FWP 1 n912_a1-x7.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-10
     

 

     
 

Free Writing Prospectus dated May 18, 2017

 

The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

 

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

 

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in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

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

 

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

 
     

 

 

 

 

 

ANNEX A-1 

                                           
                                          Original
                Number of Property   Property   Year    Unit of      Occupancy Appraised Appraisal Current Original Balance
Loan # Seller(1) Property Name Street Address City State Zip Code County Properties Type Subtype Year Built Renovated Units(2)  Measure Occupancy %(3) Date Value ($)(4) Date LTV %(4) Balance ($)(5)(6) per Unit ($)
1 JPMCB 245 Park Avenue 245 Park Avenue New York NY 10167 New York 1 Office CBD 1965 2006 1,723,993 Square Feet 91.1% 02/28/17 2,210,000,000 04/01/17 48.9% 98,000,000 626
2 JPMCB 211 Main Street 211 Main Street San Francisco CA 94105 San Francisco 1 Office CBD 1973 1998 417,266 Square Feet 100.0% 06/06/17 294,000,000 03/13/17 57.9% 65,219,000 408
3 JPMCB Browning Place 1603, 1605 & 1607 Lyndon B. Johnson Freeway Farmers Branch TX 75234 Dallas 1 Office Suburban 1983-1984 2016 442,639 Square Feet 85.5% 03/08/17 61,800,000 02/08/17 69.2% 42,840,000 97
4 JPMCB 740 Madison 740 Madison Avenue New York NY 10065 New York 1 Retail Single Tenant 1920 2017 33,176 Square Feet 100.0% 06/01/17 150,000,000 03/13/17 60.0% 40,000,000 2,713
5 JPMCB Diamond Hill Denver 2420, 2460, 2480 & 2490 West 26th Avenue Denver CO 80211 Denver 1 Office Suburban 1969-1973 2016 374,137 Square Feet 76.5% 03/03/17 51,800,000 02/24/17 61.8% 32,000,000 86
6 JPMCB Bingham Office Center 30600-30800 Telegraph Road Bingham Farms MI 48025 Oakland 1 Office Suburban 1974   522,379 Square Feet 84.1% 04/24/17 52,000,000 03/07/17 59.6% 31,000,000 59
7 JPMCB 2950 North Hollywood Way 2950 North Hollywood Way Burbank CA 91505 Los Angeles 1 Office Suburban 2001 2017 162,551 Square Feet 100.0% 04/07/17 64,000,000 12/14/16 48.2% 31,000,000 191
8 JPMCB Marriott Colorado Springs 5580 Tech Center Drive Colorado Springs CO 80919 El Paso 1 Hotel Full Service 1989 2016 309 Rooms 68.9% 12/31/16 40,800,000 12/13/16 62.8% 25,735,000 83,285
9 JPMCB Pillsbury Portfolio Various Various VT Various Various 4 Multifamily Senior Housing Various   245 Units 91.7% 01/31/17 39,900,000 12/12/16 60.6% 24,175,000 98,673
9.01 JPMCB Allenwood 90 Allen Road South Burlington VT 05403 Chittenden 1 Multifamily Senior Housing 1997, 2011   83 Units 92.1% 01/31/17 13,600,000 12/12/16   8,240,000  
9.02 JPMCB Manor South 20 Harbor View Road South Burlington VT 05403 Chittenden 1 Multifamily Senior Housing 1989   62 Units 95.1% 01/31/17 9,900,000 12/12/16   5,998,000  
9.03 JPMCB Homestead 3 Harbor View Drive Saint Albans VT 05478 Franklin 1 Multifamily Senior Housing 2013   56 Units 94.4% 01/31/17 9,100,000 12/12/16   5,514,000  
9.04 JPMCB Harborview 16 Harbor View Road South Burlington VT 05403 Chittenden 1 Multifamily Senior Housing 1998   44 Units 82.7% 01/31/17 7,300,000 12/12/16   4,423,000  
10 BSP Raytheon – 16800 Centretech 16800 East Centretech Parkway Aurora CO 80011 Arapahoe 1 Office Suburban 1987 2014 216,786 Square Feet 100.0% 06/06/17 41,000,000 10/14/16 56.6% 23,200,000 107
11 JPMCB Humblewood Center 19623-19908 Highway 59 North Humble TX 77338 Harris 1 Retail Anchored 1979-1988 2016 160,897 Square Feet 88.2% 04/07/17 32,130,000 03/04/17 68.9% 22,150,000 138
12 BSP Wellington Marketplace 13833-13897 Wellington Trace Wellington FL 33414 Palm Beach 1 Retail Anchored 1989 2014 189,213 Square Feet 92.0% 03/01/17 33,975,000 03/02/17 64.8% 22,000,000 116
13 JPMCB Diamond Hill Apartments 9411 Westheimer Road Houston TX 77063 Harris 1 Multifamily Garden 1968 2015 301 Units 94.0% 03/08/17 29,000,000 03/23/17 74.5% 21,750,000 72,259
14 BSP Apex Fort Washington 600-602 Office Center Drive Fort Washington PA 19034 Montgomery 1 Office Suburban 1988 2015 388,318 Square Feet 91.9% 02/28/17 84,600,000 01/01/18 64.4% 21,000,000 140
15 JPMCB Moffett Gateway 1225-1265 Crossman Avenue Sunnyvale CA 94089 Santa Clara 1 Office Suburban 2016   612,691 Square Feet 100.0% 06/01/17 525,000,000 07/20/16 46.3% 20,000,000 397
16 BSP Walgreens / Rite Aid / Eckerd Portfolio Various Various Various Various Various 5 Retail Freestanding Various   67,474 Square Feet 100.0% 06/06/17 28,250,000 Various 70.7% 20,000,000 296
16.01 BSP Walgreens - Carolina State Road Number 190 & Campo Rico Road Carolina PR 00979 NAP 1 Retail Freestanding 2006   15,660 Square Feet 100.0% 06/06/17 9,125,000 01/24/17   6,460,177  
16.02 BSP Walgreens - Catano State Road Number 24 & State Road Number 165 Guaynabo PR 00965 NAP 1 Retail Freestanding 2005   15,750 Square Feet 100.0% 06/06/17 8,625,000 01/24/17   6,106,195  
16.03 BSP Eckerd (La-Z-Boy) 1825 Jonesboro Road McDonough GA 30253 Henry 1 Retail Freestanding 2004   13,824 Square Feet 100.0% 06/06/17 3,850,000 02/10/17   2,725,664  
16.04 BSP Rite Aid - Shelby 51037 Van Dyke Avenue Shelby Township MI 48316 Macomb 1 Retail Freestanding 1999   11,180 Square Feet 100.0% 06/06/17 3,625,000 02/06/17   2,566,372  
16.05 BSP Rite Aid - Coldwater 450 East Chicago Street Coldwater MI 49036 Branch 1 Retail Freestanding 1998   11,060 Square Feet 100.0% 06/06/17 3,025,000 01/25/17   2,141,593  
17 SMF VI Fireside Self Storage Portfolio Various Various Various Various Various 5 Self Storage Self Storage Various   1,986 Units 88.2% 03/24/17 22,180,000 02/24/17 68.5% 15,187,500 7,647
17.01 SMF VI Castleton Self Storage 8525 Castleton Square Drive Indianapolis IN 46250 Marion 1 Self Storage Self Storage 2007   624 Units 88.8% 03/24/17 8,000,000 02/24/17   5,925,000  
17.02 SMF VI Raytown Storage 9624 East 350 Highway Raytown MO 64133 Jackson 1 Self Storage Self Storage 1978   399 Units 84.5% 03/24/17 3,880,000 02/24/17   2,850,000  
17.03 SMF VI State Street Storage 5500 State Avenue Kansas City KS 66102 Wyandotte 1 Self Storage Self Storage 1986   368 Units 87.2% 03/24/17 3,930,000 02/24/17   2,700,000  
17.04 SMF VI Beachway Self Storage 749 Beachway Drive Indianapolis IN 46224 Marion 1 Self Storage Self Storage 1995   348 Units 89.7% 03/24/17 3,450,000 02/24/17   1,950,000  
17.05 SMF VI Delaware Storage 1201 North 130th Street Kansas City KS 66109 Wyandotte 1 Self Storage Self Storage 2007   247 Units 91.9% 03/24/17 2,920,000 02/24/17   1,762,500  
18 BSP Island View Crossing 1414 Radcliffe Street Bristol PA 19007 Bucks 1 Office Suburban 1919 2004 180,187 Square Feet 94.0% 03/29/17 20,000,000 12/16/16 71.5% 14,300,000 79
19 JPMCB Modesto Springhill Suites 1901 West Orangeburg Avenue Modesto CA 95350 Stanislaus 1 Hotel Limited Service 2007 2015 111 Rooms 84.2% 01/31/17 22,000,000 12/01/16 64.5% 14,200,000 127,928
20 BSP Home Depot - Bridgeport 656 Reservoir Avenue Bridgeport CT 06606 Fairfield 1 Retail Freestanding 1994   107,000 Square Feet 100.0% 06/06/17 20,750,000 01/31/17 66.5% 13,800,000 129
21 BSP Romulus Airport Park 9300 Harrison Road Romulus MI 48174 Wayne 1 Industrial Flex 1978, 1987   649,472 Square Feet 85.8% 03/03/17 25,100,000 02/10/17 53.0% 13,300,000 20
22 JPMCB Courtyard Marriott Clemson 201 Canoy Lane Clemson SC 29631 Pickens 1 Hotel Limited Service 2009   110 Rooms 70.9% 03/31/17 19,400,000 11/03/16 66.2% 12,940,000 117,636
23 SMF VI Knights Road Shopping Center 4000 Woodhaven Road Philadelphia PA 19154 Philadelphia 1 Retail Anchored 1961 2010 75,201 Square Feet 91.2% 04/01/17 18,900,000 01/04/17 66.1% 12,500,000 166
24 SMF VI Monroe Park Tower 101 North Monroe Street Tallahassee FL 32301 Leon 1 Office CBD 1984 2015 112,003 Square Feet 87.9% 02/21/17 18,000,000 01/27/17 68.4% 12,360,000 110
25 JPMCB Elk Grove Hampton Inn 2305 Longport Court Elk Grove CA 95758 Sacramento 1 Hotel Limited Service 2007   110 Rooms 77.1% 01/31/17 16,500,000 12/01/16 63.6% 10,500,000 95,455
26 SMF VI Atrium Office 5001 East Commercenter Drive Bakersfield CA 93309 Kern 1 Office Suburban 1984   76,579 Square Feet 82.9% 12/01/16 15,700,000 09/15/16 66.2% 10,390,000 136
27 JPMCB Quail Creek 7835 Grow Lane Houston TX 77040 Harris 1 Multifamily Garden 1977 2016 192 Units 94.3% 03/27/17 13,700,000 03/03/17 71.1% 9,750,000 50,781
28 SMF VI Holiday Inn Express - Augusta 444 Broad Street Augusta GA 30901 Richmond 1 Hotel Limited Service 1965 2013 117 Rooms 66.4% 01/31/17 16,200,000 03/13/17 58.0% 9,400,000 80,342
29 SMF VI Romeo Commons 18309-18517 Hall Road Macomb Township MI 48044 Macomb 1 Retail Shadow Anchored 1986 2007 76,636 Square Feet 97.5% 03/01/17 14,300,000 01/13/17 65.4% 9,375,000 122
30 SMF VI 106th South Office Building 10421 South Jordan Gateway South Jordan UT 84095 Salt Lake 1 Office Suburban 1998   67,689 Square Feet 100.0% 03/30/17 12,700,000 02/22/17 72.4% 9,200,000 136
31 SMF VI Barrington Town Center 70-130 Barrington Town Square Drive Aurora OH 44202 Portage 1 Retail Anchored 1996-2003   112,631 Square Feet 94.9% 03/24/17 13,550,000 12/16/16 67.7% 9,170,000 81
32 SMF VI Pangea 16 Various Various IL Various Cook 18 Multifamily Garden Various 2016 212 Units 98.1% 03/27/17 15,575,000 02/17/17 57.8% 9,000,000 42,453
32.01 SMF VI 7752 South Cornell Avenue 7752 South Cornell Avenue Chicago IL 60649 Cook 1 Multifamily Garden 1927 2016 21 Units 100.0% 03/27/17 1,450,000 02/17/17   837,881  
32.02 SMF VI 7120-7132 South Wabash Avenue 7120-7132 South Wabash Avenue Chicago IL 60619 Cook 1 Multifamily Garden 1913 2016 18 Units 94.4% 03/27/17 1,250,000 02/17/17   722,311  
32.03 SMF VI 6832 South Crandon Avenue 6832 South Crandon Avenue Chicago IL 60649 Cook 1 Multifamily Garden 1961 2016 20 Units 100.0% 03/27/17 1,150,000 02/17/17   664,526  
32.04 SMF VI 14015 South Tracy Avenue 14015 South Tracy Avenue Riverdale IL 60827 Cook 1 Multifamily Garden 1964 2016 18 Units 100.0% 03/27/17 1,150,000 02/17/17   664,526  
32.05 SMF VI 14021 South Tracy Avenue 14021 South Tracy Avenue Riverdale IL 60827 Cook 1 Multifamily Garden 1964 2016 18 Units 100.0% 03/27/17 1,150,000 02/17/17   664,526  
32.06 SMF VI 3560 West Cermak Road 3560 West Cermak Road Chicago IL 60623 Cook 1 Multifamily Garden 1905 2016 12 Units 91.7% 03/27/17 1,100,000 02/17/17   635,634  
32.07 SMF VI 7654 South Marshfield Avenue 7654 South Marshfield Avenue Chicago IL 60620 Cook 1 Multifamily Garden 1918 2016 12 Units 100.0% 03/27/17 950,000 02/17/17   548,957  
32.08 SMF VI 708 South Karlov Avenue 708 South Karlov Avenue Chicago IL 60624 Cook 1 Multifamily Garden 1915 2016 10 Units 100.0% 03/27/17 850,000 02/17/17   491,172  
32.09 SMF VI 14119 South Tracy Avenue 14119 South Tracy Avenue Riverdale IL 60827 Cook 1 Multifamily Garden 1964 2016 12 Units 100.0% 03/27/17 800,000 02/17/17   462,279  
32.10 SMF VI 701 North Lotus Avenue 701 North Lotus Avenue Chicago IL 60644 Cook 1 Multifamily Garden 1925 2016 8 Units 100.0% 03/27/17 800,000 02/17/17   462,279  
32.11 SMF VI 404 South 4th Avenue 404 South 4th Avenue Maywood IL 60153 Cook 1 Multifamily Garden 1929 2016 7 Units 100.0% 03/27/17 725,000 02/17/17   418,941  
32.12 SMF VI 7254 South University Avenue 7254 South University Avenue Chicago IL 60619 Cook 1 Multifamily Garden 1916 2016 10 Units 100.0% 03/27/17 700,000 02/17/17   404,494  
32.13 SMF VI 464 Gordon Avenue 464 Gordon Avenue Calumet City IL 60409 Cook 1 Multifamily Garden 1963 2016 9 Units 100.0% 03/27/17 650,000 02/17/17   375,602  
32.14 SMF VI 470 Gordon Avenue 470 Gordon Avenue Calumet City IL 60409 Cook 1 Multifamily Garden 1963 2016 9 Units 100.0% 03/27/17 650,000 02/17/17   375,602  
32.15 SMF VI 7210 South Yates Boulevard 7210 South Yates Boulevard Chicago IL 60649 Cook 1 Multifamily Garden 1915 2016 6 Units 100.0% 03/27/17 650,000 02/17/17   375,602  
32.16 SMF VI 7236 South Yates Boulevard 7236 South Yates Boulevard Chicago IL 60649 Cook 1 Multifamily Garden 1914 2016 6 Units 83.3% 03/27/17 600,000 02/17/17   346,709  
32.17 SMF VI 7249-7153 South Blackstone Avenue 7249-7153 South Blackstone Avenue Chicago IL 60619 Cook 1 Multifamily Garden 1915 2016 10 Units 90.0% 03/27/17 550,000 02/17/17   317,817  
32.18 SMF VI 14100 South Tracy Avenue 14100 South Tracy Avenue Riverdale IL 60827 Cook 1 Multifamily Garden 1964 2016 6 Units 100.0% 03/27/17 400,000 02/17/17   231,140  
33 SMF VI Village Center Plaza 23930 Westheimer Parkway Katy TX 77494 Fort Bend 1 Retail Shadow Anchored 2005   36,124 Square Feet 100.0% 04/06/17 11,700,000 03/03/17 70.9% 8,300,000 230
34 JPMCB 1201 Oak Lawn 1201 Oak Lawn Avenue Dallas TX 75207 Dallas 1 Industrial Flex 1963 2015 39,650 Square Feet 100.0% 04/03/17 12,450,000 03/14/17 66.3% 8,250,000 208
35 BSP Chancellor Square Orlando 2400 West Sand Lake Road Orlando FL 32809 Orange 1 Industrial Flex 1982 2013 141,778 Square Feet 91.2% 03/07/17 12,100,000 02/24/17 63.0% 7,625,000 54
36 SMF VI Paradise Victoria Village 1145 & 1171 South Victoria Avenue Ventura CA 93003 Ventura 1 Retail Shadow Anchored 2003   18,177 Square Feet 100.0% 03/27/17 11,300,000 01/31/17 56.6% 6,400,000 352
37 BSP Rio Bravo Square 3211-3231 Coors Boulevard Southwest Albuquerque NM 87121 Bernalillo 1 Retail Anchored 1989 1998 92,626 Square Feet 79.0% 04/01/17 10,300,000 01/11/17 60.6% 6,250,000 67
38 SMF VI Green River Promenade 4300 Green River Road Corona CA 92880 Riverside 1 Retail Unanchored 1993   40,756 Square Feet 97.2% 03/21/17 8,900,000 02/26/17 62.8% 5,600,000 137
39 BSP Sleep Inn Charlotte 8525 North Tryon Street Charlotte NC 28262 Mecklenburg 1 Hotel Limited Service 1997   120 Rooms 65.7% 02/28/17 11,000,000 02/10/17 49.8% 5,500,000 45,833
40 BSP NW Florida Apartment Portfolio Various Various FL Various Various 3 Multifamily Garden Various   175 Units 90.3% 04/01/17 9,040,000 10/03/16 59.8% 5,450,000 31,143
40.01 BSP Southern Gardens 500 Kelly Mill Road Valparaiso FL 32580 Okaloosa 1 Multifamily Garden 1987   84 Units 89.3% 04/01/17 4,600,000 10/03/16   2,826,089  
40.02 BSP Southern Breeze 4600 Range Road Niceville FL 32578 Okaloosa 1 Multifamily Garden 1984   36 Units 91.7% 04/01/17 2,260,000 10/03/16   1,388,871  
40.03 BSP Southern Springs 125 North Davis Lane Defuniak Springs FL 32435 Walton 1 Multifamily Garden 1984, 2006   55 Units 90.9% 04/01/17 2,180,000 10/03/16   1,235,040  
41 SMF VI Airport Center Warehouses 3750 Northwest 28th Street Miami FL 33142 Miami-Dade 1 Industrial Flex 1978   50,800 Square Feet 100.0% 03/13/17 6,800,000 02/21/17 68.4% 4,650,000 92
42 SMF VI 9600 Perry Highway 9600 Perry Highway Pittsburgh PA 15237 Allegheny 1 Mixed Use Office/Retail 1972 1998 44,396 Square Feet 95.4% 03/24/17 5,500,000 02/24/17 72.1% 3,975,000 90

 

