FWP 1 n1482_anxa1-x5.htm FREE WRITING PROSPECTUS

 

FREE WRITING PROSPECTUS
FILED PURSUANT TO RULE 433
REGISTRATION FILE NO.: 333-207132-21

 

     
 

FREE WRITING PROSPECTUS, DATED JANUARY 28, 2019

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-207132) 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 website at www.sec.gov. Alternatively, the depositor, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Academy Securities, Inc., The Williams Capital Group, L.P. or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

 

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. 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.

 

The information in this File is preliminary and 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in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

The securities related to this File materials are being offered when, as and if issued.  This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, the risk retention consultation party, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates.  Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.

 

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, 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 system. 

  
     

 

 

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Related Group Crossed Group Address City State Zip Code General Property Type Detailed Property Type Year Built Year Renovated Units, Rooms, SF Unit Description Loan Per Unit ($) Ownership Interest Original Balance ($) Cut-off Date Balance ($)
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue NAP NAP 3 Park Avenue New York New York 10016 Office CBD 1977 2001 667,446  SF 272.68 Fee Simple 88,000,000 88,000,000
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza NAP NAP 115 & 117 West Century Road Paramus New Jersey 07652 Office Suburban 1988, 2008 2018 303,777  SF 154.72 Fee Simple 47,000,000 47,000,000
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center NAP NAP 1405 Xenium Lane North Plymouth Minnesota 55441 Office Suburban 1973 2015 605,767  SF 77.59 Fee Simple 47,000,000 47,000,000
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio NAP NAP         Various Various     435,763  SF 170.96 Various 36,500,000 36,500,000
4.01 Property       Gavilon Headquarters     1331 Capitol Avenue Omaha Nebraska 68102 Office CBD 2013 NAP 127,810  SF   Fee Simple    
4.02 Property       Northland Innovation Campus     6889 North Oak Trafficway Gladstone Missouri 64118 Mixed Use Office/Education 2016 NAP 86,778  SF   Leasehold    
4.03 Property       Oerlikon Industrial Facility     41144 Concept Drive Plymouth Michigan 48170 Industrial Flex 2018 NAP 79,401  SF   Fee Simple    
4.04 Property       Essence Group Headquarters     13900 Riverport Drive Maryland Heights Missouri 63043 Office Suburban 1999 NAP 141,774  SF   Fee Simple    
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial NAP NAP         Industrial Warehouse/Distribution     4,031,127  SF 31.28 Fee Simple 35,000,000 35,000,000
5.01 Property       Staples - Hagerstown, MD     11540 Hopewell Road Hagerstown Maryland 21740 Industrial Warehouse/Distribution 1996 2005 1,022,145  SF   Fee Simple    
5.02 Property       Staples - Montgomery, NY     100 Hadden Drive Montgomery New York 12549 Industrial Warehouse/Distribution 1985 2001 766,484  SF   Fee Simple    
5.03 Property       Staples - Terre Haute, IN     700 East Industrial Drive Terre Haute Indiana 47802 Industrial Warehouse/Distribution 2000 2006 809,560  SF   Fee Simple    
5.04 Property       Staples - London, OH     500 East High Street London Ohio 43140 Industrial Warehouse/Distribution 2001 NAP 496,818  SF   Fee Simple    
5.05 Property       Staples - Beloit, WI     3140 East Colley Road Beloit Wisconsin 53511 Industrial Warehouse/Distribution 2006 NAP 399,652  SF   Fee Simple    
5.06 Property       Staples - Dayville, CT     155 Tracy Road Killingly Connecticut 06241 Industrial Warehouse/Distribution 1997 NAP 310,157  SF   Fee Simple    
5.07 Property       Staples - Arden Hills, MN     1233 County Road East West Arden Hills Minnesota 55112 Industrial Warehouse/Distribution 1969 NAP 113,096  SF   Fee Simple    
5.08 Property       Staples - Putnam, CT     15 Ridge Road Putnam Connecticut 06260 Industrial Warehouse/Distribution 1988 NAP 113,215  SF   Fee Simple    
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street NAP NAP 210 East 39th Street New York New York 10016 Multifamily High-Rise 2017 NAP 55  Units 616,363.64 Fee Simple 33,900,000 33,900,000
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio NAP NAP         Office Suburban     385,525  SF 123.86 Fee Simple 32,750,000 32,750,000
7.01 Property       Oak Brook Gateway     1111 West 22nd Street Oak Brook Illinois 60523 Office Suburban 1984 NAP 233,050  SF   Fee Simple    
7.02 Property       Cornerstone I at Cantera     4320 Winfield Road Warrenville Illinois 60555 Office Suburban 1998 NAP 152,475  SF   Fee Simple    
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place NAP NAP 10 Brookline Place Brookline Massachusetts 02445 Office Suburban 1969 2010 173,439  SF 472.79 Fee Simple 32,000,000 32,000,000
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings NAP NAP 7607-7841 North Oracle Road Oro Valley Arizona 85704 Retail Anchored 2006 NAP 251,194  SF 122.59 Fee Simple 30,795,000 30,795,000
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail Group 1 NAP 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 California 92106 Retail Anchored 1923, 1932, 1942, 2007 2007, 2009 327,704  SF 357.03 Fee Simple/Leasehold 30,000,000 30,000,000
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building NAP NAP 1440 West Indiantown Road Jupiter Florida 33458 Industrial Flex 1968, 1990, 2010 NAP 187,103  SF 145.64 Fee Simple 27,250,000 27,250,000
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson NAP NAP 151 East Broadway Boulevard & 256-278 East Congress Street Tucson Arizona 85701 Hospitality Limited Service 1916-1928, 2017 2017 136  Rooms 294,117.65 Leasehold 25,000,000 25,000,000
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office NAP NAP 800 Woodbury Road, 65, 105, 175 and 225 Froehlich Farm Road and 99 Sunnyside Boulevard Woodbury New York 11797 Office Medical 1978-1987 1996, 2000-2001 192,915  SF 127.00 Fee Simple 24,500,000 24,500,000
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio NAP NAP         Various Various     108,010  SF 204.61 Fee Simple 22,100,000 22,100,000
14.01 Property       Kitchin Place     1-9 Kitchin Place Asheville North Carolina 28803 Mixed Use Retail/Office 1926-1965 2005, 2011-2012 17,274  SF   Fee Simple    
14.02 Property       26 All Souls Crescent     26 All Souls Crescent Asheville North Carolina 28803 Mixed Use Retail/Office 2011 NAP 14,028  SF   Fee Simple    
14.03 Property       Melrose Place     5614 Kingston Pike Knoxville Tennessee 37919 Mixed Use Retail/Office 1987 2004 29,668  SF   Fee Simple    
14.04 Property       Village at Pelican Point     2735 Highway 190 Mandeville Louisiana 70471 Retail Unanchored 2012 NAP 11,992  SF   Fee Simple    
14.05 Property       Harbison Crossing     201 Harbison Boulevard Columbia South Carolina 29212 Retail Unanchored 2010 NAP 12,460  SF   Fee Simple    
14.06 Property       Jos. A Bank North Causeway      3320 North Causeway Boulevard Metairie Louisiana 70002 Retail Single Tenant Retail 1991 2007 5,895  SF   Fee Simple    
14.07 Property       1 All Souls Crescent     1 All Souls Crescent Asheville North Carolina 28803 Retail Unanchored 1964 2010 5,360  SF   Fee Simple    
14.08 Property       Jos. A. Bank on I-55 Frontage Road     4870 Interstate 55 North Jackson Mississippi 39211 Retail Single Tenant Retail 1985 2005 4,808  SF   Fee Simple    
14.09 Property       39 Dogwood Road     39 Dogwood Road Asheville North Carolina 28806 Industrial Flex 1998 NAP 6,525  SF   Fee Simple    
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio Group 2 NAP         Self Storage Self Storage     263,425  SF 79.72 Fee Simple 21,000,000 21,000,000
15.01 Property       AAA Storage City     3715 Argent Boulevard Ridgeland South Carolina 29936 Self Storage Self Storage 1994 NAP 78,690  SF   Fee Simple    
15.02 Property       CubeSmart PHX - E Washington St.     3036 & 3122 East Washington Street Phoenix Arizona 85034 Self Storage Self Storage 1977 NAP 83,360  SF   Fee Simple    
15.03 Property       CubeSmart PHX - N 43rd     1844 North 43rd Avenue Phoenix Arizona 85009 Self Storage Self Storage 1987 NAP 101,375  SF   Fee Simple    
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center NAP NAP 9909-9915 Mira Mesa Boulevard San Diego California 92131 Office Suburban 2001-2006 NAP 112,269  SF 176.32 Fee Simple 19,795,000 19,795,000
17 Loan 67 GACC German American Capital Corporation Thunderbird Village NAP NAP 4601 East 18th Street Vancouver Washington 98661 Multifamily Garden 1972 NAP 182  Units 104,395.60 Fee Simple 19,000,000 19,000,000
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago NAP NAP 2817 North Clark Street Chicago Illinois 60657 Retail Single Tenant Retail 1957 2012 26,432  SF 705.02 Fee Simple 18,635,000 18,635,000
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio NAP NAP         Self Storage Self Storage     224,125  SF 79.20 Fee Simple 17,750,000 17,750,000
19.01 Property       Vineland Self Storage     820 North Delsea Drive Vineland New Jersey 08360 Self Storage Self Storage 2005 NAP 98,850  SF   Fee Simple    
19.02 Property       Buena Self Storage     714 South Harding Highway and Wheat Road Buena New Jersey 08310 Self Storage Self Storage 2006 NAP 70,900  SF   Fee Simple    
19.03 Property       South Vineland     1851 South East Avenue Vineland New Jersey 08360 Self Storage Self Storage 2004 NAP 54,375  SF   Fee Simple    
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square NAP NAP 2900 University Avenue West Des Moines Iowa 50266 Retail Anchored 1983 1997, 2015-2018 141,703  SF 112.57 Fee Simple 16,000,000 15,952,113
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center NAP NAP 200 Line Creek Drive Peachtree City Georgia 30269 Retail Anchored 2016 NAP 97,255  SF 162.46 Fee Simple 15,800,000 15,800,000
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall NAP NAP 19501 Biscayne Boulevard Aventura Florida 33180 Retail Super Regional Mall 1983 2017 1,217,508  SF 1,155.39 Fee Simple 15,000,000 15,000,000
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills NAP NAP 33043 Hamilton Court Farmington Hills Michigan 48334 Hospitality Select Service 2017 NAP 106  Rooms 127,239.44 Fee Simple 13,500,000 13,487,380
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue Group 1 NAP 8701 Georgia Avenue Silver Spring Maryland 20910 Office CBD 1961 2017 100,175  SF 128.77 Fee Simple 12,900,000 12,900,000
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF NAP NAP 11606 McKinley Drive Tampa Florida 33612 Hospitality Extended Stay 2017 NAP 106  Rooms 118,396.23 Fee Simple 12,550,000 12,550,000
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive NAP NAP 1421 West Shure Drive Arlington Heights Illinois 60004 Office Suburban 1974 2015-2017 205,639  SF 142.85 Fee Simple 12,376,000 12,376,000
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments NAP NAP 1925 Moser Avenue Dallas Texas 75206 Multifamily Garden 1972 2016-2017 109  Units 112,385.32 Fee Simple 12,250,000 12,250,000
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor NAP NAP 921 Northwest 21st Avenue Portland Oregon 97209 Multifamily Garden 2018 NAP 27  Units 450,185.19 Fee Simple 12,155,000 12,155,000
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood Group 3 NAP 118 Laurel Park Cove Flowood Mississippi 39232 Hospitality Limited Service 2015-2016 NAP 112  Rooms 107,035.59 Fee Simple 12,000,000 11,987,986
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio NAP NAP         Retail Single Tenant Retail     140,706  SF 83.56 Fee Simple 11,757,000 11,757,000
30.01 Property       Dollar General - Chattanooga     151 Browns Ferry Road Chattanooga Tennessee 37419 Retail Single Tenant Retail 2013 NAP 12,406  SF   Fee Simple    
30.02 Property       Dollar General - Dixon     100 East Third Street Dixon Missouri 65459 Retail Single Tenant Retail 2015 NAP 10,640  SF   Fee Simple    
30.03 Property       Dollar General - Andalusia     700 6th Avenue West Andalusia Illinois 61232 Retail Single Tenant Retail 2015 NAP 9,100  SF   Fee Simple    
30.04 Property       Dollar General - Warroad     59574 MN-11 Warroad Minnesota 56763 Retail Single Tenant Retail 2015 NAP 9,100  SF   Fee Simple    
30.05 Property       Dollar General - Baudette     703 Main Street West Baudette Minnesota 56623 Retail Single Tenant Retail 2015 NAP 9,026  SF   Fee Simple    
30.06 Property       Dollar General - Woodhull     203 Southwest 5th Street Woodhull Illinois 61490 Retail Single Tenant Retail 2015 NAP 9,002  SF   Fee Simple    
30.07 Property       Dollar General - Pillager     113 State 210 West Pillager Minnesota 56473 Retail Single Tenant Retail 2015 NAP 9,026  SF   Fee Simple    
30.08 Property       Dollar General - Mapleton     315 North 4th Street Mapleton Iowa 51034 Retail Single Tenant Retail 2015 NAP 9,100  SF   Fee Simple    
30.09 Property       Dollar General - Patton     Rural Route 5 Box 1239 Patton Missouri 63662 Retail Single Tenant Retail 2015 NAP 9,026  SF   Fee Simple    
30.10 Property       Dollar General - Perry     44093 MO-154 Perry Missouri 63462 Retail Single Tenant Retail 2015 NAP 9,026  SF   Fee Simple    
30.11 Property       Dollar General - Keosauqua     1208 Broad Street Keosauqua Iowa 52565 Retail Single Tenant Retail 2015 NAP 9,026  SF   Fee Simple    
30.12 Property       Dollar General - Browerville     30921 US Highway 71 Browerville Minnesota 56438 Retail Single Tenant Retail 2015 NAP 9,002  SF   Fee Simple    
30.13 Property       Dollar General - Sumner     1307 West 1st Street Sumner Iowa 50674 Retail Single Tenant Retail 2015 NAP 9,026  SF   Fee Simple    
30.14 Property       Dollar General - Hedrick     301 West 6th Street Hedrick Iowa 52563 Retail Single Tenant Retail 2015 NAP 9,100  SF   Fee Simple    
30.15 Property       Dollar General - Wappapello     9898 Highway T Wappapello Missouri 63966 Retail Single Tenant Retail 2015 NAP 9,100  SF   Fee Simple    
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial NAP NAP 6221 & 6223 South Palo Verde Road Tucson Arizona 85706 Industrial Flex 1999 2017 120,810  SF 94.52 Fee Simple 11,485,000 11,418,909
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street NAP NAP 120 Spring Street New York New York 10012 Retail Single Tenant Retail 1920 2018 2,306  SF 4,941.89 Fee Simple 11,396,000 11,396,000
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley NAP NAP 920 University Avenue Berkeley California 94710 Hospitality Limited Service 1965 2015-2016 113  Rooms 92,920.35 Fee Simple 10,500,000 10,500,000
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio NAP NAP         Self Storage Self Storage     130,205  SF 69.12 Fee Simple 9,000,000 9,000,000
34.01 Property       Stor-All Storage - Acworth, GA     5745 Bells Ferry Road Acworth Georgia 30102 Self Storage Self Storage 2001, 2015 NAP 50,725  SF   Fee Simple    
34.02 Property       Compass Self Storage - Warren, MI     2420 East 14 Mile Road Warren Michigan 48092 Self Storage Self Storage 2000 NAP 79,480  SF   Fee Simple    
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans NAP NAP 1516 North Orleans Street Chicago Illinois 60610 Self Storage Self Storage 1920 1984, 2017 55,634  SF 156.38 Fee Simple 8,700,000 8,700,000
36 Loan 101 GACC German American Capital Corporation Vista Park Office NAP NAP 2701-2801 South Kiwanis Avenue Sioux Falls South Dakota 57105 Office Suburban 1975, 1993 NAP 92,229  SF 91.08 Fee Simple 8,400,000 8,400,000
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center NAP NAP 2208-2426 Southeast 182nd Avenue & 18415 Southeast Division Street Gresham Oregon 97233 Retail Anchored 1962 2012 92,677  SF 89.02 Fee Simple 8,250,000 8,250,000
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue NAP NAP 735 Bedford Avenue Brooklyn New York 11205 Mixed Use Retail/Office 1931 2016-2017 18,000  SF 416.67 Fee Simple 7,500,000 7,500,000
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center NAP NAP 2241 West Memorial Road Oklahoma City Oklahoma 73134 Retail Anchored 2005 2014 70,535  SF 102.08 Fee Simple 7,200,000 7,200,000
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College NAP NAP 115 Premiere Drive State College Pennsylvania 16801 Hospitality Limited Service 2009 NAP 79  Rooms 85,443.04 Fee Simple 6,750,000 6,750,000
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana NAP NAP 107 South Richland Creek Drive Princeton Indiana 47670 Hospitality Limited Service 1997 2012 101  Rooms 60,829.24 Fee Simple 6,150,000 6,143,753
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center NAP NAP 9910 Dupont Circle Drive Fort Wayne Indiana 46825 Office Suburban 2001 NAP 67,922  SF 74.93 Fee Simple 5,100,000 5,089,641
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis NAP NAP 2002 South East Street Indianapolis Indiana 46225 Industrial Warehouse/Distribution 1907, 1947, 1960, 1983 2013 394,570  SF 12.62 Fee Simple 5,000,000 4,979,921
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point Group 3 NAP 5821 Highway 45 Alternate South West Point Mississippi 39773 Hospitality Limited Service 2009 NAP 70  Rooms 66,930.47 Fee Simple 4,690,000 4,685,133
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage Group 2 NAP 277 Quality Drive Georgetown Kentucky 40324 Self Storage Self Storage 1994-2008 NAP 73,050  SF 61.94 Fee Simple 4,525,000 4,525,000
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center NAP NAP 29445 Beck Road, 47705, 47757 & 47815 West Road Wixom Michigan 48393 Industrial Flex 2003, 2005, 2006, 2014 NAP 128,308  SF 33.12 Fee Simple 4,250,000 4,250,000
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage NAP NAP 746 Knights Inn Drive Lansing Michigan 48917 Self Storage Self Storage 2004 NAP 48,510  SF 64.94 Fee Simple 3,150,000 3,150,000
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center NAP NAP 8485 West Sahara Avenue Las Vegas Nevada 89117 Retail Anchored 1997 2017 44,479  SF 67.45 Fee Simple 3,000,000 3,000,000
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin Group 4 NAP 770 North McLean Boulevard South Elgin Illinois 60177 Office Medical 2018 NAP 7,496  SF 363.16 Fee Simple 2,725,000 2,722,232
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi Group 4 NAP 600 Purcell Drive Potosi Missouri 63664 Office Medical 1990 2018 7,556  SF 220.59 Fee Simple 1,670,000 1,666,753

