Unassociated Document

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-193376-18

COMM 2015-CCRE23

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (File No. 333-193376) 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 Securities and Exchange Commission 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 Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing prospectus.cpdg@db.com. 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. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

This free writing prospectus does not contain all information that is required to be included in the prospectus and the prospectus supplement.

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Fitzgerald & Co., Jefferies LLC, CastleOak Securities, L.P. and Citigroup Global Markets Inc., or any other underwriter (the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the COMM 2015-CCRE23 Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

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 Underwriters or any of their respective affiliates makes 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.

This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of the 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) no representation being made 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.

COMM 2015-CCRE23

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

			% of		Mortgage		Cut-off		General	Detailed			Interest	Original	Remaining	Original	Remaining		First
			Initial Pool	# of	Loan	Original	Date	Maturity	Property	Property	Interest	Administrative	Accrual	Term to	Term to	Amortization	Amortization	Origination	Payment	Maturity
Property Flag	ID	Property Name	Balance	Properties	Seller(1)	Balance($)(2)(3)	Balance($)(2)(3)	or ARD Balance($)	Type(4)	Type	Rate(5)	Fee Rate(6)	Basis	Maturity or ARD	Maturity or ARD	Term	Term	Date	Date	or ARD Date(5)
Loan	1	9200 & 9220 Sunset (35)	8.8%	1	GACC / JLC	120,000,000	120,000,000	120,000,000	Office	CBD	3.9850%	0.0104%	Actual/360	117	116	0	0	03/20/2015	05/06/2015	01/06/2025
Loan	2	Courtyard by Marriott Portfolio (35)(36)	7.3%	65	GACC	100,000,000	100,000,000	100,000,000	Hospitality	Select Service	3.6900%	0.0104%	Actual/360	60	59	0	0	03/31/2015	05/06/2015	04/06/2020
Property	2.01	Courtyard Larkspur Landing Marin County	0.3%	1	GACC	4,208,955	4,208,955		Hospitality	Select Service
Property	2.02	Courtyard San Mateo Foster City	0.3%	1	GACC	4,208,955	4,208,955		Hospitality	Select Service
Property	2.03	Courtyard San Jose Cupertino	0.3%	1	GACC	3,626,866	3,626,866		Hospitality	Select Service
Property	2.04	Courtyard Boulder	0.3%	1	GACC	3,626,866	3,626,866		Hospitality	Select Service
Property	2.05	Courtyard Los Angeles Hacienda Heights	0.2%	1	GACC	2,761,194	2,761,194		Hospitality	Select Service
Property	2.06	Courtyard Seattle South Center	0.2%	1	GACC	2,682,090	2,682,090		Hospitality	Select Service
Property	2.07	Courtyard Rye	0.2%	1	GACC	2,532,836	2,532,836		Hospitality	Select Service
Property	2.08	Courtyard Nashville Airport	0.2%	1	GACC	2,388,060	2,388,060		Hospitality	Select Service
Property	2.09	Courtyard Los Angeles Torrance Palos Verdes	0.2%	1	GACC	2,134,328	2,134,328		Hospitality	Select Service
Property	2.10	Courtyard St. Louis Creve Coeur	0.1%	1	GACC	2,037,313	2,037,313		Hospitality	Select Service
Property	2.11	Courtyard Portland Beaverton	0.1%	1	GACC	2,037,313	2,037,313		Hospitality	Select Service
Property	2.12	Courtyard Palm Springs	0.1%	1	GACC	2,014,925	2,014,925		Hospitality	Select Service
Property	2.13	Courtyard Charlotte South Park	0.1%	1	GACC	1,970,149	1,970,149		Hospitality	Select Service
Property	2.14	Courtyard Norwalk	0.1%	1	GACC	1,865,672	1,865,672		Hospitality	Select Service
Property	2.15	Courtyard Detroit Metro Airport	0.1%	1	GACC	1,837,313	1,837,313		Hospitality	Select Service
Property	2.16	Courtyard Chicago Waukegan Gurnee	0.1%	1	GACC	1,791,045	1,791,045		Hospitality	Select Service
Property	2.17	Courtyard Atlanta Perimeter Center	0.1%	1	GACC	1,746,269	1,746,269		Hospitality	Select Service
Property	2.18	Courtyard Denver Tech Center	0.1%	1	GACC	1,738,806	1,738,806		Hospitality	Select Service
Property	2.19	Courtyard Ft. Lauderdale Plantation	0.1%	1	GACC	1,689,552	1,689,552		Hospitality	Select Service
Property	2.20	Courtyard Lincroft Red Bank	0.1%	1	GACC	1,689,552	1,689,552		Hospitality	Select Service
Property	2.21	Courtyard Chicago Highland Park	0.1%	1	GACC	1,638,806	1,638,806		Hospitality	Select Service
Property	2.22	Courtyard Charlottesville North	0.1%	1	GACC	1,638,806	1,638,806		Hospitality	Select Service
Property	2.23	Courtyard Raleigh Cary	0.1%	1	GACC	1,638,806	1,638,806		Hospitality	Select Service
Property	2.24	Courtyard Detroit Livonia	0.1%	1	GACC	1,611,940	1,611,940		Hospitality	Select Service
Property	2.25	Courtyard Birmingham Homewood	0.1%	1	GACC	1,589,552	1,589,552		Hospitality	Select Service
Property	2.26	Courtyard West Palm Beach	0.1%	1	GACC	1,589,552	1,589,552		Hospitality	Select Service
Property	2.27	Courtyard New Haven Wallingford	0.1%	1	GACC	1,540,299	1,540,299		Hospitality	Select Service
Property	2.28	Courtyard Dallas Plano Parkway	0.1%	1	GACC	1,491,045	1,491,045		Hospitality	Select Service
Property	2.29	Courtyard Chicago Oakbrook Terrace	0.1%	1	GACC	1,491,045	1,491,045		Hospitality	Select Service
Property	2.30	Courtyard Boston Andover	0.1%	1	GACC	1,491,045	1,491,045		Hospitality	Select Service
Property	2.31	Courtyard Kansas City Overland Park Metcalf	0.1%	1	GACC	1,491,045	1,491,045		Hospitality	Select Service
Property	2.32	Courtyard Minneapolis St Paul Airport	0.1%	1	GACC	1,491,045	1,491,045		Hospitality	Select Service
Property	2.33	Courtyard Bakersfield	0.1%	1	GACC	1,440,299	1,440,299		Hospitality	Select Service
Property	2.34	Courtyard Denver Stapleton	0.1%	1	GACC	1,440,299	1,440,299		Hospitality	Select Service
Property	2.35	Courtyard Rockford	0.1%	1	GACC	1,440,299	1,440,299		Hospitality	Select Service
Property	2.36	Courtyard Greenville Haywood Mall	0.1%	1	GACC	1,402,985	1,402,985		Hospitality	Select Service
Property	2.37	Courtyard St. Louis Westport Plaza	0.1%	1	GACC	1,391,045	1,391,045		Hospitality	Select Service
Property	2.38	Courtyard Chicago Lincolnshire	0.1%	1	GACC	1,391,045	1,391,045		Hospitality	Select Service
Property	2.39	Courtyard San Antonio Downtown Market Square	0.1%	1	GACC	1,391,045	1,391,045		Hospitality	Select Service
Property	2.40	Courtyard Indianapolis Castleton	0.1%	1	GACC	1,391,045	1,391,045		Hospitality	Select Service
Property	2.41	Courtyard Silver Spring North	0.1%	1	GACC	1,358,209	1,358,209		Hospitality	Select Service
Property	2.42	Courtyard Lexington North	0.1%	1	GACC	1,341,791	1,341,791		Hospitality	Select Service
Property	2.43	Courtyard Tampa Westshore	0.1%	1	GACC	1,291,045	1,291,045		Hospitality	Select Service
Property	2.44	Courtyard Chicago Deerfield	0.1%	1	GACC	1,241,791	1,241,791		Hospitality	Select Service
Property	2.45	Courtyard St. Petersburg Clearwater	0.1%	1	GACC	1,192,537	1,192,537		Hospitality	Select Service
Property	2.46	Courtyard Toledo Airport Holland	0.1%	1	GACC	1,192,537	1,192,537		Hospitality	Select Service
Property	2.47	Courtyard Phoenix Mesa	0.1%	1	GACC	1,092,537	1,092,537		Hospitality	Select Service
Property	2.48	Courtyard Atlanta Airport South	0.1%	1	GACC	1,092,537	1,092,537		Hospitality	Select Service
Property	2.49	Courtyard Memphis Airport	0.1%	1	GACC	1,092,537	1,092,537		Hospitality	Select Service
Property	2.50	Courtyard Oklahoma City Airport	0.1%	1	GACC	1,092,537	1,092,537		Hospitality	Select Service
Property	2.51	Courtyard Annapolis	0.1%	1	GACC	1,077,612	1,077,612		Hospitality	Select Service
Property	2.52	Courtyard Manassas	0.1%	1	GACC	1,017,910	1,017,910		Hospitality	Select Service
Property	2.53	Courtyard Little Rock	0.1%	1	GACC	974,627	974,627		Hospitality	Select Service
Property	2.54	Courtyard Ft. Myers	0.1%	1	GACC	847,761	847,761		Hospitality	Select Service
Property	2.55	Courtyard Atlanta Gwinnett Mall	0.1%	1	GACC	826,866	826,866		Hospitality	Select Service
Property	2.56	Courtyard Chicago Arlington Heights South	0.1%	1	GACC	795,522	795,522		Hospitality	Select Service
Property	2.57	Courtyard Dallas Richardson at Spring Valley	0.1%	1	GACC	795,522	795,522		Hospitality	Select Service
Property	2.58	Courtyard Huntsville	0.1%	1	GACC	767,164	767,164		Hospitality	Select Service
Property	2.59	Courtyard Birmingham Hoover	0.0%	1	GACC	667,164	667,164		Hospitality	Select Service
Property	2.60	Courtyard Phoenix North Metrocenter	0.0%	1	GACC	646,269	646,269		Hospitality	Select Service
Property	2.61	Courtyard Tucson Airport	0.0%	1	GACC	595,522	595,522		Hospitality	Select Service
Property	2.62	Courtyard Dayton South Mall	0.0%	1	GACC	420,896	420,896		Hospitality	Select Service
Property	2.63	Courtyard Philadelphia Devon	0.0%	1	GACC	0	0		Hospitality	Select Service
Property	2.64	Courtyard Fresno	0.0%	1	GACC	0	0		Hospitality	Select Service
Property	2.65	Courtyard Poughkeepsie	0.0%	1	GACC	0	0		Hospitality	Select Service
Loan	3	DFW / Raleigh Portfolio	7.0%	6	GACC	95,800,000	95,800,000	83,728,110	Multifamily	Garden	4.4300%	0.0104%	Actual/360	120	119	360	360	03/26/2015	05/06/2015	04/06/2025
Property	3.01	Sutter Creek Apartments	2.1%	1	GACC	28,125,000	28,125,000		Multifamily	Garden
Property	3.02	Copper Crossing Apartments	1.2%	1	GACC	16,550,000	16,550,000		Multifamily	Garden
Property	3.03	Estrada Oaks Apartments	1.1%	1	GACC	14,750,000	14,750,000		Multifamily	Garden
Property	3.04	The Trestles Apartments	1.0%	1	GACC	13,750,000	13,750,000		Multifamily	Garden
Property	3.05	Remington Place Apartments	0.8%	1	GACC	11,475,000	11,475,000		Multifamily	Garden
Property	3.06	The Timbers Apartments	0.8%	1	GACC	11,150,000	11,150,000		Multifamily	Garden
Loan	4	3 Columbus Circle (35)	6.6%	1	GACC	90,000,000	90,000,000	90,000,000	Office	CBD	3.6100%	0.0104%	Actual/360	120	118	0	0	03/06/2015	04/06/2015	03/06/2025
Loan	5	Maui Coast Hotel	4.1%	1	GACC / JLC	56,320,000	56,320,000	56,320,000	Hospitality	Full Service	3.9300%	0.0104%	Actual/360	120	119	0	0	03/31/2015	05/06/2015	04/06/2025
Loan	6	Sherman Plaza	3.6%	1	CCRE	48,700,000	48,700,000	42,458,593	Office	Suburban	4.3250%	0.0304%	Actual/360	120	119	360	360	03/19/2015	05/06/2015	04/06/2025
Loan	7	Hacienda Club	2.9%	1	JLC	40,000,000	39,916,155	33,293,536	Multifamily	Garden	5.3750%	0.0479%	Actual/360	132	118	360	358	02/28/2014	04/06/2014	03/06/2025
Loan	8	DoubleTree San Diego (37)	2.7%	1	LCF	36,700,000	36,653,165	29,851,285	Hospitality	Full Service	4.6723%	0.0104%	Actual/360	120	119	360	359	03/27/2015	05/06/2015	04/06/2025
Loan	9	Lake Arrowhead Village	2.4%	1	CCRE	33,000,000	32,924,353	27,093,680	Retail	Anchored	4.9500%	0.0304%	Actual/360	120	118	360	358	03/05/2015	04/06/2015	03/06/2025
Loan	10	100 Middle Street	2.3%	1	CCRE	31,000,000	31,000,000	26,376,762	Office	CBD	4.2690%	0.0304%	Actual/360	120	119	300	300	03/19/2015	05/06/2015	04/06/2025
Loan	11	Luxe Villas	2.1%	1	CCRE	29,250,000	29,250,000	29,250,000	Multifamily	Mid-Rise	4.6605%	0.0379%	Actual/360	120	120	0	0	04/24/2015	06/06/2015	05/06/2025
Loan	12	SROA Portfolio	1.9%	23	GACC	26,250,000	26,250,000	22,828,858	Self Storage	Self Storage	4.2200%	0.0104%	Actual/360	120	119	360	360	03/17/2015	05/06/2015	04/06/2025
Property	12.01	SROA - London	0.2%	1	GACC	2,740,000	2,740,000		Self Storage	Self Storage
Property	12.02	SROA - Danville & Danville Outdoor	0.2%	1	GACC	2,687,000	2,687,000		Self Storage	Self Storage
Property	12.03	SROA - Ashland	0.2%	1	GACC	2,298,000	2,298,000		Self Storage	Self Storage
Property	12.04	SROA - Paintsville & Paintsville additional	0.2%	1	GACC	2,246,000	2,246,000		Self Storage	Self Storage
Property	12.05	SROA - Winchester Two (Therese)	0.2%	1	GACC	2,201,000	2,201,000		Self Storage	Self Storage
Property	12.06	SROA - Lawrenceburg	0.1%	1	GACC	1,991,000	1,991,000		Self Storage	Self Storage
Property	12.07	SROA - Pikeville	0.1%	1	GACC	1,729,000	1,729,000		Self Storage	Self Storage
Property	12.08	SROA - Mount Sterling	0.1%	1	GACC	1,707,000	1,707,000		Self Storage	Self Storage
Property	12.09	SROA - Wheelersburg I (Duis)	0.1%	1	GACC	1,699,000	1,699,000		Self Storage	Self Storage

A-1-1

COMM 2015-CCRE23

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

			% of		Mortgage		Cut-off		General	Detailed			Interest	Original	Remaining	Original	Remaining		First
			Initial Pool	# of	Loan	Original	Date	Maturity	Property	Property	Interest	Administrative	Accrual	Term to	Term to	Amortization	Amortization	Origination	Payment	Maturity
Property Flag	ID	Property Name	Balance	Properties	Seller(1)	Balance($)(2)(3)	Balance($)(2)(3)	or ARD Balance($)	Type(4)	Type	Rate(5)	Fee Rate(6)	Basis	Maturity or ARD	Maturity or ARD	Term	Term	Date	Date	or ARD Date(5)
Property	12.10	SROA - Morehead	0.1%	1	GACC	1,460,000	1,460,000		Self Storage	Self Storage
Property	12.11	SROA - Berea	0.1%	1	GACC	1,198,000	1,198,000		Self Storage	Self Storage
Property	12.12	SROA - Winchester I (Rockwell)	0.1%	1	GACC	1,078,000	1,078,000		Self Storage	Self Storage
Property	12.13	SROA - Willard Storage (Walton)	0.0%	1	GACC	576,000	576,000		Self Storage	Self Storage
Property	12.14	SROA - Willard (Tiffin)	0.0%	1	GACC	509,000	509,000		Self Storage	Self Storage
Property	12.15	SROA - Hager Hill	0.0%	1	GACC	501,000	501,000		Self Storage	Self Storage
Property	12.16	SROA - Morehead (Litton)	0.0%	1	GACC	494,000	494,000		Self Storage	Self Storage
Property	12.17	SROA - Wheelersburg II (Ohio River)	0.0%	1	GACC	320,000	320,000		Self Storage	Self Storage
Property	12.18	SROA - Salyersville	0.0%	1	GACC	240,000	240,000		Self Storage	Self Storage
Property	12.19	SROA - Greenwich	0.0%	1	GACC	157,000	157,000		Self Storage	Self Storage
Property	12.20	SROA - West Liberty (Main)	0.0%	1	GACC	135,000	135,000		Self Storage	Self Storage
Property	12.21	SROA - West Liberty (Glen)	0.0%	1	GACC	112,000	112,000		Self Storage	Self Storage
Property	12.22	SROA - Whitesburg	0.0%	1	GACC	97,000	97,000		Self Storage	Self Storage
Property	12.23	SROA - Willard (All-In-One)	0.0%	1	GACC	75,000	75,000		Self Storage	Self Storage
Loan	13	La Gran Plaza (35)(38)	1.9%	1	LCF	26,000,000	26,000,000	20,835,220	Mixed Use	Retail/Office	4.2400%	0.0089%	Actual/360	120	120	360	360	04/13/2015	06/06/2015	05/06/2025
Loan	14	Waltonwood Twelve Oaks	1.8%	1	GACC	25,000,000	25,000,000	19,819,314	Multifamily	Independent Living	3.9400%	0.0104%	Actual/360	120	120	360	360	04/20/2015	06/06/2015	05/06/2025
Loan	15	Star Building	1.8%	1	GECC	25,000,000	25,000,000	20,610,332	Office	Suburban	4.2100%	0.0104%	Actual/360	120	116	360	360	12/24/2014	02/01/2015	01/01/2025
Loan	16	ART Florida & Ohio MF Portfolio II	1.8%	5	CCRE	25,000,000	25,000,000	21,192,459	Multifamily	Garden	4.2235%	0.0304%	Actual/360	120	119	360	360	03/25/2015	05/06/2015	04/06/2025
Property	16.01	Woodlands	0.6%	1	CCRE	8,625,000	8,625,000		Multifamily	Garden
Property	16.02	Annhurst	0.4%	1	CCRE	6,100,000	6,100,000		Multifamily	Garden
Property	16.03	Miguel Place	0.3%	1	CCRE	4,175,000	4,175,000		Multifamily	Garden
Property	16.04	Oakwood Village	0.2%	1	CCRE	3,350,000	3,350,000		Multifamily	Garden
Property	16.05	Timbercreek	0.2%	1	CCRE	2,750,000	2,750,000		Multifamily	Garden
Loan	17	Wexford Portfolio (38)	1.6%	3	CCRE	21,500,000	21,500,000	19,647,774	Multifamily	Garden	4.4165%	0.0304%	Actual/360	120	119	360	360	04/01/2015	05/06/2015	04/06/2025
Property	17.01	Capitol East Apartments	1.0%	1	CCRE	14,000,000	14,000,000		Multifamily	Garden
Property	17.02	Lexington Apartments	0.4%	1	CCRE	5,856,300	5,856,300		Multifamily	Garden
Property	17.03	1825 Maryland	0.1%	1	CCRE	1,643,700	1,643,700		Multifamily	Garden
Loan	18	Portage Crossing Shopping Center	1.5%	1	LCF	21,000,000	21,000,000	16,804,615	Retail	Anchored	4.2000%	0.0104%	Actual/360	120	120	360	360	04/15/2015	06/06/2015	05/06/2025
Loan	19	Holiday Inn Manhattan View	1.5%	1	CCRE	21,000,000	20,863,257	18,761,379	Hospitality	Full Service	5.2510%	0.0304%	Actual/360	60	56	300	296	12/30/2014	02/06/2015	01/06/2020
Loan	20	DoubleTree Norwalk	1.5%	1	CCRE	20,200,000	20,154,587	18,645,417	Hospitality	Full Service	5.0435%	0.0304%	Actual/360	60	58	360	358	03/05/2015	04/06/2015	03/06/2020
Loan	21	Champaign Portfolio	1.5%	10	GACC	20,000,000	20,000,000	16,559,942	Various	Various	4.3500%	0.0104%	Actual/360	120	118	360	360	02/13/2015	04/06/2015	03/06/2025
Property	21.01	2110 Fox Drive	0.3%	1	GACC	3,424,408	3,424,408		Office	CBD
Property	21.02	1906 Fox Drive	0.2%	1	GACC	2,513,661	2,513,661		Office	CBD
Property	21.03	2004 Fox Drive	0.2%	1	GACC	2,367,942	2,367,942		Office	CBD
Property	21.04	Shoppes of Knollwood 1	0.2%	1	GACC	2,331,512	2,331,512		Retail	Unanchored
Property	21.05	Shoppes of Knollwood 2	0.2%	1	GACC	2,295,082	2,295,082		Retail	Unanchored
Property	21.06	1806 Fox Drive	0.1%	1	GACC	1,967,213	1,967,213		Office	CBD
Property	21.07	2107 Neil	0.1%	1	GACC	1,821,494	1,821,494		Office	CBD
Property	21.08	2302 Fox Drive	0.1%	1	GACC	1,712,204	1,712,204		Office	CBD
Property	21.09	201 Knollwood	0.1%	1	GACC	874,317	874,317		Office	CBD
Property	21.10	1802 Fox Drive	0.1%	1	GACC	692,168	692,168		Office	CBD
Loan	22	260 California San Francisco	1.4%	1	GACC	19,750,000	19,750,000	17,138,968	Office	CBD	4.1300%	0.0404%	Actual/360	120	119	360	360	03/18/2015	05/06/2015	04/06/2025
Loan	23	525 Park Avenue	1.3%	1	LCF	18,000,000	18,000,000	18,000,000	Office	Medical	4.4500%	0.0104%	Actual/360	120	119	0	0	04/06/2015	05/06/2015	04/06/2025
Loan	24	Winterwood Pavilion	1.3%	1	CCRE	18,000,000	17,975,015	14,407,620	Retail	Anchored	4.2085%	0.0304%	Actual/360	120	119	360	359	03/24/2015	05/06/2015	04/06/2025
Loan	25	Equus Business Center	1.3%	1	CCRE	17,500,000	17,500,000	14,283,722	Industrial	Flex	3.9000%	0.0304%	Actual/360	120	119	360	360	04/02/2015	05/06/2015	04/06/2025
Loan	26	Jordan Creek-Westwood Apartments	1.2%	2	LCF	16,810,000	16,810,000	13,634,073	Multifamily	Garden	4.8415%	0.0104%	Actual/360	120	119	330	330	03/11/2015	05/06/2015	04/06/2025
Property	26.01	Jordan Creek Apartments	0.8%	1	LCF	10,285,000	10,285,000		Multifamily	Garden
Property	26.02	Westwood Apartments	0.5%	1	LCF	6,525,000	6,525,000		Multifamily	Garden
Loan	27	Montara Village (38)	1.2%	1	LCF	16,754,000	16,754,000	13,468,496	Multifamily	Garden	4.3300%	0.0104%	Actual/360	120	120	360	360	04/13/2015	06/06/2015	05/06/2025
Loan	28	Walgreens Portfolio (35)	1.2%	29	LCF	16,000,000	16,000,000	14,631,497	Retail	Single Tenant	4.4500%	0.0089%	Actual/360	120	115	360	360	11/26/2014	01/06/2015	12/06/2024
Property	28.01	Walgreens- River Falls	0.1%	1	LCF	698,778	698,778		Retail	Single Tenant
Property	28.02	Walgreens- Forrest City	0.0%	1	LCF	648,385	648,385		Retail	Single Tenant
Property	28.03	Walgreens- Saint Louis (Lusher)	0.0%	1	LCF	643,682	643,682		Retail	Single Tenant
Property	28.04	Walgreens- Saint Louis (Lemay)	0.0%	1	LCF	618,150	618,150		Retail	Single Tenant
Property	28.05	Walgreens- Saint Charles	0.0%	1	LCF	618,150	618,150		Retail	Single Tenant
Property	28.06	Walgreens- Toledo	0.0%	1	LCF	581,195	581,195		Retail	Single Tenant
Property	28.07	Walgreens- Birmingham	0.0%	1	LCF	577,836	577,836		Retail	Single Tenant
Property	28.08	Walgreens- La Vista	0.0%	1	LCF	573,132	573,132		Retail	Single Tenant
Property	28.09	Walgreens- Olathe	0.0%	1	LCF	568,429	568,429		Retail	Single Tenant
Property	28.10	Walgreens- Arkadelphia	0.0%	1	LCF	567,757	567,757		Retail	Single Tenant
Property	28.11	Walgreens- Franklin	0.0%	1	LCF	564,398	564,398		Retail	Single Tenant
Property	28.12	Walgreens- Cincinnati	0.0%	1	LCF	564,398	564,398		Retail	Single Tenant
Property	28.13	Walgreens- Malvern	0.0%	1	LCF	559,694	559,694		Retail	Single Tenant
Property	28.14	Walgreens- Bartlett (5950)	0.0%	1	LCF	557,679	557,679		Retail	Single Tenant
Property	28.15	Walgreens- Bartlett (6697)	0.0%	1	LCF	557,679	557,679		Retail	Single Tenant
Property	28.16	Walgreens- Mount Washington	0.0%	1	LCF	554,319	554,319		Retail	Single Tenant
Property	28.17	Walgreens- Florence	0.0%	1	LCF	554,319	554,319		Retail	Single Tenant
Property	28.18	Walgreens- Little Rock	0.0%	1	LCF	550,960	550,960		Retail	Single Tenant
Property	28.19	Walgreens- Evansville	0.0%	1	LCF	542,897	542,897		Retail	Single Tenant
Property	28.20	Walgreens- Oklahoma City	0.0%	1	LCF	530,803	530,803		Retail	Single Tenant
Property	28.21	Walgreens- Hobart	0.0%	1	LCF	520,724	520,724		Retail	Single Tenant
Property	28.22	Walgreens- Memphis	0.0%	1	LCF	507,286	507,286		Retail	Single Tenant
Property	28.23	Walgreens- Oakland	0.0%	1	LCF	503,926	503,926		Retail	Single Tenant
Property	28.24	Walgreens- Knoxville	0.0%	1	LCF	500,567	500,567		Retail	Single Tenant
Property	28.25	Walgreens- Decatur	0.0%	1	LCF	487,129	487,129		Retail	Single Tenant
Property	28.26	Walgreens- Sioux Falls	0.0%	1	LCF	487,129	487,129		Retail	Single Tenant
Property	28.27	Walgreens- Enterprise	0.0%	1	LCF	480,410	480,410		Retail	Single Tenant
Property	28.28	Walgreens- Tulsa	0.0%	1	LCF	450,174	450,174		Retail	Single Tenant
Property	28.29	Walgreens- Michigan City	0.0%	1	LCF	430,017	430,017		Retail	Single Tenant
Loan	29	Lakeshore - Holiday Plaza MHC	1.1%	1	GECC	15,325,000	15,325,000	13,891,657	Manufactured Housing Community	Manufactured Housing Community	3.9300%	0.0104%	Actual/360	120	118	360	360	02/02/2015	04/01/2015	03/01/2025
Loan	30	Belle Villa MHC	1.0%	1	GECC	14,100,000	14,100,000	11,609,146	Manufactured Housing Community	Manufactured Housing Community	4.1700%	0.0104%	Actual/360	120	118	360	360	02/23/2015	04/01/2015	03/01/2025
Loan	31	Highland Park Apartments (38)	0.9%	1	CCRE	12,500,000	12,500,000	10,403,494	Multifamily	Garden	4.3700%	0.0304%	Actual/360	120	119	360	360	03/09/2015	05/06/2015	04/06/2025
Loan	32	Pomona Office Tower	0.8%	1	GACC	11,500,000	11,483,724	9,169,338	Office	Suburban	4.1000%	0.0104%	Actual/360	120	119	360	359	03/17/2015	05/06/2015	04/06/2025
Loan	33	Preston Plano Parkway	0.8%	1	GACC	11,400,000	11,384,463	10,401,308	Retail	Unanchored	4.3100%	0.0104%	Actual/360	60	59	360	359	03/31/2015	05/06/2015	04/06/2020
Loan	34	College Station and The Polos Apartments	0.8%	1	CCRE	10,925,000	10,925,000	9,727,028	Multifamily	Student Housing	4.1935%	0.0579%	Actual/360	120	120	360	360	04/24/2015	06/06/2015	05/06/2025
Loan	35	Washington Square Plaza	0.8%	1	LCF	10,900,000	10,900,000	8,737,853	Mixed Use	Office/Retail	4.2500%	0.0579%	Actual/360	120	120	360	360	04/09/2015	06/06/2015	05/06/2025
Loan	36	Aspire Center	0.7%	1	GACC	9,250,000	9,232,776	6,738,246	Office	Medical	4.3000%	0.0504%	Actual/360	120	119	300	299	03/30/2015	05/06/2015	04/06/2025
Loan	37	Plaza Square North	0.7%	1	GACC	9,150,000	9,150,000	7,981,015	Office	CBD	4.3500%	0.0104%	Actual/360	120	117	360	360	01/09/2015	03/06/2015	02/06/2025
Loan	38	8500 Valcour Industrial	0.7%	1	CCRE	9,150,000	9,138,382	7,449,456	Industrial	Warehouse/Distribution	4.7000%	0.0304%	Actual/360	120	119	360	359	03/12/2015	05/06/2015	04/06/2025
Loan	39	Hillcrest Heights Shopping Center	0.7%	1	CCRE	9,000,000	9,000,000	7,687,648	Retail	Anchored	4.5100%	0.0304%	Actual/360	120	117	360	360	02/05/2015	03/06/2015	02/06/2025
Loan	40	Utica Medical Center	0.6%	1	CCRE	8,000,000	7,989,565	6,480,609	Office	Medical	4.5525%	0.0304%	Actual/360	120	119	360	359	03/12/2015	05/06/2015	04/06/2025
Loan	41	Hollywood Self Storage	0.6%	3	GECC	8,000,000	7,958,004	6,479,019	Self Storage	Self Storage	4.5500%	0.0104%	Actual/360	120	116	360	356	12/04/2014	02/01/2015	01/01/2025

A-1-2

COMM 2015-CCRE23

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

			% of		Mortgage		Cut-off		General	Detailed			Interest	Original	Remaining	Original	Remaining		First
			Initial Pool	# of	Loan	Original	Date	Maturity	Property	Property	Interest	Administrative	Accrual	Term to	Term to	Amortization	Amortization	Origination	Payment	Maturity
Property Flag	ID	Property Name	Balance	Properties	Seller(1)	Balance($)(2)(3)	Balance($)(2)(3)	or ARD Balance($)	Type(4)	Type	Rate(5)	Fee Rate(6)	Basis	Maturity or ARD	Maturity or ARD	Term	Term	Date	Date	or ARD Date(5)
Property	41.01	Evans	0.4%	1	GECC	5,165,354	5,138,238		Self Storage	Self Storage
Property	41.02	Belair	0.1%	1	GECC	1,637,795	1,629,198		Self Storage	Self Storage
Property	41.03	Martinez	0.1%	1	GECC	1,196,850	1,190,567		Self Storage	Self Storage
Loan	42	Broadway Central	0.6%	1	LCF	7,850,000	7,850,000	7,148,229	Retail	Unanchored	4.2000%	0.0604%	Actual/360	120	119	360	360	04/02/2015	05/06/2015	04/06/2025
Loan	43	One Tower Creek	0.6%	1	GACC	7,850,000	7,850,000	6,847,100	Office	CBD	4.3500%	0.0104%	Actual/360	120	117	360	360	01/09/2015	03/06/2015	02/06/2025
Loan	44	North Park Mixed Use (38)	0.6%	1	CCRE	7,800,000	7,800,000	7,800,000	Mixed Use	Multifamily/Retail	4.4335%	0.0304%	Actual/360	120	119	0	0	03/17/2015	05/06/2015	04/06/2025
Loan	45	Residence Inn Phoenix	0.5%	1	GACC	7,500,000	7,466,205	5,897,733	Hospitality	Limited Service	4.6500%	0.0104%	Actual/360	120	117	336	333	01/30/2015	03/06/2015	02/06/2025
Loan	46	Holiday Inn Express Cool Springs	0.5%	1	GACC	7,500,000	7,456,453	5,441,034	Hospitality	Limited Service	4.2000%	0.0104%	Actual/360	120	117	300	297	01/20/2015	03/06/2015	02/06/2025
Loan	47	Holiday Inn Express - Poughkeepsie	0.5%	1	LCF	7,450,000	7,440,882	6,106,057	Hospitality	Limited Service	4.9000%	0.0504%	Actual/360	120	119	360	359	03/17/2015	05/06/2015	04/06/2025
Loan	48	IAA Brighton	0.5%	1	LCF	7,300,000	7,286,407	5,317,751	Other	Land	4.3000%	0.0604%	Actual/360	120	119	300	299	03/24/2015	05/06/2015	04/06/2025
Loan	49	1815 Griffin Road	0.5%	1	LCF	7,000,000	7,000,000	7,000,000	Office	Suburban	4.5570%	0.0104%	Actual/360	60	58	0	0	03/02/2015	04/06/2015	03/06/2020
Loan	50	9061 Euclid Avenue	0.5%	1	CCRE	6,975,000	6,975,000	6,050,165	Industrial	Warehouse/Distribution	4.1100%	0.0304%	Actual/360	120	118	360	360	02/13/2015	04/06/2015	03/06/2025
Loan	51	Riverview MHC	0.5%	1	GECC	6,775,000	6,765,238	5,382,515	Manufactured Housing Community	Manufactured Housing Community	4.0000%	0.0104%	Actual/360	120	119	360	359	04/01/2015	05/01/2015	04/01/2025
Loan	52	Hampton Inn Titusville	0.5%	1	CCRE	6,500,000	6,483,730	5,259,977	Hospitality	Limited Service	4.5200%	0.0304%	Actual/360	120	118	360	358	03/03/2015	04/06/2015	03/06/2025
Loan	53	Hampton Inn Terre Haute	0.5%	1	GACC	6,450,000	6,450,000	6,035,039	Hospitality	Limited Service	4.6700%	0.0104%	Actual/360	60	59	360	360	03/11/2015	05/06/2015	04/06/2020
Loan	54	Holiday Inn Express Pauls Valley	0.4%	1	CCRE	6,000,000	6,000,000	3,759,418	Hospitality	Limited Service	4.8500%	0.0304%	Actual/360	120	120	240	240	04/17/2015	06/06/2015	05/06/2025
Loan	55	Ridge Plaza Shopping Center	0.4%	1	LCF	5,900,000	5,900,000	5,016,638	Retail	Unanchored	4.3330%	0.0104%	Actual/360	120	120	360	360	04/10/2015	06/06/2015	05/06/2025
Loan	56	StoreSmart Rockledge	0.4%	1	CCRE	5,500,000	5,500,000	4,597,551	Self Storage	Self Storage	4.6640%	0.0304%	Actual/360	120	119	360	360	03/11/2015	05/06/2015	04/06/2025
Loan	57	The Residences at Summit View	0.4%	1	GACC	5,400,000	5,385,592	4,321,238	Multifamily	Mid-Rise	4.2000%	0.0104%	Actual/360	120	118	360	358	03/02/2015	04/06/2015	03/06/2025
Loan	58	Paradise Valley Ranch MHC	0.4%	1	GECC	5,350,000	5,320,571	4,293,980	Manufactured Housing Community	Manufactured Housing Community	4.2900%	0.0104%	Actual/360	120	116	360	356	12/19/2014	02/01/2015	01/01/2025
Loan	59	HomeGoods Thousand Oaks	0.4%	1	CCRE	5,200,000	5,200,000	4,153,746	Retail	Single Tenant	4.1500%	0.0304%	Actual/360	120	120	360	360	04/09/2015	06/06/2015	05/06/2025
Loan	60	CVS McDonough	0.4%	1	GACC	5,160,000	5,160,000	4,347,252	Retail	Single Tenant	4.4800%	0.0104%	Actual/360	120	119	360	360	03/11/2015	05/06/2015	04/06/2025
Loan	61	StoreSmart Naples	0.4%	1	CCRE	4,900,000	4,900,000	4,079,454	Self Storage	Self Storage	4.5300%	0.0304%	Actual/360	120	119	360	360	03/27/2015	05/06/2015	04/06/2025
Loan	62	Americana Apartments	0.3%	1	CCRE	4,530,000	4,530,000	3,612,733	Multifamily	Garden	4.1050%	0.0304%	Actual/360	120	120	360	360	04/21/2015	06/06/2015	05/06/2025
Loan	63	Country Inn & Suites Sioux Falls, SD	0.3%	1	GACC	4,480,000	4,471,839	3,282,301	Hospitality	Limited Service	4.4500%	0.0104%	Actual/360	120	119	300	299	03/17/2015	05/06/2015	04/06/2025
Loan	64	Hampton Inn Marshall	0.3%	1	CCRE	4,300,000	4,300,000	3,186,433	Hospitality	Limited Service	4.7500%	0.0304%	Actual/360	120	120	300	300	04/09/2015	06/06/2015	05/06/2025
Loan	65	Fresenius Chicago	0.3%	1	CCRE	4,200,000	4,200,000	3,846,645	Office	Medical	4.5535%	0.0304%	Actual/360	120	119	360	360	03/12/2015	05/06/2015	04/06/2025
Loan	66	Ohio Plaza	0.3%	1	GACC	4,000,000	4,000,000	3,466,991	Retail	Anchored	4.0800%	0.0104%	Actual/360	120	119	360	360	03/11/2015	05/06/2015	04/06/2025
Loan	67	La Quinta Inn & Suites Blue Springs	0.3%	1	LCF	3,900,000	3,893,607	2,933,677	Hospitality	Limited Service	5.1610%	0.0104%	Actual/360	120	119	300	299	03/31/2015	05/06/2015	04/06/2025
Loan	68	Stonegate Apartments	0.3%	1	CCRE	3,892,000	3,892,000	3,463,819	Multifamily	Garden	4.1735%	0.0779%	Actual/360	120	120	360	360	04/24/2015	06/06/2015	05/06/2025
Loan	69	Derby Hills MHC	0.3%	1	GECC	3,900,000	3,883,077	3,114,552	Manufactured Housing Community	Manufactured Housing Community	4.1500%	0.0104%	Actual/360	120	117	360	357	01/15/2015	03/01/2015	02/01/2025
Loan	70	Marquis Apartments	0.3%	1	CCRE	3,750,000	3,750,000	3,750,000	Multifamily	Mid-Rise	3.9315%	0.0304%	Actual/360	120	119	0	0	03/19/2015	05/06/2015	04/06/2025
Loan	71	Deere Road Industrial Park	0.3%	1	CCRE	3,720,000	3,713,002	2,702,552	Industrial	Warehouse/Distribution	4.2300%	0.0304%	Actual/360	120	119	300	299	03/12/2015	05/06/2015	04/06/2025
Loan	72	Comfort Suites at the University Conway, SC	0.3%	1	CCRE	3,600,000	3,587,707	2,657,799	Hospitality	Limited Service	4.6500%	0.0304%	Actual/360	120	118	300	298	02/18/2015	04/06/2015	03/06/2025
Loan	73	Stardust MHC	0.3%	1	GECC	3,525,000	3,525,000	2,814,755	Manufactured Housing Community	Manufactured Housing Community	4.1400%	0.0404%	Actual/360	120	120	360	360	04/01/2015	06/01/2015	05/01/2025
Loan	74	Alta Vista MHC	0.3%	1	GECC	3,450,000	3,431,889	2,794,077	Manufactured Housing Community	Manufactured Housing Community	4.5500%	0.0104%	Actual/360	120	116	360	356	12/11/2014	02/01/2015	01/01/2025
Loan	75	47-30 & 31 Vernon Blvd	0.2%	1	CCRE	3,300,000	3,296,383	3,066,091	Mixed Use	Multifamily/Retail	5.4930%	0.0304%	Actual/360	60	59	360	359	03/18/2015	05/06/2015	04/06/2020
Loan	76	Chaparral Ranch MHC	0.2%	1	GECC	2,750,000	2,735,354	2,221,053	Manufactured Housing Community	Manufactured Housing Community	4.4700%	0.0104%	Actual/360	120	116	360	356	12/31/2014	02/01/2015	01/01/2025
Loan	77	Monument Meadow	0.2%	1	GECC	2,400,000	2,396,958	1,954,614	Manufactured Housing Community	Manufactured Housing Community	4.7100%	0.0104%	Actual/360	120	119	360	359	03/09/2015	05/01/2015	04/01/2025
Loan	78	Townhouse MHC	0.1%	1	GECC	2,000,000	1,987,349	1,625,390	Manufactured Housing Community	Manufactured Housing Community	4.6500%	0.0104%	Actual/360	120	115	360	355	11/10/2014	01/01/2015	12/01/2024
Loan	79	CVS Plano	0.1%	1	CCRE	1,666,000	1,666,000	1,207,401	Retail	Single Tenant	4.1660%	0.0304%	Actual/360	120	120	300	300	04/09/2015	06/06/2015	05/06/2025
Loan	80	Dollar General - Paynesville (38)	0.1%	1	LCF	806,000	806,000	806,000	Retail	Single Tenant	5.1660%	0.0104%	Actual/360	120	118	0	0	03/05/2015	04/06/2015	03/06/2025
Loan	81	Dollar General - Yorktown (38)	0.1%	1	LCF	786,500	786,500	786,500	Retail	Single Tenant	5.1660%	0.0104%	Actual/360	120	119	0	0	03/25/2015	05/06/2015	04/06/2025
Loan	82	Dollar General - St. Francis (38)	0.1%	1	LCF	734,500	734,500	734,500	Retail	Single Tenant	5.1660%	0.0104%	Actual/360	120	119	0	0	03/26/2015	05/06/2015	04/06/2025
Loan	83	Dollar General - Battle Lake (38)	0.1%	1	LCF	721,500	721,500	721,500	Retail	Single Tenant	5.1660%	0.0104%	Actual/360	120	119	0	0	03/25/2015	05/06/2015	04/06/2025

