FWP 1 n1366_anxa1-x5.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207340-14
     

 

     
     
 

UBS Commercial Mortgage Trust 2018-C13 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, Natixis Securities Americas LLC, Cantor Fitzgerald & Co., CIBC World Markets Corp., Drexel Hamilton, LLC and 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) Cross-Collateralized and Cross-Defaulted Address City County State Zip Code General Property Type Specific Property Type Number of Properties Year Built Year Renovated
1 Loan 1670 Broadway UBS AG No 1670 Broadway Denver Denver CO 80202 Office CBD 1 1980 2018
2 Loan The Buckingham UBS AG No 59 East Van Buren Street Chicago Cook IL 60605 Multifamily Student Housing 1 1927 / 1929 2006 / 2007
3 Loan Lower Makefield Corporate Center - South RMF No 770, 790 and 800 Township Line Road Lower Makefield Township Bucks PA 19067 Office Suburban 1 2001 - 2006 2018
4 Loan Christiana Mall SG No 132 Christiana Mall Newark New Castle DE 19702 Retail Super Regional Mall 1 1978 2014
5 Loan Wyvernwood Apartments UBS AG No 2901 East Olympic Boulevard Los Angeles Los Angeles CA 90023 Multifamily Garden 1 1939 1963, 2000
6 Loan Pier 1 Imports Headquarters Natixis No 100 Pier 1 Place Fort Worth Tarrant TX 76102 Office CBD 1 2004 N/A
7 Loan Village at Beech Hill UBS AG No 120 Beech Hill Avenue Manchester Hillsborough NH 03103 Multifamily Garden 1 1973-1974 N/A
8 Loan Silverado Ranch Place UBS AG No 9770, 9850, 9890 South Maryland Parkway & 1263 East Silverado Ranch Boulevard Las Vegas Clark NV 89183 Retail Shadow Anchored 1 2003 N/A
9 Loan Barrywoods Crossing UBS AG No 8121-8341 Northwest Roanridge Road Kansas City Platte MO 64151 Retail Anchored 1 1997 N/A
10 Loan Shelbourne Global Portfolio I CCRE No Various Various Various NJ Various Various Various 7 Various Various
10.01 Property 1515 Broad Street CCRE No 1515 Broad Street Bloomfield Essex NJ 07003 Office Flex 1 1968 2009
10.02 Property 140 Centennial Avenue CCRE No 140 Centennial Avenue Piscataway Township Middlesex NJ 08854 Industrial Flex 1 1969 2006, 2012
10.03 Property 675 Central Avenue CCRE No 675 Central Avenue New Providence Union NJ 07974 Office Suburban 1 1955 2004
10.04 Property 275 Centennial Avenue CCRE No 275 Centennial Avenue Piscataway Township Middlesex NJ 08854 Industrial Flex 1 1973 N/A
10.05 Property 691 Central Avenue CCRE No 691 Central Avenue New Providence Union NJ 07974 Office Suburban 1 1957 2008, 2009
10.06 Property 80 Kingsbridge Road CCRE No 80 Kingsbridge Road Piscataway Township Middlesex NJ 08854 Industrial Warehouse/Distribution 1 1974 N/A
10.07 Property 20 Kingsbridge Road CCRE No 20 Kingsbridge Road Piscataway Township Middlesex NJ 08854 Office Suburban 1 1974 N/A
11 Loan Ellsworth Place RMF No 8661 Colesville Road; 8645 Colesville Road Silver Spring Montgomery MD 20910 Retail Anchored 1 1947 2014-2015
12 Loan Wendland Plaza UBS AG No 901, 1001, 1033 and 1101 South Fort Hood Street Killeen Bell TX 76541 Retail Anchored 1 1979 / 2008 N/A
13 Loan Medtronic Santa Rosa CCRE No 3850 & 3880 Brickway Boulevard Santa Rosa Sonoma CA 95403 Office Suburban 1 2000 N/A
14 Loan 121 East Maryland Street Parking Garage UBS AG No 121 East Maryland Street Indianapolis Marion IN 46204 Other Parking Garage 1 1987 2012
15 Loan Fort Wayne Hotel Portfolio SG No Various Fort Wayne Allen IN 46804 Hospitality Various 2 Various N/A
15.01 Property Hilton Garden Inn SG No 8615 US Highway 24 West Fort Wayne Allen IN 46804 Hospitality Select Service 1 2002 N/A
15.02 Property Homewood Suites SG No 8621 US Highway 24 West Fort Wayne Allen IN 46804 Hospitality Extended Stay 1 2011 N/A
16 Loan Arizona Pavilions West CCRE No 5947 West Arizona Pavilions Drive Marana Pima AZ 85743 Retail Anchored 1 2017 N/A
17 Loan Riverwalk CCRE No 354, 360, 500, and 500A Merrimack Street Lawrence Essex MA 01843 Office Suburban 1 1901, 2007 2007
18 Loan Valley View Shopping Center SG No 1900-1920 Valley View Boulevard Northwest Roanoke Roanoke VA 24012 Retail Anchored 1 1987 2018
19 Loan Quala UBS AG No Various Various Various Various Various Industrial Warehouse 6 Various Various
19.01 Property Quala - Pasadena UBS AG No 5100 Underwood Road Pasadena Harris TX 77507 Industrial Warehouse 1 2005 N/A
19.02 Property Quala - Joliet UBS AG No 1861 Terry Drive Joliet Will IL 60436 Industrial Warehouse 1 2000 & 2014 N/A
19.03 Property Quala - Saint Gabriel UBS AG No 4150 Highway 30 St. Gabriel Iberville Parish LA 70776 Industrial Warehouse 1 1990 2013
19.04 Property Quala - Cedar Rapids UBS AG No 345 Waconia Court Southwest Cedar Rapids Linn IA 52404 Industrial Warehouse 1 1986 2017
19.05 Property Quala - Neenah UBS AG No 1650 North Street Neenah Winnebago WI 54956 Industrial Warehouse 1 1994 N/A
19.06 Property Quala - Saraland UBS AG No 202 Commerce Drive Saraland Mobile AL 36571 Industrial Warehouse 1 1998 N/A
20 Loan Linden Pointe UBS AG No 4801-4805 Montgomery Road Cincinnati Hamilton OH 45212 Mixed Use Office/Retail 1 2006 N/A
21 Loan Manor Parking Garage UBS AG No 564 Forbes Avenue Pittsburgh Allegheny PA 15219 Other Parking Garage 1 1958 1985
22 Loan County Line Plaza UBS AG No 1039 East County Line Road Jackson Hinds MS 39211 Retail Anchored 1 1997 N/A
23 Loan Aspect RHG Hotel Portfolio SG No Various Various Various Various Various Hospitality Various 4 Various Various
23.01 Property Hilton Garden Inn Nashville Smyrna SG No 2631 Highwood Boulevard Smyrna Rutherford TN 37167 Hospitality Select Service 1 2006 2015
23.02 Property Aloft Hotel Broomfield SG No 8300 Arista Place Broomfield Broomfield CO 80021 Hospitality Select Service 1 2009 2016
23.03 Property Hampton Inn Nashville Smyrna SG No 2573 Highwood Boulevard Smyrna Rutherford TN 37167 Hospitality Limited Service 1 2005 2015
23.04 Property Hyatt Place Phoenix North SG No 10838 North 25th Avenue Phoenix Maricopa AZ 85029 Hospitality Select Service 1 1998 2016
24 Loan Ocean Point RMF No 5411, 5421, 5431, 5441 and 5451 Avenida Encinas Carlsbad San Diego CA 92008 Industrial Flex 1 1985 2016
25 Loan Residence Inn Chicago Deerfield CCRE No 530 Lake Cook Road Deerfield Lake IL 60015 Hospitality Extended Stay 1 1989 2018
26 Loan Belle Mill Landing UBS AG No 84-116 Belle Mill Road Red Bluff Tehama CA 96080 Retail Anchored 1 1982 N/A
27 Loan Westside Market Place Shopping Center RMF No 1501-1575 Westside Drive Rolla Phelps MO 65401 Retail Anchored 1 2018 N/A
28 Loan Residence Inn Boston Danvers CCRE No 51 Newbury Street Route 1 Danvers Essex MA 01923 Hospitality Extended Stay 1 1989 2018
29 Loan Laguna Village SG No 5835-5965 West Ray Road Chandler Maricopa AZ 85226 Retail Anchored 1 1988 N/A
30 Loan Home 2 Suites Lake City SG No 414 Southwest Florida Gateway Drive Lake City Columbia FL 32024 Hospitality Extended Stay 1 2016 N/A
31 Loan Trinity Park CIBC No 925 & 935 South Kimball Avenue Southlake Tarrant TX 76092 Mixed Use Industrial/Office 1 2015 N/A
32 Loan Cabrillo Plaza CIBC No 3990 Old Town Avenue San Diego San Diego CA 92110 Office Suburban 1 1984 2012
33 Loan 1015 Locust UBS AG No 1015 Locust Street St. Louis St. Louis City MO 63101 Office CBD 1 1921 1991
34 Loan Country Inn & Suites Gainesville SG No 4015 Southwest 43rd Street Gainesville Alachua FL 32608 Hospitality Limited Service 1 2005 2017
35 Loan Westgate Center UBS AG No 1140-1230 West Main Street Merced Merced CA 95340 Retail Anchored 1 1976 2018
36 Loan DoubleTree by Hilton Hotel Santa Fe RMF No 4048 Cerrillos Road Santa Fe Santa Fe NM 87505 Hospitality Full Service 1 1986 2016, 2017
37 Loan Kohl’s - Fort Smith UBS AG No 7801 Rogers Avenue Fort Smith Sebastian AK 72903 Retail Single Tenant 1 1999 2018
38 Loan Scottsdale Haciendas UBS AG No 985 North Granite Reef Road Scottsdale Maricopa AZ 85257 Multifamily Garden 1 1985 2008-2010
39 Loan Country Square UBS AG No 8558 South 1300 East Sandy Salt Lake UT 84094 Mixed Use Office/Retail 1 1977 2000
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce RMF No 6502 Metal Drive Fort Pierce St. Lucie FL 34945 Hospitality Limited Service 1 2008 2015-2017
41 Loan Forest Oaks Plaza SG No 5007 North Davis Highway Pensacola Escambia FL 32503 Retail Anchored 1 1990 2016
42 Loan 1000 Buffalo Road SG No 1000 Buffalo Road Lewisburg Union PA 17837 Industrial Manufacturing 1 1998 N/A
43 Loan Quality Inn & Suites Florence Natixis No 30 Cavalier Boulevard Florence Boone KY 41042 Hospitality Limited Service 1 1987 2016
44 Loan Holiday Inn Express - Brooksville SG No 30455 Cortez Boulevard Brooksville Hernando FL 34602 Hospitality Limited Service 1 2008 N/A
45 Loan 4 Lotus Boulevard CIBC No 4 Lotus Boulevard Hackettstown Morris NJ 07840 Self Storage Self Storage 1 2001 2004, 2007
46 Loan Eastern Courtyard UBS AG No 3920-3950 South Eastern Avenue Las Vegas Clark NV 89119 Office Suburban 1 1985 N/A
47 Loan Best Western Travelers Rest CIBC No 110 Hawkins Road Travelers Rest Greenville SC 29690 Hospitality Limited Service 1 1997 2016
48 Loan 8950 Old FM 1405 RMF No 8950 FM 1405 Baytown Chambers TX 77523 Industrial Warehouse 1 2001, 2007 N/A
49 Loan CVS Pompano Beach RMF No 1501 South Federal Highway Pompano Beach Broward FL 33060 Retail Single Tenant 1 2000 N/A
50 Loan Country Inn & Suites - Vero Beach I 95 RMF No 9330 19th Lane Vero Beach Indian River FL 32966 Hospitality Limited Service 1 2006 2015 - 2017
51 Loan Country Inn & Suites Norcross CIBC No 5970 Jimmy Carter Boulevard Norcross Gwinnettt GA 30071 Hospitality Limited Service 1 1999 2018
52 Loan Magnolia Village RMF No 651 North Denton Tap Road Coppell Dallas TX 75019 Retail Unanchored 1 2001 N/A
53 Loan A Storage Place - Fortuna UBS AG No 11707 South Fortuna Road Yuma Yuma AZ 85367 Self Storage Self Storage 1 1986 N/A

 

A-1-1

 

 

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

 

Mortgage Loan Number Property Flag Property Name Number of Units(19) Unit of Measure Cut-off Date Balance Per Unit/SF(3) Original Balance(3) Cut-off Date Balance(3) % 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 Total Administrative Fee Net Mortgage Rate
1 Loan 1670 Broadway 703,654 Sq. Ft. 111 48,000,000 48,000,000 6.7% 9/6/2023 48,000,000 No N/A 8/16/2018 10/6/2018 6 3.851100% 0.015150% 3.835950%
2 Loan The Buckingham 454 Beds 99,780 45,300,000 45,300,000 6.3% 8/6/2028 40,548,665 No N/A 7/27/2018 9/6/2018 6 5.522000% 0.015150% 5.506850%
3 Loan Lower Makefield Corporate Center - South 276,533 Sq. Ft. 122 33,750,000 33,750,000 4.7% 9/6/2028 31,029,762 No N/A 9/5/2018 10/6/2018 6 4.790000% 0.015150% 4.774850%
4 Loan Christiana Mall 779,084 Sq. Ft. 434 30,000,000 30,000,000 4.2% 8/1/2028 30,000,000 No N/A 7/12/2018 9/1/2018 1 4.277500% 0.015150% 4.262350%
5 Loan Wyvernwood Apartments 1,175 Units 66,383 28,000,000 28,000,000 3.9% 7/6/2023 28,000,000 No N/A 7/6/2018 8/6/2018 6 3.672800% 0.015150% 3.657650%
6 Loan Pier 1 Imports Headquarters 409,977 Sq. Ft. 134 28,000,000 28,000,000 3.9% 9/5/2028 25,771,907 No N/A 8/15/2018 10/5/2018 5 4.862000% 0.015150% 4.846850%
7 Loan Village at Beech Hill 320 Units 85,000 27,200,000 27,200,000 3.8% 9/6/2028 24,342,341 No N/A 8/20/2018 10/6/2018 6 5.515210% 0.015150% 5.500060%
8 Loan Silverado Ranch Place 188,197 Sq. Ft. 115 21,700,000 21,673,947 3.0% 9/6/2028 17,843,748 No N/A 9/7/2018 10/6/2018 6 5.004200% 0.015150% 4.989050%
9 Loan Barrywoods Crossing 245,037 Sq. Ft. 127 21,000,000 21,000,000 2.9% 9/6/2028 17,915,163 No N/A 9/5/2018 10/6/2018 6 5.363300% 0.015150% 5.348150%
10 Loan Shelbourne Global Portfolio I 640,983 Sq. Ft. 145 20,000,000 20,000,000 2.8% 10/6/2028 20,000,000 No N/A 9/7/2018 11/6/2018 6 5.853000% 0.015150% 5.837850%
10.01 Property 1515 Broad Street 290,009 Sq. Ft.   9,053,763 9,053,763 1.3%   9,053,763                
10.02 Property 140 Centennial Avenue 86,860 Sq. Ft.   3,677,419 3,677,419 0.5%   3,677,419                
10.03 Property 675 Central Avenue 72,736 Sq. Ft.   2,602,151 2,602,151 0.4%   2,602,151                
10.04 Property 275 Centennial Avenue 56,150 Sq. Ft.   2,064,516 2,064,516 0.3%   2,064,516                
10.05 Property 691 Central Avenue 47,782 Sq. Ft.   1,913,978 1,913,978 0.3%   1,913,978                
10.06 Property 80 Kingsbridge Road 30,963 Sq. Ft.   494,624 494,624 0.1%   494,624                
10.07 Property 20 Kingsbridge Road 56,483 Sq. Ft.   193,548 193,548 0.0%   193,548                
11 Loan Ellsworth Place 347,758 Sq. Ft. 198 20,000,000 20,000,000 2.8% 8/6/2028 17,709,236 No N/A 7/20/2018 9/6/2018 6 5.010000% 0.015150% 4.994850%
12 Loan Wendland Plaza 205,224 Sq. Ft. 88 18,000,000 18,000,000 2.5% 9/6/2028 18,000,000 No N/A 9/10/2018 10/6/2018 6 4.815000% 0.015150% 4.799850%
13 Loan Medtronic Santa Rosa 126,585 Sq. Ft. 140 17,700,000 17,700,000 2.5% 8/6/2028 17,700,000 No N/A 7/17/2018 9/6/2018 6 4.650000% 0.035150% 4.614850%
14 Loan 121 East Maryland Street Parking Garage 800 Parking Spaces 21,229 17,000,000 16,983,044 2.4% 9/6/2028 14,413,444 No N/A 9/7/2018 10/6/2018 6 5.990000% 0.015150% 5.974850%
15 Loan Fort Wayne Hotel Portfolio 163 Rooms 96,933 15,800,000 15,800,000 2.2% 9/1/2028 13,906,271 No N/A 8/16/2018 10/1/2018 1 4.740000% 0.015150% 4.724850%
15.01 Property Hilton Garden Inn 84 Rooms   8,883,986 8,883,986 1.2%   7,819,185                
15.02 Property Homewood Suites 79 Rooms   6,916,014 6,916,014 1.0%   6,087,087                
16 Loan Arizona Pavilions West 100,879 Sq. Ft. 157 15,800,000 15,800,000 2.2% 10/6/2028 13,180,196 No N/A 9/7/2018 11/6/2018 6 5.452000% 0.035150% 5.416850%
17 Loan Riverwalk 630,379 Sq. Ft. 128 15,700,000 15,700,000 2.2% 6/6/2028 13,951,837 No N/A 6/5/2018 7/6/2018 6 5.176000% 0.015150% 5.160850%
18 Loan Valley View Shopping Center 120,460 Sq. Ft. 129 15,500,000 15,500,000 2.2% 10/1/2028 12,843,742 No N/A 9/7/2018 11/1/2018 1 5.240000% 0.015150% 5.224850%
19 Loan Quala 103,170 Sq. Ft. 145 14,936,000 14,936,000 2.1% 9/6/2028 14,244,522 No N/A 8/27/2018 10/6/2018 6 4.759800% 0.015150% 4.744650%
19.01 Property Quala - Pasadena 27,505 Sq. Ft.   5,696,000 5,696,000 0.8%   5,432,298                
19.02 Property Quala - Joliet 25,566 Sq. Ft.   2,950,000 2,950,000 0.4%   2,813,427                
19.03 Property Quala - Saint Gabriel 17,259 Sq. Ft.   2,320,000 2,320,000 0.3%   2,212,593                
19.04 Property Quala - Cedar Rapids 14,617 Sq. Ft.   2,050,000 2,050,000 0.3%   1,955,093                
19.05 Property Quala - Neenah 12,328 Sq. Ft.   1,511,000 1,511,000 0.2%   1,441,047                
19.06 Property Quala - Saraland 5,895 Sq. Ft.   409,000 409,000 0.1%   390,065                
20 Loan Linden Pointe 121,304 Sq. Ft. 123 14,900,000 14,900,000 2.1% 9/6/2028 12,994,415 No N/A 9/4/2018 10/6/2018 6 5.320000% 0.063900% 5.256100%
21 Loan Manor Parking Garage 1,060 Parking Spaces 13,208 14,000,000 14,000,000 2.0% 10/6/2028 11,870,903 No N/A 9/12/2018 11/6/2018 6 5.990000% 0.015150% 5.974850%
22 Loan County Line Plaza 221,127 Sq. Ft. 61 13,500,000 13,500,000 1.9% 8/6/2028 11,950,343 No N/A 8/3/2018 9/6/2018 6 4.997000% 0.015150% 4.981850%
23 Loan Aspect RHG Hotel Portfolio 461 Rooms 100,217 12,700,000 12,700,000 1.8% 8/1/2028 11,242,911 No N/A 7/23/2018 9/1/2018 1 5.000000% 0.015150% 4.984850%
23.01 Property Hilton Garden Inn Nashville Smyrna 112 Rooms   3,812,542 3,812,542 0.5%   3,375,124                
23.02 Property Aloft Hotel Broomfield 139 Rooms   3,456,704 3,456,704 0.5%   3,060,111                
23.03 Property Hampton Inn Nashville Smyrna 83 Rooms   2,719,613 2,719,613 0.4%   2,407,588                
23.04 Property Hyatt Place Phoenix North 127 Rooms   2,711,141 2,711,141 0.4%   2,400,088                
24 Loan Ocean Point 82,798 Sq. Ft. 150 12,450,000 12,450,000 1.7% 9/6/2028 12,450,000 No N/A 8/17/2018 10/6/2018 6 4.640000% 0.015150% 4.624850%
25 Loan Residence Inn Chicago Deerfield 128 Rooms 87,500 11,200,000 11,200,000 1.6% 10/6/2023 10,424,536 No N/A 9/7/2018 11/6/2018 6 5.632000% 0.035150% 5.596850%
26 Loan Belle Mill Landing 115,885 Sq. Ft. 92 10,700,000 10,700,000 1.5% 9/6/2028 9,526,054 No N/A 8/31/2018 10/6/2018 6 5.265200% 0.015150% 5.250050%
27 Loan Westside Market Place Shopping Center 119,204 Sq. Ft. 88 10,500,000 10,500,000 1.5% 8/6/2028 9,303,423 No N/A 7/26/2018 9/6/2018 6 5.040000% 0.015150% 5.024850%
28 Loan Residence Inn Boston Danvers 96 Rooms 102,813 9,870,000 9,870,000 1.4% 10/6/2023 9,186,622 No N/A 9/7/2018 11/6/2018 6 5.632000% 0.035150% 5.596850%
29 Loan Laguna Village 102,036 Sq. Ft. 94 9,600,000 9,600,000 1.3% 9/6/2028 8,439,862 No N/A 8/15/2018 10/6/2018 6 4.690000% 0.053900% 4.636100%
30 Loan Home 2 Suites Lake City 86 Rooms 101,517 8,750,000 8,730,437 1.2% 8/1/2028 7,211,069 No N/A 8/1/2018 9/1/2018 1 5.070000% 0.015150% 5.054850%
31 Loan Trinity Park 50,983 Sq. Ft. 171 8,700,000 8,700,000 1.2% 9/1/2028 7,738,060 No N/A 8/29/2018 10/1/2018 1 5.220000% 0.015150% 5.204850%
32 Loan Cabrillo Plaza 76,729 Sq. Ft. 113 8,650,000 8,650,000 1.2% 10/1/2028 8,650,000 No N/A 9/5/2018 11/1/2018 1 4.520000% 0.015150% 4.504850%
33 Loan 1015 Locust 196,627 Sq. Ft. 43 8,500,000 8,500,000 1.2% 9/6/2028 8,500,000 No N/A 8/23/2018 10/6/2018 6 5.395600% 0.015150% 5.380450%
34 Loan Country Inn & Suites Gainesville 90 Rooms 94,246 8,500,000 8,482,164 1.2% 8/1/2028 7,072,549 No N/A 8/1/2018 9/1/2018 1 5.370000% 0.015150% 5.354850%
35 Loan Westgate Center 77,070 Sq. Ft. 98 7,550,000 7,550,000 1.1% 9/6/2028 6,679,622 No N/A 9/10/2018 10/6/2018 6 5.447500% 0.015150% 5.432350%
36 Loan DoubleTree by Hilton Hotel Santa Fe 130 Rooms 53,730 7,000,000 6,984,900 1.0% 8/6/2028 5,800,506 No N/A 7/17/2018 9/6/2018 6 5.240000% 0.015150% 5.224850%
37 Loan Kohl’s - Fort Smith 62,117 Sq. Ft. 110 6,821,006 6,821,006 1.0% 9/6/2028 5,958,252 Yes 6/6/2032 9/7/2018 10/6/2018 6 5.304500% 0.015150% 5.289350%
38 Loan Scottsdale Haciendas 79 Units 82,278 6,500,000 6,500,000 0.9% 9/6/2028 6,500,000 No N/A 9/7/2018 10/6/2018 6 4.779500% 0.015150% 4.764350%
39 Loan Country Square 82,846 Sq. Ft. 76 6,283,000 6,283,000 0.9% 9/6/2028 6,283,000 No N/A 9/7/2018 10/6/2018 6 4.857000% 0.015150% 4.841850%
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce 108 Rooms 57,806 6,250,000 6,243,016 0.9% 9/6/2028 5,203,208 No N/A 8/30/2018 10/6/2018 6 5.390000% 0.015150% 5.374850%
41 Loan Forest Oaks Plaza 113,721 Sq. Ft. 54 6,125,000 6,125,000 0.9% 9/1/2028 5,177,586 No N/A 8/10/2018 10/1/2018 1 5.040000% 0.015150% 5.024850%
42 Loan 1000 Buffalo Road 259,000 Sq. Ft. 23 6,075,000 6,075,000 0.8% 10/1/2028 4,585,512 No N/A 9/4/2018 11/1/2018 1 5.260000% 0.015150% 5.244850%
43 Loan Quality Inn & Suites Florence 120 Rooms 50,000 6,000,000 6,000,000 0.8% 10/10/2028 4,578,784 No N/A 9/11/2018 11/10/2018 10 5.570000% 0.015150% 5.554850%
44 Loan Holiday Inn Express - Brooksville 78 Rooms 68,590 5,350,000 5,350,000 0.7% 10/1/2028 4,208,516 No N/A 9/5/2018 11/1/2018 1 6.470000% 0.015150% 6.454850%
45 Loan 4 Lotus Boulevard 447 Units 10,626 4,750,000 4,750,000 0.7% 9/1/2028 4,750,000 No N/A 8/17/2018 10/1/2018 1 5.030000% 0.015150% 5.014850%
46 Loan Eastern Courtyard 51,883 Sq. Ft. 91 4,750,000 4,739,048 0.7% 8/6/2028 3,895,674 No N/A 7/26/2018 9/6/2018 6 4.922000% 0.015150% 4.906850%
47 Loan Best Western Travelers Rest 60 Rooms 78,333 4,700,000 4,700,000 0.7% 10/1/2028 3,616,611 No N/A 9/7/2018 11/1/2018 1 5.810000% 0.015150% 5.794850%
48 Loan 8950 Old FM 1405 64,700 Sq. Ft. 69 4,500,000 4,493,065 0.6% 9/6/2028 3,433,783 No N/A 8/29/2018 10/6/2018 6 5.570000% 0.073900% 5.496100%
49 Loan CVS Pompano Beach 12,739 Sq. Ft. 322 4,100,000 4,100,000 0.6% 7/6/2028 4,100,000 No N/A 7/2/2018 8/6/2018 6 5.120000% 0.015150% 5.104850%
50 Loan Country Inn & Suites - Vero Beach I 95 65 Rooms 61,443 4,000,000 3,993,826 0.6% 9/6/2028 3,051,188 No N/A 9/5/2018 10/6/2018 6 5.560000% 0.015150% 5.544850%
51 Loan Country Inn & Suites Norcross 50 Rooms 73,000 3,650,000 3,650,000 0.5% 10/1/2028 2,760,002 No N/A 9/7/2018 11/1/2018 1 5.310000% 0.015150% 5.294850%
52 Loan Magnolia Village 15,502 Sq. Ft. 174 2,700,000 2,696,915 0.4% 9/6/2028 2,239,284 No N/A 9/6/2018 10/6/2018 6 5.270000% 0.015150% 5.254850%
53 Loan A Storage Place - Fortuna 64,718 Sq. Ft. 31 2,000,000 2,000,000 0.3% 9/6/2028 2,000,000 No N/A 8/23/2018 10/6/2018 6 5.105200% 0.015150% 5.090050%

