FWP 1 n1326_anxa1-x3.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207361-09
     

     
 

 

The Information contained herein (the "Information") is preliminary and subject to change.  The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series CSAIL 2018-CX12 (the "Offering Document").  The Information supersedes any such information previously delivered.  The Information should be reviewed only in conjunction with the entire Offering Document. All of the Information is subject to the same limitations and qualifications contained in the Offering Document.  The Information does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document.  The Information contained herein will be more fully described elsewhere in the Offering Document.  The Information should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. The privately offered securities described in the Offering Document as to which the Information relates have not been and will not be registered under the United States Securities Act of 1933, as amended. This material should be not construed as an effort to sell or the solicitation of any offer to buy any security in any jurisdiction where such offer of solicitation could be illegal.  

 

For investors in publicly offered securities as to which the Information relates: The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-207361) 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 the underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-221-1037.

 

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

 

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

 

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

 

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

 

 
     

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

                             
Loan ID Footnotes Property
Flag
Deal Name % of Initial
Pool Balance
Mortgage Loan Originator Mortgage
Loan Seller(1)
Credit Assessment (Moody’s/Fitch/DBRS)(2) Original
Balance(3)
Cut-off Date
Balance(3)(4)
Maturity/ARD
Balance(3)
Cut-off Date
Balance per SF/
Units/Rooms/Pads
Loan Purpose Sponsor Non-Recourse Carveout Guarantor
1   Loan 20 Times Square 9.5% Natixis Real Estate Capital LLC Column AAA/A/AAA $64,000,000 $64,000,000 $64,000,000 $16,494.46 Acquisition Mark Siffin Mark Siffin
2   Loan Hilton Clearwater Beach Resort & Spa 9.3% Column Financial, Inc. Column   $63,000,000 $62,654,453 $52,026,629 $317,957.96 Refinance Columbia Sussex Corporation; CSC Holdings, LLC Columbia Sussex Corporation; CSC Holdings, LLC
3   Loan Aventura Mall 7.4% JPMorgan Chase Bank, National Association; Wells Fargo Bank, National Association; Deutsche Bank AG, New York Branch; Morgan Stanley Bank, N.A. Column Aa3/A/BBB(high) $50,000,000 $50,000,000 $50,000,000 $1,155.39 Refinance Simon Property Group, L.P.;  Jacquelyn Soffer; Jeffrey Soffer Simon Property Group, L.P.;  Jacquelyn Soffer; Jeffrey Soffer
4 (24) Loan Riverfront Plaza 6.8% Natixis Real Estate Capital LLC Natixis   $46,000,000 $45,873,257 $38,860,222 $153.28 Refinance Hertz Investment Group Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz
5 (25) Loan Queens Place 6.2% Natixis Real Estate Capital LLC Natixis Baa1/BBB+/A(high) $42,000,000 $42,000,000 $42,000,000 $188.28 Refinance Madison NYC Core Retail Partners, LP Madison NYC Core Retail Partners, LLC
6   Loan SIXTY Hotel Beverly Hills 5.9% Natixis, New York Branch Natixis   $40,000,000 $40,000,000 $40,000,000 $338,983.05 Refinance Michael Pomeranc; Lawrence Pomeranc; Jason Pomeranc Michael Pomeranc; Lawrence Pomeranc; Jason Pomeranc
7   Loan Lakewood Plaza 5.7% Rialto Mortgage Finance, LLC RMF   $38,220,000 $38,220,000 $38,220,000 $186.85 Acquisition Asher Handler Asher Handler
8   Loan Sahara Center 5.5% Natixis Real Estate Capital LLC Natixis   $37,000,000 $37,000,000 $37,000,000 $167.30 Refinance Paul B. DeHart; Vickie L. DeHart; Yohanan Yohan Lowie Yohanan Yohan Lowie; Merav Lowie
9   Loan Midway Station 4.0% Column Financial, Inc. Column   $27,225,000 $27,225,000 $23,521,691 $129,642.86 Acquisition REOF B, LLC REOF B, LLC
10   Loan Conway Commons 3.0% Rialto Mortgage Finance, LLC RMF   $20,000,000 $20,000,000 $18,359,778 $131.25 Refinance E. Stanley Kroenke E. Stanley Kroenke
11 (26) Loan Campus Hill Apartments 2.9% Natixis Real Estate Capital LLC Natixis   $19,454,000 $19,454,000 $18,644,043 $50,793.73 Acquisition Winnie Chan N/A
11.01   Property 302 Summit Street                      
11.02   Property 306 Summit Street                      
11.03   Property 308 Summit Street                      
11.04   Property 214 Warren Square                      
11.05   Property 424 Birkel Avenue                      
11.06   Property 426 Birkel Avenue                      
11.07   Property 428 Birkel Avenue                      
11.08   Property 438 Birkel Avenue                      
11.09   Property 440 Birkel Avenue                      
11.10   Property 462 Birkel Avenue                      
11.11   Property 109 East Morton Street                      
11.12   Property 410 South New Street                      
11.13   Property 412 South New Street                      
11.14   Property 414 South New Street                      
11.15   Property 416 South New Street                      
11.16   Property 418 South New Street                      
11.17   Property 420 South New Street                      
11.18   Property 6 West 4th Street A1                      
11.19   Property 6 West 4th Street A2                      
11.20   Property 6 West 4th Street A3                      
11.21   Property 6 West 4th Street A6                      
11.22   Property 6 West 4th Street A7                      
11.23   Property 6 West 4th Street A8                      
11.24   Property 102 East 4th Street                      
11.25   Property 328 Adams Street                      
11.26   Property 233 Fifth Street                      
11.27   Property 429 Webster Street                      
11.28   Property 443 Webster Street                      
11.29   Property 451 Webster Street                      
11.30   Property 220 East 5th Street                      
11.31   Property 223 East 5th Street                      
11.32   Property 226 East 5th Street                      
11.33   Property 227 East 5th Street                      
11.34   Property 229 East 5th Street                      
11.35   Property 231 East 5th Street                      
11.36   Property 305 East 5th Street                      
11.37   Property 307 East 5th Street                      
11.38   Property 308 East 5th Street                      
11.39   Property 309 East 5th Street                      
11.40   Property 312 East 5th Street                      
11.41   Property 315 East 5th Street                      
11.42   Property 325 East 5th Street                      
11.43   Property 421 East 5th Street                      
11.44   Property 510 East 5th Street                      
11.45   Property 515 East 5th Street                      
11.46   Property 517 East 5th Street                      
11.47   Property 519 East 5th Street                      
11.48   Property 521 East 5th Street                      
11.49   Property 523 East 5th Street                      
11.50   Property 518 Polk Street                      
11.51   Property 511 Fillmore Street                      
11.52   Property 523 Fillmore Street                      
11.53   Property 548 Hillside Avenue                      
11.54   Property 552 Hillside Avenue                      
11.55   Property 554 Hillside Avenue                      
11.56   Property 556 Hillside Avenue                      
11.57   Property 556.5 Hillside Avenue                      
11.58   Property 557-559 Hillside Avenue                      
11.59   Property 558 Hillside Avenue                      
11.60   Property 561 Hillside Avenue                      
11.61   Property 564 Hillside Avenue                      
11.62   Property 566 Hillside Avenue                      
11.63   Property 618 Hillside Avenue                      
11.64   Property 619 Hillside Avenue                      
11.65   Property 625 Hillside Avenue                      
11.66   Property 506-512 Thomas Street                      
11.67   Property 519 Thomas Street                      
11.68   Property 532 Thomas Street                      
11.69   Property 622 Pierce Street                      
11.70   Property 624 Pierce Street                      
11.71   Property 632 Pierce Street                      

 

A-1-1

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

                             
Loan ID Footnotes Property
Flag
Deal Name % of Initial
Pool Balance
Mortgage Loan Originator Mortgage
Loan Seller(1)
Credit Assessment (Moody’s/Fitch/DBRS)(2) Original
Balance(3)
Cut-off Date
Balance(3)(4)
Maturity/ARD
Balance(3)
Cut-off Date
Balance per SF/
Units/Rooms/Pads
Loan Purpose Sponsor Non-Recourse Carveout Guarantor
11.72   Property 631 Parkhill Street                      
11.73   Property 442-444 Pierce Street                      
12   Loan Hilton Garden Inn Albuquerque Uptown 2.6% Argentic Real Estate Finance LLC AREF   $17,200,000 $17,200,000 $14,634,100 $115,436.24 Refinance Faizel M. Kassam, Aleem M. and Tazim P. Kassam Faizel M. Kassam, Aleem M. and Tazim P. Kassam
13   Loan Tri-City Center 2.3% Argentic Real Estate Finance LLC AREF   $15,468,750 $15,468,750 $12,997,836 $101.96 Acquisition Raymond Levy; David Nazarian Raymond Levy
14   Loan Galveston Hotel Portfolio 2.2% Column Financial, Inc. Column   $14,500,000 $14,500,000 $12,132,854 $83,815.03 Refinance Hans Lindberg Hans Lindberg
14.01   Property Courtyard Galveston               $83,815.03      
14.02   Property TownePlace Suites Galveston               $83,815.03      
15   Loan Shoreline Apartments 2.1% Argentic Real Estate Finance LLC AREF   $14,100,000 $14,100,000 $13,014,044 $30,387.93 Acquisition C.N. David Reischer; Solomon Spetner; Marc Kulick C.N. David Reischer; Solomon Spetner; Marc Kulick
16   Loan Brookwood Village 1.9% Argentic Real Estate Finance LLC AREF   $12,860,000 $12,860,000 $11,160,730 $89,305.56 Refinance Joseph Palermo; D. Rea Palermo Joseph Palermo; D. Rea Palermo
17   Loan Aloft Columbia Downtown 1.8% Column Financial, Inc. Column   $12,000,000 $12,000,000 $9,432,175 $112,149.53 Refinance Ajaykumar Champaneri; Rajesh Kumar Champaneri; Naresh Champaneri; Sudhir Patel; Hemalata Patel Ajaykumar Champaneri; Rajesh Kumar Champaneri; Naresh Champaneri; Sudhir Patel; Hemalata Patel
18   Loan Hampton Inn & Suites Burlington 1.5% Regions Bank Column   $10,205,000 $10,174,397 $9,479,927 $110,591.27 Refinance Shaunak Patel Shaunak Patel
19   Loan Baldwin Square Shopping Center 1.5% Argentic Real Estate Finance LLC AREF   $9,850,000 $9,850,000 $8,163,443 $69.68 Refinance Charles G. Reeder Charles G. Reeder
20   Loan Indian Run Apartments 1.4% Argentic Real Estate Finance LLC AREF   $9,300,000 $9,300,000 $9,300,000 $58,125.00 Refinance Martin B. Geller Martin B. Geller
21   Loan Studio School NYC 1.4% Argentic Real Estate Finance LLC AREF   $9,250,000 $9,250,000 $9,250,000 $816.27 Refinance The Studio School The Studio School
22   Loan Pompano Beach Plaza 1.3% Argentic Real Estate Finance LLC AREF   $8,500,000 $8,500,000 $7,228,910 $184.65 Acquisition Michael Cosculluela; Daniel Marzano Michael Cosculluela; Daniel Marzano
23   Loan Shoppes at Sanford 1.2% Natixis, New York Branch Natixis   $8,137,500 $8,119,790 $6,734,586 $161.43 Refinance J. Christopher Perry J. Christopher Perry
24   Loan Gateway Station 1.1% Argentic Real Estate Finance LLC AREF   $7,637,500 $7,637,500 $7,045,864 $94.18 Refinance Yoav Rubinstein Y&O Investments Inc.
25   Loan Town Center Plaza 1.1% Argentic Real Estate Finance LLC AREF   $7,500,000 $7,491,889 $6,152,142 $246.91 Refinance David Kanner David Kanner
26   Loan East Towne Green Bay 1.0% Argentic Real Estate Finance LLC AREF   $7,000,000 $6,985,327 $5,825,840 $103.53 Refinance David Israel David Israel
27   Loan Orlando Airport Marriott Lakeside 1.0% Argentic Real Estate Finance LLC AREF   $7,000,000 $6,979,709 $5,395,539 $148,023.29 Refinance Columbia Sussex Corporation; Sussex Holdings, LLC; CSC Holdings, LLC Columbia Sussex Corporation; Sussex Holdings, LLC; CSC Holdings, LLC
28   Loan Hyatt Place Santa Fe 0.9% Argentic Real Estate Finance LLC AREF   $5,750,000 $5,750,000 $4,905,944 $62,500.00 Refinance Faizel M. Kassam, Aleem M. and Tazim P. Kassam Faizel M. Kassam, Aleem M. and Tazim P. Kassam
29   Loan Broughton Street Collection 0.8% Argentic Real Estate Finance LLC AREF   $5,700,000 $5,700,000 $5,700,000 $298.70 Acquisition J. Bratton Fennell Burroughs & Chapin Company, Inc.
30   Loan Ocean Breeze 0.8% Natixis, New York Branch Natixis   $5,429,000 $5,429,000 $5,429,000 $77,557.14 Refinance Pinkal Jogani Pinkal Jogani; Hansa Investments, Inc.
31   Loan Candlewood Suites Boise Meridian 0.8% Natixis Real Estate Capital LLC Natixis   $5,300,000 $5,289,752 $4,462,063 $43,716.96 Refinance Jay Nijjer Jay Nijjer; Ted Nager
32   Loan Torrance Technology Campus 0.7% Argentic Real Estate Finance LLC AREF   $5,000,000 $5,000,000 $5,000,000 $162.77 Acquisition Gregory J. Orman; David L. Johnson Gregory J. Orman; David L. Johnson
33   Loan Dayton Medical Office Portfolio 0.6% Regions Bank Column   $4,330,000 $4,330,000 $3,576,538 $112.48 Acquisition John Colt Landreth John Colt Landreth
33.01   Property Dover Medical Center         $1,933,786 $1,933,786 $1,597,289 $112.48      
33.02   Property Mason Clinic         $1,681,553 $1,681,553 $1,388,947 $112.48      
33.03   Property Paragon Lab         $714,660 $714,660 $590,302 $112.48      
34   Loan Kosmo Village MHC 0.6% Rialto Mortgage Finance, LLC RMF   $4,260,000 $4,260,000 $3,716,562 $35,798.32 Acquisition Bradley Dressler Bradley Dressler
35   Loan Country Inn & Suites Buford 0.6% Natixis Real Estate Capital LLC Natixis   $4,100,000 $4,088,801 $3,174,465 $53,101.31 Refinance Jitendra Desai Jitendra Desai; Mukund Desai; Sanjay Desai
36   Loan Red Roof PLUS+ Poughkeepsie 0.5% Rialto Mortgage Finance, LLC RMF   $3,500,000 $3,500,000 $2,685,893 $57,377.05 Refinance Bhavana Patel Bhavana Patel
37   Loan The Meadows 0.5% Natixis, New York Branch Natixis   $3,345,000 $3,345,000 $3,345,000 $128,653.85 Refinance Pinkal Jogani Pinkal Jogani; Hansa Investments, Inc.
38   Loan Summit Point 0.5% Natixis Real Estate Capital LLC Natixis   $3,206,769 $3,200,396 $2,689,430 $131.33 Refinance Sion Saghian; Brian Copland Sion Saghian
39   Loan Casa Brae 0.4% Natixis, New York Branch Natixis   $2,538,000 $2,538,000 $2,538,000 $90,642.86 Refinance Pinkal Jogani Pinkal Jogani; Hansa Investments, Inc.
40   Loan China Gate 0.4% Natixis, New York Branch Natixis   $2,388,000 $2,388,000 $2,388,000 $132,666.67 Refinance Pinkal Jogani Pinkal Jogani; Hansa Investments, Inc.
41   Loan Napa Auto 0.1% Natixis Real Estate Capital LLC Natixis   $1,000,000 $998,348 $859,276 $93.28 Recapitalization Robert C. Kaliner; The Robert C. Kaliner Family 2012 Trust Robert C. Kaliner

 

A-1-2

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

          MORTGAGED PROPERTY CHARACTERISTICS                      
Loan ID Footnotes Property
Flag
Deal Name   No. of
Properties
General Property Type Detailed Property Type Title Type(5)(6) Ground Lease
Initial Lease
Expiration Date(5)
Address City County State Zip Code Year Built Year Renovated Net Rentable Area
SF/Units/
Rooms/Pads(6)
Units of
Measure
Occupancy
Rate(7)
Occupancy Rate
As-of Date
Appraised
Value
Appraisal
As-of Date
 
