FWP 1 n889_anxa1-x6.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-09
     

 

 

Free Writing Prospectus dated March 10, 2017

 

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

 

The information in this file (the “File”) is an electronic copy of the information set forth in the Appendix titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.

 

The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

 

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached 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 email system.

 

 

 

  

 

 

 

ANNEX A-1

                           
                Number of Property   Property   Year  
Loan # Seller(1) Property Name Street Address City State Zip Code County Properties Type Subtype Year Built Renovated Units(2)
1 GACC 229 West 43rd Street Retail Condo 229 West 43rd Street New York NY 10036 New York 1 Retail Anchored 1913-1947 2009 248,457
2 GACC 350 Park Avenue 350 Park Avenue New York NY 10022 New York 1 Office CBD 1961 2012 570,784
3 GACC Prudential Plaza 130 East Randolph Street & 180 North Stetson Avenue Chicago IL 60601 Cook 1 Office CBD 1955, 1990 1990, 2014-2015 2,269,632
4 JPMCB Hilton Hawaiian Village 2005 Kalia Road Honolulu HI 96815 Honolulu 1 Hotel Full Service 1961 2016 2,860
5 GACC Key Center Cleveland 127 Public Square Cleveland OH 44114 Cuyahoga 1 Mixed Use Office/Hotel/Parking 1890, 1991   1,369,980
6 GACC Gateway I & II 135 East 125th Street & 126 East 126th Street New York NY 10035 New York 1 Mixed Use Office/Retail 2001, 2008   95,782
7 JPMCB Landmark Square 1-7 Landmark Square Stamford CT 06901 Fairfield 1 Mixed Use Office/Retail 1974, 1976, 1977, 1981, 1983, 2006   757,917
8 JPMCB Dallas Design District Various Dallas TX 75207 Dallas 1 Industrial Flex Various Various 728,452
9 JPMCB Moffett Gateway 1225-1265 Crossman Avenue Sunnyvale CA 94089 Santa Clara 1 Office Suburban 2016   612,691
10 GACC Uovo Art Storage 41-54 22nd Street & 21-15 21st Street Long Island City NY 11101 Queens 1 Self Storage Art Storage 2014-2015   275,000
11 GACC AHIP FL 5 Portfolio Various Various FL Various Various 5 Hotel Various Various Various 473
11.01 GACC Holiday Inn Express Ft Myers East 3427 Forum Boulevard Fort Myers FL 33905 Lee 1 Hotel Limited Service 2009   111
11.02 GACC Staybridge Suites Tampa East Brandon 3624 North Flakenburg Road Tampa FL 33619 Hillsborough 1 Hotel Extended Stay 2007 2014 100
11.03 GACC Holiday Inn Express Sarasota I-75 5730 Gantt Road Sarasota FL 34233 Sarasota 1 Hotel Limited Service 2003 2012 101
11.04 GACC Fairfield Inn & Suites Orlando Ocoee 10971 West Colonial Drive Ocoee FL 34761 Orange 1 Hotel Limited Service 2004 2014 80
11.05 GACC Courtyard Tampa North I-75 Fletcher 13575 Cypress Glen Lane Tampa FL 33637 Hillsborough 1 Hotel Limited Service 1995 2013 81
12 GACC 580 Walnut Street 580 Walnut Street Cincinnati OH 45202 Hamilton 1 Mixed Use Office/Retail 1973 2016 245,520
13 JPMCB Delamar Greenwich Harbor 500 Steamboat Road Greenwich CT 06830 Fairfield 1 Hotel Full Service 1961 2012 82
14 JPMCB Summit Mall 3265 West Market Street Fairlawn OH 44333 Summit 1 Retail Regional Mall 1965 2007 528,234
15 GACC Park Center Plaza I, II & III 6050, 6100 and 6150 Oak Tree Boulevard Independence OH 44131 Cuyahoga 1 Office Suburban 1998-2000   418,999
16 GACC Summit Place Wisconsin 6737 West Washington Street West Allis WI 53214 Milwaukee 1 Office Suburban 1905 2003 664,479
17 JPMCB Shopko Oregon Portfolio Various Various OR Various Various 3 Retail Various Various   319,006
17.01 JPMCB Shopko Salem 1230 Lancaster Drive Southeast Salem OR 97317 Marion 1 Retail Single Tenant 1991   117,326
17.02 JPMCB Shopko Bend 60 Northeast Bend River Mall Drive Bend OR 97703 Deschutes 1 Retail Single Tenant 1989   100,840
17.03 JPMCB Shopko Eugene 2815 Chad Drive Eugene OR 97408 Lane 1 Retail Freestanding 1987   100,840
18 JPMCB Providence at Memorial 1370 Afton Street Houston TX 77055 Harris 1 Multifamily Garden 1971 2015-2016 321
19 GACC Holiday Inn Miami Beach 4333 Collins Avenue Miami Beach FL 33140 Miami-Dade 1 Hotel Full Service 1957 2007-2008 253
20 JPMCB Jevan Multifamily Portfolio Various Austin TX 78758 Travis 3 Multifamily Garden Various 2014 422
20.01 JPMCB Vida 1735 Rutland Drive Austin TX 78758 Travis 1 Multifamily Garden 1983 2014 160
20.02 JPMCB Amor 1200 Mearns Meadow Boulevard Austin TX 78758 Travis 1 Multifamily Garden 1984 2014 132
20.03 JPMCB Feliz 1804 West Rundberg Lane Austin TX 78758 Travis 1 Multifamily Garden 1980 2014 130
21 GACC Cupertino Civic Center 20370, 20380 and 20410 Town Center Lane Cupertino CA 95014 Santa Clara 1 Office Suburban 1974, 1984 2008 63,062
22 GACC Congressional Place 6700 East Pacific Coast Highway Long Beach CA 90803 Los Angeles 1 Office Suburban 1984   76,939
23 GACC Trabuco Hills 27755–27875 Santa Margarita Parkway Mission Viejo CA 92691 Orange 1 Retail Shadow Anchored 1992 2005 49,781
24 GACC Creekview & Country Village Apartments Various Sherman TX 75092 Grayson 2 Multifamily Garden Various   292
24.01 GACC Creekview Apartments 700 South F.M. 1417 Sherman TX 75092 Grayson 1 Multifamily Garden 1985, 1994   144
24.02 GACC Country Village Apartments 900 South F.M. 1417 Sherman TX 75092 Grayson 1 Multifamily Garden 1997   148
25 JPMCB Dick’s Sporting Goods Portfolio Various Various Various Various Various 6 Retail Various Various   264,338
25.01 JPMCB Dick’s Keene 42 Ash Brook Road Keene NH 03431 Cheshire 1 Retail Shadow Anchored 2005   45,471
25.02 JPMCB Dick’s Concord 295 Loudon Road Concord NH 03301 Merrimack 1 Retail Freestanding 2005   50,000
25.03 JPMCB Dick’s Wichita 4600 West Kellogg Drive Wichita KS 67209 Sedgwick 1 Retail Anchored 2003   48,780
25.04 JPMCB Dick’s Bloomingdale 328 West Army Trail Road Bloomingdale IL 60108 DuPage 1 Retail Shadow Anchored 2006   50,000
25.05 JPMCB Dick’s Fort Wayne 309 East Coliseum Boulevard Fort Wayne IN 46805 Allen 1 Retail Unanchored 2004   50,000
25.06 JPMCB PetSmart Concord 299 Loudon Road Concord NH 03301 Merrimack 1 Retail Freestanding 2006   20,087
26 GACC Plaza Ashland 98 Central Avenue Ashland OR 97520 Jackson 1 Hotel Limited Service 2002 2013-2016 92
27 GACC Cleveland Towne Center 4580 Frontage Road Northwest Cleveland TN 37312 Bradley 1 Retail Anchored 2008   152,839
28 GACC Courtyard Marriott Richland 480 Columbia Point Drive Richland WA 99352 Benton 1 Hotel Limited Service 2004 2012, 2015 120
29 GACC Grossmont Medical Center 8851 Center Drive La Mesa CA 91942 San Diego 1 Office Medical 1986   70,122
30 JPMCB Horizon Village 2855 Lawrenceville Suwanee Road Suwanee GA 30024 Gwinnett 1 Retail Anchored 1996   97,001
31 JPMCB WoodSpring Suites Orlando Portfolio Various Various FL Various Various 2 Hotel Extended Stay 2007   226
31.01 JPMCB Value Place Clermont 16311 SR 50 Clermont FL 34711 Lake 1 Hotel Extended Stay 2007   121
31.02 JPMCB Value Place Clarcona 4125 Clarcona Ocoee Road Orlando FL 32810 Orange 1 Hotel Extended Stay 2007   105
32 JPMCB Hampton Inn & Suites - Pensacola 8021 Lavelle Way Pensacola FL 32526 Escambia 1 Hotel Limited Service 2014   75
33 GACC Shopko Billings 905 South 24th Street West Billings MT 59102 Yellowstone 1 Retail Single Tenant 1990   100,800
34 JPMCB Continental Plaza 2701 Troy Center Drive Troy MI 48084 Oakland 1 Office Suburban 1986 1999 95,953
35 GACC Crossroads Village Apartments 6600 Constitution Boulevard Portage MI 49024 Kalamazoo 1 Multifamily Garden 1991 2014-2016 153

 

A-1-1

 

ANNEX A-1

                                   
                    Original   Current          
       Unit of      Occupancy Appraised Appraisal Current Original Balance Current   Balance % of Initial Crossed Related   Interest   Admin.
Loan # Seller(1) Property Name Measure Occupancy %(3) Date Value ($)(4) Date LTV %(4) Balance ($)(5)(6) per Unit ($) Balance ($)(5)(6) per Unit ($) Pool Balance Loan Borrower(7) Rate %(8) Fee %(8)
1 GACC 229 West 43rd Street Retail Condo Square Feet 100.0% 10/01/16 470,000,000 10/01/16 60.6% 80,000,000 1,147 80,000,000 1,147 7.7% No No 4.00550 0.01173
2 GACC 350 Park Avenue Square Feet 99.1% 11/01/16 710,000,000 11/01/16 41.7% 66,667,200 519 66,667,200 519 6.4% No No 3.91513 0.01048
3 GACC Prudential Plaza Square Feet 77.1% 11/30/16 700,000,000 07/20/16 59.3% 65,000,000 183 65,000,000 183 6.2% No No 4.61000 0.01173
4 JPMCB Hilton Hawaiian Village Rooms 94.6% 09/30/16 2,230,000,000 08/30/16 31.2% 62,250,000 243,566 62,250,000 243,566 6.0% No No 4.19950 0.01048
5 GACC Key Center Cleveland Square Feet 92.9% 10/19/16 362,000,000 12/01/17 60.8% 60,000,000 161 60,000,000 161 5.8% No No 5.31000 0.01923
6 GACC Gateway I & II Square Feet 95.5% 10/31/16 77,000,000 11/16/16 71.4% 55,000,000 574 55,000,000 574 5.3% No No 4.69000 0.01654
7 JPMCB Landmark Square Square Feet 84.9% 12/31/16 175,700,000 11/09/16 56.9% 49,000,000 132 49,000,000 132 4.7% No No 4.97000 0.01173
8 JPMCB Dallas Design District Square Feet 98.7% 12/28/16 193,085,000 Various 62.1% 45,000,000 165 45,000,000 165 4.3% No No 5.25700 0.01173
9 JPMCB Moffett Gateway Square Feet 100.0% 03/01/17 525,000,000 07/20/16 46.3% 40,000,000 397 40,000,000 397 3.8% No No 3.31940 0.01173
10 GACC Uovo Art Storage Square Feet 83.9% 01/10/17 165,000,000 01/09/17 52.6% 37,000,000 316 36,943,588 316 3.5% No No 4.73500 0.01173
11 GACC AHIP FL 5 Portfolio Rooms 74.1% 09/30/16 61,600,000 11/01/17 59.8% 37,000,000 78,224 36,865,905 77,941 3.5% No No 4.99000 0.01654
11.01 GACC Holiday Inn Express Ft Myers East Rooms 75.0% 09/30/16 14,500,000 11/01/17   8,709,416   8,677,851   0.8%        
11.02 GACC Staybridge Suites Tampa East Brandon Rooms 74.7% 09/30/16 13,400,000 11/01/17   8,048,701   8,019,531   0.8%        
11.03 GACC Holiday Inn Express Sarasota I-75 Rooms 65.4% 09/30/16 12,500,000 11/01/17   7,508,117   7,480,906   0.7%        
11.04 GACC Fairfield Inn & Suites Orlando Ocoee Rooms 80.6% 09/30/16 11,000,000 11/01/17   6,607,143   6,583,197   0.6%        
11.05 GACC Courtyard Tampa North I-75 Fletcher Rooms 76.3% 09/30/16 10,200,000 11/01/17   6,126,623   6,104,419   0.6%        
12 GACC 580 Walnut Street Square Feet 93.9% 01/01/17 51,750,000 04/01/17 68.5% 35,500,000 145 35,445,906 144 3.4% No No 4.74000 0.01654
13 JPMCB Delamar Greenwich Harbor Rooms 72.7% 10/31/16 50,000,000 10/01/16 70.8% 35,500,000 432,927 35,377,503 431,433 3.4% No No 5.25500 0.03654
14 JPMCB Summit Mall Square Feet 92.3% 07/05/16 205,000,000 08/08/16 41.5% 35,000,000 161 35,000,000 161 3.4% No No 3.31400 0.01173
15 GACC Park Center Plaza I, II & III Square Feet 93.6% 12/28/16 50,650,000 11/15/16 68.1% 34,500,000 82 34,500,000 82 3.3% No No 4.60000 0.03404
16 GACC Summit Place Wisconsin Square Feet 99.1% 10/31/16 99,000,000 10/05/16 72.7% 32,000,000 108 32,000,000 108 3.1% No No 4.89000 0.01173
17 JPMCB Shopko Oregon Portfolio Square Feet 100.0% 03/01/17 40,600,000 Various 69.2% 28,125,000 88 28,083,385 88 2.7% No No 4.99800 0.01654
17.01 JPMCB Shopko Salem Square Feet 100.0% 03/01/17 14,800,000 01/08/17   10,400,000   10,384,612   1.0%        
17.02 JPMCB Shopko Bend Square Feet 100.0% 03/01/17 14,600,000 01/01/17   10,000,000   9,985,203   1.0%        
17.03 JPMCB Shopko Eugene Square Feet 100.0% 03/01/17 11,200,000 01/08/17   7,725,000   7,713,570   0.7%        
18 JPMCB Providence at Memorial Units 91.9% 02/07/17 38,100,000 02/06/17 70.9% 27,000,000 84,112 27,000,000 84,112 2.6% No No 5.19600 0.03654
19 GACC Holiday Inn Miami Beach Rooms 81.5% 12/31/16 61,400,000 12/15/16 42.3% 26,000,000 102,767 26,000,000 102,767 2.5% No No 4.44000 0.01654
20 JPMCB Jevan Multifamily Portfolio Units 97.2% 09/25/16 38,350,000 09/30/16 61.6% 23,610,000 55,948 23,610,000 55,948 2.3% No No 3.82000 0.01654
20.01 JPMCB Vida Units 97.5% 09/25/16 15,900,000 09/30/16   9,788,762   9,788,762   0.9%        
20.02 JPMCB Amor Units 96.2% 09/25/16 11,250,000 09/30/16   6,926,010   6,926,010   0.7%        
20.03 JPMCB Feliz Units 97.7% 09/25/16 11,200,000 09/30/16   6,895,228   6,895,228   0.7%        
21 GACC Cupertino Civic Center Square Feet 99.4% 12/09/16 28,500,000 11/09/16 70.0% 19,950,000 316 19,950,000 316 1.9% No No 4.77000 0.03654
22 GACC Congressional Place Square Feet 100.0% 01/11/17 24,000,000 11/04/16 68.3% 16,400,000 213 16,400,000 213 1.6% No Yes - Group 1 4.82000 0.01654
23 GACC Trabuco Hills Square Feet 92.0% 12/07/16 26,000,000 11/14/16 58.8% 15,300,000 307 15,300,000 307 1.5% No Yes - Group 1 4.75000 0.01654
24 GACC Creekview & Country Village Apartments Units 99.0% 12/29/16 17,550,000 11/10/16 73.9% 13,000,000 44,521 12,968,616 44,413 1.2% No No 5.32500 0.01654
24.01 GACC Creekview Apartments Units 99.3% 12/29/16 9,100,000 11/10/16   6,700,000   6,683,825   0.6%        
24.02 GACC Country Village Apartments Units 98.6% 12/29/16 8,450,000 11/10/16   6,300,000   6,284,791   0.6%        
25 JPMCB Dick’s Sporting Goods Portfolio Square Feet 100.0% 03/01/17 43,750,000 Various 70.5% 13,000,000 117 12,930,513 117 1.2% No No 4.44800 0.01173
25.01 JPMCB Dick’s Keene Square Feet 100.0% 03/01/17 11,000,000 07/20/16   3,267,000   3,249,537   0.3%        
25.02 JPMCB Dick’s Concord Square Feet 100.0% 03/01/17 9,200,000 07/22/16   2,734,000   2,719,386   0.3%        
25.03 JPMCB Dick’s Wichita Square Feet 100.0% 03/01/17 8,100,000 07/19/16   2,407,000   2,394,134   0.2%        
25.04 JPMCB Dick’s Bloomingdale Square Feet 100.0% 03/01/17 6,500,000 07/22/16   1,933,000   1,922,668   0.2%        
25.05 JPMCB Dick’s Fort Wayne Square Feet 100.0% 03/01/17 5,100,000 07/20/16   1,514,000   1,505,907   0.1%        
25.06 JPMCB PetSmart Concord Square Feet 100.0% 03/01/17 3,850,000 07/20/16   1,145,000   1,138,880   0.1%        
26 GACC Plaza Ashland Rooms 63.0% 09/30/16 19,800,000 11/11/16 63.5% 12,600,000 136,957 12,567,761 136,606 1.2% No Yes - Group 2 4.97000 0.01654
27 GACC Cleveland Towne Center Square Feet 96.3% 12/06/16 18,100,000 12/02/16 67.9% 12,285,000 80 12,285,000 80 1.2% No No 5.07000 0.05654
28 GACC Courtyard Marriott Richland Rooms 69.8% 10/31/16 18,500,000 11/14/16 64.6% 12,000,000 100,000 11,958,011 99,650 1.1% No Yes - Group 2 5.18000 0.01654
29 GACC Grossmont Medical Center Square Feet 91.6% 12/06/16 17,520,000 10/10/16 65.6% 11,500,000 164 11,500,000 164 1.1% No No 4.46000 0.01654
30 JPMCB Horizon Village Square Feet 97.0% 10/16/16 14,275,000 10/14/16 69.7% 10,000,000 103 9,949,173 103 1.0% No No 4.96500 0.05654
31 JPMCB WoodSpring Suites Orlando Portfolio Rooms 87.7% 12/31/16 15,500,000 10/21/16 55.2% 8,600,000 38,053 8,559,103 37,872 0.8% No No 5.41000 0.01654
31.01 JPMCB Value Place Clermont Rooms 87.2% 12/31/16 8,500,000 10/21/16   4,716,129   4,693,702   0.4%        
31.02 JPMCB Value Place Clarcona Rooms 88.3% 12/31/16 7,000,000 10/21/16   3,883,871   3,865,401   0.4%        
32 JPMCB Hampton Inn & Suites - Pensacola Rooms 81.2% 12/31/16 12,000,000 12/20/16 62.5% 7,500,000 100,000 7,500,000 100,000 0.7% No No 5.00000 0.01654
33 GACC Shopko Billings Square Feet 100.0% 03/06/17 10,300,000 11/17/16 64.8% 6,700,000 66 6,677,030 66 0.6% No No 5.16000 0.01654
34 JPMCB Continental Plaza Square Feet 95.5% 11/01/16 9,200,000 11/18/16 69.3% 6,375,000 66 6,375,000 66 0.6% No No 4.77700 0.01654
35 GACC Crossroads Village Apartments Units 96.7% 12/13/16 6,700,000 10/20/16 71.5% 4,800,000 31,373 4,788,497 31,297 0.5% No No 5.37000 0.01654

 

A-1-2

 

 