 

A-1-2

 

 

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

 

Mortgage Loan Number Property Flag Property Name ARD Rate Interest Accrual Method Monthly Debt Service Payment Amortization Type Original Term to Maturity or ARD
1 Loan 1670 Broadway N/A Actual/360 156,183.50  Full IO 60
2 Loan The Buckingham N/A Actual/360 257,834.05  Partial IO 120
3 Loan Lower Makefield Corporate Center - South N/A Actual/360 176,870.61  Partial IO 120
4 Loan Christiana Mall N/A Actual/360 108,422.74  Full IO 120
5 Loan Wyvernwood Apartments N/A Actual/360 86,888.93  Full IO 60
6 Loan Pier 1 Imports Headquarters N/A Actual/360 147,957.44  Partial IO 120
7 Loan Village at Beech Hill N/A Actual/360 154,698.28  Partial IO 120
8 Loan Silverado Ranch Place N/A Actual/360 116,546.00  Amortizing 120
9 Loan Barrywoods Crossing N/A Actual/360 117,440.83  Partial IO 120
10 Loan Shelbourne Global Portfolio I N/A Actual/360 98,904.86  Full IO 120
10.01 Property 1515 Broad Street           
10.02 Property 140 Centennial Avenue           
10.03 Property 675 Central Avenue           
10.04 Property 275 Centennial Avenue           
10.05 Property 691 Central Avenue           
10.06 Property 80 Kingsbridge Road           
10.07 Property 20 Kingsbridge Road           
11 Loan Ellsworth Place N/A Actual/360 107,486.59  Partial IO 120
12 Loan Wendland Plaza N/A Actual/360 73,228.13  Full IO 120
13 Loan Medtronic Santa Rosa N/A Actual/360 69,540.10  Full IO 120
14 Loan 121 East Maryland Street Parking Garage N/A Actual/360 101,814.32  Amortizing 120
15 Loan Fort Wayne Hotel Portfolio N/A Actual/360 82,325.07  Partial IO 120
15.01 Property Hilton Garden Inn           
15.02 Property Homewood Suites           
16 Loan Arizona Pavilions West N/A Actual/360 89,235.41  Amortizing 120
17 Loan Riverwalk N/A Actual/360 85,977.79  Partial IO 120
18 Loan Valley View Shopping Center N/A Actual/360 85,495.60  Amortizing 120
19 Loan Quala N/A Actual/360 78,001.50  Partial IO 120
19.01 Property Quala - Pasadena           
19.02 Property Quala - Joliet           
19.03 Property Quala - Saint Gabriel           
19.04 Property Quala - Cedar Rapids           
19.05 Property Quala - Neenah           
19.06 Property Quala - Saraland           
20 Loan Linden Pointe N/A Actual/360 82,925.55  Partial IO 120
21 Loan Manor Parking Garage N/A Actual/360 83,847.09  Amortizing 120
22 Loan County Line Plaza N/A Actual/360 72,446.17  Partial IO 120
23 Loan Aspect RHG Hotel Portfolio N/A Actual/360 68,176.35  Partial IO 120
23.01 Property Hilton Garden Inn Nashville Smyrna           
23.02 Property Aloft Hotel Broomfield           
23.03 Property Hampton Inn Nashville Smyrna           
23.04 Property Hyatt Place Phoenix North           
24 Loan Ocean Point N/A Actual/360 48,808.61  Full IO 120
25 Loan Residence Inn Chicago Deerfield N/A Actual/360 64,523.02  Amortizing 60
26 Loan Belle Mill Landing N/A Actual/360 59,186.57  Partial IO 120
27 Loan Westside Market Place Shopping Center N/A Actual/360 56,623.24  Partial IO 120
28 Loan Residence Inn Boston Danvers N/A Actual/360 56,860.92  Amortizing 60
29 Loan Laguna Village N/A Actual/360 49,731.54  Partial IO 120
30 Loan Home 2 Suites Lake City N/A Actual/360 47,346.94  Amortizing 120
31 Loan Trinity Park N/A Actual/360 47,880.19  Partial IO 120
32 Loan Cabrillo Plaza N/A Actual/360 33,034.19  Full IO 120
33 Loan 1015 Locust N/A Actual/360 38,749.65  Full IO 120
34 Loan Country Inn & Suites Gainesville N/A Actual/360 47,571.06  Amortizing 120
35 Loan Westgate Center N/A Actual/360 42,619.71  Partial IO 120
36 Loan DoubleTree by Hilton Hotel Santa Fe N/A Actual/360 38,610.91  Amortizing 120
37 Loan Kohl’s - Fort Smith A rate per annum equal to the greater of (A) the ARD Treasury Note Rate in effect as of 1:00 p.m., New York City time, on the Anticipated Repayment Date, as determined by Lender, plus 4% and (B) the Initial Interest Rate plus 4%. Actual/360 37,896.43  Partial IO, ARD 120
38 Loan Scottsdale Haciendas N/A Actual/360 26,248.53  Full IO 120
39 Loan Country Square N/A Actual/360 25,783.64  Full IO 120
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce N/A Actual/360 35,056.67  Amortizing 120
41 Loan Forest Oaks Plaza N/A Actual/360 33,030.22  Partial IO 120
42 Loan 1000 Buffalo Road N/A Actual/360 36,440.15  Amortizing 120
43 Loan Quality Inn & Suites Florence N/A Actual/360 37,096.49  Amortizing 120
44 Loan Holiday Inn Express - Brooksville N/A Actual/360 36,023.36  Amortizing 120
45 Loan 4 Lotus Boulevard N/A Actual/360 20,186.95  Full IO 120
46 Loan Eastern Courtyard N/A Actual/360 25,273.07  Amortizing 120
47 Loan Best Western Travelers Rest N/A Actual/360 29,738.65  Amortizing 120
48 Loan 8950 Old FM 1405 N/A Actual/360 27,822.37  Amortizing 120
49 Loan CVS Pompano Beach N/A Actual/360 17,736.30  Full IO 120
50 Loan Country Inn & Suites - Vero Beach I 95 N/A Actual/360 24,707.03  Amortizing 120
51 Loan Country Inn & Suites Norcross N/A Actual/360 22,001.94  Amortizing 120
52 Loan Magnolia Village N/A Actual/360 14,942.96  Amortizing 120
53 Loan A Storage Place - Fortuna N/A Actual/360 8,626.84  Full IO 120

 

A-1-3

 

 

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

 

Mortgage Loan Number Property Flag Property Name Remaining Term to Maturity or ARD Original IO Term Remaining IO Term Original Amortization Term Remaining Amortization Term Seasoning Prepayment Provisions(5)(6) Grace Period Default(18) Grace Period Late Grace Period at Maturity Default Appraised Value(4) Appraisal Date(4) U/W NOI DSCR(3) U/W NCF DSCR(3) Cut-off Date LTV Ratio(3)(4) LTV Ratio at Maturity or ARD(3)(4)
1 Loan 1670 Broadway 59 60 59 0 0 1 LO(25);DEF(31);O(4) 0 0 0 239,500,000 7/3/2018 4.26 4.22 32.6% 32.6%
2 Loan The Buckingham 118 36 34 360 360 2 LO(26);DEF(89);O(5) 0 0 0 71,700,000 7/10/2018 1.34 1.33 63.2% 56.6%
3 Loan Lower Makefield Corporate Center - South 119 60 59 360 360 1 LO(25);DEF(91);O(4) 0 0 0 51,000,000 7/20/2018 1.70 1.54 66.2% 60.8%
4 Loan Christiana Mall 118 120 118 0 0 2 LO(26);DEF(87);O(7) 0 0 0 1,040,000,000 6/5/2018 3.19 3.15 32.5% 32.5%
5 Loan Wyvernwood Apartments 57 60 57 0 0 3 LO(24);YM1(31);O(5) 0 0 0 205,000,000 5/9/2018 3.68 3.55 38.0% 38.0%
6 Loan Pier 1 Imports Headquarters 119 60 59 360 360 1 LO(25);DEF/YM1(91);O(4) 0 0 0 86,000,000 6/22/2018 1.51 1.38 64.0% 58.9%
7 Loan Village at Beech Hill 119 36 35 360 360 1 LO(25);DEF(91);O(4) 0 0 0 37,700,000 6/20/2018 1.34 1.30 72.1% 64.6%
8 Loan Silverado Ranch Place 119 0 0 360 359 1 LO(25);DEF(91);O(4) 0 0 0 31,000,000 7/20/2018 1.82 1.65 69.9% 57.6%
9 Loan Barrywoods Crossing 119 12 11 360 360 1 LO(13);YM1(101);O(6) 0 0 0 45,300,000 6/13/2018 1.50 1.46 68.4% 58.4%
10 Loan Shelbourne Global Portfolio I 120 120 120 0 0 0 LO(24);DEF(93);O(3) 0 0 0 142,750,000 Various 1.54 1.45 65.1% 65.1%
10.01 Property 1515 Broad Street                     61,150,000 8/1/2018        
10.02 Property 140 Centennial Avenue                     23,600,000 7/31/2018        
10.03 Property 675 Central Avenue                     16,150,000 8/1/2018        
10.04 Property 275 Centennial Avenue                     15,500,000 7/30/2018        
10.05 Property 691 Central Avenue                     10,650,000 8/1/2018        
10.06 Property 80 Kingsbridge Road                     3,700,000 7/30/2018        
10.07 Property 20 Kingsbridge Road                     12,000,000 7/30/2018        
11 Loan Ellsworth Place 118 36 34 360 360 2 LO(23);YM1(90);O(7) 0 0 0 95,900,000 6/21/2018 1.56 1.46 71.9% 63.7%
12 Loan Wendland Plaza 119 120 119 0 0 1 LO(25);DEF(88);O(7) 0 0 0 31,800,000 7/1/2018 2.51 2.34 56.6% 56.6%
13 Loan Medtronic Santa Rosa 118 120 118 0 0 2 LO(26);DEF(90);O(4) 0 0 0 31,600,000 6/12/2018 2.38 2.18 56.0% 56.0%
14 Loan 121 East Maryland Street Parking Garage 119 0 0 360 359 1 LO(1);YM1(115);O(4) 0 0 0 28,800,000 6/20/2018 1.39 1.35 59.0% 50.0%
15 Loan Fort Wayne Hotel Portfolio 119 36 35 360 360 1 LO(25);DEF/YM1(90);O(5) 0 0 0 28,100,000 4/7/2018 2.60 2.27 56.2% 49.5%
15.01 Property Hilton Garden Inn                     15,800,000 4/7/2018        
15.02 Property Homewood Suites                     12,300,000 4/7/2018        
16 Loan Arizona Pavilions West 120 0 0 360 360 0 LO(24);DEF(91);O(5) 0 0 0 21,610,000 10/1/2018 1.31 1.25 73.1% 61.0%
17 Loan Riverwalk 116 36 32 360 360 4 LO(28);DEF(89);O(3) 0 4 (First 2 occurrences only) 0 117,000,000 4/23/2018 1.40 1.34 69.0% 61.3%
18 Loan Valley View Shopping Center 120 0 0 360 360 0 LO(24);DEF(92);O(4) 5 5 0 22,200,000 4/6/2018 1.39 1.32 69.8% 57.9%
19 Loan Quala 119 84 83 360 360 1 LO(25);DEF(90);O(5) 0 0 0 22,560,000 Various 1.71 1.62 66.2% 63.1%
19.01 Property Quala - Pasadena                     8,000,000 7/20/2018        
19.02 Property Quala - Joliet                     4,100,000 7/23/2018        
19.03 Property Quala - Saint Gabriel                     3,500,000 7/24/2018        
19.04 Property Quala - Cedar Rapids                     2,800,000 7/25/2018        
19.05 Property Quala - Neenah                     3,300,000 7/23/2018        
19.06 Property Quala - Saraland                     860,000 7/23/2018        
20 Loan Linden Pointe 119 24 23 360 360 1 LO(25);DEF(91);O(4) 0 0 0 20,800,000 4/19/2018 1.58 1.44 71.6% 62.5%
21 Loan Manor Parking Garage 120 0 0 360 360 0 LO(24);DEF(92);O(4) 0 0 0 25,825,000 7/23/2018 1.39 1.36 54.2% 46.0%
22 Loan County Line Plaza 118 36 34 360 360 2 LO(26);DEF(90);O(4) 0 0 0 20,700,000 6/11/2018 2.03 1.98 65.2% 57.7%
23 Loan Aspect RHG Hotel Portfolio 118 36 34 360 360 2 LO(26);DEF/YM1(89);O(5) 0 0 0 75,500,000 Various 2.04 1.74 61.2% 54.2%
23.01 Property Hilton Garden Inn Nashville Smyrna                     23,000,000 5/2/2018        
23.02 Property Aloft Hotel Broomfield                     20,500,000 5/30/2018        
23.03 Property Hampton Inn Nashville Smyrna                     16,000,000 5/2/2018        
23.04 Property Hyatt Place Phoenix North                     16,000,000 5/8/2018        
24 Loan Ocean Point 119 120 119 0 0 1 LO(25);DEF(91);O(4) 0 0 0 21,300,000 6/19/2018 2.54 2.37 58.5% 58.5%
25 Loan Residence Inn Chicago Deerfield 60 0 0 360 360 0 LO(24);DEF(30);O(6) 0 0 0 16,000,000 6/1/2018 2.15 1.92 70.0% 65.2%
26 Loan Belle Mill Landing 119 36 35 360 360 1 LO(24);YM1(92);O(4) 0 0 0 15,200,000 6/14/2018 1.43 1.35 70.4% 62.7%
27 Loan Westside Market Place Shopping Center 118 36 34 360 360 2 LO(23);YM1(93);O(4) 0 0 (one 5 day grace period during each rolling 12 month period) 0 17,800,000 6/26/2018 1.50 1.39 59.0% 52.3%
28 Loan Residence Inn Boston Danvers 60 0 0 360 360 0 LO(24);DEF(30);O(6) 0 0 0 14,100,000 6/1/2018 2.11 1.87 70.0% 65.2%
29 Loan Laguna Village 119 36 35 360 360 1 LO(60);YM1(56);O(4) 0 0 0 14,700,000 6/28/2018 2.15 2.00 65.3% 57.4%
30 Loan Home 2 Suites Lake City 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0 0 14,600,000 6/20/2018 2.90 2.65 59.8% 49.4%
31 Loan Trinity Park 119 36 35 360 360 1 LO(25);DEF(92);O(3) 7 7 0 12,800,000 6/13/2018 1.47 1.40 68.0% 60.5%
32 Loan Cabrillo Plaza 120 120 120 0 0 0 LO(24);YM1(92);O(4) 7 7 0 19,300,000 5/23/2018 3.42 3.18 44.8% 44.8%
33 Loan 1015 Locust 119 120 119 0 0 1 LO(25);DEF(88);O(7) 0 0 0 14,040,000 6/6/2018 2.23 1.86 60.5% 60.5%
34 Loan Country Inn & Suites Gainesville 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0 0 13,500,000 6/20/2018 2.15 1.93 62.8% 52.4%
35 Loan Westgate Center 119 30 29 360 360 1 LO(12);YM1(104);O(4) 0 0 0 11,000,000 5/13/2018 1.46 1.38 68.6% 60.7%
36 Loan DoubleTree by Hilton Hotel Santa Fe 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0 0 12,300,000 6/1/2018 2.82 2.45 56.8% 47.2%
37 Loan Kohl’s - Fort Smith 119 25 24 360 360 1 LO(25);DEF(91);O(4) 0 0 0 9,800,000 6/29/2018 1.46 1.45 69.6% 60.8%
38 Loan Scottsdale Haciendas 119 120 119 0 0 1 LO(25);DEF(91);O(4) 0 0 0 11,700,000 6/19/2018 2.27 2.21 55.6% 55.6%
39 Loan Country Square 119 120 119 0 0 1 LO(25);DEF(91);O(4) 0 0 0 10,300,000 6/16/2018 2.59 2.48 61.0% 61.0%
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce 119 0 0 360 359 1 LO(25);DEF(91);O(4) 0 0 0 10,500,000 7/30/2018 2.13 1.86 59.5% 49.6%
41 Loan Forest Oaks Plaza 119 12 11 360 360 1 LO(25);DEF(91);O(4) 0 0 0 8,900,000 6/13/2018 1.80 1.58 68.8% 58.2%
42 Loan 1000 Buffalo Road 120 0 0 300 300 0 LO(24);DEF(92);O(4) 0 0 0 9,625,000 6/22/2018 1.63 1.47 63.1% 47.6%
43 Loan Quality Inn & Suites Florence 120 0 0 300 300 0 LO(24);DEF(93);O(3) 0 0 0 8,500,000 7/1/2018 2.69 2.48 64.5% 49.2%
44 Loan Holiday Inn Express - Brooksville 120 0 0 300 300 0 LO(24);DEF(92);O(4) 0 0 0 10,200,000 5/11/2018 1.70 1.53 52.5% 41.3%
45 Loan 4 Lotus Boulevard 119 120 119 0 0 1 LO(25);DEF(92);O(3) 7 7 0 8,100,000 6/29/2018 1.99 1.96 58.6% 58.6%
46 Loan Eastern Courtyard 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0 0 7,250,000 6/22/2018 1.75 1.68 65.4% 53.7%
47 Loan Best Western Travelers Rest 120 0 0 300 300 0 LO(24);DEF(93);O(3) 7 7 0 7,100,000 7/19/2018 1.92 1.74 66.2% 50.9%
48 Loan 8950 Old FM 1405 119 0 0 300 299 1 LO(25);DEF(91);O(4) 0 0 0 7,800,000 6/11/2018 1.62 1.40 57.6% 44.0%
49 Loan CVS Pompano Beach 117 120 117 0 0 3 LO(27);DEF(89);O(4) 0 0 0 7,700,000 4/21/2018 1.70 1.69 53.2% 53.2%
50 Loan Country Inn & Suites - Vero Beach I 95 119 0 0 300 299 1 LO(25);DEF(91);O(4) 0 0 0 6,900,000 7/30/2018 1.83 1.59 57.9% 44.2%
51 Loan Country Inn & Suites Norcross 120 0 0 300 300 0 LO(24);DEF(92);O(4) 7 7 0 5,400,000 6/13/2018 2.21 2.01 67.6% 51.1%
52 Loan Magnolia Village 119 0 0 360 359 1 LO(24);YM1(89);O(7) 0 10 0 4,550,000 7/25/2018 1.62 1.53 59.3% 49.2%
53 Loan A Storage Place - Fortuna 119 120 119 0 0 1 LO(25);DEF(91);O(4) 0 0 0 3,300,000 7/24/2018 2.18 2.12 60.6% 60.6%

