 | CoLinx Distribution Center | 519,744 | 3,711,746 | Actual 2019 | 4,202,788 | 491,930 | 3,710,858 | Actual 2018 | 4,097,270 | 510,485 | ||||
5 | The Arboretum | 3,593,488 | 9,808,538 | Actual 2019 | 14,261,611 | 3,734,656 | 10,526,955 | Actual 2018 | 14,303,223 | 3,580,319 | ||||
6 | HPE Campus | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
7 | Alto Pomona | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
8 | Palmetto Plaza | 780,747 | 2,250,224 | Actual 2019 | 3,157,764 | 780,645 | 2,377,120 | Actual 2018 | 3,013,860 | 751,171 | ||||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 1,404,688 | 2,760,581 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.01 | The Douglass Apartments | 1,020,222 | 1,360,656 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.02 | 7748 South Essex Apartments | 95,016 | 282,624 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.03 | 7635 South East End Apartments | 58,733 | 269,854 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.04 | 7625 South East End Apartments | 87,357 | 219,111 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.05 | 7800 South Sangamon Apartments | 58,742 | 279,969 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.06 | 8056 South Marshfield Apartments | 52,946 | 178,174 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
9.07 | South Shore Courtyard | 31,671 | 170,193 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
10 | Sullyfield Commerce Center I & II | 712,847 | 2,534,977 | Actual 2019 | 3,157,437 | 935,233 | 2,222,204 | Actual 2018 | 3,618,907 | 848,561 | ||||
11 | 10725 North De Anza Boulevard | 67,478 | 1,625,954 | Actual 2019 | 1,627,579 | 66,403 | 1,561,176 | Actual 2018 | 1,576,757 | 64,690 | ||||
12 | Bel Villaggio | 696,516 | 1,186,772 | TTM 10/31/2019 | 2,366,317 | 873,486 | 1,492,831 | Actual 2018 | 2,182,212 | 825,032 | ||||
13 | Home Depot - Gardena | 371,086 | 1,827,036 | Actual 2019 | 2,024,350 | 362,739 | 1,661,611 | Actual 2018 | 2,014,727 | 358,065 | ||||
14 | Stone & Montague Portfolio | 549,363 | 690,206 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
14.01 | 6 Stone Street | 167,488 | 313,354 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
14.02 | 162 Montague Street | 226,976 | 382,432 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
14.03 | 155 Montague Street | 154,899 | -5,580 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
15 | 120 Wall Street | 13,064,624 | 13,190,289 | Actual 2019 | 26,193,303 | 13,240,969 | 12,952,334 | Actual 2018 | 23,299,486 | 13,252,949 | ||||
16 | One Stockton | 939,112 | 5,526,123 | TTM 10/31/2019 | 5,850,129 | 919,775 | 4,930,354 | Actual 2018 | 5,806,891 | 895,766 | ||||
17 | Summerfield Apartments | 1,238,047 | 1,419,050 | Actual 2019 | 2,545,280 | 1,192,132 | 1,353,148 | Actual 2018 | 2,459,122 | 1,115,773 | ||||
18 | Commerce Corporate Center | 1,257,993 | 1,843,186 | Annualized 8 12/31/2019 | 3,131,546 | 1,303,515 | 1,828,031 | Annualized 11 11/30/2018 | 3,107,150 | 1,671,139 | ||||
19 | Courtyard Marriott Solana Beach | 3,602,493 | 3,454,607 | 174 | 146 | Actual 2018 | 7,040,861 | 3,698,255 | 3,342,606 | 174 | 145 | Actual 2017 | 6,594,807 | 3,553,200 |
20 | 100 Brandywine Boulevard | 742,503 | 1,634,126 | Actual 2019 | 2,542,840 | 826,914 | 1,715,926 | Actual 2018 | 2,512,955 | 856,391 | ||||
21 | West River Flats | 481,188 | 1,291,596 | Actual 2019 | 1,651,433 | 520,438 | 1,130,995 | Actual 2018 | 1,488,037 | 558,338 | ||||
22 | 37 East 28th Street | 1,021,017 | 1,313,151 | Actual 2019 | 2,507,849 | 1,052,908 | 1,454,941 | Actual 2018 | 2,422,861 | 1,123,741 | ||||
23 | Centre Point | 595,197 | 1,017,107 | Actual 2019 | 1,432,800 | 566,608 | 866,192 | Actual 2018 | 1,368,476 | 555,121 | ||||
24 | Hyde Park Multifamily Portfolio | 908,519 | 1,067,180 | Actual 2019 | 1,901,189 | 864,038 | 1,037,151 | Actual 2018 | 1,775,768 | 819,442 | ||||
24.01 | 1101 East Hyde Park Boulevard | 398,860 | 490,469 | Actual 2019 | 821,365 | 373,477 | 447,888 | Actual 2018 | 788,836 | 365,365 | ||||
24.02 | 1440 East 52nd Street | 235,806 | 258,660 | Actual 2019 | 469,096 | 221,951 | 247,145 | Actual 2018 | 432,346 | 209,157 | ||||
24.03 | 5557 South University Avenue | 106,457 | 139,978 | Actual 2019 | 248,948 | 96,600 | 152,348 | Actual 2018 | 223,756 | 87,574 | ||||
24.04 | 1154 East 56th Street | 102,846 | 119,734 | Actual 2019 | 243,753 | 109,050 | 134,703 | Actual 2018 | 233,819 | 101,196 | ||||
24.05 | 5429 South Woodlawn Avenue | 64,550 | 58,339 | Actual 2019 | 118,027 | 62,960 | 55,067 | Actual 2018 | 97,011 | 56,150 | ||||
25 | 284 West Shaw and 1701 Santa Clara | 228,608 | 757,038 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
25.01 | 284 West Shaw Avenue | 141,837 | 553,503 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
25.02 | 1701 Santa Clara Drive | 86,771 | 203,535 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 708,949 | 704,306 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26.01 | Riverdale Portfolio | 469,596 | 383,631 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26.02 | 5450 South Indiana | 139,710 | 198,582 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26.03 | 6733 South Perry | 55,300 | 57,572 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26.04 | 6643 South Perry | 44,342 | 64,522 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
27 | Alto 211 | 1,112,331 | 201,537 | Actual 2019 | 1,279,193 | 1,054,552 | 224,641 | Actual 2018 | 1,263,258 | 1,006,872 | ||||
28 | 170 North High Street | 512,491 | 1,366,629 | Actual 2019 | 1,694,000 | 554,061 | 1,139,939 | Actual 2018 | 1,786,586 | 650,659 | ||||
29 | Holiday Inn Salina | 1,973,454 | 323,927 | 89 | 45 | Actual 2019 | 3,489,519 | 2,275,311 | 1,214,208 | 97 | 67 | Actual 2018 | 3,764,181 | 2,373,445 |
30 | Twilley Center | 233,209 | 1,287,938 | Actual 2019 | 1,496,293 | 367,834 | 1,128,460 | Actual 2018 | 1,387,272 | 339,836 | ||||
31 | Tractor Supply Portfolio | 95,046 | 677,806 | Actual 2019 | 870,428 | 82,577 | 787,851 | Actual 2018 | 857,173 | 77,195 | ||||
31.01 | Tractor Supply Naples | 69,579 | 421,943 | Actual 2019 | 589,248 | 69,738 | 519,510 | Actual 2018 | 577,173 | 76,323 | ||||
31.02 | Tractor Supply Sarasota | 25,467 | 255,863 | Actual 2019 | 281,180 | 12,839 | 268,341 | Actual 2018 | 280,000 | 872 | ||||
32 | Radcliff Apartment Portfolio | 600,460 | 784,796 | Actual 2019 | 1,377,974 | 585,838 | 792,136 | Actual 2018 | 1,231,054 | 569,262 | ||||
32.01 | Christopher Square Apartments | 478,937 | 579,102 | Actual 2019 | 1,049,972 | 463,744 | 586,227 | Actual 2018 | 950,582 | 493,889 | ||||
32.02 | Navaho Drive Apartments | 53,186 | 107,385 | Actual 2019 | 164,329 | 53,430 | 110,899 | Actual 2018 | 147,015 | 30,211 | ||||
32.03 | Woodland Drive Apartments | 68,337 | 98,310 | Actual 2019 | 163,673 | 68,664 | 95,010 | Actual 2018 | 133,457 | 45,161 | ||||
33 | Plaza Del Mar | 348,687 | 689,819 | Actual 2019 | 1,109,844 | 393,910 | 715,934 | Actual 2018 | 1,229,433 | 336,922 | ||||
34 | National Self Storage - Dove Mountain | 298,910 | 487,480 | Actual 2019 | 612,418 | 234,234 | 378,184 | NAV | NAV | NAV | ||||
35 | Clearfork MHC and Town & Country MHC Portfolio | 279,679 | 758,538 | Actual 2019 | 1,050,511 | 301,706 | 748,805 | Actual 2018 | 1,044,230 | 283,672 | ||||
35.01 | Town & Country MHC | 149,463 | 447,129 | Actual 2019 | 602,595 | 158,870 | 443,725 | Actual 2018 | 629,654 | 143,373 | ||||
35.02 | Clearfork MHC | 130,217 | 311,409 | Actual 2019 | 447,916 | 142,836 | 305,081 | Actual 2018 | 414,576 | 140,299 | ||||
36 | Baltimore Station | 155,981 | 291,366 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
37 | 866 UN Plaza | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
38 | Tree Garden Business Park | 351,540 | 614,175 | Actual 2019 | 941,152 | 347,164 | 593,988 | Actual 2018 | 882,498 | 317,180 | ||||
39 | 126 N Jefferson | 435,912 | 630,448 | Actual 2019 | 1,068,714 | 447,727 | 620,987 | Actual 2018 | 1,061,183 | 423,276 | ||||
40 | Golden Cove MHC | 175,638 | 520,963 | Actual 2019 | 679,442 | 168,946 | 510,496 | Actual 2018 | 667,827 | 176,871 | ||||
41 | The Meadows and Westwood II & III Apartments | 438,648 | 425,486 | Actual 2019 | 805,868 | 436,126 | 369,742 | NAV | NAV | NAV | ||||
41.01 | Westwood Apartments II & III | 323,463 | 314,718 | Actual 2019 | 600,078 | 322,175 | 277,903 | NAV | NAV | NAV | ||||
41.02 | The Meadows Apartments | 115,185 | 110,768 | Actual 2019 | 205,790 | 113,951 | 91,839 | NAV | NAV | NAV | ||||
42 | Fabric Lofts Apartments | 40,618 | 411,976 | Actual 2019 | 414,509 | 34,314 | 380,195 | Actual 2018 | 403,939 | 35,284 | ||||
43 | Jefferson Square Plaza | 351,245 | 474,013 | Actual 2019 | 841,068 | 370,887 | 470,181 | Actual 2018 | 790,773 | 320,443 | ||||
44 | Satterfield Marketplace | 34,463 | 312,989 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
45 | 5555 West Loop Office | 414,582 | 424,233 | Actual 2019 | 786,805 | 419,296 | 367,509 | Actual 2018 | 784,069 | 395,708 | ||||
46 | 1226 E. 7th Street | 43,309 | 287,942 | Actual 2019 | 345,231 | 65,456 | 279,775 | Actual 2018 | 352,800 | 68,164 | ||||
47 | 1047 E. 7th Street | 44,359 | 255,890 | Actual 2019 | 303,600 | 65,005 | 238,595 | Actual 2018 | 304,005 | 64,289 | ||||
48 | 409-413 E. 7th Street | 26,998 | 178,602 | Actual 2019 | 230,273 | 42,118 | 188,155 | Actual 2018 | 242,400 | 44,956 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent NOI ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N)(5) | Largest Tenant Name(6)(7) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date |
1 | McClellan Park | 24,924,493 | N | Amazon | 417,637 | 6.0% | 6/30/2030 | ||
2 | MGM Grand & Mandalay Bay | 617,369,266 | 193 | 176 | Y | ||||
2.01 | MGM Grand | 371,566,231 | 182 | 169 | Y | ||||
2.02 | Mandalay Bay | 245,803,035 | 204 | 184 | Y | ||||
3 | Pacific Gateway II | 756,671 | N | HealthCare Partners | 80,583 | 34.0% | 5/31/2027 | ||
4 | CoLinx Distribution Center | 3,586,786 | N | CoLinx, LLC | 900,177 | 100.0% | 12/31/2032 | ||
5 | The Arboretum | 10,722,904 | N | Walmart | 120,405 | 21.7% | 1/26/2025 | ||
