FWP 1 n799_anx1-x5.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-07
     

 

Free Writing Prospectus dated November 23, 2016
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates.  Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.  
 
The information in this file (the “File”) is an electronic copy of the information set forth in the Appendix titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus.  This File does not contain all information that is required to be included in the prospectus.  This File should be reviewed only in conjunction with the entire prospectus.  Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.  
 
The information in this File may be amended and/or supplemented prior to the time of sale.  The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.  
 
Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus.  The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
 
Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded.  Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system.

 

 

   

 

 

ANNEX A-1

 

                  Number of Property   Property   Year    Unit of      Occupancy
  Loan # Seller(1) Property Name Street Address City State Zip Code County Properties Type Subtype Year Built Renovated Units(2) Measure Occupancy %(3) Date
  1 JPMCB Hilton Hawaiian Village 2005 Kalia Road Honolulu HI 96815 Honolulu 1 Hotel Full Service 1961 2016 2,860 Rooms 94.6% 09/30/16
  2 JPMCB Fresno Fashion Fair Mall 645 East Shaw Avenue Fresno CA 93710 Fresno 1 Retail Super Regional Mall 1970 2003 536,093 Square Feet 88.2% 08/31/16
  3 JPMCB 9 West 57th Street 9 West 57th Street New York NY 10019 New York 1 Office CBD 1972   1,680,218 Square Feet 63.5% 06/01/16
  4 JPMCB Riverway 6133 North River Road, 9377 West Higgins Road, 9399 West Higgins Road and 6107 North River Road Rosemont IL 60018 Cook 1 Office Suburban 1988, 1994 2016 869,120 Square Feet 95.0% 09/30/16
  5 JPMCB Moffett Gateway 1225-1265 Crossman Avenue Sunnyvale CA 94089 Santa Clara 1 Office Suburban 2016   612,691 Square Feet 100.0% 12/01/16
  6 JPMCB Summit Mall 3265 West Market Street Fairlawn OH 44333 Summit 1 Retail Regional Mall 1965 2007 528,234 Square Feet 92.3% 07/05/16
  7 JPMCB North Hills Village 4801 McKnight Road Pittsburgh PA 15237 Allegheny 1 Retail Anchored 1956 2005 560,826 Square Feet 100.0% 10/31/16
  8 JPMCB Hotel Palomar San Diego 1047 Fifth Avenue San Diego CA 92101 San Diego 1 Hotel Full Service 2009   211 Rooms 79.7% 09/30/16
  9 LCF Redwood MHC Portfolio Various Various Various Various Various 18 Manufactured Housing Various Various Various 4,007 Pads 70.9% 07/18/16
  9.01 LCF Camp Inn 10400 Highway 27 Frostproof FL 33843 Polk 1 Manufactured Housing Recreational Vehicle Park 1972   797 Pads 77.3% 07/18/16
  9.02 LCF Town & Country Estates 4444 East Benson Highway Tucson AZ 85706 Pima 1 Manufactured Housing Manufactured Housing 1971   320 Pads 79.4% 07/18/16
  9.03 LCF St. Clements Crossing 21475 Prather Drive Lexington Park MD 20653 Saint Marys 1 Manufactured Housing Manufactured Housing 1968 2002 186 Pads 95.7% 07/18/16
  9.04 LCF Algoma 4456 13 Mile Road Northeast Rockford MI 49341 Kent 1 Manufactured Housing Manufactured Housing 1980   322 Pads 74.2% 07/18/16
  9.05 LCF Suburban Estates 46440 Kay Drive Lexington Park MD 20653 Saint Marys 1 Manufactured Housing Manufactured Housing 1970   132 Pads 97.7% 07/18/16
  9.06 LCF Colonial Acres 5374 East Deadwood Drive Portage MI 49002 Kalamazoo 1 Manufactured Housing Manufactured Housing 1965   612 Pads 45.3% 07/18/16
  9.07 LCF Twenty Nine Pines 6540 Highway 36 Boulevard North Oakdale MN 55128 Washington 1 Manufactured Housing Manufactured Housing 1975   144 Pads 90.3% 07/18/16
  9.08 LCF Evergreen Springs 229 Killingworth Turnpike Clinton CT 06413 Middlesex 1 Manufactured Housing Manufactured Housing 1935   102 Pads 96.1% 07/18/16
  9.09 LCF Avalon 16860 US Highway 19 North Clearwater FL 33764 Pinellas 1 Manufactured Housing Manufactured Housing 1984   256 Pads 64.5% 07/18/16
  9.10 LCF Lexington 20529 Poplar Ridge Road Lexington Park MD 20653 Saint Marys 1 Manufactured Housing Manufactured Housing 1980   76 Pads 89.5% 07/18/16
  9.11 LCF Colonial Manor 5500 West KL Avenue Kalamazoo MI 49009 Kalamazoo 1 Manufactured Housing Manufactured Housing 1965   195 Pads 69.2% 07/18/16
  9.12 LCF Green Acres 1810 Boston Post Road Westbrook CT 06498 Middlesex 1 Manufactured Housing Manufactured Housing 1955   64 Pads 96.9% 07/18/16
  9.13 LCF Cedar Grove 133 West Main Street & 47 North High Street Clinton CT 06413 Middlesex 1 Manufactured Housing Recreational Vehicle Park 1950   60 Pads 98.3% 07/18/16
  9.14 LCF Hunters Chase 1866 North Eastown Road Lima OH 45807 Allen 1 Manufactured Housing Manufactured Housing 1994   134 Pads 69.4% 07/18/16
  9.15 LCF Highland Bluff 155 North Ivy Street Branford CT 06405 New Haven 1 Manufactured Housing Manufactured Housing 1950   49 Pads 89.8% 07/18/16
  9.16 LCF Winter Paradise 16108 US Highway 19 Hudson FL 34667 Pasco 1 Manufactured Housing Recreational Vehicle Park 1972   290 Pads 48.6% 07/18/16
  9.17 LCF Weststar 1866 West Sego Lily Lane Tucson AZ 85705 Pima 1 Manufactured Housing Manufactured Housing 1984   90 Pads 76.7% 07/18/16
  9.18 LCF El Frontier 4233 North Flowing Wells Road Tucson AZ 85705 Pima 1 Manufactured Housing Manufactured Housing 1964   178 Pads 46.6% 07/18/16
  10 BSP 925 Common 925 Common Street New Orleans LA 70112 Orleans 1 Multifamily High Rise 1952 2016 199 Units 93.5% 11/09/16
  11 BSP International Plaza 7900 International Drive Bloomington MN 55425 Hennepin 1 Office Suburban 1984 2016 280,244 Square Feet 84.7% 08/31/16
  12 BSP Everett Plaza 1201-1505 Southeast Everett Mall Way Everett WA 98208 Snohomish 1 Retail Anchored 1986   123,913 Square Feet 82.2% 11/01/16
  13 JPMCB Bilmar Beach Resort 10650 Gulf Boulevard Treasure Island FL 33706 Pinellas 1 Hotel Full Service 1961-1974 2006 165 Rooms 80.0% 06/30/16
  14 LCF 1140 Avenue of the Americas 1140 Avenue of the Americas New York NY 10036 New York 1 Office CBD 1926 2015 247,183 Square Feet 90.8% 06/08/16
  15 JPMCB Fry 529 Retail Center 20319-20403 FM 529 Road Cypress TX 77433 Harris 1 Retail Anchored 2015   114,911 Square Feet 95.8% 08/01/16
  16 SMF VI Arroyo South Office 7150, 7250 & 7255 South Tenaya Way Las Vegas NV 89113 Clark 1 Office Suburban 2009   138,690 Square Feet 96.4% 10/20/16
  17 JPMCB PGA Financial Plaza 3399 PGA Boulevard Palm Beach Gardens FL 33410 Palm Beach 1 Office Suburban 1998   72,611 Square Feet 100.0% 09/30/16
  18 LCF 80 Park Plaza 1135-1155 Raymond Boulevard Newark NJ 07102 Essex 1 Office CBD 1979 2015 960,689 Square Feet 85.8% 07/19/16
  19 SMF VI Walgreens Pool 3 Various Various Various Various Various 6 Retail Freestanding Various   89,540 Square Feet 100.0% 12/06/16
  19.01 SMF VI Walgreens Bettendorf 3425 Middle Road Bettendorf IA 52722 Scott 1 Retail Freestanding 2000   15,120 Square Feet 100.0% 12/06/16
  19.02 SMF VI Walgreens Security 280 Main Street Security CO 80911 El Paso 1 Retail Freestanding 1999   13,905 Square Feet 100.0% 12/06/16
  19.03 SMF VI Walgreens Mason City 1251 4th Street Southwest Mason City IA 50401 Cerro Gordo 1 Retail Freestanding 2000   15,120 Square Feet 100.0% 12/06/16
  19.04 SMF VI Walgreens Fort Dodge 2503 5th Avenue South Fort Dodge IA 50501 Webster 1 Retail Freestanding 1999   15,120 Square Feet 100.0% 12/06/16
  19.05 SMF VI Walgreens Virginia Beach 801 Independence Boulevard Virginia Beach VA 23445 Virginia Beach City 1 Retail Freestanding 1998   13,895 Square Feet 100.0% 12/06/16
  19.06 SMF VI Walgreens Granite City 3732 Nameoki Road Granite City IL 62040 Madison 1 Retail Freestanding 2002   16,380 Square Feet 100.0% 12/06/16
  20 SMF VI Walgreens Pool 6 Various Various Various Various Various 6 Retail Freestanding Various   91,440 Square Feet 100.0% 12/06/16
  20.01 SMF VI Walgreens Sioux City 4650 Morningside Avenue Sioux City IA 51106 Woodbury 1 Retail Freestanding 1999   15,120 Square Feet 100.0% 12/06/16
  20.02 SMF VI Walgreens Des Moines 3140 Southeast 14th Street Des Moines IA 50320 Polk 1 Retail Freestanding 2000   15,795 Square Feet 100.0% 12/06/16
  20.03 SMF VI Walgreens Mesa 420 South Sossaman Road Mesa AZ 85208 Maricopa 1 Retail Freestanding 1999   15,120 Square Feet 100.0% 12/06/16
  20.04 SMF VI Walgreens Wichita 555 North Maize Road Wichita KS 67212 Sedgwick 1 Retail Freestanding 2000   15,120 Square Feet 100.0% 12/06/16
  20.05 SMF VI Walgreens Colorado Springs 1920 South Chelton Road Colorado Springs CO 80916 El Paso 1 Retail Freestanding 1999   13,905 Square Feet 100.0% 12/06/16
  20.06 SMF VI Walgreens Casa Grande 1514 East Florence Boulevard Casa Grande AZ 85122 Pinal 1 Retail Freestanding 1997   16,380 Square Feet 100.0% 12/06/16
  21 BSP Franklin Marketplace 12131-41 Knights Road Philadelphia PA 19154 Philadelphia 1 Retail Anchored 1989 2005 223,434 Square Feet 83.0% 08/31/16
  22 JPMCB Salesforce Tower 111 Monument Circle and 120 North Pennsylvania Street Indianapolis IN 46204 Marion 1 Office CBD 1959, 1990 1993 1,105,117 Square Feet 86.1% 07/11/16
  23 JPMCB Dick’s Sporting Goods Portfolio Various Various Various Various Various 6 Retail Various Various   264,338 Square Feet 100.0% 12/01/16
  23.01 JPMCB Dick’s Keene 42 Ash Brook Road Keene NH 03431 Cheshire 1 Retail Shadow Anchored 2005   45,471 Square Feet 100.0% 12/01/16
  23.02 JPMCB Dick’s Concord 295 Loudon Road Concord NH 03301 Merrimack 1 Retail Freestanding 2005   50,000 Square Feet 100.0% 12/01/16
  23.03 JPMCB Dick’s Wichita 4600 West Kellogg Drive Wichita KS 67209 Sedgwick 1 Retail Anchored 2003   48,780 Square Feet 100.0% 12/01/16
  23.04 JPMCB Dick’s Bloomingdale 328 West Army Trail Road Bloomingdale IL 60108 DuPage 1 Retail Shadow Anchored 2006   50,000 Square Feet 100.0% 12/01/16
  23.05 JPMCB Dick’s Fort Wayne 309 East Coliseum Boulevard Fort Wayne IN 46805 Allen 1 Retail Unanchored 2004   50,000 Square Feet 100.0% 12/01/16
  23.06 JPMCB PetSmart Concord 299 Loudon Road Concord NH 03301 Merrimack 1 Retail Freestanding 2006   20,087 Square Feet 100.0% 12/01/16
  24 LCF Tech Ridge Office Park 9726 East 42nd Street Tulsa OK 74146 Tulsa 1 Office Suburban 1979 1982 555,716 Square Feet 73.9% 11/30/16
  25 SMF VI Twelve Oaks 5500 Abercorn Street Savannah GA 31405 Chatham 1 Retail Anchored 1984 1995 105,445 Square Feet 95.9% 10/01/16
  26 SMF VI Market at Hilliard 1852 Hilliard Rome Road Hilliard OH 43026 Franklin 1 Retail Shadow Anchored 2003   115,221 Square Feet 97.5% 11/08/16
  27 JPMCB The Riviera 16457 El Camino Real Houston TX 77062 Harris 1 Multifamily Garden 1963, 1980 2016 285 Units 94.7% 10/01/16
  28 JPMCB HGI Kennesaw 895 Cobb Place Boulevard Northwest Kennesaw GA 30144 Cobb 1 Hotel Limited Service 2005   114 Rooms 76.1% 09/30/16
  29 SMF VI Buckhorn Plaza 60-76 Lunger Drive Bloomsburg PA 17815 Columbia 1 Retail Shadow Anchored 2004   86,835 Square Feet 95.3% 10/28/16
  30 JPMCB Timbergrove Heights 1600 West T C Jester Boulevard Houston TX 77008 Harris 1 Multifamily Garden 1970 2016 95 Units 94.7% 11/02/16
  31 SMF VI Home2 Suites Lubbock 6004 Marsha Sharp Freeway Lubbock TX 79407 Lubbock 1 Hotel Extended Stay 2015   100 Rooms 73.9% 08/31/16
  32 SMF VI Southwest Business Center 4325 West Tropicana Avenue & 4330-4340 South Valley View Boulevard Las Vegas NV 89103 Clark 1 Industrial Flex 1985, 1991   77,297 Square Feet 82.2% 10/24/16
  33 SMF VI Hinesville Central 755 West Oglethorpe Highway Hinesville GA 31313 Liberty 1 Retail Shadow Anchored 2000   41,800 Square Feet 100.0% 10/01/16
  34 SMF VI Presidents Industrial 7101 Presidents Drive Orlando FL 32809 Orange 1 Industrial Flex 1986   106,858 Square Feet 96.0% 10/31/16
  35 SMF VI Holiday Inn Express Salina 755 West Diamond Drive Salina KS 67401 Saline 1 Hotel Limited Service 2011   88 Rooms 72.3% 06/30/16
  36 BSP Townley Park Center Retail 124-125 Towne Center Drive & 1781 Sharkey Way Lexington KY 40511 Fayette 1 Retail Unanchored 2007, 2011   33,290 Square Feet 100.0% 09/09/16
  37 SMF VI Hebron Heights 1012 West Hebron Parkway Carrollton TX 75010 Denton 1 Retail Unanchored 2000   36,092 Square Feet 100.0% 10/19/16
  38 SMF VI West Hills Plaza 129 Bessemer Super Highway Midfield AL 35228 Jefferson 1 Retail Anchored 1966 1997 111,571 Square Feet 100.0% 10/01/16
  39 LCF Dollar General Dimmitt 101 Northwest 4th Street Dimmitt TX 79027 Castro 1 Retail Freestanding 2016   10,566 Square Feet 100.0% 12/06/16
  40 LCF Dollar General Jackson 4640 State Highway 72 Jackson MO 63755 Cape Girardeau 1 Retail Freestanding 2016   9,100 Square Feet 100.0% 12/06/16

 

A-1-1 
 

 

ANNEX A-1

 

