FWP 1 n731_anxa1-x3.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
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    REGISTRATION FILE NO.: 333-206582-04
     

 

     
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ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS  
                         
                         
Property
Flag
Footnotes Loan ID Property Name % of Initial
Pool Balance
Mortgage
Loan
Originator(1)
Mortgage
Loan Seller(1)
Original
Balance
Cut-off Date
Balance
Maturity/ARD
Balance
Cut-off Date
Balance per SF/
Units/Rooms/Pads
Loan Purpose Sponsor
Loan 4 1 Vertex Pharmaceuticals HQ 8.7%    MSMCH MSMCH $77,500,000 $77,500,000 $77,500,000 $375 Refinance Senior Housing Properties Trust
Loan 4, 5, 6, 7 2 Easton Town Center 8.4%    MSMCH MSMCH $75,000,000 $75,000,000 $75,000,000 $259 Refinance L Brands, Inc.; Marshall Rose, either individually or as a trustee of the Wendi Rose 1972 Trust and Andrew Rose 1972 Trust, and/or Adam Flatto
Loan 4 3 Briarwood Mall 7.9%    BANA BANA $70,000,000 $70,000,000 $70,000,000 $446 Refinance Simon Property Group, L.P.; GM Pension Trust
Loan 4, 8 4 Coconut Point 6.7%    MSMCH MSMCH $60,000,000 $60,000,000 $50,596,023 $227 Refinance Simon Property Group, L.P.
Loan   5 Bellevue Park Corporate Center 6.1%    SMC SMF III $54,375,000 $54,375,000 $49,659,346 $178 Refinance Robert E. Buccini; Christopher F. Buccini; David B. Pollin
Loan 4, 7 6 Flagler Corporate Center 4.7%    SMC SMF III $42,000,000 $41,952,330 $34,282,969 $121 Refinance Abraham J. Hoffman; Jacob Hoffman
Loan 7 7 Hilton Cocoa Beach 4.3%    SMC SMF III $38,000,000 $37,876,950 $31,454,781 $128,396 Acquisition Driftwood Acquisition and Development L.P.; Carlos J. Rodriguez; David Buddemeyer
Loan   8 Clemson Lofts Apartments 3.4%    BANA BANA $30,000,000 $30,000,000 $26,068,049 $129,310 Refinance John T. Hoover, III; George J. Selembo, Jr.
Loan 4, 9, 10, 11 9 Columbia Center 3.1%    SMC SMF III $28,000,000 $27,966,628 $22,689,800 $122 Refinance Four O Group, L.L.C.; Three O LLC; Alan M. Kiriluk
Property   9.01 Columbia Center I   SMC SMF III $16,970,992 $16,950,765 $13,752,443      
Property   9.02 Columbia Center II   SMC SMF III $9,917,557 $9,905,737 $8,036,692      
Property   9.03 Columbia Center IV   SMC SMF III $1,111,450 $1,110,126 $900,663      
Loan 10 10 Hamister Hospitality Portfolio 3.1%    MSMCH MSMCH $27,720,000 $27,720,000 $22,537,499 $88,280 Acquisition Hamister Group
Property   10.01 Hampton Inn Hazleton   MSMCH MSMCH $10,150,000 $10,150,000 $8,252,367      
Property   10.02 Residence Inn Hazleton   MSMCH MSMCH $9,660,000 $9,660,000 $7,853,977      
Property   10.03 Fairfield Inn & Suites Hazleton   MSMCH MSMCH $7,910,000 $7,910,000 $6,431,155      
Loan   11 Club Quarters - Washington, D.C. 3.0%    BANA BANA $26,625,000 $26,591,122 $21,356,139 $165,162 Acquisition Alamana Trust
Loan 4, 9, 10 12 Simon Premium Outlets 2.8%    BANA BANA $25,000,000 $24,900,559 $20,027,652 $134 Refinance Simon Property Group, L.P.
Property   12.01 Lee Premium Outlets   BANA BANA $12,857,143 $12,806,002 $10,299,935      
Property   12.02 Gaffney Premium Outlets   BANA BANA $7,500,000 $7,470,168 $6,008,296      
Property   12.03 Calhoun Premium Outlets   BANA BANA $4,642,857 $4,624,390 $3,719,421      
Loan 4 13 The Shops at Crystals 2.2%    BANA BANA $20,000,000 $20,000,000 $20,000,000 $1,459 Recapitalization Simon Property Group, L.P.; Invesco Advisers Inc.
Loan 4, 7 14 International Square 2.2%    BANA BANA $20,000,000 $20,000,000 $20,000,000 $213 Refinance D.C. Area Portfolio Upper Tier JV, L.P.
Loan 12 15 Village at Main Street 2.2%    BNYM SMF III $19,800,000 $19,800,000 $17,184,688 $239 Refinance Robert G. Johnson
Loan 9, 10 16 Space Park North & Old Stone Bridge 2.1%    MSMCH MSMCH $19,000,000 $19,000,000 $19,000,000 $20 Acquisition Jeremy Kaufman
Property   16.01 Space Park North   MSMCH MSMCH $14,000,000 $14,000,000 $14,000,000      
Property   16.02 Old Stone Bridge 1&2   MSMCH MSMCH $3,437,500 $3,437,500 $3,437,500      
Property   16.03 Old Stone Bridge 3 & 4   MSMCH MSMCH $1,562,500 $1,562,500 $1,562,500      
Loan   17 Ryan Plaza 2.0%    BNYM SMF III $17,500,000 $17,500,000 $15,181,687 $506 Refinance Kami Hoss, D.D.S.; Nazli Keri
Loan   18 Park Tower Long Beach 1.9%    BANA BANA $16,747,250 $16,747,250 $16,747,250 $140 Acquisition Claus Dieckell
Loan   19 Seminole Centre 1.7%    CIBC CIBC $15,000,000 $15,000,000 $13,039,066 $94 Refinance Richard Birdoff
Loan   20 170 Marcel Drive 1.7%    CIBC CIBC $15,000,000 $14,809,446 $12,354,980 $139 Refinance Lee M. Elman
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard 1.6%    BNYM SMF III $14,000,000 $14,000,000 $12,696,436 $342 Acquisition Albert Taban
Loan   22 Residence Inn Greensboro Airport 1.6%    CIBC CIBC $14,000,000 $13,955,202 $10,429,462 $120,303 Refinance Bhupendra M. Patel, Pankaj V. Patel
Loan   23 Carrington Place 1.6%    CIBC CIBC $13,800,000 $13,800,000 $12,005,155 $80,233 Refinance CJPC, LLC
Loan   24 Courtyard by Marriott Atlanta Airport West 1.2%    MSMCH MSMCH $10,250,000 $10,250,000 $10,250,000 $80,078 Recapitalization HTH Corporation
Loan   25 Scottsdale Design District 1.1%    MSMCH MSMCH $10,000,000 $10,000,000 $10,000,000 $91 Refinance Wilshire Capital Partners
Loan   26 Sierra Crest Center 0.9%    BANA BANA $8,300,000 $8,300,000 $6,097,826 $122 Refinance Uzi Zimmerman
Loan   27 Hilton Garden Inn - Newport News 0.9%    CIBC CIBC $8,300,000 $8,181,595 $5,989,982 $67,062 Refinance Ratnam V. Patel; Vijay Patel
Loan   28 Trexlertown Marketplace 0.9%    BANA BANA $7,750,000 $7,696,714 $6,367,188 $212 Refinance Richard Birdoff
Loan   29 The Village by the Creek 0.8%    SMC SMF III $7,500,000 $7,500,000 $6,468,775 $282 Refinance Mark S. McDonald
Loan   30 Palm Ridge Plaza 0.8%    MSMCH MSMCH $7,150,000 $7,150,000 $6,495,032 $244 Refinance Nicholas Chimienti
Loan   31 Drake Crossing Shopping Center 0.8%    CIBC CIBC $7,000,000 $7,000,000 $5,646,892 $125 Refinance CNA Enterprises, Inc.; Overland Capital Corp.
Loan   32 116th Street Centre 0.8%    SMC SMF III $6,975,750 $6,975,750 $5,863,342 $156 Acquisition TitanStar Properties Inc.
Loan   33 StorQuest - Glendale, AZ 0.8%    BANA BANA $6,800,000 $6,800,000 $6,800,000 $88 Refinance William W. Hobin; Clark W. Porter; Timothy B. Hobin
Loan   34 Canton Landings 0.8%    CIBC CIBC $6,700,000 $6,700,000 $5,734,148 $113 Refinance Jacob Bacall; Edmond Savaya; Fekret Savaya
Loan   35 Tarponwood Lake Apartments 0.7%    CIBC CIBC $6,300,000 $6,285,716 $5,145,885 $41,905 Refinance Mark Saljanin
Loan   36 Galleria West Shopping Center 0.7%    MSMCH MSMCH $6,250,000 $6,250,000 $5,417,653 $98 Refinance William B. Bode
Loan 7 37 Imperial Plaza 0.6%    SMC SMF III $5,460,000 $5,460,000 $4,696,810 $56 Refinance Bon Investments USA LLC
Loan 10 38 Atlantic Self Storage Portfolio 0.6%    BANA BANA $5,162,500 $5,162,500 $4,389,416 $30 Acquisition Benjamin S. Macfarland III
Property   38.01 Highway 21 Self Storage   BANA BANA $3,658,729 $3,658,729 $3,110,835      
Property   38.02 Ulock & HCCS Self Storage   BANA BANA $872,724 $872,724 $742,034      
Property   38.03 Highway 280 Self Storage   BANA BANA $631,047 $631,047 $536,548      
Loan   39 StorQuest - West LA, CA 0.6%    BANA BANA $4,900,000 $4,900,000 $4,465,970 $257 Refinance William W. Hobin; Clark W. Porter; Timothy B. Hobin
Loan   40 Maple Leaf Plaza 0.5%    CIBC CIBC $4,650,000 $4,650,000 $4,385,295 $31 Acquisition Eliezer Kraus
Loan   41 Tinley Pointe Centre 0.5%    CIBC CIBC $4,600,000 $4,600,000 $3,911,307 $253 Acquisition Michael Butler; Steven Greenberger; Aaron Harris; Brandon Thomas
Loan   42 Price Chopper Richfield Springs 0.5%    CIBC CIBC $4,300,000 $4,286,333 $3,568,963 $116 Refinance Larry H. Becker; Robert C. Miller
Loan   43 West Plaza Shopping Center 0.4%    CIBC CIBC $3,950,000 $3,933,604 $3,284,395 $33 Refinance Ted Beresford; Theodore Beresford III; Geoffrey Beresford
Loan   44 Belleayre Apartments 0.4%    CIBC CIBC $3,625,000 $3,625,000 $3,193,662 $80,556 Refinance Sebastian A. Mascaro; Miguel Mascaro
Loan   45 Dearborn Business Park 0.4%    BANA BANA $3,530,000 $3,530,000 $3,099,645 $30 Acquisition Avistone, LLC
Loan   46 Bank of America Shopping Center 0.4%    MSMCH MSMCH $3,300,000 $3,300,000 $3,047,897 $329 Acquisition SNDN JT TEN, LP; Angelica Galkin
Loan   47 Tuller Ridge Business Park 0.4%    BANA BANA $3,285,000 $3,285,000 $3,030,647 $45 Acquisition Avistone, LLC
Loan   48 Bayberry Crossing Shopping Center 0.3%    MSMCH MSMCH $2,800,000 $2,800,000 $2,249,382 $51 Refinance Everest Properties, Inc.
Loan   49 8141 Hull Street Road 0.2%    PLS BANA $2,100,000 $2,051,749 $1,779,624 $74 Refinance Danny C. Aderholt
                           

 

A-1-1 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                         
            MORTGAGED PROPERTY CHARACTERISTICS
Property
Flag
Footnotes Loan ID Property Name Non-Recourse Carveout Guarantor   No. of
Properties
General Property Type Detailed Property Type Title Type Ground Lease
Initial Lease
Expiration Date
Address City
Loan 4 1 Vertex Pharmaceuticals HQ Senior Housing Properties Trust   1 Office CBD Fee N/A 11 Fan Pier Boulevard & 50 Northern Avenue Boston
Loan 4, 5, 6, 7 2 Easton Town Center None   1 Retail Super Regional Mall Fee N/A 160 Easton Town Center Columbus
Loan 4 3 Briarwood Mall Simon Property Group, L.P.   1 Retail Super Regional Mall Fee N/A 100 Briarwood Circle Ann Arbor
Loan 4, 8 4 Coconut Point Simon Property Group, L.P.; Dillard’s Inc.   1 Retail Anchored Fee N/A 23106 Fashion Drive Estero
Loan   5 Bellevue Park Corporate Center Robert E. Buccini; Christopher F. Buccini; David B. Pollin   1 Office Suburban Fee N/A 200, 300 and 400 Bellevue Parkway Wilmington
Loan 4, 7 6 Flagler Corporate Center Abraham J. Hoffman; Jacob Hoffman   1 Office Suburban Fee N/A 9250 West Flagler Street Miami
Loan 7 7 Hilton Cocoa Beach Driftwood Acquisition and Development L.P.; Carlos J. Rodriguez; David Buddemeyer   1 Hospitality Full Service Fee N/A 1550 N Atlantic Ave Cocoa Beach
Loan   8 Clemson Lofts Apartments John T. Hoover, III; George J. Selembo, Jr.   1 Multifamily Student Housing Fee N/A 111 Cochran Road Clemson
Loan 4, 9, 10, 11 9 Columbia Center Four O Group, L.L.C.; Three O LLC; Alan M. Kiriluk   3            
Property   9.01 Columbia Center I       Office Suburban Fee N/A 201 West Big Beaver Road Troy
Property   9.02 Columbia Center II       Office Suburban Fee N/A 101 West Big Beaver Road Troy
Property   9.03 Columbia Center IV       Office Suburban Fee N/A 203 West Big Beaver Road Troy
Loan 10 10 Hamister Hospitality Portfolio Mark E. Hamister   3            
Property   10.01 Hampton Inn Hazleton       Hospitality Select Service Fee N/A 1 Top of the 80s Road Hazleton
Property   10.02 Residence Inn Hazleton       Hospitality Extended Stay Fee N/A 1 Station Circle Drive Hazleton
Property   10.03 Fairfield Inn & Suites Hazleton       Hospitality Select Service Fee N/A 1 Woodbine Street Hazleton
Loan   11 Club Quarters - Washington, D.C. CQ DC Acquisition LLC   1 Hospitality Full Service Fee N/A 839 17th Street, Northwest Washington
Loan 4, 9, 10 12 Simon Premium Outlets Simon Property Group, L.P.   3            
Property   12.01 Lee Premium Outlets       Retail Outlet Center Fee N/A 50 Water Street Lee
Property   12.02 Gaffney Premium Outlets       Retail Outlet Center Fee N/A 1 Factory Shops Boulevard Gaffney
Property   12.03 Calhoun Premium Outlets       Retail Outlet Center Fee N/A 455 Belwood Road Calhoun
Loan 4 13 The Shops at Crystals Simon Property Group, L.P.; ICRE REIT Holdings   1 Retail Anchored Fee N/A 3720 South Las Vegas Boulevard Las Vegas
Loan 4, 7 14 International Square N/A   1 Office CBD Fee N/A 1825-1875 I Street Northwest & 1850 K Street Northwest Washington
Loan 12 15 Village at Main Street Robert G. Johnson   1 Retail Unanchored Fee N/A 30050 Southwest Town Center Loop West Wilsonville
Loan 9, 10 16 Space Park North & Old Stone Bridge B. Jeremy Kaufman   3            
Property   16.01 Space Park North       Industrial Mixed Use Fee N/A 101-114, 201-212, 301-314, 401-430, 501-550, 601-627, 701-716, 801-816, 901-915 Space Park N Goodlettsville
Property   16.02 Old Stone Bridge 1&2       Industrial Mixed Use Fee N/A 101-120 Old Stone Bridge Road; 201-221 Old Stone Bridge Road Goodlettsville
Property   16.03 Old Stone Bridge 3 & 4       Industrial Mixed Use Fee N/A 301-312 Old Stone Bridge Road & 401-413 Old Stone Bridge Road Goodlettsville
Loan   17 Ryan Plaza Kami Hoss, D.D.S.; Nazli Keri   1 Office Suburban Fee N/A 11943 El Camino Real San Diego
Loan   18 Park Tower Long Beach Claus Dieckell   1 Office Suburban Fee N/A 5150 East Pacific Coast Highway Long Beach
Loan   19 Seminole Centre Richard Birdoff   1 Retail Anchored Fee N/A 3609 South Orlando Drive Sanford
Loan   20 170 Marcel Drive Lee M. Elman   1 Office Suburban Fee N/A 170 Marcel Drive Winchester
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard Albert Taban   1 Office Suburban Fee N/A 1950 Sawtelle Boulevard Los Angeles
Loan   22 Residence Inn Greensboro Airport Bhupendra M. Patel, Pankaj V. Patel   1 Hospitality Limited Service Fee N/A 7616 Thorndike Road Greensboro
Loan   23 Carrington Place CJPC, LLC   1 Multifamily Garden Fee N/A 825 Johns Road Boerne
Loan   24 Courtyard by Marriott Atlanta Airport West HTH Holdings, Inc.   1 Hospitality Select Service Fee N/A 3400 Creek Pointe Drive East Point
Loan   25 Scottsdale Design District Wilshire Capital Investments, LLC and RTB Investment Management, LLC   1 Retail Specialty Fee N/A 2708 - 2732 North 68th Street Scottsdale
Loan   26 Sierra Crest Center Uzi Zimmerman   1 Mixed Use Retail/Office Fee N/A 27125 Sierra Highway Santa Clarita
Loan   27 Hilton Garden Inn - Newport News Ratnam V. Patel; Vijay Patel   1 Hospitality Select Service Fee N/A 180 Regal Way Newport News
Loan   28 Trexlertown Marketplace Richard Birdoff   1 Retail Anchored Leasehold 6/2/2031 6379 Hamilton Boulevard Lower Macungie Township
Loan   29 The Village by the Creek Mark S. McDonald   1 Retail Unanchored Fee N/A 800 164th Street SE and 16430 9th Avenue SE Mill Creek
Loan   30 Palm Ridge Plaza Nicholas Chimienti   1 Retail Shadow Anchored Fee N/A 11962 CR 101 The Villages
Loan   31 Drake Crossing Shopping Center CNA Enterprises, Inc.; Overland Capital Corp.   1 Retail Shadow Anchored Fee N/A 2100-2170 West Drake Road Fort Collins
Loan   32 116th Street Centre TitanStar Properties Inc.   1 Retail Unanchored Fee N/A 820 & 890 East 116th Street and 1400 Guilford Road Carmel
Loan   33 StorQuest - Glendale, AZ William W. Hobin; Clark W. Porter; Timothy B. Hobin   1 Self Storage Self Storage Fee N/A 6310 West Union Hills Drive Glendale
Loan   34 Canton Landings Jacob Bacall; Edmond Savaya; Fekret Savaya   1 Mixed Use Office/Retail Fee N/A 44918 - 44978 Ford Road Canton
Loan   35 Tarponwood Lake Apartments Mark Saljanin   1 Multifamily Garden Fee N/A 715 East Lime Street Tarpon Springs
Loan   36 Galleria West Shopping Center William B. Bode   1 Retail Unanchored Fee N/A 18900 West Bluemound Road Brookfield
Loan 7 37 Imperial Plaza Bon Investments USA LLC   1 Retail Anchored Fee N/A 200-400 28th Street & 400 West 26th Street Bellaire
Loan 10 38 Atlantic Self Storage Portfolio Benjamin S. Macfarland III   3            
Property   38.01 Highway 21 Self Storage       Self Storage Self Storage Fee N/A 45, 90-92 Laurel Bay Road & 10 Self Storage Road Beaufort
Property   38.02 Ulock & HCCS Self Storage       Self Storage Self Storage Fee N/A 105, 271 Third Street & 601, 603 Elm Street Hampton
Property   38.03 Highway 280 Self Storage       Self Storage Self Storage Fee N/A 649 Parris Island Gateway Beaufort
Loan   39 StorQuest - West LA, CA William W. Hobin; Clark W. Porter; Timothy B. Hobin   1 Self Storage Self Storage Leasehold 9/30/2051 2525-2531 Sawtelle Boulevard Los Angeles
Loan   40 Maple Leaf Plaza Eliezer Kraus   1 Retail Anchored Fee N/A 540 Water Street Chardon
Loan   41 Tinley Pointe Centre Michael Butler; Steven Greenberger; Aaron Harris; Brandon Thomas   1 Retail Unanchored Fee N/A 7020-7086 183rd Street Tinley Park
Loan   42 Price Chopper Richfield Springs Larry H. Becker; Robert C. Miller   1 Retail Anchored Fee N/A 1 Main Street Richfield Springs
Loan   43 West Plaza Shopping Center Ted Beresford; Theodore Beresford III; Geoffrey Beresford   1 Retail Anchored Fee N/A 700 W Jackson Street Mexico
Loan   44 Belleayre Apartments Sebastian A. Mascaro; Miguel Mascaro   1 Multifamily Student Housing Fee N/A 700 Stewart Avenue Ithaca
Loan   45 Dearborn Business Park Richard M. Kent; Jeffrey J. Katke; Daniel P. Culler   1 Industrial Flex Fee N/A 777, 771 Dearborn Park Lane Columbus
Loan   46 Bank of America Shopping Center Shahriyar Neman; Diane Neman; Angelica Galkin   1 Retail Unanchored Fee N/A 4793 North Congress Avenue Boynton Beach
Loan   47 Tuller Ridge Business Park Richard M. Kent; Jeffrey J. Katke; Daniel P. Culler   1 Industrial Flex Fee N/A 4333, 4353, 4393 Tuller Ridge Drive Dublin
Loan   48 Bayberry Crossing Shopping Center Everest BF Residential Properties, LP   1 Retail Unanchored Fee N/A 507-579 SE Melody Lane Lee’s Summit
Loan   49 8141 Hull Street Road Danny C. Aderholt   1 Office Suburban Fee N/A 8141 Hull Street Road Richmond