A-1

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Allocated Cut-off Date Loan Amount ($) % of Initial Pool Balance Balloon Balance ($) Mortgage Loan Rate (%) Administrative Fee Rate (%) (1) Net Mortgage Loan Rate (%) Monthly Debt Service ($) (2) Annual Debt Service ($) Pari Companion Loan Monthly Debt Service ($) Pari Companion Loan Annual Debt Service ($) Amortization Type Interest Accrual Method Seasoning (Mos.) Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.)
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue 88,000,000 10.0% 88,000,000 4.75000% 0.01365% 4.73635% 353,171.30 4,238,055.60 377,251.15 4,527,013.80 Interest Only Actual/360 2 120 118
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza 47,000,000 5.3% 47,000,000 5.36000% 0.02308% 5.33692% 212,849.07 2,554,188.84     Interest Only Actual/360 2 120 118
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center 47,000,000 5.3% 43,344,226 4.99000% 0.01308% 4.97692% 252,019.00 3,024,228.00     Interest Only, Then Amortizing Actual/360 1 60 59
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio 36,500,000 4.1% 36,500,000 5.08000% 0.01433% 5.06567% 156,662.73 1,879,952.76 163,100.93 1,957,211.16 Interest Only Actual/360 2 120 118
4.01 Property       Gavilon Headquarters 15,873,826 1.8%                          
4.02 Property       Northland Innovation Campus 7,006,040 0.8%                          
4.03 Property       Oerlikon Industrial Facility 6,957,047 0.8%                          
4.04 Property       Essence Group Headquarters 6,663,087 0.8%                          
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial 35,000,000 4.0% 35,000,000 4.91800% 0.01433% 4.90367% 145,433.91 1,745,206.92 378,543.70 4,542,524.40 Interest Only - ARD Actual/360 4 120 116
5.01 Property       Staples - Hagerstown, MD 9,714,512 1.1%                          
5.02 Property       Staples - Montgomery, NY 7,494,052 0.8%                          
5.03 Property       Staples - Terre Haute, IN 5,842,585 0.7%                          
5.04 Property       Staples - London, OH 4,302,141 0.5%                          
5.05 Property       Staples - Beloit, WI 3,136,400 0.4%                          
5.06 Property       Staples - Dayville, CT 2,636,796 0.3%                          
5.07 Property       Staples - Arden Hills, MN 971,451 0.1%                          
5.08 Property       Staples - Putnam, CT 902,062 0.1%                          
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street 33,900,000 3.8% 33,900,000 5.18828% 0.01308% 5.17520% 148,604.59 1,783,255.08     Interest Only Actual/360 0 120 120
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio 32,750,000 3.7% 28,220,556 4.84000% 0.01461% 4.82539% 172,620.62 2,071,447.44 79,062.88 948,754.56 Interest Only, Then Amortizing Actual/360 2 24 22
7.01 Property       Oak Brook Gateway 22,119,110 2.5%                          
7.02 Property       Cornerstone I at Cantera 10,630,890 1.2%                          
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 32,000,000 3.6% 32,000,000 4.33700% 0.01433% 4.32267% 117,259.63 1,407,115.56 183,218.17 2,198,618.04 Interest Only Actual/360 2 120 118
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 30,795,000 3.5% 25,910,074 4.88000% 0.01308% 4.86692% 163,063.15 1,956,757.80     Interest Only, Then Amortizing Actual/360 1 12 11
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail 30,000,000 3.4% 30,000,000 5.23000% 0.03433% 5.19567% 132,565.97 1,590,791.64 384,441.32 4,613,295.84 Interest Only Actual/360 2 120 118
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 27,250,000 3.1% 27,250,000 4.94000% 0.03308% 4.90692% 113,737.21 1,364,846.52     Interest Only - ARD Actual/360 1 120 119
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 25,000,000 2.8% 22,310,373 5.38000% 0.01508% 5.36492% 140,070.75 1,680,849.00 84,042.45 1,008,509.40 Interest Only, Then Amortizing Actual/360 1 36 35
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 24,500,000 2.8% 24,500,000 4.67000% 0.01308% 4.65692% 96,670.08 1,160,040.96     Interest Only Actual/360 2 120 118
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio 22,100,000 2.5% 16,491,920 4.95000% 0.01308% 4.93692% 128,551.42 1,542,617.04     Amortizing Actual/360 0 0 0
14.01 Property       Kitchin Place 4,787,561 0.5%                          
14.02 Property       26 All Souls Crescent 4,247,030 0.5%                          
14.03 Property       Melrose Place 2,563,662 0.3%                          
14.04 Property       Village at Pelican Point 2,501,887 0.3%                          
14.05 Property       Harbison Crossing 2,486,443 0.3%                          
14.06 Property       Jos. A Bank North Causeway  2,316,562 0.3%                          
14.07 Property       1 All Souls Crescent 1,436,268 0.2%                          
14.08 Property       Jos. A. Bank on I-55 Frontage Road 1,359,050 0.2%                          
14.09 Property       39 Dogwood Road 401,537 0.0%                          
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio 21,000,000 2.4% 18,726,033 5.34000% 0.01308% 5.32692% 117,136.16 1,405,633.92     Interest Only, Then Amortizing Actual/360 2 36 34
15.01 Property       AAA Storage City 7,800,000 0.9%                          
15.02 Property       CubeSmart PHX - E Washington St. 6,900,000 0.8%                          
15.03 Property       CubeSmart PHX - N 43rd 6,300,000 0.7%                          
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center 19,795,000 2.2% 19,795,000 4.65000% 0.04308% 4.60692% 77,770.98 933,251.76     Interest Only Actual/360 1 120 119
17 Loan 67 GACC German American Capital Corporation Thunderbird Village 19,000,000 2.2% 16,834,409 5.04000% 0.01308% 5.02692% 102,461.09 1,229,533.08     Interest Only, Then Amortizing Actual/360 2 36 34
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 18,635,000 2.1% 18,635,000 5.05000% 0.06183% 4.98817% 79,511.49 954,137.88     Interest Only Actual/360 2 120 118
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio 17,750,000 2.0% 15,813,816 5.30000% 0.01308% 5.28692% 98,566.58 1,182,798.96     Interest Only, Then Amortizing Actual/360 1 36 35
19.01 Property       Vineland Self Storage 7,513,000 0.9%                          
19.02 Property       Buena Self Storage 6,209,000 0.7%                          
19.03 Property       South Vineland 4,028,000 0.5%                          
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 15,952,113 1.8% 13,365,749 5.50000% 0.01308% 5.48692% 90,846.24 1,090,154.88     Amortizing Actual/360 3 0 0
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center 15,800,000 1.8% 14,562,181 4.95000% 0.01308% 4.93692% 84,335.66 1,012,027.92     Interest Only, Then Amortizing Actual/360 1 60 59
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 15,000,000 1.7% 15,000,000 4.12125% 0.01308% 4.10817% 52,231.12 626,773.44 4,846,003.29 58,152,039.48 Interest Only Actual/360 7 120 113
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 13,487,380 1.5% 11,287,605 5.53000% 0.01308% 5.51692% 76,905.81 922,869.72     Amortizing Actual/360 1 0 0
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 12,900,000 1.5% 12,900,000 4.95000% 0.01308% 4.93692% 53,951.56 647,418.72     Interest Only Actual/360 1 120 119
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 12,550,000 1.4% 10,666,159 5.23000% 0.01308% 5.21692% 69,146.18 829,754.16     Interest Only, Then Amortizing Actual/360 1 12 11
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive 12,376,000 1.4% 11,430,644 5.09000% 0.01433% 5.07567% 67,119.44 805,433.28 92,197.03 1,106,364.36 Interest Only, Then Amortizing Actual/360 3 60 57
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments 12,250,000 1.4% 12,250,000 5.25000% 0.05308% 5.19692% 54,338.11 652,057.32     Interest Only Actual/360 0 120 120
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor 12,155,000 1.4% 12,155,000 5.11000% 0.04308% 5.06692% 52,478.93 629,747.16     Interest Only Actual/360 1 120 119
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 11,987,986 1.4% 9,945,675 5.25000% 0.01308% 5.23692% 66,264.44 795,173.28     Amortizing Actual/360 1 0 0
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio 11,757,000 1.3% 10,852,352 5.04800% 0.01308% 5.03492% 63,459.47 761,513.64     Interest Only, Then Amortizing - ARD Actual/360 2 60 58
30.01 Property       Dollar General - Chattanooga 1,321,550 0.1%                          
30.02 Property       Dollar General - Dixon 862,773 0.1%                          
30.03 Property       Dollar General - Andalusia 814,842 0.1%                          
30.04 Property       Dollar General - Warroad 807,994 0.1%                          
30.05 Property       Dollar General - Baudette 794,299 0.1%                          
30.06 Property       Dollar General - Woodhull 780,605 0.1%                          
30.07 Property       Dollar General - Pillager 766,910 0.1%                          
30.08 Property       Dollar General - Mapleton 732,673 0.1%                          
30.09 Property       Dollar General - Patton 718,978 0.1%                          
30.10 Property       Dollar General - Perry 712,130 0.1%                          
30.11 Property       Dollar General - Keosauqua 712,130 0.1%                          
30.12 Property       Dollar General - Browerville 705,283 0.1%                          
30.13 Property       Dollar General - Sumner 691,588 0.1%                          
30.14 Property       Dollar General - Hedrick 684,741 0.1%                          
30.15 Property       Dollar General - Wappapello 650,504 0.1%                          
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 11,418,909 1.3% 9,413,326 4.90500% 0.01308% 4.89192% 60,988.87 731,866.44     Amortizing Actual/360 5 0 0
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street 11,396,000 1.3% 11,396,000 5.35000% 0.01308% 5.33692% 51,512.82 618,153.84     Interest Only Actual/360 2 60 58
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 10,500,000 1.2% 9,334,616 5.20000% 0.01308% 5.18692% 57,656.64 691,879.68     Amortizing Actual/360 0 0 0
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio 9,000,000 1.0% 8,032,166 5.38000% 0.06183% 5.31817% 50,425.47 605,105.64     Interest Only, Then Amortizing Actual/360 2 36 34
34.01 Property       Stor-All Storage - Acworth, GA 5,300,000 0.6%                          
34.02 Property       Compass Self Storage - Warren, MI 3,700,000 0.4%                          
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans 8,700,000 1.0% 7,748,132 5.28000% 0.01308% 5.26692% 48,203.51 578,442.12     Interest Only, Then Amortizing Actual/360 2 36 34
36 Loan 101 GACC German American Capital Corporation Vista Park Office 8,400,000 1.0% 7,166,725 5.36500% 0.04308% 5.32192% 46,985.23 563,822.76     Interest Only, Then Amortizing Actual/360 2 12 10
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center 8,250,000 0.9% 7,118,136 4.89000% 0.01308% 4.87692% 43,734.82 524,817.84     Interest Only, Then Amortizing Actual/360 2 24 22
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue 7,500,000 0.8% 7,500,000 5.10000% 0.01308% 5.08692% 32,317.71 387,812.52     Interest Only Actual/360 0 120 120
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 7,200,000 0.8% 6,649,022 5.08000% 0.01308% 5.06692% 39,003.95 468,047.40     Interest Only, Then Amortizing Actual/360 3 60 57
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 6,750,000 0.8% 5,593,959 5.25000% 0.04308% 5.20692% 37,273.75 447,285.00     Amortizing Actual/360 0 0 0
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 6,143,753 0.7% 5,087,402 5.19000% 0.01308% 5.17692% 33,732.34 404,788.08     Amortizing Actual/360 1 0 0
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center 5,089,641 0.6% 4,220,530 5.20000% 0.01308% 5.18692% 28,004.65 336,055.80     Amortizing Actual/360 2 0 0
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis 4,979,921 0.6% 4,520,724 6.00200% 0.01308% 5.98892% 32,221.18 386,654.16     Amortizing Actual/360 3 0 0
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 4,685,133 0.5% 3,868,443 5.10000% 0.01308% 5.08692% 25,464.34 305,572.08     Amortizing Actual/360 1 0 0
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage 4,525,000 0.5% 4,028,858 5.27000% 0.01308% 5.25692% 25,043.30 300,519.60     Interest Only, Then Amortizing Actual/360 1 36 35
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center 4,250,000 0.5% 4,250,000 4.49000% 0.06308% 4.42692% 16,122.95 193,475.40     Interest Only Actual/360 1 120 119
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 3,150,000 0.4% 2,748,400 5.34000% 0.01308% 5.32692% 17,570.42 210,845.04     Interest Only, Then Amortizing Actual/360 1 24 23
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center 3,000,000 0.3% 3,000,000 4.44000% 0.01308% 4.42692% 11,254.17 135,050.04     Interest Only Actual/360 1 120 119
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin 2,722,232 0.3% 2,254,175 5.19000% 0.01308% 5.17692% 14,946.44 179,357.28     Amortizing Actual/360 1 0 0
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi 1,666,753 0.2% 1,389,931 5.38000% 0.01308% 5.36692% 9,356.73 112,280.76     Amortizing Actual/360 2 0 0

A-2

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Due Date First Due Date Last IO Due Date First P&I Due Date Maturity Date / ARD ARD
(Yes / No)		 Final Maturity Date Grace Period- Late Fee Grace Period- Default Prepayment Provision (3)
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue 120 118 0 0 11/30/2018 6 1/6/2019 12/6/2028   12/6/2028 No   0 0 Lockout/26_Defeasance/87_0%/7
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza 120 118 0 0 11/7/2018 6 1/6/2019 12/6/2028   12/6/2028 No   0 0 Lockout/26_Defeasance/91_0%/3
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center 120 119 360 360 12/11/2018 6 2/6/2019 1/6/2024 2/6/2024 1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio 120 118 0 0 11/20/2018 6 1/6/2019 12/6/2028   12/6/2028 No   0 0 Lockout/26_Defeasance or YM1%/90_0%/4
4.01 Property       Gavilon Headquarters                              
4.02 Property       Northland Innovation Campus                              
4.03 Property       Oerlikon Industrial Facility                              
4.04 Property       Essence Group Headquarters                              
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial 120 116 0 0 9/28/2018 6 11/6/2018 10/6/2028   10/6/2028 Yes 10/6/2033 0 0 Lockout/28_Defeasance/87_0%/5
5.01 Property       Staples - Hagerstown, MD                              
5.02 Property       Staples - Montgomery, NY                              
5.03 Property       Staples - Terre Haute, IN                              
5.04 Property       Staples - London, OH                              
5.05 Property       Staples - Beloit, WI                              
5.06 Property       Staples - Dayville, CT                              
5.07 Property       Staples - Arden Hills, MN                              
5.08 Property       Staples - Putnam, CT                              
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street 120 120 0 0 1/14/2019 6 3/6/2019 2/6/2029   2/6/2029 No   0 0 Lockout/24_Defeasance/91_0%/5
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio 120 118 360 360 11/30/2018 6 1/6/2019 12/6/2020 1/6/2021 12/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4
7.01 Property       Oak Brook Gateway                              
7.02 Property       Cornerstone I at Cantera                              
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 120 118 0 0 11/7/2018 1 1/1/2019 12/1/2028   12/1/2028 No   0 0 Lockout/13_YM1%/103_0%/4
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 120 119 360 360 12/12/2018 6 2/6/2019 1/6/2020 2/6/2020 1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail 120 118 0 0 11/15/2018 1 1/1/2019 12/1/2028   12/1/2028 No   0 0 Lockout/25_YM1%/1_Defeasance or YM1%/91_0%/3
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 120 119 0 0 12/18/2018 1 2/1/2019 1/1/2029   1/1/2029 Yes 6/1/2029 0 0 Lockout/25_Defeasance/91_0%/4
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 120 119 360 360 12/19/2018 6 2/6/2019 1/6/2022 2/6/2022 1/6/2029 No   5 days grace, once per calendar year 0 Lockout/25_Defeasance/91_0%/4
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 120 118 0 0 11/28/2018 6 1/6/2019 12/6/2028   12/6/2028 No   0 0 Lockout/26_Defeasance/88_0%/6
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio 120 120 300 300 1/8/2019 6 3/6/2019   3/6/2019 2/6/2029 No   0 0 Lockout/24_Defeasance/93_0%/3
14.01 Property       Kitchin Place                              
14.02 Property       26 All Souls Crescent                              
14.03 Property       Melrose Place                              
14.04 Property       Village at Pelican Point                              
14.05 Property       Harbison Crossing                              
14.06 Property       Jos. A Bank North Causeway                               
14.07 Property       1 All Souls Crescent                              
14.08 Property       Jos. A. Bank on I-55 Frontage Road                              
14.09 Property       39 Dogwood Road                              
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio 120 118 360 360 11/28/2018 6 1/6/2019 12/6/2021 1/6/2022 12/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4
15.01 Property       AAA Storage City                              
15.02 Property       CubeSmart PHX - E Washington St.                              
15.03 Property       CubeSmart PHX - N 43rd                              
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center 120 119 0 0 12/13/2018 1 2/1/2019 1/1/2029   1/1/2029 No   5 5 Lockout/25__Defeasance or YM1%/90_YM1%/1_0%/4
17 Loan 67 GACC German American Capital Corporation Thunderbird Village 120 118 360 360 11/30/2018 6 1/6/2019 12/6/2021 1/6/2022 12/6/2028 No   0 0 Lockout/26_Defeasance/89_0%/5
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 120 118 0 0 11/21/2018 6 1/6/2019 12/6/2028   12/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio 120 119 360 360 12/13/2018 6 2/6/2019 1/6/2022 2/6/2022 1/6/2029 No   0 0 Lockout/25_Defeasance or YM1%/91_0%/4
19.01 Property       Vineland Self Storage                              
19.02 Property       Buena Self Storage                              
19.03 Property       South Vineland                              
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 120 117 360 357 10/19/2018 6 12/6/2018   12/6/2018 11/6/2028 No   0 0 Lockout/27_Defeasance/89_0%/4
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center 120 119 360 360 12/21/2018 6 2/6/2019 1/6/2024 2/6/2024 1/6/2029 No   0 0 Lockout/25_Defeasance/92_0%/3
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 120 113 0 0 6/7/2018 1 8/1/2018 7/1/2028   7/1/2028 No   0 0 Lockout/31_Defeasance/82_0%/7
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 120 119 360 359 12/21/2018 6 2/6/2019   2/6/2019 1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 120 119 0 0 1/3/2019 6 2/6/2019 1/6/2029   1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 120 119 360 360 12/14/2018 6 2/6/2019 1/6/2020 2/6/2020 1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive 120 117 360 360 10/26/2018 1 12/1/2018 11/1/2023 12/1/2023 11/1/2028 No   0 0 Lockout/25_YM1%/92_0%/3
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments 120 120 0 0 1/11/2019 1 3/1/2019 2/1/2029   2/1/2029 No   0 0 Lockout/25_YM1%/92_0%/3
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor 120 119 0 0 12/21/2018 6 2/6/2019 1/6/2029   1/6/2029 No   0 0 Lockout/25_Defeasance/90_0%/5
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 120 119 360 359 12/20/2018 1 2/1/2019   2/1/2019 1/1/2029 No   0 0 Lockout/25_YM1%/92_0%/3
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio 120 118 360 360 11/15/2018 6 1/6/2019 12/6/2023 1/6/2024 12/6/2028 Yes 12/6/2030 0 0 Lockout/26_Defeasance/90_0%/4
30.01 Property       Dollar General - Chattanooga                              
30.02 Property       Dollar General - Dixon                              
30.03 Property       Dollar General - Andalusia                              
30.04 Property       Dollar General - Warroad                              
30.05 Property       Dollar General - Baudette                              
30.06 Property       Dollar General - Woodhull                              
30.07 Property       Dollar General - Pillager                              
30.08 Property       Dollar General - Mapleton                              
30.09 Property       Dollar General - Patton                              
30.10 Property       Dollar General - Perry                              
30.11 Property       Dollar General - Keosauqua                              
30.12 Property       Dollar General - Browerville                              
30.13 Property       Dollar General - Sumner                              
30.14 Property       Dollar General - Hedrick                              
30.15 Property       Dollar General - Wappapello                              
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 120 115 360 355 9/6/2018 6 10/6/2018   10/6/2018 9/6/2028 No   0 0 Lockout/29_Defeasance/86_0%/5
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street 60 58 0 0 11/29/2018 1 1/1/2019 12/1/2023   12/1/2023 No   0 0 Lockout/25_YM1%/29_0%/6
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 84 84 360 360 1/9/2019 1 3/1/2019   3/1/2019 2/1/2026 No   0 0 Lockout/25_YM1%/56_0%/3
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio 120 118 360 360 11/28/2018 6 1/6/2019 12/6/2021 1/6/2022 12/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4
34.01 Property       Stor-All Storage - Acworth, GA                              
34.02 Property       Compass Self Storage - Warren, MI                              
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans 120 118 360 360 12/6/2018 6 1/6/2019 12/6/2021 1/6/2022 12/6/2028 No   0 0 Lockout/26_Defeasance/89_0%/5
36 Loan 101 GACC German American Capital Corporation Vista Park Office 120 118 360 360 11/30/2018 6 1/6/2019 12/6/2019 1/6/2020 12/6/2028 No   0 0 Lockout/26_Defeasance/90_0%/4
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center 120 118 360 360 11/28/2018 6 1/6/2019 12/6/2020 1/6/2021 12/6/2028 No   0 0 Lockout/26_YM1%/89_0%/5
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue 120 120 0 0 1/9/2019 6 3/6/2019 2/6/2029   2/6/2029 No   0 0 Lockout/24_Defeasance/93_0%/3
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 120 117 360 360 10/31/2018 6 12/6/2018 11/6/2023 12/6/2023 11/6/2028 No   0 0 Lockout/27_Defeasance/86_0%/7
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 120 120 360 360 1/9/2019 6 3/6/2019   3/6/2019 2/6/2029 No   0 0 Lockout/24_Defeasance/93_0%/3
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 120 119 360 359 12/13/2018 6 2/6/2019   2/6/2019 1/6/2029 No   0 0 Lockout/25_Defeasance/90_0%/5
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center 120 118 360 358 11/28/2018 6 1/6/2019   1/6/2019 12/6/2028 No   0 0 Lockout/26_Defeasance/91_0%/3
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis 60 57 300 297 11/5/2018 6 12/6/2018   12/6/2018 11/6/2023 No   0 0 Lockout/27_Defeasance/28_0%/5
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 120 119 360 359 12/20/2018 1 2/1/2019   2/1/2019 1/1/2029 No   0 0 Lockout/25_YM1%/92_0%/3
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage 120 119 360 360 12/20/2018 6 2/6/2019 1/6/2022 2/6/2022 1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center 120 119 0 0 12/20/2018 6 2/6/2019 1/6/2029   1/6/2029 No   0 0 Lockout/25_Defeasance/91_0%/4
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 120 119 360 360 12/28/2018 6 2/6/2019 1/6/2021 2/6/2021 1/6/2029 No   0 0 Lockout/25_YM1%/91_0%/4
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center 120 119 0 0 12/19/2018 6 2/6/2019 1/6/2029   1/6/2029 No   0 0 Lockout/25_Defeasance/88_0%/7
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin 120 119 360 359 12/7/2018 1 2/1/2019   2/1/2019 1/1/2029 No   5 5 Lockout/25_Defeasance/91_0%/4
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi 120 118 360 358 11/20/2018 1 1/1/2019   1/1/2019 12/1/2028 No   5 5 Lockout/26_Defeasance/90_0%/4