                                             
                Original   Current           Net            
        Appraised Appraisal Current Original Balance Current   Balance % of Initial Crossed Related   Interest   Admin. Mortgage   Monthly Debt Annual Debt   First   Partial IO
  Loan # Seller(1) Property Name Value ($)(4) Date LTV %(4)(5) Balance ($)(5)(6) per Unit ($) Balance ($)(5)(6) per Unit ($) Pool Balance Loan Borrower(7) Rate %(8) Fee %(8) Rate %(8) Accrual Type Service ($)(9)(10) Service ($)(10) Note Date Payment Date Last IO Payment
  1 JPMCB Hilton Hawaiian Village 2,230,000,000 08/30/16 31.2% 94,000,000 243,566 94,000,000 243,566 9.4% No No 4.19950 0.01025 4.18925 Actual/360 333,529.73 4,002,356.81 10/24/16 12/01/16  
  2 JPMCB Fresno Fashion Fair Mall 565,000,000 08/24/16 57.5% 80,000,000 606 80,000,000 606 8.0% No No 3.58700 0.01150 3.57550 Actual/360 242,454.63 2,909,455.56 10/06/16 12/01/16  
  3 JPMCB 9 West 57th Street 3,400,000,000 07/28/16 29.8% 63,000,000 603 63,000,000 603 6.3% No No 2.85950 0.01025 2.84925 Actual/360 152,208.80 1,826,505.63 08/30/16 10/01/16  
  4 JPMCB Riverway 176,200,000 09/07/16 72.6% 63,000,000 147 63,000,000 147 6.3% No No 4.96000 0.01509 4.94491 Actual/360 336,659.18 4,039,910.16 11/02/16 01/01/17  
  5 JPMCB Moffett Gateway 525,000,000 07/20/16 46.3% 60,000,000 397 60,000,000 397 6.0% No No 3.31940 0.01509 3.30431 Actual/360 291,607.97 3,499,295.67 09/22/16 11/01/16 10/01/21
  6 JPMCB Summit Mall 205,000,000 08/08/16 41.5% 50,000,000 161 50,000,000 161 5.0% No No 3.31400 0.01509 3.29891 Actual/360 140,001.16 1,680,013.89 09/07/16 11/01/16  
  7 JPMCB North Hills Village 67,500,000 08/01/16 65.3% 44,100,000 79 44,100,000 79 4.4% No No 4.32848 0.02509 4.30339 Actual/360 208,156.68 2,497,880.17 11/04/16 01/01/17  
  8 JPMCB Hotel Palomar San Diego 80,100,000 11/01/17 47.4% 38,000,000 180,095 38,000,000 180,095 3.8% No No 4.55500 0.01509 4.53991 Actual/360 146,245.02 1,754,940.28 11/01/16 12/01/16  
  9 LCF Redwood MHC Portfolio 133,710,000 Various 71.8% 37,000,000 23,958 37,000,000 23,958 3.7% No No 4.11400 0.01150 4.10250 Actual/360 179,084.02 2,149,008.24 09/06/16 10/06/16 03/06/19
  9.01 LCF Camp Inn 20,800,000 08/04/16   5,892,250   5,892,250   0.6%                      
  9.02 LCF Town & Country Estates 13,130,000 08/03/16   3,447,938   3,447,938   0.3%                      
  9.03 LCF St. Clements Crossing 11,600,000 08/04/16   3,062,906   3,062,906   0.3%                      
  9.04 LCF Algoma 10,000,000 08/05/16   2,963,083   2,963,083   0.3%                      
  9.05 LCF Suburban Estates 10,240,000 08/04/16   2,914,135   2,914,135   0.3%                      
  9.06 LCF Colonial Acres 11,070,000 08/05/16   2,763,245   2,763,245   0.3%                      
  9.07 LCF Twenty Nine Pines 8,310,000 08/01/16   2,558,010   2,558,010   0.3%                      
  9.08 LCF Evergreen Springs 8,070,000 08/03/16   2,372,240   2,372,240   0.2%                      
  9.09 LCF Avalon 7,740,000 08/03/16   2,237,344   2,237,344   0.2%                      
  9.10 LCF Lexington 4,760,000 08/04/16   1,294,615   1,294,615   0.1%                      
  9.11 LCF Colonial Manor 5,240,000 08/05/16   1,215,026   1,215,026   0.1%                      
  9.12 LCF Green Acres 4,070,000 08/03/16   1,181,688   1,181,688   0.1%                      
  9.13 LCF Cedar Grove 3,070,000 08/03/16   946,198   946,198   0.1%                      
  9.14 LCF Hunters Chase 3,270,000 08/01/16   934,250   934,250   0.1%                      
  9.15 LCF Highland Bluff 3,200,000 08/03/16   883,760   883,760   0.1%                      
  9.16 LCF Winter Paradise 3,090,000 08/04/16   881,641   881,641   0.1%                      
  9.17 LCF Weststar 3,290,000 08/03/16   764,089   764,089   0.1%                      
  9.18 LCF El Frontier 2,760,000 08/03/16   687,583   687,583   0.1%                      
  10 BSP 925 Common 59,100,000 09/01/16 55.0% 32,500,000 163,317 32,500,000 163,317 3.3% No No 5.18000 0.01509 5.16491 Actual/360 178,059.71 2,136,716.52 11/14/16 01/06/17 12/06/17
  11 BSP International Plaza 38,950,000 09/15/16 73.2% 28,500,000 102 28,500,000 102 2.9% No No 5.09000 0.03509 5.05491 Actual/360 154,565.61 1,854,787.32 10/31/16 12/06/16 11/06/17
  12 BSP Everett Plaza 39,000,000 10/02/16 69.1% 27,000,000 218 26,964,703 218 2.7% No No 4.54000 0.01509 4.52491 Actual/360 137,447.49 1,649,369.88 11/01/16 12/06/16  
  13 JPMCB Bilmar Beach Resort 37,100,000 08/08/16 67.1% 25,000,000 151,515 24,905,313 150,941 2.5% No No 4.57100 0.01509 4.55591 Actual/360 127,728.17 1,532,738.04 09/01/16 10/01/16  
  14 LCF 1140 Avenue of the Americas 180,000,000 05/01/16 55.0% 24,000,000 401 24,000,000 401 2.4% No No 4.10900 0.01150 4.09750 Actual/360 83,321.39 999,856.68 06/15/16 08/06/16  
  15 JPMCB Fry 529 Retail Center 28,240,000 08/25/16 76.1% 21,500,000 187 21,500,000 187 2.2% No No 4.27000 0.04259 4.22741 Actual/360 106,018.96 1,272,227.52 10/17/16 12/01/16 11/01/21
  16 SMF VI Arroyo South Office 32,190,000 09/26/16 66.4% 21,400,000 154 21,371,809 154 2.1% No No 4.49800 0.06259 4.43541 Actual/360 108,405.23 1,300,862.76 10/27/16 12/06/16  
  17 JPMCB PGA Financial Plaza 30,000,000 09/08/16 69.0% 20,700,000 285 20,700,000 285 2.1% No No 3.98000 0.04259 3.93741 30/360 98,586.44 1,183,037.28 11/04/16 01/01/17 12/01/19
  18 LCF 80 Park Plaza 177,400,000 08/01/16 75.0% 20,500,000 138 20,500,000 138 2.1% No No 4.45000 0.01150 4.43850 Actual/360 103,262.35 1,239,148.20 09/30/16 11/06/16 10/06/19
  19 SMF VI Walgreens Pool 3 31,500,000 Various 64.5% 20,349,000 227 20,323,068 227 2.0% No Yes - Group 1 4.68000 0.01509 4.66491 Actual/360 105,293.13 1,263,517.56 11/01/16 12/06/16  
  19.01 SMF VI Walgreens Bettendorf 6,550,000 10/04/16   4,233,000   4,227,606   0.4%                      
  19.02 SMF VI Walgreens Security 5,900,000 10/05/16   3,802,000   3,797,155   0.4%                      
  19.03 SMF VI Walgreens Mason City 5,770,000 10/06/16   3,732,000   3,727,244   0.4%                      
  19.04 SMF VI Walgreens Fort Dodge 4,920,000 10/08/16   3,180,000   3,175,948   0.3%                      
  19.05 SMF VI Walgreens Virginia Beach 4,300,000 10/03/16   2,779,000   2,775,459   0.3%                      
  19.06 SMF VI Walgreens Granite City 4,060,000 09/27/16   2,623,000   2,619,657   0.3%                      
  20 SMF VI Walgreens Pool 6 30,750,000 Various 64.6% 19,886,000 217 19,860,658 217 2.0% No Yes - Group 1 4.68000 0.01509 4.66491 Actual/360 102,897.40 1,234,768.80 11/01/16 12/06/16  
  20.01 SMF VI Walgreens Sioux City 5,970,000 09/28/16   3,857,000   3,852,085   0.4%                      
  20.02 SMF VI Walgreens Des Moines 5,680,000 10/09/16   3,675,000   3,670,317   0.4%                      
  20.03 SMF VI Walgreens Mesa 5,400,000 10/05/16   3,503,000   3,498,536   0.4%                      
  20.04 SMF VI Walgreens Wichita 5,350,000 09/16/16   3,462,000   3,457,588   0.3%                      
  20.05 SMF VI Walgreens Colorado Springs 4,700,000 10/05/16   3,036,000   3,032,131   0.3%                      
  20.06 SMF VI Walgreens Casa Grande 3,650,000 10/05/16   2,353,000   2,350,001   0.2%                      
  21 BSP Franklin Marketplace 31,000,000 07/26/16 58.7% 18,250,000 82 18,187,741 81 1.8% No No 5.10000 0.01509 5.08491 Actual/360 99,088.33 1,189,059.96 08/19/16 10/06/16  
  22 JPMCB Salesforce Tower 181,100,000 07/21/16 59.6% 18,000,000 98 18,000,000 98 1.8% No No 4.36690 0.01150 4.35540 Actual/360 66,413.27 796,959.25 08/25/16 10/01/16  
  23 JPMCB Dick’s Sporting Goods Portfolio 43,750,000 Various 70.8% 18,000,000 117 17,976,072 117 1.8% No No 4.44800 0.01509 4.43291 Actual/360 90,648.05 1,087,776.60 10/11/16 12/01/16  
  23.01 JPMCB Dick’s Keene 11,000,000 07/20/16   4,523,226   4,517,213   0.5%                      
  23.02 JPMCB Dick’s Concord 9,200,000 07/22/16   3,785,806   3,780,774   0.4%                      
  23.03 JPMCB Dick’s Wichita 8,100,000 07/19/16   3,332,903   3,328,473   0.3%                      
  23.04 JPMCB Dick’s Bloomingdale 6,500,000 07/22/16   2,676,774   2,673,216   0.3%                      
  23.05 JPMCB Dick’s Fort Wayne 5,100,000 07/20/16   2,096,129   2,093,343   0.2%                      
  23.06 JPMCB PetSmart Concord 3,850,000 07/20/16   1,585,161   1,583,054   0.2%                      
  24 LCF Tech Ridge Office Park 25,100,000 09/29/16 70.3% 17,650,000 32 17,650,000 32 1.8% No No 5.28300 0.01509 5.26791 Actual/360 97,825.02 1,173,900.24 11/09/16 01/06/17  
  25 SMF VI Twelve Oaks 23,400,000 08/16/16 70.1% 16,400,000 156 16,400,000 156 1.6% No Yes - Group 3 4.36000 0.01509 4.34491 Actual/360 81,737.75 980,853.00 10/11/16 12/06/16 11/06/20
  26 SMF VI Market at Hilliard 22,300,000 09/26/16 71.7% 16,000,000 139 16,000,000 139 1.6% No Yes - Group 2 4.69900 0.01509 4.68391 Actual/360 82,972.43 995,669.16 11/10/16 01/06/17 12/06/17
  27 JPMCB The Riviera 20,900,000 09/27/16 74.1% 15,500,000 54,386 15,481,867 54,322 1.6% No No 5.14400 0.04509 5.09891 Actual/360 84,576.78 1,014,921.36 10/28/16 12/01/16  
  28 JPMCB HGI Kennesaw 20,500,000 10/01/16 62.1% 12,750,000 111,842 12,732,019 111,684 1.3% No No 4.12000 0.01509 4.10491 Actual/360 61,755.81 741,069.72 11/01/16 12/01/16  
  29 SMF VI Buckhorn Plaza 14,000,000 09/23/16 75.0% 10,500,000 121 10,500,000 121 1.1% No Yes - Group 2 4.34500 0.01509 4.32991 Actual/360 52,239.32 626,871.84 11/04/16 12/06/16 11/06/17
  30 JPMCB Timbergrove Heights 14,390,000 10/24/16 71.6% 10,300,000 108,421 10,300,000 108,421 1.0% No No 4.62500 0.01509 4.60991 Actual/360 52,956.37 635,476.44 11/08/16 01/01/17  
  31 SMF VI Home2 Suites Lubbock 14,000,000 06/13/16 61.2% 8,600,000 86,000 8,570,821 85,708 0.9% No No 4.69000 0.01509 4.67491 Actual/360 48,733.77 584,805.24 10/04/16 11/06/16  
  32 SMF VI Southwest Business Center 11,200,000 10/04/16 66.9% 8,300,000 107 8,288,866 107 0.8% No No 4.39800 0.01509 4.38291 Actual/360 41,553.35 498,640.20 11/01/16 12/06/16  
  33 SMF VI Hinesville Central 8,800,000 08/16/16 71.6% 6,300,000 151 6,300,000 151 0.6% No Yes - Group 3 4.36000 0.01509 4.34491 Actual/360 31,399.26 376,791.12 10/11/16 12/06/16 11/06/19
  34 SMF VI Presidents Industrial 9,200,000 09/22/16 68.5% 6,300,000 59 6,300,000 59 0.6% No No 4.42500 0.01509 4.40991 Actual/360 31,641.04 379,692.48 11/04/16 12/06/16 11/06/18
  35 SMF VI Holiday Inn Express Salina 10,800,000 07/05/16 57.3% 6,200,000 70,455 6,184,946 70,283 0.6% No No 4.67000 0.01509 4.65491 Actual/360 32,043.84 384,526.08 09/09/16 11/06/16  
  36 BSP Townley Park Center Retail 8,500,000 07/18/16 69.3% 5,900,000 177 5,886,671 177 0.6% No No 5.02000 0.01509 5.00491 Actual/360 31,744.63 380,935.56 09/29/16 11/06/16  
  37 SMF VI Hebron Heights 8,350,000 10/03/16 67.7% 5,650,000 157 5,650,000 157 0.6% No No 4.62500 0.01509 4.60991 Actual/360 29,048.88 348,586.56 10/21/16 12/06/16 11/06/18
  38 SMF VI West Hills Plaza 7,400,000 09/12/16 66.1% 4,900,000 44 4,891,087 44 0.5% No No 4.46000 0.05509 4.40491 Actual/360 27,124.66 325,495.92 11/02/16 12/06/16  
  39 LCF Dollar General Dimmitt 1,430,000 03/16/16 75.0% 1,072,500 102 1,072,500 102 0.1% No Yes - Group 4 5.35000 0.01509 5.33491 Actual/360 4,847.97 58,175.64 04/26/16 06/06/16  
  40 LCF Dollar General Jackson 1,390,000 05/27/16 75.0% 1,042,500 115 1,042,500 115 0.1% No Yes - Group 4 5.26000 0.01509 5.24491 Actual/360 4,633.09 55,597.08 11/04/16 12/06/16  

 

A-1-2 
 

 

ANNEX A-1

 

                                        HISTORICAL FINANCIALS(14)  
                                             
        Partial IO Loan Rem. Rem.     Payment Grace Period Grace Period     Final Maturity/ARD   Maturity Prepayment 2013 2013 2013 2014
  Loan # Seller(1) Property Name First P&I Payment Term Amort I/O Period Seasoning Due Date (Late Payment) (Default)(11) Maturity Date(12) ARD Loan(12) Mat Date(12) Balance ($)(5)   LTV %(4)(5) Provision (Payments)(13) Revenues ($) Total Expenses ($) NOI ($) Revenues ($)
  1 JPMCB Hilton Hawaiian Village   119 0 120 1 1 0 0 11/01/26 No   94,000,000   31.2% L(25),DeforGrtr1%orYM(88),O(7) 324,974,888 214,010,053 110,964,835 346,089,627
  2 JPMCB Fresno Fashion Fair Mall   119 0 120 1 1 5 0 11/01/26 No   80,000,000   57.5% L(25),DeforGrtr1%orYM(91),O(4) 31,587,519 6,451,070 25,136,449 32,794,192
  3 JPMCB 9 West 57th Street   117 0 120 3 1 1 0 09/01/26 No   63,000,000   29.8% L(27),Def(86),O(7) 116,748,306 55,775,327 60,972,979 127,093,163
  4 JPMCB Riverway   120 360 0 0 1 0 0 12/01/26 No   51,721,280   59.6% L(24),Def(93),O(3) 25,489,463 11,004,945 14,484,517 23,349,290
  5 JPMCB Moffett Gateway 11/01/21 124 360 60 2 1 0 0 04/01/27 No   50,971,995   39.3% L(26),Def(93),O(7)        
  6 JPMCB Summit Mall   118 0 120 2 1 0 0 10/01/26 No   50,000,000   41.5% L(26),Def(87),O(7) 15,065,656 3,761,536 11,304,120 16,182,561
  7 JPMCB North Hills Village   60 360 0 0 1 0 0 12/01/21 No   40,897,441   60.6% L(25),Grtr1%orYM(32),O(3) 6,673,871 2,037,150 4,636,721 6,991,079
  8 JPMCB Hotel Palomar San Diego   59 0 60 1 1 0 0 11/01/21 No   38,000,000   47.4% L(25),Grtr1%orYM(23),O(12) 15,235,573 13,527,066 1,708,507 14,827,817
  9 LCF Redwood MHC Portfolio 04/06/19 117 360 30 3 6 0 0 09/06/26 No   31,694,615   61.5% L(27),Def(89),O(4) 13,951,003 6,183,055 7,767,948 14,326,966
  9.01 LCF Camp Inn                       5,047,367       1,938,867 896,569 1,042,298 1,985,990
  9.02 LCF Town & Country Estates                       2,953,542       1,350,701 456,282 894,419 1,369,629
  9.03 LCF St. Clements Crossing                       2,623,720       1,166,273 574,182 592,091 1,188,509
  9.04 LCF Algoma                       2,538,210       1,071,909 464,632 607,277 1,084,173
  9.05 LCF Suburban Estates                       2,496,281       822,645 372,985 449,660 860,595
  9.06 LCF Colonial Acres                       2,367,026       1,413,465 678,119 735,346 1,459,280
  9.07 LCF Twenty Nine Pines                       2,191,220       767,029 292,725 474,304 787,042
  9.08 LCF Evergreen Springs                       2,032,087       655,334 225,151 430,183 681,745
  9.09 LCF Avalon                       1,916,534       705,166 334,290 370,876 779,753
  9.10 LCF Lexington                       1,108,981       403,862 189,801 214,061 437,782
  9.11 LCF Colonial Manor                       1,040,805       642,300 249,835 392,465 650,694
  9.12 LCF Green Acres                       1,012,247       400,831 165,530 235,301 420,658
  9.13 LCF Cedar Grove                       810,524       381,965 194,568 187,397 400,707
  9.14 LCF Hunters Chase                       800,289       394,626 161,743 232,883 383,737
  9.15 LCF Highland Bluff                       757,039       314,235 134,802 179,433 311,494
  9.16 LCF Winter Paradise                       755,223       610,671 389,534 221,137 597,295
  9.17 LCF Weststar                       654,527       359,331 103,581 255,750 364,111
  9.18 LCF El Frontier                       588,992       551,793 298,726 253,067 563,772
  10 BSP 925 Common 01/06/18 120 360 12 0 6 0 0 12/06/26 No   27,578,512   46.7% L(24),Def(93),O(3) 2,512,975 1,202,347 1,310,628 2,544,488
  11 BSP International Plaza 12/06/17 119 360 12 1 6 0 0 11/06/26 No   24,120,954   61.9% L(25),Def(91),O(4) 3,862,790 3,116,920 745,870 4,425,639
  12 BSP Everett Plaza   119 359 0 1 6 0 0 11/06/26 No   21,855,537   56.0% L(25),Def(91),O(4) 2,832,622 509,364 2,323,257 2,881,373
  13 JPMCB Bilmar Beach Resort   117 357 0 3 1 0 0 09/01/26 No   20,258,372   54.6% L(27),Def(89),O(4) 12,075,726 9,697,058 2,378,668 12,881,426
  14 LCF 1140 Avenue of the Americas   115 0 120 5 6 0 0 07/06/26 No   24,000,000   55.0% L(24),Grtr1%orYM(92),O(4) 10,726,256 5,012,714 5,713,542 16,986,338
  15 JPMCB Fry 529 Retail Center 12/01/21 119 360 60 1 1 0 0 11/01/26 No   19,600,051   69.4% L(25),Grtr1%orYM(92),O(3)        
  16 SMF VI Arroyo South Office   119 359 0 1 6 0 0 11/06/26 No   17,297,624   53.7% L(25),Grtr1%orYM(91),O(4) 1,166,082 364,061 802,021 1,990,230
  17 JPMCB PGA Financial Plaza 01/01/20 120 360 36 0 1 0 0 12/01/26 No   17,806,098   59.4% L(25),Grtr1%orYM(92),O(3) 2,285,302 792,153 1,493,148 2,521,174
  18 LCF 80 Park Plaza 11/06/19 118 360 36 2 6 0 0 10/06/26 No   17,925,039   65.6% L(26),Def(90),O(4) 19,408,125 10,541,458 8,866,667 19,688,978
  19 SMF VI Walgreens Pool 3   121 359 0 1 6 0 0 01/06/27 No   16,470,758   52.3% L(3),Grtr1%orYM(22),DeforGrtr1%orYM(91),O(6)        
  19.01 SMF VI Walgreens Bettendorf                       3,426,248              
  19.02 SMF VI Walgreens Security                       3,077,391              
  19.03 SMF VI Walgreens Mason City                       3,020,732              
  19.04 SMF VI Walgreens Fort Dodge                       2,573,935              
  19.05 SMF VI Walgreens Virginia Beach                       2,249,361              
  19.06 SMF VI Walgreens Granite City                       2,123,092              
  20 SMF VI Walgreens Pool 6   121 359 0 1 6 0 0 01/06/27 No   16,096,000   52.3% L(3),Grtr1%orYM(22),DeforGrtr1%orYM(91),O(6)        
  20.01 SMF VI Walgreens Sioux City                       3,121,908              
  20.02 SMF VI Walgreens Des Moines                       2,974,595              
  20.03 SMF VI Walgreens Mesa                       2,835,376              
  20.04 SMF VI Walgreens Wichita                       2,802,190              
  20.05 SMF VI Walgreens Colorado Springs                       2,457,380              
  20.06 SMF VI Walgreens Casa Grande                       1,904,550              
  21 BSP Franklin Marketplace   57 357 0 3 6 0 0 09/06/21 No   16,855,505   54.4% L(27),Def(29),O(4) 3,043,647 1,120,740 1,922,907 2,967,240
  22 JPMCB Salesforce Tower   117 0 120 3 1 0 0 09/01/26 No   18,000,000   59.6% L(27),Def(90),O(3) 25,645,275 13,160,861 12,484,414 27,432,454
  23 JPMCB Dick’s Sporting Goods Portfolio   119 359 0 1 1 0 0 11/01/26 No   14,524,382   57.2% L(25),Def(91),O(4) 4,697,103 1,560,301 3,136,802 4,825,210
  23.01 JPMCB Dick’s Keene                       3,649,837       903,752 175,911 727,841 816,444
  23.02 JPMCB Dick’s Concord                       3,054,806       786,600 194,689 591,911 794,147
  23.03 JPMCB Dick’s Wichita                       2,689,353       699,550 98,050 601,500 702,152
  23.04 JPMCB Dick’s Bloomingdale                       2,159,916       1,236,368 687,606 548,762 1,419,980
  23.05 JPMCB Dick’s Fort Wayne                       1,691,388       791,542 381,123 410,419 800,088
  23.06 JPMCB PetSmart Concord                       1,279,083       279,290 22,921 256,368 292,399
  24 LCF Tech Ridge Office Park   60 360 0 0 6 0 0 12/06/21 No   16,345,711   65.1% L(24),Def(33),O(3) 4,746,124 2,732,285 2,013,840 5,078,649
  25 SMF VI Twelve Oaks 12/06/20 119 360 48 1 6 0 0 11/06/26 No   14,647,119   62.6% L(25),DeforGrtr1%orYM(90),O(5) 2,057,014 637,743 1,419,271 2,180,759
  26 SMF VI Market at Hilliard 01/06/18 120 360 12 0 6 0 0 12/06/26 No   13,388,275   60.0% L(24),Def(92),O(4) 2,309,144 735,039 1,574,105 2,323,313
  27 JPMCB The Riviera   59 359 0 1 1 0 0 11/01/21 No   14,324,897   68.5% L(25),Grtr1%orYM(32),O(3) 1,907,434 1,082,448 824,986 2,312,559
  28 JPMCB HGI Kennesaw   119 359 0 1 1 0 0 11/01/26 No   10,170,369   49.6% L(25),Def(92),O(3) 4,271,808 2,964,149 1,307,659 4,586,953
  29 SMF VI Buckhorn Plaza 12/06/17 119 360 12 1 6 0 0 11/06/26 No   8,691,540   62.1% L(25),Def(91),O(4) 1,354,462 400,346 954,116 1,161,320
  30 JPMCB Timbergrove Heights   120 360 0 0 1 0 0 12/01/26 No   8,362,092   58.1% L(25),Grtr1%orYM(92),O(3)        
  31 SMF VI Home2 Suites Lubbock   118 298 0 2 6 0 0 10/06/26 No   6,356,276   45.4% L(26),Def(90),O(4)        
  32 SMF VI Southwest Business Center   119 359 0 1 6 0 0 11/06/26 No   6,685,778   52.6% L(25),Def(91),O(4) 842,794 191,837 650,957 920,731
  33 SMF VI Hinesville Central 12/06/19 119 360 36 1 6 0 0 11/06/26 No   5,496,886   62.5% L(25),DeforGrtr1%orYM(90),O(5) 740,230 136,312 603,918 756,301
  34 SMF VI Presidents Industrial 12/06/18 119 360 24 1 6 0 0 11/06/26 No   5,369,638   58.4% L(25),Def(91),O(4)       859,748
  35 SMF VI Holiday Inn Express Salina   118 358 0 2 6 0 0 10/06/26 No   5,041,250   46.7% L(26),Def(90),O(4) 2,276,235 1,363,500 912,736 2,872,004
  36 BSP Townley Park Center Retail   118 358 0 2 6 0 0 10/06/26 No   4,853,338   57.1% L(26),Def(90),O(4) 650,485 154,939 495,546 645,596
  37 SMF VI Hebron Heights 12/06/18 119 360 24 1 6 0 0 11/06/26 No   4,841,391   58.0% L(25),Def(91),O(4)       430,295
  38 SMF VI West Hills Plaza   119 299 0 1 6 0 0 11/06/26 No   3,590,089   48.5% L(25),Def(91),O(4) 713,297 236,136 477,161 836,027
  39 LCF Dollar General Dimmitt   113 0 120 7 6 0 0 05/06/26 Yes 05/06/31 1,072,500   75.0% YM(31),DeforYM(82),O(7)        
  40 LCF Dollar General Jackson   119 0 120 1 6 0 0 11/06/26 Yes 11/06/31 1,042,500   75.0% YM(25),DeforYM(88),O(7)        

 

A-1-3 
 

 

ANNEX A-1

 