 

A-1-2 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                         
        MORTGAGED PROPERTY CHARACTERISTICS   MORTGAGE LOAN CHARACTERISTICS
Property
Flag
Footnotes Loan ID Property Name County State Zip Code Year Built Year Renovated Size Units of
Measure
Occupancy
Rate
Occupancy Rate
As-of Date
Appraised
Value
Appraised Value
As-of Date
  Mortgage
Rate
Administrative
Fee Rate(2)
Master Servicing
Fee Rate
Primary Servicing
Fee Rate
Pari Passu
Loan Primary Servicing
Fee Rate
Loan 4 1 Vertex Pharmaceuticals HQ Suffolk MA 02210 2013 N/A 1,133,723 SF 99.9% 4/30/2016 $1,198,000,000 6/3/2016   2.798% 0.01281% 0.00250% 0.00000% 0.00250%
Loan 4, 5, 6, 7 2 Easton Town Center Franklin OH 43219 1999 2015 1,303,073 SF 96.7% 6/24/2016 $1,186,000,000 7/12/2016   3.616% 0.01156% 0.00250% 0.00000% 0.00125%
Loan 4 3 Briarwood Mall Washtenaw MI 48108 1973 2015 369,916 SF 96.1% 8/1/2016 $336,000,000 7/18/2016   3.292% 0.01769% 0.00250% 0.00250% 0.00000%
Loan 4, 8 4 Coconut Point Lee FL 33928 2006 N/A 836,531 SF 88.4% 6/7/2016 $283,000,000 7/19/2016   3.953% 0.01281% 0.00250% 0.00250% 0.00000%
Loan   5 Bellevue Park Corporate Center New Castle DE 19809 1987; 1989; 1990 N/A 305,398 SF 99.3% 8/1/2016 $84,000,000 5/26/2016   4.273% 0.01555% 0.00250% 0.00250% 0.00000%
Loan 4, 7 6 Flagler Corporate Center Miami-Dade FL 33174 1974 2016 634,818 SF 78.0% 8/3/2016 $121,000,000 6/29/2016   4.716% 0.01913% 0.00250% 0.00250% 0.00000%
Loan 7 7 Hilton Cocoa Beach Brevard FL 32931 1986 2014 295 Rooms 81.6% 6/30/2016 $57,000,000 7/1/2016   5.145% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   8 Clemson Lofts Apartments Pickens SC 29631 2014-2015 N/A 232 Units 100.0% 6/7/2016 $43,000,000 6/3/2016   4.100% 0.01555% 0.00250% 0.00250% 0.00000%
Loan 4, 9, 10, 11 9 Columbia Center           537,653 SF 84.7%   $95,500,000     4.500% 0.01281% 0.00250% 0.00250% 0.00000%
Property   9.01 Columbia Center I Oakland MI 48084 1988 N/A 254,978 SF 89.6% 7/15/2016 $48,000,000 7/1/2016            
Property   9.02 Columbia Center II Oakland MI 48084 2000 N/A 251,620 SF 77.8% 7/15/2016 $41,000,000 7/1/2016            
Property   9.03 Columbia Center IV Oakland MI 48084 1996 2016 31,055 SF 100.0% 7/15/2016 $6,500,000 7/1/2016            
Loan 10 10 Hamister Hospitality Portfolio           314 Rooms 68.3%   $39,600,000     4.600% 0.03305% 0.00250% 0.02000% 0.00000%
Property   10.01 Hampton Inn Hazleton Luzerne PA 18202 1993 2012 122 Rooms 68.0% 7/31/2016 $14,500,000 6/16/2016            
Property   10.02 Residence Inn Hazleton Luzerne PA 18202 2008 N/A 92 Rooms 65.5% 7/31/2016 $13,800,000 6/16/2016            
Property   10.03 Fairfield Inn & Suites Hazleton Luzerne PA 18202 2002 2009 100 Rooms 71.0% 7/31/2016 $11,300,000 6/16/2016            
Loan   11 Club Quarters - Washington, D.C. N/A DC 20006 1925 1996; 2013-2015 161 Rooms 90.6% 6/30/2016 $54,000,000 6/8/2016   4.204% 0.01555% 0.00250% 0.00250% 0.00000%
Loan 4, 9, 10 12 Simon Premium Outlets           782,765 SF 93.7%   $223,700,000     4.168% 0.01281% 0.00250% 0.00000% 0.00250%
Property   12.01 Lee Premium Outlets Berkshire MA 01238 1997 N/A 224,825 SF 97.8% 5/19/2016 $115,000,000 4/14/2016            
Property   12.02 Gaffney Premium Outlets Cherokee SC 29341 1996 N/A 303,877 SF 90.5% 5/19/2016 $67,200,000 4/12/2016            
Property   12.03 Calhoun Premium Outlets Gordon GA 30701 1992 N/A 254,063 SF 93.9% 5/19/2016 $41,500,000 4/1/2016            
Loan 4 13 The Shops at Crystals Clark NV 89109 2009 N/A 262,327 SF 87.6% 4/21/2016 $1,100,000,000 4/26/2016   3.744% 0.01281% 0.00250% 0.00000% 0.00250%
Loan 4, 7 14 International Square N/A DC 20006 1978-1982 2005 1,158,732 SF 94.2% 7/18/2016 $757,000,000 6/13/2016   3.615% 0.01156% 0.00250% 0.00000% 0.00125%
Loan 12 15 Village at Main Street Clackamas OR 97070 1998 N/A 82,899 SF 90.7% 7/1/2016 $26,400,000 10/12/2015   5.050% 0.01555% 0.00250% 0.00250% 0.00000%
Loan 9, 10 16 Space Park North & Old Stone Bridge           957,691 SF 86.9%   $30,400,000     4.280% 0.01555% 0.00250% 0.00250% 0.00000%
Property   16.01 Space Park North Davidson TN 37072 1979-1984 N/A 707,321 SF 82.2% 6/30/2016 $21,600,000 6/13/2016            
Property   16.02 Old Stone Bridge 1&2 Davidson TN 37072 1986 N/A 205,370 SF 100.0% 6/30/2016 $6,050,000 6/13/2016            
Property   16.03 Old Stone Bridge 3 & 4 Davidson TN 37072 1986 N/A 45,000 SF 100.0% 6/30/2016 $2,750,000 6/13/2016            
Loan   17 Ryan Plaza San Diego CA 92130 2005 N/A 34,601 SF 100.0% 3/31/2016 $24,000,000 11/17/2015   5.032% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   18 Park Tower Long Beach Los Angeles CA 90804 1982 2011 119,517 SF 97.2% 8/1/2016 $25,800,000 6/29/2016   3.960% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   19 Seminole Centre Seminole FL 32773 1985 2016 160,166 SF 88.7% 7/27/2016 $21,400,000 3/4/2016   5.100% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   20 170 Marcel Drive Frederick VA 22602 1997 2006 106,637 SF 100.0% 9/1/2016 $26,300,000 5/26/2015   4.980% 0.01555% 0.00250% 0.00250% 0.00000%
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard Los Angeles CA 90025 1985 N/A 106,875 SF 93.5% 8/1/2016 $54,300,000 8/19/2016   5.070% 0.02626% 0.00250% 0.00250% 0.00000%
Loan   22 Residence Inn Greensboro Airport Guilford NC 27409 2007 2015 116 Rooms 81.0% 6/30/2016 $21,700,000 4/20/2016   4.800% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   23 Carrington Place Kendall TX 78006 2003; 2005 2016 172 Units 93.6% 7/14/2016 $18,400,000 6/30/2016   4.150% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   24 Courtyard by Marriott Atlanta Airport West Fulton GA 30344 2008 2015 128 Rooms 76.3% 5/31/2016 $16,300,000 7/12/2016   4.330% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   25 Scottsdale Design District Maricopa AZ 85257 1976 2008 109,652 SF 100.0% 5/31/2016 $19,100,000 7/14/2016   4.210% 0.05555% 0.00250% 0.04250% 0.00000%
Loan   26 Sierra Crest Center Los Angeles CA 91351 1991 N/A 67,914 SF 90.4% 8/23/2016 $12,800,000 7/6/2016   4.434% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   27 Hilton Garden Inn - Newport News Newport News City VA 23602 2004 2014 122 Rooms 72.6% 5/31/2016 $12,500,000 10/28/2015   5.420% 0.07305% 0.00250% 0.06000% 0.00000%
Loan   28 Trexlertown Marketplace Lehigh PA 18106 2007 N/A 36,329 SF 100.0% 6/19/2016 $10,200,000 12/28/2015   4.897% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   29 The Village by the Creek Snohomish WA 98012 1985 N/A 26,632 SF 95.3% 8/10/2016 $10,450,000 8/6/2016   4.800% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   30 Palm Ridge Plaza Sumter FL 32162 2006 N/A 29,300 SF 94.5% 8/1/2016 $10,475,000 6/15/2016   3.950% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   31 Drake Crossing Shopping Center Larimer CO 80526 1983; 1987 N/A 56,214 SF 85.9% 7/12/2016 $10,900,000 8/2/2016   4.370% 0.07305% 0.00250% 0.06000% 0.00000%
Loan   32 116th Street Centre Hamilton IN 46032 2007 N/A 44,803 SF 95.1% 8/31/2016 $10,000,000 5/27/2016   4.780% 0.04555% 0.00250% 0.03250% 0.00000%
Loan   33 StorQuest - Glendale, AZ Maricopa AZ 85308 1998 N/A 77,490 SF 88.6% 7/1/2016 $10,720,000 6/15/2016   4.280% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   34 Canton Landings Wayne MI 48187 1986 2003 59,213 SF 97.0% 7/27/2016 $9,300,000 6/23/2016   4.500% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   35 Tarponwood Lake Apartments Pinellas FL 34689 1974 2015 150 Units 96.0% 7/20/2016 $8,430,000 1/22/2016   4.730% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   36 Galleria West Shopping Center Waukesha WI 53045 1987 N/A 63,911 SF 98.3% 8/10/2016 $9,270,000 6/15/2016   4.000% 0.01555% 0.00250% 0.00250% 0.00000%
Loan 7 37 Imperial Plaza Belmont OH 43906 1996 N/A 96,859 SF 100.0% 8/31/2016 $7,400,000 7/19/2016   4.697% 0.05555% 0.00250% 0.04250% 0.00000%
Loan 10 38 Atlantic Self Storage Portfolio           169,949 SF 89.3%   $7,690,000     4.257% 0.01555% 0.00250% 0.00250% 0.00000%
Property   38.01 Highway 21 Self Storage Beaufort SC 29902 1988 N/A 93,381 SF 95.4% 7/20/2016 $5,450,000 6/24/2016            
Property   38.02 Ulock & HCCS Self Storage Hampton SC 29924 1990 N/A 55,050 SF 79.1% 7/20/2016 $1,300,000 6/24/2016            
Property   38.03 Highway 280 Self Storage Beaufort SC 29902 1981 N/A 21,518 SF 93.0% 7/20/2016 $940,000 6/24/2016            
Loan   39 StorQuest - West LA, CA Los Angeles CA 90064 1976 N/A 19,094 SF 85.8% 7/31/2016 $7,830,000 6/13/2016   4.150% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   40 Maple Leaf Plaza Geauga OH 44024 1973 2010 148,940 SF 84.5% 8/25/2016 $6,750,000 3/31/2016   5.200% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   41 Tinley Pointe Centre Cook IL 60477 2006 N/A 18,214 SF 100.0% 7/1/2016 $6,340,000 5/6/2016   5.180% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   42 Price Chopper Richfield Springs Otsego NY 13439 2005 N/A 36,900 SF 100.0% 9/1/2016 $5,900,000 4/25/2016   5.230% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   43 West Plaza Shopping Center Audrain MO 65265 1963 2014 119,219 SF 95.2% 6/30/2016 $7,180,000 3/7/2016   5.280% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   44 Belleayre Apartments Tompkins NY 14850 1920 2011 45 Units 100.0% 8/22/2016 $5,100,000 6/29/2016   4.700% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   45 Dearborn Business Park Franklin OH 43085 1989 N/A 118,350 SF 99.9% 9/1/2016 $5,500,000 4/22/2016   4.543% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   46 Bank of America Shopping Center Palm Beach FL 33426 1987 N/A 10,024 SF 100.0% 8/17/2016 $5,400,000 7/7/2016   5.000% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   47 Tuller Ridge Business Park Franklin OH 43017 1990 N/A 72,595 SF 96.8% 6/1/2016 $4,950,000 4/22/2016   4.911% 0.01555% 0.00250% 0.00250% 0.00000%
Loan   48 Bayberry Crossing Shopping Center Jackson MO 64063 1986 2013-2015 54,547 SF 86.4% 7/1/2016 $5,600,000 7/11/2016   4.250% 0.09305% 0.00250% 0.08000% 0.00000%
Loan   49 8141 Hull Street Road Chesterfield VA 23235 1991 2011 27,700 SF 100.0% 9/1/2016 $3,700,000 8/25/2016   5.390% 0.01555% 0.00250% 0.00250% 0.00000%

 