1   Loan 20 Times Square   1 Other Leased Fee Fee NAP 20 Times Square New York New York NY 10036 NAP NAP 16,066 Square Feet NAP NAP $1,636,000,000 1/31/2018  
2   Loan Hilton Clearwater Beach Resort & Spa   1 Hotel Full Service Leasehold 2/28/2079 400 Mandalay Avenue Clearwater Beach Pinellas FL 33767 1981 2015-2018 416 Rooms 72.0% 3/31/2018 $199,000,000 12/21/2017  
3   Loan Aventura Mall   1 Retail Super Regional Mall Fee NAP 19501 Biscayne Boulevard Aventura Miami-Dade FL 33180 1983 2017 1,217,508 Square Feet 92.8% 2/14/2018 $3,450,000,000 4/16/2018  
4 (24) Loan Riverfront Plaza   1 Office CBD Fee NAP 901-951 East Byrd Street Richmond Richmond VA 23219 1990 2014 949,875 Square Feet 83.4% 3/28/2018 $200,800,000 2/13/2018  
5 (25) Loan Queens Place   1 Retail Anchored Fee NAP 88-01 Queens Boulevard Elmhurst Queens NY 11375 1965 1999-2001 223,068 Square Feet 96.8% 6/1/2018 $180,000,000 12/22/2017  
6   Loan SIXTY Hotel Beverly Hills   1 Hotel Full Service Fee NAP 9360 Wilshire Boulevard Beverly Hills Los Angeles CA 90212 1963 2016 118 Rooms 87.6% 3/31/2018 $85,000,000 7/2/2018  
7   Loan Lakewood Plaza   1 Retail Anchored Fee NAP 1700 Madison Avenue Lakewood Ocean NJ 08701 1962 1970, 1980, 1992 204,547 Square Feet 94.3% 3/29/2018 $57,500,000 4/17/2018  
8   Loan Sahara Center   1 Retail Anchored Fee NAP 10000 West Sahara Avenue Las Vegas Clark NV 89117 2014 NAP 221,158 Square Feet 88.2% 5/21/2018 $62,850,000 1/6/2018  
9   Loan Midway Station   1 Multifamily Garden Fee NAP 3700 North A Street Midland Midland TX 79705 2014 NAP 210 Units 94.8% 7/6/2018 $37,500,000 5/7/2018  
10   Loan Conway Commons   1 Retail Anchored Fee NAP 600-821 Elsinger Boulevard Conway Faulkner AR 72032 2004 2011 359,995 Square Feet 98.3% 6/30/2018 $80,550,000 6/29/2018  
11 (26) Loan Campus Hill Apartments   73 Multifamily Student Housing Fee NAP Various Bethlehem Northampton PA Various 1890-1987 NAP 383 Beds 98.4% 5/7/2018 $31,700,000 3/1/2018  
11.01   Property 302 Summit Street   1 Multifamily Student Housing     302 Summit Street Bethlehem Northampton PA 18015     4 Beds          
11.02   Property 306 Summit Street   1 Multifamily Student Housing     306 Summit Street Bethlehem Northampton PA 18015     4 Beds          
11.03   Property 308 Summit Street   1 Multifamily Student Housing     308 Summit Street Bethlehem Northampton PA 18015     4 Beds          
11.04   Property 214 Warren Square   1 Multifamily Student Housing     214 Warren Square Bethlehem Northampton PA 18015     5 Beds          
11.05   Property 424 Birkel Avenue   1 Multifamily Student Housing     424 Birkel Avenue Bethlehem Northampton PA 18015     5 Beds          
11.06   Property 426 Birkel Avenue   1 Multifamily Student Housing     426 Birkel Avenue Bethlehem Northampton PA 18015     5 Beds          
11.07   Property 428 Birkel Avenue   1 Multifamily Student Housing     428 Birkel Avenue Bethlehem Northampton PA 18015     5 Beds          
11.08   Property 438 Birkel Avenue   1 Multifamily Student Housing     438 Birkel Avenue Bethlehem Northampton PA 18015     5 Beds          
11.09   Property 440 Birkel Avenue   1 Multifamily Student Housing     440 Birkel Avenue Bethlehem Northampton PA 18015     5 Beds          
11.10   Property 462 Birkel Avenue   1 Multifamily Student Housing     462 Birkel Avenue Bethlehem Northampton PA 18015     5 Beds          
11.11   Property 109 East Morton Street   1 Multifamily Student Housing     109 East Morton Street Bethlehem Northampton PA 18015     7 Beds          
11.12   Property 410 South New Street   1 Multifamily Student Housing     410 South New Street Bethlehem Northampton PA 18015     2 Beds          
11.13   Property 412 South New Street   1 Multifamily Student Housing     412 South New Street Bethlehem Northampton PA 18015     2 Beds          
11.14   Property 414 South New Street   1 Multifamily Student Housing     414 South New Street Bethlehem Northampton PA 18015     2 Beds          
11.15   Property 416 South New Street   1 Multifamily Student Housing     416 South New Street Bethlehem Northampton PA 18015     2 Beds          
11.16   Property 418 South New Street   1 Multifamily Student Housing     418 South New Street Bethlehem Northampton PA 18015     2 Beds          
11.17   Property 420 South New Street   1 Multifamily Student Housing     420 South New Street Bethlehem Northampton PA 18015     2 Beds          
11.18   Property 6 West 4th Street A1   1 Multifamily Student Housing     6 West 4th Street A1 Bethlehem Northampton PA 18015     3 Beds          
11.19   Property 6 West 4th Street A2   1 Multifamily Student Housing     6 West 4th Street A2 Bethlehem Northampton PA 18015     3 Beds          
11.20   Property 6 West 4th Street A3   1 Multifamily Student Housing     6 West 4th Street A3 Bethlehem Northampton PA 18015     2 Beds          
11.21   Property 6 West 4th Street A6   1 Multifamily Student Housing     6 West 4th Street A6 Bethlehem Northampton PA 18015     3 Beds          
11.22   Property 6 West 4th Street A7   1 Multifamily Student Housing     6 West 4th Street A7 Bethlehem Northampton PA 18015     3 Beds          
11.23   Property 6 West 4th Street A8   1 Multifamily Student Housing     6 West 4th Street A8 Bethlehem Northampton PA 18015     2 Beds          
11.24   Property 102 East 4th Street   1 Multifamily Student Housing     102 East 4th Street Bethlehem Northampton PA 18015     19 Beds          
11.25   Property 328 Adams Street   1 Multifamily Student Housing     328 Adams Street Bethlehem Northampton PA 18015     36 Beds          
11.26   Property 233 Fifth Street   1 Multifamily Student Housing     233 Fifth Street Bethlehem Northampton PA 18015     0 Beds          
11.27   Property 429 Webster Street   1 Multifamily Student Housing     429 Webster Street Bethlehem Northampton PA 18015     5 Beds          
11.28   Property 443 Webster Street   1 Multifamily Student Housing     443 Webster Street Bethlehem Northampton PA 18015     5 Beds          
11.29   Property 451 Webster Street   1 Multifamily Student Housing     451 Webster Street Bethlehem Northampton PA 18015     5 Beds          
11.30   Property 220 East 5th Street   1 Multifamily Student Housing     220 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.31   Property 223 East 5th Street   1 Multifamily Student Housing     223 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.32   Property 226 East 5th Street   1 Multifamily Student Housing     226 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.33   Property 227 East 5th Street   1 Multifamily Student Housing     227 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.34   Property 229 East 5th Street   1 Multifamily Student Housing     229 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.35   Property 231 East 5th Street   1 Multifamily Student Housing     231 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.36   Property 305 East 5th Street   1 Multifamily Student Housing     305 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.37   Property 307 East 5th Street   1 Multifamily Student Housing     307 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.38   Property 308 East 5th Street   1 Multifamily Student Housing     308 East 5th Street Bethlehem Northampton PA 18018     4 Beds          
11.39   Property 309 East 5th Street   1 Multifamily Student Housing     309 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.40   Property 312 East 5th Street   1 Multifamily Student Housing     312 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.41   Property 315 East 5th Street   1 Multifamily Student Housing     315 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.42   Property 325 East 5th Street   1 Multifamily Student Housing     325 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.43   Property 421 East 5th Street   1 Multifamily Student Housing     421 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.44   Property 510 East 5th Street   1 Multifamily Student Housing     510 East 5th Street Bethlehem Northampton PA 18015     5 Beds          
11.45   Property 515 East 5th Street   1 Multifamily Student Housing     515 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.46   Property 517 East 5th Street   1 Multifamily Student Housing     517 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.47   Property 519 East 5th Street   1 Multifamily Student Housing     519 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.48   Property 521 East 5th Street   1 Multifamily Student Housing     521 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.49   Property 523 East 5th Street   1 Multifamily Student Housing     523 East 5th Street Bethlehem Northampton PA 18015     4 Beds          
11.50   Property 518 Polk Street   1 Multifamily Student Housing     518 Polk Street Bethlehem Northampton PA 18015     5 Beds          
11.51   Property 511 Fillmore Street   1 Multifamily Student Housing     511 Fillmore Street Bethlehem Northampton PA 18015     4 Beds          
11.52   Property 523 Fillmore Street   1 Multifamily Student Housing     523 Fillmore Street Bethlehem Northampton PA 18015     5 Beds          
11.53   Property 548 Hillside Avenue   1 Multifamily Student Housing     548 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.54   Property 552 Hillside Avenue   1 Multifamily Student Housing     552 Hillside Avenue Bethlehem Northampton PA 18015     4 Beds          
11.55   Property 554 Hillside Avenue   1 Multifamily Student Housing     554 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.56   Property 556 Hillside Avenue   1 Multifamily Student Housing     556 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.57   Property 556.5 Hillside Avenue   1 Multifamily Student Housing     556.5 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.58   Property 557-559 Hillside Avenue   1 Multifamily Student Housing     557-559 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.59   Property 558 Hillside Avenue   1 Multifamily Student Housing     558 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.60   Property 561 Hillside Avenue   1 Multifamily Student Housing     561 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.61   Property 564 Hillside Avenue   1 Multifamily Student Housing     564 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.62   Property 566 Hillside Avenue   1 Multifamily Student Housing     566 Hillside Avenue Bethlehem Northampton PA 18015     5 Beds          
11.63   Property 618 Hillside Avenue   1 Multifamily Student Housing     618 Hillside Avenue Bethlehem Northampton PA 18015     4 Beds          
11.64   Property 619 Hillside Avenue   1 Multifamily Student Housing     619 Hillside Avenue Bethlehem Northampton PA 18015     4 Beds          
11.65   Property 625 Hillside Avenue   1 Multifamily Student Housing     625 Hillside Avenue Bethlehem Northampton PA 18015     4 Beds          
11.66   Property 506-512 Thomas Street   1 Multifamily Student Housing     506-512 Thomas Street Bethlehem Northampton PA 18015     25 Beds          
11.67   Property 519 Thomas Street   1 Multifamily Student Housing     519 Thomas Street Bethlehem Northampton PA 18015     4 Beds          
11.68   Property 532 Thomas Street   1 Multifamily Student Housing     532 Thomas Street Bethlehem Northampton PA 18015     5 Beds          
11.69   Property 622 Pierce Street   1 Multifamily Student Housing     622 Pierce Street Bethlehem Northampton PA 18015     5 Beds          
11.70   Property 624 Pierce Street   1 Multifamily Student Housing     624 Pierce Street Bethlehem Northampton PA 18015     5 Beds          
11.71   Property 632 Pierce Street   1 Multifamily Student Housing     632 Pierce Street Bethlehem Northampton PA 18015     4 Beds          

 

A-1-3

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

          MORTGAGED PROPERTY CHARACTERISTICS                        
Loan ID Footnotes Property
Flag
Deal Name   No. of
Properties
General Property Type Detailed Property Type Title Type(5)(6) Ground Lease
Initial Lease
Expiration Date(5)
Address City County State Zip Code Year Built Year Renovated Net Rentable Area
SF/Units/
Rooms/Pads(6)
Units of
Measure
Occupancy
Rate(7)
Occupancy Rate
As-of Date
Appraised
Value
Appraisal As-of Date  
11.72   Property 631 Parkhill Street   1 Multifamily Student Housing     631 Parkhill Street Bethlehem Northampton PA 18015     2 Beds          
11.73   Property 442-444 Pierce Street   1 Multifamily Student Housing     442-444 Pierce Street Bethlehem Northampton PA 18015     14 Beds          
12   Loan Hilton Garden Inn Albuquerque Uptown   1 Hotel Select Service Fee NAP 6510 America’s Parkway Albuquerque Bernalillo NM 87110 2008 2016-2017 149 Rooms 80.3% 5/31/2018 $25,000,000 6/1/2018  
13   Loan Tri-City Center   1 Retail Anchored Fee NAP 835-891 East Harriman Place San Bernardino San Bernardino CA 92408 1987 NAP 151,709 Square Feet 98.4% 6/30/2018 $21,000,000 4/20/2018  
14   Loan Galveston Hotel Portfolio   2 Hotel Various Fee NAP Various Galveston Galveston TX 77554 2013 NAP 173 Rooms 80.9% 5/31/2018 $24,200,000 5/16/2018  
14.01   Property Courtyard Galveston   1 Hotel Select Service Fee NAP 9550 Seawall Boulevard Galveston Galveston TX 77554 2013 NAP 85 Rooms 79.7% 5/31/2018      
14.02   Property TownePlace Suites Galveston   1 Hotel Extended Stay Fee NAP 9540 Seawall Boulevard Galveston Galveston TX 77554 2013 NAP 88 Rooms 82.2% 5/31/2018      
15   Loan Shoreline Apartments   1 Multifamily Garden Fee NAP 9601 East 21st Place Tulsa Tulsa OK 74129 1974 2017 464 Units 93.3% 5/14/2018 $19,000,000 5/10/2018  
16   Loan Brookwood Village   1 Multifamily Garden Fee NAP 5100 Clubhouse Drive Erie Erie PA 16509 1996-1999 NAP 144 Units 93.1% 6/26/2018 $17,700,000 5/4/2018  
17   Loan Aloft Columbia Downtown   1 Hotel Select Service Fee NAP 823 Lady Street Columbia Richland SC 29201 2017 NAP 107 Rooms 72.0% 4/30/2018 $19,700,000 5/8/2018  
18   Loan Hampton Inn & Suites Burlington   1 Hotel Limited Service Fee NAP 2935 Saconn Drive Burlington Alamance NC 27215 2006 2017 92 Rooms 78.9% 4/30/2018 $15,700,000 3/28/2018  
19   Loan Baldwin Square Shopping Center   1 Retail Anchored Leasehold 6/27/2112 111, 136-139, 160, 175-199 Baldwin Square Fairhope Baldwin AL 36532 1981 2017 141,370 Square Feet 100.0% 5/29/2018 $15,200,000 4/19/2018  
20   Loan Indian Run Apartments   1 Multifamily Garden Fee NAP 104 Cocelli Drive Bridgeton Cumberland NJ 08302 1963 NAP 160 Units 96.3% 5/3/2018 $15,100,000 5/3/2018  
21   Loan Studio School NYC   1 Other School Fee NAP 115-117 West 95th Street New York New York NY 10025 1900 2007 11,332 Square Feet 100.0% 8/6/2018 $15,000,000 7/3/2018  
22   Loan Pompano Beach Plaza   1 Retail Unanchored Fee NAP 1400 South Powerline Road Pompano Beach Broward FL 33069 1987 2016 46,034 Square Feet 94.7% 5/1/2018 $11,500,000 6/1/2018  
23   Loan Shoppes at Sanford   1 Retail Shadow Anchored Fee NAP 3218-3294 NC Highway 87 South Sanford Lee NC 27332 2007 NAP 50,300 Square Feet 92.0% 5/3/2018 $10,850,000 4/23/2018  
24   Loan Gateway Station   1 Retail Anchored Fee NAP 12850 South Freeway Fort Worth Tarrant TX 76028 2008, 2016 NAP 81,095 Square Feet 95.0% 7/9/2018 $12,070,000 6/20/2018  
25   Loan Town Center Plaza   1 Office Suburban Fee NAP 9400 Grogan Mill Road The Woodlands Montgomery TX 77380 2001 2014 30,343 Square Feet 80.9% 5/30/2018 $11,000,000 5/25/2018  
26   Loan East Towne Green Bay   1 Retail Shadow Anchored Fee NAP 2280 East Mason Street Green Bay Brown WI 54302 1983 2017 67,471 Square Feet 91.1% 4/9/2018 $10,420,000 2/15/2018  
27   Loan Orlando Airport Marriott Lakeside   1 Hotel Full Service Fee NAP 7499 Augusta National Drive Orlando Orange FL 32822 1983 2016-2018 485 Rooms 73.3% 3/31/2018 $103,100,000 4/5/2018  
28   Loan Hyatt Place Santa Fe   1 Hotel Select Service Fee NAP 4320 Cerrillos Road Santa Fe Santa Fe NM 87507 2010 NAP 92 Rooms 82.9% 5/31/2018 $8,300,000 6/1/2018  
29   Loan Broughton Street Collection   1 Mixed Use Retail/Office Fee NAP 101, 103 & 301 West & 125 East Broughton Street Savannah Chatham GA 31401 1897-1945 2015-2017 19,083 Square Feet 80.7% 11/2/2017 $10,490,000 6/15/2018  
30   Loan Ocean Breeze   1 Multifamily Low-Rise Fee NAP 1021-1132 North Wimington Boulevard Los Angeles Los Angeles CA 90744 1961, 1987 NAP 70 Units 91.4% 5/31/2018 $10,350,000 6/7/2018  
31   Loan Candlewood Suites Boise Meridian   1 Hotel Extended Stay Fee NAP 1855 South Silverstone Way Meridian Ada ID 83642 2006 2015 121 Rooms 70.1% 1/31/2018 $13,400,000 3/15/2018  
32   Loan Torrance Technology Campus   1 Office R&D Fee NAP 3100 Lomita Boulevard Torrance Los Angeles CA 90505 1966-1998 2017 575,976 Square Feet 90.9% 4/30/2018 $131,250,000 4/30/2018  
33   Loan Dayton Medical Office Portfolio   3 Office Medical Fee NAP Various Various Various OH Various Various Various 38,496 Square Feet 92.4% 7/12/2018 $7,200,000 5/22/2018  
33.01   Property Dover Medical Center   1 Office Medical Fee NAP 5300 Far Hills Avenue Dayton Montgomery OH 45429 1985 2010, 2015, 2018 22,996 Square Feet 100.0% 7/12/2018 $3,300,000 5/22/2018  
33.02   Property Mason Clinic   1 Office Medical Fee NAP 6110 Radio Way Mason Warren OH 45040 2012 NAP 9,000 Square Feet 67.4% 7/12/2018 $2,600,000 5/22/2018  
33.03   Property Paragon Lab   1 Office Medical Fee NAP 7835 Paragon Road Dayton Montgomery OH 45459 1999 NAP 6,500 Square Feet 100.0% 7/12/2018 $1,300,000 5/22/2018  
34   Loan Kosmo Village MHC   1 Manufactured Housing Manufactured Housing Fee NAP 11197 Washington Highway Glen Allen Hanover VA 23059 1960 NAP 119 Pads 94.1% 6/1/2018 $6,000,000 4/13/2018  
35   Loan Country Inn & Suites Buford   1 Hotel Limited Service Fee NAP 1395 Mall of Georgia Boulevard Buford Gwinnett GA 30519 2002 NAP 77 Rooms 55.5% 1/31/2018 $7,500,000 3/25/2018  
36   Loan Red Roof PLUS+ Poughkeepsie   1 Hotel Limited Service Fee & Leasehold NAP 2349 South Road Poughkeepsie Dutchess NY 12601 1967 2015 61 Rooms 62.0% 5/31/2018 $5,700,000 4/26/2018  
37   Loan The Meadows   1 Multifamily Low-Rise Fee NAP 14026 Paramount Boulevard Los Angeles Los Angeles CA 90723 1964 NAP 26 Units 100.0% 5/31/2018 $6,500,000 6/7/2018  
38   Loan Summit Point   1 Office Suburban Fee NAP 2512 South IH-35 Austin Travis TX 78704 1983 2015 24,369 Square Feet 100.0% 5/1/2018 $4,400,000 3/8/2018  
39   Loan Casa Brae   1 Multifamily Low-Rise Fee NAP 815 South Bonnie Brae Street Los Angeles Los Angeles CA 90057 1972 NAP 28 Units 100.0% 5/31/2018 $4,250,000 6/6/2018  
40   Loan China Gate   1 Multifamily Low-Rise Fee NAP 236 & 254 South Avenue 24 and 2413 Manitou Avenue Los Angeles Los Angeles CA 90031 1986, 1987 NAP 18 Units 100.0% 5/31/2018 $4,300,000 6/6/2018  
41   Loan Napa Auto   1 Retail Single Tenant Fee NAP 1535 Mansell Road Alpharetta Fulton GA 30009 1994 NAP 10,703 Square Feet 100.0% 8/1/2018 $1,575,000 4/4/2018  

 

A-1-4

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN CHARACTERISTICS                                      
Loan ID Footnotes Property
Flag
Deal Name Interest Rate % Admin
Fee Rate %(8)
Net Mortage Rate % Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original Interest-Only
Period (mos.)
Remaining Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
ARD Loan
Stated Maturity Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
Annual Debt
Service
(P&I)
Annual Debt
Service
(IO)
Lockbox Type(9) Cash Management Status Crossed With
Other Loans
Related-Borrower Loans UW NOI
DSCR (P&I)(10)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)(10)
1   Loan 20 Times Square 3.1080% 0.01719% 3.09081% Actual/360 3 No 60 57 60 57 0 0 4/27/2018 6/5/2018 NAP 5/5/2023 5/5/2023 NAP $168,062.22 NAP $2,016,747 Hard In Place No No NAP 3.65x NAP
2   Loan Hilton Clearwater Beach Resort & Spa 5.1300% 0.01844% 5.11156% Actual/360 5 No 120 115 0 0 360 355 2/9/2018 4/6/2018 NAP 3/6/2028 3/6/2028 $343,220.63 NAP $4,118,648 NAP Hard In Place No Group - A 1.86x NAP 1.67x
3   Loan Aventura Mall 4.1213% 0.01719% 4.10406% Actual/360 1 No 120 119 120 119 0 0 6/7/2018 8/1/2018 NAP 7/1/2028 7/1/2028 NAP $174,103.73 NAP $2,089,245 Hard Springing No No NAP 2.63x NAP
4 (24) Loan Riverfront Plaza 5.0659% 0.01719% 5.04876% Actual/360 3 No 120 117 0 0 360 357 5/4/2018 6/5/2018 NAP 5/5/2028 5/5/2028 $241,052.82 NAP $2,892,634 NAP Hard In Place No No 1.58x NAP 1.49x
5 (25) Loan Queens Place 4.5187% 0.01844% 4.50026% Actual/360 3 No 120 117 120 117 0 0 4/12/2018 6/5/2018 NAP 5/5/2028 5/5/2028 NAP $160,351.20 NAP $1,924,214 Hard In Place No No NAP 3.80x NAP
6   Loan SIXTY Hotel Beverly Hills 4.8000% 0.01844% 4.78156% Actual/360 12 No 60 48 60 48 0 0 7/21/2017 9/5/2017 NAP 8/5/2022 8/5/2022 NAP $162,222.22 NAP $1,946,667 Hard Springing No No NAP 2.69x NAP
7   Loan Lakewood Plaza 5.3200% 0.01844% 5.30156% Actual/360 0 No 120 120 120 120 0 0 7/12/2018 9/6/2018 NAP 8/6/2028 8/6/2028 NAP $171,795.36 NAP $2,061,544 Springing Springing No No NAP 1.57x NAP
8   Loan Sahara Center 4.3660% 0.01844% 4.34756% Actual/360 3 No 120 117 120 117 0 0 4/6/2018 6/5/2018 NAP 5/5/2028 5/5/2028 NAP $136,488.03 NAP $1,637,856 Hard Springing No No NAP 2.33x NAP
9   Loan Midway Station 4.9420% 0.01844% 4.92356% Actual/360 0 No 120 120 24 24 360 360 7/10/2018 9/6/2018 9/6/2020 8/6/2028 8/6/2028 $145,186.16 $113,678.87 $1,742,234 $1,364,146 Soft Springing No No 1.49x 1.91x 1.46x
10   Loan Conway Commons 4.6900% 0.01844% 4.67156% Actual/360 0 No 120 120 60 60 360 360 7/17/2018 9/6/2018 9/6/2023 8/6/2028 8/6/2028 $103,607.39 $79,252.31 $1,243,289 $951,028 Springing Springing No No 1.62x 2.12x 1.54x
11 (26) Loan Campus Hill Apartments 5.3310% 0.01844% 5.31256% Actual/360 2 No 60 58 24 22 360 360 6/1/2018 7/5/2018 7/5/2020 6/5/2023 6/5/2023 $108,403.78 $87,624.73 $1,300,845 $1,051,497 Springing Springing No No 1.66x 2.05x 1.60x
11.01   Property 302 Summit Street                                                        
11.02   Property 306 Summit Street                                                        
11.03   Property 308 Summit Street                                                        
11.04   Property 214 Warren Square                                                        
11.05   Property 424 Birkel Avenue                                                        
11.06   Property 426 Birkel Avenue                                                        
11.07   Property 428 Birkel Avenue                                                        
11.08   Property 438 Birkel Avenue                                                        
11.09   Property 440 Birkel Avenue                                                        
11.10   Property 462 Birkel Avenue                                                        
11.11   Property 109 East Morton Street                                                        
11.12   Property 410 South New Street                                                        
11.13   Property 412 South New Street                                                        
11.14   Property 414 South New Street                                                        
11.15   Property 416 South New Street                                                        
11.16   Property 418 South New Street                                                        
11.17   Property 420 South New Street                                                        
11.18   Property 6 West 4th Street A1                                                        
11.19   Property 6 West 4th Street A2                                                        
11.20   Property 6 West 4th Street A3                                                        
11.21   Property 6 West 4th Street A6                                                        
11.22   Property 6 West 4th Street A7                                                        
11.23   Property 6 West 4th Street A8                                                        
11.24   Property 102 East 4th Street                                                        
11.25   Property 328 Adams Street                                                        
11.26   Property 233 Fifth Street                                                        
11.27   Property 429 Webster Street                                                        
11.28   Property 443 Webster Street                                                        
11.29   Property 451 Webster Street                                                        
11.30   Property 220 East 5th Street                                                        
11.31   Property 223 East 5th Street                                                        
11.32   Property 226 East 5th Street                                                        
11.33   Property 227 East 5th Street                                                        
11.34   Property 229 East 5th Street                                                        
11.35   Property 231 East 5th Street                                                        
11.36   Property 305 East 5th Street                                                        
11.37   Property 307 East 5th Street                                                        
11.38   Property 308 East 5th Street                                                        
11.39   Property 309 East 5th Street                                                        
11.40   Property 312 East 5th Street                                                        
11.41   Property 315 East 5th Street                                                        
11.42   Property 325 East 5th Street                                                        
11.43   Property 421 East 5th Street                                                        
11.44   Property 510 East 5th Street                                                        
11.45   Property 515 East 5th Street                                                        
11.46   Property 517 East 5th Street                                                        
11.47   Property 519 East 5th Street                                                        
11.48   Property 521 East 5th Street                                                        
11.49   Property 523 East 5th Street                                                        
11.50   Property 518 Polk Street                                                        
11.51   Property 511 Fillmore Street                                                        
11.52   Property 523 Fillmore Street                                                        
11.53   Property 548 Hillside Avenue                                                        
11.54   Property 552 Hillside Avenue                                                        
11.55   Property 554 Hillside Avenue                                                        
11.56   Property 556 Hillside Avenue                                                        
11.57   Property 556.5 Hillside Avenue                                                        
11.58   Property 557-559 Hillside Avenue                                                        
11.59   Property 558 Hillside Avenue                                                        
11.60   Property 561 Hillside Avenue                                                        
11.61   Property 564 Hillside Avenue                                                        
11.62   Property 566 Hillside Avenue                                                        
11.63   Property 618 Hillside Avenue                                                        
11.64   Property 619 Hillside Avenue                                                        
11.65   Property 625 Hillside Avenue                                                        
11.66   Property 506-512 Thomas Street                                                        
11.67   Property 519 Thomas Street                                                        
11.68   Property 532 Thomas Street                                                        
11.69   Property 622 Pierce Street                                                        
11.70   Property 624 Pierce Street                                                        
11.71   Property 632 Pierce Street                                                        