A-1-1

 

 

ANNEX A-1 

                                                   
        Current           Net           Partial IO Partial IO Loan                
      Current   Balance % of Initial Crossed Related   Interest   Admin. Mortgage   Monthly Debt Annual Debt   First   Last IO First P&I Rem. Rem.     Payment Grace Period Grace Period Maturity
Loan # Seller(1) Property Name Balance ($)(5)(6) per Unit ($) Pool Balance Loan Borrower(7) Rate %(8) Fee %(8) Rate %(8) Accrual Type Service ($)(9)(10) Service ($)(10) Note Date Payment Date  Payment Payment  Term  Amort I/O Period Seasoning Due Date  (Late Payment)  (Default) Date(11)
1 JPMCB 245 Park Avenue 98,000,000 626 12.5% No No 3.66940 0.01315 3.65625 Actual/360 303,829.72 3,645,956.61 05/05/17 07/01/17     120 0 120 0 1 0 0 06/01/27
2 JPMCB 211 Main Street 65,219,000 408 8.3% No No 3.55470 0.01440 3.54030 Actual/360 195,878.25 2,350,538.96 03/28/17 05/06/17     82 0 84 2 6 0 0 04/06/24
3 JPMCB Browning Place 42,749,531 97 5.4% No No 5.34200 0.01880 5.32320 Actual/360 239,011.09 2,868,133.08 03/31/17 05/01/17     58 358 0 2 1 0 0 04/01/22
4 JPMCB 740 Madison 40,000,000 2,713 5.1% No No 4.00000 0.01440 3.98560 Actual/360 135,185.19 1,622,222.22 04/05/17 06/01/17     119 0 120 1 1 0 0 05/01/27
5 JPMCB Diamond Hill Denver 32,000,000 86 4.1% No No 5.14800 0.01880 5.12920 Actual/360 174,688.96 2,096,267.52 03/20/17 05/01/17 04/01/19 05/01/19 58 360 24 2 1 0 0 04/01/22
6 JPMCB Bingham Office Center 31,000,000 59 3.9% No No 4.25387 0.06630 4.18757 Actual/360 152,571.63 1,830,859.56 05/01/17 06/01/17 05/01/18 06/01/18 119 360 12 1 1 0 5 (Once per year) 05/01/27
7 JPMCB 2950 North Hollywood Way 30,842,460 190 3.9% No No 4.73200 0.01880 4.71320 Actual/360 161,374.51 1,936,494.12 01/27/17 03/01/17     116 356 0 4 1 5 5 02/01/27
8 JPMCB Marriott Colorado Springs 25,611,823 82,886 3.3% No No 5.06000 0.03880 5.02120 Actual/360 139,096.27 1,669,155.24 01/31/17 03/01/17     116 356 0 4 1 0 5 (Once per year) 02/01/27
9 JPMCB Pillsbury Portfolio 24,175,000 98,673 3.1% No No 5.23800 0.01880 5.21920 Actual/360 133,315.62 1,599,787.44 05/05/17 07/01/17     84 360 0 0 1 0 0 06/01/24
9.01 JPMCB Allenwood 8,240,000   1.0%                                        
9.02 JPMCB Manor South 5,998,000   0.8%                                        
9.03 JPMCB Homestead 5,514,000   0.7%                                        
9.04 JPMCB Harborview 4,423,000   0.6%                                        
10 BSP Raytheon – 16800 Centretech 23,200,000 107 2.9% No No 5.30000 0.01880 5.28120 Actual/360 103,889.81 1,246,677.72 12/16/16 02/06/17     115 0 120 5 6 0 0 01/06/27
11 JPMCB Humblewood Center 22,150,000 138 2.8% No No 4.57400 0.04880 4.52520 Actual/360 113,206.81 1,358,481.72 04/07/17 06/01/17 05/01/19 06/01/19 59 360 24 1 1 0 0 05/01/22
12 BSP Wellington Marketplace 22,000,000 116 2.8% No No 5.12000 0.01880 5.10120 Actual/360 119,719.46 1,436,633.52 03/30/17 05/06/17 04/06/21 05/06/21 118 360 48 2 6 0 0 04/06/27
13 JPMCB Diamond Hill Apartments 21,600,521 71,763 2.7% No Yes - Group 1 5.09600 0.04880 5.04720 Actual/360 118,038.12 1,416,457.44 11/02/16 01/01/17     54 354 0 6 1 0 0 12/01/21
14 BSP Apex Fort Washington 21,000,000 140 2.7% No No 5.28000 0.01880 5.26120 Actual/360 116,353.29 1,396,239.52 02/17/17 04/06/17 03/06/19 04/06/19 117 360 24 3 6 0 0 03/06/27
15 JPMCB Moffett Gateway 20,000,000 397 2.5% No No 3.31940 0.01440 3.30500 Actual/360 97,202.66 1,166,431.89 09/22/16 11/01/16 10/01/21 11/01/21 118 360 60 8 1 0 0 04/01/27
16 BSP Walgreens / Rite Aid / Eckerd Portfolio 19,976,173 296 2.5% No No 5.15000 0.01880 5.13120 Actual/360 112,521.83 1,350,261.96 04/07/17 06/06/17     119 335 0 1 6 0 0 05/06/27
16.01 BSP Walgreens - Carolina 6,452,481   0.8%                                        
16.02 BSP Walgreens - Catano 6,098,920   0.8%                                        
16.03 BSP Eckerd (La-Z-Boy) 2,722,416   0.3%                                        
16.04 BSP Rite Aid - Shelby 2,563,314   0.3%                                        
16.05 BSP Rite Aid - Coldwater 2,139,041   0.3%                                        
17 SMF VI Fireside Self Storage Portfolio 15,187,500 7,647 1.9% No No 4.88000 0.01880 4.86120 Actual/360 80,419.60 965,035.20 03/29/17 05/06/17 10/06/18 11/06/18 118 360 18 2 6 0 0 04/06/27
17.01 SMF VI Castleton Self Storage 5,925,000   0.8%                                        
17.02 SMF VI Raytown Storage 2,850,000   0.4%                                        
17.03 SMF VI State Street Storage 2,700,000   0.3%                                        
17.04 SMF VI Beachway Self Storage 1,950,000   0.2%                                        
17.05 SMF VI Delaware Storage 1,762,500   0.2%                                        
18 BSP Island View Crossing 14,300,000 79 1.8% No No 5.40000 0.01880 5.38120 Actual/360 80,298.90 963,586.80 02/06/17 03/06/17 02/06/19 03/06/19 116 360 24 4 6 0 0 02/06/27
19 JPMCB Modesto Springhill Suites 14,200,000 127,928 1.8% No Yes - Group 2 5.32000 0.01880 5.30120 Actual/360 79,029.72 948,356.64 12/22/16 02/01/17 01/01/20 02/01/20 115 360 36 5 1 0 0 01/01/27
20 BSP Home Depot - Bridgeport 13,800,000 129 1.8% No No 5.15000 0.01880 5.13120 Actual/360 60,047.57 720,570.84 02/27/17 04/06/17     117 0 120 3 6 0 0 03/06/27
21 BSP Romulus Airport Park 13,300,000 20 1.7% No No 4.16000 0.01880 4.14120 Actual/360 46,747.04 560,964.48 03/22/17 05/06/17     118 0 120 2 6 0 0 04/06/27
22 JPMCB Courtyard Marriott Clemson 12,842,665 116,752 1.6% No No 4.63700 0.01880 4.61820 Actual/360 66,622.62 799,471.44 11/29/16 01/01/17     114 354 0 6 1 0 0 12/01/26
23 SMF VI Knights Road Shopping Center 12,500,000 166 1.6% No No 4.96200 0.01880 4.94320 Actual/360 66,812.70 801,752.40 04/06/17 05/06/17 04/06/19 05/06/19 118 360 24 2 6 0 0 04/06/27
24 SMF VI Monroe Park Tower 12,318,265 110 1.6% No No 4.95100 0.01880 4.93220 Actual/360 65,981.51 791,778.12 02/28/17 04/06/17     117 357 0 3 6 0 0 03/06/27
25 JPMCB Elk Grove Hampton Inn 10,500,000 95,455 1.3% No Yes - Group 2 5.20600 0.01880 5.18720 Actual/360 57,695.57 692,346.84 12/28/16 02/01/17 01/01/20 02/01/20 115 360 36 5 1 0 0 01/01/27
26 SMF VI Atrium Office 10,390,000 136 1.3% No No 5.11600 0.01880 5.09720 Actual/360 56,514.67 678,176.04 12/15/16 02/06/17 01/06/20 02/06/20 115 360 36 5 6 0 0 01/06/27
27 JPMCB Quail Creek 9,739,799 50,728 1.2% No Yes - Group 1 5.06600 0.05880 5.00720 Actual/360 52,734.09 632,809.08 04/07/17 06/01/17     59 359 0 1 1 0 0 05/01/22
28 SMF VI Holiday Inn Express - Augusta 9,389,964 80,256 1.2% No No 4.98000 0.01880 4.96120 Actual/360 50,346.40 604,156.80 04/10/17 06/06/17     119 359 0 1 6 0 0 05/06/27
29 SMF VI Romeo Commons 9,345,453 122 1.2% No No 5.26700 0.06630 5.20070 Actual/360 51,867.85 622,414.20 03/03/17 04/06/17     117 357 0 3 6 0 0 03/06/27
30 SMF VI 106th South Office Building 9,200,000 136 1.2% No No 5.00500 0.01880 4.98620 Actual/360 49,415.71 592,988.52 03/31/17 05/06/17 04/06/21 05/06/21 118 360 48 2 6 0 0 04/06/27
31 SMF VI Barrington Town Center 9,170,000 81 1.2% No No 4.91000 0.05880 4.85120 Actual/360 48,723.39 584,680.68 03/28/17 05/06/17 04/06/19 05/06/19 118 360 24 2 6 0 0 04/06/27
32 SMF VI Pangea 16 9,000,000 42,453 1.1% No No 4.71500 0.01880 4.69620 Actual/360 35,853.65 430,243.75 03/30/17 05/06/17     118 0 120 2 6 0 0 04/06/27
32.01 SMF VI 7752 South Cornell Avenue 837,881   0.1%                                        
32.02 SMF VI 7120-7132 South Wabash Avenue 722,311   0.1%                                        
32.03 SMF VI 6832 South Crandon Avenue 664,526   0.1%                                        
32.04 SMF VI 14015 South Tracy Avenue 664,526   0.1%                                        
32.05 SMF VI 14021 South Tracy Avenue 664,526   0.1%                                        
32.06 SMF VI 3560 West Cermak Road 635,634   0.1%                                        
32.07 SMF VI 7654 South Marshfield Avenue 548,957   0.1%                                        
32.08 SMF VI 708 South Karlov Avenue 491,172   0.1%                                        
32.09 SMF VI 14119 South Tracy Avenue 462,279   0.1%                                        
32.10 SMF VI 701 North Lotus Avenue 462,279   0.1%                                        
32.11 SMF VI 404 South 4th Avenue 418,941   0.1%                                        
32.12 SMF VI 7254 South University Avenue 404,494   0.1%                                        
32.13 SMF VI 464 Gordon Avenue 375,602   0.0%                                        
32.14 SMF VI 470 Gordon Avenue 375,602   0.0%                                        
32.15 SMF VI 7210 South Yates Boulevard 375,602   0.0%                                        
32.16 SMF VI 7236 South Yates Boulevard 346,709   0.0%                                        
32.17 SMF VI 7249-7153 South Blackstone Avenue 317,817   0.0%                                        
32.18 SMF VI 14100 South Tracy Avenue 231,140   0.0%                                        
33 SMF VI Village Center Plaza 8,300,000 230 1.1% No No 5.02000 0.01880 5.00120 Actual/360 44,657.70 535,892.40 03/31/17 05/06/17 04/06/19 05/06/19 118 360 24 2 6 0 0 04/06/27
34 JPMCB 1201 Oak Lawn 8,250,000 208 1.0% No No 4.75000 0.01880 4.73120 Actual/360 43,035.91 516,430.92 04/07/17 06/01/17 05/01/20 06/01/20 119 360 36 1 1 0 0 05/01/27
35 BSP Chancellor Square Orlando 7,625,000 54 1.0% No No 4.81000 0.01880 4.79120 Actual/360 40,051.84 480,622.08 03/17/17 05/06/17 04/06/22 05/06/22 118 360 60 2 6 0 0 04/06/27
36 SMF VI Paradise Victoria Village 6,400,000 352 0.8% No No 4.81300 0.01880 4.79420 Actual/360 26,025.85 312,310.22 03/29/17 05/06/17     118 0 120 2 6 0 0 04/06/27
37 BSP Rio Bravo Square 6,243,606 67 0.8% No No 5.16000 0.01880 5.14120 Actual/360 34,165.16 409,981.92 04/25/17 06/06/17     119 359 0 1 6 0 0 05/06/27
38 SMF VI Green River Promenade 5,587,020 137 0.7% No No 4.89800 0.01880 4.87920 Actual/360 29,713.89 356,566.68 03/23/17 05/06/17     118 358 0 2 6 0 0 04/06/27
39 BSP Sleep Inn Charlotte 5,483,026 45,692 0.7% No No 5.27000 0.01880 5.25120 Actual/360 33,023.55 396,282.60 03/31/17 05/06/17     118 298 0 2 6 0 0 04/06/27
40 BSP NW Florida Apartment Portfolio 5,408,983 30,908 0.7% No No 5.53300 0.01880 5.51420 Actual/360 32,590.63 391,087.60 12/22/16 02/06/17     115 295 0 5 6 0 0 01/06/27
40.01 BSP Southern Gardens 2,804,819   0.4%                                        
40.02 BSP Southern Breeze 1,378,418   0.2%                                        
40.03 BSP Southern Springs 1,225,745   0.2%                                        
41 SMF VI Airport Center Warehouses 4,650,000 92 0.6% No No 5.11300 0.01880 5.09420 Actual/360 25,284.32 303,411.84 03/14/17 05/06/17 04/06/20 05/06/20 118 360 36 2 6 0 0 04/06/27
42 SMF VI 9600 Perry Highway 3,966,378 89 0.5% No No 5.21600 0.05880 5.15720 Actual/360 21,866.46 262,397.52 03/23/17 05/06/17     118 358 0 2 6 0 0 04/06/27

 

A-1-2

 

 

ANNEX A-1 

 

                  HISTORICAL FINANCIALS(13)
                                           
