FWP 1 n663_x2-a1.htm FREE WRITING PROSPECTUS
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-03
     

 

     
 

Free Writing Prospectus dated April 28, 2016

 

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-206361) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-400-7834 or emailing cmbs-prospectus@jpmorgan.com.

 

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

 

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File supersedes any contrary information contained in any prior File relating to the subject securities and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

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

 

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system.

 

  
     

 

 

   
   

ANNEX A-1

                                                             
                                                             
                                Number of   Property     Property       Year        Unit of       
Loan #   Seller(1)   Property Name   Street Address   City   State   Zip Code   County   Properties   Type   Subtype   Year Built   Renovated   Units(2)    Measure   Occupancy %(3)
1   JPMCB   Quaker Bridge Mall   3320 Brunswick Pike   Lawrenceville   NJ   08648   Mercer   1   Retail   Super Regional Mall   1976   2013   357,221   Square Feet   84.2%
2   GACC   787 Seventh Avenue   787 Seventh Avenue   New York   NY   10019   New York   1   Office   CBD   1985   2015   1,706,007   Square Feet   98.3%
3   JPMCB   100 East Pratt   100 East Pratt Street   Baltimore   MD   21202   Baltimore City   1   Office   CBD   1975, 1991   2015   662,708   Square Feet   99.4%
4   JPMCB   Sanofi Office Complex   55 Corporate Drive   Bridgewater   NJ   08807   Somerset   1   Office   Suburban   1987   2006   674,325   Square Feet   100.0%
5   GACC   Williamsburg Premium Outlets   5715-62A Richmond Road   Williamsburg   VA   23188   James City   1   Retail   Anchored   1987   2005   522,133   Square Feet   95.2%
6   JPMCB   Four Penn Center   1600 John F. Kennedy Boulevard   Philadelphia   PA   19103   Philadelphia   1   Office   CBD   1964   2001   522,600   Square Feet   83.9%
7   GACC   Equity Inns Portfolio   Various   Various   Various   Various   Various   21   Hotel   Various   Various   Various   2,690   Rooms   76.0%
7.01   GACC   Homewood Suites Seattle   206 Western Avenue West   Seattle   WA   98119   King   1   Hotel   Extended Stay   1998       161   Rooms   88.2%
7.02   GACC   Homewood Suites Orlando   8745 International Drive   Orlando   FL   32819   Orange   1   Hotel   Extended Stay   1999   2014   252   Rooms   85.7%
7.03   GACC   Courtyard Carlsbad   5835 Owens Avenue   Carlsbad   CA   92008   San Diego   1   Hotel   Select Service   2000   2013   145   Rooms   73.7%
7.04   GACC   Courtyard Houston   12401 Katy Freeway   Houston   TX   77079   Harris   1   Hotel   Select Service   1979   2010   176   Rooms   53.0%
7.05   GACC   Homewood Suites Stratford   6905 Main Street   Stratford   CT   06614   Fairfield   1   Hotel   Extended Stay   2002   2014   135   Rooms   79.0%
7.06   GACC   Hampton Inn Urbana   1200 West University Avenue   Urbana   IL   61801   Champaign   1   Hotel   Limited Service   1995   2011   130   Rooms   68.8%
7.07   GACC   Springhill Suites Asheville   2 Buckstone Place   Asheville   NC   28805   Buncombe   1   Hotel   Limited Service   2001   2009   88   Rooms   75.5%
7.08   GACC   Hilton Garden Inn Louisville   1530 Alliant Avenue   Louisville   KY   40299   Jefferson   1   Hotel   Select Service   1999   2012   112   Rooms   75.8%
7.09   GACC   Hampton Inn Orlando   8900 Universal Boulevard   Orlando   FL   32819   Orange   1   Hotel   Limited Service   1999   2012   170   Rooms   81.9%
7.10   GACC   Hampton Inn Austin   7619 North Interstate 35   Austin   TX   78752   Travis   1   Hotel   Limited Service   1985   2009   121   Rooms   74.2%
7.11   GACC   Hampton Inn College Station   320 Texas Avenue South   College Station   TX   77840   Brazos   1   Hotel   Limited Service   1986   2008   133   Rooms   67.6%
7.12   GACC   Hampton Inn Indianapolis   6817 East 82nd Street   Indianapolis   IN   46250   Marion   1   Hotel   Limited Service   1987   2013   128   Rooms   77.7%
7.13   GACC   TownePlace Suites Savannah   11309 Abercorn Street   Savannah   GA   31419   Chatham   1   Hotel   Extended Stay   2000   2013   93   Rooms   88.3%
7.14   GACC   Hampton Inn East Lansing   2500 Coolidge Road   East Lansing   MI   48823   Ingham   1   Hotel   Limited Service   2000   2008   86   Rooms   79.5%
7.15   GACC   Hampton Inn Naperville   1087 East Diehl Road   Naperville   IL   60563   DuPage   1   Hotel   Limited Service   1987   2010   129   Rooms   71.1%
7.16   GACC   Hilton Garden Inn Rio Rancho   1771 Rio Rancho Drive Southeast   Rio Rancho   NM   87124   Sandoval   1   Hotel   Select Service   1998   2014   129   Rooms   73.8%
7.17   GACC   Courtyard Dalton   785 College Drive   Dalton   GA   30720   Whitfield   1   Hotel   Select Service   1999   2012   93   Rooms   73.5%
7.18   GACC   Hampton Inn Alcoa   148 International Drive   Alcoa   TN   37701   Blount   1   Hotel   Limited Service   1989   2010   118   Rooms   82.5%
7.19   GACC   Homewood Suites Augusta   1049 Stevens Creek Road   Augusta   GA   30907   Richmond   1   Hotel   Extended Stay   1997   2008   65   Rooms   73.9%
7.20   GACC   Residence Inn Jacksonville   1310 Airport Road   Jacksonville   FL   32218   Duval   1   Hotel   Extended Stay   1999       78   Rooms   80.7%
7.21   GACC   Hampton Inn Milford   129 Plains Road   Milford   CT   06461   New Haven   1   Hotel   Limited Service   1986   2010   148   Rooms   72.1%
8   JPMCB   DoubleTree Houston Intercontinental Airport   15747 John F. Kennedy Boulevard   Houston   TX   77032   Harris   1   Hotel   Full Service   1981   2006   313   Rooms   85.3%
9   GACC   One Harbor Point Square   2200 Atlantic Street   Stamford   CT   06902   Fairfield   1   Office   CBD   2011       251,295   Square Feet   99.3%
10   GACC   High Crossing Portfolio   Various   Various   Various   Various   Various   8   Various   Various   Various       362,698   Square Feet   87.0%
10.01   GACC   CarMax   6801 East Frontage Road   Overland Park   KS   66204   Johnson   1   Retail   Single Tenant   2002       58,430   Square Feet   100.0%
10.02   GACC   2810 Crossroads Drive   2810 Crossroads Drive   Madison   WI   53718   Dane   1   Office   Suburban   1996       60,867   Square Feet   68.1%
10.03   GACC   2418 Crossroads Drive   2418 Crossroads Drive   Madison   WI   53718   Dane   1   Office   Suburban   1999       62,444   Square Feet   83.2%
10.04   GACC   2310 Crossroads Drive   2310 Crossroads Drive   Madison   WI   53718   Dane   1   Office   Suburban   2005       62,697   Square Feet   97.3%
10.05   GACC   5325 Wall Street   5325 Wall Street   Madison   WI   53718   Dane   1   Office   Suburban   1998       34,865   Square Feet   94.7%
10.06   GACC   5315 Wall Street   5315 Wall Street   Madison   WI   53718   Dane   1   Office   Suburban   1994       33,922   Square Feet   74.9%
10.07   GACC   2601 Crossroads Drive   2601 Crossroads Drive   Madison   WI   53718   Dane   1   Office   Suburban   1993       29,761   Square Feet   92.3%
10.08   GACC   2801 Crossroads Drive   2801 Crossroads Drive   Madison   WI   53718   Dane   1   Office   Suburban   1998       19,712   Square Feet   86.1%
11   JPMCB   Naples Grande Beach Resort   475 Seagate Drive and 7220, 7540 & 7760 Golden Gate Parkway   Naples   FL   34103, 34105   Collier   1   Hotel   Full Service   1986   2015   474   Rooms   70.6%
12   JPMCB   Barrett Lakes Center   Various   Kennesaw   GA   30144   Cobb   3   Office   Suburban   Various       314,541   Square Feet   96.4%
12.01   JPMCB   Barrett Lakes Center II   1825 Barrett Lakes Boulevard Northwest   Kennesaw   GA   30144   Cobb   1   Office   Suburban   1998       118,352   Square Feet   91.6%
12.02   JPMCB   Barrett Lakes Center I   1701 Barrett Lakes Boulevard Northwest   Kennesaw   GA   30144   Cobb   1   Office   Suburban   1997       117,027   Square Feet   98.8%
12.03   JPMCB   Barrett Lakes Center IV   1940 Lodge Road Northwest   Kennesaw   GA   30144   Cobb   1   Office   Suburban   1999       79,162   Square Feet   100.0%
13   JPMCB   Saint Germaine Apartments   2101 Manhattan Boulevard   Harvey   LA   70058   Jefferson   1   Multifamily   Garden   1982   2003   552   Units   92.2%
14   JPMCB   Palisades Center   1000 Palisades Center Drive   West Nyack   NY   10994   Rockland   1   Retail   Super Regional Mall   1997   2013   1,896,322   Square Feet   94.3%
15   GACC   Sun MHC Portfolio   Various   Various   Various   Various   Various   12   Manufactured Housing   Manufactured Housing   Various       3,981   Pads   82.8%
15.01   GACC   Silver Star   2350 North Hiawassee Road   Orlando   FL   32818   Orange   1   Manufactured Housing   Manufactured Housing   1971       406   Pads   98.8%
15.02   GACC   West Glen Village   1207 Rushmore Boulevard East   Indianapolis   IN   46234   Marion   1   Manufactured Housing   Manufactured Housing   1970       552   Pads   78.4%
15.03   GACC   Edwardsville   301 Beach Street   Edwardsville   KS   66113   Wyandotte   1   Manufactured Housing   Manufactured Housing   1968       635   Pads   75.7%
15.04   GACC   Sherman Oaks   1144 Sherman Boulevard   Jackson   MI   49201   Jackson   1   Manufactured Housing   Manufactured Housing   1976       366   Pads   74.0%
15.05   GACC   College Park Estates   51074 Mott Road   Canton   MI   48188   Wayne   1   Manufactured Housing   Manufactured Housing   1960       230   Pads   93.0%
15.06   GACC   Snow to Sun   1701 North International Boulevard   Weslaco   TX   78596   Hidalgo   1   Manufactured Housing   Manufactured Housing   1989       476   Pads   93.4%
15.07   GACC   Casa Del Valle   1048 North Alamo Road   Alamo   TX   78516   Hidalgo   1   Manufactured Housing   Manufactured Housing   1990       376   Pads   93.4%
15.08   GACC   Valley View Estates   4115 Nine Mile Road South   Allegany   NY   14706   Cattaraugus   1   Manufactured Housing   Manufactured Housing   1980       197   Pads   85.8%
15.09   GACC   Colonial Village   3974 State Road 417   Allegany   NY   14706   Cattaraugus   1   Manufactured Housing   Manufactured Housing   1980       156   Pads   87.2%
15.10   GACC   Village Trails   518 Hickory Lane   Howard City   MI   49329   Montcalm   1   Manufactured Housing   Manufactured Housing   1996       100   Pads   94.0%
15.11   GACC   Maplewood   12451 Pendleton Pike   Indianapolis   IN   46236   Marion   1   Manufactured Housing   Manufactured Housing   1960       207   Pads   58.9%
15.12   GACC   Kenwood   1201 North Main Street   La Feria   TX   78559   Cameron   1   Manufactured Housing   Manufactured Housing   1987       280   Pads   90.9%
16   GACC   Hall Office Park A1/G1/G3   Various   Frisco   TX   75034   Collin   3   Office   Suburban   Various       328,743   Square Feet   91.1%
16.01   GACC   Hall Office Park G3   2811 Internet Boulevard   Frisco   TX   75034   Collin   1   Office   Suburban   2002       115,856   Square Feet   100.0%
16.02   GACC   Hall Office Park G1   2401 Internet Boulevard   Frisco   TX   75034   Collin   1   Office   Suburban   2000       115,712   Square Feet   86.7%
16.03   GACC   Hall Office Park A1   2595 Dallas Parkway   Frisco   TX   75034   Collin   1   Office   Suburban   1998       97,175   Square Feet   85.8%
17   JPMCB   New Town Collier Portfolio   Various   Various   FL   Various   Various   2   Industrial   Flex   Various   Various   341,839   Square Feet   85.5%
17.01   JPMCB   New Town Commerce Center   4350-4380 Oakes Road & 3901 South State Road 7   Davie   FL   33314   Broward   1   Industrial   Flex   1963, 2000   2000   152,657   Square Feet   94.7%
17.02   JPMCB   Collier Park of Commerce   2900, 2940, 2960, 2975 & 3030 Horseshoe Drive South and 3050 Horseshoe Drive North   Naples   FL   34104   Collier   1   Industrial   Flex   1985       189,182   Square Feet   78.1%
18   GACC   1505 East Warner   1505 East Warner Avenue   Santa Ana   CA   92705   Orange   1   Mixed Use   Industrial/Office   1966   2001   224,792   Square Feet   95.6%
19   JPMCB   Legends at Kingsville   1331 West Santa Gertrudis Street   Kingsville   TX   78363   Kleberg   1   Multifamily   Student   2015       504   Beds   98.8%
20   JPMCB   Omni Storage Portfolio   Various   Various   Various   Various   Various   4   Self Storage   Self Storage   Various       1,705   Units   78.0%
20.01   JPMCB   Omni 7 Madisonville   155 Highway 21   Madisonville   LA   70447   Saint Tammany   1   Self Storage   Self Storage   2007       419   Units   83.8%
20.02   JPMCB   Omni 6 Slidell   2398 Gause Boulevard West   Slidell   LA   70460   Saint Tammany   1   Self Storage   Self Storage   2007       405   Units   77.0%
20.03   JPMCB   Omni 5 Ponchatoula   18577 Highway 22   Ponchatoula   LA   70454   Tangipahoa   1   Self Storage   Self Storage   2006       409   Units   81.9%
20.04   JPMCB   Omni 4 Bay St. Louis   801 Turner Street   Bay Saint Louis   MS   39520   Hancock   1   Self Storage   Self Storage   2006       472   Units   70.3%
21   JPMCB   Hampton Inn Seattle Airport   19445 International Boulevard   SeaTac   WA   98188   King   1   Hotel   Limited Service   1988   2013   130   Rooms   77.8%
22   GACC   Residence Inn Murfreesboro   1409 Conference Center Boulevard   Murfreesboro   TN   37129   Rutherford   1   Hotel   Extended Stay   2015       112   Rooms   79.2%
23   JPMCB   Hampton Inn Nashville - Bellevue   7815 Coley Davis Road   Nashville   TN   37221   Davidson   1   Hotel   Limited Service   1998   2015   86   Rooms   76.9%
24   JPMCB   Bella Vista   4305 Ruben Torres Senior Boulevard   Brownsville   TX   78526   Cameron   1   Multifamily   Garden   2014       128   Units   93.8%
25   JPMCB   Heights Boulevard Portfolio   Various   Houston   TX   77008   Harris   4   Multifamily   Garden   Various   Various   76   Units   97.4%
25.01   JPMCB   427 West 16th Street   427 West 16th Street   Houston   TX   77008   Harris   1   Multifamily   Garden   1960   2013   28   Units   100.0%
25.02   JPMCB   214 West 17th Street   214 West 17th Street   Houston   TX   77008   Harris   1   Multifamily   Garden   1960   2013   22   Units   100.0%
25.03   JPMCB   1548 Ashland Street   1548 Ashland Street   Houston   TX   77008   Harris   1   Multifamily   Garden   1935, 1950   2014   16   Units   87.5%
25.04   JPMCB   1222 Heights Boulevard   1222 Heights Boulevard   Houston   TX   77008   Harris   1   Multifamily   Garden   1964   2013   10   Units   100.0%
26   GACC   Home2Suites Hilton Lehi   3051 West Club House Drive   Lehi   UT   84043   Utah   1   Hotel   Extended Stay   2014       103   Rooms   78.4%
27   JPMCB   Hampton Inn Carrollton   102 South Cottage Hill Road   Carrollton   GA   30117   Carroll   1   Hotel   Limited Service   2003   2013   77   Rooms   76.1%
28   JPMCB   120 Halsted Street   120 Halsted Street   East Orange   NJ   07018   Essex   1   Multifamily   Mid-rise   2016       42   Units   95.2%
29   GACC   21st Century SS Monterey   1118 Airport Road   Monterey   CA   93940   Monterey   1   Self Storage   Self Storage   1997       482   Units   93.8%
30   GACC   333 Market Street (Port of Oakland Industrial)   333 Market Street   Oakland   CA   94607   Alameda   1   Industrial   Warehouse   1965       73,080   Square Feet   100.0%

 

A-1-1
 

 

