FWP 1 n1030_anxa1-x2.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206705-10
     

 

     
     
 

COMM 2017-COR2

 

The depositor has filed a registration statement (including the prospectus) with the SEC (File No. 333-206705) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the 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.

 

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

 

This material is for your information, and none of Deutsche Bank Securities Inc., Jefferies LLC, Citigroup Global Markets Inc., and Academy Securities, Inc. or any other underwriter (collectively, 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 preliminary prospectus relating to the COMM 2017-COR2 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2017-COR2 (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 depositor 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 2017_COR2

 

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

 

      % of   Mortgage   Cut-off       General Detailed     Interest Original Remaining Original Remaining  
      Initial Pool # of Loan Original Date   Maturity   Property Property Interest Administrative Accrual Term to Term to Amortization Amortization Origination
Property Flag ID Property Name Balance Properties Seller(1) Balance($)(2)(3) Balance($)(2)(3)   or ARD Balance($)   Type Type Rate Fee Rate(5) Basis Maturity or ARD Maturity or ARD Term Term Date
Loan 1.00 101 Ludlow 7.7% 1 JLC/GACC 71,000,000 71,000,000   71,000,000   Multifamily Student Housing 4.41200% 0.0153% Actual/360 120 110 0 0 10/21/2016
Loan 2.00 AHIP Northeast Portfolio II 6.3% 4 GACC 57,700,000 57,700,000   52,785,022   Hospitality Extended Stay 4.4800% 0.0153% Actual/360 120 118 360 360 06/22/2017
Property 2.01 Residence Inn - Arundel Mills BWI Airport 1.9% 1 GACC 17,546,199 17,546,199       Hospitality Extended Stay                
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate 1.8% 1 GACC 16,308,967 16,308,967       Hospitality Extended Stay                
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport 1.4% 1 GACC 12,653,509 12,653,509       Hospitality Extended Stay                
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport 1.2% 1 GACC 11,191,326 11,191,326       Hospitality Extended Stay                
Loan 3.00 CHG Building 6.2% 1 JLC 57,000,000 56,797,897   46,432,534   Office Suburban 4.7230% 0.0153% Actual/360 120 117 360 357 06/02/2017
Loan 4.00 Grand Hyatt Seattle(30) 5.5% 1 JLC 50,000,000 50,000,000   50,000,000   Hospitality Full Service 4.7400% 0.0168% Actual/360 121 117 0 0 05/05/2017
Loan 5.00 Renaissance Seattle(30) 5.5% 1 JLC 50,000,000 50,000,000   50,000,000   Hospitality Full Service 4.8100% 0.0169% Actual/360 121 117 0 0 05/02/2017
Loan 6.00 Mall of Louisiana(30) 5.5% 1 CREFI 50,000,000 50,000,000   43,229,552   Retail Super Regional Mall 3.9840% 0.0129% Actual/360 120 119 360 360 07/26/2017
Loan 7.00 Colorado Center(30) 4.4% 1 GACC 40,000,000 40,000,000   40,000,000   Office CBD 3.5625% 0.0117% Actual/360 120 119 0 0 07/28/2017
Loan 8.00 360 North Rodeo Drive 4.1% 1 JLC 38,000,000 38,000,000   38,000,000   Mixed Use Retail/Hospitality 3.9250% 0.0153% Actual/360 120 117 0 0 05/25/2017
Loan 9.00 Parmer Office 3.2 4.1% 1 CREFI 37,895,000 37,895,000   34,582,564   Office Suburban 4.3300% 0.0153% Actual/360 120 118 360 360 06/30/2017
Loan 10.00 Freeway Industrial Park 3.5% 1 JLC 32,000,000 32,000,000   28,204,257   Industrial Warehouse/Office 4.8050% 0.0153% Actual/360 120 116 360 360 04/13/2017
Loan 11.00 Integrated Health Campus(30) 3.4% 1 GACC 31,000,000 31,000,000   27,030,989   Office Medical 4.3400% 0.0291% Actual/360 120 120 360 360 08/11/2017
Loan 12.00 Park Slope Court 3.1% 1 JLC/GACC 28,000,000 28,000,000   28,000,000   Multifamily High-Rise 5.5570% 0.0153% Actual/360 120 115 0 0 03/29/2017
Loan 13.00 The Landing 3.0% 1 JLC/GACC 27,250,000 27,250,000   23,484,380   Office Suburban 4.8410% 0.0153% Actual/360 120 117 360 360 05/08/2017
Loan 14.00 16027 Ventura Boulevard 2.7% 1 CREFI 25,000,000 25,000,000   25,000,000   Office Suburban 4.2300% 0.0153% Actual/360 120 120 0 0 08/15/2017
Loan 15.00 2600 N. Ashton 2.3% 1 JLC 21,500,000 21,421,244   15,152,665   Office Suburban 4.9000% 0.0153% Actual/360 120 118 276 274 06/27/2017
Loan 16.00 Texarkana Pavilion 1.9% 1 GACC 17,000,000 17,000,000   17,000,000   Retail Anchored 3.7500% 0.0253% Actual/360 120 120 0 0 08/18/2017
Loan 17.00 Kihei Kalama Village 1.9% 1 JLC/GACC 17,000,000 17,000,000   17,000,000   Retail Unanchored 3.8670% 0.0153% Actual/360 120 109 0 0 10/06/2016
Loan 18.00 Spring River Business Park(32) 1.7% 1 JLC 15,700,000 15,700,000   14,557,937   Mixed Use Warehouse/Office/Flex 5.3680% 0.0153% Actual/360 120 111 360 360 12/06/2016
Loan 19.00 Shops on Sage 1.7% 1 JLC 15,300,000 15,300,000   15,300,000   Retail Urban 5.6570% 0.0153% Actual/360 120 114 0 0 03/03/2017
Loan 20.00 Oaks Apartment Portfolio 1.6% 2 JLC 15,000,000 15,000,000   13,324,909   Multifamily Garden 5.1640% 0.0628% Actual/360 120 116 360 360 04/25/2017
Property 20.01 Oak Forest Apartments & Townhomes 0.9% 1 JLC 8,684,000 8,684,000       Multifamily Garden                
Property 20.02 Oakwood Villas & Townhomes 0.7% 1 JLC 6,316,000 6,316,000       Multifamily Garden                
Loan 21.00 Dunes Plaza 1.6% 1 GACC 14,750,000 14,732,223   11,903,997   Retail Shadow Anchored 4.4500% 0.0153% Actual/360 120 119 360 359 08/04/2017
Loan 22.00 One Independence Way 1.6% 1 JLC 14,500,000 14,500,000   12,042,602   Office Suburban 5.3200% 0.0153% Actual/360 120 120 360 360 09/01/2017
Loan 23.00 592-594 Dean Street 1.6% 1 GACC 14,250,000 14,250,000   12,557,034   Office CBD 4.8000% 0.0153% Actual/360 120 120 360 360 08/21/2017
Loan 24.00 Fairway Lane Apartments 1.4% 1 JLC 13,250,000 13,250,000   12,128,795   Multifamily Garden 4.5225% 0.0153% Actual/360 120 110 360 360 11/04/2016
Loan 25.00 Texan Pearl 1.4% 1 JLC 13,000,000 13,000,000   13,000,000   Multifamily Student Housing 5.4340% 0.0153% Actual/360 120 114 0 0 03/03/2017
Loan 26.00 CVS & Walgreens Portfolio(31) 1.3% 3 JLC 12,100,000 12,100,000   10,824,202   Retail Single Tenant Retail 5.0020% 0.0153% Actual/360 120 116 360 360 05/01/2017
Property 26.01 Walgreen’s Rochester, MI 0.5% 1 JLC 4,875,000 4,875,000       Retail Single Tenant Retail                
Property 26.02 CVS Coon Rapids MN 0.4% 1 JLC 3,939,000 3,939,000       Retail Single Tenant Retail                
Property 26.03 Walgreen’s Norton, MA 0.4% 1 JLC 3,286,000 3,286,000       Retail Single Tenant Retail                
Loan 27.00 Oak Manor Villas 1.3% 1 JLC 11,800,000 11,729,829   9,876,118   Multifamily Garden 5.5600% 0.0153% Actual/360 120 114 360 354 02/15/2017
Loan 28.00 Amsdell All Star Self Storage 1.3% 1 CREFI 11,500,000 11,500,000   10,147,846   Self Storage Self Storage 4.8600% 0.0628% Actual/360 120 117 360 360 05/11/2017
Loan 29.00 Hampton Inn Daytona Beach(32) 1.2% 1 GACC 11,100,000 11,074,660   9,035,631   Hospitality Limited Service 4.7000% 0.0153% Actual/360 120 118 360 358 06/09/2017
Loan 30.00 1530 Meridian 1.2% 1 JLC 11,000,000 10,886,376   9,057,547   Office Suburban 5.0510% 0.0153% Actual/360 120 111 360 351 11/09/2016
Loan 31.00 Fresenius Northeast Portfolio 1.1% 3 JLC 9,795,500 9,795,500   9,008,858   Office Medical 4.8160% 0.0153% Actual/360 120 116 360 360 04/11/2017
Property 31.01 Fresenius Springfield 0.4% 1 JLC 3,959,143 3,959,143       Office Medical                
Property 31.02 Fresenius Cleveland 0.3% 1 JLC 2,994,702 2,994,702       Office Medical                
Property 31.03 Fresenius Scranton 0.3% 1 JLC 2,841,655 2,841,655       Office Medical                
Loan 32.00 Towne Center Shoppes 1.1% 1 JLC 9,650,000 9,650,000   9,650,000   Retail Anchored 4.6560% 0.0153% Actual/360 120 115 0 0 03/16/2017
Loan 33.00 Rampart Village Center 1.0% 1 CREFI 8,800,000 8,789,791   7,143,516   Retail Anchored 4.6200% 0.0453% Actual/360 120 119 360 359 08/04/2017
Loan 34.00 Fresenius Southern Portfolio 1.0% 3 JLC 8,785,000 8,785,000   8,057,065   Office Medical 4.6400% 0.0153% Actual/360 120 117 360 360 05/09/2017
Property 34.01 Fresenius Pasadena 0.4% 1 JLC 3,660,000 3,660,000       Office Medical                
Property 34.02 Fresenius Bolivar 0.3% 1 JLC 2,735,000 2,735,000       Office Medical                
Property 34.03 Fresenius Deer Park 0.3% 1 JLC 2,390,000 2,390,000       Office Medical                
Loan 35.00 Packard Place 1.0% 1 CREFI 8,800,000 8,739,797   6,470,996   Office CBD 4.5500% 0.0153% Actual/360 120 116 300 296 05/01/2017
Loan 36.00 Courtyard West Des Moines(32) 0.9% 1 CREFI 8,400,000 8,400,000   7,143,596   Hospitality Select Service 4.3400% 0.0153% Actual/360 120 119 360 360 07/20/2017
Loan 37.00 Bedford Park Shoppes 0.9% 1 GACC 8,000,000 7,981,678   6,509,093   Retail Anchored 4.6860% 0.0153% Actual/360 120 118 360 358 07/06/2017
Loan 38.00 Tyler Mall Mini Storage 0.8% 1 CREFI 7,160,000 7,151,332   5,774,488   Self Storage Self Storage 4.4300% 0.0153% Actual/360 120 119 360 359 08/03/2017
Loan 39.00 Central Corporate Office 0.8% 1 CREFI 6,900,000 6,900,000   5,879,114   Office Suburban 4.4100% 0.0153% Actual/360 120 119 360 360 08/02/2017
Loan 40.00 Lexington Hotel Miami Beach 0.7% 1 JLC 6,500,000 6,500,000   6,500,000   Hospitality Full Service 4.6600% 0.0153% Actual/360 120 116 0 0 05/01/2017
Loan 41.00 Fresenius & DaVita CA Portfolio 0.6% 2 JLC 5,700,000 5,700,000   5,221,772   Office Medical 4.5690% 0.0153% Actual/360 120 119 360 360 07/18/2017
Property 41.01 Fresenius Roseville 0.4% 1 JLC 3,505,000 3,505,000       Office Medical                
Property 41.02 DaVita Ceres 0.2% 1 JLC 2,195,000 2,195,000       Office Medical                
Loan 42.00 West Palm Small Bay Portfolio 0.5% 3 JLC 5,000,000 5,000,000   5,000,000   Industrial Warehouse/Distribution 5.0820% 0.0153% Actual/360 120 118 0 0 07/06/2017
Property 42.01 6677 42nd Terrace N 0.2% 1 JLC 1,785,740 1,785,740       Industrial Warehouse/Distribution                
Property 42.02 4574 Dyer Boulevard 0.2% 1 JLC 1,745,921 1,745,921       Industrial Warehouse/Distribution                
Property 42.03 4249, 4255 & 4261 Westroads Drive 0.2% 1 JLC 1,468,339 1,468,339       Industrial Warehouse/Distribution                

 

 A-1-1

 

 

COMM 2017_COR2

 

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

 