6 | HPE Campus | NAV | Y | Hewlett Packard Enterprise | 447,364 | 100.0% | 4/30/2030 | ||
7 | Alto Pomona | NAV | Y | Alto Systems | 288,195 | 100.0% | 12/31/2034 | ||
8 | Palmetto Plaza | 2,262,689 | N | Rise Fitness | 19,747 | 11.3% | 02/28/2030 | ||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | NAV | N | ||||||
9.01 | The Douglass Apartments | NAV | N | ||||||
9.02 | 7748 South Essex Apartments | NAV | N | ||||||
9.03 | 7635 South East End Apartments | NAV | N | ||||||
9.04 | 7625 South East End Apartments | NAV | N | ||||||
9.05 | 7800 South Sangamon Apartments | NAV | N | ||||||
9.06 | 8056 South Marshfield Apartments | NAV | N | ||||||
9.07 | South Shore Courtyard | NAV | N | ||||||
10 | Sullyfield Commerce Center I & II | 2,770,346 | N | Dynex Technologies, Inc. | 81,795 | 33.3% | 7/30/2030 | ||
11 | 10725 North De Anza Boulevard | 1,512,067 | N | Apple Inc | 39,961 | 100.0% | 3/31/2025 | ||
12 | Bel Villaggio | 1,357,181 | N | Shogun Murrieta, LLC | 8,155 | 6.9% | 7/31/2021 | ||
13 | Home Depot - Gardena | 1,656,662 | N | Home Depot | 135,000 | 90.0% | 1/31/2025 | ||
14 | Stone & Montague Portfolio | NAV | N | Various | Various | Various | Various | ||
14.01 | 6 Stone Street | NAV | N | Murphy’s Tavern | 3,600 | 38.0% | 7/30/2029 | ||
14.02 | 162 Montague Street | NAV | N | Urban Equities | 1,905 | 26.1% | 5/31/2029 | ||
14.03 | 155 Montague Street | NAV | N | Satori Laser | 2,000 | 28.1% | 8/31/2034 | ||
15 | 120 Wall Street | 10,046,537 | N | Droga5, LLC | 202,396 | 30.3% | 9/30/2029 | ||
16 | One Stockton | 4,911,125 | N | T-Mobile | 16,987 | 100.0% | 11/30/2026 | ||
17 | Summerfield Apartments | 1,343,349 | N | ||||||
18 | Commerce Corporate Center | 1,436,010 | 0 | 0 | N | Progressive Casualty Insurance | 7,075 | 3.6% | 11/30/2023 |
19 | Courtyard Marriott Solana Beach | 3,041,607 | 163 | 137 | N | ||||
20 | 100 Brandywine Boulevard | 1,656,565 | N | inVentiv Health (SyneosHealth Inc.) | 51,320 | 48.7% | 01/31/2031 | ||
21 | West River Flats | 929,699 | N | ||||||
22 | 37 East 28th Street | 1,299,120 | N | Breather Products US, Inc. | 4,400 | 10.0% | 7/31/2026 | ||
23 | Centre Point | 813,355 | N | Siemens | 54,701 | 41.5% | 1/31/2023 | ||
24 | Hyde Park Multifamily Portfolio | 956,326 | N | ||||||
24.01 | 1101 East Hyde Park Boulevard | 423,471 | N | ||||||
24.02 | 1440 East 52nd Street | 223,189 | N | ||||||
24.03 | 5557 South University Avenue | 136,182 | N | ||||||
24.04 | 1154 East 56th Street | 132,623 | N | ||||||
24.05 | 5429 South Woodlawn Avenue | 40,861 | N | ||||||
25 | 284 West Shaw and 1701 Santa Clara | NAV | N | Various | Various | Various | Various | ||
25.01 | 284 West Shaw Avenue | NAV | N | Crunch Fitness | 31,291 | 100.0% | 11/30/2034 | ||
25.02 | 1701 Santa Clara Drive | NAV | N | Golden 1 Credit Union | 6,021 | 39.1% | 10/31/2024 | ||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | NAV | N | ||||||
26.01 | Riverdale Portfolio | NAV | N | ||||||
26.02 | 5450 South Indiana | NAV | N | ||||||
26.03 | 6733 South Perry | NAV | N | ||||||
26.04 | 6643 South Perry | NAV | N | ||||||
27 | Alto 211 | 256,386 | Y | NEP Studios DFW d/b/a Get Lucky Co-Working | 20,000 | 11.1% | 10,000 SF on 10/14/2023; 10,000 SF on 12/31/2022 | ||
28 | 170 North High Street | 1,135,928 | N | General Service Administration | 71,308 | 92.9% | 4/2/2026 | ||
29 | Holiday Inn Salina | 1,390,736 | 100 | 74 | N | ||||
30 | Twilley Center | 1,047,436 | N | Shore Appliance Connection | 16,450 | 8.7% | 6/30/2023 | ||
31 | Tractor Supply Portfolio | 779,978 | N | Tractor Supply Co | 41,926 | Various | Various | ||
31.01 | Tractor Supply Naples | 500,850 | N | Tractor Supply Co | 22,670 | 100.0% | 3/31/2034 | ||
31.02 | Tractor Supply Sarasota | 279,128 | N | Tractor Supply Co | 19,256 | 100.0% | 10/31/2032 | ||
32 | Radcliff Apartment Portfolio | 661,792 | N | ||||||
32.01 | Christopher Square Apartments | 456,693 | N | ||||||
32.02 | Navaho Drive Apartments | 116,804 | N | ||||||
32.03 | Woodland Drive Apartments | 88,296 | N | ||||||
33 | Plaza Del Mar | 892,511 | N | Wild Fork Foods | 6,688 | 20.8% | 7/31/2023 | ||
34 | National Self Storage - Dove Mountain | NAV | N | ||||||
35 | Clearfork MHC and Town & Country MHC Portfolio | 760,557 | N | ||||||
35.01 | Town & Country MHC | 486,280 | N | ||||||
35.02 | Clearfork MHC | 274,277 | N | ||||||
36 | Baltimore Station | NAV | N | Crème Brulee Paul Mitchell Salon | 2,771 | 10.6% | 1/31/2031 | ||
37 | 866 UN Plaza | NAV | N | Mission of the Socialist Republic of Vietnam to the U.N. | 12,774 | 100.0% | 10/31/2028 | ||
38 | Tree Garden Business Park | 565,319 | N | Vimar Transportation Consultants | 47,600 | 43.6% | 10/31/2026 | ||
39 | 126 N Jefferson | 637,907 | N | CSIG Shared Services Expansion | 12,673 | 18.7% | 12/31/2022 | ||
40 | Golden Cove MHC | 490,956 | N | ||||||
41 | The Meadows and Westwood II & III Apartments | NAV | N | ||||||
41.01 | Westwood Apartments II & III | NAV | N | ||||||
41.02 | The Meadows Apartments | NAV | N | ||||||
42 | Fabric Lofts Apartments | 368,654 | N | Modo Mio Taverna | 2,726 | 20.8% | 12/31/2029 | ||
43 | Jefferson Square Plaza | 470,330 | N | Bethlehem Pre-School | 8,500 | 16.0% | 8,000 SF on 5/31/2024; 500 SF MTM | ||
44 | Satterfield Marketplace | NAV | N | Aspen Dental | 3,500 | 28.6% | 5/31/2030 | ||
45 | 5555 West Loop Office | 388,361 | N | The Laser Vision Center | 5,376 | 10.0% | 12/31/2025 | ||
46 | 1226 E. 7th Street | 284,636 | N | ||||||
47 | 1047 E. 7th Street | 239,716 | N | ||||||
48 | 409-413 E. 7th Street | 197,444 | N |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 2nd Largest Tenant Name(6) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date | 3rd Largest Tenant Name(6)(7) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date |
1 | McClellan Park | Hydra Distribution | 388,784 | 5.6% | 4/16/2025 | Dome Printing | 320,000 | 4.6% | 11/17/2033 |
2 | MGM Grand & Mandalay Bay | ||||||||
2.01 | MGM Grand | ||||||||
2.02 | Mandalay Bay | ||||||||
3 | Pacific Gateway II | Maritz Holdings | 20,488 | 8.6% | 5/30/2025 | Nelson Mullins Riley & Scarbor | 12,161 | 5.1% | 2/28/2028 |
4 | CoLinx Distribution Center | ||||||||
5 | The Arboretum | Harris Teeter | 68,119 | 12.3% | 6/17/2022 | Regal Entertainment Group/Cinebarre | 36,000 | 6.5% | 8/31/2022 |
6 | HPE Campus | ||||||||
7 | Alto Pomona | ||||||||
8 | Palmetto Plaza | Aldi Supermarket | 19,309 | 11.0% | 7/31/2026 | Little Tigers Day Care | 10,080 | 5.8% | 12/31/2030 |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | ||||||||
9.01 | The Douglass Apartments | ||||||||
9.02 | 7748 South Essex Apartments | ||||||||
9.03 | 7635 South East End Apartments | ||||||||
9.04 | 7625 South East End Apartments | ||||||||
9.05 | 7800 South Sangamon Apartments | ||||||||
9.06 | 8056 South Marshfield Apartments | ||||||||
9.07 | South Shore Courtyard | ||||||||
10 | Sullyfield Commerce Center I & II | Northrop Grumman Systems Corporation | 45,897 | 18.7% | 30,168 SF on 2/28/2021; 15,729 SF on 8/31/2021 | Criterion Supply, Inc. (F/K/A Mike’s Flooring Companies, Inc.) | 26,567 | 10.8% | 6/30/2026 |
11 | 10725 North De Anza Boulevard | ||||||||
12 | Bel Villaggio | Macaroni Grill | 6,800 | 5.8% | 4/30/2023 | Burgers & Beer | 6,028 | 5.1% | 12/31/2024 |
13 | Home Depot - Gardena | ViaTRON Systems | 15,000 | 10.0% | 1/31/2025 | ||||
14 | Stone & Montague Portfolio | Various | Various | Various | Various | Various | Various | Various | Various |
14.01 | 6 Stone Street | Law office of Isaac Greenfield | 2,285 | 24.1% | 4/30/2029 | Moshe Minz | 1,800 | 19.0% | 9/30/2024 |
14.02 | 162 Montague Street | Lichee Nut | 1,200 | 16.4% | 12/31/2026 | Nanatori Japanese | 1,200 | 16.4% | 12/31/2026 |
14.03 | 155 Montague Street | Wundabar Pilates | 1,820 | 25.6% | 12/31/2029 | ||||
15 | 120 Wall Street | Success Academy Charter School | 54,658 | 8.2% | 6/30/2029 | AFS-USA, Inc. | 40,029 | 6.0% | 6/30/2029 |
16 | One Stockton | ||||||||
17 | Summerfield Apartments | ||||||||
18 | Commerce Corporate Center | TMR/CAA, Inc. | 6,731 | 3.4% | 1/31/2023 | Wells Fargo Advisors, LLC | 5,948 | 3.0% | 8/31/2023 |
19 | Courtyard Marriott Solana Beach | ||||||||
20 | 100 Brandywine Boulevard | Waste Management of PA, Inc. | 15,493 | 14.7% | 01/31/2023 | Hearthside Realty (Coldwell Banker) | 13,573 | 12.9% | 02/28/2025 |
21 | West River Flats | ||||||||
22 | 37 East 28th Street | FR Capital Holdings, L.P. | 4,000 | 9.1% | 11/30/2023 | 28E28 INC. | 3,200 | 7.3% | 12/31/2023 |
23 | Centre Point | Ignitist, Inc. | 24,783 | 18.8% | 4/30/2027 | Imedecs | 9,904 | 7.5% | 8/31/2024 |
24 | Hyde Park Multifamily Portfolio | ||||||||
24.01 | 1101 East Hyde Park Boulevard | ||||||||
24.02 | 1440 East 52nd Street | ||||||||
24.03 | 5557 South University Avenue | ||||||||
24.04 | 1154 East 56th Street | ||||||||
24.05 | 5429 South Woodlawn Avenue | ||||||||
25 | 284 West Shaw and 1701 Santa Clara | Various | Various | Various | Various | Various | Various | Various | Various |
25.01 | 284 West Shaw Avenue | ||||||||
25.02 | 1701 Santa Clara Drive | American Financial Network | 5,225 | 33.9% | 10/31/2024 | Dr. Dino Lirio | 2,082 | 13.5% | 9/30/2029 |
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | ||||||||
26.01 | Riverdale Portfolio | ||||||||
26.02 | 5450 South Indiana | ||||||||
26.03 | 6733 South Perry | ||||||||
26.04 | 6643 South Perry | ||||||||
27 | Alto 211 | Carter Allen Enterprises | 20,000 | 11.1% | 10,000 SF on 2/29/2028; 10,000 SF on 12/31/2022 | Per Scholas | 10,000 | 5.6% | 3/31/2023 |
28 | 170 North High Street | ||||||||
29 | Holiday Inn Salina | ||||||||
30 | Twilley Center | Nor’Eastern Storm All-Stars Cheer and Dance | 16,000 | 8.5% | 10/31/2021 | Dollar General | 9,600 | 5.1% | 11/30/2022 |
31 | Tractor Supply Portfolio | ||||||||
31.01 | Tractor Supply Naples | ||||||||
31.02 | Tractor Supply Sarasota | ||||||||
32 | Radcliff Apartment Portfolio | ||||||||
32.01 | Christopher Square Apartments | ||||||||
32.02 | Navaho Drive Apartments | ||||||||
32.03 | Woodland Drive Apartments | ||||||||