ANNEX A-1 

                                                                                     
                                Original       Current                       Net                   First  
            Occupancy   Appraised   Appraisal   Current   Original   Balance   Current     Balance   % of Initial   Crossed   Related     Interest     Admin.   Mortgage       Monthly Debt   Annual Debt       Payment
Loan #   Seller(1)   Property Name   Date   Value ($)(4)   Date   LTV %(4)   Balance ($)(5)(6)   per Unit ($)   Balance ($)(5)(6)   per Unit ($)   Pool Balance   Loan   Borrower(7)   Rate %(8)   Fee %(8)   Rate %(8)   Accrual Type   Service ($)(9)(10)   Service ($)(10)   Note Date   Date
1   JPMCB   Quaker Bridge Mall   02/23/16   333,000,000   03/04/16   45.0%   83,333,333   420   83,333,333   420   9.3%   No   Yes - Group 1   4.20000   0.01634   4.18366   Actual/360   295,717.59   3,548,611.10   04/05/16   06/01/16
2   GACC   787 Seventh Avenue   01/31/16   1,935,000,000   01/01/16   29.3%   60,000,000   332   60,000,000   332   6.7%   No   No   3.83718   0.01098   3.82620   Actual/360   194,523.71   2,334,284.52   01/27/16   03/06/16
3   JPMCB   100 East Pratt   02/26/16   187,800,000   03/02/16   58.8%   60,000,000   167   60,000,000   167   6.7%   No   No   4.67000   0.01634   4.65366   Actual/360   310,101.71   3,721,220.52   03/31/16   05/06/16
4   JPMCB   Sanofi Office Complex   05/06/16   272,800,000   11/24/15   45.8%   60,000,000   185   60,000,000   185   6.7%   No   Yes - Group 2   5.09300   0.01223   5.08077   Actual/360   258,186.81   3,098,241.67   12/11/15   02/06/16
5   GACC   Williamsburg Premium Outlets   12/10/15   337,800,000   12/03/15   54.8%   50,000,000   354   50,000,000   354   5.6%   No   Yes - Group 1   4.22900   0.01223   4.21677   Actual/360   178,655.67   2,143,868.04   01/07/16   03/06/16
6   JPMCB   Four Penn Center   03/31/16   91,900,000   03/07/16   75.0%   48,000,000   132   48,000,000   132   5.4%   No   No   4.67500   0.01634   4.65866   Actual/360   248,225.39   2,978,704.68   04/08/16   06/01/16
7   GACC   Equity Inns Portfolio   01/31/16   360,000,000   08/20/15   64.4%   44,800,000   86,245   44,800,000   86,245   5.0%   No   Yes - Group 2   4.96000   0.01223   4.94777   Actual/360   187,745.19   2,252,942.28   10/06/15   11/06/15
7.01   GACC   Homewood Suites Seattle   01/31/16   56,700,000   08/18/15       8,129,655       8,129,655       0.9%                                        
7.02   GACC   Homewood Suites Orlando   01/31/16   26,100,000   08/13/15       3,543,448       3,543,448       0.4%                                        
7.03   GACC   Courtyard Carlsbad   01/31/16   21,800,000   08/18/15       2,819,310       2,819,310       0.3%                                        
7.04   GACC   Courtyard Houston   01/31/16   18,200,000   08/17/15       2,606,897       2,606,897       0.3%                                        
7.05   GACC   Homewood Suites Stratford   01/31/16   18,600,000   08/18/15       2,413,793       2,413,793       0.3%                                        
7.06   GACC   Hampton Inn Urbana   01/31/16   16,800,000   08/14/15       2,394,483       2,394,483       0.3%                                        
7.07   GACC   Springhill Suites Asheville   01/31/16   16,400,000   08/20/15       2,220,690       2,220,690       0.2%                                        
7.08   GACC   Hilton Garden Inn Louisville   01/31/16   15,100,000   08/18/15       2,211,034       2,211,034       0.2%                                        
7.09   GACC   Hampton Inn Orlando   01/31/16   14,800,000   08/13/15       2,153,103       2,153,103       0.2%                                        
7.10   GACC   Hampton Inn Austin   01/31/16   14,600,000   08/17/15       2,124,138       2,124,138       0.2%                                        
7.11   GACC   Hampton Inn College Station   01/31/16   14,100,000   08/14/15       2,027,586       2,027,586       0.2%                                        
7.12   GACC   Hampton Inn Indianapolis   01/31/16   12,200,000   08/17/15       1,747,586       1,747,586       0.2%                                        
7.13   GACC   TownePlace Suites Savannah   01/31/16   12,100,000   08/19/15       1,641,379       1,641,379       0.2%                                        
7.14   GACC   Hampton Inn East Lansing   01/31/16   10,800,000   08/17/15       1,544,828       1,544,828       0.2%                                        
7.15   GACC   Hampton Inn Naperville   01/31/16   9,800,000   08/19/15       1,409,655       1,409,655       0.2%                                        
7.16   GACC   Hilton Garden Inn Rio Rancho   01/31/16   9,600,000   08/10/15       1,390,345       1,390,345       0.2%                                        
7.17   GACC   Courtyard Dalton   01/31/16   8,800,000   08/18/15       1,139,310       1,139,310       0.1%                                        
7.18   GACC   Hampton Inn Alcoa   01/31/16   8,000,000   08/17/15       955,862       955,862       0.1%                                        
7.19   GACC   Homewood Suites Augusta   01/31/16   6,500,000   08/17/15       936,552       936,552       0.1%                                        
7.20   GACC   Residence Inn Jacksonville   01/31/16   6,200,000   08/19/15       868,966       868,966       0.1%                                        
7.21   GACC   Hampton Inn Milford   01/31/16   5,200,000   08/17/15       521,379       521,379       0.1%                                        
8   JPMCB   DoubleTree Houston Intercontinental Airport   03/31/16   64,100,000   12/18/15   69.8%   44,875,000   143,371   44,721,472   142,880   5.0%   No   No   5.30600   0.01634   5.28966   Actual/360   249,360.19   2,992,322.28   01/29/16   03/01/16
9   GACC   One Harbor Point Square   02/01/16   119,200,000   02/01/16   68.8%   41,000,000   326   41,000,000   326   4.6%   No   No   4.69950   0.02223   4.67727   Actual/360   212,629.18   2,551,550.16   04/11/16   06/06/16
10   GACC   High Crossing Portfolio   Various   57,500,000   02/01/16   67.7%   39,000,000   108   38,942,165   107   4.4%   No   No   4.92000   0.01634   4.90366   Actual/360   217,735.03   2,612,820.36   03/18/16   05/06/16
10.01   GACC   CarMax   05/06/16   22,600,000   02/01/16       15,300,000       15,277,311       1.7%                                        
10.02   GACC   2810 Crossroads Drive   03/01/16   8,580,000   02/01/16       5,820,000       5,811,369       0.7%                                        
10.03   GACC   2418 Crossroads Drive   03/01/16   8,200,000   02/01/16       5,565,000       5,556,747       0.6%                                        
10.04   GACC   2310 Crossroads Drive   03/01/16   7,650,000   02/01/16       5,190,000       5,182,303       0.6%                                        
10.05   GACC   5325 Wall Street   03/01/16   3,250,000   02/01/16       2,212,500       2,209,219       0.2%                                        
10.06   GACC   5315 Wall Street   03/01/16   3,000,000   02/01/16       2,025,000       2,021,997       0.2%                                        
10.07   GACC   2601 Crossroads Drive   03/01/16   2,550,000   02/01/16       1,732,500       1,729,931       0.2%                                        
10.08   GACC   2801 Crossroads Drive   03/01/16   1,700,000   02/01/16       1,155,000       1,153,287       0.1%                                        
11   JPMCB   Naples Grande Beach Resort   12/31/15   263,750,000   11/13/15   62.6%   35,000,000   348,101   35,000,000   348,101   3.9%   No   No   4.95000   0.02223   4.92777   Actual/360   186,819.50   2,241,834.00   12/18/15   02/01/16
12   JPMCB   Barrett Lakes Center   03/21/16   50,150,000   12/14/15   68.9%   34,553,000   110   34,553,000   110   3.9%   No   No   4.90000   0.01634   4.88366   Actual/360   183,382.00   2,200,584.00   01/15/16   03/01/16
12.01   JPMCB   Barrett Lakes Center II   03/21/16   18,850,000   12/14/15       12,987,518       12,987,518       1.5%                                        
12.02   JPMCB   Barrett Lakes Center I   03/21/16   16,850,000   12/14/15       11,609,532       11,609,532       1.3%                                        
12.03   JPMCB   Barrett Lakes Center IV   03/21/16   14,450,000   12/14/15       9,955,949       9,955,949       1.1%                                        
13   JPMCB   Saint Germaine Apartments   02/11/16   41,100,000   11/16/15   75.1%   30,854,000   55,895   30,854,000   55,895   3.5%   No   No   4.62300   0.01634   4.60666   Actual/360   158,595.68   1,903,148.16   12/11/15   02/01/16
14   JPMCB   Palisades Center   02/01/16   881,000,000   02/26/16   29.4%   30,000,000   137   30,000,000   137   3.4%   No   No   3.68670   0.01098   3.67572   Actual/360   93,447.48   1,121,369.73   04/07/16   05/09/16
15   GACC   Sun MHC Portfolio   10/01/15   144,100,000   11/20/15   72.2%   29,066,000   26,141   29,066,000   26,141   3.3%   No   No   4.28000   0.01223   4.26777   Actual/360   143,498.19   1,721,978.28   11/24/15   01/01/16
15.01   GACC   Silver Star   10/01/15   32,600,000   10/06/15       6,396,015       6,396,015       0.7%                                        
15.02   GACC   West Glen Village   10/01/15   25,600,000   10/11/15       5,022,637       5,022,637       0.6%                                        
15.03   GACC   Edwardsville   10/01/15   25,260,000   10/07/15       4,935,760       4,935,760       0.6%                                        
15.04   GACC   Sherman Oaks   10/01/15   13,710,000   10/08/15       2,689,858       2,689,858       0.3%                                        
15.05   GACC   College Park Estates   10/01/15   11,790,000   10/08/15       2,313,160       2,313,160       0.3%                                        
15.06   GACC   Snow to Sun   10/01/15   8,210,000   10/07/15       1,610,775       1,610,775       0.2%                                        
15.07   GACC   Casa Del Valle   10/01/15   7,110,000   10/07/15       1,394,959       1,394,959       0.2%                                        
15.08   GACC   Valley View Estates   10/01/15   6,330,000   10/09/15       1,241,926       1,241,926       0.1%                                        
15.09   GACC   Colonial Village   10/01/15   5,420,000   10/09/15       1,063,386       1,063,386       0.1%                                        
15.10   GACC   Village Trails   10/01/15   4,820,000   10/08/15       945,668       945,668       0.1%                                        
15.11   GACC   Maplewood   10/01/15   4,500,000   10/11/15       882,885       882,885       0.1%                                        
15.12   GACC   Kenwood   10/01/15   2,900,000   10/07/15       568,971       568,971       0.1%                                        
16   GACC   Hall Office Park A1/G1/G3   01/05/16   75,700,000   12/14/15   73.8%   27,900,000   170   27,900,000   170   3.1%   No   No   4.69500   0.01223   4.68277   Actual/360   144,616.11   1,735,393.32   12/31/15   02/01/16
16.01   GACC   Hall Office Park G3   01/05/16   27,000,000   12/14/15       9,932,200       9,932,200       1.1%                                        
16.02   GACC   Hall Office Park G1   01/05/16   26,200,000   12/14/15       9,582,826       9,582,826       1.1%                                        
16.03   GACC   Hall Office Park A1   01/05/16   22,500,000   12/14/15       8,384,973       8,384,973       0.9%                                        
17   JPMCB   New Town Collier Portfolio   02/01/16   33,800,000   Various   70.2%   23,750,000   69   23,721,883   69   2.7%   No   No   5.08000   0.03634   5.04366   Actual/360   128,658.86   1,543,906.32   03/08/16   05/01/16
17.01   JPMCB   New Town Commerce Center   02/01/16   19,000,000   12/14/15       12,896,557       12,881,289       1.4%                                        
17.02   JPMCB   Collier Park of Commerce   02/01/16   14,800,000   12/18/15       10,853,443       10,840,594       1.2%                                        
18   GACC   1505 East Warner   04/01/16   32,430,000   07/27/16   70.3%   22,800,000   101   22,800,000   101   2.6%   No   No   4.92000   0.01634   4.90366   Actual/360   121,283.01   1,455,396.12   04/15/16   06/06/16
19   JPMCB   Legends at Kingsville   01/06/16   29,600,000   09/01/15   74.1%   22,000,000   43,651   21,918,874   43,490   2.5%   No   No   4.90000   0.01634   4.88366   Actual/360   116,759.88   1,401,118.56   01/28/16   03/01/16
20   JPMCB   Omni Storage Portfolio   03/18/16   20,800,000   02/24/16   72.1%   15,000,000   8,798   15,000,000   8,798   1.7%   No   No   5.00000   0.01634   4.98366   Actual/360   80,523.24   966,278.88   04/22/16   06/01/16
20.01   JPMCB   Omni 7 Madisonville   03/18/16   6,720,000   02/24/16       4,846,154       4,846,154       0.5%                                        
20.02   JPMCB   Omni 6 Slidell   03/18/16   5,080,000   02/24/16       3,663,462       3,663,462       0.4%                                        
20.03   JPMCB   Omni 5 Ponchatoula   03/18/16   4,500,000   02/24/16       3,245,192       3,245,192       0.4%                                        
20.04   JPMCB   Omni 4 Bay St. Louis   03/18/16   4,500,000   02/24/16       3,245,192       3,245,192       0.4%                                        
21   JPMCB   Hampton Inn Seattle Airport   12/31/15   24,400,000   12/15/15   57.3%   14,000,000   107,692   13,984,091   107,570   1.6%   No   No   5.30000   0.01634   5.28366   Actual/360   77,742.65   932,911.80   03/08/16   05/01/16
22   GACC   Residence Inn Murfreesboro   03/31/16   22,500,000   01/01/16   57.6%   13,000,000   116,071   12,957,855   115,695   1.5%   No   No   4.97000   0.01634   4.95366   Actual/360   75,769.65   909,235.80   02/29/16   04/06/16
23   JPMCB   Hampton Inn Nashville - Bellevue   12/31/15   16,000,000   01/01/16   64.8%   10,400,000   120,930   10,367,268   120,550   1.2%   No   No   5.15000   0.01634   5.13366   Actual/360   61,709.71   740,516.52   02/09/16   04/01/16
24   JPMCB   Bella Vista   02/09/16   12,600,000   01/15/16   77.3%   9,765,000   76,289   9,742,382   76,112   1.1%   No   No   4.90000   0.01634   4.88366   Actual/360   51,825.46   621,905.52   02/26/16   04/01/16
25   JPMCB   Heights Boulevard Portfolio   03/01/16   12,270,000   03/16/16   69.3%   8,500,000   111,842   8,500,000   111,842   1.0%   No   No   4.90000   0.05634   4.84366   Actual/360   45,111.77   541,341.24   04/15/16   06/01/16
25.01   JPMCB   427 West 16th Street   03/01/16   4,750,000   03/16/16       3,290,546       3,290,546       0.4%                                        
25.02   JPMCB   214 West 17th Street   03/01/16   3,580,000   03/16/16       2,480,033       2,480,033       0.3%                                        
25.03   JPMCB   1548 Ashland Street   03/01/16   2,480,000   03/16/16       1,718,011       1,718,011       0.2%                                        
25.04   JPMCB   1222 Heights Boulevard   03/01/16   1,460,000   03/16/16       1,011,410       1,011,410       0.1%                                        
26   GACC   Home2Suites Hilton Lehi   02/29/16   12,500,000   02/01/16   65.0%   8,125,000   78,883   8,125,000   78,883   0.9%   No   No   4.95000   0.08384   4.86616   Actual/360   43,368.81   520,425.72   04/13/16   06/06/16
27   JPMCB   Hampton Inn Carrollton   12/31/15   11,500,000   11/01/15   69.2%   8,000,000   103,896   7,962,060   103,403   0.9%   No   No   4.95000   0.01634   4.93366   Actual/360   42,701.60   512,419.20   12/09/15   02/01/16
28   JPMCB   120 Halsted Street   03/25/16   10,100,000   03/17/16   70.8%   7,150,000   170,238   7,150,000   170,238   0.8%   No   No   4.90000   0.01634   4.88366   Actual/360   37,946.96   455,363.52   04/19/16   06/01/16
29   GACC   21st Century SS Monterey   02/03/16   9,900,000   12/28/15   64.6%   6,400,000   13,278   6,400,000   13,278   0.7%   No   No   5.15000   0.03634   5.11366   Actual/360   42,769.29   513,231.48   04/14/16   06/06/16
30   GACC   333 Market Street (Port of Oakland Industrial)   03/01/16   9,150,000   02/24/16   65.6%   6,000,000   82   6,000,000   82   0.7%   No   No   4.85000   0.09384   4.75616   Actual/360   31,661.51   379,938.12   04/01/16   05/06/16

 

A-1-2
 

 

ANNEX A-1

                                                                     
            Partial IO   Partial IO Loan                           Grace                        
            Last IO   First P&I   Rem.   Rem.   I/O       Payment   Grace Period   Period   Maturity/ARD       Final     Maturity/ARD   Maturity   Prepayment
Loan #   Seller(1)   Property Name   Payment    Payment    Term    Amort   Period   Seasoning   Due Date    (Late Payment)    (Default)   Date(11)   ARD Loan(11)   Mat Date(11)   Balance ($)(5)   LTV %(4)   Provision (Payments)(12)
1   JPMCB   Quaker Bridge Mall           120   0   120   0   1   0   0   05/01/26   No       83,333,333   45.0%   L(24),Def(89),O(7)
2   GACC   787 Seventh Avenue           117   0   120   3   6   5 (Twice per year)   0   02/06/26   No       60,000,000   29.3%   L(27),DeforGrtr1%orYM(86),O(7)
3   JPMCB   100 East Pratt   04/06/21   05/06/21   119   360   60   1   6   0   0   04/06/26   No       55,054,188   53.9%   L(25),Def(91),O(4)
4   JPMCB   Sanofi Office Complex           56   0   60   4   6   0   0   01/06/21   Yes   07/31/26   60,000,000   45.8%   L(28),Def(28),O(4)
5   GACC   Williamsburg Premium Outlets           117   0   120   3   6   5   0   02/06/26   No       50,000,000   54.8%   L(27),Def(86),O(7)
6   JPMCB   Four Penn Center   05/01/21   06/01/21   120   360   60   0   1   5   5   05/01/26   No       44,047,764   68.8%   L(24),Def(92),O(4)
7   GACC   Equity Inns Portfolio           53   0   60   7   6   0   0   10/06/20   No       44,800,000   64.4%   L(26),Gtr1%orYM(30),O(4)
7.01   GACC   Homewood Suites Seattle                                                   8,129,655        
7.02   GACC   Homewood Suites Orlando                                                   3,543,448        
7.03   GACC   Courtyard Carlsbad                                                   2,819,310        
7.04   GACC   Courtyard Houston                                                   2,606,897        
7.05   GACC   Homewood Suites Stratford                                                   2,413,793        
7.06   GACC   Hampton Inn Urbana                                                   2,394,483        
7.07   GACC   Springhill Suites Asheville                                                   2,220,690        
7.08   GACC   Hilton Garden Inn Louisville                                                   2,211,034        
7.09   GACC   Hampton Inn Orlando                                                   2,153,103        
7.10   GACC   Hampton Inn Austin                                                   2,124,138        
7.11   GACC   Hampton Inn College Station                                                   2,027,586        
7.12   GACC   Hampton Inn Indianapolis                                                   1,747,586        
7.13   GACC   TownePlace Suites Savannah                                                   1,641,379        
7.14   GACC   Hampton Inn East Lansing                                                   1,544,828        
7.15   GACC   Hampton Inn Naperville                                                   1,409,655        
7.16   GACC   Hilton Garden Inn Rio Rancho                                                   1,390,345        
7.17   GACC   Courtyard Dalton                                                   1,139,310        
7.18   GACC   Hampton Inn Alcoa                                                   955,862        
7.19   GACC   Homewood Suites Augusta                                                   936,552        
7.20   GACC   Residence Inn Jacksonville                                                   868,966        
7.21   GACC   Hampton Inn Milford                                                   521,379        
8   JPMCB   DoubleTree Houston Intercontinental Airport           117   357   0   3   1   0   2 (Once per year)   02/01/26   No       37,257,364   58.1%   L(25),Grtr1%orYM(92),O(3)
9   GACC   One Harbor Point Square   05/06/17   06/06/17   120   360   12   0   6   0   0   05/06/26   No       34,311,517   57.6%   Grtr1%orYM(24),DeforGrtr1%orYM(93),O(3)
10   GACC   High Crossing Portfolio           119   323   0   1   6   0   0   04/06/26   No       30,383,191   52.8%   L(25),Def(91),O(4)
10.01   GACC   CarMax                                                   11,919,559        
10.02   GACC   2810 Crossroads Drive                                                   4,534,107        
10.03   GACC   2418 Crossroads Drive                                                   4,335,448        
10.04   GACC   2310 Crossroads Drive                                                   4,043,302        
10.05   GACC   5325 Wall Street                                                   1,723,662        
10.06   GACC   5315 Wall Street                                                   1,577,589        
10.07   GACC   2601 Crossroads Drive                                                   1,349,715        
10.08   GACC   2801 Crossroads Drive                                                   899,810        
11   JPMCB   Naples Grande Beach Resort   01/01/18   02/01/18   116   360   24   4   1   0   0   01/01/26   No       30,243,486   54.1%   L(25),Grtr1%orYM(92),O(3)
12   JPMCB   Barrett Lakes Center   02/01/19   03/01/19   117   360   36   3   1   0   0   02/01/26   No       30,518,867   60.9%   L(27),Def(90),O(3)
12.01   JPMCB   Barrett Lakes Center II                                                   11,471,199        
12.02   JPMCB   Barrett Lakes Center I                                                   10,254,096        
12.03   JPMCB   Barrett Lakes Center IV                                                   8,793,572        
13   JPMCB   Saint Germaine Apartments   01/01/21   02/01/21   116   360   60   4   1   0   5 (Twice per year)   01/01/26   No       28,287,914   68.8%   L(25),Grtr1%orYM(91),O(4)
14   JPMCB   Palisades Center           59   0   60   1   9   0   0   04/09/21   No       30,000,000   29.4%   Grtr1%orYM(24),O(36)
15   GACC   Sun MHC Portfolio   12/01/21   01/01/22   115   360   72   5   1   5   5   12/01/25   No       27,061,058   67.2%   L(29),Grtr1%orYM(86),O(5)
15.01   GACC   Silver Star                                                   5,954,824        
15.02   GACC   West Glen Village                                                   4,676,181        
15.03   GACC   Edwardsville                                                   4,595,296        
15.04   GACC   Sherman Oaks                                                   2,504,314        
15.05   GACC   College Park Estates                                                   2,153,601        
15.06   GACC   Snow to Sun                                                   1,499,666        
15.07   GACC   Casa Del Valle                                                   1,298,736        
15.08   GACC   Valley View Estates                                                   1,156,259        
15.09   GACC   Colonial Village                                                   990,035        
15.10   GACC   Village Trails                                                   880,437        
15.11   GACC   Maplewood                                                   821,985        
15.12   GACC   Kenwood                                                   529,724        
16   GACC   Hall Office Park A1/G1/G3   01/01/18   02/01/18   116   360   24   4   1   5   5   01/01/26   No       23,950,238   63.4%   L(35),Def(80),O(5)
16.01   GACC   Hall Office Park G3                                                   8,526,113        
16.02   GACC   Hall Office Park G1                                                   8,226,200        
16.03   GACC   Hall Office Park A1                                                   7,197,925        
17   JPMCB   New Town Collier Portfolio           59   359   0   1   1   0   0   04/01/21   No       21,929,719   64.9%   L(13),Grtr1%orYM(43),O(4)
17.01   JPMCB   New Town Commerce Center                                                   11,908,121        
17.02   JPMCB   Collier Park of Commerce                                                   10,021,598        
18   GACC   1505 East Warner   05/06/18   06/06/18   120   360   24   0   6   0   0   05/06/26   No       19,689,821   60.7%   L(24),Def(91),O(5)
19   JPMCB   Legends at Kingsville           117   357   0   3   1   0   0   02/01/26   No       18,027,426   60.9%   L(25),Grtr1%orYM(92),O(3)
20   JPMCB   Omni Storage Portfolio           120   360   0   0   1   0   0   05/01/26   No       12,332,398   59.3%   L(24),Def(93),O(3)
20.01   JPMCB   Omni 7 Madisonville                                                   3,984,313        
20.02   JPMCB   Omni 6 Slidell                                                   3,011,951        
20.03   JPMCB   Omni 5 Ponchatoula                                                   2,668,067        
20.04   JPMCB   Omni 4 Bay St. Louis                                                   2,668,067        
21   JPMCB   Hampton Inn Seattle Airport           119   359   0   1   1   0   0   04/01/26   No       11,621,131   47.6%   L(25),Def(92),O(3)
22   GACC   Residence Inn Murfreesboro           118   298   0   2   6   0   0   03/06/26   No       9,709,716   43.2%   L(26),Def(90),O(4)
23   JPMCB   Hampton Inn Nashville - Bellevue           118   298   0   2   1   0   0   03/01/26   No       7,818,720   48.9%   L(26),Def(91),O(3)
24   JPMCB   Bella Vista           118   358   0   2   1   0   0   03/01/26   No       8,002,200   63.5%   L(26),Def(91),O(3)
25   JPMCB   Heights Boulevard Portfolio           120   360   0   0   1   0   0   05/01/26   No       6,965,437   56.8%   L(25),Grtr1%orYM(92),O(3)
25.01   JPMCB   427 West 16th Street                                                   2,696,481        
25.02   JPMCB   214 West 17th Street                                                   2,032,296        
25.03   JPMCB   1548 Ashland Street                                                   1,407,847        
25.04   JPMCB   1222 Heights Boulevard                                                   828,813        
26   GACC   Home2Suites Hilton Lehi           120   360   0   0   6   0   0   05/06/26   No       6,669,113   53.4%   L(24),Def(92),O(4)
27   JPMCB   Hampton Inn Carrollton           116   356   0   4   1   0   0   01/01/26   No       6,566,733   57.1%   L(28),Def(89),O(3)
28   JPMCB   120 Halsted Street   05/01/19   06/01/19   120   360   36   0   1   0   0   05/01/26   No       6,316,426   62.5%   L(24),Def(92),O(4)
29   GACC   21st Century SS Monterey           240   240   0   0   6   0   0   05/06/36   No       114,088   1.2%   L(24),Def(212),O(4)
30   GACC   333 Market Street (Port of Oakland Industrial)   04/06/21   05/06/21   119   360   60   1   6   0   0   04/06/26   No       5,520,876   60.3%   L(25),Def(91),O(4)

 

A-1-3
 

 

ANNEX A-1

 

