FWP 1 n711_anxa1-x4.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206677-07
     

 

     
 

Wells Fargo Commercial Mortgage Trust 2016-BNK1 Disclaimer 

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-206677) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

  

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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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

 

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

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

 

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

 

Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A.  Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.

 

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES 

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

 

In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.

 

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

 

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

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS 

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

  
     

 

   

 

 

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

 

Mortgage Loan Number Property Name Mortgage Loan Seller(1) Cross Collateralized and Cross Defaulted Loan Flag(2) Address City State Zip Code
1 The Shops at Crystals WFB/BANA   3720 South Las Vegas Boulevard Las Vegas NV 89109
2 Vertex Pharmaceuticals HQ MSMCH   11 Fan Pier Boulevard & 50 Northern Avenue Boston MA 02210
3 One Stamford Forum BANA   201 Tresser Boulevard Stamford CT 06901
4 Renaissance Dallas WFB   2222 North Stemmons Freeway Dallas TX 75207
5 Pinnacle II WFB   3300 West Olive Avenue Burbank CA 91505
6 Brewers Hill WFB   3600, 3601, 3700 O’Donnell Street Baltimore MD 21224
7 Simon Premium Outlets BANA   Various Various Various Various
7.01 Lee Premium Outlets BANA   50 Water Street Lee MA 01238
7.02 Gaffney Premium Outlets BANA   1 Factory Shops Boulevard Gaffney SC 29341
7.03 Calhoun Premium Outlets BANA   455 Belwood Road Calhoun GA 30701
8 One Penn Center WFB   1601 John F. Kennedy Boulevard Philadelphia PA 19103
9 Hilton Long Island Huntington MSMCH   598 Broad Hollow Road Melville NY 11747
10 Aurora Office Building MSMCH   750 South Richfield Street Aurora CO 80017
11 633 Third Avenue - Retail Condo WFB   633 Third Avenue New York NY 10017
12 Riverside University Village BANA   3522 Iowa Avenue; 1201, 1223 & 1299 University Avenue Riverside CA 92507
13 FedEx - Atlanta, GA BANA FedEx - Atlanta, GA & West Palm Beach, FL 7520 Factory Shoals Road Southwest Austell GA 30168
14 FedEx - West Palm Beach, FL BANA FedEx - Atlanta, GA & West Palm Beach, FL 7358 7th Place North West Palm Beach FL 33411
15 FedEx - Fife, WA BANA   3015 78th Avenue East Fife WA 98424
16 420 East Third Street MSMCH   420 East Third Street Los Angeles CA 90013
17 Courtyard Marriott - Baldwin Park MSMCH   14635 Baldwin Park Towne Center Baldwin Park CA 91706
18 Homewood Suites Del Mar WFB   11025 Vista Sorrento Parkway San Diego CA 92130
19 Corporate Center at Kierland BANA   14635 North Kierland Boulevard Scottsdale AZ 85254
20 La Crosse Industrial BANA   1637-1641 & 1717 Saint James Street La Crosse WI 54603
21 Southland Terrace Shopping Center WFB   3815-3997 South Seventh Street Road Louisville KY 40216
22 Nassau Bay Town Square WFB   1760-1850 East Nasa Parkway; 18015-18048 Saturn Lane Houston TX 77058
23 U-Stor-It Lisle BANA   2100 Ogden Avenue Lisle IL 60532
24 So Cal Self Storage - Northridge WFB   9000 Corbin Avenue Northridge CA 91324
25 FedEx Ground - South Bend, IN MSMCH   5115 Dylan Drive South Bend IN 46628
26 Westland Colonial Village Apartments MSMCH   8181 North Wayne Road Westland MI 48185
27 Dallas MHC Portfolio BANA   Various Various TX Various
27.01 Forest Acres MHC and RV Park BANA   4800 Kelly Elliot Road Arlington TX 76017
27.02 Woodshire MHC BANA   4820 Lawnview Avenue Dallas TX 75227
27.03 Cobblestone MHC BANA   2800 Proctor Street Irving TX 75061
28 So Cal Self Storage - Rancho Santa Margarita WFB   30231 Tomas Road Rancho Santa Margarita CA 92688
29 FedEx - Boulder, CO BANA   12405 West 112th Avenue Broomfield CO 80021
30 Brewster Business Park BANA   1944 Route 22 Brewster NY 10509
31 Bonanza Square WFB   2320 East Bonanza Road Las Vegas NV 89101
32 Lakeview and Creek Run Business Park BANA   Various Columbus OH Various
32.01 Lakeview Commerce Center BANA   640, 670, 690, and 720 Lakeview Plaza Boulevard Columbus OH 43085
32.02 Creekrun Business Park BANA   460, 470, 480 Schrock Road Columbus OH 43229
33 So Cal Self Storage - Camarillo WFB   4060 Via Pescador Camarillo CA 93012
34 South Main Shopping Center MSMCH   8200 & 8330 Main Street Houston TX 77025
35 Publix Self Storage WFB   9000 Angela Place Anchorage AK 99502
36 SPS Frederick WFB   17 Western Drive Frederick MD 21702
37 Shopko - Redding WFB   55 Lake Boulevard Redding CA 96003
38 West Crossing Shopping Center MSMCH   14550 Westheimer Road Houston TX 77077
39 Passaic Self Storage BANA   168 River Drive Passaic NJ 07055
40 NC Storage Center Portfolio BANA   Various Various NC Various
40.01 Highway 70 Storage Center BANA   3005 Nathan Street Newton NC 28658
40.02 North Cannon Storage Center BANA   2745 North Cannon Boulevard Kannapolis NC 28083

 

 

   

 

 

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

 

Mortgage Loan Number Property Name General Property Type Specific Property Type Year
Built		 Year
Renovated		 Number of Units(3) Unit of Measure(3) Cut-off Date Balance Per Unit/SF(4) Original Balance ($)(4)(5) Cut-off Date Balance ($)(4)(5)  
1 The Shops at Crystals Retail Anchored 2009   262,327 Sq. Ft. 1,459 80,000,000 80,000,000  
2 Vertex Pharmaceuticals HQ Office CBD 2013   1,133,723 Sq. Ft. 375 80,000,000 80,000,000  
3 One Stamford Forum Office CBD 1973 2000 504,471 Sq. Ft. 218 71,500,000 71,387,864  
4 Renaissance Dallas Hospitality Full Service 1983 2015 514 Rooms 116,732 60,000,000 60,000,000  
5 Pinnacle II Office CBD 2005   230,000 Sq. Ft. 378 40,000,000 40,000,000  
6 Brewers Hill Mixed Use Office/Self Storage 1885 2005 382,213 Sq. Ft. 105 40,000,000 40,000,000  
7 Simon Premium Outlets Retail Outlet Center Various   782,765 Sq. Ft. 134 37,500,000 37,399,290  
7.01 Lee Premium Outlets Retail Outlet Center 1997   224,825 Sq. Ft.   19,285,714 19,233,921  
7.02 Gaffney Premium Outlets Retail Outlet Center 1996   303,877 Sq. Ft.   11,250,000 11,219,787  
7.03 Calhoun Premium Outlets Retail Outlet Center 1992   254,063 Sq. Ft.   6,964,286 6,945,582  
8 One Penn Center Office CBD 1930 1987 689,966 Sq. Ft. 99 35,000,000 35,000,000  
9 Hilton Long Island Huntington Hospitality Full Service 1988 2013 305 Rooms 114,754 35,000,000 35,000,000  
10 Aurora Office Building Office Suburban 1997 2016 183,529 Sq. Ft. 178 32,600,000 32,600,000  
11 633 Third Avenue - Retail Condo Retail Anchored 1962   40,468 Sq. Ft. 791 32,000,000 32,000,000  
12 Riverside University Village Retail Anchored 1998   180,126 Sq. Ft. 161 29,250,000 29,013,042  
13 FedEx - Atlanta, GA Industrial Warehouse Distribution 2016   311,489 Sq. Ft. 97 14,200,000 14,200,000  
14 FedEx - West Palm Beach, FL Industrial Warehouse Distribution 2016   225,198 Sq. Ft. 97 11,837,500 11,837,500  
15 FedEx - Fife, WA Industrial Warehouse Distribution 2015   312,928 Sq. Ft. 129 20,125,000 20,125,000  
16 420 East Third Street Mixed Use Office/Retail 1989 2016 116,152 Sq. Ft. 164 19,000,000 19,000,000  
17 Courtyard Marriott - Baldwin Park Hospitality Select Service 1990 2013 195 Rooms 97,332 19,000,000 18,979,809  
18 Homewood Suites Del Mar Hospitality Extended Stay 2005   120 Rooms 156,135 18,800,000 18,736,233  
19 Corporate Center at Kierland Office Suburban 2000   107,846 Sq. Ft. 147 15,830,000 15,830,000  
20 La Crosse Industrial Industrial Flex 1964 1989 767,722 Sq. Ft. 21 16,100,000 15,806,702  
21 Southland Terrace Shopping Center Retail Anchored 1962 2006 220,234 Sq. Ft. 64 14,000,000 14,000,000  
22 Nassau Bay Town Square Retail Anchored 2010   50,253 Sq. Ft. 256 12,880,000 12,880,000  
23 U-Stor-It Lisle Self Storage Self Storage 1978 2014 98,573 Sq. Ft. 125 12,350,000 12,320,090  
24 So Cal Self Storage - Northridge Self Storage Self Storage 2005   76,890 Sq. Ft. 150 11,500,000 11,500,000  
25 FedEx Ground - South Bend, IN Industrial Warehouse Distribution 2015   208,361 Sq. Ft. 55 12,500,000 11,500,000  
26 Westland Colonial Village Apartments Multifamily Garden 1966   304 Units 36,790 11,200,000 11,184,133  
27 Dallas MHC Portfolio Manufactured Housing Community Manufactured Housing Community Various   296 Pads 33,446 9,900,000 9,900,000  
27.01 Forest Acres MHC and RV Park Manufactured Housing Community Manufactured Housing Community 1975   133 Pads   4,612,000 4,612,000  
27.02 Woodshire MHC Manufactured Housing Community Manufactured Housing Community 1958   120 Pads   3,812,000 3,812,000  
27.03 Cobblestone MHC Manufactured Housing Community Manufactured Housing Community 1967   43 Pads   1,476,000 1,476,000  
28 So Cal Self Storage - Rancho Santa Margarita Self Storage Self Storage 1990 2002 64,262 Sq. Ft. 148 9,500,000 9,500,000  
29 FedEx - Boulder, CO Industrial Warehouse Distribution 2016   211,030 Sq. Ft. 87 9,225,000 9,225,000  
30 Brewster Business Park Industrial Flex 1975 1992 132,789 Sq. Ft. 64 8,500,000 8,490,251  
31 Bonanza Square Retail Anchored 1966 2015 107,794 Sq. Ft. 61 6,600,000 6,591,503  
32 Lakeview and Creek Run Business Park Industrial Flex 1986   207,951 Sq. Ft. 31 6,550,000 6,542,268  
32.01 Lakeview Commerce Center Industrial Flex 1986   99,056 Sq. Ft.   3,275,000 3,271,134  
32.02 Creekrun Business Park Industrial Flex 1986   108,895 Sq. Ft.   3,275,000 3,271,134  
33 So Cal Self Storage - Camarillo Self Storage Self Storage 1996   45,902 Sq. Ft. 142 6,500,000 6,500,000  
34 South Main Shopping Center Retail Unanchored 2006   17,233 Sq. Ft. 366 6,300,000 6,300,000  
35 Publix Self Storage Self Storage Self Storage 2001   92,970 Sq. Ft. 64 6,000,000 5,984,302  
36 SPS Frederick Self Storage Self Storage 2000   64,818 Sq. Ft. 78 5,100,000 5,081,563  
37 Shopko - Redding Retail Single Tenant 1989 2004 94,078 Sq. Ft. 53 5,000,000 4,967,328  
38 West Crossing Shopping Center Retail Unanchored 2015   13,335 Sq. Ft. 337 4,500,000 4,500,000  
39 Passaic Self Storage Self Storage Self Storage 1980 2001 61,282 Sq. Ft. 62 3,800,000 3,791,577  
40 NC Storage Center Portfolio Self Storage Self Storage Various Various 75,200 Sq. Ft. 38 2,887,500 2,884,226  
40.01 Highway 70 Storage Center Self Storage Self Storage 1983 2007 41,880 Sq. Ft.   1,482,963 1,481,281  
40.02 North Cannon Storage Center Self Storage Self Storage 1987   33,320 Sq. Ft.   1,404,537 1,402,944  

 

 

   

 

 

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

 

