FWP 1 n1464_anxa-x9.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226123-02
     

 

     
     
     
  Free Writing Prospectus dated February 8, 2019  
     
  The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates.  Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.  
     
  The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus.  This File does not contain all information that is required to be included in the prospectus.  This File should be reviewed only in conjunction with the entire prospectus.  Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.  
     
  The information in this File may be amended and/or supplemented prior to the time of sale.  The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.  
     
  Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus.  The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.  
     
  Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded.  Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system.  
     
     
     

 

 

 

 

JPMCC 2019-COR4
Annex A-1

                                 
                                 
                Number of Property   Property   Year    Unit of      Occupancy
Loan # Seller(1) Property Name Street Address City State Zip Code County Properties Type(2) Subtype Year Built Renovated Units(3)  Measure Occupancy %(4) Date
1 LCM Renaissance Seattle 515 Madison Street Seattle WA 98104 King 1 Hotel Full Service 1978 2017 557 Rooms 81.6% 09/30/18
2 LCM 400 South El Camino 400 South El Camino Real San Mateo CA 94402 San Mateo 1 Office CBD 1973 2015 145,179 Square Feet 96.0% 11/01/18
3 JPMCB Liberty Station Retail 2401, 2445 & 2495 Truxtun Road, 2850 Womble Road, 2400 Historic Decatur, 2881 Roosevelt Road, 2816, 2863 & 2965 Historic Decatur Road, 2860 & 2865 Sims Road, 2855 Perry Road, 2750 Dewey Road and 2556, 2560, 2588 Laning Road San Diego CA 92106 San Diego 1 Retail Anchored 1923, 1932, 1942, 2007 2009 327,704 Square Feet 92.4% 08/01/18
4 LCM Bedford Square 59 Post Road East Westport CT 06880 Fairfield 1 Mixed Use Retail/Multifamily 1900 2018 107,943 Square Feet 83.9% 11/01/18
5 LCM Saint Louis Galleria 1155 Saint Louis Galleria Saint Louis MO 63117 Saint Louis 1 Retail Super Regional Mall 1986 2011 465,695 Square Feet 96.9% 09/30/18
6 LCM Grand Hyatt Seattle 721 Pine Street Seattle WA 98101 King 1 Hotel Full Service 2001 2016 457 Rooms 86.6% 08/31/18
7 LCM Fleet Farm Distribution Center 1801 Commerce Parkway Chippewa Falls WI 54729 Chippewa 1 Industrial Warehouse/Distribution 2017   1,126,368 Square Feet 100.0% 02/06/19
8 LCM Peachtree Corners Marketplace 6135 Peachtree Parkway Norcross GA 30092 Gwinnett 1 Retail Anchored 1976 2018 121,379 Square Feet 95.6% 11/01/18
9 LCM Pier 54 Seattle 1001 Alaskan Way Seattle WA 98104 King 1 Mixed Use Retail/Office 1900 2015 65,749 Square Feet 66.6% 10/01/18
10 LCM CBBC Industrial Portfolio Various Various Various Various Various 4 Industrial Warehouse/Distribution Various Various 951,651 Square Feet 100.0% 02/06/19
10.01 LCM CBBC - Dallas, TX 5150 Pulaski Street Dallas TX 75247 Dallas 1 Industrial Warehouse/Distribution 1965, 1978 2015 284,550 Square Feet 100.0% 02/06/19
10.02 LCM CBBC - Winter Haven, FL 621 Snively Avenue Eloise FL 33880 Polk 1 Industrial Warehouse/Distribution 1950-2001 2017 330,000 Square Feet 100.0% 02/06/19
10.03 LCM CBBC - Lakeland, FL 330 North Ingraham Avenue Lakeland FL 33801 Polk 1 Industrial Warehouse/Distribution 1957-1996 2017 232,127 Square Feet 100.0% 02/06/19
10.04 LCM CBBC - Houston, TX 1190 West Loop North Houston TX 77055 Harris 1 Industrial Warehouse/Distribution 1965, 2000 2007 104,974 Square Feet 100.0% 02/06/19
11 LCM Arbors at the Park Ole Miss 805 College Hill Road Oxford MS 38655 Lafayette 1 Multifamily Student 2018   340 Beds 97.1% 08/01/18
12 LCM Inland Empire Office Portfolio I Various San Bernardino CA Various San Bernardino 2 Office Suburban Various Various 148,463 Square Feet 93.3% Various
12.01 LCM Lakeside Tower 650 East Hospitality Lane San Bernardino CA 92408 San Bernardino 1 Office Suburban 1989   116,603 Square Feet 91.4% 07/31/18
12.02 LCM One Hospitality 784 East Hospitality Lane San Bernardino CA 92415 San Bernardino 1 Office Suburban 1996 2018 31,860 Square Feet 100.0% 02/06/19
13 LCM 221 S Franklin 221 South Franklin Road Indianapolis IN 46219 Marion 1 Industrial Warehouse/Distribution 1972, 1978   823,088 Square Feet 100.0% 11/01/18
14 LCM Sorento Flats 1414 East Yesler Way Seattle WA 98122 King 1 Multifamily Mid-Rise 2017   154 Units 97.4% 01/01/19
15 LCM LA Fitness Van Nuys 6161 Sepulveda Boulevard Van Nuys CA 91411 Los Angeles 1 Retail Freestanding 2013 2018 53,200 Square Feet 100.0% 02/06/19
16 LCM 2581 Junction 2581 Junction Avenue San Jose CA 95134 Santa Clara 1 Office Suburban 1983 2016 92,864 Square Feet 100.0% 02/06/19
17 LCM Inland Empire Office Portfolio II Various San Bernardino CA 92408 San Bernardino 2 Office Suburban Various   132,527 Square Feet 87.7% 09/01/18
17.01 LCM Brier Corporate Center 862 East Hospitality Lane San Bernardino CA 92408 San Bernardino 1 Office Suburban 2006   104,501 Square Feet 88.2% 09/01/18
17.02 LCM Three Parkside 473 East Carnegie Lane San Bernardino CA 92408 San Bernardino 1 Office Suburban 2008   28,026 Square Feet 85.5% 09/01/18
18 JPMCB Sheraton Music City 777 McGavock Pike Nashville TN 37214 Davidson 1 Hotel Full Service 1985 2017 410 Rooms 76.7% 09/30/18
19 LCM RDM Chicago Portfolio Various Chicago IL Various Cook 4 Various Various Various Various 83,036 Square Feet 90.5% 08/27/18
19.01 LCM 1200 North Ashland Avenue 1200 North Ashland Avenue Chicago IL 60622 Cook 1 Mixed Use Office/Retail 1926 2005 53,235 Square Feet 85.2% 08/27/18
19.02 LCM 2015 West Irving Park Road 2015 West Irving Park Road Chicago IL 60618 Cook 1 Mixed Use Office/Retail 1949 2015 19,148 Square Feet 100.0% 08/27/18
19.03 LCM 1212 North Wells Street 1212 North Wells Street Chicago IL 60610 Cook 1 Retail Unanchored 2000   4,373 Square Feet 100.0% 08/27/18
19.04 LCM 230 West Division Street 230 West Division Street Chicago IL 60610 Cook 1 Retail Unanchored 2005   6,280 Square Feet 100.0% 08/27/18
20 LCM The Strand 3990 & 4000 Westerly Place Newport Beach CA 92660 Orange 1 Office Suburban 1972 2017 47,323 Square Feet 95.5% 11/01/18
21 LCM Medical Office & Walgreens Portfolio Various Various Various Various Various 6 Various Various Various   49,287 Square Feet 100.0% 02/06/19
21.01 LCM Walgreens Levittown 5200 New Falls Road Levittown PA 19056 Bucks 1 Retail Freestanding 2006   14,766 Square Feet 100.0% 02/06/19
21.02 LCM Fresenius Sun Prairie 2831 O'Keeffe Avenue Sun Prairie WI 53590 Dane 1 Office Medical 2017   7,304 Square Feet 100.0% 02/06/19
21.03 LCM Fresenius Darlington 1018 South Governor Williams Highway Darlington SC 29532 Darlington 1 Office Medical 2018   8,929 Square Feet 100.0% 02/06/19
21.04 LCM DaVita Memphis 5247 Airways Boulevard Memphis TN 38116 Shelby 1 Office Medical 2016   6,308 Square Feet 100.0% 02/06/19
21.05 LCM Fresenius Louisville 1715 Gagel Avenue Louisville KY 40216 Jefferson 1 Office Medical 2018   5,212 Square Feet 100.0% 02/06/19
21.06 LCM Fresenius Florence 1465 Pamplico Highway Florence SC 29505 Florence 1 Office Medical 2018   6,768 Square Feet 100.0% 02/06/19
22 LCM Hampton Inn & Suites Alpharetta 16785 Old Morris Road Alpharetta GA 30004 Fulton 1 Hotel Limited Service 1999 2013-2014 103 Rooms 84.4% 08/31/18
23 LCM Altura Office Building 4101 Indian School Road Northeast Albuquerque NM 87110 Bernalillo 1 Office Suburban 1999   109,305 Square Feet 100.0% 07/01/18
24 LCM LA Fitness Northridge 8400 Balboa Boulevard Northridge CA 91325 Los Angeles 1 Retail Freestanding 2018   37,000 Square Feet 100.0% 02/06/19
25 LCM 3500 Helms 3500, 3520 & 3521 Helms Avenue Culver City CA 90232 Los Angeles 1 Office CBD 1950, 1955 2012-2013, 2017 21,249 Square Feet 100.0% 02/06/19
26 LCM Vallejo MHC & RV Park 1867 Broadway Street Vallejo CA 94589 Solano 1 Manufactured Housing Manufactured Housing 1950   206 Pads 97.1% 11/07/18
27 LCM Hickory View Apartments 500 Hickoryview Drive Nashville TN 37211 Davidson 1 Multifamily Garden 1981 2014 120 Units 92.5% 10/18/18
28 JPMCB 1501 Experiment Farm Road 1501 Experiment Farm Road Troy OH 45373 Miami 1 Industrial Warehouse 1992   362,816 Square Feet 100.0% 02/01/19
29 JPMCB Carlsbad 5963 La Place Court Carlsbad CA 92008 San Diego 1 Office Suburban 1988 2016 62,026 Square Feet 90.1% 11/01/18
30 LCM Estrella Healthcare Campus 8921 West Thomas Road Phoenix AZ 85037 Maricopa 1 Office Medical 2005 2017 39,690 Square Feet 100.0% 02/06/19
31 JPMCB North Oak Marketplace 4820 North Oak Trafficway Kansas City MO 64118 Clay 1 Retail Anchored 1970, 1984, 1989, 2000 2005 154,756 Square Feet 96.4% 12/01/18
32 LCM Fresenius & DaVita Portfolio Various Various Various Various Various 4 Office Medical Various Various 33,170 Square Feet 100.0% 02/06/19
32.01 LCM Fresenius Medical Care Aurora 590 Laredo Street Aurora CO 80011 Arapahoe 1 Office Medical 2018   7,175 Square Feet 100.0% 02/06/19
32.02 LCM Fresenius Medical Care El Paso 10112-10116 Dyer Street El Paso TX 79924 El Paso 1 Office Medical 2018   7,961 Square Feet 100.0% 02/06/19
32.03 LCM DaVita Dialysis House Springs 40 Walters Place House Springs MO 63051 Jefferson 1 Office Medical 2017-2018   8,099 Square Feet 100.0% 02/06/19
32.04 LCM DaVita Dialysis St. Joseph 802-806 Jules Street St. Joseph MO 64501 Buchanan 1 Office Medical 1998 2018 9,935 Square Feet 100.0% 02/06/19
33 JPMCB Tru by Hilton McDonough 251 Avalon Court McDonough GA 30253 Henry 1 Hotel Limited Service 2017   90 Rooms 70.5% 10/31/18
34 LCM Northshore Plaza 1512 Wildcat Drive Portland TX 78374 San Patricio 1 Retail Anchored 1982   77,517 Square Feet 94.8% 09/04/18
35 JPMCB DPBI Portfolio Various Various Various Various Various 3 Retail Freestanding Various Various 18,278 Square Feet 100.0% 02/01/19
35.01 JPMCB National Tire & Battery 1002 Brook Forest Avenue Shorewood IL 60404 Will 1 Retail Freestanding 2006   7,964 Square Feet 100.0% 02/01/19
35.02 JPMCB Applebee's - Tifton 808 7th Street West Tifton GA 31794 Tift 1 Retail Freestanding 1998 2006 5,200 Square Feet 100.0% 02/01/19
35.03 JPMCB Applebee's - Calhoun 1008 Highway 53 Southeast Calhoun GA 30701 Gordon 1 Retail Freestanding 2013   5,114 Square Feet 100.0% 02/01/19
36 LCM Wilton Walk Townhomes 603, 605, 609 & 611 Northeast 28th Street Wilton Manors FL 33334 Broward 1 Multifamily Garden 2010, 2018 2018 18 Units 100.0% 08/20/18
37 LCM Colony Square Outparcels 3545, 3557, 3573 & 3581 Maple Avenue and 1327 Brandywine Boulevard Zanesville OH 43701 Muskingum 1 Retail Unanchored 1985, 2002, 2006, 2012, 2017 2014 24,012 Square Feet 100.0% 11/19/18
38 JPMCB Liberty Commons 201-213 South Stewart Road Liberty MO 64068 Clay 1 Retail Shadow Anchored 2017   14,493 Square Feet 100.0% 07/31/18

 

 A-1-1

 

 