A-3

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name 2015 EGI ($) 2015 Expenses ($) 2015 NOI ($) 2016 EGI ($) 2016 Expenses ($) 2016 NOI ($) 2017 EGI ($) 2017 Expenses ($) 2017 NOI ($) Most Recent EGI (if past 2017) ($) Most Recent Expenses (if past 2017) ($) Most Recent NOI (if past 2017) ($) Most Recent NOI Date (if past 2017) Most Recent # of months Most Recent Description
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue N/A N/A N/A 33,730,904 15,156,539 18,574,365 34,088,864 16,566,079 17,522,785 32,390,743 16,631,958 15,758,785 9/30/2018 12 Trailing 12
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza N/A N/A N/A N/A N/A N/A 5,715,137 2,753,211 2,961,926 4,052,255 2,692,944 1,359,311 9/30/2018 12 Trailing 12
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center N/A N/A N/A 9,450,179 4,380,640 5,069,539 9,435,876 5,323,369 4,112,507 10,168,876 5,664,424 4,504,452 9/30/2018 12 Trailing 12
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
4.01 Property       Gavilon Headquarters N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
4.02 Property       Northland Innovation Campus N/A N/A N/A 1,295,870 242,600 1,053,269 1,946,504 435,645 1,510,860 1,949,916 571,513 1,378,403 9/30/2018 12 Trailing 12
4.03 Property       Oerlikon Industrial Facility N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
4.04 Property       Essence Group Headquarters N/A N/A N/A 3,103,180 1,520,326 1,582,854 3,052,139 1,451,322 1,600,817 2,826,280 1,551,469 1,274,810 6/30/2018 12 Trailing 12
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.01 Property       Staples - Hagerstown, MD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.02 Property       Staples - Montgomery, NY N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.03 Property       Staples - Terre Haute, IN N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.04 Property       Staples - London, OH N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.05 Property       Staples - Beloit, WI N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.06 Property       Staples - Dayville, CT N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.07 Property       Staples - Arden Hills, MN N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
5.08 Property       Staples - Putnam, CT N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street N/A N/A N/A N/A N/A N/A N/A N/A N/A 1,546,780 416,229 1,130,551 10/31/2018 12 Trailing 12
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio 7,115,575 3,502,863 3,612,712 7,053,036 3,507,119 3,545,917 7,096,444 3,531,456 3,564,988 7,832,105 3,723,910 4,108,195 9/30/2018 12 Trailing 12
7.01 Property       Oak Brook Gateway 4,185,953 2,101,481 2,084,472 4,760,964 2,183,336 2,577,628 4,675,046 2,244,200 2,430,846 5,385,459 2,372,759 3,012,700 9/30/2018 12 Trailing 12
7.02 Property       Cornerstone I at Cantera 2,929,622 1,401,381 1,528,240 2,292,072 1,323,783 968,289 2,421,398 1,287,256 1,134,142 2,446,646 1,351,151 1,095,495 9/30/2018 12 Trailing 12
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 12,383,021 4,013,895 8,369,126 12,780,601 4,022,405 8,758,196 12,624,745 3,900,776 8,723,969 9,307,485 3,939,998 5,367,487 9/30/2018 12 Trailing 12
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 3,769,075 946,038 2,823,037 3,716,760 878,669 2,838,091 3,881,399 1,124,301 2,757,098 4,033,780 1,157,735 2,876,045 9/30/2018 12 Trailing 12
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association 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 8/31/2018 12 Trailing 12
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 3,046,204 823,672 2,222,532 3,012,409 802,622 2,209,787 4,040,342 1,446,065 2,594,277 4,412,835 1,515,662 2,897,172 10/31/2018 12 Trailing 12
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson N/A N/A N/A N/A N/A N/A N/A N/A N/A 9,775,368 3,795,149 5,980,220 12/31/2018 12 Actuals for January-November 2018 / Budget December 2018
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 3,928,738 2,036,620 1,892,118 4,614,232 2,510,076 2,104,156 4,989,531 2,565,251 2,424,280 5,401,963 2,627,326 2,774,637 9/30/2018 12 Trailing 12
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio 3,255,615 738,923 2,516,692 3,180,377 737,218 2,443,160 3,160,944 770,700 2,390,243 3,256,656 789,896 2,466,760 10/31/2018 12 Trailing 12
14.01 Property       Kitchin Place 703,221 124,373 578,848 629,791 112,133 517,658 627,198 135,739 491,459 669,087 138,900 530,187 10/31/2018 12 Trailing 12
14.02 Property       26 All Souls Crescent 556,888 101,118 455,770 512,285 103,017 409,268 530,331 110,862 419,468 534,452 103,833 430,619 10/31/2018 12 Trailing 12
14.03 Property       Melrose Place 416,376 156,594 259,782 431,824 148,805 283,019 434,875 142,535 292,340 489,243 165,442 323,802 10/31/2018 12 Trailing 12
14.04 Property       Village at Pelican Point 410,062 69,675 340,387 421,597 78,989 342,609 393,604 83,692 309,912 410,838 82,304 328,534 10/31/2018 12 Trailing 12
14.05 Property       Harbison Crossing 501,283 138,611 362,672 484,070 138,170 345,900 451,501 140,546 310,956 414,477 149,912 264,565 10/31/2018 12 Trailing 12
14.06 Property       Jos. A Bank North Causeway  235,317 55,242 180,076 251,287 60,012 191,275 258,413 51,015 207,398 247,767 39,994 207,773 10/31/2018 12 Trailing 12
14.07 Property       1 All Souls Crescent 195,395 45,048 150,347 193,318 44,788 148,530 198,452 52,798 145,654 202,912 54,445 148,467 10/31/2018 12 Trailing 12
14.08 Property       Jos. A. Bank on I-55 Frontage Road 187,023 40,254 146,768 205,655 43,404 162,252 212,737 43,995 168,742 230,702 45,673 185,029 10/31/2018 12 Trailing 12
14.09 Property       39 Dogwood Road 50,050 8,008 42,042 50,550 7,900 42,650 53,833 9,518 44,314 57,178 9,395 47,784 10/31/2018 12 Trailing 12
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio N/A N/A N/A 2,632,269 879,138 1,753,130 2,714,567 838,817 1,875,749 2,752,694 859,361 1,893,333 9/30/2018 12 Trailing 12
15.01 Property       AAA Storage City N/A N/A N/A 847,512 300,678 546,834 896,547 268,400 628,147 943,200 298,761 644,439 9/30/2018 12 Trailing 12
15.02 Property       CubeSmart PHX - E Washington St. N/A N/A N/A 859,922 254,896 605,026 907,608 274,833 632,775 912,527 267,966 644,561 9/30/2018 12 Trailing 12
15.03 Property       CubeSmart PHX - N 43rd N/A N/A N/A 924,835 323,564 601,271 910,412 295,584 614,828 896,967 292,634 604,333 9/30/2018 12 Trailing 12
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center N/A N/A N/A 3,172,627 985,896 2,186,731 3,145,261 1,050,014 2,095,247 2,990,321 1,071,684 1,918,637 10/31/2018 12 Trailing 12
17 Loan 67 GACC German American Capital Corporation Thunderbird Village N/A N/A N/A 1,816,631 906,259 910,372 2,177,463 872,029 1,305,434 2,528,119 1,003,716 1,524,403 9/30/2018 12 Trailing 12
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 1,734,240 262,381 1,471,859 1,757,830 265,253 1,492,577 1,756,310 284,926 1,471,384 1,773,934 305,030 1,468,905 9/30/2018 12 Trailing 12
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio N/A N/A N/A 1,852,168 485,487 1,366,681 2,013,292 466,023 1,547,269 2,071,526 507,056 1,564,470 9/30/2018 9 Annualized
19.01 Property       Vineland Self Storage N/A N/A N/A 808,402 213,278 595,124 862,486 202,186 660,300 883,759 220,061 663,698 9/30/2018 9 Annualized
19.02 Property       Buena Self Storage N/A N/A N/A 676,772 162,916 513,856 693,273 151,828 541,445 715,799 169,744 546,055 9/30/2018 9 Annualized
19.03 Property       South Vineland N/A N/A N/A 366,994 109,293 257,701 457,533 112,009 345,524 471,968 117,251 354,717 9/30/2018 9 Annualized
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 882,811 474,196 408,616 1,349,039 451,080 897,959 1,497,636 489,120 1,008,516 1,588,306 496,292 1,092,014 6/30/2018 12 Trailing 12
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center N/A N/A N/A N/A N/A N/A 1,572,434 321,544 1,250,891 1,798,736 315,148 1,483,588 10/31/2018 12 Trailing 12
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 138,505,834 29,480,495 109,025,339 139,956,585 29,303,182 110,653,403 145,286,882 30,046,320 115,240,562 149,776,330 31,484,933 118,291,397 3/31/2018 12 Trailing 12
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills N/A N/A N/A N/A N/A N/A 2,459,821 1,610,053 849,767 3,582,710 1,918,398 1,664,312 10/31/2018 12 Trailing 12
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 1,827,527 1,114,689 712,838 2,149,058 1,099,208 1,049,850 2,400,275 1,073,762 1,326,513 2,508,052 1,122,586 1,385,466 9/30/2018 12 Trailing 12
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF N/A N/A N/A N/A N/A N/A N/A N/A N/A 3,742,673 2,141,270 1,601,403 10/31/2018 12 Trailing 12
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A 1,488,333 346,424 1,141,909 11/30/2018 12 Trailing 12
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor N/A N/A N/A N/A N/A N/A N/A N/A N/A 1,042,853 223,095 819,759 11/20/2018 1 Annualized
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood N/A N/A N/A N/A N/A N/A 4,194,368 2,888,488 1,305,880 4,144,247 2,805,265 1,338,982 10/31/2018 12 Trailing 12
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.01 Property       Dollar General - Chattanooga N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.02 Property       Dollar General - Dixon N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.03 Property       Dollar General - Andalusia N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.04 Property       Dollar General - Warroad N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.05 Property       Dollar General - Baudette N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.06 Property       Dollar General - Woodhull N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.07 Property       Dollar General - Pillager N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.08 Property       Dollar General - Mapleton N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.09 Property       Dollar General - Patton N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.10 Property       Dollar General - Perry N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.11 Property       Dollar General - Keosauqua N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.12 Property       Dollar General - Browerville N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.13 Property       Dollar General - Sumner N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.14 Property       Dollar General - Hedrick N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
30.15 Property       Dollar General - Wappapello N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 668,174 283,246 384,928 672,807 270,395 402,411 1,142,958 361,006 781,952 1,454,553 313,289 1,141,265 7/31/2018 12 Trailing 12
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street N/A N/A N/A N/A N/A N/A N/A N/A N/A 691,668 95,887 595,781 5/31/2018 12 Trailing 12
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 3,726,809 2,787,229 939,580 4,085,591 2,708,274 1,377,317 4,155,333 2,956,640 1,198,693 4,370,087 3,000,022 1,370,065 9/30/2018 12 Trailing 12
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio N/A N/A N/A 1,147,517 491,001 656,516 1,259,727 536,355 723,372 1,374,099 539,836 834,263 10/31/2018 12 Trailing 12
34.01 Property       Stor-All Storage - Acworth, GA N/A N/A N/A 446,671 193,092 253,578 499,224 228,941 270,283 539,159 231,108 308,051 10/31/2018 12 Trailing 12
34.02 Property       Compass Self Storage - Warren, MI N/A N/A N/A 700,846 297,909 402,937 760,503 307,414 453,089 834,940 308,728 526,212 10/31/2018 12 Trailing 12
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans N/A N/A N/A 1,245,065 801,264 443,801 N/A N/A N/A 1,357,518 642,625 714,893 9/30/2018 12 Trailing 12
36 Loan 101 GACC German American Capital Corporation Vista Park Office 1,489,702 617,036 872,666 1,494,916 643,413 851,503 1,508,417 666,329 842,088 1,570,854 679,130 891,724 8/31/2018 12 Trailing 12
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center N/A N/A N/A 1,158,035 358,224 799,811 1,142,277 349,490 792,787 1,206,280 354,376 851,903 6/30/2018 12 Trailing 12
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 1,092,777 237,284 855,494 1,017,565 221,690 795,875 1,114,664 228,717 885,948 1,087,623 230,891 856,731 8/31/2018 12 Trailing 12
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 1,904,604 1,270,515 634,090 1,963,350 1,324,582 638,768 2,210,636 1,450,593 760,043 2,304,458 1,445,613 858,846 11/30/2018 12 Trailing 12
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 2,860,801 1,730,887 1,129,914 2,782,914 1,830,658 952,256 2,832,491 1,788,554 1,043,937 2,971,044 1,873,560 1,097,484 9/30/2018 12 Trailing 12
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center N/A N/A N/A 793,245 481,702 311,543 804,496 477,532 326,964 832,724 507,195 325,529 9/30/2018 12 Trailing 12
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis N/A N/A N/A 867,101 114,562 752,539 864,033 91,674 772,359 864,033 87,575 776,458 6/30/2018 6 Annualized
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 1,782,901 1,267,252 515,649 1,779,101 1,269,663 509,437 1,888,491 1,317,271 571,220 1,846,712 1,281,372 565,340 10/31/2018 12 Trailing 12
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage N/A N/A N/A 623,233 183,760 439,473 621,149 192,063 429,086 629,801 186,541 443,260 10/31/2018 12 Trailing 12
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center N/A N/A N/A 788,597 281,509 507,089 921,240 284,850 636,390 993,872 314,579 679,292 9/30/2018 12 Trailing 12
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 345,627 120,914 224,713 375,717 141,624 234,093 387,170 122,487 264,683 403,631 130,707 272,924 9/30/2018 12 Trailing 12
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center N/A N/A N/A 850,896 173,802 677,095 929,903 198,094 731,809 832,235 196,282 635,953 10/31/2018 12 Trailing 12
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NAV NAV Not Available

A-4

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Debt Yield on Underwritten Net Operating Income (%) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NCF DSCR (x) (5) Debt Yield on Underwritten Net Cash Flow (%) Appraised Value ($) Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Occupancy (%) (6) Occupancy Date
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue 34,812,941 16,549,901 18,263,040 10.0% 222,521 1,950,188 16,090,332 1.84 8.8% 505,000,000 10/25/2018 36.0% 36.0% 85.5% 10/23/2018
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza 8,474,678 3,211,792 5,262,886 11.2% 60,755 353,309 4,848,822 1.90 10.3% 76,000,000 9/26/2018 61.8% 61.8% 96.6% 11/1/2018
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center 11,065,980 5,671,713 5,394,267 11.5% 121,153 605,767 4,667,346 1.54 9.9% 69,100,000 7/13/2018 68.0% 62.7% 98.2% 10/6/2018
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio 11,284,065 3,954,386 7,329,679 9.8% 74,241 175,176 7,080,263 1.85 9.5% 113,250,000 Various 65.8% 65.8% 98.4% Various
4.01 Property       Gavilon Headquarters 4,302,306 1,470,400 2,831,905   7,669 0 2,824,237     47,100,000 11/6/2018     100.0% 2/6/2019
4.02 Property       Northland Innovation Campus 2,119,386 588,701 1,530,685   2,603 39,336 1,488,746     20,500,000 11/1/2018     91.9% 8/6/2018
4.03 Property       Oerlikon Industrial Facility 1,663,716 279,685 1,384,031   1,588 0 1,382,443     22,400,000 11/7/2018     100.0% 2/6/2019
4.04 Property       Essence Group Headquarters 3,198,658 1,615,599 1,583,058   62,381 135,840 1,384,838     23,250,000 11/1/2019     100.0% 2/6/2019
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial 12,403,200 372,096 12,031,104 9.5% 403,113 800,822 10,827,169 1.72 8.6% 201,450,000 Various 62.6% 62.6% 100.0% 2/6/2019
5.01 Property       Staples - Hagerstown, MD N/A N/A N/A   N/A N/A N/A     54,700,000 8/29/2018     100.0% 2/6/2019
5.02 Property       Staples - Montgomery, NY N/A N/A N/A   N/A N/A N/A     40,000,000 8/31/2018     100.0% 2/6/2019
5.03 Property       Staples - Terre Haute, IN N/A N/A N/A   N/A N/A N/A     38,750,000 8/31/2018     100.0% 2/6/2019
5.04 Property       Staples - London, OH N/A N/A N/A   N/A N/A N/A     24,100,000 8/31/2018     100.0% 2/6/2019
5.05 Property       Staples - Beloit, WI N/A N/A N/A   N/A N/A N/A     18,700,000 9/4/2018     100.0% 2/6/2019
5.06 Property       Staples - Dayville, CT N/A N/A N/A   N/A N/A N/A     14,300,000 8/29/2018     100.0% 2/6/2019
5.07 Property       Staples - Arden Hills, MN N/A N/A N/A   N/A N/A N/A     5,600,000 9/4/2018     100.0% 2/6/2019
5.08 Property       Staples - Putnam, CT N/A N/A N/A   N/A N/A N/A     5,300,000 8/29/2018     100.0% 2/6/2019
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street 2,851,173 528,535 2,322,637 6.9% 9,295 0 2,313,342 1.30 6.8% 52,300,000 11/8/2018 64.8% 64.8% 100.0% 1/2/2019
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio 9,497,243 3,836,166 5,661,077 11.9% 146,239 500,557 5,014,281 1.66 10.5% 64,700,000 10/22/2018 73.8% 63.6% 84.7% Various
7.01 Property       Oak Brook Gateway 6,249,142 2,420,454 3,828,687   74,576 312,720 3,441,392     43,400,000 10/22/2018     88.1% 10/24/2018
7.02 Property       Cornerstone I at Cantera 3,248,101 1,415,712 1,832,389   71,663 187,837 1,572,889     21,300,000 10/22/2018     79.6% 9/30/2018
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 12,645,120 4,248,959 8,396,161 10.2% 34,688 450,941 7,910,531 2.19 9.6% 166,000,000 1/1/2019 49.4% 49.4% 100.0% 2/1/2019
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 4,090,980 1,217,146 2,873,835 9.3% 30,835 90,002 2,752,998 1.41 8.9% 41,600,000 10/8/2018 74.0% 62.3% 98.2% 10/1/2018
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail 13,968,591 4,609,164 9,359,427 8.0% 49,156 327,704 8,982,567 1.45 7.7% 170,000,000 10/1/2018 68.8% 68.8% 92.4% 8/1/2018
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 4,780,350 1,845,649 2,934,701 10.8% 28,065 0 2,906,635 2.13 10.7% 41,000,000 10/26/2018 66.5% 66.5% 100.0% 2/1/2019
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 8,892,881 3,897,832 4,995,049 12.5% 0 90,426 4,592,626 1.71 11.5% 59,420,000 11/13/2018 67.3% 60.1% 83.2% 11/30/2018
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 5,858,329 2,692,920 3,165,409 12.9% 50,158 284,200 2,831,051 2.44 11.6% 37,400,000 10/23/2018 65.5% 65.5% 92.1% 11/28/2018
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio 3,154,199 815,895 2,338,305 10.6% 16,202 133,077 2,189,026 1.42 9.9% 35,775,000 Various 61.8% 46.1% 96.9% Various
14.01 Property       Kitchin Place 645,453 154,516 490,937   2,591 24,572 463,774     7,750,000 11/20/2018     100.0% 12/31/2018
14.02 Property       26 All Souls Crescent 525,745 99,373 426,372   2,104 21,755 402,512     6,875,000 11/20/2018     100.0% 12/31/2018
14.03 Property       Melrose Place 508,388 151,791 356,597   4,450 28,677 323,469     4,150,000 11/12/2018     96.0% 12/31/2018
14.04 Property       Village at Pelican Point 361,054 81,622 279,433   1,799 15,536 262,097     4,050,000 11/21/2018     100.0% 12/31/2018
14.05 Property       Harbison Crossing 413,373 143,898 269,475   1,869 14,816 252,790     4,025,000 11/11/2018     82.8% 12/31/2018
14.06 Property       Jos. A Bank North Causeway  264,445 50,304 214,141   884 7,768 205,489     3,750,000 11/21/2018     100.0% 2/6/2019
14.07 Property       1 All Souls Crescent 207,208 66,893 140,315   804 9,882 129,630     2,325,000 11/20/2018     100.0% 10/31/2018
14.08 Property       Jos. A. Bank on I-55 Frontage Road 166,756 51,111 115,645   721 5,078 109,846     2,200,000 11/16/2018     100.0% 2/6/2019
14.09 Property       39 Dogwood Road 61,778 16,388 45,390   979 4,992 39,420     650,000 11/20/2018     100.0% 2/6/2019
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio 2,752,694 866,573 1,886,121 9.1% 39,514 0 1,846,607 1.31 8.9% 29,500,000 Various 70.3% 63.5% 92.0% Various
15.01 Property       AAA Storage City 943,200 300,558 642,642   11,804 0 630,839     11,200,000 10/22/2018     89.2% 9/30/2018
15.02 Property       CubeSmart PHX - E Washington St. 912,527 273,610 638,917   12,504 0 626,413     9,850,000 10/18/2018     92.4% 10/3/2018
15.03 Property       CubeSmart PHX - N 43rd 896,967 292,405 604,562   15,206 0 589,356     8,450,000 10/18/2018     93.8% 10/2/2018
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center 3,445,451 1,176,390 2,269,061 11.5% 24,699 112,269 2,212,093 2.37 11.2% 33,600,000 11/1/2018 58.9% 58.9% 95.2% 11/1/2018
17 Loan 67 GACC German American Capital Corporation Thunderbird Village 2,642,417 1,002,763 1,639,654 8.6% 52,416 0 1,587,238 1.29 8.4% 31,300,000 10/23/2018 60.7% 53.8% 92.9% 10/22/2018
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 1,826,691 314,894 1,511,797 8.1% 3,965 0 1,507,832 1.58 8.1% 28,900,000 10/22/2018 64.5% 64.5% 100.0% 2/6/2019
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio 2,071,526 490,481 1,581,044 8.9% 22,413 12,000 1,546,631 1.31 8.7% 25,100,000 10/5/2018 70.7% 63.0% 96.7% Various
19.01 Property       Vineland Self Storage 883,759 207,998 675,761   9,885 0 665,876     10,600,000 10/5/2018     98.6% 9/30/2018
19.02 Property       Buena Self Storage 715,799 157,247 558,551   7,090 12,000 539,461     8,800,000 10/5/2018     93.7% 9/29/2018
19.03 Property       South Vineland 471,968 125,236 346,732   5,438 0 341,294     5,700,000 10/5/2018     97.3% 9/29/2018
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 2,085,672 621,878 1,463,794 9.2% 28,342 70,855 1,364,597 1.25 8.6% 21,900,000 8/27/2018 72.8% 61.0% 92.4% 8/1/2018
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center 1,864,913 332,956 1,531,956 9.7% 14,588 87,351 1,430,017 1.41 9.1% 24,300,000 11/25/2018 65.0% 59.9% 100.0% 10/31/2018
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 185,479,647 30,620,668 154,858,979 11.0% 243,502 3,043,770 151,571,708 2.58 10.8% 3,450,000,000 4/16/2018 40.8% 40.8% 92.8% 2/14/2018
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 3,582,710 2,002,417 1,580,293 11.7% 143,308 0 1,436,985 1.56 10.7% 19,600,000 11/1/2018 68.8% 57.6% 63.5% 10/31/2018
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 2,656,774 1,101,953 1,554,821 12.1% 20,035 111,959 1,422,827 2.20 11.0% 20,400,000 11/6/2018 63.2% 63.2% 88.8% 12/28/2018
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 3,742,673 2,247,971 1,494,702 11.9% 149,707 0 1,344,995 1.62 10.7% 19,500,000 10/26/2018 64.4% 54.7% 80.5% 10/31/2018
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive 5,257,509 1,918,999 3,338,510 11.4% 41,128 227,661 3,069,721 1.61 10.4% 41,000,000 8/31/2018 71.6% 66.2% 100.0% 7/19/2018
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments 1,508,431 395,108 1,113,323 9.1% 21,800 0 1,091,523 1.67 8.9% 18,500,000 12/17/2018 66.2% 66.2% 95.4% 11/30/2018
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor 1,197,590 256,363 941,227 7.7% 6,750 0 929,944 1.48 7.7% 18,750,000 12/1/2018 64.8% 64.8% 100.0% 12/21/2018
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 4,144,247 2,820,615 1,323,632 11.0% 0 0 1,323,632 1.66 11.0% 18,000,000 11/1/2018 66.6% 55.3% 73.7% 10/31/2018
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio 1,174,389 35,232 1,139,157 9.7% 21,504 0 1,117,653 1.47 9.5% 17,170,000 Various 68.5% 63.2% 100.0% 2/6/2019
30.01 Property       Dollar General - Chattanooga N/A N/A N/A   N/A N/A N/A     1,930,000 10/18/2018     100.0% 2/6/2019
30.02 Property       Dollar General - Dixon N/A N/A N/A   N/A N/A N/A     1,260,000 10/20/2018     100.0% 2/6/2019
30.03 Property       Dollar General - Andalusia N/A N/A N/A   N/A N/A N/A     1,190,000 10/18/2018     100.0% 2/6/2019
30.04 Property       Dollar General - Warroad N/A N/A N/A   N/A N/A N/A     1,180,000 10/19/2018     100.0% 2/6/2019
30.05 Property       Dollar General - Baudette N/A N/A N/A   N/A N/A N/A     1,160,000 10/19/2018     100.0% 2/6/2019
30.06 Property       Dollar General - Woodhull N/A N/A N/A   N/A N/A N/A     1,140,000 10/18/2018     100.0% 2/6/2019
30.07 Property       Dollar General - Pillager N/A N/A N/A   N/A N/A N/A     1,120,000 10/19/2018     100.0% 2/6/2019
30.08 Property       Dollar General - Mapleton N/A N/A N/A   N/A N/A N/A     1,070,000 10/20/2018     100.0% 2/6/2019
30.09 Property       Dollar General - Patton N/A N/A N/A   N/A N/A N/A     1,050,000 10/19/2018     100.0% 2/6/2019
30.10 Property       Dollar General - Perry N/A N/A N/A   N/A N/A N/A     1,040,000 10/20/2018     100.0% 2/6/2019
30.11 Property       Dollar General - Keosauqua N/A N/A N/A   N/A N/A N/A     1,040,000 10/19/2018     100.0% 2/6/2019
30.12 Property       Dollar General - Browerville N/A N/A N/A   N/A N/A N/A     1,030,000 10/20/2018     100.0% 2/6/2019
30.13 Property       Dollar General - Sumner N/A N/A N/A   N/A N/A N/A     1,010,000 10/19/2018     100.0% 2/6/2019
30.14 Property       Dollar General - Hedrick N/A N/A N/A   N/A N/A N/A     1,000,000 10/19/2018     100.0% 2/6/2019
30.15 Property       Dollar General - Wappapello N/A N/A N/A   N/A N/A N/A     950,000 10/19/2018     100.0% 2/6/2019
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 1,653,398 356,939 1,296,459 11.4% 24,162 69,058 1,203,240 1.64 10.5% 16,750,000 7/23/2018 68.2% 56.2% 100.0% 8/28/2018
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street 871,598 120,720 750,878 6.6% 346 2,306 748,226 1.21 6.6% 14,800,000 8/15/2018 77.0% 77.0% 100.0% 2/1/2019
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 4,370,087 3,084,773 1,285,314 12.2% 0 0 1,285,314 1.86 12.2% 21,800,000 12/11/2018 48.2% 42.8% 69.9% 9/30/2018
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio 1,374,099 529,620 844,480 9.4% 17,721 0 826,758 1.37 9.2% 13,000,000 Various 69.2% 61.8% 80.4% 10/31/2018
34.01 Property       Stor-All Storage - Acworth, GA 539,159 223,819 315,340   6,594 0 308,746     5,750,000 10/11/2018     81.7% 10/31/2018
34.02 Property       Compass Self Storage - Warren, MI 834,940 305,800 529,140   11,127 0 518,013     7,250,000 10/12/2018     79.5% 10/31/2018
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans 1,460,906 642,420 818,487 9.4% 8,419 0 810,068 1.40 9.3% 12,600,000 10/16/2018 69.0% 61.5% 76.3% 10/29/2018
36 Loan 101 GACC German American Capital Corporation Vista Park Office 1,691,038 697,731 993,307 11.8% 23,058 80,289 889,960 1.58 10.6% 12,150,000 10/5/2018 69.1% 59.0% 94.6% 10/1/2018
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center 1,305,165 353,603 951,563 11.5% 18,536 58,659 874,368 1.67 10.6% 11,500,000 10/19/2018 71.7% 61.9% 89.5% 10/1/2018
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue 807,555 170,660 636,895 8.5% 3,600 30,456 602,839 1.55 8.0% 11,500,000 10/19/2018 65.2% 65.2% 100.0% 9/30/2018
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 1,108,065 252,540 855,524 11.9% 28,214 48,772 778,538 1.66 10.8% 11,200,000 10/4/2018 64.3% 59.4% 96.1% 10/22/2018
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 2,304,458 1,449,774 854,684 12.7% 92,178 0 762,506 1.70 11.3% 10,400,000 11/28/2018 64.9% 53.8% 65.1% 11/30/2018
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 2,971,044 1,971,441 999,603 16.3% 118,842 0 880,761 2.18 14.3% 10,400,000 10/15/2019 59.1% 48.9% 77.3% 9/30/2018
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center 1,119,869 512,187 607,682 11.9% 13,584 90,806 503,292 1.50 9.9% 8,300,000 10/1/2019 61.3% 50.8% 90.9% 1/1/2019
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis 838,112 93,034 745,078 15.0% 90,751 45,270 609,057 1.58 12.2% 8,000,000 8/1/2018 62.2% 56.5% 100.0% 2/6/2019
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 1,846,712 1,287,844 558,869 11.9% 0 0 558,869 1.83 11.9% 7,250,000 11/1/2018 64.6% 53.4% 65.2% 10/31/2018
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage 629,801 211,057 418,744 9.3% 7,305 0 411,439 1.37 9.1% 6,250,000 12/4/2018 72.4% 64.5% 86.9% 11/27/2018
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center 1,128,794 360,928 767,867 18.1% 34,643 65,102 668,122 3.45 15.7% 9,110,000 12/3/2018 46.7% 46.7% 98.5% 12/12/2018
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 403,631 129,609 274,022 8.7% 5,821 0 268,201 1.27 8.5% 4,650,000 10/12/2018 67.7% 59.1% 95.7% 10/31/2018
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center 891,235 194,250 696,985 23.2% 8,896 51,077 637,012 4.72 21.2% 11,500,000 10/12/2018 26.1% 26.1% 92.4% 11/30/2018
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin 317,129 75,690 241,438 8.9% 1,124 3,162 237,152 1.32 8.7% 3,925,000 11/14/2018 69.4% 57.4% 100.0% 2/1/2019
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi 174,901 27,965 146,937 8.8% 1,133 2,331 143,473 1.28 8.6% 2,350,000 10/19/2018 70.9% 59.1% 100.0% 2/1/2019

