FWP 1 n1324_anxa1-x3.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206705-15
     

 

     
 

CD 2018-CD7

 

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., Cantor Fitzgerald & Co., Citigroup Global Markets Inc., Academy Securities, Inc., Drexel Hamilton, LLC 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 CD 2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-CD7 (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.

 

 
     

 

 

 

 

CD 2018-CD7

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

 

                                             
      % of   Mortgage   Cut-off       General Detailed     Interest Original Remaining Original Remaining   First  
      Initial Pool # of Loan Original Date   Maturity   Property Property Interest Administrative Accrual Term to Term to Amortization Amortization Origination Payment Maturity
Property Flag ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(4)(6)   or ARD Balance($)(6)   Type Type Rate Fee Rate(5) Basis Maturity or ARD Maturity or ARD Term(6) Term(6) Date Date or ARD Date
Loan 1 Aventura Mall(2)(35) 8.4% 1 GACC 60,000,000 60,000,000   60,000,000   Retail Super Regional Mall 4.1213% 0.0168% Actual/360 120 119 0 0 06/07/2018 08/01/2018 07/01/2028
Loan 2 Bank of America Center(2)(36) 7.0% 1 CCRE 50,500,000 50,500,000   50,500,000   Office CBD 5.0300% 0.0401% Actual/360 120 119 0 0 06/21/2018 08/01/2018 07/01/2028
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% 14 CCRE 42,000,000 42,000,000   42,000,000   Multifamily Mid-Rise 3.9012% 0.0405% Actual/360 120 118 0 0 06/05/2018 07/06/2018 06/06/2028
Property 3.01 320 West 49th Street 0.5% 1 CCRE 3,760,842 3,760,842       Multifamily Mid-Rise                    
Property 3.02 324 West 49th Street 0.5% 1 CCRE 3,707,451 3,707,451       Multifamily Mid-Rise                    
Property 3.03 340 West 49th Street 0.5% 1 CCRE 3,671,475 3,671,475       Multifamily Mid-Rise                    
Property 3.04 326 West 49th Street 0.5% 1 CCRE 3,520,309 3,520,309       Multifamily Mid-Rise                    
Property 3.05 338 West 49th Street 0.5% 1 CCRE 3,445,465 3,445,465       Multifamily Mid-Rise                    
Property 3.06 332 West 49th Street 0.5% 1 CCRE 3,292,878 3,292,878       Multifamily Mid-Rise                    
Property 3.07 318 West 49th Street 0.4% 1 CCRE 3,181,505 3,181,505       Multifamily Mid-Rise                    
Property 3.08 322 West 49th Street 0.4% 1 CCRE 3,083,468 3,083,468       Multifamily Mid-Rise                    
Property 3.09 330 West 49th Street 0.4% 1 CCRE 2,939,765 2,939,765       Multifamily Mid-Rise                    
Property 3.1 334 West 49th Street 0.4% 1 CCRE 2,550,099 2,550,099       Multifamily Mid-Rise                    
Property 3.11 328 West 49th Street 0.4% 1 CCRE 2,514,780 2,514,780       Multifamily Mid-Rise                    
Property 3.12 336 West 49th Street 0.3% 1 CCRE 2,270,438 2,270,438       Multifamily Mid-Rise                    
Property 3.13 308 West 49th Street 0.3% 1 CCRE 2,052,340 2,052,340       Multifamily Mid-Rise                    
Property 3.14 310 West 49th Street 0.3% 1 CCRE 2,009,185 2,009,185       Multifamily Mid-Rise                    
Loan 4 175 Park Avenue(2)(31) 4.9% 1 CCRE 35,000,000 35,000,000   35,000,000   Office Suburban 5.3180% 0.0397% Actual/360 120 117 0 0 05/01/2018 06/06/2018 05/06/2028
Loan 5 Zenith Ridge(2) 4.9% 1 SMF II 35,000,000 35,000,000   32,134,667   Office Suburban 4.7000% 0.0509% Actual/360 120 120 360 360 07/13/2018 09/06/2018 08/06/2028
Loan 6 Buckeye Corrugated 4.6% 6 GACC 32,830,000 32,830,000   32,830,000   Industrial Warehouse/Manufacturing 5.0050% 0.0181% Actual/360 120 119 0 0 06/20/2018 08/06/2018 07/06/2028
Property 6.01 Buckeye Division 1.2% 1 GACC 8,900,000 8,900,000       Industrial Warehouse/Manufacturing                    
Property 6.02 All-Size Division 0.9% 1 GACC 6,600,000 6,600,000       Industrial Warehouse/Manufacturing                    
Property 6.03 Tennessee Division 0.9% 1 GACC 6,200,000 6,200,000       Industrial Warehouse/Manufacturing                    
Property 6.04 Kock Division 0.6% 1 GACC 4,510,000 4,510,000       Industrial Warehouse/Manufacturing                    
Property 6.05 Cra-Wal Division 0.5% 1 GACC 3,810,000 3,810,000       Industrial Warehouse/Manufacturing                    
Property 6.06 Dakota Division 0.4% 1 GACC 2,810,000 2,810,000       Industrial Warehouse/Manufacturing                    
Loan 7 Centennial I & II 4.6% 1 SMF II 32,700,000 32,700,000   32,700,000   Office Suburban 5.0000% 0.0181% Actual/360 120 120 0 0 07/09/2018 09/06/2018 08/06/2028
Loan 8 NoLIta Multifamily Portfolio 4.5% 3 CCRE 32,000,000 32,000,000   32,000,000   Multifamily Mid-Rise 5.2030% 0.0381% Actual/360 120 118 0 0 05/30/2018 07/01/2018 06/01/2028
Property 8.01 26 Prince Street 1.7% 1 CCRE 12,000,000 12,000,000       Multifamily Mid-Rise                    
Property 8.02 29 Prince Street 1.5% 1 CCRE 10,650,000 10,650,000       Multifamily Mid-Rise                    
Property 8.03 137 Thompson Street 1.3% 1 CCRE 9,350,000 9,350,000       Multifamily Mid-Rise                    
Loan 9 Playa Largo(2) 4.2% 1 SMF II 30,000,000 30,000,000   26,051,863   Hospitality Full Service 5.1440% 0.0181% Actual/360 120 118 360 360 05/17/2018 07/06/2018 06/06/2028
Loan 10 Alabama Hotel Portfolio 4.0% 2 CREFI 28,500,000 28,429,674   17,562,175   Hospitality Various 4.4500% 0.0181% Actual/360 120 119 240 239 07/02/2018 08/06/2018 07/06/2028
Property 10.01 Embassy Suites - Birmingham 2.8% 1 CREFI 20,000,000 19,950,648       Hospitality Full Service                    
Property 10.02 Springhill Suites - Tuscaloosa 1.2% 1 CREFI 8,500,000 8,479,025       Hospitality Limited Service                    
Loan 11 Walmart Supercenter Teterboro 3.5% 1 GACC 25,300,000 25,300,000   25,300,000   Other Leased Fee 4.5530% 0.0181% Actual/360 120 120 0 0 07/13/2018 09/06/2018 08/06/2028
Loan 12 Sully Station Shopping Center 3.5% 1 CREFI 25,000,000 25,000,000   22,884,081   Retail Anchored 4.5100% 0.0456% Actual/360 120 120 360 360 07/16/2018 09/06/2018 08/06/2028
Loan 13 Bear Creek Apartments 3.4% 1 CREFI 24,375,000 24,375,000   22,544,864   Multifamily Garden 5.1800% 0.0456% Actual/360 120 119 360 360 06/29/2018 08/06/2018 07/06/2028
Loan 14 Riverwalk(2)(21) 2.8% 1 CCRE 20,000,000 20,000,000   17,773,041   Office Suburban 5.1760% 0.0168% Actual/360 120 118 360 360 06/05/2018 07/06/2018 06/06/2028
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% 2 CREFI 15,650,000 15,650,000   13,914,391   Self Storage Self Storage 5.2000% 0.0181% Actual/360 120 120 360 360 07/11/2018 09/06/2018 08/06/2028
Property 15.01 Ann Arbor Self Storage 1.4% 1 CREFI 10,255,293 10,255,293       Self Storage Self Storage                    
Property 15.02 Clinton Self Storage 0.8% 1 CREFI 5,394,707 5,394,707       Self Storage Self Storage                    
Loan 16 Homestead TownePlace Suites 2.0% 1 GACC 14,000,000 14,000,000   12,404,348   Hospitality Extended Stay 5.0370% 0.0181% Actual/360 120 119 360 360 06/27/2018 08/06/2018 07/06/2028
Loan 17 Interstate Plaza 1.8% 1 CREFI 13,218,750 13,218,750   11,100,675   Retail Anchored 4.8100% 0.0181% Actual/360 120 119 360 360 07/06/2018 08/06/2018 07/06/2028
Loan 18 Edgewater Village Shopping Center(37) 1.7% 1 SMF II 12,500,000 12,500,000   10,766,211   Retail Anchored 5.2840% 0.0181% Actual/360 120 119 360 360 06/21/2018 08/06/2018 07/06/2028
Loan 19 Fordham Green Apartments 1.7% 1 CREFI 12,500,000 12,500,000   11,494,940   Multifamily Garden 4.8000% 0.0181% Actual/360 120 119 360 360 06/28/2018 08/06/2018 07/06/2028
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% 2 CREFI 12,477,000 12,477,000   11,093,282   Self Storage Self Storage 5.2000% 0.0181% Actual/360 120 120 360 360 07/11/2018 09/06/2018 08/06/2028
Property 20.01 Rochester Mini Storage 1.1% 1 CREFI 8,145,536 8,145,536       Self Storage Self Storage                    
Property 20.02 Lansing Self Storage 0.6% 1 CREFI 4,331,464 4,331,464       Self Storage Self Storage                    
Loan 21 Southpointe Square 1.6% 1 CREFI 11,570,000 11,570,000   10,639,716   Multifamily Garden 4.8000% 0.0181% Actual/360 120 119 360 360 06/28/2018 08/06/2018 07/06/2028
Loan 22 Rohnert Park Center 1.5% 1 GACC 11,000,000 10,975,655   9,080,187   Retail Anchored 5.1200% 0.0181% Actual/360 120 118 360 358 05/14/2018 07/06/2018 06/06/2028
Loan 23 12-01 44th Avenue(37) 1.5% 1 SMF II 10,750,000 10,750,000   10,750,000   Office CBD 5.1550% 0.0181% Actual/360 120 119 0 0 06/27/2018 08/06/2018 07/06/2028
Loan 24 Pangea 20(37) 1.5% 5 SMF II 10,700,000 10,700,000   10,700,000   Multifamily Various 4.8070% 0.0181% Actual/360 120 119 0 0 06/29/2018 08/06/2018 07/06/2028
Property 24.01 5501 West Washington Boulevard 1.2% 1 SMF II 8,326,959 8,326,959       Multifamily Mid-Rise                    
Property 24.02 14110 South Atlantic Avenue 0.1% 1 SMF II 724,701 724,701       Multifamily Garden                    
Property 24.03 1475 State Street 0.1% 1 SMF II 653,652 653,652       Multifamily Garden                    
Property 24.04 4206 Lindenwood Drive 0.1% 1 SMF II 596,813 596,813       Multifamily Garden                    
Property 24.05 8901 South Cottage Grove Avenue 0.1% 1 SMF II 397,875 397,875       Multifamily Garden                    
Loan 25 Palmhurst Village(37) 1.4% 1 SMF II 9,900,000 9,900,000   8,691,746   Retail Anchored 5.5950% 0.0181% Actual/360 120 120 360 360 07/13/2018 09/06/2018 08/06/2028
Loan 26 Kinston Portfolio(36) 1.4% 2 GACC 9,775,500 9,742,469   8,397,167   Hospitality Limited Service 5.7395% 0.0181% Actual/360 120 116 360 356 03/26/2018 05/06/2018 04/06/2028
Property 26.01 Hampton Inn – Kinston 0.8% 1 GACC 5,725,500 5,706,154       Hospitality Limited Service                    
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6% 1 GACC 4,050,000 4,036,315       Hospitality Limited Service                    
Loan 27 Mac Phail Crossing 1.3% 1 CREFI 9,210,000 9,210,000   9,210,000   Retail Anchored 4.6300% 0.0181% Actual/360 120 119 0 0 06/20/2018 08/06/2018 07/06/2028
Loan 28 Wisteria Village 1.3% 1 GACC 9,100,000 9,100,000   8,097,413   Retail Anchored 5.2350% 0.0181% Actual/360 120 115 360 360 03/01/2018 04/06/2018 03/06/2028
Loan 29 Fredericksburg Place(36) 1.2% 1 GACC 8,300,000 8,300,000   7,383,620   Multifamily Garden 5.4469% 0.0181% Actual/360 120 119 360 360 06/20/2018 08/06/2018 07/06/2028
Loan 30 Lockaway Storage - Schertz 1.1% 1 SMF II 8,150,000 8,150,000   7,238,142   Self Storage Self Storage 5.1460% 0.0181% Actual/360 120 119 360 360 06/29/2018 08/06/2018 07/06/2028
Loan 31 1503 Jefferson & 406 Cornelia 1.1% 1 CCRE 8,000,000 8,000,000   8,000,000   Multifamily Garden 5.2700% 0.0381% Actual/360 120 119 0 0 06/27/2018 08/06/2018 07/06/2028
Loan 32 Hampton Inn Port Charlotte 1.0% 1 GACC 7,000,000 7,000,000   6,081,475   Hospitality Limited Service 5.1600% 0.0181% Actual/360 120 119 360 360 06/13/2018 08/06/2018 07/06/2028
Loan 33 Cliffs of Macon 1.0% 1 GACC 6,900,000 6,893,042   5,714,473   Multifamily Garden 5.2200% 0.0181% Actual/360 120 119 360 359 06/13/2018 08/06/2018 07/06/2028
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% 1 CCRE 6,000,000 6,000,000   4,507,396   Hospitality Limited Service 5.1270% 0.0381% Actual/360 120 120 300 300 07/12/2018 09/06/2018 08/06/2028
Loan 35 Wheeler SC-GA Portfolio 0.8% 4 GACC 5,740,000 5,734,868   5,348,406   Retail Anchored 5.7070% 0.0181% Actual/360 60 59 360 359 06/28/2018 08/06/2018 07/06/2023

 

 A-1-1

 

 

CD 2018-CD7

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

 

                                             
      % of   Mortgage   Cut-off       General Detailed     Interest Original Remaining Original Remaining   First  
      Initial Pool # of Loan Original Date   Maturity   Property Property Interest Administrative Accrual Term to Term to Amortization Amortization Origination Payment Maturity
Property Flag ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(4)(6)   or ARD Balance($)(6)   Type Type Rate Fee Rate(5) Basis Maturity or ARD Maturity or ARD Term(6) Term(6) Date Date or ARD Date
Property 35.01 LaGrange 0.4% 1 GACC 2,870,000 2,867,434       Retail Anchored                    
Property 35.02 Georgetown 0.3% 1 GACC 1,820,000 1,818,373       Retail Anchored                    
Property 35.03 Ridgeland Center 0.1% 1 GACC 1,050,000 1,049,061       Retail Single Tenant                    
Loan 36 Lakeville Townhomes 0.8% 1 SMF II 5,700,000 5,700,000   5,059,723   Multifamily Garden 5.1250% 0.0181% Actual/360 120 120 360 360 07/16/2018 09/06/2018 08/06/2028
Loan 37 Maricopa Marketplace 0.7% 1 SMF II 5,030,000 5,030,000   5,030,000   Retail Unanchored 4.9350% 0.0181% Actual/360 120 120 0 0 07/18/2018 09/06/2018 08/06/2028
Loan 38 Lockaway Storage - Airport 0.7% 1 SMF II 4,850,000 4,850,000   4,306,805   Self Storage Self Storage 5.1400% 0.0181% Actual/360 120 119 360 360 07/05/2018 08/06/2018 07/06/2028
Loan 39 TownePlace Suites Tucson 0.7% 1 CCRE 4,700,000 4,700,000   3,530,793   Hospitality Extended Stay 5.1270% 0.0381% Actual/360 120 120 300 300 07/12/2018 09/06/2018 08/06/2028
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% 1 CREFI 4,500,000 4,500,000   2,761,075   Hospitality Limited Service 4.3500% 0.0181% Actual/360 120 120 240 240 07/19/2018 09/06/2018 08/06/2028
Loan 41 Pointe Professional Center 0.5% 1 SMF II 3,600,000 3,596,256   2,969,101   Office Suburban 5.0910% 0.0181% Actual/360 120 119 360 359 06/12/2018 08/06/2018 07/06/2028
Loan 42 Kris Kay MHC 0.5% 1 SMF II 3,560,000 3,560,000   3,091,786   Manufactured Housing Manufactured Housing 5.1460% 0.0656% Actual/360 120 119 360 360 06/13/2018 08/06/2018 07/06/2028

 

 A-1-2

 

 

CD 2018-CD7

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

 