A-1-3

COMM 2015-CCRE23

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

Pari Passu

Monthly

Annual

Companion Loan

Remaining

Crossed

FIRREA

Cut-Off

ARD Loan

Final

Debt

Monthly Debt

Annual Debt

Interest Only

Cash

With

Underwritten

Grace

Payment

Appraised

Appraisal

Compliant

Date LTV

Property Flag

Property Name

(Yes/No)

Maturity Date(5)

Service($)(7)

Service($)

Period

Lockbox(8)

Management(9)

Other Loans

Borrower

NOI DSCR(7)(10)(11)

NCF DSCR(7)(10)(11)

Period(12)

Date

Value ($)(13)

As-of Date

(Yes/No)

Ratio(10)(11)(13)

Loan

9200 & 9220 Sunset (35)

01/06/2025

404,035

4,848,417

303,026

3,636,312

116

Soft Springing Hard

Springing

2.26x

2.21x

345,000,000

01/27/2015

Yes

60.9%

Loan

Courtyard by Marriott Portfolio (35)(36)

04/06/2020

311,771

3,741,250

670,307

8,043,687

Soft Springing Hard

In Place

8.73x

7.40x

1,116,000,000

03/01/2015

Yes

28.2%

Property

2.01

Courtyard Larkspur Landing Marin County

41,000,000

03/01/2015

Yes

Property

2.02

Courtyard San Mateo Foster City

40,500,000

03/01/2015

Yes

Property

2.03

Courtyard San Jose Cupertino

36,000,000

03/01/2015

Yes

Property

2.04

Courtyard Boulder

35,000,000

03/01/2015

Yes

Property

2.05

Courtyard Los Angeles Hacienda Heights

27,500,000

03/01/2015

Yes

Property

2.06

Courtyard Seattle South Center

27,000,000

03/01/2015

Yes

Property

2.07

Courtyard Rye

25,500,000

03/01/2015

Yes

Property

2.08

Courtyard Nashville Airport

23,000,000

03/01/2015

Yes

Property

2.09

Courtyard Los Angeles Torrance Palos Verdes

21,000,000

03/01/2015

Yes

Property

2.10

Courtyard St. Louis Creve Coeur

20,500,000

03/01/2015

Yes

Property

2.11

Courtyard Portland Beaverton

20,500,000

03/01/2015

Yes

Property

2.12

Courtyard Palm Springs

19,500,000

03/01/2015

Yes

Property

2.13

Courtyard Charlotte South Park

19,000,000

03/01/2015

Yes

Property

2.14

Courtyard Norwalk

18,000,000

03/01/2015

Yes

Property

2.15

Courtyard Detroit Metro Airport

18,500,000

03/01/2015

Yes

Property

2.16

Courtyard Chicago Waukegan Gurnee

17,500,000

03/01/2015

Yes

Property

2.17

Courtyard Atlanta Perimeter Center

17,000,000

03/01/2015

Yes

Property

2.18

Courtyard Denver Tech Center

17,500,000

03/01/2015

Yes

Property

2.19

Courtyard Ft. Lauderdale Plantation

17,000,000

03/01/2015

Yes

Property

2.20

Courtyard Lincroft Red Bank

17,000,000

03/01/2015

Yes

Property

2.21

Courtyard Chicago Highland Park

16,500,000

03/01/2015

Yes

Property

2.22

Courtyard Charlottesville North

16,500,000

03/01/2015

Yes

Property

2.23

Courtyard Raleigh Cary

16,500,000

03/01/2015

Yes

Property

2.24

Courtyard Detroit Livonia

15,500,000

03/01/2015

Yes

Property

2.25

Courtyard Birmingham Homewood

16,000,000

03/01/2015

Yes

Property

2.26

Courtyard West Palm Beach

16,000,000

03/01/2015

Yes

Property

2.27

Courtyard New Haven Wallingford

15,500,000

03/01/2015

Yes

Property

2.28

Courtyard Dallas Plano Parkway

15,000,000

03/01/2015

Yes

Property

2.29

Courtyard Chicago Oakbrook Terrace

15,000,000

03/01/2015

Yes

Property

2.30

Courtyard Boston Andover

15,000,000

03/01/2015

Yes

Property

2.31

Courtyard Kansas City Overland Park Metcalf

15,000,000

03/01/2015

Yes

Property

2.32

Courtyard Minneapolis St Paul Airport

15,000,000

03/01/2015

Yes

Property

2.33

Courtyard Bakersfield

14,500,000

03/01/2015

Yes

Property

2.34

Courtyard Denver Stapleton

14,500,000

03/01/2015

Yes

Property

2.35

Courtyard Rockford

14,500,000

03/01/2015

Yes

Property

2.36

Courtyard Greenville Haywood Mall

13,500,000

03/01/2015

Yes

Property

2.37

Courtyard St. Louis Westport Plaza

14,000,000

03/01/2015

Yes

Property

2.38

Courtyard Chicago Lincolnshire

14,000,000

03/01/2015

Yes

Property

2.39

Courtyard San Antonio Downtown Market Square

14,000,000

03/01/2015

Yes

Property

2.40

Courtyard Indianapolis Castleton

14,000,000

03/01/2015

Yes

Property

2.41

Courtyard Silver Spring North

14,500,000

03/01/2015

Yes

Property

2.42

Courtyard Lexington North

13,500,000

03/01/2015

Yes

Property

2.43

Courtyard Tampa Westshore

13,000,000

03/01/2015

Yes

Property

2.44

Courtyard Chicago Deerfield

12,500,000

03/01/2015

Yes

Property

2.45

Courtyard St. Petersburg Clearwater

12,000,000

03/01/2015

Yes

Property

2.46

Courtyard Toledo Airport Holland

12,000,000

03/01/2015

Yes

Property

2.47

Courtyard Phoenix Mesa

11,000,000

03/01/2015

Yes

Property

2.48

Courtyard Atlanta Airport South

11,000,000

03/01/2015

Yes

Property

2.49

Courtyard Memphis Airport

11,000,000

03/01/2015

Yes

Property

2.50

Courtyard Oklahoma City Airport

11,000,000

03/01/2015

Yes

Property

2.51

Courtyard Annapolis

13,000,000

03/01/2015

Yes

Property

2.52

Courtyard Manassas

11,000,000

03/01/2015

Yes

Property

2.53

Courtyard Little Rock

10,500,000

03/01/2015

Yes

Property

2.54

Courtyard Ft. Myers

9,000,000

03/01/2015

Yes

Property

2.55

Courtyard Atlanta Gwinnett Mall

9,500,000

03/01/2015

Yes

Property

2.56

Courtyard Chicago Arlington Heights South

8,000,000

03/01/2015

Yes

Property

2.57

Courtyard Dallas Richardson at Spring Valley

8,000,000

03/01/2015

Yes

Property

2.58

Courtyard Huntsville

10,500,000

03/01/2015

Yes

Property

2.59

Courtyard Birmingham Hoover

7,000,000

03/01/2015

Yes

Property

2.60

Courtyard Phoenix North Metrocenter

6,500,000

03/01/2015

Yes

Property

2.61

Courtyard Tucson Airport

6,000,000

03/01/2015

Yes

Property

2.62

Courtyard Dayton South Mall

7,000,000

03/01/2015

Yes

Property

2.63

Courtyard Philadelphia Devon

18,500,000

03/01/2015

Yes

Property

2.64

Courtyard Fresno

8,000,000

03/01/2015

Yes

Property

2.65

Courtyard Poughkeepsie

8,000,000

03/01/2015

Yes

Loan

DFW / Raleigh Portfolio

04/06/2025

481,428

5,777,137

Springing Soft

Springing

1.39x

1.31x

128,800,000

Various

Yes

74.4%

Property

3.01

Sutter Creek Apartments

37,500,000

02/01/2016

Yes

Property

3.02

Copper Crossing Apartments

22,100,000

01/01/2016

Yes

Property

3.03

Estrada Oaks Apartments

20,100,000

01/01/2016

Yes

Property

3.04

The Trestles Apartments

18,700,000

06/01/2016

Yes

Property

3.05

Remington Place Apartments

15,400,000

03/01/2016

Yes

Property

3.06

The Timbers Apartments

15,000,000

12/01/2015

Yes

Loan

3 Columbus Circle (35)

03/06/2025

274,510

3,294,125

793,030

9,516,361

118

Hard

Springing

2.39x

2.30x

700,000,000

02/01/2015

Yes

50.0%

Loan

Maui Coast Hotel

04/06/2025

187,010

2,244,117

119

Hard

Springing

3.05x

2.77x

102,400,000

02/17/2015

Yes

55.0%

Loan

Sherman Plaza

04/06/2025

241,718

2,900,614

Hard

Springing

1.51x

1.40x

69,700,000

01/12/2015

Yes

69.9%

Loan

Hacienda Club

03/06/2025

223,989

2,687,862

Soft

Springing

1.22x

1.20x

57,300,000

01/16/2015

Yes

69.7%

Loan

DoubleTree San Diego (37)

04/06/2025

189,730

2,276,754

Hard

In Place

1.73x

1.53x

53,300,000

03/11/2016

Yes

68.8%

Loan

Lake Arrowhead Village

03/06/2025

176,144

2,113,729

Hard

Springing

1.36x

1.26x

49,500,000

02/15/2015

Yes

66.5%

Loan

100 Middle Street

04/06/2025

168,269

2,019,225

Hard

Springing

1.39x

1.33x

40,500,000

02/13/2015

Yes

74.1%

Loan

Luxe Villas

05/06/2025

115,177

1,382,130

120

Springing Soft

Springing

1.26x

1.25x

41,200,000

02/27/2015

Yes

71.0%

Loan

SROA Portfolio

04/06/2025

128,674

1,544,083

Hard

Springing

1.78x

1.70x

35,060,000

Various

Yes

74.9%

Property

12.01

SROA - London

3,660,000

01/05/2015

Yes

Property

12.02

SROA - Danville & Danville Outdoor

3,590,000

01/05/2015

Yes

Property

12.03

SROA - Ashland

3,070,000

01/05/2015

Yes

Property

12.04

SROA - Paintsville & Paintsville additional

3,000,000

01/09/2015

Yes

Property

12.05

SROA - Winchester Two (Therese)

2,940,000

01/08/2015

Yes

Property

12.06

SROA - Lawrenceburg

2,660,000

01/05/2015

Yes

Property

12.07

SROA - Pikeville

2,310,000

01/09/2015

Yes

Property

12.08

SROA - Mount Sterling

2,280,000

01/09/2015

Yes

Property

12.09

SROA - Wheelersburg I (Duis)

2,270,000

01/06/2015

Yes

A-1-4

COMM 2015-CCRE23

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

Pari Passu

Monthly

Annual

Companion Loan

Remaining

Crossed

FIRREA

Cut-Off

ARD Loan

Final

Debt

Monthly Debt

Annual Debt

Interest Only

Cash

With

Underwritten

Grace

Payment

Appraised

Appraisal

Compliant

Date LTV

Property Flag

Property Name

(Yes/No)

Maturity Date(5)

Service($)(7)

Service($)

Period

Lockbox(8)

Management(9)

Other Loans

Borrower

NOI DSCR(7)(10)(11)

NCF DSCR(7)(10)(11)

Period(12)

Date

Value ($)(13)

As-of Date

(Yes/No)

Ratio(10)(11)(13)

Property

12.10

SROA - Morehead

1,950,000

01/08/2015

Yes

Property

12.11

SROA - Berea

1,600,000

01/05/2015

Yes

Property

12.12

SROA - Winchester I (Rockwell)

1,440,000

01/08/2015

Yes

Property

12.13

SROA - Willard Storage (Walton)

770,000

01/07/2015

Yes

Property

12.14

SROA - Willard (Tiffin)

680,000

01/07/2015

Yes

Property

12.15

SROA - Hager Hill

670,000

01/09/2015

Yes

Property

12.16

SROA - Morehead (Litton)

660,000

01/08/2015

Yes

Property

12.17

SROA - Wheelersburg II (Ohio River)

430,000

01/06/2015

Yes

Property

12.18

SROA - Salyersville

320,000

01/09/2015

Yes

Property

12.19

SROA - Greenwich

210,000

01/07/2015

Yes

Property

12.20

SROA - West Liberty (Main)

180,000

01/09/2015

Yes

Property

12.21

SROA - West Liberty (Glen)

150,000

01/09/2015

Yes

Property

12.22

SROA - Whitesburg

130,000

01/08/2015

Yes

Property

12.23

SROA - Willard (All-In-One)

90,000

01/07/2015

Yes

Loan

La Gran Plaza (35)(38)

05/06/2025

127,752

1,533,027

245,677

2,948,128

Hard

Springing

1.90x

1.73x

116,600,000

02/27/2015

Yes

65.2%

Loan

Waltonwood Twelve Oaks

05/06/2025

118,491

1,421,888

Springing Soft

Springing

1.82x

1.79x

38,700,000

02/15/2015

Yes

64.6%

Loan

Star Building

01/01/2025

122,400

1,468,803

Soft Springing Hard

Springing

2.04x

1.89x

38,200,000

09/30/2014

Yes

65.4%

Loan

ART Florida & Ohio MF Portfolio II

04/06/2025

122,597

1,471,169

Soft

Springing

1.61x

1.46x

33,600,000

Various

Yes

74.4%

Property

16.01

Woodlands

11,600,000

02/20/2015

Yes

Property

16.02

Annhurst

8,200,000

02/20/2015

Yes

Property

16.03

Miguel Place

5,600,000

02/20/2015

Yes

Property

16.04

Oakwood Village

4,500,000

02/20/2015

Yes

Property

16.05

Timbercreek

3,700,000

02/24/2015

Yes

Loan

Wexford Portfolio (38)

04/06/2025

107,873

1,294,479

Springing Soft

Springing

1.29x

1.25x

31,500,000

03/02/2015

Yes

68.3%

Property

17.01

Capitol East Apartments

20,200,000

03/02/2015

Yes

Property

17.02

Lexington Apartments

8,100,000

03/02/2015

Yes

Property

17.03

1825 Maryland

3,200,000

03/02/2015

Yes

Loan

Portage Crossing Shopping Center

05/06/2025

102,694

1,232,323

Hard

Springing

1.35x

1.28x

28,140,000

01/28/2015

Yes

74.6%

Loan

Holiday Inn Manhattan View

01/06/2020

125,854

1,510,253

Hard

In Place

1.63x

1.43x

29,500,000

12/01/2014

Yes

70.7%

Loan

DoubleTree Norwalk

03/06/2020

108,976

1,307,708

Hard

Springing

1.91x

1.60x

30,000,000

02/01/2015

Yes

67.2%

Loan

Champaign Portfolio

03/06/2025

99,562

1,194,748

Hard

Springing

1.60x

1.36x

27,450,000

12/09/2014

Yes

72.9%

Property

21.01

2110 Fox Drive

4,700,000

12/09/2014

Yes

Property

21.02

1906 Fox Drive

3,450,000

12/09/2014

Yes

Property

21.03

2004 Fox Drive

3,250,000

12/09/2014

Yes

Property

21.04

Shoppes of Knollwood 1

3,200,000

12/09/2014

Yes

Property

21.05

Shoppes of Knollwood 2

3,150,000

12/09/2014

Yes

Property

21.06

1806 Fox Drive

2,700,000

12/09/2014

Yes

Property

21.07

2107 Neil

2,500,000

12/09/2014

Yes

Property

21.08

2302 Fox Drive

2,350,000

12/09/2014

Yes

Property

21.09

201 Knollwood

1,200,000

12/09/2014

Yes

Property

21.10

1802 Fox Drive

950,000

12/09/2014

Yes

Loan

260 California San Francisco

04/06/2025

95,776

1,149,308

Hard

Springing

1.49x

1.41x

32,200,000

01/27/2015

Yes

61.3%

Loan

525 Park Avenue

04/06/2025

67,677

812,125

119

Hard

Springing

1.41x

25,600,000

01/01/2015

Yes

70.3%

Loan

Winterwood Pavilion

04/06/2025

88,112

1,057,349

Springing Hard

Springing

1.48x

1.36x

24,100,000

02/02/2015

Yes

74.6%

Loan

Equus Business Center

04/06/2025

82,542

990,503

Soft

Springing

1.68x

1.54x

25,790,000

01/21/2015

Yes

67.9%

Loan

Jordan Creek-Westwood Apartments

04/06/2025

92,250

1,107,005

Springing Hard

Springing

1.38x

1.30x

23,200,000

02/11/2015

Yes

72.5%

Property

26.01

Jordan Creek Apartments

14,500,000

02/11/2015

Yes

Property

26.02

Westwood Apartments

8,700,000

02/11/2015

Yes

Loan

Montara Village (38)

05/06/2025

83,206

998,474

Springing Soft

Springing

2.09x

1.91x

26,100,000

03/12/2015

Yes

64.2%

Loan

Walgreens Portfolio (35)

12/06/2024

80,595

967,140

519,158

6,229,893

Hard

In Place

1.37x

1.36x

174,040,000

Various

Yes

68.4%

Property

28.01

Walgreens- River Falls

7,625,000

10/10/2014

Yes

Property

28.02

Walgreens- Forrest City

7,025,000

10/13/2014

Yes

Property

28.03

Walgreens- Saint Louis (Lusher)

7,000,000

10/15/2014

Yes

Property

28.04

Walgreens- Saint Louis (Lemay)

6,725,000

10/15/2014

Yes

Property

28.05

Walgreens- Saint Charles

6,700,000

10/15/2014

Yes

Property

28.06

Walgreens- Toledo

6,300,000

10/16/2014

Yes

Property

28.07

Walgreens- Birmingham

6,275,000

10/10/2014

Yes

Property

28.08

Walgreens- La Vista

6,225,000

10/14/2014

Yes

Property

28.09

Walgreens- Olathe

6,200,000

10/16/2014

Yes

Property

28.10

Walgreens- Arkadelphia

6,175,000

10/10/2014

Yes

Property

28.11

Walgreens- Franklin

6,175,000

10/07/2014

Yes

Property

28.12

Walgreens- Cincinnati

6,170,000

10/10/2014

Yes

Property

28.13

Walgreens- Malvern

6,050,000

10/10/2014

Yes

Property

28.14

Walgreens- Bartlett (5950)

6,050,000

10/07/2014

Yes

Property

28.15

Walgreens- Bartlett (6697)

6,050,000

10/07/2014

Yes

Property

28.16

Walgreens- Mount Washington

6,025,000

10/15/2014

Yes

Property

28.17

Walgreens- Florence

6,020,000

10/10/2014

Yes

Property

28.18

Walgreens- Little Rock

6,000,000

10/13/2014

Yes

Property

28.19

Walgreens- Evansville

5,900,000

10/11/2014

Yes

Property

28.20

Walgreens- Oklahoma City

5,780,000

10/15/2014

Yes

Property

28.21

Walgreens- Hobart

5,700,000

10/16/2014

Yes

Property

28.22

Walgreens- Memphis

5,525,000

10/07/2014

Yes

Property

28.23

Walgreens- Oakland

5,450,000

10/07/2014

Yes

Property

28.24

Walgreens- Knoxville

5,425,000

10/17/2014

Yes

Property

28.25

Walgreens- Decatur

5,325,000

10/10/2014

Yes

Property

28.26

Walgreens- Sioux Falls

5,300,000

10/14/2014

Yes

Property

28.27

Walgreens- Enterprise

5,225,000

10/10/2014

Yes

Property

28.28

Walgreens- Tulsa

4,920,000

10/15/2014

Yes

Property

28.29

Walgreens- Michigan City

4,700,000

10/16/2014

Yes

Loan

Lakeshore - Holiday Plaza MHC

03/01/2025

72,547

870,561

None

NAP

1.58x

1.56x

20,440,000

08/04/2014

Yes

75.0%

Loan

Belle Villa MHC

03/01/2025

68,705

824,457

None

NAP

1.66x

1.64x

18,800,000

02/03/2015

Yes

75.0%

Loan

Highland Park Apartments (38)

04/06/2025

62,374

748,486

Soft

Springing

1.46x

1.38x

17,500,000

01/15/2015

Yes

71.4%

Loan

Pomona Office Tower

04/06/2025

55,568

666,814

Hard

Springing

1.66x

1.41x

18,100,000

12/05/2014

Yes

63.4%

Loan

Preston Plano Parkway

04/06/2020

56,482

677,788

Hard

Springing

1.73x

1.59x

16,320,000

03/11/2015

Yes

69.8%

Loan

College Station and The Polos Apartments

05/06/2025

53,384

640,604

None

NAP

Yes - A

2.02x

1.85x

16,300,000

01/26/2015

Yes

67.0%

Loan

Washington Square Plaza

05/06/2025

53,621

643,457

Springing Hard

Springing

1.90x

1.68x

15,500,000

03/12/2015

Yes

70.3%

Loan

Aspire Center

04/06/2025

50,370

604,441

Springing Hard

Springing

1.44x

1.32x

13,440,000

11/17/2014

Yes

68.7%

Loan

Plaza Square North

02/06/2025

45,550

546,597

Hard

In Place

Yes - B

1.77x

1.46x

13,800,000

11/24/2014

Yes

66.3%

Loan

8500 Valcour Industrial

04/06/2025

47,455

569,464

Hard

Springing

1.72x

1.46x

12,550,000

09/12/2015

Yes

72.8%

Loan

Hillcrest Heights Shopping Center

02/06/2025

45,655

547,862

Hard

Springing

1.38x

1.28x

12,100,000

10/28/2014

Yes

74.4%

Loan

Utica Medical Center

04/06/2025

40,785

489,417

Hard

Springing

1.64x

1.53x

11,400,000

02/18/2015

Yes

70.1%

Loan

Hollywood Self Storage

01/01/2025

40,773

489,274

None

NAP

1.89x

1.82x

12,700,000

09/24/2014

Yes

62.7%

A-1-5

COMM 2015-CCRE23

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

Pari Passu

Monthly

Annual

Companion Loan

Remaining

Crossed

FIRREA

Cut-Off

ARD Loan

Final

Debt

Monthly Debt

Annual Debt

Interest Only

Cash

With

Underwritten

Grace

Payment

Appraised

Appraisal

Compliant

Date LTV

Property Flag

Property Name

(Yes/No)

Maturity Date(5)

Service($)(7)

Service($)

Period

Lockbox(8)

Management(9)

Other Loans

Borrower

NOI DSCR(7)(10)(11)

NCF DSCR(7)(10)(11)

Period(12)

Date

Value ($)(13)

As-of Date

(Yes/No)

Ratio(10)(11)(13)

Property

41.01

Evans

8,200,000

09/24/2014

Yes

Property

41.02

Belair

2,600,000

09/24/2014

Yes

Property

41.03

Martinez

1,900,000

09/24/2014

Yes

Loan

Broadway Central

04/06/2025

38,388

460,654

Springing Hard

Springing

1.47x

1.39x

12,300,000

02/09/2015

Yes

63.8%

Loan

One Tower Creek

02/06/2025

39,078

468,939

Hard

In Place

Yes - B

1.80x

1.45x

11,800,000

11/24/2014

Yes

66.5%

Loan

North Park Mixed Use (38)

04/06/2025

29,218

350,616

119

Springing Soft

Springing

1.51x

1.47x

12,200,000

02/05/2015

Yes

63.9%

Loan

Residence Inn Phoenix

02/06/2025

39,958

479,495

Hard

Springing

2.03x

1.72x

10,500,000

10/22/2014

Yes

71.1%

Loan

Holiday Inn Express Cool Springs

02/06/2025

40,421

485,048

Springing Hard

Springing

2.53x

2.28x

12,000,000

12/01/2014

Yes

62.1%

Loan

Holiday Inn Express - Poughkeepsie

04/06/2025

39,539

474,470

Hard

Springing

1.92x

1.63x

12,200,000

02/01/2016

Yes

61.0%

Loan

IAA Brighton

04/06/2025

39,752

477,018

Hard

Springing

2.83x

2.72x

17,100,000

02/13/2015

Yes

42.6%

Loan

1815 Griffin Road

03/06/2020

26,952

323,420

None

NAP

2.15x

1.88x

9,600,000

02/02/2015

Yes

72.9%

Loan

9061 Euclid Avenue

03/06/2025

33,744

404,923

Hard

Springing

1.67x

1.55x

10,000,000

09/04/2014

Yes

69.8%

Loan

Riverview MHC

04/01/2025

32,345

388,139

None

NAP

1.41x

1.38x

9,050,000

02/24/2015

Yes

74.8%

Loan

Hampton Inn Titusville

03/06/2025

33,012

396,142

Hard

Springing

2.05x

1.80x

10,000,000

02/01/2017

Yes

64.8%

Loan

Hampton Inn Terre Haute

04/06/2020

33,336

400,031

Springing Hard

Springing

2.21x

1.94x

9,200,000

01/01/2015

Yes

70.1%

Loan

Holiday Inn Express Pauls Valley

05/06/2025

39,102

469,222

Hard

Springing

1.95x

1.77x

10,500,000

03/01/2015

Yes

57.1%

Loan

Ridge Plaza Shopping Center

05/06/2025

29,312

351,742

Springing Soft for 1st, then Springing Hard

Springing

1.59x

1.50x

8,100,000

02/25/2015

Yes

72.8%

Loan

StoreSmart Rockledge

04/06/2025

28,406

340,874

Soft

Springing

Yes - C

1.44x

1.41x

7,440,000

02/05/2015

Yes

73.9%

Loan

The Residences at Summit View

03/06/2025

26,407

316,883

Springing Soft

Springing

1.59x

1.42x

7,400,000

12/18/2014

Yes

72.8%

Loan

Paradise Valley Ranch MHC

01/01/2025

26,444

317,331

None

NAP

Yes - D

1.55x

1.53x

7,900,000

11/19/2014

Yes

67.3%

Loan

HomeGoods Thousand Oaks

05/06/2025

25,277

303,328

Springing Hard

Springing

1.44x

1.35x

8,950,000

11/18/2014

Yes

58.1%

Loan

CVS McDonough

04/06/2025

26,084

313,004

Hard

Springing

1.24x

7,000,000

01/28/2015

Yes

73.7%

Loan

StoreSmart Naples

04/06/2025

24,915

298,980

Soft

Springing

Yes - C

1.36x

1.34x

6,580,000

03/03/2015

Yes

74.5%

Loan

Americana Apartments

05/06/2025

21,902

262,824

Soft

Springing

1.57x

1.45x

6,045,000

03/16/2015

Yes

74.9%

Loan

Country Inn & Suites Sioux Falls, SD

04/06/2025

24,774

297,292

Hard

Springing

1.93x

1.69x

6,000,000

01/09/2015

Yes

74.5%

Loan

Hampton Inn Marshall

05/06/2025

24,515

294,181

Hard

In Place

1.81x

1.60x

7,500,000

11/26/2014

Yes

57.3%

Loan

Fresenius Chicago

04/06/2025

21,415

256,974

Hard

Springing

1.58x

1.49x

7,125,000

01/30/2015

Yes

58.9%

Loan

Ohio Plaza

04/06/2025

19,282

231,379

Springing Hard

Springing

2.39x

2.14x

5,600,000

01/13/2015

Yes

71.4%

Loan

La Quinta Inn & Suites Blue Springs

04/06/2025

23,166

277,996

Hard

Springing

1.67x

1.42x

6,000,000

12/15/2014

Yes

64.9%

Loan

Stonegate Apartments

05/06/2025

18,972

227,669

None

NAP

Yes - A

1.70x

1.60x

5,600,000

01/26/2015

Yes

69.5%

Loan

Derby Hills MHC

02/01/2025

18,958

227,496

None

NAP

1.78x

1.75x

5,400,000

12/19/2014

Yes

71.9%

Loan

Marquis Apartments

04/06/2025

12,457

149,479

119

Springing Soft

Springing

2.20x

2.17x

6,800,000

01/26/2015

Yes

55.1%

Loan

Deere Road Industrial Park

04/06/2025

20,111

241,332

Hard

Springing

2.33x

1.88x

5,400,000

01/19/2015

Yes

68.8%

Loan

Comfort Suites at the University Conway, SC

03/06/2025

20,318

243,813

Hard

In Place

1.93x

1.67x

5,500,000

12/01/2014

Yes

65.2%

Loan

Stardust MHC

05/01/2025

17,115

205,376

None

NAP

1.43x

1.40x

4,700,000

02/19/2015

Yes

75.0%

Loan

Alta Vista MHC

01/01/2025

17,583

210,999

None

NAP

1.69x

1.65x

5,000,000

09/24/2014

Yes

68.6%

Loan

47-30 & 31 Vernon Blvd

04/06/2020

18,723

224,671

Soft

Springing

1.34x

1.31x

6,300,000

02/03/2015

Yes

52.3%

Loan

Chaparral Ranch MHC

01/01/2025

13,885

166,618

None

NAP

Yes - D

1.58x

1.54x

3,900,000

11/19/2014

Yes

70.1%

Loan

Monument Meadow

04/01/2025

12,462

149,541

None

NAP

1.55x

1.52x

3,780,000

02/03/2015

Yes

63.4%

Loan

Townhouse MHC

12/01/2024

10,313

123,753

None

NAP

1.61x

1.58x

2,740,000

10/08/2014

Yes

72.5%

Loan

CVS Plano

05/06/2025

8,947

107,366

Hard

Springing

3.26x

6,100,000

02/06/2015

Yes

27.3%

Loan

Dollar General - Paynesville (38)

Yes

03/06/2035

3,518

42,216

118

Hard

In Place

Yes - E

1.97x

1.94x

1,240,000

01/29/2015

Yes

65.0%

Loan

Dollar General - Yorktown (38)

Yes

04/06/2035

3,433

41,195

119

Hard

In Place

Yes - E

1.95x

1.91x

1,210,000

02/06/2015

Yes

65.0%

Loan

Dollar General - St. Francis (38)

Yes

04/06/2035

3,206

38,471

119

Hard

In Place

Yes - E

1.93x

1.90x

1,130,000

02/18/2015

Yes

65.0%

Loan

Dollar General - Battle Lake (38)