ANNEX A-1

                                     
      Net                              
      Mortgage   Monthly Debt Annual Debt   First   Partial IO Partial IO Loan Rem. Rem. IO-   Payment Grace Period Grace Period  
Loan # Seller(1) Property Name Rate %(8) Accrual Type Service ($)(9)(10) Service ($)(10) Note Date Payment Date(11) Last IO Payment First P&I Payment Term(11) Amort Period(11) Seasoning(11) Due Date (Late Payment) (Default) Maturity Date
1 GACC 229 West 43rd Street Retail Condo 3.99377 Actual/360 270,742.13 3,248,905.56 10/13/16 12/06/16     116 0 120 4 6 0 0 11/06/26
2 GACC 350 Park Avenue 3.90465 Actual/360 220,529.92 2,646,359.04 12/02/16 01/06/17     118 0 121 3 6 0 0 01/06/27
3 GACC Prudential Plaza 4.59827 Actual/360 333,607.41 4,003,288.92 07/30/15 09/06/15 08/06/19 09/06/19 101 360 48 19 6 0 0 08/06/25
4 JPMCB Hilton Hawaiian Village 4.18902 Actual/360 220,874.74 2,650,496.93 10/24/16 12/01/16     116 0 120 4 1 0 0 11/01/26
5 GACC Key Center Cleveland 5.29077 Actual/360 361,675.66 4,340,107.92 01/31/17 03/06/17 02/06/19 03/06/19 119 300 24 1 6 0 0 02/06/27
6 GACC Gateway I & II 4.67346 Actual/360 284,920.31 3,419,043.72 02/03/17 03/06/17 02/06/20 03/06/20 119 360 36 1 6 0 0 02/06/27
7 JPMCB Landmark Square 4.95827 Actual/360 205,760.30 2,469,123.61 12/02/16 02/01/17     118 0 120 2 1 0 0 01/01/27
8 JPMCB Dallas Design District 5.24527 Actual/360 248,686.81 2,984,241.72 01/05/17 03/01/17 02/01/20 03/01/20 119 360 36 1 1 0 0 02/01/27
9 JPMCB Moffett Gateway 3.30767 Actual/360 194,405.32 2,332,863.79 09/22/16 11/01/16 10/01/21 11/01/21 121 360 60 5 1 0 0 04/01/27
10 GACC Uovo Art Storage 4.72327 Actual/360 192,675.13 2,312,101.56 02/02/17 03/06/17     119 359 0 1 6 0 0 02/06/27
11 GACC AHIP FL 5 Portfolio 4.97346 Actual/360 198,397.93 2,380,775.16 11/29/16 01/06/17     117 357 0 3 6 0 0 12/06/26
11.01 GACC Holiday Inn Express Ft Myers East                                
11.02 GACC Staybridge Suites Tampa East Brandon                                
11.03 GACC Holiday Inn Express Sarasota I-75                                
11.04 GACC Fairfield Inn & Suites Orlando Ocoee                                
11.05 GACC Courtyard Tampa North I-75 Fletcher                                
12 GACC 580 Walnut Street 4.72346 Actual/360 184,970.89 2,219,650.68 01/23/17 03/06/17     119 359 0 1 6 0 0 02/06/27
13 JPMCB Delamar Greenwich Harbor 5.21846 Actual/360 196,142.27 2,353,707.24 11/14/16 01/01/17     117 357 0 3 1 0 0 12/01/26
14 JPMCB Summit Mall 3.30227 Actual/360 98,000.81 1,176,009.72 09/07/16 11/01/16     115 0 120 5 1 0 0 10/01/26
15 GACC Park Center Plaza I, II & III 4.56596 Actual/360 176,862.31 2,122,347.72 01/05/17 02/06/17 01/06/22 02/06/22 118 360 60 2 6 0 0 01/06/27
16 GACC Summit Place Wisconsin 4.87827 Actual/360 169,638.10 2,035,657.20 12/01/16 01/06/17 12/06/19 01/06/20 117 360 36 3 6 0 0 12/06/26
17 JPMCB Shopko Oregon Portfolio 4.98146 Actual/360 150,946.71 1,811,360.52 01/31/17 03/01/17     119 359 0 1 1 0 0 02/01/27
17.01 JPMCB Shopko Salem                                
17.02 JPMCB Shopko Bend                                
17.03 JPMCB Shopko Eugene                                
18 JPMCB Providence at Memorial 5.15946 Actual/360 148,193.23 1,778,318.76 03/02/17 04/01/17 04/01/18 05/01/18 61 360 13 0 1 0 0 04/01/22
19 GACC Holiday Inn Miami Beach 4.42346 Actual/360 97,536.11 1,170,433.32 02/15/17 04/06/17     120 0 120 0 6 0 0 03/06/27
20 JPMCB Jevan Multifamily Portfolio 3.80346 Actual/360 76,202.37 914,428.42 10/27/16 12/01/16     116 0 120 4 1 0 0 11/01/26
20.01 JPMCB Vida                                
20.02 JPMCB Amor                                
20.03 JPMCB Feliz                                
21 GACC Cupertino Civic Center 4.73346 Actual/360 104,309.28 1,251,711.36 12/13/16 02/06/17 01/06/22 02/06/22 118 360 60 2 6 0 0 01/06/27
22 GACC Congressional Place 4.80346 Actual/360 86,243.49 1,034,921.88 01/12/17 03/06/17 02/06/21 03/06/21 119 360 48 1 6 0 0 02/06/27
23 GACC Trabuco Hills 4.73346 Actual/360 79,812.04 957,744.48 12/08/16 02/06/17 01/06/24 02/06/24 118 360 84 2 6 0 0 01/06/27
24 GACC Creekview & Country Village Apartments 5.30846 Actual/360 72,391.56 868,698.72 12/30/16 02/06/17     118 358 0 2 6 0 0 01/06/27
24.01 GACC Creekview Apartments                                
24.02 GACC Country Village Apartments                                
25 JPMCB Dick’s Sporting Goods Portfolio 4.43627 Actual/360 65,468.04 785,616.48 10/11/16 12/01/16     116 356 0 4 1 0 0 11/01/26
25.01 JPMCB Dick’s Keene                                
25.02 JPMCB Dick’s Concord                                
25.03 JPMCB Dick’s Wichita                                
25.04 JPMCB Dick’s Bloomingdale                                
25.05 JPMCB Dick’s Fort Wayne                                
25.06 JPMCB PetSmart Concord                                
26 GACC Plaza Ashland 4.95346 Actual/360 67,408.69 808,904.28 12/20/16 02/06/17     118 358 0 2 6 0 0 01/06/27
27 GACC Cleveland Towne Center 5.01346 Actual/360 66,475.10 797,701.20 12/21/16 02/06/17 01/06/19 02/06/19 82 360 24 2 6 0 0 01/06/24
28 GACC Courtyard Marriott Richland 5.16346 Actual/360 65,745.12 788,941.44 12/06/16 01/06/17     117 357 0 3 6 0 0 12/06/26
29 GACC Grossmont Medical Center 4.44346 Actual/360 57,995.81 695,949.72 12/07/16 02/06/17 01/06/20 02/06/20 118 360 36 2 6 0 0 01/06/27
30 JPMCB Horizon Village 4.90846 Actual/360 58,255.27 699,063.24 11/14/16 01/01/17     117 297 0 3 1 0 0 12/01/26
31 JPMCB WoodSpring Suites Orlando Portfolio 5.39346 Actual/360 52,350.30 628,203.60 11/18/16 01/01/17     57 297 0 3 1 0 0 12/01/21
31.01 JPMCB Value Place Clermont                                
31.02 JPMCB Value Place Clarcona                                
32 JPMCB Hampton Inn & Suites - Pensacola 4.98346 Actual/360 40,261.62 483,139.44 02/06/17 04/01/17     120 360 0 0 1 0 0 03/01/27
33 GACC Shopko Billings 5.14346 Actual/360 39,794.64 477,535.68 12/27/16 02/06/17     118 298 0 2 6 0 0 01/06/27
34 JPMCB Continental Plaza 4.76046 Actual/360 33,358.85 400,306.20 02/06/17 04/01/17     120 360 0 0 1 0 0 03/01/27
35 GACC Crossroads Village Apartments 5.35346 Actual/360 26,863.66 322,363.92 12/16/16 02/06/17     118 358 0 2 6 0 0 01/06/27

 

A-1-3

 

 

ANNEX A-1

                  HISTORICAL FINANCIALS(13)
                                   
        Final   Maturity   Maturity Prepayment 2013 2013 2013 2014 2014 2014 2015 2015 2015
Loan # Seller(1) Property Name ARD Loan Mat Date Balance ($)(5)   LTV %(4) Provision (Payments)(11)(12) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($)
1 GACC 229 West 43rd Street Retail Condo No   80,000,000   60.6% L(28),Def(85),O(7) 16,672,907 7,051,784 9,621,123 17,393,374 5,444,159 11,949,215      
2 GACC 350 Park Avenue No   66,667,200   41.7% L(27),Def(87),O(7) 49,059,877 19,398,319 29,661,558 53,863,805 20,957,359 32,906,446 56,086,766 21,560,422 34,526,344
3 GACC Prudential Plaza No   58,349,599   53.2% L(35),Def(79),O(6) 52,525,460 30,482,948 22,042,511 50,276,294 28,845,540 21,430,754 53,321,676 32,167,828 21,153,848
4 JPMCB Hilton Hawaiian Village No   62,250,000   31.2% L(28),DeforGrtr1%orYM(85),O(7) 324,974,888 214,010,053 110,964,835 346,089,627 226,228,808 119,860,819 366,791,222 238,053,500 128,737,723
5 GACC Key Center Cleveland No   48,945,796   49.6% L(25),Def(91),O(4) 65,945,696 39,071,471 26,874,225 64,203,206 39,347,384 24,855,822 63,246,960 40,993,349 22,253,611
6 GACC Gateway I & II No   48,352,535   62.8% L(25),Def(90),O(5) 4,186,208 622,781 3,563,426 4,286,378 665,514 3,620,865 4,140,882 871,072 3,269,810
7 JPMCB Landmark Square No   49,000,000   56.9% L(26),Def(90),O(4) 21,090,032 11,173,914 9,916,119 22,206,765 11,760,507 10,446,258 19,852,023 12,384,894 7,467,129
8 JPMCB Dallas Design District No   40,055,051   55.3% L(25),Grtr1%orYM(91),O(4) 11,762,840 4,136,520 7,626,320 13,056,367 4,051,248 9,005,119 12,606,620 4,108,165 8,498,455
9 JPMCB Moffett Gateway No   33,981,330   39.3% L(29),Def(90),O(7)                  
10 GACC Uovo Art Storage No   30,145,800   43.0% L(25),Def(91),O(4)             3,339,891 2,447,678 892,213
11 GACC AHIP FL 5 Portfolio No   30,405,825   49.4% L(27),Def(89),O(4)       12,653,134 7,945,974 4,707,160 14,894,915 8,776,057 6,118,858
11.01 GACC Holiday Inn Express Ft Myers East     7,157,215             2,772,802 1,782,490 990,312 3,412,160 1,995,284 1,416,876
11.02 GACC Staybridge Suites Tampa East Brandon     6,614,254             2,516,503 1,611,789 904,714 2,922,625 1,696,893 1,225,732
11.03 GACC Holiday Inn Express Sarasota I-75     6,170,013             2,769,281 1,647,141 1,122,140 3,197,310 1,885,853 1,311,457
11.04 GACC Fairfield Inn & Suites Orlando Ocoee     5,429,612             2,364,382 1,404,824 959,558 2,750,863 1,609,726 1,141,137
11.05 GACC Courtyard Tampa North I-75 Fletcher     5,034,731             2,230,166 1,499,730 730,436 2,611,957 1,588,301 1,023,656
12 GACC 580 Walnut Street No   28,928,515   55.9% L(25),Def(91),O(4)       3,945,600 1,337,762 2,607,838 4,474,216 1,398,593 3,075,622
13 JPMCB Delamar Greenwich Harbor No   29,423,393   58.8% L(25),Grtr1%orYM(91),O(4) 8,182,130 5,224,701 2,957,429 9,015,412 5,822,754 3,192,658 9,159,178 5,645,641 3,513,537
14 JPMCB Summit Mall No   35,000,000   41.5% L(29),Def(84),O(7) 15,065,656 3,761,536 11,304,120 16,182,561 3,902,553 12,280,008 16,012,933 3,778,460 12,234,473
15 GACC Park Center Plaza I, II & III No   31,619,464   62.4% L(26),Def(90),O(4) 8,943,770 3,642,209 5,301,561 7,888,316 3,696,629 4,191,687 8,540,572 3,940,939 4,599,633
16 GACC Summit Place Wisconsin No   28,260,975   64.2% L(27),Def(89),O(4) 10,578,455 4,705,840 5,872,615 10,832,394 4,954,024 5,878,370 11,703,109 5,013,588 6,689,521
17 JPMCB Shopko Oregon Portfolio No   23,114,856   56.9% L(25),Grtr1%orYM(88),O(7) 2,854,097 72,547 2,781,549 2,868,804 69,705 2,799,099 2,883,733 83,295 2,800,438
17.01 JPMCB Shopko Salem     8,547,360       1,049,701 25,096 1,024,605 1,054,679 26,615 1,028,064 1,061,208 31,555 1,029,654
17.02 JPMCB Shopko Bend     8,218,616       1,015,001 26,009 988,992 1,020,970 22,838 998,132 1,025,459 28,207 997,252
17.03 JPMCB Shopko Eugene     6,348,881       789,395 21,442 767,953 793,155 20,252 772,904 797,066 23,533 773,533
18 JPMCB Providence at Memorial No   25,423,820   66.7% L(26),Grtr1%orYM(32),O(3)       3,316,963 1,762,152 1,554,811 3,460,358 1,528,957 1,931,402
19 GACC Holiday Inn Miami Beach No   26,000,000   42.3% L(24),Def(92),O(4) 16,618,199 10,615,641 6,002,558 17,120,201 10,833,360 6,286,841 17,052,512 11,126,279 5,926,233
20 JPMCB Jevan Multifamily Portfolio No   23,610,000   61.6% L(25),Grtr1%orYM(92),O(3)       3,693,051 1,857,744 1,835,307 4,177,273 1,951,502 2,225,770
20.01 JPMCB Vida     9,788,762             1,514,879 717,192 797,687 1,658,411 753,255 905,155
20.02 JPMCB Amor     6,926,010             1,105,329 542,310 563,019 1,267,076 561,024 706,052
20.03 JPMCB Feliz     6,895,228             1,072,843 598,242 474,601 1,251,786 637,223 614,563
21 GACC Cupertino Civic Center No   18,333,165   64.3% L(26),Def(87),O(7) 1,644,425 797,364 847,061 2,052,115 885,944 1,166,172 2,379,987 917,327 1,462,660
22 GACC Congressional Place No   14,777,113   61.6% L(25),Def(91),O(4) 2,178,117 730,885 1,447,232 2,102,984 743,313 1,359,671 2,308,499 769,530 1,538,969
23 GACC Trabuco Hills No   14,590,551   56.1% L(26),Def(90),O(4) 1,486,738 368,596 1,118,142 1,635,428 403,359 1,232,069 1,606,530 382,447 1,224,083
24 GACC Creekview & Country Village Apartments No   10,797,717   61.5% L(26),Def(90),O(4)       2,234,256 1,164,813 1,069,443 2,373,390 1,197,961 1,175,429
24.01 GACC Creekview Apartments     5,564,977             1,179,027 601,399 577,628 1,227,531 637,829 589,702
24.02 GACC Country Village Apartments     5,232,740             1,055,229 563,414 491,815 1,145,859 560,132 585,727
25 JPMCB Dick’s Sporting Goods Portfolio No   10,489,831   57.2% L(28),Def(88),O(4) 4,697,103 1,560,301 3,136,802 4,825,210 1,701,014 3,124,197 4,846,626 1,685,546 3,161,080
25.01 JPMCB Dick’s Keene     2,636,175       903,752 175,911 727,841 816,444 89,965 726,479 830,411 95,398 735,013
25.02 JPMCB Dick’s Concord     2,206,092       786,600 194,689 591,911 794,147 228,357 565,791 781,425 203,318 578,107
25.03 JPMCB Dick’s Wichita     1,942,233       699,550 98,050 601,500 702,152 94,456 607,696 702,203 94,338 607,865
25.04 JPMCB Dick’s Bloomingdale     1,559,757       1,236,368 687,606 548,762 1,419,980 871,107 548,873 1,417,694 869,611 548,083
25.05 JPMCB Dick’s Fort Wayne     1,221,662       791,542 381,123 410,419 800,088 381,215 418,873 826,805 391,169 435,636
25.06 JPMCB PetSmart Concord     923,912       279,290 22,921 256,368 292,399 35,914 256,485 288,088 31,712 256,376
26 GACC Plaza Ashland No   10,346,823   52.3% L(26),Def(89),O(5) 3,126,500 1,497,041 1,629,459 3,139,611 1,573,568 1,566,043 3,487,582 1,527,683 1,959,899
27 GACC Cleveland Towne Center No   11,341,291   62.7% L(26),Def(54),O(4)             2,212,505 510,570 1,701,935
28 GACC Courtyard Marriott Richland No   9,922,158   53.6% L(27),Def(88),O(5) 4,758,449 2,859,469 1,898,980 5,067,594 3,074,510 1,993,084 4,813,652 3,051,786 1,761,866
29 GACC Grossmont Medical Center No   10,057,367   57.4% L(26),Def(89),O(5) 1,822,615 845,165 977,450 1,648,866 877,447 771,419 1,702,101 911,587 790,514
30 JPMCB Horizon Village No   7,466,276   52.3% L(27),Def(92),O(1) 1,052,229 383,220 669,009 1,302,122 518,861 783,261 1,352,106 448,290 903,815
31 JPMCB WoodSpring Suites Orlando Portfolio No   7,703,343   49.7% L(13),Grtr1%orYM(45),O(2) 2,210,823 1,585,970 624,854 2,398,207 1,497,068 901,139 2,774,345 1,595,398 1,178,947
31.01 JPMCB Value Place Clermont     4,224,414       1,193,979 927,117 266,862 1,284,204 784,093 500,111 1,510,413 828,376 682,037
31.02 JPMCB Value Place Clarcona     3,478,929       1,016,844 658,853 357,991 1,114,002 712,975 401,027 1,263,932 767,022 496,910
32 JPMCB Hampton Inn & Suites - Pensacola No   6,166,480   51.4% L(25),Grtr1%orYM(92),O(3)             2,400,272 1,445,637 954,635
33 GACC Shopko Billings No   5,037,384   48.9% L(26),Def(90),O(4)                  
34 JPMCB Continental Plaza No   5,202,989   56.6% L(13),Grtr1%orYM(104),O(3) 1,621,591 718,989 902,602 1,592,391 728,045 864,346 1,709,370 712,103 997,267
35 GACC Crossroads Village Apartments No   3,992,497   59.6% L(23),Grtr5%orYM(93),O(4) 1,193,522 690,048 503,474 1,211,460 788,795 422,665 1,245,875 737,409 508,467

A-1-4

 

 

ANNEX A-1

 

