FWP 1 n1501_anxa1-x5.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226486-04
     

  

     
 

WFCM 2019-C49 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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., 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.

  
     

 

 

 

 

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 Specific Property Type Year
Built		 Year
Renovated
1 Innisfree Portfolio LCF   Various Fort Walton Beach FL 32548 Hospitality Full Service Various  
1.01 Hilton Garden Inn Fort Walton Beach LCF   1297 Miracle Strip Parkway Southeast Fort Walton Beach FL 32548 Hospitality Full Service 2017  
1.02 Holiday Inn Fort Walton Beach LCF   1299 Miracle Strip Parkway Southeast Fort Walton Beach FL 32548 Hospitality Full Service 2014  
2 Bristow Center WFB   10250-10492 Bristow Center Drive Bristow VA 20136 Retail Anchored 2007  
3 Residence Inn Denver City Center WFB   1725 Champa Street Denver CO 80202 Hospitality Extended Stay 2006 2018
4 Shops at Trace Fork RMF   50 RHL Boulevard Charleston WV 25309 Retail Anchored 1999  
5 575 Maryville Barclays   575 Maryville Centre Drive Town & Country MO 63141 Office Suburban 1999  
6 Grapevine Station WFB   1022 Texan Trail Grapevine TX 76051 Multifamily Garden 2013  
7 Nostrand Avenue Shopping Center Barclays   3779-3861 Nostrand Avenue Brooklyn NY 11235 Retail Anchored 1960  
8 Roseville Shopping Center RMF   1901-1913,1919-1925,1927 Douglas Boulevard Roseville CA 95661 Retail Shadow Anchored 1991  
9 Northchase Office Portfolio WFB   Various Various GA Various Office Suburban Various 2018
9.01 Northchase WFB   1165 Northchase Parkway Southeast Marietta GA 30067 Office Suburban 1986 2018
9.02 Crestwood WFB   3675 Crestwood Parkway Northwest Duluth GA 30096 Office Suburban 1987 2018
9.03 Mansell WFB   675 and 695 Mansell Road Roswell GA 30076 Office Suburban 1999 2018
10 Catania Pasadena Barclays   277 West Green Street Pasadena CA 91101 Multifamily Mid Rise 2012  
11 Merge Office WFB   5405, 5455 and 5555 Garden Grove Boulevard Westminster CA 92683 Office Suburban 1981 2017
12 DoubleTree Leominster WFB   99 Erdman Way Leominster MA 01453 Hospitality Full Service 1988 2017
13 Dominion Tower LCF   999 Waterside Drive Norfolk VA 23502 Office CBD 1988 2018
14 Tristone Flowtech USA LCF   100 Manufacturers Boulevard Mooresville NC 28115 Industrial Manufacturing/Warehouse 2018  
15 StaxUp Self Storage - San Ysidro WFB   2260 Via Tercero San Diego CA 92173 Self Storage Self Storage 1985  
16 The Edge Apartments LCF   2770 Pine Knoll Drive Auburn Hills MI 48326 Multifamily Student Housing 1990 2018
17 Radisson Yuma LCF   1501 South Redondo Center Drive Yuma AZ 85365 Hospitality Full Service 2009 2018
18 Proguard Self Storage - Braeswood WFB   4456 North Braeswood Boulevard Houston TX 77096 Self Storage Self Storage 2008  
19 Florissant Marketplace RMF   8182 North Lindbergh Boulevard Florissant MO 63031 Retail Anchored 1973 2007
20 9th Street Marketplace WFB   5600, 5664 and 5672 South 900 East Murray UT 84121 Retail Anchored 1963 2001
21 Westport US Storage NY & CA WFB   Various Various Various Various Self Storage Self Storage Various  
21.01 US Storage - Hawthorne, NY WFB   130 and 153 Brady Avenue Hawthorne NY 10532 Self Storage Self Storage 1980  
21.02 US Storage - Harbor City, CA WFB   1239 West 253rd Street Harbor City CA 90710 Self Storage Self Storage 1987  
22 601 Hudson Street LCF   601 Hudson Street New York NY 10014 Multifamily Mid Rise 1885  
23 Custer Park RMF   2929 & 3131 Custer Road Plano TX 75075 Retail Shadow Anchored 1983  
24 One River Place Barclays   1 River Place Wilmington DE 19801 Office CBD 2004  
25 1302-1316 Montana Avenue Barclays   1302-1316 Montana Avenue Santa Monica CA 90403 Mixed Use Retail/Office 1934 1989
26 AAA Storage Barclays   1232 Geneva Highway, 2801 Rucker Boulevard and 4021 Salem Road Enterprise AL 36330 Self Storage Self Storage 1997 2018
27 La Puente Yard WFB   351-359 North Covina Lane La Puente CA 91746 Industrial Warehouse 1962 2001
28 Rockaway Commons RMF   204-212 Route 46 Rockaway NJ 07866 Retail Anchored 2006  
29 Staybridge Suites - Oconomowoc CIIICM   1141 Blue Ribbon Drive Oconomowoc WI 53066 Hospitality Extended Stay 2009 2017
30 Holland Art Van LCF   1301 East Mall Drive Holland OH 43528 Retail Single Tenant 2013  
31 Country Inn & Suites - Orlando RMF   7701 Universal Boulevard Orlando FL 32819 Hospitality Limited Service 2000  
32 Woodmen Corporate Center WFB   7150 Campus Drive Colorado Springs CO 80920 Office Suburban 1985 2018
33 Westpointe Retail Center WFB   8603 State Highway 151 San Antonio TX 78245 Retail Unanchored 2008  
34 Homewood Suites Laredo LCF   98 Calle Del Norte Road Laredo TX 78041 Hospitality Extended Stay 2005 2015
35 OKC MHP Portfolio CIIICM   Various Various OK Various Manufactured Housing Community Manufactured Housing Community 1980 Various
35.01 El Reno MHP CIIICM   1501 South Rock Island Avenue El Reno OK 73036 Manufactured Housing Community Manufactured Housing Community 1980 2018
35.02 Sunnylane MHP CIIICM   17200 South Sunnylane Road Norman OK 73071 Manufactured Housing Community Manufactured Housing Community 1980 2017
35.03 Skyview MHP CIIICM   1644 East US 66 El Reno OK 73036 Manufactured Housing Community Manufactured Housing Community 1980 2017
36 Heatherstone Apartments RMF   9730 East 33rd Street Tulsa OK 74146 Multifamily Garden 1970 2018
37 Jewel-Osco Elgin RMF   1660 Larkin Avenue Elgin IL 60123 Retail Single Tenant 1968 2009
38 19501 South Santa Fe Avenue WFB   19501 South Santa Fe Avenue Rancho Dominguez CA 90221 Industrial Warehouse 1957 1985
39 Stoneridge III CIIICM   40900 Woodward Avenue Bloomfield Hills MI 48304 Office Suburban 1984 2015
40 East North Self Storage RMF   4329 East North Street Greenville SC 29615 Self Storage Self Storage 2000  
41 Central Park Apartments LCF   631 Orleans Street Detroit MI 48207 Multifamily Garden 1963 2017
42 Hampton Inn Brevard RMF   275 Forest Gate Drive Pisgah Forest NC 28768 Hospitality Limited Service 1996 2018
43 Too Much Self Storage WFB   2010 South University Avenue Little Rock AR 72204 Self Storage Self Storage 2002  
44 Shadow Glen Apartments RMF   2800 Floyd Avenue Modesto CA 95355 Multifamily Garden 1987  
45 599 Johnson Ave LCF   599 Johnson Avenue Brooklyn NY 11237 Mixed Use Retail/Office 1931 2017
46 659 Broadway RMF   659 Broadway New York NY 10012 Retail Single Tenant 1930  
47 100 Gardner Park LCF   100 Gardner Park Peachtree City GA 30269 Mixed Use Industrial/Office 1998 2017
48 St. Lucie MHC Barclays   11500 Southwest Kanner Highway Indiantown FL 34956 Manufactured Housing Community Manufactured Housing Community 1963  
49 Carrington Ridge Phase II LCF   312 Foxtail Drive Pataskala OH 43062 Multifamily Garden 2018  
50 Tolip Apartments CIIICM   25 McConkey Drive; 1035 & 1067 Delaware Road; 1370 Sheridan Drive; 25 Logan Avenue; 940 Englewood Avenue Tonawanda NY 14223 Multifamily Garden 1968 2018
51 Howard Park Plaza- CA WFB   1504 and 1628 Howard Road Madera CA 93637 Retail Anchored 1972 1992
52 Holiday Park MHC CIIICM   3500 West Brookfield Drive Muncie IN 47302 Manufactured Housing Community Manufactured Housing Community 1972 1995
53 Coach Post MHC CIIICM   3633 7th Avenue Southwest Olympia WA 98502 Manufactured Housing Community Manufactured Housing Community 1958 2017
54 Telegraph Budget Storage WFB   21516 Telegraph Road Brownstown MI 48183 Self Storage Self Storage 1940 2014
55 Spencer Mini Storage Barclays   11220 Spencer Highway La Porte TX 77571 Self Storage Self Storage 1977  
56 Colony MHC RMF   6786 Mangrove Drive Merritt Island FL 32953 Manufactured Housing Community Manufactured Housing Community 1969  
57 GA MHC Portfolio CIIICM   Various Various GA Various Manufactured Housing Community Manufactured Housing Community Various Various
57.01 Deer Run II MHC CIIICM   140 Union Chapel Road Northwest Eatonton GA 31024 Manufactured Housing Community Manufactured Housing Community 1978 2018
57.02 EagleTrace/Shade Tree Village CIIICM   514 & 520 Burnett Ferry Road Rome GA 30165 Manufactured Housing Community Manufactured Housing Community 1987  
58 16755 Baseline WFB   16755 Southwest Baseline Road Beaverton OR 97006 Retail Unanchored 2004  
59 Starbucks - North Cicero Barclays   4155 North Cicero Avenue Chicago IL 60641 Retail Single Tenant 2018  
60 2218 Old Middlefield Way WFB   2218 Old Middlefield Way Mountain View CA 94043 Office R&D 1973 2017
61 Ridgewood MHC CIIICM   2000 Ridgewood Road Chapel Hill NC 27516 Manufactured Housing Community Manufactured Housing Community 1979  
62 Archwood Apartments WFB   3209 and 3311 Archwood Avenue Cleveland OH 44109 Multifamily Garden 1929 2018
63 Dollar General New Hampton LCF   809 North Linn Avenue New Hampton IA 50659 Retail Single Tenant 2018  
64 Dollar General Pinconning LCF   506 South Mable Street Pinconning MI 48650 Retail Single Tenant 2018  

 

A-1-1

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Number of Units(2) Unit of Measure Cut-off Date Balance Per Unit/SF(3)(4) 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 Last IO Pay Date First P&I Pay Date Maturity Date or Anticipated Repayment Date ARD Loan Maturity Date
1 Innisfree Portfolio 330 Rooms 177,017 58,500,000 58,415,464 7.5% 48,419,219 N 1/29/2019 3/6/2019   3/6/2019 2/6/2029  
1.01 Hilton Garden Inn Fort Walton Beach 178 Rooms   34,500,000 34,450,145 4.4%                
1.02 Holiday Inn Fort Walton Beach 152 Rooms   24,000,000 23,965,318 3.1%                
2 Bristow Center 158,082 Sq. Ft. 335 53,000,000 53,000,000 6.8% 53,000,000 N 1/3/2019 3/1/2019 2/1/2029   2/1/2029  
3 Residence Inn Denver City Center 228 Rooms 208,333 47,500,000 47,500,000 6.1% 47,500,000 N 12/19/2018 2/11/2019 1/11/2026   1/11/2026  
4 Shops at Trace Fork 367,460 Sq. Ft. 110 40,350,000 40,350,000 5.2% 40,350,000 N 1/24/2019 3/6/2019 2/6/2029   2/6/2029  
5 575 Maryville 253,492 Sq. Ft. 138 35,000,000 35,000,000 4.5% 35,000,000 N 12/12/2018 2/6/2019 1/6/2029   1/6/2029  
6 Grapevine Station 273 Units 124,542 34,000,000 34,000,000 4.4% 34,000,000 N 1/7/2019 2/11/2019 1/11/2029   1/11/2029  
7 Nostrand Avenue Shopping Center 80,991 Sq. Ft. 331 26,775,000 26,775,000 3.5% 26,775,000 N 12/21/2018 2/6/2019 1/6/2029   1/6/2029  
8 Roseville Shopping Center 96,791 Sq. Ft. 247 23,887,500 23,887,500 3.1% 21,028,752 N 12/14/2018 2/6/2019 1/6/2022 2/6/2022 1/6/2029  
9 Northchase Office Portfolio 255,726 Sq. Ft. 76 19,500,000 19,500,000 2.5% 19,500,000 N 1/31/2019 3/11/2019 2/11/2029   2/11/2029  
9.01 Northchase 85,042 Sq. Ft.   6,550,000 6,550,000 0.8%                
9.02 Crestwood 93,681 Sq. Ft.   6,480,000 6,480,000 0.8%                
9.03 Mansell 77,003 Sq. Ft.   6,470,000 6,470,000 0.8%                
10 Catania Pasadena 33 Units 536,364 17,700,000 17,700,000 2.3% 17,700,000 N 12/21/2018 2/1/2019 1/1/2029   1/1/2029  
11 Merge Office 129,655 Sq. Ft. 136 17,662,500 17,617,011 2.3% 14,487,973 N 12/21/2018 2/11/2019   2/11/2019 1/11/2029  
12 DoubleTree Leominster 187 Rooms 85,267 16,000,000 15,944,841 2.1% 13,266,262 N 11/20/2018 1/11/2019   1/11/2019 12/11/2028  
13 Dominion Tower 403,276 Sq. Ft. 152 15,350,000 15,350,000 2.0% 13,672,728 N 12/20/2018 2/6/2019 1/6/2022 2/6/2022 1/6/2029  
14 Tristone Flowtech USA 215,000 Sq. Ft. 67 14,400,000 14,400,000 1.9% 14,400,000 N 1/16/2019 3/6/2019 2/6/2029   2/6/2029  
15 StaxUp Self Storage - San Ysidro 162,718 Sq. Ft. 87 14,200,000 14,200,000 1.8% 13,097,871 N 11/30/2018 1/11/2019 12/11/2023 1/11/2024 12/11/2028  
16 The Edge Apartments 252 Beds 55,952 14,100,000 14,100,000 1.8% 12,574,488 N 2/1/2019 3/6/2019 2/6/2022 3/6/2022 2/6/2029  
17 Radisson Yuma 154 Rooms 89,166 13,750,000 13,731,635 1.8% 11,642,376 N 2/1/2019 3/6/2019   3/6/2019 2/6/2029  
18 Proguard Self Storage - Braeswood 117,896 Sq. Ft. 109 12,870,000 12,870,000 1.7% 12,870,000 N 1/3/2019 2/11/2019 1/11/2024   1/11/2024  
19 Florissant Marketplace 146,257 Sq. Ft. 85 12,400,000 12,400,000 1.6% 10,544,624 N 12/20/2018 2/6/2019 1/6/2020 2/6/2020 1/6/2029  
20 9th Street Marketplace 62,523 Sq. Ft. 186 11,650,000 11,650,000 1.5% 10,346,176 N 12/20/2018 2/11/2019 1/11/2022 2/11/2022 1/11/2029  
21 Westport US Storage NY & CA 70,769 Sq. Ft. 161 11,400,000 11,400,000 1.5% 10,474,818 N 12/11/2018 1/11/2019 12/11/2023 1/11/2024 12/11/2028  
21.01 US Storage - Hawthorne, NY 41,895 Sq. Ft.   8,000,000 8,000,000 1.0%                
21.02 US Storage - Harbor City, CA 28,874 Sq. Ft.   3,400,000 3,400,000 0.4%                
22 601 Hudson Street 11 Units 990,909 10,900,000 10,900,000 1.4% 10,900,000 N 1/8/2019 3/6/2019 2/6/2029   2/6/2029  
23 Custer Park 115,931 Sq. Ft. 91 10,600,000 10,600,000 1.4% 9,821,019 N 11/16/2018 1/6/2019 12/6/2023 1/6/2024 12/6/2028  
24 One River Place 157,273 Sq. Ft. 159 10,000,000 10,000,000 1.3% 10,000,000 N 11/1/2018 12/6/2018 11/6/2028   11/6/2028  
25 1302-1316 Montana Avenue 15,906 Sq. Ft. 629 10,000,000 10,000,000 1.3% 10,000,000 N 12/27/2018 2/6/2019 1/6/2029   1/6/2029  
26 AAA Storage 335,791 Sq. Ft. 30 10,000,000 10,000,000 1.3% 10,000,000 N 1/18/2019 3/6/2019 2/6/2029   2/6/2029  
27 La Puente Yard 415,121 Sq. Ft. 24 10,000,000 10,000,000 1.3% 10,000,000 N 1/31/2019 3/11/2019 2/11/2029   2/11/2029  
28 Rockaway Commons 86,615 Sq. Ft. 115 10,000,000 9,962,126 1.3% 8,154,388 N 12/7/2018 1/6/2019   1/6/2019 12/6/2028  
29 Staybridge Suites - Oconomowoc 128 Rooms 77,189 9,925,000 9,880,170 1.3% 7,621,287 N 11/13/2018 1/11/2019   1/11/2019 12/11/2028  
30 Holland Art Van 91,388 Sq. Ft. 106 9,700,000 9,668,027 1.2% 7,370,300 N 12/7/2018 2/6/2019   2/6/2019 1/6/2029  
31 Country Inn & Suites - Orlando 170 Rooms 55,807 9,500,000 9,487,273 1.2% 8,036,684 N 1/25/2019 3/6/2019   3/6/2019 2/6/2029  
32 Woodmen Corporate Center 107,034 Sq. Ft. 79 8,500,000 8,500,000 1.1% 8,500,000 N 1/25/2019 3/11/2019 2/11/2029   2/11/2029  
33 Westpointe Retail Center 29,855 Sq. Ft. 284 8,500,000 8,479,564 1.1% 7,067,198 N 12/27/2018 2/11/2019   2/11/2019 1/11/2029  
34 Homewood Suites Laredo 105 Rooms 80,045 8,420,000 8,404,758 1.1% 6,475,162 N 1/31/2019 3/6/2019   3/6/2019 2/6/2029  
35 OKC MHP Portfolio 356 Pads 23,174 8,250,000 8,250,000 1.1% 7,327,892 N 2/6/2019 3/11/2019 2/11/2022 3/11/2022 2/11/2029  
35.01 El Reno MHP 165 Pads   3,823,500 3,823,500 0.5%                
35.02 Sunnylane MHP 102 Pads   2,364,000 2,364,000 0.3%                
35.03 Skyview MHP 89 Pads   2,062,500 2,062,500 0.3%                
36 Heatherstone Apartments 252 Units 32,540 8,200,000 8,200,000 1.1% 7,138,376 N 1/16/2019 3/6/2019 2/6/2021 3/6/2021 2/6/2029  
37 Jewel-Osco Elgin 69,129 Sq. Ft. 110 7,600,000 7,600,000 1.0% 7,600,000 N 1/18/2019 3/6/2019 2/6/2029   2/6/2029  
38 19501 South Santa Fe Avenue 71,250 Sq. Ft. 105 7,500,000 7,500,000 1.0% 7,500,000 N 12/21/2018 2/11/2019 1/11/2029   1/11/2029  
39 Stoneridge III 61,096 Sq. Ft. 117 7,150,000 7,150,000 0.9% 6,088,268 N 1/30/2019 3/11/2019 2/11/2020 3/11/2020 2/11/2029  
40 East North Self Storage 71,425 Sq. Ft. 95 6,750,000 6,750,000 0.9% 6,036,647 N 12/6/2018 1/6/2019 12/6/2021 1/6/2022 12/6/2028  
41 Central Park Apartments 92 Units 69,293 6,375,000 6,375,000 0.8% 5,709,488 N 12/4/2018 1/6/2019 12/6/2021 1/6/2022 12/6/2028  
42 Hampton Inn Brevard 80 Rooms 76,106 6,100,000 6,088,468 0.8% 4,618,092 N 1/30/2019 3/6/2019   3/6/2019 2/6/2029  
43 Too Much Self Storage 75,500 Sq. Ft. 80 6,035,000 6,035,000 0.8% 5,366,460 N 12/20/2018 2/11/2019 1/11/2022 2/11/2022 1/11/2029  
44 Shadow Glen Apartments 51 Units 117,647 6,000,000 6,000,000 0.8% 5,373,332 N 12/17/2018 2/6/2019 1/6/2022 2/6/2022 1/6/2029  
45 599 Johnson Ave 27,414 Sq. Ft. 212 5,800,000 5,800,000 0.7% 5,800,000 N 11/15/2018 1/6/2019 12/6/2028   12/6/2028  
46 659 Broadway 4,876 Sq. Ft. 1,190 5,800,000 5,800,000 0.7% 5,800,000 N 12/20/2018 2/6/2019 1/6/2029   1/6/2029  
47 100 Gardner Park 129,861 Sq. Ft. 43 5,550,000 5,550,000 0.7% 4,928,618 N 1/14/2019 3/6/2019 2/6/2022 3/6/2022 2/6/2029  
48 St. Lucie MHC 217 Pads 24,849 5,400,000 5,392,274 0.7% 4,482,271 N 1/25/2019 3/6/2019   3/6/2019 2/6/2029  
49 Carrington Ridge Phase II 36 Units 140,278 5,050,000 5,050,000 0.7% 4,667,367 N 11/30/2018 1/6/2019 12/6/2023 1/6/2024 12/6/2028  
50 Tolip Apartments 107 Units 45,327 4,850,000 4,850,000 0.6% 4,329,782 N 1/29/2019 3/11/2019 2/11/2022 3/11/2022 2/11/2029  
51 Howard Park Plaza- CA 98,546 Sq. Ft. 49 4,800,000 4,792,769 0.6% 3,925,294 N 2/1/2019 3/11/2019   3/11/2019 2/11/2029  
52 Holiday Park MHC 248 Pads 18,548 4,600,000 4,600,000 0.6% 4,019,385 N 1/4/2019 2/11/2019 1/11/2021 2/11/2021 1/11/2029  
53 Coach Post MHC 75 Pads 55,496 4,170,000 4,162,178 0.5% 3,165,894 N 2/4/2019 3/11/2019   3/11/2019 2/11/2029  
54 Telegraph Budget Storage 46,823 Sq. Ft. 72 3,400,000 3,391,128 0.4% 2,781,549 N 1/11/2019 2/11/2019   2/11/2019 1/11/2029  
55 Spencer Mini Storage 81,685 Sq. Ft. 39 3,200,000 3,200,000 0.4% 3,200,000 N 1/18/2019 3/6/2019 2/6/2024   2/6/2024  
56 Colony MHC 143 Pads 21,329 3,050,000 3,050,000 0.4% 3,050,000 N 1/18/2019 3/6/2019 2/6/2024   2/6/2024  
57 GA MHC Portfolio 158 Pads 18,926 3,000,000 2,990,241 0.4% 2,511,693 N 11/19/2018 1/11/2019   1/11/2019 12/11/2028  
57.01 Deer Run II MHC 67 Pads   1,307,000 1,302,748 0.2%                
57.02 EagleTrace/Shade Tree Village 91 Pads   1,693,000 1,687,492 0.2%                
58 16755 Baseline 12,000 Sq. Ft. 179 2,145,000 2,145,000 0.3% 2,145,000 N 12/18/2018 2/11/2019 1/11/2029   1/11/2029  
59 Starbucks - North Cicero 2,500 Sq. Ft. 655 1,636,250 1,636,250 0.2% 1,636,250 N 12/6/2018 1/6/2019 12/6/2028   12/6/2028  
60 2218 Old Middlefield Way 10,314 Sq. Ft. 150 1,550,000 1,550,000 0.2% 1,550,000 N 12/6/2018 1/11/2019 12/11/2028   12/11/2028  
61 Ridgewood MHC 60 Pads 25,417 1,525,000 1,525,000 0.2% 1,366,933 N 10/4/2018 11/11/2018 10/11/2021 11/11/2021 10/11/2028  
62 Archwood Apartments 44 Units 27,207 1,200,000 1,197,091 0.2% 996,147 N 12/28/2018 2/11/2019   2/11/2019 1/11/2029  
63 Dollar General New Hampton 9,002 Sq. Ft. 110 994,000 994,000 0.1% 994,000 Y 1/30/2019 3/6/2019 2/6/2029   2/6/2029 2/6/2034
64 Dollar General Pinconning 9,026 Sq. Ft. 103 931,000 931,000 0.1% 931,000 Y 1/30/2019 3/6/2019 2/6/2029   2/6/2029 2/6/2034