Yes

04/06/2035

3,149

37,790

119

Hard

In Place

Yes - E

1.94x

1.90x

1,110,000

02/18/2015

Yes

65.0%

A-1-6

COMM 2015-CCRE23

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
											Net		Loan per Net
											Rentable Area	Units	Rentable Area
			LTV Ratio at						Year	Year	(SF/Units/Rooms/	of	(SF/Units/Rooms/	Prepayment Provisions	Most Recent Operating
Property Flag	ID	Property Name	Maturity or ARD(10)(11)(13)	Address	City	County	State	Zip Code	Built	Renovated	Pads/Beds/Homes)(4)	Measure(14)	Pads/Beds/Homes) ($)(10)(11)	(# of payments)(15)(16)(17)	Statements Date
Loan	1	9200 & 9220 Sunset (35)	60.9%	9200 & 9220 West Sunset Boulevard	West Hollywood	Los Angeles	CA	90069	1964, 1971	2001-2002, 2009	317,171	Sq. Ft.	662	L(25), D(88), O(4)	12/31/2014
Loan	2	Courtyard by Marriott Portfolio (35)(36)	28.2%	Various	Various	Various	Various	Various	Various	Various	9,590	Rooms	32,847	L(25), D(30), O(5)	T-12 2/28/15
Property	2.01	Courtyard Larkspur Landing Marin County		2500 Larkspur Landing Circle	Larkspur	Marin	CA	94939	1987	2013	146	Rooms	90,810		T-12 2/28/15
Property	2.02	Courtyard San Mateo Foster City		550 Shell Boulevard	Foster City	San Mateo	CA	94404	1987	2009	147	Rooms	90,192		T-12 2/28/15
Property	2.03	Courtyard San Jose Cupertino		10605 North Wolfe Road	Cupertino	Santa Clara	CA	95014	1988	2013	149	Rooms	76,675		T-12 2/28/15
Property	2.04	Courtyard Boulder		4710 Pearl East Circle	Boulder	Boulder	CO	80301	1988	2015	149	Rooms	76,675		T-12 2/28/15
Property	2.05	Courtyard Los Angeles Hacienda Heights		1905 South Azusa Avenue	Hacienda Heights	Los Angeles	CA	91745	1990	2013	150	Rooms	57,985		T-12 2/28/15
Property	2.06	Courtyard Seattle South Center		400 Andover Park West	Tukwila	King	WA	98188	1989	2013	149	Rooms	56,702		T-12 2/28/15
Property	2.07	Courtyard Rye		631 Midland Avenue	Rye	Westchester	NY	10580	1988	2009	145	Rooms	55,024		T-12 2/28/15
Property	2.08	Courtyard Nashville Airport		2508 Elm Hill Pike	Nashville	Davidson	TN	37214	1988	2013	145	Rooms	51,879		T-12 2/28/15
Property	2.09	Courtyard Los Angeles Torrance Palos Verdes		2633 Sepulveda Boulevard	Torrance	Los Angeles	CA	90505	1988	2013	149	Rooms	45,122		T-12 2/28/15
Property	2.10	Courtyard St. Louis Creve Coeur		828 North New Ballas Road	Creve Coeur	St. Louis	MO	63146	1987	2013	154	Rooms	41,672		T-12 2/28/15
Property	2.11	Courtyard Portland Beaverton		8500 Southwest Nimbus Drive	Beaverton	Washington	OR	97008	1989	2014	149	Rooms	43,071		T-12 2/28/15
Property	2.12	Courtyard Palm Springs		1300 East Tahquitz Canyon Way	Palm Springs	Riverside	CA	92262	1988	2013	149	Rooms	42,597		T-12 2/28/15
Property	2.13	Courtyard Charlotte South Park		6023 Park South Drive	Charlotte	Mecklenburg	NC	28210	1989	2013	149	Rooms	41,651		T-12 2/28/15
Property	2.14	Courtyard Norwalk		474 Main Avenue	Norwalk	Fairfield	CT	06851	1988	2013	145	Rooms	40,530		T-12 2/28/15
Property	2.15	Courtyard Detroit Metro Airport		30653 Flynn Drive	Romulus	Wayne	MI	48174	1987	2013	146	Rooms	39,641		T-12 2/28/15
Property	2.16	Courtyard Chicago Waukegan Gurnee		3800 Northpoint Boulevard	Waukegan	Lake	IL	60085	1988	2013	149	Rooms	37,864		T-12 2/28/15
Property	2.17	Courtyard Atlanta Perimeter Center		6250 Peachtree-Dunwoody Road	Atlanta	Fulton	GA	30328	1987	2013	145	Rooms	37,936		T-12 2/28/15
Property	2.18	Courtyard Denver Tech Center		6565 South Boston Street	Greenwood Village	Arapahoe	CO	80111	1987	2014	155	Rooms	35,337		T-12 2/28/15
Property	2.19	Courtyard Ft. Lauderdale Plantation		7780 Southwest 6th Street	Plantation	Broward	FL	33324	1988	2014	149	Rooms	35,719		T-12 2/28/15
Property	2.20	Courtyard Lincroft Red Bank		245 Half Mile Road	Red Bank	Monmouth	NJ	07701	1988	2013	146	Rooms	36,453		T-12 2/28/15
Property	2.21	Courtyard Chicago Highland Park		1505 Lake Cook Road	Highland Park	Lake	IL	60035	1988	2012	149	Rooms	34,646		T-12 2/28/15
Property	2.22	Courtyard Charlottesville North		638 Hillsdale Drive	Charlottesville	Albemarle	VA	22901	1989	2014	150	Rooms	34,415		T-12 2/28/15
Property	2.23	Courtyard Raleigh Cary		102 Edinburgh Drive South	Cary	Wake	NC	27511	1987	2013	149	Rooms	34,646		T-12 2/28/15
Property	2.24	Courtyard Detroit Livonia		17200 North Laurel Park Drive	Livonia	Wayne	MI	48152	1988	2014	149	Rooms	34,078		T-12 2/28/15
Property	2.25	Courtyard Birmingham Homewood		500 Shades Creek Parkway	Homewood	Jefferson	AL	35209	1985	2013	140	Rooms	35,765		T-12 2/28/15
Property	2.26	Courtyard West Palm Beach		600 Northpoint Parkway	West Palm Beach	Palm Beach	FL	33407	1988	2012	149	Rooms	33,605		T-12 2/28/15
Property	2.27	Courtyard New Haven Wallingford		600 Northrop Road	Wallingford	Fairfield	CT	06492	1990	2013	149	Rooms	32,563		T-12 2/28/15
Property	2.28	Courtyard Dallas Plano Parkway		4901 West Plano Parkway	Plano	Collin	TX	75093	1988	2013	149	Rooms	31,522		T-12 2/28/15
Property	2.29	Courtyard Chicago Oakbrook Terrace		6 Transam Plaza Drive	Oakbrook Terrace	Dupage	IL	60181	1986	2013	147	Rooms	31,951		T-12 2/28/15
Property	2.30	Courtyard Boston Andover		10 Campanelli Drive	Andover	Essex	MA	01810	1988	2014	146	Rooms	32,170		T-12 2/28/15
Property	2.31	Courtyard Kansas City Overland Park Metcalf		11301 Metcalf Avenue	Overland Park	Johnson	KS	66210	1988	2014	149	Rooms	31,522		T-12 2/28/15
Property	2.32	Courtyard Minneapolis St Paul Airport		1352 Northland Drive	Mendota Heights	Dakota	MN	55120	1987	2014	146	Rooms	32,170		T-12 2/28/15
Property	2.33	Courtyard Bakersfield		3601 Marriott Drive	Bakersfield	Kern	CA	93308	1988	2013	146	Rooms	31,075		T-12 2/28/15
Property	2.34	Courtyard Denver Stapleton		7415 East 41st Avenue	Denver	Denver	CO	80216	1987	2015	146	Rooms	31,075		T-12 2/28/15
Property	2.35	Courtyard Rockford		7676 East State Street	Rockford	Winnebago	IL	61108	1986	2014	147	Rooms	30,864		T-12 2/28/15
Property	2.36	Courtyard Greenville Haywood Mall		70 Orchard Park Drive	Greenville	Greenville	SC	29615	1988	2012	146	Rooms	30,270		T-12 2/28/15
Property	2.37	Courtyard St. Louis Westport Plaza		11888 Westline Industrial Drive	St. Louis	St. Louis	MO	63146	1988	2014	149	Rooms	29,408		T-12 2/28/15
Property	2.38	Courtyard Chicago Lincolnshire		505 Milwaukee Avenue	Lincolnshire	Lake	IL	60069	1987	2013	146	Rooms	30,012		T-12 2/28/15
Property	2.39	Courtyard San Antonio Downtown Market Square		600 Santa Rosa South	San Antonio	Bexar	TX	78204	1990	2013	149	Rooms	29,408		T-12 2/28/15
Property	2.40	Courtyard Indianapolis Castleton		8670 Allisonville Road	Indianapolis	Marion	IN	46250	1987	2012	146	Rooms	30,012		T-12 2/28/15
Property	2.41	Courtyard Silver Spring North		12521 Prosperity Drive	Silver Spring	Montgomery	MD	20904	1988	2013	146	Rooms	29,304		T-12 2/28/15
Property	2.42	Courtyard Lexington North		775 Newtown Court	Lexington	Fayette	KY	40511	1987	2014	146	Rooms	28,950		T-12 2/28/15
Property	2.43	Courtyard Tampa Westshore		3805 West Cypress Street	Tampa	Hillsborough	FL	33607	1986	2013	145	Rooms	28,047		T-12 2/28/15
Property	2.44	Courtyard Chicago Deerfield		800 Lake Cook Road	Deerfield	Lake	IL	60015	1986	2014	131	Rooms	29,860		T-12 2/28/15
Property	2.45	Courtyard St. Petersburg Clearwater		3131 Executive Drive	Clearwater	Pinellas	FL	33762	1989	2013	149	Rooms	25,211		T-12 2/28/15
Property	2.46	Courtyard Toledo Airport Holland		1435 East Mall Drive	Holland	Lucas	OH	43528	1988	2012	149	Rooms	25,211		T-12 2/28/15
Property	2.47	Courtyard Phoenix Mesa		1221 South Westwood Avenue	Mesa	Maricopa	AZ	85210	1988	2013	149	Rooms	23,097		T-12 2/28/15
Property	2.48	Courtyard Atlanta Airport South		2050 Sullivan Road	College Park	Clayton	GA	30339	1986	2013	144	Rooms	23,899		T-12 2/28/15
Property	2.49	Courtyard Memphis Airport		1780 Nonconnah Boulevard	Memphis	Shelby	TN	38132	1987	2014	145	Rooms	23,734		T-12 2/28/15
Property	2.50	Courtyard Oklahoma City Airport		4301 Highline Boulevard	Oklahoma City	Oklahoma	OK	73108	1988	2014	149	Rooms	23,097		T-12 2/28/15
Property	2.51	Courtyard Annapolis		2559 Riva Road	Annapolis	Anne Arundel	MD	21401	1989	2013	149	Rooms	22,782		T-12 2/28/15
Property	2.52	Courtyard Manassas		10701 Battleview Parkway	Manassas	Prince William	VA	20109	1989	2012	149	Rooms	21,520		T-12 2/28/15
Property	2.53	Courtyard Little Rock		10900 Financial Centre Parkway	Little Rock	Pulaski	AR	72211	1988	2012	149	Rooms	20,605		T-12 2/28/15
Property	2.54	Courtyard Ft. Myers		4455 Metro Parkway	Ft. Myers	Lee	FL	33916	1988	2013	149	Rooms	17,922		T-12 2/28/15
Property	2.55	Courtyard Atlanta Gwinnett Mall		3550 Venture Parkway	Duluth	Gwinnett	GA	30096	1987	2015	146	Rooms	17,840		T-12 2/28/15
Property	2.56	Courtyard Chicago Arlington Heights South		100 West Algonquin Road	Arlington Heights	Cook	IL	60005	1985	2013	147	Rooms	17,047		T-12 2/28/15
Property	2.57	Courtyard Dallas Richardson at Spring Valley		1000 South Sherman	Richardson	Dallas	TX	75081	1988	2015	149	Rooms	16,818		T-12 2/28/15
Property	2.58	Courtyard Huntsville		4804 University Drive	Huntsville	Madison	AL	35816	1987	2014	149	Rooms	16,219		T-12 2/28/15
Property	2.59	Courtyard Birmingham Hoover		1824 Montgomery Highway	Hoover	Jefferson	AL	35244	1987	2012	153	Rooms	13,736		T-12 2/28/15
Property	2.60	Courtyard Phoenix North Metrocenter		9631 North Black Canyon Highway	Phoenix	Maricopa	AZ	85021	1987	2015	146	Rooms	13,943		T-12 2/28/15
Property	2.61	Courtyard Tucson Airport		2505 East Executive Drive	Tucson	Pima	AZ	85706	1988	2013	149	Rooms	12,590		T-12 2/28/15
Property	2.62	Courtyard Dayton South Mall		100 Prestige Place	Miamisburg	Montgomery	OH	45342	1987	2012	146	Rooms	9,081		T-12 2/28/15
Property	2.63	Courtyard Philadelphia Devon		762 West Lancaster Avenue	Wayne	Chester	PA	19087	1988	2013	149	Rooms	0		T-12 2/28/15
Property	2.64	Courtyard Fresno		140 East Shaw Avenue	Fresno	Fresno	CA	93710	1986	2013	146	Rooms	0		T-12 2/28/15
Property	2.65	Courtyard Poughkeepsie		2641 South Road/Route 9	Poughkeepsie	Dutchess	NY	12601	1988	2013	149	Rooms	0		T-12 2/28/15
Loan	3	DFW / Raleigh Portfolio	65.0%	Various	Various	Various	Various	Various	Various	Various	1,856	Units	51,616	L(25), D(91), O(4)	T-12 1/31/2015
Property	3.01	Sutter Creek Apartments		2216 Plum Lane	Arlington	Tarrant	TX	76010	1984	NAP	616	Units	45,657		T-12 1/31/2015
Property	3.02	Copper Crossing Apartments		5644 Riverwalk Drive	Benbrook	Tarrant	TX	76109	1982	2006	400	Units	41,375		T-12 1/31/2015
Property	3.03	Estrada Oaks Apartments		2115 Estrada Parkway	Irving	Dallas	TX	75061	1983	NAP	248	Units	59,476		T-12 1/31/2015
Property	3.04	The Trestles Apartments		3008 Calvary Drive	Raleigh	Wake	NC	27604	1985	2015	280	Units	49,107		T-12 1/31/2015
Property	3.05	Remington Place Apartments		1909 Eyrie Court	Raleigh	Wake	NC	27606	1987	2015	136	Units	84,375		T-12 1/31/2015
Property	3.06	The Timbers Apartments		5900 Timber Creek Lane	Raleigh	Wake	NC	27612	1986	2015	176	Units	63,352		T-12 1/31/2015
Loan	4	3 Columbus Circle (35)	50.0%	3 Columbus Circle	New York	New York	NY	10019	1927	2011-2013	525,807	Sq. Ft.	666	L(26), D(87), O(7)	T-12 9/30/2014
Loan	5	Maui Coast Hotel	55.0%	2259 South Kihei Road	Kihei	Maui	HI	96753	1993	2009	265	Rooms	212,528	L(25), YM1(91), O(4)	T-12 3/31/2015
Loan	6	Sherman Plaza	60.9%	15350-15400 Sherman Way	Van Nuys	Los Angeles	CA	91406	1983, 1988	2008-2009	267,648	Sq. Ft.	182	L(25), D(90), O(5)	12/31/2014
Loan	7	Hacienda Club	58.1%	8685 Baymeadows Road East	Jacksonville	Duval	FL	32256	2014	NAP	300	Units	133,054	L(38), D(90), O(4)	T-3 3/31/2015 Ann.
Loan	8	DoubleTree San Diego (37)	56.0%	1515 Hotel Circle South	San Diego	San Diego	CA	92108	1970	2014	219	Rooms	167,366	L(25), D(92), O(3)	T-12 2/28/2015
Loan	9	Lake Arrowhead Village	54.7%	28200 Highway 189	Lake Arrowhead	San Bernardino	CA	92352	1980	2004	230,448	Sq. Ft.	143	L(26), D(89), O(5)	12/31/2014
Loan	10	100 Middle Street	65.1%	100 Middle Street	Portland	Cumberland	ME	04101	1987	2015	191,654	Sq. Ft.	162	L(25), D(91), O(4)	12/31/2014
Loan	11	Luxe Villas	71.0%	11640 Mayfield Avenue	Los Angeles	Los Angeles	CA	90049	2006	NAP	59	Units	495,763	L(24), D(93), O(3)	T-12 3/31/2015
Loan	12	SROA Portfolio	65.1%	Various	Various	Various	Various	Various	Various	Various	725,510	Sq. Ft.	36	L(25), D(91), O(4)	12/31/2014
Property	12.01	SROA - London		1615 Nevada Avenue	London	Laurel	KY	40741	1999, 2000, 2002, 2003, 2004	NAP	72,850	Sq. Ft.	38		12/31/2014
Property	12.02	SROA - Danville & Danville Outdoor		185 Westridge Drive	Danville	Boyle	KY	40422	2002, 2004	NAP	67,385	Sq. Ft.	40		12/31/2014
Property	12.03	SROA - Ashland		6800 Midland Trail Road	Ashland	Boyd	KY	41102	2000	NAP	59,075	Sq. Ft.	39		12/31/2014
Property	12.04	SROA - Paintsville & Paintsville additional		163 Brooks Conley Drive	Paintsville	Johnson	KY	41256	1995-2009	NAP	73,200	Sq. Ft.	31		12/31/2014
Property	12.05	SROA - Winchester Two (Therese)		1280 Therese Drive	Winchester	Clark	KY	40391	2006	NAP	50,750	Sq. Ft.	43		12/31/2014
Property	12.06	SROA - Lawrenceburg		1060 Commerce Way	Lawrenceburg	Anderson	KY	40342	2006	NAP	46,600	Sq. Ft.	43		12/31/2014
Property	12.07	SROA - Pikeville		144 Cowpen Road	Pikeville	Pike	KY	41501	2007-2008	NAP	59,400	Sq. Ft.	29		12/31/2014
Property	12.08	SROA - Mount Sterling		1060 Camargo Road	Mount Sterling	Montgomery	KY	40353	2001	NAP	45,825	Sq. Ft.	37		12/31/2014
Property	12.09	SROA - Wheelersburg I (Duis)		68 Duis Avenue	Wheelersburg	Scioto	OH	45694	2003	NAP	45,800	Sq. Ft.	37		12/31/2014

A-1-7

COMM 2015-CCRE23

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

Net

Loan per Net

Rentable Area

Units

Rentable Area

LTV Ratio at

Year

(SF/Units/Rooms/

Prepayment Provisions

Most Recent Operating

Property Flag

Property Name

Maturity or ARD(10)(11)(13)

Address

City

County

State

Zip Code

Built

Renovated

Pads/Beds/Homes)(4)

Measure(14)

Pads/Beds/Homes) ($)(10)(11)

(# of payments)(15)(16)(17)

Statements Date

Property

12.10

SROA - Morehead

5051 Flemingsburg Road

Morehead

Rowan

40351

1997

NAP

39,375

Sq. Ft.

12/31/2014

Property

12.11

SROA - Berea

221 Pauline Drive

Berea

Madison

40403

2005

NAP

28,825

Sq. Ft.

12/31/2014

Property

12.12

SROA - Winchester I (Rockwell)

4100 Rockwell Road

Winchester

Clark

40391

2000

NAP

28,800

Sq. Ft.

12/31/2014

Property

12.13

SROA - Willard Storage (Walton)

405 Walton Street West

Willard

Huron

44890

1980, 1996

NAP

19,400

Sq. Ft.

12/31/2014

Property

12.14

SROA - Willard (Tiffin)

730 East Tiffin Street

Willard

Huron

44890

2003

2014

14,950

Sq. Ft.

12/31/2014

Property

12.15

SROA - Hager Hill

587 KY State Route 825

Hager Hill

Johnson

41222

1999

NAP

15,350

Sq. Ft.

12/31/2014

Property

12.16

SROA - Morehead (Litton)

295 Litton Road

Morehead

Rowan

40351

2003

NAP

13,400

Sq. Ft.

12/31/2014

Property

12.17

SROA - Wheelersburg II (Ohio River)

8744 Ohio River Road

Wheelersburg

Scioto

45694

2005

NAP

11,150

Sq. Ft.

12/31/2014

Property

12.18

SROA - Salyersville

1800 East Mountain Parkway

Salyersville

Magoffin

41465

1995

NAP

9,100

Sq. Ft.

12/31/2014

Property

12.19

SROA - Greenwich

60 East Main Street

Greenwich

Huron

44837

2003

NAP

8,625

Sq. Ft.

12/31/2014

Property

12.20

SROA - West Liberty (Main)

1209 West Main Street

West Liberty

Morgan

41472

1996

NAP

5,050

Sq. Ft.

12/31/2014

Property

12.21

SROA - West Liberty (Glen)

16 Glenn Avenue

West Liberty

Morgan

41472

1996

NAP

3,650

Sq. Ft.

12/31/2014

Property

12.22

SROA - Whitesburg

16 Dow Collins Street

Whitesburg

Letcher

41858

1995

NAP

2,950

Sq. Ft.

12/31/2014

Property

12.23

SROA - Willard (All-In-One)

733 East Tiffin Street

Willard

Huron

44890

2003

2014

4,000

Sq. Ft.

12/31/2014

Loan

La Gran Plaza (35)(38)

52.2%

4200 South Freeway

Fort Worth

Tarrant

76115

1961

2004

1,030,613

Sq. Ft.

L(24), D(92), O(4)

T-12 1/31/2015

Loan

Waltonwood Twelve Oaks

51.2%

27475 Huron Circle

Novi

Oakland

48377

1999

2012-2013

139

Units

179,856

L(24), D(92), O(4)

12/31/2014

Loan

Star Building

54.0%

123 Justison Street

Wilmington

New Castle

19801

2010

NAP

149,323

Sq. Ft.

167

L(28), D(88), O(4)

12/31/2014

Loan

ART Florida & Ohio MF Portfolio II

63.1%

Various

2012-2014

657

Units

38,052

L(25), D(91), O(4)

12/31/2014

Property

16.01

Woodlands

5354 Deerbrook Lane

Columbus

Franklin

43213

1984-1987

2012-2014

250

Units

34,500

12/31/2014

Property

16.02

Annhurst

4957 Clancy Court

Gahanna

Franklin

43230

1985-1988

2012-2014

164

Units

37,195

12/31/2014

Property

16.03

Miguel Place

8940 Miguel Place

Port Richey

Pasco

34668

1987

2012-2014

Units

45,879

12/31/2014

Property

16.04

Oakwood Village

18933 Quercus Drive

Hudson

Pasco

34667

1986

2012-2014

Units

44,667

12/31/2014

Property

16.05

Timbercreek

4800 West Bancroft Street

Toledo

Lucas

43615

1987

2012-2014

Units

35,714

12/31/2014

Loan

Wexford Portfolio (38)

62.4%

Various

Washington

20002

Various

193

Units

111,399

L(25), D(92), O(3)

T-12 2/28/2015

Property

17.01

Capitol East Apartments

816 E Street NE and 518 9th Street NE

Washington

20002

1927

2014-2015

120

Units

116,667

T-12 2/28/2015

Property

17.02

Lexington Apartments

1114 F Street NE

Washington

20002

1927

2014

Units

122,006

T-12 2/28/2015

Property

17.03

1825 Maryland

1825 Maryland Avenue NE

Washington

20002

1961

2014-2015

Units

65,748

T-12 2/28/2015

Loan

Portage Crossing Shopping Center

59.7%

1969 Portage Trail

Cuyahoga Falls

Summit

44223

2014

NAP

120,541

Sq. Ft.

174

L(24), DorYM1(92), O(4)

Loan

Holiday Inn Manhattan View

63.6%

39-05 29th Street

Long Island City

Queens

11101

2008

NAP

136

Rooms

153,406

L(28), D(28), O(4)

T-12 1/31/2015

Loan

DoubleTree Norwalk

62.2%

789 Connecticut Avenue

Norwalk

Fairfield

06854

1971

2005, 2008-2011

265

Rooms

76,055

L(26), D(30), O(4)

T-12 1/31/2015

Loan

Champaign Portfolio

60.3%

Various

Champaign

61820

Various

NAP

200,207

Sq. Ft.

100

L(26), D(90), O(4)

12/31/2014

Property

21.01

2110 Fox Drive

Champaign

61820

1998

NAP

34,150

Sq. Ft.

100

Property

21.02

1906 Fox Drive

Champaign

61820

1987

NAP

25,000

Sq. Ft.

101

Property

21.03

2004 Fox Drive

Champaign

61820

1988

NAP

25,100

Sq. Ft.

Property

21.04

Shoppes of Knollwood 1

2209-2251 South Neil Street

Champaign

61820

1998

NAP

19,297

Sq. Ft.

121

Property

21.05

Shoppes of Knollwood 2

2131-2151 South Neil Street

Champaign

61820

1998

NAP

19,220

Sq. Ft.

119

Property

21.06

1806 Fox Drive

Champaign

61820

1992

NAP

20,000

Sq. Ft.

Property

21.07

2107 Neil

2107 South Neil Street

Champaign

61820

1998

NAP

20,000

Sq. Ft.

Property

21.08

2302 Fox Drive

Champaign

61820

1997

NAP

20,000

Sq. Ft.

Property

21.09

201 Knollwood

201 Knollwood Drive

Champaign

61820

1999

NAP

9,640

Sq. Ft.

Property

21.10

1802 Fox Drive

Champaign

61820

1994

NAP

7,800

Sq. Ft.

Loan

260 California San Francisco

53.2%

260 California Street

San Francisco

94111

1910

2009

50,132

Sq. Ft.

394

L(25), D(92), O(3)

12/31/2014

Loan

525 Park Avenue

70.3%

525 Park Avenue

New York

10065

1915

2007

14,777

Sq. Ft.

1,218

L(25), D(92), O(3)

T-12 1/31/2015

Loan

Winterwood Pavilion

59.8%

2208-2350 South Nellis Boulevard

Las Vegas

Clark

89104

1999

2004

136,215

Sq. Ft.

132

L(25), D(89), O(6)

12/31/2014

Loan

Equus Business Center

55.4%

3400 West Desert Inn Road

Las Vegas

Clark

89102

1982

NAP

358,181

Sq. Ft.

L(25), D(91), O(4)

12/31/2014

Loan

Jordan Creek-Westwood Apartments

58.8%

Various

West Des Moines

Polk

50265

1986

NAP

354

Units

47,486

L(25), D(92), O(3)

12/31/2014

Property

26.01

Jordan Creek Apartments

2168 Grand Avenue

West Des Moines

Polk

50265

1986

NAP

222

Units

46,329

12/31/2014

Property

26.02

Westwood Apartments

238 52nd Street

West Des Moines

Polk

50265

1986

NAP

132

Units

49,432

12/31/2014

Loan

Montara Village (38)

51.6%

7105 Southwest Montara Parkway

Topeka

Shawnee

66619

1950-1960

2012-2014

515

Homes

32,532

L(24), D(92), O(4)

T-12 02/01/15

Loan

Walgreens Portfolio (35)

62.6%

Various

NAP

427,800

Sq. Ft.

278

L(29), D(88), O(3)

Property

28.01

Walgreens- River Falls

1047 North Main Street

River Falls

St. Croix

54022

2007

NAP

14,490

Sq. Ft.

359

Property

28.02

Walgreens- Forrest City

2110 North Washington Street

Forrest City

St. Francis

72335

2007

NAP

14,550

Sq. Ft.

332

Property

28.03

Walgreens- Saint Louis (Lusher)

12098 Lusher Road

St. Louis

63138

1999

NAP

16,380

Sq. Ft.

292

Property

28.04

Walgreens- Saint Louis (Lemay)

651 Lemay Ferry Road

St. Louis

63125

1999

NAP

15,730

Sq. Ft.

292

Property

28.05

Walgreens- Saint Charles

1301 South 5th Street

St. Charles

63301

1994

NAP

15,715

Sq. Ft.

293

Property

28.06

Walgreens- Toledo

1910 South Reynolds Street

Toledo

Lucas

43615

2001

NAP

14,490

Sq. Ft.

298

Property

28.07

Walgreens- Birmingham

101 Green Springs Highway

Birmingham

Jefferson

35209

2000

NAP

15,120

Sq. Ft.

284

Property

28.08

Walgreens- La Vista

6827 South 84th Street

Ralston

Douglas

68127

1999

NAP

15,680

Sq. Ft.

272

Property

28.09

Walgreens- Olathe

545 East Santa Fe

Olathe

Johnson

66061

1997

NAP

13,905

Sq. Ft.

304

Property

28.10

Walgreens- Arkadelphia

131 North 26th Street

Arkadelphia

Clark

71923

2007

NAP

14,820

Sq. Ft.

285

Property

28.11

Walgreens- Franklin

1509 Murfreesboro Road

Franklin

Williamson

37067

2000

NAP

15,680

Sq. Ft.

268

Property

28.12

Walgreens- Cincinnati

9775 Colerain Avenue

Colerain Township

Hamilton

45251

1998

NAP

13,905

Sq. Ft.

302

Property

28.13

Walgreens- Malvern

308 South Main Street

Malvern

Hot Springs

72104

2006

NAP

14,550

Sq. Ft.

286

Property

28.14

Walgreens- Bartlett (5950)

5950 Stage Road

Bartlett

Shelby

38134

1997

NAP

15,120

Sq. Ft.

274

Property

28.15

Walgreens- Bartlett (6697)

6697 Stage Road

Bartlett

Shelby

38134

2002

NAP

15,120

Sq. Ft.

274

Property

28.16

Walgreens- Mount Washington

11099 Highway 44 East

Mount Washington

Bullitt

40047

2005

NAP

14,820

Sq. Ft.

278

Property

28.17

Walgreens- Florence

8820 US Highway 42

Florence

Boone

41042

2005

NAP

14,820

Sq. Ft.

278

Property

28.18

Walgreens- Little Rock

111 North Bowman Road

Little Rock

Pulaski

72211

2001

NAP

14,490

Sq. Ft.

283

Property

28.19

Walgreens- Evansville

925 Green River Road

Evansville

Vanderburgh

47715

2001

NAP

15,680

Sq. Ft.

258

Property

28.20

Walgreens- Oklahoma City

12240 North May Avenue

Oklahoma City

Oklahoma

73120

1996

NAP

13,905

Sq. Ft.

284

Property

28.21

Walgreens- Hobart

1605 East 37th Avenue

Hobart

Lake

46342

1998

NAP

15,120

Sq. Ft.

256

Property

28.22

Walgreens- Memphis

3670 Riverdale Road

Memphis

Shelby

38115

1999

NAP

13,905

Sq. Ft.

271

Property

28.23

Walgreens- Oakland

14860 Highway 194

Oakland

Fayette

38060

2005

NAP

13,650

Sq. Ft.

275

Property

28.24

Walgreens- Knoxville

4001 Chapman Highway

Knoxville

Knox

37920

1997

NAP

13,905

Sq. Ft.

268

Property

28.25

Walgreens- Decatur

1718 Beltline Road Southwest

Decatur

Morgan

35601

2004

NAP

14,490

Sq. Ft.

250

Property

28.26

Walgreens- Sioux Falls

7120 West 41st Street

Sioux Falls

Minnehaha

57106

2007

NAP

14,820

Sq. Ft.

245

Property

28.27

Walgreens- Enterprise

900 Rucker Boulevard

Enterprise

Coffee

36330

2004

NAP

14,820

Sq. Ft.

241

Property

28.28

Walgreens- Tulsa

9106 South Sheridan Road

Tulsa

74133

1993

NAP

13,000

Sq. Ft.

258

Property

28.29

Walgreens- Michigan City

101 West US Highway 20

Michigan City

LaPorte

46360

1999

NAP

15,120

Sq. Ft.

212

Loan

Lakeshore - Holiday Plaza MHC

68.0%

2256 Haverhill Road North

West Palm Beach

Palm Beach

33417

1970

NAP

266

Pads

57,613

L(26), D(91), O(3)

12/31/2014

Loan

Belle Villa MHC

61.8%

955 Sumter Road

Belleville

Wayne

48111

1971

NAP

422

Pads

33,412

L(26), D(91), O(3)

12/31/2014

Loan

Highland Park Apartments (38)

59.4%

24050 Southeast Stark Street

Gresham

Multnomah

97030

1990

NAP

216

Units

57,870

L(25), D(91), O(4)

12/31/2014

Loan

Pomona Office Tower

50.7%

300 South Park Avenue

Pomona

Los Angeles

91766

1972

1987

116,344

Sq. Ft.

L(25), D(90), O(5)

T-12 10/31/2014

Loan

Preston Plano Parkway

63.7%

1401 and 1501 Preston Road and 5013 and 5017 West Plano Parkway

Plano

Collin

75093

1994-1996

NAP

62,289

Sq. Ft.

183

L(25), D(30), O(5)

12/31/2014

Loan

College Station and The Polos Apartments

59.7%

110 Lincoln Green

Starkville

Okitbbeha

39759

1987, 1994, 1996

2013-2014

753

Beds

14,509

L(24), D(92), O(4)

12/31/2014

Loan

Washington Square Plaza

56.4%

306 South Washington Avenue

Royal Oak

Oakland

48067

1927

1988

91,662

Sq. Ft.

119

L(24), D(92), O(4)

T-12 2/28/2015

Loan

Aspire Center

50.1%

2121 San Diego Avenue

San Diego

92110

1975

2014

46,806

Sq. Ft.

197

L(25), D(89), O(6)

Loan

Plaza Square North

57.8%

4360 Chamblee Dunwoody Road

Brookhaven

DeKalb

30341

1985

2013

100,254

Sq. Ft.

L(27), D(89), O(4)

T-12 11/01/2014

Loan

8500 Valcour Industrial

59.4%

8500 Valcour Avenue

St. Louis

63123

1960, 1968

2015

490,000

Sq. Ft.

L(25), D(92), O(3)

12/31/2014

Loan

Hillcrest Heights Shopping Center

63.5%

2300 Iverson Street

Hillcrest Heights

Prince George’s

20748

1953

NAP

86,852

Sq. Ft.

104

L(27), D(89), O(4)

T-12 10/31/2014

Loan

Utica Medical Center

56.8%

11051 Hall Road

Utica

Macomb

48317

2001

2013

44,526

Sq. Ft.

179

L(25), D(91), O(4)

12/31/2014

Loan

Hollywood Self Storage

51.0%

Various

Columbia

Various

197,547

Sq. Ft.

L(28), D(85), O(7)

12/31/2014

A-1-8

COMM 2015-CCRE23

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

Net

Loan per Net

Rentable Area

Units

Rentable Area

LTV Ratio at

Year

(SF/Units/Rooms/

Prepayment Provisions

Most Recent Operating

Property Flag

Property Name

Maturity or ARD(10)(11)(13)

Address

City

County

State

Zip Code

Built

Renovated

Pads/Beds/Homes)(4)

Measure(14)

Pads/Beds/Homes) ($)(10)(11)

(# of payments)(15)(16)(17)

Statements Date

Property

41.01

Evans

457 Columbia Industrial Boulevard

Evans

Columbia

30809

1992

1995, 2004, 2007

130,217

Sq. Ft.

Property

41.02

Belair

4388 Ridge Trail

Martinez

Columbia

30907

1994

2010

40,400

Sq. Ft.

Property

41.03

Martinez

109 Old Evans Road

Martinez

Columbia

30809

1986

2009

26,930

Sq. Ft.

Loan

Broadway Central

58.1%

500-550 Broadway & 525-575 Lincoln Street

Denver

80203

1972, 2000

2000

22,714

Sq. Ft.

346

L(25), D(91), O(4)

T-12 1/31/2015

Loan

One Tower Creek

58.0%

3101 Tower Creek Parkway

Atlanta

Cobb

30339

1986

NAP

98,774

Sq. Ft.

L(27), D(89), O(4)

T-11 11/30/2014

Loan

North Park Mixed Use (38)

63.9%

3077 North Park Way

San Diego

92104

2014

NAP

Units

236,364

L(25), D(91), O(4)

Loan

Residence Inn Phoenix

56.2%

8242 North Black Canyon Highway

Phoenix

Maricopa

85051

1988, 1996

2012-2014

168

Rooms

44,442

L(27), D(86), O(7)

T-12 10/31/2014

Loan

Holiday Inn Express Cool Springs

45.3%

8097 Moores Lane

Brentwood

Williamson

37027

1998

2013

111

Rooms

67,175

L(27), D(89), O(4)

12/31/2014

Loan

Holiday Inn Express - Poughkeepsie

50.0%

2750 South Road

Poughkeepsie

Dutchess

12601

1960

2014

121

Rooms

61,495

L(25), D(92), O(3)

12/31/2014

Loan

IAA Brighton

31.1%

8510 Brighton Road

Commerce

Adams

80022

2014

NAP

1,995,484

Sq. Ft.

L(25), DorYM1(91), O(4)

Loan

1815 Griffin Road

72.9%

1815 Griffin Road

Dania Beach

Broward

33004

1987

NAP

58,201

Sq. Ft.

120

L(36),YM1(21), O(3)

12/31/2014

Loan

9061 Euclid Avenue

60.5%

9061 Euclid Avenue

Manassas

Prince William

20110

1977

NAP

185,537

Sq. Ft.

L(26), D(90), O(4)

12/31/2014

Loan

Riverview MHC

59.5%

15758 Southeast Highway 224

Damascus

Clackamas

97079

1974

NAP

134

Pads

50,487

L(25), D(92), O(3)

12/31/2014

Loan

Hampton Inn Titusville

52.6%

4760 Helen Hauser Boulevard

Titusville

Brevard

32780

2004

2013

Rooms

75,392

L(26), D(90), O(4)

T-12 1/31/2015

Loan

Hampton Inn Terre Haute

65.6%

3325 Indiana State Highway 41

Terre Haute

Vigo

47802

1972

2013-2014

112

Rooms

57,589

L(25), D(31), O(4)

12/31/2014

Loan

Holiday Inn Express Pauls Valley

35.8%

2412 West Grant Avenue

Pauls Valley

Garvin

73075

2009

NAP

Rooms

89,552

L(24), D(93), O(3)

T-12 1/31/2015

Loan

Ridge Plaza Shopping Center

61.9%

451-459, 463, 469 and 479 West Ridge Pike

Limerick Township

Montgomery

19468

1940, 2007, 2008

NAP

37,247

Sq. Ft.

158

L(24), D(93), O(3)

12/31/2014

Loan

StoreSmart Rockledge

61.8%

5480-5485 Schenck Avenue

Rockledge

Brevard

32955

2000, 2002-2005

2013

107,060

Sq. Ft.

L(25), D(92), O(3)

T-12 2/28/2015

Loan

The Residences at Summit View

58.4%

2650 Lehman Road

Cincinnati

Hamilton

45204

1972

NAP

176

Units

30,600

L(26), D(90), O(4)

12/31/2014

Loan

Paradise Valley Ranch MHC

54.4%

16005 North 32nd Street

Phoenix

Maricopa

85032

1958

2010

164

Pads

32,443

L(28), D(89), O(3)

12/31/2014

Loan

HomeGoods Thousand Oaks

46.4%

1332 North Moorpark Road

Thousand Oaks

Ventura

91360

1972

2003

27,307

Sq. Ft.

190

L(24), D(92), O(4)

12/31/2014

Loan

CVS McDonough

62.1%

2098 West Highway 20

McDonough

Henry

30253

2007

NAP

13,013

Sq. Ft.

397

L(25), D(91), O(4)

12/31/2014

Loan

StoreSmart Naples

62.0%

6810 Collier Boulevard

Naples

Collier

34114

2003

NAP

55,096

Sq. Ft.

L(25), D(92), O(3)

T-12 2/28/2015

Loan

Americana Apartments

59.8%

4050 Palos Verdes Street

Las Vegas

Clark

89119

1979

NAP

102

Units

44,412

L(24), D(93), O(3)

T-12 2/28/2015

Loan

Country Inn & Suites Sioux Falls, SD

54.7%

200 East 8th Street

Sioux Falls

Minnehaha

57103

1995

2011

Rooms

62,984

L(25), D(91), O(4)

12/31/2014

Loan

Hampton Inn Marshall

42.5%

5100 East End Boulevard South

Marshall

Harrison

75672

1999

2013-2014

Rooms

63,235

L(24), D(93), O(3)

T-12 1/31/2015

Loan

Fresenius Chicago

54.0%

1806-1810 West Hubbard Street

Chicago

Cook

60622

2014

NAP

10,170

Sq. Ft.

413

L(25), D(92), O(3)

12/31/2014

Loan

Ohio Plaza

61.9%

31B Ohio River Plaza

Gallipolis

Gallia

45631

1989

2007

87,373

Sq. Ft.

L(25), D(91), O(4)

12/31/2014

Loan

La Quinta Inn & Suites Blue Springs

48.9%

3402 North West Jefferson Street

Blue Springs

Jackson

64015

2008

2015

Rooms

55,623

L(25), D(91), O(4)

12/31/2014

Loan

Stonegate Apartments

61.9%

416 Woodstone Road

Clinton

Hinds

39056

1986

NAP

Units

42,304

L(24), D(92), O(4)

12/31/2014

Loan

Derby Hills MHC

57.7%

784 Whirlaway Lane

Alexandria

Campbell

41001

1980

NAP

169

Pads

22,977

L(27), D(90), O(3)

12/31/2014

Loan

Marquis Apartments

55.1%

142 East Avenue

Norwalk

Fairfield

06851

2008

NAP

Units

197,368

L(25), YM1(91), O(4)

12/31/2014

Loan

Deere Road Industrial Park

50.0%

6392, 6402 and 6412 Deere Road

Syracuse

Onondaga

13206

1954-1956

2009

203,600

Sq. Ft.

L(25), D(91), O(4)

12/31/2014

Loan

Comfort Suites at the University Conway, SC

48.3%

2480 U.S. Highway 501 East

Conway

Horry

29526

1999

NAP

Rooms

45,996

L(26), D(91), O(3)

12/31/2014

Loan

Stardust MHC

59.9%

2250 West Mill Street

Colton

San Bernardino

92324

1964

NAP

103

Pads

34,223

L(24), D(93), O(3)

T12 01/31/2015

Loan

Alta Vista MHC

55.9%

711 East Lake Meade Drive

Henderson

Clark

89015

1962

NAP

137

Pads

25,050

L(24), YM1(93), O(3)

12/31/2014

Loan

47-30 & 31 Vernon Blvd

48.7%

47-30 and 47-31 Vernon Boulevard

Long Island City

Queens

11101

1910, 1931

2008, 2012

8,865

Sq. Ft.

372

L(25), D(32), O(3)

12/31/2014

Loan

Chaparral Ranch MHC

57.0%

925 North Plaza Drive

Apache Junction

Pinal

85120

1969

2010-2012

101

Pads

27,083

L(28), D(89), O(3)

12/31/2014

Loan

Monument Meadow

51.7%

880 Beacon Lite Road

Monument

El Paso

80132

1969-1975

2004, 2014

Pads

24,459

L(25), D(92), O(3)

12/31/2014

Loan

Townhouse MHC

59.3%

3811 North 27th Avenue

Phoenix

Maricopa

85017

1965

2010

Pads

28,802

L(29), D(88), O(3)

12/31/2014

Loan

CVS Plano

19.8%

525 West Parker Road

Plano

Collin

75075

2008

NAP

12,900

Sq. Ft.

129

L(24), D(93), O(3)

12/31/2014

Loan

Dollar General - Paynesville (38)

65.0%

950 State Highway 23 West

Paynesville

Stearns

56362

2015

NAP

9,100

Sq. Ft.

YM(26), DorYM(90), O(4)

Loan

Dollar General - Yorktown (38)

65.0%

846 West Main Street

Yorktown

Dewitt

78164

2015

NAP

10,566

Sq. Ft.

YM(25), DorYM(91), O(4)

Loan

Dollar General - St. Francis (38)

65.0%

3112 Bridge Street Northwest

St. Francis

Anoka

55070

2014

NAP

9,002

Sq. Ft.

YM(25), DorYM(91), O(4)

Loan

Dollar General - Battle Lake (38)

65.0%

21666 State Highway 78

Battle Lake

Otter Tail

56515

2014

NAP

9,100

Sq. Ft.