Mortgage Loan Number Property Name % of Initial Pool
Balance		 Maturity Date or ARD Balloon Payment ($)(4) ARD Loan Origination Date First Pay Date Last IO Pay Date First P&I Pay Date Maturity Date or Anticipated Repayment Date ARD Loan Maturity Date Gross Mortgage Rate Operating Advisor Ongoing Fee Rate Certificate Administrator Fee Rate
1 The Shops at Crystals 9.2% 80,000,000 N 6/9/2016 8/1/2016 7/1/2026   7/1/2026   3.74400000% 0.00000000% 0.00750000%
2 Vertex Pharmaceuticals HQ 9.2% 80,000,000 Y 7/15/2016 9/6/2016 8/6/2026   8/6/2026 11/6/2028 2.79817647% 0.00270000% 0.00750000%
3 One Stamford Forum 8.2% 53,264,274 N 6/28/2016 8/1/2016   8/1/2016 7/1/2026   4.90000000% 0.00280000% 0.00750000%
4 Renaissance Dallas 6.9% 54,816,455 N 6/1/2016 7/11/2016 6/11/2021 7/11/2021 6/11/2026   4.40000000% 0.00180000% 0.00750000%
5 Pinnacle II 4.6% 40,000,000 N 6/7/2016 7/11/2016 6/11/2026   6/11/2026   4.30000000% 0.00370000% 0.00750000%
6 Brewers Hill 4.6% 34,854,432 N 7/7/2016 8/11/2016 7/11/2019 8/11/2019 7/11/2026   4.30000000% 0.00180000% 0.00750000%
7 Simon Premium Outlets 4.3% 29,966,619 N 6/1/2016 7/1/2016   7/1/2016 6/1/2026   4.16800000% 0.00380000% 0.00750000%
7.01 Lee Premium Outlets 2.2%                      
7.02 Gaffney Premium Outlets 1.3%                      
7.03 Calhoun Premium Outlets 0.8%                      
8 One Penn Center 4.0% 30,917,876 N 7/19/2016 9/11/2016 8/11/2019 9/11/2019 8/11/2026   4.90000000% 0.00390000% 0.00750000%
9 Hilton Long Island Huntington 4.0% 29,893,239 N 7/20/2016 9/1/2016 8/1/2018 9/1/2018 8/1/2026   4.50000000% 0.00180000% 0.00750000%
10 Aurora Office Building 3.7% 27,524,960 N 7/8/2016 9/1/2016 8/1/2018 9/1/2018 8/1/2026   4.08000000% 0.00180000% 0.00750000%
11 633 Third Avenue - Retail Condo 3.7% 32,000,000 N 6/30/2016 8/11/2016 7/11/2026   7/11/2026   4.40000000% 0.00180000% 0.00750000%
12 Riverside University Village 3.3% 21,838,869 N 2/23/2016 4/1/2016   4/1/2016 3/1/2026   4.96000000% 0.00180000% 0.00750000%
13 FedEx - Atlanta, GA 1.6% 14,200,000 N 5/19/2016 7/1/2016 6/1/2026   6/1/2026   4.24600000% 0.00710000% 0.00750000%
14 FedEx - West Palm Beach, FL 1.4% 11,837,500 N 5/19/2016 7/1/2016 6/1/2026   6/1/2026   4.24600000% 0.00810000% 0.00750000%
15 FedEx - Fife, WA 2.3% 20,125,000 N 5/4/2016 7/1/2016 6/1/2026   6/1/2026   4.23600000% 0.00550000% 0.00750000%
16 420 East Third Street 2.2% 15,151,532 N 7/8/2016 9/1/2016   9/1/2016 8/1/2026   4.11000000% 0.00180000% 0.00750000%
17 Courtyard Marriott - Baldwin Park 2.2% 15,620,749 N 6/10/2016 8/1/2016   8/1/2016 7/1/2026   5.00000000% 0.00180000% 0.00750000%
18 Homewood Suites Del Mar 2.2% 15,421,153 N 4/27/2016 6/11/2016   6/11/2016 5/11/2026   4.93000000% 0.00180000% 0.00750000%
19 Corporate Center at Kierland 1.8% 13,934,500 N 6/17/2016 8/1/2016 7/1/2019 8/1/2019 7/1/2026   4.74000000% 0.00180000% 0.00750000%
20 La Crosse Industrial 1.8% 12,029,878 N 9/1/2015 10/1/2015   10/1/2015 9/1/2025   4.98000000% 0.00180000% 0.00750000%
21 Southland Terrace Shopping Center 1.6% 11,278,905 N 7/12/2016 9/11/2016   9/11/2016 8/11/2026   4.40000000% 0.00180000% 0.00750000%
22 Nassau Bay Town Square 1.5% 10,896,617 N 6/23/2016 8/11/2016 7/11/2018 8/11/2018 7/11/2026   4.15000000% 0.00180000% 0.00750000%
23 U-Stor-It Lisle 1.4% 10,046,928 N 5/19/2016 7/1/2016   7/1/2016 6/1/2026   4.68400000% 0.00180000% 0.00750000%
24 So Cal Self Storage - Northridge 1.3% 11,500,000 N 5/5/2016 6/11/2016 5/11/2026   5/11/2026   4.49900000% 0.00180000% 0.00750000%
25 FedEx Ground - South Bend, IN 1.3% 11,500,000 N 4/15/2016 6/1/2016 5/1/2026   5/1/2026   5.10000000% 0.00180000% 0.00750000%
26 Westland Colonial Village Apartments 1.3% 8,799,296 N 6/21/2016 8/1/2016   8/1/2016 7/1/2026   3.70000000% 0.00180000% 0.00750000%
27 Dallas MHC Portfolio 1.1% 8,686,910 N 6/29/2016 8/1/2016 7/1/2019 8/1/2019 7/1/2026   4.60000000% 0.00180000% 0.00750000%
27.01 Forest Acres MHC and RV Park 0.5%                      
27.02 Woodshire MHC 0.4%                      
27.03 Cobblestone MHC 0.2%                      
28 So Cal Self Storage - Rancho Santa Margarita 1.1% 9,500,000 N 5/5/2016 6/11/2016 5/11/2026   5/11/2026   4.49900000% 0.00180000% 0.00750000%
29 FedEx - Boulder, CO 1.1% 9,225,000 N 5/13/2016 7/1/2016 6/1/2026   6/1/2026   4.24600000% 0.00990000% 0.00750000%
30 Brewster Business Park 1.0% 6,912,001 N 7/1/2016 8/1/2016   8/1/2016 7/1/2026   4.67000000% 0.00180000% 0.00750000%
31 Bonanza Square 0.8% 5,270,988 N 7/1/2016 8/11/2016   8/11/2016 7/11/2026   4.15000000% 0.00180000% 0.00750000%
32 Lakeview and Creek Run Business Park 0.8% 5,303,346 N 6/30/2016 8/1/2016   8/1/2016 7/1/2026   4.54300000% 0.00180000% 0.00750000%
32.01 Lakeview Commerce Center 0.4%                      
32.02 Creekrun Business Park 0.4%                      
33 So Cal Self Storage - Camarillo 0.7% 6,500,000 N 5/31/2016 7/11/2016 6/11/2026   6/11/2026   4.25000000% 0.00180000% 0.00750000%
34 South Main Shopping Center 0.7% 4,942,924 N 6/29/2016 8/1/2016 7/1/2019 8/1/2019 7/1/2031   5.32000000% 0.00180000% 0.00750000%
35 Publix Self Storage 0.7% 4,817,052 N 5/23/2016 7/11/2016   7/11/2016 6/11/2026   4.30000000% 0.00180000% 0.00750000%
36 SPS Frederick 0.6% 4,141,654 N 5/10/2016 6/11/2016   6/11/2016 5/11/2026   4.63000000% 0.00180000% 0.00750000%
37 Shopko - Redding 0.6% 23,464 N 6/23/2016 8/11/2016   8/11/2016 7/11/2026   4.38000000% 0.00180000% 0.00750000%
38 West Crossing Shopping Center 0.5% 3,874,111 N 6/3/2016 8/1/2016 7/1/2018 8/1/2018 7/1/2026   4.80000000% 0.00180000% 0.00750000%
39 Passaic Self Storage 0.4% 3,135,441 N 5/9/2016 7/1/2016   7/1/2016 6/1/2026   5.11300000% 0.00180000% 0.00750000%
40 NC Storage Center Portfolio 0.3% 2,352,008 N 6/15/2016 8/1/2016   8/1/2016 7/1/2026   4.72000000% 0.00180000% 0.00750000%
40.01 Highway 70 Storage Center 0.2%                      
40.02 North Cannon Storage Center 0.2%                      

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Servicing Fee CREFC® IP Royalty License Fee Rate Asset Representations Reviewer Fee Rate Net Mortgage Rate Interest Accrual Method Monthly P&I Payment ($) Amortization Type Interest Accrual Method During IO Original Term to Maturity or ARD (Mos.)
1 The Shops at Crystals 0.00500000% 0.00050000% 0.00034000% 3.73066000% Actual/360 253,066.67 Interest-only, Balloon Actual/360 120
2 Vertex Pharmaceuticals HQ 0.00500000% 0.00050000% 0.00034000% 2.78213647% Actual/360 189,136.00 Interest-only, ARD Actual/360 120
3 One Stamford Forum 0.00500000% 0.00050000% 0.00034000% 4.88386000% Actual/360 413,826.71 Amortizing Balloon   120
4 Renaissance Dallas 0.02250000% 0.00050000% 0.00034000% 4.36736000% Actual/360 300,456.55 Interest-only, Amortizing Balloon Actual/360 120
5 Pinnacle II 0.00500000% 0.00050000% 0.00034000% 4.28296000% Actual/360 145,324.07 Interest-only, Balloon Actual/360 120
6 Brewers Hill 0.02250000% 0.00050000% 0.00034000% 4.26736000% Actual/360 197,948.58 Interest-only, Amortizing Balloon Actual/360 120
7 Simon Premium Outlets 0.00500000% 0.00050000% 0.00034000% 4.15086000% Actual/360 182,681.73 Amortizing Balloon   120
7.01 Lee Premium Outlets                  
7.02 Gaffney Premium Outlets                  
7.03 Calhoun Premium Outlets                  
8 One Penn Center 0.00500000% 0.00050000% 0.00034000% 4.88276000% Actual/360 185,754.35 Interest-only, Amortizing Balloon Actual/360 120
9 Hilton Long Island Huntington 0.00500000% 0.00050000% 0.00034000% 4.48486000% Actual/360 177,339.86 Interest-only, Amortizing Balloon Actual/360 120
10 Aurora Office Building 0.00500000% 0.00050000% 0.00034000% 4.06486000% Actual/360 157,144.68 Interest-only, Amortizing Balloon Actual/360 120
11 633 Third Avenue - Retail Condo 0.00500000% 0.00050000% 0.00034000% 4.38486000% Actual/360 118,962.96 Interest-only, Balloon Actual/360 120
12 Riverside University Village 0.00500000% 0.00050000% 0.00034000% 4.94486000% Actual/360 170,311.61 Amortizing Balloon   120
13 FedEx - Atlanta, GA 0.00500000% 0.00050000% 0.00034000% 4.22556000% Actual/360 50,942.17 Interest-only, Balloon Actual/360 120
14 FedEx - West Palm Beach, FL 0.00500000% 0.00050000% 0.00034000% 4.22456000% Actual/360 42,466.76 Interest-only, Balloon Actual/360 120
15 FedEx - Fife, WA 0.00500000% 0.00050000% 0.00034000% 4.21716000% Actual/360 72,027.93 Interest-only, Balloon Actual/360 120
16 420 East Third Street 0.00500000% 0.00050000% 0.00034000% 4.09486000% Actual/360 91,917.94 Amortizing Balloon   120
17 Courtyard Marriott - Baldwin Park 0.00500000% 0.00050000% 0.00034000% 4.98486000% Actual/360 101,996.11 Amortizing Balloon   120
18 Homewood Suites Del Mar 0.00500000% 0.00050000% 0.00034000% 4.91486000% Actual/360 100,119.72 Amortizing Balloon   120
19 Corporate Center at Kierland 0.00500000% 0.00050000% 0.00034000% 4.72486000% Actual/360 82,481.38 Interest-only, Amortizing Balloon Actual/360 120
20 La Crosse Industrial 0.05250000% 0.00050000% 0.00034000% 4.91736000% Actual/360 93,931.49 Amortizing Balloon   120
21 Southland Terrace Shopping Center 0.00500000% 0.00050000% 0.00034000% 4.38486000% Actual/360 70,106.53 Amortizing Balloon   120
22 Nassau Bay Town Square 0.00500000% 0.00050000% 0.00034000% 4.13486000% Actual/360 62,610.11 Interest-only, Amortizing Balloon Actual/360 120
23 U-Stor-It Lisle 0.00500000% 0.00050000% 0.00034000% 4.66886000% Actual/360 63,933.06 Amortizing Balloon   120
24 So Cal Self Storage - Northridge 0.00500000% 0.00050000% 0.00034000% 4.48386000% Actual/360 43,714.24 Interest-only, Balloon Actual/360 120
25 FedEx Ground - South Bend, IN 0.00500000% 0.00050000% 0.00034000% 5.08486000% Actual/360 49,553.82 Interest-only, Balloon Actual/360 120
26 Westland Colonial Village Apartments 0.00500000% 0.00050000% 0.00034000% 3.68486000% Actual/360 51,551.69 Amortizing Balloon   120
27 Dallas MHC Portfolio 0.00500000% 0.00050000% 0.00034000% 4.58486000% Actual/360 50,751.79 Interest-only, Amortizing Balloon Actual/360 120
27.01 Forest Acres MHC and RV Park                  
27.02 Woodshire MHC                  
27.03 Cobblestone MHC                  
28 So Cal Self Storage - Rancho Santa Margarita 0.00500000% 0.00050000% 0.00034000% 4.48386000% Actual/360 36,111.77 Interest-only, Balloon Actual/360 120
29 FedEx - Boulder, CO 0.00500000% 0.00050000% 0.00034000% 4.22276000% Actual/360 33,094.47 Interest-only, Balloon Actual/360 120
30 Brewster Business Park 0.00500000% 0.00050000% 0.00034000% 4.65486000% Actual/360 43,931.08 Amortizing Balloon   120
31 Bonanza Square 0.06250000% 0.00050000% 0.00034000% 4.07736000% Actual/360 32,082.82 Amortizing Balloon   120
32 Lakeview and Creek Run Business Park 0.00500000% 0.00050000% 0.00034000% 4.52786000% Actual/360 33,355.45 Amortizing Balloon   120
32.01 Lakeview Commerce Center                  
32.02 Creekrun Business Park                  
33 So Cal Self Storage - Camarillo 0.00500000% 0.00050000% 0.00034000% 4.23486000% Actual/360 23,340.57 Interest-only, Balloon Actual/360 120
34 South Main Shopping Center 0.04500000% 0.00050000% 0.00034000% 5.26486000% Actual/360 35,062.48 Interest-only, Amortizing Balloon Actual/360 180
35 Publix Self Storage 0.00500000% 0.00050000% 0.00034000% 4.28486000% Actual/360 29,692.29 Amortizing Balloon   120
36 SPS Frederick 0.00500000% 0.00050000% 0.00034000% 4.61486000% Actual/360 26,236.38 Amortizing Balloon   120
37 Shopko - Redding 0.00500000% 0.00050000% 0.00034000% 4.36486000% Actual/360 51,530.47 Fully Amortizing   120
38 West Crossing Shopping Center 0.07250000% 0.00050000% 0.00034000% 4.71736000% Actual/360 23,609.94 Interest-only, Amortizing Balloon Actual/360 120
39 Passaic Self Storage 0.00500000% 0.00050000% 0.00034000% 5.09786000% Actual/360 20,662.46 Amortizing Balloon   120
40 NC Storage Center Portfolio 0.00500000% 0.00050000% 0.00034000% 4.70486000% Actual/360 15,010.40 Amortizing Balloon   120
40.01 Highway 70 Storage Center                  
40.02 North Cannon Storage Center                  