 

A-1-2

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name 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 Monthly P&I Payment ($) Amortization Type Interest Accrual Method During IO
1 Innisfree Portfolio 5.21000% 0.00190% 0.00910% 0.01500% 0.00050% 0.00030% 5.18320% Actual/360 321,591.34 Amortizing Balloon  
1.01 Hilton Garden Inn Fort Walton Beach                      
1.02 Holiday Inn Fort Walton Beach                      
2 Bristow Center 5.10000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.08320% Actual/360 229,004.17 Interest-only, Balloon Actual/360
3 Residence Inn Denver City Center 5.14000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.12320% Actual/360 206,849.31 Interest-only, Balloon Actual/360
4 Shops at Trace Fork 4.88000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.86320% Actual/360 166,824.83 Interest-only, Balloon Actual/360
5 575 Maryville 4.82200% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.80520% Actual/360 142,985.69 Interest-only, Balloon Actual/360
6 Grapevine Station 5.15000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.13320% Actual/360 148,348.61 Interest-only, Balloon Actual/360
7 Nostrand Avenue Shopping Center 5.13000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.11320% Actual/360 116,370.84 Interest-only, Balloon Actual/360
8 Roseville Shopping Center 4.75000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.73320% Actual/360 124,608.51 Interest-only, Amortizing Balloon Actual/360
9 Northchase Office Portfolio 5.00000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.98320% Actual/360 82,604.17 Interest-only, Balloon Actual/360
9.01 Northchase                      
9.02 Crestwood                      
9.03 Mansell                      
10 Catania Pasadena 5.32000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.30320% Actual/360 79,777.83 Interest-only, Balloon Actual/360
11 Merge Office 4.93000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.91320% Actual/360 94,061.94 Amortizing Balloon  
12 DoubleTree Leominster 5.26000% 0.00190% 0.00910% 0.03250% 0.00050% 0.00030% 5.21570% Actual/360 88,451.72 Amortizing Balloon  
13 Dominion Tower 5.29000% 0.00000% 0.00910% 0.00500% 0.00050% 0.00030% 5.27510% Actual/360 85,143.97 Interest-only, Amortizing Balloon Actual/360
14 Tristone Flowtech USA 5.23900% 0.00190% 0.00910% 0.04500% 0.00050% 0.00030% 5.18220% Actual/360 63,915.80 Interest-only, Balloon Actual/360
15 StaxUp Self Storage - San Ysidro 5.00000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.98320% Actual/360 76,228.67 Interest-only, Amortizing Balloon Actual/360
16 The Edge Apartments 5.35000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.33320% Actual/360 78,736.33 Interest-only, Amortizing Balloon Actual/360
17 Radisson Yuma 5.95000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.93320% Actual/360 81,996.71 Amortizing Balloon  
18 Proguard Self Storage - Braeswood 5.00000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.98320% Actual/360 54,518.75 Interest-only, Balloon Actual/360
19 Florissant Marketplace 5.25000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.23320% Actual/360 68,473.26 Interest-only, Amortizing Balloon Actual/360
20 9th Street Marketplace 5.15000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.13320% Actual/360 63,612.06 Interest-only, Amortizing Balloon Actual/360
21 Westport US Storage NY & CA 4.75000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.73320% Actual/360 59,467.80 Interest-only, Amortizing Balloon Actual/360
21.01 US Storage - Hawthorne, NY                      
21.02 US Storage - Harbor City, CA                      
22 601 Hudson Street 5.35500% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.33820% Actual/360 49,451.94 Interest-only, Balloon Actual/360
23 Custer Park 5.30000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.28320% Actual/360 58,862.29 Interest-only, Amortizing Balloon Actual/360
24 One River Place 4.73500% 0.00000% 0.00910% 0.03375% 0.00050% 0.00030% 4.69135% Actual/360 40,115.97 Interest-only, Balloon Actual/360
25 1302-1316 Montana Avenue 5.29000% 0.00190% 0.00910% 0.05250% 0.00050% 0.00030% 5.22570% Actual/360 44,818.06 Interest-only, Balloon Actual/360
26 AAA Storage 4.58000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.56320% Actual/360 38,802.78 Interest-only, Balloon Actual/360
27 La Puente Yard 4.78000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.76320% Actual/360 40,497.22 Interest-only, Balloon Actual/360
28 Rockaway Commons 4.75000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.73320% Actual/360 52,164.73 Amortizing Balloon  
29 Staybridge Suites - Oconomowoc 5.75000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.73320% Actual/360 62,438.81 Amortizing Balloon  
30 Holland Art Van 5.45000% 0.00190% 0.00910% 0.05250% 0.00050% 0.00030% 5.38570% Actual/360 59,277.20 Amortizing Balloon  
31 Country Inn & Suites - Orlando 5.92000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.90320% Actual/360 56,469.60 Amortizing Balloon  
32 Woodmen Corporate Center 4.87000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.85320% Actual/360 35,070.76 Interest-only, Balloon Actual/360
33 Westpointe Retail Center 5.35000% 0.00190% 0.00910% 0.05250% 0.00050% 0.00030% 5.28570% Actual/360 47,465.16 Amortizing Balloon  
34 Homewood Suites Laredo 5.80000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.78320% Actual/360 53,225.47 Amortizing Balloon  
35 OKC MHP Portfolio 5.16000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.14320% Actual/360 45,098.01 Interest-only, Amortizing Balloon Actual/360
35.01 El Reno MHP                      
35.02 Sunnylane MHP                      
35.03 Skyview MHP                      
36 Heatherstone Apartments 5.25000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.23320% Actual/360 45,280.70 Interest-only, Amortizing Balloon Actual/360
37 Jewel-Osco Elgin 4.95000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.93320% Actual/360 31,872.50 Interest-only, Balloon Actual/360
38 19501 South Santa Fe Avenue 5.60000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.58320% Actual/360 35,583.33 Interest-only, Balloon Actual/360
39 Stoneridge III 5.30000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.28320% Actual/360 39,704.28 Interest-only, Amortizing Balloon Actual/360
40 East North Self Storage 5.48000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.46320% Actual/360 38,241.10 Interest-only, Amortizing Balloon Actual/360
41 Central Park Apartments 5.55000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.53320% Actual/360 36,396.79 Interest-only, Amortizing Balloon Actual/360
42 Hampton Inn Brevard 5.35000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.33320% Actual/360 36,914.88 Amortizing Balloon  
43 Too Much Self Storage 5.21000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.19320% Actual/360 33,176.13 Interest-only, Amortizing Balloon Actual/360
44 Shadow Glen Apartments 5.55000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.53320% Actual/360 34,255.80 Interest-only, Amortizing Balloon Actual/360
45 599 Johnson Ave 5.59300% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.57620% Actual/360 27,483.38 Interest-only, Balloon Actual/360
46 659 Broadway 4.99000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.97320% Actual/360 24,520.31 Interest-only, Balloon Actual/360
47 100 Gardner Park 5.15000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.13320% Actual/360 30,304.46 Interest-only, Amortizing Balloon Actual/360
48 St. Lucie MHC 5.30000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.28320% Actual/360 29,986.45 Amortizing Balloon  
49 Carrington Ridge Phase II 5.13300% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.11620% Actual/360 27,521.46 Interest-only, Amortizing Balloon Actual/360
50 Tolip Apartments 5.40000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.38320% Actual/360 27,234.24 Interest-only, Amortizing Balloon Actual/360
51 Howard Park Plaza- CA 4.84000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.82320% Actual/360 25,300.12 Amortizing Balloon  
52 Holiday Park MHC 5.40000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.38320% Actual/360 25,830.42 Interest-only, Amortizing Balloon Actual/360
53 Coach Post MHC 5.43000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.41320% Actual/360 25,433.42 Amortizing Balloon  
54 Telegraph Budget Storage 4.85000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.83320% Actual/360 17,941.52 Amortizing Balloon  
55 Spencer Mini Storage 4.95000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 4.93320% Actual/360 13,420.00 Interest-only, Balloon Actual/360
56 Colony MHC 6.00000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.98320% Actual/360 15,504.17 Interest-only, Balloon Actual/360
57 GA MHC Portfolio 5.57000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.55320% Actual/360 17,165.66 Amortizing Balloon  
57.01 Deer Run II MHC                      
57.02 EagleTrace/Shade Tree Village                      
58 16755 Baseline 5.25000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.23320% Actual/360 9,540.78 Interest-only, Balloon Actual/360
59 Starbucks - North Cicero 5.45000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.43320% Actual/360 7,555.16 Interest-only, Balloon Actual/360
60 2218 Old Middlefield Way 4.98500% 0.00190% 0.00910% 0.08250% 0.00050% 0.00030% 4.89070% Actual/360 6,546.27 Interest-only, Balloon Actual/360
61 Ridgewood MHC 5.59000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.57320% Actual/360 8,745.09 Interest-only, Amortizing Balloon Actual/360
62 Archwood Apartments 5.30000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.28320% Actual/360 6,663.66 Amortizing Balloon  
63 Dollar General New Hampton 5.97000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.95320% Actual/360 5,027.57 Interest-only, ARD Actual/360
64 Dollar General Pinconning 5.99000% 0.00190% 0.00910% 0.00500% 0.00050% 0.00030% 5.97320% Actual/360 4,724.70 Interest-only, ARD Actual/360

 

A-1-3

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name 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 Grace Period Default (Days)(5) Grace Period Late (Days) Appraised Value ($)(6) Appraisal Date Coop -Rental Value
1 Innisfree Portfolio 120 119 0 0 360 359 1 L(25),D(91),O(4) 0 0 94,800,000 8/21/2018  
1.01 Hilton Garden Inn Fort Walton Beach                     54,700,000 8/21/2018  
1.02 Holiday Inn Fort Walton Beach                     40,100,000 8/21/2018  
2 Bristow Center 120 119 120 119 0 0 1 L(25),D(91),O(4) 5 5 78,600,000 11/26/2018  
3 Residence Inn Denver City Center 84 82 84 82 0 0 2 L(24),GRTR 1% or YM(53),O(7) 0 5 79,400,000 11/14/2019  
4 Shops at Trace Fork 120 119 120 119 0 0 1 L(23),GRTR 1% or YM(93),O(4) 0 0 67,550,000 11/26/2018  
5 575 Maryville 120 118 120 118 0 0 2 L(26),D(89),O(5) 0 0 50,280,000 9/6/2018  
6 Grapevine Station 120 118 120 118 0 0 2 L(26),D(90),O(4) 0 0 53,000,000 11/8/2018  
7 Nostrand Avenue Shopping Center 120 118 120 118 0 0 2 L(26),D(90),O(4) 0 0 40,000,000 11/16/2018  
8 Roseville Shopping Center 120 118 36 34 360 360 2 L(26),D(90),O(4) 0 0 34,500,000 11/20/2018  
9 Northchase Office Portfolio 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0 30,450,000 Various  
9.01 Northchase                     10,000,000 11/5/2018  
9.02 Crestwood                     10,650,000 11/9/2018  
9.03 Mansell                     9,800,000 11/9/2018  
10 Catania Pasadena 120 118 120 118 0 0 2 L(26),D(88),O(6) 0, two grace periods of 5 days each per 12 month period 0 31,400,000 10/31/2018  
11 Merge Office 120 118 0 0 360 358 2 L(26),D(87),O(7) 0 0 27,700,000 5/1/2019  
12 DoubleTree Leominster 120 117 0 0 360 357 3 L(27),GRTR 1% or YM(89),O(4) 0 5 24,700,000 11/1/2019  
13 Dominion Tower 120 118 36 34 360 360 2 L(26),D(90),O(4) 0 0 87,000,000 11/8/2018  
14 Tristone Flowtech USA 120 119 120 119 0 0 1 L(25),GRTR 1% or YM(90),O(5) 0 0 23,000,000 11/30/2018  
15 StaxUp Self Storage - San Ysidro 120 117 60 57 360 360 3 L(27),D(89),O(4) 0 0 20,600,000 10/29/2018  
16 The Edge Apartments 120 119 36 35 360 360 1 L(25),D(91),O(4) 0 0 22,900,000 12/4/2018  
17 Radisson Yuma 120 119 0 0 360 359 1 L(25),D(92),O(3) 0 0 20,400,000 8/1/2018  
18 Proguard Self Storage - Braeswood 60 58 60 58 0 0 2 L(26),D(28),O(6) 0 0 19,800,000 11/16/2018  
19 Florissant Marketplace 120 118 12 10 360 360 2 L(26),D(90),O(4) 0 0 17,300,000 10/31/2018  
20 9th Street Marketplace 120 118 36 34 360 360 2 L(26),D(90),O(4) 0 0 16,600,000 11/27/2018  
21 Westport US Storage NY & CA 120 117 60 57 360 360 3 L(27),D(86),O(7) 0 0 20,100,000 Various  
21.01 US Storage - Hawthorne, NY                     14,100,000 10/30/2018  
21.02 US Storage - Harbor City, CA                     6,000,000 10/24/2018  
22 601 Hudson Street 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 5 16,900,000 10/29/2018  
23 Custer Park 120 117 60 57 360 360 3 L(27),D(89),O(4) 0 0 18,620,000 9/7/2018  
24 One River Place 120 116 120 116 0 0 4 L(28),D(85),O(7) 0 0 49,500,000 10/5/2018  
25 1302-1316 Montana Avenue 120 118 120 118 0 0 2 L(25),GRTR 1% or YM(91),O(4) 0 0 23,100,000 12/4/2018  
26 AAA Storage 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0 23,050,000 11/8/2018  
27 La Puente Yard 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0 17,500,000 11/15/2018  
28 Rockaway Commons 120 117 0 0 360 357 3 L(27),D(86),O(7) 0 0 19,000,000 11/26/2018  
29 Staybridge Suites - Oconomowoc 120 117 0 0 300 297 3 L(27),D(90),O(3) 0 0 14,200,000 10/10/2018  
30 Holland Art Van 120 118 0 0 300 298 2 L(23),GRTR 1% or YM(92),O(5) 0 0 16,700,000 10/15/2018  
31 Country Inn & Suites - Orlando 120 119 0 0 360 359 1 L(25),D(91),O(4) 0 0 14,600,000 12/1/2019  
32 Woodmen Corporate Center 120 119 120 119 0 0 1 L(25),GRTR 1% or YM(91),O(4) 0 0 13,900,000 11/12/2018  
33 Westpointe Retail Center 120 118 0 0 360 358 2 L(26),GRTR 1% or YM or D(87),O(7) 0 0 11,900,000 12/1/2019  
34 Homewood Suites Laredo 120 119 0 0 300 299 1 L(25),D(92),O(3) 0 0 12,800,000 11/14/2019  
35 OKC MHP Portfolio 120 119 36 35 360 360 1 L(25),D(91),O(4) 0 0 11,600,000 10/23/2018  
35.01 El Reno MHP                     5,400,000 10/23/2018  
35.02 Sunnylane MHP                     3,500,000 10/23/2018  
35.03 Skyview MHP                     2,700,000 10/23/2018  
36 Heatherstone Apartments 120 119 24 23 360 360 1 L(25),D(91),O(4) 0 0 12,200,000 11/21/2018  
37 Jewel-Osco Elgin 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0 14,800,000 11/7/2018  
38 19501 South Santa Fe Avenue 120 118 120 118 0 0 2 L(26),D(90),O(4) 0 0 17,270,000 1/1/2019  
39 Stoneridge III 120 119 12 11 360 360 1 L(25),D(92),O(3) 0 0 10,100,000 12/21/2018  
40 East North Self Storage 120 117 36 33 360 360 3 L(27),D(89),O(4) 0 0 9,700,000 11/13/2018  
41 Central Park Apartments 120 117 36 33 360 360 3 L(27),D(89),O(4) 0 0 12,100,000 10/11/2018  
42 Hampton Inn Brevard 120 119 0 0 300 299 1 L(25),D(91),O(4) 0 0 10,300,000 11/30/2018  
43 Too Much Self Storage 120 118 36 34 360 360 2 L(26),GRTR 1% or YM(90),O(4) 0 5 8,350,000 11/13/2018  
44 Shadow Glen Apartments 120 118 36 34 360 360 2 L(26),D(90),O(4) 0 0 8,680,000 10/1/2018  
45 599 Johnson Ave 120 117 120 117 0 0 3 L(27),D(89),O(4) 0 0 12,000,000 8/1/2018  
46 659 Broadway 120 118 120 118 0 0 2 L(26),D(90),O(4) 0 0 9,200,000 9/27/2018  
47 100 Gardner Park 120 119 36 35 360 360 1 L(25),D(91),O(4) 0 0 11,500,000 11/20/2018  
48 St. Lucie MHC 120 119 0 0 360 359 1 L(25),D(91),O(4) 0 0 8,950,000 9/20/2018  
49 Carrington Ridge Phase II 120 117 60 57 360 360 3 L(27),D(90),O(3) 0 0 7,600,000 11/29/2018  
50 Tolip Apartments 120 119 36 35 360 360 1 L(25),D(92),O(3) 0 0 7,300,000 11/28/2018  
51 Howard Park Plaza- CA 120 119 0 0 360 359 1 L(25),D(91),O(4) 0 0 8,700,000 11/29/2018  
52 Holiday Park MHC 120 118 24 22 360 360 2 L(26),D(91),O(3) 0 0 6,870,000 11/13/2018  
53 Coach Post MHC 120 119 0 0 300 299 1 L(25),D(92),O(3) 0 0 6,250,000 9/18/2018  
54 Telegraph Budget Storage 120 118 0 0 360 358 2 L(26),D(90),O(4) 0 0 5,500,000 11/13/2018  
55 Spencer Mini Storage 60 59 60 59 0 0 1 L(25),D(31),O(4) 0 0 5,820,000 12/4/2018  
56 Colony MHC 60 59 60 59 0 0 1 L(25),D(31),O(4) 0 0 5,180,000 12/7/2018  
57 GA MHC Portfolio 120 117 0 0 360 357 3 L(27),D(90),O(3) 0 0 4,750,000 5/15/2018  
57.01 Deer Run II MHC                     2,070,000 5/15/2018  
57.02 EagleTrace/Shade Tree Village                     2,680,000 5/15/2018  
58 16755 Baseline 120 118 120 118 0 0 2 L(26),D(90),O(4) 0 0 3,575,000 11/14/2018  
59 Starbucks - North Cicero 120 117 120 117 0 0 3 L(27),D(89),O(4) 0 0 3,000,000 10/29/2018  
60 2218 Old Middlefield Way 120 117 120 117 0 0 3 L(27),D(89),O(4) 0 0 3,600,000 7/2/2018  
61 Ridgewood MHC 120 115 36 31 360 360 5 L(29),D(88),O(3) 0 0 2,250,000 8/28/2018  
62 Archwood Apartments 120 118 0 0 360 358 2 L(26),D(90),O(4) 0 0 1,670,000 1/1/2019  
63 Dollar General New Hampton 120 119 120 119 0 0 1 YM(25),YM or D(88),O(7) 0 0 1,420,000 10/3/2018  
64 Dollar General Pinconning 120 119 120 119 0 0 1 YM(25),YM or D(88),O(7) 0 0 1,330,000 10/5/2018  