 

A-1-5

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN CHARACTERISTICS                                      
Loan ID Footnotes Property
Flag
Deal Name Interest Rate % Admin
Fee Rate %(8)
Net Mortage Rate % Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original Interest-Only
Period (mos.)
Remaining Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
ARD Loan
Stated Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
Annual Debt
Service
(P&I)
Annual Debt
Service
(IO)
Lockbox Type(9) Cash Management Status Crossed With
Other Loans
Related-Borrower Loans UW NOI
DSCR (P&I)(10)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)(10)
11.72   Property 631 Parkhill Street                                                        
11.73   Property 442-444 Pierce Street                                                        
12   Loan Hilton Garden Inn Albuquerque Uptown 5.2650% 0.01844% 5.24656% Actual/360 0 No 120 120 12 12 360 360 7/24/2018 9/6/2018 9/6/2019 8/6/2028 8/6/2028 $95,138.90 $76,513.13 $1,141,667 $918,158 Springing Springing No Group - B 1.96x 2.44x 1.77x
13   Loan Tri-City Center 4.8300% 0.01844% 4.81156% Actual/360 1 No 120 119 12 11 360 360 6/22/2018 8/6/2018 8/6/2019 7/6/2028 7/6/2028 $81,439.91 $63,126.46 $977,279 $757,518 Hard Springing No No 1.64x 2.12x 1.46x
14   Loan Galveston Hotel Portfolio 5.5500% 0.01844% 5.53156% Actual/360 0 No 120 120 0 0 360 360 7/16/2018 9/6/2018 NAP 8/6/2028 8/6/2028 $82,784.86 NAP $993,418 NAP Hard Springing No No 1.85x NAP 1.59x
14.01   Property Courtyard Galveston                                                   1.85x NAP 1.59x
14.02   Property TownePlace Suites Galveston                                                   1.85x NAP 1.59x
15   Loan Shoreline Apartments 5.0400% 0.01844% 5.02156% Actual/360 1 No 120 119 60 59 360 360 6/7/2018 8/6/2018 8/6/2023 7/6/2028 7/6/2028 $76,036.92 $60,042.50 $912,443 $720,510 Springing Springing No No 1.58x 2.00x 1.42x
16   Loan Brookwood Village 5.1200% 0.01844% 5.10156% Actual/360 0 No 120 120 24 24 360 360 7/12/2018 9/6/2018 9/6/2020 8/6/2028 8/6/2028 $69,981.47 $55,631.41 $839,778 $667,577 Soft Springing No No 1.41x 1.77x 1.35x
17   Loan Aloft Columbia Downtown 5.2700% 0.01844% 5.25156% Actual/360 1 No 120 119 12 11 300 300 6/15/2018 8/6/2018 8/6/2019 7/6/2028 7/6/2028 $72,051.39 $53,431.94 $864,617 $641,183 Hard Springing No No 1.87x 2.52x 1.66x
18   Loan Hampton Inn & Suites Burlington 5.4900% 0.01844% 5.47156% Actual/360 3 No 60 57 0 0 360 357 5/1/2018 6/1/2018 NAP 5/1/2023 5/1/2023 $57,878.86 NAP $694,546 NAP Springing Springing No No 2.18x NAP 1.99x
19   Loan Baldwin Square Shopping Center 5.2450% 0.01844% 5.22656% Actual/360 0 No 120 120 0 0 360 360 7/20/2018 9/6/2018 NAP 8/6/2028 8/6/2028 $54,361.56 NAP $652,339 NAP Springing Springing No No 1.64x NAP 1.49x
20   Loan Indian Run Apartments 4.9550% 0.01844% 4.93656% Actual/360 0 No 120 120 120 120 0 0 7/20/2018 9/6/2018 NAP 8/6/2028 8/6/2028 NAP $38,934.60 NAP $467,215 Springing Springing No No NAP 1.88x NAP
21   Loan Studio School NYC 5.9400% 0.01844% 5.92156% Actual/360 0 No 120 120 120 120 0 0 7/24/2018 9/6/2018 NAP 8/6/2028 8/6/2028 NAP $46,423.44 NAP $557,081 Hard Springing No No NAP 1.36x NAP
22   Loan Pompano Beach Plaza 5.2500% 0.01844% 5.23156% Actual/360 0 No 120 120 12 12 360 360 7/9/2018 9/6/2018 9/6/2019 8/6/2028 8/6/2028 $46,937.31 $37,703.99 $563,248 $452,448 Hard Springing No No 1.45x 1.81x 1.36x
23   Loan Shoppes at Sanford 5.2000% 0.01844% 5.18156% Actual/360 2 No 120 118 0 0 360 358 5/7/2018 7/5/2018 NAP 6/5/2028 6/5/2028 $44,683.90 NAP $536,207 NAP Springing Springing No No 1.57x NAP 1.46x
24   Loan Gateway Station 5.0100% 0.01844% 4.99156% Actual/360 0 No 120 120 60 60 360 360 7/23/2018 9/6/2018 9/6/2023 8/6/2028 8/6/2028 $41,046.44 $32,329.43 $492,557 $387,953 Springing Springing No No 1.89x 2.40x 1.70x
25   Loan Town Center Plaza 4.9250% 0.01844% 4.90656% Actual/360 1 No 120 119 0 0 360 359 6/26/2018 8/6/2018 NAP 7/6/2028 7/6/2028 $39,918.55 NAP $479,023 NAP Springing Springing No No 1.55x NAP 1.50x
26   Loan East Towne Green Bay 5.3770% 0.01844% 5.35856% Actual/360 2 No 120 118 0 0 360 358 5/21/2018 7/6/2018 NAP 6/6/2028 6/6/2028 $39,206.72 NAP $470,481 NAP Hard Springing No No 1.57x NAP 1.40x
27   Loan Orlando Airport Marriott Lakeside 5.2010% 0.01719% 5.18381% Actual/360 2 No 120 118 0 0 312 310 5/15/2018 7/6/2018 NAP 6/6/2028 6/6/2028 $40,966.32 NAP $491,596 NAP Hard Springing No Group - A 1.96x NAP 1.68x
28   Loan Hyatt Place Santa Fe 5.3650% 0.01844% 5.34656% Actual/360 0 No 120 120 12 12 360 360 7/24/2018 9/6/2018 9/6/2019 8/6/2028 8/6/2028 $32,162.51 $26,064.34 $385,950 $312,772 Springing Springing No Group - B 2.00x 2.47x 1.70x
29   Loan Broughton Street Collection 4.8550% 0.01844% 4.83656% Actual/360 1 No 120 119 120 119 0 0 6/8/2018 8/6/2018 NAP 7/6/2028 7/6/2028 NAP $23,381.55 NAP $280,579 NAP NAP No No NAP 1.95x NAP
30   Loan Ocean Breeze 4.9130% 0.01844% 4.89456% Actual/360 0 No 120 120 120 120 0 0 7/18/2018 9/5/2018 NAP 8/5/2028 8/5/2028 NAP $22,535.94 NAP $270,431 Springing Springing No Group - C NAP 1.90x NAP
31   Loan Candlewood Suites Boise Meridian 5.7500% 0.01844% 5.73156% Actual/360 2 No 120 118 0 0 360 358 5/17/2018 7/5/2018 NAP 6/5/2028 6/5/2028 $30,929.36 NAP $371,152 NAP Hard Springing No No 2.75x NAP 2.47x
32   Loan Torrance Technology Campus 4.4200% 0.01719% 4.40281% Actual/360 2 No 120 118 120 118 0 0 6/5/2018 7/6/2018 NAP 6/6/2028 6/6/2028 NAP $18,672.45 NAP $224,069 Hard Springing No No NAP 2.30x NAP
33   Loan Dayton Medical Office Portfolio 5.1400% 0.01844% 5.12156% Actual/360 0 No 120 120 0 0 360 360 7/20/2018 9/1/2018 NAP 8/1/2028 8/1/2028 $23,616.27 NAP $283,395 NAP Hard Springing No No 1.71x NAP 1.54x
33.01   Property Dover Medical Center                                                   1.71x NAP 1.54x
33.02   Property Mason Clinic                                                   1.71x NAP 1.54x
33.03   Property Paragon Lab                                                   1.71x NAP 1.54x
34   Loan Kosmo Village MHC 5.3300% 0.01844% 5.31156% Actual/360 1 No 120 119 24 23 360 360 7/9/2018 8/6/2018 8/6/2020 7/6/2028 7/6/2028 $23,735.40 $19,184.30 $284,825 $230,212 Springing Springing No No 1.38x 1.71x 1.36x
35   Loan Country Inn & Suites Buford 5.9900% 0.01844% 5.97156% Actual/360 2 No 120 118 0 0 300 298 5/11/2018 7/5/2018 NAP 6/5/2028 6/5/2028 $26,391.30 NAP $316,696 NAP Hard Springing No No 1.99x NAP 1.79x
36   Loan Red Roof PLUS+ Poughkeepsie 5.7300% 0.01844% 5.71156% Actual/360 0 No 120 120 0 0 300 300 7/17/2018 9/6/2018 NAP 8/6/2028 8/6/2028 $21,976.44 NAP $263,717 NAP Springing Springing No No 2.08x NAP 1.88x
37   Loan The Meadows 4.9130% 0.01844% 4.89456% Actual/360 0 No 120 120 120 120 0 0 7/18/2018 9/5/2018 NAP 8/5/2028 8/5/2028 NAP $13,885.20 NAP $166,622 Springing Springing No Group - C NAP 1.98x NAP
38   Loan Summit Point 5.6240% 0.01844% 5.60556% Actual/360 2 No 120 118 0 0 360 358 5/17/2018 7/5/2018 NAP 6/5/2028 6/5/2028 $18,457.95 NAP $221,495 NAP Hard Springing No No 1.49x NAP 1.36x
39   Loan Casa Brae 4.9130% 0.01844% 4.89456% Actual/360 0 No 120 120 120 120 0 0 7/18/2018 9/5/2018 NAP 8/5/2028 8/5/2028 NAP $10,535.31 NAP $126,424 Springing Springing No Group - C NAP 1.91x NAP
40   Loan China Gate 4.9130% 0.01844% 4.89456% Actual/360 0 No 120 120 120 120 0 0 7/18/2018 9/5/2018 NAP 8/5/2028 8/5/2028 NAP $9,912.66 NAP $118,952 Springing Springing No Group - C NAP 1.89x NAP
41   Loan Napa Auto 6.4500% 0.01844% 6.43156% Actual/360 2 No 120 118 0 0 360 358 5/23/2018 7/5/2018 NAP 6/5/2028 6/5/2028 $6,287.83 NAP $75,454 NAP Springing Springing No No 1.25x NAP 1.20x

 

A-1-6

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN CHARACTERISTICS    MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14)                  
Loan ID Footnotes Property
Flag
Deal Name UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio(11)
Maturity Date LTV Ratio(11) Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Due Date Prepayment Provisions
(No. of Payments)(12)(13)
  Third Most
Recent Revenues
Third Most
Recent Expenses
Third Most
Recent NOI
Third
Most Recent
NOI Date
Third Most
Recent NOI
Debt Yield
Second Most
 Recent Revenues
Second Most
 Recent Expenses
Second Most
 Recent NOI
Second
Most Recent
NOI Date
Second Most
Recent NOI
Debt Yield
Most
 Recent Revenues
Most
 Recent Expenses
Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
UW
Occupancy
UW Revenues UW
Expenses
1   Loan 20 Times Square 3.65x 16.2% 16.2% 0 0 5 L(27), Def(30), O(3)   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP $30,443,635 $0
2   Loan Hilton Clearwater Beach Resort & Spa NAP 66.5% 55.2% 0 0 6 L(29), Def(86), O(5)   $34,737,132 $21,627,840 $13,109,292 12/31/2016 9.9% $40,492,814 $24,612,557 $15,880,257 12/31/2017 12.0% $40,841,352 $24,617,013 $16,224,339 T12 3/31/2018 12.3% 72.0% $40,841,352 $24,688,298
3   Loan Aventura Mall 2.58x 40.8% 40.8% 0 0 1 L(25), Def(88), O(7)   $139,956,585 $29,303,182 $110,653,403 12/31/2016 7.9% $145,286,882 $30,046,320 $115,240,562 12/31/2017 8.2% $149,776,330 $31,484,933 $118,291,397 T12 3/31/2018 8.4% 92.9% $185,479,647 $30,620,668
4 (24) Loan Riverfront Plaza NAP 72.5% 61.4% 0 0 5 L(27), Def or YM1(89), O(4)   $19,087,328 $8,714,695 $10,372,633 12/31/2016 7.1% $18,397,856 $8,276,354 $10,121,502 12/31/2017 7.0% $18,661,328 $8,267,688 $10,393,640 T12 1/31/2018 7.1% 86.2% $22,503,174 $7,997,506
5 (25) Loan Queens Place 3.61x 23.3% 23.3% 5 0 5 L(27), Def or YM1(90), O(3)   $12,187,763 $4,662,055 $7,525,708 12/31/2015 17.9% $11,403,191 $3,424,210 $7,978,981 12/31/2016 19.0% $12,288,718 $4,329,390 $7,959,328 T12 12/31/2017 19.0% 93.7% $12,404,172 $5,093,820
6   Loan SIXTY Hotel Beverly Hills 2.42x 47.1% 47.1% 0 0 5 L(36), Def(21), O(3)   $11,849,482 $8,148,984 $3,700,498 12/31/2016 9.3% $12,379,683 $7,921,759 $4,457,924 12/31/2017 11.1% $12,968,568 $8,143,226 $4,825,342 T12 3/31/2018 12.1% 86.8% $12,968,568 $7,731,683
7   Loan Lakewood Plaza 1.50x 66.5% 66.5% 0 0 6 L(24), Def(91), O(5)   $4,371,665 $1,323,092 $3,048,573 12/31/2016 8.0% $4,534,778 $1,490,536 $3,044,243 12/31/2017 8.0% $4,494,675 $1,414,854 $3,079,822 T12 4/30/2018 8.1% 94.0% $4,623,198 $1,380,788
8   Loan Sahara Center 2.21x 58.9% 58.9% 0 0 5 L(27), Def or YM1(90), O(3)   $3,229,656 $926,182 $2,303,474 12/31/2016 6.2% $3,671,968 $1,024,183 $2,647,786 12/31/2017 7.2% $3,941,785 $1,042,948 $2,898,837 T12 3/31/2018 7.8% 89.7% $4,926,066 $1,113,761
9   Loan Midway Station 1.87x 72.6% 62.7% 0 0 6 L(35), Def(81), O(4)   $3,189,755 $1,471,156 $1,718,599 12/31/2016 6.3% $3,402,923 $1,311,334 $2,091,589 12/31/2017 7.7% $3,638,215 $1,272,644 $2,365,571 T12 6/30/2018 8.7% 94.1% $4,046,316 $1,445,506
10   Loan Conway Commons 2.01x 58.7% 53.8% 0 0 6 L(23), YM1(93), O(4)   $5,507,829 $795,541 $4,712,288 12/31/2016 10.0% $5,749,066 $903,213 $4,845,853 12/31/2017 10.3% $5,684,671 $889,542 $4,795,129 T12 5/31/2018 10.1% 95.0% $5,615,437 $855,197
11 (26) Loan Campus Hill Apartments 1.98x 61.4% 58.8% 0 0 5 L(26), Def(31), O(3)   $3,346,823 $1,282,661 $2,064,162 12/31/2016 10.6% $3,427,721 $1,271,108 $2,156,613 12/31/2017 11.1% $3,476,693 $1,286,877 $2,189,817 T12 4/30/2018 11.3% 95.0% $3,543,194 $1,382,804
11.01   Property 302 Summit Street                                                    
11.02   Property 306 Summit Street                                                    
11.03   Property 308 Summit Street                                                    
11.04   Property 214 Warren Square                                                    
11.05   Property 424 Birkel Avenue                                                    
11.06   Property 426 Birkel Avenue                                                    
11.07   Property 428 Birkel Avenue                                                    
11.08   Property 438 Birkel Avenue                                                    
11.09   Property 440 Birkel Avenue                                                    
11.10   Property 462 Birkel Avenue                                                    
11.11   Property 109 East Morton Street                                                    
11.12   Property 410 South New Street                                                    
11.13   Property 412 South New Street                                                    
11.14   Property 414 South New Street                                                    
11.15   Property 416 South New Street                                                    
11.16   Property 418 South New Street                                                    
11.17   Property 420 South New Street                                                    
11.18   Property 6 West 4th Street A1                                                    
11.19   Property 6 West 4th Street A2                                                    
11.20   Property 6 West 4th Street A3                                                    
11.21   Property 6 West 4th Street A6                                                    
11.22   Property 6 West 4th Street A7                                                    
11.23   Property 6 West 4th Street A8                                                    
11.24   Property 102 East 4th Street                                                    
11.25   Property 328 Adams Street                                                    
11.26   Property 233 Fifth Street                                                    
11.27   Property 429 Webster Street                                                    
11.28   Property 443 Webster Street                                                    
11.29   Property 451 Webster Street                                                    
11.30   Property 220 East 5th Street                                                    
11.31   Property 223 East 5th Street                                                    
11.32   Property 226 East 5th Street                                                    
11.33   Property 227 East 5th Street                                                    
11.34   Property 229 East 5th Street                                                    
11.35   Property 231 East 5th Street                                                    
11.36   Property 305 East 5th Street                                                    
11.37   Property 307 East 5th Street                                                    
11.38   Property 308 East 5th Street                                                    
11.39   Property 309 East 5th Street                                                    
11.40   Property 312 East 5th Street                                                    
11.41   Property 315 East 5th Street                                                    
11.42   Property 325 East 5th Street                                                    
11.43   Property 421 East 5th Street                                                    
11.44   Property 510 East 5th Street                                                    
11.45   Property 515 East 5th Street                                                    
11.46   Property 517 East 5th Street                                                    
11.47   Property 519 East 5th Street                                                    
11.48   Property 521 East 5th Street                                                    
11.49   Property 523 East 5th Street                                                    
11.50   Property 518 Polk Street                                                    
11.51   Property 511 Fillmore Street                                                    
11.52   Property 523 Fillmore Street                                                    
11.53   Property 548 Hillside Avenue                                                    
11.54   Property 552 Hillside Avenue                                                    
11.55   Property 554 Hillside Avenue                                                    
11.56   Property 556 Hillside Avenue                                                    
11.57   Property 556.5 Hillside Avenue                                                    
11.58   Property 557-559 Hillside Avenue                                                    
11.59   Property 558 Hillside Avenue                                                    
11.60   Property 561 Hillside Avenue                                                    
11.61   Property 564 Hillside Avenue                                                    
11.62   Property 566 Hillside Avenue                                                    
11.63   Property 618 Hillside Avenue                                                    
11.64   Property 619 Hillside Avenue                                                    
11.65   Property 625 Hillside Avenue                                                    
11.66   Property 506-512 Thomas Street                                                    
11.67   Property 519 Thomas Street                                                    
11.68   Property 532 Thomas Street                                                    
11.69   Property 622 Pierce Street                                                    
11.70   Property 624 Pierce Street                                                    
11.71   Property 632 Pierce Street                                                    