              Pari Passu Pari Passu                  
      % of     Monthly Annual Companion Loan Companion Loan Remaining     Crossed        
      Initial Pool ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten Grace
Property Flag ID Property Name Balance (Yes/No) Maturity Date Service($)(7) Service($)(7) Service($) Service($) Period  Lockbox(8)  Management(9) Other Loans Borrower NOI DSCR(6)(7)(10) NCF DSCR(6)(7)(10) Period(12)
Loan 1 Aventura Mall(2)(35) 8.4% No 07/01/2028 208,924 2,507,094 4,689,310 56,271,719 119 Hard; Master Lease Rents (Soft Springing Hard) Springing No   2.63x 2.58x 0
Loan 2 Bank of America Center(2)(36) 7.0% No 07/01/2028 214,619 2,575,430 42,499 509,986 119 Hard In Place No   2.27x 2.14x 0
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% No 06/06/2028 138,438 1,661,257     118 Soft In Place No   3.60x 3.60x 0
Property 3.01 320 West 49th Street 0.5%                            
Property 3.02 324 West 49th Street 0.5%                            
Property 3.03 340 West 49th Street 0.5%                            
Property 3.04 326 West 49th Street 0.5%                            
Property 3.05 338 West 49th Street 0.5%                            
Property 3.06 332 West 49th Street 0.5%                            
Property 3.07 318 West 49th Street 0.4%                            
Property 3.08 322 West 49th Street 0.4%                            
Property 3.09 330 West 49th Street 0.4%                            
Property 3.1 334 West 49th Street 0.4%                            
Property 3.11 328 West 49th Street 0.4%                            
Property 3.12 336 West 49th Street 0.3%                            
Property 3.13 308 West 49th Street 0.3%                            
Property 3.14 310 West 49th Street 0.3%                            
Loan 4 175 Park Avenue(2)(31) 4.9% No 05/06/2028 157,263 1,887,151 224,661 2,695,931 117 Hard In Place No   1.65x 1.60x 0
Loan 5 Zenith Ridge(2) 4.9% No 08/06/2028 181,523 2,178,279 285,251 3,423,010 60 Hard Springing No   1.68x 1.54x 0
Loan 6 Buckeye Corrugated 4.6% No 07/06/2028 138,830 1,665,963     119 Hard In Place No   1.86x 1.71x 0
Property 6.01 Buckeye Division 1.2%                            
Property 6.02 All-Size Division 0.9%                            
Property 6.03 Tennessee Division 0.9%                            
Property 6.04 Kock Division 0.6%                            
Property 6.05 Cra-Wal Division 0.5%                            
Property 6.06 Dakota Division 0.4%                            
Loan 7 Centennial I & II 4.6% No 08/06/2028 138,142 1,657,708     120 Springing Hard Springing No   2.34x 2.14x 0
Loan 8 NoLIta Multifamily Portfolio 4.5% No 06/01/2028 140,674 1,688,084     118 Springing Soft Springing No   1.25x 1.24x 0
Property 8.01 26 Prince Street 1.7%                            
Property 8.02 29 Prince Street 1.5%                            
Property 8.03 137 Thompson Street 1.3%                            
Loan 9 Playa Largo(2) 4.2% No 06/06/2028 163,697 1,964,364 327,394 3,928,728 22 Hard Springing No Yes - Group 1 1.84x 1.64x 0
Loan 10 Alabama Hotel Portfolio 4.0% No 07/06/2028 179,537 2,154,441       Springing Hard Springing No   2.27x 2.02x 0
Property 10.01 Embassy Suites - Birmingham 2.8%                            
Property 10.02 Springhill Suites - Tuscaloosa 1.2%                            
Loan 11 Walmart Supercenter Teterboro 3.5% No 08/06/2028 97,326 1,167,908     120 Hard Springing No   1.58x 1.58x 0
Loan 12 Sully Station Shopping Center 3.5% No 08/06/2028 126,820 1,521,839     60 Hard Springing No   2.16x 2.02x 0
Loan 13 Bear Creek Apartments 3.4% No 07/06/2028 133,545 1,602,537     59 Springing Hard Springing No   1.30x 1.26x 0
Loan 14 Riverwalk(2)(21) 2.8% No 06/06/2028 109,526 1,314,310 332,411 3,988,933 34 Springing Hard Springing No   1.40x 1.34x 0
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% No 08/06/2028 85,936 1,031,230     36 Springing Hard Springing No Yes - Group 2 1.26x 1.24x 0
Property 15.01 Ann Arbor Self Storage 1.4%                            
Property 15.02 Clinton Self Storage 0.8%                            
Loan 16 Homestead TownePlace Suites 2.0% No 07/06/2028 75,472 905,663     35 Springing Hard Springing No Yes - Group 1 2.24x 2.04x 0
Loan 17 Interstate Plaza 1.8% No 07/06/2028 69,434 833,209     11 Hard Springing No   1.59x 1.45x 0
Loan 18 Edgewater Village Shopping Center(37) 1.7% No 07/06/2028 69,289 831,467     17 Springing Hard Springing No   1.69x 1.52x 0
Loan 19 Fordham Green Apartments 1.7% No 07/06/2028 65,583 786,998     59 Springing Hard Springing No Yes - Group 3 1.35x 1.30x 0
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% No 08/06/2028 68,513 822,151     36 Springing Hard Springing No Yes - Group 2 1.27x 1.25x 0
Property 20.01 Rochester Mini Storage 1.1%                            
Property 20.02 Lansing Self Storage 0.6%                            
Loan 21 Southpointe Square 1.6% No 07/06/2028 60,704 728,445     59 Springing Hard Springing No Yes - Group 3 1.46x 1.37x 0
Loan 22 Rohnert Park Center 1.5% No 06/06/2028 59,860 718,317       Hard Springing No   2.13x 1.97x 0
Loan 23 12-01 44th Avenue(37) 1.5% No 07/06/2028 46,822 561,859     119 Springing Hard Springing No   1.47x 1.43x 0
Loan 24 Pangea 20(37) 1.5% No 07/06/2028 43,458 521,493     119 None None No   2.47x 2.36x 0
Property 24.01 5501 West Washington Boulevard 1.2%                            
Property 24.02 14110 South Atlantic Avenue 0.1%                            
Property 24.03 1475 State Street 0.1%                            
Property 24.04 4206 Lindenwood Drive 0.1%                            
Property 24.05 8901 South Cottage Grove Avenue 0.1%                            
Loan 25 Palmhurst Village(37) 1.4% No 08/06/2028 56,803 681,631     24 Springing Hard Springing No   1.42x 1.32x 0
Loan 26 Kinston Portfolio(36) 1.4% No 04/06/2028 55,776 669,307       Hard In Place Yes   2.96x 2.56x 0
Property 26.01 Hampton Inn – Kinston 0.8%                            
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6%                            
Loan 27 Mac Phail Crossing 1.3% No 07/06/2028 36,029 432,346     119 Springing Hard Springing No   2.72x 2.55x 0
Loan 28 Wisteria Village 1.3% No 03/06/2028 50,166 601,992     31 Springing Hard Springing No   1.59x 1.38x 0
Loan 29 Fredericksburg Place(36) 1.2% No 07/06/2028 45,760 549,118     23 Soft Springing No   1.59x 1.48x 0
Loan 30 Lockaway Storage - Schertz 1.1% No 07/06/2028 44,481 533,773     35 Springing Hard Springing No Yes - Group 4 1.35x 1.34x 0
Loan 31 1503 Jefferson & 406 Cornelia 1.1% No 07/06/2028 35,621 427,456     119 Soft Springing No   1.14x 1.14x 0
Loan 32 Hampton Inn Port Charlotte 1.0% No 07/06/2028 38,265 459,180     23 Springing Hard Springing No   2.73x 2.49x 0
Loan 33 Cliffs of Macon 1.0% No 07/06/2028 37,974 455,687       Springing Soft Springing No   1.62x 1.56x 0
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% No 08/06/2028 35,521 426,249       Hard Springing No Yes - Group 5 2.26x 1.94x 0
Loan 35 Wheeler SC-GA Portfolio 0.8% No 07/06/2023 33,340 400,085       Hard In Place No   1.69x 1.47x 0

 

 A-1-3

 

 

CD 2018-CD7 

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

 

              Pari Passu Pari Passu                  
      % of     Monthly Annual Companion Loan Companion Loan Remaining     Crossed        
      Initial Pool ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten Grace
Property Flag ID Property Name Balance (Yes/No) Maturity Date Service($)(7) Service($)(7) Service($) Service($) Period  Lockbox(8)  Management(9) Other Loans Borrower NOI DSCR(6)(7)(10) NCF DSCR(6)(7)(10) Period(12)
Property 35.01 LaGrange 0.4%                            
Property 35.02 Georgetown 0.3%                            
Property 35.03 Ridgeland Center 0.1%                            
Loan 36 Lakeville Townhomes 0.8% No 08/06/2028 31,036 372,429     36 Springing Hard Springing No   1.76x 1.58x 0
Loan 37 Maricopa Marketplace 0.7% No 08/06/2028 20,973 251,678     120 Springing Hard Springing No   2.68x 2.46x 0
Loan 38 Lockaway Storage - Airport 0.7% No 07/06/2028 26,452 317,429     35 Springing Hard Springing No Yes - Group 4 1.46x 1.43x 0
Loan 39 TownePlace Suites Tucson 0.7% No 08/06/2028 27,825 333,895       Hard Springing No Yes - Group 5 2.08x 1.80x 0
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% No 08/06/2028 28,106 337,274       Springing Hard Springing No   3.43x 3.02x 0
Loan 41 Pointe Professional Center 0.5% No 07/06/2028 19,526 234,315       Springing Hard Springing No   2.38x 2.03x 0
Loan 42 Kris Kay MHC 0.5% No 07/06/2028 19,430 233,157     23 None None No   1.39x 1.35x 0

 

 A-1-4

 

 

CD 2018-CD7

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

 

                                   
      % of       FIRREA Cut-Off                 Rentable Area
      Initial Pool Payment Appraised Appraisal Compliant Date LTV LTV Ratio at           Year Year (SF/Units
Property Flag ID Property Name Balance Date Value ($)(13) As-of Date (Yes/No) Ratio(7)(10)(11)(14) Maturity or ARD(7)(10)(14) Address City County State Zip Code Built Renovated Rooms/Pads)
Loan 1 Aventura Mall(2)(35) 8.4% 1 3,450,000,000 04/16/2018 Yes 40.8% 40.8% 19501 Biscayne Boulevard Aventura Miami-Dade FL 33180 1983 1997, 1998, 2006 - 2008, 2017 1,217,508
Loan 2 Bank of America Center(2)(36) 7.0% 1 112,200,000 05/17/2018 Yes 53.9% 53.9% 1111 East Main Street Richmond Richmond City VA 23219 1974 2017 501,384
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% 6 164,500,000 03/12/2018 Yes 25.5% 25.5% Various New York New York NY 10019 1920 2016 272
Property 3.01 320 West 49th Street 0.5%   13,600,000 03/12/2018 Yes     320 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.02 324 West 49th Street 0.5%   14,100,000 03/12/2018 Yes     324 West 49th Street New York New York NY 10019 1920 2016 18
Property 3.03 340 West 49th Street 0.5%   13,800,000 03/12/2018 Yes     340 West 49th Street New York New York NY 10019 1920 2016 17
Property 3.04 326 West 49th Street 0.5%   13,800,000 03/12/2018 Yes     326 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.05 338 West 49th Street 0.5%   13,000,000 03/12/2018 Yes     338 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.06 332 West 49th Street 0.5%   12,400,000 03/12/2018 Yes     332 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.07 318 West 49th Street 0.4%   11,800,000 03/12/2018 Yes     318 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.08 322 West 49th Street 0.4%   12,900,000 03/12/2018 Yes     322 West 49th Street New York New York NY 10019 1920 2016 17
Property 3.09 330 West 49th Street 0.4%   10,700,000 03/12/2018 Yes     330 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.1 334 West 49th Street 0.4%   10,900,000 03/12/2018 Yes     334 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.11 328 West 49th Street 0.4%   10,400,000 03/12/2018 Yes     328 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.12 336 West 49th Street 0.3%   9,900,000 03/12/2018 Yes     336 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.13 308 West 49th Street 0.3%   8,400,000 03/12/2018 Yes     308 West 49th Street New York New York NY 10019 1920 2016 20
Property 3.14 310 West 49th Street 0.3%   8,800,000 03/12/2018 Yes     310 West 49th Street New York New York NY 10019 1920 2016 20
Loan 4 175 Park Avenue(2)(31) 4.9% 6 135,000,000 04/05/2018 Yes 63.0% 63.0% 175 Park Avenue Madison Morris NJ 07940 1971 2013 270,000
Loan 5 Zenith Ridge(2) 4.9% 6 133,100,000 06/25/2018 Yes 67.6% 62.1% 2200, 2400 and 2600 Ansys Drive Canonsburg Washington PA 15317 2014, 2015, 2016 NAP 486,000
Loan 6 Buckeye Corrugated 4.6% 6 52,100,000 06/15/2018 Yes 63.0% 63.0% Various Various Various Various Various Various Various 826,283
Property 6.01 Buckeye Division 1.2%   14,790,000 05/14/2018 Yes     3350 Long Road Wooster Wayne OH 44691 1997 NAP 223,592
Property 6.02 All-Size Division 0.9%   10,300,000 05/21/2018 Yes     3950 Continental Drive West Hempfield Township Lancaster PA 17512 2013 NAP 166,970
Property 6.03 Tennessee Division 0.9%   9,600,000 05/21/2018 Yes     1500 Elizabeth Lee Parkway Loudon Loudon TN 37774 2012 NAP 155,721
Property 6.04 Kock Division 0.6%   7,000,000 05/14/2018 Yes     797 Old Dutch Road Victor Ontario NY 14564 1988 1997 114,000
Property 6.05 Cra-Wal Division 0.5%   5,900,000 05/14/2018 Yes     4001 South High School Road Indianapolis Marion IN 46241 1971 NAP 96,000
Property 6.06 Dakota Division 0.4%   4,300,000 05/24/2018 Yes     4501 2nd Avenue North Sioux Falls Minnehaha SD 57104 1985 1998 70,000
Loan 7 Centennial I & II 4.6% 6 53,870,000 05/03/2018 Yes 60.7% 60.7% 1949 and 2121 South State Street Tacoma Pierce WA 98405 1986 NAP 235,661
Loan 8 NoLIta Multifamily Portfolio 4.5% 1 61,400,000 04/11/2018 Yes 52.1% 52.1% Various New York New York NY 10012 Various 2018 37
Property 8.01 26 Prince Street 1.7%   22,000,000 04/11/2018 Yes     26 Prince Street New York New York NY 10012 1910 2018 16
Property 8.02 29 Prince Street 1.5%   21,400,000 04/11/2018 Yes     29 Prince Street New York New York NY 10012 2002 2018 5
Property 8.03 137 Thompson Street 1.3%   18,000,000 04/11/2018 Yes     137 Thompson Street New York New York NY 10012 1910 2018 16
Loan 9 Playa Largo(2) 4.2% 6 188,600,000 03/28/2018 Yes 47.7% 41.4% 97450 Overseas Highway Key Largo Monroe FL 33037 2016 NAP 178
Loan 10 Alabama Hotel Portfolio 4.0% 6 54,000,000 06/05/2018 Yes 52.6% 32.5% Various Various Various AL Various Various NAP 304
Property 10.01 Embassy Suites - Birmingham 2.8%   36,500,000 06/05/2018 Yes     2960 John Hawkins Parkway Birmingham Jefferson AL 35244 2010 NAP 208
Property 10.02 Springhill Suites - Tuscaloosa 1.2%   17,500,000 06/05/2018 Yes     4020 Greensboro Avenue Tuscaloosa Tuscaloosa AL 35405 2015 NAP 96
Loan 11 Walmart Supercenter Teterboro 3.5% 6 37,500,000 05/01/2018 Yes 67.5% 67.5% 1 Teterboro Drive Teterboro Bergen NJ 07608 NAP NAP 628,135
Loan 12 Sully Station Shopping Center 3.5% 6 49,800,000 12/01/2018 Yes 50.2% 46.0% 5077-5111 Westfields Boulevard Centreville Fairfax VA 20120 1988 NAP 153,703
Loan 13 Bear Creek Apartments 3.4% 6 34,200,000 06/01/2019 Yes 71.3% 65.9% 1600 Bear Creek Lane Petoskey Emmet MI 49770 2005 2018 240
Loan 14 Riverwalk(2)(21) 2.8% 6 117,000,000 04/23/2018 Yes 69.0% 61.3% 354, 360, 500, and 500A Merrimack Street Lawrence Essex MA 01843 1901, 2007 NAP 630,379
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% 6 22,300,000 05/03/2018 Yes 70.2% 62.4% Various Various Various MI Various Various NAP 176,991
Property 15.01 Ann Arbor Self Storage 1.4%   14,200,000 05/03/2018 Yes     4750 South State Road Ann Arbor Washtenaw MI 48108 2004 NAP 113,881
Property 15.02 Clinton Self Storage 0.8%   8,100,000 05/03/2018 Yes     33985 Harper Avenue Clinton Macomb MI 48035 2003 NAP 63,110
Loan 16 Homestead TownePlace Suites 2.0% 6 21,000,000 05/01/2018 Yes 66.7% 59.1% 935 Northeast 30th Terrace Homestead Miami-Dade FL 33033 2016 NAP 115
Loan 17 Interstate Plaza 1.8% 6 18,200,000 12/18/2018 Yes 72.6% 61.0% 1671 1H-35 South New Braunfels Comal TX 78130 2008, 2013 NAP 102,619
Loan 18 Edgewater Village Shopping Center(37) 1.7% 6 19,500,000 05/17/2018 Yes 64.1% 55.2% 2650 Beach Boulevard Biloxi Harrison MS 39531 1983 2006 137,185
Loan 19 Fordham Green Apartments 1.7% 6 18,350,000 05/24/2018 Yes 68.1% 62.6% 5600 Fordham Circle Canton Township Wayne MI 48187 1974 NAP 146
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% 6 17,620,000 Various Yes 70.8% 63.0% Various Various Various MI Various Various NAP 189,359
Property 20.01 Rochester Mini Storage 1.1%   10,550,000 05/02/2018 Yes     1790 South Livernois Road Rochester Hills Oakland MI 48307 1992 NAP 94,115
Property 20.02 Lansing Self Storage 0.6%   7,070,000 05/03/2018 Yes     708 East Grand River Lansing Ingham MI 48906 2006 NAP 95,244
Loan 21 Southpointe Square 1.6% 6 16,770,000 07/14/2018 Yes 69.0% 63.4% 22520 West Road Woodhaven Wayne MI 48183 1971 2018 224
Loan 22 Rohnert Park Center 1.5% 6 22,400,000 03/08/2018 Yes 49.0% 40.5% 555 Rohnert Park Expressway Rohnert Park Sonoma CA 94928 1991, 2005 NAP 137,184
Loan 23 12-01 44th Avenue(37) 1.5% 6 23,000,000 06/27/2018 Yes 46.7% 46.7% 12-01 44th Avenue Long Island City Queens NY 11101 1950 2018 22,000
Loan 24 Pangea 20(37) 1.5% 6 18,825,000 06/12/2018 Yes 56.8% 56.8% Various Various Cook IL Various Various Various 227
Property 24.01 5501 West Washington Boulevard 1.2%   14,650,000 06/12/2018 Yes     5501 West Washington Boulevard Chicago Cook IL 60644 1929 2017-2018 172
Property 24.02 14110 South Atlantic Avenue 0.1%   1,275,000 06/12/2018 Yes     14110 South Atlantic Avenue Riverdale Cook IL 60827 1960 2016-2018 18
Property 24.03 1475 State Street 0.1%   1,150,000 06/12/2018 Yes     1475 State Street Calumet City Cook IL 60409 1960 2016-2018 15
Property 24.04 4206 Lindenwood Drive 0.1%   1,050,000 06/12/2018 Yes     4206 Lindenwood Drive Matteson Cook IL 60443 1957 2016-2018 12
Property 24.05 8901 South Cottage Grove Avenue 0.1%   700,000 06/12/2018 Yes     8901 South Cottage Grove Avenue Chicago Cook IL 60619 1957 2016-2018 10
Loan 25 Palmhurst Village(37) 1.4% 6 15,900,000 07/02/2018 Yes 62.3% 54.7% 228 East Mile 3 Road Palmhurst Hidalgo TX 78573 2014 NAP 89,316
Loan 26 Kinston Portfolio(36) 1.4% 6 14,800,000 02/01/2019 Yes 65.8% 56.7% Various Kinston Lenoir NC 28504 Various Various 196
Property 26.01 Hampton Inn – Kinston 0.8%   8,800,000 02/01/2019 Yes     1382 Highway 258 South Kinston Lenoir NC 28504 1986 1996, 2012 122
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6%   6,000,000 02/01/2019 Yes     1156 Hill Farm Road Kinston Lenoir NC 28504 2000 2015 74
Loan 27 Mac Phail Crossing 1.3% 6 17,900,000 04/20/2018 Yes 51.5% 51.5% 550 West MacPhail Road Bel Air Harford MD 21014 1998 NAP 102,992
Loan 28 Wisteria Village 1.3% 6 13,800,000 02/07/2018 Yes 65.9% 58.7% 2420 Wisteria Drive Southwest Snellville Gwinnett GA 30078 1985 2015 171,846
Loan 29 Fredericksburg Place(36) 1.2% 6 13,550,000 04/27/2018 Yes 61.3% 54.5% 3435 Fredericksburg Road San Antonio Bexar TX 78201 1983 2015 224
Loan 30 Lockaway Storage - Schertz 1.1% 6 12,120,000 06/07/2018 Yes 67.2% 59.7% 200 Roy Richard Drive Schertz Guadalupe TX 78154 1995 NAP 70,300
Loan 31 1503 Jefferson & 406 Cornelia 1.1% 6 10,600,000 05/04/2018 Yes 66.0% 75.5% 1503 Jefferson Avenue Brooklyn Kings NY 11237 2018 NAP 19
Loan 32 Hampton Inn Port Charlotte 1.0% 6 11,000,000 04/25/2018 Yes 63.6% 55.3% 24480 Sandhill Boulevard Port Charlotte Charlotte FL 33983 1997 2017 71
Loan 33 Cliffs of Macon 1.0% 6 9,400,000 01/31/2018 Yes 73.3% 60.8% 1895 Clinton Road Macon Bibb GA 31211 1970 2008 142
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% 6 11,500,000 05/14/2018 Yes 52.2% 39.2% 5950 North Oracle Road Tucson Pima AZ 85704 1998 2014 109
Loan 35 Wheeler SC-GA Portfolio 0.8% 6 8,200,000 Various Yes 69.9% 65.2% Various Various Various Various Various Various Various 126,195