A-1-3 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS  
                                         
        MORTGAGE LOAN CHARACTERISTICS
Property
Flag
Footnotes Loan ID Property Name Trustee
Fee Rate
Operating Advisor
Fee Rate
Asset Representations Reviewer Fee Rate CREFC
Fee Rate
Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original
Interest-Only
Period (mos.)
Remaining
Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
Loan 4 1 Vertex Pharmaceuticals HQ 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 1 Yes 120 119 120 119 0 0 7/15/2016 9/6/2016 N/A 8/6/2026
Loan 4, 5, 6, 7 2 Easton Town Center 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 1 No 120 119 120 119 0 0 7/28/2016 9/5/2016 N/A 8/5/2026
Loan 4 3 Briarwood Mall 0.00675% 0.00488% 0.00056% 0.00050% Actual/360 0 No 120 120 120 120 0 0 8/15/2016 10/1/2016 N/A 9/1/2026
Loan 4, 8 4 Coconut Point 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 0 No 120 120 24 24 360 360 9/7/2016 11/1/2016 11/1/2018 10/1/2026
Loan   5 Bellevue Park Corporate Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 60 59 360 360 8/4/2016 9/6/2016 9/6/2021 8/6/2026
Loan 4, 7 6 Flagler Corporate Center 0.00675% 0.00632% 0.00056% 0.00050% Actual/360 1 No 120 119 0 0 360 359 8/5/2016 9/6/2016 N/A 8/6/2026
Loan 7 7 Hilton Cocoa Beach 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 3 No 120 117 0 0 360 357 5/26/2016 7/6/2016 N/A 6/6/2026
Loan   8 Clemson Lofts Apartments 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 36 35 360 360 7/8/2016 9/1/2016 9/1/2019 8/1/2026
Loan 4, 9, 10, 11 9 Columbia Center 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 1 No 120 119 0 0 360 359 8/1/2016 9/6/2016 N/A 8/6/2026
Property   9.01 Columbia Center I                                  
Property   9.02 Columbia Center II                                  
Property   9.03 Columbia Center IV                                  
Loan 10 10 Hamister Hospitality Portfolio 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 0 0 360 360 8/23/2016 10/1/2016 N/A 9/1/2026
Property   10.01 Hampton Inn Hazleton                                  
Property   10.02 Residence Inn Hazleton                                  
Property   10.03 Fairfield Inn & Suites Hazleton                                  
Loan   11 Club Quarters - Washington, D.C. 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 0 0 360 359 7/19/2016 9/1/2016 N/A 8/1/2026
Loan 4, 9, 10 12 Simon Premium Outlets 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 3 No 120 117 0 0 360 357 6/1/2016 7/1/2016 N/A 6/1/2026
Property   12.01 Lee Premium Outlets                                  
Property   12.02 Gaffney Premium Outlets                                  
Property   12.03 Calhoun Premium Outlets                                  
Loan 4 13 The Shops at Crystals 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 2 No 120 118 120 118 0 0 6/9/2016 8/1/2016 N/A 7/1/2026
Loan 4, 7 14 International Square 0.00675% 0.00000% 0.00056% 0.00050% Actual/360 1 No 120 119 120 119 0 0 7/11/2016 9/10/2016 N/A 8/10/2026
Loan 12 15 Village at Main Street 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 8 No 120 112 24 16 360 360 12/17/2015 2/6/2016 2/6/2018 1/6/2026
Loan 9, 10 16 Space Park North & Old Stone Bridge 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 120 119 0 0 7/28/2016 9/1/2016 N/A 8/1/2026
Property   16.01 Space Park North                                  
Property   16.02 Old Stone Bridge 1&2                                  
Property   16.03 Old Stone Bridge 3 & 4                                  
Loan   17 Ryan Plaza 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 8 No 120 112 24 16 360 360 1/4/2016 2/6/2016 2/6/2018 1/6/2026
Loan   18 Park Tower Long Beach 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 120 120 0 0 8/2/2016 10/1/2016 N/A 9/1/2026
Loan   19 Seminole Centre 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 4 No 120 116 24 20 360 360 4/15/2016 6/1/2016 6/1/2018 5/1/2026
Loan   20 170 Marcel Drive 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 11 No 120 109 0 0 360 349 9/8/2015 11/1/2015 N/A 10/1/2025
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard 0.00675% 0.01345% 0.00056% 0.00050% Actual/360 8 No 120 112 48 40 360 360 12/29/2015 2/6/2016 2/6/2020 1/6/2026
Loan   22 Residence Inn Greensboro Airport 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 2 No 120 118 0 0 300 298 7/1/2016 8/1/2016 N/A 7/1/2026
Loan   23 Carrington Place 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 36 36 360 360 8/22/2016 10/1/2016 10/1/2019 9/1/2026
Loan   24 Courtyard by Marriott Atlanta Airport West 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 120 120 0 0 9/6/2016 11/1/2016 N/A 10/1/2026
Loan   25 Scottsdale Design District 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 84 84 84 84 0 0 9/1/2016 10/1/2016 N/A 9/1/2023
Loan   26 Sierra Crest Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 0 0 300 300 8/8/2016 10/1/2016 N/A 9/1/2026
Loan   27 Hilton Garden Inn - Newport News 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 8 No 120 112 0 0 276 268 12/11/2015 2/1/2016 N/A 1/1/2026
Loan   28 Trexlertown Marketplace 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 6 No 120 114 0 0 360 354 2/5/2016 4/1/2016 N/A 3/1/2026
Loan   29 The Village by the Creek 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 24 24 360 360 8/26/2016 10/6/2016 10/6/2018 9/6/2026
Loan   30 Palm Ridge Plaza 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 60 60 360 360 8/10/2016 10/1/2016 10/1/2021 9/1/2026
Loan   31 Drake Crossing Shopping Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 0 0 360 360 9/1/2016 10/1/2016 N/A 9/1/2026
Loan   32 116th Street Centre 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 12 12 360 360 8/31/2016 10/6/2016 10/6/2017 9/6/2026
Loan   33 StorQuest - Glendale, AZ 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 120 119 0 0 7/8/2016 9/1/2016 N/A 8/1/2026
Loan   34 Canton Landings 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 24 23 360 360 8/1/2016 9/1/2016 9/1/2018 8/1/2026
Loan   35 Tarponwood Lake Apartments 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 2 No 120 118 0 0 360 358 6/20/2016 8/1/2016 N/A 7/1/2026
Loan   36 Galleria West Shopping Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 36 36 360 360 8/30/2016 10/1/2016 10/1/2019 9/1/2026
Loan 7 37 Imperial Plaza 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 24 24 360 360 9/1/2016 10/6/2016 10/6/2018 9/6/2026
Loan 10 38 Atlantic Self Storage Portfolio 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 24 24 360 360 8/25/2016 10/1/2016 10/1/2018 9/1/2026
Property   38.01 Highway 21 Self Storage                                  
Property   38.02 Ulock & HCCS Self Storage                                  
Property   38.03 Highway 280 Self Storage                                  
Loan   39 StorQuest - West LA, CA 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 60 60 360 360 8/4/2016 10/1/2016 10/1/2021 9/1/2026
Loan   40 Maple Leaf Plaza 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 2 No 60 58 12 10 360 360 6/17/2016 8/1/2016 8/1/2017 7/1/2021
Loan   41 Tinley Pointe Centre 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 1 No 120 119 12 11 360 360 7/28/2016 9/1/2016 9/1/2017 8/1/2026
Loan   42 Price Chopper Richfield Springs 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 3 No 120 117 0 0 360 357 5/24/2016 7/1/2016 N/A 6/1/2026
Loan   43 West Plaza Shopping Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 4 No 120 116 0 0 360 356 4/11/2016 6/1/2016 N/A 5/1/2026
Loan   44 Belleayre Apartments 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 36 36 360 360 8/23/2016 10/1/2016 10/1/2019 9/1/2026
Loan   45 Dearborn Business Park 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 2 No 120 118 36 34 360 360 6/30/2016 8/1/2016 8/1/2019 7/1/2026
Loan   46 Bank of America Shopping Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 60 60 360 360 8/24/2016 10/1/2016 10/1/2021 9/1/2026
Loan   47 Tuller Ridge Business Park 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 2 No 84 82 24 22 360 360 6/30/2016 8/1/2016 8/1/2018 7/1/2023
Loan   48 Bayberry Crossing Shopping Center 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 0 No 120 120 0 0 360 360 8/11/2016 10/1/2016 N/A 9/1/2026
Loan   49 8141 Hull Street Road 0.00675% 0.00274% 0.00056% 0.00050% Actual/360 10 No 60 50 0 0 240 230 10/15/2015 12/5/2015 N/A 11/5/2020
                                           

 

A-1-4 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS  
                                         
        MORTGAGE LOAN CHARACTERISTICS
Property
Flag
Footnotes Loan ID Property Name ARD Loan
Final Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
Annual Debt
Service
(P&I)
Annual Debt
Service
(IO)
Lockbox Type Cash Management Status Crossed With
Other Loans
Related-Borrower Loans UW NOI
DSCR (P&I)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)
UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio
Maturity Date LTV Ratio Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Loan 4 1 Vertex Pharmaceuticals HQ 11/6/2028 $0.00 $183,225.50 $0 $2,198,706 Hard Springing No N/A N/A 6.31x N/A 6.28x 35.5% 35.5% 0 0
Loan 4, 5, 6, 7 2 Easton Town Center N/A $0.00 $229,132.55 $0 $2,749,591 Hard Springing No N/A N/A 4.21x N/A 4.02x 28.5% 28.5% 5 3
Loan 4 3 Briarwood Mall N/A $0.00 $194,700.46 $0 $2,336,406 Hard Springing No Group 1 N/A 3.51x N/A 3.34x 49.1% 49.1% 0 4
Loan 4, 8 4 Coconut Point N/A $284,825.80 $200,395.14 $3,417,910 $2,404,742 Hard Springing No Group 1 1.54x 2.18x 1.39x 1.98x 67.1% 56.6% 0 0
Loan   5 Bellevue Park Corporate Center N/A $268,224.97 $196,309.48 $3,218,700 $2,355,714 Soft Springing No N/A 1.76x 2.41x 1.62x 2.21x 64.7% 59.1% 0 0
Loan 4, 7 6 Flagler Corporate Center N/A $218,231.97 $0.00 $2,618,784 $0 Hard Springing No N/A 1.70x N/A 1.55x N/A 63.6% 51.9% 0 0
Loan 7 7 Hilton Cocoa Beach N/A $207,372.92 $0.00 $2,488,475 $0 Soft Springing No N/A 2.45x N/A 2.18x N/A 66.5% 55.2% 0 0
Loan   8 Clemson Lofts Apartments N/A $144,959.51 $103,923.61 $1,739,514 $1,247,083 Springing Springing No N/A 1.49x 2.08x 1.45x 2.02x 69.8% 60.6% 0 0
Loan 4, 9, 10, 11 9 Columbia Center N/A $141,871.89 $0.00 $1,702,463 $0 Hard Springing No N/A 1.67x N/A 1.53x N/A 68.5% 55.6% 0 0
Property   9.01 Columbia Center I                                  
Property   9.02 Columbia Center II                                  
Property   9.03 Columbia Center IV                                  
Loan 10 10 Hamister Hospitality Portfolio N/A $142,105.02 $0.00 $1,705,260 $0 Hard Springing No N/A 1.87x N/A 1.68x N/A 70.0% 56.9% 5 5
Property   10.01 Hampton Inn Hazleton                                  
Property   10.02 Residence Inn Hazleton                                  
Property   10.03 Fairfield Inn & Suites Hazleton                                  
Loan   11 Club Quarters - Washington, D.C. N/A $130,262.99 $0.00 $1,563,156 $0 Springing Springing No N/A 2.47x N/A 2.24x N/A 49.2% 39.5% 0 4
Loan 4, 9, 10 12 Simon Premium Outlets N/A $121,787.82 $0.00 $1,461,454 $0 Hard Springing No Group 1 2.78x N/A 2.55x N/A 46.8% 37.6% 0 4
Property   12.01 Lee Premium Outlets                                  
Property   12.02 Gaffney Premium Outlets                                  
Property   12.03 Calhoun Premium Outlets                                  
Loan 4 13 The Shops at Crystals N/A $0.00 $63,266.67 $0 $759,200 Hard Springing No Group 1 N/A 3.41x N/A 3.28x 34.8% 34.8% 0 0
Loan 4, 7 14 International Square N/A $0.00 $61,086.81 $0 $733,042 Hard Springing No N/A N/A 4.74x N/A 4.31x 32.6% 32.6% 0 0
Loan 12 15 Village at Main Street N/A $106,896.55 $84,482.29 $1,282,759 $1,013,788 Hard Springing No N/A 1.29x 1.63x 1.20x 1.52x 75.0% 65.1% 0 0
Loan 9, 10 16 Space Park North & Old Stone Bridge N/A $0.00 $68,707.87 $0 $824,494 Springing Springing No N/A N/A 2.68x N/A 2.16x 62.5% 62.5% 0 5
Property   16.01 Space Park North                                  
Property   16.02 Old Stone Bridge 1&2                                  
Property   16.03 Old Stone Bridge 3 & 4                                  
Loan   17 Ryan Plaza N/A $94,286.33 $74,402.55 $1,131,436 $892,831 Springing Springing No N/A 1.32x 1.67x 1.28x 1.62x 72.9% 63.3% 0 0
Loan   18 Park Tower Long Beach N/A $0.00 $56,033.51 $0 $672,402 Springing Springing No N/A N/A 2.87x N/A 2.59x 64.9% 64.9% 5 4
Loan   19 Seminole Centre N/A $81,442.47 $64,635.42 $977,310 $775,625 Springing Springing No Group 2 1.63x 2.05x 1.50x 1.89x 70.1% 60.9% 7 7
Loan   20 170 Marcel Drive N/A $80,340.00 $0.00 $964,080 $0 Hard Springing No N/A 1.57x N/A 1.42x N/A 56.3% 47.0% 7 7
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard N/A $75,755.10 $59,971.53 $909,061 $719,658 Springing Springing No N/A 1.24x 1.56x 1.18x 1.49x 67.2% 61.0% 0 0
Loan   22 Residence Inn Greensboro Airport N/A $80,219.57 $0.00 $962,635 $0 Springing Springing No N/A 1.88x N/A 1.72x N/A 64.3% 48.1% 7 7
Loan   23 Carrington Place N/A $67,082.26 $48,387.85 $804,987 $580,654 Springing Springing No N/A 1.47x 2.04x 1.42x 1.97x 75.0% 65.2% 7 7
Loan   24 Courtyard by Marriott Atlanta Airport West N/A $0.00 $37,499.10 $0 $449,989 Hard Springing No N/A N/A 3.22x N/A 2.84x 62.9% 62.9% 0 5
Loan   25 Scottsdale Design District N/A $0.00 $35,570.60 $0 $426,847 Soft Springing No N/A N/A 3.24x N/A 2.95x 52.4% 52.4% 5 5
Loan   26 Sierra Crest Center N/A $45,823.71 $0.00 $549,885 $0 Springing Springing No N/A 1.70x N/A 1.55x N/A 64.8% 47.6% 5 4
Loan   27 Hilton Garden Inn - Newport News N/A $52,673.50 $0.00 $632,082 $0 Springing Springing No N/A 1.71x N/A 1.38x N/A 65.5% 47.9% 7 7
Loan   28 Trexlertown Marketplace N/A $41,117.19 $0.00 $493,406 $0 Springing Springing No Group 2 1.39x N/A 1.35x N/A 75.5% 62.4% 5 4
Loan   29 The Village by the Creek N/A $39,349.90 $30,416.67 $472,199 $365,000 Springing Springing No N/A 1.42x 1.84x 1.35x 1.75x 71.8% 61.9% 0 0
Loan   30 Palm Ridge Plaza N/A $33,929.41 $23,862.30 $407,153 $286,348 Springing Springing No N/A 1.76x 2.50x 1.65x 2.35x 68.3% 62.0% 5 5
Loan   31 Drake Crossing Shopping Center N/A $34,929.33 $0.00 $419,152 $0 Hard Springing No N/A 1.46x N/A 1.35x N/A 64.2% 51.8% 7 7
Loan   32 116th Street Centre N/A $36,515.06 $28,172.66 $438,181 $338,072 Hard Springing No N/A 1.63x 2.11x 1.51x 1.96x 69.8% 58.6% 0 0
Loan   33 StorQuest - Glendale, AZ N/A $0.00 $24,590.19 $0 $295,082 Springing Springing No Group 3 N/A 2.14x N/A 2.10x 63.4% 63.4% 5 4
Loan   34 Canton Landings N/A $33,947.92 $25,473.96 $407,375 $305,688 Springing Springing No N/A 1.92x 2.56x 1.80x 2.40x 72.0% 61.7% 7 7
Loan   35 Tarponwood Lake Apartments N/A $32,787.88 $0.00 $393,455 $0 Springing Springing No N/A 1.63x N/A 1.53x N/A 74.6% 61.0% 7 7
Loan   36 Galleria West Shopping Center N/A $29,838.46 $21,122.69 $358,062 $253,472 Springing Springing No N/A 1.88x 2.65x 1.74x 2.45x 67.4% 58.4% 0 5
Loan 7 37 Imperial Plaza N/A $28,307.78 $21,668.17 $339,693 $260,018 Soft Springing No N/A 1.63x 2.12x 1.45x 1.89x 73.8% 63.5% 0 0
Loan 10 38 Atlantic Self Storage Portfolio N/A $25,417.56 $18,568.33 $305,011 $222,820 Springing Springing No N/A 2.08x 2.85x 2.00x 2.74x 67.1% 57.1% 5 4
Property   38.01 Highway 21 Self Storage                                  
Property   38.02 Ulock & HCCS Self Storage                                  
Property   38.03 Highway 280 Self Storage                                  
Loan   39 StorQuest - West LA, CA N/A $23,819.06 $17,181.19 $285,829 $206,174 Springing Springing No Group 3 1.62x 2.24x 1.60x 2.22x 62.6% 57.0% 5 4
Loan   40 Maple Leaf Plaza N/A $25,533.66 $20,429.86 $306,404 $245,158 Hard Springing No N/A 1.74x 2.17x 1.66x 2.08x 68.9% 65.0% 7 7
Loan   41 Tinley Pointe Centre N/A $25,202.30 $20,132.45 $302,428 $241,589 Springing Springing No N/A 1.37x 1.72x 1.30x 1.63x 72.6% 61.7% 7 7
Loan   42 Price Chopper Richfield Springs N/A $23,691.52 $0.00 $284,298 $0 Springing Springing No N/A 1.41x N/A 1.36x N/A 72.6% 60.5% 7 7
Loan   43 West Plaza Shopping Center N/A $21,885.50 $0.00 $262,626 $0 Springing Springing No N/A 2.44x N/A 2.24x N/A 54.8% 45.7% 7 7
Loan   44 Belleayre Apartments N/A $18,800.62 $14,395.11 $225,607 $172,741 Springing Springing No N/A 1.42x 1.86x 1.37x 1.79x 71.1% 62.6% 7 7
Loan   45 Dearborn Business Park N/A $17,976.29 $13,549.60 $215,715 $162,595 Springing Springing No Group 4 2.31x 3.06x 1.85x 2.46x 64.2% 56.4% 5 4
Loan   46 Bank of America Shopping Center N/A $17,715.11 $13,940.97 $212,581 $167,292 Springing Springing No N/A 1.51x 1.92x 1.43x 1.82x 61.1% 56.4% 5 5
Loan   47 Tuller Ridge Business Park N/A $17,456.34 $13,630.58 $209,476 $163,567 Springing Springing No Group 4 2.08x 2.67x 1.76x 2.26x 66.4% 61.2% 5 4
Loan   48 Bayberry Crossing Shopping Center N/A $13,774.32 $0.00 $165,292 $0 N/A N/A No N/A 2.81x N/A 2.44x N/A 50.0% 40.2% 5 5
Loan   49 8141 Hull Street Road N/A $14,315.48 $0.00 $171,786 $0 N/A N/A No N/A 1.69x N/A 1.25x N/A 55.5% 48.1% 5 0
                                           