JPMCC 2019-COR4
Annex A-1

                                         
              Original   Current           Net          
      Appraised Appraisal Current Original Balance Current   Balance % of Initial Crossed Related   Interest   Admin. Mortgage   Monthly Debt Annual Debt   First  
Loan # Seller(1) Property Name Value ($)(5) Date LTV %(5) Balance ($)(6)(7) per Unit ($) Balance ($)(6)(7) per Unit ($) Pool Balance Loan Borrower(8) Rate %(9) Fee %(9) Rate %(9) Accrual Type Service ($)(10)(11) Service ($)(11) Note Date Payment Date
1 LCM Renaissance Seattle 229,700,000 03/08/17 55.3% 77,000,000 228,007 77,000,000 228,007 9.9% No Yes - Group 1 4.81000 0.01500 4.79500 Actual/360 312,928.36 3,755,140.32 05/02/17 06/06/17
2 LCM 400 South El Camino 128,000,000 10/09/18 58.6% 75,000,000 517 75,000,000 517 9.7% No No 4.69700 0.01850 4.67850 Actual/360 388,843.13 4,666,117.56 11/28/18 01/06/19
3 JPMCB Liberty Station Retail 170,000,000 10/01/18 68.8% 67,000,000 357 67,000,000 357 8.7% No No 5.23000 0.03850 5.19150 Actual/360 296,064.00 3,552,768.00 11/15/18 01/01/19
4 LCM Bedford Square 105,000,000 10/19/18 45.7% 48,000,000 445 48,000,000 445 6.2% No No 5.45150 0.01850 5.43300 Actual/360 221,088.61 2,653,063.32 11/30/18 01/06/19
5 LCM Saint Louis Galleria 465,600,000 09/24/18 51.5% 46,479,245 515 46,479,245 515 6.0% No No 4.99677 0.01500 4.98177 Actual/360 255,307.22 3,063,686.64 11/01/18 12/01/18
6 LCM Grand Hyatt Seattle 242,300,000 03/08/17 54.9% 33,000,000 291,028 33,000,000 291,028 4.3% No Yes - Group 1 4.74000 0.01500 4.72500 Actual/360 132,160.42 1,585,925.04 05/05/17 06/06/17
7 LCM Fleet Farm Distribution Center 50,500,000 12/05/17 64.0% 32,700,000 29 32,303,006 29 4.2% No No 4.69700 0.01850 4.67850 Actual/360 169,535.61 2,034,427.32 03/23/18 05/06/18
8 LCM Peachtree Corners Marketplace 40,000,000 08/29/18 61.5% 24,600,000 203 24,600,000 203 3.2% No No 5.21280 0.01850 5.19430 Actual/360 133,983.02 1,607,796.22 11/13/18 01/06/19
9 LCM Pier 54 Seattle 41,000,000 02/01/18 56.1% 23,000,000 350 23,000,000 350 3.0% No No 4.99000 0.01850 4.97150 Actual/360 96,970.02 1,163,640.24 05/25/18 07/06/18
10 LCM CBBC Industrial Portfolio 85,880,000 Various 61.7% 20,000,000 56 20,000,000 56 2.6% No No 5.08000 0.01375 5.06625 Actual/360 85,842.59 1,030,111.08 10/30/18 12/06/18
10.01 LCM CBBC - Dallas, TX 34,680,000 09/18/18   8,074,675   8,074,675   1.0%                    
10.02 LCM CBBC - Winter Haven, FL 21,000,000 09/19/18   4,891,571   4,891,571   0.6%                    
10.03 LCM CBBC - Lakeland, FL 19,300,000 09/19/18   4,393,739   4,393,739   0.6%                    
10.04 LCM CBBC - Houston, TX 10,900,000 09/18/18   2,640,015   2,640,015   0.3%                    
11 LCM Arbors at the Park Ole Miss 35,700,000 08/23/18 55.9% 19,950,000 58,676 19,950,000 58,676 2.6% No No 5.29000 0.01850 5.27150 Actual/360 109,030.99 1,308,371.90 10/09/18 12/06/18
12 LCM Inland Empire Office Portfolio I 32,500,000 06/26/18 60.9% 19,800,000 133 19,800,000 133 2.6% No Yes - Group 2 4.77500 0.01850 4.75650 Actual/360 103,584.75 1,243,017.00 09/11/18 11/06/18
12.01 LCM Lakeside Tower 24,200,000 06/26/18   14,553,000   14,553,000   1.9%                    
12.02 LCM One Hospitality 8,300,000 06/26/18   5,247,000   5,247,000   0.7%                    
13 LCM 221 S Franklin 28,000,000 08/02/18 68.8% 19,250,000 23 19,250,000 23 2.5% No No 5.48600 0.01850 5.46750 Actual/360 109,130.35 1,309,564.20 11/13/18 01/06/19
14 LCM Sorento Flats 30,700,000 10/11/18 59.3% 18,200,000 118,182 18,200,000 118,182 2.4% No No 5.20000 0.03850 5.16150 Actual/360 79,962.04 959,544.48 01/23/19 03/06/19
15 LCM LA Fitness Van Nuys 30,450,000 09/14/18 59.1% 18,000,000 338 18,000,000 338 2.3% No Yes - Group 3 5.11100 0.01850 5.09250 Actual/360 77,729.79 932,757.48 10/31/18 12/06/18
16 LCM 2581 Junction 33,000,000 10/08/18 51.5% 17,000,000 183 17,000,000 183 2.2% No No 5.29600 0.01850 5.27750 Actual/360 76,068.70 912,824.40 11/15/18 01/06/19
17 LCM Inland Empire Office Portfolio II 27,500,000 06/26/18 60.4% 16,600,000 125 16,600,000 125 2.1% No Yes - Group 2 4.93800 0.01850 4.91950 Actual/360 88,484.45 1,061,813.40 10/09/18 12/06/18
17.01 LCM Brier Corporate Center 22,000,000 06/26/18   13,150,000   13,150,000   1.7%                    
17.02 LCM Three Parkside 5,500,000 06/26/18   3,450,000   3,450,000   0.4%                    
18 JPMCB Sheraton Music City 115,000,000 04/01/18 60.3% 15,000,000 170,732 14,862,461 169,166 1.9% No No 4.94000 0.01500 4.92500 Actual/360 79,974.10 959,689.20 05/23/18 07/01/18
19 LCM RDM Chicago Portfolio 24,650,000 07/25/18 60.2% 14,850,000 179 14,850,000 179 1.9% No No 5.13100 0.01850 5.11250 Actual/360 80,911.15 970,933.80 09/13/18 11/06/18
19.01 LCM 1200 North Ashland Avenue 15,650,000 07/25/18   9,500,000   9,500,000   1.2%                    
19.02 LCM 2015 West Irving Park Road 4,800,000 07/25/18   2,850,000   2,850,000   0.4%                    
19.03 LCM 1212 North Wells Street 2,200,000 07/25/18   1,310,000   1,310,000   0.2%                    
19.04 LCM 230 West Division Street 2,000,000 07/25/18   1,190,000   1,190,000   0.2%                    
20 LCM The Strand 21,000,000 09/04/18 64.3% 13,500,000 285 13,500,000 285 1.7% No No 5.07100 0.01850 5.05250 Actual/360 57,841.09 694,093.08 10/10/18 12/06/18
21 LCM Medical Office & Walgreens Portfolio 22,655,000 Various 57.4% 13,000,000 264 13,000,000 264 1.7% No Yes - Group 2 4.73800 0.01850 4.71950 Actual/360 67,720.16 812,641.92 06/08/18 08/06/18
21.01 LCM Walgreens Levittown 6,800,000 05/08/18   3,840,000   3,840,000   0.5%                    
21.02 LCM Fresenius Sun Prairie 3,555,000 05/09/18   2,080,000   2,080,000   0.3%                    
21.03 LCM Fresenius Darlington 3,300,000 05/08/18   1,895,000   1,895,000   0.2%                    
21.04 LCM DaVita Memphis 3,150,000 05/09/18   1,825,000   1,825,000   0.2%                    
21.05 LCM Fresenius Louisville 2,950,000 05/09/18   1,700,000   1,700,000   0.2%                    
21.06 LCM Fresenius Florence 2,900,000 05/08/18   1,660,000   1,660,000   0.2%                    
22 LCM Hampton Inn & Suites Alpharetta 18,100,000 10/10/19 65.5% 11,850,000 115,049 11,850,000 115,049 1.5% No No 5.06000 0.01850 5.04150 Actual/360 64,048.60 768,583.20 12/14/18 02/06/19
23 LCM Altura Office Building 19,200,000 05/14/18 60.9% 11,700,000 107 11,700,000 107 1.5% No Yes - Group 2 5.21800 0.01850 5.19950 Actual/360 64,376.13 772,513.56 08/24/18 10/06/18
24 LCM LA Fitness Northridge 21,100,000 11/04/18 52.1% 11,000,000 297 11,000,000 297 1.4% No Yes - Group 3 5.10000 0.01850 5.08150 Actual/360 47,399.31 568,791.72 12/10/18 02/06/19
25 LCM 3500 Helms 19,250,000 10/10/18 57.1% 11,000,000 518 11,000,000 518 1.4% No No 5.30500 0.01850 5.28650 Actual/360 49,304.57 591,654.84 11/05/18 12/06/18
26 LCM Vallejo MHC & RV Park 19,480,000 12/07/18 55.2% 10,750,000 52,184 10,750,000 52,184 1.4% No No 5.35000 0.01850 5.33150 Actual/360 60,029.47 720,353.64 12/21/18 02/06/19
27 LCM Hickory View Apartments 14,400,000 01/23/18 73.6% 10,600,000 88,333 10,600,000 88,333 1.4% No No 5.47000 0.01850 5.45150 Actual/360 48,989.42 587,873.04 02/22/18 04/06/18
28 JPMCB 1501 Experiment Farm Road 13,700,000 11/28/18 67.0% 9,187,500 25 9,178,412 25 1.2% No No 5.30000 0.01850 5.28150 Actual/360 51,018.61 612,223.32 12/21/18 02/01/19
29 JPMCB Carlsbad 14,000,000 12/17/18 65.0% 9,100,000 147 9,100,000 147 1.2% No No 4.70000 0.05850 4.64150 Actual/360 36,136.69 433,640.28 01/18/19 03/01/19
30 LCM Estrella Healthcare Campus 13,500,000 05/22/18 63.7% 8,600,000 217 8,600,000 217 1.1% No No 5.11700 0.01850 5.09850 Actual/360 46,783.56 561,402.72 06/21/18 08/06/18
31 JPMCB North Oak Marketplace 12,750,000 12/04/18 65.0% 8,287,500 54 8,287,500 54 1.1% No No 4.95000 0.01850 4.93150 Actual/360 44,236.19 530,834.28 01/18/19 03/01/19
32 LCM Fresenius & DaVita Portfolio 13,915,000 Various 59.4% 8,270,000 249 8,270,000 249 1.1% No Yes - Group 2 4.39200 0.01850 4.37350 Actual/360 41,373.86 496,486.32 07/24/18 09/06/18
32.01 LCM Fresenius Medical Care Aurora 3,915,000 05/30/18   2,360,000   2,360,000   0.3%                    
32.02 LCM Fresenius Medical Care El Paso 3,740,000 05/24/18   2,200,000   2,200,000   0.3%                    
32.03 LCM DaVita Dialysis House Springs 3,480,000 05/25/18   2,060,000   2,060,000   0.3%                    
32.04 LCM DaVita Dialysis St. Joseph 2,780,000 05/21/18   1,650,000   1,650,000   0.2%                    
33 JPMCB Tru by Hilton McDonough 12,400,000 11/01/18 65.5% 8,125,000 90,278 8,125,000 90,278 1.0% No No 5.20000 0.01850 5.18150 Actual/360 44,615.26 535,383.12 01/09/19 03/01/19
34 LCM Northshore Plaza 8,400,000 09/09/18 73.8% 6,200,000 80 6,200,000 80 0.8% No No 5.40900 0.01850 5.39050 Actual/360 34,849.75 418,197.00 11/15/18 01/06/19
35 JPMCB DPBI Portfolio 9,735,000 Various 51.3% 5,000,000 274 4,994,687 273 0.6% No No 5.00000 0.06850 4.93150 Actual/360 26,841.08 322,092.96 12/06/18 02/01/19
35.01 JPMCB National Tire & Battery 4,200,000 11/07/18   2,050,000   2,047,822   0.3%                    
35.02 JPMCB Applebee's - Tifton 2,815,000 11/05/18   1,500,000   1,498,406   0.2%                    
35.03 JPMCB Applebee's - Calhoun 2,720,000 11/06/18   1,450,000   1,448,459   0.2%                    
36 LCM Wilton Walk Townhomes 7,200,000 07/10/18 68.1% 4,900,000 272,222 4,900,000 272,222 0.6% No No 5.16500 0.01850 5.14650 Actual/360 21,383.34 256,600.08 10/05/18 11/06/18
37 LCM Colony Square Outparcels 5,805,000 04/17/18 70.5% 4,100,000 171 4,091,652 170 0.5% No No 5.19000 0.01850 5.17150 Actual/360 22,488.23 269,858.76 11/28/18 01/06/19
38 JPMCB Liberty Commons 5,670,000 10/01/18 71.4% 4,050,000 279 4,046,001 279 0.5% No No 5.30700 0.01850 5.28850 Actual/360 22,507.45 270,089.40 12/14/18 02/01/19

 

 A-1-2

 

 

JPMCC 2019-COR4
Annex A-1

                                     
                                     