 

 A-1-5

 

 

CD 2018-CD7

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

 

                                   
      % of       FIRREA Cut-Off                 Rentable Area
      Initial Pool Payment Appraised Appraisal Compliant Date LTV LTV Ratio at           Year Year (SF/Units
Property Flag ID Property Name Balance Date Value ($)(13) As-of Date (Yes/No) Ratio(7)(10)(11)(14) Maturity or ARD(7)(10)(14) Address City County State Zip Code Built Renovated Rooms/Pads)
Property 35.01 LaGrange 0.4%   4,100,000 05/21/2018 Yes     900 Hogansville Road LaGrange Troup GA 30241 1989 NAP 76,594
Property 35.02 Georgetown 0.3%   2,600,000 05/13/2018 Yes     1620 Highmarket Street Georgetown Georgetown SC 29440 1973 2003 29,572
Property 35.03 Ridgeland Center 0.1%   1,500,000 05/13/2018 Yes     113 / 10847 North Jacob Smart Boulevard Ridgeland Jasper SC 29936 1970 2003 20,029
Loan 36 Lakeville Townhomes 0.8% 6 8,910,000 06/11/2018 Yes 64.0% 56.8% 1103 Dudley Drive Shreveport Caddo Parish LA 71104 1949 NAP 228
Loan 37 Maricopa Marketplace 0.7% 6 10,050,000 06/15/2018 Yes 50.0% 50.0% 20917-21141 North John Wayne Parkway Maricopa Pinal AZ 85139 2005 NAP 38,877
Loan 38 Lockaway Storage - Airport 0.7% 6 8,000,000 06/04/2018 Yes 60.6% 53.8% 907 North Coker Loop San Antonio Bexar TX 78216 1978 NAP 87,630
Loan 39 TownePlace Suites Tucson 0.7% 6 8,500,000 05/14/2018 Yes 55.3% 41.5% 405 West Rudasill Road Tucson Pima AZ 85704 2001 2017 76
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% 6 14,100,000 06/07/2018 Yes 31.9% 19.6% 4210 West Airport Freeway Irving Dallas TX 75062 1983 NAP 120
Loan 41 Pointe Professional Center 0.5% 6 6,450,000 05/10/2018 Yes 55.8% 46.0% 18223-18325 East 10 Mile Road Roseville Macomb MI 48066 1986, 1988, 1996 NAP 62,613
Loan 42 Kris Kay MHC 0.5% 6 4,950,000 05/03/2018 Yes 71.9% 62.5% 1800 South Graham Road Thomas Township Saginaw MI 48609 1972 NAP 288

 

 A-1-6

 

 

CD 2018-CD7

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

 

          Loan per Net                          
      % of Units Rentable Area             Second Most Second Second Second Third Most Third Third
      Initial Pool of (SF/Units/   Prepayment Provisions Most Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent
Property Flag ID Property Name Balance Measure Rooms/Pads) ($)(4)(15)   (# of payments)(16)(17)(18) Statements Date EGI ($) Expenses($) NOI($)(11) Statements Date EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($)
Loan 1 Aventura Mall(2)(35) 8.4% Sq. Ft. 1,155   L(25), D(88), O(7) 03/31/2018 149,776,330 31,484,933 118,291,397 12/31/2017 145,286,882 30,046,320 115,240,562 12/31/2016 139,956,585 29,303,182
Loan 2 Bank of America Center(2)(36) 7.0% Sq. Ft. 121   L(25), D(91), O(4) 04/30/2018 7,656,935 3,679,228 3,977,706 12/31/2017 7,554,630 3,605,981 3,948,648 12/31/2016 6,752,259 3,329,786
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% Units 154,412   L(26), D(90), O(4) 03/31/2018 7,096,353 1,914,782 5,181,571 12/31/2017 6,863,531 1,884,384 4,979,147      
Property 3.01 320 West 49th Street 0.5% Units 188,042     03/31/2018 589,524 98,550 490,974 12/31/2017 534,473 93,502 440,971      
Property 3.02 324 West 49th Street 0.5% Units 205,970     03/31/2018 569,087 111,664 457,423 12/31/2017 519,215 107,419 411,796      
Property 3.03 340 West 49th Street 0.5% Units 215,969     03/31/2018 527,273 116,237 411,036 12/31/2017 527,666 113,356 414,310      
Property 3.04 326 West 49th Street 0.5% Units 176,015     03/31/2018 555,419 97,931 457,489 12/31/2017 537,811 95,683 442,128      
Property 3.05 338 West 49th Street 0.5% Units 172,273     03/31/2018 486,296 182,513 303,783 12/31/2017 480,811 180,569 300,242      
Property 3.06 332 West 49th Street 0.5% Units 164,644     03/31/2018 467,994 82,636 385,358 12/31/2017 486,306 81,429 404,877      
Property 3.07 318 West 49th Street 0.4% Units 159,075     03/31/2018 500,468 99,203 401,265 12/31/2017 465,493 94,023 371,470      
Property 3.08 322 West 49th Street 0.4% Units 181,380     03/31/2018 547,327 162,674 384,653 12/31/2017 517,336 162,585 354,751      
Property 3.09 330 West 49th Street 0.4% Units 146,988     03/31/2018 444,822 77,136 367,686 12/31/2017 457,546 74,603 382,943      
Property 3.1 334 West 49th Street 0.4% Units 127,505     03/31/2018 486,864 185,254 301,610 12/31/2017 478,844 185,131 293,713      
Property 3.11 328 West 49th Street 0.4% Units 125,739     03/31/2018 467,105 123,014 344,091 12/31/2017 474,484 124,384 350,100      
Property 3.12 336 West 49th Street 0.3% Units 113,522     03/31/2018 496,473 201,977 294,497 12/31/2017 468,682 200,926 267,756      
Property 3.13 308 West 49th Street 0.3% Units 102,617     03/31/2018 478,799 173,965 304,834 12/31/2017 461,047 175,601 285,446      
Property 3.14 310 West 49th Street 0.3% Units 100,459     03/31/2018 478,902 202,030 276,872 12/31/2017 453,817 195,174 258,643      
Loan 4 175 Park Avenue(2)(31) 4.9% Sq. Ft. 315   L(27), D(89), O(4) 02/28/2018 9,646,590 1,533,245 8,113,345 12/31/2017 9,622,727 1,654,788 7,967,939 12/31/2016 9,571,205 1,645,281
Loan 5 Zenith Ridge(2) 4.9% Sq. Ft. 185   L(24), D(92), O(4) 05/31/2018 11,411,164 2,034,119 9,377,045 12/31/2017 10,793,818 1,959,830 8,833,988 12/31/2016 9,275,299 1,618,191
Loan 6 Buckeye Corrugated 4.6% Sq. Ft. 40   L(25), D(90), O(5)                      
Property 6.01 Buckeye Division 1.2% Sq. Ft. 40                          
Property 6.02 All-Size Division 0.9% Sq. Ft. 40                          
Property 6.03 Tennessee Division 0.9% Sq. Ft. 40                          
Property 6.04 Kock Division 0.6% Sq. Ft. 40                          
Property 6.05 Cra-Wal Division 0.5% Sq. Ft. 40                          
Property 6.06 Dakota Division 0.4% Sq. Ft. 40                          
Loan 7 Centennial I & II 4.6% Sq. Ft. 139   L(24), D(91), O(5) 03/31/2018 3,555,364 952,211 2,603,153 12/31/2017 3,532,076 945,357 2,586,719 12/31/2016 3,517,570 916,588
Loan 8 NoLIta Multifamily Portfolio 4.5% Units 864,865   L(26), D(89), O(5)                      
Property 8.01 26 Prince Street 1.7% Units 750,000                          
Property 8.02 29 Prince Street 1.5% Units 2,130,000                          
Property 8.03 137 Thompson Street 1.3% Units 584,375                          
Loan 9 Playa Largo(2) 4.2% Rooms 505,618   L(26), D(90), O(4) 04/30/2018 29,652,427 18,917,973 10,734,454 12/31/2017 27,098,534 17,912,842 9,185,692      
Loan 10 Alabama Hotel Portfolio 4.0% Rooms 93,519   L(25), D(91), O(4) 05/31/2018 13,535,824 8,619,640 4,916,184 12/31/2017 12,935,282 8,427,788 4,507,494 12/31/2016 11,804,856 7,681,068
Property 10.01 Embassy Suites - Birmingham 2.8% Rooms 95,917     05/31/2018 9,969,894 6,755,661 3,214,233 12/31/2017 9,633,157 6,618,914 3,014,243 12/31/2016 8,922,111 6,206,263
Property 10.02 Springhill Suites - Tuscaloosa 1.2% Rooms 88,323     05/31/2018 3,565,930 1,863,979 1,701,951 12/31/2017 3,302,125 1,808,874 1,493,251 12/31/2016 2,882,745 1,474,805
Loan 11 Walmart Supercenter Teterboro 3.5% Sq. Ft. 40   L(24), D(91), O(5)                      
Loan 12 Sully Station Shopping Center 3.5% Sq. Ft. 163   L(24), D(92), O(4) 04/30/2018 4,147,852 882,387 3,265,465 12/31/2017 3,886,425 822,844 3,063,581 12/31/2016 3,381,744 840,908
Loan 13 Bear Creek Apartments 3.4% Units 101,563   L(25), D(92), O(3) 05/31/2018 2,989,421 786,560 2,202,860 12/31/2017 2,919,070 752,361 2,166,708 12/31/2016 2,696,365 726,156
Loan 14 Riverwalk(2)(21) 2.8% Sq. Ft. 128   L(26), D(91), O(3) 03/31/2018 9,623,128 3,038,382 6,584,746 12/31/2017 9,594,562 2,972,803 6,621,759 12/31/2016 9,353,828 3,023,123
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% Sq. Ft. 88   L(24), D(92), O(4) 05/31/2018 2,129,066 787,993 1,341,073 12/31/2017 2,077,977 789,534 1,288,443 12/31/2016 1,976,383 778,299
Property 15.01 Ann Arbor Self Storage 1.4% Sq. Ft. 90     05/31/2018 1,332,697 465,482 867,215 12/31/2017 1,312,439 472,749 839,690 12/31/2016 1,262,130 448,491
Property 15.02 Clinton Self Storage 0.8% Sq. Ft. 85     05/31/2018 796,369 322,511 473,858 12/31/2017 765,538 316,785 448,753 12/31/2016 714,253 329,808
Loan 16 Homestead TownePlace Suites 2.0% Rooms 121,739   L(25), D(91), O(4) 04/30/2018 4,549,050 2,542,443 2,006,607 12/31/2017 4,478,501 2,441,227 2,037,274      
Loan 17 Interstate Plaza 1.8% Sq. Ft. 129   L(13), YM1(103), O(4) 04/30/2018 1,510,388 443,239 1,067,149 12/31/2017 1,610,633 442,728 1,167,905 12/31/2016 1,412,895 393,577
Loan 18 Edgewater Village Shopping Center(37) 1.7% Sq. Ft. 91   L(25), D(90), O(5) 04/30/2018 1,839,717 414,259 1,425,458 12/31/2017 1,633,783 378,231 1,255,552 12/31/2016 T6 Annualized 1,240,751 441,297
Loan 19 Fordham Green Apartments 1.7% Units 85,616   L(25), D(91), O(4) 05/31/2018 1,903,971 786,628 1,117,343 12/31/2017 1,919,568 779,967 1,139,601 12/31/2016 1,841,139 800,794
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% Sq. Ft. 66   L(24), D(92), O(4) 05/31/2018 1,788,414 750,170 1,038,243 12/31/2017 1,729,174 710,814 1,018,360 12/31/2016 1,718,318 719,570
Property 20.01 Rochester Mini Storage 1.1% Sq. Ft. 87     05/31/2018 969,063 311,047 658,016 12/31/2017 917,728 305,777 611,951 12/31/2016 883,041 333,628
Property 20.02 Lansing Self Storage 0.6% Sq. Ft. 45     05/31/2018 819,351 439,123 380,228 12/31/2017 811,446 405,037 406,409 12/31/2016 835,277 385,942
Loan 21 Southpointe Square 1.6% Units 51,652   L(25), D(91), O(4) 05/31/2018 2,009,984 947,970 1,062,014 12/31/2017 1,973,038 910,154 1,062,884 12/31/2016 1,860,549 884,318
Loan 22 Rohnert Park Center 1.5% Sq. Ft. 80   L(26), D(89), O(5) 03/31/2018 2,031,008 411,415 1,619,593 12/31/2017 2,016,535 422,032 1,594,503 12/31/2016 2,047,496 391,506
Loan 23 12-01 44th Avenue(37) 1.5% Sq. Ft. 489   L(6), YM1(109), O(5)                      
Loan 24 Pangea 20(37) 1.5% Units 47,137   L(25), D(89), O(6) 05/31/2018 1,174,850 687,235 487,615              
Property 24.01 5501 West Washington Boulevard 1.2% Units 48,413                          
Property 24.02 14110 South Atlantic Avenue 0.1% Units 40,261                          
Property 24.03 1475 State Street 0.1% Units 43,577                          
Property 24.04 4206 Lindenwood Drive 0.1% Units 49,734                          
Property 24.05 8901 South Cottage Grove Avenue 0.1% Units 39,788                          
Loan 25 Palmhurst Village(37) 1.4% Sq. Ft. 111   L(24), D(91), O(5) 05/31/2018 1,115,641 461,941 653,700 12/31/2017 911,767 399,256 512,512 12/31/2016 856,344 399,134
Loan 26 Kinston Portfolio(36) 1.4% Rooms 49,706   L(28), D(88), O(4) 12/31/2017 5,288,418 3,297,651 1,990,767 12/31/2016 4,717,491 3,029,075 1,688,416 12/31/2015 4,659,419 3,325,439
Property 26.01 Hampton Inn – Kinston 0.8% Rooms 46,772     12/31/2017 3,078,314 1,893,480 1,184,834 12/31/2016 2,574,820 1,755,569 819,251 12/31/2015 2,907,750 2,015,203
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6% Rooms 54,545     12/31/2017 2,210,104 1,404,171 805,933 12/31/2016 2,142,671 1,273,506 869,165 12/31/2015 1,751,669 1,310,236
Loan 27 Mac Phail Crossing 1.3% Sq. Ft. 89   L(25), D(92), O(3) 03/31/2018 1,588,967 284,312 1,304,654 12/31/2017 1,615,748 287,503 1,328,245 12/31/2016 1,691,992 328,275
Loan 28 Wisteria Village 1.3% Sq. Ft. 53   L(29), D(87), O(4) 12/31/2017 1,143,826 255,999 887,827 12/31/2016 1,081,439 250,021 831,418 12/31/2015 553,113 222,432
Loan 29 Fredericksburg Place(36) 1.2% Units 37,054   L(25), D(91), O(4) 05/31/2018 1,870,262 1,124,596 745,666 12/31/2017 1,831,385 1,235,822 595,564 12/31/2016 1,599,929 762,107
Loan 30 Lockaway Storage - Schertz 1.1% Sq. Ft. 116   L(25), D(91), O(4) 05/31/2018 1,057,800 345,374 712,426 12/31/2017 1,041,400 355,972 685,428 12/31/2016 979,114 330,410
Loan 31 1503 Jefferson & 406 Cornelia 1.1% Units 421,053   L(25), D(91), O(4)                      
Loan 32 Hampton Inn Port Charlotte 1.0% Rooms 98,592   L(25), D(91), O(4) 04/30/2018 2,761,429 1,250,299 1,511,130 12/31/2017 2,663,549 1,289,157 1,374,392 12/31/2016 2,305,062 1,129,036
Loan 33 Cliffs of Macon 1.0% Units 48,543   L(25), D(91), O(4) 03/31/2018 1,094,117 282,035 812,082 12/31/2017 1,083,845 282,397 801,448 12/31/2016 1,080,738 283,982
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% Rooms 55,046   L(24), D(90), O(6) 04/30/2018 3,368,831 2,407,855 960,976 12/31/2017 3,197,954 2,332,593 865,361 12/31/2016 2,859,355 2,231,018
Loan 35 Wheeler SC-GA Portfolio 0.8% Sq. Ft. 45   L(25), DorYM2(31), O(4) 03/31/2018 973,342 271,203 702,139 12/31/2017 955,387 204,556 750,830 12/31/2016 1,010,124 236,460

 

 A-1-7

 

 

CD 2018-CD7

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

 