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Remaining Term to Maturity or ARD (Mos.) Original IO
Period (Mos.)		 Remaining IO
Period (Mos.)		 Original Amort Term (Mos.) Remaining Amort Term (Mos.) Seasoning Prepayment Provisions(6) Grace Period Default (Days)
1 The Shops at Crystals 119 120 119 0 0 1 L(25),D(88),O(7) 0
2 Vertex Pharmaceuticals HQ 120 120 120 0 0 0 L(24),GRTR 0.5% or YM or D(89),O(7) 0
3 One Stamford Forum 119 0 0 300 299 1 L(25),GRTR 1% or YM or D(88),O(7) 2, not more than two times during the term of the loan
4 Renaissance Dallas 118 60 58 360 360 2 L(26),D(90),O(4) 0
5 Pinnacle II 118 120 118 0 0 2 L(36),GRTR 1% or YM(80),O(4) 0
6 Brewers Hill 119 36 35 360 360 1 L(25),D(91),O(4) 0
7 Simon Premium Outlets 118 0 0 360 358 2 L(26),D(87),O(7) 4
7.01 Lee Premium Outlets                
7.02 Gaffney Premium Outlets                
7.03 Calhoun Premium Outlets                
8 One Penn Center 120 36 36 360 360 0 L(24),D(91),O(5) 0
9 Hilton Long Island Huntington 120 24 24 360 360 0 L(24),D(89),O(7) 5
10 Aurora Office Building 120 24 24 360 360 0 L(24),D(92),O(4) 5
11 633 Third Avenue - Retail Condo 119 120 119 0 0 1 L(36),GRTR 1% or YM(80),O(4) 0
12 Riverside University Village 115 0 0 300 295 5 L(29),D(87),O(4) 0
13 FedEx - Atlanta, GA 118 120 118 0 0 2 L(26),D(90),O(4) 5 days, twice throughout the loan term
14 FedEx - West Palm Beach, FL 118 120 118 0 0 2 L(26),D(90),O(4) 5 days, twice throughout the loan term
15 FedEx - Fife, WA 118 120 118 0 0 2 L(26),D(90),O(4) 5 days, twice throughout the loan term
16 420 East Third Street 120 0 0 360 360 0 L(24),D(89),O(7) 5
17 Courtyard Marriott - Baldwin Park 119 0 0 360 359 1 L(25),D(91),O(4) 5
18 Homewood Suites Del Mar 117 0 0 360 357 3 L(36),GRTR 1% or YM(80),O(4) 0
19 Corporate Center at Kierland 119 36 35 360 360 1 L(25),D(91),O(4) 4
20 La Crosse Industrial 109 0 0 300 289 11 L(35),D(81),O(4) 4
21 Southland Terrace Shopping Center 120 0 0 360 360 0 L(36),GRTR 1% or YM(80),O(4) 0
22 Nassau Bay Town Square 119 24 23 360 360 1 L(25),D(91),O(4) 0
23 U-Stor-It Lisle 118 0 0 360 358 2 L(26),D(90),O(4) 4
24 So Cal Self Storage - Northridge 117 120 117 0 0 3 L(36),GRTR 1% or YM(80),O(4) 0
25 FedEx Ground - South Bend, IN 117 120 117 0 0 3 L(27),D(86),O(7) 5
26 Westland Colonial Village Apartments 119 0 0 360 359 1 L(25),D(91),O(4) 5
27 Dallas MHC Portfolio 119 36 35 360 360 1 L(25),D(88),O(7) 4
27.01 Forest Acres MHC and RV Park                
27.02 Woodshire MHC                
27.03 Cobblestone MHC                
28 So Cal Self Storage - Rancho Santa Margarita 117 120 117 0 0 3 L(36),GRTR 1% or YM(80),O(4) 0
29 FedEx - Boulder, CO 118 120 118 0 0 2 L(26),D(90),O(4) 5 days, twice throughout the loan term
30 Brewster Business Park 119 0 0 360 359 1 L(25),GRTR 1% or YM or D(91),O(4) 0
31 Bonanza Square 119 0 0 360 359 1 L(25),GRTR 1% or YM(91),O(4) 0
32 Lakeview and Creek Run Business Park 119 0 0 360 359 1 L(25),D(91),O(4) 4
32.01 Lakeview Commerce Center                
32.02 Creekrun Business Park                
33 So Cal Self Storage - Camarillo 118 120 118 0 0 2 L(36),GRTR 1% or YM(80),O(4) 0
34 South Main Shopping Center 179 36 35 360 360 1 L(23),GRTR 1% or YM(96),O(61) 5
35 Publix Self Storage 118 0 0 360 358 2 L(36),GRTR 1% or YM(80),O(4) 0
36 SPS Frederick 117 0 0 360 357 3 L(27),GRTR 1% or YM or D(89),O(4) 0
37 Shopko - Redding 119 0 0 120 119 1 L(25),D(91),O(4) 0
38 West Crossing Shopping Center 119 24 23 360 360 1 L(25),D(91),O(4) 5
39 Passaic Self Storage 118 0 0 360 358 2 L(26),D(90),O(4) 4
40 NC Storage Center Portfolio 119 0 0 360 359 1 L(25),D(91),O(4) 4
40.01 Highway 70 Storage Center                
40.02 North Cannon Storage Center                

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Grace Period Late (Days) Appraised Value ($) Appraisal Date Coop -Rental Value  Coop - LTV as Rental Coop - Unsold Percent  Coop - Sponsor Units  Coop - Investor Units  Coop - Units Coop - Sponsor Carry Coop - Committed Secondary Debt U/W NOI
DSCR (x)(4)(2)
1 The Shops at Crystals 0 1,100,000,000 4/26/2016                 3.41
2 Vertex Pharmaceuticals HQ 0 1,198,000,000 6/3/2016                 6.31
3 One Stamford Forum 2 227,000,000 5/2/2016                 1.73
4 Renaissance Dallas 5 118,800,000 3/17/2016                 2.64
5 Pinnacle II 0 142,000,000 5/5/2016                 2.11
6 Brewers Hill 0 58,000,000 5/26/2016                 1.64
7 Simon Premium Outlets 0 223,700,000 Various                 2.78
7.01 Lee Premium Outlets   115,000,000 4/14/2016                  
7.02 Gaffney Premium Outlets   67,200,000 4/12/2016                  
7.03 Calhoun Premium Outlets   41,500,000 4/1/2016                  
8 One Penn Center 0 91,000,000 5/31/2016                 1.45
9 Hilton Long Island Huntington 0 52,300,000 5/11/2016                 2.47
10 Aurora Office Building 0 48,400,000 6/6/2016                 1.95
11 633 Third Avenue - Retail Condo 0 50,000,000 5/23/2016                 1.62
12 Riverside University Village 0 47,600,000 12/9/2015                 1.44
13 FedEx - Atlanta, GA 5 51,750,000 4/25/2016                 2.49
14 FedEx - West Palm Beach, FL 5 44,100,000 4/21/2016                 2.49
15 FedEx - Fife, WA 5 74,000,000 11/20/2015                 2.51
16 420 East Third Street 5 35,000,000 5/25/2016                 2.07
17 Courtyard Marriott - Baldwin Park 0 29,000,000 4/14/2016                 2.07
18 Homewood Suites Del Mar 0 27,100,000 3/18/2016                 1.99
19 Corporate Center at Kierland 5 24,800,000 5/23/2016                 1.50
20 La Crosse Industrial 5 24,800,000 6/9/2016                 1.65
21 Southland Terrace Shopping Center 0 22,500,000 4/6/2016                 1.99
22 Nassau Bay Town Square 5 18,380,000 5/18/2016                 1.52
23 U-Stor-It Lisle 5 17,350,000 4/28/2016                 1.40
24 So Cal Self Storage - Northridge 0 21,400,000 3/20/2016                 2.07
25 FedEx Ground - South Bend, IN 5 17,000,000 11/24/2015                 1.64
26 Westland Colonial Village Apartments 5 16,600,000 4/19/2016                 1.92
27 Dallas MHC Portfolio 5 13,415,000 Various                 1.54
27.01 Forest Acres MHC and RV Park   6,250,000 5/3/2016                  
27.02 Woodshire MHC   5,165,000 4/29/2016                  
27.03 Cobblestone MHC   2,000,000 4/29/2016                  
28 So Cal Self Storage - Rancho Santa Margarita 0 16,620,000 3/18/2016                 2.11
29 FedEx - Boulder, CO 5 34,500,000 4/25/2016                 2.47
30 Brewster Business Park 0 11,750,000 5/4/2016                 1.60
31 Bonanza Square 0 12,100,000 4/21/2016                 2.49
32 Lakeview and Creek Run Business Park 5 8,900,000 4/22/2016                 2.38
32.01 Lakeview Commerce Center   4,450,000 4/22/2016                  
32.02 Creekrun Business Park   4,450,000 4/22/2016                  
33 So Cal Self Storage - Camarillo 0 12,420,000 3/20/2016                 2.38
34 South Main Shopping Center 0 8,840,000 5/30/2016                 1.34
35 Publix Self Storage 0 13,870,000 4/22/2016                 2.15
36 SPS Frederick 0 9,525,000 3/25/2016                 1.67
37 Shopko - Redding 0 13,640,000 5/16/2016                 1.45
38 West Crossing Shopping Center 5 6,780,000 5/10/2016                 1.45
39 Passaic Self Storage 5 6,130,000 4/1/2016                 1.84
40 NC Storage Center Portfolio 5 4,050,000 5/17/2016                 1.74
40.01 Highway 70 Storage Center   2,080,000 5/17/2016                  
40.02 North Cannon Storage Center   1,970,000 5/17/2016                  

 

 

   

 

 

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

 

Mortgage Loan Number Property Name U/W NCF
DSCR (x)(4)(2)		 Cut-off Date LTV Ratio(4)(2) LTV Ratio at Maturity or ARD(4)(2) Cut-off Date U/W NOI Debt Yield(4)(2) Cut-off Date U/W NCF Debt Yield(4)(2) U/W
Revenues ($)(7)(8)		 U/W
Expenses ($)		 U/W Net Operating Income ($) U/W
Replacement ($)		 U/W
TI/LC ($)		 U/W
Net Cash Flow ($)		 Occupancy Rate
1 The Shops at Crystals 3.28 34.8% 34.8% 12.9% 12.4% 64,805,737 15,337,868 49,467,869 41,972 1,815,657 47,610,240 87.6%
2 Vertex Pharmaceuticals HQ 6.28 35.5% 35.5% 17.9% 17.8% 93,423,532 17,361,124 76,062,408 283,431 0 75,778,977 99.9%
3 One Stamford Forum 1.55 48.4% 36.1% 12.0% 10.8% 21,891,930 8,706,883 13,185,047 126,118 1,233,793 11,825,136 100.0%
4 Renaissance Dallas 2.16 50.5% 46.1% 15.8% 13.0% 34,611,583 25,107,534 9,504,049 1,730,579 0 7,773,470 65.7%
5 Pinnacle II 1.96 61.3% 61.3% 9.2% 8.5% 11,664,912 3,645,672 8,019,240 46,000 550,230 7,423,010 100.0%
6 Brewers Hill 1.40 69.0% 60.1% 9.7% 8.3% 6,258,979 2,360,834 3,898,144 76,443 486,860 3,334,842 92.6%
7 Simon Premium Outlets 2.55 46.8% 37.5% 16.3% 15.0% 24,497,300 7,416,196 17,081,104 211,429 1,194,140 15,675,535 93.7%
7.01 Lee Premium Outlets           10,562,640 3,232,812 7,329,828 71,944 474,057 6,783,827 97.8%
7.02 Gaffney Premium Outlets           8,585,481 2,831,998 5,753,483 75,969 429,486 5,248,028 90.5%
7.03 Calhoun Premium Outlets           5,349,179 1,351,386 3,997,793 63,516 290,597 3,643,680 93.9%
8 One Penn Center 1.26 74.7% 66.0% 9.2% 8.0% 12,747,817 6,458,819 6,288,997 172,492 678,757 5,437,749 78.3%
9 Hilton Long Island Huntington 2.08 66.9% 57.2% 15.0% 12.7% 20,787,543 15,525,844 5,261,699 824,991 0 4,436,708 78.5%
10 Aurora Office Building 1.80 67.4% 56.9% 11.3% 10.4% 3,730,158 55,952 3,674,206 36,706 245,929 3,391,571 100.0%
11 633 Third Avenue - Retail Condo 1.56 64.0% 64.0% 7.2% 7.0% 3,367,528 1,052,351 2,315,177 8,094 76,790 2,230,294 100.0%
12 Riverside University Village 1.34 61.0% 45.9% 10.2% 9.4% 4,813,094 1,864,575 2,948,519 48,784 165,660 2,734,075 93.6%
13 FedEx - Atlanta, GA 2.40 54.3% 54.3% 10.7% 10.3% 3,396,814 347,584 3,049,230 31,149 85,069 2,933,012 100.0%
14 FedEx - West Palm Beach, FL 2.40 54.3% 54.3% 10.7% 10.3% 3,229,545 703,383 2,526,162 22,520 66,267 2,437,375 100.0%
15 FedEx - Fife, WA 2.43 54.4% 54.4% 10.8% 10.4% 4,945,466 607,463 4,338,003 31,293 103,506 4,203,204 100.0%
16 420 East Third Street 1.96 54.3% 43.3% 12.0% 11.4% 3,878,665 1,597,799 2,280,865 23,396 97,404 2,160,065 79.5%
17 Courtyard Marriott - Baldwin Park 1.83 65.4% 53.9% 13.3% 11.8% 7,394,776 4,861,507 2,533,269 295,791 0 2,237,478 70.0%
18 Homewood Suites Del Mar 1.78 69.1% 56.9% 12.7% 11.4% 6,150,245 3,764,715 2,385,530 246,010 0 2,139,520 87.9%
19 Corporate Center at Kierland 1.33 63.8% 56.2% 9.4% 8.3% 2,407,679 924,877 1,482,802 50,190 121,025 1,311,587 89.8%
20 La Crosse Industrial 1.40 63.7% 48.5% 11.8% 10.0% 2,770,210 908,911 1,861,299 92,127 191,931 1,577,241 98.3%
21 Southland Terrace Shopping Center 1.74 62.2% 50.1% 12.0% 10.5% 2,265,592 589,620 1,675,971 44,047 166,973 1,464,951 73.4%
22 Nassau Bay Town Square 1.41 70.1% 59.3% 8.9% 8.2% 1,805,583 661,897 1,143,687 10,051 72,223 1,061,413 100.0%
23 U-Stor-It Lisle 1.38 71.0% 57.9% 8.7% 8.6% 1,522,104 447,029 1,075,075 13,706 0 1,061,369 87.6%
24 So Cal Self Storage - Northridge 2.05 53.7% 53.7% 9.5% 9.4% 1,666,557 579,755 1,086,802 11,534 0 1,075,268 83.2%
25 FedEx Ground - South Bend, IN 1.60 67.6% 67.6% 8.5% 8.3% 1,004,978 30,149 974,829 20,836 0 953,993 100.0%
26 Westland Colonial Village Apartments 1.80 67.4% 53.0% 10.6% 9.9% 2,704,109 1,516,782 1,187,327 75,500 0 1,111,827 99.7%
27 Dallas MHC Portfolio 1.52 73.8% 64.8% 9.5% 9.3% 1,647,531 707,201 940,330 14,800 0 925,530 96.3%
27.01 Forest Acres MHC and RV Park           702,148 257,944 444,204 6,650 0 437,554 98.5%
27.02 Woodshire MHC           704,635 342,998 361,637 6,000 0 355,637 95.0%
27.03 Cobblestone MHC           240,748 106,259 134,489 2,150 0 132,339 93.0%
28 So Cal Self Storage - Rancho Santa Margarita 2.08 57.2% 57.2% 9.6% 9.5% 1,414,057 501,413 912,644 9,358 0 903,286 86.8%
29 FedEx - Boulder, CO 2.37 53.5% 53.5% 10.6% 10.2% 2,664,406 701,933 1,962,473 21,103 56,436 1,884,934 100.0%
30 Brewster Business Park 1.43 72.3% 58.8% 9.9% 8.9% 1,332,475 488,315 844,160 34,525 53,752 755,883 100.0%
31 Bonanza Square 2.15 54.5% 43.6% 14.5% 12.6% 1,407,324 450,032 957,291 31,260 98,483 827,548 96.2%
32 Lakeview and Creek Run Business Park 1.89 73.5% 59.6% 14.6% 11.6% 1,436,770 483,697 953,073 30,920 164,282 757,872 99.3%
32.01 Lakeview Commerce Center           763,948 261,283 502,665 14,585 78,255 409,825 98.6%
32.02 Creekrun Business Park           672,822 222,414 450,408 16,335 86,027 348,047 100.0%
33 So Cal Self Storage - Camarillo 2.35 52.3% 52.3% 10.2% 10.1% 1,038,554 372,995 665,558 6,885 0 658,673 92.5%
34 South Main Shopping Center 1.25 71.3% 55.9% 8.9% 8.4% 886,780 323,677 563,103 2,585 33,289 527,229 100.0%
35 Publix Self Storage 2.12 43.1% 34.7% 12.8% 12.6% 1,328,216 562,603 765,612 10,631 0 754,981 88.3%
36 SPS Frederick 1.64 53.3% 43.5% 10.3% 10.1% 896,741 372,116 524,625 9,723 0 514,902 82.7%
37 Shopko - Redding 1.31 36.4% 0.2% 18.1% 16.3% 927,070 28,632 898,438 18,816 67,908 811,714 100.0%
38 West Crossing Shopping Center 1.32 66.4% 57.1% 9.1% 8.3% 597,715 187,977 409,739 2,000 32,404 375,334 100.0%
39 Passaic Self Storage 1.80 61.9% 51.1% 12.0% 11.7% 906,467 450,782 455,685 10,272 0 445,413 81.2%
40 NC Storage Center Portfolio 1.67 71.2% 58.1% 10.9% 10.4% 526,717 212,981 313,736 12,838 0 300,898 94.8%
40.01 Highway 70 Storage Center           259,017 100,129 158,888 7,184 0 151,704 92.0%
40.02 North Cannon Storage Center           267,700 112,852 154,848 5,654 0 149,194 98.4%

