FWP 1 n1610_anxa1-x3.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
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    REGISTRATION FILE NO.: 333-226082-02
     

 

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GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Originator Mortgage Loan Seller Related Group Crossed Group Address City State Zip Code General Property Type Detailed Property Type
1 Loan 8, 9, 10, 11, 12 101 California Street GSMC, JPMCB GSMC NAP NAP 101 California Street San Francisco California 94111 Office CBD
2 Loan 8, 13, 14 59 Maiden Lane CREFI CREFI NAP NAP 59 Maiden Lane New York New York 10038 Office CBD
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V GSBI, DBNY GSMC NAP NAP 1180 Discovery Way Sunnyvale California 94089 Office General Suburban
4 Loan 8 Albertsons Industrial - PA GSMC GSMC NAP NAP 500 South Muddy Creek Road Denver Pennsylvania 17517 Industrial Warehouse/Distribution
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center GSBI, BANA GSMC NAP NAP 413 North Alafaya Trail Orlando Florida 32828 Retail Anchored
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio CREFI CREFI NAP NAP            
6.01 Property   Residence Inn Salt Lake City         285 West Broadway Salt Lake City Utah 84101 Hospitality Limited Service
6.02 Property 26 Hampton Inn Santa Barbara         5665 Hollister Avenue Goleta California 93117 Hospitality Limited Service
6.03 Property 26, 27 Hampton Inn Bloomington         2860 Metro Drive Bloomington Minnesota 55425 Hospitality Limited Service
6.04 Property 26 Hampton Inn Norwood         434 Providence Highway Norwood Massachusetts 02062 Hospitality Limited Service
6.05 Property 27 Springhill Suites Bloomington         2870 Metro Drive Bloomington Minnesota 55425 Hospitality Select Service
6.06 Property   Hyatt Place Arlington         2380 Road to Six Flags Street East Arlington Texas 76011 Hospitality Limited Service
7 Loan 8, 28, 29, 30, 31, 32 365 Bond GSBI GSMC NAP NAP 365 Bond Street Brooklyn New York 11231 Multifamily High-Rise
8 Loan 8, 10 Lakeside Apartments CREFI CREFI NAP NAP 4800 Lake Trail Drive Lisle Illinois 60532 Multifamily Garden
9 Loan 33, 34, 35 RR America Portfolio GSMC GSMC NAP NAP            
9.01 Property   Grifols - Bellflower, CA         16227 Lakewood Boulevard Bellflower California 90706 Office Medical
9.02 Property   Grifols - San Antonio, TX         500 North Flores Street San Antonio Texas 78205 Office Medical
9.03 Property   Grifols - Greenville, NC         505 South Memorial Drive Greenville North Carolina 27834 Office Medical
9.04 Property   Kedrion - Longview, TX         1501 South High Street Longview Texas 75602 Office Medical
9.05 Property   Kedrion - Sarasota, FL         3900 North Lockwood Ridge Road Sarasota Florida 34234 Office Medical
9.06 Property   Grifols - Alexandria, LA         800 Jackson Street Alexandria Louisiana 71301 Office Medical
9.07 Property   Grifols - Anderson, IN         3533 South Scatterfield Road Anderson Indiana 46013 Office Medical
9.08 Property   Grifols - Flint, MI         2840 South Dort Highway Flint Michigan 48507 Office Medical
9.09 Property   Grifols - El Paso, TX         8631 North Loop Drive El Paso Texas 79907 Office Medical
9.10 Property   Grifols - Nashville, TN         3748 Nolensville Pike Nashville Tennessee 37211 Office Medical
9.11 Property   CSL - Davenport, IA         518 Brady Street Davenport Iowa 52801 Office Medical
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments CREFI CREFI NAP NAP 1965 East 6th Street Cleveland Ohio 44114 Mixed Use Multifamily/Retail
11 Loan   Pacific Corporate Center GSMC GSMC NAP NAP 7005 Southfront Road, 7401 & 7545 Longard Road and 501 Lawrence Drive Livermore California 94551 Industrial Manufacturing
12 Loan   1900 Midtown - Boca Raton CREFI CREFI NAP NAP 1900 North West Corporate Boulevard Boca Raton Florida 33431 Office General Suburban
13 Loan 8, 41 Tulsa Office Portfolio CREFI CREFI NAP NAP            
13.01 Property   Exchange Tower         4500 South Garnett Road Tulsa Oklahoma 74146 Office General Suburban
13.02 Property   Towne Center         10810-10830 East 45th Street Tulsa Oklahoma 74146 Office General Suburban
13.03 Property   Two Memorial Place         8023 East 63rd Place Tulsa Oklahoma 74133 Office CBD