        Final   Maturity/ARD   Maturity Prepayment 2014 2014 2014 2015 2015 2015 2016 2016 2016 Most Recent Most Recent Most Recent  
Loan # Seller(1) Property Name ARD Loan(11) Mat Date(11) Balance ($)(5)   LTV %(4) Provision (Payments)(12) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($)  Revenues ($)  Total Expenses ($)  NOI ($) As of
1 JPMCB 245 Park Avenue No   98,000,000   48.9% L(24),Def(92),O(4) 150,892,259 52,333,954 98,558,305 160,661,057 57,993,351 102,667,706 167,638,950 60,922,988 106,715,962 168,887,445 61,210,770 107,676,675 03/31/17
2 JPMCB 211 Main Street No   65,219,000   57.9% Grtr1%orYM(26),DeforGrtr1%orYM(51),O(7) 11,835,263 2,081,659 9,753,604 11,986,057 2,163,738 9,822,319 12,007,034 2,236,172 9,770,862        
3 JPMCB Browning Place No   39,710,047   64.3% L(25),Grtr1%orYM(11),O(24) 6,144,019 3,194,602 2,949,417 7,435,852 3,261,721 4,174,131 8,300,907 3,417,243 4,883,664 8,406,717 3,212,096 5,194,621 03/31/17
4 JPMCB 740 Madison Yes 05/01/29 40,000,000   60.0% L(25),Grtr1%orYM(92),O(3)                          
5 JPMCB Diamond Hill Denver No   30,625,136   59.1% L(24),Grtr1%orYM(11),O(25) 5,854,668 2,937,952 2,916,716 5,790,661 2,995,682 2,794,979 6,304,497 3,025,349 3,279,149 6,391,274 3,071,486 3,319,789 02/28/17
6 JPMCB Bingham Office Center No   25,591,842   49.2% L(25),Grtr1%orYM(91),O(4) 6,722,025 3,177,278 3,544,747 6,576,486 2,943,902 3,632,584 6,734,658 2,982,522 3,752,136 6,895,740 3,016,212 3,879,529 03/31/17
7 JPMCB 2950 North Hollywood Way No   25,254,754   39.5% L(28),Def(88),O(4) 5,105,150 1,700,492 3,404,658 5,029,262 1,780,780 3,248,482 4,017,945 1,620,021 2,397,924        
8 JPMCB Marriott Colorado Springs No   21,193,253   51.9% L(25),Grtr1%orYM(93),O(2) 10,369,468 8,398,943 1,970,525 11,971,052 8,933,127 3,037,925 13,297,687 9,761,080 3,536,607        
9 JPMCB Pillsbury Portfolio No   21,511,582   53.9% L(24),Grtr1%orYM(57),O(3) 10,393,960 7,933,460 2,460,500 10,574,861 8,061,459 2,513,402 10,862,145 7,744,898 3,117,248 10,971,262 7,798,216 3,173,046 03/31/17
9.01 JPMCB Allenwood     7,332,179       3,494,785 2,443,772 1,051,013 3,563,341 2,660,684 902,657 3,685,333 2,524,650 1,160,683 3,698,163 2,519,596 1,178,566 03/31/17
9.02 JPMCB Manor South     5,337,186       3,269,247 2,894,629 374,618 3,227,028 2,671,221 555,808 3,377,593 2,563,128 814,465 3,460,224 2,639,418 820,807 03/31/17
9.03 JPMCB Homestead     4,906,509       2,489,705 1,959,318 530,387 2,693,039 2,026,090 666,949 2,632,022 1,978,345 653,677 2,668,438 1,973,089 695,350 03/31/17
9.04 JPMCB Harborview     3,935,707       1,140,223 635,741 504,482 1,091,454 703,465 387,989 1,167,198 678,774 488,423 1,144,436 666,113 478,323 03/31/17
10 BSP Raytheon – 16800 Centretech No   23,200,000   56.6% L(29),Def(87),O(4)       3,523,078 0 3,523,078 2,745,860 0 2,745,860 2,669,002 0 2,669,002 02/28/17
11 JPMCB Humblewood Center No   21,089,495   65.6% L(25),Def(32),O(3) 3,716,067 966,919 2,749,148 3,398,817 1,048,936 2,349,881 3,826,363 1,146,252 2,680,111        
12 BSP Wellington Marketplace No   19,935,614   58.7% L(26),Def(90),O(4) 2,722,227 992,122 1,730,105 2,824,577 992,742 1,831,835 2,966,717 1,055,813 1,910,904 3,028,863 1,063,730 1,965,133 02/28/17
13 JPMCB Diamond Hill Apartments No   20,087,203   69.3% L(25),Grtr1%orYM(32),O(3) 2,757,589 1,421,015 1,336,574 2,943,177 1,507,361 1,435,816 3,256,468 1,692,018 1,564,450 3,282,796 1,705,508 1,577,288 01/31/17
14 BSP Apex Fort Washington No   18,300,643   56.1% L(27),Def(89),O(4)       6,620,651 3,686,902 2,933,749 5,049,485 3,355,461 1,694,024 5,108,224 3,202,404 1,905,820 02/28/17
15 JPMCB Moffett Gateway No   16,990,665   39.3% L(32),Def(87),O(7)                          
16 BSP Walgreens / Rite Aid / Eckerd Portfolio No   16,002,700   56.6% L(25),Def(91),O(4) 2,030,539 0 2,030,539 2,030,539 0 2,030,539 2,030,539 0 2,030,539        
16.01 BSP Walgreens - Carolina     5,169,014                                
16.02 BSP Walgreens - Catano     4,885,780                                
16.03 BSP Eckerd (La-Z-Boy)     2,180,899                                
16.04 BSP Rite Aid - Shelby     2,053,444                                
16.05 BSP Rite Aid - Coldwater     1,713,563                                
17 SMF VI Fireside Self Storage Portfolio No   12,940,365   58.3% L(26),DeforGrtr1%orYM(89),O(5) 2,249,788 1,003,890 1,245,898 2,378,039 972,246 1,405,793 2,455,820 1,030,602 1,425,218 2,469,220 1,052,335 1,416,885 01/31/17
17.01 SMF VI Castleton Self Storage     5,048,340       723,707 281,181 442,526 728,101 272,682 455,419 741,157 293,850 447,307 748,288 296,436 451,852 01/31/17
17.02 SMF VI Raytown Storage     2,428,315       421,636 170,489 251,147 421,126 162,213 258,913 448,434 171,147 277,287 452,880 179,844 273,036 01/31/17
17.03 SMF VI State Street Storage     2,300,509       457,739 223,294 234,445 523,410 218,662 304,748 524,172 238,765 285,407 523,873 242,756 281,117 01/31/17
17.04 SMF VI Beachway Self Storage     1,661,479       345,650 158,162 187,488 363,236 155,123 208,114 381,900 165,346 216,554 382,821 168,128 214,693 01/31/17
17.05 SMF VI Delaware Storage     1,501,722       301,057 170,765 130,292 342,165 163,567 178,599 360,157 161,495 198,662 361,357 165,171 196,187 01/31/17
18 BSP Island View Crossing No   12,494,943   62.5% L(28),Def(88),O(4) 1,786,583 931,921 854,662 2,673,250 1,275,719 1,397,531 2,733,785 1,456,919 1,276,866 2,795,622 1,507,966 1,287,656 01/31/17
19 JPMCB Modesto Springhill Suites No   12,657,070   57.5% L(25),Grtr1%orYM(88),O(7) 3,695,589 2,344,967 1,350,622 3,870,915 2,473,499 1,397,416 4,498,013 2,723,747 1,774,266 4,537,027 2,746,636 1,790,391 01/31/17
20 BSP Home Depot - Bridgeport Yes 03/06/37 13,800,000   66.5% L(27),Def(89),O(4)                          
21 BSP Romulus Airport Park No   13,300,000   53.0% L(26),Def(90),O(4)       2,885,618 1,210,984 1,674,634 3,304,299 1,122,398 2,181,901 3,294,785 1,179,748 2,115,037 01/31/17
22 JPMCB Courtyard Marriott Clemson No   10,509,659   54.2% L(25),Grtr1%orYM(92),O(3) 3,537,865 2,156,679 1,381,186 3,846,602 2,296,895 1,549,707 4,161,037 2,480,556 1,680,481 4,105,462 2,446,769 1,658,693 03/31/17
23 SMF VI Knights Road Shopping Center No   10,806,241   57.2% L(26),Def(88),O(6) 1,591,676 468,339 1,123,337 1,664,898 403,325 1,261,573 1,957,104 475,259 1,481,845        
24 SMF VI Monroe Park Tower No   10,146,047   56.4% L(27),Def(89),O(4) 1,833,622 1,037,601 796,021 2,393,776 1,079,589 1,314,188 2,409,964 968,478 1,441,486        
25 JPMCB Elk Grove Hampton Inn No   9,336,537   56.6% L(25),Grtr1%orYM(88),O(7) 2,833,594 2,040,940 792,654 3,546,351 2,337,904 1,208,447 3,887,731 2,526,114 1,361,617 3,898,322 2,523,980 1,374,342 01/31/17
26 SMF VI Atrium Office No   9,220,928   58.7% L(29),Def(87),O(4) 1,281,508 527,128 754,381 1,344,299 499,002 845,297 1,531,542 502,152 1,029,390        
27 JPMCB Quail Creek No   9,001,155   65.7% L(25),Grtr1%orYM(32),O(3)       1,346,973 788,466 558,507 1,595,011 794,099 800,912 1,613,635 804,659 808,976 01/31/17
28 SMF VI Holiday Inn Express - Augusta No   7,723,458   47.7% L(25),Def(91),O(4)       2,265,427 1,565,397 700,030 3,330,348 1,997,836 1,332,512 3,421,554 2,017,678 1,403,876 01/31/17
29 SMF VI Romeo Commons No   7,774,773   54.4% L(27),Def(89),O(4) 1,479,332 535,982 943,350 1,407,676 550,858 856,818 1,465,092 497,532 967,560        
30 SMF VI 106th South Office Building No   8,319,201   65.5% L(26),Def(90),O(4) 1,574,524 484,374 1,090,150 1,391,319 461,789 929,530 1,270,241 395,115 875,126        
31 SMF VI Barrington Town Center No   7,916,938   58.4% L(26),Def(90),O(4) 1,611,985 598,907 1,013,078 1,618,162 597,045 1,021,116 1,653,289 543,190 1,110,099        
32 SMF VI Pangea 16 No   9,000,000   57.8% L(26),Def(88),O(6)                   1,234,001 837,615 396,386 01/31/17
32.01 SMF VI 7752 South Cornell Avenue     837,881                                
32.02 SMF VI 7120-7132 South Wabash Avenue     722,311                                
32.03 SMF VI 6832 South Crandon Avenue     664,526                                
32.04 SMF VI 14015 South Tracy Avenue     664,526                                
32.05 SMF VI 14021 South Tracy Avenue     664,526                                
32.06 SMF VI 3560 West Cermak Road     635,634                                
32.07 SMF VI 7654 South Marshfield Avenue     548,957                                
32.08 SMF VI 708 South Karlov Avenue     491,172                                
32.09 SMF VI 14119 South Tracy Avenue     462,279                                
32.10 SMF VI 701 North Lotus Avenue     462,279                                
32.11 SMF VI 404 South 4th Avenue     418,941                                
32.12 SMF VI 7254 South University Avenue     404,494                                
32.13 SMF VI 464 Gordon Avenue     375,602                                
32.14 SMF VI 470 Gordon Avenue     375,602                                
32.15 SMF VI 7210 South Yates Boulevard     375,602                                
32.16 SMF VI 7236 South Yates Boulevard     346,709                                
32.17 SMF VI 7249-7153 South Blackstone Avenue     317,817                                
32.18 SMF VI 14100 South Tracy Avenue     231,140                                
33 SMF VI Village Center Plaza No   7,185,915   61.4% L(26),Def(90),O(4) 1,151,319 338,422 812,898 1,120,402 365,169 755,233 1,173,786 378,211 795,574        
34 JPMCB 1201 Oak Lawn No   7,262,463   58.3% L(25),Grtr1%orYM(88),O(7)                          
35 BSP Chancellor Square Orlando No   7,011,853   57.9% L(26),Def(90),O(4) 941,209 293,338 647,870 701,732 299,948 401,784 1,074,338 307,211 767,128        
36 SMF VI Paradise Victoria Village No   6,400,000   56.6% L(26),Grtr1%orYM(90),O(4) 755,546 223,759 531,787 801,120 205,396 595,724 831,782 196,840 634,942        
37 BSP Rio Bravo Square No   5,165,372   50.1% L(25),Def(91),O(4) 900,355 299,995 600,360 947,630 293,879 653,751 965,762 295,113 670,649 979,524 290,165 689,359 03/31/17
38 SMF VI Green River Promenade No   4,588,541   51.6% L(26),Def(89),O(5) 360,413 213,865 146,548 512,634 220,805 291,829 720,275 234,503 485,772        
39 BSP Sleep Inn Charlotte No   4,152,470   37.7% L(26),Def(90),O(4) 2,128,297 1,359,831 768,466 2,244,234 1,239,041 1,005,193 2,512,526 1,353,912 1,158,614 2,437,252 1,372,124 1,065,128 02/28/17
40 BSP NW Florida Apartment Portfolio No   4,260,932   47.1% L(29),Def(87),O(4) 1,130,012 389,082 740,930 1,157,198 346,452 810,746 1,207,127 382,643 824,484 1,216,201 381,352 834,849 03/31/17
40.01 BSP Southern Gardens     2,209,499       560,712 191,541 369,171 547,907 161,334 386,572 588,513 181,464 407,050 599,643 177,720 421,923 03/31/17
40.02 BSP Southern Breeze     1,085,850       287,980 105,568 182,413 308,708 91,495 217,213 331,263 101,149 230,114 327,590 99,985 227,605 03/31/17
40.03 BSP Southern Springs     965,582       281,320 91,974 189,346 300,584 93,623 206,961 287,351 100,031 187,321 288,968 103,647 185,320 03/31/17
41 SMF VI Airport Center Warehouses No   4,126,044   60.7% L(26),Def(90),O(4) 508,996 102,464 406,532 538,670 96,941 441,729 610,358 107,078 503,280 593,796 103,264 490,532 01/31/17
42 SMF VI 9600 Perry Highway No   3,290,864   59.8% L(26),Def(90),O(4) 772,636 336,233 436,403 771,009 341,498 429,511 796,387 338,323 458,064 793,951 343,759 450,192 02/28/17

 

A-1-3

 

 

ANNEX A-1 

                                 
      UW                          
      Economic UW UW Total UW UW Capital UW UW UW NCF UW NOI UW NCF Title Ground Lease Ground Lease  
Loan # Seller(1) Property Name Occupancy % Revenues ($)(3) Expenses ($) NOI ($)(3)(14)  Items ($) NCF ($)(3)(14)  NOI DSCR(15) DSCR(15) Debt Yield %  Debt Yield % Type(18)  Expiration  Extension Terms PML %
1 JPMCB 245 Park Avenue 91.5% 177,756,680 62,448,738 115,307,942 5,743,040 109,564,903 2.87 2.73 10.7% 10.1% Fee      
2 JPMCB 211 Main Street 98.0% 19,906,520 4,533,300 15,373,221 83,453 15,289,768 2.51 2.49 9.0% 9.0% Fee     18%
3 JPMCB Browning Place 85.0% 8,090,202 3,443,212 4,646,990 789,530 3,857,461 1.62 1.34 10.9% 9.0% Fee      
4 JPMCB 740 Madison 96.5% 8,850,115 1,681,076 7,169,038 4,976 7,164,062 1.96 1.96 8.0% 8.0% Fee      
5 JPMCB Diamond Hill Denver 74.2% 6,444,581 3,056,508 3,388,073 511,930 2,876,143 1.62 1.37 10.6% 9.0% Fee      
6 JPMCB Bingham Office Center 83.6% 7,251,878 3,017,488 4,234,390 589,209 3,645,181 2.31 1.99 13.7% 11.8% Fee      
7 JPMCB 2950 North Hollywood Way 95.0% 5,627,133 1,839,907 3,787,226 377,434 3,409,792 1.96 1.76 12.3% 11.1% Fee     15%
8 JPMCB Marriott Colorado Springs 68.9% 13,298,302 9,835,601 3,462,701 0 3,462,701 2.07 2.07 13.5% 13.5% Fee      
9 JPMCB Pillsbury Portfolio 88.1% 10,816,423 8,252,740 2,563,683 85,750 2,477,933 1.60 1.55 10.6% 10.2% Fee      
9.01 JPMCB Allenwood 88.0% 3,660,416 2,668,654 991,762 29,050 962,712         Fee      
9.02 JPMCB Manor South 93.0% 3,497,260 2,786,643 710,617 21,700 688,917         Fee      
9.03 JPMCB Homestead 93.0% 2,550,658 2,109,434 441,224 19,600 421,624         Fee      
9.04 JPMCB Harborview 75.0% 1,108,089 688,009 420,080 15,400 404,680         Fee      
10 BSP Raytheon – 16800 Centretech 95.0% 2,462,368 50,000 2,412,368 151,750 2,260,618 1.94 1.81 10.4% 9.7% Fee      
11 JPMCB Humblewood Center 88.8% 3,719,654 1,041,724 2,677,930 211,299 2,466,630 1.97 1.82 12.1% 11.1% Fee      
12 BSP Wellington Marketplace 92.9% 3,212,027 1,078,158 2,133,868 126,909 2,006,959 1.49 1.40 9.7% 9.1% Fee      
13 JPMCB Diamond Hill Apartments 91.8% 3,493,364 1,569,455 1,923,909 75,250 1,848,659 1.36 1.31 8.9% 8.6% Fee      
14 BSP Apex Fort Washington 89.1% 9,066,246 3,535,452 5,530,794 464,463 5,066,331 1.53 1.40 10.1% 9.3% Fee      
15 JPMCB Moffett Gateway 95.0% 35,097,235 6,170,971 28,926,265 1,294,985 27,631,280 2.04 1.95 11.9% 11.4% Fee     15%
16 BSP Walgreens / Rite Aid / Eckerd Portfolio 95.8% 1,832,785 61,607 1,771,178 37,169 1,734,009 1.31 1.28 8.9% 8.7% Fee     Various
16.01 BSP Walgreens - Carolina                     Fee     10%
16.02 BSP Walgreens - Catano                     Fee     10%
16.03 BSP Eckerd (La-Z-Boy)                     Fee      
16.04 BSP Rite Aid - Shelby                     Fee      
16.05 BSP Rite Aid - Coldwater                     Fee      
17 SMF VI Fireside Self Storage Portfolio 83.2% 2,469,220 1,045,785 1,423,435 26,695 1,396,740 1.48 1.45 9.4% 9.2% Fee      
17.01 SMF VI Castleton Self Storage 86.1% 748,288 294,643 453,645 8,361 445,284         Fee      
17.02 SMF VI Raytown Storage 78.5% 452,880 178,353 274,527 6,126 268,401         Fee      
17.03 SMF VI State Street Storage 79.9% 523,873 241,374 282,499 6,012 276,487         Fee      
17.04 SMF VI Beachway Self Storage 83.2% 382,821 167,350 215,471 3,938 211,533         Fee      
17.05 SMF VI Delaware Storage 88.2% 361,357 164,065 197,292 2,258 195,034         Fee      
18 BSP Island View Crossing 89.0% 3,171,290 1,566,040 1,605,250 132,979 1,472,271 1.67 1.53 11.2% 10.3% Fee      
19 JPMCB Modesto Springhill Suites 84.2% 4,524,936 2,750,147 1,774,790 0 1,774,790 1.87 1.87 12.5% 12.5% Fee     11%
20 BSP Home Depot - Bridgeport 97.5% 1,173,725 54,647 1,119,077 16,050 1,103,027 1.55 1.53 8.1% 8.0% Fee      
21 BSP Romulus Airport Park 86.2% 3,313,693 1,254,428 2,059,265 206,071 1,853,194 3.67 3.30 15.5% 13.9% Fee      
22 JPMCB Courtyard Marriott Clemson 70.7% 4,105,462 2,417,006 1,688,456 0 1,688,456 2.11 2.11 13.1% 13.1% Fee      
23 SMF VI Knights Road Shopping Center 92.7% 1,839,042 444,564 1,394,477 79,930 1,314,548 1.74 1.64 11.2% 10.5% Fee      
24 SMF VI Monroe Park Tower 89.1% 2,843,070 969,481 1,873,589 151,204 1,722,385 2.37 2.18 15.2% 14.0% Fee      
25 JPMCB Elk Grove Hampton Inn 76.7% 3,657,121 2,424,227 1,232,894 0 1,232,894 1.78 1.78 11.7% 11.7% Fee     10%
26 SMF VI Atrium Office 84.0% 1,484,137 501,362 982,775 99,547 883,228 1.45 1.30 9.5% 8.5% Fee     8%
27 JPMCB Quail Creek 91.4% 1,713,610 750,529 963,081 48,000 915,081 1.52 1.45 9.9% 9.4% Fee      
28 SMF VI Holiday Inn Express - Augusta 66.4% 3,412,426 2,050,072 1,362,354 0 1,362,354 2.25 2.25 14.5% 14.5% Fee      
29 SMF VI Romeo Commons 95.0% 1,476,618 486,121 990,496 85,438 905,058 1.59 1.45 10.6% 9.7% Fee      
30 SMF VI 106th South Office Building 95.0% 1,403,877 424,958 978,918 41,290 937,628 1.65 1.58 10.6% 10.2% Fee     8%
31 SMF VI Barrington Town Center 93.3% 1,589,123 518,244 1,070,879 95,354 975,525 1.83 1.67 11.7% 10.6% Fee      
32 SMF VI Pangea 16 90.1% 1,991,263 836,164 1,155,099 53,000 1,102,099 2.68 2.56 12.8% 12.2% Fee      
32.01 SMF VI 7752 South Cornell Avenue                     Fee      
32.02 SMF VI 7120-7132 South Wabash Avenue                     Fee      
32.03 SMF VI 6832 South Crandon Avenue                     Fee      
32.04 SMF VI 14015 South Tracy Avenue                     Fee      
32.05 SMF VI 14021 South Tracy Avenue                     Fee      
32.06 SMF VI 3560 West Cermak Road                     Fee      
32.07 SMF VI 7654 South Marshfield Avenue                     Fee      
32.08 SMF VI 708 South Karlov Avenue                     Fee      
32.09 SMF VI 14119 South Tracy Avenue                     Fee      
32.10 SMF VI 701 North Lotus Avenue                     Fee      
32.11 SMF VI 404 South 4th Avenue                     Fee      
32.12 SMF VI 7254 South University Avenue                     Fee      
32.13 SMF VI 464 Gordon Avenue                     Fee      
32.14 SMF VI 470 Gordon Avenue                     Fee      
32.15 SMF VI 7210 South Yates Boulevard                     Fee      
32.16 SMF VI 7236 South Yates Boulevard                     Fee      
32.17 SMF VI 7249-7153 South Blackstone Avenue                     Fee      
32.18 SMF VI 14100 South Tracy Avenue                     Fee      
33 SMF VI Village Center Plaza 94.2% 1,160,903 389,300 771,603 55,975 715,627 1.44 1.34 9.3% 8.6% Fee      
34 JPMCB 1201 Oak Lawn 95.0% 909,470 182,662 726,808 57,157 669,650 1.41 1.30 8.8% 8.1% Fee      
35 BSP Chancellor Square Orlando 90.0% 1,489,544 385,913 1,103,632 127,601 976,031 2.30 2.03 14.5% 12.8% Fee      
36 SMF VI Paradise Victoria Village 95.0% 859,721 217,325 642,396 32,407 609,989 2.06 1.95 10.0% 9.5% Fee     11%
37 BSP Rio Bravo Square 74.6% 948,368 269,942 678,425 50,207 628,218 1.65 1.53 10.9% 10.1% Fee      
38 SMF VI Green River Promenade 92.6% 818,293 251,530 566,763 42,695 524,067 1.59 1.47 10.1% 9.4% Fee     12%
39 BSP Sleep Inn Charlotte 65.7% 2,437,252 1,374,125 1,063,127 0 1,063,127 2.68 2.68 19.4% 19.4% Fee      
40 BSP NW Florida Apartment Portfolio 90.3% 1,259,691 490,954 768,736 57,750 710,986 1.97 1.82 14.2% 13.1% Fee      
40.01 BSP Southern Gardens 89.0% 607,887 223,202 384,685 27,720 356,965         Fee      
40.02 BSP Southern Breeze 92.1% 315,795 128,691 187,104 11,880 175,224         Fee      
40.03 BSP Southern Springs 91.1% 336,009 139,061 196,947 18,150 178,797         Fee      
41 SMF VI Airport Center Warehouses 95.0% 587,661 118,823 468,839 22,860 445,979 1.55 1.47 10.1% 9.6% Fee      
42 SMF VI 9600 Perry Highway 93.1% 769,500 339,329 430,171 45,388 384,783 1.64 1.47 10.8% 9.7% Fee      