        HISTORICAL FINANCIALS(14)                    
                          UW                  
        2014 2014 2015 2015 2015 Most Recent Most Recent Most Recent   Economic UW UW Total UW UW Capital UW UW UW NCF UW NOI UW NCF
  Loan # Seller(1) Property Name Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) As of Occupancy % Revenues ($)(3) Expenses ($) NOI ($)(3)(15) Items ($) NCF ($)(3)(15) NOI DSCR(16) DSCR(16) Debt Yield % Debt Yield %
  1 JPMCB Hilton Hawaiian Village 226,228,808 119,860,819 366,791,222 238,053,500 128,737,723 376,987,438 245,094,318 131,893,120 09/30/16 94.6% 374,437,742 241,850,768 132,586,975 0 132,586,975 4.47 4.47 19.0% 19.0%
  2 JPMCB Fresno Fashion Fair Mall 6,442,883 26,351,309 33,828,408 5,653,406 28,175,002 33,789,630 5,728,731 28,060,898 06/30/16 89.6% 32,392,463 6,099,950 26,292,513 993,289 25,299,223 2.22 2.14 8.1% 7.8%
  3 JPMCB 9 West 57th Street 59,405,953 67,687,210 148,729,532 63,564,960 85,164,572 161,485,907 64,471,574 97,014,333 06/30/16 66.9% 166,714,099 58,877,243 107,836,855 738,788 107,098,067 3.67 3.64 10.6% 10.6%
  4 JPMCB Riverway 11,652,689 11,696,602 24,694,712 12,493,997 12,200,715 24,766,779 12,494,418 12,272,361 08/31/16 90.0% 25,871,039 12,713,001 13,158,038 1,479,065 11,678,973 1.60 1.42 10.3% 9.1%
  5 JPMCB Moffett Gateway                   95.0% 35,097,235 6,170,971 28,926,265 1,294,985 27,631,280 2.04 1.95 11.9% 11.4%
  6 JPMCB Summit Mall 3,902,553 12,280,008 16,012,933 3,778,460 12,234,473 16,529,626 3,769,744 12,759,882 07/31/16 92.7% 17,294,164 3,863,136 13,431,028 586,095 12,844,933 4.70 4.50 15.8% 15.1%
  7 JPMCB North Hills Village 2,062,674 4,928,405 6,888,768 2,113,906 4,774,862 6,821,779 2,090,103 4,731,676 07/31/16 95.4% 6,558,084 2,085,761 4,472,323 367,441 4,104,882 1.79 1.64 10.1% 9.3%
  8 JPMCB Hotel Palomar San Diego 12,374,105 2,453,712 16,011,717 12,756,695 3,255,022 18,291,616 13,605,001 4,686,615 09/30/16 79.7% 18,242,594 13,758,957 4,483,638 0 4,483,638 2.55 2.55 11.8% 11.8%
  9 LCF Redwood MHC Portfolio 6,729,350 7,597,616 14,732,697 6,891,031 7,841,666 14,797,750 6,937,347 7,860,403 06/30/16 69.4% 14,797,750 6,919,649 7,878,101 200,350 7,677,751 1.41 1.38 8.2% 8.0%
  9.01 LCF Camp Inn 947,616 1,038,374 2,073,530 950,180 1,123,350 2,127,516 945,009 1,182,507 06/30/16 67.7% 2,127,516 942,319 1,185,197 39,850 1,145,347        
  9.02 LCF Town & Country Estates 468,756 900,873 1,357,719 441,877 915,842 1,346,530 466,818 879,712 06/30/16 77.2% 1,346,530 470,104 876,426 16,000 860,426        
  9.03 LCF St. Clements Crossing 615,388 573,121 1,239,443 637,710 601,733 1,246,021 621,007 625,014 06/30/16 95.5% 1,246,021 623,026 622,995 9,300 613,695        
  9.04 LCF Algoma 499,353 584,820 1,113,471 511,658 601,813 1,137,131 524,263 612,868 06/30/16 71.6% 1,137,131 520,834 616,297 16,100 600,197        
  9.05 LCF Suburban Estates 387,380 473,215 910,316 401,724 508,592 925,037 380,367 544,670 06/30/16 97.6% 925,037 379,405 545,632 6,600 539,032        
  9.06 LCF Colonial Acres 775,781 683,499 1,399,296 681,748 717,548 1,359,004 699,298 659,706 06/30/16 44.2% 1,359,004 693,437 665,567 30,600 634,967        
  9.07 LCF Twenty Nine Pines 343,267 443,775 803,598 354,270 449,328 819,465 336,431 483,034 06/30/16 86.1% 819,465 341,807 477,658 7,200 470,458        
  9.08 LCF Evergreen Springs 221,929 459,816 695,926 232,272 463,654 710,334 232,723 477,611 06/30/16 94.5% 710,334 247,894 462,440 5,100 457,340        
  9.09 LCF Avalon 370,461 409,292 937,244 410,434 526,810 893,823 419,102 474,721 06/30/16 64.0% 893,823 409,023 484,800 12,800 472,000        
  9.10 LCF Lexington 215,696 222,086 480,561 230,588 249,973 484,600 222,322 262,278 06/30/16 89.4% 484,600 220,870 263,730 3,800 259,930        
  9.11 LCF Colonial Manor 270,018 380,676 645,233 324,281 320,952 637,363 329,802 307,561 06/30/16 68.0% 637,363 326,876 310,487 9,750 300,737        
  9.12 LCF Green Acres 177,689 242,969 405,103 186,349 218,754 412,271 181,649 230,622 06/30/16 89.6% 412,271 179,047 233,224 3,200 230,024        
  9.13 LCF Cedar Grove 224,137 176,570 419,791 236,595 183,196 425,225 237,139 188,086 06/30/16 95.2% 425,225 243,347 181,878 3,000 178,878        
  9.14 LCF Hunters Chase 181,878 201,859 384,885 196,927 187,958 392,255 194,423 197,832 06/30/16 67.6% 392,255 191,116 201,139 6,700 194,439        
  9.15 LCF Highland Bluff 155,165 156,329 326,662 154,136 172,526 332,207 159,543 172,664 06/30/16 90.1% 332,207 156,700 175,507 2,450 173,057        
  9.16 LCF Winter Paradise 400,008 197,287 618,538 422,398 196,140 626,021 432,092 193,929 06/30/16 43.9% 626,021 424,378 201,643 14,500 187,143        
  9.17 LCF Weststar 116,072 248,039 351,951 130,069 221,882 360,948 146,396 214,552 06/30/16 77.1% 360,948 144,614 216,334 4,500 211,834        
  9.18 LCF El Frontier 358,755 205,017 569,430 387,817 181,613 561,999 408,964 153,035 06/30/16 44.9% 561,999 404,853 157,146 8,900 148,246        
  10 BSP 925 Common 1,285,218 1,259,270 2,412,958 1,254,152 1,158,806 3,034,537 1,496,664 1,537,873 09/30/16 93.3% 4,308,713 1,613,998 2,694,714 60,180 2,634,534 1.26 1.23 8.3% 8.1%
  11 BSP International Plaza 3,063,855 1,361,784 5,496,543 3,242,407 2,254,136 5,980,744 3,304,691 2,676,053 08/31/16 84.6% 6,327,150 3,473,284 2,853,866 406,355 2,447,512 1.54 1.32 10.0% 8.6%
  12 BSP Everett Plaza 524,273 2,357,101 2,782,152 532,606 2,249,545 2,684,514 501,530 2,182,984 09/30/16 87.7% 2,918,021 542,053 2,375,969 141,962 2,234,007 1.44 1.35 8.8% 8.3%
  13 JPMCB Bilmar Beach Resort 10,269,001 2,612,425 14,349,324 11,164,047 3,185,277 14,713,077 11,352,707 3,360,370 06/30/16 80.0% 14,672,894 11,437,129 3,235,765 0 3,235,765 2.11 2.11 13.0% 13.0%
  14 LCF 1140 Avenue of the Americas 6,117,554 10,868,784 19,585,299 6,573,373 13,011,926 20,197,064 6,249,017 13,948,046 03/31/16 90.5% 20,833,881 11,323,332 9,510,549 617,480 8,893,069 2.31 2.16 9.6% 9.0%
  15 JPMCB Fry 529 Retail Center           2,032,747 748,463 1,284,284 07/31/16 95.0% 2,648,640 865,707 1,782,933 111,020 1,671,913 1.40 1.31 8.3% 7.8%
  16 SMF VI Arroyo South Office 431,932 1,558,298 2,251,366 426,848 1,824,518 2,560,025 438,306 2,121,719 08/31/16 91.3% 2,725,909 400,949 2,324,959 166,428 2,158,531 1.79 1.66 10.9% 10.1%
  17 JPMCB PGA Financial Plaza 825,900 1,695,274 2,729,051 878,620 1,850,431 2,796,036 885,889 1,910,147 07/31/16 95.0% 2,752,054 855,576 1,896,478 137,040 1,759,438 1.60 1.49 9.2% 8.5%
  18 LCF 80 Park Plaza 10,732,485 8,956,493 20,185,467 10,771,904 9,413,563 21,155,781 11,508,439 9,647,342 05/31/16 85.5% 24,135,155 11,627,672 12,507,483 308,469 12,199,014 1.56 1.52 9.4% 9.2%
  19 SMF VI Walgreens Pool 3                   98.0% 1,619,694 16,197 1,603,497 0 1,603,497 1.27 1.27 7.9% 7.9%
  19.01 SMF VI Walgreens Bettendorf                   98.0% 336,930 3,369 333,561 0 333,561        
  19.02 SMF VI Walgreens Security                   98.0% 302,637 3,026 299,610 0 299,610        
  19.03 SMF VI Walgreens Mason City                   98.0% 297,088 2,971 294,117 0 294,117        
  19.04 SMF VI Walgreens Fort Dodge                   98.0% 253,055 2,531 250,524 0 250,524        
  19.05 SMF VI Walgreens Virginia Beach                   98.0% 221,138 2,211 218,927 0 218,927        
  19.06 SMF VI Walgreens Granite City                   98.0% 208,847 2,088 206,758 0 206,758        
  20 SMF VI Walgreens Pool 6                   98.0% 1,582,736 15,827 1,566,909 0 1,566,909 1.27 1.27 7.9% 7.9%
  20.01 SMF VI Walgreens Sioux City                   98.0% 307,041 3,070 303,970 0 303,970        
  20.02 SMF VI Walgreens Des Moines                   98.0% 292,461 2,925 289,537 0 289,537        
  20.03 SMF VI Walgreens Mesa                   98.0% 278,818 2,788 276,030 0 276,030        
  20.04 SMF VI Walgreens Wichita                   98.0% 275,502 2,755 272,747 0 272,747        
  20.05 SMF VI Walgreens Colorado Springs                   98.0% 241,692 2,417 239,275 0 239,275        
  20.06 SMF VI Walgreens Casa Grande                   98.0% 187,223 1,872 185,351 0 185,351        
  21 BSP Franklin Marketplace 1,168,538 1,798,702 3,071,420 1,174,116 1,897,305 3,106,157 1,172,947 1,933,210 05/31/16 83.7% 3,110,741 1,187,051 1,923,690 134,934 1,788,756 1.62 1.50 10.6% 9.8%
  22 JPMCB Salesforce Tower 13,705,299 13,727,155 25,195,298 13,380,191 11,815,107 25,515,651 13,700,975 11,814,676 06/30/16 85.1% 27,585,123 13,874,433 13,710,690 1,878,699 11,831,991 2.87 2.47 12.7% 11.0%
  23 JPMCB Dick’s Sporting Goods Portfolio 1,701,014 3,124,197 4,846,626 1,685,546 3,161,080 4,708,645 1,488,305 3,220,340 06/30/16 95.0% 4,784,906 1,854,800 2,930,105 300,874 2,629,231 1.56 1.40 9.5% 8.5%
  23.01 JPMCB Dick’s Keene 89,965 726,479 830,411 95,398 735,013 851,251 93,164 758,087 06/30/16 95.0% 829,418 119,147 710,271 50,018 660,253        
  23.02 JPMCB Dick’s Concord 228,357 565,791 781,425 203,318 578,107 862,311 245,205 617,106 06/30/16 95.0% 798,471 231,430 567,041 56,500 510,541        
  23.03 JPMCB Dick’s Wichita 94,456 607,696 702,203 94,338 607,865 655,991 47,646 608,345 06/30/16 95.0% 671,483 113,998 557,485 53,658 503,827        
  23.04 JPMCB Dick’s Bloomingdale 871,107 548,873 1,417,694 869,611 548,083 1,173,014 620,274 552,740 06/30/16 95.0% 1,409,875 941,876 467,999 55,000 412,999        
  23.05 JPMCB Dick’s Fort Wayne 381,215 418,873 826,805 391,169 435,636 819,653 383,508 436,145 06/30/16 95.0% 786,144 409,898 376,246 63,000 313,246        
  23.06 JPMCB PetSmart Concord 35,914 256,485 288,088 31,712 256,376 346,425 98,508 247,917 06/30/16 95.0% 289,515 38,450 251,064 22,698 228,366        
  24 LCF Tech Ridge Office Park 2,809,953 2,268,696 5,317,789 2,888,658 2,429,131 5,224,246 2,874,577 2,349,669 08/31/16 71.3% 4,967,099 2,898,551 2,068,548 476,699 1,591,849 1.76 1.36 11.7% 9.0%
  25 SMF VI Twelve Oaks 645,481 1,535,278 2,284,551 687,738 1,596,813 2,323,341 702,049 1,621,292 08/31/16 95.0% 2,219,360 728,760 1,490,600 78,029 1,412,571 1.52 1.44 9.1% 8.6%
  26 SMF VI Market at Hilliard 677,480 1,645,833 2,325,111 656,605 1,668,506 2,293,703 597,731 1,695,972 07/31/16 95.0% 2,239,634 607,788 1,631,845 82,560 1,549,286 1.64 1.56 10.2% 9.7%
  27 JPMCB The Riviera 1,107,038 1,205,521 2,360,319 1,180,517 1,179,802 2,470,892 1,281,116 1,189,776 08/31/16 87.8% 2,728,784 1,199,953 1,528,830 71,250 1,457,580 1.51 1.44 9.9% 9.4%
  28 JPMCB HGI Kennesaw 3,044,672 1,542,281 5,008,628 3,024,740 1,983,888 5,099,599 3,124,510 1,975,089 09/30/16 76.1% 5,085,835 3,112,882 1,972,953 0 1,972,953 2.66 2.66 15.5% 15.5%
  29 SMF VI Buckhorn Plaza 395,142 766,178 1,331,943 418,225 913,718 1,460,521 386,633 1,073,888 08/31/16 94.5% 1,427,157 396,164 1,030,994 86,616 944,377 1.64 1.51 9.8% 9.0%
  30 JPMCB Timbergrove Heights                   92.7% 1,260,534 450,457 810,077 19,000 791,077 1.27 1.24 7.9% 7.7%
  31 SMF VI Home2 Suites Lubbock           3,250,415 1,678,607 1,571,808 08/31/16 73.9% 3,250,415 1,975,067 1,275,348 0 1,275,348 2.18 2.18 14.9% 14.9%
  32 SMF VI Southwest Business Center 229,593 691,137 972,279 173,274 799,005 1,081,960 183,604 898,356 09/30/16 84.5% 951,343 194,650 756,692 50,398 706,295 1.52 1.42 10.1% 9.4%
  33 SMF VI Hinesville Central 150,131 606,170 805,228 161,014 644,213 865,223 169,209 696,014 08/31/16 95.0% 812,707 163,339 649,369 41,800 607,569 1.72 1.61 10.3% 9.6%
  34 SMF VI Presidents Industrial 187,420 672,328 852,403 215,643 636,760 861,409 215,454 645,956 08/31/16 94.2% 923,901 232,109 691,793 70,245 621,548 1.82 1.64 11.0% 9.9%
  35 SMF VI Holiday Inn Express Salina 1,544,951 1,327,052 2,711,735 1,715,021 996,714 2,550,862 1,545,194 1,005,668 06/30/16 72.3% 2,550,862 1,697,693 853,169 0 853,169 2.22 2.22 13.8% 13.8%
  36 BSP Townley Park Center Retail 165,356 480,240 743,272 175,692 567,580 787,954 162,645 625,309 08/31/16 92.5% 767,889 175,692 592,197 39,948 552,249 1.55 1.45 10.1% 9.4%
  37 SMF VI Hebron Heights 162,518 267,776 485,235 186,140 299,095         94.4% 742,978 219,610 523,368 25,264 498,104 1.50 1.43 9.3% 8.8%
  38 SMF VI West Hills Plaza 285,664 550,363 819,904 253,803 566,101 855,292 288,536 566,756 08/31/16 90.6% 847,881 292,530 555,351 78,100 477,252 1.71 1.47 11.4% 9.8%
  39 LCF Dollar General Dimmitt                   95.0% 92,985 2,790 90,196 1,585 88,611 1.55 1.52 8.4% 8.3%
  40 LCF Dollar General Jackson                   95.0% 90,149 2,704 87,445 1,365 86,080 1.57 1.55 8.4% 8.3%

 

A-1-4 
 

 

ANNEX A-1

 

                  UPFRONT ESCROW(18)
                                   
          Ground Lease Ground Lease     Upfront Capex Upfront Engin. Upfront Envir. Upfront TI/LC Upfront RE Tax Upfront Ins. Upfront Debt Service Upfront Other Other Upfront
  Loan # Seller(1) Property Name Title Type(17) Expiration Extension Terms PML %   Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)
  1 JPMCB Hilton Hawaiian Village Fee/Leasehold 07/31/35 None     0 0 0 0 0 0 0 0  
  2 JPMCB Fresno Fashion Fair Mall Fee     7%   0 0 0 0 0 0 0 0  
  3 JPMCB 9 West 57th Street Fee/Leasehold 05/22/98 None     0 287,500 0 25,000,000 9,417,640 264,333 0 29,524,018 Free Rent Reserve: 16,462,227.63; Outstanding TI/LC Reserve: 13,061,789.91
  4 JPMCB Riverway Fee         14,485 81,825 0 108,640 360,173 0 0 7,256,297 Outstanding TI/LC Reserve: 6,984,788; Free Rent Reserve: 271,509
  5 JPMCB Moffett Gateway Fee     15%   0 0 0 0 180,864 0 0 86,961,915 Outstanding TI/LC Reserve: 49,386,882; Free Rent Reserve: 37,575,033
  6 JPMCB Summit Mall Fee         0 0 0 0 0 0 0 0  
  7 JPMCB North Hills Village Fee/Leasehold 09/30/46 None     0 0 802,000 2,600,000 350,579 33,166 0 491,997 Outstanding TI/LC Reserve: 372,000; Free Rent Reserve: 71,997.32; Over Lease Reserve: 48,000
  8 JPMCB Hotel Palomar San Diego Fee     8%   0 0 0 0 0 0 0 1,641,974 Renovation Reserve
  9 LCF Redwood MHC Portfolio Fee         0 1,000,000 42,000 0 303,973 0 0 1,900,000 Manufactured Home Setup Reserve: 1,000,000; Michigan Capex Reserve: 900,000
  9.01 LCF Camp Inn Fee                          
  9.02 LCF Town & Country Estates Fee                          
  9.03 LCF St. Clements Crossing Fee                          
  9.04 LCF Algoma Fee                          
  9.05 LCF Suburban Estates Fee                          
  9.06 LCF Colonial Acres Fee                          
  9.07 LCF Twenty Nine Pines Fee                          
  9.08 LCF Evergreen Springs Fee                          
  9.09 LCF Avalon Fee                          
  9.10 LCF Lexington Fee                          
  9.11 LCF Colonial Manor Fee                          
  9.12 LCF Green Acres Fee                          
  9.13 LCF Cedar Grove Fee                          
  9.14 LCF Hunters Chase Fee                          
  9.15 LCF Highland Bluff Fee                          
  9.16 LCF Winter Paradise Fee                          
  9.17 LCF Weststar Fee                          
  9.18 LCF El Frontier Fee                          
  10 BSP 925 Common Leasehold 09/30/49 None     0 0 0 0 225,385 191,265 0 822,499 Unfunded Obligations Reserve: 700,000; Free Rent Reserve: 87,148.66; Ground Lease Reserve: 35,350.52
  11 BSP International Plaza Fee         0 0 0 162,980 105,668 0 0 793,939 Outstanding TI/LC Reserve: 574,620; Free Rent Reserve: 219,318.55
  12 BSP Everett Plaza Fee     10%   0 10,000 0 150,000 43,031 19,787 0 0  
  13 JPMCB Bilmar Beach Resort Fee         0 0 0 0 264,482 0 0 2,500,000 Capital Improvements Reserve
  14 LCF 1140 Avenue of the Americas Leasehold 12/31/66 None     0 0 0 961,116 342,123 0 0 828,282 Free Rent Reserve: 712,266.25; Ground Rent Reserve: 116,016
  15 JPMCB Fry 529 Retail Center Fee         1,917 0 0 4,167 456,713 6,042 0 388,954 Outstanding TI/LC: 338,153.66; Rent Reserve: 50,800
  16 SMF VI Arroyo South Office Leasehold 01/15/57 None     0 1,250 0 0 25,390 0 0 0  
  17 JPMCB PGA Financial Plaza Fee         1,436 0 0 10,000 47,447 0 0 499,545 Outstanding TI/LC Reserve
  18 LCF 80 Park Plaza Fee         4,500,000 0 0 1,500,000 906,128 35,304 0 1,422,745 Unfunded TI/LC Reserve
  19 SMF VI Walgreens Pool 3 Fee         0 0 0 0 0 0 0 0  
  19.01 SMF VI Walgreens Bettendorf Fee                          
  19.02 SMF VI Walgreens Security Fee                          
  19.03 SMF VI Walgreens Mason City Fee                          
  19.04 SMF VI Walgreens Fort Dodge Fee                          
  19.05 SMF VI Walgreens Virginia Beach Fee                          
  19.06 SMF VI Walgreens Granite City Fee                          
  20 SMF VI Walgreens Pool 6 Fee         0 0 0 0 0 0 0 0  
  20.01 SMF VI Walgreens Sioux City Fee                          
  20.02 SMF VI Walgreens Des Moines Fee                          
  20.03 SMF VI Walgreens Mesa Fee                          
  20.04 SMF VI Walgreens Wichita Fee                          
  20.05 SMF VI Walgreens Colorado Springs Fee                          
  20.06 SMF VI Walgreens Casa Grande Fee                          
  21 BSP Franklin Marketplace Fee         0 34,141 0 635,000 199,244 17,444 0 350,000 Brightwood Reserve: 250,000; Free Rent Reserve: 100,000
  22 JPMCB Salesforce Tower Fee         4,250,420 0 0 138,140 2,338,627 0 0 28,978,312 Outstanding TI/LC Reserve: 20,896,672; Free Rent Reserve: 8,081,640
  23 JPMCB Dick’s Sporting Goods Portfolio Fee/Leasehold         1,696 0 0 22,028 22,218 0 0 0  
  23.01 JPMCB Dick’s Keene Fee                          
  23.02 JPMCB Dick’s Concord Fee                          
  23.03 JPMCB Dick’s Wichita Fee                          
  23.04 JPMCB Dick’s Bloomingdale Leasehold 01/31/27 Four, five-year options                      
  23.05 JPMCB Dick’s Fort Wayne Leasehold 01/31/50 One, five-year option                      
  23.06 JPMCB PetSmart Concord Fee                          
  24 LCF Tech Ridge Office Park Fee         200,000 71,945 0 416,596 373,705 55,061 0 45,755 Rent Concession Reserve
  25 SMF VI Twelve Oaks Fee         0 0 0 275,000 22,539 45,188 0 358,800 Publix Roof Reserve: 258,800; Suga Rossa Reserve:100,000
  26 SMF VI Market at Hilliard Fee         0 65,625 0 300,000 182,558 0 0 0  
  27 JPMCB The Riviera Fee         5,938 78,375 0 0 148,657 0 0 0  
  28 JPMCB HGI Kennesaw Fee         17,000 0 0 0 23,137 0 0 0  
  29 SMF VI Buckhorn Plaza Fee         0 0 0 0 71,389 0 0 75,000 Panera Bread Reserve
  30 JPMCB Timbergrove Heights Fee         1,584 0 0 0 0 0 0 500,000 Occupancy Reserve
  31 SMF VI Home2 Suites Lubbock Fee         0 0 0 0 162,066 35,102 0 0  
  32 SMF VI Southwest Business Center Fee         0 38,188 0 200,000 0 15,619 0 800,000 Performance Reserve
  33 SMF VI Hinesville Central Fee         0 0 0 250,000 68,149 24,366 0 0  
  34 SMF VI Presidents Industrial Fee         0 343,088 0 0 6,977 17,230 0 0  
  35 SMF VI Holiday Inn Express Salina Fee         0 0 0 0 75,033 0 0 0  
  36 BSP Townley Park Center Retail Fee         0 0 0 100,000 45,662 8,165 0 0  
  37 SMF VI Hebron Heights Fee         0 0 0 25,000 0 13,686 0 107,500 BurgerFi Reserve: 67,500; Tropical Smoothie Reserve: 35,000; TCEQ IOP Reserve: 5,000
  38 SMF VI West Hills Plaza Fee         0 0 0 330,000 10,831 17,783 0 41,893 Cato TI Reserve: 28,000; Spark Wireless Free Rent Reserve: 13,893
  39 LCF Dollar General Dimmitt Fee         0 0 0 0 17,962 0 0 0  
  40 LCF Dollar General Jackson Fee     7%   0 0 0 0 4,000 0 0 0  