13.04 Property   Triad Center I         7666 East 61st Street Tulsa Oklahoma 74133 Office General Suburban
13.05 Property   Corporate Place         5800 East Skelly Drive Tulsa Oklahoma 74135 Office General Suburban
13.06 Property   The 51 Yale Building         5110 South Yale Avenue Tulsa Oklahoma 74135 Office General Suburban
13.07 Property   Commerce Tower         5801 East 41st Street Tulsa Oklahoma 74135 Office General Suburban
13.08 Property   Riverbridge Office         1323 East 71st Street Tulsa Oklahoma 74136 Office General Suburban
13.09 Property   Three Memorial Place         7615 East 63rd Place Tulsa Oklahoma 74133 Office General Suburban
14 Loan   Hopkinsville Towne Center GSMC GSMC NAP NAP 4875 Fort Campbell Boulevard Hopkinsville Kentucky 42240 Retail Anchored
15 Loan 8, 42, 43 Soho Beach House CREFI CREFI NAP NAP 4385 Collins Avenue Miami Beach Florida 33140 Mixed Use Hospitality/Other
16 Loan 8, 13, 44, 45, 46 57 East 11th Street CREFI CREFI NAP NAP 57 East 11th Street New York New York 10003 Mixed Use Office/Retail
17 Loan   Borel Square Shopping Center GSBI GSMC NAP NAP 1750 South El Camino Real and 35-93 Bovet Road San Mateo California 94402 Retail Anchored
18 Loan 47, 48 Cordata Center GSMC GSMC NAP NAP 4299 Meridian Street Bellingham Washington 98226 Retail Anchored
19 Loan 49, 50 Rosewood Inn of the Anasazi CREFI CREFI NAP NAP 113 Washington Avenue Santa Fe New Mexico 87501 Hospitality Full Service
20 Loan 51 42 Crosby Street CREFI CREFI NAP NAP 42 Crosby Street New York New York 10012 Retail Unanchored
21 Loan   NY & PA Self Storage Portfolio CREFI CREFI NAP NAP            
21.01 Property   Extra Space - Ballston Spa         75 Brookline Road Ballston Spa New York 12020 Self Storage Self Storage
21.02 Property   Longacres Self Storage         485 King Road New Britain Pennsylvania 18901 Self Storage Self Storage
22 Loan   Walgreens Flushing & Steinway Mixed Use CREFI CREFI NAP NAP            
22.01 Property   Walgreens Flushing         73-15 Kissena Boulevard Kew Gardens Hills New York 11367 Retail Single Tenant Retail
22.02 Property   30-59 Steinway Street         30-59 & 61 Steinway Street Astoria New York 11107 Mixed Use Retail/Multifamily
23 Loan   Shoprite at Greenport CREFI CREFI NAP NAP 351 Fairview Avenue Hudson New York 12534 Retail Single Tenant Retail
24 Loan 52 Fairview Centre GSMC GSMC NAP NAP 21593 Lorain Road Fairview Park Ohio 44126 Retail Anchored
25 Loan 53, 54, 55 Canal Place GSBI GSMC NAP NAP 520 South Main Street Akron Ohio 44311 Office General Suburban
26 Loan   Walgreens EJR Portfolio CREFI CREFI NAP NAP            
26.01 Property   Walgreens - Minnesota         915 Wildwood Road White Bear Lake Minnesota 55115 Retail Single Tenant Retail
26.02 Property   Walgreens - New York         6189 State Route 31 Cicero New York 13039 Retail Single Tenant Retail
26.03 Property   Walgreens - Texas         500 Maxey Road Houston Texas 77013 Retail Single Tenant Retail
27 Loan 56 2325 Crenshaw Boulevard GSMC GSMC NAP NAP 2325 Crenshaw Boulevard Torrance California 90501 Office General Suburban
28 Loan   Gilbert Crossing CREFI CREFI NAP NAP 835-865 North Gilbert Road & 50 East Guadalupe Road Gilbert Arizona 85234 Retail Anchored
29 Loan   American Blue Ribbon HQ CREFI CREFI NAP NAP 3038 Sidco Drive Nashville Tennessee 37204 Office General Suburban
30 Loan   22 & 24 Wyckoff Avenue CREFI CREFI NAP NAP 22 & 24 Wyckoff Avenue Brooklyn New York 11237 Retail Unanchored
31 Loan   Maxatawny Marketplace GSMC GSMC NAP NAP 15100 Kutztown Road Kutztown Pennsylvania 19530 Retail Anchored
32 Loan 57 Colson Portfolio GSBI GSMC NAP NAP            
32.01 Property 57 203 Kerth Street         203 Kerth Street Saint Joseph Michigan 49085 Industrial Manufacturing
32.02 Property 57 505 North Edmonds Street         505 North Edmonds Street Monette Arkansas 72447 Industrial Manufacturing
33 Loan   Shops on Garth CREFI CREFI NAP NAP 5623 Garth Road Baytown Texas 77521 Retail Shadow Anchored
34 Loan 58 WoodSpring Suites Jacksonville GSMC GSMC NAP NAP 3425 Saland Way Jacksonville Florida 32246 Hospitality Extended Stay
35 Loan 59, 60, 61, 62 The Shops at Bee Cave CREFI CREFI NAP NAP 3944 Ranch Road 620 South Bee Cave Texas 78738 Retail Unanchored
36 Loan 63 Fresenius Medical Center East Peoria CREFI CREFI NAP NAP 415 Richland Street East Peoria Illinois 61611 Office Medical