          Loan per Net                          
      % of Units Rentable Area             Second Most Second Second Second Third Most Third Third
      Initial Pool of (SF/Units/   Prepayment Provisions Most Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent
Property Flag ID Property Name Balance Measure Rooms/Pads) ($)(4)(15)   (# of payments)(16)(17)(18) Statements Date EGI ($) Expenses($) NOI($)(11) Statements Date EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($)
Property 35.01 LaGrange 0.4% Sq. Ft. 37     03/31/2018 494,677 133,720 360,957 12/31/2017 525,028 138,267 386,760 12/31/2016 560,049 135,228
Property 35.02 Georgetown 0.3% Sq. Ft. 61     03/31/2018 329,790 81,970 247,820 12/31/2017 287,730 47,193 240,537 12/31/2016 300,006 56,352
Property 35.03 Ridgeland Center 0.1% Sq. Ft. 52     03/31/2018 148,875 55,513 93,362 12/31/2017 142,629 19,096 123,533 12/31/2016 150,069 44,880
Loan 36 Lakeville Townhomes 0.8% Units 25,000   L(24), YM1(92), O(4) 05/31/2018 1,340,114 644,643 695,471 12/31/2017 1,372,818 633,445 739,373 12/31/2016 1,391,099 573,751
Loan 37 Maricopa Marketplace 0.7% Sq. Ft. 129   L(24), D(92), O(4) 6/30/2018 Annualized 1,087,020 395,342 691,678 12/31/2017 1,078,737 374,893 703,844 12/31/2016 1,145,347 381,266
Loan 38 Lockaway Storage - Airport 0.7% Sq. Ft. 55   L(25), D(91), O(4) 05/31/2018 723,932 274,037 449,895 12/31/2017 695,489 280,802 414,687 12/31/2016 T6 Annualized 573,289 277,679
Loan 39 TownePlace Suites Tucson 0.7% Rooms 61,842   L(24), D(90), O(6) 04/30/2018 2,375,996 1,674,209 701,787 12/31/2017 2,337,315 1,620,126 717,189 12/31/2016 2,079,235 1,595,196
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% Rooms 37,500   L(24), D(93), O(3) 05/31/2018 3,658,223 2,425,718 1,232,505 12/31/2017 3,741,838 2,483,123 1,258,715 12/31/2016 3,443,123 2,300,350
Loan 41 Pointe Professional Center 0.5% Sq. Ft. 57   L(6), YM1(109), O(5) 04/30/2018 960,560 419,834 540,726 12/31/2017 942,624 436,677 505,947 12/31/2016 874,353 371,783
Loan 42 Kris Kay MHC 0.5% Pads 12,361   L(24), YM1(91), O(5) 03/31/2018 660,522 341,961 318,561 12/31/2017 656,284 337,669 318,615 12/31/2016 626,706 344,561

 

 A-1-8

 

 

CD 2018-CD7

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

 

                                     
      % of Third                            
      Initial Pool Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease Ground Lease    
Property Flag ID Property Name Balance NOI($) Debt Yield(14) Debt Yield(14)  Revenue($)  EGI($)  Expenses($)  NOI ($)(11)  Reserves($) TI/LC($) NCF ($) Interest  Expiration(19)  Extension Terms(19) Largest Tenant(20)(22)(23)(24)(25) SF  
Loan 1 Aventura Mall(2)(35) 8.4% 110,653,403 11.0% 10.8% 155,278,939 185,479,647 30,620,668 154,858,979 243,502 3,043,770 151,571,708 Fee Simple     J. C. Penney Co. 193,759
Loan 2 Bank of America Center(2)(36) 7.0% 3,422,473 11.6% 10.9% 9,559,330 10,869,501 3,853,953 7,015,548 50,139 348,888 6,616,522 Fee Simple     Bank of America 85,072
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9%   14.3% 14.3% 7,600,468 7,951,421 1,965,820 5,985,601     5,985,601 Fee Simple        
Property 3.01 320 West 49th Street 0.5%       627,405 608,583 77,471 531,112     531,112 Fee Simple     NAP NAP
Property 3.02 324 West 49th Street 0.5%       504,199 631,494 105,256 526,238     526,238 Fee Simple     NAP NAP
Property 3.03 340 West 49th Street 0.5%       516,705 617,837 93,854 523,983     523,983 Fee Simple     NAP NAP
Property 3.04 326 West 49th Street 0.5%       630,626 611,707 111,071 500,636     500,636 Fee Simple     NAP NAP
Property 3.05 338 West 49th Street 0.5%       592,640 692,928 198,192 494,736     494,736 Fee Simple     NAP NAP
Property 3.06 332 West 49th Street 0.5%       570,272 553,163 85,311 467,853     467,853 Fee Simple     NAP NAP
Property 3.07 318 West 49th Street 0.4%       555,233 556,036 100,608 455,428     455,428 Fee Simple     NAP NAP
Property 3.08 322 West 49th Street 0.4%       445,802 590,985 151,524 439,461     439,461 Fee Simple     NAP NAP
Property 3.09 330 West 49th Street 0.4%       515,850 500,375 87,546 412,829     412,829 Fee Simple     NAP NAP
Property 3.1 334 West 49th Street 0.4%       582,046 564,585 198,073 366,512     366,512 Fee Simple     NAP NAP
Property 3.11 328 West 49th Street 0.4%       509,456 494,172 134,437 359,735     359,735 Fee Simple     NAP NAP
Property 3.12 336 West 49th Street 0.3%       568,611 551,552 224,088 327,465     327,465 Fee Simple     NAP NAP
Property 3.13 308 West 49th Street 0.3%       482,992 486,475 192,280 294,195     294,195 Fee Simple     NAP NAP
Property 3.14 310 West 49th Street 0.3%       498,631 491,530 206,111 285,419     285,419 Fee Simple     NAP NAP
Loan 4 175 Park Avenue(2)(31) 4.9% 7,925,924 8.9% 8.7% 7,152,300 9,222,583 1,678,193 7,544,391 54,000 135,000 7,355,391 Fee Simple     Realogy Operations LLC 270,000
Loan 5 Zenith Ridge(2) 4.9% 7,657,108 10.5% 9.6% 12,792,023 12,152,422 2,717,417 9,435,006 72,900 729,000 8,633,106 Fee Simple     Ansys, Inc. 216,971
Loan 6 Buckeye Corrugated 4.6%   9.4% 8.7% 3,371,235 3,578,594 478,064 3,100,530 123,942 121,629 2,854,958 Fee Simple        
Property 6.01 Buckeye Division 1.2%                     Fee Simple     Buckeye Corrugated 223,592
Property 6.02 All-Size Division 0.9%                     Fee Simple     Buckeye Corrugated 166,970
Property 6.03 Tennessee Division 0.9%                     Fee Simple     Buckeye Corrugated 155,721
Property 6.04 Kock Division 0.6%                     Fee Simple     Buckeye Corrugated 114,000
Property 6.05 Cra-Wal Division 0.5%                     Fee Simple     Buckeye Corrugated 96,000
Property 6.06 Dakota Division 0.4%                     Fee Simple     Buckeye Corrugated 70,000
Loan 7 Centennial I & II 4.6% 2,600,982 11.8% 10.8% 5,167,174 4,862,311 991,529 3,870,782 23,566 299,289 3,547,926 Fee Simple     State of Washington - Department of Social and Health Services 186,923
Loan 8 NoLIta Multifamily Portfolio 4.5%   6.6% 6.5% 3,204,837 3,085,561 982,001 2,103,560 10,995 5,678 2,086,886 Fee Simple        
Property 8.01 26 Prince Street 1.7%       1,182,000 1,136,652 355,084 781,568 4,500 2,250 774,818 Fee Simple     NAP NAP
Property 8.02 29 Prince Street 1.5%       1,083,366 1,041,960 340,482 701,478 1,995 1,628 697,855 Fee Simple     NAP NAP
Property 8.03 137 Thompson Street 1.3%       939,471 906,949 286,436 620,513 4,500 1,800 614,213 Fee Simple     NAP NAP
Loan 9 Playa Largo(2) 4.2%   12.1% 10.7% 29,652,427 29,652,427 18,795,321 10,857,106 1,186,097   9,671,009 Fee Simple     NAP NAP
Loan 10 Alabama Hotel Portfolio 4.0% 4,123,788 17.2% 15.3% 13,535,824 13,535,824 8,644,168 4,891,656 541,433   4,350,223 Fee Simple        
Property 10.01 Embassy Suites - Birmingham 2.8% 2,715,848     9,969,894 9,969,894 6,752,767 3,217,127 398,796   2,818,331 Fee Simple     NAP NAP
Property 10.02 Springhill Suites - Tuscaloosa 1.2% 1,407,940     3,565,930 3,565,930 1,891,401 1,674,529 142,637   1,531,892 Fee Simple     NAP NAP
Loan 11 Walmart Supercenter Teterboro 3.5%   7.3% 7.3% 1,562,500 1,844,055   1,844,055     1,844,055 Fee Simple     NAP NAP
Loan 12 Sully Station Shopping Center 3.5% 2,540,836 13.2% 12.3% 4,541,023 4,310,958 1,016,788 3,294,170 52,259 174,302 3,067,609 Fee Simple     GlowZone 48,322
Loan 13 Bear Creek Apartments 3.4% 1,970,209 8.5% 8.3% 2,974,031 2,971,141 889,905 2,081,236 60,000   2,021,236 Fee Simple     NAP NAP
Loan 14 Riverwalk(2)(21) 2.8% 6,330,705 9.2% 8.8% 9,909,312 10,828,207 3,385,984 7,442,223 63,038 252,152 7,127,034 Fee Simple     Solectria 78,410
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% 1,198,084 8.3% 8.1% 2,200,452 2,129,066 833,874 1,295,192 21,239   1,273,953 Fee Simple        
Property 15.01 Ann Arbor Self Storage 1.4% 813,639     1,421,952 1,332,697 483,924 848,773 13,666   835,107 Fee Simple     NAP NAP
Property 15.02 Clinton Self Storage 0.8% 384,445     778,500 796,369 349,950 446,419 7,573   438,846 Fee Simple     NAP NAP
Loan 16 Homestead TownePlace Suites 2.0%   14.5% 13.2% 4,413,000 4,549,050 2,520,278 2,028,772 181,962   1,846,810 Fee Simple     NAP NAP
Loan 17 Interstate Plaza 1.8% 1,019,318 10.0% 9.2% 1,958,300 1,847,685 524,798 1,322,887 16,419 96,220 1,210,249 Fee Simple     Planet Fitness 18,000
Loan 18 Edgewater Village Shopping Center(37) 1.7% 799,454 11.2% 10.1% 2,018,958 1,863,594 457,732 1,405,861 38,412 102,889 1,264,561 Fee Simple     Stein Mart 27,842
Loan 19 Fordham Green Apartments 1.7% 1,040,345 8.5% 8.2% 2,099,877 1,903,971 837,706 1,066,265 43,003   1,023,261 Fee Simple     NAP NAP
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% 998,748 8.4% 8.2% 1,823,748 1,814,816 767,528 1,047,288 18,936   1,028,352 Fee Simple        
Property 20.01 Rochester Mini Storage 1.1% 549,413     937,968 995,465 312,351 683,114 9,412   673,702 Fee Simple     NAP NAP
Property 20.02 Lansing Self Storage 0.6% 449,335     885,780 819,351 455,177 364,174 9,524   354,649 Fee Simple     NAP NAP
Loan 21 Southpointe Square 1.6% 976,231 9.2% 8.6% 2,151,264 2,046,592 982,742 1,063,851 68,698   995,154 Fee Simple     NAP NAP
Loan 22 Rohnert Park Center 1.5% 1,655,990 13.9% 12.9% 1,719,298 2,043,777 514,001 1,529,776 27,437 88,344 1,413,995 Fee Simple     Reading Cinemas 74,000
Loan 23 12-01 44th Avenue(37) 1.5%   7.7% 7.5% 1,043,361 991,193 164,215 826,978 4,400 16,500 806,078 Fee Simple     Wirecutter, Inc. 22,000
Loan 24 Pangea 20(37) 1.5%   12.0% 11.5% 1,996,416 1,975,909 689,986 1,285,923 56,750   1,229,173 Fee Simple        
Property 24.01 5501 West Washington Boulevard 1.2%                     Fee Simple     NAP NAP
Property 24.02 14110 South Atlantic Avenue 0.1%                     Fee Simple     NAP NAP
Property 24.03 1475 State Street 0.1%                     Fee Simple     NAP NAP
Property 24.04 4206 Lindenwood Drive 0.1%                     Fee Simple     NAP NAP
Property 24.05 8901 South Cottage Grove Avenue 0.1%                     Fee Simple     NAP NAP
Loan 25 Palmhurst Village(37) 1.4% 457,209 9.8% 9.1% 1,528,904 1,444,526 474,951 969,575 17,863 53,590 898,122 Fee Simple     Ross Dress for Less 30,000
Loan 26 Kinston Portfolio(36) 1.4% 1,333,980 20.3% 17.6% 5,204,879 5,288,418 3,308,387 1,980,030 264,421   1,715,610 Fee Simple        
Property 26.01 Hampton Inn – Kinston 0.8% 892,547     3,012,129 3,078,314 1,902,030 1,176,284 153,916   1,022,368 Fee Simple     NAP NAP
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6% 441,433     2,192,750 2,210,104 1,406,357 803,747 110,505   693,242 Fee Simple     NAP NAP
Loan 27 Mac Phail Crossing 1.3% 1,363,716 12.8% 12.0% 1,749,519 1,662,043 487,071 1,174,972 20,598 53,164 1,101,209 Fee Simple     Weis Markets, Inc. 57,992
Loan 28 Wisteria Village 1.3% 330,681 10.5% 9.1% 1,143,812 1,232,371 272,663 959,708 29,214 100,039 830,455 Fee Simple     At Home 84,146
Loan 29 Fredericksburg Place(36) 1.2% 837,822 10.5% 9.8% 1,941,960 1,974,005 1,102,617 871,388 56,000   815,388 Fee Simple     NAP NAP
Loan 30 Lockaway Storage - Schertz 1.1% 648,704 8.8% 8.7% 898,945 1,055,513 334,412 721,101 8,436   712,665 Fee Simple     NAP NAP
Loan 31 1503 Jefferson & 406 Cornelia 1.1%   7.0% 7.0% 641,400 633,158 145,155 488,003     488,003 Fee Simple     NAP NAP
Loan 32 Hampton Inn Port Charlotte 1.0% 1,176,026 17.9% 16.3% 2,719,729 2,759,301 1,504,628 1,254,672 110,372   1,144,300 Fee Simple     NAP NAP
Loan 33 Cliffs of Macon 1.0% 796,756 10.7% 10.3% 1,113,108 1,140,780 402,296 738,484 28,400   710,084 Fee Simple     NAP NAP
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% 628,337 16.1% 13.8% 3,368,831 3,368,831 2,405,537 963,294 134,753   828,540 Fee Simple     NAP NAP
Loan 35 Wheeler SC-GA Portfolio 0.8% 773,665 11.8% 10.3% 855,624 920,106 242,460 677,646 29,380 59,170 589,097 Fee Simple        

 

 A-1-9

 

 

CD 2018-CD7

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

 

                                     
      % of Third                            
      Initial Pool Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease Ground Lease    
Property Flag ID Property Name Balance NOI($) Debt Yield(14) Debt Yield(14)  Revenue($)  EGI($)  Expenses($)  NOI ($)(11)  Reserves($) TI/LC($) NCF ($) Interest  Expiration(19)  Extension Terms(19) Largest Tenant(20)(22)(23)(24)(25) SF  
Property 35.01 LaGrange 0.4% 424,822     448,206 410,692 123,679 287,013 14,070 40,295 232,648 Fee Simple     Food Depot 46,700
Property 35.02 Georgetown 0.3% 243,654     267,215 329,714 67,325 262,389 8,926 12,365 241,098 Fee Simple     Piggly Wiggly 22,032
Property 35.03 Ridgeland Center 0.1% 105,189     140,203 179,700 51,456 128,244 6,384 6,509 115,351 Fee Simple     Piggly Wiggly 20,029
Loan 36 Lakeville Townhomes 0.8% 817,348 11.5% 10.3% 1,764,324 1,340,114 683,363 656,751 68,400   588,351 Fee Simple     NAP NAP
Loan 37 Maricopa Marketplace 0.7% 764,081 13.4% 12.3% 1,146,777 1,066,489 392,366 674,123 17,106 38,877 618,140 Fee Simple     Plaza Bonita Mexican Restaurant 4,504
Loan 38 Lockaway Storage - Airport 0.7% 295,610 9.5% 9.4% 713,850 737,006 274,106 462,900 8,763   454,137 Fee Simple     NAP NAP
Loan 39 TownePlace Suites Tucson 0.7% 484,039 14.8% 12.8% 2,375,996 2,375,996 1,680,029 695,967 95,040   600,927 Fee Simple     NAP NAP
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% 1,142,773 25.7% 22.6% 3,445,849 3,474,067 2,317,328 1,156,739 138,963   1,017,776 Fee Simple     NAP NAP
Loan 41 Pointe Professional Center 0.5% 502,570 15.5% 13.2% 1,189,921 1,027,937 469,487 558,450 20,292 62,613 475,545 Fee Simple     William Beaumont Hospital 9,133
Loan 42 Kris Kay MHC 0.5% 282,145 9.1% 8.9% 940,017 638,852 313,738 325,114 9,432   315,682 Fee Simple     NAP NAP

 

 A-1-10

 

 

CD 2018-CD7

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

 