      HISTORICAL FINANCIALS(13)                    
              UW                  
      Most Recent Most Recent Most Recent   Economic UW UW Total UW UW Capital UW UW UW NCF UW NOI UW NCF
Loan # Seller(1) Property Name Revenues ($) Total Expenses ($) NOI ($) As of Occupancy % Revenues ($)(3) Expenses ($) NOI ($)(3)(14) Items ($) NCF ($)(3)(14) NOI DSCR(15) DSCR(15) Debt Yield % Debt Yield %
1 GACC 229 West 43rd Street Retail Condo 17,645,886 3,870,185 13,775,701 08/31/16 100.0% 25,397,158 3,895,157 21,502,001 1,294,346 20,207,655 1.86 1.75 7.5% 7.1%
2 GACC 350 Park Avenue 57,626,795 22,164,572 35,462,223 10/31/16 95.0% 58,443,166 22,786,342 35,656,824 633,312 35,023,512 3.03 2.98 12.0% 11.8%
3 GACC Prudential Plaza 58,858,563 32,295,671 26,562,892 11/30/16 79.6% 70,131,390 32,570,196 37,561,194 3,658,566 33,902,628 1.47 1.33 9.1% 8.2%
4 JPMCB Hilton Hawaiian Village 376,987,438 245,094,318 131,893,120 09/30/16 94.6% 374,437,742 241,850,768 132,586,975 0 132,586,975 4.47 4.47 19.0% 19.0%
5 GACC Key Center Cleveland 59,240,408 40,182,682 19,057,726 12/31/16 92.9% 67,329,103 40,324,409 27,004,694 1,677,558 25,327,136 1.70 1.59 12.3% 11.5%
6 GACC Gateway I & II 4,196,684 548,193 3,648,491 10/31/16 93.5% 5,116,508 854,992 4,261,516 162,829 4,098,687 1.25 1.20 7.7% 7.5%
7 JPMCB Landmark Square 22,240,746 12,516,518 9,724,228 12/31/16 85.4% 24,368,179 12,347,514 12,020,665 962,555 11,058,110 2.39 2.19 12.0% 11.1%
8 JPMCB Dallas Design District 13,673,772 4,035,907 9,637,865 09/30/16 95.0% 15,304,762 4,048,471 11,256,291 1,051,292 10,204,999 1.41 1.28 9.4% 8.5%
9 JPMCB Moffett Gateway         95.0% 35,097,235 6,170,971 28,926,265 1,294,985 27,631,280 2.04 1.95 11.9% 11.4%
10 GACC Uovo Art Storage 8,842,355 2,882,846 5,959,509 12/31/16 71.6% 11,241,398 2,760,281 8,481,117 29,476 8,451,641 1.56 1.55 9.8% 9.7%
11 GACC AHIP FL 5 Portfolio 15,113,597 9,140,192 5,973,405 09/30/16 72.5% 14,154,095 8,995,281 5,158,816 566,164 4,592,650 2.17 1.93 14.0% 12.5%
11.01 GACC Holiday Inn Express Ft Myers East 3,572,607 2,123,884 1,448,723 09/30/16 71.5% 3,246,527 2,018,220 1,228,308 129,861 1,098,446        
11.02 GACC Staybridge Suites Tampa East Brandon 2,995,814 1,882,210 1,113,604 09/30/16 73.0% 2,807,777 1,823,942 983,836 112,311 871,524        
11.03 GACC Holiday Inn Express Sarasota I-75 3,013,301 1,876,826 1,136,475 09/30/16 67.0% 2,986,221 1,899,883 1,086,338 119,449 966,889        
11.04 GACC Fairfield Inn & Suites Orlando Ocoee 2,765,281 1,562,516 1,202,765 09/30/16 80.4% 2,571,948 1,564,957 1,006,991 102,878 904,113        
11.05 GACC Courtyard Tampa North I-75 Fletcher 2,766,594 1,694,756 1,071,838 09/30/16 72.5% 2,541,622 1,688,279 853,343 101,665 751,678        
12 GACC 580 Walnut Street 4,157,331 1,335,023 2,822,308 11/30/16 92.5% 5,814,172 1,830,831 3,983,341 306,900 3,676,441 1.79 1.66 11.2% 10.4%
13 JPMCB Delamar Greenwich Harbor 9,676,701 5,959,629 3,717,072 10/31/16 72.7% 9,676,636 6,023,582 3,653,055 0 3,653,055 1.55 1.55 10.3% 10.3%
14 JPMCB Summit Mall 16,529,626 3,769,744 12,759,882 07/31/16 92.7% 17,294,164 3,863,136 13,431,028 586,095 12,844,933 4.70 4.50 15.8% 15.1%
15 GACC Park Center Plaza I, II & III 9,153,503 3,859,898 5,293,604 08/31/16 90.8% 8,987,319 4,126,117 4,861,202 311,588 4,549,614 2.29 2.14 14.1% 13.2%
16 GACC Summit Place Wisconsin 12,051,768 4,793,337 7,258,431 09/30/16 92.0% 11,802,741 4,819,635 6,983,106 703,103 6,280,003 1.52 1.37 9.7% 8.7%
17 JPMCB Shopko Oregon Portfolio 3,703,006 727,433 2,975,573 12/31/16 95.0% 2,826,794 82,700 2,744,095 287,105 2,456,989 1.51 1.36 9.8% 8.7%
17.01 JPMCB Shopko Salem 1,371,649 277,274 1,094,375 12/31/16 95.0% 1,039,656 31,330 1,008,326 105,593 902,733        
17.02 JPMCB Shopko Bend 1,253,339 195,165 1,058,174 12/31/16 95.0% 1,005,265 27,989 977,277 90,756 886,521        
17.03 JPMCB Shopko Eugene 1,078,018 254,994 823,024 12/31/16 95.0% 781,873 23,382 758,491 90,756 667,735        
18 JPMCB Providence at Memorial 3,747,300 1,802,761 1,944,539 12/31/16 89.5% 4,123,221 1,645,241 2,477,980 80,250 2,397,730 1.39 1.35 9.2% 8.9%
19 GACC Holiday Inn Miami Beach 15,820,389 10,840,648 4,979,741 12/31/16 81.5% 15,820,389 11,081,927 4,738,462 632,816 4,105,647 4.05 3.51 18.2% 15.8%
20 JPMCB Jevan Multifamily Portfolio 4,470,794 2,024,023 2,446,771 12/31/16 93.5% 4,486,147 2,245,961 2,240,186 117,302 2,122,884 2.45 2.32 9.5% 9.0%
20.01 JPMCB Vida 1,753,507 774,874 978,633 12/31/16 91.1% 1,742,969 862,701 880,268 43,040 837,228        
20.02 JPMCB Amor 1,329,761 589,097 740,664 12/31/16 95.0% 1,347,677 679,666 668,011 36,432 631,579        
20.03 JPMCB Feliz 1,387,526 660,052 727,474 12/31/16 95.0% 1,395,501 703,594 691,907 37,830 654,077        
21 GACC Cupertino Civic Center 2,506,386 955,890 1,550,496 12/31/16 95.0% 2,932,250 1,101,026 1,831,224 122,027 1,709,197 1.46 1.37 9.2% 8.6%
22 GACC Congressional Place 2,374,928 744,292 1,630,636 09/30/16 95.0% 2,375,584 817,166 1,558,418 217,737 1,340,681 1.51 1.30 9.5% 8.2%
23 GACC Trabuco Hills 1,562,408 373,379 1,189,029 09/30/16 90.7% 1,647,369 420,802 1,226,567 62,284 1,164,283 1.28 1.22 8.0% 7.6%
24 GACC Creekview & Country Village Apartments 2,530,003 1,215,405 1,314,597 10/31/16 94.1% 2,533,203 1,308,784 1,224,419 94,664 1,129,755 1.41 1.30 9.4% 8.7%
24.01 GACC Creekview Apartments 1,296,749 609,006 687,742 10/31/16 93.7% 1,296,749 652,262 644,487 47,123 597,364        
24.02 GACC Country Village Apartments 1,233,254 606,399 626,855 10/31/16 94.5% 1,236,454 656,522 579,932 47,541 532,391        
25 JPMCB Dick’s Sporting Goods Portfolio 5,228,705 1,918,885 3,309,820 12/31/16 95.0% 4,784,906 1,854,800 2,930,105 300,874 2,629,231 1.56 1.40 9.5% 8.5%
25.01 JPMCB Dick’s Keene 958,174 184,897 773,277 12/31/16 95.0% 829,418 119,147 710,271 50,018 660,253        
25.02 JPMCB Dick’s Concord 917,947 260,639 657,308 12/31/16 95.0% 798,471 231,430 567,041 56,500 510,541        
25.03 JPMCB Dick’s Wichita 702,203 93,857 608,345 12/31/16 95.0% 671,483 113,998 557,485 53,658 503,827        
25.04 JPMCB Dick’s Bloomingdale 1,449,360 884,121 565,240 12/31/16 95.0% 1,409,875 941,876 467,999 55,000 412,999        
25.05 JPMCB Dick’s Fort Wayne 826,806 390,661 436,145 12/31/16 95.0% 786,144 409,898 376,246 63,000 313,246        
25.06 JPMCB PetSmart Concord 374,215 104,710 269,505 12/31/16 95.0% 289,515 38,450 251,064 22,698 228,366        
26 GACC Plaza Ashland 3,583,764 1,542,420 2,041,344 09/30/16 58.2% 3,402,886 1,649,860 1,753,026 136,115 1,616,911 2.17 2.00 13.9% 12.9%
27 GACC Cleveland Towne Center 2,310,831 479,493 1,831,338 10/31/16 93.0% 2,259,732 533,116 1,726,616 75,284 1,651,332 2.16 2.07 14.1% 13.4%
28 GACC Courtyard Marriott Richland 4,762,496 3,149,805 1,612,691 10/31/16 69.8% 4,762,674 3,158,043 1,604,631 190,507 1,414,124 2.03 1.79 13.4% 11.8%
29 GACC Grossmont Medical Center 1,730,081 919,597 810,484 09/30/16 92.4% 2,329,781 960,218 1,369,563 94,909 1,274,654 1.97 1.83 11.9% 11.1%
30 JPMCB Horizon Village 1,447,589 288,411 1,159,178 12/31/16 95.0% 1,511,730 402,231 1,109,499 115,411 994,088 1.59 1.42 11.2% 10.0%
31 JPMCB WoodSpring Suites Orlando Portfolio 3,241,106 1,863,552 1,377,554 12/31/16 87.7% 3,232,628 1,858,056 1,374,572 0 1,374,572 2.19 2.19 16.1% 16.1%
31.01 JPMCB Value Place Clermont 1,755,108 959,624 795,484 12/31/16 87.2% 1,750,531 955,987 794,544 0 794,544        
31.02 JPMCB Value Place Clarcona 1,485,998 903,928 582,070 12/31/16 88.3% 1,482,097 902,070 580,028 0 580,028        
32 JPMCB Hampton Inn & Suites - Pensacola 2,744,877 1,751,983 992,894 12/31/16 81.2% 2,737,467 1,775,198 962,269 0 962,269 1.99 1.99 12.8% 12.8%
33 GACC Shopko Billings         95.0% 762,027 22,861 739,167 0 739,167 1.55 1.55 11.1% 11.1%
34 JPMCB Continental Plaza 1,702,071 661,114 1,040,957 12/31/16 90.0% 1,642,718 764,125 878,594 148,776 729,818 2.19 1.82 13.8% 11.4%
35 GACC Crossroads Village Apartments 1,235,643 719,840 515,802 10/31/16 95.0% 1,240,138 701,127 539,010 60,800 478,210 1.67 1.48 11.3% 10.0%

 

A-1-5

 

 

ANNEX A-1

 

                UPFRONT ESCROW(17)
                               
        Ground Lease Ground Lease     Upfront Capex Upfront Engin. Upfront Envir. Upfront TI/LC Upfront RE Tax Upfront Ins. Upfront Debt Service Upfront Other
Loan # Seller(1) Property Name Title Type(16) Expiration Extension Terms PML %   Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($)
1 GACC 229 West 43rd Street Retail Condo Fee         0 23,000 0 14,492,159 651,564 18,983 0 11,110,080
2 GACC 350 Park Avenue Fee         0 0 0 1,829,270 0 0 0 1,413,328
3 GACC Prudential Plaza Fee         2,525,657 0 0 21,489,422 1,134,682 248,278 0 47,911,435
4 JPMCB Hilton Hawaiian Village Fee/Leasehold 07/31/35 None     0 0 0 0 0 0 0 0
5 GACC Key Center Cleveland Fee/Leasehold 12/31/59 One, 34-year option     18,271,556 64,625 0 24,069,759 1,540,363 55,406 0 11,819,140
6 GACC Gateway I & II Fee         0 0 0 601,000 13,361 0 0 4,483,333
7 JPMCB Landmark Square Fee/Leasehold 02/28/82 Year to year     0 0 0 0 1,325,844 0 0 0
8 JPMCB Dallas Design District Fee/Leasehold 12/20/51 None     374,106 123,125 0 3,278,052 316,270 200,000 0 2,032,511
9 JPMCB Moffett Gateway Fee     15%   0 0 0 0 180,864 0 0 86,961,915
10 GACC Uovo Art Storage Fee         0 0 0 0 29,711 0 0 71,500
11 GACC AHIP FL 5 Portfolio Fee         0 0 0 0 48,027 0 0 7,874,700
11.01 GACC Holiday Inn Express Ft Myers East Fee                        
11.02 GACC Staybridge Suites Tampa East Brandon Fee                        
11.03 GACC Holiday Inn Express Sarasota I-75 Fee                        
11.04 GACC Fairfield Inn & Suites Orlando Ocoee Fee                        
11.05 GACC Courtyard Tampa North I-75 Fletcher Fee                        
12 GACC 580 Walnut Street Fee         0 0 0 2,330,975 85,098 41,113 0 0
13 JPMCB Delamar Greenwich Harbor Fee         31,450 0 0 0 120,303 0 0 0
14 JPMCB Summit Mall Fee         0 0 0 0 0 0 0 0
15 GACC Park Center Plaza I, II & III Fee         0 6,250 0 3,100,000 88,877 4,493 0 0
16 GACC Summit Place Wisconsin Fee/Leasehold         0 25,000 0 157,156 1,278,158 137,734 0 0
17 JPMCB Shopko Oregon Portfolio Fee     Various   0 0 0 0 0 0 0 0
17.01 JPMCB Shopko Salem Fee     8%                  
17.02 JPMCB Shopko Bend Fee                        
17.03 JPMCB Shopko Eugene Fee     7%                  
18 JPMCB Providence at Memorial Fee         6,688 0 0 0 156,326 0 0 0
19 GACC Holiday Inn Miami Beach Fee         0 107,000 0 0 193,179 0 0 3,795,000
20 JPMCB Jevan Multifamily Portfolio Fee         422,000 28,190 0 0 0 0 0 1,636,834
20.01 JPMCB Vida Fee                        
20.02 JPMCB Amor Fee                        
20.03 JPMCB Feliz Fee                        
21 GACC Cupertino Civic Center Fee     12%   0 10,625 0 200,000 119,728 0 0 0
22 GACC Congressional Place Fee     15%   0 0 0 75,543 0 0 0 0
23 GACC Trabuco Hills Fee     9%   0 133,848 0 100,000 52,673 0 0 375,000
24 GACC Creekview & Country Village Apartments Fee         0 27,875 0 0 20,334 0 0 0
24.01 GACC Creekview Apartments Fee                        
24.02 GACC Country Village Apartments Fee                        
25 JPMCB Dick’s Sporting Goods Portfolio Fee/Leasehold         1,696 0 0 22,028 22,218 0 0 0
25.01 JPMCB Dick’s Keene Fee                        
25.02 JPMCB Dick’s Concord Fee                        
25.03 JPMCB Dick’s Wichita Fee                        
25.04 JPMCB Dick’s Bloomingdale Leasehold 01/31/27 Four, five-year options                    
25.05 JPMCB Dick’s Fort Wayne Leasehold 01/31/50 One, five-year option                    
25.06 JPMCB PetSmart Concord Fee                        
26 GACC Plaza Ashland Fee     5%   0 149,577 0 0 13,534 0 74,176 169,000
27 GACC Cleveland Towne Center Fee         0 11,875 0 0 64,742 1,578 0 1,277,205
28 GACC Courtyard Marriott Richland Leasehold 02/28/58 Two, 15-year options; One, 14-year option     0 375 0 0 17,230 0 0 185,745
29 GACC Grossmont Medical Center Leasehold 04/30/59 None 6%   0 0 0 250,000 53,813 0 0 550,565
30 JPMCB Horizon Village Fee         1,456 0 0 8,083 39,496 18,453 0 0
31 JPMCB WoodSpring Suites Orlando Portfolio Fee         10,490 0 0 0 20,458 0 0 40,108
31.01 JPMCB Value Place Clermont Fee                        
31.02 JPMCB Value Place Clarcona Fee                        
32 JPMCB Hampton Inn & Suites - Pensacola Fee         7,503 0 0 0 19,721 11,665 0 0
33 GACC Shopko Billings Fee         0 1,750 0 0 0 0 0 0
34 JPMCB Continental Plaza Fee         2,159 195,592 0 100,000 45,908 3,057 0 125,072
35 GACC Crossroads Village Apartments Fee         0 938 0 0 56,632 0 0 0

 

 

A-1-6

 

 

ANNEX A-1

 

      UPFRONT ESCROW(17)   MONTHLY ESCROW(18)
               
      Other Upfront   Monthly Capex Monthly Envir. Monthly TI/LC
Loan # Seller(1) Property Name Description ($)(21)   Reserve ($) Reserve ($) Reserve ($)
1 GACC 229 West 43rd Street Retail Condo Free Rent Reserve: 11,061,751; Bridge Rent Reserve: 48,329   6,211 0 0
2 GACC 350 Park Avenue Free Rent Reserve   Springing 0 Springing
3 GACC Prudential Plaza Future Leasing Reserve: 35,000,000; Rent Abatement Reserve: 12,911,435   47,671 0 0
4 JPMCB Hilton Hawaiian Village     Springing 0 0
5 GACC Key Center Cleveland PIP Reserve: 4,652,415; Marriott FF&E Reserve: 1,991,429; New Lease Letters of Credit: 5,175,296   29,284 0 110,513
6 GACC Gateway I & II Modells Free Rent Reserve: 733,333; Modells Holdback Reserve: 3,750,000   1,596 0 11,973
7 JPMCB Landmark Square     Springing 0 Springing
8 JPMCB Dallas Design District Outstanding TI/LC Reserve: 1,693,764; Free Rent Reserve: 320,671; Ground Rent Reserve: 18,076   Springing 0 Springing
9 JPMCB Moffett Gateway Outstanding TI/LC Reserve: 49,386,882; Free Rent Reserve: 37,575,033   0 0 0
10 GACC Uovo Art Storage New PCO Reserve   2,456 0 0
11 GACC AHIP FL 5 Portfolio PIP Reserve   Springing 0 0
11.01 GACC Holiday Inn Express Ft Myers East          
11.02 GACC Staybridge Suites Tampa East Brandon          
11.03 GACC Holiday Inn Express Sarasota I-75          
11.04 GACC Fairfield Inn & Suites Orlando Ocoee          
11.05 GACC Courtyard Tampa North I-75 Fletcher          
12 GACC 580 Walnut Street     5,115 0 20,460
13 JPMCB Delamar Greenwich Harbor     4% of Gross Revenues 0 0
14 JPMCB Summit Mall     Springing 0 Springing
15 GACC Park Center Plaza I, II & III     7,024 0 47,412
16 GACC Summit Place Wisconsin     8,121 0 51,834
17 JPMCB Shopko Oregon Portfolio     3,988 0 19,938
17.01 JPMCB Shopko Salem          
17.02 JPMCB Shopko Bend          
17.03 JPMCB Shopko Eugene          
18 JPMCB Providence at Memorial     6,688 0 0
19 GACC Holiday Inn Miami Beach PIP Reserve   4% of Gross Revenues 0 0
20 JPMCB Jevan Multifamily Portfolio Capital Improvement Action Plan Reserve   8,792 0 0
20.01 JPMCB Vida          
20.02 JPMCB Amor          
20.03 JPMCB Feliz          
21 GACC Cupertino Civic Center     1,787 0 15,766
22 GACC Congressional Place     1,603 0 16,587
23 GACC Trabuco Hills Lease Sweep Reserve   830 0 4,361
24 GACC Creekview & Country Village Apartments     7,886 0 0
24.01 GACC Creekview Apartments          
24.02 GACC Country Village Apartments          
25 JPMCB Dick’s Sporting Goods Portfolio     1,696 0 22,028
25.01 JPMCB Dick’s Keene          
25.02 JPMCB Dick’s Concord          
25.03 JPMCB Dick’s Wichita          
25.04 JPMCB Dick’s Bloomingdale          
25.05 JPMCB Dick’s Fort Wayne          
25.06 JPMCB PetSmart Concord          
26 GACC Plaza Ashland Seasonality Reserve   4% of Gross Revenues 0 0
27 GACC Cleveland Towne Center Lease Renewal Reserve   2,547 0 Springing
28 GACC Courtyard Marriott Richland Seasonal Working Capital Reserve: 81,000; Payment Reserve: 65,745; Ground Rent Reserve: 39,000   4% of Gross Revenues 0 0
29 GACC Grossmont Medical Center Sharp Hospital Reserve: 353,219; Dr. Mani Reserve: 158,345; Ground Rent Reserve: 39,000   1,461 0 8,765.25 through and including 02/06/2020, 11,687 thereafter
30 JPMCB Horizon Village     1,456 0 8,083
31 JPMCB WoodSpring Suites Orlando Portfolio WoodSpring Conversion Reserve   4% of Gross Revenues 0 0
31.01 JPMCB Value Place Clermont          
31.02 JPMCB Value Place Clarcona          
32 JPMCB Hampton Inn & Suites - Pensacola     4% of Gross Revenues 0 0
33 GACC Shopko Billings     Springing 0 Springing
34 JPMCB Continental Plaza Prepaid Rent Reserve   2,159 0 8,333
35 GACC Crossroads Village Apartments     5,067 0 0

