FWP 1 n1781-x3_anxa1.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-228697-02

 

 

 

 

 

 

 

CF 2019-CF2

 

 

 

 

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (File No. 333-228697) for the offering to which this communication relates.  Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov.  Alternatively, the depositor or Cantor Fitzgerald & Co., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling 1-212-915-1700 or by emailing legal@ccre.com.  The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.  You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

 

 

 

 

 

This free writing prospectus does not contain all information that is required to be included in the prospectus. This free writing prospectus should be reviewed only in conjunction with the entire prospectus.

 

 

 

 

 

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

 

 

 

 

 

This material is for your information, and none of Cantor Fitzgerald & Co., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc., CastleOak Securities, L.P., Drexel Hamilton, LLC or any other underwriter (the “Underwriters”) are soliciting any action based upon it.  This material is not to be construed as an offer to sell or a solicitation of an offer to buy any security in any state or other jurisdiction where such an offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates.  Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.

 

 

 

 

 

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever.  The information contained herein is preliminary as of the date hereof and may be amended and/or supplemented prior to the time of sale. These materials are subject to change, completion or amendment from time to time.  The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the CF 2019-CF2 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-CF2 (the “Offering Document”).  The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document.  All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document.  The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties.  Such information is described elsewhere in the Offering Document.  The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

 

 

 

 

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the mortgage loan sellers.  Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein.  As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance.  The Computational Materials should not be construed as either projections, forecasts, predictions, opinions or as legal, tax, financial or accounting advice.  You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities.  Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods.  In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials.  The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials.  The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance.  None of the Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.

 

 

 

 

 

This document contains forward-looking statements.  These statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein.  While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances.  Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the depositor’s view only as of the date hereof.

 

 

 

 

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

 

 

 

 

 

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded.  Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

 

 

 

 

 

 

 

 

 

 

                                         
      % of   Mortgage   Cut-off   Maturity   General Detailed     Net Mortgage Interest Original Remaining Original Remaining
Property     Initial Pool # of Loan Original Date   or ARD   Property Property Interest Administrative Interest Accrual Term to Term to Amortization Amortization
Flag ID Property Name Balance Properties Seller (1) Balance($) Balance($)   Balance($)(4)   Type Type Rate(4) Fee Rate(27) Rate Basis Maturity or ARD(4) Maturity or ARD(4) Term Term
Loan 1 GNL Office and Industrial Portfolio 8.5% 12 KeyBank 68,000,000 68,000,000   68,000,000   Various Various 3.6500% 0.0225% 3.6275% Actual/360 120 120 0 0
Property 1.01 Quest Diagnostics, Inc. 2.3% 1 KeyBank 18,617,063 18,617,063       Office R&D Lab                
Property 1.02 Encompass Health Corporation 1.7% 1 KeyBank 13,692,973 13,692,973       Office Suburban                
Property 1.03 AT&T Services, Inc. 1.6% 1 KeyBank 12,506,051 12,506,051       Office CBD                
Property 1.04 Up Central Leasing LLC 0.4% 1 KeyBank 3,568,675 3,568,675       Industrial Manufacturing                
Property 1.05 ComDoc, Inc. 0.4% 1 KeyBank 3,414,785 3,414,785       Industrial Manufacturing                
Property 1.06 Stanley Convergent Security Solutions, Inc. 0.4% 1 KeyBank 3,376,776 3,376,776       Office Suburban                
Property 1.07 EQT Gathering, LLC 0.3% 1 KeyBank 2,804,032 2,804,032       Industrial Warehouse/Distribution                
Property 1.08 Metal Technologies, Inc. 0.3% 1 KeyBank 2,340,092 2,340,092       Industrial Manufacturing                
Property 1.09 Heatcraft Refrigeration Products, LLC 0.3% 1 KeyBank 2,314,086 2,314,086       Industrial Warehouse/Distribution                
Property 1.10 Hanes Companies, Inc. 0.3% 1 KeyBank 2,054,726 2,054,726       Industrial Warehouse/Distribution                
Property 1.11 FedEx Ground Package System, Inc. 0.2% 1 KeyBank 1,907,742 1,907,742       Industrial Warehouse/Distribution                
Property 1.12 Cummins, Inc. 0.2% 1 KeyBank 1,402,999 1,402,999       Industrial Manufacturing                
Loan 2 Uline Arena 5.2% 1 CCRE 42,000,000 42,000,000   42,000,000   Mixed Use Office/Retail 4.0400% 0.0134% 4.0266% Actual/360 120 118 0 0
Loan 3 Ocean Edge Resort & Golf Club 5.0% 1 KeyBank 40,000,000 40,000,000   31,487,929   Hospitality Full Service 3.7500% 0.0228% 3.7272% Actual/360 120 120 360 360
Loan 4 Inland Life Storage Portfolio 4.9% 32 KeyBank 39,505,000 39,505,000   34,012,944   Self Storage Self Storage 3.8090% 0.0228% 3.7862% Actual/360 120 118 360 360
Property 4.01 Life Storage - 586 0.4% 1 KeyBank 2,865,649 2,865,649       Self Storage Self Storage                
Property 4.02 Life Storage - 145 0.3% 1 KeyBank 2,326,012 2,326,012       Self Storage Self Storage                
Property 4.03 Life Storage - 364 0.3% 1 KeyBank 2,308,086 2,308,086       Self Storage Self Storage                
Property 4.04 Life Storage - 365 0.3% 1 KeyBank 2,232,973 2,232,973       Self Storage Self Storage                
Property 4.05 Life Storage - 212 0.2% 1 KeyBank 1,935,242 1,935,242       Self Storage Self Storage                
Property 4.06 Life Storage - 386 0.2% 1 KeyBank 1,823,595 1,823,595       Self Storage Self Storage                
Property 4.07 Life Storage - 256 0.2% 1 KeyBank 1,749,163 1,749,163       Self Storage Self Storage                
Property 4.08 Life Storage - 206 0.2% 1 KeyBank 1,656,120 1,656,120       Self Storage Self Storage                
Property 4.09 Life Storage - 324 0.2% 1 KeyBank 1,633,025 1,633,025       Self Storage Self Storage                
Property 4.10 Life Storage - 236 0.2% 1 KeyBank 1,562,024 1,562,024       Self Storage Self Storage                
Property 4.11 Life Storage - 184 0.2% 1 KeyBank 1,432,824 1,432,824       Self Storage Self Storage                
Property 4.12 Life Storage - 500 0.2% 1 KeyBank 1,330,481 1,330,481       Self Storage Self Storage                
Property 4.13 Life Storage - 288 0.2% 1 KeyBank 1,321,174 1,321,174       Self Storage Self Storage                
Property 4.14 Life Storage - 299 0.2% 1 KeyBank 1,320,620 1,320,620       Self Storage Self Storage                
Property 4.15 Life Storage - 209 0.2% 1 KeyBank 1,302,566 1,302,566       Self Storage Self Storage                
Property 4.16 Life Storage - 035 0.1% 1 KeyBank 1,136,017 1,136,017       Self Storage Self Storage                
Property 4.17 Life Storage - 074 0.1% 1 KeyBank 1,118,977 1,118,977       Self Storage Self Storage                
Property 4.18 Life Storage - 252 0.1% 1 KeyBank 1,079,270 1,079,270       Self Storage Self Storage                
Property 4.19 Life Storage - 033 0.1% 1 KeyBank 995,535 995,535       Self Storage Self Storage                
Property 4.20 Life Storage - 205 0.1% 1 KeyBank 994,015 994,015       Self Storage Self Storage                
Property 4.21 Life Storage - 300 0.1% 1 KeyBank 986,231 986,231       Self Storage Self Storage                
Property 4.22 Life Storage - 026 0.1% 1 KeyBank 874,580 874,580       Self Storage Self Storage                
Property 4.23 Life Storage - 361 0.1% 1 KeyBank 817,932 817,932       Self Storage Self Storage                
Property 4.24 Life Storage - 165 0.1% 1 KeyBank 716,412 716,412       Self Storage Self Storage                
Property 4.25 Life Storage - 208 0.1% 1 KeyBank 688,500 688,500       Self Storage Self Storage                
Property 4.26 Life Storage - 211 0.1% 1 KeyBank 669,892 669,892       Self Storage Self Storage                
Property 4.27 Life Storage - 021 0.1% 1 KeyBank 624,809 624,809       Self Storage Self Storage                
Property 4.28 Life Storage - 298 0.1% 1 KeyBank 595,460 595,460       Self Storage Self Storage                
Property 4.29 Life Storage - 297 0.1% 1 KeyBank 426,006 426,006       Self Storage Self Storage                
Property 4.30 Life Storage - 153 0.0% 1 KeyBank 362,858 362,858       Self Storage Self Storage                
Property 4.31 Life Storage - 075 0.0% 1 KeyBank 334,946 334,946       Self Storage Self Storage                
Property 4.32 Life Storage - 152 0.0% 1 KeyBank 284,004 284,004       Self Storage Self Storage                
Loan 5 Bushwick Avenue Portfolio 4.5% 3 SMC 36,000,000 36,000,000   36,000,000   Various Various 3.7100% 0.0141% 3.6959% Actual/360 120 119 0 0
Property 5.01 340 Evergreen Avenue 2.3% 1 SMC 18,540,000 18,540,000       Multifamily Mid-Rise                
Property 5.02 871 Bushwick Avenue 1.4% 1 SMC 10,980,000 10,980,000       Mixed Use Multifamily/Office                
Property 5.03 889 Bushwick Avenue 0.8% 1 SMC 6,480,000 6,480,000       Multifamily Mid-Rise                
Loan 6 Flamingo Pines Plaza 4.2% 1 KeyBank 33,500,000 33,372,181   26,967,918   Retail Anchored 4.3700% 0.0221% 4.3479% Actual/360 120 117 360 357
Loan 7 The Stanwix 4.1% 1 CCRE 33,000,000 33,000,000   33,000,000   Multifamily Mid-Rise 3.0000% 0.0334% 2.9666% Actual/360 120 119 0 0
Loan 8 Hilton Portfolio 3.7% 7 SMC 30,000,000 30,000,000   24,798,083   Hospitality Various 4.3000% 0.0142% 4.2858% Actual/360 120 119 360 360
Property 8.01 Hampton Inn Bartonsville 0.7% 1 SMC 5,691,176 5,691,176       Hospitality Limited Service                
Property 8.02 Homewood Suites Leesburg 0.6% 1 SMC 5,117,647 5,117,647       Hospitality Extended Stay                
Property 8.03 Hampton Inn Leesburg 0.6% 1 SMC 4,897,059 4,897,059       Hospitality Limited Service                
Property 8.04 Hampton Inn Faxon 0.5% 1 SMC 4,235,294 4,235,294       Hospitality Limited Service                
Property 8.05 Homewood Suites Ocala 0.5% 1 SMC 4,014,706 4,014,706       Hospitality Extended Stay                
Property 8.06 Hampton Inn Williamsport 0.4% 1 SMC 3,176,471 3,176,471       Hospitality Limited Service                
Property 8.07 Hampton Inn Bermuda Run 0.4% 1 SMC 2,867,647 2,867,647       Hospitality Limited Service                
Loan 9 Southbridge Park 3.6% 1 CCRE 29,000,000 29,000,000   29,000,000   Multifamily Cooperative 3.1775% 0.0334% 3.1441% Actual/360 120 120 0 0
Loan 10 Grand Canal Shoppes 3.1% 1 CCRE 25,000,000 25,000,000   25,000,000   Retail Specialty Retail 3.7408% 0.0146% 3.7262% Actual/360 120 117 0 0
Loan 11 Gemstone - Inland Portfolio 3.0% 8 KeyBank 23,919,000 23,919,000   23,919,000   Manufactured Housing Manufactured Housing 4.7500% 0.0221% 4.7279% Actual/360 84 80 0 0
Property 11.01 Sunset Village 0.9% 1 KeyBank 6,988,075 6,988,075       Manufactured Housing Manufactured Housing                

A-1-1 

 

                                         
      % of   Mortgage   Cut-off   Maturity   General Detailed     Net Mortgage Interest Original Remaining Original Remaining
Property     Initial Pool # of Loan Original Date   or ARD   Property Property Interest Administrative Interest Accrual Term to Term to Amortization Amortization
Flag ID Property Name Balance Properties Seller (1) Balance($) Balance($)   Balance($)(4)   Type Type Rate(4) Fee Rate(27) Rate Basis Maturity or ARD(4) Maturity or ARD(4) Term Term
Property 11.02 Suncoast 0.4% 1 KeyBank 3,076,028 3,076,028       Manufactured Housing Manufactured Housing                
Property 11.03 Tropic Breeze 0.3% 1 KeyBank 2,444,231 2,444,231       Manufactured Housing Manufactured Housing                
Property 11.04 Lakewood 0.2% 1 KeyBank 1,863,487 1,863,487       Manufactured Housing Manufactured Housing                
Property 11.05 Kozy 0.4% 1 KeyBank 3,037,739 3,037,739       Manufactured Housing Manufactured Housing                
Property 11.06 Capital 0.3% 1 KeyBank 2,610,158 2,610,158       Manufactured Housing Manufactured Housing                
Property 11.07 Try Mor 0.3% 1 KeyBank 2,188,959 2,188,959       Manufactured Housing Manufactured Housing                
Property 11.08 Sunny Acres 0.2% 1 KeyBank 1,710,323 1,710,323       Manufactured Housing Manufactured Housing                
Loan 12 Woodlands Mall 2.7% 1 GACC 21,400,000 21,400,000   21,400,000   Retail Super Regional Mall 4.2560% 0.0134% 4.2426% Actual/360 120 118 0 0
Loan 13 MI-SC Storage Portfolio 2.6% 16 KeyBank 21,130,000 21,130,000   16,602,609   Self Storage Self Storage 3.7000% 0.0721% 3.6279% Actual/360 120 120 360 360
Property 13.01 Solo Storage - Dove Rd 0.3% 1 KeyBank 2,498,390 2,498,390       Self Storage Self Storage                
Property 13.02 Port Huron Self Storage 0.3% 1 KeyBank 2,146,223 2,146,223       Self Storage Self Storage                
Property 13.03 Lapeer Self Storage - Demille 0.3% 1 KeyBank 2,139,579 2,139,579       Self Storage Self Storage                
Property 13.04 Marion Self Storage - White’s Mini Storage 0.2% 1 KeyBank 1,813,991 1,813,991       Self Storage Self Storage                
Property 13.05 Fort Gratiot Self Storage 0.2% 1 KeyBank 1,740,899 1,740,899       Self Storage Self Storage                
Property 13.06 Lapeer Self Storage - Luzi’s 0.2% 1 KeyBank 1,289,063 1,289,063       Self Storage Self Storage                
Property 13.07 Fort Knox - Lapeer 0.1% 1 KeyBank 1,136,236 1,136,236       Self Storage Self Storage                
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage 0.1% 1 KeyBank 1,096,368 1,096,368       Self Storage Self Storage                
Property 13.09 Marion Self Storage - All Storage 0.1% 1 KeyBank 1,043,211 1,043,211       Self Storage Self Storage                
Property 13.10 Solo Storage - Howard St 0.1% 1 KeyBank 970,119 970,120       Self Storage Self Storage                
Property 13.11 Lapeer Self Storage - Evergreen 0.1% 1 KeyBank 936,896 936,896       Self Storage Self Storage                
Property 13.12 Lapeer Self Storage - Sam’s 0.1% 1 KeyBank 930,252 930,252       Self Storage Self Storage                
Property 13.13 Marysville Self Storage 0.1% 1 KeyBank 903,673 903,673       Self Storage Self Storage                
Property 13.14 Saint Clair Self Storage 0.1% 1 KeyBank 903,673 903,673       Self Storage Self Storage                
Property 13.15 Fort Knox - Imlay City 0.1% 1 KeyBank 890,384 890,384       Self Storage Self Storage                
Property 13.16 Lapeer Self Storage - Lock Tight 0.1% 1 KeyBank 691,044 691,044       Self Storage Self Storage                
Loan 14 136-20 38th Avenue 2.5% 1 SMC 20,000,000 20,000,000   20,000,000   Office Urban 3.9000% 0.0134% 3.8866% Actual/360 120 118 0 0
Loan 15 Beverly Hills BMW 2.5% 1 GACC 20,000,000 20,000,000   20,000,000   Retail Other 3.9000% 0.0134% 3.8866% Actual/360 120 119 0 0
Loan 16 BWAY Facilities 2.2% 2 CCRE 17,585,000 17,585,000   17,585,000   Industrial Manufacturing 3.9500% 0.0334% 3.9166% Actual/360 120 120 0 0
Property 16.01 BWAY Facilities Premises C 1.1% 1 CCRE 9,059,079 9,059,079       Industrial Manufacturing                
Property 16.02 BWAY Facilities Premises A & B 1.1% 1 CCRE 8,525,921 8,525,921       Industrial Manufacturing                
Loan 17 Metreon 2.2% 1 KeyBank 17,567,000 17,521,049   14,106,164   Mixed Use Retail/Office 4.3000% 0.0821% 4.2179% Actual/360 120 118 360 358
Loan 18 Capital at St. Charles 2.1% 1 KeyBank 16,500,000 16,500,000   16,500,000   Multifamily Garden 3.8400% 0.0221% 3.8179% Actual/360 120 118 0 0
Loan 19 Corporate Park of Doral 2.0% 1 SMC 16,000,000 16,000,000   16,000,000   Office Suburban 3.5000% 0.0621% 3.4379% Actual/360 120 120 0 0
Loan 20 Sandpiper Midwest Portfolio 2.0% 4 KeyBank 16,000,000 15,963,170   14,742,612   Hospitality Extended Stay 4.9300% 0.0221% 4.9079% Actual/360 60 58 360 358
Property 20.01 WoodSpring Suites Columbus 0.5% 1 KeyBank 3,955,720 3,946,614       Hospitality Extended Stay                
Property 20.02 WoodSpring Suites Fairfield 0.5% 1 KeyBank 4,250,922 4,241,137       Hospitality Extended Stay                
Property 20.03 WoodSpring Suites Easton 0.5% 1 KeyBank 4,014,760 4,005,519       Hospitality Extended Stay                
Property 20.04 WoodSpring Suites Fort Wayne 0.5% 1 KeyBank 3,778,598 3,769,900       Hospitality Extended Stay                
Loan 21 Liberty MA Portfolio 1.9% 3 CCRE 15,500,000 15,444,030   11,290,776   Various Various 4.3000% 0.0134% 4.2866% Actual/360 120 118 300 298
Property 21.01 10-14 New Bond 1.4% 1 CCRE 11,657,746 11,615,651       Industrial Manufacturing                
Property 21.02 151 West Boylston 0.3% 1 CCRE 2,445,070 2,436,241       Industrial Flex                
Property 21.03 8 New Bond 0.2% 1 CCRE 1,397,183 1,392,138       Mixed Use Office/Industrial                
Loan 22 The Centre 1.9% 1 CCRE 15,000,000 15,000,000   15,000,000   Multifamily High Rise 5.6817% 0.0134% 5.6683% Actual/360 60 57 0 0
Loan 23 University Station Sarasota 1.8% 1 GACC 14,690,000 14,690,000   14,690,000   Retail Anchored 3.7770% 0.0134% 3.7636% Actual/360 120 119 0 0
Loan 24 River Valley Shopping Center 1.8% 1 SMC 14,650,000 14,650,000   14,650,000   Retail Anchored 4.1000% 0.0134% 4.0866% Actual/360 120 118 0 0
Loan 25 265 Davidson Avenue 1.7% 1 SMC 14,000,000 14,000,000   12,811,010   Office Suburban 4.5000% 0.0134% 4.4866% Actual/360 120 118 360 360
Loan 26 106 N Grove & 25 N Harrison 1.7% 2 CCRE 13,800,000 13,800,000   13,800,000   Multifamily Mid-Rise 4.2101% 0.0334% 4.1768% Actual/360 120 119 0 0
Property 26.01 106 N Grove 1.0% 1 CCRE 8,400,000 8,400,000       Multifamily Mid-Rise                
Property 26.02 25 N Harrison 0.7% 1 CCRE 5,400,000 5,400,000       Multifamily Mid-Rise                
Loan 27 My Self Storage Space - Brea 1.7% 1 KeyBank 13,350,000 13,350,000   13,350,000   Self Storage Self Storage 3.8600% 0.0221% 3.8379% Actual/360 120 118 0 0
Loan 28 Aero Office Park 1.5% 1 SMC 12,200,000 12,200,000   12,200,000   Office Suburban 3.9000% 0.0134% 3.8866% Actual/360 120 117 0 0
Loan 29 Lee Industries 1.5% 3 CCRE 12,025,000 12,025,000   10,910,934   Industrial Flex 3.9900% 0.0334% 3.9566% Actual/360 120 119 360 360
Property 29.01 Conover (HQ) 0.7% 1 CCRE 5,604,873 5,604,873       Industrial Flex                
Property 29.02 Newton 0.5% 1 CCRE 3,706,859 3,706,859       Industrial Flex                
Property 29.03 High Point Showroom 0.3% 1 CCRE 2,713,268 2,713,268       Industrial Flex                
Loan 30 La Terraza Office Building 1.4% 1 SMC 11,600,000 11,600,000   9,589,103   Office Suburban 4.3000% 0.0134% 4.2866% Actual/360 120 118 360 360
Loan 31 T-Mobile Meridian 1.4% 1 SMC 10,887,500 10,887,500   10,887,500   Office Suburban 3.7100% 0.0134% 3.6966% Actual/360 84 83 0 0
Loan 32 Marriott SpringHill Suites and Towneplace Suites 1.2% 1 SMC 10,000,000 9,947,487   8,030,022   Hospitality Limited Service, Extended Stay 4.3000% 0.0134% 4.2866% Actual/360 120 116 360 356
Loan 33 Chef’s Store Charleston 1.1% 1 CCRE 8,900,000 8,900,000   8,900,000   Retail Single Tenant 4.4700% 0.0334% 4.4366% Actual/360 120 118 0 0
Loan 34 Tennessee Retail Portfolio 0.9% 2 SMC 7,400,000 7,400,000   6,113,373   Retail Anchored 4.2800% 0.0134% 4.2666% Actual/360 120 118 360 360
Property 34.01 Elk Crossing 0.6% 1 SMC 4,716,338 4,716,338       Retail Anchored                
Property 34.02 Cumberland Crossing 0.3% 1 SMC 2,683,662 2,683,662       Retail Anchored                
Loan 35 Sandhurst Apartments 0.9% 1 SMC 7,000,000 6,988,474   5,404,389   Multifamily Garden 3.2400% 0.0621% 3.1779% Actual/360 120 119 360 359
Loan 36 Churchlight Portfolio 0.8% 5 KeyBank 6,780,000 6,780,000   6,399,129   Manufactured Housing Manufactured Housing 5.4000% 0.0221% 5.3779% Actual/360 60 57 360 360
Property 36.01 Lisa Lake 0.5% 1 KeyBank 3,960,057 3,960,057       Manufactured Housing Manufactured Housing                
Property 36.02 Grimms 0.0% 1 KeyBank 385,720 385,720       Manufactured Housing Manufactured Housing                
Property 36.03 Nelson Manor 0.1% 1 KeyBank 846,601 846,601       Manufactured Housing Manufactured Housing                

A-1-2 

 

                                         
      % of   Mortgage   Cut-off   Maturity   General Detailed     Net Mortgage Interest Original Remaining Original Remaining
Property     Initial Pool # of Loan Original Date   or ARD   Property Property Interest Administrative Interest Accrual Term to Term to Amortization Amortization
Flag ID Property Name Balance Properties Seller (1) Balance($) Balance($)   Balance($)(4)   Type Type Rate(4) Fee Rate(27) Rate Basis Maturity or ARD(4) Maturity or ARD(4) Term Term
Property 36.04 Hokes 0.1% 1 KeyBank 814,470 814,470       Manufactured Housing Manufactured Housing                
Property 36.05 Highspire Court 0.1% 1 KeyBank 773,152 773,152       Manufactured Housing Manufactured Housing                
Loan 37 Comfort Suites Phoenix Airport 0.8% 1 SMC 6,500,000 6,488,587   4,806,819   Hospitality Limited Service 4.7000% 0.0134% 4.6866% Actual/360 120 119 300 299
Loan 38 7001 S Alameda 0.6% 1 CCRE 5,200,000 5,200,000   5,200,000   Industrial Warehouse/Distribution 4.3500% 0.0334% 4.3166% Actual/360 120 120 0 0
Loan 39 Princeton Estates Portfolio 0.6% 2 SMC 5,200,000 5,192,574   4,138,370   Multifamily Garden 4.0500% 0.0621% 3.9879% Actual/360 120 119 360 359
Property 39.01 Strata Estates Williston 0.4% 1 SMC 2,950,000 2,945,787       Multifamily Garden                
Property 39.02 Strata Estates of Watford City 0.3% 1 SMC 2,250,000 2,246,787       Multifamily Garden                
Loan 40 700 Acqua Apartments Phase III 0.6% 1 KeyBank 4,750,000 4,750,000   4,750,000   Multifamily Garden 4.5500% 0.0221% 4.5279% Actual/360 84 82 0 0
Loan 41 Grove Heights 0.5% 1 SMC 4,217,000 4,217,000   3,582,194   Retail Unanchored 4.3000% 0.0134% 4.2866% Actual/360 120 118 360 360
Loan 42 Brooklyn Condo Portfolio 0.4% 2 SMC 3,600,000 3,600,000   3,600,000   Retail Unanchored 4.5500% 0.0134% 4.5366% Actual/360 120 119 0 0
Property 42.01 Dumbo 0.2% 1 SMC 1,832,143 1,832,143       Retail Unanchored                
Property 42.02 Crown Heights 0.2% 1 SMC 1,767,857 1,767,857       Retail Unanchored                
Loan 43 Planet Self Storage 0.4% 1 KeyBank 3,600,000 3,600,000   3,276,511   Self Storage Self Storage 4.1700% 0.0221% 4.1479% Actual/360 120 116 360 360
Loan 44 Dunlawton Shopping Center 0.4% 1 SMC 3,550,000 3,550,000   3,550,000   Retail Shadow Anchored 4.2500% 0.0134% 4.2366% Actual/360 120 119 0 0
Loan 45 Qwik Stor Self Storage 0.4% 1 CCRE 3,400,000 3,400,000   3,400,000   Self Storage Self Storage 4.1400% 0.0334% 4.1066% Actual/360 120 120 0 0
Loan 46 Menifee Storage 0.4% 1 KeyBank 3,250,000 3,250,000   2,627,900   Self Storage Self Storage 4.5000% 0.0221% 4.4779% Actual/360 120 120 360 360
Loan 47 Hesperia Shopping Center 0.4% 1 SMC 3,100,000 3,100,000   2,637,055   Retail Shadow Anchored 4.3500% 0.0134% 4.3366% Actual/360 120 117 360 360
Loan 48 Mini U Storage - Crowley 0.4% 1 KeyBank 3,000,000 3,000,000   3,000,000   Self Storage Self Storage 4.2500% 0.0221% 4.2279% Actual/360 60 60 0 0

A-1-3 

 

                    Pari Passu Pari Passu          
        First       Monthly Annual Companion Loan Companion Loan Remaining     Crossed  
Property     Origination Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related
Flag ID Property Name Date Date or ARD Date(4) (Yes/No)(4) Maturity Date(4) Service($)(28) Service($)(28) Service($) Service($) Period  Lockbox(29)  Management(30) Other Loans Borrower
Loan 1 GNL Office and Industrial Portfolio 9/12/2019 11/1/2019 10/1/2029 No 10/1/2029 209,706 2,516,472 419,412 5,032,944 120 Hard Springing No  
Property 1.01 Quest Diagnostics, Inc.                               
Property 1.02 Encompass Health Corporation                               
Property 1.03 AT&T Services, Inc.                               
Property 1.04 Up Central Leasing LLC                               
Property 1.05 ComDoc, Inc.                               
Property 1.06 Stanley Convergent Security Solutions, Inc.                               
Property 1.07 EQT Gathering, LLC                               
Property 1.08 Metal Technologies, Inc.                               
Property 1.09 Heatcraft Refrigeration Products, LLC                               
Property 1.10 Hanes Companies, Inc.                               
Property 1.11 FedEx Ground Package System, Inc.                               
Property 1.12 Cummins, Inc.                               
Loan 2 Uline Arena 7/29/2019 9/6/2019 8/6/2029 No 8/6/2029 143,364 1,720,367 266,247 3,194,967 118 Hard Springing No  
Loan 3 Ocean Edge Resort & Golf Club 9/6/2019 11/1/2019 10/1/2029 No 10/1/2029 185,246 2,222,955 138,935 1,667,216 0 Soft Springing No  
Loan 4 Inland Life Storage Portfolio 7/2/2019 9/1/2019 8/1/2029 No 8/1/2029 184,279 2,211,347 464,581 5,574,968 34 None Springing No Yes - Group A
Property 4.01 Life Storage - 586                               
Property 4.02 Life Storage - 145                               
Property 4.03 Life Storage - 364                               
Property 4.04 Life Storage - 365                               
Property 4.05 Life Storage - 212                               
Property 4.06 Life Storage - 386                               
Property 4.07 Life Storage - 256                               
Property 4.08 Life Storage - 206                               
Property 4.09 Life Storage - 324                               
Property 4.10 Life Storage - 236                               
Property 4.11 Life Storage - 184                               
Property 4.12 Life Storage - 500                               
Property 4.13 Life Storage - 288                               
Property 4.14 Life Storage - 299                               
Property 4.15 Life Storage - 209                               
Property 4.16 Life Storage - 035                               
Property 4.17 Life Storage - 074                               
Property 4.18 Life Storage - 252                               
Property 4.19 Life Storage - 033                               
Property 4.20 Life Storage - 205                               
Property 4.21 Life Storage - 300                               
Property 4.22 Life Storage - 026                               
Property 4.23 Life Storage - 361                               
Property 4.24 Life Storage - 165                               
Property 4.25 Life Storage - 208                               
Property 4.26 Life Storage - 211                               
Property 4.27 Life Storage - 021                               
Property 4.28 Life Storage - 298                               
Property 4.29 Life Storage - 297                               
Property 4.30 Life Storage - 153                               
Property 4.31 Life Storage - 075                               
Property 4.32 Life Storage - 152                               
Loan 5 Bushwick Avenue Portfolio 8/9/2019 10/6/2019 9/6/2029 No 9/6/2029 112,846 1,354,150 294,653 3,535,836 119 Springing Springing No  
Property 5.01 340 Evergreen Avenue                            
Property 5.02 871 Bushwick Avenue                            
Property 5.03 889 Bushwick Avenue                            
Loan 6 Flamingo Pines Plaza 6/14/2019 8/1/2019 7/1/2029 No 7/1/2029 167,162 2,005,941      0 Springing Springing No  
Loan 7 The Stanwix 8/27/2019 10/1/2019 9/1/2029 No 9/1/2029 83,646 1,003,750     119 Residential (Springing Soft); Commercial (Springing Hard) Springing No  
Loan 8 Hilton Portfolio 8/9/2019 10/6/2019 9/6/2029 No 9/6/2029 148,461 1,781,537 188,051 2,256,614 11 Springing Springing No  
Property 8.01 Hampton Inn Bartonsville                            
Property 8.02 Homewood Suites Leesburg                            
Property 8.03 Hampton Inn Leesburg                            
Property 8.04 Hampton Inn Faxon                            
Property 8.05 Homewood Suites Ocala                            
Property 8.06 Hampton Inn Williamsport                            
Property 8.07 Hampton Inn Bermuda Run                            
Loan 9 Southbridge Park 9/13/2019 11/1/2019 10/1/2029 No 10/1/2029 77,856 934,273     120 N/A N/A No  
Loan 10 Grand Canal Shoppes 6/3/2019 8/1/2019 7/1/2029 No 7/1/2029 79,016 948,189 2,323,063 27,876,753 117 Hard Springing No  
Loan 11 Gemstone - Inland Portfolio 5/24/2019 7/1/2019 6/1/2026 No 6/1/2026 95,994 1,151,932      80 None None No Yes - Group A
Property 11.01 Sunset Village                               