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Occupancy as-of Date U/W Hotel ADR U/W Hotel RevPAR Most Recent Period Most Recent Revenues ($) Most Recent Expenses ($) Most
Recent
NOI ($)		 Most Recent Capital Expenditures Most Recent NCF ($) Most Recent Hotel ADR Most Recent Hotel RevPAR Second Most Recent Period Second Most Recent Revenues ($)
1 The Shops at Crystals 4/21/2016     Actual 2015 65,203,201 18,826,390 46,376,811 0 46,376,811     Actual 2014 62,646,345
2 Vertex Pharmaceuticals HQ 4/30/2016     Actual 2015 88,180,123 17,255,195 70,924,928 0 70,924,928     Actual 2014 54,061,350
3 One Stamford Forum 5/31/2016     TTM 3/31/2016 22,836,419 8,422,294 14,414,125 0 14,414,125     Actual 2015 22,493,060
4 Renaissance Dallas 5/30/2016 157 103 TTM 5/30/2016 34,836,603 24,701,481 10,135,122 0 10,135,122 157 103 Actual 2015 33,631,404
5 Pinnacle II 8/1/2016     TTM 3/31/2016 11,236,073 3,663,478 7,572,595 0 7,572,595     Actual 2015 11,436,631
6 Brewers Hill 6/1/2016     TTM 4/30/2016 6,115,566 2,275,287 3,840,279 0 3,840,279     Actual 2015 5,815,496
7 Simon Premium Outlets 5/19/2016     TTM 3/31/2016 25,462,542 7,005,132 18,457,410 0 18,457,410     Actual 2015 24,839,795
7.01 Lee Premium Outlets 5/19/2016     TTM 3/31/2016 11,094,527 2,966,058 8,128,469 0 8,128,469     Actual 2015 10,978,548
7.02 Gaffney Premium Outlets 5/19/2016     TTM 3/31/2016 9,046,000 2,724,685 6,321,315 0 6,321,315     Actual 2015 8,783,797
7.03 Calhoun Premium Outlets 5/19/2016     TTM 3/31/2016 5,322,015 1,314,389 4,007,626 0 4,007,626     Actual 2015 5,077,450
8 One Penn Center 6/1/2016     TTM 4/30/2016 13,322,631 6,463,049 6,859,582 0 6,859,582     Actual 2015 13,550,121
9 Hilton Long Island Huntington 4/30/2016 152 119 TTM 4/30/2016 20,583,030 15,238,106 5,344,924 823,217 4,521,707 152 119 Actual 2015 20,453,871
10 Aurora Office Building 8/1/2016     Actual 2015 3,716,004 41,296 3,674,709 0 3,674,709     Actual 2014 3,649,620
11 633 Third Avenue - Retail Condo 6/29/2016     TTM 4/30/2016 3,251,469 960,475 2,290,995 0 2,290,995     Actual 2015 3,232,900
12 Riverside University Village 7/1/2016     Actual 2015 4,354,459 1,388,757 2,965,702 0 2,965,702     Actual 2014 3,946,712
13 FedEx - Atlanta, GA 8/1/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
14 FedEx - West Palm Beach, FL 8/1/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
15 FedEx - Fife, WA 8/1/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
16 420 East Third Street 6/1/2016     TTM 4/30/2016 3,410,514 1,643,094 1,767,420 2,257,491 -490,071     Actual 2015 3,340,857
17 Courtyard Marriott - Baldwin Park 4/30/2016 118 82 TTM 4/30/2016 7,956,904 4,728,658 3,228,246 230,708 2,997,538 118 82 Actual 2015 7,492,593
18 Homewood Suites Del Mar 4/30/2016 171 136 TTM 4/30/2016 6,287,882 3,837,039 2,450,843 0 2,450,843 158 139 Actual 2015 6,133,873
19 Corporate Center at Kierland 5/20/2016     TTM 4/30/2016 1,967,815 835,430 1,132,385 0 1,132,385     Actual 2015 1,564,201
20 La Crosse Industrial 5/10/2016     TTM 3/31/2016 2,890,019 849,287 2,040,732 0 2,040,732     Actual 2014 2,888,443
21 Southland Terrace Shopping Center 3/31/2016     TTM 3/31/2016 1,936,551 600,518 1,336,033 0 1,336,033     Actual 2015 2,049,230
22 Nassau Bay Town Square 5/1/2016     TTM 4/30/2016 1,832,080 630,321 1,201,759 0 1,201,759     Actual 2015 1,803,386
23 U-Stor-It Lisle 6/30/2016     TTM 6/30/2016 1,500,776 475,203 1,025,573 0 1,025,573     Actual 2015 1,375,629
24 So Cal Self Storage - Northridge 5/1/2016     TTM 3/31/2016 1,666,557 524,087 1,142,470 0 1,142,470     Actual 2015 1,629,000
25 FedEx Ground - South Bend, IN 8/1/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
26 Westland Colonial Village Apartments 5/31/2016     TTM 5/31/2016 2,702,703 1,473,690 1,229,013 76,000 1,153,013     Actual 2015 2,652,149
27 Dallas MHC Portfolio 4/30/2016     TTM 3/31/2016 1,590,947 677,133 913,814 0 913,814     Actual 2015 1,548,263
27.01 Forest Acres MHC and RV Park 4/30/2016     TTM 3/31/2016 663,509 248,048 415,461 0 415,461     Actual 2015 638,561
27.02 Woodshire MHC 4/30/2016     TTM 3/31/2016 696,609 328,454 368,155 0 368,155     Actual 2015 685,264
27.03 Cobblestone MHC 4/30/2016     TTM 3/31/2016 230,829 100,631 130,198 0 130,198     Actual 2015 224,438
28 So Cal Self Storage - Rancho Santa Margarita 5/1/2016     TTM 3/31/2016 1,414,057 478,061 935,997 0 935,997     Actual 2015 1,389,237
29 FedEx - Boulder, CO 8/1/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
30 Brewster Business Park 6/28/2016     TTM 5/31/2016 1,170,397 426,165 744,232 0 744,232     Actual 2015 1,186,266
31 Bonanza Square 5/31/2016     TTM 4/30/2016 1,342,597 428,121 914,476 0 914,476     Actual 2015 1,336,293
32 Lakeview and Creek Run Business Park 6/1/2016     TTM 4/30/2016 1,469,570 415,460 1,054,110 0 1,054,110     Actual 2015 1,387,543
32.01 Lakeview Commerce Center 6/1/2016     TTM 4/30/2016 719,920 217,023 502,897 0 502,897     Actual 2015 662,227
32.02 Creekrun Business Park 6/1/2016     TTM 4/30/2016 749,650 198,437 551,213 0 551,213     Actual 2015 725,316
33 So Cal Self Storage - Camarillo 5/23/2016     TTM 3/31/2016 1,038,554 323,552 715,002 0 715,002     Actual 2015 1,013,351
34 South Main Shopping Center 6/29/2016     Actual 2015 851,223 259,688 591,535 0 591,535     Actual 2014 841,845
35 Publix Self Storage 2/29/2016     TTM 3/31/2016 1,334,620 564,677 769,943 0 769,943     Actual 2015 1,335,468
36 SPS Frederick 3/10/2016     TTM 3/31/2016 900,576 370,676 529,901 0 529,901     Actual 2015 887,538
37 Shopko - Redding 8/1/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
38 West Crossing Shopping Center 3/31/2016     NAV NAV NAV NAV NAV NAV     NAV NAV
39 Passaic Self Storage 4/30/2016     TTM 2/29/2016 923,085 473,412 449,673 0 449,673     Actual 2014 907,614
40 NC Storage Center Portfolio 4/30/2016     TTM 4/30/2016 526,717 201,001 325,716 0 325,716     Actual 2015 514,971
40.01 Highway 70 Storage Center 4/30/2016     TTM 4/30/2016 259,017 90,688 168,329 0 168,329     Actual 2015 251,786
40.02 North Cannon Storage Center 4/30/2016     TTM 4/30/2016 267,700 110,313 157,387 0 157,387     Actual 2015 263,185

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent Capital Expenditures Second Most Recent NCF ($) Second Most Recent Hotel ADR Second Most Recent Hotel RevPAR Third Most Recent Period Third Most Recent Revenues ($) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent Capital Expenditures
1 The Shops at Crystals 19,004,031 43,642,314 0 43,642,314     Actual 2013 58,100,295 18,045,943 40,054,352 0
2 Vertex Pharmaceuticals HQ 10,133,318 43,928,033 0 43,928,033     NAV NAV NAV NAV NAV
3 One Stamford Forum 8,409,594 14,083,466 0 14,083,466     Actual 2014 22,231,164 8,173,538 14,057,626 0
4 Renaissance Dallas 23,866,015 9,765,389 0 9,765,389 156 99 Actual 2014 24,633,644 19,328,482 5,305,162 0
5 Pinnacle II 3,641,640 7,794,991 0 7,794,991     Actual 2014 11,514,655 3,632,177 7,882,478 0
6 Brewers Hill 2,178,913 3,636,583 0 3,636,583     Actual 2014 6,597,954 1,778,614 4,819,340 0
7 Simon Premium Outlets 6,976,569 17,863,226 0 17,863,226     Actual 2014 24,527,648 7,147,919 17,379,729 0
7.01 Lee Premium Outlets 3,038,663 7,939,885 0 7,939,885     Actual 2014 10,703,151 3,085,805 7,617,346 0
7.02 Gaffney Premium Outlets 2,651,399 6,132,398 0 6,132,398     Actual 2014 8,853,837 2,770,460 6,083,377 0
7.03 Calhoun Premium Outlets 1,286,507 3,790,943 0 3,790,943     Actual 2014 4,970,660 1,291,654 3,679,006 0
8 One Penn Center 6,326,742 7,223,379 0 7,223,379     Actual 2014 13,574,507 6,691,359 6,883,148 0
9 Hilton Long Island Huntington 15,167,902 5,285,969 818,154 4,467,815 154 118 Actual 2014 19,684,177 14,523,769 5,160,408 787,351
10 Aurora Office Building 38,498 3,611,122 0 3,611,122     Actual 2013 3,579,358 33,452 3,545,905 0
11 633 Third Avenue - Retail Condo 960,609 2,272,290 0 2,272,290     Actual 2014 3,072,832 669,057 2,403,775 0
12 Riverside University Village 1,534,086 2,412,626 0 2,412,626     Actual 2013 3,781,280 1,517,765 2,263,515 0
13 FedEx - Atlanta, GA NAV NAV NAV NAV     NAV NAV NAV NAV NAV
14 FedEx - West Palm Beach, FL NAV NAV NAV NAV     NAV NAV NAV NAV NAV
15 FedEx - Fife, WA NAV NAV NAV NAV     NAV NAV NAV NAV NAV
16 420 East Third Street 1,552,082 1,788,775 1,305,769 483,007     Actual 2014 2,953,281 1,445,713 1,507,568 859,816
17 Courtyard Marriott - Baldwin Park 4,550,531 2,942,062 206,460 2,735,602 116 76 Actual 2014 7,092,776 4,333,279 2,759,497 206,460
18 Homewood Suites Del Mar 3,730,401 2,403,472 0 2,403,472 157 136 Actual 2014 5,561,066 3,293,228 2,267,838 0
19 Corporate Center at Kierland 786,896 777,305 0 777,305     Actual 2014 1,090,628 704,760 385,868 0
20 La Crosse Industrial 882,474 2,005,969 0 2,005,969     Actual 2013 2,772,737 829,486 1,943,251 0
21 Southland Terrace Shopping Center 595,463 1,453,767 0 1,453,767     Actual 2014 2,044,821 612,925 1,431,896 0
22 Nassau Bay Town Square 603,886 1,199,499 0 1,199,499     Actual 2014 1,403,944 480,036 923,909 0
23 U-Stor-It Lisle 471,465 904,164 0 904,164     Actual 2014 1,145,406 417,325 728,081 0
24 So Cal Self Storage - Northridge 529,595 1,099,406 0 1,099,406     Actual 2014 1,459,435 530,805 928,630 0
25 FedEx Ground - South Bend, IN NAV NAV NAV NAV     NAV NAV NAV NAV NAV
26 Westland Colonial Village Apartments 1,441,077 1,211,072 0 1,211,072     Actual 2014 2,612,180 1,556,346 1,055,834 0
27 Dallas MHC Portfolio 690,171 858,092 0 858,092     Actual 2014 1,505,383 705,514 799,869 0
27.01 Forest Acres MHC and RV Park 250,688 387,873 0 387,873     Actual 2014 607,529 252,510 355,019 0
27.02 Woodshire MHC 338,858 346,406 0 346,406     Actual 2014 675,493 347,989 327,504 0
27.03 Cobblestone MHC 100,625 123,813 0 123,813     Actual 2014 222,361 105,015 117,346 0
28 So Cal Self Storage - Rancho Santa Margarita 482,870 906,366 0 906,366     Actual 2014 1,346,303 480,444 865,859 0
29 FedEx - Boulder, CO NAV NAV NAV NAV     NAV NAV NAV NAV NAV
30 Brewster Business Park 454,270 731,996 0 731,996     Actual 2014 1,336,220 458,915 877,305 0
31 Bonanza Square 399,409 936,884 0 936,884     Actual 2014 1,411,718 345,913 1,065,805 0
32 Lakeview and Creek Run Business Park 495,068 892,475 0 892,475     Actual 2014 1,339,711 477,337 862,374 0
32.01 Lakeview Commerce Center 264,909 397,318 0 397,318     Actual 2014 654,375 262,258 392,117 0
32.02 Creekrun Business Park 230,159 495,157 0 495,157     Actual 2014 685,336 215,079 470,257 0
33 So Cal Self Storage - Camarillo 321,268 692,083 0 692,083     Actual 2014 917,683 312,403 605,279 0
34 South Main Shopping Center 229,465 612,380 0 612,380     Actual 2013 768,994 194,735 574,259 0
35 Publix Self Storage 560,564 774,904 0 774,904     Actual 2014 1,341,276 599,500 741,776 0
36 SPS Frederick 370,605 516,933 0 516,933     Actual 2014 803,888 317,718 486,170 0
37 Shopko - Redding NAV NAV NAV NAV     NAV NAV NAV NAV NAV
38 West Crossing Shopping Center NAV NAV NAV NAV     NAV NAV NAV NAV NAV
39 Passaic Self Storage 497,625 409,989 0 409,989     Actual 2013 846,942 498,118 348,824 0
40 NC Storage Center Portfolio 201,198 313,773 0 313,773     Actual 2014 476,668 203,718 272,950 0
40.01 Highway 70 Storage Center 92,786 159,000 0 159,000     Actual 2014 227,592 94,403 133,189 0
40.02 North Cannon Storage Center 108,412 154,773 0 154,773     Actual 2014 249,076 109,315 139,761 0