33 | Plaza Del Mar | Kobkaew Bangkok Bistro | 2,983 | 9.3% | 1,987 SF in 1/30/2024; 996 SF in 7/31/2025 | Cao Café | 2,600 | 8.1% | 11/30/2028 |
34 | National Self Storage - Dove Mountain | ||||||||
35 | Clearfork MHC and Town & Country MHC Portfolio | ||||||||
35.01 | Town & Country MHC | ||||||||
35.02 | Clearfork MHC | ||||||||
36 | Baltimore Station | Huntington Bank | 2,675 | 10.3% | 5/31/2029 | Spalding DeDecker | 1,650 | 6.3% | 1/31/2031 |
37 | 866 UN Plaza | ||||||||
38 | Tree Garden Business Park | Economic Electric Motors | 18,200 | 16.7% | 6/30/2021 | Textronic | 13,200 | 12.1% | 6/30/2021 |
39 | 126 N Jefferson | Strand Assoc | 12,665 | 18.6% | 3/31/2026 | Arcadis | 9,252 | 13.6% | 10/31/2024 |
40 | Golden Cove MHC | ||||||||
41 | The Meadows and Westwood II & III Apartments | ||||||||
41.01 | Westwood Apartments II & III | ||||||||
41.02 | The Meadows Apartments | ||||||||
42 | Fabric Lofts Apartments | Fortis Construction | 733 | 5.6% | 11/30/2030 | ||||
43 | Jefferson Square Plaza | Organizacion Cristiana Amor Viviente | 6,000 | 11.3% | 5,000 SF on 12/31/2023; 1,000 SF on 8/31/2023 | New Covenant of Love & Restoration Ministries | 3,000 | 5.7% | 11/30/2025 |
44 | Satterfield Marketplace | Chipotle Mexican Grill | 2,520 | 20.6% | 11/23/2029 | My Eyelab | 2,430 | 19.8% | 6/30/2030 |
45 | 5555 West Loop Office | Claremont Property Co | 4,069 | 7.6% | 10/31/2032 | Bellaire Medical Care Group | 2,764 | 5.1% | 2/28/2021 |
46 | 1226 E. 7th Street | ||||||||
47 | 1047 E. 7th Street | ||||||||
48 | 409-413 E. 7th Street |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 4th Largest Tenant Name(6) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | 5th Largest Tenant Name(6)(7)(8) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA | 5th Largest Tenant Exp. Date | Engineering Report Date |
1 | McClellan Park | McClellan Jet Services | 280,839 | 4.1% | 9/12/2022 | Northrop Grumman Systems | 267,618 | 3.9% | 254,511 (12/31/2021); 4,857 (7/31/2022); 8,250 (11/30/2022) | 9/30/2020 |
2 | MGM Grand & Mandalay Bay | 2/11/2020 | ||||||||
2.01 | MGM Grand | 2/11/2020 | ||||||||
2.02 | Mandalay Bay | 2/11/2020 | ||||||||
3 | Pacific Gateway II | Ogletree, Deakins, Nash, Smoak | 9,460 | 4.0% | 1/31/2025 | Farmers Insurance | 8,142 | 3.4% | 11/30/2029 | 8/14/2020 |
4 | CoLinx Distribution Center | 2/21/2020 | ||||||||
5 | The Arboretum | Bed Bath & Beyond | 35,000 | 6.3% | 1/31/2023 | Barnes & Noble | 24,994 | 4.5% | 6/30/2025 | 8/11/2020 |
6 | HPE Campus | 2/3/2020 | ||||||||
7 | Alto Pomona | 9/9/2019 | ||||||||
8 | Palmetto Plaza | Dollar Tree | 10,080 | 5.8% | 8/31/2023 | Auto Painting USA | 7,780 | 4.4% | 09/30/2023 | 1/24/2020 |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 8/25/2020 | ||||||||
9.01 | The Douglass Apartments | 8/25/2020 | ||||||||
9.02 | 7748 South Essex Apartments | 8/25/2020 | ||||||||
9.03 | 7635 South East End Apartments | 8/25/2020 | ||||||||
9.04 | 7625 South East End Apartments | 8/25/2020 | ||||||||
9.05 | 7800 South Sangamon Apartments | 8/25/2020 | ||||||||
9.06 | 8056 South Marshfield Apartments | 8/25/2020 | ||||||||
9.07 | South Shore Courtyard | 8/25/2020 | ||||||||
10 | Sullyfield Commerce Center I & II | CACI NSS, LLC | 25,241 | 10.3% | 8/31/2024 | Katmai Health Services, LLC | 14,978 | 6.1% | 5/2/2025 | 10/2/2020 |
11 | 10725 North De Anza Boulevard | 9/9/2020 | ||||||||
12 | Bel Villaggio | Los Panchos Mexican Restaurant | 4,730 | 4.0% | 3/31/2030 | KB Home Coastal | 4,725 | 4.0% | 5/31/2025 | 11/14/2019 |
13 | Home Depot - Gardena | 7/28/2020 | ||||||||
14 | Stone & Montague Portfolio | 10/14/2020 | ||||||||
14.01 | 6 Stone Street | 10/14/2020 | ||||||||
14.02 | 162 Montague Street | 10/14/2020 | ||||||||
14.03 | 155 Montague Street | 10/14/2020 | ||||||||
15 | 120 Wall Street | Foundation for AIDS Research | 30,822 | 4.6% | 8/31/2027 | Center for Appellate Litigation | 20,535 | 3.1% | 8,788 SF expiring 11/30/2021; 11,747 SF expiring 1/31/2025 | 8/27/2020 |
16 | One Stockton | 10/28/2019 | ||||||||
17 | Summerfield Apartments | 9/28/2020 | ||||||||
18 | Commerce Corporate Center | Richards, Meli, & Associates | 5,820 | 3.0% | 6/30/2022 | Sigma Financial, Inc. | 4,344 | 2.2% | 7/31/2022 | 9/11/2020 |
19 | Courtyard Marriott Solana Beach | 1/14/2020 | ||||||||
20 | 100 Brandywine Boulevard | 3/13/2020 | ||||||||
21 | West River Flats | 10/13/2020 | ||||||||
22 | 37 East 28th Street | Tipsy Nomad | 3,165 | 7.2% | 8/31/2039 | Lifestyle Physical Therapy, LLC | 2,200 | 5.0% | 9/30/2029 | 2/18/2020 |
23 | Centre Point | Baum, Smith & Clemens | 8,600 | 6.5% | 11/30/2028 | Verizon | 7,931 | 6.0% | 12/31/2022 | 9/3/2020 |
24 | Hyde Park Multifamily Portfolio | 10/23/2020 | ||||||||
24.01 | 1101 East Hyde Park Boulevard | 10/23/2020 | ||||||||
24.02 | 1440 East 52nd Street | 10/23/2020 | ||||||||
24.03 | 5557 South University Avenue | 10/23/2020 | ||||||||
24.04 | 1154 East 56th Street | 10/23/2020 | ||||||||
24.05 | 5429 South Woodlawn Avenue | 10/23/2020 | ||||||||
25 | 284 West Shaw and 1701 Santa Clara | Various | Various | Various | Various | Various | Various | Various | Various | 11/27/2019 |
25.01 | 284 West Shaw Avenue | 11/27/2019 | ||||||||
25.02 | 1701 Santa Clara Drive | Farmers Insurance | 800 | 5.2% | 7/31/2024 | 11/27/2019 | ||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | Various | ||||||||
26.01 | Riverdale Portfolio | Various | ||||||||
26.02 | 5450 South Indiana | 10/5/2020 | ||||||||
26.03 | 6733 South Perry | 9/28/2020 | ||||||||
26.04 | 6643 South Perry | 10/5/2020 | ||||||||
27 | Alto 211 | Daily Creative Concepts | 10,000 | 5.6% | 7/14/2024 | 3Headed Monster, LLC | 10,000 | 5.6% | 2/28/2022 | 10/5/2020 |
28 | 170 North High Street | 7/13/2020 | ||||||||
29 | Holiday Inn Salina | 10/14/2019 | ||||||||
30 | Twilley Center | Reign Restaurant and Conference Center | 9,500 | 5.0% | 2/28/2026 | Live F.I.T. Gym | 9,450 | 5.0% | 1/31/2030 | 12/26/2019 |
31 | Tractor Supply Portfolio | Various | ||||||||
31.01 | Tractor Supply Naples | 8/11/2020 | ||||||||
31.02 | Tractor Supply Sarasota | 8/18/2020 | ||||||||
32 | Radcliff Apartment Portfolio | 9/17/2020 | ||||||||
32.01 | Christopher Square Apartments | 9/17/2020 | ||||||||
32.02 | Navaho Drive Apartments | 9/17/2020 | ||||||||
32.03 | Woodland Drive Apartments | 9/17/2020 | ||||||||
33 | Plaza Del Mar | Nadine McFarlane | 2,048 | 6.4% | 5/31/2023 | Vanny Nails | 2,010 | 6.3% | 11/30/2024 | 9/1/2020 |
34 | National Self Storage - Dove Mountain | 9/11/2020 | ||||||||
35 | Clearfork MHC and Town & Country MHC Portfolio | Various | ||||||||
35.01 | Town & Country MHC | 10/5/2020 | ||||||||
35.02 | Clearfork MHC | 9/28/2020 | ||||||||
36 | Baltimore Station | Called Djozkowski, L.L.C.(dba Time Will Tell) | 1,215 | 4.7% | 1/31/2031 | 4/13/2020 | ||||
37 | 866 UN Plaza | 10/19/2020 | ||||||||
38 | Tree Garden Business Park | Microspecialties | 10,050 | 9.2% | 1/31/2022 | Dios con Nosotros | 8,000 | 7.3% | 12/31/2022 | 10/19/2020 |
39 | 126 N Jefferson | Milwaukee Magazine | 6,939 | 10.2% | 11/30/2023 | Inspec Inc. | 5,265 | 7.8% | 02/28/2025 | 9/4/2020 |
40 | Golden Cove MHC | 10/16/2020 | ||||||||
41 | The Meadows and Westwood II & III Apartments | 9/15/2020 | ||||||||
41.01 | Westwood Apartments II & III | 9/15/2020 | ||||||||
41.02 | The Meadows Apartments | 9/15/2020 | ||||||||
42 | Fabric Lofts Apartments | 10/13/2020 | ||||||||
43 | Jefferson Square Plaza | Orthodenco Enterprises | 3,000 | 5.7% | 9/30/2023 | Shelter Corporation of America | 2,000 | 3.8% | 5/31/2024 | 8/24/2020 |
44 | Satterfield Marketplace | Original Mattress Factory | 2,400 | 19.6% | 12/31/2024 | Tropical Smoothie Café | 1,400 | 11.4% | 3/31/2030 | 9/4/2020 |
45 | 5555 West Loop Office | Gerber & Most, PLLC | 2,372 | 4.4% | 11/30/2023 | Dr. Jeffrey Reuben, PA | 2,235 | 4.1% | 2/28/2021 | 9/4/2020 |
46 | 1226 E. 7th Street | 9/22/2020 | ||||||||
47 | 1047 E. 7th Street | 9/9/2020 | ||||||||
48 | 409-413 E. 7th Street | 9/9/2020 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Environmental Report Date (Phase I) | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | Terrorism Insurance (Y/N) | Loan Purpose | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Upfront Replacement Reserve ($) |
1 | McClellan Park | Various | 9/30/2020 | 9.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | |
2 | MGM Grand & Mandalay Bay | 2/11/2020 | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |||
2.01 | MGM Grand | 2/11/2020 | N | Y | ||||||||||
2.02 | Mandalay Bay | 2/11/2020 | N | Y | ||||||||||
3 | Pacific Gateway II | 8/17/2020 | 8/17/2020 | 17.0% | N | Y | Acquisition | 0 | 414,771 | 59,253 | 5,687 | 5,687 | 0 | |
4 | CoLinx Distribution Center | 9/25/2020 | N | Y | Refinance | 0 | 24,266 | 24,266 | 5,624 | 5,624 | 0 | |||
5 | The Arboretum | 8/11/2020 | N | Y | Refinance | 112,500 | 124,209 | 124,207; Springing | 0 | Springing | 0 | |||
6 | HPE Campus | 11/15/2019 | 1/29/2020 | 3.0% | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | |
7 | Alto Pomona | 10/8/2019 | 9/10/2019 | 14.0% | N | Y | Acquisition | 0 | 84,037 | 16,807 | 9,306 | 3,102 | 0 | |
8 | Palmetto Plaza | 1/28/2020 | N | Y | Acquisition | 94,375 | 222,701 | 37,117 | 17,145 | 8,572 | 200,000 | |||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 8/25/2020 | N | Y | Acquisition | 0 | 101,883 | 22,319 | 0 | Springing | 0 | |||
9.01 | The Douglass Apartments | 8/25/2020 | N | Y | ||||||||||
9.02 | 7748 South Essex Apartments | 8/25/2020 | N | Y | ||||||||||
9.03 | 7635 South East End Apartments | 8/25/2020 | N | Y | ||||||||||
9.04 | 7625 South East End Apartments | 8/25/2020 | N | Y | ||||||||||
9.05 | 7800 South Sangamon Apartments | 8/25/2020 | N | Y | ||||||||||
9.06 | 8056 South Marshfield Apartments | 8/25/2020 | N | Y | ||||||||||
9.07 | South Shore Courtyard | 8/25/2020 | N | Y | ||||||||||
10 | Sullyfield Commerce Center I & II | 10/2/2020 | N | Y | Refinance | 0 | 24,579 | 24,579 | 0 | Springing | 0 | |||
11 | 10725 North De Anza Boulevard | 9/9/2020 | 9/9/2020 | 16.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | |
12 | Bel Villaggio | 11/15/2019 | 11/12/2019 | 9.0% | N | Y | Acquisition | 15,000 | 108,059 | 20,583 | 4,418 | 1,403 | 0 | |