A-1-4 

 

                    Pari Passu Pari Passu          
        First       Monthly Annual Companion Loan Companion Loan Remaining     Crossed  
Property     Origination Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related
Flag ID Property Name Date Date or ARD Date(4) (Yes/No)(4) Maturity Date(4) Service($)(28) Service($)(28) Service($) Service($) Period  Lockbox(29)  Management(30) Other Loans Borrower
Property 11.02 Suncoast                               
Property 11.03 Tropic Breeze                               
Property 11.04 Lakewood                               
Property 11.05 Kozy                               
Property 11.06 Capital                               
Property 11.07 Try Mor                               
Property 11.08 Sunny Acres                               
Loan 12 Woodlands Mall 7/5/2019 9/1/2019 8/1/2029 No 8/1/2029 76,953 923,434 813,398 9,760,781 118 Hard Springing No  
Loan 13 MI-SC Storage Portfolio 9/12/2019 11/1/2019 10/1/2029 No 10/1/2029 97,258 1,167,093      0 Springing Springing No  
Property 13.01 Solo Storage - Dove Rd                               
Property 13.02 Port Huron Self Storage                               
Property 13.03 Lapeer Self Storage - Demille                               
Property 13.04 Marion Self Storage - White’s Mini Storage                               
Property 13.05 Fort Gratiot Self Storage                               
Property 13.06 Lapeer Self Storage - Luzi’s                               
Property 13.07 Fort Knox - Lapeer                               
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage                               
Property 13.09 Marion Self Storage - All Storage                               
Property 13.10 Solo Storage - Howard St                               
Property 13.11 Lapeer Self Storage - Evergreen                               
Property 13.12 Lapeer Self Storage - Sam’s                               
Property 13.13 Marysville Self Storage                               
Property 13.14 Saint Clair Self Storage                               
Property 13.15 Fort Knox - Imlay City                               
Property 13.16 Lapeer Self Storage - Lock Tight                               
Loan 14 136-20 38th Avenue 7/30/2019 9/6/2019 8/6/2029 No 8/6/2029 65,903 790,833     118 Springing Springing No  
Loan 15 Beverly Hills BMW 8/14/2019 10/6/2019 9/6/2029 No 9/6/2029 65,903 790,833 130,125 1,561,500 119 Hard Springing No  
Loan 16 BWAY Facilities 9/10/2019 11/6/2019 10/6/2029 No 10/6/2029 58,688 704,255     120 Hard Springing No Yes - Group B
Property 16.01 BWAY Facilities Premises C                            
Property 16.02 BWAY Facilities Premises A & B                            
Loan 17 Metreon 7/10/2019 9/1/2019 8/1/2029 No 8/1/2029 86,934 1,043,209      0 Springing Springing No  
Loan 18 Capital at St. Charles 7/19/2019 9/1/2019 8/1/2029 No 8/1/2029 53,533 642,400      118 Springing Springing No  
Loan 19 Corporate Park of Doral 9/9/2019 11/6/2019 10/6/2029 No 10/6/2029 47,315 567,778     120 Springing Springing No  
Loan 20 Sandpiper Midwest Portfolio 7/19/2019 9/1/2019 8/1/2024 No 8/1/2024 85,208 1,022,499      0 Hard Springing No  
Property 20.01 WoodSpring Suites Columbus                               
Property 20.02 WoodSpring Suites Fairfield                               
Property 20.03 WoodSpring Suites Easton                               
Property 20.04 WoodSpring Suites Fort Wayne                               
Loan 21 Liberty MA Portfolio 7/26/2019 9/1/2019 8/1/2029 No 8/1/2029 84,404 1,012,847 108,908 1,306,900 0 Soft Springing Hard Springing No  
Property 21.01 10-14 New Bond                            
Property 21.02 151 West Boylston                            
Property 21.03 8 New Bond                            
Loan 22 The Centre 6/28/2019 8/6/2019 7/6/2024 No 7/6/2024 72,007 864,087 216,022 2,592,260 57 Springing Springing No  
Loan 23 University Station Sarasota 8/30/2019 10/6/2019 9/6/2029 No 9/6/2029 46,879 562,547     119 Springing Hard Springing No  
Loan 24 River Valley Shopping Center 7/15/2019 9/6/2019 8/6/2029 No 8/6/2029 50,749 608,992     118 Springing Springing No  
Loan 25 265 Davidson Avenue 8/6/2019 9/6/2019 8/6/2029 No 8/6/2029 70,936 851,231     58 Springing Springing No  
Loan 26 106 N Grove & 25 N Harrison 8/28/2019 10/6/2019 9/6/2029 No 9/6/2029 49,089 589,069     119 Springing Soft Springing No  
Property 26.01 106 N Grove                            
Property 26.02 25 N Harrison                            
Loan 27 My Self Storage Space - Brea 7/19/2019 9/1/2019 8/1/2029 No 8/1/2029 43,539 522,467      118 Springing Springing No  
Loan 28 Aero Office Park 7/1/2019 8/6/2019 7/6/2029 No 7/6/2029 40,201 482,408     117 Springing Springing No  
Loan 29 Lee Industries 8/16/2019 10/6/2019 9/6/2029 No 9/6/2029 57,340 688,079     59 Hard Springing No Yes - Group B
Property 29.01 Conover (HQ)                            
Property 29.02 Newton                            
Property 29.03 High Point Showroom                            
Loan 30 La Terraza Office Building 7/29/2019 9/6/2019 8/6/2029 No 8/6/2029 57,405 688,861     10 Springing Springing No  
Loan 31 T-Mobile Meridian 8/8/2019 10/6/2019 9/6/2026 Yes 3/6/2027 34,128 409,536     83 Hard Springing No  
Loan 32 Marriott SpringHill Suites and Towneplace Suites 6/6/2019 7/6/2019 6/6/2029 No 6/6/2029 49,487 593,846 60,869 730,430 0 Springing Springing No  
Loan 33 Chef’s Store Charleston 8/1/2019 9/1/2019 8/1/2029 No 8/1/2029 33,613 403,355     118 Hard Springing No  
Loan 34 Tennessee Retail Portfolio 7/10/2019 9/6/2019 8/6/2029 No 8/6/2029 36,534 438,404     10 Springing Springing No  
Property 34.01 Elk Crossing                            
Property 34.02 Cumberland Crossing                            
Loan 35 Sandhurst Apartments 9/5/2019 10/6/2019 9/6/2029 No 9/6/2029 30,426 365,112     0 None None No Yes - Group C
Loan 36 Churchlight Portfolio 6/7/2019 8/1/2019 7/1/2024 No 7/1/2024 38,072 456,861      9 Springing Springing No  
Property 36.01 Lisa Lake                               
Property 36.02 Grimms                               
Property 36.03 Nelson Manor                               

A-1-5 

 

                    Pari Passu Pari Passu          
        First       Monthly Annual Companion Loan Companion Loan Remaining     Crossed  
Property     Origination Payment Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related
Flag ID Property Name Date Date or ARD Date(4) (Yes/No)(4) Maturity Date(4) Service($)(28) Service($)(28) Service($) Service($) Period  Lockbox(29)  Management(30) Other Loans Borrower
Property 36.04 Hokes                               
Property 36.05 Highspire Court                               
Loan 37 Comfort Suites Phoenix Airport 9/4/2019 10/6/2019 9/6/2029 No 9/6/2029 36,871 442,451     0 Springing Springing No  
Loan 38 7001 S Alameda 9/12/2019 11/1/2019 10/1/2029 No 10/1/2029 19,112 229,342     120 Hard Springing No  
Loan 39 Princeton Estates Portfolio 9/5/2019 10/6/2019 9/6/2029 No 9/6/2029 24,976 299,709     0 Springing Springing No Yes - Group C
Property 39.01 Strata Estates Williston                            
Property 39.02 Strata Estates of Watford City                            
Loan 40 700 Acqua Apartments Phase III 8/1/2019 9/1/2019 8/1/2026 No 8/1/2026 18,261 219,127      82 Springing Springing No  
Loan 41 Grove Heights 8/6/2019 9/6/2019 8/6/2029 No 8/6/2029 20,869 250,425     22 Springing Springing No  
Loan 42 Brooklyn Condo Portfolio 8/29/2019 10/6/2019 9/6/2029 No 9/6/2029 13,840 166,075     119 Springing Springing No  
Property 42.01 Dumbo                            
Property 42.02 Crown Heights                            
Loan 43 Planet Self Storage 5/13/2019 7/1/2019 6/1/2029 No 6/1/2029 17,542 210,500      56 None None No  
Loan 44 Dunlawton Shopping Center 8/28/2019 10/6/2019 9/6/2029 No 9/6/2029 12,748 152,970     119 Springing Springing No  
Loan 45 Qwik Stor Self Storage 9/10/2019 11/1/2019 10/1/2029 No 10/1/2029 11,893 142,715     120 Springing Soft Springing No  
Loan 46 Menifee Storage 9/6/2019 11/1/2019 10/1/2029 No 10/1/2029 16,467 197,607      0 None None No  
Loan 47 Hesperia Shopping Center 6/20/2019 8/6/2019 7/6/2029 No 7/6/2029 15,432 185,186     21 Springing Springing No  
Loan 48 Mini U Storage - Crowley 9/6/2019 11/1/2019 10/1/2024 No 10/1/2024 10,773 129,271      60 Springing Springing No  

A-1-6 

 

                               
                               
Property     Underwritten Underwritten Grace Payment Appraised Appraisal Coop - Coop - LTV Coop - Coop - Coop - Coop - Coop - Sponsor
Flag ID Property Name NOI DSCR(2)(5)(28) NCF DSCR(2)(5)(26)(28) Period(31) Date Value ($)(6)(26) As-of Date(6)(26) Rental Value as Rental Unsold Percent Sponsor Units Investor Units Coop Units /Investor Carry
Loan 1 GNL Office and Industrial Portfolio 2.86x 2.60x 5 1 370,310,000 9/12/2019              
Property 1.01 Quest Diagnostics, Inc.         103,300,000 7/30/2019              
Property 1.02 Encompass Health Corporation         76,900,000 7/25/2019              
Property 1.03 AT&T Services, Inc.         70,600,000 7/24/2019              
Property 1.04 Up Central Leasing LLC         16,800,000 7/24/2019              
Property 1.05 ComDoc, Inc.         17,700,000 7/25/2019              
Property 1.06 Stanley Convergent Security Solutions, Inc.         16,400,000 7/24/2019              
Property 1.07 EQT Gathering, LLC         13,700,000 7/30/2019              
Property 1.08 Metal Technologies, Inc.         10,810,000 7/26/2019              
Property 1.09 Heatcraft Refrigeration Products, LLC         11,500,000 7/29/2019              
Property 1.10 Hanes Companies, Inc.         10,100,000 7/25/2019              
Property 1.11 FedEx Ground Package System, Inc.         9,800,000 7/25/2019              
Property 1.12 Cummins, Inc.         7,100,000 7/23/2019              
Loan 2 Uline Arena 1.81x 1.75x 0 6 212,000,000 7/1/2021              
Loan 3 Ocean Edge Resort & Golf Club 2.52x 2.15x 5 1 135,400,000 5/30/2019              
Loan 4 Inland Life Storage Portfolio 1.70x 1.68x 0 1 225,000,000 6/28/2019              
Property 4.01 Life Storage - 586         15,400,000 6/6/2019              
Property 4.02 Life Storage - 145         12,400,000 6/7/2019              
Property 4.03 Life Storage - 364         12,400,000 6/6/2019              
Property 4.04 Life Storage - 365         12,000,000 6/6/2019              
Property 4.05 Life Storage - 212         10,400,000 6/13/2019              
Property 4.06 Life Storage - 386         9,700,000 6/10/2019              
Property 4.07 Life Storage - 256         9,400,000 6/10/2019              
Property 4.08 Life Storage - 206         8,900,000 6/10/2019              
Property 4.09 Life Storage - 324         8,400,000 6/12/2019              
Property 4.10 Life Storage - 236         9,200,000 6/13/2019              
Property 4.11 Life Storage - 184         7,700,000 6/6/2019              
Property 4.12 Life Storage - 500         7,150,000 6/13/2019              
Property 4.13 Life Storage - 288         7,100,000 6/10/2019              
Property 4.14 Life Storage - 299         6,500,000 6/12/2019              
Property 4.15 Life Storage - 209         7,000,000 6/12/2019              
Property 4.16 Life Storage - 035         6,400,000 6/13/2019              
Property 4.17 Life Storage - 074         6,000,000 6/10/2019              
Property 4.18 Life Storage - 252         5,800,000 6/7/2019              
Property 4.19 Life Storage - 033         5,350,000 6/13/2019              
Property 4.20 Life Storage - 205         4,300,000 6/6/2019              
Property 4.21 Life Storage - 300         5,300,000 6/13/2019              
Property 4.22 Life Storage - 026         4,700,000 6/12/2019              
Property 4.23 Life Storage - 361         4,100,000 6/6/2019              
Property 4.24 Life Storage - 165         3,850,000 6/12/2019              
Property 4.25 Life Storage - 208         3,700,000 6/12/2019              
Property 4.26 Life Storage - 211         3,600,000 6/12/2019              
Property 4.27 Life Storage - 021         4,200,000 6/13/2019              
Property 4.28 Life Storage - 298         3,200,000 6/13/2019              
Property 4.29 Life Storage - 297         2,500,000 6/13/2019              
Property 4.30 Life Storage - 153         1,950,000 6/12/2019              
Property 4.31 Life Storage - 075         1,800,000 6/6/2019              
Property 4.32 Life Storage - 152         1,700,000 6/10/2019              
Loan 5 Bushwick Avenue Portfolio 1.82x 1.81x 0 6 200,000,000 7/18/2019              
Property 5.01 340 Evergreen Avenue         103,000,000 7/18/2019              
Property 5.02 871 Bushwick Avenue         61,000,000 7/18/2019              
Property 5.03 889 Bushwick Avenue         36,000,000 7/18/2019              
Loan 6 Flamingo Pines Plaza 1.57x 1.51x 5 1 49,600,000 5/9/2019              
Loan 7 The Stanwix 4.22x 4.20x 0 1 103,600,000 6/21/2019              
Loan 8 Hilton Portfolio 2.29x 2.05x 0 6 110,000,000 6/1/2019              
Property 8.01 Hampton Inn Bartonsville         19,500,000 6/1/2019              
Property 8.02 Homewood Suites Leesburg         17,500,000 6/1/2019              
Property 8.03 Hampton Inn Leesburg         17,000,000 6/1/2019              
Property 8.04 Hampton Inn Faxon         14,500,000 6/1/2019              
Property 8.05 Homewood Suites Ocala         14,000,000 6/1/2019              
Property 8.06 Hampton Inn Williamsport         11,000,000 6/1/2019              
Property 8.07 Hampton Inn Bermuda Run         10,500,000 6/1/2019              
Loan 9 Southbridge Park 5.20x 5.16x 0 1 98,000,000 7/2/2019 98,000,000 29.6% 0.0% 0 0 171 $0
Loan 10 Grand Canal Shoppes 2.53x 2.46x 0 (1 grace period of 2 business days every 12 month period) 1 1,640,000,000 4/3/2019              
Loan 11 Gemstone - Inland Portfolio 2.06x 2.02x 5 1 37,480,000 Various              
Property 11.01 Sunset Village         10,950,000 3/18/2019              

A-1-7 

 

                               
                               
Property     Underwritten Underwritten Grace Payment Appraised Appraisal Coop - Coop - LTV Coop - Coop - Coop - Coop - Coop - Sponsor
Flag ID Property Name NOI DSCR(2)(5)(28) NCF DSCR(2)(5)(26)(28) Period(31) Date Value ($)(6)(26) As-of Date(6)(26) Rental Value as Rental Unsold Percent Sponsor Units Investor Units Coop Units /Investor Carry
Property 11.02 Suncoast         4,820,000 4/18/2019              
Property 11.03 Tropic Breeze         3,830,000 4/18/2019              
Property 11.04 Lakewood         2,920,000 4/18/2019              
Property 11.05 Kozy         4,760,000 3/18/2019              
Property 11.06 Capital         4,090,000 3/18/2019              
Property 11.07 Try Mor         3,430,000 3/19/2019              
Property 11.08 Sunny Acres         2,680,000 3/18/2019              
Loan 12 Woodlands Mall 4.04x 3.95x 1 business day once every 12 month period 1 953,400,000 4/20/2019              
Loan 13 MI-SC Storage Portfolio 1.82x 1.70x 0 1 34,010,000 9/10/2019              
Property 13.01 Solo Storage - Dove Rd         3,760,000 7/3/2019              
Property 13.02 Port Huron Self Storage         3,230,000 7/3/2019              
Property 13.03 Lapeer Self Storage - Demille         3,220,000 7/1/2019              
Property 13.04 Marion Self Storage - White’s Mini Storage         2,730,000 6/25/2019              
Property 13.05 Fort Gratiot Self Storage         2,620,000 7/3/2019              
Property 13.06 Lapeer Self Storage - Luzi’s         1,940,000 7/1/2019              
Property 13.07 Fort Knox - Lapeer         1,710,000 8/1/2019              
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage         1,650,000 6/25/2019              
Property 13.09 Marion Self Storage - All Storage         1,570,000 6/25/2019              
Property 13.10 Solo Storage - Howard St         1,460,000 7/3/2019              
Property 13.11 Lapeer Self Storage - Evergreen         1,410,000 7/1/2019              
Property 13.12 Lapeer Self Storage - Sam’s         1,400,000 7/1/2019              
Property 13.13 Marysville Self Storage         1,360,000 7/3/2019              
Property 13.14 Saint Clair Self Storage         1,360,000 7/3/2019              
Property 13.15 Fort Knox - Imlay City         1,340,000 8/1/2019              
Property 13.16 Lapeer Self Storage - Lock Tight         1,040,000 7/1/2019              
Loan 14 136-20 38th Avenue 2.26x 2.22x 0 6 33,000,000 6/12/2019              
Loan 15 Beverly Hills BMW 1.00x 1.00x 0 6 70,000,000 7/16/2019              
Loan 16 BWAY Facilities 2.38x 2.12x 0 6 27,300,000 7/3/2019              
Property 16.01 BWAY Facilities Premises C         14,100,000 7/3/2019              
Property 16.02 BWAY Facilities Premises A & B         13,200,000 7/3/2019              
Loan 17 Metreon 1.65x 1.52x 0 1 27,000,000 5/24/2019              
Loan 18 Capital at St. Charles 2.32x 2.23x 5 1 25,000,000 6/25/2019              
Loan 19 Corporate Park of Doral 3.38x 2.96x 0 6 31,500,000 7/19/2019              
Loan 20 Sandpiper Midwest Portfolio 2.20x 1.95x 5 1 27,500,000 Various              
Property 20.01 WoodSpring Suites Columbus         6,800,000 7/5/2019              
Property 20.02 WoodSpring Suites Fairfield         7,300,000 7/5/2019              
Property 20.03 WoodSpring Suites Easton         6,800,000 7/5/2019              
Property 20.04 WoodSpring Suites Fort Wayne         6,600,000 7/2/2019              
Loan 21 Liberty MA Portfolio 1.66x 1.52x 0 1 53,660,000 7/2/2019              
Property 21.01 10-14 New Bond         38,900,000 7/2/2019              
Property 21.02 151 West Boylston         10,100,000 7/2/2019              
Property 21.03 8 New Bond         4,660,000 7/2/2019              
Loan 22 The Centre 2.29x 2.26x 0 6 188,200,000 4/12/2019              
Loan 23 University Station Sarasota 1.99x 1.93x 0 6 22,600,000 8/3/2019              
Loan 24 River Valley Shopping Center 2.57x 2.45x 0 6 23,000,000 6/13/2019              
Loan 25 265 Davidson Avenue 1.81x 1.56x 0 6 21,400,000 6/20/2019              
Loan 26 106 N Grove & 25 N Harrison 1.93x 1.86x 0 6 20,300,000 6/17/2019              
Property 26.01 106 N Grove         12,400,000 6/17/2019              
Property 26.02 25 N Harrison         7,900,000 6/17/2019              
Loan 27 My Self Storage Space - Brea 2.22x 2.20x 5 1 22,900,000 6/17/2019              
Loan 28 Aero Office Park 2.63x 2.42x 0 6 21,100,000 6/18/2019              
Loan 29 Lee Industries 1.79x 1.58x 0 6 18,880,000 Various              
Property 29.01 Conover (HQ)         8,800,000 6/3/2019              
Property 29.02 Newton         5,820,000 6/3/2019              
Property 29.03 High Point Showroom         4,260,000 6/4/2019              
Loan 30 La Terraza Office Building 1.69x 1.62x 0 6 16,600,000 6/21/2019              
Loan 31 T-Mobile Meridian 3.11x 2.89x 0 6 16,900,000 7/1/2019              
Loan 32 Marriott SpringHill Suites and Towneplace Suites 2.12x 1.90x 0 6 45,000,000 4/29/2019              
Loan 33 Chef’s Store Charleston 2.12x 1.98x 0 (1 grace period of 5 calendar days during any calendar year) 1 14,750,000 6/27/2019              
Loan 34 Tennessee Retail Portfolio 1.87x 1.58x 0 6 11,140,000 5/24/2019              
Property 34.01 Elk Crossing         7,100,000 5/24/2019              
Property 34.02 Cumberland Crossing         4,040,000 5/24/2019              
Loan 35 Sandhurst Apartments 4.34x 4.05x 0 6 22,500,000 8/5/2019              
Loan 36 Churchlight Portfolio 1.29x 1.27x 5 1 9,700,000 4/15/2019              
Property 36.01 Lisa Lake         5,200,000 4/15/2019              
Property 36.02 Grimms         800,000 4/15/2019              
Property 36.03 Nelson Manor         1,350,000 4/15/2019              

A-1-8 

 

                               
                               
Property     Underwritten Underwritten Grace Payment Appraised Appraisal Coop - Coop - LTV Coop - Coop - Coop - Coop - Coop - Sponsor
Flag ID Property Name NOI DSCR(2)(5)(28) NCF DSCR(2)(5)(26)(28) Period(31) Date Value ($)(6)(26) As-of Date(6)(26) Rental Value as Rental Unsold Percent Sponsor Units Investor Units Coop Units /Investor Carry
Property 36.04 Hokes         1,150,000 4/15/2019              
Property 36.05 Highspire Court         1,200,000 4/15/2019              
Loan 37 Comfort Suites Phoenix Airport 1.95x 1.77x 0 6 11,400,000 7/2/2019              
Loan 38 7001 S Alameda 2.01x 1.82x 0 (1 grace period of 5 calendar days during any calendar year) 1 13,000,000 6/20/2019              
Loan 39 Princeton Estates Portfolio 2.89x 2.73x 0 6 11,800,000 8/6/2019              
Property 39.01 Strata Estates Williston         6,700,000 8/6/2019              
Property 39.02 Strata Estates of Watford City         5,100,000 8/6/2019              
Loan 40 700 Acqua Apartments Phase III 1.96x 1.91x 5 1 8,000,000 6/18/2019              
Loan 41 Grove Heights 1.61x 1.51x 0 6 6,300,000 7/1/2019              
Loan 42 Brooklyn Condo Portfolio 1.65x 1.58x 0 6 5,600,000 6/13/2019              
Property 42.01 Dumbo         2,850,000 6/13/2019              
Property 42.02 Crown Heights         2,750,000 6/13/2019              
Loan 43 Planet Self Storage 2.08x 2.05x 5 1 6,100,000 3/7/2019              
Loan 44 Dunlawton Shopping Center 2.34x 2.26x 0 6 5,800,000 5/8/2019              
Loan 45 Qwik Stor Self Storage 2.51x 2.45x 0 1 6,090,000 7/17/2019              
Loan 46 Menifee Storage 1.82x 1.78x 0 1 6,000,000 4/30/2019              
Loan 47 Hesperia Shopping Center 1.73x 1.60x 0 6 4,435,000 5/5/2019              
Loan 48 Mini U Storage - Crowley 2.01x 1.95x 0 1 5,620,000 7/10/2019              

A-1-9 

 

                            Net
        FIRREA Cut-Off                 Rentable Area
Property     Coop - Committed Compliant Date LTV LTV Ratio at           Year Year (Sq. Ft./Units/
Flag ID Property Name Secondary Debt (Yes/No) Ratio(2)(5)(6)(26) Maturity or ARD(2)(5)(6) Address City County State Zip Code Built Renovated Rooms/Pads/Spaces)(8)(26)
Loan 1 GNL Office and Industrial Portfolio   Yes 55.1% 55.1% Various Various Various Various Various Various Various 2,195,042
Property 1.01 Quest Diagnostics, Inc.   Yes     27027 Tourney Road Santa Clarita Los Angeles CA 91355 2004 NAP 222,193
Property 1.02 Encompass Health Corporation   Yes     9001 Liberty Parkway Birmingham Jefferson AL 35242 2018 NAP 199,305
Property 1.03 AT&T Services, Inc.   Yes     1010 North Saint Mary’s Street San Antonio Bexar TX 78215 1961 NAP 401,516
Property 1.04 Up Central Leasing LLC   Yes     4343 Wyoming Avenue Dearborn Wayne MI 48126 1959 2016 220,000
Property 1.05 ComDoc, Inc.   Yes     8247 Pittsburg Avenue Northwest North Canton Stark OH 44720 2019 NAP 107,500
Property 1.06 Stanley Convergent Security Solutions, Inc.   Yes     8350 Sunlight Drive Fishers Hamilton IN 46037 2017 NAP 80,000
Property 1.07 EQT Gathering, LLC   Yes     317 East Roy Furman Highway Waynesburg Greene PA 15370 1985 NAP 127,135
Property 1.08 Metal Technologies, Inc.   Yes     909 East State Road 54 Bloomfield Greene IN 47424 1986 NAP 234,377
Property 1.09 Heatcraft Refrigeration Products, LLC   Yes     7814 Magnolia Industrial Boulevard Tifton Tift GA 31794 1992 2000 214,757
Property 1.10 Hanes Companies, Inc.   Yes     200 Union Grove Road Calhoun Gordon GA 30701 2000 2007 275,500
Property 1.11 FedEx Ground Package System, Inc.   Yes     6013 Horsemans Drive Lake Charles Calcasieu LA 70615 2009 2014 76,039
Property 1.12 Cummins, Inc.   Yes     2600 East 2nd Street Gillette Campbell WY 82718 2008 NAP 36,720
Loan 2 Uline Arena   Yes 56.6% 56.6% 1140 3rd Street Northeast Washington District of Columbia DC 20002 1945 2016 248,381
Loan 3 Ocean Edge Resort & Golf Club   Yes 51.7% 40.7% 2907 Main Street Brewster Barnstable MA 02631 1890, 1912, 1986, 1998, 2009 2007-2019 337
Loan 4 Inland Life Storage Portfolio   Yes 61.8% 53.2% Various Various Various Various Various Various Various 2,108,526
Property 4.01 Life Storage - 586   Yes     5491 Plaza Drive Flowood Rankin MS 39232 2000 2016 145,080
Property 4.02 Life Storage - 145   Yes     140 Centennial Boulevard Richardson Dallas TX 75081 1985 NAP 101,328
Property 4.03 Life Storage - 364   Yes     130 Centre Street Ridgeland Madison MS 39157 1997 NAP 104,724
Property 4.04 Life Storage - 365   Yes     5111 I-55 North Jackson Hinds MS 39206 2003 NAP 75,775
Property 4.05 Life Storage - 212   Yes     313 Guilbeau Road Lafayette Lafayette LA 70506 1994 2005 73,275
Property 4.06 Life Storage - 386   Yes     4155 Fairway Plaza Drive Pasadena Harris TX 77505 2000 NAP 99,970
Property 4.07 Life Storage - 256   Yes     2280 East Main Street League City Galveston TX 77573 1992 2003 71,670
Property 4.08 Life Storage - 206   Yes     5110 Franz Road Katy Harris TX 77493 1994 NAP 87,252
Property 4.09 Life Storage - 324   Yes     2860 Northeast Evangeline Throughway Lafayette Lafayette LA 70507 1995 2016 110,325
Property 4.10 Life Storage - 236   Yes     7437 Garners Ferry Road Columbia Richland SC 29209 1981 2007 89,306
Property 4.11 Life Storage - 184   Yes     5961 I-55 North Jackson Hinds MS 39213 1995 NAP 60,373
Property 4.12 Life Storage - 500   Yes     6000 Garners Ferry Road and 1417 Atlas Road Columbia Richland SC 29209 1977, 2004 NAP 48,578
Property 4.13 Life Storage - 288   Yes     32777 State Highway 249 Pinehurst Montgomery TX 77362 2003 NAP 75,950
Property 4.14 Life Storage - 299   Yes     203 Albertson Parkway Broussard Lafayette LA 70518 2002 2007 67,575
Property 4.15 Life Storage - 209   Yes     2207 West Pinhook Road Lafayette Lafayette LA 70508 1992 2014 53,475
Property 4.16 Life Storage - 035   Yes     10020 Two Notch Road Columbia Richland SC 29223 1989 2013 67,200
Property 4.17 Life Storage - 074   Yes     6011 I-55 North Jackson Hinds MS 39213 1990 NAP 65,225
Property 4.18 Life Storage - 252   Yes     1606 Plantation Road Dallas Dallas TX 75235 1985 NAP 61,472
Property 4.19 Life Storage - 033   Yes     7403 Parklane Road Columbia Richland SC 29223 1987 NAP 56,750
Property 4.20 Life Storage - 205   Yes     4000 North West Street Jackson Hinds MS 39206 1984 NAP 57,497
Property 4.21 Life Storage - 300   Yes     4706 West Congress Street Lafayette Lafayette LA 70506 1997 2007 54,292
Property 4.22 Life Storage - 026   Yes     3511 South Holden Road Greensboro Guilford NC 27407 1985 2008 60,795
Property 4.23 Life Storage - 361   Yes     421 Classic Drive Hattiesburg Forrest MS 39402 1998 NAP 44,154
Property 4.24 Life Storage - 165   Yes     5810 West Gate City Boulevard Greensboro Guilford NC 27407 1993 2000 56,388
Property 4.25 Life Storage - 208   Yes     2310 West Pinhook Road Lafayette Lafayette LA 70508 1980 NAP 56,620
Property 4.26 Life Storage - 211   Yes     2888 Northeast Evangeline Throughway Lafayette Lafayette LA 70507 1977 2005 45,200
Property 4.27 Life Storage - 021   Yes     2648 Two Notch Road Columbia Richland SC 29204 1988 NAP 46,668
Property 4.28 Life Storage - 298   Yes     300 Westgate Road Lafayette Lafayette LA 70506 2001 2004 37,025
Property 4.29 Life Storage - 297   Yes     5922 Cameron Street Scott Lafayette LA 70583 1997 NAP 31,600
Property 4.30 Life Storage - 153   Yes     118 Stage Coach Trail Greensboro Guilford NC 27409 1996 2001 32,875
Property 4.31 Life Storage - 075   Yes     2947 McDowell Road Extension Jackson Hinds MS 39204 1988 NAP 38,361
Property 4.32 Life Storage - 152   Yes     4207 Hilltop Road Greensboro Guilford NC 27407 1995 2000 31,748
Loan 5 Bushwick Avenue Portfolio   Yes 65.0% 65.0% Various Brooklyn Kings NY 11221 Various Various 347,203
Property 5.01 340 Evergreen Avenue   Yes     340 Evergreen Avenue Brooklyn Kings NY 11221 2019 NAP 157,037
Property 5.02 871 Bushwick Avenue   Yes     871 Bushwick Avenue Brooklyn Kings NY 11221 1954 2017 140,510
Property 5.03 889 Bushwick Avenue   Yes     889 Bushwick Avenue Brooklyn Kings NY 11221 2018 NAP 49,656
Loan 6 Flamingo Pines Plaza   Yes 67.3% 54.4% 12502-12630 Pines Boulevard Pembroke Pines Broward FL 33027 1987 NAP 139,462
Loan 7 The Stanwix   Yes 31.9% 31.9% 115 Stanwix Street Brooklyn Kings NY 11206 2019 NAP 136
Loan 8 Hilton Portfolio   Yes 61.8% 51.1% Various Various Various Various Various Various Various 709
Property 8.01 Hampton Inn Bartonsville   Yes     700 Commerce Boulevard Stroudsburg Monroe PA 18360 2015 NAP 109
Property 8.02 Homewood Suites Leesburg   Yes     115 Fort Evans Road Northeast Leesburg Loudoun VA 20176 2009 2018 91
Property 8.03 Hampton Inn Leesburg   Yes     117 Fort Evans Road Northeast Leesburg Loudoun VA 20176 2002 2018 101
Property 8.04 Hampton Inn Faxon   Yes     66 Liberty Lane Williamsport Lycoming PA 17701 2014 NAP 113
Property 8.05 Homewood Suites Ocala   Yes     4610 Southwest 49th Road Ocala Marion FL 34474 2007 2019 99
Property 8.06 Hampton Inn Williamsport   Yes     140 Via Bella Street Williamsport Lycoming PA 17701 1998 2018 110
Property 8.07 Hampton Inn Bermuda Run   Yes     196 NC Highway 801 North Bermuda Run Davie NC 27006 2010 NAP 86
Loan 9 Southbridge Park $0 Yes 29.6% 29.6% 1500 Palisade Avenue Fort Lee Bergen NJ 07024 1973 NAP 171
Loan 10 Grand Canal Shoppes   Yes 46.3% 46.3% 3327 & 3377 Las Vegas Boulevard South Las Vegas Clark NV 89109 1999 2007 759,891
Loan 11 Gemstone - Inland Portfolio   Yes 63.8% 63.8% Various Various Various FL Various Various NAP 943
Property 11.01 Sunset Village   Yes     3715 14th Street West Bradenton Manatee FL 34205 1948 NAP 236