      Partial IO Partial IO Loan Rem. Rem.     Payment Grace Period Grace Period     Final Maturity   Maturity Prepayment
Loan # Seller(1) Property Name Last IO Payment First P&I Payment Term Amort I/O Period Seasoning Due Date (Late Payment)(12) (Default)(12) Maturity Date ARD Loan Mat Date Balance ($)(6)   LTV %(5) Provision (Payments)(13)
1 LCM Renaissance Seattle     100 0 121 21 6 0 0 06/06/27 No 06/06/27 77,000,000   55.3% L(45),Def(72),O(4)
2 LCM 400 South El Camino 12/06/20 01/06/21 118 360 24 2 6 0 0 12/06/28 No 12/06/28 64,387,638   50.3% Grtr1%orYM(116),O(4)
3 JPMCB Liberty Station Retail     118 0 120 2 1 0 0 12/01/28 No 12/01/28 67,000,000   68.8% L(25),Grtr1%orYM(1),DeforGrtr1%orYM(91),O(3)
4 LCM Bedford Square     118 0 120 2 6 0 0 12/06/28 No 12/06/28 48,000,000   45.7% L(26),Def(90),O(4)
5 LCM Saint Louis Galleria 11/01/23 12/01/23 117 360 60 3 1 0 1 (Once per year) 11/01/28 No 11/01/28 42,352,114   47.0% L(27),Def(88),O(5)
6 LCM Grand Hyatt Seattle     100 0 121 21 6 0 0 06/06/27 No 06/06/27 33,000,000   54.9% L(45),Def(72),O(4)
7 LCM Fleet Farm Distribution Center     110 350 0 10 6 0 0 04/06/28 No 04/06/28 26,618,948   52.7% L(34),Def(82),O(4)
8 LCM Peachtree Corners Marketplace 12/06/21 01/06/22 118 360 36 2 6 0 0 12/06/28 No 12/06/28 21,988,400   55.0% L(26),Def(91),O(3)
9 LCM Pier 54 Seattle     112 0 120 8 6 0 0 06/06/28 No 06/06/28 23,000,000   56.1% L(32),Def(84),O(4)
10 LCM CBBC Industrial Portfolio     117 0 120 3 6 0 0 11/06/28 No 11/06/28 20,000,000   61.7% L(23),Grtr1%orYM(4),DeforGrtr1%orYM(88),O(5)
10.01 LCM CBBC - Dallas, TX                         8,074,675      
10.02 LCM CBBC - Winter Haven, FL                         4,891,571      
10.03 LCM CBBC - Lakeland, FL                         4,393,739      
10.04 LCM CBBC - Houston, TX                         2,640,015      
11 LCM Arbors at the Park Ole Miss 05/06/19 06/06/19 117 360 6 3 6 0 0 11/06/28 No 11/06/28 16,967,808   47.5% L(27),Def(90),O(3)
12 LCM Inland Empire Office Portfolio I 10/06/23 11/06/23 116 360 60 4 6 0 0 10/06/28 No 10/06/28 18,200,297   56.0% L(28),Def(89),O(3)
12.01 LCM Lakeside Tower                         13,377,218      
12.02 LCM One Hospitality                         4,823,079      
13 LCM 221 S Franklin 12/06/23 01/06/24 118 360 60 2 6 0 0 12/06/28 No 12/06/28 17,883,291   63.9% L(26),Def(90),O(4)
14 LCM Sorento Flats     120 0 120 0 6 0 0 02/06/29 No 02/06/29 18,200,000   59.3% L(24),Def(91),O(5)
15 LCM LA Fitness Van Nuys     117 0 120 3 6 0 0 11/06/28 No 11/06/28 18,000,000   59.1% L(27),Def(90),O(3)
16 LCM 2581 Junction     118 0 120 2 6 0 0 12/06/28 No 12/06/28 17,000,000   51.5% L(26),Def(90),O(4)
17 LCM Inland Empire Office Portfolio II 11/06/23 12/06/23 117 360 60 3 6 0 0 11/06/28 No 11/06/28 15,296,792   55.6% L(27),Def(90),O(3)
17.01 LCM Brier Corporate Center                         12,117,640      
17.02 LCM Three Parkside                         3,179,153      
18 JPMCB Sheraton Music City     112 352 0 8 1 0 2 (Once per year) 06/01/28 No 06/01/28 12,309,614   50.0% L(25),Grtr1%orYM(92),O(3)
19 LCM RDM Chicago Portfolio 10/06/21 11/06/21 116 360 36 4 6 0 0 10/06/28 No 10/06/28 13,183,468   53.5% L(28),Def(88),O(4)
19.01 LCM 1200 North Ashland Avenue                         8,433,868      
19.02 LCM 2015 West Irving Park Road                         2,530,160      
19.03 LCM 1212 North Wells Street                         1,162,986      
19.04 LCM 230 West Division Street                         1,056,453      
20 LCM The Strand     117 0 120 3 6 0 0 11/06/28 No 11/06/28 13,500,000   64.3% L(27),Def(88),O(5)
21 LCM Medical Office & Walgreens Portfolio 07/06/23 08/06/23 113 360 60 7 6 0 0 07/06/28 No 07/06/28 11,943,180   52.7% L(31),Def(86),O(3)
21.01 LCM Walgreens Levittown                         3,527,832      
21.02 LCM Fresenius Sun Prairie                         1,910,909      
21.03 LCM Fresenius Darlington                         1,740,948      
21.04 LCM DaVita Memphis                         1,676,639      
21.05 LCM Fresenius Louisville                         1,561,800      
21.06 LCM Fresenius Florence                         1,525,052      
22 LCM Hampton Inn & Suites Alpharetta 01/06/20 02/06/20 119 360 12 1 6 0 0 01/06/29 No 01/06/29 10,022,539   55.4% L(25),Def(91),O(4)
23 LCM Altura Office Building 09/06/23 10/06/23 115 360 60 5 6 0 0 09/06/28 No 09/06/28 10,826,922   56.4% L(29),Def(88),O(3)
24 LCM LA Fitness Northridge     119 0 120 1 6 0 0 01/06/29 No 01/06/29 11,000,000   52.1% L(25),Def(92),O(3)
25 LCM 3500 Helms     117 0 120 3 6 0 0 11/06/28 No 11/06/28 11,000,000   57.1% L(27),Def(89),O(4)
26 LCM Vallejo MHC & RV Park 01/06/22 02/06/22 119 360 36 1 6 0 0 01/06/29 No 01/06/29 9,587,446   49.2% L(25),Def(92),O(3)
27 LCM Hickory View Apartments     109 0 120 11 6 0 0 03/06/28 No 03/06/28 10,600,000   73.6% L(35),Def(81),O(4)
28 JPMCB 1501 Experiment Farm Road     119 359 0 1 1 0 0 01/01/29 No 01/01/29 7,626,755   55.7% L(25),Def(92),O(3)
29 JPMCB Carlsbad     120 0 120 0 1 5 5 02/01/29 No 02/01/29 9,100,000   65.0% L(24),Def(1),DeforGrtr1%orYM(90),Grtr1%orYM(1),O(4)
30 LCM Estrella Healthcare Campus 07/06/22 08/06/22 113 360 48 7 6 0 0 07/06/28 No 07/06/28 7,793,989   57.7% L(31),Def(85),O(4)
31 JPMCB North Oak Marketplace 02/01/22 03/01/22 120 360 36 0 1 5 5 02/01/29 No 02/01/29 7,327,797   57.5% L(25),Grtr1%orYM(92),O(3)
32 LCM Fresenius & DaVita Portfolio 08/06/23 09/06/23 114 360 60 6 6 0 0 08/06/28 No 08/06/28 7,555,597   54.3% L(30),Def(87),O(3)
32.01 LCM Fresenius Medical Care Aurora                         2,156,132      
32.02 LCM Fresenius Medical Care El Paso                         2,009,953      
32.03 LCM DaVita Dialysis House Springs                         1,882,047      
32.04 LCM DaVita Dialysis St. Joseph                         1,507,465      
33 JPMCB Tru by Hilton McDonough     120 360 0 0 1 0 0 02/01/29 No 02/01/29 6,722,743   54.2% L(25),Grtr1%orYM(92),O(3)
34 LCM Northshore Plaza 12/06/20 01/06/21 118 360 24 2 6 0 0 12/06/28 No 12/06/28 5,418,966   64.5% L(26),Def(91),O(3)
35 JPMCB DPBI Portfolio     59 359 0 1 1 0 0 01/01/24 No 01/01/24 4,611,052   47.4% L(25),Grtr1%orYM(32),O(3)
35.01 JPMCB National Tire & Battery                         1,890,531      
35.02 JPMCB Applebee's - Tifton                         1,383,316      
35.03 JPMCB Applebee's - Calhoun                         1,337,205      
36 LCM Wilton Walk Townhomes     116 0 120 4 6 0 0 10/06/28 No 10/06/28 4,900,000   68.1% L(28),Def(88),O(4)
37 LCM Colony Square Outparcels     118 358 0 2 6 0 0 12/06/28 No 12/06/28 3,391,887   58.4% L(26),Def(90),O(4)
38 JPMCB Liberty Commons     119 359 0 1 1 0 0 01/01/29 No 01/01/29 3,362,742   59.3% L(25),Grtr1%orYM(92),O(3)

 

 

 A-1-3

 

 

JPMCC 2019-COR4
Annex A-1

                                 
      HISTORICAL FINANCIALS(14)  
                                UW
      2015 2015 2015 2016 2016 2016 2017 2017 2017 Most Recent Most Recent Most Recent   Economic
Loan # Seller(1) Property Name Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($) Revenues ($) Total Expenses ($) NOI ($)  Revenues ($)  Total Expenses ($) NOI ($)(15) As of Occupancy %
1 LCM Renaissance Seattle 40,908,326 25,083,570 15,824,756 42,150,053 26,056,984 16,093,069 44,064,524 27,781,962 16,282,562 44,885,370 28,621,493 16,263,877 09/30/18 81.6%
2 LCM 400 South El Camino 7,358,335 2,052,848 5,305,486 7,986,620 2,279,874 5,706,746 8,343,837 2,333,841 6,009,997 9,763,351 2,385,531 7,377,820 09/30/18 95.0%
3 JPMCB Liberty Station Retail 9,262,534 2,928,914 6,333,620 10,987,815 3,287,760 7,700,055 11,752,629 4,101,991 7,650,638 12,739,202 3,686,770 9,052,432 08/31/18 94.8%
4 LCM Bedford Square                   4,677,580 1,238,119 3,439,461 10/31/18 83.7%
5 LCM Saint Louis Galleria 35,791,437 10,624,571 25,166,866 37,373,498 10,525,998 26,847,500 37,193,781 10,197,175 26,996,606 37,310,336 10,000,986 27,309,350 08/31/18 97.1%
6 LCM Grand Hyatt Seattle 40,411,207 25,893,073 14,518,134 42,069,129 26,736,437 15,332,692 43,235,832 27,217,686 16,018,146 43,986,498 27,506,795 16,479,703 08/31/18 86.4%
7 LCM Fleet Farm Distribution Center                           90.0%
8 LCM Peachtree Corners Marketplace 656,966 228,494 428,472 941,931 300,768 641,163 1,399,377 374,336 1,025,042 1,797,868 392,704 1,405,164 07/31/18 93.0%
9 LCM Pier 54 Seattle             2,786,450 1,196,618 1,589,832 2,849,621 951,108 1,898,513 08/31/18 66.6%
10 LCM CBBC Industrial Portfolio                           95.0%
10.01 LCM CBBC - Dallas, TX                            
10.02 LCM CBBC - Winter Haven, FL                            
10.03 LCM CBBC - Lakeland, FL                            
10.04 LCM CBBC - Houston, TX                            
11 LCM Arbors at the Park Ole Miss                           92.5%
12 LCM Inland Empire Office Portfolio I       2,585,859 1,081,881 1,503,978 2,474,812 1,061,702 1,413,110 2,608,517 1,178,225 1,430,292 07/31/18 92.1%
12.01 LCM Lakeside Tower       2,364,784 990,112 1,374,672 2,474,812 960,683 1,514,129 2,493,771 1,019,836 1,473,935 07/31/18 91.2%
12.02 LCM One Hospitality       221,075 91,769 129,306 0 101,019 -101,019 114,746 158,389 -43,643 07/31/18 95.0%
13 LCM 221 S Franklin             1,160,270 678,132 482,138 2,432,247 873,232 1,559,015 07/31/18 92.3%
14 LCM Sorento Flats                   1,976,352 588,453 1,387,899 11/30/18 95.0%
15 LCM LA Fitness Van Nuys 400,000 0 400,000 400,000 0 400,000 400,000 0 400,000 1,100,000 0 1,100,000 08/31/18 95.0%
16 LCM 2581 Junction                   1,932,090 282,431 1,649,659 08/31/18 90.0%
17 LCM Inland Empire Office Portfolio II       1,477,005 865,581 611,424 1,402,895 923,146 479,749 2,073,214 1,038,248 1,034,966 08/31/18 88.1%
17.01 LCM Brier Corporate Center       1,172,532 669,217 503,315 1,006,974 700,572 306,402 1,421,267 765,156 656,111 08/31/18 88.4%
17.02 LCM Three Parkside       304,473 196,364 108,109 395,921 222,574 173,347 651,947 273,092 378,855 08/31/18 87.0%
18 JPMCB Sheraton Music City 23,777,574 16,485,575 7,291,999 25,241,806 16,794,736 8,447,070 22,141,598 15,743,088 6,398,510 25,160,493 17,100,788 8,059,705 09/30/18 80.0%
19 LCM RDM Chicago Portfolio 1,890,253 692,013 1,198,240 2,112,897 835,718 1,277,179 1,879,862 914,676 965,186 2,024,788 901,325 1,123,463 07/31/18 91.8%
19.01 LCM 1200 North Ashland Avenue 1,216,063 555,129 660,934 1,349,787 673,995 675,792 1,141,789 728,608 413,181 1,313,274 727,410 585,864 07/31/18 91.2%
19.02 LCM 2015 West Irving Park Road 431,375 99,383 331,992 496,518 120,166 376,352 470,212 137,674 332,538 436,915 133,935 302,980 07/31/18 92.0%
19.03 LCM 1212 North Wells Street 134,296 26,964 107,332 156,453 28,568 127,885 157,699 32,726 124,973 161,351 25,963 135,388 07/31/18 95.0%
19.04 LCM 230 West Division Street 108,519 10,537 97,982 110,139 12,989 97,150 110,162 15,668 94,494 113,248 14,017 99,231 07/31/18 95.0%
20 LCM The Strand       1,006,857 553,369 453,488 979,090 574,413 404,677 1,256,195 590,758 665,437 08/31/18 92.0%
21 LCM Medical Office & Walgreens Portfolio                           97.8%
21.01 LCM Walgreens Levittown                           95.0%
21.02 LCM Fresenius Sun Prairie                           100.0%
21.03 LCM Fresenius Darlington                           100.0%
21.04 LCM DaVita Memphis                           95.0%
21.05 LCM Fresenius Louisville                           100.0%
21.06 LCM Fresenius Florence                           100.0%
22 LCM Hampton Inn & Suites Alpharetta 3,475,538 2,310,547 1,164,991 3,891,778 2,405,518 1,486,260 4,046,788 2,501,174 1,545,613 4,000,142 2,481,779 1,518,363 08/31/18 84.4%
23 LCM Altura Office Building 1,669,314 760,409 908,904 1,639,048 730,720 908,328 2,375,738 903,155 1,472,583 2,461,599 885,854 1,575,745 06/30/18 92.0%
24 LCM LA Fitness Northridge                           95.0%
25 LCM 3500 Helms 806,584 165,821 640,763 664,895 164,445 500,450 1,036,157 235,766 800,391 1,108,326 194,778 913,548 07/31/18 95.1%
26 LCM Vallejo MHC & RV Park       1,560,165 705,825 854,340 1,617,893 707,135 910,758 1,737,122 752,312 984,811 11/30/18 97.1%
27 LCM Hickory View Apartments 1,133,929 436,564 697,365 1,316,993 438,474 878,519 1,370,013 542,337 827,676 1,389,182 495,306 893,876 09/30/18 89.9%
28 JPMCB 1501 Experiment Farm Road                           95.0%
29 JPMCB Carlsbad       696,040 401,324 294,717 872,858 394,448 478,409         90.0%
30 LCM Estrella Healthcare Campus                           90.0%
31 JPMCB North Oak Marketplace 1,450,813 362,560 1,088,253 1,441,708 368,002 1,073,706 1,527,346 375,159 1,152,187 1,538,816 376,227 1,162,588 09/30/18 93.5%
32 LCM Fresenius & DaVita Portfolio                           97.9%
32.01 LCM Fresenius Medical Care Aurora                           100.0%
32.02 LCM Fresenius Medical Care El Paso                           100.0%
32.03 LCM DaVita Dialysis House Springs                           95.0%
32.04 LCM DaVita Dialysis St. Joseph                           95.0%
33 JPMCB Tru by Hilton McDonough                   2,370,855 1,466,738 904,117 10/31/18 70.5%
34 LCM Northshore Plaza 769,944 317,084 452,860 894,226 241,503 652,723 976,175 289,763 686,412 1,003,454 327,212 676,241 09/30/18 94.0%
35 JPMCB DPBI Portfolio 579,093 0 579,093 591,243 0 591,243 600,766 0 600,766 602,332 0 602,332 09/30/18 95.0%
35.01 JPMCB National Tire & Battery 222,438 0 222,438 230,723 0 230,723 236,636 0 236,636 236,637 0 236,637 09/30/18 95.0%
35.02 JPMCB Applebee's - Tifton 181,350 0 181,350 183,315 0 183,315 185,153 0 185,153 185,924 0 185,924 09/30/18 95.0%
35.03 JPMCB Applebee's - Calhoun 175,305 0 175,305 177,205 0 177,205 178,977 0 178,977 179,771 0 179,771 09/30/18 95.0%
36 LCM Wilton Walk Townhomes                   238,000 75,109 162,891 06/30/18 95.0%
37 LCM Colony Square Outparcels                           96.0%
38 JPMCB Liberty Commons                           95.0%

