FWP 1 n1245_anxa1-x4.htm FREE WRITING PROSPECTUS

  FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-14
 

     
  Free Writing Prospectus dated May 18, 2018  
     
  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 Annex 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in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.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 Marina Heights State Farm 300-600 East Rio Salado Parkway Tempe AZ 85281 Maricopa 1 Office Suburban 2015-2017   2,031,293
  2 SMF VI 1875 Atlantic Avenue 1875 Atlantic Avenue Brooklyn NY 11233 Kings 1 Multifamily Mid-Rise 2018   118
  3 JPMCB Atlantic Times Square 500 North Atlantic Boulevard Monterey Park CA 91754 Los Angeles 1 Mixed Use Retail/Multifamily 2010   379,376
  4 JPMCB Embassy Suites Glendale 800 North Central Avenue Glendale CA 91203 Los Angeles 1 Hotel Full Service 2008 2017 272
  5 GACC Sheraton Hotel Arlington 1500 Convention Center Drive Arlington TX 76011 Tarrant 1 Hotel Full Service 1985 2016 311
  6 SMF VI Southland Shopping Center 600 Clairton Boulevard Pittsburgh PA 15236 Allegheny 1 Retail Anchored 1955 2018 260,862
  7 BSP The Metropolitan at Wilton Manors 1220 Northeast 24th Street Wilton Manors FL 33305 Broward 1 Multifamily Mid-Rise 2016   179
  8 GACC DreamWorks Campus 1000 Flower Street Glendale CA 91201 Los Angeles 1 Office Suburban 1997 2010 497,404
  9 JPMCB Meridian Corporate Center Various Durham NC 27713 Durham 10 Office Suburban Various   691,705
  9.01 JPMCB 2520 Meridian Parkway 2520 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1997   115,283
  9.02 JPMCB 2525 Meridian Parkway 2525 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1985   99,332
  9.03 JPMCB 2605 Meridian Parkway 2605 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1995   74,071
  9.04 JPMCB 2810 Meridian Parkway 2810 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1986   100,878
  9.05 JPMCB 2510 Meridian Parkway 2510 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1990   64,454
  9.06 JPMCB 2600 Meridian Parkway 2600 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1998   65,599
  9.07 JPMCB 2700 Meridian Parkway 2700 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1997   51,637
  9.08 JPMCB 2800 Meridian Parkway 2800 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1997   51,066
  9.09 JPMCB 2505 Meridian Parkway 2505 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1989   42,705
  9.10 JPMCB 2500 Meridian Parkway 2500 Meridian Parkway Durham NC 27713 Durham 1 Office Suburban 1991   26,680
  10 GACC Steelyard Commons 3447 Steelyard Drive Cleveland OH 44109 Cuyahoga 1 Retail Anchored 2007-2014   265,386
  11 BSP Constitution Plaza 1, 10, 100, 248, 250 & 260 Constitution Plaza Hartford CT 06103 Hartford 1 Office CBD 1962-1963 2004 659,315
  12 JPMCB U-Haul AREC 27 Portfolio Various Various Various Various Various 8 Self Storage Self Storage Various Various 4,445
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear 1126 North Citrus Road Goodyear AZ 85338 Maricopa 1 Self Storage Self Storage 2015   1,056
  12.02 JPMCB U-Haul Moving & Storage Of New Center 899 West Baltimore Street Detroit MI 48202 Wayne 1 Self Storage Self Storage 1920 2013 843
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland 2290 South Delsea Drive Vineland NJ 08360 Cumberland 1 Self Storage Self Storage 1990   550
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road 2189 Eakin Road Columbus OH 43223 Franklin 1 Self Storage Self Storage 2000 2014 494
  12.05 JPMCB U-Haul Storage At Sharon Lane 211 Sharon Lane Lake Charles LA 70615 Calcasieu 1 Self Storage Self Storage 1980   548
  12.06 JPMCB U-Haul Storage Of Scranton 210 South 7th Avenue Scranton PA 18505 Lackawanna 1 Self Storage Self Storage 1986   265
  12.07 JPMCB U-Haul Moving & Storage Of Prattville 1221 South Memorial Drive Prattville AL 36067 Autauga 1 Self Storage Self Storage 2008   302
  12.08 JPMCB U-Haul Moving & Storage Of Nampa 2112 Caldwell Boulevard Nampa ID 83651 Canyon 1 Self Storage Self Storage 1978, 2016   387
  13 SMF VI Northwest Business Center 1335 & 1337-1351 Capital Circle Southeast and 2130, 2150, 2152, 2242, 2244, 2252, 2256, 2260, 2270 & 2275 Northwest Parkway Southeast Marietta GA 30067 Cobb 1 Industrial Flex 1982-1988   470,971
  14 SMF VI Texas Hotel Portfolio Various Various TX Various Various 2 Hotel Various Various Various 327
  14.01 SMF VI Holiday Inn & Suites Beaumont 3950 Interstate 10 South Beaumont TX 77705 Jefferson 1 Hotel Full Service 1984 2016 253
  14.02 SMF VI Holiday Inn Express Van Horn 1805 Southeast Frontage Road Van Horn TX 79855 Culberson 1 Hotel Limited Service 2016   74
  15 BSP Troy Hotel Portfolio Various Troy MI 48083 Oakland 2 Hotel Various 2016   177
  15.01 BSP TownePlace Suites by Marriott Troy 325 Stephenson Highway Troy MI 48083 Oakland 1 Hotel Extended Stay 2016   87
  15.02 BSP Fairfield Inn & Suites by Marriott Troy 225 Stephenson Highway Troy MI 48083 Oakland 1 Hotel Limited Service 2016   90
  16 JPMCB Twelve Oaks Mall 27500 Novi Road Novi MI 48377 Oakland 1 Retail Super Regional Mall 1977 2007 716,771
  17 JPMCB Lakewood Forest Plaza 21147 State Highway 249 Houston TX 77070 Harris 1 Retail Anchored 1984 2011 108,016
  18 SMF VI 5805 Sepulveda Boulevard 5805 Sepulveda Boulevard Sherman Oaks CA 91411 Los Angeles 1 Office Suburban 1990   87,691
  19 GACC Lehigh Valley Mall 250 Lehigh Valley Mall Whitehall PA 18052 Lehigh 1 Retail Super Regional Mall 1976 2006 545,233
  20 SMF VI 800 South Barranca 800 South Barranca Avenue Covina CA 91723 Los Angeles 1 Office Suburban 1981 2007 89,937
  21 JPMCB The Market at Cross Creek Ranch FM 1463 and Fulshear Bend Drive Fulshear TX 77494 Fort Bend 1 Retail Shadow Anchored 2018   41,160
  22 GACC Weslaco Shopping Center 1901 West Expressway 83 Weslaco TX 78596 Hidalgo 1 Retail Anchored 1996 2005 141,335
  23 JPMCB Guardian Self Storage 2-Pack Various Various PA Various Various 2 Self Storage Self Storage Various Various 1,262
  23.01 JPMCB Brush Creek 922 Brush Creek Road Warrendale PA 15086 Allegheny 1 Self Storage Self Storage 2000 2016 692
  23.02 JPMCB North Huntingdon 14200 Route 30 North Huntingdon PA 15642 Westmoreland 1 Self Storage Self Storage 2008   570
  24 GACC Greenmark at Andrews 200 Northwest Avenue M Andrews TX 79714 Andrews 1 Multifamily Garden 2012, 2016   144
  25 GACC Northridge Medical Tower 18250 Roscoe Boulevard Northridge CA 91325 Los Angeles 1 Office Medical 1961 2004 33,196
  26 BSP Dam Neck Shopping Center 1630-1650 General Booth Boulevard Virginia Beach VA 23454 Virginia Beach City 1 Retail Anchored 1991   131,100
  27 SMF VI Fort Knox Executive Park 2727 Mahan Drive and 2728, 2737 & 2747 Fort Knox Boulevard Tallahassee FL 32308 Leon 1 Office Suburban 1979, 1986, 1988, 1995 2017 300,419
  28 SMF VI 8851 Santa Monica Boulevard 801-805 Larrabee Street and 8851-8853 Santa Monica Boulevard West Hollywood CA 90069 Los Angeles 1 Mixed Use Retail/Office 1926 2016 9,948
  29 SMF VI Holiday Inn Express Albany 300 Broadway Albany NY 12207 Albany 1 Hotel Limited Service 1962 2017 135
  30 GACC Mezz 42 881 3rd Avenue Southwest and 5 Center Green Carmel IN 46032 Hamilton 1 Mixed Use Multifamily/Office 2016   45
  31 SMF VI Adams Portfolio Various Las Vegas NV Various Clark 3 Retail Various Various   22,522
  31.01 SMF VI 4626 Maryland 4626 South Maryland Parkway Las Vegas NV 89119 Clark 1 Retail Single Tenant 1980   6,000
  31.02 SMF VI 4680 Maryland 4680 South Maryland Parkway Las Vegas NV 89119 Clark 1 Retail Unanchored 2010   5,800
  31.03 SMF VI Sunset Property 4850 West Sunset Road Las Vegas NV 89118 Clark 1 Retail Unanchored 2007   10,722
  32 SMF VI City View Farms 1037 West Jefferson Street Franklin IN 46131 Johnson 1 Multifamily Garden 2004   84
  33 GACC JHMR Powderhorn 605, 655 & 685 Powderhorn Lane Jackson WY 83001 Teton 1 Multifamily Garden 2014   25
  34 SMF VI Fireside IL Storage Portfolio Various Bourbonnais IL 60914 Kankakee 2 Self Storage Self Storage Various   830
  34.01 SMF VI Larry Power Storage 575 Larry Power Road Bourbonnais IL 60914 Kankakee 1 Self Storage Self Storage 2006   482
  34.02 SMF VI Armour Road Storage 1847 Armour Road Bourbonnais IL 60914 Kankakee 1 Self Storage Self Storage 2001   348
  35 BSP Aaron’s Rent Portfolio Various Various Various Various Various 7 Retail Freestanding Various   63,519
  35.01 BSP Aaron’s Rent - Charlotte, NC 6411 North Tryon Street Charlotte NC 28213 Mecklenburg 1 Retail Freestanding 2008   8,000
  35.02 BSP Aaron’s Rent - Lower Burrell, PA 3219 Leechburg Road Lower Burrell PA 15068 Westmoreland 1 Retail Freestanding 1993   11,519
  35.03 BSP Aaron’s Rent - Houston, TX 9839 North Freeway Houston TX 77037 Harris 1 Retail Freestanding 2009   10,000
  35.04 BSP Aaron’s Rent - Pleasanton, TX 1825 West Oaklawn Road Pleasanton TX 78064 Atascosa 1 Retail Freestanding 2007   10,000
  35.05 BSP Aaron’s Rent - Zanesville, OH 2620 Maysville Pike Zanesville OH 43701 Muskingum 1 Retail Freestanding 2008   8,000
  35.06 BSP Aaron’s Rent - Pearland, TX 5430 Broadway Street Pearland TX 77581 Brazoria 1 Retail Freestanding 2009   8,000
  35.07 BSP Aaron’s Rent - Demopolis, AL 1201 Osgood Loop Demopolis AL 36732 Marengo 1 Retail Freestanding 2009   8,000
  36 GACC Fountaingrove Executive Center 3700 Old Redwood Highway Santa Rosa CA 95403 Sonoma 1 Office Suburban 2004   37,428
  37 SMF VI Shoppes at Schoolhouse Crossing 150 Onix Drive Kennett Square PA 19348 Chester 1 Mixed Use Retail/Office 2007   37,000
  38 SMF VI 1-21 Export Drive 21 Export Drive Sterling VA 20164 Loudoun 1 Industrial Flex 1985 2016 74,729
  39 BSP Taylor Industrial 21740 Trolley Industrial Drive Taylor MI 48180 Wayne 1 Industrial Warehouse 1971 2016 240,120
  40 SMF VI Sunrise Pass Estates MHC 1000 Windy Pass Barstow CA 92311 San Bernardino 1 Manufactured Housing Manufactured Housing 1972-1973   161
  41 SMF VI Springfield Storage 1215 North Belmont Avenue Springfield OH 45503 Clark 1 Self Storage Self Storage 2002   509

  

A-1-1

  

ANNEX A-1

 