A-1-10 

 

                            Net
        FIRREA Cut-Off                 Rentable Area
Property     Coop - Committed Compliant Date LTV LTV Ratio at           Year Year (Sq. Ft./Units/
Flag ID Property Name Secondary Debt (Yes/No) Ratio(2)(5)(6)(26) Maturity or ARD(2)(5)(6) Address City County State Zip Code Built Renovated Rooms/Pads/Spaces)(8)(26)
Property 11.02 Suncoast   Yes     9029 US Highway 19 Port Richey Pasco FL 34668 1974 NAP 155
Property 11.03 Tropic Breeze   Yes     11310 US Highway 19 Port Richey Pasco FL 34668 1972 NAP 121
Property 11.04 Lakewood   Yes     11517 State Route 52 Hudson Pasco FL 34669 1988 NAP 106
Property 11.05 Kozy   Yes     3113 Cortez Road West Bradenton Manatee FL 34207 1955 NAP 97
Property 11.06 Capital   Yes     5110 14th Street West Bradenton Manatee FL 34207 1960 NAP 95
Property 11.07 Try Mor   Yes     5624 14th Street West Bradenton Manatee FL 34207 1970 NAP 68
Property 11.08 Sunny Acres   Yes     5210 14th Street West Bradenton Manatee FL 34207 1946 NAP 65
Loan 12 Woodlands Mall   Yes 26.0% 26.0% 1201 Lake Woodlands Drive The Woodlands Montgomery TX 77380 1994; 2003; 2016 NAP 758,231
Loan 13 MI-SC Storage Portfolio   Yes 62.1% 48.8% Various Various Various Various Various Various Various 472,642
Property 13.01 Solo Storage - Dove Rd   Yes     4296 Dove Road Port Huron Saint Clair MI 48060 2000 NAP 47,613
Property 13.02 Port Huron Self Storage   Yes     1900 Yeager Street Port Huron Saint Clair MI 48060 1979 1988-1989 35,280
Property 13.03 Lapeer Self Storage - Demille   Yes     500 Demille Road Lapeer Lapeer MI 48446 1963 NAP 37,632
Property 13.04 Marion Self Storage - White’s Mini Storage   Yes     1834 Senator Gasque Road Marion Marion SC 29571 1989 NAP 53,260
Property 13.05 Fort Gratiot Self Storage   Yes     2860 Krafft Road Fort Gratiot Saint Clair MI 48059 1954, 1980, 1986-1989 NAP 37,470
Property 13.06 Lapeer Self Storage - Luzi’s   Yes     3591 Davison Road Lapeer Lapeer MI 48446 1978 NAP 28,200
Property 13.07 Fort Knox - Lapeer   Yes     296 Lake Nepessing Road Lapeer Lapeer MI 48446 1978 NAP 25,280
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage   Yes     2816 North Highway 501 Marion Marion SC 29571 1975 2009 41,950
Property 13.09 Marion Self Storage - All Storage   Yes     3040 East Highway 76 Mullins Marion SC 29574 2009 NAP 33,850
Property 13.10 Solo Storage - Howard St   Yes     2701 Howard Street Port Huron Saint Clair MI 48060 1960 2015 14,046
Property 13.11 Lapeer Self Storage - Evergreen   Yes     776 South Elba Road Lapeer Lapeer MI 48446 1998 NAP 18,000
Property 13.12 Lapeer Self Storage - Sam’s   Yes     1399 Imlay City Road Lapeer Lapeer MI 48446 1998 NAP 21,000
Property 13.13 Marysville Self Storage   Yes     110 Eileen Street Saint Clair Saint Clair MI 48079 1998 NAP 22,000
Property 13.14 Saint Clair Self Storage   Yes     1819 Fred West Moore Highway Saint Clair Saint Clair MI 48079 1997 NAP 19,996
Property 13.15 Fort Knox - Imlay City   Yes     2180 South Almont Avenue Imlay City Lapeer MI 48444 1992 NAP 23,365
Property 13.16 Lapeer Self Storage - Lock Tight   Yes     2080 North Lapeer Road Lapeer Lapeer MI 48446 1960 NAP 13,700
Loan 14 136-20 38th Avenue   Yes 60.6% 60.6% 136-20 38th Avenue Flushing Queens NY 11354 2005 2018 23,507
Loan 15 Beverly Hills BMW   Yes 85.0% 85.0% 5070 & 5151 Wilshire Boulevard Los Angeles Los Angeles CA 90036 2010 NAP 339,000
Loan 16 BWAY Facilities   Yes 64.4% 64.4% Various Chicago Cook IL 60623 Various Various 402,583
Property 16.01 BWAY Facilities Premises C   Yes     4400 West 35th Place Chicago Cook IL 60623 1983 2015 155,152
Property 16.02 BWAY Facilities Premises A & B   Yes     3200 South Kilbourn Avenue Chicago Cook IL 60623 1974 NAP 247,431
Loan 17 Metreon   Yes 64.9% 52.2% 9460, 9484, 9516 & 9540 West Flamingo Road Las Vegas Clark NV 89147 2008 NAP 69,210
Loan 18 Capital at St. Charles   Yes 66.0% 66.0% 10 San Miguel Drive Saint Charles Saint Charles MO 63303 1972 2019 251
Loan 19 Corporate Park of Doral   Yes 50.8% 50.8% 7705-7789 NW 48th Street Doral Miami-Dade FL 33166 1972 2018 185,388
Loan 20 Sandpiper Midwest Portfolio   Yes 58.0% 53.6% Various Various Various Various Various Various NAP 489
Property 20.01 WoodSpring Suites Columbus   Yes     375 Hutchinson Avenue Columbus Franklin OH 43235 2014 NAP 124
Property 20.02 WoodSpring Suites Fairfield   Yes     6725 Fairfield Business Drive Fairfield Butler OH 45014 2008 NAP 119
Property 20.03 WoodSpring Suites Easton   Yes     4202 Transit Drive Columbus Franklin OH 43230 2015 NAP 122
Property 20.04 WoodSpring Suites Fort Wayne   Yes     2850 Dupont Commerce Court Fort Wayne Allen IN 46825 2009 NAP 124
Loan 21 Liberty MA Portfolio   Yes 65.9% 48.2% Various Worcester Worcester MA 01606 Various Various 360,469
Property 21.01 10-14 New Bond   Yes     10-14 New Bond Street Worcester Worcester MA 01606 1901 2008 277,575
Property 21.02 151 West Boylston   Yes     151 West Boylston Drive Worcester Worcester MA 01606 1920 2014 50,370
Property 21.03 8 New Bond   Yes     8 New Bond Street Worcester Worcester MA 01606 1890 2015 32,524
Loan 22 The Centre   Yes 31.9% 31.9% 695 Anderson Avenue Cliffside Park Bergen NJ 07010 2017 NAP 314
Loan 23 University Station Sarasota   Yes 65.0% 65.0% 5298 University Parkway Sarasota Sarasota FL 34243 2017 NAP 53,746
Loan 24 River Valley Shopping Center   Yes 63.7% 63.7% 1316 East Expressway 83 McAllen Hidalgo TX 78503 2003 NAP 103,694
Loan 25 265 Davidson Avenue   Yes 65.4% 59.9% 265 Davidson Avenue Franklin (Somerset) Somerset NJ 08873 1985 NAP 178,256
Loan 26 106 N Grove & 25 N Harrison   Yes 68.0% 68.0% Various East Orange Essex NJ Various Various Various 154
Property 26.01 106 N Grove   Yes     106 North Grove Street East Orange Essex NJ 07079 1910 2019 83
Property 26.02 25 N Harrison   Yes     25 North Harrison Street East Orange Essex NJ 07017 1925 2018 71
Loan 27 My Self Storage Space - Brea   Yes 58.3% 58.3% 1295 West Lambert Road Brea Orange CA 92821 1970, 2016, 2017 2016, 2017 98,630
Loan 28 Aero Office Park   Yes 57.8% 57.8% 8745-8775 Aero Drive San Diego San Diego CA 92123 1979 2017 102,498
Loan 29 Lee Industries   Yes 63.7% 57.8% Various Various Various NC Various Various Various 327,500
Property 29.01 Conover (HQ)   Yes     210 4th Avenue Southwest Conover Catawba NC 28613 1954 2013 172,600
Property 29.02 Newton   Yes     1620 Fisher Court Newton Catawba NC 28658 1995 NAP 123,200
Property 29.03 High Point Showroom   Yes     100 South Lindsay Street and 100 North Lindsay Street High Point Guilford NC 27260 2005 NAP 31,700
Loan 30 La Terraza Office Building   Yes 69.9% 57.8% 600 La Terraza Boulevard Escondido San Diego CA 92025 2007 NAP 40,201
Loan 31 T-Mobile Meridian   Yes 64.4% 64.4% 3265 East Goldstone Drive Meridian Ada ID 83642 2004 2016 77,484
Loan 32 Marriott SpringHill Suites and Towneplace Suites   Yes 49.3% 39.8% 4040 and 4050 Northwest Avenue Bellingham Whatcom WA 98226 2013, 2015 NAP 205
Loan 33 Chef’s Store Charleston   Yes 60.3% 60.3% 1510 Meeting Street Charleston Charleston SC 29405 2018 NAP 57,854
Loan 34 Tennessee Retail Portfolio   Yes 66.4% 54.9% Various Various Various TN Various Various NAP 170,900
Property 34.01 Elk Crossing   Yes     601-751 West Elk Avenue Elizabethton Carter TN 37643 1982 NAP 106,698
Property 34.02 Cumberland Crossing   Yes     2500 Jacksboro Pike LaFollette Campbell TN 37757 1991 NAP 64,202
Loan 35 Sandhurst Apartments   Yes 31.1% 24.0% 30582 Sandhurst Street Roseville Macomb MI 48066 1988 NAP 328
Loan 36 Churchlight Portfolio   Yes 69.9% 66.0% Various Various Dauphin PA Various Various NAP 220
Property 36.01 Lisa Lake   Yes     111 Sunrise Drive Middletown Dauphin PA 17057 1968 NAP 115
Property 36.02 Grimms   Yes     2150 Eshelman Street Middletown Dauphin PA 17057 1957 NAP 15
Property 36.03 Nelson Manor   Yes     26 Nelson Manor Lane Middletown Dauphin PA 17057 1952 NAP 32

A-1-11 

 

                            Net
        FIRREA Cut-Off                 Rentable Area
Property     Coop - Committed Compliant Date LTV LTV Ratio at           Year Year (Sq. Ft./Units/
Flag ID Property Name Secondary Debt (Yes/No) Ratio(2)(5)(6)(26) Maturity or ARD(2)(5)(6) Address City County State Zip Code Built Renovated Rooms/Pads/Spaces)(8)(26)
Property 36.04 Hokes   Yes     22 Hummel Lane Middletown Dauphin PA 17057 1959 NAP 27
Property 36.05 Highspire Court   Yes     22 Willow Street Highspire Dauphin PA 17034 1957 NAP 31
Loan 37 Comfort Suites Phoenix Airport   Yes 56.9% 42.2% 1625 South 52nd Street Tempe Maricopa AZ 85281 1999 2018 92
Loan 38 7001 S Alameda   Yes 40.0% 40.0% 6921  & 7001 South Alameda Street Huntington Park Los Angeles CA 90001 1925, 1941 NAP 144,253
Loan 39 Princeton Estates Portfolio   Yes 44.0% 35.1% Various Various Various ND Various Various NAP 134
Property 39.01 Strata Estates Williston   Yes     1501-1643 19th Avenue West Williston Williams ND 58801 2012 NAP 62
Property 39.02 Strata Estates of Watford City   Yes     504-549 Creekside Street Southeast and 505-549 7th Street Southeast Watford City McKenzie ND 58854 2010 NAP 72
Loan 40 700 Acqua Apartments Phase III   Yes 59.4% 59.4% 712 Windy Way Newport News Newport News City VA 23602 2018 NAP 48
Loan 41 Grove Heights   Yes 66.9% 56.9% 1900 West 18th St Houston Harris TX 77008 1970 2018 18,990
Loan 42 Brooklyn Condo Portfolio   Yes 64.3% 64.3% Various Brooklyn Kings NY Various 2002 NAP 6,897
Property 42.01 Dumbo   Yes     67 Front Street Brooklyn Kings NY 11201 2002 NAP 2,601
Property 42.02 Crown Heights   Yes     866 Eastern Parkway Brooklyn Kings NY 11213 2002 NAP 4,296
Loan 43 Planet Self Storage   Yes 59.0% 53.7% 115 Bacon Street Waltham Middlesex MA 02451 1925 1983 35,168
Loan 44 Dunlawton Shopping Center   Yes 61.2% 61.2% 1765 Dunlawton Avenue Port Orange Volusia FL 32129 2019 NAP 10,250
Loan 45 Qwik Stor Self Storage   Yes 55.8% 55.8% 1213 North King Street Hampton Hampton City VA 23669 1986, 2005 NAP 569
Loan 46 Menifee Storage   Yes 54.2% 43.8% 27437 Murrieta Road Sun City Riverside CA 92585 1988 NAP 38,655
Loan 47 Hesperia Shopping Center   Yes 69.9% 59.5% 14466 Main Street Hesperia San Bernardino CA 92345 2008 NAP 19,732
Loan 48 Mini U Storage - Crowley   Yes 53.4% 53.4% 786 FM 1187 Crowley Tarrant TX 76036 2007 NAP 57,725

A-1-12 

 

        Loan per Net                        
      Units Rentable Area     Most Recent       Second Most Second Second Second Third Most Third
Property     of (Sq. Ft./Units/Rooms/   Prepayment Provisions Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent
Flag ID Property Name Measure Pads/Spaces) ($)(2)(5)   (# of payments)(9)(10)(32) Statements Date (26) EGI ($) (26) Expenses($) (26) NOI($) (26) Statements Date (26) EGI($) (26) Expenses($) (26) NOI($) (26) Statements Date (26) EGI($) (26)
Loan 1 GNL Office and Industrial Portfolio Sq. Ft. 93   LO(25);YM1(91);O(4) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.01 Quest Diagnostics, Inc. Sq. Ft. 251     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.02 Encompass Health Corporation Sq. Ft. 206     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.03 AT&T Services, Inc. Sq. Ft. 93     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.04 Up Central Leasing LLC Sq. Ft. 49     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.05 ComDoc, Inc. Sq. Ft. 95     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.06 Stanley Convergent Security Solutions, Inc. Sq. Ft. 127     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.07 EQT Gathering, LLC Sq. Ft. 66     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.08 Metal Technologies, Inc. Sq. Ft. 30     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.09 Heatcraft Refrigeration Products, LLC Sq. Ft. 32     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.10 Hanes Companies, Inc. Sq. Ft. 22     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.11 FedEx Ground Package System, Inc. Sq. Ft. 75     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 1.12 Cummins, Inc. Sq. Ft. 115     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 2 Uline Arena Sq. Ft. 483   YM1(26);DorYM1(88);O(6) 5/31/2019 7,638,927 4,040,587 3,598,340 12/31/2018 6,513,196 3,653,287 2,859,908 NAP NAP
Loan 3 Ocean Edge Resort & Golf Club Rooms 207,715   LO(24);DEF(93);O(3) 6/30/2019 34,919,298 24,871,669 10,047,629 12/31/2018 34,076,499 24,306,652 9,769,847 12/31/2017 32,840,716
Loan 4 Inland Life Storage Portfolio Sq. Ft. 66   LO(25);YM1(92);O(3) 5/31/2019 21,860,443 7,008,221 14,852,222 12/31/2018 21,574,377 6,879,947 14,694,430 12/31/2017 21,626,532
Property 4.01 Life Storage - 586 Sq. Ft. 70     5/31/2019 1,371,838 280,662 1,091,176 12/31/2018 1,317,528 277,861 1,039,667 12/31/2017 1,282,191
Property 4.02 Life Storage - 145 Sq. Ft. 81     5/31/2019 1,206,363 364,414 841,949 12/31/2018 1,214,442 360,522 853,920 12/31/2017 1,244,299
Property 4.03 Life Storage - 364 Sq. Ft. 78     5/31/2019 1,132,189 246,846 885,343 12/31/2018 1,113,268 256,114 857,154 12/31/2017 1,098,364
Property 4.04 Life Storage - 365 Sq. Ft. 104     5/31/2019 1,056,886 212,266 844,620 12/31/2018 1,036,865 214,069 822,796 12/31/2017 995,871
Property 4.05 Life Storage - 212 Sq. Ft. 93     5/31/2019 973,042 205,454 767,588 12/31/2018 963,216 198,184 765,032 12/31/2017 1,008,733
Property 4.06 Life Storage - 386 Sq. Ft. 64     5/31/2019 1,056,555 392,987 663,568 12/31/2018 1,054,597 379,656 674,941 12/31/2017 1,018,767
Property 4.07 Life Storage - 256 Sq. Ft. 86     5/31/2019 896,476 254,477 641,999 12/31/2018 890,575 248,777 641,798 12/31/2017 852,468
Property 4.08 Life Storage - 206 Sq. Ft. 67     5/31/2019 902,153 319,962 582,191 12/31/2018 907,393 305,274 602,119 12/31/2017 971,159
Property 4.09 Life Storage - 324 Sq. Ft. 52     5/31/2019 885,487 243,690 641,797 12/31/2018 873,141 245,857 627,284 12/31/2017 904,412
Property 4.10 Life Storage - 236 Sq. Ft. 62     5/31/2019 866,329 291,659 574,670 12/31/2018 850,410 280,574 569,836 12/31/2017 887,221
Property 4.11 Life Storage - 184 Sq. Ft. 84     5/31/2019 759,633 219,389 540,244 12/31/2018 752,718 216,324 536,394 12/31/2017 742,923
Property 4.12 Life Storage - 500 Sq. Ft. 96     5/31/2019 787,337 311,311 476,026 12/31/2018 782,684 300,256 482,428 12/31/2017 823,454
Property 4.13 Life Storage - 288 Sq. Ft. 61     5/31/2019 722,836 235,957 486,879 12/31/2018 717,936 239,444 478,492 12/31/2017 750,439
Property 4.14 Life Storage - 299 Sq. Ft. 69     5/31/2019 693,963 193,664 500,299 12/31/2018 670,518 186,039 484,479 12/31/2017 665,516
Property 4.15 Life Storage - 209 Sq. Ft. 86     5/31/2019 684,576 186,661 497,915 12/31/2018 679,253 184,256 494,997 12/31/2017 695,171
Property 4.16 Life Storage - 035 Sq. Ft. 60     5/31/2019 685,459 271,679 413,780 12/31/2018 694,028 273,269 420,759 12/31/2017 687,878
Property 4.17 Life Storage - 074 Sq. Ft. 60     5/31/2019 646,409 209,862 436,547 12/31/2018 624,877 208,888 415,989 12/31/2017 599,593
Property 4.18 Life Storage - 252 Sq. Ft. 62     5/31/2019 614,654 230,886 383,768 12/31/2018 634,148 249,660 384,488 12/31/2017 630,855
Property 4.19 Life Storage - 033 Sq. Ft. 62     5/31/2019 593,198 240,137 353,061 12/31/2018 577,501 228,717 348,784 12/31/2017 576,342
Property 4.20 Life Storage - 205 Sq. Ft. 61     5/31/2019 520,767 195,046 325,721 12/31/2018 504,062 187,825 316,237 12/31/2017 489,743
Property 4.21 Life Storage - 300 Sq. Ft. 64     5/31/2019 568,362 169,486 398,876 12/31/2018 563,623 163,530 400,093 12/31/2017 568,525
Property 4.22 Life Storage - 026 Sq. Ft. 51     5/31/2019 539,582 207,656 331,926 12/31/2018 521,480 209,614 311,866 12/31/2017 504,535
Property 4.23 Life Storage - 361 Sq. Ft. 65     5/31/2019 506,435 191,813 314,622 12/31/2018 486,820 183,340 303,480 12/31/2017 479,039
Property 4.24 Life Storage - 165 Sq. Ft. 45     5/31/2019 441,216 157,665 283,551 12/31/2018 439,626 157,093 282,533 12/31/2017 403,839
Property 4.25 Life Storage - 208 Sq. Ft. 43     5/31/2019 391,623 128,538 263,085 12/31/2018 402,560 110,964 291,596 12/31/2017 426,983
Property 4.26 Life Storage - 211 Sq. Ft. 52     5/31/2019 441,950 167,615 274,335 12/31/2018 427,891 162,489 265,402 12/31/2017 435,315
Property 4.27 Life Storage - 021 Sq. Ft. 47     5/31/2019 441,743 199,033 242,710 12/31/2018 425,679 187,860 237,819 12/31/2017 414,209
Property 4.28 Life Storage - 298 Sq. Ft. 57     5/31/2019 355,058 128,332 226,726 12/31/2018 348,863 127,208 221,655 12/31/2017 369,175
Property 4.29 Life Storage - 297 Sq. Ft. 47     5/31/2019 294,168 121,887 172,281 12/31/2018 293,946 115,124 178,822 12/31/2017 310,234
Property 4.30 Life Storage - 153 Sq. Ft. 39     5/31/2019 282,401 140,949 141,452 12/31/2018 276,078 138,872 137,206 12/31/2017 266,683
Property 4.31 Life Storage - 075 Sq. Ft. 31     5/31/2019 292,944 155,103 137,841 12/31/2018 284,365 150,407 133,958 12/31/2017 278,651
Property 4.32 Life Storage - 152 Sq. Ft. 31     5/31/2019 248,817 133,135 115,682 12/31/2018 244,294 131,880 112,414 12/31/2017 243,955
Loan 5 Bushwick Avenue Portfolio Sq. Ft. 374   LO(25);DEF(89);O(6) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 5.01 340 Evergreen Avenue Sq. Ft. 426     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 5.02 871 Bushwick Avenue Sq. Ft. 282     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 5.03 889 Bushwick Avenue Sq. Ft. 471     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 6 Flamingo Pines Plaza Sq. Ft. 239   LO(27);DEF(90);O(3) 4/30/2019 4,408,598 1,104,662 3,303,936 12/31/2018 4,385,541 1,028,021 3,357,520 NAP NAP
Loan 7 The Stanwix Units 242,647   LO(25);DEF(92);O(3) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 8 Hilton Portfolio Rooms 95,910   LO(25);DEF(91);O(4) 6/30/2019 23,901,279 14,817,445 9,083,834 12/31/2018 23,315,006 14,640,021 8,674,985 12/31/2017 21,902,498
Property 8.01 Hampton Inn Bartonsville Rooms 118,349     6/30/2019 4,392,513 2,616,780 1,775,733 12/31/2018 4,283,657 2,558,981 1,724,676 12/31/2017 3,819,575
Property 8.02 Homewood Suites Leesburg Rooms 127,473     6/30/2019 3,717,078 2,129,529 1,587,549 12/31/2018 3,761,936 2,140,562 1,621,374 12/31/2017 3,575,317
Property 8.03 Hampton Inn Leesburg Rooms 109,901     6/30/2019 3,519,666 2,156,247 1,363,419 12/31/2018 3,481,519 2,134,130 1,347,389 12/31/2017 3,159,854
Property 8.04 Hampton Inn Faxon Rooms 84,956     6/30/2019 3,483,569 2,086,197 1,397,372 12/31/2018 3,416,947 2,079,966 1,336,981 12/31/2017 2,872,156
Property 8.05 Homewood Suites Ocala Rooms 91,919     6/30/2019 3,264,274 2,115,416 1,148,858 12/31/2018 3,251,718 2,151,020 1,100,698 12/31/2017 3,256,479
Property 8.06 Hampton Inn Williamsport Rooms 65,455     6/30/2019 3,160,226 2,090,797 1,069,429 12/31/2018 2,705,075 1,959,083 745,992 12/31/2017 2,799,379
Property 8.07 Hampton Inn Bermuda Run Rooms 75,581     6/30/2019 2,363,953 1,622,479 741,474 12/31/2018 2,414,154 1,616,279 797,875 12/31/2017 2,419,738
Loan 9 Southbridge Park Units 169,591   LO(24);DEF(93);O(3) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 10 Grand Canal Shoppes Sq. Ft. 1,000   LO(27);DEF(88);O(5) 3/31/2019 102,473,435 31,007,624 71,465,811 12/31/2018 103,110,653 31,784,180 71,326,473 12/31/2017 107,586,327
Loan 11 Gemstone - Inland Portfolio Pads 25,365   LO(25);YM1(56);O(3) 2/28/2019 4,355,298 1,771,200 2,584,099 12/31/2018 4,312,031 1,756,850 2,555,181 12/31/2017 4,099,418
Property 11.01 Sunset Village Pads 29,610     2/28/2019 1,173,139 387,066 786,074 12/31/2018 1,166,419 387,646 778,773 12/31/2017 1,137,163

A-1-13 

 