A-5

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name ADR ($) RevPAR ($) Largest Tenant Largest Tenant Sq Ft Largest Tenant Lease Expiration (7) Second Largest Tenant Second Largest Tenant Sq Ft Second Largest Tenant Lease Expiration (7) Third Largest Tenant Third Largest Tenant Sq Ft Third Largest Tenant Lease Expiration (7) Fourth Largest Tenant Fourth Largest Tenant Sq Ft Fourth Largest Tenant Lease Expiration (7) Fifth Largest Tenant Fifth Largest Tenant Sq Ft Fifth Largest Tenant Lease Expiration (7)
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue NAP NAP Houghton Mifflin Harcourt 101,821 12/31/2027 TransPerfect Translations 91,220 9/30/2019 P. Kaufmann Contract 57,000 12/31/2022 Return Path, Inc. 46,002 7/31/2025 Pira Energy Group 27,577 2/29/2020
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza NAP NAP Octapharma 63,761 12/31/2034 Sony Electronics 55,866 5/31/2029 Merrill Lynch 48,548 11/30/2024 Nationwide 13,449 6/30/2023 Nuvolo Technologies 11,696 2/28/2023
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center NAP NAP TCF National Bank 437,186 12/31/2025 Comm-Works 65,356 2/28/2027 Meritain Health (Aetna) 64,095 10/31/2023 LLSC Holdings Corp 20,208 1/31/2023 NAP    
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio NAP NAP                              
4.01 Property       Gavilon Headquarters NAP NAP The Gavilon Group, LLC 127,810 11/30/2033 NAP     NAP     NAP     NAP    
4.02 Property       Northland Innovation Campus NAP NAP North Kansas City School District 60,000 4/30/2036 Northwest Missouri State University 18,529 4/30/2026 Edward D. Jones & Co, LP 1,200 9/30/2027 NAP     NAP    
4.03 Property       Oerlikon Industrial Facility NAP NAP Oerlikon Metco, Inc. 79,401 5/31/2038 NAP     NAP     NAP     NAP    
4.04 Property       Essence Group Headquarters NAP NAP Essence Group Holdings Corp. 141,774 7/31/2029 NAP     NAP     NAP     NAP    
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial NAP NAP                              
5.01 Property       Staples - Hagerstown, MD NAP NAP US Retail Inc 1,022,145 9/30/2038 NAP     NAP     NAP     NAP    
5.02 Property       Staples - Montgomery, NY NAP NAP Staples Inc. 766,484 9/30/2038 NAP     NAP     NAP     NAP    
5.03 Property       Staples - Terre Haute, IN NAP NAP US Retail Inc 809,560 9/30/2038 NAP     NAP     NAP     NAP    
5.04 Property       Staples - London, OH NAP NAP Staples Inc. 496,818 9/30/2038 NAP     NAP     NAP     NAP    
5.05 Property       Staples - Beloit, WI NAP NAP Staples Inc. 399,652 9/30/2038 NAP     NAP     NAP     NAP    
5.06 Property       Staples - Dayville, CT NAP NAP US Retail Inc 310,157 9/30/2038 NAP     NAP     NAP     NAP    
5.07 Property       Staples - Arden Hills, MN NAP NAP Staples Inc. 113,096 9/30/2038 NAP     NAP     NAP     NAP    
5.08 Property       Staples - Putnam, CT NAP NAP Staples Inc. 113,215 9/30/2038 NAP     NAP     NAP     NAP    
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street NAP NAP NAP     NAP     NAP     NAP     NAP    
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio NAP NAP                              
7.01 Property       Oak Brook Gateway NAP NAP Lewis University 32,634 12/31/2023 U.S. Census Bureau 29,171 11/15/2023 Thomson Reuters (Markets) LLC 22,699 12/31/2019 Oxford Bank & Trust 16,974 4/30/2025 Aerotek, Inc. 14,596 5/31/2023
7.02 Property       Cornerstone I at Cantera NAP NAP Sargent & Lundy, LLC 29,239 6/30/2027 AECOM 26,749 10/31/2020 RGN National Business Centers 15,290 1/31/2020 Dugan & Lopatka 10,895 8/31/2026 Docusign, Inc. 9,352 7/31/2021
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place NAP NAP Dana Farber 173,439 12/31/2030 NAP     NAP     NAP     NAP    
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings NAP NAP Kohl’s (Ground Lease) 88,904 1/31/2027 Sprouts Farmers Market 30,033 2/28/2021 Home Goods 23,948 7/31/2021 Today’s Patio 18,363 2/29/2024 Summit Hut 11,128 6/30/2023
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail NAP NAP VONS Companies 51,839 10/31/2027 Stone Brewing Co. 22,514 8/31/2027 Liberty Public Market 21,929 1/31/2026 828 Events 14,896 5/31/2029 Trader Joes 14,843 3/31/2022
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building NAP NAP Power Systems MFG, LLC 187,103 6/30/2029 NAP     NAP     NAP     NAP    
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 155.77 129.61 NAP     NAP     NAP     NAP     NAP    
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office NAP NAP Hospice Care Network (Northwell) 22,669 7/31/2025 AdvantageCare Physicians 13,582 1/31/2021 Meridian Imaging Group 11,013 4/30/2024 ExamWorks 11,000 9/30/2019 Barbara Thayer 10,555 10/31/2027
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio NAP NAP                              
14.01 Property       Kitchin Place NAP NAP Jos. A. Bank 5,679 12/31/2030 Biltmore Property Group Real Estate Trust, LLC 5,380 12/31/2030 lululemon Athletica 2,523 1/31/2023 White House Black Market 2,346 5/31/2020 The Bell Company, Inc. 1,346 12/31/2030
14.02 Property       26 All Souls Crescent NAP NAP Ruth’s Chris 9,150 1/31/2032 The Columbus Group, Inc. 3,750 1/31/2023 Capital at Play, Inc. 820 10/31/2021 Nathan Scott Pritchard 308 MTM NAP    
14.03 Property       Melrose Place NAP NAP Talbots 9,476 1/31/2022 M.S. McClellan & Co. 8,029 7/31/2020 Sherwin-Williams 4,916 7/31/2019 Castleton Ventures, LLC - Castleton Production, LLC 2,613 9/30/2019 The Columbus Group, Inc. 1,345 5/31/2021
14.04 Property       Village at Pelican Point NAP NAP Jos. A. Bank 4,080 12/31/2030 Ochsner Urgent Care L.L.C. 3,100 3/31/2024 Lilly Pulitzer 2,440 1/31/2024 Christ Driven, LLC 2,372 10/31/2028 NAP    
14.05 Property       Harbison Crossing NAP NAP Jos. A. Bank 4,316 12/31/2030 Eyemart Express Ltd 3,418 6/30/2020 The Columbus Group, Inc. 1,350 7/31/2022 Mr. PC, LLC 1,227 3/31/2023 NAP    
14.06 Property       Jos. A Bank North Causeway  NAP NAP Jos. A. Bank 5,895 12/31/2030 NAP     NAP     NAP     NAP    
14.07 Property       1 All Souls Crescent NAP NAP Brooks Brothers 3,181 7/31/2021 Lilly Pulitzer 2,179 1/31/2021 NAP     NAP     NAP    
14.08 Property       Jos. A. Bank on I-55 Frontage Road NAP NAP Jos. A. Bank 4,808 12/31/2030 NAP     NAP     NAP     NAP    
14.09 Property       39 Dogwood Road NAP NAP Hayes and Lunsford Electrical Contractors 6,525 6/30/2020 NAP     NAP     NAP     NAP    
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio NAP NAP                              
15.01 Property       AAA Storage City NAP NAP NAP     NAP     NAP     NAP     NAP    
15.02 Property       CubeSmart PHX - E Washington St. NAP NAP NAP     NAP     NAP     NAP     NAP    
15.03 Property       CubeSmart PHX - N 43rd NAP NAP NAP     NAP     NAP     NAP     NAP    
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center NAP NAP SmartDraw Software, LLC 14,567 4/30/2024 Morris & Sullivan, & Lemkul 9,987 6/30/2022 The Regents of the U of CA 8,715 6/14/2019 KB Home Coastal Inc 7,357 10/19/2024 San Diego PCB, Inc., a CA Corp 6,232 10/31/2020
17 Loan 67 GACC German American Capital Corporation Thunderbird Village NAP NAP NAP     NAP     NAP     NAP     NAP    
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago NAP NAP Walgreens 26,432 10/31/2028 NAP     NAP     NAP     NAP    
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio NAP NAP                              
19.01 Property       Vineland Self Storage NAP NAP NAP     NAP     NAP     NAP     NAP    
19.02 Property       Buena Self Storage NAP NAP NAP     NAP     NAP     NAP     NAP    
19.03 Property       South Vineland NAP NAP NAP     NAP     NAP     NAP     NAP    
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square NAP NAP TJ Maxx 30,775 1/31/2027 Fresh Thyme Farmers Market 27,538 1/31/2026 Tuesday Morning 12,266 9/30/2028 Waterfront Seafood Market, Inc. 8,430 10/31/2025 Brazil Terra Grill 6,396 12/31/2028
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center NAP NAP TJ Maxx 40,500 8/31/2026 Michaels 17,107 3/31/2025 Ulta Beauty 10,000 8/31/2026 Five Below 8,496 1/31/2029 Versona 6,000 1/31/2027
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall NAP NAP J. C. Penney Co. 193,759 4/30/2023 AMC Theatres 78,738 8/31/2023 Zara 34,454 10/31/2029 XXI Forever 32,504 MTM H & M 28,830 1/31/2027
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 129.76 82.41 NAP     NAP     NAP     NAP     NAP    
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue NAP NAP FirstService Residential 16,131 7/31/2022 Rite Aid 9,516 2/28/2026 Aurotech, Inc. 8,626 11/30/2027 Ad Adstra, Inc. 7,543 12/31/2023 Baltimore Work, Inc. 5,500 10/31/2025
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 117.83 94.81 NAP     NAP     NAP     NAP     NAP    
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive NAP NAP HSBC Technology & Services 163,863 3/31/2027 Northrop Grumman Systems Corporation 41,776 5/13/2023 NAP     NAP     NAP    
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments NAP NAP NAP     NAP     NAP     NAP     NAP    
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor NAP NAP NAP     NAP     NAP     NAP     NAP    
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 121.17 89.29 NAP     NAP     NAP     NAP     NAP    
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio NAP NAP                              
30.01 Property       Dollar General - Chattanooga NAP NAP Dollar General 12,406 9/30/2028 NAP     NAP     NAP     NAP    
30.02 Property       Dollar General - Dixon NAP NAP Dollar General 10,640 11/30/2030 NAP     NAP     NAP     NAP    
30.03 Property       Dollar General - Andalusia NAP NAP Dollar General 9,100 10/31/2030 NAP     NAP     NAP     NAP    
30.04 Property       Dollar General - Warroad NAP NAP Dollar General 9,100 11/30/2030 NAP     NAP     NAP     NAP    
30.05 Property       Dollar General - Baudette NAP NAP Dollar General 9,026 11/30/2030 NAP     NAP     NAP     NAP    
30.06 Property       Dollar General - Woodhull NAP NAP Dollar General 9,002 10/31/2030 NAP     NAP     NAP     NAP    
30.07 Property       Dollar General - Pillager NAP NAP Dollar General 9,026 10/31/2030 NAP     NAP     NAP     NAP    
30.08 Property       Dollar General - Mapleton NAP NAP Dollar General 9,100 8/31/2030 NAP     NAP     NAP     NAP    
30.09 Property       Dollar General - Patton NAP NAP Dollar General 9,026 10/31/2030 NAP     NAP     NAP     NAP    
30.10 Property       Dollar General - Perry NAP NAP Dollar General 9,026 11/30/2030 NAP     NAP     NAP     NAP    
30.11 Property       Dollar General - Keosauqua NAP NAP Dollar General 9,026 11/30/2030 NAP     NAP     NAP     NAP    
30.12 Property       Dollar General - Browerville NAP NAP Dollar General 9,002 9/30/2030 NAP     NAP     NAP     NAP    
30.13 Property       Dollar General - Sumner NAP NAP Dollar General 9,026 11/30/2030 NAP     NAP     NAP     NAP    
30.14 Property       Dollar General - Hedrick NAP NAP Dollar General 9,100 7/31/2030 NAP     NAP     NAP     NAP    
30.15 Property       Dollar General - Wappapello NAP NAP Dollar General 9,100 7/31/2030 NAP     NAP     NAP     NAP    
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial NAP NAP Revenue Cycle Service Center, LLC 60,405 10/31/2024 Centene Corporation 60,405 2/28/2023 NAP     NAP     NAP    
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street NAP NAP Birkenstock 2,306 11/30/2027 NAP     NAP     NAP     NAP    
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 151.06 105.52 NAP     NAP     NAP     NAP     NAP    
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio NAP NAP                              
34.01 Property       Stor-All Storage - Acworth, GA NAP NAP NAP     NAP     NAP     NAP     NAP    
34.02 Property       Compass Self Storage - Warren, MI NAP NAP NAP     NAP     NAP     NAP     NAP    
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans NAP NAP NAP     NAP     NAP     NAP     NAP    
36 Loan 101 GACC German American Capital Corporation Vista Park Office NAP NAP YRC Freight 20,574 4/30/2021 US Postal Service 20,533 10/31/2019 United States of America 16,838 9/30/2023 LifeScape 15,644 5/31/2027 Sanford Health 13,670 2/28/2024
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center NAP NAP   Dollar Tree 22,025 6/30/2021   Planet Fitness 20,964 2/29/2024   POIC 16,398 8/31/2027 Rice Kitchen/TinTin Buffet 6,000 8/31/2022   Pub 181 4,399 6/30/2020
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue NAP NAP All Year Management 5,500 6/30/2033 Chai Health Care 5,000 6/30/2037 Preventive Diagnostics 5,000 2/28/2033 Apt Developers 2,500 6/30/2033 NAP    
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center NAP NAP Gold’s Gym 48,171 4/30/2027 CEC Entertainment, Inc 13,711 1/31/2024 AT&T Mobility 4,547 6/30/2023 Gourmet Prep Lifestyle Kitchen 1,360 2/29/2024 NAP    
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 120.80 78.68 NAP     NAP     NAP     NAP     NAP    
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 103.70 80.13 NAP     NAP     NAP     NAP     NAP    
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center NAP NAP Cooper Standard 17,718 11/30/2028 Raymond James 13,184 4/30/2021 Trine University 12,500 10/31/2023 Crowe Horwath LLP 8,300 10/31/2022 USI Insurance Services 4,921 6/30/2022
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis NAP NAP GRM 394,570 10/1/2028 NAP     NAP     NAP     NAP    
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 109.21 71.22 NAP     NAP     NAP     NAP     NAP    
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage NAP NAP NAP     NAP     NAP     NAP     NAP    
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center NAP NAP VendTek Wholesale 8,685 8/31/2023 Zeiss Metrology 8,493 10/31/2019 Hamaton Inc. 8,493 10/31/2021 R.S. Hughes 7,743 5/31/2023 Window Pro Holdings, Inc. 5,884 6/30/2021
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage NAP NAP NAP     NAP     NAP     NAP     NAP    
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center NAP NAP Smart & Final 24,059 10/31/2028 Pegs Glorified Ham & Eggs 4,480 11/30/2028 Del Taco 2,500 8/31/2028 iSweat Fitness, LLC 2,240 10/31/2021 H&R Block 1,120 4/30/2021
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin NAP NAP Fresenius Medical Care 7,496 11/30/2033 NAP     NAP     NAP     NAP    
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi NAP NAP Washington Dialysis Clinic 7,556 1/31/2033 NAP     NAP     NAP     NAP    

