FWP 1 n1040_anxa1-x8.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207340-04
     

 

     
     
 

UBS Commercial Mortgage Trust 2017-C4 Disclaimer

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-207340) 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 SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-877-713-1030 (8 a.m. – 5 p.m. EST).

 

Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.

 

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

 

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of UBS Securities LLC, SG Americas Securities, LLC, CIBC World Market Corp., Natixis Securities Americas LLC,. or Academy Securities, Inc., or any of their respective affiliates, make 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. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.

 

This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.

 

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

 

The information herein is preliminary and may be supplemented or amended prior to the time of sale. In addition, 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.

 

The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.

 

The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

 

Any legends, disclaimers or other notices that may appear at the bottom of any 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) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

  
     
     

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Mortgage Loan Seller(1) Mortgage Loan Originator Cross-Collateralized
and Cross-Defaulted		 Address City County State Zip Code General Property Type(24) Specific Property Type Number of Properties Year Built Year Renovated
1 Loan 237 Park Avenue SG MS; SG No 237 Park Avenue New York New York NY 10017 Office CBD 1 1914 2017
2 Loan Preston Hollow RMF RMF No 7939 Walnut Hill Lane Dallas Dallas TX 75230 Mixed Use Retail/Office 1 2013-2015 N/A
3 Loan Park West Village UBS AG UBS AG; Athene Annuity and Life Company; Athene Annuity & Life Assurance Company No 784, 788 & 792 Columbus Avenue New York New York NY 10025 Multifamily High Rise 1 1950, 1958, 1963 2014-2017
4 Loan The District UBS AG UBS AG No 11400-11800 South Bangerter Highway South Jordan Salt Lake UT 84065 Retail Anchored 1 2006-2014 N/A
5 Loan Embassy Suites - Brea SG SG No 900 East Birch Street Brea Orange CA 92821 Hospitality Full Service 1 1990 2017
6 Loan 245 Park Avenue Natixis JPMCB; Natixis; DBNY; Barclays; SG No 245 Park Avenue New York New York NY 10167 Office CBD 1 1965 2006
7 Loan Hilton Garden Inn Irvine/Orange County Airport RMF RMF No 2381 Morse Avenue Irvine Orange CA 92614 Hospitality Select Service 1 2015 N/A
8 Loan 144 South Harrison CIBC CIBC No 144 South Harrison Street East Orange Essex NJ 07018 Multifamily High Rise 1 2017 N/A
9 Loan Fairmount at Brewerytown UBS AG UBS AG No 3000-3050 Master Street a/k/a 1363 North 31st Street Philadelphia Philadelphia PA 19121 Multifamily Mid Rise 1 1928 2016
10 Loan 50 Varick Street LCF LCF No 50 Varick Street New York New York NY 10013 Office CBD 1 1960 2013
11 Loan DoubleTree Orlando LCF LCF No 60 South Ivanhoe Boulevard Orlando Orange FL 32804 Hospitality Full Service 1 1985 2016
12 Loan Meridian Sunrise Village UBS AG UBS AG No 10507 156th Street East Puyallup Pierce WA 98374 Retail Lifestyle Center 1 2007-2008 N/A
13 Loan 4055 10th Avenue SG SG No 4055 10th Avenue New York New York NY 10034 Office Urban 1 2007 N/A
14 Loan 1600 Corporate Center SG SG No 1600 West Golf Road Rolling Meadows Cook IL 60008 Office Suburban 1 1986 N/A
15 Loan Bank of America Office Campus Building 600 LCF LCF No 9000 Southside Boulevard Building 600 Jacksonville Duval FL 32256 Office Suburban 1 1989 2017
16 Loan Hamilton Business Center LCF LCF No South Gold Drive & Marlen Drive Hamilton Township Mercer NJ 08691 Industrial Flex 1 1973-1982 N/A
17 Loan Courtyard St. Louis Downtown Convention Center CIBC CIBC No 823-827 Washington Avenue St. Louis St. Louis MO 63101 Hospitality Select Service 1 1929 2015
18 Loan Grandview Shopping Center RMF RMF No 8005-8135 Callaghan Road San Antonio Bexar TX 78230 Retail Anchored 1 1978 2013
19 Loan Macedonia Commons LCF LCF No 8210 Macedonia Commons Boulevard Macedonia Summit OH 44056 Retail Anchored 1 1994 N/A
20 Loan Park Millennium Garage RMF RMF No 222 North Columbus Drive Chicago Cook IL 60601 Other Garage 1 2002 N/A
21 Loan Coconut Grove Marketplace UBS AG UBS AG No 75-5815 Ali’i Drive Kailua-Kona Hawaii HI 96740 Retail Anchored 1 1989 2005
22 Loan Troy Portfolio CIBC CIBC No Various Troy Oakland MI Various Industrial Various 12 Various N/A
22.01 Property 894 Maplelawn Drive CIBC CIBC No 894 Maplelawn Drive Troy Oakland MI 48084 Industrial Flex 1 1986 N/A
22.02 Property 1352-1374 Rankin Drive CIBC CIBC No 1352-1374 Rankin Drive Troy Oakland MI 48083 Industrial Warehouse 1 1981 N/A
22.03 Property 1409 Allen Drive CIBC CIBC No 1409 Allen Drive Troy Oakland MI 48083 Industrial Warehouse 1 1978 N/A
22.04 Property 1151 Allen Drive CIBC CIBC No 1151 Allen Drive Troy Oakland MI 48083 Industrial Warehouse 1 1974 N/A
22.05 Property 1324-1346 Rankin Drive CIBC CIBC No 1324-1346 Rankin Drive Troy Oakland MI 48083 Industrial Warehouse 1 1979-1981 N/A
22.06 Property 2354-2360 Bellingham Drive CIBC CIBC No 2354-2360 Bellingham Drive Troy Oakland MI 48083 Industrial Flex 1 1986; 1990 N/A
22.07 Property 1376-1400 Rankin Drive CIBC CIBC No 1376-1400 Rankin Drive Troy Oakland MI 48083 Industrial Warehouse 1 1979-1981 N/A
22.08 Property 1301-1307 Rankin Drive CIBC CIBC No 1301-1307 Rankin Drive Troy Oakland MI 48083 Industrial Warehouse 1 1978 N/A
22.09 Property 1101 Allen Drive CIBC CIBC No 1101 Allen Drive Troy Oakland MI 48083 Industrial Warehouse 1 1976 N/A
22.10 Property 1350 Rankin Drive CIBC CIBC No 1350 Rankin Drive Troy Oakland MI 48083 Industrial Warehouse 1 1982 N/A
22.11 Property 1290 Maplelawn Drive CIBC CIBC No 1290 Maplelawn Drive Troy Oakland MI 48084 Industrial Warehouse 1 1984 N/A
22.12 Property 1300-1322 Rankin Drive CIBC CIBC No 1300-1322 Rankin Drive Troy Oakland MI 48083 Industrial Warehouse 1 1979; 1981 N/A
23 Loan DoubleTree Berkeley Marina UBS AG CCRE No 200 Marina Boulevard Berkeley Alameda CA 94710 Hospitality Full Service 1 1972, 1985 2012, 2014-2016
24 Loan GM Logistics Center 3 SG SG No 268 Commonwealth Boulevard Bowling Green Warren KY 42101 Industrial Warehouse/Distribution 1 2017 N/A
25 Loan Tuscany at St. Francis CIBC CIBC No 2218 Miguel Chavez Road Santa Fe Santa Fe NM 87505 Multifamily Garden 1 2000 2016
26 Loan Floor & Décor / Garden Fresh Market LCF LCF No Various Various Various IL Various Retail Anchored 2 Various Various
26.01 Property Garden Fresh Market LCF LCF No 400 Townline Road Mundelein Lake IL 60060 Retail Anchored 1 1995 N/A
26.02 Property Floor & Décor LCF LCF No 600 East Rand Road Arlington Heights Cook IL 60004 Retail Anchored 1 1983 2013
27 Loan Hagerstown Multifamily Portfolio CIBC CIBC No Various Various Various Various Various Multifamily Garden 5 Various N/A
27.01 Property Progress Homes CIBC CIBC No 3736-3801 Oakley Lane; 378-438 Channing Drive Greencastle; Chambersburg Franklin PA 17225 Multifamily Garden 1 2008 N/A
27.02 Property Pangborn CIBC CIBC No 501-565 Papa Court Hagerstown Washington MD 21740 Multifamily Garden 1 2005-2006 N/A
27.03 Property Walnut Point CIBC CIBC No 11855-11885 White Pine Drive Hagerstown Washington MD 21740 Multifamily Garden 1 2005-2007 N/A
27.04 Property Vetra Lane & Virginia Avenue CIBC CIBC No 10806, 10808, 10812, 10814, 10818, 10820 Vetra Lane and 16620A, 16620B Virginia Ave Williamsport Washington MD 21795 Multifamily Garden 1 2007 N/A
27.05 Property Dianne Drive CIBC CIBC No 1014, 1016, 1020, 1022, 1040, 1042, 1064, 1066 Dianne Lane Waynesboro Franklin PA 17268 Multifamily Garden 1 2008 N/A
28 Loan Sarasota Retail Portfolio UBS AG UBS AG No Various Sarasota Sarasota FL 34236 Retail Unanchored 4 Various N/A
28.01 Property 326-330 St. Armand’s Circle UBS AG UBS AG No 326-330 John Ringling Boulevard Sarasota Sarasota FL 34236 Retail Unanchored 1 1959 N/A
28.02 Property 382-386 St. Armand’s Circle UBS AG UBS AG No 382-386 St. Armand’s Circle Sarasota Sarasota FL 34236 Retail Unanchored 1 1953 N/A
28.03 Property 380 A&B St. Armand’s Circle UBS AG UBS AG No 380 St. Armand’s Circle Sarasota Sarasota FL 34236 Retail Unanchored 1 1953 N/A
28.04 Property 374 St. Armand’s Circle UBS AG UBS AG No 374 St. Armand’s Circle Sarasota Sarasota FL 34236 Retail Unanchored 1 1963 N/A
29 Loan JW Marriott Chicago Natixis Natixis No 151 West Adams Street Chicago Cook IL 60603 Hospitality Full Service 1 1914 2010
30 Loan 221-223 W. Ohio & 215 W. Ohio CIBC CIBC No 215, 221, 223 West Ohio Street Chicago Cook IL 60654 Office CBD 1 1880 2017
31 Loan The Boardwalk LCF LCF No 5895 Katella Avenue Cypress Orange CA 90630 Retail Unanchored 1 1998 2017
32 Loan Town & Country Shopping Center Portfolio UBS AG UBS AG No Various McAllen Hidalgo TX 78504 Various Various 2 Various N/A
32.01 Property Town & Country Shopping Center UBS AG UBS AG No 4901-5115 North 10th Street McAllen Hidalgo TX 78504 Retail Anchored 1 1977 N/A
32.02 Property Grand Junction Veterinary Clinic UBS AG UBS AG No 6001 North 10th Street McAllen Hidalgo TX 78504 Office Medical 1 1998 N/A
33 Loan TZA Multifamily Portfolio I SG SG No Various Various Various FL Various Multifamily Garden 14 Various Various
33.01 Property Rolling Hills SG SG No 5402 Pine Chase Drive Orlando Orange FL 32808 Multifamily Garden 1 1995 2014; 2015
33.02 Property Lakeland Manor SG SG No 929 Gilmore Avenue Lakeland Polk FL 33801 Multifamily Garden 1 1965; 1970; 1972 N/A
33.03 Property Kings Trail SG SG No 3770 Toledo Road Jacksonville Duval FL 32217 Multifamily Garden 1 1968 N/A
33.04 Property Bella Mar SG SG No 12406 North 15th Street Tampa Hillsborough FL 33612 Multifamily Garden 1 1972 N/A
33.05 Property Del Rio SG SG No 5013 East Sligh Avenue Tampa Hillsborough FL 33617 Multifamily Garden 1 1982 N/A
33.06 Property Timberfalls SG SG No 2600 East 113th Avenue Tampa Hillsborough FL 33612 Multifamily Garden 1 1972 2017
33.07 Property Jacksonville Heights SG SG No 8050 103rd Street Jacksonville Duval FL 32210 Multifamily Garden 1 1970 N/A
33.08 Property Lago Bello SG SG No 13533 Gragston Circle Tampa Hillsborough FL 33613 Multifamily Garden 1 1984 N/A
33.09 Property North Washington SG SG No 1877 19th Street Sarasota Sarasota FL 34234 Multifamily Garden 1 1961 N/A
33.10 Property Tanglewood SG SG No 2811 Ruleme Street Eustis Lake FL 32736 Multifamily Garden 1 1972 N/A
33.11 Property Mount Dora SG SG No 3001 Northland Road Mount Dora Lake FL 32757 Multifamily Garden 1 1986 N/A
33.12 Property Brandywyne SG SG No 418 19th Street Southeast Winter Haven Polk FL 33884 Multifamily Garden 1 1980 N/A
33.13 Property The Landings SG SG No 102 Landings Way Winter Haven Polk FL 33880 Multifamily Garden 1 1984 2015
33.14 Property Country Place SG SG No 3950 Country Place Winter Haven Polk FL 33880 Multifamily Garden 1 1984 N/A
34 Loan Union Town Centre LCF LCF No 5850 West Highway 74 Indian Trail Union NC 28079 Retail Anchored 1 1999-2004 N/A
35 Loan Holiday Inn Express - Costa Mesa RMF RMF No 2070 Newport Boulevard Costa Mesa Orange CA 92627 Hospitality Limited Service 1 1989 2013-2014
36 Loan State Street Shopping Center UBS AG UBS AG No 2413, 2510, 2511, 2512, 2600 and 2614 State Street East Saint Louis St. Clair IL 62205 Retail Anchored 1 1989, 1999, 2000, 2003, 2006 N/A
37 Loan Northside Drive Portfolio CIBC CIBC No Various Macon Bibb GA 31210 Multifamily Garden 2 1984 2015
37.01 Property Whispering Woods CIBC CIBC No 4411 Northside Drive Macon Bibb GA 31210 Multifamily Garden 1 1984 2015
37.02 Property Ashley Woods CIBC CIBC No 3900 Northside Drive Macon Bibb GA 31210 Multifamily Garden 1 1984 2015
38 Loan Fountain Plaza CIBC CIBC No 23461 South Pointe Drive Laguna Hills Orange CA 92653 Office Suburban 1 1981 2005
39 Loan Laird Vehicle R&D Facility RMF RMF No 8100 Industrial Park Drive Grand Blanc Genesee MI 48439 Industrial Flex 1 2016 N/A
40 Loan Village at Westfork LCF LCF No 610-640 Thornton Road Lithia Springs Douglas GA 30122 Retail Anchored 1 1994 N/A
41 Loan Red Roof Inn Erlanger Natixis Natixis No 630 Donaldson Road Erlanger Kenton KY 41018 Hospitality Limited Service 1 1977 2014
42 Loan 401 West Ontario Natixis Natixis No 401 West Ontario Chicago Cook IL 60654 Office CBD 1 1950 2016
43 Loan Candlewood Suites Chambersburg RMF RMF No 231 Walker Road Chambersburg Franklin PA 17201 Hospitality Extended Stay 1 2011 N/A
44 Loan Holiday Inn Express & Suites Duncan CIBC CIBC No 275 Frontage Road Duncan Spartanburg SC 29334 Hospitality Limited Service 1 2002 2010
45 Loan Del Amo Fashion Center SG BANA; SG; WFB; Barclays No 3525 West Carson Street Torrance Los Angeles CA 90503 Retail Super Regional Mall 1 1961 2017
46 Loan Arizona Net Lease Properties UBS AG UBS AG No Various Various Maricopa AZ Various Retail Single Tenant 2 Various N/A
46.01 Property Tutor Time UBS AG UBS AG No 2050 West Ray Road Chandler Maricopa AZ 85224 Retail Single Tenant 1 2004 N/A
46.02 Property Drive Time UBS AG UBS AG No 5104 West Glendale Avenue Glendale Maricopa AZ 85301 Retail Single Tenant 1 1997 N/A
47 Loan Ephrata Commons CIBC CIBC No 385 North Reading Road Ephrata Lancaster PA 17522 Retail Anchored 1 1986 2015
48 Loan 6065 Hillcroft Plaza LCF LCF No 6065 Hillcroft Plaza Houston Harris TX 77081 Office CBD 1 1971 2017
49 Loan Flamingo Village Plaza CIBC CIBC No 4135-4175 South Buffalo Drive Las Vegas Clark NV 89147 Retail Unanchored 1 1999 N/A
50 Loan 3 Industrial Court CIBC CIBC No 3 Industrial Court Howell Monmouth NJ 07728 Industrial Flex 1 1998 N/A