 

A-1-4

 

 

ANNEX A-1 

 

        UPFRONT ESCROW(16)
                         
        Upfront Capex Upfront Engin. Upfront Envir. Upfront TI/LC Upfront RE Tax Upfront Ins. Upfront Debt Service Upfront Other Other Upfront
Loan # Seller(1) Property Name   Reserve ($) Reserve ($)  Reserve ($) Reserve ($)(18) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)(21)
1 JPMCB 245 Park Avenue   47,738 0 0 0 0 227,000 0 11,431,608 Outstanding Rollover/Free Rent Reserve
2 JPMCB 211 Main Street   0 0 0 0 0 0 0 0  
3 JPMCB Browning Place   14,017 0 0 3,000,000 408,036 0 0 82,765 Outstanding TI/LC Reserve
4 JPMCB 740 Madison   0 0 0 0 2,595,218 0 5,190,000 2,000,000 Rent Credit Reserve
5 JPMCB Diamond Hill Denver   6,236 376,875 0 546,767 0 0 0 238,645 Outstanding TI/LC Reserve: 188,558; Free Rent Reserve: 50,087
6 JPMCB Bingham Office Center   200,000 0 0 800,000 469,845 0 0 305,292 Outstanding TI/LC Reserve: 176,839; Free Rent Reserve: 128,453
7 JPMCB 2950 North Hollywood Way   0 0 0 0 227,454 0 0 12,569,711 Outstanding TI/LC Reserve: 9,314,933; Free Rent Reserve: 3,254,778
8 JPMCB Marriott Colorado Springs   32,612 0 0 0 0 0 0 8,023,640 PIP Reserve
9 JPMCB Pillsbury Portfolio   7,146 0 0 0 83,197 0 0 0  
9.01 JPMCB Allenwood                    
9.02 JPMCB Manor South                    
9.03 JPMCB Homestead                    
9.04 JPMCB Harborview                    
10 BSP Raytheon – 16800 Centretech   0 0 0 0 0 0 0 0  
11 JPMCB Humblewood Center   5,527 145,976 0 12,500 247,149 0 0 458,874 Roof Reserve: 275,124.35; Outstanding TI/LC Reserve: 183,750
12 BSP Wellington Marketplace   0 11,838 0 0 252,213 128,781 0 524,193 Rocky’s Ace Hardware Reserve: 500,000; Once Upon a Child Reserve: 24,193
13 JPMCB Diamond Hill Apartments   500,000 0 0 0 330,620 0 0 0  
14 BSP Apex Fort Washington   0 125,581 0 704,651 349,538 14,782 0 6,693,098 Concessions Reserve: 2,736,408.23; Outstanding TI/LC Reserve: 2,206,689.39; AstraZeneca TI/LC Reserve: 1,750,000
15 JPMCB Moffett Gateway   0 0 0 0 180,864 0 0 86,961,915 Outstanding TI/LC Reserve: 49,386,882; Free Rent Reserve: 37,575,033
16 BSP Walgreens / Rite Aid / Eckerd Portfolio   0 0 0 0 0 5,519 0 0  
16.01 BSP Walgreens - Carolina                    
16.02 BSP Walgreens - Catano                    
16.03 BSP Eckerd (La-Z-Boy)                    
16.04 BSP Rite Aid - Shelby                    
16.05 BSP Rite Aid - Coldwater                    
17 SMF VI Fireside Self Storage Portfolio   0 0 0 0 80,564 4,975 0 0  
17.01 SMF VI Castleton Self Storage                    
17.02 SMF VI Raytown Storage                    
17.03 SMF VI State Street Storage                    
17.04 SMF VI Beachway Self Storage                    
17.05 SMF VI Delaware Storage                    
18 BSP Island View Crossing   0 0 0 400,000 282,191 20,567 0 0  
19 JPMCB Modesto Springhill Suites   20,226 0 0 0 48,848 0 0 0  
20 BSP Home Depot - Bridgeport   0 0 0 0 0 18,184 0 0  
21 BSP Romulus Airport Park   0 169,750 0 250,000 0 0 0 0  
22 JPMCB Courtyard Marriott Clemson   13,825 0 0 0 10,165 1,000 0 1,024,686 PIP Reserve
23 SMF VI Knights Road Shopping Center   0 38,250 0 50,000 38,334 5,176 0 0  
24 SMF VI Monroe Park Tower   0 0 0 200,000 89,738 39,140 0 229,100 Elevator Renovation Reserve
25 JPMCB Elk Grove Hampton Inn   16,039 0 0 0 37,787 0 0 0  
26 SMF VI Atrium Office   0 25,200 0 240,000 48,117 17,846 0 0  
27 JPMCB Quail Creek   4,000 18,000 0 0 56,667 0 0 0  
28 SMF VI Holiday Inn Express - Augusta   250,000 0 0 0 43,194 16,323 50,346 0  
29 SMF VI Romeo Commons   0 78,108 0 100,000 84,432 8,673 0 370,447 Major Tenant TI/LC Reserve: 303,327.53; Free Rent Reserve: 67,119.06
30 SMF VI 106th South Office Building   0 0 0 365,000 71,989 4,561 0 31,682 Outstanding TI/LC Reserve
31 SMF VI Barrington Town Center   0 24,375 0 500,000 76,649 5,341 0 75,244 Cinemark Reserve
32 SMF VI Pangea 16   0 0 0 0 48,433 46,094 0 0  
32.01 SMF VI 7752 South Cornell Avenue                    
32.02 SMF VI 7120-7132 South Wabash Avenue                    
32.03 SMF VI 6832 South Crandon Avenue                    
32.04 SMF VI 14015 South Tracy Avenue                    
32.05 SMF VI 14021 South Tracy Avenue                    
32.06 SMF VI 3560 West Cermak Road                    
32.07 SMF VI 7654 South Marshfield Avenue                    
32.08 SMF VI 708 South Karlov Avenue                    
32.09 SMF VI 14119 South Tracy Avenue                    
32.10 SMF VI 701 North Lotus Avenue                    
32.11 SMF VI 404 South 4th Avenue                    
32.12 SMF VI 7254 South University Avenue                    
32.13 SMF VI 464 Gordon Avenue                    
32.14 SMF VI 470 Gordon Avenue                    
32.15 SMF VI 7210 South Yates Boulevard                    
32.16 SMF VI 7236 South Yates Boulevard                    
32.17 SMF VI 7249-7153 South Blackstone Avenue                    
32.18 SMF VI 14100 South Tracy Avenue                    
33 SMF VI Village Center Plaza   0 0 0 0 61,004 48,827 0 500,000 StarTex Reserve
34 JPMCB 1201 Oak Lawn   496 0 0 4,130 34,069 0 0 1,140,241 Outstanding TI/LC Reserve: 806,078; Free Rent Reserve: 334,163
35 BSP Chancellor Square Orlando   0 0 0 0 75,247 7,981 0 231,537 Occupancy Reserve
36 SMF VI Paradise Victoria Village   0 0 0 0 5,340 8,165 0 9,263 Wingstop Allowance Reserve
37 BSP Rio Bravo Square   66,262 0 0 100,000 9,842 15,000 0 1,256,492 dd’s Termination Reserve: 1,250,000; Unfunded Potential Obligation Reserve: 6,491.52
38 SMF VI Green River Promenade   0 0 0 0 18,734 5,807 0 0  
39 BSP Sleep Inn Charlotte   0 0 0 0 34,125 7,296 0 21,875 PIP Reserve
40 BSP NW Florida Apartment Portfolio   0 118,283 0 0 16,083 57,287 0 0  
40.01 BSP Southern Gardens                    
40.02 BSP Southern Breeze                    
40.03 BSP Southern Springs                    
41 SMF VI Airport Center Warehouses   0 14,688 0 100,000 24,786 7,710 0 0  
42 SMF VI 9600 Perry Highway   0 0 0 100,000 48,799 8,591 0 0  

 

A-1-5

 

 

ANNEX A-1 

 

        MONTHLY ESCROW(17)   RESERVE CAPS(18)
                                     
        Monthly Capex Monthly Envir. Monthly TI/LC Monthly RE Tax Monthly Ins. Monthly Other Other Monthly   CapEx Envir. TI/LC RE Tax Insur. Debt Service Other
Loan # Seller(1) Property Name   Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($)(21) Description ($)(21)    Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)
1 JPMCB 245 Park Avenue   47,738 0 Springing 3,878,518 113,500 0                  
2 JPMCB 211 Main Street   Springing 0 Springing Springing Springing 0     183,597   1,251,798        
3 JPMCB Browning Place   14,017 0 Springing 102,009 Springing 0     504,605   1,991,862        
4 JPMCB 740 Madison   0 0 0 Springing Springing 0                  
5 JPMCB Diamond Hill Denver   6,236 0 46,767 78,939 Springing 0                  
6 JPMCB Bingham Office Center   8,706 0 65,297 58,731 Springing 0         2,500,000        
7 JPMCB 2950 North Hollywood Way   2,083 0 Springing 45,491 Springing 0                  
8 JPMCB Marriott Colorado Springs   3% of Gross Revenues 0 0 23,000 Springing Springing PIP Reserve                
9 JPMCB Pillsbury Portfolio   7,146 0 0 23,865 Springing 0                  
9.01 JPMCB Allenwood                                
9.02 JPMCB Manor South                                
9.03 JPMCB Homestead                                
9.04 JPMCB Harborview                                
10 BSP Raytheon – 16800 Centretech   Springing 0 13,549 Springing Springing 0                  
11 JPMCB Humblewood Center   5,527 0 12,500 49,430 Springing 0         675,000        
12 BSP Wellington Marketplace   2,365 0 9,461 42,036 9,199 0         400,000        
13 JPMCB Diamond Hill Apartments   8,750 0 0 27,643 Springing 0                  
14 BSP Apex Fort Washington   6,472 0 32,360 69,908 7,391 0                  
15 JPMCB Moffett Gateway   0 0 0 180,864 Springing 0                  
16 BSP Walgreens / Rite Aid / Eckerd Portfolio   843 0 2,811 Springing 552 0                  
16.01 BSP Walgreens - Carolina                                
16.02 BSP Walgreens - Catano                                
16.03 BSP Eckerd (La-Z-Boy)                                
16.04 BSP Rite Aid - Shelby                                
16.05 BSP Rite Aid - Coldwater                                
17 SMF VI Fireside Self Storage Portfolio   2,225 0 0 25,229 1,658 672 Castleton Access Maintenance Reserve: 671.96; Property Improvements Reserve: Springing                
17.01 SMF VI Castleton Self Storage                                
17.02 SMF VI Raytown Storage                                
17.03 SMF VI State Street Storage                                
17.04 SMF VI Beachway Self Storage                                
17.05 SMF VI Delaware Storage                                
18 BSP Island View Crossing   3,153 0 11,262 47,032 2,571 0         600,000        
19 JPMCB Modesto Springhill Suites   4% of Gross Revenues 0 0 8,142 Springing Springing PIP Reserve                
20 BSP Home Depot - Bridgeport   Springing 0 0 Springing 2,598 0                  
21 BSP Romulus Airport Park   8,118 0 0 Springing Springing Springing Condo Reserve                
22 JPMCB Courtyard Marriott Clemson   4% of Gross Revenues 0 0 10,165 Springing Springing PIP Reserve                
23 SMF VI Knights Road Shopping Center   1,254 0 4,700 12,778 2,588 0         165,000        
24 SMF VI Monroe Park Tower   933 0 11,667 17,948 6,523 0                  
25 JPMCB Elk Grove Hampton Inn   4% of Gross Revenues 0 0 9,447 Springing Springing PIP Reserve                
26 SMF VI Atrium Office   1,914 0 6,382 9,624 1,373 10,742 Significant Tenant Reserve       390,000        
27 JPMCB Quail Creek   4,000 0 0 11,333 Springing 0                  
28 SMF VI Holiday Inn Express - Augusta   5% of Gross Revenues 0 0 6,171 2,332 Springing PIP Reserve; Hotel Tax Reserve             50,346  
29 SMF VI Romeo Commons   1,320 0 4,790 11,441 1,239 0         250,000        
30 SMF VI 106th South Office Building   620 0 Springing 11,998 1,520 0         365,000        
31 SMF VI Barrington Town Center   1,878 0 Springing 19,162 2,670 0     112,500   500,000        
32 SMF VI Pangea 16   4,417 0 0 16,144 3,841 0     159,000            
32.01 SMF VI 7752 South Cornell Avenue                                
32.02 SMF VI 7120-7132 South Wabash Avenue                                
32.03 SMF VI 6832 South Crandon Avenue                                
32.04 SMF VI 14015 South Tracy Avenue                                
32.05 SMF VI 14021 South Tracy Avenue                                
32.06 SMF VI 3560 West Cermak Road                                
32.07 SMF VI 7654 South Marshfield Avenue                                
32.08 SMF VI 708 South Karlov Avenue                                
32.09 SMF VI 14119 South Tracy Avenue                                
32.10 SMF VI 701 North Lotus Avenue                                
32.11 SMF VI 404 South 4th Avenue                                
32.12 SMF VI 7254 South University Avenue                                
32.13 SMF VI 464 Gordon Avenue                                
32.14 SMF VI 470 Gordon Avenue                                
32.15 SMF VI 7210 South Yates Boulevard                                
32.16 SMF VI 7236 South Yates Boulevard                                
32.17 SMF VI 7249-7153 South Blackstone Avenue                                
32.18 SMF VI 14100 South Tracy Avenue                                
33 SMF VI Village Center Plaza   649 0 2,500 15,251 3,488 0     23,364   125,000        
34 JPMCB 1201 Oak Lawn   496 0 4,130 8,517 Springing 0     17,843   247,813        
35 BSP Chancellor Square Orlando   1,772 0 8,861 12,541 3,991 Springing Specified Tenant Reserve                
36 SMF VI Paradise Victoria Village   500 0 1,515 5,340 742 0         150,000        
37 BSP Rio Bravo Square   1,158 0 3,859 4,921 1,111 0         235,000        
38 SMF VI Green River Promenade   504 0 2,547 6,245 645 0         150,000        
39 BSP Sleep Inn Charlotte   5% of Gross Revenues 0 0 4,266 1,459 Springing PIP Reserve                
40 BSP NW Florida Apartment Portfolio   4,813 0 0 5,361 5,729 0                  
40.01 BSP Southern Gardens                                
40.02 BSP Southern Breeze                                
40.03 BSP Southern Springs                                
41 SMF VI Airport Center Warehouses   0 0 Springing 4,131 1,464 0         100,000        
42 SMF VI 9600 Perry Highway   740 0 3,700 7,156 1,432 0                  

 

A-1-6

 

 

ANNEX A-1 

 

          LARGEST TENANT (3), (19), (20), (21)   2nd LARGEST TENANT (3), (19), (20), (21)   3rd LARGEST TENANT (3), (19), (20), (21)   4th LARGEST TENANT (3), (19), (20), (21)   5th LARGEST TENANT (3), (19), (20), (21)
                                               