            HISTORICAL FINANCIALS(13)                
                                                                UW            
            2013   2013   2013   2014   2014   2014   2015   2015   2015   Most Recent   Most Recent   Most Recent       Economic   UW   UW Total   UW
Loan #   Seller(1)   Property Name   Revenues ($)   Total Expenses ($)   NOI ($)   Revenues ($)   Total Expenses ($)   NOI ($)   Revenues ($)   Total Expenses ($)   NOI ($)    Revenues ($)    Total Expenses ($)    NOI ($)   As of   Occupancy %   Revenues ($)(3)   Expenses ($)   NOI ($)(3)(14)
1   JPMCB   Quaker Bridge Mall   19,702,604   9,072,318   10,630,286   24,202,450   11,399,333   12,803,117   25,189,142   11,031,053   14,158,089                   92.2%   26,178,278   10,914,624   15,263,654
2   GACC   787 Seventh Avenue   127,304,104   52,020,584   75,283,519   126,921,995   55,469,720   71,452,276   140,794,576   60,207,958   80,586,618                   95.6%   143,136,494   60,522,553   82,613,941
3   JPMCB   100 East Pratt   27,309,331   11,839,424   15,469,907   26,090,048   12,093,106   13,996,942   26,954,931   12,004,504   14,950,426   26,764,228   11,827,676   14,936,552   02/29/16   92.5%   25,662,031   11,861,769   13,800,262
4   JPMCB   Sanofi Office Complex               18,777,401   563,322   18,214,079   18,778,333   563,350   18,214,983                   95.0%   17,336,962   520,109   16,816,853
5   GACC   Williamsburg Premium Outlets   24,802,246   5,159,412   19,642,834   26,560,402   5,848,491   20,711,911   27,342,048   5,297,476   22,044,572                   93.2%   27,001,994   5,877,418   21,124,575
6   JPMCB   Four Penn Center   12,477,029   6,021,206   6,455,823   12,465,807   5,257,582   7,208,225   12,428,480   5,182,952   7,245,528   12,440,422   5,201,264   7,239,158   02/29/16   85.2%   12,933,695   5,269,438   7,664,258
7   GACC   Equity Inns Portfolio   78,328,375   50,981,127   27,347,248   82,802,871   52,725,736   30,077,135   89,585,520   58,786,653   30,798,866   89,013,820   58,668,494   30,345,327   01/31/16   76.0%   89,013,820   58,668,494   30,345,327
7.01   GACC   Homewood Suites Seattle   7,953,044   4,027,501   3,925,543   9,110,662   4,346,617   4,764,045   9,844,976   4,879,695   4,965,281   9,782,316   4,857,436   4,924,880   01/31/16   88.2%   9,782,316   4,857,436   4,924,880
7.02   GACC   Homewood Suites Orlando   7,623,501   5,544,041   2,079,460   7,343,829   5,469,631   1,874,198   9,298,311   6,332,047   2,966,263   9,283,467   6,367,740   2,915,727   01/31/16   85.7%   9,283,467   6,367,740   2,915,727
7.03   GACC   Courtyard Carlsbad   4,878,776   3,322,802   1,555,974   5,290,027   3,470,323   1,819,704   5,571,196   3,724,046   1,847,150   5,513,458   3,707,583   1,805,875   01/31/16   73.7%   5,513,458   3,707,583   1,805,875
7.04   GACC   Courtyard Houston   6,005,150   3,671,066   2,334,083   5,977,581   3,570,607   2,406,973   5,032,997   3,572,412   1,460,586   4,794,780   3,493,293   1,301,487   01/31/16   53.0%   4,794,780   3,493,293   1,301,487
7.05   GACC   Homewood Suites Stratford   4,870,147   3,513,462   1,356,685   3,981,884   2,707,196   1,274,688   5,088,377   3,585,831   1,502,546   5,175,160   3,638,006   1,537,154   01/31/16   79.0%   5,175,160   3,638,006   1,537,154
7.06   GACC   Hampton Inn Urbana   4,199,219   2,298,203   1,901,016   4,346,857   2,335,303   2,011,554   4,187,958   2,550,993   1,636,965   4,100,342   2,511,273   1,589,069   01/31/16   68.8%   4,100,342   2,511,273   1,589,069
7.07   GACC   Springhill Suites Asheville   2,742,070   1,483,884   1,258,186   2,895,310   1,528,871   1,366,439   3,400,800   1,863,515   1,537,284   3,417,425   1,872,995   1,544,431   01/31/16   75.5%   3,417,425   1,872,995   1,544,431
7.08   GACC   Hilton Garden Inn Louisville   3,318,817   1,975,294   1,343,523   3,767,236   2,236,143   1,531,093   4,118,779   2,627,049   1,491,730   4,137,688   2,643,101   1,494,587   01/31/16   75.8%   4,137,688   2,643,101   1,494,587
7.09   GACC   Hampton Inn Orlando   4,173,205   3,010,211   1,162,993   4,688,699   3,312,275   1,376,424   5,026,451   3,532,360   1,494,091   5,113,458   3,541,709   1,571,749   01/31/16   81.9%   5,113,458   3,541,709   1,571,749
7.10   GACC   Hampton Inn Austin   3,349,149   2,132,939   1,216,210   3,550,282   2,231,667   1,318,616   3,983,759   2,526,310   1,457,450   3,994,763   2,527,064   1,467,699   01/31/16   74.2%   3,994,763   2,527,064   1,467,699
7.11   GACC   Hampton Inn College Station   3,750,664   2,360,530   1,390,133   4,363,868   2,638,993   1,724,875   4,013,147   2,543,952   1,469,195   3,933,894   2,524,090   1,409,804   01/31/16   67.6%   3,933,894   2,524,090   1,409,804
7.12   GACC   Hampton Inn Indianapolis   2,819,186   2,011,012   808,174   3,375,772   2,214,349   1,161,423   3,843,974   2,477,671   1,366,303   3,844,185   2,470,519   1,373,666   01/31/16   77.7%   3,844,185   2,470,519   1,373,666
7.13   GACC   TownePlace Suites Savannah   1,878,363   1,162,564   715,800   2,251,693   1,259,578   992,115   2,788,565   1,566,406   1,222,159   2,744,237   1,561,323   1,182,914   01/31/16   88.3%   2,744,237   1,561,323   1,182,914
7.14   GACC   Hampton Inn East Lansing   2,985,229   1,784,784   1,200,445   3,077,502   1,861,234   1,216,267   3,181,842   1,979,841   1,202,001   3,170,237   1,972,669   1,197,568   01/31/16   79.5%   3,170,237   1,972,669   1,197,568
7.15   GACC   Hampton Inn Naperville   3,004,217   2,010,965   993,252   3,221,059   2,245,205   975,854   3,576,949   2,407,712   1,169,238   3,574,213   2,423,081   1,151,132   01/31/16   71.1%   3,574,213   2,423,081   1,151,132
7.16   GACC   Hilton Garden Inn Rio Rancho   2,843,844   1,950,114   893,730   2,983,525   2,050,453   933,072   3,416,038   2,494,489   921,549   3,417,119   2,500,971   916,148   01/31/16   73.8%   3,417,119   2,500,971   916,148
7.17   GACC   Courtyard Dalton   2,219,835   1,469,140   750,696   2,341,811   1,546,844   794,967   2,614,257   1,836,509   777,748   2,552,059   1,790,132   761,928   01/31/16   73.5%   2,552,059   1,790,132   761,928
7.18   GACC   Hampton Inn Alcoa   2,582,379   1,825,293   757,087   2,580,652   1,926,109   654,543   2,659,662   2,035,067   624,594   2,670,541   2,044,021   626,519   01/31/16   82.5%   2,670,541   2,044,021   626,519
7.19   GACC   Homewood Suites Augusta   2,175,403   1,502,680   672,724   2,402,709   1,607,550   795,159   2,321,254   1,664,442   656,812   2,213,869   1,625,789   588,080   01/31/16   73.9%   2,213,869   1,625,789   588,080
7.20   GACC   Residence Inn Jacksonville   1,978,909   1,466,475   512,435   2,235,022   1,598,696   636,326   2,332,289   1,727,074   605,214   2,302,667   1,730,695   571,972   01/31/16   80.7%   2,302,667   1,730,695   571,972
7.21   GACC   Hampton Inn Milford   2,977,267   2,458,167   519,099   3,016,890   2,568,090   448,800   3,283,939   2,859,232   424,707   3,277,944   2,865,005   412,939   01/31/16   72.1%   3,277,944   2,865,005   412,939
8   JPMCB   DoubleTree Houston Intercontinental Airport   15,668,412   11,121,391   4,547,021   17,562,891   12,042,202   5,520,689   17,235,738   12,026,208   5,209,530   17,038,178   11,953,705   5,084,473   03/31/16   80.0%   16,053,456   11,508,074   4,545,382
9   GACC   One Harbor Point Square   3,639,297   3,552,591   86,706   3,656,283   3,395,447   260,836   4,569,928   4,125,023   444,905                   91.1%   13,227,054   4,741,524   8,485,530
10   GACC   High Crossing Portfolio   6,237,310   2,619,200   3,618,110   6,562,049   2,650,665   3,911,384   6,649,289   2,633,236   4,016,053                   88.0%   7,138,687   2,844,071   4,294,616
10.01   GACC   CarMax   1,460,714   0   1,460,714   1,558,578   0   1,558,578   1,558,578   2,495   1,556,083                   95.0%   1,505,628   60,225   1,445,403
10.02   GACC   2810 Crossroads Drive                                                                    
10.03   GACC   2418 Crossroads Drive                                                                    
10.04   GACC   2310 Crossroads Drive                                                                    
10.05   GACC   5325 Wall Street                                                                    
10.06   GACC   5315 Wall Street                                                                    
10.07   GACC   2601 Crossroads Drive                                                                    
10.08   GACC   2801 Crossroads Drive                                                                    
11   JPMCB   Naples Grande Beach Resort   52,247,854   40,680,144   11,567,710   52,430,565   41,714,506   10,716,059   60,893,816   42,567,976   18,325,840                   69.9%   59,695,441   42,496,139   17,199,302
12   JPMCB   Barrett Lakes Center   3,822,974   2,169,780   1,653,194   4,093,626   2,275,204   1,818,422   3,981,658   2,487,513   1,494,145                   88.8%   5,963,049   2,608,193   3,354,856
12.01   JPMCB   Barrett Lakes Center II   1,423,649   805,533   618,116   1,465,093   889,190   575,903   1,725,633   1,023,975   701,658                   87.2%   2,329,502   1,077,562   1,251,940
12.02   JPMCB   Barrett Lakes Center I   1,343,612   793,116   550,496   1,736,917   879,877   857,040   2,138,901   1,056,557   1,082,344                   87.2%   2,293,886   1,083,551   1,210,335
12.03   JPMCB   Barrett Lakes Center IV   1,055,713   571,131   484,582   891,616   506,137   385,479   117,124   406,981   -289,857                   95.0%   1,339,661   447,080   892,581
13   JPMCB   Saint Germaine Apartments   4,489,839   1,812,640   2,677,199   4,604,870   1,805,752   2,799,118   4,710,465   1,826,667   2,883,798   4,702,225   1,828,090   2,874,135   01/31/16   90.0%   4,713,288   1,845,908   2,867,380
14   JPMCB   Palisades Center   89,588,108   38,853,647   50,734,462   82,854,163   34,919,834   47,934,329   76,054,405   34,805,553   41,248,852   76,941,037   35,214,741   41,726,296   02/29/16   97.0%   80,691,753   33,675,158   47,016,595
15   GACC   Sun MHC Portfolio   14,304,640   5,738,270   8,566,370   15,093,413   5,893,001   9,200,412   15,744,020   5,774,884   9,969,136                   84.6%   15,793,850   6,475,864   9,317,986
15.01   GACC   Silver Star   2,389,309   684,108   1,705,201   2,487,518   684,915   1,802,603   2,605,215   676,617   1,928,597                   98.7%   2,654,083   679,856   1,974,226
15.02   GACC   West Glen Village   2,186,776   803,385   1,383,391   2,378,374   835,389   1,542,985   2,782,524   823,733   1,958,791                   81.2%   2,494,486   867,323   1,627,163
15.03   GACC   Edwardsville   2,242,420   828,904   1,413,516   2,495,511   875,093   1,620,418   2,576,127   881,870   1,694,257                   77.3%   2,601,226   893,897   1,707,329
15.04   GACC   Sherman Oaks   1,339,606   502,618   836,988   1,348,591   506,723   841,868   1,411,842   489,585   922,257                   74.7%   1,437,490   578,181   859,309
15.05   GACC   College Park Estates   1,022,179   405,738   616,441   1,125,343   424,310   701,033   1,263,733   401,621   862,112                   94.6%   1,327,438   514,934   812,504
15.06   GACC   Snow to Sun   1,229,978   573,662   656,316   1,251,841   520,975   730,866   1,203,382   528,550   674,832                   95.0%   1,250,705   705,296   545,409
15.07   GACC   Casa Del Valle   1,142,881   589,185   553,696   1,180,950   600,510   580,440   1,094,757   656,238   438,519                   95.3%   1,163,027   785,875   377,151
15.08   GACC   Valley View Estates   703,093   306,646   396,447   723,357   293,686   429,671   748,271   367,997   380,274                   87.3%   754,667   345,506   409,161
15.09   GACC   Colonial Village   544,075   256,287   287,788   560,289   245,330   314,959   584,116   149,595   434,520                   90.1%   600,335   233,890   366,445
15.10   GACC   Village Trails   448,206   161,008   287,198   434,393   159,082   275,311   471,183   153,061   318,123                   98.9%   458,749   171,602   287,146
15.11   GACC   Maplewood   623,034   292,864   330,170   644,039   336,669   307,370   573,820   277,968   295,853                   58.5%   591,716   298,181   293,535
15.12   GACC   Kenwood   433,083   333,865   99,218   463,207   410,319   52,888   429,051   368,049   61,001                   93.0%   459,930   401,323   58,606
16   GACC   Hall Office Park A1/G1/G3   6,755,490   2,800,131   3,955,359   5,452,963   2,913,872   2,539,091   6,295,260   2,982,491   3,312,769                   91.7%   8,350,308   3,219,401   5,130,907
16.01   GACC   Hall Office Park G3                                                                    
16.02   GACC   Hall Office Park G1                                                                    
16.03   GACC   Hall Office Park A1                                                                    
17   JPMCB   New Town Collier Portfolio   3,519,378   1,529,876   1,989,502   3,529,963   1,555,504   1,974,459   3,946,485   1,688,600   2,257,885                   84.8%   4,023,337   1,719,041   2,304,296
17.01   JPMCB   New Town Commerce Center   1,776,821   703,202   1,073,620   1,935,747   723,614   1,212,134   1,996,524   852,529   1,143,995                   95.0%   2,103,309   852,047   1,251,262
17.02   JPMCB   Collier Park of Commerce   1,742,557   826,674   915,883   1,594,216   831,890   762,326   1,949,961   836,071   1,113,890                   75.9%   1,920,028   866,994   1,053,034
18   GACC   1505 East Warner   3,202,889   789,834   2,413,054   3,268,390   874,285   2,394,105   3,527,204   970,717   2,556,487                   95.0%   2,834,001   896,933   1,937,068
19   JPMCB   Legends at Kingsville                                       3,566,242   1,517,054   2,049,187   01/31/16   93.9%   3,662,854   1,805,960   1,856,894
20   JPMCB   Omni Storage Portfolio   2,002,798   875,568   1,127,230   2,141,919   912,414   1,229,505   2,251,587   964,239   1,287,348                   70.5%   2,251,587   973,174   1,278,413
20.01   JPMCB   Omni 7 Madisonville   582,785   219,984   362,802   645,218   250,752   394,466   686,296   255,930   430,367                   71.2%   686,296   262,947   423,349
20.02   JPMCB   Omni 6 Slidell   506,303   239,139   267,164   513,528   219,407   294,122   538,052   235,702   302,350                   70.9%   538,052   237,985   300,067
20.03   JPMCB   Omni 5 Ponchatoula   468,331   186,717   281,614   496,809   191,802   305,007   489,684   205,169   284,515                   69.6%   489,684   202,550   287,134
20.04   JPMCB   Omni 4 Bay St. Louis   445,379   229,728   215,651   486,364   250,453   235,910   537,555   267,439   270,117                   70.1%   537,555   269,692   267,863
21   JPMCB   Hampton Inn Seattle Airport   3,748,116   2,546,987   1,201,129   4,352,989   2,833,519   1,519,470   4,927,533   2,861,682   2,065,852                   77.8%   4,927,533   3,021,102   1,906,431
22   GACC   Residence Inn Murfreesboro                                       4,447,098   2,290,213   2,156,885   03/31/16   79.2%   4,434,947   2,303,399   2,131,549
23   JPMCB   Hampton Inn Nashville - Bellevue   2,959,728   1,769,738   1,189,990   3,470,663   2,005,488   1,465,175   3,451,410   1,987,910   1,463,500                   83.5%   3,470,663   2,116,812   1,353,851
24   JPMCB   Bella Vista                           1,172,796   525,447   647,349                   91.5%   1,343,089   550,495   792,594
25   JPMCB   Heights Boulevard Portfolio   617,331   454,040   163,291   972,140   401,497   570,642   1,083,778   341,181   742,598   1,086,465   336,990   749,475   02/29/16   92.3%   1,084,774   379,114   705,661
25.01   JPMCB   427 West 16th Street   259,550   221,181   38,369   384,104   123,285   260,819   409,182   122,874   286,308   407,654   120,811   286,843   02/29/16   93.4%   411,074   129,031   282,043
25.02   JPMCB   214 West 17th Street   276,882   116,819   160,063   296,417   96,393   200,024   315,764   99,318   216,447   317,658   97,090   220,568   02/29/16   95.0%   319,045   100,881   218,164
25.03   JPMCB   1548 Ashland Street   6,441   64,172   -57,730   163,148   102,247   60,901   235,076   80,563   154,513   233,215   80,935   152,280   02/29/16   86.9%   219,368   95,524   123,844
25.04   JPMCB   1222 Heights Boulevard   74,458   51,868   22,590   128,471   79,572   48,899   123,756   38,426   85,330   127,938   38,154   89,784   02/29/16   91.6%   135,288   53,679   81,609
26   GACC   Home2Suites Hilton Lehi                           2,883,710   1,685,772   1,197,938   3,068,442   1,741,291   1,327,151   02/29/16   78.4%   3,068,442   1,806,333   1,262,109
27   JPMCB   Hampton Inn Carrollton   2,062,423   1,310,352   752,071   2,294,641   1,368,199   926,442   2,446,012   1,471,415   974,597                   76.1%   2,446,012   1,469,903   976,109
28   JPMCB   120 Halsted Street                                       777,900   170,388   607,512   04/30/16   95.0%   776,145   201,469   574,676
29   GACC   21st Century SS Monterey               812,429   313,896   498,533   1,018,380   324,078   694,302   1,067,722   331,726   735,996   02/29/16   87.6%   1,068,430   375,785   692,644
30   GACC   333 Market Street (Port of Oakland Industrial)   680,526   143,705   536,820   680,894   142,722   538,172   691,397   150,941   540,456                   95.0%   693,124   148,197   544,927

 

A-1-4
 

 

ANNEX A-1

                                         
                                         
            UW Capital   UW   UW   UW NCF   UW NOI   UW NCF       Ground Lease
Loan #   Seller(1)   Property Name    Items ($)(14)   NCF ($)(3)(14)    NOI DSCR(15)   DSCR(15)   Debt Yield %    Debt Yield %   Title Type(16)    Expiration(16)(17)
1   JPMCB   Quaker Bridge Mall   641,205   14,622,449   2.39   2.29   10.2%   9.7%   Fee    
2   GACC   787 Seventh Avenue   4,800,773   77,813,168   3.75   3.53   14.6%   13.7%   Fee    
3   JPMCB   100 East Pratt   1,148,545   12,651,717   2.02   1.85   12.5%   11.5%   Fee    
4   JPMCB   Sanofi Office Complex   47,203   16,769,651   2.61   2.60   13.5%   13.4%   Fee    
5   GACC   Williamsburg Premium Outlets   1,148,197   19,976,379   2.66   2.52   11.4%   10.8%   Fee    
6   JPMCB   Four Penn Center   1,260,378   6,403,880   1.79   1.50   11.1%   9.3%   Fee    
7   GACC   Equity Inns Portfolio   3,560,553   26,784,774   2.60   2.30   13.1%   11.5%   Fee    
7.01   GACC   Homewood Suites Seattle   391,293   4,533,587                   Fee    
7.02   GACC   Homewood Suites Orlando   371,339   2,544,388                   Fee    
7.03   GACC   Courtyard Carlsbad   220,538   1,585,337                   Fee    
7.04   GACC   Courtyard Houston   191,791   1,109,696                   Fee    
7.05   GACC   Homewood Suites Stratford   207,006   1,330,148                   Fee    
7.06   GACC   Hampton Inn Urbana   164,014   1,425,055                   Fee    
7.07   GACC   Springhill Suites Asheville   136,697   1,407,734                   Fee    
7.08   GACC   Hilton Garden Inn Louisville   165,508   1,329,080                   Fee    
7.09   GACC   Hampton Inn Orlando   204,538   1,367,210                   Fee    
7.10   GACC   Hampton Inn Austin   159,791   1,307,909                   Fee    
7.11   GACC   Hampton Inn College Station   157,356   1,252,448                   Fee    
7.12   GACC   Hampton Inn Indianapolis   153,767   1,219,898                   Fee    
7.13   GACC   TownePlace Suites Savannah   109,769   1,073,144                   Fee    
7.14   GACC   Hampton Inn East Lansing   126,809   1,070,758                   Fee    
7.15   GACC   Hampton Inn Naperville   142,969   1,008,164                   Fee    
7.16   GACC   Hilton Garden Inn Rio Rancho   136,685   779,463                   Fee    
7.17   GACC   Courtyard Dalton   102,082   659,845                   Fee    
7.18   GACC   Hampton Inn Alcoa   106,822   519,698                   Fee    
7.19   GACC   Homewood Suites Augusta   88,555   499,525                   Fee    
7.20   GACC   Residence Inn Jacksonville   92,107   479,865                   Fee    
7.21   GACC   Hampton Inn Milford   131,118   281,822                   Fee    
8   JPMCB   DoubleTree Houston Intercontinental Airport   0   4,545,382   1.52   1.52   10.2%   10.2%   Fee    
9   GACC   One Harbor Point Square   592,557   7,892,973   1.66   1.55   10.3%   9.6%   Fee    
10   GACC   High Crossing Portfolio   505,620   3,788,996   1.64   1.45   11.0%   9.7%   Fee    
10.01   GACC   CarMax   85,002   1,360,401                   Fee    
10.02   GACC   2810 Crossroads Drive                           Fee    
10.03   GACC   2418 Crossroads Drive                           Fee    
10.04   GACC   2310 Crossroads Drive                           Fee    
10.05   GACC   5325 Wall Street                           Fee    
10.06   GACC   5315 Wall Street                           Fee    
10.07   GACC   2601 Crossroads Drive                           Fee    
10.08   GACC   2801 Crossroads Drive                           Fee    
11   JPMCB   Naples Grande Beach Resort   0   17,199,302   1.63   1.63   10.4%   10.4%   Fee    
12   JPMCB   Barrett Lakes Center   377,449   2,977,407   1.52   1.35   9.7%   8.6%   Fee    
12.01   JPMCB   Barrett Lakes Center II   142,022   1,109,917                   Fee    
12.02   JPMCB   Barrett Lakes Center I   140,432   1,069,903                   Fee    
12.03   JPMCB   Barrett Lakes Center IV   94,994   797,586                   Fee    
13   JPMCB   Saint Germaine Apartments   138,000   2,729,380   1.51   1.43   9.3%   8.8%   Fee    
14   JPMCB   Palisades Center   2,258,310   44,758,285   4.85   4.62   18.1%   17.3%   Fee/Leasehold   Estate of Ned A. Besso and Barvan Corp.: 9/30/2065; Bobby Lane Properties, LLC: 7/31/2094; Joseph Miele and Gloria Miele: 3/31/2096; Queens Comic’s Stop, Ltd.: 12/31/2046, Fully Extended: 12/31/2066
15   GACC   Sun MHC Portfolio   33,763   9,284,223   1.51   1.51   9.0%   8.9%   Fee    
15.01   GACC   Silver Star   6,213   1,968,014                   Fee    
15.02   GACC   West Glen Village   3,041   1,624,123                   Fee    
15.03   GACC   Edwardsville   2,721   1,704,609                   Fee    
15.04   GACC   Sherman Oaks   2,464   856,845                   Fee    
15.05   GACC   College Park Estates   1,408   811,096                   Fee    
15.06   GACC   Snow to Sun   4,516   540,893                   Fee    
15.07   GACC   Casa Del Valle   5,293   371,858                   Fee    
15.08   GACC   Valley View Estates   965   408,197                   Fee    
15.09   GACC   Colonial Village   1,146   365,299                   Fee    
15.10   GACC   Village Trails   1,194   285,953                   Fee    
15.11   GACC   Maplewood   2,661   290,874                   Fee    
15.12   GACC   Kenwood   2,142   56,464                   Fee    
16   GACC   Hall Office Park A1/G1/G3   242,875   4,888,032   1.48   1.41   9.2%   8.7%   Fee    
16.01   GACC   Hall Office Park G3                           Fee    
16.02   GACC   Hall Office Park G1                           Fee    
16.03   GACC   Hall Office Park A1                           Fee    
17   JPMCB   New Town Collier Portfolio   291,420   2,012,875   1.49   1.30   9.7%   8.5%   Fee    
17.01   JPMCB   New Town Commerce Center   109,817   1,141,445                   Fee    
17.02   JPMCB   Collier Park of Commerce   181,603   871,431                   Fee    
18   GACC   1505 East Warner   66,504   1,870,564   1.33   1.29   8.5%   8.2%   Fee    
19   JPMCB   Legends at Kingsville   75,600   1,781,294   1.33   1.27   8.5%   8.1%   Fee    
20   JPMCB   Omni Storage Portfolio   25,214   1,253,200   1.32   1.30   8.5%   8.4%   Fee    
20.01   JPMCB   Omni 7 Madisonville   6,335   417,014                   Fee    
20.02   JPMCB   Omni 6 Slidell   5,103   294,964                   Fee    
20.03   JPMCB   Omni 5 Ponchatoula   7,630   279,504                   Fee    
20.04   JPMCB   Omni 4 Bay St. Louis   6,147   261,717                   Fee    
21   JPMCB   Hampton Inn Seattle Airport   0   1,906,431   2.04   2.04   13.6%   13.6%   Fee    
22   GACC   Residence Inn Murfreesboro   177,398   1,954,151   2.34   2.15   16.4%   15.1%   Fee    
23   JPMCB   Hampton Inn Nashville - Bellevue   0   1,353,851   1.83   1.83   13.1%   13.1%   Fee    
24   JPMCB   Bella Vista   25,600   766,994   1.27   1.23   8.1%   7.9%   Fee    
25   JPMCB   Heights Boulevard Portfolio   15,200   690,461   1.30   1.28   8.3%   8.1%   Fee    
25.01   JPMCB   427 West 16th Street   5,600   276,443                   Fee    
25.02   JPMCB   214 West 17th Street   4,400   213,764                   Fee    
25.03   JPMCB   1548 Ashland Street   3,200   120,644                   Fee    
25.04   JPMCB   1222 Heights Boulevard   2,000   79,609                   Fee    
26   GACC   Home2Suites Hilton Lehi   122,738   1,139,372   2.43   2.19   15.5%   14.0%   Fee    
27   JPMCB   Hampton Inn Carrollton   0   976,109   1.90   1.90   12.3%   12.3%   Fee    
28   JPMCB   120 Halsted Street   8,400   566,276   1.26   1.24   8.0%   7.9%   Fee    
29   GACC   21st Century SS Monterey   9,246   683,398   1.35   1.33   10.8%   10.7%   Leasehold   05/31/46
30   GACC   333 Market Street (Port of Oakland Industrial)   32,532   512,395   1.43   1.35   9.1%   8.5%   Fee    

 

A-1-5
 

 

ANNEX A-1 

             
             
