FWP 1 n1149_anxa1-x6.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206705-12
     

 

BMARK 2018-B1

 

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (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 Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov.  Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.  You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

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

 

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

 

This material is for your information, and none of Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., 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 BMARK 2018-B1 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2018-B1 (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.

 

 

 

 

Benchmark 2018-B1 

 

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
Property Flag ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(3)   or ARD Balance($)   Type(5) Type Rate Fee Rate(6) Basis Maturity or ARD Maturity or ARD Term Term
Loan 1 90 Hudson(2) 6.0% 1 JPMCB 70,000,000 70,000,000   70,000,000   Office CBD 4.1400% 0.01450% Actual/360 120 118 0 0
Loan 2 Valencia Town Center 5.0% 1 GACC 58,000,000 58,000,000   49,115,632   Mixed Use Office/Retail 4.1860% 0.01310% Actual/360 120 119 360 360
Loan 3 The Woods(2) 4.9% 1 CREFI 57,500,000 57,500,000   57,500,000   Multifamily Garden 2.9405% 0.03060% Actual/360 60 59 0 0
Loan 4 Griffin Portfolio(2) 4.7% 10 GACC 55,000,000 55,000,000   55,000,000   Various Various 3.7700% 0.01310% Actual/360 120 117 0 0
Property 4.01 Restoration Hardware Distribution 1.0% 1 GACC 11,440,000 11,440,000       Industrial Warehouse/Distribution              
Property 4.02 State Farm Regional HQ 0.9% 1 GACC 10,187,613 10,187,613       Office Suburban              
Property 4.03 North Pointe I 0.5% 1 GACC 5,815,333 5,815,333       Office CBD              
Property 4.04 Corporate Campus at Norterra 0.5% 1 GACC 5,720,000 5,720,000       Office Suburban              
Property 4.05 CHRISTUS Health HQ 0.5% 1 GACC 5,309,113 5,309,113       Office Suburban              
Property 4.06 Duke Bridges I 0.3% 1 GACC 4,029,740 4,029,740       Office Suburban              
Property 4.07 Wells Fargo Operations Center 0.3% 1 GACC 3,956,333 3,956,333       Office Suburban              
Property 4.08 Ace Hardware HQ 0.3% 1 GACC 3,336,667 3,336,667       Office Suburban              
Property 4.09 Royal Ridge V 0.3% 1 GACC 3,136,467 3,136,467       Office Suburban              
Property 4.10 Comcast Regional HQ 0.2% 1 GACC 2,068,733 2,068,733       Office Suburban              
Loan 5 Worldwide Plaza(2)(31)(32) 4.3% 1 GACC 50,000,000 50,000,000   50,000,000   Office CBD 3.6045425532% 0.01185% Actual/360 120 118 0 0
Loan 6 Station Place III(2)(32) 4.3% 1 JPMCB 50,000,000 50,000,000   50,000,000   Office CBD 3.6000% 0.01310% Actual/360 120 118 0 0
Loan 7 Atrium Center(2) 4.3% 1 JPMCB 50,000,000 50,000,000   50,000,000   Mixed Use Office/Retail 3.9000% 0.02310% Actual/360 120 120 0 0
Loan 8 Sentinel Square II(2) 3.9% 1 GACC 45,000,000 45,000,000   45,000,000   Office CBD 3.2420% 0.01310% Actual/360 60 60 0 0
Loan 9 Spicetree Apartments 3.8% 1 CREFI 44,100,000 44,100,000   38,431,883   Multifamily Garden 4.3150% 0.01310% Actual/360 120 119 360 360
Loan 10 Radisson Blu Aqua Hotel(2) 3.8% 1 JPMCB 44,000,000 44,000,000   44,000,000   Hospitality Full Service 4.5970% 0.02540% Actual/360 120 118 0 0
Loan 11 8900 Beverly 3.7% 1 GACC 43,000,000 43,000,000   43,000,000   Mixed Use Office/Retail 3.9000% 0.01310% Actual/360 120 119 0 0
Loan 12 Gateway Net Lease Portfolio(2) 3.6% 41 JPMCB 42,100,000 42,100,000   42,100,000   Various Various 3.56283% 0.01310% Actual/360 84 77 0 0
Property 12.01 BAE Facility 0.3% 1 JPMCB 3,506,455 3,506,455       Industrial Manufacturing              
Property 12.02 FedEx Ground (Stratford) 0.3% 1 JPMCB 3,377,660 3,377,660       Industrial Warehouse/Distribution              
Property 12.03 FedEx (Baltimore) 0.3% 1 JPMCB 3,109,604 3,109,604       Industrial Warehouse/Distribution              
Property 12.04 Harman Becker 0.2% 1 JPMCB 2,476,897 2,476,897       Office Suburban              
Property 12.05 GE Aviation (Lafayette) 0.2% 1 JPMCB 2,359,371 2,359,371       Industrial Manufacturing              
Property 12.06 GoDaddy 0.2% 1 JPMCB 2,091,315 2,091,315       Office Suburban              
Property 12.07 Carrier 0.2% 1 JPMCB 2,063,946 2,063,946       Industrial Warehouse/Distribution              
Property 12.08 Emerus 0.1% 1 JPMCB 1,678,365 1,678,365       Office Suburban              
Property 12.09 Cardinal Health 0.1% 1 JPMCB 1,632,482 1,632,482       Industrial Warehouse/Distribution              
Property 12.10 Tyco Electronics 0.1% 1 JPMCB 1,616,382 1,616,382       Industrial Flex              
Property 12.11 FCA/Caterpillar 0.1% 1 JPMCB 1,523,006 1,523,006       Industrial Warehouse/Distribution              
Property 12.12 FedEx Ground (Staunton) 0.1% 1 JPMCB 1,281,514 1,281,514       Industrial Warehouse/Distribution              
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park 0.1% 1 JPMCB 1,072,222 1,072,222       Industrial Manufacturing              
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park 0.1% 1 JPMCB 1,061,757 1,061,757       Industrial Manufacturing              
Property 12.15 T-Mobile Call Center 0.1% 1 JPMCB 990,920 990,920       Office Suburban              
Property 12.16 Sikorsky Aircraft R&D Facility 0.1% 1 JPMCB 959,526 959,526       Industrial Flex              
Property 12.17 Vatterott College 0.1% 1 JPMCB 890,298 890,298       Office Suburban              
Property 12.18 Comcast 0.1% 1 JPMCB 798,532 798,532       Office Suburban              
Property 12.19 Alfa Laval Plant 0.1% 1 JPMCB 728,499 728,499       Industrial Manufacturing              
Property 12.20 LKQ (New Braunfels) 0.1% 1 JPMCB 718,839 718,839       Industrial Warehouse/Distribution              
Property 12.21 Hitachi 0.1% 1 JPMCB 686,641 686,641       Office Suburban              
Property 12.22 Cameron International 0.1% 1 JPMCB 652,832 652,832       Industrial Manufacturing              
Property 12.23 Alliance Data Systems Office 0.1% 1 JPMCB 619,023 619,023       Office Suburban              
Property 12.24 Synchrony Financial 0.0% 1 JPMCB 576,359 576,359       Industrial Flex              
Property 12.25 Baxalta (Barry Pointe) 0.0% 1 JPMCB 441,929 441,929       Office Medical              
Property 12.26 Baxalta (Casselberry) 0.0% 1 JPMCB 421,000 421,000       Office Medical              
Property 12.27 Baxalta (Mounds View) 0.0% 1 JPMCB 397,656 397,656       Office Medical              
Property 12.28 Baxalta (Grand Rapids) 0.0% 1 JPMCB 396,851 396,851       Office Medical              
Property 12.29 Gerdau 0.0% 1 JPMCB 396,851 396,851       Industrial Flex              
Property 12.30 Baxalta (Wausau) 0.0% 1 JPMCB 386,386 386,386       Office Medical              
Property 12.31 Baxalta (Springfield) 0.0% 1 JPMCB 375,117 375,117       Office Medical              
Property 12.32 LKQ (Salisbury) 0.0% 1 JPMCB 375,117 375,117       Industrial Warehouse              
Property 12.33 Baxalta (Ankeny) 0.0% 1 JPMCB 354,187 354,187       Office Medical              
Property 12.34 H&E Equipment Services (San Antonio) 0.0% 1 JPMCB 310,719 310,719       Industrial Warehouse/Distribution              
Property 12.35 H&E Equipment Services (New Orleans) 0.0% 1 JPMCB 292,205 292,205       Industrial Warehouse/Distribution              
Property 12.36 GE Aviation (Pompano) 0.0% 1 JPMCB 273,690 273,690       Industrial Flex              
Property 12.37 Saint-Gobain Warehouse 0.0% 1 JPMCB 246,321 246,321       Industrial Warehouse/Distribution              
Property 12.38 H&E Equipment Services (Columbia) 0.0% 1 JPMCB 243,906 243,906       Industrial Warehouse/Distribution              
Property 12.39 H&E Equipment Services (Yukon) 0.0% 1 JPMCB 240,686 240,686       Industrial Warehouse/Distribution              
Property 12.40 LKQ (Toledo) 0.0% 1 JPMCB 239,881 239,881       Industrial Warehouse              
Property 12.41 H&E Equipment Services (Greer) 0.0% 1 JPMCB 235,052 235,052       Industrial Warehouse/Distribution              
Loan 13 Lehigh Valley Mall(2) 3.6% 1 JPMCB 42,000,000 41,884,697   33,426,424   Retail Super Regional Mall 4.0560% 0.01550% Actual/360 120 118 360 358
Loan 14 Rochester Hotel Portfolio(2) 3.4% 4 GACC 40,000,000 40,000,000   33,268,125   Hospitality Various 4.7410% 0.01310% Actual/360 120 118 300 300
Property 14.01 Rochester Marriott 1.3% 1 GACC 15,214,286 15,214,286       Hospitality Full Service              
Property 14.02 Kahler Grand 1.2% 1 GACC 14,428,571 14,428,571       Hospitality Full Service              
Property 14.03 Kahler Inn & Suites 0.5% 1 GACC 6,071,429 6,071,429       Hospitality Select Service              
Property 14.04 Residence Inn Rochester 0.4% 1 GACC 4,285,714 4,285,714       Hospitality Extended Stay              
Loan 15 Oasis at Pavilion Park 3.1% 1 GACC 36,000,000 36,000,000   36,000,000   Multifamily Garden 3.9990% 0.01310% Actual/360 120 120 0 0
Loan 16 521-523 East 72nd Street(2)(32) 3.0% 1 JPMCB 35,000,000 35,000,000   35,000,000   Mixed Use Office/Multifamily 3.9500% 0.01310% Actual/360 120 115 0 0
Loan 17 156-168 Bleecker 2.9% 1 GACC 34,000,000 34,000,000   34,000,000   Retail CBD 4.2000% 0.01310% Actual/360 120 119 0 0
Loan 18 Marriott Charlotte City Center(2) 2.6% 1 JPMCB 30,000,000 30,000,000   30,000,000   Hospitality Full Service 4.5300% 0.01310% Actual/360 60 53 0 0
Loan 19 Miracle Mile Shopping Center(2) 2.4% 1 JPMCB 28,000,000 28,000,000   25,555,903   Retail Anchored 4.3400% 0.02310% Actual/360 120 117 360 360
Loan 20 Center Promenade(24) 1.9% 1 CREFI 22,200,000 22,200,000   22,200,000   Office Suburban 4.4250% 0.01310% Actual/360 120 120 0 0
Loan 21 The Arbors 1.8% 1 GACC 21,175,500 21,175,500   19,323,827   Office Suburban 4.3300% 0.01310% Actual/360 120 119 360 360

 

A-1-1

 

 

Benchmark 2018-B1

 

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
Property Flag ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(3)   or ARD Balance($)   Type(5) Type Rate Fee Rate(6) Basis Maturity or ARD Maturity or ARD Term Term
Loan 22 Towers at University Town Center(2) 1.7% 1 JPMCB 20,000,000 20,000,000   17,613,671   Multifamily Student Housing 4.7750% 0.01310% Actual/360 120 120 360 360
Loan 23 Olive Park Shopping Center 1.4% 1 CREFI 15,850,000 15,850,000   13,352,945   Retail Anchored 4.9300% 0.01310% Actual/360 120 120 360 360
Loan 24 Two Harbor Point Square(2)(31) 1.3% 1 CREFI 14,750,000 14,750,000   13,435,089   Office CBD 4.2169% 0.01310% Actual/360 120 119 360 360
Loan 25 Valley Crossing 1.3% 1 JPMCB 14,728,000 14,712,700   13,602,190   Retail Anchored 5.0960% 0.05310% Actual/360 60 59 360 359
Loan 26 AHIP Northeast Portfolio I(2) 1.3% 5 GACC 14,600,000 14,600,000   13,367,087   Hospitality Various 4.5300% 0.01310% Actual/360 120 114 360 360
Property 26.01 Hilton Garden Inn - Baltimore White Marsh 0.4% 1 GACC 4,179,839 4,179,839       Hospitality Select Service              
Property 26.02 Homewood Suites - Allentown West Fogelsville 0.2% 1 GACC 2,825,807 2,825,807       Hospitality Extended Stay              
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores 0.2% 1 GACC 2,766,936 2,766,936       Hospitality Select Service              
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport 0.2% 1 GACC 2,708,064 2,708,064       Hospitality Limited Service              
Property 26.05 Homewood Suites - Dover Rockaway 0.2% 1 GACC 2,119,355 2,119,355       Hospitality Extended Stay              
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) 1.2% 65 GACC 14,317,500 14,317,500   14,317,500   Hospitality Various 4.4860% 0.01310% Actual/360 120 113 0 0
Property 27.01 Larkspur Landing Sunnyvale 0.1% 1 GACC 844,959 844,959       Hospitality Extended Stay              
Property 27.02 Larkspur Landing Milpitas 0.1% 1 GACC 711,971 711,971       Hospitality Extended Stay              
Property 27.03 Larkspur Landing Campbell 0.1% 1 GACC 626,016 626,016       Hospitality Extended Stay              
Property 27.04 Larkspur Landing San Francisco 0.0% 1 GACC 515,733 515,733       Hospitality Extended Stay              
Property 27.05 Larkspur Landing Pleasanton 0.0% 1 GACC 504,381 504,381       Hospitality Extended Stay              
Property 27.06 Larkspur Landing Bellevue 0.0% 1 GACC 449,239 449,239       Hospitality Extended Stay              
Property 27.07 Larkspur Landing Sacramento 0.0% 1 GACC 335,713 335,713       Hospitality Extended Stay              
Property 27.08 Hampton Inn Ann Arbor North 0.0% 1 GACC 327,604 327,604       Hospitality Limited Service              
Property 27.09 Larkspur Landing Hillsboro 0.0% 1 GACC 327,604 327,604       Hospitality Extended Stay              
Property 27.10 Larkspur Landing Renton 0.0% 1 GACC 324,360 324,360       Hospitality Extended Stay              
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark 0.0% 1 GACC 311,386 311,386       Hospitality Full Service              
Property 27.12 Residence Inn Toledo Maumee 0.0% 1 GACC 308,142 308,142       Hospitality Extended Stay              
Property 27.13 Residence Inn Williamsburg 0.0% 1 GACC 295,168 295,168       Hospitality Extended Stay              
Property 27.14 Hampton Inn Suites Waco South 0.0% 1 GACC 272,463 272,463       Hospitality Limited Service              
Property 27.15 Holiday Inn Louisville Airport Fair Expo 0.0% 1 GACC 267,597 267,597       Hospitality Full Service              
Property 27.16 Courtyard Tyler 0.0% 1 GACC 262,732 262,732       Hospitality Limited Service              
Property 27.17 Hilton Garden Inn Edison Raritan Center 0.0% 1 GACC 262,732 262,732       Hospitality Limited Service              
Property 27.18 Hilton Garden Inn St Paul Oakdale 0.0% 1 GACC 259,488 259,488       Hospitality Limited Service              
Property 27.19 Residence Inn Grand Rapids West 0.0% 1 GACC 256,245 256,245       Hospitality Extended Stay              
Property 27.20 Peoria, AZ Residence Inn 0.0% 1 GACC 254,623 254,623       Hospitality Extended Stay              
Property 27.21 Hampton Inn Suites Bloomington Normal 0.0% 1 GACC 253,001 253,001       Hospitality Limited Service              
Property 27.22 Courtyard Chico 0.0% 1 GACC 248,136 248,136       Hospitality Limited Service              
Property 27.23 Hampton Inn Suites Kokomo 0.0% 1 GACC 240,027 240,027       Hospitality Limited Service              
Property 27.24 Hampton Inn Suites South Bend 0.0% 1 GACC 240,027 240,027       Hospitality Limited Service              
Property 27.25 Courtyard Wichita Falls 0.0% 1 GACC 228,674 228,674       Hospitality Limited Service              
Property 27.26 Hampton Inn Morehead 0.0% 1 GACC 222,187 222,187       Hospitality Limited Service              
Property 27.27 Residence Inn Chico 0.0% 1 GACC 215,700 215,700       Hospitality Extended Stay              
Property 27.28 Courtyard Lufkin 0.0% 1 GACC 205,969 205,969       Hospitality Limited Service              
Property 27.29 Hampton Inn Carlisle 0.0% 1 GACC 204,347 204,347       Hospitality Limited Service              
Property 27.30 Springhill Suites Williamsburg 0.0% 1 GACC 204,347 204,347       Hospitality Limited Service              
Property 27.31 Fairfield Inn Bloomington 0.0% 1 GACC 202,725 202,725       Hospitality Limited Service              
Property 27.32 Waco Residence Inn 0.0% 1 GACC 197,860 197,860       Hospitality Extended Stay              
Property 27.33 Holiday Inn Express Fishers 0.0% 1 GACC 184,885 184,885       Hospitality Limited Service              
Property 27.34 Larkspur Landing Folsom 0.0% 1 GACC 180,020 180,020       Hospitality Extended Stay              
Property 27.35 Springhill Suites Chicago Naperville Warrenville 0.0% 1 GACC 170,289 170,289       Hospitality Limited Service              
Property 27.36 Holiday Inn Express & Suites Paris 0.0% 1 GACC 168,667 168,667       Hospitality Limited Service              
Property 27.37 Toledo Homewood Suites 0.0% 1 GACC 168,667 168,667       Hospitality Extended Stay              
Property 27.38 Grand Rapids Homewood Suites 0.0% 1 GACC 163,802 163,802       Hospitality Extended Stay              
Property 27.39 Cheyenne Fairfield Inn and Suites 0.0% 1 GACC 152,449 152,449       Hospitality Limited Service              
Property 27.40 Fairfield Inn Laurel 0.0% 1 GACC 152,449 152,449       Hospitality Limited Service              
Property 27.41 Courtyard Akron Stow 0.0% 1 GACC 149,206 149,206       Hospitality Limited Service              
Property 27.42 Larkspur Landing Roseville 0.0% 1 GACC 141,097 141,097       Hospitality Extended Stay              
Property 27.43 Towneplace Suites Bloomington 0.0% 1 GACC 141,097 141,097       Hospitality Extended Stay              
Property 27.44 Hampton Inn Danville 0.0% 1 GACC 139,475 139,475       Hospitality Limited Service              
Property 27.45 Holiday Inn Norwich 0.0% 1 GACC 137,853 137,853       Hospitality Full Service              
Property 27.46 Hampton Inn Suites Longview North 0.0% 1 GACC 136,231 136,231       Hospitality Limited Service              
Property 27.47 Springhill Suites Peoria Westlake 0.0% 1 GACC 136,231 136,231       Hospitality Limited Service              
Property 27.48 Hampton Inn Suites Buda 0.0% 1 GACC 134,610 134,610       Hospitality Limited Service              
Property 27.49 Shawnee Hampton Inn 0.0% 1 GACC 134,610 134,610       Hospitality Limited Service              
Property 27.50 Racine Fairfield Inn 0.0% 1 GACC 131,366 131,366       Hospitality Limited Service              
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam 0.0% 1 GACC 128,122 128,122       Hospitality Limited Service              
Property 27.52 Holiday Inn Express & Suites Terrell 0.0% 1 GACC 121,635 121,635       Hospitality Limited Service              
Property 27.53 Westchase Homewood Suites 0.0% 1 GACC 117,730 117,730       Hospitality Extended Stay              
Property 27.54 Holiday Inn Express & Suites Tyler South 0.0% 1 GACC 116,770 116,770       Hospitality Limited Service              
Property 27.55 Holiday Inn Express & Suites Huntsville 0.0% 1 GACC 111,904 111,904       Hospitality Limited Service              
Property 27.56 Hampton Inn Sweetwater 0.0% 1 GACC 102,174 102,174       Hospitality Limited Service              
Property 27.57 Comfort Suites Buda Austin South 0.0% 1 GACC 85,956 85,956       Hospitality Limited Service              
Property 27.58 Fairfield Inn & Suites Weatherford 0.0% 1 GACC 81,090 81,090       Hospitality Limited Service              
Property 27.59 Holiday Inn Express & Suites Altus 0.0% 1 GACC 65,709 65,709       Hospitality Limited Service              
Property 27.60 Comfort Inn & Suites Paris 0.0% 1 GACC 58,385 58,385       Hospitality Limited Service              
Property 27.61 Hampton Inn Suites Decatur 0.0% 1 GACC 55,870 55,870       Hospitality Limited Service              
Property 27.62 Holiday Inn Express & Suites Texarkana East 0.0% 1 GACC 51,738 51,738       Hospitality Limited Service              
Property 27.63 Mankato Fairfield Inn 0.0% 1 GACC 46,364 46,364       Hospitality Limited Service              
Property 27.64 Candlewood Suites Texarkana 0.0% 1 GACC 35,846 35,846       Hospitality Extended Stay              
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East 0.0% 1 GACC 34,043 34,043       Hospitality Limited Service              

 

A-1-2

 

 

Benchmark 2018-B1

 

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
Property Flag ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(3)   or ARD Balance($)   Type(5) Type Rate Fee Rate(6) Basis Maturity or ARD Maturity or ARD Term Term
Loan 28 4400 PGA Boulevard(24) 1.2% 1 GACC 13,500,000 13,500,000   11,533,471   Office Suburban 4.5100% 0.01310% Actual/360 120 117 360 360
Loan 29 Honey Creek Marketplace 1.1% 1 JPMCB 13,300,000 13,284,690   12,200,284   Retail Anchored 4.6540% 0.05310% Actual/360 60 59 360 359
Loan 30 Metro Center V(24) 1.1% 1 GACC 12,900,000 12,900,000   11,790,873   Office Suburban 4.4300% 0.01310% Actual/360 120 120 360 360
Loan 31 1114-1126 Lake Street 1.1% 1 CREFI 12,800,000 12,800,000   10,459,490   Retail Anchored 4.8200% 0.01310% Actual/360 120 120 360 360
Loan 32 William Penn Building 1.0% 1 GACC 11,500,000 11,500,000   9,914,066   Mixed Use Multifamily/Retail 4.8550% 0.01310% Actual/360 120 119 360 360
Loan 33 Tri State Neighborhood Center 0.8% 1 JPMCB 9,800,000 9,800,000   8,941,147   Retail Anchored 4.3100% 0.05310% Actual/360 84 82 360 360
Loan 34 Fairfield Inn & Suites - Panama City Beach 0.8% 1 JPMCB 9,800,000 9,786,015   7,436,655   Hospitality Limited Service 5.4160% 0.01310% Actual/360 120 119 300 299
Loan 35 Hampton Inn & Suites Shelby 0.8% 1 JPMCB 9,510,000 9,495,404   7,114,922   Hospitality Limited Service 5.0200% 0.01310% Actual/360 120 119 300 299
Loan 36 Goodale Office(24) 0.8% 1 GACC 8,960,000 8,960,000   7,816,721   Office Suburban 4.3600% 0.01310% Actual/360 120 117 360 360
Loan 37 Hampton Inn Glenwood Springs 0.7% 1 JPMCB 8,280,000 8,271,417   6,829,996   Hospitality Limited Service 5.1050% 0.01310% Actual/360 120 119 360 359
Loan 38 Pick ‘n Save Appleton WI 0.7% 1 CREFI 8,090,000 8,090,000   6,579,820   Retail Single Tenant 4.6800% 0.04310% Actual/360 120 120 360 360
Loan 39 Fresenius Portfolio V 0.6% 4 GACC 7,300,000 7,300,000   6,692,341   Office Medical 4.6125% 0.08060% Actual/360 120 114 360 360
Property 39.01 Fresenius Dayton 0.3% 1 GACC 3,405,000 3,405,000       Office Medical              
Property 39.02 Fresenius Davenport 0.1% 1 GACC 1,600,000 1,600,000       Office Medical              
Property 39.03 Fresenius Rock Island 0.1% 1 GACC 1,355,000 1,355,000       Office Medical              
Property 39.04 Fresenius Muscatine 0.1% 1 GACC 940,000 940,000       Office Medical              
Loan 40 Village Square 0.6% 1 GACC 7,200,000 7,200,000   7,200,000   Mixed Use Retail/Office 4.4900% 0.08060% Actual/360 120 116 0 0
Loan 41 Q-2 Self Storage 0.6% 1 JPMCB 6,500,000 6,490,128   4,873,235   Self Storage Self Storage 5.0780% 0.05310% Actual/360 120 119 300 299
Loan 42 Best Western Plus - Chalmette 0.5% 1 JPMCB 5,600,000 5,592,009   4,249,517   Hospitality Limited Service 5.4160% 0.01310% Actual/360 120 119 300 299
Loan 43 Afton Village 0.5% 1 GACC 5,365,000 5,356,601   3,997,734   Retail Unanchored 4.9100% 0.01310% Actual/360 120 119 300 299
Loan 44 21st Century Storage - Miami, FL 0.4% 1 CREFI 5,200,000 5,200,000   4,232,152   Self Storage Self Storage 4.7000% 0.01310% Actual/360 120 120 360 360
Loan 45 Hillside Mobile Estates 0.4% 1 GACC 4,650,000 4,644,458   3,759,136   Manufactured Housing Community Manufactured Housing Community 4.5000% 0.01310% Actual/360 120 119 360 359
Loan 46 Callahan Plaza 0.3% 1 GACC 4,050,000 4,016,889   3,315,371   Retail Anchored 4.8700% 0.01310% Actual/360 120 113 360 353
Loan 47 CityLine PA Portfolio 0.3% 2 CREFI 3,925,000 3,925,000   3,445,407   Self Storage Self Storage 4.6300% 0.01310% Actual/360 120 120 360 360
Property 47.01 Carlisle Self Storage 0.2% 1 CREFI 2,340,000 2,340,000       Self Storage Self Storage              
Property 47.02 West Chocolate Self Storage 0.1% 1 CREFI 1,585,000 1,585,000       Self Storage Self Storage              
Loan 48 CityLine BeCubed 0.3% 1 CREFI 3,575,000 3,575,000   3,150,200   Self Storage Self Storage 4.8000% 0.01310% Actual/360 120 120 360 360
Loan 49 Marketplace on Grove 0.3% 1 GACC 3,500,000 3,500,000   3,016,082   Retail Shadow Anchored 4.8360% 0.01310% Actual/360 120 114 360 360

 

A-1-3

 

 

Benchmark 2018-B1

 

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      
      Origination Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten
Property Flag ID Property Name Date Date or ARD Date (Yes/No) Maturity Date Service($)(7) Service($)(7) Service($) Service($) Period  Lockbox(8)  Management(9) Other Loans Borrower NOI DSCR(7)(10) NCF DSCR(7)(10)
Loan 1 90 Hudson(2) 10/17/2017 12/01/2017 11/01/2027 No 11/01/2027 244,854 2,938,250 209,875 2,518,500 118 Hard Springing No   2.18x 2.04x
Loan 2 Valencia Town Center 11/09/2017 01/06/2018 12/06/2027 No 12/06/2027 283,156 3,397,875     23 Hard In Place No   2.45x 2.28x
Loan 3 The Woods(2) 12/01/2017 01/06/2018 12/06/2022 No 12/06/2022 142,856 1,714,271 354,034 4,248,410 59 Springing Soft Springing No   5.08x 5.01x
Loan 4 Griffin Portfolio(2) 09/29/2017 11/01/2017 10/01/2027 No 10/01/2027 175,192 2,102,299 1,019,296 12,231,556 117 Hard Springing No   2.67x 2.49x
Property 4.01 Restoration Hardware Distribution                                
Property 4.02 State Farm Regional HQ                                
Property 4.03 North Pointe I                                
Property 4.04 Corporate Campus at Norterra                                
Property 4.05 CHRISTUS Health HQ                                
Property 4.06 Duke Bridges I                                
Property 4.07 Wells Fargo Operations Center                                
Property 4.08 Ace Hardware HQ                                
Property 4.09 Royal Ridge V                                
Property 4.10 Comcast Regional HQ                                
Loan 5 Worldwide Plaza(2)(31)(32) 10/18/2017 12/06/2017 11/06/2027 No 11/06/2027 152,275 1,827,303 1,724,627 20,695,520 118 Hard Springing No   3.88x 3.77x
Loan 6 Station Place III(2)(32) 10/03/2017 12/01/2017 11/01/2027 No 11/01/2027 152,083 1,825,000 425,833 5,110,000 118 Hard Springing No   3.25x 3.00x
Loan 7 Atrium Center(2) 12/15/2017 02/01/2018 01/01/2028 No 01/01/2028 164,757 1,977,083 214,184 2,570,208 120 Hard Springing No   2.08x 2.05x
Loan 8 Sentinel Square II(2) 12/29/2017 02/06/2018 01/06/2023 No 01/06/2023 123,264 1,479,162 157,942 1,895,300 60 Hard In Place No   2.72x 2.70x
Loan 9 Spicetree Apartments 12/06/2017 01/06/2018 12/06/2027 No 12/06/2027 218,627 2,623,523     35 Springing Soft Springing No   1.54x 1.48x
Loan 10 Radisson Blu Aqua Hotel(2) 10/20/2017 12/01/2017 11/01/2027 No 11/01/2027 170,898 2,050,773 77,681 932,169 118 Soft In Place No   2.24x 2.24x
Loan 11 8900 Beverly 11/07/2017 01/06/2018 12/06/2027 No 12/06/2027 141,691 1,700,292     119 Hard Springing No   2.18x 2.10x
Loan 12 Gateway Net Lease Portfolio(2) 05/19/2017 07/05/2017 06/05/2024 No 06/05/2024 126,732 1,520,784 935,890 11,230,683 77 Hard Springing No   3.90x 3.54x
Property 12.01 BAE Facility                                
Property 12.02 FedEx Ground (Stratford)                                
Property 12.03 FedEx (Baltimore)                                
Property 12.04 Harman Becker                                
Property 12.05 GE Aviation (Lafayette)                                
Property 12.06 GoDaddy                                
Property 12.07 Carrier                                
Property 12.08 Emerus                                
Property 12.09 Cardinal Health                                
Property 12.10 Tyco Electronics                                
Property 12.11 FCA/Caterpillar                                
Property 12.12 FedEx Ground (Staunton)                                
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park                                
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park                                
Property 12.15 T-Mobile Call Center                                
Property 12.16 Sikorsky Aircraft R&D Facility                                
Property 12.17 Vatterott College                                
Property 12.18 Comcast                                
Property 12.19 Alfa Laval Plant                                
Property 12.20 LKQ (New Braunfels)                                
Property 12.21 Hitachi                                
Property 12.22 Cameron International                                
Property 12.23 Alliance Data Systems Office                                
Property 12.24 Synchrony Financial                                
Property 12.25 Baxalta (Barry Pointe)                                
Property 12.26 Baxalta (Casselberry)                                
Property 12.27 Baxalta (Mounds View)                                
Property 12.28 Baxalta (Grand Rapids)                                
Property 12.29 Gerdau                                
Property 12.30 Baxalta (Wausau)                                
Property 12.31 Baxalta (Springfield)                                
Property 12.32 LKQ (Salisbury)                                
Property 12.33 Baxalta (Ankeny)                                
Property 12.34 H&E Equipment Services (San Antonio)                                
Property 12.35 H&E Equipment Services (New Orleans)                                
Property 12.36 GE Aviation (Pompano)                                
Property 12.37 Saint-Gobain Warehouse                                
Property 12.38 H&E Equipment Services (Columbia)                                
Property 12.39 H&E Equipment Services (Yukon)                                
Property 12.40 LKQ (Toledo)                                
Property 12.41 H&E Equipment Services (Greer)                                
Loan 13 Lehigh Valley Mall(2) 10/13/2017 12/01/2017 11/01/2027 No 11/01/2027 201,873 2,422,473 759,426 9,113,113 0 Hard Springing No   2.16x 2.07x
Loan 14 Rochester Hotel Portfolio(2) 11/06/2017 12/06/2017 11/06/2027 No 11/06/2027 227,840 2,734,079 569,600 6,835,198 34 Hard Springing No   1.78x 1.50x
Property 14.01 Rochester Marriott                                
Property 14.02 Kahler Grand                                
Property 14.03 Kahler Inn & Suites                                
Property 14.04 Residence Inn Rochester                                
Loan 15 Oasis at Pavilion Park 12/20/2017 02/06/2018 01/06/2028 No 01/06/2028 121,636 1,459,635     120 Soft Springing No   2.79x 2.73x
Loan 16 521-523 East 72nd Street(2)(32) 07/06/2017 09/01/2017 08/01/2027 No 08/01/2027 116,808 1,401,701 166,869 2,002,431 115 Hard Springing No   1.96x 1.93x
Loan 17 156-168 Bleecker 11/10/2017 01/06/2018 12/06/2027 Yes 12/06/2029 120,653 1,447,833     119 Springing Hard Springing No   1.73x 1.71x
Loan 18 Marriott Charlotte City Center(2) 06/01/2017 07/01/2017 06/01/2022 No 06/01/2022 114,823 1,377,875 279,402 3,352,825 53 Soft Springing No   2.76x 2.76x
Loan 19 Miracle Mile Shopping Center(2) 09/07/2017 11/06/2017 10/06/2027 No 10/06/2027 139,222 1,670,669 139,222 1,670,669 57 Hard In Place No   1.62x 1.49x
Loan 20 Center Promenade(24) 12/22/2017 02/06/2018 01/06/2028 No 01/06/2028 82,999 995,994     120 Hard Springing No   2.73x 2.48x
Loan 21 The Arbors 11/16/2017 01/06/2018 12/06/2027 No 12/06/2027 105,165 1,261,978     59 Springing Hard Springing No Yes - A 1.94x 1.76x

 

A-1-4

 

 

Benchmark 2018-B1

 

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      
      Origination Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten
Property Flag ID Property Name Date Date or ARD Date (Yes/No) Maturity Date Service($)(7) Service($)(7) Service($) Service($) Period  Lockbox(8)  Management(9) Other Loans Borrower NOI DSCR(7)(10) NCF DSCR(7)(10)
Loan 22 Towers at University Town Center(2) 12/18/2017 02/01/2018 01/01/2028 No 01/01/2028 104,631 1,255,573 136,020 1,632,244 36 Soft In Place No   1.57x 1.52x
Loan 23 Olive Park Shopping Center 12/18/2017 02/06/2018 01/06/2028 No 01/06/2028 84,409 1,012,913     12 Springing Hard Springing No   1.29x 1.24x
Loan 24 Two Harbor Point Square(2)(31) 11/17/2017 01/06/2018 12/06/2027 No 12/06/2027 72,276 867,307 170,276 2,043,317 59 Hard In Place No   1.93x 1.78x
Loan 25 Valley Crossing 11/21/2017 01/01/2018 12/01/2022 No 12/01/2022 79,929 959,153     0 Springing Hard Springing No   1.47x 1.39x
Loan 26 AHIP Northeast Portfolio I(2) 06/22/2017 08/06/2017 07/06/2027 No 07/06/2027 74,237 890,838 279,658 3,355,898 54 Hard Springing No   2.30x 2.06x
Property 26.01 Hilton Garden Inn - Baltimore White Marsh                                
Property 26.02 Homewood Suites - Allentown West Fogelsville                                
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores                                
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport                                
Property 26.05 Homewood Suites - Dover Rockaway                                
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) 05/24/2017 07/01/2017 06/01/2027 No 06/01/2027 54,267 651,204 2,133,733 25,604,800 113 Soft Springing Hard Springing No   2.72x 2.72x
Property 27.01 Larkspur Landing Sunnyvale                                
Property 27.02 Larkspur Landing Milpitas                                
Property 27.03 Larkspur Landing Campbell                                
Property 27.04 Larkspur Landing San Francisco                                
Property 27.05 Larkspur Landing Pleasanton                                
Property 27.06 Larkspur Landing Bellevue                                
Property 27.07 Larkspur Landing Sacramento                                
Property 27.08 Hampton Inn Ann Arbor North                                
Property 27.09 Larkspur Landing Hillsboro                                
Property 27.10 Larkspur Landing Renton                                
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark                                
Property 27.12 Residence Inn Toledo Maumee                                
Property 27.13 Residence Inn Williamsburg                                
Property 27.14 Hampton Inn Suites Waco South                                
Property 27.15 Holiday Inn Louisville Airport Fair Expo                                
Property 27.16 Courtyard Tyler                                
Property 27.17 Hilton Garden Inn Edison Raritan Center                                
Property 27.18 Hilton Garden Inn St Paul Oakdale                                
Property 27.19 Residence Inn Grand Rapids West                                
Property 27.20 Peoria, AZ Residence Inn                                
Property 27.21 Hampton Inn Suites Bloomington Normal                                
Property 27.22 Courtyard Chico                                
Property 27.23 Hampton Inn Suites Kokomo                                
Property 27.24 Hampton Inn Suites South Bend                                
Property 27.25 Courtyard Wichita Falls                                
Property 27.26 Hampton Inn Morehead                                
Property 27.27 Residence Inn Chico                                
Property 27.28 Courtyard Lufkin                                
Property 27.29 Hampton Inn Carlisle                                
Property 27.30 Springhill Suites Williamsburg                                
Property 27.31 Fairfield Inn Bloomington                                
Property 27.32 Waco Residence Inn                                
Property 27.33 Holiday Inn Express Fishers                                
Property 27.34 Larkspur Landing Folsom                                
Property 27.35 Springhill Suites Chicago Naperville Warrenville                                
Property 27.36 Holiday Inn Express & Suites Paris                                
Property 27.37 Toledo Homewood Suites                                
Property 27.38 Grand Rapids Homewood Suites                                
Property 27.39 Cheyenne Fairfield Inn and Suites                                
Property 27.40 Fairfield Inn Laurel                                
Property 27.41 Courtyard Akron Stow                                
Property 27.42 Larkspur Landing Roseville                                
Property 27.43 Towneplace Suites Bloomington                                
Property 27.44 Hampton Inn Danville                                
Property 27.45 Holiday Inn Norwich                                
Property 27.46 Hampton Inn Suites Longview North                                
Property 27.47 Springhill Suites Peoria Westlake                                
Property 27.48 Hampton Inn Suites Buda                                
Property 27.49 Shawnee Hampton Inn                                
Property 27.50 Racine Fairfield Inn                                
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam                                
Property 27.52 Holiday Inn Express & Suites Terrell                                
Property 27.53 Westchase Homewood Suites                                
Property 27.54 Holiday Inn Express & Suites Tyler South                                
Property 27.55 Holiday Inn Express & Suites Huntsville                                
Property 27.56 Hampton Inn Sweetwater                                
Property 27.57 Comfort Suites Buda Austin South                                
Property 27.58 Fairfield Inn & Suites Weatherford                                
Property 27.59 Holiday Inn Express & Suites Altus                                
Property 27.60 Comfort Inn & Suites Paris                                
Property 27.61 Hampton Inn Suites Decatur                                
Property 27.62 Holiday Inn Express & Suites Texarkana East                                
Property 27.63 Mankato Fairfield Inn                                
Property 27.64 Candlewood Suites Texarkana                                
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East                                