 

A-1-4

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name  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)(3)(4)		 U/W NCF
DSCR (x)(3)(4)		 Cut-off Date LTV Ratio(3)(4)(6) LTV Ratio at Maturity or ARD(3)(4)(6) Cut-off Date U/W NOI Debt Yield(3)(4) Cut-off Date U/W NCF Debt Yield(3)(4) U/W
Revenues ($)(2)(7)		 U/W
Expenses ($)
1 Innisfree Portfolio               2.17 1.94 61.6% 51.1% 14.3% 12.8% 21,874,518 13,502,902
1.01 Hilton Garden Inn Fort Walton Beach                           12,780,390 7,626,535
1.02 Holiday Inn Fort Walton Beach                           9,094,128 5,876,367
2 Bristow Center               1.56 1.51 67.4% 67.4% 8.1% 7.8% 5,812,402 1,521,164
3 Residence Inn Denver City Center               2.52 2.32 59.8% 59.8% 13.2% 12.1% 12,717,411 6,451,396
4 Shops at Trace Fork               2.24 2.12 59.7% 59.7% 11.1% 10.5% 5,583,492 1,100,913
5 575 Maryville               2.31 2.00 69.6% 69.6% 11.3% 9.8% 6,561,178 2,591,920
6 Grapevine Station               1.49 1.45 64.2% 64.2% 7.8% 7.6% 4,763,775 2,116,301
7 Nostrand Avenue Shopping Center               1.56 1.46 66.9% 66.9% 8.1% 7.6% 3,341,704 1,162,759
8 Roseville Shopping Center               1.79 1.74 69.2% 61.0% 11.2% 10.9% 3,505,675 831,546
9 Northchase Office Portfolio               2.53 2.28 64.0% 64.0% 12.9% 11.6% 4,471,635 1,959,685
9.01 Northchase                           1,583,358 688,280
9.02 Crestwood                           1,577,209 700,714
9.03 Mansell                           1,311,069 570,692
10 Catania Pasadena               1.40 1.39 56.4% 56.4% 7.6% 7.5% 2,453,820 1,108,784
11 Merge Office               1.79 1.67 63.6% 52.3% 11.5% 10.7% 3,149,180 1,129,392
12 DoubleTree Leominster               2.46 2.09 64.6% 53.7% 16.4% 13.9% 9,815,081 7,200,256
13 Dominion Tower               1.64 1.53 70.5% 62.8% 10.9% 10.2% 10,566,058 3,848,795
14 Tristone Flowtech USA               1.72 1.69 62.6% 62.6% 9.2% 9.0% 1,561,894 244,144
15 StaxUp Self Storage - San Ysidro               1.39 1.35 68.9% 63.6% 8.9% 8.7% 1,874,886 604,586
16 The Edge Apartments               1.33 1.29 61.6% 54.9% 8.9% 8.6% 1,999,931 745,505
17 Radisson Yuma               1.77 1.54 67.3% 57.1% 12.7% 11.1% 5,447,024 3,709,180
18 Proguard Self Storage - Braeswood               2.00 1.99 65.0% 65.0% 10.2% 10.1% 2,132,743 822,269
19 Florissant Marketplace               1.66 1.46 71.7% 61.0% 11.0% 9.6% 2,283,799 919,633
20 9th Street Marketplace               1.35 1.28 70.2% 62.3% 8.9% 8.4% 1,370,618 339,457
21 Westport US Storage NY & CA               1.76 1.75 56.7% 52.1% 11.0% 10.9% 1,720,920 463,363
21.01 US Storage - Hawthorne, NY                           1,139,786 261,776
21.02 US Storage - Harbor City, CA                           581,134 201,586
22 601 Hudson Street               1.30 1.29 64.5% 64.5% 7.1% 7.0% 1,075,592 305,181
23 Custer Park               1.85 1.70 56.9% 52.7% 12.3% 11.3% 2,317,645 1,013,445
24 One River Place               2.73 2.50 50.5% 50.5% 13.1% 12.0% 4,367,307 1,086,298
25 1302-1316 Montana Avenue               1.85 1.74 43.3% 43.3% 9.9% 9.4% 1,345,441 352,149
26 AAA Storage               3.04 2.96 43.4% 43.4% 14.2% 13.8% 2,103,086 687,289
27 La Puente Yard               2.19 2.12 57.1% 57.1% 10.6% 10.3% 1,210,950 147,084
28 Rockaway Commons               2.07 1.99 52.4% 42.9% 13.0% 12.5% 1,873,251 578,762
29 Staybridge Suites - Oconomowoc               2.13 1.92 69.6% 53.7% 16.1% 14.6% 3,811,245 2,218,968
30 Holland Art Van               1.64 1.64 57.9% 44.1% 12.1% 12.1% 1,205,434 36,163
31 Country Inn & Suites - Orlando               1.81 1.58 65.0% 55.0% 12.9% 11.3% 3,882,193 2,658,490
32 Woodmen Corporate Center               2.48 2.22 61.2% 61.2% 12.3% 11.0% 1,960,287 916,683
33 Westpointe Retail Center               1.32 1.29 71.3% 59.4% 8.9% 8.7% 1,159,789 407,075
34 Homewood Suites Laredo               1.67 1.48 65.7% 50.6% 12.7% 11.2% 3,177,716 2,107,995
35 OKC MHP Portfolio               1.40 1.36 71.1% 63.2% 9.2% 9.0% 1,446,746 690,332
35.01 El Reno MHP                           667,778 330,325
35.02 Sunnylane MHP                           417,900 196,141
35.03 Skyview MHP                           361,069 163,866
36 Heatherstone Apartments               1.61 1.47 67.2% 58.5% 10.7% 9.7% 2,119,743 1,245,994
37 Jewel-Osco Elgin               2.20 2.20 51.4% 51.4% 11.1% 11.1% 856,375 15,346
38 19501 South Santa Fe Avenue               1.72 1.72 43.4% 43.4% 9.8% 9.8% 875,056 141,111
39 Stoneridge III               1.49 1.32 70.8% 60.3% 9.9% 8.8% 1,249,120 540,003
40 East North Self Storage               1.30 1.28 69.6% 62.2% 8.8% 8.7% 798,873 202,336
41 Central Park Apartments               1.43 1.37 52.7% 47.2% 9.8% 9.4% 1,091,333 468,648
42 Hampton Inn Brevard               1.73 1.55 59.1% 44.8% 12.6% 11.3% 1,939,771 1,174,014
43 Too Much Self Storage               1.39 1.37 72.3% 64.3% 9.2% 9.0% 789,670 236,589
44 Shadow Glen Apartments               1.32 1.29 69.1% 61.9% 9.0% 8.8% 798,220 256,099
45 599 Johnson Ave               1.55 1.47 48.3% 48.3% 8.8% 8.4% 681,559 171,647
46 659 Broadway               1.64 1.62 63.0% 63.0% 8.3% 8.2% 522,812 40,388
47 100 Gardner Park               2.00 1.85 48.3% 42.9% 13.1% 12.1% 943,700 214,601
48 St. Lucie MHC               1.49 1.46 60.2% 50.1% 9.9% 9.7% 900,233 365,060
49 Carrington Ridge Phase II               1.40 1.38 66.4% 61.4% 9.2% 9.0% 662,319 198,550
50 Tolip Apartments               1.42 1.32 66.4% 59.3% 9.5% 8.9% 922,463 459,802
51 Howard Park Plaza- CA               2.20 1.97 55.1% 45.1% 13.9% 12.5% 902,403 234,945
52 Holiday Park MHC               1.42 1.38 67.0% 58.5% 9.6% 9.3% 729,243 289,387
53 Coach Post MHC               1.32 1.31 66.6% 50.7% 9.7% 9.6% 565,969 162,701
54 Telegraph Budget Storage               1.83 1.78 61.7% 50.6% 11.6% 11.3% 607,125 213,971
55 Spencer Mini Storage               2.14 2.11 55.0% 55.0% 10.8% 10.6% 688,678 343,387
56 Colony MHC               1.61 1.57 58.9% 58.9% 9.8% 9.6% 560,594 260,567
57 GA MHC Portfolio               1.46 1.42 63.0% 52.9% 10.0% 9.8% 481,598 181,091
57.01 Deer Run II MHC                           187,413 57,049
57.02 EagleTrace/Shade Tree Village                           294,185 124,042
58 16755 Baseline               2.09 2.02 60.0% 60.0% 11.2% 10.8% 359,471 119,882
59 Starbucks - North Cicero               1.62 1.53 54.5% 54.5% 9.0% 8.5% 149,871 2,997
60 2218 Old Middlefield Way               3.34 3.26 43.1% 43.1% 16.9% 16.5% 310,708 48,699
61 Ridgewood MHC               1.33 1.30 67.8% 60.8% 9.2% 9.0% 263,139 123,583
62 Archwood Apartments               1.56 1.45 71.7% 59.6% 10.5% 9.7% 249,996 124,886
63 Dollar General New Hampton               1.48 1.46 70.0% 70.0% 9.0% 8.8% 92,045 2,761
64 Dollar General Pinconning               1.48 1.45 70.0% 70.0% 9.0% 8.8% 86,311 2,589

 

A-1-5

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name U/W Net Operating Income ($)(8) U/W
Replacement ($)		 U/W
TI/LC ($)		 U/W
Net Cash Flow ($)		 Occupancy Rate(2)(8)(9) Occupancy as-of Date U/W Hotel ADR U/W Hotel RevPAR Most Recent Period Most Recent Revenues ($)(7) Most Recent Expenses ($) Most
Recent
NOI ($)
1 Innisfree Portfolio 8,371,616 874,981 0 7,496,635 85.2% 11/30/2018 181 154 TTM 11/30/2018 21,874,518 13,222,304 8,652,214
1.01 Hilton Garden Inn Fort Walton Beach 5,153,855 511,216 0 4,642,639 84.3% 11/30/2018 194 163 TTM 11/30/2018 12,780,390 7,410,409 5,369,981
1.02 Holiday Inn Fort Walton Beach 3,217,761 363,765 0 2,853,996 86.2% 11/30/2018 165 143 TTM 11/30/2018 9,094,128 5,811,895 3,282,233
2 Bristow Center 4,291,238 18,970 130,257 4,142,011 96.1% 11/1/2018     TTM 10/31/2018 5,874,778 1,554,985 4,319,793
3 Residence Inn Denver City Center 6,266,014 508,696 0 5,757,318 77.8% 10/31/2018 184 148 TTM 10/31/2018 12,288,322 6,217,727 6,070,595
4 Shops at Trace Fork 4,482,579 55,119 183,730 4,243,730 98.3% 10/17/2018     TTM 11/30/2018 5,647,721 1,076,835 4,570,886
5 575 Maryville 3,969,258 50,698 493,602 3,424,957 97.0% 11/30/2018     TTM 9/30/2018 5,443,434 2,570,987 2,872,447
6 Grapevine Station 2,647,474 68,250 0 2,579,224 93.8% 11/15/2018     TTM 10/31/2018 4,763,775 2,186,686 2,577,089
7 Nostrand Avenue Shopping Center 2,178,945 12,149 131,482 2,035,314 92.7% 12/12/2018     NAV NAV NAV NAV
8 Roseville Shopping Center 2,674,128 14,519 58,074 2,601,535 94.3% 11/20/2018     TTM 9/30/2018 2,941,519 695,540 2,245,979
9 Northchase Office Portfolio 2,511,950 64,854 186,692 2,260,404 94.1% 12/1/2018     TTM 10/31/2018 4,352,985 1,940,268 2,412,716
9.01 Northchase 895,078 17,721 69,522 807,835 94.3% 12/1/2018     TTM 10/31/2018 1,509,869 699,590 810,280
9.02 Crestwood 876,495 23,392 72,380 780,724 93.1% 12/1/2018     TTM 10/31/2018 1,391,447 709,333 682,114
9.03 Mansell 740,377 23,742 44,790 671,845 95.0% 12/1/2018     TTM 10/31/2018 1,451,669 531,346 920,323
10 Catania Pasadena 1,345,035 11,550 0 1,333,485 93.9% 11/14/2018     TTM 10/31/2018 2,442,372 1,107,909 1,334,463
11 Merge Office 2,019,788 25,931 104,476 1,889,381 97.6% 2/1/2019     TTM 10/31/2018 1,915,156 1,139,930 775,226
12 DoubleTree Leominster 2,614,825 392,603 0 2,222,221 78.1% 10/31/2018 130 102 TTM 10/31/2018 9,886,119 7,301,454 2,584,664
13 Dominion Tower 6,717,263 60,491 405,295 6,251,477 88.3% 10/31/2018     TTM 10/31/2018 10,734,542 3,816,541 6,918,001
14 Tristone Flowtech USA 1,317,750 21,500 0 1,296,250 100.0% 3/1/2019            
15 StaxUp Self Storage - San Ysidro 1,270,300 35,798 0 1,234,502 74.4% 11/27/2018     TTM 10/31/2018 1,856,775 585,833 1,270,942
16 The Edge Apartments 1,254,426 37,800 0 1,216,626 93.7% 1/17/2019     Actual 2018 1,747,177 656,055 1,091,122
17 Radisson Yuma 1,737,844 217,881 0 1,519,963 78.0% 11/30/2018 112 88 TTM 11/30/2018 5,447,024 3,781,690 1,665,334
18 Proguard Self Storage - Braeswood 1,310,474 11,782 0 1,298,692 86.7% 11/8/2018     TTM 10/31/2018 2,150,908 826,236 1,324,672
19 Florissant Marketplace 1,364,166 21,939 146,258 1,195,971 100.0% 9/1/2018     TTM 10/31/2018 2,274,076 960,843 1,313,234
20 9th Street Marketplace 1,031,162 12,511 38,620 980,031 93.4% 11/30/2018     TTM 11/30/2018 1,233,499 352,505 880,994
21 Westport US Storage NY & CA 1,257,558 12,291 0 1,245,266 88.2% 11/30/2018     TTM 9/30/2018 1,589,529 514,597 1,074,932
21.01 US Storage - Hawthorne, NY 878,010 7,960 0 870,050 87.1% 11/30/2018     TTM 9/30/2018 1,050,809 287,958 762,851
21.02 US Storage - Harbor City, CA 379,548 4,331 0 375,217 89.7% 11/30/2018     TTM 9/30/2018 538,721 226,640 312,081
22 601 Hudson Street 770,411 3,000 3,000 764,411 100.0% 11/30/2018     Annualized 3 11/30/2018 1,117,133 287,943 829,189
23 Custer Park 1,304,200 17,390 86,948 1,199,862 85.5% 10/1/2018     TTM 8/31/2018 2,074,706 1,011,607 1,063,098
24 One River Place 3,281,009 31,455 241,152 3,008,402 100.0% 3/1/2019     TTM 9/30/2018 5,070,130 1,101,111 3,969,019
25 1302-1316 Montana Avenue 993,292 5,567 51,397 936,328 94.5% 12/26/2018     TTM 11/30/2018 1,432,669 334,271 1,098,398
26 AAA Storage 1,415,797 35,738 0 1,380,059 93.7% 9/18/2018     Annualized 9 9/30/2018 2,132,624 625,089 1,507,535
27 La Puente Yard 1,063,867 2,193 31,048 1,030,626 100.0% 3/1/2019     NAV NAV NAV NAV
28 Rockaway Commons 1,294,490 12,992 34,646 1,246,852 100.0% 11/1/2018     TTM 9/30/2018 2,044,420 575,569 1,468,851
29 Staybridge Suites - Oconomowoc 1,592,277 152,450 0 1,439,827 74.4% 9/30/2018 108 80 TTM 9/30/2018 3,811,245 1,996,503 1,814,742
30 Holland Art Van 1,169,271 0 0 1,169,271 100.0% 10/12/2018     NAV NAV NAV NAV
31 Country Inn & Suites - Orlando 1,223,703 155,288 0 1,068,415 80.1% 11/30/2018 77 58 TTM 11/30/2018 3,995,688 2,717,877 1,277,811
32 Woodmen Corporate Center 1,043,604 10,283 98,014 935,307 77.9% 2/28/2019     TTM 10/31/2018 816,350 610,112 206,238
33 Westpointe Retail Center 752,714 5,374 11,681 735,659 89.7% 12/18/2018     TTM 10/31/2018 1,372,803 457,325 915,478
34 Homewood Suites Laredo 1,069,721 127,109 0 942,612 79.0% 11/30/2018 103 82 TTM 11/30/2018 3,177,716 2,058,091 1,119,625
35 OKC MHP Portfolio 756,414 17,800 0 738,614 88.2% 10/30/2018     TTM 10/31/2018 1,317,434 594,783 722,652
35.01 El Reno MHP 337,453 8,250 0 329,203 84.2% 10/30/2018     TTM 10/31/2018 612,753 282,415 330,338
35.02 Sunnylane MHP 221,758 5,100 0 216,658 95.1% 10/30/2018     TTM 10/31/2018 394,513 172,505 222,008
35.03 Skyview MHP 197,203 4,450 0 192,753 87.6% 10/30/2018     TTM 10/31/2018 310,168 139,862 170,306
36 Heatherstone Apartments 873,749 75,600 0 798,149 100.0% 12/31/2018     Actual 2018 2,043,221 1,194,908 848,313
37 Jewel-Osco Elgin 841,029 0 0 841,029 100.0% 3/1/2019     Actual 2018 875,000 0 875,000
38 19501 South Santa Fe Avenue 733,944 7,937 -6,401 732,408 100.0% 3/1/2018     TTM 8/31/2018 720,000 0 720,000
39 Stoneridge III 709,116 12,219 67,855 629,042 81.8% 12/31/2018     Annualized 9 11/30/2018 1,043,409 484,494 558,915
40 East North Self Storage 596,537 10,714 0 585,823 91.7% 11/26/2018     TTM 10/31/2018 755,966 212,856 543,109
41 Central Park Apartments 622,685 23,000 0 599,685 100.0% 11/6/2018     Actual 2018 1,048,359 418,610 629,748
42 Hampton Inn Brevard 765,758 77,591 0 688,167 56.1% 12/31/2018 116 65 Actual 2018 1,927,149 1,163,199 763,950
43 Too Much Self Storage 553,081 7,550 0 545,531 87.6% 11/26/2018     TTM 10/31/2018 759,392 194,455 564,937
44 Shadow Glen Apartments 542,121 12,750 0 529,371 100.0% 11/11/2018     TTM 10/31/2018 818,893 245,265 573,628
45 599 Johnson Ave 509,911 4,043 20,258 485,611 96.0% 10/31/2018     TTM 9/30/2018 445,976 84,269 361,707
46 659 Broadway 482,425 975 4,876 476,573 100.0% 3/1/2019     TTM 9/30/2018 527,099 38,361 488,738
47 100 Gardner Park 729,099 19,479 38,463 671,158 100.0% 12/1/2018     Annualized 6 9/30/2018 921,362 147,770 773,592
48 St. Lucie MHC 535,173 10,850 0 524,323 83.4% 1/10/2019     TTM 11/30/2018 871,828 342,206 529,622
49 Carrington Ridge Phase II 463,769 9,000 0 454,769 97.2% 11/28/2018     Annualized 3 10/31/2018 511,853 134,491 377,362
50 Tolip Apartments 462,661 32,528 0 430,133 100.0% 11/30/2018     Actual 2018 925,756 436,389 489,367
51 Howard Park Plaza- CA 667,458 19,709 49,273 598,476 98.2% 10/25/2018     TTM 10/31/2018 815,858 224,894 590,964
52 Holiday Park MHC 439,856 12,400 0 427,456 77.0% 1/1/2019     TTM 11/30/2018 698,058 245,232 452,826
53 Coach Post MHC 403,268 3,750 0 399,518 96.0% 12/12/2018     Actual 2018 565,969 130,538 435,431
54 Telegraph Budget Storage 393,154 9,203 0 383,951 95.0% 12/20/2018     TTM 10/31/2018 579,261 236,133 343,128
55 Spencer Mini Storage 345,292 5,688 0 339,604 90.1% 11/30/2018     TTM 11/30/2018 682,329 343,981 338,348
56 Colony MHC 300,027 7,150 0 292,877 73.4% 1/1/2019     Actual 2018 537,997 160,178 377,819
57 GA MHC Portfolio 300,507 7,900 0 292,607 98.1% 10/10/2018     TTM 9/30/2018 491,918 127,650 364,268
57.01 Deer Run II MHC 130,364 3,350 0 127,014 98.5% 10/10/2018     TTM 9/30/2018 195,153 32,545 162,608
57.02 EagleTrace/Shade Tree Village 170,142 4,550 0 165,592 97.8% 10/10/2018     TTM 9/30/2018 296,765 95,105 201,659
58 16755 Baseline 239,588 1,320 7,256 231,013 100.0% 12/13/2018     Annualized 11 11/13/2018 342,381 127,375 215,006
59 Starbucks - North Cicero 146,873 375 7,813 138,686 100.0% 3/1/2019     NAV NAV NAV NAV
60 2218 Old Middlefield Way 262,009 1,031 5,157 255,821 100.0% 12/1/2018     TTM 10/31/2018 257,342 39,263 218,079
61 Ridgewood MHC 139,557 3,000 0 136,557 93.3% 8/20/2018     TTM 8/31/2018 242,564 101,496 141,068
62 Archwood Apartments 125,110 9,560 0 115,551 90.9% 12/1/2018     TTM 10/31/2018 169,876 197,699 -27,823
63 Dollar General New Hampton 89,283 1,350 0 87,933 100.0% 3/1/2019            
64 Dollar General Pinconning 83,722 1,354 0 82,368 100.0% 3/1/2019            

