FWP 1 n1160_anxa1-x7.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-13
     

 

 

 

 

 
 

 

Free Writing Prospectus dated February 6, 2018

 

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 (800) 408-1016 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 Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.

 

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in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

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

 

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

 

 
 

 

 

 

 

 

 

 

ANNEX A-1

                   
                Number of Property  
Loan # Seller(1) Property Name Street Address City State Zip Code County Properties Type
1 CREFI Central Park of Lisle 4225 Naperville Road & 3333 Warrenville Road Lisle IL 60532 DuPage 1 Office
2 JPMCB Promenade Shops at Aventura 20401 Biscayne Boulevard Aventura FL 33180 Miami-Dade 1 Retail
3 GACC Apple Campus 3 222 North Wolfe Road Sunnyvale CA 94085 Santa Clara 1 Office
4 JPMCB EOS 21 140 South Van Dorn Street Alexandria VA 22304 Alexandria City 1 Multifamily
5 GACC Rochester Hotel Portfolio Various Rochester MN Various Olmsted 4 Hotel
5.01 GACC Rochester Marriott 101 1st Avenue Southwest Rochester MN 55902 Olmsted 1 Hotel
5.02 GACC Kahler Grand 20 2nd Avenue Southwest Rochester MN 55902 Olmsted 1 Hotel
5.03 GACC Kahler Inn & Suites 9 3rd Avenue Northwest Rochester MN 55901 Olmsted 1 Hotel
5.04 GACC Residence Inn Rochester 441 West Center Street Rochester MN 55902 Olmsted 1 Hotel
6 GACC InterContinental San Francisco 888 Howard Street San Francisco CA 94103 San Francisco 1 Hotel
7 GACC Sentinel Square II 1050 First Street Northeast Washington DC 20002 District of Columbia 1 Office
8 CREFI The Woods 4300 The Woods Drive San Jose CA 95136 Santa Clara 1 Multifamily
9 JPMCB 600 Clipper 600 Clipper Drive Belmont CA 94002 San Mateo 1 Office
10 GACC Worldwide Plaza 825 Eighth Avenue New York NY 10019 New York 1 Office
11 CREFI 64 Wooster Street 64 Wooster Street New York NY 10012 New York 1 Mixed Use
12 GACC Hotel Indigo & Austin 810 Red River Street & 805 Neches Street Austin TX 78701 Travis 1 Hotel
13 CREFI Braddock Metro Center 1320-1340 Braddock Place Alexandria VA 22314 Alexandria City 1 Office
14 CREFI BlueLinx Portfolio Various Various Various Various Various 4 Industrial
14.01 CREFI BlueLinx Frederick 4300 Georgia Pacific Boulevard Frederick MD 21704 Frederick 1 Industrial
14.02 CREFI BlueLinx Bellingham 419 Maple Street Bellingham MA 02019 Norfolk 1 Industrial
14.03 CREFI BlueLinx Lawrenceville 200 Hosea Road Lawrenceville GA 30046 Gwinnett 1 Industrial
14.04 CREFI BlueLinx Butner 1712 East D Street Butner NC 27509 Granville 1 Industrial
15 GACC Marina Heights State Farm 300-600 East Rio Salado Parkway Tempe AZ 85281 Maricopa 1 Office
16 CREFI Red Building 750 North San Vicente Boulevard West Hollywood CA 90069 Los Angeles 1 Office
17 JPMCB 599 Broadway 599 Broadway New York NY 10012 New York 1 Retail
18 JPMCB Lehigh Valley Mall 250 Lehigh Valley Mall Whitehall PA 18052 Lehigh 1 Retail
19 JPMCB Atrium Center 300 Boylston Street Chestnut Hill MA 02467 Middlesex 1 Mixed Use
20 GACC Signature Place Condominiums 600 West Grove Parkway Tempe AZ 85283 Maricopa 1 Multifamily
21 JPMCB 90 Hudson 90 Hudson Street Jersey City NJ 07302 Hudson 1 Office
22 JPMCB Marriott Charlotte City Center 100 West Trade Street Charlotte NC 28202 Mecklenburg 1 Hotel
23 GACC Two Harbor Point Square 100 Washington Boulevard Stamford CT 06902 Fairfield 1 Office
24 CREFI One Parkway North Fee One Parkway North Boulevard Deerfield IL 60015 Lake 1 Other
25 CREFI Village Green of Waterford 950 Village Green Lane Waterford MI 48328 Oakland 1 Multifamily
26 GACC Gateway Plaza 25350-25360 Magic Mountain Parkway Santa Clarita CA 91355 Los Angeles 1 Office
27 CREFI 32 East Shopping Center 700 Eastgate Drive South Cincinnati OH 45245 Clermont 1 Retail
28 CREFI Hilton Garden Inn - Atlanta Airport North 3437 Bobby Brown Parkway East Point GA 30344 Fulton 1 Hotel
29 GACC 220 Northwest 8th Avenue 220 Northwest 8th Avenue Portland OR 97209 Multnomah 1 Office
30 GACC Corporate Plaza 6450 & 6480 Rockside Woods Boulevard Independence OH 44131 Cuyahoga 1 Office
31 JPMCB Residence Inn Augusta 1116 Marks Church Road Augusta GA 30909 Richmond 1 Hotel
32 JPMCB Towers at University Town Center 6515 Belcrest Road Hyattsville MD 20782 Prince Georges 1 Multifamily
33 GACC Fairfield Portfolio Various Various NC Various Various 2 Hotel
33.01 GACC Fairfield Inn & Suites - Greensboro 4308 Big Tree Way Greensboro NC 27409 Guilford 1 Hotel
33.02 GACC Fairfield Inn & Suites - High Point 10141 North Main Street Archdale NC 27263 Randolph 1 Hotel
34 GACC Sabre Center II 6001 Broken Sound Parkway Northwest Boca Raton FL 33487 Palm Beach 1 Office
35 JPMCB Beacon - Criterion 100 Clifton Place Jersey City NJ 07304 Hudson 1 Multifamily
36 CREFI Holiday Inn Express New Orleans 334 O’Keefe Avenue New Orleans LA 70112 Orleans 1 Hotel
37 JPMCB Lost Tree Financial Center 11300 US Highway 1 Palm Beach Gardens FL 33408 Palm Beach 1 Office
38 GACC Coral Club Apartments 5909 Fondren Road Houston TX 77036 Harris 1 Multifamily
39 JPMCB Beacon - Hague 88 Clifton Place Jersey City NJ 07304 Hudson 1 Multifamily
40 CREFI Sam’s Club Atlanta 2901 Clairmont Road Atlanta GA 30329 DeKalb 1 Retail
41 CREFI Marshall’s Plaza 1400 Oaklawn Avenue Cranston RI 02920 Providence 1 Retail
42 JPMCB Beacon - Paramount 126 Clifton Place Jersey City NJ 07304 Hudson 1 Multifamily
43 JPMCB Hampton Inn Albuquerque University 2300 Carlisle Boulevard Northeast Albuquerque NM 87110 Bernalillo 1 Hotel
44 GACC 564 6th Street 564 6th Street San Francisco CA 94103 San Francisco 1 Office
45 GACC Homewood Commons 146 Wildwood Parkway Homewood AL 35209 Jefferson 1 Retail
46 JPMCB Beacon - Mercury / Garage 20 Beacon Way and 44 Beacon Place Jersey City NJ 07304 Hudson 1 Multifamily
47 GACC Centre Point Plaza 1229-1271 North Brightleaf Boulevard Smithfield NC 27577 Johnston 1 Retail
48 CREFI Amsdell Georgia Portfolio Various Various GA Various Various 3 Self Storage
48.01 CREFI Compass Self Storage Conyers 1144 Sigman Road Northeast Conyers GA 30012 Rockdale 1 Self Storage
48.02 CREFI McDonough-Henry Self Storage 230 McDonough Parkway McDonough GA 30253 Henry 1 Self Storage
48.03 CREFI American Self Storage Center 3464 Stone Mountain Highway Snellville GA 30078 Gwinnett 1 Self Storage
49 JPMCB Beacon - Orpheum 24 Beacon Way Jersey City NJ 07304 Hudson 1 Multifamily
50 GACC Four Points Nashville Airport 800 Royal Parkway Nashville TN 37214 Davidson 1 Hotel
51 GACC Nelson Duffie Mobile Home Parks Various Various TX Various Various 2 Manufactured Housing
51.01 GACC Riverside Mobile Home Park 7275 State Highway 29 East Georgetown TX 78626 Williamson 1 Manufactured Housing
51.02 GACC Oaks Mobile Home Park 1011 Uhland Road San Marcos TX 78666 Hays 1 Manufactured Housing
52 GACC Steeplechase Plaza 8585 Southwest Highway 200 Ocala FL 34481 Marion 1 Retail
53 JPMCB Beacon - Tower 56 Beacon Place Jersey City NJ 07304 Hudson 1 Multifamily
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area 501 West 1st Street Glenwood Springs CO 81601 Garfield 1 Hotel
55 CREFI 5657 Copley Drive 5657 Copley Drive San Diego CA 92111 San Diego 1 Office
56 CREFI WAG Lawrenceville 2365 Buford Drive Lawrenceville GA 30043 Gwinnett 1 Retail
57 CREFI Rite Aid Johnstown 300 Market Street Johnstown PA 15901 Cambria 1 Retail

 

 A-1-1

 

 

ANNEX A-1

                                   
                            Original   Current  
      Property   Year    Unit of      Occupancy Appraised Appraisal Current Original Balance Current   Balance % of Initial
Loan # Seller(1) Property Name Subtype Year Built Renovated Units(2)  Measure Occupancy %(3) Date Value ($)(4) Date LTV %(4) Balance ($)(5)(6) per Unit ($) Balance ($)(5)(6) per Unit ($) Pool Balance
1 CREFI Central Park of Lisle Suburban 1991, 2001 2015 693,606 Square Feet 84.2% 10/18/17 135,000,000 11/03/17 58.9% 79,500,000 115 79,500,000 115 5.3%
2 JPMCB Promenade Shops at Aventura Anchored 1989   291,834 Square Feet 99.2% 12/08/17 108,250,000 12/01/17 64.7% 70,000,000 240 70,000,000 240 4.6%
3 GACC Apple Campus 3 Suburban 2017   882,657 Square Feet 100.0% 02/06/18 773,600,000 06/01/19 44.0% 68,000,000 385 68,000,000 385 4.5%
4 JPMCB EOS 21 Mid-Rise 1963, 1967 2012 1,180 Units 97.3% 09/30/17 231,400,000 11/21/17 64.8% 60,000,000 127,119 60,000,000 127,119 4.0%
5 GACC Rochester Hotel Portfolio Various Various Various 1,222 Rooms 58.4% 10/31/17 210,000,000 11/01/17 66.7% 60,000,000 114,566 60,000,000 114,566 4.0%
5.01 GACC Rochester Marriott Full Service 1989 2016 202 Rooms 71.0% 10/31/17 71,000,000 11/01/17   22,821,429   22,821,429   1.5%
5.02 GACC Kahler Grand Full Service 1926-1968 2010 660 Rooms 49.4% 10/31/17 83,000,000 11/01/17   21,642,857   21,642,857   1.4%
5.03 GACC Kahler Inn & Suites Select Service 1971, 1979, 1988 2010 271 Rooms 65.9% 10/31/17 35,000,000 11/01/17   9,107,143   9,107,143   0.6%
5.04 GACC Residence Inn Rochester Extended Stay 2004 2013 89 Rooms 73.6% 10/31/17 21,000,000 11/01/17   6,428,571   6,428,571   0.4%
6 GACC InterContinental San Francisco Full Service 2008 2017-2018 550 Rooms 87.0% 10/31/17 261,900,000 07/17/17 41.9% 60,000,000 200,000 59,922,671 199,742 4.0%
7 GACC Sentinel Square II CBD 2017   280,363 Square Feet 94.1% 12/31/17 172,000,000 04/01/19 59.7% 57,660,000 366 57,660,000 366 3.8%
8 CREFI The Woods Garden 1981-2003 2017 1,841 Units 94.7% 10/01/17 675,500,000 10/10/17 29.6% 57,500,000 108,637 57,500,000 108,637 3.8%
9 JPMCB 600 Clipper Suburban 1995, 2000 2017 158,596 Square Feet 100.0% 02/01/18 94,020,000 11/13/17 57.8% 54,300,000 342 54,300,000 342 3.6%
10 GACC Worldwide Plaza CBD 1987 1996 2,049,553 Square Feet 98.4% 06/30/17 1,740,000,000 10/01/17 35.4% 50,000,000 301 50,000,000 301 3.3%
11 CREFI 64 Wooster Street Office/Retail 1900 2014 55,500 Square Feet 100.0% 12/13/17 80,000,000 11/01/17 60.0% 48,000,000 865 48,000,000 865 3.2%
12 GACC Hotel Indigo & Austin Select Service 2016   305 Rooms 64.2% 10/31/17 66,000,000 04/25/18 68.2% 45,000,000 147,541 45,000,000 147,541 3.0%
13 CREFI Braddock Metro Center Suburban 1986   315,589 Square Feet 92.4% 11/01/17 111,140,000 11/03/17 66.8% 44,200,000 235 44,200,000 235 2.9%
14 CREFI BlueLinx Portfolio Warehouse/Distribution Various Various 2,307,835 Square Feet 100.0% 02/06/18 111,450,000 Various 64.2% 42,900,000 31 42,900,000 31 2.8%
14.01 CREFI BlueLinx Frederick Warehouse/Distribution 1996   680,252 Square Feet 100.0% 02/06/18 38,000,000 12/21/17   14,820,000   14,820,000   1.0%
14.02 CREFI BlueLinx Bellingham Warehouse/Distribution 1988 2006 489,950 Square Feet 100.0% 02/06/18 36,900,000 12/20/17   13,991,250   13,991,250   0.9%
14.03 CREFI BlueLinx Lawrenceville Warehouse/Distribution 1996   585,637 Square Feet 100.0% 02/06/18 22,400,000 12/21/17   8,580,000   8,580,000   0.6%
14.04 CREFI BlueLinx Butner Warehouse/Distribution 1996   551,996 Square Feet 100.0% 02/06/18 14,150,000 12/20/17   5,508,750   5,508,750   0.4%
15 GACC Marina Heights State Farm Suburban 2015-2017   2,031,293 Square Feet 99.5% 12/07/17 960,000,000 11/20/17 58.3% 41,000,000 276 41,000,000 276 2.7%
16 CREFI Red Building CBD 2013   411,547 Square Feet 74.3% 12/18/17 286,700,000 10/27/17 27.9% 40,000,000 194 40,000,000 194 2.7%
17 JPMCB 599 Broadway Unanchored 1917 2010 42,000 Square Feet 100.0% 02/01/18 150,000,000 12/06/17 50.0% 40,000,000 1,786 40,000,000 1,786 2.7%
18 JPMCB Lehigh Valley Mall Super Regional Mall 1976 2006 545,233 Square Feet 83.9% 10/12/17 445,000,000 09/04/17 44.8% 35,500,000 367 35,355,560 365 2.3%
19 JPMCB Atrium Center Office/Retail 1986 2017 293,120 Square Feet 100.0% 12/01/17 215,000,000 09/08/17 53.5% 35,000,000 392 35,000,000 392 2.3%
20 GACC Signature Place Condominiums Garden 1996 2016 300 Units 95.3% 12/31/17 48,000,000 11/02/17 63.5% 30,500,000 101,667 30,500,000 101,667 2.0%
21 JPMCB 90 Hudson CBD 1999   431,658 Square Feet 97.5% 09/01/17 216,000,000 08/25/17 60.2% 30,000,000 301 30,000,000 301 2.0%
22 JPMCB Marriott Charlotte City Center Full Service 1984 2016 446 Rooms 73.0% 11/30/17 170,000,000 05/01/17 60.6% 30,000,000 230,942 30,000,000 230,942 2.0%
23 GACC Two Harbor Point Square CBD 2010   140,082 Square Feet 94.3% 09/01/17 80,000,000 10/06/17 61.9% 24,750,000 353 24,750,000 353 1.6%
24 CREFI One Parkway North Fee Leased Fee 1988 2014-2017 257,394 Square Feet NAP NAP 33,000,000 12/05/17 74.2% 24,500,000 95 24,500,000 95 1.6%
25 CREFI Village Green of Waterford Garden 1974 2014 405 Units 96.8% 11/30/17 32,800,000 11/21/19 72.0% 23,600,000 58,272 23,600,000 58,272 1.6%
26 GACC Gateway Plaza Suburban 2006   98,856 Square Feet 91.8% 11/29/17 33,200,000 11/02/17 70.8% 23,500,000 238 23,500,000 238 1.6%
27 CREFI 32 East Shopping Center Anchored 1990 2017 188,912 Square Feet 100.0% 01/01/18 29,500,000 11/25/17 72.9% 21,500,000 114 21,500,000 114 1.4%
28 CREFI Hilton Garden Inn - Atlanta Airport North Full Service 2009 2016 174 Rooms 80.2% 11/30/17 30,000,000 10/09/17 66.6% 20,000,000 114,943 19,967,553 114,756 1.3%
29 GACC 220 Northwest 8th Avenue CBD 1901 2012-2017 66,935 Square Feet 100.0% 02/06/18 30,800,000 01/01/18 63.3% 19,500,000 291 19,500,000 291 1.3%
30 GACC Corporate Plaza Suburban 1989, 1991 2013-2015 228,506 Square Feet 86.4% 12/04/17 24,750,000 10/10/17 72.7% 18,000,000 79 18,000,000 79 1.2%
31 JPMCB Residence Inn Augusta Extended Stay 2015   124 Rooms 79.0% 11/30/17 26,200,000 01/01/18 66.8% 17,500,000 141,129 17,500,000 141,129 1.2%
32 JPMCB Towers at University Town Center Student 2006   910 Beds 99.2% 10/05/17 72,500,000 11/13/17 63.4% 15,000,000 50,549 15,000,000 50,549 1.0%
33 GACC Fairfield Portfolio Limited Service Various Various 172 Rooms 71.8% 09/30/17 22,500,000 11/01/18 64.4% 14,490,000 84,244 14,490,000 84,244 1.0%
33.01 GACC Fairfield Inn & Suites - Greensboro Limited Service 2007 2015 98 Rooms 70.1% 09/30/17 12,800,000 11/01/18   8,680,000   8,680,000   0.6%
33.02 GACC Fairfield Inn & Suites - High Point Limited Service 2004 2012 74 Rooms 74.0% 09/30/17 9,700,000 11/01/18   5,810,000   5,810,000   0.4%
34 GACC Sabre Center II Suburban 1988 2014 103,229 Square Feet 91.5% 11/01/17 18,900,000 11/15/17 71.4% 13,500,000 131 13,500,000 131 0.9%
35 JPMCB Beacon - Criterion High-Rise 1934 2015 271 Units 95.2% 08/30/17 102,700,000 08/15/17 37.0% 13,305,254.90 140,149 13,305,255 140,149 0.9%
36 CREFI Holiday Inn Express New Orleans Limited Service 1999 2014-2015 129 Rooms 72.5% 10/31/17 23,700,000 01/01/19 54.4% 12,900,000 100,000 12,900,000 100,000 0.9%
37 JPMCB Lost Tree Financial Center Suburban 1985 2017 57,167 Square Feet 93.9% 12/14/17 17,200,000 12/08/17 72.7% 12,500,000 219 12,500,000 219 0.8%
38 GACC Coral Club Apartments Garden 1969 2017 220 Units 95.9% 11/07/17 15,720,000 10/27/17 74.8% 11,790,000 53,591 11,762,093 53,464 0.8%
39 JPMCB Beacon - Hague High-Rise 1928 2016 241 Units 93.8% 08/30/17 87,800,000 08/15/17 37.1% 11,420,588.24 135,272 11,420,588 135,272 0.8%
40 CREFI Sam’s Club Atlanta Freestanding 1999   129,562 Square Feet 100.0% 02/06/18 15,500,000 10/03/17 69.9% 10,850,000 84 10,837,837 84 0.7%
41 CREFI Marshall’s Plaza Anchored 1980 1992 129,941 Square Feet 95.4% 12/04/17 15,800,000 12/10/17 68.2% 10,775,000 83 10,775,000 83 0.7%
42 JPMCB Beacon - Paramount High-Rise 1939 2013 231 Units 95.2% 08/30/17 84,000,000 08/15/17 33.0% 9,703,725.49 119,912 9,703,725 119,912 0.6%
43 JPMCB Hampton Inn Albuquerque University Limited Service 1999   126 Rooms 80.9% 10/31/17 13,200,000 06/01/18 71.8% 9,500,000 75,397 9,482,984 75,262 0.6%
44 GACC 564 6th Street CBD 1929 2013 17,500 Square Feet 100.0% 02/06/18 14,300,000 11/17/17 62.9% 9,000,000 514 9,000,000 514 0.6%
45 GACC Homewood Commons Anchored 1995   174,791 Square Feet 91.4% 11/14/17 12,350,000 10/30/17 68.8% 8,500,000 49 8,500,000 49 0.6%
46 JPMCB Beacon - Mercury / Garage High-Rise 1934, 2013 2012 126 Units 94.4% 08/30/17 67,100,000 08/15/17 33.9% 7,968,529.41 180,528 7,968,529 180,528 0.5%
47 GACC Centre Point Plaza Anchored 1989   159,259 Square Feet 98.1% 12/07/17 10,950,000 01/13/17 72.1% 8,000,000 50 7,898,390 50 0.5%
48 CREFI Amsdell Georgia Portfolio Self Storage Various   170,010 Square Feet 80.3% 12/01/17 10,300,000 11/06/17 74.8% 7,700,000 45 7,700,000 45 0.5%
48.01 CREFI Compass Self Storage Conyers Self Storage 1999   39,200 Square Feet 88.8% 12/01/17 4,250,000 11/06/17   3,200,000   3,200,000   0.2%
48.02 CREFI McDonough-Henry Self Storage Self Storage 2002   72,130 Square Feet 77.8% 12/01/17 3,800,000 11/06/17   2,900,000   2,900,000   0.2%
48.03 CREFI American Self Storage Center Self Storage 1985   58,680 Square Feet 77.8% 12/01/17 2,250,000 11/06/17   1,600,000   1,600,000   0.1%
49 JPMCB Beacon - Orpheum High-Rise 1930 2013 158 Units 93.7% 08/30/17 58,800,000 08/15/17 36.0% 7,417,019.61 134,001 7,417,020 134,001 0.5%
50 GACC Four Points Nashville Airport Select Service 1999 2015 101 Rooms 71.4% 09/30/17 12,200,000 08/17/17 58.6% 7,160,000 70,891 7,144,426 70,737 0.5%
51 GACC Nelson Duffie Mobile Home Parks Manufactured Housing Various   174 Pads 95.4% 01/11/17 9,520,000 11/07/17 74.6% 7,100,000 40,805 7,100,000 40,805 0.5%
51.01 GACC Riverside Mobile Home Park Manufactured Housing 1980   113 Pads 95.6% 01/11/17 6,150,000 11/07/17   4,600,000   4,600,000   0.3%
51.02 GACC Oaks Mobile Home Park Manufactured Housing 1989   61 Pads 95.1% 01/11/17 3,370,000 11/07/17   2,500,000   2,500,000   0.2%
52 GACC Steeplechase Plaza Anchored 1993, 2017   95,161 Square Feet 100.0% 11/17/17 10,175,000 10/07/17 68.1% 6,950,000 73 6,933,438 73 0.5%
53 JPMCB Beacon - Tower High-Rise 1930 2014 128 Units 95.3% 08/30/17 40,400,000 08/15/17 36.6% 5,184,882.35 115,629 5,184,882 115,629 0.3%
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area Limited Service 1998   65 Rooms 67.9% 10/31/17 7,150,000 10/01/18 59.7% 4,280,000 65,846 4,271,107 65,709 0.3%
55 CREFI 5657 Copley Drive Suburban 2007   18,434 Square Feet 100.0% 02/06/18 6,950,000 11/29/17 60.0% 4,170,000 226 4,170,000 226 0.3%
56 CREFI WAG Lawrenceville Freestanding 2001   14,490 Square Feet 100.0% 02/06/18 5,500,000 11/29/17 67.5% 3,719,000 257 3,714,840 256 0.2%
57 CREFI Rite Aid Johnstown Freestanding 2016   11,115 Square Feet 100.0% 02/06/18 4,900,000 12/01/17 54.7% 2,678,000 241 2,678,000 241 0.2%

 

 A-1-2

 

 