 

A-1-7

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN CHARACTERISTICS     MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14)                          
Loan ID Footnotes Property
Flag
Deal Name UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio(11)
Maturity Date LTV Ratio(11) Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Due Date Prepayment Provisions
(No. of Payments)(12)(13)
  Third Most
Recent Revenues
Third Most
Recent Expenses
Third Most
Recent NOI
Third
Most Recent
NOI Date
Third Most
Recent NOI
Debt Yield
Second Most
 Recent Revenues
Second Most
 Recent Expenses
Second Most
 Recent NOI
Second
Most Recent
NOI Date
Second Most
Recent NOI
Debt Yield
Most
 Recent Revenues
Most
 Recent Expenses
Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
UW
Occupancy
UW Revenues UW
Expenses
11.72   Property 631 Parkhill Street                                                    
11.73   Property 442-444 Pierce Street                                                    
12   Loan Hilton Garden Inn Albuquerque Uptown 2.20x 68.8% 58.5% 0 0 6 L(24), Def(92), O(4)   $5,244,197 $3,221,070 $2,023,127 12/31/2016 11.8% $5,711,750 $3,410,137 $2,301,613 12/31/2017 13.4% $5,615,249 $3,396,564 $2,218,685 T12 5/31/2018 12.9% 80.3% $5,615,249 $3,373,684
13   Loan Tri-City Center 1.88x 73.7% 61.9% 0 0 6 L(25), Def(90), O(5)   $1,972,054 $502,047 $1,470,007 12/31/2016 9.5% $2,135,588 $466,422 $1,669,166 12/31/2017 10.8% $2,146,304 $458,685 $1,687,619 T12 3/31/2018 10.9% 95.0% $2,184,188 $576,886
14   Loan Galveston Hotel Portfolio NAP 59.9% 50.1% 0 0 6 L(24), Def(92), O(4)   $5,888,028 $4,326,626 $1,561,402 12/31/2016 10.8% $6,534,472 $4,653,576 $1,880,897 12/31/2017 13.0% $6,700,575 $4,694,636 $2,005,939 T12 5/31/2018 13.8% 78.2% $6,445,641 $4,607,004
14.01   Property Courtyard Galveston NAP 59.9% 50.1%           $3,275,201 $2,380,923 $894,278 12/31/2016 10.8% $3,543,991 $2,509,931 $1,034,060 12/31/2017 13.0% $3,532,913 $2,480,538 $1,052,375 T12 5/31/2018 13.8% 78.5% $3,487,362 $2,464,264
14.02   Property TownePlace Suites Galveston NAP 59.9% 50.1%           $2,612,827 $1,945,704 $667,124 12/31/2016 10.8% $2,990,482 $2,143,645 $846,837 12/31/2017 13.0% $3,167,662 $2,214,098 $953,564 T12 5/31/2018 13.8% 77.9% $2,958,279 $2,142,740
15   Loan Shoreline Apartments 1.80x 74.2% 68.5% 0 0 6 L(25), Def(91), O(4)   $2,982,790 $1,644,607 $1,338,183 12/31/2016 9.5% $2,914,975 $1,654,118 $1,260,857 12/31/2017 8.9% $2,990,204 $1,674,534 $1,315,670 T12 4/24/2018 9.3% 86.4% $3,086,723 $1,643,340
16   Loan Brookwood Village 1.70x 72.7% 63.1% 0 0 6 L(24), Def(93), O(3)   $1,933,066 $638,176 $1,294,890 12/31/2016 10.1% $1,934,422 $647,379 $1,287,043 12/31/2017 10.0% $1,900,250 $624,559 $1,275,691 T12 5/31/2018 9.9% 95.0% $1,880,341 $700,189
17   Loan Aloft Columbia Downtown 2.24x 60.9% 47.9% 0 0 6 L(25), Def(91), O(4)   N/A N/A N/A N/A NAP $4,110,552 $2,526,615 $1,583,937 Annualized-11 12/31/2017 13.2% $4,564,699 $2,467,646 $2,097,053 T12 4/30/2018 17.5% 72.0% $4,540,832 $2,925,012
18   Loan Hampton Inn & Suites Burlington NAP 64.8% 60.4% 5 4 1 L(27), Def(29), O(4)   $3,197,078 $1,772,509 $1,424,569 12/31/2016 14.0% $3,217,949 $1,811,900 $1,406,049 12/31/2017 13.8% $3,299,311 $1,804,786 $1,494,525 T12 4/30/2018 14.7% 78.9% $3,299,311 $1,785,653
19   Loan Baldwin Square Shopping Center NAP 64.8% 53.7% 0 0 6 L(24), YM1(93), O(3)   $1,186,151 $274,809 $911,342 12/31/2016 9.3% $1,191,175 $276,519 $914,655 12/31/2017 9.3% $1,229,052 $268,839 $960,213 T12 6/30/2018 9.7% 95.0% $1,362,709 $290,740
20   Loan Indian Run Apartments 1.78x 61.6% 61.6% 0 0 6 L(24), Def(92), O(4)   $1,595,566 $912,948 $682,617 12/31/2016 7.3% $1,708,904 $904,498 $804,405 12/31/2017 8.6% $1,755,254 $933,580 $821,674 T12 4/30/2018 8.8% 94.9% $1,755,255 $874,824
21   Loan Studio School NYC 1.36x 61.7% 61.7% 0 0 6 L(24), Def(92), O(4)   N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $786,268 $27,650
22   Loan Pompano Beach Plaza 1.69x 73.9% 62.9% 0 0 6 L(24), Def(92), O(4)   $686,175 $220,623 $465,553 12/31/2016 5.5% $878,945 $230,537 $648,408 12/31/2017 7.6% $975,046 $260,900 $714,146 T12 4/30/2018 8.4% 94.2% $1,199,828 $381,242
23   Loan Shoppes at Sanford NAP 74.8% 62.1% 0 0 5 L(26), Def(90), O(4)   $1,130,289 $251,874 $878,415 12/31/2016 10.8% $1,162,858 $267,280 $895,578 12/31/2017 11.0% $1,168,021 $270,270 $897,751 T12 2/28/2018 11.1% 90.5% $1,086,096 $245,455
24   Loan Gateway Station 2.16x 63.3% 58.4% 0 0 6 L(24), Def(92), O(4)   N/A N/A N/A N/A NAP $866,108 $382,928 $483,180 12/31/2017 6.3% $1,242,785 $433,505 $809,280 T12 5/31/2018 10.6% 92.2% $1,458,023 $528,409
25   Loan Town Center Plaza NAP 68.1% 55.9% 0 0 6 L(25), YM1(90), O(5)   $1,107,000 $353,827 $753,173 12/31/2016 10.1% $1,121,864 $380,289 $741,575 12/31/2017 9.9% $1,066,399 $357,638 $708,761 T12 5/31/2018 9.5% 81.2% $1,082,019 $338,724
26   Loan East Towne Green Bay NAP 67.0% 55.9% 0 0 6 L(26), Def(90), O(4)   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 93.1% $927,885 $188,329
27   Loan Orlando Airport Marriott Lakeside NAP 69.6% 53.8% 0 0 6 L(26), Def(90), O(4)   $26,528,322 $18,668,684 $7,859,638 12/31/2016 10.9% $27,114,706 $17,576,873 $9,537,833 12/31/2017 13.3% $27,590,790 $17,669,892 $9,920,898 T12 3/31/2018 13.8% 73.3% $27,590,790 $17,691,678
28   Loan Hyatt Place Santa Fe 2.10x 69.3% 59.1% 0 0 6 L(24), Def(92), O(4)   $2,755,877 $2,059,318 $696,559 12/31/2016 12.1% $2,809,004 $2,111,206 $697,798 12/31/2017 12.1% $2,916,067 $2,205,476 $710,591 T12 5/31/2018 12.4% 82.9% $2,916,067 $2,142,823
29   Loan Broughton Street Collection 1.86x 54.3% 54.3% 0 0 6 L(25), Def(92), O(3)   $370,821 $92,476 $278,345 12/31/2015 4.9% $475,965 $118,762 $357,203 12/31/2016 6.3% $1,027,881 $151,822 $876,059 T7 5/31/2018 15.4% 90.3% $744,635 $198,571
30   Loan Ocean Breeze 1.83x 52.5% 52.5% 0 0 5 L(24), Def(92), O(4)   $723,952 $295,079 $428,873 12/31/2016 7.9% $770,470 $284,417 $486,053 12/31/2017 9.0% $780,792 $289,439 $491,353 T12 6/14/2018 9.1% 95.0% $798,664 $284,593
31   Loan Candlewood Suites Boise Meridian NAP 39.5% 33.3% 0 0 5 L(26), Def(91), O(3)   $2,534,239 $1,534,413 $999,826 12/31/2016 18.9% $2,600,159 $1,598,088 $1,002,071 12/31/2017 18.9% $2,574,037 $1,611,398 $962,639 T12 1/31/2018 18.2% 69.7% $2,563,145 $1,543,403
32   Loan Torrance Technology Campus 2.27x 71.4% 71.4% 0 0 6 L(26), Def or YM1(89), O(5)   $9,525,831 $4,275,675 $5,250,156 12/31/2016 5.6% $10,765,437 $4,870,791 $5,894,646 12/31/2017 6.3% $12,040,735 $4,955,248 $7,085,487 T12 3/31/2018 7.6% 91.4% $15,702,037 $6,052,117
33   Loan Dayton Medical Office Portfolio NAP 60.1% 49.7% 5 0 1 L(24), Def(91), O(5)   N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 86.0% $832,734 $348,272
33.01   Property Dover Medical Center NAP 60.1% 49.7%           N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $480,583 $243,527
33.02   Property Mason Clinic NAP 60.1% 49.7%           N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 67.6% $213,484 $62,779
33.03   Property Paragon Lab NAP 60.1% 49.7%           N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $138,667 $41,965
34   Loan Kosmo Village MHC 1.68x 71.0% 61.9% 0 0 6 L(25), Def(91), O(4)   $632,165 $219,221 $412,944 12/31/2016 9.7% $652,151 $240,715 $411,435 12/31/2017 9.7% $672,871 $249,988 $422,883 T12 5/31/2018 9.9% 93.1% $648,861 $255,026
35   Loan Country Inn & Suites Buford NAP 54.5% 42.3% 0 0 5 L(26), Def(91), O(3)   $1,726,406 $1,008,734 $717,672 12/31/2016 17.6% $1,633,990 $953,412 $680,578 12/31/2017 16.6% $1,654,606 $967,622 $686,984 T12 1/31/2018 16.8% 55.5% $1,654,606 $1,022,968
36   Loan Red Roof PLUS+ Poughkeepsie NAP 61.4% 47.1% 0 0 6 L(24), Def(89), O(7)   $1,157,768 $641,132 $516,636 12/31/2016 14.8% $1,199,322 $653,599 $545,723 12/31/2017 15.6% $1,320,893 $679,377 $641,516 T12 5/31/2018 18.3% 62.0% $1,320,893 $773,155
37   Loan The Meadows 1.93x 51.5% 51.5% 0 0 5 L(24), Def(92), O(4)   $338,272 $104,959 $233,313 12/31/2016 7.0% $390,225 $111,405 $278,820 12/31/2017 8.3% $415,151 $112,522 $302,629 T12 5/31/2018 9.0% 95.0% $443,666 $114,317
38   Loan Summit Point NAP 72.7% 61.1% 0 0 5 L(26), Def(91), O(3)   NAP NAP NAP NAP NAP $397,246 $204,007 $193,239 12/31/2017 6.0% $485,091 $169,243 $315,848 T12 4/30/2018 9.9% 95.0% $540,516 $211,289
39   Loan Casa Brae 1.86x 59.7% 59.7% 0 0 5 L(24), Def(92), O(4)   $335,003 $119,432 $215,571 12/31/2016 8.5% $343,052 $95,699 $247,353 12/31/2017 9.7% $347,766 $105,307 $242,459 T12 5/31/2018 9.6% 91.9% $346,499 $104,642
40   Loan China Gate 1.84x 55.5% 55.5% 0 0 5 L(24), Def(92), O(4)   $251,081 $96,278 $154,803 12/31/2016 6.5% $277,840 $85,866 $191,974 12/31/2017 8.0% $283,634 $91,981 $191,653 T12 5/31/2018 8.0% 94.3% $313,337 $88,813
41   Loan Napa Auto NAP 63.4% 54.6% 0 0 5 L(26), Def(91), O(3)   $98,811 $0 $98,811 12/31/2015 9.9% $98,811 $0 $98,811 12/31/2016 9.9% $98,811 $0 $98,811 T12 12/31/2017 9.9% 97.0% $103,035 $8,733

 

A-1-8

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14)   LARGEST TENANT INFORMATION(15)(16)(17)   2ND LARGEST TENANT INFORMATION(15)(16)(17)   3RD LARGEST TENANT INFORMATION(15)(16)(17)
Loan ID Footnotes Property
Flag
Deal Name UW NOI UW NOI
Debt Yield
UW
Capital Items
UW NCF UW NCF
Debt Yield
  Largest Tenant Largest
Tenant Lease
Expiration
Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
  3rd Largest Tenant (7) 3rd Largest
Tenant Lease
Expiration
3rd Largest
Tenant NSF
3rd Largest
Tenant % of NSF
1   Loan 20 Times Square $30,443,635 11.5% $0 $30,443,635 11.5%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2   Loan Hilton Clearwater Beach Resort & Spa $16,153,055 12.2% $1,633,654 $14,519,401 11.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
3   Loan Aventura Mall $154,858,979 11.0% $3,287,272 $151,571,708 10.8%   J. C. Penney Co. 4/30/2023 193,759 15.9%   AMC Theatres 8/31/2023 78,738 6.5%   Zara 10/31/2029 34,454 2.8%
4 (24) Loan Riverfront Plaza $14,505,668 10.0% $792,356 $13,713,312 9.4%   Hunton Andrews Kurth LLP 6/30/2025 238,176 25.1%   Branch Banking & Trust Company 8/31/2025 141,167 14.9%   Owens & Minor Medical Inc. 6/30/2028 85,746 9.0%
5 (25) Loan Queens Place $7,310,352 17.4% $368,062 $6,942,290 16.5%   Macy’s Furniture Gallery 1/31/2022 65,917 29.6%   Best Buy Stores 1/31/2022 55,848 25.0%   DSW Shoe Warehouse 9/30/2021 35,000 15.7%
6   Loan SIXTY Hotel Beverly Hills $5,236,885 13.1% $518,743 $4,718,142 11.8%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
7   Loan Lakewood Plaza $3,242,409 8.5% $143,183 $3,099,226 8.1%   Gourmet Glatt (sublet from Shop Rite) 2/29/2020 76,577 37.4%   Judaica Brooklyn SW (Judaica Plaza) 12/31/2025 14,890 7.3%   Dollar Tree 1/31/2026 13,451 6.6%
8   Loan Sahara Center $3,812,305 10.3% $199,042 $3,613,263 9.8%   Burlington Coat Factory 2/28/2028 48,929 22.1%   Tj Maxx / Homegoods 10/31/2024 46,000 20.8%   Stein Mart 9/30/2024 32,867 14.9%
9   Loan Midway Station $2,600,810 9.6% $52,500 $2,548,310 9.4%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
10   Loan Conway Commons $4,760,240 10.1% $233,997 $4,526,244 9.6%   Kohl’s 1/31/2024 88,248 24.5%   T.J. Maxx 9/30/2019 50,000 13.9%   Dick’s 1/31/2027 43,466 12.1%
11 (26) Loan Campus Hill Apartments $2,160,390 11.1% $76,983 $2,083,407 10.7%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
11.01   Property 302 Summit Street                                        
11.02   Property 306 Summit Street                                        
11.03   Property 308 Summit Street                                        
11.04   Property 214 Warren Square                                        
11.05   Property 424 Birkel Avenue                                        
11.06   Property 426 Birkel Avenue                                        
11.07   Property 428 Birkel Avenue                                        
11.08   Property 438 Birkel Avenue                                        
11.09   Property 440 Birkel Avenue                                        
11.10   Property 462 Birkel Avenue                                        
11.11   Property 109 East Morton Street                                        
11.12   Property 410 South New Street                                        
11.13   Property 412 South New Street                                        
11.14   Property 414 South New Street                                        
11.15   Property 416 South New Street                                        
11.16   Property 418 South New Street                                        
11.17   Property 420 South New Street                                        
11.18   Property 6 West 4th Street A1                                        
11.19   Property 6 West 4th Street A2                                        
11.20   Property 6 West 4th Street A3                                        
11.21   Property 6 West 4th Street A6                                        
11.22   Property 6 West 4th Street A7                                        
11.23   Property 6 West 4th Street A8                                        
11.24   Property 102 East 4th Street                                        
11.25   Property 328 Adams Street                                        
11.26   Property 233 Fifth Street                                        
11.27   Property 429 Webster Street                                        
11.28   Property 443 Webster Street                                        
11.29   Property 451 Webster Street                                        
11.30   Property 220 East 5th Street                                        
11.31   Property 223 East 5th Street                                        
11.32   Property 226 East 5th Street                                        
11.33   Property 227 East 5th Street                                        
11.34   Property 229 East 5th Street                                        
11.35   Property 231 East 5th Street                                        
11.36   Property 305 East 5th Street                                        
11.37   Property 307 East 5th Street                                        
11.38   Property 308 East 5th Street                                        
11.39   Property 309 East 5th Street                                        
11.40   Property 312 East 5th Street                                        
11.41   Property 315 East 5th Street                                        
11.42   Property 325 East 5th Street                                        
11.43   Property 421 East 5th Street                                        
11.44   Property 510 East 5th Street                                        
11.45   Property 515 East 5th Street                                        
11.46   Property 517 East 5th Street                                        
11.47   Property 519 East 5th Street                                        
11.48   Property 521 East 5th Street                                        
11.49   Property 523 East 5th Street                                        
11.50   Property 518 Polk Street                                        
11.51   Property 511 Fillmore Street                                        
11.52   Property 523 Fillmore Street                                        
11.53   Property 548 Hillside Avenue                                        
11.54   Property 552 Hillside Avenue                                        
11.55   Property 554 Hillside Avenue                                        
11.56   Property 556 Hillside Avenue                                        
11.57   Property 556.5 Hillside Avenue                                        
11.58   Property 557-559 Hillside Avenue                                        
11.59   Property 558 Hillside Avenue                                        
11.60   Property 561 Hillside Avenue                                        
11.61   Property 564 Hillside Avenue                                        
11.62   Property 566 Hillside Avenue                                        
11.63   Property 618 Hillside Avenue                                        
11.64   Property 619 Hillside Avenue                                        
11.65   Property 625 Hillside Avenue                                        
11.66   Property 506-512 Thomas Street                                        
11.67   Property 519 Thomas Street                                        
11.68   Property 532 Thomas Street                                        
11.69   Property 622 Pierce Street                                        
11.70   Property 624 Pierce Street                                        
11.71   Property 632 Pierce Street                                        

 