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Third Most Recent NCF ($) Third Most Recent Hotel ADR Third Most Recent Hotel RevPAR Master Lease (Y/N) Largest Tenant Name(8)(9)(10)(11) Largest Tenant Sq. Ft. Largest
Tenant
% of NRA		 Largest Tenant Exp. Date
1 The Shops at Crystals 40,054,352     N Louis Vuitton 22,745 8.7% 12/31/2019
2 Vertex Pharmaceuticals HQ NAV     Y Vertex Pharmaceuticals 1,082,417 95.5% 12/31/2028
3 One Stamford Forum 14,057,626     N UBS Group AG 337,456 66.9% 12/31/2020
4 Renaissance Dallas 5,305,162 138 81 N        
5 Pinnacle II 7,882,478     N Warner Brothers Entertainment Inc 230,000 100.0% 12/31/2021
6 Brewers Hill 4,819,340     N Canton Self Storage 112,000 29.3% 5/31/2045
7 Simon Premium Outlets 17,379,729     N Various Various Various Various
7.01 Lee Premium Outlets 7,617,346     N Gap Outlet 12,113 5.4% 6/30/2017
7.02 Gaffney Premium Outlets 6,083,377     N Pottery Barn Furniture Outlet 18,286 6.0% 1/31/2020
7.03 Calhoun Premium Outlets 3,679,006     N V.F. Factory Outlet 26,000 10.2% 9/30/2020
8 One Penn Center 6,883,148     N Philadelphia Works, Inc. 74,155 10.7% 12/31/2020
9 Hilton Long Island Huntington 4,373,057 155 112 N        
10 Aurora Office Building 3,545,905     N Northrop Grumman 183,529 100.0% 11/30/2022
11 633 Third Avenue - Retail Condo 2,403,775     N New York Sports Club 23,700 58.6% 5/31/2018
12 Riverside University Village 2,263,515     N Regency Theatres 41,915 23.3% 12/31/2021
13 FedEx - Atlanta, GA NAV     N FedEx Ground Package System, Inc. 311,489 100.0% 1/31/2031
14 FedEx - West Palm Beach, FL NAV     N FedEx Ground Package System, Inc. 225,198 100.0% 12/31/2030
15 FedEx - Fife, WA NAV     N FedEx Ground Package System, Inc. 312,928 100.0% 10/31/2030
16 420 East Third Street 647,752     N Board of Supervisors/County of Los Angeles 8,526 7.3% 5/31/2022
17 Courtyard Marriott - Baldwin Park 2,553,037 111 73 N        
18 Homewood Suites Del Mar 2,267,838 153 124 N        
19 Corporate Center at Kierland 385,868     N American Express Global Business Travel 56,608 52.5% 9,974 expiring on 2/14/19; 46,634 expiring on 7/26/26
20 La Crosse Industrial 1,943,251     N The City Brewing Co., LLC 366,275 47.7% 12/31/2021
21 Southland Terrace Shopping Center 1,431,896     N Kroger Limited Partnership 51,460 23.4% 5/31/2018
22 Nassau Bay Town Square 923,909     N GH III Management, LLC 8,448 16.8% 4/30/2024
23 U-Stor-It Lisle 728,081     N        
24 So Cal Self Storage - Northridge 928,630     N        
25 FedEx Ground - South Bend, IN NAV     N Fedex Ground Package System, Inc. 208,361 100.0% 10/22/2030
26 Westland Colonial Village Apartments 1,055,834     N        
27 Dallas MHC Portfolio 799,869     N        
27.01 Forest Acres MHC and RV Park 355,019     N        
27.02 Woodshire MHC 327,504     N        
27.03 Cobblestone MHC 117,346     N        
28 So Cal Self Storage - Rancho Santa Margarita 865,859     N        
29 FedEx - Boulder, CO NAV     N FedEx Ground Package System, Inc. 211,030 100.0% 2/28/2031
30 Brewster Business Park 877,305     N Matco-Norca, LLC 69,100 52.0% 5/31/2027
31 Bonanza Square 1,065,805     N Cardenas Markets 36,000 33.4% 12/31/2020
32 Lakeview and Creek Run Business Park 862,374     N Various Various Various Various
32.01 Lakeview Commerce Center 392,117     N PharMerica East, Inc. 12,050 12.2% 2/28/2017
32.02 Creekrun Business Park 470,257     N Liqui-Box Corporation 24,000 22.0% 1/16/2022
33 So Cal Self Storage - Camarillo 605,279     N        
34 South Main Shopping Center 574,259     N Chase 3,585 20.8% 11/29/2026
35 Publix Self Storage 741,776     N        
36 SPS Frederick 486,170     N        
37 Shopko - Redding NAV     N Shopko Stores Operating Co, LLC 94,078 100.0% 12/31/2031
38 West Crossing Shopping Center NAV     N Mattress Firm, Inc. 4,180 31.3% 12/31/2019
39 Passaic Self Storage 348,824     N        
40 NC Storage Center Portfolio 272,950     N        
40.01 Highway 70 Storage Center 133,189     N        
40.02 North Cannon Storage Center 139,761     N        

 

 

   

 

 

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

 

Mortgage Loan Number Property Name 2nd Largest Tenant Name(8)(9)(10)(11) 2nd Largest Tenant Sq. Ft. 2nd Largest
Tenant
% of NRA		 2nd Largest Tenant Exp. Date
1 The Shops at Crystals Prada 15,525 5.9% 12/31/2019
2 Vertex Pharmaceuticals HQ Bright Horizons Children’s Center 12,665 1.1% 5/1/2035
3 One Stamford Forum Purdue Pharma L.P. 167,015 33.1% 12/31/2020
4 Renaissance Dallas        
5 Pinnacle II        
6 Brewers Hill Cigna 73,880 19.3% Multiple Leases -- 69,110 square feet expiring 11/30/2019; 4,770 square feet expiring 6/30/2017
7 Simon Premium Outlets Various Various Various Various
7.01 Lee Premium Outlets Nike Factory Store 9,966 4.4% 6/30/2019
7.02 Gaffney Premium Outlets Nike Factory Store 11,620 3.8% 10/31/2016
7.03 Calhoun Premium Outlets Old Navy 12,000 4.7% MTM
8 One Penn Center United States Government - SEC 44,765 6.5% 4/10/2024
9 Hilton Long Island Huntington        
10 Aurora Office Building        
11 633 Third Avenue - Retail Condo JP Morgan Chase 16,468 40.7% 9/30/2023
12 Riverside University Village Regents of UCR - UNEX 12,726 7.1% 9/11/2016 (4,836 SF); 1/22/2017 (7,890 SF)
13 FedEx - Atlanta, GA        
14 FedEx - West Palm Beach, FL        
15 FedEx - Fife, WA        
16 420 East Third Street Third Street Surgery Center, LP 7,996 6.9% 12/31/2028
17 Courtyard Marriott - Baldwin Park        
18 Homewood Suites Del Mar        
19 Corporate Center at Kierland Americana Arizona, LLC 16,872 15.6% 2/28/2021
20 La Crosse Industrial Ashley Furniture Industries 360,000 46.9% 12/31/2022
21 Southland Terrace Shopping Center Rainbow USA, Inc. 25,000 11.4% 1/31/2021
22 Nassau Bay Town Square Texas Citizens Bank, N.A. 5,754 11.5% 10/31/2025
23 U-Stor-It Lisle        
24 So Cal Self Storage - Northridge        
25 FedEx Ground - South Bend, IN        
26 Westland Colonial Village Apartments        
27 Dallas MHC Portfolio        
27.01 Forest Acres MHC and RV Park        
27.02 Woodshire MHC        
27.03 Cobblestone MHC        
28 So Cal Self Storage - Rancho Santa Margarita        
29 FedEx - Boulder, CO        
30 Brewster Business Park Diversified Transport Service 18,685 14.1% 7/31/2023
31 Bonanza Square Sun Rx Drugs 12,120 11.2% 5/31/2021
32 Lakeview and Creek Run Business Park Various Various Various Various
32.01 Lakeview Commerce Center BSP Lakeview LLC 8,282 8.4% 10/8/2018
32.02 Creekrun Business Park AAA Ohio Automotive Club 18,300 16.8% 12/31/2019
33 So Cal Self Storage - Camarillo        
34 South Main Shopping Center T-Mobile 2,774 16.1% 4/30/2022
35 Publix Self Storage        
36 SPS Frederick        
37 Shopko - Redding        
38 West Crossing Shopping Center T-Mobile 2,937 22.0% 5/31/2023
39 Passaic Self Storage        
40 NC Storage Center Portfolio        
40.01 Highway 70 Storage Center        
40.02 North Cannon Storage Center        

 

 

   

 

 

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

 

Mortgage Loan Number Property Name 3rd Largest Tenant Name(8)(9) 3rd Largest Tenant Sq. Ft. 3rd Largest
Tenant
% of NRA		 3rd Largest Tenant Exp. Date 4th Largest Tenant Name(8)(10) 4th Largest Tenant Sq. Ft. 4th Largest
Tenant
% of NRA		 4th Largest Tenant Exp. Date
1 The Shops at Crystals Gucci 10,952 4.2% 12/31/2025 Tiffany & Co. 10,000 3.8% 1/31/2024
2 Vertex Pharmaceuticals HQ Babbo Enoteca Fp, LLC 9,117 0.8% 9/1/2025 Master Lease 7,300 0.6% 5/1/2029
3 One Stamford Forum                
4 Renaissance Dallas                
5 Pinnacle II                
6 Brewers Hill AOL Advertising 46,587 12.2% 6/30/2022 GES Exposition Services 25,017 6.5% 4/30/2019
7 Simon Premium Outlets Various Various Various Various Various Various Various Various
7.01 Lee Premium Outlets Banana Republic Factory Store 8,756 3.9% 8/31/2017 Dress Barn 7,781 3.5% MTM
7.02 Gaffney Premium Outlets Gap Outlet 8,970 3.0% 7/31/2019 Banana Republic Factory Store 8,584 2.8% 5/31/2019
7.03 Calhoun Premium Outlets Loft Outlet 12,000 4.7% 10/31/2017 Rak Outfitters 11,652 4.6% 1/31/2021
8 One Penn Center Phelan Hallinan & Schmieg, LLP 35,989 5.2% 1/31/2020 Mcelroy Deutsch Mulvaney Et 21,130 3.1% 10/31/2021
9 Hilton Long Island Huntington                
10 Aurora Office Building                
11 633 Third Avenue - Retail Condo Gateway News Stand 300 0.7% 6/30/2017        
12 Riverside University Village Regents of UCR - Design & Construction 8,946 5.0% 10/17/2016 Regents of UCR 8,579 4.8% 7/31/2017
13 FedEx - Atlanta, GA                
14 FedEx - West Palm Beach, FL                
15 FedEx - Fife, WA                
16 420 East Third Street Pacific Commerce Bank 7,948 6.8% 8/31/2017 Premiere Practice Management, Inc. 7,749 6.7% 12/31/2028
17 Courtyard Marriott - Baldwin Park                
18 Homewood Suites Del Mar                
19 Corporate Center at Kierland New Enchantment, LLC 6,078 5.6% 5/31/2019 Prospect Mortgage, LLC 5,241 4.9% 4/30/2017
20 La Crosse Industrial Dick’s Pallet Works 17,686 2.3% 12/31/2020 Western Technical College 11,011 1.4% 12/31/2016
21 Southland Terrace Shopping Center Harbor Freight Tools 15,000 6.8% 8/31/2022 Dollar Tree Stores, Inc. 12,000 5.4% 1/31/2020
22 Nassau Bay Town Square Bay Area Houston Economic Partnership 5,588 11.1% 6/13/2020 GSM Wings, LLC 5,044 10.0% 1/31/2021
23 U-Stor-It Lisle                
24 So Cal Self Storage - Northridge                
25 FedEx Ground - South Bend, IN                
26 Westland Colonial Village Apartments                
27 Dallas MHC Portfolio                
27.01 Forest Acres MHC and RV Park                
27.02 Woodshire MHC                
27.03 Cobblestone MHC                
28 So Cal Self Storage - Rancho Santa Margarita                
29 FedEx - Boulder, CO                
30 Brewster Business Park EMC Pet Products, Inc. 16,630 12.5% 10/31/2017 Putnam Steel Inc. 8,960 6.7% 12/31/2017
31 Bonanza Square Moda Latina 11,500 10.7% 12/31/2016 Koster Finance 6,120 5.7% 9/30/2016
32 Lakeview and Creek Run Business Park Various Various Various Various Various Various Various Various
32.01 Lakeview Commerce Center Comfort Systems (Ohio) USA Inc 6,150 6.2% 12/31/2020 Mid-Ohio Select Soccer League 5,600 5.7% 4/30/2019
32.02 Creekrun Business Park Piedmont Plastics Company, Inc 16,000 14.7% 2/28/2018 First Choice Communications 7,200 6.6% 3/31/2018
33 So Cal Self Storage - Camarillo                
34 South Main Shopping Center Schlotzsky’s 2,400 13.9% 1/20/2017 Wingstop 1,950 11.3% 7/31/2018
35 Publix Self Storage                
36 SPS Frederick                
37 Shopko - Redding                
38 West Crossing Shopping Center Cloud 9 Nails and Spa 2,368 17.8% 6/30/2020 Sparkles Dental 2,200 16.5% 10/31/2025
39 Passaic Self Storage                
40 NC Storage Center Portfolio                
40.01 Highway 70 Storage Center                
40.02 North Cannon Storage Center                

 

 

   

 

 

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

 