13 | Home Depot - Gardena | 7/30/2020 | 7/28/2020 | 17.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | |
14 | Stone & Montague Portfolio | 10/15/2020 | N | Y | Refinance | 0 | 169,287 | 33,857 | 0 | Springing | 0 | |||
14.01 | 6 Stone Street | 10/15/2020 | N | Y | ||||||||||
14.02 | 162 Montague Street | 10/15/2020 | N | Y | ||||||||||
14.03 | 155 Montague Street | 10/15/2020 | N | Y | ||||||||||
15 | 120 Wall Street | 8/27/2020 | N | Y | Refinance | 0 | 1,306,557 | 326,640 | 0 | Springing | 0 | |||
16 | One Stockton | 10/24/2019 | 10/28/2019 | 12.0% | N | Y | Refinance | 0 | 166,351 | 55,450 | 0 | Springing | 0 | |
17 | Summerfield Apartments | 9/28/2020 | N | Y | Refinance | 0 | 133,807 | 11,151 | 155,611 | 18,297 | 0 | |||
18 | Commerce Corporate Center | 9/11/2020 | N | Y | Refinance | 259,500 | 175,610 | 23,892 | 27,478 | 3,271 | 0 | |||
19 | Courtyard Marriott Solana Beach | 1/15/2020 | 1/14/2020 | 7.0% | N | Y | Refinance | 0 | 11,673 | 11,673 | 0 | Springing | 0 | |
20 | 100 Brandywine Boulevard | 3/16/2020 | N | Y | Acquisition | 73,625 | 133,583 | 26,717 | 0 | Springing | 506,375 | |||
21 | West River Flats | 10/13/2020 | N | Y | Acquisition | 0 | 19,832 | 9,916 | 8,008 | 5,339 | 0 | |||
22 | 37 East 28th Street | 2/18/2020 | N | Y | Refinance | 22,550 | 33,921 | 33,921 | 24,464 | 2,446 | 0 | |||
23 | Centre Point | 9/21/2020 | N | Y | Refinance | 101,663 | 30,256 | 14,407 | 25,250 | 3,435 | 0 | |||
24 | Hyde Park Multifamily Portfolio | Various | N | Y | Refinance | 4,875 | 69,391 | 13,878 | 22,422 | 2,491 | 0 | |||
24.01 | 1101 East Hyde Park Boulevard | 10/23/2020 | N | Y | ||||||||||
24.02 | 1440 East 52nd Street | 10/22/2020 | N | Y | ||||||||||
24.03 | 5557 South University Avenue | 10/23/2020 | N | Y | ||||||||||
24.04 | 1154 East 56th Street | 10/23/2020 | N | Y | ||||||||||
24.05 | 5429 South Woodlawn Avenue | 10/23/2020 | N | Y | ||||||||||
25 | 284 West Shaw and 1701 Santa Clara | 11/27/2019 | 11/27/2019 | Various | N | Y | Refinance | 0 | 11,710 | 5,855 | 12,870 | 990 | 69,000 | |
25.01 | 284 West Shaw Avenue | 11/27/2019 | 11/27/2019 | 12.0% | N | Y | ||||||||
25.02 | 1701 Santa Clara Drive | 11/27/2019 | 11/27/2019 | 6.0% | N | Y | ||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | Various | N | Y | Acquisition | 0 | 74,881 | 18,720 | 0 | Springing | 0 | |||
26.01 | Riverdale Portfolio | Various | N | Y | ||||||||||
26.02 | 5450 South Indiana | 10/3/2020 | N | Y | ||||||||||
26.03 | 6733 South Perry | 10/6/2020 | N | Y | ||||||||||
26.04 | 6643 South Perry | 10/5/2020 | N | Y | ||||||||||
27 | Alto 211 | 10/5/2020 | N | Y | Refinance | 3,750 | 79,987 | 22,853 | 29,407 | 3,921 | 0 | |||
28 | 170 North High Street | 7/17/2020 | N | Y | Refinance | 3,438 | 104,314 | 16,558 | 3,623 | 1,150 | 0 | |||
29 | Holiday Inn Salina | 10/14/2019 | N | Y | Refinance | 0 | 0 | 20,421 | 25,691 | 2,719 | 0 | |||
30 | Twilley Center | 12/26/2019 | N | Y | Refinance | 262,169 | 55,393 | 17,585 | 12,896 | 3,071 | 0 | |||
31 | Tractor Supply Portfolio | Various | N | Y | Refinance | 0 | 34,370 | 2,865 | 0 | Springing | 0 | |||
31.01 | Tractor Supply Naples | 1/20/2020 | N | Y | ||||||||||
31.02 | Tractor Supply Sarasota | 9/2/2020 | N | Y | ||||||||||
32 | Radcliff Apartment Portfolio | 9/17/2020 | N | Y | Refinance | 17,550 | 84,524 | 8,452 | 86,863 | 7,897 | 0 | |||
32.01 | Christopher Square Apartments | 9/17/2020 | N | Y | ||||||||||
32.02 | Navaho Drive Apartments | 9/17/2020 | N | Y | ||||||||||
32.03 | Woodland Drive Apartments | 9/17/2020 | N | Y | ||||||||||
33 | Plaza Del Mar | 9/1/2020 | N | Y | Acquisition | 60,000 | 19,395 | 18,471 | 11,479 | 3,644 | 0 | |||
34 | National Self Storage - Dove Mountain | 9/11/2020 | N | Y | Refinance | 0 | 9,335 | 9,335 | 0 | Springing | 0 | |||
35 | Clearfork MHC and Town & Country MHC Portfolio | Various | N | Y | Acquisition | 37,313 | 18,197 | 2,888 | 3,446 | 1,094 | 0 | |||
35.01 | Town & Country MHC | 10/5/2020 | N | Y | ||||||||||
35.02 | Clearfork MHC | 7/21/2020 | N | Y | ||||||||||
36 | Baltimore Station | 4/13/2020 | N | Y | Refinance | 0 | 17,484 | 2,914 | 0 | Springing | 0 | |||
37 | 866 UN Plaza | 10/19/2020 | N | Y | Acquisition | 0 | 81,849 | 16,370 | 2,756 | 1,378 | 0 | |||
38 | Tree Garden Business Park | 10/5/2020 | N | Y | Refinance | 0 | 14,361 | 13,677 | 30,177 | 4,790 | 10,000 | |||
39 | 126 N Jefferson | 9/8/2020 | N | Y | Acquisition | 5,000 | 152,106 | 16,901 | 0 | Springing | 350,000 | |||
40 | Golden Cove MHC | 10/5/2020 | N | Y | Acquisition | 18,500 | 0 | 3,848 | 4,202 | 2,001 | 0 | |||
41 | The Meadows and Westwood II & III Apartments | 9/15/2020 | N | Y | Refinance | 56,226 | 0 | 5,961 | 12,055 | 6,027 | 0 | |||
41.01 | Westwood Apartments II & III | 9/15/2020 | N | Y | ||||||||||
41.02 | The Meadows Apartments | 9/15/2020 | N | Y | ||||||||||
42 | Fabric Lofts Apartments | 10/13/2020 | N | Y | Refinance | 0 | 12,074 | 2,875 | 2,705 | 644 | 0 | |||
43 | Jefferson Square Plaza | 8/24/2020 | N | Y | Acquisition | 0 | 10,739 | 10,228 | 10,099 | 4,809 | 0 | |||
44 | Satterfield Marketplace | 9/4/2020 | N | Y | Acquisition | 0 | 0 | 2,696 | 859 | 409 | 0 | |||
45 | 5555 West Loop Office | 9/4/2020 | N | Y | Recapitalization | 14,750 | 56,017 | 4,850 | 2,893 | 2,756 | 0 | |||
46 | 1226 E. 7th Street | 9/23/2020 | 9/22/2020 | 18.0% | N | Y | Recapitalization | 0 | 3,685 | 1,170 | 482 | 460 | 0 | |
47 | 1047 E. 7th Street | 9/23/2020 | 9/23/2020 | 19.0% | N | Y | Recapitalization | 0 | 3,607 | 1,145 | 589 | 561 | 0 | |
48 | 409-413 E. 7th Street | 9/23/2020 | 9/23/2020 | 19.0% | N | Y | Recapitalization | 0 | 1,094 | 347 | 558 | 531 | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Monthly Replacement Reserve ($) | Replacement Reserve Cap ($) | Upfront TI/LC Reserve ($)(9) | Monthly TI/LC Reserve ($)(9) | TI/LC Reserve Cap ($) | Debt Service Escrow (Initial) ($)(4) | Debt Service Escrow (Monthly) ($) | Other Escrow I Reserve Description(6) | Other Escrow I (Initial) ($)(3)(6) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) |
1 | McClellan Park | Springing | 0 | 0 | Springing | 0 | 0 | 0 | Development Agency Loan Reserve | 689,614 | 0 | 0 |
2 | MGM Grand & Mandalay Bay | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2.01 | MGM Grand | |||||||||||
2.02 | Mandalay Bay | |||||||||||
3 | Pacific Gateway II | 3,951 | 0 | 500,000 | 30,620 | 0 | 0 | 0 | Rent Concession Reserve | 501,386 | 0 | 0 |
4 | CoLinx Distribution Center | 0 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | |
5 | The Arboretum | 17,604 | 0 | 2,000,000 | 69,489 | 5,000,000 | 3,970,402 | 0 | 0 | 0 | 0 | |
6 | HPE Campus | 7,456 | 268,419 | 0 | Springing | 0 | 0 | 0 | Common Charges Reserve | 0 | Springing | 0 |
7 | Alto Pomona | 3,843 | 0 | 0 | 9,607 | 461,112 | 0 | 0 | Roof Replacement Reserve | 1,000,000 | 0 | 0 |
8 | Palmetto Plaza | Springing | 0 | 872,789 | 14,586 | 750,000 | 0 | 0 | Free Rent Reserve | 46,443 | 0 | 0 |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 8,200 | 0 | 0 | 0 | 0 | 540,426 | 0 | 0 | 0 | 0 | |
9.01 | The Douglass Apartments | |||||||||||
9.02 | 7748 South Essex Apartments | |||||||||||
9.03 | 7635 South East End Apartments | |||||||||||
9.04 | 7625 South East End Apartments | |||||||||||
9.05 | 7800 South Sangamon Apartments | |||||||||||
9.06 | 8056 South Marshfield Apartments | |||||||||||
9.07 | South Shore Courtyard | |||||||||||
10 | Sullyfield Commerce Center I & II | 2,049 | 0 | 0 | Springing | 0 | 0 | 0 | Outstanding TI Reserve | 4,865,274 | 0 | 0 |
11 | 10725 North De Anza Boulevard | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | |
12 | Bel Villaggio | 1,472 | 52,977 | 0 | 10,354 | 372,738 | 0 | 0 | Outstanding TI/LC Reserve | 385,157 | 0 | 0 |
13 | Home Depot - Gardena | 2,500 | 90,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
14 | Stone & Montague Portfolio | 374 | 0 | 0 | 1,318 | 0 | 300,000 | 0 | Satori Laser Reserve | 13,684 | 0 | 0 |
14.01 | 6 Stone Street | |||||||||||
14.02 | 162 Montague Street | |||||||||||
14.03 | 155 Montague Street | |||||||||||
15 | 120 Wall Street | Springing | 0 | 3,472,525 | 111,379 | 4,009,656 | 0 | 0 | Rent Concession Reserve | 1,759,579 | 0 | 0 |
16 | One Stockton | Springing | 0 | 0 | 7,078 | 424,675 | 0 | 0 | 0 | 0 | 0 | |
17 | Summerfield Apartments | 4,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
18 | Commerce Corporate Center | 3,418 | 0 | 500,000 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | |
19 | Courtyard Marriott Solana Beach | 23,500 | 0 | 0 | 0 | 0 | 709,246 | 0 | Springing PIP Reserve | 0 | Springing | 0 |
20 | 100 Brandywine Boulevard | 2,209 | 0 | 1,150,000 | 17,554 | 1,500,000 | 420,000 | 0 | Syneos Rollover Reserve Fund | 0 | Springing | 0 |
21 | West River Flats | 2,813 | 0 | 0 | 0 | 0 | 88,225 | 0 | 0 | 0 | 0 | |
22 | 37 East 28th Street | 735 | 0 | 0 | 3,674 | 300,000 | 595,000 | 0 | COVID-19 Rent Reserve | 675,000 | 0 | 0 |
23 | Centre Point | 2,199 | 0 | 500,000 | 6,597 | 0 | 0 | 0 | 0 | 0 | 0 | |
24 | Hyde Park Multifamily Portfolio | 2,400 | 0 | 0 | 0 | 0 | 209,898 | 0 | 0 | 0 | 0 | |
24.01 | 1101 East Hyde Park Boulevard | |||||||||||
24.02 | 1440 East 52nd Street | |||||||||||
24.03 | 5557 South University Avenue | |||||||||||
24.04 | 1154 East 56th Street | |||||||||||
24.05 | 5429 South Woodlawn Avenue | |||||||||||
25 | 284 West Shaw and 1701 Santa Clara | 778 | 0 | 0 | 3,890 | 0 | 0 | 0 | Rent Reserve | 82,871 | 0 | 0 |
25.01 | 284 West Shaw Avenue | |||||||||||
25.02 | 1701 Santa Clara Drive | |||||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 4,042 | 0 | 0 | 0 | 0 | 250,193 | 0 | Avenue Beauty Rent Abatement Reserve | 8,800 | 0 | 0 |
26.01 | Riverdale Portfolio | |||||||||||
26.02 | 5450 South Indiana | |||||||||||
26.03 | 6733 South Perry | |||||||||||
26.04 | 6643 South Perry | |||||||||||
27 | Alto 211 | 2,246 | 0 | 0 | 7,484 | 0 | 450,000 | 0 | Free Rent Reserve | 99,018 | 0 | 0 |
28 | 170 North High Street | 1,279 | 46,039 | 0 | 22,380 | 0 | 0 | 0 | 0 | 0 | 0 | |
29 | Holiday Inn Salina | 5,816 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
