FWP 1 n1292_anxa1-x4.htm FREE WRITING PROSPECTUS

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The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-207677) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the 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 website at www.sec.gov. Alternatively, the depositor or Goldman Sachs & Co. LLC, Academy Securities, Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526 or if you email a request to prospectus-ny@gs.com.

 

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GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Originator Mortgage Loan Seller Related Group Crossed Group Address City State Zip Code General Property Type Detailed Property Type Year Built Year Renovated Units, Pads, Rooms, Sq Ft Unit Description Loan Per Unit ($)
1 Loan 8, 9 GSK North American HQ GSMC GSMC NAP NAP 5 Crescent Drive and 4411 South Broad Street Philadelphia Pennsylvania 19112 Office General Suburban 2013 NAP 207,779 SF 409.81
2 Loan 10, 11, 12 1000 Wilshire GSMC GSMC NAP NAP 1000 Wilshire Boulevard Los Angeles California 90017 Office CBD 1987 2017 477,774 SF 136.57
3 Loan   Aliso Creek Apartments GSBI GSMC NAP NAP 24152 Hollyoak Aliso Viejo California 92656 Multifamily Garden 1987 2009, 2015-2017 535 Units 117,757.01
4 Loan   Commonwealth Centre GSMC GSMC NAP NAP 14370 & 14360 Newbrook Drive Chantilly Virginia 20151 Office General Suburban 2007, 2008 NAP 316,081 SF 155.02
5 Loan 13 MOA Hotel Leased Fee Portfolio GSMC GSMC NAP NAP                 NAP NAP NAP
5.01 Property   Radisson Blu at Mall of America - Ground Lease         2100 Killebrew Drive Bloomington Minnesota 55425 Ground Leased Land Ground Leased Land NAP NAP NAP NAP  
5.02 Property   JW Marriott at Mall of America - Ground Lease         2141 Lindau Lane Bloomington Minnesota 55425 Ground Leased Land Ground Leased Land NAP NAP NAP NAP  
6 Loan 9, 14 FXI Portfolio GSMC GSMC NAP NAP                 2,121,643 SF 33.73
6.01 Property   FXI Portland OR         3900 Northeast 158th Avenue Portland Oregon 97230 Industrial Manufacturing 1972, 1987, 1990 NAP 186,116 SF  
6.02 Property   FXI Auburn IN         2211 Wayne Street Auburn Indiana 46706 Industrial Manufacturing 1974 2002 434,174 SF  
6.03 Property   FXI Santa Teresa NM         2500 Airport Road Santa Teresa New Mexico 88008 Industrial Warehouse/Distribution 1987 NAP 297,812 SF  
6.04 Property   FXI Verona MS         154 Lipford Road Verona Mississippi 38879 Industrial Manufacturing 1972, 1993 NAP 323,300 SF  
6.05 Property   FXI Corry PA         466 South Shady Avenue Corry Pennsylvania 16407 Industrial Manufacturing 1970 1986 277,805 SF  
6.06 Property   FXI Fort Wayne IN         3005 Commercial Road Fort Wayne Indiana 46809 Industrial Manufacturing 1974 NAP 271,380 SF  
6.07 Property   FXI Cuautitlan MX         Canal No. 4 Cuautitlan Izcalli Mexico NAP Industrial Warehouse/Distribution 1997 NAP 331,056 SF  
7 Loan 9, 15 U.S. Industrial Portfolio GSMC GSMC NAP NAP                 2,701,192 SF 39.17
7.01 Property   DialogDirect         13700 Oakland Avenue and 350 Victor Street Highland Park Michigan 48203 Industrial Warehouse/Distribution 1958, 2000 2003 578,050 SF  
7.02 Property   JIT Packaging         1717 Gifford Road Elgin Illinois 60120 Industrial Warehouse/Distribution 1968 2016 443,103 SF  
7.03 Property   Markel         435 School Lane Plymouth Meeting Pennsylvania 19462 Industrial Manufacturing 1930 1977 167,666 SF  
7.04 Property   Dedicated Logistics         8201 54th Avenue North New Hope Minnesota 55428 Industrial Warehouse/Distribution 1967 2011 355,185 SF  
7.05 Property   Wilbert         4221 Otter Lake Road White Bear Township Minnesota 55110 Industrial Manufacturing 1989, 1996 NAP 296,876 SF  
7.06 Property   Matandy Steel         999 East Avenue and 1140 & 1200 Central Avenue Hamilton Ohio 45011 Industrial Manufacturing 1997, 2000, 2009 NAP 174,170 SF  
7.07 Property   Landmark Plastics         1331 Kelly Avenue Akron Ohio 44306 Industrial Manufacturing 1994 NAP 212,000 SF  
7.08 Property   Rohrer Corporation (OH)         717 Seville Road Wadsworth Ohio 44281 Industrial Manufacturing 1979 1999 169,000 SF  
7.09 Property   Rohrer Corporation (IL)         13701 George Bush Court Huntley Illinois 60142 Industrial Warehouse/Distribution 2004 NAP 90,000 SF  
7.10 Property   Rohrer Corporation (GA)         1800 Enterprise Buford Georgia 30518 Industrial Warehouse/Distribution 1994 NAP 117,215 SF  
7.11 Property   AAP Metals         811 Regal Row Dallas Texas 75247 Industrial Manufacturing 1957, 1958, 1966, 2000 NAP 97,927 SF  
8 Loan 9, 14 Quality RV Resorts GSMC GSMC NAP NAP                 1,671 Pads 36,630.76
8.01 Property   Quality RV Resorts Lakeview         11991 Main Street Houston Texas 77035 Manufactured Housing RV Park 2005 NAP 282 Pads  
8.02 Property   Quality RV Resorts Brazoria         109 Stephen F. Austin Trail Brazoria Texas 77422 Manufactured Housing RV Park 2016 NAP 266 Pads  
8.03 Property   Quality RV Resorts Highway Six         14350 Schiller Road Houston Texas 77082 Manufactured Housing RV Park 2016 NAP 218 Pads  
8.04 Property   Quality RV Resorts Mont Belvieu         6103 South FM 565 Road Baytown Texas 77523 Manufactured Housing RV Park 2015 NAP 243 Pads  
8.05 Property   Quality RV Resorts Greenlake         10842 Green Lake Street San Antonio Texas 78223 Manufactured Housing RV Park 2016 NAP 231 Pads  
8.06 Property   Quality RV Resorts Fallbrook         3102 Fallbrook Drive Houston Texas 77038 Manufactured Housing RV Park 2014 NAP 186 Pads  
8.07 Property   Quality RV Resorts Southlake         13701 Hycohen Road Houston Texas 77047 Manufactured Housing RV Park 2014 NAP 121 Pads  
8.08 Property   Quality RV Resorts Allstar         10650 Southwest Plaza Court Houston Texas 77074 Manufactured Housing RV Park 1992 NAP 124 Pads  
9 Loan   Thorncreek Crossing GSMC GSMC Group 1 NAP 901-1301 East 120th Avenue Thornton Colorado 80233 Retail Anchored 2001 NAP 212,127 SF 159.10
10 Loan   SanTan Village Marketplace GSMC GSMC NAP NAP 2697-2817 South Market Street Gilbert Arizona 85295 Retail Anchored 2005-2007 NAP 285,581 SF 117.22
11 Loan 9, 12, 16, 17 Marina Heights State Farm GSMC GSMC NAP NAP 300-600 East Rio Salado Parkway Tempe Arizona 85281 Office General Suburban 2015-2017 NAP 2,031,293 SF 275.69
12 Loan   Dolwick Business Center GSMC GSMC NAP NAP 1350-1360 Dolwick Drive Erlanger Kentucky 41018 Office General Suburban 1983 2005 225,783 SF 114.88
13 Loan 12, 18 5500 Hellyer Avenue GSMC GSMC NAP NAP 5500-5550 Hellyer Avenue San Jose California 95138 Industrial Flex 2000 2018 196,534 SF 130.04
14 Loan   Spring Hill Logistics Center GSMC GSMC NAP NAP 701-715 Beechcroft Road Spring Hill Tennessee 37174 Industrial Warehouse/Distribution 2014, 2015 NAP 498,400 SF 50.16
15 Loan 12, 19, 20 3300 East 1st Avenue GSMC GSMC NAP NAP 3300 East 1st Avenue Denver Colorado 80206 Mixed Use Office/Retail 1978 2015-2016 97,770 SF 249.57
16 Loan 21 The Commons GSMC GSMC NAP NAP 6625-6675, 6795 South Virginia Street Reno Nevada 89511 Retail Anchored 2005 NAP 148,277 SF 145.00
17 Loan   Market at Crenshaw GSMC GSMC NAP NAP 4531-4589 East Sam Houston Parkway South Pasadena Texas 77505 Retail Anchored 2015 NAP 105,315 SF 163.79
18 Loan 9, 14 Davenport Commons GSMC GSMC Group 1 NAP 5511-5811 Elmore Avenue Davenport Iowa 52807 Retail Anchored 2002, 2017 NAP 403,388 SF 86.77
19 Loan 12, 22, 23, 24 Athens Townhomes GSBI GSMC NAP NAP 1401-1837 Athens Drive and 1345-1376 Nicholas Drive Loveland Ohio 45140 Multifamily Townhomes 2001, 2006, 2016-2018 NAP 135 Units 108,888.89
20 Loan   Naples Plaza GSMC GSMC NAP NAP 1058-1090 3rd Avenue Chula Vista California 91911 Retail Anchored 1984, 2001 NAP 84,856 SF 149.67
21 Loan 12, 25 Center at Pearland II GSMC GSMC NAP NAP 2550 Pearland Parkway Pearland Texas 77581 Retail Anchored 2017 NAP 90,336 SF 137.27
22 Loan 12, 26 Holiday Inn Express Toledo West GSMC GSMC NAP NAP  3440 Secor Road Toledo Ohio 43606 Hospitality Limited Service 2016 NAP 106 Rooms 109,386.29
23 Loan   Arbor Plaza GSMC GSMC Group 1 NAP 4600-4637 South Mason Street Fort Collins Colorado 80525 Retail Shadow Anchored 1986 2013 69,683 SF 155.71
24 Loan 9, 12, 27 Two Democracy GSMC GSMC NAP NAP 6707 Democracy Boulevard Bethesda Maryland 20817 Office General Suburban 1989 NAP 275,134 SF 90.48
25 Loan 28, 29 Capital Complex GSMC GSMC NAP NAP 1024 and 1025 Capital Center Drive Frankfort Kentucky 40601 Office General Suburban 1990, 1998 NAP 178,328 SF 54.32
26 Loan   Cabela’s Farmington GSMC GSMC NAP NAP 391 North Cabela’s Drive Farmington Utah 84025 Retail Single Tenant Retail 2015 NAP 68,885 SF 133.56
27 Loan 12, 30, 31 Courtyard Bentonville GSMC GSMC NAP NAP 1001 Mcclain Road Bentonville Arkansas 72712 Hospitality Select Service 1996 2011 90 Rooms 102,222.22
28 Loan   20151 Nordhoff Street GSMC GSMC NAP NAP 20151 Nordhoff Street Chatsworth California 91311 Office General Suburban 1966 1980, 2018 73,595 SF 122.29
29 Loan   Shallowford Exchange GSMC GSMC NAP NAP 2558-2566 Shallowford Road Northeast Atlanta Georgia 30345 Retail Anchored 2002 NAP 46,291 SF 194.19
30 Loan   Roundhouse Campus GSMC GSMC NAP NAP 125 Presumpscot Street Portland Maine 04103 Office General Suburban 1940 2006 66,058 SF 113.90
31 Loan   Shops at Spring Village GSMC GSMC NAP NAP 2203 Spring Stuebner Road Spring Texas 77389 Retail Shadow Anchored 2017 NAP 20,938 SF 341.48
32 Loan   Moses Lake Town Center GSMC GSMC NAP NAP 911 & 933 Stratford Road Moses Lake Washington 98837 Retail Anchored 1988, 2004 2013 58,075 SF 115.37
33 Loan   Dallas Commons GSMC GSMC NAP NAP 457 Nathan Dean Parkway Dallas Georgia 30132 Retail Shadow Anchored 2005 NAP 25,158 SF 244.46

 