 

 

 A-1-4

 

 

 

JPMCC 2019-COR4
Annex A-1

                                   
                                   
      UW UW Total UW UW Capital UW UW UW NCF UW NOI UW NCF   Ground Lease Ground Lease Franchise    
Loan # Seller(1) Property Name Revenues ($)(4) Expenses ($) NOI ($)(4)(15)(16) Items ($) NCF ($)(4)(16) NOI DSCR(17) DSCR(17) Debt Yield % Debt Yield % Title Type(18) Expiration Extension Terms Expiration Date(19) PML %(20)  
1 LCM Renaissance Seattle 44,885,370 28,882,387 16,002,982 2,244,268 13,758,714 2.58 2.22 12.6% 10.8% Fee     08/14/2028 8%  
2 LCM 400 South El Camino 10,328,734 2,583,895 7,744,839 425,374 7,319,465 1.66 1.57 10.3% 9.8% Fee       16%  
3 JPMCB Liberty Station Retail 13,968,591 4,609,164 9,359,427 376,860 8,982,567 1.51 1.45 8.0% 7.7% Fee/Leasehold 12/31/2070 None   19%  
4 LCM Bedford Square 6,048,015 1,723,994 4,324,021 103,940 4,220,081 1.63 1.59 9.0% 8.8% Fee          
5 LCM Saint Louis Galleria 37,642,385 10,481,622 27,160,764 676,467 26,484,297 1.72 1.67 11.3% 11.0% Fee          
6 LCM Grand Hyatt Seattle 43,899,089 27,568,430 16,330,659 2,194,954 14,135,705 2.55 2.21 12.3% 10.6% Fee     01/31/2044 10%  
7 LCM Fleet Farm Distribution Center 3,155,531 94,666 3,060,865 349,174 2,711,691 1.50 1.33 9.5% 8.4% Fee          
8 LCM Peachtree Corners Marketplace 2,864,949 520,992 2,343,957 115,310 2,228,647 1.46 1.39 9.5% 9.1% Fee          
9 LCM Pier 54 Seattle 2,873,322 1,024,372 1,848,950 31,560 1,817,390 1.59 1.56 8.0% 7.9% Fee/Leasehold 07/31/2046 None   8%  
10 LCM CBBC Industrial Portfolio 5,678,349 170,350 5,507,998 682,363 4,825,635 2.02 1.77 10.4% 9.1% Fee          
10.01 LCM CBBC - Dallas, TX                   Fee          
10.02 LCM CBBC - Winter Haven, FL                   Fee          
10.03 LCM CBBC - Lakeland, FL                   Fee          
10.04 LCM CBBC - Houston, TX                   Fee          
11 LCM Arbors at the Park Ole Miss 2,587,400 688,417 1,898,983 34,000 1,864,983 1.45 1.43 9.5% 9.3% Fee          
12 LCM Inland Empire Office Portfolio I 3,693,905 1,440,541 2,253,365 215,271 2,038,094 1.81 1.64 11.4% 10.3% Fee       Various  
12.01 LCM Lakeside Tower 2,800,419 1,129,652 1,670,767 169,074 1,501,693         Fee       12%  
12.02 LCM One Hospitality 893,486 310,889 582,598 46,197 536,401         Fee       10%  
13 LCM 221 S Franklin 2,798,930 876,738 1,922,192 164,247 1,757,944 1.47 1.34 10.0% 9.1% Fee          
14 LCM Sorento Flats 2,053,123 631,443 1,421,680 38,500 1,383,180 1.48 1.44 7.8% 7.6% Fee       9%  
15 LCM LA Fitness Van Nuys 1,781,087 274,828 1,506,259 10,640 1,495,619 1.61 1.60 8.4% 8.3% Fee       11%  
16 LCM 2581 Junction 2,248,977 632,971 1,616,006 109,580 1,506,426 1.77 1.65 9.5% 8.9% Fee       17%  
17 LCM Inland Empire Office Portfolio II 3,050,524 1,149,196 1,901,329 192,164 1,709,164 1.79 1.61 11.5% 10.3% Fee       Various  
17.01 LCM Brier Corporate Center 2,364,631 861,117 1,503,515 151,526 1,351,988         Fee       4%  
17.02 LCM Three Parkside 685,893 288,079 397,814 40,638 357,176         Fee       16%  
18 JPMCB Sheraton Music City 25,851,995 17,679,953 8,172,043 0 8,172,043 1.82 1.82 11.8% 11.8% Fee     06/30/2036    
19 LCM RDM Chicago Portfolio 2,303,242 933,256 1,369,987 99,644 1,270,344 1.41 1.31 9.2% 8.6% Fee          
19.01 LCM 1200 North Ashland Avenue 1,596,286 749,283 847,003 63,882 783,121         Fee          
19.02 LCM 2015 West Irving Park Road 437,146 139,826 297,320 22,978 274,342         Fee          
19.03 LCM 1212 North Wells Street 159,859 31,596 128,263 5,248 123,016         Fee          
19.04 LCM 230 West Division Street 109,951 12,551 97,401 7,536 89,865         Fee          
20 LCM The Strand 1,866,963 639,110 1,227,853 109,316 1,118,537 1.77 1.61 9.1% 8.3% Fee       9%  
21 LCM Medical Office & Walgreens Portfolio 1,385,218 41,557 1,343,662 4,929 1,338,733 1.65 1.65 10.3% 10.3% Fee       Various  
21.01 LCM Walgreens Levittown 406,600 12,198 394,402 1,477 392,925         Fee          
21.02 LCM Fresenius Sun Prairie 217,626 6,529 211,097 730 210,367         Fee          
21.03 LCM Fresenius Darlington 209,952 6,299 203,653 893 202,760         Fee          
21.04 LCM DaVita Memphis 175,711 5,271 170,440 631 169,809         Fee       5%  
21.05 LCM Fresenius Louisville 191,752 5,753 186,000 521 185,479         Fee          
21.06 LCM Fresenius Florence 183,577 5,507 178,070 677 177,393         Fee          
22 LCM Hampton Inn & Suites Alpharetta 4,000,142 2,424,562 1,575,580 120,004 1,455,576 2.05 1.89 13.3% 12.3% Fee     12/31/2033    
23 LCM Altura Office Building 2,331,206 889,453 1,441,753 131,166 1,310,587 1.87 1.70 12.3% 11.2% Fee          
24 LCM LA Fitness Northridge 1,384,409 384,272 1,000,136 7,400 992,736 1.76 1.75 9.1% 9.0% Fee       9%  
25 LCM 3500 Helms 1,242,646 314,201 928,444 25,074 903,371 1.57 1.53 8.4% 8.2% Fee       16%  
26 LCM Vallejo MHC & RV Park 1,754,686 795,805 958,881 10,300 948,581 1.33 1.32 8.9% 8.8% Fee       15%  
27 LCM Hickory View Apartments 1,389,182 532,686 856,496 30,000 826,496 1.46 1.41 8.1% 7.8% Fee          
28 JPMCB 1501 Experiment Farm Road 1,613,822 508,724 1,105,098 36,282 1,068,817 1.81 1.75 12.0% 11.6% Fee          
29 JPMCB Carlsbad 1,531,768 501,864 1,029,904 32,026 997,878 2.38 2.30 11.3% 11.0% Fee       10%  
30 LCM Estrella Healthcare Campus 1,029,411 236,898 792,513 28,577 763,936 1.41 1.36 9.2% 8.9% Fee          
31 JPMCB North Oak Marketplace 1,384,766 379,396 1,005,370 108,811 896,560 1.89 1.69 12.1% 10.8% Fee          
32 LCM Fresenius & DaVita Portfolio 837,188 25,115 812,072 3,318 808,755 1.64 1.63 9.8% 9.8% Fee          
32.01 LCM Fresenius Medical Care Aurora 252,776 7,583 245,192 718 244,475         Fee          
32.02 LCM Fresenius Medical Care El Paso 235,930 7,078 228,852 796 228,056         Fee          
32.03 LCM DaVita Dialysis House Springs 192,682 5,780 186,902 810 186,092         Fee          
32.04 LCM DaVita Dialysis St. Joseph 155,800 4,674 151,126 994 150,132         Fee          
33 JPMCB Tru by Hilton McDonough 2,370,855 1,478,939 891,916 0 891,916 1.67 1.67 11.0% 11.0% Fee     02/28/2038    
34 LCM Northshore Plaza 1,113,439 373,985 739,454 73,641 665,813 1.77 1.59 11.9% 10.7% Fee          
35 JPMCB DPBI Portfolio 557,976 0 557,976 3,656 554,321 1.73 1.72 11.2% 11.1% Fee          
35.01 JPMCB National Tire & Battery 229,017 0 229,017 1,593 227,424         Fee          
35.02 JPMCB Applebee's - Tifton 167,268 0 167,268 1,040 166,228         Fee          
35.03 JPMCB Applebee's - Calhoun 161,691 0 161,691 1,023 160,668         Fee          
36 LCM Wilton Walk Townhomes 565,440 160,535 404,905 4,500 400,405 1.58 1.56 8.3% 8.2% Fee          
37 LCM Colony Square Outparcels 480,428 89,428 391,000 12,000 379,000 1.45 1.40 9.6% 9.3% Fee          
38 JPMCB Liberty Commons 556,234 144,245 411,989 16,667 395,322 1.53 1.46 10.2% 9.8% Fee          

 

 

 A-1-5

 

 

 

JPMCC 2019-COR4
Annex A-1

                         
      UPFRONT ESCROW(21)  
                         
      Upfront Capex Upfront Engin. Upfront Envir. Upfront TI/LC Upfront RE Tax Upfront Ins. Upfront Debt Service Upfront Other Other Upfront  
Loan # Seller(1) Property Name Reserve ($) Reserve ($)  Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)  
1 LCM Renaissance Seattle 0 0 0 0 95,000 280,000 0 2,866,271 PIP Reserve  
2 LCM 400 South El Camino 0 0 0 0 0 0 0 0    
3 JPMCB Liberty Station Retail 4,074 0 0 27,159 515,493 0 0 1,202,027 Outstanding TI/LC Reserve: 970,683; Free Rent Reserve: 231,344  
4 LCM Bedford Square 0 0 0 0 235,000 70,000 0 684,740 Anthropologie Reserve: 500,000; Outstanding TI/LC Reserve: 184,740  
5 LCM Saint Louis Galleria 0 0 0 0 0 0 0 1,675,345 Outstanding TI Reserve: 1,593,050; Bridge Rents Reserve: 82,295  
6 LCM Grand Hyatt Seattle 0 0 0 0 0 0 0 0    
7 LCM Fleet Farm Distribution Center 0 0 0 0 0 0 0 0    
8 LCM Peachtree Corners Marketplace 0 8,050 0 0 30,000 32,000 0 53,515 Outstanding TI/LC Reserve  
9 LCM Pier 54 Seattle 0 0 0 0 18,000 93,000 0 11,281 Ground Lease Reserve  
10 LCM CBBC Industrial Portfolio 0 0 0 0 0 0 0 0    
10.01 LCM CBBC - Dallas, TX                    
10.02 LCM CBBC - Winter Haven, FL                    
10.03 LCM CBBC - Lakeland, FL                    
10.04 LCM CBBC - Houston, TX                    
11 LCM Arbors at the Park Ole Miss 0 0 0 0 9,276 19,724 0 706,000 Zoning Discrepancy Reserve  
12 LCM Inland Empire Office Portfolio I 500,000 0 0 2,500,000 260,000 0 0 49,400 Outstanding TI/LC Reserve: 28,500; Free Rent Reserve: 20,900  
12.01 LCM Lakeside Tower                    
12.02 LCM One Hospitality                    
13 LCM 221 S Franklin 300,000 37,188 0 1,900,000 75,000 24,000 0 15,730 Free Rent Reserve  
14 LCM Sorento Flats 0 10,188 0 0 78,872 34,291 0 196,202 Coffee on Yesler Reserve: 190,000; Sewer Capacity Reserve: 6,202.26  
15 LCM LA Fitness Van Nuys 0 0 0 0 0 0 0 0    
16 LCM 2581 Junction 0 0 0 0 172,000 12,750 0 0    
17 LCM Inland Empire Office Portfolio II 132,527 0 0 2,100,000 95,000 0 0 596,900 Outstanding TI/LC Reserve: 445,532.50; Free Rent Reserve: 151,367.04  
17.01 LCM Brier Corporate Center                    
17.02 LCM Three Parkside                    
18 JPMCB Sheraton Music City 77,916 0 0 0 0 0 0 1,433,000 PIP Reserve  
19 LCM RDM Chicago Portfolio 0 0 0 400,000 125,000 22,000 0 79,009 Free Rent Reserve  
19.01 LCM 1200 North Ashland Avenue                    
19.02 LCM 2015 West Irving Park Road                    
19.03 LCM 1212 North Wells Street                    
19.04 LCM 230 West Division Street                    
20 LCM The Strand 0 0 0 455,471 30,000 4,000 0 170,437 Free Rent Reserve  
21 LCM Medical Office & Walgreens Portfolio 49,287 0 0 0 55,000 0 0 180,000 Management Fee Reserve  
21.01 LCM Walgreens Levittown                    
21.02 LCM Fresenius Sun Prairie                    
21.03 LCM Fresenius Darlington                    
21.04 LCM DaVita Memphis                    
21.05 LCM Fresenius Louisville                    
21.06 LCM Fresenius Florence                    
22 LCM Hampton Inn & Suites Alpharetta 0 0 0 0 56,179 3,812 0 690,525 PIP Reserve  
23 LCM Altura Office Building 220,000 218,569 0 1,500,000 0 0 0 100,994 Free Rent Reserve  
24 LCM LA Fitness Northridge 0 0 0 0 140,000 800 0 0    
25 LCM 3500 Helms 0 0 0 0 26,225 0 0 127,945 Free Rent Reserve  
26 LCM Vallejo MHC & RV Park 0 150,500 0 0 90,000 6,000 0 260,000 BI Flood Reserve  
27 LCM Hickory View Apartments 755,834 13,970 0 0 22,212 5,787 0 0    
28 JPMCB 1501 Experiment Farm Road 0 0 0 30,235 0 0 0 1,219,020 Outstanding TI Reserve  
29 JPMCB Carlsbad 201,034 0 0 504,600 0 0 0 40,596 Outstanding Tenant Obligations Reserve  
30 LCM Estrella Healthcare Campus 0 12,338 0 0 59,000 12,650 0 0    
31 JPMCB North Oak Marketplace 1,934 64,779 0 7,093 34,395 0 0 0    
32 LCM Fresenius & DaVita Portfolio 33,170 0 0 0 32,500 0 0 120,000 Management Fee Reserve  
32.01 LCM Fresenius Medical Care Aurora                    
32.02 LCM Fresenius Medical Care El Paso                    
32.03 LCM DaVita Dialysis House Springs                    
32.04 LCM DaVita Dialysis St. Joseph                    
33 JPMCB Tru by Hilton McDonough 7,905 0 0 0 20,985 0 0 0    
34 LCM Northshore Plaza 0 359,000 0 200,000 0 5,000 0 91,000 Burgerim Reserve  
35 JPMCB DPBI Portfolio 0 0 0 0 0 0 0 0    
35.01 JPMCB National Tire & Battery                    
35.02 JPMCB Applebee's - Tifton                    
35.03 JPMCB Applebee's - Calhoun                    
36 LCM Wilton Walk Townhomes 0 0 0 0 48,500 7,500 0 0    
37 LCM Colony Square Outparcels 0 7,813 0 0 22,230 0 0 0    
38 JPMCB Liberty Commons 181 0 0 1,208 6,665 638 0 0    