30 | Twilley Center | 2,363 | 0 | 200,000 | 15,752 | 0 | 0 | 0 | Free Rent Reserve | 16,058 | 0 | 0 |
31 | Tractor Supply Portfolio | 839 | 30,187 | 80,000 | 1,747 | 80,000 | 0 | 0 | 0 | 0 | 0 | |
31.01 | Tractor Supply Naples | |||||||||||
31.02 | Tractor Supply Sarasota | |||||||||||
32 | Radcliff Apartment Portfolio | 5,475 | 0 | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 | 0 | |
32.01 | Christopher Square Apartments | |||||||||||
32.02 | Navaho Drive Apartments | |||||||||||
32.03 | Woodland Drive Apartments | |||||||||||
33 | Plaza Del Mar | 535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
34 | National Self Storage - Dove Mountain | 526 | 18,917 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
35 | Clearfork MHC and Town & Country MHC Portfolio | 1,329 | 0 | 0 | 0 | 0 | 0 | 0 | First Month Debt Service Funds | 34,129 | 0 | 0 |
35.01 | Town & Country MHC | |||||||||||
35.02 | Clearfork MHC | |||||||||||
36 | Baltimore Station | 573 | 0 | 0 | 0 | 0 | 100,000 | 0 | Free Rent Reserve | 53,437 | 0 | 0 |
37 | 866 UN Plaza | Springing | 0 | 0 | 1,597 | 0 | 0 | 0 | Vietnam Non-Renewal Reserve | 0 | Springing | 0 |
38 | Tree Garden Business Park | 909 | 10,000 | 50,000 | 4,544 | 50,000 | 0 | 0 | 0 | 0 | 0 | |
39 | 126 N Jefferson | 1,132 | 0 | 0 | 7,076 | 500,000 | 0 | 0 | Rent Concessions Reserve | 115,670 | 0 | 0 |
40 | Golden Cove MHC | 458 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
41 | The Meadows and Westwood II & III Apartments | 2,583 | 0 | 0 | 0 | 0 | 80,000 | 0 | 0 | 0 | 0 | |
41.01 | Westwood Apartments II & III | |||||||||||
41.02 | The Meadows Apartments | |||||||||||
42 | Fabric Lofts Apartments | 210 | 0 | 50,000 | 288 | 50,000 | 0 | 0 | 0 | 0 | 0 | |
43 | Jefferson Square Plaza | 663 | 0 | 150,000 | 4,196 | 200,000 | 0 | 0 | 0 | 0 | 0 | |
44 | Satterfield Marketplace | 153 | 9,188 | 0 | 1,548 | 92,902 | 0 | 0 | 0 | 0 | 0 | |
45 | 5555 West Loop Office | 896 | 0 | 100,000 | 4,478 | 250,000 | 0 | 0 | 0 | 0 | 0 | |
46 | 1226 E. 7th Street | Springing | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
47 | 1047 E. 7th Street | Springing | 11,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
48 | 409-413 E. 7th Street | Springing | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Reserve Description(6)(9) | Other Escrow II (Initial) ($)(6) | Other Escrow II (Monthly) ($)(6) | Other Escrow II Cap ($)(6) | Holdback(10) | Ownership Interest(11) |
1 | McClellan Park | Rent Concession Reserve ($18,717) / Tenant Specific TILC Reserve ($5,482,591) | 5,501,308 | 0 | 0 | Fee | |
2 | MGM Grand & Mandalay Bay | 0 | 0 | 0 | Fee | ||
2.01 | MGM Grand | Fee | |||||
2.02 | Mandalay Bay | Fee | |||||
3 | Pacific Gateway II | Tenant Specific TILC Reserve | 2,749,552 | 0 | 0 | Fee | |
4 | CoLinx Distribution Center | 0 | 0 | 0 | Fee and Leasehold | ||
5 | The Arboretum | 0 | 0 | 0 | Fee | ||
6 | HPE Campus | 0 | 0 | 0 | Fee | ||
7 | Alto Pomona | 0 | 0 | 0 | Fee | ||
8 | Palmetto Plaza | Tenant Specific Upfront Rollover Reserve ($125,336); Aldi Rollover Reserve (Springing) | 125,336 | Springing | 0 | Fee | |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | 0 | 0 | 0 | Fee | ||
9.01 | The Douglass Apartments | Fee | |||||
9.02 | 7748 South Essex Apartments | Fee | |||||
9.03 | 7635 South East End Apartments | Fee | |||||
9.04 | 7625 South East End Apartments | Fee | |||||
9.05 | 7800 South Sangamon Apartments | Fee | |||||
9.06 | 8056 South Marshfield Apartments | Fee | |||||
9.07 | South Shore Courtyard | Fee | |||||
10 | Sullyfield Commerce Center I & II | Free Rent Reserve | 118,786 | 0 | 0 | Fee | |
11 | 10725 North De Anza Boulevard | 0 | 0 | 0 | Fee | ||
12 | Bel Villaggio | Free Rent Reserve ($40,675.80); HVAC Repair White Dragon ($2,000); KB Home Coastal Tenant Improvements ($47,250) | 89,926 | 0 | 0 | Fee | |
13 | Home Depot - Gardena | 0 | 0 | 0 | Fee | ||
14 | Stone & Montague Portfolio | 0 | 0 | 0 | Fee | ||
14.01 | 6 Stone Street | Fee | |||||
14.02 | 162 Montague Street | Fee | |||||
14.03 | 155 Montague Street | Fee | |||||
15 | 120 Wall Street | 0 | 0 | 0 | Fee | ||
16 | One Stockton | 0 | 0 | 0 | Fee | ||
17 | Summerfield Apartments | 0 | 0 | 0 | Fee | ||
18 | Commerce Corporate Center | 0 | 0 | 0 | Fee | ||
19 | Courtyard Marriott Solana Beach | Springing Seasonality Reserve | 0 | Springing | 0 | Fee | |
20 | 100 Brandywine Boulevard | Syneos Rent Abatement ($160,375); Syneos Upfront TI Rollover Reserve ($923,760); Waste Management Upfront TI Rollover Reserve ($77,465); Hearthside Realty Upfront TI Rollover Reserve ($61,151.25); Waste Management Rent Abatement Reserve ($33,182.78) | 1,255,934 | Syneos Rent Abatement: $10,935 | Syneos Rent Abatement: $641,500 | Fee | |
21 | West River Flats | 0 | 0 | 0 | Fee | ||
22 | 37 East 28th Street | 0 | 0 | 0 | 500,000 | Fee | |
23 | Centre Point | 0 | 0 | 0 | Fee | ||
24 | Hyde Park Multifamily Portfolio | 0 | 0 | 0 | Fee | ||
24.01 | 1101 East Hyde Park Boulevard | Fee | |||||
24.02 | 1440 East 52nd Street | Fee | |||||
24.03 | 5557 South University Avenue | Fee | |||||
24.04 | 1154 East 56th Street | Fee | |||||
24.05 | 5429 South Woodlawn Avenue | Fee | |||||
25 | 284 West Shaw and 1701 Santa Clara | Springing Sponsor Lien Reserve | 0 | Springing | 0 | Fee | |
25.01 | 284 West Shaw Avenue | Fee | |||||
25.02 | 1701 Santa Clara Drive | Fee | |||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | 0 | 0 | 0 | 2,000,000 | Fee | |
26.01 | Riverdale Portfolio | Fee | |||||
26.02 | 5450 South Indiana | Fee | |||||
26.03 | 6733 South Perry | Fee | |||||
26.04 | 6643 South Perry | Fee | |||||
27 | Alto 211 | 0 | 0 | 0 | Fee | ||
28 | 170 North High Street | 0 | 0 | 0 | Fee | ||
29 | Holiday Inn Salina | 0 | 0 | 0 | Fee | ||
30 | Twilley Center | 0 | 0 | 0 | Fee | ||
31 | Tractor Supply Portfolio | 0 | 0 | 0 | Fee | ||
31.01 | Tractor Supply Naples | Fee | |||||
31.02 | Tractor Supply Sarasota | Fee | |||||
32 | Radcliff Apartment Portfolio | 0 | 0 | 0 | Fee | ||
32.01 | Christopher Square Apartments | Fee | |||||
32.02 | Navaho Drive Apartments | Fee | |||||
32.03 | Woodland Drive Apartments | Fee | |||||
33 | Plaza Del Mar | 0 | 0 | 0 | Fee | ||
34 | National Self Storage - Dove Mountain | 0 | 0 | 0 | Fee | ||
35 | Clearfork MHC and Town & Country MHC Portfolio | 0 | 0 | 0 | Fee | ||
35.01 | Town & Country MHC | Fee | |||||
35.02 | Clearfork MHC | Fee | |||||
36 | Baltimore Station | Unfunded Obligations Reserve | 289,249 | 0 | 0 | Fee | |
37 | 866 UN Plaza | 0 | 0 | 0 | Fee | ||
38 | Tree Garden Business Park | 0 | 0 | 0 | Fee | ||
39 | 126 N Jefferson | Existing TI/LC Obligations Reserve ($46,792.50); Anchor Tenant Reserve (Springing) | 46,793 | Springing | 0 | Fee | |
40 | Golden Cove MHC | 0 | 0 | 0 | Fee | ||
41 | The Meadows and Westwood II & III Apartments | 0 | 0 | 0 | Fee | ||
41.01 | Westwood Apartments II & III | Fee | |||||
41.02 | The Meadows Apartments | Fee | |||||
42 | Fabric Lofts Apartments | 0 | 0 | 0 | Fee | ||
43 | Jefferson Square Plaza | 0 | 0 | 0 | Fee | ||
44 | Satterfield Marketplace | 0 | 0 | 0 | Fee | ||
45 | 5555 West Loop Office | 0 | 0 | 0 | Fee | ||
46 | 1226 E. 7th Street | 0 | 0 | 0 | Fee | ||
47 | 1047 E. 7th Street | 0 | 0 | 0 | Fee | ||
48 | 409-413 E. 7th Street | 0 | 0 | 0 | Fee |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Ground Lease Initial Expiration Date(11) | Annual Ground Rent Payment | Annual Ground Rent Increases | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | Subordinate Secured Debt Cut-off Date Balance ($) | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) |
1 | McClellan Park | Hard/Springing Cash Management | |||||||||
2 | MGM Grand & Mandalay Bay | Hard/Springing Cash Management | 3,000,000,000 | 9,018,542 | 1,365,800,000 | 1,365,800,000 | 2.70 | 2.70 | |||
2.01 | MGM Grand | 1,635,000,000 | 4,915,105 | 744,361,000 | 744,361,000 | 2.70 | 2.70 | ||||
2.02 | Mandalay Bay | 1,365,000,000 | 4,103,436 | 621,439,000 | 621,439,000 | 2.70 | 2.70 | ||||
3 | Pacific Gateway II | Soft/Springing Cash Management | |||||||||
4 | CoLinx Distribution Center | 12/31/2025 | $1 | Hard/Springing Cash Management | |||||||
5 | The Arboretum | Hard/Upfront Cash Management | |||||||||
6 | HPE Campus | Hard/Springing Cash Management | |||||||||
7 | Alto Pomona | Hard/Upfront Cash Management | |||||||||
8 | Palmetto Plaza | Springing | |||||||||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | Springing | |||||||||
9.01 | The Douglass Apartments | ||||||||||
9.02 | 7748 South Essex Apartments | ||||||||||
9.03 | 7635 South East End Apartments | ||||||||||
9.04 | 7625 South East End Apartments | ||||||||||
9.05 | 7800 South Sangamon Apartments | ||||||||||
9.06 | 8056 South Marshfield Apartments | ||||||||||
9.07 | South Shore Courtyard | ||||||||||
10 | Sullyfield Commerce Center I & II | Hard/Springing Cash Management | |||||||||
11 | 10725 North De Anza Boulevard | Hard/Upfront Cash Management | |||||||||
12 | Bel Villaggio | Springing | |||||||||
13 | Home Depot - Gardena | Springing | |||||||||
14 | Stone & Montague Portfolio | Soft/Springing Cash Management | |||||||||
14.01 | 6 Stone Street | ||||||||||
14.02 | 162 Montague Street | ||||||||||
14.03 | 155 Montague Street | ||||||||||
15 | 120 Wall Street | Hard/Springing Cash Management | |||||||||
16 | One Stockton | Hard/Springing Cash Management | |||||||||
17 | Summerfield Apartments | Springing | |||||||||
18 | Commerce Corporate Center | Springing | |||||||||
19 | Courtyard Marriott Solana Beach | Springing | |||||||||
20 | 100 Brandywine Boulevard | Hard/Springing Cash Management | |||||||||
21 | West River Flats | Soft/Springing Cash Management | |||||||||
22 | 37 East 28th Street | Hard/Upfront Cash Management | |||||||||
23 | Centre Point | Springing | |||||||||
24 | Hyde Park Multifamily Portfolio | Springing | |||||||||
24.01 | 1101 East Hyde Park Boulevard | ||||||||||
24.02 | 1440 East 52nd Street | ||||||||||
24.03 | 5557 South University Avenue | ||||||||||
24.04 | 1154 East 56th Street | ||||||||||
24.05 | 5429 South Woodlawn Avenue | ||||||||||
25 | 284 West Shaw and 1701 Santa Clara | Springing | |||||||||