A-1-1

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Ownership Interest Original Balance ($) Cut-off Date Balance ($) Allocated Cut-off Date Loan Amount ($) % of Initial Pool Balance Balloon Balance ($) Mortgage Loan Rate (%) Administrative Cost Rate (%) (1) Net Mortgage Loan Rate (%) Monthly Debt Service ($) (2) Annual Debt Service ($) Pari Passu Companion Loan Monthly Debt Service ($) Pari Passu Companion Loan Annual Debt Service ($) Amortization Type
1 Loan 8, 9 GSK North American HQ Fee Simple 75,150,000 75,150,000 75,150,000 9.3% 75,150,000 4.11000% 0.01681% 4.09319% 260,963.59 3,131,563.08 34,725.70 416,708.38 Interest Only
2 Loan 10, 11, 12 1000 Wilshire Fee Simple 65,250,000 65,250,000 65,250,000 8.0% 65,250,000 3.37691570881226% 0.01681% 3.36010570881226% 186,170.07 2,234,040.84     Interest Only
3 Loan   Aliso Creek Apartments Fee Simple 63,000,000 63,000,000 63,000,000 7.8% 63,000,000 3.51928174603175% 0.03431% 3.48497174603175% 187,328.43 2,247,941.16     Interest Only
4 Loan   Commonwealth Centre Fee Simple 49,000,000 49,000,000 49,000,000 6.0% 49,000,000 3.98600% 0.01681% 3.96919% 165,022.25 1,980,267.00     Interest Only
5 Loan 13 MOA Hotel Leased Fee Portfolio   43,336,000 43,336,000 43,336,000 5.3% 43,336,000 5.12750% 0.03431% 5.09319% 187,742.94 2,252,915.28     Interest Only
5.01 Property   Radisson Blu at Mall of America - Ground Lease Fee Simple     23,000,000                    
5.02 Property   JW Marriott at Mall of America - Ground Lease Subleased Air Rights     20,336,000                    
6 Loan 9, 14 FXI Portfolio   43,000,000 43,000,000 43,000,000 5.3% 39,628,298 4.94050% 0.01681% 4.92369% 229,272.18 2,751,266.16 152,279.39 1,827,352.68 Interest Only, Then Amortizing
6.01 Property   FXI Portland OR Fee Simple     8,779,067                    
6.02 Property   FXI Auburn IN Fee Simple     7,493,153                    
6.03 Property   FXI Santa Teresa NM Fee Simple     6,838,178                    
6.04 Property   FXI Verona MS Fee Simple     6,093,069                    
6.05 Property   FXI Corry PA Fee Simple     4,837,200                    
6.06 Property   FXI Fort Wayne IN Fee Simple     4,753,074                    
6.07 Property   FXI Cuautitlan MX Fee Simple     4,206,260                    
7 Loan 9, 15 U.S. Industrial Portfolio   41,800,000 41,800,000 41,800,000 5.2% 41,800,000 4.52400% 0.02681% 4.49719% 159,774.69 1,917,296.28 244,631.12 2,935,573.39 Interest Only
7.01 Property   DialogDirect Fee Simple     9,667,732                    
7.02 Property   JIT Packaging Fee Simple     4,938,563                    
7.03 Property   Markel Fee Simple     4,468,412                    
7.04 Property   Dedicated Logistics Fee Simple     4,227,410                    
7.05 Property   Wilbert Fee Simple     4,014,064                    
7.06 Property   Matandy Steel Fee Simple     3,050,057                    
7.07 Property   Landmark Plastics Fee Simple     3,034,253                    
7.08 Property   Rohrer Corporation (OH) Fee Simple     2,805,104                    
7.09 Property   Rohrer Corporation (IL) Fee Simple     2,236,181                    
7.10 Property   Rohrer Corporation (GA) Fee Simple     1,813,440                    
7.11 Property   AAP Metals Fee Simple     1,544,783                    
8 Loan 9, 14 Quality RV Resorts   35,000,000 35,000,000 35,000,000 4.3% 32,209,532 4.84750% 0.01681% 4.83069% 184,639.11 2,215,669.32 138,268.31 1,659,219.72 Interest Only, Then Amortizing
8.01 Property   Quality RV Resorts Lakeview Fee Simple     8,470,066                    
8.02 Property   Quality RV Resorts Brazoria Fee Simple     6,605,732                    
8.03 Property   Quality RV Resorts Highway Six Fee Simple     4,801,471                    
8.04 Property   Quality RV Resorts Mont Belvieu Fee Simple     3,947,146                    
8.05 Property   Quality RV Resorts Greenlake Fee Simple     3,459,789                    
8.06 Property   Quality RV Resorts Fallbrook Fee Simple     3,357,076                    
8.07 Property   Quality RV Resorts Southlake Fee Simple     2,230,444                    
8.08 Property   Quality RV Resorts Allstar Fee Simple     2,128,277                    
9 Loan   Thorncreek Crossing Fee Simple 33,750,000 33,750,000 33,750,000 4.2% 29,629,378 4.62350% 0.01681% 4.60669% 173,491.79 2,081,901.48     Interest Only, Then Amortizing
10 Loan   SanTan Village Marketplace Fee Simple 33,475,000 33,475,000 33,475,000 4.1% 33,475,000 4.28200% 0.01681% 4.26519% 121,108.99 1,453,307.88     Interest Only
11 Loan 9, 12, 16, 17 Marina Heights State Farm Leasehold 27,500,000 27,500,000 27,500,000 3.4% 27,500,000 3.55950% 0.01556% 3.54394% 82,704.82 992,457.84 1,601,466.01 19,217,592.16 Interest Only - ARD
12 Loan   Dolwick Business Center Fee Simple 26,000,000 25,937,815 25,937,815 3.2% 21,199,636 4.74400% 0.01681% 4.72719% 135,534.29 1,626,411.48     Amortizing
13 Loan 12, 18 5500 Hellyer Avenue Fee Simple 25,590,000 25,557,573 25,557,573 3.2% 20,840,691 4.71100% 0.01681% 4.69419% 132,888.66 1,594,663.92     Amortizing
14 Loan   Spring Hill Logistics Center Fee Simple 25,000,000 25,000,000 25,000,000 3.1% 25,000,000 4.60850% 0.04681% 4.56169% 97,343.89 1,168,126.68     Interest Only
15 Loan 12, 19, 20 3300 East 1st Avenue Fee Simple 24,400,000 24,400,000 24,400,000 3.0% 24,400,000 4.90000% 0.01681% 4.88319% 101,017.13 1,212,205.56     Interest Only
16 Loan 21 The Commons Fee Simple 21,500,000 21,500,000 21,500,000 2.7% 18,390,088 4.55500% 0.04681% 4.50819% 109,641.08 1,315,692.96     Interest Only, Then Amortizing
17 Loan   Market at Crenshaw Fee Simple 17,250,000 17,250,000 17,250,000 2.1% 14,221,408 5.07900% 0.01681% 5.06219% 93,436.37 1,121,236.44     Amortizing
18 Loan 9, 14 Davenport Commons Fee Simple 15,000,000 15,000,000 15,000,000 1.9% 13,855,771 5.09300% 0.01681% 5.07619% 81,377.96 976,535.52 108,503.94 1,302,047.28 Interest Only, Then Amortizing
19 Loan 12, 22, 23, 24 Athens Townhomes Fee Simple 14,700,000 14,700,000 14,700,000 1.8% 12,032,692 4.86100% 0.01681% 4.84419% 77,668.74 932,024.88     Amortizing
20 Loan   Naples Plaza Fee Simple 12,700,000 12,700,000 12,700,000 1.6% 12,700,000 4.88400% 0.05681% 4.82719% 52,406.90 628,882.80     Interest Only
21 Loan 12, 25 Center at Pearland II Fee Simple 12,400,000 12,400,000 12,400,000 1.5% 12,400,000 4.46950% 0.01681% 4.45269% 46,826.29 561,915.48     Interest Only
22 Loan 12, 26 Holiday Inn Express Toledo West Fee Simple 11,620,000 11,594,947 11,594,947 1.4% 9,630,595 5.24250% 0.03681% 5.20569% 64,112.10 769,345.20     Amortizing
23 Loan   Arbor Plaza Fee Simple 10,850,000 10,850,000 10,850,000 1.3% 10,003,386 4.96900% 0.01681% 4.95219% 58,039.76 696,477.12     Interest Only, Then Amortizing
24 Loan 9, 12, 27 Two Democracy Leasehold 10,000,000 9,958,034 9,958,034 1.2% 8,327,318 5.39150% 0.01681% 5.37469% 56,100.03 673,200.36 84,150.05 1,009,800.60 Amortizing - ARD
25 Loan 28, 29 Capital Complex Fee Simple 9,687,000 9,687,000 9,687,000 1.2% 8,042,335 5.29700% 0.05681% 5.24019% 53,774.32 645,291.84     Amortizing
26 Loan   Cabela’s Farmington Fee Simple 9,200,000 9,200,000 9,200,000 1.1% 9,200,000 4.78650% 0.01681% 4.76969% 37,206.17 446,474.04     Interest Only
27 Loan 12, 30, 31 Courtyard Bentonville Fee Simple 9,200,000 9,200,000 9,200,000 1.1% 8,154,132 5.05400% 0.05681% 4.99719% 49,691.66 596,299.92     Interest Only, Then Amortizing
28 Loan   20151 Nordhoff Street Fee Simple 9,000,000 9,000,000 9,000,000 1.1% 7,328,972 4.70650% 0.01681% 4.68969% 46,712.57 560,550.84     Amortizing
29 Loan   Shallowford Exchange Fee Simple 9,000,000 8,989,414 8,989,414 1.1% 7,428,043 5.11500% 0.01681% 5.09819% 48,948.47 587,381.64     Amortizing
30 Loan   Roundhouse Campus Fee Simple 7,524,000 7,524,000 7,524,000 0.9% 6,913,323 4.74850% 0.01681% 4.73169% 39,241.94 470,903.28     Interest Only, Then Amortizing
31 Loan   Shops at Spring Village Fee Simple 7,150,000 7,150,000 7,150,000 0.9% 6,597,161 5.01800% 0.01681% 5.00119% 38,461.44 461,537.28     Interest Only, Then Amortizing
32 Loan   Moses Lake Town Center Fee Simple 6,700,000 6,700,000 6,700,000 0.8% 6,700,000 4.67700% 0.01681% 4.66019% 26,475.93 317,711.16     Interest Only
33 Loan   Dallas Commons Fee Simple 6,150,000 6,150,000 6,150,000 0.8% 5,300,605 4.84550% 0.08431% 4.76119% 32,436.27 389,235.24     Interest Only, Then Amortizing

 

A-1-2

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Interest Accrual Method Seasoning Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Due Date First Due Date Last IO Due Date First P&I Due Date Maturity Date / ARD ARD (Yes / No) Final Maturity Date Grace Period- Late Fee Grace Period- Default Prepayment Provision (3) 2015 EGI ($)
1 Loan 8, 9 GSK North American HQ Actual/360 1 60 59 60 59 0 0 5/7/2018 6 7/6/2018 6/6/2023   6/6/2023 No   0 0 Lockout/25_Defeasance/28_0%/7 N/A
2 Loan 10, 11, 12 1000 Wilshire Actual/360 4 84 80 84 80 0 0 2/23/2018 6 4/6/2018 3/6/2025   3/6/2025 No   5 0 Lockout/28_YM/51_0%/5 14,500,758
3 Loan   Aliso Creek Apartments Actual/360 3 120 117 120 117 0 0 3/29/2018 6 5/6/2018 4/6/2028   4/6/2028 No   0 0 Lockout/27_Defeasance/89_0%/4 10,988,804
4 Loan   Commonwealth Centre Actual/360 2 120 118 120 118 0 0 4/11/2018 6 6/6/2018 5/6/2028   5/6/2028 No   0 0 Lockout/26_Defeasance/87_0%/7 9,757,365
5 Loan 13 MOA Hotel Leased Fee Portfolio Actual/360 0 120 120 120 120 0 0 6/14/2018 6 8/6/2018 7/6/2028   7/6/2028 No   0 0 Lockout/24_Defeasance/89_0%/7 1,788,569
5.01 Property   Radisson Blu at Mall of America - Ground Lease                                       N/A
5.02 Property   JW Marriott at Mall of America - Ground Lease                                       N/A
6 Loan 9, 14 FXI Portfolio Actual/360 0 60 60 120 120 360 360 6/20/2018 6 8/6/2018 7/6/2023 8/6/2023 7/6/2028 No   0 0 Lockout/24_Defeasance/92_0%/4 N/A
6.01 Property   FXI Portland OR                                       N/A
6.02 Property   FXI Auburn IN                                       N/A
6.03 Property   FXI Santa Teresa NM                                       N/A
6.04 Property   FXI Verona MS                                       N/A
6.05 Property   FXI Corry PA                                       N/A
6.06 Property   FXI Fort Wayne IN                                       N/A
6.07 Property   FXI Cuautitlan MX                                       N/A
7 Loan 9, 15 U.S. Industrial Portfolio Actual/360 4 120 116 120 116 0 0 3/2/2018 6 4/6/2018 3/6/2028   3/6/2028 No   3 0 Lockout/28_Defeasance/88_0%/4 5,831,703
7.01 Property   DialogDirect                                       N/A
7.02 Property   JIT Packaging                                       N/A
7.03 Property   Markel                                       N/A
7.04 Property   Dedicated Logistics                                       N/A
7.05 Property   Wilbert                                       N/A
7.06 Property   Matandy Steel                                       N/A
7.07 Property   Landmark Plastics                                       N/A
7.08 Property   Rohrer Corporation (OH)                                       N/A
7.09 Property   Rohrer Corporation (IL)                                       N/A
7.10 Property   Rohrer Corporation (GA)                                       N/A
7.11 Property   AAP Metals                                       N/A
8 Loan 9, 14 Quality RV Resorts Actual/360 0 60 60 120 120 360 360 6/25/2018 6 8/6/2018 7/6/2023 8/6/2023 7/6/2028 No   0 0 Lockout/24_>YM or 1%/89_0%/7 N/A
8.01 Property   Quality RV Resorts Lakeview                                       N/A
8.02 Property   Quality RV Resorts Brazoria                                       N/A
8.03 Property   Quality RV Resorts Highway Six                                       N/A
8.04 Property   Quality RV Resorts Mont Belvieu                                       N/A
8.05 Property   Quality RV Resorts Greenlake                                       N/A
8.06 Property   Quality RV Resorts Fallbrook                                       N/A
8.07 Property   Quality RV Resorts Southlake                                       N/A
8.08 Property   Quality RV Resorts Allstar                                       N/A
9 Loan   Thorncreek Crossing Actual/360 2 36 34 120 118 360 360 4/11/2018 6 6/6/2018 5/6/2021 6/6/2021 5/6/2028 No   0 0 Lockout/26_>YM or 1%/90_0%/4 4,596,890
10 Loan   SanTan Village Marketplace Actual/360 1 120 119 120 119 0 0 5/11/2018 6 7/6/2018 6/6/2028   6/6/2028 No   0 0 Lockout/11_>YM or 1%/102_0%/7 5,563,340
11 Loan 9, 12, 16, 17 Marina Heights State Farm Actual/360 6 120 114 120 114 0 0 12/7/2017 6 2/6/2018 1/6/2028   1/6/2028 Yes 1/6/2033 0 0 Lockout/11_>YM or 1%/102_0%/7 N/A
12 Loan   Dolwick Business Center Actual/360 2 0 0 120 118 360 358 5/4/2018 6 6/6/2018   6/6/2018 5/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4 3,237,898
13 Loan 12, 18 5500 Hellyer Avenue Actual/360 1 0 0 120 119 360 359 6/5/2018 6 7/6/2018   7/6/2018 6/6/2028 No   0 0 Lockout/25_Defeasance/90_0%/5 2,619,344
14 Loan   Spring Hill Logistics Center Actual/360 1 120 119 120 119 0 0 5/31/2018 6 7/6/2018 6/6/2028   6/6/2028 No   0 0 Lockout/25_>YM or 1%/90_0%/5 1,605,622
15 Loan 12, 19, 20 3300 East 1st Avenue Actual/360 1 120 119 120 119 0 0 5/18/2018 6 7/6/2018 6/6/2028   6/6/2028 No   0 0 Lockout/25_Defeasance/91_0%/4 1,095,373
16 Loan 21 The Commons Actual/360 0 24 24 120 120 360 360 6/20/2018 6 8/6/2018 7/6/2020 8/6/2020 7/6/2028 No   0 0 Lockout/24_Defeasance/92_0%/4 N/A
17 Loan   Market at Crenshaw Actual/360 0 0 0 120 120 360 360 6/28/2018 6 8/6/2018   8/6/2018 7/6/2028 No   0 0 Lockout/24_>YM or 1%/92_0%/4 N/A
18 Loan 9, 14 Davenport Commons Actual/360 0 60 60 120 120 360 360 7/3/2018 6 8/6/2018 7/6/2023 8/6/2023 7/6/2028 No   0 0 Lockout/24_>YM or 1%/92_0%/4 1,756,775
19 Loan 12, 22, 23, 24 Athens Townhomes Actual/360 0 0 0 120 120 360 360 6/13/2018 6 8/6/2018   8/6/2018 7/6/2028 No   0 0 Lockout/24_Defeasance/92_0%/4 N/A
20 Loan   Naples Plaza Actual/360 2 120 118 120 118 0 0 4/17/2018 6 6/6/2018 5/6/2028   5/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4 N/A
21 Loan 12, 25 Center at Pearland II Actual/360 2 120 118 120 118 0 0 5/2/2018 6 6/6/2018 5/6/2028   5/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4 N/A
22 Loan 12, 26 Holiday Inn Express Toledo West Actual/360 2 0 0 120 118 360 358 4/24/2018 6 6/6/2018   6/6/2018 5/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4 N/A
23 Loan   Arbor Plaza Actual/360 3 60 57 120 117 360 360 3/15/2018 6 5/6/2018 4/6/2023 5/6/2023 4/6/2028 No   0 0 Lockout/27_>YM or 1%/89_0%/4 1,110,173
24 Loan 9, 12, 27 Two Democracy Actual/360 4 0 0 120 116 360 356 2/15/2018 6 4/6/2018   4/6/2018 3/6/2028 Yes 3/6/2033 0 0 Lockout/28_Defeasance/88_0%/4 9,132,381
25 Loan 28, 29 Capital Complex Actual/360 0 0 0 120 120 360 360 6/13/2018 6 8/6/2018   8/6/2018 7/6/2028 No   0 0 Lockout/24_Defeasance/92_0%/4 1,578,421
26 Loan   Cabela’s Farmington Actual/360 1 120 119 120 119 0 0 5/18/2018 6 7/6/2018 6/6/2028   6/6/2028 No   0 0 Lockout/25_>YM or 1%/91_0%/4 N/A
27 Loan 12, 30, 31 Courtyard Bentonville Actual/360 1 36 35 120 119 360 360 6/1/2018 6 7/6/2018 6/6/2021 7/6/2021 6/6/2028 No   0 0 Lockout/25_Defeasance/91_0%/4 2,770,176
28 Loan   20151 Nordhoff Street Actual/360 0 0 0 120 120 360 360 6/19/2018 6 8/6/2018   8/6/2018 7/6/2028 No   0 0 Lockout/24_Defeasance/92_0%/4 N/A
29 Loan   Shallowford Exchange Actual/360 1 0 0 120 119 360 359 5/15/2018 6 7/6/2018   7/6/2018 6/6/2028 No   0 0 Lockout/25_Defeasance/91_0%/4 991,509
30 Loan   Roundhouse Campus Actual/360 1 60 59 120 119 360 360 5/24/2018 6 7/6/2018 6/6/2023 7/6/2023 6/6/2028 No   0 0 Lockout/25_Defeasance/91_0%/4 1,042,887
31 Loan   Shops at Spring Village Actual/360 2 60 58 120 118 360 360 5/2/2018 6 6/6/2018 5/6/2023 6/6/2023 5/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4 N/A
32 Loan   Moses Lake Town Center Actual/360 0 120 120 120 120 0 0 6/11/2018 6 8/6/2018 7/6/2028   7/6/2028 No   0 0 Lockout/24_Defeasance/91_0%/5 796,332
33 Loan   Dallas Commons Actual/360 0 24 24 120 120 360 360 6/8/2018 6 8/6/2018 7/6/2020 8/6/2020 7/6/2028 No   0 0 Lockout/24_Defeasance/91_0%/5 848,058