 

A-1-1

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Year Built Year Renovated Units, Rooms, Sq Ft Unit Description Loan Per Unit ($) Ownership Interest Original Balance ($) Cut-off Date Balance ($) Allocated Cut-off Date Loan Amount ($) % of Initial Pool Balance Balloon Balance ($)
1 Loan 8, 9, 10, 11, 12 101 California Street 1983 2004 1,251,483 SF 421.10 Fee Simple 77,500,000 77,500,000 77,500,000 9.7% 77,500,000
2 Loan 8, 13, 14 59 Maiden Lane 1965 2011 1,017,913 SF 196.48 Fee Simple 75,000,000 75,000,000 75,000,000 9.3% 75,000,000
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 2019 NAP 350,633 SF 484.84 Fee Simple 65,000,000 65,000,000 65,000,000 8.1% 65,000,000
4 Loan 8 Albertsons Industrial - PA 1999 2018 1,539,407 SF 49.85 Fee Simple 61,732,500 61,732,500 61,732,500 7.7% 61,732,500
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 1998 NAP 691,265 SF 260.39 Fee Simple 55,000,000 55,000,000 55,000,000 6.9% 45,021,266
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio     815 Rooms 122,699.39   50,000,000 50,000,000 50,000,000 6.2% 50,000,000
6.01 Property   Residence Inn Salt Lake City 1996 2014 189 Rooms   Fee Simple     11,200,000    
6.02 Property 26 Hampton Inn Santa Barbara 2007 2017 101 Rooms   Fee Simple     10,600,000    
6.03 Property 26, 27 Hampton Inn Bloomington 2007 2014 146 Rooms   Fee Simple     8,350,000    
6.04 Property 26 Hampton Inn Norwood 1984 2015, 2017 139 Rooms   Fee Simple     7,950,000    
6.05 Property 27 Springhill Suites Bloomington 2007 2014 113 Rooms   Fee Simple     6,650,000    
6.06 Property   Hyatt Place Arlington 1996 2015 127 Rooms   Fee Simple     5,250,000    
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 2016 NAP 430 Units 255,813.95 Fee Simple 45,000,000 45,000,000 45,000,000 5.6% 45,000,000
8 Loan 8, 10 Lakeside Apartments 1971 2009, 2013-2018 568 Units 123,239.44 Fee Simple 35,000,000 35,000,000 35,000,000 4.4% 35,000,000
9 Loan 33, 34, 35 RR America Portfolio     157,415 SF 156.66   24,700,000 24,660,348 24,660,348 3.1% 18,672,846
9.01 Property   Grifols - Bellflower, CA 2013 NAP 15,218 SF   Fee Simple     4,119,888    
9.02 Property   Grifols - San Antonio, TX 1965 2011 15,436 SF   Fee Simple     3,418,606    
9.03 Property   Grifols - Greenville, NC 1996 2015 12,525 SF   Fee Simple     2,278,028    
9.04 Property   Kedrion - Longview, TX 1973 2016 14,120 SF   Fee Simple     2,139,861    
9.05 Property   Kedrion - Sarasota, FL 2003 2015 10,170 SF   Fee Simple     2,112,625    
9.06 Property   Grifols - Alexandria, LA 2015 NAP 15,615 SF   Fee Simple     1,959,035    
9.07 Property   Grifols - Anderson, IN 2015 NAP 14,821 SF   Fee Simple     1,864,470    
9.08 Property   Grifols - Flint, MI 2015 NAP 15,528 SF   Fee Simple     1,858,567    
9.09 Property   Grifols - El Paso, TX 2015 NAP 15,551 SF   Fee Simple     1,748,022    
9.10 Property   Grifols - Nashville, TN 1977 2016 18,081 SF   Fee Simple     1,643,412    
9.11 Property   CSL - Davenport, IA 2016 NAP 10,350 SF   Fee Simple     1,517,834    
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 1895 2017 123 Units 196,300.81 Fee Simple 24,145,000 24,145,000 24,145,000 3.0% 21,469,123
11 Loan   Pacific Corporate Center 2002 NAP 168,636 SF 120.67 Fee Simple 20,350,000 20,350,000 20,350,000 2.5% 20,350,000
12 Loan   1900 Midtown - Boca Raton 1982 2009, 2017-2018 116,111 SF 172.25 Fee Simple 20,000,000 20,000,000 20,000,000 2.5% 17,600,973
13 Loan 8, 41 Tulsa Office Portfolio     1,026,650 SF 47.31   20,000,000 19,956,948 19,956,948 2.5% 16,580,894
13.01 Property   Exchange Tower 1981 2000 166,612 SF   Fee Simple     4,827,798    
13.02 Property   Towne Center 1980 NAP 189,450 SF   Fee Simple     3,751,537    
13.03 Property   Two Memorial Place 1982 NAP 135,346 SF   Fee Simple     3,259,532    
13.04 Property   Triad Center I 1982 NAP 138,708 SF   Fee Simple     1,660,516    
13.05 Property   Corporate Place 1973 2009-2012 118,817 SF   Fee Simple     1,660,516    