 

A-1-5 
 

 

ANNEX A-1

 

          MONTHLY ESCROW(19)   RESERVE CAPS(20)
                                       
          Monthly Capex Monthly Envir. Monthly TI/LC Monthly RE Tax Monthly Ins. Monthly Other Other Monthly   CapEx Envir. TI/LC RE Tax Insur. Debt Service Other
  Loan # Seller(1) Property Name   Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)   Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($) Reserve Cap ($)
  1 JPMCB Hilton Hawaiian Village   Springing 0 0 Springing Springing 0                  
  2 JPMCB Fresno Fashion Fair Mall   Springing 0 Springing Springing Springing 0     184,080   1,112,820        
  3 JPMCB 9 West 57th Street   61,615 0 Springing 3,139,213 88,111 0     2,500,000   25,000,000        
  4 JPMCB Riverway   14,485 0 108,640 895,380 Springing 0     869,100            
  5 JPMCB Moffett Gateway   0 0 0 180,864 Springing 0                  
  6 JPMCB Summit Mall   Springing 0 Springing Springing Springing 0                  
  7 JPMCB North Hills Village   7,010 0 Springing 129,854 4,738 Springing Over Lease Reserve                
  8 JPMCB Hotel Palomar San Diego   4% of Gross Revenues 0 0 Springing Springing Springing PIP Reserve                
  9 LCF Redwood MHC Portfolio   16,757 0 0 101,324 Springing 0     804,340            
  9.01 LCF Camp Inn                                
  9.02 LCF Town & Country Estates                                
  9.03 LCF St. Clements Crossing                                
  9.04 LCF Algoma                                
  9.05 LCF Suburban Estates                                
  9.06 LCF Colonial Acres                                
  9.07 LCF Twenty Nine Pines                                
  9.08 LCF Evergreen Springs                                
  9.09 LCF Avalon                                
  9.10 LCF Lexington                                
  9.11 LCF Colonial Manor                                
  9.12 LCF Green Acres                                
  9.13 LCF Cedar Grove                                
  9.14 LCF Hunters Chase                                
  9.15 LCF Highland Bluff                                
  9.16 LCF Winter Paradise                                
  9.17 LCF Weststar                                
  9.18 LCF El Frontier                                
  10 BSP 925 Common   4,146 0 869 18,782 21,252 17,675 Ground Lease Reserve                
  11 BSP International Plaza   4,671 0 40,869 105,668 Springing 0                  
  12 BSP Everett Plaza   2,012 0 11,068 21,516 Springing 0                  
  13 JPMCB Bilmar Beach Resort   4% of Gross Revenues 0 0 24,044 39,713 Springing PIP Reserve; Condominium Assessments Reserve                
  14 LCF 1140 Avenue of the Americas   Springing 0 Springing 171,061 Springing 29,004 Ground Rent Reserve                
  15 JPMCB Fry 529 Retail Center   1,917 0 4,167 37,410 6,042 0                  
  16 SMF VI Arroyo South Office   2,312 0 11,558 8,463 Springing Springing Ground Lease Reserve; Major Tenant Reserve   83,214   375,000        
  17 JPMCB PGA Financial Plaza   1,436 0 10,000 23,804 Springing 0     100,000   480,000        
  18 LCF 80 Park Plaza   16,012 0 40,029 302,043 17,652 0     1,000,000   1,000,000        
  19 SMF VI Walgreens Pool 3   Springing 0 0 Springing Springing Springing Walgreens Lease Reserve                
  19.01 SMF VI Walgreens Bettendorf                                
  19.02 SMF VI Walgreens Security                                
  19.03 SMF VI Walgreens Mason City                                
  19.04 SMF VI Walgreens Fort Dodge                                
  19.05 SMF VI Walgreens Virginia Beach                                
  19.06 SMF VI Walgreens Granite City                                
  20 SMF VI Walgreens Pool 6   Springing 0 0 Springing Springing Springing Walgreens Lease Reserve                
  20.01 SMF VI Walgreens Sioux City                                
  20.02 SMF VI Walgreens Des Moines                                
  20.03 SMF VI Walgreens Mesa                                
  20.04 SMF VI Walgreens Wichita                                
  20.05 SMF VI Walgreens Colorado Springs                                
  20.06 SMF VI Walgreens Casa Grande                                
  21 BSP Franklin Marketplace   2,793 0 15,827 28,463 6,044 0                  
  22 JPMCB Salesforce Tower   18,420 0 138,140 401,600 Springing 0                  
  23 JPMCB Dick’s Sporting Goods Portfolio   1,696 0 22,028 11,109 0 Springing Ground Rent Reserve; Condominium Assessments Reserve       1,000,000        
  23.01 JPMCB Dick’s Keene                                
  23.02 JPMCB Dick’s Concord                                
  23.03 JPMCB Dick’s Wichita                                
  23.04 JPMCB Dick’s Bloomingdale                                
  23.05 JPMCB Dick’s Fort Wayne                                
  23.06 JPMCB PetSmart Concord                                
  24 LCF Tech Ridge Office Park   11,389 0 26,512 37,371 7,866 0         1,640,000        
  25 SMF VI Twelve Oaks   1,230 0 Springing 22,539 3,766 0         275,000        
  26 SMF VI Market at Hilliard   1,440 0 14,403 26,080 Springing 0         800,000        
  27 JPMCB The Riviera   5,938 0 0 30,382 Springing 0                  
  28 JPMCB HGI Kennesaw   4% of Gross Revenues 0 0 9,046 Springing Springing PIP Reserve; Extension PIP Reserve                
  29 SMF VI Buckhorn Plaza   1,085 0 7,236 13,231 Springing 0         350,000        
  30 JPMCB Timbergrove Heights   1,584 0 0 17,582 Springing 0                  
  31 SMF VI Home2 Suites Lubbock   4% of Gross Revenues 0 0 14,733 2,700 0                  
  32 SMF VI Southwest Business Center   975 0 3,221 3,890 1,562 0     80,000   400,000        
  33 SMF VI Hinesville Central   0 0 Springing 5,679 1,879 0         250,000        
  34 SMF VI Presidents Industrial   1,336 0 4,740 6,977 2,462 0         162,650        
  35 SMF VI Holiday Inn Express Salina   4% of Gross Revenues 0 0 12,506 Springing 0     1,585,000            
  36 BSP Townley Park Center Retail   555 0 2,775 4,566 907 0     19,980   175,000        
  37 SMF VI Hebron Heights   602 0 1,504 9,168 2,488 0                  
  38 SMF VI West Hills Plaza   0 0 Springing 5,416 4,227 0         165,000        
  39 LCF Dollar General Dimmitt   0 0 0 2,245 Springing 0                  
  40 LCF Dollar General Jackson   0 0 0 333 Springing 0                  

 

A-1-6 
 

 

ANNEX A-1

 

            LARGEST TENANT (3), (21), (22), (23)   2nd LARGEST TENANT (3), (21), (22), (23)   3rd LARGEST TENANT (3), (21), (22), (23)   4th LARGEST TENANT (3), (21), (22), (23)
                                         
          Single     Lease       Lease       Lease       Lease
  Loan # Seller(1) Property Name   Tenant Largest Tenant Unit Size Expiration   2nd Largest Tenant Unit Size Expiration   3rd Largest Tenant Unit Size Expiration   4th Largest Tenant Unit Size Expiration
  1 JPMCB Hilton Hawaiian Village   No                              
  2 JPMCB Fresno Fashion Fair Mall   No JCPenney 153,769 11/30/17   Victoria’s Secret 14,530 01/31/27   Love Culture 14,135 10/31/20   Bank of the West 14,114 12/31/18
  3 JPMCB 9 West 57th Street   No Kohlberg, Kravis, Roberts & Co. 196,124 12/31/20   Chanel Inc. 185,120 05/31/31   Apollo Management Holdings, L.P. 111,194 04/30/20   Och Ziff Management LP 95,200 12/31/29
  4 JPMCB Riverway   No U.S. Foods 320,341 09/30/23   Central States Pension Fund 190,077 12/31/19   Culligan International Company 53,133 12/31/21   The NPD Group Inc. 38,917 03/31/20
  5 JPMCB Moffett Gateway   Yes Google 612,691 03/31/27                        
  6 JPMCB Summit Mall   No Macy’s 195,776 10/24/20   Goodyear 11,732 06/30/31   Gap 9,532 01/31/18   Express 8,500 01/31/21
  7 JPMCB North Hills Village   No Target 127,466 01/31/27   Burlington Coat Factory 110,000 05/31/20   Kohl’s 93,000 02/02/19   Kuhns 53,000 04/30/19
  8 JPMCB Hotel Palomar San Diego   No                              
  9 LCF Redwood MHC Portfolio   No                              
  9.01 LCF Camp Inn   No                              
  9.02 LCF Town & Country Estates   No                              
  9.03 LCF St. Clements Crossing   No                              
  9.04 LCF Algoma   No                              
  9.05 LCF Suburban Estates   No                              
  9.06 LCF Colonial Acres   No                              
  9.07 LCF Twenty Nine Pines   No                              
  9.08 LCF Evergreen Springs   No                              
  9.09 LCF Avalon   No                              
  9.10 LCF Lexington   No                              
  9.11 LCF Colonial Manor   No                              
  9.12 LCF Green Acres   No                              
  9.13 LCF Cedar Grove   No                              
  9.14 LCF Hunters Chase   No                              
  9.15 LCF Highland Bluff   No                              
  9.16 LCF Winter Paradise   No                              
  9.17 LCF Weststar   No                              
  9.18 LCF El Frontier   No                              
  10 BSP 925 Common   No                              
  11 BSP International Plaza   No Newscycle Solutions, Inc. 36,355 01/31/22   Cisco Systems 18,344 06/30/20   OffiCenters 16,814 01/31/24   FCS Building Association 13,984 09/30/25
  12 BSP Everett Plaza   No Michaels 21,859 02/28/18   Petco 13,924 05/31/24   Pier 1 Imports 10,020 01/31/18   Half Price Books 8,420 12/31/19
  13 JPMCB Bilmar Beach Resort   No                              
  14 LCF 1140 Avenue of the Americas   No City National Bank 30,359 06/30/23   Waterfall Asset Management 25,500 08/31/22   Office Space Solutions, Inc. 23,800 08/31/21   P\S\L Group America Limited 20,113 01/31/21
  15 JPMCB Fry 529 Retail Center   No Fiesta Mart 60,000 01/31/35   Goodwill 20,460 05/31/30   Rodeo Dental 6,896 05/31/25   Fiesta Liquors Inc 5,000 01/31/20
  16 SMF VI Arroyo South Office   No Everi 58,591 04/30/23   Global Experience Specialists 32,929 07/31/19   Pulte Homes 20,966 02/28/23   CBS Radio Stations 17,500 10/31/21
  17 JPMCB PGA Financial Plaza   No Wells Fargo 17,382 09/30/22   JPMorgan Chase Bank, National Association 13,085 11/30/23   Raymond James & Associates, Inc. 7,763 03/31/23   Hicks Motto & Ehrlich 7,752 07/31/23
  18 LCF 80 Park Plaza   No PSEG Services Corporation 824,124 09/30/30                        
  19 SMF VI Walgreens Pool 3   Yes                              
  19.01 SMF VI Walgreens Bettendorf   Yes Walgreens 15,120 01/31/77                        
  19.02 SMF VI Walgreens Security   Yes Walgreens 13,905 01/31/77                        
  19.03 SMF VI Walgreens Mason City   Yes Walgreens 15,120 01/31/77                        
  19.04 SMF VI Walgreens Fort Dodge   Yes Walgreens 15,120 01/31/77                        
  19.05 SMF VI Walgreens Virginia Beach   Yes Walgreens 13,895 01/31/77                        
  19.06 SMF VI Walgreens Granite City   Yes Walgreens 16,380 01/31/77                        
  20 SMF VI Walgreens Pool 6   Yes                              
  20.01 SMF VI Walgreens Sioux City   Yes Walgreens 15,120 01/31/77                        
  20.02 SMF VI Walgreens Des Moines   Yes Walgreens 15,795 01/31/77                        
  20.03 SMF VI Walgreens Mesa   Yes Walgreens 15,120 01/31/77                        
  20.04 SMF VI Walgreens Wichita   Yes Walgreens 15,120 01/31/77                        
  20.05 SMF VI Walgreens Colorado Springs   Yes Walgreens 13,905 01/31/77                        
  20.06 SMF VI Walgreens Casa Grande   Yes Walgreens 16,380 01/31/77                        
  21 BSP Franklin Marketplace   No Virginia College, LLC 49,128 09/30/24   Big Lots 30,149 01/31/18   2nd Ave Value Stores 22,878 12/31/26   Harbor Freight Tools 15,000 07/31/19
  22 JPMCB Salesforce Tower   No Salesforce.com, Inc. 247,099 06/30/30   JPMorgan Chase Bank, National Association 202,305 06/30/25   Bose McKinney & Evans, LLP 103,461 09/30/21   Ernst & Young U.S. LLP 37,487 09/30/23
  23 JPMCB Dick’s Sporting Goods Portfolio   Yes                              
  23.01 JPMCB Dick’s Keene   Yes Dick’s Sporting Goods 45,471 10/31/20                        
  23.02 JPMCB Dick’s Concord   Yes Dick’s Sporting Goods 50,000 01/31/21                        
  23.03 JPMCB Dick’s Wichita   Yes Dick’s Sporting Goods 48,780 03/31/23                        
  23.04 JPMCB Dick’s Bloomingdale   Yes Dick’s Sporting Goods 50,000 01/31/22                        
  23.05 JPMCB Dick’s Fort Wayne   Yes Dick’s Sporting Goods 50,000 08/31/24                        
  23.06 JPMCB PetSmart Concord   Yes PetSmart 20,087 05/31/26                        
  24 LCF Tech Ridge Office Park   No iPacesetters 52,313 01/31/19   Auduban Field Services 18,839 05/31/19   State of Oklahoma-DHS 16,255 06/30/17   Fellers 13,769 12/31/19
  25 SMF VI Twelve Oaks   No Publix 47,955 04/12/20   Pier 1 Imports 9,560 02/28/25   LensCrafters 5,883 12/31/19   Bonefish Grill 5,000 11/30/21
  26 SMF VI Market at Hilliard   No Michaels 21,517 08/31/19   Bed Bath & Beyond 20,000 01/31/19   OfficeMax 19,961 03/31/21   Old Navy 16,800 08/31/19
  27 JPMCB The Riviera   No                              
  28 JPMCB HGI Kennesaw   No                              
  29 SMF VI Buckhorn Plaza   No Marshalls 19,910 05/31/25   Dollar Tree 10,260 03/31/20   Olive Garden 7,537 02/28/23   Shoe Depot 7,200 12/31/19
  30 JPMCB Timbergrove Heights   No                              
  31 SMF VI Home2 Suites Lubbock   No                              
  32 SMF VI Southwest Business Center   No Office Furniture Concept 16,900 09/30/21   Order Inn 8,686 07/31/17   Super Summer Theater 7,028 05/31/20   Glass Mountain Capital, LLC 4,998 05/31/19
  33 SMF VI Hinesville Central   No Hibbett Sporting Goods 7,440 07/31/25   Shoe Show 5,000 07/31/20   Cato 4,160 01/31/21   Beauty Mecca Beauty Supplies 3,200 01/31/18
  34 SMF VI Presidents Industrial   No Pepperidge Farms 12,960 01/29/17   Jackson’s Gymnastics 12,960 05/31/17   International Insulation Products, LLC 8,640 12/31/17   THE STG GROUP 7,776 06/30/18
  35 SMF VI Holiday Inn Express Salina   No                              
  36 BSP Townley Park Center Retail   No Sherwin Williams 4,500 12/31/17   Snap Fitness 3,987 02/28/17   El Mariachi 3,119 12/31/20   Integrity Staffing Solutions, Inc. 2,985 01/31/18
  37 SMF VI Hebron Heights   No Pet Supplies Plus 9,000 07/31/26   La Vista 4,150 04/30/19   BurgerFi 2,700 11/30/26   Italian Villa 2,500 01/31/18
  38 SMF VI West Hills Plaza   No Fred’s 22,000 01/31/19   Save-A-Lot 18,400 09/30/21   CitiTrends 14,625 02/28/21   Golden Beauty 14,500 05/31/19
  39 LCF Dollar General Dimmitt   Yes Dollar General 10,566 03/31/31                        
  40 LCF Dollar General Jackson   Yes Dollar General 9,100 05/31/31                        

 

A-1-7 
 

 

ANNEX A-1

 