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Number of Units(3)(13) Unit of Measure Cut-off Date Balance Per Unit/SF(4) Original Balance(4) Cut-off Date Balance(4) % of Aggregate Cut-off Date Balance Maturity Date or Anticipated Repayment Date Maturity Balance ARD Final Maturity Date Origination Date First Pay Date Payment Day Gross Mortgage Rate Administrative Fee Rate                          
1 Loan 237 Park Avenue 1,251,717 Sq. Ft. 278 50,000,000 50,000,000 6.1% 8/9/2027 50,000,000 No N/A 7/26/2017 9/9/2017 9 3.751544% 0.014500%                          
2 Loan Preston Hollow 131,222 Sq. Ft. 368 48,250,000 48,250,000 5.9% 8/6/2027 48,250,000 No N/A 8/11/2017 9/6/2017 6 4.740000% 0.015750%                          
3 Loan Park West Village 852 Units 140,845 40,000,000 40,000,000 4.9% 8/6/2022 40,000,000 No N/A 7/19/2017 9/6/2017 6 2.620000% 0.015750%                          
4 Loan The District 612,102 Sq. Ft. 130 40,000,000 39,901,208 4.9% 8/6/2027 32,433,224 No N/A 8/4/2017 9/6/2017 6 4.586200% 0.016046%                          
5 Loan Embassy Suites - Brea 228 Rooms 168,904 38,510,000 38,510,000 4.7% 8/1/2027 33,161,428 No N/A 7/7/2017 9/1/2017 1 4.810000% 0.015750%                          
6 Loan 245 Park Avenue 1,723,993 Sq. Ft. 626 31,000,000 31,000,000 3.8% 6/1/2027 31,000,000 No N/A 5/5/2017 7/1/2017 1 3.669400% 0.012800%                          
7 Loan Hilton Garden Inn Irvine/Orange County Airport 170 Rooms 179,315 30,600,000 30,483,486 3.7% 7/6/2027 24,637,477 No N/A 6/28/2017 8/6/2017 6 4.380000% 0.015750%                          
8 Loan 144 South Harrison 156 Units 194,231 30,300,000 30,300,000 3.7% 8/1/2027 26,526,388 No N/A 7/31/2017 9/1/2017 1 4.510000% 0.015750%                          
9 Loan Fairmount at Brewerytown 161 Units 173,913 28,000,000 28,000,000 3.4% 9/6/2027 28,000,000 No N/A 8/17/2017 10/6/2017 6 5.000000% 0.015750%                          
10 Loan 50 Varick Street 158,574 Sq. Ft. 491 25,500,000 25,500,000 3.1% 9/6/2027 25,500,000 No N/A 8/7/2017 10/6/2017 6 4.150000% 0.015750%                          
11 Loan DoubleTree Orlando 342 Rooms 74,269 25,400,000 25,400,000 3.1% 9/6/2027 22,104,025 No N/A 8/24/2017 10/6/2017 6 4.748000% 0.015750%                          
12 Loan Meridian Sunrise Village 225,217 Sq. Ft. 200 25,000,000 25,000,000 3.1% 10/6/2027 25,000,000 No N/A 9/19/2017 11/6/2017 6 4.620000% 0.033250%                          
13 Loan 4055 10th Avenue 64,628 Sq. Ft. 379 24,500,000 24,500,000 3.0% 10/1/2027 20,141,121 No N/A 9/11/2017 11/1/2017 1 5.000000% 0.015750%                          
14 Loan 1600 Corporate Center 256,238 Sq. Ft. 89 22,780,000 22,780,000 2.8% 10/1/2027 18,384,328 No N/A 9/12/2017 11/1/2017 1 4.450000% 0.015750%                          
15 Loan Bank of America Office Campus Building 600 297,026 Sq. Ft. 101 20,000,000 20,000,000 2.4% 9/6/2027 20,000,000 Yes 10/6/2031 5/23/2017 7/6/2017 6 5.020000% 0.015750%                          
16 Loan Hamilton Business Center 285,299 Sq. Ft. 64 18,200,000 18,200,000 2.2% 7/6/2027 15,183,338 No N/A 7/6/2017 8/6/2017 6 4.595000% 0.015750%                          
17 Loan Courtyard St. Louis Downtown Convention Center 165 Rooms 106,758 17,615,000 17,615,000 2.2% 9/1/2027 14,901,624 No N/A 9/1/2017 10/1/2017 1 4.610000% 0.015750%                          
18 Loan Grandview Shopping Center 103,287 Sq. Ft. 158 16,350,000 16,350,000 2.0% 9/6/2027 14,107,467 No N/A 9/7/2017 10/6/2017 6 4.890000% 0.015750%                          
19 Loan Macedonia Commons 312,216 Sq. Ft. 110 16,200,000 16,200,000 2.0% 9/6/2027 14,162,186 No N/A 8/30/2017 10/6/2017 6 4.450000% 0.015750%                          
20 Loan Park Millennium Garage 523 Spaces 29,063 15,200,000 15,200,000 1.9% 10/6/2027 15,200,000 No N/A 9/14/2017 11/6/2017 6 5.310000% 0.015750%                          
21 Loan Coconut Grove Marketplace 47,863 Sq. Ft. 316 15,116,000 15,116,000 1.8% 9/6/2027 13,275,301 No N/A 8/31/2017 10/6/2017 6 4.650000% 0.053250%                          
22 Loan Troy Portfolio 392,739 Sq. Ft. 38 14,750,000 14,750,000 1.8% 9/1/2027 12,607,642 No N/A 8/31/2017 10/1/2017 1 4.530000% 0.015750%                          
22.01 Property 894 Maplelawn Drive 32,868 Sq. Ft.   1,978,800 1,978,800 0.2%   1,691,390                                        
22.02 Property 1352-1374 Rankin Drive 38,400 Sq. Ft.   1,666,000 1,666,000 0.2%   1,424,023                                        
22.03 Property 1409 Allen Drive 40,000 Sq. Ft.   1,564,000 1,564,000 0.2%   1,336,838                                        
22.04 Property 1151 Allen Drive 41,200 Sq. Ft.   1,491,086 1,491,086 0.2%   1,274,513                                        
22.05 Property 1324-1346 Rankin Drive 33,600 Sq. Ft.   1,434,800 1,434,800 0.2%   1,226,403                                        
22.06 Property 2354-2360 Bellingham Drive 39,535 Sq. Ft.   1,327,232 1,327,232 0.2%   1,134,459                                        
22.07 Property 1376-1400 Rankin Drive 33,640 Sq. Ft.   1,190,000 1,190,000 0.1%   1,017,159                                        
22.08 Property 1301-1307 Rankin Drive 28,000 Sq. Ft.   1,081,200 1,081,200 0.1%   924,162                                        
22.09 Property 1101 Allen Drive 24,582 Sq. Ft.   1,067,600 1,067,600 0.1%   912,537                                        
22.10 Property 1350 Rankin Drive 28,000 Sq. Ft.   936,880 936,880 0.1%   800,803                                        
22.11 Property 1290 Maplelawn Drive 19,314 Sq. Ft.   761,600 761,600 0.1%   650,982                                        
22.12 Property 1300-1322 Rankin Drive 33,600 Sq. Ft.   250,802 250,802 0.0%   214,375                                        
23 Loan DoubleTree Berkeley Marina 378 Rooms 138,889 13,750,000 13,750,000 1.7% 9/6/2027 11,986,613 No N/A 8/9/2017 10/6/2017 6 4.820000% 0.015750%                          
24 Loan GM Logistics Center 3 301,947 Sq. Ft. 46 13,750,000 13,750,000 1.7% 10/1/2027 9,928,852 No N/A 9/7/2017 11/1/2017 1 4.080000% 0.055750%                          
25 Loan Tuscany at St. Francis 176 Units 75,284 13,250,000 13,250,000 1.6% 9/1/2027 13,250,000 No N/A 8/18/2017 10/1/2017 1 4.360000% 0.015750%                          
26 Loan Floor & Décor / Garden Fresh Market 173,821 Sq. Ft. 74 12,900,130 12,900,130 1.6% 10/6/2027 10,758,400 No N/A 9/14/2017 11/6/2017 6 5.450000% 0.015750%                          
26.01 Property Garden Fresh Market 98,921 Sq. Ft.   6,507,600 6,507,600 0.8%   5,427,183                                        
26.02 Property Floor & Décor 74,900 Sq. Ft.   6,392,530 6,392,530 0.8%   5,331,217                                        
27 Loan Hagerstown Multifamily Portfolio 110 Units 108,039 11,900,000 11,884,301 1.5% 9/1/2027 9,616,511 No N/A 9/1/2017 10/1/2017 1 4.490000% 0.015750%                          
27.01 Property Progress Homes 45 Units   4,266,236 4,260,608 0.5%   3,447,589                                        
27.02 Property Pangborn 27 Units   3,063,297 3,059,256 0.4%   2,475,482                                        
27.03 Property Walnut Point 22 Units   2,783,544 2,779,872 0.3%   2,249,411                                        
27.04 Property Vetra Lane & Virginia Avenue 8 Units   895,210 894,029 0.1%   723,428                                        
27.05 Property Dianne Drive 8 Units   891,713 890,537 0.1%   720,603                                        
28 Loan Sarasota Retail Portfolio 16,281 Sq. Ft. 700 11,400,000 11,400,000 1.4% 8/6/2027 10,494,636 No N/A 8/11/2017 9/6/2017 6 4.881000% 0.015750%                          
28.01 Property 326-330 St. Armand’s Circle 7,247 Sq. Ft.   3,910,000 3,910,000 0.5%   3,599,476                                        
28.02 Property 382-386 St. Armand’s Circle 3,934 Sq. Ft.   2,840,000 2,840,000 0.3%   2,614,453                                        
28.03 Property 380 A&B St. Armand’s Circle 2,900 Sq. Ft.   2,490,000 2,490,000 0.3%   2,292,249                                        
28.04 Property 374 St. Armand’s Circle 2,200 Sq. Ft.   2,160,000 2,160,000 0.3%   1,988,457                                        
29 Loan JW Marriott Chicago 610 Rooms 130,000 10,800,000 10,800,000 1.3% 8/5/2022 10,800,000 No N/A 7/21/2017 9/5/2017 5 4.044100% 0.014050%                          
30 Loan 221-223 W. Ohio & 215 W. Ohio 60,345 Sq. Ft. 159 9,600,000 9,600,000 1.2% 9/1/2027 8,127,939 No N/A 8/29/2017 10/1/2017 1 4.180000% 0.015750%                          
31 Loan The Boardwalk 13,700 Sq. Ft. 620 8,500,000 8,500,000 1.0% 10/6/2027 7,235,645 No N/A 9/7/2017 11/6/2017 6 4.376000% 0.015750%                          
32 Loan Town & Country Shopping Center Portfolio 91,306 Sq. Ft. 91 8,350,000 8,350,000 1.0% 9/6/2027 7,226,001 No N/A 9/5/2017 10/6/2017 6 4.520800% 0.015750%                          
32.01 Property Town & Country Shopping Center 86,524 Sq. Ft.   7,442,993 7,442,993 0.9%   6,441,087                                        
32.02 Property Grand Junction Veterinary Clinic 4,782 Sq. Ft.   907,007 907,007 0.1%   784,914                                        
33 Loan TZA Multifamily Portfolio I 2,382 Units 45,340 8,000,000 8,000,000 1.0% 7/1/2027 7,073,644 No N/A 6/23/2017 8/1/2017 1 4.950000% 0.015750%                          
33.01 Property Rolling Hills 240 Units   1,207,393 1,207,393 0.1%   1,067,583                                        
33.02 Property Lakeland Manor 373 Units   1,080,270 1,080,270 0.1%   955,181                                        
33.03 Property Kings Trail 320 Units   970,606 970,606 0.1%   858,216                                        
33.04 Property Bella Mar 264 Units   854,941 854,941 0.1%   755,943                                        
33.05 Property Del Rio 160 Units   673,805 673,805 0.1%   595,782                                        
33.06 Property Timberfalls 184 Units   608,879 608,879 0.1%   538,374                                        
33.07 Property Jacksonville Heights 173 Units   531,951 531,951 0.1%   470,354                                        
33.08 Property Lago Bello 120 Units   474,119 474,119 0.1%   419,218                                        
33.09 Property North Washington 119 Units   432,654 432,654 0.1%   382,554                                        
33.10 Property Tanglewood 138 Units   355,180 355,180 0.0%   314,052                                        
33.11 Property Mount Dora 132 Units   352,997 352,997 0.0%   312,123                                        
33.12 Property Brandywyne 81 Units   242,788 242,788 0.0%   214,674                                        
33.13 Property The Landings 60 Units   158,767 158,767 0.0%   140,383                                        
33.14 Property Country Place 18 Units   55,650 55,650 0.0%   49,207                                        
34 Loan Union Town Centre 102,360 Sq. Ft. 78 8,000,000 8,000,000 1.0% 9/6/2027 6,628,301 No N/A 8/11/2017 10/6/2017 6 4.374000% 0.015750%                          
35 Loan Holiday Inn Express - Costa Mesa 62 Rooms 126,934 7,900,000 7,869,920 1.0% 7/6/2027 6,360,655 No N/A 6/28/2017 8/6/2017 6 4.380000% 0.015750%                          
36 Loan State Street Shopping Center 118,609 Sq. Ft. 65 7,650,000 7,650,000 0.9% 10/6/2027 6,288,963 No N/A 9/18/2017 11/6/2017 6 5.000000% 0.015750%                          
37 Loan Northside Drive Portfolio 204 Units 37,500 7,650,000 7,650,000 0.9% 9/1/2022 7,183,983 No N/A 8/29/2017 10/1/2017 1 4.970000% 0.015750%                          
37.01 Property Whispering Woods 108 Units   4,425,000 4,425,000 0.5%   4,155,441                                        
37.02 Property Ashley Woods 96 Units   3,225,000 3,225,000 0.4%   3,028,542                                        
38 Loan Fountain Plaza 54,055 Sq. Ft. 135 7,300,000 7,300,000 0.9% 10/1/2027 5,887,306 No N/A 9/14/2017 11/1/2017 1 4.430000% 0.015750%                          
39 Loan Laird Vehicle R&D Facility 43,243 Sq. Ft. 167 7,250,000 7,237,157 0.9% 9/6/2027 5,348,295 No N/A 8/31/2017 10/6/2017 6 4.640000% 0.063250%                          
40 Loan Village at Westfork 75,947 Sq. Ft. 92 7,000,000 7,000,000 0.9% 9/6/2027 7,000,000 No N/A 8/16/2017 10/6/2017 6 4.082000% 0.015750%                          
41 Loan Red Roof Inn Erlanger 144 Rooms 46,667 6,750,000 6,719,976 0.8% 5/5/2027 5,736,952 No N/A 5/4/2017 6/5/2017 5 6.072000% 0.015750%                          
42 Loan 401 West Ontario 40,790 Sq. Ft. 158 6,425,000 6,425,000 0.8% 9/5/2027 5,557,915 No N/A 9/1/2017 10/5/2017 5 4.990000% 0.015750%                          
43 Loan Candlewood Suites Chambersburg 70 Rooms 88,388 6,200,000 6,187,184 0.8% 8/6/2027 5,169,152 No N/A 7/19/2017 9/6/2017 6 5.440000% 0.015750%                          
44 Loan Holiday Inn Express & Suites Duncan 75 Rooms 78,034 5,900,000 5,852,524 0.7% 5/1/2027 4,411,599 No N/A 4/25/2017 6/1/2017 1 5.000000% 0.015750%                          
45 Loan Del Amo Fashion Center 1,769,525 Sq. Ft. 260 5,000,000 5,000,000 0.6% 6/1/2027 5,000,000 No N/A 5/12/2017 7/1/2017 1 3.657500% 0.014500%                          
46 Loan Arizona Net Lease Properties 20,068 Sq. Ft. 249 5,000,000 4,991,286 0.6% 9/6/2027 3,703,639 No N/A 9/11/2017 10/6/2017 6 4.750000% 0.015750%                          
46.01 Property Tutor Time 14,995 Sq. Ft.   3,100,000 3,094,597 0.4%   2,296,256                                        
46.02 Property Drive Time 5,073 Sq. Ft.   1,900,000 1,896,689 0.2%   1,407,383                                        
47 Loan Ephrata Commons 54,810 Sq. Ft. 82 4,575,000 4,515,231 0.6% 12/1/2026 3,689,503 No N/A 11/4/2016 1/1/2017 1 4.430000% 0.015750%                          
48 Loan 6065 Hillcroft Plaza 61,881 Sq. Ft. 69 4,250,000 4,244,422 0.5% 9/6/2027 3,437,772 No N/A 8/9/2017 10/6/2017 6 4.518000% 0.015750%                          
49 Loan Flamingo Village Plaza 21,620 Sq. Ft. 183 3,975,000 3,956,734 0.5% 6/1/2027 3,263,640 No N/A 5/5/2017 7/1/2017 1 4.960000% 0.015750%                          
50 Loan 3 Industrial Court 45,000 Sq. Ft. 56 2,500,000 2,500,000 0.3% 10/1/2027 2,039,656 No N/A 9/12/2017 11/1/2017 1 4.770000% 0.015750%                          

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Net Mortgage Rate ARD Rate Interest Accrual Method Monthly Debt Service Payment Amortization Type Original Term to Maturity or ARD Remaining Term to Maturity or ARD Original IO Term Remaining IO Term Original Amortization Term Remaining Amortization Term Seasoning Prepayment Provisions(6)(7) Grace Period Default Grace Period Late                                                    
1 Loan 237 Park Avenue 3.737044% N/A Actual/360 158,485.35  Full IO 120 118 120 118 0 0 2 LO(26);DEF(87);O(7) 0 5                                                    
2 Loan Preston Hollow 4.724250% N/A Actual/360 193,234.55  Full IO 120 118 120 118 0 0 2 LO(24);YM1(92);O(4) 0 0                                                    
3 Loan Park West Village 2.604250% N/A Actual/360 88,546.30  Full IO 60 58 60 58 0 0 2 LO(26);DEF(30);O(4) 0 0                                                    
4 Loan The District 4.570155% N/A Actual/360 204,727.98  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0                                                    
5 Loan Embassy Suites - Brea 4.794250% N/A Actual/360 202,281.47  Partial IO 120 118 24 22 360 360 2 LO(26);DEF(90);O(4) 5 0                                                    
6 Loan 245 Park Avenue 3.656600% N/A Actual/360 96,109.40  Full IO 120 116 120 116 0 0 4 LO(28);DEF(88);O(4) 0 0                                                    
7 Loan Hilton Garden Inn Irvine/Orange County Airport 4.364250% N/A Actual/360 152,871.55  Amortizing 120 117 0 0 360 357 3 LO(27);DEF(89);O(4) 0 0                                                    
8 Loan 144 South Harrison 4.494250% N/A Actual/360 153,705.74  Partial IO 120 118 36 34 360 360 2 LO(26);DEF(91);O(3) 7 7                                                    
9 Loan Fairmount at Brewerytown 4.984250% N/A Actual/360 118,287.04  Full IO 120 119 120 119 0 0 1 LO(25);DEF(91);O(4) 0 0                                                    
10 Loan 50 Varick Street 4.134250% N/A Actual/360 89,412.33  Full IO 120 119 120 119 0 0 1 LO(25);DEF(92);O(3) 0 0                                                    
11 Loan DoubleTree Orlando 4.732250% N/A Actual/360 132,467.81  Partial IO 120 119 30 29 360 360 1 LO(25);DEF(91);O(4) 0 0                                                    
12 Loan Meridian Sunrise Village 4.586750% N/A Actual/360 97,586.81  Full IO 120 120 120 120 0 0 0 LO(24);DEF(92);O(4) 0 0                                                    
13 Loan 4055 10th Avenue 4.984250% N/A Actual/360 131,521.30  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(92);O(4) 0 0                                                    
14 Loan 1600 Corporate Center 4.434250% N/A Actual/360 114,747.13  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(92);O(4) 0 0                                                    
15 Loan Bank of America Office Campus Building 600 5.004250% 8.020000% Actual/360 84,828.70  Full IO, ARD 123 119 123 119 0 0 4 YM(28);DEF/YM(88);O(7) 0 0                                                    
16 Loan Hamilton Business Center 4.579250% N/A Actual/360 93,246.90  Partial IO 120 117 12 9 360 360 3 LO(27);DEF(89);O(4) 0 0                                                    
17 Loan Courtyard St. Louis Downtown Convention Center 4.594250% N/A Actual/360 90,407.61  Partial IO 120 119 18 17 360 360 1 LO(25);DEF(93);O(2) 7 7                                                    
18 Loan Grandview Shopping Center 4.874250% N/A Actual/360 86,674.47  Partial IO 120 119 24 23 360 360 1 LO(25);DEF(91);O(4) 0 0                                                    
19 Loan Macedonia Commons 4.434250% N/A Actual/360 81,602.44  Partial IO 120 119 36 35 360 360 1 LO(25);DEF(91);O(4) 0 0                                                    
20 Loan Park Millennium Garage 5.294250% N/A Actual/360 68,194.17  Full IO 120 120 120 120 0 0 0 LO(24);DEF(92);O(4) 0 0                                                    
21 Loan Coconut Grove Marketplace 4.596750% N/A Actual/360 77,943.66  Partial IO 120 119 36 35 360 360 1 LO(25);DEF(91);O(4) 0 0                                                    
22 Loan Troy Portfolio 4.514250% N/A Actual/360 74,999.24  Partial IO 120 119 24 23 360 360 1 LO(25);DEF(91);O(4) 7 7                                                    
22.01 Property 894 Maplelawn Drive                                                                                  
22.02 Property 1352-1374 Rankin Drive                                                                                  
22.03 Property 1409 Allen Drive                                                                                  
22.04 Property 1151 Allen Drive                                                                                  
22.05 Property 1324-1346 Rankin Drive                                                                                  
22.06 Property 2354-2360 Bellingham Drive                                                                                  
22.07 Property 1376-1400 Rankin Drive                                                                                  
22.08 Property 1301-1307 Rankin Drive                                                                                  
22.09 Property 1101 Allen Drive                                                                                  
22.10 Property 1350 Rankin Drive                                                                                  
22.11 Property 1290 Maplelawn Drive                                                                                  
22.12 Property 1300-1322 Rankin Drive                                                                                  
23 Loan DoubleTree Berkeley Marina 4.804250% N/A Actual/360 72,307.80  Partial IO 120 119 30 29 360 360 1 LO(25);DEF(91);O(4) 0 0                                                    
24 Loan GM Logistics Center 3 4.024250% N/A Actual/360 73,186.31  Amortizing 120 120 0 0 300 300 0 LO(59);YM1(55);O(6) 0 5                                                    
25 Loan Tuscany at St. Francis 4.344250% N/A Actual/360 48,810.30  Full IO 120 119 120 119 0 0 1 LO(25);DEF(91);O(4) 7 7                                                    
26 Loan Floor & Décor / Garden Fresh Market 5.434250% N/A Actual/360 72,841.35  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(93);O(3) 0 0                                                    
26.01 Property Garden Fresh Market                                                                                  
26.02 Property Floor & Décor                                                                                  
27 Loan Hagerstown Multifamily Portfolio 4.474250% N/A Actual/360 60,224.87  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(92);O(3) 7 7                                                    
27.01 Property Progress Homes                                                                                  
27.02 Property Pangborn                                                                                  
27.03 Property Walnut Point                                                                                  
27.04 Property Vetra Lane & Virginia Avenue                                                                                  
27.05 Property Dianne Drive                                                                                  
28 Loan Sarasota Retail Portfolio 4.865250% N/A Actual/360 60,371.26  Partial IO 120 118 60 58 360 360 2 LO(26);DEF(90);O(4) 0 0                                                    
28.01 Property 326-330 St. Armand’s Circle                                                                                  
28.02 Property 382-386 St. Armand’s Circle                                                                                  
28.03 Property 380 A&B St. Armand’s Circle                                                                                  
28.04 Property 374 St. Armand’s Circle                                                                                  
29 Loan JW Marriott Chicago 4.030050% N/A Actual/360 36,902.41  Full IO 60 58 60 58 0 0 2 LO(26);DEF(30);O(4) 0 0                                                    
30 Loan 221-223 W. Ohio & 215 W. Ohio 4.164250% N/A Actual/360 46,833.65  Partial IO 120 119 24 23 360 360 1 LO(25);DEF(92);O(3) 7 7                                                    
31 Loan The Boardwalk 4.360250% N/A Actual/360 42,444.26  Partial IO 120 120 24 24 360 360 0 LO(24);DEF(91);O(5) 0 0                                                    
32 Loan Town & Country Shopping Center Portfolio 4.505050% N/A Actual/360 42,411.48  Partial IO 120 119 30 29 360 360 1 LO(25);DEF(91);O(4) 0 5                                                    
32.01 Property Town & Country Shopping Center                                                                                  
32.02 Property Grand Junction Veterinary Clinic                                                                                  
33 Loan TZA Multifamily Portfolio I 4.934250% N/A Actual/360 42,701.60  Partial IO 120 117 36 33 360 360 3 LO(27);DEF(89);O(4) 0 0                                                    
33.01 Property Rolling Hills                                                                                  
33.02 Property Lakeland Manor                                                                                  
33.03 Property Kings Trail                                                                                  
33.04 Property Bella Mar                                                                                  
33.05 Property Del Rio                                                                                  
33.06 Property Timberfalls                                                                                  
33.07 Property Jacksonville Heights                                                                                  
33.08 Property Lago Bello                                                                                  
33.09 Property North Washington                                                                                  
33.10 Property Tanglewood                                                                                  
33.11 Property Mount Dora                                                                                  
33.12 Property Brandywyne                                                                                  
33.13 Property The Landings                                                                                  
33.14 Property Country Place                                                                                  
34 Loan Union Town Centre 4.358250% N/A Actual/360 39,938.10  Partial IO 120 119 12 11 360 360 1 LO(25);DEF(90);O(5) 0 0                                                    
35 Loan Holiday Inn Express - Costa Mesa 4.364250% N/A Actual/360 39,466.84  Amortizing 120 117 0 0 360 357 3 LO(27);DEF(89);O(4) 0 0                                                    
36 Loan State Street Shopping Center 4.984250% N/A Actual/360 41,066.85  Amortizing 120 120 0 0 360 360 0 LO(23);YM1(93);O(4) 0 0                                                    
37 Loan Northside Drive Portfolio 4.954250% N/A Actual/360 40,926.71  Partial IO 60 59 12 11 360 360 1 LO(25);YM1(33);O(2) 7 7                                                    
37.01 Property Whispering Woods                                                                                  
37.02 Property Ashley Woods                                                                                  
38 Loan Fountain Plaza 4.414250% N/A Actual/360 36,685.02  Amortizing 120 120 0 0 360 360 0 LO(24);YM1(92);O(4) 7 7                                                    
39 Loan Laird Vehicle R&D Facility 4.576750% N/A Actual/360 40,876.13  Amortizing 120 119 0 0 300 299 1 LO(25);DEF(88);O(7) 0 0                                                    
40 Loan Village at Westfork 4.066250% N/A Actual/360 24,142.38  Full IO 120 119 120 119 0 0 1 LO(25);DEF(90);O(5) 0 0                                                    
41 Loan Red Roof Inn Erlanger 6.056250% N/A Actual/360 40,782.65  Amortizing 120 115 0 0 360 355 5 LO(29);DEF(88);O(3) 0 0                                                    
42 Loan 401 West Ontario 4.974250% N/A Actual/360 34,451.53  Partial IO 120 119 24 23 360 360 1 LO(25);DEF(92);O(3) 0 0                                                    
43 Loan Candlewood Suites Chambersburg 5.424250% N/A Actual/360 34,969.88  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0                                                    
44 Loan Holiday Inn Express & Suites Duncan 4.984250% N/A Actual/360 34,490.81  Amortizing 120 115 0 0 300 295 5 LO(29);DEF(88);O(3) 7 7                                                    
45 Loan Del Amo Fashion Center 3.643000% N/A Actual/360 15,451.24  Full IO 120 116 120 116 0 0 4 LO(28);DEF(85);O(7) 0 0                                                    
46 Loan Arizona Net Lease Properties 4.734250% N/A Actual/360 28,505.87  Amortizing 120 119 0 0 300 299 1 LO(24);YM1(92);O(4) 0 0                                                    
46.01 Property Tutor Time                                                                                  
46.02 Property Drive Time                                                                                  
47 Loan Ephrata Commons 4.414250% N/A Actual/360 22,990.96  Amortizing 120 110 0 0 360 350 10 LO(34);DEF(83);O(3) 7 7                                                    
48 Loan 6065 Hillcroft Plaza 4.502250% N/A Actual/360 21,579.60  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(91);O(4) 0 0                                                    
49 Loan Flamingo Village Plaza 4.944250% N/A Actual/360 21,241.59  Amortizing 120 116 0 0 360 356 4 LO(24);YM1(93);O(3) 7 7                                                    
50 Loan 3 Industrial Court 4.754250% N/A Actual/360 13,071.34  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(93);O(3) 7 7                                                    