13.06 Property   The 51 Yale Building 1984 NAP 72,197 SF   Fee Simple     1,629,766    
13.07 Property   Commerce Tower 1981 NAP 96,359 SF   Fee Simple     1,322,263    
13.08 Property   Riverbridge Office 1984 NAP 66,448 SF   Fee Simple     1,014,760    
13.09 Property   Three Memorial Place 1982 NAP 42,713 SF   Fee Simple     830,258    
14 Loan   Hopkinsville Towne Center 2017 NAP 184,786 SF 97.80 Fee Simple 18,200,000 18,071,339 18,071,339 2.3% 14,990,251
15 Loan 8, 42, 43 Soho Beach House 1942 2010 49 Rooms 1,122,448.98 Fee Simple 15,000,000 15,000,000 15,000,000 1.9% 15,000,000
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 1903 2018 61,375 SF 896.13 Fee Simple 15,000,000 15,000,000 15,000,000 1.9% 15,000,000
17 Loan   Borel Square Shopping Center 1967 NAP 92,813 SF 161.62 Fee Simple 15,000,000 15,000,000 15,000,000 1.9% 15,000,000
18 Loan 47, 48 Cordata Center 1991 2018 133,326 SF 108.01 Fee Simple 14,400,000 14,400,000 14,400,000 1.8% 12,714,524
19 Loan 49, 50 Rosewood Inn of the Anasazi 1991 2014-2015 58 Rooms 224,137.93 Fee Simple and Leasehold 13,000,000 13,000,000 13,000,000 1.6% 13,000,000
20 Loan 51 42 Crosby Street 2017 NAP 3,736 SF 3,479.66 Fee Simple 13,000,000 13,000,000 13,000,000 1.6% 13,000,000
21 Loan   NY & PA Self Storage Portfolio     117,715 SF 104.91   12,350,000 12,350,000 12,350,000 1.5% 10,836,560
21.01 Property   Extra Space - Ballston Spa 2002-2004, 2007 NAP 77,965 SF   Fee Simple     8,950,000    
21.02 Property   Longacres Self Storage 1984, 1999 NAP 39,750 SF   Fee Simple     3,400,000    
22 Loan   Walgreens Flushing & Steinway Mixed Use     25,869 SF 463.88   12,000,000 12,000,000 12,000,000 1.5% 10,316,999
22.01 Property   Walgreens Flushing 2009 NAP 7,800 SF   Fee Simple     7,700,000    
22.02 Property   30-59 Steinway Street 1928 NAP 18,069 SF   Fee Simple     4,300,000    
23 Loan   Shoprite at Greenport 1993 2018 75,525 SF 137.70 Fee Simple 10,400,000 10,400,000 10,400,000 1.3% 10,400,000
24 Loan 52 Fairview Centre 1947 2012 151,653 SF 67.68 Fee Simple 10,300,000 10,263,644 10,263,644 1.3% 8,569,075
25 Loan 53, 54, 55 Canal Place 1907, 1908 2016 242,864 SF 42.12 Fee Simple 10,250,000 10,229,388 10,229,388 1.3% 8,583,006
26 Loan   Walgreens EJR Portfolio     43,290 SF 233.31   10,100,000 10,100,000 10,100,000 1.3% 10,100,000
26.01 Property   Walgreens - Minnesota 2006 NAP 14,820 SF   Fee Simple     3,870,000    
26.02 Property   Walgreens - New York 2007 NAP 14,820 SF   Fee Simple     3,160,000    
26.03 Property   Walgreens - Texas 2002 NAP 13,650 SF   Fee Simple     3,070,000    
27 Loan 56 2325 Crenshaw Boulevard 1989 2018 60,804 SF 164.46 Fee Simple 10,000,000 10,000,000 10,000,000 1.2% 10,000,000
28 Loan   Gilbert Crossing 2000 NAP 62,542 SF 128.71 Fee Simple 8,050,000 8,050,000 8,050,000 1.0% 6,554,264
29 Loan   American Blue Ribbon HQ 1963 2010 60,205 SF 121.50 Fee Simple 7,323,750 7,314,868 7,314,868 0.9% 6,012,487
30 Loan   22 & 24 Wyckoff Avenue 1931 2010 8,471 SF 802.74 Fee Simple 6,800,000 6,800,000 6,800,000 0.8% 6,800,000
31 Loan   Maxatawny Marketplace 2013 NAP 68,730 SF 98.57 Fee Simple 6,775,000 6,775,000 6,775,000 0.8% 6,775,000
32 Loan 57 Colson Portfolio     214,500 SF 26.57   5,700,000 5,700,000 5,700,000 0.7% 5,233,959
32.01 Property 57 203 Kerth Street 1972, 1978 NAP 124,500 SF   Fee Simple     3,360,000    
32.02 Property 57 505 North Edmonds Street 1977 2000 90,000 SF   Fee Simple     2,340,000    
33 Loan   Shops on Garth 2017 NAP 15,500 SF 309.00 Fee Simple 4,800,000 4,789,447 4,789,447 0.6% 3,966,666
34 Loan 58 WoodSpring Suites Jacksonville 2006 2016-2017 105 Rooms 44,672.71 Fee Simple 4,700,000 4,690,635 4,690,635 0.6% 3,940,721
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 2017 NAP 13,714 SF 313.55 Fee Simple 4,300,000 4,300,000 4,300,000 0.5% 4,300,000
36 Loan 63 Fresenius Medical Center East Peoria 2019 NAP 6,140 SF 319.64 Fee Simple 1,965,000 1,962,595 1,962,595 0.2% 1,610,524