 

A-1-3

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name 2015 Expenses ($) 2015 NOI ($) 2016 EGI ($) 2016 Expenses ($) 2016 NOI ($) 2017 EGI ($) 2017 Expenses ($) 2017 NOI ($) Most Recent EGI (if past 2017) ($) Most Recent Expenses (if past 2017) ($) Most Recent NOI (if past 2017) ($) Most Recent NOI Date (if past 2017) Most Recent # of months Most Recent Description
1 Loan 8, 9 GSK North American HQ N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
2 Loan 10, 11, 12 1000 Wilshire 6,322,642 8,178,116 16,806,590 6,739,220 10,067,370 17,411,168 7,172,320 10,238,847 N/A N/A N/A N/A N/A Not Available
3 Loan   Aliso Creek Apartments 3,163,003 7,825,801 11,732,290 3,088,559 8,643,731 12,115,456 3,116,040 8,999,416 12,177,707 3,130,299 9,047,408 2/28/2018 12 Trailing 12
4 Loan   Commonwealth Centre 3,053,753 6,703,612 7,897,225 2,803,539 5,093,686 8,475,315 2,895,380 5,579,935 8,597,127 3,037,438 5,559,689 2/28/2018 12 Trailing 12
5 Loan 13 MOA Hotel Leased Fee Portfolio 3,924 1,784,645 2,873,801 6,733 2,867,068 2,754,975 27,410 2,727,566 2,894,853 27,368 2,867,485 2/28/2018 12 Trailing 12
5.01 Property   Radisson Blu at Mall of America - Ground Lease N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
5.02 Property   JW Marriott at Mall of America - Ground Lease N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6 Loan 9, 14 FXI Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.01 Property   FXI Portland OR N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.02 Property   FXI Auburn IN N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.03 Property   FXI Santa Teresa NM N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.04 Property   FXI Verona MS N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.05 Property   FXI Corry PA N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.06 Property   FXI Fort Wayne IN N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
6.07 Property   FXI Cuautitlan MX N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7 Loan 9, 15 U.S. Industrial Portfolio 1,507,108 4,324,595 10,528,464 2,085,214 8,443,250 13,563,330 2,737,004 10,826,326 N/A N/A N/A N/A N/A Not Available
7.01 Property   DialogDirect N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.02 Property   JIT Packaging N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.03 Property   Markel N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.04 Property   Dedicated Logistics N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.05 Property   Wilbert N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.06 Property   Matandy Steel N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.07 Property   Landmark Plastics N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.08 Property   Rohrer Corporation (OH) N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.09 Property   Rohrer Corporation (IL) N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.10 Property   Rohrer Corporation (GA) N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
7.11 Property   AAP Metals N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8 Loan 9, 14 Quality RV Resorts N/A N/A N/A N/A N/A 12,158,342 5,269,016 6,889,325 12,268,780 5,751,918 6,516,863 5/31/2018 12 Trailing 12
8.01 Property   Quality RV Resorts Lakeview N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.02 Property   Quality RV Resorts Brazoria N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.03 Property   Quality RV Resorts Highway Six N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.04 Property   Quality RV Resorts Mont Belvieu N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.05 Property   Quality RV Resorts Greenlake N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.06 Property   Quality RV Resorts Fallbrook N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.07 Property   Quality RV Resorts Southlake N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
8.08 Property   Quality RV Resorts Allstar N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
9 Loan   Thorncreek Crossing 1,273,869 3,323,021 4,652,784 1,266,498 3,386,286 5,124,225 1,487,999 3,636,226 N/A N/A N/A N/A N/A Not Available
10 Loan   SanTan Village Marketplace 1,231,704 4,331,635 5,726,805 1,266,901 4,459,904 5,816,628 1,228,406 4,588,223 N/A N/A N/A N/A N/A Not Available
11 Loan 9, 12, 16, 17 Marina Heights State Farm N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
12 Loan   Dolwick Business Center 1,138,355 2,099,543 3,364,794 1,184,802 2,179,992 3,809,059 1,179,370 2,629,689 3,851,349 1,186,963 2,664,386 2/28/2018 12 Trailing 12
13 Loan 12, 18 5500 Hellyer Avenue 1,331,668 1,287,676 2,202,343 1,391,773 810,569 3,100,625 1,472,910 1,627,716 N/A N/A N/A N/A N/A Not Available
14 Loan   Spring Hill Logistics Center 87,926 1,517,696 2,210,127 106,745 2,103,382 2,998,946 173,419 2,825,526 N/A N/A N/A N/A N/A Not Available
15 Loan 12, 19, 20 3300 East 1st Avenue 782,554 312,819 1,203,670 665,953 537,717 2,960,067 990,174 1,969,892 N/A N/A N/A N/A N/A Not Available
16 Loan 21 The Commons N/A N/A 3,295,623 671,911 2,623,712 3,088,930 680,344 2,408,586 N/A N/A N/A N/A N/A Not Available
17 Loan   Market at Crenshaw N/A N/A N/A N/A N/A 2,379,181 880,054 1,499,127 2,460,650 890,971 1,569,679 3/31/2018 12 Trailing 12
18 Loan 9, 14 Davenport Commons 273,381 1,483,394 1,732,078 294,232 1,437,847 3,261,959 548,632 2,713,326 3,866,819 529,044 3,337,776 4/30/2018 12 Trailing 12
19 Loan 12, 22, 23, 24 Athens Townhomes N/A N/A N/A N/A N/A 1,323,285 369,954 953,331 N/A N/A N/A N/A N/A Not Available
20 Loan   Naples Plaza N/A N/A 2,174,370 634,629 1,539,741 2,112,178 389,984 1,722,194 2,195,445 412,058 1,783,387 1/31/2018 12 Trailing 12
21 Loan 12, 25 Center at Pearland II N/A N/A N/A N/A N/A 1,215,751 316,249 899,501 1,427,221 309,853 1,117,368 3/31/2018 12 Trailing 12
22 Loan 12, 26 Holiday Inn Express Toledo West N/A N/A 2,337,441 1,487,908 849,532 3,564,450 1,824,257 1,740,194 3,619,552 1,946,017 1,673,535 2/28/2018 12 Trailing 12
23 Loan   Arbor Plaza 331,611 778,562 1,324,934 419,685 905,249 1,463,727 421,109 1,042,618 N/A N/A N/A N/A N/A Not Available
24 Loan 9, 12, 27 Two Democracy 4,961,563 4,170,818 10,364,945 5,971,533 4,393,412 9,335,725 4,972,743 4,362,982 9,365,573 4,925,628 4,439,945 3/31/2018 12 Trailing 12
25 Loan 28, 29 Capital Complex 386,438 1,191,983 1,692,105 373,392 1,318,713 1,546,693 411,235 1,135,458 1,581,329 418,934 1,162,395 3/31/2018 12 Trailing 12
26 Loan   Cabela’s Farmington N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
27 Loan 12, 30, 31 Courtyard Bentonville 1,645,393 1,124,783 2,827,040 1,679,688 1,147,352 3,002,785 1,768,938 1,233,847 3,073,978 1,792,370 1,281,608 4/30/2018 12 Trailing 12
28 Loan   20151 Nordhoff Street N/A N/A 1,529,047 503,768 1,025,279 1,529,297 513,683 1,015,614 N/A N/A N/A N/A N/A Not Available
29 Loan   Shallowford Exchange 344,415 647,095 1,085,390 386,205 699,184 1,133,148 343,231 789,917 N/A N/A N/A N/A N/A Not Available
30 Loan   Roundhouse Campus 363,818 679,069 1,094,542 311,705 782,837 1,148,169 350,328 797,841 1,191,224 345,088 846,136 3/31/2018 12 Trailing 12
31 Loan   Shops at Spring Village N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Available
32 Loan   Moses Lake Town Center 159,221 637,111 848,833 185,057 663,775 979,917 229,543 750,374 N/A N/A N/A N/A N/A Not Available
33 Loan   Dallas Commons 245,069 602,989 875,827 275,761 600,066 843,006 260,378 582,628 N/A N/A N/A N/A N/A Not Available

 