 

A-1-4

 

 

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

 

Mortgage Loan Number Property Flag Property Name U/W NOI Debt Yield(3) U/W NCF Debt Yield(3) U/W EGI(21) U/W Expenses(21) U/W NOI(21) U/W Replacement U/W TI/LC U/W NCF Occupancy Rate(20)(23) 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
1 Loan 1670 Broadway 16.6% 16.5% 23,323,123 10,338,888 12,984,235 140,731 0 12,843,505 87.2% 6/28/2018 TTM 6/30/2018 21,814,899 9,919,961 11,894,938 12/31/2017 16,962,600 9,599,831
2 Loan The Buckingham 9.2% 9.1% 6,278,520 2,120,146 4,158,374 45,400 0 4,112,974 97.5% 5/31/2018 TTM 5/31/2018 6,343,473 2,068,695 4,274,778 12/31/2017 6,270,879 2,078,124
3 Loan Lower Makefield Corporate Center - South 10.7% 9.7% 6,180,632 2,571,653 3,608,978 55,307 276,533 3,277,139 79.1% 7/13/2018 TTM 6/30/2018 4,675,272 2,440,781 2,234,491 12/31/2017 4,361,703 2,408,272
4 Loan Christiana Mall 13.8% 13.6% 56,260,022 9,514,932 46,745,090 106,754 533,772 46,104,564 98.3% 5/31/2018 TTM 5/31/2018 54,029,729 10,479,303 43,550,426 12/31/2017 54,058,534 10,544,365
5 Loan Wyvernwood Apartments 13.7% 13.2% 16,811,387 6,128,650 10,682,737 376,000 0 10,306,737 98.0% 6/27/2018 TTM 5/31/2018 16,213,876 5,395,450 10,818,426 12/31/2017 15,925,559 5,315,071
6 Loan Pier 1 Imports Headquarters 9.6% 8.7% 11,042,494 5,762,480 5,280,014 61,497 409,977 4,808,540 99.5% 1/1/2018 TTM 6/30/2018 12,303,151 5,829,988 6,473,163 12/31/2017 12,232,783 5,827,748
7 Loan Village at Beech Hill 9.2% 8.9% 4,300,437 1,808,172 2,492,264 80,000 0 2,412,264 95.6% 7/17/2018 TTM 5/31/2018 4,254,129 1,880,564 2,373,565 12/31/2017 4,217,814 1,761,559
8 Loan Silverado Ranch Place 11.7% 10.7% 3,492,012 949,124 2,542,888 22,584 210,092 2,310,212 87.2% 7/1/2018 TTM 7/31/2018 2,960,539 916,852 2,043,687 12/31/2017 2,745,333 876,290
9 Loan Barrywoods Crossing 10.0% 9.8% 4,459,858 1,344,669 3,115,190 39,206 48,232 3,027,752 94.9% 7/31/2018 TTM 7/31/2018 4,301,415 1,191,216 3,110,199 12/31/2017 4,323,002 1,142,186
10 Loan Shelbourne Global Portfolio I 9.1% 8.6% 15,149,219 6,643,263 8,505,955 141,056 381,028 7,983,872 94.6% 5/31/2018 TTM 5/31/2018 14,422,010 6,196,733 8,225,277 12/31/2017 14,567,370 6,117,503
10.01 Property 1515 Broad Street     7,038,379 3,109,138 3,929,241 58,089 260,326 3,610,826 100.0% 5/31/2018 TTM 5/31/2018 5,646,234 2,865,495 2,780,739 12/31/2017 5,672,850 2,670,630
10.02 Property 140 Centennial Avenue     2,621,833 1,112,697 1,509,137 22,315 17,372 1,469,450 100.0% 5/31/2018 TTM 5/31/2018 2,616,829 1,103,893 1,512,936 12/31/2017 2,581,413 1,066,020
10.03 Property 675 Central Avenue     1,694,133 606,654 1,087,480 21,442 26,829 1,039,209 93.5% 5/31/2018 TTM 5/31/2018 1,702,022 570,775 1,131,247 12/31/2017 1,666,338 584,060
10.04 Property 275 Centennial Avenue     1,096,032 244,713 851,319 13,162 11,230 826,928 100.0% 5/31/2018 TTM 5/31/2018 1,181,025 240,904 940,121 12/31/2017 1,180,025 238,394
10.05 Property 691 Central Avenue     1,438,063 622,575 815,489 4,778 47,782 762,928 100.0% 5/31/2018 TTM 5/31/2018 1,526,814 577,637 949,177 12/31/2017 1,557,668 633,965
10.06 Property 80 Kingsbridge Road     491,599 283,436 208,164 8,318 6,193 193,653 100.0% 5/31/2018 TTM 5/31/2018 498,500 282,607 215,894 12/31/2017 482,644 260,546
10.07 Property 20 Kingsbridge Road     769,178 664,051 105,127 12,953 11,297 80,877 46.9% 5/31/2018 TTM 5/31/2018 1,250,586 555,423 695,163 12/31/2017 1,426,431 663,889
11 Loan Ellsworth Place 10.0% 9.4% 10,153,983 3,226,042 6,927,941 86,940 330,370 6,510,631 91.6% 7/1/2018 TTM 5/31/2018 9,643,551 3,258,188 6,385,363 12/31/2017 9,190,096 3,237,469
12 Loan Wendland Plaza 12.2% 11.4% 2,617,936 415,546 2,202,390 30,784 119,138 2,052,469 97.4% 9/6/2018 TTM 6/30/2018 1,407,587 430,731 976,856 12/31/2017 1,151,072 366,875
13 Loan Medtronic Santa Rosa 11.2% 10.3% 2,645,810 661,914 1,983,896 34,178 126,585 1,823,133 100.0% 10/1/2018 TTM 5/31/2018 2,354,425 468,193 1,886,231 12/31/2017 2,234,599 473,431
14 Loan 121 East Maryland Street Parking Garage 10.0% 9.7% 2,304,838 610,033 1,694,805 40,000 0 1,654,805 100.0% 10/1/2018 TTM 5/31/2018 2,304,838 587,226 1,717,612 12/31/2017 2,304,838 573,904
15 Loan Fort Wayne Hotel Portfolio 16.3% 14.2% 6,587,211 4,016,630 2,570,581 329,361 0 2,241,221 80.8% 8/8/2018 TTM 5/31/2018 6,616,879 4,129,313 2,487,566 12/31/2017 6,396,666 4,080,007
15.01 Property Hilton Garden Inn     3,638,794 2,226,684 1,412,109 181,940 0 1,230,170 79.0% 8/8/2018 TTM 5/31/2018 3,596,673 2,276,470 1,320,203 12/31/2017 3,498,827 2,268,103
15.02 Property Homewood Suites     2,948,418 1,789,946 1,158,472 147,421 0 1,011,051 83.0% 8/8/2018 TTM 5/31/2018 3,020,206 1,852,843 1,167,363 12/31/2017 2,897,839 1,811,904
16 Loan Arizona Pavilions West 8.9% 8.5% 2,124,075 717,930 1,406,145 10,088 60,527 1,335,530 100.0% 6/30/2018 TTM 6/30/2018 1,542,617 298,767 1,243,850 N/A N/A N/A
17 Loan Riverwalk 9.2% 8.8% 10,828,207 3,385,984 7,442,223 63,038 252,152 7,127,034 93.0% 6/18/2018 TTM 3/31/2018 9,623,128 3,038,382 6,584,746 12/31/2017 9,594,562 2,972,803
18 Loan Valley View Shopping Center 9.2% 8.7% 1,906,965 479,636 1,427,329 12,046 60,000 1,355,283 100.0% 8/15/2018 12/31/2017 833,024 174,406 658,618 N/A N/A N/A
19 Loan Quala 10.7% 10.2% 1,646,862 49,406 1,597,456 20,634 58,749 1,518,073 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
19.01 Property Quala - Pasadena     N/A N/A N/A N/A N/A N/A 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
19.02 Property Quala - Joliet     N/A N/A N/A N/A N/A N/A 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
19.03 Property Quala - Saint Gabriel     N/A N/A N/A N/A N/A N/A 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
19.04 Property Quala - Cedar Rapids     N/A N/A N/A N/A N/A N/A 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
19.05 Property Quala - Neenah     N/A N/A N/A N/A N/A N/A 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
19.06 Property Quala - Saraland     N/A N/A N/A N/A N/A N/A 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
20 Loan Linden Pointe 10.5% 9.6% 2,617,429 1,047,859 1,569,570 18,196 121,304 1,430,070 94.0% 6/30/2018 TTM 6/30/2018 2,348,260 902,231 1,446,030 12/31/2017 2,549,764 961,295
21 Loan Manor Parking Garage 10.0% 9.8% 1,574,743 174,788 1,399,955 31,005 0 1,368,950 100.0% 10/1/2018 TTM 5/31/2018 1,574,743 171,729 1,403,014 12/31/2017 1,574,743 156,013
22 Loan County Line Plaza 13.1% 12.7% 2,482,689 720,590 1,762,098 44,225 0 1,717,873 84.5% 7/10/2018 TTM 5/31/2018 2,536,419 760,156 1,776,263 12/31/2017 2,598,031 760,776
23 Loan Aspect RHG Hotel Portfolio 13.1% 11.2% 17,963,379 11,900,238 6,063,140 898,169 0 5,164,972 81.2% 7/17/2018 TTM 4/30/2018 18,008,285 11,662,506 6,345,779 12/31/2017 17,894,637 11,477,039
23.01 Property Hilton Garden Inn Nashville Smyrna     4,922,749 2,891,790 2,030,959 246,137 0 1,784,822 82.3% 7/17/2018 TTM 4/30/2018 4,922,749 2,829,845 2,092,904 12/31/2017 4,904,305 2,778,420
23.02 Property Aloft Hotel Broomfield     5,854,407 4,119,926 1,734,482 292,720 0 1,441,761 79.9% 7/17/2018 TTM 4/30/2018 5,805,105 4,164,882 1,640,223 12/31/2017 5,681,414 4,085,422
23.03 Property Hampton Inn Nashville Smyrna     3,309,629 1,930,274 1,379,355 165,481 0 1,213,874 83.6% 7/17/2018 TTM 4/30/2018 3,403,838 1,894,895 1,508,943 12/31/2017 3,414,944 1,884,303
23.04 Property Hyatt Place Phoenix North     3,876,593 2,958,249 918,344 193,830 0 724,515 79.6% 7/17/2018 TTM 4/30/2018 3,876,593 2,772,884 1,103,709 12/31/2017 3,893,974 2,728,894
24 Loan Ocean Point 11.9% 11.2% 1,922,704 435,377 1,487,327 16,560 80,210 1,390,558 92.6% 8/1/2018 TTM 6/30/2018 1,460,264 408,098 1,052,166 12/31/2017 1,339,468 386,832
25 Loan Residence Inn Chicago Deerfield 14.9% 13.2% 4,549,063 2,884,186 1,664,878 181,963 0 1,482,915 71.7% 6/30/2018 TTM 6/30/2018 4,549,063 2,848,903 1,700,160 12/31/2017 4,575,690 2,880,448
26 Loan Belle Mill Landing 9.5% 9.0% 1,325,735 311,448 1,014,287 23,177 31,584 959,526 86.4% 8/31/2018 TTM 7/31/2018 1,325,255 347,631 977,624 12/31/2017 1,178,553 354,505
27 Loan Westside Market Place Shopping Center 9.7% 9.0% 1,380,557 359,787 1,020,770 17,881 59,602 943,288 100.0% 6/1/2018 N/A N/A N/A N/A N/A N/A N/A
28 Loan Residence Inn Boston Danvers 14.6% 12.9% 4,099,883 2,663,117 1,436,766 163,995 0 1,272,771 85.2% 6/30/2018 TTM 6/30/2018 4,099,883 2,621,877 1,478,006 12/31/2017 4,152,608 2,628,227
29 Loan Laguna Village 13.3% 12.4% 1,780,834 500,311 1,280,523 18,366 67,540 1,194,617 92.9% 8/14/2018 TTM 6/30/2018 1,165,233 466,640 698,594 12/31/2017 1,045,667 482,999
30 Loan Home 2 Suites Lake City 18.9% 17.3% 3,536,541 1,886,989 1,649,552 141,462 0 1,508,090 88.0% 7/12/2018 TTM 5/31/2018 3,536,541 1,903,213 1,633,328 12/31/2017 3,439,661 1,810,157
31 Loan Trinity Park 9.7% 9.2% 1,126,032 281,284 844,748 7,647 33,139 803,961 96.5% 6/1/2018 TTM 6/30/2018 876,869 279,589 597,281 12/31/2017 732,130 256,885
32 Loan Cabrillo Plaza 15.7% 14.6% 1,922,569 565,343 1,357,227 21,484 76,729 1,259,014 92.8% 6/30/2018 TTM 6/30/2018 1,719,011 576,511 1,142,500 12/31/2017 1,767,037 565,568
33 Loan 1015 Locust 12.2% 10.2% 2,256,312 1,217,197 1,039,114 45,799 129,245 864,071 73.4% 6/1/2018 TTM 6/30/2018 2,167,086 1,249,701 917,385 12/31/2017 2,115,733 1,260,888
34 Loan Country Inn & Suites Gainesville 14.5% 13.0% 3,236,104 2,006,109 1,229,994 129,444 0 1,100,550 85.2% 7/19/2018 TTM 5/31/2018 3,236,104 2,035,681 1,200,423 12/31/2017 3,276,703 2,030,519
35 Loan Westgate Center 9.9% 9.4% 1,041,713 296,495 745,218 11,561 26,846 706,812 100.0% 8/1/2018 TTM 7/31/2018 387,470 67,646 319,824 N/A N/A N/A
36 Loan DoubleTree by Hilton Hotel Santa Fe 18.7% 16.2% 4,313,058 3,007,148 1,305,910 172,522 0 1,133,388 76.4% TTM 6/30/2018 TTM 6/30/2018 4,313,058 3,032,507 1,280,551 12/31/2017 4,032,615 2,939,695
37 Loan Kohl’s - Fort Smith 9.7% 9.7% 684,476 20,534 663,942 3,106 0 660,836 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
38 Loan Scottsdale Haciendas 11.0% 10.7% 1,133,801 419,444 714,357 19,750 0 694,607 98.7% 7/25/2018 TTM 6/30/2018 1,103,823 394,147 709,677 12/31/2017 1,057,467 378,905
39 Loan Country Square 12.8% 12.2% 1,151,597 349,460 802,138 12,427 21,083 768,627 99.0% 7/31/2018 TTM 7/31/2018 1,184,575 330,290 854,285 12/31/2017 1,140,581 412,360
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce 14.4% 12.5% 2,880,107 1,983,295 896,812 115,204 0 781,608 81.3% TTM 7/31/2018 TTM 7/31/2018 2,880,107 1,946,101 934,006 12/31/2017 2,807,689 1,878,235
41 Loan Forest Oaks Plaza 11.6% 10.2% 1,012,782 300,365 712,418 17,058 70,000 625,359 89.7% 7/31/2018 TTM 5/31/2018 895,137 245,885 649,253 12/31/2017 875,858 238,132
42 Loan 1000 Buffalo Road 11.7% 10.6% 745,046 33,912 711,134 28,296 38,850 643,988 100.0% 10/1/2018 TTM 3/31/2018 764,105 17,996 746,109 12/31/2017 761,250 23,495
43 Loan Quality Inn & Suites Florence 20.0% 18.4% 2,379,708 1,181,454 1,198,254 95,188 0 1,103,065 76.2% TTM 6/30/2018 TTM 6/30/2018 2,240,729 1,048,175 1,192,554 12/31/2017 1,982,894 956,122
44 Loan Holiday Inn Express - Brooksville 13.7% 12.3% 1,847,151 1,112,883 734,268 73,886 0 660,382 58.7% 8/15/2018 TTM 6/30/2018 1,847,084 1,105,745 741,339 12/31/2017 1,936,506 1,111,217
45 Loan 4 Lotus Boulevard 10.1% 10.0% 793,535 311,753 481,782 7,380 0 474,402 94.9% 6/30/2018 TTM 6/30/2018 757,783 304,602 453,181 12/31/2017 694,716 304,551
46 Loan Eastern Courtyard 11.2% 10.8% 706,257 174,697 531,560 10,377 10,358 510,825 80.2% 5/8/2018 TTM 6/30/2018 538,254 125,847 412,407 12/31/2017 537,508 144,877
47 Loan Best Western Travelers Rest 14.6% 13.2% 1,578,526 894,389 684,137 63,141 0 620,996 72.6% TTM 6/30/2018 TTM 6/30/2018 1,577,916 912,642 665,273 12/31/2017 1,514,549 878,060
48 Loan 8950 Old FM 1405 12.0% 10.4% 751,426 210,091 541,335 9,705 64,700 466,930 100.0% 10/1/2018 N/A N/A N/A N/A N/A N/A N/A
49 Loan CVS Pompano Beach 8.8% 8.8% 377,390 15,338 362,052 1,911 0 360,142 100.0% 10/1/2018 TTM 5/31/2018 421,570 0 421,570 12/31/2017 421,570 0
50 Loan Country Inn & Suites - Vero Beach I 95 13.6% 11.8% 1,749,825 1,207,069 542,756 69,993 0 472,763 80.6% TTM 7/31/2018 TTM 7/31/2018 1,831,601 1,259,827 571,774 12/31/2017 1,756,934 1,217,331
51 Loan Country Inn & Suites Norcross 16.0% 14.5% 1,343,790 759,210 584,580 53,752 0 530,829 81.2% TTM 6/30/2018 TTM 6/30/2018 1,402,980 714,554 688,426 12/31/2017 1,353,667 687,476
52 Loan Magnolia Village 10.8% 10.1% 437,085 146,989 290,096 5,736 10,851 273,508 88.4% 7/17/2018 TTM 6/30/2018 425,991 145,023 280,968 12/31/2017 412,473 139,990
53 Loan A Storage Place - Fortuna 11.3% 11.0% 376,292 151,068 225,224 6,162 0 219,062 96.0% 8/21/2018 7/31/2018 T-6 Annualized 386,212 162,918 223,294 12/31/2017 352,992 131,254