 

A-1-5

 

 

Benchmark 2018-B1

 

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      
      Origination Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten
Property Flag ID Property Name Date Date or ARD Date (Yes/No) Maturity Date Service($)(7) Service($)(7) Service($) Service($) Period  Lockbox(8)  Management(9) Other Loans Borrower NOI DSCR(7)(10) NCF DSCR(7)(10)
Loan 28 4400 PGA Boulevard(24) 10/04/2017 11/06/2017 10/06/2027 No 10/06/2027 68,483 821,793     21 Springing Hard Springing No   1.83x 1.67x
Loan 29 Honey Creek Marketplace 11/21/2017 01/01/2018 12/01/2022 No 12/01/2022 68,612 823,339     0 Springing Hard Springing No   1.80x 1.69x
Loan 30 Metro Center V(24) 12/13/2017 02/06/2018 01/06/2028 No 01/06/2028 64,827 777,924     60 Springing Hard Springing No Yes - A 2.24x 1.91x
Loan 31 1114-1126 Lake Street 12/22/2017 02/06/2018 01/06/2028 No 01/06/2028 67,312 807,744     0 Springing Hard Springing No   1.35x 1.27x
Loan 32 William Penn Building 11/30/2017 01/06/2018 12/06/2027 No 12/06/2027 60,719 728,633     23 Springing Hard Springing No   1.48x 1.46x
Loan 33 Tri State Neighborhood Center 11/01/2017 12/01/2017 11/01/2024 No 11/01/2024 48,555 582,660     22 Hard Springing No   2.22x 1.99x
Loan 34 Fairfield Inn & Suites - Panama City Beach 11/21/2017 01/01/2018 12/01/2027 No 12/01/2027 59,690 716,280     0 Hard Springing No Yes - B 2.11x 2.11x
Loan 35 Hampton Inn & Suites Shelby 11/14/2017 01/01/2018 12/01/2027 No 12/01/2027 55,705 668,465     0 Springing Hard Springing No   1.85x 1.85x
Loan 36 Goodale Office(24) 09/29/2017 11/06/2017 10/06/2027 No 10/06/2027 44,657 535,881     33 Springing Hard Springing No Yes - A 1.86x 1.69x
Loan 37 Hampton Inn Glenwood Springs 12/01/2017 01/01/2018 12/01/2027 No 12/01/2027 44,982 539,780     0 Hard Springing No   1.91x 1.91x
Loan 38 Pick ‘n Save Appleton WI 12/14/2017 02/06/2018 01/06/2028 No 01/06/2028 41,861 502,327     0 Hard Springing No   1.39x 1.32x
Loan 39 Fresenius Portfolio V 06/29/2017 08/06/2017 07/06/2027 No 07/06/2027 37,478 449,731     54 Hard Springing No   1.56x 1.49x
Property 39.01 Fresenius Dayton                                
Property 39.02 Fresenius Davenport                                
Property 39.03 Fresenius Rock Island                                
Property 39.04 Fresenius Muscatine                                
Loan 40 Village Square 08/07/2017 10/06/2017 09/06/2027 No 09/06/2027 27,314 327,770     116 Springing Hard Springing No   2.38x 2.24x
Loan 41 Q-2 Self Storage 11/30/2017 01/01/2018 12/01/2027 No 12/01/2027 38,294 459,532     0 Hard Springing No   1.48x 1.45x
Loan 42 Best Western Plus - Chalmette 11/21/2017 01/01/2018 12/01/2027 No 12/01/2027 34,109 409,303     0 Hard Springing No Yes - B 2.24x 2.24x
Loan 43 Afton Village 12/04/2017 01/06/2018 12/06/2027 No 12/06/2027 31,083 372,991     0 Springing Hard Springing No   1.49x 1.39x
Loan 44 21st Century Storage - Miami, FL 12/08/2017 02/06/2018 01/06/2028 No 01/06/2028 26,969 323,630     0 Springing Hard Springing No   1.40x 1.35x
Loan 45 Hillside Mobile Estates 12/06/2017 01/06/2018 12/06/2027 No 12/06/2027 23,561 282,730     0 Soft Springing No   3.82x 3.66x
Loan 46 Callahan Plaza 05/18/2017 07/06/2017 06/06/2027 No 06/06/2027 21,421 257,048     0 Soft Springing Hard Springing No   1.67x 1.45x
Loan 47 CityLine PA Portfolio 12/14/2017 02/06/2018 01/06/2028 No 01/06/2028 20,192 242,301     36 Springing Hard Springing No Yes - C 1.57x 1.53x
Property 47.01 Carlisle Self Storage                                
Property 47.02 West Chocolate Self Storage                                
Loan 48 CityLine BeCubed 12/12/2017 02/06/2018 01/06/2028 No 01/06/2028 18,757 225,081     36 Springing Hard Springing No Yes - C 1.36x 1.34x
Loan 49 Marketplace on Grove 06/30/2017 08/06/2017 07/06/2027 No 07/06/2027 18,440 221,274     18 Springing Hard Springing No   1.53x 1.46x

 

A-1-6

 

 

Benchmark 2018-B1

 

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

 

              FIRREA Cut-Off        
      Grace Payment Appraised Appraisal Compliant Date LTV LTV Ratio at      
Property Flag ID Property Name Period(13) Date Value ($)(14) As-of Date (Yes/No) Ratio(10)(14)(29) Maturity or ARD(10)(14)(29) Address City County
Loan 1 90 Hudson(2) 0 1 216,000,000 08/25/2017 Yes 60.2% 60.2% 90 Hudson Street Jersey City Hudson
Loan 2 Valencia Town Center 0 6 82,100,000 08/11/2017 Yes 70.6% 59.8% 24300, 24303 and 24305 Town Center Drive, 24200 and 24204 Magic Mountain Parkway, 26950 Theater Drive and 26735 Circle Drive Santa Clarita Los Angeles
Loan 3 The Woods(2) 0 6 675,500,000 10/10/2017 Yes 29.6% 29.6% 4300 The Woods Drive San Jose Santa Clara
Loan 4 Griffin Portfolio(2) 0 1 610,000,000 09/21/2017 Yes 61.5% 61.5% Various Various Various
Property 4.01 Restoration Hardware Distribution     120,000,000 09/01/2017 Yes     825 Rogers Road Patterson Stanislaus
Property 4.02 State Farm Regional HQ     122,000,000 09/06/2017 Yes     64 & 66 Perimeter Center East Atlanta DeKalb
Property 4.03 North Pointe I     61,000,000 09/06/2017 Yes     6380 & 6440 Aviation Way West Chester Butler
Property 4.04 Corporate Campus at Norterra     60,000,000 09/06/2017 Yes     25500 & 25600 North Norterra Drive Phoenix Maricopa
Property 4.05 CHRISTUS Health HQ     55,690,000 09/08/2017 Yes     919 Hidden Ridge Irving Dallas
Property 4.06 Duke Bridges I     42,270,000 09/08/2017 Yes     7668 Warren Parkway Frisco Collin
Property 4.07 Wells Fargo Operations Center     41,500,000 09/06/2017 Yes     8740 Research Drive Charlotte Mecklenburg
Property 4.08 Ace Hardware HQ     35,000,000 09/05/2017 Yes     2200-2222 Kensington Court Oak Brook DuPage
Property 4.09 Royal Ridge V     32,900,000 09/08/2017 Yes     3929 West John Carpenter Freeway Irving Dallas
Property 4.10 Comcast Regional HQ     21,700,000 09/05/2017 Yes     15815 25th Avenue West Lynnwood Snohomish
Loan 5 Worldwide Plaza(2)(31)(32) 0 6 1,740,000,000 10/01/2017 Yes 35.4% 35.4% 825 Eighth Avenue New York New York
Loan 6 Station Place III(2)(32) 5 1 399,000,000 08/22/2017 Yes 47.6% 47.6% 700 2nd Street Northeast Washington District of Columbia
Loan 7 Atrium Center(2) 0 1 215,000,000 09/08/2017 Yes 53.5% 53.5% 300 Boylston Street Chestnut Hill Middlesex
Loan 8 Sentinel Square II(2) 0 6 172,000,000 04/01/2019 Yes 59.7% 59.7% 1050 First Street Northeast Washington District of Columbia
Loan 9 Spicetree Apartments 0 6 63,700,000 10/18/2017 Yes 69.2% 60.3% 4854 Washtenaw Avenue Ann Arbor Washtenaw
Loan 10 Radisson Blu Aqua Hotel(2) 5 (Once per year) 1 117,500,000 09/01/2017 Yes 54.5% 54.5% 221 North Columbus Drive Chicago Cook
Loan 11 8900 Beverly 0 6 87,800,000 10/13/2017 Yes 49.0% 49.0% 8900 Beverly Boulevard West Hollywood Los Angeles
Loan 12 Gateway Net Lease Portfolio(2) 0 5 785,215,000 Various Yes 45.0% 45.0% Various Various Various
Property 12.01 BAE Facility     65,400,000 02/22/2017 Yes     4300 Airport Expressway Fort Wayne Allen
Property 12.02 FedEx Ground (Stratford)     63,000,000 02/24/2017 Yes     825 Lordship Boulevard Stratford Fairfield
Property 12.03 FedEx (Baltimore)     58,000,000 02/27/2017 Yes     6021 Bethlehem Boulevard Edgemere Baltimore
Property 12.04 Harman Becker     46,200,000 03/02/2017 Yes     30001 Cabot Drive Novi Oakland
Property 12.05 GE Aviation (Lafayette)     44,000,000 02/22/2017 Yes     3720 US Highway 52 South Lafayette Tippecanoe
Property 12.06 GoDaddy     39,000,000 02/24/2017 Yes     2155 East GoDaddy Way Tempe Maricopa
Property 12.07 Carrier     38,500,000 02/23/2017 Yes     16011 Applewhite Road San Antonio Bexar
Property 12.08 Emerus     31,300,000 02/24/2017 Yes     8686 New Trails Drive The Woodlands Montgomery
Property 12.09 Cardinal Health     30,450,000 02/21/2017 Yes     6000 Rosa Parks Boulevard Detroit Wayne
Property 12.10 Tyco Electronics     30,150,000 02/27/2017 Yes     501 Shenandoah Drive Shakopee Scott
Property 12.11 FCA/Caterpillar     28,400,000 02/22/2017 Yes     2348 FM 464 Seguin Guadalupe
Property 12.12 FedEx Ground (Staunton)     23,900,000 03/02/2017 Yes     7 Industry Way Staunton Staunton City
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park     20,000,000 02/24/2017 Yes     1 & 3 World Packaging Circle Franklin Milwaukee
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park     19,800,000 02/24/2017 Yes     2 & 4 World Packaging Circle Franklin Milwaukee
Property 12.15 T-Mobile Call Center     18,475,000 02/23/2017 Yes     820 Tom Martin Drive Birmingham Jefferson
Property 12.16 Sikorsky Aircraft R&D Facility     17,900,000 02/17/2017 Yes     1727 South Main Street Dallas Dallas
Property 12.17 Vatterott College     16,600,000 02/15/2017 Yes     8580 Evans Avenue Berkeley Saint Louis
Property 12.18 Comcast     14,900,000 02/24/2017 Yes     12645 Corporate Lakes Drive Fort Myers Lee
Property 12.19 Alfa Laval Plant     13,600,000 02/24/2017 Yes     5400 International Trade Drive Richmond Henrico
Property 12.20 LKQ (New Braunfels)     13,400,000 02/22/2017 Yes     5545 Goodwin Lane New Braunfels Guadalupe
Property 12.21 Hitachi     12,800,000 02/22/2017 Yes     1375 North 28th Avenue Irving Dallas
Property 12.22 Cameron International     12,175,000 02/21/2017 Yes     2503 South Main Street Mansfield Tioga
Property 12.23 Alliance Data Systems Office     11,550,000 02/17/2017 Yes     220 West Schrock Road Westerville Franklin
Property 12.24 Synchrony Financial     10,750,000 02/22/2017 Yes     140 Wekiva Springs Road Longwood Seminole
Property 12.25 Baxalta (Barry Pointe)     8,250,000 08/08/2017 Yes     9500 Northeast 82nd Terrace Kansas City Clay
Property 12.26 Baxalta (Casselberry)     7,850,000 10/09/2017 Yes     1385 State Road 436 Casselberry Seminole
Property 12.27 Baxalta (Mounds View)     7,420,000 02/27/2017 Yes     2325 County Road 10 Mounds View Ramsey
Property 12.28 Baxalta (Grand Rapids)     7,400,000 02/20/2017 Yes     2670 East Paris Avenue Southeast Grand Rapids Kent
Property 12.29 Gerdau     7,400,000 03/01/2017 Yes     4265 West Tompkins Avenue Las Vegas Clark
Property 12.30 Baxalta (Wausau)     7,200,000 02/17/2017 Yes     3201 Rib Mountain Drive Wausau Marathon
Property 12.31 Baxalta (Springfield)     7,000,000 02/27/2017 Yes     1815 McCurry Road Springfield Greene
Property 12.32 LKQ (Salisbury)     7,000,000 02/23/2017 Yes     1001 Carrier Drive Charlotte Mecklenburg
Property 12.33 Baxalta (Ankeny)     6,600,000 03/01/2017 Yes     725 Southeast Oralabor Road Ankeny Polk
Property 12.34 H&E Equipment Services (San Antonio)     5,800,000 02/23/2017 Yes     5327 & 5423 Tex-Con Road San Antonio Bexar
Property 12.35 H&E Equipment Services (New Orleans)     5,450,000 02/27/2017 Yes     4202 Almonaster Avenue New Orleans Orleans
Property 12.36 GE Aviation (Pompano)     5,100,000 02/22/2017 Yes     2705 Gateway Drive Pompano Beach Broward
Property 12.37 Saint-Gobain Warehouse     4,600,000 02/17/2017 Yes     30 Sibley Drive Russellville Franklin
Property 12.38 H&E Equipment Services (Columbia)     4,550,000 02/20/2017 Yes     1031 Buckner Park Drive Columbia Richland
Property 12.39 H&E Equipment Services (Yukon)     4,490,000 02/20/2017 Yes     10700 Northwest 4th Street Yukon Canadian
Property 12.40 LKQ (Toledo)     4,475,000 02/22/2017 Yes     6180 Hagman Road Toledo Lucas
Property 12.41 H&E Equipment Services (Greer)     4,380,000 02/17/2017 Yes     585 Brookshire Road Greer Spartanburg
Loan 13 Lehigh Valley Mall(2) 0 1 445,000,000 09/04/2017 Yes 44.8% 35.8% 250 Lehigh Valley Mall Whitehall Lehigh
Loan 14 Rochester Hotel Portfolio(2) 0 6 210,000,000 11/01/2017 Yes 66.7% 55.4% Various Rochester Olmsted
Property 14.01 Rochester Marriott     71,000,000 11/01/2017 Yes     101 1st Avenue Southwest Rochester Olmsted
Property 14.02 Kahler Grand     83,000,000 11/01/2017 Yes     20 2nd Avenue Southwest Rochester Olmsted
Property 14.03 Kahler Inn & Suites     35,000,000 11/01/2017 Yes     9 3rd Avenue Northwest Rochester Olmsted
Property 14.04 Residence Inn Rochester     21,000,000 11/01/2017 Yes     441 West Center Street Rochester Olmsted
Loan 15 Oasis at Pavilion Park 0 6 60,030,000 11/14/2017 Yes 60.0% 60.0% 110 Pavilion Parkway Midland Midland
Loan 16 521-523 East 72nd Street(2)(32) 0 1 144,100,000 05/11/2017 Yes 59.0% 59.0% 521-523 East 72nd Street New York New York
Loan 17 156-168 Bleecker 0 6 58,000,000 10/01/2017 Yes 58.6% 58.6% 156-168 Bleecker Street New York New York
Loan 18 Marriott Charlotte City Center(2) 0 1 170,000,000 05/01/2017 Yes 60.6% 60.6% 100 West Trade Street Charlotte Mecklenburg
Loan 19 Miracle Mile Shopping Center(2) 0 6 80,600,000 08/03/2017 Yes 69.5% 63.4% 4100 William Penn Highway Monroeville Allegheny
Loan 20 Center Promenade(24) 0 6 36,000,000 10/11/2017 Yes 61.7% 61.7% 6401, 6477, 6555 & 6633 Telephone Road, 1000 & 1050-1070 South Hill Road and 1001 Partridge Drive Ventura Ventura
Loan 21 The Arbors 0 6 30,500,000 09/28/2017 Yes 69.4% 63.4% 3120 & 3128 Highwoods Boulevard and 3200 Atlantic Avenue Raleigh Wake

 

A-1-7

 

 

Benchmark 2018-B1

 

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

 

              FIRREA Cut-Off        
      Grace Payment Appraised Appraisal Compliant Date LTV LTV Ratio at      
Property Flag ID Property Name Period(13) Date Value ($)(14) As-of Date (Yes/No) Ratio(10)(14)(29) Maturity or ARD(10)(14)(29) Address City County
Loan 22 Towers at University Town Center(2) 0 1 72,500,000 11/13/2017 Yes 63.4% 55.9% 6515 Belcrest Road Hyattsville Prince Georges
Loan 23 Olive Park Shopping Center 0 6 21,800,000 09/30/2017 Yes 72.7% 61.3% 9402, 9414 and 9424 Falls of Neuse Road Raleigh Wake
Loan 24 Two Harbor Point Square(2)(31) 0 6 80,000,000 10/06/2017 Yes 61.9% 56.4% 100 Washington Boulevard Stamford Fairfield
Loan 25 Valley Crossing 5 (Once per year) 1 21,800,000 10/18/2017 Yes 67.5% 62.4% 715 East Expressway 83 Weslaco Hidalgo
Loan 26 AHIP Northeast Portfolio I(2) 0 6 124,000,000 Various Yes 56.1% 51.4% Various Various Various
Property 26.01 Hilton Garden Inn - Baltimore White Marsh     35,500,000 06/01/2018 Yes     5015 Campbell Boulevard Baltimore Baltimore
Property 26.02 Homewood Suites - Allentown West Fogelsville     24,000,000 06/01/2019 Yes     7686 Industrial Boulevard Allentown Lehigh
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores     23,500,000 06/01/2020 Yes     1302 Campus Parkway Wall Township Monmouth
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport     23,000,000 06/01/2018 Yes     7544 Teague Road Hanover Anne Arundel
Property 26.05 Homewood Suites - Dover Rockaway     18,000,000 06/01/2019 Yes     2 Commerce Center Drive Dover Morris
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) 0 1 956,000,000 04/23/2017 Yes 60.4% 60.4% Various Various Various
Property 27.01 Larkspur Landing Sunnyvale     52,100,000 04/23/2017 Yes     748 North Mathilda Avenue Sunnyvale Santa Clara
Property 27.02 Larkspur Landing Milpitas     43,900,000 04/23/2017 Yes     40 Ranch Drive Milpitas Santa Clara
Property 27.03 Larkspur Landing Campbell     38,600,000 04/23/2017 Yes     550 West Hamilton Avenue Campbell Santa Clara
Property 27.04 Larkspur Landing San Francisco     31,800,000 04/23/2017 Yes     690 Gateway Boulevard South San Francisco San Mateo
Property 27.05 Larkspur Landing Pleasanton     31,100,000 04/23/2017 Yes     5535 Johnson Drive Pleasanton Alameda
Property 27.06 Larkspur Landing Bellevue     27,700,000 04/23/2017 Yes     15805 Southeast 37th Street Bellevue King
Property 27.07 Larkspur Landing Sacramento     20,700,000 04/23/2017 Yes     555 Howe Avenue Sacramento Sacramento
Property 27.08 Hampton Inn Ann Arbor North     20,200,000 04/23/2017 Yes     2300 Green Road Ann Arbor Washtenaw
Property 27.09 Larkspur Landing Hillsboro     20,200,000 04/23/2017 Yes     3133 Northeast Shute Road Hillsboro Washington
Property 27.10 Larkspur Landing Renton     20,000,000 04/23/2017 Yes     1701 East Valley Road Renton King
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark     19,200,000 04/23/2017 Yes     1311 Wet N Wild Way Arlington Tarrant
Property 27.12 Residence Inn Toledo Maumee     19,000,000 04/23/2017 Yes     1370 Arrowhead Drive Maumee Lucas
Property 27.13 Residence Inn Williamsburg     18,200,000 04/23/2017 Yes     1648 Richmond Road Williamsburg Williamsburg City
Property 27.14 Hampton Inn Suites Waco South     16,800,000 04/23/2017 Yes     2501 Marketplace Drive Waco McLennan
Property 27.15 Holiday Inn Louisville Airport Fair Expo     16,500,000 04/23/2017 Yes     447 Farmington Avenue Louisville Jefferson
Property 27.16 Courtyard Tyler     16,200,000 04/23/2017 Yes     7424 South Broadway Avenue Tyler Smith
Property 27.17 Hilton Garden Inn Edison Raritan Center     16,200,000 04/23/2017 Yes     50 Raritan Center Parkway Edison Middlesex
Property 27.18 Hilton Garden Inn St Paul Oakdale     16,000,000 04/23/2017 Yes     420 Inwood Avenue North Oakdale Washington
Property 27.19 Residence Inn Grand Rapids West     15,800,000 04/23/2017 Yes     3451 Rivertown Point Court Southwest Grandville Kent
Property 27.20 Peoria, AZ Residence Inn     15,700,000 04/23/2017 Yes     8435 West Paradise Lane Peoria Maricopa
Property 27.21 Hampton Inn Suites Bloomington Normal     15,600,000 04/23/2017 Yes     320 South Towanda Avenue Normal McLean
Property 27.22 Courtyard Chico     15,300,000 04/23/2017 Yes     2481 Carmichael Drive Chico Butte
Property 27.23 Hampton Inn Suites Kokomo     14,800,000 04/23/2017 Yes     2920 South Reed Road Kokomo Howard
Property 27.24 Hampton Inn Suites South Bend     14,800,000 04/23/2017 Yes     52709 State Road 933 South Bend Saint Joseph
Property 27.25 Courtyard Wichita Falls     14,100,000 04/23/2017 Yes     3800 Tarry Street Wichita Falls Wichita
Property 27.26 Hampton Inn Morehead     13,700,000 04/23/2017 Yes     4035 Arendell Street Morehead City Carteret
Property 27.27 Residence Inn Chico     13,300,000 04/23/2017 Yes     2485 Carmichael Drive Chico Butte
Property 27.28 Courtyard Lufkin     12,700,000 04/23/2017 Yes     2130 South First Street Lufkin Angelina
Property 27.29 Hampton Inn Carlisle     12,600,000 04/23/2017 Yes     1164 Harrisburg Pike Carlisle Cumberland
Property 27.30 Springhill Suites Williamsburg     12,600,000 04/23/2017 Yes     1644 Richmond Road Williamsburg Williamsburg City
Property 27.31 Fairfield Inn Bloomington     12,500,000 04/23/2017 Yes     120 South Fairfield Drive Bloomington Monroe
Property 27.32 Waco Residence Inn     12,200,000 04/23/2017 Yes     501 South University Waco McLennan
Property 27.33 Holiday Inn Express Fishers     11,400,000 04/23/2017 Yes     9791 North by Northeast Boulevard Fishers Hamilton
Property 27.34 Larkspur Landing Folsom     11,100,000 04/23/2017 Yes     121 Iron Point Road Folsom Sacramento
Property 27.35 Springhill Suites Chicago Naperville Warrenville     10,500,000 04/23/2017 Yes     4305 Weaver Parkway Warrenville DuPage
Property 27.36 Holiday Inn Express & Suites Paris     10,400,000 04/23/2017 Yes     3025 Northeast Loop 286 Paris Lamar
Property 27.37 Toledo Homewood Suites     10,400,000 04/23/2017 Yes     1410 Arrowhead Drive Maumee Lucas
Property 27.38 Grand Rapids Homewood Suites     10,100,000 04/23/2017 Yes     3920 Stahl Drive Grand Rapids Kent
Property 27.39 Cheyenne Fairfield Inn and Suites     9,400,000 04/23/2017 Yes     1415 Stillwater Avenue Cheyenne Laramie
Property 27.40 Fairfield Inn Laurel     9,400,000 04/23/2017 Yes     13700 Baltimore Avenue Laurel Prince Georges
Property 27.41 Courtyard Akron Stow     9,200,000 04/23/2017 Yes     4047 Bridgewater Parkway Stow Summit
Property 27.42 Larkspur Landing Roseville     8,700,000 04/23/2017 Yes     1931 Taylor Road Roseville Placer
Property 27.43 Towneplace Suites Bloomington     8,700,000 04/23/2017 Yes     105 South Franklin Road Bloomington Monroe
Property 27.44 Hampton Inn Danville     8,600,000 04/23/2017 Yes     97 Old Valley School Road Danville Montour
Property 27.45 Holiday Inn Norwich     8,500,000 04/23/2017 Yes     10 Laura Boulevard Norwich New London
Property 27.46 Hampton Inn Suites Longview North     8,400,000 04/23/2017 Yes     3044 North Eastman Road Longview Gregg
Property 27.47 Springhill Suites Peoria Westlake     8,400,000 04/23/2017 Yes     2701 West Lake Avenue Peoria Peoria
Property 27.48 Hampton Inn Suites Buda     8,300,000 04/23/2017 Yes     1201 Cabelas Drive Buda Hays
Property 27.49 Shawnee Hampton Inn     8,300,000 04/23/2017 Yes     4851 North Kickapoo Shawnee Pottawatomie
Property 27.50 Racine Fairfield Inn     8,100,000 04/23/2017 Yes     6421 Washington Avenue Racine Racine
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam     7,900,000 04/23/2017 Yes     3 Stetler Avenue Shamokin Dam Snyder
Property 27.52 Holiday Inn Express & Suites Terrell     7,500,000 04/23/2017 Yes     300 Tanger Drive Terrell Kaufman
Property 27.53 Westchase Homewood Suites     9,800,000 04/23/2017 Yes     2424 Rogerdale Road Houston Harris
Property 27.54 Holiday Inn Express & Suites Tyler South     7,200,000 04/23/2017 Yes     2421 East Southeast Loop 323 Tyler Smith
Property 27.55 Holiday Inn Express & Suites Huntsville     6,900,000 04/23/2017 Yes     148 Interstate 45 South Huntsville Walker
Property 27.56 Hampton Inn Sweetwater     6,300,000 04/23/2017 Yes     302 Southeast Georgia Avenue Sweetwater Nolan
Property 27.57 Comfort Suites Buda Austin South     5,300,000 04/23/2017 Yes     15295 South Interstate 35 Building 800 Buda Hays
Property 27.58 Fairfield Inn & Suites Weatherford     5,000,000 04/23/2017 Yes     175 Alford Drive Weatherford Parker
Property 27.59 Holiday Inn Express & Suites Altus     4,600,000 04/23/2017 Yes     2812 East Broadway Altus Jackson
Property 27.60 Comfort Inn & Suites Paris     3,600,000 04/23/2017 Yes     3035 Northeast Loop 286 Paris Lamar
Property 27.61 Hampton Inn Suites Decatur     3,600,000 04/23/2017 Yes     110 South Highway 81/287 Decatur Wise
Property 27.62 Holiday Inn Express & Suites Texarkana East     4,100,000 04/23/2017 Yes     5210 Crossroads Parkway Texarkana Miller
Property 27.63 Mankato Fairfield Inn     3,600,000 04/23/2017 Yes     141 Apache Place Mankato Blue Earth
Property 27.64 Candlewood Suites Texarkana     2,600,000 04/23/2017 Yes     2901 South Cowhorn Creek Loop Texarkana Bowie
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East     3,200,000 04/23/2017 Yes     20611 Highway 59 Humble Harris

 

A-1-8

 

 

Benchmark 2018-B1

 

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

 

              FIRREA Cut-Off        
      Grace Payment Appraised Appraisal Compliant Date LTV LTV Ratio at      
Property Flag ID Property Name Period(13) Date Value ($)(14) As-of Date (Yes/No) Ratio(10)(14)(29) Maturity or ARD(10)(14)(29) Address City County
Loan 28 4400 PGA Boulevard(24) 0 6 19,150,000 07/26/2017 Yes 70.5% 60.2% 4400 PGA Boulevard Palm Beach Gardens Palm Beach
Loan 29 Honey Creek Marketplace 2 (Once per year) 1 20,700,000 10/27/2017 Yes 64.2% 58.9% 4444 South US Highway 41 Terre Haute Vigo
Loan 30 Metro Center V(24) 0 6 19,200,000 11/07/2017 Yes 67.2% 61.4% 655 Metro Place South Dublin Franklin
Loan 31 1114-1126 Lake Street 0 6 19,900,000 10/20/2017 Yes 64.3% 52.6% 1114-1126 Lake Street Oak Park Cook
Loan 32 William Penn Building 0 6 20,060,000 11/01/2017 Yes 52.3% 44.4% 501-515 F Street & 777-779 5th Avenue San Diego San Diego
Loan 33 Tri State Neighborhood Center 0 1 21,700,000 10/12/2017 Yes 45.2% 41.2% 10A State Route 23 Montague Sussex
Loan 34 Fairfield Inn & Suites - Panama City Beach 0 1 14,000,000 09/01/2017 Yes 69.9% 53.1% 7718 Front Beach Road Panama City Beach Bay
Loan 35 Hampton Inn & Suites Shelby 0 1 14,200,000 10/02/2017 Yes 66.9% 50.1% 2001-B East Dixon Boulevard Shelby Cleveland
Loan 36 Goodale Office(24) 0 6 12,720,000 08/30/2017 Yes 70.4% 61.5% 1400 & 1404 Goodale Boulevard Grandview Heights Franklin
Loan 37 Hampton Inn Glenwood Springs 0 1 12,000,000 10/01/2018 Yes 68.9% 56.9% 401 West 1st Street Glenwood Springs Garfield
Loan 38 Pick ‘n Save Appleton WI 0 6 11,500,000 10/27/2017 Yes 70.3% 57.2% 2700 North Ballard Road Appleton Outagamie
Loan 39 Fresenius Portfolio V 0 6 11,280,000 Various Yes 64.7% 59.3% Various Various Various
Property 39.01 Fresenius Dayton     5,230,000 05/04/2017 Yes     821 Edwin C Moses Boulevard Dayton Montgomery
Property 39.02 Fresenius Davenport     2,470,000 05/02/2017 Yes     120 Locust Street Davenport Scott
Property 39.03 Fresenius Rock Island     2,120,000 05/02/2017 Yes     2623 17th Street Rock Island Rock Island
Property 39.04 Fresenius Muscatine     1,460,000 05/02/2017 Yes     311 Parham Street Muscatine Muscatine
Loan 40 Village Square 0 6 15,000,000 06/09/2017 Yes 48.0% 48.0% 2220 Mountain Boulevard Oakland Alameda
Loan 41 Q-2 Self Storage 0 1 10,700,000 08/09/2017 Yes 60.7% 45.5% 3520 Chamberlain Lane Louisville Jefferson
Loan 42 Best Western Plus - Chalmette 0 1 8,000,000 09/19/2017 Yes 69.9% 53.1% 3400 Paris Road Chalmette Saint Bernard
Loan 43 Afton Village 0 6 7,250,000 10/03/2017 Yes 73.9% 55.1% 360 Exchange Street Northwest Concord Cabarrus
Loan 44 21st Century Storage - Miami, FL 0 6 7,675,000 10/19/2017 Yes 67.8% 55.1% 200 Northwest 79th Street and 7750 Northwest 2nd Avenue Miami Miami-Dade
Loan 45 Hillside Mobile Estates 0 6 20,540,000 10/10/2017 Yes 22.6% 18.3% 27701 Murrieta Road Sun City Riverside
Loan 46 Callahan Plaza 0 6 5,700,000 04/03/2017 Yes 70.5% 58.2% 450076 State Road 200 Callahan Nassau
Loan 47 CityLine PA Portfolio 0 6 5,990,000 11/03/2017 Yes 65.5% 57.5% Various Various Various
Property 47.01 Carlisle Self Storage     3,640,000 11/03/2017 Yes     906 Newville Road Carlisle Cumberland
Property 47.02 West Chocolate Self Storage     2,350,000 11/03/2017 Yes     1052 Old West Chocolate Avenue Hershey Dauphin
Loan 48 CityLine BeCubed 0 6 5,140,000 11/03/2017 Yes 69.6% 61.3% 22001 South 104th Avenue Frankfort Will
Loan 49 Marketplace on Grove 0 6 6,600,000 06/02/2017 Yes 53.0% 45.7% 1150 East Philadelphia Street Ontario San Bernardino

 

A-1-9

 

 

Benchmark 2018-B1

 

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

 