                      Original   Current           Net      
         Unit of      Occupancy Appraised Appraisal Current Original Balance Current   Balance % of Initial Crossed Related   Interest   Admin. Mortgage   Monthly Debt Annual Debt
  Loan # Seller(1) Property Name  Measure Occupancy %(3) Date Value ($)(4) Date LTV %(4) Balance ($)(5)(6) per Unit ($) Balance ($)(5)(6) per Unit ($) Pool Balance Loan Borrower(7) Rate %(8) Fee %(8) Rate %(8) Accrual Type Service ($)(9)(10) Service ($)(10)
  1 GACC Marina Heights State Farm Square Feet 99.5% 12/07/17 960,000,000 11/20/17 58.3% 50,000,000 276 50,000,000 276 7.0% No No 3.55950 0.01475 3.54475 Actual/360 150,372.40 1,804,468.80
  2 SMF VI 1875 Atlantic Avenue Units 95.8% 04/26/18 69,200,000 03/05/18 60.7% 42,000,000 355,932 42,000,000 355,932 5.9% No No 4.86700 0.01975 4.84725 Actual/360 172,710.90 2,072,530.83
  3 JPMCB Atlantic Times Square Square Feet 96.9% 03/01/18 163,800,000 02/01/18 59.8% 40,000,000 258 40,000,000 258 5.6% No Yes - Group 1 4.84500 0.01975 4.82525 Actual/360 163,743.06 1,964,916.67
  4 JPMCB Embassy Suites Glendale Rooms 88.1% 02/28/18 114,000,000 03/29/18 59.6% 37,000,000 250,000 37,000,000 250,000 5.2% No Yes - Group 1 5.44800 0.01975 5.42825 Actual/360 170,313.06 2,043,756.67
  5 GACC Sheraton Hotel Arlington Rooms 72.6% 12/31/17 59,500,000 10/01/18 60.8% 36,400,000 117,042 36,193,886 116,379 5.1% No No 5.23000 0.03975 5.19025 Actual/360 200,551.48 2,406,617.76
  6 SMF VI Southland Shopping Center Square Feet 94.0% 04/01/18 58,200,000 01/26/18 58.4% 34,000,000 130 34,000,000 130 4.8% No No 4.92500 0.01975 4.90525 Actual/360 180,964.09 2,171,569.08
  7 BSP The Metropolitan at Wilton Manors Units 96.1% 04/18/18 54,000,000 03/15/18 62.0% 33,500,000 187,151 33,500,000 187,151 4.7% No No 5.12000 0.03725 5.08275 Actual/360 144,918.52 1,739,022.24
  8 GACC DreamWorks Campus Square Feet 100.0% 06/06/18 297,000,000 08/03/17 31.0% 30,000,000 185 30,000,000 185 4.2% No No 2.29783 0.01600 2.28183 Actual/360 58,243.51 698,922.12
  9 JPMCB Meridian Corporate Center Square Feet 90.6% 02/20/18 108,250,000 02/13/18 69.9% 30,000,000 109 30,000,000 109 4.2% No No 4.57460 0.02600 4.54860 Actual/360 153,338.25 1,840,059.00
  9.01 JPMCB 2520 Meridian Parkway Square Feet 100.0% 02/20/18 22,400,000 02/13/18   6,236,388   6,236,388   0.9%                
  9.02 JPMCB 2525 Meridian Parkway Square Feet 71.6% 02/20/18 16,300,000 02/13/18   4,538,086   4,538,086   0.6%                
  9.03 JPMCB 2605 Meridian Parkway Square Feet 89.2% 02/20/18 12,850,000 02/13/18   3,439,667   3,439,667   0.5%                
  9.04 JPMCB 2810 Meridian Parkway Square Feet 88.8% 02/20/18 12,300,000 02/13/18   3,424,445   3,424,445   0.5%                
  9.05 JPMCB 2510 Meridian Parkway Square Feet 83.6% 02/20/18 11,500,000 02/13/18   3,201,717   3,201,717   0.4%                
  9.06 JPMCB 2600 Meridian Parkway Square Feet 99.1% 02/20/18 10,000,000 02/13/18   2,784,102   2,784,102   0.4%                
  9.07 JPMCB 2700 Meridian Parkway Square Feet 100.0% 02/20/18 7,200,000 02/13/18   2,004,554   2,004,554   0.3%                
  9.08 JPMCB 2800 Meridian Parkway Square Feet 100.0% 02/20/18 6,500,000 02/13/18   1,809,666   1,809,666   0.3%                
  9.09 JPMCB 2505 Meridian Parkway Square Feet 100.0% 02/20/18 6,400,000 02/13/18   1,781,825   1,781,825   0.2%                
  9.10 JPMCB 2500 Meridian Parkway Square Feet 75.8% 02/20/18 2,800,000 02/13/18   779,549   779,549   0.1%                
  10 GACC Steelyard Commons Square Feet 94.0% 05/09/18 59,400,000 02/09/18 74.5% 30,000,000 167 30,000,000 167 4.2% No No 4.85500 0.03725 4.81775 Actual/360 158,398.48 1,900,781.76
  11 BSP Constitution Plaza Square Feet 82.8% 04/01/18 94,400,000 02/01/18 58.2% 30,000,000 83 29,975,491 83 4.2% No No 5.99000 0.01975 5.97025 Actual/360 180,164.63 2,161,975.56
  12 JPMCB U-Haul AREC 27 Portfolio Units 91.1% 03/31/18 45,220,000 Various 62.8% 28,500,000 6,412 28,397,637 6,389 4.0% No No 4.33500 0.01975 4.31525 Actual/360 155,754.97 1,869,059.64
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear Units 92.0% 03/31/18 15,000,000 02/19/18   9,450,000   9,416,059   1.3%                
  12.02 JPMCB U-Haul Moving & Storage Of New Center Units 93.6% 03/31/18 9,720,000 02/15/18   6,130,000   6,107,983   0.9%                
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland Units 90.7% 03/31/18 5,120,000 02/19/18   3,230,000   3,218,399   0.5%                
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road Units 99.0% 03/31/18 3,670,000 02/20/18   2,310,000   2,301,703   0.3%                
  12.05 JPMCB U-Haul Storage At Sharon Lane Units 78.6% 03/31/18 2,990,000 02/12/18   1,880,000   1,873,248   0.3%                
  12.06 JPMCB U-Haul Storage Of Scranton Units 90.2% 03/31/18 2,920,000 02/20/18   1,840,000   1,833,391   0.3%                
  12.07 JPMCB U-Haul Moving & Storage Of Prattville Units 93.7% 03/31/18 2,900,000 02/19/18   1,830,000   1,823,427   0.3%                
  12.08 JPMCB U-Haul Moving & Storage Of Nampa Units 89.9% 03/31/18 2,900,000 02/16/18   1,830,000   1,823,427   0.3%                
  13 SMF VI Northwest Business Center Square Feet 90.6% 04/01/18 34,200,000 02/07/18 66.5% 22,750,000 48 22,750,000 48 3.2% No No 5.23000 0.01975 5.21025 Actual/360 125,344.67 1,504,136.04
  14 SMF VI Texas Hotel Portfolio Rooms 75.8% 02/28/18 39,000,000 Various 53.1% 20,725,000 63,379 20,693,565 63,283 2.9% No No 5.08500 0.01975 5.06525 Actual/360 122,184.87 1,466,218.44
  14.01 SMF VI Holiday Inn & Suites Beaumont Rooms 76.8% 02/28/18 30,000,000 03/23/18   14,725,000   14,702,665   2.1%                
  14.02 SMF VI Holiday Inn Express Van Horn Rooms 72.4% 02/28/18 9,000,000 03/26/18   6,000,000   5,990,899   0.8%                
  15 BSP Troy Hotel Portfolio Rooms 77.4% 03/31/18 29,800,000 04/13/18 57.0% 17,000,000 96,045 17,000,000 96,045 2.4% No No 5.22000 0.01975 5.20025 Actual/360 101,571.45 1,218,857.40
  15.01 BSP TownePlace Suites by Marriott Troy Rooms 76.9% 03/31/18 15,200,000 04/13/18   8,574,092   8,574,092   1.2%                
  15.02 BSP Fairfield Inn & Suites by Marriott Troy Rooms 77.9% 03/31/18 14,600,000 04/13/18   8,425,908   8,425,908   1.2%                
  16 JPMCB Twelve Oaks Mall Square Feet 91.9% 02/01/18 552,900,000 12/14/17 36.0% 16,666,666 279 16,609,145 278 2.3% No No 4.39850 0.01600 4.38250 Actual/360 81,658.48 979,901.76
  17 JPMCB Lakewood Forest Plaza Square Feet 88.7% 03/22/18 25,500,000 03/21/18 65.0% 16,575,000 153 16,575,000 153 2.3% No No 4.65000 0.01975 4.63025 Actual/360 85,466.80 1,025,601.60
  18 SMF VI 5805 Sepulveda Boulevard Square Feet 100.0% 04/11/18 26,000,000 03/23/18 60.8% 15,800,000 180 15,800,000 180 2.2% No No 4.78500 0.01975 4.76525 Actual/360 82,753.93 993,047.16
  19 GACC Lehigh Valley Mall Square Feet 83.9% 10/12/17 445,000,000 09/04/17 44.5% 15,000,000 367 14,852,082 363 2.1% No No 4.05600 0.01600 4.04000 Actual/360 72,097.41 865,168.92
  20 SMF VI 800 South Barranca Square Feet 97.5% 03/15/18 23,900,000 01/29/18 60.7% 14,500,000 161 14,500,000 161 2.0% No No 4.89500 0.01975 4.87525 Actual/360 76,911.31 922,935.72
  21 JPMCB The Market at Cross Creek Ranch Square Feet 87.3% 03/01/18 20,300,000 02/09/18 65.6% 13,310,000 323 13,310,000 323 1.9% No No 4.78500 0.05975 4.72525 Actual/360 69,712.33 836,547.96
  22 GACC Weslaco Shopping Center Square Feet 100.0% 04/09/18 18,900,000 12/02/17 69.3% 13,100,000 93 13,100,000 93 1.8% No No 5.53000 0.01975 5.51025 Actual/360 74,627.12 895,525.44
  23 JPMCB Guardian Self Storage 2-Pack Units 84.2% 02/08/18 20,950,000 02/13/18 58.7% 12,300,000 9,746 12,300,000 9,746 1.7% No No 4.46000 0.05975 4.40025 Actual/360 46,349.93 556,199.17
  23.01 JPMCB Brush Creek Units 86.1% 02/08/18 13,830,000 02/13/18   8,119,761   8,119,761   1.1%                
  23.02 JPMCB North Huntingdon Units 81.9% 02/08/18 7,120,000 02/13/18   4,180,239   4,180,239   0.6%                
  24 GACC Greenmark at Andrews Units 96.5% 04/23/18 17,290,000 02/23/18 65.8% 11,375,000 78,993 11,375,000 78,993 1.6% No No 5.24500 0.01975 5.22525 Actual/360 62,777.95 753,335.40
  25 GACC Northridge Medical Tower Square Feet 85.3% 03/19/18 13,150,000 03/08/18 63.5% 8,350,000 252 8,350,000 252 1.2% No No 4.92500 0.04975 4.87525 Actual/360 34,745.76 416,949.12
  26 BSP Dam Neck Shopping Center Square Feet 85.6% 04/05/18 13,800,000 12/13/17 57.8% 8,000,000 61 7,982,882 61 1.1% No No 5.28000 0.01975 5.26025 Actual/360 44,325.06 531,900.72
  27 SMF VI Fort Knox Executive Park Square Feet 83.5% 02/01/18 56,800,000 01/16/18 61.3% 8,000,000 117 7,962,419 116 1.1% No No 5.10300 0.01600 5.08700 Actual/360 47,248.54 566,982.48
  28 SMF VI 8851 Santa Monica Boulevard Square Feet 99.2% 05/01/18 13,840,000 04/02/18 52.7% 7,300,000 734 7,300,000 734 1.0% No No 4.94000 0.01975 4.92025 Actual/360 30,469.05 365,628.61
  29 SMF VI Holiday Inn Express Albany Rooms 70.4% 02/28/18 11,200,000 02/01/18 64.2% 7,200,000 53,333 7,185,396 53,225 1.0% No No 5.53000 0.01975 5.51025 Actual/360 41,016.43 492,197.16
  30 GACC Mezz 42 Units 95.6% 05/10/18 9,500,000 10/23/17 66.3% 6,300,000 140,000 6,300,000 140,000 0.9% No No 5.20000 0.01975 5.18025 Actual/360 34,593.99 415,127.88
  31 SMF VI Adams Portfolio Square Feet 100.0% Various 9,180,000 11/15/17 67.5% 6,200,000 275 6,200,000 275 0.9% No No 4.78700 0.05975 4.72725 Actual/360 32,480.55 389,766.60
  31.01 SMF VI 4626 Maryland Square Feet 100.0% 06/06/18 2,750,000 11/15/17   2,294,492   2,294,492   0.3%                
  31.02 SMF VI 4680 Maryland Square Feet 100.0% 12/01/17 3,930,000 11/15/17   2,218,008   2,218,008   0.3%                
  31.03 SMF VI Sunset Property Square Feet 100.0% 12/01/17 2,500,000 11/15/17   1,687,500   1,687,500   0.2%                
  32 SMF VI City View Farms Units 97.6% 05/02/18 9,000,000 03/30/18 66.7% 6,000,000 71,429 6,000,000 71,429 0.8% No No 5.08600 0.05975 5.02625 Actual/360 32,525.39 390,304.68
  33 GACC JHMR Powderhorn Units 100.0% 05/09/18 8,800,000 03/02/18 68.2% 6,000,000 240,000 6,000,000 240,000 0.8% No No 5.00500 0.01975 4.98525 Actual/360 32,227.63 386,731.56
  34 SMF VI Fireside IL Storage Portfolio Units 84.1% 01/31/18 9,420,000 03/16/18 62.1% 5,850,000 7,048 5,850,000 7,048 0.8% No No 4.89500 0.01975 4.87525 Actual/360 31,029.74 372,356.88
  34.01 SMF VI Larry Power Storage Units 84.4% 01/31/18 6,670,000 03/16/18   3,825,000   3,825,000   0.5%                
  34.02 SMF VI Armour Road Storage Units 83.6% 01/31/18 2,750,000 03/16/18   2,025,000   2,025,000   0.3%                
  35 BSP Aaron’s Rent Portfolio Square Feet 100.0% 06/06/18 11,650,000 Various 50.0% 5,830,000 92 5,830,000 92 0.8% No No 4.90000 0.01975 4.88025 Actual/360 24,136.47 289,637.64
  35.01 BSP Aaron’s Rent - Charlotte, NC Square Feet 100.0% 06/06/18 1,900,000 02/21/18   971,390   971,390   0.1%                
  35.02 BSP Aaron’s Rent - Lower Burrell, PA Square Feet 100.0% 06/06/18 1,900,000 02/14/18   944,260   944,260   0.1%                
  35.03 BSP Aaron’s Rent - Houston, TX Square Feet 100.0% 06/06/18 1,730,000 02/20/18   861,620   861,620   0.1%                
  35.04 BSP Aaron’s Rent - Pleasanton, TX Square Feet 100.0% 06/06/18 1,720,000 02/16/18   857,010   857,010   0.1%                
  35.05 BSP Aaron’s Rent - Zanesville, OH Square Feet 100.0% 06/06/18 1,670,000 02/15/18   832,430   832,430   0.1%                
  35.06 BSP Aaron’s Rent - Pearland, TX Square Feet 100.0% 06/06/18 1,380,000 02/15/18   689,320   689,320   0.1%                
  35.07 BSP Aaron’s Rent - Demopolis, AL Square Feet 100.0% 06/06/18 1,350,000 02/17/18   673,970   673,970   0.1%                
  36 GACC Fountaingrove Executive Center Square Feet 100.0% 03/06/18 8,120,000 01/26/18 69.0% 5,600,000 150 5,600,000 150 0.8% No No 4.60000 0.05975 4.54025 Actual/360 28,708.08 344,496.96
  37 SMF VI Shoppes at Schoolhouse Crossing Square Feet 93.5% 02/28/18 8,000,000 01/23/18 70.0% 5,600,000 151 5,600,000 151 0.8% No No 5.24000 0.01975 5.22025 Actual/360 30,888.73 370,664.76
  38 SMF VI 1-21 Export Drive Square Feet 100.0% 04/27/18 8,700,000 03/01/18 60.3% 5,250,000 70 5,250,000 70 0.7% No No 5.05000 0.01975 5.03025 Actual/360 28,343.78 340,125.36
  39 BSP Taylor Industrial Square Feet 100.0% 05/01/18 7,600,000 03/14/18 62.4% 4,750,000 20 4,745,152 20 0.7% No No 5.17000 0.01975 5.15025 Actual/360 25,994.81 311,937.72
  40 SMF VI Sunrise Pass Estates MHC Pads 96.3% 05/02/18 8,100,000 03/30/18 58.0% 4,700,000 29,193 4,700,000 29,193 0.7% No No 4.99000 0.01975 4.97025 Actual/360 25,201.90 302,422.80
  41 SMF VI Springfield Storage Units 99.8% 02/28/18 3,720,000 03/21/18 63.2% 2,350,000 4,617 2,350,000 4,617 0.3% No No 4.87000 0.01975 4.85025 Actual/360 12,429.26 149,151.12

  

A-1-2

  

ANNEX A-1 

 

          First   Partial IO Partial IO Loan Rem. Rem.     Payment Grace Period Grace Period     Final   Maturity/ARD   Maturity Prepayment
  Loan # Seller(1) Property Name Note Date Payment Date Last IO Payment First P&I Payment Term  Amort I/O Period Seasoning Due Date  (Late Payment)  (Default) Maturity Date(11) ARD Loan(11) Mat Date(11) Balance ($)(5)   LTV %(4) Provision (Payments)(12)
  1 GACC Marina Heights State Farm 12/07/17 02/06/18     115 0 120 5 6 0 0 01/06/28 Yes 01/06/33 50,000,000   58.3% L(11),Grtr1%orYM(102),O(7)
  2 SMF VI 1875 Atlantic Avenue 04/27/18 06/06/18     119 0 120 1 6 0 0 05/06/28 No   42,000,000   60.7% L(25),Def(89),O(6)
  3 JPMCB Atlantic Times Square 03/20/18 05/01/18     118 0 120 2 1 0 0 04/01/28 No   40,000,000   59.8% L(26),Def(90),O(4)
  4 JPMCB Embassy Suites Glendale 05/08/18 07/01/18     60 0 60 0 1 0 0 06/01/23 No   37,000,000   59.6% L(24),Def(32),O(4)
  5 GACC Sheraton Hotel Arlington 12/20/17 02/06/18     55 355 0 5 6 0 0 01/06/23 No   33,683,249   56.6% L(29),Def(27),O(4)
  6 SMF VI Southland Shopping Center 04/20/18 06/06/18 05/06/22 06/06/22 119 360 48 1 6 0 0 05/06/28 No   30,704,927   52.8% L(25),Def(89),O(6)
  7 BSP The Metropolitan at Wilton Manors 05/01/18 06/06/18     119 0 120 1 6 0 0 05/06/28 No   33,500,000   62.0% L(25),Def(91),O(4)
  8 GACC DreamWorks Campus 11/20/17 01/06/18     54 0 60 6 6 0 0 12/06/22 Yes 12/06/24 30,000,000   31.0% L(30),Def(25),O(5)
  9 JPMCB Meridian Corporate Center 03/20/18 05/01/18 04/01/23 05/01/23 118 360 60 2 1 0 0 04/01/28 No   27,489,590   64.1% L(25),Grtr1%orYM(91),O(4)
  9.01 JPMCB 2520 Meridian Parkway                             5,714,525      
  9.02 JPMCB 2525 Meridian Parkway                             4,158,338      
  9.03 JPMCB 2605 Meridian Parkway                             3,151,835      
  9.04 JPMCB 2810 Meridian Parkway                             3,137,887      
  9.05 JPMCB 2510 Meridian Parkway                             2,933,796      
  9.06 JPMCB 2600 Meridian Parkway                             2,551,127      
  9.07 JPMCB 2700 Meridian Parkway                             1,836,812      
  9.08 JPMCB 2800 Meridian Parkway                             1,658,233      
  9.09 JPMCB 2505 Meridian Parkway                             1,632,722      
  9.10 JPMCB 2500 Meridian Parkway                             714,316      
  10 GACC Steelyard Commons 04/03/18 05/06/18 04/06/20 05/06/20 118 360 24 2 6 0 0 04/06/28 No   25,862,150   64.2% L(26),Def(90),O(4)
  11 BSP Constitution Plaza 04/18/18 06/06/18     59 356 0 1 6 0 0 05/06/23 No   28,029,464   54.4% L(25),Def(31),O(4)
  12 JPMCB U-Haul AREC 27 Portfolio 03/29/18 05/01/18     118 298 0 2 1 0 0 04/01/28 Yes 04/01/38 20,788,220   46.0% L(26),Def(91),O(3)
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear                             6,892,936      
  12.02 JPMCB U-Haul Moving & Storage Of New Center                             4,471,291      
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland                             2,355,998      
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road                             1,684,940      
  12.05 JPMCB U-Haul Storage At Sharon Lane                             1,371,293      
  12.06 JPMCB U-Haul Storage Of Scranton                             1,342,117      
  12.07 JPMCB U-Haul Moving & Storage Of Prattville                             1,334,823      
  12.08 JPMCB U-Haul Moving & Storage Of Nampa                             1,334,823      
  13 SMF VI Northwest Business Center 04/23/18 06/06/18 05/06/22 06/06/22 119 360 48 1 6 0 0 05/06/28 No   20,660,158   60.4% L(12),Grtr1%orYM(104),O(4)
  14 SMF VI Texas Hotel Portfolio 05/01/18 06/06/18     119 299 0 1 6 0 0 05/06/28 No   15,547,452   39.9% L(25),Def(91),O(4)
  14.01 SMF VI Holiday Inn & Suites Beaumont                             11,046,380      
  14.02 SMF VI Holiday Inn Express Van Horn                             4,501,072      
  15 BSP Troy Hotel Portfolio 05/08/18 07/06/18     120 300 0 0 6 0 5 (One time only) 06/06/28 No   12,814,057   43.0% L(24),Def(92),O(4)
  15.01 BSP TownePlace Suites by Marriott Troy                             6,462,877      
  15.02 BSP Fairfield Inn & Suites by Marriott Troy                             6,351,181      
  16 JPMCB Twelve Oaks Mall 02/28/18 04/06/18     117 357 0 3 6 0 0 03/06/28 No   13,637,485   29.6% L(27),Def(89),O(4)
  17 JPMCB Lakewood Forest Plaza 04/06/18 06/01/18 05/01/21 06/01/21 119 360 36 1 1 5 5 05/01/28 No   14,560,102   57.1% L(25),Grtr1%orYM(92),O(3)
  18 SMF VI 5805 Sepulveda Boulevard 04/13/18 06/06/18 11/06/19 12/06/19 119 360 18 1 6 0 0 05/06/28 No   13,426,561   51.6% L(25),Def(91),O(4)
  19 GACC Lehigh Valley Mall 10/13/17 12/01/17     113 353 0 7 1 0 0 11/01/27 No   11,938,009   35.8% L(31),Def(82),O(7)
  20 SMF VI 800 South Barranca 03/16/18 05/06/18 04/06/21 05/06/21 118 360 36 2 6 0 0 04/06/28 No   12,807,068   53.6% L(26),Def(89),O(5)
  21 JPMCB The Market at Cross Creek Ranch 04/10/18 06/01/18 05/01/23 06/01/23 119 360 60 1 1 0 0 05/01/28 No   12,237,017   60.3% L(25),Grtr1%orYM(92),O(3)
  22 GACC Weslaco Shopping Center 04/10/18 06/06/18 05/06/19 06/06/19 119 360 12 1 6 0 0 05/06/28 No   11,229,151   59.4% L(25),Def(91),O(4)
  23 JPMCB Guardian Self Storage 2-Pack 03/15/18 05/01/18     118 0 120 2 1 0 0 04/01/28 No   12,300,000   58.7% L(25),Grtr1%orYM(92),O(3)
  23.01 JPMCB Brush Creek                             8,119,761      
  23.02 JPMCB North Huntingdon                             4,180,239      
  24 GACC Greenmark at Andrews 04/25/18 06/06/18 05/06/21 06/06/21 119 360 36 1 6 0 0 05/06/28 No   10,123,811   58.6% L(25),Def(91),O(4)
  25 GACC Northridge Medical Tower 03/29/18 05/06/18     118 0 120 2 6 0 0 04/06/28 No   8,350,000   63.5% L(12),Grtr2%orYM(103),O(5)
  26 BSP Dam Neck Shopping Center 04/05/18 05/06/18     118 358 0 2 6 0 0 04/06/28 No   6,637,830   48.1% L(26),Def(90),O(4)
  27 SMF VI Fort Knox Executive Park 02/12/18 04/06/18     117 297 0 3 6 0 0 03/06/28 No   6,005,466   46.3% L(27),Def(89),O(4)
  28 SMF VI 8851 Santa Monica Boulevard 05/09/18 07/06/18     120 0 120 0 6 0 0 06/06/28 No   7,300,000   52.7% L(24),DeforGrtr1%orYM(91),O(5)
  29 SMF VI Holiday Inn Express Albany 03/15/18 05/06/18     118 358 0 2 6 0 0 04/06/28 No   6,021,093   53.8% L(26),Def(89),O(5)
  30 GACC Mezz 42 05/11/18 07/06/18 06/06/21 07/06/21 120 360 36 0 6 0 0 06/06/28 No   5,601,379   59.0% L(23),Grtr2%orYM(93),O(4)
  31 SMF VI Adams Portfolio 12/11/17 02/06/18 01/06/20 02/06/20 115 360 24 5 6 0 0 01/06/28 No   5,335,305   58.1% L(29),Def(87),O(4)
  31.01 SMF VI 4626 Maryland                             1,974,486      
  31.02 SMF VI 4680 Maryland                             1,908,669      
  31.03 SMF VI Sunset Property                             1,452,150      
  32 SMF VI City View Farms 05/04/18 06/06/18 05/06/20 06/06/20 119 360 24 1 6 0 0 05/06/28 No   5,203,126   57.8% L(25),Def(91),O(4)
  33 GACC JHMR Powderhorn 05/09/18 07/06/18 06/06/23 07/06/23 120 360 60 0 6 0 0 06/06/28 No   5,534,823   62.9% L(24),Def(92),O(4)
  34 SMF VI Fireside IL Storage Portfolio 03/29/18 05/06/18 04/06/23 05/06/23 118 360 60 2 6 0 0 04/06/28 No   5,387,433   57.2% L(26),DeforGrtr1%orYM(89),O(5)
  34.01 SMF VI Larry Power Storage                             3,522,553      
  34.02 SMF VI Armour Road Storage                             1,864,881      
  35 BSP Aaron’s Rent Portfolio 03/23/18 05/06/18     118 0 120 2 6 0 0 04/06/28 No   5,830,000   50.0% L(26),Def(90),O(4)
  35.01 BSP Aaron’s Rent - Charlotte, NC                             971,390      
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                             944,260      
  35.03 BSP Aaron’s Rent - Houston, TX                             861,620      
  35.04 BSP Aaron’s Rent - Pleasanton, TX                             857,010      
  35.05 BSP Aaron’s Rent - Zanesville, OH                             832,430      
  35.06 BSP Aaron’s Rent - Pearland, TX                             689,320      
  35.07 BSP Aaron’s Rent - Demopolis, AL                             673,970      
  36 GACC Fountaingrove Executive Center 03/08/18 05/06/18 04/06/22 05/06/22 118 360 48 2 6 0 0 04/06/28 No   5,026,036   61.9% L(24),Grtr1%orYM(91),O(5)
  37 SMF VI Shoppes at Schoolhouse Crossing 03/02/18 04/06/18 03/06/21 04/06/21 117 360 36 3 6 0 0 03/06/28 No   4,983,554   62.3% L(27),Def(89),O(4)
  38 SMF VI 1-21 Export Drive 05/04/18 06/06/18 05/06/23 06/06/23 119 360 60 1 6 0 0 05/06/28 No   4,846,412   55.7% L(25),Def(91),O(4)
  39 BSP Taylor Industrial 05/01/18 06/06/18     119 359 0 1 6 0 0 05/06/28 No   3,927,638   51.7% L(25),Def(91),O(4)
  40 SMF VI Sunrise Pass Estates MHC 05/04/18 06/06/18 05/06/20 06/06/20 119 360 24 1 6 0 0 05/06/28 No   4,065,918   50.2% L(25),Def(91),O(4)
  41 SMF VI Springfield Storage 04/12/18 06/06/18 05/06/21 06/06/21 119 360 36 1 6 0 0 05/06/28 No   2,074,554   55.8% L(25),Def(90),O(5)