Mortgage Loan Number Property Name 5th Largest Tenant Name(9) 5th Largest Tenant Sq. Ft. 5th Largest
Tenant
% of NRA		 5th Largest Tenant Exp. Date Engineering Report Date Environmental Report Date (Phase I) Environmental Report Date (Phase II) Seismic Report Date Seismic PML % Seismic Insurance Required  (Y/N) Terrorism Insurance (Y/N)
1 The Shops at Crystals Ermenegildo Zegna 9,926 3.8% 12/31/2020 5/13/2016 2/5/2016       N Y
2 Vertex Pharmaceuticals HQ Pier 50 LLC 6,704 0.6% 10/1/2024 6/14/2016 6/10/2016       N Y
3 One Stamford Forum         5/5/2016 5/5/2016       N Y
4 Renaissance Dallas         4/27/2016 3/25/2016       N Y
5 Pinnacle II         5/16/2016 5/16/2016   5/16/2016 10.0% N Y
6 Brewers Hill DDG 22,985 6.0% 12/31/2024 3/7/2016 3/8/2016       N Y
7 Simon Premium Outlets Various Various Various Various 4/21/2016 4/21/2016       N Y
7.01 Lee Premium Outlets Polo Ralph Lauren 7,683 3.4% 5/31/2017 4/21/2016 4/21/2016       N Y
7.02 Gaffney Premium Outlets Dress Barn 7,986 2.6% 12/31/2016 4/21/2016 4/21/2016       N Y
7.03 Calhoun Premium Outlets Polo Ralph Lauren 10,200 4.0% 1/31/2021 4/21/2016 4/21/2016       N Y
8 One Penn Center Qtc Management, Inc. 19,879 2.9% 3/31/2017 6/2/2016 6/3/2016       N Y
9 Hilton Long Island Huntington         5/27/2016 5/27/2016       N Y
10 Aurora Office Building         6/14/2016 6/14/2016       N Y
11 633 Third Avenue - Retail Condo         5/20/2016 5/20/2016       N Y
12 Riverside University Village Regents of UCR - Accounting 7,634 4.2% 11/30/2018 12/22/2015 12/22/2015   12/16/2015 11.0% N Y
13 FedEx - Atlanta, GA         4/29/2016 4/29/2016       N Y
14 FedEx - West Palm Beach, FL         4/29/2016 4/29/2016       N Y
15 FedEx - Fife, WA         11/30/2015 12/9/2015   11/30/2015 9.0% N Y
16 420 East Third Street US Renal 7,678 6.6% 1/5/2026 6/6/2016 6/6/2016   6/6/2016 14.0% N Y
17 Courtyard Marriott - Baldwin Park         4/21/2016 4/21/2016   4/21/2016 14.0% N Y
18 Homewood Suites Del Mar         4/5/2016 4/5/2016   4/5/2016 6.0% N Y
19 Corporate Center at Kierland Alliance Financial Resources 3,523 3.3% 12/14/2020 5/23/2016 5/23/2016       N Y
20 La Crosse Industrial         6/27/2016 6/27/2016       N Y
21 Southland Terrace Shopping Center Ocean Dental of Kentucky 7,095 3.2% 7/31/2017 4/6/2016 4/6/2016       N Y
22 Nassau Bay Town Square Berkeley Eye Institute, P.A. 4,581 9.1% 8/31/2024 5/19/2016 5/23/2016       N Y
23 U-Stor-It Lisle         5/3/2016 5/3/2016       N Y
24 So Cal Self Storage - Northridge         3/29/2016 3/29/2016   3/29/2016 12.0% N Y
25 FedEx Ground - South Bend, IN         12/4/2015 12/9/2015       N Y
26 Westland Colonial Village Apartments         5/6/2016 5/6/2016       N Y
27 Dallas MHC Portfolio         5/11/2016 5/11/2016       N Y
27.01 Forest Acres MHC and RV Park         5/11/2016 5/11/2016       N Y
27.02 Woodshire MHC         5/11/2016 5/11/2016       N Y
27.03 Cobblestone MHC         5/11/2016 5/11/2016       N Y
28 So Cal Self Storage - Rancho Santa Margarita         3/29/2016 3/29/2016   3/29/2016 15.0% N Y
29 FedEx - Boulder, CO         4/29/2016 4/29/2016       N Y
30 Brewster Business Park Health Flavors 6,000 4.5% 5/31/2019 5/12/2016 5/13/2016       N Y
31 Bonanza Square Rent A Center 5,412 5.0% 2/28/2018 4/28/2016 4/29/2016       N Y
32 Lakeview and Creek Run Business Park Various Various Various Various 4/18/2016 4/18/2016       N Y
32.01 Lakeview Commerce Center Robin Technologies Inc. 4,425 4.5% 12/31/2020 4/18/2016 4/18/2016       N Y
32.02 Creekrun Business Park Exclusively Floors, LLC 7,004 6.4% 12/31/2017 4/18/2016 4/18/2016       N Y
33 So Cal Self Storage - Camarillo         3/29/2016 3/29/2016   3/29/2016 12.0% N Y
34 South Main Shopping Center FedEx Kinkos 1,824 10.6% 11/30/2026 6/6/2016 6/6/2016       N Y
35 Publix Self Storage         4/28/2016 4/28/2016   4/28/2016 12.0% N Y
36 SPS Frederick         3/30/2016 3/31/2016       N Y
37 Shopko - Redding         5/24/2016     5/24/2016 10.0% N Y
38 West Crossing Shopping Center Jimmy John’s Gourmet Sandwiches 1,650 12.4% 3/31/2025 5/16/2016 5/20/2016       N Y
39 Passaic Self Storage         4/7/2016 4/7/2016       N Y
40 NC Storage Center Portfolio         Various Various       N Y
40.01 Highway 70 Storage Center         5/16/2016 5/16/2016       N Y
40.02 North Cannon Storage Center         6/8/2016 5/17/2016       N Y

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Loan Purpose Engineering Escrow / Deferred Maintenance ($) Tax Escrow (Initial) Monthly Tax Escrow ($) Tax Escrow - Cash or LoC Tax Escrow - LoC Counterparty Insurance Escrow (Initial) Monthly Insurance Escrow ($) Insurance Escrow - Cash or LoC Insurance Escrow - LoC Counterparty Upfront Replacement Reserve ($) Monthly Replacement Reserve ($)(12)
1 The Shops at Crystals Recapitalization 0 0 Springing     0 Springing     0 Springing
2 Vertex Pharmaceuticals HQ Refinance 0 0 Springing     0 Springing     0 0
3 One Stamford Forum Refinance 15,188 230,359 230,359 Cash   58,814 19,605 Cash   0 0
4 Renaissance Dallas Refinance 0 0 Springing     0 Springing     0 Springing
5 Pinnacle II Refinance 0 370,935 123,645 Cash   0 Springing     0 Springing
6 Brewers Hill Refinance 0 53,116 53,118 Cash   0 Springing     0 6,370
7 Simon Premium Outlets Refinance 0 0 Springing     0 Springing     0 Springing
7.01 Lee Premium Outlets                        
7.02 Gaffney Premium Outlets                        
7.03 Calhoun Premium Outlets                        
8 One Penn Center Refinance 0 582,019 116,404 Cash   0 Springing     0 14,374
9 Hilton Long Island Huntington Acquisition 0 334,631 83,658 Cash   0 Springing     0 68,724
10 Aurora Office Building Refinance 0 0 Springing     0 Springing     0 1,529; Springing
11 633 Third Avenue - Retail Condo Refinance 0 38,790 38,789 Cash   0 Springing     675 675
12 Riverside University Village Acquisition 116,250 0 26,625 Cash   11,757 5,879 Cash   0 7,505
13 FedEx - Atlanta, GA Acquisition 0 205,006 22,778 Cash   0 Springing     0 0
14 FedEx - West Palm Beach, FL Acquisition 0 208,069 52,017 Cash   0 Springing     0 0
15 FedEx - Fife, WA Acquisition 0 22,237 43,006 Cash   0 Springing     0 0
16 420 East Third Street Refinance 0 121,085 24,217 Cash   7,812 3,906 Cash   0 1,950
17 Courtyard Marriott - Baldwin Park Refinance 0 55,436 13,859 Cash   0 Springing     0 24,649
18 Homewood Suites Del Mar Refinance 0 52,962 17,654 Cash   0 Springing     0 20,446
19 Corporate Center at Kierland Acquisition 20,625 100,514 25,128 Cash   2,305 1,153 Cash   0 4,044
20 La Crosse Industrial Refinance 158,750 434,404 39,491 Cash   84,755 8,177 Cash   0 6,398
21 Southland Terrace Shopping Center Refinance 64,125 157,721 17,525 Cash   5,474 2,740 Cash   0 Springing
22 Nassau Bay Town Square Acquisition 0 94,313 13,473 Cash   0 Springing     0 838
23 U-Stor-It Lisle Refinance 60,938 53,854 13,463 Cash   0 Springing     8,170 821
24 So Cal Self Storage - Northridge Refinance 0 16,013 8,006 Cash   0 Springing     0 Springing
25 FedEx Ground - South Bend, IN Acquisition 0 0 Springing     0 Springing     0 Springing
26 Westland Colonial Village Apartments Refinance 0 158,924 22,122 Cash   109,438 9,850 Cash   0 6,292
27 Dallas MHC Portfolio Acquisition 289,830 81,146 11,592 Cash   4,513 2,256 Cash   0 1,233
27.01 Forest Acres MHC and RV Park                        
27.02 Woodshire MHC                        
27.03 Cobblestone MHC                        
28 So Cal Self Storage - Rancho Santa Margarita Refinance 0 21,287 10,644 Cash   0 Springing     0 Springing
29 FedEx - Boulder, CO Acquisition 0 0 53,508     0 Springing     0 0
30 Brewster Business Park Refinance 44,375 268,754 24,682 Cash   16,870 2,812 Cash   0 4,094
31 Bonanza Square Refinance 374,893 24,630 4,926 Cash   5,892 1,964 Cash   0 2,605
32 Lakeview and Creek Run Business Park Acquisition 177,625 12,092 12,092 Cash   0 Springing     0 0
32.01 Lakeview Commerce Center                        
32.02 Creekrun Business Park                        
33 So Cal Self Storage - Camarillo Refinance 0 8,982 2,994 Cash   0 Springing     0 Springing
34 South Main Shopping Center Acquisition 6,375 102,778 14,683 Cash   0 Springing     0 215
35 Publix Self Storage Refinance 0 40,810 8,162 Cash   0 Springing     32,076 891
36 SPS Frederick Refinance 0 0 Springing     0 Springing     0 Springing
37 Shopko - Redding Acquisition 0 0 Springing     0 Springing     0 1,568
38 West Crossing Shopping Center Refinance 0 66,536 9,505 Cash   0 Springing     0 167
39 Passaic Self Storage Refinance 11,813 28,549 9,516 Cash   0 Springing     0 856
40 NC Storage Center Portfolio Acquisition 32,500 9,702 2,812 Cash   0 Springing     14,500 947
40.01 Highway 70 Storage Center                        
40.02 North Cannon Storage Center                        

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Replacement Reserve Cap ($) Replacement Reserve Escrow - Cash or LoC Replacement Reserve Escrow - LoC Counterparty Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($)(13)(14) TI/LC Reserve Cap ($)(13)(14) TI/LC Escrow - Cash or LoC TI/LC Escrow - LoC Counterparty Debt Service Escrow (Initial) ($) Debt Service Escrow (Monthly) ($) Debt Service Escrow - Cash or LoC
1 The Shops at Crystals 0     0 Springing 4,440,000     0 0  
2 Vertex Pharmaceuticals HQ 0     0 0 0     0 0  
3 One Stamford Forum 0     0 0 0     0 0  
4 Renaissance Dallas 0     0 0 0     0 0  
5 Pinnacle II 0     0 0 0     0 0  
6 Brewers Hill 0 Cash   1,500,000 48,000 0 Cash   0 0  
7 Simon Premium Outlets 0     0 Springing 0     0 0  
7.01 Lee Premium Outlets                      
7.02 Gaffney Premium Outlets                      
7.03 Calhoun Premium Outlets                      
8 One Penn Center 0 Cash   3,000,000 150,000 3,000,000 Cash   0 0  
9 Hilton Long Island Huntington 0 Cash   0 0 0     0 0  
10 Aurora Office Building 0 Cash   0 45,833 3,000,000 Cash   0 0  
11 633 Third Avenue - Retail Condo 0 Cash   6,745 6,745 0 Cash   0 0  
12 Riverside University Village 0 Cash   0 17,500 420,000 Cash   0 0  
13 FedEx - Atlanta, GA 0     0 0 0     0 0  
14 FedEx - West Palm Beach, FL 0     0 0 0     0 0  
15 FedEx - Fife, WA 0     0 0 0     0 0  
16 420 East Third Street 0 Cash   1,500,000 Springing 750,000 Cash   0 0  
17 Courtyard Marriott - Baldwin Park 0 Cash   0 0 0     0 0  
18 Homewood Suites Del Mar 0 Cash   0 0 0     0 0  
19 Corporate Center at Kierland 0 Cash   128,145 4,500 162,000 Cash   0 0  
20 La Crosse Industrial 0 Cash   220,000 15,994 500,000 Cash   0 0  
21 Southland Terrace Shopping Center 0     0 0 0     0 0  
22 Nassau Bay Town Square 0 Cash   0 5,833; Springing 210,000 Cash   0 0  
23 U-Stor-It Lisle 29,556 Cash   0 0 0     0 0  
24 So Cal Self Storage - Northridge 0     0 0 0     0 0  
25 FedEx Ground - South Bend, IN 0     0 Springing 0     0 0  
26 Westland Colonial Village Apartments 0 Cash   0 0 0     0 0  
27 Dallas MHC Portfolio 0 Cash   0 0 0     0 0  
27.01 Forest Acres MHC and RV Park                      
27.02 Woodshire MHC                      
27.03 Cobblestone MHC                      
28 So Cal Self Storage - Rancho Santa Margarita 0     0 0 0     0 0  
29 FedEx - Boulder, CO 0     0 0 0     0 0  
30 Brewster Business Park 0 Cash   0 4,442 215,000 Cash   0 0  
31 Bonanza Square 137,824 Cash   25,000 9,530 225,000 Cash   0 0  
32 Lakeview and Creek Run Business Park 0     260,000 0 260,000 Cash   0 0  
32.01 Lakeview Commerce Center                      
32.02 Creekrun Business Park                      
33 So Cal Self Storage - Camarillo 0     0 0 0     0 0  
34 South Main Shopping Center 0 Cash   0 2,500 105,000 Cash   0 0  
35 Publix Self Storage 32,076 Cash   0 0 0     0 0  
36 SPS Frederick 0     0 0 0     0 0  
37 Shopko - Redding 37,632 Cash   0 Springing 0     0 0  
38 West Crossing Shopping Center 0 Cash   0 2,083 100,000 Cash   0 0  
39 Passaic Self Storage 0 Cash   0 0 0     0 0  
40 NC Storage Center Portfolio 0 Cash   0 0 0     0 0  
40.01 Highway 70 Storage Center                      
40.02 North Cannon Storage Center                      

