FWP 1 n802_anxa1-x8.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207567-04
     

 

     
  CFCRE 2016-C7  
     
 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (File No. 333-207567) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission 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 Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Cantor Fitzgerald & Co., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling 1-212-915-1700 or by emailing legal@ccre.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

 

This free writing prospectus does not contain all information that is required to be included in the prospectus and the prospectus supplement.

 

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

 

This material is for your information, and none of Cantor Fitzgerald & Co., UBS Securities LLC, Societe Generale and CastleOak Securities, L.P. or any other underwriter (the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any secuderity in any jurisdiction where such an offer or solicitation would be illegal.

 

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the CFCRE 2016-C7 Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.

 

This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

 

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

 
     

 

 

CFCRE 2016-C7                                        
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES                              
                                             
      % of   Mortgage   Cut-off       General Detailed      Net Mortgage Interest Original Remaining Original Remaining   First
Property     Initial Pool # of Loan Original Date    Maturity   Property Property Interest Administrative Interest Accrual  Term to Term to  Amortization Amortization Origination Payment
Flag ID Property Name Balance Properties Seller(1) Balance($)(2)(3) Balance($)(2)(3)(8)   or ARD Balance($)(8)   Type(4)(5) Type Rate(6)(8) Fee Rate(7) Rate Basis Maturity or ARD(6) Maturity or ARD(6) Term(8) Term(8) Date Date
Loan 1 Hilton Hawaiian Village (33)(34) 8.7% 1 CCRE 56,625,000 56,625,000   56,625,000   Hospitality Full Service 4.1995% 0.0138% 4.1857% Actual/360 120 119 0 0 10/24/2016 12/01/2016
Loan 2 25 Senate Place Jersey City (35) 8.6% 1 CCRE 56,000,000 56,000,000   46,117,136   Multifamily Mid Rise 4.4398214% 0.0388% 4.4011% Actual/360 120 120 360 360 11/14/2016 01/06/2017
Loan 3 Google Kirkland Campus Phase II (33) 7.7% 1 CCRE 50,000,000 50,000,000   50,000,000   Office Suburban 3.6739% 0.0393% 3.6346% Actual/360 120 119 0 0 11/03/2016 12/06/2016
Loan 4 Fresno Fashion Fair (33) 6.3% 1 SG 41,000,000 41,000,000   41,000,000   Retail Regional Mall 3.5870% 0.0151% 3.5719% Actual/360 120 119 0 0 10/06/2016 12/01/2016
Loan 5 Potomac Mills (33)(34) 6.2% 1 SG/CCRE 40,500,000 40,500,000   40,500,000   Retail Regional Mall 2.988213% 0.0151% 2.9731% Actual/360 120 119 0 0 10/05/2016 12/01/2016
Loan 6 681 Fifth Avenue (33) 5.2% 1 UBSAG 34,000,000 34,000,000   34,000,000   Mixed Use Retail/Office 4.1265% 0.0151% 4.1114% Actual/360 120 119 0 0 11/04/2016 12/06/2016
Loan 7 Walgreens Net Lease Portfolio 3 5.0% 10 CCRE 32,868,038 32,868,038   32,868,038   Retail Single Tenant 4.5930% 0.0388% 4.5542% Actual/360 120 120 0 0 11/15/2016 01/01/2017
Property 7.01 Walgreens - Nashville 0.6% 1 CCRE 3,821,679 3,821,679       Retail Single Tenant                    
Property 7.02 Walgreens - Munford 0.5% 1 CCRE 3,397,047 3,397,047       Retail Single Tenant                    
Property 7.03 Walgreens - Cordova 0.5% 1 CCRE 3,361,065 3,361,065       Retail Single Tenant                    
Property 7.04 Walgreens - Omaha 0.5% 1 CCRE 3,300,349 3,300,349       Retail Single Tenant                    
Property 7.05 Walgreens - Newport 0.5% 1 CCRE 3,294,378 3,294,378       Retail Single Tenant                    
Property 7.06 Walgreens - Newberry 0.5% 1 CCRE 3,221,021 3,221,021       Retail Single Tenant                    
Property 7.07 Walgreens - Yankton 0.5% 1 CCRE 3,205,460 3,205,460       Retail Single Tenant                    
Property 7.08 Walgreens - Pierre 0.5% 1 CCRE 3,203,058 3,203,058       Retail Single Tenant                    
Property 7.09 Walgreens - Manchester 0.5% 1 CCRE 3,034,295 3,034,295       Retail Single Tenant                    
Property 7.10 Walgreens - Lexington 0.5% 1 CCRE 3,029,686 3,029,686       Retail Single Tenant                    
Loan 8 FedEx Distribution Portfolio 4.9% 4 CCRE 31,875,000 31,875,000   26,509,247   Industrial Warehouse/Distribution 5.3630% 0.0388% 5.3242% Actual/360 120 120 360 360 11/18/2016 01/06/2017
Property 8.01 Athens 2.2% 1 CCRE 14,102,753 14,102,753       Industrial Warehouse/Distribution                    
Property 8.02 Middleboro 1.1% 1 CCRE 7,066,243 7,066,243       Industrial Warehouse/Distribution                    
Property 8.03 New Stanton 0.9% 1 CCRE 5,970,768 5,970,768       Industrial Warehouse/Distribution                    
Property 8.04 Cambridge 0.7% 1 CCRE 4,735,236 4,735,236       Industrial Warehouse/Distribution                    
Loan 9 Library Hotel 4.7% 1 CCRE 31,000,000 31,000,000   27,562,881   Hospitality Full Service 5.2000% 0.0463% 5.1537% Actual/360 120 120 360 360 11/08/2016 01/06/2017
Loan 10 Walgreens Net Lease Portfolio 2 4.6% 9 CCRE 30,087,937 30,087,937   30,087,937   Retail Single Tenant 4.5930% 0.0388% 4.5542% Actual/360 120 120 0 0 11/15/2016 01/01/2017
Property 10.01 Walgreens - St. Louis 0.6% 1 CCRE 3,655,201 3,655,201       Retail Single Tenant                    
Property 10.02 Walgreens - Brooklyn Park 0.5% 1 CCRE 3,407,532 3,407,532       Retail Single Tenant                    
Property 10.03 Walgreens - Woodbury 0.5% 1 CCRE 3,407,532 3,407,532       Retail Single Tenant                    
Property 10.04 Walgreens - Saint Peters 0.5% 1 CCRE 3,351,538 3,351,538       Retail Single Tenant                    
Property 10.05 Walgreens - Lake St. Louis 0.5% 1 CCRE 3,297,828 3,297,828       Retail Single Tenant                    
Property 10.06 Walgreens - Pineville 0.5% 1 CCRE 3,294,378 3,294,378       Retail Single Tenant                    
Property 10.07 Walgreens - St. Joseph 0.5% 1 CCRE 3,253,386 3,253,386       Retail Single Tenant                    
Property 10.08 Walgreens - Shepherdsville 0.5% 1 CCRE 3,221,021 3,221,021       Retail Single Tenant                    
Property 10.09 Walgreens - Paducah 0.5% 1 CCRE 3,199,521 3,199,521       Retail Single Tenant                    
Loan 11 Lennox Shopping Center 3.5% 1 SG 23,000,000 22,967,126   18,297,344   Retail Anchored 4.0450% 0.0188% 4.0262% Actual/360 120 119 360 359 10/07/2016 12/01/2016
Loan 12 Embassy Suites Ayrsley Charlotte 3.4% 1 SG 22,500,000 22,415,922   18,275,321   Hospitality Full Service 4.6400% 0.0188% 4.6212% Actual/360 120 117 360 357 08/31/2016 10/01/2016
Loan 13 Melohn Multifamily Portfolio I 3.4% 4 CCRE 22,100,000 22,100,000   18,565,883   Multifamily Garden 5.6890% 0.0388% 5.6502% Actual/360 120 120 360 360 11/21/2016 01/06/2017
Property 13.01 Dover Place 1.9% 1 CCRE 12,557,571 12,557,571       Multifamily Garden                    
Property 13.02 Cedarwood 0.6% 1 CCRE 3,976,012 3,976,012       Multifamily Garden                    
Property 13.03 Willowood 0.6% 1 CCRE 3,976,012 3,976,012       Multifamily Garden                    
Property 13.04 Amberidge 0.2% 1 CCRE 1,590,405 1,590,405       Multifamily Garden                    
Loan 14 Mariano’s Bronzeville 2.9% 1 CCRE 19,000,000 19,000,000   19,000,000   Retail Single Tenant 4.1550% 0.0388% 4.1162% Actual/360 120 119 0 0 10/24/2016 12/06/2016
Loan 15 Plaza on 8th 2.6% 1 UBSAG 17,000,000 17,000,000   14,986,975   Mixed Use Office/Retail 4.8100% 0.0188% 4.7912% Actual/360 120 120 360 360 11/21/2016 01/06/2017
Loan 16 Venice Portfolio 2.5% 3 CCRE 16,000,000 16,000,000   16,000,000   Mixed Use Various 4.9710% 0.0388% 4.9322% Actual/360 120 120 0 0 11/18/2016 01/06/2017
Property 16.01 425-431 Ocean Front Walk 1.1% 1 CCRE 7,400,000 7,400,000       Mixed Use Multifamily/Retail                    
Property 16.02 80 Windward 0.7% 1 CCRE 4,800,000 4,800,000       Mixed Use Retail/Office                    
Property 16.03 1711-1715 Pacific Avenue 0.6% 1 CCRE 3,800,000 3,800,000       Mixed Use Retail/Office                    
Loan 17 Lubbock Parkade 2.1% 1 UBSAG 13,750,000 13,750,000   10,835,019   Retail Anchored 4.9740% 0.0188% 4.9552% Actual/360 120 120 330 330 11/21/2016 01/06/2017
Loan 18 Residence Inn by Marriott LAX (33)(36) 2.1% 1 CCRE 13,500,000 13,401,782   11,248,934   Hospitality Extended Stay 5.4190% 0.0351% 5.3839% Actual/360 120 113 360 353 04/18/2016 06/06/2016
Loan 19 Kirlin Industries 2.0% 1 CCRE 13,200,000 13,200,000   12,183,690   Industrial Flex 5.0560% 0.0388% 5.0172% Actual/360 120 120 360 360 11/15/2016 01/06/2017
Loan 20 2500 Sweetwater Springs 1.6% 1 SG 10,400,000 10,400,000   8,995,371   Industrial Warehouse/Distribution 4.9850% 0.0188% 4.9662% Actual/360 120 120 360 360 11/21/2016 01/01/2017
Loan 21 Duravant FMH Conveyors 1.3% 1 UBSAG 8,742,500 8,742,500   7,719,877   Industrial Warehouse/Distribution 4.8835% 0.0188% 4.8647% Actual/360 120 120 360 360 11/18/2016 01/06/2017
Loan 22 Gander Mountain 1.2% 1 CCRE 7,625,000 7,607,156   6,237,377   Retail Single Tenant 4.8500% 0.0388% 4.8112% Actual/360 120 118 360 358 09/27/2016 11/06/2016
Loan 23 Fresenius Cleveland 1.1% 1 CCRE 6,985,000 6,985,000   6,425,857   Office Medical 4.8395% 0.0863% 4.7532% Actual/360 120 119 360 360 10/27/2016 12/06/2016
Loan 24 Shopko Neenah 1.0% 1 CCRE 6,632,500 6,632,500   5,052,837   Retail Single Tenant 5.5290% 0.0863% 5.4427% Actual/360 120 120 300 300 11/18/2016 01/06/2017
Loan 25 Altama Village 0.9% 1 CCRE 6,000,000 6,000,000   5,016,480   Retail Anchored 5.5330% 0.0388% 5.4942% Actual/360 120 120 360 360 11/18/2016 01/06/2017
Loan 26 KB Texas Dialysis Portfolio 0.9% 2 CCRE 5,950,000 5,950,000   5,477,704   Office Medical 4.8870% 0.0863% 4.8007% Actual/360 120 119 360 360 10/31/2016 12/06/2016
Property 26.01 Fresenius Houston 0.5% 1 CCRE 3,061,000 3,061,000       Office Medical                    
Property 26.02 Fresenius Crockett 0.4% 1 CCRE 2,889,000 2,889,000       Office Medical                    
Loan 27 Shopko Winona 0.8% 1 CCRE 5,377,500 5,377,500   4,096,741   Retail Single Tenant 5.5290% 0.0863% 5.4427% Actual/360 120 120 300 300 11/18/2016 01/06/2017
Loan 28 Leisure Village MHC 0.8% 1 UBSAG 4,950,000 4,950,000   4,218,886   Manufactured Housing Community Manufactured Housing Community 5.3359% 0.0188% 5.3171% Actual/360 120 120 360 360 11/18/2016 01/06/2017
Loan 29 Rock Springs Retail Portfolio 0.6% 2 CCRE 4,050,000 4,050,000   3,366,962   Retail Various 5.3510% 0.0388% 5.3122% Actual/360 120 120 360 360 11/22/2016 01/06/2017
Property 29.01 1977 Dewar Drive 0.4% 1 CCRE 2,360,000 2,360,000       Retail Unanchored                    
Property 29.02 101 Gateway Blvd. 0.3% 1 CCRE 1,690,000 1,690,000       Retail Shadow Anchored                    
Loan 31 Sunrise Plaza 0.6% 1 CCRE 3,700,000 3,700,000   3,204,184   Retail Anchored 5.0350% 0.0388% 4.9962% Actual/360 120 119 360 360 10/17/2016 12/06/2016
Loan 30 The Shoppes at Lakeline 0.6% 1 SG 3,700,000 3,700,000   3,700,000   Retail Shadow Anchored 3.9740% 0.0188% 3.9552% Actual/360 120 119 0 0 10/20/2016 12/01/2016
Loan 32 Oswego Commons 0.5% 1 SG 3,250,000 3,250,000   3,250,000   Retail Shadow Anchored 4.0750% 0.0188% 4.0562% Actual/360 120 119 0 0 10/31/2016 12/01/2016
Loan 33 The Orchards Shopping Center 0.5% 1 UBSAG 3,187,500 3,187,500   2,684,585   Retail Anchored 5.7730% 0.0188% 5.7542% Actual/360 120 120 360 360 11/23/2016 01/06/2017
Loan 34 JR Automation 0.4% 1 CCRE 2,690,000 2,690,000   2,690,000   Industrial Manufacturing 4.5440% 0.0388% 4.5052% Actual/360 120 120 0 0 11/08/2016 01/06/2017
Loan 35 Walgreens Adrian, MI 0.4% 1 CCRE 2,330,000 2,325,765   1,707,448   Retail Single Tenant 4.4650% 0.0863% 4.3787% Actual/360 120 119 300 299 11/03/2016 12/06/2016
Loan 36 Shoppes of New Philadelphia 0.3% 1 CCRE 1,875,000 1,875,000   1,578,788   Retail Shadow Anchored 5.7650% 0.0588% 5.7062% Actual/360 120 120 360 360 11/21/2016 01/06/2017
Loan 37 Show Low Retail 0.3% 1 CCRE 1,700,000 1,700,000   1,593,707   Retail Shadow Anchored 6.1670% 0.0388% 6.1282% Actual/360 60 60 360 360 11/16/2016 01/06/2017

 

 

A-1-1 

 

 