A-1-4

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Debt Yield on Underwritten Net Operating Income (%) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NCF DSCR (x) (4) Debt Yield on Underwritten Net Cash Flow (%) Appraised Value ($) Appraisal Date As Stabilized Appraised Value ($) As Stabilized Appraisal Date
1 Loan 8, 9 GSK North American HQ 9,750,573 292,517 9,458,056 11.1% 51,945 119,473 9,286,638 2.62 10.9% 132,700,000 4/2/2018 NAP NAP
2 Loan 10, 11, 12 1000 Wilshire 18,695,053 8,097,977 10,597,076 16.2% 115,178 319,176 10,162,723 4.55 15.6% 197,500,000 1/29/2018 200,000,000 1/29/2019
3 Loan   Aliso Creek Apartments 12,641,853 3,140,723 9,501,130 15.1% 139,635 0 9,361,495 4.16 14.9% 180,400,000 2/22/2018 NAP NAP
4 Loan   Commonwealth Centre 9,241,950 3,037,801 6,204,149 12.7% 79,020 373,387 5,751,742 2.90 11.7% 97,700,000 3/6/2018 NAP NAP
5 Loan 13 MOA Hotel Leased Fee Portfolio 3,230,453 17,205 3,213,248 7.4% 0 0 3,213,248 1.43 7.4% 68,400,000 4/17/2018 NAP NAP
5.01 Property   Radisson Blu at Mall of America - Ground Lease N/A N/A 1,662,941   N/A N/A 1,662,941     37,400,000 4/17/2018 NAP NAP
5.02 Property   JW Marriott at Mall of America - Ground Lease N/A N/A 1,550,307   N/A N/A 1,550,307     31,000,000 4/17/2018 NAP NAP
6 Loan 9, 14 FXI Portfolio 8,178,899 245,367 7,933,532 11.1% 318,246 403,112 7,212,173 1.58 10.1% 107,703,000 Various NAP NAP
6.01 Property   FXI Portland OR N/A N/A 1,450,306   N/A N/A 1,387,026     21,070,000 4/4/2018 NAP NAP
6.02 Property   FXI Auburn IN N/A N/A 1,403,017   N/A N/A 1,255,398     18,600,000 3/29/2018 NAP NAP
6.03 Property   FXI Santa Teresa NM N/A N/A 1,181,350   N/A N/A 1,080,094     16,800,000 3/28/2018 NAP NAP
6.04 Property   FXI Verona MS N/A N/A 959,424   N/A N/A 849,502     14,800,000 5/22/2018 NAP NAP
6.05 Property   FXI Corry PA N/A N/A 832,876   N/A N/A 738,422     12,100,000 3/29/2018 NAP NAP
6.06 Property   FXI Fort Wayne IN N/A N/A 973,700   N/A N/A 881,431     11,900,000 3/29/2018 NAP NAP
6.07 Property   FXI Cuautitlan MX N/A N/A 1,132,858   N/A N/A 1,020,299     12,433,000 4/10/2018 NAP NAP
7 Loan 9, 15 U.S. Industrial Portfolio 13,162,158 3,008,954 10,153,204 9.6% 270,119 513,226 9,369,858 1.93 8.9% 157,000,000 1/31/2018 NAP NAP
7.01 Property   DialogDirect N/A N/A 2,180,013   N/A N/A 2,012,378     34,000,000 1/16/2018 NAP NAP
7.02 Property   JIT Packaging N/A N/A 1,262,722   N/A N/A 1,134,222     18,600,000 1/17/2018 NAP NAP
7.03 Property   Markel N/A N/A 1,041,468   N/A N/A 992,845     15,650,000 1/18/2018 NAP NAP
7.04 Property   Dedicated Logistics N/A N/A 1,026,453   N/A N/A 923,449     14,890,000 1/17/2018 NAP NAP
7.05 Property   Wilbert N/A N/A 1,013,052   N/A N/A 926,958     14,880,000 1/19/2018 NAP NAP
7.06 Property   Matandy Steel N/A N/A 714,488   N/A N/A 663,979     10,550,000 1/17/2018 NAP NAP
7.07 Property   Landmark Plastics N/A N/A 919,080   N/A N/A 857,600     10,920,000 1/23/2018 NAP NAP
7.08 Property   Rohrer Corporation (OH) N/A N/A 651,135   N/A N/A 602,125     10,090,000 1/23/2018 NAP NAP
7.09 Property   Rohrer Corporation (IL) N/A N/A 542,394   N/A N/A 516,294     8,200,000 1/17/2018 NAP NAP
7.10 Property   Rohrer Corporation (GA) N/A N/A 449,424   N/A N/A 415,431     6,250,000 1/30/2018 NAP NAP
7.11 Property   AAP Metals N/A N/A 352,977   N/A N/A 324,578     5,350,000 1/17/2018 NAP NAP
8 Loan 9, 14 Quality RV Resorts 12,308,195 5,711,483 6,596,713 10.8% 41,775 0 6,554,938 1.69 10.7% 102,600,000 3/12/2018 NAP NAP
8.01 Property   Quality RV Resorts Lakeview N/A N/A 1,596,417   N/A N/A 1,586,307     24,900,000 3/12/2018 NAP NAP
8.02 Property   Quality RV Resorts Brazoria N/A N/A 1,245,032   N/A N/A 1,237,147     18,000,000 3/12/2018 NAP NAP
8.03 Property   Quality RV Resorts Highway Six N/A N/A 904,969   N/A N/A 899,238     14,500,000 3/12/2018 NAP NAP
8.04 Property   Quality RV Resorts Mont Belvieu N/A N/A 743,948   N/A N/A 739,237     12,400,000 3/12/2018 NAP NAP
8.05 Property   Quality RV Resorts Greenlake N/A N/A 652,092   N/A N/A 647,963     11,500,000 3/12/2018 NAP NAP
8.06 Property   Quality RV Resorts Fallbrook N/A N/A 632,733   N/A N/A 628,726     9,800,000 3/12/2018 NAP NAP
8.07 Property   Quality RV Resorts Southlake N/A N/A 420,389   N/A N/A 417,726     5,800,000 3/12/2018 NAP NAP
8.08 Property   Quality RV Resorts Allstar N/A N/A 401,132   N/A N/A 398,592     5,700,000 3/12/2018 NAP NAP
9 Loan   Thorncreek Crossing 4,939,693 1,383,814 3,555,879 10.5% 27,709 125,931 3,402,239 1.63 10.1% 47,000,000 2/23/2018 NAP NAP
10 Loan   SanTan Village Marketplace 5,652,230 1,227,405 4,424,825 13.2% 53,634 183,794 4,187,398 2.88 12.5% 52,770,000 3/20/2018 NAP NAP
11 Loan 9, 12, 16, 17 Marina Heights State Farm 83,160,015 19,826,859 63,333,156 11.3% 142,191 53,733 63,137,233 3.12 11.3% 960,000,000 11/20/2017 989,000,000 4/1/2019
12 Loan   Dolwick Business Center 4,050,085 1,224,918 2,825,167 10.9% 45,157 80,522 2,699,489 1.66 10.4% 36,500,000 3/28/2018 NAP NAP
13 Loan 12, 18 5500 Hellyer Avenue 4,194,731 1,620,932 2,573,799 10.1% 47,168 173,487 2,353,144 1.48 9.2% 32,325,000 5/1/2018 35,775,000 7/1/2018
14 Loan   Spring Hill Logistics Center 3,105,720 514,073 2,591,647 10.4% 74,760 135,356 2,381,532 2.04 9.5% 39,750,000 5/7/2018 NAP NAP
15 Loan 12, 19, 20 3300 East 1st Avenue 3,227,804 1,249,679 1,978,125 8.1% 19,554 49,141 1,909,430 1.58 7.8% 37,900,000 4/19/2018 39,400,000 4/19/2019
16 Loan 21 The Commons 3,237,747 662,968 2,574,779 12.0% 29,655 90,728 2,454,395 1.87 11.4% 30,500,000 5/17/2018 NAP NAP
17 Loan   Market at Crenshaw 2,477,686 763,802 1,713,884 9.9% 10,532 99,185 1,604,168 1.43 9.3% 23,500,000 5/21/2018 NAP NAP
18 Loan 9, 14 Davenport Commons 3,849,568 713,750 3,135,818 9.0% 60,508 182,689 2,892,621 1.27 8.3% 51,000,000 5/15/2018 NAP NAP
19 Loan 12, 22, 23, 24 Athens Townhomes 1,818,448 666,804 1,151,644 8.9% 33,750 0 1,117,894 1.20 8.6% 20,620,000 3/20/2018 22,480,000 10/1/2018
20 Loan   Naples Plaza 1,787,486 499,545 1,287,942 10.1% 12,728 53,253 1,221,960 1.94 9.6% 20,000,000 3/8/2018 NAP NAP
21 Loan 12, 25 Center at Pearland II 1,842,390 539,804 1,302,586 10.5% 13,550 42,072 1,246,964 2.22 10.1% 19,470,000 3/22/2018 19,710,000 6/22/2018
22 Loan 12, 26 Holiday Inn Express Toledo West 3,619,556 1,991,488 1,628,068 14.0% 144,782 0 1,483,285 1.93 12.8% 16,600,000 3/13/2018 18,500,000 4/1/2022
23 Loan   Arbor Plaza 1,565,262 527,322 1,037,940 9.6% 10,320 57,105 970,515 1.39 8.9% 15,500,000 2/25/2018 NAP NAP
24 Loan 9, 12, 27 Two Democracy 8,818,283 5,142,445 3,675,838 14.8% 55,027 201,574 3,419,237 2.03 13.7% 65,900,000 12/19/2017 69,200,000 1/1/2021
25 Loan 28, 29 Capital Complex 1,577,779 404,835 1,172,944 12.1% 35,666 9,766 1,127,512 1.75 11.6% 14,101,000 5/6/2018 NAP NAP
26 Loan   Cabela’s Farmington 1,104,178 11,042 1,093,137 11.9% 8,266 32,720 1,052,150 2.36 11.4% 18,400,000 3/29/2018 NAP NAP
27 Loan 12, 30, 31 Courtyard Bentonville 3,073,978 1,854,778 1,219,200 13.3% 122,959 0 1,096,241 1.84 11.9% 11,000,000 4/1/2018 14,700,000 4/1/2020
28 Loan   20151 Nordhoff Street 1,575,400 508,654 1,066,746 11.9% 11,775 24,955 1,030,016 1.84 11.4% 18,450,000 1/19/2018 NAP NAP
29 Loan   Shallowford Exchange 1,110,268 330,550 779,717 8.7% 6,944 24,541 748,233 1.27 8.3% 12,800,000 4/3/2018 NAP NAP
30 Loan   Roundhouse Campus 1,192,928 346,366 846,562 11.3% 17,836 51,065 777,661 1.65 10.3% 11,600,000 4/11/2018 NAP NAP
31 Loan   Shops at Spring Village 888,526 222,998 665,528 9.3% 4,188 4,442 656,898 1.42 9.2% 11,140,000 3/19/2018 NAP NAP
32 Loan   Moses Lake Town Center 927,236 215,652 711,584 10.6% 8,711 39,904 662,968 2.09 9.9% 10,800,000 4/19/2018 NAP NAP
33 Loan   Dallas Commons 894,071 256,403 637,669 10.4% 5,032 16,400 616,237 1.58 10.0% 8,200,000 5/9/2018 NAP NAP

 