            Ground Lease
Loan #   Seller(1)   Property Name    Extension Terms
1   JPMCB   Quaker Bridge Mall    
2   GACC   787 Seventh Avenue    
3   JPMCB   100 East Pratt    
4   JPMCB   Sanofi Office Complex    
5   GACC   Williamsburg Premium Outlets    
6   JPMCB   Four Penn Center    
7   GACC   Equity Inns Portfolio    
7.01   GACC   Homewood Suites Seattle    
7.02   GACC   Homewood Suites Orlando    
7.03   GACC   Courtyard Carlsbad    
7.04   GACC   Courtyard Houston    
7.05   GACC   Homewood Suites Stratford    
7.06   GACC   Hampton Inn Urbana    
7.07   GACC   Springhill Suites Asheville    
7.08   GACC   Hilton Garden Inn Louisville    
7.09   GACC   Hampton Inn Orlando    
7.10   GACC   Hampton Inn Austin    
7.11   GACC   Hampton Inn College Station    
7.12   GACC   Hampton Inn Indianapolis    
7.13   GACC   TownePlace Suites Savannah    
7.14   GACC   Hampton Inn East Lansing    
7.15   GACC   Hampton Inn Naperville    
7.16   GACC   Hilton Garden Inn Rio Rancho    
7.17   GACC   Courtyard Dalton    
7.18   GACC   Hampton Inn Alcoa    
7.19   GACC   Homewood Suites Augusta    
7.20   GACC   Residence Inn Jacksonville    
7.21   GACC   Hampton Inn Milford    
8   JPMCB   DoubleTree Houston Intercontinental Airport    
9   GACC   One Harbor Point Square    
10   GACC   High Crossing Portfolio    
10.01   GACC   CarMax    
10.02   GACC   2810 Crossroads Drive    
10.03   GACC   2418 Crossroads Drive    
10.04   GACC   2310 Crossroads Drive    
10.05   GACC   5325 Wall Street    
10.06   GACC   5315 Wall Street    
10.07   GACC   2601 Crossroads Drive    
10.08   GACC   2801 Crossroads Drive    
11   JPMCB   Naples Grande Beach Resort    
12   JPMCB   Barrett Lakes Center    
12.01   JPMCB   Barrett Lakes Center II    
12.02   JPMCB   Barrett Lakes Center I    
12.03   JPMCB   Barrett Lakes Center IV    
13   JPMCB   Saint Germaine Apartments    
14   JPMCB   Palisades Center   Estate of Ned A. Besso and Barvan Corp.: None; Bobby Lane Properties, LLC: None; Joseph Miele and Gloria Miele: None; Queens Comic’s Stop, Ltd.: One, 20-year option
15   GACC   Sun MHC Portfolio    
15.01   GACC   Silver Star    
15.02   GACC   West Glen Village    
15.03   GACC   Edwardsville    
15.04   GACC   Sherman Oaks    
15.05   GACC   College Park Estates    
15.06   GACC   Snow to Sun    
15.07   GACC   Casa Del Valle    
15.08   GACC   Valley View Estates    
15.09   GACC   Colonial Village    
15.10   GACC   Village Trails    
15.11   GACC   Maplewood    
15.12   GACC   Kenwood    
16   GACC   Hall Office Park A1/G1/G3    
16.01   GACC   Hall Office Park G3    
16.02   GACC   Hall Office Park G1    
16.03   GACC   Hall Office Park A1    
17   JPMCB   New Town Collier Portfolio    
17.01   JPMCB   New Town Commerce Center    
17.02   JPMCB   Collier Park of Commerce    
18   GACC   1505 East Warner    
19   JPMCB   Legends at Kingsville    
20   JPMCB   Omni Storage Portfolio    
20.01   JPMCB   Omni 7 Madisonville    
20.02   JPMCB   Omni 6 Slidell    
20.03   JPMCB   Omni 5 Ponchatoula    
20.04   JPMCB   Omni 4 Bay St. Louis    
21   JPMCB   Hampton Inn Seattle Airport    
22   GACC   Residence Inn Murfreesboro    
23   JPMCB   Hampton Inn Nashville - Bellevue    
24   JPMCB   Bella Vista    
25   JPMCB   Heights Boulevard Portfolio    
25.01   JPMCB   427 West 16th Street    
25.02   JPMCB   214 West 17th Street    
25.03   JPMCB   1548 Ashland Street    
25.04   JPMCB   1222 Heights Boulevard    
26   GACC   Home2Suites Hilton Lehi    
27   JPMCB   Hampton Inn Carrollton    
28   JPMCB   120 Halsted Street    
29   GACC   21st Century SS Monterey    
30   GACC   333 Market Street (Port of Oakland Industrial)    

 

A-1-6
 

 

ANNEX A-1

 

                UPFRONT ESCROW(18)
                                                 
                Upfront Capex   Upfront Engin.   Upfront Envir.   Upfront TI/LC   Upfront RE Tax   Upfront Ins.   Upfront Debt Service   Upfront Other   Other Upfront 
Loan #   Seller(1)   Property Name   PML %   Reserve ($)   Reserve ($)    Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Description ($)
1   JPMCB   Quaker Bridge Mall       0   0   0   38,699   0   0   0   0    
2   GACC   787 Seventh Avenue       0   0   0   19,542,565   0   0   0   30,565,388   Prepaid Rent Reserve: 29,427,303.63; Rent Support Reserve: 1,138,084.58
3   JPMCB   100 East Pratt       1,201,053   0   0   0   3,571,156   44,100   0   17,552,053   Outstanding TI/LC Reserve: 13,769,268; Free Rent Reserve: 3,782,785.36
4   JPMCB   Sanofi Office Complex       0   0   0   0   0   0   0   0    
5   GACC   Williamsburg Premium Outlets       0   0   0   0   0   0   0   0    
6   JPMCB   Four Penn Center       8,710   0   0   0   292,298   0   0   0    
7   GACC   Equity Inns Portfolio   Various   0   160,928   0   0   890,215   0   0   10,000,000   PIP Reserve
7.01   GACC   Homewood Suites Seattle   17%                                    
7.02   GACC   Homewood Suites Orlando                                        
7.03   GACC   Courtyard Carlsbad   9%                                    
7.04   GACC   Courtyard Houston                                        
7.05   GACC   Homewood Suites Stratford                                        
7.06   GACC   Hampton Inn Urbana                                        
7.07   GACC   Springhill Suites Asheville                                        
7.08   GACC   Hilton Garden Inn Louisville                                        
7.09   GACC   Hampton Inn Orlando                                        
7.10   GACC   Hampton Inn Austin                                        
7.11   GACC   Hampton Inn College Station                                        
7.12   GACC   Hampton Inn Indianapolis                                        
7.13   GACC   TownePlace Suites Savannah                                        
7.14   GACC   Hampton Inn East Lansing                                        
7.15   GACC   Hampton Inn Naperville                                        
7.16   GACC   Hilton Garden Inn Rio Rancho                                        
7.17   GACC   Courtyard Dalton                                        
7.18   GACC   Hampton Inn Alcoa                                        
7.19   GACC   Homewood Suites Augusta                                        
7.20   GACC   Residence Inn Jacksonville                                        
7.21   GACC   Hampton Inn Milford                                        
8   JPMCB   DoubleTree Houston Intercontinental Airport       0   0   0   0   0   0   0   6,230,000   PIP Reserve: 5,980,000; Liquor License Reserve: 250,000
9   GACC   One Harbor Point Square       0   0   0   0   718,539   30,763   0   20,165,432   Unfunded Obligations Reserve: 20,125,740; Declaration Assessment Reserve: 24,174; WPCA Assessment Reserve: 15,518
10   GACC   High Crossing Portfolio       0   129,188   0   321,542   0   0   0   0    
10.01   GACC   CarMax                                        
10.02   GACC   2810 Crossroads Drive                                        
10.03   GACC   2418 Crossroads Drive                                        
10.04   GACC   2310 Crossroads Drive                                        
10.05   GACC   5325 Wall Street                                        
10.06   GACC   5315 Wall Street                                        
10.07   GACC   2601 Crossroads Drive                                        
10.08   GACC   2801 Crossroads Drive                                        
11   JPMCB   Naples Grande Beach Resort       0   0   0   0   182,282   12,758   0   0    
12   JPMCB   Barrett Lakes Center       5,243   0   0   0   163,000   0   0   3,551,268   Outstanding TI Reserve: 1,914,112; Free Rent Reserve: 1,637,156
12.01   JPMCB   Barrett Lakes Center II                                        
12.02   JPMCB   Barrett Lakes Center I                                        
12.03   JPMCB   Barrett Lakes Center IV                                        
13   JPMCB   Saint Germaine Apartments       252,963   179,960   0   0   40,907   0   0   0    
14   JPMCB   Palisades Center       39,507   90,400   0   158,027   9,088,762   0   0   8,666,227   Outstanding TI Reserve: 6,498,764.07; Free Rent Reserve: 1,979,952.78; Ground Rent Reserve: 187,510
15   GACC   Sun MHC Portfolio       765,572   134,428   0   0   0   0   0   0    
15.01   GACC   Silver Star                                        
15.02   GACC   West Glen Village                                        
15.03   GACC   Edwardsville                                        
15.04   GACC   Sherman Oaks                                        
15.05   GACC   College Park Estates                                        
15.06   GACC   Snow to Sun                                        
15.07   GACC   Casa Del Valle                                        
15.08   GACC   Valley View Estates                                        
15.09   GACC   Colonial Village                                        
15.10   GACC   Village Trails                                        
15.11   GACC   Maplewood                                        
15.12   GACC   Kenwood                                        
16   GACC   Hall Office Park A1/G1/G3       0   0   0   1,355,177   0   0   0   2,842,374   HCL Expansion Reserve: 2,500,000; Free Rent Reserve: 342,374.10
16.01   GACC   Hall Office Park G3                                        
16.02   GACC   Hall Office Park G1                                        
16.03   GACC   Hall Office Park A1                                        
17   JPMCB   New Town Collier Portfolio       4,273   52,440   0   21,365   141,430   0   0   105,947   Outstanding TI Reserve: 61,102.34; Free Rent Reserve: 44,845.08
17.01   JPMCB   New Town Commerce Center                                        
17.02   JPMCB   Collier Park of Commerce                                        
18   GACC   1505 East Warner   15%   0   503,448   0   500,000   59,789   0   0   0    
19   JPMCB   Legends at Kingsville       6,300   0   0   0   110,725   0   0   0    
20   JPMCB   Omni Storage Portfolio       2,102   0   0   0   59,325   0   0   0    
20.01   JPMCB   Omni 7 Madisonville                                        
20.02   JPMCB   Omni 6 Slidell                                        
20.03   JPMCB   Omni 5 Ponchatoula                                        
20.04   JPMCB   Omni 4 Bay St. Louis                                        
21   JPMCB   Hampton Inn Seattle Airport   9%   0   0   0   0   10,795   7,645   0   3,543,335   PIP Reserve
22   GACC   Residence Inn Murfreesboro       0   0   0   0   23,190   33,654   0   2,500   Comfort Letter Transfer Reserve
23   JPMCB   Hampton Inn Nashville - Bellevue       0   0   0   0   13,325   17,441   0   0    
24   JPMCB   Bella Vista       2,133   0   0   0   20,834   57,768   0   0    
25   JPMCB   Heights Boulevard Portfolio       1,267   0   0   0   25,299   0   0   0    
25.01   JPMCB   427 West 16th Street                                        
25.02   JPMCB   214 West 17th Street                                        
25.03   JPMCB   1548 Ashland Street                                        
25.04   JPMCB   1222 Heights Boulevard                                        
26   GACC   Home2Suites Hilton Lehi   5%   0   0   0   0   52,198   13,956   0   0    
27   JPMCB   Hampton Inn Carrollton       8,185   0   0   0   4,900   0   0   0    
28   JPMCB   120 Halsted Street       700   0   0   0   12,068   6,188   0   379,583   Tax Abatement Reserve: 365,000; Amortization Reserve: 14,583.33
29   GACC   21st Century SS Monterey   9%   0   0   0   0   2,185   0   0   9,383   Ground Rent Reserve
30   GACC   333 Market Street (Port of Oakland Industrial)   24%   0   12,188   0   0   0   1,467   0   278,284   Seismic Reserve

 

A-1-7
 

 

ANNEX A-1

 

            MONTHLY ESCROW(19)
                                     
            Monthly Capex   Monthly Envir.   Monthly TI/LC   Monthly RE Tax   Monthly Ins.   Monthly Other   Other Monthly
Loan #   Seller(1)   Property Name   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Description ($)
1   JPMCB   Quaker Bridge Mall   Springing   0   38,699   Springing   Springing   0    
2   GACC   787 Seventh Avenue   Springing   0   Springing   Springing   Springing   Springing   Lease Sweep Reserve
3   JPMCB   100 East Pratt   11,045   0   69,032   357,116   22,050   Springing   Lease Sweep Reserve; Lease Contraction Reserve
4   JPMCB   Sanofi Office Complex   Springing   0   0   Springing   Springing   Springing   Condominium Common Charges Reserve
5   GACC   Williamsburg Premium Outlets   Springing   0   Springing   Springing   Springing   0    
6   JPMCB   Four Penn Center   8,710   0   Springing   97,433   Springing   0    
7   GACC   Equity Inns Portfolio   4% of Gross Revenues   0   0   296,738   Springing   The borrower will be required quarterly to fund the amount required in the PIP Reserve Funding Schedule   PIP Reserve
7.01   GACC   Homewood Suites Seattle                            
7.02   GACC   Homewood Suites Orlando                            
7.03   GACC   Courtyard Carlsbad                            
7.04   GACC   Courtyard Houston                            
7.05   GACC   Homewood Suites Stratford                            
7.06   GACC   Hampton Inn Urbana                            
7.07   GACC   Springhill Suites Asheville                            
7.08   GACC   Hilton Garden Inn Louisville                            
7.09   GACC   Hampton Inn Orlando                            
7.10   GACC   Hampton Inn Austin                            
7.11   GACC   Hampton Inn College Station                            
7.12   GACC   Hampton Inn Indianapolis                            
7.13   GACC   TownePlace Suites Savannah                            
7.14   GACC   Hampton Inn East Lansing                            
7.15   GACC   Hampton Inn Naperville                            
7.16   GACC   Hilton Garden Inn Rio Rancho                            
7.17   GACC   Courtyard Dalton                            
7.18   GACC   Hampton Inn Alcoa                            
7.19   GACC   Homewood Suites Augusta                            
7.20   GACC   Residence Inn Jacksonville                            
7.21   GACC   Hampton Inn Milford                            
8   JPMCB   DoubleTree Houston Intercontinental Airport   Springing   0   0   Springing   Springing   Springing   PIP Reserve
9   GACC   One Harbor Point Square   4,188   0   26,177   119,757   7,691   2,219   WPCA Assessment Reserve: 2,218.59; Declaration Assessment Reserve: Springing
10   GACC   High Crossing Portfolio   9,238   0   37,781   61,708   Springing   Springing   Lease Sweep Reserve
10.01   GACC   CarMax                            
10.02   GACC   2810 Crossroads Drive                            
10.03   GACC   2418 Crossroads Drive                            
10.04   GACC   2310 Crossroads Drive                            
10.05   GACC   5325 Wall Street                            
10.06   GACC   5315 Wall Street                            
10.07   GACC   2601 Crossroads Drive                            
10.08   GACC   2801 Crossroads Drive                            
11   JPMCB   Naples Grande Beach Resort   4% of Gross Revenues   0   0   94,939   4,253   Springing   Seasonality Reserve
12   JPMCB   Barrett Lakes Center   5,243   0   Springing   32,500   Springing   Springing   Re-Tenant Reserve
12.01   JPMCB   Barrett Lakes Center II                            
12.02   JPMCB   Barrett Lakes Center I                            
12.03   JPMCB   Barrett Lakes Center IV                            
13   JPMCB   Saint Germaine Apartments   11,500   0   0   20,453   Springing   0    
14   JPMCB   Palisades Center   39,507   0   158,027   1,817,752   Springing   157,828   Ground Rent Reserve
15   GACC   Sun MHC Portfolio   Springing   0   0   123,269   Springing   0    
15.01   GACC   Silver Star                            
15.02   GACC   West Glen Village                            
15.03   GACC   Edwardsville                            
15.04   GACC   Sherman Oaks                            
15.05   GACC   College Park Estates                            
15.06   GACC   Snow to Sun                            
15.07   GACC   Casa Del Valle                            
15.08   GACC   Valley View Estates                            
15.09   GACC   Colonial Village                            
15.10   GACC   Village Trails                            
15.11   GACC   Maplewood                            
15.12   GACC   Kenwood                            
16   GACC   Hall Office Park A1/G1/G3   6,845   0   34,227   97,337   Springing   Springing   Lease Sweep Reserve
16.01   GACC   Hall Office Park G3                            
16.02   GACC   Hall Office Park G1                            
16.03   GACC   Hall Office Park A1                            
17   JPMCB   New Town Collier Portfolio   4,273   0   21,365   28,286   Springing   0    
17.01   JPMCB   New Town Commerce Center                            
17.02   JPMCB   Collier Park of Commerce                            
18   GACC   1505 East Warner   2,810   0   2,732   14,947   Springing   Springing   Lease Sweep Reserve
19   JPMCB   Legends at Kingsville   6,300   0   0   55,363   Springing   0    
20   JPMCB   Omni Storage Portfolio   2,102   0   0   10,368   Springing   0    
20.01   JPMCB   Omni 7 Madisonville                            
20.02   JPMCB   Omni 6 Slidell                            
20.03   JPMCB   Omni 5 Ponchatoula                            
20.04   JPMCB   Omni 4 Bay St. Louis                            
21   JPMCB   Hampton Inn Seattle Airport   Springing   0   0   10,795   3,823   Springing   PIP Reserve
22   GACC   Residence Inn Murfreesboro   2% of Gross Revenues   0   0   11,595   2,804   0    
23   JPMCB   Hampton Inn Nashville - Bellevue   4% of Gross Revenues   0   0   6,665   2,181   Springing   PIP Reserve
24   JPMCB   Bella Vista   2,133   0   0   10,417   6,351   0    
25   JPMCB   Heights Boulevard Portfolio   1,267   0   0   12,614   Springing   0    
25.01   JPMCB   427 West 16th Street                            
25.02   JPMCB   214 West 17th Street                            
25.03   JPMCB   1548 Ashland Street                            
25.04   JPMCB   1222 Heights Boulevard                            
26   GACC   Home2Suites Hilton Lehi   4% of Gross Revenues   0   0   7,457   1,269   Springing   PIP Reserve
27   JPMCB   Hampton Inn Carrollton   4% of Gross Revenues   0   0   2,450   Springing   Springing   PIP Reserve
28   JPMCB   120 Halsted Street   700   0   0   8,811   1,547   14,583   Amortization Reserve
29   GACC   21st Century SS Monterey   771   0   0   2,185   Springing   4,701   Ground Rent Reserve: 4,701; Advance Rentals Collection Reserve: Springing
30   GACC   333 Market Street (Port of Oakland Industrial)   914   0   2,132   7,615   1,467   Springing   Lease Sweep Reserve

 

A-1-8
 

 

ANNEX A-1

 

            RESERVE CAPS(20)       LARGEST TENANT (3), (21), (22), (23)
                                                     
            CapEx   Envir.   TI/LC   RE Tax   Insur.   Debt Service   Other   Single           Lease
Loan #   Seller(1)   Property Name    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)   Tenant   Largest Tenant   Unit Size   Expiration
1   JPMCB   Quaker Bridge Mall   214,345       1,393,175                   No   Forever 21   26,902   01/31/23
2   GACC   787 Seventh Avenue   1,008,684       5,043,420                   No   BNP Paribas   453,706   12/31/22
3   JPMCB   100 East Pratt                               No   T. Rowe Price Associates, Inc.   443,235   12/31/27
4   JPMCB   Sanofi Office Complex                               Yes   Sanofi-Aventis U.S. Inc.   674,325   07/31/26
5   GACC   Williamsburg Premium Outlets   313,280       1,983,114                   No   Food Lion   29,000   04/20/20
6   JPMCB   Four Penn Center                               No   Elsevier, Inc.   135,468   06/30/18
7   GACC   Equity Inns Portfolio                               No            
7.01   GACC   Homewood Suites Seattle                               No            
7.02   GACC   Homewood Suites Orlando                               No            
7.03   GACC   Courtyard Carlsbad                               No            
7.04   GACC   Courtyard Houston                               No            
7.05   GACC   Homewood Suites Stratford                               No            
7.06   GACC   Hampton Inn Urbana                               No            
7.07   GACC   Springhill Suites Asheville                               No            
7.08   GACC   Hilton Garden Inn Louisville                               No            
7.09   GACC   Hampton Inn Orlando                               No            
7.10   GACC   Hampton Inn Austin                               No            
7.11   GACC   Hampton Inn College Station                               No            
7.12   GACC   Hampton Inn Indianapolis                               No            
7.13   GACC   TownePlace Suites Savannah                               No            
7.14   GACC   Hampton Inn East Lansing                               No            
7.15   GACC   Hampton Inn Naperville                               No            
7.16   GACC   Hilton Garden Inn Rio Rancho                               No            
7.17   GACC   Courtyard Dalton                               No            
7.18   GACC   Hampton Inn Alcoa                               No            
7.19   GACC   Homewood Suites Augusta                               No            
7.20   GACC   Residence Inn Jacksonville                               No            
7.21   GACC   Hampton Inn Milford                               No            
8   JPMCB   DoubleTree Houston Intercontinental Airport                               No            
9   GACC   One Harbor Point Square                               No   Bridgewater Associates   137,986   06/30/32
10   GACC   High Crossing Portfolio   350,000       1,360,000                   Various            
10.01   GACC   CarMax                               Yes   CarMax   58,430   11/30/28
10.02   GACC   2810 Crossroads Drive                               No    Regus   10,874   05/31/21
10.03   GACC   2418 Crossroads Drive                               No    Solidworks   11,875   08/31/16
10.04   GACC   2310 Crossroads Drive                               No    Cardinal Stritch University   17,191   08/31/20
10.05   GACC   5325 Wall Street                               No    Fiserv Solutions   17,652   02/28/18
10.06   GACC   5315 Wall Street                               No    Premier Fitness   3,642   12/31/16
10.07   GACC   2601 Crossroads Drive                               No    Cottingham & Butler Insurance   7,328   08/31/20
10.08   GACC   2801 Crossroads Drive                               No    City of Madison   4,326   11/30/16
11   JPMCB   Naples Grande Beach Resort                           3,000,000   No            
12   JPMCB   Barrett Lakes Center   314,580                           Various            
12.01   JPMCB   Barrett Lakes Center II                               No   Insperity Support Services   40,533   01/31/23
12.02   JPMCB   Barrett Lakes Center I                               No   Riskonnect   25,811   06/25/23
12.03   JPMCB   Barrett Lakes Center IV                               Yes   Fresenius Management Services   79,162   02/29/28
13   JPMCB   Saint Germaine Apartments                               No            
14   JPMCB   Palisades Center   474,081       1,896,322                   No   JCPenney   157,339   03/31/18
15   GACC   Sun MHC Portfolio                               No            
15.01   GACC   Silver Star                               No            
15.02   GACC   West Glen Village                               No            
15.03   GACC   Edwardsville                               No            
15.04   GACC   Sherman Oaks                               No            
15.05   GACC   College Park Estates                               No            
15.06   GACC   Snow to Sun                               No            
15.07   GACC   Casa Del Valle                               No            
15.08   GACC   Valley View Estates                               No            
15.09   GACC   Colonial Village                               No            
15.10   GACC   Village Trails                               No            
15.11   GACC   Maplewood                               No            
15.12   GACC   Kenwood                               No            
16   GACC   Hall Office Park A1/G1/G3   197,150       Springing                   No            
16.01   GACC   Hall Office Park G3                               No   Amerisource Bergen   79,795   12/01/21
16.02   GACC   Hall Office Park G1                               No   HCL   51,114   01/01/22
16.03   GACC   Hall Office Park A1                               No   Brown and Gay Engineers   18,344   01/01/21
17   JPMCB   New Town Collier Portfolio                               No            
17.01   JPMCB   New Town Commerce Center                               No   Dental Fix RX, LLC   8,364   06/30/20
17.02   JPMCB   Collier Park of Commerce                               No   Cobham Slip Rings Naples, Inc.   33,704   12/31/19
18   GACC   1505 East Warner                               No   County of Orange   134,792   12/31/30
19   JPMCB   Legends at Kingsville                               No            
20   JPMCB   Omni Storage Portfolio   75,672                           No            
20.01   JPMCB   Omni 7 Madisonville                               No            
20.02   JPMCB   Omni 6 Slidell                               No            
20.03   JPMCB   Omni 5 Ponchatoula                               No            
20.04   JPMCB   Omni 4 Bay St. Louis                               No            
21   JPMCB   Hampton Inn Seattle Airport                               No            
22   GACC   Residence Inn Murfreesboro   400,000                           No            
23   JPMCB   Hampton Inn Nashville - Bellevue                               No            
24   JPMCB   Bella Vista                               No            
25   JPMCB   Heights Boulevard Portfolio                               No            
25.01   JPMCB   427 West 16th Street                               No            
25.02   JPMCB   214 West 17th Street                               No            
25.03   JPMCB   1548 Ashland Street                               No            
25.04   JPMCB   1222 Heights Boulevard                               No            
26   GACC   Home2Suites Hilton Lehi                               No            
27   JPMCB   Hampton Inn Carrollton                               No            
28   JPMCB   120 Halsted Street   25,200                           No            
29   GACC   21st Century SS Monterey                           Advance Rentals Collection Reserve: (10% of Rents attributable to Self Storage Leases)   No            
30   GACC   333 Market Street (Port of Oakland Industrial)   21,924       51,156                   No   Darcoid Company   29,988   06/30/18

 

A-1-9
 

 

ANNEX A-1

 

            2nd LARGEST TENANT (3), (21), (22), (23)   3rd LARGEST TENANT (3), (21), (22), (23)   4th LARGEST TENANT (3), (21), (22), (23)   5th LARGEST TENANT (3), (21), (22), (23)    
                                                             