                  Pari Passu Pari Passu                    
      First       Monthly Annual Companion Loan Companion Loan Remaining     Crossed            
      Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten Grace Payment Appraised
Property Flag ID Property Name Date or ARD Date (Yes/No) Maturity Date Service($)(6) Service($)(6) Service($) Service($) Period  Lockbox(7)  Management(8) Other Loans Borrower NOI DSCR(6)(9)(10) NCF DSCR(6)(9)(10) Period(11) Date Value ($)(13)
Loan 1.00 101 Ludlow 12/06/2016 11/06/2026 No 11/06/2026 264,669 3,176,027     110 Hard In Place No   1.56x 1.54x 0 6 112,000,000
Loan 2.00 AHIP Northeast Portfolio II 08/06/2017 07/06/2027 No 07/06/2027 291,672 3,500,066     58 Hard Springing No   2.42x 2.19x 0 6 102,600,000
Property 2.01 Residence Inn - Arundel Mills BWI Airport                                   31,200,000
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate                                   29,000,000
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport                                   22,500,000
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport                                   19,900,000
Loan 3.00 CHG Building 07/06/2017 06/06/2027 No 06/06/2027 296,412 3,556,945       Hard In Place No Yes - B 1.56x 1.47x 0 6 91,200,000
Loan 4.00 Grand Hyatt Seattle(30) 06/06/2017 06/06/2027 No 06/06/2027 200,243 2,402,917 332,403 3,988,842 117 Hard Springing No Yes - A 2.40x 2.07x 0 6 242,300,000
Loan 5.00 Renaissance Seattle(30) 06/06/2017 06/06/2027 No 06/06/2027 203,200 2,438,403 312,928 3,755,140 117 Hard Springing No Yes - A 2.50x 2.15x 0 6 229,700,000
Loan 6.00 Mall of Louisiana(30) 09/01/2017 08/01/2027 No 08/01/2027 238,247 2,858,960 1,310,357 15,724,280 35 Hard Springing No   1.94x 1.85x 0 1 570,000,000
Loan 7.00 Colorado Center(30) 09/09/2017 08/09/2027 No 08/09/2027 120,399 1,444,792 776,576 9,318,906 119 Hard Springing No   5.14x 4.83x 0 9 1,212,500,000
Loan 8.00 360 North Rodeo Drive 07/06/2017 06/06/2027 No 06/06/2027 126,018 1,512,215     117 Hard Springing No   2.94x 2.70x 0 6 182,500,000
Loan 9.00 Parmer Office 3.2 08/06/2017 07/06/2027 No 07/06/2027 188,200 2,258,396     58 Hard Springing No   1.62x 1.52x 0 6 59,900,000
Loan 10.00 Freeway Industrial Park 06/06/2017 05/06/2027 No 05/06/2027 167,990 2,015,876     32 Soft Springing Hard Springing No   1.47x 1.35x 0 6 49,750,000
Loan 11.00 Integrated Health Campus(30) 10/01/2017 09/01/2027 No 09/01/2027 154,139 1,849,670 109,389 1,312,669 36 Hard Springing No   1.52x 1.35x 0 1 81,750,000
Loan 12.00 Park Slope Court 05/06/2017 04/06/2027 No 04/06/2027 131,464 1,577,571     115 Soft Springing No   1.28x 1.27x 0 6 40,600,000
Loan 13.00 The Landing 07/06/2017 06/06/2027 No 06/06/2027 143,647 1,723,769     21 Soft Springing No   1.39x 1.30x 0 6 42,000,000
Loan 14.00 16027 Ventura Boulevard 10/06/2017 09/06/2027 No 09/06/2027 89,349 1,072,188     120 Hard Springing No   2.07x 1.88x 0 6 38,000,000
Loan 15.00 2600 N. Ashton 08/06/2017 07/06/2027 No 07/06/2027 130,013 1,560,159       Hard In Place No Yes - B 1.43x 1.33x 0 6 39,090,000
Loan 16.00 Texarkana Pavilion 10/06/2017 09/06/2027 No 09/06/2027 53,863 646,354     120 Springing Hard Springing No   3.81x 3.32x 0 6 35,000,000
Loan 17.00 Kihei Kalama Village 11/06/2016 10/06/2026 No 10/06/2026 55,543 666,520     109 Hard Springing No   2.80x 2.69x 0 6 30,000,000
Loan 18.00 Spring River Business Park(32) 01/06/2017 12/06/2026 No 12/06/2026 87,847 1,054,164     51 Hard Springing No   1.48x 1.34x 0 6 21,800,000
Loan 19.00 Shops on Sage 04/06/2017 03/06/2027 No 03/06/2027 73,129 877,542     114 Hard Springing No   1.45x 1.39x 0 6 23,500,000
Loan 20.00 Oaks Apartment Portfolio 06/06/2017 05/06/2027 No 05/06/2027 82,033 984,400     32 Springing Soft Springing No   1.33x 1.22x 0 6 20,500,000
Property 20.01 Oak Forest Apartments & Townhomes                                   12,000,000
Property 20.02 Oakwood Villas & Townhomes                                   8,500,000
Loan 21.00 Dunes Plaza 09/06/2017 08/06/2027 No 08/06/2027 74,299 891,582       Hard Springing No   1.73x 1.61x 0 6 20,450,000
Loan 22.00 One Independence Way 10/06/2017 09/06/2027 No 09/06/2027 80,699 968,392       Hard Springing No   1.48x 1.34x 0 6 20,400,000
Loan 23.00 592-594 Dean Street 10/06/2017 09/06/2027 No 09/06/2027 74,765 897,178     36 Hard Springing No   1.22x 1.18x 0 6 21,400,000
Loan 24.00 Fairway Lane Apartments 12/06/2016 11/06/2026 No 11/06/2026 67,313 807,757     50 Soft In Place No   1.59x 1.54x 0 6 19,600,000
Loan 25.00 Texan Pearl 04/06/2017 03/06/2027 No 03/06/2027 59,686 716,231     114 Soft Springing No   1.35x 1.32x 0 6 19,400,000
Loan 26.00 CVS & Walgreens Portfolio(31) 06/06/2017 05/06/2027 No 05/06/2027 64,970 779,643     38 Hard Springing No   1.38x 1.37x 0 6 18,870,000
Property 26.01 Walgreen’s Rochester, MI                                   7,690,000
Property 26.02 CVS Coon Rapids MN                                   6,050,000
Property 26.03 Walgreen’s Norton, MA                                   5,130,000
Loan 27.00 Oak Manor Villas 04/06/2017 03/06/2027 No 03/06/2027 67,444 809,328       Soft Springing No   1.43x 1.40x 0 6 16,500,000
Loan 28.00 Amsdell All Star Self Storage 07/06/2017 06/06/2027 No 06/06/2027 60,754 729,051     33 Springing Soft Springing No   1.33x 1.31x 0 6 16,420,000
Loan 29.00 Hampton Inn Daytona Beach(32) 08/06/2017 07/06/2027 No 07/06/2027 57,569 690,826       Hard Springing No   1.96x 1.74x 0 6 16,500,000
Loan 30.00 1530 Meridian 01/06/2017 12/06/2026 No 12/06/2026 59,394 712,725       Hard Springing No   1.45x 1.34x 0 6 17,000,000
Loan 31.00 Fresenius Northeast Portfolio 06/06/2017 05/06/2027 No 05/06/2027 51,488 617,860     56 Hard Springing No Yes - C 1.56x 1.55x 0 6 15,165,000
Property 31.01 Fresenius Springfield                                   6,100,000
Property 31.02 Fresenius Cleveland                                   4,640,000
Property 31.03 Fresenius Scranton                                   4,425,000
Loan 32.00 Towne Center Shoppes 05/06/2017 04/06/2027 No 04/06/2027 37,962 455,544     115 Hard Springing No   2.22x 2.12x 0 6 16,500,000
Loan 33.00 Rampart Village Center 09/06/2017 08/06/2027 No 08/06/2027 45,218 542,615       Hard Springing No   1.43x 1.29x 0 6 12,050,000
Loan 34.00 Fresenius Southern Portfolio 07/06/2017 06/06/2027 No 06/06/2027 45,246 542,953     57 Hard Springing No Yes - C 1.62x 1.61x 0 6 13,545,000
Property 34.01 Fresenius Pasadena                                   5,670,000
Property 34.02 Fresenius Bolivar                                   4,200,000
Property 34.03 Fresenius Deer Park                                   3,675,000
Loan 35.00 Packard Place 06/06/2017 05/06/2027 No 05/06/2027 49,163 589,960       Hard Springing No   1.37x 1.23x 0 6 19,000,000
Loan 36.00 Courtyard West Des Moines(32) 09/06/2017 08/06/2027 No 08/06/2027 41,767 501,201     23 Hard Springing No   2.41x 2.16x 0 6 14,100,000
Loan 37.00 Bedford Park Shoppes 08/06/2017 07/06/2027 No 07/06/2027 41,424 497,085       Springing Hard Springing No   1.73x 1.64x 0 6 11,100,000
Loan 38.00 Tyler Mall Mini Storage 09/06/2017 08/06/2027 No 08/06/2027 35,981 431,778       Springing Hard Springing No Yes - D 1.49x 1.46x 0 6 11,240,000
Loan 39.00 Central Corporate Office 09/06/2017 08/06/2027 No 08/06/2027 34,593 415,119     23 Springing Hard Springing No Yes - D 1.81x 1.69x 0 6 11,480,000
Loan 40.00 Lexington Hotel Miami Beach 06/06/2017 05/06/2027 No 05/06/2027 25,592 307,107     116 Springing Hard Springing No   4.17x 3.56x 0 6 30,250,000
Loan 41.00 Fresenius & DaVita CA Portfolio 09/06/2017 08/06/2027 No 08/06/2027 29,115 349,383     59 Hard Springing No Yes - C 1.79x 1.78x 0 6 10,450,000
Property 41.01 Fresenius Roseville                                   6,430,000
Property 41.02 DaVita Ceres                                   4,020,000
Loan 42.00 West Palm Small Bay Portfolio 08/06/2017 07/06/2027 No 07/06/2027 21,469 257,629     118 Soft Springing Hard Springing No   1.95x 1.76x 0 6 7,650,000
Property 42.01 6677 42nd Terrace N                                   2,600,000
Property 42.02 4574 Dyer Boulevard                                   2,900,000
Property 42.03 4249, 4255 & 4261 Westroads Drive                                   2,150,000

 

 A-1-2

 

 

COMM 2017_COR2

 

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

 

                            Net   Loan per Net
        FIRREA Cut-Off                 Rentable Area Units Rentable Area
      Appraisal Compliant Date LTV LTV Ratio at           Year Year (SF/Units of (SF/Units/
Property Flag ID Property Name As-of Date (Yes/No) Ratio(9)(10)(12)(13) Maturity or ARD(9)(10)(12)(13) Address City County State Zip Code Built Renovated Rooms/Beds)(4) Measure Rooms/Beds) ($)(9)(10)
Loan 1.00 101 Ludlow 08/30/2016 Yes 63.4% 63.4% 101 Ludlow Street New York New York NY 10002 2009 NAP 361 Beds 196,676
Loan 2.00 AHIP Northeast Portfolio II Various Yes 56.2% 51.4% Various Various Various Various Various Various Various 497 Rooms 116,097
Property 2.01 Residence Inn - Arundel Mills BWI Airport 06/01/2018 Yes     7035 Arundel Mills Circle Hanover Anne Arundel MD 21076 2003 2016 131 Rooms 133,940
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate 06/01/2018 Yes     1000 Bishops Gate Boulevard Mount Laurel Burlington NJ 08054 2007 2012, 2015 144 Rooms 113,257
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport 06/01/2019 Yes     2031 Avenue C Bethlehem Lehigh PA 18017 2006 2012 113 Rooms 111,978
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport 06/01/2018 Yes     7021 Arundel Mills Circle Hanover Anne Arundel MD 21076 2008 2015 109 Rooms 102,673
Loan 3.00 CHG Building 04/03/2017 Yes 62.3% 50.9% 7259 South Bingham Junction Boulevard Midvale Salt Lake UT 84047 2017 NAP 281,712 Sq. Ft. 202
Loan 4.00 Grand Hyatt Seattle(30) 03/08/2017 Yes 54.9% 54.9% 721 Pine Street Seattle King WA 98101 2001 2014 457 Rooms 291,028
Loan 5.00 Renaissance Seattle(30) 03/08/2017 Yes 55.3% 55.3% 515 Madison Street Seattle King WA 98104 1978 2012-2017 557 Rooms 228,007
Loan 6.00 Mall of Louisiana(30) 06/23/2017 Yes 57.0% 49.3% 6401 Bluebonnet Boulevard, and 9168 and 9330 Mall of Louisiana Boulevard Baton Rouge East Baton Rouge LA 70836 1997 2008 776,789 Sq. Ft. 418
Loan 7.00 Colorado Center(30) 07/10/2017 Yes 24.6% 24.6% 2401, 2425, 2501 and 2525 Colorado Avenue; 2400, 2450 and 2500 Broadway Santa Monica Los Angeles CA 90404 1984-1991 NAP 1,176,161 Sq. Ft. 253
Loan 8.00 360 North Rodeo Drive 03/08/2017 Yes 20.8% 20.8% 360 North Rodeo Drive Beverly Hills Los Angeles CA 90210 1961 2011 6,859 Sq. Ft. 5,540
Loan 9.00 Parmer Office 3.2 06/15/2018 Yes 63.3% 57.7% 13011 McCallen Pass Austin Travis TX 78753 2015 NAP 191,689 Sq. Ft. 198
Loan 10.00 Freeway Industrial Park 03/14/2017 Yes 64.3% 56.7% 1600-2060 Chicago Avenue & 1614-1616 Marlborough Avenue Riverside Riverside CA 92507 1975, 1980, 1981, 1982 NAP 481,201 Sq. Ft. 67
Loan 11.00 Integrated Health Campus(30) 07/20/2017 Yes 64.8% 56.5% 240-250 Cetronia Road Allentown Lehigh PA 18104 2007-2008 NAP 300,197 Sq. Ft. 177
Loan 12.00 Park Slope Court 02/28/2017 Yes 69.0% 69.0% 110 4th Avenue Brooklyn Kings NY 11217 2007 NAP 49 Units 571,429
Loan 13.00 The Landing 03/21/2017 Yes 64.9% 55.9% 32107-32133 Lindero Canyon Road Westlake Village Los Angeles CA 91361 1968, 1975, 1984 NAP 105,042 Sq. Ft. 259
Loan 14.00 16027 Ventura Boulevard 10/01/2017 Yes 65.8% 65.8% 16027 Ventura Boulevard Encino Los Angeles CA 91436 1980 2017 112,435 Sq. Ft. 222
Loan 15.00 2600 N. Ashton 05/02/2017 Yes 54.8% 38.8% 2600 North Ashton Boulevard Lehi Utah UT 84043 2016 NAP 145,646 Sq. Ft. 147
Loan 16.00 Texarkana Pavilion 04/30/2017 Yes 48.6% 48.6% 4200-4300 St. Michael Drive Texarkana Bowie TX 75503 2004 NAP 254,489 Sq. Ft. 67
Loan 17.00 Kihei Kalama Village 09/01/2016 Yes 56.7% 56.7% 1935-1945 South Kihei Road Kihei Maui HI 96753 1944-1968, 2000 2002, 2013-2016 43,501 Sq. Ft. 391
Loan 18.00 Spring River Business Park(32) 10/11/2016 Yes 72.0% 66.8% 2201-2211, 2301, 2303, 2305 & 2307 River Road Louisville Jefferson KY 40206 1999 2003 197,804 Sq. Ft. 79
Loan 19.00 Shops on Sage 12/22/2016 Yes 65.1% 65.1% 2800 Sage Road Houston Harris TX 77056 2005 NAP 33,944 Sq. Ft. 451
Loan 20.00 Oaks Apartment Portfolio 03/06/2017 Yes 73.2% 65.0% Various Various Various Various Various 1985-1987 2017 315 Units 47,619
Property 20.01 Oak Forest Apartments & Townhomes 03/06/2017 Yes     300 Twin Oaks Drive Monroe Monroe MI 48162 1985-1987 2017 172 Units 50,488
Property 20.02 Oakwood Villas & Townhomes 03/06/2017 Yes     1559 Twin Oaks Drive Toledo Lucas OH 43615 1986-1987 2017 143 Units 44,168
Loan 21.00 Dunes Plaza 05/26/2017 Yes 72.0% 58.2% 136-352 Dunes Plaza Michigan City LaPorte IN 46360 1974-1981 2015 155,242 Sq. Ft. 95
Loan 22.00 One Independence Way 06/15/2017 Yes 71.1% 59.0% One Independence Way South Brunswick Middlesex NJ 08540 1982 2014-2016 113,998 Sq. Ft. 127
Loan 23.00 592-594 Dean Street 04/28/2017 Yes 64.5% 58.7% 592-594 Dean Street Brooklyn Kings NY 11217 1951 2015 30,677 Sq. Ft. 465
Loan 24.00 Fairway Lane Apartments 10/11/2016 Yes 67.6% 61.9% 3873 Northwest Fairway Lane Bremerton Kitsap WA 98312 1988, 1994, 2008 NAP 134 Units 98,881
Loan 25.00 Texan Pearl 02/15/2017 Yes 67.0% 67.0% 2515 Pearl Street Austin Travis TX 78705 2008 NAP 169 Beds 76,923
Loan 26.00 CVS & Walgreens Portfolio(31) Various Yes 64.1% 57.4% Various Various Various Various Various Various NAP 41,940 Sq. Ft. 289
Property 26.01 Walgreen’s Rochester, MI 02/24/2017 Yes     1490 North Rochester Road Rochester Oakland MI 48307 2006 NAP 14,490 Sq. Ft. 336
Property 26.02 CVS Coon Rapids MN 02/28/2017 Yes     10930 University Avenue Northwest Coon Rapids Anoka MN 55448 2006 NAP 12,900 Sq. Ft. 305
Property 26.03 Walgreen’s Norton, MA 02/23/2017 Yes     38 West Main Street Norton Bristol MA 02766 2005 NAP 14,550 Sq. Ft. 226
Loan 27.00 Oak Manor Villas 01/06/2017 Yes 71.1% 59.9% 2200 Hamman Road Bay City Matagorda TX 77414 2014, 2016 NAP 112 Units 104,731
Loan 28.00 Amsdell All Star Self Storage 03/23/2017 Yes 68.2% 61.8% 9696 Virginia Parkway McKinney Collin TX 75071 2001 NAP 123,452 Sq. Ft. 93
Loan 29.00 Hampton Inn Daytona Beach(32) 05/15/2018 Yes 67.1% 54.8% 1024 North Atlantic Avenue Daytona Beach Volusia FL 32118 1988 2013 91 Rooms 121,700
Loan 30.00 1530 Meridian 01/01/2017 Yes 61.1% 53.3% 1530 Meridian Avenue San Jose Santa Clara CA 95125 1976 2016 41,581 Sq. Ft. 262
Loan 31.00 Fresenius Northeast Portfolio Various Yes 64.6% 59.4% Various Various Various Various Various 2017 NAP 27,069 Sq. Ft. 362
Property 31.01 Fresenius Springfield 02/06/2017 Yes     1515 State Street Springfield Hampden MA 01109 2017 NAP 10,165 Sq. Ft. 389
Property 31.02 Fresenius Cleveland 03/10/2017 Yes     3280-3294 West 25th Street Cleveland Cuyahoga OH 44109 2017 NAP 9,800 Sq. Ft. 306
Property 31.03 Fresenius Scranton 03/02/2017 Yes     321 Meridian Avenue Scranton Lackawanna PA 18504 2017 NAP 7,104 Sq. Ft. 400
Loan 32.00 Towne Center Shoppes 02/03/2017 Yes 58.5% 58.5% 199 Mitchell Hammock Road Oviedo Seminole FL 32765 2000 NAP 64,587 Sq. Ft. 149
Loan 33.00 Rampart Village Center 06/23/2017 Yes 68.8% 59.3% 7601-7689 North Union Boulevard Colorado Springs El Paso CO 80920 1985 2007 97,210 Sq. Ft. 90
Loan 34.00 Fresenius Southern Portfolio Various Yes 64.9% 59.5% Various Various Various Various Various Various NAP 28,045 Sq. Ft. 313
Property 34.01 Fresenius Pasadena 04/10/2017 Yes     4901 East Sam Houston Parkway Pasadena Harris TX 77505 2016 NAP 11,570 Sq. Ft. 316
Property 34.02 Fresenius Bolivar 04/04/2017 Yes     2101 West Broadway Street Bolivar Polk MO 65613 2017 NAP 8,141 Sq. Ft. 336
Property 34.03 Fresenius Deer Park 04/10/2017 Yes     4625 Center Street Deer Park Harris TX 77536 2016 NAP 8,334 Sq. Ft. 287
Loan 35.00 Packard Place 04/03/2017 Yes 43.9% 34.1% 222 South Church Street Charlotte Mecklenburg NC 28202 1928 1952 84,166 Sq. Ft. 104
Loan 36.00 Courtyard West Des Moines(32) 06/02/2017 Yes 59.6% 50.7% 410 South 68th Street West Des Moines Dallas IA 50266 2008 2017 102 Rooms 82,353
Loan 37.00 Bedford Park Shoppes 05/18/2017 Yes 71.9% 58.6% 7250 South Cicero Avenue Bedford Park Cook IL 60629 2007 NAP 36,988 Sq. Ft. 216
Loan 38.00 Tyler Mall Mini Storage 06/08/2017 Yes 63.6% 51.4% 10090 Indiana Avenue Riverside Riverside CA 92503 1984 NAP 90,776 Sq. Ft. 79
Loan 39.00 Central Corporate Office 06/09/2017 Yes 60.1% 51.2% 3400 Central Avenue Riverside Riverside CA 92506 1990 NAP 48,547 Sq. Ft. 142
Loan 40.00 Lexington Hotel Miami Beach 04/01/2017 Yes 21.5% 21.5% 4299 Collins Avenue Miami Beach Miami-Dade FL 33140 1950 2017 143 Rooms 45,455
Loan 41.00 Fresenius & DaVita CA Portfolio Various Yes 54.5% 50.0% Various Various Various CA Various Various NAP 16,200 Sq. Ft. 352
Property 41.01 Fresenius Roseville 05/24/2017 Yes     1781 Santa Clara Drive Roseville Placer CA 95661 2017 NAP 7,200 Sq. Ft. 487
Property 41.02 DaVita Ceres 05/18/2017 Yes     1424 East Whitmore Avenue Ceres Stanislaus CA 95307 2016 NAP 9,000 Sq. Ft. 244
Loan 42.00 West Palm Small Bay Portfolio 05/05/2017 Yes 65.4% 65.4% Various Riviera Beach Palm Beach FL 33407 Various Various 95,720 Sq. Ft. 52
Property 42.01 6677 42nd Terrace N 05/05/2017 Yes     6677-6687 North 42nd Terrace Riviera Beach Palm Beach FL 33407 1997 NAP 34,520 Sq. Ft. 52
Property 42.02 4574 Dyer Boulevard 05/05/2017 Yes     4574 Dyer Boulevard Riviera Beach Palm Beach FL 33407 1982 2016 33,600 Sq. Ft. 52
Property 42.03 4249, 4255 & 4261 Westroads Drive 05/05/2017 Yes     4249, 4255 & 4261 Westroads Drive Riviera Beach Palm Beach FL 33407 1978 NAP 27,600 Sq. Ft. 53