                                   
      % of                            
      Initial Pool Lease     Lease     Lease     Lease     Lease  
Property Flag ID Property Name Balance Expiration 2nd Largest Tenant(22)(23)(25) SF Expiration 3rd Largest Tenant(23) SF Expiration 4th Largest Tenant SF Expiration 5th Largest Tenant SF Expiration Occupancy(4)(20)
Loan 1 Aventura Mall(2)(35) 8.4% 04/30/2023 AMC Theatres 78,738 08/31/2023 Zara 34,454 10/31/2029 XXI Forever 32,504 06/30/2018 H & M 28,830 01/31/2027 92.8%
Loan 2 Bank of America Center(2)(36) 7.0% 06/10/2022 DEQ 81,553 4/30/2028 Virginia Retirement System 68,356 6/30/2024 Sands Anderson Marks & Miller 38,832 1/31/2024 McCandlish Holton 33,822 4/30/2026 84.5%
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9%                           97.8%
Property 3.01 320 West 49th Street 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.0%
Property 3.02 324 West 49th Street 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 88.9%
Property 3.03 340 West 49th Street 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.04 326 West 49th Street 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.05 338 West 49th Street 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.0%
Property 3.06 332 West 49th Street 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.07 318 West 49th Street 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.08 322 West 49th Street 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.09 330 West 49th Street 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.0%
Property 3.1 334 West 49th Street 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.11 328 West 49th Street 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.12 336 West 49th Street 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.0%
Property 3.13 308 West 49th Street 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 3.14 310 West 49th Street 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 4 175 Park Avenue(2)(31) 4.9% 12/31/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 5 Zenith Ridge(2) 4.9% 12/31/2029 EQT Corp. 180,908 01/31/2031 Nicholson Construction Company 17,342 01/31/2026 Sentric Holdings Corp. 13,334 09/30/2021 Regus 13,814 01/31/2025 100.0%
Loan 6 Buckeye Corrugated 4.6%                           100.0%
Property 6.01 Buckeye Division 1.2% 06/15/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 6.02 All-Size Division 0.9% 06/15/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 6.03 Tennessee Division 0.9% 06/15/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 6.04 Kock Division 0.6% 06/15/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 6.05 Cra-Wal Division 0.5% 06/15/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 6.06 Dakota Division 0.4% 06/15/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 7 Centennial I & II 4.6% 10/31/2028 State of Washington Employment Security Department 20,313 10/31/2028 Econet, Inc. 18,754 03/31/2028 NAP NAP NAP NAP NAP NAP 95.9%
Loan 8 NoLIta Multifamily Portfolio 4.5%                           100.0%
Property 8.01 26 Prince Street 1.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 8.02 29 Prince Street 1.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 8.03 137 Thompson Street 1.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 9 Playa Largo(2) 4.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 79.3%
Loan 10 Alabama Hotel Portfolio 4.0%                           76.6%
Property 10.01 Embassy Suites - Birmingham 2.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 77.3%
Property 10.02 Springhill Suites - Tuscaloosa 1.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 75.3%
Loan 11 Walmart Supercenter Teterboro 3.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 12 Sully Station Shopping Center 3.5% 12/31/2028 Goodwill 17,739 08/31/2027 Planet Fitness 15,800 01/31/2027 Exxon 10,048 07/31/2037 Dollar Tree 9,134 08/31/2020 95.3%
Loan 13 Bear Creek Apartments 3.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 97.9%
Loan 14 Riverwalk(2)(21) 2.8% 3/1/2019 Partners Community Healthcare 48,892 11/1/2019 Home Health VNA 34,252 10/15/2025 Jaybird & Mais 33,786 12/1/2021 Select One Construction 31,000 4/30/2033 93.0%
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2%                           88.6%
Property 15.01 Ann Arbor Self Storage 1.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 87.6%
Property 15.02 Clinton Self Storage 0.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 90.5%
Loan 16 Homestead TownePlace Suites 2.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 81.1%
Loan 17 Interstate Plaza 1.8% 11/30/2020 Spec’s Liquor 17,993 07/31/2028 JoAnn Fabrics 17,979 01/31/2025 PetSmart 15,713 12/31/2026 Aaron’s Rents 7,000 11/30/2023 96.0%
Loan 18 Edgewater Village Shopping Center(37) 1.7% 09/30/2022 Tulane University 14,961 09/30/2027 Tuesday Morning 12,500 04/30/2027 Dollar Tree 10,000 01/31/2022 El Saltillo Mexican Restaurant 8,884 06/30/2023 93.2%
Loan 19 Fordham Green Apartments 1.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.2%
Loan 20 CityLine Rochester & Lansing Portfolio 1.7%                           87.6%
Property 20.01 Rochester Mini Storage 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 92.0%
Property 20.02 Lansing Self Storage 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 83.2%
Loan 21 Southpointe Square 1.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 92.9%
Loan 22 Rohnert Park Center 1.5% 10/31/2023 Jump Freedom 35,800 09/30/2019 Southern Glazers Wine and Spirits 15,981 02/28/2021 Cheer Obsession Athletics 5,803 06/30/2021 Applebees 5,600 01/31/2025 100.0%
Loan 23 12-01 44th Avenue(37) 1.5% 11/30/2028 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 24 Pangea 20(37) 1.5%                           95.6%
Property 24.01 5501 West Washington Boulevard 1.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.3%
Property 24.02 14110 South Atlantic Avenue 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 94.4%
Property 24.03 1475 State Street 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 24.04 4206 Lindenwood Drive 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 24.05 8901 South Cottage Grove Avenue 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 90.0%
Loan 25 Palmhurst Village(37) 1.4% 01/31/2026 Goodwill 11,951 06/30/2025 J Merchants 11,200 11/30/2022 Rainbow 5,032 01/31/2023 Rodeo Dental Texas, LLC 4,400 10/31/2026 95.5%
Loan 26 Kinston Portfolio(36) 1.4%                           72.5%
Property 26.01 Hampton Inn – Kinston 0.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 68.1%
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 79.7%
Loan 27 Mac Phail Crossing 1.3% 04/30/2022 Dick’s Sporting Goods, Inc. 45,000 03/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 28 Wisteria Village 1.3% 12/31/2020 Ollie’s Bargain Outlet 29,676 08/31/2022 Planet Fitness 26,324 02/28/2026 Gwinnett Bone & Joint Specialist 8,100 10/31/2018 China Chef 2,800 12/31/2020 94.3%
Loan 29 Fredericksburg Place(36) 1.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 94.6%
Loan 30 Lockaway Storage - Schertz 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 90.2%
Loan 31 1503 Jefferson & 406 Cornelia 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 32 Hampton Inn Port Charlotte 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 78.5%
Loan 33 Cliffs of Macon 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 97.9%
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 78.0%
Loan 35 Wheeler SC-GA Portfolio 0.8%                           97.1%

 

 A-1-11

 

 

CD 2018-CD7

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

 

                                   
      % of                            
      Initial Pool Lease     Lease     Lease     Lease     Lease  
Property Flag ID Property Name Balance Expiration 2nd Largest Tenant(22)(23)(25) SF Expiration 3rd Largest Tenant(23) SF Expiration 4th Largest Tenant SF Expiration 5th Largest Tenant SF Expiration Occupancy(4)(20)
Property 35.01 LaGrange 0.4% 04/30/2028 Walgreens 9,594 01/28/2022 NWM Furniture Rental 3,000 03/31/2019 U’s Beauty Supply 2,400 12/31/2019 Zafar Iqbal dba Flair 1,500 09/30/2019 95.3%
Property 35.02 Georgetown 0.3% 08/31/2023 Family Dollar 7,540 01/31/2020 NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Property 35.03 Ridgeland Center 0.1% 03/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0%
Loan 36 Lakeville Townhomes 0.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 82.5%
Loan 37 Maricopa Marketplace 0.7% 06/30/2020 Leslie’s Poolmart 3,200 12/31/2019 Pizza Hut 3,000 04/30/2021 Sunrise Café 2,800 08/31/2022 Premier Orthodontic Specialists 2,800 01/31/2019 96.4%
Loan 38 Lockaway Storage - Airport 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 96.1%
Loan 39 TownePlace Suites Tucson 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 79.6%
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 82.1%
Loan 41 Pointe Professional Center 0.5% 03/31/2023 Michigan Cancer Specialist, PLC 6,250 03/31/2023 Ascension Medical Group Michigan 4,070 05/31/2022 Richard Kneip, Ph.D. PC dba Great Lakes Psychology 4,033 03/31/2025 Eastlake Pediatric 2,900 02/28/2025 86.5%
Loan 42 Kris Kay MHC 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 65.3%

 

 A-1-12

 

 

CD 2018-CD7

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

 

                       
      % of   Upfront Monthly Upfront Monthly Upfront Monthly Upfront
      Initial Pool Occupancy Replacement Replacement TI/LC TI/LC Tax Tax Insurance
Property Flag ID Property Name Balance As-of Date Reserves($)(27)(29) Reserves ($)(28)(29)(30) Reserves ($)(27) Reserves ($)(29)(29)(30) Reserves ($)(27) Reserves ($)(28)(30) Reserves($)(27)
Loan 1 Aventura Mall(2)(35) 8.4% 02/14/2018   Springing   Springing   Springing  
Loan 2 Bank of America Center(2)(36) 7.0% 06/18/2018   4,178 1,525,000   105,000 52,500 115,033
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% 05/31/2018 204,750 Springing 6,750 Springing 186,667 93,334 113,733
Property 3.01 320 West 49th Street 0.5% 05/31/2018              
Property 3.02 324 West 49th Street 0.5% 05/31/2018              
Property 3.03 340 West 49th Street 0.5% 05/31/2018              
Property 3.04 326 West 49th Street 0.5% 05/31/2018              
Property 3.05 338 West 49th Street 0.5% 05/31/2018              
Property 3.06 332 West 49th Street 0.5% 05/31/2018              
Property 3.07 318 West 49th Street 0.4% 05/31/2018              
Property 3.08 322 West 49th Street 0.4% 05/31/2018              
Property 3.09 330 West 49th Street 0.4% 05/31/2018              
Property 3.1 334 West 49th Street 0.4% 05/31/2018              
Property 3.11 328 West 49th Street 0.4% 05/31/2018              
Property 3.12 336 West 49th Street 0.3% 05/31/2018              
Property 3.13 308 West 49th Street 0.3% 05/31/2018              
Property 3.14 310 West 49th Street 0.3% 05/31/2018              
Loan 4 175 Park Avenue(2)(31) 4.9% 08/06/2018 162,000 Springing 675,000 Springing 115,000 115,000  
Loan 5 Zenith Ridge(2) 4.9% 07/11/2018   6,075   60,750 30,949 54,461  
Loan 6 Buckeye Corrugated 4.6% 08/06/2018   Springing       Springing  
Property 6.01 Buckeye Division 1.2% 08/06/2018              
Property 6.02 All-Size Division 0.9% 08/06/2018              
Property 6.03 Tennessee Division 0.9% 08/06/2018              
Property 6.04 Kock Division 0.6% 08/06/2018              
Property 6.05 Cra-Wal Division 0.5% 08/06/2018              
Property 6.06 Dakota Division 0.4% 08/06/2018              
Loan 7 Centennial I & II 4.6% 07/02/2018   1,964   39,277   43,098 14,111
Loan 8 NoLIta Multifamily Portfolio 4.5% 06/01/2018   1,071     355,500 59,250 22,554
Property 8.01 26 Prince Street 1.7% 06/01/2018              
Property 8.02 29 Prince Street 1.5% 06/01/2018              
Property 8.03 137 Thompson Street 1.3% 06/01/2018              
Loan 9 Playa Largo(2) 4.2% 04/30/2018   98,841     286,979 35,872 44,902
Loan 10 Alabama Hotel Portfolio 4.0% 05/31/2018   22,560     305,284 43,612  
Property 10.01 Embassy Suites - Birmingham 2.8% 05/31/2018              
Property 10.02 Springhill Suites - Tuscaloosa 1.2% 05/31/2018              
Loan 11 Walmart Supercenter Teterboro 3.5% NAP   Springing   Springing   Springing  
Loan 12 Sully Station Shopping Center 3.5% 06/20/2018   Springing   12,809 103,210 34,403 12,083
Loan 13 Bear Creek Apartments 3.4% 06/14/2018   5,000     93,169 15,528 10,114
Loan 14 Riverwalk(2)(21) 2.8% 06/18/2018 270,000 Springing 2,000,000 Springing   Springing  
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% 05/31/2018   1,918     143,279 15,920 6,023
Property 15.01 Ann Arbor Self Storage 1.4% 05/31/2018              
Property 15.02 Clinton Self Storage 0.8% 05/31/2018              
Loan 16 Homestead TownePlace Suites 2.0% 04/30/2018   4% of prior month revenues     99,402 14,200 49,239
Loan 17 Interstate Plaza 1.8% 04/01/2018   1,368   29,167 156,644 26,107 3,243
Loan 18 Edgewater Village Shopping Center(37) 1.7% 06/19/2018   4,230 150,000 8,574 74,394 12,399 69,661
Loan 19 Fordham Green Apartments 1.7% 06/01/2018   3,584     94,318 15,720  
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% Various 456,409 1,578     88,492 12,642 4,326
Property 20.01 Rochester Mini Storage 1.1% 02/23/2018              
Property 20.02 Lansing Self Storage 0.6% 05/31/2018              
Loan 21 Southpointe Square 1.6% 06/01/2018   5,725     168,403 16,840  
Loan 22 Rohnert Park Center 1.5% 03/31/2018   2,286 12,500 11,432   29,275  
Loan 23 12-01 44th Avenue(37) 1.5% 08/06/2018   367     3,354 3,354 43,988
Loan 24 Pangea 20(37) 1.5% 06/01/2018   4,729       16,022 9,737
Property 24.01 5501 West Washington Boulevard 1.2% 06/01/2018              
Property 24.02 14110 South Atlantic Avenue 0.1% 06/01/2018              
Property 24.03 1475 State Street 0.1% 06/01/2018              
Property 24.04 4206 Lindenwood Drive 0.1% 06/01/2018              
Property 24.05 8901 South Cottage Grove Avenue 0.1% 06/01/2018              
Loan 25 Palmhurst Village(37) 1.4% 06/01/2018   1,489   4,466 168,989 16,899 45,411
Loan 26 Kinston Portfolio(36) 1.4% 12/31/2017   The greater of (i) 4.0% of gross revenues for the month which occurred two months prior, (ii) the amount due under the management agreement, (iii) any amount required under any Franchise Agreement for FF&E Work     45,523 11,381 13,172
Property 26.01 Hampton Inn – Kinston 0.8% 12/31/2017              
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6% 12/31/2017              
Loan 27 Mac Phail Crossing 1.3% 04/02/2018 450,000 1,287   Springing 97,532 Springing 6,261
Loan 28 Wisteria Village 1.3% 02/22/2018   2,864   10,740 56,108 9,351 7,268
Loan 29 Fredericksburg Place(36) 1.2% 06/07/2018   5,600     146,139 24,356 32,056
Loan 30 Lockaway Storage - Schertz 1.1% 05/31/2018   703     48,668 6,953 671
Loan 31 1503 Jefferson & 406 Cornelia 1.1% 06/26/2018 14,250 Springing     17,500 8,750 3,376
Loan 32 Hampton Inn Port Charlotte 1.0% 04/30/2018   4% of prior month revenues     57,341 6,371 21,623
Loan 33 Cliffs of Macon 1.0% 03/31/2018 100,000 3,550     52,477 5,831  
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% 04/30/2018   2,807     76,500 12,750 10,628
Loan 35 Wheeler SC-GA Portfolio 0.8% Various   2,103   6,836 35,080 8,770  

 

 A-1-13

 

 

CD 2018-CD7

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

 

                       
      % of   Upfront Monthly Upfront Monthly Upfront Monthly Upfront
      Initial Pool Occupancy Replacement Replacement TI/LC TI/LC Tax Tax Insurance
Property Flag ID Property Name Balance As-of Date Reserves($)(27)(29) Reserves ($)(28)(29)(30) Reserves ($)(27) Reserves ($)(29)(29)(30) Reserves ($)(27) Reserves ($)(28)(30) Reserves($)(27)
Property 35.01 LaGrange 0.4% 06/20/2018              
Property 35.02 Georgetown 0.3% 06/20/2018              
Property 35.03 Ridgeland Center 0.1% 08/06/2018              
Loan 36 Lakeville Townhomes 0.8% 07/12/2018   5,700     68,071 7,563 74,744
Loan 37 Maricopa Marketplace 0.7% 07/01/2018   1,426 50,000 Springing 108,476 12,053 4,633
Loan 38 Lockaway Storage - Airport 0.7% 05/31/2018   730     63,552 9,079 502
Loan 39 TownePlace Suites Tucson 0.7% 04/30/2018   1,980     64,000 10,667 8,827
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% 05/31/2018   11,981     117,723 14,715 55,439
Loan 41 Pointe Professional Center 0.5% 06/01/2018 27,235 1,691 100,000 5,218   15,607 23,331
Loan 42 Kris Kay MHC 0.5% 04/30/2018   786     26,819 4,470  

 

 A-1-14

 

 

CD 2018-CD7

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

 

                   
      % of Monthly Upfront Upfront Monthly Other Environmental
      Initial Pool Insurance Engineering Other Other Reserves Report
Property Flag ID Property Name Balance Reserves ($)(28) Reserve($)(27) Reserves(27) Reserves ($)(28)(29) Description Date(32)(33)
Loan 1 Aventura Mall(2)(35) 8.4% Springing   26,168,910   Outstanding Tenant Obligations Reserve (Upfront: $19,392,145); Bridge Rent and Reimbursement Reserve (Upfront: $6,776,765) 04/27/2018
Loan 2 Bank of America Center(2)(36) 7.0% 10,458   6,090,783   Bank of America Reserve (Upfront: $4,091,878); Specified Tenant Free Rent Reserve (Upfront: $850,305); Specified Tenant Leasing Commissions Reserve (Upfront: $305,413); Specified Tenant TI Allowance Reserve (Upfront: $843,187) 06/19/2018
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% 9,478 57,472       03/19/2018
Property 3.01 320 West 49th Street 0.5%           03/19/2018
Property 3.02 324 West 49th Street 0.5%           03/19/2018
Property 3.03 340 West 49th Street 0.5%           03/19/2018
Property 3.04 326 West 49th Street 0.5%           03/19/2018
Property 3.05 338 West 49th Street 0.5%           03/19/2018
Property 3.06 332 West 49th Street 0.5%           03/19/2018
Property 3.07 318 West 49th Street 0.4%           03/19/2018
Property 3.08 322 West 49th Street 0.4%           03/19/2018
Property 3.09 330 West 49th Street 0.4%           03/19/2018
Property 3.1 334 West 49th Street 0.4%           03/19/2018
Property 3.11 328 West 49th Street 0.4%           03/19/2018
Property 3.12 336 West 49th Street 0.3%           03/19/2018
Property 3.13 308 West 49th Street 0.3%           03/19/2018
Property 3.14 310 West 49th Street 0.3%           03/19/2018
Loan 4 175 Park Avenue(2)(31) 4.9% Springing 6,133 1,788,075   Rent Abatement Reserve 04/06/2018
Loan 5 Zenith Ridge(2) 4.9% Springing   2,335,949   Outstanding TI/LC Funds ($1,445,533); Rent Concession Funds ($890,416) 07/02/2018
Loan 6 Buckeye Corrugated 4.6% Springing     Springing Lease Sweep Funds (Monthly Springing: Excess Cash Flow); Quarterly Rent Reserve (Monthly: Springing) Various
Property 6.01 Buckeye Division 1.2%           04/06/2018
Property 6.02 All-Size Division 0.9%           04/09/2018
Property 6.03 Tennessee Division 0.9%           04/06/2018
Property 6.04 Kock Division 0.6%           04/06/2018
Property 6.05 Cra-Wal Division 0.5%           04/10/2018
Property 6.06 Dakota Division 0.4%           04/06/2018
Loan 7 Centennial I & II 4.6% 4,704   10,322,952   Centennial I General Building Repairs Reserve ($1,940,000); Centennial I & II HVAC Repair Reserve ($1,920,000); Centennial I & II Elevator Repairs Reserve ($1,800,000); Centennial I DSHS TI/LC Reserve ($1,499,547); Employment Security Department TI/LC Reserve ($1,215,760); Centennial II General Building Repairs Reserve ($940,000); Centennial I DSHS Rent Concession Reserve ($707,283); Centennial II DSHS TI/LC Reserve ($178,484); Employment Security Department Rent Concession Reserve ($121,878) 05/10/2018
Loan 8 NoLIta Multifamily Portfolio 4.5% 2,506   216,000   Leasing Reserve (Upfront: $216,000)  
Property 8.01 26 Prince Street 1.7%           04/17/2018
Property 8.02 29 Prince Street 1.5%           04/17/2018
Property 8.03 137 Thompson Street 1.3%           04/17/2018
Loan 9 Playa Largo(2) 4.2% 19,747         04/13/2018
Loan 10 Alabama Hotel Portfolio 4.0% Springing     Springing PIP Reserve 06/04/2018
Property 10.01 Embassy Suites - Birmingham 2.8%           06/04/2018
Property 10.02 Springhill Suites - Tuscaloosa 1.2%           06/04/2018
Loan 11 Walmart Supercenter Teterboro 3.5% Springing     Springing Lease Sweep Funds (Monthly Springing: Excess Cash Flow) 03/26/2018
Loan 12 Sully Station Shopping Center 3.5% 1,726   3,500,000   GlowZone Holdback (Upfront; $2,000,000); GlowZone Buildout Reserve (Upfront: $1,500,000) 06/26/2018
Loan 13 Bear Creek Apartments 3.4% 5,057   660,400   Designated Replacement Reserve 06/13/2018
Loan 14 Riverwalk(2)(21) 2.8% Springing   124,344   Free Rent Reserve (Upfront: $124,344) 04/26/2018
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% 2,008         Various
Property 15.01 Ann Arbor Self Storage 1.4%           05/10/2018
Property 15.02 Clinton Self Storage 0.8%           05/09/2018
Loan 16 Homestead TownePlace Suites 2.0% Springing   11,500 Springing Seasonal Working Capital (Upfront: $11,500; Monthly: Springing) 05/16/2018
Loan 17 Interstate Plaza 1.8% 3,243 7,875 401,574   Unfunded Obligations Reserve (Upfront: $355,750); Free Rent Reserve (Upfront: $11,048); Gap Rent Reserve (Upfront: $34,776) 05/21/2018
Loan 18 Edgewater Village Shopping Center(37) 1.7% 5,359         05/22/2018
Loan 19 Fordham Green Apartments 1.7% Springing 11,040       06/01/2018
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% 1,442         05/10/2018
Property 20.01 Rochester Mini Storage 1.1%           05/10/2018
Property 20.02 Lansing Self Storage 0.6%           05/10/2018
Loan 21 Southpointe Square 1.6% Springing 407,879       05/30/2018
Loan 22 Rohnert Park Center 1.5% 6,916 18,750   Springing Lease Sweep Funds (Monthly: Springing) 04/04/2018
Loan 23 12-01 44th Avenue(37) 1.5% 5,499   3,449,663   Cash Out Reserve ($1,250,000); Free Rent Reserve ($918,225); Wirecutter Reserve ($720,000); Construction Reserve ($561,438) 03/29/2018
Loan 24 Pangea 20(37) 1.5% 3,246         06/19/2018
Property 24.01 5501 West Washington Boulevard 1.2%           06/19/2018
Property 24.02 14110 South Atlantic Avenue 0.1%           06/19/2018
Property 24.03 1475 State Street 0.1%           06/19/2018
Property 24.04 4206 Lindenwood Drive 0.1%           06/19/2018
Property 24.05 8901 South Cottage Grove Avenue 0.1%           06/19/2018
Loan 25 Palmhurst Village(37) 1.4% 5,676   25,160   Rainbow Reserve Funds 07/09/2018
Loan 26 Kinston Portfolio(36) 1.4% 6,586 17,688 2,367,292 Springing PIP Reserve (Upfront: $2,367,292); Seasonality Reserve (Monthly: Springing); Franchise Sweep Reserve (Monthly Springing: Excess Cash Flow) 02/06/2018
Property 26.01 Hampton Inn – Kinston 0.8%           02/06/2018
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6%           02/06/2018
Loan 27 Mac Phail Crossing 1.3% 482   14,641   Parking Rent Reserve (Upfront: $14,641) 04/26/2018
Loan 28 Wisteria Village 1.3% 1,817 2,730 3,850 Springing Free Rent Reserve (Upfront: $3,850); Lease Sweep Funds (Monthly Springing: Excess Cash Flow) 02/13/2018
Loan 29 Fredericksburg Place(36) 1.2% 6,328 19,375       05/02/2018
Loan 30 Lockaway Storage - Schertz 1.1% 588         06/19/2018
Loan 31 1503 Jefferson & 406 Cornelia 1.1% 487   1,000,000   Earnout Reserve 05/17/2018
Loan 32 Hampton Inn Port Charlotte 1.0% 5,406         05/15/2018
Loan 33 Cliffs of Macon 1.0% Springing         02/05/2018
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% 3,543   722,941 Springing Seasonality Reserve (Upfront: $145,000; Monthly: Springing); PIP Reserve (Upfront: $577,941); Franchise Agreement Collateral Reserve (Monthly: Springing) 05/21/2018
Loan 35 Wheeler SC-GA Portfolio 0.8% Springing 457,936   Springing Lease Sweep Funds (Monthly Springing: Excess Cash Flow) Various