 

A-1-6

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Most Recent Capital Expenditures Most Recent NCF ($) Most Recent Hotel ADR Most Recent Hotel RevPAR Second Most Recent Period Second Most Recent Revenues ($)(7) Second Most Recent Expenses ($) Second Most Recent NOI ($)(8) Second Most Recent Capital Expenditures Second Most Recent NCF ($) Second Most Recent Hotel ADR Second Most Recent Hotel RevPAR Third Most Recent Period
1 Innisfree Portfolio 0 8,652,214 181 154 Actual 2017 15,800,635 9,706,495 6,094,140 0 6,094,140 173 140 Actual 2016
1.01 Hilton Garden Inn Fort Walton Beach 0 5,369,981 194 163 Actual 2017 6,606,011 3,954,238 2,651,773 0 2,651,773 186 136  
1.02 Holiday Inn Fort Walton Beach 0 3,282,233 165 143 Actual 2017 9,194,624 5,752,257 3,442,367 0 3,442,367 165 143 Actual 2016
2 Bristow Center 0 4,319,793     Actual 2017 5,900,965 1,530,540 4,370,425 0 4,370,425     Actual 2016
3 Residence Inn Denver City Center 0 6,070,595 184 143 Actual 2017 12,812,803 6,322,363 6,490,440 0 6,490,440 181 150 Actual 2016
4 Shops at Trace Fork 0 4,570,886     Actual 2017 5,631,421 983,847 4,647,574 0 4,647,574     Actual 2016
5 575 Maryville 0 2,872,447     Actual 2017 5,909,730 2,466,186 3,443,544 0 3,443,544     Actual 2016
6 Grapevine Station 0 2,577,089     Actual 2017 4,748,111 2,146,225 2,601,886 0 2,601,886     Actual 2016
7 Nostrand Avenue Shopping Center NAV NAV     NAV NAV NAV NAV NAV NAV     NAV
8 Roseville Shopping Center 0 2,245,979     Actual 2017 3,179,409 719,025 2,460,384 0 2,460,384     Actual 2016
9 Northchase Office Portfolio 0 2,412,716     Various 4,132,039 1,703,121 2,428,917 0 2,428,917     Actual 2015
9.01 Northchase 0 810,280     Actual 2017 1,456,187 659,714 796,473 0 796,473     Actual 2015
9.02 Crestwood 0 682,114     Actual 2017 1,309,501 599,741 709,760 0 709,760     Actual 2015
9.03 Mansell 0 920,323     Annualized 11 12/31/2017 1,366,351 443,666 922,684 0 922,684     Actual 2015
10 Catania Pasadena 0 1,334,463     Actual 2017 2,427,646 1,053,586 1,374,060 0 1,374,060     Actual 2016
11 Merge Office 0 775,226     Actual 2017 1,557,238 1,039,130 518,108 0 518,108     Actual 2016
12 DoubleTree Leominster 0 2,584,664 130 102 Actual 2017 8,976,205 7,143,944 1,832,261 0 1,832,261 117 91 TTM 7/31/2016
13 Dominion Tower 0 6,918,001     Actual 2017 9,812,727 3,725,778 6,086,949 0 6,086,949     Actual 2016
14 Tristone Flowtech USA                          
15 StaxUp Self Storage - San Ysidro 0 1,270,942     Actual 2017 1,803,239 596,724 1,206,515 0 1,206,515     Actual 2016
16 The Edge Apartments 0 1,091,122     Annualized 9 12/31/2017 1,587,582 616,342 971,240 0 971,240     Actual 2016
17 Radisson Yuma 0 1,665,334 112 88 Actual 2017 5,275,514 3,510,276 1,765,238 0 1,765,238 110 85 Actual 2016
18 Proguard Self Storage - Braeswood 0 1,324,672     Actual 2017 2,066,591 781,977 1,284,614 0 1,284,614     Actual 2016
19 Florissant Marketplace 0 1,313,234     Actual 2017 2,244,422 937,068 1,307,354 0 1,307,354     Actual 2016
20 9th Street Marketplace 0 880,994     Actual 2017 833,794 297,037 536,757 0 536,757     Actual 2016
21 Westport US Storage NY & CA 0 1,074,932     Actual 2017 1,448,311 505,764 942,547 0 942,547     Various
21.01 US Storage - Hawthorne, NY 0 762,851     Actual 2017 933,999 269,555 664,444 0 664,444     TTM 10/31/2016
21.02 US Storage - Harbor City, CA 0 312,081     Actual 2017 514,312 236,208 278,103 0 278,103     TTM 9/30/2016
22 601 Hudson Street 0 829,189     TTM 11/30/2018 571,340 263,384 307,956 0 307,956     NAV
23 Custer Park 2,299 1,060,799     Actual 2017 1,867,501 844,013 1,023,488 2,979 1,020,509     Actual 2016
24 One River Place 116,364 3,852,655     Actual 2017 5,280,460 1,081,414 4,199,046 116,364 4,082,682     Actual 2016
25 1302-1316 Montana Avenue 0 1,098,398     Actual 2017 1,336,619 328,296 1,008,323 0 1,008,323     Actual 2016
26 AAA Storage 0 1,507,535     Actual 2017 1,898,283 705,699 1,192,585 0 1,192,585     Actual 2016
27 La Puente Yard NAV NAV     NAV NAV NAV NAV NAV NAV     NAV
28 Rockaway Commons 0 1,468,851     Actual 2017 1,955,112 572,220 1,382,892 0 1,382,892     Actual 2016
29 Staybridge Suites - Oconomowoc 27,056 1,787,686 108 80 Actual 2017 3,226,616 1,868,785 1,357,831 49,380 1,308,451 108 68 Actual 2016
30 Holland Art Van NAV NAV     NAV NAV NAV NAV NAV NAV     NAV
31 Country Inn & Suites - Orlando 0 1,277,811 75 60 Actual 2017 3,489,052 2,355,043 1,134,009 0 1,134,009 71 53 Actual 2016
32 Woodmen Corporate Center 0 206,238     Actual 2017 182,430 593,899 -411,469 0 -411,469     Actual 2016
33 Westpointe Retail Center 0 915,478     Actual 2017 1,340,663 452,246 888,417 0 888,417     Actual 2016
34 Homewood Suites Laredo 0 1,119,625 103 82 Actual 2017 3,052,198 2,020,020 1,032,178 0 1,032,178 103 79 Actual 2016
35 OKC MHP Portfolio 22,476 700,176     Actual 2017 1,141,541 584,889 556,652 16,950 539,702     Actual 2016
35.01 El Reno MHP 8,251 322,088     Actual 2017 532,735 286,077 246,658 7,575 239,083     Actual 2016
35.02 Sunnylane MHP 9,775 212,233     Actual 2017 324,092 163,229 160,863 4,950 155,913     Actual 2016
35.03 Skyview MHP 4,450 165,855     Actual 2017 284,714 135,583 149,131 4,425 144,706     Actual 2016
36 Heatherstone Apartments 0 848,313     Actual 2017 1,680,751 1,059,288 621,463 0 621,463     Actual 2016
37 Jewel-Osco Elgin 0 875,000     NAV NAV NAV NAV NAV NAV     NAV
38 19501 South Santa Fe Avenue 0 720,000     Actual 2017 720,000 0 720,000 0 720,000     Actual 2016
39 Stoneridge III 0 558,915     Actual 2017 1,158,481 512,707 645,774 0 645,774     Actual 2016
40 East North Self Storage 0 543,109     Actual 2017 778,400 219,657 558,743 0 558,743     Actual 2016
41 Central Park Apartments 0 629,748     Annualized 10 12/31/2017 820,445 409,570 410,875 0 410,875     Actual 2016
42 Hampton Inn Brevard 77,086 686,864 116 65 Actual 2017 2,284,387 1,293,000 991,388 91,375 900,013 112 78 Actual 2016
43 Too Much Self Storage 0 564,937     Actual 2017 778,318 186,419 591,899 0 591,899     Actual 2016
44 Shadow Glen Apartments 0 573,628     Actual 2017 760,272 229,191 531,081 0 531,081     Actual 2016
45 599 Johnson Ave 0 361,707     NAV NAV NAV NAV NAV NAV     NAV
46 659 Broadway 0 488,738     Actual 2017 494,827 37,722 457,105 0 457,105     NAV
47 100 Gardner Park 0 773,592     NAV NAV NAV NAV NAV NAV     NAV
48 St. Lucie MHC 0 529,622     Actual 2017 937,143 353,671 583,471 0 583,471     Actual 2016
49 Carrington Ridge Phase II 0 377,362     Annualized 6 10/31/2018 388,363 122,397 265,966 0 265,966      
50 Tolip Apartments 0 489,367     Actual 2016 818,325 411,288 407,037 0 407,037     Actual 2015
51 Howard Park Plaza- CA 0 590,964     Actual 2017 811,832 232,814 579,018 0 579,018     Actual 2016
52 Holiday Park MHC 0 452,826     Actual 2017 700,267 258,319 441,948 0 441,948     Actual 2016
53 Coach Post MHC 0 435,431     Actual 2017 344,848 110,367 234,481 0 234,481     NAV
54 Telegraph Budget Storage 0 343,128     Annualized 8 12/31//2017 563,853 228,451 335,403 0 335,403     NAV
55 Spencer Mini Storage 0 338,348     Actual 2017 644,405 330,111 314,294 0 314,294     Actual 2016
56 Colony MHC 0 377,819     Actual 2017 512,728 160,308 352,419 0 352,419     Actual 2016
57 GA MHC Portfolio 0 364,268     Actual 2017 470,623 122,742 347,881 0 347,881     Actual 2016
57.01 Deer Run II MHC 0 162,608     Actual 2017 186,580 36,862 149,718 0 149,718     Actual 2016
57.02 EagleTrace/Shade Tree Village 0 201,659     Actual 2017 284,043 85,880 198,163 0 198,163     Actual 2016
58 16755 Baseline 0 215,006     Actual 2017 359,526 112,484 247,042 0 247,042     Actual 2016
59 Starbucks - North Cicero NAV NAV     NAV NAV NAV NAV NAV NAV     NAV
60 2218 Old Middlefield Way 0 218,079     Actual 2017 318,264 35,232 283,032 0 283,032     Actual 2016
61 Ridgewood MHC 0 141,068     Actual 2017 235,181 93,200 141,981 0 141,981     Actual 2016
62 Archwood Apartments 0 -27,823     Actual 2017 202,709 229,708 -26,999 0 -26,999     Actual 2016
63 Dollar General New Hampton                          
64 Dollar General Pinconning                          

 