 

 A-1-3

 

 

COMM 2017_COR2

 

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

                                       
                  Second Most Second Second Second Third Most Third Third Third      
        Prepayment Provisions Most Recent Operating 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
Property Flag ID Property Name   (# of payments)(14)(15)(16) Statements Date(24) EGI ($) Expenses($) NOI($) Statements Date(24) EGI($) Expenses($) NOI($) Statements Date(24) EGI($) Expenses($) NOI($) Debt Yield(9)(10)(12) Debt Yield(9)(10)(12)  Revenue($)
Loan 1.00 101 Ludlow   L(34), D(82), O(4) T-12 3/31/2017 7,697,637 2,491,403 5,206,234 12/31/2016 7,666,150 2,490,701 5,175,449 12/31/2015 7,476,725 2,385,725 5,091,001 7.0% 6.9% 5,608,078
Loan 2.00 AHIP Northeast Portfolio II   L(26), D(90), O(4) T-12 3/31/2017 20,035,295 11,414,731 8,620,564 12/31/2016 19,788,708 11,288,196 8,500,512 12/31/2015 19,787,981 11,214,330 8,573,651 14.7% 13.3% 19,512,606
Property 2.01 Residence Inn - Arundel Mills BWI Airport     T-12 3/31/2017 5,680,875 3,093,108 2,587,767 12/31/2016 5,516,492 3,049,267 2,467,225 12/31/2015 5,781,113 3,063,539 2,717,574     5,591,807
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate     T-12 3/31/2017 5,490,717 3,138,636 2,352,081 12/31/2016 5,552,202 3,148,381 2,403,821 12/31/2015 5,562,295 3,157,219 2,405,076     5,425,225
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport     T-12 3/31/2017 4,799,135 2,908,420 1,890,715 12/31/2016 4,689,474 2,813,868 1,875,606 12/31/2015 4,406,304 2,732,047 1,674,257     4,502,897
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport     T-12 3/31/2017 4,064,568 2,274,567 1,790,001 12/31/2016 4,030,540 2,276,680 1,753,860 12/31/2015 4,038,269 2,261,525 1,776,744     3,992,677
Loan 3.00 CHG Building   L(27), D(89), O(4)                         9.8% 9.2% 8,085,134
Loan 4.00 Grand Hyatt Seattle(30)   L(28), D(89), O(4) T-12 7/31/2017 42,788,196 27,115,070 15,673,126 12/31/2016 42,069,129 26,736,438 15,332,691 12/31/2015 40,411,207 25,893,073 14,518,134 11.5% 10.0% 42,417,056
Loan 5.00 Renaissance Seattle(30)   L(28), D(89), O(4) T-12 7/31/2017 43,749,318 26,882,301 16,867,017 12/31/2016 42,150,053 26,056,984 16,093,069 12/31/2015 40,908,326 25,083,570 15,824,756 12.2% 10.5% 43,449,808
Loan 6.00 Mall of Louisiana(30)   L(25), D(91), O(4) T-12 4/30/2017 42,205,123 7,209,498 34,995,625 12/31/2016 42,235,214 7,196,737 35,038,477 12/31/2015 41,979,974 7,399,438 34,580,536 11.1% 10.6% 43,806,234
Loan 7.00 Colorado Center(30)   L(25), D(88), O(7) 12/31/2016 40,968,828 17,405,107 23,563,721 12/31/2015 49,031,481 18,916,122 30,115,359 12/31/2014 64,597,706 20,072,749 44,524,957 18.6% 17.4% 64,673,869
Loan 8.00 360 North Rodeo Drive   L(27), D(89), O(4) T-12 4/30/2017 12,074,824 7,490,846 4,583,978 12/31/2016 12,160,615 7,284,139 4,876,476 12/31/2015 12,105,723 7,206,494 4,899,229 11.7% 10.8% 12,188,659
Loan 9.00 Parmer Office 3.2   L(26), DorYM1(90), O(4) T-12 5/31/2017 1,279,851 1,213,844 66,007 12/31/2016 213,308 1,021,303 -807,995         9.6% 9.1% 6,360,376
Loan 10.00 Freeway Industrial Park   L(28), D(89), O(3) T-12 6/30/2017 3,678,163 850,595 2,827,568 12/31/2016 3,208,404 791,386 2,417,018         9.2% 8.5% 3,846,053
Loan 11.00 Integrated Health Campus(30)   L(24), D(92), O(4) T-12 6/30/2017 8,125,297 2,984,001 5,141,296 12/31/2016 8,279,923 2,880,753 5,399,170 12/31/2015 8,470,281 3,088,915 5,381,366 9.1% 8.1% 6,004,489
Loan 12.00 Park Slope Court   L(29), D(87), O(4) T-12 2/28/2017 2,561,379 250,346 2,311,033 12/31/2016 2,561,380 250,320 2,311,060 12/31/2015 2,568,645 315,510 2,253,135 7.2% 7.1% 2,311,320
Loan 13.00 The Landing   L(27), D(89), O(4) T-12 2/28/2017 3,317,541 1,099,963 2,217,578 12/31/2016 3,261,649 1,070,219 2,191,430 12/31/2015 3,347,370 1,021,550 2,325,820 8.8% 8.2% 3,650,885
Loan 14.00 16027 Ventura Boulevard   L(24), D(92), O(4) T-12 3/31/2017 3,019,990 1,311,000 1,708,990 12/31/2016 2,764,598 1,271,010 1,493,588 12/31/2015 2,911,296 1,301,996 1,609,300 8.9% 8.1% 3,526,539
Loan 15.00 2600 N. Ashton   L(26), D(90), O(4)                         10.4% 9.7% 2,887,796
Loan 16.00 Texarkana Pavilion   L(24), D(92), O(4) T-12 7/31/2017 2,753,459 825,798 1,927,661 12/31/2016 3,033,090 844,376 2,188,715 12/31/2015 2,691,974 819,779 1,872,194 14.5% 12.6% 3,654,688
Loan 17.00 Kihei Kalama Village   L(35), D(81), O(4) T-12 2/28/2017 2,991,646 1,391,774 1,599,872 12/31/2016 2,988,657 1,418,835 1,569,822 12/31/2015 2,941,630 1,326,403 1,615,227 11.0% 10.5% 2,616,070
Loan 18.00 Spring River Business Park(32)   L(33), D(84), O(3) T-12 8/31/2016 2,264,606 555,997 1,708,609 12/31/2015 2,179,202 533,758 1,645,443 12/31/2014 2,104,455 506,614 1,597,841 9.9% 9.0% 2,336,083
Loan 19.00 Shops on Sage   L(30), D(86), O(4) 12/31/2016 1,759,543 573,143 1,186,400 12/31/2015 1,628,564 449,334 1,179,230 12/31/2014 1,597,502 428,265 1,169,237 8.3% 8.0% 1,366,131
Loan 20.00 Oaks Apartment Portfolio   L(28), D(88), O(4) T-12 2/28/2017 2,772,798 1,452,526 1,320,272 12/31/2016 2,769,201 1,386,839 1,382,363 12/31/2015 2,706,880 1,431,514 1,275,366 8.7% 8.0% 2,906,505
Property 20.01 Oak Forest Apartments & Townhomes     T-12 2/28/2017 1,489,152 792,052 697,100 12/31/2016 1,488,131 760,635 727,496 12/31/2015 1,508,737 737,379 771,358     1,622,116
Property 20.02 Oakwood Villas & Townhomes     T-12 2/28/2017 1,283,646 660,474 623,172 12/31/2016 1,281,071 626,204 654,867 12/31/2015 1,198,143 694,136 504,008     1,284,389
Loan 21.00 Dunes Plaza   L(25), D(90), O(5) T-12 4/30/2017 2,049,749 588,144 1,461,605 12/31/2016 2,055,995 567,138 1,488,857 12/31/2015 1,802,845 537,100 1,265,745 10.5% 9.7% 2,307,920
Loan 22.00 One Independence Way   L(24), D(89), O(7)                         9.9% 8.9% 2,689,264
Loan 23.00 592-594 Dean Street   L(24), D(92), O(4) T-12 3/31/2017 438,583 133,425 305,158 12/31/2016 162,258 125,876 36,382         7.9% 7.7% 1,288,525
Loan 24.00 Fairway Lane Apartments   L(34), D(82), O(4) T-12 3/31/2017 2,125,008 803,914 1,321,094 12/31/2016 2,080,834 796,542 1,284,292 12/31/2015 1,881,232 774,654 1,106,578 9.7% 9.4% 2,118,353
Loan 25.00 Texan Pearl   L(30), D(87), O(3) T-12 1/31/2017 1,852,927 766,989 1,085,938 12/31/2016 1,868,792 806,487 1,062,305 12/31/2015 1,775,183 754,100 1,021,083 7.5% 7.3% 1,677,960
Loan 26.00 CVS & Walgreens Portfolio(31)   L(28), D(88), O(4) T-12 1/31/2017 1,096,351 2,921 1,093,430 12/31/2016 1,098,406 2,921 1,095,485 12/31/2015 1,096,351 8,264 1,088,087 8.9% 8.9% 1,096,351
Property 26.01 Walgreen’s Rochester, MI     T-12 1/31/2017 445,000   445,000 12/31/2016 445,000   445,000 12/31/2015 445,000   445,000     445,000
Property 26.02 CVS Coon Rapids MN     T-12 1/31/2017 351,351 2,921 348,430 12/31/2016 353,406 2,921 350,485 12/31/2015 351,351 8,264 343,087     351,351
Property 26.03 Walgreen’s Norton, MA     T-12 1/31/2017 300,000   300,000 12/31/2016 300,000   300,000 12/31/2015 300,000   300,000     300,000
Loan 27.00 Oak Manor Villas   L(30), D(86), O(4) T-12 5/31/2017 1,928,003 735,973 1,192,030 12/31/2016 1,847,348 749,935 1,097,413         9.9% 9.7% 1,966,764
Loan 28.00 Amsdell All Star Self Storage   L(27), D(89), O(4) T-12 2/28/2017 1,447,485 418,907 1,028,578 12/31/2016 1,446,157 395,865 1,050,292 12/31/2015 1,307,936 404,271 903,665 8.7% 8.6% 1,749,780
Loan 29.00 Hampton Inn Daytona Beach(32)   L(26), D(89), O(5) T-12 3/31/2017 3,793,448 2,411,769 1,381,679 12/31/2016 3,777,565 2,385,621 1,391,944 12/31/2015 3,532,827 2,261,583 1,271,244 12.2% 10.9% 3,723,966
Loan 30.00 1530 Meridian   L(33), D(83), O(4)                         9.9% 9.2% 1,453,258
Loan 31.00 Fresenius Northeast Portfolio   L(28), D(89), O(3)                         9.8% 9.8% 963,180
Property 31.01 Fresenius Springfield                                 387,286
Property 31.02 Fresenius Cleveland                                 298,698
Property 31.03 Fresenius Scranton                                 277,196
Loan 32.00 Towne Center Shoppes   L(29), D(88), O(3) T-12 1/31/2017 1,349,303 339,054 1,010,249 12/31/2016 1,338,796 322,596 1,016,200 12/31/2015 1,280,807 278,300 1,002,507 10.5% 10.0% 1,213,311
Loan 33.00 Rampart Village Center   L(25), D(92), O(3) T-12 4/30/2017 1,255,559 361,120 894,439 12/31/2016 1,376,945 341,152 1,035,793 12/31/2015 1,320,120 312,521 1,007,599 9.3% 8.5% 1,451,713
Loan 34.00 Fresenius Southern Portfolio   L(27), D(90), O(3)                         10.0% 10.0% 879,285
Property 34.01 Fresenius Pasadena                                 347,026
Property 34.02 Fresenius Bolivar                                 295,788
Property 34.03 Fresenius Deer Park                                 236,471
Loan 35.00 Packard Place   L(28), D(89), O(3) 12/31/2016 1,504,931 657,985 846,946 12/31/2015 1,437,348 607,882 829,466 12/31/2014 1,214,381 551,391 662,990 9.7% 8.7% 1,866,683
Loan 36.00 Courtyard West Des Moines(32)   L(25), D(91), O(4) T-12 5/31/2017 3,174,400 1,984,318 1,190,082 12/31/2016 3,387,925 2,021,015 1,366,910 12/31/2015 3,509,622 2,090,570 1,419,052 14.4% 12.9% 2,946,283
Loan 37.00 Bedford Park Shoppes   L(26), D(90), O(4) T-12 4/30/2017 1,457,013 657,953 799,060 12/31/2016 1,380,034 638,659 741,375 12/31/2015 1,411,450 636,805 774,645 10.8% 10.2% 822,317
Loan 38.00 Tyler Mall Mini Storage   L(25), D(92), O(3) T-12 5/31/2017 891,126 243,972 647,154 12/31/2016 856,881 233,753 623,128 12/31/2015 778,893 240,063 538,830 9.0% 8.8% 934,404
Loan 39.00 Central Corporate Office   L(25), D(92), O(3) T-12 5/31/2017 776,250 327,287 448,963 12/31/2016 737,721 328,097 409,624 12/31/2015 887,136 328,419 558,717 10.9% 10.2% 1,239,390
Loan 40.00 Lexington Hotel Miami Beach   L(28), D(88), O(4) T-12 4/30/2017 4,779,936 3,490,886 1,289,050 12/31/2016 4,964,253 3,698,608 1,265,645 12/31/2015 5,563,267 3,946,290 1,616,977 19.7% 16.8% 4,738,513
Loan 41.00 Fresenius & DaVita CA Portfolio   L(25), D(92), O(3)                         10.9% 10.9% 635,502
Property 41.01 Fresenius Roseville                                 406,566
Property 41.02 DaVita Ceres                                 228,936
Loan 42.00 West Palm Small Bay Portfolio   L(26), D(90), O(4) T-12 3/31/2017 658,924 200,798 458,126 12/31/2016 670,727 266,588 404,139 12/31/2015 578,178 233,596 344,582 10.1% 9.0% 764,492
Property 42.01 6677 42nd Terrace N     T-12 3/31/2017 232,696 69,954 162,742 12/31/2016 241,931 105,500 136,431 12/31/2015 197,443 95,642 101,801     276,373
Property 42.02 4574 Dyer Boulevard     T-12 3/31/2017 252,844 60,332 192,512 12/31/2016 234,080 73,444 160,636 12/31/2015 200,770 61,936 138,834     261,947
Property 42.03 4249, 4255 & 4261 Westroads Drive     T-12 3/31/2017 173,384 70,512 102,872 12/31/2016 194,716 87,644 107,072 12/31/2015 179,965 76,018 103,947     226,173