A-1-7

 

 

ANNEX A-1

 

      MONTHLY ESCROW(18)
             
      Monthly RE Tax Monthly Ins. Monthly Other Other Monthly
Loan # Seller(1) Property Name Reserve ($) Reserve ($) Reserve ($)(21) Description ($)(21)
1 GACC 229 West 43rd Street Retail Condo 126,690 Springing Springing Lease Sweep Reserve
2 GACC 350 Park Avenue Springing Springing Springing Ziff Reserve
3 GACC Prudential Plaza 1,134,682 82,759 236,236 Future Leasing Funds
4 JPMCB Hilton Hawaiian Village Springing Springing 0  
5 GACC Key Center Cleveland 770,181 Springing 5,000 Ground Rent Reserve: 5,000; PIP Reserve: Springing
6 GACC Gateway I & II 6,680 Springing Springing Lease Sweep Reserve
7 JPMCB Landmark Square 220,974 Springing 0  
8 JPMCB Dallas Design District 316,270 Springing 6,025 Ground Rent Reserve
9 JPMCB Moffett Gateway 180,864 Springing 0  
10 GACC Uovo Art Storage 14,855 Springing 0  
11 GACC AHIP FL 5 Portfolio 48,027 Springing Springing Condominium Assessments Reserve
11.01 GACC Holiday Inn Express Ft Myers East        
11.02 GACC Staybridge Suites Tampa East Brandon        
11.03 GACC Holiday Inn Express Sarasota I-75        
11.04 GACC Fairfield Inn & Suites Orlando Ocoee        
11.05 GACC Courtyard Tampa North I-75 Fletcher        
12 GACC 580 Walnut Street 30,121 Springing Springing Common Charges Reserve; Lease Sweep Reserve
13 JPMCB Delamar Greenwich Harbor 20,640 Springing 0  
14 JPMCB Summit Mall Springing Springing 0  
15 GACC Park Center Plaza I, II & III 88,877 4,493 Springing Lease Sweep Reserve
16 GACC Summit Place Wisconsin 106,513 8,878 116,325 Brookdale Rollover Deposits: 116,325; Lease Sweep Reserve: Springing; Low Debt Service Cure Reserve: Springing
17 JPMCB Shopko Oregon Portfolio Springing Springing 16,667 Additional Collateral Reserve
17.01 JPMCB Shopko Salem        
17.02 JPMCB Shopko Bend        
17.03 JPMCB Shopko Eugene        
18 JPMCB Providence at Memorial 39,081 Springing 0  
19 GACC Holiday Inn Miami Beach 38,636 Springing Springing PIP Reserve
20 JPMCB Jevan Multifamily Portfolio 50,778 Springing 0  
20.01 JPMCB Vida        
20.02 JPMCB Amor        
20.03 JPMCB Feliz        
21 GACC Cupertino Civic Center 20,354 Springing 0  
22 GACC Congressional Place 14,242 Springing Springing Free Rent Reserve; Lease Sweep Reserve
23 GACC Trabuco Hills 13,168 Springing Springing Lease Sweep Reserve; Free Rent Reserve
24 GACC Creekview & Country Village Apartments 20,334 Springing 0  
24.01 GACC Creekview Apartments        
24.02 GACC Country Village Apartments        
25 JPMCB Dick’s Sporting Goods Portfolio 11,109 Springing Springing Ground Rent Reserve; Condominium Assessments Reserve
25.01 JPMCB Dick’s Keene        
25.02 JPMCB Dick’s Concord        
25.03 JPMCB Dick’s Wichita        
25.04 JPMCB Dick’s Bloomingdale        
25.05 JPMCB Dick’s Fort Wayne        
25.06 JPMCB PetSmart Concord        
26 GACC Plaza Ashland 6,767 Springing Springing Seasonality Reserve
27 GACC Cleveland Towne Center 16,185 2,425 0  
28 GACC Courtyard Marriott Richland 8,615 Springing 27,000 Seasonality Reserve: 27,000; PIP Reserve: Springing
29 GACC Grossmont Medical Center 13,453 Springing Springing Ground Rent Reserve; Lease Sweep Reserve
30 JPMCB Horizon Village 13,560 1,419 Springing Free Rent Reserve
31 JPMCB WoodSpring Suites Orlando Portfolio 10,229 Springing Springing PIP Reserve
31.01 JPMCB Value Place Clermont        
31.02 JPMCB Value Place Clarcona        
32 JPMCB Hampton Inn & Suites - Pensacola 6,574 2,916 Springing PIP Reserve
33 GACC Shopko Billings Springing Springing Springing Lease Sweep Reserve
34 JPMCB Continental Plaza 11,962 1,528 0  
35 GACC Crossroads Village Apartments 10,584 Springing 0  

 

A-1-8

 

 

ANNEX A-1

 

      RESERVE CAPS(19)    
                       
      CapEx Envir. TI/LC RE Tax Insur. Debt Service Other   Single
Loan # Seller(1) Property Name Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($)   Tenant
1 GACC 229 West 43rd Street Retail Condo                 No
2 GACC 350 Park Avenue 228,314   2,283,136       Ziff Reserve: 25,000,000   No
3 GACC Prudential Plaza             Future Leasing Funds: 10,000,000   No
4 JPMCB Hilton Hawaiian Village                 No
5 GACC Key Center Cleveland 1,757,065               No
6 GACC Gateway I & II                 No
7 JPMCB Landmark Square 500,000               No
8 JPMCB Dallas Design District 372,816   3,278,052           No
9 JPMCB Moffett Gateway                 Yes
10 GACC Uovo Art Storage                 No
11 GACC AHIP FL 5 Portfolio                 No
11.01 GACC Holiday Inn Express Ft Myers East                 No
11.02 GACC Staybridge Suites Tampa East Brandon                 No
11.03 GACC Holiday Inn Express Sarasota I-75                 No
11.04 GACC Fairfield Inn & Suites Orlando Ocoee                 No
11.05 GACC Courtyard Tampa North I-75 Fletcher                 No
12 GACC 580 Walnut Street                 No
13 JPMCB Delamar Greenwich Harbor                 No
14 JPMCB Summit Mall                 No
15 GACC Park Center Plaza I, II & III 337,151   4,250,000           No
16 GACC Summit Place Wisconsin 292,353   1,866,009           No
17 JPMCB Shopko Oregon Portfolio                 Yes
17.01 JPMCB Shopko Salem                 Yes
17.02 JPMCB Shopko Bend                 Yes
17.03 JPMCB Shopko Eugene                 Yes
18 JPMCB Providence at Memorial                 No
19 GACC Holiday Inn Miami Beach                 No
20 JPMCB Jevan Multifamily Portfolio                 No
20.01 JPMCB Vida                 No
20.02 JPMCB Amor                 No
20.03 JPMCB Feliz                 No
21 GACC Cupertino Civic Center     350,000           No
22 GACC Congressional Place 57,704   597,143           No
23 GACC Trabuco Hills 29,869   156,984           No
24 GACC Creekview & Country Village Apartments                 No
24.01 GACC Creekview Apartments                 No
24.02 GACC Country Village Apartments                 No
25 JPMCB Dick’s Sporting Goods Portfolio     1,000,000           Yes
25.01 JPMCB Dick’s Keene                 Yes
25.02 JPMCB Dick’s Concord                 Yes
25.03 JPMCB Dick’s Wichita                 Yes
25.04 JPMCB Dick’s Bloomingdale                 Yes
25.05 JPMCB Dick’s Fort Wayne                 Yes
25.06 JPMCB PetSmart Concord                 Yes
26 GACC Plaza Ashland             315,000   No
27 GACC Cleveland Towne Center 61,135   300,000           No
28 GACC Courtyard Marriott Richland             Seasonality Reserve: 81,000   No
29 GACC Grossmont Medical Center     450,000           No
30 JPMCB Horizon Village     485,005           No
31 JPMCB WoodSpring Suites Orlando Portfolio                 No
31.01 JPMCB Value Place Clermont                 No
31.02 JPMCB Value Place Clarcona                 No
32 JPMCB Hampton Inn & Suites - Pensacola                 No
33 GACC Shopko Billings                 Yes
34 JPMCB Continental Plaza                 No
35 GACC Crossroads Village Apartments                 No

A-1-9

 

 

ANNEX A-1

 

      LARGEST TENANT (3), (20), (21), (22)   2nd LARGEST TENANT (3), (20), (21), (22)   3rd LARGEST TENANT (3), (20), (21), (22)
                           
          Lease       Lease       Lease
Loan # Seller(1) Property Name Largest Tenant Unit Size Expiration   2nd Largest Tenant Unit Size Expiration   3rd Largest Tenant Unit Size Expiration
1 GACC 229 West 43rd Street Retail Condo Bowlmor Times Square, LLC 77,536 07/31/34   National Geographic 59,137 10/31/32   Gulliver’s Gate 49,000 01/31/31
2 GACC 350 Park Avenue Ziff Brothers Investments, L.L.C. 287,030 04/30/21   Manufacturers & Traders Trust Company 102,622 03/31/23   Egon-Zehnder International 26,300 05/31/22
3 GACC Prudential Plaza Wilson Sporting Goods Co. 87,386 12/31/29   Optiver US LLC 73,779 04/30/23   Clark Hill 71,813 12/31/32
4 JPMCB Hilton Hawaiian Village                      
5 GACC Key Center Cleveland Keybank National Association 477,781 06/30/30   Squire Patton Boggs 150,890 04/30/22   Forest City 147,795 03/31/33
6 GACC Gateway I & II NYSARC 37,284 10/31/29   Modells 16,363 12/31/26   Sinergia 15,087 11/30/24
7 JPMCB Landmark Square Cummings & Lockwood 55,643 04/30/26   B and E Theaters LLC 50,247 05/31/21   Finn Dixon & Herling 26,385 12/31/32
8 JPMCB Dallas Design District Regulus Group LLC 44,345 03/31/17   Walter Lee Culp Associates, Inc. 30,650 10/31/28   David Sutherland, Inc. 29,937 05/31/23
9 JPMCB Moffett Gateway Google 612,691 03/31/27                
10 GACC Uovo Art Storage                      
11 GACC AHIP FL 5 Portfolio                      
11.01 GACC Holiday Inn Express Ft Myers East                      
11.02 GACC Staybridge Suites Tampa East Brandon                      
11.03 GACC Holiday Inn Express Sarasota I-75                      
11.04 GACC Fairfield Inn & Suites Orlando Ocoee                      
11.05 GACC Courtyard Tampa North I-75 Fletcher                      
12 GACC 580 Walnut Street Fifth Third Bank 198,116 12/31/25   Prime 47 Cincinnati LLC 8,724 07/31/26   Starbucks 5,607 12/31/21
13 JPMCB Delamar Greenwich Harbor                      
14 JPMCB Summit Mall Macy’s 195,776 10/24/20   Goodyear 11,732 06/30/31   Gap 9,532 01/31/18
15 GACC Park Center Plaza I, II & III GSA 58,821 11/30/19   CBIZ, Inc. 50,531 02/28/22   Travelers Indemnity Company 50,407 12/31/19
16 GACC Summit Place Wisconsin Brookdale Senior Living 185,399 04/30/24   Children’s Hospital and Health System, Inc. 132,362 07/31/26   SaintA 47,512 02/28/18
17 JPMCB Shopko Oregon Portfolio                      
17.01 JPMCB Shopko Salem Shopko 117,326 01/31/27                
17.02 JPMCB Shopko Bend Shopko 100,840 01/31/27                
17.03 JPMCB Shopko Eugene Shopko 100,840 01/31/27                
18 JPMCB Providence at Memorial                      
19 GACC Holiday Inn Miami Beach                      
20 JPMCB Jevan Multifamily Portfolio                      
20.01 JPMCB Vida                      
20.02 JPMCB Amor                      
20.03 JPMCB Feliz                      
21 GACC Cupertino Civic Center Cognex 5,850 09/30/18   Silicon Mitus Technology 4,627 07/31/19   AAC Technologies 3,378 11/30/18
22 GACC Congressional Place Morgan Stanley 18,547 12/31/23   Wells Fargo 11,140 07/31/20   Beachside Realtors 6,127 05/31/19
23 GACC Trabuco Hills Party City 12,500 01/31/18   Petco Supplies & Fish 12,245 01/31/24   AAA The Auto Club 5,955 11/30/21
24 GACC Creekview & Country Village Apartments                      
24.01 GACC Creekview Apartments                      
24.02 GACC Country Village Apartments                      
25 JPMCB Dick’s Sporting Goods Portfolio                      
25.01 JPMCB Dick’s Keene Dick’s Sporting Goods 45,471 10/31/20                
25.02 JPMCB Dick’s Concord Dick’s Sporting Goods 50,000 01/31/21                
25.03 JPMCB Dick’s Wichita Dick’s Sporting Goods 48,780 03/31/23                
25.04 JPMCB Dick’s Bloomingdale Dick’s Sporting Goods 50,000 01/31/22                
25.05 JPMCB Dick’s Fort Wayne Dick’s Sporting Goods 50,000 08/31/24                
25.06 JPMCB PetSmart Concord PetSmart 20,087 05/31/26                
26 GACC Plaza Ashland                      
27 GACC Cleveland Towne Center Ross Dress for Less 24,956 01/31/19   Bed Bath & Beyond 23,400 01/31/19   Michaels 21,275 06/30/18
28 GACC Courtyard Marriott Richland                      
29 GACC Grossmont Medical Center  Sharp Hospital 7,020 07/31/22    Borrego Community Health Foundation 5,641 05/31/22    Paul E. Dato, M.D., Inc 5,310 03/14/19
30 JPMCB Horizon Village Movie Tavern 47,955 04/30/22   You Fit Health Club 11,100 09/30/23   Performance Tire and Auto, Inc. 6,587 08/31/26
31 JPMCB WoodSpring Suites Orlando Portfolio                      
31.01 JPMCB Value Place Clermont                      
31.02 JPMCB Value Place Clarcona                      
32 JPMCB Hampton Inn & Suites - Pensacola                      
33 GACC Shopko Billings Shopko 100,800 12/21/36                
34 JPMCB Continental Plaza Gestamp NA Inc. 50,601 01/31/24   Gold Star Law, PC 9,956 12/31/18   Ellis Porter PLC 4,237 11/30/17
35 GACC Crossroads Village Apartments                      

 

A-1-10

 

ANNEX A-1                      

                         
        4th LARGEST TENANT (3), (20), (21), (22)   5th LARGEST TENANT (3), (20), (21), (22)    
                         
            Lease       Lease   Loan
Loan # Seller(1) Property Name   4th Largest Tenant Unit Size Expiration   5th Largest Tenant Unit Size Expiration   Purpose
1 GACC 229 West 43rd Street Retail Condo   Guitar Center Stores, Inc. 28,119 01/31/29   Guy’s American Kitchen 15,670 11/30/32   Refinance
2 GACC 350 Park Avenue   CITCO (USA) Holdings Inc. 22,864 06/30/28   MFA Financial Inc 21,014 06/30/20   Refinance
3 GACC Prudential Plaza   Leydig, Voit & Mayer, Ltd. 66,783 09/30/25   CBS Radio Holdings Corp. 63,453 04/30/28   Refinance
4 JPMCB Hilton Hawaiian Village                   Refinance
5 GACC Key Center Cleveland   Thompson Hine LLP 125,120 09/30/29   Baker Hostetler LLP 115,615 10/31/31   Acquisition
6 GACC Gateway I & II   Duane Reade 8,601 10/31/26   Day Care Council NY 7,580 12/31/20   Refinance
7 JPMCB Landmark Square   Morgan Stanley Smith Barney 23,062 11/30/20   Blaire Corp. 21,840 06/30/25   Refinance
8 JPMCB Dallas Design District   Interior Design Collections, Ltd. 24,651 06/30/26   E.C. Dicken, Inc. 23,083 05/31/20   Refinance
9 JPMCB Moffett Gateway                   Refinance
10 GACC Uovo Art Storage                   Refinance
11 GACC AHIP FL 5 Portfolio                   Acquisition
11.01 GACC Holiday Inn Express Ft Myers East                    
11.02 GACC Staybridge Suites Tampa East Brandon                    
11.03 GACC Holiday Inn Express Sarasota I-75                    
11.04 GACC Fairfield Inn & Suites Orlando Ocoee                    
11.05 GACC Courtyard Tampa North I-75 Fletcher                    
12 GACC 580 Walnut Street   PI Cincinnati LLC 3,843 01/31/25   Sushi Cafe World of Cincinnati 3,621 01/31/20   Refinance
13 JPMCB Delamar Greenwich Harbor                   Refinance
14 JPMCB Summit Mall   Express 8,500 01/31/21   Versona Accessories 8,000 01/31/24   Refinance
15 GACC Park Center Plaza I, II & III   Life Line Screening of America, LTD. 28,297 02/28/19   Regus 26,690 12/31/22   Acquisition
16 GACC Summit Place Wisconsin   Association of Equipment Manufacturers 28,677 03/31/20   Toshiba International Corporation 26,716 12/31/22   Refinance
17 JPMCB Shopko Oregon Portfolio                   Refinance
17.01 JPMCB Shopko Salem                    
17.02 JPMCB Shopko Bend                    
17.03 JPMCB Shopko Eugene                    
18 JPMCB Providence at Memorial                   Refinance
19 GACC Holiday Inn Miami Beach                   Refinance
20 JPMCB Jevan Multifamily Portfolio                   Acquisition
20.01 JPMCB Vida                    
20.02 JPMCB Amor                    
20.03 JPMCB Feliz                    
21 GACC Cupertino Civic Center   Shashi Group 2,350 06/30/19   Golden Arrow Printing 1,860 12/31/17   Acquisition
22 GACC Congressional Place   Law Offices of Wayne Singer 5,727 02/28/18   Diversified Securities Inc. 5,259 04/30/20   Acquisition
23 GACC Trabuco Hills   Rock N’ Road 5,100 12/31/21   Schools First Credit Union 2,500 11/30/21   Refinance
24 GACC Creekview & Country Village Apartments                   Refinance
24.01 GACC Creekview Apartments                    
24.02 GACC Country Village Apartments                    
25 JPMCB Dick’s Sporting Goods Portfolio                   Refinance
25.01 JPMCB Dick’s Keene                    
25.02 JPMCB Dick’s Concord                    
25.03 JPMCB Dick’s Wichita                    
25.04 JPMCB Dick’s Bloomingdale                    
25.05 JPMCB Dick’s Fort Wayne                    
25.06 JPMCB PetSmart Concord                    
26 GACC Plaza Ashland                   Refinance
27 GACC Cleveland Towne Center   Electronic Express 20,421 01/31/22   Books-A-Million 15,516 05/31/19   Acquisition
28 GACC Courtyard Marriott Richland                   Refinance
29 GACC Grossmont Medical Center    Mearl A Naponic 4,475 11/30/18    Sherev Heart and Vascular Clinic 4,227 06/30/23   Refinance
30 JPMCB Horizon Village   Anatolia Café & Hookah Lounge 6,300 10/31/18   Crossroads Treatment Center 3,700 03/31/21   Refinance
31 JPMCB WoodSpring Suites Orlando Portfolio                   Refinance
31.01 JPMCB Value Place Clermont                    
31.02 JPMCB Value Place Clarcona                    
32 JPMCB Hampton Inn & Suites - Pensacola                   Refinance
33 GACC Shopko Billings                   Recapitalization
34 JPMCB Continental Plaza   Edscha Automotive MI 4,224 01/31/24   Lebenbom & Rothman, PC 3,392 09/30/18   Acquisition
35 GACC Crossroads Village Apartments                   Refinance

A-1-11

 

 