A-6

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Environmental Phase I Report Date Environmental Phase II Y/N Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Earthquake Insurance Required Y/N Upfront RE Tax Reserve ($) Ongoing RE Tax Reserve ($) Upfront Insurance Reserve ($) Ongoing Insurance Reserve ($) Upfront Replacement Reserve ($) Ongoing Replacement Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Ongoing TI/LC Reserve ($) TI/LC Caps ($)
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue 10/18/2018 No NAP 10/17/2018 NAP NAP No 3,668,201 641,935 0 0 0 18,543 1,112,604 0 100,000 3,000,000
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza 11/21/2018 No NAP 12/5/2018 NAP NAP No 126,226 63,113 14,117 7,059 0 5,063 0 1,500,000 0 1,500,000
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center 8/13/2018 No NAP 8/13/2018 NAP NAP No 640,792 160,198 0 0 0 10,096 0 126,406 12,620 1,000,000
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio             No 0 0 63,812 12,762 0 6,188 0 0 0 0
4.01 Property       Gavilon Headquarters 7/16/2018 No NAP 7/13/2018 NAP NAP No                    
4.02 Property       Northland Innovation Campus 11/5/2018 No NAP 11/5/2018 NAP NAP No                    
4.03 Property       Oerlikon Industrial Facility 7/20/2018 No NAP 7/9/2018 NAP NAP No                    
4.04 Property       Essence Group Headquarters 8/28/2018 No NAP 8/28/2018 NAP NAP No                    
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial             No 0 0 0 0 0 0 0 0 0 0
5.01 Property       Staples - Hagerstown, MD 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
5.02 Property       Staples - Montgomery, NY 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
5.03 Property       Staples - Terre Haute, IN 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
5.04 Property       Staples - London, OH 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
5.05 Property       Staples - Beloit, WI 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
5.06 Property       Staples - Dayville, CT 9/19/2018 No NAP 9/19/2018 NAP NAP No                    
5.07 Property       Staples - Arden Hills, MN 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
5.08 Property       Staples - Putnam, CT 9/20/2018 No NAP 9/20/2018 NAP NAP No                    
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street 11/16/2018 No NAP 11/16/2018 NAP NAP No 13,023 6,512 10,055 2,514 0 775 0 0 0 0
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio             No 225,883 56,471 0 0 0 12,187 0 150,000 70,680 1,700,000
7.01 Property       Oak Brook Gateway 6/12/2018 No NAP 11/19/2018 NAP NAP No                    
7.02 Property       Cornerstone I at Cantera 8/16/2018 No NAP 8/17/2018 NAP NAP No                    
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 10/19/2018 No NAP 10/18/2018 NAP NAP No 0 0 0 0 0 0 0 0 0 0
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 9/14/2018 No NAP 10/5/2018 NAP NAP No 280,095 56,019 11,190 5,595 0 2,570 0 550,000 0 550,000
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail Various No NAP 10/12/2018 7/13/2018 19% No 515,493 103,098 0 0 4,074 4,074 0 27,159 27,309 1,638,520
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 9/25/2018 No NAP 9/24/2018 NAP NAP No 69,514 23,171 0 0 2,339 2,339 0 0 0 0
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 11/13/2018 No NAP 11/7/2018 NAP NAP No 11,826 2,365 0 0 0 Greatest of (i) with respect to the first monthly payment date through and including the monthly payment date in January, 2021, 3% and (y) with respect to each monthly payment date from February, 2021 and for each monthly payment date thereafter, 4% of the projected Rents for the Hotel Property for the prior month as set forth in the most recent Approved Annual Budget (ii) the then-current amount required by the Management Agreement and (iii) the then-current amount required by the Franchise Agreement for Approved Capital Expenditures relating to the Hotel Property and the repair and replacement of the FF&E 0 0 0 0
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 9/24/2018 No NAP 9/27/2018 NAP NAP No 120,570 120,570 0 0 0 4,180 0 0 16,076 0
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio             No 61,604 20,535 35,342 11,781 0 1,350 48,605 0 9,001 324,030
14.01 Property       Kitchin Place 11/29/2018 No NAP 11/29/2018 NAP NAP No                    
14.02 Property       26 All Souls Crescent 11/29/2018 No NAP 11/29/2018 NAP NAP No                    
14.03 Property       Melrose Place 11/27/2018 No NAP 11/29/2018 NAP NAP No                    
14.04 Property       Village at Pelican Point 11/29/2018 No NAP 11/29/2018 NAP NAP No                    
14.05 Property       Harbison Crossing 11/27/2018 No NAP 11/29/2018 NAP NAP No                    
14.06 Property       Jos. A Bank North Causeway  11/29/2018 No NAP 11/29/2018 NAP NAP No                    
14.07 Property       1 All Souls Crescent 11/29/2018 No NAP 11/29/2018 NAP NAP No                    
14.08 Property       Jos. A. Bank on I-55 Frontage Road 11/29/2018 No NAP 11/29/2018 NAP NAP No                    
14.09 Property       39 Dogwood Road 11/29/2018 No NAP 11/29/2018 NAP NAP No                    
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio             No 72,902 14,580 20,537 2,934 279,252 3,293 0 0 0 0
15.01 Property       AAA Storage City 10/4/2018 No NAP 10/2/2018 NAP NAP No                    
15.02 Property       CubeSmart PHX - E Washington St. 10/25/2018 No NAP 10/25/2018 NAP NAP No                    
15.03 Property       CubeSmart PHX - N 43rd 10/25/2018 No NAP 10/25/2018 NAP NAP No                    
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center 11/8/2018 No NAP 11/12/2018 11/8/2018 5% No 178,446 29,741 0 0 2,074 2,074 49,783 800,000 0 561,345
17 Loan 67 GACC German American Capital Corporation Thunderbird Village 11/1/2018 No NAP 10/31/2018 10/24/2018 4% No 32,146 16,073 1,364 0 0 4,368 0 0 0 0
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 11/15/2018 No NAP 11/9/2018 NAP NAP No 0 0 0 0 0 0 0 0 0 0
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio             No 30,382 10,127 1,520 760 120,811 22,143 797,148 0 1,000 0
19.01 Property       Vineland Self Storage 11/2/2018 No NAP 11/7/2018 NAP NAP No                    
19.02 Property       Buena Self Storage 11/2/2018 No NAP 11/2/2018 NAP NAP No                    
19.03 Property       South Vineland 11/2/2018 No NAP 11/7/2018 NAP NAP No                    
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 9/19/2018 No NAP 9/13/2018 NAP NAP No 39,876 19,938 0 0 0 2,362 0 552,001 0 300,000
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center 12/5/2018 No NAP 12/3/2018 NAP NAP No 36,033 12,011 0 0 0 1,216 30,000 0 7,279 550,000
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 4/27/2018 No NAP 4/27/2018 NAP NAP No 0 0 0 0 0 0 487,003 0 0 6,087,540
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 11/7/2018 No NAP 11/6/2018 NAP NAP No 0 23,215 0 0 0 The greatest of (i) 2.0% of prior month’s projected Rents for the Property until 1/6/2021, 3.0% of prior month’s projected Rents for the property beginning 1/6/2021 until 1/6/2022, 4.0% of prior month’s projected Rents for the Property thereafter, (ii) the amount required under the Management Agreement and (iii) the amount required under the Franchise Agreement for FF&E 0 0 0 0
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 8/31/2018 No NAP 11/5/2018 NAP NAP No 68,425 11,404 4,097 2,049 80,000 1,670 0 180,000 10,435 500,000
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 11/15/2018 No NAP 11/15/2018 NAP NAP No 179,496 16,318 14,188 7,094 0 6,238 0 0 0 0
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive 8/9/2018 No NAP 8/10/2018 NAP NAP No 359,868 119,956 7,366 3,683 3,427 3,427 82,000 0 0 0
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments 12/28/2018 No NAP 12/28/2018 NAP NAP No 0 25,219 0 0 2,271 2,271 0 0 0 0
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor 11/5/2018 No NAP 11/8/2018 11/8/2018 8% No 6,536 1,307 17,923 1,991 0 563 13,500 0 378 9,066
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 11/5/2018 No NAP 11/2/2018 NAP NAP No 12,241 12,241 0 0 13,820 4% of gross income from operations for the calendar month two months prior 0 0 0 0
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio             No 0 0 0 0 0 0 0 0 0 0
30.01 Property       Dollar General - Chattanooga 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.02 Property       Dollar General - Dixon 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.03 Property       Dollar General - Andalusia 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.04 Property       Dollar General - Warroad 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.05 Property       Dollar General - Baudette 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.06 Property       Dollar General - Woodhull 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.07 Property       Dollar General - Pillager 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.08 Property       Dollar General - Mapleton 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.09 Property       Dollar General - Patton 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.10 Property       Dollar General - Perry 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.11 Property       Dollar General - Keosauqua 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.12 Property       Dollar General - Browerville 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.13 Property       Dollar General - Sumner 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.14 Property       Dollar General - Hedrick 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
30.15 Property       Dollar General - Wappapello 10/26/2018 No NAP 10/26/2018 NAP NAP No                    
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 6/5/2018 No NAP 6/5/2018 NAP NAP No 104,142 15,258 0 0 0 2,014 48,324 767,123 12,584 453,038
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street 9/17/2018 No NAP 9/6/2018 NAP NAP No 0 8,181 0 0 29 29 0 192 192 0
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 8/10/2018 No NAP 8/13/2018 8/13/2018 15% No 25,536 12,741 4,524 4,002 3,642 (i) 1% of Gross Income for the calendar month two months prior to the payment date up to and including 1/1/2020 (ii) 2% of Gross Income for the calendar month two months prior to the payment date occurring on 2/1/2020 until 1/1/2021 (iii) 3% of Gross Income for the calendar month two months prior to the payment date during occurring on 2/1/2021 until 1/1/2022 (iv) 4% of Gross Income for the calendar month two months prior to the payment date occurring on 2/1/2022 and thereafter. 0 0 0 0
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio             No 12,716 12,716 0 0 0 1,477 0 0 0 0
34.01 Property       Stor-All Storage - Acworth, GA 10/9/2018 No NAP 10/9/2018 NAP NAP No                    
34.02 Property       Compass Self Storage - Warren, MI 9/5/2018 No NAP 9/5/2018 NAP NAP No                    
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans 10/24/2018 No NAP 10/23/2018 NAP NAP No 128,256 25,651 0 0 0 702 0 0 0 0
36 Loan 101 GACC German American Capital Corporation Vista Park Office 10/15/2018 No NAP 10/16/2018 NAP NAP No 24,860 8,287 0 0 0 1,921 0 350,000 9,607 750,000
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center 11/13/2018 No NAP 10/23/2018 10/23/2018 14% No 12,633 7,703 0 0 0 1,545 0 0 4,886 210,000
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue 5/22/2018 No NAP 11/5/2018 NAP NAP No 2,845 2,845 9,102 910 0 294 0 0 2,270 0
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 10/16/2018 No NAP 10/16/2018 NAP NAP No 0 10,468 0 0 0 2,351 0 213,600 4,064 0
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 12/12/2018 No NAP 12/7/2018 NAP NAP No 43,302 6,186 9,163 3,054 0 0 0 0 0 0
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 10/26/2018 No NAP 10/29/2018 NAP NAP No 24,530 8,177 19,950 2,494 0 9,904 0 0 0 0
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center 10/5/2018 No NAP 10/3/2018 NAP NAP No 21,642 10,821 7,652 850 100,000 1,132 0 100,000 5,660 350,000
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis 7/31/2018 No NAP 7/31/2018 NAP NAP No 3,805 3,805 0 0 0 7,563 0 0 0 0
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 11/5/2018 No NAP 11/5/2018 NAP NAP No 7,375 7,375 0 0 6,160 4% of gross income from operations for the calendar month two months prior 0 0 0 0
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage 11/30/2018 No NAP 11/30/2018 NAP NAP No 7,233 3,617 750 627 0 609 0 0 0 0
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center 12/11/2018 No NAP 12/10/2018 NAP NAP No 112,153 14,019 4,428 1,476 0 2,887 0 0 5,132 0
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 11/1/2018 No NAP 10/29/2018 NAP NAP No 12,399 3,100 1,352 676 0 606 25,000 0 0 0
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center 10/18/2018 No NAP 10/18/2018 NAP NAP No 8,432 4,216 2,482 1,241 100,390 0 0 0 0 0
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin 11/27/2018 No NAP 11/27/2018 NAP NAP No 0 0 0 0 0 94 3,373 0 0 0
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi 11/7/2018 No NAP 11/9/2018 NAP NAP No 0 0 0 0 0 94 3,400 0 0 0

A-7

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Upfront Debt Service Reserve ($) Ongoing Debt Service Reserve ($) Upfront Deferred Maintenance Reserve ($) Ongoing Deferred Maintenance Reserve ($) Upfront Environmental Reserve ($) Ongoing Environmental Reserve ($) Upfront Other Reserve ($) Ongoing Other Reserve ($) Other Reserve Description Borrower Name Delaware Statutory Trust? Y/N Carve-out Guarantor Loan Purpose Loan Amount (sources) ($) Principal’s New Cash Contribution ($) (8) Subordinate Debt ($) Other Sources ($) Total Sources ($)
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue 0 0 0 0 0 0 0 0 Unfunded Obligations Guarantee Three Park Building LLC No Charles Steven Cohen Refinance 182,000,000 0 0 0 182,000,000
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza 0 0 7,130 0 0 0 8,517,886 0 Unfunded Obligations Reserve ($5,514,958); Rent Concession Reserve ($3,002,928) CCP Owner LLC No Joel Gluck and Nathan Indig Acquisition 47,000,000 17,915,059 12,200,000 9,140,080 86,255,139
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center 0 0 0 0 0 0 0 0   TFO REVA Wildamere PCC Property, LLC No Dennis J. Doyle and Gerald T. Jokerst, Jr. Refinance 47,000,000 0 0 0 47,000,000
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio 0 0 15,070 0 0 0 3,739,815 0 Essence Tenant Allowances Funds KCP Fee Owner 1, LLC, KCP Fee Owner 2, LLC, KCP Fee Owner 3, LLC, KCP Fee Owner 4, LLC No Kawa Capital Partners LLC Recapitalization/Acquisition 74,500,000 4,982,781 0 3,837,930 83,320,711
4.01 Property       Gavilon Headquarters                                    
4.02 Property       Northland Innovation Campus                                    
4.03 Property       Oerlikon Industrial Facility                                    
4.04 Property       Essence Group Headquarters                                    
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial 0 0 0 0 0 0 0 0 Quarterly Rent Reserve LCN STP Hagerstown (Multi) LLC No LCN North American Fund II REIT Acquisition 126,100,000 67,286,309 0 0 193,386,309
5.01 Property       Staples - Hagerstown, MD                                    
5.02 Property       Staples - Montgomery, NY                                    
5.03 Property       Staples - Terre Haute, IN                                    
5.04 Property       Staples - London, OH                                    
5.05 Property       Staples - Beloit, WI                                    
5.06 Property       Staples - Dayville, CT                                    
5.07 Property       Staples - Arden Hills, MN                                    
5.08 Property       Staples - Putnam, CT                                    
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street 0 0 0 0 0 0 0 3,000 REA Reserve (Monthly 1/12 of the annual REA Fee); Common Charges Reserve (Monthly 1/12 of annual Common Charges) CB Tarter Property LLC No Charles Blaichman, Scott Shnay, Abram Shnay and Ironstate Holdings LLC Refinance 33,900,000 482,050 2,400,000 0 36,782,050
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio 0 0 155,431 0 0 0 2,908,094 0 Unfunded Obligations Reserve ($2,321,973.61); Gap Rent Reserve ($586,120.83) Oak Brook Gateway, LLC and Cornerstone Cantera, LLC No Dmitry Gordeev and Fairbridge Partners, LLC Acquisition 47,750,000 16,195,652 0 3,802,088 67,747,740
7.01 Property       Oak Brook Gateway                                    
7.02 Property       Cornerstone I at Cantera                                    
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 0 0 0 0 0 0 1,073,194 0 Free Rent Reserve 10 BP Realty, LLC No NAP Acquisition 82,000,000 82,455,968 0 0 164,455,968
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 0 0 32,938 0 0 0 0 0   Oracle Crossings LLC No Town West Realty, Inc. and Town West Realty II, Inc. Acquisition 30,795,000 10,991,621 0 659,018 42,445,638
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail 0 0 0 0 0 0 1,202,027 0 Outstanding TI/LC ($970,683); Free Rent Reserve ($231,344) Seligman Liberty Station, LLC, Seligman Liberty Station II LLC, Seligman Liberty Station III LLC, Seligman Liberty Station IV LLC, Seligman Liberty Station V LLC No Seligman & Associates, Inc. Acquisition 117,000,000 53,514,050 0 0 170,514,050
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 0 0 49,500 0 193,750 0 0 0   Jupiter Industrial, LLC, 4188 Jupiter Industrial, LLC, GRC Jupiter Industrial, LLC and BPA Jupiter Industrial, LLC No HGGP Capital VIII, LLC, HGGP Capital IX, LLC, HGGP Capital X, LLC, HGGP Capital XI, LLC, HGGP Capital XII, LLC and HGGP Capital XIII, LLC Acquisition 27,250,000 14,699,879 0 0 41,949,879
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 0 0 0 0 0 0 0 389 Retail Replacement Reserve Tucson 5C Hotel, LLC No David R. Dabdoub, Matthew Scott Stiteler and Paul Wilbur Chellgren Refinance 40,000,000 0 0 0 40,000,000
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 0 0 0 0 0 0 212,880 0 Unfunded Obligations Reserve Froehlich Associates LLC No Jeffrey J. Feil Acquisition 24,500,000 12,935,537 0 1,036,434 38,471,971
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio 0 0 5,506 0 44,850 0 0 0   1 All Souls Crescent LLC, 201 Harbison Blvd., LLC, 26 All Souls Crescent, LLC, 39 Dogwood Road LLC, Causeway Boulevard IV, LLC, Highway 190 Investments, LLC, Interstate Property Group, LLC, Kitchin Place LLC and 5614 Kingston Pike LLC No John W. Bell III and John A. Batt, Jr. Refinance 22,100,000 0 0 0 22,100,000
14.01 Property       Kitchin Place                                    
14.02 Property       26 All Souls Crescent                                    
14.03 Property       Melrose Place                                    
14.04 Property       Village at Pelican Point                                    
14.05 Property       Harbison Crossing                                    
14.06 Property       Jos. A Bank North Causeway                                     
14.07 Property       1 All Souls Crescent                                    
14.08 Property       Jos. A. Bank on I-55 Frontage Road                                    
14.09 Property       39 Dogwood Road                                    
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio 0 0 0 0 0 0 250,000 0 Property Cost Reserve CSGBSH RidgelandSC I, LLC, CSGBSH PhoenixAZ I, LLC and CSGBSH PhoenixAZ II, LLC No George Thacker, Lawrence Charles Kaplan and Richard Schontz Acquisition 21,000,000 8,803,448 0 0 29,803,448
15.01 Property       AAA Storage City                                    
15.02 Property       CubeSmart PHX - E Washington St.                                    
15.03 Property       CubeSmart PHX - N 43rd                                    
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center 0 0 0 0 0 0 304,810 0 Outstanding Tenant Obligation Reserve Monarch Corporate Center Investors, LLC No Stephen M. Zotovich Acquisition 19,795,000 15,669,682 0 0 35,464,682
17 Loan 67 GACC German American Capital Corporation Thunderbird Village 0 0 0 0 0 0 0 0   Thunderbird Investments, LLC No NBP Capital, LLC Refinance 19,000,000 0 0 0 19,000,000
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 0 0 12,125 0 0 0 0 0   2817 North Clark Owner, LLC No McLinden Holdings, L.L.C. Refinance 18,635,000 0 0 0 18,635,000
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio 0 0 87,651 0 0 0 0 0   First Neck Buena LLC, First Neck Vineland LLC and First Neck South Vineland LLC No Jacob Ramage Acquisition 17,750,000 7,663,515 0 0 25,413,515
19.01 Property       Vineland Self Storage                                    
19.02 Property       Buena Self Storage                                    
19.03 Property       South Vineland                                    
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 0 0 6,934 0 0 0 18,122 0 Free Rent Reserve Clocktower Square Baceline, LLC No Douglas Arnold, David Puchi and Craig Zoeller Refinance 16,000,000 0 0 0 16,000,000
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center 0 0 11,375 0 0 0 110,799 0 Unfunded Obligations Reserve ($83,379); Free Rent Reserve ($27,420) UAP-Heritage Peachtree, LLC No John E. Young Acquisition 15,800,000 8,376,444 0 207,982 24,384,427
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 0 0 0 0 0 0 26,168,910 0 Outstanding Tenant Obligations Reserve ($19,392,145); Bridge Rent and Reimbursement Reserve ($6,776,765) Aventura Mall Venture No Simon Property Group, L.P., Jacquelyn Soffer and Jeffrey Soffer Refinance 1,406,700,000 0 343,300,000 0 1,750,000,000
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 0 0 0 0 0 0 9,513 0 Seasonality Reserve (Upfront: $7,013; Monthly March - November: $5,107); Comfort Letter Reserve ($2,500) Founders Hospitality, LLC and Star Lodges, LLC No Majid Koza Refinance 13,500,000 0 0 0 13,500,000
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 0 0 0 0 0 0 101,175 0 Unfunded Obligations Reserve 8701 Georgia LLC No Scott J. Seligman Acquisition 12,900,000 6,533,206 0 376,232 19,809,438
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 0 0 0 0 0 0 0 0   Ancha Investments LLC, DMS Financial Investments LLC, Hotel Acquisitions 4 Tampa USF LLC, Kollipara Investments LLC and Sama Investments LLC No Richard C. Pietrafesa, Jr., Peter Murphy, Cambridge Capital Family Partnership, LP, Sailaja Malireddy, Sharvani Mididaddi, Murthy S. Sama, Gayathri Sama, Pavan K. Kollipara, Vijaya Kollipara, Koteswararao R. Ancha and Devinder P. Singh Acquisition 12,550,000 7,387,225 0 0 19,937,225
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive 0 0 0 0 0 0 25,577 0 Outstanding TI Reserve Arlington Center LLC No Chaim Simkowitz, Michael Rosenberg Acquisition 29,376,000 12,763,329 0 0 42,139,329
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments 0 0 0 0 0 0 0 0   LH Moser LLC No Michael E. Deiker Refinance 12,250,000 2,956,099 0 0 15,206,099
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor 0 0 0 0 0 0 169,118 0 Outstanding TI/LC ($87,725); Free Rent Reserve ($81,393) 21 Astor NW LLC No Robert Ball Refinance 12,155,000 0 0 0 12,155,000
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 0 0 0 0 0 0 0 0   Laurel Park Hotel, LLC No Robert Anderson, David Culpepper and Chris Decamp Refinance 12,000,000 0 0 0 12,000,000
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio 0 0 0 0 0 0 0 0   Core DG Owner, LLC No CC Real Estate Income Master Fund Acquisition 11,757,000 5,860,661 0 0 17,617,661
30.01 Property       Dollar General - Chattanooga                                    
30.02 Property       Dollar General - Dixon                                    
30.03 Property       Dollar General - Andalusia                                    
30.04 Property       Dollar General - Warroad                                    
30.05 Property       Dollar General - Baudette                                    
30.06 Property       Dollar General - Woodhull                                    
30.07 Property       Dollar General - Pillager                                    
30.08 Property       Dollar General - Mapleton                                    
30.09 Property       Dollar General - Patton                                    
30.10 Property       Dollar General - Perry                                    
30.11 Property       Dollar General - Keosauqua                                    
30.12 Property       Dollar General - Browerville                                    
30.13 Property       Dollar General - Sumner                                    
30.14 Property       Dollar General - Hedrick                                    
30.15 Property       Dollar General - Wappapello                                    
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 0 0 0 0 0 0 0 0   6221-6223 S. Palo Verde, Tucson, LLC No Kenneth Levy Acquisition 11,485,000 5,990,039 0 0 17,475,039
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street 0 0 0 0 0 0 263,520 0 Outstanding TI Reserve 120 Spring Realty Associates LLC No Terrence Lowenberg and Todd Cohen Refinance 11,396,000 0 0 0 11,396,000
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 0 0 0 0 0 0 2,204,826 0 Seasonality Reserve (Monthly August - October: $30,000); Closing Date PIP Deposit ($2,204,826) Kubera Hotel Properties, LP No Pradeep Kantilal Khatri Refinance 10,500,000 0 0 0 10,500,000
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio 0 0 0 0 0 0 0 0   Amsdell Storage Ventures XXVI, LLC No Robert J. Amsdell and Barry L. Amsdell Acquisition/Refinance 9,000,000 0 0 11,600 9,011,600
34.01 Property       Stor-All Storage - Acworth, GA                                    
34.02 Property       Compass Self Storage - Warren, MI                                    
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans 0 0 6,822 0 0 0 99,347 0 Pre-Paid Rent Reserve 1516 Orleans LLC No Nikita Turik and Alexander Turik Refinance 8,700,000 0 0 0 8,700,000
36 Loan 101 GACC German American Capital Corporation Vista Park Office 0 0 5,000 0 0 0 0 0   Bluebird Real Estate Holdings, LLC No Christopher A. Dunham and The Estate of Donald A. Dunham, Jr. Refinance 8,400,000 0 0 0 8,400,000
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center 0 0 34,328 0 0 0 0 0   SPE-Portland Rockwood Plaza, LLC No CCA Acquisition Company, LLC Acquisition 8,250,000 3,165,091 0 0 11,415,091
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue 0 0 0 0 0 0 810,867 0 CO Holdback Reserve 735 Bedford LLC No Yoel Goldman Refinance 7,500,000 50,000 0 0 7,550,000
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 0 0 13,781 0 0 0 6,801 0 Free Rent Reserve EC Foundation Quail, LLC No Mark Hamermesh and Gary Grabel Refinance 7,200,000 0 0 0 7,200,000
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 0 0 0 0 0 0 543,900 0 Renovation Reserve ($500,000); Seasonality Reserve ($43,900) Hospitality Lodging Investors III, LP No William R. Nuttall Refinance 6,750,000 0 0 0 6,750,000
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 0 0 0 0 0 0 2,963,312 0 PIP Reserve Hipi Holding LLC No Biran Patrick Martin, N. Leonard Fox and Edward D. Herrick Acquisition 6,150,000 4,264,035 0 0 10,414,035
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center 0 0 2,188 0 0 0 469,170 0 Unfunded Obligations Reserve ($416,016); Gap Rent Reserve ($53,154) Dupont Circle III LP No Thomas A. Marmaros Refinance 5,100,000 0 0 0 5,100,000
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis 0 0 355,938 0 0 0 0 0   Moonbeam Realty, LLC No Moishe Mana Recapitalization 5,000,000 0 0 0 5,000,000
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 0 0 0 0 0 0 0 0   West Point Hotel, LLC No Robert Anderson, David Culpepper and Chris Decamp Refinance 4,690,000 0 0 0 4,690,000
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage 0 0 0 0 0 0 0 0   CSGBSH GeorgetownKY I, LLC No George Thacker, Lawrence Charles Kaplan and Richard Schontz Acquisition 4,525,000 1,798,754 0 29,735 6,353,489
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center 0 0 25,000 0 0 0 13,484 0 Waterland Rent Reserve RBL Lynn I LLC and RBL Lynn II LLC No Ari Blum Acquisition 4,250,000 4,911,771 0 191,034 9,352,805
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 0 0 27,500 0 0 0 0 0   Delta Site, LLC No Julie K. Lawton-Essa Refinance 3,150,000 0 0 0 3,150,000
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center 0 0 8,813 0 0 0 0 0   Sahara LVLA, LLC No Goor Arie Kadosh Acquisition 3,000,000 9,545,648 0 159,367 12,705,016
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin 0 0 0 0 0 0 0 0   Net3 (South Elgin II), LLC No The David E. Cunningham Trust Dated June 2, 1998 and David E. Cunningham Refinance 2,725,000 0 0 0 2,725,000
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi 0 0 0 0 0 0 0 0   Net3 (Potosi), LLC No The David E. Cunningham Trust Dated June 2, 1998 and David E. Cunningham Refinance 1,670,000 0 0 0 1,670,000