 

 A-1-15

 

 

CD 2018-CD7

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

 

                   
      % of Monthly Upfront Upfront Monthly Other Environmental
      Initial Pool Insurance Engineering Other Other Reserves Report
Property Flag ID Property Name Balance Reserves ($)(28) Reserve($)(27) Reserves(27) Reserves ($)(28)(29) Description Date(32)(33)
Property 35.01 LaGrange 0.4%           05/29/2018
Property 35.02 Georgetown 0.3%           07/16/2018
Property 35.03 Ridgeland Center 0.1%           05/29/2018
Loan 36 Lakeville Townhomes 0.8% 8,521 258,921       06/15/2018
Loan 37 Maricopa Marketplace 0.7% 927         06/12/2018
Loan 38 Lockaway Storage - Airport 0.7% 502         06/19/2018
Loan 39 TownePlace Suites Tucson 0.7% 2,942   1,794,876 Springing Seasonality Reserve (Upfront: $104,397; Monthly: Springing); PIP Reserve (Upfront: $1,690,479); Franchise Agreement Collateral Reserve (Monthly: Springing) 05/21/2018
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% 5,040     Springing PIP Reserve 06/13/2018
Loan 41 Pointe Professional Center 0.5% 1,795         05/17/2018
Loan 42 Kris Kay MHC 0.5% Springing         05/17/2018

 

 A-1-16

 

 

CD 2018-CD7

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

 

                 
      % of   Franchise      
      Initial Pool Engineering Expiration Loan    
Property Flag ID Property Name Balance Report Date Date Purpose Sponsor(26) Guarantor(34)
Loan 1 Aventura Mall(2)(35) 8.4% 04/27/2018 NAP Refinance Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer
Loan 2 Bank of America Center(2)(36) 7.0% 05/24/2018 NAP Refinance Gerard Alexander Sponsor LLC Gerard Alexander Sponsor LLC
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9% 03/19/2018   Refinance Joshua Gotlib Joshua Gotlib
Property 3.01 320 West 49th Street 0.5% 03/19/2018 NAP      
Property 3.02 324 West 49th Street 0.5% 03/19/2018 NAP      
Property 3.03 340 West 49th Street 0.5% 03/19/2018 NAP      
Property 3.04 326 West 49th Street 0.5% 03/19/2018 NAP      
Property 3.05 338 West 49th Street 0.5% 03/19/2018 NAP      
Property 3.06 332 West 49th Street 0.5% 03/19/2018 NAP      
Property 3.07 318 West 49th Street 0.4% 03/19/2018 NAP      
Property 3.08 322 West 49th Street 0.4% 03/19/2018 NAP      
Property 3.09 330 West 49th Street 0.4% 03/19/2018 NAP      
Property 3.1 334 West 49th Street 0.4% 03/19/2018 NAP      
Property 3.11 328 West 49th Street 0.4% 03/19/2018 NAP      
Property 3.12 336 West 49th Street 0.3% 03/19/2018 NAP      
Property 3.13 308 West 49th Street 0.3% 03/19/2018 NAP      
Property 3.14 310 West 49th Street 0.3% 03/19/2018 NAP      
Loan 4 175 Park Avenue(2)(31) 4.9% 04/06/2018 NAP Refinance Hampshire Partners Fund VIII, L.P. Hampshire Partners Fund VIII, L.P.
Loan 5 Zenith Ridge(2) 4.9% 07/02/2018 NAP Refinance James D. Scalo; John F. Scalo; Charles R. Zappala; John J. Verbanac James D. Scalo; John F. Scalo; Charles R. Zappala; John J. Verbanac
Loan 6 Buckeye Corrugated 4.6% 06/06/2018   Acquisition LCN North American Fund II REIT LCN North American Fund II REIT
Property 6.01 Buckeye Division 1.2% 06/06/2018 NAP      
Property 6.02 All-Size Division 0.9% 06/06/2018 NAP      
Property 6.03 Tennessee Division 0.9% 06/06/2018 NAP      
Property 6.04 Kock Division 0.6% 06/06/2018 NAP      
Property 6.05 Cra-Wal Division 0.5% 06/06/2018 NAP      
Property 6.06 Dakota Division 0.4% 06/06/2018 NAP      
Loan 7 Centennial I & II 4.6% 05/10/2018 NAP Acquisition Bart C. Warner; BCW-B9, LLC Bart C. Warner; BCW-B9, LLC
Loan 8 NoLIta Multifamily Portfolio 4.5%     Refinance Edmond Li; Jennifer Li Edmond Li; Jennifer Li
Property 8.01 26 Prince Street 1.7% 04/17/2018 NAP      
Property 8.02 29 Prince Street 1.5% 04/17/2018 NAP      
Property 8.03 137 Thompson Street 1.3% 04/17/2018 NAP      
Loan 9 Playa Largo(2) 4.2% 04/13/2018 08/31/2041 Refinance Lance T. Shaner; Lance T. Shaner, as trustee of Lance T. Shaner Revocable Trust Dated December 5, 2012; Prime Hospitality Group, LLC Lance T. Shaner; Lance T. Shaner, as trustee of Lance T. Shaner Revocable Trust Dated December 5, 2012; Prime Hospitality Group, LLC
Loan 10 Alabama Hotel Portfolio 4.0% 06/01/2018   Refinance Chiman S. Patel Chiman S. Patel
Property 10.01 Embassy Suites - Birmingham 2.8% 06/01/2018 08/21/2028      
Property 10.02 Springhill Suites - Tuscaloosa 1.2% 06/01/2018 07/21/2035      
Loan 11 Walmart Supercenter Teterboro 3.5% 03/22/2018 NAP Acquisition Brian E. Bergersen Brian E. Bergersen
Loan 12 Sully Station Shopping Center 3.5% 06/26/2018 NAP Refinance Alfred H. Moses Alfred H. Moses
Loan 13 Bear Creek Apartments 3.4% 06/15/2018 NAP Acquisition Derron M. Sanders; The Derron M. Sanders Trust of January 5, 2001 Derron M. Sanders; The Derron M. Sanders Trust of January 5, 2001
Loan 14 Riverwalk(2)(21) 2.8% 04/26/2018 NAP Refinance Salvatore N. Lupoli Salvatore N. Lupoli
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2% 05/10/2018   Acquisition George Thacker; Lawrence Charles Kaplan; Richard Schontz George Thacker; Lawrence Charles Kaplan; Richard Schontz
Property 15.01 Ann Arbor Self Storage 1.4% 05/10/2018 NAP      
Property 15.02 Clinton Self Storage 0.8% 05/10/2018 NAP      
Loan 16 Homestead TownePlace Suites 2.0% 06/22/2018 11/17/2036 Refinance Prime Hospitality Group, LLC Prime Hospitality Group, LLC
Loan 17 Interstate Plaza 1.8% 05/21/2018 NAP Acquisition Richard A. Papapietro, Jr.; Richard A. Papapietro, Jr. Separate Property Revocable Trust, Dated June 14, 2017 Richard A. Papapietro, Jr.; Richard A. Papapietro, Jr. Separate Property Revocable Trust, Dated June 14, 2017
Loan 18 Edgewater Village Shopping Center(37) 1.7% 05/21/2018 NAP Refinance Marc Reinisch Marc Reinisch
Loan 19 Fordham Green Apartments 1.7% 05/30/2018 NAP Refinance LSG Enterprises LLC LSG Enterprises LLC
Loan 20 CityLine Rochester & Lansing Portfolio 1.7% 05/10/2018   Acquisition George Thacker; Lawrence Charles Kaplan; Richard Schontz George Thacker; Lawrence Charles Kaplan; Richard Schontz
Property 20.01 Rochester Mini Storage 1.1% 05/10/2018 NAP      
Property 20.02 Lansing Self Storage 0.6% 05/10/2018 NAP      
Loan 21 Southpointe Square 1.6% 05/30/2018 NAP Recapitalization LSG Enterprises LLC LSG Enterprises LLC
Loan 22 Rohnert Park Center 1.5% 04/03/2018 NAP Refinance Yianni Michaelides; Victoria Michaelides Yianni Michaelides; Victoria Michaelides
Loan 23 12-01 44th Avenue(37) 1.5% 03/28/2018 NAP Refinance Peter Papamichael; Mega Contracting Group LLC Peter Papamichael; Mega Contracting Group LLC
Loan 24 Pangea 20(37) 1.5% 06/19/2018   Recapitalization Pangea Properties Pangea Properties
Property 24.01 5501 West Washington Boulevard 1.2% 06/19/2018 NAP      
Property 24.02 14110 South Atlantic Avenue 0.1% 06/19/2018 NAP      
Property 24.03 1475 State Street 0.1% 06/19/2018 NAP      
Property 24.04 4206 Lindenwood Drive 0.1% 06/19/2018 NAP      
Property 24.05 8901 South Cottage Grove Avenue 0.1% 06/19/2018 NAP      
Loan 25 Palmhurst Village(37) 1.4% 07/06/2018 NAP Refinance Thomas O. Turner Thomas O. Turner
Loan 26 Kinston Portfolio(36) 1.4% 02/05/2018   Acquisition Narendra Patel; Rajesh R. Patel; Hetal Patel; Kalpesh S. Patel; Prashant N. Patel Narendra Patel; Rajesh R. Patel; Hetal Patel; Kalpesh S. Patel; Prashant N. Patel
Property 26.01 Hampton Inn – Kinston 0.8% 02/05/2018 03/31/2033      
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6% 02/05/2018 03/26/2028      
Loan 27 Mac Phail Crossing 1.3% 04/25/2018 NAP Refinance Robert V. Gothier, Jr.; Robert V. Gothier, Sr.; Peter A. Paturzo, Jr. Robert V. Gothier, Jr.; Robert V. Gothier, Sr.; Peter A. Paturzo, Jr.
Loan 28 Wisteria Village 1.3% 02/14/2018 NAP Refinance Jacob Khotoveli Jacob Khotoveli
Loan 29 Fredericksburg Place(36) 1.2% 05/02/2018 NAP Acquisition John Anca; Benjamin Anca; Traian Andresi John Anca; Benjamin Anca; Traian Andresi
Loan 30 Lockaway Storage - Schertz 1.1% 06/19/2018 NAP Refinance Donald Clauson Donald Clauson
Loan 31 1503 Jefferson & 406 Cornelia 1.1% 05/17/2018 NAP Refinance Moshe Silberstein; Benjamin Silberstein Moshe Silberstein; Benjamin Silberstein
Loan 32 Hampton Inn Port Charlotte 1.0% 06/15/2018 04/21/2031 Refinance Milit Amin; Anant Patel Milit Amin; Anant Patel
Loan 33 Cliffs of Macon 1.0% 02/05/2018 NAP Refinance Craig A. Stansberry Craig A. Stansberry
Loan 34 Hampton Inn & Suites Tucson Mall 0.8% 05/21/2018 02/23/2032 Refinance BWL Investments, L.L.C. BWL Investments, L.L.C.
Loan 35 Wheeler SC-GA Portfolio 0.8% 05/29/2018   Refinance Wheeler Real Estate Investment Trust, Inc. Wheeler Real Estate Investment Trust, Inc.

 

 A-1-17

 

 

CD 2018-CD7

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

 

                 
      % of   Franchise      
      Initial Pool Engineering Expiration Loan    
Property Flag ID Property Name Balance Report Date Date Purpose Sponsor(26) Guarantor(34)
Property 35.01 LaGrange 0.4% 05/29/2018 NAP      
Property 35.02 Georgetown 0.3% 05/29/2018 NAP      
Property 35.03 Ridgeland Center 0.1% 05/29/2018 NAP      
Loan 36 Lakeville Townhomes 0.8% 06/15/2018 NAP Refinance Brian N. Becker; Robert A. Siegel Brian N. Becker; Robert A. Siegel
Loan 37 Maricopa Marketplace 0.7% 06/27/2018 NAP Acquisition Jeffrey D. Levine; Mark Schulman Jeffrey D. Levine; Mark Schulman
Loan 38 Lockaway Storage - Airport 0.7% 06/19/2018 NAP Refinance Donald Clauson Donald Clauson
Loan 39 TownePlace Suites Tucson 0.7% 05/21/2018 07/09/2034 Refinance BWL Investments, L.L.C. BWL Investments, L.L.C.
Loan 40 Fairfield Inn DFW Airport South Irving 0.6% 06/13/2018 01/14/2031 Refinance Mohib Masani; Moez Nurani; Amirdin Masani Mohib Masani; Moez Nurani; Amirdin Masani
Loan 41 Pointe Professional Center 0.5% 05/16/2018 NAP Refinance Vincent Brennan; Albert A. Iafrate Vincent Brennan; Albert A. Iafrate
Loan 42 Kris Kay MHC 0.5% 05/17/2018 NAP Acquisition William Connell; Austin Baidas William Connell; Austin Baidas

 

 A-1-18

 

 

CD 2018-CD7

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

 