  

A-1-3

  

ANNEX A-1

 

        HISTORICAL FINANCIALS(13)  
                                  UW
        2015 2015 2015 2016 2016 2016 2017 2017 2017 Most Recent Most Recent Most Recent   Economic
  Loan # Seller(1) Property Name Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($)  Revenues ($)  Total Expenses ($) NOI ($)(14) As of Occupancy %
  1 GACC Marina Heights State Farm                           98.7%
  2 SMF VI 1875 Atlantic Avenue                           95.8%
  3 JPMCB Atlantic Times Square 12,065,407 4,022,677 8,042,730 13,515,561 4,235,008 9,280,553 14,417,336 4,498,174 9,919,162 14,504,628 4,526,659 9,977,969 02/28/18 95.0%
  4 JPMCB Embassy Suites Glendale 19,096,354 11,376,614 7,719,740 21,001,005 12,555,856 8,445,149 19,976,380 12,503,441 7,472,939 19,903,033 12,519,358 7,383,675 02/28/18 88.1%
  5 GACC Sheraton Hotel Arlington 16,907,203 11,948,727 4,958,476 16,532,297 11,894,644 4,637,653 17,359,843 12,158,450 5,201,393         72.6%
  6 SMF VI Southland Shopping Center 4,586,017 1,886,472 2,699,545 4,560,958 1,659,064 2,901,894 4,430,581 1,610,619 2,819,962         95.9%
  7 BSP The Metropolitan at Wilton Manors             3,906,974 2,011,267 1,895,707 4,288,283 1,919,880 2,368,403 03/30/18 95.0%
  8 GACC DreamWorks Campus       13,334,684 157,172 13,177,512       13,484,575 151,213 13,333,362 09/30/17 98.0%
  9 JPMCB Meridian Corporate Center 12,316,834 5,210,481 7,106,354 12,596,797 5,368,484 7,228,314 13,036,744 5,582,846 7,453,899         91.0%
  9.01 JPMCB 2520 Meridian Parkway                            
  9.02 JPMCB 2525 Meridian Parkway                            
  9.03 JPMCB 2605 Meridian Parkway                            
  9.04 JPMCB 2810 Meridian Parkway                            
  9.05 JPMCB 2510 Meridian Parkway                            
  9.06 JPMCB 2600 Meridian Parkway                            
  9.07 JPMCB 2700 Meridian Parkway                            
  9.08 JPMCB 2800 Meridian Parkway                            
  9.09 JPMCB 2505 Meridian Parkway                            
  9.10 JPMCB 2500 Meridian Parkway                            
  10 GACC Steelyard Commons 8,692,570 4,775,181 3,917,389 8,715,286 4,903,097 3,812,189 8,437,125 5,011,181 3,425,944         94.5%
  11 BSP Constitution Plaza 15,539,538 8,871,307 6,668,231 15,128,531 8,229,542 6,898,989 13,314,816 8,242,540 5,072,276         87.6%
  12 JPMCB U-Haul AREC 27 Portfolio             3,955,933 1,291,879 2,664,054 4,155,186 1,330,949 2,824,239 03/31/18 93.2%
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear             1,106,619 277,435 829,184 1,187,518 307,127 880,391 03/31/18 94.6%
  12.02 JPMCB U-Haul Moving & Storage Of New Center             900,951 292,784 608,167 915,208 298,464 616,745 03/31/18 96.2%
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland             440,172 157,603 282,569 473,793 160,392 313,401 03/31/18 90.6%
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road             395,559 179,317 216,242 418,556 181,880 236,676 03/31/18 99.3%
  12.05 JPMCB U-Haul Storage At Sharon Lane             328,831 85,058 243,772 338,770 83,832 254,938 03/31/18 80.1%
  12.06 JPMCB U-Haul Storage Of Scranton             231,770 59,118 172,652 247,990 57,017 190,973 03/31/18 88.6%
  12.07 JPMCB U-Haul Moving & Storage Of Prattville             238,698 109,378 129,321 252,906 111,876 141,031 03/31/18 96.2%
  12.08 JPMCB U-Haul Moving & Storage Of Nampa             313,333 131,186 182,147 320,445 130,361 190,084 03/31/18 93.6%
  13 SMF VI Northwest Business Center 2,784,537 1,108,827 1,675,710 3,097,440 1,040,182 2,057,258 3,419,196 1,077,387 2,341,809 3,473,402 1,076,883 2,396,519 02/28/18 91.3%
  14 SMF VI Texas Hotel Portfolio 7,046,667 5,966,297 1,080,370 6,954,305 5,601,804 1,352,501 9,933,047 6,785,936 3,147,111 10,772,643 7,106,034 3,666,610 02/28/18 75.8%
  14.01 SMF VI Holiday Inn & Suites Beaumont 7,046,667 5,966,297 1,080,370 6,954,305 5,601,804 1,352,501 8,053,669 5,613,453 2,440,217 8,652,479 5,805,838 2,846,641 02/28/18 76.8%
  14.02 SMF VI Holiday Inn Express Van Horn             1,879,378 1,172,484 706,895 2,120,164 1,300,195 819,968 02/28/18 72.4%
  15 BSP Troy Hotel Portfolio             6,038,123 2,837,535 3,200,588 6,203,742 2,864,645 3,339,098 03/31/18 77.4%
  15.01 BSP TownePlace Suites by Marriott Troy             3,104,077 1,390,349 1,713,728 3,132,190 1,379,364 1,752,826 03/31/18 76.9%
  15.02 BSP Fairfield Inn & Suites by Marriott Troy             2,934,046 1,447,186 1,486,860 3,071,552 1,485,281 1,586,272 03/31/18 77.9%
  16 JPMCB Twelve Oaks Mall 48,945,558 13,248,393 35,697,165 49,470,075 13,200,966 36,269,109       47,095,819 12,959,706 34,136,114 11/30/17 90.1%
  17 JPMCB Lakewood Forest Plaza 2,451,106 558,047 1,893,059 2,461,121 604,490 1,856,631 2,598,346 632,393 1,965,953         92.9%
  18 SMF VI 5805 Sepulveda Boulevard 2,153,779 966,462 1,187,317 2,649,211 1,066,555 1,582,656 1,649,479 756,513 892,966         90.0%
  19 GACC Lehigh Valley Mall 36,151,146 9,508,909 26,642,237 36,598,789 9,104,230 27,494,559       35,447,338 9,071,090 26,376,248 08/31/17 92.3%
  20 SMF VI 800 South Barranca 2,073,017 751,714 1,321,302 2,293,763 750,507 1,543,256 2,224,175 808,983 1,415,192         90.1%
  21 JPMCB The Market at Cross Creek Ranch                           88.1%
  22 GACC Weslaco Shopping Center 2,097,629 816,634 1,280,995 2,058,166 761,889 1,296,277       2,048,089 760,428 1,287,661 11/30/17 95.0%
  23 JPMCB Guardian Self Storage 2-Pack 1,555,176 719,197 835,979 1,685,646 743,484 942,162 1,965,362 825,586 1,139,776 1,982,216 817,822 1,164,394 01/31/18 84.0%
  23.01 JPMCB Brush Creek 928,244 400,407 527,837 1,017,702 413,283 604,419 1,256,047 471,472 784,575 1,270,875 464,991 805,884 01/31/18 86.8%
  23.02 JPMCB North Huntingdon 626,932 318,790 308,142 667,944 330,201 337,743 709,315 354,114 355,201 711,341 352,831 358,510 01/31/18 79.0%
  24 GACC Greenmark at Andrews 501,429 216,685 284,744 1,158,039 417,021 741,018 1,955,781 588,608 1,367,173 2,069,353 599,777 1,469,576 02/28/18 94.2%
  25 GACC Northridge Medical Tower       1,166,314 426,726 739,588 1,247,703 432,354 815,349         88.3%
  26 BSP Dam Neck Shopping Center 1,051,422 306,749 744,673 638,479 288,943 349,536 248,300 237,579 10,721         78.0%
  27 SMF VI Fort Knox Executive Park                   6,051,070 1,693,712 4,357,358 11/30/17 83.3%
  28 SMF VI 8851 Santa Monica Boulevard 577,960 175,128 402,832 635,445 153,041 482,404 776,248 157,344 618,904 803,486 160,531 642,955 03/31/18 95.0%
  29 SMF VI Holiday Inn Express Albany 2,887,442 2,457,206 430,236 2,842,809 2,476,219 366,590 3,593,498 2,599,950 993,548 3,611,015 2,628,893 982,123 02/28/18 70.4%
  30 GACC Mezz 42                   823,347 282,125 541,222 02/28/18 94.0%
  31 SMF VI Adams Portfolio 625,907 143,451 482,456 667,284 141,111 526,173       726,026 124,529 601,497 10/31/17 95.0%
  31.01 SMF VI 4626 Maryland 188,073 25,074 162,999 209,110 26,889 182,220       217,942 31,287 186,654 10/31/17 95.0%
  31.02 SMF VI 4680 Maryland 293,372 60,030 233,342 252,141 36,409 215,732       277,371 36,105 241,266 10/31/17 95.0%
  31.03 SMF VI Sunset Property 144,462 58,347 86,115 206,033 77,812 128,221       230,713 57,136 173,577 10/31/17 95.0%
  32 SMF VI City View Farms       791,947 478,970 312,978 960,578 495,764 464,814 937,751 430,580 507,171 01/31/18 95.0%
  33 GACC JHMR Powderhorn       637,601 143,822 493,779 659,294 191,714 467,580         95.0%
  34 SMF VI Fireside IL Storage Portfolio 1,012,204 330,451 681,753 1,016,597 364,699 651,898 1,022,396 348,391 674,005 1,022,206 349,757 672,449 01/31/18 85.8%
  34.01 SMF VI Larry Power Storage 628,073 186,364 441,709 626,341 201,968 424,373 628,467 183,416 445,051 628,256 183,995 444,261 01/31/18 85.8%
  34.02 SMF VI Armour Road Storage 384,131 144,087 240,044 390,256 162,732 227,525 393,929 164,974 228,954 393,950 165,763 228,187 01/31/18 85.6%
  35 BSP Aaron’s Rent Portfolio                           90.0%
  35.01 BSP Aaron’s Rent - Charlotte, NC                            
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                            
  35.03 BSP Aaron’s Rent - Houston, TX                            
  35.04 BSP Aaron’s Rent - Pleasanton, TX                            
  35.05 BSP Aaron’s Rent - Zanesville, OH                            
  35.06 BSP Aaron’s Rent - Pearland, TX                            
  35.07 BSP Aaron’s Rent - Demopolis, AL                            
  36 GACC Fountaingrove Executive Center 646,101 279,547 366,554 551,377 295,591 255,786 792,477 331,375 461,102         94.1%
  37 SMF VI Shoppes at Schoolhouse Crossing 1,052,149 314,508 737,641 1,067,085 314,751 752,334 1,088,225 315,181 773,044         93.5%
  38 SMF VI 1-21 Export Drive 562,727 179,522 383,205 713,102 179,571 533,530 717,670 162,612 555,058 726,485 160,673 565,812 03/31/18 95.0%
  39 BSP Taylor Industrial 766,558 255,829 510,729 772,776 281,956 490,820 877,292 482,374 394,918 1,031,128 545,033 486,095 03/31/18 86.4%
  40 SMF VI Sunrise Pass Estates MHC 842,880 414,414 428,466 851,709 435,329 416,380 933,909 439,692 494,217 927,920 411,504 516,416 03/31/18 80.3%
  41 SMF VI Springfield Storage 364,318 167,583 196,735 384,678 183,475 201,203 402,661 159,824 242,838 420,585 160,982 259,603 02/28/18 96.2%

  

A-1-4

  

ANNEX A-1

 

        UW UW Total UW UW Capital UW UW UW NCF UW NOI UW NCF   Ground Lease Ground Lease Franchise
  Loan # Seller(1) Property Name Revenues ($)(3) Expenses ($) NOI ($)(3)(14)(15)  Items ($) NCF ($)(3)(15)  NOI DSCR(16) DSCR(16) Debt Yield %  Debt Yield % Title Type(17)  Expiration  Extension Terms Expiration Date(18)
  1 GACC Marina Heights State Farm 83,160,015 19,826,859 63,333,156 195,923 63,137,233 3.13 3.12 11.3% 11.3% Leasehold 08/16/2112 One, min 25 - max 99 year option  
  2 SMF VI 1875 Atlantic Avenue 3,454,388 460,421 2,993,967 23,600 2,970,367 1.44 1.43 7.1% 7.1% Fee      
  3 JPMCB Atlantic Times Square 14,250,504 4,913,493 9,337,011 369,775 8,967,236 1.94 1.86 9.5% 9.2% Fee      
  4 JPMCB Embassy Suites Glendale 19,903,033 12,222,381 7,680,652 0 7,680,652 2.04 2.04 11.3% 11.3% Fee     06/30/2028
  5 GACC Sheraton Hotel Arlington 17,359,843 12,273,814 5,086,029 694,394 4,391,636 2.11 1.82 14.1% 12.1% Leasehold 09/30/2033 Three, 15-year options 10/31/2034
  6 SMF VI Southland Shopping Center 5,148,868 1,652,585 3,496,283 299,991 3,196,292 1.61 1.47 10.3% 9.4% Fee      
  7 BSP The Metropolitan at Wilton Manors 4,475,265 1,869,810 2,605,455 35,800 2,569,655 1.50 1.48 7.8% 7.7% Fee      
  8 GACC DreamWorks Campus 13,855,836 239,684 13,616,152 99,481 13,516,671 6.35 6.31 14.8% 14.7% Fee      
  9 JPMCB Meridian Corporate Center 13,496,059 5,134,415 8,361,644 796,056 7,565,588 1.80 1.63 11.0% 10.0% Fee      
  9.01 JPMCB 2520 Meridian Parkway                   Fee      
  9.02 JPMCB 2525 Meridian Parkway                   Fee      
  9.03 JPMCB 2605 Meridian Parkway                   Fee      
  9.04 JPMCB 2810 Meridian Parkway                   Fee      
  9.05 JPMCB 2510 Meridian Parkway                   Fee      
  9.06 JPMCB 2600 Meridian Parkway                   Fee      
  9.07 JPMCB 2700 Meridian Parkway                   Fee      
  9.08 JPMCB 2800 Meridian Parkway                   Fee      
  9.09 JPMCB 2505 Meridian Parkway                   Fee      
  9.10 JPMCB 2500 Meridian Parkway                   Fee      
  10 GACC Steelyard Commons 9,313,853 5,157,557 4,156,296 253,077 3,903,219 1.48 1.39 9.4% 8.8% Fee      
  11 BSP Constitution Plaza 15,719,218 9,170,725 6,548,493 882,886 5,665,607 1.65 1.43 11.9% 10.3% Fee      
  12 JPMCB U-Haul AREC 27 Portfolio 4,542,028 1,363,455 3,178,571 91,836 3,086,734 1.70 1.65 11.2% 10.9% Fee      
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear 1,257,312 310,199 947,113 8,163 938,950         Fee      
  12.02 JPMCB U-Haul Moving & Storage Of New Center 911,298 297,033 614,264 4,501 609,764         Fee      
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland 556,401 166,615 389,786 12,850 376,936         Fee      
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road 481,913 186,644 295,269 37,849 257,420         Fee      
  12.05 JPMCB U-Haul Storage At Sharon Lane 344,447 87,756 256,691 13,400 243,291         Fee      
  12.06 JPMCB U-Haul Storage Of Scranton 290,977 63,148 227,829 1,727 226,101         Fee      
  12.07 JPMCB U-Haul Moving & Storage Of Prattville 363,715 119,641 244,074 6,569 237,504         Fee      
  12.08 JPMCB U-Haul Moving & Storage Of Nampa 335,965 132,419 203,545 6,777 196,768         Fee      
  13 SMF VI Northwest Business Center 3,906,890 1,064,403 2,842,487 353,217 2,489,270 1.89 1.65 12.5% 10.9% Fee      
  14 SMF VI Texas Hotel Portfolio 10,772,643 7,705,043 3,067,600 0 3,067,600 2.09 2.09 14.8% 14.8% Fee      
  14.01 SMF VI Holiday Inn & Suites Beaumont 8,652,479 6,262,486 2,389,993 0 2,389,993         Fee     01/09/2030
  14.02 SMF VI Holiday Inn Express Van Horn 2,120,164 1,442,557 677,607 0 677,607         Fee     12/29/2036
  15 BSP Troy Hotel Portfolio 6,203,742 3,243,660 2,960,082 248,150 2,711,933 2.43 2.22 17.4% 16.0% Fee      
  15.01 BSP TownePlace Suites by Marriott Troy 3,132,190 1,639,116 1,493,073 125,288 1,367,786         Fee     08/15/2036
  15.02 BSP Fairfield Inn & Suites by Marriott Troy 3,071,552 1,604,544 1,467,009 122,862 1,344,147         Fee     11/21/2036
  16 JPMCB Twelve Oaks Mall 42,899,192 12,304,366 30,594,826 583,717 30,011,109 2.60 2.55 15.4% 15.1% Fee      
  17 JPMCB Lakewood Forest Plaza 2,429,732 642,250 1,787,483 140,421 1,647,062 1.74 1.61 10.8% 9.9% Fee      
  18 SMF VI 5805 Sepulveda Boulevard 2,493,644 860,458 1,633,186 86,814 1,546,372 1.64 1.56 10.3% 9.8% Fee      
  19 GACC Lehigh Valley Mall 33,855,087 8,922,902 24,932,185 1,005,356 23,926,829 2.16 2.07 12.6% 12.1% Fee      
  20 SMF VI 800 South Barranca 2,340,702 818,411 1,522,291 114,398 1,407,893 1.65 1.53 10.5% 9.7% Fee      
  21 JPMCB The Market at Cross Creek Ranch 1,570,764 348,372 1,222,391 47,828 1,174,563 1.46 1.40 9.2% 8.8% Fee      
  22 GACC Weslaco Shopping Center 1,936,125 588,083 1,348,041 71,868 1,276,174 1.51 1.43 10.3% 9.7% Fee      
  23 JPMCB Guardian Self Storage 2-Pack 2,030,452 791,996 1,238,456 15,579 1,222,878 2.23 2.20 10.1% 9.9% Fee      
  23.01 JPMCB Brush Creek 1,342,212 436,776 905,436 8,452 896,984         Fee      
  23.02 JPMCB North Huntingdon 688,240 355,220 333,020 7,127 325,894         Fee      
  24 GACC Greenmark at Andrews 2,230,042 832,662 1,397,380 36,000 1,361,380 1.85 1.81 12.3% 12.0% Fee      
  25 GACC Northridge Medical Tower 1,312,122 533,213 778,909 53,093 725,816 1.87 1.74 9.3% 8.7% Fee      
  26 BSP Dam Neck Shopping Center 1,075,345 274,602 800,743 85,215 715,528 1.51 1.35 10.0% 9.0% Fee      
  27 SMF VI Fort Knox Executive Park 5,908,027 1,795,684 4,112,344 196,986 3,915,358 1.66 1.58 11.8% 11.2% Fee      
  28 SMF VI 8851 Santa Monica Boulevard 841,971 152,801 689,170 11,938 677,232 1.88 1.85 9.4% 9.3% Fee      
  29 SMF VI Holiday Inn Express Albany 3,611,015 2,785,036 825,979 0 825,979 1.68 1.68 11.5% 11.5% Fee     04/10/2025
  30 GACC Mezz 42 854,788 326,417 528,372 11,793 516,578 1.27 1.24 8.4% 8.2% Fee      
  31 SMF VI Adams Portfolio 758,636 129,977 628,658 16,892 611,767 1.61 1.57 10.1% 9.9% Fee      
  31.01 SMF VI 4626 Maryland 212,574 31,180 181,394 4,500 176,894         Fee      
  31.02 SMF VI 4680 Maryland 296,439 36,798 259,642 4,350 255,292         Fee      
  31.03 SMF VI Sunset Property 249,622 61,999 187,623 8,042 179,582         Fee      
  32 SMF VI City View Farms 931,109 372,022 559,087 25,225 533,862 1.43 1.37 9.3% 8.9% Fee      
  33 GACC JHMR Powderhorn 611,325 90,434 520,891 1,812 519,079 1.35 1.34 8.7% 8.7% Fee      
  34 SMF VI Fireside IL Storage Portfolio 959,469 345,260 614,209 10,125 604,083 1.65 1.62 10.5% 10.3% Fee/Leasehold      
  34.01 SMF VI Larry Power Storage 628,256 183,322 444,934 4,976 439,958         Fee      
  34.02 SMF VI Armour Road Storage 331,213 161,938 169,275 5,149 164,125         Fee/Leasehold 01/31/2020 Two, five-year options  
  35 BSP Aaron’s Rent Portfolio 984,254 242,831 741,422 15,991 725,431 2.56 2.50 12.7% 12.4% Fee      
  35.01 BSP Aaron’s Rent - Charlotte, NC                   Fee      
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                   Fee      
  35.03 BSP Aaron’s Rent - Houston, TX                   Fee      
  35.04 BSP Aaron’s Rent - Pleasanton, TX                   Fee      
  35.05 BSP Aaron’s Rent - Zanesville, OH                   Fee      
  35.06 BSP Aaron’s Rent - Pearland, TX                   Fee      
  35.07 BSP Aaron’s Rent - Demopolis, AL                   Fee      
  36 GACC Fountaingrove Executive Center 1,026,177 401,618 624,559 47,159 577,399 1.81 1.68 11.2% 10.3% Fee      
  37 SMF VI Shoppes at Schoolhouse Crossing 1,005,372 340,723 664,649 44,400 620,249 1.79 1.67 11.9% 11.1% Fee/Leasehold 03/01/2047 None  
  38 SMF VI 1-21 Export Drive 705,121 158,005 547,115 44,837 502,278 1.61 1.48 10.4% 9.6% Fee      
  39 BSP Taylor Industrial 1,168,728 594,350 574,378 49,042 525,336 1.84 1.68 12.1% 11.1% Fee      
  40 SMF VI Sunrise Pass Estates MHC 927,920 460,784 467,136 8,855 458,281 1.54 1.52 9.9% 9.8% Fee      
  41 SMF VI Springfield Storage 420,585 165,098 255,487 6,928 248,559 1.71 1.67 10.9% 10.6% Fee      