        Loan per Net                        
      Units Rentable Area     Most Recent       Second Most Second Second Second Third Most Third
Property     of (Sq. Ft./Units/Rooms/   Prepayment Provisions Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent
Flag ID Property Name Measure Pads/Spaces) ($)(2)(5)   (# of payments)(9)(10)(32) Statements Date (26) EGI ($) (26) Expenses($) (26) NOI($) (26) Statements Date (26) EGI($) (26) Expenses($) (26) NOI($) (26) Statements Date (26) EGI($) (26)
Property 11.02 Suncoast Pads 19,845     2/28/2019 616,545 312,359 304,185 12/31/2018 603,659 304,498 299,161 12/31/2017 560,268
Property 11.03 Tropic Breeze Pads 20,200     2/28/2019 473,126 212,063 261,062 12/31/2018 465,293 204,997 260,296 12/31/2017 437,572
Property 11.04 Lakewood Pads 17,580     2/28/2019 447,378 222,584 224,794 12/31/2018 434,447 223,448 211,000 12/31/2017 397,079
Property 11.05 Kozy Pads 31,317     2/28/2019 561,064 200,636 360,428 12/31/2018 563,441 200,636 362,806 12/31/2017 541,968
Property 11.06 Capital Pads 27,475     2/28/2019 415,941 161,894 254,048 12/31/2018 409,428 162,074 247,354 12/31/2017 389,550
Property 11.07 Try Mor Pads 32,191     2/28/2019 382,126 150,555 231,572 12/31/2018 383,402 148,532 234,871 12/31/2017 371,705
Property 11.08 Sunny Acres Pads 26,313     2/28/2019 285,979 124,044 161,936 12/31/2018 285,941 125,020 160,921 12/31/2017 264,113
Loan 12 Woodlands Mall Sq. Ft. 327   LO(26);DEF(89);O(5) 5/31/2019 53,807,988 10,101,329 43,706,659 12/31/2018 52,962,351 9,785,492 43,176,859 12/31/2017 51,530,705
Loan 13 MI-SC Storage Portfolio Sq. Ft. 45   LO(24);DEF(93);O(3) Various 3,579,827 1,365,623 2,214,205 12/31/2018 3,444,073 1,349,213 2,094,860 12/31/2017 3,274,370
Property 13.01 Solo Storage - Dove Rd Sq. Ft. 52     6/30/2019 425,223 239,740 185,482 12/31/2018 427,124 208,081 219,043 12/31/2017 423,699
Property 13.02 Port Huron Self Storage Sq. Ft. 61     6/30/2019 360,762 148,770 211,992 12/31/2018 345,389 169,404 175,985 12/31/2017 337,692
Property 13.03 Lapeer Self Storage - Demille Sq. Ft. 57     6/30/2019 294,442 201,745 92,697 12/31/2018 292,253 200,177 92,076 12/31/2017 286,430
Property 13.04 Marion Self Storage - White’s Mini Storage Sq. Ft. 34     6/30/2019 437,087 294,432 142,655 12/31/2018 366,227 271,478 94,749 12/31/2017 310,910
Property 13.05 Fort Gratiot Self Storage Sq. Ft. 46     6/30/2019 328,874 90,685 238,189 12/31/2018 330,583 93,701 236,882 12/31/2017 323,780
Property 13.06 Lapeer Self Storage - Luzi’s Sq. Ft. 46     6/30/2019 172,516 22,942 149,574 12/31/2018 164,235 21,387 142,849 12/31/2017 87,505
Property 13.07 Fort Knox - Lapeer Sq. Ft. 45     7/31/2019 171,679 57,836 113,843 12/31/2018 169,714 57,084 112,630 12/31/2017 163,068
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage Sq. Ft. 26     6/30/2019 197,680 2,235 195,445 12/31/2018 182,306 2,748 179,558 12/31/2017 169,695
Property 13.09 Marion Self Storage - All Storage Sq. Ft. 31     6/30/2019 184,969 2,442 182,527 12/31/2018 177,058 3,057 174,001 12/31/2017 166,114
Property 13.10 Solo Storage - Howard St Sq. Ft. 69     6/30/2019 156,855 70,611 86,243 12/31/2018 148,123 79,518 68,605 12/31/2017 172,887
Property 13.11 Lapeer Self Storage - Evergreen Sq. Ft. 52     6/30/2019 133,373 9,819 123,554 12/31/2018 128,228 17,731 110,498 12/31/2017 129,742
Property 13.12 Lapeer Self Storage - Sam’s Sq. Ft. 44     6/30/2019 138,181 23,756 114,425 12/31/2018 136,750 33,328 103,422 12/31/2017 134,137
Property 13.13 Marysville Self Storage Sq. Ft. 41     6/30/2019 148,472 54,425 94,047 12/31/2018 148,147 52,659 95,488 12/31/2017 160,802
Property 13.14 Saint Clair Self Storage Sq. Ft. 45     6/30/2019 177,311 45,071 132,241 12/31/2018 179,210 50,589 128,621 12/31/2017 171,325
Property 13.15 Fort Knox - Imlay City Sq. Ft. 38     7/31/2019 148,444 84,381 64,063 12/31/2018 145,183 66,589 78,594 12/31/2017 140,590
Property 13.16 Lapeer Self Storage - Lock Tight Sq. Ft. 50     6/30/2019 103,960 16,733 87,227 12/31/2018 103,543 21,682 81,860 12/31/2017 95,995
Loan 14 136-20 38th Avenue Sq. Ft. 851   LO(26);DEF(90);O(4) 12/31/2018 1,846,155 64,215 1,781,940 12/31/2017 1,908,105 83,581 1,824,524 12/31/2016 1,707,743
Loan 15 Beverly Hills BMW Sq. Ft. 175   LO(25);DEF(91);O(4) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 16 BWAY Facilities Sq. Ft. 44   LO(24);YM1(91);O(5) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 16.01 BWAY Facilities Premises C Sq. Ft. 58     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 16.02 BWAY Facilities Premises A & B Sq. Ft. 34     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 17 Metreon Sq. Ft. 253   LO(25);YM1(92);O(3) 5/31/2019 2,324,477 440,368 1,884,110 12/31/2018 2,200,746 412,660 1,788,086 12/31/2017 2,147,581
Loan 18 Capital at St. Charles Units 65,737   LO(26);DEF(91);O(3) 5/31/2019 2,648,020 1,525,180 1,122,841 12/31/2018 2,377,615 1,498,379 879,237 NAP NAP
Loan 19 Corporate Park of Doral Sq. Ft. 86   LO(17);YM1(97);O(6) 7/31/2019 4,368,784 2,399,022 1,969,763 12/31/2018 3,965,408 2,308,682 1,656,726 12/31/2017 3,729,211
Loan 20 Sandpiper Midwest Portfolio Rooms 32,645   LO(26);DEF(30);O(4) 5/31/2019 6,387,210 4,245,439 2,141,771 12/31/2018 6,175,603 3,990,210 2,185,393 12/31/2017 5,792,615
Property 20.01 WoodSpring Suites Columbus Rooms 31,828     5/31/2019 1,721,133 1,095,239 625,894 12/31/2018 1,641,648 1,077,576 564,072 12/31/2017 1,626,307
Property 20.02 WoodSpring Suites Fairfield Rooms 35,640     5/31/2019 1,595,577 983,625 611,951 12/31/2018 1,522,787 919,006 603,781 12/31/2017 1,380,855
Property 20.03 WoodSpring Suites Easton Rooms 32,832     5/31/2019 1,677,928 1,259,272 418,656 12/31/2018 1,632,475 1,120,332 512,143 12/31/2017 1,459,191
Property 20.04 WoodSpring Suites Fort Wayne Rooms 30,402     5/31/2019 1,392,572 907,303 485,269 12/31/2018 1,378,693 873,296 505,397 12/31/2017 1,326,262
Loan 21 Liberty MA Portfolio Sq. Ft. 98   LO(26);DEF(91);O(3) 4/30/2019 5,715,870 1,740,559 3,975,311 12/31/2018 5,498,954 1,740,559 3,758,395 12/31/2017 4,686,493
Property 21.01 10-14 New Bond Sq. Ft. 96     4/30/2019 3,711,639 847,161 2,864,478 12/31/2018 3,514,047 847,161 2,666,887 12/31/2017 2,760,566
Property 21.02 151 West Boylston Sq. Ft. 111     4/30/2019 1,286,704 550,616 736,089 12/31/2018 1,285,484 550,616 734,869 12/31/2017 1,246,603
Property 21.03 8 New Bond Sq. Ft. 98     4/30/2019 717,527 342,783 374,744 12/31/2018 699,422 342,783 356,640 12/31/2017 679,324
Loan 22 The Centre Units 191,083   LO(27);DEF(29);O(4) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 23 University Station Sarasota Sq. Ft. 273   LO(25);DEF(90);O(5) 7/31/2019 1,553,072 386,514 1,166,558 12/31/2018 1,405,555 347,105 1,058,450 NAP NAP
Loan 24 River Valley Shopping Center Sq. Ft. 141   LO(24);YM1(91);O(5) 3/31/2019 2,255,724 622,937 1,632,787 12/31/2018 2,258,828 616,084 1,642,744 12/31/2017 2,113,677
Loan 25 265 Davidson Avenue Sq. Ft. 79   LO(26);DEF(90);O(4) 6/30/2019 3,162,321 1,499,680 1,662,641 12/31/2018 3,167,137 1,508,774 1,658,363 12/31/2017 3,052,497
Loan 26 106 N Grove & 25 N Harrison Units 89,610   LO(25);DEF(90);O(5) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.01 106 N Grove Units 101,205     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.02 25 N Harrison Units 76,056     6/30/2019 796,513 194,026 602,488 12/31/2018 604,221 399,710 204,511 NAP NAP
Loan 27 My Self Storage Space - Brea Sq. Ft. 135   LO(26);DEF(90);O(4) 5/31/2019 1,580,251 445,327 1,134,924 NAP NAP NAP NAP NAP NAP
Loan 28 Aero Office Park Sq. Ft. 119   LO(27);DEF(89);O(4) 5/31/2019 1,983,981 763,245 1,220,736 12/31/2018 1,947,137 763,439 1,183,698 12/31/2017 1,865,490
Loan 29 Lee Industries Sq. Ft. 37   LO(25);YM1(90);O(5) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 29.01 Conover (HQ) Sq. Ft. 32     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 29.02 Newton Sq. Ft. 30     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 29.03 High Point Showroom Sq. Ft. 86     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 30 La Terraza Office Building Sq. Ft. 289   LO(26);DEF(90);O(4) 6/30/2019 1,617,074 413,894 1,203,180 12/31/2018 1,437,038 396,878 1,040,160 12/31/2017 1,249,840
Loan 31 T-Mobile Meridian Sq. Ft. 141   LO(18);YM1(61);O(5) 3/31/2019 1,512,989 2,833 1,510,156 12/31/2018 1,498,957 18,769 1,480,188 12/31/2017 1,469,845
Loan 32 Marriott SpringHill Suites and Towneplace Suites Rooms 108,209   LO(28);DEF(87);O(5) 3/31/2019 7,260,614 4,537,935 2,722,679 12/31/2018 7,197,446 4,623,290 2,574,156 12/31/2017 7,240,714
Loan 33 Chef’s Store Charleston Sq. Ft. 154   LO(26);DEF(90);O(4) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 34 Tennessee Retail Portfolio Sq. Ft. 43   LO(26);DEF(88);O(6) 12/31/2018 1,077,419 251,987 825,431 12/31/2017 1,042,921 262,547 780,374 12/31/2016 1,051,099
Property 34.01 Elk Crossing Sq. Ft. 44     12/31/2018 605,050 155,697 449,353 12/31/2017 635,590 155,545 480,045 12/31/2016 676,648
Property 34.02 Cumberland Crossing Sq. Ft. 42     12/31/2018 472,369 96,290 376,079 12/31/2017 407,331 107,002 300,329 12/31/2016 374,451
Loan 35 Sandhurst Apartments Units 21,306   LO(25);DEF(91);O(4) 6/30/2019 3,129,194 1,553,479 1,575,715 12/31/2018 3,098,850 1,522,693 1,576,157 12/31/2017 3,015,767
Loan 36 Churchlight Portfolio Pads 30,818   LO(27);DEF(30);O(3) 3/31/2019 1,159,578 541,930 617,648 12/31/2018 1,150,339 518,503 631,836 12/31/2017 1,060,105
Property 36.01 Lisa Lake Pads 34,435     3/31/2019 629,483 282,670 346,813 12/31/2018 617,758 270,067 347,691 12/31/2017 578,468
Property 36.02 Grimms Pads 25,715     3/31/2019 87,915 39,454 48,461 12/31/2018 86,043 35,953 50,090 12/31/2017 74,741
Property 36.03 Nelson Manor Pads 26,456     3/31/2019 154,488 86,329 68,159 12/31/2018 154,891 79,168 75,723 12/31/2017 141,700

A-1-14 

 

        Loan per Net                        
      Units Rentable Area     Most Recent       Second Most Second Second Second Third Most Third
Property     of (Sq. Ft./Units/Rooms/   Prepayment Provisions Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent
Flag ID Property Name Measure Pads/Spaces) ($)(2)(5)   (# of payments)(9)(10)(32) Statements Date (26) EGI ($) (26) Expenses($) (26) NOI($) (26) Statements Date (26) EGI($) (26) Expenses($) (26) NOI($) (26) Statements Date (26) EGI($) (26)
Property 36.04 Hokes Pads 30,166     3/31/2019 132,835 51,982 80,853 12/31/2018 134,113 53,168 80,945 12/31/2017 118,931
Property 36.05 Highspire Court Pads 24,940     3/31/2019 154,857 81,495 73,362 12/31/2018 157,534 80,147 77,387 12/31/2017 146,265
Loan 37 Comfort Suites Phoenix Airport Rooms 70,528   LO(25);DEF(90);O(5) 6/30/2019 2,045,757 1,177,323 868,434 12/31/2018 2,000,068 1,190,935 809,133 12/31/2017 1,910,211
Loan 38 7001 S Alameda Sq. Ft. 36   LO(24);DEF(92);O(4) 8/31/2019 496,000 0 496,000 12/31/2018 480,000 0 480,000 12/31/2017 480,000
Loan 39 Princeton Estates Portfolio Units 38,751   LO(25);DEF(91);O(4) 6/30/2019 1,633,816 751,236 882,580 NAP NAP NAP NAP NAP NAP
Property 39.01 Strata Estates Williston Units 47,513     6/30/2019 846,583 405,011 441,572 NAP NAP NAP NAP NAP NAP
Property 39.02 Strata Estates of Watford City Units 31,205     6/30/2019 787,233 346,225 441,008 NAP NAP NAP NAP NAP NAP
Loan 40 700 Acqua Apartments Phase III Units 98,958   LO(26);DEF(55);O(3) 6/30/2019 759,081 298,632 460,449 12/31/2018 515,638 246,129 269,509 NAP NAP
Loan 41 Grove Heights Sq. Ft. 222   LO(26);DEF(90);O(4) 12/31/2018 227,493 102,217 125,276 12/31/2017 213,006 104,610 108,396 NAP NAP
Loan 42 Brooklyn Condo Portfolio Sq. Ft. 522   LO(25);DEF(89);O(6) 7/31/2019 308,054 64,439 243,615 12/31/2018 323,267 67,433 255,834 12/31/2017 314,051
Property 42.01 Dumbo Sq. Ft. 704     7/31/2019 142,018 48,757 93,261 12/31/2018 155,879 55,125 100,754 12/31/2017 148,601
Property 42.02 Crown Heights Sq. Ft. 412     7/31/2019 166,036 15,682 150,354 12/31/2018 167,388 12,308 155,080 12/31/2017 165,450
Loan 43 Planet Self Storage Sq. Ft. 102   LO(25);YM1(92);O(3) 3/31/2019 747,913 285,080 462,833 12/31/2018 729,840 285,541 444,299 12/31/2017 680,869
Loan 44 Dunlawton Shopping Center Sq. Ft. 346   LO(25);DEF(91);O(4) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 45 Qwik Stor Self Storage Units 5,975   LO(24);DEF(92);O(4) 6/30/2019 638,605 307,177 331,428 12/31/2018 623,744 309,606 314,138 12/31/2017 602,383
Loan 46 Menifee Storage Sq. Ft. 84   LO(25);YM1(89);O(6) 4/30/2019 634,782 221,829 412,953 12/31/2018 632,854 203,017 429,837 12/31/2017 571,328
Loan 47 Hesperia Shopping Center Sq. Ft. 157   LO(27);DEF(89);O(4) 12/31/2018 380,509 111,130 269,379 12/31/2017 284,955 101,651 183,304 12/31/2016 264,956
Loan 48 Mini U Storage - Crowley Sq. Ft. 52   LO(25);YM1(32);O(3) 7/31/2019 608,282 330,283 277,999 12/31/2018 632,438 329,589 302,849 12/31/2017 679,530

A-1-15 

 

                               
      Third Third                      
Property     Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease
Flag ID Property Name Expenses($) (26) NOI($) (26) Debt Yield(2)(5)(26) Debt Yield(2)(5)  Revenue($) (26)  EGI($) (26)  Expenses($) (26)  NOI ($) (7)(26)  Reserves($) (26) TI/LC($) (26) NCF($) (7)(26) Interest (3)(8)  Expiration (8)(11)
Loan 1 GNL Office and Industrial Portfolio NAP NAP 10.6% 9.6% 24,507,957 30,087,669 8,504,333 21,583,336 410,771 1,536,057 19,636,508 Fee Simple  
Property 1.01 Quest Diagnostics, Inc. NAP NAP     6,599,251 8,175,080 2,512,682 5,662,397 59,992 369,634 5,232,771 Fee Simple  
Property 1.02 Encompass Health Corporation NAP NAP     4,853,793 6,543,704 2,370,142 4,173,562 39,861 238,677 3,895,024 Fee Simple  
Property 1.03 AT&T Services, Inc. NAP NAP     4,753,929 5,280,885 1,031,176 4,249,709 100,379 288,802 3,860,528 Fee Simple  
Property 1.04 Up Central Leasing LLC NAP NAP     1,265,000 1,471,241 340,243 1,130,998 33,000 76,923 1,021,075 Fee Simple  
Property 1.05 ComDoc, Inc. NAP NAP     1,210,450 1,701,664 586,675 1,114,989 16,125 69,891 1,028,973 Fee Simple  
Property 1.06 Stanley Convergent Security Solutions, Inc. NAP NAP     1,218,180 1,583,858 469,084 1,114,774 16,000 69,448 1,029,326 Fee Simple  
Property 1.07 EQT Gathering, LLC NAP NAP     1,024,015 1,269,968 341,567 928,401 19,070 46,916 862,415 Fee Simple  
Property 1.08 Metal Technologies, Inc. NAP NAP     841,943 874,187 129,351 744,837 35,157 47,228 662,452 Fee Simple  
Property 1.09 Heatcraft Refrigeration Products, LLC NAP NAP     839,482 935,275 177,122 758,153 32,214 72,598 653,341 Fee Simple  
Property 1.10 Hanes Companies, Inc. NAP NAP     728,346 872,060 215,774 656,286 41,325 184,993 429,968 Fee Simple  
Property 1.11 FedEx Ground Package System, Inc. NAP NAP     676,244 783,125 164,948 618,177 11,406 41,074 565,697 Fee Simple  
Property 1.12 Cummins, Inc. NAP NAP     497,326 596,622 165,570 431,053 6,242 29,873 394,938 Fee Simple  
Loan 2 Uline Arena NAP NAP 7.4% 7.2% 14,470,452 13,322,582 4,431,507 8,891,075 24,838 248,381 8,617,856 Fee Simple  
Loan 3 Ocean Edge Resort & Golf Club 23,779,307 9,061,409 14.0% 11.9% 16,648,190 34,716,217 24,920,254 9,795,963 1,450,357   8,345,606 Fee Simple  
Loan 4 Inland Life Storage Portfolio 6,998,459 14,628,073 9.5% 9.4% 23,594,686 21,860,451 8,604,656 13,255,794 210,853   13,044,942 Fee Simple  
Property 4.01 Life Storage - 586 274,667 1,007,524     1,472,064 1,371,838 352,371 1,019,467 14,508   1,004,959 Fee Simple  
Property 4.02 Life Storage - 145 363,404 880,895     1,248,960 1,206,363 475,170 731,194 10,133   721,061 Fee Simple  
Property 4.03 Life Storage - 364 244,883 853,481     1,189,040 1,132,189 307,323 824,866 10,472   814,394 Fee Simple  
Property 4.04 Life Storage - 365 219,283 776,588     1,110,460 1,056,886 269,654 787,232 7,578   779,654 Fee Simple  
Property 4.05 Life Storage - 212 208,326 800,407     1,129,275 973,042 298,483 674,559 7,328   667,231 Fee Simple  
Property 4.06 Life Storage - 386 358,871 659,896     1,114,942 1,056,555 458,166 598,388 9,997   588,391 Fee Simple  
Property 4.07 Life Storage - 256 240,624 611,844     928,267 896,476 343,580 552,896 7,167   545,729 Fee Simple  
Property 4.08 Life Storage - 206 309,731 661,428     937,161 902,153 379,768 522,385 8,725   513,660 Fee Simple  
Property 4.09 Life Storage - 324 266,449 637,963     978,125 885,487 300,853 584,634 11,033   573,602 Fee Simple  
Property 4.10 Life Storage - 236 286,128 601,093     978,256 866,329 330,016 536,313 8,931   527,382 Fee Simple  
Property 4.11 Life Storage - 184 212,143 530,780     803,113 759,633 262,293 497,340 6,037   491,303 Fee Simple  
Property 4.12 Life Storage - 500 337,932 485,522     848,369 787,337 369,632 417,705 4,858   412,847 Fee Simple  
Property 4.13 Life Storage - 288 243,328 507,111     768,891 722,836 285,912 436,924 7,595   429,329 Fee Simple  
Property 4.14 Life Storage - 299 190,513 475,003     799,194 693,963 292,625 401,338 6,758   394,580 Fee Simple  
Property 4.15 Life Storage - 209 185,392 509,779     765,818 684,576 242,116 442,461 5,348   437,113 Fee Simple  
Property 4.16 Life Storage - 035 268,905 418,973     750,733 685,459 299,282 386,177 6,720   379,457 Fee Simple  
Property 4.17 Life Storage - 074 206,139 393,454     681,266 646,409 246,760 399,649 6,523   393,126 Fee Simple  
Property 4.18 Life Storage - 252 246,675 384,180     656,281 614,654 265,261 349,393 6,147   343,246 Fee Simple  
Property 4.19 Life Storage - 033 227,031 349,311     570,663 593,198 263,866 329,332 5,675   323,657 Fee Simple  
Property 4.20 Life Storage - 205 186,975 302,768     564,277 520,767 202,127 318,640 5,750   312,890 Fee Simple  
Property 4.21 Life Storage - 300 185,243 383,282     657,816 568,362 263,257 305,105 5,429   299,676 Fee Simple  
Property 4.22 Life Storage - 026 191,947 312,588     549,787 539,582 258,616 280,965 6,080   274,886 Fee Simple  
Property 4.23 Life Storage - 361 188,535 290,504     525,461 506,435 220,828 285,607 4,415   281,192 Fee Simple  
Property 4.24 Life Storage - 165 165,632 238,207     439,347 441,216 191,693 249,523 5,639   243,884 Fee Simple  
Property 4.25 Life Storage - 208 141,398 285,585     451,933 391,623 162,060 229,563 5,662   223,901 Fee Simple  
Property 4.26 Life Storage - 211 172,012 263,303     483,992 441,950 259,156 182,795 4,520   178,275 Fee Simple  
Property 4.27 Life Storage - 021 193,887 220,322     618,437 441,743 217,467 224,276 4,667   219,609 Fee Simple  
Property 4.28 Life Storage - 298 131,414 237,761     374,399 355,058 160,484 194,575 3,703   190,872 Fee Simple  
Property 4.29 Life Storage - 297 118,905 191,329     320,656 294,168 148,767 145,401 3,160   142,241 Fee Simple  
Property 4.30 Life Storage - 153 133,932 132,751     307,203 282,401 160,402 121,998 3,288   118,711 Fee Simple  
Property 4.31 Life Storage - 075 148,057 130,594     316,230 292,944 170,352 122,592 3,836   118,756 Fee Simple  
Property 4.32 Life Storage - 152 150,098 93,857     254,269 248,817 146,316 102,502 3,175   99,327 Fee Simple  
Loan 5 Bushwick Avenue Portfolio NAP NAP 6.8% 6.8% 10,690,464 10,317,252 1,437,967 8,879,285 44,600   8,834,685 Fee Simple  
Property 5.01 340 Evergreen Avenue NAP NAP     5,239,788 5,068,092 1,022,316 4,045,776 33,600   4,012,176 Fee Simple  
Property 5.02 871 Bushwick Avenue NAP NAP     3,600,000 3,420,000 102,600 3,317,400     3,317,400 Fee Simple  
Property 5.03 889 Bushwick Avenue NAP NAP     1,850,676 1,829,160 313,051 1,516,109 11,000   1,505,109 Fee Simple  
Loan 6 Flamingo Pines Plaza NAP NAP 9.4% 9.1% 3,509,178 4,321,156 1,175,345 3,145,811 28,043 86,475 3,031,294 Fee Simple  
Loan 7 The Stanwix NAP NAP 12.8% 12.8% 4,763,292 4,847,093 610,613 4,236,480 23,800   4,212,680 Fee Simple  
Loan 8 Hilton Portfolio 13,886,423 8,016,075 13.6% 12.2% 23,901,279 23,901,279 14,661,204 9,240,075 956,051   8,284,023 Fee Simple  
Property 8.01 Hampton Inn Bartonsville 2,352,190 1,467,385     4,392,513 4,392,513 2,572,575 1,819,938 175,701   1,644,237 Fee Simple  
Property 8.02 Homewood Suites Leesburg 2,087,261 1,488,056     3,717,078 3,717,078 2,097,431 1,619,647 148,683   1,470,964 Fee Simple  
Property 8.03 Hampton Inn Leesburg 1,962,663 1,197,191     3,519,666 3,519,666 2,099,585 1,420,081 140,787   1,279,294 Fee Simple  
Property 8.04 Hampton Inn Faxon 1,922,241 949,915     3,483,569 3,483,569 2,055,664 1,427,905 139,343   1,288,562 Fee Simple  
Property 8.05 Homewood Suites Ocala 2,069,562 1,186,917     3,264,274 3,264,274 2,103,020 1,161,254 130,571   1,030,683 Fee Simple  
Property 8.06 Hampton Inn Williamsport 1,906,892 892,487     3,160,226 3,160,226 2,132,237 1,027,989 126,409   901,580 Fee Simple  
Property 8.07 Hampton Inn Bermuda Run 1,585,614 834,124     2,363,953 2,363,953 1,600,692 763,261 94,558   668,703 Fee Simple  
Loan 9 Southbridge Park NAP NAP 16.8% 16.6% 8,466,480 8,693,906 3,833,749 4,860,157 42,750   4,817,407 Fee Simple  
Loan 10 Grand Canal Shoppes 33,160,381 74,425,947 9.6% 9.3% 76,697,658 104,029,334 31,007,624 73,021,709   2,023,806 70,997,903 Fee/Leasehold 02/28/2064
Loan 11 Gemstone - Inland Portfolio 1,641,472 2,457,946 9.9% 9.7% 4,658,148 4,546,096 2,171,906 2,374,190 47,150   2,327,040 Fee Simple  
Property 11.01 Sunset Village 391,836 745,327     1,122,060 1,265,279 514,652 750,627 11,800   738,827 Fee Simple  

A-1-16 

 

                               
      Third Third                      
Property     Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease
Flag ID Property Name Expenses($) (26) NOI($) (26) Debt Yield(2)(5)(26) Debt Yield(2)(5)  Revenue($) (26)  EGI($) (26)  Expenses($) (26)  NOI ($) (7)(26)  Reserves($) (26) TI/LC($) (26) NCF($) (7)(26) Interest (3)(8)  Expiration (8)(11)
Property 11.02 Suncoast 267,480 292,788     1,013,652 633,245 371,757 261,488 7,750   253,738 Fee Simple  
Property 11.03 Tropic Breeze 187,085 250,487     537,300 481,625 244,497 237,128 6,050   231,078 Fee Simple  
Property 11.04 Lakewood 189,276 207,803     445,200 466,378 263,620 202,758 5,300   197,458 Fee Simple  
Property 11.05 Kozy 193,043 348,925     501,576 570,575 254,956 315,619 4,850   310,769 Fee Simple  
Property 11.06 Capital 148,908 240,642     409,260 440,501 196,371 244,129 4,750   239,379 Fee Simple  
Property 11.07 Try Mor 139,400 232,305     352,980 392,177 177,971 214,206 3,400   210,806 Fee Simple  
Property 11.08 Sunny Acres 124,443 139,670     276,120 296,316 148,081 148,235 3,250   144,985 Fee Simple  
Loan 12 Woodlands Mall 10,009,375 41,521,330 17.4% 17.0% 56,897,203 53,931,267 10,814,593 43,116,674 151,646 758,231 42,206,797 Fee Simple  
Loan 13 MI-SC Storage Portfolio 1,357,517 1,916,853 10.1% 9.4% 3,822,747 3,579,708 1,450,114 2,129,594 145,721   1,983,873 Fee Simple  
Property 13.01 Solo Storage - Dove Rd 241,014 182,685     455,810 425,222 231,171 194,051 7,618   186,433 Fee Simple  
Property 13.02 Port Huron Self Storage 218,806 118,887     348,216 360,762 147,686 213,076 10,937   202,139 Fee Simple  
Property 13.03 Lapeer Self Storage - Demille 226,713 59,716     306,939 294,442 93,232 201,210 6,021   195,189 Fee Simple  
Property 13.04 Marion Self Storage - White’s Mini Storage 236,449 74,461     495,344 437,087 259,285 177,802 18,343   159,459 Fee Simple  
Property 13.05 Fort Gratiot Self Storage 83,540 240,240     319,817 328,755 97,269 231,485 8,618   222,867 Fee Simple  
Property 13.06 Lapeer Self Storage - Luzi’s 8,428 79,078     225,120 172,516 67,716 104,800 14,382   90,418 Fee Simple  
Property 13.07 Fort Knox - Lapeer 52,289 110,779     180,837 171,679 58,572 113,107 8,848   104,259 Fee Simple  
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage 1,803 167,892     217,982 197,680 42,300 155,380 12,585   142,795 Fee Simple  
Property 13.09 Marion Self Storage - All Storage 8,482 157,632     172,649 184,969 36,158 148,811 3,047   145,764 Fee Simple  
Property 13.10 Solo Storage - Howard St 71,136 101,752     164,020 156,854 72,040 84,814 6,180   78,634 Fee Simple  
Property 13.11 Lapeer Self Storage - Evergreen 5,674 124,068     146,556 133,373 59,114 74,259 4,081   70,178 Fee Simple  
Property 13.12 Lapeer Self Storage - Sam’s 29,415 104,721     163,165 138,181 67,466 70,715 3,083   67,632 Fee Simple  
Property 13.13 Marysville Self Storage 49,038 111,764     188,328 148,472 62,327 86,144 14,520   71,624 Fee Simple  
Property 13.14 Saint Clair Self Storage 62,594 108,731     174,916 177,311 49,434 127,877 10,198   117,679 Fee Simple  
Property 13.15 Fort Knox - Imlay City 58,494 82,096     155,852 148,444 84,412 64,032 4,673   59,359 Fee Simple  
Property 13.16 Lapeer Self Storage - Lock Tight 3,644 92,351     107,196 103,960 21,931 82,029 12,587   69,442 Fee Simple  
Loan 14 136-20 38th Avenue 88,730 1,619,013 8.9% 8.8% 2,276,336 2,162,519 373,765 1,788,755 4,701 29,384 1,754,670 Fee Simple  
Loan 15 Beverly Hills BMW NAP NAP 4.0% 4.0% 1,200,000 2,437,753 78,975 2,358,779     2,358,779 Fee Simple  
Loan 16 BWAY Facilities NAP NAP 9.5% 8.5% 1,764,506 1,725,456 51,764 1,673,692 60,387 120,775 1,492,530 Fee Simple  
Property 16.01 BWAY Facilities Premises C NAP NAP     909,000 888,883 26,666 862,216 23,273 46,546 792,398 Fee Simple  
Property 16.02 BWAY Facilities Premises A & B NAP NAP     855,506 836,573 25,097 811,476 37,115 74,229 700,132 Fee Simple  
Loan 17 Metreon 438,769 1,708,812 9.8% 9.0% 1,918,080 2,165,287 443,356 1,721,931 15,035 124,818 1,582,078 Fee Simple  
Loan 18 Capital at St. Charles NAP NAP 9.0% 8.7% 2,674,620 2,798,450 1,306,286 1,492,165 62,750   1,429,415 Fee Simple  
Loan 19 Corporate Park of Doral 2,435,915 1,293,296 12.0% 10.5% 4,804,933 4,292,184 2,374,079 1,918,104 50,995 185,388 1,681,721 Fee Simple  
Loan 20 Sandpiper Midwest Portfolio 3,812,631 1,979,983 14.1% 12.5% 6,217,847 6,387,210 4,136,734 2,250,476 255,488   1,994,987 Fee Simple  
Property 20.01 WoodSpring Suites Columbus 1,034,390 591,917     1,680,312 1,721,133 1,066,597 654,536 68,845   585,691 Fee Simple  
Property 20.02 WoodSpring Suites Fairfield 899,120 481,735     1,544,695 1,595,577 939,843 655,734 63,823   591,911 Fee Simple  
Property 20.03 WoodSpring Suites Easton 1,039,006 420,185     1,645,950 1,677,928 1,256,085 421,843 67,117   354,726 Fee Simple  
Property 20.04 WoodSpring Suites Fort Wayne 840,115 486,146     1,346,889 1,392,572 874,209 518,363 55,703   462,660 Fee Simple  
Loan 21 Liberty MA Portfolio 1,458,815 3,227,678 10.9% 10.0% 6,169,598 5,713,521 1,854,129 3,859,392 54,070 270,352 3,534,970 Fee Simple  
Property 21.01 10-14 New Bond 695,256 2,065,310     4,083,892 3,732,100 968,845 2,763,255 41,636 208,181 2,513,438 Fee Simple  
Property 21.02 151 West Boylston 473,362 773,241     1,346,935 1,279,588 541,003 738,585 7,556 37,778 693,252 Fee Simple  
Property 21.03 8 New Bond 290,197 389,127     738,771 701,832 344,280 357,552 4,879 24,393 328,280 Fee Simple  
Loan 22 The Centre NAP NAP 13.2% 13.0% 11,579,286 10,488,618 2,588,348 7,900,270 78,500   7,821,770 Fee Simple  
Loan 23 University Station Sarasota NAP NAP 7.6% 7.4% 1,653,996 1,551,825 434,455 1,117,370 8,062 23,756 1,085,552 Fee Simple  
Loan 24 River Valley Shopping Center 589,990 1,523,686 10.7% 10.2% 2,365,485 2,212,097 648,048 1,564,049 21,776 50,000 1,492,273 Fee Simple  
Loan 25 265 Davidson Avenue 1,511,539 1,540,958 11.0% 9.5% 3,289,562 3,059,293 1,516,352 1,542,941 39,216 178,256 1,325,469 Fee Simple  
Loan 26 106 N Grove & 25 N Harrison NAP NAP 8.2% 8.0% 1,971,518 1,890,473 754,845 1,135,628 38,500   1,097,128 Fee Simple  
Property 26.01 106 N Grove NAP NAP     1,141,140 1,084,083 379,810 704,273 20,750   683,523 Fee Simple  
Property 26.02 25 N Harrison NAP NAP     830,378 806,390 375,035 431,355 17,750   413,605 Fee Simple  
Loan 27 My Self Storage Space - Brea NAP NAP 8.7% 8.6% 1,744,364 1,640,469 482,616 1,157,853 9,863   1,147,990 Fee Simple  
Loan 28 Aero Office Park 764,838 1,100,652 10.4% 9.6% 2,098,673 2,012,905 744,148 1,268,757 26,649 76,800 1,165,308 Fee Simple  
Loan 29 Lee Industries NAP NAP 10.3% 9.0% 1,337,740 1,270,853 38,126 1,232,728 49,125 98,250 1,085,353 Fee Simple  
Property 29.01 Conover (HQ) NAP NAP     623,524 592,348 17,770 574,577 25,890 51,780 496,907 Fee Simple  
Property 29.02 Newton NAP NAP     412,512 391,886 11,757 380,130 18,480 36,960 324,690 Fee Simple  
Property 29.03 High Point Showroom NAP NAP     301,704 286,619 8,599 278,021 4,755 9,510 263,756 Fee Simple  
Loan 30 La Terraza Office Building 363,205 886,635 10.1% 9.6% 1,702,679 1,594,730 428,367 1,166,363 8,040 40,201 1,118,122 Fee Simple  
Loan 31 T-Mobile Meridian 21,463 1,448,383 11.7% 10.9% 1,526,551 1,450,223 176,774 1,273,449 13,668 77,484 1,182,297 Fee Simple  
Loan 32 Marriott SpringHill Suites and Towneplace Suites 4,867,030 2,373,684 12.7% 11.4% 7,260,614 7,260,614 4,451,660 2,808,954 290,425   2,518,529 Fee Simple  
Loan 33 Chef’s Store Charleston NAP NAP 9.6% 9.0% 934,954 888,206 32,764 855,442 8,678 49,176 797,588 Fee Simple  
Loan 34 Tennessee Retail Portfolio 253,683 797,416 11.1% 9.4% 1,283,017 1,074,227 255,811 818,416 42,725 81,760 693,931 Fee Simple  
Property 34.01 Elk Crossing 156,304 520,344     838,503 629,713 159,274 470,440 26,675 51,045 392,720 Fee Simple  
Property 34.02 Cumberland Crossing 97,379 277,072     444,514 444,514 96,537 347,976 16,051 30,715 301,211 Fee Simple  
Loan 35 Sandhurst Apartments 1,377,119 1,638,648 22.7% 21.2% 3,098,556 3,095,413 1,510,809 1,584,604 106,469   1,478,135 Fee Simple  
Loan 36 Churchlight Portfolio 516,393 543,712 8.7% 8.5% 952,020 1,137,060 548,111 588,949 11,000   577,949 Fee Simple  
Property 36.01 Lisa Lake 266,001 312,467     527,280 611,560 268,242 343,318 5,750   337,568 Fee Simple  
Property 36.02 Grimms 35,782 38,959     61,620 82,050 48,420 33,630 750   32,880 Fee Simple  
Property 36.03 Nelson Manor 77,660 64,040     124,500 158,305 84,538 73,767 1,600   72,167 Fee Simple  