                     
      % of         Existing Existing Future Debt
      Initial Pool         Additional Sub Debt  Additional Sub Debt Permitted
Property Flag ID Property Name Balance Previous Securitization Non-Trust Pari Passu Original Balance Non-Trust Pari Passu Cut-off Date Balance Non-Trust Pari Passu Balloon Balance Amount Description Type
Loan 1 Aventura Mall(2)(35) 8.4% AVMT 2013-AVM 1,346,700,000 1,346,700,000 1,346,700,000 343,300,000 B Note NAP
Loan 2 Bank of America Center(2)(36) 7.0%   10,000,000 10,000,000 10,000,000 23,500,000 Mezzanine NAP
Loan 3 Westside NYC Multifamily Portfolio(35) 5.9%         53,000,000 B Note NAP
Property 3.01 320 West 49th Street 0.5%              
Property 3.02 324 West 49th Street 0.5%              
Property 3.03 340 West 49th Street 0.5%              
Property 3.04 326 West 49th Street 0.5%              
Property 3.05 338 West 49th Street 0.5%              
Property 3.06 332 West 49th Street 0.5%              
Property 3.07 318 West 49th Street 0.4%              
Property 3.08 322 West 49th Street 0.4%              
Property 3.09 330 West 49th Street 0.4%              
Property 3.1 334 West 49th Street 0.4%              
Property 3.11 328 West 49th Street 0.4%              
Property 3.12 336 West 49th Street 0.3%              
Property 3.13 308 West 49th Street 0.3%              
Property 3.14 310 West 49th Street 0.3%              
Loan 4 175 Park Avenue(2)(31) 4.9% COMM 2013-CCRE8 50,000,000 50,000,000 50,000,000   None Preferred Equity
Loan 5 Zenith Ridge(2) 4.9%   55,000,000 55,000,000 50,497,335   None NAP
Loan 6 Buckeye Corrugated 4.6%           None NAP
Property 6.01 Buckeye Division 1.2%              
Property 6.02 All-Size Division 0.9%              
Property 6.03 Tennessee Division 0.9%              
Property 6.04 Kock Division 0.6%              
Property 6.05 Cra-Wal Division 0.5%              
Property 6.06 Dakota Division 0.4%              
Loan 7 Centennial I & II 4.6% JPMCC 2007-C1         None NAP
Loan 8 NoLIta Multifamily Portfolio 4.5%           None NAP
Property 8.01 26 Prince Street 1.7%              
Property 8.02 29 Prince Street 1.5%              
Property 8.03 137 Thompson Street 1.3%              
Loan 9 Playa Largo(2) 4.2%   60,000,000 60,000,000 52,103,725   None NAP
Loan 10 Alabama Hotel Portfolio 4.0%           None NAP
Property 10.01 Embassy Suites - Birmingham 2.8% JPMBB 2013-C14            
Property 10.02 Springhill Suites - Tuscaloosa 1.2%              
Loan 11 Walmart Supercenter Teterboro 3.5%           None NAP
Loan 12 Sully Station Shopping Center 3.5%           None NAP
Loan 13 Bear Creek Apartments 3.4% WFRBS 2012-C7         None NAP
Loan 14 Riverwalk(2)(21) 2.8%   60,700,000 60,700,000 53,941,179   None NAP
Loan 15 CityLine Ann Arbor & Clinton Portfolio 2.2%           None NAP
Property 15.01 Ann Arbor Self Storage 1.4% WSBAM 2016-C28            
Property 15.02 Clinton Self Storage 0.8% WSBAM 2016-C26, WFRBS 2012-C8            
Loan 16 Homestead TownePlace Suites 2.0%           None NAP
Loan 17 Interstate Plaza 1.8%           None NAP
Loan 18 Edgewater Village Shopping Center(37) 1.7%           None Mezzanine
Loan 19 Fordham Green Apartments 1.7% FREMF 2016-KF22         None NAP
Loan 20 CityLine Rochester & Lansing Portfolio 1.7%           None NAP
Property 20.01 Rochester Mini Storage 1.1%              
Property 20.02 Lansing Self Storage 0.6% MSBAM 2015-C26            
Loan 21 Southpointe Square 1.6%           None NAP
Loan 22 Rohnert Park Center 1.5%           None NAP
Loan 23 12-01 44th Avenue(37) 1.5%           None Mezzanine
Loan 24 Pangea 20(37) 1.5%           None Mezzanine
Property 24.01 5501 West Washington Boulevard 1.2%              
Property 24.02 14110 South Atlantic Avenue 0.1%              
Property 24.03 1475 State Street 0.1%              
Property 24.04 4206 Lindenwood Drive 0.1%              
Property 24.05 8901 South Cottage Grove Avenue 0.1%              
Loan 25 Palmhurst Village(37) 1.4%           None Mezzanine
Loan 26 Kinston Portfolio(36) 1.4%         1,104,500 Mezzanine NAP
Property 26.01 Hampton Inn – Kinston 0.8%              
Property 26.02 Holiday Inn Express & Suites – Kinston 0.6%              
Loan 27 Mac Phail Crossing 1.3%           None NAP
Loan 28 Wisteria Village 1.3%           None NAP
Loan 29 Fredericksburg Place(36) 1.2% RAIT 2016-FL6       900,000 Mezzanine NAP
Loan 30 Lockaway Storage - Schertz 1.1% LNSTR 2016-4         None NAP
Loan 31 1503 Jefferson & 406 Cornelia 1.1%           None NAP
Loan 32 Hampton Inn Port Charlotte 1.0%           None NAP
Loan 33 Cliffs of Macon 1.0%           None NAP
Loan 34 Hampton Inn & Suites Tucson Mall 0.8%           None NAP
Loan 35 Wheeler SC-GA Portfolio 0.8%           None NAP

 

 A-1-19

 

 

CD 2018-CD7

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

 

                     
      % of         Existing Existing Future Debt
      Initial Pool         Additional Sub Debt  Additional Sub Debt Permitted
Property Flag ID Property Name Balance Previous Securitization Non-Trust Pari Passu Original Balance Non-Trust Pari Passu Cut-off Date Balance Non-Trust Pari Passu Balloon Balance Amount Description Type
Property 35.01 LaGrange 0.4%              
Property 35.02 Georgetown 0.3%              
Property 35.03 Ridgeland Center 0.1%              
Loan 36 Lakeville Townhomes 0.8%           None NAP
Loan 37 Maricopa Marketplace 0.7% JPMCC 2007-LDP12         None NAP
Loan 38 Lockaway Storage - Airport 0.7%           None NAP
Loan 39 TownePlace Suites Tucson 0.7%           None NAP
Loan 40 Fairfield Inn DFW Airport South Irving 0.6%           None NAP
Loan 41 Pointe Professional Center 0.5%           None NAP
Loan 42 Kris Kay MHC 0.5%           None NAP

 

 A-1-20

 

 

 

CD 2018-CD7
FOOTNOTES TO ANNEX A-1
 
(1) CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; SMF II— Starwood Mortgage Funding II LLC 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/Pads/Rooms) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the 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 – Aventura Mall
  ·         Loan No. 2 – Bank of America Center
  ·         Loan No. 4 – 175 Park Avenue
  ·         Loan No. 5 – Zenith Ridge
  ·         Loan No. 9 – Playa Largo
  ·         Loan No. 14 – Riverwalk 
   
(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 Industrial
Loan No.

Mortgage 

Loan

NRA NRA Occ. % of GPR NRA Occ. % of GPR Units Occ. % of GPR
  (sq. ft.) (sq. ft.)
  14 Riverwalk 630,379 494,209 91.4% 83.6% 65,486 96.9% 9.1% 70,684 100.0% 7.3%

   
(5) The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub-servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See “Summary of Terms – Offered Certificates – Servicing and Administration Fees – Non-Serviced Whole Loans” in this preliminary prospectus.
   
(6) Loan No. 26 – Kinston Portfolio – The Kinston Portfolio Mortgage Loan amortizes on a planned amortization schedule provided in this prospectus supplement. As such, the Cut-off Date Balance ($), Maturity or ARD Balance ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule, which is set forth in Annex F in this preliminary prospectus.  The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months following the Cut-off Date. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated.
   
  Loan No. 29 – Fredericksburg Place – Following an initial 24-month, interest only period, the Fredericksburg Place Mortgage Loan amortizes on a planned amortization schedule which is set forth in Annex G in this preliminary prospectus. As such, the Cut-off Date Balance ($), Maturity or ARD Balance ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months following the initial interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. 

 

 A-1-21

 

 

(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.  
   
  Loan No. 1 – Aventura Mall – The borrower has entered into a master lease with the guarantors and Turnberry Retail Holding, L.P. The master lease covers the spaces for 12 proposed tenants with leases out for signature which were not executed prior to origination. The Mortgage Loan is characterized as having a Soft Springing Hard Lockbox for rents from the master lease and a Hard Lockbox for the remaining tenants at the Mortgaged Property. Following the occurrence and during the continuance of either (i) an event of default, (ii) bankruptcy of borrower, (iii) bankruptcy of the property manager, or (iv) the period of time commencing on the date that the debt service coverage ratio (as calculated in the loan documents and based on the trailing four calendar quarters) falls below 1.35x for two consecutive quarters until cured in accordance with the loan documents, the borrower will be required to cause all master lease rents to be deposited directly into the lockbox 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/Pads) ($) calculations exclude the subordinate secured debt. 
   
  ·         Loan No. 1 – Aventura Mall
  ·         Loan No. 3 – Westside NYC Multifamily Portfolio
   
(11) Loan No. 1 – Aventura Mall – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by the inclusion of the executed leases on the new expansion parcel which opened in November 2017 and is based on the February 2018 annualized rent roll. U/W Base Rent also includes $1.3 million of ground rent paid by Bloomingdales, Macy’s, Macy’s Men’s & Home, and Nordstrom and approximately $3.4 million of master lease rent for current leases that are out for signature. Contractual rent steps were underwritten through June 2019 totaling approximately $6.5 million, including the $1.5 million contractual rent step for the executed renewal of Victoria’s Secret that is scheduled to occur in August 2019.
   
  Loan No. 2 – Bank of America Center – The Appraised Value ($) shown takes into account UW gross rent for the Bank of America office space of approximately $21.63 PSF. Bank of America’s current lease obligations for this space through 2022 are expense reimbursement payments, which only currently equate to approximately $697,447 per year ($8.81 PSF), approximately $12.82 PSF below gross market rent of approximately $21.63 PSF. At origination, the borrowers deposited approximately $4.1 million into a reduced rent reserve, which represents the difference between the contractual reimbursement payment and $21.63 PSF market rent for the Bank of America office space through lease expiration in 2022.
   

 

 A-1-22

 

 

  Loan No. 3 – Westside NYC Multifamily Potfolio – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by the upside in rental rates resulting from the significant number of units that are currently leased at rent stabilized/rent controlled rents. Currently, 221 of the 272 units (82%) are leased at rent stabilized/rent controlled rents and the average rent per unit for the rent-stabilized/rent-controlled units are $2,166 versus the average rent per unit for the free market units of $2,946.
   
  Loan No. 7 – Centennial I & II – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase during the trailing twelve month period is primarily due to (i) two recently executed leases totaling approximately 16.6% of NRA and $905,973 of underwritten base rent and (ii) the inclusion of contractual rent steps totaling $514,579 through September 2018.  
   
  Loan No. 14 – Riverwalk – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by (i) affiliate lease spaces that were not included in historical operating statements and (ii) recent leasing activity in 2018. Approximately 6.3% of NRA is leased to an affiliate of the borrower sponsor.
   
  Loan No. 17 – Interstate Plaza – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven from increased tenant reimbursements and rent steps. All of the tenants are on a triple-net reimbursement structure and reimburse their prorated share of real estate taxes, insurance, CAM, management fee and utilities. PetSmart historically had a CAM cap, which ended in 2017. 2018 is the first year that PetSmart will participate in reimbursements, which was factored into the underwriting. 
   
  Loan No. 24 – Pangea 20 –The Underwritten NOI ($)  is over 10% higher than Most Recent NOI. The Mortgaged Properties were purchased by the borrower sponsor in several transactions between May 2015 and October 2017. Since acquisition, the sponsor has invested approximately $10.0 million ($44,101 per unit) in capital improvements. At completion of the acquisition in October 2017, the Mortgaged Properties were approximately 40% occupied. Renovations were completed in April 2018 and occupancy presently stands at 95.6%. Because the Mortgaged Properties were acquired and renovated during the trailing twelve month period, the operating history for some of the Mortgaged Properties does not reflect a normalized history. 
   
  Loan No. 25 – Palmhurst Village – The Underwritten NOI ($)  is over 10% higher than Most Recent NOI. The Mortgaged Property was completed in late 2014, however, the sponsor pre-leased the anchor space to Ross Dress for Less (“Ross”) (33.6% of NRA; $240,000 of underwritten base rent) in early 2014. Following completion of its build out, Ross opened for business in 2015. Pursuant to its lease, Ross was not required to pay rent until the remaining space at the mortgaged property was at least 65% occupied and open for business, which occurred in July 2017. As a result, the cash flow increase in mid-2017 is not fully captured in the trailing twelve month period. Additionally, two new leases were signed that were similarly not fully captured in the trailing twelve month period: (i) J Merchants lease commenced in July 2017, representing 11,200 sq. ft., 12.5% of NRA and $103,741 of underwritten base rent and (ii) Rainbow’s lease commenced in January 2018, representing 5,032 sq. ft., 5.6% of NRA and $75,480 of underwritten base rent.
   
  Loan No. 29 – Fredericksburg Place – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The property was previously subject to a Land Use Restrictive Agreement (“LURA”), that burned off in late 2015. Following the LURA expiration, rents for the low income units at the property reset to market rents as these units turned resulting in place increase in rents that has been ongoing since 2016.
   
  Loan No. 32 – Hampton Inn Port Charlotte – The Underwritten NOI ($) is over 10% lower than Most Recent NOI ($). Historic NOI is overstated as it is missing the tax expense for information after 2015 as these were not reported by the seller. Underwritten tax expense reflects the 2017 tax bill amount. 
   
(12) The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default.  Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this preliminary prospectus. 

 

 A-1-23

 

 

 

(13) 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”)
  6 Buckeye Corrugated(1) 4.6% 63.0% $ 52,100,000 63.3% $ 51,890,000
  7

Centennial I & II(2)

4.6% 60.7% $ 53,870,000 93.4% $ 35,000,000
  12 Sully Station Shopping Center(3) 3.5% 50.2% $ 49,800,000 53.1% $ 47,100,000
  13 Bear Creek Apartments(4) 3.4% 71.3% $ 34,200,000 75.1% $ 32,460,000
  17 Interstate Plaza(5) 1.8% 72.6% $ 18,200,000 73.8% $ 17,900,000
  21 Southpointe Square(6) 1.6% 69.0% $ 16.770.000 70.0% $ 16,530,000
  26 Kinston Portfolio (7) 1.4% 65.8% $ 14,800,000 76.1% $ 128,500,000

 

  (1)     The Buckeye Corrugated Appraised Value  represents the “as-is portfolio value” conclusion, which includes a portfolio premium of $210,000 over the aggregate “as-is” appraised values of the portfolio properties if sold together on a bulk basis
   
  (2)      The Centennial I & II Appraised Value represents the “hypothetical as-is” value, which assumes that the outstanding tenant improvements, leasing commissions and planned capital expenditures at a cost of approximately $9,950,000 have been completed as of May 3, 2018. At origination, the borrowers deposited approximately $10,322,952 for outstanding tenant improvements, leasing commissions, planned capital expenditures and rent concessions. 
   
  (3)     The Sully Station Shopping Center Appraised Value represents the “as stabilized” value of $49,800,000, effective December 1, 2018, which assumes that the Mortgaged Property will be able to achieve stabilized occupancy of 95.0%. GlowZone has executed a lease which is expected to commence on January 1, 2019 and is expected to take occupancy of their space in November 2018. At loan origination, the borrower has reserved $1,500,000 for buildout of their space.
   
  (4)     The Bear Creek Apartments Appraised Value represents the “as stabilized” value of $34,200,000 for the Mortgaged Property, effective on June 1, 2019, which assumes the Mortgaged Property will be able to achieve higher rents after completion of planned capital expenditures at the Mortgaged Property to renovate approximately 50 units. The planned renovations include new kitchen cabinets and countertops, bathroom vanities, new flooring, replacing appliances, parking lot repairs and addressing various exterior maintenance. At loan origination, the borrower reserved $660,400 for designated capital reserves.
   
  (5)     The Interstate Plaza Appraised Value represents the “as stabilized” value of $18,200,000 for the Mortgaged Property, effective December 18, 2018, which assumes the Mortgaged Property will be able to achieve stabilized occupancy of 95.0%. Spec’s Liquor is in the process of relocating from a 7,000 sq. ft. space to a 17,993 sq. ft. space, which is expected to be complete on August 1, 2018, bringing the Mortgaged Property to 96.0% occupancy. At origination, the borrower reserved $355,750 of unfunded obligations for Spec’s Liquor, ACE Dental of Texas and Bank of America, $34,776 of gap rent for Spec’s Liquor, ACE Dental of Texas and Bank of America, and $11,048 of free rent for ACE Dental of Texas and Fast Signs. 
   
  (6)     The Southpointe Square Appraised Value represents the “as complete” value of $16,770,000 for the Mortgaged Property, effective on July 14, 2018, which assumes that eight down units at the Mortgaged Property will be renovated by then. These units have been renovated and are expected to be back on-line the week of August 13, 2018.
   
  (7)     The Kinston Portfolio Appraised Value reflects the aggregate “as-complete” Appraised Values, which assumes completion of the franchisor-mandated PIPs at each of the Mortgaged Properties. At origination, the borrower deposited approximately $2,367,292 with the lender, representing approximately 115% of the estimated aggregate cost to complete the PIPs at each Mortgaged Property.
   
  Loan No. 2 – Bank of America Center –The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the appraiser’s conclusion of a hypothetical value of $112,200,000 that assumes Bank of America is paying market rent under its office lease. Bank of America does not pay base rent under its current lease and is only responsible for contractual expense reimbursements. However, Bank of America’s lease provides a renewal option at fair market rent. The borrower reserved the difference between the current rent payments and market rent through the lease term in 2022 (which reserve amount mimics the market rent revenue cash flow) .  The Appraised Value for the Mortgaged Property (without considering the reserve) is $106,600,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD for the Mortgaged Property (without considering the reserve) are 56.8% and 56.8%, respectively.

 

 A-1-24

 

 

   
  Loan No. 23 - 12-01 44th Avenue Mortgage Loan – The 12-01 44th Avenue Appraised Value includes air rights valued at $3,000,000. Additionally, the Appraised Value is subject to the hypothetical condition that as of June 27, 2018, the construction at the Mortgaged Property was completed and that the leases in place have commenced. At loan origination, the Mortgaged Property was undergoing renovation and is currently 100.0% leased but unoccupied. At origination, the borrower deposited approximately $3,449,663 related to the completion and tenanting of the Mortgaged Property.
   
  Loan No. 38 - Lockaway Storage - Airport Mortgage Loan – The Appraised Value represents the “as is” value of the Mortgaged Property is $8,000,000, however such Appraised Value is subject to the extraordinary assumption that the borrower will be able to successfully appeal the 2018 property tax assessment of $108,947.
   
(14) Loan No. 31 – 1503 Jefferson & 406 Cornelia The Cut-off Date LTV Ratio at Maturity or ARD  and Underwritten NOI Debt Yield were calculated based on the Cut-off Date Balance ($) net of a $1.0 million earnout reserve. The lender is required to  disburse the Earnout Reserve after the satisfaction by the Borrower of the following conditions: (i) the DSCR is greater than1.30x, (ii) Debt Yield is greater than7.00% and, (iii) the request for disbursement is made prior to the third anniversary of the first payment date. The reserve may be released on a quarterly basis in increments of $250,000.The Cut-off Date LTV Ratio at  Maturity or ARD, and Underwritten NOI Debt Yield based on the gross loan amount are equal to 75.5%, 75.5%, and 6.1%, respectively.
   
(15) Loan No. 11 – Walmart Supercenter Teterboro – The collateral for the Walmart Supercenter Teterboro Mortgage Loan consists of the borrower’s fee interest in the Walmart Supercenter Teterboro Mortgaged Property. Neither the tenant’s leasehold interest nor the improvements are currently part of the collateral.
(16) (19) 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.
 “DorYM2(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 2% 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.
[anchor to Prepayment Provisions]
   
(17) Loan No. 1 – Aventura Mall – The lockout period will be at least 25 payment dates beginning with and including the first payment date of August 1, 2018. Defeasance of the full $1.75 billion Aventura Mall Whole Loan is permitted after the date that is the earlier to occur of (i) August 1, 2021 or (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 “Aventura Mall REMIC Prohibition Period”). The borrower is also permitted to prepay the Aventura Mall Whole Loan with a yield maintenance premium if the Aventura Mall REMIC Prohibition Period has not occurred by August 1, 2021. The assumed lockout period of 25 payments is based on the expected CD 2018-CD7 securitization closing date in July 2018. The actual lockout period may be longer.
   
  Loan No. 2 – Bank of America Center – The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of August 1, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole, but not in part, on any date before April 1, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) August 1, 2022 For the purposes of this Preliminary Prospectus, the assumed lockout period of 26 months is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer.

 

 A-1-25

 

 

   
  Loan No. 4 – 175 Park Avenue – The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of June 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole, but not in part, on any date before February 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) June 6, 2022. For the purposes of this Preliminary Prospectus, the assumed lockout period of 27 months is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer.
   
  Loan No. 5 – Zenith Ridge – The lockout period will be at least 24 payment dates beginning with and including the first payment date of September 6, 2018. Defeasance of the $90.0 million original principal balance of the Zenith Ridge Whole Loan is permitted after the date that is the earlier to occur of (i) July 13, 2021 or (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 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer.
   