 

 A-1-4

 

 

COMM 2017_COR2

 

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

                               
       Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease Ground Lease     Lease  
Property Flag ID Property Name  EGI($)  Expenses($)  NOI ($)  Reserves($) TI/LC($) NCF ($) Interest(17)  Expiration(17)  Extension Terms(17) Largest Tenant(18)(20)(21)(22) SF   Expiration 2nd Largest Tenant(18)(19)(20)(22)(23)
Loan 1.00 101 Ludlow 7,612,337 2,642,580 4,969,756 81,225   4,888,531 Fee Simple     NAP NAP NAP NAP
Loan 2.00 AHIP Northeast Portfolio II 19,909,020 11,442,551 8,466,470 796,361   7,670,109 Fee Simple            
Property 2.01 Residence Inn - Arundel Mills BWI Airport 5,728,920 3,153,225 2,575,694 229,157   2,346,538 Fee Simple     NAP NAP NAP NAP
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate 5,529,828 3,141,616 2,388,212 221,193   2,167,019 Fee Simple     NAP NAP NAP NAP
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport 4,604,682 2,869,826 1,734,856 184,187   1,550,669 Fee Simple     NAP NAP NAP NAP
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport 4,045,591 2,277,884 1,767,707 161,824   1,605,883 Fee Simple     NAP NAP NAP NAP
Loan 3.00 CHG Building 7,575,771 2,014,527 5,561,244 56,342 280,066 5,224,836 Fee Simple     CHG Healthcare Services, Inc. 281,712 4/30/2029 NAP
Loan 4.00 Grand Hyatt Seattle(30) 42,417,056 27,058,428 15,358,629 2,120,853   13,237,776 Fee Simple     NAP NAP NAP NAP
Loan 5.00 Renaissance Seattle(30) 43,449,808 27,961,003 15,488,805 2,172,490   13,316,315 Fee Simple     NAP NAP NAP NAP
Loan 6.00 Mall of Louisiana(30) 43,215,234 7,152,311 36,062,923 155,358 1,473,928 34,433,637 Fee Simple     AMC Theatres 74,400 07/21/2026 Dick’s Sporting Goods
Loan 7.00 Colorado Center(30) 73,131,018 17,770,483 55,360,535 235,232 3,160,223 51,965,081 Fee Simple     HULU 261,823 11/15/2021 Edmunds.com
Loan 8.00 360 North Rodeo Drive 12,188,659 7,746,702 4,441,957 353,829   4,088,128 Fee Simple     Gearys 3,675 1/31/2022 Michael Kors
Loan 9.00 Parmer Office 3.2 6,042,357 2,388,006 3,654,351 28,753 192,647 3,432,951 Fee Simple     NSTX, Inc. 93,967 11/30/2026 Blue Apron, Inc.
Loan 10.00 Freeway Industrial Park 3,862,797 908,093 2,954,704 72,180 153,984 2,728,540 Fee Simple     County of Riverside 34,704 12/15/2023 Alcal Specialty Contracting Inc
Loan 11.00 Integrated Health Campus(30) 7,970,549 3,163,584 4,806,966 75,049 450,296 4,281,621 Fee Simple     Orthopedic Associates of Allentown, LTD. D/B/A - Orthopedic Specialists 116,617 06/30/2026 St Luke’s Hospital of Bethlehem, Pennsylvania D/B/A St. Luke’s University Health Network
Loan 12.00 Park Slope Court 2,478,137 464,496 2,013,641 17,101   1,996,540 Fee Simple     NAP NAP NAP NAP
Loan 13.00 The Landing 3,647,544 1,256,125 2,391,420 26,261 120,798 2,244,361 Fee Simple     Jones Trading 11,686 11/30/2020 Zin Bistro Americana (Sabzin Inc.)
Loan 14.00 16027 Ventura Boulevard 3,547,291 1,327,239 2,220,053 22,487 182,991 2,014,574 Fee Simple     Life Alert Emergency Response, Inc. 34,660 07/31/2022 CBS Studios, Inc.
Loan 15.00 2600 N. Ashton 3,580,632 1,343,084 2,237,548 29,129 132,538 2,075,881 Leasehold 10/31/2066 None Solutionreach, Inc. 145,646 4/30/2027 NAP
Loan 16.00 Texarkana Pavilion 3,350,767 885,741 2,465,026 62,311 254,489 2,148,225 Fee Simple     CNMK Texas Propertie 47,320 11/30/2019 (TJ Maxx) The TJX Co
Loan 17.00 Kihei Kalama Village 3,286,900 1,422,783 1,864,117 10,440 62,641 1,791,035 Fee Simple     Volcan Bar & Grill 5,900 6/30/2022 Three’s Catering LLC
Loan 18.00 Spring River Business Park(32) 2,247,544 687,870 1,559,675 49,451 98,902 1,411,322 Fee Simple     Assured Neace Lukens Insurance Agency, Inc. 44,465 4/30/2023 Munson Business Interiors, Inc.
Loan 19.00 Shops on Sage 1,861,357 593,192 1,268,165 6,789 42,769 1,218,606 Fee Simple     The Liveable Kitchen/Sub-Zero Wolf 10,552 08/31/2020 Tango and Malbec
Loan 20.00 Oaks Apartment Portfolio 2,797,609 1,487,064 1,310,545 105,525   1,205,020 Fee Simple            
Property 20.01 Oak Forest Apartments & Townhomes 1,511,235 806,973 704,262 57,620   646,642 Fee Simple     NAP NAP NAP NAP
Property 20.02 Oakwood Villas & Townhomes 1,286,374 680,091 606,283 47,905   558,378 Fee Simple     NAP NAP NAP NAP
Loan 21.00 Dunes Plaza 2,188,844 645,827 1,543,017 31,048 77,621 1,434,348 Fee Simple     Ross Dress for less 25,000 01/01/2025 TJ Maxx
Loan 22.00 One Independence Way 2,420,338 984,850 1,435,488 28,500 113,998 1,292,991 Fee Simple     S&P 74,845 02/28/2028 ALK
Loan 23.00 592-594 Dean Street 1,315,779 224,810 1,090,969 4,602 25,000 1,061,368 Fee Simple     Industrious 18,770 02/28/2026 United States Postal Service
Loan 24.00 Fairway Lane Apartments 2,179,767 892,472 1,287,295 46,900   1,240,395 Fee Simple     NAP NAP NAP NAP
Loan 25.00 Texan Pearl 1,813,296 844,028 969,268 25,350   943,918 Fee Simple     NAP NAP NAP NAP
Loan 26.00 CVS & Walgreens Portfolio(31) 1,189,139 115,138 1,074,001 2,580   1,071,421 Fee Simple            
Property 26.01 Walgreen’s Rochester, MI 445,000 13,350 431,650     431,650 Fee Simple     Walgreens 14,490 8/31/2031 NAP
Property 26.02 CVS Coon Rapids MN 444,139 92,788 351,351 2,580   348,771 Fee Simple     CVS 12,900 1/31/2032 NAP
Property 26.03 Walgreen’s Norton, MA 300,000 9,000 291,000     291,000 Fee Simple     Walgreens 14,550 9/30/2031 NAP
Loan 27.00 Oak Manor Villas 1,872,778 712,683 1,160,095 28,000   1,132,095 Fee Simple     NAP NAP NAP NAP
Loan 28.00 Amsdell All Star Self Storage 1,447,485 476,576 970,909 12,345   958,564 Fee Simple     NAP NAP NAP NAP
Loan 29.00 Hampton Inn Daytona Beach(32) 3,783,245 2,429,481 1,353,764 151,330   1,202,434 Fee Simple     NAP NAP NAP NAP
Loan 30.00 1530 Meridian 1,428,352 396,404 1,031,948 10,396 65,700 955,853 Fee Simple     Abbott, Stringham & Lynch 24,011 10/31/2021 CPI
Loan 31.00 Fresenius Northeast Portfolio 992,969 29,789 963,180 4,060   959,120 Fee Simple            
Property 31.01 Fresenius Springfield 399,264 11,978 387,286 1,525   385,761 Fee Simple     Fresenius Springfield 10,165 1/31/2032 NAP
Property 31.02 Fresenius Cleveland 307,936 9,238 298,698 1,470   297,228 Fee Simple     Springfield Cleveland 9,800 12/31/2031 NAP
Property 31.03 Fresenius Scranton 285,769 8,573 277,196 1,066   276,130 Fee Simple     Fresenius Scranton 7,104 2/28/2032 NAP
Loan 32.00 Towne Center Shoppes 1,458,022 445,897 1,012,125 34,877 11,626 965,622 Fee Simple     L.A. Fitness 44,268 08/31/2031 Delmonico’s Italian Steakhouse Restaurant
Loan 33.00 Rampart Village Center 1,136,733 361,728 775,005 14,582 58,088 702,335 Fee Simple     Gold’s Gym International 55,142 09/30/2022 Good Company
Loan 34.00 Fresenius Southern Portfolio 906,479 27,194 879,285 4,207   875,078 Fee Simple            
Property 34.01 Fresenius Pasadena 357,759 10,733 347,026 1,736   345,291 Fee Simple     Pasadena 11,570 4/30/2031 NAP
Property 34.02 Fresenius Bolivar 304,936 9,148 295,788 1,221   294,567 Fee Simple     Bolivar 8,141 2/10/2032 NAP
Property 34.03 Fresenius Deer Park 243,785 7,314 236,471 1,250   235,221 Fee Simple     Deer Park 8,334 5/31/2031 NAP
Loan 35.00 Packard Place 1,408,672 598,210 810,461 18,667 67,809 723,986 Fee Simple     HQ Charlotte 15,574 04/30/2029 Cardinal Solutions
Loan 36.00 Courtyard West Des Moines(32) 3,174,400 1,966,723 1,207,677 126,976   1,080,701 Fee Simple     NAP NAP NAP NAP
Loan 37.00 Bedford Park Shoppes 1,539,205 676,847 862,358 7,190 41,370 813,798 Fee Simple     Guitar Center 18,538 01/31/2022 Sprint Inc
Loan 38.00 Tyler Mall Mini Storage 891,126 247,365 643,761 13,616   630,145 Fee Simple     NAP NAP NAP NAP
Loan 39.00 Central Corporate Office 1,099,498 346,228 753,270 3,398 47,308 702,564 Fee Simple     First American Title 7,968 05/31/2020 Homebridge Financial
Loan 40.00 Lexington Hotel Miami Beach 4,738,513 3,457,204 1,281,308 189,541   1,091,768 Fee Simple     NAP NAP NAP NAP
Loan 41.00 Fresenius & DaVita CA Portfolio 643,010 19,290 623,719 2,025   621,694 Fee Simple            
Property 41.01 Fresenius Roseville 419,140 12,574 406,566 900   405,666 Fee Simple     Fresenius 7,200 02/29/2032 NAP
Property 41.02 DaVita Ceres 223,869 6,716 217,153 1,125   216,028 Fee Simple     DaVita 9,000 02/28/2031 NAP
Loan 42.00 West Palm Small Bay Portfolio 805,917 302,893 503,024 19,144 31,588 452,292 Fee Simple            
Property 42.01 6677 42nd Terrace N 292,864 113,210 179,654 6,904 11,392 161,359 Fee Simple     Top Shelf Auto 4,800 5/31/2022 Thaddeus T Christon
Property 42.02 4574 Dyer Boulevard 276,681 101,033 175,648 6,720 11,088 157,840 Fee Simple     JP Auto Repairs & Peroul Joseph 4,200 07/31/2024 L&S Import and Export, Inc.
Property 42.03 4249, 4255 & 4261 Westroads Drive 236,372 88,650 147,721 5,520 9,108 133,093 Fee Simple     Best Auto Choices 4,400 4/30/2025 Jorge Usma Silva

 

 A-1-5

 

 

COMM 2017_COR2

 