ANNEX A-1

                             
              Net              
      Crossed Related   Interest   Admin. Mortgage   Monthly Debt Annual Debt   First   Partial IO Partial IO Loan
Loan # Seller(1) Property Name Loan Borrower(7) Rate %(8) Fee %(8) Rate %(8) Accrual Type Service ($)(9)(10) Service ($)(10) Note Date Payment Date Last IO Payment First P&I Payment
1 CREFI Central Park of Lisle No No 4.35360 0.01305 4.34055 Actual/360 292,431.92 3,509,183.04 12/14/17 02/06/18    
2 JPMCB Promenade Shops at Aventura No No 4.66900 0.01305 4.65595 Actual/360 361,743.33 4,340,919.96 01/10/18 03/01/18    
3 GACC Apple Campus 3 No No 3.364978 0.01050 3.35448 Actual/360 193,330.45 2,319,965.40 12/14/17 02/06/18    
4 JPMCB EOS 21 No No 3.88000 0.01805 3.86195 Actual/360 196,694.44 2,360,333.28 11/30/17 01/01/18    
5 GACC Rochester Hotel Portfolio No No 4.74100 0.01305 4.72795 Actual/360 341,759.90 4,101,118.80 11/06/17 12/06/17 11/06/20 12/06/20
5.01 GACC Rochester Marriott                        
5.02 GACC Kahler Grand                        
5.03 GACC Kahler Inn & Suites                        
5.04 GACC Residence Inn Rochester                        
6 GACC InterContinental San Francisco No No 4.14500 0.01305 4.13195 Actual/360 291,487.46 3,497,849.52 12/22/17 02/06/18    
7 GACC Sentinel Square II No No 3.24200 0.01305 3.22895 Actual/360 157,941.68 1,895,300.16 12/29/17 02/06/18    
8 CREFI The Woods No No 2.94050 0.02800 2.91250 Actual/360 142,855.89 1,714,270.68 12/01/17 01/06/18    
9 JPMCB 600 Clipper No No 3.71700 0.01305 3.70395 Actual/360 170,530.28 2,046,363.36 12/28/17 02/01/18    
10 GACC Worldwide Plaza No No 3.6045425532 0.00925 3.59529 Actual/360 152,275.24 1,827,302.88 10/18/17 12/06/17    
11 CREFI 64 Wooster Street No No 4.39000 0.01305 4.37695 Actual/360 178,038.89 2,136,466.68 12/13/17 02/06/18    
12 GACC Hotel Indigo & Austin No No 4.92000 0.01305 4.90695 Actual/360 239,374.36 2,872,492.32 08/01/17 09/01/17 08/01/19 09/01/19
13 CREFI Braddock Metro Center No Yes - Group 1 4.57000 0.01305 4.55695 Actual/360 225,797.04 2,709,564.48 01/19/18 03/06/18 02/06/23 03/06/23
14 CREFI BlueLinx Portfolio No No 4.47000 0.01305 4.45695 Actual/360 162,021.98 1,944,263.76 01/10/18 03/06/18    
14.01 CREFI BlueLinx Frederick                        
14.02 CREFI BlueLinx Bellingham                        
14.03 CREFI BlueLinx Lawrenceville                        
14.04 CREFI BlueLinx Butner                        
15 GACC Marina Heights State Farm No No 3.55950 0.00925 3.55025 Actual/360 123,305.36 1,479,664.32 12/07/17 02/06/18    
16 CREFI Red Building No No 4.385825 0.01305 4.37278 Actual/360 148,224.64 1,778,695.68 12/18/17 02/06/18    
17 JPMCB 599 Broadway No No 4.11800 0.01305 4.10495 Actual/360 139,173.15 1,670,077.80 01/19/18 03/01/18    
18 JPMCB Lehigh Valley Mall No No 4.05600 0.01050 4.04550 Actual/360 170,630.54 2,047,566.48 10/13/17 12/01/17    
19 JPMCB Atrium Center No No 3.90000 0.02050 3.87950 Actual/360 115,329.86 1,383,958.32 12/15/17 02/01/18    
20 GACC Signature Place Condominiums No No 4.45000 0.01305 4.43695 Actual/360 153,634.22 1,843,610.64 12/14/17 02/06/18 01/06/22 02/06/22
21 JPMCB 90 Hudson No No 4.14000 0.01050 4.12950 Actual/360 104,937.50 1,259,250.00 10/17/17 12/01/17    
22 JPMCB Marriott Charlotte City Center No No 4.53000 0.01050 4.51950 Actual/360 114,822.92 1,377,875.04 06/01/17 07/01/17    
23 GACC Two Harbor Point Square No No 4.21690 0.01050 4.20640 Actual/360 121,276.01 1,455,312.12 11/17/17 01/06/18 12/06/22 01/06/23
24 CREFI One Parkway North Fee No Yes - Group 1 4.28200 0.01305 4.26895 Actual/360 88,638.39 1,063,660.68 12/27/17 02/06/18    
25 CREFI Village Green of Waterford No No 5.03000 0.04055 4.98945 Actual/360 127,122.96 1,525,475.52 01/10/18 03/06/18 02/06/21 03/06/21
26 GACC Gateway Plaza No No 4.39000 0.01305 4.37695 Actual/360 117,540.04 1,410,480.48 12/01/17 01/06/18 12/06/22 01/06/23
27 CREFI 32 East Shopping Center No No 4.62000 0.01305 4.60695 Actual/360 110,475.67 1,325,708.04 01/19/18 03/06/18 02/06/19 03/06/19
28 CREFI Hilton Garden Inn - Atlanta Airport North No No 4.71000 0.01305 4.69695 Actual/360 113,563.82 1,362,765.84 12/29/17 02/06/18    
29 GACC 220 Northwest 8th Avenue No No 4.04200 0.01305 4.02895 Actual/360 93,568.76 1,122,825.12 12/01/17 01/06/18 12/06/22 01/06/23
30 GACC Corporate Plaza No No 4.57000 0.02805 4.54195 Actual/360 91,953.55 1,103,442.60 12/15/17 02/06/18 01/06/21 02/06/21
31 JPMCB Residence Inn Augusta No No 5.68400 0.01305 5.67095 Actual/360 101,392.71 1,216,712.52 01/18/18 03/01/18    
32 JPMCB Towers at University Town Center No No 4.77500 0.01305 4.76195 Actual/360 78,473.29 941,679.48 12/18/17 02/01/18 01/01/21 02/01/21
33 GACC Fairfield Portfolio No No 5.684782609 0.01305 5.67173 Actual/360 82,500.05 990,000.59 01/24/18 03/06/18    
33.01 GACC Fairfield Inn & Suites - Greensboro                        
33.02 GACC Fairfield Inn & Suites - High Point                        
34 GACC Sabre Center II No No 4.55000 0.01305 4.53695 Actual/360 68,804.17 825,650.04 12/21/17 02/06/18 01/06/21 02/06/21
35 JPMCB Beacon - Criterion No Yes - Group 2 3.78100 0.00925 3.77175 Actual/360 42,504.90 510,058.80 12/28/17 02/01/18    
36 CREFI Holiday Inn Express New Orleans No No 4.93000 0.01305 4.91695 Actual/360 68,699.17 824,390.04 12/19/17 02/06/18 01/06/20 02/06/20
37 JPMCB Lost Tree Financial Center No No 4.69300 0.06055 4.63245 30/360 64,777.14 777,325.68 01/11/18 03/01/18    
38 GACC Coral Club Apartments No No 4.54000 0.01305 4.52695 Actual/360 60,018.74 720,224.88 11/29/17 01/06/18    
39 JPMCB Beacon - Hague No Yes - Group 2 3.78100 0.00925 3.77175 Actual/360 36,484.15 437,809.80 12/28/17 02/01/18    
40 CREFI Sam’s Club Atlanta No No 4.77000 0.01305 4.75695 Actual/360 56,729.61 680,755.32 12/28/17 02/06/18    
41 CREFI Marshall’s Plaza No No 4.40000 0.01305 4.38695 Actual/360 53,956.99 647,483.88 12/28/17 02/06/18 01/06/21 02/06/21
42 JPMCB Beacon - Paramount No Yes - Group 2 3.78100 0.00925 3.77175 Actual/360 30,999.47 371,993.64 12/28/17 02/01/18    
43 JPMCB Hampton Inn Albuquerque University No Yes - Group 3 5.71000 0.01305 5.69695 Actual/360 55,198.26 662,379.12 11/21/17 01/01/18    
44 GACC 564 6th Street No No 4.44000 0.08055 4.35945 Actual/360 33,762.50 405,150.00 12/15/17 02/06/18    
45 GACC Homewood Commons No No 4.55800 0.04305 4.51495 Actual/360 43,361.68 520,340.16 11/20/17 01/06/18 12/06/20 01/06/21
46 JPMCB Beacon - Mercury / Garage No Yes - Group 2 3.78100 0.00925 3.77175 Actual/360 25,456.22 305,474.64 12/28/17 02/01/18    
47 GACC Centre Point Plaza No No 4.92800 0.01305 4.91495 Actual/360 42,594.39 511,132.68 02/22/17 04/06/17    
48 CREFI Amsdell Georgia Portfolio No No 4.95000 0.06055 4.88945 Actual/360 41,100.29 493,203.48 01/10/18 03/06/18 02/06/21 03/06/21
48.01 CREFI Compass Self Storage Conyers                        
48.02 CREFI McDonough-Henry Self Storage                        
48.03 CREFI American Self Storage Center                        
49 JPMCB Beacon - Orpheum No Yes - Group 2 3.78100 0.00925 3.77175 Actual/360 23,694.37 284,332.44 12/28/17 02/01/18    
50 GACC Four Points Nashville Airport No No 4.91000 0.01305 4.89695 Actual/360 38,043.56 456,522.72 11/13/17 01/06/18    
51 GACC Nelson Duffie Mobile Home Parks No No 4.85000 0.01305 4.83695 Actual/360 37,466.12 449,593.44 01/25/18 03/06/18    
51.01 GACC Riverside Mobile Home Park                        
51.02 GACC Oaks Mobile Home Park                        
52 GACC Steeplechase Plaza No No 4.51000 0.01305 4.49695 Actual/360 35,255.94 423,071.28 11/21/17 01/06/18    
53 JPMCB Beacon - Tower No Yes - Group 2 3.78100 0.00925 3.77175 Actual/360 16,563.60 198,763.20 12/28/17 02/01/18    
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area No Yes - Group 3 5.10500 0.01305 5.09195 Actual/360 23,251.40 279,016.80 12/01/17 01/01/18    
55 CREFI 5657 Copley Drive No No 4.46000 0.01305 4.44695 Actual/360 15,713.76 188,565.12 12/28/17 02/06/18    
56 CREFI WAG Lawrenceville No No 4.78000 0.01305 4.76695 Actual/360 19,467.37 233,608.44 01/03/18 02/06/18    
57 CREFI Rite Aid Johnstown No No 4.77000 0.01305 4.75695 Actual/360 14,002.02 168,024.24 01/02/18 02/06/18 01/06/23 02/06/23

 

 A-1-3

 

 

ANNEX A-1

                                 
      Rem. Rem.     Payment Grace Period Grace Period     Final   Maturity/ARD   Maturity Prepayment
Loan # Seller(1) Property Name Term  Amort I/O Period Seasoning Due Date  (Late Payment)  (Default) Maturity Date(11) ARD Loan(11) Mat Date(11) Balance ($)(5)   LTV %(4) Provision (Payments)(12)
1 CREFI Central Park of Lisle 59 0 60 1 6 0 0 01/06/23 No   79,500,000   58.9% L(25),Def(30),O(5)
2 JPMCB Promenade Shops at Aventura 120 360 0 0 1 0 5 02/01/28 No   56,907,717   52.6% L(25),Grtr1%orYM(91),O(4)
3 GACC Apple Campus 3 119 0 120 1 6 0 0 01/06/28 Yes 04/06/31 68,000,000   44.0% L(25),Def(88),O(7)
4 JPMCB EOS 21 82 0 84 2 1 0 5 (Twice per year) 12/01/24 No   60,000,000   64.8% L(26),Def(55),O(3)
5 GACC Rochester Hotel Portfolio 117 300 36 3 6 0 0 11/06/27 No   49,902,187   55.4% L(27),Def(88),O(5)
5.01 GACC Rochester Marriott                     18,980,653      
5.02 GACC Kahler Grand                     18,000,432      
5.03 GACC Kahler Inn & Suites                     7,574,439      
5.04 GACC Residence Inn Rochester                     5,346,663      
6 GACC InterContinental San Francisco 119 359 0 1 6 0 0 01/06/28 No   47,903,536   33.5% L(24),Grtr1%orYM(92),O(4)
7 GACC Sentinel Square II 59 0 60 1 6 0 0 01/06/23 No   57,660,000   59.7% L(25),Def(31),O(4)
8 CREFI The Woods 58 0 60 2 6 0 0 12/06/22 No   57,500,000   29.6% L(26),DeforGrtr1%orYM(27),O(7)
9 JPMCB 600 Clipper 119 0 120 1 1 0 0 01/01/28 No   54,300,000   57.8% L(24),Grtr1%orYM(89),O(7)
10 GACC Worldwide Plaza 117 0 120 3 6 0 0 11/06/27 No   50,000,000   35.4% L(27),Def(88),O(5)
11 CREFI 64 Wooster Street 119 0 120 1 6 0 0 01/06/28 No   48,000,000   60.0% L(25),Def(90),O(5)
12 GACC Hotel Indigo & Austin 114 360 24 6 1 0 5 08/01/27 No   38,859,880   58.9% L(30),Def(86),O(4)
13 CREFI Braddock Metro Center 120 360 60 0 6 0 0 02/06/28 No   40,489,568   61.2% L(24),DeforGrtr1%orYM(92),O(4)
14 CREFI BlueLinx Portfolio 60 0 60 0 6 0 0 02/06/23 No   42,900,000   64.2% L(24),Def(32),O(4)
14.01 CREFI BlueLinx Frederick                     14,820,000      
14.02 CREFI BlueLinx Bellingham                     13,991,250      
14.03 CREFI BlueLinx Lawrenceville                     8,580,000      
14.04 CREFI BlueLinx Butner                     5,508,750      
15 GACC Marina Heights State Farm 119 0 120 1 6 0 0 01/06/28 Yes 01/06/33 41,000,000   58.3% L(11),Grtr1%orYM(102),O(7)
16 CREFI Red Building 119 0 120 1 6 0 0 01/06/28 No   40,000,000   27.9% L(25),Def(89),O(6)
17 JPMCB 599 Broadway 120 0 120 0 1 0 0 02/01/28 No   40,000,000   50.0% L(24),Def(93),O(3)
18 JPMCB Lehigh Valley Mall 117 357 0 3 1 0 0 11/01/27 No   28,253,287   35.8% L(27),Def(86),O(7)
19 JPMCB Atrium Center 119 0 120 1 1 0 0 01/01/28 No   35,000,000   53.5% L(13),Grtr1%orYM(103),O(4)
20 GACC Signature Place Condominiums 119 360 48 1 6 0 0 01/06/28 No   27,288,524   56.9% L(25),Def(91),O(4)
21 JPMCB 90 Hudson 117 0 120 3 1 0 0 11/01/27 No   30,000,000   60.2% L(25),Grtr1%orYM(2),DeforGrtr1%orYM(90),O(3)
22 JPMCB Marriott Charlotte City Center 52 0 60 8 1 0 0 06/01/22 No   30,000,000   60.6% L(32),Def(21),O(7)
23 GACC Two Harbor Point Square 118 360 60 2 6 0 0 12/06/27 No   22,543,624   56.4% Grtr1%orYM(26),DeforGrtr1%orYM(88),O(6)
24 CREFI One Parkway North Fee 119 0 120 1 6 0 0 01/06/28 No   24,500,000   74.2% L(25),DeforGrtr1%orYM(91),O(4)
25 CREFI Village Green of Waterford 120 360 36 0 6 0 0 02/06/28 No   20,900,157   63.7% L(24),Def(92),O(4)
26 GACC Gateway Plaza 118 360 60 2 6 0 0 12/06/27 No   21,466,098   64.7% L(24),Grtr1%orYM(89),O(7)
27 CREFI 32 East Shopping Center 120 360 12 0 6 0 0 02/06/28 No   17,946,198   60.8% L(24),DeforGrtr1%orYM(93),O(3)
28 CREFI Hilton Garden Inn - Atlanta Airport North 119 299 0 1 6 0 0 01/06/28 No   14,791,919   49.3% L(25),Def(91),O(4)
29 GACC 220 Northwest 8th Avenue 118 360 60 2 6 0 0 12/06/27 No   17,709,550   57.5% L(26),Def(90),O(4)
30 GACC Corporate Plaza 119 360 36 1 6 0 0 01/06/28 No   15,778,993   63.8% L(25),Def(91),O(4)
31 JPMCB Residence Inn Augusta 120 360 0 0 1 0 0 02/01/28 No   14,696,833   56.1% L(24),Def(93),O(3)
32 JPMCB Towers at University Town Center 119 360 36 1 1 0 0 01/01/28 No   13,210,254   55.9% L(25),Grtr1%orYM(92),O(3)
33 GACC Fairfield Portfolio 120 360 0 0 6 0 0 02/06/28 No   12,352,334   54.9% L(24),Def(92),O(4)
33.01 GACC Fairfield Inn & Suites - Greensboro                     7,399,466      
33.02 GACC Fairfield Inn & Suites - High Point                     4,952,868      
34 GACC Sabre Center II 119 360 36 1 6 0 0 01/06/28 No   11,828,826   62.6% L(25),Def(91),O(4)
35 JPMCB Beacon - Criterion 59 0 60 1 1 0 0 01/01/23 No   13,305,255   37.0% L(24),Grtr1%orYM(29),O(7)
36 CREFI Holiday Inn Express New Orleans 59 360 24 1 6 0 0 01/06/23 No   12,321,787   52.0% L(25),DeforGrtr1%orYM(31),O(4)
37 JPMCB Lost Tree Financial Center 120 360 0 0 1 0 0 02/01/28 No   10,072,409   58.6% L(25),Grtr1%orYM(92),O(3)
38 GACC Coral Club Apartments 118 358 0 2 6 0 0 12/06/27 No   9,544,312   60.7% L(26),Def(90),O(4)
39 JPMCB Beacon - Hague 59 0 60 1 1 0 0 01/01/23 No   11,420,588   37.1% L(24),Grtr1%orYM(29),O(7)
40 CREFI Sam’s Club Atlanta 119 359 0 1 6 0 0 01/06/28 No   8,851,294   57.1% L(25),Def(91),O(4)
41 CREFI Marshall’s Plaza 119 360 36 1 6 0 0 01/06/28 No   9,408,464   59.5% L(25),Def(90),O(5)
42 JPMCB Beacon - Paramount 59 0 60 1 1 0 0 01/01/23 No   9,703,725   33.0% L(24),Grtr1%orYM(29),O(7)
43 JPMCB Hampton Inn Albuquerque University 118 358 0 2 1 0 0 12/01/27 No   7,986,184   60.5% L(26),Def(91),O(3)
44 GACC 564 6th Street 119 0 120 1 6 0 0 01/06/28 No   9,000,000   62.9% L(25),Def(91),O(4)
45 GACC Homewood Commons 118 360 36 2 6 0 0 12/06/27 No   7,449,455   60.3% L(26),Def(90),O(4)
46 JPMCB Beacon - Mercury / Garage 59 0 60 1 1 0 0 01/01/23 No   7,968,529   33.9% L(24),Grtr1%orYM(29),O(7)
47 GACC Centre Point Plaza 109 349 0 11 6 0 0 03/06/27 No   6,562,054   59.9% L(35),Def(81),O(4)
48 CREFI Amsdell Georgia Portfolio 120 360 36 0 6 0 0 02/06/28 No   6,807,245   66.1% L(24),Def(92),O(4)
48.01 CREFI Compass Self Storage Conyers                     2,828,985      
48.02 CREFI McDonough-Henry Self Storage                     2,563,767      
48.03 CREFI American Self Storage Center                     1,414,492      
49 JPMCB Beacon - Orpheum 59 0 60 1 1 0 0 01/01/23 No   7,417,020   36.0% L(24),Grtr1%orYM(29),O(7)
50 GACC Four Points Nashville Airport 118 358 0 2 6 0 0 12/06/27 No   5,868,678   48.1% L(26),Def(90),O(4)
51 GACC Nelson Duffie Mobile Home Parks 120 360 0 0 6 0 0 02/06/28 No   5,807,082   61.0% L(24),Def(91),O(5)
51.01 GACC Riverside Mobile Home Park                     3,762,335      
51.02 GACC Oaks Mobile Home Park                     2,044,747      
52 GACC Steeplechase Plaza 118 358 0 2 6 0 0 12/06/27 No   5,620,424   55.2% L(26),Def(90),O(4)
53 JPMCB Beacon - Tower 59 0 60 1 1 0 0 01/01/23 No   5,184,882   36.6% L(24),Grtr1%orYM(29),O(7)
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area 118 358 0 2 1 0 0 12/01/27 No   3,530,481   49.4% L(26),Def(91),O(3)
55 CREFI 5657 Copley Drive 119 0 120 1 6 0 0 01/06/28 No   4,170,000   60.0% L(25),Def(92),O(3)
56 CREFI WAG Lawrenceville 119 359 0 1 6 0 0 01/06/28 No   3,034,927   55.2% L(25),Def(91),O(4)
57 CREFI Rite Aid Johnstown 119 360 60 1 6 0 0 01/06/28 No   2,460,989   50.2% L(25),Def(91),O(4)

 

 A-1-4

 

 

ANNEX A-1

                               
      HISTORICAL FINANCIALS(13)
                               