          5th LARGEST TENANT (3), (21), (22), (23)           Pari Passu Debt
                            Pari Passu Pari Passu
              Lease   Loan   Lockbox Lockbox Pari Passu Note Control Piece  In Trust
  Loan # Seller(1) Property Name   5th Largest Tenant Unit Size Expiration   Purpose Principal / Carveout Guarantor(24) (Y/N) Type(25) (Y/N) (Y/N)(26) Cut-Off Balance
  1 JPMCB Hilton Hawaiian Village           Refinance Park Intermediate Holdings LLC Yes CMA Yes No 94,000,000
  2 JPMCB Fresno Fashion Fair Mall   Anthropologie 10,928 10/01/17   Recapitalization The Macerich Partnership, L.P. Yes CMA Yes No 80,000,000
  3 JPMCB 9 West 57th Street   Tiger Global Management LLC 43,490 07/31/24   Refinance Sheldon H. Solow Yes CMA Yes No 63,000,000
  4 JPMCB Riverway   Appleton GRP LLC 38,003 07/31/21   Acquisition Adventus Holdings LP Yes CMA Yes Yes 63,000,000
  5 JPMCB Moffett Gateway           Refinance Joseph K. Paul, Jay Paul Revocable Living Trust Dated November 9, 1999, as Amended and Restated on March 19, 2010, Paul Guarantor LLC Yes Hard Yes Yes 60,000,000
  6 JPMCB Summit Mall   Versona Accessories 8,000 01/31/24   Refinance Simon Property Group, L.P. Yes CMA Yes Yes 50,000,000
  7 JPMCB North Hills Village   Best Buy 46,855 01/31/19   Refinance Ira J. Gumberg Yes Hard No NAP NAP
  8 JPMCB Hotel Palomar San Diego           Refinance KHP Fund II, L.P. Yes CMA No NAP NAP
  9 LCF Redwood MHC Portfolio           Refinance Ross H. Partrich Yes Springing Yes No 37,000,000
  9.01 LCF Camp Inn                        
  9.02 LCF Town & Country Estates                        
  9.03 LCF St. Clements Crossing                        
  9.04 LCF Algoma                        
  9.05 LCF Suburban Estates                        
  9.06 LCF Colonial Acres                        
  9.07 LCF Twenty Nine Pines                        
  9.08 LCF Evergreen Springs                        
  9.09 LCF Avalon                        
  9.10 LCF Lexington                        
  9.11 LCF Colonial Manor                        
  9.12 LCF Green Acres                        
  9.13 LCF Cedar Grove                        
  9.14 LCF Hunters Chase                        
  9.15 LCF Highland Bluff                        
  9.16 LCF Winter Paradise                        
  9.17 LCF Weststar                        
  9.18 LCF El Frontier                        
  10 BSP 925 Common           Refinance Emanuel Organek, Marc Blumberg Yes Springing No NAP NAP
  11 BSP International Plaza   Scholarship America, Inc. 9,997 03/31/25   Refinance Bruce Timm, Lakeridge Land, L.P. Yes CMA No NAP NAP
  12 BSP Everett Plaza   Denallis Mediterranean Fusion 8,168 10/31/21   Refinance Alan C. Fox Yes Springing No NAP NAP
  13 JPMCB Bilmar Beach Resort           Acquisition Kline Hotel Holdings, LLC Yes CMA No NAP NAP
  14 LCF 1140 Avenue of the Americas   Trilogy Global 12,750 11/30/24   Acquisition New York City Operating Partnership, L.P. Yes Hard Yes No 24,000,000
  15 JPMCB Fry 529 Retail Center   Familia Care, Inc. 4,858 07/31/20   Refinance John D. Long, Jr. Yes Springing No NAP NAP
  16 SMF VI Arroyo South Office   Lyft, Inc. 3,721 12/01/21   Refinance EJM Development Co. Yes Springing No NAP NAP
  17 JPMCB PGA Financial Plaza   Retina Care Specialists 6,879 12/31/21   Refinance Charles M. Bayer, Jr. Yes Springing No NAP NAP
  18 LCF 80 Park Plaza           Acquisition Elchonon Schwartz, Simon Glick Yes Hard Yes No 20,500,000
  19 SMF VI Walgreens Pool 3           Refinance John E. Gross Yes Springing No NAP NAP
  19.01 SMF VI Walgreens Bettendorf                        
  19.02 SMF VI Walgreens Security                        
  19.03 SMF VI Walgreens Mason City                        
  19.04 SMF VI Walgreens Fort Dodge                        
  19.05 SMF VI Walgreens Virginia Beach                        
  19.06 SMF VI Walgreens Granite City                        
  20 SMF VI Walgreens Pool 6           Refinance John E. Gross Yes Springing No NAP NAP
  20.01 SMF VI Walgreens Sioux City                        
  20.02 SMF VI Walgreens Des Moines                        
  20.03 SMF VI Walgreens Mesa                        
  20.04 SMF VI Walgreens Wichita                        
  20.05 SMF VI Walgreens Colorado Springs                        
  20.06 SMF VI Walgreens Casa Grande                        
  21 BSP Franklin Marketplace   Dollar Tree 14,826 08/31/21   Acquisition Moses Berger Yes CMA No NAP NAP
  22 JPMCB Salesforce Tower   Ogletree, Deakins, Nash, Smoak & Stewart, P.C. 36,573 06/30/22   Acquisition William Z. Hertz, Isaac Hertz, Sarah Hertz Yes Hard Yes No 18,000,000
  23 JPMCB Dick’s Sporting Goods Portfolio           Refinance NRFC NNN Holdings, LLC Yes CMA Yes Yes 17,976,072
  23.01 JPMCB Dick’s Keene                        
  23.02 JPMCB Dick’s Concord                        
  23.03 JPMCB Dick’s Wichita                        
  23.04 JPMCB Dick’s Bloomingdale                        
  23.05 JPMCB Dick’s Fort Wayne                        
  23.06 JPMCB PetSmart Concord                        
  24 LCF Tech Ridge Office Park   The Key Group 12,812 07/31/21   Refinance Kamyar Mateen, Shervin Mateen Yes Hard No NAP NAP
  25 SMF VI Twelve Oaks   Mattress Firm 4,032 06/30/17   Refinance David Garfunkel Yes Springing No NAP NAP
  26 SMF VI Market at Hilliard   Famous Footwear 6,542 10/31/19   Refinance MB REIT (Florida), Inc. Yes Springing No NAP NAP
  27 JPMCB The Riviera           Refinance Swapnil Agarwal Yes Springing No NAP NAP
  28 JPMCB HGI Kennesaw           Refinance Mitch (Mitul) Patel Yes Springing No NAP NAP
  29 SMF VI Buckhorn Plaza   Gourmet Buffet Restaurant 6,840 03/31/20   Refinance MB REIT (Florida), Inc. Yes Springing No NAP NAP
  30 JPMCB Timbergrove Heights           Refinance Scott Leichtenberg Yes Springing No NAP NAP
  31 SMF VI Home2 Suites Lubbock           Refinance Philip A. McCrae Yes Springing No NAP NAP
  32 SMF VI Southwest Business Center   Chrisbarry, Inc 4,766 12/31/18   Refinance Brian Heller, Augustus Tagliaferri Yes Springing No NAP NAP
  33 SMF VI Hinesville Central   GameStop 3,000 02/29/20   Refinance David Garfunkel Yes Springing No NAP NAP
  34 SMF VI Presidents Industrial   Wartsila Funa International, Inc. 7,668 04/30/22   Acquisition Jeffrey Katke, Daniel Culler, Richard Kent, John J. Souza, M. Carolyn Souza, John R. Collins, Rick E. Van Velden Yes Springing No NAP NAP
  35 SMF VI Holiday Inn Express Salina           Refinance Larry-Bharat Patel Yes Springing No NAP NAP
  36 BSP Townley Park Center Retail   A&W Restaurants 2,750 11/30/24   Refinance Dennis R. Anderson Yes Springing No NAP NAP
  37 SMF VI Hebron Heights   Spice & Rice Indian Groceries 2,450 04/30/19   Acquisition Shopoff Commercial Growth & Income Fund II, L.P., Allen Honse, Yvonne Honse, Clayton Lee, Lorrie Lee Yes Springing No NAP NAP
  38 SMF VI West Hills Plaza   Shoe Show 9,750 05/31/21   Refinance Samuel W. Sharp Yes Springing No NAP NAP
  39 LCF Dollar General Dimmitt           Acquisition Ladder Capital CRE Equity LLC Yes Hard No NAP NAP
  40 LCF Dollar General Jackson           Acquisition Ladder Capital CRE Equity LLC Yes Hard No NAP NAP

 

A-1-8 
 

 

ANNEX A-1

 

        Pari Passu Debt   Additional Debt   Total Debt   HOTEL OPERATING STATISTICS
        Pari Passu Total Cut-off         Additional       Total Debt   Total Debt        
        Piece Non Trust Date Pari   Addit Debt Addit Debt Additional Debt Cut off Additional Debt   Total Debt  UW NCF Total Debt  UW NOI   2013 2013 2013
  Loan # Seller(1) Property Name Cut-Off Balance Passu Debt   Permitted (Y/N) Exist (Y/N) (27) Debt Type(s) Date Balance Interest Rate   Cut-off Balance DSCR Current LTV % Debt Yield %   Occupancy % ADR ($) RevPAR ($)
  1 JPMCB Hilton Hawaiian Village 602,600,000 696,600,000   No Yes Subordinate Debt 578,400,000 4.19950   1,275,000,000 2.44 57.2% 10.4%   89.9% 247.48 222.57
  2 JPMCB Fresno Fashion Fair Mall 245,000,000 325,000,000   No No NAP NAP NAP   325,000,000 2.14 57.5% 8.1%        
  3 JPMCB 9 West 57th Street 950,724,000 1,013,724,000   Yes Yes Subordinate Debt/Permitted Mezzanine 186,276,000 2.85950   1,200,000,000 3.08 35.3% 9.0%        
  4 JPMCB Riverway 65,000,000 128,000,000   No No NAP NAP NAP   128,000,000 1.42 72.6% 10.3%        
  5 JPMCB Moffett Gateway 183,000,000 243,000,000   No Yes B-Note (102,000,000)/Mezzanine Loan (50,000,000) 152,000,000 5.44408   395,000,000 1.22 75.2% 7.3%        
  6 JPMCB Summit Mall 35,000,000 85,000,000   No No NAP NAP NAP   85,000,000 4.50 41.5% 15.8%        
  7 JPMCB North Hills Village NAP NAP   No Yes B-Note 9,500,000 10.25000   53,600,000 1.14 79.4% 8.3%        
  8 JPMCB Hotel Palomar San Diego NAP NAP   Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP   79.6% 184.58 146.90
  9 LCF Redwood MHC Portfolio 59,000,000 96,000,000   Yes No Permitted Mezzanine NAP NAP   96,000,000 1.38 71.8% 8.2%        
  9.01 LCF Camp Inn                     1.38 71.8% 8.2%        
  9.02 LCF Town & Country Estates                     1.38 71.8% 8.2%        
  9.03 LCF St. Clements Crossing                     1.38 71.8% 8.2%        
  9.04 LCF Algoma                     1.38 71.8% 8.2%        
  9.05 LCF Suburban Estates                     1.38 71.8% 8.2%        
  9.06 LCF Colonial Acres                     1.38 71.8% 8.2%        
  9.07 LCF Twenty Nine Pines                     1.38 71.8% 8.2%        
  9.08 LCF Evergreen Springs                     1.38 71.8% 8.2%        
  9.09 LCF Avalon                     1.38 71.8% 8.2%        
  9.10 LCF Lexington                     1.38 71.8% 8.2%        
  9.11 LCF Colonial Manor                     1.38 71.8% 8.2%        
  9.12 LCF Green Acres                     1.38 71.8% 8.2%        
  9.13 LCF Cedar Grove                     1.38 71.8% 8.2%        
  9.14 LCF Hunters Chase                     1.38 71.8% 8.2%        
  9.15 LCF Highland Bluff                     1.38 71.8% 8.2%        
  9.16 LCF Winter Paradise                     1.38 71.8% 8.2%        
  9.17 LCF Weststar                     1.38 71.8% 8.2%        
  9.18 LCF El Frontier                     1.38 71.8% 8.2%        
  10 BSP 925 Common NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  11 BSP International Plaza NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  12 BSP Everett Plaza NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  13 JPMCB Bilmar Beach Resort NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP   78.1% 133.38 104.20
  14 LCF 1140 Avenue of the Americas 75,000,000 99,000,000   No No NAP NAP NAP   99,000,000 2.16 55.0% 9.6%        
  15 JPMCB Fry 529 Retail Center NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  16 SMF VI Arroyo South Office NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  17 JPMCB PGA Financial Plaza NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  18 LCF 80 Park Plaza 112,500,000 133,000,000   Yes No Permitted Mezzanine NAP NAP   133,000,000 1.52 75.0% 9.4%        
  19 SMF VI Walgreens Pool 3 NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  19.01 SMF VI Walgreens Bettendorf                     NAP NAP NAP        
  19.02 SMF VI Walgreens Security                     NAP NAP NAP        
  19.03 SMF VI Walgreens Mason City                     NAP NAP NAP        
  19.04 SMF VI Walgreens Fort Dodge                     NAP NAP NAP        
  19.05 SMF VI Walgreens Virginia Beach                     NAP NAP NAP        
  19.06 SMF VI Walgreens Granite City                     NAP NAP NAP        
  20 SMF VI Walgreens Pool 6 NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  20.01 SMF VI Walgreens Sioux City                     NAP NAP NAP        
  20.02 SMF VI Walgreens Des Moines                     NAP NAP NAP        
  20.03 SMF VI Walgreens Mesa                     NAP NAP NAP        
  20.04 SMF VI Walgreens Wichita                     NAP NAP NAP        
  20.05 SMF VI Walgreens Colorado Springs                     NAP NAP NAP        
  20.06 SMF VI Walgreens Casa Grande                     NAP NAP NAP        
  21 BSP Franklin Marketplace NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  22 JPMCB Salesforce Tower 90,000,000 108,000,000   No Yes Mezzanine Loan 24,029,583 7.25000   132,029,583 1.41 72.9% 10.4%        
  23 JPMCB Dick’s Sporting Goods Portfolio 12,982,719 30,958,791   No No NAP NAP NAP   30,958,791 1.40 70.8% 9.5%        
  23.01 JPMCB Dick’s Keene                     1.40 70.8% 9.5%        
  23.02 JPMCB Dick’s Concord                     1.40 70.8% 9.5%        
  23.03 JPMCB Dick’s Wichita                     1.40 70.8% 9.5%        
  23.04 JPMCB Dick’s Bloomingdale                     1.40 70.8% 9.5%        
  23.05 JPMCB Dick’s Fort Wayne                     1.40 70.8% 9.5%        
  23.06 JPMCB PetSmart Concord                     1.40 70.8% 9.5%        
  24 LCF Tech Ridge Office Park NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  25 SMF VI Twelve Oaks NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  26 SMF VI Market at Hilliard NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  27 JPMCB The Riviera NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  28 JPMCB HGI Kennesaw NAP NAP   Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP   74.5% 111.31 82.97
  29 SMF VI Buckhorn Plaza NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  30 JPMCB Timbergrove Heights NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  31 SMF VI Home2 Suites Lubbock NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  32 SMF VI Southwest Business Center NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  33 SMF VI Hinesville Central NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  34 SMF VI Presidents Industrial NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  35 SMF VI Holiday Inn Express Salina NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP   68.4% 102.84 70.34
  36 BSP Townley Park Center Retail NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  37 SMF VI Hebron Heights NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  38 SMF VI West Hills Plaza NAP NAP   No No NAP NAP NAP   NAP NAP NAP NAP        
  39 LCF Dollar General Dimmitt NAP NAP   Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP        
  40 LCF Dollar General Jackson NAP NAP   Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP        

 

A-1-9 
 

 

ANNEX A-1

 

        HOTEL OPERATING STATISTICS  
                                 
        2014 2014 2014 2015 2015 2015 Most Recent Most Recent Most Recent UW UW UW  
  Loan # Seller(1) Property Name Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Occupancy % ADR ($) RevPAR ($) Loan #
  1 JPMCB Hilton Hawaiian Village 90.7% 259.85 235.77 94.4% 240.62 227.20 94.6% 250.09 236.65 94.6% 250.09 236.65 1
  2 JPMCB Fresno Fashion Fair Mall                         2
  3 JPMCB 9 West 57th Street                         3
  4 JPMCB Riverway                         4
  5 JPMCB Moffett Gateway                         5
  6 JPMCB Summit Mall                         6
  7 JPMCB North Hills Village                         7
  8 JPMCB Hotel Palomar San Diego 79.1% 186.34 147.34 68.8% 203.68 140.11 79.7% 212.60 169.54 79.7% 212.60 169.54 8
  9 LCF Redwood MHC Portfolio                         9
  9.01 LCF Camp Inn                         9.01
  9.02 LCF Town & Country Estates                         9.02
  9.03 LCF St. Clements Crossing                         9.03
  9.04 LCF Algoma                         9.04
  9.05 LCF Suburban Estates                         9.05
  9.06 LCF Colonial Acres                         9.06
  9.07 LCF Twenty Nine Pines                         9.07
  9.08 LCF Evergreen Springs                         9.08
  9.09 LCF Avalon                         9.09
  9.10 LCF Lexington                         9.10
  9.11 LCF Colonial Manor                         9.11
  9.12 LCF Green Acres                         9.12
  9.13 LCF Cedar Grove                         9.13
  9.14 LCF Hunters Chase                         9.14
  9.15 LCF Highland Bluff                         9.15
  9.16 LCF Winter Paradise                         9.16
  9.17 LCF Weststar                         9.17
  9.18 LCF El Frontier                         9.18
  10 BSP 925 Common                         10
  11 BSP International Plaza                         11
  12 BSP Everett Plaza                         12
  13 JPMCB Bilmar Beach Resort 79.6% 140.90 112.09 82.6% 149.52 123.54 80.0% 156.79 125.48 80.0% 156.79 125.48 13
  14 LCF 1140 Avenue of the Americas                         14
  15 JPMCB Fry 529 Retail Center                         15
  16 SMF VI Arroyo South Office                         16
  17 JPMCB PGA Financial Plaza                         17
  18 LCF 80 Park Plaza                         18
  19 SMF VI Walgreens Pool 3                         19
  19.01 SMF VI Walgreens Bettendorf                         19.01
  19.02 SMF VI Walgreens Security                         19.02
  19.03 SMF VI Walgreens Mason City                         19.03
  19.04 SMF VI Walgreens Fort Dodge                         19.04
  19.05 SMF VI Walgreens Virginia Beach                         19.05
  19.06 SMF VI Walgreens Granite City                         19.06
  20 SMF VI Walgreens Pool 6                         20
  20.01 SMF VI Walgreens Sioux City                         20.01
  20.02 SMF VI Walgreens Des Moines                         20.02
  20.03 SMF VI Walgreens Mesa                         20.03
  20.04 SMF VI Walgreens Wichita                         20.04
  20.05 SMF VI Walgreens Colorado Springs                         20.05
  20.06 SMF VI Walgreens Casa Grande                         20.06
  21 BSP Franklin Marketplace                         21
  22 JPMCB Salesforce Tower                         22
  23 JPMCB Dick’s Sporting Goods Portfolio                         23
  23.01 JPMCB Dick’s Keene                         23.01
  23.02 JPMCB Dick’s Concord                         23.02
  23.03 JPMCB Dick’s Wichita                         23.03
  23.04 JPMCB Dick’s Bloomingdale                         23.04
  23.05 JPMCB Dick’s Fort Wayne                         23.05
  23.06 JPMCB PetSmart Concord                         23.06
  24 LCF Tech Ridge Office Park                         24
  25 SMF VI Twelve Oaks                         25
  26 SMF VI Market at Hilliard                         26
  27 JPMCB The Riviera                         27
  28 JPMCB HGI Kennesaw 76.2% 117.00 89.21 76.7% 131.22 100.66 76.1% 133.87 101.88 76.1% 133.87 101.88 28
  29 SMF VI Buckhorn Plaza                         29
  30 JPMCB Timbergrove Heights                         30
  31 SMF VI Home2 Suites Lubbock             73.9% 117.32 86.70 73.9% 117.32 86.70 31
  32 SMF VI Southwest Business Center                         32
  33 SMF VI Hinesville Central                         33
  34 SMF VI Presidents Industrial                         34
  35 SMF VI Holiday Inn Express Salina 77.8% 114.22 88.87 74.6% 112.64 84.00 72.3% 108.78 78.59 72.3% 108.78 78.59 35
  36 BSP Townley Park Center Retail                         36
  37 SMF VI Hebron Heights                         37
  38 SMF VI West Hills Plaza                         38
  39 LCF Dollar General Dimmitt                         39
  40 LCF Dollar General Jackson                         40

 

A-1-10 
 

 

Footnotes to Annex A-1    
   
(1) “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “BSP” denotes Benefit Street Partners CRE Finance LLC, as Mortgage Loan Seller; “SMF VI” denotes Starwood Mortgage Funding VI LLC, as Mortgage Loan Seller; and “LCF” denotes Ladder Capital Finance LLC, as Mortgage Loan Seller.
   
  With respect to Loan No. 1, Hilton Hawaiian Village, the Hilton Hawaiian Village Whole Loan (as defined below) was co-originated by JPMCB, Deutsche Bank AG, New York Branch, Goldman Sachs Mortgage Company, Barclays Bank PLC, and Morgan Stanley Bank, N.A.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the Fresno Fashion Fair Mall Whole Loan (as defined below) was co-originated by JPMCB and Société Générale.
   
  With respect to Loan No. 18, 80 Park Plaza, the 80 Park Plaza Whole Loan (as defined below) was co-originated by LCF and Citigroup Global Markets Realty Corp.
   
(2) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
   
  With respect to Loan No. 1, Hilton Hawaiian Village, the mortgaged property includes 14 hotel units and 26 commercial units of a condominium. The remaining units in the condominium consist of six time share units, which are owned by third parties and not part of collateral for the mortgage loan. The borrower controls the related board of directors for the association and is responsible for maintaining the common areas of the condominium.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, Chick-fil-A ground leases its premises from the borrower. Chick-fil-A ground leases its premises through February 2035 and pays annual ground rent of $120,000.
   
  With respect to Loan No. 4, Riverway, the mortgaged property consists of three, 11-story multi-tenant office buildings totaling approximately 858,711 square feet and one daycare facility totaling approximately 10,409 square feet. The daycare facility is 100% leased to Bright Horizons under a lease that expires in March 2027. The tenant also has the right to terminate the lease annually on each anniversary of the lease commencement date.
   
  With respect to Loan No. 6, Summit Mall, Macy’s ground leases its premises from the borrower. Macy’s ground leases its premises through October 2020 and pays annual ground rent of $146,367.
   
  With respect to Loan No. 7, North Hills Village, Target ground leases its premises from the borrower through January 2027 and pays annual ground rent of $407,000.  
   
  With respect to Loan No. 8, Hotel Palomar San Diego, the mortgaged property also includes an adjacent three-story retail and entertainment building totaling 31,300 square feet, which is 100% leased to House of Blues San Diego, LLC. In addition, the property is subject to a condominium regime, and the borrower owns 100% of the units.  
   
  With respect to Loan No. 10, 925 Common, the mortgaged property consists of 199 multifamily units, 10,430 square feet of ground floor retail, a 14,457 square foot ballroom and a 300-vehicle valet garage. As of November 9, 2016, the multifamily space was 93.5% leased and the retail space was 80.3% leased.
   
  With respect to Loan No. 12, Everett Plaza, Units include 3,173 square feet (2.6% of the net rentable area at the mortgaged property) of space ground leased to the tenant, Jack in the Box.

 

A-1-11 
 

 

   
  The tenant owns its improvements and ground leases from the borrower the land on which its improvements are constructed.
   
  With respect to Loan No. 13, Bilmar Beach Resort, the mortgaged property includes 91 condominium units in a condominium regime with 134 total units. The borrower controls the related condominium association. The loan documents requires the borrower to retain a minimum of 68 of the 134 units and control of the condominium association. The borrower is also entitled to an amount generally equal to 46.0% to 48.0% of the rental income from 43 condominiums that are owned by third parties.  
   
  With respect to Loan No. 15, Fry 529 Retail Center, Bush’s Chicken ground leases its premises from the borrower. Bush’s Chicken ground leases its premises under a ground lease with a term of 20 years after the rent commencement date, which is the earlier of (i) the date that the tenant opens for business and (ii) March 2017. The tenant is required to pay annual ground rent of $75,000.
   
  With respect to Loan No. 23.01, Dick’s Sporting Goods Portfolio—Dick’s Keene, the mortgaged property consists of one unit of 15 total units in a fractured condominium regime (constituting approximately 7.143% of the condominium regime). The borrower does not control of the related condominium association. However, no amendment may alter the rights of, or impose greater obligation on, any unit owner without the consent of such unit owner and its mortgagee.
   
  With respect to Loan No. 29, Buckhorn Plaza, the total square footage includes 7,537 square feet (8.7% of the net rentable area at the mortgaged property) of space ground leased to the 3rd Largest Tenant, Olive Garden, pursuant to a ground lease that expires in February 28, 2023. The tenant owns its improvements and ground leases from the borrower the land on which its improvements are constructed.
   
(3) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.
   