        Single     Lease       Lease       Lease       Lease       Lease
Loan # Seller(1) Property Name   Tenant Largest Tenant Unit Size Expiration   2nd Largest Tenant Unit Size Expiration   3rd Largest Tenant Unit Size Expiration   4th Largest Tenant Unit Size Expiration   5th Largest Tenant Unit Size Expiration
1 JPMCB 245 Park Avenue   No Société Générale 562,347 10/31/32   JPMorgan Chase Bank, National Association 225,438 10/31/22   Major League Baseball 220,565 10/31/22   Angelo Gordon 113,405 05/31/26   Rabobank 109,657 09/30/26
2 JPMCB 211 Main Street   Yes Charles Schwab 417,266 04/30/28                                
3 JPMCB Browning Place   No Pacific Union Financial, LLC 88,220 11/30/18   Telvista, Inc. 72,192 04/30/21   NTT Data Consulting, Inc. 62,044 11/30/19   Medestar 25,113 05/31/22   GSA 24,204 04/16/24
4 JPMCB 740 Madison   Yes Bottega Veneta 27,753 09/30/38   HNA Group 5,423 03/31/22                        
5 JPMCB Diamond Hill Denver   No Midtown Occupational Health 21,662 03/31/28   Urban Drainage & Flood Control District 15,418 05/31/18   Wright Water Engineers 13,107 08/31/19   Concentra Medical Centers 12,642 03/31/21   CHER, LLC 12,011 04/30/22
6 JPMCB Bingham Office Center   No Comcast 72,053 08/31/19   Group Associates Inc. 21,940 01/31/18   United Physicians Inc 20,391 10/31/24   Jacobs Engineering Group, Inc. 18,972 07/31/21   Concentra Health Services, Inc. 17,193 11/30/17
7 JPMCB 2950 North Hollywood Way   No Entertainment Partners 150,035 03/31/29   Starbucks 8,297 02/28/19   Giant Interactive LLC 4,219 05/31/20                
8 JPMCB Marriott Colorado Springs   No                                      
9 JPMCB Pillsbury Portfolio   No                                      
9.01 JPMCB Allenwood   No                                      
9.02 JPMCB Manor South   No                                      
9.03 JPMCB Homestead   No                                      
9.04 JPMCB Harborview   No                                      
10 BSP Raytheon – 16800 Centretech   Yes Raytheon 216,786 09/30/26                                
11 JPMCB Humblewood Center   No Conn’s 55,322 09/30/26   Petco 12,500 01/31/27   Walgreens 10,575 01/31/21   Skechers 10,250 02/28/27   IHOP 5,170 12/31/19
12 BSP Wellington Marketplace   No Rocky’s Ace Hardware 23,411 07/31/18   Beall’s Outlet 22,888 11/01/18   Movies at Wellington 20,490 11/30/20   Walgreens 13,386 02/28/33   You Fit Health Clubs 10,350 04/30/22
13 JPMCB Diamond Hill Apartments   No                                      
14 BSP Apex Fort Washington   No Nutrisystem 119,767 07/31/22   Lincoln Investment Planning 52,767 06/30/27   Impax Laboratories, Inc. 47,379 08/31/27   AstraZeneca Pharmaceuticals 45,484 08/31/24   Citizens Bank of Pennsylvania 37,860 12/31/24
15 JPMCB Moffett Gateway   Yes Google 612,691 03/31/27                                
16 BSP Walgreens / Rite Aid / Eckerd Portfolio   Yes                                      
16.01 BSP Walgreens - Carolina   Yes Walgreens 15,660 09/30/31                                
16.02 BSP Walgreens - Catano   Yes Walgreens 15,750 09/30/30                                
16.03 BSP Eckerd (La-Z-Boy)   Yes La-Z-Boy 13,824 04/21/24                                
16.04 BSP Rite Aid - Shelby   Yes Rite Aid 11,180 07/31/29                                
16.05 BSP Rite Aid - Coldwater   Yes Rite Aid 11,060 11/30/28                                
17 SMF VI Fireside Self Storage Portfolio   No                                      
17.01 SMF VI Castleton Self Storage   No                                      
17.02 SMF VI Raytown Storage   No                                      
17.03 SMF VI State Street Storage   No                                      
17.04 SMF VI Beachway Self Storage   No                                      
17.05 SMF VI Delaware Storage   No                                      
18 BSP Island View Crossing   No Lenox Corporation 100,927 04/01/25   Strategic Distribution, Inc. 31,000 12/31/23   Staples Contract and Commercial, Inc. 16,884 12/31/18   Allied Electronics 10,572 05/31/27   1SEO.com 9,939 12/31/22
19 JPMCB Modesto Springhill Suites   No                                      
20 BSP Home Depot - Bridgeport   Yes The Home Depot 107,000 01/31/37                                
21 BSP Romulus Airport Park   No Roadrunner Transportation 61,944 03/31/18   Central States Trucking Co. 46,387 02/28/18   UPS Supply Chain Solutions 37,966 06/30/17   Joseph Cory Holdings, LLC 36,658 07/31/18   U.S. Quality, Inc. 35,044 01/31/19
22 JPMCB Courtyard Marriott Clemson   No                                      
23 SMF VI Knights Road Shopping Center   No Save-A-Lot 16,824 05/31/25   Rite Aid 15,162 02/28/30   Empire Beauty School 13,812 09/30/18   Santucci’s Square Pizza 5,038 11/30/24   BB&T 4,546 06/30/25
24 SMF VI Monroe Park Tower   No HCA Realty, Inc 35,821 03/31/22   Fowler White Boggs, PA 13,018 11/30/18   Bryant Miller Olive PA 12,130 05/31/20   Enterprise Florida, Inc. 10,689 12/31/21   Baker, Donelson, Bearman, Caldwell & Berkowitz 8,185 09/30/21
25 JPMCB Elk Grove Hampton Inn   No                                      
26 SMF VI Atrium Office   No Lebeau - Thelen 18,735 12/31/18   Barbich Hooper King Dill Hoffman Accountancy Corporation 13,314 11/15/19   AECOM 12,722 11/30/18   Gentiva Health Services 5,007 08/31/18   Lockheed Martin Corporation 1,858 02/28/21
27 JPMCB Quail Creek   No                                      
28 SMF VI Holiday Inn Express - Augusta   No                                      
29 SMF VI Romeo Commons   No Duluth Trading Post 16,474 01/31/28   Dollar Tree 10,685 01/31/21   Goldfish Swim School 10,357 03/31/24   Trek Bicycle Store 9,916 08/31/24   Dragon Phoenix Chinese 6,930 12/31/24
30 SMF VI 106th South Office Building   No Saygus 25,990 05/31/20   UBIC 11,476 10/31/20   4Life Research 9,956 03/31/21   Towers Property Management 4,549 11/30/19   Momentum Development Group 4,387 05/31/20
31 SMF VI Barrington Town Center   No Cinemark 37,983 03/31/21   Doogan’s of Aurora 11,000 12/31/18   Dollar Tree 10,722 02/28/21   Howard Hanna 10,000 03/31/25   University Health Center 7,488 02/28/22
32 SMF VI Pangea 16   No                                      
32.01 SMF VI 7752 South Cornell Avenue   No                                      
32.02 SMF VI 7120-7132 South Wabash Avenue   No                                      
32.03 SMF VI 6832 South Crandon Avenue   No                                      
32.04 SMF VI 14015 South Tracy Avenue   No                                      
32.05 SMF VI 14021 South Tracy Avenue   No                                      
32.06 SMF VI 3560 West Cermak Road   No                                      
32.07 SMF VI 7654 South Marshfield Avenue   No                                      
32.08 SMF VI 708 South Karlov Avenue   No                                      
32.09 SMF VI 14119 South Tracy Avenue   No                                      
32.10 SMF VI 701 North Lotus Avenue   No                                      
32.11 SMF VI 404 South 4th Avenue   No                                      
32.12 SMF VI 7254 South University Avenue   No                                      
32.13 SMF VI 464 Gordon Avenue   No                                      
32.14 SMF VI 470 Gordon Avenue   No                                      
32.15 SMF VI 7210 South Yates Boulevard   No                                      
32.16 SMF VI 7236 South Yates Boulevard   No                                      
32.17 SMF VI 7249-7153 South Blackstone Avenue   No                                      
32.18 SMF VI 14100 South Tracy Avenue   No                                      
33 SMF VI Village Center Plaza   No La Finca Restaurant 6,000 05/31/21   Sola Salon Studios 5,065 08/31/23   Katy ATA 4,743 11/30/22   StarTex Title Agency 3,580 09/30/17   Dr. Katie To DDS 2,500 05/31/20
34 JPMCB 1201 Oak Lawn   No Haas 15,620 12/31/27   Tile Shop 10,300 06/30/26   Bungalow 5 6,480 07/31/20   GR Home 4,000 03/31/20   El Bolero 3,250 04/30/25
35 BSP Chancellor Square Orlando   No Quest Diagnostics Clinical Laboratories 29,722 06/30/20   Oasis Pharmacy East, Inc. 16,893 02/28/22   Southern Technical Institute, LLC 10,329 04/30/27   Digital Consulting & Software Services Inc 9,544 01/31/18   UniWorld International, Inc. 8,549 12/31/20
36 SMF VI Paradise Victoria Village   No Rabobank 4,138 01/29/22   Chipotle Mexican Grill 2,475 07/17/18   Jasmine Thai Fusion 2,460 01/31/18   Peet’s Coffee & Tea 1,800 11/30/18   Jersey Mike’s Subs 1,524 07/31/19
37 BSP Rio Bravo Square   No dd’s Discounts 22,433 01/31/23   Goodwill Industries 11,530 08/31/20   Aaron’s Rental 8,300 07/31/20   Dollar Tree 8,030 12/31/21   New Mexico Motor Vehicle Department 5,675 12/31/19
38 SMF VI Green River Promenade   No Romp-O-Rama 9,998 03/31/27   Corona Hills Fitness 5,776 09/30/23   J. Sushi Restaurant 3,000 09/30/19   Big Al’s Pizza 2,755 01/31/21   Pivot Charter School Riverside 2,222 10/31/20
39 BSP Sleep Inn Charlotte   No                                      
40 BSP NW Florida Apartment Portfolio   No                                      
40.01 BSP Southern Gardens   No                                      
40.02 BSP Southern Breeze   No                                      
40.03 BSP Southern Springs   No                                      
41 SMF VI Airport Center Warehouses   No Magna Medical Equipment Corp. 3,335 10/31/17   Ramon Ortiz 1,870 06/30/17   Miami Events Group, LLC 1,870 06/30/17   G & E Logistic, Inc. 1,805 03/31/18   American Mechanical and Hydraulic, Inc. 1,500 01/31/20
42 SMF VI 9600 Perry Highway   No Coldwell Banker 22,303 12/31/22   Perry Park Lanes 11,997 12/31/21   First National Bank 2,346 09/30/24   Soccer Source 1,951 07/31/18   Brusters Ice Cream 1,900 12/31/19

 

A-1-7

 

 

ANNEX A-1 

 

                  Pari Passu Debt
                    Pari Passu Pari Passu Pari Passu Total Cut-off
        Loan   Lockbox Lockbox Cash Pari Passu Note Control Piece  In Trust Piece Non Trust Date Pari
Loan # Seller(1) Property Name   Purpose Principal / Carveout Guarantor(22)  (Y/N)  Type(23) Management(23) (Y/N) (Y/N) Cut-Off Balance Cut-Off Balance Passu Debt
1 JPMCB 245 Park Avenue   Acquisition 181 West Madison Holding LLC Yes Hard Springing Yes No 98,000,000 982,000,000 1,080,000,000
2 JPMCB 211 Main Street   Acquisition Blackstone Property Partners Lower Fund 1 L.P. Yes Hard Springing Yes No 65,219,000 105,000,000 170,219,000
3 JPMCB Browning Place   Refinance Transcontinental Realty Investors, Inc. Yes Hard In Place No NAP NAP NAP NAP
4 JPMCB 740 Madison   Refinance Wildenstein & Co. Inc. Yes Springing Springing Yes No 40,000,000 50,000,000 90,000,000
5 JPMCB Diamond Hill Denver   Refinance Gemini-Rosemont Realty LLC Yes Hard In Place No NAP NAP NAP NAP
6 JPMCB Bingham Office Center   Refinance The Farbman Family #2, LLC Yes Hard Springing No NAP NAP NAP NAP
7 JPMCB 2950 North Hollywood Way   Recapitalization Treeview Income Properties Holdco LLC Yes Hard Springing No NAP NAP NAP NAP
8 JPMCB Marriott Colorado Springs   Acquisition Julie A. Dumon, Trustee of the Julie A. Dumon Trust dated March 24, 2006, Julie A. Dumon, Graham Hershman, Michael S. Payne Yes Hard Springing No NAP NAP NAP NAP
9 JPMCB Pillsbury Portfolio   Acquisition ELCM HCRE Operating Entity I LLC Yes Soft Springing No NAP NAP NAP NAP
9.01 JPMCB Allenwood                      
9.02 JPMCB Manor South                      
9.03 JPMCB Homestead                      
9.04 JPMCB Harborview                      
10 BSP Raytheon – 16800 Centretech   Refinance Villanova Equities, LLC, Travis King, Corey Eagle Yes Hard Springing No NAP NAP NAP NAP
11 JPMCB Humblewood Center   Acquisition Forge Real Estate Partners III, LP Yes Springing Springing No NAP NAP NAP NAP
12 BSP Wellington Marketplace   Refinance Thomas J. Cannon Yes Springing Springing No NAP NAP NAP NAP
13 JPMCB Diamond Hill Apartments   Refinance Swapnil Agarwal Yes Springing Springing No NAP NAP NAP NAP
14 BSP Apex Fort Washington   Acquisition Edward N. Antoian Yes Hard Springing Yes No 21,000,000 33,500,000 54,500,000
15 JPMCB Moffett Gateway   Refinance Joseph K. Paul, Jay Paul Revocable Living Trust Dated November 9, 1999, as Amended and Restated on March 19, 2010, Paul Guarantor LLC Yes Hard In Place Yes No 20,000,000 223,000,000 243,000,000
16 BSP Walgreens / Rite Aid / Eckerd Portfolio   Refinance Yehuda Cohen Yes Hard In Place No NAP NAP NAP NAP
16.01 BSP Walgreens - Carolina                      
16.02 BSP Walgreens - Catano                      
16.03 BSP Eckerd (La-Z-Boy)                      
16.04 BSP Rite Aid - Shelby                      
16.05 BSP Rite Aid - Coldwater                      
17 SMF VI Fireside Self Storage Portfolio   Acquisition Kristie L. Bailey, Michael Bailey No None None No NAP NAP NAP NAP
17.01 SMF VI Castleton Self Storage                      
17.02 SMF VI Raytown Storage                      
17.03 SMF VI State Street Storage                      
17.04 SMF VI Beachway Self Storage                      
17.05 SMF VI Delaware Storage                      
18 BSP Island View Crossing   Acquisition Ephraim Hasenfeld Yes Hard Springing No NAP NAP NAP NAP
19 JPMCB Modesto Springhill Suites   Refinance Atrium Leveraged Loan Fund, LLC Yes Hard Springing No NAP NAP NAP NAP
20 BSP Home Depot - Bridgeport   Refinance Virginia Lee Paul, Anderson/Paul Family Trust Dated August 25, 1993 Yes Hard Springing No NAP NAP NAP NAP
21 BSP Romulus Airport Park   Refinance Francis Greenburger Yes Springing Springing No NAP NAP NAP NAP
22 JPMCB Courtyard Marriott Clemson   Refinance Matthew A. Mills, J.T. Norville, David Robert Yes Springing Springing No NAP NAP NAP NAP
23 SMF VI Knights Road Shopping Center   Acquisition Norman Cahan Yes Springing Springing No NAP NAP NAP NAP
24 SMF VI Monroe Park Tower   Acquisition Bart C. Warner, Bart C. Warner Revocable Trust Yes Springing Springing No NAP NAP NAP NAP
25 JPMCB Elk Grove Hampton Inn   Refinance Atrium Leveraged Loan Fund, LLC Yes Hard Springing No NAP NAP NAP NAP
26 SMF VI Atrium Office   Refinance Jeffrey A. Wohler, Robert J. Fena Yes Springing Springing No NAP NAP NAP NAP
27 JPMCB Quail Creek   Refinance Swapnil Agarwal Yes Springing Springing No NAP NAP NAP NAP
28 SMF VI Holiday Inn Express - Augusta   Refinance Subhash Patel, Vijay Patel Yes Springing Springing No NAP NAP NAP NAP
29 SMF VI Romeo Commons   Refinance Redico Properties LLC Yes Hard Springing No NAP NAP NAP NAP
30 SMF VI 106th South Office Building   Refinance Morris R. Sterrett Yes Springing Springing No NAP NAP NAP NAP
31 SMF VI Barrington Town Center   Acquisition Robert A. Kantor Yes Soft Springing No NAP NAP NAP NAP
32 SMF VI Pangea 16   Recapitalization Pangea Properties No None None No NAP NAP NAP NAP
32.01 SMF VI 7752 South Cornell Avenue                      
32.02 SMF VI 7120-7132 South Wabash Avenue                      
32.03 SMF VI 6832 South Crandon Avenue                      
32.04 SMF VI 14015 South Tracy Avenue                      
32.05 SMF VI 14021 South Tracy Avenue                      
32.06 SMF VI 3560 West Cermak Road                      
32.07 SMF VI 7654 South Marshfield Avenue                      
32.08 SMF VI 708 South Karlov Avenue                      
32.09 SMF VI 14119 South Tracy Avenue                      
32.10 SMF VI 701 North Lotus Avenue                      
32.11 SMF VI 404 South 4th Avenue                      
32.12 SMF VI 7254 South University Avenue                      
32.13 SMF VI 464 Gordon Avenue                      
32.14 SMF VI 470 Gordon Avenue                      
32.15 SMF VI 7210 South Yates Boulevard                      
32.16 SMF VI 7236 South Yates Boulevard                      
32.17 SMF VI 7249-7153 South Blackstone Avenue                      
32.18 SMF VI 14100 South Tracy Avenue                      
33 SMF VI Village Center Plaza   Refinance Kenneth Howard Boone Yes Springing Springing No NAP NAP NAP NAP
34 JPMCB 1201 Oak Lawn   Acquisition William L. Hutchinson Yes Hard In Place No NAP NAP NAP NAP
35 BSP Chancellor Square Orlando   Acquisition Sebastian Barbagallo Yes Springing Springing No NAP NAP NAP NAP
36 SMF VI Paradise Victoria Village   Refinance Edwin Flint Moore Yes Hard In Place No NAP NAP NAP NAP
37 BSP Rio Bravo Square   Refinance Gary D. Goodman Yes Springing Springing No NAP NAP NAP NAP
38 SMF VI Green River Promenade   Refinance Steven E. Wise Yes Springing Springing No NAP NAP NAP NAP
39 BSP Sleep Inn Charlotte   Refinance Nitin Shah, Neil Amin Yes Springing Springing No NAP NAP NAP NAP
40 BSP NW Florida Apartment Portfolio   Refinance Gordon C. MacLean Yes Springing Springing No NAP NAP NAP NAP
40.01 BSP Southern Gardens                      
40.02 BSP Southern Breeze                      
40.03 BSP Southern Springs                      
41 SMF VI Airport Center Warehouses   Refinance Jeffrey D. Cornfeld Yes Springing Springing No NAP NAP NAP NAP
42 SMF VI 9600 Perry Highway   Refinance William C. Rudolph, James A. Rudolph Yes Springing Springing No NAP NAP NAP NAP

 

A-1-8

 

 

ANNEX A-1 

 

        Additional Debt(24)   Total Debt
              Additional       Total Debt   Total Debt
        Addit Debt Addit Debt Additional Debt Cut off Additional Debt   Total Debt  UW NCF Total Debt  UW NOI
Loan # Seller(1) Property Name   Permitted (Y/N) Exist (Y/N) Debt Type(s) Date Balance Interest Rate    Cut-off Balance  DSCR Current LTV %  Debt Yield %
1 JPMCB 245 Park Avenue   No Yes Subordinate Debt (120,000,000)/Mezzanine Loans (568,000,000) 688,000,000 5.28990   1,768,000,000 1.42 80.0% 6.5%
2 JPMCB 211 Main Street   No Yes B-Note 25,000,000 4.90000   195,219,000 2.07 66.4% 7.9%
3 JPMCB Browning Place   No No NAP NAP NAP   NAP NAP NAP NAP
4 JPMCB 740 Madison   No No NAP NAP NAP   90,000,000 1.96 60.0% 8.0%
5 JPMCB Diamond Hill Denver   No No NAP NAP NAP   NAP NAP NAP NAP
6 JPMCB Bingham Office Center   No Yes Mezzanine Loan 8,000,000 9.50000   39,000,000 1.40 75.0% 10.9%
7 JPMCB 2950 North Hollywood Way   No No NAP NAP NAP   NAP NAP NAP NAP
8 JPMCB Marriott Colorado Springs   No No NAP NAP NAP   NAP NAP NAP NAP
9 JPMCB Pillsbury Portfolio   No No NAP NAP NAP   NAP NAP NAP NAP
9.01 JPMCB Allenwood                 NAP NAP NAP
9.02 JPMCB Manor South                 NAP NAP NAP
9.03 JPMCB Homestead                 NAP NAP NAP
9.04 JPMCB Harborview                 NAP NAP NAP
10 BSP Raytheon – 16800 Centretech   No No NAP NAP NAP   NAP NAP NAP NAP
11 JPMCB Humblewood Center   No No NAP NAP NAP   NAP NAP NAP NAP
12 BSP Wellington Marketplace   No No NAP NAP NAP   NAP NAP NAP NAP
13 JPMCB Diamond Hill Apartments   No No NAP NAP NAP   NAP NAP NAP NAP
14 BSP Apex Fort Washington   No No NAP NAP NAP   54,500,000 1.40 64.4% 10.1%
15 JPMCB Moffett Gateway   No Yes B-Note (102,000,000)/Mezzanine Loan (50,000,000) 152,000,000 5.44408   395,000,000 1.22 75.2% 7.3%
16 BSP Walgreens / Rite Aid / Eckerd Portfolio   No No NAP NAP NAP   NAP NAP NAP NAP
16.01 BSP Walgreens - Carolina                 NAP NAP NAP
16.02 BSP Walgreens - Catano                 NAP NAP NAP
16.03 BSP Eckerd (La-Z-Boy)                 NAP NAP NAP
16.04 BSP Rite Aid - Shelby                 NAP NAP NAP
16.05 BSP Rite Aid - Coldwater                 NAP NAP NAP
17 SMF VI Fireside Self Storage Portfolio   No No NAP NAP NAP   NAP NAP NAP NAP
17.01 SMF VI Castleton Self Storage                 NAP NAP NAP
17.02 SMF VI Raytown Storage                 NAP NAP NAP
17.03 SMF VI State Street Storage                 NAP NAP NAP
17.04 SMF VI Beachway Self Storage                 NAP NAP NAP
17.05 SMF VI Delaware Storage                 NAP NAP NAP
18 BSP Island View Crossing   No No NAP NAP NAP   NAP NAP NAP NAP
19 JPMCB Modesto Springhill Suites   No No NAP NAP NAP   NAP NAP NAP NAP
20 BSP Home Depot - Bridgeport   No No NAP NAP NAP   NAP NAP NAP NAP
21 BSP Romulus Airport Park   No No NAP NAP NAP   NAP NAP NAP NAP
22 JPMCB Courtyard Marriott Clemson   No No NAP NAP NAP   NAP NAP NAP NAP
23 SMF VI Knights Road Shopping Center   No No NAP NAP NAP   NAP NAP NAP NAP
24 SMF VI Monroe Park Tower   No No NAP NAP NAP   NAP NAP NAP NAP
25 JPMCB Elk Grove Hampton Inn   No No NAP NAP NAP   NAP NAP NAP NAP
26 SMF VI Atrium Office   No No NAP NAP NAP   NAP NAP NAP NAP
27 JPMCB Quail Creek   No No NAP NAP NAP   NAP NAP NAP NAP
28 SMF VI Holiday Inn Express - Augusta   No No NAP NAP NAP   NAP NAP NAP NAP
29 SMF VI Romeo Commons   No No NAP NAP NAP   NAP NAP NAP NAP
30 SMF VI 106th South Office Building   No No NAP NAP NAP   NAP NAP NAP NAP
31 SMF VI Barrington Town Center   Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP
32 SMF VI Pangea 16   Yes No Permitted Mezzanine NAP NAP   NAP NAP NAP NAP
32.01 SMF VI 7752 South Cornell Avenue                 NAP NAP NAP
32.02 SMF VI 7120-7132 South Wabash Avenue                 NAP NAP NAP
32.03 SMF VI 6832 South Crandon Avenue                 NAP NAP NAP
32.04 SMF VI 14015 South Tracy Avenue                 NAP NAP NAP
32.05 SMF VI 14021 South Tracy Avenue                 NAP NAP NAP
32.06 SMF VI 3560 West Cermak Road                 NAP NAP NAP
32.07 SMF VI 7654 South Marshfield Avenue                 NAP NAP NAP
32.08 SMF VI 708 South Karlov Avenue                 NAP NAP NAP
32.09 SMF VI 14119 South Tracy Avenue                 NAP NAP NAP
32.10 SMF VI 701 North Lotus Avenue                 NAP NAP NAP
32.11 SMF VI 404 South 4th Avenue                 NAP NAP NAP
32.12 SMF VI 7254 South University Avenue                 NAP NAP NAP
32.13 SMF VI 464 Gordon Avenue                 NAP NAP NAP
32.14 SMF VI 470 Gordon Avenue                 NAP NAP NAP
32.15 SMF VI 7210 South Yates Boulevard                 NAP NAP NAP
32.16 SMF VI 7236 South Yates Boulevard                 NAP NAP NAP
32.17 SMF VI 7249-7153 South Blackstone Avenue                 NAP NAP NAP
32.18 SMF VI 14100 South Tracy Avenue                 NAP NAP NAP
33 SMF VI Village Center Plaza   No No NAP NAP NAP   NAP NAP NAP NAP
34 JPMCB 1201 Oak Lawn   No No NAP NAP NAP   NAP NAP NAP NAP
35 BSP Chancellor Square Orlando   No No NAP NAP NAP   NAP NAP NAP NAP
36 SMF VI Paradise Victoria Village   No No NAP NAP NAP   NAP NAP NAP NAP
37 BSP Rio Bravo Square   No No NAP NAP NAP   NAP NAP NAP NAP
38 SMF VI Green River Promenade   No No NAP NAP NAP   NAP NAP NAP NAP
39 BSP Sleep Inn Charlotte   No No NAP NAP NAP   NAP NAP NAP NAP
40 BSP NW Florida Apartment Portfolio   No Yes Mezzanine Loan 749,074 12.00284   6,158,057 1.44 68.1% 12.5%
40.01 BSP Southern Gardens                 1.44 68.1% 12.5%
40.02 BSP Southern Breeze                 1.44 68.1% 12.5%
40.03 BSP Southern Springs                 1.44 68.1% 12.5%
41 SMF VI Airport Center Warehouses   No No NAP NAP NAP   NAP NAP NAP NAP
42 SMF VI 9600 Perry Highway   No No NAP NAP NAP   NAP NAP NAP NAP