ANNEX A-1

           
        Lockbox Lockbox
Loan # Seller(1) Property Name Principal / Carveout Guarantor(23) (Y/N) Type(24)
1 GACC 229 West 43rd Street Retail Condo Jared Kushner Yes Hard
2 GACC 350 Park Avenue Vornado Realty Trust Yes Hard
3 GACC Prudential Plaza Michael Silberberg, Mark Karasick Yes Hard
4 JPMCB Hilton Hawaiian Village Park Intermediate Holdings LLC Yes Hard
5 GACC Key Center Cleveland Frank T. Sinito, Malisse J. Sinito Yes Hard
6 GACC Gateway I & II Joseph J. Sitt Yes Hard
7 JPMCB Landmark Square SL Green Operating Partnership, L.P. Yes Hard
8 JPMCB Dallas Design District Donald Engle, William L. Hutchinson Yes Hard
9 JPMCB Moffett Gateway Joseph K. Paul, Jay Paul Revocable Living Trust Dated November 9, 1999, as Amended and Restated on March 19, 2010, Paul Guarantor LLC Yes Hard
10 GACC Uovo Art Storage Steven J. Guttman Yes Springing
11 GACC AHIP FL 5 Portfolio American Hotel Income Properties REIT Inc. Yes Hard
11.01 GACC Holiday Inn Express Ft Myers East      
11.02 GACC Staybridge Suites Tampa East Brandon      
11.03 GACC Holiday Inn Express Sarasota I-75      
11.04 GACC Fairfield Inn & Suites Orlando Ocoee      
11.05 GACC Courtyard Tampa North I-75 Fletcher      
12 GACC 580 Walnut Street Anthony W. Birkla, David B. Anderson Yes Hard
13 JPMCB Delamar Greenwich Harbor Charles Mallory, James Cabrera Yes Hard
14 JPMCB Summit Mall Simon Property Group, L.P. Yes Hard
15 GACC Park Center Plaza I, II & III Brad Coven, Joseph Greenberg Yes Hard
16 GACC Summit Place Wisconsin Richard G. Carlson, The Richard G. Carlson 1990 Revocable Trust, The Sandra K. Carlson 1990 Revocable Trust, The Brett A. Carlson 2016 Revocable Trust, The Stephanie A. Janssen 2016 Revocable Trust Yes Hard
17 JPMCB Shopko Oregon Portfolio Gordon D. Sondland, James A. Parsons, Gary S. Gilbert Yes Hard
17.01 JPMCB Shopko Salem      
17.02 JPMCB Shopko Bend      
17.03 JPMCB Shopko Eugene      
18 JPMCB Providence at Memorial Swapnil Agarwal Yes Springing
19 GACC Holiday Inn Miami Beach Charles Neiss Yes Springing
20 JPMCB Jevan Multifamily Portfolio David Fisher, Joshua Ungerecht, Warren Thomas Yes Springing
20.01 JPMCB Vida      
20.02 JPMCB Amor      
20.03 JPMCB Feliz      
21 GACC Cupertino Civic Center Cupertino Partners VI Yes Hard
22 GACC Congressional Place National Credit Tenant Investments, LLC Yes Springing
23 GACC Trabuco Hills National Credit Tenant Investments, LLC, Matthew Jung-Yu Chou Yes Springing
24 GACC Creekview & Country Village Apartments Bruce Woodward, James McCabe Yes Soft
24.01 GACC Creekview Apartments      
24.02 GACC Country Village Apartments      
25 JPMCB Dick’s Sporting Goods Portfolio NRFC NNN Holdings, LLC Yes Hard
25.01 JPMCB Dick’s Keene      
25.02 JPMCB Dick’s Concord      
25.03 JPMCB Dick’s Wichita      
25.04 JPMCB Dick’s Bloomingdale      
25.05 JPMCB Dick’s Fort Wayne      
25.06 JPMCB PetSmart Concord      
26 GACC Plaza Ashland William J. Lawson Yes Hard
27 GACC Cleveland Towne Center James Carr, Armando Codina, K. Lawrence Gragg, Blake R. Berg, Mark C. Ibanez Yes Springing
28 GACC Courtyard Marriott Richland William J. Lawson Yes Hard
29 GACC Grossmont Medical Center Mark Hamermesh, Gary Grabel Yes Hard
30 JPMCB Horizon Village Jacob Khotoveli Yes Springing
31 JPMCB WoodSpring Suites Orlando Portfolio Philip A. Cox, Tracy Fleenor Yes Hard
31.01 JPMCB Value Place Clermont      
31.02 JPMCB Value Place Clarcona      
32 JPMCB Hampton Inn & Suites - Pensacola Sumant Patel, Nareshkumar Narsinhbhai, Jatin Bhakta, Bipinchandra K. Bhakta Yes Springing
33 GACC Shopko Billings Wen-Hui Chiang, Philip Chau-Siang Lee, Stephen C. Lee, Diana Loria Yes Hard
34 JPMCB Continental Plaza Leland D. Blatt, Cheryl A. Bradshaw, John A. Blatt Yes Springing
35 GACC Crossroads Village Apartments Jeff A. Gardner Yes Springing

 

A-1-12

 

  

ANNEX A-1

 

        Pari Passu Debt   Additional Debt(24)
      Cash Management(24)   Pari Passu Pari Passu Pari Passu Total Cut-off         Additional  
      Pari Passu Note Control Piece  In Trust Piece Non Trust Date Pari   Addit Debt Addit Debt Additional Debt Cut off Additional Debt
Loan # Seller(1) Property Name (Y/N)(25) (Y/N) Cut-Off Balance Cut-Off Balance Passu Debt   Permitted (Y/N) Exist (Y/N)(26) Debt Type(s) Date Balance Interest Rate
1 GACC 229 West 43rd Street Retail Condo In Place Yes No 80,000,000 205,000,000 285,000,000   No Yes Mezzanine Loan 85,000,000 7.92001
2 GACC 350 Park Avenue Springing Yes No 66,667,200 229,320,800 295,988,000   No Yes Subordinate Debt 104,012,000 3.91513
3 GACC Prudential Plaza In Place Yes No 65,000,000 350,000,000 415,000,000   Yes No Permitted Mezzanine NAP NAP
4 JPMCB Hilton Hawaiian Village Springing Yes No 62,250,000 634,350,000 696,600,000   No Yes Subordinate Debt 578,400,000 4.19950
5 GACC Key Center Cleveland In Place Yes No 60,000,000 160,000,000 220,000,000   No Yes Mezzanine Loan 42,500,000 12.75000
6 GACC Gateway I & II Springing No NAP NAP NAP NAP   No No NAP NAP NAP
7 JPMCB Landmark Square Springing Yes No 49,000,000 51,000,000 100,000,000   Yes No Permitted Mezzanine NAP NAP
8 JPMCB Dallas Design District In Place Yes No 45,000,000 75,000,000 120,000,000   No No NAP NAP NAP
9 JPMCB Moffett Gateway In Place Yes No 40,000,000 203,000,000 243,000,000   No Yes B-Note (102,000,000)/Mezzanine Loan (50,000,000) 152,000,000 5.44408
10 GACC Uovo Art Storage Springing Yes No 36,943,588 49,923,767 86,867,355   No No NAP NAP NAP
11 GACC AHIP FL 5 Portfolio Springing No NAP NAP NAP NAP   No No NAP NAP NAP
11.01 GACC Holiday Inn Express Ft Myers East                        
11.02 GACC Staybridge Suites Tampa East Brandon                        
11.03 GACC Holiday Inn Express Sarasota I-75                        
11.04 GACC Fairfield Inn & Suites Orlando Ocoee                        
11.05 GACC Courtyard Tampa North I-75 Fletcher                        
12 GACC 580 Walnut Street Springing No NAP NAP NAP NAP   No No NAP NAP NAP
13 JPMCB Delamar Greenwich Harbor Springing No NAP NAP NAP NAP   No No NAP NAP NAP
14 JPMCB Summit Mall Springing Yes No 35,000,000 50,000,000 85,000,000   No No NAP NAP NAP
15 GACC Park Center Plaza I, II & III Springing No NAP NAP NAP NAP   No No NAP NAP NAP
16 GACC Summit Place Wisconsin Springing Yes No 32,000,000 40,000,000 72,000,000   No No NAP NAP NAP
17 JPMCB Shopko Oregon Portfolio Springing No NAP NAP NAP NAP   No No NAP NAP NAP
17.01 JPMCB Shopko Salem                        
17.02 JPMCB Shopko Bend                        
17.03 JPMCB Shopko Eugene                        
18 JPMCB Providence at Memorial Springing No NAP NAP NAP NAP   No No NAP NAP NAP
19 GACC Holiday Inn Miami Beach Springing No NAP NAP NAP NAP   No No NAP NAP NAP
20 JPMCB Jevan Multifamily Portfolio Springing No NAP NAP NAP NAP   No No NAP NAP NAP
20.01 JPMCB Vida                        
20.02 JPMCB Amor                        
20.03 JPMCB Feliz                        
21 GACC Cupertino Civic Center Springing No NAP NAP NAP NAP   No No NAP NAP NAP
22 GACC Congressional Place Springing No NAP NAP NAP NAP   Yes No Permitted Mezzanine NAP NAP
23 GACC Trabuco Hills Springing No NAP NAP NAP NAP   Yes No Permitted Mezzanine NAP NAP
24 GACC Creekview & Country Village Apartments Springing No NAP NAP NAP NAP   No No NAP NAP NAP
24.01 GACC Creekview Apartments                        
24.02 GACC Country Village Apartments                        
25 JPMCB Dick’s Sporting Goods Portfolio Springing Yes No 12,930,513 17,903,787 30,834,300   No No NAP NAP NAP
25.01 JPMCB Dick’s Keene                        
25.02 JPMCB Dick’s Concord                        
25.03 JPMCB Dick’s Wichita                        
25.04 JPMCB Dick’s Bloomingdale                        
25.05 JPMCB Dick’s Fort Wayne                        
25.06 JPMCB PetSmart Concord                        
26 GACC Plaza Ashland Springing No NAP NAP NAP NAP   No No NAP NAP NAP
27 GACC Cleveland Towne Center Springing No NAP NAP NAP NAP   No No NAP NAP NAP
28 GACC Courtyard Marriott Richland Springing No NAP NAP NAP NAP   No No NAP NAP NAP
29 GACC Grossmont Medical Center Springing No NAP NAP NAP NAP   No No NAP NAP NAP
30 JPMCB Horizon Village Springing No NAP NAP NAP NAP   No No NAP NAP NAP
31 JPMCB WoodSpring Suites Orlando Portfolio In Place No NAP NAP NAP NAP   Yes No Permitted Mezzanine NAP NAP
31.01 JPMCB Value Place Clermont                        
31.02 JPMCB Value Place Clarcona                        
32 JPMCB Hampton Inn & Suites - Pensacola Springing No NAP NAP NAP NAP   No No NAP NAP NAP
33 GACC Shopko Billings Springing No NAP NAP NAP NAP   No No NAP NAP NAP
34 JPMCB Continental Plaza Springing No NAP NAP NAP NAP   No No NAP NAP NAP
35 GACC Crossroads Village Apartments Springing No NAP NAP NAP NAP   No No NAP NAP NAP

A-1-13

 

 

ANNEX A-1

 

        Total Debt   HOTEL OPERATING STATISTICS
          Total Debt   Total Debt                    
        Total Debt  UW NCF Total Debt  UW NOI   2013 2013 2013 2014 2014 2014 2015 2015 2015
Loan # Seller(1) Property Name   Cut-off Balance DSCR Current LTV % Debt Yield %   Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($)
1 GACC 229 West 43rd Street Retail Condo   370,000,000 1.10 78.7% 5.8%                    
2 GACC 350 Park Avenue   400,000,000 2.21 56.3% 8.9%                    
3 GACC Prudential Plaza   415,000,000 1.33 59.3% 9.1%                    
4 JPMCB Hilton Hawaiian Village   1,275,000,000 2.44 57.2% 10.4%   89.9% 247.48 222.57 90.7% 259.85 235.77 94.4% 240.62 227.20
5 GACC Key Center Cleveland   262,500,000 1.17 72.5% 10.3%                    
6 GACC Gateway I & II   NAP NAP NAP NAP                    
7 JPMCB Landmark Square   100,000,000 2.19 56.9% 12.0%                    
8 JPMCB Dallas Design District   120,000,000 1.28 62.1% 9.4%                    
9 JPMCB Moffett Gateway   395,000,000 1.22 75.2% 7.3%                    
10 GACC Uovo Art Storage   86,867,355 1.55 52.6% 9.8%                    
11 GACC AHIP FL 5 Portfolio   NAP NAP NAP NAP         69.3% 101.87 70.48 74.3% 112.44 83.28
11.01 GACC Holiday Inn Express Ft Myers East     NAP NAP NAP         66.3% 100.69 66.76 73.3% 112.45 82.43
11.02 GACC Staybridge Suites Tampa East Brandon     NAP NAP NAP         69.7% 96.64 67.36 74.6% 105.20 78.48
11.03 GACC Holiday Inn Express Sarasota I-75     NAP NAP NAP         67.4% 109.59 73.86 68.2% 125.18 85.37
11.04 GACC Fairfield Inn & Suites Orlando Ocoee     NAP NAP NAP         78.1% 97.85 76.42 82.5% 108.59 89.58
11.05 GACC Courtyard Tampa North I-75 Fletcher     NAP NAP NAP         66.5% 104.29 69.35 74.6% 109.30 81.54
12 GACC 580 Walnut Street   NAP NAP NAP NAP                    
13 JPMCB Delamar Greenwich Harbor   NAP NAP NAP NAP   67.1% 308.83 207.26 70.6% 310.16 218.84 71.1% 313.20 222.57
14 JPMCB Summit Mall   85,000,000 4.50 41.5% 15.8%                    
15 GACC Park Center Plaza I, II & III   NAP NAP NAP NAP                    
16 GACC Summit Place Wisconsin   72,000,000 1.37 72.7% 9.7%                    
17 JPMCB Shopko Oregon Portfolio   NAP NAP NAP NAP                    
17.01 JPMCB Shopko Salem     NAP NAP NAP                    
17.02 JPMCB Shopko Bend     NAP NAP NAP                    
17.03 JPMCB Shopko Eugene     NAP NAP NAP                    
18 JPMCB Providence at Memorial   NAP NAP NAP NAP                    
19 GACC Holiday Inn Miami Beach   NAP NAP NAP NAP   83.1% 168.93 140.41 83.6% 171.88 143.65 84.4% 170.45 143.90
20 JPMCB Jevan Multifamily Portfolio   NAP NAP NAP NAP                    
20.01 JPMCB Vida     NAP NAP NAP                    
20.02 JPMCB Amor     NAP NAP NAP                    
20.03 JPMCB Feliz     NAP NAP NAP                    
21 GACC Cupertino Civic Center   NAP NAP NAP NAP                    
22 GACC Congressional Place   NAP NAP NAP NAP                    
23 GACC Trabuco Hills   NAP NAP NAP NAP                    
24 GACC Creekview & Country Village Apartments   NAP NAP NAP NAP                    
24.01 GACC Creekview Apartments     NAP NAP NAP                    
24.02 GACC Country Village Apartments     NAP NAP NAP                    
25 JPMCB Dick’s Sporting Goods Portfolio   30,834,300 1.40 70.5% 9.5%                    
25.01 JPMCB Dick’s Keene     1.40 70.5% 9.5%                    
25.02 JPMCB Dick’s Concord     1.40 70.5% 9.5%                    
25.03 JPMCB Dick’s Wichita     1.40 70.5% 9.5%                    
25.04 JPMCB Dick’s Bloomingdale     1.40 70.5% 9.5%                    
25.05 JPMCB Dick’s Fort Wayne     1.40 70.5% 9.5%                    
25.06 JPMCB PetSmart Concord     1.40 70.5% 9.5%                    
26 GACC Plaza Ashland   NAP NAP NAP NAP   54.5% 169.56 92.42 52.1% 176.31 91.79 59.6% 171.69 102.29
27 GACC Cleveland Towne Center   NAP NAP NAP NAP                    
28 GACC Courtyard Marriott Richland   NAP NAP NAP NAP   74.6% 126.37 94.22 77.5% 126.31 97.91 74.1% 129.47 95.90
29 GACC Grossmont Medical Center   NAP NAP NAP NAP                    
30 JPMCB Horizon Village   NAP NAP NAP NAP                    
31 JPMCB WoodSpring Suites Orlando Portfolio   NAP NAP NAP NAP   88.4% 28.66 25.34 87.7% 31.50 27.63 91.2% 35.13 32.04
31.01 JPMCB Value Place Clermont     NAP NAP NAP   88.9% 28.61 25.43 86.0% 31.91 27.46 90.7% 35.89 32.56
31.02 JPMCB Value Place Clarcona     NAP NAP NAP   87.8% 28.73 25.24 89.7% 31.04 27.83 91.7% 34.27 31.43
32 JPMCB Hampton Inn & Suites - Pensacola   NAP NAP NAP NAP               71.7% 121.06 86.83
33 GACC Shopko Billings   NAP NAP NAP NAP                    
34 JPMCB Continental Plaza   NAP NAP NAP NAP                    
35 GACC Crossroads Village Apartments   NAP NAP NAP NAP                    

 

A-1-14

 

 

ANNEX A-1

 

      HOTEL OPERATING STATISTICS
                   
      Most Recent Most Recent Most Recent UW UW UW  
Loan # Seller(1) Property Name Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Loan #
1 GACC 229 West 43rd Street Retail Condo             1
2 GACC 350 Park Avenue             2
3 GACC Prudential Plaza             3
4 JPMCB Hilton Hawaiian Village 94.6% 250.09 236.65 94.6% 250.09 236.65 4
5 GACC Key Center Cleveland             5
6 GACC Gateway I & II             6
7 JPMCB Landmark Square             7
8 JPMCB Dallas Design District             8
9 JPMCB Moffett Gateway             9
10 GACC Uovo Art Storage             10
11 GACC AHIP FL 5 Portfolio 74.1% 114.72 84.79 72.5% 109.68 79.40 11
11.01 GACC Holiday Inn Express Ft Myers East 75.0% 114.70 85.97 71.5% 109.29 78.15 11.01
11.02 GACC Staybridge Suites Tampa East Brandon 74.7% 107.31 80.16 73.0% 103.05 75.23 11.02
11.03 GACC Holiday Inn Express Sarasota I-75 65.4% 122.96 80.40 67.0% 119.24 79.89 11.03
11.04 GACC Fairfield Inn & Suites Orlando Ocoee 80.6% 114.76 92.54 80.4% 107.07 86.09 11.04
11.05 GACC Courtyard Tampa North I-75 Fletcher 76.3% 113.61 86.68 72.5% 109.06 79.04 11.05
12 GACC 580 Walnut Street             12
13 JPMCB Delamar Greenwich Harbor 72.7% 323.02 234.70 72.7% 323.02 234.70 13
14 JPMCB Summit Mall             14
15 GACC Park Center Plaza I, II & III             15
16 GACC Summit Place Wisconsin             16
17 JPMCB Shopko Oregon Portfolio             17
17.01 JPMCB Shopko Salem             17.01
17.02 JPMCB Shopko Bend             17.02
17.03 JPMCB Shopko Eugene             17.03
18 JPMCB Providence at Memorial             18
19 GACC Holiday Inn Miami Beach 81.5% 160.68 130.94 81.5% 160.68 130.94 19
20 JPMCB Jevan Multifamily Portfolio             20
20.01 JPMCB Vida             20.01
20.02 JPMCB Amor             20.02
20.03 JPMCB Feliz             20.03
21 GACC Cupertino Civic Center             21
22 GACC Congressional Place             22
23 GACC Trabuco Hills             23
24 GACC Creekview & Country Village Apartments             24
24.01 GACC Creekview Apartments             24.01
24.02 GACC Country Village Apartments             24.02
25 JPMCB Dick’s Sporting Goods Portfolio             25
25.01 JPMCB Dick’s Keene             25.01
25.02 JPMCB Dick’s Concord             25.02
25.03 JPMCB Dick’s Wichita             25.03
25.04 JPMCB Dick’s Bloomingdale             25.04
25.05 JPMCB Dick’s Fort Wayne             25.05
25.06 JPMCB PetSmart Concord             25.06
26 GACC Plaza Ashland 63.0% 166.59 104.95 58.2% 171.53 99.85 26
27 GACC Cleveland Towne Center             27
28 GACC Courtyard Marriott Richland 69.8% 133.51 93.26 69.8% 133.52 93.26 28
29 GACC Grossmont Medical Center             29
30 JPMCB Horizon Village             30
31 JPMCB WoodSpring Suites Orlando Portfolio 87.7% 42.77 37.51 87.7% 42.77 37.51 31
31.01 JPMCB Value Place Clermont 87.2% 43.39 37.83 87.2% 43.39 37.83 31.01
31.02 JPMCB Value Place Clarcona 88.3% 42.08 37.15 88.3% 42.08 37.15 31.02
32 JPMCB Hampton Inn & Suites - Pensacola 81.2% 121.70 98.80 81.2% 121.70 98.80 32
33 GACC Shopko Billings             33
34 JPMCB Continental Plaza             34
35 GACC Crossroads Village Apartments             35

 

A-1-15

 

 

 

JPMDB Commercial Mortgage Securities 2017-C5
Footnotes to Annex A-1

 

(1) “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; and “GACC” denotes German American Capital Corporation, as Mortgage Loan Seller.
   