YM(25), DorYM(91), O(4)

A-1-9

COMM 2015-CCRE23

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

						Second Most	Second	Second	Second	Third Most	Third	Third	Third
			Most Recent	Most Recent	Most Recent	Recent Operating	Most Recent	Most Recent	Most Recent	Recent Operating	Most Recent	Most Recent	Most Recent	Underwritten NOI	Underwritten NCF	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten
Property Flag	ID	Property Name	EGI ($)	Expenses($)	NOI($)	Statements Date	EGI($)	Expenses($)	NOI($)	Statements Date	EGI($)	Expenses($)	NOI($)	Debt Yield(10)(11)	Debt Yield(10)(11)	Revenue($)	EGI($)	Expenses($)	NOI ($)	Reserves($)	TI/LC($)	NCF ($)(18)
Loan	1	9200 & 9220 Sunset (35)	22,771,250	6,492,343	16,278,907	12/31/2013	21,302,511	6,163,335	15,139,176	12/31/2012	20,008,065	5,850,150	14,157,915	9.1%	8.9%	19,020,713	25,942,955	6,770,282	19,172,673	79,293	317,171	18,776,209
Loan	2	Courtyard by Marriott Portfolio (35)(36)	313,078,352	209,274,949	103,803,403	12/31/2014	307,888,286	206,741,900	101,146,386	12/31/2013	278,415,705	193,715,998	84,699,708	32.7%	27.7%	284,991,726	313,078,352	210,219,717	102,858,635	15,653,918		87,204,717
Property	2.01	Courtyard Larkspur Landing Marin County	8,876,647	4,711,303	4,165,344	12/31/2014	8,749,589	4,668,019	4,081,570	12/31/2013	7,597,725	4,352,542	3,245,183			8,267,767	8,876,647	4,723,237	4,153,410	443,832		3,709,578
Property	2.02	Courtyard San Mateo Foster City	8,749,970	4,141,075	4,608,894	12/31/2014	8,656,953	4,120,290	4,536,663	12/31/2013	7,789,900	3,847,481	3,942,419			8,321,707	8,749,970	4,148,235	4,601,735	437,498		4,164,236
Property	2.03	Courtyard San Jose Cupertino	8,378,244	4,716,800	3,661,444	12/31/2014	8,162,602	4,620,347	3,542,255	12/31/2013	7,112,032	4,266,968	2,845,063			7,897,639	8,378,244	4,757,078	3,621,166	418,912		3,202,254
Property	2.04	Courtyard Boulder	7,376,945	3,707,587	3,669,359	12/31/2014	7,251,279	3,666,370	3,584,909	12/31/2013	6,281,239	3,345,420	2,935,818			6,807,170	7,376,945	3,753,965	3,622,980	368,847		3,254,133
Property	2.05	Courtyard Los Angeles Hacienda Heights	6,187,243	3,522,546	2,664,697	12/31/2014	6,079,923	3,485,108	2,594,814	12/31/2013	5,332,361	3,283,549	2,048,812			5,752,519	6,187,243	3,559,330	2,627,913	309,362		2,318,551
Property	2.06	Courtyard Seattle South Center	6,498,488	3,859,714	2,638,775	12/31/2014	6,473,546	3,779,423	2,694,123	12/31/2013	5,920,521	3,602,244	2,318,277			5,925,752	6,498,488	3,909,537	2,588,951	324,924		2,264,027
Property	2.07	Courtyard Rye	6,624,269	4,300,082	2,324,186	12/31/2014	6,694,148	4,293,868	2,400,280	12/31/2013	6,282,137	4,116,305	2,165,832			5,877,972	6,624,269	4,338,965	2,285,303	331,213		1,954,090
Property	2.08	Courtyard Nashville Airport	6,147,851	3,522,391	2,625,460	12/31/2014	6,178,137	3,517,689	2,660,448	12/31/2013	5,271,278	3,183,621	2,087,657			5,587,034	6,147,851	3,523,528	2,624,323	307,393		2,316,930
Property	2.09	Courtyard Los Angeles Torrance Palos Verdes	6,010,709	3,727,445	2,283,264	12/31/2014	5,854,521	3,680,708	2,173,813	12/31/2013	5,150,375	3,292,974	1,857,401			5,585,251	6,010,709	3,732,934	2,277,775	300,535		1,977,240
Property	2.10	Courtyard St. Louis Creve Coeur	5,259,797	3,237,279	2,022,518	12/31/2014	5,262,882	3,249,107	2,013,776	12/31/2013	4,657,476	3,080,063	1,577,413			4,863,084	5,259,797	3,237,798	2,021,999	262,990		1,759,009
Property	2.11	Courtyard Portland Beaverton	4,928,570	3,004,539	1,924,031	12/31/2014	4,785,829	2,980,220	1,805,608	12/31/2013	4,711,365	2,925,204	1,786,161			4,517,591	4,928,570	3,012,920	1,915,650	246,429		1,669,222
Property	2.12	Courtyard Palm Springs	5,202,039	3,157,154	2,044,886	12/31/2014	5,073,782	3,095,491	1,978,292	12/31/2013	4,334,675	2,887,123	1,447,551			4,801,718	5,202,039	3,157,154	2,044,886	260,102		1,784,784
Property	2.13	Courtyard Charlotte South Park	5,775,546	3,416,002	2,359,545	12/31/2014	5,744,371	3,397,851	2,346,520	12/31/2013	5,274,003	3,160,448	2,113,555			5,345,740	5,775,546	3,437,619	2,337,927	288,777		2,049,150
Property	2.14	Courtyard Norwalk	6,417,039	4,286,049	2,130,991	12/31/2014	6,340,114	4,225,268	2,114,846	12/31/2013	5,607,239	3,988,896	1,618,343			5,920,728	6,417,039	4,357,636	2,059,403	320,852		1,738,551
Property	2.15	Courtyard Detroit Metro Airport	4,722,133	3,134,309	1,587,824	12/31/2014	4,756,232	3,188,561	1,567,671	12/31/2013	4,113,067	2,991,304	1,121,763			4,210,999	4,722,133	3,134,331	1,587,802	236,107		1,351,695
Property	2.16	Courtyard Chicago Waukegan Gurnee	5,027,101	3,188,905	1,838,197	12/31/2014	5,059,432	3,185,647	1,873,785	12/31/2013	4,663,316	3,115,620	1,547,697			4,592,662	5,027,101	3,213,525	1,813,576	251,355		1,562,221
Property	2.17	Courtyard Atlanta Perimeter Center	5,024,187	3,190,063	1,834,124	12/31/2014	4,917,649	3,158,033	1,759,616	12/31/2013	4,255,068	2,854,564	1,400,504			4,610,126	5,024,187	3,205,186	1,819,001	251,209		1,567,791
Property	2.18	Courtyard Denver Tech Center	4,815,271	3,084,523	1,730,748	12/31/2014	4,552,906	2,967,087	1,585,819	12/31/2013	4,262,295	2,881,793	1,380,502			4,438,881	4,815,271	3,111,725	1,703,545	240,764		1,462,782
Property	2.19	Courtyard Ft. Lauderdale Plantation	5,102,995	3,370,833	1,732,162	12/31/2014	4,926,094	3,300,190	1,625,904	12/31/2013	4,150,193	2,960,497	1,189,696			4,615,079	5,102,995	3,378,918	1,724,077	255,150		1,468,927
Property	2.20	Courtyard Lincroft Red Bank	5,169,478	3,646,007	1,523,470	12/31/2014	5,217,122	3,621,291	1,595,831	12/31/2013	5,469,172	3,697,151	1,772,020			4,535,510	5,169,478	3,662,384	1,507,094	258,474		1,248,620
Property	2.21	Courtyard Chicago Highland Park	4,288,596	2,656,261	1,632,335	12/31/2014	4,204,150	2,612,637	1,591,513	12/31/2013	3,966,095	2,596,410	1,369,686			3,948,379	4,288,596	2,660,853	1,627,743	214,430		1,413,313
Property	2.22	Courtyard Charlottesville North	4,671,540	3,092,294	1,579,246	12/31/2014	4,587,603	3,032,641	1,554,962	12/31/2013	4,457,542	2,929,844	1,527,698			4,270,162	4,671,540	3,093,715	1,577,824	233,577		1,344,247
Property	2.23	Courtyard Raleigh Cary	4,251,758	2,920,820	1,330,938	12/31/2014	4,265,976	2,914,374	1,351,601	12/31/2013	4,043,941	2,736,286	1,307,655			3,856,608	4,251,758	2,924,333	1,327,425	212,588		1,114,837
Property	2.24	Courtyard Detroit Livonia	4,865,987	3,095,348	1,770,639	12/31/2014	4,644,991	3,032,714	1,612,277	12/31/2013	4,247,691	2,853,824	1,393,867			4,460,079	4,865,987	3,097,112	1,768,876	243,299		1,525,576
Property	2.25	Courtyard Birmingham Homewood	4,415,508	2,832,572	1,582,936	12/31/2014	4,403,515	2,846,011	1,557,504	12/31/2013	4,296,531	2,789,536	1,506,995			4,031,015	4,415,508	2,836,766	1,578,742	220,775		1,357,966
Property	2.26	Courtyard West Palm Beach	4,820,744	3,231,249	1,589,495	12/31/2014	4,623,340	3,166,555	1,456,785	12/31/2013	3,913,382	2,974,470	938,912			4,408,405	4,820,744	3,254,299	1,566,444	241,037		1,325,407
Property	2.27	Courtyard New Haven Wallingford	4,941,127	3,343,215	1,597,912	12/31/2014	4,956,781	3,333,967	1,622,814	12/31/2013	4,529,017	3,147,008	1,382,009			4,336,508	4,941,127	3,343,215	1,597,912	247,056		1,350,856
Property	2.28	Courtyard Dallas Plano Parkway	4,680,717	3,114,878	1,565,839	12/31/2014	4,607,304	3,057,331	1,549,973	12/31/2013	4,037,220	2,874,847	1,162,373			4,269,842	4,680,717	3,114,878	1,565,839	234,036		1,331,803
Property	2.29	Courtyard Chicago Oakbrook Terrace	4,701,547	3,170,597	1,530,950	12/31/2014	4,624,846	3,141,042	1,483,805	12/31/2013	4,029,790	2,897,096	1,132,693			4,205,707	4,701,547	3,186,488	1,515,059	235,077		1,279,982
Property	2.30	Courtyard Boston Andover	4,888,685	3,399,625	1,489,060	12/31/2014	4,793,276	3,371,642	1,421,635	12/31/2013	4,241,857	3,080,647	1,161,210			4,288,036	4,888,685	3,399,625	1,489,060	244,434		1,244,626
Property	2.31	Courtyard Kansas City Overland Park Metcalf	4,407,308	2,984,481	1,422,828	12/31/2014	4,247,360	2,940,572	1,306,788	12/31/2013	3,946,291	2,767,942	1,178,348			3,979,615	4,407,308	2,995,261	1,412,047	220,365		1,191,682
Property	2.32	Courtyard Minneapolis St Paul Airport	4,811,844	3,394,852	1,416,992	12/31/2014	4,680,455	3,363,660	1,316,795	12/31/2013	4,459,303	3,316,477	1,142,827			4,221,637	4,811,844	3,400,927	1,410,917	240,592		1,170,325
Property	2.33	Courtyard Bakersfield	4,515,481	2,958,027	1,557,454	12/31/2014	4,456,164	2,956,731	1,499,434	12/31/2013	3,969,740	2,678,311	1,291,429			4,128,433	4,515,481	2,965,982	1,549,500	225,774		1,323,726
Property	2.34	Courtyard Denver Stapleton	3,950,977	2,503,253	1,447,724	12/31/2014	3,899,639	2,502,759	1,396,880	12/31/2013	3,425,711	2,350,734	1,074,977			3,676,586	3,950,977	2,516,290	1,434,688	197,549		1,237,139
Property	2.35	Courtyard Rockford	3,859,159	2,622,070	1,237,090	12/31/2014	3,846,109	2,629,903	1,216,207	12/31/2013	3,600,254	2,548,236	1,052,017			3,509,416	3,859,159	2,633,078	1,226,081	192,958		1,033,123
Property	2.36	Courtyard Greenville Haywood Mall	4,297,122	2,766,727	1,530,395	12/31/2014	4,215,857	2,766,402	1,449,455	12/31/2013	3,831,289	2,635,035	1,196,253			3,943,058	4,297,122	2,770,825	1,526,297	214,856		1,311,441
Property	2.37	Courtyard St. Louis Westport Plaza	4,400,579	2,989,633	1,410,946	12/31/2014	4,199,797	2,920,506	1,279,291	12/31/2013	4,001,027	2,823,686	1,177,341			4,007,517	4,400,579	3,005,352	1,395,227	220,029		1,175,198
Property	2.38	Courtyard Chicago Lincolnshire	4,226,233	2,854,413	1,371,820	12/31/2014	4,118,325	2,823,609	1,294,715	12/31/2013	3,766,964	2,740,099	1,026,866			3,773,813	4,226,233	2,874,900	1,351,333	211,312		1,140,021
Property	2.39	Courtyard San Antonio Downtown Market Square	4,629,412	3,337,074	1,292,338	12/31/2014	4,489,958	3,279,335	1,210,623	12/31/2013	3,963,756	2,999,078	964,678			4,228,460	4,629,412	3,365,081	1,264,331	231,471		1,032,860
Property	2.40	Courtyard Indianapolis Castleton	3,793,064	2,643,205	1,149,859	12/31/2014	3,733,440	2,607,411	1,126,028	12/31/2013	3,328,911	2,412,959	915,953			3,424,329	3,793,064	2,646,426	1,146,638	189,653		956,985
Property	2.41	Courtyard Silver Spring North	4,459,038	3,330,161	1,128,877	12/31/2014	4,476,179	3,320,660	1,155,519	12/31/2013	3,846,730	3,054,498	792,232			3,959,321	4,459,038	3,330,369	1,128,669	222,952		905,718
Property	2.42	Courtyard Lexington North	3,881,595	2,660,106	1,221,490	12/31/2014	3,770,866	2,610,373	1,160,493	12/31/2013	3,434,068	2,432,609	1,001,460			3,519,020	3,881,595	2,669,506	1,212,090	194,080		1,018,010
Property	2.43	Courtyard Tampa Westshore	5,386,425	3,977,441	1,408,984	12/31/2014	5,304,740	3,950,378	1,354,362	12/31/2013	4,516,242	3,587,040	929,202			4,892,438	5,386,425	4,023,124	1,363,301	269,321		1,093,980
Property	2.44	Courtyard Chicago Deerfield	3,901,328	2,783,431	1,117,897	12/31/2014	3,786,467	2,788,026	998,440	12/31/2013	3,631,460	2,764,354	867,106			3,521,265	3,901,328	2,785,669	1,115,659	195,066		920,593
Property	2.45	Courtyard St. Petersburg Clearwater	4,689,375	3,408,363	1,281,012	12/31/2014	4,567,489	3,360,028	1,207,461	12/31/2013	3,845,945	2,946,346	899,599			4,161,123	4,689,375	3,415,262	1,274,113	234,469		1,039,644
Property	2.46	Courtyard Toledo Airport Holland	3,890,024	2,664,557	1,225,467	12/31/2014	3,874,291	2,644,359	1,229,932	12/31/2013	3,731,960	2,610,209	1,121,751			3,562,463	3,890,024	2,735,477	1,154,547	194,501		960,046
Property	2.47	Courtyard Phoenix Mesa	3,715,230	2,554,442	1,160,788	12/31/2014	3,458,464	2,493,074	965,390	12/31/2013	2,601,784	2,218,666	383,117			3,360,557	3,715,230	2,554,442	1,160,788	185,761		975,027
Property	2.48	Courtyard Atlanta Airport South	4,181,703	3,091,695	1,090,008	12/31/2014	4,122,072	3,073,678	1,048,394	12/31/2013	3,523,876	2,867,660	656,216			3,549,870	4,181,703	3,095,669	1,086,034	209,085		876,949
Property	2.49	Courtyard Memphis Airport	4,617,967	3,525,644	1,092,323	12/31/2014	4,552,326	3,515,777	1,036,550	12/31/2013	3,914,199	3,197,260	716,939			4,104,207	4,617,967	3,531,846	1,086,121	230,898		855,223
Property	2.50	Courtyard Oklahoma City Airport	3,551,936	2,565,515	986,420	12/31/2014	3,495,244	2,594,786	900,458	12/31/2013	3,406,370	2,515,138	891,232			3,266,675	3,551,936	2,567,839	984,096	177,597		806,499
Property	2.51	Courtyard Annapolis	4,009,310	3,086,038	923,271	12/31/2014	3,991,432	3,063,615	927,817	12/31/2013	3,530,172	2,820,440	709,732			3,595,368	4,009,310	3,091,484	917,826	200,465		717,360
Property	2.52	Courtyard Manassas	3,728,014	2,858,986	869,028	12/31/2014	3,760,377	2,838,468	921,909	12/31/2013	3,506,559	2,717,197	789,362			3,376,160	3,728,014	2,866,399	861,615	186,401		675,214
Property	2.53	Courtyard Little Rock	3,360,579	2,539,600	820,979	12/31/2014	3,419,896	2,544,091	875,805	12/31/2013	3,454,158	2,651,392	802,767			3,025,488	3,360,579	2,544,486	816,093	168,029		648,064
Property	2.54	Courtyard Ft. Myers	4,098,181	3,324,995	773,185	12/31/2014	3,889,606	3,243,730	645,877	12/31/2013	3,427,130	3,028,398	398,733			3,742,374	4,098,181	3,331,715	766,466	204,909		561,557
Property	2.55	Courtyard Atlanta Gwinnett Mall	3,295,591	2,576,690	718,901	12/31/2014	3,273,721	2,543,729	729,992	12/31/2013	3,144,455	2,474,017	670,438			3,006,915	3,295,591	2,588,075	707,515	164,780		542,736
Property	2.56	Courtyard Chicago Arlington Heights South	3,990,618	3,241,239	749,379	12/31/2014	3,960,106	3,192,584	767,522	12/31/2013	3,561,620	2,922,399	639,221			3,552,233	3,990,618	3,261,707	728,910	199,531		529,379
Property	2.57	Courtyard Dallas Richardson at Spring Valley	3,282,941	2,584,178	698,763	12/31/2014	3,229,218	2,555,930	673,288	12/31/2013	2,988,121	2,469,556	518,565			2,984,859	3,282,941	2,638,126	644,815	164,147		480,668
Property	2.58	Courtyard Huntsville	2,997,591	2,333,723	663,868	12/31/2014	2,886,022	2,284,104	601,919	12/31/2013	2,956,803	2,063,347	893,456			2,771,971	2,997,591	2,333,723	663,868	149,880		513,988
Property	2.59	Courtyard Birmingham Hoover	3,214,394	2,606,997	607,398	12/31/2014	3,221,753	2,592,355	629,398	12/31/2013	3,029,758	2,581,213	448,546			2,930,689	3,214,394	2,606,997	607,398	160,720		446,678
Property	2.60	Courtyard Phoenix North Metrocenter	3,045,035	2,300,083	744,952	12/31/2014	2,828,474	2,188,941	639,534	12/31/2013	2,550,855	1,989,871	560,984			2,825,747	3,045,035	2,310,211	734,824	152,252		582,572
Property	2.61	Courtyard Tucson Airport	3,426,120	2,740,964	685,155	12/31/2014	3,337,326	2,691,174	646,151	12/31/2013	3,056,736	2,529,649	527,087			3,078,163	3,426,120	2,757,017	669,102	171,306		497,796
Property	2.62	Courtyard Dayton South Mall	2,847,737	2,423,485	424,252	12/31/2014	2,822,348	2,422,388	399,960	12/31/2013	2,704,860	2,350,719	354,142			2,569,341	2,847,737	2,424,077	423,659	142,387		281,273
Property	2.63	Courtyard Philadelphia Devon	6,489,381	4,002,629	2,486,752	12/31/2014	6,459,854	4,011,324	2,448,530	12/31/2013	6,442,047	3,961,364	2,480,683			5,896,408	6,489,381	4,024,122	2,465,259	324,469		2,140,790
Property	2.64	Courtyard Fresno	5,990,598	3,839,151	2,151,447	12/31/2014	5,833,077	3,775,100	2,057,977	12/31/2013	5,059,836	3,437,417	1,622,419			5,452,342	5,990,598	3,854,484	2,136,114	299,530		1,836,584
Property	2.65	Courtyard Poughkeepsie	5,315,729	4,003,309	1,312,421	12/31/2014	5,230,940	3,981,590	1,249,350	12/31/2013	4,258,213	3,538,950	719,263			4,844,191	5,315,729	4,020,148	1,295,581	265,786		1,029,795
Loan	3	DFW / Raleigh Portfolio	15,642,570	7,876,099	7,766,471	12/31/2014	15,578,098	7,915,487	7,662,611	12/31/2013	14,640,154	7,414,157	7,225,998	8.4%	7.9%	15,115,773	15,835,501	7,816,146	8,019,354	464,000		7,555,354
Property	3.01	Sutter Creek Apartments	5,015,934	2,622,750	2,393,184	12/31/2014	4,976,492	2,621,795	2,354,697	12/31/2013	4,676,226	2,474,548	2,201,678			4,935,550	5,106,918	2,647,798	2,459,120	154,000		2,305,120
Property	3.02	Copper Crossing Apartments	3,067,444	1,661,681	1,405,763	12/31/2014	3,072,426	1,687,450	1,384,976	12/31/2013	2,858,446	1,597,752	1,260,694			2,859,204	3,107,257	1,736,033	1,371,224	100,000		1,271,224
Property	3.03	Estrada Oaks Apartments	2,262,041	1,080,202	1,181,840	12/31/2014	2,251,088	1,080,091	1,170,997	12/31/2013	2,120,581	966,599	1,153,982			2,163,096	2,259,744	1,079,999	1,179,745	62,000		1,117,745
Property	3.04	The Trestles Apartments	2,230,781	1,187,224	1,043,557	12/31/2014	2,219,070	1,202,418	1,016,652	12/31/2013	2,138,449	1,102,822	1,035,627			2,284,188	2,259,919	1,134,009	1,125,910	70,000		1,055,910
Property	3.05	Remington Place Apartments	1,481,031	621,169	859,862	12/31/2014	1,478,200	619,291	858,908	12/31/2013	1,422,488	573,340	849,148			1,408,618	1,500,952	565,956	934,997	34,000		900,997
Property	3.06	The Timbers Apartments	1,585,339	703,074	882,265	12/31/2014	1,580,822	704,442	876,380	12/31/2013	1,423,964	699,094	724,869			1,465,116	1,600,710	652,351	948,359	44,000		904,359
Loan	4	3 Columbus Circle (35)	40,984,976	15,222,578	25,762,399	12/31/2013	33,159,185	13,439,257	19,719,928	12/31/2012	18,447,324	11,173,564	7,273,760	8.8%	8.4%	45,655,928	46,655,003	16,006,943	30,648,061	131,452	1,022,259	29,494,350
Loan	5	Maui Coast Hotel	15,169,700	8,148,106	7,021,595	12/31/2014	14,746,178	8,037,360	6,708,818	12/31/2013	13,235,167	7,689,068	5,546,100	12.1%	11.1%	14,209,391	15,176,452	8,342,962	6,833,491	607,058		6,226,433
Loan	6	Sherman Plaza	7,016,224	2,734,955	4,281,269	12/31/2013	7,444,727	2,699,321	4,745,406	12/31/2012	7,211,601	2,722,397	4,489,204	9.0%	8.3%	7,314,799	7,073,373	2,702,907	4,370,466	53,530	267,648	4,049,288
Loan	7	Hacienda Club	5,129,775	1,545,927	3,583,848	T-6 3/31/2015 Ann.	5,123,795	1,470,354	3,653,441	T-9 3/31/2015 Ann.	4,891,111	1,486,139	3,404,972	8.2%	8.1%	4,766,780	4,997,485	1,705,744	3,291,741	75,000		3,216,741
Loan	8	DoubleTree San Diego (37)	11,436,506	7,018,937	4,417,569	12/31/2014	11,261,298	6,925,408	4,335,890	12/31/2013	10,394,537	6,355,216	4,039,321	10.8%	9.5%	9,357,797	11,436,506	7,487,275	3,949,231	457,460		3,491,771
Loan	9	Lake Arrowhead Village	5,139,164	2,370,885	2,768,279	12/31/2013	5,061,294	2,419,923	2,641,371	12/31/2012	4,916,735	2,397,153	2,519,582	8.8%	8.1%	4,437,983	5,261,015	2,376,103	2,884,912	46,090	172,836	2,665,986
Loan	10	100 Middle Street	4,837,901	1,885,386	2,952,515	12/31/2013	4,586,896	1,850,930	2,735,966	12/31/2012	4,520,413	1,794,245	2,726,168	9.0%	8.7%	4,390,594	4,655,460	1,855,620	2,799,840	39,068	76,662	2,684,110
Loan	11	Luxe Villas	2,301,771	569,286	1,732,485	12/31/2014	2,254,023	567,906	1,686,118	12/31/2013	2,125,887	594,512	1,531,375	6.0%	5.9%	2,716,344	2,450,553	708,281	1,742,272	16,225		1,726,047
Loan	12	SROA Portfolio	4,246,525	1,494,887	2,751,638	12/31/2013	4,070,054	1,275,793	2,794,262					10.5%	10.0%	4,915,721	4,245,343	1,494,828	2,750,515	117,965		2,632,550
Property	12.01	SROA - London	416,825	133,567	283,258	12/31/2013	430,619	123,363	307,256							444,827	416,825	133,567	283,258	7,300		275,958
Property	12.02	SROA - Danville & Danville Outdoor	400,153	151,466	248,687	12/31/2013	390,764	109,442	281,322							467,378	400,153	151,466	248,687	6,739		241,948
Property	12.03	SROA - Ashland	350,210	121,302	228,908	12/31/2013	364,886	111,119	253,767							412,432	350,210	121,302	228,908	7,680		221,228
Property	12.04	SROA - Paintsville & Paintsville additional	447,238	137,859	309,379	12/31/2013	408,998	113,678	295,320							470,069	447,238	137,859	309,379	14,553		294,826
Property	12.05	SROA - Winchester Two (Therese)	297,331	84,922	212,409	12/31/2013	290,998	77,244	213,754							350,929	297,331	84,922	212,409	6,507		205,903
Property	12.06	SROA - Lawrenceburg	274,205	91,083	183,122	12/31/2013	277,134	81,340	195,795							320,611	274,205	91,083	183,122	4,700		178,422
Property	12.07	SROA - Pikeville	320,034	146,312	173,722	12/31/2013	297,016	114,378	182,638							471,369	320,034	146,312	173,722	5,940		167,782
Property	12.08	SROA - Mount Sterling	264,376	83,130	181,245	12/31/2013	265,358	80,946	184,412							310,846	264,376	83,130	181,245	4,600		176,645
Property	12.09	SROA - Wheelersburg I (Duis)	319,630	93,510	226,121	12/31/2013	289,838	80,423	209,415							325,127	319,630	93,510	226,121	7,328		218,793

A-1-10

COMM 2015-CCRE23

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

						Second Most	Second	Second	Second	Third Most	Third	Third	Third
			Most Recent	Most Recent	Most Recent	Recent Operating	Most Recent	Most Recent	Most Recent	Recent Operating	Most Recent	Most Recent	Most Recent	Underwritten NOI	Underwritten NCF	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten
Property Flag	ID	Property Name	EGI ($)	Expenses($)	NOI($)	Statements Date	EGI($)	Expenses($)	NOI($)	Statements Date	EGI($)	Expenses($)	NOI($)	Debt Yield(10)(11)	Debt Yield(10)(11)	Revenue($)	EGI($)	Expenses($)	NOI ($)	Reserves($)	TI/LC($)	NCF ($)(18)
Property	12.10	SROA - Morehead	225,388	78,177	147,211	12/31/2013	195,767	71,317	124,450							251,577	225,388	78,177	147,211	4,725		142,486
Property	12.11	SROA - Berea	169,126	66,779	102,347	12/31/2013	159,437	63,499	95,938							188,326	169,126	66,779	102,347	4,324		98,023
Property	12.12	SROA - Winchester I (Rockwell)	158,547	62,385	96,162	12/31/2013	147,059	51,486	95,573							184,331	158,547	62,385	96,162	2,900		93,262
Property	12.13	SROA - Willard Storage (Walton)	78,865	33,182	45,682	12/31/2013	71,903	27,140	44,763							117,271	78,865	33,182	45,682	4,462		41,220
Property	12.14	SROA - Willard (Tiffin)	113,060	53,160	59,900	12/31/2013	98,189	30,368	67,821							138,963	113,060	53,160	59,900	1,500		58,400
Property	12.15	SROA - Hager Hill	102,452	29,398	73,055	12/31/2013	99,345	25,302	74,042							111,767	102,452	29,398	73,055	9,671		63,384
Property	12.16	SROA - Morehead (Litton)	90,016	27,417	62,599	12/31/2013	80,288	22,193	58,095							95,461	90,016	27,417	62,599	8,844		53,755
Property	12.17	SROA - Wheelersburg II (Ohio River)	56,526	28,928	27,598	12/31/2013	56,082	24,069	32,013							67,603	56,526	28,928	27,598	2,007		25,591
Property	12.18	SROA - Salyersville	49,469	25,555	23,914	12/31/2013	47,941	23,855	24,086							55,982	49,469	25,555	23,914	6,188		17,726
Property	12.19	SROA - Greenwich	32,818	13,121	19,697	12/31/2013	23,767	10,091	13,676							38,129	32,818	13,121	19,697	1,208		18,489
Property	12.20	SROA - West Liberty (Main)	28,412	12,957	15,456	12/31/2013	28,901	10,431	18,470							27,230	27,230	12,898	14,333	2,685		11,648
Property	12.21	SROA - West Liberty (Glen)	22,071	6,885	15,186	12/31/2013	19,547	6,491	13,055							22,809	22,071	6,885	15,186	1,022		14,164
Property	12.22	SROA - Whitesburg	20,561	7,745	12,816	12/31/2013	19,866	12,475	7,391							21,769	20,561	7,745	12,816	2,685		10,132
Property	12.23	SROA - Willard (All-In-One)	9,212	6,048	3,164	12/31/2013	6,352	5,143	1,209							20,914	9,212	6,048	3,164	400		2,764
Loan	13	La Gran Plaza (35)(38)	14,619,363	6,426,107	8,193,256	12/31/2014	14,538,893	6,414,853	8,124,040	12/31/2013	13,955,517	5,990,455	7,965,063	11.2%	10.2%	12,944,458	14,959,722	6,453,393	8,506,329	206,123	566,940	7,733,266
Loan	14	Waltonwood Twelve Oaks	5,076,659	2,385,357	2,691,302	12/31/2013	4,798,683	2,234,750	2,563,933	12/31/2012	4,292,801	1,853,829	2,438,972	10.4%	10.2%	5,709,036	5,016,517	2,428,023	2,588,494	41,700		2,546,794
Loan	15	Star Building	1,909,495	790,001	1,119,494	12/31/2013	1,581,534	678,707	902,827	12/31/2012	556,034	565,756	-9,722	12.0%	11.1%	3,878,252	3,975,069	983,279	2,991,790	14,932	200,769	2,776,089
Loan	16	ART Florida & Ohio MF Portfolio II	4,312,029	2,034,969	2,277,060	12/31/2013	3,916,545	1,764,942	2,151,603					9.5%	8.6%	4,452,497	4,408,058	2,037,850	2,370,208	220,990		2,149,219
Property	16.01	Woodlands	1,595,730	791,179	804,551	12/31/2013	1,465,456	624,106	841,350							1,670,079	1,649,944	792,805	857,139	84,381		772,758
Property	16.02	Annhurst	1,149,921	541,199	608,722	12/31/2013	1,088,858	492,021	596,837							1,196,880	1,216,266	543,189	673,077	55,323		617,754
Property	16.03	Miguel Place	558,744	230,415	328,329	12/31/2013	477,382	218,137	259,245							599,868	540,706	229,874	310,832	29,664		281,168
Property	16.04	Oakwood Village	480,747	230,391	250,356	12/31/2013	390,636	208,885	181,751							472,225	474,732	230,211	244,521	25,246		219,275
Property	16.05	Timbercreek	526,887	241,785	285,102	12/31/2013	494,213	221,793	272,420							513,444	526,410	241,770	284,640	26,376		258,264
Loan	17	Wexford Portfolio (38)	2,480,797	930,949	1,549,848	12/31/2014	2,419,476	939,285	1,480,191	12/31/2013	2,575,333	1,116,206	1,459,127	7.8%	7.5%	3,278,520	2,720,026	1,052,407	1,667,618	48,250		1,619,368
Property	17.01	Capitol East Apartments	1,628,313	554,604	1,073,708	12/31/2014	1,608,287	563,641	1,044,646	12/31/2013	1,665,018	717,209	947,809			2,005,800	1,707,317	627,252	1,080,065	30,000		1,050,065
Property	17.02	Lexington Apartments	592,468	244,393	348,075	12/31/2014	554,480	243,379	311,101	12/31/2013	640,324	262,481	377,843			831,120	727,648	276,254	451,394	12,000		439,394
Property	17.03	1825 Maryland	260,016	131,952	128,064	12/31/2014	256,708	132,265	124,443	12/31/2013	269,991	136,516	133,475			441,600	285,061	148,902	136,159	6,250		129,909
Loan	18	Portage Crossing Shopping Center												7.9%	7.5%	2,134,979	2,391,518	728,309	1,663,209	18,081	71,143	1,573,985
Loan	19	Holiday Inn Manhattan View	7,507,555	3,848,331	3,659,224	12/31/2013	7,669,638	3,918,899	3,750,739	12/31/2012	7,564,383	3,976,509	3,587,874	11.8%	10.4%	7,199,182	7,518,555	5,054,454	2,464,101	300,742		2,163,359
Loan	20	DoubleTree Norwalk	10,154,718	7,627,073	2,527,645	12/31/2014	9,955,869	7,510,242	2,445,627	12/31/2013	9,191,663	7,235,320	1,956,343	12.4%	10.4%	8,694,109	10,148,218	7,650,116	2,498,102	405,929		2,092,174
Loan	21	Champaign Portfolio	3,370,005	1,276,501	2,093,504	12/31/2013	3,171,295	1,110,145	2,061,150	12/31/2012	3,032,665	1,151,164	1,881,501	9.6%	8.1%	3,112,665	3,157,748	1,246,354	1,911,394	108,123	181,014	1,622,258
Property	21.01	2110 Fox Drive
Property	21.02	1906 Fox Drive
Property	21.03	2004 Fox Drive
Property	21.04	Shoppes of Knollwood 1
Property	21.05	Shoppes of Knollwood 2
Property	21.06	1806 Fox Drive
Property	21.07	2107 Neil
Property	21.08	2302 Fox Drive
Property	21.09	201 Knollwood
Property	21.10	1802 Fox Drive
Loan	22	260 California San Francisco	1,850,520	786,647	1,063,873	12/31/2013	1,498,518	780,612	717,907	12/31/2012	1,045,894	712,396	333,498	8.7%	8.2%	2,615,773	2,540,826	831,790	1,709,036	10,026	77,725	1,621,285
Loan	23	525 Park Avenue	1,231,674	24,633	1,207,041									6.4%	6.3%	1,231,674	1,170,090	23,402	1,146,688	3,694		1,142,994
Loan	24	Winterwood Pavilion	1,637,225	636,452	1,000,774	12/31/2013	1,236,471	647,430	589,042	12/31/2012	1,560,876	625,615	935,260	8.7%	8.0%	1,819,842	2,275,982	712,916	1,563,066	27,244	102,164	1,433,659
Loan	25	Equus Business Center	2,276,752	763,882	1,512,871	12/31/2013	2,211,207	701,710	1,509,497	12/31/2012	2,321,843	761,759	1,560,084	9.5%	8.7%	2,737,474	2,424,860	761,087	1,663,772	53,727	89,545	1,520,500
Loan	26	Jordan Creek-Westwood Apartments	2,690,774	1,232,383	1,458,391	12/31/2013	2,619,451	1,193,214	1,426,236	12/31/2012	2,581,744	1,148,535	1,433,209	9.1%	8.5%	2,841,400	2,731,534	1,205,942	1,525,591	88,500		1,437,091
Property	26.01	Jordan Creek Apartments	1,657,356	782,671	874,685	12/31/2013	1,616,716	750,054	866,662	12/31/2012	1,638,638	706,770	931,868			1,763,002	1,676,085	765,682	910,403	55,500		854,903
Property	26.02	Westwood Apartments	1,033,418	449,712	583,706	12/31/2013	1,002,735	443,160	559,575	12/31/2012	943,106	441,765	501,341			1,078,398	1,055,449	440,260	615,189	33,000		582,189
Loan	27	Montara Village (38)	3,712,000	1,665,670	2,046,330	12/31/2014	3,675,059	1,672,933	2,002,126	12/31/2013	3,501,076	1,818,540	1,682,536	12.4%	11.4%	4,117,224	3,748,812	1,664,648	2,084,165	177,160		1,907,005
Loan	28	Walgreens Portfolio (35)												8.3%	8.2%	10,047,763	10,072,543	201,451	9,871,092	89,294		9,781,797
Property	28.01	Walgreens- River Falls														440,353	437,643	8,753	428,890			428,890
Property	28.02	Walgreens- Forrest City														407,433	404,926	8,099	396,828			396,828
Property	28.03	Walgreens- Saint Louis (Lusher)														402,395	401,825	8,037	393,789	1,966		391,823
Property	28.04	Walgreens- Saint Louis (Lemay)														386,432	391,378	7,828	383,551	7,550		376,000
Property	28.05	Walgreens- Saint Charles														386,064	384,298	7,686	376,612	629		375,984
Property	28.06	Walgreens- Toledo														365,845	370,200	7,404	362,796	6,810		355,985
Property	28.07	Walgreens- Birmingham														361,250	365,627	7,313	358,314	6,804		351,510
Property	28.08	Walgreens- La Vista														359,118	358,429	7,169	351,260	1,568		349,692
Property	28.09	Walgreens- Olathe														356,110	356,347	7,127	349,220	2,503		346,717
Property	28.10	Walgreens- Arkadelphia														356,961	354,764	7,095	347,668			347,668
Property	28.11	Walgreens- Franklin														356,559	361,362	7,227	354,134	7,213		346,922
Property	28.12	Walgreens- Cincinnati														357,276	357,100	7,142	349,958	2,086		347,873
Property	28.13	Walgreens- Malvern														350,460	348,444	6,969	341,475	146		341,330
Property	28.14	Walgreens- Bartlett (5950)														349,425	349,915	6,998	342,917	2,722		340,195
Property	28.15	Walgreens- Bartlett (6697)														349,425	354,168	7,083	347,085	7,106		339,978
Property	28.16	Walgreens- Mount Washington														347,492	351,679	7,034	344,645	6,521		338,125
Property	28.17	Walgreens- Florence														347,444	345,449	6,909	338,540	148		338,392
Property	28.18	Walgreens- Little Rock														347,644	352,111	7,042	345,069	6,810		338,258
Property	28.19	Walgreens- Evansville														339,517	343,359	6,867	336,492	6,115		330,377
Property	28.20	Walgreens- Oklahoma City														333,842	333,541	6,671	326,870	1,808		325,062
Property	28.21	Walgreens- Hobart														327,427	327,026	6,541	320,485	1,663		318,822
Property	28.22	Walgreens- Memphis														319,740	319,660	6,393	313,267	1,947		311,320
Property	28.23	Walgreens- Oakland														315,694	315,605	6,312	309,293	1,911		307,382
Property	28.24	Walgreens- Knoxville														314,340	314,159	6,283	307,876	1,808		306,069
Property	28.25	Walgreens- Decatur														307,512	311,242	6,225	305,017	5,796		299,221
Property	28.26	Walgreens- Sioux Falls														306,527	304,641	6,093	298,548			298,548
Property	28.27	Walgreens- Enterprise														300,931	299,223	5,984	293,238	148		293,090
Property	28.28	Walgreens- Tulsa														284,230	282,733	5,655	277,079	260		276,819
Property	28.29	Walgreens- Michigan City														270,313	275,689	5,514	270,175	7,258		262,918
Loan	29	Lakeshore - Holiday Plaza MHC	1,813,802	524,151	1,289,651	12/31/2013	1,735,479	516,281	1,219,198	12/31/2012	1,638,178	489,997	1,148,181	9.0%	8.9%	1,822,632	1,876,625	501,789	1,374,835	15,061		1,359,775
Loan	30	Belle Villa MHC	2,117,768	529,309	1,588,459	12/31/2013	2,074,539	460,798	1,613,741	12/31/2012	1,946,880	466,776	1,480,104	9.7%	9.6%	2,544,624	2,194,590	824,793	1,369,798	16,880		1,352,918
Loan	31	Highland Park Apartments (38)	1,838,709	758,219	1,080,490	12/31/2013	1,802,949	723,386	1,079,564	12/31/2012	1,638,001	761,979	876,021	8.8%	8.3%	1,823,676	1,874,814	779,925	1,094,889	61,992		1,032,897
Loan	32	Pomona Office Tower	1,885,231	931,637	953,594	12/31/2013	1,769,006	826,456	942,550	12/31/2012	1,872,702	803,560	1,069,142	9.6%	8.2%	2,405,455	2,094,973	987,657	1,107,315	29,028	139,178	939,109
Loan	33	Preston Plano Parkway	1,564,526	553,619	1,010,907	12/31/2013	1,501,234	520,091	981,143	12/31/2012	1,474,745	492,733	982,012	10.3%	9.5%	1,338,955	1,788,180	618,444	1,169,736	9,343	84,560	1,075,833
Loan	34	College Station and The Polos Apartments	2,212,811	1,281,980	930,831	12/31/2013	2,114,360	1,364,149	750,211	12/31/2012	2,363,432	1,286,292	1,077,140	11.9%	10.8%	2,912,512	2,699,688	1,404,526	1,295,161	112,950		1,182,211
Loan	35	Washington Square Plaza	1,892,342	876,815	1,015,527	12/31/2014	1,879,622	887,471	992,150	12/31/2013	1,908,202	847,343	1,060,859	11.2%	9.9%	1,669,691	2,075,051	850,569	1,224,482	22,916	117,866	1,083,701
Loan	36	Aspire Center												9.4%	8.6%	1,083,393	1,184,853	317,041	867,812	9,361	62,638	795,813
Loan	37	Plaza Square North	1,588,023	784,950	803,074	12/31/2013	1,427,821	742,520	685,301	12/31/2012	1,762,032	746,413	1,015,619	10.6%	8.7%	2,020,440	1,838,601	869,109	969,492	20,051	150,381	799,060
Loan	38	8500 Valcour Industrial	2,050,304	752,536	1,297,768	12/31/2013	1,759,378	478,184	1,281,194	12/31/2012	1,737,928	485,954	1,251,974	10.7%	9.1%	1,551,080	1,787,252	808,011	979,241	49,000	98,000	832,241
Loan	39	Hillcrest Heights Shopping Center	989,421	437,241	552,180	12/31/2013	961,162	412,698	548,464	12/31/2012	1,124,429	414,256	710,173	8.4%	7.8%	1,075,267	1,182,599	423,963	758,636	13,028	44,895	700,713
Loan	40	Utica Medical Center	1,419,718	322,438	1,097,280	12/31/2013	1,429,806	278,769	1,151,038	12/31/2012	1,387,015	252,808	1,134,207	10.0%	9.4%	979,572	1,150,777	349,012	801,765	8,905	44,526	748,334
Loan	41	Hollywood Self Storage	1,454,749	640,124	814,626	12/31/2013	1,404,231	547,734	856,498	12/31/2012	1,321,326	572,941	748,385	11.6%	11.2%	1,734,996	1,561,764	639,197	922,566	31,052		891,514