  

A-1-5

 

ANNEX A-1

 

            UPFRONT ESCROW(19)
                             
            Upfront Capex Upfront Engin. Upfront Envir. Upfront TI/LC Upfront RE Tax Upfront Ins. Upfront Debt Service Upfront Other Other Upfront
  Loan # Seller(1) Property Name PML %   Reserve ($) Reserve ($)  Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)
  1 GACC Marina Heights State Farm     0 0 0 0 0 0 0 0  
  2 SMF VI 1875 Atlantic Avenue     0 0 0 0 19,197 18,888 0 0  
  3 JPMCB Atlantic Times Square 11%   4,744 0 0 11,487 483,974 140,595 0 0  
  4 JPMCB Embassy Suites Glendale 11%   69,500 0 0 0 347,034 0 0 0  
  5 GACC Sheraton Hotel Arlington     0 0 0 0 0 0 0 2,253,991 Capital Improvement Reserve: 1,310,000; PIP Reserve: 892,160; Ground Rent Reserve: 51,831
  6 SMF VI Southland Shopping Center     0 24,375 0 0 693,791 56,824 0 1,243,059 Outstanding TI/LC: 1,046,899.35; Rent Concession: 196,159.82
  7 BSP The Metropolitan at Wilton Manors     107,400 1,563 0 0 477,167 18,000 0 0  
  8 GACC DreamWorks Campus 10%   0 0 0 0 0 53,091 0 562,887 Payment Reserve
  9 JPMCB Meridian Corporate Center     12,681 0 0 2,350,000 435,013 0 0 3,903,855 Outstanding TI/LC Reserve: 3,125,744; Free Rent Reserve: 778,111
  9.01 JPMCB 2520 Meridian Parkway                      
  9.02 JPMCB 2525 Meridian Parkway                      
  9.03 JPMCB 2605 Meridian Parkway                      
  9.04 JPMCB 2810 Meridian Parkway                      
  9.05 JPMCB 2510 Meridian Parkway                      
  9.06 JPMCB 2600 Meridian Parkway                      
  9.07 JPMCB 2700 Meridian Parkway                      
  9.08 JPMCB 2800 Meridian Parkway                      
  9.09 JPMCB 2505 Meridian Parkway                      
  9.10 JPMCB 2500 Meridian Parkway                      
  10 GACC Steelyard Commons     0 0 0 0 427,774 0 0 1,062,594 Aspire Reserve: 901,140; Aspire LC Reserve: 161,454.25
  11 BSP Constitution Plaza     0 152,500 0 0 927,676 0 0 3,869,702 Landlord Obligations Reserve: 2,528,403; Free Rent Reserve: 1,299,538.62; Hartford BID Reserve: 41,760
  12 JPMCB U-Haul AREC 27 Portfolio     45,918 134,663 0 0 189,510 0 0 0  
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear                      
  12.02 JPMCB U-Haul Moving & Storage Of New Center                      
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland                      
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road                      
  12.05 JPMCB U-Haul Storage At Sharon Lane                      
  12.06 JPMCB U-Haul Storage Of Scranton                      
  12.07 JPMCB U-Haul Moving & Storage Of Prattville                      
  12.08 JPMCB U-Haul Moving & Storage Of Nampa                      
  13 SMF VI Northwest Business Center     533,597 2,743,895 0 154,677 190,192 0 0 612,178 Vacant Unit Improvements Reserve
  14 SMF VI Texas Hotel Portfolio     0 14,063 0 0 156,228 139,066 0 0  
  14.01 SMF VI Holiday Inn & Suites Beaumont                      
  14.02 SMF VI Holiday Inn Express Van Horn                      
  15 BSP Troy Hotel Portfolio     0 0 0 0 175,083 0 0 0  
  15.01 BSP TownePlace Suites by Marriott Troy                      
  15.02 BSP Fairfield Inn & Suites by Marriott Troy                      
  16 JPMCB Twelve Oaks Mall     0 0 0 0 0 0 0 4,627,403 Unfunded Obligations Reserve
  17 JPMCB Lakewood Forest Plaza     1,350 10,469 0 10,352 90,134 0 0 0  
  18 SMF VI 5805 Sepulveda Boulevard 8%   0 0 0 250,000 61,478 17,385 0 330,904 Rent Concession Reserve
  19 GACC Lehigh Valley Mall     0 0 0 0 0 0 0 651,533 Outstanding TI/LC Reserve: 443,000; Tenant Rent Holdback Reserve: 208,533
  20 SMF VI 800 South Barranca 13%   0 9,625 0 500,000 53,354 16,623 0 0  
  21 JPMCB The Market at Cross Creek Ranch     465 0 0 0 62,258 0 0 1,558,813 Accretive Leasing Reserve: 750,000; Outstanding TI/LC Reserve: 589,731; Free Rent Reserve: 219,082
  22 GACC Weslaco Shopping Center     0 0 0 200,000 161,721 0 0 0  
  23 JPMCB Guardian Self Storage 2-Pack     0 0 0 0 53,000 0 0 0  
  23.01 JPMCB Brush Creek                      
  23.02 JPMCB North Huntingdon                      
  24 GACC Greenmark at Andrews     0 875 0 0 58,665 0 0 0  
  25 GACC Northridge Medical Tower 10%   0 0 0 50,000 12,783 0 0 107,034 Approved Leasing Expenses: 65,000; Free Rent Reserve: 42,034.15
  26 BSP Dam Neck Shopping Center     0 10,000 0 0 42,534 16,472 0 303,839 Free Rent Reserve
  27 SMF VI Fort Knox Executive Park     170,000 0 0 1,000,000 128,130 121,337 0 4,115,078 Outstanding TI/LC Reserve: 2,812,378; AHCA Gap Rent Reserve: 1,302,300; Association Reserve: 400
  28 SMF VI 8851 Santa Monica Boulevard 19%   0 19,050 0 0 3,026 0 0 0  
  29 SMF VI Holiday Inn Express Albany     0 0 0 0 88,213 88,013 0 300,000 Performance Reserve
  30 GACC Mezz 42     0 0 0 0 22,893 3,695 0 0  
  31 SMF VI Adams Portfolio     0 0 0 125,000 0 7,702 0 0  
  31.01 SMF VI 4626 Maryland                      
  31.02 SMF VI 4680 Maryland                      
  31.03 SMF VI Sunset Property                      
  32 SMF VI City View Farms     0 0 0 0 6,083 4,302 0 0  
  33 GACC JHMR Powderhorn 6%   0 0 0 0 7,941 5,734 0 0  
  34 SMF VI Fireside IL Storage Portfolio     0 0 0 0 48,870 2,366 0 0  
  34.01 SMF VI Larry Power Storage                      
  34.02 SMF VI Armour Road Storage                      
  35 BSP Aaron’s Rent Portfolio     80,000 0 0 300,000 0 0 0 0  
  35.01 BSP Aaron’s Rent - Charlotte, NC                      
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                      
  35.03 BSP Aaron’s Rent - Houston, TX                      
  35.04 BSP Aaron’s Rent - Pleasanton, TX                      
  35.05 BSP Aaron’s Rent - Zanesville, OH                      
  35.06 BSP Aaron’s Rent - Pearland, TX                      
  35.07 BSP Aaron’s Rent - Demopolis, AL                      
  36 GACC Fountaingrove Executive Center 8%   0 0 0 0 0 0 0 255,034 In Home Health Reserves
  37 SMF VI Shoppes at Schoolhouse Crossing     0 21,350 10,500 0 62,493 3,643 0 0  
  38 SMF VI 1-21 Export Drive     214,000 11,500 0 0 0 9,393 0 0  
  39 BSP Taylor Industrial     0 12,000 0 350,000 95,250 16,928 0 76,800 Roof Repair Reserve
  40 SMF VI Sunrise Pass Estates MHC 9%   0 0 0 0 4,446 2,890 0 0  
  41 SMF VI Springfield Storage     0 0 0 0 0 1,421 0 0  

  

A-1-6

 

ANNEX A-1

 

          MONTHLY ESCROW(20)   RESERVE CAPS(21)
                                       
          Monthly Capex Monthly Envir. Monthly TI/LC Monthly RE Tax Monthly Ins. Monthly Other Other Monthly   CapEx Envir. TI/LC RE Tax Insur. Debt Service Other
  Loan # Seller(1) Property Name   Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)    Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)
  1 GACC Marina Heights State Farm   Springing 0 Springing Springing Springing Springing Ground Rent Reserve                
  2 SMF VI 1875 Atlantic Avenue   1,967 0 0 3,839 3,778 0     118,000            
  3 JPMCB Atlantic Times Square   4,744 0 11,487 161,325 15,622 Springing (Excess Cash) AMC Reserve Fund       344,595       2,000,000
  4 JPMCB Embassy Suites Glendale   4% of Gross Revenues 0 0 69,407 Springing 0                  
  5 GACC Sheraton Hotel Arlington   4% of Gross Revenues 0 0 48,723 Springing Springing Ground Rent Reserve: Springing; PIP Reserve: Springing                
  6 SMF VI Southland Shopping Center   3,261 0 16,304 78,656 4,735 0         587,000        
  7 BSP The Metropolitan at Wilton Manors   Springing 0 0 68,167 9,000 0                  
  8 GACC DreamWorks Campus   Springing 0 Springing Springing 8,849 0                  
  9 JPMCB Meridian Corporate Center   12,681 0 Springing 108,753 Springing 5,492 Avaya Reserve: $5,492; Parata Reserve: Springing   304,350   2,075,115       Parata Reserve: 800,000
  9.01 JPMCB 2520 Meridian Parkway                                
  9.02 JPMCB 2525 Meridian Parkway                                
  9.03 JPMCB 2605 Meridian Parkway                                
  9.04 JPMCB 2810 Meridian Parkway                                
  9.05 JPMCB 2510 Meridian Parkway                                
  9.06 JPMCB 2600 Meridian Parkway                                
  9.07 JPMCB 2700 Meridian Parkway                                
  9.08 JPMCB 2800 Meridian Parkway                                
  9.09 JPMCB 2505 Meridian Parkway                                
  9.10 JPMCB 2500 Meridian Parkway                                
  10 GACC Steelyard Commons   4,423 0 16,667 106,943 Springing 0         1,000,000        
  11 BSP Constitution Plaza   10,989 0 68,679 309,225 19,223 3,797 Hartford BID Reserve                
  12 JPMCB U-Haul AREC 27 Portfolio   Springing 0 0 Springing Springing 0     45,918            
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear                                
  12.02 JPMCB U-Haul Moving & Storage Of New Center                                
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland                                
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road                                
  12.05 JPMCB U-Haul Storage At Sharon Lane                                
  12.06 JPMCB U-Haul Storage Of Scranton                                
  12.07 JPMCB U-Haul Moving & Storage Of Prattville                                
  12.08 JPMCB U-Haul Moving & Storage Of Nampa                                
  13 SMF VI Northwest Business Center   3,925 0 25,510 23,774 Springing 0     141,300   918,396        
  14 SMF VI Texas Hotel Portfolio   2% of Gross Revenues 0 0 27,037 13,907 0                  
  14.01 SMF VI Holiday Inn & Suites Beaumont                                
  14.02 SMF VI Holiday Inn Express Van Horn                                
  15 BSP Troy Hotel Portfolio   4% of Gross Revenues 0 0 15,917 5,177 Springing PIP Reserve                
  15.01 BSP TownePlace Suites by Marriott Troy                                
  15.02 BSP Fairfield Inn & Suites by Marriott Troy                                
  16 JPMCB Twelve Oaks Mall   Springing 0 Springing Springing Springing 0     274,500   1,647,000        
  17 JPMCB Lakewood Forest Plaza   1,350 0 10,352 30,045 Springing 0                  
  18 SMF VI 5805 Sepulveda Boulevard   1,754 0 7,308 15,370 1,449 0     300,000   575,000        
  19 GACC Lehigh Valley Mall   Springing 0 81,785 Springing Springing Springing Release Parcel Reserve   327,140   2,994,258        
  20 SMF VI 800 South Barranca   1,199 0 20,000 17,785 1,662 0         850,000        
  21 JPMCB The Market at Cross Creek Ranch   465 0 Springing 15,565 Springing 0     16,722   139,350        
  22 GACC Weslaco Shopping Center   1,767 0 5,889 32,344 Springing 0                  
  23 JPMCB Guardian Self Storage 2-Pack   Springing 0 0 9,370 Springing 0                  
  23.01 JPMCB Brush Creek                                
  23.02 JPMCB North Huntingdon                                
  24 GACC Greenmark at Andrews   3,000 0 0 7,333 Springing 0                  
  25 GACC Northridge Medical Tower   692 0 4,146 4,261 Springing 0     24,897   350,000        
  26 BSP Dam Neck Shopping Center   1,639 0 5,463 7,089 5,491 0     78,660   327,750        
  27 SMF VI Fort Knox Executive Park   5,394 0 Springing 32,033 12,421 Springing AHCA TI Reserve: Springing; Association Reserve: Springing       1,000,000       Association Reserve: 400
  28 SMF VI 8851 Santa Monica Boulevard   166 0 Springing 6,005 Springing 0     5,976            
  29 SMF VI Holiday Inn Express Albany   4% of Gross Revenues 0 0 14,086 10,311 Springing PIP Reserve                
  30 GACC Mezz 42   875 0 0 11,447 Springing 0                  
  31 SMF VI Adams Portfolio   282 0 3,754 1,916 963 0     35,000   350,000        
  31.01 SMF VI 4626 Maryland                                
  31.02 SMF VI 4680 Maryland                                
  31.03 SMF VI Sunset Property                                
  32 SMF VI City View Farms   2,100 0 0 6,083 2,151 0     84,000            
  33 GACC JHMR Powderhorn   151 0 0 3,970 1,911 0                  
  34 SMF VI Fireside IL Storage Portfolio   844 0 0 6,109 789 Springing Property Improvement Reserve                
  34.01 SMF VI Larry Power Storage                                
  34.02 SMF VI Armour Road Storage                                
  35 BSP Aaron’s Rent Portfolio   Springing 0 Springing Springing Springing 0     80,000   300,000        
  35.01 BSP Aaron’s Rent - Charlotte, NC                                
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                                
  35.03 BSP Aaron’s Rent - Houston, TX                                
  35.04 BSP Aaron’s Rent - Pleasanton, TX                                
  35.05 BSP Aaron’s Rent - Zanesville, OH                                
  35.06 BSP Aaron’s Rent - Pearland, TX                                
  35.07 BSP Aaron’s Rent - Demopolis, AL                                
  36 GACC Fountaingrove Executive Center   811 0 3,119 4,402 Springing 0     19,463   112,284        
  37 SMF VI Shoppes at Schoolhouse Crossing   617 0 3,083 9,354 729 0         150,000        
  38 SMF VI 1-21 Export Drive   1,245 0 2,491 6,054 783 0                  
  39 BSP Taylor Industrial   2,001 0 Springing 13,607 2,116 Springing Lease Sweep Reserve       350,000        
  40 SMF VI Sunrise Pass Estates MHC   671 0 0 2,223 1,445 0     60,000            
  41 SMF VI Springfield Storage   577 0 0 3,329 710 0                  