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Debt Service Escrow - LoC Counterparty Other Escrow I Reserve Description Other Escrow I (Initial) ($) Other Escrow I (Monthly) ($) Other Escrow I Cap ($) Other Escrow I Escrow - Cash or LoC Other  Escrow I - LoC Counterparty
1 The Shops at Crystals     0 0 0    
2 Vertex Pharmaceuticals HQ     0 0 0    
3 One Stamford Forum     0 0 0    
4 Renaissance Dallas     0 0 0    
5 Pinnacle II     0 0 0    
6 Brewers Hill   Cigna TILC Reserve 331,511 0 0 Cash  
7 Simon Premium Outlets     0 0 0    
7.01 Lee Premium Outlets              
7.02 Gaffney Premium Outlets              
7.03 Calhoun Premium Outlets              
8 One Penn Center   Rent Concession Reserve 224,304 0 0 Cash  
9 Hilton Long Island Huntington   PIP Reserve 231,450 0 0 Cash  
10 Aurora Office Building   Outstanding TI/LC Reserve 4,904,605 0 0 Cash  
11 633 Third Avenue - Retail Condo     0 0 0    
12 Riverside University Village   Existing TI/LC Obligations 52,116 0 0 Cash  
13 FedEx - Atlanta, GA   Change Order Reserve; General Contract Completion and Punchlist Reserve 592,685 0 0 Cash  
14 FedEx - West Palm Beach, FL   Change Order Reserve 482,701 0 0 Cash  
15 FedEx - Fife, WA   Change Order Reserve 450,094 0 0 Cash  
16 420 East Third Street   Rent Reserve Escrow Deposit 69,875 0 0 Cash  
17 Courtyard Marriott - Baldwin Park     0 Springing 0    
18 Homewood Suites Del Mar   Seasonality Reserve 0 Springing 0    
19 Corporate Center at Kierland     0 0 0    
20 La Crosse Industrial     0 0 0    
21 Southland Terrace Shopping Center   Foot Locker Reserve 220,000 0 0 Cash  
22 Nassau Bay Town Square     0 0 0    
23 U-Stor-It Lisle     0 0 0    
24 So Cal Self Storage - Northridge   Debt Yield Reserve 180,000 0 0 Cash  
25 FedEx Ground - South Bend, IN     0 0 0 Cash  
26 Westland Colonial Village Apartments     0 0 0    
27 Dallas MHC Portfolio     0 0 0    
27.01 Forest Acres MHC and RV Park              
27.02 Woodshire MHC              
27.03 Cobblestone MHC              
28 So Cal Self Storage - Rancho Santa Margarita     0 0 0    
29 FedEx - Boulder, CO   General Contract Completion and Punchlist Reserve 146,549 0 0 Cash  
30 Brewster Business Park   Matco-Norca Rollover Reserve 500,000 0 0 Cash  
31 Bonanza Square     0 0 0    
32 Lakeview and Creek Run Business Park     0 0 0    
32.01 Lakeview Commerce Center              
32.02 Creekrun Business Park              
33 So Cal Self Storage - Camarillo     0 0 0    
34 South Main Shopping Center     0 0 0    
35 Publix Self Storage     0 0 0    
36 SPS Frederick     0 0 0    
37 Shopko - Redding     0 0 0    
38 West Crossing Shopping Center   Outstanding T-Mobile TI/LC Reserve 145,558 Springing 0 Cash  
39 Passaic Self Storage     0 0 0    
40 NC Storage Center Portfolio     0 0 0    
40.01 Highway 70 Storage Center              
40.02 North Cannon Storage Center              

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Other Escrow II Reserve Description Other Escrow II (Initial) ($) Other Escrow II (Monthly) ($) Other Escrow II Cap ($) Other Escrow II Escrow - Cash or LoC Other  Escrow II - LoC Counterparty Holdback Ownership Interest Ground Lease Initial Expiration Date Annual Ground Rent Payment
1 The Shops at Crystals   0 0 0       Fee    
2 Vertex Pharmaceuticals HQ   0 0 0       Fee    
3 One Stamford Forum   0 0 0       Fee    
4 Renaissance Dallas   0 0 0       Leasehold 4/30/2062 $23,720
5 Pinnacle II   0 0 0       Fee    
6 Brewers Hill   0 0 0       Fee    
7 Simon Premium Outlets   0 0 0       Fee    
7.01 Lee Premium Outlets               Fee    
7.02 Gaffney Premium Outlets               Fee    
7.03 Calhoun Premium Outlets               Fee    
8 One Penn Center Tenant Specific TILC Reserve 592,858 0 0 Cash     Fee    
9 Hilton Long Island Huntington   0 0 0       Fee    
10 Aurora Office Building   0 0 0       Fee    
11 633 Third Avenue - Retail Condo   0 0 0       Fee    
12 Riverside University Village   0 0 0       Fee    
13 FedEx - Atlanta, GA Rent Credit Reserve 179,882 0 0 Cash     Fee    
14 FedEx - West Palm Beach, FL General Contract Completion and Punchlist Reserve 34,988 0 0 Cash     Fee    
15 FedEx - Fife, WA Fence Completion Reserve 20,004 0 0 Cash     Fee    
16 420 East Third Street Outstanding TI/LC 721,830 0 0 Cash     Fee    
17 Courtyard Marriott - Baldwin Park   0 0 0       Fee    
18 Homewood Suites Del Mar PIP Reserve 0 Springing 0       Fee    
19 Corporate Center at Kierland   0 0 0       Fee    
20 La Crosse Industrial   0 0 0       Fee    
21 Southland Terrace Shopping Center   0 0 0       Fee    
22 Nassau Bay Town Square   0 0 0       Fee    
23 U-Stor-It Lisle   0 0 0       Fee    
24 So Cal Self Storage - Northridge   0 0 0       Fee    
25 FedEx Ground - South Bend, IN   0 0 0       Fee    
26 Westland Colonial Village Apartments   0 0 0       Fee    
27 Dallas MHC Portfolio   0 0 0       Fee    
27.01 Forest Acres MHC and RV Park               Fee    
27.02 Woodshire MHC               Fee    
27.03 Cobblestone MHC               Fee    
28 So Cal Self Storage - Rancho Santa Margarita   0 0 0       Fee    
29 FedEx - Boulder, CO Change Order Reserve 54,475 0 0 Cash     Fee    
30 Brewster Business Park Matco-Norca Unfunded Obligations Reserve 100,748 0 0 Cash     Fee    
31 Bonanza Square   0 0 0       Fee    
32 Lakeview and Creek Run Business Park   0 0 0       Fee    
32.01 Lakeview Commerce Center               Fee    
32.02 Creekrun Business Park               Fee    
33 So Cal Self Storage - Camarillo   0 0 0       Fee    
34 South Main Shopping Center   0 0 0       Fee    
35 Publix Self Storage   0 0 0       Fee    
36 SPS Frederick   0 0 0       Fee    
37 Shopko - Redding   0 0 0       Fee    
38 West Crossing Shopping Center T-Mobile Rent Reserve 59,202 0 0 Cash     Fee    
39 Passaic Self Storage   0 0 0       Fee    
40 NC Storage Center Portfolio   0 0 0       Fee    
40.01 Highway 70 Storage Center               Fee    
40.02 North Cannon Storage Center               Fee    

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Annual Ground Rent Increases Lockbox Whole Loan Cut-off Date Balance ($) Whole Loan Debt Service ($) Subordinate Secured Debt Original Balance ($) Subordinate Secured Debt Cut-off Date Balance ($) Whole Loan U/W NOI DSCR (x) Whole Loan U/W NCF DSCR (x) Whole Loan Cut-off Date LTV Ratio Whole Loan Cut-off Date U/W NOI Debt Yield Whole Loan Cut-off Date U/W NCF Debt Yield Mezzanine Debt Cut-off Date Balance($)
1 The Shops at Crystals   Hard/Springing Cash Management 550,000,000 1,739,833 167,300,000 167,300,000 2.37 2.28 50.0% 9.0% 8.7%  
2 Vertex Pharmaceuticals HQ   Hard/Springing Cash Management                   195,000,000
3 One Stamford Forum   Hard/Springing Cash Management                    
4 Renaissance Dallas   Springing                    
5 Pinnacle II   Hard/Upfront Cash Management                    
6 Brewers Hill   Soft/Springing Cash Management                    
7 Simon Premium Outlets   Hard/Springing Cash Management                    
7.01 Lee Premium Outlets                        
7.02 Gaffney Premium Outlets                        
7.03 Calhoun Premium Outlets                        
8 One Penn Center   Hard/Upfront Cash Management                    
9 Hilton Long Island Huntington   Springing                    
10 Aurora Office Building   Hard/Springing Cash Management                    
11 633 Third Avenue - Retail Condo   Hard/Upfront Cash Management                    
12 Riverside University Village   Springing                    
13 FedEx - Atlanta, GA   Hard/Springing Cash Management                    
14 FedEx - West Palm Beach, FL   Hard/Springing Cash Management                    
15 FedEx - Fife, WA   Hard/Springing Cash Management                    
16 420 East Third Street   Springing                    
17 Courtyard Marriott - Baldwin Park   Hard/Springing Cash Management                    
18 Homewood Suites Del Mar   Springing                    
19 Corporate Center at Kierland   Springing                    
20 La Crosse Industrial   Springing                    
21 Southland Terrace Shopping Center   Soft/Springing Cash Management                    
22 Nassau Bay Town Square   Springing                    
23 U-Stor-It Lisle   Springing                    
24 So Cal Self Storage - Northridge   None                    
25 FedEx Ground - South Bend, IN   Hard/Upfront Cash Management                    
26 Westland Colonial Village Apartments   Springing                    
27 Dallas MHC Portfolio   Soft/Springing Cash Management                    
27.01 Forest Acres MHC and RV Park                        
27.02 Woodshire MHC                        
27.03 Cobblestone MHC                        
28 So Cal Self Storage - Rancho Santa Margarita   None                    
29 FedEx - Boulder, CO   Hard/Springing Cash Management                    
30 Brewster Business Park   Hard/Springing Cash Management                    
31 Bonanza Square   Springing                    
32 Lakeview and Creek Run Business Park   Springing                    
32.01 Lakeview Commerce Center                        
32.02 Creekrun Business Park                        
33 So Cal Self Storage - Camarillo   None                    
34 South Main Shopping Center   Springing                    
35 Publix Self Storage   None                    
36 SPS Frederick   None                    
37 Shopko - Redding   Springing                    
38 West Crossing Shopping Center   Springing                    
39 Passaic Self Storage   Springing                    
40 NC Storage Center Portfolio   Springing                    
40.01 Highway 70 Storage Center                        
40.02 North Cannon Storage Center                        

 

 

   

 

 

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

 

Mortgage Loan Number Property Name Sponsor(10)(15) Affiliated Sponsors Mortgage Loan Number
1 The Shops at Crystals Simon Property Group, L.P.; Invesco Advisers Inc. Y - Group 1 1
2 Vertex Pharmaceuticals HQ Senior Housing Properties Trust   2
3 One Stamford Forum Beacon Company (Delaware); BRJ Fiduciary Management LLC, as Trustee under Trust Agreement dated November 5, 1974; Rosebay Medical Company L.P.   3
4 Renaissance Dallas Thomas Point Ventures, L.P.   4
5 Pinnacle II Hudson Pacific Properties, L.P.; M. David Paul Development, LLC   5
6 Brewers Hill D.W. Wells Obrecht   6
7 Simon Premium Outlets Simon Property Group, L.P. Y - Group 1 7
7.01 Lee Premium Outlets     7.01
7.02 Gaffney Premium Outlets     7.02
7.03 Calhoun Premium Outlets     7.03
8 One Penn Center Henry Gross   8
9 Hilton Long Island Huntington Naveen Shah   9
10 Aurora Office Building NRFC NNN Holdings, LLC   10
11 633 Third Avenue - Retail Condo Joseph Nakash   11
12 Riverside University Village Bochao Zhan   12
13 FedEx - Atlanta, GA MRP Group Y - Group 2 13
14 FedEx - West Palm Beach, FL MRP Group Y - Group 2 14
15 FedEx - Fife, WA MRP Group Y - Group 2 15
16 420 East Third Street Naomi Nakagama Kurata; Fred Kurata   16
17 Courtyard Marriott - Baldwin Park Ronnie Lam   17
18 Homewood Suites Del Mar Giuseppe Simone; Robert A. Rauch; The Giuseppe Simone Revocable Family Trust; The Robert A. Rauch & Linda Rauch Trust   18
19 Corporate Center at Kierland Ted Akiba   19
20 La Crosse Industrial Thomas E. Roberts; Michael J. Roberts   20
21 Southland Terrace Shopping Center Vardi Jeidel   21
22 Nassau Bay Town Square Dorian Bilak; Sara V. Dumont   22
23 U-Stor-It Lisle Lawrence S. Nora   23
24 So Cal Self Storage - Northridge Dennis L. Geiler and William V. Bromiley, individually and as trustees of the Dennis L. Geiler Family Trust and Edith Revocable Trust, respectively Y - Group 3 24
25 FedEx Ground - South Bend, IN Moses Mizrahi   25
26 Westland Colonial Village Apartments Jeffrey D. Spoon   26
27 Dallas MHC Portfolio Meritus Communities, LLC   27
27.01 Forest Acres MHC and RV Park     27.01
27.02 Woodshire MHC     27.02
27.03 Cobblestone MHC     27.03
28 So Cal Self Storage - Rancho Santa Margarita Dennis L. Geiler and William V. Bromiley, individually and as trustees of the Dennis L. Geiler Family Trust and Edith Revocable Trust, respectively Y - Group 3 28
29 FedEx - Boulder, CO MRP Group Y - Group 2 29
30 Brewster Business Park Joseph Simone, Joseph J. Sisca III   30
31 Bonanza Square Mary E. Connolly, individually and as trustee of the Mary E. Connolly Revocable Trust   31
32 Lakeview and Creek Run Business Park Avistone, LLC   32
32.01 Lakeview Commerce Center     32.01
32.02 Creekrun Business Park     32.02
33 So Cal Self Storage - Camarillo Anthony Giangrande; Dennis L. Geiler and William V. Bromiley, individually and as trustees of the Dennis L. Geiler Family Trust and Edith Revocable Trust, respectively Y - Group 3 33
34 South Main Shopping Center US Property Trust   34
35 Publix Self Storage Craig Smith; Diane Black-Smith   35
36 SPS Frederick See Footnote (15)   36
37 Shopko - Redding Chengben Wang   37
38 West Crossing Shopping Center Michael C. Ainbinder   38
39 Passaic Self Storage Richard Birdoff   39
40 NC Storage Center Portfolio Volta Global LLC   40
40.01 Highway 70 Storage Center     40.01
40.02 North Cannon Storage Center     40.02

 

 

   

 

 

FOOTNOTES TO ANNEX A-1

 

  See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans or Groups of Cross-Collateralized Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans.
   
(1) “WFB” denotes Wells Fargo Bank, National Association, “BANA” denotes Bank of America, National Association and “MSMCH” denotes Morgan Stanley Mortgage Capital Holdings LLC.
   
(2) Information regarding mortgage loans that are cross-collateralized with other mortgage loans is based upon the individual loan balances, except that the applicable loan-to-value ratio, debt service coverage ratio or debt yield for each such mortgage loan is based upon the ratio or yield (as applicable) for the aggregate indebtedness evidenced by all mortgage loans in the group (without regard to the $29,593,750 limitation on indebtedness secured by the FedEx – West Palm Beach, FL mortgaged property). On an individual basis, without regard to the cross-collateralization feature, any mortgage loan that is part of a cross-collateralized group of mortgage loans may have a higher loan-to-value ratio, lower debt service coverage ratio and/or lower debt yield than is presented herein. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Cross-Collateralized Mortgage Loans; Multi-Property Mortgage Loans and Related Borrower Mortgage Loans” in the Preliminary Prospectus.
   
(3) For mortgage loan #6 (Brewers Hill), the Number of Units includes 244,724 square feet of office space, 112,000 square feet of self storage space and 25,489 square feet of storage space.
   
  For mortgage loan #16 (420 East Third Street), the Number of Units includes 47,166 square feet of medical office space, 44,102 square feet of traditional office space and 24,884 square feet of retail space.
   
  For mortgage loan #27 (Dallas MHC Portfolio), the Forest Acre MHC and RV Park mortgaged property consist of 38 recreational vehicle sites.
   