              Net Units Loan per Net             Second Most
          Year Year Rentable Area of Rentable Area   Prepayment Provisions Most Recent Operating Most Recent Most Recent Most Recent Recent Operating
Property Flag ID Property Name State Zip Code Built Renovated (SF/Units/Rooms/Beds/Pads)(4) Measure(4) (SF/Units/Rooms/Beds/Pads)($)(4)(10)   (# of payments)(15)(16)(17) Statements Date EGI ($) Expenses($) NOI($)(12) Statements Date(11)
Loan 1 90 Hudson(2) NJ 07302 1999 NAP 431,658 Sq. Ft. 301   L(25), YM1(1), DorYM1(91), O(3) 08/31/2017 17,523,356 6,269,492 11,253,864 12/31/2016
Loan 2 Valencia Town Center CA 91355 1995-2000 NAP 395,219 Sq. Ft. 147   L(25), D(90), O(5) 07/31/2017 16,700,058 8,805,905 7,894,153 12/31/2016
Loan 3 The Woods(2) CA 95136 1981-2003 2017 1,841 Units 108,637   L(25), DorYM1(28), O(7) 09/30/2017 45,252,611 15,408,547 29,844,064 12/31/2016
Loan 4 Griffin Portfolio(2) Various Various Various Various 3,708,698 Sq. Ft. 101   L(24), YM1(90), O(6) 06/30/2017 53,078,885 16,389,774 36,689,111 12/31/2016
Property 4.01 Restoration Hardware Distribution CA 95363 2015 NAP 1,501,387 Sq. Ft. 52     06/30/2017 8,028,759 1,995,571 6,033,188 12/31/2016
Property 4.02 State Farm Regional HQ GA 30346 1971, 1985 2012 584,785 Sq. Ft. 119     06/30/2017 11,675,335 4,275,112 7,400,223 12/31/2016
Property 4.03 North Pointe I OH 45069 2010 NAP 409,798 Sq. Ft. 97     06/30/2017 6,619,695 1,853,901 4,765,794 12/31/2016
Property 4.04 Corporate Campus at Norterra AZ 85085 2000 NAP 232,648 Sq. Ft. 168     06/30/2017 6,201,249 2,563,259 3,637,990 12/31/2016
Property 4.05 CHRISTUS Health HQ TX 75038 1997 NAP 253,340 Sq. Ft. 143     06/30/2017 6,149,427 2,691,404 3,458,023 12/31/2016
Property 4.06 Duke Bridges I TX 75034 2005 NAP 158,135 Sq. Ft. 174     06/30/2017 3,230,469 1,114,136 2,116,333 12/31/2016
Property 4.07 Wells Fargo Operations Center NC 28262 1984 2014 155,579 Sq. Ft. 173     06/30/2017 3,116,003 332,110 2,783,893 12/31/2016
Property 4.08 Ace Hardware HQ IL 60523 1974 2012 206,030 Sq. Ft. 110     06/30/2017 3,079,587 296,059 2,783,528 12/31/2016
Property 4.09 Royal Ridge V TX 75063 2004 NAP 119,611 Sq. Ft. 179     06/30/2017 2,885,615 1,007,695 1,877,920 12/31/2016
Property 4.10 Comcast Regional HQ WA 98087 2007 NAP 87,385 Sq. Ft. 161     06/30/2017 2,092,746 260,527 1,832,219 12/31/2016
Loan 5 Worldwide Plaza(2)(31)(32) NY 10019 1987 1996 2,049,553 Sq. Ft. 301   L(26), D(89), O(5) 06/30/2017 133,945,503 52,948,250 80,997,253 12/31/2016
Loan 6 Station Place III(2)(32) DC 20002 2009 NAP 517,653 Sq. Ft. 367   L(24), YM1(2), DorYM1(90), O(4) 07/31/2017 35,079,513 12,710,332 22,369,181 12/31/2016
Loan 7 Atrium Center(2) MA 02467 1986 2017 293,120 Sq. Ft. 392   L(13), YM1(103), O(4)          
Loan 8 Sentinel Square II(2) DC 20002 2017 NAP 280,363 Sq. Ft. 366   L(24), D(32), O(4)          
Loan 9 Spicetree Apartments MI 48108 1968 2017 551 Units 80,036   L(25), D(91), O(4) 10/31/2017 6,344,558 2,836,475 3,508,084 12/31/2016
Loan 10 Radisson Blu Aqua Hotel(2) IL 60601 2011 2016 334 Rooms 191,617   L(25), YM1(92), O(3) 08/31/2017 37,020,701 30,186,284 6,834,417 12/31/2016
Loan 11 8900 Beverly CA 90048 2012 NAP 54,790 Sq. Ft. 785   L(25), D(91), O(4) 09/30/2017 3,718,865 733,001 2,985,863 12/31/2016
Loan 12 Gateway Net Lease Portfolio(2) Various Various Various Various 5,296,943 Sq. Ft. 67   L(24), YM1(7), DorYM1(49), O(4)          
Property 12.01 BAE Facility IN 46809 2015 NAP 333,750 Sq. Ft. 88              
Property 12.02 FedEx Ground (Stratford) CT 06615 2016 NAP 225,198 Sq. Ft. 126              
Property 12.03 FedEx (Baltimore) MD 21219 2016 NAP 306,016 Sq. Ft. 85              
Property 12.04 Harman Becker MI 48377 2015 NAP 188,042 Sq. Ft. 110              
Property 12.05 GE Aviation (Lafayette) IN 47905 2015 NAP 306,406 Sq. Ft. 65              
Property 12.06 GoDaddy AZ 85284 2014 NAP 150,000 Sq. Ft. 117              
Property 12.07 Carrier TX 78264 2014 NAP 517,000 Sq. Ft. 33              
Property 12.08 Emerus TX 77381 2000 NAP 95,640 Sq. Ft. 147              
Property 12.09 Cardinal Health MI 48208 2015 NAP 275,951 Sq. Ft. 50              
Property 12.10 Tyco Electronics MN 55379 2014 NAP 176,648 Sq. Ft. 77              
Property 12.11 FCA/Caterpillar TX 78155 2012 NAP 300,000 Sq. Ft. 43              
Property 12.12 FedEx Ground (Staunton) VA 24401 2016 NAP 225,198 Sq. Ft. 48              
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park WI 53132 2006 NAP 205,000 Sq. Ft. 44              
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park WI 53132 2006 NAP 218,000 Sq. Ft. 41              
Property 12.15 T-Mobile Call Center AL 35211 1996 2014 66,500 Sq. Ft. 125              
Property 12.16 Sikorsky Aircraft R&D Facility TX 75261 2008 NAP 150,975 Sq. Ft. 53              
Property 12.17 Vatterott College MO 63134 2007 NAP 90,000 Sq. Ft. 83              
Property 12.18 Comcast FL 33913 2008 NAP 57,260 Sq. Ft. 117              
Property 12.19 Alfa Laval Plant VA 23231 1990 2005 180,252 Sq. Ft. 34              
Property 12.20 LKQ (New Braunfels) TX 78130 2016 NAP 98,771 Sq. Ft. 61              
Property 12.21 Hitachi TX 75063 2000 2012 72,056 Sq. Ft. 80              
Property 12.22 Cameron International PA 16933 2013 NAP 75,000 Sq. Ft. 73              
Property 12.23 Alliance Data Systems Office OH 43081 1990 2005 100,800 Sq. Ft. 51              
Property 12.24 Synchrony Financial FL 32779 1983 NAP 67,775 Sq. Ft. 71              
Property 12.25 Baxalta (Barry Pointe) MO 64158 2017 NAP 16,686 Sq. Ft. 222              
Property 12.26 Baxalta (Casselberry) FL 32707 2017 NAP 16,694 Sq. Ft. 211              
Property 12.27 Baxalta (Mounds View) MN 55112 2015 NAP 16,694 Sq. Ft. 200              
Property 12.28 Baxalta (Grand Rapids) MI 49546 2014 NAP 16,694 Sq. Ft. 199              
Property 12.29 Gerdau NV 89103 1986 2015 46,976 Sq. Ft. 71              
Property 12.30 Baxalta (Wausau) WI 54401 2015 NAP 16,694 Sq. Ft. 194              
Property 12.31 Baxalta (Springfield) MO 65807 2015 NAP 16,694 Sq. Ft. 188              
Property 12.32 LKQ (Salisbury) NC 28216 1960 2005 205,100 Sq. Ft. 15              
Property 12.33 Baxalta (Ankeny) IA 50021 2015 NAP 16,694 Sq. Ft. 178              
Property 12.34 H&E Equipment Services (San Antonio) TX 78220 2015 NAP 26,535 Sq. Ft. 98              
Property 12.35 H&E Equipment Services (New Orleans) LA 70126 2015 NAP 18,808 Sq. Ft. 130              
Property 12.36 GE Aviation (Pompano) FL 33069 1985 2012 30,892 Sq. Ft. 74              
Property 12.37 Saint-Gobain Warehouse AL 35654 2009, 2014 NAP 102,950 Sq. Ft. 20              
Property 12.38 H&E Equipment Services (Columbia) SC 29203 2015 NAP 19,380 Sq. Ft. 106              
Property 12.39 H&E Equipment Services (Yukon) OK 73099 2015 NAP 19,608 Sq. Ft. 103              
Property 12.40 LKQ (Toledo) OH 43612 1975, 2012 2013 207,998 Sq. Ft. 10              
Property 12.41 H&E Equipment Services (Greer) SC 29651 2015 NAP 19,608 Sq. Ft. 101              
Loan 13 Lehigh Valley Mall(2) PA 18052 1976 2006 545,233 Sq. Ft. 366   L(26), D(87), O(7) 08/31/2017 35,447,338 9,071,090 26,376,248 12/31/2016
Loan 14 Rochester Hotel Portfolio(2) MN Various Various Various 1,222 Rooms 114,566   L(26), D(89), O(5) 10/31/2017 53,183,313 36,352,376 16,830,937 12/31/2016
Property 14.01 Rochester Marriott MN 55902 1989 2016 202 Rooms 263,614     10/31/2017 15,999,093 9,865,112 6,133,981 12/31/2016
Property 14.02 Kahler Grand MN 55902 1927 2010 660 Rooms 76,515     10/31/2017 23,472,734 17,485,858 5,986,876 12/31/2016
Property 14.03 Kahler Inn & Suites MN 55901 1971, 1979, 1988 2010 271 Rooms 78,413     10/31/2017 9,532,268 6,505,102 3,027,166 12/31/2016
Property 14.04 Residence Inn Rochester MN 55902 2004 2013 89 Rooms 168,539     10/31/2017 4,179,218 2,496,305 1,682,913 12/31/2016
Loan 15 Oasis at Pavilion Park TX 79705 2016 NAP 336 Units 107,143   L(24), D(92), O(4) 09/30/2017 4,626,571 1,912,807 2,713,764 12/31/2016
Loan 16 521-523 East 72nd Street(2)(32) NY 10021 1920 1991 99,316 Sq. Ft. 856   L(29), D(85), O(6) 03/31/2017 9,378,321 3,466,478 5,911,843 12/31/2016
Loan 17 156-168 Bleecker NY 10012 1910 1986 29,415 Sq. Ft. 1,156   L(25), D(90), O(5) 08/31/2017 2,866,499 930,543 1,935,956 12/31/2016
Loan 18 Marriott Charlotte City Center(2) NC 28202 1984 2016 446 Rooms 230,942   L(31), D(22), O(7) 11/30/2017 38,143,721 25,249,161 12,894,561 12/31/2016
Loan 19 Miracle Mile Shopping Center(2) PA 15146 1954 2008 298,694 Sq. Ft. 187   L(27), D(88), O(5) 05/31/2017 7,764,193 2,002,764 5,761,429 12/31/2016
Loan 20 Center Promenade(24) CA 93003 1983 NAP 186,722 Sq. Ft. 119   L(24), D(89), O(7) 10/31/2017 3,567,533 1,430,111 2,137,422 06/30/2016
Loan 21 The Arbors NC 27604 1988, 1995, 1998 NAP 211,504 Sq. Ft. 100   L(25), YM2(91), O(4) 07/31/2017 3,679,653 1,171,031 2,508,622 12/31/2016

 

A-1-10

 

 

Benchmark 2018-B1

 

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

 

              Net Units Loan per Net             Second Most
          Year Year Rentable Area of Rentable Area   Prepayment Provisions Most Recent Operating Most Recent Most Recent Most Recent Recent Operating
Property Flag ID Property Name State Zip Code Built Renovated (SF/Units/Rooms/Beds/Pads)(4) Measure(4) (SF/Units/Rooms/Beds/Pads)($)(4)(10)   (# of payments)(15)(16)(17) Statements Date EGI ($) Expenses($) NOI($)(12) Statements Date(11)
Loan 22 Towers at University Town Center(2) MD 20782 2006 NAP 910 Beds 50,549   L(25), YM1(92), O(3) 09/30/2017 9,974,306 5,687,968 4,286,338 12/31/2016
Loan 23 Olive Park Shopping Center NC 27615 2017 NAP 63,332 Sq. Ft. 250   L(24), D(92), O(4)          
Loan 24 Two Harbor Point Square(2)(31) CT 06902 2010 NAP 140,082 Sq. Ft. 353   YM1(25), DorYM1(89), O(6) 08/31/2017 8,461,434 2,860,897 5,600,537 12/31/2016
Loan 25 Valley Crossing TX 78599 2010 NAP 75,228 Sq. Ft. 196   L(25), D(32), O(3) 10/31/2017 2,068,012 774,566 1,293,446 12/31/2016
Loan 26 AHIP Northeast Portfolio I(2) Various Various Various Various 612 Rooms 113,725   L(30), D(86), O(4) 03/31/2017 26,397,207 16,084,718 10,312,489 12/31/2016
Property 26.01 Hilton Garden Inn - Baltimore White Marsh MD 21236 1999 2014 155 Rooms 128,554     03/31/2017 7,679,911 4,749,871 2,930,040 12/31/2016
Property 26.02 Homewood Suites - Allentown West Fogelsville PA 18106 2010 NAP 108 Rooms 124,731     03/31/2017 4,789,228 2,748,018 2,041,210 12/31/2016
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores NJ 07753 2007 2014 113 Rooms 116,729     03/31/2017 4,789,159 2,967,446 1,821,713 12/31/2016
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport MD 21076 2006 2014 128 Rooms 100,857     03/31/2017 4,844,284 2,898,830 1,945,454 12/31/2016
Property 26.05 Homewood Suites - Dover Rockaway NJ 07801 2009 2016 108 Rooms 93,548     03/31/2017 4,294,625 2,720,553 1,574,072 12/31/2016
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) Various Various Various Various 6,366 Rooms 90,680   L(12), YM1(105), O(3) 03/31/2017 212,650,616 140,075,692 72,574,924 12/31/2016
Property 27.01 Larkspur Landing Sunnyvale CA 94085 2000 NAP 126 Rooms 270,381     03/31/2017 7,774,225 3,182,596 4,591,630 12/31/2016
Property 27.02 Larkspur Landing Milpitas CA 95035 1998 NAP 124 Rooms 231,501     03/31/2017 6,764,028 2,934,998 3,829,030 12/31/2016
Property 27.03 Larkspur Landing Campbell CA 95008 2000 NAP 117 Rooms 215,730     03/31/2017 6,059,570 2,757,497 3,302,074 12/31/2016
Property 27.04 Larkspur Landing San Francisco CA 94080 1999 NAP 111 Rooms 187,333     03/31/2017 5,697,514 3,243,028 2,454,486 12/31/2016
Property 27.05 Larkspur Landing Pleasanton CA 94588 1997 NAP 124 Rooms 164,002     03/31/2017 5,193,352 2,729,274 2,464,078 12/31/2016
Property 27.06 Larkspur Landing Bellevue WA 98006 1998 NAP 126 Rooms 143,754     03/31/2017 4,692,425 2,495,573 2,196,852 12/31/2016
Property 27.07 Larkspur Landing Sacramento CA 95825 1998 NAP 124 Rooms 109,159     03/31/2017 4,214,257 2,376,584 1,837,673 12/31/2016
Property 27.08 Hampton Inn Ann Arbor North MI 48105 1988 2015 129 Rooms 102,393     03/31/2017 4,826,301 2,931,510 1,894,791 12/31/2016
Property 27.09 Larkspur Landing Hillsboro OR 97124 1997 NAP 124 Rooms 106,522     03/31/2017 3,941,272 2,212,809 1,728,463 12/31/2016
Property 27.10 Larkspur Landing Renton WA 98057 1998 NAP 127 Rooms 102,976     03/31/2017 4,423,020 2,707,102 1,715,917 12/31/2016
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark TX 76011 2008 2013 147 Rooms 85,407     03/31/2017 5,568,856 4,003,041 1,565,815 12/31/2016
Property 27.12 Residence Inn Toledo Maumee OH 43537 2008 2016 108 Rooms 115,038     03/31/2017 4,066,425 2,577,284 1,489,141 12/31/2016
Property 27.13 Residence Inn Williamsburg VA 23185 1999 2012 108 Rooms 110,194     03/31/2017 3,955,706 2,577,258 1,378,448 12/31/2016
Property 27.14 Hampton Inn Suites Waco South TX 76711 2008 2013 123 Rooms 89,313     03/31/2017 4,293,844 2,857,582 1,436,261 12/31/2016
Property 27.15 Holiday Inn Louisville Airport Fair Expo KY 40209 2008 NAP 106 Rooms 101,786     03/31/2017 4,185,314 2,774,983 1,410,331 12/31/2016
Property 27.16 Courtyard Tyler TX 75703 2010 2016 121 Rooms 87,547     03/31/2017 3,341,364 2,071,232 1,270,131 12/31/2016
Property 27.17 Hilton Garden Inn Edison Raritan Center NJ 08837 2002 2014 132 Rooms 80,251     03/31/2017 5,848,958 4,501,494 1,347,464 12/31/2016
Property 27.18 Hilton Garden Inn St Paul Oakdale MN 55128 2005 2013 116 Rooms 90,193     03/31/2017 4,891,094 3,176,826 1,714,268 12/31/2016
Property 27.19 Residence Inn Grand Rapids West MI 49418 2000 2017 90 Rooms 114,795     03/31/2017 3,115,120 1,993,563 1,121,557 12/31/2016
Property 27.20 Peoria, AZ Residence Inn AZ 85382 1998 2013 90 Rooms 114,069     03/31/2017 3,248,248 2,073,979 1,174,268 12/31/2016
Property 27.21 Hampton Inn Suites Bloomington Normal IL 61761 2007 2015 128 Rooms 79,694     03/31/2017 3,738,690 2,323,067 1,415,623 12/31/2016
Property 27.22 Courtyard Chico CA 95928 2005 2015 90 Rooms 111,163     03/31/2017 3,850,184 2,409,784 1,440,399 12/31/2016
Property 27.23 Hampton Inn Suites Kokomo IN 46902 1997 2013 105 Rooms 92,168     03/31/2017 3,680,915 2,406,941 1,273,974 12/31/2016
Property 27.24 Hampton Inn Suites South Bend IN 46637 1997 2014 117 Rooms 82,715     03/31/2017 3,810,167 2,560,292 1,249,874 12/31/2016
Property 27.25 Courtyard Wichita Falls TX 76308 2009 2017 93 Rooms 99,139     03/31/2017 3,121,444 2,010,030 1,111,414 12/31/2016
Property 27.26 Hampton Inn Morehead NC 28557 1991 2017 118 Rooms 75,919     03/31/2017 3,154,358 2,044,468 1,109,890 12/31/2016
Property 27.27 Residence Inn Chico CA 95928 2005 2014 78 Rooms 111,498     03/31/2017 3,273,835 2,069,989 1,203,846 12/31/2016
Property 27.28 Courtyard Lufkin TX 75901 2009 2017 101 Rooms 82,223     03/31/2017 2,752,597 2,000,258 752,338 12/31/2016
Property 27.29 Hampton Inn Carlisle PA 17013 1997 2014 97 Rooms 84,939     03/31/2017 3,439,196 2,305,135 1,134,061 12/31/2016
Property 27.30 Springhill Suites Williamsburg VA 23185 2002 2012 120 Rooms 68,659     03/31/2017 3,361,902 2,469,058 892,843 12/31/2016
Property 27.31 Fairfield Inn Bloomington IN 47404 1995 2015 105 Rooms 77,845     03/31/2017 3,018,966 1,711,211 1,307,756 12/31/2016
Property 27.32 Waco Residence Inn TX 76706 1997 2012 78 Rooms 102,276     03/31/2017 3,136,682 2,208,764 927,918 12/31/2016
Property 27.33 Holiday Inn Express Fishers IN 46037 2000 2012 115 Rooms 64,821     03/31/2017 3,176,451 2,209,137 967,314 12/31/2016
Property 27.34 Larkspur Landing Folsom CA 95630 2000 NAP 84 Rooms 86,408     03/31/2017 2,902,483 2,029,275 873,208 12/31/2016
Property 27.35 Springhill Suites Chicago Naperville Warrenville IL 60555 1997 2013 128 Rooms 53,640     03/31/2017 3,321,573 2,613,848 707,725 12/31/2016
Property 27.36 Holiday Inn Express & Suites Paris TX 75460 2009 NAP 84 Rooms 80,959     03/31/2017 2,343,673 1,533,494 810,179 12/31/2016
Property 27.37 Toledo Homewood Suites OH 43537 1997 2014 78 Rooms 87,186     03/31/2017 2,929,714 1,970,860 958,854 12/31/2016
Property 27.38 Grand Rapids Homewood Suites MI 49546 1997 2013 78 Rooms 84,671     03/31/2017 3,009,146 2,254,528 754,618 12/31/2016
Property 27.39 Cheyenne Fairfield Inn and Suites WY 82009 1994 2013 60 Rooms 102,444     03/31/2017 1,961,942 1,198,541 763,401 12/31/2016
Property 27.40 Fairfield Inn Laurel MD 20707 1988 2013 109 Rooms 56,391     03/31/2017 3,127,939 2,454,865 673,074 12/31/2016
Property 27.41 Courtyard Akron Stow OH 44224 2005 2014 101 Rooms 59,563     03/31/2017 3,168,035 2,265,448 902,586 12/31/2016
Property 27.42 Larkspur Landing Roseville CA 95661 1999 NAP 90 Rooms 63,210     03/31/2017 2,851,065 2,050,973 800,092 12/31/2016
Property 27.43 Towneplace Suites Bloomington IN 47404 2000 2013 83 Rooms 68,541     03/31/2017 2,441,633 1,579,332 862,300 12/31/2016
Property 27.44 Hampton Inn Danville PA 17821 1998 2013 71 Rooms 79,204     03/31/2017 2,591,371 1,849,816 741,555 12/31/2016
Property 27.45 Holiday Inn Norwich CT 06360 1975 2013 135 Rooms 41,171     03/31/2017 4,801,904 4,023,218 778,687 12/31/2016
Property 27.46 Hampton Inn Suites Longview North TX 75605 2008 2013 91 Rooms 60,360     03/31/2017 2,322,688 1,660,639 662,049 12/31/2016
Property 27.47 Springhill Suites Peoria Westlake IL 61615 2000 2013 124 Rooms 44,296     03/31/2017 2,918,586 2,421,747 496,839 12/31/2016
Property 27.48 Hampton Inn Suites Buda TX 78610 2008 NAP 74 Rooms 73,343     03/31/2017 2,627,746 1,761,027 866,719 12/31/2016
Property 27.49 Shawnee Hampton Inn OK 74804 1996 2013 63 Rooms 86,148     03/31/2017 1,892,474 1,264,237 628,237 12/31/2016
Property 27.50 Racine Fairfield Inn WI 53406 1991 2016 62 Rooms 85,429     03/31/2017 1,812,261 1,199,377 612,885 12/31/2016
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam PA 17876 1996 2013 75 Rooms 68,877     03/31/2017 2,433,055 1,733,654 699,401 12/31/2016
Property 27.52 Holiday Inn Express & Suites Terrell TX 75160 2007 2013 68 Rooms 72,121     03/31/2017 2,149,392 1,533,271 616,121 12/31/2016
Property 27.53 Westchase Homewood Suites TX 77042 1998 2016 96 Rooms 49,446     03/31/2017 2,958,058 2,563,519 394,540 12/31/2016
Property 27.54 Holiday Inn Express & Suites Tyler South TX 75701 2000 2015 88 Rooms 53,501     03/31/2017 2,128,673 1,518,165 610,507 12/31/2016
Property 27.55 Holiday Inn Express & Suites Huntsville TX 77340 2008 2013 87 Rooms 51,861     03/31/2017 2,360,887 1,659,727 701,160 12/31/2016
Property 27.56 Hampton Inn Sweetwater TX 79556 2009 NAP 72 Rooms 57,216     03/31/2017 1,585,686 1,177,401 408,284 12/31/2016
Property 27.57 Comfort Suites Buda Austin South TX 78610 2009 NAP 72 Rooms 48,134     03/31/2017 2,082,208 1,530,153 552,056 12/31/2016
Property 27.58 Fairfield Inn & Suites Weatherford TX 76087 2009 2016 86 Rooms 38,017     03/31/2017 1,659,116 1,339,100 320,016 12/31/2016
Property 27.59 Holiday Inn Express & Suites Altus OK 73521 2008 2013 68 Rooms 38,961     03/31/2017 1,417,147 1,198,163 218,984 12/31/2016
Property 27.60 Comfort Inn & Suites Paris TX 75460 2009 NAP 56 Rooms 42,036     03/31/2017 1,157,262 900,440 256,821 12/31/2016
Property 27.61 Hampton Inn Suites Decatur TX 76234 2008 2013 74 Rooms 30,441     03/31/2017 1,550,317 1,362,365 187,952 12/31/2016
Property 27.62 Holiday Inn Express & Suites Texarkana East AR 71854 2009 NAP 88 Rooms 23,705     03/31/2017 1,638,961 1,463,932 175,029 12/31/2016
Property 27.63 Mankato Fairfield Inn MN 56001 1997 2016 61 Rooms 30,645     03/31/2017 1,236,472 1,080,742 155,731 12/31/2016
Property 27.64 Candlewood Suites Texarkana TX 75503 2009 2014 80 Rooms 18,066     03/31/2017 1,239,140 1,117,335 121,805 12/31/2016
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East TX 77338 2001 2017 62 Rooms 22,139     03/31/2017 413,730 860,149 -446,419 12/31/2016

 

A-1-11

 

 

Benchmark 2018-B1

 

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

 

              Net Units Loan per Net             Second Most
          Year Year Rentable Area of Rentable Area   Prepayment Provisions Most Recent Operating Most Recent Most Recent Most Recent Recent Operating
Property Flag ID Property Name State Zip Code Built Renovated (SF/Units/Rooms/Beds/Pads)(4) Measure(4) (SF/Units/Rooms/Beds/Pads)($)(4)(10)   (# of payments)(15)(16)(17) Statements Date EGI ($) Expenses($) NOI($)(12) Statements Date(11)
Loan 28 4400 PGA Boulevard(24) FL 33410 1989 2015 80,839 Sq. Ft. 167   L(27), D(89), O(4) 06/30/2017 2,215,474 735,302 1,480,172 12/31/2016
Loan 29 Honey Creek Marketplace IN 47802 2016 NAP 107,733 Sq. Ft. 123   L(25), YM1(32), O(3) 10/31/2017 1,643,319 230,268 1,413,051  
Loan 30 Metro Center V(24) OH 43017 1985 1999 215,571 Sq. Ft. 60   L(24), D(92), O(4) 09/30/2017 3,207,461 1,736,520 1,470,941 12/31/2016
Loan 31 1114-1126 Lake Street IL 60301 2006 NAP 63,317 Sq. Ft. 202   L(24), D(92), O(4) 09/30/2017 1,686,455 408,094 1,278,361 12/31/2016
Loan 32 William Penn Building CA 92101 1913 2016 27,200 Sq. Ft. 423   L(25), D(91), O(4) 06/30/2017 554,544 201,484 353,060  
Loan 33 Tri State Neighborhood Center NJ 07827 1969 2002 114,679 Sq. Ft. 85   L(25), YM1(56), O(3) 08/31/2017 2,043,587 649,686 1,393,901 12/31/2016
Loan 34 Fairfield Inn & Suites - Panama City Beach FL 32407 2016 NAP 109 Rooms 89,780   L(25), YM1(92), O(3) 09/30/2017 3,652,085 2,114,265 1,537,820  
Loan 35 Hampton Inn & Suites Shelby NC 28152 2015 NAP 86 Rooms 110,412   L(25), D(92), O(3) 09/30/2017 2,768,036 1,480,893 1,287,143 12/31/2016
Loan 36 Goodale Office(24) OH 43212 1955, 1986 2016 79,763 Sq. Ft. 112   L(27), D(89), O(4) 10/31/2017 752,631 446,403 306,228 12/31/2016
Loan 37 Hampton Inn Glenwood Springs CO 81601 1998 2010 70 Rooms 118,163   L(25), D(92), O(3) 10/31/2017 2,736,958 1,702,733 1,034,225 12/31/2016
Loan 38 Pick ‘n Save Appleton WI WI 54911 2004 NAP 65,313 Sq. Ft. 124   L(24), D(93), O(3) 09/30/2017 745,980 36,520 709,460 12/31/2016
Loan 39 Fresenius Portfolio V Various Various Various NAP 26,126 Sq. Ft. 279   L(30), D(87), O(3)          
Property 39.01 Fresenius Dayton OH 45417 2017 NAP 8,419 Sq. Ft. 404              
Property 39.02 Fresenius Davenport IA 52803 1995 NAP 7,048 Sq. Ft. 227              
Property 39.03 Fresenius Rock Island IL 61201 2009 NAP 6,050 Sq. Ft. 224              
Property 39.04 Fresenius Muscatine IA 52761 2010 NAP 4,609 Sq. Ft. 204              
Loan 40 Village Square CA 94611 1967 1988 36,047 Sq. Ft. 200   L(28), D(87), O(5) 04/30/2017 1,515,477 676,725 838,752 12/31/2016
Loan 41 Q-2 Self Storage KY 40241 2001 NAP 933 Units 6,956   L(25), YM1(93), O(2) 10/31/2017 1,399,320 689,792 709,528 12/31/2016
Loan 42 Best Western Plus - Chalmette LA 70043 2011 2017 65 Rooms 86,031   L(25), YM1(92), O(3) 09/30/2017 2,075,938 1,151,200 924,738 12/31/2016
Loan 43 Afton Village NC 28027 2002, 2012 NAP 29,764 Sq. Ft. 180   L(25), D(91), O(4) 08/31/2017 840,153 251,222 588,931 12/31/2016
Loan 44 21st Century Storage - Miami, FL FL 33150 1955 2003 649 Units 8,012   L(24), D(92), O(4) 10/31/2017 789,694 336,069 453,625 12/31/2016
Loan 45 Hillside Mobile Estates CA 92586 1983 NAP 276 Pads 16,828   L(25), D(91), O(4) 12/31/2016 1,978,945 797,876 1,181,069 12/31/2015
Loan 46 Callahan Plaza FL 32011 1973, 1986 2016 91,685 Sq. Ft. 44   L(31), D(86), O(3) 12/31/2016 433,241 146,866 286,375 12/31/2015
Loan 47 CityLine PA Portfolio PA Various Various Various 618 Units 6,351   L(24), D(92), O(4) 10/31/2017 604,177 217,158 387,019 12/31/2016
Property 47.01 Carlisle Self Storage PA 17013 1982, 2002 2016 420 Units 5,571     10/31/2017 362,753 136,274 226,479 12/31/2016
Property 47.02 West Chocolate Self Storage PA 17033 1992-2003 NAP 198 Units 8,005     10/31/2017 241,424 80,884 160,540 12/31/2016
Loan 48 CityLine BeCubed IL 60423 2004 NAP 293 Units 12,201   L(24), D(92), O(4) 10/31/2017 486,321 182,446 303,876 12/31/2016
Loan 49 Marketplace on Grove CA 91761 2007 NAP 14,225 Sq. Ft. 246   L(30), D(86), O(4) 05/31/2017 496,419 173,869 322,551 12/31/2016

 

A-1-12

 

 

Benchmark 2018-B1

 

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

 

      Second Second Second Third Most Third Third Third                  
      Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten
Property Flag ID Property Name EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield(29) Debt Yield(29)  Revenue($)  EGI($)  Expenses($)  NOI ($)(12)  Reserves($) TI/LC($) NCF ($)
Loan 1 90 Hudson(2) 14,583,373 6,926,876 7,656,497 12/31/2015 12,801,822 6,874,589 5,927,234 9.1% 8.6% 15,428,946 19,557,986 7,670,668 11,887,318 86,332 647,487 11,153,500
Loan 2 Valencia Town Center 17,293,148 8,846,125 8,447,024 12/31/2015 16,357,633 8,009,652 8,347,981 14.3% 13.3% 12,118,996 17,131,520 8,817,344 8,314,176 75,092 505,119 7,733,966
Loan 3 The Woods(2) 43,763,265 13,881,922 29,881,343 12/31/2015 41,350,694 13,735,060 27,615,634 15.2% 14.9% 48,924,026 45,252,611 14,939,344 30,313,267 460,250   29,853,017
Loan 4 Griffin Portfolio(2) 52,468,474 16,049,042 36,419,432 12/31/2015 37,692,649 10,913,927 26,778,722 10.2% 9.5% 58,699,148 54,906,442 16,595,713 38,310,729 591,601 2,066,126 35,653,002
Property 4.01 Restoration Hardware Distribution 7,922,342 1,735,336 6,187,006 12/31/2015 2,730,117 421,425 2,308,692     8,340,320 7,923,304 1,806,767 6,116,537 150,139 300,277 5,666,121
Property 4.02 State Farm Regional HQ 11,859,572 4,454,970 7,404,602 12/31/2015 7,175,683 2,325,157 4,850,526     14,129,303 12,485,699 4,833,549 7,652,150 116,957 467,828 7,067,365
Property 4.03 North Pointe I 6,772,011 1,906,212 4,865,800 12/31/2015 5,779,627 1,659,836 4,119,792     6,957,616 6,609,735 1,798,899 4,810,836 81,960 327,838 4,401,038
Property 4.04 Corporate Campus at Norterra 6,158,229 2,434,617 3,723,611 12/31/2015 5,931,856 2,366,863 3,564,993     6,600,174 6,336,045 2,530,233 3,805,812 46,530 186,118 3,573,164
Property 4.05 CHRISTUS Health HQ 6,124,702 2,679,469 3,445,233 12/31/2015 5,816,526 2,521,037 3,295,489     6,728,169 6,395,756 2,651,837 3,743,919 50,668 202,672 3,490,579
Property 4.06 Duke Bridges I 3,349,104 1,017,641 2,331,463 12/31/2015 1,945,910 628,705 1,317,205     4,423,482 4,202,308 1,106,492 3,095,816 31,627 126,508 2,937,681
Property 4.07 Wells Fargo Operations Center 3,043,730 391,963 2,651,767 12/31/2015 3,277,710 478,244 2,799,466     3,150,016 3,002,029 367,890 2,634,139 31,116 124,463 2,478,560
Property 4.08 Ace Hardware HQ 3,013,303 270,234 2,743,069 12/31/2015 3,031,467 264,608 2,766,860     3,155,937 2,998,140 328,603 2,669,537 41,206 164,824 2,463,507
Property 4.09 Royal Ridge V 2,152,998 874,647 1,278,351             3,194,153 3,034,446 915,275 2,119,171 23,922 95,689 1,999,560
Property 4.10 Comcast Regional HQ 2,072,482 283,952 1,788,530 12/31/2015 2,003,752 248,052 1,755,700     2,019,979 1,918,980 256,168 1,662,812 17,477 69,908 1,575,427
Loan 5 Worldwide Plaza(2)(31)(32) 135,449,920 52,275,875 83,174,046 12/31/2015 124,125,445 51,403,142 72,722,303 14.2% 13.8% 134,831,989 141,343,932 54,051,285 87,292,647 409,911 1,860,962 85,021,775
Loan 6 Station Place III(2)(32) 34,493,689 12,164,603 22,329,086 12/31/2015 34,131,273 12,060,025 22,071,248 11.9% 11.0% 25,986,269 35,992,988 13,463,618 22,529,370 103,531 1,619,218 20,806,621
Loan 7 Atrium Center(2)               8.2% 8.1% 11,466,733 13,100,668 3,634,080 9,466,588 43,968 117,248 9,305,372
Loan 8 Sentinel Square II(2)               9.0% 8.9% 13,817,100 13,947,826 4,756,435 9,191,391 70,091   9,121,300
Loan 9 Spicetree Apartments 5,003,279 2,655,900 2,347,379 12/31/2015 5,086,239 2,741,402 2,344,836 9.1% 8.8% 7,349,844 7,043,941 3,011,359 4,032,582 137,750   3,894,832
Loan 10 Radisson Blu Aqua Hotel(2) 36,403,410 29,544,903 6,858,507 12/31/2015 36,427,380 29,492,668 6,934,712 10.4% 10.4% 21,376,933 37,020,701 30,347,294 6,673,407     6,673,407
Loan 11 8900 Beverly 4,046,636 688,816 3,357,820 12/31/2015 4,148,263 792,873 3,355,390 9.0% 8.7% 3,926,574 4,432,868 732,471 3,700,397 12,663 109,200 3,578,534
Loan 12 Gateway Net Lease Portfolio(2)               14.1% 12.8% 53,930,697 79,004,104 29,231,519 49,772,586 781,904 3,909,520 45,081,162
Property 12.01 BAE Facility                   4,639,631 6,796,684 2,514,773 4,281,911 50,063 250,313 3,981,536
Property 12.02 FedEx Ground (Stratford)                   3,671,985 5,379,160 1,990,289 3,388,871 33,780 168,899 3,186,193
Property 12.03 FedEx (Baltimore)                   3,669,331 5,375,273 1,988,851 3,386,422 45,902 229,512 3,111,008
Property 12.04 Harman Becker                   3,677,437 5,387,147 1,993,244 3,393,902 28,206 141,032 3,224,665
Property 12.05 GE Aviation (Lafayette)                   2,907,375 4,259,069 1,575,856 2,683,213 45,961 229,805 2,407,448
Property 12.06 GoDaddy                   2,646,278 3,876,583 1,434,336 2,442,247 22,500 112,500 2,307,247
Property 12.07 Carrier                   2,365,720 3,465,588 1,282,268 2,183,320 76,880 384,398 1,722,043
Property 12.08 Emerus                   2,319,270 3,397,543 1,257,091 2,140,452 14,346 71,730 2,054,376
Property 12.09 Cardinal Health                   1,904,832 2,790,425 1,032,457 1,757,968 41,393 206,963 1,509,612
Property 12.10 Tyco Electronics                   2,001,559 2,932,121 1,084,885 1,847,237 26,497 132,486 1,688,253
Property 12.11 FCA/Caterpillar                   1,875,500 2,747,456 1,016,559 1,730,897 45,000 225,000 1,460,897
Property 12.12 FedEx Ground (Staunton)                   1,495,523 2,190,820 810,603 1,380,217 33,780 168,899 1,177,538
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park                   1,239,000 1,815,035 671,563 1,143,472 31,500 157,500 954,472
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park                   1,227,200 1,797,749 665,167 1,132,582 31,200 156,000 945,382
Property 12.15 T-Mobile Call Center                   1,230,101 1,801,998 666,739 1,135,259 9,975 49,875 1,075,409
Property 12.16 Sikorsky Aircraft R&D Facility                   1,268,452 1,858,180 687,527 1,170,653 22,646 113,231 1,034,776
Property 12.17 Vatterott College                   1,452,182 2,127,329 787,112 1,340,217 13,500 67,500 1,259,217
Property 12.18 Comcast                   1,137,828 1,666,826 616,725 1,050,100 8,589 42,945 998,566
Property 12.19 Alfa Laval Plant                   1,168,393 1,711,602 633,293 1,078,309 27,038 135,189 916,082
Property 12.20 LKQ (New Braunfels)                   988,297 1,447,775 535,677 912,098 15,054 75,268 821,777
Property 12.21 Hitachi                   936,020 1,371,194 507,342 863,852 10,808 54,042 799,002
Property 12.22 Cameron International                   1,105,181 1,619,001 599,030 1,019,971 11,228 56,138 952,606
Property 12.23 Alliance Data Systems Office                   952,812 1,395,792 516,443 879,349 15,120 75,600 788,629
Property 12.24 Synchrony Financial                   746,131 1,093,022 404,418 688,604 10,166 50,831 627,606
Property 12.25 Baxalta (Barry Pointe)                   494,983 725,110 268,291 456,819 2,502 12,510 441,807
Property 12.26 Baxalta (Casselberry)                   498,433 730,164 270,161 460,003 2,504 12,521 444,979
Property 12.27 Baxalta (Mounds View)                   481,321 705,097 260,886 444,211 2,502 12,510 429,199
Property 12.28 Baxalta (Grand Rapids)                   482,604 706,976 261,581 445,395 2,504 12,519 430,372
Property 12.29 Gerdau                   625,268 915,967 338,908 577,059 7,046 35,232 534,781
Property 12.30 Baxalta (Wausau)                   447,618 655,724 242,618 413,106 2,502 12,512 398,093
Property 12.31 Baxalta (Springfield)                   451,180 660,942 244,548 416,393 2,504 12,521 401,369
Property 12.32 LKQ (Salisbury)                   477,980 700,201 259,074 441,127 26,018 130,091 285,018
Property 12.33 Baxalta (Ankeny)                   424,236 621,471 229,944 391,527 2,516 12,579 376,432
Property 12.34 H&E Equipment Services (San Antonio)                   419,391 614,375 227,319 387,056 3,980 19,901 363,174
Property 12.35 H&E Equipment Services (New Orleans)                   421,512 617,481 228,468 389,013 2,821 14,106 372,086
Property 12.36 GE Aviation (Pompano)                   381,958 559,537 207,029 352,508 4,634 23,169 324,706
Property 12.37 Saint-Gobain Warehouse                   384,142 562,737 208,213 354,525 15,443 77,213 261,870
Property 12.38 H&E Equipment Services (Columbia)                   331,471 485,579 179,664 305,915 2,907 14,535 288,473
Property 12.39 H&E Equipment Services (Yukon)                   324,105 474,788 175,672 299,117 2,941 14,706 281,469
Property 12.40 LKQ (Toledo)                   324,000 474,634 175,614 299,019 24,508 122,538 151,974
Property 12.41 H&E Equipment Services (Greer)                   334,455 489,950 181,281 308,668 2,941 14,706 291,021
Loan 13 Lehigh Valley Mall(2) 36,598,789 9,104,230 27,494,559 12/31/2015 36,151,146 9,508,909 26,642,237 12.5% 12.0% 22,940,810 33,855,087 8,922,902 24,932,185 81,785 923,571 23,926,829
Loan 14 Rochester Hotel Portfolio(2) 50,784,977 34,182,827 16,602,150 12/31/2015 53,401,673 35,171,246 18,230,427 12.2% 10.3% 39,693,021 53,040,505 36,019,617 17,020,888 2,652,025   14,368,863
Property 14.01 Rochester Marriott 14,701,586 9,533,258 5,168,328 12/31/2015 15,149,227 9,696,257 5,452,970     12,638,089 15,961,504 9,794,712 6,166,792 798,075   5,368,717
Property 14.02 Kahler Grand 22,864,086 16,400,066 6,464,020 12/31/2015 24,156,924 17,148,646 7,008,278     15,161,946 23,335,384 17,188,687 6,146,697 1,166,769   4,979,928
Property 14.03 Kahler Inn & Suites 9,108,767 5,876,995 3,231,772 12/31/2015 9,897,879 6,007,663 3,890,216     8,011,300 9,563,555 6,519,673 3,043,882 478,178   2,565,704
Property 14.04 Residence Inn Rochester 4,110,538 2,372,509 1,738,029 12/31/2015 4,197,643 2,318,680 1,878,963     3,881,686 4,180,061 2,516,545 1,663,516 209,003   1,454,513
Loan 15 Oasis at Pavilion Park 1,286,917 1,107,227 179,689         11.3% 11.1% 6,909,168 6,452,368 2,386,886 4,065,482 84,000   3,981,482
Loan 16 521-523 East 72nd Street(2)(32) 9,358,583 3,495,553 5,863,030 12/31/2015 9,228,677 3,434,856 5,793,821 7.8% 7.7% 9,730,119 10,210,206 3,538,075 6,672,131 24,829 70,785 6,576,517
Loan 17 156-168 Bleecker 2,477,022 952,665 1,524,357 12/31/2015 2,248,791 774,791 1,473,999 7.4% 7.3% 3,355,751 3,402,188 891,930 2,510,257 5,001 29,415 2,475,842
Loan 18 Marriott Charlotte City Center(2) 27,952,972 21,440,455 6,512,516 12/31/2015 21,077,342 17,943,131 3,134,211 12.7% 12.7% 26,681,904 38,398,103 25,326,107 13,071,996     13,071,996
Loan 19 Miracle Mile Shopping Center(2) 7,595,231 1,995,448 5,599,783 12/31/2015 7,367,263 1,942,807 5,424,456 9.7% 8.9% 6,010,761 7,457,681 2,038,713 5,418,968 59,739 392,623 4,966,606
Loan 20 Center Promenade(24) 3,205,522 1,581,492 1,624,030 12/31/2015 2,886,927 1,733,404 1,153,523 12.3% 11.1% 4,697,038 4,182,528 1,458,868 2,723,660 29,876 224,028 2,469,757
Loan 21 The Arbors 3,246,585 1,207,286 2,039,298 12/31/2015 1,604,030 1,182,412 421,618 11.6% 10.5% 3,947,029 3,696,889 1,243,089 2,453,800 42,301 185,000 2,226,499