 

A-1-9

 

 

ANNEX A-1 

 

        HOTEL OPERATING STATISTICS  
                                       
        2014 2014 2014 2015 2015 2015 2016 2016 2016 Most Recent Most Recent Most Recent UW UW UW  
Loan # Seller(1) Property Name   Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($) Occupancy %  ADR ($)  RevPAR ($) Loan #
1 JPMCB 245 Park Avenue                                 1
2 JPMCB 211 Main Street                                 2
3 JPMCB Browning Place                                 3
4 JPMCB 740 Madison                                 4
5 JPMCB Diamond Hill Denver                                 5
6 JPMCB Bingham Office Center                                 6
7 JPMCB 2950 North Hollywood Way                                 7
8 JPMCB Marriott Colorado Springs   57.9% 110.95 64.25 61.1% 119.29 72.86 68.9% 123.61 85.12       68.9% 123.61 85.12 8
9 JPMCB Pillsbury Portfolio                                 9
9.01 JPMCB Allenwood                                 9.01
9.02 JPMCB Manor South                                 9.02
9.03 JPMCB Homestead                                 9.03
9.04 JPMCB Harborview                                 9.04
10 BSP Raytheon – 16800 Centretech                                 10
11 JPMCB Humblewood Center                                 11
12 BSP Wellington Marketplace                                 12
13 JPMCB Diamond Hill Apartments                                 13
14 BSP Apex Fort Washington                                 14
15 JPMCB Moffett Gateway                                 15
16 BSP Walgreens / Rite Aid / Eckerd Portfolio                                 16
16.01 BSP Walgreens - Carolina                                 16.01
16.02 BSP Walgreens - Catano                                 16.02
16.03 BSP Eckerd (La-Z-Boy)                                 16.03
16.04 BSP Rite Aid - Shelby                                 16.04
16.05 BSP Rite Aid - Coldwater                                 16.05
17 SMF VI Fireside Self Storage Portfolio                                 17
17.01 SMF VI Castleton Self Storage                                 17.01
17.02 SMF VI Raytown Storage                                 17.02
17.03 SMF VI State Street Storage                                 17.03
17.04 SMF VI Beachway Self Storage                                 17.04
17.05 SMF VI Delaware Storage                                 17.05
18 BSP Island View Crossing                                 18
19 JPMCB Modesto Springhill Suites   74.4% 120.03 89.31 74.7% 125.36 93.66 83.9% 128.73 108.00 84.2% 129.31 108.92 84.2% 129.31 108.92 19
20 BSP Home Depot - Bridgeport                                 20
21 BSP Romulus Airport Park                                 21
22 JPMCB Courtyard Marriott Clemson   68.4% 119.38 81.61 69.5% 127.82 88.77 72.3% 132.18 95.62 70.9% 133.37 94.58 70.7% 133.37 94.32 22
23 SMF VI Knights Road Shopping Center                                 23
24 SMF VI Monroe Park Tower                                 24
25 JPMCB Elk Grove Hampton Inn   69.9% 98.76 69.08 76.7% 112.19 86.05 77.3% 121.50 93.95 77.1% 122.16 94.14 76.7% 115.51 88.60 25
26 SMF VI Atrium Office                                 26
27 JPMCB Quail Creek                                 27
28 SMF VI Holiday Inn Express - Augusta         56.2% 111.64 62.74 64.5% 117.75 75.90 66.4% 117.49 78.02 66.4% 117.49 78.02 28
29 SMF VI Romeo Commons                                 29
30 SMF VI 106th South Office Building                                 30
31 SMF VI Barrington Town Center                                 31
32 SMF VI Pangea 16                                 32
32.01 SMF VI 7752 South Cornell Avenue                                 32.01
32.02 SMF VI 7120-7132 South Wabash Avenue                                 32.02
32.03 SMF VI 6832 South Crandon Avenue                                 32.03
32.04 SMF VI 14015 South Tracy Avenue                                 32.04
32.05 SMF VI 14021 South Tracy Avenue                                 32.05
32.06 SMF VI 3560 West Cermak Road                                 32.06
32.07 SMF VI 7654 South Marshfield Avenue                                 32.07
32.08 SMF VI 708 South Karlov Avenue                                 32.08
32.09 SMF VI 14119 South Tracy Avenue                                 32.09
32.10 SMF VI 701 North Lotus Avenue                                 32.10
32.11 SMF VI 404 South 4th Avenue                                 32.11
32.12 SMF VI 7254 South University Avenue                                 32.12
32.13 SMF VI 464 Gordon Avenue                                 32.13
32.14 SMF VI 470 Gordon Avenue                                 32.14
32.15 SMF VI 7210 South Yates Boulevard                                 32.15
32.16 SMF VI 7236 South Yates Boulevard                                 32.16
32.17 SMF VI 7249-7153 South Blackstone Avenue                                 32.17
32.18 SMF VI 14100 South Tracy Avenue                                 32.18
33 SMF VI Village Center Plaza                                 33
34 JPMCB 1201 Oak Lawn                                 34
35 BSP Chancellor Square Orlando                                 35
36 SMF VI Paradise Victoria Village                                 36
37 BSP Rio Bravo Square                                 37
38 SMF VI Green River Promenade                                 38
39 BSP Sleep Inn Charlotte   63.8% 76.14 48.59 62.2% 82.37 51.24 67.4% 83.13 56.00 65.7% 82.93 54.48 65.7% 82.93 54.48 39
40 BSP NW Florida Apartment Portfolio                                 40
40.01 BSP Southern Gardens                                 40.01
40.02 BSP Southern Breeze                                 40.02
40.03 BSP Southern Springs                                 40.03
41 SMF VI Airport Center Warehouses                                 41
42 SMF VI 9600 Perry Highway                                 42

 

A-1-10

 

 

JPMCC Commercial Mortgage Securities 2017-JP6

 

Footnotes to Annex A-1

 

(1)“JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “BSP” denotes Benefit Street Partners CRE Finance LLC, as Mortgage Loan Seller; and “SMF VI” denotes Starwood Mortgage Funding VI LLC, as Mortgage Loan Seller.

 

With respect to Loan No. 1, 245 Park Avenue, the whole loan was co-originated by JPMCB, Natixis Real Estate Capital LLC, Barclays Bank PLC, Deutsche Bank AG, New York Branch and Société Générale.”

 

(2)Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

 

With respect to Loan No. 11, Humblewood Center, Units is inclusive of square footage associated with Burger King, Chick-fil-A and Pappas BBQ, for which the tenants own their respective improvements but not the related land, which is ground leased from the borrower. Burger King ground leases its premises through May 2019 and pays annual ground rent of $60,500. Chick-fil-A ground leases its premises through October 2025 and pays annual ground rent of $121,000. Pappas BBQ ground leases its premises through August 2021 and pays annual ground rent of $138,656. In addition, the borrower is permitted to release the parcels ground leased to Pappas BBQ and Chick-fil-A (together, the “Release Parcels”) without any prepayment of the mortgage loan upon satisfaction of certain conditions set forth in the mortgage loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” for additional information.

 

With respect to Loan No. 12, Wellington Marketplace, Units is inclusive of square footage associated with Walgreens, for which the tenant owns its improvements but not the related land, which is ground leased from the borrower. Walgreens originally constructed its outparcel in 2014 and is in the fifth year of its initial 20-year ground lease term. The fully extended lease term expires in February 2088.

 

(3)In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.

 

With respect to Loan No. 1, 245 Park Avenue, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using (i) for non-investment grade tenants, rent steps through April 2018 and (ii) for investment-grade tenants, the average base rent over the lesser of the 245 Park Avenue Whole Loan term and the applicable lease term.

 

With respect to Loan No. 1, 245 Park Avenue, the Largest Tenant, Société Générale, subleases a portion of its space to Brunswick Group and MIO Partners. The 2nd Largest Tenant, JPMCB, subleases a portion of its space to Société Générale, the Largest Tenant at the property. Additionally, the 2nd Largest Tenant subleases a portion of its space to Houlihan Lokey Inc., The Nemec Agency, Pierpont Capital Holdings LLC and JLL. The 3rd Largest Tenant, Major League Baseball (“MLB”), subleases a portion of its space to National Bank of Australia, Houlihan Lokey Inc. and Anthos USA Inc. MLB has announced that it plans to vacate its space at the end of its lease term in October 2022 and that it has executed a lease at another location and intends to move in to such location in 2019. If MLB does not renew its lease 12 months before its lease expiration date or if MLB vacates or abandons all or substantially all of its premises, a cash sweep event will occur. Additionally, Occupancy % includes HNA Capital USA LLC (an affiliate of the loan sponsor) and MIO Partners, together representing approximately 2.7% of the remeasured net rentable square feet, which have executed leases but have not yet taken occupancy.

 

With respect to Loan No. 2, 211 Main Street, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using the straight-line average rent of the sole tenant, Charles Schwab, over the term of the loan, due to the investment grade credit rating of the tenant.

 

A-1-11

 

 

With respect to Loan No. 4, 740 Madison, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using the average annual rent of the Largest Tenant, Bottega Veneta, over the first 10 years of the loan term, due to the investment grade credit rating of the lease guarantor and duration of the lease term.

 

With respect to Loan No. 4, 740 Madison, the Largest Tenant, Bottega Veneta, has signed a lease but has not yet taken occupancy or commenced paying rent. The tenant is currently building-out its space at its own expense at an estimated cost of reportedly in excess of $20.0 million. Bottega Veneta is expected to take occupancy in February 2018 and is required to commence paying rent in November 2018. The Bottega Veneta lease requires an approximately 21-month free rent period extending through October 2018, as well as an additional $2.0 million rent credit to be applied as a monthly credit of $100,000 against the first 20 rent payments.

 

With respect to Loan No. 7, 2950 North Hollywood Way, Occupancy %, UW Revenues ($), UW NOI ($) and UW NCF ($) include the Largest Tenant, Entertainment Partners, which leases 150,035 square feet (92.3% of the net rentable area) through March 2029. With respect to 132,727 square feet (the “Directly Leased Space”), Entertainment Partners took possession of its space upon lease commencement in April 2017, but is not yet in occupancy or paying rent. With respect to 17,308 square feet (the “Assigned Space”), Entertainment Partners has taken possession of its space pursuant to an assignment and assumption agreement with the prior tenant, PSI, and is required to pay rent under the assigned lease (the “PSI Lease”) through June 2020. Upon expiration of the PSI Lease in June 2020, Entertainment Partners will continue to lease the Assigned Space pursuant to its lease executed in September 2016 through March 2029. With respect only to the Assigned Space, Entertainment Partners will have a free rent period from July 2020 through February 2021, which free rent was not reserved for at origination. According to the loan sponsor, Entertainment Partners is currently completing a tenant specific customization and buildout of its entire space, including both the Directly Leased Space and the Assigned Space, at an estimated cost of approximately $18.8 million ($126 per square foot). Of this amount, the loan sponsor has committed to pay approximately $7.9 million ($53 per square foot) in the form of a tenant improvement allowance, with the tenant coming out-of-pocket for the remaining budgeted amount. Entertainment Partners has a free rent period with respect to the Directly Leased Space extending through October 2017, after which it is required to commence paying its full unabated contractual base rent of approximately $4.6 million annually ($34.80 per square foot) with annual rent increases of approximately 3.0%. At origination, the borrower reserved approximately $12.6 million for outstanding tenant improvement, leasing commission and free rent obligations through October 2017 associated with the Entertainment Partners lease.

 

With respect to Loan No. 8, Marriott Colorado Springs, approximately 25.8% of UW Revenues ($) is attributable to the food and beverage outlets at the mortgaged property.

 

With respect to Loan No. 9, Pillsbury Portfolio, Occupancy (%) is calculated based on the trailing 12-month period as of January 31, 2017.

 

With respect to Loan No. 11, Humblewood Center, UW Revenues ($), UW NOI ($) and UW NCF ($) do not include ground rents from Chick-fil-A and Pappas BBQ, as the parcels ground leased to those tenants are permitted to be released without a related prepayment premium or defeasance of the mortgage loan.

 

A-1-12

 

 

With respect to Loan No. 14, Apex Fort Washington, Occupancy %, UW Revenues ($), UW NOI ($) and UW NCF ($) includes four tenants, Lincoln Investment Planning (52,767 square feet), Impax Laboratories, Inc. (47,379 square feet), Citizens Bank of Pennsylvania (37,860 square feet) and Connexin Software, Inc. (3,028 square feet of existing space and 18,473 square feet of expansion space) that have signed leases but have not yet taken occupancy or commenced paying rent. Lincoln Investment Planning is required to commence paying full rent in September 2017 (and pay partial rent in August 2017), Impax Laboratories, Inc. is required to commence paying rent in September 2017; Citizens Bank of Pennsylvania is expected to take occupancy by July 2017 and is required to commence paying rent in February 2018; Connexin Software, Inc. (i) as to its existing space is in occupancy and is required to commence paying rent in October 2017, and (ii) as to its expansion space, is expected to take occupancy in March 2018 and is required to commence paying rent in October 2018. Additionally, AstraZeneca Pharmaceuticals is currently dark but paying rent.

 

With respect to Loan No. 15, Moffett Gateway, Occupancy %, UW Revenues ($), UW NOI ($) and UW NCF ($) include the sole tenant, Google, which has executed two leases but not yet taken occupancy or commenced paying rent under either lease. Google leases the mortgaged property under two separate leases: (1) 1225 Crossman Avenue (“Building One”) and (2) 1265 Crossman Avenue (“Building Two”). According to the loan sponsor, Google is expected to take occupancy of both spaces in September 2017 and is required to commence paying rent under each lease as follows: Building One in July 2018 and Building Two in July 2017. In addition, UW Revenues ($), UW NOI ($) and UW NCF ($) are calculated using the average rent of the sole tenant, Google, over the term of the related leases inclusive of the free rent reserve due to the investment grade credit rating of the tenant.

 

With respect to Loan No. 34, 1201 Oak Lawn, the Largest Tenant, Haas, has signed a lease but has not yet taken occupancy or commenced paying rent. The tenant is expected to take occupancy on July 1, 2017.

 

(4)With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.

 

With respect to Loan No. 5, Diamond Hill Denver, the Appraised Value ($) represents the “Hypothetical As-Is” appraised value of $51,800,000, which assumes that deferred maintenance expenses and lease up costs for recently signed leases (free rent/downtime, tenant improvements and leasing commissions) have been escrowed and/or expended. At origination, the borrower reserved $376,875 for deferred maintenance, $188,558 for outstanding tenant improvements and leasing commissions and $50,087 for outstanding free rent obligations. The “as-is” value as of February 24, 2017 is $51,200,000, which results in a Current LTV % and Maturity LTV % of 62.5% and 59.8%, respectively.

 

With respect to Loan No. 7, 2950 North Hollywood Way, the Appraised Value ($) represents the “Hypothetical - As If Stabilized” appraised value of $64,000,000, which assumes that all lease-up costs have been incurred, including tenant improvements, leasing commissions and free rent. At origination, the borrower reserved $9,314,933 for outstanding tenant improvements and leasing commissions and $3,254,778 for outstanding free rent associated with the lease for Entertainment Partners in the Upfront Other Reserve ($). The “as-is” value as of December 14, 2016 is $51,000,000, which results in a Current LTV % and Maturity LTV % of 60.5% and 49.5%, respectively.

 

With respect to Loan No. 8, Marriott Colorado Springs, the Appraised Value ($) represents the “As If Complete” appraised value of $40,800,000, which assumes that all upgrades and capital improvements pertaining to the property improvement plan (“PIP”) required by the franchise agreement have been completed. At origination, the borrower was required to reserve $8,023,640 into the Upfront Other Reserve ($) in connection with the PIP. The “as-is” value as of December 13, 2016 is $32,500,000, which results in a Current LTV % and Maturity LTV % of 78.8% and 65.2%, respectively.