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

                           
        Lease     Lease     Lease     Lease
Property Flag ID Property Name SF Expiration 3rd Largest Tenant(20)(22)(23) SF Expiration 4th Largest Tenant(20) SF Expiration 5th Largest Tenant(20) SF Expiration
Loan 1.00 101 Ludlow NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 2.00 AHIP Northeast Portfolio II                      
Property 2.01 Residence Inn - Arundel Mills BWI Airport NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 3.00 CHG Building NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 4.00 Grand Hyatt Seattle(30) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 5.00 Renaissance Seattle(30) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 6.00 Mall of Louisiana(30) 74,061 01/31/2019 Main Event 46,900 06/30/2028 Nordstrom Rack 30,002 09/30/2025 Forever 21 26,885 01/31/2019
Loan 7.00 Colorado Center(30) 197,812 01/31/2028 Kite Pharma, Inc. 159,310 07/31/2032 Rubin Postaer 186,894 12/31/2025 HBO 128,273 06/30/2019
Loan 8.00 360 North Rodeo Drive 3,100 9/30/2020 NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 9.00 Parmer Office 3.2 65,222 08/31/2022 Trusource Labs, LLC 32,500 04/30/2029 NAP NAP NAP NAP NAP NAP
Loan 10.00 Freeway Industrial Park 20,083 7/31/2020 Innovative Design & Sheet Metal Products Inc 20,023 7/31/2021 Tech Lift International 10,669 9/30/2020 Tri-Ed Distribution Inc 9,804 5/31/2021
Loan 11.00 Integrated Health Campus(30) 50,114 09/30/2028 Lehigh Valley Health Network 39,857 06/30/2026 Surgery Center of Allentown, LLC 25,654 03/31/2027 Aesthetic Surgery Associates 8,924 06/30/2026
Loan 12.00 Park Slope Court NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 13.00 The Landing 5,567 5/31/2026 Boccaccio’s (leraci & Sadraie) 4,391 7/31/2022 Virtual Research Corp. 4,263 3/31/2019 Robertson & Associates 4,150 1/31/2023
Loan 14.00 16027 Ventura Boulevard 9,604 05/31/2018 Dunn & Pariser, CPA 8,328 01/08/2024 Bank of the West 7,513 08/31/2019 Carsey Werner Company 6,720 12/31/2018
Loan 15.00 2600 N. Ashton NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 16.00 Texarkana Pavilion 26,000 01/31/2027 Burke’s Outlet Store 21,170 01/31/2026 FGB Enterprises, LLC 20,388 08/31/2022 Best Buy Stores, LP 20,044 01/31/2020
Loan 17.00 Kihei Kalama Village 4,432 7/31/2025 Life’s A Beach Inc. 2,168 12/31/2017 Maui Exclusive Partners LLC 1,800 8/31/2018 Barry Allison (Kihei Café) 1,686 08/31/2018
Loan 18.00 Spring River Business Park(32) 22,286 12/31/2022 U.S. Specialties 12,200 2/28/2019 CGB AgriFinancal, Inc. 10,238 11/30/2021 Capture Higher Education 10,226 12/31/2019
Loan 19.00 Shops on Sage 7,000 11/30/2020 Sage 400 Japanese Restaurant 3,800 01/31/2021 Kharisma Hair Studio 3,100 02/28/2018 Burger Place 2,392 05/31/2021
Loan 20.00 Oaks Apartment Portfolio                      
Property 20.01 Oak Forest Apartments & Townhomes NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 20.02 Oakwood Villas & Townhomes NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 21.00 Dunes Plaza 24,000 04/01/2024 Office Max 14,389 03/01/2025 PetSmart 12,157 09/01/2024 Ulta 10,189 09/01/2024
Loan 22.00 One Independence Way 39,153 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 23.00 592-594 Dean Street 9,027 02/28/2026 NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 24.00 Fairway Lane Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 25.00 Texan Pearl NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 26.00 CVS & Walgreens Portfolio(31)                      
Property 26.01 Walgreen’s Rochester, MI NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.02 CVS Coon Rapids MN NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.03 Walgreen’s Norton, MA NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 27.00 Oak Manor Villas NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 28.00 Amsdell All Star Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 29.00 Hampton Inn Daytona Beach(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 30.00 1530 Meridian 6,315 11/30/2028 OPTM 6,182 8/31/2021 Bill McCan 1,818 12/31/2017 Vabad, Inc. 1,040 7/31/2019
Loan 31.00 Fresenius Northeast Portfolio                      
Property 31.01 Fresenius Springfield NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 31.02 Fresenius Cleveland NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 31.03 Fresenius Scranton NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 32.00 Towne Center Shoppes 6,142 04/14/2032 Berkshire Hathaway Home Services of Florida Realty 2,395 12/31/2017 TJ’s Seafodd Shack 2,022 09/30/2018 Prime Nutrition 1,220 01/31/2022
Loan 33.00 Rampart Village Center 5,130 09/30/2018 Tiger Rock Martial Arts 3,600 01/31/2023 Petrie’s Family Games 3,036 02/28/2020 Rampart Liquor 2,400 11/30/2024
Loan 34.00 Fresenius Southern Portfolio                      
Property 34.01 Fresenius Pasadena NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 34.02 Fresenius Bolivar NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 34.03 Fresenius Deer Park NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 35.00 Packard Place 11,205 08/06/2019 Ink ‘n’ Ivy 5,991 09/30/2024 GHD 5,714 06/30/2022 GSA 5,662 03/31/2021
Loan 36.00 Courtyard West Des Moines(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 37.00 Bedford Park Shoppes 4,500 11/30/2022 Bank of America 4,050 11/29/2021 National Vision 2,900 01/29/2022 Bedford Dental LLC 2,750 02/29/2028
Loan 38.00 Tyler Mall Mini Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 39.00 Central Corporate Office 4,914 08/31/2018 AltaPacific Bank 4,670 07/31/2021 Inland Empire Media Group 4,049 08/31/2022 Academy Mortgage Corporation 3,558 08/31/2020
Loan 40.00 Lexington Hotel Miami Beach NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 41.00 Fresenius & DaVita CA Portfolio                      
Property 41.01 Fresenius Roseville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 41.02 DaVita Ceres NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 42.00 West Palm Small Bay Portfolio                      
Property 42.01 6677 42nd Terrace N 4,340 12/31/2022 Federated Consulting Inc 3,880 5/31/2022 Novelek Technology Inc 2,900 2/28/2022 Nitiphat Nick Phewfhad 2,900 2/14/2022
Property 42.02 4574 Dyer Boulevard 4,200 07/31/2022 Charles G Banton 4,200 08/31/2019 Tal Moore 4,200 12/31/2017 Florida Studio Millworks 4,200 09/30/2017
Property 42.03 4249, 4255 & 4261 Westroads Drive 4,000 12/21/2022 Lymage Joseph 2,600 3/31/2022 Rob Korkes 2,400 04/30/2022 Kumar Seepersad 2,400 12/31/2019

 

 A-1-6

 

 

COMM 2017_COR2

 

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

                         
          Upfront Monthly Upfront Monthly Upfront Monthly Upfront Monthly
        Occupancy Replacement Replacement TI/LC TI/LC Tax Tax Insurance Insurance
Property Flag ID Property Name Occupancy(4)(23) As-of Date Reserves($)(25)(27) Reserves ($)(26)(27)(28) Reserves ($)(25) Reserves ($)(26)(27) Reserves ($)(25) Reserves ($)(26) Reserves($)(25) Reserves ($)(26)
Loan 1.00 101 Ludlow 100.0% 03/01/2017 250,000 6,769     1,152,180 192,030 105,710 9,610
Loan 2.00 AHIP Northeast Portfolio II 88.9% 03/31/2017   Springing     452,158 30,000   Springing
Property 2.01 Residence Inn - Arundel Mills BWI Airport 90.4% 03/31/2017                
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate 86.6% 03/31/2017                
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport 90.8% 03/31/2017                
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport 88.2% 03/31/2017                
Loan 3.00 CHG Building 100.0% 09/06/2017   4,964     400,000 61,000   Springing
Loan 4.00 Grand Hyatt Seattle(30) 86.8% 07/31/2017   Springing       Springing   Springing
Loan 5.00 Renaissance Seattle(30) 85.0% 07/31/2017   178,608     95,000 116,000 280,000 28,000
Loan 6.00 Mall of Louisiana(30) 91.8% 06/30/2017   Springing   Springing   Springing   Springing
Loan 7.00 Colorado Center(30) 91.5% 07/01/2017     25,193,502     Springing   Springing
Loan 8.00 360 North Rodeo Drive 83.0% 05/01/2017   Springing     98,257 8,188 46,000 3,833
Loan 9.00 Parmer Office 3.2 100.0% 05/31/2017   2,396   15,974 603,568 75,446   Springing
Loan 10.00 Freeway Industrial Park 96.5% 08/01/2017   6,015 100,000 12,030 56,643 28,321 63,605 5,782
Loan 11.00 Integrated Health Campus(30) 84.9% 08/01/2017   6,254 560,428 37,525 362,431 90,608 73,896 7,390
Loan 12.00 Park Slope Court 100.0% 02/01/2017   1,425     8,153 1,631 37,425 3,402
Loan 13.00 The Landing 91.4% 02/28/2017   2,188   4,377 48,325 16,110   Springing
Loan 14.00 16027 Ventura Boulevard 88.4% 04/01/2017   1,874   On each monthly payment date through and including the payment date in September 2019, $14,054; On each monthly payment date through and including the payment date in September 2021, $28,109 169,015 28,169   Springing
Loan 15.00 2600 N. Ashton 100.0% 09/06/2017   2,427     172,000 23,000   Springing
Loan 16.00 Texarkana Pavilion 84.2% 07/30/2017   5,193 200,000 20,770 439,717 39,974   Springing
Loan 17.00 Kihei Kalama Village 92.1% 04/17/2017   866   3,625 19,000 6,000 98,000 9,900
Loan 18.00 Spring River Business Park(32) 97.7% 04/01/2017   4,121 500,000 Springing   14,400   5,589
Loan 19.00 Shops on Sage 100.0% 01/03/2017   566 300,000 Springing 70,000 29,600 15,000 1,500
Loan 20.00 Oaks Apartment Portfolio 96.5% 04/24/2017 1,430,000 8,794     134,000 28,400 7,000 7,100
Property 20.01 Oak Forest Apartments & Townhomes 95.9% 04/24/2017                
Property 20.02 Oakwood Villas & Townhomes 97.2% 04/24/2017                
Loan 21.00 Dunes Plaza 84.4% 04/30/2017   2,587   6,468 106,894 26,724   Springing
Loan 22.00 One Independence Way 100.0% 06/01/2017   2,375 5,727,784 Springing 40,000 20,000   Springing
Loan 23.00 592-594 Dean Street 90.6% 03/31/2017   384   2,083 44,940 14,980 8,978 2,993
Loan 24.00 Fairway Lane Apartments 97.0% 05/01/2017   3,908     11,000 16,000 5,000 2,000
Loan 25.00 Texan Pearl 100.0% 01/03/2017   2,113     75,000 31,800 25,000 3,100
Loan 26.00 CVS & Walgreens Portfolio(31) 100.0% 09/06/2017   215       Springing   Springing
Property 26.01 Walgreen’s Rochester, MI 100.0% 09/06/2017                
Property 26.02 CVS Coon Rapids MN 100.0% 09/06/2017                
Property 26.03 Walgreen’s Norton, MA 100.0% 09/06/2017                
Loan 27.00 Oak Manor Villas 92.9% 05/01/2017   2,333     100,000 22,145 39,260 6,543
Loan 28.00 Amsdell All Star Self Storage 81.2% 03/16/2017   1,029     150,971 15,097   Springing
Loan 29.00 Hampton Inn Daytona Beach(32) 77.5% 03/31/2017   The borrower is required to deposit an amount equal to the greatest of (i)(x) with respect to each monthly payment date through and including the monthly payment date in July 2018, 2.0% of the rents for the property for the prior month, (y) with respect to each monthly payment date occuring in August 2018 through and including the monthly payment date occuring in July 2020, 3.0% of the rents for the prior months rents and (z) 4.0%, thereafter, (ii) the then-current amount required by the management agreement and (ii) the then-current amount required by the franchise agreement.     49,827 6,228   Springing
Loan 30.00 1530 Meridian 96.5% 06/21/2017   866 75,000 5,198 46,500 12,250 2,500 1,500
Loan 31.00 Fresenius Northeast Portfolio 100.0% 09/06/2017 27,069 Springing     5,000 16,000   800
Property 31.01 Fresenius Springfield 100.0% 09/06/2017                
Property 31.02 Fresenius Cleveland 100.0% 09/06/2017                
Property 31.03 Fresenius Scranton 100.0% 09/06/2017                
Loan 32.00 Towne Center Shoppes 96.2% 06/01/2017   2,906 700,000 2,691 80,376 16,075 13,800 4,600
Loan 33.00 Rampart Village Center 84.2% 06/23/2017   1,215   9,721 23,158 11,579 60,164 5,014
Loan 34.00 Fresenius Southern Portfolio 100.0% 09/06/2017 28,045 467 354,823   30,000 4,200 3,400 1,200
Property 34.01 Fresenius Pasadena 100.0% 09/06/2017                
Property 34.02 Fresenius Bolivar 100.0% 09/06/2017                
Property 34.03 Fresenius Deer Park 100.0% 09/06/2017                
Loan 35.00 Packard Place 77.2% 05/01/2017 96,000 1,556 125,000 7,014 68,736 6,874 13,425 2,237
Loan 36.00 Courtyard West Des Moines(32) 62.5% 05/31/2017   1/12 of 2.0% of annual gross income from operations for the Payment Dates occuring in September 2017 through August 2018; 1/12 of 3.0% of annual gross income from operations for the Payment Dates occuring in September 2018 through August 2019; thereafter 1/12 of 4.0% of annual gross income from operations.     108,566 18,094 23,337 2,334
Loan 37.00 Bedford Park Shoppes 100.0% 12/31/2016   599   4,167 257,516 43,647   Springing
Loan 38.00 Tyler Mall Mini Storage 93.4% 06/30/2017   1,135     26,395 3,771 6,061 551
Loan 39.00 Central Corporate Office 88.4% 06/01/2017   607 200,000 Springing 49,242 7,035 3,926 785
Loan 40.00 Lexington Hotel Miami Beach 78.7% 04/30/2017   Springing     65,000 16,700   Springing
Loan 41.00 Fresenius & DaVita CA Portfolio 100.0% 09/06/2017 20,250 Springing     18,500 5,500 3,000 525
Property 41.01 Fresenius Roseville 100.0% 09/06/2017                
Property 41.02 DaVita Ceres 100.0% 09/06/2017                
Loan 42.00 West Palm Small Bay Portfolio 99.2% 03/28/2017   1,595   3,988 81,043 9,005 4,224 4,224
Property 42.01 6677 42nd Terrace N 100.0% 03/28/2017                
Property 42.02 4574 Dyer Boulevard 100.0% 03/28/2017                
Property 42.03 4249, 4255 & 4261 Westroads Drive 97.1% 03/28/2017                

 

 A-1-7

 

 

COMM 2017_COR2

 