A-1-5

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Occupancy (%) (5) Occupancy Date ADR ($) RevPAR ($) Largest Tenant Largest Tenant Sq Ft Largest Tenant Lease Expiration (6) Second Largest Tenant Second Largest Tenant Sq Ft Second Largest Tenant Lease Expiration (6) Third Largest Tenant Third Largest Tenant Sq Ft Third Largest Tenant Lease Expiration (6)
1 Loan 8, 9 GSK North American HQ 64.2% 64.2% 100.0% 6/30/2018 NAP NAP GSK 207,779 9/30/2028 NAP     NAP    
2 Loan 10, 11, 12 1000 Wilshire 33.0% 32.6% 86.5% 1/1/2018 NAP NAP Wedbush Securities 100,397 12/31/2025 Buchalter Nemer 95,235 11/30/2021 Open Bank 26,354 1/31/2025
3 Loan   Aliso Creek Apartments 34.9% 34.9% 95.5% 3/21/2018 NAP NAP NAP     NAP     NAP    
4 Loan   Commonwealth Centre 50.2% 50.2% 100.0% 4/1/2018 NAP NAP CACI 220,551 1/31/2029 GSA 95,530 11/14/2026 NAP    
5 Loan 13 MOA Hotel Leased Fee Portfolio 63.4% 63.4% NAP   NAP NAP                  
5.01 Property   Radisson Blu at Mall of America - Ground Lease     NAP NAP NAP NAP NAP     NAP     NAP    
5.02 Property   JW Marriott at Mall of America - Ground Lease     NAP NAP NAP NAP NAP     NAP     NAP    
6 Loan 9, 14 FXI Portfolio 66.4% 61.2% 100.0%   NAP NAP                  
6.01 Property   FXI Portland OR     100.0% 6/30/2018 NAP NAP FXI 186,116 6/30/2038 NAP     NAP    
6.02 Property   FXI Auburn IN     100.0% 6/30/2018 NAP NAP FXI 434,174 6/30/2038 NAP     NAP    
6.03 Property   FXI Santa Teresa NM     100.0% 6/30/2018 NAP NAP FXI 297,812 6/30/2038 NAP     NAP    
6.04 Property   FXI Verona MS     100.0% 6/30/2018 NAP NAP FXI 323,300 6/30/2038 NAP     NAP    
6.05 Property   FXI Corry PA     100.0% 6/30/2018 NAP NAP FXI 277,805 6/30/2038 NAP     NAP    
6.06 Property   FXI Fort Wayne IN     100.0% 6/30/2018 NAP NAP FXI 271,380 6/30/2038 NAP     NAP    
6.07 Property   FXI Cuautitlan MX     100.0% 6/30/2018 NAP NAP FXI 331,056 6/30/2038 NAP     NAP    
7 Loan 9, 15 U.S. Industrial Portfolio 67.4% 67.4% 100.0%   NAP NAP                  
7.01 Property   DialogDirect     100.0% 6/30/2018 NAP NAP DialogDirect, Inc. 578,050 3/31/2030 NAP     NAP    
7.02 Property   JIT Packaging     100.0% 6/30/2018 NAP NAP JIT Packaging, LLC 443,103 6/30/2028 NAP     NAP    
7.03 Property   Markel     100.0% 6/30/2018 NAP NAP Markel Corporation 167,666 9/30/2030 NAP     NAP    
7.04 Property   Dedicated Logistics     100.0% 6/30/2018 NAP NAP Dedicated Logistics 355,185 10/31/2032 NAP     NAP    
7.05 Property   Wilbert     100.0% 6/30/2018 NAP NAP Wilbert Plastic Services, Inc. 296,876 12/31/2026 NAP     NAP    
7.06 Property   Matandy Steel     100.0% 6/30/2018 NAP NAP Matandy Steel & Metal Products 174,170 12/31/2032 NAP     NAP    
7.07 Property   Landmark Plastics     100.0% 6/30/2018 NAP NAP Landmark Plastic Corporation 212,000 4/30/2023 NAP     NAP    
7.08 Property   Rohrer Corporation (OH)     100.0% 6/30/2018 NAP NAP Rohrer Corporation 169,000 12/31/2025 NAP     NAP    
7.09 Property   Rohrer Corporation (IL)     100.0% 6/30/2018 NAP NAP Rohrer Corporation 90,000 12/31/2025 NAP     NAP    
7.10 Property   Rohrer Corporation (GA)     100.0% 6/30/2018 NAP NAP Rohrer Corporation 117,215 12/31/2025 NAP     NAP    
7.11 Property   AAP Metals     100.0% 6/30/2018 NAP NAP AAP Metals 97,927 5/31/2035 NAP     NAP    
8 Loan 9, 14 Quality RV Resorts 59.7% 54.9% 86.3%   NAP NAP                  
8.01 Property   Quality RV Resorts Lakeview     93.3% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.02 Property   Quality RV Resorts Brazoria     91.0% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.03 Property   Quality RV Resorts Highway Six     85.3% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.04 Property   Quality RV Resorts Mont Belvieu     69.1% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.05 Property   Quality RV Resorts Greenlake     87.4% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.06 Property   Quality RV Resorts Fallbrook     87.6% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.07 Property   Quality RV Resorts Southlake     89.3% 2/7/2018 NAP NAP NAP     NAP     NAP    
8.08 Property   Quality RV Resorts Allstar     88.7% 2/7/2018 NAP NAP NAP     NAP     NAP    
9 Loan   Thorncreek Crossing 71.8% 63.0% 100.0% 3/1/2018 NAP NAP Sprouts Farmers Market 31,303 10/31/2020 Barnes & Noble 24,323 1/31/2020 Michaels 24,069 3/31/2022
10 Loan   SanTan Village Marketplace 63.4% 63.4% 98.6% 5/9/2018 NAP NAP Jo-Ann Fabrics 35,000 1/31/2026 Big Lots 34,182 1/31/2021 Bed Bath & Beyond 32,883 1/31/2021
11 Loan 9, 12, 16, 17 Marina Heights State Farm 58.3% 56.6% 99.5% 12/7/2017 NAP NAP State Farm (Building B) 575,639 12/31/2042 State Farm (Building E) 426,902 12/31/2032 State Farm (Building D) 370,332 12/31/2035
12 Loan   Dolwick Business Center 71.1% 58.1% 100.0% 4/10/2018 NAP NAP St. Elizabeth Healthcare 133,077 5/31/2033 Toyota Boshoku America 52,975 12/31/2023 Gap 39,731 9/30/2022
13 Loan 12, 18 5500 Hellyer Avenue 71.5% 58.3% 100.0% 5/30/2018 NAP NAP Benchmark 78,794 8/31/2025 Genista 63,897 6/30/2028 Snap On 53,843 12/31/2022
14 Loan   Spring Hill Logistics Center 62.9% 62.9% 100.0% 5/22/2018 NAP NAP Comprehensive Logistics 258,720 2/28/2021 Magna Seating of America 122,500 8/31/2022 Tenneco Automotive 117,180 11/30/2023
15 Loan 12, 19, 20 3300 East 1st Avenue 64.4% 61.9% 84.8% 1/1/2018 NAP NAP TruFit 26,574 3/31/2033 Dr. Rossow 5,508 3/31/2025 Aesthetic Surgery 5,097 10/31/2023
16 Loan 21 The Commons 70.5% 60.3% 100.0% 6/20/2018 NAP NAP Total Wine & More 29,118 1/31/2027 DSW 24,000 1/31/2022 PetSmart 22,599 8/31/2020
17 Loan   Market at Crenshaw 73.4% 60.5% 100.0% 6/22/2018 NAP NAP Burlington 55,000 2/28/2026 Party City 18,000 1/31/2026 Tuesday Morning 12,000 1/31/2026
18 Loan 9, 14 Davenport Commons 68.6% 63.4% 98.8% 5/1/2018 NAP NAP Walmart 219,622 10/29/2022 Dick’s Sporting Goods 105,000 1/31/2033 Hobby Lobby 55,000 8/31/2032
19 Loan 12, 22, 23, 24 Athens Townhomes 62.8% 53.5% 98.5% 6/1/2018 NAP NAP NAP     NAP     NAP    
20 Loan   Naples Plaza 63.5% 63.5% 97.7% 2/1/2018 NAP NAP Northgate Gonzalez Market 57,600 6/30/2031 Shoes 4 Less 4,736 3/31/2021 Rent-A-Center 4,696 1/31/2019
21 Loan 12, 25 Center at Pearland II 63.7% 62.9% 96.3% 5/1/2018 NAP NAP Academy Sports 63,079 2/29/2032 Carter’s 5,000 3/31/2027 First Watch 3,746 7/31/2027
22 Loan 12, 26 Holiday Inn Express Toledo West 69.8% 52.1% 79.7% 2/28/2018 115.55 92.07 NAP     NAP     NAP    
23 Loan   Arbor Plaza 70.0% 64.5% 98.6% 3/1/2018 NAP NAP College America 13,136 7/31/2019 Firestone (GL) 10,000 4/30/2027 Fazoli’s (GL) 4,320 4/1/2021
24 Loan 9, 12, 27 Two Democracy 37.8% 30.1% 86.3% 3/31/2018 NAP NAP GSA/NIH 229,324 7/19/2022 Congressional Bank 3,781 12/31/2018 Corstone Corp. 2,256 5/31/2019
25 Loan 28, 29 Capital Complex 68.7% 57.0% 99.1% 5/1/2018 NAP NAP Attorney General 46,620 6/30/2021 Council on Postsecondary Education 35,694 6/30/2022 Department of Financial Institutions 24,528 6/30/2024
26 Loan   Cabela’s Farmington 50.0% 50.0% 100.0% 6/30/2018 NAP NAP Cabela’s 68,885 4/30/2042 NAP     NAP    
27 Loan 12, 30, 31 Courtyard Bentonville 68.0% 55.5% 63.5% 4/30/2018 139.97 88.83 NAP     NAP     NAP    
28 Loan   20151 Nordhoff Street 48.8% 39.7% 100.0% 6/30/2018 NAP NAP County of Los Angeles 73,595 1/13/2026 NAP     NAP    
29 Loan   Shallowford Exchange 70.2% 58.0% 100.0% 5/1/2018 NAP NAP Publix 27,888 1/31/2022 Marco’s Pizza 1,800 4/15/2022 Tropical Smoothies Café 1,272 4/30/2028
30 Loan   Roundhouse Campus 64.9% 59.6% 100.0% 5/22/2018 NAP NAP Administrative Office of the Courts 11,180 5/31/2027 PC Construction Company 7,500 6/30/2026 HealthInfoNet 7,464 10/10/2018
31 Loan   Shops at Spring Village 64.2% 59.2% 100.0% 4/25/2018 NAP NAP KSF Orthopaedic 2,920 3/1/2025 Serenity Dental 2,800 1/26/2028 Shoku Asian Restaurant 2,400 3/1/2028
32 Loan   Moses Lake Town Center 62.0% 62.0% 100.0% 5/22/2018 NAP NAP Ross Dress For Less 24,987 1/31/2024 Petco 12,574 5/31/2023 Famous Footwear 5,998 3/31/2023
33 Loan   Dallas Commons 75.0% 64.6% 95.5% 4/1/2018 NAP NAP La Cocina 4,576 12/31/2020 Dallas Dental 2,110 3/31/2023 Subway 1,600 11/30/2025

 

A-1-6

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Fourth Largest Tenant Fourth Largest Tenant Sq Ft Fourth Largest Tenant Lease Expiration (6) Fifth Largest Tenant Fifth Largest Tenant Sq Ft Fifth Largest Tenant Lease Expiration (6) Environmental Phase I Report Date Environmental Phase II Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Earthquake Insurance Required Upfront RE Tax Reserve ($) Ongoing RE Tax Reserve ($) Upfront Insurance Reserve ($) Ongoing Insurance Reserve ($)
1 Loan 8, 9 GSK North American HQ NAP     NAP     3/12/2018 No NAP 3/14/2018 NAP NAP No 0 0 0 0
2 Loan 10, 11, 12 1000 Wilshire Frandzel Robins 24,240 3/31/2023 Starr Indemnity & Liability 23,648 4/30/2025 12/19/2017 No NAP 12/19/2017 12/18/2017 10% No 0 0 0 0
3 Loan   Aliso Creek Apartments NAP     NAP     2/28/2018 No NAP 2/28/2018 2/27/2018 7% No 58,053 58,053 0 0
4 Loan   Commonwealth Centre NAP     NAP     3/8/2018 No NAP 3/8/2018 NAP NAP No 0 0 0 0
5 Loan 13 MOA Hotel Leased Fee Portfolio                         No 0 0 3,315 0
5.01 Property   Radisson Blu at Mall of America - Ground Lease NAP     NAP     4/30/2018 No NAP NAP NAP NAP No        
5.02 Property   JW Marriott at Mall of America - Ground Lease NAP     NAP     4/30/2018 No NAP NAP NAP NAP No        
6 Loan 9, 14 FXI Portfolio                         No 0 0 0 0
6.01 Property   FXI Portland OR NAP     NAP     3/22/2018 No NAP 3/23/2018 3/22/2018 6% No        
6.02 Property   FXI Auburn IN NAP     NAP     3/22/2018 No NAP 3/23/2018 NAP NAP No        
6.03 Property   FXI Santa Teresa NM NAP     NAP     3/21/2018 No NAP 3/23/2018 NAP NAP No        
6.04 Property   FXI Verona MS NAP     NAP     5/22/2018 No NAP 5/22/2018 NAP NAP No        
6.05 Property   FXI Corry PA NAP     NAP     3/23/2018 No NAP 3/23/2018 NAP NAP No        
6.06 Property   FXI Fort Wayne IN NAP     NAP     3/22/2018 No NAP 3/23/2018 NAP NAP No        
6.07 Property   FXI Cuautitlan MX NAP     NAP     3/28/2018 No NAP 3/28/2018 3/26/2018 6% No        
7 Loan 9, 15 U.S. Industrial Portfolio                         No 0 0 0 0
7.01 Property   DialogDirect NAP     NAP     1/25/2018 No NAP 1/25/2018 NAP NAP No        
7.02 Property   JIT Packaging NAP     NAP     1/29/2018 No NAP 1/25/2018 NAP NAP No        
7.03 Property   Markel NAP     NAP     1/30/2018 No NAP 1/25/2018 NAP NAP No        
7.04 Property   Dedicated Logistics NAP     NAP     1/25/2018 No NAP 1/25/2018 NAP NAP No        
7.05 Property   Wilbert NAP     NAP     1/30/2018 No NAP 1/30/2018 NAP NAP No        
7.06 Property   Matandy Steel NAP     NAP     1/30/2018 No NAP 1/29/2018 NAP NAP No        
7.07 Property   Landmark Plastics NAP     NAP     1/29/2018 No NAP 1/29/2018 NAP NAP No        
7.08 Property   Rohrer Corporation (OH) NAP     NAP     1/29/2018 No NAP 1/29/2018 NAP NAP No        
7.09 Property   Rohrer Corporation (IL) NAP     NAP     1/25/2018 No NAP 1/25/2018 NAP NAP No        
7.10 Property   Rohrer Corporation (GA) NAP     NAP     1/29/2018 No NAP 1/25/2018 NAP NAP No        
7.11 Property   AAP Metals NAP     NAP     1/26/2018 No NAP 1/25/2018 NAP NAP No        
8 Loan 9, 14 Quality RV Resorts                         No 392,917 56,131 0 0
8.01 Property   Quality RV Resorts Lakeview NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.02 Property   Quality RV Resorts Brazoria NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.03 Property   Quality RV Resorts Highway Six NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.04 Property   Quality RV Resorts Mont Belvieu NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.05 Property   Quality RV Resorts Greenlake NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.06 Property   Quality RV Resorts Fallbrook NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.07 Property   Quality RV Resorts Southlake NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
8.08 Property   Quality RV Resorts Allstar NAP     NAP     3/13/2018 No NAP 3/9/2018 NAP NAP No        
9 Loan   Thorncreek Crossing OfficeMax 20,064 1/31/2022 Cost Plus World Market 16,774 1/31/2021 12/2/2017 No NAP 3/5/2018 NAP NAP No 0 0 0 0
10 Loan   SanTan Village Marketplace Marshalls 32,094 8/31/2020 DSW 30,000 7/31/2025 3/26/2018 No NAP 3/29/2018 NAP NAP No 144,505 48,168 0 0
11 Loan 9, 12, 16, 17 Marina Heights State Farm State Farm (Building A) 347,851 12/31/2037 State Farm (Building C) 245,370 12/31/2039 11/28/2017 No NAP 11/21/2017 NAP NAP No 0 0 0 0
12 Loan   Dolwick Business Center NAP     NAP     4/11/2018 No NAP 4/11/2018 NAP NAP No 78,707 13,118 0 0
13 Loan 12, 18 5500 Hellyer Avenue NAP     NAP     5/8/2018 No NAP 5/4/2018 5/8/2018 12% No 130,775 43,592 4,942 4,942
14 Loan   Spring Hill Logistics Center NAP     NAP     5/14/2018 No NAP 5/8/2018 NAP NAP No 0 0 0 0
15 Loan 12, 19, 20 3300 East 1st Avenue Kohler 4,412 12/31/2026 Michael Dewitt 4,291 5/31/2027 5/1/2018 No NAP 5/9/2018 NAP NAP No 0 0 0 0
16 Loan 21 The Commons Guitar Center 12,250 9/30/2021 5.11 Tactical 10,000 12/31/2028 5/29/2018 No NAP 5/29/2018 5/25/2018 12% No 84,882 16,976 0 0
17 Loan   Market at Crenshaw Xfinity 4,000 4/30/2023 Mattress One 4,000 4/30/2021 5/18/2018 No NAP 5/16/2018 NAP NAP No 228,578 32,654 14,807 7,403
18 Loan 9, 14 Davenport Commons Dollar Tree 9,000 1/31/2020 Cato 3,936 1/31/2019 6/5/2018 No NAP 6/1/2018 NAP NAP No 0 0 0 0
19 Loan 12, 22, 23, 24 Athens Townhomes NAP     NAP     4/3/2018 No NAP 4/3/2018 NAP NAP No 20,195 20,195 5,526 2,763
20 Loan   Naples Plaza Tenango Holdings, LLC 3,443 8/31/2020 Diva Nails 2,574 12/31/2021 3/15/2018 No NAP 3/14/2018 3/13/2018 7% No 40,922 20,461 0 0
21 Loan 12, 25 Center at Pearland II MidiCi 3,500 6/30/2027 Bath and Body Works 3,025 1/31/2028 3/27/2018 No NAP 3/27/2018 NAP NAP No 0 0 0 0
22 Loan 12, 26 Holiday Inn Express Toledo West NAP     NAP     3/20/2018 No NAP 3/21/2018 NAP NAP No 115,846 19,887 6,322 1,104
23 Loan   Arbor Plaza Sola Salon 4,165 6/30/2021 Panda Express (GL) 3,761 7/31/2026 11/16/2017 Yes 12/11/2017 3/1/2018 NAP NAP No 0 0 0 0
24 Loan 9, 12, 27 Two Democracy Center for Advanced Orthopedics 2,159 9/30/2018 NAP     1/11/2018 No NAP 12/15/2017 NAP NAP No 383,084 63,847 0 0
25 Loan 28, 29 Capital Complex Department of Local Government 22,500 6/30/2022 Department of Juvenile Justice 19,137 6/30/2020 11/27/2017 No NAP 11/21/2017 NAP NAP No 43,146 5,393 0 0
26 Loan   Cabela’s Farmington NAP     NAP     4/2/2018 No NAP 4/4/2018 4/4/2018 10% No 0 0 0 0
27 Loan 12, 30, 31 Courtyard Bentonville NAP     NAP     3/27/2018 No NAP 3/27/2018 NAP NAP No 68,231 7,581 0 0
28 Loan   20151 Nordhoff Street NAP     NAP     1/22/2018 No NAP 1/22/2018 1/22/2018 16% No 78,623 0 0 0
29 Loan   Shallowford Exchange Nail Frame 1,200 3/31/2022 American Deli 1,200 6/1/2021 4/23/2018 No NAP 4/17/2018 NAP NAP No 84,083 10,510 0 0
30 Loan   Roundhouse Campus Maine Bureau of Motor Vehicles 7,319 7/31/2028 Southern Maine Children’s Academy 5,726 8/31/2022 4/11/2018 No NAP 4/11/2018 NAP NAP No 28,740 7,185 0 0
31 Loan   Shops at Spring Village JK Nails 2,400 2/23/2028 Dunkin Donuts 2,200 1/31/2028 3/28/2018 No NAP 3/29/2018 NAP NAP No 28,994 5,799 14,532 1,211
32 Loan   Moses Lake Town Center Sumo Express 5,067 4/30/2021 Mattress Firm 4,811 12/31/2025 4/24/2018 No NAP 4/26/2018 NAP NAP No 27,029 6,757 0 0
33 Loan   Dallas Commons Classic Nails 1,500 11/30/2023 Panda Garden 1,500 12/31/2022 5/11/2018 No NAP 5/10/2018 NAP NAP No 25,400 3,175 0 0