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Grace Period at Maturity Default Appraised Value(5) Appraisal Date U/W NOI DSCR(4) U/W NCF DSCR(4)(11) Cut-off Date LTV Ratio(4)(5) LTV Ratio at Maturity or ARD(4)(5) U/W NOI Debt Yield(4) U/W NCF Debt Yield(4) U/W EGI U/W Expenses U/W NOI U/W Replacement U/W TI/LC U/W NCF                                                                              
1 Loan 237 Park Avenue 0 1,310,000,000 5/22/2017 4.32 4.10 26.6% 26.6% 16.4% 15.6% 88,903,875 31,737,396 57,166,479 312,929 2,608,515 54,245,035                                                                              
2 Loan Preston Hollow 0 79,200,000 7/13/2017 1.61 1.58 60.9% 60.9% 7.8% 7.6% 5,899,858 2,159,295 3,740,563 19,683 62,470 3,658,410                                                                              
3 Loan Park West Village 0 600,000,000 5/10/2017 4.52 4.46 20.0% 20.0% 12.0% 11.8% 23,925,670 9,506,674 14,418,996 200,280 0 14,218,716                                                                              
4 Loan The District 0 130,000,000 7/13/2017 1.42 1.34 61.4% 49.9% 8.8% 8.3% 9,966,400 2,976,535 6,989,865 89,339 299,999 6,600,527                                                                              
5 Loan Embassy Suites - Brea 0 69,000,000 6/9/2017 2.17 1.87 55.8% 48.1% 13.7% 11.8% 14,487,617 9,220,018 5,267,599 724,381 0 4,543,218                                                                              
6 Loan 245 Park Avenue 0 2,210,000,000 4/1/2017 2.87 2.73 48.9% 48.9% 10.7% 10.1% 177,756,680 62,448,738 115,307,942 551,678 5,191,362 109,564,903                                                                              
7 Loan Hilton Garden Inn Irvine/Orange County Airport 0 51,100,000 5/25/2017 2.16 1.97 59.7% 48.2% 13.0% 11.8% 8,985,785 5,019,544 3,966,240 359,431 0 3,606,809                                                                              
8 Loan 144 South Harrison 0 46,500,000 7/26/2017 1.29 1.27 65.2% 57.0% 7.9% 7.7% 3,273,180 893,899 2,379,281 37,596 0 2,341,685                                                                              
9 Loan Fairmount at Brewerytown 0 48,600,000 6/7/2017 1.68 1.65 57.6% 57.6% 8.5% 8.4% 3,437,543 1,050,859 2,386,684 47,618 0 2,339,067                                                                              
10 Loan 50 Varick Street 0 140,000,000 7/7/2017 2.06 2.01 55.6% 55.6% 8.7% 8.5% 8,514,769 1,759,376 6,755,393 23,786 134,788 6,596,819                                                                              
11 Loan DoubleTree Orlando 0 41,500,000 6/30/2018 2.45 2.04 61.2% 53.3% 15.3% 12.8% 16,080,930 12,190,642 3,890,288 643,237 0 3,247,051                                                                              
12 Loan Meridian Sunrise Village 0 75,400,000 4/5/2017 2.22 2.08 59.7% 59.7% 10.4% 9.8% 6,283,706 1,614,118 4,669,588 33,783 243,363 4,392,442                                                                              
13 Loan 4055 10th Avenue 0 37,300,000 8/9/2017 1.42 1.36 65.7% 54.0% 9.2% 8.8% 3,018,560 771,731 2,246,828 28,436 64,628 2,153,764                                                                              
14 Loan 1600 Corporate Center 0 33,000,000 7/20/2017 1.85 1.63 69.0% 55.7% 11.2% 9.8% 5,342,919 2,797,669 2,545,251 51,248 256,238 2,237,765                                                                              
15 Loan Bank of America Office Campus Building 600 0 42,800,000 4/21/2017 1.85 1.80 69.9% 69.9% 9.4% 9.2% 2,827,191 12,809 2,814,382 64,768 0 2,749,614                                                                              
16 Loan Hamilton Business Center 0 30,800,000 5/24/2017 1.55 1.43 59.1% 49.3% 9.5% 8.8% 2,574,599 844,058 1,730,540 28,530 98,954 1,603,056                                                                              
17 Loan Courtyard St. Louis Downtown Convention Center 0 27,400,000 7/17/2017 2.06 1.81 64.3% 54.4% 12.7% 11.1% 6,772,634 4,542,821 2,229,813 270,905 0 1,958,908                                                                              
18 Loan Grandview Shopping Center 0 23,000,000 7/5/2017 1.40 1.30 71.1% 61.3% 8.9% 8.2% 2,165,663 712,265 1,453,398 20,657 85,724 1,347,017                                                                              
19 Loan Macedonia Commons 0 48,500,000 7/16/2017 1.94 1.80 70.5% 61.6% 11.7% 10.9% 5,436,646 1,426,916 4,009,729 46,832 240,539 3,722,358                                                                              
20 Loan Park Millennium Garage 0 31,500,000 6/13/2017 2.05 2.01 48.3% 48.3% 11.0% 10.8% 2,830,000 1,150,510 1,679,490 32,946 0 1,646,544                                                                              
21 Loan Coconut Grove Marketplace 0 21,800,000 8/1/2017 2.00 1.91 69.3% 60.9% 12.4% 11.8% 3,013,398 1,144,705 1,868,693 9,573 68,620 1,790,501                                                                              
22 Loan Troy Portfolio 0 23,840,000 7/27/2017 1.93 1.72 61.9% 52.9% 11.8% 10.5% 2,517,710 780,610 1,737,100 58,911 133,531 1,544,658                                                                              
22.01 Property 894 Maplelawn Drive   2,910,000 7/27/2017             282,928 70,931 211,997 4,930 11,175 195,892                                                                              
22.02 Property 1352-1374 Rankin Drive   2,450,000 7/27/2017             270,678 77,651 193,027 5,760 13,056 174,211                                                                              
22.03 Property 1409 Allen Drive   2,300,000 7/27/2017             295,108 80,685 214,423 6,000 13,600 194,823                                                                              
22.04 Property 1151 Allen Drive   2,410,000 7/27/2017             243,894 58,366 185,528 6,180 14,008 165,340                                                                              
22.05 Property 1324-1346 Rankin Drive   2,110,000 7/27/2017             259,360 90,633 168,727 5,040 11,424 152,263                                                                              
22.06 Property 2354-2360 Bellingham Drive   2,200,000 7/27/2017             180,141 59,232 120,909 5,930 13,442 101,537                                                                              
22.07 Property 1376-1400 Rankin Drive   1,750,000 7/27/2017             224,360 71,460 152,899 5,046 11,438 136,416                                                                              
22.08 Property 1301-1307 Rankin Drive   1,590,000 7/27/2017             212,886 71,138 141,747 4,200 9,520 128,027                                                                              
22.09 Property 1101 Allen Drive   1,570,000 7/27/2017             170,702 47,206 123,496 3,687 8,358 111,450                                                                              
22.10 Property 1350 Rankin Drive   1,660,000 7/27/2017             146,917 46,526 100,391 4,200 9,520 86,671                                                                              
22.11 Property 1290 Maplelawn Drive   1,120,000 7/27/2017             132,498 44,193 88,305 2,897 6,567 78,842                                                                              
22.12 Property 1300-1322 Rankin Drive   1,770,000 7/27/2017             98,240 62,589 35,651 5,040 11,424 19,187                                                                              
23 Loan DoubleTree Berkeley Marina 0 100,300,000 4/11/2017 2.23 1.86 52.3% 45.6% 14.1% 11.7% 31,423,806 24,020,252 7,403,554 1,256,952 0 6,146,602                                                                              
24 Loan GM Logistics Center 3 0 21,150,000 8/29/2017 1.94 1.83 65.0% 46.9% 12.4% 11.7% 1,866,625 166,951 1,699,674 30,195 60,389 1,609,090                                                                              
25 Loan Tuscany at St. Francis 0 21,200,000 6/13/2017 1.91 1.81 62.5% 62.5% 8.4% 8.0% 1,678,734 562,518 1,116,216 53,868 0 1,062,348                                                                              
26 Loan Floor & Décor / Garden Fresh Market 0 20,225,000 7/19/2017 1.57 1.44 63.8% 53.2% 10.7% 9.8% 2,171,923 797,415 1,374,507 26,073 86,911 1,261,524                                                                              
26.01 Property Garden Fresh Market   10,200,000 7/19/2017             1,070,086 375,352 694,734 14,838 49,461 630,435                                                                              
26.02 Property Floor & Décor   10,025,000 7/19/2017             1,101,837 422,063 679,774 11,235 37,450 631,089                                                                              
27 Loan Hagerstown Multifamily Portfolio 0 17,015,000 Various 1.48 1.44 69.8% 56.5% 9.0% 8.8% 1,553,105 481,932 1,071,173 27,500 0 1,043,673                                                                              
27.01 Property Progress Homes   6,100,000 5/17/2017             600,049 209,778 390,270 11,250 0 379,020                                                                              
27.02 Property Pangborn   4,380,000 3/15/2017             393,605 123,341 270,263 6,750 0 263,513                                                                              
27.03 Property Walnut Point   3,980,000 3/15/2017             341,791 83,966 257,825 5,500 0 252,325                                                                              
27.04 Property Vetra Lane & Virginia Avenue   1,280,000 3/15/2017             109,684 29,624 80,060 2,000 0 78,060                                                                              
27.05 Property Dianne Drive   1,275,000 5/17/2017             107,978 35,223 72,755 2,000 0 70,755                                                                              
28 Loan Sarasota Retail Portfolio 0 19,400,000 7/17/2017 1.51 1.43 58.8% 54.1% 9.6% 9.1% 1,359,679 268,180 1,091,499 2,442 50,558 1,038,499                                                                              
28.01 Property 326-330 St. Armand’s Circle   6,660,000 7/17/2017             466,580 105,356 361,224 1,087 22,504 337,633                                                                              
28.02 Property 382-386 St. Armand’s Circle   4,830,000 7/17/2017             363,663 65,062 298,602 590 12,216 285,795                                                                              
28.03 Property 380 A&B St. Armand’s Circle   4,240,000 7/17/2017             284,241 54,370 229,871 435 9,005 220,430                                                                              
28.04 Property 374 St. Armand’s Circle   3,670,000 7/17/2017             245,195 43,393 201,803 330 6,832 194,641                                                                              
29 Loan JW Marriott Chicago 0 370,400,000 5/2/2017 6.53 5.64 21.4% 21.4% 26.8% 23.1% 71,959,137 50,733,018 21,226,120 2,878,365 0 18,347,754                                                                              
30 Loan 221-223 W. Ohio & 215 W. Ohio 0 14,700,000 6/28/2017 1.93 1.77 65.3% 55.3% 11.3% 10.4% 1,639,347 555,834 1,083,513 12,069 76,035 995,409                                                                              
31 Loan The Boardwalk 0 13,100,000 10/1/2017 1.38 1.32 64.9% 55.2% 8.3% 7.9% 968,321 266,600 701,721 2,603 29,284 669,835                                                                              
32 Loan Town & Country Shopping Center Portfolio 0 12,060,000 8/4/2017 1.68 1.56 69.2% 59.9% 10.2% 9.5% 1,259,456 405,115 854,341 25,232 35,391 793,717                                                                              
32.01 Property Town & Country Shopping Center   10,750,000 8/4/2017             1,126,014 374,100 751,914 23,278 31,737 696,898                                                                              
32.02 Property Grand Junction Veterinary Clinic   1,310,000 8/4/2017             133,443 31,016 102,427 1,954 3,654 96,819                                                                              
33 Loan TZA Multifamily Portfolio I 0 146,630,000 Various 1.64 1.55 73.7% 65.1% 10.5% 9.9% 19,872,125 8,552,111 11,320,015 595,500 0 10,724,515                                                                              
33.01 Property Rolling Hills   22,130,000 5/2/2017             2,424,151 876,848 1,547,303 60,000 0 1,487,303                                                                              
33.02 Property Lakeland Manor   19,800,000 5/4/2017             2,677,242 1,161,205 1,516,037 93,250 0 1,422,787                                                                              
33.03 Property Kings Trail   17,790,000 5/5/2017             2,733,056 1,133,406 1,599,650 80,000 0 1,519,650                                                                              
33.04 Property Bella Mar   15,670,000 5/4/2017             2,183,135 979,513 1,203,622 66,000 0 1,137,622                                                                              
33.05 Property Del Rio   12,350,000 5/4/2017             1,557,847 730,529 827,318 40,000 0 787,318                                                                              
33.06 Property Timberfalls   11,160,000 5/4/2017             1,590,200 836,902 753,299 46,000 0 707,299                                                                              
33.07 Property Jacksonville Heights   9,750,000 5/5/2017             1,365,640 706,900 658,740 43,250 0 615,490                                                                              
33.08 Property Lago Bello   8,690,000 5/4/2017             1,064,669 444,312 620,357 30,000 0 590,357                                                                              
33.09 Property North Washington   7,930,000 5/10/2017             1,047,337 315,643 731,693 29,750 0 701,943                                                                              
33.10 Property Tanglewood   6,510,000 5/8/2017             1,038,119 430,040 608,079 34,500 0 573,579                                                                              
33.11 Property Mount Dora   6,470,000 5/8/2017             998,189 424,785 573,405 33,000 0 540,405                                                                              
33.12 Property Brandywyne   4,450,000 5/4/2017             602,610 248,840 353,770 20,250 0 333,520                                                                              
33.13 Property The Landings   2,910,000 5/4/2017             447,405 198,163 249,242 15,000 0 234,242                                                                              
33.14 Property Country Place   1,020,000 5/4/2017             142,524 65,025 77,499 4,500 0 72,999                                                                              
34 Loan Union Town Centre 0 11,750,000 7/17/2017 1.99 1.77 68.1% 56.4% 11.9% 10.6% 1,272,845 320,097 952,748 25,590 76,770 850,388                                                                              
35 Loan Holiday Inn Express - Costa Mesa 0 13,200,000 5/25/2017 2.62 2.39 59.6% 48.2% 15.8% 14.4% 2,730,457 1,490,825 1,239,632 109,218 0 1,130,414                                                                              
36 Loan State Street Shopping Center 0 11,200,000 5/13/2017 2.20 1.94 68.3% 56.2% 14.1% 12.5% 1,536,224 454,249 1,081,975 30,732 94,813 956,430                                                                              
37 Loan Northside Drive Portfolio 0 10,400,000 6/14/2017 1.56 1.46 73.6% 69.1% 10.0% 9.4% 1,457,098 689,327 767,772 49,692 0 718,080                                                                              
37.01 Property Whispering Woods   6,000,000 6/14/2017             784,540 376,953 407,587 28,188 0 379,399                                                                              
37.02 Property Ashley Woods   4,400,000 6/14/2017             672,559 312,374 360,185 21,504 0 338,681                                                                              
38 Loan Fountain Plaza 0 12,600,000 8/9/2017 1.72 1.54 57.9% 46.7% 10.4% 9.3% 1,202,410 444,443 757,967 10,270 67,568 680,129                                                                              
39 Loan Laird Vehicle R&D Facility 0 12,200,000 7/17/2017 1.64 1.48 59.3% 43.8% 11.1% 10.0% 1,091,913 288,600 803,312 6,486 70,000 726,826                                                                              
40 Loan Village at Westfork 0 11,700,000 7/12/2017 2.88 2.55 59.8% 59.8% 11.9% 10.5% 1,139,476 306,165 833,310 18,987 75,947 738,377                                                                              
41 Loan Red Roof Inn Erlanger 0 12,300,000 11/16/2016 2.06 1.89 54.6% 46.6% 15.0% 13.8% 2,054,323 1,047,822 1,006,500 82,173 0 924,327                                                                              
42 Loan 401 West Ontario 0 9,200,000 6/28/2017 1.58 1.45 69.8% 60.4% 10.2% 9.3% 1,046,379 392,966 653,413 21,211 34,672 597,531                                                                              
43 Loan Candlewood Suites Chambersburg 0 9,800,000 4/27/2017 2.02 1.84 63.1% 52.7% 13.7% 12.5% 1,844,700 997,156 847,544 73,788 0 773,756                                                                              
44 Loan Holiday Inn Express & Suites Duncan 0 9,200,000 1/13/2017 2.31 2.09 63.6% 48.0% 16.3% 14.8% 2,249,728 1,295,375 954,354 89,989 0 864,365                                                                              
45 Loan Del Amo Fashion Center 0 1,155,000,000 4/23/2017 3.48 3.34 39.8% 39.8% 12.9% 12.4% 81,259,520 21,915,628 59,343,892 223,460 2,155,000 56,965,434                                                                              
46 Loan Arizona Net Lease Properties 0 9,300,000 Various 1.85 1.77 53.7% 39.8% 12.7% 12.1% 764,915 132,123 632,792 5,017 23,229 604,546                                                                              
46.01 Property Tutor Time   5,800,000 7/24/2017             484,957 85,747 399,210 3,749 15,551 379,910                                                                              
46.02 Property Drive Time   3,500,000 7/17/2017             279,958 46,376 233,582 1,268 7,678 224,636                                                                              
47 Loan Ephrata Commons 0 6,100,000 9/29/2016 1.71 1.54 74.0% 60.5% 10.4% 9.4% 647,085 175,684 471,401 8,222 38,926 424,253                                                                              
48 Loan 6065 Hillcroft Plaza 0 6,350,000 6/28/2017 1.82 1.65 66.8% 54.1% 11.1% 10.1% 882,015 410,022 471,992 12,376 31,145 428,471                                                                              
49 Loan Flamingo Village Plaza 0 5,300,000 2/8/2017 1.60 1.51 74.7% 61.6% 10.3% 9.7% 543,128 134,517 408,611 3,892 20,971 383,748                                                                              
50 Loan 3 Industrial Court 0 3,900,000 8/1/2017 1.71 1.56 64.1% 52.3% 10.7% 9.8% 401,612 133,773 267,839 9,000 14,850 243,989                                                                              