  With respect to Loan No. 1, Hilton Hawaiian Village, approximately 18.4% of UW Revenues ($) is attributable to the food and beverage outlets at the related mortgaged property and approximately 5.1% of UW Revenues ($) is attributable to the retail component of the mortgaged property.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, Occupancy% includes only permanent leases. Occupancy% including specialty tenants with leases over six months for December 31, 2013, December 31, 2014, December 31, 2015 and August 31, 2016 is 96.8%, 98.4%, 98.1% and 92.2%, respectively.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the borrower is permitted to engage in several redevelopment activities at the mortgaged property under the loan documents. If there is any decrease in underwritten net operating income (as defined in the loan documents) as a result of the redevelopment activities (including as the result of any modification or termination of the Macy’s Men’s & Children’s or JCPenney leases), then the borrower is required to enter into a master lease with the guarantor for all such applicable space and all then vacant space at the property. The loan documents provide that rent will be reduced if and to the extent underwritten net operating income with respect to the mortgaged property increases, as determined on a quarterly basis. With respect to any termination of the Macy’s Men’s & Children’s lease or JCPenney lease, the master lease will terminate if: (x) the underwritten net operating income with respect to the property is restored to the greater of (i) pre-development levels and (ii) $27,000,000 and (y) the areas impacted by such redevelopment activities are 90% or more occupied with tenants in possession and paying rent. With respect to any modification of the

 

A-1-12 
 

 

  Macy’s Men’s & Children’s lease and/or the JCPenney lease resulting in a decrease in underwritten net operating income, the master lease will terminate when the underwritten net operating income is restored to the greater of (i) pre-modification levels or (ii) $27,000,000.
   
  With respect to Loan No. 3, 9 West 57th Street, two tenants, Zimmer Partners, LP and Seven Bridges Advisors LLC, have executed their leases but have not yet commenced paying rent.
   
  With respect to Loan No. 5, Moffett Gateway, the sole tenant, Google, has executed two leases for the entire property but has not yet taken occupancy or commenced paying rent. Google leases the property under two separate leases, one for 1225 Crossman Avenue (“Building One”) and the second for 1265 Crossman Avenue (“Building Two”). Google is expected to take occupancy for both spaces in early 2017 and will commence paying rent under each lease as follows: Building One in July 2018 and Building Two in July 2017.
   
  With respect to Loan No. 5, Moffett Gateway, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include the rental income for the sole tenant, Google, which has executed its leases but has not yet taken occupancy or commenced paying rent under either lease. In addition, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using the average rent of the sole tenant, Google, over the term of the related leases inclusive of the free rent reserve.
   
  With respect to Loan No. 6, Summit Mall, Occupancy%, UW Revenues ($), UW NOI ($) and UW NCF ($) include two tenants, Dewey’s Pizza (3,490 square feet) and Auntie Anne’s (250 square feet), that have signed leases but have not yet taken occupancy or commenced paying rent.
   
  With respect to Loan No. 8, Hotel Palomar San Diego, approximately 21.9% of UW Revenues ($) is attributable to the food and beverage outlets at the related mortgaged property.
   
  With respect to Loan No. 10, 925 Common, one of the commercial tenants, Goldbergs Bagel & Deli, has executed its lease but has not yet taken occupancy or commenced paying rent. Goldberg’s Bagel & Deli is expected to take occupancy on February 1, 2017 and begin paying rent May 1, 2017. The borrower has deposited $700,000 in landlord obligations for tenant improvements associated with the buildout of the space. The borrower also deposited $87,149 for six months of free rent reserves. The free rent reserve will be disbursed in equal amounts each month from January 2017 through June 2017.
   
  With respect to Loan No. 10, 925 Common, the historical occupancies reflect the 108 classic multifamily units only and are as of December 31 for 2013 and 2014 and October 31 for 2015. The property underwent a major renovation and expansion from October 2014 through December 2015 and 91 modern units came online between November 2015 and January 2016. Current Occupancy is as of November 9, 2016 and reflects all 199 multifamily units (which includes both classic and modern units).
   
  With respect to Loan No. 11, International Plaza, Consortium Health, has executed its lease but has not yet taken occupancy or commenced paying rent. Consortium Health is expected to take occupancy and begin paying rent in January 2017.
   
  With respect to Loan No. 13, Bilmar Beach Resort, approximately 43.4% of UW Revenues ($) is attributable to the food and beverage outlets at the related mortgaged property.
   
  With respect to Loan No. 14, 1140 Avenue of the Americas, the 2nd Largest Tenant, Waterfall Asset Management, has executed a lease for an additional 7,909 square feet that is currently occupied by TriOptima North America, LLC. Waterfall Asset Management is expected to take occupancy on May 1, 2017. At closing, $563,516.25 was reserved with the lender to cover such tenant’s free rent period from May 1, 2017 through January 31, 2018.

 

A-1-13 
 

 

   
  With respect to Loan No. 15, Fry 529 Retail Center, three tenants, La Seafood Café, El Kiosko and Bush’s Chicken have executed their leases but have not yet taken occupancy or commenced paying rent. La Seafood Cafe is expected to take occupancy for 1,500 square feet of its leased premises and will commence paying rent in December 2016. El Kiosko is expected to take occupancy for 1,400 square feet of its leased premises and will commence paying rent in December 2016. Bush’s Chicken, a pad-site tenant, is expected to take occupancy upon build-out completion, with an estimated completion of December 2016. Despite the build-out completion status, Bush’s Chicken will commence paying rent in March 2017.  
   
  With respect to Loan No. 15, Fry 529 Retail Center, 2015 Occupancy% is lower than the Most Recent Occupancy% due to a lease-up after the development of the mortgaged property was completed.
   
  With respect to Loan No. 16, Arroyo South Office, the 5th Largest Tenant, Lyft, Inc., has executed a lease but has not yet taken occupancy or commenced paying rent.  
   
  With respect to Loan No. 17, PGA Financial Plaza, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using the average rent of the Largest Tenant, the 2nd Largest Tenant and 3rd Largest Tenant, Wells Fargo, JPMorgan Chase Bank, National Association, and Raymond James & Associates, Inc., respectively, over the term of the related leases.
   
  With respect to Loan No. 22, Salesforce Tower, the Largest Tenant, Salesforce.com, Inc.  (“Salesforce”), has executed its lease but has not yet taken occupancy or commenced paying rent. Salesforce is expected to take occupancy and begin paying rent as follows: 123,032 square feet in January 2017, 19,318 square feet on the 25th floor in August 2017 and the remaining 104,749 square feet in August 2018.
   
  With respect to Loan No. 22, Salesforce Tower, approximately 11.1% of UW Revenues ($) is attributable to the parking garage at the mortgaged property.
   
  With respect to Loan No. 24, Tech Ridge Office Park, two tenants are entitled to free rent periods. At origination, the borrower reserved $45,755 for the free rent periods.
   
  With respect to Loan No. 28, HGI Kennesaw, approximately 16.0% of UW Revenues ($) is attributable to the food and beverage outlet at the related mortgaged property.
   
  With respect to Loan No. 30, Timbergrove Heights, Occupancy% includes two tenants which have executed leases but have not yet taken occupancy.
   
  With respect to Loan No. 37, Hebron Heights, the 3rd Largest Tenant, BurgerFi, has executed a lease but has not yet taken occupancy or commenced paying rent.
   
(4) With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV% and the Maturity LTV% are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
   
  With respect to Loan No. 5, Moffett Gateway, the Appraised Value ($) represents the  “Hypothetical Market Value As-Stabilized” value of $525,000,000, which assumes that all tenant improvement construction is complete and all contractual free rent obligations have burned off as of the stabilized value date of July 20, 2016. At origination, the borrower was required to reserve $43,642,904 into the Upfront Other Reserve ($) for outstanding tenant improvements, $5,743,978 for outstanding leasing commissions and $37,575,033 for outstanding free rent. The  “as-is” value as of July 20, 2016 was $430,000,000, which results in a Current LTV% and Maturity LTV% of 56.5% and 48.0%, respectively.

 

A-1-14 
 

 

  With respect to Loan No. 8, Hotel Palomar San Diego, the Appraised Value ($) represents the  “When Complete” market value of $80,100,000, which assumes that the proposed renovations to the property related to the repositioning of the property restaurant has been completed. At origination, the borrower was required to reserve $1,641,974 into a reserve for the restaurant renovations. The “as-is” value as of October 4, 2016 is $76,700,000, which results in a Current LTV% and Maturity LTV% of 49.5%.
   
  With respect to Loan No. 13, Bilmar Beach Resort, the Appraised Value ($) represents the “Hypothetical As-Is” value of $37,100,000, which assumes that the on-going property renovation has been completed. At origination, the borrower was required to reserve $2,500,000 into a reserve for capital improvements. The “as-is” value as of August 8, 2016 is $34,400,000, which results in a Current LTV% and Maturity LTV% of 72.4% and 58.9%, respectively.  
   
  With respect to Loan No. 22, Salesforce Tower, the Appraised Value ($) represents the “Hypothetical As-Is” value of $181,100,000, which assumes that all outstanding tenant improvements, leasing commissions, free rent, and capital expenditures have been paid or are reserved/escrowed at origination. At origination, the borrower was required to deposit into the Upfront Other Reserve ($) $20,896,672 for outstanding tenant improvements and leasing commissions and $8,081,640 for outstanding free rent. Additionally, the borrower was required to reserve $4,250,420 into the Upfront CapEx Reserve ($). The “as-is” value as of July 21, 2016 was $150,600,000, which results in a Current LTV% and Maturity LTV% of 71.7%.
   
  With respect to Loan No. 32, Southwest Business Center, Other Upfront Reserve ($) includes a performance reserve in the amount of $800,000 in the form of a letter of credit that was delivered by the borrower at loan origination. So long as no event of default is occurring, the performance reserve will be released to the borrower upon the mortgage loan achieving a debt yield on NOI (as defined in the loan documents) of at least 9.0% for the trailing six months. Current LTV%, Maturity LTV%, UW NOI Debt Yield% and UW NCF Debt Yield% calculations are based on the net Cut-off Date Balance of $7,488,866, which is net of the $800,000 reserve. Assuming the gross Cut-off Date Balance of $8,288,866, Current LTV%, Maturity LTV%, UW NOI Debt Yield% and UW NCF Debt Yield% calculations are 74.1%, 59.7%, 9.1% and 8.5%, respectively.
   
(5) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(6) With respect to Loan No. 1, Hilton Hawaiian Village, the mortgage loan is part of a whole loan with an original principal balance of $1,275,000,000 (the “Hilton Hawaiian Village Whole Loan”) which is comprised of 16 pari passu components (Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note A-2-A-1, Note A-2-A-2, Note A-2-A-3, Note A-2-A-4, Note A-2-B-1, Note A-2-B-2, Note A-2-B-3, Note A-2-D-1, Note A-2-D-2, Note A-2-E-1, and Note A-2-E-2) and five subordinate companion loans (Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5). Note A-2-A-1 has an outstanding principal balance as of the Cut-off Date of $94,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. The remaining 15 pari passu components and five subordinate companion loans have an aggregate outstanding principal balance as of the Cut-off Date of $1,181,000,000 and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Hilton Hawaiian Village Whole Loan balance, excluding the subordinate companion loans.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the mortgage loan is part of a whole loan with an original principal balance of $325,000,000 (the “Fresno Fashion Fair Mall Whole Loan”) which is comprised of seven pari passu components. Note A-1-B has an outstanding principal balance as of the Cut-off Date of $80,000,000 and is being contributed to the JPMCC 2016-JP4

 

A-1-15 
 

 

  Trust. Note A-1-A has an outstanding principal balance as of the Cut-off Date of $60,000,000 and was contributed to the JPMDB 2016-C4 trust.  Note A-2-A has an outstanding principal balance as of the Cut-off Date of $40,000,000 and was contributed to the CFCRE 2016-C6 trust. Note A-1-C, Note A-2-B, Note A-2-C and Note A-2-D have an aggregate outstanding principal balance as of the Cut-off Date of $145,000,000 and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Fresno Fashion Fair Mall Whole Loan balance.
   
  With respect to Loan No. 3, 9 West 57th Street, the mortgage loan is part of a whole loan with an original principal balance of $1,200,000,000 (the “9 West 57th Street Whole Loan”) which is comprised of six pari passu components (Note A-1, Note A-2, Note A-3-A, Note A-3-B, Note A-4 and Note A-5) and one subordinate companion loan (Note B-1). Note A-5 has an outstanding principal balance as of the Cut-off Date of $63,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-1 and Note B-1 have an aggregate outstanding principal balance as of the Cut-off Date of $900,000,000 and were contributed to the JPMCC 2016-NINE trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $100,000,000 and was contributed to the JPMCC 2016-JP3 Trust. Note A-4 has an outstanding principal balance as of the Cut-off Date of $80,000,000 was contributed to the JPMDB 2016-C4 trust. Note A-3-A has an aggregate outstanding balance as of the Cut-off Date of $50,000,000 and was sold to a third party investor. Note A-3-B has an aggregate outstanding balance as of the Cut-off Date of $50,000,000 and was contributed to the CSAIL 2016-C7 trust. All loan level metrics are based on the 9 West 57th Street Whole Loan balance excluding the subordinate companion loan.
   
  With respect to Loan No. 4, Riverway, the mortgage loan is part of a whole loan with an original principal balance of $128,000,000 (the “Riverway Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $63,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $65,000,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Riverway Whole Loan balance.
   
  With respect to Loan No. 5, Moffett Gateway, the mortgage loan is part of a whole loan with an original principal balance of $345,000,000 (the “Moffett Gateway Whole Loan”) which is comprised of five pari passu components (Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5) and one subordinate companion loan (Note B-1). Note A-2 has an outstanding principal balance as of the Cut-off Date of $60,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-5 has an outstanding principal balance as of the Cut-off Date of $43,000,000 and was contributed to the JPMDB 2016-C4 Trust. Note A-1, Note A-3 and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $140,000,000 and are expected to be contributed to one or more future securitization trusts. Note B-1 has an outstanding balance as of the Cut-off Date of $102,000,000 and was sold to a third-party investor. All loan level metrics are based on the Moffett Gateway Whole Loan balance excluding the subordinate companion loan.
   
  With respect to Loan No. 6, Summit Mall, the mortgage loan is part of a whole loan with an original principal balance of $85,000,00 (the “Summit Mall Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-1 has an outstanding principal balance as of the Cut-off Date of $50,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $35,000,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Summit Mall Whole Loan balance.
   
  With respect to Loan No. 7, North Hills Village, the mortgage loan is part of a whole loan with an original principal balance of $53,600,000 (the “North Hills Village Whole Loan”) which is comprised of a senior note (Note A) and a subordinate companion loan (Note B). Note A has an outstanding principal balance as of the Cut-off Date of $44,100,000 and is being contributed to

 

A-1-16 
 

 

  the JPMCC 2016-JP4 Trust. Note B has an outstanding principal balance as of the Cut-off Date of $9,500,000 and is expected to be sold to a third party investor. All loan level metrics are based on the North Hills Village mortgage loan excluding the subordinate companion loan.
   
  With respect to Loan No. 9, Redwood MHC Portfolio, the mortgage loan is part of a whole loan with an original principal balance of $96,000,000 (the “Redwood MHC Portfolio Whole Loan”) which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3). Note A-3 has an outstanding principal balance as of the Cut-off Date of $37,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $38,400,000 and was contributed to the WFCM 2016-LC25 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $20,600,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Redwood MHC Portfolio Whole Loan balance.
   
  With respect to Loan No. 14, 1140 Avenue of the Americas, the mortgage loan is part of a whole loan with an original principal balance of $99,000,000 (the “1140 Avenue of the Americas Whole Loan”) which is comprised of four pari passu components (Note A-1, Note A-2, Note A-3 and Note A-4). Note A-2 has an outstanding principal balance as of the Cut-off Date of $24,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Notes A-3 and A-4 have an aggregate outstanding principal balance of $45,000,000 and were contributed to the WFCM 2016-LC24 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $30,000,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the 1140 Avenue of the Americas Whole Loan balance.
   
  With respect to Loan No. 18, 80 Park Plaza, the mortgage loan is part of a whole loan with an original principal balance of $133,000,000 (the “80 Park Plaza Whole Loan”) which is comprised of five pari passu components (Note A-1, Note A-2, Note A-3, Note A-4A and Note A-4B). Note A-4B has an outstanding principal balance as of the Cut-off Date of $20,500,000 and is being contributed to the JPMCC 2016-JP4 Trust. Notes A-1 and A-2 have an aggregate outstanding principal balance of $50,000,000 and were contributed to the CGCMT 2016-C3 Trust. Note A-3 and Note A-4A have an aggregate outstanding principal balance as of the Cut-off Date of $62,500,000 and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the 80 Park Plaza Whole Loan balance.
   
  With respect to Loan No. 22, Salesforce Tower, the mortgage loan is part of a whole loan with an original principal balance of $108,000,000 (the “Salesforce Tower Whole Loan”) which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3). Note A-3 has an outstanding principal balance as of the Cut-off Date of $18,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $60,000,000 and was contributed to the JPMCC 2016-JP3 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $30,000,000 and was contributed to the JPMDB 2016-C4 Trust.  All loan level metrics are based on the Salesforce Tower Whole Loan balance.
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, the mortgage loan is part of a whole loan with an original principal balance of $31,000,000 (the “Dick’s Sporting Goods Portfolio Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-1 has an outstanding principal balance as of the Cut-off Date of $18,000,000 and is being contributed to the JPMCC 2016-JP4 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $13,000,000 and is expected to be contributed to a future securitization trust. All loan level metrics are based on the Dick’s Sporting Goods Portfolio Whole Loan balance.
   
(7) Each number identifies a group of related borrowers.

 

A-1-17 
 

 

   
(8) For each mortgage loan, the excess of the related Interest Rate% over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Senior Trust Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee%”).
   
(9) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate% and (iii) 365/360.
   
(10) With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.
   
  With respect to Loan No. 5, Moffett Gateway, the Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal payment schedule set forth on Annex F to this prospectus. As such, the Current Balance ($), Maturity/ARD Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this principal payment schedule and a fixed interest rate of 3.319403%.
   
  With respect to Loan No. 7, North Hills Village, the Annual Debt Service ($) is calculated based on the sum of the first 12 payments allocable to the mortgage loan following the Cut-off Date based on a pro rata allocation between the A-Note and Subordinate Companion Loan of principal payable on the North Hills Village Whole Loan. As such, the Current Balance ($), Maturity/ARD Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this principal payment schedule.
   
(11) With respect to Loan No. 8, Hotel Palomar San Diego, if the loan documents explicitly require payment “on demand”, it is not an event of default unless the borrower fails to make any such payment within 10 days after demand by the lender.  
   
(12) With respect to Loan No. 39, Dollar General Dimmitt, the mortgage loan has an ARD feature with an anticipated repayment date of May 6, 2026. From and after the anticipated repayment date, the interest rate will increase to 9.35000% per annum, until the Final Mat Date of May 6, 2031.
   
  With respect to Loan No. 40, Dollar General Jackson, the mortgage loan has an ARD feature with an anticipated repayment date of November 6, 2026. From and after the anticipated repayment date, the interest rate will increase to 9.26000% per annum, until the Final Mat Date of November 6, 2031.
   
(13) The “L” component of the prepayment provision represents lockout payments.  
   
  The “Def” component of the prepayment provision represents defeasance payments.
   
  The “YM” component of the prepayment provision represents yield maintenance payments.
   
  The “O” Component of the prepayment provision represents the free payments including the Maturity Date.
   
  With respect to Loan No. 1, Hilton Hawaiian Village, the lockout period will be at least 25 payments beginning with and including the first payment on December 1, 2016. Defeasance of the full $1,275,000,000 Hilton Hawaiian Village Whole Loan is permitted after the earlier to occur of (i) May 1, 2019 and (ii) the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Hilton Hawaiian Village Defeasance Date”). Following the expiration of the Hilton Hawaiian Village Defeasance Date, the borrower is also permitted to prepay the Hilton Hawaiian Village Whole Loan with the payment of a yield

 

A-1-18 
 

 

  maintenance premium. The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the lockout period will be at least 25 payments beginning with and including the first payment on December 1, 2016. Defeasance of the full $325.0 million Fresno Fashion Fair Mall Whole Loan is permitted after the earlier to occur of (i) October 6, 2019 and (ii) the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Fresno Fashion Fair Mall Defeasance Date”). Following the expiration of the Fresno Fashion Fair Mall Defeasance Date, the borrower is also permitted to prepay the Fresno Fashion Fair Mall Whole Loan with the payment of a yield maintenance premium. The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 3, 9 West 57th Street, the lockout period will be at least 27 payments beginning with and including the first payment on October 1, 2016. Defeasance of the full $1.2 billion 9 West 57th Street Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) August 30, 2019. The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 4, Riverway, the lockout period will be at least 24 payments beginning with and including the first payment on January 1, 2017. Defeasance of the full $128.0 million Riverway Whole Loan is permitted after the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Riverway Defeasance Date”). If the Riverway Defeasance Date has not occurred by January 1, 2021, the borrower is permitted to prepay the Riverway Whole Loan with the payment of a yield maintenance premium. The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 5, Moffett Gateway, the lockout period will be at least 26 payments beginning with and including the first payment on November 1, 2016. Defeasance of the full $340.0 million Moffett Gateway Whole Loan is permitted after the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Moffett Gateway Defeasance Date”). If the Moffett Gateway Defeasance Date has not occurred by November 1, 2020, the borrower is permitted to prepay the Moffett Gateway Whole Loan with the payment of a yield maintenance premium. The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 6, Summit Mall, the lockout period will be at least 26 payments beginning with and including the first payment on November 1, 2016. Defeasance of the full $85.0 million Summit Mall Whole Loan is permitted after the earlier to occur of (i) November 1, 2019 and (ii) the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Summit Mall Defeasance Date”). If the Summit Mall Defeasance Date has not occurred by November 1, 2019, the borrower is permitted to prepay the Summit Mall Whole Loan with the payment of a yield maintenance premium (except that any portion of the Summit Mall Whole Loan that has been securitized for more than two years is required to be defeased). The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 9, Redwood MHC Portfolio, defeasance of the full $96.0 million Redwood MHC Portfolio Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the final REMIC that holds any note evidencing the Redwood MHC Portfolio Whole Loan or (ii) September 6, 2019. The assumed lockout period of 27

 

A-1-19 
 

 

  payments is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 18, 80 Park Plaza, defeasance of the full $133.0 million 80 Park Plaza Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the final REMIC that holds any note evidencing the 80 Park Plaza Loan or (ii) September 30, 2019. The assumed lockout period of 26 payments is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
  With respect to Loan No. 19, Walgreens Pool 3, the borrower is permitted to release an individual mortgaged property after the expiration of the applicable lock out period (depending on whether such release is made in connection with a partial defeasance (no earlier than two years from the closing date) or prepayment with the greater of a yield maintenance and a prepayment premium (no earlier than 60 days from the closing date)), subject to, among other things, the following conditions: (i) no event of default or loan trigger event has occurred and is continuing, (ii) such release is in connection with a sale to a bona-fide third party in an arms-length transaction, or if a Walgreens store trigger event has occurred and is continuing, in connection with a sale to a bona-fide third party in an arms-length transaction or a sale to an affiliate of the borrower and (iii) the borrower prepays the mortgage loan in an amount equal to the greater of (a) 115% of the initial loan amount allocated to the individual mortgaged property being released, and (b) with respect to the remaining individual mortgaged properties, the amount that results in (1) the LTV not exceeding 70% and (2) the DSCR being greater than or equal to 1.30x.
   