A-1-11

COMM 2015-CCRE23

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

						Second Most	Second	Second	Second	Third Most	Third	Third	Third
			Most Recent	Most Recent	Most Recent	Recent Operating	Most Recent	Most Recent	Most Recent	Recent Operating	Most Recent	Most Recent	Most Recent	Underwritten NOI	Underwritten NCF	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten	Underwritten
Property Flag	ID	Property Name	EGI ($)	Expenses($)	NOI($)	Statements Date	EGI($)	Expenses($)	NOI($)	Statements Date	EGI($)	Expenses($)	NOI($)	Debt Yield(10)(11)	Debt Yield(10)(11)	Revenue($)	EGI($)	Expenses($)	NOI ($)	Reserves($)	TI/LC($)	NCF ($)(18)
Property	41.01	Evans
Property	41.02	Belair
Property	41.03	Martinez
Loan	42	Broadway Central	1,070,955	374,540	696,415	12/31/2014	1,069,379	387,333	682,046	12/31/2013	1,011,676	360,859	650,817	8.6%	8.2%	732,393	1,064,586	389,522	675,065	5,451	27,247	642,366
Loan	43	One Tower Creek	1,632,673	837,352	795,321	12/31/2013	1,575,713	733,721	841,992	12/31/2012	1,549,700	805,878	743,822	10.7%	8.7%	1,777,438	1,689,629	847,590	842,039	19,755	141,247	681,038
Loan	44	North Park Mixed Use (38)												6.8%	6.6%	747,912	717,926	189,922	528,004	12,048		515,956
Loan	45	Residence Inn Phoenix	3,674,283	2,735,666	938,617	12/31/2013	3,081,070	2,526,405	554,665	12/31/2012	2,357,950	2,135,000	222,950	13.0%	11.1%	3,596,927	3,674,283	2,701,832	972,451	146,971		825,480
Loan	46	Holiday Inn Express Cool Springs	2,850,378	1,668,129	1,182,249	12/31/2013	1,360,448	1,021,277	339,171	12/31/2012	853,356	721,691	131,665	16.4%	14.8%	2,964,077	2,991,077	1,764,931	1,226,146	119,643		1,106,503
Loan	47	Holiday Inn Express - Poughkeepsie	3,502,122	2,575,976	926,146	12/31/2013	3,274,489	2,490,691	783,798	12/31/2012	3,339,105	2,524,330	814,775	12.2%	10.4%	3,476,428	3,502,234	2,591,126	911,108	140,089		771,019
Loan	48	IAA Brighton												18.6%	17.8%	1,425,912	1,393,651	41,810	1,351,842	52,874		1,298,968
Loan	49	1815 Griffin Road	1,394,267	717,638	676,629	12/31/2013	1,240,475	720,010	520,465	12/31/2012	1,125,710	752,712	372,998	10.0%	8.7%	1,587,303	1,357,342	660,699	696,643	14,550	73,715	608,378
Loan	50	9061 Euclid Avenue	1,033,443	422,540	610,903	12/31/2013	1,038,422	395,808	642,615	12/31/2012	970,249	312,167	658,081	9.7%	9.0%	863,656	1,055,601	379,969	675,632	18,554	27,831	629,248
Loan	51	Riverview MHC	934,517	346,799	587,718	12/31/2013	789,846	262,076	527,770	12/31/2012	800,596	244,405	556,191	8.1%	7.9%	939,144	901,653	356,242	545,411	7,847		537,564
Loan	52	Hampton Inn Titusville	2,482,601	1,606,906	875,695	12/31/2014	2,426,228	1,587,965	838,263	12/31/2013	1,936,481	1,412,740	523,741	12.5%	11.0%	2,453,724	2,479,442	1,667,632	811,810	99,178		712,632
Loan	53	Hampton Inn Terre Haute	2,718,666	1,962,826	755,840	12/31/2013	2,529,245	1,802,652	726,593	12/31/2012	2,509,673	1,804,733	704,940	13.7%	12.0%	2,717,934	2,754,619	1,868,695	885,924	110,185		775,739
Loan	54	Holiday Inn Express Pauls Valley	2,641,421	1,367,728	1,273,693	12/31/2014	2,642,760	1,408,668	1,234,092	12/31/2013	2,149,042	1,166,074	982,968	15.3%	13.9%	2,142,475	2,150,616	1,233,316	917,300	86,025		831,275
Loan	55	Ridge Plaza Shopping Center	804,525	255,015	549,510	12/31/2013	770,434	247,906	522,528	12/31/2012	536,989	198,919	338,070	9.5%	8.9%	680,378	813,286	255,729	557,556	7,449	22,315	527,792
Loan	56	StoreSmart Rockledge	795,585	379,285	416,300	12/31/2014	757,165	384,664	372,500	12/31/2013	578,225	360,055	218,170	9.0%	8.8%	1,184,263	865,531	373,175	492,356	10,994		481,361
Loan	57	The Residences at Summit View	1,215,968	707,798	508,170	12/31/2013	1,194,264	627,289	566,975	12/31/2012	1,140,053	649,785	490,268	9.3%	8.4%	1,227,776	1,237,907	734,394	503,513	52,800		450,713
Loan	58	Paradise Valley Ranch MHC	700,412	214,126	486,286	12/31/2013	731,030	242,207	488,823	12/31/2012	719,818	211,617	508,201	9.3%	9.1%	652,380	724,560	231,622	492,938	8,200		484,738
Loan	59	HomeGoods Thousand Oaks	517,604	57,446	460,158	12/31/2013	516,595	68,236	448,358	12/31/2012	495,173	54,821	440,353	8.4%	7.9%	471,046	497,197	60,614	436,583	6,554	19,115	410,914
Loan	60	CVS McDonough	452,036	41,476	410,560	12/31/2013	451,733	41,173	410,560	12/31/2012	451,787	41,227	410,560	7.5%	7.5%	410,560	438,475	50,245	388,229	1,301		386,928
Loan	61	StoreSmart Naples	739,582	352,303	387,279	12/31/2014	717,496	362,764	354,733	12/31/2013	640,960	353,053	287,908	8.3%	8.2%	1,076,063	739,582	333,446	406,136	5,510		400,626
Loan	62	Americana Apartments	741,838	306,824	435,013	12/31/2014	738,673	305,875	432,797	12/31/2013	733,940	316,291	417,648	9.1%	8.4%	714,339	732,320	319,471	412,849	30,859		381,990
Loan	63	Country Inn & Suites Sioux Falls, SD	1,822,434	1,204,945	617,489	12/31/2013	1,739,218	1,118,201	621,018	12/31/2012	1,551,192	1,028,712	522,480	12.8%	11.2%	1,722,933	1,777,282	1,203,852	573,430	71,091		502,338
Loan	64	Hampton Inn Marshall	1,477,765	893,852	583,913	12/31/2014	1,475,367	899,000	576,367	12/31/2013	1,612,264	969,291	642,974	12.4%	11.0%	1,466,174	1,477,765	946,688	531,077	59,111		471,967
Loan	65	Fresenius Chicago	427,140		427,140									9.7%	9.1%	427,140	414,326	8,287	406,039	2,034	20,340	383,665
Loan	66	Ohio Plaza	846,002	260,035	585,967	12/31/2013	667,299	206,566	460,733	12/31/2012	686,456	191,559	494,897	13.8%	12.4%	815,215	782,092	228,889	553,203	17,475	41,583	494,145
Loan	67	La Quinta Inn & Suites Blue Springs	1,060,809	591,270	469,539	12/31/2013	933,700	552,303	381,398	12/31/2012	981,920	573,127	408,793	11.9%	10.1%	1,060,809	1,060,809	596,844	463,965	68,953		395,013
Loan	68	Stonegate Apartments	813,136	370,570	442,566	12/31/2013	796,904	371,320	425,584	12/31/2012	775,783	360,247	415,536	9.9%	9.4%	812,352	801,918	414,881	387,037	23,000		364,037
Loan	69	Derby Hills MHC	562,140	154,784	407,356	12/31/2013	474,696	173,548	301,148	12/31/2012	523,489	250,167	273,322	10.4%	10.3%	588,120	562,070	157,788	404,283	6,127		398,156
Loan	70	Marquis Apartments	579,295	207,947	371,348	12/31/2013	555,029	223,960	331,069	12/31/2012	552,939	170,569	382,370	8.8%	8.6%	537,600	559,248	230,173	329,075	5,145		323,930
Loan	71	Deere Road Industrial Park	1,093,317	396,250	697,067	12/31/2013	1,062,939	401,959	660,980	12/31/2012	972,274	378,858	593,416	15.2%	12.2%	851,746	1,044,451	481,194	563,257	40,311	69,724	453,223
Loan	72	Comfort Suites at the University Conway, SC	1,602,864	1,101,642	501,222	12/31/2013	1,409,511	985,657	423,854	12/31/2012	1,220,483	863,371	357,112	13.1%	11.3%	1,567,252	1,602,864	1,131,737	471,127	64,115		407,013
Loan	73	Stardust MHC	633,639	345,577	288,062	12/31/2014	626,034	339,184	286,850	12/31/2013	603,537	326,753	276,784	8.3%	8.2%	506,167	620,049	326,102	293,947	5,562		288,385
Loan	74	Alta Vista MHC	608,630	287,679	320,951	12/31/2013	649,448	254,739	394,709	12/31/2012	738,197	198,511	539,686	10.4%	10.2%	739,800	628,830	273,167	355,663	6,850		348,813
Loan	75	47-30 & 31 Vernon Blvd	418,218	55,632	362,586	12/31/2013	397,050	55,584	341,466	12/31/2012	374,432	45,318	329,114	9.1%	8.9%	151,800	389,438	89,254	300,184	5,350		294,834
Loan	76	Chaparral Ranch MHC	333,887	93,290	240,597	12/31/2013	334,360	84,539	249,821	12/31/2012	325,296	78,125	247,171	9.6%	9.4%	370,679	355,282	92,399	262,884	6,363		256,521
Loan	77	Monument Meadow	415,616	174,996	240,620	12/31/2013	425,492	179,534	245,958	12/31/2012	407,908	175,480	232,428	9.7%	9.5%	441,000	427,577	195,076	232,501	4,900		227,601
Loan	78	Townhouse MHC	305,311	125,693	179,619	12/31/2013	302,715	137,156	165,559	12/31/2012	302,929	135,620	167,309	10.0%	9.9%	314,640	326,326	126,967	199,359	3,450		195,909
Loan	79	CVS Plano	364,527		364,527	12/31/2013	364,527		364,527	12/31/2012	364,527		364,527	21.0%	21.0%	364,527	357,236	7,145	350,092			350,092
Loan	80	Dollar General - Paynesville (38)												10.3%	10.2%	89,014	85,860	2,576	83,284	1,365		81,919
Loan	81	Dollar General - Yorktown (38)												10.2%	10.0%	85,739	82,958	2,489	80,469	1,585		78,884
Loan	82	Dollar General - St. Francis (38)												10.1%	9.9%	79,034	76,621	2,299	74,323	1,350		72,972
Loan	83	Dollar General - Battle Lake (38)												10.1%	9.9%	77,992	75,389	2,262	73,127	1,365		71,762

A-1-12

COMM 2015-CCRE23

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

Ownership

Ground Lease

Lease

Property Flag

Property Name

Interest(19)

Expiration(20)

Extension Terms(20)

Largest Tenant(21)(22)(23)(24)

Expiration(22)

2nd Largest Tenant(21)(22)(23)(24)(25)(26)

Expiration(22)

3rd Largest Tenant(21)(22)(23)(24)

Loan

9200 & 9220 Sunset (35)

Fee Simple

Mosaic Media Group

23,825

08/31/2018

SoHo House

21,625

02/28/2025

S&F Management Company

21,565

Loan

Courtyard by Marriott Portfolio (35)(36)

Various

Property

2.01

Courtyard Larkspur Landing Marin County

Fee Simple

NAP

Property

2.02

Courtyard San Mateo Foster City

Fee Simple

NAP

Property

2.03

Courtyard San Jose Cupertino

Leasehold

12/30/2033

3, 10 year options

NAP

Property

2.04

Courtyard Boulder

Fee Simple

NAP

Property

2.05

Courtyard Los Angeles Hacienda Heights

Fee Simple

NAP

Property

2.06

Courtyard Seattle South Center

Fee Simple

NAP

Property

2.07

Courtyard Rye

Fee Simple

NAP

Property

2.08

Courtyard Nashville Airport

Fee Simple

NAP

Property

2.09

Courtyard Los Angeles Torrance Palos Verdes

Fee Simple

NAP

Property

2.10

Courtyard St. Louis Creve Coeur

Fee Simple

NAP

Property

2.11

Courtyard Portland Beaverton

Fee Simple

NAP

Property

2.12

Courtyard Palm Springs

Fee Simple

NAP

Property

2.13

Courtyard Charlotte South Park

Leasehold

12/31/2019

3, 10 year options

NAP

Property

2.14

Courtyard Norwalk

Leasehold

12/29/2023

8, 5 year options

NAP

Property

2.15

Courtyard Detroit Metro Airport

Fee Simple

NAP

Property

2.16

Courtyard Chicago Waukegan Gurnee

Fee Simple

NAP

Property

2.17

Courtyard Atlanta Perimeter Center

Fee Simple

NAP

Property

2.18

Courtyard Denver Tech Center

Fee Simple

NAP

Property

2.19

Courtyard Ft. Lauderdale Plantation

Fee Simple

NAP

Property

2.20

Courtyard Lincroft Red Bank

Fee Simple

NAP

Property

2.21

Courtyard Chicago Highland Park

Fee Simple

NAP

Property

2.22

Courtyard Charlottesville North

Fee Simple

NAP

Property

2.23

Courtyard Raleigh Cary

Fee Simple

NAP

Property

2.24

Courtyard Detroit Livonia

Fee Simple

NAP

Property

2.25

Courtyard Birmingham Homewood

Fee Simple

NAP

Property

2.26

Courtyard West Palm Beach

Fee Simple

NAP

Property

2.27

Courtyard New Haven Wallingford

Fee Simple

NAP

Property

2.28

Courtyard Dallas Plano Parkway

Fee Simple

NAP

Property

2.29

Courtyard Chicago Oakbrook Terrace

Fee Simple

NAP

Property

2.30

Courtyard Boston Andover

Fee Simple

NAP

Property

2.31

Courtyard Kansas City Overland Park Metcalf

Fee Simple

NAP

Property

2.32

Courtyard Minneapolis St Paul Airport

Fee Simple

NAP

Property

2.33

Courtyard Bakersfield

Fee Simple

NAP

Property

2.34

Courtyard Denver Stapleton

Fee Simple

NAP

Property

2.35

Courtyard Rockford

Fee Simple

NAP

Property

2.36

Courtyard Greenville Haywood Mall

Fee Simple

NAP

Property

2.37

Courtyard St. Louis Westport Plaza

Fee Simple

NAP

Property

2.38

Courtyard Chicago Lincolnshire

Fee Simple

NAP

Property

2.39

Courtyard San Antonio Downtown Market Square

Fee Simple

NAP

Property

2.40

Courtyard Indianapolis Castleton

Fee Simple

NAP

Property

2.41

Courtyard Silver Spring North

Fee Simple

NAP

Property

2.42

Courtyard Lexington North

Fee Simple

NAP

Property

2.43

Courtyard Tampa Westshore

Leasehold

06/30/2068

None

NAP

Property

2.44

Courtyard Chicago Deerfield

Fee Simple

NAP

Property

2.45

Courtyard St. Petersburg Clearwater

Fee Simple

NAP

Property

2.46

Courtyard Toledo Airport Holland

Fee Simple

NAP

Property

2.47

Courtyard Phoenix Mesa

Fee Simple

NAP

Property

2.48

Courtyard Atlanta Airport South

Fee Simple

NAP

Property

2.49

Courtyard Memphis Airport

Fee Simple

NAP

Property

2.50

Courtyard Oklahoma City Airport

Fee Simple

NAP

Property

2.51

Courtyard Annapolis

Fee Simple

NAP

Property

2.52

Courtyard Manassas

Fee Simple

NAP

Property

2.53

Courtyard Little Rock

Fee Simple

NAP

Property

2.54

Courtyard Ft. Myers

Fee Simple

NAP

Property

2.55

Courtyard Atlanta Gwinnett Mall

Fee Simple

NAP

Property

2.56

Courtyard Chicago Arlington Heights South

Fee Simple

NAP

Property

2.57

Courtyard Dallas Richardson at Spring Valley

Fee Simple

NAP

Property

2.58

Courtyard Huntsville

Fee Simple

NAP

Property

2.59

Courtyard Birmingham Hoover

Fee Simple

NAP

Property

2.60

Courtyard Phoenix North Metrocenter

Fee Simple

NAP

Property

2.61

Courtyard Tucson Airport

Fee Simple

NAP

Property

2.62

Courtyard Dayton South Mall

Fee Simple

NAP

Property

2.63

Courtyard Philadelphia Devon

Leasehold

01/01/2018

2, 10 year options

NAP

Property

2.64

Courtyard Fresno

Leasehold

06/30/2024

None

NAP

Property

2.65

Courtyard Poughkeepsie

Leasehold

12/29/2018

3, 5 year options

NAP

Loan

DFW / Raleigh Portfolio

Fee Simple

Property

3.01

Sutter Creek Apartments

Fee Simple

NAP

Property

3.02

Copper Crossing Apartments

Fee Simple

NAP

Property

3.03

Estrada Oaks Apartments

Fee Simple

NAP

Property

3.04

The Trestles Apartments

Fee Simple

NAP

Property

3.05

Remington Place Apartments

Fee Simple

NAP

Property

3.06

The Timbers Apartments

Fee Simple

NAP

Loan

3 Columbus Circle (35)

Fee Simple

Y&R

159,394

07/31/2033

Emerge212

57,359

02/29/2028

Gilder Gagnon Howe & Co.

36,076

Loan

Maui Coast Hotel

Fee Simple

NAP

Loan

Sherman Plaza

Fee Simple

North Los Angeles Regional Center, Inc.

78,727

02/29/2020

The State of California

47,394

Various

GSA - Public Buildings Service

26,163

Loan

Hacienda Club

Fee Simple

NAP

Loan

DoubleTree San Diego (37)

Fee Simple

NAP

Loan

Lake Arrowhead Village

Fee Simple

Stater Bros.

33,580

09/30/2020

Bank of America

11,500

03/31/2025

United States Postal Service

9,000

Loan

100 Middle Street

Fee Simple

BSSN

56,275

12/31/2022

GSA

40,032

Various

Berry Dunn

35,578

Loan

Luxe Villas

Fee Simple

NAP

Loan

SROA Portfolio

Fee Simple

Property

12.01

SROA - London

Fee Simple

NAP

Property

12.02

SROA - Danville & Danville Outdoor

Fee Simple

NAP

Property

12.03

SROA - Ashland

Fee Simple

NAP

Property

12.04

SROA - Paintsville & Paintsville additional

Fee Simple

NAP

Property

12.05

SROA - Winchester Two (Therese)

Fee Simple

NAP

Property

12.06

SROA - Lawrenceburg

Fee Simple

NAP

Property

12.07

SROA - Pikeville

Fee Simple

NAP

Property

12.08

SROA - Mount Sterling

Fee Simple

NAP

Property

12.09

SROA - Wheelersburg I (Duis)

Fee Simple

NAP

A-1-13

COMM 2015-CCRE23

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

Ownership

Ground Lease

Lease

Property Flag

Property Name

Interest(19)

Expiration(20)

Extension Terms(20)

Largest Tenant(21)(22)(23)(24)

Expiration(22)

2nd Largest Tenant(21)(22)(23)(24)(25)(26)

Expiration(22)

3rd Largest Tenant(21)(22)(23)(24)

Property

12.10

SROA - Morehead

Fee Simple

NAP

Property

12.11

SROA - Berea

Fee Simple

NAP

Property

12.12

SROA - Winchester I (Rockwell)

Fee Simple

NAP

Property

12.13

SROA - Willard Storage (Walton)

Fee Simple

NAP

Property

12.14

SROA - Willard (Tiffin)

Fee Simple

NAP

Property

12.15

SROA - Hager Hill

Fee Simple

NAP

Property

12.16

SROA - Morehead (Litton)

Fee Simple

NAP

Property

12.17

SROA - Wheelersburg II (Ohio River)

Fee Simple

NAP

Property

12.18

SROA - Salyersville

Fee Simple

NAP

Property

12.19

SROA - Greenwich

Fee Simple

NAP

Property

12.20

SROA - West Liberty (Main)

Fee Simple

NAP

Property

12.21

SROA - West Liberty (Glen)

Fee Simple

NAP

Property

12.22

SROA - Whitesburg

Fee Simple

NAP

Property

12.23

SROA - Willard (All-In-One)

Fee Simple

NAP

Loan

La Gran Plaza (35)(38)

Fee Simple

Mercado (Zocalo Property, LP)

124,271

04/06/2027

Burlington Coat Factory of Texas, L.P

80,000

04/30/2018

Fiesta Mart Inc

58,500

Loan

Waltonwood Twelve Oaks

Fee Simple

NAP

Loan

Star Building

Fee Simple

Navient Solutions, Inc.

45,677

09/30/2022

Grant & Eisenhofer, P.A.

35,816

06/30/2027

Unicare Life & Health Insurance

21,824

Loan

ART Florida & Ohio MF Portfolio II

Fee Simple

Property

16.01

Woodlands

Fee Simple

NAP

Property

16.02

Annhurst

Fee Simple

NAP

Property

16.03

Miguel Place

Fee Simple

NAP

Property

16.04

Oakwood Village

Fee Simple

NAP

Property

16.05

Timbercreek

Fee Simple

NAP

Loan

Wexford Portfolio (38)

Fee Simple

Property

17.01

Capitol East Apartments

Fee Simple

NAP

Property

17.02

Lexington Apartments

Fee Simple

NAP

Property

17.03

1825 Maryland

Fee Simple

NAP

Loan

Portage Crossing Shopping Center

Fee Simple

L.A. Fitness

45,000

11/30/2030

Cinemark

34,785

12/31/2029

Pet Supply Plus

10,033

Loan

Holiday Inn Manhattan View

Leasehold

12/31/2113

None

NAP

Loan

DoubleTree Norwalk

Fee Simple

NAP

Loan

Champaign Portfolio

Fee Simple

Property

21.01

2110 Fox Drive

Fee Simple

Christie Clinic

14,974

12/31/2018

Aetna/Coventry Health

14,014

11/30/2017

NAP

Property

21.02

1906 Fox Drive

Fee Simple

Intel

25,000

08/31/2016

NAP

Property

21.03

2004 Fox Drive

Fee Simple

Westchester Group, Inc.

9,100

02/28/2017

Finisar

2,500

07/31/2015

Yettke & Rapp, LLC

2,500

Property

21.04

Shoppes of Knollwood 1

Fee Simple

Spa Envy

3,800

MTM

First Mid-Illinois Bank & Trust

3,496

08/31/2017

Le Peep

3,200

Property

21.05

Shoppes of Knollwood 2

Fee Simple

The Eye Center, LLC

3,200

06/30/2018

Suzi Davis Travel

3,200

08/31/2015

U of I - DIA

3,062

Property

21.06

1806 Fox Drive

Fee Simple

RSM McGladrey

11,631

06/30/2016

Morgan Stanley

5,065

03/31/2016

Capital Agriculture

1,400

Property

21.07

2107 Neil

Fee Simple

Wells Fargo Insurance Service

17,500

12/31/2019

Quest Diagnostics L.L.C.

2,500

10/31/2015

NAP

Property

21.08

2302 Fox Drive

Fee Simple

The Warranty Group

9,500

05/31/2019

McLeod USA Data Room

1,050

05/31/2018

NAP

Property

21.09

201 Knollwood

Fee Simple

Pfister Seed Company

7,230

07/31/2017

NAP

Property

21.10

1802 Fox Drive

Fee Simple

Investment Planners

1,800

09/30/2015

Noel Farms

1,200

10/31/2015

NAP

Loan

260 California San Francisco

Fee Simple

Demeterr

4,929

01/31/2017

Bebop

4,608

07/31/2022

Hinman & Carmichael

4,608

Loan

525 Park Avenue

Fee Simple

Park Avenue Radiologists, P.C.

14,777

09/20/2033

NAP

Loan

Winterwood Pavilion

Fee Simple

DD’s

22,285

01/31/2025

Dollar General

21,791

01/21/2022

Planet Fitness

20,192

Loan

Equus Business Center

Fee Simple

Prime Foods, LLC

6,600

MTM

Jose Alberto Garcia

5,801

11/30/2016

OWO Inc.

5,256

Loan

Jordan Creek-Westwood Apartments

Fee Simple

Property

26.01

Jordan Creek Apartments

Fee Simple

NAP

Property

26.02

Westwood Apartments

Fee Simple

NAP

Loan

Montara Village (38)

Fee Simple

NAP

Loan

Walgreens Portfolio (35)

Fee Simple

Property

28.01

Walgreens- River Falls

Fee Simple

Walgreens

14,490

11/30/2029

NAP

Property

28.02

Walgreens- Forrest City

Fee Simple

Walgreens

14,550

11/30/2029

NAP

Property

28.03

Walgreens- Saint Louis (Lusher)

Fee Simple

Walgreens

16,380

11/30/2029

NAP

Property

28.04

Walgreens- Saint Louis (Lemay)

Fee Simple

Walgreens

15,730

11/30/2029

NAP

Property

28.05

Walgreens- Saint Charles

Fee Simple

Walgreens

15,715

11/30/2029

NAP

Property

28.06

Walgreens- Toledo

Fee Simple

Walgreens

14,490

11/30/2029

NAP

Property

28.07

Walgreens- Birmingham

Fee Simple

Walgreens

15,120

11/30/2029

NAP

Property

28.08

Walgreens- La Vista

Fee Simple

Walgreens

15,680

11/30/2029

NAP

Property

28.09

Walgreens- Olathe

Fee Simple

Walgreens

13,905

11/30/2029

NAP

Property

28.10

Walgreens- Arkadelphia

Fee Simple

Walgreens

14,820

11/30/2029

NAP

Property

28.11

Walgreens- Franklin

Fee Simple

Walgreens

15,680

11/30/2029

NAP

Property

28.12

Walgreens- Cincinnati

Fee Simple

Walgreens

13,905

11/30/2029

NAP

Property

28.13

Walgreens- Malvern

Fee Simple

Walgreens

14,550

11/30/2029

NAP

Property

28.14

Walgreens- Bartlett (5950)

Fee Simple

Walgreens

15,120

11/30/2029

NAP

Property

28.15

Walgreens- Bartlett (6697)

Fee Simple

Walgreens

15,120

11/30/2029

NAP

Property

28.16

Walgreens- Mount Washington

Fee Simple

Walgreens

14,820

11/30/2029

NAP

Property

28.17

Walgreens- Florence

Fee Simple

Walgreens

14,820

11/30/2029

NAP

Property

28.18

Walgreens- Little Rock

Fee Simple

Walgreens

14,490

11/30/2029

NAP

Property

28.19

Walgreens- Evansville

Fee Simple

Walgreens

15,680

11/30/2029

NAP

Property

28.20

Walgreens- Oklahoma City

Fee Simple

Walgreens

13,905

11/30/2029

NAP

Property

28.21

Walgreens- Hobart

Fee Simple

Walgreens

15,120

11/30/2029

NAP

Property

28.22

Walgreens- Memphis

Fee Simple

Walgreens

13,905

11/30/2029

NAP

Property

28.23

Walgreens- Oakland

Fee Simple

Walgreens

13,650

11/30/2029

NAP

Property

28.24

Walgreens- Knoxville

Fee Simple

Walgreens

13,905

11/30/2029

NAP

Property

28.25

Walgreens- Decatur

Fee Simple

Walgreens

14,490

11/30/2029

NAP

Property

28.26

Walgreens- Sioux Falls

Fee Simple

Walgreens

14,820

11/30/2029

NAP

Property

28.27

Walgreens- Enterprise

Fee Simple

Walgreens

14,820

11/30/2029

NAP

Property

28.28

Walgreens- Tulsa

Fee Simple

Walgreens

13,000

11/30/2029

NAP

Property

28.29

Walgreens- Michigan City

Fee Simple

Walgreens

15,120

11/30/2029

NAP

Loan

Lakeshore - Holiday Plaza MHC

Fee Simple

NAP

Loan

Belle Villa MHC

Fee Simple

NAP

Loan

Highland Park Apartments (38)

Fee Simple

NAP

Loan

Pomona Office Tower

Fee Simple

Pomona Valley Hospital Medical Center

37,664

07/31/2018

Inter Valley Health Plan

33,061

05/31/2016

Chase Executive Suites

11,842

Loan

Preston Plano Parkway

Fee Simple

Ebby Halliday Realtors

12,180

04/30/2019

Hexter-Fair/First American Title Co

8,050

10/31/2016

Ashton Woods Décor Center

8,000

Loan

College Station and The Polos Apartments

Fee Simple

NAP

Loan

Washington Square Plaza

Fee Simple

Worldwide Entertainment ROMT, L.L.C.

23,316

12/31/2028

Lewis IG, Inc

7,131

04/30/2016

Ronin Sushi

6,691

Loan

Aspire Center

Fee Simple

U.S. Department of Veteran’s Affairs

46,806

03/31/2024

NAP

Loan

Plaza Square North

Fee Simple

Carr, Riggs, & Ingram, LLC

24,328

12/31/2020

East West Bank

12,474

08/31/2017

Brad Moore M.D. Ob/Gyn P.C. and Arbor Ob/Gyn P.C.

8,709

Loan

8500 Valcour Industrial

Fee Simple

Schroeder & Tremayne, Inc.

296,123

12/31/2025

Miss Elaine, Inc.

193,877

12/31/2018

NAP

Loan

Hillcrest Heights Shopping Center

Fee Simple

Moran Foods, LLC dba Save-a-Lot, Ltd

17,141

07/31/2024

Family Dollar Stores

12,075

06/30/2019

Hillcrest Heights Boys Club

8,000

Loan

Utica Medical Center

Fee Simple

Shores II Professional Building L.L.C. sublet to Michigan Institute of Urology, P.C.

17,916

01/31/2030

Shores II Professional Building L.L.C. sublet to American Surgical Centers, LLC

11,194

12/01/2016

Hall Road Development, LLC sublet to Rochester Colon & Rectal, P.C.

4,016

Loan

Hollywood Self Storage

Fee Simple

A-1-14

COMM 2015-CCRE23

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

Ownership

Ground Lease

Lease

Property Flag

Property Name

Interest(19)

Expiration(20)

Extension Terms(20)

Largest Tenant(21)(22)(23)(24)

Expiration(22)

2nd Largest Tenant(21)(22)(23)(24)(25)(26)

Expiration(22)

3rd Largest Tenant(21)(22)(23)(24)

Property

41.01

Evans

Fee Simple

NAP

Property

41.02

Belair

Fee Simple

NAP

Property

41.03

Martinez

Fee Simple

NAP

Loan

Broadway Central

Fee Simple

Car Toys, Inc

6,240

01/12/2020

Chipotle_DBC

3,073

01/20/2025

Pizzeria Locale

3,070

Loan

One Tower Creek

Fee Simple

Consolidated Container

22,845

10/31/2019

Strayer University

18,378

07/31/2018

Zayo Group, LLC

7,403

Loan

North Park Mixed Use (38)

Fee Simple

NAP

Loan

Residence Inn Phoenix

Fee Simple

NAP

Loan

Holiday Inn Express Cool Springs

Fee Simple

NAP

Loan

Holiday Inn Express - Poughkeepsie

Leasehold

05/06/2065

None

NAP

Loan

IAA Brighton

Fee Simple

Insurance Auto Auctions Inc.

1,995,484

05/31/2034

NAP

Loan

1815 Griffin Road

Fee Simple

Hull & Company Inc

9,406

07/31/2020

Skanska STE 200, 202, 204 & 205

7,208

11/30/2016

SCD Mgmt & Biltmore

5,644

Loan

9061 Euclid Avenue

Fee Simple

McCarthy Tire Service Co.

85,848

05/31/2024

Carroll Tire Company

83,552

03/31/2021

NAP

Loan

Riverview MHC

Fee Simple

NAP

Loan

Hampton Inn Titusville

Fee Simple

NAP

Loan

Hampton Inn Terre Haute

Fee Simple

NAP

Loan

Holiday Inn Express Pauls Valley

Fee Simple

NAP

Loan

Ridge Plaza Shopping Center

Fee Simple

Body Transit, Inc.

10,000

05/31/2022

Wawa, Inc.

5,773

08/31/2022

Theraplay, Inc.

4,356

Loan

StoreSmart Rockledge

Fee Simple

NAP

Loan

The Residences at Summit View

Fee Simple

NAP

Loan

Paradise Valley Ranch MHC

Fee Simple

NAP

Loan

HomeGoods Thousand Oaks

Fee Simple

HomeGoods, Inc.

27,307

05/31/2023

NAP

Loan

CVS McDonough

Fee Simple

Georgia CVS Pharmacy, L.L.C.

13,013

01/31/2033

NAP

Loan

StoreSmart Naples

Fee Simple

NAP

Loan

Americana Apartments

Fee Simple

NAP

Loan

Country Inn & Suites Sioux Falls, SD

Fee Simple

NAP

Loan

Hampton Inn Marshall

Fee Simple

NAP

Loan

Fresenius Chicago

Fee Simple

Fresenius Medical Care Chicago

10,170

09/30/2029

NAP

Loan

Ohio Plaza

Fee Simple

Peebles

16,379

01/31/2017

Dollar Tree

10,000

01/31/2017

Hibbett Sporting Good

7,000

Loan

La Quinta Inn & Suites Blue Springs

Fee Simple

NAP

Loan

Stonegate Apartments

Fee Simple

NAP

Loan

Derby Hills MHC

Fee Simple

NAP

Loan

Marquis Apartments

Fee Simple

NAP

Loan

Deere Road Industrial Park

Fee Simple

VDI

61,753

02/28/2019

OP-Tech

21,000

08/31/2019

SOTC

19,100

Loan

Comfort Suites at the University Conway, SC

Fee Simple

NAP

Loan

Stardust MHC

Fee Simple

NAP

Loan

Alta Vista MHC

Fee Simple

NAP

Loan

47-30 & 31 Vernon Blvd

Fee Simple

Testaccio Restaurant (Italian)

2,500

12/31/2019

New City Chinese Restaurant

1,340

12/31/2017

NAP

Loan

Chaparral Ranch MHC

Fee Simple

NAP

Loan

Monument Meadow

Fee Simple

NAP

Loan

Townhouse MHC

Fee Simple

NAP

Loan

CVS Plano

Fee Simple

CVS Caremark

12,900

07/31/2034

NAP

Loan

Dollar General - Paynesville (38)

Fee Simple

DG Retail, LLC

9,100

01/31/2030

NAP

Loan

Dollar General - Yorktown (38)

Fee Simple

Dolgencorp of Texas, Inc.

10,566

02/28/2030

NAP

Loan

Dollar General - St. Francis (38)

Fee Simple

DG Retail, LLC

9,002

02/28/2030

NAP

Loan

Dollar General - Battle Lake (38)

Fee Simple

DG Retail, LLC

9,100

02/28/2030

NAP

A-1-15

COMM 2015-CCRE23

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

Upfront

Lease

Occupancy

Replacement

Property Flag

Property Name

Expiration(22)

4th Largest Tenant(21)(22)(24)

Expiration(22)

5th Largest Tenant(21)(22)(24)(25)

Expiration(22)

Occupancy(27)

As-of Date

Reserves($)(28)

Loan

9200 & 9220 Sunset (35)

03/31/2021

Abrams Artists & Associates

11,451

01/31/2016

Platinum Financial

10,939

11/30/2017

92.0%

04/01/2015

Loan

Courtyard by Marriott Portfolio (35)(36)

70.0%

02/28/2015

Property

2.01

Courtyard Larkspur Landing Marin County

NAP

84.4%

02/28/2015

Property

2.02

Courtyard San Mateo Foster City

NAP

77.7%

02/28/2015

Property

2.03

Courtyard San Jose Cupertino

NAP

80.3%

02/28/2015

Property

2.04

Courtyard Boulder

NAP

79.3%

02/28/2015

Property

2.05

Courtyard Los Angeles Hacienda Heights

NAP

84.5%

02/28/2015

Property

2.06

Courtyard Seattle South Center

NAP

81.4%

02/28/2015

Property

2.07

Courtyard Rye

NAP

73.9%

02/28/2015

Property

2.08

Courtyard Nashville Airport

NAP

81.7%

02/28/2015

Property

2.09

Courtyard Los Angeles Torrance Palos Verdes

NAP

81.4%

02/28/2015

Property

2.10

Courtyard St. Louis Creve Coeur

NAP

71.4%

02/28/2015

Property

2.11

Courtyard Portland Beaverton

NAP

66.7%

02/28/2015

Property

2.12

Courtyard Palm Springs

NAP

67.3%

02/28/2015

Property

2.13

Courtyard Charlotte South Park

NAP

75.3%

02/28/2015

Property

2.14

Courtyard Norwalk

NAP

75.1%

02/28/2015

Property

2.15

Courtyard Detroit Metro Airport

NAP

77.1%

02/28/2015

Property

2.16

Courtyard Chicago Waukegan Gurnee

NAP

74.4%

02/28/2015

Property

2.17

Courtyard Atlanta Perimeter Center

NAP

72.6%

02/28/2015

Property

2.18

Courtyard Denver Tech Center

NAP

66.8%

02/28/2015

Property

2.19

Courtyard Ft. Lauderdale Plantation

NAP

77.5%

02/28/2015

Property

2.20

Courtyard Lincroft Red Bank

NAP

65.5%

02/28/2015

Property

2.21

Courtyard Chicago Highland Park

NAP

63.9%

02/28/2015

Property

2.22

Courtyard Charlottesville North

NAP

67.1%

02/28/2015

Property

2.23

Courtyard Raleigh Cary

NAP

62.7%

02/28/2015

Property

2.24

Courtyard Detroit Livonia

NAP

76.3%

02/28/2015

Property

2.25

Courtyard Birmingham Homewood

NAP

68.2%

02/28/2015

Property

2.26

Courtyard West Palm Beach

NAP

76.5%

02/28/2015

Property

2.27

Courtyard New Haven Wallingford

NAP

69.9%

02/28/2015

Property

2.28

Courtyard Dallas Plano Parkway

NAP

72.9%

02/28/2015

Property

2.29

Courtyard Chicago Oakbrook Terrace

NAP

72.2%

02/28/2015

Property

2.30

Courtyard Boston Andover

NAP

67.4%

02/28/2015

Property

2.31

Courtyard Kansas City Overland Park Metcalf

NAP

70.6%

02/28/2015

Property

2.32

Courtyard Minneapolis St Paul Airport

NAP

73.7%

02/28/2015

Property

2.33

Courtyard Bakersfield

NAP

73.2%

02/28/2015

Property

2.34

Courtyard Denver Stapleton

NAP

66.3%

02/28/2015

Property

2.35

Courtyard Rockford

NAP

62.7%

02/28/2015

Property

2.36

Courtyard Greenville Haywood Mall

NAP

70.4%

02/28/2015

Property

2.37

Courtyard St. Louis Westport Plaza

NAP

68.7%

02/28/2015

Property

2.38

Courtyard Chicago Lincolnshire

NAP

61.8%

02/28/2015

Property

2.39

Courtyard San Antonio Downtown Market Square

NAP

73.8%

02/28/2015

Property

2.40

Courtyard Indianapolis Castleton

NAP

63.2%

02/28/2015

Property

2.41

Courtyard Silver Spring North

NAP

65.5%

02/28/2015

Property

2.42

Courtyard Lexington North

NAP

62.8%

02/28/2015

Property

2.43

Courtyard Tampa Westshore

NAP

83.6%

02/28/2015

Property

2.44

Courtyard Chicago Deerfield

NAP

60.2%

02/28/2015

Property

2.45

Courtyard St. Petersburg Clearwater

NAP

79.2%

02/28/2015

Property

2.46

Courtyard Toledo Airport Holland

NAP

63.5%

02/28/2015

Property

2.47

Courtyard Phoenix Mesa

NAP

64.7%

02/28/2015

Property

2.48

Courtyard Atlanta Airport South

NAP

75.0%

02/28/2015

Property

2.49

Courtyard Memphis Airport

NAP

74.8%

02/28/2015

Property

2.50

Courtyard Oklahoma City Airport

NAP

61.8%

02/28/2015

Property

2.51

Courtyard Annapolis

NAP

61.6%

02/28/2015

Property

2.52

Courtyard Manassas

NAP

66.0%

02/28/2015

Property

2.53

Courtyard Little Rock

NAP

56.9%

02/28/2015

Property

2.54

Courtyard Ft. Myers

NAP

70.7%

02/28/2015

Property

2.55

Courtyard Atlanta Gwinnett Mall

NAP

70.4%

02/28/2015

Property

2.56

Courtyard Chicago Arlington Heights South

NAP

69.0%

02/28/2015

Property

2.57

Courtyard Dallas Richardson at Spring Valley

NAP

67.1%

02/28/2015

Property

2.58

Courtyard Huntsville

NAP

55.9%

02/28/2015

Property

2.59

Courtyard Birmingham Hoover

NAP

56.2%

02/28/2015

Property

2.60

Courtyard Phoenix North Metrocenter

NAP

54.5%

02/28/2015

Property

2.61

Courtyard Tucson Airport

NAP

69.5%

02/28/2015

Property

2.62

Courtyard Dayton South Mall

NAP

50.5%

02/28/2015

Property

2.63

Courtyard Philadelphia Devon

NAP

72.3%

02/28/2015

Property

2.64

Courtyard Fresno

NAP

74.0%

02/28/2015

Property

2.65

Courtyard Poughkeepsie

NAP

68.0%

02/28/2015

Loan

DFW / Raleigh Portfolio

94.8%

Various

Property

3.01

Sutter Creek Apartments

NAP

94.2%

02/25/2015

Property

3.02

Copper Crossing Apartments

NAP

94.0%

01/26/2015

Property

3.03

Estrada Oaks Apartments

NAP

96.8%

01/26/2015

Property

3.04

The Trestles Apartments

NAP

93.2%

01/26/2015

Property

3.05

Remington Place Apartments

NAP

96.3%

01/09/2015

Property

3.06

The Timbers Apartments

NAP

97.7%

01/26/2015

Loan

3 Columbus Circle (35)

01/31/2017

Jazz at Lincoln Center

30,653

04/30/2028

Versace

21,342

07/31/2025

82.7%

02/28/2015

Loan

Maui Coast Hotel

NAP

85.1%

03/31/2015

Loan

Sherman Plaza

08/31/2016

HemaCare Corporation

25,379

07/31/2017

Interviewing Services of America, Inc.