 

 

 A-1-6

 

 

JPMCC 2019-COR4
Annex A-1

                     
      MONTHLY ESCROW(22)  
                     
      Monthly Capex Monthly Envir. Monthly TI/LC Monthly RE Tax Monthly Ins. Monthly Other Other Monthly  
Loan # Seller(1) Property Name Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Reserve ($) Description ($)  
1 LCM Renaissance Seattle 5.0% of Gross Income 0 0 116,000 28,000 0    
2 LCM 400 South El Camino Springing 0 Springing Springing Springing 0    
3 JPMCB Liberty Station Retail 4,074 0 27,309 103,098 Springing 0    
4 LCM Bedford Square 1,804 0 4,889 90,000 12,300 0    
5 LCM Saint Louis Galleria Springing 0 Springing Springing Springing 0    
6 LCM Grand Hyatt Seattle Springing 0 0 Springing Springing 0    
7 LCM Fleet Farm Distribution Center Springing 0 0 Springing Springing 0    
8 LCM Peachtree Corners Marketplace 2,023 0 7,586 22,000 2,900 0    
9 LCM Pier 54 Seattle 1,371 0 Springing 9,250 16,600 3,800 Ground Lease Reserve  
10 LCM CBBC Industrial Portfolio Springing 0 Springing Springing Springing 0    
10.01 LCM CBBC - Dallas, TX                
10.02 LCM CBBC - Winter Haven, FL                
10.03 LCM CBBC - Lakeland, FL                
10.04 LCM CBBC - Houston, TX                
11 LCM Arbors at the Park Ole Miss 2,833 0 0 17,662 Springing 0    
12 LCM Inland Empire Office Portfolio I Springing 0 Springing 34,500 Springing 0    
12.01 LCM Lakeside Tower                
12.02 LCM One Hospitality                
13 LCM 221 S Franklin Springing 0 0 37,300 7,940 0    
14 LCM Sorento Flats 3,208 0 0 19,718 2,449 3,101 Sewer Capacity Reserve  
15 LCM LA Fitness Van Nuys Springing 0 Springing Springing Springing 0    
16 LCM 2581 Junction 1,161 0 0 34,400 12,750 0    
17 LCM Inland Empire Office Portfolio II Springing 0 Springing 27,600 Springing 0    
17.01 LCM Brier Corporate Center                
17.02 LCM Three Parkside                
18 JPMCB Sheraton Music City 4% of Gross Revenues 0 0 Springing Springing Springing PIP Reserve  
19 LCM RDM Chicago Portfolio 1,384 0 Springing 32,000 3,100 0    
19.01 LCM 1200 North Ashland Avenue                
19.02 LCM 2015 West Irving Park Road                
19.03 LCM 1212 North Wells Street                
19.04 LCM 230 West Division Street                
20 LCM The Strand 789 0 5,915 14,510 800 0    
21 LCM Medical Office & Walgreens Portfolio Springing 0 0 15,700 Springing 0    
21.01 LCM Walgreens Levittown                
21.02 LCM Fresenius Sun Prairie                
21.03 LCM Fresenius Darlington                
21.04 LCM DaVita Memphis                
21.05 LCM Fresenius Louisville                
21.06 LCM Fresenius Florence                
22 LCM Hampton Inn & Suites Alpharetta 4% of Gross Revenues 0 0 14,045 1,906 0    
23 LCM Altura Office Building 0 0 Springing 10,000 Springing 0 Free Rent Reserve  
24 LCM LA Fitness Northridge 617 0 Springing 22,850 800 0    
25 LCM 3500 Helms 319 0 1,771 6,665 Springing 0    
26 LCM Vallejo MHC & RV Park 858 0 0 18,000 800 Springing BI Flood Reserve  
27 LCM Hickory View Apartments 3,000 0 0 11,106 2,894 0    
28 JPMCB 1501 Experiment Farm Road Springing 0 30,235 Springing Springing 0    
29 JPMCB Carlsbad 1,034 0 5,168 0 Springing Springing Outstanding Tenant Obligations Reserve  
30 LCM Estrella Healthcare Campus 728 0 827 9,750 1,020 0    
31 JPMCB North Oak Marketplace 1,934 0 7,093 17,198 Springing 0    
32 LCM Fresenius & DaVita Portfolio Springing 0 0 9,700 Springing 0    
32.01 LCM Fresenius Medical Care Aurora                
32.02 LCM Fresenius Medical Care El Paso                
32.03 LCM DaVita Dialysis House Springs                
32.04 LCM DaVita Dialysis St. Joseph                
33 JPMCB Tru by Hilton McDonough 4% of Gross Income 0 0 6,995 Springing Springing PIP Reserve  
34 LCM Northshore Plaza 969 0 4,845 8,236 1,445 0    
35 JPMCB DPBI Portfolio Springing 0 0 Springing Springing 0    
35.01 JPMCB National Tire & Battery                
35.02 JPMCB Applebee's - Tifton                
35.03 JPMCB Applebee's - Calhoun                
36 LCM Wilton Walk Townhomes 375 0 0 7,880 2,420 Springing Cash Management Security Reserve  
37 LCM Colony Square Outparcels 400 0 1,833 1,853 Springing 0    
38 JPMCB Liberty Commons 181 0 1,208 6,665 638 Springing Free Rent Reserve; Outstanding TI Reserve Fund  

 

 

 A-1-7

 

 

JPMCC 2019-COR4
Annex A-1

                                       
      RESERVE CAPS(23)     LARGEST TENANT(24)(26)   2nd LARGEST TENANT(4)(26)  
                                       
      CapEx Envir. TI/LC RE Tax Insur. Debt Service Other   Single     Lease       Lease  
Loan # Seller(1) Property Name  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)  Reserve Cap ($)   Tenant Largest Tenant Unit Size Expiration   2nd Largest Tenant Unit Size Expiration  
1 LCM Renaissance Seattle                 No                
2 LCM 400 South El Camino                 No Alibaba Group 42,549 07/31/23   ZS Associates 28,885 04/30/22  
3 JPMCB Liberty Station Retail     1,638,520           No VONS Companies 51,839 10/31/27   Stone Brewing Co. 22,514 08/31/27  
4 LCM Bedford Square 64,944   176,004           No Anthropologie 40,758 08/31/32   Williams-Sonoma 7,424 01/31/29  
5 LCM Saint Louis Galleria 236,181   1,889,448           No Galleria 6 Cinemas 19,624 08/31/23   H&M 12,913 01/31/21  
6 LCM Grand Hyatt Seattle                 No                
7 LCM Fleet Farm Distribution Center                 Yes Fleet Farm 1,126,368 02/28/38          
8 LCM Peachtree Corners Marketplace     364,137           No LA Fitness 37,000 10/31/33   NCG Cinemas 30,009 01/31/31  
9 LCM Pier 54 Seattle     200,000           No Acres of Clams 21,747 05/31/46   Ivar's, Inc. 8,235 05/31/27  
10 LCM CBBC Industrial Portfolio 190,330   666,156           Yes                
10.01 LCM CBBC - Dallas, TX                 Yes Colorado Boxed Beef Company 284,550 10/31/38          
10.02 LCM CBBC - Winter Haven, FL                 Yes Colorado Boxed Beef Company 330,000 10/31/38          
10.03 LCM CBBC - Lakeland, FL                 Yes Colorado Boxed Beef Company 232,127 10/31/38          
10.04 LCM CBBC - Houston, TX                 Yes Colorado Boxed Beef Company 104,974 10/31/38          
11 LCM Arbors at the Park Ole Miss                 No                
12 LCM Inland Empire Office Portfolio I 400,000   2,000,000           Various                
12.01 LCM Lakeside Tower                 No Lewis Brisbois Bisgaard & Smith LLP 29,725 08/31/23   CalPERS 13,851 11/30/20  
12.02 LCM One Hospitality                 Yes County of San Bernardino 31,860 01/15/28          
13 LCM 221 S Franklin                 No Pioneer 256,000 08/31/24   Hoosier Freight & Warehousing 166,688 07/31/22  
14 LCM Sorento Flats                 No                
15 LCM LA Fitness Van Nuys                 Yes LA Fitness 53,200 01/31/33          
16 LCM 2581 Junction                 Yes Thin Film Electronics, Inc. 92,864 10/05/28          
17 LCM Inland Empire Office Portfolio II     2,100,000           No                
17.01 LCM Brier Corporate Center                 No San Manuel Band of Mission Indians 26,929 11/30/23   Northrop Grumman Systems Corp. 25,459 07/31/24  
17.02 LCM Three Parkside                 No RGN-San Bernardino I, LLC 15,210 07/31/27   Dept. of Motor Vehicles 7,150 11/30/24  
18 JPMCB Sheraton Music City                 No                
19 LCM RDM Chicago Portfolio     200,000           No                
19.01 LCM 1200 North Ashland Avenue                 No CVS 12,405 03/26/36   GAINSystems 9,648 12/31/20  
19.02 LCM 2015 West Irving Park Road                 No Guaranteed Rate 6,150 09/30/23   Swedish Convenant 5,100 10/31/21  
19.03 LCM 1212 North Wells Street                 No My Eye Dr 2,500 03/31/20   Spa Dabin 1,000 03/31/24  
19.04 LCM 230 West Division Street                 No Papa John's Pizza 3,582 04/30/22   Shred 415 2,698 05/09/22  
20 LCM The Strand 19,000   285,000           No RSI Insurance Brokers, Inc. 7,865 07/31/22   Prosum 4,194 01/31/23  
21 LCM Medical Office & Walgreens Portfolio                 Yes                
21.01 LCM Walgreens Levittown                 Yes Walgreens 14,766 01/31/82          
21.02 LCM Fresenius Sun Prairie                 Yes Fresenius Medical Care Sun Prairie 7,304 12/31/32          
21.03 LCM Fresenius Darlington                 Yes Fresenius Medical Care Darlington 8,929 02/23/33          
21.04 LCM DaVita Memphis                 Yes DaVita Dialysis Memphis 6,308 04/18/32          
21.05 LCM Fresenius Louisville                 Yes Fresenius Medical Care Louisville 5,212 01/19/33          
21.06 LCM Fresenius Florence                 Yes Fresenius Medical Care Florence 6,768 05/11/33          
22 LCM Hampton Inn & Suites Alpharetta                 No                
23 LCM Altura Office Building     1,500,000           No Lovelace Health Systems 37,365 09/30/26   Butt, Thornton & Baehr PC 30,110 12/31/23  
24 LCM LA Fitness Northridge 22,200               Yes LA Fitness 37,000 07/31/33          
25 LCM 3500 Helms     106,245           Yes FrameStore Inc. 21,249 03/31/27          
26 LCM Vallejo MHC & RV Park                 No                
27 LCM Hickory View Apartments                 No                
28 JPMCB 1501 Experiment Farm Road     725,632           Yes Avenue Stores 362,816 12/31/34          
29 JPMCB Carlsbad     310,130           No HERE North America 13,472 09/30/21   Sonic Boom Wellness 8,832 05/31/20  
30 LCM Estrella Healthcare Campus                 Yes SMI Imaging, LLC 39,690 06/30/33          
31 JPMCB North Oak Marketplace     425,579           No Price Chopper 70,335 12/31/24   Goodwill 35,484 08/31/23  
32 LCM Fresenius & DaVita Portfolio                 Yes                
32.01 LCM Fresenius Medical Care Aurora                 Yes Fresenius Medical Care Aurora 7,175 02/24/33          
32.02 LCM Fresenius Medical Care El Paso                 Yes Fresenius Medical Care El Paso 7,961 06/07/33          
32.03 LCM DaVita Dialysis House Springs                 Yes DaVita Dialysis House Springs 8,099 05/31/33          
32.04 LCM DaVita Dialysis St. Joseph                 Yes DaVita Dialysis St. Joseph 9,935 05/31/32          
33 JPMCB Tru by Hilton McDonough 284,502               No                
34 LCM Northshore Plaza     400,000           No Bealls 32,032 01/31/27   Dollar Tree 8,640 07/31/20  
35 JPMCB DPBI Portfolio                 Yes                
35.01 JPMCB National Tire & Battery                 Yes National Tire & Battery 7,964 05/31/31          
35.02 JPMCB Applebee's - Tifton                 Yes Applebee's 5,200 02/28/38          
35.03 JPMCB Applebee's - Calhoun                 Yes Applebee's 5,114 02/28/38          
36 LCM Wilton Walk Townhomes                 No                
37 LCM Colony Square Outparcels     88,000           No National Tire & Battery 7,000 12/31/24   Longhorn Steakhouse 6,500 11/30/22  
38 JPMCB Liberty Commons     86,958           No Jose Pepper 5,452 08/31/28   Hand & Stone Massage 3,144 05/31/23  