A-1-7

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Third Most Recent Revenues ($)(7) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent Capital Expenditures Third Most Recent NCF ($) Third Most Recent Hotel ADR Third Most Recent Hotel RevPAR Master Lease (Y/N)(10) Largest Tenant Name(9)(11)(12)(13)(14) Largest Tenant Sq. Ft. Largest
Tenant
% of NRA		 Largest Tenant Exp. Date
1 Innisfree Portfolio 9,271,187 6,022,488 3,248,699 0 3,248,699 172 143 N        
1.01 Hilton Garden Inn Fort Walton Beach               N        
1.02 Holiday Inn Fort Walton Beach 9,271,187 6,022,488 3,248,699 0 3,248,699 172 143 N        
2 Bristow Center 5,705,453 1,405,568 4,299,886 0 4,299,886     N Harris Teeter 56,298 35.6% 5/31/2027
3 Residence Inn Denver City Center 12,369,145 5,988,362 6,380,783 0 6,380,783 180 144 N        
4 Shops at Trace Fork 5,693,250 1,093,078 4,600,171 0 4,600,171     N Lowe’s 135,197 36.8% 7/31/2024
5 575 Maryville 6,757,060 2,506,436 4,250,624 0 4,250,624     N Cushman & Wakefield 137,682 54.3% 7/31/2027
6 Grapevine Station 4,604,820 2,070,473 2,534,347 0 2,534,347     N        
7 Nostrand Avenue Shopping Center NAV NAV NAV NAV NAV     N Aldi 18,481 22.8% 7/31/2023
8 Roseville Shopping Center 3,109,932 704,777 2,405,155 0 2,405,155     N Petco Animal Supplies, Inc. 15,486 16.0% 6/30/2027
9 Northchase Office Portfolio 3,471,903 1,665,847 1,806,056 0 1,806,056     N Various Various Various Various
9.01 Northchase 1,020,204 626,193 394,011 0 394,011     N Oversight Systems, Inc 19,211 22.6% 7/31/2020
9.02 Crestwood 1,328,406 594,737 733,669 0 733,669     N NorthPoint Executives Suites Duluth, LLC 20,835 22.2% 8/31/2023
9.03 Mansell 1,123,293 444,917 678,376 0 678,376     N Paperhost.com, Inc. 13,253 17.2% 9/30/2020
10 Catania Pasadena 2,322,031 822,135 1,499,896 0 1,499,896     N        
11 Merge Office 1,742,442 1,145,256 597,185 0 597,185     N Universal Care 33,566 25.9% 12/31/2022
12 DoubleTree Leominster 7,964,155 6,061,470 1,902,685 0 1,902,685 120 82 N        
13 Dominion Tower 9,630,456 3,629,404 6,001,052 0 6,001,052     N CACI Enterprise Solutions, Inc. 49,910 12.4% 8/31/2023
14 Tristone Flowtech USA               N Tristone Flowtech USA Inc. 215,000 100.0% 11/30/2028
15 StaxUp Self Storage - San Ysidro 1,633,999 543,616 1,090,383 0 1,090,383     N        
16 The Edge Apartments 1,485,995 614,101 871,894 0 871,894     N        
17 Radisson Yuma 4,594,297 3,224,341 1,369,956 0 1,369,956 103 72 N        
18 Proguard Self Storage - Braeswood 1,998,665 813,888 1,184,777 0 1,184,777     N        
19 Florissant Marketplace 2,272,268 878,035 1,394,233 0 1,394,233     N Schnuck’s Store 70,262 48.0% 11/30/2021
20 9th Street Marketplace 926,227 336,828 589,399 0 589,399     N PetSmart 20,191 32.3% 3/31/2028
21 Westport US Storage NY & CA 1,327,906 609,137 718,769 0 718,769     N        
21.01 US Storage - Hawthorne, NY 813,607 377,711 435,896 0 435,896     N        
21.02 US Storage - Harbor City, CA 514,299 231,426 282,873 0 282,873     N        
22 601 Hudson Street NAV NAV NAV NAV NAV     N        
23 Custer Park 1,816,794 725,012 1,091,783 1,218 1,090,565     N Gotta Dance 5,777 5.0% 7/31/2019
24 One River Place 5,000,001 1,004,140 3,995,861 116,364 3,879,497     N AAA Club Alliance Inc. 157,273 100.0% 6/30/2035
25 1302-1316 Montana Avenue 1,230,840 347,158 883,682 0 883,682     N Side Porch Production 5,333 33.5% 8/31/2022
26 AAA Storage 1,786,987 645,780 1,141,207 0 1,141,207     N        
27 La Puente Yard NAV NAV NAV NAV NAV     N Fleet Yards, Inc 415,121 100.0% 7/31/2028
28 Rockaway Commons 1,984,299 529,097 1,455,202 0 1,455,202     N Huffman Koos Furniture 32,561 37.6% 7/31/2031
29 Staybridge Suites - Oconomowoc 2,997,880 1,776,010 1,221,870 29,965 1,191,905 102 63 N        
30 Holland Art Van NAV NAV NAV NAV NAV     N Art Van 91,388 100.0% 3/31/2037
31 Country Inn & Suites - Orlando 3,235,930 2,551,987 683,943 0 683,943 72 52 N        
32 Woodmen Corporate Center 272,126 538,031 -265,905 0 -265,905     N Delta Solutions & Strategies, LLC 15,195 14.2% 6/30/2023
33 Westpointe Retail Center 1,222,140 384,595 837,545 0 837,545     N First Watch E&I Restaurant Group, LLC 3,850 12.9% 12/31/2023
34 Homewood Suites Laredo 2,848,369 1,852,569 995,800 0 995,800 101 73 N        
35 OKC MHP Portfolio 1,035,046 566,244 468,801 16,100 452,701     Y        
35.01 El Reno MHP 496,676 306,637 190,039 6,900 183,139     Y        
35.02 Sunnylane MHP 277,054 153,815 123,239 4,800 118,439     Y        
35.03 Skyview MHP 261,315 105,792 155,523 4,400 151,123     Y        
36 Heatherstone Apartments 1,592,304 993,307 598,996 0 598,996     N        
37 Jewel-Osco Elgin NAV NAV NAV NAV NAV     N New Albertsons L.P. (dba Jewel-Osco) 69,129 100.0% 1/31/2038
38 19501 South Santa Fe Avenue 720,000 0 720,000 0 720,000     N General Petroleum Corporation 71,250 100.0% 12/31/2033
39 Stoneridge III 1,086,090 532,392 553,698 0 553,698     N Resnick Law 12,811 21.0% 4/30/2024
40 East North Self Storage 763,909 205,512 558,397 0 558,397     N        
41 Central Park Apartments 655,950 352,234 303,715 0 303,715     N        
42 Hampton Inn Brevard 2,332,229 1,305,987 1,026,242 93,289 932,953 109 80 N        
43 Too Much Self Storage 792,470 193,687 598,783 0 598,783     N        
44 Shadow Glen Apartments 654,953 190,991 463,962 0 463,962     N        
45 599 Johnson Ave NAV NAV NAV NAV NAV     N Elsewhere 20,214 73.7% 8/31/2026
46 659 Broadway NAV NAV NAV NAV NAV     Y Blades Skate and Apparel 4,876 100.0% 1/31/2027
47 100 Gardner Park NAV NAV NAV NAV NAV     N Atlantic Tape Company, Inc. 70,000 53.9% 1/31/2028
48 St. Lucie MHC 936,372 395,710 540,662 0 540,662     N        
49 Carrington Ridge Phase II               N        
50 Tolip Apartments 826,964 419,323 407,641 0 407,641     N        
51 Howard Park Plaza- CA 796,758 234,237 562,521 0 562,521     N Save Mart #77 44,645 45.3% 11/30/2022
52 Holiday Park MHC 698,771 265,117 433,654 0 433,654     Y        
53 Coach Post MHC NAV NAV NAV NAV NAV     N        
54 Telegraph Budget Storage NAV NAV NAV NAV NAV     N        
55 Spencer Mini Storage 615,221 340,776 274,445 0 274,445     N        
56 Colony MHC 311,072 125,951 185,122 0 185,122     Y        
57 GA MHC Portfolio 421,617 126,127 295,490 0 295,490     Y        
57.01 Deer Run II MHC 172,781 37,075 135,706 0 135,706     Y        
57.02 EagleTrace/Shade Tree Village 248,836 89,052 159,784 0 159,784     Y        
58 16755 Baseline 339,718 109,754 229,964 0 229,964     N Biscuits 2,400 20.0% 8/31/2022
59 Starbucks - North Cicero NAV NAV NAV NAV NAV     N Starbucks 2,500 100.0% 8/31/2028
60 2218 Old Middlefield Way 292,873 38,357 254,515 0 254,515     N Serene Hu 2,610 25.3% 5/31/2021
61 Ridgewood MHC 243,441 93,980 149,461 0 149,461     N        
62 Archwood Apartments 240,637 150,016 90,621 0 90,621     N        
63 Dollar General New Hampton               N Dollar General 9,002 100.0% 9/30/2033
64 Dollar General Pinconning               N Dollar General 9,026 100.0% 9/30/2033

 

A-1-8

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name 2nd Largest Tenant Name(9)(12) 2nd Largest Tenant Sq. Ft. 2nd Largest
Tenant
% of NRA		 2nd Largest Tenant Exp. Date 3rd Largest Tenant Name(9)(12)(13) 3rd Largest Tenant Sq. Ft. 3rd Largest
Tenant
% of NRA		 3rd Largest Tenant Exp. Date 4th Largest Tenant Name(12) 4th Largest Tenant Sq. Ft. 4th Largest
Tenant
% of NRA
1 Innisfree Portfolio                      
1.01 Hilton Garden Inn Fort Walton Beach                      
1.02 Holiday Inn Fort Walton Beach                      
2 Bristow Center CVS 12,900 8.2% 1/31/2030 Minnieland Private Day School 11,500 7.3% 6/30/2030 Anytime Fitness 4,963 3.1%
3 Residence Inn Denver City Center                      
4 Shops at Trace Fork Dick’s Sporting Goods 48,000 13.1% 1/31/2020 Best Buy 32,150 8.7% 1/31/2022 Marshalls 30,500 8.3%
5 575 Maryville Eastman 46,086 18.2% 9/30/2023 Century Link 45,807 18.1% 6/30/2022 Maryville University 16,417 6.5%
6 Grapevine Station                      
7 Nostrand Avenue Shopping Center Blink Fitness 16,633 20.5% 6/30/2029 Rite Aid 12,434 15.4% 6/30/2024 Party City 10,000 12.3%
8 Roseville Shopping Center W Salon Suites 13,114 13.5% 3/31/2029 Big 5 Sporting Goods 10,000 10.3% 1/31/2021 Chevy’s Mexican Restaurant 6,500 6.7%
9 Northchase Office Portfolio Various Various Various Various Various Various Various Various Various Various Various
9.01 Northchase CMI Limited Co. 14,484 17.0% 4/30/2020 MFG.com 9,277 10.9% 4/30/2020 Pinkerton & Laws of Georgia 8,093 9.5%
9.02 Crestwood Paranet Corporation Services, INC 7,356 7.9% 3/31/2022 M &  S Home Care Services, Inc. 5,228 5.6% 2/28/2020 Anderson Daymon Worldwide, LLC 5,059 5.4%
9.03 Mansell Medlytix, Inc. 12,149 15.8% 6/30/2021 Factor Trust, Inc. 11,858 15.4% 7/31/2020 Keller Williams Realty Consultants, LLC 10,713 13.9%
10 Catania Pasadena                      
11 Merge Office ADR Management 11,657 9.0% 2/28/2026 Sun Engineering 11,600 8.9% 9/30/2021 CAM Commerce Solutions 7,149 5.5%
12 DoubleTree Leominster                      
13 Dominion Tower Trader Interactive LLC 39,081 9.7% 12/31/2025 Harbor Group 26,037 6.5% 3/31/2026 New York Life Insurance 24,813 6.2%
14 Tristone Flowtech USA                      
15 StaxUp Self Storage - San Ysidro                      
16 The Edge Apartments                      
17 Radisson Yuma                      
18 Proguard Self Storage - Braeswood                      
19 Florissant Marketplace Gold’s Gym 40,154 27.5% 10/31/2022 Pet Supplies Plus 7,500 5.1% 12/31/2028 Bandana’s B-B-Q 5,500 3.8%
20 9th Street Marketplace Ace Hardware 12,871 20.6% 7/31/2027 Apex Dental Murray, LLC 2,681 4.3% 8/31/2020 Greek Souvlaki 2,455 3.9%
21 Westport US Storage NY & CA                      
21.01 US Storage - Hawthorne, NY                      
21.02 US Storage - Harbor City, CA                      
22 601 Hudson Street                      
23 Custer Park Dhyana Yoga 5,618 4.8% 6/30/2021 Plano Martial Arts 5,212 4.5% 10/31/2021 Woof…cool stuff for dogs 4,200 3.6%
24 One River Place                      
25 1302-1316 Montana Avenue Chico’s FAS 2,682 16.9% 3/31/2021 David Wallechinsky 2,622 16.5% 7/31/2019 Sweaty Betty 1,362 8.6%
26 AAA Storage                      
27 La Puente Yard                      
28 Rockaway Commons Aldi 16,982 19.6% 6/30/2023 Walgreens 14,820 17.1% 1/31/2081 Goodwill 13,687 15.8%
29 Staybridge Suites - Oconomowoc                      
30 Holland Art Van                      
31 Country Inn & Suites - Orlando                      
32 Woodmen Corporate Center Maxim Healthcare Services, Inc. 13,212 12.3% 11/30/2024 Leidos, Inc. 9,510 8.9% 1/31/2023 Physician Health Partners, LLC 7,889 7.4%
33 Westpointe Retail Center Kalra Investments, Inc. 3,300 11.1% 6/30/2024 Tavistock Freebirds, LLC 2,520 8.4% 1/31/2020 Five Guys Properties, LLC 2,500 8.4%
34 Homewood Suites Laredo                      
35 OKC MHP Portfolio                      
35.01 El Reno MHP                      
35.02 Sunnylane MHP                      
35.03 Skyview MHP                      
36 Heatherstone Apartments                      
37 Jewel-Osco Elgin                      
38 19501 South Santa Fe Avenue                      
39 Stoneridge III REI Investment Group Inc 7,180 11.8% 12/31/2025 Financial Independence, LLC 4,636 7.6% 4/30/2026 Alidade Capital, LLC 4,540 7.4%
40 East North Self Storage                      
41 Central Park Apartments                      
42 Hampton Inn Brevard                      
43 Too Much Self Storage                      
44 Shadow Glen Apartments                      
45 599 Johnson Ave Mission Chinese Food 5,100 18.6% 10/31/2027 Brooklyn Record Exchange 1,000 3.6% 3/31/2028      
46 659 Broadway                      
47 100 Gardner Park Flexiforce, LLC and Flexiforce Canada, Inc. 35,120 27.0% 5/31/2023 Panasonic Automotive Systems Company of America 24,741 19.1% 10/31/2027      
48 St. Lucie MHC                      
49 Carrington Ridge Phase II                      
50 Tolip Apartments                      
51 Howard Park Plaza- CA Second Generation Furniture, Inc. 23,160 23.5% 4/30/2020 Andrew Guitierrez 4,000 4.1% MTM Terri Felix 3,800 3.9%
52 Holiday Park MHC                      
53 Coach Post MHC                      
54 Telegraph Budget Storage                      
55 Spencer Mini Storage                      
56 Colony MHC                      
57 GA MHC Portfolio                      
57.01 Deer Run II MHC                      
57.02 EagleTrace/Shade Tree Village                      
58 16755 Baseline Perledent Dental 2,400 20.0% 1/31/2021 Urban Restaurants 2,100 17.5% 7/30/2022 KSUP 1,500 12.5%
59 Starbucks - North Cicero                      
60 2218 Old Middlefield Way Donald E. Ryan 1,224 11.9% 11/30/2019 Mark Migdal 1,200 11.6% 4/30/2019 Calvary Chapel Mount 870 8.4%
61 Ridgewood MHC                      
62 Archwood Apartments                      
63 Dollar General New Hampton                      
64 Dollar General Pinconning                      

 

A-1-9

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name 4th Largest Tenant Exp. Date 5th Largest Tenant Name(12) 5th Largest Tenant Sq. Ft. 5th Largest
Tenant
% of NRA		 5th Largest Tenant Exp. Date Engineering Report Date Environmental Report Date (Phase I) Environmental Report Date (Phase II) Seismic Report Date Seismic PML % Seismic Insurance Required  (Y/N) Terrorism Insurance (Y/N) Loan Purpose
1 Innisfree Portfolio           8/28/2018 8/30/2018       N Y Refinance
1.01 Hilton Garden Inn Fort Walton Beach           8/28/2018 8/30/2018       N Y  
1.02 Holiday Inn Fort Walton Beach           8/28/2018 8/30/2018       N Y  
2 Bristow Center MTM Novant Health Bull Run Family 4,500 2.8% 3/21/2021 11/21/2018 11/20/2018       N Y Refinance
3 Residence Inn Denver City Center           11/30/2018 10/4/2018       N Y Acquisition
4 Shops at Trace Fork 3/31/2025 PetSmart 26,988 7.3% 1/31/2020 11/5/2018 11/5/2018       N Y Refinance
5 575 Maryville 10/31/2025         9/19/2018 9/18/2018       N Y Acquisition
6 Grapevine Station           11/16/2018 11/15/2018       N Y Acquisition
7 Nostrand Avenue Shopping Center 6/30/2022 Lucky Enterprises 9,088 11.2% 7/31/2028 11/15/2018 11/14/2018 12/20/2018     N Y Acquisition
8 Roseville Shopping Center 2/28/2021 Fed Ex Office 6,400 6.6% 1/31/2022 11/14/2018 11/14/2018 6/11/2018 9/18/2018 4.0% N Y Acquisition
9 Northchase Office Portfolio Various Various Various Various Various Various Various       N Y Refinance
9.01 Northchase 6/30/2019 Legacy Data Access, LLC 5,518 6.5% 7/31/2021 11/8/2018 11/9/2018       N Y  
9.02 Crestwood 3/31/2019 Advanced Benefit Solutions 4,485 4.8% 6/30/2026 11/7/2018 11/8/2018       N Y  
9.03 Mansell 11/30/2020 Clickagy 6,667 8.7% 2/29/2024 11/8/2018 11/8/2018       N Y  
10 Catania Pasadena           11/16/2018 11/19/2018   10/29/2018 12.0% N Y Refinance
11 Merge Office 8/31/2023 Zim American 6,390 4.9% 7/31/2023 12/4/2018 12/4/2018   12/4/2018 8.0% N Y Acquisition
12 DoubleTree Leominster           10/25/2018 10/24/2018       N Y Refinance
13 Dominion Tower 7/31/2024 Williams Mullen 22,145 5.5% 6/30/2021 11/14/2018 11/14/2018       N Y Acquisition
14 Tristone Flowtech USA           12/5/2018 12/5/2018       N Y Acquisition
15 StaxUp Self Storage - San Ysidro           11/1/2018 11/1/2018   11/1/2018 8.0% N Y Refinance
16 The Edge Apartments           12/12/2018 12/12/2018       N Y Refinance
17 Radisson Yuma           11/15/2018 11/15/2018   11/15/2018 5.0% N Y Refinance
18 Proguard Self Storage - Braeswood           11/27/2018 11/27/2018       N Y Refinance
19 Florissant Marketplace 11/30/2022 AAA 4,125 2.8% 4/30/2023 12/7/2018 12/6/2018       N Y Acquisition
20 9th Street Marketplace 12/31/2020 Addy & Olly 2,172 3.5% 3/31/2023 12/11/2018 12/11/2018   12/11/2018 12.0% N Y Refinance
21 Westport US Storage NY & CA           11/8/2018 11/8/2018   Various Various N Y Refinance
21.01 US Storage - Hawthorne, NY           11/8/2018 11/8/2018       N Y  
21.02 US Storage - Harbor City, CA           11/8/2018 11/8/2018   11/8/2018 7.0% N Y  
22 601 Hudson Street           11/6/2018 11/6/2018       N Y Refinance
23 Custer Park 4/30/2027 First Watch (Egg and I) 3,625 3.1% 6/30/2022 9/17/2018 9/17/2018       N Y Refinance
24 One River Place           10/8/2018 10/8/2018       N Y Refinance
25 1302-1316 Montana Avenue 9/30/2020 Hastens Furniture / Damon Capital LLC 1,118 7.0% 6/30/2020 12/17/2018 12/11/2018   12/11/2018 13.0% N Y Refinance
26 AAA Storage           11/19/2018 11/19/2018       N Y Refinance
27 La Puente Yard           12/17/2018 12/17/2018   12/17/2018 11.0% N Y Refinance
28 Rockaway Commons 1/31/2020 TD Bank 4,200 4.8% 8/2/2026 11/30/2018 11/30/2018       N Y Refinance
29 Staybridge Suites - Oconomowoc           10/15/2018 10/15/2018       N Y Acquisition
30 Holland Art Van           10/22/2018 8/22/2018       N Y Acquisition
31 Country Inn & Suites - Orlando           11/15/2018 11/15/2018       N Y Refinance
32 Woodmen Corporate Center 1/31/2026 Bison Media, Inc. 5,599 5.2% 4/30/2023 11/15/2018 11/15/2018       N Y Acquisition
33 Westpointe Retail Center 1/31/2020 CNL Wings X, Inc. 1,800 6.0% 12/31/2023 11/27/2018 11/26/2018       N Y Refinance
34 Homewood Suites Laredo           11/29/2019 11/29/2019       N Y Acquisition
35 OKC MHP Portfolio           11/13/2018 Various       N Y Acquisition
35.01 El Reno MHP           11/13/2018 11/5/2018       N Y  
35.02 Sunnylane MHP           11/13/2018 11/9/2018       N Y  
35.03 Skyview MHP           11/13/2018 11/5/2018       N Y  
36 Heatherstone Apartments           10/16/2018 10/16/2018       N Y Refinance
37 Jewel-Osco Elgin           12/20/2018 11/14/2018       N Y Acquisition
38 19501 South Santa Fe Avenue           10/15/2018 10/22/2018   10/12/2018 18.0% N Y Refinance
39 Stoneridge III 3/31/2022 North Star Partners LLC 2,835 4.6% 12/31/2023 1/10/2018 1/10/2018       N Y Refinance
40 East North Self Storage           11/14/2018 11/15/2018       N Y Acquisition
41 Central Park Apartments           10/18/2018 10/24/2018       N Y Refinance
42 Hampton Inn Brevard           12/11/2018 12/10/2018       N Y Refinance
43 Too Much Self Storage           11/20/2018 11/21/2018       N Y Acquisition
44 Shadow Glen Apartments           11/26/2018 11/27/2018   11/27/2018 5.0% N Y Refinance
45 599 Johnson Ave           1/12/2018 1/12/2018       N Y Refinance
46 659 Broadway           10/3/2018 10/8/2018       N Y Refinance
47 100 Gardner Park           11/29/2018 11/29/2018       N Y Acquisition
48 St. Lucie MHC           10/2/2018 10/2/2018       N Y Refinance
49 Carrington Ridge Phase II           10/17/2018 10/16/2018       N Y Refinance
50 Tolip Apartments           12/10/2018 12/10/2018       N Y Refinance
51 Howard Park Plaza- CA 11/30/2021 Stacey Dewall 3,219 3.3% 9/14/2021 11/26/2018     11/26/2018 7.0% N Y Refinance
52 Holiday Park MHC           11/29/2018 11/29/2018       N Y Acquisition
53 Coach Post MHC           9/27/2018 9/27/2018   9/27/2018 13.0% N Y Refinance
54 Telegraph Budget Storage           11/26/2018 12/10/2018       N Y Refinance
55 Spencer Mini Storage           11/20/2018 11/20/2018       N Y Acquisition
56 Colony MHC           12/13/2018 12/13/2018       N Y Acquisition
57 GA MHC Portfolio           5/18/2018 5/18/2018       N Y Refinance
57.01 Deer Run II MHC           5/18/2018 5/18/2018       N Y  
57.02 EagleTrace/Shade Tree Village           5/18/2018 5/18/2018       N Y  
58 16755 Baseline 2/28/2023 Thi Truong 1,200 10.0% 5/31/2020 11/21/2018     11/21/2018 8.0% N Y Acquisition
59 Starbucks - North Cicero           11/20/2018 10/22/2018       N Y Acquisition
60 2218 Old Middlefield Way 3/31/2021 Alla Viksne 870 8.4% 9/30/2019 7/10/2018     7/10/2018 18.0% N Y Refinance
61 Ridgewood MHC           5/31/2018 5/31/2018       N Y Acquisition
62 Archwood Apartments           11/29/2018         N Y Acquisition
63 Dollar General New Hampton           10/17/2018 10/17/2018       N Y Acquisition
64 Dollar General Pinconning           10/16/2018 10/17/2018       N Y Acquisition