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

                     
      Upfront     Other Environmental      
      Engineering   Other Reserves Report Engineering Loan  
Property Flag ID Property Name Reserve($)(25)   Reserves ($)(25)(26)(29) Description Date Report Date Purpose Sponsor
Loan 1.00 101 Ludlow         10/18/2016 09/29/2016 Refinance Charles Blaichman; Richard Born; Scott Sabbagh
Loan 2.00 AHIP Northeast Portfolio II   1,975,474   PIP Reserve (Upfront: 1,975,474)     Acquisition American Hotel Income Properties REIT Inc.
Property 2.01 Residence Inn - Arundel Mills BWI Airport         05/10/2017 05/11/2017    
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate         05/16/2017 05/16/2017    
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport         05/10/2017 05/10/2017    
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport         05/10/2017 05/10/2017    
Loan 3.00 CHG Building   4,513,101   Project Expense Reserve (Upfront: 304,693); Free Rent Reserve (Upfront: 3,135,881); Special Rollover Reserve (Upfront: 1,072,526) 05/08/2017 04/13/2017 Refinance Gardner Property Holdings, L.C.
Loan 4.00 Grand Hyatt Seattle(30)         03/15/2017 03/15/2017 Refinance Hedreen Holdings LLC
Loan 5.00 Renaissance Seattle(30)   2,866,271   PIP Reserve (Upfront: 2,866,271) 03/16/2017 03/16/2017 Refinance Hedreen Holdings LLC
Loan 6.00 Mall of Louisiana(30)         07/24/2017 07/20/2017 Recapitalization GGP Real Estate Holding I, Inc.
Loan 7.00 Colorado Center(30)   20,761,186   Gap Rent and Free Rent Obligation Reserve (Upfront: $20,761,186) 07/18/2017 07/18/2017 Recapitalization Boston Properties Limited Partnership; Teachers Insurance and Annuity Association of America
Loan 8.00 360 North Rodeo Drive     Springing Special Rollover Reserve (Springing Monthly: Excess Cash Flow) 03/09/2017 03/09/2017 Refinance Efrem Harkham
Loan 9.00 Parmer Office 3.2 8,250 693,634   Free Rent Reserve (Upfront: $693,634) 06/30/2017 06/29/2017 Acquisition Kawa Capital Partners LLC
Loan 10.00 Freeway Industrial Park 32,150       03/27/2017 03/27/2017 Refinance John R. Saunders
Loan 11.00 Integrated Health Campus(30)     Springing Lease Sweep Reserve (Monthly: Springing) 07/28/2017 07/27/2017 Refinance Thomas D. Meade; James N. Gentile; Clay W. Hamlin, III
Loan 12.00 Park Slope Court         02/21/2017 02/21/2017 Refinance Domenick Tonacchio
Loan 13.00 The Landing   128,531 Springing Free Rent Reserve (Upfront: 128,531); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) 04/06/2017 04/06/2017 Refinance Kevin Pitts; Peter Snowden
Loan 14.00 16027 Ventura Boulevard   459,130   Unfunded Obligations Reserve (Upfront: $459,130) 05/09/2017 05/08/2017 Refinance David Y. Lee
Loan 15.00 2600 N. Ashton   167,684 Special Rollover Reserve: Springing; Ground Lease Reserve: 27,500 Ground Rent Reserve (Upfront: $27,500); Free Rent Reserve (Upfront: $140,184); Special Rollover Reserve (Monthly Springing: Excess Cash Flow) 04/26/2017 04/24/2017 Refinance Kem C. Gardner Family, L.C.; The Boyer Company, L.C.
Loan 16.00 Texarkana Pavilion 30,725   Springing Lease Sweep Reserve (Monthly: Springing) 05/04/2017 05/04/2017 Refinance Michel Kucinski
Loan 17.00 Kihei Kalama Village 26,203 5,850 Springing Rent Abatement Reserve (Upfront: 5,850); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) 09/23/2016 09/22/2016 Refinance Stephen B. Metter
Loan 18.00 Spring River Business Park(32) 13,625   Springing Special Rollover Reserve (Springing Monthly: Excess Cash Flow) 10/19/2016 12/01/2016 Acquisition D. Talmage Hocker
Loan 19.00 Shops on Sage 350       01/10/2017 12/30/2016 Refinance Sanford P. Aron
Loan 20.00 Oaks Apartment Portfolio             Acquisition Shawn Stafford
Property 20.01 Oak Forest Apartments & Townhomes         03/14/2017 03/14/2017    
Property 20.02 Oakwood Villas & Townhomes         03/14/2017 03/14/2017    
Loan 21.00 Dunes Plaza   594,225 Springing Five Below Holdback Reserve (Upfront: 594,225); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 05/30/2017 05/26/2017 Refinance Chris G. Sotos; Jason P.C. Smith
Loan 22.00 One Independence Way 2,625 2,131,350 Springing Free Rent Reserve (Upfront: $2,131,350); Special Rollover Reserve (Sprigning Monthly: Excess Cash Flow) 06/19/2017 06/16/2017 Refinance NJ Portfolio JV LLC
Loan 23.00 592-594 Dean Street   450,000 Springing Retail Space Holdback (Upfront: 450,000); Lease Sweep Reserve (Monthly: Springing) 05/23/2017 05/22/2017 Refinance Serabjit Singh Malhotra
Loan 24.00 Fairway Lane Apartments 400,000       10/13/2016 10/14/2016 Refinance Jack T. Chamberlain
Loan 25.00 Texan Pearl 40,180       11/16/2016 02/16/2017 Refinance Edward M. Ely
Loan 26.00 CVS & Walgreens Portfolio(31)   40,000 Springing Additional Walgreens Reserve (Upfront: $40,000); Special Rollover Reserve (Springing Monthly: Excess Cash Flow)     Refinance Roger Zlotoff
Property 26.01 Walgreen’s Rochester, MI         04/07/2017 03/08/2017    
Property 26.02 CVS Coon Rapids MN         03/29/2017 03/08/2017    
Property 26.03 Walgreen’s Norton, MA         03/17/2017 03/08/2017    
Loan 27.00 Oak Manor Villas         01/12/2017 01/11/2017 Refinance Jeff H. Farmer III; Fredrick W. Van Nest
Loan 28.00 Amsdell All Star Self Storage   300,000   Property Costs Holdback Reserve (Upfront: $300,000) 03/17/2017 03/15/2017 Acquisition Robert J. Amsdell; Barry L. Amsdell
Loan 29.00 Hampton Inn Daytona Beach(32)   1,380,000   PIP Reserve (Upfront: 1,380,000) 05/15/2017 05/15/2017 Acquisition Driftwood Acquisition & Development L.P.
Loan 30.00 1530 Meridian   1,129,707 Springing Budgeted Work Reserve (Upfront: 550,499); ASL Occupancy Holdback (Upfront: 500,000); Debt Service Reserve (Upfront: 79,208); Special Rollover Reserve (Monthly Springing: Excess Cash Flow) 10/20/2016 12/14/2016 Refinance Chris Prohaska; Kirk McKinney; Leonard A. Rifkind; Sardool S. Samra; Walter Gil
Loan 31.00 Fresenius Northeast Portfolio     Springing Special Rollover Reserve (Springing Monthly: Excess Cash Flow)     Acquisition Louis J. Rogers
Property 31.01 Fresenius Springfield         04/07/2017 03/21/2017    
Property 31.02 Fresenius Cleveland         04/07/2017 03/08/2017    
Property 31.03 Fresenius Scranton         04/07/2017 03/08/2017    
Loan 32.00 Towne Center Shoppes 27,813 250,000 Springing Special Rollover Reserve (Springing Monthly: Excess Cash Flow); Delmonico’s Reserve (Upfront: $250,000) 02/09/2017 01/30/2017 Acquisition David A. Corsetti
Loan 33.00 Rampart Village Center   1,606,513   Roof Reserve (Upfront: $1,072,500); Economic Holdback Reserve (Upfront: $500,000); Unfunded Obligations (Upfront: $34,013) 06/23/2017 06/23/2017 Refinance Sheila M. Venezia
Loan 34.00 Fresenius Southern Portfolio 52,500 351,714 Springing Management Fee Reserve (Upfront: 351,714); Special Rollover Reserve (Springing Monthly: Excess Cash Flow)     Acquisition Louis J. Rogers
Property 34.01 Fresenius Pasadena         04/12/2017 04/12/2017    
Property 34.02 Fresenius Bolivar         04/12/2017 04/12/2017    
Property 34.03 Fresenius Deer Park         04/12/2017 04/12/2017    
Loan 35.00 Packard Place   400,000   Economic Holdback Reserve ($400,000) 04/30/2017 04/13/2017 Refinance Daniel J. Roselli; Sara G. Roselli
Loan 36.00 Courtyard West Des Moines(32)   160,000   PIP Reserve (Upfront: $160,000) 06/06/2017 06/06/2017 Acquisition Vamsikrishna Bonthala; Sheenal Patel
Loan 37.00 Bedford Park Shoppes   38,177 Springing Jimmy John’s Rent Reserve (Upfront: 25,000); Bedford Dental Rent Reserve (Upfront: 13,177); TIF Reserve (One-time: Springing); Lease Sweep Funds (Monthly: Springing) 03/23/2017 03/17/2017 Refinance Francis Greenburger
Loan 38.00 Tyler Mall Mini Storage 31,875       06/19/2017 08/02/2017 Refinance Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust
Loan 39.00 Central Corporate Office 79,473 317,895   Designated Replacement Reserve ($215,700); Free Rent Reserve ($54,387); Unfunded Obligations Reserve ($47,808) 06/19/2017 06/20/2017 Refinance Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust
Loan 40.00 Lexington Hotel Miami Beach 46,800 950,000   PIP Reserve (Upfront: 950,000) 03/31/2017 03/30/2017 Refinance Charles Neiss
Loan 41.00 Fresenius & DaVita CA Portfolio   261,664 Springing Management Fee Reserve (Upfront: 261,664)     Acquisition Louis J. Rogers
Property 41.01 Fresenius Roseville         05/30/2017 05/31/2017    
Property 41.02 DaVita Ceres         05/25/2017 05/31/2017    
Loan 42.00 West Palm Small Bay Portfolio 11,400       06/06/2017 05/16/2017 Acquisition James Wilson; Richard Zantzinger
Property 42.01 6677 42nd Terrace N         06/06/2017 05/16/2017    
Property 42.02 4574 Dyer Boulevard         06/06/2017 05/16/2017    
Property 42.03 4249, 4255 & 4261 Westroads Drive         06/06/2017 05/16/2017    

 

 A-1-8

 

 

COMM 2017_COR2

 

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

                     
                     
                Existing   Future Debt
                Additional Sub Debt   Permitted
Property Flag ID Property Name Guarantor Previous Securitization Non-Trust Pari Passu Original Balance Non-Trust Pari Passu Cut-off Date Balance Non-Trust Pari Passu Balloon Balance Amount Existing Additional Sub Debt Description Type
Loan 1.00 101 Ludlow Charles Blaichman, Richard Born, Scott Sabbagh GSMS 2012-GCJ7           NAP
Loan 2.00 AHIP Northeast Portfolio II American Hotel Income Properties REIT Inc.             NAP
Property 2.01 Residence Inn - Arundel Mills BWI Airport                
Property 2.02 Residence Inn - Mount Laurel at Bishop’s Gate                
Property 2.03 Homewood Suites - Allentown-Bethlehem Airport                
Property 2.04 TownePlace Suites - Arundel Mills BWI Airport                
Loan 3.00 CHG Building Gardner Property Holdings, L.C.             NAP
Loan 4.00 Grand Hyatt Seattle(30) Hedreen Holdings LLC   83,000,000 83,000,000 83,000,000     NAP
Loan 5.00 Renaissance Seattle(30) Hedreen Holdings LLC   77,000,000 77,000,000 77,000,000     NAP
Loan 6.00 Mall of Louisiana(30) GGP Real Estate Holding I, Inc. MLMT 2006-C1 275,000,000 275,000,000 237,762,537     NAP
Loan 7.00 Colorado Center(30) NAP   258,000,000 258,000,000 258,000,000 252,000,000 B-Note NAP
Loan 8.00 360 North Rodeo Drive Efrem Harkham             NAP
Loan 9.00 Parmer Office 3.2 Kawa Capital Partners LLC             NAP
Loan 10.00 Freeway Industrial Park John R. Saunders             NAP
Loan 11.00 Integrated Health Campus(30) Thomas D. Meade; James N. Gentile; Clay W. Hamlin, III WBCMT 2007-C34 22,000,000 22,000,000 19,183,283     NAP
Loan 12.00 Park Slope Court Domenick Tonacchio             NAP
Loan 13.00 The Landing Kevin Pitts; Peter Snowden CGCMT 2007-C6           NAP
Loan 14.00 16027 Ventura Boulevard David Y. Lee             NAP
Loan 15.00 2600 N. Ashton Kem C. Gardner Family, L.C., The Boyer Company, L.C.             NAP
Loan 16.00 Texarkana Pavilion Michel Kucinski CD 2007-CD4           NAP
Loan 17.00 Kihei Kalama Village Stephen B. Metter GCCFC 2007-GG9           NAP
Loan 18.00 Spring River Business Park(32) D. Talmage Hocker             Mezzanine
Loan 19.00 Shops on Sage Sanford P. Aron GSMS 2007-GG10           NAP
Loan 20.00 Oaks Apartment Portfolio Shawn Stafford             NAP
Property 20.01 Oak Forest Apartments & Townhomes   JPMCC 2007-LD12            
Property 20.02 Oakwood Villas & Townhomes   JPMCC 2007-LD12            
Loan 21.00 Dunes Plaza Chris G. Sotos; Jason P.C. Smith             NAP
Loan 22.00 One Independence Way NJ Portfolio JV LLC             NAP
Loan 23.00 592-594 Dean Street Serabjit Singh Malhotra             NAP
Loan 24.00 Fairway Lane Apartments Jack T. Chamberlain WBCMT 2006-C28           NAP
Loan 25.00 Texan Pearl Edward M. Ely             NAP
Loan 26.00 CVS & Walgreens Portfolio(31) Roger Zlotoff         1,800,000 Mezzanine Debt NAP
Property 26.01 Walgreen’s Rochester, MI   COMM 2007-C9            
Property 26.02 CVS Coon Rapids MN   COMM 2007-C9            
Property 26.03 Walgreen’s Norton, MA   COMM 2007-C9            
Loan 27.00 Oak Manor Villas Jeff H. Farmer III, Fredrick W. Van Nest             NAP
Loan 28.00 Amsdell All Star Self Storage Robert J. Amsdell; Barry L. Amsdell             NAP
Loan 29.00 Hampton Inn Daytona Beach(32) Driftwood Acquisition & Development L.P.             Mezzanine
Loan 30.00 1530 Meridian Chris Prohaska; Kirk McKinney; Leonard A. Rifkind; Sardool S. Samra; Walter Gil             NAP
Loan 31.00 Fresenius Northeast Portfolio Louis J. Rogers             NAP
Property 31.01 Fresenius Springfield                
Property 31.02 Fresenius Cleveland                
Property 31.03 Fresenius Scranton                
Loan 32.00 Towne Center Shoppes David A. Corsetti GSMS 2006-GG8           NAP
Loan 33.00 Rampart Village Center Sheila M. Venezia MSC 2007-IQ           NAP
Loan 34.00 Fresenius Southern Portfolio Louis J. Rogers             NAP
Property 34.01 Fresenius Pasadena                
Property 34.02 Fresenius Bolivar                
Property 34.03 Fresenius Deer Park                
Loan 35.00 Packard Place Daniel J. Roselli; Sara G. Roselli             NAP
Loan 36.00 Courtyard West Des Moines(32) Vamsikrishna Bonthala; Sheenal Patel             Mezzanine
Loan 37.00 Bedford Park Shoppes Francis Greenburger JPMCC 2007-LD11           NAP
Loan 38.00 Tyler Mall Mini Storage Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust             NAP
Loan 39.00 Central Corporate Office Douglas G. Jacobs; the Amended and Restated Jacobs Family Revocable Trust             NAP
Loan 40.00 Lexington Hotel Miami Beach Charles Neiss CGCMT 2007-C6           NAP
Loan 41.00 Fresenius & DaVita CA Portfolio Louis J. Rogers             NAP
Property 41.01 Fresenius Roseville                
Property 41.02 DaVita Ceres                
Loan 42.00 West Palm Small Bay Portfolio James Wilson; Richard Zantzinger             NAP
Property 42.01 6677 42nd Terrace N                
Property 42.02 4574 Dyer Boulevard                
Property 42.03 4249, 4255 & 4261 Westroads Drive                

 

 A-1-9

 

 

COMM 2017-COR2

 

FOOTNOTES TO ANNEX A-1 

 

(1) JLC—Jefferies LoanCore, LLC or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; CREFI— Citi Real Estate Funding Inc. or one of its affiliates

 

(2) Loan No.   Mortgage
Loan
Note(s)   Original Balance
($)
  Cut-off Date
Balance ($)
  Holder of Note   Control
  4  

Grand Hyatt 

Seattle 

A-1   $50,000,000   $50,000,000   COMM 2017-COR2   Yes
A-2, A-3   $83,000,000   $83,000,000   JLC   No
  5  

Renaissance 

Seattle 

A-1   $50,000,000   $50,000,000   COMM 2017-COR2   Yes
A-2, A-3   $77,000,000   $77,000,000   JLC   No
  6  

Mall of 

Louisiana 

A-1, A-2   $109,000,000   $109,000,000   BANA   Yes(1)
A-3-1, A-5-2   $47,000,000   $47,000,000   CGCMT 2017-P8   No
A-3-2   $28,000,000   $28,000,000   CREFI   No
A-4 $50,000,000 $50,000,000 COMM 2017-COR2   No
A-5-1, A-6, A-7   $91,000,000   $91,000,000   Barclays   No
  7  

Colorado 

Center

A-1-S, A-2-S, A-3-S   $98,000,000   $98,000,000   BXP Trust 2017-CC   Yes(2)
A-2-C1, A-2-C2-1   $40,000,000   $40,000,000   COMM 2017-COR2   No
A-2-C2-2   $20,000,000   $20,000,000   DBNY   No
A-1-C1, A-1-C2   $80,000,000   $80,000,000   Morgan Stanley Bank, NA   No
A-3-C1, A-3-C2   $60,000,000   $60,000,000   Wells Fargo Bank   No
B-1-S , B-2-S, B-3-S   $252,000,000   $252,000,000   BXP Trust 2017-CC   No
  11  

Integrated 

Health 

Campus 

A-1   $31,000,000       COMM 2017-COR2   Yes
A-2   $22,000,000       DBNY   No

(1)Note A-1 is the controlling note.
   
(2)Note A-1-S is the controlling note.

 

(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. 8 – 360 North Rodeo Drive – The 360 North Rodeo Drive Net Rentable Area (SF/Units/Rooms/Beds) consists of (i) 6,775 sq. ft. of retail space and (ii) 84 hotel rooms. The 360 North Rodeo Drive Property’s total net rentable area is equal to 24,899 sq. ft. Based on the 360 North Rodeo Drive Property’s net rentable area, the Cut-off Date Balance / Sq. Ft. and Balloon Balance / Sq. Ft. are equal to $1,526. Historical Occupancy is based on the weighted average occupancy of the net rentable area of the following components: (i) the 6,775 sq. ft. of retail space and (ii) the 84 hotel rooms comprising 18,124 sq. ft. Most Recent Occupancy is based on the weighted average occupancy of the following components: (i) the 6,775 sq. ft. of retail space that was 100.0% occupied and (ii) the 84 hotel rooms comprising 18,124 sq. ft. of net rentable area, that were 76.6% occupied as of the trailing 12-month period ending April  30, 2017.
   