 

 

 A-1-8

 

 

JPMCC 2019-COR4
Annex A-1

                                   
      3rd LARGEST TENANT   4th LARGEST TENANT(25)(26)   5th LARGEST TENANT        
                                   
          Lease       Lease       Lease   Loan   Lockbox
Loan # Seller(1) Property Name 3rd Largest Tenant Unit Size Expiration   4th Largest Tenant Unit Size Expiration   5th Largest Tenant Unit Size Expiration   Purpose Principal / Carveout Guarantor(27)  (Y/N)
1 LCM Renaissance Seattle                         Refinance Hedreen Holdings LLC Yes
2 LCM 400 South El Camino Barulich Dugoni Law Group 10,347 09/30/19   UBS 7,833 03/31/24   Sanderling Mgmt. Co, LLC 6,641 09/30/20   Refinance A.J. Batt Yes
3 JPMCB Liberty Station Retail Liberty Public Market 21,929 01/31/26   828 Events 14,896 05/31/29   Trader Joe's 14,843 03/31/22   Acquisition Seligman & Associates, Inc., Pendulum Property Partners, LLC Yes
4 LCM Bedford Square HSBC 3,230 02/29/28   Higgins Group 2,900 05/31/24   Charter Realty & Dev. 2,714 07/31/22   Refinance B. Lance Sauerteig, David Waldman, Paul S. Brandes, Dan Zelson Yes
5 LCM Saint Louis Galleria Victoria's Secret 12,892 01/31/26   Urban Outfitters 12,623 01/31/21   Forever 21 11,798 01/31/20   Refinance BPR OP, LP (F/K/A GGP Operating Partnership, LP) Yes
6 LCM Grand Hyatt Seattle                         Refinance Hedreen Holdings LLC Yes
7 LCM Fleet Farm Distribution Center                         Recapitalization iStar Net Lease I LLC Yes
8 LCM Peachtree Corners Marketplace Aldi 17,374 02/28/32   Buffalo Wild Wings 5,540 05/31/27   County Tag Office 4,000 03/31/19   Refinance Jacob Khotoveli Yes
9 LCM Pier 54 Seattle Pier 54 Kidd Valley Restaurant 3,512 05/31/37   Ye Olde Curiosity Shop, Inc. 3,462 11/30/25   Pier 54 Fish Bar 2,512 05/31/46   Recapitalization A. F. Gilmore Company Yes
10 LCM CBBC Industrial Portfolio                         Acquisition New Mountain Net Lease Corporation, New Mountain Net Lease Partners Corporation Yes
10.01 LCM CBBC - Dallas, TX                              
10.02 LCM CBBC - Winter Haven, FL                              
10.03 LCM CBBC - Lakeland, FL                              
10.04 LCM CBBC - Houston, TX                              
11 LCM Arbors at the Park Ole Miss                         Refinance Trinity Business Group, L.L.C., Sidney G. Brian Yes
12 LCM Inland Empire Office Portfolio I                         Acquisition Jeff Pori Yes
12.01 LCM Lakeside Tower Copier Source, Inc. 12,246 01/31/21   Health Net of California, Inc 9,500 12/31/21   WFG Title 7,014 02/28/22        
12.02 LCM One Hospitality                              
13 LCM 221 S Franklin Balsam Brands 128,000 06/30/23   Dimplex North America Limited 128,000 12/31/20   Horner Industrial Services, Inc 90,400 02/28/21   Acquisition John R. Saunders Yes
14 LCM Sorento Flats                         Refinance Bogdan Maksimchuk, Nadezhda Maksimchuk Yes
15 LCM LA Fitness Van Nuys                         Refinance Fahmy Mushmel Yes
16 LCM 2581 Junction                         Acquisition Qingguo Liu, Kefei Wang Yes
17 LCM Inland Empire Office Portfolio II                         Acquisition Jeff Pori Yes
17.01 LCM Brier Corporate Center Engility Corp 14,058 07/31/22   WSP USA, Inc. 13,120 12/31/22   Barrett Business Services, Inc. 12,629 03/31/24        
17.02 LCM Three Parkside Dr. Satpal S. Multani 1,616 09/30/23                        
18 JPMCB Sheraton Music City                         Refinance National Hotel Investors, LLC Yes
19 LCM RDM Chicago Portfolio                         Refinance Robert Mosky, Wojciech Kocemba Yes
19.01 LCM 1200 North Ashland Avenue d'Escoto 9,481 08/31/23   Division Cyropractic 3,780 07/30/19   KOMO Asset Management 3,572 12/31/20        
19.02 LCM 2015 West Irving Park Road Chicago Title Insurance 4,553 05/04/20   Affinity Dental LLC 2,745 09/30/22   Jackson Voice Lab 600 09/30/20        
19.03 LCM 1212 North Wells Street Best Price Cleaners 873 12/31/23                        
19.04 LCM 230 West Division Street                              
20 LCM The Strand BN Builders, Inc. 3,945 10/31/22   Beaumont Juice, Inc. 3,609 03/31/23   Planet DDS, LLC 3,438 02/29/24   Refinance Xiyu Li Yes
21 LCM Medical Office & Walgreens Portfolio                         Acquisition Jeff Pori Yes
21.01 LCM Walgreens Levittown                              
21.02 LCM Fresenius Sun Prairie                              
21.03 LCM Fresenius Darlington                              
21.04 LCM DaVita Memphis                              
21.05 LCM Fresenius Louisville                              
21.06 LCM Fresenius Florence                              
22 LCM Hampton Inn & Suites Alpharetta                         Acquisition Nitesh Patel, Nimesh Patel Yes
23 LCM Altura Office Building Indian Health Services 25,358 08/17/36   Burt & Co. 5,919 12/31/20   Gallagher, Casados, & Mann 4,738 01/31/20   Acquisition Jeff Pori Yes
24 LCM LA Fitness Northridge                         Acquisition Fahmy Mushmel Yes
25 LCM 3500 Helms                         Refinance James M. Jacobsen Yes
26 LCM Vallejo MHC & RV Park                         Refinance John Alexander McDougall, III, Elias Weiner Yes
27 LCM Hickory View Apartments                         Acquisition Douglas P. Foppe, Richard K. Stetzer, Dean Maltz, Gary Maltz Yes
28 JPMCB 1501 Experiment Farm Road                         Acquisition Michael Rosenberg Yes
29 JPMCB Carlsbad Direct Avenue 5,264 12/31/23   Stearns, Conrad and Schmidt 5,224 12/31/22   SaaSplaza 4,960 11/30/22   Acquisition Stephen M. Zotovich Yes
30 LCM Estrella Healthcare Campus                         Acquisition Christopher J. Cumella Yes
31 JPMCB North Oak Marketplace Big Lots 32,970 01/31/22   Phone Medic, LLC 1,800 04/30/21   Kinetic Cuts, LLC 1,576 01/31/21   Refinance Alan C. Fox Yes
32 LCM Fresenius & DaVita Portfolio                         Acquisition Jeff Pori Yes
32.01 LCM Fresenius Medical Care Aurora                              
32.02 LCM Fresenius Medical Care El Paso                              
32.03 LCM DaVita Dialysis House Springs                              
32.04 LCM DaVita Dialysis St. Joseph                              
33 JPMCB Tru by Hilton McDonough                         Refinance Pieush Patel, Bhavesh Patel Yes
34 LCM Northshore Plaza Rent-A-Center 4,800 10/31/21   Portland Chamber of Commerce 4,480 05/31/26   Hu-Dat Oriental Food 3,000 09/30/20   Acquisition James L. Boller IV, James L. Boller III Yes
35 JPMCB DPBI Portfolio                         Refinance DePasquale Bros., Inc. Yes
35.01 JPMCB National Tire & Battery                              
35.02 JPMCB Applebee's - Tifton                              
35.03 JPMCB Applebee's - Calhoun                              
36 LCM Wilton Walk Townhomes                         Refinance Domenick Tonacchio Yes
37 LCM Colony Square Outparcels Roosters Restaurant 5,612 09/30/24   Noodles & Company 2,500 01/31/27   Chipotle 2,400 09/28/21   Recapitalization Francis Greenburger Yes
38 JPMCB Liberty Commons Louie's Wine Dive 3,077 01/31/28   Sweet Charlie's 1,540 07/31/28   Meshuggah Bagels 1,280 12/31/21   Acquisition Makhan Singh, Kulwant Kaur Yes

 

 

 A-1-9

 

 

JPMCC 2019-COR4
Annex A-1

                                 
          Pari Passu Debt   Additional Debt  
            Pari Passu Pari Passu Pari Passu Total Cut-off         Additional    
      Lockbox Cash Pari Passu Note Control Piece  In Trust Piece Non Trust Date Pari   Addit Debt Addit Debt Additional Debt Cut off Additional Debt  
Loan # Seller(1) Property Name  Type(28) Management(28) (Y/N)  (Y/N)(29) Cut-Off Balance Cut-Off Balance Passu Debt   Permitted (Y/N)(30)  Exist (Y/N)(30) Debt Type(s) Date Balance Interest Rate  
1 LCM Renaissance Seattle Hard Springing Yes No 77,000,000 50,000,000 127,000,000   No No NAP NAP NAP  
2 LCM 400 South El Camino Soft Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
3 JPMCB Liberty Station Retail Hard Springing Yes Yes 67,000,000 50,000,000 117,000,000   No No NAP NAP NAP  
4 LCM Bedford Square Hard Springing No NAP NAP NAP NAP   No Yes Mezzanine Loan 20,000,000 7.50000  
5 LCM Saint Louis Galleria Hard Springing Yes No 46,479,245 193,520,755 240,000,000   No Yes Mezzanine Loan 24,136,252 6.25000  
6 LCM Grand Hyatt Seattle Hard Springing Yes No 33,000,000 100,000,000 133,000,000   No No NAP NAP NAP  
7 LCM Fleet Farm Distribution Center Hard In Place No NAP NAP NAP NAP   No No NAP NAP NAP  
8 LCM Peachtree Corners Marketplace Soft Springing No NAP NAP NAP NAP   No Yes Mezzanine Loan 2,900,000 7.50000  
9 LCM Pier 54 Seattle Soft Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
10 LCM CBBC Industrial Portfolio Hard Springing Yes No 20,000,000 33,030,000 53,030,000   No No NAP NAP NAP  
10.01 LCM CBBC - Dallas, TX                            
10.02 LCM CBBC - Winter Haven, FL                            
10.03 LCM CBBC - Lakeland, FL                            
10.04 LCM CBBC - Houston, TX                            
11 LCM Arbors at the Park Ole Miss Hard Springing No NAP NAP NAP NAP   No Yes Mezzanine Loan 4,050,000 7.53000  
12 LCM Inland Empire Office Portfolio I Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
12.01 LCM Lakeside Tower                            
12.02 LCM One Hospitality                            
13 LCM 221 S Franklin Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
14 LCM Sorento Flats Springing Springing No NAP NAP NAP NAP   Yes No Permitted Mezzanine NAP NAP  
15 LCM LA Fitness Van Nuys Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
16 LCM 2581 Junction Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
17 LCM Inland Empire Office Portfolio II Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
17.01 LCM Brier Corporate Center                            
17.02 LCM Three Parkside                            
18 JPMCB Sheraton Music City Hard Springing Yes No 14,862,461 54,495,690 69,358,151   No No NAP NAP NAP  
19 LCM RDM Chicago Portfolio Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
19.01 LCM 1200 North Ashland Avenue                            
19.02 LCM 2015 West Irving Park Road                            
19.03 LCM 1212 North Wells Street                            
19.04 LCM 230 West Division Street                            
20 LCM The Strand Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
21 LCM Medical Office & Walgreens Portfolio Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
21.01 LCM Walgreens Levittown                            
21.02 LCM Fresenius Sun Prairie                            
21.03 LCM Fresenius Darlington                            
21.04 LCM DaVita Memphis                            
21.05 LCM Fresenius Louisville                            
21.06 LCM Fresenius Florence                            
22 LCM Hampton Inn & Suites Alpharetta Springing Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
23 LCM Altura Office Building Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
24 LCM LA Fitness Northridge Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
25 LCM 3500 Helms Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
26 LCM Vallejo MHC & RV Park Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
27 LCM Hickory View Apartments Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
28 JPMCB 1501 Experiment Farm Road Springing Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
29 JPMCB Carlsbad Springing Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
30 LCM Estrella Healthcare Campus Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
31 JPMCB North Oak Marketplace Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
32 LCM Fresenius & DaVita Portfolio Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
32.01 LCM Fresenius Medical Care Aurora                            
32.02 LCM Fresenius Medical Care El Paso                            
32.03 LCM DaVita Dialysis House Springs                            
32.04 LCM DaVita Dialysis St. Joseph                            
33 JPMCB Tru by Hilton McDonough Springing Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
34 LCM Northshore Plaza Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
35 JPMCB DPBI Portfolio Hard Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
35.01 JPMCB National Tire & Battery                            
35.02 JPMCB Applebee's - Tifton                            
35.03 JPMCB Applebee's - Calhoun                            
36 LCM Wilton Walk Townhomes Soft Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
37 LCM Colony Square Outparcels Springing Springing No NAP NAP NAP NAP   No No NAP NAP NAP  
38 JPMCB Liberty Commons Springing Springing No NAP NAP NAP NAP   No No NAP NAP NAP  

 

 

 A-1-10

 

 