  With respect to Loan No. 2, 350 Park Avenue, the 350 Park Avenue Whole Loan (as defined below) was co-originated by DBNY and Goldman Sachs Mortgage Company.
   
  With the exception of loan No. 3, Prudential Plaza, which was originated by GACC, all of the loans for which GACC is the Mortgage Loan Seller were originated or co-originated by Deutsche Bank AG, New York Branch (“DBNY”).
   
  With respect to Loan No. 4, Hilton Hawaiian Village, the Hilton Hawaiian Village Whole Loan (as defined below) was co-originated by JPMCB, DBNY, Goldman Sachs Mortgage Company, Barclays Bank PLC and Morgan Stanley Bank, N.A.
   
  With respect to Loan No. 5, Key Center Cleveland, the Key Center Cleveland Whole Loan (as defined below) was co-originated by DBNY, Citi Real Estate Funding Inc. and Bank of America, N.A.
   
(2) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
   
  With respect to Loan No. 4, Hilton Hawaiian Village, the mortgaged property includes 14 hotel units and 26 commercial units of a condominium. The remaining units in the condominium consist of six time share units, which are owned by third parties and not part of collateral for the mortgage loan. The borrower controls the related board of directors for the association and is responsible for maintaining the common areas of the condominium.
   
  With respect to Loan No. 5, Key Center Cleveland, Units represents only the office portion of the mortgaged property. Collateral for the mortgage loan also includes a 400-room hotel and 982 space parking garage.
   
  With respect to Loan No. 10, Uovo Art Storage, Units is based on the gross building area of 275,000 square feet between the two buildings. The private storage units total 164,812 square feet and the managed storage units total 162,793 cubic feet.
   
  With respect to Loan No. 11, AHIP FL 5 Portfolio, the mortgaged property identified as Holiday Inn Express Sarasota I-75 is one of four units in a land development condominium and comprises the full parcel of land on which the hotel, parking, and landscaping are located. The related borrower does not control the condominium.
   
  With respect to Loan No. 12, 580 Walnut Street, the mortgaged property consists of the commercial components of a six unit commercial and residential condominium. The residential and commercial components of the condominium each have 50% control over the entire condominium, both with respect to the Board of Directors as well as any voting.
   
  With respect to Loan No. 14, Summit Mall, Macy’s ground leases its premises from the borrower through October 2020 and pays annual ground rent of $146,367.
   
  With respect to Loan No. 25.01, the mortgaged property identified as Dick’s Sporting Goods Portfolio—Dick’s Keene consists of one of 15 total units in a fractured condominium regime (constituting approximately 7.143% of the condominium regime). The borrower does not control the related condominium association; however, no amendment may alter the rights of, or impose greater obligation on, any unit owner without the consent of such unit owner and its mortgagee.
   
(3) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.
   
  With respect to Loan No. 1, 229 West 43rd Street Retail Condo, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the 2nd Largest Tenant, National Geographic, for which the tenant has executed a lease but has yet to take occupancy at the property or commenced paying rent. National Geographic, which leases

 

A-1-16

 

 

  approximately 23.8% of the net rentable area, took possession of its leased space in October 2016 and is expected to open for business in August 2017. The tenant is in a free rent period through September 2016, and the related rent was reserved with lender at loan origination.
   
  With respect to Loan No. 2, 350 Park Avenue, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the 4th Largest Tenant, CITCO (USA) Holdings Inc. (“CITCO Holdings”), for which the tenant has executed a lease for 8,039 square feet but has yet to take occupancy at the property or commence paying rent. The 8,039 square feet is currently occupied by Peconic Partners LLC, which is expected to vacate in August 2017. CITCO Holdings is expected to take occupancy and begin paying rent in November 2017. In addition to the newly leased 8,039 square feet, CITCO Holdings directly leases 14,825 square feet and subleases an additional 20,038 square feet. Additionally, occupancy% excludes Valley National Bank (2,720 square feet) which is dark but paying rent. At loan origination, the borrower reserved $1,413,328 for free rent associated with CITCO Holdings as well as other tenants at the 350 Park Avenue property not shown on the Annex A-1.
   
  With respect to Loan No. 3, Prudential Plaza, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) includes three tenants that have executed leases but have not taken occupancy at the property or commenced paying rent. The Largest Tenant, Wilson Sporting Goods Co., has entered into a lease to occupy 87,386 square feet, which will commence in January 2018. Wilson Sporting Goods Co. has rent abatement periods on the first month of each year during the term of the lease. The 2nd Largest Tenant, Optiver US LLC, currently occupies approximately 73,779 square feet at the mortgaged property. Optiver US LLC has entered into a lease to occupy an additional approximately 25,000 square feet, which will commence in May 2017. Optiver US LLC is entitled to a rent abatement from May 2017 to October 2017 on the additional premises and from May 2018 to September 2018 on the existing premises. The first two months of the six-month free rent period in 2017 have been reserved for; however, the remaining four months of such free rent period in 2017, the free rent period in 2018, and the gap period prior to the lease commencement date for such additional Optiver US LLC space, have not been reserved for. The 3rd Largest Tenant, Clark Hill, has entered into a lease to occupy 71,813 square feet, which commenced in January 2017. Clark Hill has a rent abatement period from January 2017 to July 2017 which has not been reserved for. The 5th Largest Tenant, CBS Radio Holdings Corp., has a rent abatement period from May 2018 to December 2019 which has not been reserved for.
   
  With respect to Loan No. 4, Hilton Hawaiian Village, approximately 18.4% of UW Revenues ($) is attributable to the food and beverage outlets at the mortgaged property and approximately 5.1% of UW Revenues ($) is attributable to the retail component of the mortgaged property.
   
  With respect to Loan No. 5, Key Center Cleveland, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the 3rd Largest Tenant, Forest City, for which the tenant has executed a lease but has yet to take occupancy at the property or commenced paying rent. Forest City has entered into a lease to occupy 147,795 square feet, which is expected to commence in April 2018. The borrower provided a letter of credit with respect to all free rent through March 2018 and all planned leasing costs associated with Forest City’s lease were reserved at loan origination. In addition, approximately 61.3% of UW Revenues ($) is attributable to the office portion of the mortgaged property, approximately 32.8% of UW Revenues ($) is attributable to the hotel portion of the mortgaged property and approximately 5.9% of UW Revenues ($) is attributable to the parking garage at the mortgaged property.
   
  With respect to Loan No. 6, Gateway I & II, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the 2nd Largest Tenant, Modells, for which the tenant has executed a lease but has not yet commenced paying rent. Modells entered into a lease to occupy 16,363 square feet, which commenced in January 2017. Modells has taken possession of its space and is anticipated to open in the fall of 2017. Modells is in a free rent period until September 2017. At loan origination, $733,333 was escrowed to a free rent reserve to cover Modells free rent period until September 2017.
   
  With respect to Loan No. 8, Dallas Design District, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include three tenants, Janus et Cie, Interior Specifics LLC and Codarus, which have executed leases but have not yet taken occupancy or commenced paying rent.
   
  With respect to Loan No. 9, Moffett Gateway, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the sole tenant, Google, which has executed two leases but not yet taken occupancy or commenced paying rent under either lease. Google leases the mortgaged property under two separate leases: (1) 1225 Crossman Avenue (“Building One”) and (2) 1265 Crossman Avenue (“Building Two”). According to the loan sponsor, Google is expected to take occupancy of both spaces in September 2017 and will commence paying

 

A-1-17

 

 

  rent under each lease as follows: Building One in July 2018 and Building Two in July 2017. In addition, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using the average rent of the sole tenant, Google, over the term of the related leases inclusive of the free rent reserve.
   
  With respect to Loan No. 10, Uovo Art Storage, Occupancy% is based on the January 10, 2017 rent roll, and represents the occupancy percentage for the private storage space (measured in square feet). The managed storage space is measured in cubic feet and as of the January 10, 2017 rent roll is 48.2% leased.
   
  With respect to Loan No. 12, 580 Walnut Street, approximately 22.8% of UW Revenues ($) is attributable to the parking garage at the mortgaged property.
   
  With respect to Loan No. 29, Grossmont Medical Center, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the Largest Tenant, Sharp Hospital, for which the tenant has executed a lease to occupy 7,020 square feet but has yet to take occupancy at the property or commence paying rent. Sharp Hospital is expected to take occupancy in August 2017. The lender reserved all free rent and planned leasing costs associated with Sharp Hospital’s lease at loan origination.
   
(4) With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV% and the Maturity LTV% are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
   
  With respect to Loan No. 1, 229 West 43rd Street Retail Condo, the Appraised Value ($) represents the “Hypothetical As-Is” appraised value of $470.0 million as of October 1, 2016. The “Hypothetical Market As-Is” appraised value reflects a credit for the approximately $25.6 million of contractual free rent and TI/LC obligations reserved at loan origination. Based on the “As-Is” appraised value of $445.0 million as of October 1, 2016, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 64.0% and 64.0%, respectively.
   
  With respect to Loan No. 5, Key Center Cleveland, the Appraised Value ($) represents the “As Complete” appraised value of $362.0 million as of December 1, 2017. The “As Complete” appraised value assumes the completion of all budgeted CapEx and PIP work at the property. At loan origination, $18,271,556 and $4,652,415 was reserved by the lender for CapEx and PIP work, respectively. Based on the “As-Is” appraised value of $298.35 million as of December 1, 2016, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 73.7% and 60.2%, respectively. In addition, $1,991,429 is held in an FF&E reserve account held by Marriott Hotel Services, Inc. as the hotel manager for planned capital improvements for the hotel portion of the property.
   
  With respect to Loan No. 9, Moffett Gateway, the Appraised Value ($) represents the “Hypothetical Value As-Stabilized” value of $525,000,000, which assumes that all tenant improvement construction is complete and all contractual free rent obligations have burned off as of the stabilized value date of July 20, 2016. At origination, the borrower was required to reserve $43,642,904 into the Upfront Other Reserve ($) for outstanding tenant improvements, $5,743,978 for outstanding leasing commissions and $37,575,033 for outstanding free rent. The “as-is” value as of July 20, 2016 was $430,000,000, which results in a Current LTV% and Maturity LTV% of 56.5% and 48.0%, respectively.
   
  With respect to Loan No. 11, AHIP FL 5 Portfolio, the Appraised Value ($) represents the “As Complete” appraised value of $61.6 million as of November 1, 2017. The “As Complete” appraised value assumes the completion of the franchise required PIP at the mortgaged properties. At loan origination, $7,874,700 was reserved for the completion of the franchise required PIP. Based on the “As-Is” appraised value of $53.4 million as of November 1, 2016, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 69.0% and 56.9%, respectively.
   
  With respect to Loan No. 12, 580 Walnut Street, the Appraised Value ($) represents the “As Complete” appraised value of $51.75 million as of April 1, 2017. The “As Complete” appraised value assumes (i) the completion of the $2,330,975 in landlord obligations that were reserved for at loan origination, (ii) a commercial and retail occupancy of 95.0% and 90.0%, respectively, (iii) vacancy loss of 5.0% and (iv) credit loss of 0.5%. Based on the “As-Is” appraised value of $50.0 million as of November 10, 2016, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 70.9% and 57.9%, respectively.

 

A-1-18

 

 

(5) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($) and Maturity Balance ($) are allocated to the respective mortgaged property based on the respective mortgage loan documents, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(6) With respect to Loan No. 1, 229 West 43rd Street Retail Condo, the mortgage loan is part of a whole loan with an original principal balance of $285,000,000 (the “229 West 43rd Street Retail Condo Whole Loan”) which is comprised of nine pari passu components (Note A-1, Note A-2, Note A-3, Note A-4-A, Note A-4-B, Note A-5, Note A-6, Note A-7 and Note A-8). Note A-2 and Note A-3 have an aggregate outstanding principal balance as of the Cut-off Date of $80,000,000 and are being contributed to the JPMDB 2017-C5 Trust. Note A-1 and Note A-6 have an aggregate outstanding principal balance as of the Cut-off Date of $75,000,000 and were contributed to the CD 2016-CD2 trust. Note A-4-B, Note A-5, Note A-7 and Note A-8 have an aggregate outstanding principal balance as of the Cut-off Date of $100,000,000 and were contributed to the CD 2017-CD3 trust. Note A-4-A has an outstanding principal balance as of the Cut-off Date of $30,000,000 and is held by Citigroup Global Markets Realty Corp. or an affiliate and is expected to be contributed to a future securitization trust. All loan level metrics are based on the 229 West 43rd Street Retail Condo Whole Loan balance.
   
  With respect to Loan No. 2, 350 Park Avenue, the mortgage loan is part of a whole loan with an original principal balance of $400,000,000 (the “350 Park Avenue Whole Loan”) which is comprised of four pari passu senior components (Note A-1, Note A-2, Note A-3 and Note A-4) and two subordinate companion loans (Note B-1 and Note B-2). Note A-4 has an outstanding principal balance as of the Cut-off Date of $66,667,200 and is being contributed to the JPMDB 2017-C5 Trust. The pari passu senior Notes A-1 and A-3 and the two subordinate companion loans, Notes B-1 and B-2 have an aggregate outstanding principal balance as of the Cut-off Date of $233,332,000 and were contributed to the VNDO 2016-350P trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $100,000,800 and is held by Goldman Sachs Mortgage Company or an affiliate, and is expected to be contributed to a future securitization trust. All loan level metrics are based on the 350 Park Avenue Whole Loan balance excluding the subordinate companion loans.
   
  With respect to Loan No. 3, Prudential Plaza, the mortgage loan is part of a whole loan with an original principal balance of $415,000,000 (the “Prudential Plaza Whole Loan”) which is comprised of eight pari passu components (Note A-1, Note A-2-1, Note A-3-1, Note A-2-2, Note A-3-2, Note A-3-3, Note A-4-1 and Note A-4-2). Note A-4-2 has an outstanding principal balance as of the Cut-off Date of $65,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $115,000,000 and was contributed to the COMM 2015-CCRE26 trust. Note A-2-1 has an outstanding principal balance as of the Cut-off Date of $50,000,000 and was contributed to the CD 2016-CD1 trust. Note A-2-2 and Note A-3-3 have an aggregate outstanding principal balance as of the Cut-off Date of $75,000,000 and were contributed to the CD 2016-CD2 trust. Note A-3-1 has an outstanding principal balance as of the Cut-off Date of $40,000,000 and was contributed to the COMM 2016-COR1 trust. Note A-3-2 and Note A-4-1 have an aggregate outstanding principal balance as of the Cut-off Date of $70,000,000 and were contributed to the CD 2017-CD3 trust. All loan level metrics are based on the Prudential Plaza Whole Loan balance.
   
  With respect to Loan No. 4, Hilton Hawaiian Village, the mortgage loan is part of a whole loan with an original principal balance of $1,275,000,000 (the “Hilton Hawaiian Village Whole Loan”), which is comprised of 16 pari passu components (Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note A-2-A-1, Note A-2-A-2, Note A-2-A-3, Note A-2-A-4, Note A-2-B-1, Note A-2-B-2, Note A-2-B-3, Note A-2-D-1, Note A-2-D-2, Note A-2-E-1 and Note A-2-E-2) and five subordinate companion loans (Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5). Note A-2-A-3 and Note A-2-A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $62,250,000 and are being contributed to the JPMDB 2017-C5 Trust. Notes A-2-A-1, A-2-A-2, A-2-B-1, A-2-D-1, A-2-D-2, A-2-E-1, A-2-E-2 and A-2-B-3, with an aggregate principal balance as of the Cut-off Date of $406,125,000, have been contributed to other securitization trusts. Notes A-1-A, A-1-B, A-1-C, A-1-D and A-1-E, with an aggregate outstanding principal balance as of the Cut-off Date of $171,600,000, and the subordinate companion loans with an aggregate outstanding principal balance as of the Cut-off Date of $578,400,000, were contributed to a private securitization trust. The remaining pari passu component has an outstanding principal balance as of the Cut-off Date of $56,625,000, is held by DBNY and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Hilton Hawaiian Village Whole Loan balance excluding the subordinate companion loan.

 

A-1-19

 

 

  With respect to Loan No. 5, Key Center Cleveland, the mortgage loan is part of a whole loan with an original principal balance of $220,000,000 (the “Key Center Cleveland Whole Loan”) which is comprised of six pari passu components (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6). Note A-3 and Note A-6 have an outstanding principal balance as of the Cut-off Date of $60,000,000 and are being contributed to the JPMDB 2017-C5 Trust. Note A-1 and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $80,000,000 and are held by Citigroup Global Markets Realty Corp. or an affiliate, and are expected to be contributed to one or more future securitization trusts. Note A-2 and Note A-5 have an aggregate outstanding principal balance as of the Cut-off Date of $80,000,000 and are held by Bank of America, N.A. or an affiliate and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Key Center Cleveland Whole Loan balance.
   
  With respect to Loan No. 7, Landmark Square, the mortgage loan is part of a whole loan with an original principal balance of $100,000,000 (the “Landmark Square Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $49,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $51,000,000 and is expected to be contributed to the JPMCC 2017-JP5 trust. All loan level metrics are based on the Landmark Square Whole Loan balance.
   
  With respect to Loan No. 8, Dallas Design District, the mortgage loan is part of a whole loan with an original principal balance of $120,000,000 (the “Dallas Design District Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $45,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $75,000,000 and is expected to be contributed to the JPMCC 2017-JP5 trust. All loan level metrics are based on the Dallas Design District Whole Loan balance.
   
  With respect to Loan No. 9, Moffett Gateway, the mortgage loan is part of a whole loan with an original principal balance of $345,000,000 (the “Moffett Gateway Whole Loan”) which is comprised of five pari passu components (Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5) and one subordinate companion loan (Note B-1). Note A-3 has an aggregate outstanding principal balance as of the Cut-off Date of $40,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $80,000,000 and is expected to be contributed to the JPMCC 2017-JP5 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $60,000,000 and was contributed to the JPMCC 2016-JP4 Trust. Note A-5 has an outstanding principal balance as of the Cut-off Date of $43,000,000 and was contributed to the JPMDB 2016-C4 Trust. Note A-4 has an outstanding principal balance as of the Cut-off Date of $20,000,000 and is expected to be contributed to one or more future securitization trusts. Note B-1 has an outstanding balance as of the Cut-off Date of $102,000,000 and was sold to a third-party investor. All loan level metrics are based on the Moffett Gateway Whole Loan balance excluding the subordinate companion loan.
   
  With respect to Loan No. 10, Uovo Art Storage, the mortgage loan is part of a whole loan with an original principal balance of $87,000,000 (the “Uovo Art Storage Whole Loan”) which is comprised of four pari passu components (Note A-1, Note A-2, Note A-3 and Note A-4). Note A-2 and Note A-3 have an aggregate outstanding principal balance as of the Cut-off Date of approximately $37,000,000 and are being contributed to the JPMDB 2017-C5 Trust. Note A-1 and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of approximately $50,000,000 and are held by DBNY and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Uovo Art Storage Whole Loan balance.
   
  With respect to Loan No. 14, Summit Mall, the mortgage loan is part of a whole loan with an original principal balance of $85,000,000 (the “Summit Mall Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $35,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $50,000,000 and was contributed to the JPMCC 2016-JP4 Trust. All loan level metrics are based on the Summit Mall Whole Loan balance.
   
  With respect to Loan No. 16, Summit Place Wisconsin, the mortgage loan is part of a whole loan with an original principal balance of $72,000,000 (the “Summit Place Wisconsin Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $32,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $40,000,000 and was contributed to the CD 2017-CD3 trust. All loan level metrics are based on the Summit Place Wisconsin Whole Loan balance.

 

A-1-20

 

 

  With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, the mortgage loan is part of a whole loan with an original principal balance of $31,000,000 (the “Dick’s Sporting Goods Portfolio Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A2). Note A-2 has an outstanding principal balance as of the Cut-off Date of approximately $13,000,000 and is being contributed to the JPMDB 2017-C5 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of approximately $18,000,000 and was contributed to the JPMCC 2016-JP4 Trust. All loan level metrics are based on the Dick’s Sporting Goods Portfolio Whole Loan balance.
   
(7) Each number identifies a group of related borrowers.
   
  With respect to Loan Nos. 1, 22, 23 and 30, 229 West 43rd Street Retail Condo, Congressional Place, Trabuco Hills and Horizon Village, the borrowers own the property as tenants-in-common.
   