 

A-1-5 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                       
        MORTGAGE LOAN CHARACTERISTICS   MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS
Property
Flag
Footnotes Loan ID Property Name Due Date Prepayment Provisions
(No. of Payments)
YM
Formula
  Third Most
Recent Revenues
Third Most
Recent Expenses
Third Most
Recent NOI
Third
Most Recent
NOI Date
Third Most
Recent NOI
Debt Yield
Second Most
 Recent Revenues
Second Most
 Recent Expenses
Second Most
 Recent NOI
Second
Most Recent
NOI Date
Second Most
Recent NOI
Debt Yield
Most
 Recent Revenues
Most
 Recent Expenses
Loan 4 1 Vertex Pharmaceuticals HQ Sixth LO(24);YM0.5(1);DEF/YM0.5(88);O(7) A   N/A N/A N/A N/A N/A $54,061,350 $10,133,318 $43,928,033 12/31/2014 10.3% $88,180,123 $17,255,195
Loan 4, 5, 6, 7 2 Easton Town Center Fifth YM1(25);DEF/YM1(88);O(7) B   $74,937,618 $27,593,401 $47,344,217 12/31/2014 14.0% $76,321,753 $28,187,578 $48,134,175 12/31/2015 14.3% $77,042,098 $27,974,389
Loan 4 3 Briarwood Mall First LO(24);DEF(89);O(7)     $26,455,795 $7,392,111 $19,063,684 12/31/2014 11.6% $26,901,911 $7,447,365 $19,454,546 12/31/2015 11.8% $27,001,031 $7,278,731
Loan 4, 8 4 Coconut Point First LO(23);DEF(90);O(7)     $25,948,689 $8,965,282 $16,983,407 12/31/2014 8.9% $26,709,042 $9,069,268 $17,639,774 12/31/2015 9.3% $26,885,810 $8,988,453
Loan   5 Bellevue Park Corporate Center Sixth LO(25);DEF(91);O(4)     $8,434,816 $3,501,597 $4,933,219 2/28/2015 TTM 9.1% $8,821,014 $3,537,558 $5,283,456 12/31/2015 9.7% $9,039,026 $3,458,303
Loan 4, 7 6 Flagler Corporate Center Sixth LO(25);DEF(90);O(5)     N/A N/A N/A N/A N/A $9,263,127 $3,334,310 $5,928,817 12/31/2015 7.7% $9,496,728 $4,153,598
Loan 7 7 Hilton Cocoa Beach Sixth LO(27);DEF/YM1(88);O(5) C   $11,989,972 $8,846,995 $3,142,977 12/31/2014 8.3% $16,001,597 $10,794,967 $5,206,630 12/31/2015 13.7% $17,346,466 $11,357,246
Loan   8 Clemson Lofts Apartments First LO(25);DEF(91);O(4)     N/A N/A N/A N/A N/A $2,793,009 $1,039,781 $1,753,228 12/31/2015 5.8% $3,856,085 $1,080,118
Loan 4, 9, 10, 11 9 Columbia Center Sixth LO(25);DEF(91);O(4)     $12,867,210 $5,404,564 $7,462,646 12/31/2014 11.4% $12,792,143 $5,523,851 $7,268,292 12/31/2015 11.1% $12,439,230 $5,533,130
Property   9.01 Columbia Center I         $7,167,963 $2,797,288 $4,370,675 12/31/2014   $7,328,167 $2,938,898 $4,389,269 12/31/2015   $7,228,877 $2,952,605
Property   9.02 Columbia Center II         $5,699,247 $2,607,276 $3,091,971 12/31/2014   $5,463,976 $2,584,953 $2,879,023 12/31/2015   $5,210,353 $2,580,525
Property   9.03 Columbia Center IV         N/A N/A N/A 12/31/2014   N/A N/A N/A 12/31/2015   N/A N/A
Loan 10 10 Hamister Hospitality Portfolio First LO(24);DEF(92);O(4)     $8,414,717 $5,313,220 $3,101,497 12/31/2014 11.2% $8,223,932 $5,047,390 $3,176,542 12/31/2015 11.5% $8,071,445 $5,109,103
Property   10.01 Hampton Inn Hazleton         $3,197,439 $1,965,725 $1,231,714 12/31/2014   $3,086,266 $1,882,316 $1,203,950 12/31/2015   $3,010,950 $1,912,556
Property   10.02 Residence Inn Hazleton         $2,753,025 $1,702,291 $1,050,734 12/31/2014   $2,758,599 $1,588,330 $1,170,269 12/31/2015   $2,684,289 $1,612,588
Property   10.03 Fairfield Inn & Suites Hazleton         $2,464,253 $1,645,204 $819,049 12/31/2014   $2,379,067 $1,576,744 $802,323 12/31/2015   $2,376,206 $1,583,959
Loan   11 Club Quarters - Washington, D.C. First LO(25);YM1(91);O(4) D   $8,848,684 $4,670,100 $4,178,584 12/31/2014 15.7% $9,321,209 $5,187,595 $4,133,614 12/31/2015 15.5% $9,241,471 $5,208,705
Loan 4, 9, 10 12 Simon Premium Outlets First LO(27);DEF(86);O(7)     $24,527,648 $7,147,919 $17,379,729 12/31/2014 16.6% $24,839,795 $6,976,569 $17,863,226 12/31/2015 17.1% $25,631,924 $6,890,848
Property   12.01 Lee Premium Outlets         $10,703,151 $3,085,805 $7,617,346 12/31/2014   $10,978,548 $3,038,663 $7,939,885 12/31/2015   $11,072,044 $2,927,114
Property   12.02 Gaffney Premium Outlets         $8,853,837 $2,770,460 $6,083,377 12/31/2014   $8,783,797 $2,651,399 $6,132,398 12/31/2015   $9,178,107 $2,687,243
Property   12.03 Calhoun Premium Outlets         $4,970,660 $1,291,654 $3,679,006 12/31/2014   $5,077,450 $1,286,507 $3,790,943 12/31/2015   $5,381,773 $1,276,491
Loan 4 13 The Shops at Crystals First LO(26);DEF(87);O(7)     $58,100,295 $18,045,943 $40,054,352 12/31/2013 10.5% $62,646,345 $19,004,031 $43,642,314 12/31/2014 11.4% $65,203,201 $18,826,390
Loan 4, 7 14 International Square Tenth LO(25);DEF(88);O(7)     $63,052,635 $23,027,148 $40,025,487 12/31/2014 16.2% $61,978,680 $24,763,705 $37,214,975 12/31/2015 15.1% $60,284,478 $24,782,104
Loan 12 15 Village at Main Street Sixth LO(32);DEF(81);O(7)     $1,997,592 $600,525 $1,397,068 12/31/2014 7.1% $2,051,496 $689,980 $1,361,516 12/31/2015 6.9% $2,250,047 $636,058
Loan 9, 10 16 Space Park North & Old Stone Bridge First LO(25);DEF(91);O(4)     $3,411,175 $1,037,163 $2,374,012 12/31/2014 12.5% $3,154,171 $1,145,881 $2,008,290 12/31/2015 10.6% $3,570,254 $1,177,462
Property   16.01 Space Park North         $2,411,042 $736,415 $1,674,627 12/31/2014   $2,434,825 $796,567 $1,638,258 12/31/2015   $2,574,410 $801,595
Property   16.02 Old Stone Bridge 1&2         $737,822 $232,891 $504,931 12/31/2014   $449,262 $275,299 $173,963 12/31/2015   $701,042 $298,660
Property   16.03 Old Stone Bridge 3 & 4         $262,311 $67,857 $194,455 12/31/2014   $270,084 $74,015 $196,069 12/31/2015   $294,802 $77,207
Loan   17 Ryan Plaza Sixth LO(32);DEF(84);O(4)     $1,756,544 $426,083 $1,330,460 12/31/2014 7.6% $1,775,185 $483,716 $1,291,469 12/31/2015 7.4% $1,962,775 $519,081
Loan   18 Park Tower Long Beach First LO(24);YM1(92);O(4) E   $2,587,877 $1,200,571 $1,387,306 12/31/2014 8.3% $2,563,023 $1,186,124 $1,376,899 12/31/2015 8.2% $2,781,775 $1,149,237
Loan   19 Seminole Centre First LO(24);YM1(92);O(4) F   $1,775,987 $459,592 $1,316,395 12/31/2014 8.8% $1,983,631 $496,943 $1,486,688 12/31/2015 9.9% $1,960,042 $636,968
Loan   20 170 Marcel Drive First LO(35);DEF(82);O(3)     $2,787,605 $814,672 $1,972,933 12/31/2014 13.3% $2,794,357 $831,731 $1,962,626 12/31/2015 13.3% $2,793,004 $840,065
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard Sixth LO(24);YM1(89);O(7) G   $2,987,919 $1,572,490 $1,415,429 12/31/2014 3.9% $3,243,762 $1,677,874 $1,565,888 10/31/2015 T-10 Ann. 4.3% $3,795,415 $985,318
Loan   22 Residence Inn Greensboro Airport First LO(26);DEF(90);O(4)     $3,894,966 $1,796,814 $2,098,152 12/31/2014 15.0% $3,844,351 $1,879,837 $1,964,514 12/31/2015 14.1% $3,856,297 $1,848,724
Loan   23 Carrington Place First LO(24);DEF(92);O(4)     $1,703,655 $659,659 $1,043,996 12/31/2014 7.6% $1,768,849 $745,760 $1,023,089 12/31/2015 7.4% $1,666,870 $798,042
Loan   24 Courtyard by Marriott Atlanta Airport West First LO(23);DEF(93);O(4)     $3,644,646 $2,420,144 $1,224,502 12/31/2014 11.9% $4,319,645 $2,757,961 $1,561,684 12/31/2015 15.2% $4,315,109 $2,800,817
Loan   25 Scottsdale Design District First LO(24);DEF(35);O(25)     $1,316,732 $407,486 $909,246 12/31/2014 9.1% $1,485,886 $446,135 $1,039,751 12/31/2015 10.4% $1,651,355 $361,005
Loan   26 Sierra Crest Center First LO(24);DEF(92);O(4)     $1,353,331 $555,717 $797,614 12/31/2014 9.6% $1,163,018 $538,288 $624,730 12/31/2015 7.5% $1,122,718 $554,406
Loan   27 Hilton Garden Inn - Newport News First LO(32);DEF(85);O(3)     $3,142,449 $2,130,286 $1,012,163 12/31/2014 12.4% $3,202,885 $2,255,797 $947,088 12/31/2015 11.6% $3,364,452 $2,377,306
Loan   28 Trexlertown Marketplace First LO(30);YM1(86);O(4) H   $1,203,531 $526,867 $676,664 12/31/2014 8.8% $1,233,076 $555,387 $677,689 12/31/2015 8.8% $1,348,670 $543,540
Loan   29 The Village by the Creek Sixth LO(24);YM1(92);O(4) I   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   30 Palm Ridge Plaza First LO(24);DEF(92);O(4)     $820,635 $163,714 $656,921 12/31/2013 9.2% $851,696 $155,289 $696,407 12/31/2014 9.7% $853,403 $138,341
Loan   31 Drake Crossing Shopping Center First LO(24);YM1(93);O(3) J   $847,010 $300,976 $546,034 12/31/2013 7.8% $872,200 $318,350 $553,850 12/31/2014 7.9% $940,570 $299,586
Loan   32 116th Street Centre Sixth LO(24);DEF(92);O(4)     $652,739 $263,036 $389,703 12/31/2014 5.6% $905,173 $264,101 $641,072 12/31/2015 9.2% $834,089 $255,726
Loan   33 StorQuest - Glendale, AZ First LO(25);DEF(90);O(5)     $907,737 $354,983 $552,754 12/31/2014 8.1% $904,759 $315,304 $589,455 12/31/2015 8.7% $916,906 $329,128
Loan   34 Canton Landings First LO(25);DEF(92);O(3)     $1,047,422 $271,940 $775,482 12/31/2014 11.6% $1,022,083 $246,231 $775,852 12/31/2015 11.6% $1,044,556 $241,019
Loan   35 Tarponwood Lake Apartments First LO(26);DEF(91);O(3)     $1,061,909 $502,624 $559,285 12/31/2014 8.9% $1,130,191 $507,693 $622,498 12/31/2015 9.9% $1,171,799 $515,949
Loan   36 Galleria West Shopping Center First LO(24);DEF(92);O(4)     $1,045,176 $405,268 $639,908 12/31/2014 10.2% $1,076,410 $387,917 $688,494 12/31/2015 11.0% $1,000,656 $401,740
Loan 7 37 Imperial Plaza Sixth LO(24);DEF(91);O(5)     $814,869 $333,108 $481,762 12/31/2014 8.8% $683,559 $195,897 $487,661 12/31/2015 8.9% $746,845 $173,471
Loan 10 38 Atlantic Self Storage Portfolio First LO(24);DEF(88);O(8)     $872,594 $261,266 $611,328 12/31/2014 11.8% $899,317 $320,433 $578,884 12/31/2015 11.2% $993,499 $452,076
Property   38.01 Highway 21 Self Storage         $518,319 $138,304 $380,015 12/31/2014   $514,080 $153,756 $360,324 12/31/2015   $591,804 $245,599
Property   38.02 Ulock & HCCS Self Storage         $228,259 $77,029 $151,230 12/31/2014   $249,812 $95,579 $154,233 12/31/2015   $254,343 $128,314
Property   38.03 Highway 280 Self Storage         $126,016 $45,933 $80,083 12/31/2014   $135,425 $71,098 $64,327 12/31/2015   $147,352 $78,163
Loan   39 StorQuest - West LA, CA First LO(24);DEF(91);O(5)     $678,339 $269,612 $408,727 12/31/2014 8.3% $708,391 $278,918 $429,473 12/31/2015 8.8% $725,859 $268,753
Loan   40 Maple Leaf Plaza First LO(26);DEF(32);O(2)     $837,594 $232,104 $605,490 12/31/2013 13.0% $798,168 $260,090 $538,078 12/31/2014 11.6% $858,112 $250,161
Loan   41 Tinley Pointe Centre First LO(25);DEF(92);O(3)     $659,182 $244,620 $414,562 12/31/2014 9.0% $691,060 $253,148 $437,912 12/31/2015 9.5% $709,924 $258,440
Loan   42 Price Chopper Richfield Springs First LO(27);DEF(89);O(4)     $608,164 $201,633 $406,531 12/31/2013 9.5% $599,008 $189,281 $409,727 12/31/2014 9.6% $616,478 $184,241
Loan   43 West Plaza Shopping Center First LO(28);DEF(88);O(4)     $897,272 $172,524 $724,748 12/31/2013 18.4% $840,261 $212,265 $627,996 12/31/2014 16.0% $881,992 $187,614
Loan   44 Belleayre Apartments First LO(24);DEF(93);O(3)     $579,355 $333,986 $245,369 12/31/2014 6.8% $594,723 $314,032 $280,691 12/31/2015 7.7% $608,851 $280,667
Loan   45 Dearborn Business Park First LO(26);DEF(90);O(4)     $858,408 $285,760 $572,648 12/31/2014 16.2% $821,402 $276,528 $544,874 12/31/2015 15.4% $838,014 $243,195
Loan   46 Bank of America Shopping Center First LO(24);DEF(92);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $358,519 $84,065
Loan   47 Tuller Ridge Business Park First LO(26);DEF(54);O(4)     $707,643 $260,164 $447,479 12/31/2014 13.6% $740,287 $232,885 $507,402 12/31/2015 15.4% $727,475 $213,773
Loan   48 Bayberry Crossing Shopping Center First LO(24);DEF(92);O(4)     $586,785 $262,204 $324,581 12/31/2013 11.6% $654,307 $264,094 $390,213 12/31/2014 13.9% $702,627 $268,240
Loan   49 8141 Hull Street Road Fifth YM2(57);O(3) K   $307,206 $10,982 $296,224 12/31/2014 14.4% $315,439 $22,103 $293,336 12/31/2015 14.3% $319,616 $14,550