CFCRE 2016-C7                                        
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
                Pari Passu  Pari Passu                           
            Monthly Annual Companion Loan Companion Loan Remaining     Crossed   Underwritten Underwritten         FIRREA Cut-Off
Property     Maturity ARD Loan Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related NOI DSCR NCF DSCR Grace Payment Appraised Appraisal Compliant Date LTV
Flag ID Property Name or ARD Date(6) (Yes/No)(6) Maturity Date(6) Service($)(8)(9) Service($)(8)(9) Service($) Service($) Period  Lockbox(10)   Management(11)  Other Loans Borrower (8)(9)(12)(13) (8)(9)(12)(13) Period(14) Date Value ($)(15) As-of Date(15) (Yes/No) Ratio (8)(12)(13)(15)
Loan 1 Hilton Hawaiian Village (33)(34) 11/01/2026 No 11/01/2026 200,916 2,410,994 2,270,752 27,249,024 119 Hard Springing No   4.98x 4.47x 0 1 2,230,000,000 08/30/2016 Yes 31.2%
Loan 2 25 Senate Place Jersey City (35) 12/06/2026 No 12/06/2026 273,583 3,282,996     0 Soft Springing No   1.52x 1.50x 3 6 101,000,000 10/18/2016 Yes 55.4%
Loan 3 Google Kirkland Campus Phase II (33) 11/06/2026 No 11/06/2026 155,205 1,862,463 69,842 838,108 119 Springing Hard Springing No   2.64x 2.56x 0 6 146,000,000 07/27/2016 Yes 49.7%
Loan 4 Fresno Fashion Fair (33) 11/01/2026 No 11/01/2026 124,258 1,491,096 860,714 10,328,567 119 Hard Springing No   2.22x 2.14x 0 1 565,000,000 08/24/2016 Yes 57.5%
Loan 5 Potomac Mills (33)(34) 11/01/2026 No 11/01/2026 102,253 1,227,035 632,453 7,589,438 119 Hard Springing No   4.57x 4.39x 0 1 765,000,000 09/12/2016 Yes 38.0%
Loan 6 681 Fifth Avenue (33) 11/06/2026 No 11/06/2026 118,541 1,422,496 631,058 7,572,701 119 Hard In Place No   1.73x 1.67x 0 6 440,000,000 10/01/2016 Yes 48.9%
Loan 7 Walgreens Net Lease Portfolio 3 12/01/2026 Yes 12/01/2031 127,550 1,530,596     120 Hard In Place No Yes - A 2.04x 2.02x 5 1 59,820,000 Various Yes 54.9%
Property 7.01 Walgreens - Nashville                                 7,100,000 09/23/2016 Yes  
Property 7.02 Walgreens - Munford                                 6,300,000 09/19/2016 Yes  
Property 7.03 Walgreens - Cordova                                 6,250,000 09/19/2016 Yes  
Property 7.04 Walgreens - Omaha                                 6,140,000 09/27/2016 Yes  
Property 7.05 Walgreens - Newport                                 5,850,000 09/23/2016 Yes  
Property 7.06 Walgreens - Newberry                                 6,000,000 09/22/2016 Yes  
Property 7.07 Walgreens - Yankton                                 5,690,000 09/21/2016 Yes  
Property 7.08 Walgreens - Pierre                                 5,690,000 09/21/2016 Yes  
Property 7.09 Walgreens - Manchester                                 5,400,000 09/23/2016 Yes  
Property 7.10 Walgreens - Lexington                                 5,400,000 09/27/2016 Yes  
Loan 8 FedEx Distribution Portfolio 12/06/2026 No 12/06/2026 178,252 2,139,029     0 Hard Springing No   1.37x 1.26x 0 6 45,580,000 Various Yes 69.9%
Property 8.01 Athens                                 19,500,000 09/09/2016 Yes  
Property 8.02 Middleboro                                 10,000,000 09/08/2016 Yes  
Property 8.03 New Stanton                                 9,500,000 09/07/2016 Yes  
Property 8.04 Cambridge                                 6,580,000 09/02/2016 Yes  
Loan 9 Library Hotel 12/06/2026 No 12/06/2026 170,224 2,042,692     36 Hard Springing No   1.58x 1.41x 0 6 50,500,000 10/01/2016 Yes 61.4%
Loan 10 Walgreens Net Lease Portfolio 2 12/01/2026 Yes 12/01/2031 116,761 1,401,133     120 Hard In Place No Yes - A 2.04x 2.02x 5 1 53,690,000 Various Yes 56.0%
Property 10.01 Walgreens - St. Louis                                 6,490,000 09/22/2016 Yes  
Property 10.02 Walgreens - Brooklyn Park                                 6,050,000 09/27/2016 Yes  
Property 10.03 Walgreens - Woodbury                                 6,050,000 09/27/2016 Yes  
Property 10.04 Walgreens - Saint Peters                                 5,950,000 09/20/2016 Yes  
Property 10.05 Walgreens - Lake St. Louis                                 5,850,000 09/20/2016 Yes  
Property 10.06 Walgreens - Pineville                                 5,850,000 09/28/2016 Yes  
Property 10.07 Walgreens - St. Joseph                                 5,775,000 09/27/2016 Yes  
Property 10.08 Walgreens - Shepherdsville                                 6,000,000 09/23/2016 Yes  
Property 10.09 Walgreens - Paducah                                 5,675,000 09/23/2016 Yes  
Loan 11 Lennox Shopping Center 11/01/2026 No 11/01/2026 110,403 1,324,837     0 Springing Hard Springing No   1.71x 1.59x 0 1 35,885,000 09/02/2016 Yes 64.0%
Loan 12 Embassy Suites Ayrsley Charlotte 09/01/2026 No 09/01/2026 115,883 1,390,602     0 Springing Hard Springing No   2.06x 1.76x 5 1 37,200,000 07/27/2016 Yes 60.3%
Loan 13 Melohn Multifamily Portfolio I 12/06/2026 No 12/06/2026 128,114 1,537,374     0 Soft Springing No   1.38x 1.28x 0 6 33,350,000 Various Yes 66.3%
Property 13.01 Dover Place                                 18,950,000 11/08/2016 Yes  
Property 13.02 Cedarwood                                 6,000,000 11/08/2016 Yes  
Property 13.03 Willowood                                 6,000,000 11/10/2016 Yes  
Property 13.04 Amberidge                                 2,400,000 11/11/2016 Yes  
Loan 14 Mariano’s Bronzeville 11/06/2026 No 11/06/2026 66,701 800,415     119 Springing Hard Springing No   2.50x 2.49x 0 6 37,175,000 10/02/2016 Yes 51.1%
Loan 15 Plaza on 8th 12/06/2026 No 12/06/2026 89,296 1,071,551     36 Springing Hard Springing No   1.51x 1.46x 0 6 26,300,000 10/03/2016 Yes 64.6%
Loan 16 Venice Portfolio 12/06/2026 No 12/06/2026 67,201 806,407     120 Soft Springing Hard Springing No   2.03x 1.97x 0 6 35,500,000 08/08/2016 Yes 45.1%
Property 16.01 425-431 Ocean Front Walk                                 16,900,000 08/08/2016 Yes  
Property 16.02 80 Windward                                 10,600,000 08/08/2016 Yes  
Property 16.03 1711-1715 Pacific Avenue                                 8,000,000 08/08/2016 Yes  
Loan 17 Lubbock Parkade 12/06/2026 No 12/06/2026 76,540 918,482     0 Hard Springing No   1.53x 1.42x 0 6 20,740,000 09/07/2016 Yes 66.3%
Loan 18 Residence Inn by Marriott LAX (33)(36) 05/06/2026 No 05/06/2026 75,967 911,602 225,087 2,701,044 0 Hard Springing No   1.74x 1.56x 0 6 82,500,000 03/01/2017 Yes 64.4%
Loan 19 Kirlin Industries 12/06/2026 No 12/06/2026 71,313 855,755     60 Hard Springing No Yes - B 1.48x 1.41x 0 6 20,500,000 10/18/2016 Yes 64.4%
Loan 20 2500 Sweetwater Springs 12/01/2026 No 12/01/2026 55,734 668,810     24 Springing Hard Springing No   1.67x 1.48x 0 1 16,970,000 10/25/2016 Yes 61.3%
Loan 21 Duravant FMH Conveyors 12/06/2026 No 12/06/2026 46,311 555,734     36 Hard In Place No Yes - B 1.63x 1.55x 0 6 13,550,000 10/06/2016 Yes 64.5%
Loan 22 Gander Mountain 10/06/2026 No 10/06/2026 40,237 482,838     0 Hard Springing No   1.50x 1.42x 0 6 10,750,000 07/14/2016 Yes 70.8%
Loan 23 Fresenius Cleveland 11/06/2026 No 11/06/2026 36,815 441,778     59 Hard Springing No Yes - C 1.46x 1.38x 0 6 10,790,000 10/20/2016 Yes 64.7%
Loan 24 Shopko Neenah 12/06/2026 No 12/06/2026 40,844 490,132     0 Springing Hard Springing No Yes - D 1.42x 1.31x 0 6 9,800,000 10/17/2016 Yes 67.7%
Loan 25 Altama Village 12/06/2026 No 12/06/2026 34,192 410,300     0 Springing Hard Springing No Yes - E 1.59x 1.45x 0 6 9,200,000 02/01/2017 Yes 65.2%
Loan 26 KB Texas Dialysis Portfolio 11/06/2026 No 11/06/2026 31,531 378,375     59 Hard Springing No Yes - C 1.51x 1.47x 0 6 9,235,000 Various Yes 64.4%
Property 26.01 Fresenius Houston                                 4,710,000 10/04/2016 Yes  
Property 26.02 Fresenius Crockett                                 4,525,000 10/05/2016 Yes  
Loan 27 Shopko Winona 12/06/2026 No 12/06/2026 33,116 397,389     0 Springing Hard Springing No Yes - D 1.45x 1.32x 0 6 8,000,000 10/20/2016 Yes 67.2%
Loan 28 Leisure Village MHC 12/06/2026 No 12/06/2026 27,598 331,176     12 Springing Soft Springing No   1.63x 1.59x 0 6 7,510,000 10/06/2016 Yes 65.9%
Loan 29 Rock Springs Retail Portfolio 12/06/2026 No 12/06/2026 22,618 271,419     0 Hard Springing No   1.58x 1.48x 0 6 6,160,000 10/07/2016 Yes 65.7%
Property 29.01 1977 Dewar Drive                                 3,460,000 10/07/2016 Yes  
Property 29.02 101 Gateway Blvd.                                 2,700,000 10/07/2016 Yes  
Loan 31 Sunrise Plaza 11/06/2026 No 11/06/2026 19,942 239,299     23 Springing Hard Springing No Yes - E 1.66x 1.43x 0 6 5,500,000 09/07/2016 Yes 67.3%
Loan 30 The Shoppes at Lakeline 11/01/2026 No 11/01/2026 12,423 149,080     119 Springing Hard Springing No Yes - F 2.48x 2.41x 5 1 7,150,000 09/29/2016 Yes 51.7%
Loan 32 Oswego Commons 11/01/2026 No 11/01/2026 11,190 134,277     119 Springing Hard Springing No Yes - F 2.87x 2.73x 5 1 6,300,000 09/26/2016 Yes 51.6%
Loan 33 The Orchards Shopping Center 12/06/2026 No 12/06/2026 18,648 223,776     0 Hard Springing No   1.63x 1.47x 0 6 4,690,000 09/08/2016 Yes 68.0%
Loan 34 JR Automation 12/06/2026 No 12/06/2026 10,328 123,931     120 Hard Springing No Yes - B 2.83x 2.48x 0 6 5,170,000 10/17/2016 Yes 52.0%
Loan 35 Walgreens Adrian, MI 11/06/2026 No 11/06/2026 12,905 154,856     0 Springing Hard Springing No   2.07x 2.01x 0 6 5,330,000 09/01/2016 Yes 43.6%
Loan 36 Shoppes of New Philadelphia 12/06/2026 No 12/06/2026 10,960 131,518     0 Hard Springing No   1.45x 1.36x 0 6 2,950,000 09/23/2016 Yes 63.6%
Loan 37 Show Low Retail 12/06/2021 No 12/06/2021 10,376 124,507     0 Hard Springing No   1.44x 1.40x 0 6 2,810,000 09/26/2016 Yes 60.5%

 

A-1-2 

 

 