A-8

 

Benchmark 2019-B9 Annex A

 

Control Number Loan / Property Flag Footnotes Mortgage Loan Seller Originator Property Name Loan Payoff ($) Purchase Price ($) Closing Costs ($) Reserves ($) Principal Equity Distribution ($) Other Uses ($) Total Uses ($) Lockbox Cash Management Cash Management Triggers Ground Lease Y/N Ground Lease Expiration Date Annual Ground Lease Payment ($) Franchise Agreement Expiration Cut-off Date Pari Passu Companion Loan Balance ($) Cut-off Date Subordinate Companion Loan Balance ($) Subordinate Companion Loan Interest Rate (%) Cut-off Date Mezzanine Debt Balance ($) Mezzanine Debt Interest Rate (%) Terrorism Insurance Required Y/N Control Number
1 Loan 9, 10, 11, 12, 13, 14, 15 CREFI Citi Real Estate Funding Inc. 3 Park Avenue 124,865,096 0 5,527,780 3,668,201 47,938,924 0 182,000,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x No       94,000,000.00         Yes 1
2 Loan 16, 17, 18, 19, 20, 21 CREFI Citi Real Estate Funding Inc. Country Club Plaza 0 74,000,000 2,089,780 10,165,359 0 0 86,255,139 Hard In Place (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the occurrence of a Mezzanine Cash Sweep Period No             12,200,000 8.01100% Yes 2
3 Loan 22, 23, 24, 25, 26 GACC German American Capital Corporation Plymouth Corporate Center 45,136,082 0 747,122 767,198 349,598 0 47,000,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Lease Sweep Period No                 Yes 3
4 Loan 4, 9, 27, 28, 29, 30, 31 CREFI Citi Real Estate Funding Inc. Kawa Mixed Use Portfolio 58,484,592 20,200,000 817,422 3,818,697 0 0 83,320,711 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) Specified Tenant Bankruptcy Event, (iv) termination or cancellation of a Specified Tenant Lease, (v) a monetary or material non-monetary default under the applicable Specified Tenant Lease, (vi) a Specified Tenant failing to be in physical occupancy of it’s lease, (vii) Gavilon Group Trigger Period, (viii) North Kansas City School District Trigger Period, (ix) Essence Renewal Trigger Period Various       38,000,000.00         Yes 4
4.01 Property       Gavilon Headquarters                     No                 Yes 4.01
4.02 Property       Northland Innovation Campus                     Yes 12/31/2039 2,047             Yes 4.02
4.03 Property       Oerlikon Industrial Facility                     No                 Yes 4.03
4.04 Property       Essence Group Headquarters                     No                 Yes 4.04
5 Loan 4, 9, 32, 33, 34 GACC Deutsche Bank AG, New York Branch Staples Strategic Industrial 0 192,000,000 1,386,309 0 0 0 193,386,309 Hard In Place (i) the occurrence of the Anticipated Repayment Date, (ii) the occurrence of an Event of Default, (iii) DSCR is less than 1.20x, (iv) the occurrence of a Lease Sweep Period No       91,100,000.00         Yes 5
5.01 Property       Staples - Hagerstown, MD                     No                 Yes 5.01
5.02 Property       Staples - Montgomery, NY                     No                 Yes 5.02
5.03 Property       Staples - Terre Haute, IN                     No                 Yes 5.03
5.04 Property       Staples - London, OH                     No                 Yes 5.04
5.05 Property       Staples - Beloit, WI                     No                 Yes 5.05
5.06 Property       Staples - Dayville, CT                     No                 Yes 5.06
5.07 Property       Staples - Arden Hills, MN                     No                 Yes 5.07
5.08 Property       Staples - Putnam, CT                     No                 Yes 5.08
6 Loan 35, 36 GACC Deutsche Bank AG, New York Branch 210 East 39th Street 35,954,126 0 804,845 23,079 0 0 36,782,050 Soft In Place (i) the occurrence of an Event of Default, (ii) Combined Loan DSCR is less than 1.07x, (iii) Mortgage Loan DSCR is less than 1.23x, (iv) the occurrence of a Mezzanine Loan Default No             2,400,000 10.75000% Yes 6
7 Loan 4, 9, 37, 38, 39, 40, 41 CREFI Citi Real Estate Funding Inc. Fairbridge Office Portfolio 0 63,750,000 558,331 3,439,409 0 0 67,747,740 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x No       15,000,000.00         Yes 7
7.01 Property       Oak Brook Gateway                     No                 Yes 7.01
7.02 Property       Cornerstone I at Cantera                     No                 Yes 7.02
8 Loan 9, 42, 43, 44 JPMCB JPMorgan Chase Bank, National Association 10 Brookline Place 0 153,054,729 4,033,670 1,073,194 0 6,294,375 164,455,968 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x No       50,000,000.00         Yes 8
9 Loan 45 CREFI Citi Real Estate Funding Inc. Oracle Crossings 0 41,061,255 510,162 874,222 0 0 42,445,638 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x No                 Yes 9
10 Loan 9, 46, 47, 48, 49, 50, 51, 52 JPMCB JPMorgan Chase Bank, National Association Liberty Station Retail 0 165,357,991 3,407,306 1,748,753 0 0 170,514,050 Hard Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.20x, (iv) Tenant Trigger Event Yes 12/31/2070 16   87,000,000.00         Yes 10
11 Loan 53, 54 JPMCB JPMorgan Chase Bank, National Association PSM Building 0 40,800,000 834,777 315,103 0 0 41,949,879 Hard In Place (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Manager, (iii) DSCR is less than 1.35x, (iv) PSM Trigger Event, (v) Extension Term Trigger Event No                 Yes 11
12 Loan 9, 55, 56, 57, 58, 59, 60, 61 GACC Deutsche Bank AG, New York Branch AC Marriott Downtown Tucson 34,235,423 0 729,554 11,826 5,023,196 0 40,000,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x Yes Various 20 9/21/2047 15,000,000.00         Yes 12
13 Loan 62, 63 CREFI Citi Real Estate Funding Inc. Woodbury Medical Office 0 37,400,000 738,521 333,450 0 0 38,471,971 Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.00% No                 Yes 13
14 Loan 4, 64 CREFI Citi Real Estate Funding Inc. Biltmore Portfolio 15,860,808 0 893,708 147,303 5,198,182 0 22,100,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 14
14.01 Property       Kitchin Place                     No                 Yes 14.01
14.02 Property       26 All Souls Crescent                     No                 Yes 14.02
14.03 Property       Melrose Place                     No                 Yes 14.03
14.04 Property       Village at Pelican Point                     No                 Yes 14.04
14.05 Property       Harbison Crossing                     No                 Yes 14.05
14.06 Property       Jos. A Bank North Causeway                      No                 Yes 14.06
14.07 Property       1 All Souls Crescent                     No                 Yes 14.07
14.08 Property       Jos. A. Bank on I-55 Frontage Road                     No                 Yes 14.08
14.09 Property       39 Dogwood Road                     No                 Yes 14.09
15 Loan 4, 65 CREFI Citi Real Estate Funding Inc. CubeSmart Phoenix & AAA Portfolio 0 27,854,562 1,326,196 622,690 0 0 29,803,448 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x No                 Yes 15
15.01 Property       AAA Storage City                     No                 Yes 15.01
15.02 Property       CubeSmart PHX - E Washington St.                     No                 Yes 15.02
15.03 Property       CubeSmart PHX - N 43rd                     No                 Yes 15.03
16 Loan 66 JPMCB JPMorgan Chase Bank, National Association Monarch Corporate Center 0 33,550,000 629,351 1,285,330 0 0 35,464,682 Springing Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.30x No                 Yes 16
17 Loan 67 GACC German American Capital Corporation Thunderbird Village 14,119,212 0 406,248 33,510 4,441,030 0 19,000,000 Springing Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.00%, (iii) the commencement of a Mezzanine Trigger Period No                 Yes 17
18 Loan   CREFI Citi Real Estate Funding Inc. Walgreens Chicago 15,648,786 0 306,210 12,125 2,667,879 0 18,635,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.50x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 18
19 Loan 4 CREFI Citi Real Estate Funding Inc. New Jersey Self Storage Portfolio 0 24,368,288 804,863 240,364 0 0 25,413,515 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Event No                 Yes 19
19.01 Property       Vineland Self Storage                     No                 Yes 19.01
19.02 Property       Buena Self Storage                     No                 Yes 19.02
19.03 Property       South Vineland                     No                 Yes 19.03
20 Loan 68 GACC Deutsche Bank AG, New York Branch Clocktower Square 9,075,813 0 378,736 616,934 5,928,518 0 16,000,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Lease Sweep Period No                 Yes 20
21 Loan 69 CREFI Citi Real Estate Funding Inc. Overlook Shopping Center 0 24,000,000 226,219 158,208 0 0 24,384,427 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 21
22 Loan 9, 70, 71, 72, 73, 74, 75 JPMCB JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A., Deutsche Bank AG, acting through its New York Branch and Morgan Stanley Bank, N.A. Aventura Mall 1,230,695,723 0 13,967,630 26,168,910 278,314,718 200,853,019 1,750,000,000 Hard; Master Lease Rents (Soft Springing) Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.35x No       1,391,700,000.00 343,300,000.00 4.12125%     Yes 22
23 Loan 76, 77, 78, 79 GACC Deutsche Bank AG, New York Branch Courtyard Farmington Hills 10,452,591 0 215,918 9,513 2,821,978 0 13,500,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x No     3/3/2037           Yes 23
24 Loan 80, 81 CREFI Citi Real Estate Funding Inc. 8701 Georgia Avenue 0 18,953,846 421,895 433,697 0 0 19,809,438 Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.75%, (iii) the occurrence of a Specified Tenant Trigger Event No                 Yes 24
25 Loan 82 CREFI Citi Real Estate Funding Inc. Home2 Suites Tampa USF 0 19,300,000 443,540 193,684 0 0 19,937,225 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) a Material Action in which the Hotel Manager is a debtor No     12/31/2038           Yes 25
26 Loan 9, 83 JPMCB JPMorgan Chase Bank, National Association 1421 West Shure Drive 0 40,800,000 943,091 396,238 0 0 42,139,329 Hard Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.20x, (iv) the occurrence of an HSBC Trigger Event No       17,000,000.00         Yes 26
27 Loan 84 JPMCB JPMorgan Chase Bank, National Association Moser Apartments 14,859,691 0 344,137 2,271 0 0 15,206,099 Soft Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.50x No                 Yes 27
28 Loan 85, 86, 87, 88 GACC Deutsche Bank AG, New York Branch 21 Astor 8,949,056 0 266,610 193,577 2,745,757 0 12,155,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x on or after January 6, 2020 No                 Yes 28
29 Loan 89, 90 JPMCB JPMorgan Chase Bank, National Association Hilton Garden Inn Flowood 10,377,219 0 460,917 26,061 1,135,803 0 12,000,000 Hard Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x No     10/31/2033           Yes 29
30 Loan 4, 91, 92 GACC German American Capital Corporation Midwest Dollar General Portfolio 0 16,797,000 820,661 0 0 0 17,617,661 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the commencement of a Tenant Downgrade Trigger or a Tenant Bankruptcy Trigger, (iv) the occurrence of the Anticipated Repayment Date No                 Yes 30
30.01 Property       Dollar General - Chattanooga                     No                 Yes 30.01
30.02 Property       Dollar General - Dixon                     No                 Yes 30.02
30.03 Property       Dollar General - Andalusia                     No                 Yes 30.03
30.04 Property       Dollar General - Warroad                     No                 Yes 30.04
30.05 Property       Dollar General - Baudette                     No                 Yes 30.05
30.06 Property       Dollar General - Woodhull                     No                 Yes 30.06
30.07 Property       Dollar General - Pillager                     No                 Yes 30.07
30.08 Property       Dollar General - Mapleton                     No                 Yes 30.08
30.09 Property       Dollar General - Patton                     No                 Yes 30.09
30.10 Property       Dollar General - Perry                     No                 Yes 30.10
30.11 Property       Dollar General - Keosauqua                     No                 Yes 30.11
30.12 Property       Dollar General - Browerville                     No                 Yes 30.12
30.13 Property       Dollar General - Sumner                     No                 Yes 30.13
30.14 Property       Dollar General - Hedrick                     No                 Yes 30.14
30.15 Property       Dollar General - Wappapello                     No                 Yes 30.15
31 Loan 93 GACC Deutsche Bank AG, New York Branch Palo Verde Industrial 0 16,416,500 187,274 871,265 0 0 17,475,039 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Lease Sweep Period No                 Yes 31
32 Loan 94, 95 JPMCB JPMorgan Chase Bank, National Association 120 Spring Street 8,665,804 0 560,232 263,741 1,906,224 0 11,396,000 Hard In Place (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.05x, (iv) the occurrence of a Birkenstock Trigger Event No                 Yes 32
33 Loan 96, 97, 98 JPMCB JPMorgan Chase Bank, National Association La Quinta Inn Berkeley 5,018,996 0 395,355 2,238,528 2,847,121 0 10,500,000 Springing Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.30x, (iv) the occurrence of a Franchise Termination Trigger Event No     7/26/2027           Yes 33
34 Loan   CREFI Citi Real Estate Funding Inc. Compass Self Storage MI & GA Portfolio 2,194,603 5,500,000 247,335 12,716 1,056,946 0 9,011,600 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x No                 Yes 34
34.01 Property       Stor-All Storage - Acworth, GA                     No                 Yes 34.01
34.02 Property       Compass Self Storage - Warren, MI                     No                 Yes 34.02
35 Loan 99, 100 GACC German American Capital Corporation 1516 North Orleans 7,338,073 0 165,098 234,425 962,404 0 8,700,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x No                 Yes 35
36 Loan 101 GACC German American Capital Corporation Vista Park Office 1,978,755 0 244,362 379,860 5,797,022 0 8,400,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Lease Sweep Period No                 Yes 36
37 Loan 102, 103, 104 GACC German American Capital Corporation Rockwood Plaza Shopping Center 0 11,000,000 368,130 46,961 0 0 11,415,091 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Lease Sweep Period, (iv) the occurrence of a Mezzanine Trigger Period No                 Yes 37
38 Loan 105 CREFI Citi Real Estate Funding Inc. 735 Bedford Avenue 6,410,685 0 316,500 822,814 0 0 7,550,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x No                 Yes 38
39 Loan   CREFI Citi Real Estate Funding Inc. Quail Springs Shopping Center 6,626,543 0 213,608 234,182 125,666 0 7,200,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 39
40 Loan 106, 107 CREFI Citi Real Estate Funding Inc. Best Western State College 4,791,842 0 261,798 596,365 1,099,995 0 6,750,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.40x, (iii) Bankruptcy Action of Manager, (iv) the occurrence of a Franchise Agreement Trigger Period No     11/30/2019           Yes 40
41 Loan 108 CREFI Citi Real Estate Funding Inc. Hampton Inn Princeton Indiana 0 6,798,359 607,884 3,007,792 0 0 10,414,035 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) the occurrence of a Manager Bankruptcy Event No     12/31/2033           Yes 41
42 Loan 109, 110, 111 CREFI Citi Real Estate Funding Inc. Dupont Office Center 2,936,028 0 161,636 700,652 1,301,683 0 5,100,000 Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 42
43 Loan 112 GACC Deutsche Bank AG, New York Branch GRM Indianapolis 0 0 204,848 359,742 4,435,409 0 5,000,000 Hard In Place (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) fifty percent (50%) or more of the net rentable area covered by the GRM Lease is vacant for four or more consecutive months No                 Yes 43
44 Loan 113, 114 JPMCB JPMorgan Chase Bank, National Association Hampton Inn & Suites West Point 3,904,219 0 217,466 13,535 554,780 0 4,690,000 Hard Springing (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x No     1/31/2030           Yes 44
45 Loan   CREFI Citi Real Estate Funding Inc. AAA Bypass Storage 0 6,200,600 144,906 7,983 0 0 6,353,489 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x No                 Yes 45
46 Loan 115, 116 CREFI Citi Real Estate Funding Inc. Lynn Corporate Center 0 8,500,000 697,740 155,065 0 0 9,352,805 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x No                 Yes 46
47 Loan 117 CREFI Citi Real Estate Funding Inc. Delta Self Storage 2,363,182 0 192,456 41,251 553,110 0 3,150,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x No                 Yes 47
48 Loan   CREFI Citi Real Estate Funding Inc. Sahara Durango Shopping Center 0 11,500,000 1,084,899 120,116 0 0 12,705,016 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.70x No                 Yes 48
49 Loan 118 CREFI Citi Real Estate Funding Inc. Fresenius Medical Care South Elgin 1,288,795 0 57,036 0 1,379,169 0 2,725,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 49
50 Loan 119 CREFI Citi Real Estate Funding Inc. Fresenius Medical Center Potosi 1,317,641 0 60,164 0 292,195 0 1,670,000 Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period No                 Yes 50

 

A-9

 

Footnotes to Annex A
   
(1) The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.
   
(2) The Monthly Debt Service ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.
   
(3) The open period is inclusive of the Maturity Date / ARD.
   
(4) Mortgage Loans secured by multiple Mortgaged Properties may be the subject of partial prepayments in connection with the release of one or more related Mortgaged Properties, notwithstanding that any such Mortgage Loan is in a prepayment lockout period and/or a defeasance period.   See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” for a description of partial release provisions with respect to certain of the Mortgage Loans.
   
(5) Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans).
   
(6) Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
(7) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease.
   
(8) If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Principal’s New Cash Contribution ($)“ reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition.  If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Principal’s New Cash Contribution ($)“ reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.
   
(9) The Cut-off Date Balance ($) reflects only the Mortgage Loan included in the Issuing Entity (which may be evidenced by one or more promissory notes); however, such Mortgage Loan is part of a Loan Combination comprised of such Mortgage Loan and one or more Pari Passu Companion Loan(s) and/or Subordinate Companion Loan(s) that are held outside the Issuing Entity, each of which is evidenced by one or more separate promissory notes.  With respect to each such Mortgage Loan that is part of a Loan Combination, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations include any related Pari Passu Companion Loan(s) but exclude any related Subordinate Companion Loan.  See “Description of the Mortgage Pool—The Loan Combinations” in the Preliminary Prospectus for more information regarding the Loan Combination(s).
   
(10) The lockout period will be at least 26 payment dates beginning with and including the First Due Date of January 6, 2019.  Defeasance of the full $182,000,000 Loan Combination is permitted after the date that is earlier to occur of (i) November 30, 2021 and (ii) two years after the date of the securitization of the last portion of the Loan Combination. The assumed lockout period of 26 payments is based on the expected BMARK 2019-B9 securitization closing date in February 2019. The actual lockout period may be longer.

 

A-10

 

Footnotes to Annex A

   
(11) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to five tenants executing leases since January 2018 accounting for a total of $2,607,244 underwritten base rent. This is comprised of Merus Global Investments (lease start: January 12, 2018; underwritten base rent: $546,084), Nicolas P. Chiara & Co., Inc. (lease start: June 1, 2018; underwritten base rent: $185,250), Scarinci & Hollenback (lease start: June 20, 2018; underwritten base rent: $372,000), Zeta Global Holding Corp. (lease start: February 1, 2019; underwritten base rent: $1,483,500) and Robert Burke Associates (lease start: February 1, 2018; underwritten base rent: $20,410).
   
(12) On each Due Date on which the balance in the TI/LC reserve is (i) below $2,000,000, the borrower is required to deposit an amount equal to $100,000; (ii) on each Due Date on which the balance in the TI/LC reserve is equal to or greater than $2,000,000 and below $3,000,000, the borrower is required to deposit a monthly amount equal to $50,000 and (iii) if the balance in the TI/LC reserve account is equal to or greater than $3,000,000, the borrower is not required to make monthly deposits in to the TI/LC reserve account.
   