      2014 2014 2014 2015 2015 2015 2016 2016 2016 Most Recent Most Recent Most Recent  
Loan # Seller(1) Property Name Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($)  Revenues ($)  Total Expenses ($) NOI ($)(14) As of
1 CREFI Central Park of Lisle 13,493,166 6,875,848 6,617,319 15,832,978 6,864,982 8,967,996 16,557,917 6,805,365 9,752,552 16,702,928 7,011,814 9,691,114 10/31/17
2 JPMCB Promenade Shops at Aventura 7,238,881 2,141,619 5,097,263 7,618,490 2,095,118 5,523,372 7,974,316 2,088,457 5,885,859 8,301,702 2,133,301 6,168,400 12/31/17
3 GACC Apple Campus 3                          
4 JPMCB EOS 21 19,300,345 9,836,620 9,463,724 20,102,693 9,456,168 10,646,525 20,613,669 9,683,481 10,930,188 20,888,540 9,747,002 11,141,538 09/30/17
5 GACC Rochester Hotel Portfolio 55,273,885 37,239,343 18,034,542 53,401,673 35,171,246 18,230,427 50,784,977 34,182,827 16,602,150 53,183,313 36,352,376 16,830,937 10/31/17
5.01 GACC Rochester Marriott 14,996,235 9,800,876 5,195,359 15,149,227 9,696,257 5,452,970 14,701,586 9,533,258 5,168,328 15,999,093 9,865,112 6,133,981 10/31/17
5.02 GACC Kahler Grand 26,364,589 18,869,997 7,494,592 24,156,924 17,148,646 7,008,278 22,864,086 16,400,066 6,464,020 23,472,734 17,485,858 5,986,876 10/31/17
5.03 GACC Kahler Inn & Suites 9,721,455 6,231,735 3,489,720 9,897,879 6,007,663 3,890,216 9,108,767 5,876,995 3,231,772 9,532,268 6,505,102 3,027,166 10/31/17
5.04 GACC Residence Inn Rochester 4,191,606 2,336,735 1,854,871 4,197,643 2,318,680 1,878,963 4,110,538 2,372,509 1,738,029 4,179,218 2,496,305 1,682,913 10/31/17
6 GACC InterContinental San Francisco 70,400,289 53,277,488 17,122,801 75,295,061 55,443,169 19,851,892 75,967,817 56,038,569 19,929,248 73,980,500 56,194,208 17,786,292 10/31/17
7 GACC Sentinel Square II                          
8 CREFI The Woods 38,029,205 12,891,180 25,138,025 41,350,694 13,735,060 27,615,634 43,763,265 13,881,922 29,881,343 45,252,611 15,408,547 29,844,064 09/30/17
9 JPMCB 600 Clipper                          
10 GACC Worldwide Plaza 117,970,886 49,895,080 68,075,807 124,125,445 51,403,142 72,722,303 135,449,920 52,275,875 83,174,046 133,945,503 52,948,250 80,997,253 06/30/17
11 CREFI 64 Wooster Street 3,105,420 464,064 2,641,356 3,278,754 534,596 2,744,158 3,889,813 621,880 3,267,933 3,860,561 646,301 3,214,260 09/30/17
12 GACC Hotel Indigo & Austin                   13,664,147 8,057,000 5,607,147 10/31/17
13 CREFI Braddock Metro Center 9,207,736 3,280,521 5,927,215 10,073,030 3,295,063 6,777,967 10,583,492 3,281,792 7,301,701 10,594,580 3,199,105 7,395,475 10/31/17
14 CREFI BlueLinx Portfolio                          
14.01 CREFI BlueLinx Frederick                          
14.02 CREFI BlueLinx Bellingham                          
14.03 CREFI BlueLinx Lawrenceville                          
14.04 CREFI BlueLinx Butner                          
15 GACC Marina Heights State Farm                          
16 CREFI Red Building       564,980 4,023,138 -3,458,158 4,409,802 4,266,665 143,137 9,325,747 5,832,097 3,493,650 09/30/17
17 JPMCB 599 Broadway 5,070,560 0 5,070,560 5,088,429 0 5,088,429 5,006,143 0 5,006,143 5,121,552 0 5,121,552 12/31/17
18 JPMCB Lehigh Valley Mall 36,249,140 9,763,361 26,485,779 36,151,146 9,508,909 26,642,237 36,598,789 9,104,230 27,494,559 35,447,338 9,071,090 26,376,248 08/31/17
19 JPMCB Atrium Center                          
20 GACC Signature Place Condominiums 3,305,800 1,343,636 1,962,164 3,546,926 1,336,757 2,210,169       3,791,168 1,505,954 2,285,214 10/31/17
21 JPMCB 90 Hudson 12,772,926 5,968,527 6,804,399 12,801,822 6,874,589 5,927,234 14,583,373 6,926,876 7,656,497 17,523,356 6,269,492 11,253,864 08/31/17
22 JPMCB Marriott Charlotte City Center 31,918,103 21,478,547 10,439,556 21,077,342 17,943,131 3,134,211 27,952,972 21,440,455 6,512,516 38,143,721 25,249,161 12,894,561 11/30/17
23 GACC Two Harbor Point Square       6,614,751 2,707,642 3,907,109 7,239,818 2,768,193 4,471,625 8,461,434 2,860,897 5,600,537 08/31/17
24 CREFI One Parkway North Fee                          
25 CREFI Village Green of Waterford 3,264,953 1,578,161 1,686,792 3,388,377 1,545,619 1,842,758 3,594,729 1,499,984 2,094,745 3,784,790 1,409,211 2,375,579 11/30/17
26 GACC Gateway Plaza 2,023,960 879,915 1,144,045 2,580,506 914,300 1,666,206 2,812,395 968,056 1,844,339 3,140,805 1,005,531 2,135,274 10/31/17
27 CREFI 32 East Shopping Center             1,245,518 300,759 944,759 1,985,066 532,297 1,452,768 11/30/17
28 CREFI Hilton Garden Inn - Atlanta Airport North 6,830,161 4,354,512 2,475,649 7,039,711 4,578,086 2,461,625 7,167,265 4,705,915 2,461,350 7,315,275 4,815,414 2,499,861 11/30/17
29 GACC 220 Northwest 8th Avenue             1,614,290 145,854 1,468,436 1,937,694 138,561 1,799,133 09/30/17
30 GACC Corporate Plaza 3,936,788 2,004,073 1,932,715 4,102,767 1,974,649 2,128,118 4,250,330 1,839,746 2,410,584 4,394,401 1,924,827 2,469,573 08/31/17
31 JPMCB Residence Inn Augusta             4,628,788 2,442,917 2,185,871 4,908,528 2,852,282 2,056,246 11/30/17
32 JPMCB Towers at University Town Center 8,728,359 5,896,981 2,831,378 9,147,129 5,208,909 3,938,221 9,750,923 5,585,915 4,165,008 10,473,746 5,342,185 5,131,562 12/31/17
33 GACC Fairfield Portfolio 4,526,005 2,522,956 2,003,049 4,640,391 2,545,371 2,095,020 4,661,542 2,580,328 2,081,213 4,782,530 2,727,337 2,055,193 09/30/17
33.01 GACC Fairfield Inn & Suites - Greensboro 2,697,478 1,433,602 1,263,877 2,666,780 1,442,201 1,224,579 2,721,889 1,393,563 1,328,327 2,685,333 1,492,488 1,192,845 09/30/17
33.02 GACC Fairfield Inn & Suites - High Point 1,828,526 1,089,354 739,172 1,973,611 1,103,170 870,441 1,939,652 1,186,765 752,887 2,097,197 1,234,849 862,348 09/30/17
34 GACC Sabre Center II       1,466,326 999,336 466,990 1,695,462 1,009,091 686,371 2,204,890 1,044,814 1,160,076 10/31/17
35 JPMCB Beacon - Criterion             5,301,607 2,313,172 2,988,435 6,558,622 2,519,385 4,039,238 08/31/17
36 CREFI Holiday Inn Express New Orleans             4,648,121 2,926,687 1,721,434 4,786,600 3,066,324 1,720,276 10/31/17
37 JPMCB Lost Tree Financial Center 964,972 697,268 267,703 999,772 664,854 334,918 1,156,846 662,746 494,101 1,590,142 747,526 842,616 11/30/17
38 GACC Coral Club Apartments 1,846,197 984,457 861,740 1,998,307 1,076,825 921,482 2,107,097 1,169,850 937,247 2,220,215 1,131,691 1,088,524 09/30/17
39 JPMCB Beacon - Hague             2,360,214 1,586,844 773,370 5,475,293 2,447,612 3,027,682 08/31/17
40 CREFI Sam’s Club Atlanta 1,408,339 0 1,408,339 1,408,339 0 1,408,339 1,302,486 0 1,302,486 1,239,338 0 1,239,338 11/30/17
41 CREFI Marshall’s Plaza 2,114,993 789,891 1,325,102 2,243,279 854,451 1,388,827 2,327,984 786,202 1,541,782 2,226,656 794,748 1,431,909 09/30/17
42 JPMCB Beacon - Paramount             5,302,650 2,018,726 3,283,924 5,380,724 2,009,647 3,371,076 08/31/17
43 JPMCB Hampton Inn Albuquerque University 2,972,418 1,984,797 987,621 3,103,071 2,114,805 988,266 2,982,895 2,075,442 907,453 3,229,088 2,242,823 986,265 10/31/17
44 GACC 564 6th Street 807,792 67,403 740,389 807,792 72,457 735,335 827,991 145,516 682,475 856,672 91,375 765,297 09/30/17
45 GACC Homewood Commons       843,175 323,657 519,518 680,326 180,604 499,722 1,183,461 373,156 810,305 09/30/17
46 JPMCB Beacon - Mercury / Garage             3,849,059 1,500,936 2,348,123 4,153,487 1,445,947 2,707,540 08/31/17
47 GACC Centre Point Plaza 1,414,913 399,929 1,014,984 1,320,205 400,512 919,693 1,345,724 394,764 950,960 1,183,619 264,722 918,897 10/31/17
48 CREFI Amsdell Georgia Portfolio       923,460 472,317 451,143 1,154,757 541,102 613,655 1,235,421 545,664 689,757 10/31/17
48.01 CREFI Compass Self Storage Conyers       293,788 96,360 197,428 422,892 192,504 230,388 492,494 207,443 285,051 10/31/17
48.02 CREFI McDonough-Henry Self Storage       414,413 279,874 134,539 470,978 227,174 243,804 458,909 232,396 226,512 10/31/17
48.03 CREFI American Self Storage Center       215,260 96,083 119,177 260,887 121,423 139,464 284,018 105,825 178,193 10/31/17
49 JPMCB Beacon - Orpheum             3,901,792 1,537,879 2,363,914 3,978,987 1,497,465 2,481,522 08/31/17
50 GACC Four Points Nashville Airport       2,503,210 1,843,120 660,090 3,696,311 2,724,535 971,776 3,772,158 2,638,137 1,134,021 09/30/17
51 GACC Nelson Duffie Mobile Home Parks       721,525 261,726 459,799 925,318 293,752 631,566 968,999 310,260 658,739 10/31/17
51.01 GACC Riverside Mobile Home Park                          
51.02 GACC Oaks Mobile Home Park                          
52 GACC Steeplechase Plaza 567,389 187,070 380,319 665,339 210,988 454,351 793,837 234,350 559,487 859,139 250,504 608,635 08/31/17
53 JPMCB Beacon - Tower             2,805,267 1,170,917 1,634,350 2,880,304 1,142,794 1,737,510 08/31/17
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area 1,434,965 1,009,909 425,056 1,678,943 1,205,641 473,302 1,871,428 1,385,612 485,816 1,933,802 1,403,829 529,973 10/31/17
55 CREFI 5657 Copley Drive             518,159 110,529 407,630 535,011 116,191 418,820 11/30/17
56 CREFI WAG Lawrenceville 342,000 10,260 331,740 342,000 10,260 331,740 342,000 10,260 331,740 342,000 10,260 331,740 10/31/17
57 CREFI Rite Aid Johnstown                   328,670 0 328,670 12/31/17

 

 A-1-5

 

 

ANNEX A-1

                         
      UW                  
      Economic UW UW Total UW UW Capital UW UW UW NCF UW NOI UW NCF
Loan # Seller(1) Property Name Occupancy % Revenues ($)(3) Expenses ($) NOI ($)(3)(14)(15)  Items ($) NCF ($)(3)(15)  NOI DSCR(16) DSCR(16) Debt Yield %  Debt Yield %
1 CREFI Central Park of Lisle 87.3% 17,454,537 7,402,305 10,052,232 1,006,531 9,045,701 2.86 2.58 12.6% 11.4%
2 JPMCB Promenade Shops at Aventura 95.0% 8,252,584 2,246,266 6,006,318 396,536 5,609,782 1.38 1.29 8.6% 8.0%
3 GACC Apple Campus 3 99.0% 46,190,545 4,804,932 41,385,613 176,531 41,209,082 3.57 3.55 12.2% 12.1%
4 JPMCB EOS 21 93.8% 20,888,540 9,582,304 11,306,236 297,360 11,008,876 1.92 1.87 7.5% 7.3%
5 GACC Rochester Hotel Portfolio 58.4% 53,040,505 36,019,617 17,020,888 2,652,025 14,368,863 1.78 1.50 12.2% 10.3%
5.01 GACC Rochester Marriott 71.0% 15,961,504 9,794,712 6,166,792 798,075 5,368,717        
5.02 GACC Kahler Grand 49.4% 23,335,384 17,188,687 6,146,697 1,166,769 4,979,928        
5.03 GACC Kahler Inn & Suites 65.9% 9,563,555 6,519,673 3,043,882 478,178 2,565,704        
5.04 GACC Residence Inn Rochester 73.6% 4,180,061 2,516,545 1,663,516 209,003 1,454,513        
6 GACC InterContinental San Francisco 87.0% 73,981,123 56,353,105 17,628,017 2,959,245 14,668,773 2.75 2.29 16.0% 13.4%
7 GACC Sentinel Square II 94.3% 13,947,826 4,756,435 9,191,391 70,091 9,121,300 2.72 2.70 9.0% 8.9%
8 CREFI The Woods 91.6% 45,252,611 14,939,344 30,313,267 460,250 29,853,017 5.08 5.01 15.2% 14.9%
9 JPMCB 600 Clipper 95.0% 9,842,561 2,952,768 6,889,793 398,778 6,491,015 3.37 3.17 12.7% 12.0%
10 GACC Worldwide Plaza 95.0% 141,343,932 54,051,285 87,292,647 2,270,872 85,021,775 3.88 3.77 14.2% 13.8%
11 CREFI 64 Wooster Street 95.0% 3,986,351 733,591 3,252,760 178,885 3,073,875 1.52 1.44 6.8% 6.4%
12 GACC Hotel Indigo & Austin 64.2% 13,664,147 8,144,924 5,519,223 546,566 4,972,657 1.92 1.73 12.3% 11.1%
13 CREFI Braddock Metro Center 92.6% 10,490,116 3,420,015 7,070,100 309,848 6,760,253 1.55 1.49 9.5% 9.1%
14 CREFI BlueLinx Portfolio 92.5% 12,023,790 3,373,690 8,650,101 690,121 7,959,979 2.67 2.46 12.1% 11.1%
14.01 CREFI BlueLinx Frederick 92.5% 4,224,554 1,242,085 2,982,469 203,015 2,779,454        
14.02 CREFI BlueLinx Bellingham 92.5% 4,207,598 1,409,692 2,797,906 148,139 2,649,767        
14.03 CREFI BlueLinx Lawrenceville 92.5% 2,106,890 352,719 1,754,171 175,576 1,578,595        
14.04 CREFI BlueLinx Butner 92.5% 1,484,749 369,194 1,115,555 163,392 952,163        
15 GACC Marina Heights State Farm 98.7% 83,160,015 19,826,859 63,333,156 195,923 63,137,233 3.13 3.12 11.3% 11.3%
16 CREFI Red Building 74.2% 18,925,660 6,074,849 12,850,810 1,059,997 11,790,813 3.61 3.31 16.1% 14.7%
17 JPMCB 599 Broadway 97.0% 5,670,671 170,120 5,500,551 8,907 5,491,643 1.76 1.75 7.3% 7.3%
18 JPMCB Lehigh Valley Mall 92.3% 33,855,087 8,922,902 24,932,185 1,005,356 23,926,829 2.16 2.07 12.5% 12.0%
19 JPMCB Atrium Center 95.0% 13,100,668 3,634,080 9,466,588 161,216 9,305,372 2.08 2.05 8.2% 8.1%
20 GACC Signature Place Condominiums 92.8% 4,025,068 1,581,041 2,444,027 75,000 2,369,027 1.33 1.28 8.0% 7.8%
21 JPMCB 90 Hudson 95.0% 19,495,184 7,604,532 11,890,653 733,819 11,156,834 2.18 2.04 9.1% 8.6%
22 JPMCB Marriott Charlotte City Center 73.5% 38,398,103 25,326,107 13,071,996 0 13,071,996 2.76 2.76 12.7% 12.7%
23 GACC Two Harbor Point Square 91.0% 8,505,541 2,900,766 5,604,774 410,329 5,194,446 1.93 1.78 11.3% 10.5%
24 CREFI One Parkway North Fee 100.0% 1,838,100 36,762 1,801,338 0 1,801,338 1.69 1.69 7.4% 7.4%
25 CREFI Village Green of Waterford 94.8% 3,784,790 1,459,162 2,325,628 109,350 2,216,278 1.52 1.45 9.9% 9.4%
26 GACC Gateway Plaza 91.9% 3,085,330 970,813 2,114,517 81,639 2,032,878 1.50 1.44 9.0% 8.7%
27 CREFI 32 East Shopping Center 95.0% 2,965,864 574,484 2,391,380 182,574 2,208,807 1.80 1.67 11.1% 10.3%
28 CREFI Hilton Garden Inn - Atlanta Airport North 80.2% 7,315,275 4,941,566 2,373,709 292,611 2,081,098 1.74 1.53 11.9% 10.4%
29 GACC 220 Northwest 8th Avenue 97.0% 2,388,071 335,548 2,052,523 168,676 1,883,847 1.83 1.68 10.5% 9.7%
30 GACC Corporate Plaza 86.7% 4,317,003 1,991,800 2,325,203 108,483 2,216,720 2.11 2.01 12.9% 12.3%
31 JPMCB Residence Inn Augusta 79.0% 4,908,528 2,904,880 2,003,648 0 2,003,648 1.65 1.65 11.4% 11.4%
32 JPMCB Towers at University Town Center 91.5% 10,141,347 5,526,346 4,615,001 136,500 4,478,501 1.60 1.55 10.0% 9.7%
33 GACC Fairfield Portfolio 71.8% 4,782,530 2,812,000 1,970,530 191,301 1,779,229 1.99 1.80 13.6% 12.3%
33.01 GACC Fairfield Inn & Suites - Greensboro 70.1% 2,685,333 1,548,915 1,136,418 107,413 1,029,005        
33.02 GACC Fairfield Inn & Suites - High Point 74.0% 2,097,197 1,263,085 834,112 83,888 750,224        
34 GACC Sabre Center II 91.8% 2,719,402 1,120,857 1,598,545 199,232 1,399,313 1.94 1.69 11.8% 10.4%
35 JPMCB Beacon - Criterion 92.2% 6,835,749 2,381,849 4,453,900 67,750 4,386,150 3.06 3.01 11.7% 11.5%
36 CREFI Holiday Inn Express New Orleans 72.8% 4,872,473 3,168,441 1,704,032 194,899 1,509,133 2.07 1.83 13.2% 11.7%
37 JPMCB Lost Tree Financial Center 93.0% 1,831,029 604,082 1,226,947 98,253 1,128,695 1.58 1.45 9.8% 9.0%
38 GACC Coral Club Apartments 93.3% 2,317,690 1,189,421 1,128,269 30,500 1,097,769 1.57 1.52 9.6% 9.3%
39 JPMCB Beacon - Hague 89.8% 5,807,946 2,160,228 3,647,717 60,250 3,587,467 2.92 2.87 11.2% 11.0%
40 CREFI Sam’s Club Atlanta 97.0% 1,202,158 56,473 1,145,684 43,292 1,102,393 1.68 1.62 10.6% 10.2%
41 CREFI Marshall’s Plaza 94.0% 2,354,927 906,165 1,448,762 127,580 1,321,182 2.24 2.04 13.4% 12.3%
42 JPMCB Beacon - Paramount 90.4% 5,546,230 1,910,262 3,635,968 57,750 3,578,218 3.42 3.37 13.1% 12.9%
43 JPMCB Hampton Inn Albuquerque University 80.9% 3,229,088 2,245,723 983,365 0 983,365 1.48 1.48 10.4% 10.4%
44 GACC 564 6th Street 95.0% 963,828 141,862 821,966 2,625 819,341 2.03 2.02 9.1% 9.1%
45 GACC Homewood Commons 87.0% 1,460,767 410,071 1,050,697 43,758 1,006,938 2.02 1.94 12.4% 11.8%
46 JPMCB Beacon - Mercury / Garage 87.7% 4,384,457 1,393,253 2,991,204 57,000 2,934,204 3.43 3.36 13.2% 12.9%
47 GACC Centre Point Plaza 95.0% 1,373,600 391,556 982,044 121,037 861,007 1.92 1.68 12.4% 10.9%
48 CREFI Amsdell Georgia Portfolio 80.6% 1,235,421 589,841 645,580 22,942 622,638 1.31 1.26 8.4% 8.1%
48.01 CREFI Compass Self Storage Conyers 87.6% 492,494 204,618 287,877 5,290 282,587        
48.02 CREFI McDonough-Henry Self Storage 79.3% 458,909 229,153 229,756 9,733 220,022        
48.03 CREFI American Self Storage Center 73.5% 284,018 156,070 127,948 7,918 120,030        
49 JPMCB Beacon - Orpheum 90.7% 4,033,009 1,448,562 2,584,447 39,500 2,544,947 3.18 3.14 12.2% 12.0%
50 GACC Four Points Nashville Airport 71.4% 3,835,661 2,747,987 1,087,674 153,427 934,247 2.38 2.05 15.2% 13.1%
51 GACC Nelson Duffie Mobile Home Parks 95.0% 964,115 322,846 641,270 8,700 632,570 1.43 1.41 9.0% 8.9%
51.01 GACC Riverside Mobile Home Park                    
51.02 GACC Oaks Mobile Home Park                    
52 GACC Steeplechase Plaza 95.0% 1,021,717 216,385 805,332 79,968 725,364 1.90 1.71 11.6% 10.5%
53 JPMCB Beacon - Tower 92.0% 2,935,894 1,079,257 1,856,636 32,000 1,824,636 3.27 3.22 12.5% 12.3%
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area 67.9% 1,933,802 1,407,007 526,795 0 526,795 1.89 1.89 12.3% 12.3%
55 CREFI 5657 Copley Drive 95.0% 582,971 173,722 409,249 23,506 385,744 2.17 2.05 9.8% 9.3%
56 CREFI WAG Lawrenceville 97.8% 344,405 19,179 325,226 2,174 323,052 1.39 1.38 8.8% 8.7%
57 CREFI Rite Aid Johnstown 95.0% 328,551 17,174 311,378 1,667 309,712 1.85 1.84 11.6% 11.6%

 

 A-1-6

 

 

ANNEX A-1 

                             
                   UPFRONT ESCROW(19)
                             
        Ground Lease Ground Lease Franchise     Upfront Capex Upfront Engin. Upfront Envir. Upfront TI/LC Upfront RE Tax Upfront Ins.
Loan # Seller(1) Property Name Title Type(17)  Expiration  Extension Terms Expiration Date(18) PML %   Reserve ($) Reserve ($)  Reserve ($) Reserve ($) Reserve ($) Reserve ($)
1 CREFI Central Park of Lisle Fee           3,672,605 74,750 0 0 1,149,594 23,934
2 JPMCB Promenade Shops at Aventura Fee           3,648 0 214,000 24,320 261,235 127,205
3 GACC Apple Campus 3 Fee       9%   0 0 0 2,979,839 0 0
4 JPMCB EOS 21 Fee           0 186,208 0 0 0 0
5 GACC Rochester Hotel Portfolio Fee           0 45,563 0 0 496,816 335,774
5.01 GACC Rochester Marriott Fee     11/6/2030                
5.02 GACC Kahler Grand Fee     10/17/2018                
5.03 GACC Kahler Inn & Suites Fee     10/17/2018                
5.04 GACC Residence Inn Rochester Fee     10/26/2024                
6 GACC InterContinental San Francisco Fee     2/29/2028 14%   0 0 0 0 0 44,350
7 GACC Sentinel Square II Fee           0 0 0 0 0 0
8 CREFI The Woods Fee       14%   0 0 0 0 0 0
9 JPMCB 600 Clipper Fee       7%   4,626 27,375 0 4,147,500 0 0
10 GACC Worldwide Plaza Fee           0 0 0 0 0 0
11 CREFI 64 Wooster Street Fee           0 0 0 300,000 85,369 53,304
12 GACC Hotel Indigo & Austin Fee     8/1/2037     2,700,000 0 0 0 365,188 0
13 CREFI Braddock Metro Center Fee           0 0 0 0 381,274 0
14 CREFI BlueLinx Portfolio Fee           0 6,875 0 0 0 0
14.01 CREFI BlueLinx Frederick Fee                      
14.02 CREFI BlueLinx Bellingham Fee                      
14.03 CREFI BlueLinx Lawrenceville Fee                      
14.04 CREFI BlueLinx Butner Fee                      
15 GACC Marina Heights State Farm Leasehold 08/16/12 One, min 25 - max 99 year option       0 0 0 0 0 0
16 CREFI Red Building Fee       9%   0 0 0 0 192,071 88,901
17 JPMCB 599 Broadway Fee           0 0 0 0 0 0
18 JPMCB Lehigh Valley Mall Fee           0 0 0 0 0 0
19 JPMCB Atrium Center Fee           0 0 0 0 0 0
20 GACC Signature Place Condominiums Fee           0 0 0 0 130,863 8,290
21 JPMCB 90 Hudson Fee           0 198,000 0 0 0 100,000
22 JPMCB Marriott Charlotte City Center Fee     12/31/2042     0 0 0 0 0 0
23 GACC Two Harbor Point Square Fee           0 0 0 0 80,167 4,333
24 CREFI One Parkway North Fee Fee           0 0 0 0 0 0
25 CREFI Village Green of Waterford Fee           1,836,000 0 0 0 66,954 19,072
26 GACC Gateway Plaza Fee       12%   0 0 0 360,000 91,839 8,233
27 CREFI 32 East Shopping Center Fee           0 8,740 0 707,393 40,763 0
28 CREFI Hilton Garden Inn - Atlanta Airport North Fee     12/31/2029     0 7,000 0 0 0 82,513
29 GACC 220 Northwest 8th Avenue Fee       15%   0 15,625 0 0 7,693 0
30 GACC Corporate Plaza Fee           750,000 74,625 0 2,000,000 0 0
31 JPMCB Residence Inn Augusta Fee     8/31/2035     16,365 0 0 0 28,810 0
32 JPMCB Towers at University Town Center Fee           11,375 0 0 0 291,420 0
33 GACC Fairfield Portfolio Fee           0 0 0 0 51,905 4,696
33.01 GACC Fairfield Inn & Suites - Greensboro Fee     1/24/2033                
33.02 GACC Fairfield Inn & Suites - High Point Fee     1/24/2033                
34 GACC Sabre Center II Fee           0 0 0 0 56,023 0
35 JPMCB Beacon - Criterion Fee           0 0 0 0 207,000 0
36 CREFI Holiday Inn Express New Orleans Fee     6/30/2024     0 5,040 0 0 265,935 16,257
37 JPMCB Lost Tree Financial Center Fee           953 0 0 7,875 52,744 0
38 GACC Coral Club Apartments Fee           300,000 61,875 0 0 0 43,920
39 JPMCB Beacon - Hague Fee           0 0 0 0 215,000 0
40 CREFI Sam’s Club Atlanta Leasehold 07/10/25 3, 10-year extensions through July 10, 2055       0 0 0 0 0 0
41 CREFI Marshall’s Plaza Fee           0 0 0 0 0 14,121
42 JPMCB Beacon - Paramount Fee           0 0 0 0 156,000 0
43 JPMCB Hampton Inn Albuquerque University Fee     11/30/2033     10,595 0 0 0 11,425 2,707
44 GACC 564 6th Street Fee       19%   0 0 0 0 18,498 4,425
45 GACC Homewood Commons Fee           0 42,500 0 500,000 34,879 6,197
46 JPMCB Beacon - Mercury / Garage Fee           0 0 0 0 120,000 0
47 GACC Centre Point Plaza Fee           31,852 295,901 0 200,000 75,175 21,564
48 CREFI Amsdell Georgia Portfolio Fee           0 0 0 0 36,488 0
48.01 CREFI Compass Self Storage Conyers Fee                      
48.02 CREFI McDonough-Henry Self Storage Fee                      
48.03 CREFI American Self Storage Center Fee                      
49 JPMCB Beacon - Orpheum Fee           0 0 0 0 111,000 0
50 GACC Four Points Nashville Airport Fee     8/5/2034     0 8,125 0 0 0 0
51 GACC Nelson Duffie Mobile Home Parks Fee           25,800 0 0 0 6,144 25,489
51.01 GACC Riverside Mobile Home Park Fee                      
51.02 GACC Oaks Mobile Home Park Fee                      
52 GACC Steeplechase Plaza Fee           0 0 0 250,000 6,544 0
53 JPMCB Beacon - Tower Fee           0 0 0 0 81,000 0
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area Fee     11/30/2032     6,435 0 0 0 37,481 1,148
55 CREFI 5657 Copley Drive Fee       5%   0 0 0 0 0 903
56 CREFI WAG Lawrenceville Fee           0 123,750 0 0 0 1,846
57 CREFI Rite Aid Johnstown Fee           0 0 0 0 0 640

 

 A-1-7

 

 

ANNEX A-1

           
      UPFRONT ESCROW(19)
           