CFCRE 2016-C7                                  
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
                      Net   Loan per Net            
      LTV Ratio at               Rentable Area Units Rentable Area            
Property     Maturity or            Year Year (Sq. Ft./Units/ of (Sq. Ft./Units/Rooms/   Prepayment Provisions Most Recent Operating  Most Recent Most Recent Most Recent
Flag ID Property Name ARD(8)(12)(13)(15) Address City County State Zip Code Built Renovated Rooms/Pads)(4) Measure(4) Pads) ($)(4)(12)(13)   (# of payments)(16)(17)(18) Statements Date EGI ($) Expenses($) NOI($)
Loan 1 Hilton Hawaiian Village (33)(34) 31.2% 2005 Kalia Road Honolulu Honolulu HI 96815 1961 2016 2,860 Rooms 243,566   L(25), DorYM1(88), O(7) T-12 9/30/2016 376,987,438 230,014,820 146,972,618
Loan 2 25 Senate Place Jersey City (35) 45.7% 25 Senate Place Jersey City Hudson NJ 07306 2016 NAP 265 Units 211,321   L(24), D(92), O(4) NAP NAP NAP NAP
Loan 3 Google Kirkland Campus Phase II (33) 49.7% 451 Seventh Avenue South Kirkland King WA 98033 2015 NAP 180,844 Sq. Ft. 401   L(25), YM1(90), O(5) NAP NAP NAP NAP
Loan 4 Fresno Fashion Fair (33) 57.5% 645 East Shaw Avenue Fresno Fresno CA 93710 1970 2003, 2006 536,093 Sq. Ft. 606   L(25), DorYM1(91), O(4) T-12 6/30/2016 33,789,629 5,728,731 28,060,898
Loan 5 Potomac Mills (33)(34) 38.0% 2700 Potomac Mills Circle Woodbridge Prince William VA 22192 1985 2005, 2012 1,459,997 Sq. Ft. 199   L(25), D(88), O(7) T-12 8/31/2016 54,639,014 14,340,962 40,298,052
Loan 6 681 Fifth Avenue (33) 48.9% 681 Fifth Avenue New York New York NY 10022 1913 2009 82,573 Sq. Ft. 2,604   L(25), D(91), O(4) T-12 6/30/2016 17,616,251 3,166,722 14,449,529
Loan 7 Walgreens Net Lease Portfolio 3 54.9% Various Various Various Various Various Various NAP 148,490 Sq. Ft. 221   L(25), YM1(92), O(3) NAV NAV NAV NAV
Property 7.01 Walgreens - Nashville   5600 Charlotte Pike Nashville Davidson TN 37209 1999 NAP 16,380 Sq. Ft. 233     NAV NAV NAV NAV
Property 7.02 Walgreens - Munford   43 Tabb Drive Munford Tipton TN 38058 2008 NAP 14,560 Sq. Ft. 233     NAV NAV NAV NAV
Property 7.03 Walgreens - Cordova   8046 Macon Road Cordova Shelby TN 38018 1998 NAP 15,120 Sq. Ft. 222     NAV NAV NAV NAV
Property 7.04 Walgreens - Omaha   5038 Center Street Omaha Douglas NE 68106 1999 NAP 15,680 Sq. Ft. 210     NAV NAV NAV NAV
Property 7.05 Walgreens - Newport   102 East Broadway Street Newport Cocke TN 37821 2007 NAP 14,820 Sq. Ft. 222     NAV NAV NAV NAV
Property 7.06 Walgreens - Newberry   14040 West Newberry Road Newberry Alachua FL 32669 2008 NAP 14,490 Sq. Ft. 222     NAV NAV NAV NAV
Property 7.07 Walgreens - Yankton   2020 Broadway Avenue Yankton Yankton SD 57078 2006 NAP 14,420 Sq. Ft. 222     NAV NAV NAV NAV
Property 7.08 Walgreens - Pierre   100 East Sioux Avenue Pierre Hughes SD 57501 2006 NAP 14,550 Sq. Ft. 220     NAV NAV NAV NAV
Property 7.09 Walgreens - Manchester   806 McArthur Street Manchester Coffee TN 37355 2005 NAP 13,650 Sq. Ft. 222     NAV NAV NAV NAV
Property 7.10 Walgreens - Lexington   603 West Church Street Lexington Henderson TN 38351 2005 NAP 14,820 Sq. Ft. 204     NAV NAV NAV NAV
Loan 8 FedEx Distribution Portfolio 58.2% Various Various Various Various Various Various Various 438,592 Sq. Ft. 73   L(24), D(93), O(3) 12/31/2015 2,915,376 29,154 2,886,222
Property 8.01 Athens   1655 Olympic Drive Athens Clarke GA 30601 2006 2008, 2015 140,218 Sq. Ft. 101     12/31/2015 1,254,960 12,550 1,242,410
Property 8.02 Middleboro   17 Cowan Drive Middleboro Plymouth MA 02346 2006 2016 73,137 Sq. Ft. 97     12/31/2015 593,436 5,934 587,502
Property 8.03 New Stanton   2000 Labonte Drive Hunker Westmoreland PA 15639 2006 2010, 2016 140,985 Sq. Ft. 42     12/31/2015 607,668 6,077 601,591
Property 8.04 Cambridge   8705 Commerce Drive Cambridge Guernsey OH 43725 2006, 2014 NAP 84,252 Sq. Ft. 56     12/31/2015 459,312 4,593 454,719
Loan 9 Library Hotel 54.6% 299 Madison Avenue New York New York NY 10017 1913 2000 60 Rooms 516,667   L(24), D(90), O(6) T-12 8/31/2016 9,017,084 5,497,574 3,519,511
Loan 10 Walgreens Net Lease Portfolio 2 56.0% Various Various Various Various Various Various NAP 135,765 Sq. Ft. 222   L(25), YM1(92), O(3)  NAV NAV NAV NAV
Property 10.01 Walgreens - St. Louis   4218 Lindell Boulevard St. Louis Saint Louis City MO 63108 2002 NAP 16,335 Sq. Ft. 224     NAV NAV NAV NAV
Property 10.02 Walgreens - Brooklyn Park   7700 Brooklyn Boulevard Brooklyn Park Hennepin MN 55443 1997 NAP 15,120 Sq. Ft. 225     NAV NAV NAV NAV
Property 10.03 Walgreens - Woodbury   1965 Donegal Drive Woodbury Washington MN 55125 2000 NAP 15,120 Sq. Ft. 225     NAV NAV NAV NAV
Property 10.04 Walgreens - Saint Peters   909 Jungermann Road Saint Peters St. Charles MO 63376 2001 NAP 15,120 Sq. Ft. 222     NAV NAV NAV NAV
Property 10.05 Walgreens - Lake St. Louis   3497 Technology Drive Lake St. Louis St. Charles MO 63367 2006 NAP 14,820 Sq. Ft. 223     NAV NAV NAV NAV
Property 10.06 Walgreens - Pineville   3100 Highway 28 East Pineville Rapides LA 71360 2005 NAP 14,820 Sq. Ft. 222     NAV NAV NAV NAV
Property 10.07 Walgreens - St. Joseph   4022 North Belt Highway Saint Joseph Buchanan MO 64506 2007 NAP 14,820 Sq. Ft. 220     NAV NAV NAV NAV
Property 10.08 Walgreens - Shepherdsville   152 North Buckman Street Shepherdsville Bullitt KY 40165 2006 NAP 14,490 Sq. Ft. 222     NAV NAV NAV NAV
Property 10.09 Walgreens - Paducah   521 Lone Oak Road Paducah McCracken  KY 42003 2001 NAP 15,120 Sq. Ft. 212     NAV NAV NAV NAV
Loan 11 Lennox Shopping Center 51.0% 1300 West Campbell Road Richardson Dallas TX 75080 1996 NAP 182,936 Sq. Ft. 126   L(25), D(90), O(5) T-12 8/31/2016 3,341,612 1,271,176 2,070,436
Loan 12 Embassy Suites Ayrsley Charlotte 49.1% 1917 Ayrsley Town Boulevard Charlotte Mecklenburg NC 28273 2015 NAP 170 Rooms 131,858   L(27), D(89), O(4) T-12 9/30/2016 8,489,957 5,379,365 3,110,592
Loan 13 Melohn Multifamily Portfolio I 55.7% Various Various Various Various Various Various NAP 474 Units 46,624   L(24), D(92), O(4) T-12 10/31/2016 3,501,551 1,357,252 2,144,299
Property 13.01 Dover Place   34850 Lake Shore Boulevard Eastlake Lake OH 44095 1986 NAP 229 Units 54,837     T-12 10/31/2016 1,767,475 596,050 1,171,425
Property 13.02 Cedarwood   1306 Cedarbrook Court Goshen Elkhart IN 46526 1984 NAP 90 Units 44,178     T-12 10/31/2016 652,698 261,840 390,858
Property 13.03 Willowood   220 Tupelo Trail Frankfort Franklin KY 40601 1984 NAP 110 Units 36,146     T-12 10/31/2016 727,302 311,405 415,897
Property 13.04 Amberidge   32864 Amberidge Drive Roseville Macomb MI 48066 1985 NAP 45 Units 35,342     T-12 10/31/2016 354,076 187,957 166,119
Loan 14 Mariano’s Bronzeville 51.1% 3857 South Dr. Martin Luther King Drive Chicago Cook IL 60653 2016 NAP 73,680 Sq. Ft. 258   L(25), YM1(91), O(4) NAV NAV NAV NAV
Loan 15 Plaza on 8th 57.0% 1417, 1425, 1457, 1469 and 1481 8th Avenue Bethlehem Lehigh PA 18018 2010-2012 NAP 66,683 Sq. Ft. 255   L(24), D(92), O(4) T-12 8/31/2016 1,742,107 231,328 1,510,779
Loan 16 Venice Portfolio 45.1% Various Venice Los Angeles CA 90291 Various Various 19,041 Sq. Ft. 840   L(24), D(92), O(4) 12/31/2015 1,569,324 537,507 1,031,817
Property 16.01 425-431 Ocean Front Walk   425-431 Ocean Front Walk Venice Los Angeles CA 90291 1940 2007 8,274 Sq. Ft. 894     12/31/2015 1,137,307 479,767 657,540
Property 16.02 80 Windward   80 Windward Avenue Venice Los Angeles CA 90291 1905 2016 6,513 Sq. Ft. 737     12/31/2015 272,352 40,447 231,905
Property 16.03 1711-1715 Pacific Avenue   1711-1715 Pacific Avenue Venice Los Angeles CA 90291 1950, 1962 NAP 4,254 Sq. Ft. 893     12/31/2015 159,665 17,293 142,372
Loan 17 Lubbock Parkade 52.2% 4413, 4415, 4417 South Loop 289 and 7020 Quaker Avenue Lubbock Lubbock TX 79424 1985, 1987, 1988, 1991 NAP 160,555 Sq. Ft. 86   L(24), D(89), O(7) T-12 9/30/2016 1,793,506 490,014 1,303,492
Loan 18 Residence Inn by Marriott LAX (33)(36) 54.0% 5933 West Century Boulevard Los Angeles Los Angeles CA 90045 1982 2015 231 Rooms 229,917   L(31), D(85), O(4) T-12 9/30/2016 16,862,677 10,346,379 6,516,298
Loan 19 Kirlin Industries 59.4% 501-515 Dover Road Rockville Montgomery MD 20850 1999 NAP 95,000 Sq. Ft. 139   L(24), D(92), O(4) NAV NAV NAV NAV
Loan 20 2500 Sweetwater Springs 53.0% 2500 Sweetwater Springs Boulevard Spring Valley San Diego CA 91978 1971 2005 175,600 Sq. Ft. 59   L(24), D(92), O(4) T-12 9/30/2016 1,249,870 328,311 921,559
Loan 21 Duravant FMH Conveyors 57.0% 9701 East Highland Drive Jonesboro Craighead AR 72401 2016 NAP 195,000 Sq. Ft. 45   YM1(24), DorYM1(92), O(4) NAP NAP NAP NAP
Loan 22 Gander Mountain 58.0% 2701 South Jack Kultgen Expressway Waco McLennan TX 76706 2014 NAP 52,000 Sq. Ft. 146   L(26), D(91), O(3) 12/31/2015 780,000 0 780,000
Loan 23 Fresenius Cleveland 59.6% 2429 Martin Luther King, Jr. Boulevard Cleveland Cuyahoga OH 44120 2016 NAP 31,365 Sq. Ft. 223   L(25), D(92), O(3) NAP NAP NAP NAP
Loan 24 Shopko Neenah 51.6% 699 South Green Bay Road Neenah Winnebago WI 54956 1989 2003 94,225 Sq. Ft. 70   L(24), D(91), O(5) NAV NAV NAV NAV
Loan 25 Altama Village 54.5% 40-112 Altama Village Drive Brunswick Glynn GA 31525 1992 NAP 80,260 Sq. Ft. 75   L(24), D(92), O(4) 12/31/2015 637,756 133,472 504,284
Loan 26 KB Texas Dialysis Portfolio 59.3% Various Various Various TX Various 2015 NAP 16,720 Sq. Ft. 356   L(25), D(92), O(3) NAV NAV NAV NAV
Property 26.01 Fresenius Houston   4810 East Sam Houston Parkway North Houston Harris TX 77015 2015 NAP 8,403 Sq. Ft. 364     NAV NAV NAV NAV
Property 26.02 Fresenius Crockett   2001 East Bowie Avenue Crockett Houston TX 75835 2015 NAP 8,317 Sq. Ft. 347     NAV NAV NAV NAV
Loan 27 Shopko Winona 51.2% 405 Cottonwood Drive Winona Winona MN 55987 1986 1995 84,375 Sq. Ft. 64   L(24), D(91), O(5) NAV NAV NAV NAV
Loan 28 Leisure Village MHC 56.2% 4711 Walnut Road Buckeye Lake Licking OH 43008 1970 NAP 269 Pads 18,401   L(24), D(92), O(4) T-12 9/30/2016 944,052 363,343 580,709
Loan 29 Rock Springs Retail Portfolio 54.7% Various Rock Springs Sweetwater WY 82901 Various NAP 28,788 Sq. Ft. 141   L(24), D(91), O(5) 12/31/2015 447,931 107,281 340,650
Property 29.01 1977 Dewar Drive   1977 Dewar Drive Rock Springs Sweetwater WY 82901 2006 NAP 15,623 Sq. Ft. 151     12/31/2015 287,460 58,001 229,459
Property 29.02 101 Gateway Blvd.   101 Gateway Boulevard Rock Springs Sweetwater WY 82901 2004 NAP 13,165 Sq. Ft. 128     12/31/2015 160,471 49,280 111,191
Loan 31 Sunrise Plaza 58.3% 31070-31182 Cortez Boulevard Brooksville Hernando FL 34602 1991 NAP 86,815 Sq. Ft. 43   L(25), D(91), O(4) T-12 8/31/2016 584,588 237,126 347,462
Loan 30 The Shoppes at Lakeline 51.7% 14009 Research Boulevard Austin Williamson TX 78717 2015 NAP 9,800 Sq. Ft. 378   L(25), D(91), O(4) NAV NAV NAV NAV
Loan 32 Oswego Commons 51.6% 2800 US Highway 34 Oswego Kendall IL 60543 2016 NAP 11,010 Sq. Ft. 295   L(25), D(91), O(4) NAP NAP NAP NAP
Loan 33 The Orchards Shopping Center 57.2% 1954 Vandalia Street Collinsville Madison IL 62234 1961 NAP 67,807 Sq. Ft. 47   L(24), D(92), O(4) T-12 9/30/2016 489,966 179,081 310,884
Loan 34 JR Automation 52.0% 4190 Sunnyside Drive Holland Ottawa MI 49424 1999 2016 88,259 Sq. Ft. 30   L(24), D(92), O(4) NAV NAV NAV NAV
Loan 35 Walgreens Adrian, MI 32.0% 706 South Main Street Adrian Lenawee MI 49221 2002 NAP 13,650 Sq. Ft. 170   L(25), D(92), O(3) NAV NAV NAV NAV
Loan 36 Shoppes of New Philadelphia 53.5% 503-515 Mill Avenue Southeast New Philadelphia Tuscarawas OH 44663 2007 NAP 14,959 Sq. Ft. 125   L(24), D(91), O(5) T-12 9/30/2016 228,174 77,534 150,640
Loan 37 Show Low Retail 56.7% 5551 South White Mountain Road Show Low Navajo AZ 85901 2016 NAP 6,405 Sq. Ft. 265   L(24), D(32), O(4) NAV NAV NAV NAV

 

 

A-1-3 

 

 

CFCRE 2016-C7                                      
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
                                           