(4) For mortgage loan #1 (The Shops at Crystals), the mortgage loan is represented by Notes A-2-B-2, A-2-B-3, A-3-B-2, A-3-B-3, B-2-B-2, B-2-B-3, B-3-B-2 and B-3-B-3, eight of 22 senior pari passu notes (in two tranches) which have a combined Cut-off Date Balance of $382,700,000. The remaining 14 notes (and all nine of the related subordinate companion notes) are not included in the trust. All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF figures presented are based on all of the senior pari passu notes in the aggregate and exclude the related subordinate companion notes. Notes A-2-B-2, A-2-B-3, A-3-B-2, A-3-B-3, B-2-B-2, B-2-B-3, B-3-B-2 and B-3-B-3 represent non-controlling interests in the related loan combination.
   
  For mortgage loan #2 (Vertex Pharmaceuticals HQ), the mortgage loan is evidenced by Note A-1 of nine pari passu notes, which have a combined Cut-off Date Balance of $425,000,000.  Notes A-2-1, A-2-2, A-2-3, A-3, A-4, A-5, A-6 and A-7 will not be included in the trust.  All loan-to-value, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on the Notes in the aggregate (the “Vertex Pharmaceuticals HQ Whole Loan”). Note A-1 represents the controlling interest in the Vertex Pharmaceuticals HQ Whole Loan.  
   
  For mortgage loan #3 (One Stamford Forum), the mortgage loan represents Note A-1 of two pari passu companion loans, which have a combined Cut-off Date Balance of $109,827,482.  Note A-2 is not included in the trust.  All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1 and Note A-2 in the aggregate (“One Stamford Forum Whole Loan”).  The Note A-1 mortgage loan is the controlling interest in One Stamford Forum Whole Loan.
   
  For mortgage loan #5 (Pinnacle II), the mortgage loan represents Note A-1 of three pari passu notes, which have a combined Cut-off Date principal balance of $87,000,000. Notes A-2 and A-3 are not included in the trust. All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF figures presented are based on Note A-1, Note A-2 and Note A-3

 

   

 

 

  in the aggregate (the “Pinnacle II Whole Loan”). Note A-1 represents the controlling interest in the Pinnacle II Whole Loan.
   
  For mortgage loan #7 (Simon Premium Outlets), the mortgage loan represents Note A-1 of three pari passu companion loans, which have a combined Cut-off Date Balance of $104,718,012.  Note A-2 and Note A-3 are not included in the trust.  All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1, Note A-2 and Note A-3 in the aggregate (“Simon Premium Outlets Whole Loan”).  The Note A-1 mortgage loan is the controlling interest in Simon Premium Outlets Whole Loan.
   
  For mortgage loan #8 (One Penn Center), the mortgage loan represents Note A-1 of two pari passu notes, which have a combined Cut-off Date principal balance of $68,000,000. Note A-2 is not included in the trust. All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF figures presented are based on Note A-1 and Note A-2 in the aggregate (the “One Penn Center Whole Loan”). Note A-1 represents the controlling interest in the One Penn Center Whole Loan.
   
  For mortgage loan #13 (FedEx – Atlanta, GA), the mortgage loan represents Note A-1 of two pari passu companion loans, which have a combined Cut-off Date Balance of $28,400,000.  Note A-2 is not included in the trust.  All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1 and Note A-2 in the aggregate (“FedEx – Atlanta, GA Whole Loan”).  The Note A-1 mortgage loan is the controlling interest in FedEx – Atlanta, GA Whole Loan.
   
  For mortgage loan #14 (FedEx – West Palm Beach, FL), the mortgage loan represents Note A-1 of two pari passu companion loans, which have a combined Cut-off Date Balance of $23,675,000.  Note A-2 is not included in the trust.  All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1 and Note A-2 in the aggregate (“FedEx – West Palm Beach, FL Whole Loan”).  The Note A-1 mortgage loan is the controlling interest in FedEx – West Palm Beach, FL Whole Loan.
   
  For mortgage loan #15 (FedEx – Fife, WA), the mortgage loan represents Note A-1 of two pari passu companion loans, which have a combined Cut-off Date Balance of $40,250,000.  Note A-2 is not included in the trust.  All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1 and Note A-2 in the aggregate (“FedEx – Fife, WA Whole Loan”).  The Note A-1 mortgage loan is the controlling interest in FedEx – Fife, WA Whole Loan.
   
  For mortgage loan #29 (FedEx – Boulder, CO), the mortgage loan represents Note A-1 of two pari passu companion loans, which have a combined Cut-off Date Balance of $18,450,000.  Note A-2 is not included in the trust.  All loan-to-value ratio, debt service coverage ratio, debt yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1 and Note A-2 in the aggregate (“FedEx – Boulder, CO Whole Loan”).  The Note A-1 mortgage loan is the controlling interest in FedEx – Boulder, CO Whole Loan.
   
(5) For mortgage loan #25 (FedEx Ground – South Bend, IN), the Cut-off Date Balance of $11,500,000 reflects a $1,000,000 paydown using a principal holdback reserve that was taken at closing.
   
(6) With respect to mortgage loan #10 (Aurora Office Building), the borrower may prepay the mortgage loan in part, including during the lockout period, subject to payment of a prepayment premium equal to the greater of a yield maintenance premium or 1.00% of the amount prepaid, in order to cure a cash management trigger event caused by a decline in debt service coverage ratio below 1.20x for the immediately preceding six consecutive calendar months.  Such prepayment is required to be made in the minimum amount such that the amortizing debt service coverage ratio is equal to or greater than 1.25x.

 

   

 

 

  For mortgage loan #27 (Dallas MHC Portfolio), mortgage loan #32 (Lakeview and Creek Run Business Park) and mortgage loan #40 (NC Storage Center Portfolio), the mortgage loan documents do not allow any partial releases.
   
(7) For mortgage loan #4 (Renaissance Dallas), 41.3% of U/W Revenues are from food and beverage operations.
   
  For mortgage loan #9 (Hilton Long Island Huntington), 34.6% of U/W Revenues are from food and beverage operations.
   
(8) In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises that were included in the underwriting.
   
  For mortgage loan #2 (Vertex Pharmaceuticals HQ), the fourth largest tenant (7,300 square feet), representing 0.6% of the net rentable square feet, represents a master lease from the original developer of the property to the borrower, and is not physically occupied. U/W Revenues include income from the fourth largest tenant.
   
  For mortgage loan #3 (One Stamford Forum), the largest tenant (337,456 square feet), representing 66.9% of net rentable square footage is not in occupancy of any of its space and has subleased 330,796 square feet (98.0%) of its space, of which 58,394 square feet is not being utilized.
   
  For mortgage loan #3 (One Stamford Forum), the largest tenant (337,456 square feet), representing 66.9% of net rentable square feet, subleases to three tenants as follows: 291,679 square feet for a total annual base rent of $8,750,370 ($30.00 per square foot expiring on December 31, 2020), 25,075 square feet for a total annual base rent of $827,475 ($33.00 per square foot expiring on December 30, 2020) and 14,042 square feet for a total annual base rent of $491,470 ($35.00 per square foot expiring on December 30, 2020).  That space is further sublet as follows: 43,563 square feet for a total annual base rent of $1,679,789 ($38.56 per square foot expiring on March 31, 2037), 11,784 square feet for a total annual base rent of $436,008 ($37.00 per square foot expiring on September 27, 2021), 8,705 square feet for a total annual base rent of $322,085 ($37.00 per square foot expiring on September 27, 2021) and 3,704 square feet for a total annual base rent of $137,048 ($37.00 per square foot expiring on September 27, 2021).
   
  For mortgage loan #5 (Pinnacle II), the sole tenant (230,000 square feet), representing 100% of net rentable square feet, is subleasing 40,165 square feet for an annual base rent, beginning October 2016, of $2,094,794 ($52.15 per square foot, expiring December 31, 2021).
   
  For mortgage loan #6 (Brewers Hill), the second largest tenant (73,880 square feet), representing 19.3% of net rentable square feet, is subleasing space to two tenants: 4,770 square feet for an annual base rent of $104,940 ($22.00 per square foot, expiring June 30, 2017) and 2,342 square feet for an annual base rent of $48,714 ($20.80 per square foot, expiring November 30, 2019).  The fourth largest tenant (25,017 square feet), representing 6.5% of net rentable square feet, subleases its entire space to the second largest tenant for an annual base rent of $408,276 ($16.32 per square foot, expiring April 30, 2019).
   
  For mortgage loan #11 (633 Third Avenue – Retail Condo), the second largest tenant (16,468 square feet), representing 40.7% of net rentable square feet, subleases 3,800 to the sponsor, for an annual base rent of $230,000 ($60.53 per square foot, expiring September 29, 2023).
   
  For mortgage loan #20 (La Crosse Industrial), the third largest tenant (17,686 square feet), representing 2.3% of net rentable square feet, subleases 5,228 square feet to four subtenants.
   
(9) The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable.

 

   

 

 

  For mortgage loan #1 (The Shops at Crystals), the fourth largest tenant (10,000 square feet), representing 3.8% of net rentable square feet, may terminate its lease if annual gross sales for 2016 are less than $30,000,000.  The fourth largest tenant has 60 days’ after reporting sales to provide written notice 182 days’ prior to termination and pay a termination fee equal to one-half the unamortized construction allowance.
   
  For mortgage loan #6 (Brewers Hill), the third largest tenant (46,587 square feet), representing 12.2% of net rentable square feet, may terminate its lease as of June 30, 2020 upon providing notice by September 30, 2019 and payment of a termination fee equal to $477,643.  The fifth largest tenant (22,985 square feet), representing 6.0% of net rentable square feet, may terminate its lease as of December 31, 2021 upon providing notice by March 31, 2021 and payment of a termination fee equal to $383,524.
   
  For mortgage loan #7 (Simon Premium Outlets), the fifth largest tenant at the Lee Premium Outlets mortgaged property (7,683 square feet), representing 3.4% of the net rentable square feet of the entire portfolio, may terminate its lease if gross sales do not exceed $3,000,000 at the end of each lease year. In addition, the fifth largest tenant at the Calhoun Premium Outlets mortgaged property (10,200 square feet), representing 4.0% of the net rentable square feet of the entire portfolio, has the option to terminate its lease if gross sales do not exceed $4,500,000 at the end of each lease year, upon no less than 60 days’ written notice.
   
  For mortgage loan #8 (One Penn Center), the largest tenant (74,155 square feet), representing 10.7% of net rentable square feet, may terminate its lease if funding for its fiscal year ending 2016, 2017, 2018 or 2019 is 50% less than the funding level in the lease agreement, upon providing notice by November 1st of the respective fiscal year end and payment of a termination fee detailed in the loan agreement.  The second largest tenant (44,765 square feet), representing 6.5% of net rentable square feet, may terminate its lease at any time after April 10, 2021, upon providing 90 days’ written notice.
   
  For mortgage loan #16 (420 East Third Street), the largest tenant (8,526 square feet), representing 7.3% of the net rentable square feet, may terminate its lease beginning on June 1, 2019 and at any time thereafter, with at least 270 days’ written notice.
   
  For mortgage loan #19 (Corporate Center at Kierland), the second largest tenant (16,872 square feet), representing 15.6% of net rentable square feet, may terminate its lease as of September 30, 2018, upon written notice on or before September 30, 2017 and the payment of a termination fee equal to the sum of $150,442 plus all unamortized abated base rent, tenant improvements, leasing commissions and legal fees.
   
  For mortgage loan #21 (Southland Terrace Shopping Center), the second largest tenant (25,000 square feet), representing 11.4% of net rentable square feet, may terminate its lease if gross sales for the trailing twelve month period ending November 2017 are less than $1,900,000.  The second largest tenant may terminate its lease upon providing 60 days’ written notice between December 2017 and May 2018 and payment of a termination fee equal to $33,000.  The third largest tenant (15,000 square feet), representing 6.8% of net rentable square feet, may terminate its lease if gross sales do not exceed $3,000,000 for the trailing twelve month period ending August 31, 2019.  The third largest tenant may terminate its lease at any time 180 days following August 31, 2019 and termination will be effective 210 days following receipt of the termination notice and payment of a termination fee equal to $90,000 plus all unamortized tenant improvements and leasing commissions.
   
  For mortgage loan #22 (Nassau Bay Town Square), the second largest tenant (5,754 square feet), representing 11.5% of net rentable square feet, may terminate its lease as of April 30, 2021 upon providing 120 day’s written notice and payment of three months base rent plus all unamortized tenant improvements and leasing commissions.
   
  For mortgage loan #30 (Brewster Business Park), the largest tenant (69,100 square feet), representing 52.0% of net rentable square feet, may terminate its lease June 1, 2021 through May 31, 2022 upon providing 12 months’ prior written notice.

 

   

 

 

  For mortgage loan #34 (South Main Shopping Center), the largest tenant (3,585 square feet), representing 20.8% of net rentable square feet, may terminate its lease November 30, 2021 upon providing six months’ prior written notice.
   
(10) For mortgage loan #3 (One Stamford Forum), the second largest tenant (167,015 square feet), representing 33.1% of net rentable square feet (or 90.9% of net rentable square footage including the space that it subleases), is an affiliate of the borrower.
   
  For mortgage loan #6 (Brewers Hill), the largest tenant (112,000 square feet), representing 29.3% of net rentable square feet, is affiliated with the sponsor.
   
  For mortgage loan #16 (420 East Third Street), 22,929 square feet (19.7% of the net rentable square feet), including the second and fourth largest tenants, are leased to affiliates of the sponsor.
   
(11) For mortgage loan #3 (One Stamford Forum), the second largest tenant (167,015 square feet), representing 33.1% of net rentable square footage (or 90.9% of net rentable square footage including the space that it subleases) has signed a lease on 100.0% of the net rentable square footage beginning January 1, 2021 and expiring on June 30, 2031 with a six and a half year renewal option.
   
  For mortgage loan #6 (Brewers Hill), the second largest tenant (73,880 square feet), representing 19.3% of net rentable square feet, has multiple leases that expire as follows: 69,110 square feet expiring November 30, 2019 and 4,770 square feet expiring June 30, 2017.
   
  For mortgage loan #12 (Riverside University Village), the second largest tenant (12,726 square feet), representing 7.1% of net rentable square feet, has multiple leases that expire as follows: 4,836 square feet expiring September 11, 2016 and 7,890 square feet expiring January 22, 2017.
   
  For mortgage loan #19 (Corporate Center at Kierland), the largest tenant (56,608 square feet), representing 52.5% of net rentable square feet, has multiple leases that expire as follows: 9,974 square feet expiring February 14, 2019 and 46,634 square feet expiring July 26, 2026.
   
(12) For mortgage loan #18 (Homewood Suites Del Mar), the Monthly Replacement Reserve will be adjusted to an amount equal to the greater of the existing Monthly Replacement Reserve and 1/12th of 4% of underwritten revenue for the trailing 12 month period.
   
(13) For mortgage loan #6 (Brewers Hill), the Monthly TI/LC deposit will adjust to $40,000 after July 2019, and a TI/LC Cap of $1,000,000 will be put in place.
   
(14) For mortgage loan #1 (The Shops at Crystals), the Springing TI/LC will be a guaranty.
   
(15) For mortgage loan #36 (SPS Frederick), the sponsors are Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Allen Orwitz and Lea Orwitz individually and as Co-Trustees of the Allen Orwitz and Lea Orwitz Revocable Trust; BACO Realty Corporation.