      Upfront Debt Service Upfront Other Other Upfront
Loan # Seller(1) Property Name Reserve ($) Reserve ($) Description ($)
1 CREFI Central Park of Lisle 0 2,924,266 Unfunded Obligations Reserve
2 JPMCB Promenade Shops at Aventura 0 0  
3 GACC Apple Campus 3 0 42,800,076 Free Rent Reserve: 42,706,326; Punchlist Reserve: 93,750
4 JPMCB EOS 21 0 0  
5 GACC Rochester Hotel Portfolio 0 300,000 Seasonality Reserve
5.01 GACC Rochester Marriott      
5.02 GACC Kahler Grand      
5.03 GACC Kahler Inn & Suites      
5.04 GACC Residence Inn Rochester      
6 GACC InterContinental San Francisco 0 10,000,000 Window Replacement Reserve
7 GACC Sentinel Square II 0 19,093,311 Free Rent Reserve: 18,493,311; GSA Funds: 600,000
8 CREFI The Woods 0 0  
9 JPMCB 600 Clipper 0 5,071,085 Free Rent Reserve
10 GACC Worldwide Plaza 0 0  
11 CREFI 64 Wooster Street 0 257,409 Free Rent Reserve
12 GACC Hotel Indigo & Austin 0 300,000 PIP Reserve
13 CREFI Braddock Metro Center 0 27,805,730 USDA Lease Reserve
14 CREFI BlueLinx Portfolio 0 206,875 Additional Property Reserve
14.01 CREFI BlueLinx Frederick      
14.02 CREFI BlueLinx Bellingham      
14.03 CREFI BlueLinx Lawrenceville      
14.04 CREFI BlueLinx Butner      
15 GACC Marina Heights State Farm 0 0  
16 CREFI Red Building 0 4,627,845 Free Rent Shortfall Reserve: 3,874,436; Unfunded Obligations Reserve: 753,409
17 JPMCB 599 Broadway 0 0  
18 JPMCB Lehigh Valley Mall 0 651,533 Outstanding TI/LC Reserve: 443,000; Tenant Rent Holdback Reserve: 208,533
19 JPMCB Atrium Center 0 23,558,259 Outstanding TI Reserve: 21,161,047; Free Rent Reserve: 2,397,212
20 GACC Signature Place Condominiums 0 0  
21 JPMCB 90 Hudson 0 291,238 Lord Abbett CAM Reserve
22 JPMCB Marriott Charlotte City Center 0 10,000,000 Performance Holdback Reserve
23 GACC Two Harbor Point Square 0 163,858 Unfunded Obligations Reserve: 154,346; Declarations Assessment Reserve: 6,548; WPCA Assessment Reserve: 2,964
24 CREFI One Parkway North Fee 0 0  
25 CREFI Village Green of Waterford 0 0  
26 GACC Gateway Plaza 0 171,717 Free Rent Reserve
27 CREFI 32 East Shopping Center 0 70,423 Free Rent Reserve
28 CREFI Hilton Garden Inn - Atlanta Airport North 0 0  
29 GACC 220 Northwest 8th Avenue 0 0  
30 GACC Corporate Plaza 0 147,215 Free Rent Reserve
31 JPMCB Residence Inn Augusta 0 0  
32 JPMCB Towers at University Town Center 0 5,185,517 Planned Capital Improvements Reserve: 5,083,948; Prepaid Rent Reserve: 101,569
33 GACC Fairfield Portfolio 0 1,984,176 PIP Reserve: 1,834,176; Seasonality Reserve: 150,000
33.01 GACC Fairfield Inn & Suites - Greensboro      
33.02 GACC Fairfield Inn & Suites - High Point      
34 GACC Sabre Center II 0 144,715 Free Rent Reserve
35 JPMCB Beacon - Criterion 0 4,102,472 Put Option Reserve: 1,818,058; Priority Return Reserve: 1,181,738; PNC Operating Distribution Reserve: 1,047,049; Incremental HTC Required Property Insurance Reserve: 55,627
36 CREFI Holiday Inn Express New Orleans 0 230,339 PIP Reserve
37 JPMCB Lost Tree Financial Center 0 513,433 Outstanding TI/LC Reserve
38 GACC Coral Club Apartments 0 0  
39 JPMCB Beacon - Hague 0 3,789,857 Put Option Reserve: 1,588,923; Priority Return Reserve: 1,244,656; PNC Operating Distribution Reserve: 883,326; Incremental HTC Required Property Insurance Reserve: 72,952
40 CREFI Sam’s Club Atlanta 0 0  
41 CREFI Marshall’s Plaza 0 0  
42 JPMCB Beacon - Paramount 0 3,354,087 Put Option Reserve: 2,047,058; PNC Operating Distribution Reserve: 722,587; Priority Return Reserve: 568,627; Incremental HTC Required Property Insurance Reserve: 15,815
43 JPMCB Hampton Inn Albuquerque University 0 2,000,000 PIP Reserve
44 GACC 564 6th Street 0 0  
45 GACC Homewood Commons 0 5,416 Free Rent Reserve
46 JPMCB Beacon - Mercury / Garage 0 0  
47 GACC Centre Point Plaza 0 0  
48 CREFI Amsdell Georgia Portfolio 0 500,000 Economic Holdback Reserve
48.01 CREFI Compass Self Storage Conyers      
48.02 CREFI McDonough-Henry Self Storage      
48.03 CREFI American Self Storage Center      
49 JPMCB Beacon - Orpheum 0 2,182,497 Put Option Reserve: 1,592,263; PNC Operating Distribution Reserve: 309,180; Priority Return Reserve: 265,377; Incremental HTC Required Property Insurance Reserve: 15,678
50 GACC Four Points Nashville Airport 0 60,000 Seasonality Reserve
51 GACC Nelson Duffie Mobile Home Parks 0 0  
51.01 GACC Riverside Mobile Home Park      
51.02 GACC Oaks Mobile Home Park      
52 GACC Steeplechase Plaza 0 0  
53 JPMCB Beacon - Tower 0 1,983,984 Put Option Reserve: 1,235,451; PNC Operating Distribution Reserve: 377,199; Priority Return Reserve: 370,635; Incremental HTC Required Property Insurance Reserve: 698
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area 0 1,450,000 PIP Reserve
55 CREFI 5657 Copley Drive 0 163,356 Unfunded Tenant Improvement Reserve: 92,170; Free Rent Reserve: 71,186
56 CREFI WAG Lawrenceville 0 0  
57 CREFI Rite Aid Johnstown 0 0  

 

 A-1-8

 

 

ANNEX A-1

 

                             
      MONTHLY ESCROW(20)   RESERVE CAPS(21)
                             
      Monthly Capex Monthly Envir. Monthly TI/LC Monthly RE Tax Monthly Ins. Monthly Other Other Monthly   CapEx Envir. TI/LC RE Tax
Loan # Seller(1) Property Name Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)    Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)
1 CREFI Central Park of Lisle 11,560 0 72,277 191,599 Springing 0     277,442      
2 JPMCB Promenade Shops at Aventura 3,648 0 24,320 65,309 42,402 Springing Major Tenant Reserve   131,325   875,502  
3 GACC Apple Campus 3 Springing 0 0 249,368 Springing Springing Lease Sweep Reserve          
4 JPMCB EOS 21 0 0 0 Springing Springing 0            
5 GACC Rochester Hotel Portfolio Borrower is required to deposit the greater of (i) 5.0% of the projected rents for each property’s hotel operations for the prior month, (ii) the amount due under the management agreement and (iii) the amount due under the franchise agreement for FF&E Work 0 0 248,408 33,894 500,000 Seasonality Reserve: Springing; PIP Reserve: Springing; Renovation Reserve: 500,000          
5.01 GACC Rochester Marriott                        
5.02 GACC Kahler Grand                        
5.03 GACC Kahler Inn & Suites                        
5.04 GACC Residence Inn Rochester                        
6 GACC InterContinental San Francisco Springing 0 0 Springing Springing 0            
7 GACC Sentinel Square II Springing 0 Springing Springing Springing 0            
8 CREFI The Woods Springing 0 0 Springing Springing 0            
9 JPMCB 600 Clipper 4,626 0 0 Springing Springing 0            
10 GACC Worldwide Plaza Springing 0 Springing Springing Springing Springing Cravath, Swaine & Moore LLP Reserve   2,500,000   10,000,000  
11 CREFI 64 Wooster Street 925 0 Springing 42,685 4,846 0         300,000  
12 GACC Hotel Indigo & Austin The greatest of (i) 2.0% of prior month’s gross revenues through and including 8/1/2018, 3.0% of prior month’s gross revenues beginning 9/1/2018 through and including 8/1/2019, 4.0% of prior month’s gross revenues thereafter, (ii) the amount required under the Management Agreement and (iii) the amount required under the Franchise Agreement for FF&E 0 0 52,170 8,875 Springing Seasonality Reserve; PIP Reserve; Low Debt Service Cure Reserve: Springing          
13 CREFI Braddock Metro Center 6,049 0 19,724 95,318 Springing 0            
14 CREFI BlueLinx Portfolio Springing 0 Springing Springing Springing 0            
14.01 CREFI BlueLinx Frederick                        
14.02 CREFI BlueLinx Bellingham                        
14.03 CREFI BlueLinx Lawrenceville                        
14.04 CREFI BlueLinx Butner                        
15 GACC Marina Heights State Farm Springing 0 Springing Springing Springing 0            
16 CREFI Red Building 6,859 0 Springing 192,071 8,082 0         3,966,820  
17 JPMCB 599 Broadway 0 0 0 Springing Springing 0            
18 JPMCB Lehigh Valley Mall Springing 0 81,785 Springing Springing Springing Release Parcel Reserve   327,140   2,994,258  
19 JPMCB Atrium Center 0 0 0 Springing Springing Springing Life Time Fitness Reserve          
20 GACC Signature Place Condominiums 6,250 0 0 26,173 1,304 0            
21 JPMCB 90 Hudson Springing 0 Springing Springing Springing Springing Tenant Trigger Reserve; Partial Termination Reserve   172,663   2,589,948  
22 JPMCB Marriott Charlotte City Center Springing 0 0 Springing Springing 0            
23 GACC Two Harbor Point Square 2,335 0 20,833 80,167 Springing 1,482 WPCA Assessment Reserve: 1,482; Declaration Assessment Reserve: Springing          
24 CREFI One Parkway North Fee 0 0 0 Springing Springing Springing Additional Reserve          
25 CREFI Village Green of Waterford 9,113 0 0 22,318 9,536 0            
26 GACC Gateway Plaza 1,565 0 8,238 30,613 Springing 0     93,913   300,000  
27 CREFI 32 East Shopping Center 2,991 0 15,743 20,381 Springing 0            
28 CREFI Hilton Garden Inn - Atlanta Airport North 1/12 of 2% of Gross Revenues (initially estimated at $12,192) 0 0 40,904 8,251 Springing PIP Reserve; Seasonality Reserve          
29 GACC 220 Northwest 8th Avenue 2,901 0 11,156 3,846 Springing 0     110,000   401,610  
30 GACC Corporate Plaza 3,774 0 20,833 35,613 Springing Springing Free Rent Reserve   226,498   3,000,000  
31 JPMCB Residence Inn Augusta 4% of Gross Revenues 0 0 20,000 Springing Springing PIP Reserve   620,000      
32 JPMCB Towers at University Town Center 11,375 0 0 116,810 Springing 0            
33 GACC Fairfield Portfolio 4% of projected Rents 0 0 8,651 4,696 Springing Seasonality Reserve          
33.01 GACC Fairfield Inn & Suites - Greensboro                        
33.02 GACC Fairfield Inn & Suites - High Point                        
34 GACC Sabre Center II 1,548 0 15,054 22,231 Springing 0         620,000  
35 JPMCB Beacon - Criterion 5,646 0 0 68,620 Springing 0            
36 CREFI Holiday Inn Express New Orleans 1/12 of 2% of Gross Revenues (initially estimated at $7,978) 0 0 22,161 8,129 Springing Seasonality Reserve          
37 JPMCB Lost Tree Financial Center 953 0 7,875 13,186 Springing 0         378,000  
38 GACC Coral Club Apartments 5,500 0 0 19,155 6,274 0     198,000      
39 JPMCB Beacon - Hague 5,021 0 0 70,166 Springing 0            
40 CREFI Sam’s Club Atlanta 0 0 3,158 Springing Springing Springing Ground Lease Reserve          
41 CREFI Marshall’s Plaza 1,624 0 6,497 37,173 2,017 0         389,823  
42 JPMCB Beacon - Paramount 4,813 0 0 51,555 Springing 0            
43 JPMCB Hampton Inn Albuquerque University 4% of Gross Revenues 0 0 5,712 2,707 Springing PIP Reserve          
44 GACC 564 6th Street 219 0 Springing 4,837 369 0            
45 GACC Homewood Commons 2,813 0 Springing 11,626 3,099 0     101,275   500,000  
46 JPMCB Beacon - Mercury / Garage 4,750 0 0 29,082 Springing 0            
47 GACC Centre Point Plaza Springing 0 Springing 12,529 1,960 0         200,000  
48 CREFI Amsdell Georgia Portfolio 1,912 0 0 9,122 Springing 0     68,838      
48.01 CREFI Compass Self Storage Conyers                        
48.02 CREFI McDonough-Henry Self Storage                        
48.03 CREFI American Self Storage Center                        
49 JPMCB Beacon - Orpheum 3,292 0 0 36,934 Springing 0            
50 GACC Four Points Nashville Airport The greatest of (i) 2.0% of prior month’s gross revenues through and including 12/6/2018, 3.0% of prior month’s gross revenues beginning 1/6/2019 through and including 12/6/2020, 4.0% of prior month’s gross revenues thereafter, (ii) the amount required under the Management Agreement and (iii) the amount required under the Franchise Agreement for FF&E 0 0 13,117 Springing Springing Seasonality Reserve          
51 GACC Nelson Duffie Mobile Home Parks Springing 0 0 3,072 1,961 0     25,800      
51.01 GACC Riverside Mobile Home Park                        
51.02 GACC Oaks Mobile Home Park                        
52 GACC Steeplechase Plaza 1,586 0 Springing 6,544 Springing 0     76,129   250,000  
53 JPMCB Beacon - Tower 2,667 0 0 26,840 Springing 0            
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area 4% of Gross Revenues 0 0 5,335 1,148 Springing PIP Reserve; Seasonality Reserve          
55 CREFI 5657 Copley Drive 230 0 0 Springing 452 0            
56 CREFI WAG Lawrenceville 181 0 Springing Springing 1,846 0            
57 CREFI Rite Aid Johnstown Springing 0 Springing Springing 640 0            

 

 A-1-9

 

 

ANNEX A-1

           
      RESERVE CAPS(21)
           
      Insur. Debt Service Other
Loan # Seller(1) Property Name  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)
1 CREFI Central Park of Lisle 23,934    
2 JPMCB Promenade Shops at Aventura     An amount equal to $20.00 multiplied by the leasable area at the Property that is subject to the Nordstrom Lease
3 GACC Apple Campus 3   30,892,995 30,892,995
4 JPMCB EOS 21      
5 GACC Rochester Hotel Portfolio     Seasonality Reserve: 300,000; PIP Reserve: 1,800,000
5.01 GACC Rochester Marriott      
5.02 GACC Kahler Grand      
5.03 GACC Kahler Inn & Suites      
5.04 GACC Residence Inn Rochester      
6 GACC InterContinental San Francisco      
7 GACC Sentinel Square II      
8 CREFI The Woods      
9 JPMCB 600 Clipper      
10 GACC Worldwide Plaza     42,286,860
11 CREFI 64 Wooster Street      
12 GACC Hotel Indigo & Austin      
13 CREFI Braddock Metro Center      
14 CREFI BlueLinx Portfolio      
14.01 CREFI BlueLinx Frederick      
14.02 CREFI BlueLinx Bellingham      
14.03 CREFI BlueLinx Lawrenceville      
14.04 CREFI BlueLinx Butner      
15 GACC Marina Heights State Farm      
16 CREFI Red Building      
17 JPMCB 599 Broadway      
18 JPMCB Lehigh Valley Mall      
19 JPMCB Atrium Center     4,500,000
20 GACC Signature Place Condominiums      
21 JPMCB 90 Hudson     Tenant Trigger Reserve: An amount which, when added to the amounts in the Tenant Trigger Reserve Account and the Partial Termination Reserve Account, is equal to the number of rentable square feet comprising the Tenant Sweep Space multiplied by $50.00
22 JPMCB Marriott Charlotte City Center      
23 GACC Two Harbor Point Square      
24 CREFI One Parkway North Fee      
25 CREFI Village Green of Waterford      
26 GACC Gateway Plaza      
27 CREFI 32 East Shopping Center      
28 CREFI Hilton Garden Inn - Atlanta Airport North      
29 GACC 220 Northwest 8th Avenue      
30 GACC Corporate Plaza      
31 JPMCB Residence Inn Augusta      
32 JPMCB Towers at University Town Center      
33 GACC Fairfield Portfolio     200,000
33.01 GACC Fairfield Inn & Suites - Greensboro      
33.02 GACC Fairfield Inn & Suites - High Point      
34 GACC Sabre Center II      
35 JPMCB Beacon - Criterion      
36 CREFI Holiday Inn Express New Orleans      
37 JPMCB Lost Tree Financial Center      
38 GACC Coral Club Apartments      
39 JPMCB Beacon - Hague      
40 CREFI Sam’s Club Atlanta      
41 CREFI Marshall’s Plaza      
42 JPMCB Beacon - Paramount      
43 JPMCB Hampton Inn Albuquerque University      
44 GACC 564 6th Street      
45 GACC Homewood Commons      
46 JPMCB Beacon - Mercury / Garage      
47 GACC Centre Point Plaza      
48 CREFI Amsdell Georgia Portfolio      
48.01 CREFI Compass Self Storage Conyers      
48.02 CREFI McDonough-Henry Self Storage      
48.03 CREFI American Self Storage Center      
49 JPMCB Beacon - Orpheum      
50 GACC Four Points Nashville Airport     150,000
51 GACC Nelson Duffie Mobile Home Parks      
51.01 GACC Riverside Mobile Home Park      
51.02 GACC Oaks Mobile Home Park      
52 GACC Steeplechase Plaza      
53 JPMCB Beacon - Tower      
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area      
55 CREFI 5657 Copley Drive      
56 CREFI WAG Lawrenceville      
57 CREFI Rite Aid Johnstown      

 

 A-1-10

 

 

ANNEX A-1

                       
          LARGEST TENANT (3), (22), (23), (24)   2nd LARGEST TENANT (3), (22), (23), (24)
                       
        Single     Lease       Lease
Loan # Seller(1) Property Name   Tenant Largest Tenant Unit Size Expiration   2nd Largest Tenant Unit Size Expiration
1 CREFI Central Park of Lisle   No Armour-Eckrich Meats LLC 96,007 11/30/27   CA Technologies 72,925 04/30/25
2 JPMCB Promenade Shops at Aventura   No Marshalls 48,385 01/31/19   Winn Dixie 35,922 03/31/19
3 GACC Apple Campus 3   Yes Apple 882,657 02/28/31        
4 JPMCB EOS 21   No              
5 GACC Rochester Hotel Portfolio   No              
5.01 GACC Rochester Marriott   No              
5.02 GACC Kahler Grand   No              
5.03 GACC Kahler Inn & Suites   No              
5.04 GACC Residence Inn Rochester   No              
6 GACC InterContinental San Francisco   No              
7 GACC Sentinel Square II   No District of Columbia 164,110 02/28/29   Federal Election Commission 99,677 11/30/32
8 CREFI The Woods   No              
9 JPMCB 600 Clipper   Yes Volkswagen Group of America 158,596 12/31/25        
10 GACC Worldwide Plaza   No Nomura Holding America Inc. 819,906 09/30/33   Cravath, Swaine & Moore LLP 617,135 08/31/24
11 CREFI 64 Wooster Street   No GCU New York 13,500 03/31/29   Harbinger Group 12,000 11/30/18
12 GACC Hotel Indigo & Austin   No              
13 CREFI Braddock Metro Center   No GSA (United States Department of Agriculture) 131,000 05/31/33   Alexandria City School Board 84,693 05/31/29
14 CREFI BlueLinx Portfolio   Yes              
14.01 CREFI BlueLinx Frederick   Yes BlueLinx Corporation 680,252 12/31/32        
14.02 CREFI BlueLinx Bellingham   Yes BlueLinx Corporation 489,950 12/31/32        
14.03 CREFI BlueLinx Lawrenceville   Yes BlueLinx Corporation 585,637 12/31/32        
14.04 CREFI BlueLinx Butner   Yes BlueLinx Corporation 551,996 12/31/32        
15 GACC Marina Heights State Farm   No State Farm 1,973,248 12/31/42   Mountainside Fitness 17,485 03/31/27
16 CREFI Red Building   No WeWork 69,534 01/31/30   Whalerock Industries 36,163 10/31/26
17 JPMCB 599 Broadway   Yes 599 Broadway JS, LLC (Jeff Sutton) 42,000 02/28/57        
18 JPMCB Lehigh Valley Mall   No Bob’s Discount Furniture 30,204 03/31/28   Barnes & Noble 29,874 01/31/23
19 JPMCB Atrium Center   No Dana Farber Cancer Institute 143,750 04/30/33   Life Time Fitness 116,524 11/30/37
20 GACC Signature Place Condominiums   No              
21 JPMCB 90 Hudson   No Lord Abbett 261,350 12/31/24   Charles Komar & Sons 159,341 12/31/31
22 JPMCB Marriott Charlotte City Center   No              
23 GACC Two Harbor Point Square   No X.L. Global Services, Inc. 47,838 09/30/22   Structured Portfolio Management, L.L.C. 23,919 11/30/22
24 CREFI One Parkway North Fee   No              
25 CREFI Village Green of Waterford   No              
26 GACC Gateway Plaza   No State Of California 25,306 03/31/24   Regus 14,379 05/31/24
27 CREFI 32 East Shopping Center   No Burlington Coat Factory 45,901 02/28/30   Stein Mart, Inc. 25,500 03/31/27
28 CREFI Hilton Garden Inn - Atlanta Airport North   No              
29 GACC 220 Northwest 8th Avenue   Yes WeWork 66,935 06/30/32        
30 GACC Corporate Plaza   No United States of America General Services Administration (IRS) 36,301 09/15/24   Rental Concepts, Inc. d/b/a Fleet Response 24,148 08/31/21
31 JPMCB Residence Inn Augusta   No              
32 JPMCB Towers at University Town Center   No              
33 GACC Fairfield Portfolio   No              
33.01 GACC Fairfield Inn & Suites - Greensboro   No              
33.02 GACC Fairfield Inn & Suites - High Point   No              
34 GACC Sabre Center II   No Globaltech 11,673 09/30/24   Trilogy Educational 11,112 11/30/22
35 JPMCB Beacon - Criterion   No              
36 CREFI Holiday Inn Express New Orleans   No              
37 JPMCB Lost Tree Financial Center   No Ameriprise Holdings, Inc. 14,185 01/31/25   Otter Creek 5,099 07/31/21
38 GACC Coral Club Apartments   No              
39 JPMCB Beacon - Hague   No              
40 CREFI Sam’s Club Atlanta   Yes Sam’s Club 129,562 05/31/26        
41 CREFI Marshall’s Plaza   No Bob’s Stores 41,114 01/31/28   Marshalls 28,000 01/31/26
42 JPMCB Beacon - Paramount   No              
43 JPMCB Hampton Inn Albuquerque University   No              
44 GACC 564 6th Street   Yes City and County of San Francisco 17,500 06/30/26        
45 GACC Homewood Commons   No Restaurant Depot 52,091 06/30/23   Altitude Trampoline Park 30,000 12/31/23
46 JPMCB Beacon - Mercury / Garage   No              
47 GACC Centre Point Plaza   No Belk, Inc. 58,801 12/31/22   Burke’s Outlet Stores, LLC 32,230 01/31/21
48 CREFI Amsdell Georgia Portfolio   No              
48.01 CREFI Compass Self Storage Conyers   No              
48.02 CREFI McDonough-Henry Self Storage   No              
48.03 CREFI American Self Storage Center   No              
49 JPMCB Beacon - Orpheum   No              
50 GACC Four Points Nashville Airport   No              
51 GACC Nelson Duffie Mobile Home Parks   No              
51.01 GACC Riverside Mobile Home Park   No              
51.02 GACC Oaks Mobile Home Park   No              
52 GACC Steeplechase Plaza   No Bealls Outlet 23,750 04/30/28   Save-a-Lot 16,200 02/28/21
53 JPMCB Beacon - Tower   No              
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area   No              
55 CREFI 5657 Copley Drive   Yes Mr. Copy, Inc. 18,434 02/28/25        
56 CREFI WAG Lawrenceville   Yes Walgreens 14,490 12/31/29        
57 CREFI Rite Aid Johnstown   Yes Rite Aid 11,115 01/31/37        

 

 A-1-11

 

 

ANNEX A-1

                             
        3rd LARGEST TENANT (3), (22), (23), (24)   4th LARGEST TENANT (3), (23), (24)   5th LARGEST TENANT (3), (24)
                             