  With respect to Loan No. 20, Walgreens Pool 6, the borrower is permitted to release an individual mortgaged property after the expiration of the applicable lock out period (depending on whether such release is made in connection with a partial defeasance (no earlier than two years from the closing date) or prepayment with the greater of a yield maintenance and a prepayment premium (no earlier than 60 days from the closing date), subject to, among other things, the following conditions: (i) no event of default or loan trigger event has occurred and is continuing, (ii) such release is in connection with a sale to a bona-fide third party in an arms-length transaction, or if a Walgreens store trigger event has occurred and is continuing, in connection with a sale to a bona-fide third party in an arms-length transaction or a sale to an affiliate of the borrower and (iii) the borrower prepays the mortgage loan in an amount equal to the greater of (a) 115% of the initial loan amount allocated to the individual mortgaged property being released, and (b) with respect to the remaining individual mortgaged properties, the amount that results in (1) the LTV not exceeding 70% and (2) the DSCR being greater than or equal to 1.30x.
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, the lockout period will be at least 25 payments beginning with and including the first payment on December 1, 2016. Defeasance of the full $31.0 million Dick’s Sporting Goods Portfolio Whole Loan is permitted after the date that is two years from the closing date of the securitization that includes the last note to be securitized and December 1, 2019. The assumed lockout period is based on the expected JPMCC 2016-JP4 securitization closing date in December 2016. The actual lockout period may be longer.
   
(14) With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed and/or acquired.
   
  With respect to Loan Nos. 5, 15 and 30, Moffett Gateway, Fry 529 Retail Center and Timbergrove Heights, the related properties are newly constructed or renovated and some historical financials may not be available.
   
  With respect to Loan No. 19, Walgreens Pool 3, historical financial information is not presented as the leases are triple-net with no annual rent increases.  

 

A-1-20 
 

 

  With respect to Loan No. 20, Walgreens Pool 6, historical financial information is not presented as the leases are triple-net with no annual rent increases.  
   
  With respect to Loan No. 27, The Riviera, the 2015 Revenues ($), 2015 Total Expenses ($) and 2015 NOI ($) are based on the trailing ten-month financial data of March 1, 2015 through December 31, 2015, annualized.  
   
  With respect to Loan No. 28, HGI Kennesaw, Most Recent Revenues ($) and Most Recent NOI ($) have been adjusted to account for the two months of August and September 2016 when 35 rooms and the meeting spaces were offline due to a water sprinkler break at the property on August 10, 2016.
   
  With respect to Loan No. 31, Home2 Suites Lubbock, limited historical financial information is available as the mortgaged property was recently built in 2015 and opened in May 2015. As such, historical financials before the trailing 12-month period ending August 31, 2016 were not available.
   
  With respect to Loan No. 34, Presidents Industrial, the loan sponsors acquired the mortgaged property in connection with the origination of the mortgage loan and 2013 financial information was not made available.  
   
  With respect to Loan No. 37, Hebron Heights, the seller acquired the mortgaged property out of an REO sale in May 2013 and 2013 financial information was not available. Additionally, the loan sponsors acquired the mortgaged property in connection with the origination of the mortgage loan and the seller did not provide 2016 financial information.
   
  With respect to Loan No. 39, Dollar General Dimmitt, the property is newly constructed and historical financials are not available.
   
  With respect to Loan No. 40, Dollar General Jackson, the property is newly constructed and historical financials are not available.
   
(15) With respect to all hotel properties, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.
   
(16) The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.  
   
  With respect to Loan No. 5, Moffett Gateway, UW NOI DSCR and UW NCF DSCR were calculated based on the sum of the first 12 payments after the expiration of the interest-only period assumed principal payment schedule set forth on Annex F to the Preliminary Prospectus.  
   
  With respect to Loan No. 7, North Hills Village, UW NOI DSCR and UW NCF DSCR were calculated using the sum of principal and interest payments over the first 12 payments allocable to the mortgage loan following the Cut-off Date based on a pro rata allocation between the mortgage loan and the related subordinate companion loan of principal payable on the North Hills Village Whole Loan.
   
(17) With respect to Loan No. 1, Hilton Hawaiian Village, 5,900 square feet of the mortgaged property is a leasehold interest owned by the borrowers under a ground lease, and the remainder of the mortgaged property is owned by the borrower in fee simple.  
   
  With respect to Loan No. 3, 9 West 57th Street, the borrowers have pledged both the fee interest in the mortgaged property and the leasehold estate. The borrowers are permitted to terminate the ground lease upon certain terms and conditions in the loan documents which include, without

 

A-1-21 
 

 

  limitation, delivery of a new title policy or an endorsement to the existing title policy, confirmation that all space leases will remain in full force and effect and satisfaction of any REMIC requirements.
   
  With respect to Loan No. 7, North Hills Village, an affiliate of the borrower owns the fee interest in the mortgaged property and has joined the mortgage and pledged its interest in the property as collateral for the loan. In addition, a portion of the property consisting of the spaces leased by Staples and Duro Cleaners is subject to a prime ground lease.
   
  With respect to Loan No. 10, 925 Common, the loan is secured by the leasehold interest in the mortgaged property, which is subject to a ground lease with FCH Holdings, LLC. The ground lease expires on September 30, 2049. Annual rent under the ground lease is $212,103.
   
  With respect to Loan No. 13, Bilmar Beach Resort, the borrower has pledged both the fee interest in the mortgaged property and its leasehold interest in a reciprocal parking parcel agreement with Walgreens.
   
  With respect to Loan No. 14, 1140 Avenue of the Americas, the loan is secured by the borrower’s leasehold interests in the mortgaged property. The ground lease expires December 31, 2066. The current annual ground rent is $348,048 with an increase on January 1, 2017 to $4,746,094 and an increase on January 1, 2042 to $5,062,500. The cash flows have been underwritten at the initial renewal rent step of $4,746,094.  
   
  With respect to Loan No. 16, Arroyo South Office, the loan is collateralized by the leasehold interest in the property held by the borrower, EJM Arroyo South II Property LLC, pursuant to a 50-year ground lease which expires on January 1, 2057. The ground lessor is the County of Clark, a political subdivision of the State of Nevada. There are no fixed rent payments under the ground lease. The ground lessor is entitled to participate in excess cash flow from the property after all expenses (including, but not limited to operating expenses, capital expenses and debt service payments) have been made, and only after the loan sponsor has received a certain minimum return on its investment, which is not anticipated to occur during the term of the loan.
   
(18) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.
   
  With respect to Loan No. 4, Riverway, the borrower was required at origination to deposit into the Upfront Other Reserve ($) $271,509 for a free rent reserve, $6,984,788 for an outstanding tenant improvement reserve and $81,825 for a required immediate repairs reserve.  
   
  With respect to Loan No. 5, Moffett Gateway, the borrower was required at origination to deposit $37,575,033 for a free rent reserve into the Upfront Other Reserve ($).  
   
  With respect to Loan No. 6, Summit Mall, Upfront Other Reserve ($) represents a guaranty from the loan sponsor for outstanding tenant improvements. Within 10 days following (i) an event of default, (ii) a transfer of the entire mortgaged property (or 100% of the legal or beneficial interests in the borrower) and assumption of the loan in accordance with the loan documents, as applicable or (iii) a transfer resulting from the exercise of the lender’s rights under the loan documents or the consummation of any remedial or enforcement action by the lender (or any holder of an interest in the loan) under the loan documents or with respect to the mortgaged property, the borrower or guarantor is required to deposit cash in lieu of the guaranty.  
   
  With respect to Loan No. 7, North Hills Village, the borrower was required at origination to deposit $48,000 into the Upfront Other Reserve ($) to prepay 10 years of rent under the prime ground lease. At any time that the lender determines that the funds in the reserve are not sufficient to pay ground rent for a period of 10 years from the origination date, the borrower is required to deposit an amount equal to such deficiency. In addition, the borrower was required to

 

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  deposit $750,000 into a reserve for potential remediation in the event the related Phase II investigation recommends any environmental remediation as the result of the former and current existence of dry cleaning facilities at the mortgaged property, as well as $52,000 to purchase tail coverage under the environmental insurance policy for an additional three year period in accordance with the loan documents.  
   
  With respect to Loan No. 11, International Plaza, the loan is structured with a free rent reserve of $219,319 broken out as follows: $13,645 for Texas Instruments Inc. for its free rent period expiring January 2017; $140,167 for I&S Group for its free rent period expiring July 2018; $27,082 for Nevelex Corporation for its free rent period expiring May 2017; $22,347 for BPS Capital Management Inc. for its free rent period expiring October 2017. In addition, Consortium Health’s lease begins January 1, 2017 for which $16,078 in gap rent has been reserved.
   
  With respect to Loan No. 15, Fry 529 Retail Center, the borrower was required at origination to deposit $338,154 for outstanding tenant improvements and $50,800 for free rent reserve into the Upfront Other Reserve ($).
   
  With respect to Loan No. 17, PGA Financial Plaza, the borrower was required at origination to deposit $499,545 for outstanding tenant improvements into the Upfront Other Reserve ($).
   
  With respect to Loan No. 21, Franklin Marketplace, the loan is structured with a free rent reserve of $100,000 for Virginia College, LLC as part of their lease renewal in August 2016. The reserve will be disbursed in equal amounts each month from October 2016 through March 2017.
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, the borrowers were required at origination to deposit $22,218 into the Upfront RE Tax Reserve ($) for taxes for the Dick’s Concord and PetSmart properties. The borrowers were not required to deposit any other tax reserves in regards to any other property.
   
  With respect to Loan No. 27, The Riviera, the borrower was required at origination to deposit $78,375 for deferred maintenance into the Upfront Engin. Reserve ($).
   
  With respect to Loan No. 30, Timbergrove Heights, the borrower was required at origination to deposit $500,000 into the Upfront Other Reserve ($) in connection with nine tenants that have not taken occupancy or commenced paying rent under their respective leases. The lender is required to release such funds when the tenants take occupancy and commence paying rent in accordance with the loan documents.  
   
  With respect to Loan No. 32, Southwest Business Center, the borrower was required at origination to fund an $800,000 performance reserve in the form of a letter of credit that was delivered by the borrower at loan origination. So long as no event of default is occurring, the performance reserve will be released to the borrower upon the mortgage loan achieving a debt yield on NOI (as defined in the loan documents) of at least 9.0% for the trailing six months.
   
(19) Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents.
   
  With respect to Loan No. 1, Hilton Hawaiian Village, the borrower is required to deposit into the Monthly CapEx Reserve ($), on a monthly basis to fund the cost of replacements, an amount equal to the greater of (i) the aggregate amount of all deposits for replacements required to be deposited pursuant to any franchise or management agreement or (ii) 4.0% of gross income from operations for the two calendar months prior to the date on which the borrower is required

 

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  make such deposit. To the extent no event of default exists, the loan documents provide that the borrower will receive a credit against each monthly deposit on a dollar for dollar basis to the extent the borrower makes deposits into a similar reserve or if such amounts otherwise accounted for pursuant to the working capital peg balance held in either operating account. In addition, the Monthly RE Tax Reserve ($) and Monthly Ins. Reserve ($) are waived to the extent there is no cash sweep period continuing under the loan documents or to the extent the borrower reserve such funds with the manager or the manager pay such taxes and insurance premiums in accordance with the management agreement.  
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the Monthly RE Tax Reserve ($), Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($) are waived provided that there is no trigger period in effect. A trigger period will commence upon the occurrence and continuance of an event of default or the occurrence of the date on which the debt service coverage ratio falls below 1.45x. Following the occurrence and during the continuance of a trigger period, the borrower is required to deposit $7,670 into the Monthly CapEx Reserve ($) for replacement reserves and $46,368 into the Monthly TI/LC Reserve ($) for tenant improvements and leasing commissions.  
   
  With respect to Loan No. 3, 9 West 57th Street, in the event the debt service coverage ratio falls below 2.50x, the borrowers are required to deposit approximately $420,054 ($3.00 per square foot) into the Monthly TI/LC Reserve ($), however, the borrowers will not be required to make any such deposit (i) if the balance of the reserve is equal to or greater than $25,000,000 and (ii) if (A) the debt service coverage ratio is at least 2.50x, (B) the funds in the reserve are at least $15,000,000 and (C) the mortgaged property is occupied by tenants under leases demising at least 65.0% of the rentable square footage.
   
  With respect to Loan No. 4, Riverway, the borrower is required to deposit an amount equal to $895,380 into the Monthly RE Tax Reserve ($) on December 1, 2016, January 1, 2017 and February 1, 2017, and each month thereafter an amount equal to $500,000.  
   
  With respect to Loan No. 4, Riverway, in addition to the regular deposits of $108,640 into the Monthly TI/LC Reserve ($), following the occurrence of (a) any of the following with respect to the Largest Tenant, U.S. Foods, or the 2nd Largest Tenant, Central States Pension Fund (or their respective replacement tenants): (i) any termination or giving of notice for any termination of the related lease; (ii) the tenant going dark, vacating or ceasing operations at the related leased premises; (iii) any insolvency or bankruptcy action; or (iv) any failure to renew the related lease(s) in accordance with its terms (each, a “Tenant Trigger Event”) or (b) a withdrawal of U.S.  Foods’ credit rating (unless U.S. Foods’ rating is withdrawn solely as the result of no longer having public debt necessary to enable such rating and it maintains a net worth of at least $1 billion) or downgrading of such rating below “B2” or “B” (or the equivalent) or less by each of S&P, Moody’s and Fitch (each, a “Downgrade Trigger Event”), the borrower is required to deposit all excess cash flow after debt service, required reserves and operating expenses into the Monthly TI/LC Reserve ($). If (x) a Tenant Trigger Event has occurred with respect to U.S. Foods and one or more of Central States Pension Fund or any replacement tenant or (y) if a Tenant Trigger Event and a Downgrade Trigger Event have occurred and are simultaneously continuing, the excess cash flow deposited into the Monthly TI/LC Reserve ($) is required to be allocated to the U.S. Foods subaccount in such proportion as the lender determines in its sole but reasonable discretion. The borrower is also required to deposit any contraction or termination fees into the Monthly TI/LC Reserve ($).
   
  With respect to Loan No. 6, Summit Mall, the Monthly RE Tax Reserve ($) is waived until the occurrence of certain events set forth in the loan documents. The Monthly RE Tax Reserve ($) will commence upon (a) the occurrence and continuing of an event of default, (b) the date the debt service coverage ratio, based on the trailing four calendar quarters, falls below 2.00x for two consecutive calendar quarters (a “DSCR Trigger Event”), (c) the date (i) Macy’s closes, ceases

 

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  operation, goes dark, vacates or abandons its leased space on or prior to September 7, 2017 and (ii) the DSCR based on the trailing four calendar quarters falls below 3.00x (a “Macy’s Trigger Event”), (d) the date two or more of Macy’s, Dillards North and Dillards South close, ceases operation, go dark, vacate or abandon the space (“Anchor Trigger Event”) as permitted by the lenders and (each of (a) through (e) is a “Lockbox Event”), (e) a period when less than 70.0% of the gross leasable square footage of in-line space is subject to a lease or other occupancy agreement with the loan sponsor (“Occupancy Trigger Event”), or (f) the borrower’s failure to (i) pay all taxes prior to the assessment of any late payment penalty and the date that such taxes become delinquent or (ii) provide the lender with satisfactory evidence of the tax payment. In addition, the Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($) are waived provided that there is no Lockbox Event Period continuing. A Lockbox Event Period means the (a) the occurrence and continuance of an event of default, (b) any bankruptcy action of the borrower or any affiliated property manager (provided that the property manager is not replaced with a qualified property manager in accordance with the loan documents within 60 days), (c) the occurrence of a DSCR Trigger Event, (d) the occurrence of a Macy’s Trigger Event, (v) the occurrence of an Anchor Trigger Event or (5) the occurrence of an Occupancy Trigger Event. Following the occurrence and during the continuance of a Lockbox Event Period, the borrower is required to deposit $8,804 into the Monthly CapEx Reserve ($) for replacement reserves and $19,494 into the Monthly TI/LC Reserve ($) for tenant improvements and leasing commissions.
   
  With respect to Loan No. 7, North Hills Village, on the first payment date on which the balance in the Monthly TI/LC Reserve ($) is less than $1,000,000 and on each payment date thereafter, the borrower is required to deposit $30,378 into the reserve for tenant improvements and leasing commissions. In addition, the borrower is also required to deposit into the Monthly TI/LC Reserve ($) (i) any termination fee paid by any tenant in connection with the early termination or amendment of the related lease or reduction in rent or space and (ii) after the occurrence of a tenant trigger event related to Kohl’s, Burlington Coat Factory or Supervalu, all excess cash flow after payment of debt service, required reserves and operating expenses. A tenant trigger event will exist with respect to such tenants generally if any of the tenants fails to renew its lease in accordance with the loan documents, terminates or provides notice of its intent to terminate the related lease and/or “goes dark”, vacates or abandons the related space.  
   
  With respect to Loan No. 8, Hotel Palomar San Diego, the Monthly CapEx Reserve ($) is waived provided that (i) no event of default has occurred and is continuing, (ii) no cash sweep period is existing and (iii) the borrower has provided satisfactory evidence that the property manager is reserving at least 4.0% of gross income from operations in an reserve account held by the property manager and provides a monthly statement confirming the existence of such reserve.
   
  With respect to Loan No. 8, Hotel Palomar San Diego, during any cash sweep period triggered by a bankruptcy or insolvency action of the property manager or as the result of the debt service coverage ratio (as calculated in the loan documents) based on the trailing 12 month period falls below 1.25x, to the extent excess cash flow from the property is not sufficient to pay for debt service, required reserves and operating expenses, the lender is required to release funds in the excess cash flow reserve account to pay for such shortfall to the extent (i) there is no event of default continuing, (ii) the borrower delivers an officer’s certificate in accordance with the loan documents, and (iii) the debt service coverage ratio (as calculated in the loan documents) based on the trailing 12-month period is greater than or equal to 1.10x. To the extent that such cash sweep period continues for more than 12 consecutive months, the borrower pays for any shortfall from its own funds and not from the excess cash flow reserve account and, as a result thereof, the amount of excess cash flow actually deposited into the excess cash flow reserve account for any such 12 month period exceeds the amount of excess cash flow that would have been collected over the prior 12 month period had the borrower not paid any shortfall with its own funds (such excess is the “Seasonality Deposit”) and provided further that (i) no event of default is continuing and (ii) the borrower has delivered an officer’s certificate showing the

 

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  calculation and representing the amount of such shortfall paid with the borrower’s funds together with supporting documentation, the lender is required to transfer an amount equal to the Seasonality Deposit from the excess cash flow reserve account into the seasonality reserve fund, and the borrower is entitled to request such funds to pay for shortfalls in accordance with the loan documents.
   
  With respect to Loan No. 11, International Plaza, the loan is structured with an Upfront TI/LC Reserve ($) of $162,980 and ongoing Monthly TI/LC Reserve ($) deposits of $40,869 until the monthly payment date occurring in November 2017. On and after the monthly payment date occurring in December 2017, the ongoing Monthly TI/LC Reserve ($) will be reduced to 29,192. The Monthly Ins. Reserve ($) is waived for so long as (i) no event of default has occurred and is continuing, (ii) the debt service coverage ratio is greater than or equal to 1.10x, (iii) the mortgaged property is insured under a blanket insurance policy approved by the lender in its reasonable discretion and (iv) the borrower provides evidence that all insurance premiums have been timely made.
   
  With respect to Loan No. 18, 80 Park Plaza, a Monthly TI/LC Reserve ($) of approximately $40,029 is required if the amount in the TI/LC reserve account falls below $1,000,000 and continues until the cap of $1,000,000 is reached. Additionally, if and for so long as the sole tenant, PSEG Services Corporation is not controlled and at least 51% owned by an entity that has a senior unsecured credit rating (or the equivalent thereof) of at least (i) “BBB-” by S&P (and its equivalent or higher by each other rating agency rating the securitization), the Monthly TI/LC  Reserve ($) will be increased to approximately $120,086 or (ii) “BB” by S&P (and its equivalent or higher by each other rating agency rating the securitization), the Monthly TI/LC Reserve ($) will be increased to approximately $280,201, neither of which are subject to the cap.  Also, a Monthly CapEx Reserve ($) of approximately $16,012 is required if the amount in the replacement reserve account falls below $250,000 and continues until the cap of $1,000,000 is reached.
   
  With respect to Loan No. 19, Walgreens Pool 3, with respect to each mortgaged property, if the lender fails to receive satisfactory evidence that the related Walgreens has not elected to terminate its lease by January 2026, the lender will begin collecting a monthly reserve equal to $4.06 per square foot annually for the related mortgaged property until such time as the borrower has delivered to the lender (i) written notice that the borrower has not received notice that the related Walgreens has exercised its termination option, which notice from the borrower is required to be delivered no earlier than 15 days after the date by which the related Walgreens is required to give notice to the borrower of its election to exercise its termination option under the related lease, and (ii) a tenant estoppel certificate executed by Walgreens.  
   