A-1-9

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14)   LARGEST TENANT INFORMATION(15)(16)(17)   2ND LARGEST TENANT INFORMATION(15)(16)(17)   3RD LARGEST TENANT INFORMATION(15)(16)(17)
Loan ID Footnotes Property
Flag
Deal Name UW NOI UW NOI
Debt Yield
UW
Capital Items
UW NCF UW NCF
Debt Yield
  Largest Tenant Largest
Tenant Lease
Expiration
Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
  3rd Largest Tenant (7) 3rd Largest
Tenant Lease
Expiration
3rd Largest
Tenant NSF
3rd Largest
Tenant % of NSF
11.72   Property 631 Parkhill Street                                        
11.73   Property 442-444 Pierce Street                                        
12   Loan Hilton Garden Inn Albuquerque Uptown $2,241,565 13.0% $224,610 $2,016,955 11.7%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
13   Loan Tri-City Center $1,607,301 10.4% $182,051 $1,425,251 9.2%   Curacao 6/16/2025 102,516 67.6%   24 Hour Fitness 5/31/2031 40,038 26.4%   Pet World 5/31/2019 2,961 2.0%
14   Loan Galveston Hotel Portfolio $1,838,637 12.7% $257,826 $1,580,811 10.9%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
14.01   Property Courtyard Galveston $1,023,098 12.7% $139,494 $883,604 10.9%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
14.02   Property TownePlace Suites Galveston $815,539 12.7% $118,331 $697,208 10.9%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
15   Loan Shoreline Apartments $1,443,383 10.2% $143,812 $1,299,571 9.2%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
16   Loan Brookwood Village $1,180,152 9.2% $42,336 $1,137,816 8.8%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
17   Loan Aloft Columbia Downtown $1,615,820 13.5% $181,633 $1,434,187 12.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
18   Loan Hampton Inn & Suites Burlington $1,513,658 14.9% $131,972 $1,381,686 13.6%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
19   Loan Baldwin Square Shopping Center $1,071,968 10.9% $100,185 $971,783 9.9%   Winn Dixie 2/4/2028 51,282 36.3%   Goodwill 9/1/2019 18,942 13.4%   Planet Fitness 5/31/2029 17,799 12.6%
20   Loan Indian Run Apartments $880,431 9.5% $48,000 $832,431 9.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
21   Loan Studio School NYC $758,618 8.2% $2,380 $756,238 8.2%   The Studio School 7/31/2038 11,332 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
22   Loan Pompano Beach Plaza $818,585 9.6% $52,939 $765,646 9.0%   Planet Fitness 10/30/2025 19,463 42.3%   Salon Plaza 5/31/2027 4,831 10.5%   Cora Health Services 6/30/2020 2,816 6.1%
23   Loan Shoppes at Sanford $840,641 10.4% $57,846 $782,795 9.6%   Rue 21 1/31/2024 6,000 11.9%   Shoe Dept 10/31/2022 5,800 11.5%   Kings Chinese Buffet 1/31/2023 5,000 9.9%
24   Loan Gateway Station $929,614 12.2% $93,259 $836,355 11.0%   Conn’s 3/31/2026 43,000 53.0%   Legacy Salons & Day Spa 6/30/2022 8,000 9.9%   No Frills Grill & Sports Bar 12/31/2024 7,000 8.6%
25   Loan Town Center Plaza $743,295 9.9% $25,079 $718,216 9.6%   Volga Dnepr 2/28/2023 8,413 27.7%   Kayden Industries USA 11/30/2019 5,014 16.5%   Interstate Photo, Inc. 12/31/2030 4,500 14.8%
26   Loan East Towne Green Bay $739,556 10.6% $80,965 $658,591 9.4%   Marshalls 11/30/2027 22,031 32.7%   Ross Dress for Less 1/31/2029 21,387 31.7%   PetSmart 9/30/2027 18,053 26.8%
27   Loan Orlando Airport Marriott Lakeside $9,899,112 13.8% $1,379,540 $8,519,573 11.9%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
28   Loan Hyatt Place Santa Fe $773,244 13.4% $116,643 $656,601 11.4%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
29   Loan Broughton Street Collection $546,064 9.6% $24,471 $521,593 9.2%   Savannah Taphouse 8/31/2025 5,650 29.6%   Vineyard Vines 5/31/2027 4,226 22.1%   Lominack Kolman Smith 3/31/2019 2,776 14.5%
30   Loan Ocean Breeze $514,071 9.5% $20,510 $493,561 9.1%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
31   Loan Candlewood Suites Boise Meridian $1,019,742 19.3% $102,526 $917,216 17.3%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
32   Loan Torrance Technology Campus $9,649,919 10.3% $115,195 $9,534,724 10.2%   L3 Communications Corporation 9/30/2031 461,431 80.1%   Torrance Memorial Medical Center 1/31/2022 61,857 10.7%   NAP NAP NAP NAP
33   Loan Dayton Medical Office Portfolio $484,462 11.2% $47,965 $436,497 10.1%   Various 7/31/2028 Various Various   NAP NAP NAP NAP   NAP NAP NAP NAP
33.01   Property Dover Medical Center $237,056 11.2% $26,417 $210,639 10.1%   Dermatologists of Southwestern Ohio, LLC 7/31/2028 22,996 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
33.02   Property Mason Clinic $150,705 11.2% $15,030 $135,675 10.1%   Dermatologists of Southwestern Ohio, LLC 7/31/2028 6,070 67.4%   NAP NAP NAP NAP   NAP NAP NAP NAP
33.03   Property Paragon Lab $96,702 11.2% $6,518 $90,184 10.1%   Dermatopathology Laboratory of Central States, LLC 7/31/2028 6,500 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
34   Loan Kosmo Village MHC $393,835 9.2% $5,950 $387,885 9.1%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
35   Loan Country Inn & Suites Buford $631,638 15.4% $66,184 $565,454 13.8%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
36   Loan Red Roof PLUS+ Poughkeepsie $547,738 15.6% $52,836 $494,902 14.1%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
37   Loan The Meadows $329,349 9.8% $7,904 $321,445 9.6%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
38   Loan Summit Point $329,227 10.3% $28,511 $300,716 9.4%   State of Texas 7/31/2022 8,235 33.8%   Texas Home Health Skilled Services, LP 3/31/2025 4,138 17.0%   Quality Innovation 5/31/2020 2,415 9.9%
39   Loan Casa Brae $241,857 9.5% $7,000 $234,857 9.3%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
40   Loan China Gate $224,524 9.4% $5,202 $219,322 9.2%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
41   Loan Napa Auto $94,302 9.4% $3,746 $90,556 9.1%   Genuine Parts Company 8/31/2024 10,703 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP

 

A-1-10

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        4TH LARGEST TENANT INFORMATION(15)(16)(17)   5TH LARGEST TENANT INFORMATION(15)(16)(17)   MORTGAGE LOAN RESERVE INFORMATION(18)    
Loan ID Footnotes Property
Flag
Deal Name 4th Largest Tenant 4th Largest
Tenant Lease
Expiration
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
  Upfront
Replacement
Reserves (19)
Monthly
Replacement
Reserves
Replacement Reserve Cap(20) Upfront TI/LC
 Reserves (19)
1   Loan 20 Times Square NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $0 NAP $0
2   Loan Hilton Clearwater Beach Resort & Spa NAP NAP NAP NAP   NAP NAP NAP NAP   $269,015 Greater of (i) 1/12 of 4% of gross income from operations from the T12 period and (ii) the amount to be reserved pursuant to the terms of the franchise agreement NAP $0
3   Loan Aventura Mall XXI Forever MTM 32,504 2.7%   H & M 1/31/2027 28,830 2.4%   $0 Springing $487,003 $0
4 (24) Loan Riverfront Plaza ICMA Retirement Corporation 5/31/2033 55,491 5.8%   Private Advisors, LLC 2/29/2024 23,626 2.5%   $0 $11,873 NAP $3,000,000
5 (25) Loan Queens Place Macy’s Backstage 8/31/2025 23,761 10.7%   Red Lobster 9/30/2022 8,482 3.8%   $0 $2,788 $66,920 $0
6   Loan SIXTY Hotel Beverly Hills NAP NAP NAP NAP   NAP NAP NAP NAP   $0 3.0% of actual rents for the same calendar month of the prior year commencing on August 5, 2020 through and including the maturity date. NAP $0
7   Loan Lakewood Plaza Toys 4 U 11/30/2023 10,047 4.9%   The Gym 11/30/2025 10,000 4.9%   $0 $3,429 NAP $680,000
8   Loan Sahara Center Sprouts 7/31/2024 26,905 12.2%   Petco 1/31/2025 13,370 6.0%   $0 $2,755 $99,165 $0
9   Loan Midway Station NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $4,375 NAP $0
10   Loan Conway Commons Staples 2/28/2019 20,390 5.7%   Petsmart 1/31/2020 20,087 5.6%   $0 Springing NAP $0
11 (26) Loan Campus Hill Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $6,415 NAP $0
11.01   Property 302 Summit Street                            
11.02   Property 306 Summit Street                            
11.03   Property 308 Summit Street                            
11.04   Property 214 Warren Square                            
11.05   Property 424 Birkel Avenue                            
11.06   Property 426 Birkel Avenue                            
11.07   Property 428 Birkel Avenue                            
11.08   Property 438 Birkel Avenue                            
11.09   Property 440 Birkel Avenue                            
11.10   Property 462 Birkel Avenue                            
11.11   Property 109 East Morton Street                            
11.12   Property 410 South New Street                            
11.13   Property 412 South New Street                            
11.14   Property 414 South New Street                            
11.15   Property 416 South New Street                            
11.16   Property 418 South New Street                            
11.17   Property 420 South New Street                            
11.18   Property 6 West 4th Street A1                            
11.19   Property 6 West 4th Street A2                            
11.20   Property 6 West 4th Street A3                            
11.21   Property 6 West 4th Street A6                            
11.22   Property 6 West 4th Street A7                            
11.23   Property 6 West 4th Street A8                            
11.24   Property 102 East 4th Street                            
11.25   Property 328 Adams Street                            
11.26   Property 233 Fifth Street                            
11.27   Property 429 Webster Street                            
11.28   Property 443 Webster Street                            
11.29   Property 451 Webster Street                            
11.30   Property 220 East 5th Street                            
11.31   Property 223 East 5th Street                            
11.32   Property 226 East 5th Street                            
11.33   Property 227 East 5th Street                            
11.34   Property 229 East 5th Street                            
11.35   Property 231 East 5th Street                            
11.36   Property 305 East 5th Street                            
11.37   Property 307 East 5th Street                            
11.38   Property 308 East 5th Street                            
11.39   Property 309 East 5th Street                            
11.40   Property 312 East 5th Street                            
11.41   Property 315 East 5th Street                            
11.42   Property 325 East 5th Street                            
11.43   Property 421 East 5th Street                            
11.44   Property 510 East 5th Street                            
11.45   Property 515 East 5th Street                            
11.46   Property 517 East 5th Street                            
11.47   Property 519 East 5th Street                            
11.48   Property 521 East 5th Street                            
11.49   Property 523 East 5th Street                            
11.50   Property 518 Polk Street                            
11.51   Property 511 Fillmore Street                            
11.52   Property 523 Fillmore Street                            
11.53   Property 548 Hillside Avenue                            
11.54   Property 552 Hillside Avenue                            
11.55   Property 554 Hillside Avenue                            
11.56   Property 556 Hillside Avenue                            
11.57   Property 556.5 Hillside Avenue                            
11.58   Property 557-559 Hillside Avenue                            
11.59   Property 558 Hillside Avenue                            
11.60   Property 561 Hillside Avenue                            
11.61   Property 564 Hillside Avenue                            
11.62   Property 566 Hillside Avenue                            
11.63   Property 618 Hillside Avenue                            
11.64   Property 619 Hillside Avenue                            
11.65   Property 625 Hillside Avenue                            
11.66   Property 506-512 Thomas Street                            
11.67   Property 519 Thomas Street                            
11.68   Property 532 Thomas Street                            
11.69   Property 622 Pierce Street                            
11.70   Property 624 Pierce Street                            
11.71   Property 632 Pierce Street                            

 

A-1-11

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        4TH LARGEST TENANT INFORMATION(15)(16)(17)   5TH LARGEST TENANT INFORMATION(15)(16)(17)   MORTGAGE LOAN RESERVE INFORMATION(18)
Loan ID Footnotes Property
Flag
Deal Name 4th Largest Tenant 4th Largest
Tenant Lease
Expiration
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
  Upfront
Replacement
Reserves (19)
Monthly
Replacement
Reserves
Replacement Reserve Cap(20) Upfront TI/LC
 Reserves (19)
11.72   Property 631 Parkhill Street                            
11.73   Property 442-444 Pierce Street                            
12   Loan Hilton Garden Inn Albuquerque Uptown NAP NAP NAP NAP   NAP NAP NAP NAP   $250,000 $18,718 NAP $0
13   Loan Tri-City Center Pollo Campero 9/30/2020 2,650 1.7%   Poke Bar 3/31/2022 1,182 0.8%   $0 $2,528 NAP $0
14   Loan Galveston Hotel Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP   $21,486 $21,486 NAP $0
14.01   Property Courtyard Galveston NAP NAP NAP NAP   NAP NAP NAP NAP          
14.02   Property TownePlace Suites Galveston NAP NAP NAP NAP   NAP NAP NAP NAP          
15   Loan Shoreline Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   $250,000 $11,987 NAP $0
16   Loan Brookwood Village NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $3,528 NAP $0
17   Loan Aloft Columbia Downtown NAP NAP NAP NAP   NAP NAP NAP NAP   $15,269 $15,269 NAP $0
18   Loan Hampton Inn & Suites Burlington NAP NAP NAP NAP   NAP NAP NAP NAP   $0 1/12th of 4% annual operating income NAP $0
19   Loan Baldwin Square Shopping Center Family Fun Center 6/30/2021 12,474 8.8%   Dollar Tree 1/31/2023 12,232 8.7%   $0 $2,356 NAP $0
20   Loan Indian Run Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   $100,000 $4,000 $140,000 $0
21   Loan Studio School NYC NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $199 NAP $0
22   Loan Pompano Beach Plaza L’Acqua Nail Spa 6/8/2027 2,805 6.1%   Enterprise Leasing 5/31/2022 2,411 5.2%   $0 $575 NAP $50,000
23   Loan Shoppes at Sanford Fashion Avenue 5/31/2020 3,800 7.6%   Gamestop 1/31/2023 2,400 4.8%   $0 $629 NAP $50,000
24   Loan Gateway Station Recess Time 10/31/2023 4,039 5.0%   Sci Fi Factory 4/30/2021 3,039 3.7%   $0 $1,014 NAP $0
25   Loan Town Center Plaza First United Bank 8/15/2022 4,479 14.8%   Caliber Home Loans 6/30/2019 2,140 7.1%   $0 $478 $17,208 $110,000
26   Loan East Towne Green Bay NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $1,125 $65,000 $0
27   Loan Orlando Airport Marriott Lakeside NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $114,963 NAP $0
28   Loan Hyatt Place Santa Fe NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $9,720 NAP $0
29   Loan Broughton Street Collection Smoothie King 7/31/2020 1,583 8.3%   L’Occitane 3/31/2025 1,161 6.1%   $0 $239 NAP $258,000
30   Loan Ocean Breeze NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $1,709 NAP $0
31   Loan Candlewood Suites Boise Meridian NAP NAP NAP NAP   NAP NAP NAP NAP   $0 4.0% of actual rents for the prior month NAP $0
32   Loan Torrance Technology Campus NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $9,600 $345,586 $474,867
33   Loan Dayton Medical Office Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $481 NAP $0
33.01   Property Dover Medical Center NAP NAP NAP NAP   NAP NAP NAP NAP          
33.02   Property Mason Clinic NAP NAP NAP NAP   NAP NAP NAP NAP          
33.03   Property Paragon Lab NAP NAP NAP NAP   NAP NAP NAP NAP          
34   Loan Kosmo Village MHC NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $496 NAP $0
35   Loan Country Inn & Suites Buford NAP NAP NAP NAP   NAP NAP NAP NAP   $0 4.0% of actual rents for the prior month NAP $0
36   Loan Red Roof PLUS+ Poughkeepsie NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $4,403 NAP $0
37   Loan The Meadows NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $659 NAP $0
38   Loan Summit Point LinRy, L.P. 11/30/2019 2,307 9.5%   Dallas Luxury Leasing, LLC dba Austin Luxury Realty 2/29/2020 2,002 8.2%   $15,000 $346 NAP $115,000
39   Loan Casa Brae NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $583 NAP $0
40   Loan China Gate NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $434 NAP $0
41   Loan Napa Auto NAP NAP NAP NAP   NAP NAP NAP NAP   $0 $134 NAP $0

 

A-1-12

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN RESERVE INFORMATION(18)          
Loan ID Footnotes Property
Flag
Deal Name Monthly TI/LC
Reserves
TI/LC
Reserve Cap(20)
Upfront Tax
 Reserves (19)
Monthly Tax
 Reserves
Upfront
Insurance Reserves (19)
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve (19)
Upfront Debt Service Reserves(19) Monthly Debt Service Reserves Upfront Environmental Reserves(19) Initial Other
Reserves(19)
1   Loan 20 Times Square $0 NAP $0 Springing $0 Springing $0 $5,200,000 $0 $0 $0
2   Loan Hilton Clearwater Beach Resort & Spa $0 NAP $676,903 $142,506 $339,017 $37,388 $0 $0 $0 $0 $0
3   Loan Aventura Mall Springing $6,087,540 $0 Springing $0 Springing $0 $0 $0 $0 $26,168,910
4 (24) Loan Riverfront Plaza Until such time as the balance in the Rollover Reserve Subaccount is less than $5,699,250, Borrower shall not be required to initially pay Ongoing Rollover Reserve Deposits ($98,945) to Lender for deposit into the Rollover Reserve Subaccount (i.e that upon the first occurrence in which the balance in the Rollover Reserve Subaccount falls below $2,849,625, Borrower shall begin making payments to Lender of the Ongoing Rollover Reserve Deposit as required in the Loan Agreement). Upon the occurrence in which the balance in the Rollover Reserve Subaccount equals or exceeds $5,699,250.00, Borrower shall not be required to pay Ongoing Rollover Reserve Deposits $5,699,250 $1,083,451 $180,575 $29,174 Springing $14,300 $0 $0 $0 $7,603,998
5 (25) Loan Queens Place $27,884 $1,338,408 $295,779 $59,156 $52,324 Springing $4,675 $0 $0 $0 $0
6   Loan SIXTY Hotel Beverly Hills $0 NAP $198,523 $28,360 $233,095 $19,425 $0 $0 $0 $0 $0
7   Loan Lakewood Plaza $8,573 NAP $137,210 $65,338 $14,264 $6,792 $0 $0 Springing $145,000 $313,485
8   Loan Sahara Center Springing $495,826 $71,837 $23,946 $63,125 $8,527 $0 $0 $0 $0 $909,812
9   Loan Midway Station $0 NAP $278,592 $34,824 $19,044 $6,348 $0 $0 $0 $0 $0
10   Loan Conway Commons Springing $899,987 $0 Springing $0 Springing $0 $0 $0 $0 $0
11 (26) Loan Campus Hill Apartments $0 NAP $131,691 $18,716 $11,464 $11,464 $219,091 $0 $0 $0 $0
11.01   Property 302 Summit Street                      
11.02   Property 306 Summit Street                      
11.03   Property 308 Summit Street                      
11.04   Property 214 Warren Square                      
11.05   Property 424 Birkel Avenue                      
11.06   Property 426 Birkel Avenue                      
11.07   Property 428 Birkel Avenue                      
11.08   Property 438 Birkel Avenue                      
11.09   Property 440 Birkel Avenue                      
11.10   Property 462 Birkel Avenue                      
11.11   Property 109 East Morton Street                      
11.12   Property 410 South New Street                      
11.13   Property 412 South New Street                      
11.14   Property 414 South New Street                      
11.15   Property 416 South New Street                      
11.16   Property 418 South New Street                      
11.17   Property 420 South New Street                      
11.18   Property 6 West 4th Street A1                      
11.19   Property 6 West 4th Street A2                      
11.20   Property 6 West 4th Street A3                      
11.21   Property 6 West 4th Street A6                      
11.22   Property 6 West 4th Street A7                      
11.23   Property 6 West 4th Street A8                      
11.24   Property 102 East 4th Street                      
11.25   Property 328 Adams Street                      
11.26   Property 233 Fifth Street                      
11.27   Property 429 Webster Street                      
11.28   Property 443 Webster Street                      
11.29   Property 451 Webster Street                      
11.30   Property 220 East 5th Street                      
11.31   Property 223 East 5th Street                      
11.32   Property 226 East 5th Street                      
11.33   Property 227 East 5th Street                      
11.34   Property 229 East 5th Street                      
11.35   Property 231 East 5th Street                      
11.36   Property 305 East 5th Street                      
11.37   Property 307 East 5th Street                      
11.38   Property 308 East 5th Street                      
11.39   Property 309 East 5th Street                      
11.40   Property 312 East 5th Street                      
11.41   Property 315 East 5th Street                      
11.42   Property 325 East 5th Street                      
11.43   Property 421 East 5th Street                      
11.44   Property 510 East 5th Street                      
11.45   Property 515 East 5th Street                      
11.46   Property 517 East 5th Street                      
11.47   Property 519 East 5th Street                      
11.48   Property 521 East 5th Street                      
11.49   Property 523 East 5th Street                      
11.50   Property 518 Polk Street                      
11.51   Property 511 Fillmore Street                      
11.52   Property 523 Fillmore Street                      
11.53   Property 548 Hillside Avenue                      
11.54   Property 552 Hillside Avenue                      
11.55   Property 554 Hillside Avenue                      
11.56   Property 556 Hillside Avenue                      
11.57   Property 556.5 Hillside Avenue                      
11.58   Property 557-559 Hillside Avenue                      
11.59   Property 558 Hillside Avenue                      
11.60   Property 561 Hillside Avenue                      
11.61   Property 564 Hillside Avenue                      
11.62   Property 566 Hillside Avenue                      
11.63   Property 618 Hillside Avenue                      
11.64   Property 619 Hillside Avenue                      
11.65   Property 625 Hillside Avenue                      
11.66   Property 506-512 Thomas Street                      
11.67   Property 519 Thomas Street                      
11.68   Property 532 Thomas Street                      
11.69   Property 622 Pierce Street                      
11.70   Property 624 Pierce Street                      
11.71   Property 632 Pierce Street                      