            Lease       Lease       Lease
Loan # Seller(1) Property Name   3rd Largest Tenant Unit Size Expiration   4th Largest Tenant Unit Size Expiration   5th Largest Tenant Unit Size Expiration
1 CREFI Central Park of Lisle   EMC Corporation 43,879 12/31/23   Kantar LLC 43,400 01/31/25   Lifestart 37,137 04/30/22
2 JPMCB Promenade Shops at Aventura   Nordstrom Rack 34,707 03/31/21   Michaels Stores, Inc. 21,213 03/01/20   Olympia Gym 15,914 03/31/25
3 GACC Apple Campus 3                        
4 JPMCB EOS 21                        
5 GACC Rochester Hotel Portfolio                        
5.01 GACC Rochester Marriott                        
5.02 GACC Kahler Grand                        
5.03 GACC Kahler Inn & Suites                        
5.04 GACC Residence Inn Rochester                        
6 GACC InterContinental San Francisco                        
7 GACC Sentinel Square II                        
8 CREFI The Woods                        
9 JPMCB 600 Clipper                        
10 GACC Worldwide Plaza   Mercury Parking LLC 131,971 11/30/27   WNET.ORG and THIRTEEN 102,709 08/31/26   Rubenstein Associates, Inc. 68,432 04/30/31
11 CREFI 64 Wooster Street   Steven Meisel 6,000 11/30/23   Kaleidoscope 6,000 07/31/26   Moulton Dermatology 3,000 01/31/27
12 GACC Hotel Indigo & Austin                        
13 CREFI Braddock Metro Center   Close Up Foundation 13,594 12/31/21   Gifts in Kind International / Good360 12,968 12/31/21   Phase2 Technology, LLC 11,348 12/31/21
14 CREFI BlueLinx Portfolio                        
14.01 CREFI BlueLinx Frederick                        
14.02 CREFI BlueLinx Bellingham                        
14.03 CREFI BlueLinx Lawrenceville                        
14.04 CREFI BlueLinx Butner                        
15 GACC Marina Heights State Farm   Compass 16,800 12/31/31   Honor Health 5,736 07/31/27        
16 CREFI Red Building   Gaumont Television USA 30,388 07/31/27   Clique Media 28,346 01/31/26   Abrams Artist Agency 26,668 01/31/28
17 JPMCB 599 Broadway                        
18 JPMCB Lehigh Valley Mall   Modell’s Sporting Goods 13,882 01/31/22   Pottery Barn 13,011 01/31/20   New York & Company 11,306 03/31/18
19 JPMCB Atrium Center   CCRM 17,936 05/31/32   Boylston Street Dental 8,725 04/30/33   Newton - Wellesley Hospital 6,185 12/31/27
20 GACC Signature Place Condominiums                        
21 JPMCB 90 Hudson                        
22 JPMCB Marriott Charlotte City Center                        
23 GACC Two Harbor Point Square   McKinsey & Company, Inc. 23,919 07/31/21   Castleton Commodities 16,574 05/31/27   Insight Global 7,345 04/30/22
24 CREFI One Parkway North Fee                        
25 CREFI Village Green of Waterford                        
26 GACC Gateway Plaza   North LA County Regional Center 11,080 05/31/21   Poole & Shaffery, LLP 9,229 04/30/22   California United Bank 6,953 05/31/27
27 CREFI 32 East Shopping Center   Michaels Stores, Inc. 23,957 02/28/20   HomeGoods 21,000 04/30/26   Ulta 10,243 06/30/26
28 CREFI Hilton Garden Inn - Atlanta Airport North                        
29 GACC 220 Northwest 8th Avenue                        
30 GACC Corporate Plaza   United States of America General Services Administration (Secret Service) 15,373 09/30/20   Advizex Technologies, LLC. 13,359 06/30/21   EMC Corporation 13,030 11/30/18
31 JPMCB Residence Inn Augusta                        
32 JPMCB Towers at University Town Center                        
33 GACC Fairfield Portfolio                        
33.01 GACC Fairfield Inn & Suites - Greensboro                        
33.02 GACC Fairfield Inn & Suites - High Point                        
34 GACC Sabre Center II   HCL America Inc 6,921 10/31/22   Broadsoft 6,650 11/30/22   Beacon Group, Inc. 5,637 01/31/21
35 JPMCB Beacon - Criterion                        
36 CREFI Holiday Inn Express New Orleans                        
37 JPMCB Lost Tree Financial Center   Lowry Research Corporation 5,009 03/31/28   Williams, Leininger & Cosby, P.A. 4,981 11/30/25   Center for Discovery 4,563 09/30/21
38 GACC Coral Club Apartments                        
39 JPMCB Beacon - Hague                        
40 CREFI Sam’s Club Atlanta                        
41 CREFI Marshall’s Plaza   Toni & Guy Hairdressing Academy 12,020 07/31/20   Dollar Tree 10,013 02/28/23   Lakeshore Learning Store 7,500 10/31/18
42 JPMCB Beacon - Paramount                        
43 JPMCB Hampton Inn Albuquerque University                        
44 GACC 564 6th Street                        
45 GACC Homewood Commons   Dirt Cheap 30,000 05/31/20   Planet Fitness 20,000 02/28/25   AT&T Mobility 10,000 03/31/19
46 JPMCB Beacon - Mercury / Garage                        
47 GACC Centre Point Plaza   Dollar Tree Stores, Inc. 21,000 05/31/20   Aaron’s, Inc. 10,150 12/31/19   Hibbett Sporting Goods, Inc. 5,200 08/31/19
48 CREFI Amsdell Georgia Portfolio                        
48.01 CREFI Compass Self Storage Conyers                        
48.02 CREFI McDonough-Henry Self Storage                        
48.03 CREFI American Self Storage Center                        
49 JPMCB Beacon - Orpheum                        
50 GACC Four Points Nashville Airport                        
51 GACC Nelson Duffie Mobile Home Parks                        
51.01 GACC Riverside Mobile Home Park                        
51.02 GACC Oaks Mobile Home Park                        
52 GACC Steeplechase Plaza   Thrift Store 12,000 06/16/27   Davita 9,995 11/30/27   Ace 7,500 09/30/24
53 JPMCB Beacon - Tower                        
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area                        
55 CREFI 5657 Copley Drive                        
56 CREFI WAG Lawrenceville                        
57 CREFI Rite Aid Johnstown                        

 

 A-1-12

 

 

ANNEX A-1

             
        Loan   Lockbox
Loan # Seller(1) Property Name   Purpose Principal / Carveout Guarantor(25)  (Y/N)
1 CREFI Central Park of Lisle   Acquisition Lincoln Property Company Commercial, Inc. Yes
2 JPMCB Promenade Shops at Aventura   Refinance Andrew D. Gumberg Yes
3 GACC Apple Campus 3   Refinance Paul Guarantor LLC Yes
4 JPMCB EOS 21   Acquisition CIM SMA I-B Investments, LLC Yes
5 GACC Rochester Hotel Portfolio   Refinance Javon R. Bea, Vita E. Bea Yes
5.01 GACC Rochester Marriott        
5.02 GACC Kahler Grand        
5.03 GACC Kahler Inn & Suites        
5.04 GACC Residence Inn Rochester        
6 GACC InterContinental San Francisco   Refinance CDC San Francisco LLC Yes
7 GACC Sentinel Square II   Acquisition Hana Alternative Asset Management Co., Ltd. Yes
8 CREFI The Woods   Refinance Arcadia Development Co. Yes
9 JPMCB 600 Clipper   Acquisition Gemini-Rosemont Realty LLC Yes
10 GACC Worldwide Plaza   Refinance SL Green Operating Partnership, L.P., RXR Real Estate Value Added Fund - Fund III LP, RXR RE VAF - Fund III Parallel A LP, RXR RE VAF - Fund III Parallel B LP, RXR RE VAF - Fund III Parallel B (REIT) LP, RXR RE VAF - Fund III Parallel C LP, RXR RE VAF - Fund III Parallel D LP Yes
11 CREFI 64 Wooster Street   Refinance Esshagh Dario Zar Yes
12 GACC Hotel Indigo & Austin   Acquisition The David and Angella Nazarian Family Trust, dated May 18, 1994, David Nazarian Yes
13 CREFI Braddock Metro Center   Acquisition Kawa Capital Partners LLC, Kawa Investments LLC Yes
14 CREFI BlueLinx Portfolio   Acquisition Michael W. Brennan, Scott D. McKibben, Samuel A. Mandarino, Robert G. Vanecko, Eduardo E. Paneque, Allen Crosswell, Greenwood Holding Company LLC, William T. MacMane, Brad O’Halloran Yes
14.01 CREFI BlueLinx Frederick        
14.02 CREFI BlueLinx Bellingham        
14.03 CREFI BlueLinx Lawrenceville        
14.04 CREFI BlueLinx Butner        
15 GACC Marina Heights State Farm   Acquisition Transwestern Investment Group, Corporate Properties Trust III, L.P. Yes
16 CREFI Red Building   Refinance Charles Steven Cohen Yes
17 JPMCB 599 Broadway   Refinance Arthur Cornfeld, Alan Fisher, David Topping Yes
18 JPMCB Lehigh Valley Mall   Refinance Simon Property Group, L.P., Pennsylvania Real Estate Investment Trust Yes
19 JPMCB Atrium Center   Recapitalization NAP Yes
20 GACC Signature Place Condominiums   Refinance Janet LePage, Jim Szabo, Tony Quattrin, Robert Tanaka, David Steele Yes
21 JPMCB 90 Hudson   Refinance SSC V, L.P. Yes
22 JPMCB Marriott Charlotte City Center   Acquisition Carey Watermark Investors 2 Incorporated Yes
23 GACC Two Harbor Point Square   Refinance Harbor Point Holding Company LLC Yes
24 CREFI One Parkway North Fee   Acquisition Kawa Capital Partners LLC Yes
25 CREFI Village Green of Waterford   Acquisition Shawn Stafford Yes
26 GACC Gateway Plaza   Refinance Thomas R. Von Der Ahe, Thomas R. Von Der Ahe, Jr. Yes
27 CREFI 32 East Shopping Center   Acquisition Robert L. Stark Yes
28 CREFI Hilton Garden Inn - Atlanta Airport North   Refinance Ramesh S. Patel Yes
29 GACC 220 Northwest 8th Avenue   Acquisition Philip Barach, Barach Family Living Trust Dated February 11, 2008 Yes
30 GACC Corporate Plaza   Acquisition Brad Coven, Joseph Greenberg Yes
31 JPMCB Residence Inn Augusta   Refinance Dilipkumar Patel, Bipin Hira Yes
32 JPMCB Towers at University Town Center   Acquisition Harold Rosenblum Yes
33 GACC Fairfield Portfolio   Acquisition Hiren Patel, Balkrishna Patel Yes
33.01 GACC Fairfield Inn & Suites - Greensboro        
33.02 GACC Fairfield Inn & Suites - High Point        
34 GACC Sabre Center II   Refinance Marla Steinman Yes
35 JPMCB Beacon - Criterion   Refinance BLT Real Estate JV8 LLC Yes
36 CREFI Holiday Inn Express New Orleans   Acquisition JMI Realty, LLC Yes
37 JPMCB Lost Tree Financial Center   Refinance Charles M. Bayer, Jr. Yes
38 GACC Coral Club Apartments   Refinance Shyam H. Hingorani Yes
39 JPMCB Beacon - Hague   Refinance BLT Real Estate JV8 LLC Yes
40 CREFI Sam’s Club Atlanta   Refinance Mohannad Malas, The Mohannad & Rana Malas Family Trust Yes
41 CREFI Marshall’s Plaza   Acquisition Jon Goldberg, Leo Bernstein Yes
42 JPMCB Beacon - Paramount   Refinance BLT Real Estate JV8 LLC Yes
43 JPMCB Hampton Inn Albuquerque University   Refinance Anthony Jon Sherman Yes
44 GACC 564 6th Street   Refinance Guardian Commercial Real Estate, L.P. Yes
45 GACC Homewood Commons   Acquisition K. Lawrence Gragg, Blake R. Berg, Mark C. Ibanez Yes
46 JPMCB Beacon - Mercury / Garage   Refinance BLT Real Estate JV8 LLC Yes
47 GACC Centre Point Plaza   Acquisition Mark M. Salomon, Patricia Ostermeier Yes
48 CREFI Amsdell Georgia Portfolio   Acquisition/Recapitalization Robert J. Amsdell, Barry L. Amsdell Yes
48.01 CREFI Compass Self Storage Conyers        
48.02 CREFI McDonough-Henry Self Storage        
48.03 CREFI American Self Storage Center        
49 JPMCB Beacon - Orpheum   Refinance BLT Real Estate JV8 LLC Yes
50 GACC Four Points Nashville Airport   Refinance Nimesh Patel, Nitesh Patel Yes
51 GACC Nelson Duffie Mobile Home Parks   Refinance Richard R. Nelson III, John C. Duffie Yes
51.01 GACC Riverside Mobile Home Park        
51.02 GACC Oaks Mobile Home Park        
52 GACC Steeplechase Plaza   Refinance Timothy J. O’Neill, Jr. Yes
53 JPMCB Beacon - Tower   Refinance BLT Real Estate JV8 LLC Yes
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area   Acquisition Anthony Jon Sherman Yes
55 CREFI 5657 Copley Drive   Acquisition Roy Doumani Yes
56 CREFI WAG Lawrenceville   Acquisition David Feldman Yes
57 CREFI Rite Aid Johnstown   Acquisition Thomas Anderson Yes

 

 A-1-13

 

 

ANNEX A-1

                         
          Pari Passu Debt   Additional Debt
            Pari Passu Pari Passu Pari Passu Total Cut-off      
      Lockbox Cash Pari Passu Note Control Piece  In Trust Piece Non Trust Date Pari   Addit Debt Addit Debt
Loan # Seller(1) Property Name  Type(26) Management(26) (Y/N)  (Y/N)(27) Cut-Off Balance Cut-Off Balance Passu Debt   Permitted (Y/N)  Exist (Y/N)(28)
1 CREFI Central Park of Lisle Hard Springing No NAP NAP NAP NAP   No Yes
2 JPMCB Promenade Shops at Aventura Hard In Place No NAP NAP NAP NAP   Yes No
3 GACC Apple Campus 3 Hard In Place Yes No 68,000,000 272,000,000 340,000,000   No Yes
4 JPMCB EOS 21 Soft Springing Yes Yes 60,000,000 90,000,000 150,000,000   Yes No
5 GACC Rochester Hotel Portfolio Hard Springing Yes Yes 60,000,000 80,000,000 140,000,000   No No
5.01 GACC Rochester Marriott                    
5.02 GACC Kahler Grand                    
5.03 GACC Kahler Inn & Suites                    
5.04 GACC Residence Inn Rochester                    
6 GACC InterContinental San Francisco Springing Springing Yes Yes 59,922,671 49,935,559 109,858,230   Yes No
7 GACC Sentinel Square II Hard In Place Yes Yes 57,660,000 45,000,000 102,660,000   No No
8 CREFI The Woods Springing Springing Yes No 57,500,000 142,500,000 200,000,000   No No
9 JPMCB 600 Clipper Hard Springing No NAP NAP NAP NAP   No No
10 GACC Worldwide Plaza Hard Springing Yes No 50,000,000 566,286,000 616,286,000   Yes Yes
11 CREFI 64 Wooster Street Hard Springing No NAP NAP NAP NAP   No No
12 GACC Hotel Indigo & Austin Hard Springing No NAP NAP NAP NAP   Yes No
13 CREFI Braddock Metro Center Hard Springing Yes Yes 44,200,000 30,000,000 74,200,000   No No
14 CREFI BlueLinx Portfolio Springing Springing Yes Yes 42,900,000 28,600,000 71,500,000   No No
14.01 CREFI BlueLinx Frederick                    
14.02 CREFI BlueLinx Bellingham                    
14.03 CREFI BlueLinx Lawrenceville                    
14.04 CREFI BlueLinx Butner                    
15 GACC Marina Heights State Farm Hard Springing Yes No 41,000,000 519,000,000 560,000,000   No No
16 CREFI Red Building Hard Springing Yes Yes 40,000,000 40,000,000 80,000,000   Yes Yes
17 JPMCB 599 Broadway Hard Springing Yes Yes 40,000,000 35,000,000 75,000,000   Yes No
18 JPMCB Lehigh Valley Mall Hard Springing Yes No 35,355,560 163,830,696 199,186,256   No No
19 JPMCB Atrium Center Hard Springing Yes No 35,000,000 80,000,000 115,000,000   No No
20 GACC Signature Place Condominiums Soft Springing No NAP NAP NAP NAP   No No
21 JPMCB 90 Hudson Hard Springing Yes No 30,000,000 100,000,000 130,000,000   No No
22 JPMCB Marriott Charlotte City Center Soft Springing Yes No 30,000,000 73,000,000 103,000,000   No No
23 GACC Two Harbor Point Square Hard In Place Yes No 24,750,000 24,750,000 49,500,000   No Yes
24 CREFI One Parkway North Fee Hard Springing No NAP NAP NAP NAP   No No
25 CREFI Village Green of Waterford Springing Springing No NAP NAP NAP NAP   No No
26 GACC Gateway Plaza Hard Springing No NAP NAP NAP NAP   No No
27 CREFI 32 East Shopping Center Hard Springing No NAP NAP NAP NAP   No No
28 CREFI Hilton Garden Inn - Atlanta Airport North Springing Springing No NAP NAP NAP NAP   No No
29 GACC 220 Northwest 8th Avenue Hard Springing No NAP NAP NAP NAP   No No
30 GACC Corporate Plaza Hard Springing No NAP NAP NAP NAP   No No
31 JPMCB Residence Inn Augusta Hard Springing No NAP NAP NAP NAP   No No
32 JPMCB Towers at University Town Center Soft In Place Yes Yes 15,000,000 31,000,000 46,000,000   No No
33 GACC Fairfield Portfolio Hard In Place No NAP NAP NAP NAP   No Yes
33.01 GACC Fairfield Inn & Suites - Greensboro                    
33.02 GACC Fairfield Inn & Suites - High Point                    
34 GACC Sabre Center II Springing Springing No NAP NAP NAP NAP   No No
35 JPMCB Beacon - Criterion Soft In Place Yes No 13,305,255 24,675,200 37,980,455   No Yes
36 CREFI Holiday Inn Express New Orleans Hard Springing No NAP NAP NAP NAP   No No
37 JPMCB Lost Tree Financial Center Springing Springing No NAP NAP NAP NAP   No No
38 GACC Coral Club Apartments Springing Springing No NAP NAP NAP NAP   No No
39 JPMCB Beacon - Hague Soft In Place Yes No 11,420,588 21,180,000 32,600,588   No Yes
40 CREFI Sam’s Club Atlanta Springing Springing No NAP NAP NAP NAP   No No
41 CREFI Marshall’s Plaza Springing Springing No NAP NAP NAP NAP   No No
42 JPMCB Beacon - Paramount Soft In Place Yes No 9,703,725 17,996,000 27,699,725   No Yes
43 JPMCB Hampton Inn Albuquerque University Hard Springing No NAP NAP NAP NAP   No No
44 GACC 564 6th Street Hard Springing No NAP NAP NAP NAP   No No
45 GACC Homewood Commons Springing Springing No NAP NAP NAP NAP   No No
46 JPMCB Beacon - Mercury / Garage Soft In Place Yes No 7,968,529 14,778,000 22,746,529   No Yes
47 GACC Centre Point Plaza Springing Springing No NAP NAP NAP NAP   No No
48 CREFI Amsdell Georgia Portfolio Springing Springing No NAP NAP NAP NAP   No No
48.01 CREFI Compass Self Storage Conyers                    
48.02 CREFI McDonough-Henry Self Storage                    
48.03 CREFI American Self Storage Center                    
49 JPMCB Beacon - Orpheum Soft In Place Yes No 7,417,020 13,755,200 21,172,220   No Yes
50 GACC Four Points Nashville Airport Springing Springing No NAP NAP NAP NAP   No No
51 GACC Nelson Duffie Mobile Home Parks Springing Springing No NAP NAP NAP NAP   No No
51.01 GACC Riverside Mobile Home Park                    
51.02 GACC Oaks Mobile Home Park                    
52 GACC Steeplechase Plaza Springing Springing No NAP NAP NAP NAP   No No
53 JPMCB Beacon - Tower Soft In Place Yes No 5,184,882 9,615,600 14,800,482   No Yes
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area Hard Springing No NAP NAP NAP NAP   No No
55 CREFI 5657 Copley Drive Hard Springing No NAP NAP NAP NAP   No No
56 CREFI WAG Lawrenceville Springing Springing No NAP NAP NAP NAP   No No
57 CREFI Rite Aid Johnstown Springing Springing No NAP NAP NAP NAP   No No

 

 A-1-14

 

 

ANNEX A-1

                 
      Additional Debt   Total Debt
        Additional       Total Debt
      Additional Debt Cut off Additional Debt   Total Debt  UW NCF
Loan # Seller(1) Property Name Debt Type(s) Date Balance Interest Rate    Cut-off Balance  DSCR
1 CREFI Central Park of Lisle B-Note 14,350,000 7.60000   93,850,000 1.96
2 JPMCB Promenade Shops at Aventura Permitted Mezzanine NAP NAP   NAP NAP
3 GACC Apple Campus 3 Senior Mezzanine Loan ($117,500,000)/Junior Mezzanine Loan ($117,500,000) 235,000,000 5.31000   575,000,000 1.70
4 JPMCB EOS 21 Permitted Mezzanine NAP NAP   150,000,000 1.87
5 GACC Rochester Hotel Portfolio NAP NAP NAP   140,000,000 1.50
5.01 GACC Rochester Marriott           1.50
5.02 GACC Kahler Grand           1.50
5.03 GACC Kahler Inn & Suites           1.50
5.04 GACC Residence Inn Rochester           1.50
6 GACC InterContinental San Francisco Permitted Mezzanine NAP NAP   109,858,230 2.29
7 GACC Sentinel Square II NAP NAP NAP   102,660,000 2.70
8 CREFI The Woods NAP NAP NAP   200,000,000 5.01
9 JPMCB 600 Clipper NAP NAP NAP   NAP NAP
10 GACC Worldwide Plaza B-Notes (323,714,000)/Mezzanine Loans (260,000,000)/Permitted Mezzanine/Permitted Debt-like Preferred Equity 583,714,000 4.38412   1,200,000,000 1.75
11 CREFI 64 Wooster Street NAP NAP NAP   NAP NAP
12 GACC Hotel Indigo & Austin Permitted Mezzanine NAP NAP   NAP NAP
13 CREFI Braddock Metro Center NAP NAP NAP   74,200,000 1.49
14 CREFI BlueLinx Portfolio NAP NAP NAP   71,500,000 2.46
14.01 CREFI BlueLinx Frederick           2.46
14.02 CREFI BlueLinx Bellingham           2.46
14.03 CREFI BlueLinx Lawrenceville           2.46
14.04 CREFI BlueLinx Butner           2.46
15 GACC Marina Heights State Farm NAP NAP NAP   560,000,000 3.12
16 CREFI Red Building B-Note (51,000,000)/C-Note (65,000,000)/Permitted Mezzanine 116,000,000 5.67026   196,000,000 1.15
17 JPMCB 599 Broadway Permitted Mezzanine NAP NAP   75,000,000 1.75
18 JPMCB Lehigh Valley Mall NAP NAP NAP   199,186,256 2.07
19 JPMCB Atrium Center NAP NAP NAP   115,000,000 2.05
20 GACC Signature Place Condominiums NAP NAP NAP   NAP NAP
21 JPMCB 90 Hudson NAP NAP NAP   130,000,000 2.04
22 JPMCB Marriott Charlotte City Center NAP NAP NAP   103,000,000 2.76
23 GACC Two Harbor Point Square Mezzanine Loan 11,500,000 9.75000   61,000,000 1.28
24 CREFI One Parkway North Fee NAP NAP NAP   NAP NAP
25 CREFI Village Green of Waterford NAP NAP NAP   NAP NAP
26 GACC Gateway Plaza NAP NAP NAP   NAP NAP
27 CREFI 32 East Shopping Center NAP NAP NAP   NAP NAP
28 CREFI Hilton Garden Inn - Atlanta Airport North NAP NAP NAP   NAP NAP
29 GACC 220 Northwest 8th Avenue NAP NAP NAP   NAP NAP
30 GACC Corporate Plaza NAP NAP NAP   NAP NAP
31 JPMCB Residence Inn Augusta NAP NAP NAP   NAP NAP
32 JPMCB Towers at University Town Center NAP NAP NAP   46,000,000 1.55
33 GACC Fairfield Portfolio Mezzanine Loan 1,260,000 12.00000   15,750,000 1.54
33.01 GACC Fairfield Inn & Suites - Greensboro           1.54
33.02 GACC Fairfield Inn & Suites - High Point           1.54
34 GACC Sabre Center II NAP NAP NAP   NAP NAP
35 JPMCB Beacon - Criterion Subordinate Debt (23,707,545.10)/Mezzanine Loan (15,339,000) 39,046,545 5.63913   77,027,000 1.19
36 CREFI Holiday Inn Express New Orleans NAP NAP NAP   NAP NAP
37 JPMCB Lost Tree Financial Center NAP NAP NAP   NAP NAP
38 GACC Coral Club Apartments NAP NAP NAP   NAP NAP
39 JPMCB Beacon - Hague Subordinate Debt (20,349,411.76)/Mezzanine Loan (11,959,000) 32,308,412 5.53182   64,909,000 1.17
40 CREFI Sam’s Club Atlanta NAP NAP NAP   NAP NAP
41 CREFI Marshall’s Plaza NAP NAP NAP   NAP NAP
42 JPMCB Beacon - Paramount Subordinate Debt (17,290,274.51)/Mezzanine Loan (14,686,000) 31,976,275 5.95339   59,676,000 1.20
43 JPMCB Hampton Inn Albuquerque University NAP NAP NAP   NAP NAP
44 GACC 564 6th Street NAP NAP NAP   NAP NAP
45 GACC Homewood Commons NAP NAP NAP   NAP NAP
46 JPMCB Beacon - Mercury / Garage Subordinate Debt (14,198,470.59)/Mezzanine Loan (11,750,000) 25,948,471 5.92284   48,695,000 1.21
47 GACC Centre Point Plaza NAP NAP NAP   NAP NAP
48 CREFI Amsdell Georgia Portfolio NAP NAP NAP   NAP NAP
48.01 CREFI Compass Self Storage Conyers           NAP
48.02 CREFI McDonough-Henry Self Storage           NAP
48.03 CREFI American Self Storage Center           NAP
49 JPMCB Beacon - Orpheum Subordinate Debt (13,215,780.39)/Mezzanine Loan (9,433,000) 22,648,780 5.75100   43,821,000 1.19
50 GACC Four Points Nashville Airport NAP NAP NAP   NAP NAP
51 GACC Nelson Duffie Mobile Home Parks NAP NAP NAP   NAP NAP
51.01 GACC Riverside Mobile Home Park           NAP
51.02 GACC Oaks Mobile Home Park           NAP
52 GACC Steeplechase Plaza NAP NAP NAP   NAP NAP
53 JPMCB Beacon - Tower Subordinate Debt (9,238,517.65)/Mezzanine Loan (6,833,000) 16,071,518 5.79202   30,872,000 1.21
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area NAP NAP NAP   NAP NAP
55 CREFI 5657 Copley Drive NAP NAP NAP   NAP NAP
56 CREFI WAG Lawrenceville NAP NAP NAP   NAP NAP
57 CREFI Rite Aid Johnstown NAP NAP NAP   NAP NAP