A-1-17 

 

                               
      Third Third                      
Property     Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease
Flag ID Property Name Expenses($) (26) NOI($) (26) Debt Yield(2)(5)(26) Debt Yield(2)(5)  Revenue($) (26)  EGI($) (26)  Expenses($) (26)  NOI ($) (7)(26)  Reserves($) (26) TI/LC($) (26) NCF($) (7)(26) Interest (3)(8)  Expiration (8)(11)
Property 36.04 Hokes 54,999 63,932     112,080 130,443 59,665 70,778 1,350   69,428 Fee Simple  
Property 36.05 Highspire Court 81,951 64,314     126,540 154,702 87,246 67,456 1,550   65,906 Fee Simple  
Loan 37 Comfort Suites Phoenix Airport 1,119,648 790,564 13.3% 12.1% 2,045,757 2,045,757 1,181,309 864,448 81,830   782,618 Fee Simple  
Loan 38 7001 S Alameda 0 480,000 8.9% 8.0% 504,000 625,539 164,345 461,194 14,425 28,851 417,918 Fee Simple  
Loan 39 Princeton Estates Portfolio NAP NAP 16.7% 15.7% 1,833,789 1,699,121 834,250 864,870 47,262   817,608 Fee Simple  
Property 39.01 Strata Estates Williston NAP NAP     932,868 865,001 404,504 460,497 24,343   436,154 Fee Simple  
Property 39.02 Strata Estates of Watford City NAP NAP     900,921 834,119 429,746 404,373 22,919   381,454 Fee Simple  
Loan 40 700 Acqua Apartments Phase III NAP NAP 9.0% 8.8% 688,860 754,411 324,723 429,688 12,000   417,688 Fee Simple  
Loan 41 Grove Heights NAP NAP 9.6% 9.0% 547,521 522,005 119,175 402,830 3,798 20,000 379,032 Fee Simple  
Loan 42 Brooklyn Condo Portfolio 58,561 255,490 7.6% 7.3% 395,464 375,691 101,706 273,985 1,483 9,311 263,191 Fee Simple  
Property 42.01 Dumbo 48,248 100,353     211,705 201,120 66,927 134,193 624 3,511 130,057 Fee Simple  
Property 42.02 Crown Heights 10,313 155,138     183,759 174,571 34,779 139,792 859 5,800 133,134 Fee Simple  
Loan 43 Planet Self Storage 286,152 394,717 12.2% 12.0% 782,336 743,977 305,748 438,229 7,034   431,195 Fee Simple  
Loan 44 Dunlawton Shopping Center NAP NAP 10.1% 9.7% 508,249 482,837 124,594 358,242 2,050 10,250 345,942 Fee Simple  
Loan 45 Qwik Stor Self Storage 304,546 297,837 10.5% 10.3% 723,609 638,605 280,299 358,306 8,213   350,093 Fee Simple  
Loan 46 Menifee Storage 195,429 375,899 11.1% 10.9% 579,330 563,497 203,911 359,585 6,927   352,658 Fee Simple  
Loan 47 Hesperia Shopping Center 96,444 168,512 10.4% 9.5% 465,685 442,400 121,237 321,163 5,525 19,732 295,906 Fee Simple  
Loan 48 Mini U Storage - Crowley 301,316 378,214 8.7% 8.4% 654,818 608,282 348,297 259,985 7,743   252,243 Fee Simple  

A-1-18 

 

             
             
Property     Ground Lease     Lease
Flag ID Property Name  Extension Terms (8)(11) Largest Tenant (13)(14) Sq. Ft. (14) Expiration  (13)(14)
Loan 1 GNL Office and Industrial Portfolio         
Property 1.01 Quest Diagnostics, Inc.   Quest Diagnostics Inc. 222,193 8/31/2024
Property 1.02 Encompass Health Corporation   Encompass Health Corporation 199,305 3/30/2033
Property 1.03 AT&T Services, Inc.   AT&T Services, Inc. 401,516 7/17/2026
Property 1.04 Up Central Leasing LLC   UP Central Leasing LLC 220,000 3/31/2029
Property 1.05 ComDoc, Inc.   ComDoc, Inc. 107,500 4/30/2029
Property 1.06 Stanley Convergent Security Solutions, Inc.   Stanley Convergent Security Solutions, Inc. 80,000 6/30/2028
Property 1.07 EQT Gathering, LLC   EQT Gathering, LLC 127,135 6/30/2030
Property 1.08 Metal Technologies, Inc.   Metal Technologies, Inc. 234,377 6/30/2033
Property 1.09 Heatcraft Refrigeration Products, LLC   Heatcraft Refrigeration Products, LLC 214,757 5/31/2028
Property 1.10 Hanes Companies, Inc.   Hanes Companies, Inc. 275,500 9/30/2028
Property 1.11 FedEx Ground Package System, Inc.   FedEx Ground Package System, Inc. 76,039 6/30/2024
Property 1.12 Cummins, Inc.   Cummins, Inc. 36,720 11/30/2028
Loan 2 Uline Arena   Recreational Equipment, Inc. 51,159 2/29/2032
Loan 3 Ocean Edge Resort & Golf Club   NAP  NAP NAP
Loan 4 Inland Life Storage Portfolio         
Property 4.01 Life Storage - 586   NAP  NAP NAP
Property 4.02 Life Storage - 145   NAP  NAP NAP
Property 4.03 Life Storage - 364   NAP  NAP NAP
Property 4.04 Life Storage - 365   NAP  NAP NAP
Property 4.05 Life Storage - 212   NAP  NAP NAP
Property 4.06 Life Storage - 386   NAP  NAP NAP
Property 4.07 Life Storage - 256   NAP  NAP NAP
Property 4.08 Life Storage - 206   NAP  NAP NAP
Property 4.09 Life Storage - 324   NAP  NAP NAP
Property 4.10 Life Storage - 236   NAP  NAP NAP
Property 4.11 Life Storage - 184   NAP  NAP NAP
Property 4.12 Life Storage - 500   NAP  NAP NAP
Property 4.13 Life Storage - 288   NAP  NAP NAP
Property 4.14 Life Storage - 299   NAP  NAP NAP
Property 4.15 Life Storage - 209   NAP  NAP NAP
Property 4.16 Life Storage - 035   NAP  NAP NAP
Property 4.17 Life Storage - 074   NAP  NAP NAP
Property 4.18 Life Storage - 252   NAP  NAP NAP
Property 4.19 Life Storage - 033   NAP  NAP NAP
Property 4.20 Life Storage - 205   NAP  NAP NAP
Property 4.21 Life Storage - 300   NAP  NAP NAP
Property 4.22 Life Storage - 026   NAP  NAP NAP
Property 4.23 Life Storage - 361   NAP  NAP NAP
Property 4.24 Life Storage - 165   NAP  NAP NAP
Property 4.25 Life Storage - 208   NAP  NAP NAP
Property 4.26 Life Storage - 211   NAP  NAP NAP
Property 4.27 Life Storage - 021   NAP  NAP NAP
Property 4.28 Life Storage - 298   NAP  NAP NAP
Property 4.29 Life Storage - 297   NAP  NAP NAP
Property 4.30 Life Storage - 153   NAP  NAP NAP
Property 4.31 Life Storage - 075   NAP  NAP NAP
Property 4.32 Life Storage - 152   NAP  NAP NAP
Loan 5 Bushwick Avenue Portfolio        
Property 5.01 340 Evergreen Avenue   NAP NAP NAP
Property 5.02 871 Bushwick Avenue   Metro International Church, Inc. 140,510 6/30/2049
Property 5.03 889 Bushwick Avenue   NAP NAP NAP
Loan 6 Flamingo Pines Plaza   Florida Technical College 35,139 1/31/2022
Loan 7 The Stanwix   NAP NAP NAP
Loan 8 Hilton Portfolio        
Property 8.01 Hampton Inn Bartonsville   NAP NAP NAP
Property 8.02 Homewood Suites Leesburg   NAP NAP NAP
Property 8.03 Hampton Inn Leesburg   NAP NAP NAP
Property 8.04 Hampton Inn Faxon   NAP NAP NAP
Property 8.05 Homewood Suites Ocala   NAP NAP NAP
Property 8.06 Hampton Inn Williamsport   NAP NAP NAP
Property 8.07 Hampton Inn Bermuda Run   NAP NAP NAP
Loan 9 Southbridge Park   NAP NAP NAP
Loan 10 Grand Canal Shoppes Walgreens has one option to extend the Term for an additional 40 years with 2 years written notice prior to the expiration of the Term. Venetian Casino Resort 81,105 34,088 SF (7/31/2025); 38,920 SF (5/31/2029); 8,096 SF (9/30/2033); 1 SF (12/31/2019)
Loan 11 Gemstone - Inland Portfolio         
Property 11.01 Sunset Village   NAP  NAP NAP

A-1-19 

 

             
             
Property     Ground Lease     Lease
Flag ID Property Name  Extension Terms (8)(11) Largest Tenant (13)(14) Sq. Ft. (14) Expiration  (13)(14)
Property 11.02 Suncoast   NAP  NAP NAP
Property 11.03 Tropic Breeze   NAP  NAP NAP
Property 11.04 Lakewood   NAP  NAP NAP
Property 11.05 Kozy   NAP  NAP NAP
Property 11.06 Capital   NAP  NAP NAP
Property 11.07 Try Mor   NAP  NAP NAP
Property 11.08 Sunny Acres   NAP  NAP NAP
Loan 12 Woodlands Mall   Forever 21 85,150 6/30/2025
Loan 13 MI-SC Storage Portfolio         
Property 13.01 Solo Storage - Dove Rd   NAP  NAP NAP
Property 13.02 Port Huron Self Storage   NAP  NAP NAP
Property 13.03 Lapeer Self Storage - Demille   NAP  NAP NAP
Property 13.04 Marion Self Storage - White’s Mini Storage   NAP  NAP NAP
Property 13.05 Fort Gratiot Self Storage   NAP  NAP NAP
Property 13.06 Lapeer Self Storage - Luzi’s   NAP  NAP NAP
Property 13.07 Fort Knox - Lapeer   NAP  NAP NAP
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage   NAP  NAP NAP
Property 13.09 Marion Self Storage - All Storage   NAP  NAP NAP
Property 13.10 Solo Storage - Howard St   NAP  NAP NAP
Property 13.11 Lapeer Self Storage - Evergreen   NAP  NAP NAP
Property 13.12 Lapeer Self Storage - Sam’s   NAP  NAP NAP
Property 13.13 Marysville Self Storage   NAP  NAP NAP
Property 13.14 Saint Clair Self Storage   NAP  NAP NAP
Property 13.15 Fort Knox - Imlay City   NAP  NAP NAP
Property 13.16 Lapeer Self Storage - Lock Tight   NAP  NAP NAP
Loan 14 136-20 38th Avenue   North Shore Community Services 12,642 2/10/2024
Loan 15 Beverly Hills BMW   Sonic Automotive 339,000 6/19/2024
Loan 16 BWAY Facilities        
Property 16.01 BWAY Facilities Premises C   BWAY Corporation 155,152 9/30/2031
Property 16.02 BWAY Facilities Premises A & B   BWAY Corporation 247,476 9/30/2031
Loan 17 Metreon   Sweet Tomatoes 5,006 5/31/2030
Loan 18 Capital at St. Charles   NAP  NAP NAP
Loan 19 Corporate Park of Doral   GSA - MEPS 26,091 10/31/2021
Loan 20 Sandpiper Midwest Portfolio         
Property 20.01 WoodSpring Suites Columbus   NAP  NAP NAP
Property 20.02 WoodSpring Suites Fairfield   NAP  NAP NAP
Property 20.03 WoodSpring Suites Easton   NAP  NAP NAP
Property 20.04 WoodSpring Suites Fort Wayne   NAP  NAP NAP
Loan 21 Liberty MA Portfolio        
Property 21.01 10-14 New Bond   Central MA Spec. Ed 118,068 8/31/2027
Property 21.02 151 West Boylston   Commonwealth of Mass (DCF East) 24,268 8/3/2024
Property 21.03 8 New Bond   Commonwealth of MA (DEP) 32,524 11/16/2024
Loan 22 The Centre   NAP NAP NAP
Loan 23 University Station Sarasota   Whole Foods 41,668 1/31/2038
Loan 24 River Valley Shopping Center   Best Buy 45,000 1/31/2029
Loan 25 265 Davidson Avenue   Terumo Medical Corporation 104,259 10/31/2028
Loan 26 106 N Grove & 25 N Harrison        
Property 26.01 106 N Grove   NAP NAP NAP
Property 26.02 25 N Harrison   NAP NAP NAP
Loan 27 My Self Storage Space - Brea   NAP  NAP NAP
Loan 28 Aero Office Park   Internal Medicine Associates 11,558 3/31/2025
Loan 29 Lee Industries        
Property 29.01 Conover (HQ)   Lee Industries, LLC (Conover (HQ)) 172,600 5/31/2037
Property 29.02 Newton   Lee Industries, LLC (Newton Facility) 123,200 5/31/2037
Property 29.03 High Point Showroom   Lee Industries, LLC ( High Point Showroom) 31,700 5/31/2037
Loan 30 La Terraza Office Building   Trucept 5,000 11/3/2023
Loan 31 T-Mobile Meridian   T-Mobile PCS Holdings, LLC 77,484 6/30/2026
Loan 32 Marriott SpringHill Suites and Towneplace Suites   NAP NAP NAP
Loan 33 Chef’s Store Charleston   US Foods, Inc. DBA Chef’s Store 57,854 7/31/2031
Loan 34 Tennessee Retail Portfolio        
Property 34.01 Elk Crossing   United Grocery Outlet 20,000 2/29/2024
Property 34.02 Cumberland Crossing   Big Lots 32,306 1/31/2022
Loan 35 Sandhurst Apartments   NAP NAP NAP
Loan 36 Churchlight Portfolio         
Property 36.01 Lisa Lake   NAP  NAP NAP
Property 36.02 Grimms   NAP  NAP NAP
Property 36.03 Nelson Manor   NAP  NAP NAP

A-1-20 

 

             
             
Property     Ground Lease     Lease
Flag ID Property Name  Extension Terms (8)(11) Largest Tenant (13)(14) Sq. Ft. (14) Expiration  (13)(14)
Property 36.04 Hokes   NAP  NAP NAP
Property 36.05 Highspire Court   NAP  NAP NAP
Loan 37 Comfort Suites Phoenix Airport   NAP NAP NAP
Loan 38 7001 S Alameda   Interstate Steel Center Co. 144,253 12/31/2034
Loan 39 Princeton Estates Portfolio        
Property 39.01 Strata Estates Williston   NAP NAP NAP
Property 39.02 Strata Estates of Watford City   NAP NAP NAP
Loan 40 700 Acqua Apartments Phase III   NAP  NAP NAP
Loan 41 Grove Heights   Sola Salon Studios 5,748 10/31/2028
Loan 42 Brooklyn Condo Portfolio        
Property 42.01 Dumbo   Starbucks 1,621 9/30/2024
Property 42.02 Crown Heights   Apple Bank 4,296 1/31/2025
Loan 43 Planet Self Storage   NAP  NAP NAP
Loan 44 Dunlawton Shopping Center   First Watch 3,750 11/30/2028
Loan 45 Qwik Stor Self Storage   NAP NAP NAP
Loan 46 Menifee Storage   NAP  NAP NAP
Loan 47 Hesperia Shopping Center   Mojave River Academy 5,214 6/30/2025
Loan 48 Mini U Storage - Crowley   NAP  NAP NAP

A-1-21 

 

                     
                     
Property         Lease     Lease    
Flag ID Property Name 2nd Largest Tenant (12)(13) Sq. Ft.(12) Expiration (13) 3rd Largest Tenant (13)(15) Sq. Ft. (15) Expiration (13) 4th Largest Tenant (13)(15) Sq. Ft. (15)
Loan 1 GNL Office and Industrial Portfolio                   
Property 1.01 Quest Diagnostics, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.02 Encompass Health Corporation NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.03 AT&T Services, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.04 Up Central Leasing LLC NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.05 ComDoc, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.06 Stanley Convergent Security Solutions, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.07 EQT Gathering, LLC NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.08 Metal Technologies, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.09 Heatcraft Refrigeration Products, LLC NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.10 Hanes Companies, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.11 FedEx Ground Package System, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 1.12 Cummins, Inc. NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 2 Uline Arena RGN National Business Center 43,680 10/31/2033 Pact Inc. 39,137 4/30/2035 Davis Memorial Goodwill 23,968
Loan 3 Ocean Edge Resort & Golf Club NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 4 Inland Life Storage Portfolio                   
Property 4.01 Life Storage - 586 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.02 Life Storage - 145 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.03 Life Storage - 364 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.04 Life Storage - 365 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.05 Life Storage - 212 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.06 Life Storage - 386 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.07 Life Storage - 256 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.08 Life Storage - 206 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.09 Life Storage - 324 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.10 Life Storage - 236 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.11 Life Storage - 184 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.12 Life Storage - 500 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.13 Life Storage - 288 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.14 Life Storage - 299 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.15 Life Storage - 209 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.16 Life Storage - 035 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.17 Life Storage - 074 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.18 Life Storage - 252 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.19 Life Storage - 033 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.20 Life Storage - 205 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.21 Life Storage - 300 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.22 Life Storage - 026 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.23 Life Storage - 361 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.24 Life Storage - 165 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.25 Life Storage - 208 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.26 Life Storage - 211 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.27 Life Storage - 021 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.28 Life Storage - 298 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.29 Life Storage - 297 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.30 Life Storage - 153 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.31 Life Storage - 075 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 4.32 Life Storage - 152 NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 5 Bushwick Avenue Portfolio                
Property 5.01 340 Evergreen Avenue NAP NAP NAP NAP NAP NAP NAP NAP
Property 5.02 871 Bushwick Avenue NAP NAP NAP NAP NAP NAP NAP NAP
Property 5.03 889 Bushwick Avenue NAP NAP NAP NAP NAP NAP NAP NAP
Loan 6 Flamingo Pines Plaza USPS 18,800 7/31/2021 Goodwill 18,000 6/30/2027 Sunrise Medical Group 10,000
Loan 7 The Stanwix NAP NAP NAP NAP NAP NAP NAP NAP
Loan 8 Hilton Portfolio                
Property 8.01 Hampton Inn Bartonsville NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.02 Homewood Suites Leesburg NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.03 Hampton Inn Leesburg NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.04 Hampton Inn Faxon NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.05 Homewood Suites Ocala NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.06 Hampton Inn Williamsport NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.07 Hampton Inn Bermuda Run NAP NAP NAP NAP NAP NAP NAP NAP
Loan 9 Southbridge Park NAP NAP NAP NAP NAP NAP NAP NAP
Loan 10 Grand Canal Shoppes TAO 49,441 39,553 SF (1/31/2029); 8,800 SF (5/31/2029); 1,088 SF (1/31/2020) Regis Galerie 28,099 8,406 SF (12/31/2020); 4,654 SF (2/29/2020); 15,039 SF (5/31/2025) Grand Lux Café 19,100
Loan 11 Gemstone - Inland Portfolio                   
Property 11.01 Sunset Village NAP  NAP NAP NAP  NAP NAP NAP  NAP

A-1-22 

 

                     
                     
Property         Lease     Lease    
Flag ID Property Name 2nd Largest Tenant (12)(13) Sq. Ft.(12) Expiration (13) 3rd Largest Tenant (13)(15) Sq. Ft. (15) Expiration (13) 4th Largest Tenant (13)(15) Sq. Ft. (15)
Property 11.02 Suncoast NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 11.03 Tropic Breeze NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 11.04 Lakewood NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 11.05 Kozy NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 11.06 Capital NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 11.07 Try Mor NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 11.08 Sunny Acres NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 12 Woodlands Mall Dick’s Sporting Goods 83,075 1/31/2027 Barnes & Noble Bookseller 30,471 1/31/2020 Woodlands Financial Group 22,359
Loan 13 MI-SC Storage Portfolio                   
Property 13.01 Solo Storage - Dove Rd NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.02 Port Huron Self Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.03 Lapeer Self Storage - Demille NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.04 Marion Self Storage - White’s Mini Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.05 Fort Gratiot Self Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.06 Lapeer Self Storage - Luzi’s NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.07 Fort Knox - Lapeer NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.09 Marion Self Storage - All Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.10 Solo Storage - Howard St NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.11 Lapeer Self Storage - Evergreen NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.12 Lapeer Self Storage - Sam’s NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.13 Marysville Self Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.14 Saint Clair Self Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.15 Fort Knox - Imlay City NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 13.16 Lapeer Self Storage - Lock Tight NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 14 136-20 38th Avenue Long Island Business Institute 10,865 7/31/2031 NAP NAP NAP NAP NAP
Loan 15 Beverly Hills BMW NAP NAP NAP NAP NAP NAP NAP NAP
Loan 16 BWAY Facilities                
Property 16.01 BWAY Facilities Premises C NAP NAP NAP NAP NAP NAP NAP NAP
Property 16.02 BWAY Facilities Premises A & B NAP NAP NAP NAP NAP NAP NAP NAP
Loan 17 Metreon Pinnacle 4,100 8/1/2022 Tease Salon/Spa 3,568 1/31/2024 Sammy’s Woodfired Pizza 3,500
Loan 18 Capital at St. Charles NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 19 Corporate Park of Doral FirstSource Group USA, Inc. 17,388 8/31/2025 FL Department of Agriculture 11,290 9/30/2022 U.S. Army Recruiting 9,583
Loan 20 Sandpiper Midwest Portfolio                   
Property 20.01 WoodSpring Suites Columbus NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 20.02 WoodSpring Suites Fairfield NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 20.03 WoodSpring Suites Easton NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 20.04 WoodSpring Suites Fort Wayne NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 21 Liberty MA Portfolio                
Property 21.01 10-14 New Bond A. Schulman, Inc. 73,859 9/30/2020 Reed Machinery, Inc 25,242 12/31/2021 United Rentals 10,150
Property 21.02 151 West Boylston Commonwealth of Mass (Lottery) 17,400 1/22/2021 U.S Government (USDA Asian Beetle) 8,702 MTM NAP NAP
Property 21.03 8 New Bond NAP NAP NAP NAP NAP NAP NAP NAP
Loan 22 The Centre NAP NAP NAP NAP NAP NAP NAP NAP
Loan 23 University Station Sarasota Banfield Pet Hospital 3,000 11/30/2027 Great Expressions 3,000 10/31/2027 Zoe’s Kitchen 2,800
Loan 24 River Valley Shopping Center Skechers 15,027 3/31/2022 David’s Bridal 10,400 11/30/2023 Lakeshore Learning Materials 7,500
Loan 25 265 Davidson Avenue Labvantage Solutions 14,848 2/7/2024 Rosenberg, Rich, Baker, Berman & Co. 12,803 4/30/2020 Thermo Fisher Scientific 11,998
Loan 26 106 N Grove & 25 N Harrison                
Property 26.01 106 N Grove NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.02 25 N Harrison NAP NAP NAP NAP NAP NAP NAP NAP
Loan 27 My Self Storage Space - Brea NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 28 Aero Office Park San Diego Diagnostic Radiology 8,713 3/31/2022 New Alternatives, Inc. 7,903 Various Milestone Pediatric Therapy 7,269
Loan 29 Lee Industries                
Property 29.01 Conover (HQ) NAP NAP NAP NAP NAP NAP NAP NAP
Property 29.02 Newton NAP NAP NAP NAP NAP NAP NAP NAP
Property 29.03 High Point Showroom NAP NAP NAP NAP NAP NAP NAP NAP
Loan 30 La Terraza Office Building Afinida, Inc. 5,000 1/31/2023 Ally Investments, Inc. 4,769 10/31/2027 Synergy O, Inc. 4,550
Loan 31 T-Mobile Meridian NAP NAP NAP NAP NAP NAP NAP NAP
Loan 32 Marriott SpringHill Suites and Towneplace Suites NAP NAP NAP NAP NAP NAP NAP NAP
Loan 33 Chef’s Store Charleston NAP NAP NAP NAP NAP NAP NAP NAP
Loan 34 Tennessee Retail Portfolio                
Property 34.01 Elk Crossing W.S. Badcock 18,000 9/30/2022 Workout Anytime 11,700 10/31/2029 Auto Zone 10,069
Property 34.02 Cumberland Crossing Goody’s 19,500 1/31/2021 Petsense 5,200 3/31/2027 Hibbett Sporting Goods 4,796
Loan 35 Sandhurst Apartments NAP NAP NAP NAP NAP NAP NAP NAP
Loan 36 Churchlight Portfolio                   
Property 36.01 Lisa Lake NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 36.02 Grimms NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 36.03 Nelson Manor NAP  NAP NAP NAP  NAP NAP NAP  NAP

A-1-23 

 

                     
                     
Property         Lease     Lease    
Flag ID Property Name 2nd Largest Tenant (12)(13) Sq. Ft.(12) Expiration (13) 3rd Largest Tenant (13)(15) Sq. Ft. (15) Expiration (13) 4th Largest Tenant (13)(15) Sq. Ft. (15)
Property 36.04 Hokes NAP  NAP NAP NAP  NAP NAP NAP  NAP
Property 36.05 Highspire Court NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 37 Comfort Suites Phoenix Airport NAP NAP NAP NAP NAP NAP NAP NAP
Loan 38 7001 S Alameda NAP NAP NAP NAP NAP NAP NAP NAP
Loan 39 Princeton Estates Portfolio                
Property 39.01 Strata Estates Williston NAP NAP NAP NAP NAP NAP NAP NAP
Property 39.02 Strata Estates of Watford City NAP NAP NAP NAP NAP NAP NAP NAP
Loan 40 700 Acqua Apartments Phase III NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 41 Grove Heights iLoveKickboxing 2,595 11/30/2022 Kojak’s Fine Foods 2,337 9/30/2023 Fairway Chiropratic 1,500
Loan 42 Brooklyn Condo Portfolio                
Property 42.01 Dumbo League Treatment Center 980 11/7/2019 NAP NAP NAP NAP NAP
Property 42.02 Crown Heights NAP NAP NAP NAP NAP NAP NAP NAP
Loan 43 Planet Self Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 44 Dunlawton Shopping Center Pacific Dental 3,000 12/31/2028 The Original Mattress 2,000 6/30/2026 Firehouse Subs 1,500
Loan 45 Qwik Stor Self Storage NAP NAP NAP NAP NAP NAP NAP NAP
Loan 46 Menifee Storage NAP  NAP NAP NAP  NAP NAP NAP  NAP
Loan 47 Hesperia Shopping Center Louisiana Cajun Restaurant 2,607 9/30/2022 CareMore Health System 2,607 9/30/2021 Maple Dental 1,468
Loan 48 Mini U Storage - Crowley NAP  NAP NAP NAP  NAP NAP NAP  NAP

A-1-24 

 

                     
                  Upfront Monthly
Property     Lease     Lease   Occupancy Replacement Replacement
Flag ID Property Name Expiration (13) 5th Largest Tenant(13) Sq. Ft. Expiration (13) Occupancy (26) As-of Date (26) Reserves($) Reserves ($) (17)(19)
Loan 1 GNL Office and Industrial Portfolio          100.0% 10/1/2019   Springing
Property 1.01 Quest Diagnostics, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.02 Encompass Health Corporation NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.03 AT&T Services, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.04 Up Central Leasing LLC NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.05 ComDoc, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.06 Stanley Convergent Security Solutions, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.07 EQT Gathering, LLC NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.08 Metal Technologies, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.09 Heatcraft Refrigeration Products, LLC NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.10 Hanes Companies, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.11 FedEx Ground Package System, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Property 1.12 Cummins, Inc. NAP NAP  NAP NAP 100.0% 10/1/2019    
Loan 2 Uline Arena 7/31/2035 Antunovich Associates 10,353 9/30/2029 92.1% 7/26/2019   2,070
Loan 3 Ocean Edge Resort & Golf Club NAP NAP  NAP NAP 41.5% 6/30/2019 1,450,357 112,542
Loan 4 Inland Life Storage Portfolio          91.2% 6/5/2019 424,056 Springing
Property 4.01 Life Storage - 586 NAP NAP  NAP NAP 93.2% 6/5/2019    
Property 4.02 Life Storage - 145 NAP NAP  NAP NAP 91.9% 6/5/2019    
Property 4.03 Life Storage - 364 NAP NAP  NAP NAP 91.7% 6/5/2019    
Property 4.04 Life Storage - 365 NAP NAP  NAP NAP 95.7% 6/5/2019    
Property 4.05 Life Storage - 212 NAP NAP  NAP NAP 90.6% 6/5/2019    
Property 4.06 Life Storage - 386 NAP NAP  NAP NAP 90.5% 6/5/2019    
Property 4.07 Life Storage - 256 NAP NAP  NAP NAP 94.3% 6/5/2019    
Property 4.08 Life Storage - 206 NAP NAP  NAP NAP 92.7% 6/5/2019    
Property 4.09 Life Storage - 324 NAP NAP  NAP NAP 93.8% 6/5/2019    
Property 4.10 Life Storage - 236 NAP NAP  NAP NAP 86.3% 6/5/2019    
Property 4.11 Life Storage - 184 NAP NAP  NAP NAP 91.0% 6/5/2019    
Property 4.12 Life Storage - 500 NAP NAP  NAP NAP 93.5% 6/5/2019    
Property 4.13 Life Storage - 288 NAP NAP  NAP NAP 89.9% 6/5/2019    
Property 4.14 Life Storage - 299 NAP NAP  NAP NAP 91.2% 6/5/2019    
Property 4.15 Life Storage - 209 NAP NAP  NAP NAP 92.3% 6/5/2019    
Property 4.16 Life Storage - 035 NAP NAP  NAP NAP 90.8% 6/5/2019    
Property 4.17 Life Storage - 074 NAP NAP  NAP NAP 88.9% 6/5/2019    
Property 4.18 Life Storage - 252 NAP NAP  NAP NAP 90.8% 6/5/2019    
Property 4.19 Life Storage - 033 NAP NAP  NAP NAP 92.4% 6/5/2019    
Property 4.20 Life Storage - 205 NAP NAP  NAP NAP 85.0% 6/5/2019    
Property 4.21 Life Storage - 300 NAP NAP  NAP NAP 90.1% 6/5/2019    
Property 4.22 Life Storage - 026 NAP NAP  NAP NAP 92.5% 6/5/2019    
Property 4.23 Life Storage - 361 NAP NAP  NAP NAP 92.5% 6/5/2019    
Property 4.24 Life Storage - 165 NAP NAP  NAP NAP 94.7% 6/5/2019    
Property 4.25 Life Storage - 208 NAP NAP  NAP NAP 90.3% 6/5/2019    
Property 4.26 Life Storage - 211 NAP NAP  NAP NAP 91.6% 6/5/2019    
Property 4.27 Life Storage - 021 NAP NAP  NAP NAP 85.2% 6/5/2019    
Property 4.28 Life Storage - 298 NAP NAP  NAP NAP 92.7% 6/5/2019    
Property 4.29 Life Storage - 297 NAP NAP  NAP NAP 93.0% 6/5/2019    
Property 4.30 Life Storage - 153 NAP NAP  NAP NAP 85.7% 6/5/2019    
Property 4.31 Life Storage - 075 NAP NAP  NAP NAP 83.1% 6/5/2019    
Property 4.32 Life Storage - 152 NAP NAP  NAP NAP 89.4% 6/5/2019    
Loan 5 Bushwick Avenue Portfolio         94.6% Various   3,717
Property 5.01 340 Evergreen Avenue NAP NAP NAP NAP 89.3% 8/2/2019    
Property 5.02 871 Bushwick Avenue NAP NAP NAP NAP 100.0% 9/6/2019    
Property 5.03 889 Bushwick Avenue NAP NAP NAP NAP 96.3% 8/2/2019    
Loan 6 Flamingo Pines Plaza 10/30/2023 Open Valley Academy 6,300 3/31/2023 96.8% 4/11/2019 2,337 2,337
Loan 7 The Stanwix NAP NAP NAP NAP 69.9% 8/9/2019 100,000 Springing
Loan 8 Hilton Portfolio         76.4% 6/30/2019   1/12 of an amount equal to (i) 4% of the annual Gross Revenue for the Portfolio for first 33 months and (ii) 5% of the annual Gross Revenue for the Portfolio thereafter.
Property 8.01 Hampton Inn Bartonsville NAP NAP NAP NAP 81.5% 6/30/2019    
Property 8.02 Homewood Suites Leesburg NAP NAP NAP NAP 76.4% 6/30/2019    
Property 8.03 Hampton Inn Leesburg NAP NAP NAP NAP 75.2% 6/30/2019    
Property 8.04 Hampton Inn Faxon NAP NAP NAP NAP 77.2% 6/30/2019    
Property 8.05 Homewood Suites Ocala NAP NAP NAP NAP 83.1% 6/30/2019    
Property 8.06 Hampton Inn Williamsport NAP NAP NAP NAP 70.4% 6/30/2019    
Property 8.07 Hampton Inn Bermuda Run NAP NAP NAP NAP 70.2% 6/30/2019    
Loan 9 Southbridge Park NAP NAP NAP NAP NAP NAP    
Loan 10 Grand Canal Shoppes 12/31/2029 Mercato Della Pescheria 16,479 11/30/2025 94.0% 5/31/2019   Springing
Loan 11 Gemstone - Inland Portfolio          95.5% Various   Springing
Property 11.01 Sunset Village NAP NAP  NAP NAP 99.2% 3/31/2019    