  With respect to Loan No. 8, Dallas Design District, two of the borrowers own the majority of the mortgaged property as tenants-in-common. The third borrower, 1500 Dragon Dunhill LLC, owns the fee interest to its parcel located at 1500 Dragon, Dallas, Texas.
   
(8) For each mortgage loan, the Net Mortgage Fee Rate equals the excess of the related Interest Rate% over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee%”).
   
(9) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12 of the product of (i) the Original Balance ($), (ii) the Interest Rate% and (iii) 365/360.
   
(10) With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.
   
  With respect to Loan No. 9, Moffett Gateway, the Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal payment schedule set forth on Annex G to this Preliminary Prospectus. As such, the Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this principal payment schedule and a fixed interest rate of 3.319403%.
   
(11) With respect to Loan No. 18, Providence at Memorial, the first payment date for the loan is May 1, 2017. On the Closing Date, JPMCB will deposit sufficient funds to pay the interest associated with the interest due for the April 2017 payment for the related loan. Seasoning, Prepayment Provision (Payments), First Payment Date, Remaining Term and IO-Period are inclusive of the additional April 2017 interest-only payment funded by JPMCB on the Closing Date.
   
(12)

The “L” component of the prepayment provision represents lockout payments.

The “Def” component of the prepayment provision represents defeasance payments.

The “YM” component of the prepayment provision represents yield maintenance payments.

  The “O” Component of the prepayment provision represents the free payments including the Maturity Date.
   
  With respect to Loan No. 1, 229 West 43rd Street Retail Condo, the lockout period will be at least 28 payments beginning with and including the first payment on December 6, 2016. Defeasance of the full $285.0 million 229 West 43rd Street Retail Condo Whole Loan is permitted after the date that is the earlier of (i) October 13, 2019 and (ii) the date that is two years from the closing date of the securitization that includes the note to be last securitized. The assumed lockout period is based on the expected JPMDB 2017-C5 securitization closing date in March 2017. The actual lockout period may be longer.
   
  With respect to Loan No. 4, Hilton Hawaiian Village, the lockout period will be at least 28 payments beginning with and including the first payment on December 1, 2016. Defeasance of the full $1,275,000,000 Hilton Hawaiian Village Whole Loan is permitted after the earlier to occur of (i) May 1, 2019 and (ii) the date that is two years from the closing date of the securitization that includes the last note to be securitized (the earlier of (i) and (ii), the “Hilton Hawaiian Village Defeasance Date”). Following the expiration of the Hilton Hawaiian Village Defeasance Date, the borrower is also permitted to prepay the Hilton Hawaiian Village Whole Loan (in whole but not in part)

 

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  with the payment of a yield maintenance premium. The assumed lockout period is based on the expected JPMDB 2017-C5 securitization closing date in March 2017. The actual lockout period may be longer.
   
  With respect to Loan No. 5, Key Center Cleveland, the lockout period will be at least 25 payments beginning with and including the first payment on March 6, 2017. Defeasance of the full $220.0 million Key Center Cleveland Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) July 31, 2020. The assumed lockout period of 25 payments is based on the expected JPMDB 2017-C5 securitization closing date in March 2017. The actual lockout period may be longer.
   
  With respect to Loan No. 9, Moffett Gateway, the lockout period will be at least 29 payments beginning with and including the first payment on November 1, 2016. Defeasance of the full $345.0 million Moffett Gateway Whole Loan is permitted after the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Moffett Gateway Defeasance Date”). If the Moffett Gateway Defeasance Date has not occurred by November 1, 2020, the borrower is permitted to prepay the Moffett Gateway Whole Loan (in whole but not in part) with the payment of a yield maintenance premium. The assumed lockout period is based on the expected JPMDB 2017-C5 securitization closing date in March 2017.The actual lockout period may be longer.
   
  With respect to Loan No. 10, Uovo Art Storage, the lockout period will be at least 25 payments beginning with and including the first payment on March 6, 2017. Defeasance of the full $87.0 million Uovo Art Storage Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) February 2, 2020. The assumed lockout period of 25 payments is based on the expected JPMDB 2017-C5 securitization closing date in March 2017. The actual lockout period may be longer.
   
(13) With respect to some mortgage loans, historical financial information may not be available due to when the properties were constructed and/or acquired.
   
  With respect to Loan No. 1, 229 West 43rd Street Retail Condo, limited historical financial information is available as the sponsor acquired the property in October 2015. Most Recent Revenues ($), Most Recent Total Expenses ($) and Most Recent NOI ($) are based on the trailing ten-month period ending August 31, 2016, annualized.
   
  With respect to Loan No. 6, Gateway I & II, limited historical financial information is available as the sponsor acquired the property in June 2016. Most Recent Revenues ($), Most Recent Total Expenses ($) and Most Recent NOI ($) are based on the trailing five-month period ending October 31, 2016, annualized.
   
  With respect to Loan No. 9, Moffett Gateway, limited historical financial information is available as the mortgaged property was constructed in 2016.
   
  With respect to Loan No 10, Uovo Art Storage, limited historical financial information is available as the mortgaged property was constructed between 2014 and 2015.
   
  With respect to Loan No.12, 580 Walnut Street, limited historical financial information is available as the sponsor acquired the property in 2013.
   
  With respect to Loan No. 18, Providence at Memorial, limited historical financial information is available as the sponsor acquired the property in July 2015. 2015 Revenues ($), 2015 Total Expenses ($) and 2015 NOI ($) are based on the trailing five-month period ending December 31, 2015, annualized.
   
  With respect to Loan No. 20, Jevan Multifamily Portfolio, limited historical financial information is available as the mortgaged properties were acquired in connection with the origination of the mortgage loan.
   
  With respect to Loan No. 27, Cleveland Towne Center, limited historical financial information is available as the mortgaged properties were acquired in connection with the origination of the mortgage loan.
   
  With respect to Loan No. 32, Hampton Inn & Suites – Pensacola, limited historical financial information is available as the mortgaged property was constructed in 2014.
   
  With respect to Loan No. 33, Shopko Billings, limited historical financial information is available as the sponsor acquired the property in 2016.

 

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(14) With respect to all JPMCB hotel properties, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.
   
(15) The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.
   
  With respect to Loan No. 9, Moffett Gateway, UW NOI DSCR and UW NCF DSCR were calculated based on the sum of the first 12 payments after the expiration of the interest-only period based on the assumed principal payment schedule set forth on Annex G to this Preliminary Prospectus.
   
(16) With respect to Loan No. 4, Hilton Hawaiian Village, the borrowers hold a leasehold interest with respect to 5,900 square feet of the mortgaged property, and, except as noted in the footnote below, the remainder of the mortgaged property is owned by the borrower in fee simple.
   
  With respect to Loan Nos. 4, 11 and 13, Hilton Hawaiian Village, AHIP FL 5 Portfolio and Delamar Greenwich Harbor, the respective borrowers have pledged both the fee interest in the mortgaged property held by the borrower which owns the mortgaged property (“Owner Borrower”) as well as the leasehold interest of the related borrower which is the operating lessee of the property (“Lessee Borrower”) under an operating lease between Owner Borrower and Lessee Borrower.
   
  With respect to Loan No. 5, Key Center Cleveland, the City of Cleveland, Ohio owns the land beneath the parking lot and leases it to the borrower through 2059 with one 34-year extension through 2093 (“Parking Ground Lease”). The parking manager reserves at least 45% of the spaces for transient parking and hotel guests and the remainder are leased on a monthly basis. Minimum base rent paid to the city under the Parking Ground Lease is $60,000 per year provided that if the revenue exceeds certain breakpoints (based on the percentage of parking space leased on a monthly basis), percentage rent will also be payable.
   
  With respect to Loan No. 7, Landmark Square, a portion of the mortgaged property consisting of 1 Landmark Square is a leasehold interest in an air rights parcel owned by the borrower which expires February 28, 2082.
   
  With respect to Loan No. 8, Dallas Design District, a portion of the mortgaged property located at 1621 Oak Lawn, Dallas, Texas, is a leasehold interest owned by two of the borrowers under a ground lease, which expires December 20, 2051.
   
  With respect to Loan No. 16, Summit Place Wisconsin, the Mortgage Loan has three borrowers, one of which (the “Summit Place Wisconsin Fee Borrower”) owns all of the Mortgaged Property, except a parking parcel, in fee, and ground leases the parking parcel. The parking parcel is owned by a second borrower, which ground leases the parking parcel to the Summit Place Wisconsin Fee Borrower, which in turn has assigned a portion of its ground leasehold interest in the parking parcel to a third borrower. All three borrowers’ interests secure the Mortgage Loan.
   
(17) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.
   
  With respect to Loan No. 5, Key Center Cleveland, at origination, the borrowers were permitted to deliver two letters of credit in the aggregate amount of $5,175,296 from KeyBank National Association to cover gap rent payable in connection with the recently executed Forest City and Millennia leases in lieu of a cash deposit.
   
  With respect to Loan No. 6, Gateway I & II, the borrower reserved $3,750,000 at origination of the mortgage loan for a Holdback Reserve that will be released to the borrower once, among other conditions, (i) the property achieves a debt yield of at least 7.3%, (ii) Modells is in occupancy, open for business and paying full unabated rent (or, alternatively sufficient funds have been retained in the holdback reserve to account for all remaining scheduled free rent periods or rent abatements under the Modells lease) with all tenant improvements or other landlord obligations required to be performed or paid by lender under such lease having been completed.
   
  With respect to Loan No. 7, Landmark Square, so long as the Principal / Carve-out Guarantor or an affiliate maintains a long term, unsecured debt rating of “BBB-” (or its equivalent) from each of Moody’s and Fitch or has total assets in excess of $500.0 million and maintains a net worth of at least $250.0 million (in each case, exclusive of any interest in the mortgaged property), the borrower may deliver a partial payment guaranty from such entity in lieu of the borrower’s requirement to make the following deposits: (i) the deposits into the Upfront

 

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  TI/LC Reserve ($) in the amount of $2,500,000; (ii) the deposits into the Upfront Other Reserve ($) for free rent and outstanding tenant improvements and leasing commissions in the aggregate amount of $3,746,483; and (iii) the deposits into the Upfront CapEx Reserve ($) in the amount of $17,053. The amount of this partial payment guaranty is required to be equal to the lesser of (A) the amount that would be contained in each reserve if not for the delivery of the partial payment guaranty and (B) the then outstanding principal balance of the Whole Loan. The borrower is also permitted to deliver a letter of credit in an amount required by the loan documents, or a combination of a partial payment guaranty and letter of credit, in lieu of such deposits. The Principal / Carve-out Guarantor delivered the partial payment guaranty referenced above at origination of the mortgage loan in lieu of making such deposits.
   
  With respect to Loan No. 14, Summit Mall, Upfront Other Reserve ($) does not include a $413,507 guaranty from the loan sponsor for outstanding tenant improvements. Since origination, the outstanding tenant improvements have been paid and the guaranty has been released to the borrower.
   
  With respect to Loan No. 19, Holiday Inn Miami Beach, the borrower is performing PIP work at the property based on a draft PIP as to which the remaining PIP items are estimated to cost approximately $1,591,200. At origination the borrower deposited $3,795,000 into a PIP Reserve to cover the costs of the PIP work currently underway at the related property. Provided no event of default is continuing and each of the franchise satisfaction conditions outlined in the loan agreement have been satisfied, if, the borrower has (i) provided evidence reasonably acceptable to the lender that the PIP has been finalized, which PIP includes a finalized schedule for the completion of the PIP work, and (ii) provided to the lender sufficient information to determine, in the lender’s reasonable discretion, the amount required to complete the PIP work (the “PIP Deposit Amount”), and the lender determines that the amount of the PIP funds in the PIP reserve account exceed the PIP Deposit Amount (the “Excess PIP Deposit”), the Excess PIP Deposit will be released to the borrower.
   
  With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, the borrowers were required at origination to deposit $22,218 into the Upfront RE Tax Reserve ($) for taxes for the Dick’s Concord and PetSmart properties. The borrowers were not required to deposit any other tax reserves at origination with respect to any other mortgaged property.
   
  With respect to Loan No. 34, Continental Plaza, the Upfront Other Reserve ($) consists of a reserve for rents from the mortgaged property that have been paid more than one month in advance. Provided no Event of Default has occurred and is then continuing, on each payment date in March 2017 through November 2017, the lender is required to disburse an amount equal to approximately $13,897 to the borrower (if no cash sweep period has occurred and is continuing) or to the cash management account (if a cash sweep period has occurred and is continuing).
   
(18) Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.
   
  With respect to Loan No. 2, 350 Park Avenue, on each due date during the continuance of a Ziff Reserve Period (as defined herein) (unless in the case of a Ziff Reserve Period, funds in the Ziff reserve account equal or exceed the Ziff Reserve Cap (as defined herein)), the related loan documents require the borrower to deposit into the Ziff reserve account all excess cash flow after payment of debt service, required reserves and operating expenses. A “Ziff Reserve Period” is a period commencing on the due date in October 2019 if the lease with Ziff Brothers Investments, L.L.C. has not been renewed and generally terminating upon (a) the borrower’s entering into a lease renewal or replacement leases meeting certain conditions contained in the loan documents or the trailing 12-month debt yield as of the end of the most recent fiscal quarter is at least 7.25% and (b) the amount in the applicable reserve account being at least equal to the lesser of (x) the remaining unpaid actual out-of-pocket tenant allowance and tenant improvement costs, leasing commissions and other expenses in respect of such lease renewal or replacement leases and (y) $85.46 multiplied by the aggregate amount of leasable square feet in the space demised under a lease renewal or replacement leases in accordance with the loan documents minus all actual out-of-pocket tenant allowance and tenant improvement costs, leasing commissions and other expenses previously disbursed in respect of such lease renewal or replacement leases.

 

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  With respect to Loan No. 4, Hilton Hawaiian Village, the borrower is required to deposit into the Monthly CapEx Reserve ($), on a monthly basis to fund the cost of replacements, an amount equal to the greater of (i) the aggregate amount of all deposits for replacements required to be deposited pursuant to any franchise or management agreement or (ii) 4.0% of gross income from operations for the two calendar months prior to the date on which the borrower is required to make such deposit. To the extent no event of default exists, the loan documents provide that the borrower will receive a credit against each monthly deposit on a dollar for dollar basis to the extent the borrower makes deposits into a similar reserve or if such amounts otherwise accounted for pursuant to the working capital peg balance held in either operating account. In addition, the Monthly RE Tax Reserve ($) and Monthly Ins. Reserve ($) are waived to the extent there is no cash sweep period continuing under the loan documents or to the extent the borrower reserve such funds with the manager or the manager pay such taxes and insurance premiums in accordance with the management agreement. The management agreement currently requires the borrower to make monthly deposits of amounts accounting for the Monthly RE Tax Reserve ($), Monthly Ins. Reserve ($) and the Monthly CapEx Reserve ($).
   
  With respect to Loan No. 5, Key Center Cleveland, on a monthly basis the borrower is required to deposit into the Monthly CapEx Reserve ($), an amount equal to 1/12 of 5.0% (or if Marriott Corporation or an affiliate is the hotel manager, 4.0%) of gross hotel revenues unless (a) Marriott Corporation or an affiliate thereof is the hotel manager, (b) the borrower is required to reserve with the hotel manager an amount not less than the FF&E payment required under the Key Center Loan documents, and (c) no event of default is continuing. In addition, in the event that a property improvement plan (“PIP”) is required pursuant to the applicable hotel management agreement, on a monthly basis the borrower will be required to deposit into the Monthly Other Reserve ($), all excess cash flow, until an amount equal to 110% of the costs of such a PIP (exclusive of any portion of the PIP which is duplicative of any of the approved FF&E that has already been reserved for) has been deposited into the PIP reserve account.
   
  With respect to Loan No. 7, Landmark Square, so long as the Principal / Carve-out Guarantor or an affiliate of the borrower maintains a long term unsecured debt rating of “BBB-” (or its equivalent) from each of Moody’s and Fitch or has total assets in excess of $500.0 million and maintains a net worth of at least $250.0 million (in each case, exclusive of any interest in the mortgaged property), the borrower may deliver a partial payment guaranty from such entity in lieu of the borrower’s requirement to make (i) the deposits into the Monthly TI/LC Reserve ($) and (ii) the deposits into the Monthly CapEx Reserve ($). The amount of this partial payment guaranty is required to be equal to the lesser of (A) the amount that would be contained in each reserve if not for the delivery of the partial payment guaranty and (B) the then outstanding principal balance of the Landmark Square Whole Loan. The borrower is also permitted to deliver a letter of credit in an amount required by the loan documents, or a combination of a partial payment guaranty and letter of credit, in lieu of such deposits. The Principal / Carve-out Guarantor delivered the partial payment guaranty referenced above at origination of the mortgage loan in lieu of making such deposits.
   
  With respect to Loan No. 11, AHIP FL 5 Portfolio, beginning with the monthly payment date in December 2018, the borrowers are required to deposit the greater of (i) 1/12 of an amount equal to 4.0% of annual gross revenues for each hotel estimated in the borrowers’ approved annual budget for the year in which such payment date occurs and (ii) the then-current amount required by the franchise agreement for FF&E work. In lieu of depositing such amounts, the borrowers may elect to deliver to the lender a letter of credit on a monthly payment date with a term of not less than 12 months and for a stated amount of not less than the total amount of 4.0% of the gross revenues from the hotel for the 12 calendar months preceding the date such letter of credit is provided to lender. Additionally, upon the occurrence and during the continuance of a Trigger Period (as defined below), the borrowers are required to deposit with the lender, on each monthly payment date, an amount equal to 1/12 of the condominium assessments that the lender estimates will be payable during the next ensuing 12 months. A “Trigger Period” will commence upon the occurrence of (i) an event of default or (ii) the debt service coverage ratio, based on underwritten net cash flow, falling below 1.25x at the end of any calendar quarter and will end upon, (a) with respect to clause (i) above, a cure of such event of default has been accepted by the lender or (b) with respect to clause (ii) above, the portfolio achieving a debt service coverage ratio of at least 1.30x for two consecutive calendar quarters.
   
  With respect to Loan No. 12, 580 Walnut Street, from and after the date the condominium board imposes assessments, the borrower will be required to deposit on a monthly basis an amount equal to the monthly amount as set forth in the approved budget for such assessments.

 

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  With respect to Loan No. 14, Summit Mall, the Monthly RE Tax Reserve ($) is waived until the occurrence of certain events set forth in the loan documents. The Monthly RE Tax Reserve ($) will commence upon (a) the occurrence and continuing of an event of default, (b) the date the debt service coverage ratio, based on the trailing four calendar quarters, falls below 2.00x for two consecutive calendar quarters (a “DSCR Trigger Event”), (c) the date (i) Macy’s closes, ceases operation, goes dark, vacates or abandons its leased space on or prior to September 7, 2017 and (ii) the DSCR based on the trailing four calendar quarters falls below 3.00x (a “Macy’s Trigger Event”), (d) the date two or more of Macy’s, Dillards North and Dillards South close, ceases operation, go dark, vacate or abandon the space (“Anchor Trigger Event”) as permitted by the lenders and (e) a period when less than 70.0% of the gross leasable square footage of in-line space is subject to a lease or other occupancy agreement with the loan sponsor (“Occupancy Trigger Event”), (the period during which any of (a) through (e) occurs, along with any bankruptcy action of the borrower or any affiliated property manager in accordance with the loan documents, is a “Lockbox Event Period”) or (f) the borrower’s failure to (i) pay all taxes prior to the assessment of any late payment penalty and the date that such taxes become delinquent or (ii) provide the lender with satisfactory evidence of the tax payment. In addition, the Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($) are waived provided that there is no Lockbox Event Period continuing. Following the occurrence and during the continuance of a Lockbox Event Period, the borrower is required to deposit $8,804 into the Monthly CapEx Reserve ($) for replacement reserves and $19,494 into the Monthly TI/LC Reserve ($) for tenant improvements and leasing commissions.
   
  With respect to Loan No. 17, Shopko Oregon Portfolio, the loan documents provide that the deposits into the Monthly RE Tax Reserve ($) and the Monthly Ins. Reserve ($) are waived to the extent the sole tenant at the related mortgaged property is paying such taxes and insurance premiums, among other conditions. The loan documents also require that the Monthly CapEx Reserve ($) and the Monthly TI/LC Reserve ($) be reduced by a pro rata amount if any individual mortgaged property is released from its mortgage. In addition, the loan documents require the borrower to deposit $16,666.67, on a monthly basis as additional collateral for the loan, into the Monthly Other Reserve ($). The deposits made into the Monthly TI/LC Reserve ($) and the monthly payments for additional collateral reserve fund made into the Monthly Other Reserve ($) are waived provided that no event of default has occurred and is continuing, if (i) the leases with Shopko (or any replacement tenant leasing 50% of more of the gross leasable area of the applicable property) are renewed for a term of at least five years, among other conditions, with respect to all three of the individual mortgaged properties and (ii) the aggregate amount of gross annual rent payable under the renewed leases is not less than $3,700,000.