 

A-1-10

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Engineering Escrow / Deferred Maintenance ($) Tax Escrow (Initial) Monthly Tax Escrow ($) Tax Escrow - Cash or LoC Tax Escrow - LoC Counterparty Insurance Escrow (Initial) Monthly Insurance Escrow ($) Insurance Escrow - Cash or LoC Insurance Escrow - LoC Counterparty Upfront Replacement Reserve ($)
1 Innisfree Portfolio 0 131,683 43,894 Cash   213,199 23,689 Cash   0
1.01 Hilton Garden Inn Fort Walton Beach                    
1.02 Holiday Inn Fort Walton Beach                    
2 Bristow Center 0 112,298 56,150 Cash   0 Springing     0
3 Residence Inn Denver City Center 0 457,128 65,304 Cash   0 Springing     0
4 Shops at Trace Fork 0 0 Springing     0 Springing     0
5 575 Maryville 0 69,633 69,633 Cash   0 Springing     200,000
6 Grapevine Station 0 92,787 92,787 Cash   0 Springing     0
7 Nostrand Avenue Shopping Center 4,688 62,569 62,569 Cash   0 Springing     0
8 Roseville Shopping Center 9,275 89,325 28,357 Cash   15,001 2,857 Cash   0
9 Northchase Office Portfolio 44,750 163,808 30,676 Cash   0 Springing     0
9.01 Northchase                    
9.02 Crestwood                    
9.03 Mansell                    
10 Catania Pasadena 0 0 Springing     0 Springing     0
11 Merge Office 0 124,624 31,156 Cash   0 Springing     0
12 DoubleTree Leominster 0 16,051 16,051 Cash   0 Springing     0
13 Dominion Tower 900,015 0 62,980 Cash   70,075 7,786 Cash   0
14 Tristone Flowtech USA 0 0 Springing     0 Springing     0
15 StaxUp Self Storage - San Ysidro 0 34,539 11,513 Cash   0 Springing     0
16 The Edge Apartments 29,880 44,959 14,986 Cash   49,778 5,531 Cash   275,000
17 Radisson Yuma 0 14,508 14,508 Cash   13,567 4,522 Cash   0
18 Proguard Self Storage - Braeswood 0 35,106 35,106 Cash   15,304 3,826 Cash   0
19 Florissant Marketplace 41,088 98,411 47,772 Cash   9,167 4,365 Cash   0
20 9th Street Marketplace 0 15,456 5,152 Cash   0 Springing     0
21 Westport US Storage NY & CA 0 0 Springing     0 Springing     0
21.01 US Storage - Hawthorne, NY                    
21.02 US Storage - Harbor City, CA                    
22 601 Hudson Street 0 57,919 19,306 Cash   3,732 415 Cash   7,500
23 Custer Park 205,031 0 24,855 Cash   28,908 Springing Cash   0
24 One River Place 0 0 Springing     0 Springing     0
25 1302-1316 Montana Avenue 0 0 3,778 Cash   0 Springing     0
26 AAA Storage 0 26,559 6,640 Cash   11,895 1,487 Cash   0
27 La Puente Yard 0 0 Springing     0 Springing     0
28 Rockaway Commons 74,863 133,744 31,844 Cash   43,834 2,922 Cash   0
29 Staybridge Suites - Oconomowoc 10,500 60,500 10,083 Cash   9,108 4,554 Cash   5,979
30 Holland Art Van 0 0 Springing     0 Springing     0
31 Country Inn & Suites - Orlando 0 57,990 13,807 Cash   10,740 5,114 Cash   0
32 Woodmen Corporate Center 0 112,893 10,263 Cash   3,923 3,923 Cash   0
33 Westpointe Retail Center 0 19,572 19,572 Cash   10,920 2,184 Cash   0
34 Homewood Suites Laredo 0 106,724 15,246 Cash   2,778 2,778 Cash   0
35 OKC MHP Portfolio 62,533 3,274 3,274 Cash   9,007 3,002 Cash   1,484
35.01 El Reno MHP                    
35.02 Sunnylane MHP                    
35.03 Skyview MHP                    
36 Heatherstone Apartments 249,991 30,031 9,534 Cash   55,801 6,643 Cash   250,000
37 Jewel-Osco Elgin 11,625 0 Springing     2,686 1,279 Cash   0
38 19501 South Santa Fe Avenue 0 0 Springing     0 Springing     23,811
39 Stoneridge III 0 59,051 11,810 Cash   11,955 1,195 Cash   1,018
40 East North Self Storage 0 0 3,172 Cash   1,865 355 Cash   0
41 Central Park Apartments 0 22,264 7,421 Cash   17,791 3,558 Cash   0
42 Hampton Inn Brevard 0 13,059 4,146 Cash   8,576 1,021 Cash   0
43 Too Much Self Storage 0 17,368 4,342 Cash   4,320 1,080 Cash   0
44 Shadow Glen Apartments 14,500 18,009 4,288 Cash   3,924 1,246 Cash   0
45 599 Johnson Ave 0 8,768 4,384 Cash   23,153 2,894 Cash   0
46 659 Broadway 0 0 Springing     0 Springing     0
47 100 Gardner Park 0 30,405 7,601 Cash   8,040 2,680 Cash   0
48 St. Lucie MHC 5,938 12,218 4,073 Cash   0 Springing     0
49 Carrington Ridge Phase II 0 3,149 525 Cash   6,712 516 Cash   0
50 Tolip Apartments 44,688 32,141 16,071 Cash   14,114 2,823 Cash   2,675
51 Howard Park Plaza- CA 16,250 0 Springing     0 Springing     0
52 Holiday Park MHC 0 16,362 5,454 Cash   4,184 598 Cash   1,033
53 Coach Post MHC 31,125 12,955 2,591 Cash   2,102 234 Cash   313
54 Telegraph Budget Storage 0 21,375 4,275 Cash   0 Springing     0
55 Spencer Mini Storage 32,350 0 Springing     0 Springing     0
56 Colony MHC 109,375 20,556 6,852 Cash   3,294 1,568 Cash   0
57 GA MHC Portfolio 19,063 5,965 497 Cash   14,374 1,198 Cash   658
57.01 Deer Run II MHC                    
57.02 EagleTrace/Shade Tree Village                    
58 16755 Baseline 0 17,765 4,441 Cash   908 454 Cash   0
59 Starbucks - North Cicero 0 8,611 1,722 Cash   530 265 Cash   0
60 2218 Old Middlefield Way 0 1,494 497 Cash   3,059 765 Cash   0
61 Ridgewood MHC 25,000 0 2,745 Cash   941 471 Cash   250
62 Archwood Apartments 0 1,473 1,473 Cash   1,391 1,391 Cash   50,000
63 Dollar General New Hampton 0 4,000 333 Cash   0 Springing     0
64 Dollar General Pinconning 0 4,000 333 Cash   0 Springing     0

 

A-1-11

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Monthly Replacement Reserve ($)(15) Replacement Reserve Cap ($) Replacement Reserve Escrow - Cash or LoC Replacement Reserve Escrow - LoC Counterparty Upfront TI/LC Reserve ($)(16) Monthly TI/LC Reserve ($)(15)(16) TI/LC Reserve Cap ($) TI/LC Escrow - Cash or LoC
1 Innisfree Portfolio 1/12 of 4% of gross revenue 0 Cash   0 0 0  
1.01 Hilton Garden Inn Fort Walton Beach                
1.02 Holiday Inn Fort Walton Beach                
2 Bristow Center 1,581 0 Cash   250,000 13,174 500,000 Cash
3 Residence Inn Denver City Center 42,391 0 Cash   0 0 0  
4 Shops at Trace Fork Springing 0     0 Springing 918,650  
5 575 Maryville 4,301 0 Cash   0 32,256 0 Cash
6 Grapevine Station 5,688 0 Cash   0 0 0  
7 Nostrand Avenue Shopping Center 1,012 60,743 Cash   0 6,749 242,973 Cash
8 Roseville Shopping Center 1,210 43,556 Cash   0 4,840 174,224 Cash
9 Northchase Office Portfolio 5,405 0 Cash   271,000 20,833 750,000 Cash
9.01 Northchase                
9.02 Crestwood                
9.03 Mansell                
10 Catania Pasadena Springing 0     0 0 0  
11 Merge Office 2,161 77,796 Cash   100,000 10,805 388,698 Cash
12 DoubleTree Leominster 32,717 0 Cash   0 0 0  
13 Dominion Tower 5,041 0 Cash   62,020 33,773 0 Cash
14 Tristone Flowtech USA Springing 0     0 0 0  
15 StaxUp Self Storage - San Ysidro 2,983 107,394 Cash   0 0 0  
16 The Edge Apartments 3,150 0 Cash   0 0 0  
17 Radisson Yuma 1/12 of 4% of gross revenue 0 Cash   0 0 0  
18 Proguard Self Storage - Braeswood 1,473 53,000 Cash   0 0 0  
19 Florissant Marketplace 1,828 0 Cash   500,000 12,188 1,000,000 LoC
20 9th Street Marketplace 1,043; Springing 37,533 Cash   0 3,388; Springing 200,000 Cash
21 Westport US Storage NY & CA Springing 0     0 0 0  
21.01 US Storage - Hawthorne, NY                
21.02 US Storage - Harbor City, CA                
22 601 Hudson Street Springing 0 Cash   10,000 Springing 0 Cash
23 Custer Park 1,449 0 Cash   500,000 Springing 750,000 Cash
24 One River Place Springing 0     0 Springing 0  
25 1302-1316 Montana Avenue 0 0     0 0 0  
26 AAA Storage Springing 0     0 0 0  
27 La Puente Yard 3,459 0 Cash   0 0 0  
28 Rockaway Commons 1,083 0 Cash   500,000 2,887 500,000 Cash
29 Staybridge Suites - Oconomowoc 5,979 0 Cash   0 0 0  
30 Holland Art Van 0 0     0 0 0  
31 Country Inn & Suites - Orlando 12,945 0 Cash   0 0 0  
32 Woodmen Corporate Center 1,516 0 Cash   650,000 17,416 400,000 Cash
33 Westpointe Retail Center 448 16,128 Cash   150,000 2,886 150,000 Cash
34 Homewood Suites Laredo 1/12 of 2% of gross revenue for the first two years of the loan term; 1/12 of 4% of gross revenue thereafter 0 Cash   0 0 0  
35 OKC MHP Portfolio 1,483 0 Cash   0 0 0  
35.01 El Reno MHP                
35.02 Sunnylane MHP                
35.03 Skyview MHP                
36 Heatherstone Apartments 6,300 400,000 Cash   0 0 0  
37 Jewel-Osco Elgin Springing 0     0 Springing 0  
38 19501 South Santa Fe Avenue 661; Springing 23,811 Cash   142,500 5,938 142,500 Cash
39 Stoneridge III 1,018 0 Cash   5,655 5,655 0 Cash
40 East North Self Storage 893 0 Cash   0 0 0  
41 Central Park Apartments 1,917 0 Cash   0 0 0  
42 Hampton Inn Brevard 3,233 0 Cash   0 0 0  
43 Too Much Self Storage 944 22,650 Cash   0 0 0  
44 Shadow Glen Apartments 1,063 0 Cash   0 0 0  
45 599 Johnson Ave 337 0 Cash   0 1,688 0 Cash
46 659 Broadway Springing 0     0 0 0  
47 100 Gardner Park 1,623 0 Cash   0 3,205 0 Cash
48 St. Lucie MHC 904 0 Cash   0 0 0  
49 Carrington Ridge Phase II 750 0 Cash   0 0 0  
50 Tolip Apartments 2,675 0 Cash   0 0 0  
51 Howard Park Plaza- CA 1,642 0 Cash   0 4,106; Springing 75,000 Cash
52 Holiday Park MHC 1,033 0 Cash   0 0 0  
53 Coach Post MHC 313 0 Cash   0 0 0  
54 Telegraph Budget Storage 767 50,000 Cash   0 0 0  
55 Spencer Mini Storage Springing 0     0 0 0  
56 Colony MHC 596 0 Cash   0 0 0  
57 GA MHC Portfolio 658 0 Cash   0 0 0  
57.01 Deer Run II MHC                
57.02 EagleTrace/Shade Tree Village                
58 16755 Baseline 200; Springing 10,000 Cash   50,000 800 0 Cash
59 Starbucks - North Cicero Springing 0     125,000 417 0 Cash
60 2218 Old Middlefield Way 206 5,668 Cash   50,000 787 50,000 Cash
61 Ridgewood MHC 250 0 Cash   0 0 0  
62 Archwood Apartments 917 0 Cash   0 0 0  
63 Dollar General New Hampton 0 0     0 0 0  
64 Dollar General Pinconning 0 0     0 0 0  

 

A-1-12

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name TI/LC Escrow - LoC Counterparty Debt Service Escrow (Initial) ($) Debt Service Escrow (Monthly) ($) Debt Service Escrow - Cash or LoC Debt Service Escrow - LoC Counterparty Other Escrow I Reserve Description(15) Other Escrow I (Initial) ($)(6)(9)(15)
1 Innisfree Portfolio   0 0     Seasonality Reserve 0
1.01 Hilton Garden Inn Fort Walton Beach              
1.02 Holiday Inn Fort Walton Beach              
2 Bristow Center   0 0       0
3 Residence Inn Denver City Center   0 0     PIP Reserve 1,825,000
4 Shops at Trace Fork   0 0       0
5 575 Maryville   0 0     Cushman Rollover Reserve ($1,560,919.23); Eastman Rollover Reserve ($150,000.00); Cushman Gap Rent Reserve ($344,312.00) 2,055,231
6 Grapevine Station   0 0       0
7 Nostrand Avenue Shopping Center   0 0     Tenant Repair Reserve 12,800
8 Roseville Shopping Center   0 0     W Salon TI/LC Reserve ($972,929); Bloom Hearing Aid TI/LC Reserve ($45,936); Seven Salon TI/LC Reserve ($7,742) 1,026,607
9 Northchase Office Portfolio   0 0     Gap Rent Reserve 66,819
9.01 Northchase              
9.02 Crestwood              
9.03 Mansell              
10 Catania Pasadena   0 0       0
11 Merge Office   0 0     Rent Concession Reserve 585,794
12 DoubleTree Leominster   0 0       0
13 Dominion Tower   0 0     Outstanding Landlord Obligations (Upfront Rollover Reserve ($3,165,469.22); Rent Abatement Reserve ($623,214)) 3,788,683
14 Tristone Flowtech USA   63,741 0 Cash   CM Avoidance Funds 0
15 StaxUp Self Storage - San Ysidro   0 0       0
16 The Edge Apartments   0 0       0
17 Radisson Yuma   0 0     Seasonality Reserve 89,121
18 Proguard Self Storage - Braeswood   0 0       0
19 Florissant Marketplace Morgan Stanley Bank, N.A. 0 0     TI/LC - Pet Supplies Plus 450,000
20 9th Street Marketplace   0 0       0
21 Westport US Storage NY & CA   0 0       0
21.01 US Storage - Hawthorne, NY              
21.02 US Storage - Harbor City, CA              
22 601 Hudson Street   0 0       0
23 Custer Park   0 0     Ziti’s - Free Rent 14,625
24 One River Place   0 0     Tenant Obligation Reserve 1,572,730
25 1302-1316 Montana Avenue   0 0       0
26 AAA Storage   0 0       0
27 La Puente Yard   0 0     Environmental Insurance Deductible Reserve 25,000
28 Rockaway Commons   0 0     Contractor Reserve 220,000
29 Staybridge Suites - Oconomowoc   0 0     PIP Reserve 1,066,750
30 Holland Art Van   0 0       0
31 Country Inn & Suites - Orlando   0 0     PIP Reserve 1,163,861
32 Woodmen Corporate Center   0 0       0
33 Westpointe Retail Center   0 0       0
34 Homewood Suites Laredo   0 0     PIP Reserve 2,015,059
35 OKC MHP Portfolio   0 0       0
35.01 El Reno MHP              
35.02 Sunnylane MHP              
35.03 Skyview MHP              
36 Heatherstone Apartments   0 0       0
37 Jewel-Osco Elgin   0 0     Roof Repair Fund 211,406
38 19501 South Santa Fe Avenue   0 0       0
39 Stoneridge III   0 0     Outstanding TI/LC Reserve 148,251
40 East North Self Storage   0 0       0
41 Central Park Apartments   49,293 0 Cash     0
42 Hampton Inn Brevard   0 0     PIP Reserve 778,482
43 Too Much Self Storage   0 0       0
44 Shadow Glen Apartments   0 0       0
45 599 Johnson Ave   0 0       0
46 659 Broadway   0 0       0
47 100 Gardner Park   0 0       0
48 St. Lucie MHC   0 0     Relocation Reserve 18,000
49 Carrington Ridge Phase II   0 0       0
50 Tolip Apartments   0 0       0
51 Howard Park Plaza- CA   0 0     Roof Reserve 295,638
52 Holiday Park MHC   0 0     Home Purchase Reserve 100,000
53 Coach Post MHC   0 0       0
54 Telegraph Budget Storage   0 0       0
55 Spencer Mini Storage   0 0       0
56 Colony MHC   0 0     POH Rehabilitation Reserve 200,000
57 GA MHC Portfolio   0 0       0
57.01 Deer Run II MHC              
57.02 EagleTrace/Shade Tree Village              
58 16755 Baseline   0 0     Specified Tenant Reserve 0
59 Starbucks - North Cicero   0 0     Tenant Work Order Reserve Fund 625
60 2218 Old Middlefield Way   0 0       0
61 Ridgewood MHC   0 0       0
62 Archwood Apartments   0 0       0
63 Dollar General New Hampton   0 0       0
64 Dollar General Pinconning   0 0       0

 