  

A-1-7

 

ANNEX A-1

 

          LARGEST TENANT (3), (22), (23), (24)   2nd LARGEST TENANT (3), (23), (24)   3rd LARGEST TENANT (3), (24)   4th LARGEST TENANT (3), (24)
                                       
        Single     Lease       Lease       Lease       Lease
  Loan # Seller(1) Property Name Tenant Largest Tenant Unit Size Expiration   2nd Largest Tenant Unit Size Expiration   3rd Largest Tenant Unit Size Expiration   4th Largest Tenant Unit Size Expiration
  1 GACC Marina Heights State Farm No State Farm 1,973,248 12/31/42   Mountainside Fitness 17,485 03/31/27   Compass 16,800 12/31/31   Honor Health 5,736 07/31/27
  2 SMF VI 1875 Atlantic Avenue No                              
  3 JPMCB Atlantic Times Square No AMC Theater 75,000 08/31/30   24 Hour Fitness 30,842 08/31/25   Atlantic Seafood and Dim Sum Restaurant 12,000 03/20/22   Teletron 6,205 01/31/26
  4 JPMCB Embassy Suites Glendale No                              
  5 GACC Sheraton Hotel Arlington No                              
  6 SMF VI Southland Shopping Center No LA Fitness 45,000 12/31/23   Fresh Thyme 28,709 07/31/28   Jo-Ann Fabrics          18,960 01/31/23   Harbor Freight 15,975 08/31/19
  7 BSP The Metropolitan at Wilton Manors No                              
  8 GACC DreamWorks Campus Yes DreamWorks 497,404 02/28/35                        
  9 JPMCB Meridian Corporate Center No                              
  9.01 JPMCB 2520 Meridian Parkway No Parexel International, LLC 103,899 12/31/26   Pappas Capital, LLC 7,817 10/31/21   NCS Pearson, Inc. 2,047 01/31/22   Chordoma Foundation 1,520 03/31/20
  9.02 JPMCB 2525 Meridian Parkway No Merritt, Webb, Wilson & Caruso PLLC   17,500 11/30/21   Nuventra, Inc. 15,151 08/31/23   MDB, Inc. 5,575 02/28/23   Gary Gaulden LLC 5,371 08/31/24
  9.03 JPMCB 2605 Meridian Parkway No Avaya, Inc. 49,387 05/31/27   Leidos Innovations Corporation 6,430 03/31/22   Piedmont Investment Advisors, LLC 6,003 11/30/20   Scriptorium Publishing SE 2,516 02/29/20
  9.04 JPMCB 2810 Meridian Parkway No Spoonflower, Inc. 44,384 02/28/25   Tergus Pharma, LLC 19,489 04/30/21   Family Health International 16,083 04/30/24   Qualyst Transporter Solutions, LLC 6,096 06/30/18
  9.05 JPMCB 2510 Meridian Parkway No BASF Corporation 21,226 09/30/21   Health Decisions 20,445 06/30/23   Cerner Corporation 12,190 09/30/24        
  9.06 JPMCB 2600 Meridian Parkway No Parata Systems, LLC 65,000 12/31/21                        
  9.07 JPMCB 2700 Meridian Parkway No NVIDIA Corporation 33,226 12/31/24   Professional Recover 18,411 05/31/20                
  9.08 JPMCB 2800 Meridian Parkway No EBSCO Publishing, Inc. 27,368 10/31/21   Connections Education 10,876 08/31/24   Parion Sciences, Inc. 9,248 11/30/20   Nuance Communications, Inc. 3,574 07/31/18
  9.09 JPMCB 2505 Meridian Parkway No Chimerix, Inc. 24,862 02/28/21   Unicorn HRO, LLC 11,393 12/31/22   Camargo Pharmaceutical Services, LLC 6,450 09/30/22        
  9.10 JPMCB 2500 Meridian Parkway No CrossFit 919 5,953 02/28/21   Polarean, Inc. 4,177 09/30/21   Café Meridian 3,153 08/31/19   Gentiva Health Services 1,900 05/31/19
  10 GACC Steelyard Commons No Aspire Fitness 30,038 10/31/32   Marshall’s 28,608 05/31/27   K&G 22,410 08/31/23   Party City 20,388 12/31/25
  11 BSP Constitution Plaza No XL America, Inc 126,183 12/31/27   Shipman & Goodwin, LLP 110,145 07/31/26   UCONN School of Business 63,241 06/30/27   The City of Hartford 47,954 06/30/28
  12 JPMCB U-Haul AREC 27 Portfolio No                              
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear No                              
  12.02 JPMCB U-Haul Moving & Storage Of New Center No                              
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland No                              
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road No                              
  12.05 JPMCB U-Haul Storage At Sharon Lane No                              
  12.06 JPMCB U-Haul Storage Of Scranton No                              
  12.07 JPMCB U-Haul Moving & Storage Of Prattville No                              
  12.08 JPMCB U-Haul Moving & Storage Of Nampa No                              
  13 SMF VI Northwest Business Center No The Original Mattress Factory 56,616 07/31/20   Commissions, Inc 38,073 01/31/22   Engineered Solutions 22,320 04/30/23   JSJ Partners/Prosource 16,740 09/30/23
  14 SMF VI Texas Hotel Portfolio No                              
  14.01 SMF VI Holiday Inn & Suites Beaumont No                              
  14.02 SMF VI Holiday Inn Express Van Horn No                              
  15 BSP Troy Hotel Portfolio No                              
  15.01 BSP TownePlace Suites by Marriott Troy No                              
  15.02 BSP Fairfield Inn & Suites by Marriott Troy No                              
  16 JPMCB Twelve Oaks Mall No Nordstrom 167,000 02/28/23   H&M 24,440 01/31/29   XXI Forever 22,996 01/31/25   Victoria’s Secret 14,798 01/31/25
  17 JPMCB Lakewood Forest Plaza No Stein Mart 30,658 03/31/24   Goodwill 15,206 11/30/19   El Palenque 5,585 12/31/18   The Egg & I 3,795 05/31/22
  18 SMF VI 5805 Sepulveda Boulevard No Caine & Weiner 16,791 03/31/25   Enterprise Fleet Management, Inc. 7,136 06/30/26   JSI Acquisitions Inc. 6,643 04/30/23   Power Brands Consulting, LLC 6,357 04/30/27
  19 GACC Lehigh Valley Mall No Bob’s Discount Furniture 30,204 03/31/28   Barnes & Noble 29,874 01/31/23   Modell’s Sporting Goods 13,882 01/31/22   Pottery Barn 13,011 01/31/20
  20 SMF VI 800 South Barranca No State of California Department of General Services 30,475 07/31/22   Regal Medical Group, Inc. 18,285 12/31/21   Think Together 9,033 02/29/24   Finance of America Mortgage, LLC 6,861 11/30/20
  21 JPMCB The Market at Cross Creek Ranch No Venetian Nails 4,173 08/31/28   Regions Bank 4,000 07/07/37   Twin Liquors 3,405 06/30/28   MOD Pizza 3,092 03/31/27
  22 GACC Weslaco Shopping Center No Beall’s 39,990 01/31/21   Ross Dress For Less 30,000 01/31/22   Planet Fitness 19,413 06/30/27   Dollar Tree 15,120 01/31/26
  23 JPMCB Guardian Self Storage 2-Pack No                              
  23.01 JPMCB Brush Creek No                              
  23.02 JPMCB North Huntingdon No                              
  24 GACC Greenmark at Andrews No                              
  25 GACC Northridge Medical Tower No El Proyecto Del Barrio, Inc. 4,589 11/30/22   United Imaging, LLC 3,989 12/31/27   Quest Diagnostics 3,406 11/30/18   Afshin Mazdeyasnan 1,745 10/31/22
  26 BSP Dam Neck Shopping Center No One Life Fitness 61,760 12/01/32   Big Lots 35,000 01/31/27   Warriors Brewing Co. 3,120 11/30/21   Windy City Pizza 2,000 01/14/20
  27 SMF VI Fort Knox Executive Park No Florida Agency for Healthcare Administration 226,931 02/28/35   Florida Department of Law Enforcement 23,993 04/30/22                
  28 SMF VI 8851 Santa Monica Boulevard No Revolver Bar 2,874 06/30/23   Blanks2Go, Inc. 1,800 02/28/23   Barber Surgeons’ Guild, PC 1,600 01/31/22   JQ International 850 02/28/20
  29 SMF VI Holiday Inn Express Albany No                              
  30 GACC Mezz 42 No                              
  31 SMF VI Adams Portfolio Various                              
  31.01 SMF VI 4626 Maryland Yes Einstein Bros Bagels 6,000 02/17/21                        
  31.02 SMF VI 4680 Maryland No Café Rio 2,800 03/31/19   Heavenly Bowl 1,500 08/31/21   Sweet Poke 1,500 07/31/20        
  31.03 SMF VI Sunset Property No Medizin 4,750 10/31/25   Café Berlin 2,492 11/30/21   Smoke Shop 1,160 07/31/20   Sin City Thai 1,160 09/30/22
  32 SMF VI City View Farms No                              
  33 GACC JHMR Powderhorn No                              
  34 SMF VI Fireside IL Storage Portfolio No                              
  34.01 SMF VI Larry Power Storage No                              
  34.02 SMF VI Armour Road Storage No                              
  35 BSP Aaron’s Rent Portfolio Yes                              
  35.01 BSP Aaron’s Rent - Charlotte, NC Yes Aaron’s 8,000 11/22/25                        
  35.02 BSP Aaron’s Rent - Lower Burrell, PA Yes Aaron’s 11,519 11/22/25                        
  35.03 BSP Aaron’s Rent - Houston, TX Yes Aaron’s 10,000 11/22/25                        
  35.04 BSP Aaron’s Rent - Pleasanton, TX Yes Aaron’s 10,000 11/22/25                        
  35.05 BSP Aaron’s Rent - Zanesville, OH Yes Aaron’s 8,000 11/22/25                        
  35.06 BSP Aaron’s Rent - Pearland, TX Yes Aaron’s 8,000 11/22/25                        
  35.07 BSP Aaron’s Rent - Demopolis, AL Yes Aaron’s 8,000 11/22/25                        
  36 GACC Fountaingrove Executive Center No Wells Fargo 7,911 05/31/21   In Home Health LLC 7,140 08/31/23   Mendocino Forest 6,785 11/30/23   Silicon Valley Bank 5,592 08/31/21
  37 SMF VI Shoppes at Schoolhouse Crossing No ONIX Group, LLC 15,000 04/30/31   Plaza Azteca 4,400 04/30/19   Snap Fitness 3,800 01/31/21   Kennett Square Cleaners 2,800 07/31/24
  38 SMF VI 1-21 Export Drive No Avitecture 29,960 07/31/25   Mil-Tek 15,094 11/30/19   Largo Marble & Granite 13,137 04/30/21   Women Giving Back 13,044 12/31/20
  39 BSP Taylor Industrial No Freezer & Dry Storage LLC 103,500 12/31/23   Chrysler Group LLC 44,800 06/30/21   Great Lakes HPP Detroit 43,720 08/31/22   Palmer Moving 33,400 12/31/23
  40 SMF VI Sunrise Pass Estates MHC No                              
  41 SMF VI Springfield Storage No                              

  

A-1-8

  

ANNEX A-1

 

        5th LARGEST TENANT (24)             Pari Passu Debt
                            Pari Passu Pari Passu Pari Passu Total Cut-off
            Lease   Loan   Lockbox Lockbox Cash Pari Passu Note Control Piece  In Trust Piece Non Trust Date Pari
  Loan # Seller(1) Property Name 5th Largest Tenant Unit Size Expiration   Purpose Principal / Carveout Guarantor(25)  (Y/N)  Type(26) Management(26) (Y/N)  (Y/N)(27) Cut-Off Balance Cut-Off Balance Passu Debt
  1 GACC Marina Heights State Farm         Acquisition Transwestern Investment Group, Corporate Properties Trust III, L.P. Yes Hard Springing Yes No 50,000,000 510,000,000 560,000,000
  2 SMF VI 1875 Atlantic Avenue         Refinance Joseph Brunner, Abraham Mandel, Solomon Feder No None None No NAP NAP NAP NAP
  3 JPMCB Atlantic Times Square Tokyo Wako 5,977 06/30/20   Refinance Ronnie Lam Yes Springing Springing Yes Yes 40,000,000 58,000,000 98,000,000
  4 JPMCB Embassy Suites Glendale         Refinance Ronnie Lam Yes Springing Springing Yes Yes 37,000,000 31,000,000 68,000,000
  5 GACC Sheraton Hotel Arlington         Refinance Allan Gutierrez Yes Hard Springing No NAP NAP NAP NAP
  6 SMF VI Southland Shopping Center PetSmart 15,471 09/30/22   Refinance David Pearson, Paul Pearson Yes Springing Springing No NAP NAP NAP NAP
  7 BSP The Metropolitan at Wilton Manors         Refinance Dean Jeremy Borg, Michael David Wohl, Richard Marti Finkelstein Yes Springing Springing No NAP NAP NAP NAP
  8 GACC DreamWorks Campus         Acquisition Hana Asset Management Co., LTD Yes Hard In Place Yes No 30,000,000 62,000,000 92,000,000
  9 JPMCB Meridian Corporate Center         Acquisition Accesso Investment Properties VI (US), LLLP, Accesso Investment Properties VI, LLLP Yes Hard In Place Yes No 30,000,000 45,705,000 75,705,000
  9.01 JPMCB 2520 Meridian Parkway                            
  9.02 JPMCB 2525 Meridian Parkway Spoonflower, Inc. 5,110 03/31/19                      
  9.03 JPMCB 2605 Meridian Parkway Emerginmed.Com 1,730 10/31/19                      
  9.04 JPMCB 2810 Meridian Parkway Orkin, LLC 3,532 11/30/20                      
  9.05 JPMCB 2510 Meridian Parkway                            
  9.06 JPMCB 2600 Meridian Parkway                            
  9.07 JPMCB 2700 Meridian Parkway                            
  9.08 JPMCB 2800 Meridian Parkway                            
  9.09 JPMCB 2505 Meridian Parkway                            
  9.10 JPMCB 2500 Meridian Parkway SSOE, Inc. 1,900 08/31/18                      
  10 GACC Steelyard Commons Old Navy 19,000 07/31/22   Refinance Mitchell C. Schneider Yes Hard Springing Yes Yes 30,000,000 14,250,000 44,250,000
  11 BSP Constitution Plaza State of Connecticut Department of Banking 30,144 12/31/20   Refinance Aaron Berger Yes Hard Springing Yes Yes 29,975,491 24,979,576 54,955,068
  12 JPMCB U-Haul AREC 27 Portfolio         Recapitalization AMERCO Yes Soft Springing No NAP NAP NAP NAP
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear                            
  12.02 JPMCB U-Haul Moving & Storage Of New Center                            
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland                            
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road                            
  12.05 JPMCB U-Haul Storage At Sharon Lane                            
  12.06 JPMCB U-Haul Storage Of Scranton                            
  12.07 JPMCB U-Haul Moving & Storage Of Prattville                            
  12.08 JPMCB U-Haul Moving & Storage Of Nampa                            
  13 SMF VI Northwest Business Center Sierra Wireless America, Inc. 13,924 01/31/22   Acquisition Jeffrey J. Katke, Daniel P. Culler, Richard M. Kent Yes Springing Springing No NAP NAP NAP NAP
  14 SMF VI Texas Hotel Portfolio         Refinance Bharat Bhakta Yes Springing Springing No NAP NAP NAP NAP
  14.01 SMF VI Holiday Inn & Suites Beaumont                            
  14.02 SMF VI Holiday Inn Express Van Horn                            
  15 BSP Troy Hotel Portfolio         Refinance Malik Abdi Abdulnoor Yes Springing Springing No NAP NAP NAP NAP
  15.01 BSP TownePlace Suites by Marriott Troy                            
  15.02 BSP Fairfield Inn & Suites by Marriott Troy                            
  16 JPMCB Twelve Oaks Mall Pottery Barn 10,299 01/31/20   Recapitalization The Taubman Realty Group Limited Partnership Yes Hard Springing Yes No 16,609,145 182,700,601 199,309,746
  17 JPMCB Lakewood Forest Plaza Dragon’s Lair Comics and Fantasy 3,789 03/31/22   Refinance Alan C. Fox Yes Springing Springing No NAP NAP NAP NAP
  18 SMF VI 5805 Sepulveda Boulevard Landmark Network Inc. 5,786 07/31/19   Refinance David B. Weiner Yes Springing Springing No NAP NAP NAP NAP
  19 GACC Lehigh Valley Mall New York & Company 11,306 03/31/19   Refinance Simon Property Group, L.P., Pennsylvania Real Estate Investment Trust Yes Hard Springing Yes No 14,852,082 183,175,679 198,027,762
  20 SMF VI 800 South Barranca Deok Song & Xiaojie Meng 2,968 01/31/19   Refinance John Davenport, Jeffrey K. Nickell, Mark Valentine Yes Springing Springing No NAP NAP NAP NAP
  21 JPMCB The Market at Cross Creek Ranch Memorial Herman 3,044 01/31/27   Refinance Jeffrey A. Read, C. Ewing King Yes Hard Springing No NAP NAP NAP NAP
  22 GACC Weslaco Shopping Center Melrose 12,000 12/31/20   Refinance Michael D. Starcher, James Nix, Jr. Yes Springing Springing No NAP NAP NAP NAP
  23 JPMCB Guardian Self Storage 2-Pack         Refinance Steven H. Cohen Yes Springing Springing No NAP NAP NAP NAP
  23.01 JPMCB Brush Creek                            
  23.02 JPMCB North Huntingdon                            
  24 GACC Greenmark at Andrews         Acquisition Bruce Woodward, James McCabe Yes Soft Springing No NAP NAP NAP NAP
  25 GACC Northridge Medical Tower David Velkoff, MD 1,710 02/29/20   Refinance Edward G. Hudson Yes Springing Springing No NAP NAP NAP NAP
  26 BSP Dam Neck Shopping Center Michael Ari Miller 1,800 02/28/23   Refinance Robert Raphael Yes Springing Springing No NAP NAP NAP NAP
  27 SMF VI Fort Knox Executive Park         Refinance Eightfold Opportunity Fund II, L.P., John Thomas Burnette Yes Hard In Place Yes No 7,962,419 26,873,166 34,835,585
  28 SMF VI 8851 Santa Monica Boulevard Blades Hair Salon 650 02/29/20   Refinance Michael Pashaie, Albert Taban Yes Springing Springing No NAP NAP NAP NAP
  29 SMF VI Holiday Inn Express Albany         Refinance Mahavirsinh Chudasama Yes Springing Springing No NAP NAP NAP NAP
  30 GACC Mezz 42         Refinance Anthony W. Birkla, David B. Anderson Yes Springing Springing No NAP NAP NAP NAP
  31 SMF VI Adams Portfolio         Refinance Lee Adams, Bert Adams Yes Springing Springing No NAP NAP NAP NAP
  31.01 SMF VI 4626 Maryland                            
  31.02 SMF VI 4680 Maryland                            
  31.03 SMF VI Sunset Property Phat Phranks 1,160 MTM                      
  32 SMF VI City View Farms         Refinance Robert L. Richardson, Jr. Yes Springing Springing No NAP NAP NAP NAP
  33 GACC JHMR Powderhorn         Acquisition James Gildea, Lane LaMure, Collin Vaughn Yes Springing Springing No NAP NAP NAP NAP
  34 SMF VI Fireside IL Storage Portfolio         Acquisition Kristie L. Bailey, Michael Bailey No None None No NAP NAP NAP NAP
  34.01 SMF VI Larry Power Storage                            
  34.02 SMF VI Armour Road Storage                            
  35 BSP Aaron’s Rent Portfolio         Refinance Donald Knapp, Dale Lenington Yes Hard Springing No NAP NAP NAP NAP
  35.01 BSP Aaron’s Rent - Charlotte, NC                            
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                            
  35.03 BSP Aaron’s Rent - Houston, TX                            
  35.04 BSP Aaron’s Rent - Pleasanton, TX                            
  35.05 BSP Aaron’s Rent - Zanesville, OH                            
  35.06 BSP Aaron’s Rent - Pearland, TX                            
  35.07 BSP Aaron’s Rent - Demopolis, AL                            
  36 GACC Fountaingrove Executive Center Vista Broadband Networks Inc 3,889 02/28/22   Refinance Matthew T. White, Bruce Cardinal Yes Springing Springing No NAP NAP NAP NAP
  37 SMF VI Shoppes at Schoolhouse Crossing Hand & Stone 2,400 09/30/18   Refinance Stephen Silver, Ronald Schafer Yes Springing Springing No NAP NAP NAP NAP
  38 SMF VI 1-21 Export Drive World Outreach Church 3,494 09/30/20   Acquisition Richard S. Cohen, Richard S. Cohen Revocable Trust U/A Dated June 21, 2007, as Amended Yes Springing Springing No NAP NAP NAP NAP
  39 BSP Taylor Industrial American Pulse Processing 14,700 04/30/19   Acquisition Paul K. Ross, Erik S. Stamell Yes Springing Springing No NAP NAP NAP NAP
  40 SMF VI Sunrise Pass Estates MHC         Refinance Jerome Fink, John Walsh Yes Springing Springing No NAP NAP NAP NAP
  41 SMF VI Springfield Storage         Acquisition Laurence S. Levy No None None No NAP NAP NAP NAP