A-1-25 

 

                     
                  Upfront Monthly
Property     Lease     Lease   Occupancy Replacement Replacement
Flag ID Property Name Expiration (13) 5th Largest Tenant(13) Sq. Ft. Expiration (13) Occupancy (26) As-of Date (26) Reserves($) Reserves ($) (17)(19)
Property 11.02 Suncoast NAP NAP  NAP NAP 87.1% 3/27/2019    
Property 11.03 Tropic Breeze NAP NAP  NAP NAP 93.4% 3/31/2019    
Property 11.04 Lakewood NAP NAP  NAP NAP 90.6% 3/31/2019    
Property 11.05 Kozy NAP NAP  NAP NAP 100.0% 3/31/2019    
Property 11.06 Capital NAP NAP  NAP NAP 98.9% 3/31/2019    
Property 11.07 Try Mor NAP NAP  NAP NAP 100.0% 3/31/2019    
Property 11.08 Sunny Acres NAP NAP  NAP NAP 98.5% 3/31/2019    
Loan 12 Woodlands Mall 3/31/2027 Macy’s Children’s 17,161 1/31/2022 95.8% 5/28/2019   Springing
Loan 13 MI-SC Storage Portfolio          93.2% Various 12,143 12,143
Property 13.01 Solo Storage - Dove Rd NAP NAP  NAP NAP 88.9% 7/28/2019    
Property 13.02 Port Huron Self Storage NAP NAP  NAP NAP 98.6% 7/28/2019    
Property 13.03 Lapeer Self Storage - Demille NAP NAP  NAP NAP 91.7% 7/28/2019    
Property 13.04 Marion Self Storage - White’s Mini Storage NAP NAP  NAP NAP 90.6% 7/28/2019    
Property 13.05 Fort Gratiot Self Storage NAP NAP  NAP NAP 97.9% 7/28/2019    
Property 13.06 Lapeer Self Storage - Luzi’s NAP NAP  NAP NAP 90.1% 7/28/2019    
Property 13.07 Fort Knox - Lapeer NAP NAP  NAP NAP 98.9% 8/1/2019    
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage NAP NAP  NAP NAP 93.9% 7/28/2019    
Property 13.09 Marion Self Storage - All Storage NAP NAP  NAP NAP 96.6% 7/28/2019    
Property 13.10 Solo Storage - Howard St NAP NAP  NAP NAP 79.4% 7/28/2019    
Property 13.11 Lapeer Self Storage - Evergreen NAP NAP  NAP NAP 98.6% 7/28/2019    
Property 13.12 Lapeer Self Storage - Sam’s NAP NAP  NAP NAP 86.2% 7/28/2019    
Property 13.13 Marysville Self Storage NAP NAP  NAP NAP 87.0% 7/28/2019    
Property 13.14 Saint Clair Self Storage NAP NAP  NAP NAP 95.8% 7/28/2019    
Property 13.15 Fort Knox - Imlay City NAP NAP  NAP NAP 98.3% 8/1/2019    
Property 13.16 Lapeer Self Storage - Lock Tight NAP NAP  NAP NAP 97.4% 7/28/2019    
Loan 14 136-20 38th Avenue NAP NAP NAP NAP 100.0% 7/26/2019   392
Loan 15 Beverly Hills BMW NAP NAP NAP NAP 100.0% 10/6/2019   Springing
Loan 16 BWAY Facilities         100.0% 8/1/2019   Springing
Property 16.01 BWAY Facilities Premises C NAP NAP NAP NAP 100.0% 8/1/2019    
Property 16.02 BWAY Facilities Premises A & B NAP NAP NAP NAP 100.0% 8/1/2019    
Loan 17 Metreon 2/29/2024 FedEx Kinkos 3,337 9/30/2023 100.0% 6/10/2019 1,269 1,269
Loan 18 Capital at St. Charles NAP NAP  NAP NAP 97.2% 6/20/2019 5,229 5,229
Loan 19 Corporate Park of Doral 9/30/2024 Southeast Homecare, LLC 7,372 8/31/2024 87.3% 8/30/2019   Springing
Loan 20 Sandpiper Midwest Portfolio          76.4% 5/31/2019 21,291 21,291
Property 20.01 WoodSpring Suites Columbus NAP NAP  NAP NAP 78.7% 5/31/2019    
Property 20.02 WoodSpring Suites Fairfield NAP NAP  NAP NAP 78.6% 5/31/2019    
Property 20.03 WoodSpring Suites Easton NAP NAP  NAP NAP 74.6% 5/31/2019    
Property 20.04 WoodSpring Suites Fort Wayne NAP NAP  NAP NAP 73.9% 5/31/2019    
Loan 21 Liberty MA Portfolio         86.1% 6/20/2019 100,000 Springing
Property 21.01 10-14 New Bond 2/28/2027 NAP NAP NAP 81.9% 6/20/2019    
Property 21.02 151 West Boylston NAP NAP NAP NAP 100.0% 6/20/2019    
Property 21.03 8 New Bond NAP NAP NAP NAP 100.0% 6/20/2019    
Loan 22 The Centre NAP NAP NAP NAP 89.5% 6/24/2019   6,542
Loan 23 University Station Sarasota 9/30/2027 Lavish Nail Lounge 1,200 9/30/2027 96.1% 7/31/2019   672
Loan 24 River Valley Shopping Center 7/31/2020 Jason’s Deli 4,533 6/30/2020 95.0% 7/8/2019   1,815
Loan 25 265 Davidson Avenue 5/31/2024 Intelligrated Systems 11,496 6/30/2020 96.5% 7/15/2019   3,268
Loan 26 106 N Grove & 25 N Harrison         95.3% 7/1/2019   3,208
Property 26.01 106 N Grove NAP NAP NAP NAP 94.5% 7/1/2019    
Property 26.02 25 N Harrison NAP NAP NAP NAP 96.3% 7/1/2019    
Loan 27 My Self Storage Space - Brea NAP NAP  NAP NAP 94.5% 5/31/2019 822 822
Loan 28 Aero Office Park 5/31/2024 4Liberty Inc. 4,576 2/28/2022 98.6% 6/14/2019   Springing
Loan 29 Lee Industries         100.0% 8/15/2019   Springing
Property 29.01 Conover (HQ) NAP NAP NAP NAP 100.0% 8/15/2019    
Property 29.02 Newton NAP NAP NAP NAP 100.0% 8/15/2019    
Property 29.03 High Point Showroom NAP NAP NAP NAP 100.0% 8/15/2019    
Loan 30 La Terraza Office Building 11/30/2028 Manhattan Investment Bank 3,710 6/30/2027 100.0% 7/1/2019   670
Loan 31 T-Mobile Meridian NAP NAP NAP NAP 100.0% 9/6/2019   1,139
Loan 32 Marriott SpringHill Suites and Towneplace Suites NAP NAP NAP NAP 76.1% 3/31/2019   1/12 of an amount equal to 4% of the annual Gross Revenue
Loan 33 Chef’s Store Charleston NAP NAP NAP NAP 100.0% 8/1/2019    
Loan 34 Tennessee Retail Portfolio         87.8% 7/1/2019   3,560
Property 34.01 Elk Crossing 4/30/2028 Aaron’s 7,200 11/30/2022 80.4% 7/1/2019    
Property 34.02 Cumberland Crossing 7/31/2021 Eastlake Urgent Care 2,400 7/31/2020 100.0% 7/1/2019    
Loan 35 Sandhurst Apartments NAP NAP NAP NAP 96.6% 7/31/2019    
Loan 36 Churchlight Portfolio          96.8% 3/31/2019 917 917
Property 36.01 Lisa Lake NAP NAP  NAP NAP 98.3% 3/31/2019    
Property 36.02 Grimms NAP NAP  NAP NAP 100.0% 3/31/2019    
Property 36.03 Nelson Manor NAP NAP  NAP NAP 90.6% 3/31/2019    

A-1-26 

 

                     
                  Upfront Monthly
Property     Lease     Lease   Occupancy Replacement Replacement
Flag ID Property Name Expiration (13) 5th Largest Tenant(13) Sq. Ft. Expiration (13) Occupancy (26) As-of Date (26) Reserves($) Reserves ($) (17)(19)
Property 36.04 Hokes NAP NAP  NAP NAP 96.3% 3/31/2019    
Property 36.05 Highspire Court NAP NAP  NAP NAP 96.8% 3/31/2019    
Loan 37 Comfort Suites Phoenix Airport NAP NAP NAP NAP 65.2% 6/30/2019   1/12 of an amount equal to (i) 2% of the annual Gross Revenue for the Property for years one and two, (ii) 3% of the annual Gross Revenue for the Property for year three and (iii) 4% of the annual Gross Revenue for the Property therafter
Loan 38 7001 S Alameda NAP NAP NAP NAP 100.0% 8/31/2019   Springing
Loan 39 Princeton Estates Portfolio         97.0% 9/3/2019   3,939
Property 39.01 Strata Estates Williston NAP NAP NAP NAP 96.8% 9/3/2019    
Property 39.02 Strata Estates of Watford City NAP NAP NAP NAP 97.2% 9/3/2019    
Loan 40 700 Acqua Apartments Phase III NAP NAP  NAP NAP 95.8% 6/30/2019 1,000 1,000
Loan 41 Grove Heights 3/31/2023 Bargain Food Store 1,500 2/28/2020 100.0% 7/29/2019   317
Loan 42 Brooklyn Condo Portfolio         100.0% 8/29/2019   115
Property 42.01 Dumbo NAP NAP NAP NAP 100.0% 8/29/2019    
Property 42.02 Crown Heights NAP NAP NAP NAP 100.0% 8/29/2019    
Loan 43 Planet Self Storage NAP NAP  NAP NAP 80.6% 4/11/2019 586 586
Loan 44 Dunlawton Shopping Center 2/28/2029 NAP NAP NAP 100.0% 7/1/2019   171
Loan 45 Qwik Stor Self Storage NAP NAP NAP NAP 92.7% 8/29/2019   684
Loan 46 Menifee Storage NAP NAP  NAP NAP 93.6% 6/6/2019 577 577
Loan 47 Hesperia Shopping Center 4/30/2024 La Michoacana 1,468 5/31/2023 100.0% 6/17/2019   460
Loan 48 Mini U Storage - Crowley NAP NAP  NAP NAP 93.1% 6/30/2019 645 645

A-1-27 

 

                         
      Upfront Monthly Upfront Monthly Upfront Monthly Upfront Upfront Monthly Other
Property     TI/LC TI/LC Tax Tax Insurance Insurance Engineering Other Other Reserves
Flag ID Property Name Reserves ($) Reserves ($)(19) Reserves ($) Reserves ($) Reserves($) Reserves ($) Reserve($) Reserves ($)(16)(20) Reserves ($)(18)(20) Description (16)(18)(20)
Loan 1 GNL Office and Industrial Portfolio   Springing   Springing    Springing 320,700   Springing Major Tenant Reserve
Property 1.01 Quest Diagnostics, Inc.                     
Property 1.02 Encompass Health Corporation                     
Property 1.03 AT&T Services, Inc.                     
Property 1.04 Up Central Leasing LLC                     
Property 1.05 ComDoc, Inc.                     
Property 1.06 Stanley Convergent Security Solutions, Inc.                     
Property 1.07 EQT Gathering, LLC                     
Property 1.08 Metal Technologies, Inc.                     
Property 1.09 Heatcraft Refrigeration Products, LLC                     
Property 1.10 Hanes Companies, Inc.                     
Property 1.11 FedEx Ground Package System, Inc.                     
Property 1.12 Cummins, Inc.                     
Loan 2 Uline Arena   20,698 1,215,000 202,500   Springing   22,995,169 Springing Major Tenant Cash Trap Reserve (Monthly Springing: Excess Cash Flow); Free Rent Reserve ($3,300,274); PACT Gap Rent Reserve ($1,533,592); Why Hotel Gap Rent Reserve ($56,708); PACT Additional Gap Rent Reserve (Upfront: $191,699, Monthly: Springing); PACT Free Rent Reserve ($4,156,468); PACT Mezzanine Space Reserve ($1,000,000); PACT Post-Delivery Work Item Reserve ($225,000); Occupancy Reserve ($3,800,000); Why Hotel Free Rent Reserve ($86,497); Why Hotel Landlord Work Reserve ($415,183); Initial TI/LC ($8,229,748)
Loan 3 Ocean Edge Resort & Golf Club     246,722 41,120 87,058 43,529   2,650,000 Springing Seasonality Reserve (Upfront: 2,650,000; Monthly: Springing)
Loan 4 Inland Life Storage Portfolio       Springing    Springing        
Property 4.01 Life Storage - 586                     
Property 4.02 Life Storage - 145                     
Property 4.03 Life Storage - 364                     
Property 4.04 Life Storage - 365                     
Property 4.05 Life Storage - 212                     
Property 4.06 Life Storage - 386                     
Property 4.07 Life Storage - 256                     
Property 4.08 Life Storage - 206                     
Property 4.09 Life Storage - 324                     
Property 4.10 Life Storage - 236                     
Property 4.11 Life Storage - 184                     
Property 4.12 Life Storage - 500                     
Property 4.13 Life Storage - 288                     
Property 4.14 Life Storage - 299                     
Property 4.15 Life Storage - 209                     
Property 4.16 Life Storage - 035                     
Property 4.17 Life Storage - 074                     
Property 4.18 Life Storage - 252                     
Property 4.19 Life Storage - 033                     
Property 4.20 Life Storage - 205                     
Property 4.21 Life Storage - 300                     
Property 4.22 Life Storage - 026                     
Property 4.23 Life Storage - 361                     
Property 4.24 Life Storage - 165                     
Property 4.25 Life Storage - 208                     
Property 4.26 Life Storage - 211                     
Property 4.27 Life Storage - 021                     
Property 4.28 Life Storage - 298                     
Property 4.29 Life Storage - 297                     
Property 4.30 Life Storage - 153                     
Property 4.31 Life Storage - 075                     
Property 4.32 Life Storage - 152                     
Loan 5 Bushwick Avenue Portfolio     437,001 145,667 56,977 8,719        
Property 5.01 340 Evergreen Avenue                    
Property 5.02 871 Bushwick Avenue                    
Property 5.03 889 Bushwick Avenue                    
Loan 6 Flamingo Pines Plaza 1,000,000 Springing 457,518 50,835 15,736 7,868        
Loan 7 The Stanwix     57,000 19,000 41,850 4,650   3,900,000   Retail Holdback Reserve ($3,150,000); Affordable Unit Holdback Reserve ($750,000)
Loan 8 Hilton Portfolio     393,717 80,974 37,612 7,522     Springing PIP Reserve ($1mm LOC); The borrower provided a letter of credit of $1.0 million at closing.  They are required to post an additional LOC of $1.0 million prior to month 13 of the Loan term and another LOC of $500,000 prior to month 25 of the Loan term.
Property 8.01 Hampton Inn Bartonsville                    
Property 8.02 Homewood Suites Leesburg                    
Property 8.03 Hampton Inn Leesburg                    
Property 8.04 Hampton Inn Faxon                    
Property 8.05 Homewood Suites Ocala                    
Property 8.06 Hampton Inn Williamsport                    
Property 8.07 Hampton Inn Bermuda Run                    
Loan 9 Southbridge Park       Springing   Springing        
Loan 10 Grand Canal Shoppes 12,309,694 Springing   Springing   Springing   1,218,246 Springing Ground Rent (Monthly: Springing); Gap Rent ($1,218,246)
Loan 11 Gemstone - Inland Portfolio       Springing    Springing     Springing Immediate Repairs Reserve
Property 11.01 Sunset Village                     

A-1-28 

 

                         
      Upfront Monthly Upfront Monthly Upfront Monthly Upfront Upfront Monthly Other
Property     TI/LC TI/LC Tax Tax Insurance Insurance Engineering Other Other Reserves
Flag ID Property Name Reserves ($) Reserves ($)(19) Reserves ($) Reserves ($) Reserves($) Reserves ($) Reserve($) Reserves ($)(16)(20) Reserves ($)(18)(20) Description (16)(18)(20)
Property 11.02 Suncoast                     
Property 11.03 Tropic Breeze                     
Property 11.04 Lakewood                     
Property 11.05 Kozy                     
Property 11.06 Capital                     
Property 11.07 Try Mor                     
Property 11.08 Sunny Acres                     
Loan 12 Woodlands Mall   Springing   Springing   Springing   2,174,886 Springing Tenant Improvement Reserve ($2,174,886); Major Anchor Sweep Reserve Funds (Monthly Springing: Excess Cash Flow)
Loan 13 MI-SC Storage Portfolio     61,137 14,881    Springing 717,375      
Property 13.01 Solo Storage - Dove Rd                     
Property 13.02 Port Huron Self Storage                     
Property 13.03 Lapeer Self Storage - Demille                     
Property 13.04 Marion Self Storage - White’s Mini Storage                     
Property 13.05 Fort Gratiot Self Storage                     
Property 13.06 Lapeer Self Storage - Luzi’s                     
Property 13.07 Fort Knox - Lapeer                     
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage                     
Property 13.09 Marion Self Storage - All Storage                     
Property 13.10 Solo Storage - Howard St                     
Property 13.11 Lapeer Self Storage - Evergreen                     
Property 13.12 Lapeer Self Storage - Sam’s                     
Property 13.13 Marysville Self Storage                     
Property 13.14 Saint Clair Self Storage                     
Property 13.15 Fort Knox - Imlay City                     
Property 13.16 Lapeer Self Storage - Lock Tight                     
Loan 14 136-20 38th Avenue   2,449 11,510 5,755 8,485 4,243     Springing Major Tenant Reserve
Loan 15 Beverly Hills BMW   Springing 1,534,640 6,581   Springing   500,000 Springing Debt Service Reserve ($500,000); Lease Sweep Reserve (Monthly: Springing)
Loan 16 BWAY Facilities   Springing   Springing   Springing        
Property 16.01 BWAY Facilities Premises C                    
Property 16.02 BWAY Facilities Premises A & B                    
Loan 17 Metreon 200,000 10,035 19,068 6,356 20,342 1,849        
Loan 18 Capital at St. Charles     116,911 14,614 48,931 8,155        
Loan 19 Corporate Park of Doral   Springing 364,749 30,396 148,418 21,203     Springing Major Tenant Reserve
Loan 20 Sandpiper Midwest Portfolio     134,495 45,644    Springing     Springing Future PIP Renovations Reserve
Property 20.01 WoodSpring Suites Columbus                     
Property 20.02 WoodSpring Suites Fairfield                     
Property 20.03 WoodSpring Suites Easton                     
Property 20.04 WoodSpring Suites Fort Wayne                     
Loan 21 Liberty MA Portfolio 500,000 22,529 50,850 50,850 78,799 16,935 64,125   Springing A. Shulman Reserve (Monthly Springing: Excess Cash Flow); Central MA Special Ed. Reserve (Monthly Springing: Excess Cash Flow)
Property 21.01 10-14 New Bond                    
Property 21.02 151 West Boylston                    
Property 21.03 8 New Bond                    
Loan 22 The Centre     281,065 Springing   Springing   386,048 Springing Unfunded Obligations Reserve ($363,548); Condo Assessment Reserve (Monthly: Springing; Upfront:$22,500)
Loan 23 University Station Sarasota 31,170 2,239 190,899 19,090   Springing     Springing Lease Sweep Reserve (Monthly: Springing)
Loan 24 River Valley Shopping Center   4,167 246,139 30,767 26,787 2,976   104,000   David’s Bridal Outstanding TI Reseve
Loan 25 265 Davidson Avenue   14,855 53,765 26,882 9,021 4,510   364,272 Springing Thermo Fisher Lease TI Funds ($179,970.00); Labvantage Lease TI Funds ($74,240.00); Free Rent Reserve ($110,062.32); Major Tenant Rollover Reserve (Springing)
Loan 26 106 N Grove & 25 N Harrison     62,500 31,250 26,219 6,188 217,920      
Property 26.01 106 N Grove                    
Property 26.02 25 N Harrison                    
Loan 27 My Self Storage Space - Brea     69,300 9,900    Springing        
Loan 28 Aero Office Park   Springing 102,524 17,087 4,804 2,402        
Loan 29 Lee Industries   Springing   Springing   Springing     Springing DSCR Cash Management Reserve
Property 29.01 Conover (HQ)                    
Property 29.02 Newton                    
Property 29.03 High Point Showroom                    
Loan 30 La Terraza Office Building 250,000 $17,933 for yr. 1; $3,350 thereafter 62,346 8,907 12,853 1,168 13,125      
Loan 31 T-Mobile Meridian       Springing 13,186 1,465   427,761   Outstanding TI Funds
Loan 32 Marriott SpringHill Suites and Towneplace Suites     44,914 14,971 62,064 6,206        
Loan 33 Chef’s Store Charleston   Springing   Springing 2,318 1,733     Springing Key Tenant Rollover Reserve (Monthly Springing: Excess Cash Flow)
Loan 34 Tennessee Retail Portfolio   14,583 82,635 8,264 12,472 2,494 71,599 137,537 Springing Parking Lot Reserve ($106,260.00); Rent Concession Reserve ($31,276.64); Major Tenant Reserve Funds (Springing); Trigger Avoidance Deposit Funds (Springing)
Property 34.01 Elk Crossing                    
Property 34.02 Cumberland Crossing                    
Loan 35 Sandhurst Apartments     149,744 26,692 87,140 6,703        
Loan 36 Churchlight Portfolio     55,406 4,617 2,609 1,304        
Property 36.01 Lisa Lake                     
Property 36.02 Grimms                     
Property 36.03 Nelson Manor                     

A-1-29 

 

                         
      Upfront Monthly Upfront Monthly Upfront Monthly Upfront Upfront Monthly Other
Property     TI/LC TI/LC Tax Tax Insurance Insurance Engineering Other Other Reserves
Flag ID Property Name Reserves ($) Reserves ($)(19) Reserves ($) Reserves ($) Reserves($) Reserves ($) Reserve($) Reserves ($)(16)(20) Reserves ($)(18)(20) Description (16)(18)(20)
Property 36.04 Hokes                     
Property 36.05 Highspire Court                     
Loan 37 Comfort Suites Phoenix Airport     6,148 6,148 9,000 1,217   820,424 Springing PIP Reserve; Seasonality Reserve Funds: $62,500.00 on each of the Monthly Payment Dates occurring in March and April
Loan 38 7001 S Alameda   Springing 60,000 6,667 2,103 671 8,750   Springing Key Tenant Rollover Reserve
Loan 39 Princeton Estates Portfolio     7,764 7,764 27,104 2,085        
Property 39.01 Strata Estates Williston                    
Property 39.02 Strata Estates of Watford City                    
Loan 40 700 Acqua Apartments Phase III     68,886 7,654    Springing        
Loan 41 Grove Heights   1,667 27,392 3,044 5,547 1,849        
Loan 42 Brooklyn Condo Portfolio   776 2,717 2,717 2,074 510   219,450   The League Treatment Center Holdback
Property 42.01 Dumbo                    
Property 42.02 Crown Heights                    
Loan 43 Planet Self Storage     11,059 4,924 17,244 1,568 43,644      
Loan 44 Dunlawton Shopping Center   854 37,128 3,375 4,346 869        
Loan 45 Qwik Stor Self Storage     27,917 5,583 8,540 1,708        
Loan 46 Menifee Storage     23,762 3,395 467 467        
Loan 47 Hesperia Shopping Center   $5,464.42 up to and including September 2021; $1,644.33 thereafter 25,472 4,245 877 439 20,625      
Loan 48 Mini U Storage - Crowley     84,689 9,410 5,450 908        

A-1-30 

 

                 
      Environmental          
Property     Report Engineering Date of PML / Loan  
Flag ID Property Name Date (3)(21)(22) Report Date Seismic Report SEL (%) Purpose Sponsor
Loan 1 GNL Office and Industrial Portfolio Various Various Various Various Refinance Global Net Lease Operating Partnership, L.P.
Property 1.01 Quest Diagnostics, Inc. 8/5/2019 8/5/2019 11/13/2014 14.0%    
Property 1.02 Encompass Health Corporation 6/4/2019 6/4/2019 NAP NAP    
Property 1.03 AT&T Services, Inc. 8/2/2019 8/2/2019 NAP NAP    
Property 1.04 Up Central Leasing LLC 4/26/2019 4/26/2019 NAP NAP    
Property 1.05 ComDoc, Inc. 5/20/2019 5/21/2019 NAP NAP    
Property 1.06 Stanley Convergent Security Solutions, Inc. 3/11/2019 3/8/2019 NAP NAP    
Property 1.07 EQT Gathering, LLC 4/1/2019 4/2/2019 NAP NAP    
Property 1.08 Metal Technologies, Inc. 5/13/2019 5/13/2019 NAP NAP    
Property 1.09 Heatcraft Refrigeration Products, LLC 5/24/2019 5/24/2019 NAP NAP    
Property 1.10 Hanes Companies, Inc. 4/4/2019 4/5/2019 NAP NAP    
Property 1.11 FedEx Ground Package System, Inc. 8/2/2019 8/2/2019 NAP NAP    
Property 1.12 Cummins, Inc. 12/21/2018 12/21/2018 NAP NAP    
Loan 2 Uline Arena 7/24/2019 7/24/2019 NAP NAP Refinance Norman Jemal
Loan 3 Ocean Edge Resort & Golf Club 7/22/2019 7/22/2019 NAP NAP Refinance Corcoran Jennison Company, Inc.
Loan 4 Inland Life Storage Portfolio Various Various NAP NAP Acquisition Inland Private Capital Corporation
Property 4.01 Life Storage - 586 3/26/2019 6/13/2019 NAP NAP    
Property 4.02 Life Storage - 145 3/26/2019 6/14/2019 NAP NAP    
Property 4.03 Life Storage - 364 3/25/2019 6/12/2019 NAP NAP    
Property 4.04 Life Storage - 365 3/22/2019 6/13/2019 NAP NAP    
Property 4.05 Life Storage - 212 3/26/2019 6/17/2019 NAP NAP    
Property 4.06 Life Storage - 386 3/26/2019 6/17/2019 NAP NAP    
Property 4.07 Life Storage - 256 3/25/2019 6/17/2019 NAP NAP    
Property 4.08 Life Storage - 206 3/26/2019 6/17/2019 NAP NAP    
Property 4.09 Life Storage - 324 3/28/2019 6/17/2019 NAP NAP    
Property 4.10 Life Storage - 236 3/26/2019 6/17/2019 NAP NAP    
Property 4.11 Life Storage - 184 3/22/2019 6/13/2019 NAP NAP    
Property 4.12 Life Storage - 500 3/26/2019 6/17/2019 NAP NAP    
Property 4.13 Life Storage - 288 3/25/2019 6/17/2019 NAP NAP    
Property 4.14 Life Storage - 299 3/26/2019 6/17/2019 NAP NAP    
Property 4.15 Life Storage - 209 3/26/2019 6/17/2019 NAP NAP    
Property 4.16 Life Storage - 035 3/26/2019 6/17/2019 NAP NAP    
Property 4.17 Life Storage - 074 3/22/2019 6/14/2019 NAP NAP    
Property 4.18 Life Storage - 252 3/26/2019 6/14/2019 NAP NAP    
Property 4.19 Life Storage - 033 3/26/2019 6/17/2019 NAP NAP    
Property 4.20 Life Storage - 205 3/28/2019 6/13/2019 NAP NAP    
Property 4.21 Life Storage - 300 3/26/2019 6/17/2019 NAP NAP    
Property 4.22 Life Storage - 026 3/26/2019 6/17/2019 NAP NAP    
Property 4.23 Life Storage - 361 3/25/2019 6/17/2019 NAP NAP    
Property 4.24 Life Storage - 165 3/28/2019 6/17/2019 NAP NAP    
Property 4.25 Life Storage - 208 3/26/2019 6/17/2019 NAP NAP    
Property 4.26 Life Storage - 211 3/28/2019 6/17/2019 NAP NAP    
Property 4.27 Life Storage - 021 3/25/2019 6/17/2019 NAP NAP    
Property 4.28 Life Storage - 298 3/26/2019 6/17/2019 NAP NAP    
Property 4.29 Life Storage - 297 3/26/2019 6/17/2019 NAP NAP    
Property 4.30 Life Storage - 153 3/26/2019 6/17/2019 NAP NAP    
Property 4.31 Life Storage - 075 3/25/2019 6/13/2019 NAP NAP    
Property 4.32 Life Storage - 152 3/26/2019 6/17/2019 NAP NAP    
Loan 5 Bushwick Avenue Portfolio 7/25/2019 Various   NAP Refinance Joseph Brunner; Toby Mandel
Property 5.01 340 Evergreen Avenue 7/25/2019 7/26/2019 NAP NAP    
Property 5.02 871 Bushwick Avenue 7/25/2019 7/24/2019 NAP NAP    
Property 5.03 889 Bushwick Avenue 7/25/2019 7/26/2019 NAP NAP    
Loan 6 Flamingo Pines Plaza 4/25/2019 4/25/2019 NAP NAP Refinance Jacob Khotoveli
Loan 7 The Stanwix 8/22/2019 8/22/2019 NAP NAP Refinance Jacob Schwimmer; David Templer
Loan 8 Hilton Portfolio Various Various   NAP Refinance Daniel A. Klingerman
Property 8.01 Hampton Inn Bartonsville 6/26/2019 6/27/2019 NAP NAP    
Property 8.02 Homewood Suites Leesburg 6/25/2019 6/27/2019 NAP NAP    
Property 8.03 Hampton Inn Leesburg 6/26/2019 6/27/2019 NAP NAP    
Property 8.04 Hampton Inn Faxon 6/28/2019 6/27/2019 NAP NAP    
Property 8.05 Homewood Suites Ocala 6/25/2019 6/27/2019 NAP NAP    
Property 8.06 Hampton Inn Williamsport 6/27/2019 6/27/2019 NAP NAP    
Property 8.07 Hampton Inn Bermuda Run 6/26/2019 6/27/2019 NAP NAP    
Loan 9 Southbridge Park 8/7/2019 8/7/2019 NAP NAP Refinance Southbridge Park, Inc.
Loan 10 Grand Canal Shoppes 5/15/2019 3/18/2019 NAP NAP Refinance Grand Canal Shoppes Holdings, LLC
Loan 11 Gemstone - Inland Portfolio Various Various NAP NAP Acquisition David M. Ruby; Inland Real Estate Investment Corporation
Property 11.01 Sunset Village 3/19/2019 4/26/2019 NAP NAP    