 

A-1-13

 

 

Benchmark 2018-B1

 

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

 

      Second Second Second Third Most Third Third Third                  
      Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten
Property Flag ID Property Name EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield(29) Debt Yield(29)  Revenue($)  EGI($)  Expenses($)  NOI ($)(12)  Reserves($) TI/LC($) NCF ($)
Loan 22 Towers at University Town Center(2) 9,750,923 5,585,915 4,165,008 12/31/2015 9,147,129 5,208,909 3,938,221 9.8% 9.5% 9,857,472 10,141,347 5,620,222 4,521,125 136,500   4,384,625
Loan 23 Olive Park Shopping Center               8.3% 7.9% 1,695,189 1,610,429 301,961 1,308,468 9,500 44,972 1,253,997
Loan 24 Two Harbor Point Square(2)(31) 7,239,818 2,768,193 4,471,625 12/31/2015 6,614,751 2,707,642 3,907,109 11.3% 10.5% 9,272,273 8,505,541 2,900,766 5,604,774 28,016 382,312 5,194,446
Loan 25 Valley Crossing 2,058,036 698,307 1,359,729 12/31/2015 2,203,957 687,612 1,516,345 9.6% 9.1% 1,650,401 2,087,841 673,417 1,414,424 11,284 68,922 1,334,218
Loan 26 AHIP Northeast Portfolio I(2) 26,482,713 16,070,837 10,411,876 12/31/2015 25,152,598 15,575,629 9,576,969 14.0% 12.5% 23,306,616 25,731,586 15,974,234 9,757,352 1,029,263   8,728,088
Property 26.01 Hilton Garden Inn - Baltimore White Marsh 7,744,783 4,745,652 2,999,131 12/31/2015 7,351,051 4,768,631 2,582,420     5,942,770 7,460,708 4,706,709 2,753,999 298,428   2,455,571
Property 26.02 Homewood Suites - Allentown West Fogelsville 4,804,471 2,748,708 2,055,763 12/31/2015 4,448,769 2,599,909 1,848,860     4,527,034 4,618,063 2,722,893 1,895,170 184,723   1,710,447
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores 4,818,338 2,933,888 1,884,450 12/31/2015 4,525,569 2,720,516 1,805,053     4,120,274 4,652,185 2,944,685 1,707,500 186,087   1,521,413
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport 4,897,407 2,915,050 1,982,357 12/31/2015 4,869,945 2,828,410 2,041,535     4,673,352 4,872,320 2,924,609 1,947,710 194,893   1,752,817
Property 26.05 Homewood Suites - Dover Rockaway 4,217,714 2,727,539 1,490,175 12/31/2015 3,957,264 2,658,163 1,299,101     4,043,185 4,128,310 2,675,338 1,452,972 165,132   1,287,840
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) 214,236,030 139,766,633 74,469,397 12/31/2015 210,181,276 136,174,637 74,006,639 12.4% 12.4% 206,046,538 213,600,210 142,270,818 71,329,392     71,329,392
Property 27.01 Larkspur Landing Sunnyvale 7,817,367 3,196,232 4,621,136 12/31/2015 7,402,221 3,043,842 4,358,379     7,692,961 7,774,225 3,602,265 4,171,961     4,171,961
Property 27.02 Larkspur Landing Milpitas 6,748,863 2,919,223 3,829,640 12/31/2015 6,284,848 2,765,694 3,519,154     6,704,375 6,764,028 3,201,871 3,562,157     3,562,157
Property 27.03 Larkspur Landing Campbell 6,251,271 2,837,671 3,413,600 12/31/2015 5,892,933 2,614,126 3,278,807     5,995,387 6,059,570 2,860,144 3,199,426     3,199,426
Property 27.04 Larkspur Landing San Francisco 5,905,601 3,162,141 2,743,461 12/31/2015 5,806,373 3,043,071 2,763,303     5,660,039 5,697,514 3,270,929 2,426,585     2,426,585
Property 27.05 Larkspur Landing Pleasanton 5,319,602 2,764,545 2,555,057 12/31/2015 4,880,674 2,567,319 2,313,355     5,146,658 5,193,352 2,754,991 2,438,362     2,438,362
Property 27.06 Larkspur Landing Bellevue 4,726,484 2,501,374 2,225,110 12/31/2015 4,615,653 2,539,918 2,075,735     4,653,078 4,692,425 2,518,899 2,173,526     2,173,526
Property 27.07 Larkspur Landing Sacramento 4,200,451 2,369,171 1,831,280 12/31/2015 4,176,563 2,318,331 1,858,232     4,159,422 4,214,257 2,397,345 1,816,912     1,816,912
Property 27.08 Hampton Inn Ann Arbor North 4,956,425 2,996,409 1,960,016 12/31/2015 4,678,954 2,774,233 1,904,721     4,753,475 4,826,301 2,990,175 1,836,126     1,836,126
Property 27.09 Larkspur Landing Hillsboro 4,016,848 2,189,946 1,826,902 12/31/2015 3,915,128 2,027,124 1,888,005     3,882,838 3,941,272 2,232,510 1,708,763     1,708,763
Property 27.10 Larkspur Landing Renton 4,349,218 2,659,463 1,689,754 12/31/2015 4,324,596 2,570,888 1,753,708     4,355,876 4,423,020 2,728,888 1,694,132     1,694,132
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark 5,505,741 3,984,588 1,521,153 12/31/2015 5,424,474 3,999,092 1,425,382     4,845,606 5,568,856 4,031,609 1,537,247     1,537,247
Property 27.12 Residence Inn Toledo Maumee 3,998,051 2,569,850 1,428,201 12/31/2015 3,874,115 2,579,170 1,294,945     3,981,238 4,066,425 2,597,554 1,468,871     1,468,871
Property 27.13 Residence Inn Williamsburg 4,098,296 2,645,877 1,452,419 12/31/2015 3,685,293 2,398,382 1,286,911     3,844,992 3,955,706 2,596,962 1,358,744     1,358,744
Property 27.14 Hampton Inn Suites Waco South 4,293,352 2,832,923 1,460,429 12/31/2015 4,247,264 2,754,599 1,492,665     4,212,799 4,293,844 2,879,053 1,414,791     1,414,791
Property 27.15 Holiday Inn Louisville Airport Fair Expo 4,308,290 2,810,936 1,497,354 12/31/2015 4,124,662 2,659,301 1,465,361     3,834,678 4,185,314 2,796,547 1,388,767     1,388,767
Property 27.16 Courtyard Tyler 3,429,564 2,089,629 1,339,935 12/31/2015 3,919,126 2,220,154 1,698,971     2,787,105 3,341,364 2,088,004 1,253,360     1,253,360
Property 27.17 Hilton Garden Inn Edison Raritan Center 5,761,789 4,454,017 1,307,772 12/31/2015 5,493,273 4,439,380 1,053,893     4,758,140 5,848,958 4,531,561 1,317,397     1,317,397
Property 27.18 Hilton Garden Inn St Paul Oakdale 4,983,720 3,192,469 1,791,252 12/31/2015 4,711,861 3,108,429 1,603,432     4,538,271 4,891,094 3,201,247 1,689,847     1,689,847
Property 27.19 Residence Inn Grand Rapids West 3,310,952 2,018,261 1,292,691 12/31/2015 3,062,200 1,923,049 1,139,151     3,086,635 3,115,120 2,008,993 1,106,127     1,106,127
Property 27.20 Peoria, AZ Residence Inn 3,292,301 2,053,732 1,238,569 12/31/2015 3,187,787 2,012,469 1,175,318     3,204,243 3,248,248 2,090,221 1,158,027     1,158,027
Property 27.21 Hampton Inn Suites Bloomington Normal 3,759,689 2,340,772 1,418,917 12/31/2015 4,022,171 2,458,126 1,564,044     3,688,566 3,738,690 2,341,747 1,396,943     1,396,943
Property 27.22 Courtyard Chico 3,812,434 2,381,258 1,431,176 12/31/2015 3,178,650 2,087,242 1,091,408     3,601,746 3,850,184 2,410,998 1,439,185     1,439,185
Property 27.23 Hampton Inn Suites Kokomo 3,744,550 2,431,095 1,313,454 12/31/2015 3,524,349 2,357,841 1,166,508     3,636,411 3,680,915 2,425,349 1,255,566     1,255,566
Property 27.24 Hampton Inn Suites South Bend 3,779,982 2,535,257 1,244,725 12/31/2015 3,424,014 2,329,908 1,094,106     3,766,272 3,810,167 2,577,957 1,232,210     1,232,210
Property 27.25 Courtyard Wichita Falls 3,055,163 1,967,538 1,087,624 12/31/2015 2,944,157 1,949,071 995,086     2,876,375 3,121,444 2,025,834 1,095,610     1,095,610
Property 27.26 Hampton Inn Morehead 3,140,885 2,029,198 1,111,688 12/31/2015 2,908,105 1,894,889 1,013,216     3,105,265 3,154,358 2,060,293 1,094,065     1,094,065
Property 27.27 Residence Inn Chico 3,230,070 2,003,854 1,226,216 12/31/2015 3,017,201 1,895,739 1,121,462     3,235,376 3,273,835 2,065,656 1,208,180     1,208,180
Property 27.28 Courtyard Lufkin 2,938,698 2,065,448 873,250 12/31/2015 3,391,091 2,179,605 1,211,486     2,507,171 2,752,597 2,014,311 738,285     738,285
Property 27.29 Hampton Inn Carlisle 3,524,239 2,363,148 1,161,091 12/31/2015 3,477,412 2,258,369 1,219,043     3,410,773 3,439,196 2,322,290 1,116,905     1,116,905
Property 27.30 Springhill Suites Williamsburg 3,440,078 2,462,690 977,388 12/31/2015 3,204,858 2,304,606 900,252     3,324,171 3,361,902 2,485,794 876,108     876,108
Property 27.31 Fairfield Inn Bloomington 2,956,451 1,695,639 1,260,812 12/31/2015 2,237,500 1,653,149 584,352     3,003,999 3,018,966 1,747,736 1,271,230     1,271,230
Property 27.32 Waco Residence Inn 3,115,712 2,129,416 986,296 12/31/2015 2,926,457 2,041,322 885,135     3,102,600 3,136,682 2,224,447 912,234     912,234
Property 27.33 Holiday Inn Express Fishers 3,132,794 2,184,957 947,837 12/31/2015 2,880,638 1,935,320 945,318     3,130,791 3,176,451 2,225,023 951,428     951,428
Property 27.34 Larkspur Landing Folsom 2,893,984 2,022,130 871,854 12/31/2015 2,842,366 1,914,516 927,850     2,862,154 2,902,483 2,043,619 858,864     858,864
Property 27.35 Springhill Suites Chicago Naperville Warrenville 3,229,904 2,567,803 662,101 12/31/2015 3,334,536 2,615,422 719,114     3,216,804 3,321,573 2,653,751 667,822     667,822
Property 27.36 Holiday Inn Express & Suites Paris 2,339,461 1,515,400 824,061 12/31/2015 2,256,662 1,456,462 800,200     2,319,291 2,343,673 1,545,193 798,480     798,480
Property 27.37 Toledo Homewood Suites 2,879,994 1,999,558 880,436 12/31/2015 2,585,574 1,880,413 705,161     2,884,834 2,929,714 1,985,509 944,205     944,205
Property 27.38 Grand Rapids Homewood Suites 3,082,919 2,206,236 876,683 12/31/2015 3,044,043 2,141,853 902,190     2,983,568 3,009,146 2,269,574 739,572     739,572
Property 27.39 Cheyenne Fairfield Inn and Suites 2,069,004 1,233,313 835,692 12/31/2015 2,184,113 1,274,027 910,086     1,943,430 1,961,942 1,208,351 753,591     753,591
Property 27.40 Fairfield Inn Laurel 3,060,436 2,430,414 630,022 12/31/2015 2,980,035 2,319,285 660,749     3,097,898 3,127,939 2,470,469 657,471     657,471
Property 27.41 Courtyard Akron Stow 3,339,430 2,310,440 1,028,990 12/31/2015 3,378,668 2,167,968 1,210,700     2,871,154 3,168,035 2,281,919 886,115     886,115
Property 27.42 Larkspur Landing Roseville 2,791,909 2,028,202 763,707 12/31/2015 2,792,081 1,987,238 804,842     2,778,996 2,851,065 2,064,916 786,149     786,149
Property 27.43 Towneplace Suites Bloomington 2,355,692 1,515,451 840,241 12/31/2015 1,990,897 1,378,491 612,406     2,432,714 2,441,633 1,591,528 850,105     850,105
Property 27.44 Hampton Inn Danville 2,521,595 1,800,163 721,433 12/31/2015 2,301,578 1,688,631 612,946     2,575,775 2,591,371 1,862,762 728,609     728,609
Property 27.45 Holiday Inn Norwich 4,825,972 4,034,355 791,617 12/31/2015 4,347,308 3,741,178 606,130     3,670,682 4,801,904 4,049,772 752,132     752,132
Property 27.46 Hampton Inn Suites Longview North 2,373,357 1,694,366 678,991 12/31/2015 3,058,158 1,867,316 1,190,842     2,258,345 2,322,688 1,672,245 650,443     650,443
Property 27.47 Springhill Suites Peoria Westlake 2,854,364 2,384,615 469,749 12/31/2015 3,126,977 2,492,033 634,944     2,872,443 2,918,586 2,448,540 470,046     470,046
Property 27.48 Hampton Inn Suites Buda 2,680,752 1,780,820 899,932 12/31/2015 2,802,930 1,805,221 997,709     2,592,101 2,627,746 1,774,143 853,603     853,603
Property 27.49 Shawnee Hampton Inn 1,890,630 1,254,672 635,957 12/31/2015 1,834,041 1,262,710 571,331     1,885,219 1,892,474 1,273,699 618,775     618,775
Property 27.50 Racine Fairfield Inn 1,800,048 1,203,878 596,170 12/31/2015 1,757,437 1,159,991 597,446     1,797,940 1,812,261 1,208,438 603,823     603,823
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam 2,342,011 1,691,679 650,333 12/31/2015 2,166,585 1,511,366 655,218     2,424,506 2,433,055 1,745,776 687,279     687,279
Property 27.52 Holiday Inn Express & Suites Terrell 2,116,706 1,494,300 622,406 12/31/2015 2,004,889 1,411,915 592,974     2,127,244 2,149,392 1,543,906 605,485     605,485
Property 27.53 Westchase Homewood Suites 3,210,256 2,668,409 541,847 12/31/2015 4,364,744 3,053,944 1,310,801     2,921,112 2,958,058 2,578,316 379,742     379,742
Property 27.54 Holiday Inn Express & Suites Tyler South 2,077,217 1,500,505 576,713 12/31/2015 2,201,486 1,542,169 659,318     2,078,293 2,128,673 1,528,792 599,880     599,880
Property 27.55 Holiday Inn Express & Suites Huntsville 2,407,786 1,674,172 733,614 12/31/2015 3,196,798 1,860,283 1,336,515     2,326,533 2,360,887 1,671,501 689,387     689,387
Property 27.56 Hampton Inn Sweetwater 1,725,603 1,225,261 500,342 12/31/2015 2,002,056 1,401,720 600,336     1,569,671 1,585,686 1,185,317 400,369     400,369
Property 27.57 Comfort Suites Buda Austin South 2,074,254 1,519,552 554,702 12/31/2015 2,032,396 1,501,547 530,849     1,983,015 2,082,208 1,540,640 541,569     541,569
Property 27.58 Fairfield Inn & Suites Weatherford 1,543,315 1,276,569 266,746 12/31/2015 1,465,030 1,177,226 287,804     1,623,598 1,659,116 1,347,398 311,718     311,718
Property 27.59 Holiday Inn Express & Suites Altus 1,422,396 1,182,112 240,285 12/31/2015 1,322,219 1,123,647 198,572     1,401,614 1,417,147 1,205,199 211,948     211,948
Property 27.60 Comfort Inn & Suites Paris 1,161,068 884,258 276,810 12/31/2015 1,058,458 812,594 245,864     1,152,735 1,157,262 906,202 251,060     251,060
Property 27.61 Hampton Inn Suites Decatur 1,547,032 1,330,723 216,309 12/31/2015 1,669,635 1,341,281 328,354     1,537,982 1,550,317 1,370,105 180,212     180,212
Property 27.62 Holiday Inn Express & Suites Texarkana East 1,621,549 1,440,815 180,734 12/31/2015 1,496,353 1,347,419 148,934     1,611,852 1,638,961 1,472,078 166,883     166,883
Property 27.63 Mankato Fairfield Inn 1,222,539 1,043,308 179,231 12/31/2015 1,247,365 1,021,766 225,599     1,224,150 1,236,472 1,086,924 149,548     149,548
Property 27.64 Candlewood Suites Texarkana 1,270,187 1,104,763 165,424 12/31/2015 1,127,933 964,547 163,386     1,198,407 1,239,140 1,123,516 115,624     115,624
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East 599,729 909,669 -309,940 12/31/2015 1,363,324 1,246,696 116,629     1,335,142 1,363,324 1,253,517 109,807     109,807

 

A-1-14

 

 

Benchmark 2018-B1

 

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

 

      Second Second Second Third Most Third Third Third                  
      Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten
Property Flag ID Property Name EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield(29) Debt Yield(29)  Revenue($)  EGI($)  Expenses($)  NOI ($)(12)  Reserves($) TI/LC($) NCF ($)
Loan 28 4400 PGA Boulevard(24) 1,522,338 733,407 788,931 12/31/2015 1,211,188 723,933 487,255 11.2% 10.1% 2,374,033 2,389,161 882,514 1,506,647 16,168 122,000 1,368,479
Loan 29 Honey Creek Marketplace               11.2% 10.5% 1,604,182 2,061,481 578,779 1,482,702 16,160 74,392 1,392,150
Loan 30 Metro Center V(24) 2,761,145 1,433,686 1,327,459 NAV NAV NAV NAV 13.5% 11.5% 2,462,052 3,310,606 1,570,095 1,740,511 53,893 200,302 1,486,316
Loan 31 1114-1126 Lake Street 1,598,920 434,743 1,164,176 12/31/2015 1,419,025 257,008 1,162,017 9.1% 8.6% 1,708,564 1,541,124 448,963 1,092,161 9,498 53,216 1,029,448
Loan 32 William Penn Building               10.3% 10.1% 1,439,329 1,367,363 285,462 1,081,901 7,120 10,600 1,064,181
Loan 33 Tri State Neighborhood Center 1,925,541 620,896 1,304,645 12/31/2015 1,842,496 633,981 1,208,515 13.2% 11.8% 1,535,101 1,984,265 689,269 1,294,996 22,936 114,679 1,157,381
Loan 34 Fairfield Inn & Suites - Panama City Beach               15.4% 15.4% 3,614,501 3,652,085 2,142,883 1,509,202     1,509,202
Loan 35 Hampton Inn & Suites Shelby 2,663,170 1,452,845 1,210,325         13.1% 13.1% 2,753,614 2,768,036 1,528,380 1,239,656     1,239,656
Loan 36 Goodale Office(24) 374,095 275,279 98,816 12/31/2015 1,595,953 569,972 1,025,981 11.1% 10.1% 1,074,798 1,854,208 860,118 994,090 15,953 75,000 903,137
Loan 37 Hampton Inn Glenwood Springs 2,708,353 1,680,496 1,027,857 12/31/2015 2,616,541 1,623,893 992,648 12.5% 12.5% 2,713,929 2,736,958 1,704,470 1,032,488     1,032,488
Loan 38 Pick ‘n Save Appleton WI 737,959 10,102 727,857         8.6% 8.2% 745,980 719,871 21,596 698,275 9,797 26,900 661,577
Loan 39 Fresenius Portfolio V               9.6% 9.2% 720,889 924,320 223,580 700,739 2,613 26,126 672,001
Property 39.01 Fresenius Dayton                   332,517 419,997 96,450 323,547 842 8,419 314,286
Property 39.02 Fresenius Davenport                   158,515 199,689 45,424 154,265 705 7,048 146,512
Property 39.03 Fresenius Rock Island                   136,069 185,140 53,418 131,722 605 6,050 125,067
Property 39.04 Fresenius Muscatine                   93,788 119,494 28,289 91,205 461 4,609 86,135
Loan 40 Village Square 1,503,067 677,881 825,187 12/31/2015 1,482,750 623,898 858,852 10.9% 10.2% 1,194,971 1,453,207 671,993 781,214 10,093 36,047 735,073
Loan 41 Q-2 Self Storage 1,389,857 708,267 681,590 12/31/2015 1,329,568 668,400 661,168 10.5% 10.3% 1,380,780 1,411,456 730,530 680,926 15,300   665,626
Loan 42 Best Western Plus - Chalmette 1,901,300 1,107,663 793,637 12/31/2015 1,921,592 1,088,656 832,936 16.4% 16.4% 2,053,220 2,075,938 1,158,760 917,178     917,178
Loan 43 Afton Village 825,556 248,581 576,975 12/31/2015 803,942 230,952 572,990 10.4% 9.7% 691,924 808,830 252,184 556,646 5,953 32,764 517,929
Loan 44 21st Century Storage - Miami, FL 761,440 331,773 429,667 12/31/2015 688,543 256,850 431,693 8.7% 8.4% 803,505 789,694 336,815 452,879 14,897   437,982
Loan 45 Hillside Mobile Estates 1,909,801 796,775 1,113,026 12/31/2014 1,879,931 752,979 1,126,952 23.3% 22.3% 1,658,725 1,968,733 888,869 1,079,864 43,847   1,036,017
Loan 46 Callahan Plaza 341,266 137,869 203,398 12/31/2014 402,101 156,197 245,903 10.7% 9.3% 544,640 582,773 153,842 428,930 13,057 43,524 372,349
Loan 47 CityLine PA Portfolio 594,037 210,869 383,169 12/31/2015 567,460 188,169 379,291 9.7% 9.4% 699,576 604,177 223,403 380,773 10,919   369,854
Property 47.01 Carlisle Self Storage 347,476 129,925 217,551 12/31/2015 338,047 118,006 220,041     422,652 362,753 136,834 225,919 6,687   219,231
Property 47.02 West Chocolate Self Storage 246,561 80,943 165,618 12/31/2015 229,413 70,163 159,250     276,924 241,424 86,569 154,855 4,232   150,623
Loan 48 CityLine BeCubed 456,830 197,136 259,694 12/31/2015 436,448 211,434 225,013 8.6% 8.4% 526,236 486,321 180,334 305,987 5,063   300,924
Loan 49 Marketplace on Grove 477,997 170,368 307,628 12/31/2015 436,399 131,346 305,053 9.7% 9.2% 366,059 500,088 160,863 339,225 4,837 10,669 323,720

 

A-1-15

 

 

Benchmark 2018-B1

 

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

 

                             
      Ownership Ground Lease Ground Lease     Lease     Lease     Lease
Property Flag ID Property Name Interest(18)  Expiration(19)  Extension Terms(19) Largest Tenant(20)(21)(23) SF   Expiration(21) 2nd Largest Tenant(21)(22)(23) SF Expiration(21) 3rd Largest Tenant(20)(21)(22)(23) SF Expiration(21)
Loan 1 90 Hudson(2) Fee Simple     Lord Abbett 261,350 12/31/2024 Charles Komar & Sons 159,341 12/31/2031 NAP NAP NAP
Loan 2 Valencia Town Center Leasehold 04/21/2115 None Princess Cruises 312,527 03/31/2026 Morgan Stanley 9,163 12/31/2018 K-Town BBQ 8,565 07/27/2027
Loan 3 The Woods(2) Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 4 Griffin Portfolio(2) Fee Simple                      
Property 4.01 Restoration Hardware Distribution Fee Simple     Restoration Hardware 1,501,387 08/31/2030 NAP NAP NAP NAP NAP NAP
Property 4.02 State Farm Regional HQ Fee Simple     State Farm 503,201 12/31/2023 BCD Travel USA 7,081 11/30/2023 Ventyx, Inc. 5,575 04/30/2023
Property 4.03 North Pointe I Fee Simple     General Electric Co. 409,798 03/31/2020 NAP NAP NAP NAP NAP NAP
Property 4.04 Corporate Campus at Norterra Fee Simple     Cigna Health Care 232,648 07/31/2023 NAP NAP NAP NAP NAP NAP
Property 4.05 CHRISTUS Health HQ Fee Simple     CHRISTUS Health 247,721 11/30/2024 NTX Food (Mason’s Cafe) 2,117 01/31/2018 NAP NAP NAP
Property 4.06 Duke Bridges I Fee Simple     T-Mobile West 158,135 04/30/2027 NAP NAP NAP NAP NAP NAP
Property 4.07 Wells Fargo Operations Center Fee Simple     Wells Fargo Bank 155,579 01/31/2025 NAP NAP NAP NAP NAP NAP
Property 4.08 Ace Hardware HQ Fee Simple     Ace Hardware Corporation 206,030 11/30/2024 NAP NAP NAP NAP NAP NAP
Property 4.09 Royal Ridge V Fee Simple     NEC 119,611 03/31/2026 NAP NAP NAP NAP NAP NAP
Property 4.10 Comcast Regional HQ Fee Simple     Comcast 87,385 07/31/2027 NAP NAP NAP NAP NAP NAP
Loan 5 Worldwide Plaza(2)(31)(32) Fee Simple     Nomura Holding America Inc. 819,906 09/30/2033 Cravath, Swaine & Moore LLP 617,135 08/31/2024 Mercury Parking LLC 131,971 11/30/2027
Loan 6 Station Place III(2)(32) Fee Simple     U.S. Securities and Exchange Commission 209,530 02/28/2021 Kaiser Foundation Health Plan, Inc. 206,875 06/30/2024 American Chemistry Council 93,168 12/31/2025
Loan 7 Atrium Center(2) Fee Simple     Dana Farber Cancer Institute 143,750 04/30/2033 Life Time Fitness 116,524 11/30/2037 CCRM 17,936 05/31/2032
Loan 8 Sentinel Square II(2) Fee Simple     District of Columbia 164,110 02/28/2029 Federal Election Commission 99,677 11/30/2032 NAP NAP NAP
Loan 9 Spicetree Apartments Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 10 Radisson Blu Aqua Hotel(2) Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 11 8900 Beverly Fee Simple     Cedar Sinai Medical 34,866 11/30/2024 Porcelanosa 7,190 04/30/2022 Christopher Guy 4,524 12/31/2021
Loan 12 Gateway Net Lease Portfolio(2) Fee Simple/Leasehold                      
Property 12.01 BAE Facility Fee Simple     BAE Systems 333,750 08/31/2025 NAP NAP NAP NAP NAP NAP
Property 12.02 FedEx Ground (Stratford) Fee Simple     FedEx 225,198 06/30/2026 NAP NAP NAP NAP NAP NAP
Property 12.03 FedEx (Baltimore) Leasehold 08/31/2021 17, five-year options FedEx 306,016 12/31/2031 NAP NAP NAP NAP NAP NAP
Property 12.04 Harman Becker Fee Simple     Harman 188,042 10/31/2030 NAP NAP NAP NAP NAP NAP
Property 12.05 GE Aviation (Lafayette) Fee Simple     GE Aviation 306,406 09/13/2030 NAP NAP NAP NAP NAP NAP
Property 12.06 GoDaddy Leasehold 12/31/2101 None GoDaddy 150,000 05/31/2025 NAP NAP NAP NAP NAP NAP
Property 12.07 Carrier Fee Simple     Carrier 517,000 09/30/2026 NAP NAP NAP NAP NAP NAP
Property 12.08 Emerus Fee Simple     Emerus 95,640 12/31/2026 NAP NAP NAP NAP NAP NAP
Property 12.09 Cardinal Health Fee Simple     Cardinal Health 275,951 04/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.10 Tyco Electronics Fee Simple     TE Connectivity 176,648 04/30/2024 NAP NAP NAP NAP NAP NAP
Property 12.11 FCA/Caterpillar Fee Simple     FCA LLC 300,000 08/31/2022 NAP NAP NAP NAP NAP NAP
Property 12.12 FedEx Ground (Staunton) Fee Simple     FedEx 225,198 03/31/2026 NAP NAP NAP NAP NAP NAP
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park Fee Simple     QuadPackaging 205,000 12/16/2021 NAP NAP NAP NAP NAP NAP
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park Fee Simple     QuadPackaging 218,000 12/16/2021 NAP NAP NAP NAP NAP NAP
Property 12.15 T-Mobile Call Center Fee Simple     T-Mobile 66,500 02/28/2025 NAP NAP NAP NAP NAP NAP
Property 12.16 Sikorsky Aircraft R&D Facility Leasehold 02/21/2049 None Sikorsky Aircraft 150,975 01/31/2019 NAP NAP NAP NAP NAP NAP
Property 12.17 Vatterott College Fee Simple     Vatterott College 90,000 12/31/2024 NAP NAP NAP NAP NAP NAP
Property 12.18 Comcast Fee Simple     Comcast 57,260 06/30/2020 NAP NAP NAP NAP NAP NAP
Property 12.19 Alfa Laval Plant Fee Simple     Alfa Laval 180,252 12/31/2021 NAP NAP NAP NAP NAP NAP
Property 12.20 LKQ (New Braunfels) Fee Simple     LKQ Corporation 98,771 01/31/2034 NAP NAP NAP NAP NAP NAP
Property 12.21 Hitachi Leasehold 04/13/2040 None Hitachi 72,056 04/30/2022 NAP NAP NAP NAP NAP NAP
Property 12.22 Cameron International Fee Simple     Cameron 75,000 12/14/2023 NAP NAP NAP NAP NAP NAP
Property 12.23 Alliance Data Systems Office Fee Simple     Alliance Data 100,800 07/31/2024 NAP NAP NAP NAP NAP NAP
Property 12.24 Synchrony Financial Fee Simple     Synchrony Financial 67,775 05/31/2025 NAP NAP NAP NAP NAP NAP
Property 12.25 Baxalta (Barry Pointe) Fee Simple     Baxalta 16,686 08/31/2032 NAP NAP NAP NAP NAP NAP
Property 12.26 Baxalta (Casselberry) Fee Simple     Baxalta 16,694 10/31/2032 NAP NAP NAP NAP NAP NAP
Property 12.27 Baxalta (Mounds View) Fee Simple     Baxalta 16,694 11/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.28 Baxalta (Grand Rapids) Fee Simple     Baxalta 16,694 11/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.29 Gerdau Fee Simple     Gerdau 46,976 03/31/2025 NAP NAP NAP NAP NAP NAP
Property 12.30 Baxalta (Wausau) Fee Simple     Baxalta 16,694 10/31/2030 NAP NAP NAP NAP NAP NAP
Property 12.31 Baxalta (Springfield) Fee Simple     Baxalta 16,694 11/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.32 LKQ (Salisbury) Fee Simple     LKQ Corporation 205,100 08/06/2030 NAP NAP NAP NAP NAP NAP
Property 12.33 Baxalta (Ankeny) Fee Simple     Baxalta 16,694 11/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.34 H&E Equipment Services (San Antonio) Fee Simple     H&E Equipment Services 26,535 11/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.35 H&E Equipment Services (New Orleans) Fee Simple     H&E Equipment Services 18,808 12/31/2030 NAP NAP NAP NAP NAP NAP
Property 12.36 GE Aviation (Pompano) Fee Simple     GE Aviation 30,892 08/14/2022 NAP NAP NAP NAP NAP NAP
Property 12.37 Saint-Gobain Warehouse Fee Simple     Saint-Gobain 102,950 09/01/2024 NAP NAP NAP NAP NAP NAP
Property 12.38 H&E Equipment Services (Columbia) Fee Simple     H&E Equipment Services 19,380 12/31/2030 NAP NAP NAP NAP NAP NAP
Property 12.39 H&E Equipment Services (Yukon) Fee Simple     H&E Equipment Services 19,608 06/30/2030 NAP NAP NAP NAP NAP NAP
Property 12.40 LKQ (Toledo) Fee Simple     LKQ Corporation 207,998 06/17/2027 NAP NAP NAP NAP NAP NAP
Property 12.41 H&E Equipment Services (Greer) Fee Simple     H&E Equipment Services 19,608 11/30/2030 NAP NAP NAP NAP NAP NAP
Loan 13 Lehigh Valley Mall(2) Fee Simple     Bob’s Discount Furniture 30,204 03/31/2028 Barnes & Noble 29,874 01/31/2023 Modell’s Sporting Goods 13,882 01/31/2022
Loan 14 Rochester Hotel Portfolio(2) Fee Simple                      
Property 14.01 Rochester Marriott Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 14.02 Kahler Grand Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 14.03 Kahler Inn & Suites Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 14.04 Residence Inn Rochester Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 15 Oasis at Pavilion Park Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 16 521-523 East 72nd Street(2)(32) Fee Simple     HSS Properties Corporation 78,999 05/31/2031 East River Medical Imaging 11,610 05/31/2031 East River David Cleaners 500 11/14/2021
Loan 17 156-168 Bleecker Fee Simple     Le Poisson Rouge 13,623 09/30/2027 CVS 8,275 02/12/2026 Pieology 2,401 06/30/2029
Loan 18 Marriott Charlotte City Center(2) Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 19 Miracle Mile Shopping Center(2) Fee Simple     LA Fitness 45,000 02/29/2024 Marshalls 31,753 01/31/2022 OfficeMax 21,832 01/31/2022
Loan 20 Center Promenade(24) Fee Simple     County of Ventura 50,226 04/30/2025 Kaiser Foundation Health Plan 21,554 07/31/2021 Regents of UCLA 13,391 12/31/2021
Loan 21 The Arbors Fee Simple     North Carolina Department of State Treasurer 95,008 04/16/2025 Makhteshim Agan of North America, Inc. 18,488 01/31/2025 United Guaranty Corporation 16,838 02/28/2021