                    Lease           Lease           Lease           Lease   Loan
Loan #   Seller(1)   Property Name   2nd Largest Tenant   Unit Size   Expiration   3rd Largest Tenant   Unit Size   Expiration   4th Largest Tenant   Unit Size   Expiration   5th Largest Tenant   Unit Size   Expiration   Purpose
1   JPMCB   Quaker Bridge Mall   Old Navy   18,295   03/31/22   H&M   17,418   01/31/23   Victoria’s Secret   12,149   01/31/23   New York & Company   11,015   01/31/17   Recapitalization
2   GACC   787 Seventh Avenue   Sidley Austin LLP   342,838   05/15/22   Willkie Farr & Gallagher LLP   324,133   08/31/27   Stifel Nicolaus & Company, Incorporated   214,706   11/30/26   UBS AG, New York Branch   152,084   12/31/25   Acquisition
3   JPMCB   100 East Pratt   Tydings & Rosenberg, LLP   37,539   07/31/17   Merrill Lynch   31,942   02/28/18   PricewaterhouseCoopers, LLP   31,942   06/30/17   Jones Lang LaSalle   23,956   04/30/20   Acquisition
4   JPMCB   Sanofi Office Complex                                                   Refinance
5   GACC   Williamsburg Premium Outlets   Nike Factory Store   13,852   09/30/20   Polo Ralph Lauren   12,538   08/31/18   Coach   10,000   01/31/24   The North Face   9,492   11/30/22   Refinance
6   JPMCB   Four Penn Center   Post & Schell   80,479   09/30/18   Federal Insurance Company   58,860   03/31/18   Bank of America   34,124   07/31/17   Flaster / Greenberg   27,636   09/30/16   Refinance
7   GACC   Equity Inns Portfolio                                                   Refinance
7.01   GACC   Homewood Suites Seattle                                                    
7.02   GACC   Homewood Suites Orlando                                                    
7.03   GACC   Courtyard Carlsbad                                                    
7.04   GACC   Courtyard Houston                                                    
7.05   GACC   Homewood Suites Stratford                                                    
7.06   GACC   Hampton Inn Urbana                                                    
7.07   GACC   Springhill Suites Asheville                                                    
7.08   GACC   Hilton Garden Inn Louisville                                                    
7.09   GACC   Hampton Inn Orlando                                                    
7.10   GACC   Hampton Inn Austin                                                    
7.11   GACC   Hampton Inn College Station                                                    
7.12   GACC   Hampton Inn Indianapolis                                                    
7.13   GACC   TownePlace Suites Savannah                                                    
7.14   GACC   Hampton Inn East Lansing                                                    
7.15   GACC   Hampton Inn Naperville                                                    
7.16   GACC   Hilton Garden Inn Rio Rancho                                                    
7.17   GACC   Courtyard Dalton                                                    
7.18   GACC   Hampton Inn Alcoa                                                    
7.19   GACC   Homewood Suites Augusta                                                    
7.20   GACC   Residence Inn Jacksonville                                                    
7.21   GACC   Hampton Inn Milford                                                    
8   JPMCB   DoubleTree Houston Intercontinental Airport                                                   Acquisition
9   GACC   One Harbor Point Square   Castleton Commodities International   66,012   05/31/27   MC Credit Partners   14,767   05/31/28   Waypoint Residential      4,953   11/30/22   Fortina   3,700   07/31/25   Refinance
10   GACC   High Crossing Portfolio                                                   Refinance/Acquisition
10.01   GACC   CarMax                                                    
10.02   GACC   2810 Crossroads Drive    iNOC   6,512   05/31/24   VIP Mortgage   4,594   03/31/23    In Home Health, LLC   3,427   09/30/19    Park Bank   3,359   02/28/17    
10.03   GACC   2418 Crossroads Drive    Performance Gateway, LLC   11,055   03/31/18    TLC   4,072   06/30/20   Dept. of Corrections   3,448   01/31/19    Capital Endodontics   3,398   09/30/21    
10.04   GACC   2310 Crossroads Drive    Special Olympics   8,720   08/31/23    AE Business Solutions   8,493   06/30/20    Cisco Systems   6,848   05/31/17    McKinstry   5,143   02/28/18    
10.05   GACC   5325 Wall Street    Great-West Life   4,623   10/31/17    GHD, Inc. (Ourston Roundabout)   3,579   10/31/18    Bell & Giftos LLC   1,560   06/30/17    RUAN   1,347   11/30/19    
10.06   GACC   5315 Wall Street    Grant Thornton LLP   3,096   10/31/18    Graduate School of Banking   3,074   09/30/20    VPA, P.C.   3,064   01/31/18    MacDon Industries   2,542   07/31/17    
10.07   GACC   2601 Crossroads Drive    Ricoh Americas Corp   5,976   07/31/16    Tim O’Brien Homes   5,451   02/28/21    WMEP   4,489   03/31/20    KForce   2,332   11/30/16    
10.08   GACC   2801 Crossroads Drive    Insphere Insurance   3,364   08/31/16    The ASU Group   3,344   02/28/22    American Lending Solutions   1,867   04/30/19    Trillium Construction   1,563   04/30/18    
11   JPMCB   Naples Grande Beach Resort                                                   Refinance
12   JPMCB   Barrett Lakes Center                                                   Acquisition
12.01   JPMCB   Barrett Lakes Center II   BB&T (Stephens & Co.)   13,540   06/30/21   Bradley Morris Inc   11,597   04/30/17   ARC Management Group   9,836   01/31/20   Law Office Of Ken Luther   8,554   05/31/20    
12.02   JPMCB   Barrett Lakes Center I   Amoena USA Corporation   15,438   07/31/16   SJV & Associates   13,118   03/31/22   Evonik Degussa Corp.   11,766   12/31/22   Griffco Design   7,240   04/30/20    
12.03   JPMCB   Barrett Lakes Center IV                                                    
13   JPMCB   Saint Germaine Apartments                                                   Refinance
14   JPMCB   Palisades Center   Home Depot   132,800   01/31/19   Target   130,140   01/31/24   BJ’s Wholesale Club   118,076   02/28/18   Dick’s Sporting Goods   94,745   01/31/23   Refinance
15   GACC   Sun MHC Portfolio                                                   Acquisition
15.01   GACC   Silver Star                                                    
15.02   GACC   West Glen Village                                                    
15.03   GACC   Edwardsville                                                    
15.04   GACC   Sherman Oaks                                                    
15.05   GACC   College Park Estates                                                    
15.06   GACC   Snow to Sun                                                    
15.07   GACC   Casa Del Valle                                                    
15.08   GACC   Valley View Estates                                                    
15.09   GACC   Colonial Village                                                    
15.10   GACC   Village Trails                                                    
15.11   GACC   Maplewood                                                    
15.12   GACC   Kenwood                                                    
16   GACC   Hall Office Park A1/G1/G3                                                   Refinance
16.01   GACC   Hall Office Park G3   University of North Texas   36,061   06/30/21                                        
16.02   GACC   Hall Office Park G1   Gateway One Lending   12,586   03/01/20   Hall Fitness Facility   8,056   04/01/18   E & J Gallo Winery   6,917   04/01/17    XPO Energy   4,322   01/01/18    
16.03   GACC   Hall Office Park A1   Nexius   15,884   01/01/19   HOP Executive Suites   9,923   01/31/23   Novus Health Services   9,537   05/01/19   Greatbatch   9,241   11/01/17    
17   JPMCB   New Town Collier Portfolio                                                   Refinance
17.01   JPMCB   New Town Commerce Center   US Department of Agriculture   8,360   08/31/21   BLM Technologies of Florida LLC   6,157   06/30/17   Ecolab Inc.   6,077   05/31/16   Nova Engineering and Environmental, LLC   5,525   04/30/18    
17.02   JPMCB   Collier Park of Commerce   Dal-Tile SSC East, Inc.   10,120   08/31/19   Southwest Florida Workforce Development, Inc.   9,839   07/31/19   STH Distribution   9,822   12/31/18   STAT Imaging Solutions LLC   7,200   11/30/16    
18   GACC   1505 East Warner   Gold Coast Baking Company   80,000   12/31/19                                       Refinance
19   JPMCB   Legends at Kingsville                                                   Refinance
20   JPMCB   Omni Storage Portfolio                                                   Refinance
20.01   JPMCB   Omni 7 Madisonville                                                    
20.02   JPMCB   Omni 6 Slidell                                                    
20.03   JPMCB   Omni 5 Ponchatoula                                                    
20.04   JPMCB   Omni 4 Bay St. Louis                                                    
21   JPMCB   Hampton Inn Seattle Airport                                                   Refinance
22   GACC   Residence Inn Murfreesboro                                                   Refinance
23   JPMCB   Hampton Inn Nashville - Bellevue                                                   Refinance
24   JPMCB   Bella Vista                                                   Refinance
25   JPMCB   Heights Boulevard Portfolio                                                   Refinance
25.01   JPMCB   427 West 16th Street                                                    
25.02   JPMCB   214 West 17th Street                                                    
25.03   JPMCB   1548 Ashland Street                                                    
25.04   JPMCB   1222 Heights Boulevard                                                    
26   GACC   Home2Suites Hilton Lehi                                                   Refinance
27   JPMCB   Hampton Inn Carrollton                                                   Refinance
28   JPMCB   120 Halsted Street                                                   Refinance
29   GACC   21st Century SS Monterey                                                   Refinance
30   GACC   333 Market Street (Port of Oakland Industrial)   Lonely Planet   21,793   05/01/20   Johnstone Company   21,299   07/31/18                           Refinance

 

A-1-10
 

 

ANNEX A-1

 

                        Pari Passu Debt
                            Pari Passu   Pari Passu   Pari Passu   Total Cut-off
                Lockbox   Lockbox   Pari Passu   Note Control   Piece  In Trust   Piece Non Trust   Date Pari
Loan #   Seller(1)   Property Name   Principal / Carveout Guarantor(24)    (Y/N)    Type(25)   (Y/N)   (Y/N)(26)   Cut-Off Balance   Cut-Off Balance   Passu Debt
1   JPMCB   Quaker Bridge Mall   Simon Property Group, L.P.   Yes   CMA   Yes   Yes   83,333,333   66,666,667   150,000,000
2   GACC   787 Seventh Avenue   Fifth Street Properties, LLC   Yes   CMA   Yes   No   60,000,000   506,000,000   566,000,000
3   JPMCB   100 East Pratt   Dennis Troesh   Yes   CMA   Yes   Yes   60,000,000   50,400,000   110,400,000
4   JPMCB   Sanofi Office Complex   American Finance Trust, Inc.   Yes   Hard   Yes   No   60,000,000   65,000,000   125,000,000
5   GACC   Williamsburg Premium Outlets   Simon Property Group, L.P.   Yes   CMA   Yes   No   50,000,000   135,000,000   185,000,000
6   JPMCB   Four Penn Center   Prism Office Holdings LLC   Yes   Hard   Yes   Yes   48,000,000   20,925,000   68,925,000
7   GACC   Equity Inns Portfolio   American Realty Capital Hospitality Trust, Inc.   Yes   Hard   Yes   No   44,800,000   187,200,000   232,000,000
7.01   GACC   Homewood Suites Seattle                                
7.02   GACC   Homewood Suites Orlando                                
7.03   GACC   Courtyard Carlsbad                                
7.04   GACC   Courtyard Houston                                
7.05   GACC   Homewood Suites Stratford                                
7.06   GACC   Hampton Inn Urbana                                
7.07   GACC   Springhill Suites Asheville                                
7.08   GACC   Hilton Garden Inn Louisville                                
7.09   GACC   Hampton Inn Orlando                                
7.10   GACC   Hampton Inn Austin                                
7.11   GACC   Hampton Inn College Station                                
7.12   GACC   Hampton Inn Indianapolis                                
7.13   GACC   TownePlace Suites Savannah                                
7.14   GACC   Hampton Inn East Lansing                                
7.15   GACC   Hampton Inn Naperville                                
7.16   GACC   Hilton Garden Inn Rio Rancho                                
7.17   GACC   Courtyard Dalton                                
7.18   GACC   Hampton Inn Alcoa                                
7.19   GACC   Homewood Suites Augusta                                
7.20   GACC   Residence Inn Jacksonville                                
7.21   GACC   Hampton Inn Milford                                
8   JPMCB   DoubleTree Houston Intercontinental Airport   National Hotel Investor, LLC   Yes   CMA   No   NAP   NAP   NAP   NAP
9   GACC   One Harbor Point Square   Harbor Point Holding Company LLC   Yes   Hard   Yes   No   41,000,000   41,000,000   82,000,000
10   GACC   High Crossing Portfolio   Investors Associated, LLP   Yes   CMA   No   NAP   NAP   NAP   NAP
10.01   GACC   CarMax                                
10.02   GACC   2810 Crossroads Drive                                
10.03   GACC   2418 Crossroads Drive                                
10.04   GACC   2310 Crossroads Drive                                
10.05   GACC   5325 Wall Street                                
10.06   GACC   5315 Wall Street                                
10.07   GACC   2601 Crossroads Drive                                
10.08   GACC   2801 Crossroads Drive                                
11   JPMCB   Naples Grande Beach Resort   Northwood Real Estate Partners LP, Northwood Real Estate Co-Investors LP, Northwood Real Estate Partners TE (Hotel AIV) LP, Northwood Real Estate Co-Investors TE (Hotel AIV) LP   Yes   Hard   Yes   No   35,000,000   130,000,000   165,000,000
12   JPMCB   Barrett Lakes Center   Adventus Holdings LP   Yes   CMA   No   NAP   NAP   NAP   NAP
12.01   JPMCB   Barrett Lakes Center II                                
12.02   JPMCB   Barrett Lakes Center I                                
12.03   JPMCB   Barrett Lakes Center IV                                
13   JPMCB   Saint Germaine Apartments   Craig Koenigsberg, Howard Parnes   Yes   Springing   No   NAP   NAP   NAP   NAP
14   JPMCB   Palisades Center   Riesling Associates; Three J’s Family Trust   Yes   Hard   Yes   No   30,000,000   229,100,000   259,100,000
15   GACC   Sun MHC Portfolio   Ross H. Partrich   Yes   Springing   Yes   No   29,066,000   75,000,000   104,066,000
15.01   GACC   Silver Star                                
15.02   GACC   West Glen Village                                
15.03   GACC   Edwardsville                                
15.04   GACC   Sherman Oaks                                
15.05   GACC   College Park Estates                                
15.06   GACC   Snow to Sun                                
15.07   GACC   Casa Del Valle                                
15.08   GACC   Valley View Estates                                
15.09   GACC   Colonial Village                                
15.10   GACC   Village Trails                                
15.11   GACC   Maplewood                                
15.12   GACC   Kenwood                                
16   GACC   Hall Office Park A1/G1/G3   Hall Phoenix/Inwood Ltd.   Yes   CMA   Yes   No   27,900,000   28,000,000   55,900,000
16.01   GACC   Hall Office Park G3                                
16.02   GACC   Hall Office Park G1                                
16.03   GACC   Hall Office Park A1                                
17   JPMCB   New Town Collier Portfolio   Michael M. Adler   Yes   Springing   No   NAP   NAP   NAP   NAP
17.01   JPMCB   New Town Commerce Center                                
17.02   JPMCB   Collier Park of Commerce                                
18   GACC   1505 East Warner   Stephen P. Abdo, Eleanor I. Leanse   Yes   CMA   No   NAP   NAP   NAP   NAP
19   JPMCB   Legends at Kingsville   Ogden K. Shannon III   Yes   CMA   No   NAP   NAP   NAP   NAP
20   JPMCB   Omni Storage Portfolio   Walter Thomassie, Gerard Thomassie   Yes   Springing   No   NAP   NAP   NAP   NAP
20.01   JPMCB   Omni 7 Madisonville                                
20.02   JPMCB   Omni 6 Slidell                                
20.03   JPMCB   Omni 5 Ponchatoula                                
20.04   JPMCB   Omni 4 Bay St. Louis                                
21   JPMCB   Hampton Inn Seattle Airport   Linda Oh   Yes   CMA   No   NAP   NAP   NAP   NAP
22   GACC   Residence Inn Murfreesboro   Mitul I. Patel   Yes   Springing   No   NAP   NAP   NAP   NAP
23   JPMCB   Hampton Inn Nashville - Bellevue   Ashokkumar L. Dharsandia, Ramesh Chandra Purohit, Laxmikant Ghodasara   Yes   Springing   No   NAP   NAP   NAP   NAP
24   JPMCB   Bella Vista   John F. Cowen, John F. Cowen, Jr.   Yes   Springing   No   NAP   NAP   NAP   NAP
25   JPMCB   Heights Boulevard Portfolio   Scott Leichtenberg   Yes   Springing   No   NAP   NAP   NAP   NAP
25.01   JPMCB   427 West 16th Street                                
25.02   JPMCB   214 West 17th Street                                
25.03   JPMCB   1548 Ashland Street                                
25.04   JPMCB   1222 Heights Boulevard                                
26   GACC   Home2Suites Hilton Lehi   PEG Development, LLC   Yes   CMA   No   NAP   NAP   NAP   NAP
27   JPMCB   Hampton Inn Carrollton   Nikunj R. Lakha   Yes   Springing   No   NAP   NAP   NAP   NAP
28   JPMCB   120 Halsted Street   Dennis McNeil   Yes   Springing   No   NAP   NAP   NAP   NAP
29   GACC   21st Century SS Monterey   Clayton Gentry   Yes   Springing   No   NAP   NAP   NAP   NAP
30   GACC   333 Market Street (Port of Oakland Industrial)   Walter Snow   Yes   Springing   No   NAP   NAP   NAP   NAP

 

A-1-11
 

 

ANNEX A-1

 

            Additional Debt(27)       Total Debt
                        Additional               Total Debt       Total Debt
            Addit Debt   Addit Debt   Additional   Debt Cut off   Additional Debt       Total Debt    UW NCF   Total Debt    UW NOI
Loan #   Seller(1)   Property Name   Permitted (Y/N)   Exist (Y/N)   Debt Type(s)   Date Balance   Interest Rate        Cut-off Balance    DSCR   Current LTV %    Debt Yield %
1   JPMCB   Quaker Bridge Mall   No   Yes   B-Note   30,000,000   6.00000       180,000,000   1.78   54.1%   8.5%
2   GACC   787 Seventh Avenue   No   Yes   Mezzanine Loan (220,000,000) / B-Note (214,000,000)   434,000,000   4.35059       1,000,000,000   1.89   51.7%   8.3%
3   JPMCB   100 East Pratt   No   No   NAP   NAP   NAP       110,400,000   1.85   58.8%   12.5%
4   JPMCB   Sanofi Office Complex   No   No   NAP   NAP   NAP       125,000,000   2.60   45.8%   13.5%
5   GACC   Williamsburg Premium Outlets   No   No   NAP   NAP   NAP       185,000,000   2.52   54.8%   11.4%
6   JPMCB   Four Penn Center   No   No   NAP   NAP   NAP       68,925,000   1.50   75.0%   11.1%
7   GACC   Equity Inns Portfolio   No   Yes   Preferred Equity   65,246,820   NAP       232,000,000   2.30   64.4%   13.1%
7.01   GACC   Homewood Suites Seattle                               2.30   64.4%   13.1%
7.02   GACC   Homewood Suites Orlando                               2.30   64.4%   13.1%
7.03   GACC   Courtyard Carlsbad                               2.30   64.4%   13.1%
7.04   GACC   Courtyard Houston                               2.30   64.4%   13.1%
7.05   GACC   Homewood Suites Stratford                               2.30   64.4%   13.1%
7.06   GACC   Hampton Inn Urbana                               2.30   64.4%   13.1%
7.07   GACC   Springhill Suites Asheville                               2.30   64.4%   13.1%
7.08   GACC   Hilton Garden Inn Louisville                               2.30   64.4%   13.1%
7.09   GACC   Hampton Inn Orlando                               2.30   64.4%   13.1%
7.10   GACC   Hampton Inn Austin                               2.30   64.4%   13.1%
7.11   GACC   Hampton Inn College Station                               2.30   64.4%   13.1%
7.12   GACC   Hampton Inn Indianapolis                               2.30   64.4%   13.1%
7.13   GACC   TownePlace Suites Savannah                               2.30   64.4%   13.1%
7.14   GACC   Hampton Inn East Lansing                               2.30   64.4%   13.1%
7.15   GACC   Hampton Inn Naperville                               2.30   64.4%   13.1%
7.16   GACC   Hilton Garden Inn Rio Rancho                               2.30   64.4%   13.1%
7.17   GACC   Courtyard Dalton                               2.30   64.4%   13.1%
7.18   GACC   Hampton Inn Alcoa                               2.30   64.4%   13.1%
7.19   GACC   Homewood Suites Augusta                               2.30   64.4%   13.1%
7.20   GACC   Residence Inn Jacksonville                               2.30   64.4%   13.1%
7.21   GACC   Hampton Inn Milford                               2.30   64.4%   13.1%
8   JPMCB   DoubleTree Houston Intercontinental Airport   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
9   GACC   One Harbor Point Square   No   Yes   Mezzanine Loan   16,900,000   10.80000       98,900,000   1.13   83.0%   8.6%
10   GACC   High Crossing Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
10.01   GACC   CarMax                               NAP   NAP   NAP
10.02   GACC   2810 Crossroads Drive                               NAP   NAP   NAP
10.03   GACC   2418 Crossroads Drive                               NAP   NAP   NAP
10.04   GACC   2310 Crossroads Drive                               NAP   NAP   NAP
10.05   GACC   5325 Wall Street                               NAP   NAP   NAP
10.06   GACC   5315 Wall Street                               NAP   NAP   NAP
10.07   GACC   2601 Crossroads Drive                               NAP   NAP   NAP
10.08   GACC   2801 Crossroads Drive                               NAP   NAP   NAP
11   JPMCB   Naples Grande Beach Resort   Yes   No   Permitted Mezzanine   NAP   NAP       165,000,000   1.63   62.6%   10.4%
12   JPMCB   Barrett Lakes Center   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
12.01   JPMCB   Barrett Lakes Center II                               NAP   NAP   NAP
12.02   JPMCB   Barrett Lakes Center I                               NAP   NAP   NAP
12.03   JPMCB   Barrett Lakes Center IV                               NAP   NAP   NAP
13   JPMCB   Saint Germaine Apartments   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
14   JPMCB   Palisades Center   Yes   Yes   Subordinate Debt (159,400,000) / Mezzanine Loan (141,500,000) / Permitted Mezzanine   300,900,000   5.77726       560,000,000   1.64   63.6%   8.4%
15   GACC   Sun MHC Portfolio   No   No   NAP   NAP   NAP       104,066,000   1.51   72.2%   9.0%
15.01   GACC   Silver Star                               1.51   72.2%   9.0%
15.02   GACC   West Glen Village                               1.51   72.2%   9.0%
15.03   GACC   Edwardsville                               1.51   72.2%   9.0%
15.04   GACC   Sherman Oaks                               1.51   72.2%   9.0%
15.05   GACC   College Park Estates                               1.51   72.2%   9.0%
15.06   GACC   Snow to Sun                               1.51   72.2%   9.0%
15.07   GACC   Casa Del Valle                               1.51   72.2%   9.0%
15.08   GACC   Valley View Estates                               1.51   72.2%   9.0%
15.09   GACC   Colonial Village                               1.51   72.2%   9.0%
15.10   GACC   Village Trails                               1.51   72.2%   9.0%
15.11   GACC   Maplewood                               1.51   72.2%   9.0%
15.12   GACC   Kenwood                               1.51   72.2%   9.0%
16   GACC   Hall Office Park A1/G1/G3   No   No   NAP   NAP   NAP       55,900,000   1.41   73.8%   9.2%
16.01   GACC   Hall Office Park G3                               1.41   73.8%   9.2%
16.02   GACC   Hall Office Park G1                               1.41   73.8%   9.2%
16.03   GACC   Hall Office Park A1                               1.41   73.8%   9.2%
17   JPMCB   New Town Collier Portfolio   Yes   No   Permitted Mezzanine   NAP   NAP       NAP   NAP   NAP   NAP
17.01   JPMCB   New Town Commerce Center                               NAP   NAP   NAP
17.02   JPMCB   Collier Park of Commerce                               NAP   NAP   NAP
18   GACC   1505 East Warner   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
19   JPMCB   Legends at Kingsville   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
20   JPMCB   Omni Storage Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
20.01   JPMCB   Omni 7 Madisonville                               NAP   NAP   NAP
20.02   JPMCB   Omni 6 Slidell                               NAP   NAP   NAP
20.03   JPMCB   Omni 5 Ponchatoula                               NAP   NAP   NAP
20.04   JPMCB   Omni 4 Bay St. Louis                               NAP   NAP   NAP
21   JPMCB   Hampton Inn Seattle Airport   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
22   GACC   Residence Inn Murfreesboro   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
23   JPMCB   Hampton Inn Nashville - Bellevue   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
24   JPMCB   Bella Vista   Yes   No   Permitted Mezzanine   NAP   NAP       NAP   NAP   NAP   NAP
25   JPMCB   Heights Boulevard Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
25.01   JPMCB   427 West 16th Street                               NAP   NAP   NAP
25.02   JPMCB   214 West 17th Street                               NAP   NAP   NAP
25.03   JPMCB   1548 Ashland Street                               NAP   NAP   NAP
25.04   JPMCB   1222 Heights Boulevard                               NAP   NAP   NAP
26   GACC   Home2Suites Hilton Lehi   Yes   No   Permitted Mezzanine   NAP   NAP       NAP   NAP   NAP   NAP
27   JPMCB   Hampton Inn Carrollton   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
28   JPMCB   120 Halsted Street   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
29   GACC   21st Century SS Monterey   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
30   GACC   333 Market Street (Port of Oakland Industrial)   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP

 

A-1-12
 

 

ANNEX A-1

 

            HOTEL OPERATING STATISTICS (28)          
                                                                               
            2013   2013   2013   2014   2014   2014   2015   2015   2015   Most Recent   Most Recent   Most Recent   UW   UW   UW          
Loan #   Seller(1)   Property Name   Occupancy %    ADR ($)    RevPAR ($)    Occupancy %    ADR ($)    RevPAR ($)    Occupancy %    ADR ($)    RevPAR ($)    Occupancy %    ADR ($)    RevPAR ($)   Occupancy %    ADR ($)    RevPAR ($)   Loan #      
1   JPMCB   Quaker Bridge Mall                                                               1      
2   GACC   787 Seventh Avenue                                                               2      
3   JPMCB   100 East Pratt                                                               3      
4   JPMCB   Sanofi Office Complex                                                               4      
5   GACC   Williamsburg Premium Outlets                                                               5      
6   JPMCB   Four Penn Center                                                               6      
7   GACC   Equity Inns Portfolio   72.4%   106.26   76.97   74.6%   110.57   82.46   76.6%   115.22   88.30   76.0%   115.60   87.87   76.0%   115.60   87.87   7      
7.01   GACC   Homewood Suites Seattle   84.3%   153.56   129.45   86.8%   172.74   149.87   88.6%   183.27   162.47   88.2%   183.39   161.81   88.2%   183.39   161.81   7.01      
7.02   GACC   Homewood Suites Orlando   79.9%   101.22   80.88   72.5%   107.63   77.99   86.4%   114.25   98.66   85.7%   115.43   98.93   85.7%   115.43   98.93   7.02      
7.03   GACC   Courtyard Carlsbad   68.4%   120.61   82.56   71.9%   125.31   90.09   74.2%   130.96   97.11   73.7%   130.31   96.01   73.7%   130.31   96.01   7.03      
7.04   GACC   Courtyard Houston   62.9%   130.97   82.37   61.9%   134.94   83.47   55.5%   127.21   70.66   53.0%   126.65   67.19   53.0%   126.65   67.19   7.04      
7.05   GACC   Homewood Suites Stratford   77.6%   124.46   96.54   82.3%   121.90   100.33   77.7%   129.40   100.58   79.0%   129.55   102.29   79.0%   129.55   102.29   7.05      
7.06   GACC   Hampton Inn Urbana   65.9%   132.80   87.47   71.0%   127.43   90.47   70.2%   123.99   87.03   68.8%   123.90   85.23   68.8%   123.90   85.23   7.06      
7.07   GACC   Springhill Suites Asheville   75.0%   112.58   84.42   74.5%   120.06   89.42   75.4%   138.24   104.21   75.5%   138.74   104.74   75.5%   138.74   104.74   7.07      
7.08   GACC   Hilton Garden Inn Louisville   69.8%   111.34   77.71   74.1%   118.29   87.61   75.6%   124.92   94.45   75.8%   125.22   94.88   75.8%   125.22   94.88   7.08      
7.09   GACC   Hampton Inn Orlando   79.3%   82.89   65.72   82.3%   90.14   74.19   81.8%   97.30   79.63   81.9%   99.05   81.13   81.9%   99.05   81.13   7.09      
7.10   GACC   Hampton Inn Austin   70.8%   106.38   75.29   71.8%   111.24   79.84   74.2%   120.87   89.69   74.2%   121.20   89.99   74.2%   121.20   89.99   7.10      
7.11   GACC   Hampton Inn College Station   70.0%   110.03   77.03   75.9%   118.06   89.60   68.5%   120.21   82.36   67.6%   119.65   80.92   67.6%   119.65   80.92   7.11      
7.12   GACC   Hampton Inn Indianapolis   66.7%   89.69   59.80   74.3%   95.99   71.32   78.0%   104.52   81.57   77.7%   105.22   81.78   77.7%   105.22   81.78   7.12      
7.13   GACC   TownePlace Suites Savannah   72.0%   76.11   54.81   83.2%   79.16   65.87   90.4%   88.62   80.12   88.3%   89.30   78.87   88.3%   89.30   78.87   7.13      
7.14   GACC   Hampton Inn East Lansing   78.4%   120.79   94.71   80.0%   122.06   97.71   79.9%   126.45   101.08   79.5%   126.75   100.71   79.5%   126.75   100.71   7.14      
7.15   GACC   Hampton Inn Naperville   64.0%   98.42   62.99   66.3%   101.96   67.58   71.2%   105.16   74.87   71.1%   105.49   75.04   71.1%   105.49   75.04   7.15      
7.16   GACC   Hilton Garden Inn Rio Rancho   65.7%   87.06   57.17   67.9%   87.70   59.56   74.0%   91.54   67.73   73.8%   91.58   67.60   73.8%   91.58   67.60   7.16      
7.17   GACC   Courtyard Dalton   66.6%   90.05   60.01   70.7%   89.57   63.31   75.9%   91.50   69.44   73.5%   92.29   67.80   73.5%   92.29   67.80   7.17      
7.18   GACC   Hampton Inn Alcoa   81.1%   72.54   58.84   81.1%   72.25   58.60   82.1%   73.45   60.31   82.5%   73.61   60.71   82.5%   73.61   60.71   7.18      
7.19   GACC   Homewood Suites Augusta   78.2%   116.45   91.01   82.2%   121.93   100.25   77.5%   124.39   96.40   73.9%   124.96   92.32   73.9%   124.96   92.32   7.19      
7.20   GACC   Residence Inn Jacksonville   78.5%   87.42   68.58   81.7%   94.61   77.26   82.5%   97.57   80.50   80.7%   98.54   79.53   80.7%   98.54   79.53   7.20      
7.21   GACC   Hampton Inn Milford   65.3%   83.86   54.79   67.8%   81.96   55.57   72.0%   83.63   60.26   72.1%   83.71   60.33   72.1%   83.71   60.33   7.21      
8   JPMCB   DoubleTree Houston Intercontinental Airport   83.5%   114.22   95.38   83.6%   129.44   108.19   85.9%   126.75   108.86   85.3%   126.82   108.22   80.0%   126.75   101.40   8      
9   GACC   One Harbor Point Square                                                               9      
10   GACC   High Crossing Portfolio                                                               10      
10.01   GACC   CarMax                                                               10.01      
10.02   GACC   2810 Crossroads Drive                                                               10.02      
10.03   GACC   2418 Crossroads Drive                                                               10.03      
10.04   GACC   2310 Crossroads Drive                                                               10.04      
10.05   GACC   5325 Wall Street                                                               10.05      
10.06   GACC   5315 Wall Street                                                               10.06      
10.07   GACC   2601 Crossroads Drive                                                               10.07      
10.08   GACC   2801 Crossroads Drive                                                               10.08      
11   JPMCB   Naples Grande Beach Resort   68.6%   224.00   153.56   67.1%   227.80   152.79   70.6%   253.60   179.15               69.9%   249.20   174.19   11      
12   JPMCB   Barrett Lakes Center                                                               12      
12.01   JPMCB   Barrett Lakes Center II                                                               12.01      
12.02   JPMCB   Barrett Lakes Center I                                                               12.02      
12.03   JPMCB   Barrett Lakes Center IV                                                               12.03      
13   JPMCB   Saint Germaine Apartments                                                               13      
14   JPMCB   Palisades Center                                                               14      
15   GACC   Sun MHC Portfolio                                                               15      
15.01   GACC   Silver Star                                                               15.01      
15.02   GACC   West Glen Village                                                               15.02      
15.03   GACC   Edwardsville                                                               15.03      
15.04   GACC   Sherman Oaks                                                               15.04      
15.05   GACC   College Park Estates                                                               15.05      
15.06   GACC   Snow to Sun                                                               15.06      
15.07   GACC   Casa Del Valle                                                               15.07      
15.08   GACC   Valley View Estates                                                               15.08      
15.09   GACC   Colonial Village                                                               15.09      
15.10   GACC   Village Trails                                                               15.10      
15.11   GACC   Maplewood                                                               15.11      
15.12   GACC   Kenwood                                                               15.12      
16   GACC   Hall Office Park A1/G1/G3                                                               16      
16.01   GACC   Hall Office Park G3                                                               16.01      
16.02   GACC   Hall Office Park G1                                                               16.02      
16.03   GACC   Hall Office Park A1                                                               16.03      
17   JPMCB   New Town Collier Portfolio                                                               17      
17.01   JPMCB   New Town Commerce Center                                                               17.01      
17.02   JPMCB   Collier Park of Commerce                                                               17.02      
18   GACC   1505 East Warner                                                               18      
19   JPMCB   Legends at Kingsville                                                               19      
20   JPMCB   Omni Storage Portfolio                                                               20      
20.01   JPMCB   Omni 7 Madisonville                                                               20.01      
20.02   JPMCB   Omni 6 Slidell                                                               20.02      
20.03   JPMCB   Omni 5 Ponchatoula                                                               20.03      
20.04   JPMCB   Omni 4 Bay St. Louis                                                               20.04      
21   JPMCB   Hampton Inn Seattle Airport   75.8%   102.50   77.71   73.9%   122.31   90.33   77.8%   132.11   102.81               77.8%   132.11   102.81   21      
22   GACC   Residence Inn Murfreesboro                                       79.2%   133.98   106.08   79.2%   133.98   106.08   22      
23   JPMCB   Hampton Inn Nashville - Bellevue   80.7%   121.75   98.23   83.5%   131.34   109.66   76.9%   141.99   109.25               83.5%   131.34   109.66   23      
24   JPMCB   Bella Vista                                                               24      
25   JPMCB   Heights Boulevard Portfolio                                                               25      
25.01   JPMCB   427 West 16th Street                                                               25.01      
25.02   JPMCB   214 West 17th Street                                                               25.02      
25.03   JPMCB   1548 Ashland Street                                                               25.03      
25.04   JPMCB   1222 Heights Boulevard                                                               25.04      
26   GACC   Home2Suites Hilton Lehi                           73.7%   102.48   75.52   78.4%   102.63   80.43   78.4%   102.63   80.43   26      
27   JPMCB   Hampton Inn Carrollton   75.5%   96.21   72.59   77.2%   104.70   80.88   76.1%   112.96   86.02               76.1%   112.96   86.02   27      
28   JPMCB   120 Halsted Street                                                               28      
29   GACC   21st Century SS Monterey                                                               29      
30   GACC   333 Market Street (Port of Oakland Industrial)                                                               30      

 

 

A-1-13
 

 

Footnotes to Annex A-1
   
(1) “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller and “GACC” denotes German American Capital Corporation, as Mortgage Loan Seller.

With respect to Loan No. 1, Quaker Bridge Mall, the Quaker Bridge Mall Whole Loan (as defined below) was co-originated by JPMCB and Column Financial, Inc.

With respect to Loan No. 3, 100 East Pratt, the 100 East Pratt Whole Loan (as defined below) was co-originated by JPMCB and Benefit Street Partners CRE Finance LLC.

With respect to Loan No. 4, Sanofi Office Complex, the Sanofi Office Complex Whole Loan (as defined below) was originated by Ladder Capital Finance LLC (“Ladder”), and JPMCB subsequently acquired the Note A-3-A, Note A-3-B, Note A-4-A and Note A-4-B pari passu components. Note A-3-A, Note A-3-B,  Note A-4-A and Note A-4-B have an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000, and are being contributed to the JPMDB 2016-C2 Trust.

With respect to Loan No. 7, Equity Inns Portfolio, the Equity Inns Portfolio Whole Loan (as defined below) was co-originated by GACC and Ladder.

With respect to Loan No. 9, One Harbor Point Square, the One Harbor Point Square Whole Loan (as defined below) was co-originated by Deutsche Bank AG, New York Branch (“DBNY”) (an affiliate of GACC) and Citigroup Global Markets Realty Corp. The Note A-2 was subsequently acquired by GACC.

With respect to Loan No. 14, Palisades Center, the Palisades Center Whole Loan (as defined below) was co-originated by JPMCB and Barclays Bank PLC.

With respect to Loan No. 26, Home2Suites Hilton Lehi, the mortgage loan was originated by DBNY (an affiliate of GACC) and subsequently acquired by GACC.

With respect to Loan No. 29, 21st Century SS Monterey, the mortgage loan was originated by DBNY (an affiliate of GACC) and subsequently acquired by GACC.
   
(2) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

With respect to Loan No. 1, Quaker Bridge Mall, the four anchor tenants at the mall, Macy’s, Sears, JCPenney and Lord & Taylor, all own their own improvements. Lord & Taylor ground leases its parcel from the borrower, while the remaining anchor tenants own their respective land and are subject to a reciprocal easement agreement with the borrower.

With respect to Loan No. 4, Sanofi Office Complex, the mortgaged property is subject to a condominium regime. The borrower owns three out of four total units, and an affiliate of the borrower owns the other unit. The borrower is entitled to appoint two out of the three members of the board of directors for the condominium association. Affiliates of the sole tenant have the right to construct additional buildings, with the potential to add

 

A-1-14
 

 

  up to three more units. In such event, the borrower will no longer control the board of directors. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests” in the Preliminary Prospectus for additional information.

With respect to Loan No. 11, Naples Grande Beach Resort, the mortgaged property includes a private 18-hole golf course. The hotel tower and bungalows on the mortgaged property are also subject to a condominium regime, and the borrower currently owns 100% of the units. The bungalows may be released from the lien of the mortgage upon satisfaction of certain terms and conditions in the loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the Preliminary Prospectus for additional information.

With respect to Loan No. 14, Palisades Center, Units is not inclusive of square footage associated with the Macy’s and Lord & Taylor boxes, for which the tenants own their respective improvements, but not the related land, which is ground leased from the borrower.  Ground rent attributable to each of the Macy’s and Lord & Taylor boxes is a nominal $1.00 per year; however, upon the termination or expiration of the related leases the improvements on those parcels will be owned by the borrower and become collateral for the Palisades Center Whole Loan.

With respect to Loan No. 15, Sun MHC Portfolio, the Units includes 768 RV pads located across three of the Sun MHC Portfolio Properties, including Snow to Sun, Casa Del Valle and Kenwood. The Third Most Recent Occupancy, Second Most Recent Occupancy, Most Recent Occupancy and Current Occupancy are based on the weighted average excluding the RV pads.

With respect to Loan No. 29, 21st Century SS Monterey, the mortgaged property is subject to a ground lease with an expiration date of May 31 2046. The initial monthly rent for the ground lease was $250 per month, for the first 17 months. Beginning in June 1997 (18th month), the ground lease payments increased to $2,794 per month for the next 12 months, and then increasing each year based on the All Urban Consumers CPI for the San Francisco-Oakland-San Jose Metropolitan Area. During each rent adjustment calculation, the base rent cannot decrease from the prior year’s amount and has an annual CPI cap of 7.0%. The current ground rent payment equates to $4,701/month or $56,412/year.
   
(3) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.

With respect to Loan No. 1, Quaker Bridge Mall, Occupancy % and UW Revenues ($) include The Body Shop, Torrid, Lids and 30 Burgers (collectively accounting for 1.4% of net rentable area and 1.6% of underwritten base rent, which have signed leases but are not yet in occupancy and/or paying rent under their respective leases. The Body Shop, Torrid, Lids and 30 Burgers are expected to take possession and commence paying rent for their respective spaces in June 2016, July 2016, May 2016 and July 2016, respectively. Additionally, Occupancy % and UW Revenues ($) include space leased by Justice, Pearl Vision Express and Gymboree (collectively accounting for 2.3% of net rentable area and 2.0% of underwritten base rent), for which the tenants have leases out for signature, but are already in occupancy and paying rent. UW Revenues ($) also

 

A-1-15
 

 

  includes temporary in-line tenants, temporary kiosk/cart tenants and specialty leasing income at the mortgaged property, which collectively constitute approximately 4.9% of UW Revenues ($).

With respect to Loan No. 2, 787 Seventh Avenue, the Largest Tenant, BNP Paribas, is subleasing approximately 65,234 square feet from Morgan Stanley Smith Barney Financing LLC (“MSSB”). When the MSSB lease expires in June 30, 2016, the sub-leased premises will be subject to the BNP Paribas lease that expires December 31, 2022. The 4th Largest Tenant, Stifel Nicolaus & Company, Incorporated (“Stifel”), which currently occupies approximately 178,583 square feet at the mortgaged property, has entered into a lease to occupy an additional approximately 36,123 square feet on the 12th floor by the later of (i) July 1, 2016 and (ii) the date on which the premises are delivered to Stifel, and to commence paying rent with respect to such expansion space 236 days after occupation. At origination, $2,860,974 was reserved in association with the rent abatement period through June 2016 for the Stifel space on the 11th floor and the free rent period for Stifel’s space on the 12th floor from July 2016 through March 2017. The 5th Largest Tenant, UBS AG, New York Branch (“UBS”), which currently occupies approximately 120,687 square feet at the mortgaged property, has entered into a lease to occupy an additional approximately 31,397 square feet on the 13th floor by the later of (x) July 1, 2016 and (y) the date on which the premises are delivered to UBS, and to commence paying rent with respect to such expansion space 248 days after occupation. At origination, $1,452,027 was reserved in association with the free rent for the UBS space on the 13th floor from July 2016 through March 2017. The remainder of the $7,054,094 free rent reserve is for two additional tenants at the mortgaged property. In addition, notwithstanding rent increases required under the leases for BNP Paribas, Stifel and UBS in January 2016, each such tenant is permitted under its respective lease, to pay the amount of rent due in December 2015 from January 2016 through June 2016 and the borrower reserved $885,243 at origination of the Mortgage Loan to cover the reduced rent for such tenants from January 2016 through June 2016.

With respect to Loan No. 3, 100 East Pratt, two tenants, including the Largest Tenant, T. Rowe Price Associates, Inc., are entitled to abated or free rent periods. At origination, the borrower reserved $3,782,785 for the abated and free rent periods.

With respect to Loan No. 8, DoubleTree Houston Intercontinental Airport, approximately 26.1% of total UW Revenues ($) is attributable to the food and beverage amenities at the related mortgaged property.

With respect to Loan No. 9, One Harbor Point Square, Occupancy % and UW Revenues ($) include the Largest Tenant, Bridgewater Associates, which has signed a lease but has not yet taken occupancy of its space or commenced paying rent. Bridgewater Associates has a rent commencement date of June 13, 2017 and $8,914,816 to cover the free rent period under the Bridgewater Associates lease was reserved at loan origination. The 3rd Largest Tenant, MC Credit Partners (“MCCP”), is currently in a free rent period, which runs through November 15, 2016 for 11,272 square feet of the MCCP leased space and through June 15, 2018 with respect to 3,495 square feet of the MCCP leased space, respectively. The borrower reserved $785,075 at origination in connection with MCCP’s free rent period.

 

A-1-16
 

 

  With respect to Loan No. 10, High Crossing Portfolio, four tenants, including the 3rd Largest Tenant at the 5325 Wall Street mortgaged property, GHD, Inc. (Ourston Roundabout), the Largest Tenant at the 2601 Crossroads Drive mortgaged property, Cottingham & Butler Insurance and the 3rd Largest Tenant, The ASU Group, and 5th Largest Tenant, Trillium Construction, at the 2801 Crossroads Drive mortgaged property, are each entitled to abated or free rent totaling in the aggregate $29,106 (0.5% of underwritten base rent for the High Crossing Portfolio Loan) between August and October 2016.

With respect to Loan No. 11, Naples Grande Beach Resort, approximately 32.1% of total UW Revenues ($) are attributable to the food and beverage amenities at the mortgaged property and approximately 17.4% of total UW Revenues ($) are attributable to other income, which includes a golf course at the mortgaged property.

With respect to Loan No. 12, Barrett Lakes Center, five tenants, including the Largest Tenant at the Barrett Lakes Center IV mortgaged property, Fresenius Management Services, are entitled to abated or free rent periods. At origination, the borrower reserved $1,637,156 for the abated and free rent periods.

With respect to Loan No. 13, Saint Germaine Apartments, there are four tenants at the mortgaged property that receive Section 8 vouchers.

With respect to Loan No. 16, Hall Office Park A1/G1/G3, the Largest Tenant at the Hall Office Park G1 mortgaged property, HCL, has executed a lease for 11,024 square feet of expansion space at the Hall Office Park A1/G1/G3 mortgaged properties. At origination, the borrower deposited approximately $2.5 million into a HCL expansion reserve. The HCL expansion reserve will be released to the borrowers provided, among other things, (i) debt yield is equal to or greater than 8.0%, (ii) the completion of the expansion premises and (iii) HCL’s lease has commenced and is in occupancy of the expanded premises paying unabated rent. In addition, at origination, the borrowers deposited $342,374 into a free rent reserve for the 2nd Largest Tenant at the Hall Office Park G3 mortgaged property, University of North Texas, for existing rent abatement amounts for monthly payments starting in January 2016 through April 2016.

With respect to Loan No. 23, Hampton Inn Nashville - Bellevue, Occupancy % was adjusted for the months of January through November 2015, during which time the hotel was impacted by room displacement as a result of guestroom work performed as part of the property improvement plan. 3,059 room nights were removed from the total available room count in connection with the renovations performed.”
   
(4) With respect to all mortgage loans, with the exceptions of the mortgage loans listed below,  the Current LTV % and the Maturity LTV % are based on the “as-is” Appraised Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.

With respect to Loan No. 7, Equity Inns Portfolio, the Appraised Value ($) represents the “portfolio appraised value” of $360,000,000, which attributes a premium to the aggregate value of the Equity Inns Portfolio mortgaged properties as a whole. Based on the sum of the appraised values of the Equity Inns Portfolio mortgaged properties on an individual

 

A-1-17
 

 

  basis of $322,400,000, the Current LTV % and Maturity LTV % are 72.0% and 72.0%, respectively.

With respect to Loan No. 8, DoubleTree Houston Intercontinental Airport, the Appraised Value ($) represents the hypothetical “as if complete” value of $64,100,000, which assumes that the property improvement plan (“PIP”) outstanding at origination is complete. At origination, the borrower delivered a letter of credit in the amount of $5,980,000 for the PIP, which represents the full estimated remaining cost to complete the PIP, in lieu of a cash reserve. At such time that the remaining cost to complete the PIP is $2,990,000 or less, the loan documents provide that the letter of credit may be reduced to an amount equal to $2,990,000. The “as-is” value as of December 18, 2015 was $59,000,000, which results in a Current LTV % and Maturity LTV % of 75.8% and 63.1%, respectively.

With respect to Loan No. 10, High Crossing Portfolio, the Appraised Value ($) of $57,500,000 represents the sum of the “as-is” “portfolio appraised value” of $34,900,000 for the High Crossing Portfolio office properties and the “as-is” Appraised Value ($) of $22,600,000 for the CarMax property. Based on the sum of the appraised values of all of the High Crossing Portfolio mortgaged properties on an individual basis of $57,530,000, the Current LTV % and Maturity LTV % are 67.7% and 52.8%, respectively.

With respect to Loan No. 11, Naples Grande Beach Resort, the Appraised Value ($) represents the aggregate “as-is” value of the resort property and the golf course and excludes the $1.75 million appraised value of the tennis court parcel, which was released on February 11, 2016, without the payment of any release price or yield maintenance premium in accordance with the mortgage loan documents.

With respect to Loan No. 12, Barrett Lakes Center, the Appraised Value ($) represents the “hypothetical as-is” value of $14,450,000 for the Barrett Lakes Center IV mortgaged property, which assumes that the sole tenant at the mortgaged property does not have any remaining rent abatements. At origination, the borrower was required to reserve the full amount of the remaining free rent periods for the tenant. The “as-is” value as of December 14, 2015 was $13,200,000, which results in a Current LTV % and Maturity LTV % of 70.7% and 62.4%, respectively.

With respect to Loan No. 15, Sun MHC Portfolio, the Appraised Value ($) represents the “portfolio appraised value” of $144,100,000, which attributes a discount to the aggregate value of the Sun MHC Portfolio mortgaged properties as a whole. Based on the sum of the appraised values of the Sun MHC Portfolio mortgaged properties on an individual basis of $148,250,000, the Current LTV % and Maturity LTV % are 70.2% and 65.4%, respectively. The appraisal applied a portfolio discount primarily because the purchase price for the portfolio of $137.9 million was less than the sum of the appraisal’s concluded values for each of the individual properties.

With respect to Loan No. 18, 1505 East Warner, the Appraised Value ($) represents the “prospective stabilized value” of $32,430,000, which assumes a stabilized occupancy of 96.0% as of July 27, 2016. The current occupancy as of April 1, 2016 is 95.6%. At origination, the borrower paid approximately $1,000,000 in leasing commissions and was required to reserve $500,000 in outstanding approved leasing expenses and $503,448 to cover required repairs at the property. The “as-is” value as of January 27,

 

A-1-18
 

 

  2016 was $30,530,000, which results in a Current LTV % and Maturity LTV % of 74.7% and 64.5%, respectively.
   