 

 A-1-15

 

 

ANNEX A-1

                                           
      Total Debt   HOTEL OPERATING STATISTICS  
        Total Debt                                  
      Total Debt  UW NOI   2014 2014 2014 2015 2015 2015 2016 2016 2016 Most Recent Most Recent Most Recent UW UW UW  
Loan # Seller(1) Property Name Current LTV %  Debt Yield %   Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($) Occupancy %  ADR ($)  RevPAR ($) Loan #
1 CREFI Central Park of Lisle 69.5% 10.7%                                 1
2 JPMCB Promenade Shops at Aventura NAP NAP                                 2
3 GACC Apple Campus 3 74.3% 7.2%                                 3
4 JPMCB EOS 21 64.8% 7.5%                                 4
5 GACC Rochester Hotel Portfolio 66.7% 12.2%   64.5% 146.36 94.42 60.7% 148.67 90.20 57.2% 149.43 85.44 58.4% 152.43 88.99 58.4% 152.43 88.99 5
5.01 GACC Rochester Marriott 66.7% 12.2%   68.9% 227.62 156.79 67.5% 231.88 156.46 66.8% 229.20 153.18 71.0% 241.32 171.41 71.0% 241.32 171.41 5.01
5.02 GACC Kahler Grand 66.7% 12.2%   58.7% 129.07 75.75 52.8% 127.58 67.40 49.8% 126.51 63.01 49.4% 127.51 62.94 49.4% 127.51 62.94 5.02
5.03 GACC Kahler Inn & Suites 66.7% 12.2%   70.0% 121.06 84.72 69.3% 124.46 86.21 62.7% 125.82 78.94 65.9% 122.85 80.99 65.9% 122.85 80.99 5.03
5.04 GACC Residence Inn Rochester 66.7% 12.2%   81.1% 148.96 120.84 77.2% 156.74 120.99 73.0% 161.41 117.78 73.6% 162.35 119.49 73.6% 162.35 119.49 5.04
6 GACC InterContinental San Francisco 41.9% 16.0%   87.0% 284.77 247.69 87.7% 299.96 263.04 88.5% 300.43 265.85 87.0% 296.19 257.77 87.0% 296.19 257.77 6
7 GACC Sentinel Square II 59.7% 9.0%                                 7
8 CREFI The Woods 29.6% 15.2%                                 8
9 JPMCB 600 Clipper NAP NAP                                 9
10 GACC Worldwide Plaza 69.0% 7.3%                                 10
11 CREFI 64 Wooster Street NAP NAP                                 11
12 GACC Hotel Indigo & Austin NAP NAP                     64.2% 173.64 111.42 64.2% 173.64 111.42 12
13 CREFI Braddock Metro Center 66.8% 9.5%                                 13
14 CREFI BlueLinx Portfolio 64.2% 12.1%                                 14
14.01 CREFI BlueLinx Frederick 64.2% 12.1%                                 14.01
14.02 CREFI BlueLinx Bellingham 64.2% 12.1%                                 14.02
14.03 CREFI BlueLinx Lawrenceville 64.2% 12.1%                                 14.03
14.04 CREFI BlueLinx Butner 64.2% 12.1%                                 14.04
15 GACC Marina Heights State Farm 58.3% 11.3%                                 15
16 CREFI Red Building 68.4% 6.6%                                 16
17 JPMCB 599 Broadway 50.0% 7.3%                                 17
18 JPMCB Lehigh Valley Mall 44.8% 12.5%                                 18
19 JPMCB Atrium Center 53.5% 8.2%                                 19
20 GACC Signature Place Condominiums NAP NAP                                 20
21 JPMCB 90 Hudson 60.2% 9.1%                                 21
22 JPMCB Marriott Charlotte City Center 60.6% 12.7%   76.4% 183.15 139.92 56.5% 195.99 110.81 67.7% 205.66 139.26 73.0% 223.00 162.82 73.5% 223.00 163.90 22
23 GACC Two Harbor Point Square 76.3% 9.2%                                 23
24 CREFI One Parkway North Fee NAP NAP                                 24
25 CREFI Village Green of Waterford NAP NAP                                 25
26 GACC Gateway Plaza NAP NAP                                 26
27 CREFI 32 East Shopping Center NAP NAP                                 27
28 CREFI Hilton Garden Inn - Atlanta Airport North NAP NAP   79.6% 110.17 87.73 85.4% 108.18 92.41 82.8% 112.25 92.90 80.2% 117.25 94.08 80.2% 117.25 94.08 28
29 GACC 220 Northwest 8th Avenue NAP NAP                                 29
30 GACC Corporate Plaza NAP NAP                                 30
31 JPMCB Residence Inn Augusta NAP NAP               72.9% 136.76 99.71 79.0% 134.26 106.03 79.0% 134.26 106.03 31
32 JPMCB Towers at University Town Center 63.4% 10.0%                                 32
33 GACC Fairfield Portfolio 70.0% 12.5%   71.7% 99.11 71.05 71.0% 102.96 73.08 71.1% 103.06 73.31 71.7% 105.22 75.48 71.7% 105.22 75.48 33
33.01 GACC Fairfield Inn & Suites - Greensboro 70.0% 12.5%   72.5% 102.27 74.15 71.0% 103.81 73.71 72.2% 104.11 75.18 70.1% 106.15 74.36 70.1% 106.15 74.36 33.01
33.02 GACC Fairfield Inn & Suites - High Point 70.0% 12.5%   70.6% 94.81 66.94 70.9% 101.83 72.25 69.7% 101.60 70.82 74.0% 104.05 76.96 74.0% 104.05 76.96 33.02
34 GACC Sabre Center II NAP NAP                                 34
35 JPMCB Beacon - Criterion 75.0% 5.8%                                 35
36 CREFI Holiday Inn Express New Orleans NAP NAP               69.8% 129.75 90.54 72.5% 129.03 93.51 72.8% 130.80 95.29 36
37 JPMCB Lost Tree Financial Center NAP NAP                                 37
38 GACC Coral Club Apartments NAP NAP                                 38
39 JPMCB Beacon - Hague 73.9% 5.6%                                 39
40 CREFI Sam’s Club Atlanta NAP NAP                                 40
41 CREFI Marshall’s Plaza NAP NAP                                 41
42 JPMCB Beacon - Paramount 71.0% 6.1%                                 42
43 JPMCB Hampton Inn Albuquerque University NAP NAP   76.6% 84.08 64.42 76.2% 88.01 67.05 73.4% 87.70 64.42 80.9% 86.60 70.04 80.9% 86.60 70.04 43
44 GACC 564 6th Street NAP NAP                                 44
45 GACC Homewood Commons NAP NAP                                 45
46 JPMCB Beacon - Mercury / Garage 72.6% 6.1%                                 46
47 GACC Centre Point Plaza NAP NAP                                 47
48 CREFI Amsdell Georgia Portfolio NAP NAP                                 48
48.01 CREFI Compass Self Storage Conyers NAP NAP                                 48.01
48.02 CREFI McDonough-Henry Self Storage NAP NAP                                 48.02
48.03 CREFI American Self Storage Center NAP NAP                                 48.03
49 JPMCB Beacon - Orpheum 74.5% 5.9%                                 49
50 GACC Four Points Nashville Airport NAP NAP         61.5% 100.87 62.04 68.9% 127.89 88.17 71.4% 131.00 93.47 71.4% 131.01 93.47 50
51 GACC Nelson Duffie Mobile Home Parks NAP NAP                                 51
51.01 GACC Riverside Mobile Home Park NAP NAP                                 51.01
51.02 GACC Oaks Mobile Home Park NAP NAP                                 51.02
52 GACC Steeplechase Plaza NAP NAP                                 52
53 JPMCB Beacon - Tower 76.4% 6.0%                                 53
54 JPMCB Holiday Inn Express Glenwood Springs Aspen Area NAP NAP   61.2% 98.41 60.19 63.9% 110.50 70.64 66.9% 117.22 78.45 67.9% 119.76 81.29 67.9% 119.76 81.29 54
55 CREFI 5657 Copley Drive NAP NAP                                 55
56 CREFI WAG Lawrenceville NAP NAP                                 56
57 CREFI Rite Aid Johnstown NAP NAP                                 57

 

 A-1-16

 

 

Benchmark 2018-B2
Footnotes to Annex A-1  

 

(1) “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation, as Mortgage Loan Seller; and “CREFI” denotes— Citi Real Estate Funding Inc. or one of its affiliates, as Mortgage Loan Seller.

With respect to Loan No. 1, Central Park of Lisle, the whole loan was co-originated by Citi Real Estate Funding Inc. (as holder of the senior A-Note) and Safety National Casualty Corporation (as holder of the B-Note).

With respect to Loan No. 3, Apple Campus 3, the whole loan was co-originated by Deutsche Bank AG, acting through its New York Branch, Wells Fargo Bank, National Association, and Goldman Sachs Mortgage Company.

With respect to Loan No. 10, the Worldwide Plaza mortgage loan was acquired from Goldman Sachs Mortgage Company.

With respect to Loan No. 14, BlueLinx Portfolio, the whole loan was co-originated by Citi Real Estate Funding Inc. and Société Générale.

With respect to Loan No. 15, the Marina Heights State Farm mortgage loan was acquired from Goldman Sachs Mortgage Company.

With respect to Loan No. 18, Lehigh Valley Mall, the whole loan was co-originated by JPMorgan Chase Bank, National Association, Column Financial, Inc. and Cantor Commercial Real Estate Lending, L.P.

With respect to Loan No. 23, the Two Harbor Point Square mortgage loan was acquired from Citi Real Estate Funding Inc.

With respect to Loan No. 47, the Centre Point Plaza mortgage loan was acquired from Cantor Commercial Real Estate Lending, L.P.
   
(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. 2, Promenade Shops at Aventura, Aventura Tire & Auto, Pollo Tropical, TD Bank and Shell, ground lease their respective premises from the borrower.

With respect to Loan No. 12, Hotel Indigo & Austin, the mortgaged property is a dual-branded hotel consisting of a 134-room select-service hotel (Hotel Indigo) and a 171-room limited-service hotel (Holiday Inn Express & Suites).

With respect to Loan No. 18, Lehigh Valley Mall, Macy’s, which is an anchor tenant at the property, ground leases its premises from the borrower.

With respect to Loan No. 46, Beacon - Mercury / Garage, the mortgaged property consists of a multifamily property and a parking garage. Units represent only the multifamily portion of the mortgaged property and exclude the parking garage which consists of 510 parking spaces. 31.2% of the UW Revenues ($) is attributable to the parking garage.

 

 A-1-17

 

 

(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. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.

With respect to Loan No. 3, Apple Campus 3, the sole tenant, Apple, has taken possession but is currently building out its space and is currently in a free rent period for (i) Phase I (approximately 69.4% of its space) through and including December 2018 and (ii) Phase II (approximately 30.6% of its space) through and including May 2019. In January 2019, Apple is required to pay reduced rent of approximately $6.93 per square foot on Phase I only. Through and including February 2018, Apple is required to pay reimbursements for utilities only, and commencing March 2018, the tenant will be required to pay reimbursements for utilities, operating expenses, taxes and insurance. All outstanding free rent, tenant improvements and leasing commissions were reserved for at loan origination.

With respect to Loan No. 5, Rochester Hotel Portfolio, as to the Kahler Grand mortgaged property, approximately 21.1% of underwritten revenues are comprised of food and beverage revenues.

With respect to Loan No. 6, InterContinental San Francisco, approximately 13.1% of underwritten revenues are comprised of food and beverage revenues and approximately 14.1% are comprised of banquet revenues.
   
  With respect to Loan No. 7, Sentinel Square II, the Largest Tenant, District of Columbia, took occupancy in January 2018 and is in a free rent period through February 2019, all of which free rent has been reserved for. The 2nd Largest Tenant, Federal Election Commission (“FEC”), which leases approximately 35.6% of the NRA, is not yet in occupancy of its space, and is anticipated to take occupancy in or around the end of March 2018. The FEC is in a free rent period through January 2020, all of which free rent has been reserved for. In addition, the FEC is entitled to a $600,000 allowance that may be used for improvements through September 1, 2018, and thereafter any remainder may be treated as additional free rent funds and disbursed in accordance with the standard free rent reserve provisions under the loan agreement. Such allowance has been reserved for.

With respect to Loan No. 9, 600 Clipper, the sole tenant at the mortgaged property, Volkswagen Group of America, executed a lease amendment in December 2017 to lease an additional 41,239 square feet (which was the remaining vacant portion of the mortgaged property at the time). The lease commencement date for such additional space occurs no later than August 2018. The lease currently requires monthly rent of approximately $233,572. This amount is scheduled to increase to approximately $482,322 by February 2019 and approximately $497,381 by February 2020, and the monthly rent of $588,391 is scheduled to commence on February 2021.  

With respect to Loan No. 13, Braddock Metro Center, the Largest Tenant, GSA (United States Department of Agriculture), executed a lease commencing June 2018, but has not yet taken occupancy for 131,000 square feet of its leased premises or commenced paying rent.

With respect to Loan No. 15, Marina Heights State Farm, the UW NOI and UW NCF are based on the adjusted underwritten net operating income and net cash flow, as detailed in the prospectus.

With respect to Loan No. 16, Red Building, the 3rd Largest Tenant, Gaumont Television USA, is expected to occupy their expansion space by the end of February upon completion of the build-out of its space.

 

 A-1-18

 

 

  With respect to Loan No. 18, Lehigh Valley Mall, the Largest Tenant, Bob’s Discount Furniture, has executed its lease but not yet taken occupancy at the mortgaged property and has not yet commenced paying rent. The rent commencement date is in April 2018. At origination, the borrower was required to reserve $443,000 for outstanding tenant improvement allowances and $208,533 for outstanding free rent periods related to three tenants, including Bob’s Discount Furniture.

With respect to Loan No. 19, Atrium Center, the Largest Tenant, Dana Farber Cancer Institute, has executed a lease but not yet taken occupancy at the mortgaged property and has not yet commenced paying rent. The rent commencement date is May 1, 2018. The 5th Largest Tenant, Newton - Wellesley Hospital, has taken possession of its space and commenced paying rent, but is not yet in occupancy. The tenant is expected to take occupancy in April 2018.

With respect to Loan No. 22, Marriott Charlotte City Center, approximately 25.7% and of UW Revenues ($), is attributable to the food and beverage outlets at the mortgaged property.

With respect to Loan No. 26, Gateway Plaza, the 3rd Largest Tenant at the mortgaged property, North LA County Regional Center, has free rent periods in January 2018 and May 2018 equal to an aggregate $3,899 of rental payments, the 4th Largest Tenant, Poole & Shaffery, LLP has free rent periods from January through March in each of 2018 and 2019 and in January 2020 equal to an aggregate of $70,033 in rental payments, and the 5th Largest Tenant, California United Bank, has free rent periods for the month of June in 2018, 2022, 2023 and 2024, for the month of July in 2022 and 2023 and the month of August in 2022 equal to an aggregate $83,981 in rental payments. All free rent was reserved at loan origination.

With respect to Loan No. 34, Sabre Center II, the Largest Tenant at the mortgaged property, Globaltech, has abated rent through September 2019 equal to $72,739 in rental payments, and the 2nd Largest Tenant, Trilogy Educational, has free rent through June 2018 equal to $63,774 in rental payments. All free rent was reserved at loan origination.

With respect to Loan No. 46, Beacon – Mercury / Garage, the Occupancy % represents the occupancy for the Mercury portion of the mortgaged property only. The parking garage portion was approximately 83.0% occupied as of August 31, 2017.

   
  With respect to Loan No. 51, Nelson Duffie Mobile Home Parks, 62 of the 174 mobile homes at the two mortgaged properties are owned by a borrower-affiliate and the related lots are leased to such affiliate through a master lease. Additional lots may be added to the master lease, but not in excess of 43% of all lots at the mortgaged properties. Lots may also be released from the master lease in connection with a sale of the related mobile home to a third party tenant, provided such third party tenant enters into a direct lease for such lot with the borrower on market terms and for a minimum term of six months.  Rent under the master lease is initially equal to $307,000 a year for each lot covered by the master lease, subject to increase by $430 per month for each lot added to the master lease, and decreased by $430 per month for any lot released from the master lease as described above. In addition to the master lease, the loan is also structured with loss recourse to the guarantors in the event any affiliate owned homes are removed from the property, and there is a guaranty on the master lease rent equal to the total number of borrower-affiliate homes multiplied by $400, the result of which is then multiplied by 18.
   
(4) With respect to all mortgage loans, with the exceptions of the mortgage loans listed below,  the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.

With respect to Loan No. 3, Apple Campus 3, the Appraised Value ($) represents the “as-stabilized” value of $773,600,000 for the mortgaged property, effective June 1, 2019, which assumes that contractual tenant

 

 A-1-19

 

 

  improvement and leasing commission (“TI/LC”) obligations have been fulfilled and there is no outstanding free rent. At loan origination, the borrower deposited upfront reserves totaling $45,779,915 for such contractual TI/LC obligations and free rent. The “as-is” appraised value for the mortgaged property as of November 7, 2017 is $624,600,000, which results in a Current LTV % of 54.4% and a Maturity LTV % of 54.4%.

With respect to Loan No. 7, Sentinel Square II, the Appraised Value ($) represents the “as-stabilized” value of $172,000,000 for the mortgaged property, effective April 1, 2019, which assumes the borrower’s contractual tenant improvement and leasing commission obligations have been fulfilled, that there is no outstanding free rent and that rent has commenced. At loan origination, the borrower reserved approximately $18.5 million in free rent associated with the District of Columbia and Federal Election Commission leases and $600,000 related to approved leasing expenses under the Federal Election Commission lease. The “as-is” appraised value for the mortgaged property as of October 26, 2017, is $149,200,000, which results in a Current LTV % of 68.8% and a Maturity LTV % of 68.8%.

With respect to Loan No. 9, 600 Clipper, the Appraised Value ($) represents the “Hypothetical As If Funded” value, effective November 13, 2017, which assumes that all outstanding tenant improvements, rent/expense reimbursement loss and below market rents have either been funded or escrowed. At origination, the borrower was required to reserve approximately $5,071,085 for the remaining reduced rent period under the lease of the sole tenant, Volkswagen Group of America. In connection with the acquisition of the mortgaged property by the borrower, the former owner and seller of the mortgaged property escrowed $4,147,500 for outstanding tenant improvements with the title company. The lender has received as assignment of the borrower’s interest in the escrow account being held by the title company. The “as-is” value as of November 13, 2017 is $84,460,000, which results in a Current LTV % and Maturity LTV % of 64.3% and 64.3%, respectively.
   
  With respect to Loan No. 10, Worldwide Plaza, the Appraised Value ($) of $1,740,000,000 includes separate appraised values for the office building included in the mortgaged property ($1,620,000,000) and the amenity parcel ($120,000,000). As described under “Risk Factors–Risks Relating to the Mortgage Loans–Risks Relating to the Worldwide Plaza Mortgage Loan,” the amenity parcel does not secure the mortgage loan. Based solely on the appraised value of the office building, the Current LTV% and Maturity LTV% of the senior notes included in the Worldwide Plaza whole loan, the entire whole loan and the combined whole loan and mezzanine debt are 38.0%, 58.0% and 74.1% respectively.

With respect to Loan No. 12, Hotel Indigo & Austin, the Appraised Value ($) represents the “prospective upon completion” value of $66,000,000 for the mortgaged property, effective April 25, 2018, which assumes the completion of the required property improvement plan (“PIP”) and $2.7 million in discretionary capital expenditures at the mortgaged property. At loan origination, the borrower reserved $300,000, the estimated aggregate cost of each respective PIP and an additional $2,700,000 for planned capital improvements, which the borrower has indicated it currently anticipates to begin in the spring of 2018 and to be completed by the end of summer in 2018 (however, such capital expenditures are not required to be made on any particular schedule, or at all). The “as-is” appraised value for the mortgaged property, as of April 25, 2017, is $62,000,000, which results in a Current LTV % of 72.6% and a Maturity LTV % of 62.7%.

With respect to Loan No. 19, Atrium Center, the Appraised Value ($) represents the “hypothetical as-is” value, effective September 8, 2017, which assumes that the Dana Farber Cancer Institute lease has commenced and that all leasing costs have been paid. At origination, the borrower was required to reserve $21,161,047 for outstanding tenant improvements and leasing commissions and approximately $2,397,212 for outstanding free or abated rent. The “as-is” value as of September 8, 2017 is $185,000,000, which results in a Current LTV % and Maturity LTV % of 62.2% and 62.2%, respectively.

 

 A-1-20

 

 

  With respect to Loan No. 25, Village Green of Waterford, the appraiser’s “as-stabilized” value for the property effective November 21, 2019, was used, which assumes all expected costs of planned renovations and capital expenditures are reserved for at origination. At origination, the borrower was required to reserve $1,836,000 to fund capital upgrades to be performed and completed during the first 24 months of the mortgage loan. The “as-is” appraised value for the mortgaged property as of November 21, 2017 is $29,700,000, which results in a Current LTV % of 79.5% and a Maturity LTV % of 70.4%.

With respect to Loan No. 29, 220 Northwest 8th Avenue, the Appraised Value ($) represents the “as complete” value of $30,800,000 for the mortgaged property, effective January 1, 2018, which assumes that all outstanding work related to the Phase III delivery is complete. Delivery and acceptance of the Phase III space took place on November 28, 2017. There is no outstanding work related to the space. The “as-is” appraised value for the mortgaged property, as of October 25, 2017, is $30,400,000, which resulted in a Current LTV % of 64.1% and a Maturity LTV % of 58.3%.

With respect to Loan No. 33, Fairfield Portfolio, the Appraised Value ($) represents the “as complete” value of $22,500,000 for the mortgaged properties, effective November 1, 2018, which assumes the completion of the required property improvement plan (“PIP”) at each mortgaged property. At loan origination, the borrower reserved $1,834,176, which represents 125% of the estimated aggregate cost of the PIPs. The “as-is” appraised value for the Fairfield Inn & Suites – High Point mortgaged property is $8.7 million and the “as-is” appraised value for the Fairfield Inn & Suites – Greensboro mortgaged property is $12.1 million for an aggregate “as-is” appraised value of $20,800,000, which results in a Current LTV % of 69.7% and a Maturity LTV % of 59.4%.

With respect to Loan No. 36, Holiday Inn Express New Orleans, the appraiser’s “as complete” value for the property effective January 1, 2019, was used, which assumes an amount equal to 120% of the estimated cost of planned capital improvements is reserve for at origination. At origination the borrower was required to reserve $230,339 in the required performance improvement reserve (PIP) for a change of ownership PIP that is expected to be completed within 12 months of the origination date. The “as-is” appraised value for the mortgaged property as of November 21, 2017 is $22,600,000, which results in a Current LTV% of 57.1% and a Maturity LTV% of 54.5%.
   
  With respect to Loan No. 43, Hampton Inn Albuquerque University, the Appraised Value ($) represents the “Prospective Market Value Upon Completion of the Renovation” value, effective June 1, 2018, which assumes completion of the renovations required by the current PIP. At origination, the borrower was required to reserve $2,000,000, which is estimated to be the remaining cost to complete the PIP. The “as-is” value of the property as of June 1, 2017 is $11,000,000, which results in a Current LTV % and Maturity LTV % of 86.2% and 72.6%, respectively.

With respect to Loan No. 46, Beacon – Mercury / Garage, the Appraised Value ($) consists of the $44,500,000 million “as-is” Appraised Value ($) for the Mercury portion and the $22,600,000 “as-is” million Appraised Value ($) for the garage portion of the Mortgaged Property.