25.01 | 284 West Shaw Avenue | ||||||||||
25.02 | 1701 Santa Clara Drive | ||||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | Springing | |||||||||
26.01 | Riverdale Portfolio | ||||||||||
26.02 | 5450 South Indiana | ||||||||||
26.03 | 6733 South Perry | ||||||||||
26.04 | 6643 South Perry | ||||||||||
27 | Alto 211 | Hard/Springing Cash Management | |||||||||
28 | 170 North High Street | Springing | |||||||||
29 | Holiday Inn Salina | Springing | |||||||||
30 | Twilley Center | Springing | |||||||||
31 | Tractor Supply Portfolio | Hard/Springing Cash Management | |||||||||
31.01 | Tractor Supply Naples | ||||||||||
31.02 | Tractor Supply Sarasota | ||||||||||
32 | Radcliff Apartment Portfolio | Springing | |||||||||
32.01 | Christopher Square Apartments | ||||||||||
32.02 | Navaho Drive Apartments | ||||||||||
32.03 | Woodland Drive Apartments | ||||||||||
33 | Plaza Del Mar | Springing | |||||||||
34 | National Self Storage - Dove Mountain | Springing | |||||||||
35 | Clearfork MHC and Town & Country MHC Portfolio | Springing | |||||||||
35.01 | Town & Country MHC | ||||||||||
35.02 | Clearfork MHC | ||||||||||
36 | Baltimore Station | Springing | |||||||||
37 | 866 UN Plaza | Hard/Springing Cash Management | |||||||||
38 | Tree Garden Business Park | Springing | |||||||||
39 | 126 N Jefferson | Springing | |||||||||
40 | Golden Cove MHC | Springing | |||||||||
41 | The Meadows and Westwood II & III Apartments | Springing | |||||||||
41.01 | Westwood Apartments II & III | ||||||||||
41.02 | The Meadows Apartments | ||||||||||
42 | Fabric Lofts Apartments | Springing | |||||||||
43 | Jefferson Square Plaza | Springing | |||||||||
44 | Satterfield Marketplace | Springing | |||||||||
45 | 5555 West Loop Office | Springing | |||||||||
46 | 1226 E. 7th Street | Springing | |||||||||
47 | 1047 E. 7th Street | Springing | |||||||||
48 | 409-413 E. 7th Street | Springing |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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($) | Pari Passu (Y/N) | Pari Passu Note Control (Y/N) | Pari Passu Piece In-Trust Cut-Off Balance | Pari Passu Piece Non-Trust Cut-Off Balance | Total Cut-off Date Pari Passu Debt |
1 | McClellan Park | Y | N | 69,000,000 | 289,000,000 | 358,000,000 | ||||
2 | MGM Grand & Mandalay Bay | 65.2% | 9.7% | 9.7% | Y | N | 45,000,000 | 1,589,200,000 | 1,634,200,000 | |
2.01 | MGM Grand | 65.2% | 9.7% | 9.7% | ||||||
2.02 | Mandalay Bay | 65.2% | 9.7% | 9.7% | ||||||
3 | Pacific Gateway II | N | ||||||||
4 | CoLinx Distribution Center | N | ||||||||
5 | The Arboretum | Y | N | 34,890,190 | 64,796,067 | 99,686,258 | ||||
6 | HPE Campus | Y | N | 26,770,000 | 40,000,000 | 66,770,000 | ||||
7 | Alto Pomona | N | ||||||||
8 | Palmetto Plaza | N | ||||||||
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | N | ||||||||
9.01 | The Douglass Apartments | |||||||||
9.02 | 7748 South Essex Apartments | |||||||||
9.03 | 7635 South East End Apartments | |||||||||
9.04 | 7625 South East End Apartments | |||||||||
9.05 | 7800 South Sangamon Apartments | |||||||||
9.06 | 8056 South Marshfield Apartments | |||||||||
9.07 | South Shore Courtyard | |||||||||
10 | Sullyfield Commerce Center I & II | N | ||||||||
11 | 10725 North De Anza Boulevard | N | ||||||||
12 | Bel Villaggio | N | ||||||||
13 | Home Depot - Gardena | N | ||||||||
14 | Stone & Montague Portfolio | N | ||||||||
14.01 | 6 Stone Street | |||||||||
14.02 | 162 Montague Street | |||||||||
14.03 | 155 Montague Street | |||||||||
15 | 120 Wall Street | Y | N | 15,000,000 | 150,000,000 | 165,000,000 | ||||
16 | One Stockton | Y | N | 15,000,000 | 51,000,000 | 66,000,000 | ||||
17 | Summerfield Apartments | N | ||||||||
18 | Commerce Corporate Center | N | ||||||||
19 | Courtyard Marriott Solana Beach | Y | Y | 14,303,056 | 11,343,803 | 25,646,859 | ||||
20 | 100 Brandywine Boulevard | N | ||||||||
21 | West River Flats | N | ||||||||
22 | 37 East 28th Street | N | ||||||||
23 | Centre Point | N | ||||||||
24 | Hyde Park Multifamily Portfolio | N | ||||||||
24.01 | 1101 East Hyde Park Boulevard | |||||||||
24.02 | 1440 East 52nd Street | |||||||||
24.03 | 5557 South University Avenue | |||||||||
24.04 | 1154 East 56th Street | |||||||||
24.05 | 5429 South Woodlawn Avenue | |||||||||
25 | 284 West Shaw and 1701 Santa Clara | N | ||||||||
25.01 | 284 West Shaw Avenue | |||||||||
25.02 | 1701 Santa Clara Drive | |||||||||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | N | ||||||||
26.01 | Riverdale Portfolio | |||||||||
26.02 | 5450 South Indiana | |||||||||
26.03 | 6733 South Perry | |||||||||
26.04 | 6643 South Perry | |||||||||
27 | Alto 211 | N | ||||||||
28 | 170 North High Street | N | ||||||||
29 | Holiday Inn Salina | N | ||||||||
30 | Twilley Center | N | ||||||||
31 | Tractor Supply Portfolio | N | ||||||||
31.01 | Tractor Supply Naples | |||||||||
31.02 | Tractor Supply Sarasota | |||||||||
32 | Radcliff Apartment Portfolio | N | ||||||||
32.01 | Christopher Square Apartments | |||||||||
32.02 | Navaho Drive Apartments | |||||||||
32.03 | Woodland Drive Apartments | |||||||||
33 | Plaza Del Mar | N | ||||||||
34 | National Self Storage - Dove Mountain | N | ||||||||
35 | Clearfork MHC and Town & Country MHC Portfolio | N | ||||||||
35.01 | Town & Country MHC | |||||||||
35.02 | Clearfork MHC | |||||||||
36 | Baltimore Station | N | ||||||||
37 | 866 UN Plaza | N | ||||||||
38 | Tree Garden Business Park | N | ||||||||
39 | 126 N Jefferson | N | ||||||||
40 | Golden Cove MHC | N | ||||||||
41 | The Meadows and Westwood II & III Apartments | N | ||||||||
41.01 | Westwood Apartments II & III | |||||||||
41.02 | The Meadows Apartments | |||||||||
42 | Fabric Lofts Apartments | N | ||||||||
43 | Jefferson Square Plaza | N | ||||||||
44 | Satterfield Marketplace | N | ||||||||
45 | 5555 West Loop Office | N | ||||||||
46 | 1226 E. 7th Street | N | ||||||||
47 | 1047 E. 7th Street | N | ||||||||
48 | 409-413 E. 7th Street | N |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Sponsor(5)(12) | Affiliated Sponsors | Mortgage Loan Number |
1 | McClellan Park | McClellan Business Park, LLC | N | 1 |
2 | MGM Grand & Mandalay Bay | BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP | N | 2 |
2.01 | MGM Grand | 2.01 | ||
2.02 | Mandalay Bay | 2.02 | ||
3 | Pacific Gateway II | Rohit Kumar; Jayaprasad Vejendla | N | 3 |
4 | CoLinx Distribution Center | John A. Hagen; Margaret L. Cannava; Chester L. Koprovic | N | 4 |
5 | The Arboretum | AAC Consolidated Properties, LLC; Riprand Count Arco | N | 5 |
6 | HPE Campus | John Gaghan; Waleed Mohammed; Abdullah Alwehaib | N | 6 |
7 | Alto Pomona | Alfred R. Garcia; Margaret Garcia | N | 7 |
8 | Palmetto Plaza | Michael Lapointe; Adam Greenberg; Amit Raizada | N | 8 |
9 | Goldman Chicago Multifamily Portfolio Tranche 3 | Goldman Investments; Hadar Goldman; Yaacov Jake Metzler; IBI Investment House Ltd. | Y - Group 1 | 9 |
9.01 | The Douglass Apartments | 9.01 | ||
9.02 | 7748 South Essex Apartments | 9.02 | ||
9.03 | 7635 South East End Apartments | 9.03 | ||
9.04 | 7625 South East End Apartments | 9.04 | ||
9.05 | 7800 South Sangamon Apartments | 9.05 | ||
9.06 | 8056 South Marshfield Apartments | 9.06 | ||
9.07 | South Shore Courtyard | 9.07 | ||
10 | Sullyfield Commerce Center I & II | Barry Malkin; Stephen J. Malkin; Randi H. Steinberger; Neal Gumbin; Jill Gumbin Hansen; David Goldstein; Helaine D. Levy; David Beckham | N | 10 |
11 | 10725 North De Anza Boulevard | Walnut Hill Group LLC - Series A | N | 11 |
12 | Bel Villaggio | Deba Shyam | N | 12 |
13 | Home Depot - Gardena | Stephen J. Muller; Jon M. Muller | N | 13 |
14 | Stone & Montague Portfolio | Abe Cohen; Jeffrey Lefkovits | N | 14 |
14.01 | 6 Stone Street | 14.01 | ||
14.02 | 162 Montague Street | 14.02 | ||
14.03 | 155 Montague Street | 14.03 | ||
15 | 120 Wall Street | Silverstein Holdco I LLC | N | 15 |
16 | One Stockton | Ben Ashkenazy | N | 16 |
17 | Summerfield Apartments | Kevin O’Brien | N | 17 |
18 | Commerce Corporate Center | Garrett R. Benner; Dennis E. Benner; Brandon M. Benner | N | 18 |
19 | Courtyard Marriott Solana Beach | Bharat K. Lall | N | 19 |
20 | 100 Brandywine Boulevard | Pembroke IV LLC; Pembroke Brandywine Investors LLC; TCM Brandywine LLC; John B. Vander Zwaag; Richard Hamlin; Janet Kaz; Benjamin Adams | N | 20 |
21 | West River Flats | Mirko Otto | N | 21 |
22 | 37 East 28th Street | Mayer Chemtob | N | 22 |
23 | Centre Point | Kevin J. Silverang | N | 23 |
24 | Hyde Park Multifamily Portfolio | LARP Holdings, LLC; Atheus Capital, LLC; Eli Ungar | N | 24 |
24.01 | 1101 East Hyde Park Boulevard | 24.01 | ||
24.02 | 1440 East 52nd Street | 24.02 | ||
24.03 | 5557 South University Avenue | 24.03 | ||
24.04 | 1154 East 56th Street | 24.04 | ||
24.05 | 5429 South Woodlawn Avenue | 24.05 | ||
25 | 284 West Shaw and 1701 Santa Clara | David Lawver; The David James Lawver Living Trust | N | 25 |
25.01 | 284 West Shaw Avenue | 25.01 | ||
25.02 | 1701 Santa Clara Drive | 25.02 | ||
26 | Goldman Chicago Multifamily Portfolio Tranche 4 | Goldman Investments; Hadar Goldman | Y - Group 1 | 26 |
26.01 | Riverdale Portfolio | 26.01 | ||
26.02 | 5450 South Indiana | 26.02 | ||
26.03 | 6733 South Perry | 26.03 | ||
26.04 | 6643 South Perry | 26.04 | ||
27 | Alto 211 | Mukemmel Sarimsakci; Guner Turkmen | N | 27 |
28 | 170 North High Street | Elissa C. Gunsorek; Elissa C. Gunsorek, as trustee of The G-ATM et al 2013 Trust | N | 28 |
29 | Holiday Inn Salina | Larry-Bharat Patel; Rekha-Larry Bharat Patel | N | 29 |
30 | Twilley Center | Englantina Gega | N | 30 |
31 | Tractor Supply Portfolio | John E. Young | N | 31 |
31.01 | Tractor Supply Naples | 31.01 | ||
31.02 | Tractor Supply Sarasota | 31.02 | ||
32 | Radcliff Apartment Portfolio | Kirsten Stumpf; John Stumpf | N | 32 |
32.01 | Christopher Square Apartments | 32.01 | ||
32.02 | Navaho Drive Apartments | 32.02 | ||
32.03 | Woodland Drive Apartments | 32.03 | ||
33 | Plaza Del Mar | Jack Sheero; Joel Sheero; Ezra Sheero; Aviva Sheero; Sami Sheero | N | 33 |