  

A-1-9

  

ANNEX A-1

 

        Additional Debt   Total Debt
              Additional       Total Debt   Total Debt
        Addit Debt Addit Debt Additional Debt Cut-off Additional Debt   Total Debt  UW NCF Total Debt  UW NOI
  Loan # Seller(1) Property Name Permitted (Y/N)  Exist (Y/N)(28) Debt Type(s) Date Balance Interest Rate    Cut-off Balance  DSCR Current LTV %  Debt Yield %
  1 GACC Marina Heights State Farm No No NAP NAP NAP   560,000,000 3.12 58.3% 11.3%
  2 SMF VI 1875 Atlantic Avenue Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP
  3 JPMCB Atlantic Times Square No No NAP NAP NAP   98,000,000 1.86 59.8% 9.5%
  4 JPMCB Embassy Suites Glendale No No NAP NAP NAP   68,000,000 2.04 59.6% 11.3%
  5 GACC Sheraton Hotel Arlington No No NAP NAP NAP   NAP NAP NAP NAP
  6 SMF VI Southland Shopping Center No No NAP NAP NAP   NAP NAP NAP NAP
  7 BSP The Metropolitan at Wilton Manors No No NAP NAP NAP   NAP NAP NAP NAP
  8 GACC DreamWorks Campus No Yes Subordinate Debt 108,000,000 4.00000   200,000,000 2.07 67.3% 6.8%
  9 JPMCB Meridian Corporate Center Yes No Permitted Mezzanine NAP NAP   75,705,000 1.63 69.9% 11.0%
  9.01 JPMCB 2520 Meridian Parkway               1.63 69.9% 11.0%
  9.02 JPMCB 2525 Meridian Parkway               1.63 69.9% 11.0%
  9.03 JPMCB 2605 Meridian Parkway               1.63 69.9% 11.0%
  9.04 JPMCB 2810 Meridian Parkway               1.63 69.9% 11.0%
  9.05 JPMCB 2510 Meridian Parkway               1.63 69.9% 11.0%
  9.06 JPMCB 2600 Meridian Parkway               1.63 69.9% 11.0%
  9.07 JPMCB 2700 Meridian Parkway               1.63 69.9% 11.0%
  9.08 JPMCB 2800 Meridian Parkway               1.63 69.9% 11.0%
  9.09 JPMCB 2505 Meridian Parkway               1.63 69.9% 11.0%
  9.10 JPMCB 2500 Meridian Parkway               1.63 69.9% 11.0%
  10 GACC Steelyard Commons No No NAP NAP NAP   44,250,000 1.39 74.5% 9.4%
  11 BSP Constitution Plaza Yes Yes Mezzanine Loan (10,000,000)/Permitted Mezzanine 10,000,000 10.34500   64,955,068 1.13 68.8% 10.1%
  12 JPMCB U-Haul AREC 27 Portfolio No No NAP NAP NAP   NAP NAP NAP NAP
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear               NAP NAP NAP
  12.02 JPMCB U-Haul Moving & Storage Of New Center               NAP NAP NAP
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland               NAP NAP NAP
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road               NAP NAP NAP
  12.05 JPMCB U-Haul Storage At Sharon Lane               NAP NAP NAP
  12.06 JPMCB U-Haul Storage Of Scranton               NAP NAP NAP
  12.07 JPMCB U-Haul Moving & Storage Of Prattville               NAP NAP NAP
  12.08 JPMCB U-Haul Moving & Storage Of Nampa               NAP NAP NAP
  13 SMF VI Northwest Business Center No No NAP NAP NAP   NAP NAP NAP NAP
  14 SMF VI Texas Hotel Portfolio No No NAP NAP NAP   NAP NAP NAP NAP
  14.01 SMF VI Holiday Inn & Suites Beaumont               NAP NAP NAP
  14.02 SMF VI Holiday Inn Express Van Horn               NAP NAP NAP
  15 BSP Troy Hotel Portfolio No No NAP NAP NAP   NAP NAP NAP NAP
  15.01 BSP TownePlace Suites by Marriott Troy               NAP NAP NAP
  15.02 BSP Fairfield Inn & Suites by Marriott Troy               NAP NAP NAP
  16 JPMCB Twelve Oaks Mall No Yes Subordinate Debt 99,654,873 5.75000   298,964,619 1.58 54.1% 10.2%
  17 JPMCB Lakewood Forest Plaza No No NAP NAP NAP   NAP NAP NAP NAP
  18 SMF VI 5805 Sepulveda Boulevard No No NAP NAP NAP   NAP NAP NAP NAP
  19 GACC Lehigh Valley Mall No No NAP NAP NAP   198,027,762 2.07 44.5% 12.6%
  20 SMF VI 800 South Barranca No No NAP NAP NAP   NAP NAP NAP NAP
  21 JPMCB The Market at Cross Creek Ranch No No NAP NAP NAP   NAP NAP NAP NAP
  22 GACC Weslaco Shopping Center No No NAP NAP NAP   NAP NAP NAP NAP
  23 JPMCB Guardian Self Storage 2-Pack No No NAP NAP NAP   NAP NAP NAP NAP
  23.01 JPMCB Brush Creek               NAP NAP NAP
  23.02 JPMCB North Huntingdon               NAP NAP NAP
  24 GACC Greenmark at Andrews No No NAP NAP NAP   NAP NAP NAP NAP
  25 GACC Northridge Medical Tower Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP
  26 BSP Dam Neck Shopping Center No No NAP NAP NAP   NAP NAP NAP NAP
  27 SMF VI Fort Knox Executive Park No No NAP NAP NAP   34,835,585 1.58 61.3% 11.8%
  28 SMF VI 8851 Santa Monica Boulevard No No NAP NAP NAP   NAP NAP NAP NAP
  29 SMF VI Holiday Inn Express Albany No No NAP NAP NAP   NAP NAP NAP NAP
  30 GACC Mezz 42 No No NAP NAP NAP   NAP NAP NAP NAP
  31 SMF VI Adams Portfolio No No NAP NAP NAP   NAP NAP NAP NAP
  31.01 SMF VI 4626 Maryland               NAP NAP NAP
  31.02 SMF VI 4680 Maryland               NAP NAP NAP
  31.03 SMF VI Sunset Property               NAP NAP NAP
  32 SMF VI City View Farms No No NAP NAP NAP   NAP NAP NAP NAP
  33 GACC JHMR Powderhorn No No NAP NAP NAP   NAP NAP NAP NAP
  34 SMF VI Fireside IL Storage Portfolio No No NAP NAP NAP   NAP NAP NAP NAP
  34.01 SMF VI Larry Power Storage               NAP NAP NAP
  34.02 SMF VI Armour Road Storage               NAP NAP NAP
  35 BSP Aaron’s Rent Portfolio No No NAP NAP NAP   NAP NAP NAP NAP
  35.01 BSP Aaron’s Rent - Charlotte, NC               NAP NAP NAP
  35.02 BSP Aaron’s Rent - Lower Burrell, PA               NAP NAP NAP
  35.03 BSP Aaron’s Rent - Houston, TX               NAP NAP NAP
  35.04 BSP Aaron’s Rent - Pleasanton, TX               NAP NAP NAP
  35.05 BSP Aaron’s Rent - Zanesville, OH               NAP NAP NAP
  35.06 BSP Aaron’s Rent - Pearland, TX               NAP NAP NAP
  35.07 BSP Aaron’s Rent - Demopolis, AL               NAP NAP NAP
  36 GACC Fountaingrove Executive Center No No NAP NAP NAP   NAP NAP NAP NAP
  37 SMF VI Shoppes at Schoolhouse Crossing No No NAP NAP NAP   NAP NAP NAP NAP
  38 SMF VI 1-21 Export Drive No No NAP NAP NAP   NAP NAP NAP NAP
  39 BSP Taylor Industrial Yes No Permitted Future Affiliate Debt NAP NAP   NAP NAP NAP NAP
  40 SMF VI Sunrise Pass Estates MHC Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP
  41 SMF VI Springfield Storage No No NAP NAP NAP   NAP NAP NAP NAP

  

A-1-10

  

ANNEX A-1

 

        HOTEL OPERATING STATISTICS  
                                       
        2015 2015 2015 2016 2016 2016 2017 2017 2017 Most Recent Most Recent Most Recent UW UW UW  
  Loan # Seller(1) Property Name Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($) Occupancy %  ADR ($)  RevPAR ($) Loan #
  1 GACC Marina Heights State Farm                               1
  2 SMF VI 1875 Atlantic Avenue                               2
  3 JPMCB Atlantic Times Square                               3
  4 JPMCB Embassy Suites Glendale 85.9% 187.47 161.07 88.4% 202.51 178.99 88.7% 193.12 171.30 88.1% 193.86 170.73 88.1% 193.86 170.73 4
  5 GACC Sheraton Hotel Arlington 75.2% 133.80 100.63 73.4% 137.57 100.92 72.6% 144.18 104.69       72.6% 144.18 104.69 5
  6 SMF VI Southland Shopping Center                               6
  7 BSP The Metropolitan at Wilton Manors                               7
  8 GACC DreamWorks Campus                               8
  9 JPMCB Meridian Corporate Center                               9
  9.01 JPMCB 2520 Meridian Parkway                               9.01
  9.02 JPMCB 2525 Meridian Parkway                               9.02
  9.03 JPMCB 2605 Meridian Parkway                               9.03
  9.04 JPMCB 2810 Meridian Parkway                               9.04
  9.05 JPMCB 2510 Meridian Parkway                               9.05
  9.06 JPMCB 2600 Meridian Parkway                               9.06
  9.07 JPMCB 2700 Meridian Parkway                               9.07
  9.08 JPMCB 2800 Meridian Parkway                               9.08
  9.09 JPMCB 2505 Meridian Parkway                               9.09
  9.10 JPMCB 2500 Meridian Parkway                               9.10
  10 GACC Steelyard Commons                               10
  11 BSP Constitution Plaza                               11
  12 JPMCB U-Haul AREC 27 Portfolio                               12
  12.01 JPMCB U-Haul Moving & Storage Of Goodyear                               12.01
  12.02 JPMCB U-Haul Moving & Storage Of New Center                               12.02
  12.03 JPMCB U-Haul Moving & Storage Of South Vineland                               12.03
  12.04 JPMCB U-Haul Moving & Storage At Eakin Road                               12.04
  12.05 JPMCB U-Haul Storage At Sharon Lane                               12.05
  12.06 JPMCB U-Haul Storage Of Scranton                               12.06
  12.07 JPMCB U-Haul Moving & Storage Of Prattville                               12.07
  12.08 JPMCB U-Haul Moving & Storage Of Nampa                               12.08
  13 SMF VI Northwest Business Center                               13
  14 SMF VI Texas Hotel Portfolio 67.4% 79.97 53.90 61.3% 86.62 53.10 70.6% 100.05 70.60 75.8% 102.32 77.56 75.8% 102.32 77.56 14
  14.01 SMF VI Holiday Inn & Suites Beaumont 67.4% 79.97 53.90 61.3% 86.62 53.10 72.4% 98.27 71.15 76.8% 101.01 77.58 76.8% 101.01 77.58 14.01
  14.02 SMF VI Holiday Inn Express Van Horn             64.3% 106.92 68.75 72.4% 107.06 77.51 72.4% 107.06 77.51 14.02
  15 BSP Troy Hotel Portfolio             75.7% 121.74 92.10 77.4% 122.21 94.62 77.4% 122.21 94.62 15
  15.01 BSP TownePlace Suites by Marriott Troy             77.8% 123.82 96.37 76.9% 126.49 97.26 76.9% 126.49 97.26 15.01
  15.02 BSP Fairfield Inn & Suites by Marriott Troy             73.6% 119.61 87.98 77.9% 118.13 92.07 77.9% 118.13 92.07 15.02
  16 JPMCB Twelve Oaks Mall                               16
  17 JPMCB Lakewood Forest Plaza                               17
  18 SMF VI 5805 Sepulveda Boulevard                               18
  19 GACC Lehigh Valley Mall                               19
  20 SMF VI 800 South Barranca                               20
  21 JPMCB The Market at Cross Creek Ranch                               21
  22 GACC Weslaco Shopping Center                               22
  23 JPMCB Guardian Self Storage 2-Pack                               23
  23.01 JPMCB Brush Creek                               23.01
  23.02 JPMCB North Huntingdon                               23.02
  24 GACC Greenmark at Andrews                               24
  25 GACC Northridge Medical Tower                               25
  26 BSP Dam Neck Shopping Center                               26
  27 SMF VI Fort Knox Executive Park                               27
  28 SMF VI 8851 Santa Monica Boulevard                               28
  29 SMF VI Holiday Inn Express Albany 64.3% 91.13 58.60 54.3% 105.05 57.04 68.7% 104.91 72.07 70.4% 102.64 72.26 70.4% 102.64 72.26 29
  30 GACC Mezz 42                               30
  31 SMF VI Adams Portfolio                               31
  31.01 SMF VI 4626 Maryland                               31.01
  31.02 SMF VI 4680 Maryland                               31.02
  31.03 SMF VI Sunset Property                               31.03
  32 SMF VI City View Farms                               32
  33 GACC JHMR Powderhorn                               33
  34 SMF VI Fireside IL Storage Portfolio                               34
  34.01 SMF VI Larry Power Storage                               34.01
  34.02 SMF VI Armour Road Storage                               34.02
  35 BSP Aaron’s Rent Portfolio                               35
  35.01 BSP Aaron’s Rent - Charlotte, NC                               35.01
  35.02 BSP Aaron’s Rent - Lower Burrell, PA                               35.02
  35.03 BSP Aaron’s Rent - Houston, TX                               35.03
  35.04 BSP Aaron’s Rent - Pleasanton, TX                               35.04
  35.05 BSP Aaron’s Rent - Zanesville, OH                               35.05
  35.06 BSP Aaron’s Rent - Pearland, TX                               35.06
  35.07 BSP Aaron’s Rent - Demopolis, AL                               35.07
  36 GACC Fountaingrove Executive Center                               36
  37 SMF VI Shoppes at Schoolhouse Crossing                               37
  38 SMF VI 1-21 Export Drive                               38
  39 BSP Taylor Industrial                               39
  40 SMF VI Sunrise Pass Estates MHC                               40
  41 SMF VI Springfield Storage                               41

 

A-1-11

 

Footnotes to Annex A-1

  

(1) With respect to Loan No. 1, Marina Heights State Farm, the whole loan was acquired from Goldman Sachs Mortgage Company.

With respect to Loan No. 8, DreamWorks Campus, the mortgage loan was acquired from Cantor Commercial Real Estate Lending, L.P.

With respect to Loan No. 16, Twelve Oaks Mall, the whole loan was co-originated by JPMCB, Goldman Sachs Mortgage Company and Wells Fargo Bank, National Association.

With respect to Loan No. 19, Lehigh Valley Mall, the mortgage loan was acquired from Cantor Commercial Real Estate Lending, L.P.
   
(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. 3, Atlantic Times Square, Units and Occupancy % shown represent the aggregate of the retail and multifamily components of the property with 212,838 square feet of retail space and 166,538 square feet attributable to 100 multifamily units.

With respect to Loan No. 10, Steelyard Commons, Applebee’s, Burger King, Chipotle, Guthries, IHOP, KeyBank, Steak ‘n Shake and Taco Bell, ground lease their respective premises from the borrower.

With respect to Loan No. 16, Twelve Oaks Mall, the mortgaged property is anchored by Macy’s, Sears, Nordstrom, JC Penney and Lord & Taylor. Nordstrom ground leases its pad from the borrower, and the borrower’s fee interest in the land is included as collateral for the whole loan. The remaining anchor tenants own their land and improvements.

With respect to Loan No. 19, Lehigh Valley Mall, Macy’s, which is an anchor tenant at the property, ground leases its premises from the borrower.

With respect to Loan No. 21, The Market at Cross Creek Ranch, the 2nd Largest Tenant, Regions Bank, ground leases its pad site from the borrower.

With respect to Loan No. 30, Mezz 42, the property includes 42 residential units and 3 commercial office units totaling 8,728 square feet.

With respect to Loan No. 33, JHMR Powderhorn, the property is a 25-unit multifamily employee housing development, with 24 of the units master leased to Jackson Hole Mountain Resort Corporation.
   
(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. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.

With respect to Loan No. 1, Marina Heights State Farm, the UW NOI ($) and UW NCF ($) are based on the adjusted underwritten net operating income and net cash flow, as detailed in the preliminary prospectus.

With respect to Loan No. 5, Sheraton Hotel Arlington, approximately 29.0% of UW Revenues ($) are comprised of food and beverage revenues.

With respect to Loan No. 6, Southland Shopping Center, Fresh Thyme, the 2nd Largest Tenant is currently building out its space. Fresh Thyme is expected to open for business in July 2018 and to begin paying rent in September 2018. All rental amounts through Fresh Thyme’s rent commencement date were escrowed at closing, along with unpaid tenant improvements. Additionally, the space has been delivered by the borrower to Fresh Thyme and Fresh Thyme does not have the right to terminate its lease in connection with the delivery of its space.

 

A-1-12

 

 

With respect to Loan No. 10, Steelyard Commons, the Largest Tenant, Aspire Fitness, representing approximately 11.3% of the net rentable area, has commenced paying rent on its space but is not yet open for business; Aspire Fitness is anticipated to open for business by June 2018. 

 

With respect to Loan No. 16, Twelve Oaks Mall, the 2nd Largest Tenant, H&M, has executed a lease to relocate to a new suite at the mortgaged property and is anticipated to take occupancy and begin paying rent for the new suite in November 2018. H&M has the right to terminate its lease if the landlord does not deliver the new suite by March 2019.