 

A-1-2

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Mortgage Loan Rate (%) Administrative Cost Rate (%) (1) Net Mortgage Loan Rate (%) Monthly Debt Service ($) (2) Annual Debt Service ($) Pari Passu Companion Loan Monthly Debt Service ($) Pari Passu Companion Loan Annual Debt Service ($) Amortization Type Interest Accrual Method Seasoning Original Interest-Only Period (Mos.)
1 Loan 8, 9, 10, 11, 12 101 California Street 3.85000% 0.01523% 3.83477% 252,099.25 3,025,191.00 1,462,175.63 17,546,107.56 Interest Only Actual/360 2 120
2 Loan 8, 13, 14 59 Maiden Lane 3.99000% 0.01648% 3.97352% 252,838.54 3,034,062.48 421,397.57 5,056,770.84 Interest Only Actual/360 0 120
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 4.025882353% 0.01648% 4.00940% 221,097.36 2,653,168.32 357,157.27 4,285,887.24 Interest Only - ARD Actual/360 1 120
4 Loan 8 Albertsons Industrial - PA 5.04000% 0.01648% 5.02352% 262,877.56 3,154,530.72 63,875.00 766,500.00 Interest Only Actual/360 4 120
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 4.86000% 0.01648% 4.84352% 290,563.97 3,486,767.64 660,372.67 7,924,472.04 Amortizing Actual/360 0 0
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 5.06500% 0.02398% 5.04102% 213,972.80 2,567,673.60 213,972.80 2,567,673.60 Interest Only Actual/360 0 60
6.01 Property   Residence Inn Salt Lake City                      
6.02 Property 26 Hampton Inn Santa Barbara                      
6.03 Property 26, 27 Hampton Inn Bloomington                      
6.04 Property 26 Hampton Inn Norwood                      
6.05 Property 27 Springhill Suites Bloomington                      
6.06 Property   Hyatt Place Arlington                      
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 4.02277182% 0.01648% 4.00629% 152,949.14 1,835,389.68 220,926.53 2,651,118.36 Interest Only Actual/360 5 60
8 Loan 8, 10 Lakeside Apartments 4.93500% 0.04398% 4.89102% 145,936.63 1,751,239.56 145,936.63 1,751,239.56 Interest Only Actual/360 2 120
9 Loan 33, 34, 35 RR America Portfolio 5.30000% 0.05398% 5.24602% 148,743.70 1,784,924.40     Amortizing Actual/360 1 0
9.01 Property   Grifols - Bellflower, CA                      
9.02 Property   Grifols - San Antonio, TX                      
9.03 Property   Grifols - Greenville, NC                      
9.04 Property   Kedrion - Longview, TX                      
9.05 Property   Kedrion - Sarasota, FL                      
9.06 Property   Grifols - Alexandria, LA                      
9.07 Property   Grifols - Anderson, IN                      
9.08 Property   Grifols - Flint, MI                      
9.09 Property   Grifols - El Paso, TX                      
9.10 Property   Grifols - Nashville, TN                      
9.11 Property   CSL - Davenport, IA                      
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 5.20000% 0.04398% 5.15602% 132,582.82 1,590,993.84     Interest Only, Then Amortizing Actual/360 0 36
11 Loan   Pacific Corporate Center 4.69000% 0.01648% 4.67352% 80,639.23 967,670.76     Interest Only Actual/360 2 120
12 Loan   1900 Midtown - Boca Raton 4.73000% 0.01648% 4.71352% 104,088.50 1,249,062.00     Interest Only, Then Amortizing Actual/360 0 36
13 Loan 8, 41 Tulsa Office Portfolio 5.25000% 0.01648% 5.23352% 110,440.74 1,325,288.88 158,344.41 1,900,132.92 Amortizing Actual/360 2 0
13.01 Property   Exchange Tower                      
13.02 Property   Towne Center                      
13.03 Property   Two Memorial Place                      
13.04 Property   Triad Center I                      
13.05 Property   Corporate Place                      
13.06 Property   The 51 Yale Building                      
13.07 Property   Commerce Tower                      
13.08 Property   Riverbridge Office                      
13.09 Property   Three Memorial Place                      
14 Loan   Hopkinsville Towne Center 5.05500% 0.01648% 5.03852% 98,314.22 1,179,770.64     Amortizing Actual/360 6 0
15 Loan 8, 42, 43 Soho Beach House 5.34000% 0.01648% 5.32352% 67,677.08 812,124.96 180,472.23 2,165,666.76 Interest Only Actual/360 2 59
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 4.83000% 0.01648% 4.81352% 61,213.54 734,562.48 163,236.11 1,958,833.32 Interest Only Actual/360 0 120
17 Loan   Borel Square Shopping Center 4.70000% 0.01648% 4.68352% 59,565.97 714,791.64     Interest Only Actual/360 0 60
18 Loan 47, 48 Cordata Center 4.87900% 0.01648% 4.86252% 76,240.95 914,891.40     Interest Only, Then Amortizing Actual/360 1 36
19 Loan 49, 50 Rosewood Inn of the Anasazi 4.79000% 0.01648% 4.77352% 52,612.38 631,348.56     Interest Only Actual/360 0 120
20 Loan 51 42 Crosby Street 4.67000% 0.01648% 4.65352% 51,294.33 615,531.96     Interest Only Actual/360 1 120
21 Loan   NY & PA Self Storage Portfolio 4.60000% 0.01648% 4.58352% 63,311.58 759,738.96     Interest Only, Then Amortizing Actual/360 0 36
21.01 Property   Extra Space - Ballston Spa                      
21.02 Property   Longacres Self Storage                      
22 Loan   Walgreens Flushing & Steinway Mixed Use 4.75000% 0.01648% 4.73352% 62,597.68 751,172.16     Interest Only, Then Amortizing Actual/360 1 24
22.01 Property   Walgreens Flushing                      
22.02 Property   30-59 Steinway Street                      
23 Loan   Shoprite at Greenport 5.00000% 0.01648% 4.98352% 43,935.19 527,222.28     Interest Only Actual/360 1 120
24 Loan 52 Fairview Centre 5.37250% 0.06648% 5.30602% 57,660.99 691,931.88     Amortizing Actual/360 3 0
25 Loan 53, 54, 55 Canal Place 5.56800% 0.05648% 5.51152% 58,636.43 703,637.16     Amortizing Actual/360 2 0
26 Loan   Walgreens EJR Portfolio 4.70000% 0.04648% 4.65352% 40,107.75 481,293.00     Interest Only Actual/360 1 120
26.01 Property   Walgreens - Minnesota                      
26.02 Property   Walgreens - New York                      
26.03 Property   Walgreens - Texas                      
27 Loan 56 2325 Crenshaw Boulevard 5.00000% 0.01648% 4.98352% 42,245.37 506,944.44     Interest Only Actual/360 2 120
28 Loan   Gilbert Crossing 4.70000% 0.01648% 4.68352% 41,750.34 501,004.08     Amortizing Actual/360 0 0
29 Loan   American Blue Ribbon HQ 4.95000% 0.01648% 4.93352% 39,091.98 469,103.76     Amortizing Actual/360 1 0
30 Loan   22 & 24 Wyckoff Avenue 5.15000% 0.01648% 5.13352% 29,588.66 355,063.92     Interest Only Actual/360 1 120
31 Loan   Maxatawny Marketplace 5.20000% 0.01648% 5.18352% 29,766.09 357,193.08     Interest Only Actual/360 2 120
32 Loan 57 Colson Portfolio 4.71700% 0.01648% 4.70052% 29,620.63 355,447.56     Interest Only, Then Amortizing Actual/360 1 60
32.01 Property 57 203 Kerth Street                      
32.02 Property 57 505 North Edmonds Street                      
33 Loan   Shops on Garth 5.15000% 0.01648% 5.13352% 26,209.26 314,511.12     Amortizing Actual/360 2 0
34 Loan 58 WoodSpring Suites Jacksonville 5.61000% 0.01648% 5.59352% 27,011.36 324,136.32     Amortizing Actual/360 2 0
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 4.65000% 0.01648% 4.63352% 16,893.92 202,727.04     Interest Only Actual/360 2 120
36 Loan 63 Fresenius Medical Center East Peoria 4.90000% 0.01648% 4.88352% 10,428.78 125,145.36     Amortizing Actual/360 1 0