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Occupancy Rate(14) Occupancy as-of Date Most Recent Operating Statement Date Most Recent EGI Most Recent Expenses Most Recent NOI Second Most Recent Operating Statement Date Second Most Recent EGI Second Most Recent Expenses Second Most Recent NOI Third Most Recent Operating Statement Date Third Most Recent EGI Third Most Recent Expenses Third Most Recent NOI Largest Tenant Name(11)(12)(13)(23)(25)                                                                                        
1 Loan 237 Park Avenue 95.6% 6/29/2017 12/31/2016 50,441,783 30,595,950 19,845,834 12/31/2015 49,006,350 29,516,874 19,489,476 12/31/2014 62,241,004 29,847,060 32,393,944 The New York and Presbyterian Hospital                                                                                        
2 Loan Preston Hollow 91.7% 7/31/2017 TTM 5/31/2017 5,337,629 2,322,761 3,014,867 12/31/2016 4,016,698 2,540,570 1,476,128 12/31/2015 1,734,729 1,916,881 -182,152 Pediatric Associates of Dallas                                                                                        
3 Loan Park West Village 96.0% 7/1/2017 TTM 5/31/2017 19,995,613 8,925,864 11,069,748 12/31/2016 18,763,245 8,484,881 10,278,364 12/31/2015 17,825,091 9,093,534 8,731,557 N/A                                                                                        
4 Loan The District 89.3% 7/25/2017 TTM 6/30/2017 9,989,031 3,056,429 6,932,602 12/31/2016 10,027,163 2,832,863 7,194,300 12/31/2015 9,948,522 2,751,910 7,196,612 MegaPlex Theaters                                                                                        
5 Loan Embassy Suites - Brea 85.3% TTM 4/30/2017 TTM 4/30/2017 13,377,108 8,873,749 4,503,359 12/31/2016 13,041,738 8,748,125 4,293,613 12/31/2015 14,250,361 9,051,046 5,199,315 N/A                                                                                        
6 Loan 245 Park Avenue 91.1% 2/28/2017 TTM 3/31/2017 168,887,445 61,210,770 107,676,675 12/31/2016 167,638,950 60,922,988 106,715,962 12/31/2015 160,661,056 57,993,351 102,667,705 Société Générale                                                                                        
7 Loan Hilton Garden Inn Irvine/Orange County Airport 81.8% TTM 6/30/2017 TTM 6/30/2017 8,985,785 4,910,737 4,075,048 12/31/2016 8,656,738 4,845,979 3,810,759 N/A N/A N/A N/A N/A                                                                                        
8 Loan 144 South Harrison 96.8% 7/27/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
9 Loan Fairmount at Brewerytown 98.1% 7/11/2017 TTM 6/30/2017 1,753,960 883,124 870,836 N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
10 Loan 50 Varick Street 100.0% 7/1/2017 TTM 5/31/2017 8,142,902 1,113,799 7,029,103 Actual 2016 8,316,850 1,006,841 7,310,009 Actual 2015 7,933,071 1,063,563 6,869,508 Spring Studios New York LLC                                                                                        
11 Loan DoubleTree Orlando 72.6% TTM 7/31/2017 TTM 7/31/2017 16,080,930 12,208,018 3,872,912 Actual 2016 15,841,004 12,040,103 3,800,901 Actual 2015 14,981,010 11,711,834 3,269,176 N/A                                                                                        
12 Loan Meridian Sunrise Village 88.2% 8/1/2017 TTM 7/31/2017 5,418,855 1,564,398 3,854,457 12/31/2016 5,123,634 1,375,921 3,747,713 12/31/2015 4,930,161 1,373,874 3,556,287 LA Fitness                                                                                        
13 Loan 4055 10th Avenue 100.0% 10/1/2017 TTM 7/31/2017 2,899,745 648,847 2,250,898 12/31/2016 2,978,123 799,643 2,178,480 12/31/2015 2,754,002 808,366 1,945,636 NYC Human Resources Administration                                                                                        
14 Loan 1600 Corporate Center 94.7% 8/9/2017 TTM 7/31/2017 4,997,875 2,628,036 2,369,839 12/31/2016 4,299,587 2,467,432 1,832,155 N/A N/A N/A N/A Bank of America                                                                                        
15 Loan Bank of America Office Campus Building 600 100.0% 10/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Bank of America                                                                                        
16 Loan Hamilton Business Center 91.0% 4/1/2017 TTM 3/31/2017 2,241,703 836,726 1,404,977 Actual 2016 2,142,505 892,906 1,249,598 Actual 2015 2,339,733 1,014,176 1,325,557 Global Essence, Inc.                                                                                        
17 Loan Courtyard St. Louis Downtown Convention Center 67.7% TTM 6/30/2017 TTM 6/30/2017 6,773,137 4,470,270 2,302,867 12/31/2016 6,105,927 4,279,832 1,826,095 N/A N/A N/A N/A N/A                                                                                        
18 Loan Grandview Shopping Center 92.5% 8/15/2017 TTM 5/31/2017 1,934,694 670,745 1,263,949 12/31/2016 1,856,810 640,748 1,216,063 12/31/2015 1,720,651 608,022 1,112,628 Sprouts Farmers Market                                                                                        
19 Loan Macedonia Commons 94.9% 6/23/2017 TTM 6/30/2017 5,153,438 1,297,251 3,856,187 Actual 2016 5,351,897 1,334,115 4,017,782 Actual 2015 5,356,781 1,451,411 3,905,370 Kohl’s                                                                                        
20 Loan Park Millennium Garage 100.0% 10/1/2017 TTM 6/30/2017 1,760,804 560,939 1,199,866 12/31/2016 1,770,188 559,403 1,210,785 12/31/2015 1,669,053 597,402 1,071,651 LR Millennium Garage, LLC                                                                                        
21 Loan Coconut Grove Marketplace 97.8% 8/1/2017 TTM 7/31/2017 2,639,166 1,100,012 1,539,154 12/31/2016 2,410,944 1,061,308 1,349,636 12/31/2015 2,115,888 1,079,453 1,036,435 Humpy’s Alehouse                                                                                        
22 Loan Troy Portfolio 94.9% 7/31/2017 Various 2,431,700 706,483 1,725,217 12/31/2016 2,380,800 713,125 1,667,675 12/31/2015 2,241,551 811,299 1,430,252 Various                                                                                        
22.01 Property 894 Maplelawn Drive 100.0% 7/31/2017 TTM 3/31/2017 285,960 57,861 228,099 12/31/2016 285,906 56,932 228,974 12/31/2015 287,246 65,285 221,960 SGS North America                                                                                        
22.02 Property 1352-1374 Rankin Drive 100.0% 7/31/2017 TTM 3/31/2017 229,781 69,955 159,826 12/31/2016 228,152 72,025 156,126 12/31/2015 209,533 81,280 128,253 Super Fair Cellular                                                                                        
22.03 Property 1409 Allen Drive 100.0% 7/31/2017 TTM 3/31/2017 294,618 75,838 218,780 12/31/2016 287,587 73,588 213,999 12/31/2015 260,496 109,289 151,207 Access, Inc.                                                                                        
22.04 Property 1151 Allen Drive 100.0% 7/31/2017 TTM 3/31/2017 251,385 53,818 197,567 12/31/2016 250,046 53,476 196,570 12/31/2015 243,353 55,684 187,669 Production Spring, LLC                                                                                        
22.05 Property 1324-1346 Rankin Drive 100.0% 7/31/2017 TTM 3/31/2017 135,071 86,123 48,948 12/31/2016 131,224 101,076 30,147 12/31/2015 64,300 78,965 -14,665 LG Electronics                                                                                        
22.06 Property 2354-2360 Bellingham Drive 100.0% 7/31/2017 TTM 5/31/2017 173,305 45,990 127,315 12/31/2016 177,961 51,751 126,210 12/31/2015 167,485 62,948 104,537 Auburn                                                                                        
22.07 Property 1376-1400 Rankin Drive 100.0% 7/31/2017 TTM 3/31/2017 171,553 65,698 105,855 12/31/2016 171,378 60,758 110,621 12/31/2015 193,458 110,766 82,692 Veritiv Operating Co                                                                                        
22.08 Property 1301-1307 Rankin Drive 100.0% 7/31/2017 TTM 3/31/2017 199,332 64,933 134,399 12/31/2016 169,365 69,607 99,758 12/31/2015 183,310 53,010 130,300 Greenfield Resources                                                                                        
22.09 Property 1101 Allen Drive 100.0% 7/31/2017 TTM 3/31/2017 166,574 43,478 123,096 12/31/2016 166,675 41,885 124,790 12/31/2015 149,341 54,058 95,283 Re-Source Partners                                                                                        
22.10 Property 1350 Rankin Drive 100.0% 7/31/2017 TTM 3/31/2017 151,975 43,156 108,819 12/31/2016 149,189 41,055 108,133 12/31/2015 132,601 40,246 92,354 Magic BM Trading Co                                                                                        
22.11 Property 1290 Maplelawn Drive 100.0% 7/31/2017 TTM 3/31/2017 134,916 37,746 97,170 12/31/2016 131,800 36,038 95,761 12/31/2015 120,471 40,328 80,143 I-Deal Holdings                                                                                        
22.12 Property 1300-1322 Rankin Drive 40.0% 7/31/2017 TTM 3/31/2017 237,230 61,887 175,343 12/31/2016 231,518 54,933 176,585 12/31/2015 229,958 59,439 170,519 Osirius Group                                                                                        
23 Loan DoubleTree Berkeley Marina 90.3% TTM 6/30/2017 TTM 6/30/2017 31,423,806 24,018,009 7,405,797 12/31/2016 31,534,222 23,777,836 7,756,386 12/31/2015 29,474,148 22,092,503 7,381,645 N/A                                                                                        
24 Loan GM Logistics Center 3 100.0% 10/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A General Motors, LLC                                                                                        
25 Loan Tuscany at St. Francis 93.8% 7/1/2017 TTM 6/30/2017 1,663,564 552,917 1,110,647 12/31/2016 1,630,994 553,536 1,077,458 12/31/2015 1,669,643 586,013 1,083,630 N/A                                                                                        
26 Loan Floor & Décor / Garden Fresh Market 100.0% 10/1/2017 TTM 6/30/2017 2,034,221 612,490 1,421,731 Actual 2016 2,007,174 601,819 1,405,355 Actual 2015 1,953,758 535,842 1,417,916 Various                                                                                        
26.01 Property Garden Fresh Market 100.0% 10/1/2017 TTM 6/30/2017 973,420 232,813 740,608 Actual 2016 980,083 227,507 752,576 Actual 2015 987,465 236,159 751,306 Garden Fresh Market                                                                                        
26.02 Property Floor & Décor 100.0% 10/1/2017 TTM 6/30/2017 1,060,801 379,678 681,123 Actual 2016 1,027,091 374,311 652,780 Actual 2015 966,293 299,683 666,610 Floor & Décor                                                                                        
27 Loan Hagerstown Multifamily Portfolio 96.4% 7/21/2017 TTM 6/30/2017 1,546,848 449,307 1,097,541 12/31/2016 1,514,358 434,237 1,080,121 12/31/2015 1,553,367 431,627 1,121,740 N/A                                                                                        
27.01 Property Progress Homes 100.0% 7/21/2017 TTM 6/30/2017 608,871 213,655 395,216 12/31/2016 598,531 198,553 399,978 12/31/2015 598,979 193,884 405,095 N/A                                                                                        
27.02 Property Pangborn 92.6% 7/21/2017 TTM 6/30/2017 393,632 96,778 296,854 12/31/2016 394,332 100,445 293,887 12/31/2015 391,512 106,994 284,518 N/A                                                                                        
27.03 Property Walnut Point 95.5% 7/21/2017 TTM 6/30/2017 328,360 78,025 250,335 12/31/2016 313,145 73,157 239,988 12/31/2015 341,798 71,673 270,125 N/A                                                                                        
27.04 Property Vetra Lane & Virginia Avenue 100.0% 7/21/2017 TTM 6/30/2017 100,861 23,638 77,223 12/31/2016 99,925 25,005 74,920 12/31/2015 113,789 23,913 89,876 N/A                                                                                        
27.05 Property Dianne Drive 87.5% 7/21/2017 TTM 6/30/2017 115,124 37,211 77,913 12/31/2016 108,425 37,077 71,348 12/31/2015 107,289 35,163 72,126 N/A                                                                                        
28 Loan Sarasota Retail Portfolio 100.0% 6/30/2017 TTM 6/30/2017 1,305,359 253,210 1,052,149 12/31/2016 1,230,996 255,813 975,183 12/31/2015 1,186,605 211,141 975,465 Various                                                                                        
28.01 Property 326-330 St. Armand’s Circle 100.0% 6/30/2017 TTM 6/30/2017 484,268 96,956 387,312 12/31/2016 469,352 96,512 372,839 12/31/2015 416,644 79,639 337,005 Surf Shack Coastal Kitchen                                                                                        
28.02 Property 382-386 St. Armand’s Circle 100.0% 6/30/2017 TTM 6/30/2017 311,018 60,694 250,324 12/31/2016 244,108 59,104 185,004 12/31/2015 269,578 48,563 221,015 Black Dog Tavern Company, Inc.                                                                                        
28.03 Property 380 A&B St. Armand’s Circle 100.0% 6/30/2017 TTM 6/30/2017 263,834 53,371 210,463 12/31/2016 275,471 57,414 218,057 12/31/2015 266,654 44,365 222,289 Leggiadro of Sarasota, LLC                                                                                        
28.04 Property 374 St. Armand’s Circle 100.0% 6/30/2017 TTM 6/30/2017 246,239 42,189 204,050 12/31/2016 242,065 42,783 199,282 12/31/2015 233,729 38,573 195,156 Oh My Gauze                                                                                        
29 Loan JW Marriott Chicago 76.1% TTM 4/30/2017 TTM 4/30/2017 70,958,814 49,637,381 21,321,433 12/31/2016 71,943,283 50,752,018 21,191,265 12/31/2015 70,939,493 50,428,490 20,511,003 N/A                                                                                        
30 Loan 221-223 W. Ohio & 215 W. Ohio 100.0% 7/20/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A JGMA Inc.                                                                                        
31 Loan The Boardwalk 100.0% 8/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Noodles & Company                                                                                        
32 Loan Town & Country Shopping Center Portfolio 89.2% Various TTM 6/30/2017 1,249,407 426,050 823,357 12/31/2016 1,165,364 402,711 762,653 12/31/2015 1,154,242 357,452 796,790 Various                                                                                        
32.01 Property Town & Country Shopping Center 88.6% 8/9/2017 TTM 6/30/2017 1,116,469 395,906 720,563 12/31/2016 1,032,426 373,634 658,793 12/31/2015 1,021,304 330,449 690,855 Office Depot                                                                                        
32.02 Property Grand Junction Veterinary Clinic 100.0% 10/1/2017 TTM 6/30/2017 132,938 30,144 102,795 12/31/2016 132,938 29,078 103,861 12/31/2015 132,938 27,003 105,936 North 10th Street Animal Hospital                                                                                        
33 Loan TZA Multifamily Portfolio I 95.4% 5/3/2017 TTM 3/31/2017 19,563,059 7,733,184 11,829,875 12/31/2016 19,059,127 8,547,163 10,511,963 N/A N/A N/A N/A N/A                                                                                        
33.01 Property Rolling Hills 97.5% 5/3/2017 TTM 3/31/2017 2,391,733 793,082 1,598,651 12/31/2016 2,287,460 837,955 1,449,505 N/A N/A N/A N/A N/A                                                                                        
33.02 Property Lakeland Manor 91.4% 5/3/2017 TTM 3/31/2017 2,751,869 1,041,323 1,710,546 12/31/2016 2,687,990 1,034,604 1,653,386 N/A N/A N/A N/A N/A                                                                                        
33.03 Property Kings Trail 97.2% 5/3/2017 TTM 3/31/2017 2,666,521 1,015,184 1,651,337 12/31/2016 2,625,075 1,142,854 1,482,221 N/A N/A N/A N/A N/A                                                                                        
33.04 Property Bella Mar 94.3% 5/3/2017 TTM 3/31/2017 2,188,958 900,881 1,288,077 12/31/2016 2,111,689 1,073,715 1,037,974 N/A N/A N/A N/A N/A                                                                                        
33.05 Property Del Rio 93.8% 5/3/2017 TTM 3/31/2017 1,482,535 681,133 801,403 12/31/2016 1,411,941 819,072 592,869 N/A N/A N/A N/A N/A                                                                                        
33.06 Property Timberfalls 97.8% 5/3/2017 TTM 3/31/2017 1,495,688 736,883 758,805 Annualized 10 12/31/2016 1,462,041 838,806 623,235 N/A N/A N/A N/A N/A                                                                                        
33.07 Property Jacksonville Heights 93.1% 5/3/2017 TTM 3/31/2017 1,371,114 649,583 721,532 12/31/2016 1,425,736 658,868 766,867 N/A N/A N/A N/A N/A                                                                                        
33.08 Property Lago Bello 96.7% 5/3/2017 TTM 3/31/2017 1,055,375 404,005 651,370 12/31/2016 1,036,556 493,203 543,353 N/A N/A N/A N/A N/A                                                                                        
33.09 Property North Washington 96.6% 5/3/2017 TTM 3/31/2017 1,014,357 280,052 734,305 12/31/2016 983,963 287,521 696,442 N/A N/A N/A N/A N/A                                                                                        
33.10 Property Tanglewood 97.1% 5/3/2017 TTM 3/31/2017 1,014,866 392,407 622,459 12/31/2016 981,526 419,502 562,024 N/A N/A N/A N/A N/A                                                                                        
33.11 Property Mount Dora 96.2% 5/3/2017 TTM 3/31/2017 966,127 359,962 606,165 12/31/2016 927,231 395,959 531,272 N/A N/A N/A N/A N/A                                                                                        
33.12 Property Brandywyne 97.5% 5/3/2017 TTM 3/31/2017 612,207 224,772 387,436 12/31/2016 590,555 248,915 341,640 N/A N/A N/A N/A N/A                                                                                        
33.13 Property The Landings 96.7% 5/3/2017 TTM 3/31/2017 417,163 187,465 229,698 12/31/2016 395,552 215,327 180,225 N/A N/A N/A N/A N/A                                                                                        
33.14 Property Country Place 94.4% 5/3/2017 TTM 3/31/2017 134,544 66,454 68,090 12/31/2016 131,812 80,863 50,949 N/A N/A N/A N/A N/A                                                                                        
34 Loan Union Town Centre 93.0% 7/7/2017 TTM 6/30/2017 1,229,986 297,928 932,058 Actual 2016 1,209,487 323,051 886,436 Actual 2015 1,204,409 269,477 934,933 Food Lion                                                                                        
35 Loan Holiday Inn Express - Costa Mesa 87.3% TTM 6/30/2017 TTM 6/30/2017 2,730,826 1,500,098 1,230,728 12/31/2016 2,692,732 1,496,402 1,196,329 12/31/2015 2,591,942 1,359,501 1,232,441 N/A                                                                                        
36 Loan State Street Shopping Center 87.0% 8/31/2017 TTM 7/31/2017 1,596,590 465,397 1,131,193 12/31/2016 1,643,507 454,778 1,188,729 12/31/2015 1,493,564 450,932 1,042,632 Gateway Supermarket                                                                                        
37 Loan Northside Drive Portfolio 88.7% 8/15/2017 TTM 6/30/2017 1,400,964 711,266 689,698 12/31/2016 1,364,990 711,501 653,489 N/A N/A N/A N/A N/A                                                                                        
37.01 Property Whispering Woods 86.1% 8/15/2017 TTM 6/30/2017 766,888 392,517 374,371 12/31/2016 738,391 375,097 363,294 N/A N/A N/A N/A N/A                                                                                        
37.02 Property Ashley Woods 91.7% 8/15/2017 TTM 6/30/2017 634,076 318,749 315,327 12/31/2016 626,599 336,405 290,195 N/A N/A N/A N/A N/A                                                                                        
38 Loan Fountain Plaza 93.5% 9/12/2017 TTM 6/30/2017 1,119,710 449,713 669,997 12/31/2016 1,074,941 456,559 618,382 12/31/2015 840,373 449,088 391,285 Western Youth Services                                                                                        
39 Loan Laird Vehicle R&D Facility 100.0% 10/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Laird Technologies                                                                                        
40 Loan Village at Westfork 100.0% 7/7/2017 TTM 6/30/2017 1,105,597 246,865 858,732 Actual 2016 1,032,584 269,953 762,632 Actual 2015 1,048,826 225,509 823,317 Kroger                                                                                        
41 Loan Red Roof Inn Erlanger 62.7% TTM 3/31/2017 TTM 7/31/2017 1,841,900 931,991 909,909 12/31/2016 2,065,917 983,381 1,082,536 12/31/2015 1,901,978 937,989 963,989 N/A                                                                                        
42 Loan 401 West Ontario 97.2% 7/1/2017 TTM 5/31/2017 802,191 255,245 546,945 12/31/2016 680,364 329,920 350,443 N/A N/A N/A N/A Conlon & Co                                                                                        
43 Loan Candlewood Suites Chambersburg 85.3% TTM 5/31/2017 TTM 5/31/2017 1,844,700 954,376 890,324 12/31/2016 1,862,293 995,869 866,425 12/31/2015 1,730,472 949,578 780,894 N/A                                                                                        
44 Loan Holiday Inn Express & Suites Duncan 72.2% TTM 6/30/2017 TTM 6/30/2017 2,301,095 1,330,483 970,612 12/31/2016 2,300,405 1,257,128 1,043,277 12/31/2015 1,910,755 1,041,273 869,482 N/A                                                                                        
45 Loan Del Amo Fashion Center 85.2% 5/15/2017 TTM 3/31/2017 77,175,155 23,956,448 53,218,707 12/31/2016 75,673,675 24,572,583 51,101,092 12/31/2015 51,645,131 16,605,695 35,039,436 J.C. Penney                                                                                        
46 Loan Arizona Net Lease Properties 100.0% 10/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Various                                                                                        
46.01 Property Tutor Time 100.0% 10/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Tutor Time                                                                                        
46.02 Property Drive Time 100.0% 10/1/2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Drive Time                                                                                        
47 Loan Ephrata Commons 96.4% 7/31/2017 TTM 7/31/2017 678,388 157,040 521,347 12/31/2016 671,156 160,242 510,914 12/31/2015 664,063 161,469 502,594 Redner’s Warehouse Markets                                                                                        
48 Loan 6065 Hillcroft Plaza 83.0% 7/26/2017 TTM 5/31/2017 890,534 407,623 482,911 Actual 2016 924,859 400,069 524,790 Actual 2015 851,680 413,362 438,319 Danna Specialty Inc.                                                                                        
49 Loan Flamingo Village Plaza 100.0% 8/22/2017 TTM 6/30/2017 536,537 124,268 412,269 12/31/2016 539,565 134,295 405,270 12/31/2015 549,992 145,357 404,635 Sterling 2 Cleaners                                                                                        
50 Loan 3 Industrial Court 100.0% 8/1/2017 TTM 7/31/2017 424,578 123,087 301,491 12/31/2016 421,746 119,907 301,839 12/31/2015 384,974 134,584 250,390 Everest Marble                                                                                        