 

A-1-6 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                               
        MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS
Property
Flag
Footnotes Loan ID Property Name Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
Underwritten
Occupancy Rate
Underwritten
Effective Gross Income
Underwritten Total
Expenses
Underwritten NOI Underwritten NOI Debt Yield Underwritten
Replacement
Reserves
Underwritten
TI/LC
Underwritten NCF Underwritten NCF Debt Yield
Loan 4 1 Vertex Pharmaceuticals HQ $70,924,928 12/31/2015 16.7% 96.9% $93,423,532 $17,361,124 $76,062,408 17.9% $283,431 $0 $75,778,977 17.8%
Loan 4, 5, 6, 7 2 Easton Town Center $49,067,709 4/30/2016 TTM 14.5% 95.2% $78,773,625 $26,733,883 $52,039,741 15.4% $325,768 $1,954,610 $49,759,363 14.7%
Loan 4 3 Briarwood Mall $19,722,300 6/30/2016 TTM 12.0% 94.8% $26,770,446 $7,456,960 $19,313,485 11.7% $65,102 $854,031 $18,394,351 11.1%
Loan 4, 8 4 Coconut Point $17,897,357 6/30/2016 TTM 9.4% 88.4% $25,908,550 $9,273,941 $16,634,609 8.8% $292,786 $1,254,797 $15,087,026 7.9%
Loan   5 Bellevue Park Corporate Center $5,580,723 5/31/2016 TTM 10.3% 92.9% $9,096,616 $3,422,272 $5,674,344 10.4% $76,276 $391,707 $5,206,362 9.6%
Loan 4, 7 6 Flagler Corporate Center $5,343,131 5/31/2016 TTM 6.9% 77.5% $12,130,786 $3,947,359 $8,183,427 10.6% $95,223 $634,818 $7,453,386 9.7%
Loan 7 7 Hilton Cocoa Beach $5,989,220 6/30/2016 TTM 15.8% 81.6% $17,272,219 $11,164,546 $6,107,673 16.1% $690,889 $0 $5,416,784 14.3%
Loan   8 Clemson Lofts Apartments $2,775,967 5/31/2016 TTM 9.3% 95.0% $4,359,862 $1,771,046 $2,588,816 8.6% $69,600 $0 $2,519,216 8.4%
Loan 4, 9, 10, 11 9 Columbia Center $6,906,100 5/31/2016 TTM 10.6% 81.7% $12,440,665 $5,789,451 $6,651,214 10.2% $123,660 $441,375 $6,086,179 9.3%
Property   9.01 Columbia Center I $4,276,272 5/31/2016 TTM   90.2% $6,915,033 $2,891,179 $4,023,854   $58,645 $231,395 $3,733,814  
Property   9.02 Columbia Center II $2,629,828 5/31/2016 TTM   71.1% $4,934,496 $2,571,768 $2,362,728   $57,873 $180,169 $2,124,686  
Property   9.03 Columbia Center IV N/A N/A   100.0% $591,137 $326,504 $264,633   $7,143 $29,811 $227,679  
Loan 10 10 Hamister Hospitality Portfolio $2,962,342 7/31/2016 TTM 10.7% 68.3% $8,071,445 $4,879,214 $3,192,231 11.5% $322,858 $0 $2,869,373 10.4%
Property   10.01 Hampton Inn Hazleton $1,098,394 7/31/2016 TTM   68.0% $3,010,950 $1,836,159 $1,174,792   $120,438 $0 $1,054,354  
Property   10.02 Residence Inn Hazleton $1,071,701 7/31/2016 TTM   65.5% $2,684,289 $1,528,093 $1,156,196   $107,372 $0 $1,048,824  
Property   10.03 Fairfield Inn & Suites Hazleton $792,247 7/31/2016 TTM   71.0% $2,376,206 $1,514,963 $861,243   $95,048 $0 $766,195  
Loan   11 Club Quarters - Washington, D.C. $4,032,766 6/30/2016 TTM 15.2% 91.5% $9,216,773 $5,349,530 $3,867,243 14.5% $368,671 $0 $3,498,572 13.2%
Loan 4, 9, 10 12 Simon Premium Outlets $18,741,076 7/31/2016 TTM 17.9% 89.5% $24,497,300 $7,416,196 $17,081,104 16.3% $211,429 $1,194,140 $15,675,535 15.0%
Property   12.01 Lee Premium Outlets $8,144,930 7/31/2016 TTM   91.1% $10,562,640 $3,232,812 $7,329,828   $71,944 $474,057 $6,783,827  
Property   12.02 Gaffney Premium Outlets $6,490,864 7/31/2016 TTM   87.3% $8,585,481 $2,831,998 $5,753,483   $75,969 $429,486 $5,248,028  
Property   12.03 Calhoun Premium Outlets $4,105,282 7/31/2016 TTM   90.2% $5,349,179 $1,351,386 $3,997,793   $63,516 $290,597 $3,643,680  
Loan 4 13 The Shops at Crystals $46,376,811 12/31/2015 12.1% 91.9% $64,805,737 $15,337,868 $49,467,869 12.9% $41,972 $1,815,657 $47,610,240 12.4%
Loan 4, 7 14 International Square $35,502,374 3/31/2016 TTM 14.4% 95.0% $66,829,397 $23,946,047 $42,883,351 17.4% $289,784 $3,626,417 $38,967,149 15.8%
Loan 12 15 Village at Main Street $1,613,989 6/30/2016 TTM 8.2% 94.0% $2,307,143 $655,072 $1,652,072 8.3% $16,580 $90,860 $1,544,632 7.8%
Loan 9, 10 16 Space Park North & Old Stone Bridge $2,392,792 5/31/2016 TTM 12.6% 82.1% $3,442,016 $1,232,872 $2,209,144 11.6% $95,769 $331,257 $1,782,118 9.4%
Property   16.01 Space Park North $1,772,815 5/31/2016 TTM   76.4% $2,322,654 $833,859 $1,488,795   $70,732 $233,416 $1,184,647  
Property   16.02 Old Stone Bridge 1&2 $402,382 5/31/2016 TTM   100.0% $823,645 $316,028 $507,617   $20,537 $78,041 $409,040  
Property   16.03 Old Stone Bridge 3 & 4 $217,595 5/31/2016 TTM   92.4% $295,717 $82,985 $212,731   $4,500 $19,800 $188,431  
Loan   17 Ryan Plaza $1,443,694 5/31/2016 TTM 8.2% 95.0% $1,975,199 $484,471 $1,490,729 8.5% $6,920 $34,601 $1,449,207 8.3%
Loan   18 Park Tower Long Beach $1,632,538 6/30/2016 TTM 9.7% 90.0% $3,191,991 $1,260,749 $1,931,242 11.5% $23,903 $162,964 $1,744,375 10.4%
Loan   19 Seminole Centre $1,323,074 7/1/2016 TTM 8.8% 86.7% $2,149,180 $556,775 $1,592,405 10.6% $24,025 $102,880 $1,465,500 9.8%
Loan   20 170 Marcel Drive $1,952,939 6/30/2016 TTM 13.2% 95.0% $2,352,100 $837,301 $1,514,799 10.2% $17,062 $133,296 $1,364,441 9.2%
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard $2,810,096 6/30/2016 T-6 Ann. 7.7% 93.5% $4,532,565 $1,605,226 $2,927,340 8.0% $27,788 $112,936 $2,786,616 7.6%
Loan   22 Residence Inn Greensboro Airport $2,007,573 3/1/2016 TTM 14.4% 79.2% $3,844,386 $2,036,436 $1,807,950 13.0% $153,775 $0 $1,654,175 11.9%
Loan   23 Carrington Place $868,828 4/30/2016 TTM 6.3% 94.1% $1,886,589 $700,717 $1,185,872 8.6% $44,619 $0 $1,141,254 8.3%
Loan   24 Courtyard by Marriott Atlanta Airport West $1,514,292 5/31/2016 TTM 14.8% 76.3% $4,315,109 $2,864,497 $1,450,612 14.2% $172,604 $0 $1,278,008 12.5%
Loan   25 Scottsdale Design District $1,290,350 6/30/2016 TTM 12.9% 92.5% $1,780,428 $397,809 $1,382,619 13.8% $21,930 $103,073 $1,257,615 12.6%
Loan   26 Sierra Crest Center $568,312 5/31/2016 TTM 6.8% 90.0% $1,522,109 $587,236 $934,873 11.3% $16,979 $63,856 $854,038 10.3%
Loan   27 Hilton Garden Inn - Newport News $987,146 5/31/2016 TTM 12.1% 72.7% $3,233,953 $2,155,189 $1,078,763 13.2% $204,386 $0 $874,377 10.7%
Loan   28 Trexlertown Marketplace $805,130 6/30/2016 T-6 Ann. 10.5% 96.2% $1,251,175 $566,246 $684,929 8.9% $4,806 $13,419 $666,704 8.7%
Loan   29 The Village by the Creek N/A N/A N/A 95.9% $879,934 $209,372 $670,562 8.9% $5,326 $26,632 $638,603 8.5%
Loan   30 Palm Ridge Plaza $715,062 12/31/2015 10.0% 94.1% $857,546 $142,527 $715,019 10.0% $4,407 $37,900 $672,712 9.4%
Loan   31 Drake Crossing Shopping Center $640,984 12/31/2015 9.2% 90.0% $974,215 $360,280 $613,935 8.8% $14,054 $34,122 $565,759 8.1%
Loan   32 116th Street Centre $578,363 4/30/2016 TTM 8.3% 94.2% $966,937 $253,497 $713,440 10.2% $6,720 $45,063 $661,656 9.5%
Loan   33 StorQuest - Glendale, AZ $587,778 4/30/2016 TTM 8.6% 87.5% $930,054 $297,330 $632,724 9.3% $11,609 $0 $621,115 9.1%
Loan   34 Canton Landings $803,537 5/31/2016 TTM 12.0% 94.4% $1,046,107 $262,281 $783,826 11.7% $11,843 $37,874 $734,110 11.0%
Loan   35 Tarponwood Lake Apartments $655,850 4/30/2016 TTM 10.4% 95.0% $1,166,760 $523,856 $642,904 10.2% $39,647 $0 $603,258 9.6%
Loan   36 Galleria West Shopping Center $598,916 7/15/2016 TTM 9.6% 88.9% $1,017,056 $344,147 $672,908 10.8% $9,587 $41,824 $621,497 9.9%
Loan 7 37 Imperial Plaza $573,375 6/30/2016 TTM 10.5% 95.0% $767,518 $215,343 $552,175 10.1% $20,548 $40,353 $491,274 9.0%
Loan 10 38 Atlantic Self Storage Portfolio $541,423 6/30/2016 TTM 10.5% 86.1% $1,104,289 $469,305 $634,984 12.3% $24,693 $0 $610,291 11.8%
Property   38.01 Highway 21 Self Storage $346,205 6/30/2016 TTM   89.8% $704,843 $246,383 $458,460   $14,029 $0 $444,431  
Property   38.02 Ulock & HCCS Self Storage $126,029 6/30/2016 TTM   78.6% $256,263 $138,097 $118,166   $8,258 $0 $109,908  
Property   38.03 Highway 280 Self Storage $69,189 6/30/2016 TTM   90.5% $143,183 $84,825 $58,358   $2,406 $0 $55,952  
Loan   39 StorQuest - West LA, CA $457,106 6/30/2016 TTM 9.3% 86.7% $725,859 $263,103 $462,756 9.4% $5,537 $0 $457,219 9.3%
Loan   40 Maple Leaf Plaza $607,951 12/31/2015 13.1% 80.9% $814,492 $282,220 $532,272 11.4% $22,341 $0 $509,931 11.0%
Loan   41 Tinley Pointe Centre $451,484 3/31/2016 TTM 9.8% 95.0% $703,959 $289,365 $414,594 9.0% $2,914 $18,214 $393,466 8.6%
Loan   42 Price Chopper Richfield Springs $432,237 12/31/2015 10.1% 95.0% $608,917 $207,624 $401,293 9.4% $5,904 $7,380 $388,009 9.1%
Loan   43 West Plaza Shopping Center $694,378 12/31/2015 17.7% 94.0% $851,619 $210,420 $641,199 16.3% $17,883 $35,208 $588,108 15.0%
Loan   44 Belleayre Apartments $328,184 5/31/2016 TTM 9.1% 95.1% $604,074 $283,610 $320,464 8.8% $11,250 $0 $309,214 8.5%
Loan   45 Dearborn Business Park $594,819 6/30/2016 TTM 16.9% 88.1% $763,333 $265,895 $497,438 14.1% $17,753 $80,339 $399,346 11.3%
Loan   46 Bank of America Shopping Center $274,454 5/31/2016 TTM 8.3% 95.0% $471,552 $150,307 $321,245 9.7% $1,504 $15,738 $304,003 9.2%
Loan   47 Tuller Ridge Business Park $513,702 6/30/2016 TTM 15.6% 87.3% $670,389 $234,150 $436,239 13.3% $10,889 $56,233 $369,117 11.2%
Loan   48 Bayberry Crossing Shopping Center $434,387 12/31/2015 15.5% 85.9% $737,085 $272,574 $464,511 16.6% $8,182 $52,365 $403,963 14.4%
Loan   49 8141 Hull Street Road $305,066 6/30/2016 T-6 Ann. 14.9% 92.5% $301,577 $10,547 $291,030 14.2% $5,540 $70,000 $215,490 10.5%

 

A-1-7 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                           
          LARGEST TENANT INFORMATION         2ND LARGEST TENANT INFORMATION      
Property
Flag
Footnotes Loan ID Property Name   Largest Tenant Largest
Tenant Lease
Expiration(3)
Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration(3)
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
Loan 4 1 Vertex Pharmaceuticals HQ   Vertex Pharmaceuticals Incorporated 12/31/2028 1,082,417 95.5%   Bright Horizons Children’s Center 5/1/2035 12,665 1.1%
Loan 4, 5, 6, 7 2 Easton Town Center   AMC 30 12/31/2029 134,000 10.3%   H.H. Gregg 1/31/2021 37,413 2.9%
Loan 4 3 Briarwood Mall   MC Sporting Goods 1/31/2021 22,635 6.1%   Forever 21 7/31/2024 15,941 4.3%
Loan 4, 8 4 Coconut Point   Hollywood Theaters 4/30/2024 79,197 9.5%   Bed Bath & Beyond 1/31/2017 35,000 4.2%
Loan   5 Bellevue Park Corporate Center   CIGNA 9/30/2021 89,505 29.3%   BlackRock, Inc. 4/30/2022 60,050 19.7%
Loan 4, 7 6 Flagler Corporate Center   FPL 4/30/2023 (352,475 SF); 4/30/2021 (44,426 SF) 396,901 62.5%   Simply Healthcare Holdings, Inc. (Anthem Inc.) 1/31/2024 84,467 13.3%
Loan 7 7 Hilton Cocoa Beach   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   8 Clemson Lofts Apartments   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 4, 9, 10, 11 9 Columbia Center                    
Property   9.01 Columbia Center I   Kemp, Klein, Umphrey & Endelman 10/31/2019 28,932 11.3%   Bodman PLC 8/31/2024 27,926 11.0%
Property   9.02 Columbia Center II   Giarmarco, Mullins & Horton 12/31/2027 40,810 16.2%   Morgan Stanley Smith Barney 9/30/2018 26,179 10.4%
Property   9.03 Columbia Center IV   DSM Engineering Plastics, Inc. 12/31/2027 31,055 100.0%   N/A N/A N/A N/A
Loan 10 10 Hamister Hospitality Portfolio                    
Property   10.01 Hampton Inn Hazleton   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.02 Residence Inn Hazleton   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.03 Fairfield Inn & Suites Hazleton   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   11 Club Quarters - Washington, D.C.   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 4, 9, 10 12 Simon Premium Outlets                    
Property   12.01 Lee Premium Outlets   Gap Outlet 6/30/2017 12,113 5.4%   Nike Factory Store 6/30/2019 9,966 4.4%
Property   12.02 Gaffney Premium Outlets   Pottery Barn Furniture Outlet 1/31/2020 18,286 6.0%   Nike Factory Store 10/31/2016 11,620 3.8%
Property   12.03 Calhoun Premium Outlets   V.F. Factory Outlet 9/30/2020 26,000 10.2%   Old Navy MTM 12,000 4.7%
Loan 4 13 The Shops at Crystals   Louis Vuitton 12/31/2019 22,745 8.7%   Prada 12/31/2019 15,525 5.9%
Loan 4, 7 14 International Square   Federal Reserve Board Various (3/31/2022 - 266,023 SF; 1/31/2026 - 25,621 SF; 5/31/2028 - 98,589 SF) 390,233 33.7%   Blank Rome LLP Various (8/31/2018 - 1,665 SF; 7/31/2029 - 166,198 SF) 167,863 14.5%
Loan 12 15 Village at Main Street   YMCA 9/30/2017 8,202 9.9%   Red Robin 8/30/2018 7,902 9.5%
Loan 9, 10 16 Space Park North & Old Stone Bridge                    
Property   16.01 Space Park North   Commercial Warehouse & Cartage, Inc 5/31/2018 161,875 22.9%   Robison Tire Co., Inc. 12/31/2019 96,055 13.6%
Property   16.02 Old Stone Bridge 1&2   Ed Sloan & Associates, Inc. 8/31/2025 103,617 50.5%   Tyson Fresh Meats, Inc. 7/31/2020 51,753 25.2%
Property   16.03 Old Stone Bridge 3 & 4   AIR-serv Group LLC 11/30/2018 10,800 24.0%   B.F. Nashville, Inc 2/29/2020 3,600 8.0%
Loan   17 Ryan Plaza   Fidelity Brokerage Services, LLC 2/28/2025 7,538 21.8%   Energy Capital Partners Management, LP 1/31/2018 7,152 20.7%
Loan   18 Park Tower Long Beach   ChildNet Youth and Family Services 10/31/2022 41,667 34.9%   Park Tower Executive Suites, LLC 11/30/2019 17,274 14.5%
Loan   19 Seminole Centre   Ross Dress for Less, Inc. (d/b/a/ Ross) 1/31/2022 30,165 18.8%   Aldi (Florida) LLC 6/30/2021 24,725 15.4%
Loan   20 170 Marcel Drive   GSA 8/30/2021 106,637 100.0%   N/A N/A N/A N/A
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard   Butterfield Productions LLC 5/31/2022 45,158 42.3%   Kung Fu Factory 10/31/2019 11,356 10.6%
Loan   22 Residence Inn Greensboro Airport   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   23 Carrington Place   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   24 Courtyard by Marriott Atlanta Airport West   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   25 Scottsdale Design District   John Brooks, Inc. 3/31/2021 36,075 32.9%   Dean Warren Associates, Inc. 12/31/2022 15,440 14.1%
Loan   26 Sierra Crest Center   Firestone 10/31/2018 5,410 8.0%   G Plus Solutions 3/31/2021 3,955 5.8%
Loan   27 Hilton Garden Inn - Newport News   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   28 Trexlertown Marketplace   Walgreens 1/31/2031 14,800 40.7%   Panera 12/31/2022 4,930 13.6%
Loan   29 The Village by the Creek   MultiCare 3/6/2026 4,896 18.4%   Ariang Korean BBQ 1/31/2022 4,765 17.9%
Loan   30 Palm Ridge Plaza   Advantage Golf 4/30/2018 3,280 11.2%   Street Rod Productions 9/30/2018 2,500 8.5%
Loan   31 Drake Crossing Shopping Center   Josephs’ Hardware & Home Center 7/31/2021 10,998 19.6%   Pringles Fine Wine & Spirits 10/31/2018 9,324 16.6%
Loan   32 116th Street Centre   Meridian Design Group 9/30/2023 5,966 13.3%   Fred Astaire Dance Studio 8/31/2023 4,165 9.3%
Loan   33 StorQuest - Glendale, AZ   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   34 Canton Landings   O’Reilly Automotive 2/28/2027 10,776 18.2%   Ross Education 3/31/2018 9,650 16.3%
Loan   35 Tarponwood Lake Apartments   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   36 Galleria West Shopping Center   Mama Mia’s 8/31/2021 6,640 10.4%   Beads 8/31/2021 5,800 9.1%
Loan 7 37 Imperial Plaza   Kroger 1/31/2026 44,152 45.6%   AVI Food Systems Inc. 9/30/2020 16,000 16.5%
Loan 10 38 Atlantic Self Storage Portfolio                    
Property   38.01 Highway 21 Self Storage   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   38.02 Ulock & HCCS Self Storage   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   38.03 Highway 280 Self Storage   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   39 StorQuest - West LA, CA   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   40 Maple Leaf Plaza   Tractor Supply Co. 10/31/2019 49,799 33.4%   Big Lots 1/31/2022 39,901 26.8%
Loan   41 Tinley Pointe Centre   Intimo Martini Lounge 5/31/2021 3,147 17.3%   Tinley Park Liquors Lessee Swaiss Enterprises 6/30/2020 3,143 17.3%
Loan   42 Price Chopper Richfield Springs   Price Chopper 5/31/2030 36,900 100.0%   N/A N/A N/A N/A
Loan   43 West Plaza Shopping Center   Niemann Foods 12/31/2019 28,644 24.0%   Stage Stores 1/31/2019 23,100 19.4%
Loan   44 Belleayre Apartments   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   45 Dearborn Business Park   Tecsis LP 12/31/2017 17,115 14.5%   Enjoy Better Coffee, Inc. 9/2/2018 9,000 7.6%
Loan   46 Bank of America Shopping Center   Bank of America 9/30/2025 5,130 51.2%   Richard G. Handal M.D. 5/31/2017 2,118 21.1%
Loan   47 Tuller Ridge Business Park   Microman, Inc. 1/31/2019 23,873 32.9%   Salient Systems, Inc. 10/31/2020 15,225 21.0%
Loan   48 Bayberry Crossing Shopping Center   Z Hair Academy 10/14/2020 6,000 11.0%   Doc’s Tavern 9/30/2019 5,109 9.4%
Loan   49 8141 Hull Street Road   Bryant and Stratton College Corporation 8/31/2020 27,700 100.0%   N/A N/A N/A N/A