  With respect to Loan No. 20, Walgreens Pool 6, with respect to each mortgaged property, if the lender fails to receive satisfactory evidence that the related Walgreens has not elected to terminate its lease by January 2026, the lender will begin collecting a monthly reserve equal to $4.06 per square foot annually for the related mortgaged property until such time as the borrower has delivered to the lender (i) written notice that the borrower has not received notice that the related Walgreens has exercised its termination option, which notice from the borrower is required to be delivered no earlier than 15 days after the date by which the related Walgreens is required to give notice to the borrower of its election to exercise its termination option under the related lease, and (ii) a tenant estoppel certificate executed by Walgreens.  
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, the deposits into the Monthly RE Tax Reserve ($) and Monthly CapEx Reserve ($) are waived to the extent (a) Dick’s Sporting Goods, PetSmart or any replacement tenant(s) is required by the terms of its lease to pay all taxes or insurance premiums, as applicable, with respect to such individual mortgaged property and (b) such tenant(s) actually pays such taxes and insurance premiums, as applicable, in full prior to the due date and provides written evidence of such payment, (c) the borrowers have

 

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  provided written evidence reasonably acceptable to lender that all such taxes or insurance premium, as applicable, for such individual mortgaged property have been paid in full prior to the due date, and (d) the applicable lease for such individual property is in full force and effect. The Monthly CapEx Reserve ($) is waived with respect to any individual property so long as (a) no event of default has occurred and is continuing and (b) the borrower provides the lender with evidence that Dick’s Sporting Goods, PetSmart and/or any replacement tenant(s) is obligated to perform all required replacements at such individual property in accordance with the terms of its lease.
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, if any individual property is released from its mortgage, then the Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($) shall be reduced per annum by an amount equal to the amount of the Monthly CapEx Reserve ($) and Monthly TI/LC Reserve ($), respectively, that was being collected by lender with respect to such individual property.
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, the Dick’s Wichita and Dick’s Fort Wayne mortgaged properties are excluded from the Monthly CapEx Reserve ($).
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, so long as there is no event of default or bankruptcy trigger, the Monthly Other Reserve ($) is subject to one-time disbursement equal to the amount of rollover reserve funds that exceed $1,000,000 on September 1, 2024.
   
  With respect to Loan No. 24, Tech Ridge Office Park, an additional Monthly TI/LC Reserve ($) representing 50.0% of excess cash flow will be swept until a $333,403.54 TI/LC reserve balance is achieved.  
   
  With respect to Loan No. 28, HGI Kennesaw, the borrower is required to deposit into the Monthly Other Reserve ($), on May 1, 2023 and on the next 35 payment dates thereafter, an amount equal to $31,667 for replacements and repairs required under any PIP related to an extension of the existing franchise agreement or a new franchise agreement. In lieu of making monthly deposits into the reserve, the borrower may deliver a letter of credit, on or prior to May 1, 2023, in an amount equal to $1,140,012.
   
  With respect to Loan No. 33, Hinesville Central, the borrower was required at origination to fund a $250,000 joint TI/LC and replacements reserve. Upon the balance in the TI/LC and replacements reserve falling below $250,000, the borrower is required to deposit $3,483 monthly into a joint TI/LC and replacements reserve. The joint TI/LC and replacements reserve is capped at $250,000. For presentation purposes, the joint TI/LC and replacements reserve is shown in the Upfront TI/LC Reserve ($) and Monthly TI/LC Reserve ($) fields.
   
  With respect to Loan No. 35, Holiday Inn Express Salina, the borrower is required to deposit 1/12 of 4% of gross revenues at the mortgaged property monthly into an FF&E reserve subject to a cap of $1,585,000. Beginning on November 18, 2018 and through the date on which the borrower executes a replacement franchise agreement (or an extension of the existing franchise agreement) for a period of not less than 10 years in form satisfactory to the lender, the borrower will be required to make monthly deposits into an FF&E reserve in an amount equal to the greater of (a) 1/12 of 4% of gross revenues at the mortgaged property and (b) the quotient resulting from (i) the difference between $1,585,000 less the balance then on deposit in the related reserve divided by (ii) 36. During this time, the borrower will not have the ability to draw from or otherwise retain a release of funds on deposit in the related reserve. In lieu of the monthly deposits into an FF&E reserve during this time, the borrower will have the option to deliver to the lender on or prior to the commencement of the forgoing referenced 36-month period an “evergreen” letter of credit in the amount of $1,585,000 less the balance then on deposit in an FF&E reserve (the “LOC”). In the event that the borrower elects to deliver the LOC in lieu of making the monthly deposits into an FF&E reserve during this 36-month period, the

 

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  borrower will not be entitled to make any draws under the LOC or to receive reimbursements from the lender with respect to any FF&E work, any costs associated with entering into, negotiating or executing a replacement franchise agreement (or any extension of the existing franchise agreement) or any work required in connection therewith.
   
  With respect to Loan No. 38, West Hills Plaza, the borrower was required at origination to fund a $330,000 joint TI/LC and replacements reserve. Upon the balance in the TI/LC and replacements reserve falling below $165,000, the borrower is required to deposit $7,903 monthly into a joint TI/LC and replacements reserve. The joint TI/LC and replacements reserve is capped at $165,000. For presentation purposes, the joint TI/LC and replacements reserve is shown in the Upfront TI/LC Reserve ($) and Monthly TI/LC Reserve ($) fields.
   
(20) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.
   
  With respect to Loan No. 8, Hotel Palomar San Diego, the seasonal working capital reserve the borrower is required to deposit into the Monthly Other Reserve ($) will be capped at the amount of $3.0 million.  
   
  With respect to Loan No. 18, 80 Park Plaza, TI/LC Reserve Cap ($) is $1,000,000. The loan documents provide for the TI/LC Reserve Cap ($) to be suspended if and for so long as PSEG Services Corporation is not controlled and at least 51% owned by an entity that has a senior unsecured credit rating of at least “BBB-” by S&P (and its equivalent or higher rating by each other rating agency rating the securitization).  
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, if, on August 31, 2024, (i) no event of default or any bankruptcy action with respect to the borrower exists and (ii) amounts on deposit in the Monthly TI/LC Reserve ($) exceed $1,000,000 (the “August 2024 Rollover Reserve Cap”), then the lender is required to make a one-time disbursement equal to the amount then in the Monthly TI/LC Reserve ($) that exceeds the August 2024 Rollover Reserve Cap to an account designated by the borrower on the next monthly debt service payment date.
   
(21) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property.
   
(22) In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.
   
  With respect to Loan No. 22, Salesforce Tower, the 2nd Largest Tenant, JPMorgan Chase Bank, National Association, consists of 85,783 square feet expiring in June 2020 and 116,522 square feet expiring in June 2025.
   
(23) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.  
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the Largest Tenant, JCPenney, has the right to purchase its leased parcel under the related lease if the tenant determines that the lease has become “uneconomical” in accordance with the lease. The borrower may nullify this purchase option and the loan agreement requires that the borrower reject any offer to purchase

 

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  the leased parcel. However, the lease provides that if the borrower rejects the offer to purchase, the lease will be terminated.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the lease for the 2nd Largest Tenant, Victoria’s Secret, contains a co-tenancy clause that requires (i) more than three “Major Tenants” (as defined in the lease) to be open for business or (ii) 70% of other stores having storefronts or entrances on the enclosed mall excluding any “Major Tenants” (each of the foregoing (i) and (ii), the “VS Co-Tenancy Requirement”) are open for business for reasons other than temporary permitted closures in accordance with the lease agreement. If the VS Co-Tenancy Requirement is breached (A) for 180 consecutive days, after such period, the tenant may pay a reduced rent of 5% of gross sales and (B) for 365 consecutive days, after such period, the tenant may terminate the lease with notice prior to the later of (i) 395 consecutive days from date the tenant was entitled to commence payment of the alternative rent, or (ii) 60 days following the date of the tenant’s notice that it is beginning the payment of alternative rent. If the tenant does not provide notice of termination as provided in the preceding sentence, the tenant is required to resume paying full rent. In addition, the lease for the 5th Largest Tenant, Anthropologie, contains a co-tenancy clause that requires (i) three or more tenants of 90,000 square feet or more to be operating or (ii) more than 65% of the total square footage of the mall (excluding the leased premises) is occupied by tenants operating (each of the foregoing (i) and (ii), the “Anthropologie Co-Tenancy Requirement”). If the Anthropologie Co-Tenancy Requirement is breached (A) for six months or more, the tenant may pay a reduced rent of 6% of gross sales, and (B) for 365 consecutive days, after such period, the tenant may terminate the lease with 60 days notice following such 365 day period. If the tenant does not provide notice of termination as provided in the preceding sentence, the tenant is required to resume paying full rent.
   
  With respect to Loan No. 3, 9 West 57th Street, the borrowers have a space lease with Solow Management Corp. which is an affiliate of the borrowers and sponsor. The 5th Largest Tenant, Providence Equity LLC, is subleasing 18,345 square feet to its affiliate, Benefit Street Partners (which is also an affiliate of BSP). Benefit Street Partners has the right to terminate its sublease in September 2022, with at least 12 months’ notice and the payment of a termination fee.
   
  With respect to Loan No. 4, Riverway, the 3rd Largest Tenant, Culligan International Company, has the right to terminate its lease as of December 31, 2019 with nine months’ notice and the payment of a termination fee equal to the sum of $664,816.  
   
  With respect to Loan No. 4, Riverway, the 2nd Largest Tenant, Central States Pension Fund, the borrower sponsor has indicated that the tenant may be facing solvency issues in the future. According to the sponsor, as of December 31, 2015, the total number of participants and beneficiaries covered by the pension plan was 397,492. Of that number, 64,527 were current employees and the remaining members were either retired and receiving benefits or retired with a right to future benefits. In May 2016, the US Department of the Treasury rejected a plan put forth by the tenant to partially reduce the pensions of 115,000 retirees and the future benefits of 155,000 current workers. According to the loan sponsor, it is anticipated that without federal assistance, the pension fund will become insolvent by the end of 2025.
   
  With respect to Loan No. 6, Summit Mall, the 3rd Largest Tenant, Gap, the 4th Largest Tenant, Express, and the 5th Largest Tenant, Versona Accessories, among other tenants, each have the right to reduce their rent and/or terminate their lease if occupancy levels decrease below certain thresholds according to their individual co-tenancy clauses. In addition, Versona Accessories has the right to terminate its lease if its adjusted gross sales (as defined in the lease) do not exceed $2,000,000 during the sixth lease year (November 1, 2017 through October 31, 2018), with 90 days’ notice and the payment of a termination fee of $400,000.  
   
  With respect to Loan No. 7, North Hills Village, the 2nd Largest Tenant, Burlington Coat Factory, has the right to terminate its lease, with 365 days’ notice and the delivery of a guaranty from

 

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  Burlington Coat Factory Warehouse Corporation. for one year’s worth of base rent, percentage rent and the tenant’s share of taxes and operating expenses. In addition, Burlington Coat Factory, among other tenants, has the right to reduce its rent and/or terminate its lease if occupancy levels decrease below certain thresholds according to co-tenancy clauses contained in the applicable lease(s).
   
  With respect to Loan No. 11, International Plaza, the Largest Tenant, Newscycle Solutions, Inc., has a contraction option to reduce the size of its seventh floor space (8,699 square feet) effective July 14, 2019. The 2nd Largest Tenant, Cisco Systems, has a contraction option to reduce the size of its space by no more than 3,000 square feet, effective June 30, 2018. The 3rd Largest Tenant, OffiCenters, has a one-time right to terminate its lease as of January 31, 2021, with 12 months’ written notice and the payment of a termination fee.
   
  With respect to Loan No. 12, Everett Plaza, the 2nd Largest Tenant, Petco, may terminate its lease with 30 days written notice to the landlord if 50.0% or more of the net rentable area remains vacant for a continuous period of one year. In addition, in the event that the retail tenants at the property are not operating for business in a minimum of 50.0% of the property’s net rentable area for a period exceeding 90 consecutive days, the tenant has the option to reduce its then minimum monthly rent by 50.0% for the entire period of such event. The 3rd Largest Tenant, Pier 1 Imports, may terminate its lease if (i) the net rentable area of the property is less than 60.0% occupied or (ii) any tenant occupying more than 20.0% of the net rentable discontinues its operations at the property and a similar tenant does not replace it within a period of 12 months. The tenant is required to exercise this right within a period of 60 days following the 12-month period by giving 60 days written notice to the landlord.
   
  With respect to Loan No. 16, Arroyo South Office, the 3rd Largest Tenant, Pulte Homes, has the one-time right to terminate its lease effective September 30, 2020 with seven months’ notice and payment of a termination fee.
   
  With respect to Loan No. 17, PGA Financial Plaza, the 3rd Largest Tenant, Raymond James &  Associates, Inc., has the right to terminate its lease as of March 31, 2021 with 12 months’ notice and the payment of a termination fee equal to the sum of $349,335 and any paid, but unearned real estate commissions paid (as defined in the lease). In addition, the 3rd Largest Tenant subleases 2,571 square feet of its total space from Lost Tree Preserve under a sublease that expires on March 31, 2017.
   
  With respect to Loan No. 19, Walgreens Portfolio 3, the sole tenant at each mortgaged property, Walgreens, has a one-time right to terminate its lease on January 31, 2027, and every five years thereafter for the rest of the lease term. The tenant must provide notice of its intent to terminate at least six months prior to each respective termination date.
   
  With respect to Loan No. 20, Walgreens Portfolio 6, the sole tenant at each mortgaged property, Walgreens, has a one-time right to terminate its lease on January 31, 2027, and every five years thereafter for the rest of the lease term. The tenant must provide notice of its intent to terminate at least six months prior to each respective termination date.
   
  With respect to Loan No. 22, Salesforce Tower, the Largest Tenant, Salesforce, if the borrower fails to deliver possession to Salesforce of any portion of the 21st or 23rd floors by February 1, 2017, then the tenant has the right to terminate its lease solely with respect to such portions of the 21st and/or the 23rd floor, with written notice at any time prior to the date that such portion is actually delivered to the tenant. If the borrower fails to deliver possession of any portion of the 22nd floor by March 1, 2017, then the tenant has the right to terminate its lease solely with respect to such portion of the 22nd floor, with written notice at any time prior to the date that such portion is actually delivered to the tenant. The 2nd Largest Tenant, JPMorgan Chase Bank, National Association, is subleasing approximately 19,214 square feet to KPMG, 15,231 square

 

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  feet to Thomas Caterers of Distinction, Inc., 13,335 square feet to Central Indiana Corporate Partnership, Inc., 12,175 square feet to the Greater Indianapolis Chamber of Commerce, Inc. and 6,614 square feet to Indianapolis Downtown, Inc. The 3rd Largest Tenant, Bose McKinney & Evans, LLP, is subleasing approximately 12,527 square feet to Caldwell Vanriper, LLC. In addition, the 4th Largest Tenant, Ernst & Young U.S. LLP, has the right to terminate its lease as of September 30, 2020 with 12 months’ notice and the payment of a termination fee.  
   
  With respect to Loan No. 23, Dick’s Sporting Goods Portfolio, the sole tenants at the Dick’s Concord, Dick’s Bloomingdale and PetSmart Concord mortgaged properties, Dick’s Sporting Goods, Dick’s Sporting Goods and PetSmart, respectively, have the right to reduce their rent and/or terminate their leases if the individual co-tenancy provisions in their related leases are breached or violated.  
   
  With respect to Loan No. 26, Market at Hilliard, the Largest Tenant, Michaels, has the option to pay the lesser of (i) 2% of gross sales and (ii) basic rent (as further described in the related lease) if less than 60% of the gross leasable area is open for business at the mortgaged property. If the related co-tenancy provision continues for 18 months, Michaels may terminate its lease. The 2nd Largest Tenant, Bed Bath & Beyond, has the option to pay reduced rent equal to 3% of gross sale if (i) the non-collateral Giant Eagle and (ii) either the non-collateral Kohl’s or Target are not open for business. If the related co-tenancy provisions continue for 365 days, Bed Bath & Beyond may terminate its lease. The 3rd Largest Tenant, OfficeMax, has the option to pay the lesser of (i) 3% of gross sales and (ii) basic rent, as further described in the related lease, if less two major tenants (as further described in the related lease) are open for business at the mortgaged property. If the related co-tenancy provisions continue for one year, OfficeMax may terminate its lease. The 4th Largest Tenant, Old Navy, has the option to pay 50% of the basic rent for the first three months of the operating requirements failure (as further described in the related lease) and 25% of basic rent thereafter if an operating requirement failure occurs for a continuous period of six months. If the related co-tenancy provision continues for 12 months, Old Navy may terminate its lease. The 5th Largest Tenant, Famous Footwear, has the option to pay 6% of gross sales in lieu of basic rent if two anchor tenants, such as Old Navy, Michaels and Bed Bath & Beyond, are not open for business. If the related co-tenancy provision continues for 12 months, Famous Footwear may terminate its lease.  
   
  With respect to Loan No. 29, Buckhorn Plaza, the Largest Tenant, Marshalls, has the option to pay reduced rent if (i) the non-collateral Walmart is not open for business, (ii) the non-collateral Lowe’s is not open for business and (iii) less than 70% of the remaining gross leasable area at the mortgaged property is open for business.
   
  With respect to Loan No. 33, Hinesville Central, the Largest Tenant, Hibbett Sporting Goods, has the right to terminate its lease if gross sales do not exceed $2,000,000 during the period between August 1, 2019 and July 31, 2020. Additionally, Hibbett Sporting Goods has the option to pay reduced rent equal to 2% of gross sales if the non-collateral Walmart Supercenter is not open for business. If the non-collateral Walmart Supercenter remains closed for 12 months, Hibbett Sporting Goods has the right to terminate its lease or begin paying full rent due. If 50% of the gross leasable area at the mortgaged property is not open for business, Hibbett Sporting Goods has the right to terminate its lease. The 2nd Largest Tenant, Shoe Show, has the right to pay reduced rent equal to 50% of minimum rent due if the non-collateral Walmart Supercenter vacates its premises and has the right to terminate its lease or return to paying full rent due if such co-tenancy condition is not cured within six months. The 5th Largest Tenant, GameStop, has the right to pay 50% of minimum rent due if the non-collateral Walmart Supercenter vacates and is not replaced by a comparable anchor tenant and has the right to terminate its lease if such co-tenancy condition is not cured within 12 months.

 

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  With respect to Loan No. 34, Presidents Industrial, the 5th Largest Tenant, Wartsila Funa International, Inc., has the option to terminate its lease effective April 1, 2019, April 1, 2020 and April 1, 2021 with six months’ notice and payment of a termination fee.
   
  With respect to Loan No. 38, West Hills Plaza, the 5th Largest Tenant, Shoe Show, has the option to pay reduced rent equal to 5% of gross sales if less than 60% of the leasable space at the mortgaged property is open for business. If the related co-tenancy provision continues for 60 days, Shoe Show has the right to terminate its lease.
   
(24) In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes.
   
  With respect to Loan No. 1, Hilton Hawaiian Village, the aggregate liability of the Principal / Carveout Guarantor with respect to all full recourse carveouts in the loan documents may not exceed an amount equal to 10% of the principal balance of the Hilton Hawaiian Village Whole Loan outstanding at the time of the occurrence of such event, plus any and all reasonable third-party collection costs actually incurred by the lender (including reasonable attorneys’ fees and costs reasonably incurred). In addition, the Principal / Carveout Guarantor is not a party to the environmental indemnity, and the borrowers are the sole parties liable for any breaches or violations of the indemnity. In lieu of the Principal / Carveout Guarantor signing the indemnity, the borrowers were required to obtain an environmental insurance policy in accordance with the loan documents.
   
  With respect to Loan No. 5, Moffett Gateway, the borrower is permitted to obtain the release of Joseph K. Paul and Jay Paul Revocable Living Trust Dated November 9, 1999, as Amended and Restated on March 19, 2010, on certain terms and conditions in the loan documents, which include, without limitation (i) no event of default has occurred and is then continuing, (ii) such release is permitted by then applicable REMIC requirements and (iii) Paul Guarantor LLC has a net worth of not less than $300,000,000 and liquidity of not less than $20,000,000.
   
  With respect to Loan No. 6, Summit Mall, the obligations and liabilities of the Principal / Carveout Guarantor is capped at $17,000,000 under the non-recourse carveout guaranty, plus all reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the guaranty or the preservations of the lender’s rights under the guaranty.
   
  With respect to Loan No. 7, North Hills Village, the Principal / Carveout Guarantor is not a party to the environmental indemnity. J.J. Gumberg Co. has signed the environmental indemnity in addition to the related borrower. In addition, the borrower was required to obtain environmental insurance in accordance with the loan documents.
   
(25) The classification of the lockbox types is described in the preliminary prospectus. See  “Description of the Mortgage Pool – Lockbox Accounts” for further details.
   
  With respect to Loan Nos. 13 and 23, Bilmar Beach Resort and Dick’s Sporting Goods Portfolio, the related borrowers may prevent or cure an excess cash sweep trigger caused by a low debt service coverage ratio by providing a letter of credit in an amount that, if used to reduce the outstanding principal amount of the loan, would otherwise prevent or cure such trigger.
   
(26) With respect to Loan No. 9, Redwood MHC Portfolio, the Redwood MHC Portfolio Whole Loan will be serviced under the JPMCC 2016-JP4 Pooling and Servicing Agreement until such time that the controlling pari passu companion loan is securitized, at which point the Redwood MHC Portfolio Whole Loan will be serviced under the related pooling and servicing agreement. The initial controlling noteholder is LCF, or an affiliate, as holder of the related controlling pari passu companion loan.

 

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(27) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.
   
  With respect to Loan No. 2, Fresno Fashion Fair Mall, the loan documents permit the borrower to enter into a Property Assessed Clean Energy (PACE) loan that is repaid through multi-year assessments against the property in an amount not to exceed $10,000,000, subject to the lender’s consent (which may not be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation. The borrower may also incur personal property purchase money financing and leases up to an aggregate amount of not greater than $2,000,000 (except for equipment leases associated with sustainability and environmental initiatives provided the same do not, in and of themselves, secure an aggregate amount in excess of $5,000,000). See “Description of the Mortgage Pool—Additional Debt—Other Secured Indebtedness” in the preliminary prospectus for additional information.
   
  With respect to Loan No. 6, Summit Mall, the loan documents permit the borrower to enter into a Property Assessed Clean Energy (PACE) loan that is repaid through multi-year assessments against the property in an amount not to exceed $5,000,000, subject to the lender’s consent (which may not be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation.

 

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