  Loan No. 18 – Spring River Business Park – The Spring River Business Park Net Rentable Area (SF) consists of approximately (i) 135,423 sq. ft. of office space, (ii) 38,665 sq. ft. of office/flex space and (iii) 23,716 sq. ft. of flex/warehouse space. The Spring River Business Park’s total net rentable area is equal to 197,804 sq. ft. Based on the Spring River Business Park’s net rentable area, the Cut-off Date Balance / Sq. Ft. and Balloon Balance / Sq. Ft. are equal to $79.37. Historical Occupancy is based on the weighted average occupancy of the net rentable area of the following components: (i) 135,423 sq. ft. of office space, (ii) 38,665 sq. ft. of office/flex space and (iii) 23,716 sq. ft. of flex/warehouse space. Most Recent Occupancy is based on the weighted average occupancy of the following components: (i) 135,423 sq. ft. of office space that was 96.7% occupied, (ii) 38,665 sq. ft. of office/flex space that was 100.0% occupied and (iii) 23,716 sq. ft. of flex/warehouse space that was 100.0% occupied, each, respectively, as of the trailing 12-month period ending April  1, 2017.

 

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(5) 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 or any sub-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 Mall of Louisiana Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the Colorado Center Loan will be 0.00125%.

 

(6) 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 is 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) without regard to leap year adjustments.

 

(7) “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 required to be 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 is required to 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 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. 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.  

 

(8) “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).  

 

(9) Loan No. 4 – Grand Hyatt Seattle – 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/Beds) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 5 – Renaissance Seattle – 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/Beds) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 6 – Mall of Louisiana – 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/Beds) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 7 – Colorado Center – 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/Beds) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the subordinate companion loans.
   
  Loan No. 11 – Integrated Health Campus – 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/Beds) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate.

 

 A-1-11

 

 

(10) Loan No. 7 – Colorado Center – 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/Beds) ($) calculations exclude the subordinate companion loans subordinate secured debt.
   
(11) 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 preliminary prospectus.
   
  Loan No. 6 – Mall of Louisiana – The Mall of Louisiana Mortgage Loan has a two-business day grace period for any monthly payment of principal or interest due, provided the two-business day grace period may only be used once during any twelve month period during the term of the Mortgage Loan.
   
(12) Loan No. 23 – 592-594 Dean Street – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield  and Underwritten NCF Debt Yield are calculated based on the Cut-off Balance net of a related holdback reserve in an amount equal to $450,000. The holdback reserve will be disbursed in accordance wiih the priorities set forth in the Loan Agreement on or before September 5, 2020, provided (i) no trigger period is continuing, (ii) the debt yield is equal to or greater than 7.5% and (iii) satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to (X) delivery of a certification from the borrower stating (a) the entire property is tenanted under one or more leases, (b) all contingencies under all such leases has been satisfied, (c) the rent commencement date has been set and all tenants have commenced paying full contractual rent, (d) all leasing commissions have been paid and all tenant improvements have been completed, (e) all leases are in full force and effect and (f) the rent payable, on a modified gross basis, is $40.00 per rentable square foot and (Y) delivery of an estoppel confirming each of the foregoing. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $14,250,000 are 66.6%, 7.7% and 7.4%, respectively.
   
  Loan No. 28 – Amsdell All Star Self Storage – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $300,000 property costs holdback reserve. The property costs holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, (i) no event of default exists and remains uncured, (ii) after giving effect to the requested disbursement, the debt yield is not less than 8.5% and (iii) on the date of disbursement, the ratio of the principal amount of the Mortgage Loan to the acquisition costs incurred is not greater than 72.0%. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $11,500,000 are 70.0%, 8.4% and 8.3%, respectively.
   
  Loan No. 30 – 1530 Meridian – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $500,000 occupancy holdback reserve. The occupancy holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, provided no event of default exists and remains uncured, at such time as the 1530 Meridian borrower delivers evidence reasonably satisfactory to the lender that (i) each of Abbott, Stringham & Lynch and CPI has taken possession of its premises, opened for business and commenced paying full, unabated rent under its lease, (ii) each of Abbott, Stringham & Lynch and CPI has made all payments of rent due and payable by such tenant through and including February 2017, and (iii) all certificates of occupancy, licenses, approvals and permits required of the 1530 Meridian borrower for the legal use, occupancy and operation of the entire Mortgaged Property have been obtained and are in full force and effect, any funds held in the occupancy holdback reserve will be disbursed to the 1530 Meridian borrower; provided, however, if a cash management period is then continuing, then no such funds will be disbursed to 1530 Meridian borrower, and all such funds will instead be deposited into the cash collateral subaccount. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $11,100,000 are 64.0%, 9.5% and 8.8%, respectively.
 
  Loan No. 33 – Rampart Village Center – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $500,000 holdback reserve. The holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, (i) no event of default exists and remains uncured, (ii) after giving effect to the requested disbursement, the debt yield (which is calculated based on the outstanding principal balance, net of the remaining holdback reserve funds) is not less than 8.75% and (iii) on the date of disbursement, debt service coverage ratio (which is calculated based on the outstanding principal balance, net of the remaining holdback reserve funds) is equal to or greater than 1.31x. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $8,789,791 are 72.9%, 8.8% and 8.0%, respectively.

 

 A-1-12

 

 

  Loan No. 35 – Packard Place – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $400,000 economic holdback reserve. The economic holdback reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include, but are not limited to, (i) no event of default exists and remains uncured and (ii) after giving effect to the requested disbursement, the debt yield (which is calculated based on the outstanding principal balance, net of the remaining holdback reserve funds) is equal to or greater than 9.50%. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $8,739,797 are 46.0%, 9.3% and 8.3%, respectively.
   
(13) Loan No. 2 – AHIP Northeast Portfolio II – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or  ARD and Appraised Value ($) are based on the aggregate “As Complete” appraised value of $102.6 million as of June 1, 2018 for all of the properties, except Homewood Suites - Allentown-Bethlehem Airport, which is as of June 1, 2019. The “As Complete” appraised value assumes the completion of the required PIP at each property. The estimated cost of each respective PIP, a total of $1,975,474, was reserved in full at loan origination. Based on the aggregate “As-Is” appraised value of $96.5 million, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 59.8% and 54.7%, respectively.
   
  Loan No. 9 – Parmer Office 3.2 – The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on, and the Appraised Value ($) reflects, the “As Stabilized” appraised value of $59.9 million as of June 15, 2018. The “As Stabilized” appraised value assumes that economic stabilization is achieved and that free rent associated with recently signed leases has burned off. At loan origination, $693,634 was reserved for free rent. Based on the “As-is” appraised value of $58.3 million as of June 15, 2017, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 65.0% and 59.3%, respectively.
   
  Loan No. 14 – 16027 Ventura Boulevard – The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on, and the Appraised Value ($) reflects, the “As Stabilized” appraised value of $38.0 million as of October 1, 2017. The “As Stabilized” appraised value assumes that economic stabilization is achieved, the Mortgaged Property’s current renovation is completed and all outstanding leasing costs associated with recent leases are paid off. At loan origination, $459,130 was reserved for free rent. Based on the “As-is” appraised value of $37.0 million as of May 3, 2017, the Cut-off Date LTV and Balloon LTV are each 67.6%.
   
  Loan No. 29 – Hampton Inn Daytona Beach  – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the “As Complete” appraised value of $16.5 million as of May 15, 2018. The “As Complete” appraised value assumes the completion of the required PIP at the property. The estimated cost of the PIP, a total of $1,380,000, was reserved in full at loan origination. Based on the “As-Is” appraised value of $15.2 million, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 72.9% and 59.4%, respectively.
   
(14) Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.

“L(x)” means lock-out for x payments.

“D(x)” means may be defeased for x payments.
 
“DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% 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 preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Partial Releases” in this preliminary prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger.  See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Protections and Certain Involuntary Prepayments--Voluntary Prepayments” in this preliminary prospectus.
   
(15) Loan No. 4 – Grand Hyatt Seattle – The lockout period will be at least 28 payment dates beginning with and including the first payment date of June 6, 2017. Defeasance of the full $133.0 million Grand Hyatt Seattle Whole Loan is permitted after 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) November 6, 2020. The assumed lockout period of 28 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer.
   
  Loan No. 5 – Renaissance Seattle – The lockout period will be at least 28 payment dates beginning with and including the first payment date of June 6, 2017. Defeasance of the full $127.0 million Renaissance Seattle Whole

 

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  Loan is permitted after 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) November 6, 2020. The assumed lockout period of 28 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer.
   
  Loan No. 6 – Mall of Louisiana - The lockout period will be at least 25 payment dates beginning with and including the first payment date of September 1, 2017. Defeasance of the entire $325.0 million Mall of Louisiana Whole Loan is permitted after 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) August 1, 2020. The assumed lockout period of 25 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer.
   
  Loan No. 7 – Colorado Center – The lockout period will be at least 25 payment dates beginning with and including the first payment date of September 9, 2017. Defeasance of the full $550.0 million Colorado Center Whole Loan is permitted after 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) July 28, 2020. The assumed lockout period of 25 payments is based on the expected COMM 2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer.
   
  Loan No. 11 – Integrated Health Campus – The lockout period will be at least 24 payment dates beginning with and including the first payment date of October 1, 2017. Defeasance of the full $53.0 million Integrated Health Campus Whole Loan is permitted after the date that is the earlier to occur of (i) August 11, 2020 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected COMM  2017-COR2 securitization closing date in September 2017. The actual lockout period may be longer.
   
(16) 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 preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Partial  Releases” in this preliminary prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger.  See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Protections and Certain Involuntary Prepayments—Voluntary Prepayments” in this preliminary prospectus.
   
(17) The following Mortgaged Property consists, in whole or in part, of the borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:

Loan No. 3 – CHG Building – The borrower sponsor developed the multi-level parking structure on a parcel adjacent to the parcel on which the three buildings comprising the CHG Building Property are located. Upon completion of the parking structure, the borrower sponsor transferred the parking structure to Redevelopment Agency of Midvale City (the “Agency”) pursuant to a 50-year ground lease with the Agency for a total rent of $1.00 for the term, which expires on April 30, 2066. Prior to origination, the borrower sponsor transferred its interest in the ground lease to the borrower. In return, the borrower subleased the parking structure from the Agency pursuant to a 35-year sublease for the use of the parking structure for parking at the CHG Building Property for a total rent of $1.00 for the term, which expires on April 30, 2051. The borrower’s sub-leasehold interest in the parking structure is encumbered by the mortgage and constitutes collateral for the CHG Building Loan. The borrower has a right to purchase the parking structure at any time and is obligated to purchase the parking structure no later than April 30, 2051. The repurchase obligation is guaranteed by KC Gardner Company, L.C., an affiliate of the borrower and the property manager. Due to the temporary leasehold structure and the borrower’s obligation to purchase the fee interest in the parking structure from the Agency, the borrower’s interest in the parking structure is treated as fee simple.
   
  Loan No. 13 – The Landing – The Mortgaged Property contains a parcel that is leased from the borrower to the Westlake Yacht Club.  The ground lease expires on June 30, 2073 (beyond the related Mortgage Loan maturity date).  The Westlake Yacht Club is required to pay its pro rata share (3.54%) of common charges at the Mortgaged Property.
   
  Loan No. 15 – 2600 N. Ashton – The Borrower ground leases the entire Mortgaged Property from Thanksgiving Point Development Company pursuant to a ground lease that commenced on November 1, 2016 and expires on December 31, 2066. Ground rent is $330,000 annually for the first five years of the ground lease term, subject to increases of 5% on each five year anniversary of the rent commencement date.
   
(18) Loan No. 11 – Integrated Health Campus – The Largest Tenant, Orthopedic Associates of Allentown, LTD. D/B/A - Orthopedic Specialists, representing approximately 38.8% of the net rentable area at the Mortgaged Property is an affiliate of the borrower.

 

 A-1-14

 

 

  Loan No. 30 – 1530 Meridian – The 2nd largest tenant at the Mortgaged Property, CPI, a real estate brokerage firm, is an affiliate of the borrower and leases approximately 15.2% of the net rentable area at the Mortgaged Property as office space.
   
(19) Loan No. 7 – Colorado Center – The 2nd Largest Tenant, Edmunds.com, currently leases approximately 195,594 sq. ft. of space pursuant to a lease expiring on January 31, 2028 and approximately 2,218 sq. ft. of space pursuant to a lease expiring on November 30, 2027.
   
(20) 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 the 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 such 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 Mortgaged 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 non contingent early termination options for those tenants listed in Annex A 1:
   
  Loan No. 7 – Colorado Center – The 4th Largest Tenant, Rubin Postaer, has the right to accelerate the expiration date of its lease from December 31, 2025 to December 31, 2020 upon written notice to the landlord by December 31, 2019 and delivery to the landlord of an “acceleration fee” in an amount equal to the fixed rent that, in the absence of such lease acceleration, the tenant would have been required to pay under the lease for the six month period immeditately following the accelerated expiration date.
   
  Loan No. 9 – Parmer Office 3.2 – The 3rd Largest Tenant, Trusource Labs, LLC, has a one-time right to terminate its lease effective between October 19, 2022 and October 19, 2023 if the contract between Trusource Labs, LLC and Nest Labs, Inc. is terminated, provided that Trusource Labs, LLC gives notice at least 12 months in advance.
   
  Loan No. 10 – Freeway Industrial Park – The Largest Tenant, County of Riverside, leasing approximately 7.2% of the NRA, has the right to terminate its leases for 6,428 sf and 4,799 sf effective at any time with at least 6 months’ prior written notice and its lease for 23,477 sf of industrial space with at least 60 days’ prior written notice.
   
  Loan No. 12 – Park Slope Court – The sole retail tenant, Premier Pediatrics, leasing approximately 100% of the retail NRA (5,197 sf), has the right to terminate its lease effective at any time with at least 120 days’ prior written notice if the tenant is no longer actively engaged in the practice of medicine.
   
  Loan No. 14 – 16027 Ventura Boulevard – The 3rd Largest Tenant, Dunn & Pariser, CPA, has the right to terminate its lease effective on July 8, 2021, provided that Dunn & Pariser, CPA gives at least 270 days’ written notice and delivers payment of all unamortized tenant improvements, leasing commissions, and free rent.
   
  Loan No. 18 – Spring River Business Park – The Largest Tenant, Assured Neace Lukens Insurance Agency, Inc., leasing approximately 22.5% of the NRA, has the right to terminate its lease effective April 30, 2021, with at least 9 months’ prior written notice and payment of a termination fee equal to the sum of (i) three months’ rent and (ii) the cost of any unamortized tenant improvements and leasing commissions.  In addition, the 2nd Largest Tenant, Munson Business Interiors, Inc. leasing approximately 11.3% of the net rentable area, has the right to terminate its lease at any time with at least 120 days’ prior written notice and payment of a termination fee equal to $2,000.
   
  Loan No. 22 – One Independence Way – The Largest Tenant, S&P, leasing approximately 65.7% of the NRA, has the right to terminate its lease with respect to one of the following spaces: (i) a portion of the premises located on the south and north wing of the 1st floor of the Mortgaged Property containing not less than 13,000 sq. ft. and not more than 25,952 sq. ft., or (ii) 19,502 sq. ft. of the premises on the 3rd floor of the building effective on April 1, 2025 upon written notice to landlord on September 31, 2024. Such termination/contraction option is subject to a termination fee equal to unamortized leasing costs.  Additionally, the 2nd Largest Tenant, ALK, leasing approximately 34.3% of the NRA, has the right to terminate its lease with respect to the 3rd Floor premises at the Mortgaged Property effective December 31, 2022 by delivering 270 days’ prior written notice to landlord and payment of a termination fee equal to the sum of (i) 6 months of the average monthly basic rent for the remainder of the term, plus (ii) the unamortized portion of all concessions and upfront costs of leasing the premises, using an interest factor of 4%.
   
  Loan No. 23 – 592-594 Dean Street – The 2nd Largest Tenant, United States Postal Service (“USPS”), leasing approximately 29.4% of the NRA, has the right to terminate its lease at any time after the February 27, 2020 with 180 days’ prior written notice to the landlord. If USPS chooses to terminate its lease during the initial term of the

 

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  lease, provided that the landlord is not in default, USPS will pay to the landlord a termination penalty equal to the unamortized brokerage commission (approximately $157,977.01). Such termination penalty does not apply to terminations during renewal option periods.
   