 

A-1-8 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                         
        3RD LARGEST TENANT INFORMATION   4TH LARGEST TENANT INFORMATION
Property
Flag
Footnotes Loan ID Property Name 3rd Largest Tenant 3rd Largest
Tenant Lease
Expiration(3)
3rd Largest
Tenant NSF
3rd Largest
Tenant
% of NSF
  4th Largest Tenant 4th Largest
Tenant Lease
Expiration(3)
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
Loan 4 1 Vertex Pharmaceuticals HQ Babbo Enoteca Fp, LLC 9/1/2025 9,117 0.8%   Master Lease 5/1/2029 7,300 0.6%
Loan 4, 5, 6, 7 2 Easton Town Center Barnes & Noble 8/31/2019 34,991 2.7%   Fahlgren, Inc. 6/30/2018 34,644 2.7%
Loan 4 3 Briarwood Mall Victoria’s Secret 1/31/2026 14,232 3.8%   H&M 1/31/2018 13,206 3.6%
Loan 4, 8 4 Coconut Point T.J. Maxx 5/31/2021 32,311 3.9%   Ross Dress For Less 1/31/2022 30,173 3.6%
Loan   5 Bellevue Park Corporate Center BNY Mellon Corporation 4/30/2023 57,227 18.7%   Interdigital, Inc. 11/30/2022 36,182 11.8%
Loan 4, 7 6 Flagler Corporate Center Florida International University (FIU) 9/30/2026 13,086 2.1%   United Family Cleaners MTM 900 0.1%
Loan 7 7 Hilton Cocoa Beach N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   8 Clemson Lofts Apartments N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 4, 9, 10, 11 9 Columbia Center                  
Property   9.01 Columbia Center I Michigan Court of Appeals 11/30/2026 20,334 8.0%   The Boston Consulting Group, Inc. 11/30/2020 20,009 7.8%
Property   9.02 Columbia Center II Regus National Business Centers 12/31/2025 20,009 8.0%   Cambridge Consulting Group LLC MTM 16,171 6.4%
Property   9.03 Columbia Center IV N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 10 10 Hamister Hospitality Portfolio                  
Property   10.01 Hampton Inn Hazleton N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.02 Residence Inn Hazleton N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.03 Fairfield Inn & Suites Hazleton N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   11 Club Quarters - Washington, D.C. N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 4, 9, 10 12 Simon Premium Outlets                  
Property   12.01 Lee Premium Outlets Banana Republic Factory Store 8/31/2017 8,756 3.9%   Dress Barn MTM 7,781 3.5%
Property   12.02 Gaffney Premium Outlets Gap Outlet 7/31/2019 8,970 3.0%   Banana Republic Factory Store 5/31/2019 8,584 2.8%
Property   12.03 Calhoun Premium Outlets Loft Outlet 10/31/2017 12,000 4.7%   Rak Outfitters 1/31/2021 11,652 4.6%
Loan 4 13 The Shops at Crystals Dolce & Gabbana 12/31/2021 15,502 5.9%   Gucci 12/31/2025 10,952 4.2%
Loan 4, 7 14 International Square World Bank Various (9/30/2019 - 67,167 SF; 12/31/2020 - 11,044 SF; 7/31/2021 - 21,236 SF) 99,447 8.6%   Daniel J. Edelman, Inc. 7/31/2019 63,314 5.5%
Loan 12 15 Village at Main Street The Salon Professional Academy 10/31/2020 5,400 6.5%   Wells Fargo 11/30/2019 4,512 5.4%
Loan 9, 10 16 Space Park North & Old Stone Bridge                  
Property   16.01 Space Park North Hollingsworth Oil Company Inc. 12/31/2017 60,000 8.5%   Brandon Company Of Tennessee, LLC 9/30/2017 52,141 7.4%
Property   16.02 Old Stone Bridge 1&2 All American Bottling 5/31/2020 50,000 24.3%   N/A N/A N/A N/A
Property   16.03 Old Stone Bridge 3 & 4 Global Retail Enterprises 10/31/2016 3,600 8.0%   MPS 9/30/2017 3,600 8.0%
Loan   17 Ryan Plaza Comerica Bank 6/30/2020 5,515 15.9%   AMK MSO, Inc. 9/30/2023 4,383 12.7%
Loan   18 Park Tower Long Beach Argus Management Company, LLC 12/31/2021 9,089 7.6%   Omya Inc. 9/30/2018 6,446 5.4%
Loan   19 Seminole Centre Ichigo Ichie Supreme Buffet, Inc. 12/31/2021 10,356 6.5%   Dollar Tree Stores, Inc. 10/31/2026 10,000 6.2%
Loan   20 170 Marcel Drive N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard The Regents of University of California 6/30/2019 9,148 8.6%   East-West Eye Institute 4/30/2021 3,329 3.1%
Loan   22 Residence Inn Greensboro Airport N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   23 Carrington Place N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   24 Courtyard by Marriott Atlanta Airport West N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   25 Scottsdale Design District CAI 3/31/2026 8,953 8.2%   Kravet Fabrics Phoenix 2/28/2026 7,813 7.1%
Loan   26 Sierra Crest Center Vargo Physical Therapy 4/30/2018 3,694 5.4%   Suren Kirakosyan 12/31/2021 3,250 4.8%
Loan   27 Hilton Garden Inn - Newport News N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   28 Trexlertown Marketplace Chick-fil-A 11/30/2021 4,288 11.8%   Embassy Bank 1/31/2020 4,000 11.0%
Loan   29 The Village by the Creek Lorinda 10/31/2017 2,595 9.7%   Elliot Bay Pizza 9/30/2023 2,400 9.0%
Loan   30 Palm Ridge Plaza Lil Bits 7/31/2021 2,000 6.8%   Advanced PT 9/30/2018 2,000 6.8%
Loan   31 Drake Crossing Shopping Center Absolute Threshold Brewery 6/30/2021 5,518 9.8%   Poudre Pet & Feed 3/31/2018 3,740 6.7%
Loan   32 116th Street Centre Fogata Grills 6/30/2025 3,754 8.4%   Quirky Feather Confectioner 11/20/2020 3,728 8.3%
Loan   33 StorQuest - Glendale, AZ N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   34 Canton Landings Northwest Consultants 9/30/2017 4,850 8.2%   Refresh Dental 5/31/2025 4,268 7.2%
Loan   35 Tarponwood Lake Apartments N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   36 Galleria West Shopping Center Nue’s Hardware Gallery 6/30/2019 4,668 7.3%   Studio 890, B.N.Z., Inc. 3/31/2021 4,157 6.5%
Loan 7 37 Imperial Plaza Dollar General 2/29/2020 12,765 13.2%   Advanced Auto 12/31/2016 6,999 7.2%
Loan 10 38 Atlantic Self Storage Portfolio                  
Property   38.01 Highway 21 Self Storage N/A N/A N/A N/A   N/A N/A N/A N/A
Property   38.02 Ulock & HCCS Self Storage N/A N/A N/A N/A   N/A N/A N/A N/A
Property   38.03 Highway 280 Self Storage N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   39 StorQuest - West LA, CA N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   40 Maple Leaf Plaza Stage Stores 1/31/2025 25,033 16.8%   Maple Leaf Inn 12/31/2017 (4,000 SF); 3/31/2017 (1,170 SF) 5,170 3.5%
Loan   41 Tinley Pointe Centre Vito and Nick’s Pizza Lessee Mauuam, Inc. 9/30/2020 2,856 15.7%   Dunkin’ Donuts Lessee Chandra Shah 11/30/2021 2,856 15.7%
Loan   42 Price Chopper Richfield Springs N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   43 West Plaza Shopping Center Westlake ACE Hardware 6/30/2020 20,343 17.1%   Dollar General 3/31/2019 10,000 8.4%
Loan   44 Belleayre Apartments N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   45 Dearborn Business Park MSC Industrial Supply Co. 9/30/2016 8,880 7.5%   Towne Properties Asset Mgmt 6/30/2017 8,800 7.4%
Loan   46 Bank of America Shopping Center Allstate Insurance 4/30/2021 1,292 12.9%   Workgroup Solutions Corporation 10/31/2020 1,184 11.8%
Loan   47 Tuller Ridge Business Park Good Bodies, Inc. 3/14/2020 6,280 8.7%   Compucorp MTM 3,650 5.0%
Loan   48 Bayberry Crossing Shopping Center Pizza Street 4/30/2019 4,930 9.0%   El Ranchero Mex. Restaurant 2/28/2020 3,938 7.2%
Loan   49 8141 Hull Street Road N/A N/A N/A N/A   N/A N/A N/A N/A

 

A-1-9 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                           
        5TH LARGEST TENANT INFORMATION   MORTGAGE LOAN RESERVE INFORMATION
Property
Flag
Footnotes Loan ID Property Name 5th Largest Tenant 5th Largest
Tenant Lease
Expiration(3)
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
  Upfront
Replacement
Reserves
Monthly
Replacement
Reserves
Replacement
Reserve Cap
Upfront TI/LC
 Reserves
Monthly TI/LC
Reserves
Loan 4 1 Vertex Pharmaceuticals HQ Pier 50 LLC 10/1/2024 6,704 0.6%   $0 $0 $0 $0 $0
Loan 4, 5, 6, 7 2 Easton Town Center KDB 7/31/2024 34,457 2.6%   $0 $0 $0 $0 $0
Loan 4 3 Briarwood Mall The Gap 1/31/2017 13,191 3.6%   $0 $0 $130,205 $0 $0
Loan 4, 8 4 Coconut Point Best Buy 1/31/2022 30,000 3.6%   $0 $0 $0 $0 $0
Loan   5 Bellevue Park Corporate Center Mastercard International Inc. 4/30/2017 13,004 4.3%   $0 $6,357 $0 $250,000 $44,538
Loan 4, 7 6 Flagler Corporate Center N/A N/A N/A N/A   $0 $7,935 $0 $3,125,000 $52,902
Loan 7 7 Hilton Cocoa Beach N/A N/A N/A N/A   $0 $55,700 $0 $0 $0
Loan   8 Clemson Lofts Apartments N/A N/A N/A N/A   $0 $5,800 $278,400 $0 $0
Loan 4, 9, 10, 11 9 Columbia Center           $0 $10,305 $618,300 $2,000,000 $67,207
Property   9.01 Columbia Center I Hall, Render, Killian, Et. Al. 12/31/2019 19,735 7.7%            
Property   9.02 Columbia Center II Equity Management, Inc. 12/31/2016 13,638 5.4%            
Property   9.03 Columbia Center IV N/A N/A N/A N/A            
Loan 10 10 Hamister Hospitality Portfolio           $0 $26,922 $0 $0 $0
Property   10.01 Hampton Inn Hazleton N/A N/A N/A N/A            
Property   10.02 Residence Inn Hazleton N/A N/A N/A N/A            
Property   10.03 Fairfield Inn & Suites Hazleton N/A N/A N/A N/A            
Loan   11 Club Quarters - Washington, D.C. N/A N/A N/A N/A   $0 $30,903 $0 $0 $0
Loan 4, 9, 10 12 Simon Premium Outlets           $0 $0 $0 $0 $0
Property   12.01 Lee Premium Outlets Polo Ralph Lauren 5/31/2017 7,683 3.4%            
Property   12.02 Gaffney Premium Outlets Dress Barn 12/31/2016 7,986 2.6%            
Property   12.03 Calhoun Premium Outlets Polo Ralph Lauren 1/31/2021 10,200 4.0%            
Loan 4 13 The Shops at Crystals Tiffany & Co. 1/31/2024 10,000 3.8%   $0 $0 $0 $0 $0
Loan 4, 7 14 International Square Milbank,Tweed,Hadley & Mccloy Various (1/31/2020 - 439 SF; 6/30/2023 - 53,860) 54,299 4.7%   $0 $0 $573,356 $0 $0
Loan 12 15 Village at Main Street Critter Cabana 8/31/2018 4,432 5.3%   $0 $1,382 $0 $200,000 $3,454
Loan 9, 10 16 Space Park North & Old Stone Bridge           $500,000 $0 $250,000 $0 $0
Property   16.01 Space Park North Maurice D. and Juanita Dilick 1/31/2017 30,000 4.2%            
Property   16.02 Old Stone Bridge 1&2 N/A N/A N/A N/A            
Property   16.03 Old Stone Bridge 3 & 4 Rug Doctor Inc. 7/31/2017 3,600 8.0%            
Loan   17 Ryan Plaza GDC Communities 5/31/2018 4,291 12.4%   $577 $577 $0 $102,883 $2,883
Loan   18 Park Tower Long Beach Envy Medical, Inc. 8/31/2019 4,651 3.9%   $0 $2,291 $0 $0 $9,960
Loan   19 Seminole Centre Pet Supplies Plus 9/30/2026 7,000 4.4%   $168,593 $2,002 $0 $0 $8,333
Loan   20 170 Marcel Drive N/A N/A N/A N/A   $0 $1,422 $0 $1,650,000 $0
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard Development Corp for Israel-IB 4/30/2018 3,212 3.0%   $0 $2,392 $86,148 $200,000 $11,078
Loan   22 Residence Inn Greensboro Airport N/A N/A N/A N/A   $0 $12,854 $0 $0 $0
Loan   23 Carrington Place N/A N/A N/A N/A   $0 $3,583 $0 $0 $0
Loan   24 Courtyard by Marriott Atlanta Airport West N/A N/A N/A N/A   $0 $14,384 $0 $0 $0
Loan   25 Scottsdale Design District Harold C. Hoeg 10/31/2022 7,732 7.1%   $0 $1,828 $0 $0 $9,138
Loan   26 Sierra Crest Center Las Delicias   12/31/2020 3,159 4.7%   $0 $1,415 $0 $25,000 $5,321
Loan   27 Hilton Garden Inn - Newport News N/A N/A N/A N/A   $0 $10,602 $0 $0 $0
Loan   28 Trexlertown Marketplace Verizon Wireless 4/30/2019 2,832 7.8%   $0 $464 $0 $0 $1,055
Loan   29 The Village by the Creek Union Bank 11/1/2020 2,400 9.0%   $0 $444 $0 $0 $2,219
Loan   30 Palm Ridge Plaza Décor Galore 3/31/2017 2,000 6.8%   $25,000 $0 $25,000 $105,000 $0
Loan   31 Drake Crossing Shopping Center Wild Horizons CrossFit Gym 10/31/2020 3,235 5.8%   $0 $1,171 $0 $125,000 $0
Loan   32 116th Street Centre Dentistry on 116, Inc. 1/31/2023 2,880 6.4%   $0 $560 $0 $135,000 $0
Loan   33 StorQuest - Glendale, AZ N/A N/A N/A N/A   $0 $967 $58,045 $0 $0
Loan   34 Canton Landings Palermo’s Pizza 5/31/2020 3,158 5.3%   $0 $987 $0 $75,000 $0
Loan   35 Tarponwood Lake Apartments N/A N/A N/A N/A   $0 $3,304 $0 $0 $0
Loan   36 Galleria West Shopping Center Picardy Shoe Parlour West, Inc. 3/31/2021 3,525 5.5%   $0 $799 $0 $125,000 $0
Loan 7 37 Imperial Plaza Goodwill Industries 1/31/2022 6,198 6.4%   $0 $1,713 $102,780 $0 $4,036
Loan 10 38 Atlantic Self Storage Portfolio           $150,000 $2,058 $0 $0 $0
Property   38.01 Highway 21 Self Storage N/A N/A N/A N/A            
Property   38.02 Ulock & HCCS Self Storage N/A N/A N/A N/A            
Property   38.03 Highway 280 Self Storage N/A N/A N/A N/A            
Loan   39 StorQuest - West LA, CA N/A N/A N/A N/A   $0 $461 $0 $0 $0
Loan   40 Maple Leaf Plaza Hao Pham 1/31/2019 1,800 1.2%   $35,000 $2,110 $0 $350,000 $0
Loan   41 Tinley Pointe Centre Heart & Sole Dance 5/1/2018 1,560 8.6%   $0 $243 $0 $0 $1,518
Loan   42 Price Chopper Richfield Springs N/A N/A N/A N/A   $0 $0 $0 $0 $0
Loan   43 West Plaza Shopping Center Cleeks 7/31/2018 5,935 5.0%   $188,311 $1,490 $0 $120,000 $0
Loan   44 Belleayre Apartments N/A N/A N/A N/A   $0 $938 $0 $0 $0
Loan   45 Dearborn Business Park PPG Industries Inc. 2/28/2018 7,546 6.4%   $0 $0 $0 $125,000 $0
Loan   46 Bank of America Shopping Center The Mobile Home Way 10/31/2017 300 3.0%   $0 $125 $3,007 $0 $1,462
Loan   47 Tuller Ridge Business Park Quality Products & Services, Inc. 11/30/2016 3,473 4.8%   $0 $0 $0 $100,000 $0
Loan   48 Bayberry Crossing Shopping Center The Mali Thai Bistro 1/31/2019 3,343 6.1%   $0 $364 $0 $75,000 $2,083
Loan   49 8141 Hull Street Road N/A N/A N/A N/A   $0 $0 $0 $0 $5,833