 

A-1-16

 

 

Benchmark 2018-B1

 

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

 

                             
      Ownership Ground Lease Ground Lease     Lease     Lease     Lease
Property Flag ID Property Name Interest(18)  Expiration(19)  Extension Terms(19) Largest Tenant(20)(21)(23) SF   Expiration(21) 2nd Largest Tenant(21)(22)(23) SF Expiration(21) 3rd Largest Tenant(20)(21)(22)(23) SF Expiration(21)
Loan 22 Towers at University Town Center(2) Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 23 Olive Park Shopping Center Fee Simple     Sprouts Farmers Market 30,000 02/28/2032 Hallmark 5,600 02/29/2028 Salon Lofts 4,550 07/31/2027
Loan 24 Two Harbor Point Square(2)(31) Fee Simple     X.L. Global Services, Inc. 47,838 09/30/2022 Structured Portfolio Management, L.L.C. 23,919 11/30/2022 McKinsey & Company, Inc. 23,919 07/31/2021
Loan 25 Valley Crossing Fee Simple     TJ Maxx 25,000 07/31/2020 Petco 12,625 01/31/2022 Olive Garden 8,013 05/31/2021
Loan 26 AHIP Northeast Portfolio I(2) Fee Simple                      
Property 26.01 Hilton Garden Inn - Baltimore White Marsh Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.02 Homewood Suites - Allentown West Fogelsville Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.05 Homewood Suites - Dover Rockaway Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) Fee Simple/Leasehold                      
Property 27.01 Larkspur Landing Sunnyvale Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.02 Larkspur Landing Milpitas Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.03 Larkspur Landing Campbell Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.04 Larkspur Landing San Francisco Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.05 Larkspur Landing Pleasanton Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.06 Larkspur Landing Bellevue Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.07 Larkspur Landing Sacramento Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.08 Hampton Inn Ann Arbor North Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.09 Larkspur Landing Hillsboro Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.10 Larkspur Landing Renton Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.12 Residence Inn Toledo Maumee Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.13 Residence Inn Williamsburg Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.14 Hampton Inn Suites Waco South Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.15 Holiday Inn Louisville Airport Fair Expo Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.16 Courtyard Tyler Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.17 Hilton Garden Inn Edison Raritan Center Leasehold 09/30/2076 None NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.18 Hilton Garden Inn St Paul Oakdale Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.19 Residence Inn Grand Rapids West Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.20 Peoria, AZ Residence Inn Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.21 Hampton Inn Suites Bloomington Normal Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.22 Courtyard Chico Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.23 Hampton Inn Suites Kokomo Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.24 Hampton Inn Suites South Bend Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.25 Courtyard Wichita Falls Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.26 Hampton Inn Morehead Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.27 Residence Inn Chico Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.28 Courtyard Lufkin Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.29 Hampton Inn Carlisle Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.30 Springhill Suites Williamsburg Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.31 Fairfield Inn Bloomington Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.32 Waco Residence Inn Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.33 Holiday Inn Express Fishers Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.34 Larkspur Landing Folsom Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.35 Springhill Suites Chicago Naperville Warrenville Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.36 Holiday Inn Express & Suites Paris Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.37 Toledo Homewood Suites Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.38 Grand Rapids Homewood Suites Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.39 Cheyenne Fairfield Inn and Suites Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.40 Fairfield Inn Laurel Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.41 Courtyard Akron Stow Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.42 Larkspur Landing Roseville Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.43 Towneplace Suites Bloomington Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.44 Hampton Inn Danville Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.45 Holiday Inn Norwich Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.46 Hampton Inn Suites Longview North Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.47 Springhill Suites Peoria Westlake Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.48 Hampton Inn Suites Buda Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.49 Shawnee Hampton Inn Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.50 Racine Fairfield Inn Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.52 Holiday Inn Express & Suites Terrell Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.53 Westchase Homewood Suites Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.54 Holiday Inn Express & Suites Tyler South Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.55 Holiday Inn Express & Suites Huntsville Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.56 Hampton Inn Sweetwater Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.57 Comfort Suites Buda Austin South Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.58 Fairfield Inn & Suites Weatherford Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.59 Holiday Inn Express & Suites Altus Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.60 Comfort Inn & Suites Paris Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.61 Hampton Inn Suites Decatur Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.62 Holiday Inn Express & Suites Texarkana East Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.63 Mankato Fairfield Inn Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.64 Candlewood Suites Texarkana Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

A-1-17

 

 

Benchmark 2018-B1

 

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

 

                             
      Ownership Ground Lease Ground Lease     Lease     Lease     Lease
Property Flag ID Property Name Interest(18)  Expiration(19)  Extension Terms(19) Largest Tenant(20)(21)(23) SF   Expiration(21) 2nd Largest Tenant(21)(22)(23) SF Expiration(21) 3rd Largest Tenant(20)(21)(22)(23) SF Expiration(21)
Loan 28 4400 PGA Boulevard(24) Fee Simple     Marsh & McLennan Agency LLC 24,702 03/31/2024 Pulte Homes 8,234 01/31/2022 US Army Corps of Engineers 8,193 07/31/2018
Loan 29 Honey Creek Marketplace Fee Simple     Academy Sports + Outdoors 63,137 02/28/2031 Fresh Thyme 28,585 03/31/2031 Massage Envy 4,000 01/31/2027
Loan 30 Metro Center V(24) Fee Simple     Running Balance Inc. 23,191 05/31/2025 Kasai North America Inc. 14,620 04/30/2023 PS Executive Centers Inc 12,673 02/28/2019
Loan 31 1114-1126 Lake Street Fee Simple     Fitness Formula Club 47,074 05/17/2027 Bar Louie 5,987 11/30/2026 Sleepy’s 5,020 11/30/2024
Loan 32 William Penn Building Fee Simple     Queensborough 7,500 07/31/2027 Tacos El Gordo 3,100 04/30/2026 NAP NAP NAP
Loan 33 Tri State Neighborhood Center Fee Simple     ShopRite 58,893 08/31/2022 TJ Maxx 28,000 11/30/2018 Dollar Tree 8,500 08/31/2021
Loan 34 Fairfield Inn & Suites - Panama City Beach Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 35 Hampton Inn & Suites Shelby Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 36 Goodale Office(24) Fee Simple     Zaner-Bloser, Inc. 27,242 04/30/2027 King Business Interiors 15,944 04/30/2027 Navigator Management Partners 10,057 11/30/2023
Loan 37 Hampton Inn Glenwood Springs Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 38 Pick ‘n Save Appleton WI Fee Simple     Pick ‘n Save 65,313 12/31/2024 NAP NAP NAP NAP NAP NAP
Loan 39 Fresenius Portfolio V Fee Simple                      
Property 39.01 Fresenius Dayton Fee Simple     Fresenius Medical Care 8,419 04/28/2031 NAP NAP NAP NAP NAP NAP
Property 39.02 Fresenius Davenport Fee Simple     Fresenius Medical Care 7,048 04/28/2031 NAP NAP NAP NAP NAP NAP
Property 39.03 Fresenius Rock Island Fee Simple     Fresenius Medical Care 6,050 04/28/2031 NAP NAP NAP NAP NAP NAP
Property 39.04 Fresenius Muscatine Fee Simple     Fresenius Medical Care 4,609 04/28/2031 NAP NAP NAP NAP NAP NAP
Loan 40 Village Square Fee Simple     Pet Food Express 5,600 08/31/2020 Wells Fargo 4,234 08/31/2021 Italian Colors 3,535 02/28/2020
Loan 41 Q-2 Self Storage Leasehold 12/31/2052 None NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 42 Best Western Plus - Chalmette Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 43 Afton Village Fee Simple     Novant Health Primary Care 5,000 03/31/2022 Afton Tavern 4,995 11/30/2020 Afton Pub & Pizza 3,550 09/30/2018
Loan 44 21st Century Storage - Miami, FL Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 45 Hillside Mobile Estates Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 46 Callahan Plaza Fee Simple     Winn-Dixie 39,211 05/01/2027 Gibson McDonald Furniture 15,947 12/01/2021 O’Reilly Auto Parts 8,640 06/01/2027
Loan 47 CityLine PA Portfolio Fee Simple                      
Property 47.01 Carlisle Self Storage Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 47.02 West Chocolate Self Storage Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 48 CityLine BeCubed Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 49 Marketplace on Grove Fee Simple     Jersey Mike’s 2,200 08/14/2020 Hawaiian BBQ 2,020 01/31/2023 Taco Hut 1,800 02/14/2020

 

A-1-18

 

 

Benchmark 2018-B1

 

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

 

                      Upfront
          Lease     Lease   Occupancy Replacement
Property Flag ID Property Name 4th Largest Tenant(21)(23) SF Expiration(21) 5th Largest Tenant(21)(23) SF Expiration(21) Occupancy(4)(23) As-of Date Reserves($)
Loan 1 90 Hudson(2) NAP NAP NAP NAP NAP NAP 97.5% 09/01/2017  
Loan 2 Valencia Town Center Buca di Beppo 8,497 03/31/2023 Souplantation 7,366 03/31/2022 96.5% 07/31/2017  
Loan 3 The Woods(2) NAP NAP NAP NAP NAP NAP 94.7% 10/01/2017  
Loan 4 Griffin Portfolio(2)             98.4% Various  
Property 4.01 Restoration Hardware Distribution NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.02 State Farm Regional HQ NAP NAP NAP NAP NAP NAP 89.6% 09/01/2017  
Property 4.03 North Pointe I NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.04 Corporate Campus at Norterra NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.05 CHRISTUS Health HQ NAP NAP NAP NAP NAP NAP 100.0% 09/01/2017  
Property 4.06 Duke Bridges I NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.07 Wells Fargo Operations Center NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.08 Ace Hardware HQ NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.09 Royal Ridge V NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Property 4.10 Comcast Regional HQ NAP NAP NAP NAP NAP NAP 100.0% 01/01/2018  
Loan 5 Worldwide Plaza(2)(31)(32) WNET.ORG and THIRTEEN 102,709 08/31/2026 Rubenstein Associates, Inc. 68,432 04/30/2031 98.4% 06/30/2017  
Loan 6 Station Place III(2)(32) Pritchard Industries, Inc. 833 12/31/2018 NAP NAP NAP 98.6% 09/01/2017 8,628
Loan 7 Atrium Center(2) Boylston Street Dental 8,725 04/30/2033 Newton - Wellesley Hospital 6,185 12/31/2027 100.0% 12/01/2017  
Loan 8 Sentinel Square II(2) NAP NAP NAP NAP NAP NAP 94.1% 12/31/2017  
Loan 9 Spicetree Apartments NAP NAP NAP NAP NAP NAP 95.5% 12/01/2017  
Loan 10 Radisson Blu Aqua Hotel(2) NAP NAP NAP NAP NAP NAP 76.8% 08/31/2017  
Loan 11 8900 Beverly Poggenpohl 2,530 06/30/2023 NAP NAP NAP 89.6% 11/07/2017  
Loan 12 Gateway Net Lease Portfolio(2)             100.0% 01/05/2018  
Property 12.01 BAE Facility NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.02 FedEx Ground (Stratford) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.03 FedEx (Baltimore) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.04 Harman Becker NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.05 GE Aviation (Lafayette) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.06 GoDaddy NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.07 Carrier NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.08 Emerus NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.09 Cardinal Health NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.10 Tyco Electronics NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.11 FCA/Caterpillar NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.12 FedEx Ground (Staunton) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.15 T-Mobile Call Center NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.16 Sikorsky Aircraft R&D Facility NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.17 Vatterott College NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.18 Comcast NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.19 Alfa Laval Plant NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.20 LKQ (New Braunfels) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.21 Hitachi NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.22 Cameron International NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.23 Alliance Data Systems Office NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.24 Synchrony Financial NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.25 Baxalta (Barry Pointe) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.26 Baxalta (Casselberry) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.27 Baxalta (Mounds View) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.28 Baxalta (Grand Rapids) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.29 Gerdau NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.30 Baxalta (Wausau) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.31 Baxalta (Springfield) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.32 LKQ (Salisbury) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.33 Baxalta (Ankeny) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.34 H&E Equipment Services (San Antonio) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.35 H&E Equipment Services (New Orleans) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.36 GE Aviation (Pompano) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.37 Saint-Gobain Warehouse NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.38 H&E Equipment Services (Columbia) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.39 H&E Equipment Services (Yukon) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.40 LKQ (Toledo) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Property 12.41 H&E Equipment Services (Greer) NAP NAP NAP NAP NAP NAP 100.0% 01/05/2018  
Loan 13 Lehigh Valley Mall(2) Pottery Barn 13,011 01/31/2020 New York & Company 11,306 03/31/2018 83.9% 10/12/2017  
Loan 14 Rochester Hotel Portfolio(2)             58.4% 10/31/2017  
Property 14.01 Rochester Marriott NAP NAP NAP NAP NAP NAP 71.0% 10/31/2017  
Property 14.02 Kahler Grand NAP NAP NAP NAP NAP NAP 49.4% 10/31/2017  
Property 14.03 Kahler Inn & Suites NAP NAP NAP NAP NAP NAP 65.9% 10/31/2017  
Property 14.04 Residence Inn Rochester NAP NAP NAP NAP NAP NAP 73.6% 10/31/2017  
Loan 15 Oasis at Pavilion Park NAP NAP NAP NAP NAP NAP 92.0% 12/10/2017  
Loan 16 521-523 East 72nd Street(2)(32) NAP NAP NAP NAP NAP NAP 98.8% 05/03/2017  
Loan 17 156-168 Bleecker World’s Best Cookie Dough 1,765 12/01/2029 York Food 1,335 01/31/2019 100.0% 10/24/2017  
Loan 18 Marriott Charlotte City Center(2) NAP NAP NAP NAP NAP NAP 73.0% 11/30/2017  
Loan 19 Miracle Mile Shopping Center(2) PNC Financial Services 20,126 01/31/2024 DSW Designer Shoe Warehouse 20,000 06/01/2021 97.7% 07/01/2017  
Loan 20 Center Promenade(24) Social Security Administration 10,858 09/18/2027 Superior Court of California 8,412 04/10/2022 87.4% 12/01/2017  
Loan 21 The Arbors Kidde Technologies, Inc. 15,174 05/31/2022 Travel Management Partners, Inc. 9,174 01/31/2022 98.7% 10/31/2017  

 

A-1-19

 

 

Benchmark 2018-B1

 

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

 

                      Upfront
          Lease     Lease   Occupancy Replacement
Property Flag ID Property Name 4th Largest Tenant(21)(23) SF Expiration(21) 5th Largest Tenant(21)(23) SF Expiration(21) Occupancy(4)(23) As-of Date Reserves($)
Loan 22 Towers at University Town Center(2) NAP NAP NAP NAP NAP NAP 99.2% 10/05/2017 11,375
Loan 23 Olive Park Shopping Center Mattress Firm 4,212 08/31/2027 City BBQ 3,640 05/31/2032 100.0% 11/01/2017  
Loan 24 Two Harbor Point Square(2)(31) Castleton Commodities 16,574 05/31/2027 Insight Global 7,345 04/30/2022 94.3% 09/01/2017  
Loan 25 Valley Crossing Specs 5,000 03/31/2022 Mattress Firm 4,000 08/31/2020 89.6% 08/01/2017 1,254
Loan 26 AHIP Northeast Portfolio I(2)             84.0% 03/31/2017  
Property 26.01 Hilton Garden Inn - Baltimore White Marsh NAP NAP NAP NAP NAP NAP 82.2% 03/31/2017  
Property 26.02 Homewood Suites - Allentown West Fogelsville NAP NAP NAP NAP NAP NAP 89.1% 03/31/2017  
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores NAP NAP NAP NAP NAP NAP 78.7% 03/31/2017  
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport NAP NAP NAP NAP NAP NAP 85.9% 03/31/2017  
Property 26.05 Homewood Suites - Dover Rockaway NAP NAP NAP NAP NAP NAP 84.5% 03/31/2017  
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32)             74.6% 03/31/2017  
Property 27.01 Larkspur Landing Sunnyvale NAP NAP NAP NAP NAP NAP 83.8% 03/31/2017  
Property 27.02 Larkspur Landing Milpitas NAP NAP NAP NAP NAP NAP 85.7% 03/31/2017  
Property 27.03 Larkspur Landing Campbell NAP NAP NAP NAP NAP NAP 84.3% 03/31/2017  
Property 27.04 Larkspur Landing San Francisco NAP NAP NAP NAP NAP NAP 84.9% 03/31/2017  
Property 27.05 Larkspur Landing Pleasanton NAP NAP NAP NAP NAP NAP 82.9% 03/31/2017  
Property 27.06 Larkspur Landing Bellevue NAP NAP NAP NAP NAP NAP 78.8% 03/31/2017  
Property 27.07 Larkspur Landing Sacramento NAP NAP NAP NAP NAP NAP 83.0% 03/31/2017  
Property 27.08 Hampton Inn Ann Arbor North NAP NAP NAP NAP NAP NAP 73.9% 03/31/2017  
Property 27.09 Larkspur Landing Hillsboro NAP NAP NAP NAP NAP NAP 74.1% 03/31/2017  
Property 27.10 Larkspur Landing Renton NAP NAP NAP NAP NAP NAP 80.3% 03/31/2017  
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark NAP NAP NAP NAP NAP NAP 78.3% 03/31/2017  
Property 27.12 Residence Inn Toledo Maumee NAP NAP NAP NAP NAP NAP 81.7% 03/31/2017  
Property 27.13 Residence Inn Williamsburg NAP NAP NAP NAP NAP NAP 73.0% 03/31/2017  
Property 27.14 Hampton Inn Suites Waco South NAP NAP NAP NAP NAP NAP 77.7% 03/31/2017  
Property 27.15 Holiday Inn Louisville Airport Fair Expo NAP NAP NAP NAP NAP NAP 72.9% 03/31/2017  
Property 27.16 Courtyard Tyler NAP NAP NAP NAP NAP NAP 58.8% 03/31/2017  
Property 27.17 Hilton Garden Inn Edison Raritan Center NAP NAP NAP NAP NAP NAP 78.1% 03/31/2017  
Property 27.18 Hilton Garden Inn St Paul Oakdale NAP NAP NAP NAP NAP NAP 80.0% 03/31/2017  
Property 27.19 Residence Inn Grand Rapids West NAP NAP NAP NAP NAP NAP 72.6% 03/31/2017  
Property 27.20 Peoria, AZ Residence Inn NAP NAP NAP NAP NAP NAP 80.8% 03/31/2017  
Property 27.21 Hampton Inn Suites Bloomington Normal NAP NAP NAP NAP NAP NAP 70.8% 03/31/2017  
Property 27.22 Courtyard Chico NAP NAP NAP NAP NAP NAP 84.6% 03/31/2017  
Property 27.23 Hampton Inn Suites Kokomo NAP NAP NAP NAP NAP NAP 77.9% 03/31/2017  
Property 27.24 Hampton Inn Suites South Bend NAP NAP NAP NAP NAP NAP 69.9% 03/31/2017  
Property 27.25 Courtyard Wichita Falls NAP NAP NAP NAP NAP NAP 77.4% 03/31/2017  
Property 27.26 Hampton Inn Morehead NAP NAP NAP NAP NAP NAP 66.6% 03/31/2017  
Property 27.27 Residence Inn Chico NAP NAP NAP NAP NAP NAP 88.0% 03/31/2017  
Property 27.28 Courtyard Lufkin NAP NAP NAP NAP NAP NAP 64.9% 03/31/2017  
Property 27.29 Hampton Inn Carlisle NAP NAP NAP NAP NAP NAP 76.1% 03/31/2017  
Property 27.30 Springhill Suites Williamsburg NAP NAP NAP NAP NAP NAP 71.7% 03/31/2017  
Property 27.31 Fairfield Inn Bloomington NAP NAP NAP NAP NAP NAP 87.1% 03/31/2017  
Property 27.32 Waco Residence Inn NAP NAP NAP NAP NAP NAP 82.0% 03/31/2017  
Property 27.33 Holiday Inn Express Fishers NAP NAP NAP NAP NAP NAP 67.1% 03/31/2017  
Property 27.34 Larkspur Landing Folsom NAP NAP NAP NAP NAP NAP 86.4% 03/31/2017  
Property 27.35 Springhill Suites Chicago Naperville Warrenville NAP NAP NAP NAP NAP NAP 67.1% 03/31/2017  
Property 27.36 Holiday Inn Express & Suites Paris NAP NAP NAP NAP NAP NAP 72.6% 03/31/2017  
Property 27.37 Toledo Homewood Suites NAP NAP NAP NAP NAP NAP 82.2% 03/31/2017  
Property 27.38 Grand Rapids Homewood Suites NAP NAP NAP NAP NAP NAP 84.1% 03/31/2017  
Property 27.39 Cheyenne Fairfield Inn and Suites NAP NAP NAP NAP NAP NAP 74.6% 03/31/2017  
Property 27.40 Fairfield Inn Laurel NAP NAP NAP NAP NAP NAP 79.9% 03/31/2017  
Property 27.41 Courtyard Akron Stow NAP NAP NAP NAP NAP NAP 65.9% 03/31/2017  
Property 27.42 Larkspur Landing Roseville NAP NAP NAP NAP NAP NAP 79.5% 03/31/2017  
Property 27.43 Towneplace Suites Bloomington NAP NAP NAP NAP NAP NAP 89.1% 03/31/2017  
Property 27.44 Hampton Inn Danville NAP NAP NAP NAP NAP NAP 80.0% 03/31/2017  
Property 27.45 Holiday Inn Norwich NAP NAP NAP NAP NAP NAP 56.7% 03/31/2017  
Property 27.46 Hampton Inn Suites Longview North NAP NAP NAP NAP NAP NAP 63.8% 03/31/2017  
Property 27.47 Springhill Suites Peoria Westlake NAP NAP NAP NAP NAP NAP 63.3% 03/31/2017  
Property 27.48 Hampton Inn Suites Buda NAP NAP NAP NAP NAP NAP 74.5% 03/31/2017  
Property 27.49 Shawnee Hampton Inn NAP NAP NAP NAP NAP NAP 77.6% 03/31/2017  
Property 27.50 Racine Fairfield Inn NAP NAP NAP NAP NAP NAP 68.6% 03/31/2017  
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam NAP NAP NAP NAP NAP NAP 75.6% 03/31/2017  
Property 27.52 Holiday Inn Express & Suites Terrell NAP NAP NAP NAP NAP NAP 84.0% 03/31/2017  
Property 27.53 Westchase Homewood Suites NAP NAP NAP NAP NAP NAP 63.4% 03/31/2017  
Property 27.54 Holiday Inn Express & Suites Tyler South NAP NAP NAP NAP NAP NAP 65.9% 03/31/2017  
Property 27.55 Holiday Inn Express & Suites Huntsville NAP NAP NAP NAP NAP NAP 65.5% 03/31/2017  
Property 27.56 Hampton Inn Sweetwater NAP NAP NAP NAP NAP NAP 62.9% 03/31/2017  
Property 27.57 Comfort Suites Buda Austin South NAP NAP NAP NAP NAP NAP 76.8% 03/31/2017  
Property 27.58 Fairfield Inn & Suites Weatherford NAP NAP NAP NAP NAP NAP 63.4% 03/31/2017  
Property 27.59 Holiday Inn Express & Suites Altus NAP NAP NAP NAP NAP NAP 67.4% 03/31/2017  
Property 27.60 Comfort Inn & Suites Paris NAP NAP NAP NAP NAP NAP 67.4% 03/31/2017  
Property 27.61 Hampton Inn Suites Decatur NAP NAP NAP NAP NAP NAP 64.6% 03/31/2017  
Property 27.62 Holiday Inn Express & Suites Texarkana East NAP NAP NAP NAP NAP NAP 66.5% 03/31/2017  
Property 27.63 Mankato Fairfield Inn NAP NAP NAP NAP NAP NAP 58.0% 03/31/2017  
Property 27.64 Candlewood Suites Texarkana NAP NAP NAP NAP NAP NAP 75.0% 03/31/2017  
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East NAP NAP NAP NAP NAP NAP 54.1% 03/31/2017  

 

A-1-20

 

 

Benchmark 2018-B1

 

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

 

                      Upfront
          Lease     Lease   Occupancy Replacement
Property Flag ID Property Name 4th Largest Tenant(21)(23) SF Expiration(21) 5th Largest Tenant(21)(23) SF Expiration(21) Occupancy(4)(23) As-of Date Reserves($)
Loan 28 4400 PGA Boulevard(24) Scott, Harris, Bryan, Barra & Jorgensen, P.A. 5,709 10/31/2019 GAI Consultants, Inc. 4,720 05/21/2021 100.0% 08/31/2017  
Loan 29 Honey Creek Marketplace Style Encore 3,920 03/31/2027 Aspen Dental 3,697 10/31/2026 100.0% 11/01/2017 1,796
Loan 30 Metro Center V(24) Tibco Software Inc 12,293 01/31/2021 Coresource 10,113 12/31/2020 91.5% 12/08/2017  
Loan 31 1114-1126 Lake Street NAP NAP NAP NAP NAP NAP 91.7% 10/25/2017  
Loan 32 William Penn Building NAP NAP NAP NAP NAP NAP 100.0% 08/01/2017  
Loan 33 Tri State Neighborhood Center Furniture and Mattress Wholesalers 5,052 MTM Village Pizza 2,700 06/30/2018 94.8% 09/30/2017  
Loan 34 Fairfield Inn & Suites - Panama City Beach NAP NAP NAP NAP NAP NAP 68.5% 09/30/2017 12,174
Loan 35 Hampton Inn & Suites Shelby NAP NAP NAP NAP NAP NAP 73.1% 09/30/2017 9,230
Loan 36 Goodale Office(24) Franklin Soil & Water Conservation District 7,450 07/31/2024 Greenberg Farrow Architecture 7,296 02/28/2022 100.0% 11/30/2017  
Loan 37 Hampton Inn Glenwood Springs NAP NAP NAP NAP NAP NAP 77.8% 10/31/2017 9,178
Loan 38 Pick ‘n Save Appleton WI NAP NAP NAP NAP NAP NAP 100.0% 01/06/2018  
Loan 39 Fresenius Portfolio V             100.0% 01/06/2018 26,126
Property 39.01 Fresenius Dayton NAP NAP NAP NAP NAP NAP 100.0% 01/06/2018  
Property 39.02 Fresenius Davenport NAP NAP NAP NAP NAP NAP 100.0% 01/06/2018  
Property 39.03 Fresenius Rock Island NAP NAP NAP NAP NAP NAP 100.0% 01/06/2018  
Property 39.04 Fresenius Muscatine NAP NAP NAP NAP NAP NAP 100.0% 01/06/2018  
Loan 40 Village Square Lara Weyland et al 2,964 05/31/2018 Jiwahn Han 2,600 01/31/2022 89.6% 08/01/2017  
Loan 41 Q-2 Self Storage NAP NAP NAP NAP NAP NAP 97.7% 08/01/2017 1,275
Loan 42 Best Western Plus - Chalmette NAP NAP NAP NAP NAP NAP 79.7% 09/30/2017 6,920
Loan 43 Afton Village E Noodles 2,594 01/31/2022 Joes Sports Bar & Grill 2,274 09/14/2018 100.0% 11/21/2017  
Loan 44 21st Century Storage - Miami, FL NAP NAP NAP NAP NAP NAP 91.1% 09/11/2017  
Loan 45 Hillside Mobile Estates NAP NAP NAP NAP NAP NAP 97.1% 12/31/2016  
Loan 46 Callahan Plaza First Coast Pawn Shop 7,700 01/01/2021 The Pig BBQ 4,807 03/01/2018 94.0% 05/01/2017  
Loan 47 CityLine PA Portfolio             81.6% 11/20/2017  
Property 47.01 Carlisle Self Storage NAP NAP NAP NAP NAP NAP 78.6% 11/20/2017  
Property 47.02 West Chocolate Self Storage NAP NAP NAP NAP NAP NAP 87.9% 11/20/2017  
Loan 48 CityLine BeCubed NAP NAP NAP NAP NAP NAP 95.6% 10/31/2017  
Loan 49 Marketplace on Grove Cielo Spa 1,600 07/31/2020 Daniel Ton, DDS 1,400 04/30/2022 100.0% 05/31/2017  

 

A-1-21

 

 

Benchmark 2018-B1

 

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

 

      Monthly Upfront Monthly
      Replacement TI/LC TI/LC
Property Flag ID Property Name Reserves ($)(26)(27)(28) Reserves ($) Reserves ($)(26)(28)
Loan 1 90 Hudson(2) Springing   Springing
Loan 2 Valencia Town Center 6,258 428,250 51,049
Loan 3 The Woods(2) Springing    
Loan 4 Griffin Portfolio(2) Springing   Springing
Property 4.01 Restoration Hardware Distribution      
Property 4.02 State Farm Regional HQ      
Property 4.03 North Pointe I      
Property 4.04 Corporate Campus at Norterra      
Property 4.05 CHRISTUS Health HQ      
Property 4.06 Duke Bridges I      
Property 4.07 Wells Fargo Operations Center      
Property 4.08 Ace Hardware HQ      
Property 4.09 Royal Ridge V      
Property 4.10 Comcast Regional HQ      
Loan 5 Worldwide Plaza(2)(31)(32) Springing   Springing
Loan 6 Station Place III(2)(32) 8,628    
Loan 7 Atrium Center(2)      
Loan 8 Sentinel Square II(2) Springing   Springing
Loan 9 Spicetree Apartments 11,480    
Loan 10 Radisson Blu Aqua Hotel(2) 4.0% of gross revenues for the calendar month which occurred two months prior    
Loan 11 8900 Beverly 1,058   9,132
Loan 12 Gateway Net Lease Portfolio(2) Springing   Springing
Property 12.01 BAE Facility      
Property 12.02 FedEx Ground (Stratford)      
Property 12.03 FedEx (Baltimore)      
Property 12.04 Harman Becker      
Property 12.05 GE Aviation (Lafayette)      
Property 12.06 GoDaddy      
Property 12.07 Carrier      
Property 12.08 Emerus      
Property 12.09 Cardinal Health      
Property 12.10 Tyco Electronics      
Property 12.11 FCA/Caterpillar      
Property 12.12 FedEx Ground (Staunton)      
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park      
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park      
Property 12.15 T-Mobile Call Center      
Property 12.16 Sikorsky Aircraft R&D Facility      
Property 12.17 Vatterott College      
Property 12.18 Comcast      
Property 12.19 Alfa Laval Plant      
Property 12.20 LKQ (New Braunfels)      
Property 12.21 Hitachi      
Property 12.22 Cameron International      
Property 12.23 Alliance Data Systems Office      
Property 12.24 Synchrony Financial      
Property 12.25 Baxalta (Barry Pointe)      
Property 12.26 Baxalta (Casselberry)      
Property 12.27 Baxalta (Mounds View)      
Property 12.28 Baxalta (Grand Rapids)      
Property 12.29 Gerdau      
Property 12.30 Baxalta (Wausau)      
Property 12.31 Baxalta (Springfield)      
Property 12.32 LKQ (Salisbury)      
Property 12.33 Baxalta (Ankeny)      
Property 12.34 H&E Equipment Services (San Antonio)      
Property 12.35 H&E Equipment Services (New Orleans)      
Property 12.36 GE Aviation (Pompano)      
Property 12.37 Saint-Gobain Warehouse      
Property 12.38 H&E Equipment Services (Columbia)      
Property 12.39 H&E Equipment Services (Yukon)      
Property 12.40 LKQ (Toledo)      
Property 12.41 H&E Equipment Services (Greer)      
Loan 13 Lehigh Valley Mall(2) Springing   81,785
Loan 14 Rochester Hotel Portfolio(2) Borrower is required to deposit the greater of (i) 5.0% of the projected rents for each property’s hotel operations for the prior month, (ii) the amount due under the management agreement and (iii) the amount due under the franchise agreement for FF&E Work    
Property 14.01 Rochester Marriott      
Property 14.02 Kahler Grand      
Property 14.03 Kahler Inn & Suites      
Property 14.04 Residence Inn Rochester      
Loan 15 Oasis at Pavilion Park 7,000    
Loan 16 521-523 East 72nd Street(2)(32) Springing   Springing
Loan 17 156-168 Bleecker 408 177,945 Springing
Loan 18 Marriott Charlotte City Center(2) Springing    
Loan 19 Miracle Mile Shopping Center(2) 4,978   24,891
Loan 20 Center Promenade(24) 2,490   18,669
Loan 21 The Arbors 4,354 81,292 14,982

 

A-1-22

 

 

Benchmark 2018-B1

 

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

 

      Monthly Upfront Monthly
      Replacement TI/LC TI/LC
Property Flag ID Property Name Reserves ($)(26)(27)(28) Reserves ($) Reserves ($)(26)(28)
Loan 22 Towers at University Town Center(2) 11,375    
Loan 23 Olive Park Shopping Center 792   3,958
Loan 24 Two Harbor Point Square(2)(31) 2,335   20,833
Loan 25 Valley Crossing 1,254 10,000 10,000
Loan 26 AHIP Northeast Portfolio I(2) Springing    
Property 26.01 Hilton Garden Inn - Baltimore White Marsh      
Property 26.02 Homewood Suites - Allentown West Fogelsville      
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores      
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport      
Property 26.05 Homewood Suites - Dover Rockaway      
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) The greater of (i) 4.0% of gross revenues for the month which occurred two months prior and (ii) any amount required under any Franchise Agreement for FF&E Work    
Property 27.01 Larkspur Landing Sunnyvale      
Property 27.02 Larkspur Landing Milpitas      
Property 27.03 Larkspur Landing Campbell      
Property 27.04 Larkspur Landing San Francisco      
Property 27.05 Larkspur Landing Pleasanton      
Property 27.06 Larkspur Landing Bellevue      
Property 27.07 Larkspur Landing Sacramento      
Property 27.08 Hampton Inn Ann Arbor North      
Property 27.09 Larkspur Landing Hillsboro      
Property 27.10 Larkspur Landing Renton      
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark      
Property 27.12 Residence Inn Toledo Maumee      
Property 27.13 Residence Inn Williamsburg      
Property 27.14 Hampton Inn Suites Waco South      
Property 27.15 Holiday Inn Louisville Airport Fair Expo      
Property 27.16 Courtyard Tyler      
Property 27.17 Hilton Garden Inn Edison Raritan Center      
Property 27.18 Hilton Garden Inn St Paul Oakdale      
Property 27.19 Residence Inn Grand Rapids West      
Property 27.20 Peoria, AZ Residence Inn      
Property 27.21 Hampton Inn Suites Bloomington Normal      
Property 27.22 Courtyard Chico      
Property 27.23 Hampton Inn Suites Kokomo      
Property 27.24 Hampton Inn Suites South Bend      
Property 27.25 Courtyard Wichita Falls      
Property 27.26 Hampton Inn Morehead      
Property 27.27 Residence Inn Chico      
Property 27.28 Courtyard Lufkin      
Property 27.29 Hampton Inn Carlisle      
Property 27.30 Springhill Suites Williamsburg      
Property 27.31 Fairfield Inn Bloomington      
Property 27.32 Waco Residence Inn      
Property 27.33 Holiday Inn Express Fishers      
Property 27.34 Larkspur Landing Folsom      
Property 27.35 Springhill Suites Chicago Naperville Warrenville      
Property 27.36 Holiday Inn Express & Suites Paris      
Property 27.37 Toledo Homewood Suites      
Property 27.38 Grand Rapids Homewood Suites      
Property 27.39 Cheyenne Fairfield Inn and Suites      
Property 27.40 Fairfield Inn Laurel      
Property 27.41 Courtyard Akron Stow      
Property 27.42 Larkspur Landing Roseville      
Property 27.43 Towneplace Suites Bloomington      
Property 27.44 Hampton Inn Danville      
Property 27.45 Holiday Inn Norwich      
Property 27.46 Hampton Inn Suites Longview North      
Property 27.47 Springhill Suites Peoria Westlake      
Property 27.48 Hampton Inn Suites Buda      
Property 27.49 Shawnee Hampton Inn      
Property 27.50 Racine Fairfield Inn      
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam      
Property 27.52 Holiday Inn Express & Suites Terrell      
Property 27.53 Westchase Homewood Suites      
Property 27.54 Holiday Inn Express & Suites Tyler South      
Property 27.55 Holiday Inn Express & Suites Huntsville      
Property 27.56 Hampton Inn Sweetwater      
Property 27.57 Comfort Suites Buda Austin South      
Property 27.58 Fairfield Inn & Suites Weatherford      
Property 27.59 Holiday Inn Express & Suites Altus      
Property 27.60 Comfort Inn & Suites Paris      
Property 27.61 Hampton Inn Suites Decatur      
Property 27.62 Holiday Inn Express & Suites Texarkana East      
Property 27.63 Mankato Fairfield Inn      
Property 27.64 Candlewood Suites Texarkana      
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East      