 

A-1-5

 

 

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

 

Mortgage Loan Number Property Flag Property Name 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(8)(9)(10)(11)(22) Largest Tenant Sq. Ft. Largest Tenant % of NRA(23) Largest Tenant Exp. Date(2) Second Largest Tenant Name(9)(11) Second Largest Tenant Sq. Ft. Second Largest Tenant % of NRA(23) Second Largest Tenant Exp. Date(2)
1 Loan 1670 Broadway 7,362,769 12/31/2016 15,457,382 8,884,729 6,572,653 TIAA 341,079 48.5% 12/31/2029 HUD 86,809 12.3% 12/31/2028
2 Loan The Buckingham 4,192,755 12/31/2016 5,946,645 2,123,243 3,823,402 N/A N/A N/A N/A N/A N/A N/A N/A
3 Loan Lower Makefield Corporate Center - South 1,953,431 12/31/2016 3,109,069 2,337,064 772,005 Crown Cork & Seal USA Inc 57,275 20.7% 9/12/2029 Heraeus Inc 19,381 7.0% 6/30/2021
4 Loan Christiana Mall 43,514,169 12/31/2016 54,140,474 10,182,915 43,957,559 TARGET 145,312 18.7% 12/31/2036 CABELA’S 100,000 12.8% 1/31/2035
5 Loan Wyvernwood Apartments 10,610,488 12/31/2016 15,225,327 4,978,285 10,247,043 N/A N/A N/A N/A N/A N/A N/A N/A
6 Loan Pier 1 Imports Headquarters 6,405,035 12/31/2016 11,644,457 5,754,759 5,889,698 Pier 1 Imports (U.S), Inc. 408,037 99.5% 6/30/2027 N/A N/A N/A N/A
7 Loan Village at Beech Hill 2,456,255 12/31/2016 4,207,249 2,046,041 2,161,208 N/A N/A N/A N/A N/A N/A N/A N/A
8 Loan Silverado Ranch Place 1,869,043 12/31/2016 3,037,618 975,009 2,062,609 Planet Fitness 30,902 16.4% 5/31/2028 State of Nevada 16,981 9.0% 12/31/2018
9 Loan Barrywoods Crossing 3,180,815 12/31/2016 4,055,293 1,126,311 2,928,982 American Multi-Cinema 89,290 36.4% 12/31/2022 Bed Bath & Beyond 36,572 14.9% 1/31/2023
10 Loan Shelbourne Global Portfolio I 8,449,867 12/31/2016 13,915,495 6,054,482 7,861,013 Various 363,469 56.7% Various Various 170,431 26.6% Various
10.01 Property 1515 Broad Street 3,002,220 12/31/2016 5,310,882 2,786,077 2,524,805 Lummus Technology Inc. 115,811 39.9% 12/31/2022 Universal Technical Institute 112,467 38.8% 12/30/2030
10.02 Property 140 Centennial Avenue 1,515,393 12/31/2016 2,728,386 1,042,036 1,686,350 Thales USA, Inc. 61,224 70.5% 9/30/2023 Aromatech 25,636 29.5% 6/22/2023
10.03 Property 675 Central Avenue 1,082,279 12/31/2016 1,671,286 530,327 1,140,959 Chemetall US INC 39,274 54.0% 2/14/2024 Graver Water Systems LLC 18,110 24.9% 3/28/2020
10.04 Property 275 Centennial Avenue 941,631 12/31/2016 1,192,331 226,903 965,428 Cablevision 56,150 100.0% 11/30/2023 N/A     N/A
10.05 Property 691 Central Avenue 923,703 12/31/2016 1,339,818 542,424 797,394 NJ Organ & Tissue (NJ Sharing Network) 47,782 100.0% 1/31/2032 N/A     N/A
10.06 Property 80 Kingsbridge Road 222,098 12/31/2016 439,380 225,992 213,388 East Coast Fitness, LLC 16,745 54.1% 11/14/2028 Cablevision 14,218 45.9% 11/30/2023
10.07 Property 20 Kingsbridge Road 762,543 12/31/2016 1,233,412 700,723 532,689 Puracap Pharmaceutical LLC 26,483 46.9% 5/31/2028 N/A     N/A
11 Loan Ellsworth Place 5,952,628 12/31/2016 5,736,257 2,719,704 3,016,553 Burlington Coat Factory 65,096 18.7% 2/28/2026 Dave & Buster’s 41,975 12.1% 1/31/2032
12 Loan Wendland Plaza 784,197 12/31/2016 1,237,144 265,232 971,911 Vista College 45,894 22.4% 4/30/2022 Conn’s 45,000 21.9% 2/28/2028
13 Loan Medtronic Santa Rosa 1,761,167 12/31/2016 2,187,318 472,829 1,714,489 Medtronic Vascular 126,585 100.0% 3/31/2025 N/A N/A N/A N/A
14 Loan 121 East Maryland Street Parking Garage 1,730,934 12/31/2016 2,203,830 590,750 1,613,080 N/A N/A N/A N/A N/A N/A N/A N/A
15 Loan Fort Wayne Hotel Portfolio 2,316,659 12/31/2016 5,678,106 3,790,411 1,887,695 N/A N/A N/A N/A N/A N/A N/A N/A
15.01 Property Hilton Garden Inn 1,230,724 12/31/2016 3,145,609 2,103,183 1,042,426 N/A N/A N/A N/A N/A N/A N/A N/A
15.02 Property Homewood Suites 1,085,935 12/31/2016 2,532,497 1,687,228 845,269 N/A N/A N/A N/A N/A N/A N/A N/A
16 Loan Arizona Pavilions West N/A N/A N/A N/A N/A Ross Dress for Less 27,331 27.1% 1/31/2028 TJ Maxx 21,000 20.8% 3/31/2027
17 Loan Riverwalk 6,621,759 12/31/2016 9,353,828 3,023,123 6,330,705  Solectria 78,410 12.4% 3/1/2019  Partners Community Healthcare 48,892 7.8% 11/1/2019
18 Loan Valley View Shopping Center N/A N/A N/A N/A N/A Dicks 47,700 39.6% 1/31/2024 Gabe’s 33,712 28.0% 2/15/2029
19 Loan Quala N/A N/A N/A N/A N/A Quala 103,170 100.0% 6/30/2038 N/A N/A N/A N/A
19.01 Property Quala - Pasadena N/A N/A N/A N/A N/A Quala - Pasadena 27,505 100.0% 6/30/2038 N/A N/A N/A N/A
19.02 Property Quala - Joliet N/A N/A N/A N/A N/A Quala - Joliet 25,566 100.0% 6/30/2038 N/A N/A N/A N/A
19.03 Property Quala - Saint Gabriel N/A N/A N/A N/A N/A Quala - St. Gabriel 17,259 100.0% 6/30/2038 N/A N/A N/A N/A
19.04 Property Quala - Cedar Rapids N/A N/A N/A N/A N/A Quala - Cedar Rapids 14,617 100.0% 6/30/2038 N/A N/A N/A N/A
19.05 Property Quala - Neenah N/A N/A N/A N/A N/A Quala - Neenah 12,328 100.0% 6/30/2038 N/A N/A N/A N/A
19.06 Property Quala - Saraland N/A N/A N/A N/A N/A Quala - Saraland 5,895 100.0% 6/30/2038 N/A N/A N/A N/A
20 Loan Linden Pointe 1,588,470 12/31/2016 2,399,733 1,083,493 1,316,240 Riverhills Healthcare, Inc. 39,881 32.9% 5/31/2026 SRC/Radio Cincinnati, Inc. 16,288 13.4% 5/31/2029
21 Loan Manor Parking Garage 1,418,730 12/31/2016 1,628,088 156,013 1,472,075 Alco Parking 1,060 N/A 12/31/2026 N/A N/A N/A N/A
22 Loan County Line Plaza 1,837,255 12/31/2016 2,500,797 780,727 1,720,069 Burlington 50,280 22.7% 2/28/2027 Conn’s 43,012 19.5% 4/30/2024
23 Loan Aspect RHG Hotel Portfolio 6,417,598 12/31/2016 17,231,415 11,478,152 5,753,263 N/A N/A N/A N/A N/A N/A N/A N/A
23.01 Property Hilton Garden Inn Nashville Smyrna 2,125,885 12/31/2016 4,687,669 2,813,504 1,874,165 N/A N/A N/A N/A N/A N/A N/A N/A
23.02 Property Aloft Hotel Broomfield 1,595,992 12/31/2016 5,409,269 4,151,861 1,257,408 N/A N/A N/A N/A N/A N/A N/A N/A
23.03 Property Hampton Inn Nashville Smyrna 1,530,641 12/31/2016 3,311,151 1,838,566 1,472,585 N/A N/A N/A N/A N/A N/A N/A N/A
23.04 Property Hyatt Place Phoenix North 1,165,080 12/31/2016 3,823,326 2,674,221 1,149,105 N/A N/A N/A N/A N/A N/A N/A N/A
24 Loan Ocean Point 952,636 12/31/2016 1,249,012 302,914 946,098 Obalon Therapeutics Inc. 20,200 24.4% 3/31/2022 Premier Pools & Spas 5,260 6.4% 12/31/2020
25 Loan Residence Inn Chicago Deerfield 1,695,242 12/31/2016 4,131,618 2,706,466 1,425,152 N/A   N/A N/A N/A   N/A N/A
26 Loan Belle Mill Landing 824,048 12/31/2016 986,046 378,490 607,556 Food Maxx 46,025 39.7% 12/10/2024 Fitness Evolution 28,710 24.8% 6/5/2033
27 Loan Westside Market Place Shopping Center N/A N/A N/A N/A N/A Academy Sports 62,994 52.8% 3/31/2033 TJ Maxx 19,963 16.7% 3/31/2028
28 Loan Residence Inn Boston Danvers 1,524,381 12/31/2016 3,874,483 2,524,482 1,350,001 N/A   N/A N/A N/A   N/A N/A
29 Loan Laguna Village 562,668 12/31/2016 1,063,981 446,404 617,577 Christ Church of the Valley 36,743 36.0% 5/31/2029 Performance Bikes 12,662 12.4% 8/31/2021
30 Loan Home 2 Suites Lake City 1,629,504 12/31/2016 2,748,646 1,435,027 1,313,619 N/A N/A N/A N/A N/A N/A N/A N/A
31 Loan Trinity Park 475,245 12/31/2016 556,329 240,827 315,502 Trinity Private Equity Group 9,129 17.9% 9/30/2030 Mazak Corp 7,229 14.2% 10/31/2023
32 Loan Cabrillo Plaza 1,201,469 12/31/2016 1,716,121 526,324 1,189,797 Potomac-Hudson Engineering 3,708 4.8% 10/31/2021 Survivors of Tourture 2,822 3.7% 12/31/2018
33 Loan 1015 Locust 854,845 12/31/2016 1,972,140 1,210,976 761,164 Maune Raichle Hartley French & Mudd LLC 47,119 24.0% 5/31/2022 Level 3 Communications, LLC 42,009 21.4% 7/31/2027
34 Loan Country Inn & Suites Gainesville 1,246,184 12/31/2016 3,128,776 1,825,011 1,303,765 N/A N/A N/A N/A N/A N/A N/A N/A
35 Loan Westgate Center N/A N/A N/A N/A N/A Cardenas 36,500 47.4% 5/31/2038 Rockin’ Jump 21,250 27.6% 9/30/2027
36 Loan DoubleTree by Hilton Hotel Santa Fe 1,092,920 12/31/2016 T -11 Annualized 3,504,140 2,566,969 937,171 N/A N/A N/A N/A N/A N/A N/A N/A
37 Loan Kohl’s - Fort Smith N/A N/A N/A N/A N/A Kohl’s 62,117 100.0% 6/30/2032 N/A N/A N/A N/A
38 Loan Scottsdale Haciendas 678,562 12/31/2016 986,712 346,826 639,886 N/A N/A N/A N/A N/A N/A N/A N/A
39 Loan Country Square 728,221 12/31/2016 1,062,888 375,809 687,079 Teleperformance 36,900 44.5% 9/30/2019 Tuesday Morning 15,755 19.0% 7/15/2021
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce 929,454 12/31/2016 2,402,562 1,642,811 759,751 N/A N/A N/A N/A N/A N/A N/A N/A
41 Loan Forest Oaks Plaza 637,726 12/31/2016 644,171 342,843 301,328 Sky Zone 32,000 28.1% 8/31/2026 Surplus Warehouse 19,579 17.2% 5/31/2023
42 Loan 1000 Buffalo Road 737,755 N/A N/A N/A N/A Playworld Systems Incorporated 259,000 100.0% 8/31/2026 N/A N/A N/A N/A
43 Loan Quality Inn & Suites Florence 1,026,772 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 - Brooksville 825,289 12/31/2016 1,688,499 1,060,771 627,728 N/A N/A N/A N/A N/A N/A N/A N/A
45 Loan 4 Lotus Boulevard 390,165 12/31/2016 657,129 312,668 344,461 N/A N/A N/A N/A N/A N/A N/A N/A
46 Loan Eastern Courtyard 392,631 12/31/2016 468,493 125,932 342,561 Desert Radiology 20,980 40.4% 1/1/2020 Comprehensive Cancer Centers of Nevada 9,371 18.1% 6/30/2019
47 Loan Best Western Travelers Rest 636,489 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
48 Loan 8950 Old FM 1405 N/A N/A N/A N/A N/A West Texas Drum Company Ltd II 64,700 100.0% 7/9/2038 N/A N/A N/A N/A
49 Loan CVS Pompano Beach 421,570 12/31/2016 421,570 0 421,570 CVS 12,739 100.0% 1/26/2038 N/A N/A N/A N/A
50 Loan Country Inn & Suites - Vero Beach I 95 539,603 12/31/2016 1,380,826 948,654 432,172 N/A N/A N/A N/A N/A N/A N/A N/A
51 Loan Country Inn & Suites Norcross 666,191 12/31/2016 1,186,315 678,539 507,776 N/A N/A N/A N/A N/A N/A N/A N/A
52 Loan Magnolia Village 272,483 12/31/2016 383,024 141,351 241,673 Dossett Dental 3,300 21.3% 5/31/2029 Urgent Care of Texas 2,866 18.5% 6/30/2022
53 Loan A Storage Place - Fortuna 221,738 12/31/2016 347,069 127,754 219,315 N/A N/A N/A N/A N/A N/A N/A N/A

 

A-1-6

 

 

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

 