  Loan No. 26 – CVS & Walgreens Portfolio – The sole tenant, Walgreen’s, leasing 100% of the NRA at the Walgreen’s Rochester, MI Mortgaged Property, has the right to terminate its lease effective as of August 31, 2031 or effective as of the last day of any month thereafter. Should Walgreen’s elect to exercise any such option, Walgreen’s will send 12 months’ prior written notice to the landlord.  Next, the sole tenant, Walgreen’s, leasing 100% of the NRA at the Walgreen’s Norton, MA Mortgaged Property, has the right to terminate its lease effective as of September 31, 2031 or effective as of September 31 every fifth year thereafter.  Should Walgreen’s elect to exercise any such option, Walgreen’s, Inc. will send at least 6 months’ prior written notice to the landlord.  Lastly, the sole tenant, CVS, leasing 100% of the NRA at the CVS Coon Rapids, MN Mortgaged Property, has the right to terminate its lease if the landlord acquires land adjacent to the Mortgaged Property or at the same intersection and competes with CVS through its primary use, CVS may terminate its lease provided that the exclusive use provision violation is not cured within 60 days after written notice to the landlord.
   
  Loan No. 33 – Rampart Village Center – The 3rd Largest Tenant, Tiger Rock Martial Arts, has the right to terminate its lease if Gold’s Gym International vacates the Mortgaged Property and a replacement tenant is not found within 12 months.
   
  Loan No. 35 – Packard Place – The 5th Largest Tenant, GSA, has the right to terminate its lease at any time by providing not less than 90 days’ written notice.
   
  Loan No. 39 – Central Corporate Office – The Largest Tenant, First American Title, has the right to terminate its lease commencing on January 31, 2018 with at least 9 months’ written notice.
   
(21) The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:

Loan No. 11 – Integrated Health Campus – The Largest Tenant, Orthopedic Associates of Allentown, LTD. D/B/A - Orthopedic Specialists, representing approximately 38.8% of the net rentable area, subleases approximately 53,000 square feet of its 116,617 square feet leased premises to Steel Fitness Premier, a local gym. The sublease expires on June 30, 2018.  The tenant remains obligated to pay full rent on its entire space (including the portion subject to the sublease) through its lease expiration date on June 30, 2026.
   
(22) The following major tenants shown on Annex A-1 have abated, free or prepaid rent:

Loan No. 3 – CHG Building – At origination, the borrower deposited $3,135,881 into a free rent reserve account for outstanding rent abatements with respect to the CHG Healthcare Services, Inc. lease, the Largest Tenant.
   
  Loan No. 7 – Colorado Center – The Largest Tenant, HULU has $1,073,813 of free rent through May 31, 2018, the 2nd Largest Tenant, Edmunds.com, that has free rent of $5,983,082 through December 31, 2018, and the 3rd Largest Tenant, Kite Pharma, Inc., that has signed a lease and taken possession of its leased space but has a 12-month abated rent of $12,790,705 from August 2017 through July 2018 for all of its space as well as 12 additional months on a smaller space. At origination, the borrower deposited $20,761,186 into a free rent reserve account.
   
  Loan No. 9 – Parmer Office 3.2 – At origination, the borrower deposited $693,634 of free rent, consisting of $288,925 for the 3rd Largest Tenant, Trusource Labs, LLC, to be disbursed through October 2017, $207,216 for the 2nd Largest Tenant, Blue Apron, Inc., to be disbursed through August 2017, and $197,493 for NSTX, Inc. to be disbursed through November 2017.
   
  Loan No. 13 – The Landing - At origination, the borrower deposited $128,531 into a rent abatement reserve for outstanding rent abatements with respect to the Zin Bistro Americana (Sabzin Inc.) lease, the 2nd Largest Tenant.
   
  Loan No. 14 – 16027 Ventura Boulevard – The Largest Tenant, Life Alert Emergency Response, Inc., has a 50.0% rent abatement for the months of August 2017 through May 2018 totaling $411,759 and the 3rd Largest Tenant, Dunn & Pariser, CPA, is currently in a free rent period ending September 9, 2017. At origination, the borrower deposited $459,130 for free rent. The initial deposit of $459,130 (Life Alert Emergency Response, Inc.: $411,759; Liberty West: $16,699; Malka Sedeghan: $11,552; Linda S. Dawson: $9,824; BRC Advisors: $4,944 and D & O Eco Services, Inc.: $4,351) will be used to cover free rent owed to tenants and disbursed periodically until January 2019.
   
  Loan No. 15 – 2600 N. Ashton – At origination, the borrower deposited $140,184 into a rent abatement reserve for outstanding rent abatements with respect to the Solutionreach, Inc. lease, the Largest Tenant.

 

 A-1-16

 

 

  Loan No. 22 – One Independence Way – At origination, the borrower deposited $2,131,350 into a rent abatement reserve for outstanding rent abatements with respect to the S&P Global, Inc. lease, the Largest Tenant, and with respect to the ALK, the 2nd Largest Tenant.
   
  Loan No. 39 – Central Corporate Office – The 3rd Largest Tenant, AltaPacific Bank, has a 50.0% monthly rent abatement through October 2017. At origination, the borrower deposited with the lender $15,512.57 for outstanding free rent in respect of that tenant.
   
(23) The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization.
   
  Loan No. 6 – Mall of Louisiana – The 3rd Largest Tenant, Main Event, recently signed a lease for 46,900 square feet and is expected to take possession of their space and commence paying rent in August 2018.
   
  Loan No. 7 – Colorado Center – The 2nd Largest Tenant, Edmunds.com, has abated rent for the month of December in 2017 and 2018. The 3rd Largest Tenant, Kite Pharma, Inc. has signed a lease and taken possession of its leased space, but is not yet in occupancy and has a 12-month abated rent from August 2017 through July 2018 for all of its space, as well as 12 additional months on a smaller space. At origination, the borrower deposited $20,761,186 for free rent allowances related to its leases.
   
  Loan No. 21 – Dunes Plaza – Five Below, a tenant that accounts for 5.9% of NRA, signed a lease for 9,087 sq. ft., but is not yet in occupancy. If the borrower fails to deliver the leased space by October 2, 2017, Five Below will have the right to terminate its lease. At origination, the borrower reserved $594,225 for related tenant improvements, leasing commissions and the remaining balance is required to be disbursed to the borrower at such time as Five Below is opened for business and commenced paying full, unabated rent.
   
  Loan No. 22 – One Independence Way - The largest tenant, S&P has executed a lease for approximately 5.19% of the net rentable area (5,920 sq. ft.) at the Mortgaged Property but is not yet in occupancy.  S&P is anticipated to take occupancy and commence paying rent by July 1, 2018.  The 2nd largest tenant, ALK, has executed a lease for approximately 8.57% of the net rentable area (9,775 sq. ft.) at the Mortgaged Property but is not yet in occupancy.  ALK is anticipated to take occupancy and commence paying rent by January 1, 2018.
   
  Loan No. 32 – Towne Center Shoppes – Delmonico’s Italian Steakhouse Restaurant (“Delmonico’s”), the 2nd Largest Tenant, has signed a lease for 5,090 sq. ft. but is not yet in occupancy (and $250,000 was reserved at loan origination to be released to the borrower at such time as Delmonico’s is open for business and paying full, unabated rent). If by February 2018, Delmonico’s has not: (a) taken occupancy of its leased space; (b) obtained a liquor license; or (c) been granted all necessary permits to operate the premises as a restaurant, Delmonico’s has the right to terminate the lease at any time thereafter.
   
(24) Loan No. 3 – CHG Building- Construction of the Mortgaged Property was completed in 2017. On April 8, 2017, the sole tenant, CHG Healthcare Services, Inc., commenced a 12-year modified gross lease with no termination options and two, five year extension options.
   
  Loan No. 9 – Parmer Office 3.2 – The Mortgaged Property was constructed in 2015 and was not fully occupied until 2017. The leases with NSTX, Inc. (49.0% of NRA), Blue Apron, Inc. (34.0% of NRA) and Trusource Labs, LLC (17.0% of NRA) l commenced on December 1, 2015, April 19, 2017 and May 10, 2017, respectively.
   
  Loan No. 15 – 2600 N. Ashton- Construction of the Mortgaged Property was completed in 2016. On November 1, 2016, the sole tenant, Solutionreach signed a 10.5 year lease with no termination options and two, five year extension options.
   
  Loan No. 22 – One Independence Way – The borrower purchased the Mortgaged Property in December 2012 and commenced a significant renovation project that is anticipated to be completed by the end of 2017.  The Property is 100% leased.
   
  Loan No. 23 – 592-594 Dean Street – The Mortgaged Property was gut renovated in 2015 and was not fully occupied until 2016. The leases with the Largest Tenant, Industrious (61.2% of NRA) and the 2nd Largest Tenant, the United States Postal Service (29.4% of NRA), commenced on March 1, 2016.
   
  Loan No. 30 –  1530 Meridian – The borrower purchased the Mortgaged Property in October 2015 and commenced a significant renovation project that was completed in August 2017.
   
  Loan No. 31 – Fresenius Northeast Portfolio – Construction of each Mortgaged Property was completed in 2017. The Properties are 100% leased and occupied under 15-year non-terminable triple net leases that have initial lease expirations ranging from December 31, 2031 to February 28, 2032.

 

 A-1-17

 

 

  Loan No. 34 – Fresenius Southern Portfolio – Construction of each Mortgaged Property was completed in 2016. The Properties are 100% leased and occupied under 15-year non-terminable triple net leases that have initial lease expirations ranging from April 30, 2031 to December 31, 2031.
   
  Loan No. 40 – StorQuest Manhattan & Fair Oaks – The Second Most Recent Operating Statements for StorQuest Fair Oaks represent the annualized 11-month period ending December 31, 2016. The 2016 full year financials were unavailable due to the change of property management.
   
  Loan No. 41 – Fresenius & DaVita CA Portfolio - Construction of each Mortgaged Property was completed in 2016 and 2017. The Properties are 100% leased and occupied under 15-year non-terminable triple net leases that have initial lease expirations ranging from February 28, 2031 to February 28, 2032.
   
(25) All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.
   
(26) 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.
   
(27) Loan No. 2 – AHIP Northeast Portfolio II – Beginning on the monhtly payment date in July 2019, the borrower is required to deposit into an FF&E reserve an amount equal to the greater of (i) 1/12 of 4.0% of the estimated annual rents and (ii) the then-current amount required by the franchise agreement for approved capital expenditures.
   
  Loan No. 14 – 16027 Ventura Boulevard – Commencing on the first payment date and continuing on each payment date up to and including the payment date in September 2019, the borrower must deposit an amount equal to $14,054 into the TI/LC reserve account. Beginning on the payment date in October 2019 and continuing on each payment date through the payment date in September 2021, the borrower must deposit an amount equal to $28,109 into the TI/LC reserve account.
   
  Loan No. 35 – Packard Place- The upfront replacement reserve deposit of $96,000 does not count towards the calculation of the replacement reserve cap.
   
  Loan No. 39 – Central Corporate Office – Commencing on the first payment date and continuing on each payment date thereafter, the borrower must deposit an amount equal to $607 in the replacement reserve account, provided, however, that upon such time as the amount in the replacement reserve account equals or exceeds $14,564, the borrower may cease making monthly deposits into the replacement reserve account. After reaching the replacement reserve cap, if the replacement reserve account balance drops below $14,564 at any time, the borrower must resume making monthly deposits into the replacement reserve account in an amount equal to $283.
   
(28) Loan No. 29 – Hampton Inn Daytona Beach - The borrower is required to deposit into an FF&E reserve for approved capital expenditures and FF&E work an amount equal to the greatest of (i)(x) with respect to each monthly payment date through and including the monthly payment date in July 2018, 2.0% of the rents for the Mortgaged Property for the prior month, (y) with respect to each monthly payment date occuring in August 2018, through and including the monthly payment date occuring in July 2020, 3.0% of the rents for the prior months rents and (z) 4.0%, thereafter, (ii) the then-current amount required by the management agreement and (ii) the then-current amount required by the franchise agreement.
   
  Loan No. 36 – Courtyard West Des Moines - The borrower is required to fund a monthly FF&E reserve in an amount equal to the greater of (a) the amount of the deposit required by franchisor on account of FF&E under the franchise agreement or (b) an amount equal to one-twelfth of (x) for the monthly payment date occurring in September 2017 and for each monthly payment date occurring thereafter until and including the monthly payment date occurring in August 2018, 2.0% of the gross income for the Mortgaged Property during the preceding calendar year, (y) for the monthly payment date occurring in September 2018 and for each monthly payment date occurring thereafter until and including the monthly payment date occurring in August 2019, 3.0% of the gross income for the Mortgaged Property during the preceding calendar year and (z) on each monthly payment date occurring in September 2019 and each monthly payment date occurring thereafter, 4.0% of the gross income for the Mortgaged Property during the preceding calendar year.
 
(29) Loan No. 7 – Colorado Center – The borrowers are permitted to deliver a guaranty from BPLP in in lieu of making required monthly payments to any reserve accounts in the amount required to have on deposit for such purpose, which amount will be reduced as the borrower expends funds for the purposes which such funds would have otherwise been deposited in the reserve account  (other than with respect to the initial reserves in respect of tenant improvement and leasing commissions costs and for existing gap rent and free rent obligations at origination, which in no event may be replaced by a Guaranty from BPLP). Notwithstanding the foregoing, the aggregate amount of

 

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  any Guaranty from BPLP (and the face amount of any letter of credit obtained by BPLP and delivered on behalf of the borrower) may not at any time exceed 10.0% of the outstanding principal balance of the Colorado Center Whole Loan.
   
  Loan No. 13 - The Landing – The borrower is permitted to end a DSCR triggered cash management period by delivering to lender an acceptable letter of credit in an amount equal to the shortfall between the NOI required for a 1.20x DSCR and the actual NOI (as calculated by lender every 12 months), up to a total letter of credit obligation of $250,000, in the aggregate. In addition, the borrower is permitted to end a cash management period triggered by a lease sweep period by delivering cash or an acceptable letter of credit in an amount equal to $10.00 per square foot with respect to the applicable lease that triggered the lease sweep period.
   
(30) Summary of Existing Pari Passu Debt

 

Loan

No. 

  Mortgage Loan   Mortgage
Loan Cut-off
Date Balance
  Pari Passu Companion 
Loan Cut-off
Date Balance
  Whole Loan Cut-off Date Balance   Whole
Loan U/W
NCF DSCR
  Whole Loan
Cut-off Date
LTV Ratio
  Whole Loan Cut- off Date U/W NOI
Debt Yield
4   Grand Hyatt Seattle   $50,000,000   $83,000,000   $133,000,000   2.07x    54.9%   11.5%
5   Renaissance Seattle   $50,000,000   $77,000,000   $127,000,000   2.15x   55.3%   12.2%
6   Mall of Louisiana   $50,000,000   $275,000,000   $325,000,000   1.85x   57.0%   11.1%
7   Colorado Center(1)   $40,000,000   $258,000,000   $298,000,000   483x   24.6%   18.6%
11   Integrated Health Campus   $31,000,000   $22,000,000   $53,000,000   1.35x   64 3%   9.1%

  

(1)The Whole Loan Cut-off Date Balance excludes three subordinate companion notes in the aggregate original principal amount of approximately $252.0 million.

 

(31) 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(1)  

Total Debt U/W NCF 

DSCR(1)

  Total Debt U/W NOI Debt Yield(1)
26   CVS & Walgreens Portfolio   $12,100,000   1.3%   $1,800,000   11.0%   5/6/2027   Yes   73.7%   1.09x   7.7%

 

(32) Summary of Future Mezzanine Debt

 

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
Minimum Debt
Yield
18   Spring River Business Park(1)   $15,700,000   1.7%   Yes   1.45x   70.0%   12.0%
29   Hampton Inn Daytona Beach   $11,074,660   1.2%   Yes   1.40x   67.27%   10.0%
36   Courtyard West Des Moines   $8,400,000   0.9%   Yes   2.16x   80.0%   12.8%

 

(1)Future mezzanine debt is not permitted to be less than $750,000 and not greater than $2,000,000.

 

 A-1-19