(13) The borrower is required under the related Loan Combination documents to pay for and perform 100% of the unfunded landlord obligations ($1,523,458) and deferred maintenance ($28,500, which is the estimated cost according to the engineering report) at the Mortgaged Property. If an event of default has occurred and is continuing or the borrower has breached any requirements under the Loan Combination documents, the borrower is required to deliver cash or a letter of credit to the lender in the amount that the lender determines is necessary to complete all unfunded landlord obligations, deferred maintenance and any remaining unfunded free rent obligations.
   
(14) The borrower is both the ground lessee and ground lessor under a ground lease encumbering the Mortgaged Property.
   
(15) The Largest Tenant, Houghton Mifflin Harcourt, leases 101,421 SF of space that expires on December 31, 2027 and 400 SF of space that expires on May 31, 2019. The Fourth Largest Tenant, Return Path, Inc., leases 23,280 SF of space that expires on July 31, 2025 and 22,722 SF of space that expires on February 29, 2020.
   
(16) Limited historical financial information was provided as the previous owner acquired the Mortgaged Property in August of 2016.
   
(17) The Second Largest Tenant, Sony Electronics, has a one-time option to terminate its lease effective May 31, 2024 with payment of a termination fee equal to $3,423,590. The Third Largest Tenant, Merrill Lynch, has the right to terminate its lease on November 30, 2022 with at least 12 months’ notice and payment of a termination fee equal to $1,068,566. The Fifth Largest Tenant, Nuvolo Technologies, has a one-time option to terminate its lease effective February 28, 2021 with 12 months’ notice and payment of a termination fee equal to $402,710.
   
(18) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to lease-up.  Underwritten base rent is based on actual in-place leases.  TTM Most Recent NOI (if past 2017) ($) is lower than 2017 NOI ($) and Underwritten Net Operating Income ($) due to a prior tenant that occupied 100% of the 117 West Century Road building vacating its space upon expiration of its lease in late 2017.  In June 2018, Octapharma backfilled all of the space vacated by the prior tenant ($1,912,830 underwritten base rent).  Octapharma was given 12 months’ free rent resulting in actual collections being lower than underwritten.  Octapharma’s free rent period ends in June 2019 and all outstanding free rent has been reserved by the lender.  Additionally, 84,216 SF of space ($2,331,903 in total underwritten base rent) was leased to four tenants (Sony Electronics, Steward Partners Global Advisory, First Republic Bank and Nuvolo Technologies) between October 16, 2017 and June 8, 2018. As such, most of this income is not included in the Most Recent NOI (if past 2017) ($).    
   

 

A-11

 

Footnotes to Annex A

 

(19) The related Mortgage Loan is structured with a mezzanine loan with an original principal balance equal to $12,200,000. The mezzanine loan is interest only for the entire term, is coterminous with the Mortgage Loan and accrues interest at a fixed rate equal to 8.01100% per annum. The mezzanine loan was originated on December 7, 2018 and the First Due Date is February 6, 2019.
   
(20) At origination the borrower deposited $1,500,000 into the Upfront TI/LC Reserve ($). If the balance in the TI/LC reserve falls below $1,000,000 the borrower is required to deposit a monthly amount equal to $37,972 until the balance reaches the TI/LC Caps ($) of $1,500,000.
   
(21) The Largest Tenant, Octapharma, is currently finishing its buildout, which is expected to be completed in the second quarter of 2019. The lease commenced on June 12, 2018 and tenant improvement allowances of $3,379,333 were escrowed at origination.
   
(22) Historical cash flow information is not available because the sponsor acquired the Mortgaged Property in 2015.
   
(23) Ongoing TI/LC Reserve ($) deposits are scheduled on each Due Date until and including the Due Date in January, 2020, the sum of $12,620, (iii) on the Due Date in February, 2020 and on each Due Date thereafter until and including the Due Date in January, 2021, the sum of $25,240, (iv) on the Due Date in February, 2021 and on each Due Date thereafter until and including the Due Date in January, 2022, the sum of $37,860, and (v) on the Due Date in February, 2022 and on each Due Date thereafter, the sum of $50,481.
   
(24) Upon the renewal or re-tenanting of the premises for a period of at least five years of the Largest Tenant, TCF National Bank, the TI/LC reserve account will be capped at $1,000,000 after the satisfaction of the rollover fund release conditions and release of the rollover excess as defined in the Mortgage Loan documents.   
   
(25) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) is attributable to the Largest Tenant, TCF National Bank, expanding its space at the Mortgaged Property.
   
(26) The Largest Tenant, TCF National Bank, has the following two rights to contract its leased space, in each case with at least 12 months’ notice: (i) on or around December 31, 2020, by 20,641 SF constituting Suite 150, and (ii) on or around December 31, 2022, by either (a) 20,641 SF constituting Suite 150 (if not already exercised pursuant to clause (i)) or (b) 20,000 SF of space mutually acceptable to such tenant and the borrower (which contraction right described in clause (ii)(b) may be exercised if the contraction right in clause (i) is exercised).  The Second Largest Tenant, Comm-Works, has the right to terminate its lease effective as of February 29, 2024, with delivery of notice on or before May 31, 2023 and payment of a termination fee equal to $172,000.
   
(27) The appraiser’s “as-stabilized” value for the Essence Group Headquarters Mortgaged Property as of November 1, 2019 assumes the completion of Essence Group Holdings Corp.’s build out using its tenant improvement allowance. At origination, the borrower deposited $3,739,815 which represents an unfunded tenant improvement allowance and free rent related to the Essence Group Holdings Corp. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) for the portfolio are calculated based on the Mortgaged Property’s Appraised Value ($) of $23,250,000.  The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) for the portfolio are based on the “as-is” appraised value of $19,500,000, which excludes the stabilization assumption, are 68.0%.
   
(28) Historical operating statements were only provided for the Essence Group Headquarters and Northland Innovation Campus Mortgaged Properties (as presented in Annex A to the Preliminary Prospectus). The Oerlikon Industrial Facility Mortgaged Property was built in 2018 and therefore historical information is not available. Therefore, historical cash flows for the related Loan Combination are not available on a portfolio level.
   

 

A-12

 

Footnotes to Annex A

 

(29) The borrower has a leasehold interest in the Northland Innovation Campus Mortgaged Property. Taxable Industrial Development Revenue Bonds (Northland Innovation Center Project), Series 2015, in the maximum principal amount of $17,700,000 (the “Northland Chapter 100 Bonds”) were issued by the City of Gladstone, Missouri, to finance the acquisition and construction of the Northland Innovation Campus property improvements. The Northland Chapter 100 Bonds are now held by KCP Fee Owner 4, LLC (the “Northland Innovation Campus Borrower”). In connection therewith, the Northland Innovation Campus property was leased by the City of Gladstone, Missouri to the Northland Innovation Campus Borrower pursuant to a lease agreement; rental payments under the lease agreement are offset against payments under the Northland Innovation Campus Bonds. The lease agreement allows the Northland Innovation Campus Borrower to mortgage and pledge its interest in the lease agreement to the lender as collateral security for the related Loan Combination. The lease agreement terminates on December 31, 2039 at which time the Northland Chapter 100 Bonds are cancelled and the Northland Innovation Campus Borrower is obligated to repurchase fee title to the Northland Innovation Campus Mortgaged Property for $1,000. The interest of the Northland Innovation Campus Borrower in and to the Northland Chapter 100 Bonds and the lease agreement were assigned by the Northland Innovation Campus Borrower to the lender pursuant to the related Loan Combination documents. The Northland Innovation Campus Mortgaged Property is exempt from payment of real estate taxes (except for an annual payment in lieu of real estate taxes equal to $2,046 under the lease agreement with the City of Gladstone, Missouri) through December 31, 2039. A portion of the parking for the Northland Innovation Campus Mortgaged Property is provided on land adjacent to the Northland Innovation Campus Mortgaged Property owned by the City of Gladstone and leased to the Northland Innovation Campus Borrower pursuant to a lease agreement date June 19, 2015 (the “Northland Innovation Campus Parking Lease”). The Northland Innovation Campus Parking Lease expires on December 31, 2039, and there are no extension options. The rent payable by the Northland Innovation Campus Borrower pursuant to the Northland Innovation Campus Parking Lease is $1 per year. The Northland Innovation Campus Borrower is permitted pursuant to the related Loan Combination documents to modify the  Northland Innovation Campus Parking Lease to extend the term or, alternatively, may terminate the Northland Innovation Campus Parking Lease provided that suitable substitute parking facilities are obtained by the Northland Innovation Campus Borrower.
   
(30) The Largest Tenant at the Gavilon Headquarters Mortgaged Property, The Gavilon Group, LLC, currently subleases 39,293 SF (the entire fifth floor and a portion of the fourth floor) to MetLife through September 2028. MetLife has a one-time right, effective August 31, 2025, to terminate its sublease, provided that, MetLife gives 12-15 months’ notice and pays a termination fee equal to three months of rent as of the effective date of termination plus The Gavilon Group, LLC’s unamortized leasing costs with respect to the 39,293 SF of subleased space.
   
(31) The Third Largest Tenant at the Northland Innovation Campus Mortgaged Property, Edward D. Jones & Co, LP, has the option to terminate its lease on September 30, 2022 and September 30, 2024 with 180 days’ notice and payment of a termination fee equal to four months’ rent and unamortized tenant improvement and leasing commission costs.
   
(32) The related Loan Combination is an ARD loan with an anticipated repayment date (“ARD”) of October 6, 2028 and a final maturity date of October 6, 2033. From and after the ARD, the related Loan Combination accrues interest at a fixed rate equal to the greater of (i) 4.91800% (the “Initial Interest Rate”) (or when applicable, the default rate) plus 2.50000% per annum or (ii) the swap rate calculated by the linear interpolation of mid-market swap yields, as reported on Reuters Capital Markets screen 19901 (SEMI-BOND column), as of the ARD plus 2.50000% (the “Adjusted Interest Rate”); however, interest accrued at the excess of the Adjusted Interest Rate over the Initial Interest Rate (the “Accrued Interest”) will be deferred. From and after the ARD, all excess cash flow from the Mortgaged Property after the payment of reserves, interest calculated at the Initial Interest Rate and operating expenses will be applied (i) first to repay the principal balance of the related Loan Combination and (ii) second to the payment of Accrued Interest.
   

 

A-13

 

Footnotes to Annex A

 

(33) For so long as the tenants pay rent on a quarterly basis, quarterly rent reserves are required to be maintained.  An amount necessary to fund all outstanding reserves and pay monthly debt service on the related Loan Combination for the month in which the quarterly rent payment is made (the “Monthly Required Payment Amount”) is required to be applied to such outstanding reserves and monthly debt service for such month, an amount equal to two times the Monthly Required Payment Amount is required to be held in a quarterly rent reserve account (to be applied on the next two succeeding monthly payment dates) and, provided no trigger period is continuing, the excess is required to be disbursed to the borrower.
   
(34) Historical cash flow information is not available because the Mortgaged Property was acquired as a part of a sale-leaseback transaction in October 2018.
   
(35) Historical cash flow information is not available because the Mortgaged Property was built in 2017.
   
(36) The related Mortgage Loan is structured with a mezzanine loan with an original principal balance equal to $2,400,000. The mezzanine loan is interest only for the entire term, is coterminous with the Mortgage Loan and accrues interest at a fixed rate equal to 10.75000% per annum. The mezzanine loan was originated on January 14, 2019 and the First Due Date is March 6, 2019.
   
(37) The Second Largest Tenant at the Oak Brook Gateway Mortgaged Property, U.S. Census Bureau, occupies 1,414 SF of space through December 31, 2020 and may terminate the lease associated with this space at any time with at least 180 days’ written notice. The U.S. Census Bureau occupies the remaining 27,757 SF of space through November 2028 with annual options to terminate beginning in November 2023 with 120 days’ written notice. Because the annual termination options are unilateral and there is no termination fee, the lease expiration date is presented as November 15, 2023. The Fifth Largest Tenant at the Oak Brook Gateway Mortgaged Property, Aerotek, Inc., has the right to terminate its lease with respect to the 14,596 SF currently leased, and not with respect to any expansion space that it may lease in the future, effective as of May 31, 2021 upon at least 12 months’ notice and payment of a termination fee.
   
(38) The lockout period will be at least 26 payment dates beginning with and including the First Due Date of January 6, 2019.  Defeasance of the full $47,750,000 Loan Combination is permitted after the date that is earlier to occur of (i) November 30, 2022 and (ii) two years after the date of the securitization of the last portion of the Loan Combination. The assumed lockout period of 26 payments is based on the expected BMARK 2019-B9 securitization closing date in February 2019. The actual lockout period may be longer.
   
(39) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to the increase in occupancy across the Mortgaged Properties. The increase is also attributable to the recent leasing across the Mortgaged Properties, burn off of free rent associated with leases signed during the TTM 9/30/2018 period and the inclusion of contractual rent steps. Since November 2017, three tenants have executed new leases for an aggregate underwritten base rent of $365,747 at the Cornerstone I at Cantera Mortgaged Property and since December 2017, seven tenants have executed new leases for an aggregate underwritten base rent of $868,057 at the Oak Brook Gateway Mortgaged Property. Together, 10 new leases have been executed since November 2017 which represents a total of $1,233,803 of underwritten base rent. All outstanding free rent ($586,121) was reserved at the origination of the related Loan Combination.
   
(40) The TI/LC Caps ($) will be $1,700,000 commencing on the Due Date in January 2021.
   
(41) On each Due Date, the borrower is required to deposit $70,680 into the Ongoing TI/LC Reserve ($) account commencing on the First Due Date in January 2019 through the Due Date occurring in December 2020. On the Due Date occurring in January 2021 and thereafter, the borrower is required to deposit $38,553 into the Ongoing TI/LC Reserve ($) account.
   

 

A-14

 

Footnotes to Annex A

 

(42) The Appraised Value ($) represents the “as-stabilized” value of $166,000,000 for the Mortgaged Property, effective January 1, 2019, which assumes the Mortgaged Property achieves a stabilized occupancy as of January 1, 2019 and that all outstanding lease obligations in connection with the Dana Farber lease have been paid. At loan origination, all remaining free rent obligations were reserved. The “As-Is” appraised value as of May 11, 2018 is $156,000,000, which assumes the aforementioned lease obligations are still outstanding and results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 52.6%. The appraisal also provided a “Hypothetical Go Dark” value of $131,000,000, which assumes the property is vacant and available for lease. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the “Hypothetical Go Dark” value is 62.6%.
   
(43) The Mortgage Loan does not have a Carve-Out Guarantor.
   
(44) The Mortgage Loan documents permit the single purpose entity principal of the borrower, any affiliated manager or any equity owner to pledge a security interest in up to 75% of the direct ownership interests in HSRE-BP, LLC, which is the owner of 100% of the direct equity interests in the borrower, to an institutional investor (as defined in the Mortgage Loan documents), subject to the satisfaction of certain terms and conditions. Please see “Description of the Mortgage Pool—Additional Indebtedness—Permitted Unsecured Debt and Other Debt” in the Preliminary Prospectus for additional information.
   
(45) The TI/LC reserve is subject to an initial cap of $550,000 (the “Initial Leasing Reserve Cap”). Following the date that the Largest Tenant, Sprouts Farmers Market, has renewed its lease for a term of at least five years, and assuming no trigger period has occurred and is continuing (a “Leasing Reserve Cap Reduction Event”), the TI/LC reserve will be subject to a cap of $300,000 (the “Reduced Leasing Reserve Cap”). The borrower is required to make monthly deposits of approximately $8,373 into the Ongoing TI/LC Reserve ($) on each Due Date until the balance in the  TI/LC reserve equals or exceeds (i) the Initial Leasing Reserve Cap (prior to a Leasing Reserve Cap Reduction Event), or (ii) the Reduced Leasing Reserve Cap (following a Leasing Reserve Cap Reduction Event).
   
(46) The Mortgaged Property is a mixed use building containing retail and office spaces. The office spaces constitute approximately 15.9% of the underwritten rent at the Mortgaged Property.
   
(47) The borrowers have the option to (i) prepay the full $117,000,000 Loan Combination on or after January 4, 2021, with payment of yield maintenance premium, or (ii) defease the full $117,000,000 Loan Combination at any time after the date that is two years from the closing date of the securitization that includes the last note to be securitized. For the purposes of the Preliminary Prospectus, the assumed lockout period of 25 payments is based on the expected Benchmark 2019-B9 securitization closing date in February 2019. The actual lockout period may be longer.
   
(48) The borrowers own the Mortgaged Property as tenants-in-common.
   
(49) The collateral includes both fee simple 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 City of San Diego as the ground lessor.  The Ground Lease Expiration Date for all of the ground lease tracts is December 31, 2070. The base rent under each ground lease is $1, which was prepaid at the beginning of the term.
   
(50) Each of the five parcels that collectively constitute the Mortgaged Property is located in an earthquake zone, with PML or SEL (%) 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.
   
(51) With respect to the Fourth Largest Tenant, 828 Events, the term of the lease covering 6,119 SF of space expires in December 2019, and the term of the lease covering 8,777 SF of space expires in May 2029.
   

 

A-15

 

Footnotes to Annex A

 

(52) The sole member of each of the five borrowers of the Loan Combination (the “Exchange Company”), has incurred five loans in the aggregate amount of $54,350,000 (the “Subordinate Loans”), made by K.I.S.S. Capital Group III, LLC, an affiliate of the related guarantor with respect to the Loan Combination, and secured by the Exchange Company’s interest in the sole member of each borrower, to finance a portion of the acquisition of the Mortgaged Property by each borrower as part of a series of “reverse” 1031 exchanges. Each of the Subordinate Loans is subject to a subordination agreement with the lender. Upon consummation of the 1031 exchange relating to each borrower in accordance with the Mortgage Loan documents, the applicable Subordinate Loans are required to be repaid or discharged, and the pledge will be released. The Loan Combination documents require the 1031 exchanges to be consummated within 180 days following the closing date, and provide for a nonrecourse carve-out for any losses sustained by the lender in connection with the 1031 exchanges. Please see “Description of the Mortgage Pool—Additional Indebtedness—Permitted Unsecured Debt and Other Debt” in the Preliminary Prospectus for additional information.
   
(53) The Mortgage Loan has an ARD of January 1, 2029 and a Final Maturity Date of June 1, 2029. From and after the ARD, the Mortgage Loan will accrue interest at an interest rate equal to the greater of (a) 7.94000% and (b) the 10-year swap yield as of the ARD plus 8.00000%; but in no event will it exceed 9.94000%.
   
(54) The borrowers own the Mortgaged Property as tenants-in-common.
   
(55) The Mortgaged Property is comprised of hotel, retail and parking parcels. These components generate 71.9%, 7.5% and 5.1% of Most Recent EGI (if past 2017) ($), respectively. The remainder of the revenue is generated by abatements of sales tax income, which abatements (i) in the case of the Rio Nuevo Multipurpose Facilities District, a special taxing district of the State of Arizona, are capped at an amount in the aggregate equal to the lesser of (A) the sum of (x) $4,300,000 plus (y) the costs incurred by the borrower to renovate, refurbish and improve the retail portion of the Mortgaged Property and (B) $7,750,000, and (ii) in the case of the City of Tucson, is scheduled to expire in July 2025.
   
(56) The Appraised Value ($) is based on the overall value conclusion of the hotel/parking garage and the retail portion of the Mortgaged Property. This overall value conclusion is inclusive of the contributory value of development incentives. The market value of the hotel/parking garage portion of the Mortgaged Property is $39,500,000 and the market value of the retail portion of the Mortgaged Property is $9,450,000, exclusive of the contributory value of development incentives, which results in a Cut-off Date LTV Ratio (%) of 81.7% and LTV Ratio at Maturity / ARD (%) of 72.9%.
   
(57) The retail portion of the Mortgaged Property was built between 1916-1928, and the hotel and parking portion was built in 2017. The retail portion was renovated most recently in 2017.
   
(58) Historical cash flow information is not available because the hotel/parking garage portion of the Mortgaged Property were built in 2017.
   
(59) The Units, Rooms, SF and Occupancy (%) relate to the hotel portion of the Mortgaged Property only.
   
(60) The lockout period will be at least 25 payment dates beginning with and including the First Due Date of February 6, 2019. Defeasance of the $40,000,000 Loan Combination is permitted prior to the open period and after the date that is the earlier to occur of (i) December 19, 2021 and (ii) two years from the closing date of the securitization that holds the last portion of Loan Combination to be securitized. For the purposes of the Preliminary Prospectus, the assumed lockout period of 25 payments is based on the expected Benchmark 2019-B9 securitization closing date in February 2019. The actual lockout period may be longer.
   
(61) The most recent cash flows are based on the Actuals for January-November 2018 / Budget December 2018 for the hotel portion of the Mortgaged Property and TTM October 2018 actuals for the retail portion.
   

 

A-16

 

 

Footnotes to Annex A

 

(62) The Largest Tenant, Hospice Care Network (Northwell), has the right to terminate its lease effective July 31, 2023 with one year’s notice and payment of a termination fee equal to $406,177.
   
(63) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to the recent leasing, contractual rent steps and the burn-off of free rent associated with leases executed or renewed previously. The Mortgaged Property had three leases commence on or after December 1, 2017 which accounted for an aggregate underwritten base rent of $383,985 inclusive of contractual rent steps.
   
(64) The borrower deposited $44,850 in the Upfront Environmental Reserve ($) at origination. If at any time the balance in the environmental reserve account is less than 150% of the cost of the environmental mitigation plan, the borrower is required to deposit an amount which would cause the environmental reserve account to equal 150% of the cost of the environmental mitigation plan.
   
(65) The Cut-off Date LTV Ratio (%), the Debt Yield on Underwritten Net Operating Income (%) and the Debt Yield on Underwritten Net Cash Flow (%) are calculated net of a $250,000 holdback reserve. The holdback reserve of $250,000 for designated replacements is required to be disbursed to the borrower upon achieving a debt yield which is equal to or exceeds 9.00%. The Cut-off Date LTV Ratio (%), the Debt Yield on Underwritten Net Operating Income (%) and the Debt Yield on Underwritten Net Cash Flow (%) calculated based on the fully funded aggregate Mortgage Loan amount of $21,000,000 are 71.2%, 9.0% and 8.8%, respectively.
   
(66) The borrower is required to make monthly deposits of approximately $9,356 into the Ongoing TI/LC Reserve ($) at all times the amount on deposit in the reserve is less than $500,000 until the TI/LC Caps ($) of $561,345 is met.
   
(67) The Mortgage Loan documents permit the members to pledge the ownership interests in the borrower, provided that, among other conditions, (i) the combined loan-to-value of the Mortgaged Property (including the mezzanine loan), does not exceed 60.7%, (ii) the combined debt service coverage ratio (including the mezzanine loan) is no less than 1.30x and (iii) the combined debt yield (including the mezzanine loan), is no less than 8.25%. See “Description of the Mortgage Pool—Additional Indebtedness” in the Preliminary Prospectus for additional information.
   
(68) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) is attributable to numerous factors including new leases to the Third Largest Tenant, Tuesday Morning, and the Fifth Largest Tenant, Brazil Terra Grill, making up approximately 13.2% of the aggregate SF and 12.1% of the underwritten base rent at the Mortgaged Property.
   