 

A-1-3

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Due Date First Due Date Last IO Due Date First P&I Due Date Maturity Date / ARD ARD (Yes / No) Final Maturity Date
1 Loan 8, 9, 10, 11, 12 101 California Street 118 120 118 0 0 2/25/2019 6 4/6/2019 3/6/2029   3/6/2029 No  
2 Loan 8, 13, 14 59 Maiden Lane 120 120 120 0 0 4/11/2019 6 6/6/2019 5/6/2029   5/6/2029 No  
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 119 120 119 0 0 3/8/2019 6 5/6/2019 4/6/2029   4/6/2029 Yes 6/6/2034
4 Loan 8 Albertsons Industrial - PA 116 120 116 0 0 1/2/2019 6 2/6/2019 1/6/2029   1/6/2029 No  
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 0 120 120 360 360 4/16/2019 6 6/6/2019   6/6/2019 5/6/2029 No  
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 60 60 60 0 0 4/17/2019 6 6/6/2019 5/6/2024   5/6/2024 No  
6.01 Property   Residence Inn Salt Lake City                          
6.02 Property 26 Hampton Inn Santa Barbara                          
6.03 Property 26, 27 Hampton Inn Bloomington                          
6.04 Property 26 Hampton Inn Norwood                          
6.05 Property 27 Springhill Suites Bloomington                          
6.06 Property   Hyatt Place Arlington                          
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 55 60 55 0 0 11/28/2018 6 1/6/2019 12/6/2023   12/6/2023 No  
8 Loan 8, 10 Lakeside Apartments 118 120 118 0 0 3/1/2019 6 4/6/2019 3/6/2029   3/6/2029 No  
9 Loan 33, 34, 35 RR America Portfolio 0 120 119 300 299 3/8/2019 6 5/6/2019   5/6/2019 4/6/2029 No  
9.01 Property   Grifols - Bellflower, CA                          
9.02 Property   Grifols - San Antonio, TX                          
9.03 Property   Grifols - Greenville, NC                          
9.04 Property   Kedrion - Longview, TX                          
9.05 Property   Kedrion - Sarasota, FL                          
9.06 Property   Grifols - Alexandria, LA                          
9.07 Property   Grifols - Anderson, IN                          
9.08 Property   Grifols - Flint, MI                          
9.09 Property   Grifols - El Paso, TX                          
9.10 Property   Grifols - Nashville, TN                          
9.11 Property   CSL - Davenport, IA                          
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 36 120 120 360 360 4/12/2019 6 6/6/2019 5/6/2022 6/6/2022 5/6/2029 No  
11 Loan   Pacific Corporate Center 118 120 118 0 0 2/21/2019 6 4/6/2019 3/6/2029   3/6/2029 No  
12 Loan   1900 Midtown - Boca Raton 36 120 120 360 360 4/23/2019 6 6/6/2019 5/6/2022 6/6/2022 5/6/2029 No  
13 Loan 8, 41 Tulsa Office Portfolio 0 120 118 360 358 2/26/2019 6 4/6/2019   4/6/2019 3/6/2029 No  
13.01 Property   Exchange Tower                          
13.02 Property   Towne Center                          
13.03 Property   Two Memorial Place                          
13.04 Property   Triad Center I                          
13.05 Property   Corporate Place                          
13.06 Property   The 51 Yale Building                          
13.07 Property   Commerce Tower                          
13.08 Property   Riverbridge Office                          
13.09 Property   Three Memorial Place                          
14 Loan   Hopkinsville Towne Center 0 120 114 360 354 10/26/2018 6 12/6/2018   12/6/2018 11/6/2028 No  
15 Loan 8, 42, 43 Soho Beach House 57 59 57 0 0 2/27/2019 6 4/6/2019 2/6/2024   2/6/2024 No  
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 120 120 120 0 0 4/18/2019 6 6/6/2019 5/6/2029   5/6/2029 No  
17 Loan   Borel Square Shopping Center 60 60 60 0 0 4/15/2019 6 6/6/2019 5/6/2024   5/6/2024 No  
18 Loan 47, 48 Cordata Center 35 120 119 360 360 3/14/2019 6 5/6/2019 4/6/2022 5/6/2022 4/6/2029 No  
19 Loan 49, 50 Rosewood Inn of the Anasazi 120 120 120 0 0 4/15/2019 6 6/6/2019 5/6/2029   5/6/2029 No  
20 Loan 51 42 Crosby Street 119 120 119 0 0 3/28/2019 6 5/6/2019 4/6/2029   4/6/2029 No  
21 Loan   NY & PA Self Storage Portfolio 36 120 120 360 360 4/11/2019 6 6/6/2019 5/6/2022 6/6/2022 5/6/2029 No  
21.01 Property   Extra Space - Ballston Spa                          
21.02 Property   Longacres Self Storage                          
22 Loan   Walgreens Flushing & Steinway Mixed Use 23 120 119 360 360 4/2/2019 6 5/6/2019 4/6/2021 5/6/2021 4/6/2029 No  
22.01 Property   Walgreens Flushing                          
22.02 Property   30-59 Steinway Street                          
23 Loan   Shoprite at Greenport 119 120 119 0 0 4/4/2019 6 5/6/2019 4/6/2029   4/6/2029 No  
24 Loan 52 Fairview Centre 0 120 117 360 357 1/25/2019 6 3/6/2019   3/6/2019 2/6/2029 No  
25 Loan 53, 54, 55 Canal Place 0 120 118 360 358 3/6/2019 6 4/6/2019   4/6/2019 3/6/2029 No  
26 Loan   Walgreens EJR Portfolio 119 120 119 0 0 3/11/2019 6 5/6/2019 4/6/2029   4/6/2029 No  
26.01 Property   Walgreens - Minnesota                          
26.02 Property   Walgreens - New York                          
26.03 Property   Walgreens - Texas                          
27 Loan 56 2325 Crenshaw Boulevard 118 120 118 0 0 2/7/2019 6 4/6/2019 3/6/2029   3/6/2029 No  
28 Loan   Gilbert Crossing 0 120 120 360 360 4/17/2019 6 6/6/2019   6/6/2019 5/6/2029 No  
29 Loan   American Blue Ribbon HQ 0 120 119 360 359 3/22/2019 6 5/6/2019   5/6/2019 4/6/2029 No  
30 Loan   22 & 24 Wyckoff Avenue 119 120 119 0 0 3/8/2019 6 5/6/2019 4/6/2029   4/6/2029 No  
31 Loan   Maxatawny Marketplace 118 120 118 0 0 2/15/2019 6 4/6/2019 3/6/2029   3/6/2029 No  
32 Loan 57 Colson Portfolio 59 120 119 360 360 3/21/2019 6 5/6/2019 4/6/2024 5/6/2024 4/6/2029 No  
32.01 Property 57 203 Kerth Street                          
32.02 Property 57 505 North Edmonds Street                          
33 Loan   Shops on Garth 0 120 118 360 358 3/6/2019 6 4/6/2019   4/6/2019 3/6/2029 No  
34 Loan 58 WoodSpring Suites Jacksonville 0 120 118 360 358 2/22/2019 6 4/6/2019   4/6/2019 3/6/2029 No  
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 118 120 118 0 0 2/28/2019 6 4/6/2019 3/6/2029   3/6/2029 No  
36 Loan 63 Fresenius Medical Center East Peoria 0 120 119 360 359 3/29/2019 1 5/1/2019   5/1/2019 4/1/2029 No  

 