19,459

01/31/2020

93.2%

02/28/2015

Loan

Hacienda Club

NAP

94.7%

04/01/2015

Loan

DoubleTree San Diego (37)

NAP

88.3%

02/28/2015

Loan

Lake Arrowhead Village

06/30/2015

Bass Shoe & Clothing

6,786

04/30/2020

Saxony Real Estate

6,597

06/30/2019

84.3%

03/31/2015

Loan

100 Middle Street

12/31/2023

Bank of America

24,065

12/31/2015

Morgan Stanley

22,155

10/31/2018

99.2%

03/09/2015

2,554,635

Loan

Luxe Villas

NAP

100.0%

04/23/2015

Loan

SROA Portfolio

92.2%

01/31/2015

Property

12.01

SROA - London

NAP

97.7%

01/31/2015

Property

12.02

SROA - Danville & Danville Outdoor

NAP

96.3%

01/31/2015

Property

12.03

SROA - Ashland

NAP

92.7%

01/31/2015

Property

12.04

SROA - Paintsville & Paintsville additional

NAP

93.9%

01/31/2015

Property

12.05

SROA - Winchester Two (Therese)

NAP

95.9%

01/31/2015

Property

12.06

SROA - Lawrenceburg

NAP

94.8%

01/31/2015

Property

12.07

SROA - Pikeville

NAP

74.0%

01/31/2015

Property

12.08

SROA - Mount Sterling

NAP

99.0%

01/31/2015

Property

12.09

SROA - Wheelersburg I (Duis)

NAP

95.5%

01/31/2015

A-1-16

COMM 2015-CCRE23

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

Upfront

Lease

Occupancy

Replacement

Property Flag

Property Name

Expiration(22)

4th Largest Tenant(21)(22)(24)

Expiration(22)

5th Largest Tenant(21)(22)(24)(25)

Expiration(22)

Occupancy(27)

As-of Date

Reserves($)(28)

Property

12.10

SROA - Morehead

NAP

93.3%

01/31/2015

Property

12.11

SROA - Berea

NAP

95.5%

01/31/2015

Property

12.12

SROA - Winchester I (Rockwell)

NAP

95.8%

01/31/2015

Property

12.13

SROA - Willard Storage (Walton)

NAP

71.5%

01/31/2015

Property

12.14

SROA - Willard (Tiffin)

NAP

90.5%

01/31/2015

Property

12.15

SROA - Hager Hill

NAP

98.5%

01/31/2015

Property

12.16

SROA - Morehead (Litton)

NAP

95.1%

01/31/2015

Property

12.17

SROA - Wheelersburg II (Ohio River)

NAP

96.4%

01/31/2015

Property

12.18

SROA - Salyersville

NAP

82.7%

01/31/2015

Property

12.19

SROA - Greenwich

NAP

74.5%

01/31/2015

Property

12.20

SROA - West Liberty (Main)

NAP

77.2%

01/31/2015

Property

12.21

SROA - West Liberty (Glen)

NAP

94.5%

01/31/2015

Property

12.22

SROA - Whitesburg

NAP

93.2%

01/31/2015

Property

12.23

SROA - Willard (All-In-One)

NAP

45.0%

01/31/2015

Loan

La Gran Plaza (35)(38)

07/31/2028

Everest College

40,916

10/31/2020

Cinemagic-Bilingual Realty, Inc.

35,695

12/31/2024

85.8%

04/06/2015

Loan

Waltonwood Twelve Oaks

NAP

85.6%

03/05/2015

Loan

Star Building

06/30/2020

DuPont E.I., DeNemours & Co.

13,993

05/31/2018

DuPont E.I., DeNemours & Co.

10,000

09/30/2018

95.1%

03/31/2015

Loan

ART Florida & Ohio MF Portfolio II

92.5%

02/24/2015

Property

16.01

Woodlands

NAP

94.0%

02/24/2015

Property

16.02

Annhurst

NAP

90.9%

02/24/2015

Property

16.03

Miguel Place

NAP

90.1%

02/24/2015

Property

16.04

Oakwood Village

NAP

92.0%

02/24/2015

Property

16.05

Timbercreek

NAP

94.8%

02/24/2015

Loan

Wexford Portfolio (38)

96.3%

03/03/2015

Property

17.01

Capitol East Apartments

NAP

95.8%

03/03/2015

Property

17.02

Lexington Apartments

NAP

95.8%

03/03/2015

Property

17.03

1825 Maryland

NAP

100.0%

03/03/2015

Loan

Portage Crossing Shopping Center

02/28/2025

Burger Fi

2,775

11/30/2024

Chipotle #34-2348

2,400

11/30/2024

91.2%

04/08/2015

Loan

Holiday Inn Manhattan View

NAP

86.3%

01/31/2015

Loan

DoubleTree Norwalk

NAP

71.9%

01/31/2015

Loan

Champaign Portfolio

83.0%

Various

Property

21.01

2110 Fox Drive

NAP

84.9%

02/01/2015

Property

21.02

1906 Fox Drive

NAP

100.0%

05/06/2015

Property

21.03

2004 Fox Drive

10/31/2017

First Midwest Bank

2,035

10/31/2019

Congressman Davis

1,752

01/02/2017

77.9%

02/01/2015

Property

21.04

Shoppes of Knollwood 1

03/31/2018

Natural Gourmet

1,600

10/31/2015

Champaign Jewelers

1,600

06/30/2015

84.4%

02/01/2015

Property

21.05

Shoppes of Knollwood 2

01/31/2016

Country Squire Cleaners

1,600

12/31/2019

Eye Surgical Associates

1,600

12/31/2016

90.8%

02/01/2015

Property

21.06

1806 Fox Drive

12/31/2015

NAP

90.5%

02/01/2015

Property

21.07

2107 Neil

NAP

100.0%

02/01/2015

Property

21.08

2302 Fox Drive

NAP

52.8%

02/01/2015

Property

21.09

201 Knollwood

NAP

75.0%

02/01/2015

Property

21.10

1802 Fox Drive

NAP

38.5%

02/01/2015

Loan

260 California San Francisco

12/31/2019

JSI

4,606

09/30/2020

Swift Realty Partners (SRP)

4,606

09/30/2019

95.5%

03/06/2015

Loan

525 Park Avenue

NAP

100.0%

05/06/2015

Loan

Winterwood Pavilion

07/31/2023

Harbor Freight Tools

15,000

05/31/2022

Super 99

5,000

11/30/2019

96.3%

01/31/2015

Loan

Equus Business Center

04/30/2017

Facilities Maintenance Service, Inc.

4,940

10/31/2017

3D Laser Art, LLC

4,940

08/31/2015

92.9%

01/31/2015

134,500

Loan

Jordan Creek-Westwood Apartments

96.0%

01/24/2015

Property

26.01

Jordan Creek Apartments

NAP

95.0%

01/23/2015

Property

26.02

Westwood Apartments

NAP

97.7%

01/26/2015

Loan

Montara Village (38)

NAP

90.4%

03/01/2015

1,449,980

Loan

Walgreens Portfolio (35)

100.0%

05/06/2015

Property

28.01

Walgreens- River Falls

NAP

100.0%

05/06/2015

Property

28.02

Walgreens- Forrest City

NAP

100.0%

05/06/2015

Property

28.03

Walgreens- Saint Louis (Lusher)

NAP

100.0%

05/06/2015

Property

28.04

Walgreens- Saint Louis (Lemay)

NAP

100.0%

05/06/2015

Property

28.05

Walgreens- Saint Charles

NAP

100.0%

05/06/2015

Property

28.06

Walgreens- Toledo

NAP

100.0%

05/06/2015

Property

28.07

Walgreens- Birmingham

NAP

100.0%

05/06/2015

Property

28.08

Walgreens- La Vista

NAP

100.0%

05/06/2015

Property

28.09

Walgreens- Olathe

NAP

100.0%

05/06/2015

Property

28.10

Walgreens- Arkadelphia

NAP

100.0%

05/06/2015

Property

28.11

Walgreens- Franklin

NAP

100.0%

05/06/2015

Property

28.12

Walgreens- Cincinnati

NAP

100.0%

05/06/2015

Property

28.13

Walgreens- Malvern

NAP

100.0%

05/06/2015

Property

28.14

Walgreens- Bartlett (5950)

NAP

100.0%

05/06/2015

Property

28.15

Walgreens- Bartlett (6697)

NAP

100.0%

05/06/2015

Property

28.16

Walgreens- Mount Washington

NAP

100.0%

05/06/2015

Property

28.17

Walgreens- Florence

NAP

100.0%

05/06/2015

Property

28.18

Walgreens- Little Rock

NAP

100.0%

05/06/2015

Property

28.19

Walgreens- Evansville

NAP

100.0%

05/06/2015

Property

28.20

Walgreens- Oklahoma City

NAP

100.0%

05/06/2015

Property

28.21

Walgreens- Hobart

NAP

100.0%

05/06/2015

Property

28.22

Walgreens- Memphis

NAP

100.0%

05/06/2015

Property

28.23

Walgreens- Oakland

NAP

100.0%

05/06/2015

Property

28.24

Walgreens- Knoxville

NAP

100.0%

05/06/2015

Property

28.25

Walgreens- Decatur

NAP

100.0%

05/06/2015

Property

28.26

Walgreens- Sioux Falls

NAP

100.0%

05/06/2015

Property

28.27

Walgreens- Enterprise

NAP

100.0%

05/06/2015

Property

28.28

Walgreens- Tulsa

NAP

100.0%

05/06/2015

Property

28.29

Walgreens- Michigan City

NAP

100.0%

05/06/2015

Loan

Lakeshore - Holiday Plaza MHC

NAP

98.9%

01/01/2015

Loan

Belle Villa MHC

NAP

87.4%

02/19/2015

Loan

Highland Park Apartments (38)

NAP

98.6%

01/31/2015

Loan

Pomona Office Tower

08/31/2020

L.A. Co. Public Defender

9,819

04/30/2019

L.A. County D.A. Office

6,938

02/16/2020

86.4%

03/01/2015

17,000

Loan

Preston Plano Parkway

12/31/2020

Luna De Noche

5,001

12/31/2016

Red Hot & Blue Restaurant

4,422

06/30/2026

93.4%

03/31/2015

Loan

College Station and The Polos Apartments

NAP

95.1%

02/02/2015

Loan

Washington Square Plaza

06/30/2020

Heritage Restaurant Group, LLC

6,480

08/31/2028

Legghio, Israel

6,394

02/28/2016

100.0%

04/01/2015

17,241

Loan

Aspire Center

NAP

100.0%

05/06/2015

Loan

Plaza Square North

12/31/2024

Dunwoody Dermatology

5,944

06/30/2019

Griffith Engineering

4,048

06/30/2015

97.9%

11/01/2014

Loan

8500 Valcour Industrial

NAP

100.0%

02/26/2015

2,190,000

Loan

Hillcrest Heights Shopping Center

10/31/2016

Soap’s Laundromat

4,500

10/31/2019

Your Hardware & Dollar

4,160

12/31/2016

84.6%

01/31/2015

Loan

Utica Medical Center

01/31/2030

CWH Holdings, L.L.C. sublet to Clinton Women’s Healthcare, P.C.

3,176

01/31/2030

O’Grady Properties, L.L.C. sublet to Michigan Neurology Associates, P.C.

2,265

01/31/2030

86.6%

02/09/2015

Loan

Hollywood Self Storage

91.6%

02/18/2015

A-1-17

COMM 2015-CCRE23

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

Upfront

Lease

Occupancy

Replacement

Property Flag

Property Name

Expiration(22)

4th Largest Tenant(21)(22)(24)

Expiration(22)

5th Largest Tenant(21)(22)(24)(25)

Expiration(22)

Occupancy(27)

As-of Date

Reserves($)(28)

Property

41.01

Evans

NAP

94.4%

02/18/2015

Property

41.02

Belair

NAP

87.7%

02/18/2015

Property

41.03

Martinez

NAP

84.2%

02/18/2015

Loan

Broadway Central

03/31/2018

Red Ginger

2,157

03/31/2018

The Noodle Shop

1,905

10/31/2019

100.0%

03/25/2015

Loan

One Tower Creek

12/31/2015

Howick, Westfall, McBryan & Kaplan, LLC

6,984

07/31/2018

Procurement Advisors, LLC

5,895

06/30/2019

88.4%

11/01/2014

Loan

North Park Mixed Use (38)

NAP

80.4%

02/24/2015

Loan

Residence Inn Phoenix

NAP

64.9%

10/31/2014

Loan

Holiday Inn Express Cool Springs

NAP

60.3%

12/31/2014

Loan

Holiday Inn Express - Poughkeepsie

NAP

65.5%

12/31/2014

Loan

IAA Brighton

NAP

100.0%

05/06/2015

Loan

1815 Griffin Road

12/31/2023

Seasons Hospice - Pending RCDA

4,664

08/31/2019

Miami Assoc of Realtors

4,364

05/31/2019

88.4%

02/05/2015

Loan

9061 Euclid Avenue

NAP

91.3%

12/16/2014

Loan

Riverview MHC

NAP

99.3%

01/01/2015

Loan

Hampton Inn Titusville

NAP

78.4%

01/31/2015

Loan

Hampton Inn Terre Haute

NAP

66.6%

12/31/2014

Loan

Holiday Inn Express Pauls Valley

NAP

88.3%

01/31/2015

Loan

Ridge Plaza Shopping Center

05/31/2018

Phoenixville Federal Bank and Trust

3,000

10/31/2022

CS & GM Enterprises, LLC

2,376

06/30/2019

87.5%

03/31/2015

Loan

StoreSmart Rockledge

NAP

74.7%

02/28/2015

Loan

The Residences at Summit View

NAP

97.2%

12/11/2014

Loan

Paradise Valley Ranch MHC

NAP

91.5%

01/01/2015

Loan

HomeGoods Thousand Oaks

NAP

100.0%

05/06/2015

Loan

CVS McDonough

NAP

100.0%

05/06/2015

Loan

StoreSmart Naples

NAP

77.8%

01/12/2015

Loan

Americana Apartments

NAP

100.0%

03/30/2015

Loan

Country Inn & Suites Sioux Falls, SD

NAP

75.0%

12/31/2014

Loan

Hampton Inn Marshall

NAP

65.4%

01/31/2015

Loan

Fresenius Chicago

NAP

100.0%

05/06/2015

10,170

Loan

Ohio Plaza

01/31/2021

O’Reilly Auto Parts

6,000

08/31/2023

Factory Connection

5,400

03/31/2019

79.6%

12/31/2014

Loan

La Quinta Inn & Suites Blue Springs

NAP

57.3%

12/31/2014

Loan

Stonegate Apartments

NAP

97.8%

01/12/2015

Loan

Derby Hills MHC

NAP

97.6%

01/05/2015

Loan

Marquis Apartments

NAP

89.5%

02/04/2015

Loan

Deere Road Industrial Park

12/31/2017

TP Styles

18,900

11/30/2016

Keebler Co.

18,000

02/28/2018

99.0%

02/25/2015

Loan

Comfort Suites at the University Conway, SC

NAP

67.1%

12/31/2014

Loan

Stardust MHC

NAP

98.1%

03/24/2015

Loan

Alta Vista MHC

NAP

84.7%

01/20/2015

Loan

47-30 & 31 Vernon Blvd

NAP

100.0%

01/12/2015

Loan

Chaparral Ranch MHC

NAP

100.0%

01/07/2015

Loan

Monument Meadow

NAP

88.9%

01/25/2015

Loan

Townhouse MHC

NAP

89.9%

01/31/2015

Loan

CVS Plano

NAP

100.0%

05/06/2015

Loan

Dollar General - Paynesville (38)

NAP

100.0%

05/06/2015

Loan

Dollar General - Yorktown (38)

NAP

100.0%

05/06/2015

Loan

Dollar General - St. Francis (38)

NAP

100.0%

05/06/2015

Loan

Dollar General - Battle Lake (38)

NAP

100.0%

05/06/2015

A-1-18

COMM 2015-CCRE23

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

Monthly

Upfront

Monthly

Upfront

Monthly

Upfront

Replacement

TI/LC

Tax

Insurance

Property Flag

Property Name

Reserves ($)(30)(31)

Reserves ($)(28)

Reserves ($)(30)

Reserves ($)(28)

Reserves ($)(30)

Reserves($)(28)

Loan

9200 & 9220 Sunset (35)

6,608

26,431

450,000

154,740

51,000

Loan

Courtyard by Marriott Portfolio (35)(36)

Springing

985,000

Property

2.01

Courtyard Larkspur Landing Marin County

Property

2.02

Courtyard San Mateo Foster City

Property

2.03

Courtyard San Jose Cupertino

Property

2.04

Courtyard Boulder

Property

2.05

Courtyard Los Angeles Hacienda Heights

Property

2.06

Courtyard Seattle South Center

Property

2.07

Courtyard Rye

Property

2.08

Courtyard Nashville Airport

Property

2.09

Courtyard Los Angeles Torrance Palos Verdes

Property

2.10

Courtyard St. Louis Creve Coeur

Property

2.11

Courtyard Portland Beaverton

Property

2.12

Courtyard Palm Springs

Property

2.13

Courtyard Charlotte South Park

Property

2.14

Courtyard Norwalk

Property

2.15

Courtyard Detroit Metro Airport

Property

2.16

Courtyard Chicago Waukegan Gurnee

Property

2.17

Courtyard Atlanta Perimeter Center

Property

2.18

Courtyard Denver Tech Center

Property

2.19

Courtyard Ft. Lauderdale Plantation

Property

2.20

Courtyard Lincroft Red Bank

Property

2.21

Courtyard Chicago Highland Park

Property

2.22

Courtyard Charlottesville North

Property

2.23

Courtyard Raleigh Cary

Property

2.24

Courtyard Detroit Livonia

Property

2.25

Courtyard Birmingham Homewood

Property

2.26

Courtyard West Palm Beach

Property

2.27

Courtyard New Haven Wallingford

Property

2.28

Courtyard Dallas Plano Parkway

Property

2.29

Courtyard Chicago Oakbrook Terrace

Property

2.30

Courtyard Boston Andover

Property

2.31

Courtyard Kansas City Overland Park Metcalf

Property

2.32

Courtyard Minneapolis St Paul Airport

Property

2.33

Courtyard Bakersfield

Property

2.34

Courtyard Denver Stapleton

Property

2.35

Courtyard Rockford

Property

2.36

Courtyard Greenville Haywood Mall

Property

2.37

Courtyard St. Louis Westport Plaza

Property

2.38

Courtyard Chicago Lincolnshire

Property

2.39

Courtyard San Antonio Downtown Market Square

Property

2.40

Courtyard Indianapolis Castleton

Property

2.41

Courtyard Silver Spring North

Property

2.42

Courtyard Lexington North

Property

2.43

Courtyard Tampa Westshore

Property

2.44

Courtyard Chicago Deerfield

Property

2.45

Courtyard St. Petersburg Clearwater

Property

2.46

Courtyard Toledo Airport Holland

Property

2.47

Courtyard Phoenix Mesa

Property

2.48

Courtyard Atlanta Airport South

Property

2.49

Courtyard Memphis Airport

Property

2.50

Courtyard Oklahoma City Airport

Property

2.51

Courtyard Annapolis

Property

2.52

Courtyard Manassas

Property

2.53

Courtyard Little Rock

Property

2.54

Courtyard Ft. Myers

Property

2.55

Courtyard Atlanta Gwinnett Mall

Property

2.56

Courtyard Chicago Arlington Heights South

Property

2.57

Courtyard Dallas Richardson at Spring Valley

Property

2.58

Courtyard Huntsville

Property

2.59

Courtyard Birmingham Hoover

Property

2.60

Courtyard Phoenix North Metrocenter

Property

2.61

Courtyard Tucson Airport

Property

2.62

Courtyard Dayton South Mall

Property

2.63

Courtyard Philadelphia Devon

Property

2.64

Courtyard Fresno

Property

2.65

Courtyard Poughkeepsie

Loan

DFW / Raleigh Portfolio

38,667

459,792

113,517

5,103

Property

3.01

Sutter Creek Apartments

Property

3.02

Copper Crossing Apartments

Property

3.03

Estrada Oaks Apartments

Property

3.04

The Trestles Apartments

Property

3.05

Remington Place Apartments

Property

3.06

The Timbers Apartments

Loan

3 Columbus Circle (35)

4,405,062

1,260,386

420,129

Loan

Maui Coast Hotel

1/12 of 4.0% of annual operating income

42,000

22,252

287,867

Loan

Sherman Plaza

4,461

1,250,000

22,303

164,250

54,750

40,300

Loan

Hacienda Club

Springing

247,200

49,440

110,487

Loan

DoubleTree San Diego (37)

1/12 of 4.0% of Annual Gross Revenue

96,778

54,389

52,975

Loan

Lake Arrowhead Village

3,841

250,000

14,403

137,250

45,750

55,494

Loan

100 Middle Street

Springing

2,600,000

Springing

116,134

58,067

7,645

Loan

Luxe Villas

1,352

72,000

18,000

1,787

Loan

SROA Portfolio

9,830

68,120

15,761

9,575

Property

12.01

SROA - London

Property

12.02

SROA - Danville & Danville Outdoor

Property

12.03

SROA - Ashland

Property

12.04

SROA - Paintsville & Paintsville additional

Property

12.05

SROA - Winchester Two (Therese)

Property

12.06

SROA - Lawrenceburg

Property

12.07

SROA - Pikeville

Property

12.08

SROA - Mount Sterling

Property

12.09

SROA - Wheelersburg I (Duis)

A-1-19

COMM 2015-CCRE23

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

			Monthly	Upfront	Monthly	Upfront	Monthly	Upfront
			Replacement	TI/LC	TI/LC	Tax	Tax	Insurance
Property Flag	ID	Property Name	Reserves ($)(30)(31)	Reserves ($)(28)	Reserves ($)(30)	Reserves ($)(28)	Reserves ($)(30)	Reserves($)(28)
Property	12.10	SROA - Morehead
Property	12.11	SROA - Berea
Property	12.12	SROA - Winchester I (Rockwell)
Property	12.13	SROA - Willard Storage (Walton)
Property	12.14	SROA - Willard (Tiffin)
Property	12.15	SROA - Hager Hill
Property	12.16	SROA - Morehead (Litton)
Property	12.17	SROA - Wheelersburg II (Ohio River)
Property	12.18	SROA - Salyersville
Property	12.19	SROA - Greenwich
Property	12.20	SROA - West Liberty (Main)
Property	12.21	SROA - West Liberty (Glen)
Property	12.22	SROA - Whitesburg
Property	12.23	SROA - Willard (All-In-One)
Loan	13	La Gran Plaza (35)(38)	17,177		47,038	546,391	91,065	77,827
Loan	14	Waltonwood Twelve Oaks	3,475			227,844	23,222
Loan	15	Star Building	1,867		16,843	153,377	21,556	8,202
Loan	16	ART Florida & Ohio MF Portfolio II	18,416			97,030	18,497	37,937
Property	16.01	Woodlands
Property	16.02	Annhurst
Property	16.03	Miguel Place
Property	16.04	Oakwood Village
Property	16.05	Timbercreek
Loan	17	Wexford Portfolio (38)	4,021			31,167	15,583	67,456
Property	17.01	Capitol East Apartments
Property	17.02	Lexington Apartments
Property	17.03	1825 Maryland
Loan	18	Portage Crossing Shopping Center	1,505	921,837	3,750	30,080	30,685	4,167
Loan	19	Holiday Inn Manhattan View	1/12 of 4.0% of Gross Income from Operations			3,334	3,334	65,460
Loan	20	DoubleTree Norwalk	1/12 of 4.0% of Gross Income from Operations			105,000	35,000
Loan	21	Champaign Portfolio	9,010	150,000	15,083	344,780	49,254
Property	21.01	2110 Fox Drive
Property	21.02	1906 Fox Drive
Property	21.03	2004 Fox Drive
Property	21.04	Shoppes of Knollwood 1
Property	21.05	Shoppes of Knollwood 2
Property	21.06	1806 Fox Drive
Property	21.07	2107 Neil
Property	21.08	2302 Fox Drive
Property	21.09	201 Knollwood
Property	21.10	1802 Fox Drive
Loan	22	260 California San Francisco	1,045	378,106	Springing	15,912	15,912
Loan	23	525 Park Avenue	308		Springing	120,868	24,174	2,365
Loan	24	Winterwood Pavilion	2,268		8,505	15,000	7,500	12,120
Loan	25	Equus Business Center	Springing	224,000	Springing	26,333	13,167
Loan	26	Jordan Creek-Westwood Apartments	7,375			68,157	22,719	21,958
Property	26.01	Jordan Creek Apartments
Property	26.02	Westwood Apartments
Loan	27	Montara Village (38)	14,763				35,516
Loan	28	Walgreens Portfolio (35)					Springing
Property	28.01	Walgreens- River Falls
Property	28.02	Walgreens- Forrest City
Property	28.03	Walgreens- Saint Louis (Lusher)
Property	28.04	Walgreens- Saint Louis (Lemay)
Property	28.05	Walgreens- Saint Charles
Property	28.06	Walgreens- Toledo
Property	28.07	Walgreens- Birmingham
Property	28.08	Walgreens- La Vista
Property	28.09	Walgreens- Olathe
Property	28.10	Walgreens- Arkadelphia
Property	28.11	Walgreens- Franklin
Property	28.12	Walgreens- Cincinnati
Property	28.13	Walgreens- Malvern
Property	28.14	Walgreens- Bartlett (5950)
Property	28.15	Walgreens- Bartlett (6697)
Property	28.16	Walgreens- Mount Washington
Property	28.17	Walgreens- Florence
Property	28.18	Walgreens- Little Rock
Property	28.19	Walgreens- Evansville
Property	28.20	Walgreens- Oklahoma City
Property	28.21	Walgreens- Hobart
Property	28.22	Walgreens- Memphis
Property	28.23	Walgreens- Oakland
Property	28.24	Walgreens- Knoxville
Property	28.25	Walgreens- Decatur
Property	28.26	Walgreens- Sioux Falls
Property	28.27	Walgreens- Enterprise
Property	28.28	Walgreens- Tulsa
Property	28.29	Walgreens- Michigan City
Loan	29	Lakeshore - Holiday Plaza MHC	1,260			48,282	26,657	31,415
Loan	30	Belle Villa MHC	1,759			26,500	26,500	3,903
Loan	31	Highland Park Apartments (38)	5,166			85,000	14,167	9,065
Loan	32	Pomona Office Tower	2,424	622,291	12,410		20,590
Loan	33	Preston Plano Parkway	775	345,786	Springing	70,542	17,635
Loan	34	College Station and The Polos Apartments	9,413			138,243	19,749	57,570
Loan	35	Washington Square Plaza	1,910	82,759	9,166	267,705	24,337	25,379
Loan	36	Aspire Center	780		5,220		8,706
Loan	37	Plaza Square North	1,838	69,450	8,355	46,862	11,715	9,975
Loan	38	8500 Valcour Industrial	4,083		8,167	164,115	32,823	29,143
Loan	39	Hillcrest Heights Shopping Center	14,002	250,000	Springing	75,403	12,567	3,000
Loan	40	Utica Medical Center	742		3,711	56,175	7,225	7,327
Loan	41	Hollywood Self Storage	2,600			15,079	5,026	16,567

A-1-20

COMM 2015-CCRE23

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

			Monthly	Upfront	Monthly	Upfront	Monthly	Upfront
			Replacement	TI/LC	TI/LC	Tax	Tax	Insurance
Property Flag	ID	Property Name	Reserves ($)(30)(31)	Reserves ($)(28)	Reserves ($)(30)	Reserves ($)(28)	Reserves ($)(30)	Reserves($)(28)
Property	41.01	Evans
Property	41.02	Belair
Property	41.03	Martinez
Loan	42	Broadway Central	454		1,893	11,911	11,911	18,247
Loan	43	One Tower Creek	1,811	250,000	8,231	56,752	11,350	12,939
Loan	44	North Park Mixed Use (38)	685	130,000	313	21,250	7,083	9,682
Loan	45	Residence Inn Phoenix	The greater of (i) 4.0% of prior month’s gross rents, (ii) the then-current amount required under the Management Agreement and (iii) the then-current amount required under the Franchise Agreement for Approved Capital Expenditures and FF&E Work			60,309	15,077
Loan	46	Holiday Inn Express Cool Springs	The greater of (i) 4.0% of prior month’s gross rents, (ii) the then-current amount required under the Management Agreement and (iii) the then-current amount required under the Franchise Agreement for Approved Capital Expenditures and FF&E Work				3,417
Loan	47	Holiday Inn Express - Poughkeepsie	The greater of (i) 1/12 of 4% of the greater of (A) the Gross Revenue generated during the 12 month period and (B) the Gross Revenue projected in the then-effective Approved Annual Budget for the 12 month period			201,138	40,228	7,750
Loan	48	IAA Brighton					Springing
Loan	49	1815 Griffin Road	1,213		6,500	35,516	11,839	3,064
Loan	50	9061 Euclid Avenue	1,546	100,000	2,319	55,987	10,179	2,298
Loan	51	Riverview MHC	654			36,012	6,002	2,373
Loan	52	Hampton Inn Titusville	1/12 of 4.0% of Gross Income from Operations			24,167	4,833	4,490
Loan	53	Hampton Inn Terre Haute	Springing			67,302	11,217	7,897
Loan	54	Holiday Inn Express Pauls Valley	1/12 of 4.0% of Gross Income from Operations			16,151	2,692	30,000
Loan	55	Ridge Plaza Shopping Center	621		1,860	86,199	10,775	3,207
Loan	56	StoreSmart Rockledge	916			23,718	3,953	8,910
Loan	57	The Residences at Summit View	4,400			39,693	13,231
Loan	58	Paradise Valley Ranch MHC	683				2,083	1,828
Loan	59	HomeGoods Thousand Oaks	546		Springing	14,000	3,500	2,004
Loan	60	CVS McDonough					Springing
Loan	61	StoreSmart Naples	459			17,198	2,866	6,688
Loan	62	Americana Apartments	2,572			5,750	1,917	11,200
Loan	63	Country Inn & Suites Sioux Falls, SD	The greater of (i) 4.0% of prior month’s gross rents, (ii) the then-current amount required under the Management Agreement and (iii) the then-current amount required under the Franchise Agreement for the repair and replacement of the FF&E			4,147	4,147	4,843
Loan	64	Hampton Inn Marshall	1/12 of 4.0% of Rent for trailing 12 months			23,283	4,657	8,652
Loan	65	Fresenius Chicago	Springing		Springing		Springing	1,785
Loan	66	Ohio Plaza	1,456	50,000	3,465	21,351	5,338
Loan	67	La Quinta Inn & Suites Blue Springs	1st 18 months: 1/12 of 2.5% of the greater of (A) T-12 Gross Revenue and (B) Gross Revenue projected in the Annual Budget for the 12 month period; 19th month: 1/12 of 4% of the greater of (A) T-12 Gross Revenue and (B) Gross Revenue projected in the Annual Budget for the 12 month period			15,260	3,052	2,949
Loan	68	Stonegate Apartments	1,917			20,926	5,232	17,292
Loan	69	Derby Hills MHC	704			13,401	3,350	5,236
Loan	70	Marquis Apartments	429		Springing	31,000	10,333	593
Loan	71	Deere Road Industrial Park	3,393		5,938	46,083	12,583	46,875
Loan	72	Comfort Suites at the University Conway, SC	1/12 of 4.0% of Gross Income from Operations			8,250	2,750	16,047
Loan	73	Stardust MHC	536			16,206	4,051	3,049
Loan	74	Alta Vista MHC	571			4,636	2,318	2,381
Loan	75	47-30 & 31 Vernon Blvd	126	84,000	320	11,750	3,917	8,591
Loan	76	Chaparral Ranch MHC	530			1,510	503	569
Loan	77	Monument Meadow	408			1,584	528	1,190
Loan	78	Townhouse MHC	288			2,511	837	1,174
Loan	79	CVS Plano	Springing		Springing		Springing
Loan	80	Dollar General - Paynesville (38)					Springing
Loan	81	Dollar General - Yorktown (38)					Springing
Loan	82	Dollar General - St. Francis (38)					Springing
Loan	83	Dollar General - Battle Lake (38)					Springing

A-1-21

COMM 2015-CCRE23

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

Monthly

Upfront

Other

Environmental

Insurance

Engineering

Other

Reserves

Report

Engineering

Property Flag

Property Name

Reserves ($)(30)

Reserve($)(28)

Reserves ($)(28)

Description(29)(32)

Date(33)(34)

Report Date

Loan

9200 & 9220 Sunset (35)

9,000

501,964

Rent Abatement Reserve (Upfront: 501,964)

02/09/2015

02/10/2015

Loan

Courtyard by Marriott Portfolio (35)(36)

Springing

409,063

Springing

Ground Rent (Monthly: Springing)

Property

2.01

Courtyard Larkspur Landing Marin County

03/30/2015

Property

2.02

Courtyard San Mateo Foster City

03/30/2015

Property

2.03

Courtyard San Jose Cupertino

03/30/2015

Property

2.04

Courtyard Boulder

03/30/2015

Property

2.05

Courtyard Los Angeles Hacienda Heights

03/30/2015

Property

2.06

Courtyard Seattle South Center

03/30/2015

Property

2.07

Courtyard Rye

03/30/2015

Property

2.08

Courtyard Nashville Airport

03/30/2015

Property

2.09

Courtyard Los Angeles Torrance Palos Verdes

03/30/2015

Property

2.10

Courtyard St. Louis Creve Coeur

03/30/2015

Property

2.11

Courtyard Portland Beaverton

03/30/2015

Property

2.12

Courtyard Palm Springs

03/30/2015

Property

2.13

Courtyard Charlotte South Park

03/30/2015

Property

2.14

Courtyard Norwalk

04/10/2015

03/30/2015

Property

2.15

Courtyard Detroit Metro Airport

03/30/2015

Property

2.16

Courtyard Chicago Waukegan Gurnee

03/30/2015

Property

2.17

Courtyard Atlanta Perimeter Center

03/30/2015

Property

2.18

Courtyard Denver Tech Center

03/30/2015

Property

2.19

Courtyard Ft. Lauderdale Plantation

03/30/2015

Property

2.20

Courtyard Lincroft Red Bank

03/30/2015

Property

2.21

Courtyard Chicago Highland Park

03/30/2015

Property

2.22

Courtyard Charlottesville North

03/30/2015

Property

2.23

Courtyard Raleigh Cary

03/30/2015

Property

2.24

Courtyard Detroit Livonia

03/30/2015

Property

2.25

Courtyard Birmingham Homewood

03/30/2015

Property

2.26

Courtyard West Palm Beach

03/30/2015

Property

2.27

Courtyard New Haven Wallingford

03/30/2015

Property

2.28

Courtyard Dallas Plano Parkway

03/30/2015

Property

2.29

Courtyard Chicago Oakbrook Terrace

03/30/2015

Property

2.30

Courtyard Boston Andover

03/30/2015

Property

2.31

Courtyard Kansas City Overland Park Metcalf

03/30/2015

Property

2.32

Courtyard Minneapolis St Paul Airport

03/30/2015

Property

2.33

Courtyard Bakersfield

03/30/2015

Property

2.34

Courtyard Denver Stapleton

03/30/2015

Property

2.35

Courtyard Rockford

03/30/2015

Property

2.36

Courtyard Greenville Haywood Mall

03/30/2015

Property

2.37

Courtyard St. Louis Westport Plaza

03/30/2015

Property

2.38

Courtyard Chicago Lincolnshire

03/30/2015

Property

2.39

Courtyard San Antonio Downtown Market Square

03/30/2015

Property

2.40

Courtyard Indianapolis Castleton

03/30/2015

Property

2.41

Courtyard Silver Spring North

03/30/2015

Property

2.42

Courtyard Lexington North

03/30/2015

Property

2.43

Courtyard Tampa Westshore

03/30/2015

Property

2.44

Courtyard Chicago Deerfield

03/30/2015

Property

2.45

Courtyard St. Petersburg Clearwater

03/30/2015

Property

2.46

Courtyard Toledo Airport Holland

03/30/2015

Property

2.47

Courtyard Phoenix Mesa

03/30/2015

Property

2.48

Courtyard Atlanta Airport South

03/30/2015

Property

2.49

Courtyard Memphis Airport

03/30/2015

Property

2.50

Courtyard Oklahoma City Airport

03/30/2015

04/13/2015

Property

2.51

Courtyard Annapolis

03/30/2015

Property

2.52

Courtyard Manassas

03/30/2015

Property

2.53

Courtyard Little Rock

03/30/2015

Property

2.54

Courtyard Ft. Myers

03/30/2015

Property

2.55

Courtyard Atlanta Gwinnett Mall

03/30/2015

Property

2.56

Courtyard Chicago Arlington Heights South

03/30/2015

Property

2.57

Courtyard Dallas Richardson at Spring Valley

03/30/2015

Property

2.58

Courtyard Huntsville

03/30/2015

Property

2.59

Courtyard Birmingham Hoover

03/30/2015

Property

2.60

Courtyard Phoenix North Metrocenter

03/30/2015

Property

2.61

Courtyard Tucson Airport

03/30/2015

Property

2.62

Courtyard Dayton South Mall

03/30/2015

Property

2.63

Courtyard Philadelphia Devon

03/30/2015

Property

2.64

Courtyard Fresno

03/30/2015

Property

2.65

Courtyard Poughkeepsie

03/30/2015

Loan

DFW / Raleigh Portfolio

5,103

135,250

9,475,083

Capital Expenditure Holdback (Upfront: 9,475,083)

Property

3.01

Sutter Creek Apartments

12/22/2014

Property

3.02

Copper Crossing Apartments

12/22/2014

Property

3.03

Estrada Oaks Apartments

12/22/2014

Property

3.04

The Trestles Apartments

12/22/2014

Property

3.05

Remington Place Apartments

12/21/2014

12/22/2014

Property

3.06

The Timbers Apartments

12/22/2014

Loan

3 Columbus Circle (35)

Springing

3,500,000

4,915,084

Signage Conversion (Upfront: 2,524,836); Signage Rent (Upfront: 1,550,000); Rent Concession (Upfront: 840,248)

02/09/2015

02/17/2015

Loan

Maui Coast Hotel

23,989

02/27/2015

Loan

Sherman Plaza

3,664

605,525

Initial TI/LC Reserve (Upfront: 334,241); Free Rent Reserve (Upfront: 271,284); Lease Sweep Period (Monthly Springing: Excess Cash Flow)

03/19/2015

01/21/2015

Loan

Hacienda Club

9,899

02/04/2015

02/03/2015

Loan

DoubleTree San Diego (37)

6,622

2,402,139

PIP Reserve (Upfront: 2,402,139); Seasonality Reserve (Monthly: 62,500 for May 2015-August 2015)

02/18/2015

03/16/2015

Loan

Lake Arrowhead Village

8,378

700,000

300,000

Post Office Rollover Reserve (Upfront: 300,000)

03/04/2015

10/14/2014

Loan

100 Middle Street

3,822

1,000,000

Holdback Reserve (Upfront: 1,000,000)

03/12/2015

02/27/2015

Loan

Luxe Villas

1,787

04/24/2015

03/09/2015

Loan

SROA Portfolio

9,575

36,831

Property

12.01

SROA - London

01/05/2015

01/07/2015

Property

12.02

SROA - Danville & Danville Outdoor

01/09/2015

01/07/2015

Property

12.03

SROA - Ashland

01/08/2015

01/07/2015

Property

12.04

SROA - Paintsville & Paintsville additional

01/08/2015

01/07/2015

Property

12.05

SROA - Winchester Two (Therese)

01/07/2015

Property

12.06

SROA - Lawrenceburg

01/08/2015

01/07/2015

Property

12.07

SROA - Pikeville

01/08/2015

01/07/2015

Property

12.08

SROA - Mount Sterling

01/08/2015

01/07/2015

Property

12.09

SROA - Wheelersburg I (Duis)

01/07/2015

A-1-22

COMM 2015-CCRE23

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

Monthly

Upfront

Other

Environmental

Insurance

Engineering

Other

Reserves

Report

Engineering

Property Flag

Property Name

Reserves ($)(30)

Reserve($)(28)

Reserves ($)(28)

Description(29)(32)

Date(33)(34)

Report Date

Property

12.10

SROA - Morehead

01/06/2015

01/07/2015

Property

12.11

SROA - Berea

01/09/2015

01/07/2015

Property

12.12

SROA - Winchester I (Rockwell)

01/06/2015

01/07/2015

Property

12.13

SROA - Willard Storage (Walton)

01/09/2015

01/07/2015

Property

12.14

SROA - Willard (Tiffin)