With respect to Loan No. 19, Holiday Inn Miami Beach, until such time that a replacement franchise agreement has been signed in accordance with conditions set forth in the loan agreement, the borrower will be required to deposit on a monthly basis an amount equal to the greater of (i) 4.0% of the prior month’s gross revenues at the related property and (ii) the then-current amount required by the franchise agreement. Following the execution of a replacement franchise agreement in accordance with the conditions set forth in the loan agreement, monthly deposits into the FF&E reserve account will be waived so long as the related property maintains a debt yield of at least 12.0%.

With respect to Loan No. 21, Cupertino Civic Center, upon satisfactory completion of the elevator modernization work, as outlined in the loan agreement, the borrower may request that deposits into the monthly capital expenditure reserve be reduced to $1,051 and the related cap be reduced to $25,224.
   
 

With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, the deposits into the Monthly RE Tax Reserve ($) and Monthly Ins. Reserve ($) are waived to the extent (a) not even of default has occurred and is continuing, (b) Dick’s Sporting Goods, PetSmart or any replacement tenant(s) is required by the terms of its lease to pay all taxes or insurance premiums, as applicable, with respect to such individual mortgaged property and (c) such tenant(s) actually pays such taxes and insurance premiums, as applicable, in full prior to the due date and provides written evidence of such payment, (d) the borrowers have provided written evidence reasonably acceptable to lender that all such taxes or insurance premium, as applicable, for such individual mortgaged property have been paid in full prior to the due date, and (e) the applicable lease for such individual property is in full force and effect. The Monthly CapEx Reserve ($) is waived with respect to any individual property so long as (a) no event of default has occurred and is continuing and (b) the borrower provides the lender with evidence that Dick’s Sporting Goods, PetSmart and/or any replacement tenant(s) is obligated to perform all required replacements at such individual property in accordance with the terms of its lease. In addition, the loan documents require the borrower to deposit all termination fees paid by any tenants into the Monthly TI/LC Reserve ($), as well as all excess cash flow after the occurrence of a cash sweep period caused either by (i) two or more individual mortgaged properties being dark (other than a temporary cessation of operations for purposes of performing renovations or alterations, or as a result of fire, casualty or other event of force majeure), (ii) the

 

A-1-26

 

 

  related tenant at the Dick’s Keene and/or Dick’s Concord fails to renew the applicable lease prior to the date that is six months prior to the expiration date of such lease or (iii) unless the borrower has re-leased such properties in accordance with the loan documents and, following such renewals, the amount in the Monthly TI/LC Reserve ($) is less than $600,000. To the extent there is a cash sweep period caused by the failure to renew any ground lease at a property that is ground leased by the related borrower, all excess cash flow will be swept into the Monthly Other Reserve ($) for ground rent.

With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, if any individual property is released from its mortgage, then the Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($) shall be reduced per annum by an amount equal to the amount of the Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($), respectively, that was being collected by lender with respect to such individual property.
   
  With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, the Dick’s Wichita and Dick’s Fort Wayne mortgaged properties are excluded from the Monthly CapEx Reserve ($).

With respect to Loan No. 27, Cleveland Towne Center, deposits into the Monthly TI/LC Reserve ($) will be waived through and including the monthly payment date in January 2018. Beginning with the monthly payment date in February 2018, the borrower will be required to deposit an amount equal to $12,500 into the Monthly TI/LC Reserve ($).

With respect to Loan No. 29, Grossmont Medical Center, on each monthly payment date through and including February 6, 2020, the borrower will be required to deposit an amount equal to $8,765 into the Monthly TI/LC Reserve ($), and on each remaining monthly payment date thereafter, an amount equal to $11,687.

With respect to Loan No. 30, Horizon Village, the loan documents permit the borrowers to deposit the amount of any free rent credit due from the borrowers into the Monthly Other Reserve ($) in connection with satisfying the requirements in the loan documents for renewing or replacing the lease of the Largest Tenant, Movie Tavern.

With respect to Loan No. 34, Continental Plaza, the loan documents require that the borrower deposit all rent that has been paid more than one month in advance into the Monthly Other Reserve ($). Each deposit is required to be accompanied by a disbursement schedule (or an update to a previously provided disbursement schedule) that lists the tenant(s) and calendar month(s) to which such deposit applies and an officer’s certificate confirming that such schedule is correct, accurate and complete in all respects. Provided no Event of Default has occurred and is then continuing, the lender is required to disburse an amount in accordance with the disbursement schedule to the borrower (if no cash sweep period has occurred and is continuing) or to the cash management account (if a cash sweep period has occurred and is continuing).
   
(19) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

With respect to Loan No. 2, 350 Park Avenue, deposits into the Ziff reserve account are capped at an amount equal to the sum of (x) the product of (a) $85.46, multiplied by (b) the aggregate amount of leasable square feet in the space that has not been demised under a lease renewal or replacement leases in accordance with the loan documents, plus (y) the lesser of (a) the remaining unpaid actual out-of-pocket tenant allowance and tenant improvement costs, leasing commissions and other expenses in respect of such lease renewal or replacement leases and (b) $85.46 multiplied by the aggregate amount of leasable square feet in the space demised under a lease renewal or replacement leases in accordance with the loan documents minus all actual out-of-pocket tenant allowance and tenant improvement costs, leasing commissions and other expenses previously disbursed in respect of such lease renewals or replacement leases, provided, that in no event may the Ziff Reserve Cap exceed $25,000,000.

With respect to Loan No. 15, Park Center Plaza I, II & III, on March 1, 2021, if each of the United States of America – Department of Veterans Affairs, Traveler’s Indemnity Company and CBIZ, Inc. has irrevocably exercised its renewal or extension option (or otherwise enters into an extension agreement acceptable to the lender that provides for at least a five year extension term) with respect to all of its leased space in accordance with the loan documents, and the base rent due under such lease is no less than 90% of the base rent due immediately prior to expiration and (ii) the debt service coverage ratio is no less than 1.50x, any funds then on deposit in the Monthly TI/LC Reserve ($) in excess of $2,500,000 (including the initial deposit) are required to be released to the borrower.  

 

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  With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, if, on August 31, 2024, (i) no event of default or any bankruptcy action with respect to the borrower exists and (ii) amounts on deposit in the Monthly TI/LC Reserve ($) exceed $1,000,000 (the “August 2024 Rollover Reserve Cap”), then the lender is required to make a one-time disbursement equal to the amount then in the Monthly TI/LC Reserve ($) that exceeds the August 2024 Rollover Reserve Cap to an account designated by the borrower on the next monthly debt service payment date. In the event excess cash flow is required to be deposited into the Monthly TI/LC Reserve ($) as described in footnote 18 above, the loan documents provide for caps on the amount of excess cash that will be deposited into the reserve. With respect to a cash sweep period caused by two or more individual mortgaged properties being dark, the cap is $2.00 per square foot of gross leasable area with respect to each mortgaged property that is dark. With respect to a cash sweep period caused by the related tenant at the Dick’s Keene and/or Dick’s Concord failing to renew the applicable lease prior to the date that is six months prior to the expiration date of such lease, the cap is $400,000 (or $900,000, if the borrower has replaced the leases in accordance with the loan documents and the amount of funds on reserve in the Monthly TI/LC Reserve ($) is less than $600,000).

With respect to Loan No. 27, Cleveland Towne Center, deposits to the Monthly TI/LC Reserve ($) will be capped at $300,000 from the origination date through and including December 31, 2020. Beginning on January 1, 2021, the monthly TI/LC reserve will be capped at $600,000 unless the anticipated expiration date of the then-current term of each initial lease (or initial lease replacement, as applicable) extends beyond January 1, 2026, in which case the cap remains at $300,000 for the remainder of the loan term.
   
  With respect to Loan No. 30, Horizon Village, the loan documents provide that the TI/LC Reserve Cap ($) will be $485,005 at any time prior to the date that (i) the Largest Tenant, Movie Tavern, has renewed or extended its lease in accordance with the loan documents or (ii) the borrowers have entered into one or more replacement leases for the space leased by Movie Tavern in accordance with the loan documents, and upon satisfaction of either of the foregoing conditions, the TI/LC Reserve Cap ($) will be $291,003. Provided (i) no cash sweep period has occurred and is continuing, and (ii) the borrowers satisfy either (i) or (ii) above, amounts in excess of the reduced TI/LC Reserve Cap ($) will be disbursed to the borrowers.

With respect to Loan No. 32, Hampton Inn & Suites – Pensacola, provided no event of default has occurred and is continuing, if there are insufficient amounts on deposit in the PIP subaccount for completing any PIP, the borrower may request that up to 50% of the funds in the Upfront Capex Reserve ($) and Monthly CapEx Reserve ($) for FF&E be transferred to the reserve for the PIP in accordance with the loan documents.
   
(20) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property.
   
(21) In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

With respect to Loan No. 6, Gateway I & II, the Largest Tenant, New York State Chapter of The Arc (“NYSARC”), leases 13,133 square feet of space at the Mortgaged Property scheduled to expire on October 31, 2019 and 24,151 square feet of space scheduled to expire on October 31, 2029.

With respect to Loan No. 12, 580 Walnut, the 3rd Largest Tenant, Starbucks, leases 3,463 square feet of office space scheduled to expire in December 31, 2021 and 2,144 square feet of retail space scheduled to expire in April 2025.

With respect to Loan No. 16, Summit Place Wisconsin, the 2nd Largest Tenant, Children’s Hospital and Health System, Inc., currently leases 132,362 square feet at the Mortgaged Property comprised of: (i) 3,290 square feet expiring in May 2019, (ii) 2,655 square feet expiring in August 2019, (iii) 31,204 square feet expiring in December 2019, (iv) 3,549 SF expiring in June 2020 and (v) 91,664 square feet expiring in July 2026.
   
(22) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In some instances, a tenant may have the option to abate or reduce its rent or terminate its leased space prior to the stated lease expiration date if certain co-tenancy provisions are not satisfied. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

 

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  With respect to Loan No. 2, 350 Park Avenue, the Largest Tenant, Ziff Brothers Investments, L.L.C., currently subleases 158,847 SF (approximately 55.3% of NRA) to seven tenants pursuant to subleases which expire on March 31, 2021.

With respect to Loan No. 3, Prudential Plaza, the Largest Tenant, Wilson Sporting Goods Co., has a one-time right to terminate its lease on December 31, 2026, by providing at least 15 months’ prior written notice and the payment of a termination fee equal to the unamortized leasing costs amortized at a rate of 8% per year. The 3rd Largest Tenant, Clark Hill, has a right to terminate its lease on December 31, 2026, upon at least 15 months’ prior written notice, subject to a termination fee equal to then unamortized leasing costs associated with the Clark Hill lease amortized at a rate of 8% per year.
   
  With respect to Loan No. 5, Key Center Cleveland, the Largest Tenant, KeyBank National Association, has an ongoing option, beginning in July 2020, to contract its space by up to 103,000 square feet; provided that each exercise of a contraction option may not exceed 44,000 square feet, and following each exercise of a contraction option, KeyBank may not exercise another contraction option for a period of three years following such exercise. Each exercise of such termination option requires twelve-months’ notice and payment of a termination fee. In addition, the 3rd Largest Tenant, Forest City, has the one-time option to contract its space by not less than one-half and not more than one full floor on March 31, 2023 upon 12 months prior notice. The 4th Largest Tenant, Thompson Hine LLP, has the one-time option to contract its space by not more than a full floor of either (i) any single, non-contiguous floor leased by it or (ii) the highest or lowest full floor of any contiguous block of floors leased by it, which contraction may be effective, at the tenant’s option, either on October 1, 2023 or October 1, 2025. Such option is exercisable upon written notice no later than 12 months prior to the applicable contraction date, and payment of a fee equal to unamortized tenant improvement allowances and leasing commissions that were paid with respect to the contraction space.

With respect to Loan No. 7, Landmark Square, the Largest Tenant, Cummings & Lockwood has the right to contract its leased space by 5,000-10,000 square feet as of April 30, 2021, with 12 months’ notice and the payment of a contraction fee. The 3rd Largest Tenant, Finn Dixon & Herling, has a one-time right to terminate 3,240 square feet of its 26,385 total square feet as of January 1, 2023 with 18 months’ written notice. The 4th Largest Tenant, Morgan Stanley Smith Barney, has a one-time right to terminate its lease as of August 23, 2019 with 12 months’ written notice and the payment of a termination fee.

With respect to Loan No. 8, Dallas Design District, the 3rd Largest Tenant, David Sutherland, Inc., has the right to terminate its lease on June 1, 2018, with notice on or prior to June 1, 2017 and the payment of a termination fee.
   
  With respect to Loan No. 12, 580 Walnut Street, the 3rd Largest Tenant, Starbucks, has the right to terminate the retail portion of its lease in April 2020 with at least 180 days’ notice and payment of a termination fee equal to unamortized leasing commissions and tenant improvement allowance.

With respect to Loan No. 14, Summit Mall, the 3rd Largest Tenant, Gap, the 4th Largest Tenant, Express, and the 5th Largest Tenant, Versona Accessories, among other tenants, each have the right to reduce their rent and/or terminate their lease if occupancy levels decrease below certain thresholds according to their individual co-tenancy clauses. In addition, Versona Accessories has the right to terminate its lease if its adjusted gross sales (as defined in the lease) do not exceed $2,000,000 during the sixth lease year (November 1, 2017 through October 31, 2018), with 90 days’ notice and the payment of a termination fee of $400,000.

With respect to Loan No. 15, Park Center Plaza I, II & III, the 3rd Largest Tenant, Travelers Indemnity Company, has the right to terminate its lease with respect to 10,081 square feet of its leased space, effective December 31, 2017 upon at least nine months’ prior notice and payment of a termination fee equal to $8.44 per square foot of surrendered space.
   
  With respect to Loan No. 16, Summit Place Wisconsin, the Largest Tenant, Brookdale Senior Living, has a single termination option on April 30, 2019 which requires 12 months’ prior written notice and payment of a termination fee equal to the unamortized balance of the pro rata portion of the abated rent for the period starting January 1, 2013 through April 30, 2014, together with interest charged at 8% as well as the unamortized tenant improvements, brokerage fees and other leasing costs. In addition, Brookdale Senior Living has the one-time option to reduce its leased premises by up to 30,000 square feet at any time until January 31, 2018 upon 12 months’ prior written notice and the payment of a termination fee. The 2nd Largest Tenant, Children’s Hospital and Health System, Inc., representing approximately 19.9% of the net rentable square footage, can terminate (i) up to 15,661 square feet as of July 31, 2019, (ii) up to 42,479

 

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  square feet on July 31, 2021 and (iii) up to 91,664 square feet on July 31, 2023, upon twelve months’ notice and payment of a termination fee equal to the unamortized balance of the pro-rata share of the tenant improvements.
   
  With respect to Loan No. 21, Cupertino Civic Center, the 4th Largest Tenant, Shashi Group, has the right to terminate its lease effective June 30, 2018 with no less than 180 days’ written notice and payment of a termination fee of $28,795.

With respect to Loan No. 22, Congressional Place, the Largest Tenant, Morgan Stanley, has the right to terminate its lease effective December 31, 2020 with 180 days’ prior written notice and payment of a termination fee of $171,660.

With respect to Loan Nos. 25.02, 25.04 and 25.06, Dick’s Concord, Dick’s Bloomingdale and PetSmart Concord, the sole tenants at the mortgaged properties, Dick’s Sporting Goods and PetSmart, respectively, have the right to reduce their rent and/or terminate their leases if the individual co-tenancy provisions in their related leases are breached or violated.

With respect to Loan No. 34, Continental Plaza, the 2nd Largest Tenant, Gold Star Law, PC, subleases 2,211 square feet to United American Payroll LLC.
   
(23) In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes.

With respect to Loan No. 1, 229 West 43rd Street Retail Condo, see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations.”

With respect to Loan No. 2, 350 Park Avenue, there is no nonrecourse carve-out guarantor.

With respect to Loan No. 4, Hilton Hawaiian Village, the aggregate liability of the Principal / Carveout Guarantor with respect to all full recourse carveouts in the loan documents may not exceed an amount equal to 10% of the principal balance of the Hilton Hawaiian Village Whole Loan outstanding at the time of the occurrence of such event, plus any and all reasonable third-party collection costs actually incurred by the lender (including reasonable attorneys’ fees and costs reasonably incurred). In addition, the Principal / Carveout Guarantor is not a party to the environmental indemnity, and the borrowers are the sole parties liable for any breaches or violations of the indemnity. In lieu of the Principal / Carveout Guarantor signing the indemnity, the borrowers were required to obtain an environmental insurance policy in accordance with the loan documents.

With respect to Loan No. 8, Dallas Design District, the aggregate liability of one of the Principal / Carve-out Guarantor, Donald Engle, with respect to all nonrecourse carve-out provisions in the loan documents is limited to only breaches or violations of the nonrecourse carve-outs related to the tenant-in-common borrower owned by such Principal / Carve-out Guarantor, and Donald Engle is not a party to the environmental indemnity. The other Principal / Carve-out Guarantor, William L. Hutchinson, has signed the environmental indemnity and is responsible for any violation or breach of the nonrecourse carve-out provisions.
   
  With respect to Loan No. 9, Moffett Gateway, the borrower is permitted to obtain the release of Joseph K. Paul and Jay Paul Revocable Living Trust Dated November 9, 1999, as Amended and Restated on March 19, 2010, on certain terms and conditions in the loan documents, which include, without limitation (i) no event of default has occurred and is then continuing, (ii) such release is permitted by then applicable REMIC requirements and (iii) Paul Guarantor LLC has a net worth of not less than $300,000,000 and liquidity of not less than $20,000,000.

With respect to Loan No. 14, Summit Mall, the obligations and liabilities of the Principal / Carveout Guarantor are capped at $17,000,000 under the nonrecourse carveout guaranty, plus all reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the guaranty or the preservations of the lender’s rights under the guaranty.
   
  With respect to Loan No. 23, Trabuco Hills, there is a guarantor related to each tenant-in-common borrower. National Credit Tenant Investments, LLC (“NCTI Guarantor”) is the guarantor with respect to any acts by the NCTI Guarantor, the Pacific Trabuco Power Center II, LLC borrower, or any affiliate of the foregoing and any mezzanine loan borrower.  Matthew Jung-Yu Chou (“Chou Guarantor”) is the guarantor with respect to all acts of either tenant-in-common borrower, except that with respect to bankruptcy related full recourse carveouts, the Chou Guarantor is liable only for the acts of the Pacific Castle Properties II, LLC borrower or an affiliate thereof and any related mezzanine loan borrower.

 

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  With respect to Loan No. 25, Dick’s Sporting Goods Portfolio, the Principal / Carveout Guarantor will not have liability under the environmental indemnity to the extent the borrower maintains an environmental insurance policy in accordance with the loan documents.
   
(24) The classification of the lockbox and cash management types is described in the preliminary prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.
   
(25) With respect to Loan No. 5, Key Center Cleveland, the Key Center Cleveland Whole Loan will be serviced pursuant to the JPMDB 2017-C5 Pooling and Servicing Agreement until such time that the controlling pari passu companion loan is securitized, at which point the Key Center Cleveland Whole Loan will be serviced under the related pooling and servicing agreement. The initial controlling noteholder is CGMRC, or an affiliate, as holder of the related controlling pari passu companion loan.

With respect to Loan No. 10, Uovo Art Storage, the Uovo Art Storage Whole Loan will be serviced under the JPMDB 2017-C5 Pooling and Servicing Agreement until such time that the controlling pari passu companion loan is securitized, at which point the Uovo Art Storage Whole Loan will be serviced under the related pooling and servicing agreement. The initial controlling noteholder is DBNY, or an affiliate, as holder of the related controlling pari passu companion loan.
   
(26) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 14, Summit Mall, the loan documents permit the borrower to enter into a Property Assessed Clean Energy (PACE) loan that is repaid through multi-year assessments against the mortgaged property in an amount not to exceed $5,000,000, subject to the lender’s consent (which may not be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation.

 

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