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Largest Tenant Sq. Ft. Largest Tenant % of NRA Largest Tenant Exp. Date(2) Second Largest Tenant Name(11)(13)(23) Second Largest Tenant Sq. Ft. Second Largest Tenant % of NRA Second Largest Tenant Exp. Date(2) Third Largest Tenant Name(12)(13) Third Largest Tenant Sq. Ft. Third Largest Tenant % of NRA Third Largest Tenant Exp. Date(2) Fourth Largest Tenant Name(11)(12) Fourth Largest Tenant Sq. Ft. Fourth Largest Tenant % of NRA Fourth Largest Tenant Exp. Date(2)                                                                                        
1 Loan 237 Park Avenue 479,016 38.3% 12/29/2048 JP Morgan Chase 254,585 20.3% 7/31/2020 J. Walter Thompson 192,733 15.4% 5/31/2027 Jennison Associates 162,764 13.0% 2/28/2025                                                                                        
2 Loan Preston Hollow 21,269 16.2% 6/30/2032 Trader Joe’s 14,497 11.0% 3/31/2025 Matchbox 8,717 6.6% 3/31/2026 The Saxton Group 5,706 4.3% 9/30/2022                                                                                        
3 Loan Park West Village N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
4 Loan The District 141,400 23.1% 5/31/2021 Harmons 65,000 10.6% 11/30/2026 Hobby Lobby 55,000 9.0% 5/31/2027 Gordmans 50,631 8.3% 9/30/2022                                                                                        
5 Loan Embassy Suites - Brea N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
6 Loan 245 Park Avenue 562,347 32.6% 10/31/2032 JPMorgan Chase Bank, N.A. 225,438 13.1% 10/31/2022 Major League Baseball 220,565 12.8% 10/31/2022 Angelo, Gordon & Co., L.P. 113,405 6.6% 5/31/2026                                                                                        
7 Loan Hilton Garden Inn Irvine/Orange County Airport N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
8 Loan 144 South Harrison N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
9 Loan Fairmount at Brewerytown N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
10 Loan 50 Varick Street 84,044 53.0% 12/31/2029 Spring Place New York 74,530 47.0% 12/31/2029 N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
11 Loan DoubleTree Orlando N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
12 Loan Meridian Sunrise Village 45,000 20.0% 9/30/2023 Staples 20,348 9.0% 10/31/2018 PetSmart 20,150 8.9% 2/28/2019 Army Medical Command 17,525 7.8% 9/29/2026                                                                                        
13 Loan 4055 10th Avenue 64,628 100.0% 9/19/2027 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
14 Loan 1600 Corporate Center 92,825 36.2% 12/31/2023 Alliant Credit Union 64,684 25.2% 12/31/2022 Fleetmatics USA LLC 42,583 16.6% 5/31/2022 HQ Global Workplaces LLC 21,751 8.5% 11/30/2021                                                                                        
15 Loan Bank of America Office Campus Building 600 297,026 100.0% 9/30/2031 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
16 Loan Hamilton Business Center 63,500 22.3% 10/31/2025 Gram Equipment of America, Inc 20,065 7.0% 1/31/2024 Billtrust 18,850 6.6% 12/31/2019 McNeil 13,562 4.8% 4/30/2022                                                                                        
17 Loan Courtyard St. Louis Downtown Convention Center N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
18 Loan Grandview Shopping Center 30,000 29.0% 5/31/2027 Dollar General 7,758 7.5% 9/30/2018 Unleashed by PetCo 6,277 6.1% 1/31/2025 Gabriel’s Liquor 4,941 4.8% 6/30/2021                                                                                        
19 Loan Macedonia Commons 80,684 25.8% 1/31/2021 Cinemark 57,658 18.5% 2/28/2019 Tops Markets 54,127 17.3% 12/31/2019 PetSmart 17,533 5.6% 1/31/2023                                                                                        
20 Loan Park Millennium Garage 523 100.0% 9/13/2032 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
21 Loan Coconut Grove Marketplace 10,736 22.4% 6/30/2022 Jack’s Dive Locker 8,014 16.7% 9/30/2053 Outback Steakhouse 4,500 9.4% 12/31/2026 Island Lava Java 3,873 8.1% 8/31/2031                                                                                        
22 Loan Troy Portfolio Various N/A Various Various Various N/A Various Various Various N/A Various Various Various N/A Various                                                                                        
22.01 Property 894 Maplelawn Drive 32,868 100.0% 10/31/2025 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.02 Property 1352-1374 Rankin Drive 27,842 72.5% 4/30/2022 The Glen Bennett Corporation 10,558 27.5% 9/14/2022 N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.03 Property 1409 Allen Drive 8,000 20.0% 12/31/2018 Detroit Legal News 8,000 20.0% 3/31/2019 Vitasalus, Inc. 4,000 10.0% 11/30/2018 C2 Marketing Solution 4,000 10.0% 9/30/2020                                                                                        
22.04 Property 1151 Allen Drive 41,200 100.0% 5/31/2020 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.05 Property 1324-1346 Rankin Drive 33,600 100.0% 12/31/2019 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.06 Property 2354-2360 Bellingham Drive 39,535 100.0% 11/30/2019 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.07 Property 1376-1400 Rankin Drive 11,200 33.3% 9/30/2018 ATSAL Holdings, LLC 9,640 28.7% 5/31/2019 Fluff & Tuff 7,200 21.4% 7/31/2020 Alliance Technology 5,600 16.6% 6/30/2019                                                                                        
22.08 Property 1301-1307 Rankin Drive 16,000 57.1% 5/31/2021 Grenzebach Corporation 12,000 42.9% 8/31/2018 N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.09 Property 1101 Allen Drive 24,582 100.0% 11/30/2022 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.10 Property 1350 Rankin Drive 28,000 100.0% 3/31/2018 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.11 Property 1290 Maplelawn Drive 19,314 100.0% 8/31/2021 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
22.12 Property 1300-1322 Rankin Drive 13,440 40.0% 3/31/2018 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
23 Loan DoubleTree Berkeley Marina N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
24 Loan GM Logistics Center 3 301,947 100.0% 8/31/2027 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
25 Loan Tuscany at St. Francis N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
26 Loan Floor & Décor / Garden Fresh Market Various N/A Various N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
26.01 Property Garden Fresh Market 98,921 100.0% 6/30/2032 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
26.02 Property Floor & Décor 74,900 100.0% 5/31/2032 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
27 Loan Hagerstown Multifamily Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
27.01 Property Progress Homes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
27.02 Property Pangborn N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
27.03 Property Walnut Point N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
27.04 Property Vetra Lane & Virginia Avenue N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
27.05 Property Dianne Drive N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
28 Loan Sarasota Retail Portfolio Various N/A Various Various Various N/A Various Various Various N/A Various N/A N/A N/A N/A                                                                                        
28.01 Property 326-330 St. Armand’s Circle 5,125 70.7% 7/31/2019 Michael Saunders & Company 2,122 29.3% 12/31/2021 N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
28.02 Property 382-386 St. Armand’s Circle 1,851 47.1% 10/31/2021 Le Macaron, LLC 1,303 33.1% 9/30/2019 Florida Olive Oil Company 780 19.8% 12/31/2019 N/A N/A N/A N/A                                                                                        
28.03 Property 380 A&B St. Armand’s Circle 1,450 50.0% 7/31/2019 The Walking Company 1,450 50.0% 10/31/2020 N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
28.04 Property 374 St. Armand’s Circle 2,200 100.0% 8/31/2021 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
29 Loan JW Marriott Chicago N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
30 Loan 221-223 W. Ohio & 215 W. Ohio 8,811 14.6% 2/28/2027 ENRGi 8,300 13.8% 5/31/2024 JMW Technologies 7,196 11.9% 4/30/2024 Amberleaf Cabinetry Inc. 7,196 11.9% 8/30/2024                                                                                        
31 Loan The Boardwalk 2,500 18.2% 1/31/2027 Fisherman’s Market 2,120 15.5% 4/30/2022 Fit Bites Grill 2,000 14.6% 12/31/2024 Pita 360/Spin Mediterranean 2,000 14.6% 1/31/2027                                                                                        
32 Loan Town & Country Shopping Center Portfolio Various N/A Various Various Various N/A Various Various Various N/A Various Various Various N/A Various                                                                                        
32.01 Property Town & Country Shopping Center 28,560 33.0% 3/31/2020 Quips & Quotes 15,730 18.2% 3/31/2022 El Divino 6,492 7.5% 6/30/2019 Karla’s Showroom 5,000 5.8% 2/29/2024                                                                                        
32.02 Property Grand Junction Veterinary Clinic 4,782 100.0% 11/30/2018 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33 Loan TZA Multifamily Portfolio I N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.01 Property Rolling Hills N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.02 Property Lakeland Manor N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.03 Property Kings Trail N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.04 Property Bella Mar N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.05 Property Del Rio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.06 Property Timberfalls N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.07 Property Jacksonville Heights N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.08 Property Lago Bello N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.09 Property North Washington N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.10 Property Tanglewood N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.11 Property Mount Dora N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.12 Property Brandywyne N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.13 Property The Landings N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
33.14 Property Country Place N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
34 Loan Union Town Centre 45,000 44.0% 4/30/2025 Dollar Tree 10,800 10.6% 9/30/2025 Workout Anytime 7,460 7.3% 3/31/2026 ABC Store 6,800 6.6% 11/30/2020                                                                                        
35 Loan Holiday Inn Express - Costa Mesa N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
36 Loan State Street Shopping Center 31,830 26.8% 4/30/2026 Save-A-Lot 14,482 12.2% 4/30/2020 Walgreens 13,905 11.7% 7/31/2059 Fashion Gallery (Rainbow) 7,000 5.9% 1/31/2022                                                                                        
37 Loan Northside Drive Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
37.01 Property Whispering Woods N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
37.02 Property Ashley Woods N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
38 Loan Fountain Plaza 6,749 12.5% 11/30/2019 Compellon, Inc. 5,087 9.4% 10/31/2018 DSCE Inc. 4,761 8.8% 2/28/2019 CA Assoc. of Community Mgmt. 4,168 7.7% 4/30/2023                                                                                        
39 Loan Laird Vehicle R&D Facility 43,243 100.0% 4/30/2032 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
40 Loan Village at Westfork 54,322 71.5% 3/31/2020 JPMorgan Chase 4,200 5.5% 11/30/2021 Beauty 7 Mart 3,600 4.7% 7/31/2019 New China Restaurant 2,700 3.6% 7/31/2020                                                                                        
41 Loan Red Roof Inn Erlanger N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
42 Loan 401 West Ontario 13,745 33.7% 11,310 SF 9/30/2021; 2,435 SF 9/30/2022 Zacuto 8,305 20.4% 6/30/2022 Radar 7,725 18.9% 12/1/2021 Yoga Circle 2,240 5.5% 6/30/2018                                                                                        
43 Loan Candlewood Suites Chambersburg N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
44 Loan Holiday Inn Express & Suites Duncan N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
45 Loan Del Amo Fashion Center 163,346 9.2% 12/31/2018 Nordstrom 138,000 7.8% 2/28/2031 Dick’s Sporting Goods 83,210 4.7% 4/30/2027 AMC Theatres 76,800 4.3% 9/30/2021                                                                                        
46 Loan Arizona Net Lease Properties Various N/A Various N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
46.01 Property Tutor Time 14,995 100.0% 8/31/2032 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
46.02 Property Drive Time 5,073 100.0% 3/31/2031 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A                                                                                        
47 Loan Ephrata Commons 46,118 84.1% 9/30/2025 Tokyo Asian Cuisine 2,500 4.6% 7/31/2020 Wild Wings & Pizza/Con Enterprises, LLC 1,900 3.5% 8/31/2022 Cecilia’s Beauty Salon/SASI Enterprises, Inc. 1,200 2.2% 2/28/2019                                                                                        
48 Loan 6065 Hillcroft Plaza 3,563 5.8% 12/31/2017 Refugee Services of Texas 3,353 5.4% 4/30/2020 Aapex Community Pharmacy, Inc. 2,484 4.0% 6/30/2018 Law Office of Baldo Garza, PLLC 2,464 4.0% 4/30/2018                                                                                        
49 Loan Flamingo Village Plaza 2,400 11.1% 5/31/2022 Shylynbry Inc. dba Komex Fusion 2,400 11.1% 11/30/2018 Babystacks Café, LLC 2,400 11.1% 10/31/2023 Piero & Margaret Broglia 2,100 9.7% 9/30/2020                                                                                        
50 Loan 3 Industrial Court 18,000 40.0% 12/31/2023 One Source 11,385 25.3% 7/31/2023 Site One 11,115 24.7% 5/31/2020 ET Warehouse 4,250 9.4% 4/30/2019                                                                                        

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Fifth Largest Tenant Name(11)(12) Fifth Largest Tenant Sq. Ft. Fifth Largest Tenant % of NRA Fifth Largest Tenant Exp. Date(2) Engineering Report Date Environmental Report Date (Phase I)(18) Environmental Report Date (Phase II)(18)(19)(20) Seismic Report Date Seismic PML % Loan Purpose Engineering Reserve / Deferred Maintenance Initial Tax Reserve Monthly Tax Reserve Initial Insurance Reserve Monthly Insurance Reserve                                                                                        
1 Loan 237 Park Avenue Her Majesty the Queen in Right of Canada 72,901 5.8% 10/31/2037 5/22/2017 5/23/2017 N/A N/A N/A Refinance                                                                                                  
2 Loan Preston Hollow Blue Sushi Sake Grill 4,797 3.7% 2/28/2025 7/10/2017 7/10/2017 N/A N/A N/A Refinance                                                                                                  
3 Loan Park West Village N/A N/A N/A N/A 5/11/2017 5/15/2017 N/A N/A N/A Refinance   720,736 360,368 292,923 23,248                                                                                        
4 Loan The District Ross 30,080 4.9% 1/31/2023 7/11/2017 7/11/2017 N/A 7/11/2017 4.0% Refinance   1,050,277 99,083 84,938 8,848                                                                                        
5 Loan Embassy Suites - Brea N/A N/A N/A N/A 6/15/2017 6/16/2017 N/A 6/14/2017 13.0% Refinance 12,500 197,920 39,584 12,627 12,627                                                                                        
6 Loan 245 Park Avenue Rabobank Nederland 109,657 6.4% 9/30/2026 4/20/2017 4/19/2017 N/A N/A N/A Acquisition     3,878,518 227,000 113,500                                                                                        
7 Loan Hilton Garden Inn Irvine/Orange County Airport N/A N/A N/A N/A 5/31/2017 5/31/2017 N/A 5/31/2017 8.0% Refinance   70,935 17,734 57,960 4,830                                                                                        
8 Loan 144 South Harrison N/A N/A N/A N/A 7/27/2017 7/5/2017 N/A N/A N/A Refinance   111,391 27,848 46,097 6,585                                                                                        
9 Loan Fairmount at Brewerytown N/A N/A N/A N/A 6/28/2017 6/28/2017 N/A N/A N/A Refinance   17,640 2,051 47,619 4,105                                                                                        
10 Loan 50 Varick Street N/A N/A N/A N/A 6/1/2017 6/2/2017 N/A N/A N/A Acquisition 28,125 219,873 54,968 12,654 6,327                                                                                        
11 Loan DoubleTree Orlando N/A N/A N/A N/A 7/5/2017 7/6/2017 N/A N/A N/A Acquisition   306,231 25,519                                                                                            
12 Loan Meridian Sunrise Village Party City 14,033 6.2% 1/31/2021 4/11/2017 4/12/2017 N/A 4/12/2017 9.0% Refinance   98,063 50,094 46,379 5,312                                                                                        
13 Loan 4055 10th Avenue N/A N/A N/A N/A 5/23/2017 5/22/2017 N/A N/A N/A Acquisition 103,594 16,667 4,167 33,647 2,465                                                                                        
14 Loan 1600 Corporate Center KIP America Inc. 9,185 3.6% 8/31/2024 7/24/2017 7/26/2017 N/A N/A N/A Refinance   358,557 100,509 8,002 2,667                                                                                        
15 Loan Bank of America Office Campus Building 600 N/A N/A N/A N/A 5/1/2017 5/3/2017 N/A N/A N/A Acquisition   100,000 33,333 3,202 1,067                                                                                        
16 Loan Hamilton Business Center East Coast Laundry & Linen 12,581 4.4% 2/29/2024 5/22/2017 5/30/2017 N/A N/A N/A Refinance   59,661 29,831                                                                                            
17 Loan Courtyard St. Louis Downtown Convention Center N/A N/A N/A N/A 7/21/2017 7/24/2017 N/A N/A N/A Refinance   134,048 13,405 74,386 5,722                                                                                        
18 Loan Grandview Shopping Center Yaya’s Thai Restaurant 3,994 3.9% 2/28/2022 7/14/2017 7/14/2017 N/A N/A N/A Acquisition 58,594 236,315 29,539 3,928 3,928                                                                                        
19 Loan Macedonia Commons Ulta Beauty 11,264 3.6% 8/31/2024 7/19/2017 7/18/2017 N/A N/A N/A Acquisition 131,250 33,868 18,834 39,060 3,551                                                                                        
20 Loan Park Millennium Garage N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A Refinance 374,818 159,649 53,216                                                                                            
21 Loan Coconut Grove Marketplace Laverne’s 3,704 7.7% 6/30/2022 7/27/2017 7/27/2017 N/A 7/27/2017 16.0% Acquisition 85,920 32,581 12,531 27,654 2,881                                                                                        
22 Loan Troy Portfolio Various Various N/A Various Various 7/31/2017 N/A N/A N/A Acquisition   99,560 20,672 19,297 9,649                                                                                        
22.01 Property 894 Maplelawn Drive N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.02 Property 1352-1374 Rankin Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.03 Property 1409 Allen Drive Diverse Automation 4,000 10.0% 11/30/2021 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.04 Property 1151 Allen Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.05 Property 1324-1346 Rankin Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.06 Property 2354-2360 Bellingham Drive N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.07 Property 1376-1400 Rankin Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.08 Property 1301-1307 Rankin Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.09 Property 1101 Allen Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.10 Property 1350 Rankin Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.11 Property 1290 Maplelawn Drive N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A                                                                                                    
22.12 Property 1300-1322 Rankin Drive N/A N/A N/A N/A 8/1/2017 7/31/2017 N/A N/A N/A                                                                                                    
23 Loan DoubleTree Berkeley Marina N/A N/A N/A N/A 4/19/2017 4/21/2017 N/A 4/19/2017 17.0% Recapitalization 1,116,393 441,167 83,083 62,786 7,550                                                                                        
24 Loan GM Logistics Center 3 N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A Recapitalization   4,256 4,256                                                                                            
25 Loan Tuscany at St. Francis N/A N/A N/A N/A 7/18/2017 7/18/2017 N/A N/A N/A Refinance   24,913 4,983 13,629 2,726                                                                                        
26 Loan Floor & Décor / Garden Fresh Market N/A N/A N/A N/A 7/28/2017 7/28/2017 N/A N/A N/A Refinance                                                                                                  
26.01 Property Garden Fresh Market N/A N/A N/A N/A 7/28/2017 7/28/2017 N/A N/A N/A                                                                                                    
26.02 Property Floor & Décor N/A N/A N/A N/A 7/28/2017 7/28/2017 N/A N/A N/A                                                                                                    
27 Loan Hagerstown Multifamily Portfolio N/A N/A N/A N/A 5/25/2017 5/25/2017 N/A N/A N/A Refinance   82,182 26,487 24,622 3,190                                                                                        
27.01 Property Progress Homes N/A N/A N/A N/A 5/25/2017 5/25/2017 N/A N/A N/A                                                                                                    
27.02 Property Pangborn N/A N/A N/A N/A 5/25/2017 5/25/2017 N/A N/A N/A                                                                                                    
27.03 Property Walnut Point N/A N/A N/A N/A 5/25/2017 5/25/2017 N/A N/A N/A                                                                                                    
27.04 Property Vetra Lane & Virginia Avenue N/A N/A N/A N/A 5/25/2017 5/25/2017 N/A N/A N/A                                                                                                    
27.05 Property Dianne Drive N/A N/A N/A N/A 5/25/2017 5/25/2017 N/A N/A N/A                                                                                                    
28 Loan Sarasota Retail Portfolio N/A N/A N/A N/A 7/20/2017 7/20/2017 N/A N/A N/A Refinance 31,571 114,625 10,814 59,075 5,573                                                                                        
28.01 Property 326-330 St. Armand’s Circle N/A N/A N/A N/A 7/20/2017 7/20/2017 N/A N/A N/A                                                                                                    
28.02 Property 382-386 St. Armand’s Circle N/A N/A N/A N/A 7/20/2017 7/20/2017 N/A N/A N/A                                                                                                    
28.03 Property 380 A&B St. Armand’s Circle N/A N/A N/A N/A 7/20/2017 7/20/2017 N/A N/A N/A                                                                                                    
28.04 Property 374 St. Armand’s Circle N/A N/A N/A N/A 7/20/2017 7/20/2017 N/A N/A N/A                                                                                                    
29 Loan JW Marriott Chicago N/A N/A N/A N/A 5/12/2017 5/12/2017 N/A N/A N/A Refinance 13,554 223,974 223,974 198,332 24,791                                                                                        
30 Loan 221-223 W. Ohio & 215 W. Ohio Channel Clarity 7,196 11.9% 1/31/2022 7/12/2017 7/12/2017 N/A N/A N/A Acquisition/Refinance   109,298 22,090 23,996 3,000                                                                                        
31 Loan The Boardwalk Piadina 1,840 13.4% 7/31/2027 7/27/2017 7/27/2017 N/A 7/31/2017 17.0% Refinance   25,108 4,185 10,038 1,115                                                                                        
32 Loan Town & Country Shopping Center Portfolio Various Various N/A Various 8/11/2017 8/11/2017 N/A N/A N/A Refinance   181,591 18,916 29,748 3,459                                                                                        
32.01 Property Town & Country Shopping Center Children’s Orchard 4,000 4.6% 6/30/2020 8/11/2017 8/11/2017 N/A N/A N/A                                                                                                    
32.02 Property Grand Junction Veterinary Clinic N/A N/A N/A N/A 8/11/2017 8/11/2017 N/A N/A N/A                                                                                                    
33 Loan TZA Multifamily Portfolio I N/A N/A N/A N/A Various Various N/A N/A N/A Refinance 904,090 1,033,388 114,695 845,916 93,991                                                                                        
33.01 Property Rolling Hills N/A N/A N/A N/A 5/18/2017 5/15/2017 N/A N/A N/A                                                                                                    
33.02 Property Lakeland Manor N/A N/A N/A N/A 5/18/2017 5/17/2017 N/A N/A N/A                                                                                                    
33.03 Property Kings Trail N/A N/A N/A N/A 5/18/2017 5/16/2017 N/A N/A N/A                                                                                                    
33.04 Property Bella Mar N/A N/A N/A N/A 5/18/2017 5/11/2017 N/A N/A N/A                                                                                                    
33.05 Property Del Rio N/A N/A N/A N/A 5/18/2017 5/17/2017 N/A N/A N/A                                                                                                    
33.06 Property Timberfalls N/A N/A N/A N/A 5/18/2017 5/18/2017 N/A N/A N/A                                                                                                    
33.07 Property Jacksonville Heights N/A N/A N/A N/A 5/18/2017 5/16/2017 N/A N/A N/A                                                                                                    
33.08 Property Lago Bello N/A N/A N/A N/A 5/18/2017 5/16/2017 N/A N/A N/A                                                                                                    
33.09 Property North Washington N/A N/A N/A N/A 6/9/2017 6/9/2017 N/A N/A N/A                                                                                                    
33.10 Property Tanglewood N/A N/A N/A N/A 5/18/2017 5/17/2017 N/A N/A N/A                                                                                                    
33.11 Property Mount Dora N/A N/A N/A N/A 5/18/2017 5/15/2017 N/A N/A N/A                                                                                                    
33.12 Property Brandywyne N/A N/A N/A N/A 5/18/2017 5/11/2017 N/A N/A N/A                                                                                                    
33.13 Property The Landings N/A N/A N/A N/A 5/18/2017 5/12/2017 N/A N/A N/A                                                                                                    
33.14 Property Country Place N/A N/A N/A N/A 5/18/2017 5/17/2017 N/A N/A N/A                                                                                                    
34 Loan Union Town Centre Sweet Home Carolina Home & Gifts 4,500 4.4% 2/28/2021 7/24/2017 7/25/2017 N/A N/A N/A Acquisition 9,688 15,923 7,961                                                                                            
35 Loan Holiday Inn Express - Costa Mesa N/A N/A N/A N/A 6/5/2017 5/31/2017 N/A 5/31/2017 7.0% Refinance   26,118 6,529 23,527 1,961                                                                                        
36 Loan State Street Shopping Center Genx Echo B, Inc. 6,000 5.1% 2/28/2018 9/11/2017 9/11/2017 N/A N/A N/A Refinance 82,994 61,171 16,992 35,545 3,703                                                                                        
37 Loan Northside Drive Portfolio N/A N/A N/A N/A 6/20/2017 6/21/2017 N/A N/A N/A Refinance 155,875 97,200 8,836 45,621 4,733                                                                                        
37.01 Property Whispering Woods N/A N/A N/A N/A 6/20/2017 6/21/2017 N/A N/A N/A                                                                                                    
37.02 Property Ashley Woods N/A N/A N/A N/A 6/20/2017 6/21/2017 N/A N/A N/A                                                                                                    
38 Loan Fountain Plaza Shanti Orange County 3,351 6.2% 6/30/2022 8/18/2017 8/18/2017 N/A 8/18/2017 8.0% Refinance   60,005 7,501                                                                                            
39 Loan Laird Vehicle R&D Facility N/A N/A N/A N/A 7/20/2017 7/20/2017 N/A N/A N/A Refinance                                                                                                  
40 Loan Village at Westfork Randstad Staffing 2,100 2.8% 1/31/2020 7/19/2017 7/19/2017 N/A N/A N/A Acquisition 37,813 98,678 8,223                                                                                            
41 Loan Red Roof Inn Erlanger N/A N/A N/A N/A 12/28/2016 12/1/2016 N/A N/A N/A Refinance   17,750 2,536 21,853 4,371                                                                                        
42 Loan 401 West Ontario Dr. Dugas 1,905 4.7% 12/1/2020 7/17/2017 7/10/2017 N/A N/A N/A Refinance 218,750 17,005 17,005 13,840 2,768                                                                                        
43 Loan Candlewood Suites Chambersburg N/A N/A N/A N/A 5/12/2017 5/12/2017 N/A N/A N/A Refinance     5,503 13,587 1,078                                                                                        
44 Loan Holiday Inn Express & Suites Duncan N/A N/A N/A N/A 1/26/2017 1/26/2017 N/A N/A N/A Refinance 14,438 38,031 7,606 9,468 1,894                                                                                        
45 Loan Del Amo Fashion Center Burlington Coat Factory 60,000 3.4% 1/31/2025 4/20/2017 4/17/2017 N/A 4/14/2017 12.0% Refinance                                                                                                  
46 Loan Arizona Net Lease Properties N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A Acquisition 6,438     330                                                                                          
46.01 Property Tutor Time N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A                                                                                                    
46.02 Property Drive Time N/A N/A N/A N/A 7/31/2017 7/31/2017 N/A N/A N/A                                                                                                    
47 Loan Ephrata Commons Gehman Jewelers/Nadine Lyon 1,092 2.0% 9/30/2021 10/3/2016 10/3/2016 N/A N/A N/A Acquisition   28,400 5,814 1,643 1,643                                                                                        
48 Loan 6065 Hillcroft Plaza Saldivar Insurance 2,103 3.4% 10/31/2019 7/11/2017 7/11/2017 N/A N/A N/A Refinance   44,566 4,952 5,705 475                                                                                        
49 Loan Flamingo Village Plaza Charlon Development Corp 1,500 6.9% 12/31/2021 4/21/2017 2/16/2017 3/27/2017 N/A N/A Refinance   13,890 1,984 8,682 668                                                                                        
50 Loan 3 Industrial Court Magical Spirits 250 0.6% 4/30/2019 6/14/2017 6/12/2017 N/A N/A N/A Refinance     5,700 1,512 1,320                                                                                        