  Loan No. 9 – Playa Largo –  The lockout period will be at least 26 payment dates beginning with and including the first payment date of July 6, 2018. Defeasance of the $90.0 million original principal balance of the Playa Largo Whole Loan is permitted after the date that is the earlier to occur of (i) May 17, 2021 or (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 26 payments is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer.
   
  Loan No. 14 – Riverwalk – The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of July 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan, on any date before April 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) July 6, 2021. For the purposes of this Preliminary Prospectus, the assumed lockout period of 26 months is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer.
   
(18) Partial prepayment or 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. 3 – Westside NYC Multifamily Portfolio
  ·         Loan No. 10 – Alabama Hotel Portfolio
  ·         Loan No. 14 – Riverwalk
  ·         Loan No. 15 – CityLine Ann Arbor & Clinton Portfolio
  ·         Loan No. 17 – Interstate Plaza
  ·         Loan No. 20 – CityLine Rochester & Lansing Portfolio
  ·         Loan No. 26 – Kinston Portfolio
   
(19) Loan No. 27 – Mac Phail Crossing – The borrower ground leases an additional 122 parking spaces from an adjacent parcel which was underwritten as an expense. The ground lease expires in December 2021 and has nine automatic 5-year extension options making the extended maturity date December 2066. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus.
   
(20) Loan No. 1 – Aventura Mall – The borrower has entered into a master lease with the carveout guarantors and Turnberry Retail Holding, L.P. for 12 spaces totaling 33,813 sq. ft. at the mortgaged property where executed letters of intent with tenants are in place but executed leases are not yet in place. The master lessees are required to pay an annual rent of $3,426,159 in equal monthly installments of $285,513 each. The rent payable under the master lease is required to be reduced in connection with the leasing to retail tenants of space within the portions of the mortgaged property covered by the master lease (so long as the tenant under any such lease has taken occupancy and has commenced the payment of rent and the rent payable is above certain thresholds set forth in the master lease). The master lease will terminate on the earlier to occur of (a) 10 years after loan maturity, (b) the earlier of (i) the date that the annual rent under the master lease is reduced to $0 or (ii) the date that the annualized lease payments under all leases (not including percentage rent) at the mortgaged property exceeds $181,850,000 or (c) following the exercise of the master

 

 A-1-26

 

 

   
  lessees’ cancellation option after a lender foreclosure or deed-in-lieu of foreclosure. The master lease equals 1.8% of the approximately $185.5 million of underwritten effective gross income.
   
  Loan No. 8 – NoLita Multifamily Portfolio – An affiliate of the borrowers signed master leases with the borrowers related to rent payments on each of three units currently under renovation.  Each master lease, guaranteed by one of the borrower sposnors, Edmond Li, will terminate upon the earlier of (a) May 31, 2019 or (b) a new tenant taking occupancy and paying full rent on such unit.  The UW NCF DSCR without the income from the master leases is 1.13x.  See “Description of the Mortgage Pool—Redevelopment, Renovation and Expansion”.
   
(21) Loan No. 14 – Riverwalk – Approximately 6.3% of the net rentable area and 7.1% of the gross potential rent is leased to affiliates of the borrower.
   
(22) Loan No. 2 – Bank of America Center – The Largest Tenant, Bank of America , leases (a) 79,192 sq. ft. with an expiration date in June 2022 and (b) 5,880 sq. ft. with an expiration date in June 2024.
   
  Loan No. 5 – Zenith Ridge – The 2nd Largest Tenant, EQT Corp., leases (a) 150,000 sq. ft. with an expiration date in January 2031 and (b) 30,908 sq. ft. with an expiration date in December 2024.
   
  Loan No. 7 – Centennial I & II – The Largest Tenant, State of Washington - Department of Social and Health Services, leases (a) 152,926 sq. ft. with an expiration date in October 2028 and (b) 33,997 sq. ft. with an expiration date in May 2023.   
   
(23) Loan No. 2 – Bank of America Center – The 2nd Largest Tenant, Department of Environmental Quality (“DEQ”), may terminate its lease in the event that funds are not appropriated for DEQ and/or if DEQ ceases to exist. The 3rd Largest Tenant, Virginia Retirement System (“VRS”), may terminate its lease in the event that funds are not appropriated for VRS and/or if VRS ceases to exist.
   
  Loan No. 5 – Zenith Ridge – The Largest Tenant, Ansys, Inc., has the one-time right to terminate its lease effective December 2025 by providing 18 months’ notice and paying all unamortized tenant improvements allowance, brokerage fees and free rent, plus an additional $761,000, estimated to total approximately $5,751,000.
   
  Loan No. 7 – Centennial I & II – The 2nd Largest Tenant, State of Washington Employment Security Department, may terminate its lease if its state funding is reduced to the extent ongoing operations are not feasible.
   
  Loan No. 12 – Sully Station Shopping Center – the 2nd Largest Tenant, Goodwill, may terminate its lease if average gross sales for the fourth and fifth lease years, September 1, 2020 to August 31, 2021 and September 1, 2021 to August 31, 2022, respectively, do not exceed $1,300,000 per annum by August 31, 2022. Goodwill must give notice within 90 days of August 31, 2022 and the lease will terminate effective 180 days after the date of such notice.
   
  Loan No. 17 – Interstate Plaza – the 3rd Largest Tenant, JoAnn Fabrics, may terminate its lease if by March 1, 2018 gross sales during any rolling 12 month period have not exceeded $105.00 per square foot. JoAnn Fabrics must give notice within 12 months after March 1, 2018 and the lease will terminate 12 months from the date such notice was given.
   
  Loan No. 23 – 12-01 44th Avenue – The sole tenant, Wirecutter, Inc., has the one-time right to terminate its lease after the 84th month of the term which begins when the tenant accepts its space (Wirecutter, Inc. is expected to take occupancy of 75% of its space in August 2018 and the remaining 25% of its space in September 2018) with 12 months’ notice and payment of a termination fee totaling approximately $1,502,119.
   
(24) Loan No. 12 – Sully Station Shopping Center – The Largest Tenant, GlowZone, has executed a lease commencing on January 1, 2019 and is expected to take occupancy in November 2018, but has not delivered a clean estoppel. The loan was structured with a $2,000,000 upfront reserve that will be released upon delivery of the clean estoppel. No gap rent was reserved for because Good Fortune Supermarket, as a condition of its lease termination, is required to continue paying monthly rent of $75,460 through August 2019 as a termination fee. The contractual monthly rent for GlowZone, which payments are expected to commence in January 2019, is $56,376.

 

 A-1-27

 

 

   
(25) Loan No. 2 – Bank of America Center – The 2nd Largest Tenant, the Commonwealth of Virginia, Department of General Services (for use by the Department of Environmental Quality) (the “DEQ”), representing approximately 16.3% of the net rentable area at the Mortgaged Property, is currently in occupancy and is required to commence paying rent in September 2018. At origination, the borrower deposited $761,854 into a free rent reserve related to the DEQ tenant.
   
  Loan No. 4 – 175 Park Avenue – The sole tenant at the Mortgaged Property, Realogy Holdings Corporation, has a three month free rent period through September 2018. At origination, the borrower reserved $1,788,075, equal to three months of base rent, for such free rent period.
   
  Loan No. 5 – Zenith Ridge – The Largest Tenant, Ansys, Inc. (“Ansys”), currently occupies 186,000 sq. ft. at the Mortgaged Property and is in the process of building out its 30,971 sq. ft. additional space. According to the borrower sponsors, Ansys is expected to take occupancy of its space in November 2018. Ansys is entitled to 15 months of free rent related to its additional space for which the borrowers were required to escrow at origination of the Zenith Ridge Whole Loan an amount equal to $890,416, along with outstanding tenant improvements and leasing commissions in an aggregate amount equal to $1,445,533.
   
  Loan No. 7 – Centennial I & II – The 2nd Largest Tenant, State of Washington Employment Security Division, is in the process of building out its 20,313 sq. ft. space and, according to the borrower sponsors, is expected to take occupancy of its space in November 2018. The borrowers escrowed $1,215,760 for tenant improvements and leasing commissions related to the new lease with State of Washington Employment Security Division, as well as $121,878 for the three months of rent abatement at the beginning of the lease term.
   
  Loan No. 17 Interstate Plaza – The 2nd Largest Tenant, Spec’s Liquor, is completing the expansion of their space and are expected to take occupancy in August 2018.
   
  Loan No. 23 – 12-01 44th Avenue – The sole tenant, Wirecutter, Inc., is in the process of building out its space and, according to the borrower sponsors, is expected to take occupancy of 75% of its space in August 2018 and the remaining 25% of its space in September 2018. The borrower escrowed approximately $3.4 million related to the completion and acceptance of the Wirecutter, Inc. space.
   
  Loan No. 35 –  Wheeler SC-GA Portfolio – The 2nd Largest Tenant at the LaGrange Property, Walgreens, which leases approximately 12.5% of NRA at the LaGrange Mortgaged Property and 7.6% of NRA of the aggregate Wheeler SC-GA Portfolio, has given notice of its intent to vacate its space. Walgreens does not have an early termination right and no express right to go dark. Walgreens assumed the lease and will be obligated to pay rent through its expiration date on January 28, 2022, even if they are dark. If they remain dark, the landlord can release the space and sue Walgreens for damages pursuant to their lease.
   
(26) The following loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants-in-common. See “Description of the Mortgage Pool –Mortgage Pool Characteristics - Tenancies-in-Common” in this preliminary prospectus for further information.
  ·         Loan No. 7 – Centennial I & II
  ·         Loan No. 11 – Walmart Supercenter Teterboro
  ·         Loan No. 18 – Edgewater Village Shopping Cente
  ·         Loan No. 29 – Fredericksburg Place
   
(27) All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.
   
(28) 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. 
   
(29) Loan No. 3 – Westside NYC Multifamily Portfolio –  If the Replacement Reserve funds on deposit in the Replacement Reserve account fall below the Replacement Reserve Cap of $204,750, the borrower is required to deposit $5,667, on each montly payment until the replacement reserve cap is met. If the Rollover Reserve funds on deposit in the Rollover Reserve account fall below the rollover reserve cap of $6,750, the borrower is required to deposit $188, on each montly payment until the rollover reserve cap is met. 

 

 A-1-28

 

 

   
  Loan No. 4 – 175 Park Avenue –  If the Replacement Reserve Funds on deposit in the Replacement Reserve Account fall below the replacement reserve threshold of $162,000, the borrower is required to deposit $4,500, on each montly payment until the replacement reserve threshold is met. If the Rollover Reserve funds on deposit in the Rollover Reserve Account fall below the rollover reserve threshold of $675,000 the borrower is required to deposit $11,250, on each montly payment until the rollover reserve threshold is met. 
   
  Loan No. 14 – Riverwalk –  If the Replacement Reserve Funds on deposit in the Replacement Reserve Account fall below $90,000, the borrower is required to deposit $8,005, on each montly payment until the balance on deposit in the Replacement Reserve Account equals $270,000. If the Rollover Reserve funds on deposit in the Rollover Reserve Account fall below $800,000 the borrower is required to deposit $26,700, on each montly payment until the balance on deposit in the Rollover Reserve Account equals $1,200,000.
   
  Loan No. 16 – Homestead TownePlace Suites – Beginning in October 2018 through and including June 2019, the borrower is required to deposit $2,150 into the seasonality reserve as well as in subsequent years as determined by the Mortgage Loan Documents. The monthly seasonality reserve will be reassessed by the lender on an annual basis in September of each year. 
   
  Loan No. 26 – Kinston Portfolio – On each monthly payment date occurring in September, October and November, the borrower is required to deposit $20,000 into the seasonal working capital reserve. The balance on deposit in the Seasonal Working Capital Reserve will not be required to exceed $60,000. 
   
  Loan No. 31 – 1503 Jefferson & 406 Cornelia –  If the Replacement Reserve Funds on deposit in the Replacement Reserve Account fall below $8,000, the borrower is required to deposit $250, on each montly payment until the balance on deposit in the Replacement Reserve Account equals $8,000.
   
  Loan No. 34 – Hampton Inn & Suites Tucson Mall – The borrower escrowed $145,000 at origination for use during the lower income months of June through September.  The borrower is required to replenish such seasonality reserve during the months of February through April, subject to a cap of $145,000.
   
  Loan No. 37 – Maricopa Marketplace –  The borrower escrowed $50,000 at origination for the TI/LC Reserve. If the TI/LC Reserve falls below the TI/LC Reserve cap of $50,000, the borrower is required to deposit $3,240, on each monthly payment until the TI/LC Reserve cap is met.
   
  Loan No. 39 – TownePlace Suites Tucson – The borrower escrowed $104,397 at origination for use during the lower income months of June through September.  The borrower is required to replenish such seasonality reserve during the months of February through April, subject to a cap of $104,397.
   
(30) Loan No. 10 – Alabama Hotel Portfolio – The borrower is required to deposit into the FF&E Reserve Account the greater of (A) the amount required by the franchisor under the franchise agreement and (B) 1/12th of (i) for the first twelve months of the term of the Mortgage Loan, 2%, (ii) for the subsequent twelve months, 3%, and (iii) for the remainder of the term of the Mortgage Loan, 4%, in each case, of the greater of (x) the annual gross revenue for hotel-related operations for the preceding calendar year and (y) projected annual gross revenues for hotel-related operations at the mortgaged property for the calendar year in which such due date occurs as set forth in the approved annual budget.
   
  Loan No. 17 – Interstate Plaza – The borrower is required to deposit $29,167 into the leasing reserve account on each monthly payment date occurring up to and including July 6, 2019. On each monthly payment date thereafter, the borrower is required to deposit $5,815 into the Leasing Reserve Account.
   
  Loan No. 22 – Rohnert Park Center - On each of the first 12 monthly payment dates, the monthly tax escrow payments are increased to account for not requiring an upfront deposit at closing. Monthly Tax Reserves ($) will be reassessed at the end of the first tax year.
   
  Loan No. 40 – Fairfield Inn DFW Airport South Irving – The borrower is required to deposit into the FF&E Reserve Account the greater of (A) the amount required by the franchisor under the franchise agreement and (B) 1/12th of (i) for the first twelve months of the term of the Mortgage Loan, 2%, (ii) for the subsequent twelve months, 3%, and (iii) for the remainder of the term of the Mortgage Loan, 4%, in each case, of the greater of (x) the annual gross revenue for hotel-related operations for the preceding calendar year and (y) projected annual gross revenues for hotel-related operations at the mortgaged property for the calendar year in which such due date occurs as set forth in the approved annual budget.

 

 A-1-29

 

   
(31) Loan No. 4 – 175 Park Avenue – The sole tenant at the Mortgaged Property, Realogy Operations LLC, delivered an irrevocable $25,000,000 standby letter of credit in lieu of cash as the required security deposit. Subject to certain requirements set forth in the Whole Loan documents and the Realogy Operations LLC lease, upon the occurrence of an event of default, the lender may draw upon (and reduce) the letter of credit as follows: (i) to $23,00,000 at any time until December 31, 2018, (ii) to $17,500,000 at any time after January 1, 2019, (iii) to $11,000,000 at any time after January 1, 2023 and (iv) to $4,000,000 at any time after January 1, 2026.

 

(32) Loan No. Mortgage
Loan
Mortgage
Loan Cut-off
Date Balance
% of Initial
Outstanding Pool
Balance
Maximum Policy
Amount
Premium Paid
in Full
Expiration
Date
  2 Bank of America Center $ 50,500,000 7.0% $ 3,000,000 Yes 6/20/2031
  14 Riverwalk $ 20,000,000 2.8% $ 2,000,000 Yes 6/5/2031

 

(33) Loan No. 35 – Wheeler SC-GA Portfolio – The Phase I environmental report recommended that a Phase II report be completed for the Georgetown Mortgage Property to assess the potential impact of chlorinated volatile organic compounds to soil gas as a consequence of the documented release from an adjacent dry cleaner. The Phase II investigation was completed and no further action is recommended at the Georgetown Mortgage Property.
   
(34) Loan No. 1 – Aventura Mall – The full name of the carveout guarantors are Simon Property Group, L.P., Jacquelyn Soffer and Jeffrey Soffer. The obligations and liabilities of the carveout guarantors under the nonrecourse carve-out guaranty are capped at $350,000,000 in the aggregate, plus all of the reasonable, out-of-pocket costs and expenses (including, but not limited to, court costs and fees and reasonable attorney’s fees) incurred by the lender in connection with the enforcement of, or preservation of lender’s rights under the guaranty.

 

(35) Loan No. Mortgage Loan A-Note Cut-
off Date
Balance (1 )
B-Note Cut-
off Date
Balance
Total
Mortgage
Debt Cut-
off Date
Balance (1)
Pooled
Trust U/W
NCF DSCR
Total
Mortgage
Debt U/W
NCF DSCR
Pooled
Trust Cut-
off Date
LTV
Total
Mortgage
Debt Cut-
off Date
LTV Ratio
Pooled
Trust U/W
NOI Debt
Yield
Total
Mortgage
Debt U/W
NOI Debt
Yield
  1 Aventura Mall $ 1,406,700,000 $ 343,300,000 $ 1,750,000,000 2.58x 2.07x 40.8% 50.7% 11.0% 8.8%
  3 Westside NYC Multifamily Portfolio $ 42,000,000 $ 53,000,000 $ 95,000,000 3.60x 1.22x 25.5% 57.8% 14.3% 6.3%

  (1)     Includes additional pari passu companion loans.

 

(36) Loan No. Mortgage Loan Mortgage
Loan
Cut
-off
% of Initial
Outstanding
Pool Balance
Mezzanine Debt Cut-off Date Balance Annual Interest
Rate on
Mezzanine Loan
Mezzanine
Loan Maturity
Date or ARD
Intercreditor Agreement Total Debt
Cut-off
Date LTV
Total Debt
U/W NCF
DSCR (1)
Total Debt
U/W NOI
Debt
  2 Bank of America Center $ 50,500,000 7.0% $ 23,500,000 7.3200% 7/1/2028 Yes 74.9% 1.13x 8.4%
  26 Kinston Portfolio $ 9,742,469 1.4% $ 1,104,500 12.0000% 4/6/2028 Yes 73.3% 2.11x 18.3%
  29 Fredericksburg Place $ 8,300,000 1.1% $ 900,000 12.0000% 7/6/2028 Yes 67.9% 1.22x 9.5%
                         

  (1)     Includes additional pari passu companion loans.
   

 

 A-1-30

 

 

(37) Loan No . Mortgage Loan Mortgage Loan
Cut-off Date
Balance
% of Initial
Outstanding
Pool Balance
Intercreditor
Agreement Required
Combined
Minimum
DSCR
Combined
Maximum
LTV
Combined
Minimum
Debt Yield
  18 Edgewater Village Shopping Center $ 12,500,000 1.7% Yes 1.52x 64.1% 11.3%
  23 12-01 44th A venue $ 10,750,000 1.5% Yes N/A N/A N/A
  24 Pangea 20 $ 10,700,000 1.5% Yes 1.50x 70.0% 9.5%
  25 Palmhurst Village $ 9,900,000 1.4% Yes 1.32x 62.3% 9.8%

 

 A-1-31