JPMCC 2019-COR4
Annex A-1

                                               
      Total Debt   HOTEL OPERATING STATISTICS  
        Total Debt   Total Debt                                  
      Total Debt  UW NCF Total Debt  UW NOI   2015 2015 2015 2016 2016 2016 2017 2017 2017 Most Recent Most Recent Most Recent UW UW UW  
Loan # Seller(1) Property Name  Cut-off Balance  DSCR Current LTV %  Debt Yield %   Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($)  Occupancy %  ADR ($)  RevPAR ($) Occupancy %  ADR ($)  RevPAR ($) Loan #
1 LCM Renaissance Seattle 127,000,000 2.22 55.3% 12.6%   82.2% 190.32 156.52 84.0% 195.78 164.42 84.0% 203.92 171.25 81.6% 208.70 170.36 81.6% 208.70 170.36 1
2 LCM 400 South El Camino NAP NAP NAP NAP                                 2
3 JPMCB Liberty Station Retail 117,000,000 1.45 68.8% 8.0%                                 3
4 LCM Bedford Square 68,000,000 1.01 64.8% 6.4%                                 4
5 LCM Saint Louis Galleria 264,136,252 1.55 56.7% 10.3%                                 5
6 LCM Grand Hyatt Seattle 133,000,000 2.21 54.9% 12.3%   86.3% 224.53 193.81 85.3% 236.60 201.86 87.4% 244.92 214.11 86.6% 249.94 216.52 86.4% 249.94 216.00 6
7 LCM Fleet Farm Distribution Center NAP NAP NAP NAP                                 7
8 LCM Peachtree Corners Marketplace 27,500,000 1.20 68.8% 8.5%                                 8
9 LCM Pier 54 Seattle NAP NAP NAP NAP                                 9
10 LCM CBBC Industrial Portfolio 53,030,000 1.77 61.7% 10.4%                                 10
10.01 LCM CBBC - Dallas, TX   1.77 61.7% 10.4%                                 10.01
10.02 LCM CBBC - Winter Haven, FL   1.77 61.7% 10.4%                                 10.02
10.03 LCM CBBC - Lakeland, FL   1.77 61.7% 10.4%                                 10.03
10.04 LCM CBBC - Houston, TX   1.77 61.7% 10.4%                                 10.04
11 LCM Arbors at the Park Ole Miss 24,000,000 1.12 67.2% 7.9%                                 11
12 LCM Inland Empire Office Portfolio I NAP NAP NAP NAP                                 12
12.01 LCM Lakeside Tower   NAP NAP NAP                                 12.01
12.02 LCM One Hospitality   NAP NAP NAP                                 12.02
13 LCM 221 S Franklin NAP NAP NAP NAP                                 13
14 LCM Sorento Flats NAP NAP NAP NAP                                 14
15 LCM LA Fitness Van Nuys NAP NAP NAP NAP                                 15
16 LCM 2581 Junction NAP NAP NAP NAP                                 16
17 LCM Inland Empire Office Portfolio II NAP NAP NAP NAP                                 17
17.01 LCM Brier Corporate Center   NAP NAP NAP                                 17.01
17.02 LCM Three Parkside   NAP NAP NAP                                 17.02
18 JPMCB Sheraton Music City 69,358,151 1.82 60.3% 11.8%   82.2% 127.96 105.15 86.0% 139.59 120.10 69.5% 149.81 104.17 76.7% 153.02 117.42 80.0% 150.00 120.00 18
19 LCM RDM Chicago Portfolio NAP NAP NAP NAP                                 19
19.01 LCM 1200 North Ashland Avenue   NAP NAP NAP                                 19.01
19.02 LCM 2015 West Irving Park Road   NAP NAP NAP                                 19.02
19.03 LCM 1212 North Wells Street   NAP NAP NAP                                 19.03
19.04 LCM 230 West Division Street   NAP NAP NAP                                 19.04
20 LCM The Strand NAP NAP NAP NAP                                 20
21 LCM Medical Office & Walgreens Portfolio NAP NAP NAP NAP                                 21
21.01 LCM Walgreens Levittown   NAP NAP NAP                                 21.01
21.02 LCM Fresenius Sun Prairie   NAP NAP NAP                                 21.02
21.03 LCM Fresenius Darlington   NAP NAP NAP                                 21.03
21.04 LCM DaVita Memphis   NAP NAP NAP                                 21.04
21.05 LCM Fresenius Louisville   NAP NAP NAP                                 21.05
21.06 LCM Fresenius Florence   NAP NAP NAP                                 21.06
22 LCM Hampton Inn & Suites Alpharetta NAP NAP NAP NAP   80.3% 112.32 90.20 78.5% 126.64 99.46 82.2% 126.74 104.17 84.4% 122.76 103.58 84.4% 122.76 103.58 22
23 LCM Altura Office Building NAP NAP NAP NAP                                 23
24 LCM LA Fitness Northridge NAP NAP NAP NAP                                 24
25 LCM 3500 Helms NAP NAP NAP NAP                                 25
26 LCM Vallejo MHC & RV Park NAP NAP NAP NAP                                 26
27 LCM Hickory View Apartments NAP NAP NAP NAP                                 27
28 JPMCB 1501 Experiment Farm Road NAP NAP NAP NAP                                 28
29 JPMCB Carlsbad NAP NAP NAP NAP                                 29
30 LCM Estrella Healthcare Campus NAP NAP NAP NAP                                 30
31 JPMCB North Oak Marketplace NAP NAP NAP NAP                                 31
32 LCM Fresenius & DaVita Portfolio NAP NAP NAP NAP                                 32
32.01 LCM Fresenius Medical Care Aurora   NAP NAP NAP                                 32.01
32.02 LCM Fresenius Medical Care El Paso   NAP NAP NAP                                 32.02
32.03 LCM DaVita Dialysis House Springs   NAP NAP NAP                                 32.03
32.04 LCM DaVita Dialysis St. Joseph   NAP NAP NAP                                 32.04
33 JPMCB Tru by Hilton McDonough NAP NAP NAP NAP                     70.5% 100.16 70.58 70.5% 100.16 70.58 33
34 LCM Northshore Plaza NAP NAP NAP NAP                                 34
35 JPMCB DPBI Portfolio NAP NAP NAP NAP                                 35
35.01 JPMCB National Tire & Battery   NAP NAP NAP                                 35.01
35.02 JPMCB Applebee's - Tifton   NAP NAP NAP                                 35.02
35.03 JPMCB Applebee's - Calhoun   NAP NAP NAP                                 35.03
36 LCM Wilton Walk Townhomes NAP NAP NAP NAP                                 36
37 LCM Colony Square Outparcels NAP NAP NAP NAP                                 37
38 JPMCB Liberty Commons NAP NAP NAP NAP                                 38

 

 

 A-1-11

 

 

Footnotes to Annex A-1
(1)     “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; and “LCM” denotes LoanCore Capital Markets LLC or one of its affiliates, as Mortgage Loan Seller.

With respect to Loan No. 5, Saint Louis Galleria, the whole loan was co-originated by, Deutsche Bank AG, acting through its New York Branch (“DBNY”) and Société Générale, Financial Corporation. LCM will contribute three promissory notes with a Cut-off Date Balance of $46,479,245.

With respect to Loan No. 5, Saint Louis Galleria, Loan No. 10, CBBC Industrial Portfolio, Loan No. 14, Sorento Flats, Loan No. 22, Hampton Inn & Suites Alpharetta, Loan No. 25, 3500 Helms, and Loan No. 37, Colony Square Outparcels, the loans were originated or co-originated by DBNY or its affiliate, German American Capital Corporation, and will be acquired by LCM.
   
(2)     With respect to Loan No. 3, Liberty Station Retail, the mortgaged property is a mixed use building containing retail and office spaces. The office spaces constitute approximately 12.8% of the mortgaged property.

With respect to Loan No. 4, Bedford Square, the mortgaged property is a mixed use building containing 78,221 square feet of retail space and 29,722 square feet attributable to 24 multifamily units.

With respect to Loan No. 9, Pier 54 Seattle, the mortgaged property is a mixed use property consisting of 43,808 square feet of first floor retail, restaurant and office space as well as 21,941 square feet of second floor, creative office space.  

With respect to Loan No. 19, RDM Chicago Portfolio, the 1200 North Ashland Avenue mortgaged property is a mixed use building containing 12,405 square feet of retail space and 40,830 of office space. The 2015 West Irving Park Road mortgaged property is a mixed use property containing 7,845 square feet of retail and medical office space and 11,303 square feet of office space.
   
(3)     Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

With respect to Loan No. 5, Saint Louis Galleria, the borrower has the right, at its own expense, to acquire one or more parcels, which may be subject to a ground lease, to become additional collateral for the loan whereupon, after amending the mortgage, such parcel will constitute a portion of the Saint Louis Galleria mortgaged property. Such expansion is permitted if, among other requirements and conditions, such expansion does not adversely affect the DSCR with respect to the loan (except in a de minimis manner, as determined by lender).
   
(4)     In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.

With respect to Loan No. 5, Saint Louis Galleria, Occupancy % includes five temporary tenants that collectively occupy 5,449 square feet (1.2% of net rentable area (“NRA”)), as well as two tenants that have signed leases and have yet to take occupancy that account for 2,442 square feet (0.5% of NRA). Occupancy % excludes three tenants vacating in the near term and one dark tenant, which collectively occupy 6,979 square feet (1.5% of NRA). The 2nd Largest Tenant included in Occupancy %, clothing retailer H&M (occupying 12,913 square feet, 2.8% of NRA), announced in January 2019 that it plans to close up to 160 stores in 2019, but has not yet announced the locations that will be closing.

With respect to Loan No. 18, Sheraton Music City, approximately 28.3% of UW Revenues ($) is attributable to the food and beverage outlets at the mortgaged property.
   
(5)     With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.

With respect to Loan No. 22, Hampton Inn & Suites Alpharetta, the Appraised Value ($) represents the “As Complete” value of $18,100,000 for the property, effective October 10, 2019, which assumes the completion of a currently ongoing property improvement plan (“PIP”). At origination of the mortgage loan, the borrower deposited $690,525 into the PIP reserve. The “as-is” appraised value as of October 10, 2018 is $16,500,000 which results in a Current LTV % and Maturity Date LTV % of 71.8% and 60.7%, respectively.

With respect to Loan No. 28, 1501 Experiment Farm Road, the Appraised Value ($) includes the “as-is” value of $550,000 attributed to the portion of the mortgaged property that is yet to be developed (the “Excess Land”) based on the assumption that there will be no atypical cost associated with such split lot and execution of an access easement through such Excess Land.

 

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  With respect to Loan No. 38, Liberty Commons, the Appraised Value ($) represents the “As Complete” of $5,670,000 for the mortgaged property, which assumed as of October 1, 2018, the date of the appraisal report, that the proposed build-out would be completed in accordance with plans and specifications described in the appraisal report. The proposed build-out was completed before the loan origination date, and the borrower was not required to make any related deposits. The “as-is” appraised value as of July 13, 2018 is $5,140,000 which results in a Current LTV % and Maturity LTV % of 78.7% and 65.4%, respectively.
   
(6)     For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(7)     With respect to Loan Nos. 1, 3, 5, 6, 10 and 18, Renaissance Seattle, Liberty Station Retail, Saint Louis Galleria, Grand Hyatt Seattle, CBBC Industrial Portfolio, and Sheraton Music City,  in each case, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or more pari passu loans. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information.
   
(8)     Each number identifies a group of related borrowers.

With respect to Loan Nos. 3, 27 and 31, Liberty Station Retail, Hickory View Apartments and North Oak Marketplace, in each case, the related borrowers own the mortgaged property as tenants-in-common.

With respect to Loan No. 23, Altura Office Building, the borrower is currently a single purpose entity. The loan documents allow the syndication of tenant-in-common interests. 
   
(9)     For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
   
(10)     For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
   
(11)     With respect to all mortgage loans, except for mortgage loans listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.

With respect to Loan No. 5, Saint Louis Galleria, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal and interest payment schedule set forth in Annex G in the Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 4.99677083333333%.

With respect to Loan No. 8, Peachtree Corners Marketplace, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal and interest payment schedule set forth in Annex H in the Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.21280%.

With respect to Loan No. 11, Arbors at the Park Ole Miss, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal and interest payment schedule set forth in Annex I in the Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.29000%.
   
(12)     In some instances in which the loan documents provide grace periods with respect to payments, such grace periods may be permitted a limited number of times per any 12-month periods.

With respect to Loan No. 5, Saint Louis Galleria, the borrower is permitted a grace period of one business day for monthly debt service payments, which grace period may be utilized once in every 12-month period.

With respect to Loan No. 18, Sheraton Music City, the loan documents permit a two business day grace period for any monthly debt service payments (other than any payment due on the maturity date) no more than once per 12 month period to cure such event of default.

 

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(13)     The “L” component of the prepayment provision represents lockout payments.
The “Def” component of the prepayment provision represents defeasance payments.
The “YM” component of the prepayment provision represents yield maintenance payments.
The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

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

With respect to Loan No. 3, Liberty Station Retail, the borrowers have the option to (i) prepay the full $117.0 million Liberty Station Retail Whole Loan  after January 1, 2021, with payment of a yield maintenance premium or (ii) defease the full $117.0 million Liberty Station Retail Whole Loan at any time after the date that is 24 months after the closing date of the securitization that includes the last note to be securitized.

With respect to Loan No. 5, Saint Louis Galleria, the lockout period will be at least 27 payment dates beginning with and including the first payment date of December 1, 2018. Defeasance of the full $240.0 million Saint Louis Galleria Whole Loan is permitted after the date that is the earlier to occur of (i) November 1, 2021 or (ii) the date that is two years from the closing date of the securitization that includes the last note to be securitized. The assumed lockout period of 27 payment dates is based on the expected JPMCC 2019-COR4 securitization closing date in February 2019. The actual lockout period may be longer.

With respect to Loan No. 10, CBBC Industrial Portfolio, in connection with the release of an individual mortgaged property as to which an event of default is continuing, the related CBBC Industrial Portfolio Whole Loan may be prepaid at any time, even if prior to the expiration of the lockout period, in an amount equal to the related release amount, together with payment of (if prior to the open period) a yield maintenance premium. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases.”
   
(14)   With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed, renovated and/or acquired.

With respect to Loan No. 4, Bedford Square, the related property is recently redeveloped and some historical financials may not be available.