 

A-1-23

 

 

Benchmark 2018-B1

 

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

 

      Monthly Upfront Monthly
      Replacement TI/LC TI/LC
Property Flag ID Property Name Reserves ($)(26)(27)(28) Reserves ($) Reserves ($)(26)(28)
Loan 28 4400 PGA Boulevard(24) 1,347 400,000 Springing
Loan 29 Honey Creek Marketplace 1,796 3,333 3,333
Loan 30 Metro Center V(24) 6,170 50,000 25,000
Loan 31 1114-1126 Lake Street 792   4,435
Loan 32 William Penn Building 593   883
Loan 33 Tri State Neighborhood Center   9,557 9,557
Loan 34 Fairfield Inn & Suites - Panama City Beach 4.0% of gross revenues for the calendar month which occurred two months prior    
Loan 35 Hampton Inn & Suites Shelby 4.0% of gross revenues for the calendar month which occurred two months prior    
Loan 36 Goodale Office(24) 1,329   6,250
Loan 37 Hampton Inn Glenwood Springs 4.0% of gross revenues for the calendar month which occurred two months prior    
Loan 38 Pick ‘n Save Appleton WI 816   2,242
Loan 39 Fresenius Portfolio V Springing   Springing
Property 39.01 Fresenius Dayton      
Property 39.02 Fresenius Davenport      
Property 39.03 Fresenius Rock Island      
Property 39.04 Fresenius Muscatine      
Loan 40 Village Square      
Loan 41 Q-2 Self Storage 1,275    
Loan 42 Best Western Plus - Chalmette 4.0% of gross revenues for the calendar month which occurred two months prior    
Loan 43 Afton Village 496 35,000 4,167
Loan 44 21st Century Storage - Miami, FL 1,072    
Loan 45 Hillside Mobile Estates 3,749    
Loan 46 Callahan Plaza 1,668   3,627
Loan 47 CityLine PA Portfolio 910    
Property 47.01 Carlisle Self Storage      
Property 47.02 West Chocolate Self Storage      
Loan 48 CityLine BeCubed 422    
Loan 49 Marketplace on Grove 237 115,000 Springing

 

A-1-24

 

 

Benchmark 2018-B1

 

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

 

      Upfront Monthly Upfront Monthly Upfront   Monthly
      Tax Tax Insurance Insurance Engineering Other Other
Property Flag ID Property Name Reserves ($)(25) Reserves ($)(26) Reserves($) Reserves ($)(26) Reserve($) Reserves ($) Reserves ($)(26)(27)(28)
Loan 1 90 Hudson(2)   Springing 100,000 Springing 198,000 291,238 Springing
Loan 2 Valencia Town Center 527,523 175,841   Springing   4,552,918 223,125
Loan 3 The Woods(2)   Springing   Springing      
Loan 4 Griffin Portfolio(2) 930,000 466,667   Springing   5,657,511  
Property 4.01 Restoration Hardware Distribution              
Property 4.02 State Farm Regional HQ              
Property 4.03 North Pointe I              
Property 4.04 Corporate Campus at Norterra              
Property 4.05 CHRISTUS Health HQ              
Property 4.06 Duke Bridges I              
Property 4.07 Wells Fargo Operations Center              
Property 4.08 Ace Hardware HQ              
Property 4.09 Royal Ridge V              
Property 4.10 Comcast Regional HQ              
Loan 5 Worldwide Plaza(2)(31)(32)   Springing   Springing     Springing
Loan 6 Station Place III(2)(32)   Springing   Springing   415,973 Springing
Loan 7 Atrium Center(2)   Springing   Springing   23,558,259 Springing
Loan 8 Sentinel Square II(2)   Springing   Springing   19,093,311 Springing
Loan 9 Spicetree Apartments   80,165   Springing 11,300    
Loan 10 Radisson Blu Aqua Hotel(2) 706,259 176,565 28,815 Springing     Springing
Loan 11 8900 Beverly 95,799 31,933   Springing 3,450 2,000,000 Springing
Loan 12 Gateway Net Lease Portfolio(2)   Springing   Springing   10,720,000 Springing
Property 12.01 BAE Facility              
Property 12.02 FedEx Ground (Stratford)              
Property 12.03 FedEx (Baltimore)              
Property 12.04 Harman Becker              
Property 12.05 GE Aviation (Lafayette)              
Property 12.06 GoDaddy              
Property 12.07 Carrier              
Property 12.08 Emerus              
Property 12.09 Cardinal Health              
Property 12.10 Tyco Electronics              
Property 12.11 FCA/Caterpillar              
Property 12.12 FedEx Ground (Staunton)              
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park              
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park              
Property 12.15 T-Mobile Call Center              
Property 12.16 Sikorsky Aircraft R&D Facility              
Property 12.17 Vatterott College              
Property 12.18 Comcast              
Property 12.19 Alfa Laval Plant              
Property 12.20 LKQ (New Braunfels)              
Property 12.21 Hitachi              
Property 12.22 Cameron International              
Property 12.23 Alliance Data Systems Office              
Property 12.24 Synchrony Financial              
Property 12.25 Baxalta (Barry Pointe)              
Property 12.26 Baxalta (Casselberry)              
Property 12.27 Baxalta (Mounds View)              
Property 12.28 Baxalta (Grand Rapids)              
Property 12.29 Gerdau              
Property 12.30 Baxalta (Wausau)              
Property 12.31 Baxalta (Springfield)              
Property 12.32 LKQ (Salisbury)              
Property 12.33 Baxalta (Ankeny)              
Property 12.34 H&E Equipment Services (San Antonio)              
Property 12.35 H&E Equipment Services (New Orleans)              
Property 12.36 GE Aviation (Pompano)              
Property 12.37 Saint-Gobain Warehouse              
Property 12.38 H&E Equipment Services (Columbia)              
Property 12.39 H&E Equipment Services (Yukon)              
Property 12.40 LKQ (Toledo)              
Property 12.41 H&E Equipment Services (Greer)              
Loan 13 Lehigh Valley Mall(2)   Springing   Springing   651,533 Springing
Loan 14 Rochester Hotel Portfolio(2) 496,816 248,408 335,774 33,894 45,563 300,000 500,000
Property 14.01 Rochester Marriott              
Property 14.02 Kahler Grand              
Property 14.03 Kahler Inn & Suites              
Property 14.04 Residence Inn Rochester              
Loan 15 Oasis at Pavilion Park   56,120   Springing      
Loan 16 521-523 East 72nd Street(2)(32) 380,472 190,236 9,647 4,823   1,231,285  
Loan 17 156-168 Bleecker   50,062 22,867 Springing 835,991 786,234 Springing
Loan 18 Marriott Charlotte City Center(2)   Springing   Springing   10,000,000  
Loan 19 Miracle Mile Shopping Center(2) 219,223 109,612 34,928 4,990 30,250   Springing
Loan 20 Center Promenade(24)   21,993 81,586 7,417 20,875 778,865 Springing
Loan 21 The Arbors   24,343 1,886 1,886 3,600 230,394 Springing

 

A-1-25

 

 

Benchmark 2018-B1

 

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

 

      Upfront Monthly Upfront Monthly Upfront   Monthly
      Tax Tax Insurance Insurance Engineering Other Other
Property Flag ID Property Name Reserves ($)(25) Reserves ($)(26) Reserves($) Reserves ($)(26) Reserve($) Reserves ($) Reserves ($)(26)(27)(28)
Loan 22 Towers at University Town Center(2) 291,420 116,810   Springing   5,185,517  
Loan 23 Olive Park Shopping Center 19,216 9,608 26,488 2,408   3,619  
Loan 24 Two Harbor Point Square(2)(31) 80,167 80,167 4,333 Springing   163,858 1,482
Loan 25 Valley Crossing   33,677   Springing      
Loan 26 AHIP Northeast Portfolio I(2) 404,271 45,000   Springing 34,800 4,519,224  
Property 26.01 Hilton Garden Inn - Baltimore White Marsh              
Property 26.02 Homewood Suites - Allentown West Fogelsville              
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores              
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport              
Property 26.05 Homewood Suites - Dover Rockaway              
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32)   Springing   Springing   12,268,991 Springing
Property 27.01 Larkspur Landing Sunnyvale              
Property 27.02 Larkspur Landing Milpitas              
Property 27.03 Larkspur Landing Campbell              
Property 27.04 Larkspur Landing San Francisco              
Property 27.05 Larkspur Landing Pleasanton              
Property 27.06 Larkspur Landing Bellevue              
Property 27.07 Larkspur Landing Sacramento              
Property 27.08 Hampton Inn Ann Arbor North              
Property 27.09 Larkspur Landing Hillsboro              
Property 27.10 Larkspur Landing Renton              
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark              
Property 27.12 Residence Inn Toledo Maumee              
Property 27.13 Residence Inn Williamsburg              
Property 27.14 Hampton Inn Suites Waco South              
Property 27.15 Holiday Inn Louisville Airport Fair Expo              
Property 27.16 Courtyard Tyler              
Property 27.17 Hilton Garden Inn Edison Raritan Center              
Property 27.18 Hilton Garden Inn St Paul Oakdale              
Property 27.19 Residence Inn Grand Rapids West              
Property 27.20 Peoria, AZ Residence Inn              
Property 27.21 Hampton Inn Suites Bloomington Normal              
Property 27.22 Courtyard Chico              
Property 27.23 Hampton Inn Suites Kokomo              
Property 27.24 Hampton Inn Suites South Bend              
Property 27.25 Courtyard Wichita Falls              
Property 27.26 Hampton Inn Morehead              
Property 27.27 Residence Inn Chico              
Property 27.28 Courtyard Lufkin              
Property 27.29 Hampton Inn Carlisle              
Property 27.30 Springhill Suites Williamsburg              
Property 27.31 Fairfield Inn Bloomington              
Property 27.32 Waco Residence Inn              
Property 27.33 Holiday Inn Express Fishers              
Property 27.34 Larkspur Landing Folsom              
Property 27.35 Springhill Suites Chicago Naperville Warrenville              
Property 27.36 Holiday Inn Express & Suites Paris              
Property 27.37 Toledo Homewood Suites              
Property 27.38 Grand Rapids Homewood Suites              
Property 27.39 Cheyenne Fairfield Inn and Suites              
Property 27.40 Fairfield Inn Laurel              
Property 27.41 Courtyard Akron Stow              
Property 27.42 Larkspur Landing Roseville              
Property 27.43 Towneplace Suites Bloomington              
Property 27.44 Hampton Inn Danville              
Property 27.45 Holiday Inn Norwich              
Property 27.46 Hampton Inn Suites Longview North              
Property 27.47 Springhill Suites Peoria Westlake              
Property 27.48 Hampton Inn Suites Buda              
Property 27.49 Shawnee Hampton Inn              
Property 27.50 Racine Fairfield Inn              
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam              
Property 27.52 Holiday Inn Express & Suites Terrell              
Property 27.53 Westchase Homewood Suites              
Property 27.54 Holiday Inn Express & Suites Tyler South              
Property 27.55 Holiday Inn Express & Suites Huntsville              
Property 27.56 Hampton Inn Sweetwater              
Property 27.57 Comfort Suites Buda Austin South              
Property 27.58 Fairfield Inn & Suites Weatherford              
Property 27.59 Holiday Inn Express & Suites Altus              
Property 27.60 Comfort Inn & Suites Paris              
Property 27.61 Hampton Inn Suites Decatur              
Property 27.62 Holiday Inn Express & Suites Texarkana East              
Property 27.63 Mankato Fairfield Inn              
Property 27.64 Candlewood Suites Texarkana              
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East              

 

A-1-26

 

 

Benchmark 2018-B1

 

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

 

      Upfront Monthly Upfront Monthly Upfront   Monthly
      Tax Tax Insurance Insurance Engineering Other Other
Property Flag ID Property Name Reserves ($)(25) Reserves ($)(26) Reserves($) Reserves ($)(26) Reserve($) Reserves ($) Reserves ($)(26)(27)(28)
Loan 28 4400 PGA Boulevard(24) 174,125 16,552   Springing     1/12 of condominium assessments
Loan 29 Honey Creek Marketplace 15,725 7,863   Springing      
Loan 30 Metro Center V(24) 280,015 35,002 5,627 2,814 275,753 442,078  
Loan 31 1114-1126 Lake Street 167,822 23,975   Springing 1,875 946,000  
Loan 32 William Penn Building 55,863 11,577 2,317 Springing 2,500 1,000,000 Springing
Loan 33 Tri State Neighborhood Center 28,400 28,400   Springing 98,766 1,021,500 Springing
Loan 34 Fairfield Inn & Suites - Panama City Beach 11,908 5,954   Springing   85,000 Springing
Loan 35 Hampton Inn & Suites Shelby 20,355 5,090 12,557 1,795     Springing
Loan 36 Goodale Office(24) 25,256 8,419 944 944 30,120 110,451 Springing
Loan 37 Hampton Inn Glenwood Springs 47,732 6,820 1,242 1,242 15,313 950,000 Springing
Loan 38 Pick ‘n Save Appleton WI   Springing   Springing      
Loan 39 Fresenius Portfolio V 20,250 6,750 1,779 356 13,969    
Property 39.01 Fresenius Dayton              
Property 39.02 Fresenius Davenport              
Property 39.03 Fresenius Rock Island              
Property 39.04 Fresenius Muscatine              
Loan 40 Village Square 112,000 14,000 17,088 4,598      
Loan 41 Q-2 Self Storage 4,614 4,614 17,554 1,463   56,708 18,903
Loan 42 Best Western Plus - Chalmette 4,862 4,862   Springing   60,600 Springing
Loan 43 Afton Village   6,196 5,771 824   9,763 Springing
Loan 44 21st Century Storage - Miami, FL 24,055 8,018 28,439 2,370 11,625    
Loan 45 Hillside Mobile Estates 33,690 11,230 1,679 1,679      
Loan 46 Callahan Plaza 27,505 3,438 8,049 2,683 20,469   Springing
Loan 47 CityLine PA Portfolio 18,379 3,676 6,112 764 48,883    
Property 47.01 Carlisle Self Storage              
Property 47.02 West Chocolate Self Storage              
Loan 48 CityLine BeCubed 33,248 5,541 3,335 417      
Loan 49 Marketplace on Grove 30,500 5,083 1,863 233 3,125    

 

A-1-27

 

 

Benchmark 2018-B1

 

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

 

      Other Environmental      
      Reserves Report Engineering Loan  
Property Flag ID Property Name Description Date(30) Report Date Purpose Sponsor
Loan 1 90 Hudson(2) Lord Abbett CAM Reserve (Upfront: 291,237.85); Tenant Trigger Reserve (Monthly: Springing); Partial Termination Reserve (Monthly: Springing) 09/06/2017 09/06/2017 Refinance Spear Street Capital, LLC; PFA Pension
Loan 2 Valencia Town Center Free Rent Reserve (Upfront: 4,552,918); Ground Rent Reserve (Monthly: 223,125); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 08/23/2017 08/22/2017 Refinance Matthew L. Adler; Adler Kawa Real Estate Fund III, LLC
Loan 3 The Woods(2)   10/27/2017 10/30/2017 Refinance Arcadia Development Co.
Loan 4 Griffin Portfolio(2) T-Mobile Work Reserve (3,653,980); Unfunded Obligations Reserve (2,003,531) Various 09/13/2017 Recapitalization Griffin Capital Essential Asset REIT Inc.
Property 4.01 Restoration Hardware Distribution   09/08/2017 09/13/2017    
Property 4.02 State Farm Regional HQ   9/13/2017; 9/14/2017 09/13/2017    
Property 4.03 North Pointe I   09/13/2017 09/13/2017    
Property 4.04 Corporate Campus at Norterra   09/12/2017 09/13/2017    
Property 4.05 CHRISTUS Health HQ   09/12/2017 09/13/2017    
Property 4.06 Duke Bridges I   09/12/2017 09/13/2017    
Property 4.07 Wells Fargo Operations Center   09/12/2017 09/13/2017    
Property 4.08 Ace Hardware HQ   09/13/2017 09/13/2017    
Property 4.09 Royal Ridge V   09/12/2017 09/13/2017    
Property 4.10 Comcast Regional HQ   09/13/2017 09/13/2017    
Loan 5 Worldwide Plaza(2)(31)(32) Cravath, Swaine & Moore LLP Reserve 09/14/2017 09/14/2017 Refinance SLGOP and RXR Fund III
Loan 6 Station Place III(2)(32) Service Reserve (Upfront: 300,000); Outstanding TI/LC Reserve (Upfront: 115,972.94); SEC/Kaiser Permanente Rollover Reserve (Monthly: Springing) 09/05/2017 09/01/2017 Refinance Seven Hundred 2nd Street Holdings Mezz LLC
Loan 7 Atrium Center(2) Outstanding TI Reserve (Upfront: 21,161,047); Free Rent Reserve (Upfront: 2,397,211.84); Life Time Fitness Reserve (Springing Monthly: Excess Cash Flow) 12/11/2017 11/30/2017 Recapitalization The Bulfinch Companies, Inc.; National Real Estate Advisors; Harrison Street Real Estate Capital, LLC
Loan 8 Sentinel Square II(2) Free Rent Reserve (Upfront: 18,493,311.06); GSA Reserve (Upfront: 600,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 08/30/2017 08/30/2017 Acquisition Hana Alternative Asset Management Co., Ltd.
Loan 9 Spicetree Apartments   10/25/2017 10/20/2017 Acquisition Lightstone Enterprises Limited
Loan 10 Radisson Blu Aqua Hotel(2) DSCR Cure Deposit Reserve (Springing Monthly: Excess Cash Flow) 09/13/2017 09/13/2017 Refinance Seldar Cayman Finance Ltd.
Loan 11 8900 Beverly Future Lease Reserve (Upfront: 2,000,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 10/20/2017 10/20/2017 Refinance Jerry Illoulian; Manouchehr Illoulian
Loan 12 Gateway Net Lease Portfolio(2) Earnout Reserve (Upfront: 10,720,000); Ground Lease Reserve (Monthly: Springing) Various Various Acquisition ETCL Venture LP
Property 12.01 BAE Facility   04/11/2017 02/22/2017    
Property 12.02 FedEx Ground (Stratford)   03/07/2017 02/24/2017    
Property 12.03 FedEx (Baltimore)   03/08/2017 04/07/2017    
Property 12.04 Harman Becker   04/11/2017 04/07/2017    
Property 12.05 GE Aviation (Lafayette)   04/11/2017 02/22/2017    
Property 12.06 GoDaddy   04/11/2017 04/07/2017    
Property 12.07 Carrier   04/21/2017 02/22/2017    
Property 12.08 Emerus   04/11/2017 03/31/2017    
Property 12.09 Cardinal Health   03/08/2017 04/07/2017    
Property 12.10 Tyco Electronics   04/11/2017 02/22/2017    
Property 12.11 FCA/Caterpillar   04/11/2017 04/07/2017    
Property 12.12 FedEx Ground (Staunton)   04/11/2017 04/21/2017    
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park   04/11/2017 04/07/2017    
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park   04/11/2017 04/07/2017    
Property 12.15 T-Mobile Call Center   04/11/2017 04/07/2017    
Property 12.16 Sikorsky Aircraft R&D Facility   04/11/2017 04/07/2017    
Property 12.17 Vatterott College   04/11/2017 04/07/2017    
Property 12.18 Comcast   04/11/2017 04/07/2017    
Property 12.19 Alfa Laval Plant   04/11/2017 04/07/2017    
Property 12.20 LKQ (New Braunfels)   04/11/2017 02/22/2017    
Property 12.21 Hitachi   04/11/2017 04/07/2017    
Property 12.22 Cameron International   03/08/2017 04/07/2017    
Property 12.23 Alliance Data Systems Office   03/08/2017 04/07/2017    
Property 12.24 Synchrony Financial   03/06/2017 04/07/2017    
Property 12.25 Baxalta (Barry Pointe)   04/11/2017 NAP    
Property 12.26 Baxalta (Casselberry)   04/11/2017 NAP    
Property 12.27 Baxalta (Mounds View)   04/11/2017 04/07/2017    
Property 12.28 Baxalta (Grand Rapids)   04/11/2017 04/07/2017    
Property 12.29 Gerdau   03/07/2017 04/07/2017    
Property 12.30 Baxalta (Wausau)   04/11/2017 04/07/2017    
Property 12.31 Baxalta (Springfield)   04/11/2017 04/07/2017    
Property 12.32 LKQ (Salisbury)   03/08/2017 04/07/2017    
Property 12.33 Baxalta (Ankeny)   04/21/2017 04/07/2017    
Property 12.34 H&E Equipment Services (San Antonio)   04/11/2017 04/07/2017    
Property 12.35 H&E Equipment Services (New Orleans)   03/07/2017 04/07/2017    
Property 12.36 GE Aviation (Pompano)   03/07/2017 04/07/2017    
Property 12.37 Saint-Gobain Warehouse   04/11/2017 04/07/2017    
Property 12.38 H&E Equipment Services (Columbia)   04/11/2017 04/07/2017    
Property 12.39 H&E Equipment Services (Yukon)   04/21/2017 04/07/2017    
Property 12.40 LKQ (Toledo)   03/08/2017 04/07/2017    
Property 12.41 H&E Equipment Services (Greer)   04/11/2017 04/07/2017    
Loan 13 Lehigh Valley Mall(2) Outstanding TI/LC Reserve (Upfront: 443,000); Tenant Rent Holdback Reserve (Upfront: 208,533); Release Parcel Reserve (Monthly: Springing) 09/13/2017 09/12/2017 Refinance Simon Property Group, L.P.; Pennsylvania Real Estate Investment Trust
Loan 14 Rochester Hotel Portfolio(2) Seasonality Reserve (Upfront: 300,000; Monthly: Springing); Renovation Reserve (Monthly: 500,000); PIP Reserve (Springing Monthly: Excess Cash Flow) 10/26/2017 10/26/2017 Refinance Javon R. Bea; Vita E. Bea
Property 14.01 Rochester Marriott   10/26/2017 10/26/2017    
Property 14.02 Kahler Grand   10/26/2017 10/26/2017    
Property 14.03 Kahler Inn & Suites   10/26/2017 10/26/2017    
Property 14.04 Residence Inn Rochester   10/26/2017 10/26/2017    
Loan 15 Oasis at Pavilion Park   11/27/2017 11/29/2017 Acquisition BH Equities, L.L.C.
Loan 16 521-523 East 72nd Street(2)(32) Outstanding TI/LC Reserve 05/22/2017 05/22/2017 Refinance Sheldon H. Solow
Loan 17 156-168 Bleecker Pieology Reserve (Upfront: 743,103); Special Insurance Charge Reserve (Upfront: 23,422); Common Charge Reserve (Upfront: 19,709.02); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 10/19/2017 10/19/2017 Refinance RWN Capital Holdings LLC; Joseph Matthew Cassin; David Taylor
Loan 18 Marriott Charlotte City Center(2) Performance Holdback Reserve 05/22/2017 05/22/2017 Acquisition Carey Watermark Investors 2 Incorporated
Loan 19 Miracle Mile Shopping Center(2) Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 08/16/2017 08/15/2017 Acquisition M & J Wilkow, Ltd.
Loan 20 Center Promenade(24) Unfunded Obligations Reserve (Upfront: 704,796); Free Rent Reserve (Upfront: 74,069); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 09/12/2017 09/11/2017 Refinance Benjamin Nazarian; Neil Kadisha
Loan 21 The Arbors Prepaid Rent Reserve (Upfront: 137,602.24); Approved Leasing Expense Reserve (Upfront: 81,291.67); Free Rent Reserve (Upfront: 11,500.12); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 09/19/2017 10/02/2017 Acquisition Ohad Gil; Niv Brightman; Eucalyptus Real Estate Fund LP; B&G RE Fund II LP

 

A-1-28

 

 

Benchmark 2018-B1

 

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

 

      Other Environmental      
      Reserves Report Engineering Loan  
Property Flag ID Property Name Description Date(30) Report Date Purpose Sponsor
Loan 22 Towers at University Town Center(2) Planned Capital Improvements Reserve (Upfront: 5,083,948); Prepaid Rent Reserve (Upfront: 101,568.51) 10/19/2017 10/18/2017 Acquisition Harold Rosenblum
Loan 23 Olive Park Shopping Center Sprouts Signage Reserve 08/25/2017 08/24/2017 Refinance Daniel L. Brown; Nicholas D. Brown
Loan 24 Two Harbor Point Square(2)(31) Unfunded Obligations Reserve (Upfront: 154,346.10); Declarations Assessment Reserve (Upfront: 6,547.55; Monthly: Springing); WPCA Assessment Reserve (Upfront: 2,964.46; Monthly: 1,482.23) 10/11/2017 11/16/2017 Refinance Harbor Point Holding Company LLC
Loan 25 Valley Crossing   10/26/2017 10/27/2017 Refinance Josh Aruh
Loan 26 AHIP Northeast Portfolio I(2) PIP Reserve (Upfront: 4,519,224) Various Various Acquisition American Hotel Income Properties REIT Inc.
Property 26.01 Hilton Garden Inn - Baltimore White Marsh   05/15/2017 05/15/2017    
Property 26.02 Homewood Suites - Allentown West Fogelsville   05/10/2017 05/10/2017    
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores   05/15/2017 05/15/2017    
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport   05/15/2017 05/11/2017    
Property 26.05 Homewood Suites - Dover Rockaway   05/16/2017 05/15/2017    
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) Larkspur Landing Capital Work Reserve (Upfront: 6,385,000); Capital Work Reserve (Upfront: 5,883,991; Future one-time deposit: Springing); Ground Rent Reserve (Monthly: Springing) Various Various Refinance SCG Hotel Investors Holdings, L.P.
Property 27.01 Larkspur Landing Sunnyvale   04/26/2017 04/28/2017    
Property 27.02 Larkspur Landing Milpitas   04/19/2017 04/28/2017    
Property 27.03 Larkspur Landing Campbell   04/19/2017 04/28/2017    
Property 27.04 Larkspur Landing San Francisco   04/26/2017 04/28/2017    
Property 27.05 Larkspur Landing Pleasanton   04/27/2017 04/28/2017    
Property 27.06 Larkspur Landing Bellevue   04/21/2017 04/28/2017    
Property 27.07 Larkspur Landing Sacramento   04/21/2017 04/28/2017    
Property 27.08 Hampton Inn Ann Arbor North   04/28/2017 04/28/2017    
Property 27.09 Larkspur Landing Hillsboro   04/19/2017 04/28/2017    
Property 27.10 Larkspur Landing Renton   04/26/2017 04/28/2017    
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark   04/04/2017 04/07/2017    
Property 27.12 Residence Inn Toledo Maumee   04/20/2017 04/28/2017    
Property 27.13 Residence Inn Williamsburg   04/28/2017 04/24/2017    
Property 27.14 Hampton Inn Suites Waco South   04/05/2017 04/07/2017    
Property 27.15 Holiday Inn Louisville Airport Fair Expo   04/25/2017 04/28/2017    
Property 27.16 Courtyard Tyler   03/29/2017 04/07/2017    
Property 27.17 Hilton Garden Inn Edison Raritan Center   04/20/2017 04/28/2017    
Property 27.18 Hilton Garden Inn St Paul Oakdale   04/18/2017 04/28/2017    
Property 27.19 Residence Inn Grand Rapids West   04/19/2017 04/28/2017    
Property 27.20 Peoria, AZ Residence Inn   04/08/2017 04/07/2017    
Property 27.21 Hampton Inn Suites Bloomington Normal   04/28/2017 04/28/2017    
Property 27.22 Courtyard Chico   04/21/2017 04/28/2017    
Property 27.23 Hampton Inn Suites Kokomo   04/17/2017 04/28/2017    
Property 27.24 Hampton Inn Suites South Bend   04/21/2017 04/28/2017    
Property 27.25 Courtyard Wichita Falls   04/02/2017 04/07/2017    
Property 27.26 Hampton Inn Morehead   04/19/2017 04/28/2017    
Property 27.27 Residence Inn Chico   04/19/2017 04/28/2017    
Property 27.28 Courtyard Lufkin   04/03/2017 04/07/2017    
Property 27.29 Hampton Inn Carlisle   04/25/2017 04/28/2017    
Property 27.30 Springhill Suites Williamsburg   04/21/2017 04/25/2017    
Property 27.31 Fairfield Inn Bloomington   04/20/2017 04/28/2017    
Property 27.32 Waco Residence Inn   04/11/2017 04/07/2017    
Property 27.33 Holiday Inn Express Fishers   04/26/2017 04/28/2017    
Property 27.34 Larkspur Landing Folsom   04/28/2017 04/28/2017    
Property 27.35 Springhill Suites Chicago Naperville Warrenville   04/27/2017 04/28/2017    
Property 27.36 Holiday Inn Express & Suites Paris   04/07/2017 04/07/2017    
Property 27.37 Toledo Homewood Suites   04/03/2017 04/07/2017    
Property 27.38 Grand Rapids Homewood Suites   04/04/2017 04/07/2017    
Property 27.39 Cheyenne Fairfield Inn and Suites   04/10/2017 04/07/2017    
Property 27.40 Fairfield Inn Laurel   04/19/2017 04/28/2017    
Property 27.41 Courtyard Akron Stow   04/15/2017 04/28/2017    
Property 27.42 Larkspur Landing Roseville   04/28/2017 04/25/2017    
Property 27.43 Towneplace Suites Bloomington   04/25/2017 04/28/2017    
Property 27.44 Hampton Inn Danville   04/20/2017 04/28/2017    
Property 27.45 Holiday Inn Norwich   04/21/2017 04/28/2017    
Property 27.46 Hampton Inn Suites Longview North   04/03/2017 04/07/2017    
Property 27.47 Springhill Suites Peoria Westlake   04/28/2017 04/28/2017    
Property 27.48 Hampton Inn Suites Buda   04/05/2017 04/07/2017    
Property 27.49 Shawnee Hampton Inn   04/10/2017 04/07/2017    
Property 27.50 Racine Fairfield Inn   03/31/2017 04/07/2017    
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam   04/21/2017 04/25/2017    
Property 27.52 Holiday Inn Express & Suites Terrell   04/07/2017 04/07/2017    
Property 27.53 Westchase Homewood Suites   04/10/2017 04/10/2017    
Property 27.54 Holiday Inn Express & Suites Tyler South   04/04/2017 04/07/2017    
Property 27.55 Holiday Inn Express & Suites Huntsville   04/07/2017 04/07/2017    
Property 27.56 Hampton Inn Sweetwater   04/07/2017 04/07/2017    
Property 27.57 Comfort Suites Buda Austin South   03/30/2017 04/07/2017    
Property 27.58 Fairfield Inn & Suites Weatherford   04/06/2017 04/07/2017    
Property 27.59 Holiday Inn Express & Suites Altus   04/05/2017 04/07/2017    
Property 27.60 Comfort Inn & Suites Paris   04/07/2017 04/07/2017    
Property 27.61 Hampton Inn Suites Decatur   04/05/2017 04/07/2017    
Property 27.62 Holiday Inn Express & Suites Texarkana East   04/03/2017 04/07/2017    
Property 27.63 Mankato Fairfield Inn   04/07/2017 04/07/2017    
Property 27.64 Candlewood Suites Texarkana   04/04/2017 04/07/2017    
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East   04/07/2017 04/07/2017    

 

A-1-29

 

 

Benchmark 2018-B1

 

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

 

      Other Environmental      
      Reserves Report Engineering Loan  
Property Flag ID Property Name Description Date(30) Report Date Purpose Sponsor
Loan 28 4400 PGA Boulevard(24) Condominium Assessment Reserve (Monthly: 1/12 of condominium assessments); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 07/28/2017 07/28/2017 Recapitalization A. John Merola
Loan 29 Honey Creek Marketplace   10/31/2017 11/01/2017 Refinance Woody Mann, Jr.
Loan 30 Metro Center V(24) Approved Leasing Expense Reserve (Upfront: 266,255.50); Metro Fitness Reserve (Upfront: 150,741.50); Free Rent Reserve (Upfront: 25,080.88) 11/13/2017 10/11/2017 Acquisition Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah
Loan 31 1114-1126 Lake Street Economic Holdback Reserve (Upfront: 830,000); Bruegger’s Space TILC Reserve (Upfront: 116,000) 11/06/2017 11/07/2017 Refinance Antonio Vallado
Loan 32 William Penn Building Holdback Reserve (Upfront: 1,000,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 11/06/2017 10/06/2017 Acquisition Edward Kaen
Loan 33 Tri State Neighborhood Center Environmental Reserve (Upfront: 1,021,500; Future one-time deposit: Springing) 10/27/2017 10/23/2017 Refinance JCSK Holdings, LLC
Loan 34 Fairfield Inn & Suites - Panama City Beach Seasonality Reserve (Upfront: 85,000; Monthly: Springing); PIP Reserve (Monthly: Springing) 09/22/2017 09/22/2017 Refinance Bui Nguyen
Loan 35 Hampton Inn & Suites Shelby PIP Reserve (Monthly: Springing) 09/25/2017 09/25/2017 Refinance Sandesh Patel
Loan 36 Goodale Office(24) Outstanding TI/LC Reserve (Upfront: 64,140); Free Rent Reserve (Upfront: 46,310.94); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) 09/05/2017 09/01/2017 Acquisition Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah
Loan 37 Hampton Inn Glenwood Springs PIP Reserve (Upfront: 950,000; Monthly: Springing) 10/18/2017 10/18/2017 Acquisition Anthony Jon Sherman
Loan 38 Pick ‘n Save Appleton WI   11/13/2017 11/10/2017 Refinance Martha A. Spencer
Loan 39 Fresenius Portfolio V   Various Various Acquisition Louis J. Rogers
Property 39.01 Fresenius Dayton   06/16/2017 06/16/2017    
Property 39.02 Fresenius Davenport   05/08/2017 05/08/2017    
Property 39.03 Fresenius Rock Island   05/08/2017 05/08/2017    
Property 39.04 Fresenius Muscatine   05/08/2017 05/08/2017    
Loan 40 Village Square   06/06/2017 06/06/2017 Refinance Robert Rishwain
Loan 41 Q-2 Self Storage Ground Rent Reserve 11/03/2017 11/02/2017 Refinance Mark Helm; Chris Dischinger; Mark Lechner
Loan 42 Best Western Plus - Chalmette PIP Reserve (Upfront: 60,600; Monthly: Springing) 09/22/2017 09/22/2017 Refinance Bui Nguyen
Loan 43 Afton Village Common Charges Reserve (Upfront: 9,762.72; Monthly: Springing) 10/05/2017 10/05/2017 Refinance David Mayfield
Loan 44 21st Century Storage - Miami, FL   10/05/2017 10/06/2017 Refinance Clayton Gentry
Loan 45 Hillside Mobile Estates   10/18/2017 10/18/2017 Refinance Gary Lee Larkins; James L. Brown; Peter Predics; Barbara Jean Stepanian
Loan 46 Callahan Plaza Occupancy Reserve 04/19/2017 04/19/2017 Acquisition Thomas J. Cannon III
Loan 47 CityLine PA Portfolio   Various 10/30/2017 Acquisition George Thacker; Lawrence Charles Kaplan; Andreas Calianos; Richard Schontz
Property 47.01 Carlisle Self Storage   11/01/2017 10/30/2017    
Property 47.02 West Chocolate Self Storage   10/31/2017 10/30/2017    
Loan 48 CityLine BeCubed   11/15/2017 11/14/2017 Acquisition Alex Meshechok; Lawrence Charles Kaplan; Richard Schontz
Loan 49 Marketplace on Grove   06/20/2017 06/06/2017 Refinance David Altemus

 

A-1-30

 

 

Benchmark 2018-B1

 

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

 