A-1-4

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Grace Period- Late Fee Grace Period- Default Prepayment Provision (3) 2016 EGI ($) 2016 Expenses ($) 2016 NOI ($)
1 Loan 8, 9, 10, 11, 12 101 California Street 0 0 Lockout/26_>YM/87_0%/7 68,835,502 27,535,387 41,300,115
2 Loan 8, 13, 14 59 Maiden Lane 10 days grace, one time during the term of the loan, other than the payment due on the Maturity Date 0 Lockout/24_Defeasance/91_0%/5 48,095,168 24,906,930 23,188,238
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 0 0 Lockout/24_>YM or 1%/1_Defeasance or >YM or 1%/88_0%/7 N/A N/A N/A
4 Loan 8 Albertsons Industrial - PA 0 0 Lockout/11_>YM or 1%/105_0%/4 N/A N/A N/A
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 0 0 Lockout/24_Defeasance/89_0%/7 21,212,273 4,786,004 16,426,269
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 0 0 Lockout/24_Defeasance/31_0%/5 35,774,599 21,661,944 14,112,655
6.01 Property   Residence Inn Salt Lake City       7,617,592 4,666,993 2,950,599
6.02 Property 26 Hampton Inn Santa Barbara       5,844,574 3,360,378 2,484,195
6.03 Property 26, 27 Hampton Inn Bloomington       6,320,555 3,730,221 2,590,334
6.04 Property 26 Hampton Inn Norwood       5,994,811 3,770,746 2,224,065
6.05 Property 27 Springhill Suites Bloomington       5,199,840 3,179,536 2,020,304
6.06 Property   Hyatt Place Arlington       4,797,227 2,954,068 1,843,158
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 0 0 Lockout/29_Defeasance/27_0%/4 N/A N/A N/A
8 Loan 8, 10 Lakeside Apartments 0 0 Lockout/26_Defeasance/90_0%/4 8,701,240 3,329,432 5,371,808
9 Loan 33, 34, 35 RR America Portfolio 0 0 Lockout/25_Defeasance/91_0%/4 N/A N/A N/A
9.01 Property   Grifols - Bellflower, CA       N/A N/A N/A
9.02 Property   Grifols - San Antonio, TX       N/A N/A N/A
9.03 Property   Grifols - Greenville, NC       N/A N/A N/A
9.04 Property   Kedrion - Longview, TX       N/A N/A N/A
9.05 Property   Kedrion - Sarasota, FL       N/A N/A N/A
9.06 Property   Grifols - Alexandria, LA       N/A N/A N/A
9.07 Property   Grifols - Anderson, IN       N/A N/A N/A
9.08 Property   Grifols - Flint, MI       N/A N/A N/A
9.09 Property   Grifols - El Paso, TX       N/A N/A N/A
9.10 Property   Grifols - Nashville, TN       N/A N/A N/A
9.11 Property   CSL - Davenport, IA       N/A N/A N/A
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 0 0 Lockout/24_Defeasance/93_0%/3 N/A N/A N/A
11 Loan   Pacific Corporate Center 0 0 Lockout/26_Defeasance/89_0%/5 N/A N/A N/A
12 Loan   1900 Midtown - Boca Raton 0 0 Lockout/24_Defeasance/91_0%/5 N/A N/A N/A
13 Loan 8, 41 Tulsa Office Portfolio 0 0 Lockout/26_Defeasance/90_0%/4 10,991,953 5,212,572 5,779,381
13.01 Property   Exchange Tower       2,352,857 821,302 1,531,555
13.02 Property   Towne Center       1,770,290 840,411 929,879
13.03 Property   Two Memorial Place       1,091,583 682,684 408,899
13.04 Property   Triad Center I       1,473,370 761,277 712,093
13.05 Property   Corporate Place       1,184,426 591,580 592,846
13.06 Property   The 51 Yale Building       761,223 342,534 418,689
13.07 Property   Commerce Tower       1,040,905 556,832 484,073
13.08 Property   Riverbridge Office       713,607 374,887 338,720
13.09 Property   Three Memorial Place       603,692 241,066 362,626
14 Loan   Hopkinsville Towne Center 0 0 Lockout/30_>YM or 1%/86_0%/4 N/A N/A N/A
15 Loan 8, 42, 43 Soho Beach House 0 0 Lockout/26_Defeasance or >YM or 1%/29_0%/4 38,645,744 29,914,148 8,731,596
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 0 0 Lockout/24_Defeasance or >YM or 1%/90_0%/6 N/A N/A N/A
17 Loan   Borel Square Shopping Center 0 0 Lockout/24_Defeasance/32_0%/4 N/A N/A N/A
18 Loan 47, 48 Cordata Center 0 0 Lockout/25_Defeasance/90_0%/5 N/A N/A N/A
19 Loan 49, 50 Rosewood Inn of the Anasazi 5 0 Lockout/24_Defeasance/92_0%/4 N/A N/A N/A
20 Loan 51 42 Crosby Street 0 0 Lockout/25_Defeasance/92_0%/3 N/A N/A N/A
21 Loan   NY & PA Self Storage Portfolio 0 0 Lockout/24_Defeasance/92_0%/4 N/A N/A N/A
21.01 Property   Extra Space - Ballston Spa       N/A N/A N/A
21.02 Property   Longacres Self Storage       376,412 143,863 232,549
22 Loan   Walgreens Flushing & Steinway Mixed Use 0 0 Lockout/25_Defeasance/92_0%/3 1,143,071 174,128 968,943
22.01 Property   Walgreens Flushing       616,000 18,480 597,520
22.02 Property   30-59 Steinway Street       527,071 155,648 371,423
23 Loan   Shoprite at Greenport 0 0 Lockout/25_>YM or 1%/91_0%/4 N/A N/A N/A
24 Loan 52 Fairview Centre 0 0 Lockout/9_>YM or 1%/107_0%/4 1,691,859 681,634 1,010,225
25 Loan 53, 54, 55 Canal Place 0 0 Lockout/26_Defeasance/90_0%/4 N/A N/A N/A
26 Loan   Walgreens EJR Portfolio 0 0 Lockout/25_Defeasance/92_0%/3 N/A N/A N/A
26.01 Property   Walgreens - Minnesota       N/A N/A N/A
26.02 Property   Walgreens - New York       N/A N/A N/A
26.03 Property   Walgreens - Texas       N/A N/A N/A
27 Loan 56 2325 Crenshaw Boulevard 0 0 Lockout/26_>YM or 1%/90_0%/4 1,313,366 321,776 991,591
28 Loan   Gilbert Crossing 0 0 Lockout/24_Defeasance/92_0%/4 983,172 293,014 690,158
29 Loan   American Blue Ribbon HQ 0 0 Lockout/25_Defeasance/91_0%/4 N/A N/A N/A
30 Loan   22 & 24 Wyckoff Avenue 0 0 Lockout/25_Defeasance/92_0%/3 398,575 120,903 277,672
31 Loan   Maxatawny Marketplace 0 0 Lockout/26_Defeasance/89_0%/5 1,003,302 419,385 583,917
32 Loan 57 Colson Portfolio 0 0 Lockout/25_Defeasance/91_0%/4 N/A N/A N/A
32.01 Property 57 203 Kerth Street       N/A N/A N/A
32.02 Property 57 505 North Edmonds Street       N/A N/A N/A
33 Loan   Shops on Garth 0 0 Lockout/26_Defeasance/90_0%/4 N/A N/A N/A
34 Loan 58 WoodSpring Suites Jacksonville 0 0 Lockout/26_Defeasance/91_0%/3 1,202,192 703,133 499,058
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 0 0 Lockout/26_Defeasance/90_0%/4 N/A N/A N/A
36 Loan 63 Fresenius Medical Center East Peoria 5 5 Lockout/25_Defeasance/91_0%/4 N/A N/A N/A

 