 

A-1-7

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Upfront Replacement Reserve ($) Ongoing Replacement Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Ongoing TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Ongoing Debt Service Reserve ($) Upfront Deferred Maintenance Reserve ($) Ongoing Deferred Maintenance Reserve ($) Upfront Environmental Reserve ($) Ongoing Environmental Reserve ($) Upfront Other Reserve ($) Ongoing Other Reserve ($)
1 Loan 8, 9 GSK North American HQ 0 0 0 0 0 0 0 0 0 0 0 0 0 0
2 Loan 10, 11, 12 1000 Wilshire 0 0 0 3,000,000 0 1,000,000 0 0 0 0 0 0 3,453,871 0
3 Loan   Aliso Creek Apartments 0 11,623 0 0 0 0 0 0 0 0 0 0 0 0
4 Loan   Commonwealth Centre 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 Loan 13 MOA Hotel Leased Fee Portfolio 0 0 0 0 0 0 0 0 0 0 0 0 136,520 0
5.01 Property   Radisson Blu at Mall of America - Ground Lease                            
5.02 Property   JW Marriott at Mall of America - Ground Lease                            
6 Loan 9, 14 FXI Portfolio 0 0 635,502 0 0 3,177,512 0 0 413,203 0 0 0 0 0
6.01 Property   FXI Portland OR                            
6.02 Property   FXI Auburn IN                            
6.03 Property   FXI Santa Teresa NM                            
6.04 Property   FXI Verona MS                            
6.05 Property   FXI Corry PA                            
6.06 Property   FXI Fort Wayne IN                            
6.07 Property   FXI Cuautitlan MX                            
7 Loan 9, 15 U.S. Industrial Portfolio 0 0 540,238 0 0 2,025,894 0 0 0 0 0 0 361,809 0
7.01 Property   DialogDirect                            
7.02 Property   JIT Packaging                            
7.03 Property   Markel                            
7.04 Property   Dedicated Logistics                            
7.05 Property   Wilbert                            
7.06 Property   Matandy Steel                            
7.07 Property   Landmark Plastics                            
7.08 Property   Rohrer Corporation (OH)                            
7.09 Property   Rohrer Corporation (IL)                            
7.10 Property   Rohrer Corporation (GA)                            
7.11 Property   AAP Metals                            
8 Loan 9, 14 Quality RV Resorts 0 3,481 125,325 0 0 0 0 0 550 0 0 0 0 0
8.01 Property   Quality RV Resorts Lakeview                            
8.02 Property   Quality RV Resorts Brazoria                            
8.03 Property   Quality RV Resorts Highway Six                            
8.04 Property   Quality RV Resorts Mont Belvieu                            
8.05 Property   Quality RV Resorts Greenlake                            
8.06 Property   Quality RV Resorts Fallbrook                            
8.07 Property   Quality RV Resorts Southlake                            
8.08 Property   Quality RV Resorts Allstar                            
9 Loan   Thorncreek Crossing 0 0 0 0 0 600,000 0 0 0 0 0 0 0 0
10 Loan   SanTan Village Marketplace 0 4,522 217,042 0 0 428,000 0 0 0 0 0 0 0 0
11 Loan 9, 12, 16, 17 Marina Heights State Farm 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Loan   Dolwick Business Center 0 2,822 200,000 0 18,815 750,000 0 0 0 0 0 0 1,399,560 0
13 Loan 12, 18 5500 Hellyer Avenue 0 3,276 78,614 0 0 0 0 0 0 0 0 0 3,796,302 0
14 Loan   Spring Hill Logistics Center 0 4,153 200,000 0 20,833 750,000 0 0 0 0 0 0 27,500 0
15 Loan 12, 19, 20 3300 East 1st Avenue 0 0 19,554 500,000 0 97,770 0 0 0 0 0 0 198,034 0
16 Loan 21 The Commons 0 2,471 0 500,000 0 500,000 0 0 0 0 0 0 173,821 0
17 Loan   Market at Crenshaw 0 878 0 0 8,333 700,000 0 0 0 0 0 0 0 0
18 Loan 9, 14 Davenport Commons 0 0 0 0 0 600,000 0 0 0 0 0 0 0 0
19 Loan 12, 22, 23, 24 Athens Townhomes 0 3,104 0 0 0 0 0 0 0 0 0 0 1,925,000 0
20 Loan   Naples Plaza 0 1,061 35,004 0 1,704 61,344 0 0 0 0 0 0 0 0
21 Loan 12, 25 Center at Pearland II 0 0 0 120,000 0 120,000 0 0 0 0 0 0 65,422 0
22 Loan 12, 26 Holiday Inn Express Toledo West 0 6,033 0 0 0 0 0 0 0 0 0 0 0 0
23 Loan   Arbor Plaza 0 0 0 0 0 350,000 0 0 0 0 0 0 0 0
24 Loan 9, 12, 27 Two Democracy 0 5,732 0 0 45,856 0 0 0 0 0 0 0 143,760 71,880
25 Loan 28, 29 Capital Complex 0 2,946 36,000 715,000 0 300,000 0 0 0 0 0 0 0 0
26 Loan   Cabela’s Farmington 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Loan 12, 30, 31 Courtyard Bentonville 0 10,247 0 0 0 0 0 0 0 0 0 0 2,535,000 0
28 Loan   20151 Nordhoff Street 0 1,533 0 0 6,133 300,000 0 0 0 0 0 0 0 0
29 Loan   Shallowford Exchange 0 579 0 0 6,250 225,000 0 0 11,875 0 10,000 0 0 0
30 Loan   Roundhouse Campus 0 1,486 0 0 5,505 330,290 0 0 0 0 0 0 0 0
31 Loan   Shops at Spring Village 0 349 20,938 150,000 1,745 200,000 0 0 0 0 0 0 325,154 0
32 Loan   Moses Lake Town Center 0 0 0 0 0 87,113 0 0 0 0 0 0 0 0
33 Loan   Dallas Commons 0 419 15,095 75,000 2,500 90,000 0 0 0 0 0 0 0 0

 

A-1-8

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Other Reserve Description Borrower Name
1 Loan 8, 9 GSK North American HQ   KIM Five Crescent Drive LLC
2 Loan 10, 11, 12 1000 Wilshire Unfunded Obligations Reserve CRE 1000 Wilshire, LLC
3 Loan   Aliso Creek Apartments   Aliso Creek Apartment Partners, LLC
4 Loan   Commonwealth Centre   Commonwealth Owner LLC
5 Loan 13 MOA Hotel Leased Fee Portfolio Gap Rent Reserve North Pad Hotel, LLC and South Pad Hotel, LLC
5.01 Property   Radisson Blu at Mall of America - Ground Lease    
5.02 Property   JW Marriott at Mall of America - Ground Lease    
6 Loan 9, 14 FXI Portfolio   NM FX, L.L.C. and NM FX Mexico, S. de R.L. de C.V.
6.01 Property   FXI Portland OR    
6.02 Property   FXI Auburn IN    
6.03 Property   FXI Santa Teresa NM    
6.04 Property   FXI Verona MS    
6.05 Property   FXI Corry PA    
6.06 Property   FXI Fort Wayne IN    
6.07 Property   FXI Cuautitlan MX    
7 Loan 9, 15 U.S. Industrial Portfolio Unfunded Obligations Reserve SC USIP Property Company, LLC
7.01 Property   DialogDirect    
7.02 Property   JIT Packaging    
7.03 Property   Markel    
7.04 Property   Dedicated Logistics    
7.05 Property   Wilbert    
7.06 Property   Matandy Steel    
7.07 Property   Landmark Plastics    
7.08 Property   Rohrer Corporation (OH)    
7.09 Property   Rohrer Corporation (IL)    
7.10 Property   Rohrer Corporation (GA)    
7.11 Property   AAP Metals    
8 Loan 9, 14 Quality RV Resorts   QRV Allstar, LLC, QRV Mont Belvieu, LLC, QRV Brazoria, LLC, QRV Fallbrook, LLC, QRV Greenlake, LLC, QRV Hwy 6, LLC, QRV Lakeview, LLC and QRV Southlake, LLC
8.01 Property   Quality RV Resorts Lakeview    
8.02 Property   Quality RV Resorts Brazoria    
8.03 Property   Quality RV Resorts Highway Six    
8.04 Property   Quality RV Resorts Mont Belvieu    
8.05 Property   Quality RV Resorts Greenlake    
8.06 Property   Quality RV Resorts Fallbrook    
8.07 Property   Quality RV Resorts Southlake    
8.08 Property   Quality RV Resorts Allstar    
9 Loan   Thorncreek Crossing   GKT Thorncreek Plaza, L.L.C.
10 Loan   SanTan Village Marketplace   SanTan MP LP
11 Loan 9, 12, 16, 17 Marina Heights State Farm   Corporate Properties Tempe SPE, L.L.C.
12 Loan   Dolwick Business Center Saint Elizabeth TI/LC Reserve ($1,142,115), Saint Elizabeth Rent Reserve ($157,763.84), Toyota Boshoku Rent Reserve ($99,681) Dolwick Business Center, LLC
13 Loan 12, 18 5500 Hellyer Avenue Genista TI/LC Reserve ($2,236,395), Genista Rent Reserve ($1,125,462), Benchmark TI/LC Reserve ($354,573), Genista Gap Rent Reserve ($79,872) Willyo Properties LP
14 Loan   Spring Hill Logistics Center Comprehensive Logistics Reserve Spring Hill Beechcroft Road I LLC and Spring Hill Beechcroft Road II LLC
15 Loan 12, 19, 20 3300 East 1st Avenue Unfunded Obligations Reserve GRE 3300 East 1st Avenue Owner, LLC
16 Loan 21 The Commons Unfunded Obligations Reserve The Commons Reno, LLC
17 Loan   Market at Crenshaw   Crenshaw Entrepreneurs, LLC
18 Loan 9, 14 Davenport Commons   THF Davenport North Development, L.L.C.
19 Loan 12, 22, 23, 24 Athens Townhomes Earnout Reserve ($1,750,000), Yield Maintenance Earnout Amount ($175,000) PG Athens Apartments II, LLC
20 Loan   Naples Plaza   Milan SoCal III, LLC and Pelican Investments Naples LLC
21 Loan 12, 25 Center at Pearland II Unfunded Obligations Reserve Pearland Dunhill 2 LLC
22 Loan 12, 26 Holiday Inn Express Toledo West   Westgate Lodging LLC
23 Loan   Arbor Plaza   GKT Arbor Plaza, L.L.C.
24 Loan 9, 12, 27 Two Democracy Ground Rent Reserve Second Rock Spring Park Limited Partnership
25 Loan 28, 29 Capital Complex   Rainier Capital Complex Acquisitions, LLC
26 Loan   Cabela’s Farmington   SN Farmington LLC
27 Loan 12, 30, 31 Courtyard Bentonville PIP Reserve NWA Hotel Opportunity, LLC
28 Loan   20151 Nordhoff Street   F&KAC, LLC
29 Loan   Shallowford Exchange   Shallowford LLC
30 Loan   Roundhouse Campus   125 Presumpscot SPE LLC and Presumpscot-Portland Investors LLC
31 Loan   Shops at Spring Village Unfunded Obligations Reserve WSS Retail-Shops at Spring Village, LLC
32 Loan   Moses Lake Town Center   RI - Moses Lake, LLC and RI - Moses Lake II, LLC
33 Loan   Dallas Commons   Dallas Commons, LLC

 