         
Property Flag ID Property Name Guarantor Previous Securitization
Loan 1 90 Hudson(2) SSC V, L.P.  
Loan 2 Valencia Town Center Matthew L. Adler; Adler Kawa Real Estate Fund III, LLC  
Loan 3 The Woods(2) NAP  
Loan 4 Griffin Portfolio(2) Griffin Capital Essential Asset REIT Inc.  
Property 4.01 Restoration Hardware Distribution    
Property 4.02 State Farm Regional HQ    
Property 4.03 North Pointe I    
Property 4.04 Corporate Campus at Norterra    
Property 4.05 CHRISTUS Health HQ    
Property 4.06 Duke Bridges I    
Property 4.07 Wells Fargo Operations Center    
Property 4.08 Ace Hardware HQ    
Property 4.09 Royal Ridge V    
Property 4.10 Comcast Regional HQ    
Loan 5 Worldwide Plaza(2)(31)(32) SL Green Operating Partnership, L.P., RXR Real Estate Value Added Fund - Fund III LP, RXR RE VAF - Fund III Parallel A LP, RXR RE VAF - Fund III Parallel B LP, RXR RE VAF - Fund III Parallel B (REIT) LP, RXR RE VAF - Fund III Parallel C LP and RXR RE VAF - Fund III Parallel D LP COMM 2013-WWP
Loan 6 Station Place III(2)(32) NAP MSC 2011-C1
Loan 7 Atrium Center(2) NAP  
Loan 8 Sentinel Square II(2) NAP  
Loan 9 Spicetree Apartments LSG Enterprises LLC  
Loan 10 Radisson Blu Aqua Hotel(2) Seldar Cayman Finance Ltd.  
Loan 11 8900 Beverly Jerry Illoulian; Manouchehr Illoulian  
Loan 12 Gateway Net Lease Portfolio(2) NAP  
Property 12.01 BAE Facility    
Property 12.02 FedEx Ground (Stratford)    
Property 12.03 FedEx (Baltimore)    
Property 12.04 Harman Becker    
Property 12.05 GE Aviation (Lafayette)    
Property 12.06 GoDaddy    
Property 12.07 Carrier    
Property 12.08 Emerus    
Property 12.09 Cardinal Health    
Property 12.10 Tyco Electronics    
Property 12.11 FCA/Caterpillar    
Property 12.12 FedEx Ground (Staunton)    
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park    
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park    
Property 12.15 T-Mobile Call Center    
Property 12.16 Sikorsky Aircraft R&D Facility    
Property 12.17 Vatterott College    
Property 12.18 Comcast    
Property 12.19 Alfa Laval Plant    
Property 12.20 LKQ (New Braunfels)    
Property 12.21 Hitachi    
Property 12.22 Cameron International    
Property 12.23 Alliance Data Systems Office    
Property 12.24 Synchrony Financial    
Property 12.25 Baxalta (Barry Pointe)    
Property 12.26 Baxalta (Casselberry)    
Property 12.27 Baxalta (Mounds View)    
Property 12.28 Baxalta (Grand Rapids)    
Property 12.29 Gerdau    
Property 12.30 Baxalta (Wausau)    
Property 12.31 Baxalta (Springfield)    
Property 12.32 LKQ (Salisbury)    
Property 12.33 Baxalta (Ankeny)    
Property 12.34 H&E Equipment Services (San Antonio)    
Property 12.35 H&E Equipment Services (New Orleans)    
Property 12.36 GE Aviation (Pompano)    
Property 12.37 Saint-Gobain Warehouse    
Property 12.38 H&E Equipment Services (Columbia)    
Property 12.39 H&E Equipment Services (Yukon)    
Property 12.40 LKQ (Toledo)    
Property 12.41 H&E Equipment Services (Greer)    
Loan 13 Lehigh Valley Mall(2) Simon Property Group, L.P.  
Loan 14 Rochester Hotel Portfolio(2) Javon R. Bea; Vita E. Bea  
Property 14.01 Rochester Marriott   COMM 2013-CR6
Property 14.02 Kahler Grand   COMM 2013-CR6
Property 14.03 Kahler Inn & Suites   COMM 2013-CR6
Property 14.04 Residence Inn Rochester   COMM 2013-CR6
Loan 15 Oasis at Pavilion Park BH Equities, L.L.C.  
Loan 16 521-523 East 72nd Street(2)(32) Sheldon H. Solow  
Loan 17 156-168 Bleecker RWN Capital Holdings LLC; Joseph Matthew Cassin; David Taylor  
Loan 18 Marriott Charlotte City Center(2) Carey Watermark Investors 2 Incorporated  
Loan 19 Miracle Mile Shopping Center(2) M & J Wilkow, Ltd.  
Loan 20 Center Promenade(24) Benjamin Nazarian; Neil Kadisha  
Loan 21 The Arbors Ohad Gil; Niv Brightman; Eucalyptus Real Estate Fund LP; B&G RE Fund II LP  

 

A-1-31

 

 

Benchmark 2018-B1

 

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

 

         
Property Flag ID Property Name Guarantor Previous Securitization
Loan 22 Towers at University Town Center(2) Harold Rosenblum MLCFC 2007-8
Loan 23 Olive Park Shopping Center Daniel L. Brown; Nicholas D. Brown  
Loan 24 Two Harbor Point Square(2)(31) Harbor Point Holding Company LLC  
Loan 25 Valley Crossing Josh Aruh  
Loan 26 AHIP Northeast Portfolio I(2) American Hotel Income Properties REIT Inc.  
Property 26.01 Hilton Garden Inn - Baltimore White Marsh    
Property 26.02 Homewood Suites - Allentown West Fogelsville    
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores    
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport    
Property 26.05 Homewood Suites - Dover Rockaway    
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) SCG Hotel Investors Holdings, L.P.  
Property 27.01 Larkspur Landing Sunnyvale   COMM 2013-CR6; COMM 2013-CR7
Property 27.02 Larkspur Landing Milpitas   COMM 2013-CR6; COMM 2013-CR7
Property 27.03 Larkspur Landing Campbell   COMM 2013-CR6; COMM 2013-CR7
Property 27.04 Larkspur Landing San Francisco   COMM 2013-CR6; COMM 2013-CR7
Property 27.05 Larkspur Landing Pleasanton   COMM 2013-CR6; COMM 2013-CR7
Property 27.06 Larkspur Landing Bellevue   COMM 2013-CR6; COMM 2013-CR7
Property 27.07 Larkspur Landing Sacramento   COMM 2013-CR6; COMM 2013-CR7
Property 27.08 Hampton Inn Ann Arbor North    
Property 27.09 Larkspur Landing Hillsboro   COMM 2013-CR6; COMM 2013-CR7
Property 27.10 Larkspur Landing Renton   COMM 2013-CR6; COMM 2013-CR7
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark   WFCM 2012-LC5
Property 27.12 Residence Inn Toledo Maumee    
Property 27.13 Residence Inn Williamsburg   WFRBS 2013-C11
Property 27.14 Hampton Inn Suites Waco South   WFCM 2012-LC5
Property 27.15 Holiday Inn Louisville Airport Fair Expo   WFRBS 2012-C10
Property 27.16 Courtyard Tyler   WFCM 2012-LC5
Property 27.17 Hilton Garden Inn Edison Raritan Center   WFRBS 2013-C11
Property 27.18 Hilton Garden Inn St Paul Oakdale    
Property 27.19 Residence Inn Grand Rapids West    
Property 27.20 Peoria, AZ Residence Inn   GSMS 2012-GCJ9
Property 27.21 Hampton Inn Suites Bloomington Normal    
Property 27.22 Courtyard Chico    
Property 27.23 Hampton Inn Suites Kokomo    
Property 27.24 Hampton Inn Suites South Bend    
Property 27.25 Courtyard Wichita Falls   WFCM 2012-LC5
Property 27.26 Hampton Inn Morehead   CSMC 2008-C1
Property 27.27 Residence Inn Chico    
Property 27.28 Courtyard Lufkin   WFCM 2012-LC5
Property 27.29 Hampton Inn Carlisle   WFRBS 2013-C11
Property 27.30 Springhill Suites Williamsburg   WFRBS 2013-C11
Property 27.31 Fairfield Inn Bloomington    
Property 27.32 Waco Residence Inn   GSMS 2012-GCJ9
Property 27.33 Holiday Inn Express Fishers   WFRBS 2012-C10
Property 27.34 Larkspur Landing Folsom   COMM 2013-CR6; COMM 2013-CR7
Property 27.35 Springhill Suites Chicago Naperville Warrenville    
Property 27.36 Holiday Inn Express & Suites Paris   WFCM 2012-LC5
Property 27.37 Toledo Homewood Suites   GSMS 2012-GCJ9
Property 27.38 Grand Rapids Homewood Suites   GSMS 2012-GCJ9
Property 27.39 Cheyenne Fairfield Inn and Suites   GSMS 2012-GCJ9
Property 27.40 Fairfield Inn Laurel   WFRBS 2013-C11
Property 27.41 Courtyard Akron Stow   WFRBS 2012-C10
Property 27.42 Larkspur Landing Roseville   COMM 2013-CR6; COMM 2013-CR7
Property 27.43 Towneplace Suites Bloomington    
Property 27.44 Hampton Inn Danville   WFRBS 2013-C11
Property 27.45 Holiday Inn Norwich   WFRBS 2013-C11
Property 27.46 Hampton Inn Suites Longview North   WFCM 2012-LC5
Property 27.47 Springhill Suites Peoria Westlake    
Property 27.48 Hampton Inn Suites Buda   WFCM 2012-LC5
Property 27.49 Shawnee Hampton Inn   GSMS 2012-GCJ9
Property 27.50 Racine Fairfield Inn   GSMS 2012-GCJ9
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam   WFRBS 2013-C11
Property 27.52 Holiday Inn Express & Suites Terrell   WFCM 2012-LC5
Property 27.53 Westchase Homewood Suites   GSMS 2012-GCJ9
Property 27.54 Holiday Inn Express & Suites Tyler South   WFCM 2012-LC5
Property 27.55 Holiday Inn Express & Suites Huntsville   WFCM 2012-LC5
Property 27.56 Hampton Inn Sweetwater   WFCM 2012-LC5
Property 27.57 Comfort Suites Buda Austin South   WFCM 2012-LC5
Property 27.58 Fairfield Inn & Suites Weatherford   WFCM 2012-LC5
Property 27.59 Holiday Inn Express & Suites Altus   WFCM 2012-LC5
Property 27.60 Comfort Inn & Suites Paris   WFCM 2012-LC5
Property 27.61 Hampton Inn Suites Decatur   WFCM 2012-LC5
Property 27.62 Holiday Inn Express & Suites Texarkana East   WFCM 2012-LC5
Property 27.63 Mankato Fairfield Inn   GSMS 2012-GCJ9
Property 27.64 Candlewood Suites Texarkana   WFCM 2012-LC5
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East   WFCM 2012-LC5

 

A-1-32

 

 

Benchmark 2018-B1

 

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

 

         
Property Flag ID Property Name Guarantor Previous Securitization
Loan 28 4400 PGA Boulevard(24) A. John Merola  
Loan 29 Honey Creek Marketplace Woody Mann, Jr.  
Loan 30 Metro Center V(24) Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah  
Loan 31 1114-1126 Lake Street Antonio Vallado  
Loan 32 William Penn Building Edward Kaen  
Loan 33 Tri State Neighborhood Center JCSK Holdings, LLC BSCMS 2007-PW18
Loan 34 Fairfield Inn & Suites - Panama City Beach Bui Nguyen  
Loan 35 Hampton Inn & Suites Shelby Sandesh Patel  
Loan 36 Goodale Office(24) Abhishek Mathur; Brian C. Adams; Abhinav Somani; Anita Shah  
Loan 37 Hampton Inn Glenwood Springs Anthony Jon Sherman  
Loan 38 Pick ‘n Save Appleton WI Martha A. Spencer  
Loan 39 Fresenius Portfolio V Louis J. Rogers  
Property 39.01 Fresenius Dayton    
Property 39.02 Fresenius Davenport    
Property 39.03 Fresenius Rock Island    
Property 39.04 Fresenius Muscatine    
Loan 40 Village Square Robert Rishwain CGCMT 2008-C7
Loan 41 Q-2 Self Storage Mark Helm; Chris Dischinger; Mark Lechner  
Loan 42 Best Western Plus - Chalmette Bui Nguyen  
Loan 43 Afton Village David Mayfield JPMCC 2007-C1
Loan 44 21st Century Storage - Miami, FL Clayton Gentry  
Loan 45 Hillside Mobile Estates Gary Lee Larkins; James L. Brown; Peter Predics; Barbara Jean Stepanian  
Loan 46 Callahan Plaza Thomas J. Cannon III  
Loan 47 CityLine PA Portfolio George Thacker; Lawrence Charles Kaplan; Andreas Calianos; Richard Schontz  
Property 47.01 Carlisle Self Storage    
Property 47.02 West Chocolate Self Storage    
Loan 48 CityLine BeCubed Alex Meshechok; Lawrence Charles Kaplan; Richard Schontz FDIC 2012-C1
Loan 49 Marketplace on Grove David Altemus BSCMS 2007-T28

 

A-1-33

 

 

Benchmark 2018-B1

 

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

 

            Existing   Future Debt
            Additional Sub Debt   Permitted
Property Flag ID Property Name 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 90 Hudson(2) 60,000,000 60,000,000 60,000,000   None NAP
Loan 2 Valencia Town Center NAP NAP NAP   None NAP
Loan 3 The Woods(2) 142,500,000 142,500,000 142,500,000   None NAP
Loan 4 Griffin Portfolio(2) 320,000,000 320,000,000 320,000,000   None NAP
Property 4.01 Restoration Hardware Distribution 66,560,000 66,560,000 66,560,000      
Property 4.02 State Farm Regional HQ 59,273,387 59,273,387 59,273,387      
Property 4.03 North Pointe I 33,834,667 33,834,667 33,834,667      
Property 4.04 Corporate Campus at Norterra 33,280,000 33,280,000 33,280,000      
Property 4.05 CHRISTUS Health HQ 30,889,387 30,889,387 30,889,387      
Property 4.06 Duke Bridges I 23,445,760 23,445,760 23,445,760      
Property 4.07 Wells Fargo Operations Center 23,018,667 23,018,667 23,018,667      
Property 4.08 Ace Hardware HQ 19,413,333 19,413,333 19,413,333      
Property 4.09 Royal Ridge V 18,248,533 18,248,533 18,248,533      
Property 4.10 Comcast Regional HQ 12,036,267 12,036,267 12,036,267      
Loan 5 Worldwide Plaza(2)(31)(32) 566,286,000 566,286,000 566,286,000 583,714,000 $323,714,000 B-Notes; $260,000,000 Mezzanine Debt Mezzanine; Debt-like Preferred Equity
Loan 6 Station Place III(2)(32) 140,000,000 140,000,000 140,000,000   None Mezzanine
Loan 7 Atrium Center(2) 65,000,000 65,000,000 65,000,000   None NAP
Loan 8 Sentinel Square II(2) 57,660,000 57,660,000 57,660,000   None NAP
Loan 9 Spicetree Apartments NAP NAP NAP   None NAP
Loan 10 Radisson Blu Aqua Hotel(2) 20,000,000 20,000,000 20,000,000   None NAP
Loan 11 8900 Beverly NAP NAP NAP   None NAP
Loan 12 Gateway Net Lease Portfolio(2) 310,900,000 310,900,000 310,900,000 170,000,000 B-Note NAP
Property 12.01 BAE Facility 25,894,463 25,894,463 25,894,463      
Property 12.02 FedEx Ground (Stratford) 24,943,335 24,943,335 24,943,335      
Property 12.03 FedEx (Baltimore) 22,963,799 22,963,799 22,963,799      
Property 12.04 Harman Becker 18,291,382 18,291,382 18,291,382      
Property 12.05 GE Aviation (Lafayette) 17,423,478 17,423,478 17,423,478      
Property 12.06 GoDaddy 15,443,943 15,443,943 15,443,943      
Property 12.07 Carrier 15,241,828 15,241,828 15,241,828      
Property 12.08 Emerus 12,394,388 12,394,388 12,394,388      
Property 12.09 Cardinal Health 12,055,549 12,055,549 12,055,549      
Property 12.10 Tyco Electronics 11,936,658 11,936,658 11,936,658      
Property 12.11 FCA/Caterpillar 11,247,090 11,247,090 11,247,090      
Property 12.12 FedEx Ground (Staunton) 9,463,725 9,463,725 9,463,725      
Property 12.13 Quad Packaging (Proteus) - Franklin Business Park 7,918,141 7,918,141 7,918,141      
Property 12.14 Quad Packaging (Transpak) - Franklin Business Park 7,840,862 7,840,862 7,840,862      
Property 12.15 T-Mobile Call Center 7,317,742 7,317,742 7,317,742      
Property 12.16 Sikorsky Aircraft R&D Facility 7,085,904 7,085,904 7,085,904      
Property 12.17 Vatterott College 6,574,673 6,574,673 6,574,673      
Property 12.18 Comcast 5,896,994 5,896,994 5,896,994      
Property 12.19 Alfa Laval Plant 5,379,818 5,379,818 5,379,818      
Property 12.20 LKQ (New Braunfels) 5,308,484 5,308,484 5,308,484      
Property 12.21 Hitachi 5,070,702 5,070,702 5,070,702      
Property 12.22 Cameron International 4,821,031 4,821,031 4,821,031      
Property 12.23 Alliance Data Systems Office 4,571,359 4,571,359 4,571,359      
Property 12.24 Synchrony Financial 4,256,298 4,256,298 4,256,298      
Property 12.25 Baxalta (Barry Pointe) 3,263,558 3,263,558 3,263,558      
Property 12.26 Baxalta (Casselberry) 3,109,000 3,109,000 3,109,000      
Property 12.27 Baxalta (Mounds View) 2,936,608 2,936,608 2,936,608      
Property 12.28 Baxalta (Grand Rapids) 2,930,663 2,930,663 2,930,663      
Property 12.29 Gerdau 2,930,663 2,930,663 2,930,663      
Property 12.30 Baxalta (Wausau) 2,853,384 2,853,384 2,853,384      
Property 12.31 Baxalta (Springfield) 2,770,161 2,770,161 2,770,161      
Property 12.32 LKQ (Salisbury) 2,770,161 2,770,161 2,770,161      
Property 12.33 Baxalta (Ankeny) 2,615,602 2,615,602 2,615,602      
Property 12.34 H&E Equipment Services (San Antonio) 2,294,597 2,294,597 2,294,597      
Property 12.35 H&E Equipment Services (New Orleans) 2,157,872 2,157,872 2,157,872      
Property 12.36 GE Aviation (Pompano) 2,021,147 2,021,147 2,021,147      
Property 12.37 Saint-Gobain Warehouse 1,819,033 1,819,033 1,819,033      
Property 12.38 H&E Equipment Services (Columbia) 1,801,199 1,801,199 1,801,199      
Property 12.39 H&E Equipment Services (Yukon) 1,777,421 1,777,421 1,777,421      
Property 12.40 LKQ (Toledo) 1,771,476 1,771,476 1,771,476      
Property 12.41 H&E Equipment Services (Greer) 1,735,809 1,735,809 1,735,809      
Loan 13 Lehigh Valley Mall(2) 158,000,000 157,566,242 125,747,027   None NAP
Loan 14 Rochester Hotel Portfolio(2) 100,000,000 100,000,000 83,170,313   None NAP
Property 14.01 Rochester Marriott 38,035,714 38,035,714 31,634,423      
Property 14.02 Kahler Grand 36,071,429 36,071,429 30,000,720      
Property 14.03 Kahler Inn & Suites 15,178,571 15,178,571 12,624,065      
Property 14.04 Residence Inn Rochester 10,714,286 10,714,286 8,911,105      
Loan 15 Oasis at Pavilion Park NAP NAP NAP   None NAP
Loan 16 521-523 East 72nd Street(2)(32) 50,000,000 50,000,000 50,000,000   None Mezzanine
Loan 17 156-168 Bleecker NAP NAP NAP   None NAP
Loan 18 Marriott Charlotte City Center(2) 73,000,000 73,000,000 73,000,000   None NAP
Loan 19 Miracle Mile Shopping Center(2) 28,000,000 28,000,000 25,555,903   None NAP
Loan 20 Center Promenade(24) NAP NAP NAP   None NAP
Loan 21 The Arbors NAP NAP NAP   None NAP

 

A-1-34

 

 

Benchmark 2018-B1

 

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

 

            Existing   Future Debt
            Additional Sub Debt   Permitted
Property Flag ID Property Name 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 22 Towers at University Town Center(2) 26,000,000 26,000,000 22,897,774   None NAP
Loan 23 Olive Park Shopping Center NAP NAP NAP   None NAP
Loan 24 Two Harbor Point Square(2)(31) 34,750,000 34,750,000 31,652,159 11,500,000 Mezzanine Debt NAP
Loan 25 Valley Crossing NAP NAP NAP   None NAP
Loan 26 AHIP Northeast Portfolio I(2) 55,000,000 55,000,000 50,355,462   None NAP
Property 26.01 Hilton Garden Inn - Baltimore White Marsh 15,745,967 15,745,967 14,416,281      
Property 26.02 Homewood Suites - Allentown West Fogelsville 10,645,161 10,645,161 9,746,219      
Property 26.03 Courtyard by Marriott - Wall at Monmouth Shores 10,423,387 10,423,387 9,543,173      
Property 26.04 SpringHill Suites - Arundel Mills BWI Airport 10,201,613 10,201,613 9,340,126      
Property 26.05 Homewood Suites - Dover Rockaway 7,983,871 7,983,871 7,309,664      
Loan 27 Starwood Capital Group Hotel Portfolio(2)(32) 562,952,500 562,952,500 562,952,500   None Mezzanine
Property 27.01 Larkspur Landing Sunnyvale 33,223,104 33,223,104 33,223,104      
Property 27.02 Larkspur Landing Milpitas 27,994,132 27,994,132 27,994,132      
Property 27.03 Larkspur Landing Campbell 24,614,430 24,614,430 24,614,430      
Property 27.04 Larkspur Landing San Francisco 20,278,210 20,278,210 20,278,210      
Property 27.05 Larkspur Landing Pleasanton 19,831,833 19,831,833 19,831,833      
Property 27.06 Larkspur Landing Bellevue 17,663,724 17,663,724 17,663,724      
Property 27.07 Larkspur Landing Sacramento 13,199,967 13,199,967 13,199,967      
Property 27.08 Hampton Inn Ann Arbor North 12,881,127 12,881,127 12,881,127      
Property 27.09 Larkspur Landing Hillsboro 12,881,127 12,881,127 12,881,127      
Property 27.10 Larkspur Landing Renton 12,753,591 12,753,591 12,753,591      
Property 27.11 Holiday Inn Arlington Northeast Rangers Ballpark 12,243,447 12,243,447 12,243,447      
Property 27.12 Residence Inn Toledo Maumee 12,115,912 12,115,912 12,115,912      
Property 27.13 Residence Inn Williamsburg 11,605,768 11,605,768 11,605,768      
Property 27.14 Hampton Inn Suites Waco South 10,713,016 10,713,016 10,713,016      
Property 27.15 Holiday Inn Louisville Airport Fair Expo 10,521,713 10,521,713 10,521,713      
Property 27.16 Courtyard Tyler 10,330,409 10,330,409 10,330,409      
Property 27.17 Hilton Garden Inn Edison Raritan Center 10,330,409 10,330,409 10,330,409      
Property 27.18 Hilton Garden Inn St Paul Oakdale 10,202,873 10,202,873 10,202,873      
Property 27.19 Residence Inn Grand Rapids West 10,075,337 10,075,337 10,075,337      
Property 27.20 Peoria, AZ Residence Inn 10,011,569 10,011,569 10,011,569      
Property 27.21 Hampton Inn Suites Bloomington Normal 9,947,801 9,947,801 9,947,801      
Property 27.22 Courtyard Chico 9,756,497 9,756,497 9,756,497      
Property 27.23 Hampton Inn Suites Kokomo 9,437,657 9,437,657 9,437,657      
Property 27.24 Hampton Inn Suites South Bend 9,437,657 9,437,657 9,437,657      
Property 27.25 Courtyard Wichita Falls 8,991,282 8,991,282 8,991,282      
Property 27.26 Hampton Inn Morehead 8,736,210 8,736,210 8,736,210      
Property 27.27 Residence Inn Chico 8,481,138 8,481,138 8,481,138      
Property 27.28 Courtyard Lufkin 8,098,530 8,098,530 8,098,530      
Property 27.29 Hampton Inn Carlisle 8,034,762 8,034,762 8,034,762      
Property 27.30 Springhill Suites Williamsburg 8,034,762 8,034,762 8,034,762      
Property 27.31 Fairfield Inn Bloomington 7,970,995 7,970,995 7,970,995      
Property 27.32 Waco Residence Inn 7,779,690 7,779,690 7,779,690      
Property 27.33 Holiday Inn Express Fishers 7,269,547 7,269,547 7,269,547      
Property 27.34 Larkspur Landing Folsom 7,078,243 7,078,243 7,078,243      
Property 27.35 Springhill Suites Chicago Naperville Warrenville 6,695,635 6,695,635 6,695,635      
Property 27.36 Holiday Inn Express & Suites Paris 6,631,868 6,631,868 6,631,868      
Property 27.37 Toledo Homewood Suites 6,631,868 6,631,868 6,631,868      
Property 27.38 Grand Rapids Homewood Suites 6,440,563 6,440,563 6,440,563      
Property 27.39 Cheyenne Fairfield Inn and Suites 5,994,188 5,994,188 5,994,188      
Property 27.40 Fairfield Inn Laurel 5,994,188 5,994,188 5,994,188      
Property 27.41 Courtyard Akron Stow 5,866,652 5,866,652 5,866,652      
Property 27.42 Larkspur Landing Roseville 5,547,812 5,547,812 5,547,812      
Property 27.43 Towneplace Suites Bloomington 5,547,812 5,547,812 5,547,812      
Property 27.44 Hampton Inn Danville 5,484,044 5,484,044 5,484,044      
Property 27.45 Holiday Inn Norwich 5,420,276 5,420,276 5,420,276      
Property 27.46 Hampton Inn Suites Longview North 5,356,509 5,356,509 5,356,509      
Property 27.47 Springhill Suites Peoria Westlake 5,356,509 5,356,509 5,356,509      
Property 27.48 Hampton Inn Suites Buda 5,292,740 5,292,740 5,292,740      
Property 27.49 Shawnee Hampton Inn 5,292,740 5,292,740 5,292,740      
Property 27.50 Racine Fairfield Inn 5,165,204 5,165,204 5,165,204      
Property 27.51 Hampton Inn Selinsgrove Shamokin Dam 5,037,669 5,037,669 5,037,669      
Property 27.52 Holiday Inn Express & Suites Terrell 4,782,597 4,782,597 4,782,597      
Property 27.53 Westchase Homewood Suites 4,629,044 4,629,044 4,629,044      
Property 27.54 Holiday Inn Express & Suites Tyler South 4,591,292 4,591,292 4,591,292      
Property 27.55 Holiday Inn Express & Suites Huntsville 4,399,989 4,399,989 4,399,989      
Property 27.56 Hampton Inn Sweetwater 4,017,381 4,017,381 4,017,381      
Property 27.57 Comfort Suites Buda Austin South 3,379,701 3,379,701 3,379,701      
Property 27.58 Fairfield Inn & Suites Weatherford 3,188,398 3,188,398 3,188,398      
Property 27.59 Holiday Inn Express & Suites Altus 2,583,643 2,583,643 2,583,643      
Property 27.60 Comfort Inn & Suites Paris 2,295,646 2,295,646 2,295,646      
Property 27.61 Hampton Inn Suites Decatur 2,196,776 2,196,776 2,196,776      
Property 27.62 Holiday Inn Express & Suites Texarkana East 2,034,298 2,034,298 2,034,298      
Property 27.63 Mankato Fairfield Inn 1,822,990 1,822,990 1,822,990      
Property 27.64 Candlewood Suites Texarkana 1,409,455 1,409,455 1,409,455      
Property 27.65 Country Inn & Suites Houston Intercontinental Airport East 1,338,549 1,338,549 1,338,549      

 

A-1-35

 

 

Benchmark 2018-B1

 

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

 

            Existing   Future Debt
            Additional Sub Debt   Permitted
Property Flag ID Property Name 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 28 4400 PGA Boulevard(24) NAP NAP NAP   None NAP
Loan 29 Honey Creek Marketplace NAP NAP NAP   None Unsecured Subordinate Debt
Loan 30 Metro Center V(24) NAP NAP NAP   None NAP
Loan 31 1114-1126 Lake Street NAP NAP NAP   None NAP
Loan 32 William Penn Building NAP NAP NAP   None NAP
Loan 33 Tri State Neighborhood Center NAP NAP NAP   None NAP
Loan 34 Fairfield Inn & Suites - Panama City Beach NAP NAP NAP   None NAP
Loan 35 Hampton Inn & Suites Shelby NAP NAP NAP   None NAP
Loan 36 Goodale Office(24) NAP NAP NAP   None NAP
Loan 37 Hampton Inn Glenwood Springs NAP NAP NAP   None NAP
Loan 38 Pick ‘n Save Appleton WI NAP NAP NAP   None NAP
Loan 39 Fresenius Portfolio V NAP NAP NAP   None NAP
Property 39.01 Fresenius Dayton            
Property 39.02 Fresenius Davenport            
Property 39.03 Fresenius Rock Island            
Property 39.04 Fresenius Muscatine            
Loan 40 Village Square NAP NAP NAP   None NAP
Loan 41 Q-2 Self Storage NAP NAP NAP   None NAP
Loan 42 Best Western Plus - Chalmette NAP NAP NAP   None NAP
Loan 43 Afton Village NAP NAP NAP   None NAP
Loan 44 21st Century Storage - Miami, FL NAP NAP NAP   None NAP
Loan 45 Hillside Mobile Estates NAP NAP NAP   None NAP
Loan 46 Callahan Plaza NAP NAP NAP   None NAP
Loan 47 CityLine PA Portfolio NAP NAP NAP   None NAP
Property 47.01 Carlisle Self Storage            
Property 47.02 West Chocolate Self Storage            
Loan 48 CityLine BeCubed NAP NAP NAP   None NAP
Loan 49 Marketplace on Grove NAP NAP NAP   None NAP

 

A-1-36

 

 

 

  Benchmark 2018-B1
  FOOTNOTES TO ANNEX A-1
   
(1) GACC—German American Capital Corporation or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates, CREFI— Citi Real Estate Funding Inc. or one of its affiliates.
   
(2) With respect to the pari passu loans referenced below, 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/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude any subordinate or mezzanine debt. For additional information see “Description of the Mortgage Pool – The Whole Loans – General – Whole Loan Control Notes and Non-Control Notes” in this preliminary prospectus.
   
  ●         Loan No. 1 – 90 Hudson
  ●         Loan No. 3 – The Woods
  ●         Loan No. 4 – Griffin Portfolio
  ●         Loan No. 5 – Worldwide Plaza
  ●         Loan No. 6 – Station Place III
  ●         Loan No. 7 – Atrium Center
  ●         Loan No. 8 – Sentinel Square II
  ●         Loan No. 10 – Radisson Blu Aqua Hotel
  ●         Loan No. 12 – Gateway Net Lease Portfolio
  ●         Loan No. 13 – Lehigh Valley Mall
  ●         Loan No. 14 – Rochester Hotel Portfolio
  ●         Loan No. 16 – 521-523 East 72nd Street
  ●         Loan No. 18 – Marriott Charlotte City Center
  ●         Loan No. 19 – Miracle Mile Shopping Center
  ●         Loan No. 22 – Towers at University Town Center
  ●         Loan No. 24 – Two Harbor Point Square
  ●         Loan No. 26 – AHIP Northeast Portfolio I
  ●         Loan No. 27 – Starwood Capital Group Hotel Portfolio
   
(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)      Office Retail Multifamily
  Loan
No.		 Mortgage Loan NRA
(sq. ft.)		 NRA Occ. % of
UW
Rent		 NRA
(sq. ft. )		 Occ. % of
UW
Rent		 Units Occ. % of
UW
Rent
  16 521-523 East 72nd Street 99,316 90,609 100.0% 98.2% 500 100.0% 0.7% 10 80.0% 1.1%
  17 156-168 Bleecker 29,415       28,626 100.0% 98.3% 1 100.0% 1.7%
  32 William Penn Building 27,200       10,600 100.0% 48.7% 20 100.0% 51.3%

 

(5) Loan No. 24 – Two Harbor Point Square – The related Mortgaged Property is subject to a recorded Environmental Land Use Restriction which prohibits disturbance of the engineered controls and demolition or construction on parts of the Mortgaged Property without first obtaining a release from the Connecticut Department of Energy & Environmental Protection.

 

A-1-37

 

 

  Loan No. 26 – AHIP Northeast Portfolio I – The Homewood Suites Dover Rockaway Mortgaged Property is subject to an environmental deed restriction permitting only non-residential uses of such Mortgaged Property.
   
  Loan No. 29 – Honey Creek Marketplace – The Mortgaged Property is subject to a recorded declaration which restricts the Mortgaged Property from being used for residential purposes for a period of 20 years.
   
  Loan No. 31 – 1114-1126 Lake Street – The Mortgaged Property is subject to a redevelopment agreement that runs through 2024 and requires the Village of Oak Park’s approval for all commercial tenants at the Mortgaged Property; provided that, if the Village of Oak Park doesn’t deny a tenant within 15 business days, such tenant is deemed approved.
   
  Loan No. 32 – William Penn Building – The Mortgaged Property is located in San Diego’s Historic Gas Lamp Quarter and is designated as historical on the San Diego Register and the National Register of Historic Places. Substantial alteration of properties with such designation generally requires a historical site development permit to be approved by the Planning Commission, with a recommendation from the Historical Resources Board. Alterations are reviewed for consistency with the U.S. Secretary of the Interior’s standards.
   
(6) The Administrative Cost 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. See “Summary of Terms – Offered Certificates – Servicing and Administration Fees – Non-Serviced Whole Loans” in this preliminary prospectus.
   
(7) Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date 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.
   
(8) “Hard” generally means each tenant is required to transfer its rent directly to the lender controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over the-counter cash and equivalents are 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.

 

A-1-38

 

 

  Loan No. 5 – Worldwide Plaza – The office tower portion of the collateral securing the Worldwide Plaza Mortgage Loan is structured with a hard lockbox and springing cash management. The amenities borrower, the pledger of the collateral related to the amenity parcel, has caused the amenities lender to establish a springing lockbox account to which the owner of the amenity parcel deposits cash revenue related to the amenity parcel. During the continuance of a trigger period, the amenities borrower is required to cause the amenities lender not to make any remittances from the amenities lockbox account except generally to pay expenses of the Worldwide Plaza Mortgaged Property, to the lockbox account or cash management account or certain other specified payments not to exceed $300,000 a year.
   
  Loan No. 10 – Radisson Blu Aqua Hotel – The Mortgage Loan documents do not require a lockbox. The Mortgage Loan documents require the property manager to deposit monthly remittances to the borrower pursuant to the management agreement following payment of all actual operating expenses, manager fees and other amounts payable to the manager directly into the in-place cash management account that was required to be established at origination. In connection therewith, the lender, the borrower and the manager have executed an SNDA that provides that the terms of the management agreement are subordinate to the lien of the loan documents and that the manager is required to deposit payments due to the borrower in the cash management account.
   
(9) “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents).
   
(10) With respect to the loans referenced below structured with A/B Notes, 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/Pads) ($) calculations exclude the subordinate secured debt.
  ● Loan No. 5 – Worldwide Plaza
  ● Loan No. 12 – Gateway Net Lease Portfolio
   
(11) Loan No. 2 – Valencia Town Center – The Second Most Recent Operating Statement Date represents the trailing eight-month annualized cash flow. The borrower sponsor acquired the Mortgaged Property in April 2016, as such, historical cash flow information was not available for the remainder of 2016.
   
(12) Loan No. 9 – Spicetree Apartments – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the post-renovation rent increases that averaged approximately $300 per unit per month when comparing 2015 rent rolls and the current rent roll. Collections also declined in 2016 due to units taken off line for renovations.
   
  Loan No. 11 – 8900 Beverly – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by (i) the increase of base rent, which accounts for $217,775 of the increase, (ii) the burn off of parking rent abatement for the Largest Tenant – Cedar Sinai Medical, which accounts for $161,101 of the increase, (iii) the underwritten rent steps through July 2018 for non credit tenants, which accounts for $99,172 of the increase, (iv) new Verizon antenna lease which accounts for $59,400 of the increase and (v) straight line average credit tenant rent steps for Cedar Sinai Medical, which accounts for $37,984 of the increase.
   
  Loan No. 15 – Oasis at Pavilion Park – The Underwritten NOI is over 10% higher than Most Recent NOI ($). Oasis at Pavilion Park is newly built in 2016, and began lease up in July 2016. The Underwritten NOI is based on the December 10, 2017 rent roll at which point Oasis at Pavilion Park Mortgaged Property was leased up to 92.0% occupancy. The increase also reflects a reduction in concessions offered at the Mortgaged Property.

 

A-1-39

 

 

  Loan No. 16 – 521-523 East 72nd Street – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by (i) the new lease with HSS Properties Corporation for 3,413 sq. ft., totaling $355,635 in annual rent, which commenced on January 30, 2017 and (ii) the inclusion of rent steps for commercial tenants through June 2018, totaling $208,895.
   
  Loan No. 17 – 156-168 Bleecker – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the three new retail leases that were executed between June and October in 2017, accounting for 17,789 sq. ft. (60.5% of NRA) with an aggregate annual rent of $1,241,000 (37.0% of UW Gross Potential Income). In addition, the inclusion of underwritten straight lined rent for CVS accounts for $86,667 (2.6% of UW Gross Potential Income).
   
  Loan No. 20 – Center Promenade – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the property lease-up. There have been six new leases and/or renewals executed since February 2017, accounting for 20,900 sq. ft. (of Net Rentable Area) with an aggregate annual rent of $485,632 (12.7% of UW Base Rent). In addition, the Underwritten NOI includes $259,211 in contractual rent steps through October 2018.
   