 

A-1-13

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN RESERVE INFORMATION(18)                    
Loan ID Footnotes Property
Flag
Deal Name Monthly TI/LC
Reserves
TI/LC
Reserve Cap(20)
Upfront Tax
 Reserves (19)
Monthly Tax
 Reserves
Upfront
Insurance Reserves (19)
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve (19)
Upfront Debt Service Reserves(19) Monthly Debt Service Reserves Upfront Environmental Reserves(19) Initial Other
Reserves(19)
11.72   Property 631 Parkhill Street                      
11.73   Property 442-444 Pierce Street                      
12   Loan Hilton Garden Inn Albuquerque Uptown $0 NAP $0 $8,362 $10,529 Springing $0 $0 $0 $0 Springing
13   Loan Tri-City Center $25,285 NAP $90,023 $22,506 $9,168 $4,584 $62,438 $0 $0 $0 $0
14   Loan Galveston Hotel Portfolio $0 NAP $67,750 $22,583 $0 Springing $0 $0 $0 $0 $0
14.01   Property Courtyard Galveston                      
14.02   Property TownePlace Suites Galveston                      
15   Loan Shoreline Apartments $0 NAP $125,746 $15,718 $36,366 $12,122 $575,940 $0 $0 $0 $300,000
16   Loan Brookwood Village $0 NAP $22,038 $22,038 $42,683 $3,283 $0 $0 $0 $0 $0
17   Loan Aloft Columbia Downtown $0 NAP $222,583 $37,097 $20,102 $3,350 $0 $0 $0 $0 $0
18   Loan Hampton Inn & Suites Burlington $0 NAP $74,390 $7,439 $1,393 $697 $0 $0 $0 $0 $0
19   Loan Baldwin Square Shopping Center $5,993 $288,395 $0 Springing $45,662 $5,074 $0 $0 $0 $0 $67,206
20   Loan Indian Run Apartments $0 NAP $22,182 $22,182 $11,841 $3,947 $40,135 $0 $0 $0 $0
21   Loan Studio School NYC $0 NAP $0 Springing $23,776 $3,397 $0 $0 $0 $0 $12,500
22   Loan Pompano Beach Plaza $3,836 $300,000 $69,367 $6,937 $15,633 $5,211 $0 $0 $0 $0 $0
23   Loan Shoppes at Sanford $4,192 NAP $95,747 $9,575 $3,081 $1,027 $0 $0 $0 $0 $40,000
24   Loan Gateway Station $6,758 $243,285 $78,713 $9,839 $0 Springing $0 $0 $0 $0 $20,868
25   Loan Town Center Plaza Monthly TI/LC Reserve collection rate if reserve falls below $110,000 cap (initially $2,528.58 per month) $110,000 $64,835 $9,262 $7,830 $2,610 $0 $0 $0 $0 $0
26   Loan East Towne Green Bay Springing NAP $16,516 $16,516 $11,074 $852 $0 $0 $0 $0 $0
27   Loan Orlando Airport Marriott Lakeside $0 NAP $537,945 $67,243 $0 Springing $35,075 $0 $0 $0 $517,000
28   Loan Hyatt Place Santa Fe $0 NAP $18,053 $4,513 $7,780 Springing $0 $0 $0 $0 Springing
29   Loan Broughton Street Collection $0 NAP $23,001 $5,750 $0 Springing $0 $0 $0 $0 $0
30   Loan Ocean Breeze $0 NAP $27,991 $3,499 $9,105 $650 $13,750 $0 $0 $0 $200,000
31   Loan Candlewood Suites Boise Meridian $0 NAP $39,576 $7,915 $7,029 $2,343 $0 $0 $0 $0 $54,574
32   Loan Torrance Technology Campus $47,998 (On the payment date occurring in July 2023, and on each payment date thereafter, borrowers shall pay to the lender and amount equal to one-twelfth of the product obtained by multiplying $1.00 by the aggregate number of rentable square feet of space in the property (initially $47,998)) $1,439,940 $0 Springing $0 Springing $0 $0 $0 $0 $0
33   Loan Dayton Medical Office Portfolio $3,208 NAP $0 1/12 of the Property Taxes that Lender estimates will be payable during the next ensuing 12 months $0 Springing $10,550 $0 $0 $0 $0
33.01   Property Dover Medical Center                      
33.02   Property Mason Clinic                      
33.03   Property Paragon Lab                      
34   Loan Kosmo Village MHC $0 NAP $13,536 $3,223 $1,886 $898 $26,900 $0 $0 $0 $14,000
35   Loan Country Inn & Suites Buford $0 NAP $29,419 $3,269 $12,322 $1,760 $0 $0 $0 $0 $18,321
36   Loan Red Roof PLUS+ Poughkeepsie $0 NAP $12,039 $11,465 $12,954 $3,084 $41,188 $0 $0 $0 $0
37   Loan The Meadows $0 NAP $15,223 $1,903 $6,425 $459 $11,875 $0 $0 $0 $0
38   Loan Summit Point $2,031 NAP $51,011 $7,287 $5,609 $1,529 $3,438 $0 $0 $0 $5,417
39   Loan Casa Brae $0 NAP $9,324 $1,165 $1,952 $139 $0 $0 $0 $0 $34,587
40   Loan China Gate $0 NAP $7,638 $955 $3,040 $217 $1,875 $0 $0 $0 $0
41   Loan Napa Auto Springing NAP $0 Springing $969 $484 $300 $0 $0 $0 $0

 

A-1-14

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN RESERVE INFORMATION(18)
Loan ID Footnotes Property
Flag
Deal Name Initial Other Reserves Description Ongoing Other
Reserves
1   Loan 20 Times Square NAP $0
2   Loan Hilton Clearwater Beach Resort & Spa NAP Seasonality Reserve: (Springing); Ground Lease Reserve (Springing)
3   Loan Aventura Mall Outstanding Rollover Reserve ($19,392,145); Free Rent Reserve ($6,776,765) $0
4 (24) Loan Riverfront Plaza Free Rent Reserve ($55,264); Initial TI/LC Reserve ($7,548,734) $0
5 (25) Loan Queens Place NAP $0
6   Loan SIXTY Hotel Beverly Hills NAP $0
7   Loan Lakewood Plaza Chase Bank Gap Rent Reserve ($276,000); Environmental Insurance Reserve ($37,485) $0
8   Loan Sahara Center TI/LC Reserve ($312,601.85); Urgent Care Lease Obligations Reserve ($597,210) Specified Tenant Reserve (Springing)
9   Loan Midway Station NAP $0
10   Loan Conway Commons NAP $0
11 (26) Loan Campus Hill Apartments NAP $3,300
11.01   Property 302 Summit Street    
11.02   Property 306 Summit Street    
11.03   Property 308 Summit Street    
11.04   Property 214 Warren Square    
11.05   Property 424 Birkel Avenue    
11.06   Property 426 Birkel Avenue    
11.07   Property 428 Birkel Avenue    
11.08   Property 438 Birkel Avenue    
11.09   Property 440 Birkel Avenue    
11.10   Property 462 Birkel Avenue    
11.11   Property 109 East Morton Street    
11.12   Property 410 South New Street    
11.13   Property 412 South New Street    
11.14   Property 414 South New Street    
11.15   Property 416 South New Street    
11.16   Property 418 South New Street    
11.17   Property 420 South New Street    
11.18   Property 6 West 4th Street A1    
11.19   Property 6 West 4th Street A2    
11.20   Property 6 West 4th Street A3    
11.21   Property 6 West 4th Street A6    
11.22   Property 6 West 4th Street A7    
11.23   Property 6 West 4th Street A8    
11.24   Property 102 East 4th Street    
11.25   Property 328 Adams Street    
11.26   Property 233 Fifth Street    
11.27   Property 429 Webster Street    
11.28   Property 443 Webster Street    
11.29   Property 451 Webster Street    
11.30   Property 220 East 5th Street    
11.31   Property 223 East 5th Street    
11.32   Property 226 East 5th Street    
11.33   Property 227 East 5th Street    
11.34   Property 229 East 5th Street    
11.35   Property 231 East 5th Street    
11.36   Property 305 East 5th Street    
11.37   Property 307 East 5th Street    
11.38   Property 308 East 5th Street    
11.39   Property 309 East 5th Street    
11.40   Property 312 East 5th Street    
11.41   Property 315 East 5th Street    
11.42   Property 325 East 5th Street    
11.43   Property 421 East 5th Street    
11.44   Property 510 East 5th Street    
11.45   Property 515 East 5th Street    
11.46   Property 517 East 5th Street    
11.47   Property 519 East 5th Street    
11.48   Property 521 East 5th Street    
11.49   Property 523 East 5th Street    
11.50   Property 518 Polk Street    
11.51   Property 511 Fillmore Street    
11.52   Property 523 Fillmore Street    
11.53   Property 548 Hillside Avenue    
11.54   Property 552 Hillside Avenue    
11.55   Property 554 Hillside Avenue    
11.56   Property 556 Hillside Avenue    
11.57   Property 556.5 Hillside Avenue    
11.58   Property 557-559 Hillside Avenue    
11.59   Property 558 Hillside Avenue    
11.60   Property 561 Hillside Avenue    
11.61   Property 564 Hillside Avenue    
11.62   Property 566 Hillside Avenue    
11.63   Property 618 Hillside Avenue    
11.64   Property 619 Hillside Avenue    
11.65   Property 625 Hillside Avenue    
11.66   Property 506-512 Thomas Street    
11.67   Property 519 Thomas Street    
11.68   Property 532 Thomas Street    
11.69   Property 622 Pierce Street    
11.70   Property 624 Pierce Street    
11.71   Property 632 Pierce Street    

 

A-1-15

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN RESERVE INFORMATION(18)  
Loan ID Footnotes Property
Flag
Deal Name Initial Other Reserves Description Ongoing Other
Reserves
11.72   Property 631 Parkhill Street    
11.73   Property 442-444 Pierce Street    
12   Loan Hilton Garden Inn Albuquerque Uptown PIP Reserve $0
13   Loan Tri-City Center NAP Special Rollover Reserve (Springing)
14   Loan Galveston Hotel Portfolio NAP Springing
14.01   Property Courtyard Galveston    
14.02   Property TownePlace Suites Galveston    
15   Loan Shoreline Apartments Security Upgrade Reserve $0
16   Loan Brookwood Village NAP $0
17   Loan Aloft Columbia Downtown NAP $0
18   Loan Hampton Inn & Suites Burlington NAP $0
19   Loan Baldwin Square Shopping Center Ground Rent Reserve Ground Rent Reserve ($9,600.91); Special Rollover Reserve (Springing)
20   Loan Indian Run Apartments NAP $0
21   Loan Studio School NYC Liquidity Reserve $12,500
22   Loan Pompano Beach Plaza NAP $0
23   Loan Shoppes at Sanford Outstanding TI/LC Reserve Wal-Mart Reserve (Springing)
24   Loan Gateway Station Gap Rent Reserve Special Rollover Reserve (Springing)
25   Loan Town Center Plaza NAP $0
26   Loan East Towne Green Bay NAP $0
27   Loan Orlando Airport Marriott Lakeside PIP Reserve ($217,000); Seasonality Working Capital Reserve ($300,000) Seasonality Working Capital Reserve: $100,000 (Commencing on the February 2019 payment and on each Payment Date thereafter a $100,000 monthly escrow payment shall be made into the Seasonality Reserve.)
28   Loan Hyatt Place Santa Fe PIP Reserve $0
29   Loan Broughton Street Collection NAP $0
30   Loan Ocean Breeze Pending Litigation Reserve $0
31   Loan Candlewood Suites Boise Meridian Seasonal Reserve $10,915
32   Loan Torrance Technology Campus NAP $0
33   Loan Dayton Medical Office Portfolio NAP Springing
33.01   Property Dover Medical Center    
33.02   Property Mason Clinic    
33.03   Property Paragon Lab    
34   Loan Kosmo Village MHC Homes Encroachment Reserve $0
35   Loan Country Inn & Suites Buford Seasonal Reserve Springing
36   Loan Red Roof PLUS+ Poughkeepsie NAP $0
37   Loan The Meadows NAP $0
38   Loan Summit Point Free Rent Reserve Primary Tenant Reserve (Springing)
39   Loan Casa Brae Retrofit Reserve $0
40   Loan China Gate NAP $0
41   Loan Napa Auto NAP Primary Tenant Reserve (Springing)

 

A-1-16

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN RESERVE INFORMATION(18)        
Loan ID Footnotes Property
Flag
Deal Name Ongoing Other Reserves Description Other Reserves Cap(20) Holdback(21) Holdback Amount(21) Holdback Description(21) Letter of Credit(21)(22) Letter of Credit Description(21)  
1   Loan 20 Times Square NAP NAP No NAP NAP No NAP  
2   Loan Hilton Clearwater Beach Resort & Spa Seasonality Reserve: Commencing on the Payment Date occurring in April, 2018 and on each Payment Date which occurs during a Seasonality Trigger Period, all excess cash flows; Ground Lease Reserve: Each payment date that the amount on deposit in the Ground Lease Reserve Account is less than the Ground Rent Reserve Threshold, an amount equal to the difference between (i) the amount then on deposit in the Ground Lease Reserve Account and (ii) the Ground Rent Reserve Threshold Seasonality Reserve: $1,375,000;  Ground Lease Reserve: The current monthly amount to be paid by Borrower as Ground Rent to Ground Lessor pursuant to the Ground Lease No NAP NAP No NAP  
3   Loan Aventura Mall NAP NAP No NAP NAP No NAP  
4 (24) Loan Riverfront Plaza NAP NAP No NAP NAP No NAP  
5 (25) Loan Queens Place NAP NAP No NAP NAP No NAP  
6   Loan SIXTY Hotel Beverly Hills NAP NAP No NAP NAP No NAP  
7   Loan Lakewood Plaza NAP NAP No NAP NAP Yes For the Chase Bank Lease Reserve borrower has delivered a LOC to the Lender for an amount equal to $2,000,000  
8   Loan Sahara Center Specified Tenant Reserve: Upon the occurence of a Specified Tenant Sweep Period NAP No NAP NAP No NAP  
9   Loan Midway Station NAP NAP No NAP NAP No NAP  
10   Loan Conway Commons NAP NAP No NAP NAP No NAP  
11 (26) Loan Campus Hill Apartments Condominium Fee Reserve NAP No NAP NAP No NAP  
11.01   Property 302 Summit Street                
11.02   Property 306 Summit Street                
11.03   Property 308 Summit Street                
11.04   Property 214 Warren Square                
11.05   Property 424 Birkel Avenue                
11.06   Property 426 Birkel Avenue                
11.07   Property 428 Birkel Avenue                
11.08   Property 438 Birkel Avenue                
11.09   Property 440 Birkel Avenue                
11.10   Property 462 Birkel Avenue                
11.11   Property 109 East Morton Street                
11.12   Property 410 South New Street                
11.13   Property 412 South New Street                
11.14   Property 414 South New Street                
11.15   Property 416 South New Street                
11.16   Property 418 South New Street                
11.17   Property 420 South New Street                
11.18   Property 6 West 4th Street A1                
11.19   Property 6 West 4th Street A2                
11.20   Property 6 West 4th Street A3                
11.21   Property 6 West 4th Street A6                
11.22   Property 6 West 4th Street A7                
11.23   Property 6 West 4th Street A8                
11.24   Property 102 East 4th Street                
11.25   Property 328 Adams Street                
11.26   Property 233 Fifth Street                
11.27   Property 429 Webster Street                
11.28   Property 443 Webster Street                
11.29   Property 451 Webster Street                
11.30   Property 220 East 5th Street                
11.31   Property 223 East 5th Street                
11.32   Property 226 East 5th Street                
11.33   Property 227 East 5th Street                
11.34   Property 229 East 5th Street                
11.35   Property 231 East 5th Street                
11.36   Property 305 East 5th Street                
11.37   Property 307 East 5th Street                
11.38   Property 308 East 5th Street                
11.39   Property 309 East 5th Street                
11.40   Property 312 East 5th Street                
11.41   Property 315 East 5th Street                
11.42   Property 325 East 5th Street                
11.43   Property 421 East 5th Street                
11.44   Property 510 East 5th Street                
11.45   Property 515 East 5th Street                
11.46   Property 517 East 5th Street                
11.47   Property 519 East 5th Street                
11.48   Property 521 East 5th Street                
11.49   Property 523 East 5th Street                
11.50   Property 518 Polk Street                
11.51   Property 511 Fillmore Street                
11.52   Property 523 Fillmore Street                
11.53   Property 548 Hillside Avenue                
11.54   Property 552 Hillside Avenue                
11.55   Property 554 Hillside Avenue                
11.56   Property 556 Hillside Avenue                
11.57   Property 556.5 Hillside Avenue                
11.58   Property 557-559 Hillside Avenue                
11.59   Property 558 Hillside Avenue                
11.60   Property 561 Hillside Avenue                
11.61   Property 564 Hillside Avenue                
11.62   Property 566 Hillside Avenue                
11.63   Property 618 Hillside Avenue                
11.64   Property 619 Hillside Avenue                
11.65   Property 625 Hillside Avenue                
11.66   Property 506-512 Thomas Street                
11.67   Property 519 Thomas Street                
11.68   Property 532 Thomas Street                
11.69   Property 622 Pierce Street                
11.70   Property 624 Pierce Street                
11.71   Property 632 Pierce Street                

 

A-1-17

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        MORTGAGE LOAN RESERVE INFORMATION(18)              
Loan ID Footnotes Property
Flag
Deal Name Ongoing Other Reserves Description Other Reserves Cap(20) Holdback(21) Holdback Amount(21) Holdback Description(21) Letter of Credit(21)(22) Letter of Credit Description(21)  
11.72   Property 631 Parkhill Street                
11.73   Property 442-444 Pierce Street                
12   Loan Hilton Garden Inn Albuquerque Uptown NAP NAP No NAP NAP No NAP  
13   Loan Tri-City Center Special Rollover Reserve: On each Payment Date occurring during the continuance of a Lease Sweep Period, all excess cash shall be paid to lender. NAP No NAP NAP No NAP  
14   Loan Galveston Hotel Portfolio Seasonality Reserve $100,000 No NAP NAP No NAP  
14.01   Property Courtyard Galveston                
14.02   Property TownePlace Suites Galveston                
15   Loan Shoreline Apartments NAP NAP No NAP NAP No NAP  
16   Loan Brookwood Village NAP NAP No NAP NAP No NAP  
17   Loan Aloft Columbia Downtown NAP NAP No NAP NAP No NAP  
18   Loan Hampton Inn & Suites Burlington NAP NAP No NAP NAP No NAP  
19   Loan Baldwin Square Shopping Center Special Rollover Reserve: During a Lease Sweep Period, all Available Cash is required to be deposited NAP No NAP NAP No NAP  
20   Loan Indian Run Apartments NAP NAP No NAP NAP No NAP  
21   Loan Studio School NYC Liquidity Reserve NAP No NAP NAP No NAP  
22   Loan Pompano Beach Plaza NAP NAP No NAP NAP No NAP  
23   Loan Shoppes at Sanford Wal-Mart Reserve (During the continuance of a Wal-Mart Sweep Period all excess cash flow is required to be deposited in the account until such time as the balance of funds equals the then-existing Wal-Mart Reserve Cap) NAP No NAP NAP No NAP  
24   Loan Gateway Station Special Rollover Reserve: During a Lease Sweep Period, all Available Cash is required to be deposited NAP No NAP NAP No NAP  
25   Loan Town Center Plaza NAP NAP No NAP NAP No NAP  
26   Loan East Towne Green Bay NAP NAP No NAP NAP No NAP  
27   Loan Orlando Airport Marriott Lakeside Seasonality Working Capital Reserve Seasonality Working Capital Reserve Cap ($500,000) No NAP NAP No NAP  
28   Loan Hyatt Place Santa Fe NAP NAP No NAP NAP No NAP  
29   Loan Broughton Street Collection NAP NAP No NAP NAP No NAP  
30   Loan Ocean Breeze NAP NAP No NAP NAP No NAP  
31   Loan Candlewood Suites Boise Meridian $10,914.75 on each payment date occurring during months of February, March, April, May, June, July, August, September, October and November NAP No NAP NAP No NAP  
32   Loan Torrance Technology Campus NAP NAP No NAP NAP No NAP  
33   Loan Dayton Medical Office Portfolio Lease Termination Fees Reserve NAP No NAP NAP No NAP  
33.01   Property Dover Medical Center                
33.02   Property Mason Clinic                
33.03   Property Paragon Lab                
34   Loan Kosmo Village MHC NAP NAP No NAP NAP No NAP  
35   Loan Country Inn & Suites Buford $4,580.20 on each payment date occurring during months of February, March, April, May, July, September, October, November and December NAP No NAP NAP No NAP  
36   Loan Red Roof PLUS+ Poughkeepsie NAP NAP No NAP NAP No NAP  
37   Loan The Meadows NAP NAP No NAP NAP No NAP  
38   Loan Summit Point Primary Tenant Reserve (During the continuance of a Primary Tenant Sweep Period all excess cash flow is required to be deposited in the account) NAP No NAP NAP No NAP  
39   Loan Casa Brae NAP NAP No NAP NAP No NAP  
40   Loan China Gate NAP NAP No NAP NAP No NAP  
41   Loan Napa Auto Primary Tenant Reserve (During the continuance of a Primary Tenant Sweep Period all excess cash flow is required to be deposited in the account) NAP No NAP NAP No NAP  