 

A-1-13

 

 

With respect to Loan No. 11, Humblewood Center, the Appraised Value ($) of $32,130,000 represents the appraised value less the value attributable to two ground lease parcels, Chick-fil-A and Pappas BBQ, to which the appraisal attributed approximately $4.5 million of aggregate value. Inclusive of the two ground lease parcels, the appraised value is $36,590,000, which results in a Current LTV % and Maturity LTV % of 60.5% and 57.6%, respectively. The borrower is permitted to release the parcels ground leased to Chick-fil-A and Pappas BBQ from the lien of the mortgage loan without any related prepayment premium or defeasance of the mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the Preliminary Prospectus for additional information.

 

With respect to Loan No. 13, Diamond Hill Apartments, the Appraised Value ($) represents the “Prospective As-Stabilized” appraised value of $29,000,000, which assumes that the remaining renovations of the property will be completed within six months of the appraisal date of September 23, 2016 and that the mortgaged property is 93.0% occupied as of March 23, 2017. As of March 8, 2017, the actual occupancy reported at the property was approximately 94.0%. At origination, the borrower was required to reserve $500,000 into the Upfront Capex Reserve ($) for the remaining renovations. The “as-is” value as of September 23, 2016 is $28,700,000, which results in a Current LTV % and Maturity LTV % of 75.3% and 70.0%, respectively.

 

With respect to Loan No. 14, Apex Fort Washington, the Appraised Value ($) represents the “Prospective Value Upon Stabilization” appraised value of $84,600,000 with an anticipated date of January 1, 2018, which assumes the burn-off of approximately $4.5 million of lease-up costs (including tenant improvements, leasing commissions, free rent, rent loss and expense carry) associated with tenants already in place and which have been reserved for at loan closing and also includes the appraisal’s projections of property cash flows as of such date. At origination, the borrower was required to reserve $6,818,679 into the Upfront Other Reserve ($) for outstanding tenant improvements and leasing commissions and immediate repairs. The “as-is” value as of December 5, 2016 is $78.8 million, which results in a Current LTV % and Maturity LTV % of 69.2% and 60.3%, respectively.

 

With respect to Loan No. 15, Moffett Gateway, the Appraised Value ($) represents the “Hypothetical Value As-Stabilized” of $525,000,000, which assumes that all tenant improvement construction is complete and all contractual free rent obligations have burned off as of the stabilized value date of July 20, 2016. At origination, the borrower was required to reserve $43,642,904 into the Upfront Other Reserve ($) for outstanding tenant improvements, $5,743,978 for outstanding leasing commissions and $37,575,033 for outstanding free rent. The “as-is” value as of July 20, 2016 was $430,000,000, which results in a Current LTV % and Maturity LTV % of 56.5% and 48.0%, respectively.

 

With respect to Loan No. 22, Courtyard Marriott Clemson, the Appraised Value ($) represents the “Hypothetical Market Value As-Is” of $19,400,000, which assumes that there was no PIP required by the franchise agreement. The “as-is” value as of November 3, 2016 is $18,500,000, which results in a Current LTV % and Maturity LTV % of 69.4% and 56.8%, respectively. According to the sponsor, work on the PIP has been completed.

 

(5)For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.

 

A-1-14

 

 

(6)With respect to Loan No. 1, 245 Park Avenue, the mortgage loan is part of a whole loan with an original principal balance of $1,200,000,000 (the “245 Park Avenue Whole Loan”) which is comprised of 19 pari passu components and five subordinate companion loans. Note A-2-A-1, with an aggregate outstanding principal balance as of the Cut-off Date of $98,000,000, is being contributed to the JPMCC 2017-JP6 Trust. Notes A-1-A, A-1-B, A-1-C, A-1-D, A-1-E, with an aggregate outstanding principal balance as of the Cut-off Date of $380,000,000, and the subordinate companion loans, with an aggregate outstanding principal balance as of the Cut-off Date of $120,000,000, are being contributed to a private securitization trust. The remaining 13 pari passu components, with an aggregate outstanding principal balance as of the Cut-off Date of $602,000,000 are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the 245 Park Avenue Street Whole Loan balance excluding the subordinate companion loans.

 

With respect to Loan No. 2, 211 Main Street, the mortgage loan is part of a whole loan with an original principal balance of $195,219,000 (the “211 Main Street Whole Loan”) which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3) and three subordinate companion loans (Note B-1, Note B-2 and Note B-3). Note A-3 has an outstanding principal balance as of the Cut-off Date of $65,219,000 and is being contributed to the JPMCC 2017-JP6 Trust. Note A-1 and Note A-2 have an aggregate outstanding principal balance as of the Cut-off Date of $105,000,000 and are expected to be contributed to one or more future securitization trusts. Note B-1, Note B-2 and Note B-3 have an aggregate outstanding principal balance as of the Cut-off Date of $25,000,000 and have been sold to one or more third-party investors. All loan level metrics are based on the 211 Main Street Whole Loan balance excluding the subordinate companion loans.

 

With respect to Loan No. 4, 740 Madison, the mortgage loan is part of a whole loan with an original principal balance of $90,000,000 (the “740 Madison Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-1 has an outstanding principal balance as of the Cut-off Date of $40,000,000 and is being contributed to the JPMCC 2017-JP6 Trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $50,000,000 and is expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the 740 Madison Whole Loan balance.

 

With respect to Loan No. 14, Apex Fort Washington, the mortgage loan is part of a whole loan with an original principal balance of $54,500,000 (the “Apex Fort Washington Whole Loan”) which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3). Note A-1 has an outstanding principal balance as of the Cut-off Date of $21,000,000 and is being contributed to the JPMCC 2017-JP6 Trust. Note A-2 and Note A-3 have an aggregate outstanding principal balance as of the Cut-off Date of $33,500,000 and are expected to be contributed to one or more future securitization trusts.

 

With respect to Loan No. 15, Moffett Gateway, the mortgage loan is part of a whole loan with an original principal balance of $345,000,000 (the “Moffett Gateway Whole Loan”) which is comprised of five pari passu components (Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5) and one subordinate companion loan (Note B-1). Note A-4 has an outstanding principal balance as of the Cut-off Date of $20,000,000 and is being contributed to the JPMCC 2017-JP6 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $80,000,000 and was contributed to the JPMCC 2017-JP5 trust. Note A-2 has an outstanding principal balance as of the Cut-off Date of $60,000,000 and was contributed to the JPMCC 2016-JP4 trust. Note A-3 has an outstanding principal balance as of the Cut-off Date of $40,000,000 and was contributed to the JPMDB 2017-C5 trust. Note A-5 has an outstanding principal balance as of the Cut-off Date of $43,000,000 and was contributed to the JPMDB 2016-C4 trust. Note B-1 has an outstanding balance as of the Cut-off Date of $102,000,000 and was sold to a third-party investor. All loan level metrics are based on the Moffett Gateway Whole Loan balance excluding the subordinate companion loan.

 

A-1-15

 

 

(7)Each number identifies a group of related borrowers.

 

With respect to Loan No. 31, Barrington Town Center, the borrowers own the mortgaged property as tenants-in-common.

 

(8)For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor and Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).

 

(9)For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. For the mortgage loans that are interest-only for a partial term, the Monthly Debt Service ($) was calculated after the expiration of the interest-only period.

 

(10)With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.

 

With respect to Loan No. 15, Moffett Gateway, the Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal payment schedule set forth on Annex F to this Preliminary Prospectus. As such, the Current Balance ($), Maturity/ARD Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this principal payment schedule and a fixed interest rate of 3.319403%.

 

With respect to Loan No. 40, NW Florida Apartment Portfolio, the Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments based on the assumed principal payment schedule set forth on Annex G to the Preliminary Prospectus. As such, the Current Balance ($), Maturity/ARD Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this principal payment schedule and a fixed interest rate of 5.53300%.

 

(11)With respect to Loan No. 4, 740 Madison, the mortgage loan has an ARD feature with an anticipated repayment date of May 1, 2027, with the interest rate after the ARD date increasing to a rate equal to the greater of (x) 7.00000% and (y) 3.00000% plus the 10-year swap yield as of the first business day after the anticipated repayment date, as determined by the lender, until the Final Mat Date of May 1, 2029. The loan documents provide that the revised interest rate may not exceed 9.00000% per annum. On and after the anticipated repayment date, the 740 Madison Whole Loan requires a constant monthly payment equal to approximately $429,674, which is required to be applied to interest accruing at the initial interest rate, and then to principal. Interest accrued at the revised rate in excess of the interest accrued at the initial rate is not required to be paid monthly and will be deferred.

 

With respect to Loan No. 20, Home Depot – Bridgeport, the mortgage loan has an ARD feature with an anticipated repayment date of March 6, 2027, with the interest rate after the ARD date increasing to a rate equal to the greater of (x) 9.15000% per annum and (y) the 10-year treasury rate plus 400 basis points, until the Final Mat Date of March 6, 2037.

 

(12)The “L” component of the prepayment provision represents lockout payments.

 

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

 

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

 

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

 

A-1-16

 

 

With respect to Loan No. 1, 245 Park Avenue, the lockout period is required to be at least 24 payments beginning with and including the first payment on July 1, 2017. Defeasance of the full $1.2 billion 245 Park Avenue Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the final securitization that includes the last note to be securitized and (ii) July 1, 2020. The assumed lockout period of 24 months is based on the expected JPMCC 2017-JP6 securitization closing date in June 2017. The actual lockout period may be longer.

 

With respect to Loan No. 2, 211 Main Street, the lockout period with respect to a defeasance of the 211 Main Street Whole Loan is required to be at least 26 payments beginning with and including the first payment on May 6, 2017. Defeasance of the full $195.219 million 211 Main Street Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the final securitization that includes the last note to be securitized and (ii) May 6, 2020. The borrower is also permitted to prepay the 211 Main Street Whole Loan in whole or in part at any time during the term of the loan with the payment of a yield maintenance premium, if such prepayment occurs prior to the open period. The assumed lockout period of 26 months for a defeasance of the 211 Main Street Whole Loan is based on the expected JPMCC 2017-JP6 securitization closing date in June 2017. The actual lockout period may be longer. The related whole loan documents provide that any prepayment of the 211 Main Street Whole Loan is required to be applied by the lender first to the reduction of the outstanding principal balance of each of the senior component notes on a pro rata and pari passu basis, until the balance of such notes has been reduced to zero, and then to the reduction of the related subordinate companion loans.

 

With respect to Loan No. 14, Apex Fort Washington, the lockout period is required to be at least 27 payments beginning with and including the first payment on April 6, 2017. Defeasance of the full $54.5 million Apex Fort Washington Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the final securitization that includes the last note to be securitized and (ii) April 6, 2021. The assumed lockout period of 27 months is based on the expected JPMCC 2017-JP6 securitization closing date in June 2017. The actual lockout period may be longer.

 

(13)With respect to some mortgage loans, historical financial information may not be available due to when the properties were constructed, renovated and/or acquired.

 

With respect to Loan No. 2, 211 Main Street, the borrower’s Most Recent NOI ($) financial information is as of year-end 2016.

 

With respect to Loan No. 4, 740 Madison, limited historical financial information is available as the mortgaged property underwent a major renovation that was completed in January 2017.

 

With respect to Loan No. 8, Marriott Colorado Springs, Most Recent Revenues ($), Most Recent Total Expenses ($) and Most Recent NOI ($) are not available due to the timing of the acquisition of the mortgaged property.

 

With respect to Loan No. 10, Raytheon – 16800 Centretech, the mortgaged property was acquired in December 2014 and historical financial information is not available.

 

With respect to Loan No. 14, Apex Fort Washington, the mortgaged property was acquired in January 2015 and historical financial information is not available.

 

With respect to Loan No. 15, Moffett Gateway, limited historical financial information is available as the mortgaged property was constructed in 2016.

 

With respect to Loan No. 16, Walgreens / Rite Aid / Eckerd Portfolio, the Most Recent NOI ($) financial information is as of year-end 2016.

 

A-1-17

 

 

With respect to Loan No. 20, Home Depot – Bridgeport, the mortgaged property was acquired by the borrower in December 2016 in a sale-leaseback transaction and historical financial information is not available.

 

With respect to Loan No. 21, Romulus Airport Park, the loan sponsor acquired the mortgaged property in December 2015 and historical financial information prior to 2015 is not available.

 

With respect to Loan No. 26, Atrium Office, Most Recent NOI ($) financial information is based on the trailing 12 months ending September 30, 2016.

 

With respect to Loan No. 27, Quail Creek, the mortgaged property was acquired in October 2015 and 2014 historical financial information is not available.

 

With respect to Loan No. 28, Holiday Inn Express – Augusta, the mortgaged property was opened in March 2014 and full year 2014 financial information is not available.

 

With respect to Loan No. 32, Pangea 16, the mortgaged properties were purchased via several transactions between 2013 and 2016, and recently renovated in 2016. As a result, full year 2014, 2015 and 2016 financial information is not available.

 

With respect to Loan No. 34, 1201 Oak Lawn, the sponsor did not provide historical financials due to the fact that the loan was an acquisition loan and the previous owner historically occupied 100% of the mortgaged property.

 

(14)With respect to all hotel properties, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.

 

(15)“The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.

 

With respect to Loan No. 15, Moffett Gateway, UW NOI DSCR and UW NCF DSCR were calculated based on the sum of the first 12 payments after the expiration of the interest-only period as set forth in the assumed principal payment schedule set forth on Annex F to the Preliminary Prospectus.

 

With respect to Loan No. 40, NW Florida Apartment Portfolio, UW NOI DSCR and UW NCF DSCR were calculated using the sum of principal and interest payments over the first 12 payments allocable to the mortgage loan following the Cut-off Date as set forth in the assumed principal payment schedule set forth on Annex G to the Preliminary Prospectus.

 

(16)Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.

 

With respect to Loan No. 2, 211 Main Street, the nonrecourse carve-out guarantor delivered a guaranty for certain outstanding tenant improvements and leasing commissions obligations related to the sole tenant, Charles Schwab, in lieu of a cash reserve. The guaranty is capped at $12,191,209, which is required to be decreased on a dollar-for-dollar basis by any amounts on deposit in the excess cash flow reserve account as of the date of determination (provided that during the continuance of an event of default, the date of determination is required to be the date that is immediately prior to the event of default).

 

A-1-18

 

 

With respect to Loan No. 4, 740 Madison, the Upfront Debt Service Reserve ($) consists of a $5,190,000 reserve for debt service payments on the 740 Madison Whole Loan from the origination date through and including October 31, 2018. The Largest Tenant, Bottega Veneta, is the sole tenant at the property and has an approximately 21-month free rent period under its lease through October 2018. The Upfront Other Reserve ($) consists of a $2,000,000 reserve for rent credits that are due to Bottega Veneta following the expiration of the free rent period. The lease requires that the rent credits be applied beginning on the first rent payment date following the free rent period, and the related reserve is required to be disbursed in $100,000 increments to the tenant on a monthly basis beginning November 2018 through June 2020. In addition, in the event the rating of the guarantor under the lease for Bottega Veneta is downgraded below investment grade (i.e., below “Baa3” for Moody’s, “BBB-” for S&P and “BBB-” for Fitch), the borrower is required to deposit within five business days of such downgrade additional funds equal to all free rent or rent credits remaining under the lease.

 

With respect to Loan No. 12, Wellington Marketplace, the borrower was required to deposit a $500,000 upfront Rocky’s Ace Hardware renewal reserve. Upon the renewal of Rocky’s Ace Hardware’s lease, $150,000 of the reserve is required to be deposited into the general tenant improvements and leasing commissions reserve account for future re-tenanting costs and the remaining balance of the reserve is required to be returned to the borrower after payment of any tenant improvements and leasing commissions costs associated with the Rocky’s Ace Hardware renewal.

 

With respect to Loan No. 35, Chancellor Square Orlando, the borrower was required at origination to deposit $231,537 for an occupancy reserve for Oasis Pharmacy East, Inc. The tenant is in possession but is not yet operating in the space. The lender will retain the occupancy reserve as additional collateral for the loan if the occupancy reserve release conditions set forth in the loan documents have not been satisfied on or before March 17, 2018.

 

(17)Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents.

 

With respect to Loan No. 1, 245 Park Avenue, the deposits for the Monthly TI/LC Reserve ($) are required to commence on May 1, 2025 in the amount of $446,775. In addition, the loan documents require that the borrower deposit all sums payable to the borrower with respect to any modification or action taken under any lease, any settlement of claims related to a lease, any lease termination or contraction penalties or lease buy-out or surrender payment, holdover rents and occupancy and use fees from any current or former tenants. The borrower is permitted to deliver a letter of credit in accordance with the loan documents in lieu of any cash reserve.

 

With respect to Loan No. 2, 211 Main Street, the Monthly RE Tax Reserve ($), Monthly Ins. Reserve ($), Monthly Capex Reserve ($) and Monthly TI/LC Reserve ($) are waived to the extent (i) no event of default has occurred and (ii) the debt yield (as calculated in the loan documents) equals or exceeds (A) 4.5% for any date of determination prior to June 30, 2018, or (B) 7.0% for any date of determination on or after July 1, 2018.

 

A-1-19

 

 

With respect to Loan No. 3, Browning Place, on each payment date after the amount on deposit in the Monthly TI/LC Reserve ($) falls below the TI/LC Reserve Cap ($) of $1,991,862 (without giving effect to any termination fees deposited in the reserve), the borrower is required to deposit $55,330 into the Monthly TI/LC Reserve ($). In addition, the lender is required to release $250,000 (or such lesser amount to the extent that funds have been previously disbursed) from the Monthly TI/LC Reserve ($) at such time that the following conditions have been satisfied: (i) the 3rd Largest Tenant, NTT Data Consulting, Inc., renews its lease through an expiration date of no earlier than November 30, 2019 on terms and conditions acceptable to the lender in accordance with the loan documents and (ii) the borrower delivers evidence satisfactory to the lender that all tenant improvements and leasing commissions costs have been paid and are less than $250,000.

 

With respect to Loan No. 4, 740 Madison, the borrower is required to make monthly deposits into the Monthly RE Tax Reserve ($) and Monthly Ins. Reserve ($) commencing on November 1, 2018 provided that such deposits are waived if (i) with respect to the Monthly RE Tax Reserve ($), (a) no cash sweep event has occurred and is continuing and (b) the lender receives reasonably satisfactory evidence that the taxes are paid by the borrower no later than the date that is 10 days prior to the date such taxes would be delinquent, and (ii) with respect to the Monthly Ins. Reserve ($) (a) no event of default has occurred and is continuing, and (b) the borrower provides satisfactory evidence that either (x) the property is insured under a blanket insurance policy in accordance with the loan documents or (y) the property is insured in accordance with the loan documents by one or more insurance policies provided by Bottega Veneta.

 

With respect to Loan No. 6, Bingham Office Center, the loan documents provide that, during a cash sweep event caused by the borrower failing, 12 months prior to the expiration of the lease of the Largest Tenant, Comcast, to either (i) renew 100% of the space demised by Comcast as of the origination date in accordance with the loan documents or (ii) renew at least 50% of the space demised to Comcast in accordance with the loan documents, provided that the debt service coverage ratio is greater than 1.25x based on the trailing three-month period, all excess cash flow after debt service, required reserves and operating expenses, together with any termination deposits received in connection with the Comcast lease, are required to be deposited into the Monthly TI/LC Reserve ($).

 

With respect to Loan No. 7, 2950 North Hollywood Way, the loan documents provide that during a cash sweep period caused by (i) following its initial occupancy, the Largest Tenant, Entertainment Partners, going dark, vacating or abandoning more than 50% of its space for a period of 120 consecutive days (except in connection with a casualty or condemnation if the borrower is undertaking a restoration of the mortgaged property in accordance with the loan documents) or a bankruptcy or insolvency action of Entertainment Partners, or (ii) after April 1, 2018, the debt service coverage ratio (as calculated in the loan documents) based on the trailing three-month period falling below 1.10x, all excess cash flow after debt service, required reserves and operating expenses are required to be deposited into the Monthly TI/LC Reserve ($).