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Initial Replacement Reserve Monthly Replacement Reserve(15)(17) Replacement Reserve Cap Initial TI/LC Reserve Monthly TI/LC Reserve(15)(17) TI/LC Reserve Cap Other Reserve Reserve Description Initial Other Reserve(16) Monthly Other Reserve(15)(16)(17) Other Reserve Cap Ownership Interest(8)(9)(10) Ground Lease Initial Expiration Date(8)(9)(10) Ground Lease Extension Options(10) Lockbox Cash Management                                                                                        
1 Loan 237 Park Avenue     N/A     N/A Interest Reserve ($7,500,000); Building Loan Reserve ($81,365,605) 88,865,605   N/A Fee / Leasehold 4/27/2057 2 5-year options Hard Springing                                                                                        
2 Loan Preston Hollow     N/A     328,055 N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
3 Loan Park West Village   17,750 N/A     N/A Renovation/Tenant Buyout Reserve Fund ($2,250,000); Debt Service Shortfall Reserve Funds ($700,000) 2,950,000   N/A Fee Simple N/A N/A Soft Springing                                                                                        
4 Loan The District   7,520 N/A 1,500,000   1,000,000 Unfunded Tenant Obligations Reserve Funds 383,836   N/A Fee Simple N/A N/A Hard Springing                                                                                        
5 Loan Embassy Suites - Brea   48,292 N/A     N/A Outstanding PIP Reserve ($338,001); Ground Rent Reserve ($100,000) 438,001   N/A Leasehold 6/25/2064 1 15-year option Springing Springing                                                                                        
6 Loan 245 Park Avenue 47,738 47,738 N/A     N/A Outstanding TI/LC Reserve ($10,298,441); MIO Partners Free Rent Reserve ($1,133,167) 11,431,608   N/A Fee Simple N/A N/A Hard Springing                                                                                        
7 Loan Hilton Garden Inn Irvine/Orange County Airport   22,241 N/A     N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
8 Loan 144 South Harrison   3,133 N/A     N/A Construction Completion Reserve: For completion of items listed in Exhibit F of the loan agreement within 90 days of loan closing. 227,654   N/A Fee Simple N/A N/A Springing Springing                                                                                        
9 Loan Fairmount at Brewerytown   4,020 N/A     N/A HVAC Repair Funds ($54,600.00); Environmental Remediation Funds ($121,137.50) 175,738   N/A Fee Simple N/A N/A Springing Springing                                                                                        
10 Loan 50 Varick Street   1,982 N/A   11,232 N/A Security Deposit ($2,965,935),  Free Rent Reserve ($1,844,282) and Common Charges Reserve ($45,778) 4,855,995 45,778 N/A Fee Simple N/A N/A Hard In Place                                                                                        
11 Loan DoubleTree Orlando   Throughout the term of the loan 1/12th of 4.0% of annual gross revenues for each Property will be collected on a monthly basis for ongoing FF&E. N/A     N/A PIP Reserve 5,765,524   N/A Fee Simple N/A N/A Hard Springing                                                                                        
12 Loan Meridian Sunrise Village   2,815 N/A   12,199 439,173 Unfunded Obligations Reserve 458,540   N/A Fee Simple N/A N/A Hard Springing                                                                                        
13 Loan 4055 10th Avenue   2,370 N/A   17,503 N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
14 Loan 1600 Corporate Center   4,271 N/A 1,000,000 21,353 N/A Outstanding TI/LC Reserve ($845,093); Free Rent Reserve ($579,577) 1,424,669   N/A Fee Simple N/A N/A Hard Springing                                                                                        
15 Loan Bank of America Office Campus Building 600     N/A     N/A N/A     N/A Fee Simple N/A N/A Hard In Place                                                                                        
16 Loan Hamilton Business Center   2,377 N/A   8,322 N/A N/A     N/A Fee Simple N/A N/A Hard Springing                                                                                        
17 Loan Courtyard St. Louis Downtown Convention Center   17,329 N/A     N/A Redevelopment Obligations Reserve 380,000 20,000 N/A Fee Simple N/A N/A Springing Springing                                                                                        
18 Loan Grandview Shopping Center 200,000 1,721 N/A 59,000 7,144 N/A Outstanding TI/LC 15,200   N/A Fee Simple N/A N/A Hard Springing                                                                                        
19 Loan Macedonia Commons   3,903 N/A 500,000 64,264 600,000       N/A Fee Simple N/A N/A Hard Springing                                                                                        
20 Loan Park Millennium Garage   2,745 164,728     N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
21 Loan Coconut Grove Marketplace   798 19,145   4,986 239,315 Ground Rent Reserve ($17,605.67); Unfunded Obligations ($45,746.93) 63,353 8,803 N/A Fee / Leasehold 11/14/2041 No Hard Springing                                                                                        
22 Loan Troy Portfolio   4,909 250,000 250,000 14,073 350,000 Unfunded Tenant Obligations ($156,989); Production Spring Tax Reserve ($19,561) 176,550   N/A Fee Simple N/A N/A Hard Springing                                                                                        
22.01 Property 894 Maplelawn Drive                     Fee Simple N/A N/A                                                                                            
22.02 Property 1352-1374 Rankin Drive                     Fee Simple N/A N/A                                                                                            
22.03 Property 1409 Allen Drive                     Fee Simple N/A N/A                                                                                            
22.04 Property 1151 Allen Drive                     Fee Simple N/A N/A                                                                                            
22.05 Property 1324-1346 Rankin Drive                     Fee Simple N/A N/A                                                                                            
22.06 Property 2354-2360 Bellingham Drive                     Fee Simple N/A N/A                                                                                            
22.07 Property 1376-1400 Rankin Drive                     Fee Simple N/A N/A                                                                                            
22.08 Property 1301-1307 Rankin Drive                     Fee Simple N/A N/A                                                                                            
22.09 Property 1101 Allen Drive                     Fee Simple N/A N/A                                                                                            
22.10 Property 1350 Rankin Drive                     Fee Simple N/A N/A                                                                                            
22.11 Property 1290 Maplelawn Drive                     Fee Simple N/A N/A                                                                                            
22.12 Property 1300-1322 Rankin Drive                     Fee Simple N/A N/A                                                                                            
23 Loan DoubleTree Berkeley Marina   Borrower shall pay to Lender on each Payment Date up to and including the Payment Date occurring on September 6, 2018, an amount equal to 2.5% of the Gross Income from Operations generated at the Property for the month which occurred 2 calendar months prior to the applicable payment date, 3% the following year, and 4% thereafter; current monthly deposit is $65,466.26. N/A     N/A Seasonal Working Capital Reserve ($310,000); Ground Rent Reserve ($173,305) 483,305 On each Payment Date occurring in October and November of each year during the term of the Loan, to the extent the balance of the Seasonal Working Capital Reserve Account is less than $310,000, Borrower shall pay to Lender the Seasonal Working Capital Reserve Funds. Seasonal Working Capital Reserve ($310,000); Ground Rent Reserve:  the product of (A) the largest monthly payment of Ground Rent and any other amounts that were due and payable under the Ground Lease in any trailing 12 month period and (B) 1.10. Leasehold 12/31/2058 No Hard Springing                                                                                        
24 Loan GM Logistics Center 3     N/A     N/A GM Project Expense Reserve ($2,098,159); GM Rent Credit Reserve ($6,513) 2,104,672   N/A Fee Simple N/A N/A Hard Springing                                                                                        
25 Loan Tuscany at St. Francis   4,489 N/A     N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
26 Loan Floor & Décor / Garden Fresh Market 111,565   N/A 2,000,000   N/A       N/A Fee Simple N/A N/A Hard In Place                                                                                        
26.01 Property Garden Fresh Market                     Fee Simple N/A N/A                                                                                            
26.02 Property Floor & Décor                     Fee Simple N/A N/A                                                                                            
27 Loan Hagerstown Multifamily Portfolio   2,292 N/A     N/A N/A     N/A Fee Simple N/A N/A Soft Springing                                                                                        
27.01 Property Progress Homes                     Fee Simple N/A N/A                                                                                            
27.02 Property Pangborn                     Fee Simple N/A N/A                                                                                            
27.03 Property Walnut Point                     Fee Simple N/A N/A                                                                                            
27.04 Property Vetra Lane & Virginia Avenue                     Fee Simple N/A N/A                                                                                            
27.05 Property Dianne Drive                     Fee Simple N/A N/A                                                                                            
28 Loan Sarasota Retail Portfolio   204 N/A   4,477 375,000 N/A     N/A Fee Simple N/A N/A Hard Springing                                                                                        
28.01 Property 326-330 St. Armand’s Circle                     Fee Simple N/A N/A                                                                                            
28.02 Property 382-386 St. Armand’s Circle                     Fee Simple N/A N/A                                                                                            
28.03 Property 380 A&B St. Armand’s Circle                     Fee Simple N/A N/A                                                                                            
28.04 Property 374 St. Armand’s Circle                     Fee Simple N/A N/A                                                                                            
29 Loan JW Marriott Chicago     N/A     N/A Seasonal Reserve 2,000,000 500,000 N/A Fee Simple N/A N/A Hard In Place                                                                                        
30 Loan 221-223 W. Ohio & 215 W. Ohio   1,006 N/A   5,029 N/A N/A     N/A Fee Simple N/A N/A Hard Springing                                                                                        
31 Loan The Boardwalk   217 N/A 254,600 2,440 N/A Free Rent Reserve 34,000   N/A Fee Simple N/A N/A Springing Springing                                                                                        
32 Loan Town & Country Shopping Center Portfolio   2,103 N/A 200,000 5,707 300,000 N/A     N/A Fee Simple N/A N/A Hard Springing                                                                                        
32.01 Property Town & Country Shopping Center                     Fee Simple N/A N/A                                                                                            
32.02 Property Grand Junction Veterinary Clinic                     Fee Simple N/A N/A                                                                                            
33 Loan TZA Multifamily Portfolio I 2,095,910 Commencing on each Payment Date through and including July 1, 2020, the Borrower will deposit $124,784 per month with the Lender for costs related to capital expenditures; Commencing on each Payment Date, Borrower will deposit $49,625 per month for any additional capital expenditures through the term of the loan N/A     N/A N/A     N/A Fee Simple N/A N/A Soft Springing                                                                                        
33.01 Property Rolling Hills                     Fee Simple N/A N/A                                                                                            
33.02 Property Lakeland Manor                     Fee Simple N/A N/A                                                                                            
33.03 Property Kings Trail                     Fee Simple N/A N/A                                                                                            
33.04 Property Bella Mar                     Fee Simple N/A N/A                                                                                            
33.05 Property Del Rio                     Fee Simple N/A N/A                                                                                            
33.06 Property Timberfalls                     Fee Simple N/A N/A                                                                                            
33.07 Property Jacksonville Heights                     Fee Simple N/A N/A                                                                                            
33.08 Property Lago Bello                     Fee Simple N/A N/A                                                                                            
33.09 Property North Washington                     Fee Simple N/A N/A                                                                                            
33.10 Property Tanglewood                     Fee Simple N/A N/A                                                                                            
33.11 Property Mount Dora                     Fee Simple N/A N/A                                                                                            
33.12 Property Brandywyne                     Fee Simple N/A N/A                                                                                            
33.13 Property The Landings                     Fee Simple N/A N/A                                                                                            
33.14 Property Country Place                     Fee Simple N/A N/A                                                                                            
34 Loan Union Town Centre 100,000 2,133 N/A 120,265 6,397 300,000 Outstanding Free Rent 16,656   N/A Fee Simple N/A N/A Springing Springing                                                                                        
35 Loan Holiday Inn Express - Costa Mesa   6,749 N/A     N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
36 Loan State Street Shopping Center   2,570 N/A   9,884 355,827 Rent Concession Reserve 29,178   N/A Fee Simple N/A N/A Hard Springing                                                                                        
37 Loan Northside Drive Portfolio 51,000 4,250 N/A     N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
37.01 Property Whispering Woods                     Fee Simple N/A N/A                                                                                            
37.02 Property Ashley Woods                     Fee Simple N/A N/A                                                                                            
38 Loan Fountain Plaza   1,126 N/A 100,000 5,631 305,000 N/A     N/A Fee Simple N/A N/A Soft Springing                                                                                        
39 Loan Laird Vehicle R&D Facility   541 N/A   5,833 N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
40 Loan Village at Westfork 100,000 1,582 N/A   6,329 300,000       N/A Fee Simple N/A N/A Springing Springing                                                                                        
41 Loan Red Roof Inn Erlanger   4.0% of gross rent for the immediately preceding calender month N/A     N/A Franchise Transition Reserve Fund ($1,512,150); PIP Reserve ($487,850); Seasonal Reserve ($35,000) 2,035,000 5,000 Seasonal Reserve: $35,000 Fee Simple N/A N/A Hard Springing                                                                                        
42 Loan 401 West Ontario   1,768 N/A   2,889 N/A Conlon Rent Abatement Reserve 15,219   N/A Fee Simple N/A N/A Hard Springing                                                                                        
43 Loan Candlewood Suites Chambersburg   6,149 N/A     N/A N/A     N/A Fee Simple N/A N/A Springing Springing                                                                                        
44 Loan Holiday Inn Express & Suites Duncan     N/A     N/A PIP Reserve: ($900,000): Borrower deposited $900,000 at closing and is required to deposit $41,667 into the PIP Reserve for the first 12 months of the loan term. 900,000 41,667 N/A Fee Simple N/A N/A Springing Springing                                                                                        
45 Loan Del Amo Fashion Center     N/A     N/A Outstanding TI/LC Reserve ($7,242,346); Gap Rent Reserve ($828,894) 8,071,240   N/A Fee Simple N/A N/A Hard Springing                                                                                        
46 Loan Arizona Net Lease Properties     N/A     N/A Unfunded Obligations Reserve 34,988   N/A Fee Simple N/A N/A Springing Springing                                                                                        
46.01 Property Tutor Time                     Fee Simple N/A N/A                                                                                            
46.02 Property Drive Time                     Fee Simple N/A N/A                                                                                            
47 Loan Ephrata Commons   457 N/A   2,284 If Redner’s renews its lease for at least five (5) additional years, a cap of $100,000 N/A     N/A Fee Simple N/A N/A Hard Springing                                                                                        
48 Loan 6065 Hillcroft Plaza 24,752 1,031 N/A 92,822 2,578 N/A Outstanding Free Rent/Tis/Prepaid Rent 5,632   N/A Fee Simple N/A N/A Springing Springing                                                                                        
49 Loan Flamingo Village Plaza   324 N/A   2,500 60,000 Abated Rent Reserve ($10,440); Environmental Reserve ($10,897) 21,337   N/A Fee Simple N/A N/A Springing Springing                                                                                        
50 Loan 3 Industrial Court   750 N/A   1,875 N/A N/A     N/A Fee Simple N/A N/A Hard Springing                                                                                        