With respect to Loan Nos. 7, 11, 24 and 33, Fleet Farm Distribution Center, Arbors at the Park Ole Miss, LA Fitness Northridge and Tru by Hilton McDonough, the related properties are newly constructed and some historical financials may not be available.

With respect to Loan Nos. 9, 13, 16, 21, 30 and 32, Pier 54 Seattle, 221 S Franklin, 2581 Junction, Medical Office & Walgreens Portfolio, Estrella Healthcare Campus and Fresenius & DaVita Portfolio, the related properties are newly acquired and some historical financials may not be available.

With respect to Loan No. 10, CBBC Industrial Portfolio, the related property is newly acquired in a 20 year sale lease back transaction and due to the timing of the acquisition historical financials are not available.

With respect to Loan No. 14, Sorento Flats, the related property was constructed in 2017, and some historical financials may not be available. The most recent financials represent the trailing three-months ending November 30, 2018 annualized.

With respect to Loan Nos. 28, 29, 37 and 38, 1501 Experiment Farm Road, Carlsbad, Colony Square Outparcels and Liberty Commons, in each case, the related mortgaged property is newly acquired, and no historical financials were provided at origination.

With respect to Loan No. 36, Wilton Walk Townhomes, three new buildings were recently constructed as collateral for the related property. As a result, historical financials reflecting the initial configuration of the apartment community are not an indication of current performance.

 

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

With respect to Loan No. 4, Bedford Square, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the property was in lease up. The property was fully redeveloped from 2015-2018 and was subsequently in a lease up period until the trailing 12 month period ending in October 2018.

With respect to Loan No. 8, Peachtree Corners Marketplace, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the property was fully redeveloped over the past three years. Historical cash flows represent the ramp up during the redevelopment and the UW NOI ($) represents the current stabilized operations.

With respect to Loan No. 12, Inland Empire Office Portfolio I, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the lease with the County of San Bernardino was signed shortly after a prior tenant, which leased 100.0% of the One Hospitality property, vacated in July 2016.  A lengthy county approval process and building expansion/renovation took approximately 18 months and the County of San Bernardino took occupancy in January 2018, resulting in the increase in UW NOI ($).

With respect to Loan No. 13, 221 S Franklin, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the prior owner acquired the property in 2016 when the property was approximately 46.0% occupied. After acquisition, the prior owner signed new leases which brought occupancy at the property up to approximately 78.0%. By year-end 2017, the remainder of the property was leased up to 100.0% occupancy, resulting in the increase in UW NOI ($).

With respect to Loan No. 15, LA Fitness Van Nuys, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that historical cash flows represent the LA Fitness lease payments which had abated rent through February 1, 2018, resulting in the increase in UW NOI ($).

With respect to Loan No. 17, Inland Empire Office Portfolio II, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that San Manuel Band of Mission Indians signed a new lease in March 2018 for 26,929 square feet. The rent was abated until the end of December 2018 and the tenant is now pay full unabated rent that was factored into the UW NOI ($).

With respect to Loan No. 19, RDM Chicago Portfolio, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by underwritten rent steps through May 2019.

With respect to Loan No. 20, The Strand, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the Property was redeveloped over the past several years. Historical cash flows represent the ramp up during the redevelopment and the UW NOI ($) represents the current stabilized operations.

With respect to Loan No. 36, Wilton Walk Townhomes, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the sponsor constructed a Phase II in 2018 that added 14 more units to the collateral. The Most Recent NOI ($) did not capture the incremental revenue attributable to the new units. The UW NOI ($) represents the current stabilized operations of the property inclusive of the Phase II units.
   
(16)   With respect to all hotel properties, except for the mortgage loan(s) listed below, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same. In addition, in certain cases, the real estate taxes were underwritten based on property tax abatements, such as payment in lieu of taxes or tax increment financing. In such cases, the expenses may be materially higher in future years.

With respect to No. 38, Liberty Commons, pursuant to a tax increment financing agreement dated February 9, 2015, between the City of Liberty, Missouri, and the borrower, the mortgaged property is part of a tax increment financing (the “TIF”) district (the “Redevelopment Area”), within which properties are subject to payments in lieu of taxes (“PILOT”) and pay increased retail taxes to finance redevelopment projects within the Redevelopment Area. All redevelopment work has been completed with respect to the mortgaged property, and the borrower only remains obligated to continue to pay the annual PILOT in the amount set forth in the related TIF agreement. The lender underwrote for the mortgage loan the full estimated taxes without regard to the TIF. The mortgage loan documents provide for a non-recourse carveout associated with any failure by the borrower to comply with the terms of the mortgage loan documents related to the TIF agreement. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” for additional information.

 

 A-1-15

 

 

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

With respect to Loan No. 5, Saint Louis Galleria, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest only period based on the assumed principal and interest payment schedule set forth in Annex G in the Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 4.99677083333333%.

With respect to Loan No. 8, Peachtree Corners Marketplace, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest only period based on the assumed principal and interest payment schedule set forth in Annex H in the Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.21280%.

With respect to Loan No. 11, Arbors at the Park Ole Miss, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest only period based on the assumed principal and interest payment schedule set forth in Annex I in the Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.29000%.
   
(18)   In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.

With respect to Loan No. 3, Liberty Station Retail, the collateral includes both fee and leasehold interests in the mortgaged property pursuant to 16 ground leases for the lots that make up the five parcels that collectively constitute the mortgaged property, ground leased by the Redevelopment Agency of the City of San Diego as the ground lessor. The base rent under each ground lease is $1, which was prepaid at the beginning of the term. The term of each ground lease expires on December 31, 2070.

With respect to Loan No. 9, Pier 54 Seattle, a portion of the property located at the far Western extremity of the pier is owned by the Department of Natural Resources (“DNR”). This portion of the property is on an aquatic lands lease through July 2046. The annual ground rent is approximately $45,126, payable in quarterly installments. With respect to the lease rent, the DNR has the right to increase the rent annually for an inflation adjustment, and every four years to market (subject to an annual increase cap of 50.0%).
   
(19)   With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to mortgage loans secured by hotel properties.
   
(20)   With respect to Loan No. 3, Liberty Station Retail, each of the five parcels that collectively constitute the mortgaged property is located in an earthquake zone, with PML% of 19%, 19%, 14%, 8% and 19% for the parcels located at 2865 Sims Road, 2881 Roosevelt Road, 2495 Truxtun Road, 2588 Laning Road and 2750 Dewey Road, respectively.
   
(21)   Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.

With respect to Loan No. 11, Arbors at the Park Ole Miss, the borrower was required to deliver a letter of credit in the amount of $706,000 at origination for a zoning discrepancy reserve, which is held by the lender until zoning approval is obtained (which has been obtained) and the amended site plan has been approved (which has been applied for).

With respect to Loan No. 21, Medical Office & Walgreens Portfolio, the borrower was required to reserve $180,000 at origination for a management fee reserve, which reflects 10-years' worth of collections for all tenants except Fresenius Sun Prairie.

With respect to Loan No. 26, Vallejo MHC & RV Park, the borrower was required to reserve $260,000 at origination for a business interruption flood reserve to cover potential shortfalls due to flooding on approximately 30.0% of the Property that is located within a flood zone.

With respect to Loan No. 32, Fresenius & DaVita Portfolio, the borrower was required to reserve $120,000 at origination for a management fee reserve, which reflects 10-years' worth of collections for all tenants except DaVita St. Joseph.

 

 A-1-16

 

 

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

With respect to Loan No. 18, Sheraton Music City, the requirement for the borrower to make monthly property improvement plan deposits into the Monthly Capex Reserve ($) is waived to the extent the borrower has deposited a letter of credit in the amount of at least 110% of the amount estimated by the lender to complete any property improvement plan related to the mortgaged property.

With respect to Loan No. 23, Altura Office Building, the borrower is required to deposit $10,000 into the Monthly RE Tax Reserve ($) on each payment date through the first 15 payment dates. Commencing on January 6, 2020, the monthly deposit will increase to $17,600.

With respect to Loan No. 27, Hickory View Apartments, the borrower is required to deposit $3,000 into the Monthly Capex Reserve ($) on each payment date through and including March 6, 2023.  Commencing April 6, 2023, the monthly deposit will increase to $5,000.

With respect to Loan No. 28, 1501 Experiment Farm Road, the requirement for the borrower to make monthly deposits of $4,535.20 into the Monthly Capex Reserve ($) is waived so long as (i) no event of default under the mortgage loan documents has occurred and is continuing, (ii) the lease for the sole tenant at the mortgaged property, Avenue Stores (the “Avenue Stores Lease”), requires that Avenue Stores maintain the improvements, and the borrower has provided the lender with satisfactory evidence that the mortgaged property is being maintained in accordance with the mortgage loan documents, (iii) the Avenue Stores Lease is in full force and effect and no default exists under the Avenue Stores Lease beyond the expiration of all applicable notice and cure periods, and (iv) Avenue Stores is not subject to a bankruptcy action.

With respect to Loan No. 29, Carlsbad, the borrower is required to make a monthly deposit of $5,168.33 into the Monthly TI/LC Reserve ($) on each monthly due date at all times during which the amount on deposit in the TI/LC Reserve for rollover is less than $300,000 until the aggregate amount on deposit in the TI/LC Reserve equals or exceeds $310,130.

With respect to Loan No. 35, DPBI Portfolio, the requirement for the borrower to make monthly deposits of $305 into the Monthly Capex Reserve ($) is waived so long as (i) no event of default under the mortgage loan documents has occurred and is continuing, (ii) (A) the applicable sole tenant at an individual mortgaged property and any replacement thereof (each such tenant, a “Specified Tenant”) is responsible under its lease to maintain the improvements on the mortgaged property and (B) the borrower has provided the lender with satisfactory evidence that the mortgaged property is being maintained in accordance with the applicable terms and conditions of the mortgage loan documents, and (iii) the applicable Specified Tenant has not filed any bankruptcy action or similar insolvency proceedings.
   
(23)     Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

With respect to Loan No. 23, Altura Office Building, in the event that Butt Thornton exercises its early termination option, effective December 31, 2020, $51,437.92 will be transferred from the Free Rent Reserve to the TI/LC Reserve and will not count towards the TI/LC Reserve Cap.

With respect to Loan No. 35, DPBI Portfolio, if any cash sweep period under the mortgage loan documents exists solely due to (i) the debt service coverage ratio of the mortgage loan based on the trailing three-month period being less than 1.20x and/or (ii) any sole tenant at each individual mortgaged property and any replacement thereof (each such tenant, a “Specified Tenant”) (A) vacating, abandoning, ceasing ordinary business operations at, or otherwise “going dark” at all or a substantial portion of its leased space or giving notice of its intent thereof, (B) becoming involved in a bankruptcy action or similar insolvency, or (C) termination, cancellation or surrender of its leased premises without the lender’s prior written consent, or notification of its intent thereof (each of the foregoing (ii)(A) through (ii)(C), a “Specified Tenant Sweep Event”), then the borrower’s obligation to deposit all excess cash flow into the Monthly Other Reserve ($) will be capped at $500,000 (the “Excess Cash Flow Reserve Cap”); provided, further, that notwithstanding the foregoing, during the last two years of the term of the Loan, the Excess Cash Flow Reserve Cap will not apply if more than one individual mortgaged property is then subject to a Specified Tenant Sweep Event.

 

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(24)     With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. In some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 2, 400 South El Camino, the Largest Tenant, Alibaba Group, subleases 5,284 square feet to AtScale, Inc and the 2nd Largest Tenant, ZS Associates subleases 18,331 square feet to Man Crates, Trident Capital, Inc. and TC Growth Management, LLC.

With respect to Loan No. 4, Bedford Square, the Largest Tenant, Anthropologie, subleases 2,053 square feet to an affiliate, URBN Church Lane Amis LLC.
   
(25)     In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

With respect to Loan No. 3, Liberty Station Retail, the 4th Largest Tenant, 828 Events, leases 6,119 square feet of space for which the lease term expires on April 30, 2030, and an additional 8,777 square feet of space for which the lease term expires on May 31, 2029.
   
(26)     The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.

With respect to Loan No. 28, 1501 Experiment Farm Road, the sole tenant at the mortgaged property, Avenue Stores, has the one-time right to terminate its lease from and after the expiration of the 12th lease year, or 2030, which is after the maturity date of the mortgage loan, but prior to the expiration of the 15th lease year, with at least a 180 days’ prior written notice and the payment of a termination fee.

With respect to Loan No. 29, Carlsbad, the 4th Largest Tenant at the mortgaged property, Stearns, Conrad and Schmidt, has a one-time right to terminate its lease, effective as of the last day of the 48th calendar month of the initial lease term, with nine months’ prior written notice and the payment of a termination fee.

With respect to Loan No. 31, North Oak Marketplace, the 2nd Largest Tenant, Goodwill, has the right to terminate its lease in the event that the minimum wage in Kansas City, Missouri, or the State of Missouri is raised to $12 per hour or higher. The State of Missouri is scheduled to effectuate a $12 per hour minimum wage in 2023. The tenant’s lease is scheduled to expire in August 2023, with one remaining option to renew for an additional term of five years. 
   
(27)     In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.

With respect to Loan No. 3, Liberty Station Retail, only Seligman & Associates, Inc. is the nonrecourse carve-out guarantor for the mortgage loan.

With respect to Loan No. 10, CBBC Industrial Portfolio, the joint and several liability of the nonrecourse carve-out guarantors under the environmental indemnity is capped at 110% of the original principal balance of the CBBC Industrial Portfolio Mortgage Whole Loan.
   
(28)     The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.

With respect to Loan No. 4, Bedford Square, there is a soft lockbox for the residential tenants and a hard lockbox for the retail tenants.
   
(29)     With respect to Loan No. 5, Saint Louis Galleria, the related Whole Loan will initially be serviced by the master servicer and special servicer pursuant to the pooling and servicing agreement for the Benchmark 2018-B8 securitization transaction. From and after the date on which the related lead servicing Companion Loan is securitized, it is anticipated that the related Whole Loan will be serviced under and by the master servicer and special servicer designated in the related pooling and servicing agreement entered into in connection with such securitization.

 

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

With respect to Loan No. 18, Sheraton Music City, there is an outstanding key money loan from the franchisor to the previous owner of the mortgaged property and assumed by the borrower pursuant to the franchise agreement, in the original amount of $825,000 (the “Key Money Debt”), which is required to be amortized through May 25, 2019. The outstanding amount of the Key Money Debt as of June 6, 2016, was $183,333.20. Please see “Description of the Mortgage Pool—Additional Indebtedness—Other Indebtedness” for additional information.

 

 A-1-19