A-1-13

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Other Escrow I (Monthly) ($) Other Escrow I Cap ($) Other Escrow I Escrow - Cash or LoC Other  Escrow I - LoC Counterparty Other Escrow II Reserve Description
1 Innisfree Portfolio Among both properties, on monthly payment dates from May to August, borrower will deposit an aggregate of $1,121,917 (represents the sum of the four months of deposits) and then will disburse an aggregate of $1,121,917 in the months from November through February to cover any shortfalls. Amounts are subject to change and adjusted on an annual basis based on lender discretion 0 Cash   Ground Rent Reserve; PIP Reserve
1.01 Hilton Garden Inn Fort Walton Beach          
1.02 Holiday Inn Fort Walton Beach          
2 Bristow Center 0 0      
3 Residence Inn Denver City Center Springing 0 Cash    
4 Shops at Trace Fork 0 0      
5 575 Maryville 0 0 Cash   Common Charges Reserve
6 Grapevine Station 0 0      
7 Nostrand Avenue Shopping Center 0 0 Cash   Outstanding TI Reserve ($83,165); Free Rent Reserve ($149,208)
8 Roseville Shopping Center 0 0 Cash   W Salon Free Rent Reserve
9 Northchase Office Portfolio 0 0 Cash    
9.01 Northchase          
9.02 Crestwood          
9.03 Mansell          
10 Catania Pasadena 0 0      
11 Merge Office 0 0 Cash   Existing TILC Reserve
12 DoubleTree Leominster 0 0      
13 Dominion Tower 0 0 Cash    
14 Tristone Flowtech USA Springing 0      
15 StaxUp Self Storage - San Ysidro 0 0      
16 The Edge Apartments 0 0      
17 Radisson Yuma On monthly payment dates from January to April borrower will deposit an aggregate of $133,681 (represents the sum of the four months of deposits) and then will disburse an aggregate of $133,681 in the months from June through September to cover any shortfalls. Amounts are subject to change and adjusted on an annual basis based on lender discretion 0 Cash   PIP Reserve
18 Proguard Self Storage - Braeswood 0 0      
19 Florissant Marketplace 0 0 Cash   Free Rent Reserve
20 9th Street Marketplace 0 0      
21 Westport US Storage NY & CA 0 0      
21.01 US Storage - Hawthorne, NY          
21.02 US Storage - Harbor City, CA          
22 601 Hudson Street 0 0      
23 Custer Park 0 0 Cash    
24 One River Place 0 0 Cash    
25 1302-1316 Montana Avenue 0 0      
26 AAA Storage 0 0      
27 La Puente Yard 0 0 Cash    
28 Rockaway Commons 0 0 Cash    
29 Staybridge Suites - Oconomowoc 0 0 Cash    
30 Holland Art Van 0 0      
31 Country Inn & Suites - Orlando 0 0 Cash   Seasonality Reserve
32 Woodmen Corporate Center 0 0      
33 Westpointe Retail Center 0 0      
34 Homewood Suites Laredo 0 0 Cash    
35 OKC MHP Portfolio 0 0      
35.01 El Reno MHP          
35.02 Sunnylane MHP          
35.03 Skyview MHP          
36 Heatherstone Apartments 0 0      
37 Jewel-Osco Elgin 0 0 Cash    
38 19501 South Santa Fe Avenue 0 0      
39 Stoneridge III 0 0 Cash   Free Rent Reserve
40 East North Self Storage 0 0      
41 Central Park Apartments 0 0      
42 Hampton Inn Brevard 0 0 Cash    
43 Too Much Self Storage 0 0      
44 Shadow Glen Apartments 0 0      
45 599 Johnson Ave 0 0      
46 659 Broadway 0 0      
47 100 Gardner Park 0 0      
48 St. Lucie MHC 0 0 Cash    
49 Carrington Ridge Phase II 0 0      
50 Tolip Apartments 0 0      
51 Howard Park Plaza- CA 0 0 Cash    
52 Holiday Park MHC 0 0 Cash    
53 Coach Post MHC 0 0      
54 Telegraph Budget Storage 0 0      
55 Spencer Mini Storage 0 0      
56 Colony MHC 0 0 Cash   Titling Reserve
57 GA MHC Portfolio 0 0      
57.01 Deer Run II MHC          
57.02 EagleTrace/Shade Tree Village          
58 16755 Baseline Springing 0      
59 Starbucks - North Cicero 0 0 Cash    
60 2218 Old Middlefield Way 0 0      
61 Ridgewood MHC 0 0      
62 Archwood Apartments 0 0      
63 Dollar General New Hampton 0 0      
64 Dollar General Pinconning 0 0      

 

A-1-14

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Other Escrow II (Initial) ($)(6)(9) Other Escrow II (Monthly) ($) Other Escrow II Cap ($) Other Escrow II Escrow - Cash or LoC
1 Innisfree Portfolio 0 On each monthly payment date the borrower will deposit the amount payable under the ground lease for the month immediately following the month in which such monthly payment date occurs. This amount is expected to be the greater of $25,000 per month for the portfolio or 3.25% of gross revenues for the applicable month. (minimum deposit is $300,000 each year under the ground lease and sublease, collectively) 0 Cash
1.01 Hilton Garden Inn Fort Walton Beach        
1.02 Holiday Inn Fort Walton Beach        
2 Bristow Center 0 0 0  
3 Residence Inn Denver City Center 0 0 0  
4 Shops at Trace Fork 0 0 0  
5 575 Maryville 45,730 3,518 0 Cash
6 Grapevine Station 0 0 0  
7 Nostrand Avenue Shopping Center 232,373 0 0 Cash
8 Roseville Shopping Center 93,913 0 0 Cash
9 Northchase Office Portfolio 0 0 0  
9.01 Northchase        
9.02 Crestwood        
9.03 Mansell        
10 Catania Pasadena 0 0 0  
11 Merge Office 1,147,015 0 0 Cash
12 DoubleTree Leominster 0 0 0  
13 Dominion Tower 0 0 0  
14 Tristone Flowtech USA 0 0 0  
15 StaxUp Self Storage - San Ysidro 0 0 0  
16 The Edge Apartments 0 0 0  
17 Radisson Yuma 50,000 0 0 Cash
18 Proguard Self Storage - Braeswood 0 0 0  
19 Florissant Marketplace 29,063 0 0 Cash
20 9th Street Marketplace 0 0 0  
21 Westport US Storage NY & CA 0 0 0  
21.01 US Storage - Hawthorne, NY        
21.02 US Storage - Harbor City, CA        
22 601 Hudson Street 0 0 0  
23 Custer Park 0 0 0  
24 One River Place 0 0 0  
25 1302-1316 Montana Avenue 0 0 0  
26 AAA Storage 0 0 0  
27 La Puente Yard 0 0 0  
28 Rockaway Commons 0 0 0  
29 Staybridge Suites - Oconomowoc 0 0 0  
30 Holland Art Van 0 0 0  
31 Country Inn & Suites - Orlando 145,000 0 0 Cash
32 Woodmen Corporate Center 0 0 0  
33 Westpointe Retail Center 0 0 0  
34 Homewood Suites Laredo 0 0 0  
35 OKC MHP Portfolio 0 0 0  
35.01 El Reno MHP        
35.02 Sunnylane MHP        
35.03 Skyview MHP        
36 Heatherstone Apartments 0 0 0  
37 Jewel-Osco Elgin 0 0 0  
38 19501 South Santa Fe Avenue 0 0 0  
39 Stoneridge III 40,178 0 0 Cash
40 East North Self Storage 0 0 0  
41 Central Park Apartments 0 0 0  
42 Hampton Inn Brevard 0 0 0  
43 Too Much Self Storage 0 0 0  
44 Shadow Glen Apartments 0 0 0  
45 599 Johnson Ave 0 0 0  
46 659 Broadway 0 0 0  
47 100 Gardner Park 0 0 0  
48 St. Lucie MHC 0 0 0  
49 Carrington Ridge Phase II 0 0 0  
50 Tolip Apartments 0 0 0  
51 Howard Park Plaza- CA 0 0 0  
52 Holiday Park MHC 0 0 0  
53 Coach Post MHC 0 0 0  
54 Telegraph Budget Storage 0 0 0  
55 Spencer Mini Storage 0 0 0  
56 Colony MHC 7,429 0 0 Cash
57 GA MHC Portfolio 0 0 0  
57.01 Deer Run II MHC        
57.02 EagleTrace/Shade Tree Village        
58 16755 Baseline 0 0 0  
59 Starbucks - North Cicero 0 0 0  
60 2218 Old Middlefield Way 0 0 0  
61 Ridgewood MHC 0 0 0  
62 Archwood Apartments 0 0 0  
63 Dollar General New Hampton 0 0 0  
64 Dollar General Pinconning 0 0 0  

 

A-1-15

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Other  Escrow II - LoC Counterparty Holdback(4)(16) Ownership Interest Ground Lease Initial Expiration Date(17) Annual Ground Rent Payment(17) Annual Ground Rent Increases Lockbox Whole Loan Cut-off Date Balance ($)
1 Innisfree Portfolio     Leasehold 10/30/2062 Greater of a) $300,000 or b) 3.25% (percentage rent) of hotel gross revenues. None Hard/Springing Cash Management  
1.01 Hilton Garden Inn Fort Walton Beach     Leasehold 10/30/2062 Greater of a) $150,000 or b) 3.25% (percentage rent) of hotel gross revenues. None    
1.02 Holiday Inn Fort Walton Beach     Leasehold 10/30/2062 Greater of a) $150,000 or b) 3.25% (percentage rent) of hotel gross revenues. None    
2 Bristow Center   1,750,000 Fee       Hard/Upfront Cash Management  
3 Residence Inn Denver City Center     Fee       Springing  
4 Shops at Trace Fork     Fee       Springing  
5 575 Maryville     Fee       Hard/Springing Cash Management  
6 Grapevine Station     Fee       Soft/Springing Cash Management  
7 Nostrand Avenue Shopping Center     Fee       Hard/Springing Cash Management  
8 Roseville Shopping Center     Fee       Springing  
9 Northchase Office Portfolio     Fee       Springing  
9.01 Northchase     Fee          
9.02 Crestwood     Fee          
9.03 Mansell     Fee          
10 Catania Pasadena     Fee       Springing  
11 Merge Office     Fee       Hard/Upfront Cash Management  
12 DoubleTree Leominster     Fee       Springing  
13 Dominion Tower     Fee       Hard/Springing Cash Management  
14 Tristone Flowtech USA     Fee       Hard/Springing Cash Management  
15 StaxUp Self Storage - San Ysidro     Fee       Springing  
16 The Edge Apartments     Fee       Springing  
17 Radisson Yuma     Fee       Hard/Springing Cash Management  
18 Proguard Self Storage - Braeswood     Fee       Springing  
19 Florissant Marketplace     Fee       Springing  
20 9th Street Marketplace     Fee       Springing  
21 Westport US Storage NY & CA     Fee       Springing  
21.01 US Storage - Hawthorne, NY     Fee          
21.02 US Storage - Harbor City, CA     Fee          
22 601 Hudson Street     Fee       Springing  
23 Custer Park     Fee       Springing  
24 One River Place     Fee       Hard/Springing Cash Management  
25 1302-1316 Montana Avenue     Fee       Springing  
26 AAA Storage     Fee       Springing  
27 La Puente Yard     Fee       Hard/Springing Cash Management  
28 Rockaway Commons     Fee       Springing  
29 Staybridge Suites - Oconomowoc     Fee       Springing  
30 Holland Art Van     Fee       Hard/Springing Cash Management  
31 Country Inn & Suites - Orlando     Fee       Hard/Springing Cash Management  
32 Woodmen Corporate Center     Fee       Springing  
33 Westpointe Retail Center     Fee       Springing  
34 Homewood Suites Laredo     Fee       Hard/Springing Cash Management  
35 OKC MHP Portfolio     Fee       Springing  
35.01 El Reno MHP     Fee          
35.02 Sunnylane MHP     Fee          
35.03 Skyview MHP     Fee          
36 Heatherstone Apartments     Fee       Springing  
37 Jewel-Osco Elgin     Fee       Springing  
38 19501 South Santa Fe Avenue     Fee       Springing  
39 Stoneridge III     Fee       Springing  
40 East North Self Storage     Fee       Springing  
41 Central Park Apartments     Fee       Springing  
42 Hampton Inn Brevard     Fee       Springing  
43 Too Much Self Storage     Fee       None  
44 Shadow Glen Apartments     Fee       Springing  
45 599 Johnson Ave     Fee       Hard/Springing Cash Management  
46 659 Broadway     Leasehold 3/30/2059 $771 5% escalation every 5 years Springing  
47 100 Gardner Park     Fee       Soft/Springing Cash Management  
48 St. Lucie MHC     Fee       Springing  
49 Carrington Ridge Phase II     Fee       Springing  
50 Tolip Apartments     Fee       Springing  
51 Howard Park Plaza- CA     Fee       Springing  
52 Holiday Park MHC     Fee       Springing  
53 Coach Post MHC     Fee       Springing  
54 Telegraph Budget Storage     Fee       None  
55 Spencer Mini Storage     Fee       Springing  
56 Colony MHC     Fee       Springing  
57 GA MHC Portfolio     Fee       Springing  
57.01 Deer Run II MHC     Fee          
57.02 EagleTrace/Shade Tree Village     Fee          
58 16755 Baseline     Fee       None  
59 Starbucks - North Cicero     Fee       Hard/Upfront Cash Management  
60 2218 Old Middlefield Way     Fee       Springing  
61 Ridgewood MHC     Fee       Springing  
62 Archwood Apartments     Fee       Springing  
63 Dollar General New Hampton     Fee       Hard/Upfront Cash Management  
64 Dollar General Pinconning     Fee       Hard/Upfront Cash Management  

 

A-1-16

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Whole Loan Debt Service ($) Subordinate Secured Debt Original Balance ($) Subordinate Secured Debt Cut-off Date Balance ($) Whole Loan U/W NOI DSCR (x) Whole Loan U/W NCF DSCR (x) Whole Loan Cut-off Date LTV Ratio Whole Loan Cut-off Date U/W NOI Debt Yield Whole Loan Cut-off Date U/W NCF Debt Yield Mezzanine Debt Cut-off Date Balance($)
1 Innisfree Portfolio                  
1.01 Hilton Garden Inn Fort Walton Beach                  
1.02 Holiday Inn Fort Walton Beach                  
2 Bristow Center                  
3 Residence Inn Denver City Center                  
4 Shops at Trace Fork                  
5 575 Maryville                  
6 Grapevine Station                  
7 Nostrand Avenue Shopping Center                  
8 Roseville Shopping Center                  
9 Northchase Office Portfolio                  
9.01 Northchase                  
9.02 Crestwood                  
9.03 Mansell                  
10 Catania Pasadena                  
11 Merge Office                  
12 DoubleTree Leominster                  
13 Dominion Tower                  
14 Tristone Flowtech USA                  
15 StaxUp Self Storage - San Ysidro                  
16 The Edge Apartments                  
17 Radisson Yuma                  
18 Proguard Self Storage - Braeswood                  
19 Florissant Marketplace                  
20 9th Street Marketplace                  
21 Westport US Storage NY & CA                  
21.01 US Storage - Hawthorne, NY                  
21.02 US Storage - Harbor City, CA                  
22 601 Hudson Street                  
23 Custer Park                  
24 One River Place                  
25 1302-1316 Montana Avenue                  
26 AAA Storage                  
27 La Puente Yard                  
28 Rockaway Commons                  
29 Staybridge Suites - Oconomowoc                  
30 Holland Art Van                  
31 Country Inn & Suites - Orlando                  
32 Woodmen Corporate Center                  
33 Westpointe Retail Center                  
34 Homewood Suites Laredo                  
35 OKC MHP Portfolio                  
35.01 El Reno MHP                  
35.02 Sunnylane MHP                  
35.03 Skyview MHP                  
36 Heatherstone Apartments                  
37 Jewel-Osco Elgin                  
38 19501 South Santa Fe Avenue                  
39 Stoneridge III                  
40 East North Self Storage                  
41 Central Park Apartments                  
42 Hampton Inn Brevard                  
43 Too Much Self Storage                  
44 Shadow Glen Apartments                  
45 599 Johnson Ave                  
46 659 Broadway                  
47 100 Gardner Park                  
48 St. Lucie MHC                  
49 Carrington Ridge Phase II                  
50 Tolip Apartments                  
51 Howard Park Plaza- CA                  
52 Holiday Park MHC                  
53 Coach Post MHC                  
54 Telegraph Budget Storage                  
55 Spencer Mini Storage                  
56 Colony MHC                  
57 GA MHC Portfolio                  
57.01 Deer Run II MHC                  
57.02 EagleTrace/Shade Tree Village                  
58 16755 Baseline                  
59 Starbucks - North Cicero                  
60 2218 Old Middlefield Way                  
61 Ridgewood MHC                  
62 Archwood Apartments                  
63 Dollar General New Hampton                  
64 Dollar General Pinconning                  

 

A-1-17

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

Mortgage Loan Number Property Name Sponsor(14) Affiliated Sponsors Mortgage Loan Number
1 Innisfree Portfolio Julian MacQueen   1
1.01 Hilton Garden Inn Fort Walton Beach     1.01
1.02 Holiday Inn Fort Walton Beach     1.02
2 Bristow Center Gary D. Rappaport   2
3 Residence Inn Denver City Center Noble Hospitality Fund IV - Income, L.P.   3
4 Shops at Trace Fork E. Stanley Kroenke   4
5 575 Maryville Pembroke IV LLC; Ten Capital Management   5
6 Grapevine Station Myron a/k/a Michael Blackman; Michel D. Hibbert   6
7 Nostrand Avenue Shopping Center Ashkenazy Acquisition Corporation; Ben Ashkenazy   7
8 Roseville Shopping Center Trevor Smith; Joshua Volen   8
9 Northchase Office Portfolio Rose Jarboe   9
9.01 Northchase     9.01
9.02 Crestwood     9.02
9.03 Mansell     9.03
10 Catania Pasadena SKR Holdings, LLC (f/k/a CIM Group (CA), LLC)   10
11 Merge Office Zaya S. Younan   11
12 DoubleTree Leominster Fatema Shikary; James Gerish; Kris Gerish   12
13 Dominion Tower Isaac Hertz; William Zev Hertz; Sarah Hertz Gordon   13
14 Tristone Flowtech USA David Mileski; Mileski Living Trust   14
15 StaxUp Self Storage - San Ysidro Randall U. Strauss   15
16 The Edge Apartments Ira Mondry; Robert M. Stone   16
17 Radisson Yuma Stephen Cavadias; Jerry Philipps; The Cavadias Family 2003 Trust   17
18 Proguard Self Storage - Braeswood Sam Amber; Samber, Ltd.   18
19 Florissant Marketplace Michael J. Polimeni   19
20 9th Street Marketplace Peter W. Doerken   20
21 Westport US Storage NY & CA Westport Properties, Inc.   21
21.01 US Storage - Hawthorne, NY     21.01
21.02 US Storage - Harbor City, CA     21.02
22 601 Hudson Street Abraham Sanieoff   22
23 Custer Park William A. Morris   23
24 One River Place Brock J. Vinton   24
25 1302-1316 Montana Avenue J. Allen Radford   25
26 AAA Storage Richard Bray; Thomas H. Arnold; Amanda H. McLean   26
27 La Puente Yard Guy Christensen   27
28 Rockaway Commons Anthony Mehran   28
29 Staybridge Suites - Oconomowoc Narendrakumar M. Patel; Mahendra R. Patel   29
30 Holland Art Van Harold Etkin; Johanne Etkin Finley   30
31 Country Inn & Suites - Orlando Garry R. Hesselbacher; Chetan Patel   31
32 Woodmen Corporate Center Miles Jeffrey Qvale; Miles Jeffrey Qvale and Kimberly Boyd Qvale Revocable Trust   32
33 Westpointe Retail Center Darren B. Casey   33
34 Homewood Suites Laredo Sanjeev K. Amin; Rupesh Amin   34
35 OKC MHP Portfolio Mendocino Real Estate Holdings LLC   35
35.01 El Reno MHP     35.01
35.02 Sunnylane MHP     35.02
35.03 Skyview MHP     35.03
36 Heatherstone Apartments Brent Doeksen; Curtis Rice   36
37 Jewel-Osco Elgin Younok Ahn; James Ahn   37
38 19501 South Santa Fe Avenue John A. Zar, Jr.   38
39 Stoneridge III David Kornbluth; Sherman Capital LLC; Cristal Family LLC; Fortbridge Realty LLC; Mark J. Goodman; Mark Siegel; Kenneth Marblestone and KB Lecap, Ltd.   39
40 East North Self Storage Robert Moser   40
41 Central Park Apartments John Beale   41
42 Hampton Inn Brevard Layton R. Parker; Khadijah S. Gillani   42
43 Too Much Self Storage Jacob Ramage   43
44 Shadow Glen Apartments Randall P. Thomas   44
45 599 Johnson Ave Andrew Epstein; Jon KillKelley; Dawson Stellberger   45
46 659 Broadway Jacob Klein   46
47 100 Gardner Park Sandberg Family, LLC   47
48 St. Lucie MHC Teresa I. Schenk   48
49 Carrington Ridge Phase II David M. Conwill; Steven B. Kimmelman; Leslie Leohr   49
50 Tolip Apartments Jonathan D. Schechter; John J. Edwards   50
51 Howard Park Plaza- CA Ronald Gonzales; Mirna Gonzales   51
52 Holiday Park MHC George C. Whaling   52
53 Coach Post MHC Andrew Cramer   53
54 Telegraph Budget Storage Sidney I. Moss; Sidney I. Moss Trust   54
55 Spencer Mini Storage Telos Capital, LLC; David Fisher; Joshua Ungerecht; Warren Thomas   55
56 Colony MHC Alexander Simon Rindner; Robert Moritz Blum   56
57 GA MHC Portfolio Dan Reed Davis   57
57.01 Deer Run II MHC     57.01
57.02 EagleTrace/Shade Tree Village     57.02
58 16755 Baseline The Feitelberg Family Trust dated 8/6/2009; Peter H. Feitelberg; Margaret C. Feitelberg   58
59 Starbucks - North Cicero Deanna Colletti; Paolo Colletti   59
60 2218 Old Middlefield Way Russell M. Sheppel   60
61 Ridgewood MHC John Wesley McAdams II   61
62 Archwood Apartments Seth Keegan McNamara; Carrie Elizabeth Bone; The McNamara/Bone Family Trust   62
63 Dollar General New Hampton Ladder Capital CRE Equity LLC Y - Group 1 63
64 Dollar General Pinconning Ladder Capital CRE Equity LLC Y - Group 1 64

 

A-1-18

 

 

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, “LCF” denotes Ladder Capital Finance LLC, “RMF” denotes Rialto Mortgage Finance, LLC, “Barclays” denotes Barclays Capital Real Estate Inc. and “CIIICM” denotes C-III Commercial Mortgage LLC.