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Cut-off Date Pari Passu Mortgage Debt Balance Cut-off Date Subord. Mortgage Debt Balance Total Mortgage Debt Cut-off Date LTV Ratio Total Mortgage Debt UW NCF DSCR Total Mortgage Debt UW NOI Debt Yield Cut-off Date Mezzanine Debt Balance(21) Total Debt Cut-off Date LTV Ratio Total Debt UW NCF DSCR Total Debt UW NOI Debt Yield Future Subordinate Debt Permitted(22) Future Subordinate Debt Type(22) Future Subordinate Debt Amount Permitted(22) Sponsor Guarantor Affiliated Sponsors                              
1 Loan 237 Park Avenue 298,000,000 345,200,000 52.9% 2.06 8.2% 87,800,000 59.6% 1.75 7.3% Yes Mezzanine 69000000 RXR Group; Walton Street Group RXR Real Estate Value Added Fund LP; RXR Real Estate Value Added Fund Parallel LP; RXR Real Estate Value Added Fund Parallel II LP; RXR Real Estate Value Added Fund Parallel II (REIT) LP; RXR Real Estate Value Added Fund Parallel III LP; Walton Street Real Estate Partners VII, L.P.; Walton Street Real Estate Fund VII-Q, L.P.; Walton Street Real Estate Fund VII-NUS-SRD, L.P.; Walton Street Real Estate Fund VII, L.P.; Walton Street Real Estate Fund VII-E, L.P.; Walton Street Real Estate Investors VII, L.P.; Walton Street Real Estate Partners VII-NGE, L.P.; WSC Capital Holdings VII, L.P. No                              
2 Loan Preston Hollow N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A E. Stanley Kroenke E. Stanley Kroenke No                              
3 Loan Park West Village 80,000,000 18,750,000 23.1% 3.44 10.4% 186,250,000 54.2% 1.07 4.4% No N/A N/A The Chetrit Group LLC; Stellar Management LLC Jacob Chetrit; Laurence Gluck No                              
4 Loan The District 39,901,208 N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A The Boyer Company, L.C.; Gardner Property Holdings, L.C.; Arbor Commercial Real Estate L.L.C. The Boyer Company, L.C.; Gardner Property Holdings, L.C.; Arbor Commercial Real Estate L.L.C. No                              
5 Loan Embassy Suites - Brea N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Patrick M. Nesbitt Family Trust; Patrick M. Nesbitt Patrick M. Nesbitt Family Trust; Patrick M. Nesbitt No                              
6 Loan 245 Park Avenue 1,049,000,000 120,000,000 54.3% 2.45 9.6% 568,000,000 80.0% 1.42 6.5% No N/A N/A HNA Group 181 West Madison Holding LLC No                              
7 Loan Hilton Garden Inn Irvine/Orange County Airport N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Narendra B. Patel; Shetal N. Patel Narendra B. Patel; Shetal N. Patel Yes                              
8 Loan 144 South Harrison N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Syed Airaj Hasan; Ayesha Wahidy Syed Airaj Hasan; Ayesha Wahidy No                              
9 Loan Fairmount at Brewerytown N/A 7,000,000 72.0% 1.20 6.8% N/A N/A N/A N/A No N/A N/A Sean McGovern; Dana Spain; Bernard Spain Sean McGovern; Dana Spain; Bernard Spain No                              
10 Loan 50 Varick Street 52,390,000 N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Alessandro Cajrati Crivelli Alessandro Cajrati Crivelli No                              
11 Loan DoubleTree Orlando N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Lawrence A. Kestin Lawrence A. Kestin No                              
12 Loan Meridian Sunrise Village 20,000,000 N/A N/A N/A N/A 6,000,000 67.6% 1.69 9.2% No N/A N/A Evergreen Capital Trust Evergreen Capital Trust No                              
13 Loan 4055 10th Avenue N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Fairbridge Partners, LLC; Dmitry Gordeev Fairbridge Partners, LLC; Dmitry Gordeev No                              
14 Loan 1600 Corporate Center N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Chester B. Balder; Jared L. Lucero; Jeffrey Spangler Chester B. Balder; Jared L. Lucero; Jeffrey Spangler No                              
15 Loan Bank of America Office Campus Building 600 9,935,000 N/A N/A N/A N/A N/A N/A N/A N/A Yes Mezzanine DSCR>=1.20x, LTV<=85.0% Ladder Capital CRE Equity LLC Ladder Capital CRE Equity LLC No                              
16 Loan Hamilton Business Center N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Rubin Schron Rubin Schron No                              
17 Loan Courtyard St. Louis Downtown Convention Center N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Jeffrey J. Barone; Patrick J. Lowery Jeffrey J. Barone; Patrick J. Lowery No                              
18 Loan Grandview Shopping Center N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Matthew Florez Matthew Florez No                              
19 Loan Macedonia Commons 18,000,000 N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Lance F. Osborne Lance F. Osborne No                              
20 Loan Park Millennium Garage N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A L and R Auto Parks, Inc. L and R Auto Parks, Inc. No                              
21 Loan Coconut Grove Marketplace N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Hugo F. Aviles; Aviles Family Trust, Dated November 7, 2003; Gary C. Otto; The Otto Family Intervivos Trust, Dated October 24, 2002 Hugo F. Aviles; Aviles Family Trust, Dated November 7, 2003; Gary C. Otto; The Otto Family Intervivos Trust, Dated October 24, 2002 No                              
22 Loan Troy Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Bruce Federman; Brad Pincus Bruce Federman; Brad Pincus No                              
22.01 Property 894 Maplelawn Drive                                                            
22.02 Property 1352-1374 Rankin Drive                                                            
22.03 Property 1409 Allen Drive                                                            
22.04 Property 1151 Allen Drive                                                            
22.05 Property 1324-1346 Rankin Drive                                                            
22.06 Property 2354-2360 Bellingham Drive                                                            
22.07 Property 1376-1400 Rankin Drive                                                            
22.08 Property 1301-1307 Rankin Drive                                                            
22.09 Property 1101 Allen Drive                                                            
22.10 Property 1350 Rankin Drive                                                            
22.11 Property 1290 Maplelawn Drive                                                            
22.12 Property 1300-1322 Rankin Drive                                                            
23 Loan DoubleTree Berkeley Marina 38,750,000 N/A N/A N/A N/A N/A N/A N/A N/A Yes Mezzanine 10000000 Apollo Bright LLC Apollo Bright LLC No                              
24 Loan GM Logistics Center 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Nathaniel Hagedorn Nathaniel Hagedorn No                              
25 Loan Tuscany at St. Francis N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A CJPC, LLC CJPC, LLC No                              
26 Loan Floor & Décor / Garden Fresh Market N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Adi Mor Adi Mor No                              
26.01 Property Garden Fresh Market                                                            
26.02 Property Floor & Décor                                                            
27 Loan Hagerstown Multifamily Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Ben Shaool Ben Shaool No                              
27.01 Property Progress Homes                                                            
27.02 Property Pangborn                                                            
27.03 Property Walnut Point                                                            
27.04 Property Vetra Lane & Virginia Avenue                                                            
27.05 Property Dianne Drive                                                            
28 Loan Sarasota Retail Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Mathieu Rosinsky Mathieu Rosinsky No                              
28.01 Property 326-330 St. Armand’s Circle                                                            
28.02 Property 382-386 St. Armand’s Circle                                                            
28.03 Property 380 A&B St. Armand’s Circle                                                            
28.04 Property 374 St. Armand’s Circle                                                            
29 Loan JW Marriott Chicago 68,500,000 124,200,000 54.9% 1.92 10.4% 66,500,000 72.9% 1.26 7.9% No N/A N/A Lothar Estein Estein Holdings, Ltd. No                              
30 Loan 221-223 W. Ohio & 215 W. Ohio N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Gloria Flores Soto Gloria Flores Soto No                              
31 Loan The Boardwalk N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Mark Schurgin Mark Schurgin No                              
32 Loan Town & Country Shopping Center Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A William L. Hutchinson William L. Hutchinson No                              
32.01 Property Town & Country Shopping Center                                                            
32.02 Property Grand Junction Veterinary Clinic                                                            
33 Loan TZA Multifamily Portfolio I 100,000,000 N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Adam Hendry Adam Hendry No                              
33.01 Property Rolling Hills                                                            
33.02 Property Lakeland Manor                                                            
33.03 Property Kings Trail                                                            
33.04 Property Bella Mar                                                            
33.05 Property Del Rio                                                            
33.06 Property Timberfalls                                                            
33.07 Property Jacksonville Heights                                                            
33.08 Property Lago Bello                                                            
33.09 Property North Washington                                                            
33.10 Property Tanglewood                                                            
33.11 Property Mount Dora                                                            
33.12 Property Brandywyne                                                            
33.13 Property The Landings                                                            
33.14 Property Country Place                                                            
34 Loan Union Town Centre N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A R. Paul Smith; Daniel Katz R. Paul Smith; Daniel Katz Yes                              
35 Loan Holiday Inn Express - Costa Mesa N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Narendra B. Patel; Shetal N. Patel Narendra B. Patel; Shetal N. Patel Yes                              
36 Loan State Street Shopping Center N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A James Khezrie; Gabriel Khezrie James Khezrie; Gabriel Khezrie No                              
37 Loan Northside Drive Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Robert Dominy Robert Dominy No                              
37.01 Property Whispering Woods                                                            
37.02 Property Ashley Woods                                                            
38 Loan Fountain Plaza N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Peter Snowden; Kevin S. Pitts Peter Snowden; Kevin S. Pitts No                              
39 Loan Laird Vehicle R&D Facility N/A N/A N/A N/A N/A N/A N/A N/A N/A Yes Mezzanine The Combined Loan-to-Value Ratio will not be greater than 59.42% and the Combined Debt Service Coverage Ratio will not be less than 1.48x Peter K. Burton; Robert M. Katzman Peter K. Burton; Robert M. Katzman No                              
40 Loan Village at Westfork N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A R. Paul Smith, Daniel Katz R. Paul Smith, Daniel Katz Yes                              
41 Loan Red Roof Inn Erlanger N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Kunal H. Dave; Bankim Hirpara Kunal H. Dave; Bankim Hirpara No                              
42 Loan 401 West Ontario N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Sean J. Conlon; David A. Goldberg Sean J. Conlon; David A. Goldberg No                              
43 Loan Candlewood Suites Chambersburg N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Nandit Mehta; Aman J. Parekh Nandit Mehta; Aman J. Parekh No                              
44 Loan Holiday Inn Express & Suites Duncan N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Arpan Patel Arpan Patel No                              
45 Loan Del Amo Fashion Center 454,300,000 125,700,000 50.6% 2.63 10.1% N/A N/A N/A N/A No N/A N/A Simon Property Group, L.P.; Commingled Pension Trust Fund (Strategic Property) of JPMorgan Chase Bank, N.A. Simon Property Group, L.P. No                              
46 Loan Arizona Net Lease Properties N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Dmitry Levkov; Yury Smirnov Dmitry Levkov; Yury Smirnov No                              
46.01 Property Tutor Time                                                            
46.02 Property Drive Time                                                            
47 Loan Ephrata Commons N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Robert Heidenberg Robert Heidenberg No                              
48 Loan 6065 Hillcroft Plaza N/A N/A N/A N/A N/A N/A N/A N/A N/A Yes Mezzanine (i) Combined DSCR >= 1.30x, (ii) Combined LTV <= 70% Andrew J. Segal Andrew J. Segal No                              
49 Loan Flamingo Village Plaza N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Jeffrey D. Kabakoff Jeffrey D. Kabakoff No                              
50 Loan 3 Industrial Court N/A N/A N/A N/A N/A N/A N/A N/A N/A No N/A N/A Peter J. Saker, Jr.; Louis Saker; Matthew Saker Peter J. Saker, Jr.; Louis Saker; Matthew Saker No                              

 

 

 

 

  UBS 2017-C4
  Footnotes to Annex A-1
   
(1) UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (“UBS AG”), Société Générale (“SG”), Ladder Capital Finance LLC (“LCF”), Rialto Mortgage Finance, LLC (“RMF”), CIBC Inc. (“CIBC”), and Natixis Real Estate Capital LLC (“Natixis”).
   
(2) Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans.
   
(3) Loan No. 6 – 245 Park Avenue – The Number of Units is based on 1,723,993 contractual SF for the 245 Park Avenue Mortgaged Property. In accordance with current Real Estate Board of New York standards, the remeasured net rentable area for the 245 Park Avenue Mortgaged Property is 1,779,515 remeasured SF consisting of 1,720,136 remeasured SF of office space, 57,799 remeasured SF of retail space and 1,580 remeasured SF of lobby retail space. The 1,779,515 remeasured SF is the basis for future leasing at the 245 Park Avenue Mortgaged Property.
   
  Loan No. 10 – 50 Varick Street – The net rentable area of the 50 Varick Street Mortgaged Property is 158,574 SF, which includes 136,563 SF of office space and 22,011 SF of rooftop space.
   
(4) The Original Balance and Cut-off Date Balance represent only the Mortgage Loan included in the issuing entity. 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 Cut-off Date Balance Per Unit/SF are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. For more information regarding the Mortgage Loans secured by the Mortgaged Properties identified under the column heading in this Annex A-1 as 237 Park Avenue, Park West Village, The District,  245 Park Avenue, 50 Varick Street, Meridian Sunrise Village, Bank of America Office Campus Building 600, Macedonia Commons, DoubleTree Berkeley Marina, JW Marriott Chicago, TZA Multifamily Portfolio I, and Del Amo Fashion Center, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—Additional Indebtedness—The Whole Loans” in the preliminary prospectus. 
   
(5) Loan No. 1 – 237 Park Avenue – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the 237 Park Avenue Whole Loan is based on the “As-Is Assuming Reserves” value of $1,310,000,000 as of May 22, 2017, which assumes upfront reserves of $81,365,605 for capital expenditures and tenant improvements and leasing costs for recently signed leases in addition to a $7,500,000 escrow and letters of credit in an aggregate amount of $8,500,000 to cover interest and free rent payments, specifically for a portion of the free rent provided to The New York and Presbyterian Hospital and Her Majesty the Queen in Right of Canada spaces. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $1.2 billion “As-Is” appraised value are 29.0% and 29.0%, respectively.
   
  Loan No. 11 – DoubleTree Orlando – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the DoubleTree Orlando Mortgage Loan is based on the “As-Complete” value of $41.5 million as of June 30, 2018, which assumes the completion of a Property Improvement Plan which has been reserved for. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $34.8 million “As-Is” appraised value are 73.0% and 63.5%, respectively.
   
  Loan No. 26 – Floor & Décor / Garden Fresh Market – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Floor & Décor / Garden Fresh Market Mortgage Loan is based on the “Hypothetical As-Is” value of $20.225 million as of July 19, 2017, which assumes the completion of tenant improvements to the Floor & Décor space. At origination, the borrower deposited $2,000,000 into a tenant improvement reserve to cover the cost of such Floor & Décor tenant improvements. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $18.225 million “As-Is” appraised value are 70.8% and 59.0%, respectively.

 

 

 

 

(6) Loan No. 1 – 237 Park Avenue – The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of September 9, 2017. Following the lockout period, the borrower has the right to defease the 237 Park Avenue Whole Loan in whole, but not in part, on any date before February 9, 2027. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) 36 months after loan origination. For the purposes of this preliminary prospectus, the assumed lockout period of 26 months is based on the expected UBS 2017-C4 securitization closing date in October 2017. The actual lockout period may be longer.
   
  Loan No. 3 – Park West Village – The Park West Village Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized but prior to May 6, 2022.
   
  Loan No. 4 – The District – The District Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized but prior to May 6, 2027.
   
  Loan No. 6 – 245 Park Avenue – The lockout period for defeasance will be at least 28 payment dates beginning with and including the first payment date of July 1, 2017. Following the lockout period, the borrower has the right to defease the 245 Park Avenue Whole Loan in whole, but not in part, on any date before March 1, 2027. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) July 1, 2020. For the purposes of this preliminary prospectus, the assumed lockout period of 28 months is based on the expected UBS 2017-C4 securitization closing date in October 2017. The actual lockout period may be longer.
   
  Loan No. 10 – 50 Varick Street – The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 6, 2017. Following the lockout period, the borrower has the right to defease the 50 Varick Street Whole Loan in whole, but not in part, on any date before July 6, 2027. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) August 7, 2021. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2017-C4 securitization closing date in October 2017. The actual lockout period may be longer.
   
  Loan No. 12 – Meridian Sunrise Village – The Meridian Sunrise Village Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized but prior to July 6, 2027.
   
  Loan No. 15 – Bank of America Office Campus Building 600 – The yield maintenance period will be at least 28 payment dates beginning with and including the first payment date of July 6, 2017. Defeasance or yield maintenance in whole, but not in part, of the Bank of America Office Campus Building 600 Whole Loan is permitted on or after the date that is the earlier to occur of two years after the closing date of the securitization that includes the last pari passu note to be securitized, and May 23, 2020, and before March 6, 2027.
   
  Loan No. 19 – Macedonia Commons – The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 6, 2017. Following the lockout period, the borrower has the right to defease the Macedonia Commons Whole Loan in whole, but not in part, on any date before June 6, 2027. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) August 30, 2021. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2017-C4 securitization closing date in October 2017. The actual lockout period may be longer.
   
  Loan No. 23 – DoubleTree Berkeley Marina – The DoubleTree Berkeley Whole Loan can be defeased at any time after the date that is the earlier of (i) the fourth anniversary of the first payment date and (ii) two years after the closing date of the securitization that includes the last note to be securitized, but prior to June 6, 2027.
   
  Loan No. 45 – Del Amo Fashion Center – The lockout period for defeasance will be at least 28 payment dates beginning with and including the first payment date of July 1, 2017. Following the lockout period, the borrower has the right to defease the Del Amo Fashion Center Whole Loan in whole, but not in part, on any date before December 1, 2026. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) May 2, 2020. For the purposes of this preliminary prospectus, the assumed lockout period of 28 months is based on the expected UBS 2017-C4 securitization closing date in October 2017. The actual lockout period may be longer.

 

 

 

 

(7) Loan No. 4 – The District – Provided no event of default is continuing, the borrower may obtain the release of one or two parcels of land at the Mortgaged Property known as “Release Parcel CP3” and/or “Release Parcel WB” provided that, among other things: (i) with respect to Release Parcel WB, payment of an amount equal to 125% of the allocated loan amount for such parcel plus the applicable yield maintenance premium, (ii) delivery of a REMIC opinion, (iii) with respect to Release Parcel WB, the related ground lease is amended to remove Release Parcel WB from the tenant’s lease and, at the borrower’s election and if clause (i) has been satisfied, such tenant’s rent is reduced by a maximum of $100,000 per year and (iv) the lender receives evidence that a restrictive covenant is in place that prohibits the owner of the released parcel from violating any exclusive use restriction contained in any lease of the remaining Mortgaged Property.
   
  Loan No. 22 – Troy Portfolio – The borrower may obtain the release of an individual Mortgaged Property (except that the 1352-1374 Rankin Drive, 1324-1346 Rankin Drive, 1376-1400 Rankin Drive, 1350 Rankin Drive, and 1300-1322 Rankin Drive Mortgaged Properties may only be released together and not individually) by partial defeasance of a portion of the Mortgage Loan equal to the greater of (a) 125% of the allocated loan amount of the individual Mortgaged Property to be released, (b) after giving effect to such partial defeasance, an amount such that the DSCR for the remaining Mortgaged Properties is not less than the greater of (i) the DSCR at loan origination and (ii) the DSCR prior to release of the individual Mortgaged Property, (c) after giving effect to such partial defeasance, an amount such that the remaining DY is not less than the greater of (i) the DY at loan origination and (ii) the DY prior to release of the individual Mortgaged Property and (d) after giving effect to such partial defeasance, an amount such that the LTV for the remaining Mortgaged Properties is not more than the lesser of (i) the LTV at loan origination and (ii) the LTV prior to release of the individual Mortgaged Property.
   
  Loan No. 28 – Sarasota Retail Portfolio – The borrower has the right to obtain the release of up to three of the following Mortgaged Properties: (1) the 326 – 330 St. Armand’s Circle Mortgaged Property, (2) the 374 St. Armand’s Circle Mortgaged Property, (3) the 380 A&B St. Armand’s Circle Mortgaged Property, and/or (4) the 382 – 386 St. Armand’s Circle Mortgaged Property, by defeasing a portion of the loan, in the amount of the greater of (i) 125% of the allocated loan amount and (ii) the amount such that, as determined with respect to the remaining Mortgaged Properties and the remaining principal balance of the loan, the debt service coverage ratio, debt yield and loan-to-value ratio satisfy the conditions in the loan agreement. 
   
  Loan No. 32 – Town & Country Shopping Center Portfolio – The borrower has the right to obtain the release of the Grand Junction Veterinary Clinic Mortgaged Property by defeasing a portion of the loan, in the amount of the greater of (i) 125% of the allocated loan amount and (ii) the amount such that, as determined with respect to the remaining property and the remaining principal balance of the loan, the debt service coverage ratio, debt yield and loan-to-value ratio satisfy the conditions in the loan agreement. 
   
  Loan No. 33 – TZA Multifamily Portfolio I – On any payment date after the release date and prior to the permitted prepayment date, the borrower may defease the entire amount or a portion of the principal from the lien of the mortgage encumbering such property provided that, among others, the following conditions are satisfied: (i) no event of default has or will be continuing; (ii) in the case of a partial defeasance, the execution and delivery by borrower of all necessary documents to amend and restate the note and issue two substitute notes comprised of (a) a principal balance equal to the defeased portion of the original note and (b) a principal balance equal to the undefeased portion of the original note; and (iii) the borrower satisfies all of the requirements with respect to such defeasance including, without limitation, the rating comfort letter and opinion delivery requirements thereof.
   
(8) Loan No. 24 – GM Logistics Center 3 – The Mortgage Loan consists of both the fee and leasehold interests in the GM Logistics Center 3 Mortgaged Property. The GM Logistics Center 3 Mortgaged Property is subject to a ground lease with Warren County for a 20-year term, expiring on May 1, 2037. The borrower sponsor purchased the land on March 14, 2017 from Inter Model Transportation Authority, Inc. (“ITA”) for $1,342,500.  Following the purchase, in exchange for the benefits of the PILOT program, the borrower sponsor deeded back the land to ITA for no monetary consideration. As a result, ITA has record title to the land and leases the land back to the borrower sponsor. The ground lease may be collapsed at any time, reverting the leasehold interest to a fee simple interest, if the borrower sponsor chooses to forgo the PILOT program. The ground lease contains standard notice and cure rights so that the lender may maintain the tax benefits in the event of a default or termination of the ground lease.

 

 

 

 

(9) Loan No. 1 – 237 Park Avenue – The Whole Loan consists of both the fee and leasehold condominium interests in the 237 Park Avenue Mortgaged Property. The condominium units included in the collateral for the Whole Loan are subject to a ground lease between the 237 Park Avenue Fee Borrower as ground lessor and the 237 Park Avenue Declarant Borrower as ground lessee. The ground lease expires on April 27, 2057. The 237 Park Avenue Declarant Borrower is obligated to pay a base rent of $10.00 per annum for the entire term of the ground lease.
   
  Loan No. 21 – Coconut Grove Marketplace – Approximately 0.58 acres of the Mortgaged Property, representing 11.2% of total acreage, are encumbered by the Gregory Trust ground lease, which has a 55-year term expiring in November 2041.  Adjacent to the Mortgaged Property is a 0.33-acre parcel that functions as a sand volleyball court and contains drainage lines running from the Mortgaged Property.  An assignment of the leasehold rights of the 0.33-acre adjacent parcel to an affiliate of the borrower is contemplated to be completed within 18 months of origination. If the assignment is not completed during such period, then $892,000 of the initial purchase price, held back from the seller and escrowed at closing with the title company, will be transferred to the lender for future drainage construction, if required, and as additional collateral for the Mortgage Loan. 
   
(10) Loan No. 5 – Embassy Suites - Brea – The Mortgaged Property is subject to a 75-year ground lease with the City of Brea which expires on June 25, 2064, and has one 15-year renewal option remaining. The annual minimum rent is $100,000. In addition, only to the extent that it exceeds the annual minimum rent, percentage rent is payable equal to 3% of the sum of gross rooms revenue and gross lease revenue for the first 26 years of the lease-operating period ending November 14, 2025 and 3.5% of the sum of such amounts thereafter. 
   