      Second Most Second  Second  Second  Third Most Third Third Third                      
Property     Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten   Underwritten   Underwritten   Underwritten   Underwritten  Underwritten Underwritten  Ownership Ground Lease
Flag ID Property Name Statements Date EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield (12) Debt Yield (12)  Revenue($)   EGI($)   Expenses($)   NOI ($)   Reserves($)  TI/LC($) NCF($) Interest(21)  Expiration 
Loan 1 Hilton Hawaiian Village (33)(34) 12/31/2015 366,791,222 223,381,851 143,409,371 12/31/2014 346,089,627 212,385,223 133,704,404 21.2% 19.0% 247,034,700 374,437,742 226,873,258 147,564,484 14,977,510   132,586,975 Fee Simple/Leasehold 07/31/2035
Loan 2 25 Senate Place Jersey City (35) NAP NAP NAP NAP NAP NAP NAP NAP 8.9% 8.8% 6,892,320 6,918,215 1,942,766 4,975,448 53,000   4,922,448 Fee Simple  
Loan 3 Google Kirkland Campus Phase II (33) NAP NAP NAP NAP NAP NAP NAP NAP 9.8% 9.5% 7,419,939 9,585,766 2,460,526 7,125,240 36,169 180,844 6,908,227 Fee Simple  
Loan 4 Fresno Fashion Fair (33) 12/31/2015 33,828,407 5,653,404 28,175,003 12/31/2014 32,794,192 6,442,884 26,351,308 8.1% 7.8% 22,735,674 32,392,464 6,099,950 26,292,514 70,335 922,954 25,299,225 Fee Simple  
Loan 5 Potomac Mills (33)(34) 12/31/2015 53,336,259 14,386,618 38,949,641 12/31/2014 52,996,465 15,601,250 37,395,215 13.9% 13.3% 34,330,601 53,920,492 13,594,604 40,325,888 322,385 1,289,527 38,713,977 Fee Simple  
Loan 6 681 Fifth Avenue (33) 12/31/2015 17,291,494 2,987,449 14,304,045 12/31/2014 16,950,567 2,815,068 14,135,499 7.3% 7.0% 17,540,062 20,376,202 4,785,552 15,590,650 15,389 553,128 15,022,133 Fee Simple  
Loan 7 Walgreens Net Lease Portfolio 3 NAV NAV NAV NAV NAV NAV NAV NAV 9.5% 9.4% 3,288,760 3,190,098 63,802 3,126,296 29,698   3,096,598 Fee Simple  
Property 7.01 Walgreens - Nashville NAV NAV NAV NAV NAV NAV NAV NAV     382,395 370,923 7,418 363,505 3,276   360,229 Fee Simple  
Property 7.02 Walgreens - Munford NAV NAV NAV NAV NAV NAV NAV NAV     339,907 329,710 6,594 323,116 2,912   320,204 Fee Simple  
Property 7.03 Walgreens - Cordova NAV NAV NAV NAV NAV NAV NAV NAV     336,307 326,217 6,524 319,693 3,024   316,669 Fee Simple  
Property 7.04 Walgreens - Omaha NAV NAV NAV NAV NAV NAV NAV NAV     330,231 320,324 6,406 313,918 3,136   310,782 Fee Simple  
Property 7.05 Walgreens - Newport NAV NAV NAV NAV NAV NAV NAV NAV     329,634 319,745 6,395 313,350 2,964   310,386 Fee Simple  
Property 7.06 Walgreens - Newberry NAV NAV NAV NAV NAV NAV NAV NAV     322,294 312,625 6,253 306,373 2,898   303,475 Fee Simple  
Property 7.07 Walgreens - Yankton NAV NAV NAV NAV NAV NAV NAV NAV     320,737 311,115 6,222 304,892 2,884   302,008 Fee Simple  
Property 7.08 Walgreens - Pierre NAV NAV NAV NAV NAV NAV NAV NAV     320,497 310,882 6,218 304,664 2,910   301,754 Fee Simple  
Property 7.09 Walgreens - Manchester NAV NAV NAV NAV NAV NAV NAV NAV     303,610 294,502 5,890 288,612 2,730   285,882 Fee Simple  
Property 7.10 Walgreens - Lexington NAV NAV NAV NAV NAV NAV NAV NAV     303,149 294,055 5,881 288,173 2,964   285,209 Fee Simple  
Loan 8 FedEx Distribution Portfolio 12/31/2014 2,915,376 29,154 2,886,222 12/31/2013 2,915,376 29,154 2,886,222 9.2% 8.4% 3,113,107 2,957,452 29,575 2,927,877 65,789 175,437 2,686,652 Fee Simple  
Property 8.01 Athens 12/31/2014 1,254,960 12,550 1,242,410 12/31/2013 1,254,960 12,550 1,242,410     1,389,223 1,319,762 13,198 1,306,565 21,033 56,087 1,229,445 Fee Simple  
Property 8.02 Middleboro 12/31/2014 593,436 5,934 587,502 12/31/2013 593,436 5,934 587,502     685,416 651,145 6,511 644,634 10,971 29,255 604,408 Fee Simple  
Property 8.03 New Stanton 12/31/2014 607,668 6,077 601,591 12/31/2013 607,668 6,077 601,591     579,156 550,199 5,502 544,697 21,148 56,394 467,155 Fee Simple  
Property 8.04 Cambridge 12/31/2014 459,312 4,593 454,719 12/31/2013 459,312 4,593 454,719     459,312 436,346 4,363 431,982 12,638 33,701 385,644 Fee Simple  
Loan 9 Library Hotel 12/31/2015 8,909,581 5,501,977 3,407,604 12/31/2014 8,940,271 5,383,997 3,556,274 10.4% 9.3% 7,874,242 8,992,447 5,761,337 3,231,110 359,698   2,871,412 Fee Simple  
Loan 10 Walgreens Net Lease Portfolio 2 NAV NAV NAV NAV NAV NAV NAV NAV 9.5% 9.4% 3,010,585 2,920,267 58,405 2,861,862 27,153   2,834,709 Fee Simple  
Property 10.01 Walgreens - St. Louis NAV NAV NAV NAV NAV NAV NAV NAV     365,738 354,766 7,095 347,670 3,267   344,403 Fee Simple  
Property 10.02 Walgreens - Brooklyn Park NAV NAV NAV NAV NAV NAV NAV NAV     340,956 330,727 6,615 324,113 3,024   321,089 Fee Simple  
Property 10.03 Walgreens - Woodbury NAV NAV NAV NAV NAV NAV NAV NAV     340,956 330,727 6,615 324,113 3,024   321,089 Fee Simple  
Property 10.04 Walgreens - Saint Peters NAV NAV NAV NAV NAV NAV NAV NAV     335,353 325,293 6,506 318,787 3,024   315,763 Fee Simple  
Property 10.05 Walgreens - Lake St. Louis NAV NAV NAV NAV NAV NAV NAV NAV     329,979 320,080 6,402 313,678 2,964   310,714 Fee Simple  
Property 10.06 Walgreens - Pineville NAV NAV NAV NAV NAV NAV NAV NAV     329,634 319,745 6,395 313,350 2,964   310,386 Fee Simple  
Property 10.07 Walgreens - St. Joseph NAV NAV NAV NAV NAV NAV NAV NAV     325,532 315,766 6,315 309,451 2,964   306,487 Fee Simple  
Property 10.08 Walgreens - Shepherdsville NAV NAV NAV NAV NAV NAV NAV NAV     322,294 312,625 6,253 306,373 2,898   303,475 Fee Simple  
Property 10.09 Walgreens - Paducah NAV NAV NAV NAV NAV NAV NAV NAV     320,143 310,538 6,211 304,328 3,024   301,304 Fee Simple  
Loan 11 Lennox Shopping Center 12/31/2015 3,343,547 1,248,626 2,094,921 12/31/2014 3,314,681 1,172,088 2,142,593 9.9% 9.1% 2,641,757 3,545,963 1,278,088 2,267,876 36,587 130,000 2,101,289 Fee Simple  
Loan 12 Embassy Suites Ayrsley Charlotte NAV NAV NAV NAV NAP NAP NAP NAP 12.8% 10.9% 6,788,617 8,466,760 5,600,071 2,866,689 423,338   2,443,351 Fee Simple  
Loan 13 Melohn Multifamily Portfolio I 12/31/2015 3,381,154 1,459,974 1,921,180 12/31/2014 3,234,669 1,371,084 1,863,585 9.6% 8.9% 3,362,737 3,488,816 1,368,556 2,120,259 151,206   1,969,053 Fee Simple  
Property 13.01 Dover Place 12/31/2015 1,668,295 607,547 1,060,748 12/31/2014 1,585,785 593,703 992,082     1,684,473 1,766,265 595,932 1,170,333 73,051   1,097,282 Fee Simple  
Property 13.02 Cedarwood 12/31/2015 656,817 265,287 391,530 12/31/2014 634,714 271,714 363,000     595,956 643,058 261,548 381,510 28,710   352,800 Fee Simple  
Property 13.03 Willowood 12/31/2015 692,599 374,332 318,267 12/31/2014 694,332 310,488 383,844     724,179 726,316 323,014 403,301 35,090   368,211 Fee Simple  
Property 13.04 Amberidge 12/31/2015 363,443 212,808 150,635 12/31/2014 319,838 195,179 124,659     358,128 353,178 188,062 165,115 14,355   150,760 Fee Simple  
Loan 14 Mariano’s Bronzeville NAP NAP NAP NAP NAP NAP NAP NAP 10.5% 10.5% 2,107,248 2,044,031 40,881 2,003,150 7,368   1,995,782 Fee Simple  
Loan 15 Plaza on 8th 12/31/2015 1,765,200 293,436 1,471,765 12/31/2014 1,649,646 265,571 1,384,075 9.5% 9.2% 1,482,498 1,841,525 222,512 1,619,014 10,015 43,069 1,565,930 Fee Simple  
Loan 16 Venice Portfolio 12/31/2014 1,709,295 561,027 1,148,268 12/31/2013 1,468,352 555,467 912,886 10.2% 9.9% 1,834,084 1,995,561 362,360 1,633,202 8,258 36,485 1,588,460 Fee Simple  
Property 16.01 425-431 Ocean Front Walk 12/31/2014 1,173,671 516,764 656,907 12/31/2013 968,558 499,476 469,082     944,784 941,377 183,298 758,080 6,104 6,875 745,101 Fee Simple  
Property 16.02 80 Windward 12/31/2014 326,482 25,347 301,135 12/31/2013 305,254 29,751 275,503     479,308 567,098 101,121 465,977 1,303 17,911 446,763 Fee Simple  
Property 16.03 1711-1715 Pacific Avenue 12/31/2014 209,142 18,916 190,226 12/31/2013 194,540 26,240 168,301     409,992 487,086 77,941 409,145 851 11,699 396,596 Fee Simple  
Loan 17 Lubbock Parkade 12/31/2015 1,745,189 442,756 1,302,433 12/31/2014 1,642,451 452,384 1,190,067 10.2% 9.5% 1,586,565 1,911,913 505,262 1,406,651 24,083 78,161 1,304,407 Fee Simple  
Loan 18 Residence Inn by Marriott LAX (33)(36) NAV NAV NAV NAV NAV NAV NAV NAV 11.9% 10.6% 14,864,402 16,817,010 10,521,958 6,295,052 672,680   5,622,371 Leasehold 12/31/2114
Loan 19 Kirlin Industries NAV NAV NAV NAV NAV NAV NAV NAV 9.6% 9.1% 1,448,750 1,303,875 39,116 1,264,759 14,250 47,500 1,203,009 Fee Simple  
Loan 20 2500 Sweetwater Springs 12/31/2015 1,169,220 349,968 819,252 12/31/2014 786,662 174,143 612,519 10.8% 9.5% 1,401,129 1,448,477 329,440 1,119,036 43,900 87,800 987,336 Fee Simple  
Loan 21 Duravant FMH Conveyors NAP NAP NAP NAP NAP NAP NAP NAP 10.4% 9.8% 988,650 1,110,574 205,711 904,862 9,750 36,461 858,651 Fee Simple  
Loan 22 Gander Mountain NAV NAV NAV NAV NAV NAV NAV NAV 9.5% 9.0% 780,000 741,000 14,820 726,180 7,800 33,800 684,580 Fee Simple  
Loan 23 Fresenius Cleveland NAP NAP NAP NAP NAP NAP NAP NAP 9.2% 8.7% 684,583 1,004,552 360,598 643,954 3,137 31,365 609,453 Fee Simple  
Loan 24 Shopko Neenah NAV NAV NAV NAV NAV NAV NAV NAV 10.5% 9.7% 749,333 711,866 14,237 697,629 18,845 37,690 641,094 Fee Simple  
Loan 25 Altama Village 12/31/2014 515,778 150,353 365,426 12/31/2013 363,169 122,108 241,061 10.9% 9.9% 778,789 825,482 172,981 652,502 16,052 40,130 596,321 Fee Simple  
Loan 26 KB Texas Dialysis Portfolio NAP NAP NAP NAP NAP NAP NAP NAP 9.6% 9.3% 604,551 664,674 91,552 573,121 1,672 16,720 554,729 Fee Simple  
Property 26.01 Fresenius Houston NAP NAP NAP NAP NAP NAP NAP NAP     296,912 309,012 27,188 281,824 840 8,403 272,581 Fee Simple  
Property 26.02 Fresenius Crockett NAP NAP NAP NAP NAP NAP NAP NAP     307,639 355,661 64,364 291,297 832 8,317 282,148 Fee Simple  
Loan 27 Shopko Winona NAV NAV NAV NAV NAV NAV NAV NAV 10.7% 9.7% 616,797 585,958 11,719 574,238 16,875 33,750 523,613 Fee Simple  
Loan 28 Leisure Village MHC 12/31/2015 885,223 389,836 495,386 12/31/2014 846,190 450,060 396,130 10.9% 10.6% 791,136 937,038 398,450 538,588 13,450   525,138 Fee Simple  
Loan 29 Rock Springs Retail Portfolio 12/31/2014 420,198 121,889 298,309 NAV NAV NAV NAV 10.6% 9.9% 476,768 527,758 99,462 428,295 5,477 20,180 402,638 Fee Simple  
Property 29.01 1977 Dewar Drive 12/31/2014 291,178 71,144 220,034 NAV NAV NAV NAV     276,245 306,553 58,763 247,790 2,968 10,936 233,885 Fee Simple  
Property 29.02 101 Gateway Blvd. 12/31/2014 129,020 50,745 78,275 NAV NAV NAV NAV     200,523 221,205 40,699 180,505 2,509 9,244 168,753 Fee Simple  
Loan 31 Sunrise Plaza 12/31/2015 573,422 230,736 342,686 12/31/2014 552,764 223,717 329,047 10.7% 9.2% 692,592 607,388 209,718 397,670 17,363 39,067 341,241 Fee Simple  
Loan 30 The Shoppes at Lakeline NAV NAV NAV NAV NAP NAP NAP NAP 10.0% 9.7% 421,071 527,613 157,185 370,429 1,960 9,800 358,669 Fee Simple  
Loan 32 Oswego Commons NAP NAP NAP NAP NAP NAP NAP NAP 11.9% 11.3% 418,505 511,084 125,038 386,045 2,753 16,515 366,778 Fee Simple  
Loan 33 The Orchards Shopping Center 12/31/2015 443,166 165,374 277,792 12/31/2014 370,294 221,898 148,396 11.4% 10.4% 428,726 512,177 147,565 364,612 13,561 21,119 329,931 Fee Simple  
Loan 34 JR Automation NAV NAV NAV NAV NAV NAV NAV NAV 13.1% 11.4% 381,200 362,140 10,864 351,275 17,652 26,478 307,146 Fee Simple  
Loan 35 Walgreens Adrian, MI NAV NAV NAV NAV NAV NAV NAV NAV 13.8% 13.4% 349,000 331,550 10,630 320,921 3,151 6,825 310,944 Fee Simple  
Loan 36 Shoppes of New Philadelphia 12/31/2015 188,103 62,830 125,273 12/31/2014 194,851 103,979 90,872 10.2% 9.5% 220,309 261,532 70,835 190,697 4,637 7,480 178,580 Fee Simple  
Loan 37 Show Low Retail NAP NAP NAP NAP NAP NAP NAP NAP 10.6% 10.2% 193,246 230,367 50,527 179,840 1,281 4,804 173,756 Fee Simple  

 

A-1-4 

 

 

CFCRE 2016-C7                              
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
                                   
                                   
Property     Ground Lease     Lease     Lease     Lease     Lease    
Flag ID Property Name  Extension Terms  Largest Tenant (22)(23)(24)(25)(26)(27) Sq. Ft. Expiration (25) 2nd Largest Tenant (22)(24)(25)(26) Sq. Ft. Expiration (25) 3rd Largest Tenant (22)(24) Sq. Ft. Expiration 4th Largest Tenant(24)(25)(27) Sq. Ft. Expiration (25) 5th Largest Tenant(24) Sq. Ft.
Loan 1 Hilton Hawaiian Village (33)(34) None NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 2 25 Senate Place Jersey City (35)   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 3 Google Kirkland Campus Phase II (33)   Google 125,520 11/30/2027 Google 55,324 01/31/2029 NAP NAP NAP NAP NAP NAP NAP NAP
Loan 4 Fresno Fashion Fair (33)   JCPenney 153,769 11/30/2017 Victoria’s Secret 14,530 01/31/2027 Love Culture 14,135 10/31/2020 Bank of the West 14,114 12/31/2018 Anthropologie 10,928
Loan 5 Potomac Mills (33)(34)   Costco Warehouse 148,146 05/31/2032 JCPenney 100,140 02/28/2022 AMC Theatres 75,273 02/28/2019 Buy Buy Baby/and That! 73,432 01/31/2025 Marshalls 61,763
Loan 6 681 Fifth Avenue (33)   Tommy Hilfiger 22,510 05/31/2023 Belstaff USA 17,505 04/04/2022 Vera Bradley  5,877 03/31/2026 Vision Capital 5,835 06/30/2018 Global Thematic Partners 5,835
Loan 7 Walgreens Net Lease Portfolio 3                              
Property 7.01 Walgreens - Nashville   Walgreens 16,380 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.02 Walgreens - Munford   Walgreens 14,560 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.03 Walgreens - Cordova   Walgreens 15,120 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.04 Walgreens - Omaha   Walgreens 15,680 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.05 Walgreens - Newport   Walgreens 14,820 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.06 Walgreens - Newberry   Walgreens 14,490 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.07 Walgreens - Yankton   Walgreens 14,420 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.08 Walgreens - Pierre   Walgreens 14,550 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.09 Walgreens - Manchester   Walgreens 13,650 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 7.10 Walgreens - Lexington   Walgreens 14,820 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 8 FedEx Distribution Portfolio                              
Property 8.01 Athens   FedEx Ground 140,218 08/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.02 Middleboro   FedEx Ground 73,137 05/31/2020 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.03 New Stanton   FedEx Ground  140,985 08/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 8.04 Cambridge   FedEx Ground  84,252 09/14/2020 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 9 Library Hotel   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 10 Walgreens Net Lease Portfolio 2                              
Property 10.01 Walgreens - St. Louis   Walgreens 16,335 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.02 Walgreens - Brooklyn Park   Walgreens 15,120 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.03 Walgreens - Woodbury   Walgreens 15,120 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.04 Walgreens - Saint Peters   Walgreens 15,120 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.05 Walgreens - Lake St. Louis   Walgreens 14,820 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.06 Walgreens - Pineville   Walgreens 14,820 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.07 Walgreens - St. Joseph   Walgreens 14,820 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.08 Walgreens - Shepherdsville   Walgreens 14,490 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 10.09 Walgreens - Paducah   Walgreens 15,120 11/30/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 11 Lennox Shopping Center   Tom Thumb 70,658 07/12/2018 Salon D’ Elegance 7,943 04/30/2018 The String Bean Restaurant 5,721 09/30/2020 J’s Hallmark 4,674 MTM Aqua Tots Swim School 4,517
Loan 12 Embassy Suites Ayrsley Charlotte   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 13 Melohn Multifamily Portfolio I                              
Property 13.01 Dover Place   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 13.02 Cedarwood   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 13.03 Willowood   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 13.04 Amberidge   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 14 Mariano’s Bronzeville   Mariano’s Fresh Market 73,680 10/31/2036 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 15 Plaza on 8th   St. Luke’s Physician Group 20,600 05/31/2030 Etowah Dialysis, LLC 13,983 09/30/2031 St. Luke’s Hospital of Bethlehem 13,373 03/31/2033 CVS Pharmacy 12,900 01/31/2036 PNC Bank, National Association 3,710
Loan 16 Venice Portfolio                              
Property 16.01 425-431 Ocean Front Walk   Fig Tree Restaurant 2,000 08/31/2035 Rachel Lee 500 12/31/2016 NAP NAP NAP NAP NAP NAP NAP NAP
Property 16.02 80 Windward   Snapchat 3,600 02/28/2021 Bank of Venice 1,913 05/31/2019 Eggslut 1,000 10/31/2023 NAP NAP NAP NAP NAP
Property 16.03 1711-1715 Pacific Avenue   Toca Madera 2,126 03/31/2021 Fig Tree Restaurant 1,128 08/31/2028 Paper Scissors Rock Hair Salon 1,000 12/31/2018 NAP NAP NAP NAP NAP
Loan 17 Lubbock Parkade   Stein Mart 41,922 10/31/2025 Hobby Lobby 40,000 12/31/2020 TJMaxx 30,754 03/31/2025 Tuesday Morning 13,000 03/31/2027 Just Brakes 6,563
Loan 18 Residence Inn by Marriott LAX (33)(36) None NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 19 Kirlin Industries   Kirlin Group, LLC 95,000 06/30/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 20 2500 Sweetwater Springs   Layfield Environmental 67,344 08/31/2019 Tru-Duct, Inc. 36,250 05/31/2023 Raphael’s Inc. 27,899 05/31/2017 United Site Services of California 10,800 12/31/2020 Henkels & McCoy Inc 9,558
Loan 21 Duravant FMH Conveyors   FMH Conveyors, LLC 195,000 10/31/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 22 Gander Mountain   Gander Mountain 52,000 10/31/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 23 Fresenius Cleveland   Fresenius Medical Care 31,365 10/31/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 24 Shopko Neenah   Shopko Stores Operating Co., LLC 94,225 12/31/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 25 Altama Village   Harbor Freight 15,038 01/31/2024 Sav-a-Lot 15,000 12/31/2017 Citi Trends 12,519 09/30/2020 Staples 12,350 12/31/2023 Party City 11,130
Loan 26 KB Texas Dialysis Portfolio                              
Property 26.01 Fresenius Houston   Fresenius Medical Care 8,403 11/30/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Property 26.02 Fresenius Crockett   Fresenius Medical Care 8,317 01/05/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 27 Shopko Winona   Shopko Stores Operating Co., LLC 84,375 12/31/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 28 Leisure Village MHC   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 29 Rock Springs Retail Portfolio                              
Property 29.01 1977 Dewar Drive   Alliance Physical Therapy 3,375 12/31/2020 Solar Nails 2,450 10/31/2021 Tanning Salon 2,288 09/30/2019 Mystic Vapes 2,200 05/31/2020 Solar Nails 1,525
Property 29.02 101 Gateway Blvd.   Robert Jensen 3,000 04/01/2021 Payless 2,800 02/28/2018 Gamestop 1,825 01/31/2018 Little Caesars 1,500 12/31/2021 Wyoming Wireless 1,500
Loan 31 Sunrise Plaza   Winn-Dixie 43,750 04/10/2021 Jericho Road Ministries, Inc. 6,000 09/30/2017 C & J West Enterprises, Inc. 4,080 05/31/2019 Winn-Dixie Liquor Store 3,000 04/10/2021 WWYD Enterprises LLC 2,880
Loan 30 The Shoppes at Lakeline   AT&T Mobility 5,000 12/31/2025 Blaze Pizza 2,600 12/31/2025 Potbelly Sandwich Works 2,200 12/31/2025 NAP NAP NAP NAP NAP
Loan 32 Oswego Commons   AT&T Mobility 4,500 03/31/2026 Mattress Firm 4,000 04/30/2026 Five Guys 2,510 10/31/2026 NAP NAP NAP NAP NAP
Loan 33 The Orchards Shopping Center   Kroger 20,873 10/08/2023 Dollar General 11,000 12/31/2019 Rent-A-Center 8,000 01/31/2021 HSHS Medical Group, Inc. 4,000 11/30/2017 Bruce Gibson and Marla Gibson Sew Much Fun 4,000
Loan 34 JR Automation   JR Automation Technologies, LLC 88,259 01/31/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 35 Walgreens Adrian, MI   Walgreens 13,650 02/28/2078 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
Loan 36 Shoppes of New Philadelphia   Verizon 4,120 12/31/2019 Sumo Hibachi 4,000 07/31/2025 Eagle Financial 2,377 07/07/2025 UPS Store 1,620 12/31/2017 Nails 1,492
Loan 37 Show Low Retail   Firehouse Subs 2,437 09/30/2026 Nationwide Vision 1,615 09/30/2026 Supercuts 1,178 08/31/2026 UPS Store 1,175 11/30/2026 NAP NAP

 

A-1-5 

 

 

CFCRE 2016-C7                    
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
                         