With respect to Loan No. 54, Holiday Inn Express Glenwood Springs Aspen Area, the Appraised Value ($) of $7,150,000 represents the “Prospective Market Value Upon Completion of the Renovation” value, effective October 1, 2018, which assumes completion of the renovations required by the current PIP. At origination, the borrower was required to reserve $1,450,000, which is estimated to be the remaining cost to complete the PIP. The “as-is” value of the property as of October 1, 2017 is $4,950,000, which results in a Current LTV % and Maturity LTV % of 86.3% and 71.3%, respectively.  
   
(5) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based

 

 A-1-21

 

 

  on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(6) With respect to Loan Nos. 1, 3, 4, 5, 6, 7, 8, 10, 13, 14, 15, 16, 17, 18, 19, 21, 22, 23, 32, 35, 39, 42, 46, 49, and 53, Central Park of Lisle, Apple Campus 3, EOS 21, Rochester Hotel Portfolio, InterContinental San Francisco, Sentinel Square II, The Woods, Worldwide Plaza, Braddock Metro Center, BlueLinx Portfolio, Marina Heights State Farm, Red Building, 599 Broadway, Lehigh Valley Mall, Atrium Center, 90 Hudson, Marriott Charlotte City Center, Two Harbor Point Square, Towers at University Town Center,  Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon - Mercury / Garage, Beacon – Orpheum, and Beacon – Tower, the mortgage loans are part of larger split whole loans, which consist of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information.
   
(7) Each number identifies a group of related borrowers.

With respect to Loan No. 4, EOS 21, the mortgaged property consists of one unit in a two unit land condominium, which is in place for compliance with local land use and zoning. Each unit owner owns a 50% interest in the common elements.

With respect to Loan No. 17, 599 Broadway, one of the five condominium units comprising the mortgaged property is owned by two borrowers 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 Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
   
(9) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, [except for the mortgage loan(s) listed below,] the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
   
(10) With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.

With respect to Loan No. 17, 599 Broadway, the assessment of the late charge with respect to any Monthly Debt Service ($) is subject to delay due to force majeure, which may not exceed one time per calendar year.

With respect to Loan No. 33, Fairfield Portfolio, Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments based on the assumed principal payment schedule set forth in Annex H to this prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.684782609%.
   
(11) With respect to Loan No. 3, Apple Campus 3, the whole loan has an ARD feature with an Anticipated Repayment Date of January 6, 2028, with an increased interest rate equal to the greater of (i) 4.864978% per annum and (ii) the 10-year swap rate as of the Anticipated Repayment Date plus 1.50%, until the Final Maturity Date of April 6, 2031. On and after the ARD until the Final Maturity Date, the Apple Campus 3 whole loan requires amortization based on a 30-year amortization schedule (assuming the initial interest rate).

With respect to Loan No. 15, Marina Heights State Farm, the whole loan has an ARD feature with an Anticipated Repayment Date of January 6, 2028, with an increased interest rate equal to the greater of (i) 6.55950% per annum and (ii) the 10-year swap rate as of the Anticipated Repayment Date plus 3.00%, until the Final Maturity Date of January 6, 2033. From the first payment date after the ARD until the final maturity

 

 A-1-22

 

 

  date, the Marina Heights State Farm whole loan requires amortization based on a 30-year schedule (assuming the initial interest rate).
   
(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.

In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash sweep period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents.

With respect to Loan No. 1, Central Park of Lisle, which is part of a larger Whole Loan, the lockout period is required to be at least 25 payments beginning with and including the first payment date of February 6, 2018. Defeasance of the full $93,850,000 whole loan is permitted at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last promissory note to be securitized and (ii) December 14, 2020. The assumed lockout period of 25 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.

With respect to Loan No. 3, Apple Campus 3, which is part of a whole loan, the lockout period is required to be at least 25 payments beginning with and including the first payment date of February 6, 2018. Defeasance of the full $340.0 million Apple Campus 3 Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) December 14, 2021. The assumed lockout period of 25 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.

With respect to Loan No. 4, EOS 21, the lockout period will be at least 26 payments beginning with and including the first payment date of January 1, 2018. The actual lockout period may be longer.  Defeasance of the full $150.0 million EOS 21 Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the EOS 21 Whole Loan if the defeasance lockout period has not occurred by January 1, 2021 with the payment of a yield maintenance premium.
   
  With respect to Loan No. 5, Rochester Hotel Portfolio, which is part of a whole loan, the lockout period is required to be at least 27 payments beginning with and including the first payment date of December 6, 2017. Defeasance of the full $140.0 million Rochester Hotel Portfolio Whole Loan is permitted at any time after the earlier to occur (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 6, 2020. The assumed lockout period of 27 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.

With respect to Loan No. 10, Worldwide Plaza, which is part of a whole loan, the lockout period is required to be at least 27 payments beginning with and including the first payment date of December 6, 2017. Defeasance of the full $940.0 million Worldwide Plaza Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 18, 2020. The assumed lockout period of 27 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.

With respect to Loan No. 13, Braddock Metro Center, which is part of a larger Whole Loan, the lockout period is required to be at least 24 payments beginning with and including the first payment date of March 6, 2018.

 

 A-1-23

 

 

  Defeasance or prepayment (if prior to November 6, 2027, accompanied by a yield maintenance premium) of the full $74,200,000 whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) January 19, 2021. The assumed lockout period of 24 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.

With respect to Loan No. 14, BlueLinx Portfolio, which is part of a larger Whole Loan, the lockout period is required to be at least 24 payments beginning with and including the first payment date of March 6, 2018. Defeasance of the full $71,500,000 whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) January 10, 2021. The assumed lockout period of 24 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.
   
  With respect to Loan Nos. 14, 18, 19, 33 and 51, BlueLinx Portfolio, Lehigh Valley Mall, Atrium Center, Fairfield Portfolio and Nelson Duffie Mobile Home Parks, partial release upon partial prepayment or partial defeasance is permitted.

With respect to Loan No. 16, Red Building, the lockout period will be at least 25 payments beginning with and including the first payment date of February 6, 2018. Defeasance of the full $196,000,000 whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) December 18, 2021.

With respect to Loan No. 17, 599 Broadway, the lockout period will be at least 24 payments beginning with and including the first payment date of March 1, 2018. Defeasance of the full $75.0 million 599 Broadway Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the 599 Broadway Whole Loan if the defeasance lockout period has not expired by March 1, 2022 with the payment of a yield maintenance premium.

With respect to Loan No. 18, Lehigh Valley Mall, the lockout period will be at least 27 payment dates beginning with and including the first payment date of December 1, 2017. The actual lockout period may be longer. Defeasance of the full $200.0 million Lehigh Valley Mall Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) December 1, 2020. The borrower is also permitted to prepay the Lehigh Valley Mall Whole Loan with the payment of a yield maintenance premium after the occurrence of the Permitted Release Date if the REMIC Prohibition Period has not occurred prior to December 1, 2020.

With respect to Loan No. 21, 90 Hudson, the lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2017. Defeasance of the $130.0 million 90 Hudson Whole Loan is permitted prior to the open period and after the date that is earlier to occur of (i) the date that is two years after the closing date of the securitization that holds the last portion of the 90 Hudson Whole Loan to be securitized and (ii) December 1, 2020. The actual lockout period may be longer. The borrower is also permitted to prepay the 90 Hudson Whole Loan after December 1, 2019 with the payment of a yield maintenance premium.
   
  With respect to Loan No. 22, Marriott Charlotte City Center, the lockout period will be at least 32 payments beginning with and including the first payment date of July 1, 2017. Defeasance of the full $103.0 million Marriott Charlotte City Center Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the Marriott Charlotte City Center Whole Loan if the defeasance lockout period has not expired by July 1, 2020 with the payment of a yield maintenance premium.

 

 A-1-24

 

 

  With respect to Loan No. 23, Two Harbor Point Square, which is part of a whole loan, the lockout period is required to be at least 26 payments beginning with and including the first payment date of January 6, 2018. Defeasance of the full $49.5 million Two Harbor Point Square Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 17, 2020. The assumed lockout period of 26 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer. In addition, at any time during the term of the whole loan and provided no event of default has occurred and is continuing, the borrower has the option to prepay the whole loan in whole, but not in part, with payment of a yield maintenance premium.

With respect to Loan No. 48, Amsdell Georgia Portfolio, the borrower deposited $500,000 into an economic holdback reserve at closing, which may, under certain circumstances be applied by the lender toward the repayment of the loan. The borrower is entitled to receive the economic holdback reserve funds if certain capital improvements are performed and completed during the first 48 months of the loan term with respect to the acquired properties and the debt yield is equal to or greater than 8.5%. If the lender determines that the release conditions have not been satisfied on or before February 6, 2022, the lender will not disburse the funds and may retain the economic holdback reserve as additional collateral. The Current LTV, UW NOI Debt Yield % and UW NCF Debt Yield % net of the $500,000 economic holdback reserve are 69.9%, 9.0% and 8.6%, respectively.
   
(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 Nos. 3, 7, 9, 12, 14, 15, 16, 19, 20, 23, 24, 27, 29, 31, 34, 35, 36, 39, 42, 45, 46, 48, 49, 50, 51, 53, 55 and 57, Apple Campus 3, Sentinel Square II, 600 Clipper, Hotel Indigo & Austin, BlueLinx Portfolio, Marina Heights State Farm, Red Building, Atrium Center, Signature Place Condominiums, Two Harbor Point Square, One Parkway North Fee, 32 East Shopping Center, 220 Northwest 8th Avenue, Residence Inn Augusta, Sabre Center II, Beacon – Criterion, Holiday Inn Express New Orleans, Beacon – Hague, Beacon – Paramount, Homewood Commons, Beacon - Mercury / Garage, Amsdell Georgia Portfolio, Beacon – Orpheum, Four Points Nashville Airport, Nelson Duffie Mobile Home Parks, Beacon – Tower, 5657 Copley Drive and Rite Aid Johnstown, in each case, the related property is newly or recently acquired, renovated or built and some historical financials may not be available.
 
With respect to Loan No. 28, Hilton Garden Inn – Atlanta Airport North, 2014 financial information is based on 10 months annualized ending October 31, 2014.

With respect to Loan No. 30, Corporate Plaza, the most recent financial information is based on 8 months annualized ending August 31, 2017.

With respect to Loan No. 37, Lost Tree Financial Center, financial information for 2017 financials is based on 11 months annualized ending November 30, 2017.

With respect to Loan No. 48.01, Compass Self Storage Conyers property, 2015 financial information is based on 9 months annualized ending September 12, 2015.

With respect to Loan No. 52, Steeplechase Plaza, the most recent financial information is based on 8 months annualized ending August 31, 2017.

With respect to Loan No. 55, 5657 Copley Drive, the most recent financial information is based on 11 months annualized ending November 30, 2017.

 

 A-1-25

 

 

   
(14) In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.

With respect to Loan No. 16, Red Building, the related property is currently in the process of leasing up and historical financials represent a non-stabilized occupancy. Since January 2017, five tenants have executed new leases for a total of 134,035 square feet of space and $7,440,129 of annual UW Base Rent.

With respect to Loan No. 27, 32 East Shopping Center, TTM NOI represents non-stabilized occupancy during the demolition and construction process of the renovation, as well as the closure of the Gordmans approximately 45,000 square foot anchor store after the tenant filed bankruptcy in the first quarter of 2017. Burlington Coat Factory, the replacement tenant, signed a lease with an expiration date of February 28, 2030 and contributes $459,010 of annual UW Base Rent.
 
With respect to Loan No. 29, 220 Northwest 8th Avenue, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by the delivery of WeWork’s phase III space (the third and fourth floor) in December 2017, accounting for approximately 24.3% of the Net Rentable Area and 25.6% of the UW Base Rent.

With respect to Loan No. 34, Sabre Center II, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by (i) the lease signing of Globaltech, accounting for 11.3% of the Net Rentable Area and 12.8% of the UW Base Rent, (ii) the expiration of rent abatement periods and (iii) $50,187 in contractual rent steps through November 2018.

With respect to Loan No. 45, Homewood Commons, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by (i) the recent signing or renewal of three leases since August 2016, accounting for approximately 19.3% of the Net Rentable Area and 29.6% of the UW Base Rent and (ii) $41,926 in contractual rent steps through August 2018.  

With respect to Loan No. 52, Steeplechase Plaza, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by (i) the lease signing of Davita, accounting for 10.5% of the Net Rentable Area and 14.5% of the UW Base Rent, (ii) Bealls Outlet increased their space in 2017 from 12,000 square feet to 23,750 square feet with a ten-year lease extension and (iii) $2,864 in contractual rent steps through December 2018.
   
(15) With respect to all hotel properties, [except for the mortgage loan(s) listed below,] 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.

With respect to Loan No. 15, Marina Heights State Farm, the mortgaged property is exempt from property taxes because the ground lessor is a tax exempt government agency. The ground lease prohibits the ground lessor from transferring the fee to any entity that is not the State of Arizona or a political subdivision thereof that is exempt from property taxes. The lender did not underwrite any property taxes.

With respect to Loan No. 29, 220 Northwest 8th Avenue, the mortgaged property benefits from the Oregon Special Assessment of Historic Tax Program which fixes the mortgaged property’s assessed value for a 10-year period. If the borrower is disqualified from the program the exemption will terminate. The fixed real estate tax evaluation expires in 2023. Such program may be extended for an additional 10 years and the borrower is required under the mortgage loan documents to apply to extend the program for 10 years in 2023, if the program is still available, but it will not be in default if the program is not available or the government refuses to extend the program after the borrower has diligently pursued an extension. The borrower was not required to reserve for any costs that may be incurred in order to obtain such an extension. Lender underwrote taxes based on the appraiser’s exempted value of $45,936. The mortgaged property is leased on a modified gross basis that includes a base year stop (2016) for real estate taxes. The base stop is $37,663. As such, the tenant will be responsible for increases beyond the base year in real estate

 

 A-1-26

 

 

  taxes for the duration of the lease term through June 2032. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Prospectus for additional information.

With respect to Loan No. 21, 90 Hudson, the mortgaged property is subject to a payment in lieu of taxes (“PILOT”) program with the City of Jersey City that expires in February 2020. The lender underwrote real estate taxes based on the abated tax payments provided by the PILOT. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information.
   
  With respect to Loan Nos. 35, 39, 42, 49, and 53, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon – Orpheum and Beacon – Tower, each of the mortgaged properties is subject to certain historic rehabilitation tax credits (the “HTCs”). The HTCs are passed through to the third party tax credit investor. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information.

With respect to Loan Nos. 42, 46, 49, and 53, Beacon – Paramount, Beacon - Mercury / Garage, Beacon – Orpheum and Beacon – Tower, each of the mortgaged properties benefits from a15-year real estate tax abatement. The Beacon – Mercury / Parking Garage 15-year real estate tax abatement was approved in 2012, Beacon – Paramount and Beacon – Orpheum were approved in 2013 and Beacon – Tower was approved in 2014. The taxes for each loan were underwritten based on the abated tax amount. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information.
   
(16) Except for the mortgage loan listed below, 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. 33, Fairfield Portfolio, UW NOI DSCR and UW NCF DSCR is calculated based on the sum of the first 12 principal and interest payments based on the assumed principal payment schedule set forth in Annex H to this prospectus.
   
(17) In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.

With respect to Loan No. 10, Worldwide Plaza, the amenity parcel, which does not constitute collateral for the mortgage loan, but as to which certain loans thereon have been pledged to secure the mortgage loan, includes condominium interests, as to which the borrower does not have control of the condominium.

With respect to Loan No. 13, Braddock Metro Center, the mortgaged property is subject to a “Virginia land condominium”. There are two units: (i) Braddock Metro Center mortgaged property (consisting of 1320, 1330 and 1340 Braddock Place, as well as the underground parking garage), and (ii) the 1310 Braddock Place building, which is not collateral for the Braddock Metro Center mortgage loan. There is no board of directors for the unit owner’s association. Each unit owner is entitled to a vote equal to its percentage interest. The borrower’s percentage interest is approximately 88.6%. The condominium documents do not govern casualty or condemnation, insurance proceeds, or provide for any assessments against the unit owners.

With respect to Loan No. 15, Marina Heights State Farm, the mortgaged property has been divided into multiple leasehold condominium units, all of which are owned by the borrower.  

With respect to Loan No. 17, 599 Broadway, the mortgaged property consists of five units in a condominium with a total of 14 units. The borrowers collectively do not control the condominium board. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests” for additional information.

 

 A-1-27

 

 

  With respect to Loan Nos. 18 and 21, Lehigh Valley Mall and 90 Hudson, in each case the mortgage loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease.

With respect to Loan No. 20, Signature Place Condominiums, the mortgaged property consists of 300 units in a 440 unit condominium.
   
  With respect to Loan No. 32, Towers at University Town Center, the mortgaged property is partially secured by a sublease of a ground lease of 162 parking spaces at a neighboring property. Neither the ground lease nor the sublease has customary leasehold financing provisions. However, the parking spaces are not required for zoning compliance or for the operation of the mortgaged property. The subleasehold property has historically operated at a net loss, which has been accounted for in the underwriting. No upside from the subleasehold property was included in the underwriting.

With respect to Loan No. 55, 5657 Copley Drive, the mortgaged property consists of a condominium association and sub-association that governs the maintenance of common areas shared among the mortgaged property and immediately surrounding properties.
   
(18) With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to mortgage loans secured by hotel properties.

With respect to Loan No. 5, Rochester Hotel Portfolio, the Kahler Grand and Kahler Inn & Suites mortgaged properties are not flagged hotel properties. The mortgaged properties are managed by Richfield Hospitality, Inc., each pursuant to a management agreement that has an initial termination date of October 17, 2018, and which will automatically renew until otherwise terminated by the borrower or manager with 90 days’ written notice. The mortgaged properties are operated under the Kahler brand, which is a trademark owned by one of the borrowers.

With respect to Loan No. 5, Rochester Hotel Portfolio, the Residence Inn Rochester property is subject to a franchise agreement that expires on October 26, 2024 with one 10-year extension to October 26, 2034, exercisable at the franchisee’s option provided the following conditions are satisfied, (i) the franchisee is not in default, (ii) the franchisee met all monetary obligations during the term, (iii) the franchisee delivers a renewal application not less than 24 months or more than 36 months prior to the end of the current term along with an application fee and (iv) the franchisee signs the franchisor’s then-current form of franchise agreement not less than 12 months prior to the end of the current term, which will require satisfaction of various conditions precedent (including upgrading to then-current standards and specifications of the franchisor).
   
(19) 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. 3, Apple Campus 3, at loan origination the borrower deposited $93,750 for the estimated cost to complete outstanding punchlist items. Following origination, an additional $506,100 was deposited due to additional punch list items identified by Apple.

With respect to Loan No. 9, 600 Clipper, the Upfront TI/LC Reserve ($) includes a tenant improvement reserve in the amount of $4,147,500, which the previous owner of the mortgaged property deposited in connection with the acquisition of the property by the borrower. The escrowed funds are currently held by a title company and the borrower has collaterally assigned its rights to the lender as additional security.

 

 A-1-28

 

 

  With respect to Loan No. 10, Worldwide Plaza, the borrowers are permitted at their election to substitute one or more Qualifying Guaranties or letters of credit meeting the requirements of the loan documents in lieu of cash reserves (other than for the excess cash flow reserve). The aggregate letters of credit and Qualifying Guaranties in lieu of reserves may not exceed $120,000,000.

With respect to Loan No. 22, Marriott Charlotte City Center, Upfront Other Reserve ($) represents a $10,000,000 holdback reserve, which was required to be released to the borrower at such time that the mortgaged property achieved a net operating income of at least $10,000,000 on a trailing 12 month basis. The reserve was released to the borrower in August 2017 in accordance with the loan documents.
   
  With respect to Loan Nos. 35, 39, 42, 49, and 53, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon – Orpheum and Beacon – Tower, in each case, the Upfront Other Reserve ($) includes the following: (a) HTC insurance premium required by the loan documents in connection with any insurance coverage in excess of the amounts otherwise required to be carried by the borrower, to the extent required pursuant to the terms of the related master lease and/or the master lessee’s operating agreement; (b) the estimated amount of the put price owing to PNC Investment Company, LLC (“PNC”), the tax credit investor and the beneficiary of the HTCs, at the related mortgaged property (the “Put Option Reserve”), which funds may be used (i) to pay the put price or (ii) if a put is not exercised and a subsidiary of the borrower sponsor exercises a call right or other right to reacquire PNC’s interest, to pay such amount; (c) the amount (“Ongoing PNC Distributions Reserve”) equal to (i) all known and estimated payments and distributions owing by the master tenant to PNC (including, without limitation, priority return payments, residual operating distributions, and excess profit payments) during the period commencing on the loan origination date and ending on the date on which PNC may exercise its put option (the “Put Commencement Date”) and (ii) in the event that PNC does not exercise its put option on the Put Commencement Date, amounts required to fund the master lessee’s obligation to “top up” the Ongoing PNC Distributions Reserve with respect to all payment or distributions owed by the borrower sponsor or the master tenants to PNC for the remaining period between the Put Commencement Date and the loan maturity date. Both the Put Option Reserve and the Ongoing PNC Distributions Reserve constitute collateral for the guaranteed obligations solely under the pledgor guaranty agreements given for the benefit of the lender, but are excluded from collateral for the loan under the loan documents. In connection with the Ongoing PNC Distributions Reserve only, to the extent there exists any deficiency, determined by the lender once each calendar year based on an increase in the anticipated excess profit payments required for the following year under the related master lease documents, additional funds will be allocated to the related excess profits payments subaccount pursuant to the cash management agreement and the related pledger guaranty. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information with respect to the HTCs.

With respect to Loan No. 48, Amsdell Georgia Portfolio, the borrower was required to reserve $500,000 at origination for an economic holdback reserve.
   
(20) 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, Central Park of Lisle, at loan closing, the lender reserved $3,747,355 upfront classified as replacement reserves under the loan agreement for which $74,750 is earmarked for immediate repairs (115% of engineer’s estimated costs in the PCA). The remaining $3,672,605 is accretive to the structure for the loan. Although it is structured under replacement reserves, the loan allows for the Borrower to use those funds for TI/LCs.

 

 A-1-29

 

 

  With respect to Loan No. 2, Promenade Shops at Aventura, during the cash sweep period caused solely by (i) Nordstrom failing to renew its lease prior to the earlier of (A) the expiration of the renewal notice period pursuant to the lease and (B) 12 months prior to the expiration of the lease, (ii) Nordstrom “going dark”, vacating or abandoning the premises leased under its lease or (iii) Nordstrom becoming subject to a bankruptcy action, all excess cash flow  after payment of debt service required reserves and operating expenses is required to be deposited into the Monthly Other Reserve ($).  The reserve is subject to cap in an amount equal to $20.00 multiplied by the leasable area that is subject to the Nordstrom lease. The borrower is permitted to post a letter of credit in an amount equal to the cap in lieu of the deposits from excess cash flow.
   
  With respect to Loan No. 5, Rochester Hotel Portfolio, during a franchise agreement sweep period, excess cash flow on deposit in the clearing account is required to be swept on each monthly payment date into a property improvement plan (“PIP”) reserve account until such funds equal to the greater of (i) $1,800,000 (which may be reduced by the lender in its reasonable discretion to 110% of the anticipated costs required to comply with all PIP requirements under any replacement franchise agreement or renewal or extension of any existing franchise agreement, if less than $1,800,000) and (ii) in the lender’s reasonable discretion, 110% of the anticipated costs required to comply with all PIP requirements under any replacement franchise agreement or renewal or extension of any existing franchise agreement. A franchise agreement sweep period will commence on the earlier to occur of (i) 24 months prior to the expiration date of the applicable franchise agreement and (ii) any borrower’s written notice to the lender of a borrower’s intent to commence the process of replacing an applicable existing franchise agreement and shall end upon the occurrence of (x) borrowers delivering a replacement franchise agreement or renewal or other extension of an existing franchise agreement and having an initial term (with respect to a replacement franchise agreement) or a remaining term (with respect to an existing franchise agreement, after giving effect to such renewal or extension), in either case, of at least 10 years and (y) the amount in the PIP account equaling 110% of the anticipated costs required to comply with all PIP requirements under any such replacement franchise agreement (or renewal or extension of any existing franchise agreement).

With respect to Loan No. 5, Rochester Hotel Portfolio, the borrowers are required to establish a renovation reserve account and, on each of the first 30 monthly payment dates, deposit $500,000 plus FF&E deposits for the Kahler Grand property and the Kahler Inn & Suites property that would otherwise have been deposited into the FF&E reserve on such monthly payment date. The monthly renovation reserve deposits may be reduced by a proportionate amount if the borrowers deposit an amount in excess of the renovation reserve fixed payment amount in a prior month.
   
  With respect to Loan No. 5, Rochester Hotel Portfolio, on each monthly payment date in June, July, August, September, October, and November, the borrowers are required to deposit $50,000 into a seasonality reserve for potential shortfalls in the payment of the monthly interest payment amount, monthly debt service payment amount, other amounts payable under the loan documents and other operating expenses on each monthly payment date in January, February and March (provided, if no Trigger Period (as defined in the loan documents) exists, the lender is required to disburse available funds in an amount equal to $100,000 to the borrowers on each such monthly payment date). The seasonality reserve is subject to a cap of $300,000.