 

A-1-10 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS  
                 
        MORTGAGE LOAN RESERVE INFORMATION
Property
Flag
Footnotes Loan ID Property Name TI/LC
Reserve Cap
Upfront Tax
 Reserves
Monthly Tax
 Reserves
Upfront
Insurance Reserves
Monthly
Insurance
Reserves
Loan 4 1 Vertex Pharmaceuticals HQ $0 $0 $0 $0 $0
Loan 4, 5, 6, 7 2 Easton Town Center $0 $0 $0 $0 $0
Loan 4 3 Briarwood Mall $2,496,933 $0 $0 $0 $0
Loan 4, 8 4 Coconut Point $0 $0 $0 $0 $0
Loan   5 Bellevue Park Corporate Center $2,750,000 $0 $71,288 $53,914 $4,901
Loan 4, 7 6 Flagler Corporate Center $5,000,000 $859,313 $78,120 $163,068 $23,296
Loan 7 7 Hilton Cocoa Beach $0 $183,247 $26,178 $86,735 $19,664
Loan   8 Clemson Lofts Apartments $0 $220,702 $27,588 $195,147 $17,741
Loan 4, 9, 10, 11 9 Columbia Center $3,000,000 $175,580 $87,790 $102,609 $10,261
Property   9.01 Columbia Center I          
Property   9.02 Columbia Center II          
Property   9.03 Columbia Center IV          
Loan 10 10 Hamister Hospitality Portfolio $0 $83,188 $20,797 $0 $0
Property   10.01 Hampton Inn Hazleton          
Property   10.02 Residence Inn Hazleton          
Property   10.03 Fairfield Inn & Suites Hazleton          
Loan   11 Club Quarters - Washington, D.C. $0 $298,442 $52,266 $12,154 $12,154
Loan 4, 9, 10 12 Simon Premium Outlets $0 $0 $0 $0 $0
Property   12.01 Lee Premium Outlets          
Property   12.02 Gaffney Premium Outlets          
Property   12.03 Calhoun Premium Outlets          
Loan 4 13 The Shops at Crystals $4,440,000 $0 $0 $0 $0
Loan 4, 7 14 International Square $7,531,758 $0 $0 $0 $0
Loan 12 15 Village at Main Street $0 $52,626 $26,313 $7,314 $1,784
Loan 9, 10 16 Space Park North & Old Stone Bridge $0 $206,285 $34,381 $0 $0
Property   16.01 Space Park North          
Property   16.02 Old Stone Bridge 1&2          
Property   16.03 Old Stone Bridge 3 & 4          
Loan   17 Ryan Plaza $200,000 $48,614 $16,205 $0 $0
Loan   18 Park Tower Long Beach $358,551 $138,771 $23,129 $0 $0
Loan   19 Seminole Centre $300,000 $147,902 $21,129 $23,399 $2,925
Loan   20 170 Marcel Drive $0 $41,518 $8,304 $8,248 $1,031
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard $0 $0 $42,750 $0 $0
Loan   22 Residence Inn Greensboro Airport $0 $98,874 $8,239 $9,987 $1,665
Loan   23 Carrington Place $0 $214,758 $17,896 $17,873 $2,553
Loan   24 Courtyard by Marriott Atlanta Airport West $0 $154,107 $13,157 $0 $0
Loan   25 Scottsdale Design District $438,608 $9,720 $9,720 $0 $0
Loan   26 Sierra Crest Center $125,000 $150,558 $16,727 $4,727 $1,173
Loan   27 Hilton Garden Inn - Newport News $0 $21,382 $10,691 $25,911 $3,702
Loan   28 Trexlertown Marketplace $0 $68,292 $9,756 $0 $0
Loan   29 The Village by the Creek $168,770 $0 $5,660 $6,320 $790
Loan   30 Palm Ridge Plaza $105,000 $23,998 $2,666 $0 $0
Loan   31 Drake Crossing Shopping Center $125,000 $67,462 $13,492 $2,641 $660
Loan   32 116th Street Centre $135,000 $50,067 $8,344 $2,421 $1,210
Loan   33 StorQuest - Glendale, AZ $0 $21,818 $5,455 $0 $0
Loan   34 Canton Landings $75,000 $0 $6,801 $1,417 $1,417
Loan   35 Tarponwood Lake Apartments $0 $89,259 $9,918 $52,598 $5,260
Loan   36 Galleria West Shopping Center $125,000 $43,943 $7,324 $0 $0
Loan 7 37 Imperial Plaza $250,000 $21,624 $7,208 $16,350 $3,723
Loan 10 38 Atlantic Self Storage Portfolio $0 $55,033 $6,115 $4,678 $2,339
Property   38.01 Highway 21 Self Storage          
Property   38.02 Ulock & HCCS Self Storage          
Property   38.03 Highway 280 Self Storage          
Loan   39 StorQuest - West LA, CA $0 $32,724 $4,091 $0 $0
Loan   40 Maple Leaf Plaza Leasing Reserve Cap: (1) during the period commencing on the date of this Agreement and ending on date immediately preceding 12 months prior to the lease expiration of Tractor Supply’s initial lease term, $350,000.00, (2) during the period commencing 12 months prior to the lease expiration of Tractor Supply’s initial lease term and ending on the date which is the earlier to occur of (A) Tractor Supply renewing its lease or (B) Borrower entering into a replacement lease fulfulling certain requirements described in the loan agreement with a tenant for the Tractor Supply space (the “Tractor Supply Rollover Completion Date”), $530,000.00, and (3) from and after the Tractor Supply Rollover Completion Date and until the Note is paid in full, $400,000.00. $44,259 $7,377 $3,961 $1,980
Loan   41 Tinley Pointe Centre $0 $34,169 $17,085 $4,675 $1,558
Loan   42 Price Chopper Richfield Springs $0 $0 $0 $0 $0
Loan   43 West Plaza Shopping Center $120,000 $51,870 $8,645 $12,948 $4,581
Loan   44 Belleayre Apartments $0 $105,861 $10,319 $28,452 $2,587
Loan   45 Dearborn Business Park $125,000 $6,929 $6,929 $0 $0
Loan   46 Bank of America Shopping Center $35,084 $34,144 $8,239 $1,821 $911
Loan   47 Tuller Ridge Business Park $100,000 $7,199 $7,199 $0 $0
Loan   48 Bayberry Crossing Shopping Center $190,000 $85,394 $9,488 $0 $0
Loan   49 8141 Hull Street Road $0 $0 $0 $0 $0
                   

 

A-1-11 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                               
        MORTGAGE LOAN RESERVE INFORMATION   THIRD PARTY REPORTS          
Property
Flag
Footnotes Loan ID Property Name Upfront
Deferred Maint.
Reserve
Initial Other
Reserves
Ongoing Other
Reserves
Other Reserves Description   Appraisal
Report Date
Environmental
Phase I
Report Date
Environmental
Phase II
Report Date
Engineering
Report Date
Seismic
Report Date
Seismic Zone (Y/N) PML %
Loan 4 1 Vertex Pharmaceuticals HQ $0 $0 $0 N/A   6/27/2016 6/10/2016 N/A 6/14/2016 N/A No N/A
Loan 4, 5, 6, 7 2 Easton Town Center $0 $7,161,275 $0 Existing Leasing Obligation Funds   7/22/2016 7/14/2016 N/A 7/12/2016 N/A No N/A
Loan 4 3 Briarwood Mall $0 $0 $0 N/A   8/5/2016 7/25/2016 N/A 7/25/2016 N/A No N/A
Loan 4, 8 4 Coconut Point $0 $0 $0 N/A   8/23/2016 8/1/2016 N/A 8/2/2016 N/A No N/A
Loan   5 Bellevue Park Corporate Center $79,688 $1,050,314 $0 Blackrock TI Reserve; Canon Reserve; Right Management Reserve   7/29/2016 6/30/2016 N/A 6/30/2016 N/A No N/A
Loan 4, 7 6 Flagler Corporate Center $1,708,926 $1,234,949 $0 Outstanding TI/LC/Free Rent Reserve   7/21/2016 7/1/2016 N/A 7/1/2016 N/A No N/A
Loan 7 7 Hilton Cocoa Beach $0 $295,000 $0 PIP Reserve   7/22/2016 5/5/2016 N/A 4/25/2016 N/A No N/A
Loan   8 Clemson Lofts Apartments $0 $0 $0 N/A   6/17/2016 6/10/2016 N/A 6/10/2016 N/A No N/A
Loan 4, 9, 10, 11 9 Columbia Center $275,000 $0 $0 N/A                
Property   9.01 Columbia Center I           7/25/2016 7/11/2016 N/A 7/11/2016 N/A No N/A
Property   9.02 Columbia Center II           7/25/2016 7/11/2016 N/A 7/11/2016 N/A No N/A
Property   9.03 Columbia Center IV           7/25/2016 7/11/2016 N/A 7/11/2016 N/A No N/A
Loan 10 10 Hamister Hospitality Portfolio $0 $5,903,142 $0 Radon Funds; PIP Funds                
Property   10.01 Hampton Inn Hazleton           8/3/2016 5/19/2016 N/A 6/17/2016 N/A No N/A
Property   10.02 Residence Inn Hazleton           8/3/2016 5/20/2016 N/A 6/17/2016 N/A No N/A
Property   10.03 Fairfield Inn & Suites Hazleton           8/3/2016 5/20/2016 N/A 6/17/2016 N/A No N/A
Loan   11 Club Quarters - Washington, D.C. $0 $0 $0 N/A   6/23/2016 6/14/2016 N/A 6/14/2016 N/A No N/A
Loan 4, 9, 10 12 Simon Premium Outlets $0 $0 $0 N/A                
Property   12.01 Lee Premium Outlets           5/19/2016 4/21/2016 N/A 4/21/2016 N/A No N/A
Property   12.02 Gaffney Premium Outlets           5/19/2016 4/21/2016 N/A 4/21/2016 N/A No N/A
Property   12.03 Calhoun Premium Outlets           5/17/2016 4/21/2016 N/A 4/21/2016 N/A No N/A
Loan 4 13 The Shops at Crystals $0 $0 $0 N/A   5/21/2016 2/5/2016 N/A 5/13/2016 N/A No N/A
Loan 4, 7 14 International Square $0 $28,442,141 $0 Specified Tenant Reserve; Downtime Rent Reserve   6/13/2016 6/21/2016 N/A 6/21/2016 N/A No N/A
Loan 12 15 Village at Main Street $0 $749,116 $0 Salon Professional Reserve; Existing TI/LC Reserve   11/13/2015 10/15/2015 N/A 10/15/2015 10/15/2015 Yes - 3 10.00%
Loan 9, 10 16 Space Park North & Old Stone Bridge $0 $271,304 $0 CWC Reserve                
Property   16.01 Space Park North           7/22/2016 6/24/2016 N/A 6/24/2016 N/A No N/A
Property   16.02 Old Stone Bridge 1&2           7/5/2016 6/17/2016 N/A 6/17/2016 N/A No N/A
Property   16.03 Old Stone Bridge 3 & 4           7/5/2016 6/20/2016 N/A 6/20/2016 N/A No N/A
Loan   17 Ryan Plaza $0 $58,646 $0 Free Rent Reserve   2/2/2016 12/30/2015 N/A 11/23/2015 11/23/2015 Yes - 4 3.00%
Loan   18 Park Tower Long Beach $0 $1,399,160 $0 Rent Concession Reserve; Borrower Obligation Leasing Reserve   7/27/2016 5/11/2016 N/A 7/7/2016 7/8/2016 Yes - 4 16.00%
Loan   19 Seminole Centre $0 $65,875 $0 Payment Reserve   4/1/2016 4/6/2016 N/A 4/6/2016 N/A No N/A
Loan   20 170 Marcel Drive $15,213 $0 $0 N/A   11/24/2015 5/27/2015 N/A 5/27/2015 N/A No N/A
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard $0 $0 $0 N/A   8/19/2016 8/26/2016 N/A 8/26/2016 8/26/2016 Yes - 4 14.00%
Loan   22 Residence Inn Greensboro Airport $0 $2,500 $0 Comfort Letter Transfer Reserve   7/6/2016 5/2/2016 N/A 5/2/2016 N/A No N/A
Loan   23 Carrington Place $0 $600,000 $0 Achievement Reserve   8/22/2016 7/13/2016 N/A 7/13/2016 N/A No N/A
Loan   24 Courtyard by Marriott Atlanta Airport West $0 $1,600,000 $0 PIP   7/29/2016 5/10/2016 N/A 7/11/2016 N/A No N/A
Loan   25 Scottsdale Design District $0 $0 $0 N/A   8/6/2016 7/22/2016 N/A 7/22/2016 N/A No N/A
Loan   26 Sierra Crest Center $54,688 $0 $0 N/A   7/29/2016 7/11/2016 N/A 7/11/2016 7/11/2016 Yes - 4 16.00%
Loan   27 Hilton Garden Inn - Newport News $0 $200,000 $6,250 PIP Reserve   12/11/2015 11/11/2015 N/A 11/11/2015 N/A No N/A
Loan   28 Trexlertown Marketplace $0 $16,500 $0 Ground Rent   1/20/2016 12/30/2015 N/A 1/7/2015 N/A No N/A
Loan   29 The Village by the Creek $0 $359,913 $0 TRR Reserve; Outstanding Leasing Costs   8/15/2016 7/5/2016 N/A 8/19/2016 8/19/2016 Yes - 3 10.00%
Loan   30 Palm Ridge Plaza $0 $0 $0 N/A   7/20/2016 6/29/2016 N/A 6/27/2016 N/A No N/A
Loan   31 Drake Crossing Shopping Center $33,125 $36,000 $0 Unfunded Obligations Reserve - Zi Zai Dermatology, LLC   8/18/2016 7/13/2016 N/A 7/12/2016 N/A No N/A
Loan   32 116th Street Centre $0 $10,058 $0 Spa Suites Reserve   7/29/2016 6/2/2016 N/A 6/2/2016 N/A No N/A
Loan   33 StorQuest - Glendale, AZ $0 $0 $0 N/A   6/22/2016 6/17/2016 N/A 6/20/2016 N/A No N/A
Loan   34 Canton Landings $0 $0 $0 N/A   7/14/2016 6/29/2016 N/A 6/30/2016 N/A No N/A
Loan   35 Tarponwood Lake Apartments $54,838 $0 $0 N/A   3/18/2016 2/5/2016 N/A 2/5/2016 N/A No N/A
Loan   36 Galleria West Shopping Center $0 $0 $0 N/A   7/26/2016 7/1/2016 N/A 7/1/2016 N/A No N/A
Loan 7 37 Imperial Plaza $0 $413,243 $0 Goodwill LL Work Reserve; Kroger TI Reserve; Goodwill Free Rent Reserve   8/30/2016 8/26/2016 N/A 8/28/2016 N/A No N/A
Loan 10 38 Atlantic Self Storage Portfolio $21,563 $0 $0 N/A                
Property   38.01 Highway 21 Self Storage           7/17/2016 7/27/2016 N/A 7/29/2016 N/A No N/A
Property   38.02 Ulock & HCCS Self Storage           7/17/2016 7/27/2016; 8/12/2016 N/A 7/29/2016 N/A No N/A
Property   38.03 Highway 280 Self Storage           7/17/2016 7/27/2016 N/A 7/29/2016 N/A No N/A
Loan   39 StorQuest - West LA, CA $7,875 $0 $0 N/A   6/24/2016 6/17/2016 N/A 6/17/2016 6/17/2016 Yes - 4 10.00%
Loan   40 Maple Leaf Plaza $220,250 $10,000 $0 Environmental Reserve   5/27/2016 4/5/2016 N/A 4/5/2016 N/A No N/A
Loan   41 Tinley Pointe Centre $0 $0 $0 N/A   6/20/2016 5/16/2016 N/A 5/18/2016 N/A No N/A
Loan   42 Price Chopper Richfield Springs $0 $0 $0 N/A   5/10/2016 4/22/2016 N/A 4/22/2016 N/A No N/A
Loan   43 West Plaza Shopping Center $31,025 $0 $0 N/A   3/29/2016 3/11/2016 N/A 4/4/2016 N/A No N/A
Loan   44 Belleayre Apartments $0 $0 $0 N/A   7/16/2016 7/20/2016 N/A 7/20/2016 N/A No N/A
Loan   45 Dearborn Business Park $552,438 $0 $0 N/A   6/14/2016 4/18/2016 N/A 4/18/2016 N/A No N/A
Loan   46 Bank of America Shopping Center $0 $5,920 $0 Workgroup Solutions Lease Reserve   8/3/2016 7/19/2016 N/A 7/21/2016 N/A No N/A
Loan   47 Tuller Ridge Business Park $0 $0 $0 N/A   5/16/2016 4/18/2016 N/A 4/18/2016 N/A No N/A
Loan   48 Bayberry Crossing Shopping Center $30,638 $0 $0 N/A   8/2/2016 7/11/2016 N/A 7/19/2016 N/A No N/A
Loan   49 8141 Hull Street Road $0 $0 $0 N/A   9/1/2016 9/4/2015 N/A 9/2/2015 N/A No N/A