 

(2)For mortgage loan #2 (Bristow Center), the Number of Units includes 78,796 square feet (including the largest and third largest tenants), representing 49.8% of net rentable square feet, lease the collateral pad site and the improvements built on the pad site are owned by the tenant.

 

For mortgage loan #23 (Custer Park), the Number of Units includes 86,943 square feet of retail space and 28,988 square feet of office space.

 

For mortgage loan #25 (1302-1316 Montana Avenue), the Number of Units includes 7,490 square feet of retail space, 5,333 square feet of office space, and 3,083 square feet of storage space.

 

For mortgage loan #26 (AAA Storage), the Number of Units and Occupancy Rate include three mortgaged properties (175,998 square feet, 87,233 square feet, and 72,560 square feet) located in Enterprise, Alabama, which are owned and operated as a single asset by the borrower. The loan documents do not permit partial release.

 

For mortgage loan #35 (OKC MHP Portfolio), the Number of Units includes 278 mobile home sites and 78 RV sites. The Occupancy Rate reflects the occupancy of the mobile homes and RV sites. Underwritten RV Income is 20.8% of total underwritten revenue.

 

For mortgage loan #45 (599 Johnson Ave), the Number of Units includes 23,414 square feet of retail space and 4,000 square feet of office. The Number of Units also includes 7,200 square feet of roof space split between the two largest tenants.

 

For mortgage loan #47 (100 Gardner Park), the Number of Units includes 105,120 square feet of industrial space and 24,471 square feet of office space.

 

For mortgage loan #53 (Coach Post MHC), the Number of Units includes 41 mobile home sites, 33 RV sites and one single family residence. The Occupancy Rate reflects the occupancy of the mobile homes, RV sites and single family residence. Underwritten RV income is 27.6% of total underwritten revenue.

 

(3)For mortgage loan #13 (Dominion Tower), the mortgage loan represents Note A-3-A of three pari passu promissory notes which have a combined Cut-off Date Balance of $61,350,000. Note A-1 and Note A-2-A are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Note A-1, Note A-2-A, and Note A-3-A in the aggregate (the “Dominion Tower Whole Loan”). Note A-3-A represents a non-controlling interest in the Dominion Tower Whole Loan.

 

For mortgage loan #24 (One River Place), the mortgage loan represents Note A-2, one of two pari passu notes, which have a combined Cut-off Date Balance of $25,000,000. Controlling Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “One River Place Whole Loan”). Note A-2 represents a non-controlling interest in the One River Place Whole Loan.

 

(4)For mortgage loan #2 (Bristow Center), all LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures are calculated assuming the full loan amount of $53,000,000. The Holdback has been disbursed in full.

 

(5)For mortgage loan #10 (Catania Pasadena), for the Grace Period Default (days), borrower is allowed to pay up to five days after the date any monthly debt service or reserve account payment is due (excluding amounts due on the Maturity Date, as discussed in the loan agreement) provided that the grace period is used no more than twice in any twelve-month period.

 

A-1-19

 

 

(6)For mortgage loan #3 (Residence Inn Denver City Center), the Appraised Value assumes the property improvement plan (“PIP”) is completed at the mortgaged property as of November 2019. All outstanding PIP costs were reserved for at closing. The appraised value assuming the PIP has not been completed is $76,500,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $76,500,000 appraised value is 62.1%.

 

For mortgage loan #11 (Merge Office), the Appraised Value assumes all executed leases have commenced, tenants are paying full unabated rent and the mortgaged property’s occupancy has been stabilized as of May 2019. All outstanding tenant improvements, leasing commissions and free rent was reserved for at closing. The appraised value assuming all leases have not commenced and occupancy is not stabilized is $26,700,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $26,700,000 appraised value are 66.0% and 54.3%, respectively.

 

For mortgage loan #12 (DoubleTree Leominster), the Appraised Value assumes the mortgaged property stabilizes as of November 2019. The appraised value assuming the mortgaged property is not stabilized is $24,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $24,000,000 appraised value are 66.4% and 55.3%, respectively.

 

For mortgage loan #29 (Staybridge Suites - Oconomowoc), the Appraised Value reflects an appraisal on an “as-is (PIP Extraordinary)” basis, subject to the extraordinary assumption that the reserve for the capital expenditures has been fully escrowed and will be available to fund the property improvement plan (“PIP”). At origination, the lender escrowed $1,066,750, which is the estimated cost of the PIP. The appraised value without the extraordinary assumption is $13,100,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on an appraised value of $13,100,000 are 75.4% and 58.2%, respectively. The potential new sponsor anticipates completing the PIP within the first 18 months of the loan term as mandated by the loan documents.

 

For mortgage loan #31 (Country Inn & Suites - Orlando), the Appraised Value represents the “when complete” value provided by the appraiser as of December 1, 2019 which assumes that the property improvement plan will be completed in a competent and timely manner. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “as-is” appraised value of $13,000,000 as of November 7, 2018, which assumes the mandated property improvement plan work is not completed, is 73.0% and 61.8%, respectively.

 

For mortgage loan #33 (Westpointe Retail Center), the Appraised Value assumes the mortgaged property’s occupancy stabilizes as of December 2019. The appraised value assuming the mortgaged property is not at stabilized occupancy is $11,500,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $11,500,000 appraised value are 73.7% and 61.5%, respectively.

 

For mortgage loan #34 (Homewood Suites Laredo), the Appraised Value represents the value assuming the property improvement plan, which is expected to be completed by January 2020, has been completed. A $2,015,059 reserve was collected at origination reflecting the remaining unfunded portion of the property improvement plan. The as-is appraised value is $10,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the as-is appraised value are 84.0% and 64.8%, respectively.

 

(7)For mortgage loan #1 (Innisfree Portfolio), historical operating statements for periods prior to 2017 are not available with respect to the entire portfolio because the Hilton Garden Inn Fort Walton Beach property was built and began operations in May 2017. The increase in total revenue and NOI from 2017 to TTM 11/30/2018 can be attributed to the 2017 total revenue and 2017 NOI only including income from the Hilton Garden Inn Fort Walton Beach property for the portion of 2017 since it began operations.

 

For mortgage loan #12 (DoubleTree Leominster), U/W Revenues includes 27.9% of food and beverage income.

 

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(8)For mortgage loan #48 (St. Lucie MHC), the mortgaged property was damaged in 2017 during Hurricane Irma, destroying ten of the oldest homes at the mortgaged property, all of which were privately owned. Additional homes at the mortgaged property suffered from the hurricane damage in the following month and needed to be removed. The occupancy at the mortgaged property prior to the hurricane damage was between approximately 91% and 96% from 2014 to 2017, and the actual current occupancy is approximately 83.4%. The lender underwrote the rental income based on the current in-place rent roll provided by the borrower. As a result of the decrease in occupancy, the underwritten net operating income is approximately $48,298 lower than the net operating income reported by the borrower in 2017. The related borrower has begun to bring in new homes to replace these damaged units and will finance the new homes through a sponsor affiliate.

 

(9)In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises that were included in the underwriting.

 

For mortgage loan #2 (Bristow Center), the third largest tenant (11,500 square feet), representing 7.3% of net rentable square feet, is in occupancy but is not open for business. See “Litigation and Other Considerations” in the Preliminary Prospectus for additional details.

 

For mortgage loan #5 (575 Maryville), the largest tenant, (137,682 square feet), representing 54.3% of net rentable square feet, has a 21,605 square foot expansion space that it has leased but has not yet occupied. The Number of Units is inclusive of the expansion space. The rent commencement date for this space is scheduled for August 1, 2019. At loan closing, $344,312 was deposited into the gap rent reserve account, which is calculated from the loan closing date through the largest tenant’s first scheduled rent payment due.

 

For mortgage loan #7 (Nostrand Avenue Shopping Center), the third largest tenant (12,434 square feet), representing 15.4% of net rentable square feet, has a three-month free rent period starting July 1, 2019. At closing, $149,208 was deposited into a gap rent reserve account for the three months of free rent.

 

For mortgage loan #8 (Roseville Shopping Center), the second largest tenant (13,114 square feet), representing 13.5% of net rentable square feet, has taken possession of its space in January 2019 and is expected to commence paying rent in April 2019. At closing, the borrower deposited $93,913.16 into a W Salon free rent reserve.

 

For mortgage loan #11 (Merge Office), the largest tenant (33,566 square feet), representing 25.9% of net rentable square feet, has free rent on 17,559 square feet of its space from August through November 2019 and 5,366 square feet of its space from February through June 2019. The third largest tenant (11,600 square feet), representing 8.9% of net rentable square feet, has free rent from August through September 2019. All outstanding free rent has been reserved for at closing.

 

For mortgage loan #13 (Dominion Tower), the second largest tenant (39,081 square feet), representing 9.7% of net rentable square feet, has free rent through June 2019. $267,391 has been reserved with the lender in respect of free rent for this tenant.

 

For mortgage loan #25 (1302-1316 Montana Avenue), the largest tenant (5,333 square feet), representing 33.5% of the net rentable square feet, is not currently utilizing 2,309 square feet of their leased space. The tenant is deciding whether they want to move into the space or sublease it.

 

For mortgage loan #39 (Stoneridge III), the third largest tenant (4,636 square feet), representing 7.6% of the net rentable square feet, has a rent abatement through June 2019. $40,178 was held back in a Free Rent Reserve at closing.

 

(10)For mortgage loan #46 (659 Broadway), the property is subject to a master lease with 77 Bleecker Street Corp. that initially expires on March 30, 2059, with an automatic 24-year extension through March 30, 2083. The annual rent is currently $770.52 with 5% escalation every 5 years.

 

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(11)For mortgage loan #38 (19501 South Santa Fe Avenue), the sole tenant (71,250 square feet), representing 100% of net rentable square feet, subleases a portion of its space for an annual base rent of $90,000.

 

(12)The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable.

 

For mortgage loan #5 (575 Maryville), the largest tenant (137,682 square feet), representing 54.3% of net rentable square feet, is an affiliate of the property manager. The largest tenant has the option to terminate its lease if Cushman & Wakefield is not retained as the property manager within 90 days of receiving notice of the manager’s termination, provided that the tenant (or its affiliate) leases at least 90,000 square feet. The tenant’s lease shall end nine months from notice of their intent to terminate.

 

For mortgage loan #11 (Merge Office), the largest tenant (33,566 square feet), representing 25.9% of net rentable square feet, may terminate its lease at any time if substantially all of the stock or assets of the largest tenant are sold to a third party, upon providing six months’ written notice and payment of a termination fee equal to two months base rent and all unamortized tenant improvements and leasing commissions.

 

For mortgage loan #13 (Dominion Tower), the largest tenant (49,910 square feet), representing 12.4% of net rentable square feet, has an ongoing reduction option for 10,000 square feet, exercisable with 180 days prior notice and payment of a termination fee equal to 8% of the aggregate unamortized amount, as of the effective date of reduction, of all TI/LC owed by the landlord. The fourth largest tenant (24,813 square feet), representing 6.2% of net rentable square feet, has the option to terminate all of its relocation premises (20,860 square feet) with 9 months notice at any time after May 2021 and payment of a termination fee equal to the unamortized aggregate amount of their TI allowance.

 

For mortgage loan #19 (Florissant Marketplace), the third largest tenant (7,500 square feet), representing 5.1% of net rentable square feet, has the right to terminate its lease if the tenant does not meet gross sales of $2.0 million during the gross sales measuring period from January 31, 2023 to December 31, 2023 by providing 60 days’ prior written notice and paying the unamortized portion of tenant improvement allowance and brokerage commission payable by the borrower.

 

For mortgage loan #24 (One River Place), the largest tenant, (157,273 square feet), representing 100% of net rentable square feet, has a one-time option to terminate its lease effective as of June 30, 2030 after giving written notice no later than June 30, 2028.

 

For mortgage loan #28 (Rockaway Commons), the third largest tenant (14,820 square feet), representing 17.1% of net rentable square feet, has the option to terminate the lease starting on December 31, 2031 and every five years thereafter, upon 6 months’ prior written notice. The fifth largest tenant (4,200 square feet), representing 4.8% of net rentable square feet, has expressed its intent to terminate its lease in 2019.

 

For mortgage loan #32 (Woodmen Corporate Center), the second largest tenant (13,212 square feet), representing 12.3% of net rentable square feet, may terminate its lease as of November 2021 or 2022 upon providing 270 days’ written notice and payment of all unamortized tenant improvements and leasing commissions. The third largest tenant (9,510 square feet), representing 8.9% of net rentable square feet, may terminate its lease as of September 2020, upon providing 180 days’ written notice and payment of all unamortized tenant improvements, leasing commissions and rent abatements. The fourth largest tenant (7,889 square feet), representing 7.4% of net rentable square feet, may terminate its lease in June of every lease year, if its related contract with the State of Colorado is terminated, upon providing 180 days’ written notice and payment of a termination fee equal to all unamortized tenant improvements and leasing commissions plus six months of base rent.

 

For mortgage loan #47 (100 Gardner Park), the second largest tenant (35,120 square feet), representing 27.0% of net rentable square feet, has the option to terminate its lease beginning in June 2020 with 6 months’ notice and would lose its security deposit and be obligated to

 

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reimburse its build out costs. The third largest tenant (24,741 square feet), representing 19.1% of net rentable square feet, has the option to terminate its lease beginning in April 2025 with 6 months’ notice and payment of a termination fee of $199,440 (equivalent to eight months base rent at the then period).

 

(13)For mortgage loan #9 (Northchase Office Portfolio), the largest tenant at the Northchase Property (19,211 square feet), representing 7.5% of the portfolio net rentable square feet, has multiple expiration dates. The tenant has 16,053 square feet expiring July 31, 2020 and 3,158 square feet expiring December 31, 2022. The third largest tenant at the Crestwood Property (5,228 square feet), representing 2.0% of the portfolio net rentable square feet, has multiple expiration dates. The tenant has 4,788 square feet expiring on February 28, 2020 and 440 square feet that can expire on a month-to-month basis.

 

(14)For mortgage loan #28 (Rockaway Commons), the largest tenant (32,561 square feet), representing 37.6% of net rentable square feet, is an affiliate of the borrower sponsor.

 

(15)For mortgage loan #1 (Innisfree Portfolio), the borrower is required to deposit approximately $1,121,917 into a Seasonality Reserve according to a schedule across the months of May through August to fund the shortfall during the months of November through February. Amounts deposited from time to time may be increased on an annual basis by the lender in such amount the lender shall reasonably deem necessary. Additionally, the Monthly Replacement Reserve will be equal to 1/12th of 4.0% of the greater of (i) annual gross revenues calculated as of the end of the most recent calendar quarter and (ii) gross revenues projected in the most recent approved annual budget.

 

For mortgage loan #3 (Residence Inn Denver City Center), the Monthly Replacement Reserve will adjust to the greater of the existing Monthly Replacement Reserve and 1/12th of 4.0% of operating income from the prior fiscal year.

 

For mortgage loan #12 (DoubleTree Leominster), the Monthly Replacement Reserve will adjust to the greater of the existing Monthly Replacement Reserve and 1/12th of 4.0% of underwritten revenue from the prior fiscal year.

 

For mortgage loan #17 (Radisson Yuma), the borrower deposited $89,121 into a Seasonality Reserve at loan closing. The borrower is required to deposit approximately $133,681 according to a schedule across the months of January through April to fund the shortfall during the months of June through September. Amounts deposited from time to time may be increased on an annual basis by the lender in such amount the lender shall reasonably deem necessary. Additionally, the Monthly Replacement Reserve will be equal to 1/12th of 4.0% of the greater of (i) annual gross revenues calculated as of the end of the most recent calendar quarter and (ii) gross revenues projected in the most recent approved annual budget.

 

For mortgage loan #23 (Custer Park), commencing on the first payment date following the date on which the balance in the rollover account drops below $250,000, the borrower is required to deposit with the lender an amount equal to $7,245.69 to the rollover account, subject to a cap of $750,000.

 

For mortgage loan #29 (Staybridge Suites - Oconomowoc), the Monthly Replacement Reserve, to be adjusted each January, is equal to 1/12th of 2.0% for the first year of the loan term, 3.0% for the second year of the loan term and 4.0% every year of the loan term thereafter of the actual annual gross income from the prior year.

 

For mortgage loan #34 (Homewood Suites Laredo), the Monthly Replacement Reserve will be equal to (a) through February 6, 2021, 1/12th of 2.0% of the greater of (i) annual gross revenues calculated as of the end of the most recent calendar quarter and (ii) gross revenues projected in the most recent approved annual budget and (b) thereafter, 1/12th of 4.0% of the greater of (i) annual gross revenues calculated as of the end of the most recent calendar quarter and (ii) gross revenues projected in the most recent approved annual budget.

 

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(16)For mortgage loan #2 (Bristow Center), $250,000 of the Holdback released was used to fund the Initial TI/LC balance and Monthly TI/LC reserves are being collected subsequent to the Holdback release.

 

(17)For mortgage loan #1 (Innisfree Portfolio), the mortgaged properties are subject to a ground lease with the United States government through the Secretary of the Air Force, as the ground lessor, which ground lease has an expiration of October 6, 2062. The monthly rent due under the ground lease for each mortgaged property is the greater of (a) $12,500 per month (subject to future upward adjustment based on the Consumer Price Index for all urban consumers) and (b) 3.25% (percentage rent) of the related hotel’s gross revenues for the applicable calendar month. In 2016, a sublease was entered into for the Hilton Garden Inn Fort Walton Beach property between the two borrowing entities. The sublease expires in September 2062 and, solely with respect to the Hilton Garden Inn Fort Walton Beach property, has the same base rent as the ground lease.

 

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