 

With respect to Loan No. 8, Marriott Colorado Springs, the borrower is required to deposit into the Monthly Capex Reserve ($), on a monthly basis to fund the cost of replacements, an amount equal to the sum of (i) (a) for the period commencing on the January 31, 2017 through and including the payment date of January 1, 2018, 3.0% of gross income from operations for the month that is two calendar months prior to the date on which the borrower is required make such deposit, (b) for the period commencing on February 1, 2018 and continuing through and including the payment date of January 1, 2019, 4.0% of gross income from operations for the month that is two calendar months prior to the date on which the borrower is required make such deposit and (c) thereafter, 5.0% of gross income from operations for the month that is two calendar months prior to the date on which the borrower is required make such deposit and (ii) any amounts required to complete all work described in any property improvement plan required by franchisor.

 

A-1-20

 

 

With respect to Loan No. 10, Raytheon – 16800 Centretech, the Monthly RE Tax Reserve ($), Monthly Ins. Reserve ($) and Monthly Capex Reserve ($) are waived until the occurrence of certain events set forth in the loan documents. The Monthly RE Tax Reserve ($) will commence upon the occurrence of any of the following: (i) an event of default, (ii) the sole tenant failing to timely direct tax payment to the taxing authority, (iii) the lender failing to receive satisfactory evidence that the tax has been paid timely or (iv) on or prior to the monthly payment date occurring in August 2025, the sole tenant not having extended or renewed its lease for a term not less than five years beyond its scheduled expiration date of September 30, 2026. Monthly Ins. Reserve ($) will commence upon the occurrence of any of the following: (i) an event of default, (ii) the sole tenant failing to maintain insurance pursuant the lease, (iii) the lender failing to receive satisfactory evidence that the insurance payments have been paid timely or (iv) on or prior to the monthly payment date occurring in August 2025, the sole tenant not having extended or renewed its lease for a term not less than five years beyond its scheduled expiration date of September 30, 2026. The Monthly Capex Reserve ($) will commence upon the occurrence of any of the following: (i) an event of default, (ii) the sole tenant fails to maintain the entire property in good condition and repair or (iii) on or prior to the monthly payment date occurring in August 2025, the sole tenant has not extended or renewed its lease for a term not less than five years beyond its scheduled expiration date of September 30, 2026.

 

With respect to Loan No. 11, Humblewood Center, the borrower is required to deposit any lease termination fees into the Monthly TI/LC Reserve ($). In addition, on the date (if any) that the escrow agent under the escrow agreement signed at origination of the loan in connection with the acquisition of the mortgaged property releases funds in the amount of $300,000 related to certain vacant space at the mortgaged property, the borrower is required to deposit such amount into the Monthly TI/LC Reserve ($).

 

With respect to Loan No. 17, Fireside Self Storage Portfolio, the loan documents provide that the borrowers are required to deposit $672 monthly into a Castleton Access Maintenance Reserve, which amount will increase by 3% each November during the term of the loan.

 

With respect to Loan No. 19, Modesto Springhill Suites, the borrower is required to deposit into the Monthly Capex Reserve ($) (i) an amount equal to the greater of (a) the aggregate amount of all deposits for replacements required to be deposited pursuant to any franchise or management agreement and (b) 4.0% of gross income from operations for the calendar month that is two calendar months prior to the applicable payment date and (ii) commencing on January 1, 2026 and on each payment date thereafter, an amount equal to $32,600. To the extent no event of default exists, the loan documents provide that the borrower will receive a credit against each monthly deposit on a dollar for dollar basis to the extent borrower makes deposits into a reserve maintained with franchisor in an eligible account on a monthly basis for replacements and to the extent that such franchise agreement will require franchisor to maintain such reserve for replacements.

 

With respect to Loan No. 21, Romulus Airport Park, the Monthly RE Tax Reserve ($) and Monthly Ins. Reserve ($) are waived until the occurrence of certain events set forth in the loan documents. The Monthly RE Tax Reserve ($) is required to commence upon the occurrence of either of the following: (i) the initially-named guarantor is no longer the guarantor set forth in the loan documents or (ii) an event of default. The borrower is also required to make an initial condominium reserve deposit with the lender upon the occurrence of an event of default in an amount equal to one-quarter of an amount which would be sufficient to pay the assessments payable (or estimated to be payable) during the ensuing 12 months. In addition, following the deposit of the initial condominium reserve deposit, if the amount in the condominium reserve account ever falls below the initial condominium reserve deposit, the borrower will thereafter be required to make monthly payments to the lender of 1/12 of an amount sufficient to pay the assessments payable (or estimated to be payable) during the ensuing 12 months.

 

A-1-21

 

 

With respect to Loan No. 25, Elk Grove Hampton Inn, the related borrower is required to deposit into the Monthly Capex Reserve ($) (a) an amount equal to the greater of (i) the aggregate amount of all deposits for replacements required to be deposited pursuant to any franchise or management agreement and (ii) 4.0% of gross income from operations for the two calendar months prior to the applicable payment date and (b) commencing on January 1, 2026 and on each payment date thereafter, an amount equal to $33,500. To the extent no event of default exists, the loan documents provide that the borrower will receive a credit against each monthly deposit on a dollar for dollar basis to the extent the borrower makes deposits into a reserve maintained with the franchisor in an eligible account on a monthly basis for replacements and to the extent that such franchise agreement will require the franchisor to maintain such reserve for replacements.

 

With respect to Loan No. 26, Atrium Office, the Monthly Other Reserve ($) consists of a significant tenant reserve, which requires monthly deposits up to and including the payment date in January 2019 in an amount equal to the difference between the actual interest-only debt service payments payable under the mortgage loan and an assumed debt service payment based on a 360-month amortization.

 

With respect to Loan No. 28, Holiday Inn Express – Augusta, the borrower deposited $250,000 into the Upfront Capex Reserve ($) and is required to deposit 1/12 of 5% of gross revenues at the mortgaged property into the Monthly Capex Reserve ($). On October 1, 2022, the borrower is required to deposit into the Monthly Capex Reserve ($) an amount that, together with funds then on deposit in the Monthly Capex Reserve ($) and PIP Reserve, will be equal to $1,463,000. If the borrower fails to deposit such amounts, the Monthly Capex Reserve ($) is required to be increased for the following 18 payments by an amount equal to the quotient resulting from (i) the difference between $1,463,000 less the balance then on deposit in the Monthly Capex Reserve ($) and the PIP Reserve divided by (ii) 18.

 

With respect to Loan No. 30, 106th South Office Building, the borrower deposited $365,000 into the Upfront TI/LC Reserve ($) at origination. In the event that funds fall below the TI/LC Reserve Cap ($), the borrower is required to make monthly deposits into the Monthly TI/LC Reserve ($) equal to (i) the difference between the actual interest-only debt service payments and an assumed debt service payment (based on a 360-month amortization schedule) up to and including the payment date in April 2020, and (ii) $5,641 per month thereafter subject to the TI/LC Reserve Cap ($).

 

With respect to Loan No. 31, Barrington Town Center, the borrowers deposited $500,000 into the Upfront TI/LC Reserve ($) at origination. In the event that funds fall below the TI/LC Reserve Cap ($), the borrowers are required to make monthly deposits into the Monthly TI/LC Reserve ($) equal to $9,386 per month, subject to the TI/LC Reserve Cap ($). Notwithstanding the foregoing, upon (a)(i) the lender’s receipt of satisfactory evidence that Cinemark has extended or renewed its lease through at least March 31, 2026, or any tenant that becomes the lessee of the space currently leased by Cinemark has a lease term that expires no earlier than such date, or (ii) partial defeasance of the Cinemark parcel and (b) all outstanding landlord obligations having been satisfied, so long as no trigger event (as defined in the related loan documents) then exists under the mortgage loan, (x) any funds held in the Monthly TI/LC Reserve ($) in excess of $400,000 will be released to the borrowers and (y) the TI/LC Reserve Cap ($) will be reduced to $400,000.

 

With respect to Loan No. 35, Chancellor Square Orlando, the borrower is required to deposit an amount equal to $20,306 on each monthly payment date for tenant improvements and leasing commissions for Quest Diagnostics Clinical Laboratories during the period commencing upon the date which is one year prior to the expiration of Quest Diagnostics Clinical Laboratories and expiring upon the earlier of (i) the specified tenant deposit termination described in the loan documents or (ii) 12 months following the commencement of such period.

 

A-1-22

 

 

With respect to Loan No. 41, Airport Center Warehouses, the borrower was required at origination to fund a $100,000 joint tenant improvements and leasing commissions and replacements reserve. Upon the balance in the tenant improvements and leasing commissions and replacements reserve falling below $100,000, the borrower is required to deposit $2,117 monthly into the tenant improvements and leasing commissions and replacements reserve. The tenant improvements and leasing commissions and replacements reserve is capped at $100,000. For presentation purposes, the tenant improvements and leasing commissions and replacements reserve is shown in the Upfront TI/LC Reserve ($) and Monthly TI/LC Reserve ($) fields and the related cap is shown in the TI/LC Reserve Cap ($).

 

(18)Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

 

With respect to Loan No. 3, Browning Place, the borrower is required to deposit any lease termination fees received regardless of whether the amount in the Monthly TI/LC Reserve ($) is equal to or exceeds the TI/LC Reserve Cap ($).

 

With respect to Loan No. 11, Humblewood Center, the TI/LC Reserve Cap ($) is required to be reduced to $375,000 after, among other conditions, a tenant approved by the lender has accepted the vacant space of 11,569 square feet at the mortgaged property and is paying full contractual rent.

 

(19)With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property.

 

(20)In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

 

With respect to Loan No. 1, 245 Park Avenue, the leased area for the 2nd Largest Tenant, JPMCB, includes 17,813 contractual square feet of retail space leased at the mortgaged property.

 

With respect to Loan No. 3, Browning Place, the 3rd Largest Tenant, NTT Data Consulting, Inc., leases 13,636 square feet through March 31, 2018, in addition to 48,408 square feet through November 30, 2019.

 

With respect to Loan No. 18, Island View Crossing, the Largest Tenant, Lenox Corporation, leases 96,927 square feet through April 1, 2025, in addition to 4,000 square feet of storage space expiring on April 30, 2025.

 

With respect to Loan No. 21, Romulus Airport Park, the 5th Largest Tenant, U.S. Quality, Inc., leases 23,707 square feet through January 2019, in addition to 11,337 square feet expiring in November 2018.

 

(21)The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

 

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With respect to Loan No. 1, 245 Park Avenue, the Largest Tenant, Société Générale, subleases 36,425 contractual square feet to Brunswick Group and 36,425 contractual square feet to MIO Partners. The 2nd Largest Tenant, JPMCB, subleases 562,347 contractual square feet to Société Générale through October 31, 2022. In addition, JPMCB also subleases 90,556 contractual square feet to Houlihan Lokey Inc., 49,133 contractual square feet to The Nemec Agency, 34,058 contractual square feet to Pierpont Capital Holdings LLC and 15,939 contractual square feet to JLL. The square footage for JPMCB does not include the space subleased to Société Générale, and the terms shown for Société Générale are based on JPMCB’s prime lease. The 3rd Largest Tenant, MLB, subleases 37,385 contractual square feet to the National Bank of Australia, 24,840 contractual square feet to Houlihan Lokey Inc. and 10,525 contractual square feet to Anthos USA Inc. MLB has announced that it plans to vacate its space at the end of its lease term in October 2022 and that it has executed a lease at another location and intends to move in to such location in 2019. If MLB does not renew its lease 12 months before its lease expiration date or if MLB vacates or abandons all or substantially all of its premises, a cash sweep event will occur.

 

With respect to Loan No. 1, 245 Park Avenue, the Largest Tenant, Société Générale, has the right to terminate either the highest full floor leased to the tenant or the highest two full floors (if such floors are contiguous) under either the related sublease described above or under its direct lease with the borrower, with notice by May 1, 2021.

 

With respect to Loan No. 3, Browning Place, four tenants at the mortgaged property, comprising approximately 12.2% of the net rentable area and 15.4% of underwritten rents, are affiliated with the sponsor. Each of such affiliated tenants has the right either to terminate its lease at any time or to terminate its lease if there is a change of ownership of the building. Additionally, the 2nd Largest Tenant, Telvista, Inc., has the right to terminate its lease as of April 30, 2019 with notice by April 30, 2018 and the payment of a termination fee. In addition, the 5th Largest Tenant, the GSA, has the right to terminate its lease at any time with 90 days’ notice.

 

With respect to Loan No. 5, Diamond Hill Denver, the 3rd Largest Tenant, Wright Water Engineers, occupies two spaces at the property consisting of 12,750 square feet and 357 square feet. With respect to the 357 square foot occupied space, the lease may be terminated by the landlord or the tenant at any point in time with 30 days’ written notice. Additionally, the 4th Largest Tenant, Concentra Medical Centers, occupies 381 square feet (out of a total of 12,642 square feet) on a month-to-month basis.

 

With respect to Loan No. 6, Bingham Office Center, the 3rd Largest Tenant, United Physicians Inc., has the right to terminate its lease at any time after March 31, 2019 with 12-months’ notice and the payment of a termination fee. In addition, the 4th Largest Tenant, Jacobs Engineering Group, Inc., has the right to terminate its lease at any time after July 31, 2019 but prior to October 31, 2020, with nine-months’ notice and the payment of a termination fee.

 

With respect to Loan No. 11, Humblewood Center, the 4th Largest Tenant, Skechers, has the right to terminate its lease if, within 60 days following August 31, 2021, the tenant delivers a written statement showing the tenant’s aggregate gross sales for September 2020 through August 2021 were less than $1,500,000, such termination to be effective as of February 28, 2022.

 

With respect to Loan No. 14, Apex Fort Washington, the 4th Largest Tenant, AstraZeneca Pharmaceuticals, has the right to terminate its lease effective August 2021 with nine-months’ notice (November 2020) and a payment of a termination fee of $734,526. AstraZeneca Pharmaceuticals has ceased to operate at the Mortgaged Property, but continues to pay rent.

 

With respect to Loan No. 21, Romulus Airport Park, the 3rd Largest Tenant, UPS Supply Chain Solutions, has the right to terminate its lease at any time with 30 days’ written notice.

 

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With respect to Loan No. 26, Atrium Office, the 5th Largest Tenant, Lockheed Martin Corporation, has the one-time right to terminate its lease effective December 31, 2018 with 120 days’ prior written notice and payment of an early termination fee equal to the total unamortized sum of landlord’s work, the abated rent and leasing commissions.

 

With respect to Loan No. 31, Barrington Town Center, the Largest Tenant, Cinemark, has the one-time right to terminate its lease in the event that (i) it fails to meet its sales target of $1.8 million and (ii) another movie theater opens within a seven-mile radius.

 

With respect to Loan No. 37, Rio Bravo Square, the 5th Largest Tenant, New Mexico Motor Vehicle Department, has the right to terminate its lease with 90 days’ written notice upon the occurrence of any of the following events: (i) the New Mexico Legislature fails to grant sufficient authority and appropriations to the tenant to carry out the terms and conditions of the lease, (ii) the Governor of New Mexico, pursuant to Executive Order, or the New Mexico Legislature, pursuant to statute, eliminates or transfers employees or functions of the tenant or (iii) the State of New Mexico builds a new building, purchases or otherwise acquires an existing building and includes space in such new or existing building for the tenant.

 

With respect to Loan No. 37, Rio Bravo Square, the Largest Tenant, dd’s Discounts, has the right to terminate its lease through July 2018 if the tenant’s gross sales during the third full lease year do not exceed $6,500,000.

 

With respect to Loan No. 41, Airport Center Warehouses, the 2nd Largest Tenant, Ramon Ortiz, has the ongoing right to terminate its lease with 60 days’ prior written notice.

 

(22)In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes.

 

With respect to Loan No. 2, 211 Main Street, the aggregate liability of the Principal / Carveout Guarantor with respect to all full recourse carveouts in the loan documents may not exceed an amount equal to 15.0% of the principal balance of the 211 Main Street Whole Loan outstanding at the time of the occurrence of such event, plus any and all reasonable third-party collection costs actually incurred by the lender (including reasonable attorneys’ fees and costs reasonably incurred). In addition, the Principal / Carveout Guarantor is not a party to the environmental indemnity, and the borrower is the sole party liable for any breaches or violations of the indemnity. The borrower was required to obtain an environmental insurance policy in accordance with the loan documents at origination.

 

With respect to Loan No. 15, Moffett Gateway, the borrower is permitted to obtain the release of Joseph K. Paul and Jay Paul Revocable Living Trust Dated November 9, 1999, as Amended and Restated on March 19, 2010, on certain terms and conditions in the loan documents, which include, without limitation (i) no event of default has occurred and is then continuing, (ii) such release is permitted by then applicable REMIC requirements and (iii) Paul Guarantor LLC has a net worth of not less than $300,000,000 and liquidity of not less than $20,000,000.

 

(23)The classification of the lockbox and cash management types is described in the preliminary prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.

 

With respect to Loan No. 2, 211 Main Street, the borrower may prepay a portion of the 211 Main Street Whole Loan in an amount necessary to achieve the required debt yield for purposes curing a cash sweep period caused by a low debt yield.

 

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With respect to Loan No. 4, 740 Madison, upon the earlier to occur of (i) September 1, 2018 and (ii) 10 business days following the occurrence of a cash sweep event (the “Lockbox Account Opening Date”), the borrower will be required to establish and maintain the lender controlled lockbox account. Given the Largest Tenant, Bottega Veneta, has a free rent period through October 31, 2018, the terms of the loan documents provide that a hard lockbox is required to be in-place prior to the rent commencement date of Bottega Veneta’s lease at the mortgaged property. On or prior to the Lockbox Account Opening Date the borrower will be required to send tenant direction letters instructing all tenants to deposit all rents and payments directly into the lender controlled lockbox account. All funds in the lockbox account will be required to be swept each business day into the borrower’s operating account, unless a cash sweep event has occurred and is continuing, in which case such funds are required to be swept each business day into a lender controlled cash management account and disbursed on each payment date in accordance with the loan documents. Upon the occurrence and during the continuance of a cash sweep event, all funds deposited in the cash management account after payment of debt service, required reserves and budgeted operating expenses are required to be deposited into the excess cash flow subaccount and held as additional security for the loan. The lender has been granted a first priority security interest in the cash management account.

 

With respect to Loan Nos. 19 and 25, Modesto Springhill Suites and Elk Grove Hampton Inn, respectively, if the amount on deposit in the excess cash flow account (after the application or disbursement of amounts pursuant to the related mortgage loan documents) equals or exceeds the amount that if applied to prepay a portion of the outstanding principal balance of the related mortgage loan in accordance with the mortgage loan documents, would result in a debt service coverage ratio that equals or exceeds 1.40x based on the trailing 12 months immediately proceeding the payment date, then a cash sweep event caused by the debt service coverage ratio trigger event will be deemed to be cured.

 

(24)Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

 

(25)With respect to Loan Nos. 2 and 4, 211 Main Street and 740 Madison, respectively, the related whole loans will initially be serviced by the master servicer and the special servicer pursuant to the pooling and servicing agreement for this transaction. From and after the date on which the related lead servicing companion loan is securitized, it is anticipated that the related whole loans will be serviced under and by the master servicer and special servicer designated in the related pooling and servicing agreement entered into in connection with the related securitization.

 

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