            Upfront Monthly Upfront Monthly Upfront Monthly Upfront
Property     Lease   Occupancy  Replacement Replacement TI/LC TI/LC Tax Tax Insurance
Flag ID Property Name Expiration Occupancy As-of Date Reserves($)(29) Reserves ($)(30)(31) Reserves ($)(20)(29) Reserves ($)(30)(31) Reserves ($)(29) Reserves ($)(30) Reserves($)(29)
Loan 1 Hilton Hawaiian Village (33)(34) NAP 94.6% 09/30/2016   Springing       Springing  
Loan 2 25 Senate Place Jersey City (35) NAP 97.0% 11/02/2016   4,417     121,975 60,981 62,039
Loan 3 Google Kirkland Campus Phase II (33) NAP 100.0% 11/06/2016   Springing   Springing   Springing  
Loan 4 Fresno Fashion Fair (33) 01/31/2017 88.2% 08/31/2016   Springing   Springing   Springing  
Loan 5 Potomac Mills (33)(34) 01/31/2019 97.7% 09/20/2016   Springing   Springing   Springing  
Loan 6 681 Fifth Avenue (33) 09/30/2017 90.8% 09/30/2016   1,376     848,821 151,575 106,910
Loan 7 Walgreens Net Lease Portfolio 3   100.0% 11/01/2016           Springing  
Property 7.01 Walgreens - Nashville NAP 100.0% 11/01/2016              
Property 7.02 Walgreens - Munford NAP 100.0% 11/01/2016              
Property 7.03 Walgreens - Cordova NAP 100.0% 11/01/2016              
Property 7.04 Walgreens - Omaha NAP 100.0% 11/01/2016              
Property 7.05 Walgreens - Newport NAP 100.0% 11/01/2016              
Property 7.06 Walgreens - Newberry NAP 100.0% 11/01/2016              
Property 7.07 Walgreens - Yankton NAP 100.0% 11/01/2016              
Property 7.08 Walgreens - Pierre NAP 100.0% 11/01/2016              
Property 7.09 Walgreens - Manchester NAP 100.0% 11/01/2016              
Property 7.10 Walgreens - Lexington NAP 100.0% 11/01/2016              
Loan 8 FedEx Distribution Portfolio   100.0% 11/06/2016   5,482   14,620   Springing 81,679
Property 8.01 Athens NAP 100.0% 11/06/2016              
Property 8.02 Middleboro NAP 100.0% 11/06/2016              
Property 8.03 New Stanton NAP 100.0% 11/06/2016              
Property 8.04 Cambridge NAP 100.0% 11/06/2016              
Loan 9 Library Hotel NAP 93.2% 08/31/2016   Springing     513,836 85,639 45,591
Loan 10 Walgreens Net Lease Portfolio 2   100.0% 11/01/2016           Springing  
Property 10.01 Walgreens - St. Louis NAP 100.0% 11/01/2016              
Property 10.02 Walgreens - Brooklyn Park NAP 100.0% 11/01/2016              
Property 10.03 Walgreens - Woodbury NAP 100.0% 11/01/2016              
Property 10.04 Walgreens - Saint Peters NAP 100.0% 11/01/2016              
Property 10.05 Walgreens - Lake St. Louis NAP 100.0% 11/01/2016              
Property 10.06 Walgreens - Pineville NAP 100.0% 11/01/2016              
Property 10.07 Walgreens - St. Joseph NAP 100.0% 11/01/2016              
Property 10.08 Walgreens - Shepherdsville NAP 100.0% 11/01/2016              
Property 10.09 Walgreens - Paducah NAP 100.0% 11/01/2016              
Loan 11 Lennox Shopping Center 03/31/2025 94.4% 08/31/2016   2,287 16,800 10,833 563,662 51,242 69,862
Loan 12 Embassy Suites Ayrsley Charlotte NAP 64.1% 09/30/2016   26,795       21,344 33,759
Loan 13 Melohn Multifamily Portfolio I   94.9% 11/04/2016   12,601     95,833 19,583 34,695
Property 13.01 Dover Place NAP 94.8% 11/04/2016              
Property 13.02 Cedarwood NAP 97.8% 11/04/2016              
Property 13.03 Willowood NAP 92.7% 11/04/2016              
Property 13.04 Amberidge NAP 95.6% 11/04/2016              
Loan 14 Mariano’s Bronzeville NAP 100.0% 11/06/2016   614       Springing  
Loan 15 Plaza on 8th 05/31/2030 96.8% 09/22/2016   835   Springing 5,142 723 7,321
Loan 16 Venice Portfolio   100.0% 11/14/2016   688   3,040 48,333 9,667 15,207
Property 16.01 425-431 Ocean Front Walk NAP 100.0% 11/14/2016              
Property 16.02 80 Windward NAP 100.0% 11/14/2016              
Property 16.03 1711-1715 Pacific Avenue NAP 100.0% 11/14/2016              
Loan 17 Lubbock Parkade 05/31/2017 99.3% 09/30/2016   2,007   6,690   18,961 50,451
Loan 18 Residence Inn by Marriott LAX (33)(36) NAP 92.9% 09/30/2016   25,314     212,667 53,167 64,714
Loan 19 Kirlin Industries NAP 100.0% 11/06/2016   Springing   Springing   Springing  
Loan 20 2500 Sweetwater Springs 11/30/2019 90.6% 11/16/2016   3,658 440,000 Springing 32,019 10,673 6,647
Loan 21 Duravant FMH Conveyors NAP 100.0% 11/06/2016   Springing   Springing   Springing  
Loan 22 Gander Mountain NAP 100.0% 11/06/2016   650       Springing 4,488
Loan 23 Fresenius Cleveland NAP 100.0% 11/06/2016 31,365 Springing   Springing 132,346 24,063 1,236
Loan 24 Shopko Neenah NAP 100.0% 11/06/2016   1,570   3,141   Springing 841
Loan 25 Altama Village 01/31/2025 98.5% 11/18/2016   1,338   Springing 14,384 4,795 13,939
Loan 26 KB Texas Dialysis Portfolio   100.0% 11/06/2016 16,720 Springing 250,000 Springing 29,593 2,690 1,772
Property 26.01 Fresenius Houston NAP 100.0% 11/06/2016              
Property 26.02 Fresenius Crockett NAP 100.0% 11/06/2016              
Loan 27 Shopko Winona NAP 100.0% 11/06/2016   1,406   2,813   Springing 700
Loan 28 Leisure Village MHC NAP 87.7% 11/01/2016   1,121     28,661 3,771 25,981
Loan 29 Rock Springs Retail Portfolio   100.0% 11/07/2016   456 50,000 1,682 6,000 3,000 5,435
Property 29.01 1977 Dewar Drive 09/30/2018 100.0% 11/07/2016              
Property 29.02 101 Gateway Blvd. 04/30/2020 100.0% 11/07/2016              
Loan 31 Sunrise Plaza 12/31/2018 79.7% 06/30/2016 150,000 Springing 200,000 Springing 77,167 5,936 15,383
Loan 30 The Shoppes at Lakeline NAP 100.0% 10/14/2016   163       7,204 1,845
Loan 32 Oswego Commons NAP 100.0% 10/25/2016   184     16,515 5,505  
Loan 33 The Orchards Shopping Center 10/31/2020 85.3% 10/01/2016 50,000 Springing 175,000 Springing 2,765 1,728 3,525
Loan 34 JR Automation NAP 100.0% 11/06/2016   Springing 850,000 Springing   Springing  
Loan 35 Walgreens Adrian, MI NAP 100.0% 11/06/2016           Springing 150
Loan 36 Shoppes of New Philadelphia 04/30/2018 100.0% 09/30/2016   386   623 9,804 1,634 1,858
Loan 37 Show Low Retail NAP 100.0% 10/01/2016   107   400 1,333 333 2,108

 

A-1-6 

 

  

CFCRE 2016-C7            
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
                 
      Monthly Upfront Upfront Monthly   Other
Property     Insurance Engineering Other  Other    Reserves
Flag ID Property Name Reserves ($)(30)(31) Reserve($)(29) Reserves ($)(29) Reserves ($)(30)(31)   Description(19)(30)(31)
Loan 1 Hilton Hawaiian Village (33)(34) Springing          
Loan 2 25 Senate Place Jersey City (35) 12,408 9,375 3,978     Retail Abatement Reserve (Upfront: 3,978.08)
Loan 3 Google Kirkland Campus Phase II (33) Springing   343,318 Springing   Rent Bridge Reserve (Upfront: 343,317.58); Major Tenant Reserve (Monthly: Springing)
Loan 4 Fresno Fashion Fair (33) Springing          
Loan 5 Potomac Mills (33)(34) Springing          
Loan 6 681 Fifth Avenue (33) 8,485   2,472,743 Springing   Unfunded Obligations Reserve (Upfront: 2,222,481); Rent Concession Reserve (250,262); Material Tenant TI/LC Reserve (Monthly: Springing)
Loan 7 Walgreens Net Lease Portfolio 3 Springing          
Property 7.01 Walgreens - Nashville            
Property 7.02 Walgreens - Munford            
Property 7.03 Walgreens - Cordova            
Property 7.04 Walgreens - Omaha            
Property 7.05 Walgreens - Newport            
Property 7.06 Walgreens - Newberry            
Property 7.07 Walgreens - Yankton            
Property 7.08 Walgreens - Pierre            
Property 7.09 Walgreens - Manchester            
Property 7.10 Walgreens - Lexington            
Loan 8 FedEx Distribution Portfolio 6,807 8,375   Springing   Occupancy Reserve (Springing Monthly: Excess Cash)
Property 8.01 Athens            
Property 8.02 Middleboro            
Property 8.03 New Stanton            
Property 8.04 Cambridge            
Loan 9 Library Hotel 3,799          
Loan 10 Walgreens Net Lease Portfolio 2 Springing          
Property 10.01 Walgreens - St. Louis            
Property 10.02 Walgreens - Brooklyn Park            
Property 10.03 Walgreens - Woodbury            
Property 10.04 Walgreens - Saint Peters            
Property 10.05 Walgreens - Lake St. Louis            
Property 10.06 Walgreens - Pineville            
Property 10.07 Walgreens - St. Joseph            
Property 10.08 Walgreens - Shepherdsville            
Property 10.09 Walgreens - Paducah            
Loan 11 Lennox Shopping Center 5,447     Springing   Special Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 12 Embassy Suites Ayrsley Charlotte 3,069          
Loan 13 Melohn Multifamily Portfolio I 8,674 111,644        
Property 13.01 Dover Place            
Property 13.02 Cedarwood            
Property 13.03 Willowood            
Property 13.04 Amberidge            
Loan 14 Mariano’s Bronzeville Springing     Springing   Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)
Loan 15 Plaza on 8th 1,294     Springing   Condominium Common Charge Funds (Springing Monthly: 1/12 of the Condominium Common Charges); Material Tenant Rollover Funds (Springing Monthly: Excess Cash Flow)
Loan 16 Venice Portfolio 2,919 12,250 500,000     Bank of Venice Reserve (Upfront: 500,000)
Property 16.01 425-431 Ocean Front Walk            
Property 16.02 80 Windward            
Property 16.03 1711-1715 Pacific Avenue            
Loan 17 Lubbock Parkade 4,760 320,660 684,932 Springing   Unfunded Tenant Obligation Reserve (Upfront: 684,932.45); Material Tenant Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 18 Residence Inn by Marriott LAX (33)(36) 6,471   5,500,000 33,333   Ground Lease Reserve (Monthly: 33,333); Earn Out Reserve (Upfront: 5,500,000)
Loan 19 Kirlin Industries Springing 145,721        
Loan 20 2500 Sweetwater Springs 1,662 30,500 32,551 Springing   Elevator Fluid Removal Reserve (Upfront: 20,837.50); Rent Abatement Reserve (Upfront: 11,713.00); Special Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 21 Duravant FMH Conveyors Springing 6,250   Springing   Duravant Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 22 Gander Mountain 748     Springing   Rollover Reserve (Springing Monthly: Excess Cash Flow); Rent Concession Reserve (Future one-time deposit: Springing)
Loan 23 Fresenius Cleveland 618          
Loan 24 Shopko Neenah 420     Springing   Major Lease Sweep Reserve (Springing Monthly: Excess Cash Flow)
Loan 25 Altama Village 1,742 23,625 787,430     Harbor Freight Rent Commencement Reserve (Upfront: 300,000); Harbor Freight TI Reimbursement Reserve (Upfront: 225,570)Harbor Freight Free Rent Reserve (Upfront: 161,860); Harbor Freight Lease Commencement Reserve (Upfront: 100,000)
Loan 26 KB Texas Dialysis Portfolio 886          
Property 26.01 Fresenius Houston            
Property 26.02 Fresenius Crockett            
Loan 27 Shopko Winona Springing          
Loan 28 Leisure Village MHC 5,457 9,938 315,000     Excess Flood Insurance Reserve (Upfront: 315,000)
Loan 29 Rock Springs Retail Portfolio 665   356,006     Easement Holdback Reserve (Upfront: 227,898.09); Tenant Performance Reserve (Upfront: 100,000); Rent Concession Reserve (Upfront: 28,108)
Property 29.01 1977 Dewar Drive            
Property 29.02 101 Gateway Blvd.            
Loan 31 Sunrise Plaza 2,198          
Loan 30 The Shoppes at Lakeline 461   3,500 Springing   AT&T Repair Reserve (Upfront: 3,500); Special Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 32 Oswego Commons 461     Springing   Special Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 33 The Orchards Shopping Center 1,356 30,075 85,000 Springing   Cardinal Reserve Funds (Upfront: 85,000); Specified Tenant Rollover Funds (Springing Monthly: Excess Cash Flow)
Loan 34 JR Automation Springing          
Loan 35 Walgreens Adrian, MI 150 4,125   Springing   Rollover Reserve (Springing Monthly: Excess Cash)
Loan 36 Shoppes of New Philadelphia 186 937 246,667 Springing   Japanese Steak House Tenant Earnout Reserve (Upfront: 200,000); Japanese Steak House Tenant Free Rent Reserve (Upfront: 46,667); Anchor Tenant Rollover Reserve (Springing Monthly: Excess Cash Flow)
Loan 37 Show Low Retail 264   254,665 Springing   UPS Store Occupancy Reserve (Upfront: 145,000); Firehouse Subs TI Allowance (Upfront: 109,665); Rollover Reserve (Springing Monthly: Excess Cash Flow)

 

A-1-7 

 

 