34 | National Self Storage - Dove Mountain | Robert H. Schoff; Travis M. Morrow; Ted L. Williams; Tarik J. Williams; Robert H. Schoff Revocable Trust; Tarik J. & Jamie L. Williams Revocable Trust | N | 34 |
35 | Clearfork MHC and Town & Country MHC Portfolio | Daniel Benedict; Steven Cherin; John Michael Calin; Dr. Anant J. Gandhi, as Trustee of the SASB Irrevocable Trust Dated June 14, 2014 | N | 35 |
35.01 | Town & Country MHC | 35.01 | ||
35.02 | Clearfork MHC | 35.02 | ||
36 | Baltimore Station | Platform Neighborhood Investment Fund I LP and 6001 Fund LLC | N | 36 |
37 | 866 UN Plaza | Michael H. Heller; Michael Rudder; Gary Spindler | N | 37 |
38 | Tree Garden Business Park | Humberto Verre Filho | N | 38 |
39 | 126 N Jefferson | Matthew Felton; Justin Graham; William Felton | N | 39 |
40 | Golden Cove MHC | Clayton Carter; Matthew Baldwin | N | 40 |
41 | The Meadows and Westwood II & III Apartments | Jason Donald Hilton | N | 41 |
41.01 | Westwood Apartments II & III | 41.01 | ||
41.02 | The Meadows Apartments | 41.02 | ||
42 | Fabric Lofts Apartments | Damon Mascieri | N | 42 |
43 | Jefferson Square Plaza | Andor Kovac | N | 43 |
44 | Satterfield Marketplace | Jose Chacalo Hilu; Elias Husni Hanono | N | 44 |
45 | 5555 West Loop Office | Keeley Megarity | N | 45 |
46 | 1226 E. 7th Street | Paul J. Fairbrook | Y - Group 2 | 46 |
47 | 1047 E. 7th Street | Paul J. Fairbrook | Y - Group 2 | 47 |
48 | 409-413 E. 7th Street | Paul J. Fairbrook | Y - Group 2 | 48 |
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, “Barclays” denotes Barclays Capital Real Estate Inc., “LMF” denotes LMF Commercial, LLC, “BSPRT” denotes BSPRT CMBS Finance, LLC and “AREF” denotes Argentic Real Estate Finance LLC | |||
(2) | For mortgage loan #1 (McClellan Park), the # of Units includes 4,193,496 square feet of warehouse and manufacturing, 1,728,393 square feet of office, research and commercial, 843,221 square feet of airfield, 157,254 square feet of residential and 3,120 square feet of yard space. | |||
For mortgage loan #2 (MGM Grand & Mandalay Bay), each of the related mortgaged properties consists of a resort and casino and, as of the trailing 12 months ending June 30, 2020 (i) with respect to the Mandalay Bay mortgaged property, approximately 33.8% of the revenues were from hotel rooms, approximately 29.8% of the revenues were from food and beverage sales, approximately 13.6% of the revenues were from gaming, and approximately 22.8% of the revenues were from other sources and (ii) with respect to the MGM Grand mortgaged property, approximately 26.2% of the revenues were from hotel rooms, approximately 27.4% of the revenues were from food and beverage sales, approximately 24.4% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources. | ||||
For mortgage loan #14 (Stone & Montague Portfolio), three of the mortgaged properties, 6 Stone Street Property, 162 Montague Street Property, and 155 Montague Street Property, are comprised of office, multifamily, and retail space. The 6 Stone Street Property is comprised of 3,600 square feet, 4,085 square feet, and 1,800 square feet of retail, office, and multifamily space (1 unit), respectively, totaling 9,485 square feet (39.7% of Portfolio NRA). The 162 Montague Street Property is comprised of 2,400 square feet, 1,905 square feet, and 3,000 square feet of retail, office and multifamily space (2 units), respectively, totaling 7,305 square feet (30.6% of Portfolio NRA). The 155 Montague Street Property is comprised of 3,820 square feet and 3,300 square feet of retail and multifamily space (3 units), respectively, totaling 7,120 square feet (29.8% of Portfolio NRA). | ||||
For mortgage loan #22 (37 East 28th Street), the mortgaged property is comprised of 37,728 square feet of office space (85.6% of NRA) and 6,365 square feet of retail space (14.4% of NRA). | ||||
For mortgage loan #24 (Hyde Park Multifamily Portfolio – 1440 East 52nd Street), the Number of Units consists of 31 apartment units and 2,206 square feet of retail space. The retail component accounts for 2.2% of underwritten gross potential income. | ||||
For mortgage loan #36 (Baltimore Station), the mortgaged property is comprised of 17,040 square feet of multifamily space (65.4% of NRA) across 24 units and 9,029 square feet of commercial space (34.6% of NRA). | ||||
(3) | For mortgage loan #2 (MGM Grand & Mandalay Bay), the Appraised Value of $4,600,000,000 represents the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay mortgaged properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay mortgaged properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased Sale Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay bay mortgaged Properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay mortgaged properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay mortgaged properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as |
more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay borrowers to the mortgage lender. | ||||||||||||||
For mortgage loan #7 (Alto Pomona), the Appraised Value is based on the “Prospective Market Value upon Stabilization” appraised value of $34,900,000, which assumes that the sole tenant, Alto Systems, Inc. occupies 56% of the Alto Pomona Property and subleases 44% of the Alto Pomona Property to Yamamotoyama U.S.A. The appraiser also concluded to a “Hypothetical Market Value as if Roof Replaced” appraised value of $31,600,000, which assumes that the roof at the Alto Pomona Property has been replaced. The roof replacement is required to be completed by October 22, 2021 or an event of default will occur. At origination, $1,000,000 was reserved for roof replacement work. The Cut-off LTV Ratio and LTV Ratio at Maturity based on the $31,600,000 “Hypothetical Market Value as if Roof Replaced” appraised value are 74.8% and 64.2%, respectively. The “As-Is” appraised value for the Alto Pomona Property is $30,800,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity based on the $30,800,000 “As-Is” appraised value are 76.7% and 65.9%, respectively. See Annex A-3 for further details. | ||||||||||||||
For mortgage loan #36 (Baltimore Station), the Appraised Value reflects the “as-stabilized” appraised value, which assumes a stabilized occupancy of 95.0%. As of October 19, 2020 and November 1, 2020 for the multifamily and commercial rent roll respectively, the mortgaged property is 94.8% leased, however, three commercial tenants Créme Brulee Paul Mitchell Salon (2,771 square feet /10.6% of NRA), Djozkowski, L.L.C (dba Time Will Tell) (1,215 square feet/4.7% of NRA), and Spaulding DeDecker (1,650 square feet/6.3% of NRA) are not yet in occupancy. These tenants are expected take occupancy by February 2021. An “as-is” appraised value was not provided in the appraisal. | ||||||||||||||
(4) | For mortgage loan #19 (Courtyard Marriott Solana Beach Mortgage Loan), occupancy as of September 2020 is 59.6%, which is less than underwritten occupancy of 83.9%. A debt service reserve of $709,246 was funded post-origination. | |||||||||||||
(5) | For mortgage loan #6 (HPE Campus), the mortgaged property is operated pursuant to a master lease financing facility agreement between the related borrower, as master lessor, and DC Roseville Operator LLC, an affiliate of the borrower sponsor, as master lessee, in connection with the Shari’ah compliant loan structure. The master lease financing facility agreement is scheduled to expire in March 2030 and is subordinate to the mortgage loan. See “Risk Factors—Risks Relating to Shari’ah Compliant Loans,” “Description of the Mortgage Pool— Mortgage Pool Characteristics—Shari’ah Compliant Loan” and “—Tenant Issues—Affiliated Leases” in this prospectus. | |||||||||||||
(6) | Certain tenants may not be in occupancy or may be in free rent periods. In particular, with respect to (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 mortgage loans and (iii) tenants that, or affiliated tenants that (in the aggregate), occupy 50% or more of the net rentable area of, or represent 50% or more of the underwritten revenues of related Mortgage Properties, certain of such tenants have not taken possession or commenced paying rent or are not yet fully operational or may have subleased a portion of the leased space. For more information see “Description of the Mortgage Pool—Tenant Issues—Other” and the Annex A-3 in this prospectus for additional information. | |||||||||||||
For mortgage loan #20 (100 Brandywine Boulevard), the largest tenant (51,320 square feet), representing 48.7% of the net rentable square feet of the mortgaged property, has five free months of rent from September 2024 through January 2025. The borrower reserved 25.0% of the outstanding free rent at origination and is required to make monthly deposits of $10,935 until the $641,500 cap has been reached. The second largest tenant (15,493 square feet), representing 14.7% of the net rentable square feet of the mortgaged property, has a free month of rent in January 2021. At origination, the borrower reserved 100.0% of the outstanding free rent for this tenant. |
For mortgage loan #39 (126 N Jefferson), the largest tenant (12,673 square feet), representing 18.7% of the net rentable square feet of the mortgaged property, has eight free months of rent for their expansion space from October 2020 through May 2021. At origination, the borrower reserved 100.0% of the outstanding free rent for this tenant. The second largest tenant (12,665 square feet), representing 18.6% of the net rentable square feet of the mortgaged property, has three free months of rent for their expansion space from February 2021 through April 2021. Additionally, the second largest tenant has two free months of rent for their original space from February 2021 through March 2021. At origination, the borrower reserved 100.0% of the outstanding free rent for this tenant. The third largest tenant (9,252 square feet), representing 13.6% of the net rentable square feet of the mortgaged property, has a free month of rent in June for the next three years of the lease term with the next free rent month in June 2021. At origination, the borrower reserved 100.0% of the outstanding free rent for this tenant. The fifth largest tenant (5,265 square feet), representing 7.8% of the net rentable square feet of the mortgaged property, has a free month of rent in December for the next two years of the lease term with the next free rent month in December 2020. At origination, the borrower reserved 100.0% of the outstanding free rent for this tenant. | ||||||||||||||