Mortgage Loan Number Property Flag Property Name Third Largest Tenant Name(9) Third Largest Tenant Sq. Ft. Third Largest Tenant % of NRA(23) Third Largest Tenant Exp. Date(2) Fourth Largest Tenant Name(9)(11) Fourth Largest Tenant Sq. Ft. Fourth Largest Tenant % of NRA(23) Fourth Largest Tenant Exp. Date(2) Fifth Largest Tenant Name(8) Fifth Largest Tenant Sq. Ft. Fifth Largest Tenant % of NRA(23) Fifth Largest Tenant Exp. Date(2) Engineering Report Date
1 Loan 1670 Broadway HDR Engineering 54,773 7.8% 10/31/2020 TransMontaigne 44,795 6.4% 10/31/2019 UMB Bank 43,684 6.2% 12/31/2020 7/12/2018
2 Loan The Buckingham N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/19/2018
3 Loan Lower Makefield Corporate Center - South ApotheCom Associates LLC 19,245 7.0% 12/31/2025 The College Entrance ExamBoard 18,071 6.5% 6/30/2026 The StayWell Company, LLC 17,517 6.3% 1/31/2028 7/25/2018
4 Loan Christiana Mall CINEMARK 50,643 6.5% 11/30/2029 BARNES & NOBLE BOOKSELLER 36,803 4.7% 1/31/2020 Forever 21 27,300 3.5% 1/31/2020 6/11/2018
5 Loan Wyvernwood Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/29/2018
6 Loan Pier 1 Imports Headquarters N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/3/2018
7 Loan Village at Beech Hill N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/29/2018
8 Loan Silverado Ranch Place Santa’s Wrap 15,000 8.0% 1/31/2023 Dollar Tree 9,400 5.0% 8/31/2023 Southern Nevada Suites, Inc. 6,000 3.2% 3/31/2026 7/30/2018
9 Loan Barrywoods Crossing Ross 33,859 13.8% 1/31/2024 Office Max 23,119 9.4% 10/31/2022 Party City 16,477 6.7% 1/31/2027 6/1/2018
10 Loan Shelbourne Global Portfolio I Various 47,470 7.4% Various Various 24,856 3.9% Various N/A     N/A Various
10.01 Property 1515 Broad Street Montclair State University 36,875 12.7% 10/31/2024 New Jersey Urology, LLC 24,856 8.6% 10/19/2021 N/A     N/A 8/17/2018
10.02 Property 140 Centennial Avenue N/A     N/A N/A     N/A N/A     N/A 8/6/2018
10.03 Property 675 Central Avenue Svelte Medical Systems, Inc. 10,595 14.6% 4/20/2023 N/A     N/A N/A     N/A 8/6/2018
10.04 Property 275 Centennial Avenue N/A     N/A N/A     N/A N/A     N/A 8/6/2018
10.05 Property 691 Central Avenue N/A     N/A N/A     N/A N/A     N/A 8/6/2018
10.06 Property 80 Kingsbridge Road N/A     N/A N/A     N/A N/A     N/A 8/6/2018
10.07 Property 20 Kingsbridge Road N/A     N/A N/A     N/A N/A     N/A 8/6/2018
11 Loan Ellsworth Place Marshalls 27,771 8.0% 6/30/2020 Ross Dress For Less, Inc. 25,716 7.4% 1/31/2027 TJ Maxx 24,000 6.9% 11/30/2025 6/26/2018
12 Loan Wendland Plaza Altitude Trampoline Park 44,580 21.7% 11/30/2027 Crunch Fitness 27,587 13.4% 3/31/2030 Dollar Tree 10,500 5.1% 4/30/2025 6/21/2018
13 Loan Medtronic Santa Rosa N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/15/2018
14 Loan 121 East Maryland Street Parking Garage N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/5/2018
15 Loan Fort Wayne Hotel 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 4/2/2018
15.01 Property Hilton Garden Inn N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 4/2/2018
15.02 Property Homewood Suites N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 4/2/2018
16 Loan Arizona Pavilions West Homegoods 20,125 19.9% 6/30/2027 Petco 12,500 12.4% 1/31/2028 Dollar Tree 9,903 9.8% 6/30/2027 6/5/2018
17 Loan Riverwalk  Home Health VNA 34,252 5.4% 10/15/2025  Jaybird & Mais 33,786 5.4% 12/1/2021  Select One Construction 31,000 4.9% 4/30/2033 4/26/2018
18 Loan Valley View Shopping Center Michaels 24,603 20.4% 2/29/2028 DSW Shoe Warehouse 14,445 12.0% 1/31/2029 N/A N/A N/A N/A 4/16/2018
19 Loan Quala 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
19.01 Property Quala - Pasadena N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/24/2018
19.02 Property Quala - Joliet N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/23/2018
19.03 Property Quala - Saint Gabriel N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/23/2018
19.04 Property Quala - Cedar Rapids N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/26/2018
19.05 Property Quala - Neenah N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/25/2018
19.06 Property Quala - Saraland N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/18/2018
20 Loan Linden Pointe The Christ Hospital 14,334 11.8% 4/30/2023 Education Theatre Association 13,734 11.3% 4/30/2029 Kidney Dialysis 8,311 6.9% 12/31/2029 4/26/2018
21 Loan Manor Parking Garage N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 8/1/2018
22 Loan County Line Plaza Burke’s Outlet 25,000 11.3% 4/30/2026 Shoe Station 16,000 7.2% 12/31/2021 Tuesday Morning 12,000 5.4% 1/31/2021 6/18/2018
23 Loan Aspect RHG Hotel 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 Various
23.01 Property Hilton Garden Inn Nashville Smyrna N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/25/2018
23.02 Property Aloft Hotel Broomfield N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/22/2018
23.03 Property Hampton Inn Nashville Smyrna N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/25/2018
23.04 Property Hyatt Place Phoenix North N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/25/2018
24 Loan Ocean Point Pacific Drive-Ins LLC 4,972 6.0% 7/31/2021 Redline Surgical, Inc. 4,956 6.0% 4/30/2023 Mindflow Design, Inc. 3,591 4.3% 11/30/2018 6/22/2018
25 Loan Residence Inn Chicago Deerfield N/A   N/A N/A N/A   N/A N/A N/A   N/A N/A 7/13/2018
26 Loan Belle Mill Landing Aaron Rents 4,575 3.9% 12/31/2019 Round Table Pizza 4,500 3.9% 1/31/2022 Shari’s Restaurant 3,750 3.2% 10/31/2022 6/18/2018
27 Loan Westside Market Place Shopping Center PetSmart 18,256 15.3% 3/31/2028 Ross 17,991 15.1% 1/31/2029 N/A N/A N/A N/A 7/6/2018
28 Loan Residence Inn Boston Danvers N/A   N/A N/A N/A   N/A N/A N/A   N/A N/A 7/13/2018
29 Loan Laguna Village Chandler MMA 5,043 4.9% 6/30/2020 Teakwoods 4,800 4.7% 5/31/2023 Jersey’s Bar and Grill 4,585 4.5% 4/30/2023 7/3/2018
30 Loan Home 2 Suites Lake City N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/25/2018
31 Loan Trinity Park Kawasaki Motors 6,080 11.9% 9/30/2025 ID90 5,024 9.9% 10/30/2022 Senju Sprinklers 2,743 5.4% 12/31/2021 7/19/2018
32 Loan Cabrillo Plaza AUSGAR Tech, Inc. 2,370 3.1% 9/30/2020 Alliance Manangement Corp. 2,228 2.9% 9/30/2019 The Martin Alliance, Inc. 2,223 2.9% 4/30/2019 5/30/2018
33 Loan 1015 Locust Kortenhof, MC Glynn & Burns LLC 7,922 4.0% 8/31/2020 Massie, Fudemberg, Goldberg, LLC 5,096 2.6% 1/31/2020 Bailey’s Catering 4,120 2.1% 11/30/2021 6/13/2018
34 Loan Country Inn & Suites Gainesville N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/25/2018
35 Loan Westgate Center Rite Aid 19,320 25.1% 1/31/2022 N/A N/A N/A N/A N/A N/A N/A N/A 5/21/2018
36 Loan DoubleTree by Hilton Hotel Santa Fe N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/12/2018
37 Loan Kohl’s - Fort Smith N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/5/2018
38 Loan Scottsdale Haciendas N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 6/27/2018
39 Loan Country Square Luxe Beauty Day Spa & Lash 3,385 4.1% 8/31/2019 Bhutan House 3,065 3.7% 4/30/2021 Szechuan Garden 3,044 3.7% 12/31/2018 6/21/2018
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 8/7/2018
41 Loan Forest Oaks Plaza CSL Plasma 10,500 9.2% 6/30/2029 Dollar General 10,200 9.0% 7/31/2022 Cycle Gear 6,934 6.1% 5/31/2022 6/19/2018
42 Loan 1000 Buffalo Road N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/25/2018
43 Loan Quality Inn & Suites Florence N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/10/2018
44 Loan Holiday Inn Express - Brooksville N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/22/2018
45 Loan 4 Lotus Boulevard N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/17/2018
46 Loan Eastern Courtyard Medical Imaging 6,940 13.4% 12/31/2027 LVRMC 2,400 4.6% 2/28/2023 Ejaz Kamboj, M.D., Inc. 1,896 3.7% 10/31/2021 6/26/2018
47 Loan Best Western Travelers Rest N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/25/2018
48 Loan 8950 Old FM 1405 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 8/29/2018
49 Loan CVS Pompano Beach N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5/4/2018
50 Loan Country Inn & Suites - Vero Beach I 95 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 8/6/2018
51 Loan Country Inn & Suites Norcross N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 7/23/2018
52 Loan Magnolia Village Foot Spa 1,511 9.7% 8/31/2021 Baylor Institute for Rehabilitation 1,450 9.4% 1/31/2023 Liberation Coffee Co. 1,316 8.5% 5/31/2026 8/1/2018
53 Loan A Storage Place - Fortuna N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 8/1/2018

 

A-1-7

 

 

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

 

Mortgage Loan Number Property Flag Property Name Environmental Report Date (Phase I)(15)(16) Environmental Report Date (Phase II)(15)(16) Seismic Report Date Seismic PML % Loan Purpose Engineering Reserve / Deferred Maintenance Initial Tax Reserve Monthly Tax Reserve(26) Initial Insurance Reserve Monthly Insurance Reserve(26) Initial Replacement Reserve Monthly Replacement Reserve(12)(14)(26) Replacement Reserve Cap
1 Loan 1670 Broadway 7/12/2018 N/A N/A N/A Acquisition   1,364,461 312,950 61,230 18,223 290,496 11,728 N/A
2 Loan The Buckingham 7/19/2018 N/A N/A N/A Acquisition   98,772 37,989 22,511 4,894   9,458 N/A
3 Loan Lower Makefield Corporate Center - South 7/25/2018 N/A N/A N/A Acquisition   141,869 67,557       4,609 N/A
4 Loan Christiana Mall 6/11/2018 N/A N/A N/A Refinance               241,565
5 Loan Wyvernwood Apartments 5/30/2018 N/A 5/30/2018 15.0% Refinance 821,100 119,873 46,105       31,333 N/A
6 Loan Pier 1 Imports Headquarters 7/3/2018 N/A N/A N/A Acquisition   1,597,614 199,702 14,653     5,125 N/A
7 Loan Village at Beech Hill 6/29/2018 N/A N/A N/A Refinance   177,716 38,634 67,022 6,323   8,000 N/A
8 Loan Silverado Ranch Place 7/30/2018 N/A N/A N/A Acquisition 13,313 36,452 14,020 6,205 2,387   3,137 N/A
9 Loan Barrywoods Crossing 6/1/2018 N/A N/A N/A Refinance 240,251 662,845 57,142 102,627 15,841   3,267 N/A
10 Loan Shelbourne Global Portfolio I Various N/A N/A N/A Refinance 16,194 573,000 191,000 71,290 14,383   11,755 N/A
10.01 Property 1515 Broad Street 8/13/2018 N/A N/A N/A                  
10.02 Property 140 Centennial Avenue 8/9/2018 N/A N/A N/A                  
10.03 Property 675 Central Avenue 8/13/2018 N/A N/A N/A                  
10.04 Property 275 Centennial Avenue 8/6/2018 N/A N/A N/A                  
10.05 Property 691 Central Avenue 8/13/2018 N/A N/A N/A                  
10.06 Property 80 Kingsbridge Road 8/6/2018 N/A N/A N/A                  
10.07 Property 20 Kingsbridge Road 8/6/2018 N/A N/A N/A                  
11 Loan Ellsworth Place 6/22/2018 N/A N/A N/A Acquisition 16,875   41,858 61,994 6,560   7,245 N/A
12 Loan Wendland Plaza 6/21/2018 N/A N/A N/A Recapitalization   90,953 9,474 30,173 3,970 75,000   75,000
13 Loan Medtronic Santa Rosa 6/15/2018 N/A 6/15/2018 10.0% Acquisition   226,333 32,333 9,102 4,551     N/A
14 Loan 121 East Maryland Street Parking Garage 7/6/2018 N/A N/A N/A Refinance   76,548 13,669 6,461 1,405   3,333 N/A
15 Loan Fort Wayne Hotel Portfolio 4/2/2018 N/A N/A N/A Acquisition 153,175 64,451 10,742 23,140     5,480 N/A
15.01 Property Hilton Garden Inn 4/2/2018 N/A N/A N/A                  
15.02 Property Homewood Suites 4/2/2018 N/A N/A N/A                  
16 Loan Arizona Pavilions West 6/5/2018 N/A N/A N/A Refinance 15,000 291,375 41,625 12,174 1,522   843 N/A
17 Loan Riverwalk 4/26/2018 N/A N/A N/A Refinance           270,000   270,000
18 Loan Valley View Shopping Center 4/16/2018 N/A N/A N/A Refinance 472,402 31,482 15,742 15,774 1,753   1,004 N/A
19 Loan Quala Various N/A N/A N/A Acquisition               20,750
19.01 Property Quala - Pasadena 8/6/2018 N/A N/A N/A                  
19.02 Property Quala - Joliet 8/7/2018 N/A N/A N/A                  
19.03 Property Quala - Saint Gabriel 8/6/2018 N/A N/A N/A                  
19.04 Property Quala - Cedar Rapids 8/7/2018 N/A N/A N/A                  
19.05 Property Quala - Neenah 8/6/2018 N/A N/A N/A                  
19.06 Property Quala - Saraland 8/6/2018 N/A N/A N/A                  
20 Loan Linden Pointe 4/27/2018 N/A N/A N/A Refinance   114,305 31,751 10,450 986   2,022 N/A
21 Loan Manor Parking Garage 7/31/2018 N/A N/A N/A Refinance 63,630     8,762     4,417 N/A
22 Loan County Line Plaza 6/18/2018 N/A N/A N/A Acquisition 643,595 256,562 29,833 10,096 3,883   3,685 N/A
23 Loan Aspect RHG Hotel Portfolio Various N/A N/A N/A Acquisition   200,000 79,631 50,000   14,970 14,970 N/A
23.01 Property Hilton Garden Inn Nashville Smyrna 6/22/2018 N/A N/A N/A                  
23.02 Property Aloft Hotel Broomfield 6/22/2018 N/A N/A N/A                  
23.03 Property Hampton Inn Nashville Smyrna 6/25/2018 N/A N/A N/A                  
23.04 Property Hyatt Place Phoenix North 6/22/2018 N/A N/A N/A                  
24 Loan Ocean Point 6/22/2018 N/A 6/22/2018 11.0% Refinance 4,590 84,133 13,747     74,000 1,380 N/A
25 Loan Residence Inn Chicago Deerfield 7/13/2018 N/A N/A N/A Acquisition   51,500 17,167 37,220 3,384     N/A
26 Loan Belle Mill Landing 6/18/2018 N/A 6/18/2018 7.0% Refinance   47,579 10,343 36,452 3,439   1,931 69,531
27 Loan Westside Market Place Shopping Center 7/6/2018 N/A N/A N/A Refinance               N/A
28 Loan Residence Inn Boston Danvers 7/13/2018 N/A N/A N/A Acquisition   28,000 9,333 38,588 3,508     N/A
29 Loan Laguna Village 7/5/2018 N/A N/A N/A Acquisition 150,000 93,421 13,346 5,355 2,678 1,531 1,531 N/A
30 Loan Home 2 Suites Lake City 6/28/2018 N/A N/A N/A Refinance   99,804 9,980 27,642 3,071   11,788 N/A
31 Loan Trinity Park 7/19/2018 N/A N/A N/A Refinance   119,032 11,903 22,415 1,724   637 N/A
32 Loan Cabrillo Plaza 5/30/2018 N/A 5/30/2018 8.0% Refinance               N/A
33 Loan 1015 Locust 6/22/2018 N/A N/A N/A Refinance 62,500 157,361 14,845 49,137 3,900   4,506 N/A
34 Loan Country Inn & Suites Gainesville 6/29/2018 N/A N/A N/A Refinance   89,657 8,966 7,142 2,381   10,787 N/A
35 Loan Westgate Center 5/21/2018 N/A 5/21/2018 15.0% Refinance 45,094 32,645 5,133 18,111 1,257   963 34,682
36 Loan DoubleTree by Hilton Hotel Santa Fe 6/12/2018 N/A N/A N/A Refinance 191,563 19,290 6,124 18,538 4,414   14,377 N/A
37 Loan Kohl’s - Fort Smith 7/6/2018 N/A N/A N/A Acquisition       3,402     1,035 24,847
38 Loan Scottsdale Haciendas 6/27/2018 N/A N/A N/A Acquisition   8,074 5,046 3,660 2,287   1,646 N/A
39 Loan Country Square 6/25/2018 N/A 6/22/2018 Buildings:
A - 18%
B - 17%
C - 17%
D - 17%
E - 18%		 Acquisition   72,816 6,277 4,025 1,548   1,106 N/A
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce 8/6/2018 N/A N/A N/A Refinance   146,777 12,708 7,765 3,698   9,663 N/A
41 Loan Forest Oaks Plaza 6/19/2018 N/A N/A N/A Acquisition 58,226 58,117 5,283 52,947 5,295 295,000 1,422 N/A
42 Loan 1000 Buffalo Road 6/14/2018 N/A N/A N/A Acquisition 524,181     2,382 535     N/A
43 Loan Quality Inn & Suites Florence 7/10/2018 N/A N/A N/A Refinance 9,000 31,744 3,527 8,881 2,960   4.0% of actual rents for the prior month N/A
44 Loan Holiday Inn Express - Brooksville 5/25/2018 N/A N/A N/A Refinance   43,234 5,404 7,368 2,456   6,157 N/A
45 Loan 4 Lotus Boulevard 7/17/2018 N/A N/A N/A Refinance 9,375 11,454 5,727 2,054 1,027   615 22,136
46 Loan Eastern Courtyard 7/3/2018 N/A N/A N/A Refinance   12,958 2,817 3,340 1,285   865 N/A
47 Loan Best Western Travelers Rest 7/25/2018 N/A N/A N/A Refinance   42,348 4,235 4,763 1,588   5,262 N/A
48 Loan 8950 Old FM 1405 8/29/2018 N/A N/A N/A Refinance 15,563 75,279 8,121   5,891   3,000 N/A
49 Loan CVS Pompano Beach 5/4/2018 N/A N/A N/A Refinance       662   18,000   N/A
50 Loan Country Inn & Suites - Vero Beach I 95 8/6/2018 N/A N/A N/A Refinance   42,417 3,673 4,090 1,948   5,833 N/A
51 Loan Country Inn & Suites Norcross 7/23/2018 N/A N/A N/A Refinance   3,098 3,098 11,693 1,462   4,690 N/A
52 Loan Magnolia Village 8/1/2018 N/A N/A N/A Acquisition   59,842 6,332 1,292 246   478 17,208
53 Loan A Storage Place - Fortuna 8/1/2018 N/A 8/1/2018 4.0% Recapitalization   10,008 1,516         27,728

 

A-1-8

 

 

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

 

Mortgage Loan Number Property Flag Property Name Initial TI/LC Reserve(4) Monthly TI/LC Reserve(26)(27) TI/LC Reserve Cap Other Reserve Reserve Description(4)(11)(25) Initial Other Reserve(4)(11)(13) Monthly Other Reserve(13)
1 Loan 1670 Broadway 5,250,000   N/A Ground Rent Funds ($100,000); Tenant Allowance, Tenant Improvement and Leasing Commission Funds ($11,678,712) 11,778,712  
2 Loan The Buckingham     N/A N/A    
3 Loan Lower Makefield Corporate Center - South 1,500,000   1,000,000 Free Rent Reserve ($1,525,947); Landlord Obligations ($1,207,775) 2,733,722  
4 Loan Christiana Mall     1,449,387 Outstanding TI/LC Reserve 1,804,093  
5 Loan Wyvernwood Apartments     N/A N/A    
6 Loan Pier 1 Imports Headquarters 5,000,000   N/A N/A    
7 Loan Village at Beech Hill     N/A N/A    
8 Loan Silverado Ranch Place   15,683 N/A Unfunded Tenant Obligations Reserve Funds 38,267  
9 Loan Barrywoods Crossing 1,470,222   1,470,222 N/A    
10 Loan Shelbourne Global Portfolio I   31,752 N/A Free rent reserve 464,248  
10.01 Property 1515 Broad Street            
10.02 Property 140 Centennial Avenue            
10.03 Property 675 Central Avenue            
10.04 Property 275 Centennial Avenue            
10.05 Property 691 Central Avenue            
10.06 Property 80 Kingsbridge Road            
10.07 Property 20 Kingsbridge Road            
11 Loan Ellsworth Place 2,000,000   2,000,000 Five Below Rent Reserve ($382,927); Five Below TI Reserve ($313,155); Five Below LC Reserve ($104,737); Metro PCS TI Reserve ($152,100); Panadian TI Reserve ($32,164); Burlington TI Reserve ($22,519) 1,007,602  
12 Loan Wendland Plaza 300,000   300,000 Unfunded Tenant Obligations Reserve Funds 751,379  
13 Loan Medtronic Santa Rosa     N/A Unfunded TI/LC Reserve (Upfront: $1,266,370); HVAC Replacement Reserve (Upfront: $1,012,680); Payment Reserve ($107,758) 2,386,808  
14 Loan 121 East Maryland Street Parking Garage     N/A Percentage Rent Reserve 108,000  
15 Loan Fort Wayne Hotel Portfolio     N/A PIP Reserve 4,323,637  
15.01 Property Hilton Garden Inn            
15.02 Property Homewood Suites            
16 Loan Arizona Pavilions West 459,355 5,044 N/A N/A    
17 Loan Riverwalk 2,000,000   1,200,000 Free Rent Reserve 124,344  
18 Loan Valley View Shopping Center   5,000 240,000 DSW Free Rent and Construction Reserves ($117,246); Gabe’s Free Rent Reserve ($134,848) 252,094  
19 Loan Quala     103,170 N/A    
19.01 Property Quala - Pasadena            
19.02 Property Quala - Joliet            
19.03 Property Quala - Saint Gabriel            
19.04 Property Quala - Cedar Rapids            
19.05 Property Quala - Neenah            
19.06 Property Quala - Saraland            
20 Loan Linden Pointe   11,120 606,250 Unfunded Tenant Obligations 1,212,350  
21 Loan Manor Parking Garage     N/A N/A    
22 Loan County Line Plaza 1,150,000   500,000 Dumpster Repair Funds 70,000  
23 Loan Aspect RHG Hotel Portfolio     N/A PIP Reserve ($5,352,135); Liquor License Reserve ($24,000) 5,376,135 24,000
23.01 Property Hilton Garden Inn Nashville Smyrna            
23.02 Property Aloft Hotel Broomfield            
23.03 Property Hampton Inn Nashville Smyrna            
23.04 Property Hyatt Place Phoenix North            
24 Loan Ocean Point   6,684 N/A Outstanding TI/LC Reserve 389,054  
25 Loan Residence Inn Chicago Deerfield     N/A Seasonality Reserve (147,000); Initial PIP (140,000) 287,000  
26 Loan Belle Mill Landing 200,000   200,000 Unfunded Tenant Obligations 9,724  
27 Loan Westside Market Place Shopping Center     298,010 N/A    
28 Loan Residence Inn Boston Danvers     N/A Seasonality Reserve (109,000); Initial PIP (102,000) 211,000  
29 Loan Laguna Village 5,628 5,628 135,000 N/A    
30 Loan Home 2 Suites Lake City     N/A N/A    
31 Loan Trinity Park   4,167 250,000 N/A    
32 Loan Cabrillo Plaza     N/A N/A    
33 Loan 1015 Locust 100,000 11,265 N/A Unfunded Tenant Obligations Reserve Funds 89,906  
34 Loan Country Inn & Suites Gainesville     N/A N/A    
35 Loan Westgate Center   3,211 154,140 Cardenas Free Rent Reserve ($102,000); Landlord TI/LC Obligations Funds ($445,000) 547,000  
36 Loan DoubleTree by Hilton Hotel Santa Fe     N/A Seasonality Reserve 100,000 50,000
37 Loan Kohl’s - Fort Smith     N/A N/A    
38 Loan Scottsdale Haciendas     N/A Non-Owned Units CAM Funds ($212,100) 212,100 13,825
39 Loan Country Square 450,000 6,269 700,000 Environmental Policy Funds 38,954  
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce     N/A Seasonality Reserve 114,707  
41 Loan Forest Oaks Plaza   5,833 280,000 N/A    
42 Loan 1000 Buffalo Road   3,238 N/A N/A    
43 Loan Quality Inn & Suites Florence     N/A Renovation Reserve ($400,000); Seasonal Reserve ($114,100.16) 514,100  
44 Loan Holiday Inn Express - Brooksville     N/A PIP Reserve ($901,110); Seasonality Reserve ($35,000) 936,110  
45 Loan 4 Lotus Boulevard     N/A N/A    
46 Loan Eastern Courtyard 250,000 2,162 N/A Unfunded Tenant Obligations Reserve Funds 45,000  
47 Loan Best Western Travelers Rest     N/A N/A    
48 Loan 8950 Old FM 1405 84,437 7,000 N/A N/A    
49 Loan CVS Pompano Beach     N/A N/A    
50 Loan Country Inn & Suites - Vero Beach I 95     N/A Seasonality Reserve 60,115  
51 Loan Country Inn & Suites Norcross     N/A PIP Reserve 250,000  
52 Loan Magnolia Village   904 12,000 N/A    
53 Loan A Storage Place - Fortuna     N/A N/A    