With respect to Loan No. 21, The Market at Cross Creek Ranch, the 3rd Largest Tenant, Twin Liquors, has executed a lease and taken occupancy but has not yet commenced paying rent.

With respect to Loan No. 25, Northridge Medical Tower, three tenants at the mortgaged property that account for approximately 20.0% of net rentable area, have free rent periods of no more than one month per year in select years. These include United Imaging, LLC, the 2nd Largest Tenant, which accounts for 12.0% of net rentable area and has $5,549 in free rent in December 2024, December 2025 and December 2026. All free rent, in the aggregate amount of $42,034, was reserved at loan origination.

With respect to Loan No. 26, Dam Neck Shopping Center, the Largest Tenant, One Life Fitness, and the 2nd Largest Tenant, Big Lots, have each recently executed leases and taken occupancy, but have not yet commenced paying rent. At origination, the lender reserved $303,839 in a free rent reserve, which equals three months of free rent for One Life Fitness ($114,256) and two months of free rent and 16 additional months of half-abated rent for Big Lots ($189,583).

With respect to Loan No. 27, Fort Knox Executive Park, the property is currently 89.9% occupied. The Largest Tenant, Florida Agency for Healthcare Administration, currently leases 246,163 square feet at a rent of $19.14 per square foot. In connection with a 15-year lease renewal which commences in March 2020, the tenant will downsize to 226,931 square feet and the rent will reset to $23.90 per square foot. Following the downsizing, the related property will be 83.5% occupied.

   
  With respect to Loan No. 36, Fountaingrove Executive Center, the 2nd Largest Tenant, In Home Health LLC, which leases approximately 19.1% of the net rentable area, is not yet in occupancy of its space. In Home Health LLC is anticipated to take possession of their space in July 2018 and begin paying rent in August 2018. The In Home Health LLC will have an a free rent period for the first 24 months following the date they begin paying rent, all of which has been reserved for. In addition, In Home Health LLC is entitled to a $128,444 tenant improvement allowance, which has been reserved for.

With respect to Loan No. 39, Taylor Industrial, Occupancy % includes the 4th Largest Tenant, Palmer Moving. Palmer Moving’s lease expires in December 2023 and may be terminated if either the tenant or the landlord gives 90 days’ prior notice. The space leased to Palmer Moving was underwritten as vacant. The Occupancy % excluding Palmer Moving is 86.1%.
   
(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. 5, Sheraton Hotel Arlington, the Appraised Value ($) represents the “Prospective Market Value Upon Completion of the Renovation and Stabilization” value of $59.5 million for the mortgaged properties, effective October 1, 2018, which assumes the completion of the required property improvement plan (“PIP”) at the mortgaged property. At loan origination, the borrower reserved $892,160, which represents 100% of the estimated aggregate cost of the PIPs. The “as-is” appraised value for the Sheraton Hotel Arlington mortgaged property is $53.0 million, which results in a Current LTV % of 68.3% and a Maturity/ARD LTV % of 63.6%.

With respect to Loan No. 9, Meridian Corporate Center, the Appraised Value ($) for certain portions of the mortgaged property (composed of buildings 2500, 2510, 2525, 2700, 2800, 2810 and 2605) represents the “as-is hypothetical” value, effective February 13, 2018, which assumes tenant improvement costs and leasing commissions being incurred for the first year of the loan term would not be incurred by a hypothetical buyer in the event that such portion of the property were sold. At origination, the borrower was required to reserve $3,125,744 for outstanding tenant improvements and leasing commissions related to nine tenants at the mortgaged property.

 

A-1-13

 

 

The aggregate of the “as-is” appraised values for the mortgaged property equals $106,100,000, which results in a Current LTV % of 71.4% and a Maturity LTV % of 65.4%.

With respect to Loan No. 13, Northwest Business Center, the Appraised Value ($) represents the “hypothetical as-is” value of $34,200,000, which assumes planned renovations and capital expenditures at a cost of $4,083,000 were completed at the property as of February 7, 2018. At origination, the borrower deposited $3,889,670 for the planned renovations and capital expenditures. The “as-is” value as of February 7, 2018 is $30,100,000, which results in a Current LTV % and Maturity LTV % of 75.6% and 68.6%, respectively.


With respect to Loan No. 21, The Market at Cross Creek Ranch, the Appraised Value ($) represents the hypothetical “as complete” value of $16,800,000 plus the “as-is” value of $3,500,000 of the pad site ground leased to Regions Bank by the borrower. The hypothetical “as complete” value assumes that all tenant improvements and leasing commissions have been completed and funded as of the origination date. At origination, the borrower was required to reserve $589,731 for tenant improvements and leasing commissions in connection with seven tenants. The “as-is” appraised value of the mortgaged property as of February 9, 2018 is $16,050,000 plus the “as-is” value of $3,500,000 of the pad site, which results in a Current LTV % of 68.1% and a Maturity LTV % of 62.6%.

With respect to Loan No. 27, Fort Knox Executive Park, the Appraised Value ($) represents the “hypothetical as-is” value of $56,800,000, which assumes Florida Agency for Healthcare Administration’s new lease has commenced and that all tenant improvements and capital expenditures have been paid as of January 16, 2018. At origination, the borrower deposited $4,114,678 for outstanding tenant improvements and leasing commissions and AHCA gap rent. The “as-is” value as of January 16, 2018 is $54,400,000, which results in a Current LTV % and Maturity LTV % of 64.0% and 48.3%, respectively.

   
(5) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.

With respect to Loan No. 15, Troy Hotel Portfolio, the allocated Original Balance ($) is based on the pro-rata allocation of the respective underwriting net cash flows.
   
(6) With respect to Loan Nos. 1, 3, 4, 8, 9, 10, 11, 16, 19 and 27, Marina Heights State Farm, Atlantic Times Square, Embassy Suites Glendale, DreamWorks Campus, Meridian Corporate Center, Steelyard Commons, Constitution Plaza, Twelve Oaks Mall, Lehigh Valley Mall and Fort Knox Executive Park, in each case, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information.
   
(7) Each number identifies a group of related borrowers.

With respect to Loan Nos. 13, 17 and 36 Northwest Business Center, Lakewood Forest Plaza and Fountaingrove Executive Center the borrowers own the mortgaged property as tenants-in-common.
   
(8) For each mortgage loan, 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, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).

For each mortgage loan, 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, the Asset Representations Reviewer 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 ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.

 

A-1-14

 

(10) With respect to all mortgage loans, except for the mortgage loans listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.

With respect to Loan No. 11, Constitution Plaza, Monthly Debt Service ($) and Annual Debt Service ($) is based on the sum of the first 12 principal and interest payments after the Cut-off Date based on schedule set forth on Annex F to this Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this payment schedule.

With respect to Loan No. 16, Twelve Oaks Mall, Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments after the cut-off date based on the assumed principal payment schedule set forth in Annex G to this Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this payment schedule.
   
(11) With respect to Loan No. 1, Marina Heights State Farm, the whole loan has an ARD feature with an anticipated repayment date of January 6, 2028, with an increased interest rate equal to the sum of (x) the greater of (i) 3.55950% per annum and (ii) the 10-year swap rate as of the anticipated repayment date plus (y) 3.00000%, until the Final Mat Date of January 6, 2033. From the first payment date after the ARD until the final maturity date, the Marina Heights State Farm whole loan requires amortization based on a 30-year schedule (assuming the initial interest rate). Please see “Risk Factors—Risks Relating to the Mortgage Loans—Risks of Anticipated Repayment Date Loans” in the Preliminary Prospectus for additional details.

With respect to Loan No. 8, DreamWorks Campus, the whole loan has an ARD feature with an anticipated repayment date of December 6, 2022, with an increased interest rate equal to the greater of (i) 2.2978260% (with respect to promissory notes A-1, A-2, A-3, A-4 and A-5) or 4.00000% (with respect to promissory note B), as applicable, plus 3.00000% or (ii) the five-year swap yield as of the anticipated repayment date plus 3.00000%. From the first payment date after the ARD until the Final Mat Date, the DreamWorks Campus borrower is required to make principal payments in an amount equal to excess cash flow. Please see “Risk Factors—Risks Relating to the Mortgage Loans—Risks of Anticipated Repayment Date Loans” in the Preliminary Prospectus for additional details.

With respect to Loan No. 12, U-Haul AREC 27 Portfolio, the mortgage loan has an ARD feature with an anticipated repayment date of April 1, 2028. From and after the anticipated repayment date, the loan documents provide for an increase in the interest rate (the “Extension Term Interest Rate”) equal to 300 basis points in excess of the greater of (a) the initial term interest rate of 4.335% (the “Initial Term Interest Rate”) and (b) the 10-year swap yield as of the ARD plus 135 basis points; provided that the Extension Term Interest Rate may not exceed the Initial Term Interest Rate plus 5.0%. The Final Mat Date is April 1, 2038. Please see “Risk Factors—Risks Relating to the Mortgage Loans—Risks of Anticipated Repayment Date Loans” in the Preliminary Prospectus for additional details.
   
(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.

In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash sweep period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents.

With respect to Loan No. 3, Atlantic Times Square, the lockout period will be at least 26 payment dates beginning with and including the first payment date of May 1, 2018. The actual lockout period may be longer. Defeasance of the $98.0 million Atlantic Times Square Whole Loan is permitted at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized (the “Permitted Defeasance Date”). The borrower is also permitted to prepay the Atlantic Times Square Whole Loan with the payment of a yield maintenance premium if the Permitted Defeasance Date has not occurred prior to May 1, 2021 (such earlier date, the “Permitted Release Date”).

With respect to Loan No. 4, Embassy Suites Glendale, the lockout period for defeasance will be at least 24 payments beginning with and including the first payment date of July 1, 2018. Defeasance of the full $68.0 million Embassy Suites Glendale Whole Loan is permitted at any time after the date that is two years from the closing date of the securitization that includes the note to be last securitized (the “REMIC Prohibition Period”). If the

 

A-1-15

 

 

REMIC Prohibition Period has not expired prior to July 1, 2021, the borrower is permitted to prepay the Embassy Suites Glendale Whole Loan with a yield maintenance premium. The assumed lockout period of 24 payments is based on the expected JPMDB 2018-C8 securitization closing date in June 2018. The actual lockout period may be longer.

 

With respect to Loan No. 7, The Metropolitan at Wilton Manors, the borrower may voluntarily prepay the mortgage loan in an amount equal to $333,333 on each payment date in June and December commencing June 2023 each time without penalty.

With respect to Loan No. 8, DreamWorks Campus, the lockout period will be at least 30 payment dates beginning with and including the first payment date of January 6, 2018. Defeasance of the full $200.0 million DreamWorks Campus 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; or (ii) January 6, 2021. The actual lockout period may be longer.

With respect to Loan No. 10, Steelyard Commons, the lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of May 6, 2018. Defeasance of the full Steelyard Commons Whole Loan is permitted at any time after the earlier to occur of (i) April 3, 2021 and (ii) two years after the closing date of the final securitization that holds a promissory note evidencing all or a portion of the Steelyard Commons Whole Loan based on the expected JPMDB 2018-C8 securitization closing. The actual lockout period may be longer.

With respect to Loan No. 11, Constitution Plaza, the lockout period will be at least 25 payments beginning with and including the first payment on June 6, 2018. Defeasance of the full $55.0 million Constitution Plaza Whole Loan is permitted at any time beginning two years after the closing date of the final securitization that includes the last note to be securitized. The assumed lockout period of 25 months is based on the expected JPMDB 2018-C8 securitization closing date in June 2018. The actual lockout period may be longer. 

   
  With respect to Loan No. 27, Fort Knox Executive Park, the lockout period is required to be at least 27 payments beginning with and including the first payment date of April 6, 2018. Defeasance of the full $35.0 million whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) February 12, 2021. The assumed lockout period of 27 payments is based on the expected closing date of the JPMDB 2018-C8 securitization in June 2018. The actual lockout period may be longer.

With respect to Loan No. 27, Fort Knox Executive Park, in connection with a partial release, the borrower may partially prepay, on no more than two occasions, the underlying mortgage loan before the related lockout date in an amount equal to (x) the greatest of (A) $750,000, (B) an amount which would result in a DSCR following such release of no less than the greater of (i) 1.55x or (ii) the DSCR immediately prior to such release, (C) an amount which would be necessary to maintain a consistent LTV ratio for the remaining property once the release has been completed and (D) an amount which would result in a debt yield no less than the greater of 11.2% or the debt yield immediately prior to such release, plus (y) the greater of (A) the present value of the remaining payments of principal and interest applicable to the amount prepaid until maturity of the underlying whole loan or (B) 1.0% of the amount prepaid.
   
(13) With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed, renovated and/or acquired.

With respect to Loan Nos. 1, 2, 7, 9, 15, 21, 22, 24, 30 and 33, Marina Heights State Farm, 1875 Atlantic Avenue, The Metropolitan at Wilton Manors, Meridian Corporate Center, Troy Hotel Portfolio, The Market at Cross Creek Ranch, Weslaco Shopping Center, Greenmark at Andrews, Mezz 42 and JHMR Powderhorn, in each case, the related property is newly or recently acquired, renovated or built and some historical financials may not be available.

With respect to Loan No. 8, DreamWorks Campus, the related property was owned by DreamWorks prior to executing a sale-leaseback transaction in 2015 and some historical financials may not be available.

With respect to Loan No. 9, Meridian Corporate Center, the property level historical financials are unavailable as property level expense reporting was not provided by the sponsor. In addition, historical occupancy was reported at the portfolio level as the buildings were treated as a single business park by the seller.

 

A-1-16

 

 

With respect to Loan No. 12, U-Haul AREC 27 Portfolio, certain of the mortgaged properties are newly acquired and, therefore, some historical financials may not be available. In addition, 2015 Occupancy % for some of the individual properties are unavailable because such individual properties were not yet owned by the borrowers at that time.

With respect to Loan No. 14, Texas Hotel Portfolio, the Holiday Inn Express Van Horn mortgaged property was developed in 2016 and opened for business in December 2016. As such, 2015 and 2016 financials represent operations from only the Holiday Inn & Suites Beaumont mortgaged property.

 

With respect to Loan No. 25, Northridge Medical Tower, 2015 historical financials were not available. However publically available DBUBS 2011-LC3 securitization reports captured key financial metrics including effective gross income, expenses and net operating income used in analysis.

With respect to Loan No. 27, Fort Knox Executive Park, 2015 and 2016 historical cash flow information is not available due to a previous sponsor’s default on a prior loan secured by the related property. The current sponsors acquired the property following foreclosure in April 2017. Historical financials were not provided by the prior owner. Additionally, the most recent financials represent trailing six months annualized ending in November 2017.

With respect to Loan No. 32, City View Farms, the loan sponsor bought out the majority equity partner and converted the property manager. As such, 2015 financials are not available and the remaining historical financials are based on a trailing 12 month period ending in January of each respective year.

With respect to Loan No. 35, Aaron’s Rent Portfolio, historical financials are not presented as the single tenant at each mortgaged property operates under a net lease.

   
(14) In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.

With respect to Loan No. 6, Southland Shopping Center, the UW NOI ($) is over 10% higher than 2017 NOI ($), primarily driven by Fresh Thyme and Texas Roadhouse which have not yet opened for business. Both tenants have taken possession of their respective spaces, and rental amounts through the tenants’ respective rent commencement dates have been escrowed at closing, along with unpaid tenant improvements. Fresh Thyme is expected to open for business in July 2018 and to begin paying rent in September 2018. Texas Roadhouse is expected to begin paying rent in July 2018 and to open for business in August 2018. Additionally, both spaces have been delivered by the borrower to the respective tenants and neither tenant has the right to terminate its lease in connection with the delivery of its space.

With respect to Loan No. 10, Steelyard Commons, UW NOI ($) is over 10% higher than Most Recent NOI ($), because UW NOI ($) reflects rents from newly signed leases in 2017 and 2018 accounting for $438,816 in annual rent and $253,763 in recoveries, which include the new lease for the Largest Tenant, Aspire Fitness, accounting for 8.0% of gross potential rent.

With respect to Loan No. 11, Constitution Plaza, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by new leases, increase in rent and rent steps taken through March 1, 2019.

With respect to Loan No. 12, U-Haul AREC 27 Portfolio, UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by increased occupancy from an average of 88.0% over the trailing twelve months as of March 2018 to 93.2% UW Economic Occupancy %. In addition, the UW NOI ($) reflects higher rents for units following the rebranding of the properties to U-Haul.
 
With respect to Loan No. 13, Northwest Business Center, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily because 36 new leases, lease extensions or expansions have been executed at the property, comprising 27.7% of the net rentable area and $1,128,136 in rental income (34.6% of underwritten base rent). As such, net operating income has grown each year, including new leases that are only partially reflected in the Most Recent NOI ($).

With respect to Loan No. 18, 5805 Sepulveda Boulevard, the UW NOI ($) is over 10% higher than 2017 NOI ($), primarily because the loan sponsor backfilled space previously occupied by a large single tenant with multiple tenants at higher rents. Since that time, the loan sponsor has signed 10 new leases totaling 46,296 square feet (52.8% net rentable area). The leasing throughout 2017 and into 2018 disrupted the net operating income

 

A-1-17

 

 

performance at the property for 2017; however the property is now 100% leased to 21 tenants. The UW NOI ($) is based on the in-place rent roll and thus results in a higher net operating income than was achieved in 2017.

With respect to Loan No. 26, Dam Neck Shopping Center, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily due to re-tenanting, which contributed to the increase in rental income. The low collections in 2017 were due to transition after the prior major tenant Kmart (79.5% of net rentable area at the time) vacated.

With respect to Loan No. 32, City View Farms, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily because underwritten payroll and benefits expense line item was reduced by approximately $64,000 versus the trailing 12 month period ending in January 2018 due to the elimination of two employees that were managing non-collateral assets.

With respect to Loan No. 36, Fountaingrove Executive Center, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by a new lease signed by In Home Health, LLC, the 2nd Largest Tenant, accounting for 19.1% of the net rentable area and 17.9% of the underwritten base rent.

 

With respect to Loan No. 39, Taylor Industrial, UW NOI ($) is more than 10% higher than the Most Recent NOI ($) primarily due to contractual rent steps underwritten for the 2nd Largest Tenant, Chrysler Group LLC, and the 3rd Largest Tenant space, Great Lakes HPP Detroit, expanding its space. Underwritten base rent for Chrysler Group LLC is inclusive of rent steps through April 2019. Great Lakes HPP Detroit expanded its space in February 2018, increasing annual rent per square foot from $5.26 to $5.67. 

   
(15) With respect to Loan No. 1, Marina Heights State Farm, the mortgaged property is exempt from property taxes because the ground lessor is a tax exempt government agency. The ground lease prohibits the ground lessor from transferring the fee to any entity that is not the State of Arizona or a political subdivision thereof that is exempt from property taxes. The lender did not underwrite any property taxes.

With respect to Loan No. 2, 1875 Atlantic Avenue, the property benefits from a 15-year 421A real estate tax abatement, which is slated to terminate in 2034. The abatement sets a discounted assessed value for the property of $339,384 for 15 years, which begins to phase out in year 2030 by 20%, followed by an additional phase-out each year through 2034. Taxes were underwritten to include the value of the 421A real estate tax abatement.
   
(16) Except for the mortgage loan listed below, 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. 11, Constitution Plaza, UW NOI DSCR and UW NCF DSCR were calculated based on the sum of the first 12 principal and interest payments after the Cut-off Date based on the assumed principal payment schedule set forth in Annex F to the Preliminary Prospectus.
   
(17) In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.

With respect to Loan No. 1, Marina Heights State Farm, the mortgaged property has been divided into multiple leasehold condominium units, all of which are owned by the borrower.