(69) The related Mortgaged Property was built in 2016 and as such no such prior financials are available.
   

 

A-17

 

 

Footnotes to Annex A

 

(70) The borrower has entered into a master lease with the Carve-Out Guarantor and Turnberry Retail Holding, L.P. for 12 spaces totaling 33,813 SF at the Mortgaged Property where executed letters of intent with tenants are in place, but executed leases are not yet in place. The master lessees are required to pay an annual rent of $3,426,159 in equal monthly installments of approximately $285,513 each during (x) a period commencing on the occurrence of the debt service coverage ratio based on the trailing four quarters falling below 1.50x for two consecutive quarters until cured in accordance with the loan documents, and/or (y) any of the following: (i) an event of default, (ii) bankruptcy of borrower, (iii) bankruptcy of the property manager or (iv) the period of time commencing on the date on which the debt service coverage ratio (as calculated in the loan documents and based on the trailing four calendar quarters) falls below 1.35x for two consecutive quarters until cured in accordance with the loan documents. The rent payable under the master lease is required to be reduced in connection with the leasing to retail tenants of space within the portions of the Mortgaged Property covered by the master lease (so long as the tenant under any such lease has taken occupancy and has commenced the payment of rent and the rent payable is above certain thresholds set forth in the master lease). The master lease will terminate on the earliest to occur of (i) the earlier to occur of (A) the date on which the annual rent under the master lease is reduced to $0 or (B) the date on which the annualized lease payments under all leases (not including percentage rent) at the Mortgaged Property exceeds $181,850,000; (ii) July 1, 2038; or (iii) the date on which the cancellation fee made by the master lessee to the lender in connection with cancelling the master lease at the master lessee’s election after the lender has provided notice that the lender has succeeded to the interest of the master lessor under the master lease by foreclosure, deed in lieu thereof or otherwise.
   
(71) If the Loan Combination’s debt service coverage ratio (calculated in accordance with the Loan Combination documents) falls below 1.50x for two consecutive calendar quarters, monthly escrows for real estate taxes, insurance premiums (waived if a blanket policy is in place and there is no event of default continuing), replacement funds ($0.20 per SF annually, subject to a cap of $487,003) and tenant rollover funds ($2.50 per SF annually, subject to a cap of approximately $6,087,540) are required to be collected under the Loan Combination documents.   
   
(72) The obligations and liabilities of the Carve-Out Guarantor under the nonrecourse carve-out guaranty are capped at $350,000,000 in the aggregate, plus all of the reasonable, out-of-pocket costs and expenses (including, but not limited to, court costs and fees and reasonable attorney’s fees) incurred by the lender in connection with the enforcement of, or preservation of lender’s rights under the guaranty.
   
(73) The Loan Combination documents permit the pledge of direct or indirect equity interests in the borrower to secure a corporate or parent level credit facility from one or more financial institutions involving multiple underlying real estate assets, so long as the value of the property does not, in the aggregate, represent more than 20% of the value of all the collateral to be pledged, encumbered, granted or otherwise assigned or given as collateral for such corporate or parent level credit facility. There is no requirement for an intercreditor agreement.
   
(74) The Loan Combination documents permit the borrower to enter into a PACE loan for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and rating agency confirmation.
   
(75) Underwritten Net Operating Income ($) is over 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to, among other things, contractual rent steps underwritten through June 2019 for existing leases and rents from leases that are out for signature that are covered under the master lease.
   
(76) Borrower is required to deposit $5,107 into the Ongoing Other Reserve ($) on each Due Date during the calendar months of March through November. The lender may reassess its estimate of the seasonal working capital reserve deposit on or before February 15th of each year during the Mortgage Loan term commencing with February 2020 provided that the lender’s estimate of the Monthly Debt Service ($) cannot exceed $84,597.  
   

 

A-18

 

Footnotes to Annex A

 

(77) The replacement reserve will be funded at a rate of the greater of (i) 2% of the Mortgaged Property’s revenue for the first two years, (ii) 3% of the Mortgaged Property’s revenue for the third year, and (iii) 4% of the Mortgaged Property’s revenue thereafter or as required by the franchise agreement.
   
(78) Historical cash flow information is not available because the Mortgaged Property was built in 2017.
   
(79) The Mortgaged Property’s tax lot parcel previously included three hotels (all owned by the borrower sponsor) which has been formally split prior to the origination of the Mortgage Loan; however, for tax purposes this change will not be effective until mid-2019. To mitigate this risk, the lender required the borrower to escrow taxes for all three parcels until the new tax lot assigned become effective.
   
(80) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to the recently leasing and contractual rent steps at the Mortgaged Property. The Mortgaged Property had three leases commence on or after May 1, 2018 which accounted for an aggregate underwritten base rent of $99,271 inclusive of rent steps.
   
(81) The Third Largest Tenant, Aurotech Inc., leases 6,284 SF of space that expires on November 30, 2027 and leases 2,342 SF of space that expires on January 31, 2024.
   
(82) The related Mortgaged Property was built in 2017 and as such there are no prior financials.
   
(83) The Mortgaged Property is newly acquired, and no historical financials were provided at origination.
   
(84) The Mortgaged Property was renovated in 2017, and limited historical financials were provided at origination.
   
(85) The Appraised Value ($) for the Mortgaged Property represents the “as stabilized” appraised value as of December 1, 2018, which is the date that the construction of the retail portion of the Mortgaged Property was completed. The “as-is” appraised value of the Mortgaged Property as of November 2, 2018 is $18,650,000, which results in a Cut-off Date LTV Ratio (%) of 65.2% and LTV Ratio at Maturity / ARD (%) of 65.2%.
   
(86) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) is attributable to the fact that the Mortgaged Property was built in 2018 and Underwritten Net Operating Income ($) accounts for expected ramp up.
   
(87) In addition to the 27 multifamily units at the Mortgaged Property, there are two retail units occupied by Laughing Planet and Ling Garden. The retail tenants account for 13.3% of aggregate Underwritten EGI ($) at the Mortgaged Property.
   
(88) Historical cash flow information is not available because the Mortgaged Property was built in 2018.
   
(89) The Mortgaged Property opened in 2016, and limited historical financials were provided at origination.
   
(90) The Mortgage Loan documents permit the members to pledge the ownership interests in the borrower, provided that, among other conditions, (i) the loan-to-value ratio of the Mortgaged Property (including the mezzanine loan), does not exceed 66.7%, and (ii) the projected combined debt service coverage ratio for the 12-month period following the making of the mezzanine loan is no less than 1.68x. See “Description of the Mortgage Pool—Additional Indebtedness” in the Preliminary Prospectus for additional information.
   

 

A-19

 

Footnotes to Annex A

 

(91) The Mortgage Loan is an ARD loan with an ARD of December 6, 2028 and a final maturity date of December 6, 2030. From and after the ARD, the Mortgage Loan accrues interest at a fixed rate equal to the greater of (i) 5.04800% (the “Initial Interest Rate”), or when applicable, the default rate, plus 2.00000%, (ii) the 10-year swap rate calculated by the linear interpolation of mid-market swap yields, as reported on Reuters Capital Markets screen 19901 (SEMI-BOND column), as of the date immediately following the ARD plus 2.00000% (the “Adjusted Interest Rate”); however, interest accrued at the excess of the Adjusted Interest Rate over the Initial Interest Rate (the “Accrued Interest”) will be deferred. From and after the ARD, all excess cash flow from the Mortgaged Property after the payment of reserves, interest calculated at the Initial Interest Rate and operating expenses will be applied (i) first to repay the principal balance of the Mortgage Loan and (ii) second to the payment of Accrued Interest.
   
(92) Historical cash flow information is not available because historical operating statements were not provided by the seller.
   
(93) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) is attributable to the fact that the Second Largest Tenant, Centene Corporation (50% of net rentable area), prepaid about $70,000 in rent and this credit was applied to their rental income in March and April 2018.
   
(94) The Mortgaged Property was renovated in 2018, and limited historical financials were provided at origination.
   
(95) The sole tenant, Birkenstock, has a one-time right to terminate its lease on or after December 6, 2021, with one year’s prior written notice and payment of a termination fee in an amount equal to the aggregate base rent that would have been payable for the one year period immediately succeeding the applicable termination date.
   
(96) Appraised Value ($) represents the “As-Is Assuming PIP is Escrowed” value of $21,800,000 for the Mortgaged Property, effective December 11, 2018, which assumes at least $2,200,000 for capital expenditures have been fully escrowed and will be available to fund the proposed capital improvements following the borrower’s purchase of the Mortgaged Property. The “As-Is” appraised value as of December 11, 2018 is $19,800,000, which reflects a deduction for the projected capital expenditures, assuming that the borrower would have to fund the capital improvements following the closing of the purchase of the Mortgaged Property and results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 53.0% and 47.1%, respectively.
   
(97) The franchise agreement permits both the franchisor and the borrower to terminate the agreement without cause on July 26, 2022 with 12 months’ prior written notice.
   
(98) The borrower is required to make monthly deposits into the Ongoing Replacement Reserve ($) in an amount equal to (i) with respect to the First Due Date and each Due Date thereafter up to and including the Due Date occurring on January 1, 2020, an amount equal to 1% of gross income from operations for the calendar month two months prior to such Due Date, (ii) with respect to the Due Date occurring on February 1, 2020 and on each Due Date up to and including the Due Date occurring on January 1, 2021, an amount equal to 2% of gross income from operations for the calendar month two months prior to such Due Date, (iii) with respect to the Due Date occurring on February 1, 2021 and on each Due Date up to and including the Due Date occurring on January 1, 2022, an amount equal to 3% of gross income from operations for the calendar month two months prior to such Due Date and (iv) with respect to the Due Date occurring on February 1, 2022 and on each Due Date thereafter, an amount equal to 4% of gross income from operations for the calendar month two months prior to such Due Date.
   

 

A-20

 

Footnotes to Annex A

 

(99) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) which is attributable to the fact that since acquiring the Mortgaged Property in 2017, the sponsor eliminated excess expenses from other properties and reduced delinquent accounts from over 140 to 42. Occupancy (%) declined due to the sponsor removing delinquent tenants and re-leasing a significant portion of the rent roll.
   
(100) Historical cash flow information is not available because historical operating statements were not provided by the seller.
   
(101) The Second Largest Tenant, US Postal Service, has the right to terminate its lease upon 365 days’ notice to the lender. The Third Largest Tenant, United States of America, has the right to terminate its lease, with delivery of not less than 60 days’ notice to the lender.
   
(102) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) is attributable to rent steps underwritten through August 1, 2019.
   
(103) The Mortgage Loan documents permit the members to pledge the ownership interests in the borrower, provided that, among other conditions, (i) the combined loan-to-value of the Mortgaged Property (including the mezzanine loan), does not exceed 71.7%, (ii) the combined debt service coverage ratio (including the mezzanine loan) is no less than 1.67x and (iii) the combined debt yield (including the mezzanine loan) is no less than 10.6%. See “Description of the Mortgage Pool—Additional Indebtedness” in the Preliminary Prospectus for additional information.
   
(104) The Third Largest Tenant, POIC, has a one-time termination option with effective date 2/28/2022. Tenant must give six-months’ notice to terminate and pay a penalty of $326,756.
   
(105) The related Mortgaged Property was renovated from 2016-2017 and as such historical financials prior to the renovation were not provided to the lender.
   
(106) On each Due Date, the borrower is required to deposit into the Ongoing Replacement Reserve ($) the greater of (A) the amount required under the then-existing franchise agreement and (B) an amount equal to (i) commencing on the Due Date in March 2020 through the Due Date in February 2021, 1/12th of 1.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget, (ii) commencing on the Due Date in March 2021 and ending on and including the Due Date in February 2022, 1/12th of 2.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget, (iii) commencing on the Due Date in March 2022 and ending on and including the Due Date in February 2023, 1/12th of 3.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget and  (iv) commencing on the Due Date in March 2023 and on each Due Date thereafter, 1/12th of 4.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget.
   
(107) The Mortgaged Property has a membership agreement with Best Western which expires on November 30, 2019, but automatically renews each year. The membership agreement is able to be terminated at any time.
   
(108) The Mortgaged Property’s Appraised Value ($) represents the “as complete” appraised value as of October 15, 2019, which assumes that the Mortgaged Property will undergo a $3,030,000 change of ownership PIP in connection with the acquisition.  At origination, the lender reserved $2,963,312 in the Upfront Other Reserve ($) for the PIP. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based on the Mortgaged Property’s Appraised Value ($) of $10,400,000.  The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the “as-is” appraised value of $7,200,000, which excludes the completion of the PIP, are 85.3% and 70.7%, respectively.
   

 

A-21

 

Footnotes to Annex A

 

(109) The Mortgaged Property’s Appraised Value ($) represents the “as stabilized” appraised value as of October 1, 2019, which assumes that the Mortgaged Property will reach a stabilized occupancy. At the time of valuation, the Largest Tenant, Cooper Standard, had not yet taken occupancy of their space at the Mortgaged Property, although the lease was executed.  At origination, the lender reserved $416,016 in the Upfront Other Reserve ($) for unfunded obligations and an additional $53,154 for gap rent for Cooper Standard. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based on the Mortgaged Property’s Appraised Value ($) of $8,300,000.  The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the “as-is” appraised value of $7,500,000, which excludes the stabilization assumption, are 67.9% and 56.3%, respectively.
   
(110) The Largest Tenant, Cooper Standard, has a one-time right to terminate its lease no earlier than November 30, 2025 with nine months written notice and payment of (i) the unamortized TI allowance and brokerage commissions discounted at 8% interest and (ii) two months base rent in the amount due in the month prior to the termination date.
   
(111) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to the recently executed lease of the Largest Tenant, Cooper Standard, which commenced on December 1, 2018, which accounts for $318,924 of underwritten base rent.
   
(112) Ongoing TI/LC Reserve ($) deposits are waived so long as (i) all of the Mortgaged Property is occupied by the sole tenant, GRM, (ii) no default, event of default or trigger event has occurred and is continuing, (iii) the GRM lease is in full force and effect and has not expired or terminated, and (iv) there is no default under the GRM lease by GRM.
   
(113) The Mortgage Loan documents permit the members to pledge the ownership interests in the borrower, provided that, among other conditions, (i) the loan-to-value ratio of the Mortgaged Property (including the mezzanine loan), does not exceed 64.69% and (ii) the projected combined debt service coverage ratio for the 12-month period following the making of the mezzanine loan is no less than 1.85x. See “Description of the Mortgage Pool—Additional Indebtedness” in the Preliminary Prospectus for additional information.
   
(114) On the Due Date that is 14 months prior to the Maturity Date / ARD of the Mortgage Loan (the “Extension PIP Deposit Commencement Date”) and thereafter, the borrower is required to make monthly deposits into the Ongoing Replacement Reserve ($) of an amount equal to $75,000 (the “Extension PIP Monthly Deposit”) for replacements and repairs to be required under any property improvement plan required by the franchisor in connection with the extension of the franchise agreement or any replacement franchise agreement (the “Extension PIP Replacements”). If the lender has received on the Extension PIP Deposit Commencement Date satisfactory evidence that the borrower has spent at least $500 per key on maintenance and FF&E at the Mortgaged Property (excluding any amounts deposited into the Ongoing Replacement Reserve ($) for FF&E and not disbursed for FF&E replacements) during each three-year period during the term of the Mortgage Loan, funds on deposit in the Ongoing Replacement Reserve ($) for FF&E may, at the borrower’s option, be used for Extension PIP Replacements and the Extension PIP Monthly Deposit will be reduced accordingly.
   
(115) The Mortgaged Property’s Underwritten Net Operating Income ($) is at least 10% higher than the Most Recent NOI (if past 2017) ($) primarily due to the recently leasing and contractual rent steps at the Mortgaged Property. The Mortgaged Property had three leases commence on or after September 1, 2018 which accounted for an aggregate underwritten base rent of $131,542 inclusive of rent steps.
   
(116) The Second Largest Tenant, Zeiss Metrology, leases 5,656 SF of space that expires on October 31, 2019 and leases 2,837 SF of space that expires on April 18, 2020. The Third Largest Tenant, Hamaton Inc., leases 5,656 SF of space that expires on October 31, 2021 and leases 2,837 SF of space that expires on July 31, 2022.
   

 

A-22

 

Footnotes to Annex A

 

(117) On each Due Date, the borrower is required to deposit $606 into the Ongoing Replacement Reserve ($) account commencing on the First Due Date in February 2019 through the Due Date in January 2025. On the Due Date in February 2025 through and including the Due Date in January 2026 the borrower is required to deposit $930 into the Ongoing Replacement Reserve ($) account. Commencing on the Due Date in February 2026, the borrower is not required to deposit anything into the Ongoing Replacement Reserve ($) account.
   
(118) The related Mortgaged Property was built in 2018 and as such historical financials are not available.
   
(119) The related Mortgaged Property was renovated in 2018 and as such historical financials prior to the renovation were not provided to the lender.

 

A-23

 

 
MORTGAGE POOL CHARACTERISTICS
   
Mortgage Pool Characteristics  
Initial Pool Balance $883,517,820
Number of Mortgage Loans 50
Number of Mortgaged Properties 88
Average Cut-off Date Mortgage Loan Balance $17,670,356
Weighted Average Mortgage Interest Rate 5.02182%
Weighted Average Remaining Term to Maturity (months) 117
Weighted Average Remaining Amortization Term (months) 356
Weighted Average Cut-off Date LTV Ratio 62.2%
Weighted Average Maturity Date LTV Ratio 58.1%
Weighted Average Underwritten NCF Debt Service Coverage Ratio 1.72x
Weighted Average Debt Yield on Underwritten NOI 10.4%

 

 

 

 

COLLATERAL OVERVIEW
         
Mortgage Loans by Loan Seller        
Mortgage Loan Seller Mortgage Loans Mortgaged
Properties		 Aggregate Cut-off
Date Balance ($)		 % of Initial Pool Balance
Citi Real Estate Funding Inc. 25 42 441,277,378 49.9%
German American Capital Corporation 14 35 255,000,323 28.9%
JPMorgan Chase Bank, National Association 11 11 187,240,118 21.2%
Total 50 88 883,517,820 100.0%
               
Top 10 Mortgage Loans              
Top 10 Mortgage Loans Loan Seller Cut-off Date Balance ($) % of Initial Pool Balance Cut-off Date LTV Ratio UW NOI Debt Yield UW NCF DSCR Property Type
3 Park Avenue CREFI 88,000,000 10.0% 36.0% 10.0% 1.84 Office
Country Club Plaza CREFI 47,000,000 5.3% 61.8% 11.2% 1.90 Office
Plymouth Corporate Center GACC 47,000,000 5.3% 68.0% 11.5% 1.54 Office
Kawa Mixed Use Portfolio CREFI 36,500,000 4.1% 65.8% 9.8% 1.85 Various
Staples Strategic Industrial GACC 35,000,000 4.0% 62.6% 9.5% 1.72 Industrial
210 East 39th Street GACC 33,900,000 3.8% 64.8% 6.9% 1.30 Multifamily
Fairbridge Office Portfolio CREFI 32,750,000 3.7% 73.8% 11.9% 1.66 Office
10 Brookline Place JPMCB 32,000,000 3.6% 49.4% 10.2% 2.19 Office
Oracle Crossings CREFI 30,795,000 3.5% 74.0% 9.3% 1.41 Retail
Liberty Station Retail JPMCB 30,000,000 3.4% 68.8% 8.0% 1.45 Retail
       
Property Types      
Property Type / Detail Number of Mortgaged
Properties		 Aggregate Cut-off
Date Balance ($)		 % of Initial Pool
Balance
Office 16 356,736,538 40.4%
Suburban 10 211,073,728 23.9%
CBD 3 116,773,826 13.2%
Medical 3 28,888,985 3.3%
Retail 30 177,885,323 20.1%
Anchored 7 110,997,113 12.6%
Single Tenant Retail 19 45,463,612 5.1%
Super Regional Mall 1 15,000,000 1.7%
Unanchored 3 6,424,598 0.7%
Hospitality 8 91,104,252 10.3%
Limited Service 6 65,066,871 7.4%
Select Service 1 13,487,380 1.5%
Extended Stay 1 12,550,000 1.4%
Industrial 14 90,257,414 10.2%
Flex 5 50,277,493 5.7%
Warehouse/Distribution 9 39,979,921 4.5%
Multifamily 4 77,305,000 8.7%
Garden 3 43,405,000 4.9%
High-Rise 1 33,900,000 3.8%
Self Storage 11 64,125,000 7.3%
Mixed Use 5 26,104,293 3.0%
Retail/Office 4 19,098,253 2.2%
Office/Education 1 7,006,040 0.8%
Total 88 883,517,820 100.0%
Geographic Distribution      
Property Location Number of Mortgaged
Properties		 Aggregate Cut-off
Date Balance ($)		 % of Initial Pool
Balance
New York 6 172,790,052 19.6%
Arizona 5 80,413,909 9.1%
Illinois 8 76,778,679 8.7%
New Jersey 4 64,750,000 7.3%
California 3 60,295,000 6.8%
Florida 3 54,800,000 6.2%
Minnesota 6 51,045,937 5.8%
Massachusetts 1 32,000,000 3.6%
Michigan 5 31,544,427 3.6%
Maryland 2 22,614,512 2.6%
Indiana 4 22,055,900 2.5%
Georgia 2 21,100,000 2.4%
Oregon 2 20,405,000 2.3%
Washington 1 19,000,000 2.2%
Iowa 5 18,773,245 2.1%
Missouri 7 18,280,265 2.1%
Mississippi 3 18,032,168 2.0%
Nebraska 1 15,873,826 1.8%
Texas 1 12,250,000 1.4%
North Carolina 4 10,872,396 1.2%
South Carolina 2 10,286,443 1.2%
South Dakota 1 8,400,000 1.0%
Oklahoma 1 7,200,000 0.8%
Pennsylvania 1 6,750,000 0.8%
Louisiana 2 4,818,449 0.5%
Kentucky 1 4,525,000 0.5%
Ohio 1 4,302,141 0.5%
Tennessee 2 3,885,212 0.4%
Connecticut 2 3,538,858 0.4%
Wisconsin 1 3,136,400 0.4%
Nevada 1 3,000,000 0.3%
Total 88 883,517,820 100.0%
Distribution of Amortization Types      
Amortization Type Number of Mortgage
Loans		 Cut-off Date
Balance ($)		 % of Initial Pool
Balance
Interest Only 17 408,781,000 46.3%
Interest Only, Then Amortizing 17 283,246,000 32.1%
Amortizing (30 Years) 11 90,403,899 10.2%
Interest Only - ARD 2 62,250,000 7.0%
Amortizing (25 Years) 2 27,079,921 3.1%
Interest Only, Then Amortizing - ARD 1 11,757,000 1.3%
Total 50 883,517,820 100.0%