With respect to Loan No. 12, Hotel Indigo & Austin, the borrower is required to deposit the greatest of (i) 2.0% of prior month’s gross revenues (as set forth in the most recent approved annual budget) through and including the payment date in August 2018, 3.0% of prior month’s gross revenues (as set forth in the most recent approved annual budget) beginning on the payment date in September 2018 through and including the payment date in August 2019, and 4.0% of the prior month’s gross revenues (as set forth in the most recent approved annual budget) thereafter, (ii) the amount required under the management agreement and (iii) the amount required under the franchise agreement for FF&E.

 

 A-1-30

 

 

  With respect to Loan No. 12, Hotel Indigo & Austin, the borrower will not be required to make monthly payments into the tax, insurance or FF&E reserve accounts on any monthly payment date occurring immediately after a seasonal month (initially, the monthly payment date in January) to the extent, and only to the extent, that sufficient funds are on deposit in the seasonal working capital reserve account and the lender is obligated to disburse funds therein to pay the same.
   
  With respect to Loan No. 12, Hotel Indigo & Austin, on each monthly payment date from September 2017 through December 2017, the borrower was required to make deposits equal to $61,386 for the purpose of funding a seasonal working capital reserve to cover shortfalls during seasonal periods when rents may be reduced. On each monthly payment date occurring during the term of the loan commencing in February 2018, other than the monthly payment date occurring in January, to the extent the balance of the seasonal working capital reserve account is less than the seasonal working capital reserve annual deposit amount (as described below), the borrower will be required, following at least 10 days prior notice, to deposit an amount equal to the seasonal working capital reserve account monthly deposit (as defined in the loan documents) on each monthly payment date until the seasonal working capital reserve account equals the seasonal working capital reserve annual deposit amount. The seasonal working capital reserve annual deposit amount is generally equal to the debt service, reserves, and if a cash management period exists, budgeted and projected extraordinary operating expenses, due in each month of the applicable year that follows a month that is in a seasonal period when hotel rents may be reduced. The seasonal working capital reserve account monthly deposit is generally the annual amount divided by the number of non-seasonal months.

With respect to Loan No. 13, Braddock Metro Center, ongoing monthly tax reserves are calculated based on the annual tax assessment which includes the 1310 Braddock Place building. The ongoing monthly tax reserve amount will be reassessed when the 1310 Braddock Place building, which is not part of the collateral for the related mortgage loan, is considered to be a separate tax parcel.

With respect to Loan No. 16, Red Building, beginning on February 6, 2021, the borrower is required to deposit $66,114 into the TI/LC Reserve on each payment date until the Leasing Reserve cap of $3,966,820 is reached.
   
  With respect to Loan No. 22, Marriott Charlotte City Center, the borrower is required to deposit (a) for months one through 36 of the term of the loan, 3%, (b) for months 37 through 48 of the term of the loan, 4% and (c) for months 49 through 60 of the term of the loan, 5% of gross income from operations for the calendar month occurring two calendar months prior to such payment date plus any amounts required to be deposited pursuant to any property improvement plan if: (i) the property manager no longer reserves or otherwise sets aside funds for replacements and repairs required to be made to the property during the calendar year in accordance with the loan documents, (ii) the borrower fails to provide to the lender with reasonably satisfactory evidence that sums for replacements and repairs required to be made to the mortgaged property are being reserved with the property manager and such sums are being expended at the property in accordance with the requirements of the loan documents or the management agreement or (iii) the management agreement is no longer in full force and effect.

With respect to Loan No. 27, 32 East Shopping Center, the borrower is required to deposit $15,742.67 into the Monthly TI/LC Reserve ($) on each payment date beginning with the first monthly payment date on March 6, 2018 through and including the payment date on January 6, 2019. Beginning on the payment date on January 6, 2020 and on each monthly payment date thereafter, the borrower is required to deposit $3,936 into the TI/LC reserve account.
   
  With respect to Loan No. 28, Hilton Garden Inn – Atlanta Airport North, the borrower is required to deposit into the Monthly Capex Reserve ($) the greater of (A) the amount required by the franchisor under the franchise agreement and (B) 1/12th of (i) for the first twenty-four months of the term of the Mortgage Loan,

 

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  two percent (2%), (ii) for the subsequent twelve months, three percent (3%), and for the remainder of the term of the Mortgage Loan, four percent (4%), in each case, of the greater of (x) the annual gross revenue for hotel-related operations for the preceding calendar year and (y) projected annual gross revenues for hotel-related operations at the mortgaged property for the calendar year in which such due date occurs as set forth in the approved annual budget. The borrower is required to deposit into the Monthly Other Reserve ($) for the seasonality reserve, on the due date in February through October of each calendar year if it is determined that in November, December, or January of a calendar year the amount by which operating expenses, debt service, tax, insurance, and FF&E reserves exceeds operating income and other gross revenues are equal to or exceed $50,000, 1/9th of an amount equal to 110% of the greater of (A) the sum of the amount by which operating expenses, debt service, tax, insurance, and FF&E reserves exceeds operating income and other gross revenues for the 12 months prior to the applicable date of determination, and (B) the sum of amount by which operating expenses, debt service, tax, insurance, and FF&E reserves exceeds operating income and other gross revenues for such calendar year as determined by the approved annual budget.

With respect to Loan No. 33, Fairfield Portfolio, on each payment date occurring in February through and including October, the borrower is required to deposit $25,000 per month (subject to adjustment from time to time by the lender), subject to a cap of $200,000, into the seasonal working capital reserve account.
   
  With respect to Loan No. 36, Holiday Inn Express Downtown New Orleans, upon the occurrence of the lender’s determination that the debt yield is less than 9.5% until the lender’s determination the debt yield is equal to or greater than 10%, on each due date the borrower is required to deposit into the Monthly Other Reserve ($) for the seasonality reserve, 110% of the quotient of (x) the aggregate amount by which operating income for the mortgaged property is insufficient to establish a debt service coverage ratio of 1.00x for the twelve (12) month period, divided by (y) the number of months for which there is no insufficiency, in each case, based on the approved annual budget (or, if no approved annual budget exists, the approved annual budget for the preceding calendar year, and if no approved budget exists for the preceding calendar year, based on the monthly operating statements of the mortgaged property for the twelve (12) month period prior to date of determination). On each due date the borrower is required to deposit into the Monthly Capex Reserve ($) the greater of (A) any amount required by the franchisor under the franchise agreement for FF&E and (B)(I) during the first year of the initial term of the existing franchise agreement, one twelfth (1/12) of 2%, (II) during the and second and third year of the initial term of the existing franchise agreement, one twelfth (1/12) of 3% and (III) thereafter or at any time that the franchise agreement in existence at origination has been terminated or otherwise ceases to be in full force and effect, one twelfth (1/12) of 4%, in each case, of the greater of (x) the annual gross revenues for the hotel related operations at the mortgaged property for the immediately preceding calendar year as reasonably determined by the lender and (y) the projected annual gross revenues for the hotel related operations at the mortgaged property for the calendar year in which such due date occurs as set forth in the approved annual budget; provided, that, notwithstanding anything herein to the contrary, if, as of any applicable date of determination, no approved annual budget exists for the applicable calendar year, the amount of the FF&E payment described in (B) above shall be determined by Lender in its reasonable discretion.

With respect to Loan No. 47, Centre Point Plaza, the borrower is required to deposit $2,654 into the Monthly Capex Reserve ($) on each payment date beginning on April 6, 2019 and on each payment date thereafter. In addition, the borrower is required to deposit $7,963 into the Monthly TI/LC Reserve ($) until the TI/LC Reserve account is equal to $200,000, so long as (i) the in-place occupancy for the Centre Point Plaza property is not less than 80.0%, (ii) the DSCR is greater than 1.25x, (iii) there is no ongoing anchor tenant trigger event and (iv) both Burke’s Outlet Stores, LLC and Belk, Inc. are in occupancy, open for business and paying rent. From and after the occurrence and during the continuance of a Burke’s tenant event, the borrower is required to deposit $15,926 on each payment date.

 

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  With respect to Loan No. 50, Four Points Nashville Airport, on each payment date occurring in March through and including November, the borrower is required to deposit $16,667 per month (subject to adjustment from time to time by the lender), subject to a cap of $150,000, into the seasonal working capital reserve account. Notwithstanding the foregoing, provided no event of default is continuing and the underwritten net cash flow DSCR is at least 1.25x, the borrower’s obligation to make a monthly deposit into the seasonal working capital reserve account will no longer be applicable.

With respect to Loan No. 54, Holiday Inn Express Glenwood Springs Aspen Area, on the payment dates occurring in June, July, August and September of each year during the term of the loan, commencing on the payment date in June 2019, the borrower is required to deposit an amount determined by the lender in May of each year equal to the amount which, if added to the net operating income, would cause the debt service coverage ratio during November, December, January and February immediately preceding such seasonality payment period to equal 1.00x; provided, however, in the event there is insufficient excess cash flow to make the full seasonality reserve monthly deposit in any of such months, the borrower is permitted to make an additional payment, in the amount equal to the full amount of any prior payment shortfall, in October of the applicable year.
   
(21) 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. 38, Coral Club Apartments, the Capex Reserve Cap ($) of $198,000 excludes the upfront capex reserve deposit of $300,000.

With respect to Loan No. 45, Homewood Commons, beginning on January 6, 2024, funds in the Upfront TI/LC Reserve ($) will be subject to a TI/LC Reserve Cap ($) of $400,000.

With respect to Loan No. 52, Steeplechase Plaza, beginning on January 2, 2026, funds in the Upfront TI/LC Reserve ($) will be subject to a TI/LC Reserve Cap ($) of $350,000.
   
(22) 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. In some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 1, Central Park of Lisle, the 2nd Largest Tenant, CA Technologies, subleases 11,138 square feet to Chicago Tribune Company, LLC. Chicago Tribune Company, LLC further subleases the 11,138 square feet to HCL America, Inc.
 
With respect to Loan No. 10, Worldwide Plaza, the 2nd Largest Tenant, Cravath, Swaine & Moore LLP, subleases approximately 34,210 square feet of its space to McCarter & English LLP and approximately 29,688 square feet of its space to AMA Consulting Engineers, P.C.

With respect to Loan No. 11, 64 Wooster Street, the 2nd Largest Tenant, Harbinger Group, subleases 6,000 square feet to TodayTix, Inc. and 6,000 square feet to Keystone Strategy, LLC.

With respect to Loan No. 14, BlueLinx Portfolio, the Largest Tenant at the BlueLinx Frederick property, BlueLinx Corporation, subleases 100,000 square feet to Carter-Jones Lumber Company. The Largest Tenant at the BlueLinx Butner property, BlueLinx Corporation subleases approximately 104,000 square feet to Cormetech, Inc.

 

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  With respect to Loan No. 17, 599 Broadway, the entire mortgaged property is leased to 599 Broadway JS, LLC (Jeff Sutton), which has subleased  its entire leased space as follows: (a) the sub-level and the first two floors to AE Outfitters Retail Co. and (b) the third floor to The Wella Corporation. The aggregate average per square foot underwritten base rent of (i) the prime leases is approximately $132 and (ii) the subleases are approximately $173. UW Revenues ($) reflects the underwritten prime lease rents.

With respect to Loan No. 19, Atrium Center, the entire premises leased to CCRM, the 3rd Largest Tenant, is subleased to CRMB Physician Group, PLLC, a subsidiary of CCRM. The term of the sublease expires concurrently with the term of the prime lease. The underwritten base rent of the sublease and prime lease are also identical at $36.75 per square foot.
   
(23) 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, Central Park of Lisle, the Largest Tenant, Armour-Eckrich Meats LLC, leases 95,419 square feet of space that expire on November 30, 2027 and 588 square feet of space that expire on November 30, 2023. The 2nd Largest Tenant, CA Technologies, leases 61,787 square feet of space expiring on April 30, 2025 and 11,138 square feet of space that expires on March 31, 2020 (currently subleased to HCL America, Inc.). The 4th Largest Tenant, Kantar LLC, leases 39,363 square feet of space that expire on January 31, 2025 and 4,037 square feet of space that expire on October 31, 2019.

With respect to Loan No. 15, Marina Heights State Farm, the Largest Tenant, State Farm, leases 426,902 square feet with an expiration date in December 2032, 370,332 square feet with an expiration date in December 2035, 347,851 square feet with an expiration date in December 2037, 245,370 square feet with an expiration date in December 2039 and 575,639 square feet with an expiration date in December 2042.

With respect to Loan No. 16, Red Building, the 3rd Largest Tenant, Gaumont Television USA, leases 10,495 square feet of space that expire on July 31, 2023 and 19,893 square feet of space that expire on July 31, 2027.

With respect to Loan No. 26, Gateway Plaza, the 4th Largest Tenant, Poole & Shaffery, LLP, leases 7,474 square feet with a lease expiration date in April 2022 and 1,755 square feet with a lease expiration date in December 2020.
   
(24) 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. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.

With respect to Loan No. 1, Central Park of Lisle, the Largest Tenant, Armour-Eckrich Meats LLC has a one-time right to terminate its lease on February 28, 2023 for any or all suites, except Suite 350, with 12 months’ notice and payment of termination fees. The 2nd Largest Tenant, CA Technologies, has a one-time right to terminate all or no less than 50% of the remaining 7th floor space effective on April 30, 2020 with 12 months’ notice and payment of the contraction fee.

With respect to Loan No. 7, Sentinel Square II, the Largest Tenant, District of Columbia, has the right to terminate its lease if sufficient funds are not appropriated to cover the cost of fixed and additional rent.

With respect to Loan No. 10, Worldwide Plaza, the Largest Tenant, Nomura Holding America Inc., has the right to reduce its space upon 15 months’ notice prior to January 1, 2022 (if it has not exercised an expansion option in the prior 12 months) by a single contiguous block of space and/or any full or partial floor of its

 

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  space that is not contiguous to any other space then leased by Nomura Holding America Inc. so long as the total contraction space includes no more than 10% of its rentable square footage. Nomura Holding America Inc. may also reduce its space in the same manner once after January 1, 2022 and prior to January 1, 2027. Both contraction options are subject to certain payments associated with the option. Nomura Holding America Inc. also has a one-time right to terminate its lease, in whole or in part as of January 1, 2027 upon 18 months’ notice and payment of a termination fee equal to six months fixed rent on the terminated space and unamortized transaction costs associated with the terminated space.

With respect to Loan No. 16, Red Building, the 4th Largest Tenant, Clique Media, has the right to terminate its lease on January 31, 2023 with 18 months’ notice and the payment of unamortized tenant improvements, leasing commissions and abated rent.
   
  With respect to Loan No. 19, Atrium Center, the 3rd Largest Tenant, CCRM, has the right to terminate its lease as of May 31, 2027, with 12 months’ notice and the payment of a termination fee.

With respect to the Loan No. 23, Two Harbor Point Square, the 4th Largest Tenant, Castleton Commodities, can terminate its lease on March 31, 2020 with one-year notice and payment of a $1,300,000 termination fee. The 5th Largest Tenant, Insight Global, can terminate its lease on October 31, 2020 with one-year notice plus unamortized tenant improvements, leasing commissions & free rent, plus four months of base and additional rent and a $1,300,000 termination fee.

With respect to Loan No. 26, Gateway Plaza, the Largest Tenant, State of California, has the right to terminate its lease upon 30 days prior written notice at any time. The 2nd Largest Tenant, Regus, has the right to terminate its lease on November 19, 2019 upon at least 12 months’ prior written notice with a termination fee equal to the unamortized balance as of the termination date of the tenant improvement allowance, free rent, and brokerage commissions paid by landlord, plus a termination penalty of three months of rent.

With respect to Loan No. 30, Corporate Plaza, the Largest Tenant, United States of America General Services Administration (IRS), has the right to terminate its lease, in whole or in part, at any time on or after September 16, 2021 with at least 90 days written notice. The 3rd Largest Tenant, United States of America General Services Administration (Secret Service), has the right to terminate its lease, in whole or in part, at any time on or after September 30, 2018 with at least 90 days written notice.

With respect to Loan No. 34, Sabre Center II, the 4th Largest Tenant, Broadsoft, has a one-time right to terminate its lease on June 1, 2020 with written notice given no later than 270 days prior (September 5, 2019), and a termination fee equal to the sum of the unamortized hard and soft costs of the tenant improvements, the unamortized brokerage fees and two month’s rent.

With respect to Loan No. 37, Lost Tree Financial Center, the Largest Tenant, Ameriprise Holdings, Inc., has the right to terminate its lease as of January 31, 2023, with six months’ notice and the payment of a termination fee.
  With respect to Loan No. 44, 564 6th Street, the Largest Tenant, the City and County of San Francisco, may terminate its lease if sufficient funds are not appropriated for the payment of rent or other payments under the lease.

With respect to Loan No. 55, 5657 Copley Drive, the Largest Tenant, Mr. Copy, Inc., has the right to terminate its lease between March 1, 2023 and February 28, 2025, the last two years of the lease, if tenant specific required capex exceeds six months’ base rent.

With respect to Loan No. 56, WAG Lawrenceville, the Largest Tenant, Walgreens, has the right to terminate

 

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  its lease on December 31 for the years 2021, 2026, 2031, 2036, 2041, 2046, 2051, and 2056 with 12 months’ notice.
   
(25) In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.

With respect to Loan No. 6, InterContinental San Francisco, there is no carveout guarantor for the mortgage loan, and the borrower is the sole party liable for breaches or violations of the provisions in the loan documents and the environmental indemnity.

With respect to Loan No. 7, Sentinel Square II, there is no carveout guarantor for the mortgage loan, and the borrower is the sole party liable for breaches or violations of the nonrecourse carveout provisions in the loan documents and the environmental indemnity.

With respect to Loan No. 8, The Woods, there is no separate Carveout Guarantor.

With respect to Loan No. 10, Worldwide Plaza, the non-recourse carveout guarantors are SL Green Operating Partnership, L.P. (“SLGOP”) and RXR Fund III (consisting of RXR Real Estate Value Added Fund – Fund III LP, RXR RE VAF – Fund III Parallel A LP, RXR RE VAF – Fund III Parallel B LP, RXR RE VAF – Fund III Parallel B (REIT) LP, RXR RE VAF – Fund III Parallel C LP, and RXR RE VAF – Fund III Parallel D LP), on a joint and several basis (except as to events caused solely by SL Green Operating Partnership L.P. or its affiliates or caused solely by RXR Fund III or its affiliates, in which case solely the related guarantor or group of guarantors is liable). The nonrecourse carve-out guarantee is limited to certain carveouts, including (i) loss recourse for any violation of the transfer restrictions contained in the loan documents (other than those that are full recourse) and any unsecured, unpermitted additional debt and (ii) full recourse for insolvency events (capped at $94,000,000), unpermitted transfers of all or substantially all of the office tower, the amenity parcel, the collateral related to the amenity parcel or the equity interests in the borrowers or certain entities related to the amenity parcel owned by the borrowers and unpermitted additional debt secured by the collateral. Recourse for fraud, misapplication or misappropriation of insurance proceeds or condemnation awards and breaches of environmental covenants is only to the related borrowers, not the guarantor, and there is no recourse for intentional misrepresentation, misappropriation of rents or physical waste. There is no environmental indemnitor for the Worldwide Plaza whole loan, other than the borrowers.
   
  With respect to Loan No. 15, Marina Heights State Farm, there is no carveout guarantor for the whole loan, and the borrower is the sole party responsible for breaches or violations of the nonrecourse carve-out provisions in the loan documents and the environmental indemnity.

With respect to Loan No. 18, Lehigh Valley Mall, the obligations and liabilities of the Carveout Guarantor under the non-recourse carveout guaranty are capped at $40,000,000, plus all reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the guaranty or the preservations of the lender’s rights under the guaranty.  

With respect to Loan No. 19, Atrium Center, there is no separate Carveout Guarantor.
   
(26) The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.

With respect to Loan No. 4, EOS 21, the borrower is required to (i) cause the property manager to collect all rents from the residential portion of the mortgaged property and deposit such rents into the lockbox account within three business days after receipt thereof and (ii) notify and advise each commercial tenant of the

 

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  mortgaged property to send directly to the lockbox account all payments of rent payable to the borrower under each applicable lease pursuant to a tenant direction letter sent at origination of the loan. In the event the owners of the borrower incur mezzanine debt in accordance with the loan documents, the borrower is required to implement in-place hard cash management.

With respect to Loan No. 10, Worldwide Plaza, the office tower portion of the collateral securing the Worldwide Plaza mortgage loan is structured with a hard lockbox and springing cash management. The amenities borrower, the pledger of the collateral related to the amenity parcel, has caused the amenities lender to establish a springing lockbox account to which the owner of the amenity parcel deposits cash revenue related to the amenity parcel. During the continuance of a trigger period, the amenities borrower is required to cause the amenities lender not to make any remittances from the amenities lockbox account except generally to pay expenses of the Worldwide Plaza mortgaged property, to the lockbox account or cash management account or certain other specified payments not to exceed $300,000 a year.
   
(27) With respect to Loan Nos. 19, 22 and 23, Atrium Center, Marriott Charlotte City Center and Two Harbor Point Square, the related whole loan will initially be serviced by the master servicer and special servicer pursuant to the pooling and servicing agreement for the Benchmark 2018-B1 transaction. From and after the date on which the related lead servicing companion loan is securitized, it is anticipated that the related whole loan 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 such securitization.
   
(28) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Existing Mezzanine Debt,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 3, Apple Campus 3, the $117,500,000 senior mezzanine loan has an initial interest rate of 4.6200% per annum and an ARD feature with an anticipated repayment date of January 6, 2028, with an increased interest rate equal to the greater of (i) 4.6200% per annum plus 1.50% and (ii) the 10-year swap rate as of the anticipated repayment date plus 1.50%, until the final maturity date of April 6, 2031. The $117,500,000 junior mezzanine loan has an initial interest rate of 6.0000% per annum and an ARD feature with an anticipated repayment date of January 6, 2028, with an increased interest rate equal to the greater of (i) 6.0000% per annum plus 1.50% and (ii) the 10-year swap rate as of the Anticipated Repayment Date plus 1.50%, until the Final Maturity Date of April 6, 2031. The initial interest rates for both loans results in a blended rate of 5.3100%. Payments of interest on the mezzanine loans (at their initial rate) are payable from excess cash flow prior to excess cash flow being used to amortize the related whole loan.
   
  With respect to Loan No. 6, InterContinental San Francisco, pursuant to a side letter between the borrower and IHG Management (Maryland) LLC, IHG Management is required to, over a two-year period, purchase up to $2,500,000 (the “Aggregate Amount”) worth of certain qualifying personal property/FF&E to be used for the hotel, which personal property will be owned by IHG Management, but kept at the InterContinental San Francisco property, with a revocable license to the borrower.  If the management agreement is terminated, the borrower must pay IHG Management the Aggregate Amount, which amount will be reduced by $250,000 on each anniversary of the date IHG Management first incurs any such expense. At the end of the two-year period, IHG Management may fund any unused portion of the Aggregate Amount into the FF&E reserve held by IHG Management. Pursuant to a subordination, non-disturbance and attornment agreement between IHG Management and the lender, if the lender forecloses on the InterContinental San Francisco property and there is a termination event under the IHG Management Agreement, the lender may, but is not obligated to, purchase such personal property from IHG Management for an amount equal to the amount IHG Management spent on such personal property, as reduced on each anniversary of the first purchase as described above.  If the lender chooses not to purchase such personal property, IHG Management will have

 

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  the right to remove such personal property from the InterContinental San Francisco hotel.

With respect to Loan No. 10, Worldwide Plaza, the $260,000,000 mezzanine debt consists of a $190,000,000 mezzanine loan which carries an interest rate of 5.1170% per annum, and a $70,000,000 second mezzanine loan which carries an interest rate of 6.000% per annum.

With respect to Loan No. 10, Worldwide Plaza, the borrowers may issue preferred equity in lieu of or in combination with mezzanine debt, subject to a maximum amount of $120,000,000 and the conditions set forth in the table regarding future mezzanine debt under “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the Preliminary Prospectus. Future mezzanine debt or preferred equity may not be incurred prior to April 18, 2018.  Goldman Sachs Mortgage Company or an affiliate has a right of first offer to provide the future mezzanine debt or preferred equity. The mortgage loan documents provide that there will be no restriction on the right to prepay, defease or redeem such future mezzanine debt or preferred equity.

With respect to Loan No. 16, Red Building, the whole loan is structured with $116,000,000 of subordinate debt split between a B-Note of $51,000,000 at a 5.25% coupon and a C-Note of $65,000,000 at a 6.00% coupon.
 
With respect to Loan No. 18, Lehigh Valley Mall, the loan documents permit the borrower to enter into a “Property-Assessed Clean Energy loan”, incurred for improvements to the property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and repaid through multi-year assessments against the property, for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and rating agency confirmation.

With respect to Loan No. 23, Two Harbor Point Square, the mortgage loan has an interest only period of five years followed by five years of amortization based on a 30-year amortization schedule, and the Two Harbor Point Square mezzanine loan is full term interest only.

With respect to Loan Nos. 35, 39, 42, 46, 49, and 53, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon - Mercury / Garage, Beacon – Orpheum and Beacon – Tower the respective mezzanine loan balances, in aggregate, reflect a single mezzanine loan secured by the interests in each applicable borrower, which is subject to additional advancing as described below.  Mezzanine balances and related mezzanine and total debt calculations reflect the balance as if fully advanced.

 

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