With respect to Loan No. 3, Atlantic Times Square, the mortgaged property is subject to two condominium declarations. The commercial condominium regime consists of two units (the underground parking garage and the retail units) which are owned by the borrower and are part of the mortgaged property. The residential condominiums consist of three buildings with a total of 210 units. The borrower owns two buildings totaling 100 units (47.62%) and such units are part of the mortgaged property.

With respect to Loan No. 12, U-Haul AREC 27 Portfolio, one of the borrowers owns the fee interest in the mortgaged properties, and the other borrower owns a leasehold interest pursuant to an operating lease between the two borrowers. Both the fee and leasehold interests have been pledged as security for the mortgage loan.

With respect to Loan No. 12, U-Haul AREC 27 Portfolio, the loan documents permit the borrowers to acquire either a fee simple estate in vacant land that is adjacent and contiguous to any existing mortgaged property or a leasehold estate in a non-contiguous property that is operated as a self-storage facility by an affiliate of the

 

A-1-18

 

 

borrower, in each case upon satisfaction of certain terms and conditions set forth in the loan documents. Please see “Description of the Mortgage Pool—Partial Releases” in the prospectus for additional information.

With respect to Loan No. 16, Twelve Oaks Mall, the borrower has the right to acquire the fee estate to one or more anchor pads (other than the Nordstrom anchor pad) subject to the satisfaction of certain terms and conditions set forth in the loan documents. Please see “Description of the Mortgage Pool—Partial Releases” in the prospectus for additional information.


With respect to Loan No. 19 Lehigh Valley Mall, mortgage property is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease.

With respect to Loan No. 37, Shoppes at Schoolhouse Crossing, the mortgaged property consists of one unit in a condominium with a total of five units. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests” for additional information.

With respect to Loan No. 37, Shoppes at Schoolhouse Crossing, the fee interest in the Mortgaged Property is held by a sponsor-affiliate of the related borrower, the Malchione Schafer Silver Protective Trust I (the “Malchione Trust”). The Malchione Trust has granted the borrower a leasehold interest in the Mortgaged Property pursuant to the terms of a ground lease between the Malchione Trust, as lessor, and the borrower, as lessee. Pursuant to the related mortgage, the lender has a lien on both the fee and leasehold interests in the Mortgaged Property. Pursuant to the terms of the ground lease, the Malchione Trust is prohibited from further encumbering its interest in the Mortgaged Property. The ground lease is scheduled to terminate on March 1, 2047, beyond the stated maturity date of the Mortgage Loan. 

   
(18) With respect to all 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.
   
(19) 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.
   
(20) 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 trigger in the respective mortgage loan documents.

With respect to Loan No. 3, Atlantic Times Square, if AMC Theater has failed to renew the management agreement for the Largest Tenant, AMC Theater (the “AMC Management Agreement”), during the initial term or any subsequent renewal term thereof, on or before the date that is one (1) year prior to the then-current expiration of the AMC Management Agreement and no cure has occurred, then all excess cash flow is required to be deposited in the Monthly Other Reserve ($) for tenant improvement and leasing commission obligations incurred by the borrower with respect to the space, subject to a cap of $2,000,000.

With respect to Loan No. 7, The Metropolitan at Wilton Manors, the borrower is required to deposit $2,983 on each monthly payment date commencing in June 2021 into the Monthly Capex Reserve ($). With regards to the Credit Support Reserve, upon the occurrence of a cash sweep period (as defined in the loan agreement) commencing solely due to the debt service coverage ratio being less than 1.25x, the borrower may, but is not required to, deposit into an eligible account held by lender or servicer an amount equal to $103,750; provided that notice of the borrower’s intent to provide such deposit is delivered no later than the day on which financial statements are required to be delivered for the applicable testing period.

With respect to Loan No. 9, Meridian Corporate Center, prior to the second anniversary of the first monthly debt service payment date, the requirement to make the monthly deposit of $57,642 into the Monthly TI/LC Reserve ($) is waived to the extent the amount of funds on deposit in the Monthly TI/LC Reserve ($) is equal to or greater than $1,300,000 on the payment date such monthly deposit is due.
   
  With respect to Loan No. 9, Meridian Corporate Center, the borrower is required to escrow $5,492 into the Monthly Other Reserve ($) on each payment date through and including August 1, 2022 for free rent related to Avaya, the fourth largest tenant at the property. Such monthly escrows cover the rent abatement period beginning

 

A-1-19

 

 

in August 2022 through January 2024. Rent abatements occurring in the periods beginning in April 2018 through February 2019 have been reserved for at closing.

With respect to Loan No. 11, Constitution Plaza, the borrower is required to deposit $3,797 into the Monthly Other Reserve ($) on each payment date through and including June 2022 for the Hartford Business Improvement District reserve.

With respect to Loan No. 12, U-Haul AREC 27 Portfolio, the borrowers are required to deposit $7,653 into the Monthly Capex Reserve ($) on each payment date when the funds in the reserve are less than the related Capex Reserve Cap ($).

With respect to Loan No. 14, Texas Hotel Portfolio, a Monthly Capex Reserve ($) is required under the loan documents in the amount of 2% of gross revenues beginning with the first payment date in June 2018 and up to and including the payment date in May 2019, 3% of gross revenues beginning with the payment date in June 2019 and up to and including the payment date in May 2020 and 4% of gross revenues beginning with the payment date in June 2020 and continuing through the remaining term of the loan.

With respect to Loan No. 15, Troy Hotel Portfolio, on the date that any PIP is imposed by the franchisor, pursuant to the franchise agreement, the borrower must escrow an amount equal to 125% of the sum required to pay for such PIP, provided however if such PIP requires FF&E expenditures, such portion of the PIP may be funded using funds held in the FF&E reserve account and the amount to be deposited in the PIP Reserve Account will be reduced by the then-current amount of the funds held in the FF&E reserve account.

 

With respect to Loan No. 16, Twelve Oaks Mall, the borrower is permitted to deliver letters of credit in lieu of its obligations to fund the Monthly Tax Reserve ($), Monthly TI/LC Reserve ($) and Monthly Capex Reserve ($) under the loan documents.

With respect to Loan No. 20, 800 South Barranca, a Monthly TI/LC Reserve ($) is required under the loan documents in the amount of $20,000 per month beginning with the first payment date in May 2018 and up to and including the payment date in May 2021 and $8,334 per month thereafter.

With respect to Loan No. 21, The Market at Cross Creek Ranch, the borrower is required to deposit $3,871 into the Monthly TI/LC Reserve ($) on each payment date commencing on the payment date in June 2020.

With respect to Loan No. 23, Guardian Self Storage 2-Pack, the borrower is required to deposit $1,298 into the Monthly Capex Reserve ($) on each payment date during any period of time when the debt service coverage ratio (as calculated in the loan documents) is less than 1.75x based on the trailing three month period.

With respect to Loan No. 28, 8851 Santa Monica Boulevard, if occupancy at the mortgaged property falls below 80% for six consecutive months, a Monthly TI/LC Reserve ($) is required under the loan documents in the amount of $1,200 per month. The Monthly TI/LC Reserve ($) is currently suspended.

With respect to Loan No. 31, Adams Portfolio, a Monthly TI/LC Reserve ($) is required under the loan documents in the amount of $3,754 beginning with the first payment date in February 2018 and up to and including the payment date in January 2020 and $1,877 per month thereafter.

 

 
With respect to Loan No. 35, Aaron’s Rent Portfolio, Monthly Capex Reserve ($) and Monthly TI/LC Reserve ($) are only applicable during the period commencing upon the earlier of the date on which (i) lender disburses (a) capital expenditure reserve funds in accordance with the terms set forth in the loan agreement or (b) leasing reserve funds in accordance with the terms set forth in the loan agreement, or (ii) the date on which the debt yield is less than 11.50%. The Monthly Capex Reserve ($) during this period would be $794 and the Monthly TI/LC Reserve ($) would be $3,705.

With respect to Loan No. 39, Taylor Industrial, on any monthly payment date on which the amount of leasing reserve funds on deposit is less than $200,000, the borrower is required to deposit into the leasing reserve account, an amount equal to the lesser of (x) $7,004 and (y) the amount required to cause the funds then on deposit in the leasing reserve account to equal or exceed $350,000. With respect to the lease sweep reserve, on each monthly payment date during the continuance of a “specified tenant event period” as defined in the loan documents, the borrower is required to deposit the greater of (x) an amount equal to 50% of the contractual monthly rent then due and payable under the specified tenant lease that caused the applicable specified tenant

 

A-1-20

 

  event(s) to occur, and (y) $25,000, provided, however, in lieu of making the foregoing deposits into the lease sweep reserve account, the borrower may deliver to the lender a letter of credit in an amount equal to 50% of the monthly rent due and payable from the specified tenant(s) that caused the applicable specified tenant event(s) to occur (provided however, such monthly amount will not be less than $25,000), multiplied by the number of months then remaining until expiration under the applicable specified tenant lease.
   
(21) 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. 9, Meridian Corporate Center, the TI/LC Reserve Cap ($) will increase to $2,075,115 on or after the second anniversary of the first payment date.
   
(22) 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. 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.

With respect to Loan No. 9.01, Meridian Corporate Center – 2520 Meridian Parkway, the Largest Tenant, Parexel International, LLC, subleases 8,951 square feet of its leases premises to AroundCampus, LLC.

With respect to Loan No. 9.06, Meridian Corporate Center – 2600 Meridian Parkway, the Largest Tenant, Parata Systems, LLC, subleases its entire leased premises to Frontier Communications of America, Inc.

With respect to Loan No. 31.01, Adams Portfolio – 4626 Maryland, the sole tenant at the 4626 Maryland mortgaged property, Einstein Bros Bagels, subleases 1,650 square feet to Wells Fargo and 1,590 square feet to Mr. Sandwich.
   
(23) 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. 1, Marina Heights State Farm, the Largest Tenant, State Farm, leases 7,154 square feet with an expiration date in March 2027, 426,902 square feet with an expiration date in December 2032, 370,332 square feet with an expiration date in December 2035, 347,851 square feet with an expiration date in December 2037, 245,370 square feet with an expiration date in December 2039 and 575,639 square feet with an expiration date in December 2042.

With respect to Loan No. 13, Northwest Business Center, the 2nd Largest Tenant, Commissions, Inc leases 34,145 square feet of space with a lease expiration in January 2022 and 3,928 square feet with a lease expiration in October 2020.
   
(24) 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. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.

With respect to Loan No. 9.01, Meridian Corporate Center – 2520 Meridian Parkway, the Largest Tenant, Parexel International, LLC, has the right to contract a portion of its leased space located on the third floor as of August 31, 2020, with notice by March 1, 2020 and the payment of a termination fee. In addition, the 4th Largest Tenant, Avaya, Inc., has the right to terminate its lease as of July 31, 2024, with one year’s notice and the payment of a termination fee.

With respect to Loan No. 10, Steelyard Commons, the 4th Largest Tenant, Party City, may terminate its lease in December 2021, with 12-months’ notice and the satisfaction each of the following conditions: (i) Party City has continuously operated in the Steelyard Commons Property between December 1, 2018 and November 30, 2020 (ii) sales between December 1, 2019 and November 30, 2020 shall not have exceeded $1.7 million (compared to approximately $1.5 million reported as of trailing 12-month period ended January 31, 2018) and (iii) subject to a termination fee of remaining unamortized portion of the improvement allowance.

 

A-1-21

 

  With respect to Loan No. 11, Constitution Plaza, the 2nd Largest Tenant, Shipman & Goodwin, LLP, has a termination option to terminate its lease on one full floor of the Mortgaged Property (10,977 square feet; 1.7% of net rentable area). The 4th Largest Tenant, The City of Hartford, has the right to terminate its lease, effective on the last business day of any month after February 28, 2023, provided that (i) the tenant gives notice to the landlord at least 12 months prior to the termination date and (ii) the tenant has elected to a relocate to property owned by it, and the tenant actually relocated to such property. The 5th Largest Tenant, State of Connecticut Department of Banking, has the right to terminate the lease after the three-year anniversary of the its lease term in the event that space becomes available in a state owned facility and the tenant moves into a State of Connecticut owned facility. Such termination requires notice at least 180 days in advance of the termination date.

With respect to Loan No. 16, Twelve Oaks Mall, the 2nd Largest Tenant, H&M, has the right to terminate its lease effective as of the last day of the fifth lease year (ending December 2023) if gross sales during the fourth lease year are not at least equal to $6,500,000.

With respect to Loan No. 18, 5805 Sepulveda Boulevard, the Largest Tenant, Caine & Weiner, has the right to terminate its lease in February 2023 with nine months’ notice.

With respect to Loan No. 20, 800 South Barranca, the Largest Tenant, State of California Department of General Services, has the right to terminate its lease any time after July 2018 with 30 days’ notice. The 3rd Largest Tenant, Think Together, has the right to terminate its lease in June 2021 with 180 days’ notice. Additionally, Think Together has the right to terminate its lease at the effective the last day of the calendar month of the initial term of its lease if it loses 50% of its local school district contracts in any calendar year with six months’ notice.
   
  With respect to Loan No. 21, The Market at Cross Creek Ranch, the 3rd Largest Tenant, Twin Liquors, has a one-time right to terminate its lease by providing written notice no later than on the 365th day after the effective date of the amendment of the applicable laws permitting such sale of distilled spirits in grocery stores, drug stores or discount houses in the State of Texas and a payment of a termination fee. Such termination will be effective 90 days following the date of the landlord’s receipt of such early termination notice and such termination fee. In addition, the 5th Largest Tenant, Memorial Herman, has a one-time to terminate its lease as of the 90th day after the expiration of the fifth lease year of the lease term, with written notice no later than the 210th day prior to the expiration of the fifth lease year and the payment of a termination fee.

With respect to Loan No. 27, Fort Knox Executive Park, the Largest Tenant and 2nd Largest Tenant, Florida Agency for Healthcare Administration and Florida Department of Law Enforcement each have the right to terminate their respective leases with six months’ notice in the event space becomes available in state-owned buildings.

With respect to Loan No. 36, Fountaingrove Executive Center, the 2nd Largest Tenant, In Home Health LLC, may terminate its lease in June 2021 upon a 12 months’ prior notice and subject to a termination fee of remaining unamortized portion of the improvement allowance plus $80,325.

With respect to Loan No. 39, Taylor Industrial, the 4th Largest Tenant, Palmer Moving, has a lease expiring in December 2023. The Palmer Moving lease may be terminated by either the landlord or the tenant with 90 days’ notice. The Occupancy % excluding Palmer Moving is 86.1%.
   
(25) In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.

With respect to Loan No. 1, Marina Heights State Farm, there is no Carveout Guarantor for the whole loan, and the borrower is the sole party responsible for breaches or violations of the nonrecourse carve-out provisions in the loan documents and the environmental indemnity.

With respect to Loan No. 8, DreamWorks Campus, there is no Carveout Guarantor for the whole loan, and the borrower is the sole party responsible for breaches or violations of the nonrecourse carve-out provisions in the loan documents and for the environmental indemnity.

With respect to Loan No. 19, Lehigh Valley Mall, the obligations and liabilities of the Carveout Guarantor under the non-recourse carveout guaranty is capped at $40,000,000, plus all reasonable out-of-pocket costs and

 

A-1-22

 

  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.
   
(26) The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.

With respect to Loan No. 3, Atlantic Times Square, upon the occurrence and during the continuance of a lockbox trigger period, the borrower will also be required to (i) deliver tenant direction letters to all commercial tenants at the Mortgaged Property instructing such tenants to pay rents directly into the lockbox account and (ii) collect rents from the multifamily tenants and deposit such rents into the lockbox account one business day following receipt of funds.

With respect to Loan No. 7, The Metropolitan at Wilton Manors, the cash sweep period will not commence until three business days after the Credit Support Notice Date (as defined in the loan agreement) occurs.

With respect to Loan No. 11, Constitution Plaza, the whole loan is in a cash flow sweep as of the Cut-off Date and all excess cash flow will be collected until (i) an additional $750,000 has been deposited into the leasing reserve account and (ii) $325,000 has been paid to MSCO Real Estate Advisors LLC.

With respect to Loan No. 16, Twelve Oaks Mall, the whole loan is characterized as having a Hard Lockbox, except that the borrower is permitted to maintain a bank account (which will not be under the control of the lender) into which rents from operators of carts, kiosks or similar facilities or persons who are parties to a license agreement for a term of one year or less, or miscellaneous amounts received by the borrower that are not rents, payments, reimbursements or other amounts paid under any lease, may be deposited, and utilize such funds for operating the mortgaged property (the “Kiosk Account”). The loan documents also require that, on each business day, any funds in excess of $150,000 on deposit in the Kiosk Account are required to be remitted to a borrower controlled account. Upon the occurrence of certain trigger cash sweep periods under the loan documents, funds in the Kiosk Account in excess of $50,000 are required to be transferred to the cash management account and disbursed in accordance with the loan documents.
   
(27) With respect to Loan No. 9, Meridian Corporate Center, the related Whole Loan will initially be serviced by the master servicer and special servicer pursuant to the pooling and servicing agreement for this transaction. From and after the date on which the related lead servicing Companion Loan is securitized, it is anticipated that the related Whole Loan will be serviced under and by the master servicer and special servicer designated in the related pooling and servicing agreement entered into in connection with such securitization.
   
(28) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Existing Mezzanine Debt,” “—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. 11, Constitution Plaza, the borrower is permitted to obtain additional mezzanine financing only if the debt is obtained in connection with, (i) a transfer of the property and the assumption of the Constitution Plaza whole loan, (ii) the mezzanine lender does not approve of such transfer and related assumption under the Constitution Plaza mezzanine loan documents and (iii) the Constitution Plaza mezzanine loan will be fully repaid in accordance with the terms of the loan documents. The replacement mezzanine financing must satisfy the following conditions, among others, (i) no event of default has occurred or is continuing, (ii) after giving effect to the permitted mezzanine loan, (a) the LTV will not be greater than 68.9% and (b) DSCR shall not be less than 1.13x.

With respect to Loan No. 16, Twelve Oaks Mall, prior to origination of the related whole loan, the mortgaged property did not secure a mortgage loan but was included in a pool of assets supporting corporate borrowing by a parent of the borrower. The entities that own the mortgaged property and certain other assets are guarantors under Taubman Centers, Inc.’s primary unsecured revolving credit facility (net balance of $678.9 million as of September 30, 2017), $475 million unsecured term loan, and $300 million unsecured term loan, and are unencumbered assets under such facility and term loans. The proceeds of the related whole loan were used to repay a portion of the outstanding corporate loan, fund reserves and pay origination costs.

 

A-1-23

 

  With respect to Loan No. 19, Lehigh Valley Mall, the loan documents permit the borrower to enter into a “Property-Assessed Clean Energy loan”, incurred for improvements to the property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and repaid through multi-year assessments against the property, for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and rating agency confirmation.

With respect to Loan No. 39, Taylor Industrial, the borrower has the right, subject to lender’s approval, to incur permitted future affiliate debt upon the satisfaction of the conditions specified in the loan documents. The permitted future affiliate debt is defined as any unsecured indebtedness incurred from time to time by the borrower from one or more of its partners in aggregate amount not to exceed $200,000 at any time, which indebtedness (i) is evidenced by a promissory note on market terms in form and substance satisfactory to the lender, (ii) is subordinate to the mortgage loan pursuant to a subordination and standstill agreement acceptable to lender, (iii) is not payable upon the occurrence and during the continuance of a cash sweep period, and (iv) the proceeds thereof are used by the borrower solely in connection with the mortgaged property or the mortgaged loan.

 

A-1-24