01/08/2015

01/07/2015

Property

12.15

SROA - Hager Hill

01/09/2015

01/07/2015

Property

12.16

SROA - Morehead (Litton)

01/05/2015

01/07/2015

Property

12.17

SROA - Wheelersburg II (Ohio River)

01/07/2015

Property

12.18

SROA - Salyersville

01/09/2015

01/07/2015

Property

12.19

SROA - Greenwich

01/09/2015

01/07/2015

Property

12.20

SROA - West Liberty (Main)

01/06/2015

01/07/2015

Property

12.21

SROA - West Liberty (Glen)

01/06/2015

01/07/2015

Property

12.22

SROA - Whitesburg

01/06/2015

01/07/2015

Property

12.23

SROA - Willard (All-In-One)

01/08/2015

01/07/2015

Loan

La Gran Plaza (35)(38)

8,647

7,858,737

Development Agreement Reserve (Upfront: 5,000,000); Mercado Reserve (Upfront: 1,318,168); Free Rent Reserve (Upfront: 104,518); Unfunded Obligations Reserve (Upfront: 1,436,051)

03/09/2015

Loan

Waltonwood Twelve Oaks

Springing

175,867

Declaration Reserve (Upfront: 175,866.84, Monthly: 1,000)

02/05/2015

Loan

Star Building

4,101

4,803,627

Unicare TI/LC Reserve(Upfront: $716,674); Unicare Rent Allowance Reserve (Upfront $147,312); Navient Rent Allowance (Upfront: $970,636); Navient TI Allowance (Upfront: $2,969,005); Navient Lease Renewal Fund (Monthly Springing)

10/14/2014

10/07/2014

Loan

ART Florida & Ohio MF Portfolio II

7,587

100,000

Property

16.01

Woodlands

03/27/2015

02/27/2015

Property

16.02

Annhurst

03/27/2015

02/27/2015

Property

16.03

Miguel Place

03/27/2015

02/27/2015

Property

16.04

Oakwood Village

03/27/2015

02/27/2015

Property

16.05

Timbercreek

03/27/2015

02/27/2015

Loan

Wexford Portfolio (38)

6,132

12,420

285,000

Zoning Reserve (Upfront: 285,000)

Property

17.01

Capitol East Apartments

03/30/2015

03/06/2015

Property

17.02

Lexington Apartments

04/01/2015

03/06/2015

Property

17.03

1825 Maryland

03/30/2015

03/06/2015

Loan

Portage Crossing Shopping Center

2,083

2,318,584

Free Rent Reserve (Upfront: 318,584); Performance Reserve (Upfront: 2,000,000)

02/02/2015

Loan

Holiday Inn Manhattan View

6,546

12,500

280,000

Ground Rent Reserve (Upfront: 280,000); DSCR Reserve (Monthly: Springing)

12/29/2014

11/24/2014

Loan

DoubleTree Norwalk

Springing

112,000

Seasonality Reserve (Upfront: 112,000; Springing Monthly)

03/04/2015

02/06/2015

Loan

Champaign Portfolio

Springing

66,945

Springing

Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

Property

21.01

2110 Fox Drive

12/18/2014

12/19/2014

Property

21.02

1906 Fox Drive

12/19/2014

Property

21.03

2004 Fox Drive

12/19/2014

Property

21.04

Shoppes of Knollwood 1

12/19/2014

Property

21.05

Shoppes of Knollwood 2

12/19/2014

Property

21.06

1806 Fox Drive

12/19/2014

Property

21.07

2107 Neil

12/18/2014

12/19/2014

Property

21.08

2302 Fox Drive

12/18/2014

12/19/2014

Property

21.09

201 Knollwood

12/18/2014

12/19/2014

Property

21.10

1802 Fox Drive

12/19/2014

Loan

260 California San Francisco

Springing

258,392

Free Rent Reserve (Upfront: 258,392); Condominium Asset Reserves (Springing Monthly: 1/12 of the Condominium Assessments payable)

02/04/2015

02/03/2015

Loan

525 Park Avenue

1,182

18,207

Common Charge Payment Fund (Upfront: 18,207, Monthly: Springing)

01/20/2015

Loan

Winterwood Pavilion

2,424

287,000

Outstanding TI Reserve (Upfront:182,000); Rent Abatement Reserve (Upfront: 105,000); Occupancy Reserve (Springing Monthly: Excess Cash Flow)

02/17/2015

02/09/2015

Loan

Equus Business Center

Springing

04/06/2015

01/28/2015

Loan

Jordan Creek-Westwood Apartments

7,319

Property

26.01

Jordan Creek Apartments

02/11/2015

02/13/2015

Property

26.02

Westwood Apartments

02/11/2015

02/13/2015

Loan

Montara Village (38)

137,700

12,320

Environmental Reserve (Upfront: 12,320)

03/25/2015

Loan

Walgreens Portfolio (35)

Springing

Property

28.01

Walgreens- River Falls

10/21/2014

Property

28.02

Walgreens- Forrest City

10/21/2014

Property

28.03

Walgreens- Saint Louis (Lusher)

10/21/2014

Property

28.04

Walgreens- Saint Louis (Lemay)

10/29/2014

10/28/2014

Property

28.05

Walgreens- Saint Charles

10/21/2014

Property

28.06

Walgreens- Toledo

10/21/2014

Property

28.07

Walgreens- Birmingham

10/21/2014

Property

28.08

Walgreens- La Vista

10/21/2014

Property

28.09

Walgreens- Olathe

10/27/2014

10/28/2014

Property

28.10

Walgreens- Arkadelphia

10/27/2014

10/28/2014

Property

28.11

Walgreens- Franklin

10/28/2014

Property

28.12

Walgreens- Cincinnati

10/21/2014

Property

28.13

Walgreens- Malvern

10/21/2014

Property

28.14

Walgreens- Bartlett (5950)

10/21/2014

Property

28.15

Walgreens- Bartlett (6697)

10/28/2014

Property

28.16

Walgreens- Mount Washington

10/29/2014

Property

28.17

Walgreens- Florence

10/21/2014

Property

28.18

Walgreens- Little Rock

10/28/2014

10/31/2014

Property

28.19

Walgreens- Evansville

10/22/2014

10/21/2014

Property

28.20

Walgreens- Oklahoma City

10/27/2014

10/29/2014

Property

28.21

Walgreens- Hobart

10/16/2014

10/29/2014

Property

28.22

Walgreens- Memphis

10/29/2014

10/28/2014

Property

28.23

Walgreens- Oakland

10/21/2014

Property

28.24

Walgreens- Knoxville

10/27/2014

10/29/2014

Property

28.25

Walgreens- Decatur

10/21/2014

Property

28.26

Walgreens- Sioux Falls

10/28/2014

10/29/2014

Property

28.27

Walgreens- Enterprise

10/28/2014

Property

28.28

Walgreens- Tulsa

10/28/2014

10/29/2014

Property

28.29

Walgreens- Michigan City

10/21/2014

Loan

Lakeshore - Holiday Plaza MHC

3,329

58,000

07/29/2014

10/15/2014

Loan

Belle Villa MHC

1,951

528,307

Street Repairs

02/03/2015

01/29/2015

Loan

Highland Park Apartments (38)

3,022

68,319

70,738

Radon Gas Program Reserve (Upfront: 63,238); UIC Permit Reserve (Upfront: 7,500)

03/04/2015

01/28/2015

Loan

Pomona Office Tower

Springing

65,010

Springing

Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

01/19/2015

Loan

Preston Plano Parkway

Springing

339,743

72,000

Free Rent Reserve (Upfront: 72,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

03/10/2015

01/13/2015

Loan

College Station and The Polos Apartments

8,224

1,188

02/02/2015

01/30/2015

Loan

Washington Square Plaza

2,115

150,000

03/27/2015

03/24/2015

Loan

Aspire Center

Springing

Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

12/05/2014

Loan

Plaza Square North

Springing

32,859

44,206

Free Rent Reserve (Upfront: 44,206.06); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

12/05/2014

12/03/2014

Loan

8500 Valcour Industrial

3,643

03/06/2015

11/20/2014

Loan

Hillcrest Heights Shopping Center

1,500

41,656

500,000

Earn-Out Reserve (Upfront: 500,000); Save-A-Lot Reserve (Springing Monthly: Excess Cash Flow); Family Dollar Reserve (Springing Monthly: Excess Cash Flow)

02/03/2015

12/09/2014

Loan

Utica Medical Center

1,221

450,000

Tenant Holdback Reserve (Upfront: 450,000)

03/06/2015

02/20/2015

Loan

Hollywood Self Storage

1,657

58,552

80,000

Pre-existing Casualty Cost to Repair (Upfront: 80,000)

A-1-23

COMM 2015-CCRE23

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

Monthly

Upfront

Other

Environmental

Insurance

Engineering

Other

Reserves

Report

Engineering

Property Flag

Property Name

Reserves ($)(30)

Reserve($)(28)

Reserves ($)(28)

Description(29)(32)

Date(33)(34)

Report Date

Property

41.01

Evans

09/29/2014

11/18/2014

Property

41.02

Belair

09/29/2014

11/18/2014

Property

41.03

Martinez

09/29/2014

11/18/2014

Loan

Broadway Central

1,659

02/26/2015

02/27/2015

Loan

One Tower Creek

Springing

157,500

22,333

Free Rent Reserve (Upfront: 22,332.92); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

12/03/2014

Loan

North Park Mixed Use (38)

1,076

1,150,000

Earnout Reserve (Upfront: 1,150,000)

02/19/2015

Loan

Residence Inn Phoenix

90,713

Springing

Seasonal Working Capital Reserve (Monthly: Springing); PIP (Monthly: Springing)

11/04/2014

Loan

Holiday Inn Express Cool Springs

Springing

75,000

Seasonal Working Capital Reserve (Upfront: 75,000); PIP (Monthly: Springing)

12/11/2014

12/09/2014

Loan

Holiday Inn Express - Poughkeepsie

3,875

2,608,833

PIP Reserve (Upfront: 2,600,000); Ground Rent Reserve (Upfront: 8,833, Monthly: 8,833); Seasonality Reserve (Monthly: An amount equal to the lesser of: (x) 25% of the Seasonality Reserve Cap and (y) available cash flow

02/11/2015

Loan

IAA Brighton

Springing

39,752

Sole Tenant Fund (Upfront: 39,751.54)

02/25/2015

02/20/2015

Loan

1815 Griffin Road

1,532

02/06/2015

02/04/2015

Loan

9061 Euclid Avenue

1,149

63,375

Springing

Lease Sweep Reserve (Monthly: Springing)

02/05/2015

09/11/2014

Loan

Riverview MHC

475

02/25/2015

03/30/2015

Loan

Hampton Inn Titusville

4,490

6,050

1,300,000

PIP Reserve (Upfront: 1,300,000); Seasonal Reserve Fund (Monthly: Springing)

03/02/2015

02/06/2015

Loan

Hampton Inn Terre Haute

3,948

872,869

PIP (Upfront: 862,869); Seasonal Working Capital (Upfront: 10,000, Monthly April - November: 13,750)

01/21/2015

01/22/2015

Loan

Holiday Inn Express Pauls Valley

3,333

165,625

PIP Reserve (Upfront: 165,625)

03/13/2015

03/12/2015

Loan

Ridge Plaza Shopping Center

1,603

Springing

Wawa Renewal Fund (Monthly: Springing)

03/04/2015

Loan

StoreSmart Rockledge

4,455

02/17/2015

02/13/2015

Loan

The Residences at Summit View

Springing

12/12/2014

Loan

Paradise Valley Ranch MHC

604

51,313

11/25/2014

12/16/2014

Loan

HomeGoods Thousand Oaks

668

Springing

HomeGoods Reserve (Monthly Springing: Excess Cash Flow); Co-Tenancy Reserve (Springing Monthly: Excess Cash Flow)

04/06/2015

12/09/2014

Loan

CVS McDonough

Springing

Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

02/03/2015

Loan

StoreSmart Naples

3,344

4,538

Association Dues Reserve (Upfront: 4,538; Monthly: Springing)

03/06/2015

03/04/2015

Loan

Americana Apartments

1,120

04/20/2015

03/26/2015

Loan

Country Inn & Suites Sioux Falls, SD

2,421

5,625

400,000

Renovation Reserve Holdback (Upfront: $400,000)

01/16/2015

Loan

Hampton Inn Marshall

2,884

25,059

524,688

PIP Reserve (Upfront: 497,688, Springing: One-time deposit); Seasonality Reserve (Upfront: 27,000, Springing Monthly: Excess Cash Flow)

12/03/2014

Loan

Fresenius Chicago

892

02/06/2015

02/04/2015

Loan

Ohio Plaza

Springing

Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)

01/23/2015

01/22/2015

Loan

La Quinta Inn & Suites Blue Springs

1,474

205,000

PIP Reserve (Upfront: 200,000; Monthly: 1/12 of 4% of the greater of: (A) T-12 Gross Revenue and (B) Budgeted Gross Revenue for the 1st 18 months; Springing cash sweep); Seasonality Reserve (Upfront: 8,000; Monthly: the lesser of: (x) 25% of Reserve Cap and (y) excess cash)

12/19/2014

12/23/2014

Loan

Stonegate Apartments

2,470

7,438

02/02/2015

01/26/2015

Loan

Derby Hills MHC

748

30,669

12/22/2014

12/17/2014

Loan

Marquis Apartments

296

1,000,000

Liquidity Deposit Reserve (Upfront: 1,000,000)

03/08/2015

01/30/2015

Loan

Deere Road Industrial Park

5,208

15,000

17,299

Keebler Landlord Obligations

03/09/2015

01/21/2015

Loan

Comfort Suites at the University Conway, SC

4,012

102,000

596,813

PIP Reserve (Upfront: 584,690); Seasonality Reserve (Upfront: 12,123); Seasonality Reserve (Monthly: Springing)

12/03/2014

Loan

Stardust MHC

762

12,288

02/25/2015

03/30/2015

Loan

Alta Vista MHC

1,190

109,438

10/22/2014

12/09/2014

Loan

47-30 & 31 Vernon Blvd

861

6,000

10,816

Rent Reserve (Upfront: 10,816)

02/19/2015

02/11/2015

Loan

Chaparral Ranch MHC

285

15,625

70,625

Seasonality Reserve (Upfront: 55,000); Septic Tank Repair Reserve (Upfront: 15,625)

11/25/2014

12/18/2014

Loan

Monument Meadow

595

43,750

02/12/2015

03/05/2015

Loan

Townhouse MHC

293

27,723

10/29/2014

10/31/2014

Loan

CVS Plano

Springing

Credit Rating Reserve (Springing Monthly: Excess Cash Flow)

02/19/2015

Loan

Dollar General - Paynesville (38)

Springing

02/05/2015

Loan

Dollar General - Yorktown (38)

Springing

02/16/2015

Loan

Dollar General - St. Francis (38)

Springing

02/12/2015

02/13/2015

Loan

Dollar General - Battle Lake (38)

Springing

02/13/2015

A-1-24

COMM 2015-CCRE23

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

Existing

Future Debt

Loan

Additional Debt

Permitted

Property Flag

Property Name

Purpose

Sponsor

Guarantor

Amount

Existing Additional Debt Description

Type

Loan

9200 & 9220 Sunset (35)

Refinance

Simon Mani; Daniel Mani

90,000,000

Pari Passu Debt

NAP

Loan

Courtyard by Marriott Portfolio (35)(36)

Refinance

CBM Joint Venture Limited Partnership

570,000,000

$215,000,000 Pari Passu Debt; $355,000,000 Subordinate Secured Debt

NAP

Property

2.01

Courtyard Larkspur Landing Marin County

Property

2.02

Courtyard San Mateo Foster City

Property

2.03

Courtyard San Jose Cupertino

Property

2.04

Courtyard Boulder

Property

2.05

Courtyard Los Angeles Hacienda Heights

Property

2.06

Courtyard Seattle South Center

Property

2.07

Courtyard Rye

Property

2.08

Courtyard Nashville Airport

Property

2.09

Courtyard Los Angeles Torrance Palos Verdes

Property

2.10

Courtyard St. Louis Creve Coeur

Property

2.11

Courtyard Portland Beaverton

Property

2.12

Courtyard Palm Springs

Property

2.13

Courtyard Charlotte South Park

Property

2.14

Courtyard Norwalk

Property

2.15

Courtyard Detroit Metro Airport

Property

2.16

Courtyard Chicago Waukegan Gurnee

Property

2.17

Courtyard Atlanta Perimeter Center

Property

2.18

Courtyard Denver Tech Center

Property

2.19

Courtyard Ft. Lauderdale Plantation

Property

2.20

Courtyard Lincroft Red Bank

Property

2.21

Courtyard Chicago Highland Park

Property

2.22

Courtyard Charlottesville North

Property

2.23

Courtyard Raleigh Cary

Property

2.24

Courtyard Detroit Livonia

Property

2.25

Courtyard Birmingham Homewood

Property

2.26

Courtyard West Palm Beach

Property

2.27

Courtyard New Haven Wallingford

Property

2.28

Courtyard Dallas Plano Parkway

Property

2.29

Courtyard Chicago Oakbrook Terrace

Property

2.30

Courtyard Boston Andover

Property

2.31

Courtyard Kansas City Overland Park Metcalf

Property

2.32

Courtyard Minneapolis St Paul Airport

Property

2.33

Courtyard Bakersfield

Property

2.34

Courtyard Denver Stapleton

Property

2.35

Courtyard Rockford

Property

2.36

Courtyard Greenville Haywood Mall

Property

2.37

Courtyard St. Louis Westport Plaza

Property

2.38

Courtyard Chicago Lincolnshire

Property

2.39

Courtyard San Antonio Downtown Market Square

Property

2.40

Courtyard Indianapolis Castleton

Property

2.41

Courtyard Silver Spring North

Property

2.42

Courtyard Lexington North

Property

2.43

Courtyard Tampa Westshore

Property

2.44

Courtyard Chicago Deerfield

Property

2.45

Courtyard St. Petersburg Clearwater

Property

2.46

Courtyard Toledo Airport Holland

Property

2.47

Courtyard Phoenix Mesa

Property

2.48

Courtyard Atlanta Airport South

Property

2.49

Courtyard Memphis Airport

Property

2.50

Courtyard Oklahoma City Airport

Property

2.51

Courtyard Annapolis

Property

2.52

Courtyard Manassas

Property

2.53

Courtyard Little Rock

Property

2.54

Courtyard Ft. Myers

Property

2.55

Courtyard Atlanta Gwinnett Mall

Property

2.56

Courtyard Chicago Arlington Heights South

Property

2.57

Courtyard Dallas Richardson at Spring Valley

Property

2.58

Courtyard Huntsville

Property

2.59

Courtyard Birmingham Hoover

Property

2.60

Courtyard Phoenix North Metrocenter

Property

2.61

Courtyard Tucson Airport

Property

2.62

Courtyard Dayton South Mall

Property

2.63

Courtyard Philadelphia Devon

Property

2.64

Courtyard Fresno

Property

2.65

Courtyard Poughkeepsie

Loan

DFW / Raleigh Portfolio

Acquisition

Franck A. Ruimy

None

NAP

Property

3.01

Sutter Creek Apartments

Property

3.02

Copper Crossing Apartments

Property

3.03

Estrada Oaks Apartments

Property

3.04

The Trestles Apartments

Property

3.05

Remington Place Apartments

Property

3.06

The Timbers Apartments

Loan

3 Columbus Circle (35)

Refinance

SL Green Realty Corp.; Joseph Moinian

260,000,000

Pari Passu Debt

NAP

Loan

Maui Coast Hotel

Refinance

J. Stephen Goodfellow; Rodney Olson

None

NAP

Loan

Sherman Plaza

Refinance

Adam Saitman; Alan Marsh; David Fradin; Brian Lezak; Michael Fradin

None

NAP

Loan

Hacienda Club

Refinance

Donald C. Fort

None

NAP

Loan

DoubleTree San Diego (37)

Acquisition

Graham Hershman; Julie A. Dumon; Julie A. Dumon Trust Dated March 24, 2006; Michael Payne; Gregory J. Burden

5,750,000

Mezzanine

NAP

Loan

Lake Arrowhead Village

Refinance

Peter Hollingshead; Thomas A. Cologna

None

NAP

Loan

100 Middle Street

Acquisition

Mark J. McInerney; Christopher J. Knisley

None

NAP

Loan

Luxe Villas

Refinance

Naum Neil Shekhter; Margot V. Shekhter

None

NAP

Loan

SROA Portfolio

Acquisition

Benjamin Macfarland; Todd Marshall

None

NAP

Property

12.01

SROA - London

Property

12.02

SROA - Danville & Danville Outdoor

Property

12.03

SROA - Ashland

Property

12.04

SROA - Paintsville & Paintsville additional

Property

12.05

SROA - Winchester Two (Therese)

Property

12.06

SROA - Lawrenceburg

Property

12.07

SROA - Pikeville

Property

12.08

SROA - Mount Sterling

Property

12.09

SROA - Wheelersburg I (Duis)

A-1-25

COMM 2015-CCRE23

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

Existing

Future Debt

Loan

Additional Debt

Permitted

Property Flag

Property Name

Purpose

Sponsor

Guarantor

Amount

Existing Additional Debt Description

Type

Property

12.10

SROA - Morehead

Property

12.11

SROA - Berea

Property

12.12

SROA - Winchester I (Rockwell)

Property

12.13

SROA - Willard Storage (Walton)

Property

12.14

SROA - Willard (Tiffin)

Property

12.15

SROA - Hager Hill

Property

12.16

SROA - Morehead (Litton)

Property

12.17

SROA - Wheelersburg II (Ohio River)

Property

12.18

SROA - Salyersville

Property

12.19

SROA - Greenwich

Property

12.20

SROA - West Liberty (Main)

Property

12.21

SROA - West Liberty (Glen)

Property

12.22

SROA - Whitesburg

Property

12.23

SROA - Willard (All-In-One)

Loan

La Gran Plaza (35)(38)

Refinance

Andrew J. Segal

50,000,000

Pari Passu Debt

Mezzanine

Loan

Waltonwood Twelve Oaks

Refinance

Gurmale S. Grewal; Jeat S. Grewal; Lushman S. Grewal

None

NAP

Loan

Star Building

Refinance

Gregory Pettinaro

None

NAP

Loan

ART Florida & Ohio MF Portfolio II

Refinance

Arbor Realty SR, Inc.

None

NAP

Property

16.01

Woodlands

Property

16.02

Annhurst

Property

16.03

Miguel Place

Property

16.04

Oakwood Village

Property

16.05

Timbercreek

Loan

Wexford Portfolio (38)

Refinance

Eric S. Kretschman

None

Mezzanine

Property

17.01

Capitol East Apartments

Property

17.02

Lexington Apartments

Property

17.03

1825 Maryland

Loan

Portage Crossing Shopping Center

Refinance

Robert L. Stark

None

NAP

Loan

Holiday Inn Manhattan View

Refinance

Delwar Hussain; Hafeez Choudhary; Mark Farruqui

None

NAP

Loan

DoubleTree Norwalk

Refinance

John A. Bobango; Stephen M. Balton

None

NAP

Loan

Champaign Portfolio

Refinance

Marvin Romanek; Peter Holstein; Bruce Bachmann

None

NAP

Property

21.01

2110 Fox Drive

Property

21.02

1906 Fox Drive

Property

21.03

2004 Fox Drive

Property

21.04

Shoppes of Knollwood 1

Property

21.05

Shoppes of Knollwood 2

Property

21.06

1806 Fox Drive

Property

21.07

2107 Neil

Property

21.08

2302 Fox Drive

Property

21.09

201 Knollwood

Property

21.10

1802 Fox Drive

Loan

260 California San Francisco

Refinance

Swift Realty Partners LLC

None

NAP

Loan

525 Park Avenue

Acquisition

Harold Schertz

None

NAP

Loan

Winterwood Pavilion

Recapitalization

J. Christopher Dapper; Scott Silver

None

NAP

Loan

Equus Business Center

Refinance

Tracy D. Nakazaki; Robin C. Nakazaki

None

NAP

Loan

Jordan Creek-Westwood Apartments

Refinance

Robert J. Caluzzi; Lori Anne Caluzzi

None

NAP

Property

26.01

Jordan Creek Apartments

Property

26.02

Westwood Apartments

Loan

Montara Village (38)

Acquisition

Ross H. Partrich

None

Mezzanine

Loan

Walgreens Portfolio (35)

Acquisition

Cole Operating Partnership IV, LP

103,065,000

Pari Passu Debt

NAP

Property

28.01

Walgreens- River Falls

Property

28.02

Walgreens- Forrest City

Property

28.03

Walgreens- Saint Louis (Lusher)

Property

28.04

Walgreens- Saint Louis (Lemay)

Property

28.05

Walgreens- Saint Charles

Property

28.06

Walgreens- Toledo

Property

28.07

Walgreens- Birmingham

Property

28.08

Walgreens- La Vista

Property

28.09

Walgreens- Olathe

Property

28.10

Walgreens- Arkadelphia

Property

28.11

Walgreens- Franklin

Property

28.12

Walgreens- Cincinnati

Property

28.13

Walgreens- Malvern

Property

28.14

Walgreens- Bartlett (5950)

Property

28.15

Walgreens- Bartlett (6697)

Property

28.16

Walgreens- Mount Washington

Property

28.17

Walgreens- Florence

Property

28.18

Walgreens- Little Rock

Property

28.19

Walgreens- Evansville

Property

28.20

Walgreens- Oklahoma City

Property

28.21

Walgreens- Hobart

Property

28.22

Walgreens- Memphis

Property

28.23

Walgreens- Oakland

Property

28.24

Walgreens- Knoxville

Property

28.25

Walgreens- Decatur

Property

28.26

Walgreens- Sioux Falls

Property

28.27

Walgreens- Enterprise

Property

28.28

Walgreens- Tulsa

Property

28.29

Walgreens- Michigan City

Loan

Lakeshore - Holiday Plaza MHC

Refinance

Joseph I. Wolf

None

NAP

Loan

Belle Villa MHC

Acquisition

Michael Callaghan

None

NAP

Loan

Highland Park Apartments (38)

Refinance

Alan N. O’Kain; Victoria E. O’Kain

None

Mezzanine

Loan

Pomona Office Tower

Refinance

David Y. Lee; Wolfgang Kupka

None

NAP

Loan

Preston Plano Parkway

Refinance

Seymour Nevada, Inc.

None

NAP

Loan

College Station and The Polos Apartments

Refinance

Bruce Kirkland

Carol Kirkland; Bruce Kirkland

None

NAP

Loan

Washington Square Plaza

Refinance

Jack William Hanna; Jonathon Weston Hanna

None

NAP

Loan

Aspire Center

Refinance

Andrew M. Kaplan

None

Unsecured Debt

Loan

Plaza Square North

Refinance

Fishman Holdings Canada Property Investment Trust XI; Industrial Buildings Corporation Ltd.

None

NAP

Loan

8500 Valcour Industrial

Refinance

Thomas E. Roberts; Michael J. Roberts

None

NAP

Loan

Hillcrest Heights Shopping Center

Refinance

Gregory Fernebok; Joshua Fernebok

None

NAP

Loan

Utica Medical Center

Refinance

MIU Holdings, L.L.C.; Brian V. Guz

None

NAP

Loan

Hollywood Self Storage

Refinance

Terry Randolph

None

NAP

A-1-26

COMM 2015-CCRE23

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

Existing

Future Debt

Loan

Additional Debt

Permitted

Property Flag

Property Name

Purpose

Sponsor

Guarantor

Amount

Existing Additional Debt Description

Type

Property

41.01

Evans

Property

41.02

Belair

Property

41.03

Martinez

Loan

Broadway Central

Refinance

Gerald H. Heidt

None

NAP

Loan

One Tower Creek

Refinance

Fishman Holdings Canada Property Investment Trust XI; Industrial Buildings Corporation Ltd.

None

NAP

Loan

North Park Mixed Use (38)

Refinance

Mike Burnett; Thomas W. Keating individually and as trustee for the Thomas W. Keating Family 1988 Trust

None

Mezzanine

Loan

Residence Inn Phoenix

Refinance

Muhammad Virani

None

NAP

Loan

Holiday Inn Express Cool Springs

Refinance

Nitesh Patel; Nimesh Naran Patel

None

NAP

Loan

Holiday Inn Express - Poughkeepsie

Acquisition

Michael Sullivan; Lawrence Kasser; Christopher Gistis

None

NAP

Loan

IAA Brighton

Refinance

Jon Savignano; Sandra D. Spano

None

NAP

Loan

1815 Griffin Road

Refinance

Charles Steven Cohen

None

NAP

Loan

9061 Euclid Avenue

Acquisition

Michael Brodsky

None

NAP

Loan

Riverview MHC

Refinance

Bryan R. Bickmore

None

NAP

Loan

Hampton Inn Titusville

Acquisition

Suman R. Patel

None

NAP

Loan

Hampton Inn Terre Haute

Acquisition

Rakesh Chauhan; Manoj Chauhan; Andy Chopra

None

NAP

Loan

Holiday Inn Express Pauls Valley

Refinance

Bipin Patel

None

NAP

Loan

Ridge Plaza Shopping Center

Acquisition

Robert F. Whalen, Jr.

None

NAP

Loan

StoreSmart Rockledge

Acquisition

W. Bradford Sherman

None

NAP

Loan

The Residences at Summit View

Refinance

Allen G. Zaring, IV; Daniel A. Schimberg

None

NAP

Loan

Paradise Valley Ranch MHC

Acquisition

Tery R. Larrew; Julia P. Larrew; Rhett Trees; Lindsey Trees

None

NAP

Loan

HomeGoods Thousand Oaks

Refinance

Rose M. Larson

None

NAP

Loan

CVS McDonough

Acquisition

Ruth Jeanette Veprin

None

NAP

Loan

StoreSmart Naples

Recapitalization

W. Bradford Sherman

None

NAP

Loan

Americana Apartments

Refinance

Vicky Palivos

None

NAP

Loan

Country Inn & Suites Sioux Falls, SD

Refinance

Steve Kluvers

None

NAP

Loan

Hampton Inn Marshall

Refinance

Opinder Dhillon

None

NAP

Loan

Fresenius Chicago

Acquisition

Louis J. Rogers

None

NAP

Loan

Ohio Plaza

Refinance

Francis Greenburger

None

NAP

Loan

La Quinta Inn & Suites Blue Springs

Refinance

Hitesh Patel; Gitaben Patel

None

NAP

Loan

Stonegate Apartments

Refinance

Carol Kirkland; Bruce Kirkland

None

NAP

Loan

Derby Hills MHC

Refinance

Kurtis P Keeney; Nathaniel G Smith; Dennis R Williams

None

NAP

Loan

Marquis Apartments

Acquisition

Marquis River Holdings, Inc.

None

NAP

Loan

Deere Road Industrial Park

Recapitalization

David L. Husman; David L. Husman Trust

None

NAP

Loan

Comfort Suites at the University Conway, SC

Refinance

John W. Gandy

None

NAP

Loan

Stardust MHC

Refinance

Kay H. Song; Charles H. Song

None

NAP

Loan

Alta Vista MHC

Refinance

Perry Hacking

None

NAP

Loan

47-30 & 31 Vernon Blvd

Refinance

Raphy Benaim

None

NAP

Loan

Chaparral Ranch MHC

Acquisition

Tery R. Larrew; Julia P. Larrew; Rhett Trees; Lindsey Trees

None

NAP

Loan

Monument Meadow

Refinance

Patrick Shannon

None

NAP

Loan

Townhouse MHC

Refinance

William D.H. Francis; Shan L. Francis; Sayle Allen Brown, III

None

NAP

Loan

CVS Plano

Acquisition

Tilda Rinette Crispi Mann; David L. Crispi; Diana F. Crispi

None

NAP

Loan

Dollar General - Paynesville (38)

Acquisition

NAP

None

Mezzanine

Loan

Dollar General - Yorktown (38)

Acquisition

NAP

None

Mezzanine

Loan

Dollar General - St. Francis (38)

Acquisition

NAP

None

Mezzanine

Loan

Dollar General - Battle Lake (38)

Acquisition

NAP

None

Mezzanine

A-1-27

FOOTNOTES TO ANNEX A-1

Loan numbers listed below refer to the ID number identified on Annex A-1 for the related Mortgage Loan

(1)	GACC—German American Capital Corporation or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P.; LCF—Ladder Capital Finance LLC, or one of its affiliates; JLC—Jefferies LoanCore LLC or one of its affiliates; GECC—General Electric Capital Corporation or one of its affiliates

(2)

Loan No. 1 – 9200 & 9220 Sunset – The Original Balance and Cut-off Date Balance of $120.0 million represent the controlling Note A-2 and Note A-3 of a $210.0 million whole loan evidenced by three pari passu notes. It is anticipated that the pari passu companion loan (Note A-1) in the original principal amount of $90.0 million will be included in a future securitization.

Loan No. 2 – Courtyard by Marriott Portfolio – The Original Balance ($) and Cut-off Date Balance ($) of $100.0 million represent the Note A-2A of a $670.0 million whole loan evidenced by four pari passu notes with an aggregate original principal balance of $315.0 million and one subordinate note with an original principal balance of $355.0 million. The pari passu companion loans are the Note A-1 with an original principle balance of $33.5 million, which will be included in the COMM 2015-CCRE23 Trust but will not be pooled, and the Note A-2B and Note A-2C, with an aggregate original balance of $181.5 million, both of which will be held by GACC and are expected to be contributed to one or more future securitizations. The Note B, in the original principal amount of $355.0 million, will be included in the COMM 2015-CCRE23 Trust but will not be pooled.

Loan No. 4 – 3 Columbus Circle – The Original Balance ($) and Cut-off Date Balance ($) of $90.0 million represent the Note A-1 of a $350.0 million whole loan evidenced by six pari passu notes. The pari passu companion loans are the Note A-2 and Note A-5, in the aggregate original principal amount of $100.0 million, which were included in the CGMT 2015-GC29 transaction, the Note A-3 and Note A-6 in the aggregate original principal amount of $75.0 million, which were included in the WFCM 2015-LC20 transaction and the Note A-4, in the original principal amount of $85.0 million, which was included in the COMM 2015-CCRE22 transaction.

Loan No. 13 - La Gran Plaza – The Original Balance and Cut-off Date Balance of $26.0 million represents the Note A-3 of a $76.0 million whole loan evidenced by three pari passu notes. The pari passu companion loans are comprised of the controlling Note A-1, with an original principal amount of $26.0 million, and the non-controlling Note A-2, with an original principal amount of $24.0 million, both of which will be held by LCF or an affiliate as of the closing date.

Loan No. 28 – Walgreens Portfolio – The Original Balance and Cut-off Date Balance of $16.0 million represents the Note A-3 of an approximate $119.1 million whole loan evidenced by three pari passu notes. The pari passu companion loans are comprised of the controlling Note A-1, with an original principal amount of $64.0 million, and the non-controlling Note A-2, with an original principal amount of $39.1 million, which were included in the WFCM 2015-LC20 mortgage trust and the COMM 2015-LC19 mortgage trust, respectively.

(3)	With respect to any Mortgaged Property securing a multi property Mortgage Loan, the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount related to such Mortgaged Property.

(4)	Loan No. 13 – La Gran Plaza – The La Gran Plaza Mortgaged Property’s Net Rentable Area (SF/Units/Rooms/Pads/Beds/Homes) of 1,030,613 sq. ft. reflects 898,606 sq. ft. of retail space and 132,007 sq. ft. of office space.

A-1-28

Loan No. 35 – Washington Square Plaza – The Washington Square Plaza Mortgaged Property’s Net Rentable Area (SF/Units/Rooms/Pads/Beds/Homes) of 91,662 sq. ft. reflects 49,174 sq. ft. of retail space and 42,488 sq. ft. of office space.

(5)

Loan No. 80 – Dollar General – Paynesville – The Dollar General – Paynesville Mortgage Loan has an ARD feature with an anticipated repayment date of March 6, 2025, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of March 6, 2035 of the sum of 5.1660% and 3.0000% or 8.1660%.

Loan No. 81 – Dollar General – Yorktown – The Dollar General – Yorktown Mortgage Loan has an ARD feature with an anticipated repayment date of April 6, 2025, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of April 6, 2035 of the sum of 5.1660% and 3.0000% or 8.1660%.

Loan No. 82 – Dollar General – St. Francis – The Dollar General – St. Francis Mortgage Loan has an ARD feature with an anticipated repayment date of April 6, 2025, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of April 6, 2035 of the sum of 5.1660% and 3.0000% or 8.1660%.

Loan No. 83 – Dollar General – Battle Lake – The Dollar General – Battle Lake Mortgage Loan has an ARD feature with an anticipated repayment date of April 6, 2025, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of April 6, 2035 of the sum of 5.1660% and 3.0000% or 8.1660%.

(6)

The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. The Pari Passu Loan Primary Servicing Fee Rate for the 3 Columbus Circle Mortgage Loan will be 0.0025%.

(7)

Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12 month period following the Cut-off Date (or, in the case of Monthly Debt Service, the average of such interest only payments).

(8)

“Hard” generally means each tenant is required to transfer its rent directly to the lender controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over the-counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender controlled lockbox. “Soft Springing Hard” means that the borrower has established a

A-1-29

lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox.

(9)

“In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents).

(10)

Loan No. 1 – 9200 & 9220 Sunset – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loan in the aggregate.

Loan No. 2 – Courtyard by Marriott Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds/Homes) ($) are calculated based on the senior tranche of the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.

Loan No. 4 – 3 Columbus Circle – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds/Homes) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.

Loan No. 13 - La Gran Plaza – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds/Homes) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.

Loan No. 28 – Walgreens Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds/Homes) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.

(11)	Loan No. 2 – Courtyard by Marriott Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area calculations exclude the Courtyard by Marriott B-Note.

(12)

The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this free writing prospectus.

(13)	Loan No. 2 – Courtyard by Marriott Portfolio – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the Portfolio “As is” Value of $1,116,000,000 which reflects a premium attributed to the aggregate value of the Courtyard by Marriott Portfolio

A-1-30

Mortgage Loan as a whole. The sum of the value of each of the properties on an individual basis is $1,041,000,000.

Loan No. 3 – DFW / Raleigh Portfolio – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” values with as of dates ranging from December 2015 to June 2016. The “As Complete” appraised value accounts for planned renovations being performed at each property. At closing the full cost of the renovations, approximately $9.5 million, was held back by the lender. The “As-is” Appraised value is $117,500,000.

Loan No. 8 – DoubleTree San Diego – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value as of March 11, 2016. The value assumes planned renovations are completed in 2015. The loan is structured with an upfront PIP reserve in the amount of $2,402,139. The “As is” value is $50,400,000.

Loan No. 10 – 100 Middle Street – Cut-off Date LTV Ratio is calculated net of the $1,000,000 holdback reserve. Based on the “As Stabilized” Appraised Value of $43,000,000, which assumes the completion of the borrower’s capital improvement program and a forecast of 12-months to release the Bank of America space, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 72.1% and 61.3%, respectively.

Loan No. 38 – 8500 Valcour Industrial – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value as of September 12, 2015. The “As Complete” appraised value assumes the completion of approximately $2,189,415 in capital expenditures. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-is” appraised value of $9,850,000 are 92.8% and 75.6%, respectively.

Loan No. 47 – Holiday Inn Express - Poughkeepsie – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value as of February 1, 2016. The value assumes planned renovations are completed in 2015. The loan is structured with an upfront PIP reserve in the amount of $2,600,000. The “As is” value is $9,200,000.

Loan No. 52 – Hampton Inn Titusville – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on “As Stabilized” of $10,000,000, which assumes the completion of a $1.3 million PIP. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-is” appraised value of $7,500,000 are 86.4% and 70.1%, respectively.

Loan No. 53 – Hampton Inn Terre Haute – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value as of January 1, 2015. The “As Complete” appraised value is based on the completion of the PIP renovation. The entire PIP amount of $862,869 has been reserved by the Lender. The “As is” value is $8,000,000.

Loan No. 62 – Americana Apartments – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on “As is” value of the fee simple interest and FF&E. The appraiser determined an “As is” value of $5,925,000 and FF&E value of $120,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-is” appraised value of $5,925,000 are 76.5% and 61.0%, respectively.

Loan No. 67 – La Quinta Inn & Suites Blue Springs – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value as of December 15, 2014. The value assumes planned renovations are completed in 2015. The loan is structured with an upfront PIP reserve in the amount of $200,000. The “As is” value is $5,700,000.

(14)	Loan No. 70 – Marquis Apartments – The Marquis Apartments Mortgaged Property is comprised of 18 multifamily units and 1 commercial unit.

(15)	Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.

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“L(x)” means lock-out for x payments.