(7) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. In particular, with respect to (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 mortgage loans and (iii) tenants that, or affiliated tenants that (in the aggregate), occupy 50% or more of the net rentable area of, or represent 50% or more of the underwritten revenues of related Mortgaged Properties, certain of such tenants have unilateral termination options or termination options related to lack of appropriations with respect to all or a portion of their space. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in this prospectus for additional information, as well as the charts entitled “Major Tenants” and “Lease Expiration Schedules” for the 15 largest mortgage loans or groups of cross-collateralized mortgage loans presented on Annex A-3 to this prospectus. | |||||||||||||
For mortgage loan #18 (Commerce Corporate Center), the largest tenant (7,075 square feet), representing 3.6% of the net rentable square feet, has an option to terminate its lease (i) as of November 30, 2021 by providing a written notice by May 31, 2021 and paying a termination fee of $71,754.65, and (ii) as of November 30, 2022 by providing a written notice by May 31, 2022 and paying a termination fee of $35,877.33. | ||||||||||||||
For mortgage loan #27 (Alto 211), the third largest tenant, has the right to terminate its lease during the 15th or 39th month of the lease term by providing six months’ notice and paying a termination fee of $121,521.69 or $67,214.69, respectively. | ||||||||||||||
For mortgage loan #23 (Centre Point), the third largest tenant (9,904 square feet), representing 7.5% of the net rentable square feet, has a one-time right to terminate the lease effective on February 29, 2023 by providing no less than 10 months prior written notice and paying an early termination fee equal to the sum of (a) three months’ fixed rent at the then applicable rates, (b) any unamortized portion of the improvement allowance, and (c) any unamortized leasing commissions and other transaction costs. | ||||||||||||||
For mortgage loan #28 (170 North High Street), the sole tenant (71,308 square feet), representing 92.9% of the net rentable square feet, may terminate its lease at any time on or after April 3, 2025 by providing a 60 days’ prior written notice. | ||||||||||||||
For mortgage loan #36 (Baltimore Station), the third largest tenant, Spalding DeDecker, may terminate its lease after the first 60 months of the lease term upon 12 months’ notice. | ||||||||||||||
For mortgage loan #43 (Jefferson Square Plaza), the fifth largest tenant (2,000 square feet), representing 3.8% of the net rentable square feet, has the right to cancel its lease and vacate by providing a 180 days’ prior written notice. | ||||||||||||||
(8) | For mortgage loan #1 (McClellan Park), the fifth largest tenant (267,618 square feet), representing 3.9% of net rentable square feet, has lease expiration dates of December 31, 2021 |
for 254,511 square feet, November 30, 2022 for 8,250 square feet and July 31, 2022 on 4,857 square feet. | ||||||||||||||
(9) | For mortgage loan #5 (The Arboretum), the monthly TI/LC reserve escrow adjusts to $57,907.50 in November 2021 and $46,326.00 in November 2022. | |||||||||||||
For mortgage loan #12 (Bel Villaggio), at origination, the original mortgage loan amount was $16,965,000 which included an earnout reserve of $1,500,000 relating to the renewal of the KB Home Coastal lease (“KB Home”). In March 2020, KB Home renewed its lease. In August 2020, the earnout reserve was applied as follows: (i) $650,000 was released to the borrower, (ii) $802,750 was applied to the reduction of the mortgage loan balance, and (iii) $47,250 was transferred to a KB Home tenant improvement reserve. As of the Cut-off Date, the outstanding principal balance of the mortage loan is $16,162,250. | ||||||||||||||
For mortgage loan #15 (120 Wall Street), the initial TI/LC reserve includes $415,000 in tenant specific tenant improvement allowances, which count towards the TI/LC cap. | ||||||||||||||
For mortgage loan #18 (Commerce Corporate Center), on each payment date (i) occurring on or before November 6, 2022, the borrower is required to deposit with the lender an amount equal to $41,666.67 and (ii) occurring after November 6, 2022, the borrower is required to deposit with the lender an amount equal to $20,343.85 to the TI/LC reserve. | ||||||||||||||
For mortgage loan #29 (Holiday Inn Salina), due to the coronavirus pandemic, the borrower and the lender entered into a forbearance agreement dated May 20, 2020, which allowed for the deferral of monthly principal and interest payments and monthly FF&E deposits so long as the borrower paid (i) all operating expenses and tax and insurance reserve payments regardless of whether cash flow was sufficient to pay for the same and (ii) debt service and remaining reserves to the extent cash flow was sufficient to pay for the same. During the forbearance period (May to July 2020), the borrower made full payments of principal and interest, and the mortgage loan is current as of November 2020. The forbearance expired on July 6th and because the Mortgaged Property’s June revenue exceeded the $150,000 extension test, the borrower did not qualify for an extension. The borrower has obtained a Payroll Protection Program loan in the amount of $244,000. | ||||||||||||||
For mortgage loan #41 (The Meadows and Westwood II & III Apartments), if at any time the funds in the debt service reserve fall below $40,000, the borrower will be required to deposit an additional $40,000 into the reserve. The monthly replacement reserve will increase by two percent (2%) on each anniversary of the first payment date. Following the payment date occurring in November 2021, provided that no event of default then exists and the debt yield is equal to or greater than 8.75%, the funds available in the debt service reserve account will be disbursed to the borrower. | ||||||||||||||
(10) | For mortgage loan #22 (37 East 28th Street), the LTVs, DSCRs and debt yields are calculated net of the $500,000 upfront holdback, which may be disbursed at the borrower’s request at any time prior to November 18, 2022, provided that (i) no event of default or cash trap period then exists and (ii) the mortgaged property has achieved a debt yield of at least 9.5% for at least one calendar quarter (based on actual rent paid by tenants in occupancy). Pursuant to the related mortgage loan documents, the lender will apply any holdback funds remaining after November 18, 2022 to a partial prepayment of the mortgage loan, and the borrower will be required to pay (i) the applicable yield maintenance premium, (ii) all reasonable out-of-pocket costs and expenses of the lender and (iii) as applicable, any interest that would have accrued up to (but not including) the next payment date. The Cut-off Date LTV, Maturity Date LTV, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield without adjusting for the holdback are 43.1%, 43.1%, 2.15x, 2.06x, 9.5% and 9.1%, respectively. | |||||||||||||
For mortgage loan #26 (Goldman Chicago Multifamily Portfolio Tranche 4), the DSCRs and Debt Yields are calculated assuming the full Cut-off Date Balance net of a holdback amount of $2,000,000. The holdback can be disbursed in up to two parts, at any time on or before the payment date occurring in May 2023, provided that the following conditions are satisfied, among other things: (i) the borrower has delivered to the lender, concurrently with any such request, an |
officer’s certificate and a certificate from a responsible officer of manager, in each case in a form reasonably satisfactory to lender and certifying collections to lender’s satisfaction such that after giving effect to the requested disbursement of the holdback, the net operating income debt yield is greater than or equal to 10.65%; (ii) no event of default has occurred or is continuing; and (iii) the borrowers request must be for no less than fifty percent (50%) of the initial amount of the holdback (excluding the final disbursement request, which may be for less). If the holdback has not been released by May 6, 2023, the lender must apply the unreleased proceeds to pay down the mortgage loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full holdback balance is not applied to the full Cut-off Date Balance amount of $9,300,000, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 1.62x, 1.53x, 8.7% and 8.2%, respectively. | ||||||||||||||
(11) | For mortgage loan #4 (CoLinx Distribution Center), the leasehold will convert to a fee when the ground lease expires on December 31, 2025; the fee interest has been subordinated to the leasehold mortgage. | |||||||||||||
(12) | For mortgage loan #1 (McClellan Park), the fourth largest tenant (280,839 square feet), representing 4.1% of net rentable square feet, is an affiliate of the borrower. | |||||||||||||
For mortgage loan #7 (Alto Pomona), the sole tenant, Alto Systems is an affiliate of the borrower. | ||||||||||||||
For mortgage loan #14 (Stone & Montague Portfolio), the largest tenant at the 162 Montague Street Mortgage Property (1,905 square feet), representing 8.0% of net rentable square feet, is an affiliate of the borrower. The borrower and guarantors executed a master lease agreement to guarantee rent payments under the Urban Equities lease until October 23, 2035. | ||||||||||||||
For mortgage loan #45 (5555 West Loop Office), the second largest tenant (4,069 square feet), representing 7.6% of net rentable square feet, is an affiliate of the borrower. |