CFCRE 2016-C7        
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
             
      Environmental      
Property     Report Engineering Loan  
Flag ID Property Name Date (32) Report Date Purpose Sponsor(28)(37)
Loan 1 Hilton Hawaiian Village (33)(34) 10/17/2016 10/17/2016 Refinance Park Intermediate Holdings LLC
Loan 2 25 Senate Place Jersey City (35) 10/25/2016 10/13/2016 Refinance Arthur Johnson
Loan 3 Google Kirkland Campus Phase II (33) 08/02/2016 08/02/2016 Refinance SRM Development, LLC
Loan 4 Fresno Fashion Fair (33) 09/06/2016 09/14/2016 Recapitalization The Macerich Partnership, L.P.
Loan 5 Potomac Mills (33)(34) 09/16/2016 09/16/2016 Refinance Simon Property Group, L.P.
Loan 6 681 Fifth Avenue (33) 10/03/2016 10/03/2016 Refinance Robert Siegel
Loan 7 Walgreens Net Lease Portfolio 3     Acquisition Cantor Fitzgerald Investors, LLC
Property 7.01 Walgreens - Nashville 10/03/2016 10/03/2016    
Property 7.02 Walgreens - Munford 09/30/2016 10/04/2016    
Property 7.03 Walgreens - Cordova 09/29/2016 10/03/2016    
Property 7.04 Walgreens - Omaha 10/03/2016 10/06/2016    
Property 7.05 Walgreens - Newport 10/04/2016 09/30/2016    
Property 7.06 Walgreens - Newberry 10/07/2016 10/06/2016    
Property 7.07 Walgreens - Yankton 10/04/2016 10/04/2016    
Property 7.08 Walgreens - Pierre 10/05/2016 10/05/2016    
Property 7.09 Walgreens - Manchester 10/05/2016 09/30/2016    
Property 7.10 Walgreens - Lexington 09/30/2016 10/03/2016    
Loan 8 FedEx Distribution Portfolio     Refinance Jeno Guttman; Moses Mizrahi; Moshe Dov Schweid
Property 8.01 Athens 09/16/2016 09/16/2016    
Property 8.02 Middleboro 09/16/2016 09/16/2016    
Property 8.03 New Stanton 09/16/2016 09/16/2016    
Property 8.04 Cambridge 09/16/2016 09/16/2016    
Loan 9 Library Hotel 10/18/2016 10/12/2016 Refinance Imrich Henry Kallan
Loan 10 Walgreens Net Lease Portfolio 2     Acquisition Cantor Fitzgerald Investors, LLC
Property 10.01 Walgreens - St. Louis 10/03/2016 09/30/2016    
Property 10.02 Walgreens - Brooklyn Park 10/03/2016 10/03/2016    
Property 10.03 Walgreens - Woodbury 10/03/2016 10/03/2016    
Property 10.04 Walgreens - Saint Peters 10/03/2016 09/30/2016    
Property 10.05 Walgreens - Lake St. Louis 10/03/2016 09/30/2016    
Property 10.06 Walgreens - Pineville 10/07/2016 09/30/2016    
Property 10.07 Walgreens - St. Joseph 10/03/2016 10/06/2016    
Property 10.08 Walgreens - Shepherdsville 10/25/2016 09/30/2016    
Property 10.09 Walgreens - Paducah 10/05/2016 09/30/2016    
Loan 11 Lennox Shopping Center 09/16/2016 09/16/2016 Refinance Tri-State Commercial Associates
Loan 12 Embassy Suites Ayrsley Charlotte 08/03/2016 08/02/2016 Refinance Thomas B. Henson
Loan 13 Melohn Multifamily Portfolio I     Refinance Alfons Melohn
Property 13.01 Dover Place 11/17/2016 11/11/2016    
Property 13.02 Cedarwood 11/11/2016 11/11/2016    
Property 13.03 Willowood 11/16/2016 11/10/2016    
Property 13.04 Amberidge 11/16/2016 11/10/2016    
Loan 14 Mariano’s Bronzeville 10/21/2016 10/18/2016 Acquisition Jerome Kessler
Loan 15 Plaza on 8th 10/10/2016 10/10/2016 Refinance Dennis E. Benner
Loan 16 Venice Portfolio     Refinance Jose Bunge
Property 16.01 425-431 Ocean Front Walk 08/22/2016 08/22/2016    
Property 16.02 80 Windward 08/22/2016 08/22/2016    
Property 16.03 1711-1715 Pacific Avenue 08/22/2016 08/22/2016    
Loan 17 Lubbock Parkade 10/17/2016 10/17/2016 Refinance Neil Ellis
Loan 18 Residence Inn by Marriott LAX (33)(36) 04/06/2016 04/27/2016 Refinance Robert A. Alter
Loan 19 Kirlin Industries 10/27/2016 10/10/2016 Acquisition New Mountain Net Lease Corporation
Loan 20 2500 Sweetwater Springs 11/09/2016 10/31/2016 Refinance Theodore E. Gildred III
Loan 21 Duravant FMH Conveyors 10/14/2016 10/13/2016 Acquisition New Mountain Net Lease Corporation
Loan 22 Gander Mountain 07/20/2016 07/20/2016 Acquisition Robert E. Castells
Loan 23 Fresenius Cleveland 07/14/2016 07/14/2016 Acquisition Louis J. Rogers
Loan 24 Shopko Neenah 10/27/2016 10/26/2016 Acquisition Marsha D. Barker
Loan 25 Altama Village 10/20/2016 09/14/2016 Acquisition Mark M. Salomon
Loan 26 KB Texas Dialysis Portfolio     Acquisition Louis J. Rogers
Property 26.01 Fresenius Houston 10/07/2016 10/07/2016    
Property 26.02 Fresenius Crockett 10/10/2016 10/07/2016    
Loan 27 Shopko Winona 10/24/2016 10/24/2016 Acquisition Marsha D. Barker
Loan 28 Leisure Village MHC 10/17/2016 10/17/2016 Refinance Timothy H. Karagosian
Loan 29 Rock Springs Retail Portfolio     Refinance Alan B. Schnur
Property 29.01 1977 Dewar Drive 10/10/2016 10/10/2016    
Property 29.02 101 Gateway Blvd. 10/10/2016 10/10/2016    
Loan 31 Sunrise Plaza 10/06/2016 10/04/2016 Acquisition Boysie Siew; Mark M. Salomon; Ram P. Gupta
Loan 30 The Shoppes at Lakeline 08/19/2016 09/01/2016 Acquisition Steve Silon; Audra Lee Silon; Steve Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988; Audra Lee Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988
Loan 32 Oswego Commons 09/27/2016 10/19/2016 Acquisition Steve Silon; Audra Lee Silon; Steve Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988; Audra Lee Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988
Loan 33 The Orchards Shopping Center 09/15/2016 09/15/2016 Acquisition Yechiel Rivlin; Samuel Brettler
Loan 34 JR Automation 10/21/2016 10/20/2016 Acquisition New Mountain Net Lease Corporation
Loan 35 Walgreens Adrian, MI 09/16/2016 09/07/2016 Acquisition Mark Rubin
Loan 36 Shoppes of New Philadelphia 10/03/2016 10/03/2016 Refinance Edward K. Arndt
Loan 37 Show Low Retail 10/06/2016 10/06/2016 Refinance BWL Investments, L.L.C.

 

A-1-8 

 

 

CFCRE 2016-C7          
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
               
          Existing   Future Debt
Property         Additional Debt   Permitted
Flag ID Property Name Guarantor (28)(37) Previous Securitization Amount Existing Additional Debt Description (33)(34)(35) Type (36)
Loan 1 Hilton Hawaiian Village (33)(34) Park Intermediate Holdings LLC Hilton USA Trust 2013-HLT 1,218,375,000 $639,975,000 Pari Passu Debt; $578,400,000 Subordinate Secured Debt NAP
Loan 2 25 Senate Place Jersey City (35) Arthur Johnson   10,000,000 Mezzanine Debt NAP
Loan 3 Google Kirkland Campus Phase II (33) Bryan P. Stone; James D. Rivard; Dee J. McGonigle III; Trevor Ashenbrener; Ryan Leong   22,500,000 Pari Passu Debt NAP
Loan 4 Fresno Fashion Fair (33) The Macerich Partnership, L.P.   284,000,000 Pari Passu Debt NAP
Loan 5 Potomac Mills (33)(34) Simon Property Group, L.P. LBUBS 2007-C6; WBCMT 2007-C33 375,500,000 $250,500,000 Pari Passu Debt; $125,000,000 Subordinate Secured Debt  NAP
Loan 6 681 Fifth Avenue (33) Robert Siegel RCMC 2012-CREL1; DBUBS 2011-LC1A 181,000,000 Pari Passu Debt NAP
Loan 7 Walgreens Net Lease Portfolio 3 CF Real Estate Holdings, LLC     None NAP
Property 7.01 Walgreens - Nashville          
Property 7.02 Walgreens - Munford          
Property 7.03 Walgreens - Cordova          
Property 7.04 Walgreens - Omaha          
Property 7.05 Walgreens - Newport          
Property 7.06 Walgreens - Newberry          
Property 7.07 Walgreens - Yankton          
Property 7.08 Walgreens - Pierre          
Property 7.09 Walgreens - Manchester          
Property 7.10 Walgreens - Lexington          
Loan 8 FedEx Distribution Portfolio Jeno Guttman; Moses Mizrahi; Moshe Dov Schweid LBUBS 2007-C2   None NAP
Property 8.01 Athens          
Property 8.02 Middleboro          
Property 8.03 New Stanton          
Property 8.04 Cambridge          
Loan 9 Library Hotel Imrich Henry Kallan CSMC 2007-C3   None NAP
Loan 10 Walgreens Net Lease Portfolio 2 CF Real Estate Holdings, LLC     None NAP
Property 10.01 Walgreens - St. Louis          
Property 10.02 Walgreens - Brooklyn Park          
Property 10.03 Walgreens - Woodbury          
Property 10.04 Walgreens - Saint Peters          
Property 10.05 Walgreens - Lake St. Louis          
Property 10.06 Walgreens - Pineville          
Property 10.07 Walgreens - St. Joseph          
Property 10.08 Walgreens - Shepherdsville          
Property 10.09 Walgreens - Paducah          
Loan 11 Lennox Shopping Center Tri-State Commercial Associates     None NAP
Loan 12 Embassy Suites Ayrsley Charlotte Thomas B. Henson     None NAP
Loan 13 Melohn Multifamily Portfolio I Alfons Melohn MLFT 2006-1   None NAP
Property 13.01 Dover Place          
Property 13.02 Cedarwood          
Property 13.03 Willowood          
Property 13.04 Amberidge          
Loan 14 Mariano’s Bronzeville Jerome Kessler     None NAP
Loan 15 Plaza on 8th Dennis E. Benner     None NAP
Loan 16 Venice Portfolio Jose Bunge     None NAP
Property 16.01 425-431 Ocean Front Walk   JPMCC 2007-LD11      
Property 16.02 80 Windward   CSMC 2007-C1      
Property 16.03 1711-1715 Pacific Avenue          
Loan 17 Lubbock Parkade Neil Ellis WBCMT 2007-C33   None NAP
Loan 18 Residence Inn by Marriott LAX (33)(36) Robert A. Alter; Robert A. Alter Trust Dated April 10, 2002   39,708,983 Pari Passu Debt Mezzanine
Loan 19 Kirlin Industries New Mountain Net Lease Corporation     None NAP
Loan 20 2500 Sweetwater Springs Theodore E. Gildred III     None NAP
Loan 21 Duravant FMH Conveyors New Mountain Net Lease Corporation     None NAP
Loan 22 Gander Mountain Robert E. Castells     None NAP
Loan 23 Fresenius Cleveland Louis J. Rogers     None NAP
Loan 24 Shopko Neenah Marsha D. Barker     None NAP
Loan 25 Altama Village Mark M. Salomon     None NAP
Loan 26 KB Texas Dialysis Portfolio Louis J. Rogers     None NAP
Property 26.01 Fresenius Houston          
Property 26.02 Fresenius Crockett          
Loan 27 Shopko Winona Marsha D. Barker     None NAP
Loan 28 Leisure Village MHC Timothy H. Karagosian MSC 2006-IQ12   None NAP
Loan 29 Rock Springs Retail Portfolio Alan B. Schnur     None NAP
Property 29.01 1977 Dewar Drive          
Property 29.02 101 Gateway Blvd.          
Loan 31 Sunrise Plaza Boysie Siew; Mark M. Salomon; Ram P. Gupta     None NAP
Loan 30 The Shoppes at Lakeline Steve Silon; Audra Lee Silon; Steve Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988; Audra Lee Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988     None NAP
Loan 32 Oswego Commons Steve Silon; Audra Lee Silon; Steve Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988; Audra Lee Silon, as Trustee of The Steve Silon and Audra Lee Silon Family Trust dated June 29, 1988     None NAP
Loan 33 The Orchards Shopping Center Yechiel Rivlin; Samuel Brettler     None NAP
Loan 34 JR Automation New Mountain Net Lease Corporation     None NAP
Loan 35 Walgreens Adrian, MI Mark Rubin     None NAP
Loan 36 Shoppes of New Philadelphia Edward K. Arndt     None NAP
Loan 37 Show Low Retail BWL Investments, L.L.C.     None NAP

 

A-1-9 

 

 

CFCRE 2016-C7
FOOTNOTES TO ANNEX A-1
   
(1) CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; SG—Société Générale; UBSAG—UBS AG.
   
(2) Loan No. 1 – Hilton Hawaiian Village – The Original Balance ($) and Cut-off Date Balance ($) of $56.625 million represents the non-controlling Note A-2-B-3 of a $1.275 billion whole loan evidenced by 21 promissory notes: 16 senior notes with an aggregate original principal balance of $696.6 million and five junior notes with an aggregate original principal balance of $578.4 million (the “Hilton Hawaiian Village Whole Loan”). The controlling pieces are five senior notes: Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D and Note A-1-E and all of the junior notes: Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5 and were contributed to the Hilton USA Trust 2016-HHV. Note A-2-A-1, Note A-2-A-2, Note A-2-A-3 and Note A-2-A-4 are held by JPMorgan Chase Bank, National Association. Note A-2-B-1 and Note A-2-B-2 are held by Deutsche Bank AG, New York Branch. Note A-2-D-1 and Note A-2-D-2 are held by Morgan Stanley Bank, N.A. Note A-2-E-1 and Note A-2-E-2 are held by Barclays Bank PLC.
   
  Loan No. 3 – Google Kirkland Campus Phase II – The Original Balance ($) and Cut-off Date Balance ($) of $50.0 million represents the controlling Note A-1 of a $72.5 million whole loan evidenced by two pari passu notes (the “Google Kirkland Campus Phase II Whole Loan”). The related pari passu companion loan has an aggregate original principal balance of $22.5 million and is evidenced by the non-controlling Note A-2 which is held by CCRE and is expected to be contributed to one or more future mortgage trusts.
   
  Loan No. 4 – Fresno Fashion Fair – The Original Balance ($) and Cut-off Date Balance ($) of $41.0 million represents $36.0 million non-controlling Note A-2-B and $5.0 million non-controlling Note A-2-D of a $325.0 million whole loan evidenced by seven pari passu notes. The related pari passu companion notes have an aggregate original principal balance of $284.0 million and are evidenced by controlling Note A-1-A , non-controlling Note A-1-B, non-controlling Note A-1-C, non-controlling Note A-2-A and non-controlling Note A-2-C. Controlling Note A-1-A was contributed to the JPMDB 2016-C4 mortgage trust and non-controlling Note A-1-B and non-controlling Note A-1-C are currently held by JPMorgan Chase Bank, National Association and are expected to be contributed to one or more future securitizations. Non-controlling Note A-2-A was contributed the CFCRE 2016-C6 mortgage trust and non-controlling Note A-2-C is currently held by Société Générale and is expected to be contributed to the CGCMT 2016-P6 mortgage trust.
   
  Loan No. 5 – Potomac Mills – The Original Balance ($) and Cut-off Date Balance ($) of $40.5 million represents the $20.0 million non-controlling Note A-2, $12.75 million non-controlling Note A-3, and $7.75 million non-controlling Note A-8  of a $291.0 million whole loan evidenced by 10 pari passu notes. The related pari passu companion notes have an aggregate original principal balance of $250.5 million and are evidenced by seven notes including controlling Note A-1, non-controlling Note A-4, non-controlling Note A-5, non-controlling Note A-6, non-controlling Note A-7, non-controlling Note A-9 and non-controlling Note A-10. Controlling Note A-1 and non-controlling Note A-6 were contributed to the CFCRE 2016-C6 mortgage trust. Non-controlling Note A-7 was contributed to CGCMT 2016-C3. Non-controlling Note A-4 and non-controlling Note A-5 are held by Bank of America, N.A. and are expected to be contributed to one or more future securitizations. Non-controlling Note A-9 is held by Barclays Bank PLC and is expected to be contributed to the CGCMT 2016-P6 mortgage trust. Non-controlling Note A-10 is held by Barclays Bank PLC and is expected to be contributed to one or more future mortgage trusts.
   
  Loan No. 6 – 681 Fifth Avenue – The Original Balance ($) of $34.0 million and Cut-off Date Balance ($) of $34.0 million represents the non-controlling Note A-2 and Note A-4 of an originally $215.0 million whole loan evidenced by six pari passu notes.  The related pari passu companion loans have an aggregate original principal balance of $181.0 million and are evidenced by one controlling note (Note A-1) and three non-controlling notes (Note A-3, Note A-5 and Note A-6). Note A-1 is expected to be contributed to the MSC 2016-UBS12 mortgage trust.
   
  Loan No. 18 – Residence Inn by Marriott LAX – The Original Balance ($) of $13.5 million and Cut-off Date Balance ($) of approximately $13.4 million represents the non-controlling Note A-3 of an originally $53.5 million whole loan evidenced by three pari passu notes (the “Residence Inn by Marriott LAX Whole Loan”). The related pari passu companion loans have an aggregate original principal balance of $40.0 million and are evidenced by one non-controlling note (Note A-1) and one controlling note (Note A-2). Note A-1 was contributed to the SGCMS 2016-C5 mortgage trust and Note A-2 was contributed to the CFCRE 2016-C6 mortgage trust.

 

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(3) With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut-off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property.
   
(4) Loan No. 1 – Hilton Hawaiian Village – The borrower owns a (i) fee simple interest in 2,860 hotel rooms, (ii) a fee simple interest in approximately 130,489 sq. ft. of commercial and retail space and (iii) a leasehold interest in an approximately 5,900 sq. ft. apartment building with 45 rental units.
   
  Loan No. 2 – 25 Senate Place Jersey City – The borrower owns a fee simple interest in (i) 265 units and (ii) 5,970 sq. ft. of ground floor commercial space.
   
  Loan No. 16 – Venice Portfolio – 425-431 Ocean Front Walk – The borrowers own a fee simple interest in (i) 5,774 sq. ft. of multifamily space and (ii) 2,500 sq. ft. of retail space. Occupancy for the 425-431 Ocean Front Walk mortgage property represents the retail component only.
   
  Loan No. 16 – Venice Portfolio – 80 Windward – The borrowers own a fee simple interest in (i) 3,600 sq. ft. of office space and (ii) 2,913 sq. ft. of retail space.
   
  Loan No. 16 – Venice Portfolio – 1711-1715 Pacific Avenue – The borrowers own a fee simple interest in (i) 3,126 sq. ft. of retail space and (ii) 1,128 sq. ft. of office space.
   
(5) Loan No. 2 – 25 Senate Place Jersey City – the Mortgaged Property is subject to restrictions, which among other things, limit access to and use of groundwater at the Mortgaged Property.
   
  Loan No. 7 – Walgreens Net Lease Portfolio 3 - the Walgreens-Manchester, Walgreens-Nashville, Walgreens-Newport and Walgreens-Pierre Mortgaged Properties are subject to land use restrictions which, among other things, (i) prohibit the use of groundwater at the Mortgaged Properties and/or (ii) require the implementation and maintenance of caps or other engineering controls over the impacted soil, and/or (iii) require compliance with any and all applicable environmental laws to protect the health and safety of construction workers if impacted soil is encountered during any future construction activities.
   
  Loan No. 14 – Mariano’s Bronzeville – the Mortgaged Property is subject to land use restrictions which, among other things (i) prohibit use of the Mortgaged Property for residential purposes, (ii) prohibit the use of the groundwater at the Mortgaged Property, (iii) require development of a worker safety plan prior to any excavation or construction activities and (iv) require the maintenance of engineering controls, including an asphalt barrier and concrete cap, over impacted soil.
   