 

A-1-9

 

 

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

 

Mortgage Loan Number Property Flag Property Name Other Reserve Cap(13) Ownership Interest(7) Ground Lease Initial Expiration Date(7) Ground Lease Extension Options Lockbox Cash Management 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(17)
1 Loan 1670 Broadway N/A Fee Simple / Leasehold 11/1/2125 Two, 49 year terms Hard In Place 30,000,000 N/A N/A N/A N/A 64,800,000
2 Loan The Buckingham N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
3 Loan Lower Makefield Corporate Center - South N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
4 Loan Christiana Mall N/A Fee Simple / Leasehold 12/31/2036 No Hard Springing 308,000,000 212,000,000 52.9% 1.93 8.5% N/A
5 Loan Wyvernwood Apartments N/A Fee Simple N/A N/A Soft Springing 50,000,000 N/A N/A N/A N/A 77,000,000
6 Loan Pier 1 Imports Headquarters N/A Fee Simple N/A N/A Hard In Place 27,000,000 N/A N/A N/A N/A N/A
7 Loan Village at Beech Hill N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
8 Loan Silverado Ranch Place N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
9 Loan Barrywoods Crossing N/A Fee Simple N/A N/A Springing Springing 10,000,000 N/A N/A N/A N/A N/A
10 Loan Shelbourne Global Portfolio I N/A Fee Simple N/A N/A Soft Springing 73,000,000 N/A N/A N/A N/A N/A
10.01 Property 1515 Broad Street   Fee Simple N/A N/A                
10.02 Property 140 Centennial Avenue   Fee Simple N/A N/A                
10.03 Property 675 Central Avenue   Fee Simple N/A N/A                
10.04 Property 275 Centennial Avenue   Fee Simple N/A N/A                
10.05 Property 691 Central Avenue   Fee Simple N/A N/A                
10.06 Property 80 Kingsbridge Road   Fee Simple N/A N/A                
10.07 Property 20 Kingsbridge Road   Fee Simple N/A N/A                
11 Loan Ellsworth Place N/A Fee Simple N/A N/A Hard Springing 49,000,000 N/A N/A N/A N/A N/A
12 Loan Wendland Plaza N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
13 Loan Medtronic Santa Rosa N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
14 Loan 121 East Maryland Street Parking Garage N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
15 Loan Fort Wayne Hotel Portfolio N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
15.01 Property Hilton Garden Inn   Fee Simple N/A N/A                
15.02 Property Homewood Suites   Fee Simple N/A N/A                
16 Loan Arizona Pavilions West N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
17 Loan Riverwalk N/A Fee Simple N/A N/A Springing Springing 65,000,000 N/A N/A N/A N/A N/A
18 Loan Valley View Shopping Center N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
19 Loan Quala N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
19.01 Property Quala - Pasadena   Fee Simple N/A N/A                
19.02 Property Quala - Joliet   Fee Simple N/A N/A                
19.03 Property Quala - Saint Gabriel   Fee Simple N/A N/A                
19.04 Property Quala - Cedar Rapids   Fee Simple N/A N/A                
19.05 Property Quala - Neenah   Fee Simple N/A N/A                
19.06 Property Quala - Saraland   Fee Simple N/A N/A                
20 Loan Linden Pointe N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
21 Loan Manor Parking Garage N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
22 Loan County Line Plaza N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
23 Loan Aspect RHG Hotel Portfolio N/A Fee Simple N/A N/A Hard Springing 33,500,000 N/A N/A N/A N/A N/A
23.01 Property Hilton Garden Inn Nashville Smyrna   Fee Simple N/A N/A                
23.02 Property Aloft Hotel Broomfield   Fee Simple N/A N/A                
23.03 Property Hampton Inn Nashville Smyrna   Fee Simple N/A N/A                
23.04 Property Hyatt Place Phoenix North   Fee Simple N/A N/A                
24 Loan Ocean Point N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
25 Loan Residence Inn Chicago Deerfield N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
26 Loan Belle Mill Landing N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
27 Loan Westside Market Place Shopping Center N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
28 Loan Residence Inn Boston Danvers N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
29 Loan Laguna Village N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
30 Loan Home 2 Suites Lake City N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
31 Loan Trinity Park N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
32 Loan Cabrillo Plaza N/A Fee Simple N/A N/A Soft, Springing Hard Springing N/A N/A N/A N/A N/A N/A
33 Loan 1015 Locust N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
34 Loan Country Inn & Suites Gainesville N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
35 Loan Westgate Center N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
36 Loan DoubleTree by Hilton Hotel Santa Fe 200,000 Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
37 Loan Kohl’s - Fort Smith N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
38 Loan Scottsdale Haciendas N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
39 Loan Country Square N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
41 Loan Forest Oaks Plaza N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
42 Loan 1000 Buffalo Road N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
43 Loan Quality Inn & Suites Florence N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
44 Loan Holiday Inn Express - Brooksville Seasonality Reserve ($100,000) Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
45 Loan 4 Lotus Boulevard N/A Fee Simple N/A N/A Soft, Springing Hard Springing N/A N/A N/A N/A N/A N/A
46 Loan Eastern Courtyard N/A Fee Simple N/A N/A Hard Springing N/A N/A N/A N/A N/A N/A
47 Loan Best Western Travelers Rest N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
48 Loan 8950 Old FM 1405 N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
49 Loan CVS Pompano Beach N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
50 Loan Country Inn & Suites - Vero Beach I 95 N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
51 Loan Country Inn & Suites Norcross N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
52 Loan Magnolia Village N/A Fee Simple N/A N/A Springing Springing N/A N/A N/A N/A N/A N/A
53 Loan A Storage Place - Fortuna N/A Fee Simple N/A N/A None None N/A N/A N/A N/A N/A N/A

 

A-1-10

 

 

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

 

Mortgage Loan Number Property Flag Property Name Total Debt Cut-off Date LTV Ratio Total Debt UW NCF DSCR Total Debt UW NOI Debt Yield Future Secured Subordinate Debt (Y/N) Conditions for Future Secured Subordinate Debt Lender Consent Required for Future Secured Subordinate Debt (Y/N) Future Mezzanine Debt Permitted (Y/N)(17)
1 Loan 1670 Broadway 59.6% 2.16 9.1% No N/A N/A Yes
2 Loan The Buckingham N/A N/A N/A No N/A N/A No
3 Loan Lower Makefield Corporate Center - South N/A N/A N/A No N/A N/A Yes
4 Loan Christiana Mall N/A N/A N/A No N/A N/A Yes
5 Loan Wyvernwood Apartments 75.6% 1.27 6.9% No N/A N/A No
6 Loan Pier 1 Imports Headquarters N/A N/A N/A No N/A N/A No
7 Loan Village at Beech Hill N/A N/A N/A No N/A N/A No
8 Loan Silverado Ranch Place N/A N/A N/A No N/A N/A No
9 Loan Barrywoods Crossing N/A N/A N/A No N/A N/A Yes
10 Loan Shelbourne Global Portfolio I N/A N/A N/A No N/A N/A No
10.01 Property 1515 Broad Street              
10.02 Property 140 Centennial Avenue              
10.03 Property 675 Central Avenue              
10.04 Property 275 Centennial Avenue              
10.05 Property 691 Central Avenue              
10.06 Property 80 Kingsbridge Road              
10.07 Property 20 Kingsbridge Road              
11 Loan Ellsworth Place N/A N/A N/A No N/A N/A No
12 Loan Wendland Plaza N/A N/A N/A No N/A N/A No
13 Loan Medtronic Santa Rosa N/A N/A N/A No N/A N/A No
14 Loan 121 East Maryland Street Parking Garage N/A N/A N/A No N/A N/A No
15 Loan Fort Wayne Hotel Portfolio N/A N/A N/A No N/A N/A No
15.01 Property Hilton Garden Inn              
15.02 Property Homewood Suites              
16 Loan Arizona Pavilions West N/A N/A N/A No N/A N/A No
17 Loan Riverwalk N/A N/A N/A No N/A N/A No
18 Loan Valley View Shopping Center N/A N/A N/A No N/A N/A No
19 Loan Quala N/A N/A N/A No N/A N/A No
19.01 Property Quala - Pasadena              
19.02 Property Quala - Joliet              
19.03 Property Quala - Saint Gabriel              
19.04 Property Quala - Cedar Rapids              
19.05 Property Quala - Neenah              
19.06 Property Quala - Saraland              
20 Loan Linden Pointe N/A N/A N/A No N/A N/A No
21 Loan Manor Parking Garage N/A N/A N/A No N/A N/A No
22 Loan County Line Plaza N/A N/A N/A No N/A N/A No
23 Loan Aspect RHG Hotel Portfolio N/A N/A N/A No N/A N/A No
23.01 Property Hilton Garden Inn Nashville Smyrna              
23.02 Property Aloft Hotel Broomfield              
23.03 Property Hampton Inn Nashville Smyrna              
23.04 Property Hyatt Place Phoenix North              
24 Loan Ocean Point N/A N/A N/A No N/A N/A No
25 Loan Residence Inn Chicago Deerfield N/A N/A N/A No N/A N/A No
26 Loan Belle Mill Landing N/A N/A N/A No N/A N/A No
27 Loan Westside Market Place Shopping Center N/A N/A N/A No N/A N/A No
28 Loan Residence Inn Boston Danvers N/A N/A N/A No N/A N/A No
29 Loan Laguna Village N/A N/A N/A No N/A N/A No
30 Loan Home 2 Suites Lake City N/A N/A N/A No N/A N/A No
31 Loan Trinity Park N/A N/A N/A No N/A N/A No
32 Loan Cabrillo Plaza N/A N/A N/A No N/A N/A No
33 Loan 1015 Locust N/A N/A N/A No N/A N/A No
34 Loan Country Inn & Suites Gainesville N/A N/A N/A No N/A N/A No
35 Loan Westgate Center N/A N/A N/A No N/A N/A Yes
36 Loan DoubleTree by Hilton Hotel Santa Fe N/A N/A N/A No N/A N/A No
37 Loan Kohl’s - Fort Smith N/A N/A N/A No N/A N/A No
38 Loan Scottsdale Haciendas N/A N/A N/A No N/A N/A No
39 Loan Country Square N/A N/A N/A No N/A N/A No
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce N/A N/A N/A No N/A N/A No
41 Loan Forest Oaks Plaza N/A N/A N/A No N/A N/A No
42 Loan 1000 Buffalo Road N/A N/A N/A No N/A N/A No
43 Loan Quality Inn & Suites Florence N/A N/A N/A No N/A N/A No
44 Loan Holiday Inn Express - Brooksville N/A N/A N/A No N/A N/A No
45 Loan 4 Lotus Boulevard N/A N/A N/A No N/A N/A No
46 Loan Eastern Courtyard N/A N/A N/A No N/A N/A No
47 Loan Best Western Travelers Rest N/A N/A N/A No N/A N/A No
48 Loan 8950 Old FM 1405 N/A N/A N/A No N/A N/A No
49 Loan CVS Pompano Beach N/A N/A N/A No N/A N/A No
50 Loan Country Inn & Suites - Vero Beach I 95 N/A N/A N/A No N/A N/A No
51 Loan Country Inn & Suites Norcross N/A N/A N/A No N/A N/A No
52 Loan Magnolia Village N/A N/A N/A No N/A N/A No
53 Loan A Storage Place - Fortuna N/A N/A N/A No N/A N/A No

 

A-1-11

 

 

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

 

Mortgage Loan Number Property Flag Property Name Conditions for Future Mezzanine Debt(17) Lender Consent Required for Future Mezzanine Debt (Y/N)(17)
1 Loan 1670 Broadway Maximum future mezzanine loan of $9,000,000 with the following conditions: (i) The Debt Service Coverage Ratio after taking into account the future funding and the Loan shall be equal to or greater than 2.17 to 1.00 based on a 30 year amortization schedule with respect to the Loan;
(ii) The combined Debt Yield, based on the original principal balance of the Loan and the future funding, shall not be less than 9.0%; and (iii) Borrower shall have paid a fee with such Future Advance up to $350.00.		 Yes
2 Loan The Buckingham N/A N/A
3 Loan Lower Makefield Corporate Center - South (i) no Event of Default; (ii) DSCR greater or equal to 1.50x; (iii) LTV equal to or less than 70.0% (iv) the lender receives a rating agency comfirmation letter Yes
4 Loan Christiana Mall From and after the securitization of the final note, the Borrower has the one-time right to obtain a mezzanine loan subject to terms and conditions set forth in the loan documents including that (i) no Event of Default is then continuing, (ii) the principal amount of such permitted
mezzanine debt cannot be greater than an amount equal to the amount which will yield (x) an aggregate LTV ratio (after giving effect to such permitted mezzanine debt) that does not exceed 95.0% of the closing date LTV ratio and (y) an aggregate forward looking DSCR ratio
(after giving effect to such permitted mezzanine debt) that is not less than 105.0% of the closing date DSCR as determined by lender, (iii) lender has received a rating agency confirmation, (iv) the execution of a market intercreditor agreement acceptable to the lender and
(v) the mezzanine loan will be interest-only and coterminous with the mortgage loan maturity date.		 Yes
5 Loan Wyvernwood Apartments N/A N/A
6 Loan Pier 1 Imports Headquarters N/A N/A
7 Loan Village at Beech Hill N/A N/A
8 Loan Silverado Ranch Place N/A N/A
9 Loan Barrywoods Crossing (i) The Combined Loan-to-Value Ratio shall be no greater than 68.4%; (ii) The Debt Service Coverage Ratio after taking into account the Permitted Mezzanine Loan and the Loan shall be equal to or greater than 1.40 to 1.00 based on a 30 year amortization
schedule with respect to the Loan; (iii) The combined Debt Yield, based on the original principal balance of the Loan and the Permitted Mezzanine Loan, shall not be less than 9.1%.		 Yes
10 Loan Shelbourne Global Portfolio I N/A N/A
10.01 Property 1515 Broad Street    
10.02 Property 140 Centennial Avenue    
10.03 Property 675 Central Avenue    
10.04 Property 275 Centennial Avenue    
10.05 Property 691 Central Avenue    
10.06 Property 80 Kingsbridge Road    
10.07 Property 20 Kingsbridge Road    
11 Loan Ellsworth Place N/A N/A
12 Loan Wendland Plaza N/A N/A
13 Loan Medtronic Santa Rosa N/A N/A
14 Loan 121 East Maryland Street Parking Garage N/A N/A
15 Loan Fort Wayne Hotel Portfolio N/A N/A
15.01 Property Hilton Garden Inn    
15.02 Property Homewood Suites    
16 Loan Arizona Pavilions West N/A N/A
17 Loan Riverwalk N/A N/A
18 Loan Valley View Shopping Center N/A N/A
19 Loan Quala N/A N/A
19.01 Property Quala - Pasadena    
19.02 Property Quala - Joliet    
19.03 Property Quala - Saint Gabriel    
19.04 Property Quala - Cedar Rapids    
19.05 Property Quala - Neenah    
19.06 Property Quala - Saraland    
20 Loan Linden Pointe N/A N/A
21 Loan Manor Parking Garage N/A N/A
22 Loan County Line Plaza N/A N/A
23 Loan Aspect RHG Hotel Portfolio N/A N/A
23.01 Property Hilton Garden Inn Nashville Smyrna    
23.02 Property Aloft Hotel Broomfield    
23.03 Property Hampton Inn Nashville Smyrna    
23.04 Property Hyatt Place Phoenix North    
24 Loan Ocean Point N/A N/A
25 Loan Residence Inn Chicago Deerfield N/A N/A
26 Loan Belle Mill Landing N/A N/A
27 Loan Westside Market Place Shopping Center N/A N/A
28 Loan Residence Inn Boston Danvers N/A N/A
29 Loan Laguna Village N/A N/A
30 Loan Home 2 Suites Lake City N/A N/A
31 Loan Trinity Park N/A N/A
32 Loan Cabrillo Plaza N/A N/A
33 Loan 1015 Locust N/A N/A
34 Loan Country Inn & Suites Gainesville N/A N/A
35 Loan Westgate Center (i) Combined LTV shall not exceed 68.6%; (ii) Combined DY shall not be less than 9.4%; (iii) Combined DSCR shall not be less than 1.38x Yes
36 Loan DoubleTree by Hilton Hotel Santa Fe N/A N/A
37 Loan Kohl’s - Fort Smith N/A N/A
38 Loan Scottsdale Haciendas N/A N/A
39 Loan Country Square N/A N/A
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce N/A N/A
41 Loan Forest Oaks Plaza N/A N/A
42 Loan 1000 Buffalo Road N/A N/A
43 Loan Quality Inn & Suites Florence N/A N/A
44 Loan Holiday Inn Express - Brooksville N/A N/A
45 Loan 4 Lotus Boulevard N/A N/A
46 Loan Eastern Courtyard N/A N/A
47 Loan Best Western Travelers Rest N/A N/A
48 Loan 8950 Old FM 1405 N/A N/A
49 Loan CVS Pompano Beach N/A N/A
50 Loan Country Inn & Suites - Vero Beach I 95 N/A N/A
51 Loan Country Inn & Suites Norcross N/A N/A
52 Loan Magnolia Village N/A N/A
53 Loan A Storage Place - Fortuna N/A N/A

 

A-1-12

 

 

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

 