A-1-31 

 

                 
      Environmental          
Property     Report Engineering Date of PML / Loan  
Flag ID Property Name Date (3)(21)(22) Report Date Seismic Report SEL (%) Purpose Sponsor
Property 11.02 Suncoast 3/19/2019 4/25/2019 NAP NAP    
Property 11.03 Tropic Breeze 3/20/2019 4/25/2019 NAP NAP    
Property 11.04 Lakewood 3/20/2019 4/25/2019 NAP NAP    
Property 11.05 Kozy 3/19/2019 4/26/2019 NAP NAP    
Property 11.06 Capital 3/19/2019 4/26/2019 NAP NAP    
Property 11.07 Try Mor 3/19/2019 4/26/2019 NAP NAP    
Property 11.08 Sunny Acres 3/19/2019 4/26/2019 NAP NAP    
Loan 12 Woodlands Mall 5/3/2019 4/28/2019 NAP NAP Refinance Brookfield Property REIT Inc.; Brookfield Property Partners L.P.; Brookfield Asset Management Inc.
Loan 13 MI-SC Storage Portfolio Various Various NAP NAP Refinance/Acquisition Ran Nizan
Property 13.01 Solo Storage - Dove Rd 7/10/2019 7/10/2019 NAP NAP    
Property 13.02 Port Huron Self Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.03 Lapeer Self Storage - Demille 7/10/2019 7/10/2019 NAP NAP    
Property 13.04 Marion Self Storage - White’s Mini Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.05 Fort Gratiot Self Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.06 Lapeer Self Storage - Luzi’s 7/10/2019 7/10/2019 NAP NAP    
Property 13.07 Fort Knox - Lapeer 8/9/2019 8/9/2019 NAP NAP    
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.09 Marion Self Storage - All Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.10 Solo Storage - Howard St 7/10/2019 7/10/2019 NAP NAP    
Property 13.11 Lapeer Self Storage - Evergreen 7/10/2019 7/10/2019 NAP NAP    
Property 13.12 Lapeer Self Storage - Sam’s 7/10/2019 7/10/2019 NAP NAP    
Property 13.13 Marysville Self Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.14 Saint Clair Self Storage 7/10/2019 7/10/2019 NAP NAP    
Property 13.15 Fort Knox - Imlay City 8/9/2019 8/9/2019 NAP NAP    
Property 13.16 Lapeer Self Storage - Lock Tight 7/10/2019 7/10/2019 NAP NAP    
Loan 14 136-20 38th Avenue 6/25/2019 6/28/2019 NAP NAP Refinance Leon Lee
Loan 15 Beverly Hills BMW 5/8/2019 7/24/2019 6/25/2019 10.0% Acquisition KAFAM Properties, Inc.
Loan 16 BWAY Facilities 7/16/2019 Various NAP NAP Recapitalization AG Net Lease Realty Fund III, L.P.; Net Lease Realty Fund III (SO), L.P.
Property 16.01 BWAY Facilities Premises C 7/16/2019 7/16/2019 NAP NAP    
Property 16.02 BWAY Facilities Premises A & B 7/16/2019 7/15/2019 NAP NAP    
Loan 17 Metreon 5/31/2019 5/31/2019 NAP NAP Refinance Michael Kennedy
Loan 18 Capital at St. Charles 7/5/2019 7/8/2019 NAP NAP Refinance Michael A. Gortenburg; Yukel Holdings, L.L.C.
Loan 19 Corporate Park of Doral 7/26/2019 7/26/2019 NAP NAP Refinance Richard Zinn
Loan 20 Sandpiper Midwest Portfolio 7/8/2019 Various NAP NAP Refinance P. Carter Rise
Property 20.01 WoodSpring Suites Columbus 7/8/2019 5/8/2019 NAP NAP    
Property 20.02 WoodSpring Suites Fairfield 7/8/2019 5/9/2019 NAP NAP    
Property 20.03 WoodSpring Suites Easton 7/8/2019 5/8/2019 NAP NAP    
Property 20.04 WoodSpring Suites Fort Wayne 7/8/2019 5/9/2019 NAP NAP    
Loan 21 Liberty MA Portfolio 7/11/2019 7/29/2019 NAP NAP Refinance Andrew M. Cable; Cabfam LLC
Property 21.01 10-14 New Bond 7/11/2019 7/29/2019 NAP NAP    
Property 21.02 151 West Boylston 7/11/2019 7/29/2019 NAP NAP    
Property 21.03 8 New Bond 7/11/2019 7/29/2019 NAP NAP    
Loan 22 The Centre 6/13/2019 4/17/2019 NAP NAP Recapitalization Leibel Lederman
Loan 23 University Station Sarasota 8/1/2019 8/27/2019 NAP NAP Acquisition John E. Young
Loan 24 River Valley Shopping Center 6/17/2019 6/5/2019 NAP NAP Refinance S. Jay Williams
Loan 25 265 Davidson Avenue 7/3/2019 7/3/2019 NAP NAP Recapitalization Haresh Sheth; Jitendra Tolia; Sharad Desai; Kamala Das; Pyarali Jaffer; Mukesh Desai; and Snehal Desai
Loan 26 106 N Grove & 25 N Harrison 6/28/2019 8/22/2019 NAP NAP Refinance Benzion Kohn
Property 26.01 106 N Grove 6/28/2019 8/22/2019 NAP NAP    
Property 26.02 25 N Harrison 6/28/2019 8/22/2019 NAP NAP    
Loan 27 My Self Storage Space - Brea 6/24/2019 6/24/2019 6/19/2019 11.0% Refinance Mark L. Conzelman; Mark L. Conzelman, As Trustee Of The Conzelman Trust Dated March 7, 1988; M. Paul Conzelman; M. Paul Conzelman, As Trustee Of The Paul And Amy Conzelman Trust Dated May 5, 2006
Loan 28 Aero Office Park 6/25/2019 5/22/2019 6/25/2019 9.0% Refinance Thomas Murray
Loan 29 Lee Industries Various 6/18/2019 NAP NAP Recapitalization AG Net Lease Realty Fund III, L.P.; Net Lease Realty Fund III (SO), L.P.
Property 29.01 Conover (HQ) 6/20/2019 6/18/2019 NAP NAP    
Property 29.02 Newton 6/18/2019 6/18/2019 NAP NAP    
Property 29.03 High Point Showroom 6/19/2019 6/18/2019 NAP NAP    
Loan 30 La Terraza Office Building 6/26/2019 6/22/2019 6/26/2019 6.0% Refinance Sandra DiCicco
Loan 31 T-Mobile Meridian 7/10/2019 7/25/2019 NAP NAP Acquisition FDS Guarantor, LLC; Jeffrey Toporek; Richard Mann; David Stade; Claiborne Williams; Joseph Delogu; David Alperstein; Andrew Schwartzman
Loan 32 Marriott SpringHill Suites and Towneplace Suites 5/15/2019 5/14/2019 5/15/2019 8.0% Refinance 360 Investments, LLC; Nizar Damji; Mariyam Damji; Shaiza Damji; Feyrouz Damji Kurji
Loan 33 Chef’s Store Charleston 7/1/2019 7/2/2019 7/19/2019 6.0% Acquisition Clarence Bosman; Audrey Bosman
Loan 34 Tennessee Retail Portfolio 6/13/2019 Various   NAP Refinance Jeffrey G. Rosenberg
Property 34.01 Elk Crossing 6/13/2019 7/2/2019 NAP NAP    
Property 34.02 Cumberland Crossing 6/13/2019 7/3/2019 NAP NAP    
Loan 35 Sandhurst Apartments 8/19/2019 8/9/2019 NAP NAP Refinance Matthew B. Lester
Loan 36 Churchlight Portfolio Various Various NAP NAP Acquisition Jay N. Yang; Michael A. Mirski
Property 36.01 Lisa Lake 4/15/2019 2/25/2019 NAP NAP    
Property 36.02 Grimms 1/14/2019 2/25/2019 NAP NAP    
Property 36.03 Nelson Manor 1/14/2019 2/25/2019 NAP NAP    

A-1-32 

 

                 
      Environmental          
Property     Report Engineering Date of PML / Loan  
Flag ID Property Name Date (3)(21)(22) Report Date Seismic Report SEL (%) Purpose Sponsor
Property 36.04 Hokes 1/14/2019 2/25/2019 NAP NAP    
Property 36.05 Highspire Court 1/14/2019 1/14/2019 NAP NAP    
Loan 37 Comfort Suites Phoenix Airport 8/28/2019 7/18/2019 NAP NAP Refinance Dayalbhai Ahir
Loan 38 7001 S Alameda 7/3/2019 7/2/2019 7/12/2019 16.0% Refinance Michael Kessler; Lisa Kessler
Loan 39 Princeton Estates Portfolio 8/16/2019 8/16/2019   NAP Refinance Matthew B. Lester
Property 39.01 Strata Estates Williston 8/16/2019 8/16/2019 NAP NAP    
Property 39.02 Strata Estates of Watford City 8/16/2019 8/16/2019 NAP NAP    
Loan 40 700 Acqua Apartments Phase III 6/20/2019 6/20/2019 NAP NAP Refinance C. Burton Cutright; Eric G. Olsen
Loan 41 Grove Heights 7/5/2019 7/5/2019 NAP NAP Acquisition Thaddeus Gerber
Loan 42 Brooklyn Condo Portfolio Various Various   NAP Refinance Hosea Haysha Deitsch
Property 42.01 Dumbo 6/24/2019 6/21/2019 NAP NAP    
Property 42.02 Crown Heights 6/21/2019 6/28/2019 NAP NAP    
Loan 43 Planet Self Storage 3/13/2019 3/15/2019 NAP NAP Acquisition Hoeven Family Partnership II, LLC
Loan 44 Dunlawton Shopping Center 5/23/2019 5/23/2019 NAP NAP Acquisition David S. Rosen
Loan 45 Qwik Stor Self Storage 7/25/2019 7/23/2019 NAP NAP Refinance James Hatcher Cale, Jr.
Loan 46 Menifee Storage 5/14/2019 5/14/2019 5/14/2019 18.0% Refinance Robert Tyler
Loan 47 Hesperia Shopping Center 5/16/2019 5/16/2019 5/16/2019 8.0% Acquisition Joseph T. Kung
Loan 48 Mini U Storage - Crowley 7/17/2019 7/17/2019 NAP NAP Refinance Dahn Corporation

A-1-33 

 

             
            Pari Passu
Property         Pari Passu Debt Controlling Note
Flag ID Property Name Guarantor Previous Securitization (Yes/No) (Yes/No)
Loan 1 GNL Office and Industrial Portfolio Global Net Lease Operating Partnership, L.P. NAP Yes Yes
Property 1.01 Quest Diagnostics, Inc.        
Property 1.02 Encompass Health Corporation        
Property 1.03 AT&T Services, Inc.        
Property 1.04 Up Central Leasing LLC        
Property 1.05 ComDoc, Inc.        
Property 1.06 Stanley Convergent Security Solutions, Inc.        
Property 1.07 EQT Gathering, LLC        
Property 1.08 Metal Technologies, Inc.        
Property 1.09 Heatcraft Refrigeration Products, LLC        
Property 1.10 Hanes Companies, Inc.        
Property 1.11 FedEx Ground Package System, Inc.        
Property 1.12 Cummins, Inc.        
Loan 2 Uline Arena Norman Jemal NAP Yes No
Loan 3 Ocean Edge Resort & Golf Club Corcoran Jennison Company, Inc. NAP Yes Yes
Loan 4 Inland Life Storage Portfolio Inland Private Capital Corporation NAP Yes Yes
Property 4.01 Life Storage - 586        
Property 4.02 Life Storage - 145        
Property 4.03 Life Storage - 364        
Property 4.04 Life Storage - 365        
Property 4.05 Life Storage - 212        
Property 4.06 Life Storage - 386        
Property 4.07 Life Storage - 256        
Property 4.08 Life Storage - 206        
Property 4.09 Life Storage - 324        
Property 4.10 Life Storage - 236        
Property 4.11 Life Storage - 184        
Property 4.12 Life Storage - 500        
Property 4.13 Life Storage - 288        
Property 4.14 Life Storage - 299        
Property 4.15 Life Storage - 209        
Property 4.16 Life Storage - 035        
Property 4.17 Life Storage - 074        
Property 4.18 Life Storage - 252        
Property 4.19 Life Storage - 033        
Property 4.20 Life Storage - 205        
Property 4.21 Life Storage - 300        
Property 4.22 Life Storage - 026        
Property 4.23 Life Storage - 361        
Property 4.24 Life Storage - 165        
Property 4.25 Life Storage - 208        
Property 4.26 Life Storage - 211        
Property 4.27 Life Storage - 021        
Property 4.28 Life Storage - 298        
Property 4.29 Life Storage - 297        
Property 4.30 Life Storage - 153        
Property 4.31 Life Storage - 075        
Property 4.32 Life Storage - 152        
Loan 5 Bushwick Avenue Portfolio Joseph Brunner; Toby Mandel BSPRT 2019-FL5 Yes Yes
Property 5.01 340 Evergreen Avenue        
Property 5.02 871 Bushwick Avenue        
Property 5.03 889 Bushwick Avenue        
Loan 6 Flamingo Pines Plaza Jacob Khotoveli NAP No NAP
Loan 7 The Stanwix Jacob Schwimmer; David Templer NAP No NAP
Loan 8 Hilton Portfolio Daniel A. Klingerman NAP Yes Yes
Property 8.01 Hampton Inn Bartonsville        
Property 8.02 Homewood Suites Leesburg        
Property 8.03 Hampton Inn Leesburg        
Property 8.04 Hampton Inn Faxon        
Property 8.05 Homewood Suites Ocala        
Property 8.06 Hampton Inn Williamsport        
Property 8.07 Hampton Inn Bermuda Run        
Loan 9 Southbridge Park Southbridge Park, Inc. NAP No NAP
Loan 10 Grand Canal Shoppes BPR Nimbus LLC GSMS 2012-SHOP Yes No
Loan 11 Gemstone - Inland Portfolio David M. Ruby; Inland Real Estate Investment Corporation NAP No NAP
Property 11.01 Sunset Village        

A-1-34 

 

             
            Pari Passu
Property         Pari Passu Debt Controlling Note
Flag ID Property Name Guarantor Previous Securitization (Yes/No) (Yes/No)
Property 11.02 Suncoast        
Property 11.03 Tropic Breeze        
Property 11.04 Lakewood        
Property 11.05 Kozy        
Property 11.06 Capital        
Property 11.07 Try Mor        
Property 11.08 Sunny Acres        
Loan 12 Woodlands Mall BPR OP, LP (F/K/A GGP Operating Partnership, LP) NAP Yes No
Loan 13 MI-SC Storage Portfolio Ran Nizan NAP No NAP
Property 13.01 Solo Storage - Dove Rd        
Property 13.02 Port Huron Self Storage        
Property 13.03 Lapeer Self Storage - Demille        
Property 13.04 Marion Self Storage - White’s Mini Storage        
Property 13.05 Fort Gratiot Self Storage        
Property 13.06 Lapeer Self Storage - Luzi’s        
Property 13.07 Fort Knox - Lapeer        
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage        
Property 13.09 Marion Self Storage - All Storage        
Property 13.10 Solo Storage - Howard St        
Property 13.11 Lapeer Self Storage - Evergreen        
Property 13.12 Lapeer Self Storage - Sam’s        
Property 13.13 Marysville Self Storage        
Property 13.14 Saint Clair Self Storage        
Property 13.15 Fort Knox - Imlay City        
Property 13.16 Lapeer Self Storage - Lock Tight        
Loan 14 136-20 38th Avenue Leon Lee COMM 2014-UBS5 No NAP
Loan 15 Beverly Hills BMW KAFAM Properties, Inc. NAP Yes No
Loan 16 BWAY Facilities AG Net Lease III Corp.; AG Net Lease III (SO) Corp. NAP No No
Property 16.01 BWAY Facilities Premises C        
Property 16.02 BWAY Facilities Premises A & B        
Loan 17 Metreon Michael Kennedy NAP No NAP
Loan 18 Capital at St. Charles Michael A. Gortenburg; Yukel Holdings, L.L.C. NAP No NAP
Loan 19 Corporate Park of Doral Richard Zinn UBSBB 2013-C5 No NAP
Loan 20 Sandpiper Midwest Portfolio P. Carter Rise NAP No NAP
Property 20.01 WoodSpring Suites Columbus        
Property 20.02 WoodSpring Suites Fairfield        
Property 20.03 WoodSpring Suites Easton        
Property 20.04 WoodSpring Suites Fort Wayne        
Loan 21 Liberty MA Portfolio Andrew M. Cable; Cabfam LLC NAP Yes No
Property 21.01 10-14 New Bond        
Property 21.02 151 West Boylston        
Property 21.03 8 New Bond        
Loan 22 The Centre Leibel Lederman; CLL LLC; Joyce Demetrakis NAP Yes No
Loan 23 University Station Sarasota John E. Young NAP No NAP
Loan 24 River Valley Shopping Center S. Jay Williams NAP No NAP
Loan 25 265 Davidson Avenue Haresh Sheth; Jitendra Tolia; Sharad Desai; Kamala Das; Pyarali Jaffer; Mukesh Desai; and Snehal Desai NAP No NAP
Loan 26 106 N Grove & 25 N Harrison Benzion Kohn NAP No NAP
Property 26.01 106 N Grove        
Property 26.02 25 N Harrison        
Loan 27 My Self Storage Space - Brea Mark L. Conzelman; Mark L. Conzelman, As Trustee Of The Conzelman Trust Dated March 7, 1988; M. Paul Conzelman; M. Paul Conzelman, As Trustee Of The Paul And Amy Conzelman Trust Dated May 5, 2006 NAP No NAP
Loan 28 Aero Office Park Thomas Murray NAP No NAP
Loan 29 Lee Industries AG Net Lease III Corp.; AG Net Lease III (SO) Corp. NAP No NAP
Property 29.01 Conover (HQ)        
Property 29.02 Newton        
Property 29.03 High Point Showroom        
Loan 30 La Terraza Office Building Sandra DiCicco NAP No NAP
Loan 31 T-Mobile Meridian FDS Guarantor, LLC; Jeffrey Toporek; Richard Mann; David Stade; Claiborne Williams; Joseph Delogu; David Alperstein; Andrew Schwartzman NAP No NAP
Loan 32 Marriott SpringHill Suites and Towneplace Suites 360 Investments, LLC; Nizar Damji; Mariyam Damji; Shaiza Damji; Feyrouz Damji Kurji NAP Yes No
Loan 33 Chef’s Store Charleston Clarence Bosman; Audrey Bosman; Clarence and Audrey Bosman Family Trust of April 23, 2002 NAP No NAP
Loan 34 Tennessee Retail Portfolio Jeffrey G. Rosenberg NAP No NAP
Property 34.01 Elk Crossing        
Property 34.02 Cumberland Crossing        
Loan 35 Sandhurst Apartments Matthew B. Lester DBUBS 2011-LC2A No NAP
Loan 36 Churchlight Portfolio Jay N. Yang; Michael A. Mirski NAP No NAP
Property 36.01 Lisa Lake        
Property 36.02 Grimms        
Property 36.03 Nelson Manor        

A-1-35 

 

             
            Pari Passu
Property         Pari Passu Debt Controlling Note
Flag ID Property Name Guarantor Previous Securitization (Yes/No) (Yes/No)
Property 36.04 Hokes        
Property 36.05 Highspire Court        
Loan 37 Comfort Suites Phoenix Airport Dayalbhai Ahir NAP No NAP
Loan 38 7001 S Alameda Michael Kessler; Lisa Kessler NAP No NAP
Loan 39 Princeton Estates Portfolio Matthew B. Lester COMM 2013-CR10 No NAP
Property 39.01 Strata Estates Williston        
Property 39.02 Strata Estates of Watford City        
Loan 40 700 Acqua Apartments Phase III C. Burton Cutright; Eric G. Olsen NAP No NAP
Loan 41 Grove Heights Thaddeus Gerber NAP No NAP
Loan 42 Brooklyn Condo Portfolio Hosea Haysha Deitsch NAP No NAP
Property 42.01 Dumbo        
Property 42.02 Crown Heights        
Loan 43 Planet Self Storage Hoeven Family Partnership II, LLC NAP No NAP
Loan 44 Dunlawton Shopping Center David S. Rosen NAP No NAP
Loan 45 Qwik Stor Self Storage James Hatcher Cale, Jr. CGCMT 2014-GC19 No NAP
Loan 46 Menifee Storage Robert Tyler NAP No NAP
Loan 47 Hesperia Shopping Center Joseph T. Kung NAP No NAP
Loan 48 Mini U Storage - Crowley Dahn Corporation NAP No NAP

A-1-36 

 

                 
            Existing   Future Debt
Property     Non-Trust Pari Passu Non-Trust Pari Passu Non-Trust Pari Passu Additional Debt   Permitted
Flag ID Property Name Original Balance Cut-off Date Balance Balloon Balance Amount(23)(24) Existing Additional Debt Description(23)(24) Type(25)
Loan 1 GNL Office and Industrial Portfolio 136,000,000 136,000,000 136,000,000  NAP NAP NAP
Property 1.01 Quest Diagnostics, Inc.                
Property 1.02 Encompass Health Corporation                
Property 1.03 AT&T Services, Inc.                
Property 1.04 Up Central Leasing LLC                
Property 1.05 ComDoc, Inc.                
Property 1.06 Stanley Convergent Security Solutions, Inc.                
Property 1.07 EQT Gathering, LLC                
Property 1.08 Metal Technologies, Inc.                
Property 1.09 Heatcraft Refrigeration Products, LLC                
Property 1.10 Hanes Companies, Inc.                
Property 1.11 FedEx Ground Package System, Inc.                
Property 1.12 Cummins, Inc.                
Loan 2 Uline Arena 78,000,000 78,000,000 78,000,000 NAP NAP Mezzanine
Loan 3 Ocean Edge Resort & Golf Club 30,000,000 30,000,000 23,615,947  NAP NAP NAP
Loan 4 Inland Life Storage Portfolio 99,595,000 99,595,000 85,749,125  NAP NAP Unsecured Guarantor Loans
Property 4.01 Life Storage - 586                
Property 4.02 Life Storage - 145                
Property 4.03 Life Storage - 364                
Property 4.04 Life Storage - 365                
Property 4.05 Life Storage - 212                
Property 4.06 Life Storage - 386                
Property 4.07 Life Storage - 256                
Property 4.08 Life Storage - 206                
Property 4.09 Life Storage - 324                
Property 4.10 Life Storage - 236                
Property 4.11 Life Storage - 184                
Property 4.12 Life Storage - 500                
Property 4.13 Life Storage - 288                
Property 4.14 Life Storage - 299                
Property 4.15 Life Storage - 209                
Property 4.16 Life Storage - 035                
Property 4.17 Life Storage - 074                
Property 4.18 Life Storage - 252                
Property 4.19 Life Storage - 033                
Property 4.20 Life Storage - 205                
Property 4.21 Life Storage - 300                
Property 4.22 Life Storage - 026                
Property 4.23 Life Storage - 361                
Property 4.24 Life Storage - 165                
Property 4.25 Life Storage - 208                
Property 4.26 Life Storage - 211                
Property 4.27 Life Storage - 021                
Property 4.28 Life Storage - 298                
Property 4.29 Life Storage - 297                
Property 4.30 Life Storage - 153                
Property 4.31 Life Storage - 075                
Property 4.32 Life Storage - 152                
Loan 5 Bushwick Avenue Portfolio 94,000,000 94,000,000 94,000,000 NAP NAP NAP
Property 5.01 340 Evergreen Avenue            
Property 5.02 871 Bushwick Avenue            
Property 5.03 889 Bushwick Avenue            
Loan 6 Flamingo Pines Plaza           NAP NAP NAP
Loan 7 The Stanwix       40,000,000 B-note ($30,000,000), Mezzanine ($10,000,000) NAP
Loan 8 Hilton Portfolio 38,000,000 38,000,000 31,410,905 NAP NAP NAP
Property 8.01 Hampton Inn Bartonsville            
Property 8.02 Homewood Suites Leesburg            
Property 8.03 Hampton Inn Leesburg            
Property 8.04 Hampton Inn Faxon            
Property 8.05 Homewood Suites Ocala            
Property 8.06 Hampton Inn Williamsport            
Property 8.07 Hampton Inn Bermuda Run            
Loan 9 Southbridge Park       NAP NAP Secured or unsecured subordinate loan
Loan 10 Grand Canal Shoppes 735,000,000 735,000,000 735,000,000 215,000,000 B-note NAP
Loan 11 Gemstone - Inland Portfolio           NAP NAP NAP
Property 11.01 Sunset Village                

A-1-37 

 

                 
            Existing   Future Debt
Property     Non-Trust Pari Passu Non-Trust Pari Passu Non-Trust Pari Passu Additional Debt   Permitted
Flag ID Property Name Original Balance Cut-off Date Balance Balloon Balance Amount(23)(24) Existing Additional Debt Description(23)(24) Type(25)
Property 11.02 Suncoast                
Property 11.03 Tropic Breeze                
Property 11.04 Lakewood                
Property 11.05 Kozy                
Property 11.06 Capital                
Property 11.07 Try Mor                
Property 11.08 Sunny Acres                
Loan 12 Woodlands Mall 226,200,000 226,200,000 226,200,000 216,903,446 B-note ($177,400,000), Mezzanine ($39,503,446) Mezzanine
Loan 13 MI-SC Storage Portfolio           NAP NAP NAP
Property 13.01 Solo Storage - Dove Rd                
Property 13.02 Port Huron Self Storage                
Property 13.03 Lapeer Self Storage - Demille                
Property 13.04 Marion Self Storage - White’s Mini Storage                
Property 13.05 Fort Gratiot Self Storage                
Property 13.06 Lapeer Self Storage - Luzi’s                
Property 13.07 Fort Knox - Lapeer                
Property 13.08 Marion Self Storage - Francis Marion Plaza Storage                
Property 13.09 Marion Self Storage - All Storage                
Property 13.10 Solo Storage - Howard St                
Property 13.11 Lapeer Self Storage - Evergreen                
Property 13.12 Lapeer Self Storage - Sam’s                
Property 13.13 Marysville Self Storage                
Property 13.14 Saint Clair Self Storage                
Property 13.15 Fort Knox - Imlay City                
Property 13.16 Lapeer Self Storage - Lock Tight                
Loan 14 136-20 38th Avenue       NAP NAP NAP
Loan 15 Beverly Hills BMW 39,490,000 39,490,000 39,490,000 NAP NAP NAP
Loan 16 BWAY Facilities       NAP NAP Mezzanine
Property 16.01 BWAY Facilities Premises C            
Property 16.02 BWAY Facilities Premises A & B            
Loan 17 Metreon           NAP NAP NAP
Loan 18 Capital at St. Charles           NAP NAP NAP
Loan 19 Corporate Park of Doral       NAP NAP NAP
Loan 20 Sandpiper Midwest Portfolio           NAP NAP NAP
Property 20.01 WoodSpring Suites Columbus                
Property 20.02 WoodSpring Suites Fairfield                
Property 20.03 WoodSpring Suites Easton                
Property 20.04 WoodSpring Suites Fort Wayne                
Loan 21 Liberty MA Portfolio 20,000,000 19,927,781 14,568,744 NAP NAP NAP
Property 21.01 10-14 New Bond            
Property 21.02 151 West Boylston            
Property 21.03 8 New Bond            
Loan 22 The Centre 45,000,000 45,000,000 45,000,000 70,000,000 B-note NAP
Loan 23 University Station Sarasota       NAP NAP NAP
Loan 24 River Valley Shopping Center       NAP NAP NAP
Loan 25 265 Davidson Avenue       NAP NAP NAP
Loan 26 106 N Grove & 25 N Harrison       3,200,000 Mezzanine NAP
Property 26.01 106 N Grove            
Property 26.02 25 N Harrison            
Loan 27 My Self Storage Space - Brea           NAP NAP NAP
Loan 28 Aero Office Park       NAP NAP NAP
Loan 29 Lee Industries       NAP NAP Mezzanine
Property 29.01 Conover (HQ)            
Property 29.02 Newton            
Property 29.03 High Point Showroom            
Loan 30 La Terraza Office Building       NAP NAP NAP
Loan 31 T-Mobile Meridian       NAP NAP NAP
Loan 32 Marriott SpringHill Suites and Towneplace Suites 12,300,000 12,235,410 9,876,928 NAP NAP NAP
Loan 33 Chef’s Store Charleston       NAP NAP No
Loan 34 Tennessee Retail Portfolio       NAP NAP NAP
Property 34.01 Elk Crossing            
Property 34.02 Cumberland Crossing            
Loan 35 Sandhurst Apartments       NAP NAP NAP
Loan 36 Churchlight Portfolio           NAP NAP NAP
Property 36.01 Lisa Lake                
Property 36.02 Grimms                
Property 36.03 Nelson Manor                

A-1-38 

 

                 
            Existing   Future Debt
Property     Non-Trust Pari Passu Non-Trust Pari Passu Non-Trust Pari Passu Additional Debt   Permitted
Flag ID Property Name Original Balance Cut-off Date Balance Balloon Balance Amount(23)(24) Existing Additional Debt Description(23)(24) Type(25)
Property 36.04 Hokes                
Property 36.05 Highspire Court                
Loan 37 Comfort Suites Phoenix Airport       NAP NAP NAP
Loan 38 7001 S Alameda       NAP NAP No
Loan 39 Princeton Estates Portfolio       NAP NAP NAP
Property 39.01 Strata Estates Williston            
Property 39.02 Strata Estates of Watford City            
Loan 40 700 Acqua Apartments Phase III           NAP NAP NAP
Loan 41 Grove Heights       NAP NAP NAP
Loan 42 Brooklyn Condo Portfolio       NAP NAP Mezzanine
Property 42.01 Dumbo            
Property 42.02 Crown Heights            
Loan 43 Planet Self Storage           NAP NAP NAP
Loan 44 Dunlawton Shopping Center       NAP NAP NAP
Loan 45 Qwik Stor Self Storage       NAP NAP No
Loan 46 Menifee Storage           NAP NAP NAP
Loan 47 Hesperia Shopping Center       NAP NAP NAP
Loan 48 Mini U Storage - Crowley           NAP NAP NAP

A-1-39 

 

 

CF 2019-CF2

 

FOOTNOTES TO ANNEX A-1

 

(1)

CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates;  SMC—Starwood Mortgage Capital LLC;  KeyBank—KeyBank National Association;  GACC—German American Capital Corporation.

 

 

(2)

For each of the GNL Office and Industrial Portfolio (Loan No. 1), Uline Arena  (Loan No. 2), Ocean Edge Resort & Golf Club (Loan No. 3), Inland Life Storage Portfolio (Loan No. 4), Bushwick Avenue Portfolio (Loan No. 5), Hilton Portfolio (Loan No. 8), Grand Canal Shoppes (Loan No. 10), Woodlands Mall (Loan No. 12), Beverly Hills BMW (Loan No. 15), Liberty MA Portfolio (Loan No. 21), The Centre (Loan No. 22), Marriott SpringHill Suites and Towneplace Suites (Loan No. 32), the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads/Spaces) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.