A-1-9

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Delaware Statutory Trust? Carve-out Guarantor Loan Purpose Loan Amount (sources) Principal’s New Cash Contribution (7) Subordinate Debt
1 Loan 8, 9 GSK North American HQ No None Acquisition 85,150,000 45,887,832 0
2 Loan 10, 11, 12 1000 Wilshire No Cerberus Institutional Real Estate Partners IV, L.P. Acquisition 65,250,000 55,910,594 82,750,000
3 Loan   Aliso Creek Apartments No Geoffrey L. Stack, Geoffrey L. Stack, as Trustee of the Stack Revocable Trust Dated July 30, 2009 and Anthony Rossi, Sr. Refinance 63,000,000 458,722 78,500,000
4 Loan   Commonwealth Centre No None Acquisition 49,000,000 49,225,554 0
5 Loan 13 MOA Hotel Leased Fee Portfolio No 7 Crowns Corporation Refinance 43,336,000 208,076 0
5.01 Property   Radisson Blu at Mall of America - Ground Lease            
5.02 Property   JW Marriott at Mall of America - Ground Lease            
6 Loan 9, 14 FXI Portfolio No New Mountain Net Lease Corporation and New Mountain Net Lease Partners Corporation Acquisition 71,560,000 39,151,268 0
6.01 Property   FXI Portland OR            
6.02 Property   FXI Auburn IN            
6.03 Property   FXI Santa Teresa NM            
6.04 Property   FXI Verona MS            
6.05 Property   FXI Corry PA            
6.06 Property   FXI Fort Wayne IN            
6.07 Property   FXI Cuautitlan MX            
7 Loan 9, 15 U.S. Industrial Portfolio No Michael W. Brennan, Robert G. Vanecko, Scott D. McKibben, Samuel A. Mandarino, Eduardo Paneque, Brad O’Halloran, Allen Crosswell, Troy MacMane and Greenwood Holding Company, LLC Acquisition 105,800,000 51,970,241 0
7.01 Property   DialogDirect            
7.02 Property   JIT Packaging            
7.03 Property   Markel            
7.04 Property   Dedicated Logistics            
7.05 Property   Wilbert            
7.06 Property   Matandy Steel            
7.07 Property   Landmark Plastics            
7.08 Property   Rohrer Corporation (OH)            
7.09 Property   Rohrer Corporation (IL)            
7.10 Property   Rohrer Corporation (GA)            
7.11 Property   AAP Metals            
8 Loan 9, 14 Quality RV Resorts No Stonetown 5, LLLP Acquisition 61,210,000 34,274,228 0
8.01 Property   Quality RV Resorts Lakeview            
8.02 Property   Quality RV Resorts Brazoria            
8.03 Property   Quality RV Resorts Highway Six            
8.04 Property   Quality RV Resorts Mont Belvieu            
8.05 Property   Quality RV Resorts Greenlake            
8.06 Property   Quality RV Resorts Fallbrook            
8.07 Property   Quality RV Resorts Southlake            
8.08 Property   Quality RV Resorts Allstar            
9 Loan   Thorncreek Crossing No E. Stanley Kroenke and James N. Gordon Acquisition 33,750,000 11,514,952 0
10 Loan   SanTan Village Marketplace No Richard A. Margolis and Phillip A. Duke Acquisition 33,475,000 18,994,750 0
11 Loan 9, 12, 16, 17 Marina Heights State Farm No None Acquisition 560,000,000 375,736,548 0
12 Loan   Dolwick Business Center No Corporex Companies, LLC Refinance 26,000,000 0 0
13 Loan 12, 18 5500 Hellyer Avenue No Jason A. Hammerman Acquisition 25,590,000 14,090,565 0
14 Loan   Spring Hill Logistics Center No Legacy Properties Group, Inc. Acquisition 25,000,000 14,125,059 0
15 Loan 12, 19, 20 3300 East 1st Avenue No GEM Realty Evergreen Fund, L.P. Acquisition 24,400,000 14,029,028 0
16 Loan 21 The Commons No Kamyar Mateen and Tyler Mateen Acquisition 21,500,000 8,502,494 0
17 Loan   Market at Crenshaw No Nadyrshah “Nick” Dhanani Acquisition 17,250,000 6,176,352 0
18 Loan 9, 14 Davenport Commons No E. Stanley Kroenke Refinance 35,000,000 0 0
19 Loan 12, 22, 23, 24 Athens Townhomes No Paul Grammas Refinance 14,700,000 0 0
20 Loan   Naples Plaza No Claus Dieckell and Chuck Le Refinance 12,700,000 0 0
21 Loan 12, 25 Center at Pearland II No William L. Hutchinson Acquisition 12,400,000 7,401,126 0
22 Loan 12, 26 Holiday Inn Express Toledo West No Saad Roumaya, Jonathan Roumaya, Jabbar Yousif and Martin Yousif Refinance 11,620,000 0 0
23 Loan   Arbor Plaza No E. Stanley Kroenke Acquisition 10,850,000 4,763,885 0
24 Loan 9, 12, 27 Two Democracy No Second Rock Spring Park, LLC Refinance 25,000,000 6,941,870 0
25 Loan 28, 29 Capital Complex No J. Kenneth Dunn Acquisition 9,687,000 4,316,069 0
26 Loan   Cabela’s Farmington No Security National Financial Corporation Acquisition 9,200,000 9,394,266 0
27 Loan 12, 30, 31 Courtyard Bentonville No J & S Hardin Holdings, LP, Delton Smith and William Harrison Smith Acquisition 9,200,000 4,536,985 0
28 Loan   20151 Nordhoff Street No Albert Moradi Acquisition 9,000,000 9,387,780 0
29 Loan   Shallowford Exchange No Altaf Lal Acquisition 9,000,000 3,659,406 0
30 Loan   Roundhouse Campus No William M. Bennett Acquisition 7,524,000 4,127,041 0
31 Loan   Shops at Spring Village No Anderson G. Smith Refinance 7,150,000 0 0
32 Loan   Moses Lake Town Center No Read Seven, LLC Refinance 6,700,000 0 0
33 Loan   Dallas Commons No Ernest W. Livingston, Jr. Acquisition 6,150,000 2,189,638 0

 

A-1-10

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Other Sources Total Sources Loan Payoff Purchase Price Closing Costs Reserves Principal Equity Distribution Other Uses Total Uses Lockbox Cash Management
1 Loan 8, 9 GSK North American HQ 0 131,037,832 0 130,500,000 537,832 0 0 0 131,037,832 Hard Springing
2 Loan 10, 11, 12 1000 Wilshire 0 203,910,594 0 196,000,000 1,456,723 6,453,871 0 0 203,910,594 Hard Springing
3 Loan   Aliso Creek Apartments 0 141,958,722 115,484,432 0 1,425,199 58,053 0 24,991,038 141,958,722 Soft In Place
4 Loan   Commonwealth Centre 0 98,225,554 0 97,750,000 475,554 0 0 0 98,225,554 Hard Springing
5 Loan 13 MOA Hotel Leased Fee Portfolio 0 43,544,076 42,669,204 0 735,036 139,835 0 0 43,544,076 Hard Springing
5.01 Property   Radisson Blu at Mall of America - Ground Lease                      
5.02 Property   JW Marriott at Mall of America - Ground Lease                      
6 Loan 9, 14 FXI Portfolio 0 110,711,268 0 109,500,000 798,065 413,203 0 0 110,711,268 Hard Springing
6.01 Property   FXI Portland OR                      
6.02 Property   FXI Auburn IN                      
6.03 Property   FXI Santa Teresa NM                      
6.04 Property   FXI Verona MS                      
6.05 Property   FXI Corry PA                      
6.06 Property   FXI Fort Wayne IN                      
6.07 Property   FXI Cuautitlan MX                      
7 Loan 9, 15 U.S. Industrial Portfolio 0 157,770,241 0 156,682,543 725,889 361,809 0 0 157,770,241 Hard Springing
7.01 Property   DialogDirect                      
7.02 Property   JIT Packaging                      
7.03 Property   Markel                      
7.04 Property   Dedicated Logistics                      
7.05 Property   Wilbert                      
7.06 Property   Matandy Steel                      
7.07 Property   Landmark Plastics                      
7.08 Property   Rohrer Corporation (OH)                      
7.09 Property   Rohrer Corporation (IL)                      
7.10 Property   Rohrer Corporation (GA)                      
7.11 Property   AAP Metals                      
8 Loan 9, 14 Quality RV Resorts 0 95,484,228 0 94,261,538 829,223 393,467 0 0 95,484,228 Springing Springing
8.01 Property   Quality RV Resorts Lakeview                      
8.02 Property   Quality RV Resorts Brazoria                      
8.03 Property   Quality RV Resorts Highway Six                      
8.04 Property   Quality RV Resorts Mont Belvieu                      
8.05 Property   Quality RV Resorts Greenlake                      
8.06 Property   Quality RV Resorts Fallbrook                      
8.07 Property   Quality RV Resorts Southlake                      
8.08 Property   Quality RV Resorts Allstar                      
9 Loan   Thorncreek Crossing 0 45,264,952 0 45,000,000 264,952 0 0 0 45,264,952 Springing Springing
10 Loan   SanTan Village Marketplace 0 52,469,750 0 51,500,000 825,245 144,505 0 0 52,469,750 Springing Springing
11 Loan 9, 12, 16, 17 Marina Heights State Farm 22,500,000 958,236,548 0 930,000,000 5,736,548 0 0 22,500,000 958,236,548 Hard Springing
12 Loan   Dolwick Business Center 0 26,000,000 15,288,651 0 318,540 1,478,267 8,914,543 0 26,000,000 Springing Springing
13 Loan 12, 18 5500 Hellyer Avenue 0 39,680,565 0 35,300,000 448,545 3,932,020 0 0 39,680,565 Springing Springing
14 Loan   Spring Hill Logistics Center 0 39,125,059 0 39,000,000 97,559 27,500 0 0 39,125,059 Springing Springing
15 Loan 12, 19, 20 3300 East 1st Avenue 0 38,429,028 0 37,550,000 180,994 698,034 0 0 38,429,028 Hard Springing
16 Loan 21 The Commons 0 30,002,494 0 28,900,000 343,790 758,703 0 0 30,002,494 Hard Springing
17 Loan   Market at Crenshaw 0 23,426,352 0 23,000,000 182,967 243,385 0 0 23,426,352 Springing Springing
18 Loan 9, 14 Davenport Commons 0 35,000,000 15,370,028 0 309,612 0 19,320,360 0 35,000,000 Springing Springing
19 Loan 12, 22, 23, 24 Athens Townhomes 0 14,700,000 8,837,090 0 370,139 1,950,721 3,542,051 0 14,700,000 None None
20 Loan   Naples Plaza 0 12,700,000 12,348,766 0 294,835 40,922 15,477 0 12,700,000 Springing Springing
21 Loan 12, 25 Center at Pearland II 0 19,801,126 0 19,387,755 227,950 185,422 0 0 19,801,126 Springing Springing
22 Loan 12, 26 Holiday Inn Express Toledo West 0 11,620,000 6,990,535 0 221,993 122,168 4,285,304 0 11,620,000 Springing Springing
23 Loan   Arbor Plaza 0 15,613,885 0 15,500,000 113,885 0 0 0 15,613,885 Springing Springing
24 Loan 9, 12, 27 Two Democracy 0 31,941,870 30,868,481 0 546,546 526,844 0 0 31,941,870 Hard In Place
25 Loan 28, 29 Capital Complex 0 14,003,069 0 13,018,956 225,966 758,146 0 0 14,003,069 Springing Springing
26 Loan   Cabela’s Farmington 0 18,594,266 0 18,416,000 178,266 0 0 0 18,594,266 Springing Springing
27 Loan 12, 30, 31 Courtyard Bentonville 0 13,736,985 0 11,000,000 133,754 2,603,231 0 0 13,736,985 Springing Springing
28 Loan   20151 Nordhoff Street 0 18,387,780 0 18,150,000 159,157 78,623 0 0 18,387,780 Hard Springing
29 Loan   Shallowford Exchange 0 12,659,406 0 12,450,000 103,448 105,958 0 0 12,659,406 Springing Springing
30 Loan   Roundhouse Campus 0 11,651,041 0 11,487,500 134,802 28,740 0 0 11,651,041 Hard Springing
31 Loan   Shops at Spring Village 0 7,150,000 4,785,274 0 387,282 518,680 1,458,765 0 7,150,000 Springing Springing
32 Loan   Moses Lake Town Center 0 6,700,000 3,191,720 0 202,858 27,029 3,278,393 0 6,700,000 Springing Springing
33 Loan   Dallas Commons 0 8,339,638 0 8,120,000 119,238 100,400 0 0 8,339,638 Springing Springing

 