Mortgage Loan Number Property Flag Property Name Future Unsecured Debt Permitted (Y/N) Conditions for Future Unsecured Debt Lender Consent Required for Future Unsecured Debt (Y/N)
1 Loan 1670 Broadway No N/A N/A
2 Loan The Buckingham No N/A N/A
3 Loan Lower Makefield Corporate Center - South No N/A N/A
4 Loan Christiana Mall No N/A N/A
5 Loan Wyvernwood Apartments No N/A N/A
6 Loan Pier 1 Imports Headquarters No N/A N/A
7 Loan Village at Beech Hill No N/A N/A
8 Loan Silverado Ranch Place No N/A N/A
9 Loan Barrywoods Crossing No N/A N/A
10 Loan Shelbourne Global Portfolio I Yes (i) no event of default has occurred or is continuing, (ii) the combined loan-to-value ratio including the preferred equity does not exceed 70.0% and (iii) the combined debt service coverage ratio
(calculated as described in the Shelbourne Global Portfolio I Whole Loan documents) included the preferred equity is not less than 1.25x.		 No
10.01 Property 1515 Broad Street      
10.02 Property 140 Centennial Avenue      
10.03 Property 675 Central Avenue      
10.04 Property 275 Centennial Avenue      
10.05 Property 691 Central Avenue      
10.06 Property 80 Kingsbridge Road      
10.07 Property 20 Kingsbridge Road      
11 Loan Ellsworth Place No N/A N/A
12 Loan Wendland Plaza No N/A N/A
13 Loan Medtronic Santa Rosa No N/A N/A
14 Loan 121 East Maryland Street Parking Garage No N/A N/A
15 Loan Fort Wayne Hotel Portfolio No N/A N/A
15.01 Property Hilton Garden Inn      
15.02 Property Homewood Suites      
16 Loan Arizona Pavilions West No N/A N/A
17 Loan Riverwalk No N/A N/A
18 Loan Valley View Shopping Center No N/A N/A
19 Loan Quala No N/A N/A
19.01 Property Quala - Pasadena      
19.02 Property Quala - Joliet      
19.03 Property Quala - Saint Gabriel      
19.04 Property Quala - Cedar Rapids      
19.05 Property Quala - Neenah      
19.06 Property Quala - Saraland      
20 Loan Linden Pointe No N/A N/A
21 Loan Manor Parking Garage No N/A N/A
22 Loan County Line Plaza No N/A N/A
23 Loan Aspect RHG Hotel Portfolio No N/A N/A
23.01 Property Hilton Garden Inn Nashville Smyrna      
23.02 Property Aloft Hotel Broomfield      
23.03 Property Hampton Inn Nashville Smyrna      
23.04 Property Hyatt Place Phoenix North      
24 Loan Ocean Point No N/A N/A
25 Loan Residence Inn Chicago Deerfield No N/A N/A
26 Loan Belle Mill Landing No N/A N/A
27 Loan Westside Market Place Shopping Center No N/A N/A
28 Loan Residence Inn Boston Danvers No N/A N/A
29 Loan Laguna Village No N/A N/A
30 Loan Home 2 Suites Lake City No N/A N/A
31 Loan Trinity Park No N/A N/A
32 Loan Cabrillo Plaza No N/A N/A
33 Loan 1015 Locust No N/A N/A
34 Loan Country Inn & Suites Gainesville No N/A N/A
35 Loan Westgate Center No N/A N/A
36 Loan DoubleTree by Hilton Hotel Santa Fe No N/A N/A
37 Loan Kohl’s - Fort Smith No N/A N/A
38 Loan Scottsdale Haciendas No N/A N/A
39 Loan Country Square No N/A N/A
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce No N/A N/A
41 Loan Forest Oaks Plaza No N/A N/A
42 Loan 1000 Buffalo Road No N/A N/A
43 Loan Quality Inn & Suites Florence No N/A N/A
44 Loan Holiday Inn Express - Brooksville No N/A N/A
45 Loan 4 Lotus Boulevard No N/A N/A
46 Loan Eastern Courtyard No N/A N/A
47 Loan Best Western Travelers Rest No N/A N/A
48 Loan 8950 Old FM 1405 No N/A N/A
49 Loan CVS Pompano Beach No N/A N/A
50 Loan Country Inn & Suites - Vero Beach I 95 No N/A N/A
51 Loan Country Inn & Suites Norcross No N/A N/A
52 Loan Magnolia Village No N/A N/A
53 Loan A Storage Place - Fortuna No N/A N/A

 

A-1-13

 

 

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

 

Mortgage Loan Number Property Flag Property Name Sponsor(24) Guarantor Affiliated Sponsors
1 Loan 1670 Broadway N/A N/A No
2 Loan The Buckingham Brian Nelson Brian Nelson No
3 Loan Lower Makefield Corporate Center - South Rubenstein Properties Fund III, L.P. Rubenstein Properties Fund III, L.P. No
4 Loan Christiana Mall GGP Inc.; PPF Retail, LLC GGP Nimbus, LP; PPF Retail, LLC No
5 Loan Wyvernwood Apartments Mark Sanders Mark Sanders No
6 Loan Pier 1 Imports Headquarters Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz No
7 Loan Village at Beech Hill JPC Charities JPC Charities No
8 Loan Silverado Ranch Place Gilbert C. Barbieri Gilbert C. Barbieri Group 2
9 Loan Barrywoods Crossing Timothy Rhys Duggan; Christopher Wood; Scott Lee Timothy Rhys Duggan; Christopher Wood; Scott Lee No
10 Loan Shelbourne Global Portfolio I Barry Friedman; Benjamin Schlossberg Barry Friedman; Benjamin Schlossberg No
10.01 Property 1515 Broad Street      
10.02 Property 140 Centennial Avenue      
10.03 Property 675 Central Avenue      
10.04 Property 275 Centennial Avenue      
10.05 Property 691 Central Avenue      
10.06 Property 80 Kingsbridge Road      
10.07 Property 20 Kingsbridge Road      
11 Loan Ellsworth Place George B. Tomlin, Jr. George B. Tomlin, Jr. No
12 Loan Wendland Plaza Bob Safai Bob Safai No
13 Loan Medtronic Santa Rosa Qingguo Liu; Xiaobing Chen Qingguo Liu; Xiaobing Chen No
14 Loan 121 East Maryland Street Parking Garage Armand Lasky Armand Lasky Group 1
15 Loan Fort Wayne Hotel Portfolio American Hospitality Properties Fund III LLC; William L. Nelson American Hospitality Properties Fund III LLC; William L. Nelson No
15.01 Property Hilton Garden Inn      
15.02 Property Homewood Suites      
16 Loan Arizona Pavilions West Eric Rosenberg Eric Rosenberg No
17 Loan Riverwalk Salvatore N. Lupoli Salvatore N. Lupoli No
18 Loan Valley View Shopping Center Robert P. Chesson Robert P. Chesson No
19 Loan Quala New Mountain Net Lease Partners Corporation New Mountain Net Lease Partners Corporation No
19.01 Property Quala - Pasadena      
19.02 Property Quala - Joliet      
19.03 Property Quala - Saint Gabriel      
19.04 Property Quala - Cedar Rapids      
19.05 Property Quala - Neenah      
19.06 Property Quala - Saraland      
20 Loan Linden Pointe David F. Neyer David F. Neyer No
21 Loan Manor Parking Garage Armand Lasky Armand Lasky Group 1
22 Loan County Line Plaza Hardam Singh Azad Hardam Singh Azad No
23 Loan Aspect RHG Hotel Portfolio RHG Invest Co. LLC; Benjamin N. Seidel RHG Invest Co. LLC; Benjamin N. Seidel No
23.01 Property Hilton Garden Inn Nashville Smyrna      
23.02 Property Aloft Hotel Broomfield      
23.03 Property Hampton Inn Nashville Smyrna      
23.04 Property Hyatt Place Phoenix North      
24 Loan Ocean Point Gildred Development Company Gildred Development Company No
25 Loan Residence Inn Chicago Deerfield PEG Development, LLC PEG Development, LLC Group 3
26 Loan Belle Mill Landing John P. Walsh; Jay Kerner; John P. Walsh and Chanida Walsh as Trustees of the Walsh Trust Dated August 6, 1998 John P. Walsh; Jay Kerner; John P. Walsh and Chanida Walsh as Trustees of the Walsh Trust Dated August 6, 1998 No
27 Loan Westside Market Place Shopping Center E. Stanley Kroenke E. Stanley Kroenke No
28 Loan Residence Inn Boston Danvers PEG Development, LLC PEG Development, LLC Group 3
29 Loan Laguna Village Tayseer Odeh Tayseer Odeh No
30 Loan Home 2 Suites Lake City Nilesh R. Patel; Pravin J. Patel Nilesh R. Patel; Pravin J. Patel Group 4
31 Loan Trinity Park Sanjay Chandra Sanjay Chandra No
32 Loan Cabrillo Plaza Kevin S. Pitts; Peter Snowden Kevin S. Pitts; Peter Snowden No
33 Loan 1015 Locust Matthew G. Lefkowitz; Alexandra R. Lefkowitz Matthew G. Lefkowitz; Alexandra R. Lefkowitz No
34 Loan Country Inn & Suites Gainesville Nilesh R. Patel; Pravin J. Patel Nilesh R. Patel; Pravin J. Patel Group 4
35 Loan Westgate Center Sanjiv Chopra Sanjiv Chopra No
36 Loan DoubleTree by Hilton Hotel Santa Fe Satish J. Patel; Dharmesh Patel Satish J. Patel; Dharmesh Patel No
37 Loan Kohl’s - Fort Smith Rivie Schwebel Rivie Schwebel No
38 Loan Scottsdale Haciendas Mauro Saladini; Antonella Saladini Mauro Saladini; Antonella Saladini No
39 Loan Country Square Steven D. Levy Steven D. Levy No
40 Loan Fairfield Inn & Suites by Marriott - Fort Pierce Punit R. Shah Punit R. Shah Group 5
41 Loan Forest Oaks Plaza Donald M. Jarreau, Jr.; Donnie Jarreau Developments, L.L.C; Donnie Jarreau Properties, L.L.C. Donald M. Jarreau, Jr.; Donnie Jarreau Developments, L.L.C; Donnie Jarreau Properties, L.L.C. No
42 Loan 1000 Buffalo Road Samuel I. Kirschenbaum; Benjamin B. Rubin Samuel I. Kirschenbaum; Benjamin B. Rubin No
43 Loan Quality Inn & Suites Florence Kunal Dave; Vimal Patel Kunal Dave; Vimal Patel No
44 Loan Holiday Inn Express - Brooksville Nagender Reddy; Geetha R. Kuchakulla Nagender Reddy; Geetha R. Kuchakulla No
45 Loan 4 Lotus Boulevard Israel Perlow Israel Perlow No
46 Loan Eastern Courtyard Gilbert C. Barbieri Gilbert C. Barbieri Group 2
47 Loan Best Western Travelers Rest Minesh Patel Minesh Patel No
48 Loan 8950 Old FM 1405 Charles R. Ridge Charles R. Ridge No
49 Loan CVS Pompano Beach Layne Dalfen Layne Dalfen No
50 Loan Country Inn & Suites - Vero Beach I 95 Punit R. Shah Punit R. Shah Group 5
51 Loan Country Inn & Suites Norcross Manish Jariwala; Paresh Parikh Manish Jariwala; Paresh Parikh No
52 Loan Magnolia Village Lakeview Crossing Shopping Center Dallas, TX. Limited Partnership Lakeview Crossing Shopping Center Dallas, TX. Limited Partnership No
53 Loan A Storage Place - Fortuna Arthur L. Flaming; Arthur L. Flaming and Gwendolyn R. Flaming Trustees of the Flaming Family Trust Dated October 8, 1997 Arthur L. Flaming; Arthur L. Flaming and Gwendolyn R. Flaming Trustees of the Flaming Family Trust Dated October 8, 1997 No

 

A-1-14

 

 

  UBS 2018-C13
   
  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”), Rialto Mortgage Finance, LLC (“RMF”), Cantor Commercial Real Estate Lending, L.P. (“CCRE”), Natixis Real Estate Capital LLC (“Natixis”) and CIBC Inc. (“CIBC”).
   
(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” in the preliminary prospectus for information regarding certain lease termination options affecting the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans.
   
(3) 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 1670 Broadway, Christiana Mall, Wyvernwood Apartments, Pier 1 Imports Headquarters, Barrywoods Crossing, Shelbourne Global Portfolio I, Ellsworth Place, Riverwalk and Aspect RHG Hotel Portfolio 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.
   
(4) Loan No. 3 – Lower Makefield Corporate Center - South – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the “As Is Alternate Scenario” Appraised Value of $51,000,000 as of July 20, 2018, which assumes that Crown Cork & Seal USA Inc’s lease has commenced and such tenant’s free rent period has expired. The Appraised Value for the Mortgaged Property assuming the “As-Is” Appraised Value is $50,200,000 as of July 20, 2018. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-Is” Appraised Value for the Mortgaged Property are 67.2% and 61.8%, respectively. At origination, the borrower deposited $1,525,947 into a free rent reserve for such tenant.
   
  Loan No. 15 – Fort Wayne Hotel Portfolio – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Mortgaged Properties are based on the “As-Complete” Appraised Value of $28,100,000 for the Mortgaged Properties, which assumes the completion of approximately $4,323,637 in renovations, the cost of which the lender reserved at origination. The Appraised Value for the Mortgaged Properties assuming the “As-Is” Appraised Value is $25,100,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Properties are 62.9% and 55.4%, respectively.
   
  Loan No. 16 – Arizona Pavilions West – The appraiser concluded a value of $21,610,000 as of October 1st, 2018 based upon the assumption that Banner Healthcare executed a lease agreement with rent commencing October 1st, 2018 and the borrower provided the tenant with a tenant improvement allowance of $349,200 ($60 PSF). Banner Healthcare executed the lease agreement in June 2018 and, at origination, the borrower reserved $349,200 to cover the required tenant improvement allowance. As such, the assumptions used to reach the Appraised Value of $21,610,000 have been satisfied.
   
  Loan No. 23 – Aspect RHG Hotel Portfolio – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Mortgaged Properties are based on the “As-Complete” Appraised Value of $75,500,000 for the Mortgaged Properties, which assumes the completion of $5,352,135 in renovations, the cost of which the lender reserved at origination. The Appraised Value for the Mortgaged Properties assuming the “As-Is” Appraised Value is $70,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Properties are 66.0% and 58.4%, respectively.
   
  Loan No. 43 – Quality Inn & Suites Florence – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Mortgage Loan are based on the “Prospective Market Value Upon Completion of the Renovation” of $9,300,000 as of July 1, 2019, which assumes the completion of $400,000 in capital expenditures for which the lender reserved at origination. The Appraised Value for the Mortgaged Property assuming the “As-Is” Appraised Value is $8,500,000 as of July 1, 2018. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 70.6% and 53.9%, respectively.

A-1-15

 

   
  Loan No. 44 – Holiday Inn Express - Brooksville – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the “As-Complete” Appraised Value of $10,200,000, which assumes the completion of $901,110 in renovations for the cost of which the lender reserved at origination. The Appraised Value for the Mortgaged Property assuming the “As-Is” Appraised Value is $9,300,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 57.5% and 45.3%, respectively.
   
(5) Loan No. 1 – 1670 Broadway – The Whole Loan can be defeased at any time after two years after the closing date of the securitization that includes the last note to be securitized (the “Defeasance Lockout Expiration Date”). The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 6, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2018-C13 securitization closing date in October 2018. The actual lockout period may be longer. If the Defeasance Lockout Expiration Date has not occurred on or before October 6, 2021, prepayment is permitted thereafter subject to payment of a yield maintenance premium.
   
  Loan No. 4 – Christiana Mall – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) July 12, 2021. The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of September 1, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 26 months is based on the expected UBS 2018-C13 securitization closing date in October 2018. The actual lockout period may be longer.
   
  Loan No. 6 – Pier 1 Imports Headquarters – The Whole Loan can be defeased or prepaid with yield maintenance premium in whole or in part at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) August 15, 2022. The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 5, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2018-C13 securitization closing date in October 2018. The actual lockout period may be longer.
   
  Loan No. 10 – Shelbourne Global Portfolio I – The Whole Loan can be defeased in whole or in part at any time on or after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 6, 2022. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2018-C13 securitization closing date in October 2018. The actual lockout period may be longer.
   
(6) Loan Nos. 4, 9, 10, 15, 17, 19 and 23 – Christiana Mall, Barrywoods Crossing, Shelbourne Global Portfolio I, Fort Wayne Hotel Portfolio, Riverwalk, Quala and Aspect RHG Hotel Portfolio – The borrower(s) may obtain the release of a portion of the related Mortgaged Property, subject to the satisfaction of conditions set forth in the related Mortgage Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus.
   
(7) Loan No. 1 – 1670 Broadway – The Whole Loan is secured by both fee and leasehold interests in the Mortgaged Property. A portion of the Mortgaged Property is subject to a ground lease with 1680 Broadway LLC, with a remaining 107-year lease term, expiring on November 1, 2125. The current annual ground rent is $400,000. Beginning May 1, 2021 (the “Initial Rent Adjustment Date”), and on May 1 of each successive 10-year anniversary of the Initial Rent Adjustment Date, the net annual ground rent will increase to the greater of seven percent (7.0%) of the market value of the land or thirty percent (30.0%) over and above the previous year’s annual ground rent.
   
  Loan No. 4 – Christiana Mall – The Mortgage Loan is secured by the borrower’s leasehold interest in a portion of the Mortgaged Property improved by a surface parking lot and by its fee simple interest in the remaining Mortgaged Property. See “Description of the Mortgage Pool—Fee & Leasehold Estates; Ground Leases” in the preliminary prospectus.
   
(8) Loan No. 17 – Riverwalk – The fifth largest tenant at the Mortgaged Property is an affiliate of the borrower. Overall, approximately 6.3% of the NRA, representing 7.1% of the annual GPR, is leased to affiliates of the borrower.

A-1-16

 

   
  Loan No. 31 – Trinity Park – The largest tenant at the Mortgaged Property, Trinity Private Equity Group (“TPEG”), representing approximately 17.9% of the NRA, is an affiliate of the borrower sponsor. TPEG utilizes its space as its headquarters and the related lease is guaranteed by the borrower sponsor.
   
(9) Loan No. 1 – 1670 Broadway – The largest tenant at the Mortgaged Property, TIAA, has a contraction option in its lease which allows TIAA, prior to December 31, 2022, to give back a full floor of space every 18 months. TIAA has exercised its option to contract its space on the 27th floor (21,442 SF) of the 1670 Broadway Property effective May 31, 2019. The second largest tenant at the Mortgaged Property, HUD, has the right to terminate its lease any time after December 31, 2023 with 120 days’ notice and no termination fee.
   
  Loan No. 3 – Lower Makefield Corporate Center - South – The third largest tenant at the Mortgaged Property, ApotheCom Associates LLC, has a one-time option to terminate the lease, effective as of November 30, 2020, by providing 12-months’ notice (December 2019) and paying a termination fee equal to the sum of (i) portion of the transaction costs that remains unamortized on a straight line basis as of the termination date, using an interest factor of 8.0% per annum and (ii) $141,932.
   
  Loan No. 4 – Christiana Mall – The second largest tenant at the Mortgaged Property, Cabela’s, has the right to raze its leased premises, so long as Cabela’s restores the building pad to its condition at the time the leased premises were delivered to Cabela’s, caps utilities at their in-place levels and otherwise leaves its leased premises in a good, clean and attractive condition. Upon substantial completion of such razing, Cabela’s lease will terminate (however, this provision does not apply in connection with any remodeling or rebuilding by Cabela’s).
   
  Loan No. 8 – Silverado Ranch Place – The second largest tenant at the Mortgaged Property, State of Nevada, has an appropriations clause that would allow it to terminate the lease immediately in the event that the government fails to appropriate funds to the tenant to satisfy its lease obligation with no termination fee.
   
  Loan No. 11 – Ellsworth Place – The fourth largest tenant at the Mortgaged Property, Ross Dress For Less, Inc., has a one-time option to terminate its lease during the third full lease year (February 1, 2018 to January 31, 2019) if gross sales do not exceed $7,500,000 ($291.65 PSF.). The termination date will occur no later than 12 months and no earlier than 120 days following the date of such tenant’s early termination notice.
   
  Loan No. 20 – Linden Pointe – The fourth largest tenant at the Mortgaged Property, Education Theatre Association, has the right to terminate its lease on May 1, 2026 with nine months’ written notice and a termination fee to include any remaining unamortized leasing costs as well as four months of the then in-place base rent per the terms of the lease.
   
  Loan No. 22 – County Line Plaza – The third largest tenant at the Mortgaged Property, Burke’s Outlet, has a one-time right to terminate with no termination fee upon 90 days’ written notice which must be delivered 120 days after the end of the 84th month of the lease term if tenant sales do not exceed $1,750,000 for the sixth lease term year.
   
  Loan No. 26 – Belle Mill Landing – The third largest tenant at the Mortgaged Property, Aaron Rents, may terminate its lease with no termination fee with 60 days’ notice if its annual sales for the preceding 12-month period falls below the lesser of average sales volume for similar Northern California stores or $440,000.
   
  Loan No. 39 – Country Square – The largest tenant at the Mortgaged Property, Teleperformance, may terminate its lease at any time upon six months’ written notice. If Teleperformance terminates its lease within the first 120 months of the lease term, then it pays a termination fee equal to 1/120 of the tenant improvement allowance and broker commission for each remaining month of occupancy less than 120 months.
   
  Loan No. 52 – Magnolia Village – The largest tenant at the Mortgaged Property, Dossett Dental, may terminate its lease as of the last day of the 134th month (May 31, 2025) with 12 months’ prior written notice.
   
(10) Loan No. 1 – 1670 Broadway – The largest tenant at the Mortgaged Property, TIAA, subleases a total of 33,292 SF, 22,063 SF on the 28th floor and 11,229 SF on the 29th floor, to P2ES Holdings, LLC through December 31, 2018 at $22.76 PSF.
   