  Loan No. 33 – The Orchards Shopping Center – the Mortgaged Property is subject to that certain unrecorded Redevelopment and Economic Incentive Agreement which requires the continued use of the Mortgaged Property as a retail shopping center through July 18, 2021. This operating covenant was made of record in the vesting deed to the Borrower. The deed contains the operating covenant only and makes no reference to the Redevelopment and Economic Incentive Agreement.
   
  Loan No. 34 – JR Automation – A portion of the Mortgaged Property is included on the National Wetlands Inventory.  An area of the northern portion of the Mortgaged Property consisting of a freshwater pond is classified as federally regulated freshwater wetlands.  The borrower is prohibited from any construction or renovation at the Mortgaged Property which might impact such wetlands as such acts are regulated by federal, state or local regulations.
   
  Loan No. 35 – Walgreens Adrian, MI – The Mortgaged Property is subject to recorded land use restrictions which, among other things, (i) prohibit residential uses at the Mortgaged Property and (ii) limit access to or use of groundwater at the Mortgaged Property.
   
  Loan No. 37 – Show Low Retail – The Mortgaged Property is subject to recorded restrictions that run with the land that (i) prohibit the use of the Mortgaged Property for, among other things, any non-retail use, any home improvement center, any medical or dental clinic over 3,500 square feet or any bank or credit union over 6,400 square feet, (ii) require the borrower to maintain the improvements at the Mortgaged Property pursuant to certain designated criteria approved by Home Depot U.S.A. Inc. (“Home Depot”), a prior owner of the Mortgaged Property and current adjacent property owner and (iii) require the approval of Home Depot for the construction and/or operation of any restaurant at the Mortgaged Property.  

 

A-1-11 

 

   
(6) Loan No. 7 – Walgreens Net Lease Portfolio 3 – The Walgreens Net Lease Portfolio 3 Loan has an anticipated repayment date (“ARD”) of December 1, 2026 and a stated maturity date of December 1, 2031. Prior to the ARD, the Walgreens Net Lease Portfolio 3 Loan is interest only and accrues interest at a fixed rate of 4.5930%. From and after the ARD, the Walgreens Net Lease Portfolio 3 Loan interest rate will increase to 3.0000% per annum plus the greater of (i) 4.5930% or (ii) the 10 year swap yield as of the first business day after the ARD.
   
  Loan No. 10 – Walgreens Net Lease Portfolio 2 – The Walgreens Net Lease Portfolio 2 Loan has an ARD of December 1, 2026 and a stated maturity date of December 1, 2031. Prior to the ARD, the Walgreens Net Lease Portfolio 2 Loan is interest only and accrues interest at a fixed rate of 4.5930%. From and after the ARD, the Walgreens Net Lease Portfolio 2 Loan interest rate will increase to 3.0000% per annum plus the greater of (i) 4.5930% or (ii) the 10 year swap yield as of the first business day after the ARD.
   
(7) The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, asset representations reviewer fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement.  
   
(8) Loan No. 2 – 25 Senate Place Jersey City – The 25 Senate Place Jersey City Mortgage Loan amortizes on a planned amortization schedule provided in Annex E of this Prospectus.  The planned amortization schedule was calculated based on the aggregate balance of the 25 Senate Place Jersey City Loan and the 25 Senate Place Jersey City mezzanine loan and a 30 year amortization schedule and a pro-rata allocation of principal between the 25 Senate Place Jersey City Loan and the 25 Senate Place Jersey City Mezzanine Loan. As such, the Cut-off Date Balance ($), Maturity or ARD Balance ($), Interest Rate, Original Amortization Term, Remaining Amortization Term, Monthly Debt Service ($), Annual Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR are based upon the planned amortization schedule. Underwritten NOI DSCR and Underwritten NCF DSCR shown in Annex A-1 were calculated using the sum of the principal and interest payments of the first 12 payments allocable to the Mortgage Loan following the Cut-off Date. The Monthly Debt Service ($) shown in Annex A-1 was calculated using the average of the principal and interest payments of the first 12 payments allocable to the Mortgage Loan following the Cut-off Date. Original Amortization Term and Remaining Amortization Term shown in Annex A-1 reflect the approximate amortization based on planned amortization schedule provided in Annex E.
   
(9) Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments).
   
(10) “Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox.
   
(11) “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash

 

A-1-12 

 

 

  as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents).
   
(12) Loan No. 1 – Hilton Hawaiian Village – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 3 – Google Kirkland Campus Phase II – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loan in the aggregate.
   
  Loan No. 4 – Fresno Fashion Fair – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 5 – Potomac Mills – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 6 – 681 Fifth Avenue – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 18 – Residence Inn by Marriott LAX – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (Sq. Ft./Units/Rooms/Pads) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
(13) Loan No. 1 – Hilton Hawaiian Village – The Original Balance ($) and Cut-off Date Balance ($) of $56.625 million represents the non-controlling Note A-2-B-3, which together with 15 other pari passu Senior Loans have an aggregate original principal balance of $696.6 million, and five subordinate Junior Companion Loans, with an aggregate original principal balance of $578.4 million, comprise the Hilton Hawaiian Village Whole Loan with an aggregate original principal balance of $1.275 billion.
   
  Loan No. 5 – Potomac Mills – The Original Balance ($) and Cut-off Date Balance ($) of $40.5 million represents the non-controlling Note A-2, non-controlling Note A-3 and non-controlling Note A-8, together with seven other pari passu senior loans, have an aggregate original principal balance of $291.0 million, and 10 subordinate junior companion loans, with an aggregate original principal balance of $125.0 million, comprise the Potomac Mills Whole Loan with an aggregate original principal balance of $416.0 million.  
   
(14) The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default.  Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this preliminary prospectus.
   
(15) Loan No. 18 – Residence Inn by Marriott LAX – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) with respect to the loan is based on the value of $82.5 million, which assumes the “As Stabilized” value as of March 1, 2017. The Cut-off Date LTV Ratio based on the $80.5 million “As Is” value is 66.0%.
   
  Loan No. 25 – Altama Village – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) with respect to the loan is based on the value of $9.2 million, which assumes the “Prospective Value Upon

 

A-1-13 

 

 

  Completion/Stabilization” value as of February 1, 2017. The Cut-off Date LTV Ratio based on the $8.0 million “As Is” value is 75.0%.
   
(16) Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.
   
  “L(x)” means lock-out for x payments.
   
  “D(x)” means may be defeased for x payments.
   
  “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.
   
  “DorYM1 (x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.
   
  “O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date.
   
  Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this preliminary prospectus. 
   
(17) Loan No. 1 – Hilton Hawaiian Village – The borrower has the option of (a) prepayment in full together with the greater of 1% or yield maintenance or (b) defeasance in full. The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2016. Defeasance of the full $1.275 billion Hilton Hawaiian Village Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) May 1, 2019. The assumed lockout period of 25 payments is based on the expected CFCRE 2016-C7 securitization closing date in December 2016. The actual lockout period may be longer.
   
  Loan No. 3 – Google Kirkland Campus Phase II – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2016. Prepayment of the $72.5 million Google Kirkland Campus Phase II Whole Loan is permitted in whole with payment of yield maintenance after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) December 6, 2019. The assumed lockout period of 25 payments is based on the expected CFCRE 2016-C7 securitization closing date in December 2016. The actual lockout period may be longer.
   
  Loan No. 4 – Fresno Fashion Fair – The borrower has the option of (a) prepayment in full together with the greater of 1% or yield maintenance or (b) defeasance in full. The lockout period for defeasance and yield maintenance will be at least 25 payment dates beginning with and including the first payment date of December 1, 2016. Yield maintenance of the full $325.0 million Fresno Fashion Fair Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) October 6, 2019. The assumed lockout period of 25 payments is based on the expected CFCRE 2016-C7 securitization closing date in December 2016. The actual lockout period may be longer.
   
  Loan No. 5 – Potomac Mills – The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of December 1, 2016. Defeasance of the full $416.0 million Potomac Mills Whole Loan is permitted on or after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) October 5, 2019. The assumed lockout period of 25 payments is based on the expected CFCRE 2016-C7 securitization closing date in December 2016. The actual lockout period may be longer.
   
  Loan No. 6 – 681 Fifth Avenue – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2016.  Defeasance of the full $215.0 million 681 Fifth Avenue Whole Loan is permitted after the date that is earlier to occur of (i) December 6, 2020 and (ii) two years after the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected CFCRE 2016-C7 securitization closing date in December 2016. The actual lockout period may be longer.

 

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(18) Loan No. 1 – Hilton Hawaiian Village – At any time after the lockout period, the borrower may obtain the release of the Taran Outparcel or Retail Release Outparcel from the lien of the mortgage, so long as, among other things (i) no event of default has occurred and is continuing, (ii) following such release, the resort will remain in compliance with all applicable legal requirements including zoning and (iii) the borrower partially prepays the loan in accordance with the loan documents, in an amount equal to the applicable Release Price.
   
  Loan No. 4 – Fresno Fashion Fair – At any time during the term of Fresno Fashion Fair Whole Loan, the borrower may obtain the release of any immaterial or non-income producing portions of the Mortgaged Property if among other conditions, (i) no event of default is continuing and no event of default would occur as a result of the release, (ii) the release would not materially affect revenues produced by the remaining improvements, and (iii) the LTV is not greater than 125%. Pursuant to the loan agreement, the borrower will have the ability to release the surface parking area surrounding the Forever 21 parcel as well the existing Macy’s Men’s & Children’s and the surrounding parking field without payment of any release price. In the event that following such release, Underwritten NOI is lower than immediately prior to such release; the borrower sponsor is required to enter into a master lease to supplement such deficiency.
   
  Loan No. 5 – Potomac Mills – Any time during the term of the Potomac Mills Whole Loan, the borrower may obtain the release of immaterial or non-income producing portions of the Mortgaged Property, provided that no event of default has occurred and is continuing. If the tenant under the IKEA lease exercises its purchase option, the borrower may also obtain the release of the IKEA parcel without the consent of any person if the borrower delivers reasonably satisfactory evidence to the lender that the IKEA parcel has been subdivided from the remainder of the Mortgaged Property in accordance with applicable legal requirements and the remainder of the Mortgaged Property constitutes a separate tax lot.
   
  Loan No. 7 – Walgreens Net Lease Portfolio 3 – Any time after the expiration of the lockout period the borrower may obtain the release of an individual property upon a bona fide third-party sale provided, among other things, (i) no event of default has occurred and is continuing, (ii) the borrower prepays the loan in accordance with the loan documents, in an amount equal to or greater than the Adjusted Release Amount, (iii) the DSCR for the remaining properties is not less than the greater of the DSCR for all of the properties then remaining subject to the liens of the security instruments (including the individual property requested to be released) immediately preceding such release and the DSCR on the closing date and (iv) payment of the applicable yield maintenance premium. At any time during the term of the loan, if with respect to an individual property, (i) a Go Dark Event or (ii) Fail to Restore Event has occurred, the borrower may obtain the release of an individual property provided, among other things, (i) the borrower prepays the loan in accordance with the loan documents, in an amount equal to or greater than the allocated loan amount and (ii) the borrower pays the applicable yield maintenance premium.
   
  Loan No. 10 – Walgreens Net Lease Portfolio 2 – Any time after the expiration of the lockout period the borrower may obtain the release of an individual property upon a bona fide third-party sale provided, among other things, (i) no event of default has occurred and is continuing, (ii) the borrower prepays the loan in accordance with the loan documents, in an amount equal to or greater than the Adjusted Release Amount, (iii) the DSCR for the remaining properties is not less than the greater of the DSCR for all of the properties then remaining subject to the liens of the security instruments (including the individual property requested to be released) immediately preceding such release and the DSCR on the closing date and (iv) payment of the applicable yield maintenance premium. At any time during the term of the loan, if with respect to an individual property, (i) a Go Dark Event or (ii) Fail to Restore Event has occurred, the borrower may obtain the release of an individual property provided, among other things, (i) the borrower prepays the loan in accordance with the loan documents, in an amount equal to or greater than the allocated loan amount and (ii) the borrower pays the applicable yield maintenance premium.
   
  Loan No. 13 – Melohn Multifamily Portfolio I – At any time after the expiration of the lockout period and prior to the open period, the borrowers may obtain the release of an Individual Property provided, among other things, the borrowers deliver defeasance collateral in an amount equal to the greater of (i) 120% of the Allocated Loan Amount with respect to such individual Mortgaged Property and (ii) an amount such that, after giving effect to such release, (a) the debt service coverage ratio of the remaining Mortgaged Properties is greater than or equal to 1.30x and (b) the loan to value ratio of the remaining properties is less than or equal to 67.0%.
   
  Loan No. 16 – Venice Portfolio – At any time after the expiration of the lockout period, the borrowers may obtain the release of an Individual Property provided, among other things, (i) the borrowers deliver defeasance collateral in an amount equal to 120% of the Allocated Loan Amount with respect to such individual Mortgaged Property, (ii) after giving effect to such release, (A) the debt service coverage ratio of the remaining Mortgaged Properties is no less than the greater of (x) 1.60x, (y) the debt service coverage ratio immediately prior to the release, and (z) the annualized debt service coverage ratio immediately prior to the release, (B) the post-defeasance debt yield for the

 

A-1-15 

 

 

  remaining Mortgaged Properties is at least equal to the greater of (x) 10.00%, (y) the debt yield as of the defeasance date but prior to the consummation of the partial defeasance event, and (z) the annualized debt yield as of the defeasance date but prior to the consummation of the partial defeasance event, and (C) the post-defeasance loan to value ratio is not more than the lesser of (x) 46.0%, and (y) the loan to value ratio as of the defeasance date but prior to the consummation of the partial defeasance event.
   
(19) Loan No. 18 – Residence Inn by Marriott LAX – At origination, the borrower reserved $5,500,000 in an earn-out reserve. The loan documents provide that the borrower may request an initial disbursement from the earn-out reserve in an amount equal to $3,000,000 on any date after October 18, 2016 if, among other things, (i) the Earn-Out Debt Yield (as defined in the loan documents) is greater than or equal to 10.0% for the immediately preceding calendar quarter, and (ii) no event of default has occurred or is continuing. The borrower has requested the initial disbursement from the earn-out reserve in an amount equal to $3,000,000. At any time after April 18, 2017, the borrower may request the disbursement of the remaining available balance of the earn-out reserve funds if, among other things, (i) the Earn-Out Debt Yield is greater than or equal to 10.0% for the immediately preceding two calendar quarters and (ii) no event of default has occurred or is continuing.
   
(20) Loan No. 25 – Altama Village – The lender will disburse (i) $150,000 into the Rollover Reserve after the Harbor Freight Rent Commencement Date has occurred and $150,000 into the Rollover Reserve eight months after the Harbor Freight Rent Commencement Date has occurred, (ii) $225,570 to Harbor Freight for TI reimbursements after tenant opens for business, (iii) provided the Harbor Freight Rent Commencement Date has occurred, $53,953.33 to the borrower on June 30, 2017, $53,953.33 to the borrower on September 30, 2017 and $53,953.34 to the borrower on December 31, 2017, (iv) $100,000 into the Replacement Reserve after the Harbor Freight Lease Commencement Date has occurred.
   
(21) The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:
   
  Loan No. 1 – Hilton Hawaiian Village – The borrower has a leasehold interest in approximately 5,900 square feet that contains a small apartment building with 45 rental units pursuant to a ground lease that expires on July 31, 2035. The ground lease currently requires monthly rent of approximately $12,762 from August 1, 2016 through July 31, 2017, on which date the annual monthly payment will increase by 3% each year through 2035. 
   
  Loan No. 18 – Residence Inn by Marriott LAX – The Property is subject to a ground lease that expires on December 31, 2114 and has no renewal options. The ground rent for calendar year 2016 is $400,000 per annum and increases $25,000 every year through 2025. Beginning January 1, 2026 and continuing every year thereafter, the ground rent increases by 3.0% annually. Additionally, so long as the property is being operated as a hotel, the borrower is required to pay to the ground lessor, as additional rent, the amount (if any) by which the annual base rent payable by tenant is exceeded by one and one-half percent (1.5%) of gross annual room sales from the hotel per year.
   
(22) Loan No. 6 – 681 Fifth Avenue – Metropole Realty Advisors, Inc. an affiliate of the borrower, currently leases 5,770 sq. ft. of the net rentable area at the Mortgaged Property.
   
  Loan No. 16 – Venice Portfolio – 425-431 Ocean Front Walk – Fig Tree Restaurant, the Largest Tenant, an affiliate of the borrower, currently leases 2,000 sq. ft. (24.2% of NRA) of the net rentable area at the Mortgaged Property.
   
  Loan No. 16 – Venice Portfolio – 1711-1715 Pacific Avenue – Fig Tree Restaurant, the 2nd Largest Tenant, an affiliate of the borrower, currently leases 1,128 sq. ft. of the net rentable area at the Mortgaged Property.
   
  Loan No. 37 – Show Low Retail – Supercuts, the 3rd Largest Tenant (1,178 sq. ft. / 18.4% of NRA) and UPS Store (1,175 sq. ft. / 18.3% of NRA) are affiliates of the borrower, representing a total of 36.7% owner occupancy.
   
(23) Loan No. 3 – Google Kirkland Campus Phase II – In March 2016, Google executed a triple-net lease, which, with respect to 125,520 sq. ft., expires on November 30, 2027 and with respect to 55,324 sq. ft. expires on January 31, 2029.
   