 

A-1-18

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

          THIRD PARTY REPORTS       ADDITIONAL PERMITTED DEBT  
Loan ID Footnotes Property
Flag
Deal Name   Appraisal
Value Date
Environmental Phase I
Report Date (23)
Phase II Performed Engineering
Report Date
Seismic
Zone
(Y/N)
Seismic
Report Date
PML %   Additional Future Debt Permitted Additional Future Debt Permitted Description  
1   Loan 20 Times Square   1/31/2018 12/12/2017 No 2/8/2018 NAP NAP NAP   No NAP  
2   Loan Hilton Clearwater Beach Resort & Spa   12/21/2017 1/2/2018 No 1/2/2018 NAP NAP NAP   No NAP  
3   Loan Aventura Mall   4/16/2018 4/27/2018 No 4/27/2018 NAP NAP NAP   Yes Subject to Lender’s approval and delivery of a Rating Agency Confirmation, Borrower shall be permitted to enter into a PACE Loan for an amount not to exceed $5,000,000.00  
4 (24) Loan Riverfront Plaza   2/13/2018 2/14/2018 No 2/15/2018 NAP NAP NAP   No NAP  
5 (25) Loan Queens Place   12/22/2017 12/26/2017 No 12/26/2017 NAP NAP NAP   No NAP  
6   Loan SIXTY Hotel Beverly Hills   7/2/2018 6/19/2018 No 6/19/2018 4 6/20/2018 21.0%   No NAP  
7   Loan Lakewood Plaza   4/17/2018 6/28/2018 No 5/29/2018 NAP NAP NAP   No NAP  
8   Loan Sahara Center   1/6/2018 9/22/2017 No 9/22/2017 NAP NAP NAP   No NAP  
9   Loan Midway Station   5/7/2018 5/16/2018 No 5/15/2018 NAP NAP NAP   No NAP  
10   Loan Conway Commons   6/29/2018 7/9/2018 No 7/9/2018 NAP NAP NAP   No NAP  
11 (26) Loan Campus Hill Apartments   3/1/2018 3/9/2018 No 3/9/2018 NAP NAP NAP   No NAP  
11.01   Property 302 Summit Street                        
11.02   Property 306 Summit Street                        
11.03   Property 308 Summit Street                        
11.04   Property 214 Warren Square                        
11.05   Property 424 Birkel Avenue                        
11.06   Property 426 Birkel Avenue                        
11.07   Property 428 Birkel Avenue                        
11.08   Property 438 Birkel Avenue                        
11.09   Property 440 Birkel Avenue                        
11.10   Property 462 Birkel Avenue                        
11.11   Property 109 East Morton Street                        
11.12   Property 410 South New Street                        
11.13   Property 412 South New Street                        
11.14   Property 414 South New Street                        
11.15   Property 416 South New Street                        
11.16   Property 418 South New Street                        
11.17   Property 420 South New Street                        
11.18   Property 6 West 4th Street A1                        
11.19   Property 6 West 4th Street A2                        
11.20   Property 6 West 4th Street A3                        
11.21   Property 6 West 4th Street A6                        
11.22   Property 6 West 4th Street A7                        
11.23   Property 6 West 4th Street A8                        
11.24   Property 102 East 4th Street                        
11.25   Property 328 Adams Street                        
11.26   Property 233 Fifth Street                        
11.27   Property 429 Webster Street                        
11.28   Property 443 Webster Street                        
11.29   Property 451 Webster Street                        
11.30   Property 220 East 5th Street                        
11.31   Property 223 East 5th Street                        
11.32   Property 226 East 5th Street                        
11.33   Property 227 East 5th Street                        
11.34   Property 229 East 5th Street                        
11.35   Property 231 East 5th Street                        
11.36   Property 305 East 5th Street                        
11.37   Property 307 East 5th Street                        
11.38   Property 308 East 5th Street                        
11.39   Property 309 East 5th Street                        
11.40   Property 312 East 5th Street                        
11.41   Property 315 East 5th Street                        
11.42   Property 325 East 5th Street                        
11.43   Property 421 East 5th Street                        
11.44   Property 510 East 5th Street                        
11.45   Property 515 East 5th Street                        
11.46   Property 517 East 5th Street                        
11.47   Property 519 East 5th Street                        
11.48   Property 521 East 5th Street                        
11.49   Property 523 East 5th Street                        
11.50   Property 518 Polk Street                        
11.51   Property 511 Fillmore Street                        
11.52   Property 523 Fillmore Street                        
11.53   Property 548 Hillside Avenue                        
11.54   Property 552 Hillside Avenue                        
11.55   Property 554 Hillside Avenue                        
11.56   Property 556 Hillside Avenue                        
11.57   Property 556.5 Hillside Avenue                        
11.58   Property 557-559 Hillside Avenue                        
11.59   Property 558 Hillside Avenue                        
11.60   Property 561 Hillside Avenue                        
11.61   Property 564 Hillside Avenue                        
11.62   Property 566 Hillside Avenue                        
11.63   Property 618 Hillside Avenue                        
11.64   Property 619 Hillside Avenue                        
11.65   Property 625 Hillside Avenue                        
11.66   Property 506-512 Thomas Street                        
11.67   Property 519 Thomas Street                        
11.68   Property 532 Thomas Street                        
11.69   Property 622 Pierce Street                        
11.70   Property 624 Pierce Street                        
11.71   Property 632 Pierce Street                        

 

A-1-19

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

          THIRD PARTY REPORTS         ADDITIONAL PERMITTED DEBT  
Loan ID Footnotes Property
Flag
Deal Name   Appraisal
Value Date
Environmental Phase I
Report Date (23)
Phase II Performed Engineering
Report Date
Seismic
Zone
(Y/N)
Seismic
Report Date
PML %   Additional Future Debt Permitted Additional Future Debt Permitted Description  
11.72   Property 631 Parkhill Street                        
11.73   Property 442-444 Pierce Street                        
12   Loan Hilton Garden Inn Albuquerque Uptown   6/1/2018 6/22/2018 No 6/25/2018 NAP NAP NAP   No NAP  
13   Loan Tri-City Center   4/20/2018 4/24/2018 No 4/24/2018 4 4/24/2018 10.0%   No NAP  
14   Loan Galveston Hotel Portfolio   5/16/2018 5/25/2018 No Various NAP NAP NAP   No NAP  
14.01   Property Courtyard Galveston     5/25/2018 No 5/30/2018 NAP NAP NAP        
14.02   Property TownePlace Suites Galveston     5/25/2018 No 5/25/2018 NAP NAP NAP        
15   Loan Shoreline Apartments   5/10/2018 5/21/2018 No 5/18/2018 NAP NAP NAP   No NAP  
16   Loan Brookwood Village   5/4/2018 4/27/2018 No 4/27/2018 NAP NAP NAP   No NAP  
17   Loan Aloft Columbia Downtown   5/8/2018 5/21/2018 No 5/18/2018 NAP NAP NAP   Yes Buyer shall be allowed to incur mezzanine debt in connection with a sale subject to (i) the indebtedness may not be secured by the property, land or improvements, but may only be secured by a pledge of the ownership interests in the buyer, and must be fully non-recourse as to all obligations; (ii) the combined LTV at the time of such mezzanine financing shall not exceed 65%; (iii) the combined minimum DSCR at the time of such mezzanine financing shall be no less than 1.50x; and (iv) the mezzanine financing must be structured as to (a) have a maturity date no earlier than the maturity date of the senior notes, and (b) to the extent the maturity date of such mezzanine financing is later than the maturity date of the senior notes, shall allow prepayment without penalty beginning no later than the maturity date of the senior notes  
18   Loan Hampton Inn & Suites Burlington   3/28/2018 4/6/2018 No 4/5/2018 NAP NAP NAP   No NAP  
19   Loan Baldwin Square Shopping Center   4/19/2018 4/24/2018 No 4/24/2018 NAP NAP NAP   No NAP  
20   Loan Indian Run Apartments   5/3/2018 5/15/2018 No 5/17/2018 NAP NAP NAP   No NAP  
21   Loan Studio School NYC   7/3/2018 7/12/2018 No 7/12/2018 NAP NAP NAP   No NAP  
22   Loan Pompano Beach Plaza   6/1/2018 6/1/2018 No 6/1/2018 NAP NAP NAP   No NAP  
23   Loan Shoppes at Sanford   4/23/2018 3/26/2018 No 3/26/2018 NAP NAP NAP   No NAP  
24   Loan Gateway Station   6/20/2018 6/27/2018 No 6/27/2018 NAP NAP NAP   No NAP  
25   Loan Town Center Plaza   5/25/2018 5/31/2018 No 5/31/2018 NAP NAP NAP   Yes Future mezzanine debt permitted subject to: (i) no event of default; (ii) maximum combined LTV of 68.0%; (iii) minimum combined NOI DSCR of 1.48x; (iv) Intercreditor Agreement required; and (v) Rating Agency Confirmation  
26   Loan East Towne Green Bay   2/15/2018 2/21/2018 No 3/23/2018 NAP NAP NAP   No NAP  
27   Loan Orlando Airport Marriott Lakeside   4/5/2018 4/16/2018 No 4/16/2018 NAP NAP NAP   No NAP  
28   Loan Hyatt Place Santa Fe   6/1/2018 6/21/2018 No 6/25/2018 NAP NAP NAP   No NAP  
29   Loan Broughton Street Collection   6/15/2018 10/3/2017 No 10/3/2017 NAP NAP NAP   No NAP  
30   Loan Ocean Breeze   6/7/2018 6/6/2018 No 6/6/2018 4 6/6/2018 8.0%   No NAP  
31   Loan Candlewood Suites Boise Meridian   3/15/2018 10/5/2017 No 4/30/2018 NAP NAP NAP   No NAP  
32   Loan Torrance Technology Campus   4/30/2018 8/14/2017 No 5/8/2018 4 5/7/2018 16.0%   Yes Mezzanine: Combined Min DSCR 1.25x, Combined Max LTV 65.0%, Debt Yield>8.25%, Rating Agency Confirmation  
33   Loan Dayton Medical Office Portfolio   5/22/2018 Various No Various NAP NAP NAP   No NAP  
33.01   Property Dover Medical Center   5/22/2018 5/29/2018 No 5/25/2018 NAP NAP NAP        
33.02   Property Mason Clinic   5/22/2018 5/25/2018 No 5/25/2018 NAP NAP NAP        
33.03   Property Paragon Lab   5/22/2018 5/29/2018 No 5/29/2018 NAP NAP NAP        
34   Loan Kosmo Village MHC   4/13/2018 7/3/2018 No 7/3/2018 NAP NAP NAP   No NAP  
35   Loan Country Inn & Suites Buford   3/25/2018 9/12/2017 No 4/11/2018 NAP NAP NAP   No NAP  
36   Loan Red Roof PLUS+ Poughkeepsie   4/26/2018 5/4/2018 No 5/4/2018 NAP NAP NAP   No NAP  
37   Loan The Meadows   6/7/2018 6/6/2018 No 6/6/2018 4 6/6/2018 10.0%   No NAP  
38   Loan Summit Point   3/8/2018 3/12/2018 No 3/12/2018 NAP NAP NAP   No NAP  
39   Loan Casa Brae   6/6/2018 6/6/2018 No 6/6/2018 4 6/6/2018 14.0%   No NAP  
40   Loan China Gate   6/6/2018 6/6/2018 No 6/6/2018 4 6/6/2018 13.0%   No NAP  
41   Loan Napa Auto   4/4/2018 3/30/2018 No 3/30/2018 NAP NAP NAP   No NAP  

 

A-1-20

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        TOTAL MORTGAGE DEBT INFORMATION       TOTAL DEBT INFORMATION
Loan ID Footnotes Property
Flag
Deal Name Cut-off Date
Pari Passu Mortgage
Debt Balance(4)
Cut-off Date
Subord. Mortgage
Debt Balance
Total Mortgage
Debt Cut-off
Date LTV Ratio
Total Mortgage
Debt UW
NCF DSCR (10)
Total Mortgage
Debt UW NOI
Debt Yield
  Cut-off Date
Mezzanine
Debt Balance
Total Debt
Cut-off Date
LTV Ratio
Total
Debt UW
NCF DSCR (10)
Total Debt
UW NOI
Debt Yield
1   Loan 20 Times Square $265,000,000 $485,000,000 45.8% 1.29x 4.1%   $150,000,000 55.0% 0.97x 3.4%
2   Loan Hilton Clearwater Beach Resort & Spa $132,270,513 NAP 66.5% 1.67x 12.2%   NAP 66.5% 1.67x 12.2%
3   Loan Aventura Mall $1,406,700,000 $343,300,000 50.7% 2.07x 8.8%   NAP 50.7% 2.07x 8.8%
4 (24) Loan Riverfront Plaza $145,597,728 NAP 72.5% 1.49x 10.0%   $24,931,118 84.9% 1.13x 8.5%
5 (25) Loan Queens Place NAP $58,000,000 55.6% 1.36x 7.3%   $10,000,000 61.1% 1.14x 6.6%
6   Loan SIXTY Hotel Beverly Hills NAP NAP 47.1% 2.42x 13.1%   NAP 47.1% 2.42x 13.1%
7   Loan Lakewood Plaza NAP NAP 66.5% 1.50x 8.5%   NAP 66.5% 1.50x 8.5%
8   Loan Sahara Center NAP NAP 58.9% 2.21x 10.3%   NAP 58.9% 2.21x 10.3%
9   Loan Midway Station NAP NAP 72.6% 1.46x 9.6%   NAP 72.6% 1.46x 9.6%
10   Loan Conway Commons $47,250,000 NAP 58.7% 1.54x 10.1%   NAP 58.7% 1.54x 10.1%
11 (26) Loan Campus Hill Apartments NAP NAP 61.4% 1.60x 11.1%   NAP 61.4% 1.60x 11.1%
11.01   Property 302 Summit Street                    
11.02   Property 306 Summit Street                    
11.03   Property 308 Summit Street                    
11.04   Property 214 Warren Square                    
11.05   Property 424 Birkel Avenue                    
11.06   Property 426 Birkel Avenue                    
11.07   Property 428 Birkel Avenue                    
11.08   Property 438 Birkel Avenue                    
11.09   Property 440 Birkel Avenue                    
11.10   Property 462 Birkel Avenue                    
11.11   Property 109 East Morton Street                    
11.12   Property 410 South New Street                    
11.13   Property 412 South New Street                    
11.14   Property 414 South New Street                    
11.15   Property 416 South New Street                    
11.16   Property 418 South New Street                    
11.17   Property 420 South New Street                    
11.18   Property 6 West 4th Street A1                    
11.19   Property 6 West 4th Street A2                    
11.20   Property 6 West 4th Street A3                    
11.21   Property 6 West 4th Street A6                    
11.22   Property 6 West 4th Street A7                    
11.23   Property 6 West 4th Street A8                    
11.24   Property 102 East 4th Street                    
11.25   Property 328 Adams Street                    
11.26   Property 233 Fifth Street                    
11.27   Property 429 Webster Street                    
11.28   Property 443 Webster Street                    
11.29   Property 451 Webster Street                    
11.30   Property 220 East 5th Street                    
11.31   Property 223 East 5th Street                    
11.32   Property 226 East 5th Street                    
11.33   Property 227 East 5th Street                    
11.34   Property 229 East 5th Street                    
11.35   Property 231 East 5th Street                    
11.36   Property 305 East 5th Street                    
11.37   Property 307 East 5th Street                    
11.38   Property 308 East 5th Street                    
11.39   Property 309 East 5th Street                    
11.40   Property 312 East 5th Street                    
11.41   Property 315 East 5th Street                    
11.42   Property 325 East 5th Street                    
11.43   Property 421 East 5th Street                    
11.44   Property 510 East 5th Street                    
11.45   Property 515 East 5th Street                    
11.46   Property 517 East 5th Street                    
11.47   Property 519 East 5th Street                    
11.48   Property 521 East 5th Street                    
11.49   Property 523 East 5th Street                    
11.50   Property 518 Polk Street                    
11.51   Property 511 Fillmore Street                    
11.52   Property 523 Fillmore Street                    
11.53   Property 548 Hillside Avenue                    
11.54   Property 552 Hillside Avenue                    
11.55   Property 554 Hillside Avenue                    
11.56   Property 556 Hillside Avenue                    
11.57   Property 556.5 Hillside Avenue                    
11.58   Property 557-559 Hillside Avenue                    
11.59   Property 558 Hillside Avenue                    
11.60   Property 561 Hillside Avenue                    
11.61   Property 564 Hillside Avenue                    
11.62   Property 566 Hillside Avenue                    
11.63   Property 618 Hillside Avenue                    
11.64   Property 619 Hillside Avenue                    
11.65   Property 625 Hillside Avenue                    
11.66   Property 506-512 Thomas Street                    
11.67   Property 519 Thomas Street                    
11.68   Property 532 Thomas Street                    
11.69   Property 622 Pierce Street                    
11.70   Property 624 Pierce Street                    
11.71   Property 632 Pierce Street                  

 

 

 

A-1-21

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS THE MORTGAGED PROPERTIES

 