  Loan No. 23 – DoubleTree Berkeley Marina – The Mortgaged Property is subject to a ground lease with the City of Berkeley, California for a 50-year term, expiring on December 31, 2058.  The current annual minimum rent is $734,916, which adjusts annually to the consumer price index and every 10 years at 60% of the average rent for prior three years, with the next 10-year adjustment occurring on January 1, 2026.  The percentage rent consists of 5.0% of hotel revenue less food and beverage revenue, 2.5% of food and beverage revenue, and 25% of related sublease revenue, which may increase or decrease based on fair market percentage rent by no more than 10% in either direction on the 10-year adjustment date.  
   
(11) Loan No. 9 – Fairmount at Brewerytown – Flying Fish Craft House – McSpuff, LLC, an affiliate of the related borrower, leases approximately 5.1% of the net rentable area at the Mortgaged Property.
   
  Loan No. 10 – 50 Varick Street – The second largest tenant, Spring Place New York, which is an affiliate of the borrower sponsor, leases 47.0% of the net rentable area at the Mortgaged Property. 
   
  Loan No. 26 – Floor & Décor / Garden Fresh Market – The largest tenant at the Garden Fresh Market Mortgaged Property, Garden Fresh Market, which is an affiliate of the borrower sponsor, leases 100.0% of the net rentable area at the Mortgaged Property.
   
  Loan No. 32 – Town & Country Shopping Center Portfolio – The fourth largest tenant at the Town & Country Shopping Center Mortgaged Property, Karla’s Showroom, which is an affiliate of the related borrower, leases approximately 5.8% of the net rentable area at the Mortgaged Property.  Reyna Landa, one of the owners of Karla’s Showroom, owns a 16.05% interest in the Mortgaged Property.
   
  Loan No. 42 – 401 West Ontario – the largest tenant, Conlon & Co, which occupies approximately 13,745 SF, representing 33.7% of net rentable area, is a borrower-affiliated tenant.
   
  Loan No. 49 – Flamingo Village Plaza – The fifth largest tenant, Charlon Development Corp, which is an affiliate of the borrower sponsor, leases 6.9% of the net rentable area at the Mortgaged Property. The base rent under the lease of $53,100 was underwritten; though the appraiser concluded that market rent was $28,800. UW NCF DSCR would be calculated as 1.42x using the appraiser’s market rent amount. The related Mortgage Loan documents require that the borrower sponsor guaranty the lease.

 

 

 

 

(12) Loan No. 2 – Preston Hollow – The fourth largest tenant, The Saxton Group, has the right to terminate the lease after September 30, 2020 by providing written notice no later than September 30, 2019 and payment of a termination fee equal to the unamortized cost of landlord’s contributions paid to the tenant and unamortized leasing commissions plus the sum of base rent for months 63, 64 and 65.
   
  Loan No. 6 – 245 Park Avenue – The largest tenant, Société Générale, has the right to terminate its lease its lease on October 31, 2022, with written notice on or before May 1, 2021. The terminable space is limited to the highest full floor or the two highest full floors, as long as both floors are contiguous, pursuant to the lease.
   
  Loan No. 12 – Meridian Sunrise Village – The fourth largest tenant, U.S. Army Medical Command, has lease obligations which are contingent upon the availability of annually appropriated funds and the tenant may terminate the lease, in whole or in part, at any time after June 30, 2018, upon 180 days’ notice, provided that in the case of a partial termination, the space made available to landlord due to such partial termination must be suitable for leasing.
   
  Loan No. 13 – 4055 10th Avenue – The largest tenant, New York City Human Resources Administration, has the one time right to terminate its lease effective as of September 20, 2022, the 15th anniversary of the commencement date of the lease, upon (i) prior notice is given to landlord no later than the day immediately preceding the 14th anniversary of the commencement date and (ii) payment to landlord in the amount of $400,000 on or before the date that is 90 days after the delivery of tenant’s termination notice.
   
  Loan No. 14 – 1600 Corporate Center – The third largest tenant, HQ Global Workplaces LLC, has the one time option on June 30, 2022, with written notice provided by August 31, 2021, to terminate its lease. Upon termination, HQ Global Workplaces LLC will pay to landlord, a termination fee of an amount equal to the sum of the unamortized (i) Fifth Amendment Allowance funded by landlord, (ii) the Amendment Rent Credit, and (iii) the legal fees and brokerage commissions paid by landlord in connection with the Amendment, amortized over a period of seven years and seven months applying an 8.0% per annum interest rate. The termination option will automatically terminate and become null and void upon Tenant’s right to possession of the 1600 Corporate Center Mortgaged Property being terminated prior to the exercise of the termination option.
   
  Loan No. 30 – 221-223 W. Ohio & 215 W. Ohio – The third largest tenant, JMW Technologies, has the right to terminate its lease effective as of March 31, 2023 upon 90 days’ prior notice and payment of a termination fee.
   
  Loan No. 32 – Town & Country Shopping Center Portfolio – The fourth largest tenant at the Town & Country Shopping Center Mortgaged Property, Karla’s Showroom, has the right to terminate its lease upon 10 days’ notice.
   
  Loan No. 36 – State Street Shopping Center – The third largest tenant, Walgreens, has the right to terminate its lease upon 12 months’ notice beginning July 31, 2019 and continuing every five years thereafter.   
   
  Loan No. 36 – State Street Shopping Center – The fourth largest tenant, Fashion Gallery, has the right to terminate its lease if its gross sales do not exceed $800,000 for any full calendar year of the lease term, upon 30 days’ notice submitted between January 1 and June 30 of the subsequent calendar year. Fashion Gallery sales were not available as it is a new tenant with a lease commencement date of April 2017.
   
  Loan No. 38 – Fountain Plaza – The largest tenant, Western Youth Services, has the right to terminate its lease upon four full calendar months’ prior notice and payment of a termination fee equal to unamortized free rent, tenant improvements and leasing commissions. Western Youth Services has been in occupancy for over 15 years and the stated lease expiration is November 30, 2019.
   
  Loan No. 39 – Laird Vehicle R&D Facility – The sole tenant, Laird Technologies, has the right to terminate at any time after May 1, 2027 with no less than 12 to 18 months’ prior written notice accompanied by a payment equal to the balance of all rental payments due from the effective date of the termination through the end of the initial term discounted at 25% on a monthly basis, plus the costs, if any, incurring with its lender as a result of the early termination.
   
  Loan No. 42 – 401 West Ontario – The third largest tenant, Radar, which occupies approximately 7,725 SF, representing 18.9% of net rentable area, has the right to terminate its lease anytime with six months’ written notice, without penalty payment.
   
  Loan No. 45 – Del Amo Fashion Center – The fifth largest tenant, Burlington Coat Factory, has the right to terminate its lease any time upon providing 270 days’ prior written notice to the landlord.

 

 

 

 

(13) Loan No. 1 – 237 Park Avenue – The second largest tenant, JP Morgan Chase, subleases 58,654 SF to Stifel, Nicolaus & Company, Incorporated through May 31, 2020.
   
  Loan No. 6 – 245 Park Avenue – The largest tenant, Société Générale, subleases 72,850 contractual SF to two subtenants consisting of 36,425 contractual SF to Brunswick Group and 36,425 contractual SF to MIO Partners through October 30, 2022. The second largest tenant, JP Morgan Chase Bank, subleases 189,686 SF to four subtenants consisting of 90,556 contractual SF to Houlihan Lokey Inc., 49,133 contractual SF to The Nemec Agency, 34,058 contractual SF to Pierpont Capital Holdings LLC and 15,939 contractual SF to JLL through October 30, 2022. The Number of Units for the second largest tenant does not include the 562,347 SF subleased to Société Générale as Société Générale executed a direct lease which begins November 1, 2022. The third largest tenant, Major League Baseball, subleases 72,750 SF to three subtenants consisting of 37,385 contractual SF to the National Bank of Australia, 24,840 contractual SF to Houlihan Lokey Inc. and 10,525 contractual SF to Anthos USA Inc. through October 31, 2022.
   
  Loan No. 19 – Macedonia Commons – The third largest tenant, Tops Markets, subleases 54,127 SF to Hobby Lobby through December 31, 2019. The lease and the sublease are coterminous and Hobby Lobby’s rent payments in the sublease are identical to the rent owed under the direct lease.
   
(14) Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
  Loan No. 1 – 237 Park Avenue – The lease of the largest tenant, The New York and Presbyterian Hospital, commenced on June 29, 2017. The New York and Presbyterian Hospital is currently in the process of building out their space and is expected to commence paying rent on January 12, 2019. At origination, the borrower reserved $7,500,000, in addition to $8,500,000 in the form of three letters of credit, for interest payment shortfalls and $81,365,605 for outstanding tenant improvements, leasing commissions and contractor work for The New York and Presbyterian Hospital and Her Majesty the Queen in Right of Canada spaces.
   
  Loan No. 1 – 237 Park Avenue – The lease of the fifth largest tenant, Her Majesty the Queen in Right of Canada, commenced on August 1, 2016. Her Majesty the Queen in Right of Canada is expected to commence paying rent in November 1, 2017. At origination, the borrower reserved $7,500,000, in addition to $8,500,000 in the form of three letters of credit, for interest payment shortfalls and $81,365,605 for outstanding tenant improvements, leasing commissions and contractor work for The New York and Presbyterian Hospital and Her Majesty the Queen in Right of Canada spaces.
   
  Loan No. 31 – The Boardwalk – The third largest tenant, Fit Bites Grill, recently executed a seven-year lease and has six months to complete their plans and buildout from their June 2017 lease execution. They are expected to open for business in December 2017. At origination, $60,000 was deposited into a tenant improvement reserve and $34,000 was deposited into a rent reserve for the Fit Bites Grill tenant.
   
  Loan No. 50 – 3 Industrial Court – The second largest tenant, One Source, expects to take possession of its 4,500 SF expansion space on October 1, 2017. One Source expects to take occupancy and commence paying rent on the expansion space on November 1, 2017. 
   
(15) Loan No. 6 – 245 Park Avenue – The borrower will be required to make a monthly deposit of $446,775 into the TI/LC Reserve beginning on the payment date in May 2025. The borrower is permitted to deliver a letter of credit in accordance with the 245 Park Avenue Whole Loan documents in lieu of any cash reserve.
   
  Loan No. 9 – Fairmount at Brewerytown – There are currently no condominium common charges payable to the condominium.  In the event that in the future the borrower is required to pay condominium charges under the condominium documents, the borrower will be required to deposit with the lender on each monthly payment date an amount equal to the condominium common charges due and payable on the next due date for such condominium common charges.  
   
  Loan No. 17 – Courtyard St. Louis Downtown Convention Center – On each payment date from October 1, 2017 through May 1, 2020, the borrower will be required to deposit the Redevelopment Obligations Monthly Deposit Amount into to the Redevelopment Obligations Reserve. “Redevelopment Obligations Monthly Deposit” will equal (A) on each payment date through May, 2018, the greater of $20,000 and the-then current Redevelopment Obligations Reserve True-Up Amount; (B) on each payment date from June, 2018 through May, 2019, the greater of $22,500 and the then-current Redevelopment Obligations Reserve True-Up Amount; and (C) on each payment date from June, 2019 through May, 2020, the then-current Redevelopment Obligations Reserve True-Up Amount. “Redevelopment Obligations Reserve True-Up Amount will mean an amount, as determined by lender in its reasonable discretion once per calendar quarter, such that the balance in the Redevelopment Obligations Reserve will equal the following: (A) until the payments due under the Redevelopment Agreement in June, 2019 have been paid in full, an amount equal to $300,000 above the aggregate of all payments due under the Redevelopment Agreement during the next succeeding 12-month period, and (B) from and after payment of the amounts due under the Redevelopment Agreement in June, 2019, an amount equal to all remaining payments due under the Redevelopment Agreement. In determining the Redevelopment Obligations Reserve True-Up Amount, lender will give credit to the borrower for revenues generated to date by the mortgaged property that result in credits or offsets to the payments due under the Redevelopment Agreement.

 

 

 

 

  Loan No. 17 – Courtyard St. Louis Downtown Convention Center – Soft Goods PIP Reserve: On each payment date from June, 2019 through May, 2020, the borrower is required to deposit $25,000 into the Soft Goods PIP Reserve to be held as security for the borrower’s performance of any soft goods PIP required pursuant to the franchise agreement.
   
  Loan No. 17 – Courtyard St. Louis Downtown Convention Center – On each payment date during a Case Goods PIP Reserve Deposit Period (either (A) beginning on October 1, 2025 through the payment date before the maturity date, or (B) such earlier period beginning when the borrower receives notice that a case goods PIP is required and ending on the date on which such case goods PIP is required to be completed), the borrower is required to deposit the Case Goods PIP Reserve Monthly Deposit into the Case Goods PIP Reserve to be held for the borrower’s performance of any case goods PIP required under to the franchise agreement. If a Case Goods PIP Reserve Deposit Period commences and no Case Goods PIP Deferral exists, then the Lender will make a one-time transfer from the FF&E Reserve to the Case Goods PIP Reserve in an amount equal to the lesser of (A) $500,000 and (B) the balance in the FF&E Reserve as of the commencement of such Case Goods PIP Reserve Deposit Period. “Case Goods PIP Reserve Monthly Deposit” will mean: (A) (1) (a) $1,650,000, minus (b) the balance in the Case Goods PIP Reserve as of such date (after giving effect to any transfer from the FF&E Reserve), divided by (2) the number of payment dates during the Case Goods PIP Reserve Deposit Period; or (B) if a Case Goods PIP Deferral has been received, $22,583.33, or (C) if neither clause (A) nor clause (B) above applies, (1) (a) $1,650,000 minus (b) the balance in the Case Goods PIP Reserve as of such date (after giving effect to any transfer from the FF&E Reserve), divided by (2) 24. “Case Goods PIP Deferral” will mean that borrower has delivered to lender evidence that the franchisor has agreed that no Case Goods PIP shall be required at any time prior to the date that is four (4) years after the scheduled maturity date of the Mortgage Loan.
   
  Loan No. 21 – Coconut Grove Marketplace – The borrower will be required to make monthly deposits in the Gregory Trust Ground Lease Reserve, beginning in the 37th month of the term, in an amount equal to the difference of the monthly debt service payment based on (i) a 20-year amortization schedule and (ii) a 30-year amortization schedule, to be held by the lender as additional collateral for the loan.  In the event the borrower (i) extends the applicable ground lease by a term of no less than 20 years from the current expiration date or (ii) acquires the fee estate interest in the ground lease, the funds in the Gregory Trust Ground Lease Reserve will be released to the borrower.
   
  Loan No. 29 – JW Marriott Chicago – Upon termination of the management agreement and the failure of the borrower to enter into a replacement franchise agreement that adequately reserves for FF&E replacements, the borrower will be required to make monthly deposits into an FF&E reserve in an amount of 1/12 of 4.0% of gross revenues generated at the property for the previous calendar year.
   
  Loan No. 41 – Red Roof Inn Erlanger – The borrower deposited $35,000 at loan origination into a seasonal reserve.  Ongoing seasonal payments will be deposited monthly in an amount of $5,000 on each payment date occurring during the period between May and November, inclusive. The seasonal reserve is capped at $35,000.
   
  Loan No. 43 – Candlewood Suites Chambersburg – The monthly capital expenditure deposit equals the greater of (a) (i) during the first 24 months of the loan term, 1/12 of 2.0% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; (ii) during months 25 through 36, 1/12 of 3.0% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; (iii) during months 37 through maturity, 1/12 of 4.0% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs; and (b) the aggregate amount required to be reserved under the management agreement and the franchise agreement.
   
  Loan No. 44 – Holiday Inn Express & Suites Duncan – FF&E Reserve: The borrower will be required to deposit 1/12 of 4.0% of gross revenues monthly into the FF&E Reserve beginning on the payment date in June 2018. 
   
  Loan No. 44 – Holiday Inn Express & Suites Duncan – PIP Reserve: The borrower is required to deposit $41,667 monthly into the PIP Reserve for the first 12 months of the loan term.
   
(16) Loan No. 11 – DoubleTree Orlando – Ongoing seasonality payments of $32,000 will be deposited monthly on each payment date occurring during the period between January and May, inclusive.
   
  Loan No. 23 – DoubleTree Berkeley Marina – The borrower deposited $310,000 at loan origination into a seasonality reserve for the Mortgaged Property’s non-peak months of December and January.  The seasonality reserve will be disbursed as needed and funded with monthly deposits on payment dates.   

 

 

 

 

(17) Loan No. 17 – Courtyard St. Louis Downtown Convention Center – FF&E Reserve: The monthly FF&E Reserve payment is equal to 1/12 of 3.0% of gross revenues through August 2018, thereafter it will be equal to 1/12 of 4.0% of gross revenues. 
   
  Loan No. 19 – Macedonia Commons – TI/LC Reserve: On each Payment Date for the 36 payments of interest-only, the borrower is required to deposit an additional $1.70 per square foot per year collected monthly for tenant improvements and leasing commissions. If Cinemark, Kohl’s, or Hobby Lobby renews the term of its lease for five years or more, then the additional reserve will be reduced by $0.20 per square foot in each such instance during the interest-only period.
   
  Loan No. 24 – GM Logistics Center 3 – The GM Logistics Center 3 Mortgaged Property is subject to a 20-year PILOT program entered into with Warren County in which the borrower is required to deposit a percentage of assessed property taxes through the Mortgage Loan term and according to the following the schedule: Years 1-8 (25%); Years 9-13 (50%); Years 14-20 (75%).
   
(18) Loan No. 9 – Fairmount at Brewerytown – The environmental site assessment obtained at origination identified the investigative and remedial activities associated with the presence of the chlorinated solvent tetrachloroethylene (“PCE”) in soil, groundwater and soil vapor at concentrations above the applicable standards set forth by Pennsylvania Department of Environmental Protection (“PADEP”) at the Mortgaged Property as a recognized environmental concern. The environmental site assessment recommends continuing current efforts to address PCE contamination until such time the standards meet the PADEP requirements with no further action.  
   
  Loan No. 49 – Flamingo Village Plaza – The Phase I environmental assessment reported that dry cleaning operations conducted at the Mortgaged Property from 2003 to June 2016 constituted a recognized environmental condition and recommended that a subsurface investigation be performed to evaluate perchloroethylene (“PCE”) impacts at the Mortgaged Property. A limited Phase II subsurface investigation indicated that the release of chlorinated solvents had occurred but that groundwater was not expected to have been significantly impacted, vapor intrusion was not considered a concern and no further investigation was warranted. The environmental engineer recommended that: (1) the four drums of soil cuttings generated in connection with the subsurface investigation be properly disposed; (2) if PCE- based dry cleaning would no longer be conducted at the Mortgaged Property, the dry cleaning equipment should be removed and the residual waste be properly disposed, and (3) upon completion of removal and disposal activities, a deactivation request (for the Mortgaged Property’s status as a Small Quantity Generator of hazardous waste) be submitted to the Nevada Department of Environmental Protection (“NDEP”). The total cost to remove the dry cleaning equipment and transport the disposal safely was estimated by the environmental engineer to be $5,449. At loan origination, CIBC reserved $10,897 (200% of estimated environmental remediation costs) to be used towards the cost of remediation. The borrower removed all dry cleaning equipment and received a deactivation letter from the NDEP in May 2017, and the reserve was released to the borrower.
   
(19) Loan No. 1 – 237 Park Avenue – The borrower obtained an environmental legal liability coverage insurance policy. Under the policy, per incident and aggregate limits is $5,000,000. The deductible per incident is $50,000. The environmental legal liability coverage policy provided is from Zurich American Insurance Company and the premium was paid in full at origination. The policy cannot be amended or cancelled by the borrower without the prior written consent of the lender.
   
  Loan No. 9 – Fairmount at Brewerytown – The borrower obtained an Environmental Impairment Liability form of insurance policy from Lloyd’s of London to insure the Mortgaged Property.  The policy period has a term of ten years and 30 days.  The per-incident and aggregate limit is $3,000,000 for each pollution condition and $3,000,000 in the aggregate.  

 

 

 

 

(20) Environmental Insurance In Lieu of Phase II

 

  Mortgage Loan   % of Initial        
Loan       Cut-off Date   Outstanding   Maximum Policy   Premium Paid in
No.   Mortgage Loan   Balance   Pool Balance   Amount   Full
1   237 Park Avenue   $50,000,000   6.1%   $5,000,000   Yes
                     
9   Fairmount at Brewerytown   $28,000,000   3.4%   $3,000,000   Yes

 

(21) For more information see “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the preliminary prospectus.
 
(22) Summary of Future Permitted Subordinate Debt

 

            % of Initial            
Loan       Mortgage Loan   Outstanding Pool   Intercreditor   Combined   Combined
No.   Mortgage Loan   Cut-off Date Balance   Balance   Agreement   Minimum DSCR   Maximum LTV
1   237 Park Avenue   $50,000,000   6.1%   Yes   1.10x   65.0%
                         
39   Laird Vehicle R&D Facility   $7,237,157   0.9%   Yes   1.48x   59.4%

 

(23) Loan No. 10 – 50 Varick Street – The largest tenant, Spring Studios New York LLC, and the second largest tenant, Spring Place New York, have rent abatements for the first three months of their leases in the aggregate amount of $1,844,282. At origination, an upfront free rent reserve of $1,844,282 was taken to cover the rent abatement period ending November 6, 2017.
   
(24) Loan No. 41 – Red Roof Inn Erlanger – the Mortgaged Property is currently flagged as a Red Roof Inn and the current franchise agreement is expected to terminate on October 1, 2017. After the franchise termination, the Mortgaged Property is expected to be re-flagged to a Country Inn & Suites. The Franchise Agreement Expiration Date reflects the franchise termination date of the current Red Roof Inn franchise agreement.
   
(25) Loan No. 20 – Park Millennium Garage – The Mortgaged Property,  operated as a “park and pay” parking garage, is operated by ABM Parking Services, Inc., a third party operator, subject to an operating lease that expires in February 2018. Upon expiration of the third party operating lease, one of the co-borrowers will operate the parking garage pursuant to a master lease with the other co-borrower. The triple-net master lease requires rent in an amount equal to $1.6 million per annum (paid monthly).