(24) The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if landlord violates the lease or fails to provide utilities or certain essential services for

 

A-1-16 

 

 

  a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely.  In addition to the foregoing, the following are early non-contingent termination options for those tenants listed in Annex A-1:
   
  Loan No. 3 – Google Kirkland Campus Phase II – Google, the single tenant, has the right to reduce the area of its leased space (and reduce its rent accordingly) with respect to (i) all or part of one-half of a floor, representing approximately 25% of the net rentable area at the Mortgaged Property (a “Quadrant”) effective November 30, 2020 and (ii) all or part of a Quadrant, effective as of November 30, 2022; upon 12 months’ notice and payment of a contraction fee.
   
  Loan No. 11 – Lennox Shopping Center – The Largest Tenant, Tom Thumb has an ongoing termination option to terminate its lease with 30 days’ notice to the landlord provided any full service grocery store or drug store takes occupancy and does not cease operations within 60 days written notice by Tom Thumb.
   
  Loan No. 16 – Venice Portfolio – 80 Windward – The Largest Tenant, Snapchat, has a termination right on March 1, 2019 exercisable with 120 days’ prior notice.
   
  Loan No. 17 – Lubbock Parkade – The 3rd Largest Tenant, TJMaxx has a co-tenancy clause triggered if Hobby Lobby or Stein Mart are not open for business.  If Hobby Lobby or Stein Mart are not open for business, (i) no minimum rent is required to be paid and TJMaxx is required to pay the lesser of minimum rent or 2% of gross sales and (ii) if such period continues for more than 180 consecutive days, TJMaxx may terminate at any time during such period by giving notice.
   
  Loan No. 17 – Lubbock Parkade – The 4th Largest Tenant, Tuesday Morning has a lease that provides that the tenant is not required to commence paying rent until TJ Maxx, Hobby Lobby and Stein Mart are open and operating. After the rent commencement date, Tuesday Morning’s co-tenancy requirements are satisfied as long as two of the following three tenants are open and operating for retail uses (TJ Maxx, Hobby Lobby, Stein Mart or a similar national retailer replacement tenant operating in greater than or equal to 85% of the space shown on the site plan for such tenants).  If the co-tenancy requirement is not satisfied at any time after the rent commencement date, then, Tuesday Morning pays alternate rent, in lieu of fixed rent, defined as the lesser of (i) 5% of gross sales, or (ii) or fixed rent otherwise payable. If Tuesday Morning is required to pay an alternate rent for one year, the tenant may, within 90 days following such one-year period, terminate by no less than 30 days’ and no more than 180 days’ notice to the landlord.
   
  Loan No. 17 – Lubbock Parkade – The 4th Largest Tenant, Tuesday Morning has a kickout option where if Tuesday Morning operates for at least 355 days during the 5th lease year, if gross sales are less than $1.3 million during the 5th lease year, Tuesday Morning has a one-time option to terminate any time within a 30 day period after the end of the 5th lease year. If the tenant terminates, the tenant pays the landlord the unamortized portion of the allowance.
   
  Loan No. 25 – Altama Village – The 5th Largest Tenant, Party City has the right to terminate its lease if sales are less than $1.7 million at the end of January 2020, provided that the tenant has 60 days following such date to terminate the lease with eight months’ notice. Tenant must pay a $50,000 penalty if the option is exercised.
   
  Loan No. 29 – Rock Springs Retail Portfolio – 101 Gateway Blvd. – The 2nd Largest Tenant, Payless has the option to terminate their lease if annual sales fall below $400,000 in any year with 90 days’ notice.
   
  Loan No. 33 – The Orchards Shopping Center – The 3rd Largest Tenant, Rent-A-Center has a co-tenancy clause where if Dollar General ceases conducting business at The Orchards Shopping Center, Rent-A-Center may (i) terminate its lease upon 30 days’ notice at any time prior to the commencement of a Dollar General replacement commencing and (ii) receive a rent abatement of 50% of all sums due under the lease until a replacement tenant commences in the vacated space.
   
  Loan No. 33 – The Orchards Shopping Center – The 3rd Largest Tenant, Rent-A-Center may terminate its lease if occupancy falls below 50% for two months by giving 30 days’ notice and receives a rent abatement of 50% of all sums due under the lease so long as the 50% occupancy remains unmet after such two month period.  

 

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  Loan No. 35 – Walgreens Adrian, MI – Walgreens, the single tenant, has the right to terminate the lease on February 28, 2028 and every five years thereafter through expiration with six months’ written notice.
   
(25) The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:
   
  Loan No. 6 – 681 Fifth Avenue – MCM Products USA, Inc. (“MCM”) is currently subleasing Belstaff USA’s 5,835 sq. ft. suite on the 10th floor which has a lease expiration date of February 12, 2017.
   
  Loan No. 6 – 681 Fifth Avenue – Forall USA, Inc. is currently subleasing Belstaff USA’s 5,835 sq. ft. suite on the 8th floor which has a lease expiration date of March 31, 2022.
   
  Loan No. 14 – Mariano’s Bronzeville – The property is 100.0% occupied by Roundy’s Illinois, LLC via a co-terminus sublease with Roundy’s Supermarkets, Inc. Roundy’s Illinois, LLC enters into subleases for all their sites with the operating entity that runs the store. The same entity runs all the Mariano’s locations and is a wholly owned subsidiary of Roundy’s Supermarkets, Inc.
   
  Loan No. 15 – Plaza on 8th – The 4th Largest Tenant, CVS Pharmacy has subleased its entire premises to another CVS Pharmacy affiliate due to a corporate restructure at the company.
   
(26) The following major tenants shown on Annex A-1 have abated, free or prepaid rent:
   
  Loan No. 2 – 25 Senate Place Jersey City – One of the retail tenants Club Barks, LLC, occupying 2,400 sq. ft. has approximately $3,978 of abated rent that will be held in escrow.
   
  Loan No. 3 – Google Kirkland Campus Phase II – The borrower deposited $343,318 into a rent bridge reserve, which represents two months’ of rent related to 55,324 sq. ft. at the Mortgaged Property for which Google is expected to start paying rent in February 2017.
   
  Loan No. 25 – Altama Village – The Largest Tenant, Harbor Freight will pay rent equal to $7.45 PSF for the first eight months following the rent commencement date after which, the rent will increase to $14.90 PSF thereafter.
   
  Loan No. 29 – Rock Springs Retail Portfolio – 1977 Dewar Drive – Solar Nails, the 2nd Largest Tenant received a rent abatement period from November 1, 2016 until April 1, 2017.
   
  Loan No. 36 – Shoppes of New Philadelphia – The 2nd Largest Tenant, Sumo Hibachi has a free rent reserve of $46,667 which will be disbursed monthly for 10 months commencing January 2017 and ending in October 2017.
   
(27) The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the cut-off date of the securitization.
   
  Loan No. 2 – 25 Senate Place Jersey City – One of the retail tenants, Club Barks, LLC, has a lease commencement in August 2016 but is not anticipated to take occupancy until January 2017. 
   
  Loan No. 3 – Google Kirkland Campus Phase II – the single tenant, Google, is not yet in occupancy of a remaining 55,324 Sq. ft. portion of its space (the “Remaining Premises”).  Google is anticipated to take occupancy of and is expected to commence paying rent on the Remaining Premises by February 1, 2017.
   
  Loan No. 17 – Lubbock Parkade – The 4th Largest Tenant, Tuesday Morning, has signed a lease for 13,000 sq. ft. and has taken possession of its space. The tenant is expected to open for business in April 2017.
   
  Loan No. 25 – Altama Village – The Largest Tenant, Harbor Freight has a rent commencement date that occurs 120 days after the lease commencement date which does not commence until the next business day following the date the landlord delivers to the tenant a gray shell. Once landlord’s work is completed and tenant has been provided a certificate of completion, the lease will commence the next business day. The work is to be completed by EIG Altama Village, LLC the owner of the property immediately prior to the borrower taking occupancy. The expected delivery date is December 9, 2016 and the tenant expects to be open and operating before the end of the year. If the landlord does not substantially complete its work by May 8, 2017, the tenant has the option to terminate the lease with carve outs due to Force Majeure or any tenant caused delays. In addition to the earnout reserves described in the next column, the title company has reserved (and is holding) the estimated cost to  

 

A-1-18 

 

 

  complete the gray shell ($405,923.89), which will be released to EIG Altama Village, LLC following substantial completion.
   
  Loan No. 34 – JR Automation – The single tenant, JR Automation, is currently completing the build-out of their space, and will take occupancy of the warehouse portion in November 2016. The tenant plans to complete the build-out and fully occupy the office space by the beginning of 2017. The borrower has reserved the $850,000 TI package provided to tenant per lease, and will disburse the funds to the landlord once the build-out is complete. 
   
  Loan No. 37 – Show Low Retail – The 4th Largest Tenant, UPS Store, has a hard rent commencement date on the earlier of (i) being open for business or (ii) December 1, 2016.
   
(28) Loan No. 8 – FedEx Distribution Portfolio – Athens Property – GM Federal Acquisition, LLC, HR Federal Acquisition, LLC and DG Federal Acquisition, LLC own the Athens Property as closed tenants-in-common.
   
  Loan No. 8 – FedEx Distribution Portfolio – Middleboro Property – Middleborough Federal Acquisition LLC and Middleborough Federal Acquisition II LLC own the Middleboro Property as closed tenants-in-common.
   
  Loan No. 14 – Mariano’s Bronzeville – 442 Sterling Place Realty LLC, 801 Ocean Avenue Realty LLC and JJRD Realty Associates LLC own the Mortgaged Property as closed tenants-in-common.
   
  Loan No. 31 – Sunrise Plaza – ProVest Sunrise Plaza LLC, Windmere Realty LLC and Imperial Holding LLC own the Mortgaged Property as tenants-in-common.
   
(29) All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. 
   
(30) All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents. 
   
(31) Loan No. 6 – 681 Fifth Avenue – The Borrower is required to escrow remaining rent concessions of $250,262 for MCM for the February 14, 2017 through September 15, 2017 period.
   
  Loan No. 15 – Plaza on 8th – Upon the occurrence of a Material Tenant Trigger Event, the Material Tenant Trigger Event Excess Cash Flow shall be deposited into the Material Tenant Rollover reserve account.
   
  Loan No. 15 – Plaza on 8th – As it relates to CVS Pharmacy and/or PNC Bank, as applicable, so long as (i) no material tenant trigger event will have occurred and is continuing, and (ii) (a) the applicable tenant is obligated pursuant to its lease to maintain, and is maintaining, insurance pursuant to the requirements set forth in the loan documents, among others, the borrower will not be required to make monthly insurance escrows associated with such tenant or (b) the applicable tenant is obligated pursuant to its lease to maintain, and is maintaining, its leased space in a condition acceptable to the lender, among others, the borrower will not be required to make monthly replacement escrows associated with such tenant.
   
  Loan No. 15 - Plaza on 8th – The borrower will not be required to make monthly TI/LC escrows so long as no material tenant trigger event will have occurred and is continuing and each of the leases as applicable to CVS Pharmacy, PNC Bank and St. Luke’s are in full force and effect, among others.
   
  Loan No. 23 – Fresenius Cleveland – Monthly Replacement Reserve deposit of $522.75 will commence after the 60th payment date.
   
  Loan No. 25 – Altama Village – Monthly TI/LC Reserve deposits of $3,344.12, subject to a cap of (A) $300,000, (B) in-place occupancy not less than 80%, (C) satisfaction of the Co-Tenancy Provisions, (D) a Party City Termination Period has not occurred and is continuing and (E) an Anchor Tenant Trigger Event has not occurred and is continuing will commence on January 6, 2018.
   
  Loan No. 26 – KB Texas Dialysis Portfolio – Monthly Replacement Reserve deposit of $278.66 will commence after the 60th payment date.

 

A-1-19 

 

 

  Loan No. 31 – Sunrise Plaza – Monthly Replacement Reserve deposit of $1,446.92 will commence on December 6, 2017.
   
  Loan No. 31 – Sunrise Plaza – Monthly Rollover Reserve deposits of (i) $3,617.29 so long as the satisfaction of any Winn-Dixie Performance Condition is then continuing or (ii) $10,851.88, otherwise subject to a cap of (A) $350,000, (B) in-place occupancy not less than 70% and (C) satisfaction of a Winn-Dixie Performance Condition has occurred and is continuing and will begin on December 6, 2017.
   
  Loan No. 33 – The Orchards Shopping Center – The Borrower deposited $50,000 at closing to the Replacement reserve and is not required to make monthly deposits until such time as the amount in the Replacement reserve is less than or equal to $25,000, at which point Borrower is required to deposit $1,130.12 into the Monthly Replacement Reserves ($) for the remainder of the term of the loan.
   
  Loan No. 33 – The Orchards Shopping Center – The Borrower deposited $175,000 at closing to the Rollover reserve and is not required to make monthly deposits until such time as the amount in the Rollover reserve is less than or equal to $100,000, at which point Borrower is required to deposit $2,825.29 into the Monthly Rollover reserves ($) for the remainder of the term of the loan.

 

(32) Environmental Insurance In Lieu of Phase II

 

Loan No.   Mortgage Loan   Mortgage Loan
Cut-off Date
Balance
  % of Initial
Outstanding
Pool Balance
  Maximum Policy
Amount
  Premium Paid in
Full
1   Hilton Hawaiian Village   $56,625,000   8.7%   $25,000,000   Yes

  

(33) Summary of Existing Pari Passu Debt

 

Loan

No.

  Mortgage Loan Mortgage Loan Cut-off Date
Balance
Companion Loan
Cut-off Date
Balance
Whole Loan Cut-
off Date Balance
Whole Loan
U/W NCF
DSCR
Whole Loan Cut-
off Date LTV
Ratio
Whole Loan Cut-off Date U/W NOI Debt Yield
1   Hilton Hawaiian Village $56,625,000 $639,975,000 $696,600,000 4.47x 31.2% 21.2%
3   Google Kirkland Campus Phase II $50,000,000 $22,500,000 $72,500,000 2.56x 49.7% 9.8%
4   Fresno Fashion Fair $41,000,000 $284,000,000 $325,000,000 2.14x 57.5% 8.1%
5   Potomac Mills $40,500,000 $250,500,000 $291,000,000 4.39x 38.0% 13.9%
6   681 Fifth Avenue $34,000,000 $181,000,000 $215,000,000 1.67x 48.9% 7.3%
18   Residence Inn by Marriott LAX $13,401,782 $39,708,983 $53,110,764 1.56x 64.4% 11.9%
                 
(34) Split Loan Summary

 

Loan
No.
Mortgage Loan A-Note Cut-off
Date Balance
B-Note Cut-off
Date Balance
Total Mortgage
Debt Cut-off
Date Balance
Pooled
Trust
U/W NCF
DSCR
Total
Mortgage
Debt U/W
NCF DSCR
Pooled
Trust
Cut-off
Date
LTV
Total
Mortgage
Debt Cut-off Date
LTV
Ratio
Pooled
Trust
U/W
NOI
Debt
Yield
Total
Mortgage
Debt U/W
NOI Debt
Yield
1 Hilton Hawaiian Village $696,600,000 $578,400,000 $1,275,000,000 4.47x 2.44x 31.2% 57.2% 21.2% 11.6%
5 Potomac Mills $291,000,000 $125,000,000 $416,000,000 4.39x 2.65x 38.0% 54.4% 13.9% 9.7%

 

(35) Summary of Existing Mezzanine Debt

 

Loan
No.
  Mortgage Loan   Mortgage
Loan
Cut-off
Date
Balance
  % of Initial
Outstanding
Pool
Balance
  Mezzanine
Debt Cut-off
Date Balance
  Annual
Interest Rate
on
Mezzanine
Loan
  Mezzanine
Loan
Maturity
Date
  Intercreditor
Agreement
  Total
Debt
Cut-off
Date
LTV
Ratio
  Total
Debt
U/W
NCF
DSCR
  Total
Debt
U/W NOI
Debt
Yield
                                         
2   25 Senate Place Jersey City   $56,000,000   8.6%   $10,000,000   8.5000%   12/6/2026   Yes   65.3%   1.15x   7.5%

 

A-1-20 

 

 

(36)  Summary of Future Mezzanine Debt

 

Loan
No.
  Mortgage Loan   Mortgage Loan
Cut-off Date
Balance
  % of Initial
Outstanding
Pool Balance
  Intercreditor
Agreement
Required
  Combined
Minimum
DSCR
  Combined
Maximum LTV
  Combined Debt
Yield
                             
18   Residence Inn by Marriott LAX   $13,401,782   2.1%   Yes   1.35x   65.0%   10.0%

 

(37) Loan No. 7 – Walgreens Net Lease Portfolio 3 – The borrower sponsor Cantor Fitzgerald Investors, LLC is an affiliate of Cantor Commercial Real Estate Lending, L.P., the loan seller, CCRE Commercial Mortgage Securities, L.P., the depositor, Berkeley Point Capital LLC, a primary servicer and limited subservicer, Cantor Fitzgerald & Co. and Castle Oak Securities, L.P., the underwriters. 
   
  Loan No. 10 – Walgreens Net Lease Portfolio 2 – The borrower sponsor Cantor Fitzgerald Investors, LLC is an affiliate of Cantor Commercial Real Estate Lending, L.P., the loan seller, CCRE Commercial Mortgage Securities, L.P., the depositor, Berkeley Point Capital LLC, a primary servicer and limited subservicer, Cantor Fitzgerald & Co. and Castle Oak Securities, L.P., the underwriters.

 

A-1-21