  “With respect to Loan No. 19, Legends at Kingsville, the Appraised Value ($) represents the “stabilized and complete value” of $29,600,000 as of September 1, 2015, which assumes that all construction will be complete prior to August 2015. At origination, all construction and renovations in connection with the build-out of the property were complete. The “as-is” value as of August 5, 2015 was $25,500,000, which results in a Current LTV % and Maturity LTV % of 86.0% and 70.7%, respectively.

With respect to Loan No. 21, Hampton Inn Seattle Airport, the Appraised Value ($) represents the hypothetical “as complete” value of $24,400,000, which assumes that the PIP outstanding at origination is complete. At origination, the borrower was required to reserve $3,543,335 for the PIP, which represents the full estimated remaining cost to complete the PIP. The “as-is” value as of December 15, 2015 was $20,200,000, which results in a Current LTV % and Maturity LTV % of 69.2% and 57.5%, respectively.

With respect to Loan No. 28, 120 Halsted Street, the Appraised Value ($) represents the “as-is” value based on an “extraordinary assumption” that the borrower has successfully received a tax abatement with the City of East Orange, New Jersey, for which it has applied. At origination, the borrower was required to reserve $365,000 in the event the application for the tax abatement was denied. The borrower is also required to reserve $14,583 both at origination and on each monthly payment date as additional security for the loan in connection with the pending application until the earlier of (i) May 1, 2019 and (ii) the date on which the borrower delivers evidence reasonably satisfactory to the lender that the City of East Orange has approved the borrower’s application for the tax abatement. Please see “Description of the Mortgage Pool—Risks Relating to the Mortgage Loans—Real Estate and Other Tax Considerations” for additional information regarding the proposed tax abatement for the mortgaged property.
   
(5) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(6) With respect to Loan No. 1, Quaker Bridge Mall, the mortgage loan is part of a whole loan with an original principal balance of $180,000,000 (the “Quaker Bridge Mall Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2) and two subordinate components (Note B-1 and Note B-2). Note A-1 has an outstanding principal balance as of the Cut-off Date of $83,333,333 and is being contributed to the JPMDB 2016-C2 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $66,666,667 and is expected to be contributed to one or more future securitization trusts. Note B-1 and Note B-2 have outstanding principal balances as of the Cut-off Date of $16,666,667 and $13,333,333, respectively, and have been sold to a third party investor. All loan level metrics are based on the Quaker Bridge Mall mortgage loan and pari passu components and exclude the two subordinate components.

 

A-1-19
 

 

  With respect to Loan No. 2, 787 Seventh Avenue, the mortgage loan is part of a whole loan with an original principal amount of $780,000,000 (the “787 Seventh Avenue Whole Loan”) which is comprised of eight pari passu components totaling $566,000,000 (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7 and Note A-8, collectively the “Senior Notes” and each a “787 Seventh Avenue Pari Passu Companion Loan”) and one B-Note in the amount of $214,000,000. Note A-8 (the “787 Seventh Avenue Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $60,000,000 and is being contributed to the JPMDB 2016-C2 Trust. Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and the B-Note have an aggregate outstanding principal balance as of the Cut-off Date of $506,000,000 million and were contributed to the COMM 2016-787S trust. Note A-7 has an outstanding principal balance as of the Cut-off Date of $80,000,000 and was contributed to the DBJPM 2016-C1 Trust. All loan metrics are based on the 787 Seventh Avenue Senior Note balance.

With respect to Loan No. 3, 100 East Pratt, the mortgage loan is part of a whole loan with an original principal balance of $110,400,000 (the “100 East Pratt Whole Loan”) which is comprised of six pari passu components (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6). Note A-1 and Note A-4 each have an outstanding principal balance as of the Cut-off Date of $30,000,000 and are being contributed to the JPMDB 2016-C2 Trust. Note A-2 and Note A-5 each have an outstanding principal balance as of the Cut-off Date of $10,000,000 and are expected to be contributed to one or more future securitization trusts. Note A-3 and Note A-6 each have an outstanding principal balance as of the Cut-off Date of $15,200,000 and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the 100 East Pratt Whole Loan balance.

With respect to Loan No. 4, Sanofi Office Complex, the mortgage loan is part of a whole loan with an original principal balance of $125,000,000 (the “Sanofi Office Complex Whole Loan”) which is comprised of eight pari passu components (Note A-1-A, Note A-1-B, Note A-2-A, Note A-2-B, Note A-3-A, Note A-3-B, Note A-4-A and Note A-4-B). Note A-3-A, Note A-3-B, Note A-4-A and Note A-4-B have an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000 and are being contributed to the JPMDB 2016-C2 Trust. Note A-1-A, Note A-1-B, Note A-2-A and Note A-2-B have an aggregate outstanding principal balance as of the Cut-off Date of $65,000,000 and were contributed to the WMCF 2016-C33 trust. All loan level metrics are based on the Sanofi Office Complex Whole Loan balance
   
  With respect to Loan No. 5, Williamsburg Premium Outlets, the mortgage loan is part of a whole loan with an original principal balance of $185,000,000 (the “Williamsburg Premium Outlets Whole Loan”) which is comprised of seven pari passu components (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5-A, Note A-5-B and Note A-6). Note A-2 and Note A-5-A (the “Williamsburg Premium Outlets Mortgage Loan”) have an aggregate outstanding principal balance as of the Cut-off Date of $50,000,000 and are being contributed to the JPMDB 2016-C2 Trust. Note A-1 and Note A-6 have an aggregate outstanding principal balance as of the Cut-off Date of $70,000,000 and were contributed to the DBJPM 2016-C1 trust. Note A-3 and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $50,000,000 and were contributed to the COMM 2015-DC2 trust. Note A-5-B (together with Note A-1, Note A-3,

 

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  Note A-4 and Note A-6, the “Williamsburg Premium Outlets Pari Passu Companion Loans”) has an outstanding principal balance as of the Cut-off Date of $15,000,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Williamsburg Premium Outlets Whole Loan balance.

With respect to Loan No. 6, Four Penn Center, the mortgage loan is part of a whole loan with an original principal balance of $68,925,000 (the “Four Penn Center Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-1 has an outstanding principal balance as of the Cut-off Date of $48,000,000 and is being contributed to the JPMDB 2016-C2 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $20,925,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Four Penn Center Whole Loan balance.

With respect to Loan No. 7, Equity Inns Portfolio, the mortgage loan is part of a whole loan with an original principal balance of $232,000,000 (the “Equity Inns Portfolio Whole Loan”) which is comprised of eleven pari passu components (Note A-1-A, Note A-1-B, Note A-2-A1, Note A-2-A2, Note A-2-B, Note A-3, Note A-4-A, Note A-4-B, Note A-5-A, Note A-5-B and Note A-6). Note A-4-B, Note A-5-B and Note A-6 (collectively the “Equity Inns Portfolio Mortgage Loan”) have an aggregate outstanding principal balance as of the Cut-off Date of $44,800,000 and are being contributed to the JPMDB 2016-C2 Trust. Note A-1-A and Note A-4-A have an aggregate outstanding principal balance as of the Cut-off Date of $80,000,000 and were contributed to the COMM 2015-LC23 trust. Note A-2-A1 and Note A-5-A have an aggregate outstanding principal balance as of the Cut-off Date of $40,000,000 and were contributed to the COMM 2016-CCRE28 trust. Note A-1-B, Note A-2-A2, Note A-2-B and Note A-3 (together with Note A-1-A, Note A-2-A1, Note A-4-A and Note A-5-A, the “Equity Inns Portfolio Pari Passu Companion Loans”) have an aggregate outstanding principal balance as of the Cut-off Date of $67,200,000 and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Equity Inns Portfolio Whole Loan balance.

With respect to Loan No. 9, One Harbor Point Square, the mortgage loan is part of a whole loan with an original principal balance of $82,000,000 (the “One Harbor Point Square Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 (the “One Harbor Point Square Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $41,000,000 and is being contributed to the JPMDB 2016-C2 Trust. Note A-1 (the “One Harbor Point Square Pari Passu Companion Loan”) has an outstanding principal balance as of the Cut-off Date of $41,000,000 and is held by Citigroup Global Markets Realty Corp. and is expected to be contributed to a future securitization trust. All loan level metrics are based on the One Harbor Point Square Whole Loan balance.
   
  “With respect to Loan No. 11, Naples Grande Beach Resort, the mortgage loan is part of a whole loan with an original principal balance of $165,000,000 (the “Naples Grande Beach Resort Whole Loan”) which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3). Note A-3 has an outstanding principal balance as of the Cut-off Date of $35,000,000 and is being contributed to the JPMDB 2016-C2 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $70,000,000 and was contributed to the JPMBB 2016-C1 trust. Note A-2 has an outstanding principal balance

 

A-1-21
 

 

  as of the Cut-off Date of $60,000,000 and was contributed to the DBJPM 2016-C1 trust. All loan level metrics are based on the Naples Grande Beach Resort Whole Loan balance.

With respect to Loan No. 14, Palisades Center, the mortgage loan is part of a $418,500,000 whole loan (the “Palisades Center Whole Loan”), which is comprised of three pari passu components (Note A-1-A, Note A-1-B and Note A-2-A) and three subordinate components, each evidenced by two promissory notes (Note B-1, Note B-2, Note C-1, Note C-2, Note D-1, and Note D-2). Note A-1-B (the “Palisades Center Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $30,000,000 and is being contributed to the JPMDB 2016-C2 trust. Note A-1-A and Note A-2-A (the “Palisades Center Pari Passu Companion Loans”) have an aggregate outstanding principal balance as of the Cut-off Date of $229,100,000 and were contributed to PCT 2016-PLSD trust. Note B-1, Note B-2, Note C-1, Note C-2, Note D-1 and Note D-2 (the “Palisades Center Subordinate Companion Loans”) have an aggregate outstanding principal balance as of the Cut-off Date of $159,400,000 and were contributed to the PCT 2016-PLSD trust. All loan level metrics are based on the aggregate balance of the Palisades Center Mortgage Loan and the Palisades Center Pari Passu Companion Loans, and exclude the Palisades Center Subordinate Companion Loans.

With respect to Loan No. 15, Sun MHC Portfolio, the mortgage loan is part of a whole loan with an original principal balance of $104,066,000 (the “Sun MHC Portfolio Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 (the “Sun MHC Portfolio Mortgage Loan”) has an outstanding principal balance as of the Cut-off Date of $29,066,000 and is being contributed to the JPMDB 2016-C2 Trust. Note A-1 (the “Sun MHC Portfolio Pari Passu Companion Loan”) has an outstanding principal balance as of the Cut-off Date of $75,000,000 and was contributed to the COMM 2015-DC2 trust. All loan level metrics are based on the Sun MHC Portfolio Whole Loan balance.

With respect to Loan No. 16, Hall Office Park A1/G1/G3, the mortgage loan is part of a whole loan with an original principal balance of $55,900,000 (the “Hall Office Park A1/G1/G3 Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2).  Note A-2 (the “Hall Office Park A1/G1/G3 Mortgage Loan”) has an outstanding principal balance of $27,900,000 as of the Cut-off Date and is being contributed to the JPMDB 2016-C2 Trust. Note A-1 (the “Hall Office Park A1/G1/G3 Pari Passu Companion Loan”) has an outstanding principal balance as of the Cut-off Date of $28,000,000 and was contributed to the DBJPM 2016-C1 trust. All loan level metrics are based on the Hall Office Park A1/G1/G3 Whole Loan balance.”
   
(7) Each number identifies a group of related borrowers. With respect to Loan No. 3, 100 East Pratt, the borrowers own the mortgaged property as tenants-in-common.”
   
(8) For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator fee rate), the Operating Advisor Free Rate, Asset Representation Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).

 

A-1-22
 

 

  With respect to Loan No. 1, Quaker Bridge Mall, the Interest Rate % reflects the interest rate on the Quaker Bridge Mall Mortgage Loan and the Quaker Bridge Mall Pari Passu Companion Loan only. The interest rate on the Quaker Bridge Subordinate Companion Loans is 6.00000%.

With respect to Loan No. 14, Palisades Center, the individual Interest Rates attributable to each note class comprising of the Palisades Center Whole Loan are as follows: Class A: 3.686695%; Class B: 4.330236%; Class C: 4.972118% and Class D: 5.710702%. The Interest Rate % attributable to the in-trust Palisades Center Mortgage Loan and the Palisades Center Pari Passu Companion Loans of the Palisades Center Whole Loan is 3.686695%, when extended to full precision.  The Additional Debt Interest Rate reflects a weighted average interest rate for the Palisades Center Subordinate Companion Loans, the Palisades Center Senior Mezzanine Loan (as defined below) and the Palisades Center Junior Mezzanine Loan (as defined below). The Interest Rates % attributable to the Palisades Center Subordinate Companion Loans, the Palisades Center Senior Mezzanine Loan and the Palisades Center Junior Mezzanine Loan are 5.003934%, 5.450000% and 8.000000%, respectively.
   
(9) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
   
(10) With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.
   
(11) With respect to Loan No. 4, Sanofi Office Complex, the mortgage loan is structured with an anticipated repayment date (“ARD”) of January 6, 2021. In the event the Sanofi Office Complex Whole Loan is not paid off on or prior to the ARD, the borrower is required to make monthly interest-only payments equal to the greater of (i) 8.59300% and (ii) 7.00000% plus the greater of (a) the 5-year swap offered side rate as of the ARD and (b) the 5-year treasury rate as of the ARD, which are required to be first applied to interest accruing at the initial interest rate, and then to principal. Interest accrued at the revised rate and not paid monthly will be deferred. The Final Mat Date is July 31, 2026.
   
(12) The “L” component of the prepayment provision represents lockout payments.

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

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

The “O” component of the prepayment provision represents the free payments including the Maturity Date.

With respect to Loan No. 1, Quaker Bridge Mall, defeasance of the full $180.0 million Quaker Bridge Mall Whole Loan is permitted after the earlier to occur of (i) June 1, 2019 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized (such date in (ii) is referred to as the “REMIC Prohibition Period”). If the REMIC Prohibition Period has not expired by June 1, 2019, the borrower may prepay the Quaker Bridge Mall Whole Loan in whole, but not in part, with the payment of a yield maintenance premium. The assumed lockout period of 24

 

A-1-23
 

 

  payments is based on the expected JPMDB 2016-C2 securitization closing date in May 2016. The actual lockout period may be longer.

With respect to Loan No. 3, 100 East Pratt, defeasance of the full $110.4 million 100 East Pratt Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected JPMDB 2016-C2 securitization closing date in May 2016. The actual lockout period may be longer. If the borrower elects to prepay the 100 East Pratt Whole Loan prior to the closing date of the securitization involving any portion of the loan, the borrower is permitted to prepay the 100 East Pratt Whole Loan with the payment of a yield maintenance premium.

With respect to Loan No. 5, Williamsburg Premium Outlets, defeasance of the full $185.0 million Williamsburg Premium Outlets Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) March 6, 2019. The assumed lockout period of 27 payments is based on the expected JPMDB 2016-C2 securitization closing date in May 2016. The actual lockout period may be longer.

With respect to Loan No. 6, Four Penn Center, defeasance of the full $68.925 million Four Penn Center Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized (the “Permitted Defeasance Date”). If the Permitted Defeasance Date has not occurred by June 1, 2019, the borrower will be permitted to prepay the Four Penn Center Whole Loan in whole, but not in part, with a yield maintenance premium. The assumed lockout period of 24 payments is based on the expected JPMDB 2016-C2 securitization closing date in May 2016. The actual lockout period may be longer.

With respect to Loan No. 9, One Harbor Point Square, defeasance of the full $82.0 million One Harbor Point Square Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) three years from the origination date of April 11, 2016. Prepayment with the yield maintenance premium of the full $82.0 million One Harbor Point Square Whole Loan is permitted at any time prior to March 6, 2026.
   
(13) With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed and/or acquired.

With respect to Loan No. 4, Sanofi Office Complex, 2015 Revenues ($), 2015 Total Expenses ($) and 2015 NOI ($) are based on the trailing 12-month period ending September 30, 2015. The mortgaged property has a single tenant, Sanofi-Aventis U.S. Inc., operating under a triple net lease. In addition, 2013 NOI ($) is unavailable due to the borrower’s acquisition of the mortgaged property in March 2014. 2014 NOI ($) represents the trailing 9-month period ending December 2014, annualized.

With respect to Loan No. 4, Sanofi Office Complex, 2014 Revenues ($) and 2015 Revenues ($) are based on the borrower’s reported financial statements, which straight-lined the tenant’s rent for accounting purposes.

 

A-1-24
 

 

  With respect to Loan No. 8, DoubleTree Houston Intercontinental Airport, Most Recent Revenues ($), Most Recent Total Expenses ($) and Most Recent NOI ($) are based on the trailing 12-month period ending March 31, 2016, with the exception of January 2016, which reflects January 2015 operating statistics. Due to acquisition timing, January 2016 financials were not available.

With respect to Loan No. 19, Legends at Kingsville, limited historical financial information is available due to the recent construction of the property, which was completed in 2015.

With respect to Loan No. 22, Residence Inn Murfreesboro, limited historical financial information is available due to recent construction of the property, which was completed in 2015.

With respect to Loan No. 24, Bella Vista, limited historical financial information is available due to the recent construction of the property, which was completed in 2014.

With respect to Loan No. 26, Home2Suites Hilton Lehi, limited historical financial information is available due to recent construction of the property, which was completed in 2014.

With respect to Loan No. 28, 120 Halsted Street, limited historical financial information is available due to the recent construction of the property, which was completed in 2016.

With respect to Loan No. 29, 21st Century SS Monterey, 2014 Revenues ($), 2014 Total Expenses ($) and 2014 NOI ($) are based on the trailing 10-month period ending December 31, 2014, annualized.”
   
(14) With respect to all hotel properties, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.

With respect to Loan Nos. 7, 22, and 26, Equity Inns Portfolio, Residence Inn Murfreesboro and Home2Suites Hilton Lehi, the FF&E reserve was included in UW Capital Items ($).

With respect to Loan No. 28, 120 Halsted Street, UW NOI ($) and UW NCF ($) reflect an anticipated reduced real estate tax expense of $105,727, which is based on the full unabated tax expense of $144,820 reduced by the average present value of the tax abatements of $39,093 under the real estate tax abatement program application pending with the City of East Orange, New Jersey. If the tax abatement application is not granted, then real estate taxes are estimated to be $144,820 for the next year.”
   
(15) The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.
   
(16) With respect to Loan No. 14, Palisades Center, there are three parcels at the mortgaged property which are ground leased by the borrower. The ground leases expire in September 30, 2065, July 31, 2094 and March 31, 2096. There is also one more parcel which is ground leased to the borrower by an affiliated entity, but the ground lessor has pledged the fee interest to the lender as security for the loan.

 

A-1-25
 

 

   
(17) With respect to Loan No. 29, 21st Century SS Monterey, the mortgaged property is subject to a ground lease between the borrower and the Monterey Peninsula Airport District. The ground lease had an initial term expiring on December 31, 2035. The loan sponsor recently executed a 10-year extension option, as well as a subsequent five month extension, extending the ground lease through May 31, 2046. The current ground rent payment equates to $4,701 per month or $56,412 annually.
   
(18) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.

With respect to Loan No. 2, 787 Seventh Avenue, the borrower was required at origination to deposit $29,427,304 for prepaid rent (of which $25,291,620 is prepaid rent for Sidley Austin LLP, $3,820,957 of which was subsequently released to the borrower for tenant reimbursements for prepaid real estate taxes through June 30, 2016 resulting in a prepaid rent reserve of $25,606,347) and $1,138,085 for rent support to fund certain costs, expenses and free rent related to the New Mountain Capital renewal space on the 49th floor, the UBS expansion space on the 13th floor, the Stifel expansion space on the 12th floor and the BNP Paribas expansion on the 32nd and 33rd floors into the Upfront Other Reserve ($).

With respect to Loan No. 3, 100 East Pratt, the Upfront Other Reserve ($) represents (i) a reserve for outstanding tenant improvements and leasing commissions for four tenants at the mortgaged property in the amount of $13,769,268, including the Largest Tenant, T. Rowe Price Associates, Inc. ($13,385,150 is allocated to tenant improvements and leasing commissions associated with the Largest Tenant) and (ii) a reserve for outstanding free rent/rent abatements for two tenants at the mortgaged property in the amount of $3,782,785, including the Largest Tenant ($3,773,621 is allocated to free rent for the Largest Tenant).

With respect to Loan No. 8, DoubleTree Houston Intercontinental Airport, Upfront Other Reserve ($) includes a letter of credit delivered by the borrower in lieu of a cash reserve for purposes of completing the property improvement plan required by the related franchise agreement. At such time that the remaining cost to complete the property improvement plan is $2,990,000 or less, the mortgage loan documents provide that the letter of credit may be reduced to an amount equal to $2,990,000. Upfront Other Reserve ($) also includes a liquor license reserve in the amount of $250,000 which the borrower was required to escrow at origination in connection with the temporary license agreement under which an affiliate of the seller has agreed to serve alcoholic beverages at the mortgaged property until the earlier of (i) such time as the current manager or its affiliate is issued a permit to serve alcohol or (ii) 60 days following the origination date of the loan, subject to two extensions of 30 days. The liquor license reserve will be released to the borrower at such time that the lender receives evidence of a valid liquor license in the name of the borrower or property manager authorizing the sale of alcoholic beverages at the property.

With respect to Loan No. 12, Barrett Lakes Center, the Upfront Other Reserve ($) represents (i) a reserve for outstanding tenant improvements and leasing commissions for six tenants at the mortgaged properties in the amount of $1,914,112 (including the 2nd Largest Tenant at the Barrett Lakes Center II mortgaged property, BB&T (Stephens

 

A-1-26
 

 

  & Co.), the Largest Tenant and 4th Largest Tenant at the Barrett Center Lakes I mortgaged property, Riskonnect and Evonik Degussa Corp., and the single tenant at the Barrett Lakes Center IV mortgaged property, Fresenius Management Services), and (ii) a reserve for outstanding free rent/rent abatements for five tenants at the mortgaged properties in the amount of $1,637,156 (including the 4th Largest Tenant at the Barrett Center Lakes I mortgaged property, Evonik Degussa Corp., and the single tenant at the Barrett Lakes Center IV mortgaged property, Fresenius Management Services).

With respect to Loan No. 16, Hall Office Park A1/G1/G3, the borrower was required at origination to deposit $2,500,000 as additional collateral in anticipation of the HCL tenant executing an expansion of its existing lease sweep space and commencing occupancy of 11,024 square feet of expanded premises at suite 201 of the G1 property and $342,347 for free rent into the Upfront Other Reserve ($).

With respect to Loan No. 28, 120 Halsted Street, the borrower has applied for a tax abatement from the City of East Orange, New Jersey. At origination, the borrower deposited $365,000 into the Upfront Other Reserve ($) for the pending application for the abatement. If the real estate tax abatement is approved, the funds will be deposited into the lockbox account or, if no lockbox account has been established, released to the borrower in accordance with the loan documents.”
   
  “With respect to Loan No. 30, 333 Market Street (Port of Oakland Industrial), the borrower was required to deposit $278,284 into the Upfront Other Reserve ($) in order to pay for the required seismic retrofitting work at the property and pay earthquake insurance premiums prior to and after completion of the retrofit work.”
   
(19) Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents.

With respect to Loan No. 1, Quaker Bridge Mall, the Monthly RE Tax Reserve ($) is waived provided that (i) the debt service coverage ratio based on the trailing four calendar quarter period is at least 1.30x for two consecutive calendar quarters, (ii) (x) all taxes and other charges are paid by the borrower prior to the assessment of any penalty for late payment and prior to the date that such taxes and other charges become delinquent, (y) upon request of the lender, the borrower promptly provides evidence reasonably satisfactory to the lender that such taxes and other charges have been paid prior to the assessment of any penalty for late payment and prior to the date that such taxes and other charges become delinquent and (iii) an event of default has not occurred and is not continuing.  In addition, in the event that there is an event of default or if the debt service coverage ratio based on the trailing four calendar quarter period is less than 1.30x for two consecutive calendar quarters, the borrower is required to deposit $5,954 into the Monthly Capex Reserve ($) subject to a cap of $214,345. To the extent that there is no event of default and the debt service coverage ratio based on the trailing four calendar quarter period is equal to or greater than 1.30x for two consecutive calendar

 

A-1-27
 

 

  quarters, the borrower has the right to deliver a guaranty from the carveout guarantor in lieu of making monthly deposits to the Monthly TI/LC Reserve ($).

With respect to Loan No. 2, 787 Seventh Avenue, the borrower is permitted to post one or more letters of credit acceptable to the lender in lieu of cash reserves for the Monthly TI/LC Reserve ($) and Monthly Capex Reserve ($), subject to compliance with rating agency requirements.