 

A-1-12 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                           
        TOTAL MORTGAGE DEBT INFORMATION   TOTAL DEBT INFORMATION
Property
Flag
Footnotes Loan ID Property Name Cut-off Date
Pari Passu Mortgage
Debt Balance
Cut-off Date
Subord. Mortgage
Debt Balance
Total Mortgage
Debt Cut-off
Date LTV Ratio
Total Mortgage
Debt UW
NCF DSCR
Total Mortgage
Debt UW NOI
Debt Yield
  Cut-off Date
Mezzanine
Debt Balance
Total Debt
Cut-off Date
LTV Ratio
Total
Debt UW
NCF DSCR
Total Debt
UW NOI
Debt Yield
Loan 4 1 Vertex Pharmaceuticals HQ $347,500,000   35.5% 6.28x 17.9%   $195,000,000 51.8% 3.42x 12.3%
Loan 4, 5, 6, 7 2 Easton Town Center $262,500,000 $362,500,000 59.0% 1.94x 7.4%          
Loan 4 3 Briarwood Mall $95,000,000   49.1% 3.34x 11.7%          
Loan 4, 8 4 Coconut Point $130,000,000   67.1% 1.39x 8.8%          
Loan   5 Bellevue Park Corporate Center                    
Loan 4, 7 6 Flagler Corporate Center $34,960,275   63.6% 1.55x 10.6%          
Loan 7 7 Hilton Cocoa Beach                    
Loan   8 Clemson Lofts Apartments                    
Loan 4, 9, 10, 11 9 Columbia Center $37,455,306   68.5% 1.53x 10.2%          
Property   9.01 Columbia Center I                    
Property   9.02 Columbia Center II                    
Property   9.03 Columbia Center IV                    
Loan 10 10 Hamister Hospitality Portfolio                    
Property   10.01 Hampton Inn Hazleton                    
Property   10.02 Residence Inn Hazleton                    
Property   10.03 Fairfield Inn & Suites Hazleton                    
Loan   11 Club Quarters - Washington, D.C.                    
Loan 4, 9, 10 12 Simon Premium Outlets $79,681,789   46.8% 2.55x 16.3%          
Property   12.01 Lee Premium Outlets                    
Property   12.02 Gaffney Premium Outlets                    
Property   12.03 Calhoun Premium Outlets                    
Loan 4 13 The Shops at Crystals $362,700,000 $167,300,000 50.0% 2.28x 9.0%          
Loan 4, 7 14 International Square $226,700,000 $203,300,000 59.4% 2.36x 9.5%          
Loan 12 15 Village at Main Street                    
Loan 9, 10 16 Space Park North & Old Stone Bridge                    
Property   16.01 Space Park North                    
Property   16.02 Old Stone Bridge 1&2                    
Property   16.03 Old Stone Bridge 3 & 4                    
Loan   17 Ryan Plaza                    
Loan   18 Park Tower Long Beach                    
Loan   19 Seminole Centre                    
Loan   20 170 Marcel Drive                    
Loan 4 21 West LA Office - 1950 Sawtelle Boulevard $22,500,000   67.2% 1.18x 8.0%          
Loan   22 Residence Inn Greensboro Airport                    
Loan   23 Carrington Place                    
Loan   24 Courtyard by Marriott Atlanta Airport West                    
Loan   25 Scottsdale Design District                    
Loan   26 Sierra Crest Center                    
Loan   27 Hilton Garden Inn - Newport News                    
Loan   28 Trexlertown Marketplace                    
Loan   29 The Village by the Creek                    
Loan   30 Palm Ridge Plaza                    
Loan   31 Drake Crossing Shopping Center                    
Loan   32 116th Street Centre                    
Loan   33 StorQuest - Glendale, AZ                    
Loan   34 Canton Landings                    
Loan   35 Tarponwood Lake Apartments                    
Loan   36 Galleria West Shopping Center                    
Loan 7 37 Imperial Plaza                    
Loan 10 38 Atlantic Self Storage Portfolio                    
Property   38.01 Highway 21 Self Storage                    
Property   38.02 Ulock & HCCS Self Storage                    
Property   38.03 Highway 280 Self Storage                    
Loan   39 StorQuest - West LA, CA                    
Loan   40 Maple Leaf Plaza                    
Loan   41 Tinley Pointe Centre                    
Loan   42 Price Chopper Richfield Springs                    
Loan   43 West Plaza Shopping Center                    
Loan   44 Belleayre Apartments                    
Loan   45 Dearborn Business Park                    
Loan   46 Bank of America Shopping Center                    
Loan   47 Tuller Ridge Business Park                    
Loan   48 Bayberry Crossing Shopping Center                    
Loan   49 8141 Hull Street Road                    

 

A-1-13 

 

 

MSBAM 2016-C30

 

Footnotes to Annex A-1 

   
(1) BANA—Bank of America, National Association; BNYM—Bank of New York Mellon; CIBC—CIBC Inc.; MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; PLS—PennyMac Loan Services, LLC; SMC—Starwood Mortgage Capital LLC; SMF III—Starwood Mortgage Funding III LLC
   
(2) The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan.
   
(3) Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations”  for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans.
   
(4) Each of the Vertex Pharmaceuticals HQ Mortgage Loan (Mortgage Loan No. 1), the Easton Town Center Mortgage Loan (Mortgage Loan No. 2), the Briarwood Mall Mortgage Loan (Mortgage Loan No. 3), the Coconut Point Mortgage Loan (Mortgage Loan No. 4), the Flagler Corporate Center Mortgage Loan (Mortgage Loan No. 6), the Columbia Center Mortgage Loan (Mortgage Loan No. 9), the Simon Premium Outlets Mortgage Loan (Mortgage Loan No. 12), The Shops at Crystals Mortgage Loan (Mortgage Loan No. 13), the International Square Mortgage Loan (Mortgage Loan No. 14) and the West LA Office – 1950 Sawtelle Boulevard Mortgage Loan (Mortgage Loan No. 21) is part of a whole loan related to the Issuing Entity. For further information, see “Description of the Mortgage Pool—The Whole Loans” and “—The Non-Serviced Pari Passu Whole Loans”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu-AB Whole Loans” and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”, as applicable, in the Preliminary Prospectus.
   
(5) With respect to Mortgage Loan No. 2, Easton Town Center, the Borrower may obtain a release of income-producing parcels up to 25,000 SF of gross leasable area and/or transfer any such release parcels to third parties for the purpose of transferee erecting and operating additional structures as described in the loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the Preliminary Prospectus.
   
(6) With respect to Mortgage Loan No. 2, Easton Town Center, prior to February 5, 2026, Borrower may partially prepay in increments of not less than $5,000,000 with payment of the greater of a yield maintenance premium and 1% of the amount being prepaid.  On and after February 5, 2026, Borrower may partially prepay in increments of $5,000,000 with no payment of a yield maintenance premium or prepayment premium.  Partial prepayments are also permitted in conjunction with a partial release in order to satisfy the debt yield condition to partial release, with no payment of a yield maintenance premium or prepayment premium and without regard to the $5,000,000 minimum.  Borrower has the right to partially prepay to maintain a DSCR of 1.20x or to achieve a 1.25x DSCR if cash management period is in effect with payment of the greater of a yield maintenance premium and 1% of the amount being prepaid, without regard to the $5,000,000 minimum.

 

A-1-14 

 

 

   
(7) With respect to Mortgage Loan Nos. 2, 6, 7, 14 and 37, Easton Town Center, Flagler Corporate Center, Hilton Cocoa Beach, International Square and Imperial Plaza, the related mortgage loan documents permit future subordinate secured financing or mezzanine financing generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the Preliminary Prospectus.
   
(8) The borrower of Mortgage Loan No. 4, Coconut Point, (the “Coconut Point Borrower”) owns a leasehold interest in the Coconut Point Mortgaged Property and the 100% equity owner of the Coconut Point Borrower owns a fee interest in the Coconut Point Mortgaged Property, each of which is subject to a mortgage securing the Coconut Point Whole Loan. Accordingly, the Coconut Point Mortgaged Property is being treated as a fee interest.
 
   
(9) With respect to Mortgage Loan Nos. 9, 12 and 16, Columbia Center, Simon Premium Outlets and Space Park North & Old Stone Bridge, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Partial Releases” in the Preliminary Prospectus.
   
(10) With respect to Mortgage Loan Nos. 9, 10, 12, 16, and 38, Columbia Center, Hamister Hospitality Portfolio, Simon Premium Outlets, Space Park North & Old Stone Bridge and Atlantic Self Storage Portfolio, each such mortgage loan is secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or UW NCF, among other methods.
   
(11) With respect to Mortgage Loan No. 9, Columbia Center, the occupancy includes Cambridge Consulting Group LLC (16,171 SF), which has given notice of its intention to vacate at the end of 2016. Without Cambridge Consulting Group LLC, occupancy at the Columbia Center Mortgaged Property would be 81.7%.
   
(12) With respect to Mortgage Loan No. 15, Village at Main Street, the loan sponsor of the mortgaged property provided operating statements for 2013 and 2014 that included a non-collateral building. For presentation purposes, revenue from the non-collateral building was excluded and expenses were reduced pro rata based on square footage of the non-collateral building.
   
A “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) one-half of one percent (0.5%) of the outstanding principal amount of the Loan or (b) the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Open Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (i) the Interest Rate and (ii) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable

 

A-1-15 

 

 

  publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
B “Yield Maintenance Premium” means an amount equal to the greater of: (i) one percent (1%) of the principal amount of the Loan being prepaid or (ii) the present value as of the Prepayment Date of the Calculated Payments from the Calculation Date to the Open Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only under the Loan which would be due from the Prepayment Date to the Open Prepayment Date based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (a) the Interest Rate solely with respect to the Note and (b) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. As used in this definition, the term “Calculation Date” shall mean (i) if the applicable prepayment shall be made on a Payment Date, then such Payment Date, and (ii) if the applicable prepayment shall be made on a date other than a Payment Date, then the immediately following Payment Date. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. For the avoidance of doubt, in no instance shall Borrower be required to pay any interest with respect to the Open Prepayment Date. “Yield Maintenance Treasury Rate” shall have the meaning specified in the definition of Yield Maintenance Premium.
   
C “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (x) if the prepayment occurs on or after the Lockout Expiration Date, one percent (1%) of the unpaid principal balance of the Note as of the Prepayment Date or (y) if the prepayment occurs concurrently with or after an Event of Default has occurred and is continuing, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date. “Lockout Expiration Date” shall mean the date which is the earlier to occur of (A) two (2) years after the “startup day,” within the meaning of Section 860G(a)(9) of the Code, of the final “real estate mortgage investment conduit,” established within the meaning of Section 860D of the Code, that holds any note that evidences all or any portion of the Loan or (B) three (3) years after the date hereof. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semi-annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
   
D “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and

 

A-1-16 

 

 

  including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. 
   
E “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error.
   
F “Yield Maintenance Amount” shall mean the present value of a series of payments each equal to the Payment Differential and payable on each Payment Date over the remaining original term of the Loan and, with respect to the principal balance of the Note due to be outstanding on such date, three (3) months prior to the Maturity Date, discounted at the Reinvestment Yield for the number of months remaining as of the date of such prepayment to each such Payment Date and the date which is three (3) months prior to the Maturity Date, respectively.

“Payment Differential” shall mean an amount equal to (i) the Interest Rate less the Reinvestment Yield, divided by (ii) twelve (12), and multiplied by (iii) the principal sum outstanding under the Note after application of the Monthly Payment Amount due on the Prepayment Date ( or, if notwithstanding the provisions of Section 2.4 hereof the Prepayment Date is not a Payment Date, on the Payment Date immediately prior to the Prepayment Date), provided that the Payment Differential shall in no event be less than zero.

“Reinvestment Yield” shall mean an amount equal to the lesser of (i) the yield on the U.S. Treasury issue (primary issue) with a maturity date closest to the Maturity Date, or (ii) the yield on the U.S. Treasury issue (primary issue) with a term equal to the remaining average life of the indebtedness evidenced by the Note, as determined by Lender, with each such yield being based on the bid price for such issue as published in the Wall Street Journal on the date that is fourteen (14) days prior to the Prepayment Date ( or, if such bid price is not published on that date, the next preceding date on which such bid price is so published) and converted to a monthly compounded nominal yield.”

 

A-1-17 

 

 

G “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) an amount equal to 1% of the amount prepaid (the “Minimum Premium Amount”; provided that following the occurrence and during the continuance of an Event of Default, the Minimum Premium Amount shall be equal to five percent (5%) of the amount prepaid); or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.
   
H “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the last day of the Lockout Period each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the last day of the Lockout Period, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error.
   
I “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (x) if the prepayment occurs on or after the Lockout Expiration Date, one percent (1%) of the unpaid principal balance of the Note as of the Prepayment Date or (y) if the prepayment occurs concurrently with or after an Event of Default has occurred and is continuing, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date. “Prepayment Lockout Expiration Date” shall mean the date which is the earlier to occur of (A) two (2) years after the “startup day,” within the meaning of Section 860G(a)(9) of the Code, of the final “real estate mortgage investment conduit,” established within the meaning of Section 860D of the Code, that holds any note that evidences all or any portion of the Loan or (B) three (3) years after the date hereof. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at

 

A-1-18 

 

 

  the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semi-annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
   
J “Yield Maintenance Amount” shall mean the present value of a series of payments each equal to the Payment Differential and payable on each Payment Date over the remaining original term of the Loan and, with respect to the principal balance of the Note due to be outstanding on such date, on the Maturity Date, discounted at the Reinvestment Yield for the number of months remaining as of the date of such prepayment to each such Payment Date and the Maturity Date, respectively.

“Payment Differential” shall mean an amount equal to (i) the Interest Rate less the Reinvestment Yield, divided by (ii) twelve (12), and multiplied by (iii) the principal sum outstanding under the Note after application of the Monthly Payment Amount due on the Prepayment Date ( or, if notwithstanding the provisions of Section 2.4 hereof the Prepayment Date is not a Payment Date, on the Payment Date immediately prior to the Prepayment Date), provided that the Payment Differential shall in no event be less than zero.

“Reinvestment Yield” shall mean an amount equal to the lesser of (i) the yield on the U.S. Treasury issue (primary issue) with a maturity date closest to the Maturity Date, or (ii) the yield on the U.S. Treasury issue (primary issue) with a term equal to the remaining average life of the indebtedness evidenced by the Note, as determined by Lender, with each such yield being based on the bid price for such issue as published in the Wall Street Journal on the date that is fourteen (14) days prior to the Prepayment Date ( or, if such bid price is not published on that date, the next preceding date on which such bid price is so published) and converted to a monthly compounded nominal yield.”
   
K “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) an amount equal to 2% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date, from the Maturity Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Maturity Date (or if two or more such securities have maturity dates equally close to the Maturity Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. No Prepayment Premium shall be payable during the Open Prepayment Period.

 

A-1-19