“D(x)” means may be defeased for x payments.

“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.

“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.

“YM2(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 2% of the amount prepaid.

“YM3(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 3% of the amount prepaid.

“O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date.

Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this free writing prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases” in this free writing prospectus.

Loan No. 2 – Courtyard by Marriott Portfolio – The lockout period will be at least 25 payments beginning with and including the first payment date of May 6, 2015. Defeasance of the full $670.0 million Courtyard by Marriott Portfolio Mortgage Loan (other than the non-pooled Note A-1 which permits prepayment in connection with a property release after a 12 month lockout period from loan closing) is permitted after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu companion loan and (ii) March 31, 2018. For the purposes of this free writing prospectus, the assumed lockout period of 25 months is based on the expected COMM 2015-CCRE23 securitization closing date in May 2015. The actual lockout period may be longer.

Loan No. 13 – La Gran Plaza – The lockout period will be at least 24 payment dates beginning with and including the first payment date of June 6, 2015. Prepayment of the full $76.0 million LaGran Plaza Loan Combination is permitted on the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) April 13, 2018.

(16)

Loan No. 2 – Courtyard by Marriott Portfolio – The Courtyard by Marriott Portfolio Mortgage Loan allows for the release of an individual property upon a bona fide third-party sale, after the expiration of the lockout period by partially defeasing an amount of principal equal to 115% of the allocated Mortgage Loan amount of the subject Mortgaged Property or Mortgaged Properties (or for the three Mortgaged Properties that have no allocated loan amount, 62.5% of the appraised value of such Mortgaged Property), and subject to terms and conditions set forth in the Mortgage Loan documents, including but not limited to, (i) the DSCR for the remaining Mortgaged Properties is not less than the greater of the DSCR immediately preceding the partial release and the DSCR at closing, (ii) the Debt Yield for the remaining Mortgaged Properties is not less than the greater of the Debt Yield immediately preceding the partial release and the Debt Yield at closing, (iii) no event of default under the Mortgage Loan has occurred nor is continuing and (iv) such release complies with REMIC requirements. In addition, after May 6, 2016, the borrower is allowed to prepay a portion of the outstanding principal balance in connection with a property release not to exceed $33,500,000 without payment of a prepayment premium, penalty or fee.

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Loan No. 3 – DFW / Raleigh Portfolio – The DFW / Raleigh Portfolio Mortgage Loan allows for the release of an individual property upon a bona fide third-party sale, after the expiration of the lockout period by partially defeasing an amount of principal equal to the greater of (a) 125% of the allocated Mortgage Loan amount of the subject Mortgaged Property or Mortgaged Properties and (b) 100% of the net sales proceeds, and subject to terms and conditions set forth in the Mortgage Loan documents, including but not limited to, (i) the LTV for the remaining Mortgaged Properties does not exceed the lesser of the LTV immediately preceding such release and 74.5%, (ii) the DSCR for the remaining Mortgaged Properties is not less than the greater of the DSCR immediately preceding the partial release and 1.31x, (iii) no event of default under the Mortgage Loan has occurred nor is continuing and (iv) such release complies with REMIC requirements. In addition, in the event of a casualty or condemnation at any individual property where net insurance or award proceeds are greater than 40% of the allocated loan amount for such individual property and the lender elects to apply the proceeds to the repayment of the debt, borrowers may obtain a release of such property, provided that the borrowers repay the remainder of 125% of the allocated Mortgage Loan amount for the subject Mortgaged Property less the amount of proceeds applied by the lender and the release and repayment complies with REMIC requirements and the other requirements of the Mortgage Loan documents.

Loan No. 12 – SROA Portfolio – The SROA Portfolio Mortgage Loan allows for the release of an individual property upon a bona fide third-party sale, after the expiration of the lockout period by partially defeasing an amount of principal equal to the greater of (a) 125% of the allocated Mortgage Loan amount of the subject Mortgaged Property or Mortgaged Properties and (b) 100% of the net sales proceeds, and subject to terms and conditions set forth in the Mortgage Loan documents, including but not limited to, (i) the LTV for the remaining Mortgaged Properties does not exceed the lesser of the LTV immediately preceding such release and 75.0%, (ii) the DSCR for the remaining Mortgaged Properties is not less than the greater of the DSCR immediately preceding the partial release and 1.55x, (iii) no event of default under the Mortgage Loan has occurred nor is be continuing and (iv) such release complies with REMIC requirements.

Loan No. 16 – ART Florida & Ohio MF Portfolio II– The ART Florida & Ohio MF Portfolio II Loan allows for the release of a Mortgaged Property provided, among other things, after the expiration of the lockout period and prior to the open prepayment date, the borrower partially defeases the loan in an amount equal to the greater of (i) 115.0% of the Allocated Loan Amount with respect to such Mortgaged Property as specified in the loan documents and (ii) an amount such that, after giving effect to such release, (a) the debt service coverage ratio of the remaining properties is not less than 1.48x and (b) the loan to value ratio of the remaining properties does not exceed 74.4%.

Loan No. 17 – Wexford Portfolio– The Wexford Portfolio Loan allows for the release of a Mortgaged Property via a bona fide, arm’s length cash sale provided, among other things, after the expiration of the lockout period and prior to the open prepayment date, the borrower partially defeases in an amount equal to the greater of (i) an amount equal to 120.0% of the Allocated Loan Amount with respect to such Mortgaged Property, (ii) an amount equal to 100.0% of Net Sale Proceeds, (iii) an amount that, after giving effect to such release results in the debt service coverage ratio of the remaining properties is not less than the greater of 1.20x and the debt service coverage ratio prior to release.

Loan No. 21 – Champaign Portfolio – The Champaign Portfolio Mortgage Loan allows for the release of an individual property upon a bona fide third-party sale, after the expiration of the lockout period by partially defeasing an amount of principal equal to the greater of (a) 120% of the allocated Mortgage Loan amount of the subject Mortgaged Property or Mortgaged Properties and (b) 100% of the net sales proceeds, and subject to terms and conditions set forth in the Mortgage Loan documents, including but not limited to, (i) the LTV for the remaining Mortgaged Properties does not exceed the lesser of the LTV immediately preceding such release and 72.9%, (ii) the DSCR for the remaining Mortgaged Properties is not less than the greater of the DSCR immediately preceding the partial release and 1.35x, (iii) no event of default under the Mortgage Loan has occurred nor is continuing and (iv) such release complies with REMIC requirements.

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Loan No. 22 – 260 California San Francisco – The 260 California San Francisco Mortgage Loan allows for the release of unit 12 of the condominium, upon a bona fide third-party sale, after the expiration of the lockout period by partially defeasing an amount of principal equal to 130% of the allocated Mortgage Loan amount of $796,900 for unit 12 of the condominium, and subject to terms and conditions set forth in the Mortgage Loan documents, including but not limited to, (i) the LTV for the remaining Mortgaged Property does not exceed the greater of (a) 62.5% and (b) the lesser of the LTV immediately preceding such release and 61.3%, (ii) the DSCR for the remaining Mortgaged Property is no less than the lesser of (a) 1.40x and (b) the greater of the DSCR immediately preceding the partial release and 1.30x, (iii) no event of default under the Mortgage Loan has occurred nor is continuing and (iv) such release complies with REMIC requirements.

Loan No. 28 – Walgreens Portfolio - At any time after the expiration of the lockout period and prior to the open prepayment date, the borrower may obtain the release of an individual property, provided, among other things, (i) no event of default is continuing, (ii) the borrower partially defeases in the amount equal to 125% of the allocated loan amount of the respective individual property, (iii) the DSCR for the remaining properties is not less than the greater of the DSCR immediately preceding the partial release and 1.35x, (iv) the LTV for the remaining properties is not greater than the lesser of the LTV immediately preceding partial release and 68.4% and (v) the ratio of the unpaid principal balance of the loan to the value of the remaining properties is equal to or less than 125%. In addition, the Walgreens – Michigan City mortgaged property is subject to a common area agreement which provides that the owner of the shopping center (i) has a purchase option in the event that the Walgreens premises is “razed and removed” and the land cleared and paved, and the borrower fails to commence reconstruction within 12 months of such casualty and (ii) has a right of first offer to purchase the mortgaged property, which right does not apply to a sale of the mortgaged property via foreclosure or deed-in-lieu of foreclosure. The owner of the shopping center may purchase the mortgaged property for an amount equal to the greater of (i) $1,208,000 and (ii) the fair market value of the mortgaged property. In the event the purchase price does not equal 125% of the allocated loan amount for the mortgaged property, the amount of such deficiency is recourse to the guarantor.

Loan No. 41 – Hollywood Self Storage - Following the lockout period, the borrower may partially defease the loan: (i) an amount equal to the greater of 75.0% of the sale proceeds of the released project or 115.0% of the allocated loan amount, (ii) DSCR greater of 1.75x and DSCR prior to release, (iii) Debt Yield greater of 11.0% and Debt Yield prior to release. Belair Project and/or Martinez Project each a release project, may be sold to a third party.

Loan No. 47 – Holiday Inn Express - Poughkeepsie – A parcel release of the undeveloped outparcel is permitted provided, among other things, (i) remaining property DSCR is not less than the greater of (a) 1.40x and (b) DSCR prior to release, (ii) LTV is not greater than the lesser of (a) 70% and (b) the LTV prior to release.

(17)

Loan No. 28 – Walgreens Portfolio - In the event that an individual property goes dark, the borrower may substitute such property with another property provided, among other things, (i) no event of default is continuing, (ii) borrower is not permitted to effectuate more than three substitutions during the term of the loan, (iii) the substitute property must have an appraised value equal to or greater than the appraised value of the substituted released property as of the closing date and date of substitution and which supports an aggregate LTV with the remaining properties not greater than the aggregate LTV as of the substitution date and (iv) the aggregate DSCR with the substitute property is equal to or greater than the greater of the DSCR at loan closing and the DSCR for the 12 calendar months immediately preceding the substitution.

Loan No. 41 - Hollywood Self Storage - With respect to one of the three constituent properties (the Martinez property, having an allocated loan amount of $1,196,850), the tenant (American Towers, Inc.) has a Right of First Refusal (ROFR) in connection with the sale of such constituent property. The ROFR is not extinguished by a foreclosure or deed-in-lieu thereof. If there were a

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foreclosure or deed-in-lieu and the tenant exercised its ROFR, the borrower is obligated to pay the allocated loan amount for the Martinez property in connection with the property’s release. The borrower and joinder party have recourse liability equal to such allocated loan amount for their failure to do so.

(18)

Loan No. 2 – Courtyard by Marriott Portfolio – The Underwritten NCF of $87,204,717 for the Courtyard by Marriott Portfolio Mortgage Loan is inclusive of a $1,416,328 incentive management fee, which is calculated on a portfolio basis only. The sum of the Underwritten NCF of each of the properties on an individual basis is $88,621,045.

(19)

Loan No. 2 – Courtyard by Marriott Portfolio – The collateral for the Courtyard by Marriott Portfolio Mortgage Loan consists of both the fee and leasehold interests in 49 of the 65 Courtyard by Marriott Portfolio Properties. For the 49 Mortgage Properties, one of the Mortgage Loan borrowers, CBM Two Hotels LP, owns the leasehold interest and the other Mortgage Loan borrower, C2 Land, L.P., owns the fee interest. Both the fee and leasehold interest in the 49 properties serve as collateral for the Mortgage Loan.

(20)	The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:

Loan No. 2 – Courtyard by Marriott Portfolio – The Courtyard by Marriott Portfolio - Courtyard San Jose Cupertino Mortgaged Property is subject to a ground lease with an expiration date of December 30, 2033 and three 10-year extension options. The 2014 ground rent was $489,772 and is based on the greater of (a) 6% of annual gross revenue and (b) the minimal rent payable, which increases every five years by 75% of the CPI percentage increase over that five-year period. The Courtyard by Marriott Portfolio - Courtyard Charlotte South Park Mortgaged Property is subject to a ground lease with an expiration date of December 31, 2019 and three 10-year extension options. The 2014 ground rent was $352,051 and is based on the greater of (a) 6% of annual gross revenue and (b) $352,051. The Courtyard by Marriott Portfolio - Courtyard Norwalk Mortgaged Property is subject to a ground lease with an expiration date of December 29, 2023 and eight five-year extension options. The 2014 ground rent was $410,709 and is based on the greater of (a) the prevailing rate increased by 15% and (b) the prevailing rate increased by 60% of the percentage increase in CPI since the opening date of the Mortgaged Property. The prevailing rate is adjusted every five years. The Courtyard by Marriott Portfolio - Courtyard Tampa Westshore Mortgaged Property is subject to a ground lease with an expiration date of June 30, 2068. The 2014 ground rent was $21,406 and increases 5% every 10 years. The Courtyard by Marriott Portfolio - Courtyard Philadelphia Devon Mortgaged Property is subject to a ground lease with an expiration date of January 1, 2018 and two 10-year extension options. The 2014 ground rent was $248,901 and is based on the greater of (a) 4.25% of annual gross revenue and (b) $240,000. During the extension periods the ground rent will be 80% of the average annual rent paid during the previous five years. The Courtyard by Marriott Portfolio - Courtyard Fresno Mortgaged Property is subject to a ground lease with an expiration date of June 30, 2024. The 2014 ground rent was $510,458 and is based on the greater of (a) 6% of annual gross revenue and (b) the minimal rent payable, which increases 3% over the previous year’s minimum rent. The Courtyard by Marriott Portfolio - Courtyard Poughkeepsie Mortgaged Property is subject to a ground lease with an expiration date of December 29, 2018 and three five-year extension options. The 2014 ground rent was $166,817 and is based on the greater of (a) 3.5% of annual gross revenue and (b) $110,000.

Loan No. 19 – Holiday Inn Manhattan View – The Holiday Inn Manhattan View Mortgaged Property is subject to a ground lease with an expiration date of December 31, 2113. The annual ground rent from January 1, 2015 through December 31, 2015 is $1,120,000. Annual ground rent will increase by 2.0% each year thereafter.

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Loan No. 47 – Holiday Inn Express - Poughkeepsie —The collateral for the Holiday Inn Express - Poughkeepsie Mortgage Loan consists of a leasehold and partial fee in the Holiday Inn Express - Poughkeepsie Mortgaged Property.

(21)	The following tenants that occupy 5% or greater of the net rentable area at the property are borrower affiliates:

Loan No. 4 – 3 Columbus Circle – The 2nd Largest Tenant, Emerge212, which is a wholly-owned subsidiary of the sponsor, leases 10.9% of the net rentable area at the Mortgaged Property.

Loan No. 13 – La Gran Plaza—The Largest Tenant, Mercado (Zocalo Property, LP), an affiliate of the borrower, leases 12.1% of the net rentable area at the La Gran Plaza Mortgaged Property.

Loan No. 22 – 260 California San Francisco – The 5th Largest Tenant, Swift Realty Partners (SRP), which is a wholly-owned subsidiary of the sponsor, leases 9.2% of the net rentable area at the Mortgaged Property.

Loan No. 32 – Pomona Office Tower – The 3rd Largest Tenant, Chase Executive Suites, which is a wholly-owned subsidiary of the sponsor, leases 10.2% of the net rentable area at the Mortgaged Property.

Loan No. 33 – Preston Plano Parkway – The 3rd Largest Tenant, Ashton Woods Décor Center, which is a wholly-owned subsidiary of the sponsor, leases 12.8% of the net rentable area at the Mortgaged Property.

Loan No. 35 – Washington Square Plaza—The 4th Largest Tenant, Heritage Restaurant Group, LLC, an affiliate of the borrower, leases 7.1% of the net rentable area at the Washington Square Plaza Mortgaged Property.

Loan No. 38 – 8500 Valcour Industrial – The largest tenant at 8500 Valcour Industrial, Schroeder and Tremayne, currently subleases a portion of its space. Session Fixture subleases approximately 59,910 sq. feet pursuant to a sublease with a term through December 31, 2016. The borrower also represented that Sample Brothers subleases approximately 6,725 sq. ft. of this tenant’s space. Underwritten rent is based on the borrower’s lease with the primary tenant.

Loan No. 40 – Utica Medical Center – The Utica Medical Center Mortgaged Property is 100.0% owner occupied, with the individual doctor practices leasing the space. All subleases are co-terminus with master leases and have an expiration date of January 31, 2030.

(22)

The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are early non contingent termination options for those tenants listed in Annex A-1:

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Loan No. 6 – Sherman Plaza – The Largest Tenant, North Los Angeles, Inc., Inc. has the one-time right with respect to 70,358 sq. ft. to terminate all or a portion of such space effective October 31, 2016 with written notice no later than January 1, 2016 subject to an early termination fee. The 2nd Largest Tenant, The State of California, is comprised of five leases: 22,457 sq. ft. with an expiration date of July 31, 2017 and termination option at any time with 60 days’ notice; 9,693 sq. ft. with an expiration date of June 30, 2019 and termination option any time after June 30, 2015 with 30 days’ notice; 9,052 sq. ft. with an expiration date of March 31, 2020 and termination option any time after March 31, 2016 with 90 days’ notice; 4,406 sq. ft. with an expiration date of June 30, 2018 and termination option at any time with 90 days’ notice; 1,786 sq. ft. with an expiration date of September 30, 2016 and termination option at any time with 30 days’ notice. The 3rd Largest Tenant, GSA – Public Building Services, may terminate its lease at any time with 90 days’ notice. The 5th Largest Tenant, Interviewing Services of America, Inc. may terminate its lease effective July 30, 2018 with nine months’ written notice.

Loan No. 10 – 100 Middle Street – The 2nd Largest Tenant, GSA, leases three different spaces at the 100 Middle Street Property for United States Attorney, Federal Bureau of Investigation and Secret Service office use. The United States Attorney leases 30,620 sq. ft. expiring March 14, 2023, the Federal Bureau of Investigation leases 7,028 sq. ft. expiring June 14, 2018 and the Secret Service leases 2,384 sq. ft. expiring September 29, 2016. The GSA has the right to (i) return up to 2,040 sq. ft. of the United States Attorney space at any time with at least 30 days prior notice and (ii) terminate the Secret Service space at any time with at least 60 days prior notice.

Loan No. 13 – La Gran Plaza – The 4th Largest Tenant, Everest College, may terminate its lease prior to September 30, 2016 with 6 months written notice. If the tenant elects to terminate its lease the tenant will pay a termination fee equal to $261,243.90.

Loan No. 15 – Star Building – The Largest Tenant, Navient Solutions, Inc., has a right to terminate 24 months prior to lease expiration with 12 months’ notice and a payment of unamortized TILC and 4 months’ rent. The 2nd Largest Tenant, Grant & Eisenhofer, P.A. has a right to terminate its lease in December 2021 with 6 months’ written notice and payment of unamortized portion of TILC, and Tactix Fee. The 3rd Largest Tenant, Unicare Life & Health Insurance, has right to terminate 24 months prior to lease expiration with 12 months’ notice and payment of fee equal to of unamortized TILC. The 4th and 5th Largest Tenant, DuPont E.I., DeNemours & Co., can terminate its lease early without penalty, on each of its 3 spaces on the following dates with 6 months’ notice: suite 500 on May 30, 2016 or May 30, 2017; suite 501 on September 30, 2015, September 30, 2016, or September 30, 2017; and suite 602 on July 31, 2017.

Loan No. 21 – Champaign Portfolio – The Largest Tenant at the 2302 Fox Drive Mortgage Property, The Warranty Group, has a one-time right to terminate its lease on May 31, 2017 with 12 months prior notice and payment of a termination fee equal to three months of base rent plus the unamortized allowance, rent abatement and the leasing commissions previously paid by the landlord with respect to the lease.

Loan No. 24 – Winterwood Pavilion – The Largest Tenant, DD’s, may terminate its lease with 30 days written notice if either Dollar General or Harbor Freight Tools goes “dark” or vacates and a replacement tenant is not acceptable to DD’s for 12 consecutive calendar months. Additionally, DD’s may vacate if gross sales during February 1, 2018 through January 31, 2019 do not exceed $6.0 million. The 4th Largest Tenant, Harbor Freight Tools, may terminate its lease with 90 days’ notice if gross sales during June 1, 2016 through May 31, 2017 are less than $3.75 million.

Loan No. 25 – Equus Business Center – The 3rd Largest Tenant, OWO Inc., may terminate its lease at any time subject to a termination fee equal to two months’ rent.

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Loan No. 32 – Pomona Office Tower – The 4th Largest Tenant, L.A. Co. Public Defender has an ongoing termination option with 180 days prior notice. The 5th Largest Tenant, L.A. County D.A. Office has an ongoing termination option with 180 days prior notice with payment of a termination fee equal to the cost of unamortized tenant improvements not yet paid by the tenant.

Loan No. 35 – Washington Square Plaza – The Largest Tenant, Worldwide Entertainment ROMT, L.L.C., may terminate its lease effective January 1, 2022, upon 180 days written notice.

Loan No. 36 – Aspire Center – The Single Tenant, U.S. Department of Veteran’s Affairs, has the right to terminate its lease on or after March 2021 with 180 days prior notice.

Loan No. 43 – One Tower Creek – The 4th Largest Tenant, Howick, Westfall, McBryan & Kaplan, LLC, has the one-time right to terminate its lease effective January 31, 2016, with notice given between January 31, 2015 and August 31, 2015 and payment of a termination fee equal to $17,500.

Loan No. 49 – 1815 Griffin Road – The Largest Tenant, Hull & Company Inc, may terminate its lease effective February 28, 2018, upon written notice provided no later than August 31, 2017. If the tenant elects to terminate its lease on February 28, 2018, the tenant will pay a termination fee equal to the sum of (i) the Broker Commission, (ii) the abated Base Rent, (iii) certain sums that may have been paid by borrower to tenant in connection with a prior exercise of a right of first offer to lease additional space, (iv) the initial construction costs and (v) landlord’s attorneys’ fees in connection with the Lease.

Loan No. 59 – HomeGoods Thousand Oaks – The Single Tenant, HomeGoods, Inc., may terminate its lease after one year of Ralph’s, the shadow anchor grocer at the HomeGoods Thousand Oaks Property, being closed for 90 days and a mid-range or high-range grocer does not occupy the same space.

(23)	The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:

Loan No. 6 – Sherman Plaza – The Largest Tenant, North Los Angeles Regional Center, Inc., is currently subleasing an additional 2,924 sq. ft. from LISI, Inc., which is not included in its net rentable area.

Loan No. 37 – Plaza Square North – The 2nd Largest Tenant, East West Bank, is currently subleasing 9,259 sq. ft. to Brock and Scott, PLLC through August 15, 2017.

Loan No. 43 – One Tower Creek – The 2nd Largest Tenant, Strayer University, is currently subleasing 2,697 sq. ft. to Cogent Design, Inc. through July 31, 2018. The 3rd Largest Tenant, Zayo Group, LLC, is currently subleasing 6,019 sq. ft. to Gerald E. Moore & Associates through December 30, 2015.

(24)	The following major tenants shown on Annex A-1 have abated or free rent:

Loan No. 1 – 9200 & 9220 Sunset – The 4th Largest Tenant, Abrams Artists & Associates, has one month of free rent in July 2015. Reserves in the amount of $501,964 were established on the closing date of the mortgage loan for all outstanding free rent due to signed tenants, which amount includes the base rent due during Abrams Artists & Associates’ free rent period.

Loan No. 4 – 3 Columbus Circle – The 5th Largest Tenant, Versace, has four months of free rent through July 2015, for which $497,980 was reserved by lender.

Loan No. 6 – Sherman Plaza – The Largest Tenant, North Los Angeles Regional Center, Inc., has free rent related to its new lease term for its expansion space through August 2015. At

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closing, the borrower deposited approximately $92,059 into a free rent reserve account for North Los Angeles Regional Center, Inc.’s expansion space of approximately 8,369 sq. ft.

Loan No. 13 – La Gran Plaza - The 5th Largest Tenant, Cinemagic-Bilingual Realty, Inc., has free rent outstanding through July 2015, for which $42,387 was reserved by lender.

Loan No. 18 – Portage Crossing Shopping Center - The Largest Tenant, L.A. Fitness, has free rent through July 2015, for which $198,750 was reserved by lender.

Loan No. 22 – 260 California – The Largest Tenant, Demeterr, is not obligated to pay rent in January 2017. The 2nd Largest Tenant, Bebop, is scheduled to begin its lease in August 2015 and has two months of free rent following rent through September 2015. The 5th Largest Tenant, Swift Realty Partners (SRP), has a free rent period through November 2015. On the Mortgage Loan closing date, $258,392 was reserved to cover base rent due from April through September for Bebop and April through November for Swift Realty Partners (SRP).

Loan No. 24 – Winterwood Pavilion – The 5th Largest Tenant, Super 99, has three months of free rent through February 2016. At closing, the borrower deposited approximately $18,750 into a free rent reserve account.

Loan No. 33 – Preston Plano Parkway – The 3rd Largest Tenant, Ashton Woods Décor Center, has a free rent period through December 2015. At the closing of the Mortgage Loan, $72,000 was reserved into a free rent reserve to cover rent through December 2015.

(25)	The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the cutoff date of the securitization.

Loan No. 13 – La Gran Plaza - The 5th Largest Tenant, Cinemagic-Bilingual Realty, Inc., is currently building out its space and is expected to open in May 2015.

Loan No. 22 – 260 California – The 2nd Largest Tenant, Bebop, is scheduled to begin its lease in August 2015, followed by two months of free rent. At closing $108,652 was reserved to account for the would-be monthly rent payments between loan closing and the end of the free rent period, as well as for the difference in rent paid by the tenant currently occupying this space through May 2015.

(26)

Loan No. 6 – Sherman Plaza – The 2nd Largest Tenant, The State of California, is comprised of five leases: 22,457 sq. ft. with an expiration date of July 31, 2017 and termination option at any time with 60 days’ notice; 9,693 sq. ft. with an expiration date of June 30, 2019 and termination option any time after June 30, 2015 with 30 days’ notice; 9,052 sq. ft. with an expiration date of March 31, 2020 and termination option any time after March 31, 2016 with 90 days’ notice; 4,406 sq. ft. with an expiration date of June 30, 2018 and termination option at any time with 90 days’ notice; 1,786 sq. ft. with an expiration date of September 30, 2016 and termination option at any time with 30 days’ notice.

Loan No. 10 – 100 Middle Street – The 2nd Largest Tenant, The GSA, leases three different spaces at the 100 Middle Street Property for United States Attorney, Federal Bureau of Investigation and Secret Service office use. The United States Attorney leases 30,620 sq. ft. expiring March 14, 2023, the Federal Bureau of Investigation leases 7,028 sq. ft. expiring June 14, 2018 and the Secret Service leases 2,384 sq. ft. expiring September 29, 2016. The GSA has the right to (i) return up to 2,040 sq. ft. of the United States Attorney space at any time with at least 30 days prior notice and (ii) terminate the Secret Service space at any time with at least 60 days prior notice.

(27)	Loan No. 41 – Hollywood Self Storage - Occupancy % is based on square feet.

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(28)	All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.

Loan No. 2 – Courtyard by Marriott Portfolio – At loan closing, $504,100 was deposited into an environmental reserve for environmental issues that have since been remediated, and the reserve has been released to the borrower.

Loan No. 7 – Hacienda Club – At loan closing, $2,547,562 was deposited into a construction reserve account, $1,075,000 was deposited into a debt service reserve account and $4,300,000 was deposited into a stabilization reserve account. The aforementioned reserve accounts were funded to facilitate the completion and stabilization of the Mortgaged Property, and the reserves have subsequently been released to the borrower.

Loan No. 8 – DoubleTree San Diego – The borrowers are obligated to deposit $62,500 into a seasonality reserve on each of the first 4 monthly payment dates. If the balance in the seasonality reserve should thereafter fall below the cap (initially $250,000), the borrowers are required to commence making monthly payments equal to the lesser of (x) 25% of the seasonality reserve cap (initially $250,000) and (y) all excess cash flow, until the cap has been reached.

Loan No. 13 – La Gran Plaza – In the event that the borrower draws upon the Mercado Reserve, all excess cash flow at the property will be swept until the reserve reaches a balance of $1,318,168. The borrower will make monthly deposits of $17,177 ($0.20 per square foot) into the replacement reserve. At the end of years four and eight of the loan term, the borrower covenants to provide evidence of completing capital expenditures at the property in a total amount of no less than $0.80 per square foot for the immediately preceding four year period. To the extent the borrower has spent less than $0.80 per square foot, then a springing reserve will be required equal to the difference between $0.80 per square foot and the actual capital expenditures spent for the preceding four year period, which will be collected over the succeeding two years of the loan.

Loan No. 18 – Portage Crossing Shopping Center - At closing, Lender escrowed $2,000,000 which is available to Borrower for tenant improvement and leasing costs associated with new leases at currently vacant space at the Property until two years after the Closing Date. In order to obtain disbursements from such reserves, among other items, (x) (i) the borrower is required to have executed a lease(s) for at least 3 years, at market rent and otherwise acceptable in all respects to the lender for all or a portion of the unleased space at the Property, (ii) the tenant(s) is required to have accepted such space, commenced conducting normal business operations in substantially all of such space, commenced paying full, unabated rent and is required to have delivered an estoppel certificate(s) acceptable to the lender and (y) debt yield including the new lease(s) is equal to or greater than 8.0%. Notwithstanding the foregoing, if one or more new leases have been executed prior to the date that is two years after the Closing Date, but the conditions for disbursement have not been satisfied solely because either (x) one or more of such tenant(s) is not yet in occupancy, open for business or conducting normal business operations, or (y) there exist outstanding landlord obligations thereunder, the lender is required to make such applicable disbursement at such time the applicable conditions are satisfied but no later than later than six (6) months after the initial two year period (such period, as extended, the “New Leasing Disbursement Deadline”). Any remaining funds held in the Performance Reserve as of the New Leasing Disbursement Deadline is required to be applied as follows: (a) the lesser of $500,000 or the remaining balance of the Performance Reserve, if any, is required to be applied to the TI/LC Reserve and (b) and the balance, if any, applied to the outstanding Loan balance with Yield Maintenance or held as additional collateral, at the lender’s discretion.

Loan No. 47 – Holiday Inn Express - Poughkeepsie – At closing no seasonality reserves were collected. From and after closing, an amount equal to the lesser of (a) all available cash flow after debt service and monthly reserve deposits and (B) twenty five percent (25%) of the Seasonality Reserve Cap, will be collected until the initial Seasonality Reserve Cap of 300,000 is reached. If

A-1-40

the seasonality reserve is ever drawn down, the seasonality reserve will be replenished in the foregoing manner. At closing, $2,600,000 was reserved for outstanding PIP work required under the Holiday Hospitality Franchising, LLC franchise agreement, which reflects 120% of the PIP hard costs. If a new PIP is required in the future under a franchise agreement, Borrower will be required to deposit 125% of the costs to complete the PIP.

(29)

Loan No. 3 – DFW / Raleigh Portfolio – The DFW / Raleigh Portfolio Loan was structured with a $9,475,083 holdback for capital expenditures ($2,479,165 allocated to Copper Crossing, $1,334,361 allocated to Estrada Oaks, $812,515 allocated to Remington Place, $2,575,640 allocated to Sutter Creek, $960,593 allocated to Timbers and $1,312,810 allocated to Trestles). Provided no event of default is continuing, the lender will disburse the holdback funds not more than once a month, and in increments of at least $10,000, to be utilized solely for the purpose of performing the planned capital expenditures at the DFW / Raleigh Portfolio properties.

Loan No. 10 – 100 Middle Street – The 100 Middle Street Loan was structured with a $1.0 million reserve. Prior to March 19, 2017 and provided no cash management period is continuing, the lender will disburse holdback reserve funds not more than once per quarter subject to (i) a net cash flow debt yield greater than or equal to 8.0% and (ii) a net cash flow debt service coverage ratio greater than or equal to 1.25x, as calculated based on the outstanding 100 Middle Street Loan balance net of any outstanding holdback reserve amounts after the aforementioned disbursement. Notwithstanding the foregoing and provided no event of default is continuing, the borrower will be permitted to deliver to lender a letter of credit equal to the outstanding balance of the Holdback reserve funds. Any funds remaining in the Holdback reserve account after March 9, 2017 will be, at lender’s discretion, (i) held for the remaining term of the loan or (ii) prepay the outstanding principal balance subject to the payment of a yield maintenance payment.

Loan No. 39 – Hillcrest Heights Shopping Center – The Hillcrest Heights Shopping Center Loan was structured with a $500,000 reserve. Prior to February 5, 2017 and provided no cash management period is continuing, the borrower may obtain the release of the holdback reserve funds any time on or after August 5, 2015 so long as (i) the net cash flow debt yield is at least 8.2% and (ii) the net operating debt service coverage ratio is at least 1.25x.

Loan No. 44 – North Park Mixed Use – The North Park Mixed Use Loan was structured with a $1.15 million reserve. Prior to September 17, 2016 and provided no cash trap period is continuing, the borrower may obtain the release of the holdback reserve funds so long as, among other things, (i) the retail space is fully occupied and (ii) net cash flow debt yield is at least 8.0%.

(30)	All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan Documents.

Loan No. 38 – 8500 Valcour Industrial – A cash sweep into the TI/LC reserve account will commence upon a Lease Sweep Period, as defined in the loan documents.

Loan No. 53 – Hampton Inn Terre Haute – Commencing on the monthly payment date in May 2016, the borrower shall be required to deposit on each monthly payment date an amount equal to the greater of (i) 4.0% of the rent for the property for the prior month, (ii) the then current amount required by the Management Agreement and (iii) the then current amount required by the Franchise Agreement for the FF&E work.

(31)	Loan No. 39 – Hillcrest Heights Shopping Center – The replacement reserve monthly deposit at closing was $14,002 and follows the following schedule over the loan term:

Monthly through February 6, 2016 - $14,002

Monthly through February 6, 2025 - $1,086

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(32)

Loan No. 6 – Sherman Plaza – To avoid commencement of a “cash trap” in connection to failure by the borrower to maintain a debt service coverage ratio of at least 1.15x at the end of any calendar quarter, the borrower may prevent or cure such “cash trap” by providing lender with an acceptable letter of credit or cash collateral in an amount which, if applied to the payment of the principal amount of the Sherman Plaza Loan, would cause the debt service coverage ratio to be at least 1.20x. Notwithstanding the foregoing, if the debt service coverage ratio is not greater than 1.20x for two consecutive quarters on or before the date that is 2 years after the initial commencement of the trigger, a Low Debt Service Period will recommence.

Loan No. 70 – Marquis Apartments – The borrower has the one-time right to replace the cash on deposit on the Liquidity Deposit Reserve Account with a letter of credit.

(33)	Loan No. 2 – Courtyard by Marriott Portfolio – A Phase II report was completed for the Courtyard by Marriott Portfolio Courtyard Norwalk Mortgaged Property on April 7, 2015 and recommended no further investigation be taken at this time.

Loan No. 37 – Plaza Square North – A Phase II report was completed for the Plaza Square North Mortgaged Property on December 26, 2014 and recommended no further investigation be taken at this time.

Loan No. 41 – Hollywood Self Storage – On the Belair and Martinez properties, Phase II reports were completed on 10/27/2014 and recommended no further investigation at this time. The Phase II reports included vapor testing and results found the concentrations were well below action levels.

(34)

With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this free writing prospectus.


Loan No.	Mortgage Loan	Mortgage Loan Cut-off Date Balance	% of Initial Outstanding Pool Balance	Maximum Policy Amount	Premium Paid in Full	Expiration Date
6	Sherman Plaza	$48,700,000	3.6%	$3,000,000	Yes	March 20, 2008
9	Lake Arrowhead Village	$32,924,353	2.4%	$3,000,000	Yes	March 6, 2028
16	ART Florida & Ohio MF Portfolio II(1)	$25,000,000	1.8%	$3,000,000	Yes	March 25, 2028
25	Equus Business Center	$17,500,000	1.3%	$3,000,000	Yes	April 2, 2028
33	Preston Plano Parkway	$11,384,463	0.8%	$5,000,000	Yes	March 12, 2022
59	HomeGoods Thousand Oaks	$5,200,000	0.4%	$3,000,000	Yes	April 9, 2028
71	Deere Road Industrial Park	$3,713,002	0.3%	$2,000,000	Yes	March 13, 2028

(1)	The environmental policy for the ART Florida & Ohio MF Portfolio II is for the Woodlands Mortgaged Property and Annhurst Mortgaged Property.

(35)	Summary of Existing Pari Passu Debt


Loan No.	Mortgage Loan	Mortgage Loan Cut-off Date Balance	Companion Loan Cut-off Date Balance	Loan Combination Cut-off Date Balance	Loan Combination U/W NCF DSCR	Loan Combination Cut-off Date LTV Ratio	Loan Combination Cut-off Date U/W NOI Debt Yield
1	9200 & 9220 Sunset	$120,000,000	$90,000,000	$210,000,000	2.21x	60.9%	9.1%
2	Courtyard by Marriott Portfolio(1)	$100,000,000	$215,000,000	$315,000,000	7.40x	28.2%	32.7%
4	3 Columbus Circle	$90,000,000	$260,000,000	$350,000,000	2.30x	50.0%	8.8%
13	La Gran Plaza	$26,000,000	$50,000,000	$76,000,000	1.73x	65.2%	11.2%
28	Walgreens Portfolio	$16,000,000	$103,065,000	$119,065,000	1.36x	68.4%	8.3%

(1)	The Courtyard by Marriott Portfolio Loan Combination Cut-off date Balance and U/W NCF DSCR, Cut-off Date LTV Ratio and Cut-off Date U/W NOI Debt Yield exclude a $355,000,000 B-Note.

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(36)	Split Loan Summary

Loan No.

Mortgage Loan

A-Note or
Pooled
Component Cut-
off Date Balance

B-Note or Non-
Pooled
Component
Cut-off Date
Balance

Total Mortgage
Debt Cut-off
Date Balance

Pooled
Trust U/W
NCF
DSCR

Total
Mortgage
Debt U/W
NCF DSCR

Pooled Trust
Cut-off
Date
LTV

Total
Mortgage
Debt Cut-
off Date
LTV Ratio

Pooled Trust
U/W NOI
Debt
Yield

Total
Mortgage Debt U/W
NOI Debt
Yield

Courtyard by Marriott Portfolio

$100,000,000

$355,000,000

$670,000,000

7.40x

3.48x

28.2%

60.0%

32.7%

15.4%

(37)	Summary of Existing Mezzanine Debt

Loan No.

Mortgage Loan

Mortgage
Loan Cut-off
Date Balance

% of Initial
Outstanding

Pool Balance

Mezzanine
Debt Cut-off
Date Balance

Annual
Interest
Rate on
Mezzanine
Loan

Mezzanine
Loan
Maturity Date

Intercreditor
Agreement

Total
Debt
Cut-off
Date
LTV
Ratio

Total Debt
U/W NCF
DSCR

Total Debt
U/W NOI
Debt Yield

DoubleTree San Diego

$36,653,165

2.7%

$5,750,000

11.3000%

4/6/2025

Yes

79.6%

1.18x

9.3%

(38)	Summary of Future Mezzanine Debt(1)


Loan No.	Mortgage Loan	Mortgage Loan Cut-off Date Balance	% of Initial Outstanding Pool Balance	Intercreditor Agreement Required	Combined Minimum DSCR	Combined Maximum LTV	Combined Debt Yield
13	La Gran Plaza	$26,000,000	1.9%	Yes	1.45x	70.0%	NAP
17	Wexford Portfolio	$21,500,000	1.6%	Yes	1.20x	75.0%	NAP
27	Montara Village(2)	$16,754,000	1.2%	Yes	1.50x	70.0%	NAP
31	Highland Park Apartments	$12,500,000	0.9%	Yes	1.40x	72.0%	10.0%
44	North Park Mixed Use	$7,800,000	0.6%	Yes	NAP	75.0%	8.0%
80	Dollar General - Paynesville	$806,000	0.1%	Yes	1.20x	85.0%	NAP
81	Dollar General - Yorktown	$786,500	0.1%	Yes	1.20x	85.0%	NAP
82	Dollar General - St. Francis	$734,500	0.1%	Yes	1.20x	85.0%	NAP
83	Dollar General - Battle Lake	$721,500	0.1%	Yes	1.20x	85.0%	NAP

(1)

Does not include the Aspire Center Mortgage Loan, which permits the borrower to incur unsecured subordinate partner loans up to no more than a maximum aggregate amount of 5% of the outstanding principal balance of the loan, provided that the subordinate lender must be an affiliate of the borrower and must execute a subordination and standstill agreement in favor of lender with respect to such subordinate partner loans.

(2)	Future Mezzanine debt is only permitted in connection with a sale of the Mortgaged Property and an assumption of the Mortgage Loan.

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