 

 

(3)

Loan No. 8 – Hilton Portfolio – A portion of the parking lot at the Hampton Inn Faxon property is subject to an environmental covenant. The environmental covenant generally requires, among other things, that the borrower (1) maintain the asphalt cover over the parking lot, (2) maintain a worker health and safety plan for any excavation activity that occurs over the parking lot, (3) properly manage any waste that is removed from the parking lot and (4) conduct a vapor intrusion test for any future structures that are built within 100 feet of the parking lot.

 

 

(4)

Loan No. 31 – T-Mobile Meridian – The mortgage loan is an ARD loan with an anticipated repayment date of September 6, 2026, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of March 6, 2027 equal to the sum of 4.0% plus the initial rate.

 

 

(5)

Loan No. 7 – The Stanwix – The Underwritten  NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads/Spaces) ($) calculations exclude The Stanwix non-pooled component.

 

 

 

Loan No. 10 – Grand Canal Shoppes – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads/Spaces) ($) calculations exclude the Grand Canal Shoppes non-pooled component.

 

 

 

Loan No. 12 –  Woodlands Mall – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area calculations exclude the Woodlands Mall non-pooled component.

 

 

 

Loan No. 22 – The Centre – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads/Spaces) ($) calculations exclude The Centre non-pooled component.

 

 

(6)

Loan No. 1 – GNL Office and Industrial Portfolio – The Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the “as portfolio” value of $370,310,000, as of September 12, 2019. The sum of the “as is” values is equal to $364,710,000, which results in an “as is” Cut-Off Date LTV Ratio and LTV Ratio at Maturity or ARD of 55.9% and 55.9%, respectively.

 

 

 

Loan No. 2 – Uline Arena – The Appraised Value ($) used is a “Prospective Value Upon Completion”, which assumes that all tenants with executed leases are in occupancy and paying rent. As of July 26, 2019, the Uline Arena Property was 92.1% leased (which includes approximately 69,910 sq. ft. that is not yet occupied). At loan origination, the Uline Arena Borrower deposited approximately $1.8 million in a gap rent reserve, which represents the total underwritten rent for the time from the origination of the Uline Arena Whole Loan to the anticipated lease commencement dates and approximately $7.5 million in a free rent reserve for outstanding free rent for various tenants during the term of the Uline Arena Whole Loan. The Cut-off Date LTV and Balloon LTV are based on the “Prospective Value Upon Completion”. The Cut-off Date LTV and Balloon LTV based on the “as is” value of $194.0 million is 61.9% and 61.9%, respectively.

 

 

 

Loan No. 4 – Inland Life Storage Portfolio – The Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the “as portfolio” value of $225,000,000 as of June 28, 2019. The sum of the “as is” appraised values is equal to $212,100,000 which results in an “as is” Cut-Off Date LTV Ratio and LTV Ratio at Maturity or ARD of 65.6% and 56.5%, respectively.

 

 

 

Loan No. 8 – Hilton Portfolio – The Appraised Value ($) of $110.0 million for the Hilton Portfolio properties as a whole reflects an approximate 5.8% premium to the aggregate appraised value of the individual properties. The aggregate “as is” appraised value for the individual properties as of June 1, 2019 is $104.0 million, which results in a Cut-off Date LTV Ratio of 65.4% and a LTV Ratio at Maturity or ARD of 54.0%.

 

 

 

Loan No. 9 – Southbridge Park – The Appraised Value ($) used is a “Gross Sell-out Value”, which equals the sum of (i) the estimated unit values of all cooperative units in the Southbridge Park Property, based on various comparable sales of cooperative apartment units in the market plus (ii) the estimated value of the parking spaces located at the Southbridge Park Property. The Cut-off Date LTV and Balloon LTV are based on the “Gross Sell-out Value”. The Cut-off Date LTV and Balloon LTV based on the “Multifamily Rental Appraised Value” are 29.6% and 29.6%, respectively.

A-1-40 

 

 

 

Loan No. 13 – MI-SC Storage Portfolio – The Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the “as portfolio” value of $34,010,000 as of September 10, 2019. The sum of the “as is” values is equal to $31,800,000, which results in an “as is” Cut-Off Date LTV Ratio and LTV Ratio at Maturity or ARD of 66.4% and 52.2%, respectively.

 

 

 

Loan No. 37 – Comfort Suites Phoenix Airport – The Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) are based on the “hypothetical as if completed” value of $11,400,000 as of July 2, 2019, which assumes that the scheduled PIP at the mortgaged property has been completed as of July 2, 2019. At origination, the borrower deposited $820,424 for the related PIP work. The “as is” value is equal to $10,600,000, which results in an “as is” Cut-Off Date LTV Ratio and LTV Ratio at Maturity or ARD of 61.2% and 45.3%, respectively.

 

 

(7)

Loan No. 15 – Beverly Hills BMW – Includes revenue provided by U.S. Treasury securities created through the Separate Trading of Registered Interest and Principal of Securities program (“Treasury STRIPS”) and other United States Treasury securities that the borrowers acquired at origination and subsequently pledged to the lender as additional collateral for the mortgage loan that will supply a total of $12,084,077 of revenue over the term of the mortgage loan.

 

 

(8)

Loan No. 5 – Bushwick Avenue Portfolio – The 871 Bushwick Avenue property is subject to a ground lease.  See footnote (11) below.

 

 

 

Loan No. 5 – Bushwick Avenue Portfolio – The Bushwick Avenue Portfolio properties are comprised of two multifamily properties and one mixed-use building. The 871 Bushwick Avenue property is comprised of 140,510 sq. ft. The 340 Evergreen Avenue property is comprised of 157,037 sq. ft. or 168 units. The 889 Bushwick Avenue property is comprised of 49,656 sq. ft. or 54 units.

 

 

 

Loan No. 10 – Grand Canal Shoppes – The Grand Canal Shoppes property is secured by a first priority fee and leasehold mortgage encumbering 759,891 SF.

 

 

(9)

Loan No. 2 – Uline Arena – The defeasance lockout period will be at least 26 payment dates beginning with and including the first payment date of September 6, 2019. Defeasance of the $120.0 million Uline Arena 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 holds the last portion of the Uline Arena Whole Loan to be securitized and (ii) three years from the first payment date of September 6, 2019. The assumed defeasance lockout period of 26 payments is based on the expected CF 2019-CF2 securitization closing date in October 2019. The actual defeasance lockout period may be longer. In the case of a prepayment subject to a yield maintenance premium, there is no lockout period.

 

 

 

Loan No. 3 – Ocean Edge Resort & Golf Club – The lockout period will be at least 24 payment dates beginning with and including the first payment date of November 1, 2019. The assumed lockout period of 24 months is based on the expected CF 2019-CF2 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 5 – Bushwick Avenue Portfolio – The lockout period will be at least 25 payment dates beginning with and including the first payment date of October 6, 2019. The assumed lockout period of 25 months is based on the expected CF 2019-CF2 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 8 – Hilton Portfolio – The lockout period will be at least 25 payment dates beginning with and including the first payment date of October 6, 2019. The assumed lockout period of 25 months is based on the expected CF 2019-CF2 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 10 – Grand Canal Shoppes – Defeasance of the Grand Canal Shoppes Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last Grand Canal Shoppes Whole Loan promissory note to be securitized and (b) June 3, 2022. The assumed defeasance lockout period of 27 payments is based on the closing date of this transaction in October 2019.

 

 

(10)

Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.
● Loan No.1 – GNL Office and Industrial Portfolio
● Loan No. 3 – Ocean Edge Resort & Golf Club
● Loan No. 4 – Inland Life Storage Portfolio
● Loan No. 5 – Bushwick Avenue Portfolio
● Loan No. 10 – Grand Canal Shoppes
● Loan No. 11 – Gemstone – Inland Portfolio
● Loan No. 12 – Woodlands Mall
● Loan No. 13 – MI-SC Storage Portfolio
● Loan No. 19 – Corporate Park of Doral
● Loan No. 20 – Sandpiper Midwest Portfolio
● Loan No. 21 – Liberty MA Portfolio
● Loan No. 29 – Lee Industries
● Loan No. 46 – Menifee Storage
● Loan No. 47 – Hesperia Shopping Center

 

A-1-41 

 

(11)

Loan No. 5 – Bushwick Avenue Portfolio – The 871 Bushwick Avenue property is subject to a ground lease with Metro (the “871 Bushwick Ground Lease”). The 871 Bushwick Ground Lease is dated as of and commenced on July 1, 2019. The expiration date of the 871 Bushwick Ground Lease is June 30, 2049, with no renewal options. In the event that Metro files a declaration for a leasehold condominium (the “Declaration”) within the first year of the 871 Bushwick Ground Lease, the expiration date of the 871 Bushwick Ground Lease will be extended to the date that is 30 years from the filing of the Declaration. Metro is required to deliver notice of the filing of the Declaration to the landlord simultaneously with the recording of the Declaration. Annual ground rent is equal to $3.6 million, which escalates by 2.5% over the prior year each year during the term of the 871 Bushwick Ground Lease, except for in year 15, when the ground rent increases by 10% over the prior year.

 

 

 

Loan No. 10 – Grand Canal Shoppes - The Grand Canal Shoppes Borrowers have air rights leases (which do not include the underlying land) with Venetian Casino Resort, LLC, as lessor, for portions of the retail and restaurant space on the casino level of each of the Venetian Hotel and the Palazzo Hotel portions of the Grand Canal Shoppes Property. The air rights above the space leased to Walgreens Co. and used as a Walgreen’s store are leased by a third party to the Grand Canal Shoppes Borrowers.

 

 

(12)

Loan No. 14 – 136-20 38th Avenue – The 2nd Largest Tenant, Long Island Business Institute, leases 10,865 sq. ft. (46.2% of NRA) at the mortgaged property and is an affiliate of the borrower.

 

 

(13)

The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are early non contingent termination options for those tenants listed in Annex A-1:

 

 

 

Loan No. 2 – Uline Arena – The fifth largest tenant, Antunovich Associates, has a one-time right to terminate its lease on October 31, 2024 if the tenant has not exercised its right of first offer to lease the space directly contiguous to the leased premises, provided Antunovich Associates provides the Uline Arena Borrower with 12 months’ prior written notice.

 

 

 

Loan No. 6 – Flamingo Pines Plaza – Sunrise Medical Group, the 4th Largest Tenant, can terminate its lease on or after November 1, 2018 with a 180 days’ prior written notice and a payment of a termination fee of unamortized, remaining tenant improvements up to a maximum of $200,000.

 

 

 

Loan No. 12 – Woodlands Mall - The Largest Tenant, Forever 21, has the right to terminate its lease effective at any time upon 180 days’ notice and payment of a termination fee equal to twelve months of minimum annual rent.

 

 

 

Loan No. 19 – Corporate Park of Doral – GSA - MEPS, the Largest Tenant, has an ongoing option to terminate its lease with 120 days’ notice. FirstSource Group USA, Inc., the 2nd Largest Tenant, has a one-time option to terminate in August 2023 with 180 days’ notice. FL Department of Agriculture, the 3rd Largest Tenant, has a one-time option to terminate in the event a state-owned building becomes available with six months’ notice. U.S. Army Recruiting, the 4th Largest Tenant, has an ongoing option to terminate its lease with 90 days’ notice.

 

 

 

Loan No. 23 – University Station Sarasota - The 2nd Largest Tenant, Banfield Pet Hospital, has a one-time right to terminate effective on the fifth anniversary of the commencement date with nine months’ notice.

 

 

 

Loan No. 23 – University Station Sarasota - The 3rd Largest Tenant, Great Expressions, has a one-time right to terminate the lease in the event revenue from the premises does not exceed $600,000 in the period between the 3rd and 4th anniversaries of the rent commencement date by giving notice 180 days before the end of the fifth lease year.

 

 

 

Loan No. 47 – Hesperia Shopping Center – CareMore Health System, the 3rd Largest Tenant, has a one-time option to terminate its lease on September 30, 2019 with six months’ notice.

 

 

(14)

The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:

 

 

 

Loan No. 2 – Uline Arena – The Largest Tenant at the Uline Arena Property, Recreational Equipment, Inc., has subleased 1,052 sq. ft. of its space to La Columbe, which uses the space to operate a coffee shop within Recreational Equipment, Inc. La Columbe’s sublease expires in January 2027 and includes one five-year extension option. Under the sublease, La Columbe has an option to terminate if it fails to meet or exceed $600,000 in gross receipts for any calendar year after the fourth sublease year (2020) and Recreational Equipment, Inc. has a right to terminate the sublease if La Columbe fails to produce its gross receipt report. Notwithstanding the sublease, Recreational Equipment, Inc. remains liable for its obligations under the primary lease with the Uline Arena borrower.

 

 

(15)

The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the cutoff date of the securitization.

A-1-42 

 

 

Loan No. 2 – Uline Arena – The third largest tenant, Pact Inc. (“Pact”), executed a lease in April 2019 for 37,144 sq. ft. of traditional office space and 1,993 sq. ft. of mezzanine office space, each of which expires in April 2035 and includes one five-year renewal option and no termination options. The Pact traditional office space is currently being built out, and Pact is not in occupancy or paying rent under the lease. Per the terms of the Pact lease, Pact is required to take occupancy of all of its space and begin paying rent by May 1, 2020 (absent construction delays caused by the landlord). The use of the Pact mezzanine space requires government approval. In the event the government does not approve construction of the mezzanine space (or approves construction of only a portion), the Pact tenant square footage will be reduced.

 

 

 

Loan No. 2 – Uline Arena – The fourth largest tenant, Davis Memorial Goodwill (“Goodwill”), executed its lease in April 2019. It expires in July 2035 and includes one five-year renewal option and no termination options. Goodwill is in the process of building out its space and is not yet in occupancy. Goodwill is anticipated to take occupancy in October 2019.

 

 

(16)

Loan No. 7 – The Stanwix – The Stanwix mortgage loan was structured with a $750,000 Affordable Units Holdback. The lender will be required to return such amounts to the borrower at such time that all of the affordable units have been leased pursuant to acceptable leases, each with a base minimum monthly rent of not less than the “Legal Monthly Rent” for each respective affordable unit as set forth in the Stanwix loan documents. Notwithstanding the foregoing, the amount of such disbursement will be an amount such that, after disbursement to the borrower, the debt yield is at least equal to 6.0%. In the event that any amounts remain in the Affordable Units Holdback Reserve after August 27, 2022, such amount will either remain in the reserve as additional collateral or the lender, at its option, may apply the reserve as a prepayment of the Stanwix Whole Loan (together with yield maintenance).

 

 

 

Loan No. 7 – The Stanwix – The Stanwix mortgage loan was structured with a $3,150,000 Retail Holdback. The lender will be required to return such amounts to the borrower in a minimum of $500,000 increments upon the borrower entering into leases with one or more retail tenants reasonable satisfactory to the lender demising all or a portion of the retail space for a term of not less than five years, at a net effective rental rate comparable to then-existing local market rents. The amount of any such disbursement will be limited to an amount such that, after the disbursement to the Stanwix Borrower, the debt yield based on the total debt is at least 6.0% and the total debt loan-to-value ratio is not greater than 70.0% at the end of the prior month. Notwithstanding the foregoing, in the event that any amounts remain in the Retail Holdback after August 27, 2022, such amounts will either remain in the reserve as additional collateral or the lender, at its option, may apply the reserve as a prepayment of the Stanwix Whole Loan (together with yield maintenance).

 

 

 

Loan No. 42 – Brooklyn Condo Portfolio – The Brooklyn Condo Portfolio mortgage loan was structured with a $219,450 earnout reserve.  The lender will be required to return such amounts to the borrower upon (i) receipt of a satisfactory renewal lease from The League Treatment Center (or replacement lease), (ii) the achievement of a DSCR of at least 1.40x and (iii) the achievement of a debt yield of at least 7.4%. To the extent the mortgage loan amount net of the earnout reserve funds on deposit cause the DSCR and debt yield of the mortgage loan to equal 1.40x and 7.4%, respectively, any excess funds in the earnout reserve will be returned to the borrower.

 

 

(17)

Loan No. 20 – Sandpiper Midwest Portfolio – The replacement reserves were calculated on a property level by the engineer and underwritten to an overall total of four percent (4%) of the total Gross Income from
Operations for the immediately preceding calendar year.

 

 

(18)

Loan No. 3 – Ocean Edge Resort & Golf Club – The Ocean Edge Resort & Golf Club Mortgage Loan borrowers are required to deposit into a seasonality reserve, on a monthly basis from and including June through and including September, the seasonality reserve monthly deposit (for the month of June, $500,000, (ii) for the month of July, $2,000,000, (iii) for the month of August, $2,000,000, or such lesser amount as is required to reach the applicable Seasonality Reserve Fully Funded Amount, and (iv) for the month of September, the amount, if any, required to reach the applicable Seasonality Reserve Fully Funded Amount of $4,084,680). If the amount on deposit in the seasonality reserve on September 30 of any calendar year is less than the applicable Seasonality Reserve Fully Funded Amount for such year, then on or before October 30 of such calendar year, the borrowers are required to deposit sufficient additional funds to cause the seasonality reserve to be equal to the applicable Seasonality Reserve Fully Funded Amount.

 

 

(19)

Loan No. 8 – Hilton Portfolio – The mortgage loan requires a monthly FF&E reserve deposit in an amount equal to 1/12th of a) 4.0% of EGI for the first 33 months of the loan term and b) 5.0% of EGI thereafter.

 

 

 

Loan No. 30 – La Terraza Office Building - On a monthly basis during the first year of the loan term, the borrower is required to deposit $17,933 into a TI/LC reserve account. Ongoing TI/LC collections are reduced to $3,350 per month thereafter.

 

 

 

Loan No. 37 – Comfort Suites Phoenix Airport – The mortgage loan requires a monthly FF&E reserve deposit in an amount equal to 1/12th of a) 2.0% of EGI for the first two years of the loan term, b) 3.0% of EGI for year three of the loan term and c) 4.0% of EGI thereafter.

 

 

 

Loan No. 47 – Hesperia Shopping Center - On a monthly basis during the first two years of the loan term, the borrower is required to deposit $5,464.42 into a TI/LC reserve account. Ongoing TI/LC collections are reduced to $1,644.33 per month thereafter. In the event that the lender receives satisfactory evidence that the tenants known as CareMore Health System and Nail Spa have each extended/renewed its respective lease effective as of the expiration date of their lease, or one or more replacement tenants have entered into a lease, in each case for a term of not less than five years and otherwise on terms no less favorable to the landlord thereunder as exist in their existing lease (or as otherwise approved by the lender), and all TI/LC expenses related thereto have been paid, then so long as no Trigger Event (as defined in the loan documents) then exists, (i) 

A-1-43 

 

 

any funds on deposit in the TI/LC reserve in excess of $100,000 will be disbursed to the borrower and (ii) monthly deposits into the TI/LC reserve shall be suspended at any time that the balance in the TI/LC reserve is at least $100,000. 

 

 

(20)

Loan No. 8 – Hilton Portfolio – A PIP reserve for potential PIP items is required by the applicable franchisor in connection with the renewal or replacement of the franchise agreement relating to the Hampton Inn Leesburg property (the “Hampton Inn Leesburg PIP”), in the amount of $77,800 per month during months 1 through 33 of the Hilton Portfolio loan term are required to be collected, subject to a $2,500,000 cap. Funds on deposit in the PIP reserve will be available to pay the costs associated with the Hampton Inn Leesburg PIP. Upon the completion of the Hampton Inn Leesburg PIP and payment in full of the costs related thereto, any funds remaining in this PIP reserve will be transferred to the FF&E reserve.

In lieu of making the monthly PIP reserve payments, the Hilton Portfolio borrowers will have the option of posting cash or multiple letters of credit in accordance with the following schedule:

(i)      $1,000,000 on the day of the closing of the Hilton Portfolio Loan;
(ii)     $1,000,000 on or before the Hilton Portfolio Loan payment date in month 13 of the Hilton Portfolio loan term; and
(iii)    $500,000 on or before the Hilton Portfolio Loan payment date in month 25 of the Hilton Portfolio loan term.

The Hilton Portfolio borrowers posted a $1,000,000 letter of credit at origination of the Hilton Portfolio loan.

 

 

(21)

Loan No. 3 – Ocean Edge Resort & Golf Club - The Phase I environmental report, dated July 22, 2019, recommended additional testing be completed at the Ocean Edge Resort & Golf Club Mortgaged Property resulting from three former underground storage tanks that were removed from the Ocean Edge Resort & Golf Club Mortgaged Property in 2013. The underground storage tanks were reported to be in good condition; however, soil and groundwater testing were recommended in order to determine the subsurface impact. In lieu of Phase II testing, the environmental engineer provided an opinion that the probable cost estimated for any potential remediation that would result from a Phase II investigation would be $190,000. Thus, it was determined that the borrower has sufficient financial resources and the Ocean Edge Resort & Golf Club Property has sufficient excess cash flow to complete any potential remediation that could be required as a result of such investigation.

 

 

 

Loan No. 35 – Sandhurst Apartments – A dry cleaner has operated along the north border of the mortgaged property from the late 1960’s to the present. Based on the length of time in operation, the toxicity and mobility of dry-cleaning solvents and the immediate adjoining location, the presence of the dry cleaner was determined to represent a REC. The third party consultant recommended additional investigation to determine whether a potential release from the north adjoining dry-cleaner poses a vapor migration risk to the mortgaged property. The borrower engaged an environmental consultant to perform sub-slab vapor testing at the three buildings closest to the dry cleaner. Based on the absence of volatile organic compounds in the soil gas samples collected beneath the mortgaged property exceeding residential vapor intrusion screening levels and recommended interim action screening levels, the environmental consultant determined that vapor intrusion risk does not currently exist at the mortgaged property and that no further action was recommended.

 

 

 

Loan No. 36 – Churchlight Portfolio – The Lisa Lake Mortgaged Property Phase I environmental report, dated April 15, 2019, reported 81 underground storage tanks (USTs) at the Mortgaged Property. The borrower subsequently completed a Phase II investigation in which soil, soil vapor, and groundwater samples were each tested. The Phase II dated April 16, 2019 revealed evidence of benzene in one groundwater sample which exceeded Pennsylvania residential standards; however, based on a subsequent Groundwater Evaluation, the lender and environmental consultant have determined the groundwater’s sample results to be satisfactory and requiring no further action.

 

 

(22)

With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor, (iii) to address environmental conditions or concerns or (iv) for other reasons. For additional information, see “Description of the Mortgage Loan—Environmental Conditions” in the prospectus.

 

Loan

No.

 

Mortgage Loan

 

Mortgage Loan
Cut-off Date
Balance

 

% of Initial
Outstanding
Pool Balance

 

Maximum Policy
Amount

 

Premium Paid in
Full

16

 

BWAY Facilities

 

$17,585,000

 

2.2%

 

$5,000,000

 

Yes

21

 

Liberty MA Portfolio

 

$15,444,030

 

1.9%

 

$3,000,000

 

Yes

26

 

106 N Grove & 25 N Harrison

 

$13,800,000

 

1.7%

 

$3,000,000

 

Yes

29

 

Lee Industries

 

$12,025,000

 

1.5%

 

$3,000,000

 

Yes

33

 

Chefs Store Charleston

 

$3,900,000

 

1.1%

 

$3,000,000

 

Yes

38

 

7001 S Alameda

 

$5,200,000

 

0.6%

 

$3,000,000

 

Yes

34.01

 

Tennessee Retail Portfolio – Elk Crossing

 

$4,716,338

 

0.6%

 

$1,000,000

 

Yes

 

(23)

Split Loan Summary

 

Loan
No.

 

Mortgage Loan

 

A-Note or
Pooled
Component
Cut-off Date
Balance

 

B-Note or
Non-Pooled

Component
Cut-off Date
Balance

 

Total
Mortgage
Debt Cut-off
Date Balance

 

Pooled
Trust
U/W NCF
DSCR

 

Total
Mortgage
Debt U/W
NCF DSCR

 

Pooled
Trust
Cut-off
Date
LTV
Ratio

 

Total
Mortgage
Debt Cut-

­off Date
LTV Ratio

 

Pooled
Trust
U/W
NOI
Debt
Yield

 

Total
Mortgage
Debt U/W
NOI Debt
Yield

7

 

The Stanwix

 

 $33,000,000

 

 $30,000,000

 

 $63,000,000

 

4.20x

 

1.62x

 

31.9%

 

60.8%

 

12.8%

 

6.7%

10

 

Grand Canal Shoppes

 

$760,000,000

 

$215,000,000

 

$975,000,000

 

2.46X

 

1.67x

 

46.3%

 

59.5%

 

9.6%

 

7.5%

12

 

Woodlands Mall

 

$247,600,000

 

$177,400,000

 

$425,000,000

 

3.95x

 

2.30x

 

26.0%

 

44.6%

 

17.4%

 

10.1%

22

 

The Centre

 

 $60,000,000

 

 $70,000,000

 

$130,000,000

 

2.26s

 

1.32x

 

31.9%

 

69.1%

 

13.2%

 

6.1%

A-1-44 

 

 

(24)

Summary of Existing Mezzanine Debt

 

Loan No.

 

Mortgage Loan

 

Mortgage Loan
Cut-off Date
Balance

 

% of Initial
Outstanding
Pool Balance

 

Mezzanine
Debt Cut-off
Date
Balance

 

Annual
Interest Rate
on Mezzanine
Loan

 

Mezzanine
Loan
Maturity
Date

 

Intercreditor
Agreement

 

Total Debt
Cut-off Date
LTV Ratio

 

Total
Debt U/W
NCF
DSCR

 

Total Debt
U/W NOI
Debt Yield

7

 

The Stanwix

 

$33,000,000

 

4 1%

 

$10,000,000

 

  7.2500%

 

9/1/2029

 

Yes

 

70.5%

 

1 26x

 

5.8%

12

 

Woodlands Mall

 

$21,400,000

 

2.7%

 

$39,503,446

 

  5.5000%

 

8/1/2029

 

Yes

 

48.7%

 

1.79X

 

9.3%

26

 

106 N Grove & 25 N Harrison

 

$13,800,000

 

1.7%

 

  $3,200,000

 

10.0000%

 

9/6/2029

 

Yes

 

83.7%

 

1.20X

 

6.7%

(25)

Summary of Future Permitted Subordinate Debt

Loan No.

 

Mortgage Loan

 

Mortgage Loan
Cut-off Date Balance

 

% of Initial
Outstanding Pool
Balance

 

Intercreditor Agreement

 

Combined
Minimum DSCR

 

Combined
Maximum LTV
Ratio

 

Combined
Debt Yield

2

 

Uline Arena

 

$42,000,000

 

5.2%

 

Yes

 

1.75x

 

57.7%

 

7.18%

9

 

Southbridge Park

 

$29,000,000

 

3.6%

 

Yes

 

4 50x

 

30.0%

 

15 0%

12

 

Woodlands Mall(1)

 

$21,400,000

 

2.7%

 

Yes

 

1.25X

 

52.0%

 

8.6%

16

 

BWAY Facilities

 

$17,585,000

 

2.2%

 

Yes

 

1 75x

 

65.0%

 

8.3%

29

 

Lee Industries

 

$12,500,000

 

1.5%

 

Yes

 

1 35x

 

67.0%

 

8.8%

42

 

Brooklyn Condo Portfolio

 

  $3,600,000

 

0.4%

 

Yes

 

NAP

 

NAP

 

NAP

 

(1)

The borrower has a one-time right to cause to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $35,000,000

(26)

Loan No. 3 – Ocean Edge Resort & Golf Club - 13 of the 337 rooms at the Ocean Edge Resort & Golf Club Mortgaged Property are owned by individual condominium owners and operated as part of the collateral via assigned rental management services agreements. The Rentable Area (Sq. Ft. /Units/Rooms/Pads/Spaces), historical cashflows and underwritten cashflows are each inclusive of the 13 condominium units.

 

 

 

Loan No. 7 – The Stanwix – The fair market units at the Stanwix Property are 100% occupied as of August 9, 2019. Most Recent Occupancy considers the Affordable Units as vacant. Each Affordable Unit is subject to a 15-year master lease between the Stanwix Borrower and an affiliate until the applicable tenant selected through the affordable housing lottery (as required by the New York City Department of Housing Preservation and Development) is in occupancy and paying rent. Underwritten NOI includes master lease rent.

 

 

 

Loan No. 7 – The Stanwix – The Stanwix Property consists of 136 multifamily units (81,975 sq. ft.), two retail units (3,970 sq. ft.) and a 35-space parking garage.

 

 

 

Loan No. 7 – The Stanwix – The Stanwix Property completed construction in 2019. As a result, Historical Financials and Historical Occupancy are not applicable.

 

 

 

Loan No. 7 – The Stanwix – The Trust Subordinate Companion Loan ($30.0 million) will be held by the CF 2019-CF2 securitization trust and will solely back the Loan-Specific Certificates (and will not be part of the pool of Mortgage Loans backing the Pooled Certificates). The Cut-off Date LTV Ratio (%), Underwritten NOI Debt Yield ($) and Underwritten Net Cash Flow DSCR (x) based on The Stanwix Whole Loan as a whole are 60.8%, 6.7% and 1.62x, respectively. The Administrative Cost Rate (%) for the Loan-Specific Certificates is equal to 0.030560%.

 

 

 

Loan No. 9 – Southbridge Park – Historical cashflows are “not applicable”. The borrower is a not-for-profit residential cooperative that sets maintenance fees to cover current expenses and plan for future capital needs. The borrower can increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves. The historical NOI figures are not representative of the cash flow that would be generated by the Southbridge Park Property if it were operated as a multifamily rental property.

 

 

 

Loan No. 9 – Southbridge Park – Historical Occupancy for the Southbridge Park Property is not reported as all residential units are owned by tenant-shareholders. The appraisal reported occupancy as of July 2, 2019 of 96.0%, which reflects the vacancy assumption for purposes of determining the appraised value of the Southbridge Park Property as a multifamily rental property as of the appraisal valuation date.

 

 

 

Loan No. 11 – Gemstone – Inland Portfolio – The 943 pads are comprised of 625 manufactured housing pads, 307 RV pads and 11 apartments, with 17 of the manufactured housing pads and 17 of the RV pads containing homes owned by an affiliate of the borrowers.

 

 

 

Loan No. 16 – BWAY Facilities – The BWAY Facilities Borrower acquired the BWAY Facilities properties in May 2019. As a result, Historical Financials and Historical Occupancy are not applicable.

 

 

(27)

The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, asset representations reviewer fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other   

A-1-45 

 

 

related servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. 

 

 

(28)

Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service, the average of such interest only payments). 

 

 

(29)

“Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all (or most) credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash (or in some cases, over a certain dollar amount) and checks and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lender controlled lockbox and the borrower and/or the property manager are required to deposit all rents collected from the tenants into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lender controlled lockbox account and to direct each tenant to deposit its rents directly to the lender-controlled lockbox. “Soft Springing Hard” means that prior to the securitization closing date, a soft lockbox was established for such Mortgage Loan and upon a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to direct each tenant to deposit its rents directly into a lender-controlled lockbox.

 

 

(30)

“In Place” means that amounts in the lender controlled lockbox account are applied to pay debt service, reserves and any other payment amounts due under (and as specified in) the related Mortgage Loan documents, prior to the disbursement of any excess cash either to the related borrower or to a lender controlled account to be held as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), amounts in the lockbox account (which may have been put in place in connection with the trigger) will be applied as described above in the definition of “In Place” cash management (as described above). Springing cash management will continue until all trigger events are cured (to the extent set forth in the related Mortgage Loan documents (including that under some circumstance a cure is not permitted under the related Mortgage Loan documents)).

 

 

(31)

The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this preliminary prospectus.

 

 

(32)

Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.

 

 

 

“LO(x)” means lock-out for x payments.

 

 

 

“DEF(x)” means may be defeased for x payments.

 

 

 

“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.

 

 

 

“DorYM1 (x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.

 

 

 

“O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date.

 

 

 

Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this preliminary prospectus.

 

A-1-46