With respect to Loan No. 3, 100 East Pratt, the borrowers are required to deposit into the Monthly Other Reserve ($) all excess cash flow after the payment of debt service, required reserves and operating expenses, which will be held as additional collateral for the loan in the event that T. Rowe Price Associates, Inc. (or any tenant which leases more than 66,270 square feet at the property or any replacement tenant thereof) (a “Specified Tenant”) (i) defaults (other than with respect to immaterial non-monetary terms) (ii) vacates, abandons, ceases ordinary business operations or otherwise “goes dark” or gives notice of its intent to do any of the foregoing, (iii) gives notice of its intention to cancel or terminate its lease; (iv) becomes subject to any bankruptcy or insolvency proceeding, or (v) fails to provide notice to extend its lease prior to the earlier of (x) the date that is 12 months prior to the scheduled expiration date of such Specified Tenant’s lease or (y) the date under such Specified Tenant’s lease by which such Specified Tenant is required to give notice of its exercise of a renewal option thereunder (and such renewal has not been so exercised). In addition, the borrowers are required to deposit an amount equal to the aggregate total of all rent associated with any lease for which a tenant has exercised a contraction or termination option under the applicable lease (a “Lease Contraction Event”). The borrowers are required to deposit any early lease termination or contraction fee in connection with a Lease Contraction Event within three business days of receipt.

With respect to Loan No. 4, Sanofi Office Complex, the Monthly RE Tax Reserve ($), Monthly Ins. Reserve ($) and Monthly Capex Reserve ($) are waived provided that the sole tenant at the mortgaged property, Sanofi-Aventis U.S. Inc., is paying such expenses pursuant to its lease (or, with respect to the Monthly Capex Reserve ($), the borrower is paying for capital expenditures and the guaranty of the borrower’s maintenance obligations under the sole tenant lease is in full force and effect). In addition, the Monthly Other Reserve ($) represents a reserve for condominium assessments and charges. As of the Cut-off Date, the condominium association has not started assessments or common area charges under the condominium documents.
   
  With respect to Loan No. 6, Four Penn Center, there is a cash sweep period in effect as of the origination date of the mortgage loan, and all excess cash flow after payment of monthly debt service, required reserves and operating expenses is required to be deposited into the Monthly TI/LC Reserve ($).  On a monthly basis commencing after the occurrence of either of the following (a “2018 Rollover Cure”): (i) the balance of funds in the Monthly TI/LC Reserve ($) is equal to or greater than $50.00 per square foot with respect to the office square footage for any portion of the leases for the Largest Tenant, Elsevier, Inc., the 2nd Largest Tenant, Post & Schell, and the 3rd Largest Tenant, Federal Insurance Company, that has not been renewed or re-leased beyond its current 2018 expiration date in accordance with the mortgage loan documents or (ii) the achievement of a debt service coverage ratio (excluding rent from any of the foregoing

 

A-1-28
 

 

  tenants under any portion of a related lease that is not renewed or re-leased) of at least 1.10x for one quarter, based on the trailing three-month period, the cash sweep period will expire and the borrower will be required to escrow $74,035 ($1.70 per square foot annually) for tenant improvements and leasing commissions into the Monthly TI/LC Reserve ($). In addition, to the extent there is a cash sweep period as a result of (a) the occurrence of the date on which the debt service coverage ratio, based on trailing three-months of gross income from operations, is less than 1.10x, at any time after January 1, 2019, or (b) to the extent more than 25.0% of the square footage is leased to two or fewer tenants and such leases are scheduled to expire in the 2023 calendar year, the occurrence of the date that is the latest of (1) the date on which the preceding lease concentration first occurs, (2) the occurrence of any 2018 Rollover Cure or (3) January 1, 2019, all excess cash flow is required to be deposited into the Monthly TI/LC Reserve ($).

With respect to Loan No. 7, Equity Inns Portfolio, the borrowers are required to make 11 quarterly deposits, which began in December 2015 and end in June 2018, into the Monthly Other Reserve ($) of a pre-determined amount as set forth under the loan agreement, in the aggregate of $27,500,000, in association with required PIP work.

With respect to Loan No. 8, DoubleTree Houston Intercontinental Airport, commencing on the payment date in February 2017 through and including the payment date in January 2018, the borrower is required to escrow into the Monthly Capex Reserve ($) 2.0% of gross income from operations based on the calendar month two months prior to such payment date. Commencing on the payment date in February 2018 and on each payment date thereafter, the monthly escrow amount is required to be 4.0% of gross income from operations based on the calendar month two months prior to such payment date. The borrower is also required to deposit into the Monthly Capex Reserve ($) an amount reasonably estimated by the lender as necessary to complete any property improvement plan (other than the current property improvement plan). Subaccounts may be established to segregate the amounts on deposit from FF&E monthly deposits and PIP monthly deposits.

With respect to Loan No. 9, One Harbor Point Square, during a trigger period and/or mezzanine trigger period, the borrower is required to deposit into the Monthly Other Reserve ($) the sum of 1/12 of an amount which would be sufficient to pay the declaration assessments that are anticipated to accrue during the next 12 month period (provided, however, to the extent any anticipated declaration assessment will be of a non-recurring nature, the borrower shall be required to deposit the full amount of the anticipated assessment (as opposed to 1/12 of the applicable amount)). Declaration assessments will mean all common charges and any special assessments or other amount of charges levied against the borrower pursuant to the Declaration of Harbor Point Planned Community, dated August 13, 2008 and as amended.
 
With respect to Loan No. 11, Naples Grande Beach Resort, at any time that the debt yield (as calculated in accordance with the mortgage loan documents) is below 12.0% on the payment dates occurring in each December, January, February, March, April and May, the borrowers are required to deposit into the Monthly Other Reserve ($) all excess cash flow on such payment dates for a seasonality reserve.

 

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  With respect to Loan No. 11, Naples Grande Beach Resort, the Monthly Ins. Reserve ($) represents 1/12 of the annual estimated insurance premium for flood coverage. The mortgage loan documents generally provide that the monthly reserve for insurance premiums is waived, provided that there is no event of default has occurred or is continuing and the borrowers insure the mortgaged property pursuant to a blanket insurance policy in accordance with the mortgage loan documents, but the flood coverage is a standalone policy that is not included as part of the blanket policy.
   
  With respect to Loan No. 12, Barrett Lakes Center, the borrower is required to make deposits of $26,212 into the Monthly TI/LC Reserve ($) commencing on the payment date in January 2018. Additionally, in the event that the Largest Tenant at the Barrett Lakes Center II mortgaged property, Insperity Support Services, (i) terminates its lease or gives notice of its intention to do so, (ii) fails to extend or renew its lease on terms and conditions reasonably acceptable to the lender on or prior to the earlier of (x) the expiration of the renewal period and (y) the date that is nine months prior to the applicable lease expiration date or (iii) fails to be in actual physical possession of its leased space, fails to be open to the public or goes dark, the borrower is required to deposit all excess cash flow into the Monthly TI/LC Reserve ($). Additionally, in the event the borrower elects to lease or re-lease the premises currently demised to the Largest Tenant at the Barrett Lakes Center II mortgaged property, Insperity Support Services, to one or more replacement tenants acceptable to the lender, the borrower is required to deposit into Monthly Other Reserve ($) a sum equal to the total amount of any free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by the borrower to such replacement tenants.

With respect to Loan No. 17, New Town Collier Portfolio, the mortgage loan documents provide that so long as the borrowers provide the lender with sufficient funds to pay all taxes at least 15 days prior to the date required to receive the maximum discount under Florida law, the lender is required to use commercially reasonable efforts to apply the funds in the Upfront RE Tax Reserve ($) and Monthly RE Tax Reserve ($) to the payment of taxes within the deadline to receive the discount. JPMCB underwrote real estate taxes based on the actual 2015 taxes less a 4.0% discount.

With respect to Loan No. 21, Hampton Inn Seattle Airport, the borrower is required to make deposits into the Monthly Capex Reserve ($) account in an amount equal to 4.0% of the gross income from operations for the calendar month two months prior to such payment date; provided, however, such monthly deposit will increase by 1.0% of the gross income from operations (i) each time the borrower fails to achieve certain standards of quality evaluations administered by the franchisor, and (ii) if, as of January 1, 2022 and each anniversary thereafter, the borrower fails to spend, in the aggregate, $4,500 per room on FF&E replacements and repairs for the prior 36 month period, unless, with respect to this subsection (ii) only, the borrower spends, in the aggregate for the immediately prior 36 month period, $4,500 per room on FF&E replacements and repairs.

With respect to Loan No. 23, Hampton Inn Nashville - Bellevue, commencing on the payment date in April 2018, the borrower is required to make deposits into the Monthly Capex Reserve ($) in an amount equal to the greater of (i) 4.0% of the gross income from operations of the property for the calendar month two months prior to such payment

 

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  date or (ii) such higher amount required under the Hampton Inn Nashville - Bellevue franchise agreement or any replacement franchise agreement.

With respect to Loan No. 27, Hampton Inn Carrollton, beginning on July 1, 2022, the borrower is required to make deposits into the Monthly Other Reserve ($) in the amount of $32,100 to reserve sufficient funds to pay for any property improvement plan required by a new or renewed franchise agreement upon expiration of the current franchise agreement in July 2024.

With respect to Loan No. 28, 120 Halsted Street, the borrower is required to make deposits, up to and including the payment date in May 2019, into the Monthly Other Reserve ($) in the amount of $14,583 for the pending tax abatement application with the City of East Orange, New Jersey. If the real estate tax abatement is approved, the funds will be deposited into the lockbox account or, if no lockbox account has been established, released to the borrower in accordance with the loan documents.
   
  With respect to Loan No. 29, 21st Century SS Monterey, the borrower will be required to deposit any Excess Advance Rentals Collection Amounts into the Monthly Other Reserve ($) to cover applicable prepaid rent periods. The borrower is permitted, so long as no trigger period exists, to collect rents for more than one month in advance, but no more than 12 months in advance (“Advance Rentals”), so long as such Advance Rentals do not exceed, in the aggregate, ten percent of the rents attributable to self-storage leases only (the “Advance Rentals Collection Cap”). The borrower will be required to deposit with the lender any prepaid rent collected that exceeds the Advance Rentals Collection Cap (the “Excess Advance Rentals Collection Amounts”).
   
(20) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

With respect to Loan No. 16, Hall Office Park A1/G1/G3, the Monthly TI/LC Reserve ($) will be subject to a cap of $1,000,000 on any date on or after June 1, 2022, provided at least 90% of the rentable square footage of the properties are occupied by tenants making full rent payments.
   
(21) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property.
   
(22) In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

With respect to Loan No. 10, High Crossing Portfolio, for the 2418 Crossroads Drive mortgaged property, the 4th Largest Tenant, Dept. of Corrections, occupies two spaces at the property. The expiration date for the 3,448 square foot space is January 31, 2019 and the expiration date for the 2,873 square foot space is May 31, 2020.
   
(23) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its

 

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  leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 1, Quaker Bridge Mall, the 3rd Largest Tenant, H&M, has the right to terminate its lease within one year beginning November 15, 2016 if its gross sales do not equal at least $4,369,050 (approximately $251 per square foot) with 60 days written notice and payment of a termination fee of $582,540 (approximately $33 per square foot) prorated to the unamortized number of months. Such termination will be effective one year after delivery of such notice.

With respect to Loan No. 2, 787 Seventh Avenue, the Largest Tenant, BNP Paribas, has the one-time right to terminate its lease for its entire leased space, effective December 31, 2019, provided the tenant has given landlord notice not later than June 30, 2018 and subject to payment of a termination fee. Additionally, the Largest Tenant, BNP Paribas, is subleasing approximately 65,234 square feet from Morgan Stanley Smith Barney Financing LLC (“MSSB”). When the MSSB lease expires on June 20, 2016, the sub-leased premises will be subject to the BNP Paribas lease that expires December 31, 2022.

With respect to Loan No. 3, 100 East Pratt, the Largest Tenant, T. Rowe Price Associates, Inc., has the right to contract its space with respect to one or more of the 13th, 14th or 16th floors as of December 31, 2024, with 18 months’ notice and the payment of a termination fee of $486,007 per floor. In addition, the tenant has the right to contract its space with respect to the investor center space any time after June 30, 2017, with 18 months’ notice and the payment of a termination fee. If the 15th floor expansion space is not delivered to the borrower by October 1, 2016 (the “Outside Date”), the tenant has the option to terminate its lease with respect to the 15th floor expansion space with written notice provided at least 15 days after the Outside Date, with such termination to be effective as of July 1, 2024. The tenant is required to deliver the notice of termination with 18 months’ notice and the payment of a termination fee of $20,381,060. Additionally, the 5th Largest Tenant, Jones Lang LaSalle, has the right to terminate its lease effective as of April 30, 2017, with 12 months’ notice and the payment of a termination fee.

With respect to Loan No. 4, Sanofi Office Complex, the liability of the lease guarantor, Sanofis-Aventis, is capped at $250,000,000 in the aggregate.
   
  With respect to Loan No. 5, Williamsburg Premium Outlets, the guaranty (which also includes environmental indemnity provisions) provides that the guarantor’s liability may not exceed $37.0 million in the aggregate (20.0% of the original loan amount), plus all reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the guaranty or the preservation of the lender’s rights thereunder.

With respect to Loan No. 6, Four Penn Center, the 3rd Largest Tenant, Federal Insurance Company, is subleasing approximately 21,832 square feet of its space to Internet Order, LLC, which has assigned the sublease to TD Bank, N.A. The prime lease and sublease have the same expiration date.

 

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  With respect to Loan No. 9, One Harbor Point Square, the Largest Tenant, Bridgewater Associates, has the right to terminate its lease on the seventh, tenth, eleventh, twelfth, thirteenth and fourteenth anniversary dates of its rent commencement with 12 months’ prior notice and payment of a termination fee. The 4th Largest Tenant, Waypoint Residential, has a termination option effective on the last day of the 60th month from its lease commencement with 12 months’ prior notice and payment of termination fee.

With respect to Loan No. 10, High Crossing Portfolio, the Largest Tenant at the 5325 Wall Street mortgaged property, Fiserv Solutions, has the right to terminate its lease at any time with 270 days’ written notice and a termination fee. The option will expire if the tenant exercises its right to expand its lease space. The Largest Tenant at the 2310 Crossroads Drive mortgaged property, Cardinal Stritch University, has the right to terminate its lease if the parking ratio for the building falls below 2.75 parking spaces per 1,000 square feet and the landlord cannot otherwise accommodate the tenant’s parking needs with 45 days written notice. The Largest Tenant at the 2601 Crossroads Drive mortgaged property, Cottingham & Butler Insurance, has the right to terminate its lease any time after August 31, 2019 with at least seven months’ written notice and payment of a termination fee. The Largest Tenant at the 2801 Crossroads Drive mortgaged property, City of Madison, has the right to terminate its lease at any time with 180 days’ written notice, if funds anticipated for the fulfillment of the lease are at any time not forthcoming or insufficient, either through failure of the City of Madison or other funding sources. The 2nd Largest Tenant at the 2418 Crossroads Drive mortgaged property, Performance Gateway, LLC, has the right to terminate its lease anytime after February 28, 2017 with at least six months’ written notice and payment of a termination fee. The 2nd Largest Tenant at the 2810 Crossroads Drive mortgaged property, iNOC, has the one time right to terminate its lease on May 31, 2021 with written notice by August 31, 2020 with a termination fee equal to $147,878 paid not later than December 31, 2020. The 2nd Largest Tenant at the 2801 Crossroads Drive mortgaged property, Insphere Insurance, has the right to terminate its lease at any time with 180 days’ written notice and payment of a termination fee. The 3rd Largest Tenant at the 2801 Crossroads Drive mortgaged property, The ASU Group, has the right to terminate its lease at any time after February 29, 2020 with at least six months’ written notice and payment of a termination fee. The 4th Largest Tenant at the 2310 Crossroads Drive mortgaged property, Cisco Systems, has the right to terminate its lease at any time after May 31, 2016 with 180 days’ written notice and payment of a termination fee. The 4th Largest Tenant at the 2810 Crossroads Drive, In Home Health, LLC, has the one time right to terminate its lease on September 30, 2017 with written notice no later than March 31, 2017 and payment of a termination fee.

With respect to Loan No. 12.01, Barrett Lakes Center – Barrett Lakes Center II, the Largest Tenant, Insperity Support Services, has the right to contract its leased space by up to 25% as of September 30, 2018, with 12 months’ notice and the payment of a termination fee.  

With respect to Loan No. 12.02, Barrett Lakes Center – Barrett Lakes Center I, the Largest Tenant, Riskonnect, has the right to terminate its lease in July 2020 with at least 90 days’ notice and payment of a termination fee.  

 

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  With respect to Loan No. 13, Saint Germaine Apartments, the mortgage loan documents permit the related borrower to lease up to five units to affiliates or employees of the borrower, provided that such parties are involved with the daily operations of the property.

With respect to Loan No. 16, Hall Office Park A1/G1/G3, the Largest Tenant at the Hall Office Park G1 mortgaged property, HCL, has the one-time right to terminate its lease as of March 31, 2020. The tenant must provide notice on or before December 31, 2018 and must pay a termination fee equal to two monthly installments of base rent equal to $289,977 and all base rental amounts which would have been payable by the tenant during the abatement period equal to $396,130 plus any unamortized costs.

With respect to Loan No. 17.01, New Town Collier Portfolio – New Town Commerce Center, the 2nd Largest Tenant, the US Department of Agriculture, has the right to terminate its lease with 90 days’ notice.

With respect to Loan No. 17.02, New Town Collier Portfolio – Collier Park of Commerce, the 4th Largest Tenant, STH Distribution, has the right to terminate its lease on December 31, 2016, with 90 days’ notice and the payment of a termination fee.  

With respect to Loan No. 18, 1505 East Warner, the Largest Tenant, County of Orange, has the right to terminate its lease at any time after December 31, 2027 and prior to December 31, 2030 with 12 months’ written notice with a termination fee equal to the leasing costs amortized over the last 15 years of the term, including interest at the rate of 8% per annum.

With respect to Loan No. 20, Omni Storage Portfolio, the mortgage loan documents permit the related borrowers to lease up to nine units at the properties to one or more affiliates of the borrower, provided that such affiliate(s) actually uses such units for storage purposes.

With respect to Loan No. 30, 333 Market Street (Port of Oakland Industrial), the Largest Tenant, Darcoid Company, has the option to terminate its lease with at least 90 days’ notice during the last two years of the lease in the event of (1) a change in applicable laws and the tenant’s specific use of the premises with the current use being mostly industrial warehouse/distribution with some light manufacturing and (2) the cost of capital expenditures required to alter the property in order to bring it up to the new ordinance code exceeds six months’ base rent, unless within 10 days of tenant’s termination notice, landlord elects to pay the difference between the cost and the six months’ base rent. The 2nd Largest Tenant, Lonely Planet, has the right to terminate its lease upon at least 180 days’ written notice at any time after November 1, 2019 with a termination fee equal to $111,150.
   
(24) In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes.

With respect to Loan No. 1, Quaker Bridge Mall, the aggregate liability of the Principal / Carveout Guarantor is capped at $36,000,000 plus all reasonable out-of-pocket costs and expenses (including, without limitation, court costs and attorneys’ fees) incurred by the lender in its enforcement of rights under the loan documents.

 

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  With respect to Loan No. 14, Palisades Center, the Principal / Carveout Guarantor’s liability for any breach or violation of certain bankruptcy, insolvency and substantive consolidation carveouts in the Palisades Center Whole Loan documents is capped at 20% of the amount of the Palisades Center Whole Loan.
   
(25) The classification of the lockbox types is described in the Preliminary Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” and “–Certain Calculations and Definitions” for further details.
   
(26) With respect to Loan No. 1, Quaker Bridge, prior to the occurrence and continuance of a control appraisal period with respect to the related subordinate companion loan, the holder of Note B-1 of the related subordinate companion loan will have certain consent rights with respect to the whole loan.
   
(27) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Existing Mezzanine Debt,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the Preliminary Prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 2, 787 Seventh Avenue, Additional Debt includes a junior note with an original principal balance of $214.0 million that was contributed to the COMM 2016-787S transaction. In addition, a $220.0 million mezzanine loan was funded concurrently with the origination of the 787 Seventh Avenue Whole Loan and thereafter sold to 787 Manhattan Barnes, LLC. The mezzanine loan is coterminous with the 787 Seventh Avenue Whole Loan and accrues interest at a fixed per annum rate equal to 4.85000%. An intercreditor agreement is in place with respect to the 787 Seventh Avenue Whole Loan and the related mezzanine loan.

With respect to Loan No. 7, Equity Inns Portfolio, W2007 Equity Inns Partnership, L.P. and W2007 Equity Inns Trust (collectively, “Equity Inns PE Member”), each an affiliate of Whitehall Street Global Real Estate Limited Partnership 2007 (which is the real estate private equity unit of Goldman Sachs Group, Inc.) hold a preferred equity interest with an outstanding balance of $65,246,820 as of April 1, 2016 in an upper-tier affiliate of the borrowers (“Holdco”). Provided no Equity Inns PE Changeover event has occurred, Equity Inns PE Member is entitled to a preferred return on its investment payable from cash flow from the Equity Inns Portfolio properties, equal to 7.5% for the period ending August 27, 2016 and 8.0% thereafter. If an Equity Inns PE Changeover Event has occurred, Equity Inns PE Member is entitled to an increase of 5.0% above such preferred return.  50% of the Equity Inns PE Member’s original capital contributions are required to be paid to Equity Inns PE Member by February 27, 2018 and 100% of such capital contributions are required to be paid to Equity Inns PE Member by February 27, 2019.  The balance of the preferred equity investment (inclusive of all returns required to be paid pursuant to the operating agreement of Holdco) is required to be redeemed in full by payment to Equity Inns PE Member of (i) all its capital contributions, (ii) Equity Inns PE Member’s required return plus (iii) any other amounts due to Equity Inns PE Member on or prior to the date that is the earlier of (x) the date of the first occurrence of an Equity Inns PE Changeover Event or (y) January 4, 2021 (the “Mandatory Equity Inns

 

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  PE Redemption Date”). Upon the occurrence of certain events (each an “Equity Inns PE Changeover Event”) set forth in Holdco’s organizational documents (including Holdco’s failure to pay the monthly preferred return, the failure to repay Equity Inns PE Member’s capital contributions as provided in Holdco’s operating agreement and the failure to redeem the preferred equity investment by the Mandatory Equity Inns PE Redemption Date), Equity Inns PE Member is entitled to take over control of Holdco and thereby control over the borrowers.

With respect to Loan No. 9, One Harbor Point Square, a $16.9 million mezzanine loan was funded concurrently with the One Harbor Point Square Whole Loan. The mezzanine loan is coterminous with the One Harbor Point Square Whole Loan, accrues interest at a rate of 10.80000% per annum and amortizes on a 30-year schedule after an initial 12-month interest-only period. The mezzanine borrower under the mezzanine loan is One Harbor Point Square Mezz LLC. The current holder of the mezzanine loan is SMHF Cayman Hotel, LLC.
   
  With respect to Loan No. 12, Barrett Lakes Center, at origination of the mortgage loan, JPMCB provided a short-term mezzanine loan in the original principal amount of $4,515,000 in order to permit the borrower sponsor sufficient time to complete its equity raise. The mezzanine loan was paid off in full on March 31, 2016.

With respect to Loan No. 14, Palisades Center, additional debt is comprised of the Palisades Center Subordinate Companion Loans, a senior mezzanine loan (the “Palisades Center Senior Mezzanine Loan”) with an outstanding principal balance as of the Cut-off Date of $75.0 million and a junior mezzanine loan (the “Palisades Center Junior Mezzanine Loan”) with an outstanding principal balance as of the Cut-off Date of $66.5 million. The mortgage loan documents provide that the junior mezzanine borrower may obtain an additional advance of principal in an amount not greater than an amount equal to the lesser of (a) $75,000,000 and (b) the amount, which when added to the then outstanding principal balance of the Palisades Center Senior Mezzanine Loan and Palisades Center Junior Mezzanine Loan and the mortgage loan yields: (i) an aggregate loan-to-value ratio (as calculated in the loan documents) that does not exceed 63.6%; (ii) a combined debt yield (as calculated in the loan documents) that is no less than 7.9%; and (iii) the projected combined debt service coverage ratio (as calculated in the loan documents) for the succeeding 12 months that is not less than the greater of (A) 1.53x and (B) the combined debt service coverage ratio for the immediately preceding 12 months.
   
(28) With respect to Loan No. 23, Hampton Inn Nashville – Bellevue, 2013 Occupancy % was adjusted for the months of January through April 2013, during which the property underwent a renovation reducing the total available room count. 1,420 room nights were removed from the total available room count in connection with the renovations performed.

 

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