  Loan No. 6 – Pier 1 Imports Headquarters – The Mortgaged Property is 99.5% leased to Pier 1 Imports (U.S), Inc. (“Pier 1 Imports”). Pier 1 Imports subleases (i) 22,414 SF on the 19th floor to Burns & McDonnell Engineering Company, Inc. under a sublease that expires in August 2022 for $25.00 PSF, (ii) 10,773 SF on the 20th floor to CQuentia NGS, LLC under a sublease that expires in June 2027 for $20.00 PSF, (iii) 10,183 SF on the 20th floor to Cotten Schmidt & Abbott, L.L.P. under a sublease that expires in December 2023 for $24.00 PSF, and (iv) 10,000 SF on the 18th floor to Ulrich Barn Builders under a sublease that expires in June 2027 for

A-1-17

 

  $25.00 PSF. Cotten Schmidt & Abbott, L.L.P. has a one-time option to terminate the lease, before December 31, 2021, by providing six months’ prior written notice and paying a termination fee equal to the sum of (i) three months of base rent, (ii) three months of its pro rata share of operating expense and (iii) landlord’s unamortized cost defined under the lease. Under its sublease, Ulrich Barn Builders is required to expand to 16,000 SF in August 2019 and the entire 18th floor totaling 22,930 SF in August 2020. The subleased space was underwritten to the lesser of sublease rent and rent under the Pier 1 Imports lease of $27.60 PSF, for a weighted average underwritten sublease rent of $23.80 PSF.
   
  Loan No. 10 – Shelbourne Global Portfolio I – The largest tenant at the 1515 Broad Street Mortgaged Property, Lummus Technology, Inc., subleases 32,105 SF of its total 115,811 SF at the 1515 Broad Street Mortgaged Property to Acosta Foodservices at $19.00 PSF.
   
(11) Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
  Loan No. 3 – Lower Makefield Corporate Center - South – The largest tenant at the Mortgaged Property, Crown Cork & Seal USA Inc, is not yet in occupancy. The lease will commence and the tenant will occupy its space upon completion of renovations by the borrower, which are expected to be completed in September 2018. At origination, the borrower deposited $1,207,775 into a landlord obligations reserve. The tenant is in a free rent period through the date that is 10 months following the lease commencement date, and at origination, the borrower deposited $1,525,947 into a free rent reserve for such tenant.
   
  Loan No. 12 – Wendland Plaza – The fourth largest tenant at the Mortgaged Property, Crunch Fitness, is expected to take full occupancy on September 20, 2018. Crunch Fitness has abated rent during the first six months of its lease term, which period of abatement begins on the rent commencement date, which is defined in the lease as (a) date that Crunch Fitness has opened for business, (b) 150 days after the latest to occur of: (i) the date the relevant municipal authority issues a permit for tenant improvements; (ii) the date that Crunch Fitness has received all applicable land use approvals; or (iii) the date that landlord actually delivered the premises to Crunch Fitness with the landlord work completed.
   
  Loan No. 18 – Valley View Shopping Center – The second largest tenant at the Mortgaged Property, Gabe’s, is currently in occupancy and is required to commence paying rent on February 15, 2019. At origination, the borrower deposited $134,848 into a free rent reserve for such tenant.
   
  Loan No. 20 – Linden Pointe – The fourth largest tenant at the Mortgaged Property, Education Theatre Association, took occupancy on September 1, 2018, but has a nine-month rent abatement period. At origination, the borrower deposited $109,872 into a free rent reserve for such tenant.
   
  Loan No. 31 – Trinity Park – The largest tenant at the Mortgaged Property, Trinity Private Equity Group, is expected to take full occupancy of and commence paying rent on its 2,161 SF expansion space on October 1, 2018.
   
  Loan No. 35 – Westgate Center – The largest tenant at the Mortgaged Property, Cardenas, is expected to take occupancy and commence paying rent on October 1, 2018.
   
(12) Loan No. 25 – Residence Inn Chicago Deerfield – Beginning on December 6, 2019, the borrower is required to make monthly deposits into an FF&E reserve equal to 1/12 of 4.0% of annual gross revenue during the calendar year immediately preceding the calendar year in which the monthly payment date occurs.
   
  Loan No. 28 – Residence Inn Boston Danvers – Beginning on December 6, 2019, the borrower is required to make monthly deposits into an FF&E reserve equal to 1/12 of 4.0% of annual gross revenue during the calendar year immediately preceding the calendar year in which the monthly payment date occurs.
   
  Loan No. 44 – Holiday Inn Express - Brooksville – Beginning on the first payment date in November 2018, the borrower is required to deposit on each payment date an amount equal to the greater of (i) 1/12 of 4.0% of the annual gross revenues from the Mortgaged Property for the previous 12-month period as determined on the anniversary of the origination date (initially $6,157 per month), or (ii) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E, but excluding any amounts attributable to a property improvement plan.
   
(13) Loan No. 25 – Residence Inn Chicago Deerfield – The borrower deposited $147,000 (the “Deerfield Initial Deposit”) at origination into a seasonality reserve. On any payment date in which the funds in the seasonality reserve are less than the Deerfield Initial Deposit, the borrower is required to deposit the amount necessary to cause the funds in the seasonality reserve to equal the Deerfield Initial Deposit.

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  Loan No. 28 – Residence Inn Boston Danvers – The borrower deposited $109,000 (the “Danvers Initial Deposit”) at origination into a seasonality reserve. On any payment date in which the funds in the seasonality reserve are less than the Danvers Initial Deposit, the borrower is required to deposit the amount necessary to cause the funds in the seasonality reserve to equal the Danvers Initial Deposit.
   
  Loan No. 36 – DoubleTree by Hilton Hotel Santa Fe – On each payment date occurring during the months of July through and including October of each year of the term of the Mortgage Loan, the borrower is required to deposit with the lender the monthly seasonality reserve deposit; provided, however, the borrower is not be required to deposit the monthly seasonality reserve deposit during such times as the balance in the seasonality reserve exceeds $200,000.
   
  Loan No. 40 – Fairfield Inn & Suites by Marriott - Fort Pierce – On each payment date occurring during the months of October through and including April of each year of the term of the Mortgage Loan commencing in October 2019, the borrower is required to deposit with the lender an amount equal to 1/7 of the seasonality reserve aggregate shortfall amount, capped at the seasonality reserve aggregate shortfall amount.
   
  Loan No. 43 – Quality Inn & Suites Florence – The borrower deposited $114,100 at origination into a seasonality reserve. Ongoing seasonality reserve payments of $14,263 are required to be deposited monthly on each payment date occurring during the period between April and November, inclusive.
   
  Loan No. 44 – Holiday Inn Express - Brooksville – The borrower deposited $35,000 at origination into a seasonality reserve. Ongoing seasonality reserve payments are required to be deposited monthly in an amount equal to the sum of the projected debt service shortfalls (inclusive of amounts attributable to monthly deposits into all applicable escrows and reserve accounts required pursuant to the Mortgage Loan documents), as determined by the lender annually as of each anniversary of the origination date; provided, however, in no event will the amount in the seasonality reserve exceed $100,000.
   
  Loan No. 50 – Country Inn & Suites - Vero Beach I 95 – On each payment date occurring during the months of January through and including December of each year of the term of the Mortgage Loan commencing in November 2019, the borrower is required to deposit with the lender an amount equal to 1/6 of the seasonality reserve aggregate shortfall amount, capped at the seasonality reserve aggregate shortfall amount.
   
(14) Loan No. 15 – Fort Wayne Hotel Portfolio – Beginning on the first payment date in October 2018, the borrower is required to deposit in escrow an amount equal to the greater of (i) (A) on each of the first 12 payment dates, $5,480, (B) on each of the 13th through the 24th payment dates, 1/12 of 2.0% of the aggregate gross annual income of the Mortgaged Properties (based on the prior year’s performance) and (C) on each payment date after the 24th payment date, 1/12 of 4.0% of the gross annual income of the Mortgaged Properties (based on the prior year’s performance), (ii) the then-current amount required by each management agreement and (iii) the then-current amount required by each franchise agreement for approved capital expenses and/or FF&E expenses, and the repair and replacement of the FF&E and capital expenses that may be incurred following origination.
   
  Loan No. 23 – Aspect RHG Hotel Portfolio – Beginning on the first payment date in September 2018, the borrower is required to deposit in escrow an amount equal to the greater of (i) (A) on each of the first 12 payment dates, $14,970, (B) on each of the 13th through the 24th payment dates, 1/12 of 2.0% of the gross annual income of the Mortgaged Properties (based on the prior year’s performance) and (C) on each payment date after the 24th payment date, 1/12 of 4.0% of the gross annual income of the Mortgaged Properties (based on the prior year’s performance), (ii) the then-current amount required by each management agreement and (iii) the then-current amount required by each franchise agreement for approved capital expenses and/or FF&E expenses, and the repair and replacement of the FF&E and capital expenses that may be incurred following origination.
   
  Loan No. 47 – Best Western Travelers Rest – The borrower is required to pay to the lender an amount equal to the “FF&E Reserve Monthly Amount” to be held in a reserve to be used to pay costs of repairs and replacements of FF&E. The initial FF&E Reserve Monthly Amount is $5,262. On May 1, 2019 and on May 1 of each succeeding year, the FF&E Reserve Monthly Amount will be reset to 1/12 of 4.0% of the prior calendar year’s gross revenue.
   
  Loan No. 51 – Country Inn & Suites Norcross – The borrower is required to pay to the lender an amount equal to the “FF&E Reserve Monthly Amount” to be held in a reserve to be used to pay costs of repairs and replacements of FF&E. The initial FF&E Reserve Monthly Amount is $4,690. On October 1, 2019 and on October 1 of each succeeding year, the FF&E Reserve Monthly Amount will be reset to 1/12 of 4.0% of the prior calendar year’s gross revenue.

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(15) Loan No. 19 – Quala – The Phase I ESAs identified certain RECs at each of the related Mortgaged Properties in connection with the ongoing use of such Mortgaged Properties as tank wash facilities. According to the Phase I ESAs, each of (i) the presence of cracks and gaps in the concrete floors of certain of the facilities conducive to migration of substances to the subsurface, (ii) the unknown conditions of certain drainage features, (iii) the proximity of one or more Mortgaged Properties to oil recycling facilities with RCRA compliance violations and residual concentrations of heavy metals, and (iv) the absence of documentation regarding spill incidents and former industrial uses at certain of the Mortgaged Properties, represented RECs. At origination, the borrower fully paid for and the lender obtained a lender’s environmental liability insurance policy issued by Great American Insurance with combined single limits (CSL-per incident and in the aggregate) of $5,000,000, a deductible of $250,000 and a policy period through the stated maturity date of the Mortgage Loan. The Mortgage Loan documents provide that in the event that the borrower fails to repay the related debt on the stated maturity date, the term of such policy is required to be extended for three years beyond such date. The environmental liability insurance policy names the lender as an additional named insured with its successors, assigns and/or affiliates, ATIMA.
   
  Loan No. 20 – Linden Pointe – The ESA for the Mortgaged Property recommends continued adherence with the activity and use limitations, as contained in an Environmental Covenant for the Voluntary Action Program (VAP) site (08NFA297) that includes the subject Mortgaged Property and surrounding properties to the south and west. These activity and use limitations restrict the use of the site to commercial/industrial use and prohibits the use of groundwater.
   
  Loan No. 41 – Forest Oaks Plaza – The ESA identified a former dry-cleaner facility in the environmental databases as a Florida Department of Environmental Protection (FDEP) Division of Waste Management contaminated site, registered dry-cleaner facility, voluntary cleanup program site, storage tank/contaminated facility and a Resource Conservation and Recovery Act non-generator facility. Impacted soils and groundwater at the source area were identified in a Phase II subsurface investigation in 2001 and have been remediated using soil vapor extraction, groundwater chemical oxidant injection and pump and treat methods. In September 2017, the responsible party applied for a no further action agreement with a restrictive covenant consisting of institutional controls for closure of the site from the FDEP after the concentrations of tetrachloroethylene (PCE) groundwater were below applicable regulatory cleanup action criteria for two reporting cycles. Institutional controls involve groundwater and storm water use restrictions for off-site properties. In November 2017, the FDEP issued a deliverable review letter concurring with the request and indicating that a conditional site rehabilitation completion order would be issued for the Mortgaged Property once a declaration of restrictive covenant was completed and recorded in the appropriate county land office. All monitoring wells at the Mortgaged Property were properly abandoned in January 2018. Given that a no further action agreement with institutional controls has been approved, the historic releases from the former dry cleaner tenant are considered a controlled recognized environmental condition.
   
(16) Loan No. 1 – 1670 Broadway – The ESA for the Mortgaged Property did not note any recognized environmental conditions. However, at origination, in lieu of an environmental indemnitor, the borrower sponsor provided an environmental insurance policy issued by Great American Insurance Company for an eight-year policy term with combined single limit of $5,000,000 and a deductible of $50,000 naming lender as an additional insured party.
   
  Loan No. 10 – Shelbourne Global Portfolio I – The ESA for the 140 Centennial Avenue and 275 Centennial Avenue Mortgaged Properties noted recognized environmental conditions related to underground storage tanks located on each Mortgaged Property. Due to the recognized environmental condition, the borrower fully paid for and the lender obtained a 13-year lender’s environmental liability insurance policy for all Shelbourne Global Portfolio I Mortgaged Properties with aggregate limits of not less than $3,000,000, with a $250,000 deductible, and the borrower shall take no action, including allowing a change in the use of the Mortgaged Property that is materially different from the current use of the Mortgaged Property, such that coverage under the environmental liability insurance policy could be denied by the insurer under the environmental liability insurance policy.
   
  Loan No. 17 – Riverwalk – The ESA noted a recognized environmental condition related to the historical use of part of the Mortgaged Property as a boiler house and for coal storage circa 1956. Due to the recognized environmental condition as well as potential unknown environmental issues related to former industrial uses, the borrower fully paid for and the lender obtained a 13-year lender’s environmental liability insurance policy with aggregate and individual limits of not less than $2,000,000, with a $250,000 deductible, and the Whole Loan documents prohibit the borrowers from terminating the policy without the lender’s consent or intentionally taking any actions with respect to the Mortgaged Property, which would reasonably be expected to result in a forfeiture, or adversely affect the validity or enforceability of such policy prior to the date that is three years after the Whole Loan stated maturity date.

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  Loan No. 39 – Country Square – The ESA for the Mortgaged Property noted a controlled recognized environmental condition due to current and prior tenants operating dry cleaning facilities on site. However, at origination, the borrower sponsor provided an environmental insurance policy for an approximately 10-year policy term with a combined single limit of coverage of $2,000,000.
   
  Loan No. 48 – 8950 Old FM 1405 – The borrower sponsor provided an environmental insurance policy for the Mortgaged Property. The environmental insurance policy was issued by Beazley, which has an A.M. Best rating of “A” (Excellent), with limits of $2,000,000 per occurrence and $2,000,000 in the aggregate. The environmental insurance policy provides coverage during the term of the Mortgage Loan.
   
(17) For more information see “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the preliminary prospectus.
   
(18) Loan No. 4 – Christiana Mall – The borrower is permitted a grace period of one business day for monthly debt service payments, which grace period may be utilized once in every 12-month period.
   
(19) Loan No. 17 – Riverwalk – The Mortgaged Property consists of 494,209 SF of office space (78.4% of NRA), 65,486 SF of retail space (10.4% of NRA) and 70,684 SF of industrial space (11.2% of NRA).
   
  Loan No. 38 – Scottsdale Haciendas – The Mortgaged Property consists of 79 out of a total of 180 condominium units within the Scottsdale Haciendas Condominium Association, comprising 43.89% of the interest in the condominium. Although the borrower does not control the related condominium association board, the borrower (i) is reserved the rights of the “Declarant” under the related condominium declaration, (ii) by virtue of its 43.89% interest in the condominium, is granted veto rights over certain matters, including (a) allocation of any common element as a limited common element, (b) financing capital improvements by encumbering future assessments, (c) increasing the amount of any reserve contributions by more than 20.0% during any 12-month period and (d) amending the related condominium declaration, and (iii) otherwise grants to lender customary mortgagee protections.
   
(20) Loan No. 6 – Pier 1 Imports Headquarters – Pier 1 Imports is currently dark but current on rent in 40,895 SF, comprised of 26,507 SF on the 17th floor, 12,930 SF on the 18th floor and 1,458 SF on the 20th floor. The dark space was underwritten as vacant.
   
  Loan No. 41 – Forest Oaks Plaza – The sixth largest tenant at the Mortgaged Property, Regymen Fitness, representing approximately 5.7% of the NRA, is owned by an affiliate of the guarantors.
   
(21) Loan No. 14 – 121 East Maryland Street Parking Garage – The gross revenues are underwritten to the 2017 historical gross revenues as the Mortgaged Property was previously operated under a lease with Denison and the historical cash flows reflect gross revenues as opposed to the lease’s base rental payment. The operating expenses are underwritten to the appraiser’s conclusions as the historical expenses were paid by the tenant under the lease and the borrower is not able to obtain the historical amounts. At origination, a management agreement was executed with an effective date of January 1, 2019 at which time the lease will be replaced. The new management agreement at the Mortgaged Property has a base management fee equal to $42,000 per year and an incentive management fee equal to 20.0% of the amount by which NOI at the Mortgaged Property in a given year increases over NOI for the prior year; however, no incentive management fee will be paid in any year unless the NOI surpasses $1,600,000. There were minimal historical management fees while the Mortgaged Property was subject to the lease and therefore these fees have been excluded from the historical operating statements as they reflect non-recurring oversight charges associated with repairs that have been completed. The underwritten and historical management fee presented is based on 3.0% of EGI.
   
(22) Loan No. 19 – Quala – The Quala lease permits the tenant to substitute each of the individual Mortgaged Properties that are subject to the lease at any time after July 1, 2022 and only once in the first 10 years of the lease term. The lender has the opportunity to perform customary due diligence on the Mortgaged Property to be substituted to include the Whole Loan meeting the DSCR, debt yield, LTV and REMIC metrics of the Mortgaged Properties immediately prior to such substitution.
   
  Loan No. 19 – Quala – The sole tenant at the Mortgaged Properties, Quala, has the right to go dark at any individual Mortgaged Property except for the Quala – Pasadena Mortgaged Property, or it may go dark at multiple Mortgaged Properties, provided that, with respect to going dark at multiple Mortgaged Properties, Quala does not go dark in an area which is in excess of 10.0% of the aggregate base rent as of the lease commencement date.
   
(23) Loan No. 33 – 1015 Locust – The Occupancy Rate, Largest Tenant % of NRA, Second Largest Tenant % of NRA, Third Largest Tenant % of NRA, Fourth Largest Tenant % of NRA, and Fifth Largest Tenant % of NRA are

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  based on an adjusted total size of 196,627 SF, which primarily excludes storage space, space being converted to storage, and nontraditionally leasable space. Including all tenant types and using the total size of 254,437 SF, the occupancy is 58.8%.
   
(24) Loan No. 37 – Kohl’s - Fort Smith – The Mortgage Loan documents and related organizational structure contemplate a reverse 1031 exchange and master lease structure.
   
(25) Loan No. 31 – Trinity Park – In the event that Trinity Private Equity Group files for bankruptcy, goes dark, vacates, surrenders, cancels or terminates its lease or commencing 12 months prior to its lease expiration date, excess cash will be deposited into a reserve to be used for re-tenanting the Trinity Private Equity Group’s space.
   
  Loan No. 47 – Best Western Travelers Rest – Upon the earlier to occur of (a) a termination or cancellation of the franchise agreement, (b) the borrower discontinues to operate a Best Western hotel at the Mortgaged Property, (c) a material breach by the borrower of the franchise agreement and (d) the borrower entering into a future PIP agreement, excess cash will be deposited into a reserve to be used for costs associated with performing the future PIP.
   
  Loan No. 51 – Country Inn & Suites Norcross – Upon the earlier to occur of (a) a termination or cancellation of the franchise agreement, (b) the borrower discontinues to operate a limited-services hotel at the Mortgaged Property, (c) a material breach by the borrower of the franchise agreement, (d) the borrower entering into a future PIP agreement or (e) 12 months prior to the franchise agreement expiration date, excess cash will be deposited into a reserve to be used for costs associated with performing the future PIP.
   
(26) Loan No. 19 – Quala – All monthly reserves are waived so long as (i) the Quala lease remains in full force and effect, (ii) no material tenant trigger event has occurred and be then continuing, (iii) Quala or applicable qualified substitute tenant is obligated pursuant to its lease to pay taxes and other assessments and maintain insurance consistent with the insurance requirements to be set forth in the Mortgage Loan documents, and (iv) Quala or the applicable substitute tenant performs such obligations in a timely manner and the borrower provides evidence of such performance by Quala or the applicable substitute tenant to lender in a timely manner.
   
  Loan No. 32 – Cabrillo Plaza – Monthly escrows of (i) 1/12 of the estimated annual real estate tax amount, (ii) $1,279 for replacement reserves and (iii) $9,591 for tenant improvement and leasing commissions are waived except in the case of default. Monthly escrows of 1/12 of the estimated annual insurance premium are waived so long as the borrower is maintaining its insurance coverage under a blanket policy except in the case of default.
   
(27) Loan No. 9 – Barrywoods Crossing – A monthly TI/LC Reserve escrow will commence if the amount on deposit in the TI/LC Reserve falls below the initial deposit of $1,470,222.

 

A-1-22