        TOTAL MORTGAGE DEBT INFORMATION   TOTAL DEBT INFORMATION
Loan ID Footnotes Property
Flag
Deal Name Cut-off Date
Pari Passu Mortgage
Debt Balance(4)
Cut-off Date
Subord. Mortgage
Debt Balance
Total Mortgage
Debt Cut-off
Date LTV Ratio
Total Mortgage
Debt UW
NCF DSCR (10)
Total Mortgage
Debt UW NOI
Debt Yield
  Cut-off Date
Mezzanine
Debt Balance
Total Debt
Cut-off Date
LTV Ratio
Total
Debt UW
NCF DSCR (10)
Total Debt
UW NOI
Debt Yield
11.72   Property 631 Parkhill Street                    
11.73   Property 442-444 Pierce Street                    
12   Loan Hilton Garden Inn Albuquerque Uptown NAP NAP 68.8% 1.77x 13.0%   NAP 68.8% 1.77x 13.0%
13   Loan Tri-City Center NAP NAP 73.7% 1.46x 10.4%   NAP 73.7% 1.46x 10.4%
14   Loan Galveston Hotel Portfolio NAP NAP 59.9% 1.59x 12.7%   NAP 59.9% 1.59x 12.7%
14.01   Property Courtyard Galveston     59.9% 1.59x 12.7%     59.9% 1.59x 12.7%
14.02   Property TownePlace Suites Galveston     59.9% 1.59x 12.7%     59.9% 1.59x 12.7%
15   Loan Shoreline Apartments NAP NAP 74.2% 1.42x 10.2%   NAP 74.2% 1.42x 10.2%
16   Loan Brookwood Village NAP NAP 72.7% 1.35x 9.2%   NAP 72.7% 1.35x 9.2%
17   Loan Aloft Columbia Downtown NAP NAP 60.9% 1.66x 13.5%   NAP 60.9% 1.66x 13.5%
18   Loan Hampton Inn & Suites Burlington NAP NAP 64.8% 1.99x 14.9%   NAP 64.8% 1.99x 14.9%
19   Loan Baldwin Square Shopping Center NAP NAP 64.8% 1.49x 10.9%   NAP 64.8% 1.49x 10.9%
20   Loan Indian Run Apartments NAP NAP 61.6% 1.78x 9.5%   NAP 61.6% 1.78x 9.5%
21   Loan Studio School NYC NAP NAP 61.7% 1.36x 8.2%   NAP 61.7% 1.36x 8.2%
22   Loan Pompano Beach Plaza NAP NAP 73.9% 1.36x 9.6%   NAP 73.9% 1.36x 9.6%
23   Loan Shoppes at Sanford NAP NAP 74.8% 1.46x 10.4%   NAP 74.8% 1.46x 10.4%
24   Loan Gateway Station NAP NAP 63.3% 1.70x 12.2%   NAP 63.3% 1.70x 12.2%
25   Loan Town Center Plaza NAP NAP 68.1% 1.50x 9.9%   NAP 68.1% 1.50x 9.9%
26   Loan East Towne Green Bay NAP NAP 67.0% 1.40x 10.6%   NAP 67.0% 1.40x 10.6%
27   Loan Orlando Airport Marriott Lakeside $71,791,297 NAP 69.6% 1.68x 13.8%   NAP 69.6% 1.68x 13.8%
28   Loan Hyatt Place Santa Fe NAP NAP 69.3% 1.70x 13.4%   NAP 69.3% 1.70x 13.4%
29   Loan Broughton Street Collection NAP NAP 54.3% 1.86x 9.6%   NAP 54.3% 1.86x 9.6%
30   Loan Ocean Breeze NAP NAP 52.5% 1.83x 9.5%   NAP 52.5% 1.83x 9.5%
31   Loan Candlewood Suites Boise Meridian NAP NAP 39.5% 2.47x 19.3%   NAP 39.5% 2.47x 19.3%
32   Loan Torrance Technology Campus $93,750,000 NAP 71.4% 2.27x 10.3%   NAP 71.4% 2.27x 10.3%
33   Loan Dayton Medical Office Portfolio NAP NAP 60.1% 1.54x 11.2%   NAP 60.1% 1.54x 11.2%
33.01   Property Dover Medical Center     60.1% 1.54x 11.2%     60.1% 1.54x 11.2%
33.02   Property Mason Clinic     60.1% 1.54x 11.2%     60.1% 1.54x 11.2%
33.03   Property Paragon Lab     60.1% 1.54x 11.2%     60.1% 1.54x 11.2%
34   Loan Kosmo Village MHC NAP NAP 71.0% 1.36x 9.2%   NAP 71.0% 1.36x 9.2%
35   Loan Country Inn & Suites Buford NAP NAP 54.5% 1.79x 15.4%   NAP 54.5% 1.79x 15.4%
36   Loan Red Roof PLUS+ Poughkeepsie NAP NAP 61.4% 1.88x 15.6%   NAP 61.4% 1.88x 15.6%
37   Loan The Meadows NAP NAP 51.5% 1.93x 9.8%   NAP 51.5% 1.93x 9.8%
38   Loan Summit Point NAP NAP 72.7% 1.36x 10.3%   NAP 72.7% 1.36x 10.3%
39   Loan Casa Brae NAP NAP 59.7% 1.86x 9.5%   NAP 59.7% 1.86x 9.5%
40   Loan China Gate NAP NAP 55.5% 1.84x 9.4%   NAP 55.5% 1.84x 9.4%
41   Loan Napa Auto NAP NAP 63.4% 1.20x 9.4%   NAP 63.4% 1.20x 9.4%

 

A-1-22

 

 

  CSAIL 2018-CX12
  FOOTNOTES TO ANNEX A-1
   
(1) “Column” denotes Column Financial, Inc., “Natixis” denotes Natixis Real Estate Capital LLC, “AREF” denotes Argentic Real Estate Finance LLC and “RMF” denotes Rialto Mortgage Finance, LLC.
   
(2) Includes loans that at least one of Moody’s, Fitch and DBRS have confirmed, in the context of its inclusion in the Initial Pool Balance, have credit characteristics consistent with an investment grade obligation.
   
(3) With respect to any Mortgaged Property securing a multi property Mortgage Loan, the amounts listed under the headings Original Balance, Cut-off Date Balance and Maturity/ARD reflect the allocated loan amount related to such Mortgaged Property.
   
  Loan No. 11, Campus Hill Apartments - The mortgage loan documents do not contain provisions permitting the release of either individual mortgaged property, and therefore no allocated loan amounts were established for such mortgaged properties.
   
  Loan No. 14, Galveston Hotel Portfolio - The mortgage loan documents do not contain provisions permitting the release of either individual mortgaged property, and therefore no allocated loan amounts were established for such mortgaged properties.
   
(4) Loan Nos. 1, 2, 3, 4, 5, 10, 27 and 32 are part of a whole loan related to the Issuing Entity. For further information, see “Description of the Mortgage Pool-The Whole Loans-The Serviced Pari Passu Whole Loans”, “-The Non-Serviced Pari Passu Whole Loans”, and “Pooling and Servicing Agreement-Servicing of the Non-Serviced Mortgage Loans”, as applicable, in the prospectus.  
   
(5) Loan No. 2, Hilton Clearwater Beach Resort & Spa - The whole loan is secured by the borrower’s leasehold interest in the mortgaged property.  The mortgaged property is subject to a ground lease with an initial term of 99 years that extends through February 2079. Ground rent is the greater of (i) 3.0% of room sales and 1.0% of food and beverage sales and (ii) the minimum current annual ground rent of $701,912 until December 31, 2019. Thereafter, the minimum rental amount will be reset every 5 years to an amount equal to the average rental paid by the lessee over the immediately preceding 5 year period.
   
  Loan No. 19, Baldwin Square Shopping Center - The mortgage loan is secured by the borrower’s leasehold interest in the mortgaged property.  The mortgaged property is subject to a ground lease with an initial term of 99 years that extends through June 2112. Under the ground lease, annual ground rent is equal to the mortgaged real estate taxes due, plus nominal fees.
   
(6) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
   
  Loan No. 3, Aventura Mall - Macy’s, Bloomingdale’s, Macy’s Men & Home and Nordstrom (which comprise four of the six anchor tenants) own their respective improvements and are subject to ground leases.  
   
  Loan No. 8, Sahara Center - One of the pad sites, comprising 4,347 SF is ground leased to In-N-Out Burger, under a lease that expires on April 30, 2038.
   
  Loan No. 22, Pompano Beach Plaza - The mortgaged property includes a 1,750 SF Aroma Joe’s Café building operating under a ground lease between the related borrower, as lessor, and Caffeinated Cousins, LLC d/b/a Aroma Joe’s Coffee, pursuant to which the tenant owns the improvements and is responsible for all expenses, including real estate taxes.
   
(7) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.

 

A-1-23

 

 

   
  Loan No. 3, Aventura Mall - The borrower has entered into a master lease with the guarantors and Turnberry Retail Holding, L.P., which master lease covers a certain portion of the mortgaged property that is currently not occupied. The master lessees are required to pay an annual rent of $3,426,159 in equal monthly installments of approximately $285,513 each, only during (x) a period commencing on the occurrence of the DSCR based on the trailing four quarters falling below 1.50x for two consecutive quarters until cured in accordance with the loan documents, and/or (y) any of the following: (i) an event of default under the loan agreement, (ii) bankruptcy or insolvency of the borrower, (iii) bankruptcy or insolvency of the property manager (except where such bankruptcy or insolvency does not result in the cash or bank accounts associated with the mortgaged property being subsumed in such proceedings or result in a material adverse effect upon the operations of the mortgaged property or the value or security of the lender’s lien), or (iv) the period of time commencing on the date on which the DSCR (based on the trailing four calendar quarters) falls below 1.35x for two consecutive quarters until cured in accordance with the loan documents. The rent payable under the master lease is required to be reduced in connection with the leasing to retail tenants of space within the portions of the mortgaged property covered by the master lease (so long as the tenant under any such lease has taken occupancy and has commenced the payment of rent and the rent payable is above certain thresholds set forth in the master lease). The master lease will terminate on the earliest to occur of (i) the date on which the annual rent under the master lease is reduced to $0 or (ii) the date on which the annualized lease payments under all leases (not including percentage rent) at the mortgaged property exceeds $181,850,000; (iii) July 1, 2038; or (iv) the date on which the cancellation fee is paid by the master lessee to the lender in connection with cancelling the master lease at the master lessee’s election after the lender has provided notice that the lender has succeeded to the interest of the master lessor under the master lease by foreclosure, deed in lieu thereof or otherwise.
   
  Loan No. 4, Riverfront Plaza - The third largest tenant at the property, Owens & Minor Medical, Inc., has recently expanded its space to include an additional 11,425 SF and is expected to take occupancy of this additional space in August 2018. Owens & Minor Medical Inc. will begin paying rent for the additional space in August 2018.
   
(8) For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate, the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
   
(9) The classification of the lockbox types is described in the Free Writing Prospectus. See “Description of the Mortgage Pool - Lockbox Accounts” for further details.
   
  Loan No. 3, Aventura Mall – The borrower has entered into a master lease with the guarantors and Turnberry Retail Holding, L.P., which master lease covers a certain portion of the mortgaged property that is currently not occupied. The master lessees are required to pay an annual rent of $3,426,159 in equal monthly installments of approximately $285,513 each, only during (x) a period commencing on the occurrence of the DSCR based on the trailing four quarters falling below 1.50x for two consecutive quarters until cured in accordance with the loan documents, and/or (y) any of the following: (i) an event of default under the loan agreement, (ii) bankruptcy or insolvency of the borrower, (iii) bankruptcy or insolvency of the property manager (except where such bankruptcy or insolvency does not result in the cash or bank accounts associated with the mortgaged property being subsumed in such proceedings or result in a material adverse effect upon the operations of the mortgaged property or the value or security of the lender’s lien), or (iv) the period of time commencing on the date on which the DSCR (based on the trailing four calendar quarters) falls below 1.35x for two consecutive quarters until cured in accordance with the loan documents. The rent payable under the master lease is required to be reduced in connection with the leasing to retail tenants of space within the portions of the mortgaged property covered by the master lease (so long as the tenant under any such lease has taken occupancy and has commenced the payment of rent and the rent payable is above certain thresholds set forth in the master lease). The master lease will terminate on the earliest to occur of (i) the date on which the annual rent under the master lease is reduced to $0 or (ii) the date on which the annualized lease payments under all leases (not including percentage rent) at the mortgaged property exceeds $181,850,000; (iii) July 1, 2038; or (iv) a the date on which the cancellation fee is paid by the master lessee to the lender in connection with cancelling the master lease at the master lessee’s election after the lender has provided notice that the lender has succeeded to the interest of the master lessor under the master lease by foreclosure, deed in lieu thereof or otherwise.
   

 

A-1-24

 

 

(10) The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the interest-only period during the term of the mortgage loan.
   
(11) With regards to all mortgage loans with the exception of the mortgage loans listed below, the Cut-Off Date LTV Ratio and the Maturity Date LTV Ratio are based on the “as-is” Appraised Value even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
   
  Loan No. 26, East Towne Green Bay - The appraised value for the mortgaged property represents the “as-is” value, which includes the present value of the tax incentives of $1,120,000 as of February 15, 2018.  Based on the “as-is” appraised value of $9,300,000 as of February 15, 2018, without the present value of the tax incentives, the Cut-Off Date LTV Ratio and Maturity Date LTV Ratio are 75.1% and 62.6%, respectively.
   
(12) The L component of the prepayment provision represents lockout payments
  The “Def” component of the prepayment provision represents defeasance payment
  The “YM1” component of the prepayment provision represents greater of 1% of principal balance or yield maintenance payments.
  The “O” component of the prepayment provision represents the free payments including the Maturity Date
   
(13) Loan No. 3, Aventura Mall - In the event that certain anchor tenants cease operations or seek to assign the related lease, as applicable, to any person or in any manner that is not expressly permitted under the related lease, as applicable, the borrower has the right without the consent of the lender to (x) enter into a ground lease for the entirety of the JCPenney parcel or department store parcel (a “Department Store Ground Lease”) with a tenant that is a third-party or an affiliate of the borrower and (y) obtain the release of the lien on the ground leasehold estate created by the Department Store Ground Lease, including the improvements, from the lien of the mortgage loan upon satisfaction of certain terms and conditions including, without limitation: (i) the Department Store Ground Lease is in form and substance reasonably satisfactory to the lender; (ii) the lessee under the Department Store Ground Lease (or an affiliated guarantor) is a credit-worthy party acceptable to the lender; and (iii) the Department Store Ground Lease expires not less than 20 years after the related maturity date of the mortgage loan.
   
(14) Loan Nos. 1, 17, 21, 24, 26, 33 and 38 - One or more of such mortgaged properties (i) were constructed or the subject of a major renovation that was completed within 12 calendar months prior to the cut-off date and, therefore, the related mortgaged property has no or limited prior operating history, (ii) have a borrower or an affiliate under the related mortgage loan that acquired the related mortgaged property within 12 calendar months prior to the cut-off date and such borrower or affiliate was unable to provide the related mortgage loan seller with historical financial information for such acquired mortgaged property and/or (iii) are single tenant properties subject to triple-net leases with the related tenant where the related borrower did not provide the related mortgage loan seller with historical financial information for the related mortgaged property.
   
(15) With regards to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property.
   
(16) In certain cases, the data for tenants occupying multiple spaces includes square footage for all leases and is presented with the expiration date of the largest square footage expiring.
   
(17) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. See “Description of the Mortgage Pool-Tenant Issues-Lease Expirations and Terminations-Terminations” in the prospectus for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans.
   
  Loan No. 23, Shoppes at Sanford - The largest tenant, Rue 21, has the option to terminate its lease if Rue 21 does not achieve gross sales of at least $950,000 during the 12-month period of February 1, 2018 through
   

 

A-1-25

 

 

  January 31, 2019 with 60 days written notice sent within 90 days after the expiration of the measuring period and paying landlord a termination fee of $25,000. 
   
  Loan No. 26, East Towne Green Bay - The largest tenant, Marshalls, may terminate its lease if either of Ross Dress for Less or PetSmart is closed for more than a period of 365 days, at any time after the period but before the closed store reopens.  The second largest tenant, Ross Dress for Less, may terminate its lease if (i) Kohl’s and Marshalls fail to operate in less than 92,170 sf and 21,991 sf, respectively, (ii) a reasonably acceptable replacement is operating aggregately in less than 75% of such area under leases of less than three years and (iii) less than 70% of the leasable floor area on the landlord’s parcel is occupied by operating retailers (not including Ross Dress for Less) under leases of less than three years. If a violation of such co-tenancy provisions exists for 18 consecutive months, Ross Dress for Less will be entitled to pay the lesser of base rent and 2% of gross sales during the preceding month (50% if not open) until cured. If the co-tenancy violation continues on for an additional 12 consecutive months (30 months total), then Ross Dress for Less may terminate its lease at any time before the violation is cured. The third largest tenant, PetSmart, may terminate its lease if Ross Dress for Less and Marshalls (or comparable replacement tenants) fail to remain open to the public, fully-stocked, and staffed for the conduct of their respective businesses.  If such requirement is not satisfied for 30 consecutive days, then, until such requirement is satisfied, PetSmart’s base rent will be reduced by 50%.  If the requirement remains unsatisfied for 365 days after PetSmart begins paying reduced base rent, then, at any time until the related co-tenancy Requirement is satisfied, (i) PetSmart may terminate the lease upon 90 days’ notice; or (ii) the landlord may require PetSmart to either (x) terminate the lease or (y) resume paying the full base rent.
   
  Loan No. 38, Summit Point - The largest tenant, the State of Texas, has a right to terminate its lease at any time in the event state funding ceases if it is unable to assign it to another state agency or sublease it to a private third party. The second largest tenant, Texas Home Health Skilled Services, LP, has a one-time option to terminate on February 28, 2022 with 9 months’ notice and payment of a termination fee equal to the sum of the unamortized amount of construction allowance, leasing commissions, abated rent and 3 months gross rent. The third largest tenant, Quality Innovation, has a termination option with 3 months’ notice and payment of a termination fee equal to the unamortized lease commissions and two months’ rent in the event the tenant’s contract with the U.S. Department of Veteran Affairs is terminated.
   
(18) Represents the upfront and monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.
   
(19) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.
   
(20) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.
   
(21) Loan No. 7, Lakewood Plaza - All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $38,220,000. With respect to the Chase Bank lease, the borrower delivered a $2,000,000 letter of credit on July 30, 2018. The letter of credit will be returned to the borrower so long as (a) the borrower delivers an estoppel certificate from Chase Bank stating (i) the borrower has delivered to Chase Bank all approvals, (ii) the borrower has completed landlord’s work and Chase Bank has accepted possession of its premises and delivered the possession date memorandum, (iii) all of Chase Bank’s termination options have expired or been waived, and (iv) the date of the rent commencement date will have occurred; and (b) the debt yield is equal to or greater than 8.1%.  If the borrower has not satisfied the foregoing conditions on or before February 6, 2020, the lender may apply the letter of credit to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower.
   

 

A-1-26

 

 

(22) Loan No. 5, Queens Place - Provided that no default or event of default has occurred and is continuing, the borrower has an option to replace replacement reserve with a letter of credit with a notional amount of $66,920. Provided that no default or event of default has occurred and is continuing, the borrower also has an option to replace the TI/LC reserve with a letter of credit with a notional amount of $1,338,408.
   
(23) Loan No. 4, Riverfront Plaza - The mortgaged property was formerly equipped with a gasoline filling station on the central portion of the mortgaged property from 1964 through 1983, which included two underground storage tanks. A release of gasoline at the mortgaged property was reported in 1988. Based on the removal of the tanks, analytical results, regulatory closure, and redevelopment of the mortgaged property with five sub-grade parking levels and presumed removal of any remaining contaminated soils, the former underground storage tanks are considered a historic recognized environmental condition for which no further action is necessary.
   
  Loan No. 7, Lakewood Plaza - The Phase I environmental report dated June 28, 2018 identified a recognized environmental condition related to the prior operation of an on-site dry cleaning business.  An opinion of probable cost to determine the reasonable worst case scenario cost to cure the identified environmental condition was prepared by an environmental professional and $145,000 (125% of the cost to cure such environmental condition) was escrowed by the borrower at loan origination. In addition, the borrower obtained an environmental impairment liability (“EIL”) insurance policy from Beazley (Lloyd’s of London Syndicates 623/2623) naming the lender with its successors, assigns and/or affiliates as an additional named insured. The EIL policy has a term of ten years plus 30 days , policy limits of $3,000,000 per incident and in the aggregate, and a deductible of $50,000. The EIL policy premium was paid in full at loan origination. At origination, the borrower also deposited $37,485 into the environmental insurance reserve.
   
  Loan No. 32, Torrance Technology Campus - In connection with certain remediation efforts related to recognized environmental conditions, the mortgaged property is subject to land use covenant (“LUC”) agreements that restrict the land use and limit certain activity at the mortgaged property.  The related agreement generally prohibits the related mortgaged property from being used for any of the following purposes: (i) a residence; (ii) a hospital for humans; (iii) a public or private school for persons under 21 years of age; and (iv) a day care center for children. The related agreement is perpetual unless terminated by the Department of Toxic Substances Control.  The environmental consultant recommended that the related borrower comply with the LUCs and allow Boeing Satellite Systems to complete remediation.
   
(24) Loan No. 4, Riverfront Plaza - The whole loan amortizes based on a non-standard amortization schedule as set forth on Annex F to the prospectus. The UW NOI DSCR (P&I) and UW NCF DSCR (P&I) are calculated based on the aggregate of the twelve debt service payments commencing September 5, 2018.
   
(25) Loan No. 5, Queens Place - The mortgaged property benefits from an Industrial and Commercial Incentive Program (“ICIP”) that commenced in the 2002-2003 New York City fiscal year and is scheduled to expire at the end of the 2026-2027 New York City fiscal year.  For the New York City fiscal years through and including June 2018, the mortgaged property received a partial exemption equal to 100% of any tax increase resulting from the construction of the physical improvements on the mortgaged property. Beginning in July 2018, the exemption will decrease by 10% per year until it is phased out at the end of June 2027. The in-place underwriting includes the benefits of the tax abatement.
   
(26) Loan No. 11, Campus Hill Apartments - The $10,033,835 subordinate unsecured loan has a 10-year initial term, bears interest at a rate of 12.0% per annum and can be extended up to an extra 5 years. The borrower may be able to re-borrow any amounts that are repaid and the interest rate may change if the borrower and the subordinate lender agree, both of which are subject to senior lender’s consent which may not be unreasonably withheld.

 

A-1-27