A-1-11

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Cash Management Triggers Ground Lease Y/N Ground Lease Expiration Date Annual Ground Lease Payment ($) Cut-off Date Pari Passu Companion Loan Balance ($)
1 Loan 8, 9 GSK North American HQ (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.36x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Major Tenant Event No     10,000,000
2 Loan 10, 11, 12 1000 Wilshire (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Mezzanine Loan Event of Default No      
3 Loan   Aliso Creek Apartments (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Mezzanine Debt Event of Default No      
4 Loan   Commonwealth Centre (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 10.0%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) CACI tenant exercises early termination right No      
5 Loan 13 MOA Hotel Leased Fee Portfolio (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure of Sponsor to maintain net worth and liquidity above the respective thresholds        
5.01 Property   Radisson Blu at Mall of America - Ground Lease   No      
5.02 Property   JW Marriott at Mall of America - Ground Lease   No      
6 Loan 9, 14 FXI Portfolio (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Bankruptcy action of either Master Tenant, (v) the occurrence of a Go-Dark Event, (vi) the occurrence of a Downgrade Trigger, (vii) delivery of the Go-Dark Deposit 12 months prior to the Maturity Date       28,560,000
6.01 Property   FXI Portland OR   No      
6.02 Property   FXI Auburn IN   No      
6.03 Property   FXI Santa Teresa NM   No      
6.04 Property   FXI Verona MS   No      
6.05 Property   FXI Corry PA   No      
6.06 Property   FXI Fort Wayne IN   No      
6.07 Property   FXI Cuautitlan MX   No      
7 Loan 9, 15 U.S. Industrial Portfolio (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement       64,000,000
7.01 Property   DialogDirect   No      
7.02 Property   JIT Packaging   No      
7.03 Property   Markel   No      
7.04 Property   Dedicated Logistics   No      
7.05 Property   Wilbert   No      
7.06 Property   Matandy Steel   No      
7.07 Property   Landmark Plastics   No      
7.08 Property   Rohrer Corporation (OH)   No      
7.09 Property   Rohrer Corporation (IL)   No      
7.10 Property   Rohrer Corporation (GA)   No      
7.11 Property   AAP Metals   No      
8 Loan 9, 14 Quality RV Resorts (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure of Sponsor to maintain net worth and liquidity above the respective thresholds       26,210,000
8.01 Property   Quality RV Resorts Lakeview   No      
8.02 Property   Quality RV Resorts Brazoria   No      
8.03 Property   Quality RV Resorts Highway Six   No      
8.04 Property   Quality RV Resorts Mont Belvieu   No      
8.05 Property   Quality RV Resorts Greenlake   No      
8.06 Property   Quality RV Resorts Fallbrook   No      
8.07 Property   Quality RV Resorts Southlake   No      
8.08 Property   Quality RV Resorts Allstar   No      
9 Loan   Thorncreek Crossing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement No      
10 Loan   SanTan Village Marketplace (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of Borrower or Manager, (iv) the occurrence of a Major Tenant Credit Event and the failure to timely satisfy the Jo-Ann Fabrics Deposit Condition within 10 business days thereafter, (v) the occurrence of a Major Tenant Lease Expiration Event and the failure to timely satisfy the Jo-Ann Fabrics Deposit Condition within 10 business days thereafter, (vi) the occurrence of a Major Tenant Vacancy Event and the failure to timely satisfy the Jo-Ann Fabrics Deposit Condition within 10 business days thereafter No      
11 Loan 9, 12, 16, 17 Marina Heights State Farm (i) the occurrence of an Event of Default, (ii) the State Farm Tenant is in default under any State Farm Lease beyond any applicable notice and cure period, (iii) State Farm Tenant is rated below Baa3 by Moody’s or BBB- by S&P, (iv) State Farm Tenant shall have surrendered, cancelled or terminated any of the State Farm Leases or given written notice of its intent to surrender, cancel or terminate any of the State Farm Leases, (v) State Farm Tenant fails to occupy at least 50% of aggregate space of all State Farm leases, (vi) State Farm Tenant declares bankruptcy, (vii) hyper amortization period Yes 8/16/2112 4,375,033 532,500,000
12 Loan   Dolwick Business Center (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.4%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
13 Loan 12, 18 5500 Hellyer Avenue (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
14 Loan   Spring Hill Logistics Center (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event, (v) failure of Sponsor to maintain net worth and liquidity above the respective thresholds No      
15 Loan 12, 19, 20 3300 East 1st Avenue (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement No      
16 Loan 21 The Commons (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.35x, (iii) failure to deliver financial statements as required in the Loan Agreement No      
17 Loan   Market at Crenshaw (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event No      
18 Loan 9, 14 Davenport Commons (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No     20,000,000
19 Loan 12, 22, 23, 24 Athens Townhomes (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) failure to deliver financial statements as required in the Loan Agreement No      
20 Loan   Naples Plaza (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Northgate Trigger Event No      
21 Loan 12, 25 Center at Pearland II (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 80% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
22 Loan 12, 26 Holiday Inn Express Toledo West (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 70% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement No      
23 Loan   Arbor Plaza (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
24 Loan 9, 12, 27 Two Democracy (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 75% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Period Yes 11/22/2087 862,559 14,937,050
25 Loan 28, 29 Capital Complex (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
26 Loan   Cabela’s Farmington (i) the occurrence of an Event of Default, (ii) failure to deliver financial statements as required in the Loan Agreement, (iii) the occurrence of a Rollover Trigger Event, (iv) the occurrence of a Guarantor Covenant Event No      
27 Loan 12, 30, 31 Courtyard Bentonville (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) termination or expiration of the Franchise Agreement, (v) the occurrence of a PIP Trigger Period, (vi) the occurrence of a Non-Renewal Trigger Period No      
28 Loan   20151 Nordhoff Street (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.47x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Period No      
29 Loan   Shallowford Exchange (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
30 Loan   Roundhouse Campus (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event No      
31 Loan   Shops at Spring Village (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement No      
32 Loan   Moses Lake Town Center (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.52x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure of Sponsor to maintain net worth and liquidity above the respective thresholds, (v) the occurrence of a Rollover Trigger Event No      
33 Loan   Dallas Commons (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Shadow Trigger Event No      

 

A-1-12

 

 

GSMS 2018-GS10 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Cut-off Date Subordinate Companion Loan Balance ($) Subordinate Companion Loan Interest Rate Cut-off Date Mezzanine Debt Balance ($) Terrorism Insurance Required Franchise Agreement Expiration Control Number
1 Loan 8, 9 GSK North American HQ       Yes NAP 1
2 Loan 10, 11, 12 1000 Wilshire 63,125,000 4.92000% 19,625,000 Yes NAP 2
3 Loan   Aliso Creek Apartments 58,500,000 5.58750% 20,000,000 Yes NAP 3
4 Loan   Commonwealth Centre       Yes NAP 4
5 Loan 13 MOA Hotel Leased Fee Portfolio       Yes NAP 5
5.01 Property   Radisson Blu at Mall of America - Ground Lease       Yes NAP 5.01
5.02 Property   JW Marriott at Mall of America - Ground Lease       Yes NAP 5.02
6 Loan 9, 14 FXI Portfolio       Yes NAP 6
6.01 Property   FXI Portland OR       Yes NAP 6.01
6.02 Property   FXI Auburn IN       Yes NAP 6.02
6.03 Property   FXI Santa Teresa NM       Yes NAP 6.03
6.04 Property   FXI Verona MS       Yes NAP 6.04
6.05 Property   FXI Corry PA       Yes NAP 6.05
6.06 Property   FXI Fort Wayne IN       Yes NAP 6.06
6.07 Property   FXI Cuautitlan MX       Yes NAP 6.07
7 Loan 9, 15 U.S. Industrial Portfolio       Yes NAP 7
7.01 Property   DialogDirect       Yes NAP 7.01
7.02 Property   JIT Packaging       Yes NAP 7.02
7.03 Property   Markel       Yes NAP 7.03
7.04 Property   Dedicated Logistics       Yes NAP 7.04
7.05 Property   Wilbert       Yes NAP 7.05
7.06 Property   Matandy Steel       Yes NAP 7.06
7.07 Property   Landmark Plastics       Yes NAP 7.07
7.08 Property   Rohrer Corporation (OH)       Yes NAP 7.08
7.09 Property   Rohrer Corporation (IL)       Yes NAP 7.09
7.10 Property   Rohrer Corporation (GA)       Yes NAP 7.10
7.11 Property   AAP Metals       Yes NAP 7.11
8 Loan 9, 14 Quality RV Resorts       Yes NAP 8
8.01 Property   Quality RV Resorts Lakeview       Yes NAP 8.01
8.02 Property   Quality RV Resorts Brazoria       Yes NAP 8.02
8.03 Property   Quality RV Resorts Highway Six       Yes NAP 8.03
8.04 Property   Quality RV Resorts Mont Belvieu       Yes NAP 8.04
8.05 Property   Quality RV Resorts Greenlake       Yes NAP 8.05
8.06 Property   Quality RV Resorts Fallbrook       Yes NAP 8.06
8.07 Property   Quality RV Resorts Southlake       Yes NAP 8.07
8.08 Property   Quality RV Resorts Allstar       Yes NAP 8.08
9 Loan   Thorncreek Crossing       Yes NAP 9
10 Loan   SanTan Village Marketplace       Yes NAP 10
11 Loan 9, 12, 16, 17 Marina Heights State Farm       Yes NAP 11
12 Loan   Dolwick Business Center       Yes NAP 12
13 Loan 12, 18 5500 Hellyer Avenue       Yes NAP 13
14 Loan   Spring Hill Logistics Center       Yes NAP 14
15 Loan 12, 19, 20 3300 East 1st Avenue       Yes NAP 15
16 Loan 21 The Commons       Yes NAP 16
17 Loan   Market at Crenshaw       Yes NAP 17
18 Loan 9, 14 Davenport Commons       Yes NAP 18
19 Loan 12, 22, 23, 24 Athens Townhomes       Yes NAP 19
20 Loan   Naples Plaza       Yes NAP 20
21 Loan 12, 25 Center at Pearland II       Yes NAP 21
22 Loan 12, 26 Holiday Inn Express Toledo West       Yes 2/28/2036 22
23 Loan   Arbor Plaza       Yes NAP 23
24 Loan 9, 12, 27 Two Democracy       Yes NAP 24
25 Loan 28, 29 Capital Complex       Yes NAP 25
26 Loan   Cabela’s Farmington       Yes NAP 26
27 Loan 12, 30, 31 Courtyard Bentonville       Yes 6/1/2033 27
28 Loan   20151 Nordhoff Street       Yes NAP 28
29 Loan   Shallowford Exchange       Yes NAP 29
30 Loan   Roundhouse Campus       Yes NAP 30
31 Loan   Shops at Spring Village       Yes NAP 31
32 Loan   Moses Lake Town Center       Yes NAP 32
33 Loan   Dallas Commons       Yes NAP 33

 

A-1-13

 

 

Footnotes to Annex A-1

 

(1) The Administrative Cost Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.
   
(2) The monthly debt service shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.
   
(3) The open period is inclusive of the Maturity Date or Anticipated Repayment Date.
   
(4) Underwritten NCF DSCR is calculated based on amortizing debt service payments (except for interest-only loans).
   
(5) Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
(6) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease.
   
(7) If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.
   
(8) The lockout period will be at least 25 payment dates beginning with and including the first payment date of July 2018. For the purpose of this prospectus, the assumed lockout period of 25 payment dates is based on the expected GSMS 2018-GS10 securitization closing date in July 2018. The actual lockout period may be longer.
   
(9) The Mortgage Loan is part of a whole loan structure. Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD, Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow and Loan Per Unit calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, but excluding any related Subordinate Companion Loans.
   
(10) On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $1,000,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $39,708.
   
(11) For tenants with multiple lease expirations, the expiration date associated with the largest square footage is shown.
   
(12) The Appraised Value represents the “as-is” Appraised Value of the Mortgaged Property. The Cut-off Date LTV Ratio is calculated on the basis of such “as-is” Appraised Value. The LTV Ratio at Maturity / ARD is calculated on the basis of the “as stabilized” Appraised Value.
   
(13) The Mortgage Loan is secured by a first mortgage encumbering (i) the borrowers’ fee simple interest in the land under the Radisson Blu at Mall of America hospitality property, which land is ground leased and (ii) the borrowers’ leasehold interest in the air rights over the land on which a JW Marriott at Mall of America (“JW Marriott”) hospitality property is located, which air rights are subleased to the JW Marriot tenant. As such, Loan Per Unit ($) is not applicable.
   
(14) The lockout period will be at least 24 payment dates beginning with and including the first payment date of August 2018. For the purpose of this prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2018-GS10 securitization closing date in July 2018. The actual lockout period may be longer.
   
(15) The Appraised Value represents the aggregate “as-is” Appraised Value of the U.S. Industrial Portfolio Properties of $149,380,000 plus approximately a 5.1% portfolio premium. The Cut-off Date LTV Ratio for the U.S. Industrial Portfolio Loan calculated on the basis of the aggregate “as-is” Appraised Value without the portfolio premium is 70.8%.
   
(16) Commencing on the Anticipated Repayment Date, the interest rate increases to 300 basis points per annum in excess of the greater of (i) the interest rate that was otherwise applicable to such note or note component prior to the Anticipated Repayment Date and (ii) the 10-year swap rate as of the Anticipated Repayment Date.
   
(17) No rent payments are due with respect to any phase under the ground lease until the 8th anniversary of the day the first certificate of occupancy was issued for such phase. The rent commencement dates for the phases begin on

 

A-1-14

 

 

  October 13, 2023 and the final phase rent commences March 3, 2025. The maximum ground rent expense once rent commences for all phases is $4,375,033 per annum.
   
(18) The Cut-off Date LTV Ratio is calculated utilizing the “as-is” Appraised Value of $32,325,000 plus an adjustment of approximately $3,441,729 related to tenant improvements and leasing commissions, free rent and gap rent, all of which was reserved in connection with the origination of the 5500 Hellyer Avenue Loan. The Cut-off Date LTV Ratio calculated based on the “as-is” Appraised Value is 79.1%.
   
(19) On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $97,770, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $8,148.
   
(20) AJS Ventures LLC (9,530 SF) had a lease expiration in June 2018. The tenant was excluded from the in-place rent roll as the tenant indicated to vacate upon lease expiration.
   
(21) On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than (i) prior to the occurrence of a Critical Tenant Renewal Event, $500,000 and (ii) from and after the occurrence of a Critical Tenant Renewal Event, $350,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $12,356.
   
(22) The 2017 cash flows are based on the 102 units which were open in 2017, and underwritten cash flows are based on the 135 units which were open per the rent roll dated June 2018.
   
(23) The Original Balance of $14,700,000 is inclusive of a $1,750,000 earnout reserve. Cut-off Date LTV Ratio, Debt Yield on Underwritten Net Operating Income and Debt Yield on Underwritten Net Cash Flow are calculated excluding the $1,750,000 earnout.
   
(24) Upfront Other Reserve ($) represents an earnout and a potential yield maintenance reserve. Funds will be held in escrow until the borrower has achieved a debt yield of 8.74% on the fully funded amount, completed the construction of 14 additional multifamily units at the property, and provides evidence of monthly rents no less than 1/12th of the underwritten base rent. If such conditions are not satisfied by December 13, 2019, the reserve is required to be applied to prepay the Athens Townhomes Loan and the related yield maintenance for such prepayment.
   
(25) On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $120,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $5,000.
   
(26) The Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) for the Due Dates occurring in June 2018 through May 2019, $6,033, (ii) for the Due Dates occurring in June 2019 through May 2020, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 3% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in April and (iii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in April.
   
(27) Commencing on the Anticipated Repayment Date, the interest rate increases to the greater of (i) the Mortgage Rate plus 300 basis points, or (ii) the swap rate as of the Initial Maturity Date plus 547 basis points.
   
(28) On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $300,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $8,333.
   
(29) The Appraised Value includes separate appraised values for the office buildings included in the Capital Complex Property ($13,500,000) and the excess land ($601,000).
   
(30) The Cut-off Date LTV Ratio is calculated utilizing the “as-is” Appraised Value of $11,000,000 plus an adjustment of approximately $2,535,000 related to PIP costs, which was reserved in connection with the origination of the Courtyard Bentonville Loan. The Cut-off Date LTV Ratio calculated based on the “as-is” Appraised Value is 83.6%.
   
(31) The Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) for the Due Dates occurring in July 2018 through June 2019, $10,247 and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in June.

 

A-1-15