  Loan No. 30 – Metro Center V – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by 13 leases with a start date between January 2017 and January 2018 that account for 58,618 sq. ft. (27.2% of NRA) with an aggregate annual rent of $626,669 (25.5% of UW Gross Potential Income).
   
  Loan No. 32 – William Penn Building – The Underwritten NOI is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by the two new retail leases that were executed in June 2017, accounting for 7,500 sq. ft. (70.8% of retail NRA and 27.6% of building NRA) with an aggregate annual rent of $396,000 (27.5% of UW Gross Potential Income).
   
  Loan No. 36 – Goodale Office – The increase in Underwritten NOI from Most Recent NOI ($) is due to an occupancy increase from 68.0% to 100.0% as well as the inclusion of contractual rent steps. Since 2017, a new lease was executed with the 2nd Largest Tenant - King Business Interiors that accounts for 15,944 sq. ft. (20.0% of NRA) with an aggregate annual rent of $211,258 (19.7% of UW Gross Potential Income).
   
  Loan No. 46 – Callahan Plaza – The Underwritten NOI is over 10% higher than Most Recent NOI ($). Since January 2016, the borrower has executed new and renewal leases for 20,424 sq. ft. (23.5% of NRA) with an aggregate annual rent of $123,652 (19.8% of UW Gross Potential Income).
   
(13) 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.
   
(14) In certain cases, in addition to an “as-is” value, the appraisal states an “as complete” or “as-stabilized” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A-1 is the “as-is” value unless otherwise specified in the preliminary prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD was calculated using the related “as complete” or “as-stabilized” Appraised Value, as opposed to the “as-is” Appraised Values, each as set forth in the following table:

 

A-1-40

 

 

   

Loan No.

 

Mortgage Loan Name

 

% of Initial Pool Balance

 

Cut-off Date LTV Ratio (Other Than As-Is)

 

Appraised Value (Other Than As-Is)

 

Cut-off Date LTV Ratio (“As-Is”)

 

Appraised Value (“As-Is”)

  
    4  Griffin Portfolio(1)  4.7%  61.5%  $610,000,000  63.3%  $592,060,000  
    5  Worldwide Plaza(2)  4.3%  35.4%  $1,740,000,000  35.4%  $1,740,000,000  
    7  Atrium Center(3)  4.3%  53.5%  $215,000,000  62.2%  $185,000,000  
    8  Sentinel Square II(4)  3.9%  59.7%  $172,000,000  68.8%  $149,300,000  
    12.25  Gateway Net Lease Portfolio – Baxalta (Barry Pointe)(5)  0.1%  45.0%  $8,250,000  45.9%  NAP  
    12.26  Gateway Net Lease Portfolio – Baxalta (Casselberry)(6)  0.1%  45.0%  $7,850,000  45.9%  NAP  
    23  Olive Park Shopping Center(7)  1.4%  72.7%  $21,800,000  72.7%  $21,800,000  
    26  AHIP Northeast Portfolio I(8)  1.3%  56.1%  $124,000,000  61.6%  $113,000,000  
    27  Starwood Capital Group Hotel Portfolio(9)   1.2%  60.4%  $956,000,000  65.3%  $884,700,000  
    32  William Penn Building(10)  1.0%  52.3%  $20,060,000  52.3%  $20,060,000  
    37  Hampton Inn Glenwood Springs(11)  0.7%  68.9%  $12,000,000  75.2%  $11,000,000  

 

  (1) The Griffin Portfolio Appraised Value of $610,000,000 reflects a 3.0% premium attributed to the aggregate “As-is” value of the related mortgaged properties as a whole. The sum of the “As-is” values for each of the related mortgaged properties on an individual basis is $592,060,000, which represents a Cut-Off Date LTV Ratio. See “Description of the Mortgage Pool—Appraised Value” in the preliminary prospectus.
  (2) The Worldwide Plaza  “as is” Appraised Value of $1,740,000,000 includes separate appraised values for the office building included in the Mortgaged Property ($1,620,000,000) and the amenity parcel ($120,000,000).  As described under “Risk Factors-Risks Relating to the Mortgage Loans-Risks Relating to the Worldwide Plaza Mortgage Loan,” the amenity parcel does not secure the Worldwide Plaza Mortgage Loan.  Based solely on the appraised value of the office building, the Cut-off Date LTV ratio and Balloon LTV ratio of the senior notes included in the Worldwide Plaza Whole Loan, the entire Whole Loan and the combined Whole Loan and mezzanine debt are 38.0%, 58.0% and 74.1% respectively.
  (3) The Atrium Center Appraised Value reflects an appraisal on a “hypothetical as-is” basis, which assumes that the Dana Farber Cancer Institute lease has commenced and that all leasing costs have been paid. At origination, the borrower was required to reserve $21,161,047 for outstanding tenant improvement and leasing commissions and approximately $2,397,212 for outstanding free rent. Based on the “as is” appraised value of $185,000,000, the Cut-off Date LTV and LTV Ratio at Maturity or ARD is 62.2%.
  (4) The Sentinel Square II Appraised Value reflects the “as stabilized” appraised value of the Mortgaged Property which assumes that there is no outstanding free rent, that the payment of rent has commenced and that that the Mortgaged Property is leased at a market rent level.  At origination, the borrower was required to reserve $18,493,311 in free rent associated with the DC Government and Federal Election Commission leases.
  (5) The Gateway Net Lease Portfolio – Baxalta (Barry Pointe) Appraised Value ($), Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on the “as complete” appraised value of $8,250,000, which assumes the property is 100% leased upon completion of the construction. According to the borrower sponsor, construction of the property was completed in the fourth quarter of 2017. The “as is” appraised value of the land as of February 27, 2017 is $1,375,000. Based on the Gateway Net Lease Portfolio “as is” aggregate appraised value of $769,115,000, which does not include the two properties that were previously under construction, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 45.9% and 45.9%, respectively.
  (6) The Gateway Net Lease Portfolio – Baxalta (Casselberry) Appraised Value ($), Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on the “as complete” appraised value of $7,850,000, which assumes the property is 100% leased upon completion of the construction. According to the borrower sponsor, construction of the property was completed in the fourth quarter of 2017. The “as is” appraised value of the land as of February 22, 2017 is $1,850,000. Based on the Gateway Net Lease Portfolio “as is” aggregate appraised value of $769,115,000, which does not include the two properties that were previously under construction, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 45.9% and 45.9%, respectively.
  (7) The Olive Park Shopping Center Appraised Value ($) of $21,800,000 was set forth in the related appraisal as the “as complete” appraised value with a date of value of September 30, 2017 and was based on the assumption that tenant improvement costs have been incurred by the borrower sponsor or reserved under the related Mortgage Loan. At origination of the Mortgage Loan, all previously outstanding tenant improvement costs had been paid. Because all assumptions for the “as complete” appraised value in the related appraisal have been met, the Appraised Value ($) of $21,800,000 is treated as the “as-is” appraised value for the related Mortgaged Property.
  (8) The AHIP Northeast Portfolio I Appraised Value ($) represents the “as complete” value of $124,000,000 for the mortgaged properties, effective on various dates, which assumes the completion of the required property improvement plan (“PIP”) at each mortgaged property. At loan origination, the borrower reserved $4,519,224, the estimated aggregate cost of the PIPs.
  (9) The Starwood Capital Group Hotel Portfolio Appraised Value reflects an 8.1% premium attributed to the aggregate “as is” value of the portfolio of Mortgaged Properties as a whole.
  (10) The William Penn Building as is Appraised Value is $20,060,000; however, the Mortgage Loan financed the acquisition of the Mortgaged Property at a purchase price of $10,500,000 (which is less than the original principal balance of the Mortgage Loan of $11,500,000).  The seller of the Mortgaged Property had entered into a 10 year master lease of the Mortgaged Property in April 2016 with the owner of the current borrower, which provided for payments which were approximately 39.9% of the underwritten net operating income at the Mortgaged Property.  Such master lease was terminated upon the borrower’s acquisition of the Mortgaged Property.
  (11) The Hampton Inn Glenwood Springs Appraised Value ($) represents the “as complete” value of $12,000,000 for the mortgaged property, effective on October 1, 2017, which assumes the completion of the required property improvement plan (“PIP”) at the mortgaged property, among other extraordinary assumptions. At loan origination, the borrower reserved $950,000, the estimated aggregate remaining cost of the PIP at the time of valuation.
   
  See “Description of the Mortgage Pool—Appraised Value” in this preliminary prospectus.
   
(15) 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.
   
  “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.
   
  “YM2(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 2% of the amount prepaid.

 

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  “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—Property 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—Voluntary Prepayments” in this preliminary prospectus.
   
(16) Loan No. 1 – 90 Hudson – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2017. Defeasance of the $130.0 million 90 Hudson Whole Loan is permitted prior to the open period and after the date that is earlier to occur of (i) the date that is two years after the closing date of the securitization that holds the last portion of the 90 Hudson Whole Loan to be securitized and (ii) December 1, 2020. The actual lockout period may be longer. The borrower is also permitted to prepay the 90 Hudson Whole Loan after December 1, 2019 with the payment of a yield maintenance premium.
   
  Loan No. 3 – The Woods – The lockout period will be at least 25 payment dates beginning with and including the first payment date of January 6, 2018.  Defeasance or prepayment (if prior to June 6, 2022, accompanied by a yield maintenance premium) of the full $200.0 million The Woods Whole Loan is permitted after the date that is earlier to occur of (i) December 1, 2021 (ii) two years after the date of the securitization of the last portion of the The Woods Whole Loan.
   
  Loan No. 5 – Worldwide Plaza – The lockout period will be at least 26 payment dates beginning with and including the first payment date of December 6, 2017. Defeasance of the full $940.0 million Worldwide Plaza 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) October 18, 2020. The assumed lockout period of 26 payments is based on the expected Benchmark 2018-B1 securitization closing date in January 2018. The actual lockout period may be longer.
   
  Loan No. 8 – Sentinel Square II – The lockout period will be at least 24 payment dates beginning with and including the first payment date of February 6, 2018. Defeasance of the full $102.66 million Sentinel Square II 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) December 29, 2020. The assumed lockout period of 24 payments is based on the expected Benchmark 2018-B1 securitization closing date in January 2018. The actual lockout period may be longer.
   
  Loan No. 13 – Lehigh Valley Mall – The lockout period will be at least 26 payment dates beginning with and including the first payment date of December 1, 2017. The actual lockout period may be longer. Defeasance of the full $200.0 million Lehigh Valley Mall 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 note to be securitized (the “REMIC Prohibition Period”) and (ii) December 1, 2020 (such earlier date, the “Permitted Release Date”). The borrower is also permitted to prepay the Lehigh Valley Mall Whole Loan with the payment of a yield maintenance premium after the occurrence of the Permitted Release Date if the REMIC Prohibition Period has not occurred prior to December 1, 2020.
   
  Loan No. 14 – Rochester Hotel Portfolio – The lockout period will be at least 26 payment dates beginning with and including the first payment date of December 6, 2017. Defeasance of the full $140.0 million Rochester Hotel Portfolio 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)

 

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  November 6, 2020. The assumed lockout period of 26 payments is based on the expected Benchmark 2018-B1 securitization closing date in January 2018. The actual lockout period may be longer.
   
  Loan No. 18 – Marriott Charlotte City Center – The lockout period will be at least 31 payments beginning with and including the first payment date of July 1, 2017. Defeasance of the full $103.0 million Marriott Charlotte City Center Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the Marriott Charlotte City Center Whole Loan if the defeasance lockout period has not expired by July 1, 2020 with the payment of a yield maintenance premium.
   
(17) Partial release upon partial prepayment or partial defeasance is permitted for the following loans. See “Description of the Mortgage Pool – Certain Terms of the Mortgage Loans – Partial Releases” in this preliminary prospectus for the terms of the releases.
  ● Loan No. 4 – Griffin Portfolio
  ● Loan No. 7 –  Atrium Center
  ● Loan No. 13 – Lehigh Valley Mall
  ● Loan No. 19 – Miracle Mile Shopping Center
  ● Loan No. 26 – AHIP Northeast Portfolio I
  ● Loan No. 27 – Starwood Capital Group Hotel Portfolio
  ● Loan No. 34 – Fairfield Inn & Suites – Panama City Beach
  ● Loan No. 39 – Fresenius Portfolio V
  ● Loan No. 44 – 21st Century Storage – Miami, FL
  ● Loan No. 47 – CityLine PA Portfolio
   
  Loan No. 4 – Griffin Portfolio – With respect to the Griffin Portfolio Mortgage Loan the related loan documents permit a collateral substitution, subject to satisfaction of certain conditions. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans— Partial Releases” in this preliminary prospectus.
   
(18) Loan No. 1 – 90 Hudson – The Mortgage Loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease.
   
  Loan No. 13 –  Lehigh Valley Mall – The Mortgage Loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease.
   
  Loan No. 19 – Miracle Mile Shopping Center – The Mortgage Loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease.
   
  Loan No. 4.02 – Griffin Portfolio – State Farm Regional HQ Mortgaged Property, representing 0.9% of the Initial Pool Balance by allocated loan amount, is subject to a revenue bond lease structure whereby the local development authority, the Dunwoody Development Authority owns the fee interest and leases it to the borrower, since under Georgia state law, development authorities do not have the ability to grant tax abatements directly, thereby effectuating a tax abatement applicable to the State Farm Regional HQ Mortgaged Property. The Dunwoody Development Authority has joined the fee interest to the lien of the Griffin Portfolio Mortgage Loan. The Griffin Portfolio Whole Loan was underwritten without giving effect to the related tax abatement. See “—Certain Terms of the Mortgage Loans—Fee and Leasehold Estates; Ground Leases” in this preliminary prospectus.
   
  Loan No. 22 – Towers at University Town Center – The Mortgaged Property is partially secured by a sublease of a ground lease of 162 parking spaces at a neighboring property. Neither the ground lease nor the sublease has customary leasehold financing provisions. However, the parking spaces are not required for zoning compliance or for the operation of the Mortgaged Property. The subleasehold property operated at a net loss, which has been accounted for in the underwriting. No upside from the subleasehold property was included in the underwriting.

 

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  Certain of the Mortgaged Properties have property ownership structures in the form of condominium and other shared interests. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests”.
   
  Loan No. 14 – Station Place III – The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 1, 2017. Defeasance of the full $190.0 million Station Place III Whole Loan is permitted after the date that is the earlier to occur of (i) December 1, 2021 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 CD 2017-CD6 securitization closing date in November 2017. The actual lockout period may be longer.
   
  Loan No. 23 – Colorado Center – The lockout period will be at least 27 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 27 payments is based on the expected CD 2017-CD6 securitization closing date in November 2017. The actual lockout period may be longer.
   
(19) 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. 2 – Valencia Town Center – The Mortgaged Property is subject to a ground lease that commenced on April 22, 2016, expires on April 21, 2115 and does not have any extension options. The fixed ground rent is $2,625,000 during the first year, which steps up 2.0% each year during the first 10 years, followed by a 3.0% rent step each year from 2026 through 2045, remains at $5,665,984 until 2066 after which it increases at 2.0% each year until the term expiration. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus.
   
  Loan No. 27 – Starwood Capital Group Hotel Portfolio – The Mortgage Loan is secured by the borrowers’ leasehold interest in the Hilton Garden Inn Edison Raritan Center Mortgaged Property and the remaining Mortgaged Properties in fee.
   
  Loan No. 41 – Q-2 Self Storage – The Mortgage Loan is secured by the borrower’s leasehold interest in the Mortgaged Property under the related ground lease, pursuant to which the base rent increases every five-year period to an amount determined by multiplying the base rent payable at the end of such preceding five-year period by a fraction, the numerator of which is the Consumer Price Index according to the United States Department of Labor Bureau of Labor Statistics (the “CPI”) for the month of August during the next to last year of the five-year period then in effect, and the denominator of which is the CPI for the month of August during the first year of the five-year period then in effect; provided, such increase in the base rent may not be less than 13.75%.
   
  Loan No. 3 – Burbank Office Portfolio - Borrowers may prepay the loan in whole or in part provided, among other things in the loan documents, that (i) no event of default is continuing, and (ii) the borrowers pay to the lender (a) all interest which would have accrued on the mortgage loan to be paid through and including the last day of the related accrual period, or if on a payment date, the interest which would have accrued through and including the last day of the accrual period immediately preceding such payment date,  (b) all other sums due and payable under the loan documents and (c) if such prepayment occurs prior to April 2024, the yield maintenance premium on the amount of the loan which is being prepaid. Additionally, an individual property may be released at any time provided, among other things in the loan documents, (i) borrowers pay the applicable release amount together with any yield maintenance premium then required, (ii) after giving effect to such release, as of the date of such release, the debt yield will be no less than the greater of (a) the closing date debt yield and (b) the debt yield immediately prior to such release (provided that in no event will the debt yield be required to be greater than 10.0%);

 

A-1-44

 

 

  provided, further, that for the purpose of meeting debt yield requirements, (1) the borrowers may prepay a portion of the loan or (2) the borrowers may elect to deliver a letter of credit in the maximum amount of $15,000,000 as additional collateral for the loan to be counted against the outstanding principal balance on a dollar for dollar basis when calculating debt yield. The borrowers are also permitted to prepay the mortgage loan to cure an event of default, in which case the debt yield test will not apply to the release, and no yield maintenance premium will be required.
   
(20) Loan No. 20  – Center Promenade – The Largest Tenant, County of Ventura, leases 30,559 sq. ft. of space with a lease expiration date of April 30, 2025, 14,565 sq. ft. of space with a lease expiration date of December 31, 2019 and 5,102 sq. ft. of space with a lease expiration of November 30, 2027. The 3rd Largest Tenant, Regents of UCLA, leases 8,284 sq. ft. of space with a lease expiration date of December 31, 2021 and 5,107 sq. ft. of space with a lease expiration date of July 31, 2022.
   
(21) 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.
   
  Loan No. 1 – 90 Hudson – The Borrower has the right to take back two floors of space from the Largest Tenant, Lord Abbett, and one floor of space from the 2nd Largest Tenant, Charles Komar & Sons, upon satisfaction of certain terms and conditions in the Mortgage Loan documents (each of the foregoing a “Partial Lease Termination”). The borrower previously took back 10,777 sq. ft. of ground floor office space from Lord Abbett to convert such space for retail use.
   
  Loan No. 2 – Valencia Town Center – The Largest Tenant at the related Mortgaged Property, Princess Cruises, which leases 79.1% of the total NRA, has early termination options with respect to a total of 63,575 sq. ft. (16.1% of NRA), with nine months’ notice. The termination options are phased such that Princess Cruises may terminate (i) 21,176 sq. ft. on April 1, 2020 upon paying a termination fee of three months of rent, (ii) 21,199 sq. ft. on April 1, 2021 upon paying a termination fee of two months of rent, and (iii) 21,200 square feet on April 1, 2022 upon paying a termination fee of one month of rent.
   
  Loan No. 4.07 – Griffin Portfolio – Wells Fargo Operations Center Mortgaged Property – The sole tenant, Wells Fargo Bank, has a termination option effective January 31, 2023 upon nine months’ notice and payment of a termination fee equal to $1,491,390.
   
  Loan No. 4.09 – Griffin Portfolio – Royal Ridge V Mortgaged Property – The sole tenant, NEC has a termination option effective March 31, 2024 upon 12 months’ notice and payment of a termination fee equal to transaction costs and three months’ of base rent, estimated as $2,695,119.
   
  Loan No. 4.10 – Griffin Portfolio – Comcast Regional HQ Mortgaged Property – The sole tenant, Comcast, has a termination option effective November 30, 2024 upon 15 months’ notice and payment of a termination fee equal to five months’ rent plus tenant improvement and leasing commission costs. Comcast’s termination option is rendered null and void upon any extension or renewal of its initial lease.
   
  Loan No. 5 – Worldwide Plaza – The Largest Tenant, Nomura Holding America Inc. (“Nomura”), representing approximately 40.0% of the NRA, has the right to reduce its space upon 15 months’ notice prior to January 1, 2022 (if it has not exercised an expansion option in the prior 12 months) by a single

 

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  contiguous block of space and/or any full or partial floor of its space that is not contiguous to any other space then leased by Nomura so long as the total contraction space includes no more than 10% of its rentable square footage. Nomura may also reduce its space in the same manner once after January 1, 2022 and prior to January 1, 2027. Both contraction options are subject to certain payments associated with the option. Nomura also has a one-time right to terminate its lease, in whole or in part as of January 1, 2027 upon 18 months’ notice and payment of a termination fee equal to six months fixed rent on the terminated space and unamortized transaction costs associated with the terminated space.
   
  Loan No. 7 – Atrium Center – The 3rd Largest Tenant, CCRM, which leases approximately 6.1% of the net rentable area, has the right to terminate its lease as of May 31, 2027, with 12 months’ notice and the payment of a termination fee.
   
  Loan No. 8 – Sentinel Square II – The Largest Tenant, District of Columbia, has the right to terminate its lease if sufficient funds are not appropriated to cover the cost of fixed and additional rent.
   
  Loan No. 12.07 – Gateway Net Lease Portfolio – Carrier – The Largest Tenant, Carrier, has the right to terminate its lease on October 1, 2019 or October 1, 2021, with six months’ notice.
   
  Loan No. 12.11 – Gateway Net Lease Portfolio – FCA/Caterpillar – The Largest Tenant, FCA LLC, has the right to terminate its lease if the related service agreement for the property is terminated and not assumed by a transferee permitted under the related lease, with the payment of a termination fee.
   
  Loan No. 12.16 – Gateway Net Lease Portfolio – Sikorsky Aircraft R&D Facility – The Largest Tenant, Sikorsky Aircraft, has the right to terminate its lease with 12 months’ notice and the payment of a termination fee.
   
  Loan No. 12.37 – Gateway Net Lease Portfolio – Saint-Gobain Warehouse – The Largest Tenant, Saint-Gobain, has the right to terminate its lease at any time if the tenant’s annual sales have fallen by at least 20.0% compared to the annual sales for the first 12 months of the lease term.
   
  Loan No. 20  – Center Promenade – The 4th Largest Tenant, Social Security Administration, has the option to terminate its lease anytime after September 18, 2022 upon 120 days notice.
   
  Loan No. 21 – The Arbors – The Largest Tenant, North Carolina Department of State Treasurer, is a government tenant and has an appropriations clause in the related lease. The Largest Tenant also has the one-time option to reduce its premises by up to 10% at any time after February 15, 2020 with no penalty. The 2nd Largest Tenant, Makhteshim Agan of North America, Inc., has a termination option effective February 28, 2019, upon a June 28th, 2018 notice and a termination fee equal to the unamortized portion of the excused rent and two months’ rent plus tenant improvement and leasing commission costs. The 3rd Largest Tenant, United Guaranty Corporation, has a termination option effective February 28, 2019, with 12 months’ notice and an estimated penalty of $317,830 as well as outstanding base rent, with additional rent for two months along with leasing costs.
   
  Loan No. 24 – Two Harbor Point Square – The 2nd Largest Tenant, Structured Portfolio Management, L.L.C., can terminate its lease as of November 30, 2017 with 365 days notice and payment of a termination fee. The 3rd Largest Tenant, McKinsey & Company, Inc., can terminate its lease as of July 31, 2018 on 12 months notice and payment of a termination fee. The 4th Largest Tenant, Castleton Commodities, can terminate its lease on March 31, 2020 with one-year notice and payment of a $1,300,000 termination fee. The 5th Largest Tenant, Insight Global, can terminate its lease on October 31, 2020 with one-year notice plus unamortized tenant improvements, leasing commissions & free rent, plus four months of base and additional rent and a $1,300,000 termination fee.
   
  Loan No. 28 – 4400 PGA Boulevard – The 3rd Largest Tenant, US Army Corps of Engineers, has a termination option, upon a 90 days’ notice prior to March 31, 2020 and a termination fee of unamortized costs of brokerage fees and improvement costs.

 

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  Loan No. 30 – Metro Center V – The 4th Largest Tenant, Tibco Software Inc, has a termination option effective February 28, 2019, upon a nine months’ notice and a termination fee equal to unamortized leasing costs. Additionally, the 5th Largest Tenant, Coresource, has a termination option effective December 31, 2018, or December 31, 2019, upon six months’ notice and a termination fee equal to unamortized leasing costs.
   
  Loan No. 31 – 1114-1126 Lake Street – The 3rd Largest Tenant, Sleepy’s, has the one time option to terminate its lease on November 30, 2021 with six months prior written notice to the landlord.
   
  Loan No. 36 – Goodale Office – The 4th Largest Tenant, Franklin Soil & Water Conservation District, is a government tenant and has an appropriations clause in the related lease.
   
(22) The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:
   
  Loan No. 5 – Worldwide Plaza – The 2nd Largest Tenant, Cravath, Swaine & Moore LLP, subleases approximately 34,210 sq. ft. of its space to McCarter & English LLP and approximately 29,688 sq. ft. of its space to AMA Consulting Engineers, P.C.  
   
  Loan No. 7 – Atrium Center – The entire premises leased to CCRM, the 3rd Largest Tenant, is subleased to CRMB Physician Group, PLLC, a subsidiary of CCRM. The term of the sublease expires concurrently with the term of the prime lease. The underwritten base rent of the sublease and prime lease are also identical at $36.75 per sq. ft.
   
(23) Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 20 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Other” in this preliminary prospectus.
   
  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 – Station Place III – The Largest Tenant, the U.S. Securities and Exchange Commission, had issued a request for proposal to lease 1,274,000 sq. ft. of space, as to which offers were due in November 2017. If the tenant (a) does not (i) exercise its renewal option or (ii) enter into a new lease or an amendment of the existing lease on substantially the same terms as those set forth in the renewal provisions in the current lease, in each case at least 12 months prior to the expiration date of the current lease or (b) “goes dark”, vacates or abandons 75% or more of its premises, a cash sweep event will be triggered under the loan documents.
   
  Loan No. 7 – Atrium Center – The Largest Tenant, Dana Farber Cancer Institute, has executed a lease but not yet taken occupancy at the Mortgaged Property and has not yet commenced paying rent. The rent commencement date is May 1, 2018. The 5th Largest Tenant, Newton - Wellesley Hospital, has taken possession of its space and commenced paying rent, but is not yet in occupancy.  The tenant is expected to take occupancy in April 2018.
   
  Loan No. 8 – Sentinel Square II – The Largest Tenant, District of Columbia, which leases 164,110 sq. ft. (58.5% of the total NRA) is not yet in occupancy of 108,000 sq. ft. of its space, and is anticipated to take occupancy of such space in or around January 15, 2018. District of Columbia is in a free rent period through February 2019, all of which free rent has been reserved for. The 2nd Largest Tenant, Federal Election Commission (“FEC”), which leases 35.6% of the NRA, is not yet in occupancy of its space, and is anticipated to take occupancy in or around the end of March 2018. The FEC is in a free rent period through January 2020, all of which free rent has been reserved for. In addition, the FEC is entitled to a $600,000 allowance that may be used for improvements through September 1, 2018, and thereafter any

 

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  remainder may be treated as additional free rent funds and disbursed in accordance with the standard free rent reserve provisions under the loan agreement.  Such allowance has been reserved for.
   
  Loan No. 13 – Lehigh Valley Mall – The Largest Tenant, Bob’s Discount Furniture, has executed its lease but not yet taken occupancy at the Mortgaged Property and has not yet commenced paying rent. The rent commencement date is in April 2018. At origination, the borrower was required to reserve $443,000 for outstanding tenant improvement allowances and $208,533 for outstanding free rent periods related to three tenants, including Bob’s Discount Furniture.
   
  Loan No. 17 – 156-168 Bleecker – The 3rd Largest Tenant, Pieology, leasing 8.2% of NRA, and World’s Best Cookie Dough, the 4th Largest Tenant, leasing 6.0% of NRA, are not yet open for business. Both tenants’ leases have commenced and are in full force and effect, and both tenants have commenced paying rent. Both tenants are in possession of, and are in the process of renovating their respective premises. A “stop work” order was previously in effect with respect to Pieology’s improvement work on its premises, due to a contractor engaged by Pieology welding on its premises without a permit (which resulted in a fire); however such order was lifted on December 13, 2017.  
   
  Loan No. 32 – William Penn Building – The 2nd Largest Tenant, Tacos El Gordo, has executed its lease and has commenced paying rent in May 2016. The tenant was expected to take occupancy at the Mortgaged Property by January 15, 2018. The loan documents require the establishment of the springing lockbox, cash management and a cash sweep if the tenant fails to take occupancy by January 15, 2018. The borrower has informed the lender that the tenant has not yet taken occupancy.
   
(24) Loan No. 20 – Center Promenade – The borrowers, Omninet Ventura, LLC and Omninet Ventura SL, LLC are structured as tenants-in-common, each of which is a Delaware limited liability company and each a single-purpose, single-asset entity, with one independent director, controlled by the loan sponsors and nonrecourse carve-out guarantors. The sponsors and nonrecourse carve-out guarantors are Neil Kadisha and Benjamin Nazarian.
   
  Loan No. 28 – 4400 PGA Boulevard – The borrowers own the Mortgaged Property as tenants-in-common.  
   
  Loan Nos. 30 and 36 – Metro Center V and Goodale Office – The related borrower sponsors have the one-time right to create an additional borrower to co-own the Mortgaged Property with the existing borrower as tenants-in-common. In the case of each such Mortgage Loan, the additional borrower is required to be owned and controlled by one of two specified existing nonrecourse carve-out guarantors and to own not more than a 7.00% interest in the Mortgaged Property. In addition, in each case, the related Mortgage Loan documents provide that if a tenant-in-common structure is entered into, the tenant-in-common borrowers must enter into a specified form of tenant-in-common agreement, must waive their right to partition and the two key principal nonrecourse carve-out guarantors must provide a nonrecourse carve-out guaranty with respect to the additional borrower.
   
(25) All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.
   
  Loan No. 10 – Radisson Blu Aqua Hotel –  After the origination date, on which the borrower was required to deposit into the Upfront Tax Reserves ($) $216,932, the borrower was additionally required to deposit into the Upfront Tax Reserves ($) the sum of $489,327.
   
(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. 14 – Rochester Hotel Portfolio – A franchise agreement sweep period will commence on the earlier to occur of (i) 24 months prior to the expiration date of the applicable franchise agreement and (ii)

 

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  any borrower’s written notice to the lender of a borrower’s intent to commence the process of replacing an applicable existing franchise agreement and shall end upon the occurrence of (x) borrowers delivering a replacement franchise agreement or renewal or other extension of an existing franchise agreement and having an initial term (with respect to a replacement franchise agreement) or a remaining term (with respect to an existing franchise agreement, after giving effect to such renewal or extension), in either case, of at least 10 years and (y) the amount in the PIP account equaling 110% of the anticipated costs required to comply with all PIP requirements under any such replacement franchise agreement (or renewal or extension of any existing franchise agreement).
   
  Loan No. 26 – AHIP Northeast Portfolio I – unless the borrowers deliver a letter of credit, beginning on July 6, 2019, the borrowers are required to deposit an amount equal to the greater of (i) the aggregate of 1/12 of 4.0% of estimated annual rents for each Mortgaged Property and (ii) the aggregate of the then-current amount required by the franchise agreements.
   
  Loan No. 34 – Fairfield Inn & Suites - Panama City Beach – On the monthly debt service payment dates occurring in March, April, May, June and July of each year (the “Seasonality Payment Period”) during the term of the mortgage loan, commencing on such payment date in March 2018, the borrower is required to deposit, determined by the lender in February of each year, an amount equal to 1/5 of the amount which, if added to the net operating income from the Mortgaged Property, would cause the debt service coverage ratio during the period spanning November, December and January immediately preceding the applicable seasonality deposit requirement to equal 1.10x.
   
(28) Loan No. 14 – Rochester Hotel Portfolio – On each monthly payment date in June, July, August, September, October, and November, the borrowers are required to deposit $50,000 into a seasonality reserve for potential shortfalls in the payment of the monthly interest payment amount, monthly debt service payment amount, other amounts payable under the loan documents and other operating expenses on each monthly payment date in January, February and March (provided, if no Trigger Period exists, lender shall disburse available funds in an amount equal to $100,000 to the borrowers on each such monthly payment date). The seasonality reserve is subject to a cap of $300,000.
   
  Loan No. 18 – Marriott Charlotte City Center – The borrower is required to deposit (a) for months one through 36 of the term of the loan, 3%, (b) for months 37 through 48 of the term of the loan, 4% and (c) for months 49 through 60 of the term of the loan, 5% of gross income from operations for the calendar month occurring two calendar months prior to such payment date plus any amounts required to be deposited pursuant to any property improvement plan if (i) the property manager no longer reserves or otherwise sets aside funds for replacements and repairs required to be made to the property during the calendar year in accordance with the Mortgage Loan documents, (ii) the borrower fails to provide to the lender with reasonably satisfactory evidence that sums for replacements and repairs required to be made to the Mortgaged Property are being reserved with the property manager and such sums are being expended at the Marriott City Center Property in accordance with the requirements of the Mortgage Loan documents or the management agreement or (iii) the management agreement is no longer in full force and effect.
   
  Loan No. 36 – Goodale Office – On each monthly payment date until October 2022, the borrower is required to deposit $6,250 into a TI/LC reserve account, subject to a cap of $150,000. On each monthly payment date thereafter, the borrower is required to deposit $8,333.33, subject to a cap of $300,000.
   
(29) Loan No. 11 – 8900 Beverly – The borrower was required at origination to deposit $2,000,000 of the Mortgage Loan proceeds with the lender to be held as additional collateral for the loan. The reserve is required to be released to borrower if it enters into a new lease by November 7, 2021 renting at least 2,700 sq. ft. that were vacant at origination, debt yield is at least 8.5%, and free rent and TI/LC thereunder are paid or reserved for.  Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the Future Lease Reserve. Including the Future Lease Reserve, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are 8.6% and 8.3%, respectively.

 

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  Loan No. 31 – 1114-1126 Lake Street – The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date balance, net of a $830,000 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 has occurred and is continuing and, (ii) the Lender has received evidence that the Holdback Debt Yield equals or exceeds 8.6%. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance of $12,800,000 are 8.5% and 8.0%, respectively.
   
  Loan No. 32 – William Penn Building – The borrower was required at origination to deposit $1,000,000 of the Mortgage Loan proceeds with the lender to be held as additional collateral for the loan. Reserve is required to be released to borrower, provided no event of default has occurred and is continuing, (a) on January 2, 2019, the lender is required to disburse from the holdback reserve funds the lesser of (1) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in a debt yield equal to 9.0%, (2) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in an LTV equal to 65.0% and (3) $500,000; and (B) to the extent that Holdback Reserve Funds remain on deposit with the lender on each of January 2, 2020, January 2, 2021 and January 2, 2022, the lender is required to disburse from the holdback reserve funds the lesser of (1) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in a debt yield equal to 9.0%, and (2) the amount that, after giving effect to the disbursement of the holdback reserve funds in question, would result in an LTV equal to 65.0%. Any holdback reserve funds on deposit with the lender that are not available for disbursement following the disbursement on January 2, 2022 are required to be transferred by the lender from the holdback reserve funds to be used as leasing reserve funds.
   
(30) With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool – Mortgage Pool Characteristics – Environmental Considerations” in this preliminary prospectus.
   
(31) Summary of Existing Mezzanine Debt.

   

Mortgage Loan

 

Mortgage Loan Cut-off Date Balance

 

% of Initial Outstanding Pool Balance

 

Mezzanine Debt Cut-off Date Balance

 

Annual Interest Rate on Mezzanine Loan

 

Mezzanine Loan Maturity Date

 

Intercreditor Agreement

 

Total Debt Cut-off Date LTV Ratio

 

Total Debt U/W NCF DSCR

 

Total Debt U/W NOI Debt Yield

  
    Worldwide Plaza  $50,000,000  4.3%  $260,000,000  5.35473076923077%  11/6/2027  Yes  69.0%  1.75x  7.3%  
    Two Harbor Point Square(1)  $14,750,000  1.3%  $11,500,000  9.7500%  12/6/2027  Yes  76.3%  1.28x  9.2%  

  (1) The Two Harbor Point Square mortgage loan has an interest only period of five years followed by five years of amortization based on a 30-year amortization schedule. The Two Harbor Point Square mezzanine loan is full term interest only.
 
(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

  
  5  Worldwide Plaza(1)  $50,000,000  4.3%  Yes  NAP  65.5%  7.45%  
  6  Station Place III  $50,000,000  4.3%  Yes  2.79x  47.6%  NAP  
  16  521-523 East 72nd Street  $35,000,000  3.0%  Yes  1.93x  59.0%  NAP  
  27  Starwood Capital Group Hotel Portfolio  $14,317,500  1.2%  Yes  2.65x  64.9%  NAP  

  (1) With respect to the Worldwide Plaza, the borrowers may issue preferred equity in lieu of or in combination with mezzanine debt, subject to a maximum amount of $120,000,000 and the conditions set forth in the table regarding future mezzanine debt under “—Mezzanine Indebtedness” within this preliminary prospectus for additional information. Future mezzanine debt or preferred equity may not be incurred prior to April 18, 2018.  Goldman Sachs Mortgage Company or an affiliate has a right of first offer to provide the future mezzanine debt or preferred equity. The Mortgage Loan documents provide that there will be no restriction on the right to prepay, defease or redeem such future mezzanine debt or preferred equity.

 

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