A-1-5

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name 2017 EGI ($) 2017 Expenses ($) 2017 NOI ($) 2018 EGI ($) 2018 Expenses ($) 2018 NOI ($) Most Recent EGI (if past 2018) ($) Most Recent Expenses (if past 2018) ($) Most Recent NOI (if past 2018) ($) Most Recent NOI Date (if past 2018) Most Recent # of months
1 Loan 8, 9, 10, 11, 12 101 California Street 79,428,927 28,767,057 50,661,870 85,549,925 28,987,593 56,562,332 N/A N/A N/A N/A N/A
2 Loan 8, 13, 14 59 Maiden Lane 50,439,845 25,680,902 24,758,943 50,521,282 25,369,149 25,152,133 50,847,575 26,006,945 24,840,630 2/28/2019 12
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
4 Loan 8 Albertsons Industrial - PA N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 22,212,559 4,830,141 17,382,418 22,900,956 5,119,093 17,781,863 22,800,326 5,141,490 17,658,836 2/28/2019 12
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 35,305,907 21,813,800 13,492,108 34,813,305 21,905,301 12,908,005 34,282,620 21,712,418 12,570,203 2/28/2019 12
6.01 Property   Residence Inn Salt Lake City 8,193,314 5,013,347 3,179,967 7,641,576 4,837,365 2,804,210 7,518,739 4,770,507 2,748,232 2/28/2019 12
6.02 Property 26 Hampton Inn Santa Barbara 5,951,787 3,336,176 2,615,611 5,769,029 3,259,404 2,509,625 5,751,583 3,251,985 2,499,598 2/28/2019 12
6.03 Property 26, 27 Hampton Inn Bloomington 5,659,668 3,713,309 1,946,360 6,267,060 4,018,094 2,248,966 6,062,210 3,968,812 2,093,398 2/28/2019 12
6.04 Property 26 Hampton Inn Norwood 6,011,779 3,754,126 2,257,653 5,664,136 3,712,542 1,951,595 5,638,173 3,685,370 1,952,803 2/28/2019 12
6.05 Property 27 Springhill Suites Bloomington 4,780,681 3,077,624 1,703,057 5,001,050 3,190,301 1,810,750 4,830,813 3,172,214 1,658,599 2/28/2019 12
6.06 Property   Hyatt Place Arlington 4,708,678 2,919,218 1,789,460 4,470,454 2,887,595 1,582,859 4,481,102 2,863,529 1,617,573 2/28/2019 12
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 12,842,928 4,009,422 8,833,506 16,659,015 4,275,233 12,383,782 N/A N/A N/A N/A N/A
8 Loan 8, 10 Lakeside Apartments 8,975,417 3,312,680 5,662,737 9,226,770 3,368,319 5,858,451 9,233,639 3,379,859 5,853,780 1/31/2019 12
9 Loan 33, 34, 35 RR America Portfolio 3,162,207 488,019 2,674,188 3,201,079 546,012 2,655,067 N/A N/A N/A N/A N/A
9.01 Property   Grifols - Bellflower, CA 462,940 88,936 374,004 477,761 103,757 374,004 N/A N/A N/A N/A N/A
9.02 Property   Grifols - San Antonio, TX 447,304 64,696 382,608 452,286 69,678 382,608 N/A N/A N/A N/A N/A
9.03 Property   Grifols - Greenville, NC 277,902 22,725 255,177 278,238 23,060 255,177 N/A N/A N/A N/A N/A
9.04 Property   Kedrion - Longview, TX 266,944 27,056 239,888 267,163 27,275 239,888 N/A N/A N/A N/A N/A
9.05 Property   Kedrion - Sarasota, FL 281,555 45,050 236,506 288,842 52,336 236,506 N/A N/A N/A N/A N/A
9.06 Property   Grifols - Alexandria, LA 272,287 52,360 219,927 271,958 52,031 219,927 N/A N/A N/A N/A N/A
9.07 Property   Grifols - Anderson, IN 214,548 5,239 209,310 215,118 5,809 209,310 N/A N/A N/A N/A N/A
9.08 Property   Grifols - Flint, MI 267,643 37,844 229,800 245,201 36,490 208,711 N/A N/A N/A N/A N/A
9.09 Property   Grifols - El Paso, TX 291,529 92,084 199,445 291,542 95,146 196,396 N/A N/A N/A N/A N/A
9.10 Property   Grifols - Nashville, TN 212,625 36,015 176,610 216,157 36,015 180,142 N/A N/A N/A N/A N/A
9.11 Property   CSL - Davenport, IA 166,930 16,017 150,914 196,813 44,415 152,398 N/A N/A N/A N/A N/A
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments N/A N/A N/A N/A N/A N/A 2,336,236 1,614,152 722,083 1/31/2019 12
11 Loan   Pacific Corporate Center N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
12 Loan   1900 Midtown - Boca Raton 1,885,857 909,300 976,557 2,642,973 1,198,831 1,444,141 2,727,863 1,232,806 1,495,058 2/28/2019 12
13 Loan 8, 41 Tulsa Office Portfolio 10,452,885 5,486,205 4,966,680 11,312,549 6,012,315 5,300,234 N/A N/A N/A N/A N/A
13.01 Property   Exchange Tower 2,506,920 881,766 1,625,154 2,393,416 936,961 1,456,455 N/A N/A N/A N/A N/A
13.02 Property   Towne Center 1,633,705 822,707 810,998 2,048,143 932,734 1,115,409 N/A N/A N/A N/A N/A
13.03 Property   Two Memorial Place 1,036,488 823,873 212,615 1,411,403 858,166 553,237 N/A N/A N/A N/A N/A
13.04 Property   Triad Center I 1,149,436 767,818 381,619 1,194,633 865,734 328,899 N/A N/A N/A N/A N/A
13.05 Property   Corporate Place 1,330,196 622,305 707,891 1,305,353 708,640 596,712 N/A N/A N/A N/A N/A
13.06 Property   The 51 Yale Building 701,114 344,654 356,460 854,326 423,807 430,519 N/A N/A N/A N/A N/A
13.07 Property   Commerce Tower 1,026,071 581,335 444,736 975,310 581,863 393,448 N/A N/A N/A N/A N/A
13.08 Property   Riverbridge Office 511,533 384,278 127,255 581,708 431,784 149,924 N/A N/A N/A N/A N/A
13.09 Property   Three Memorial Place 557,422 257,470 299,952 548,257 272,624 275,632 N/A N/A N/A N/A N/A
14 Loan   Hopkinsville Towne Center 517,659 110,788 406,871 2,327,843 615,932 1,711,911 N/A N/A N/A N/A N/A
15 Loan 8, 42, 43 Soho Beach House 39,786,166 28,616,452 11,169,714 45,890,188 31,128,533 14,761,655 46,662,860 31,363,350 15,299,510 1/31/2019 12
16 Loan 8, 13, 44, 45, 46 57 East 11th Street N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
17 Loan   Borel Square Shopping Center 1,920,769 444,010 1,476,759 1,851,750 465,613 1,386,137 N/A N/A N/A N/A N/A
18 Loan 47, 48 Cordata Center N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
19 Loan 49, 50 Rosewood Inn of the Anasazi 9,116,594 7,664,506 1,452,088 9,826,973 7,897,181 1,929,793 9,952,528 7,991,352 1,961,176 2/28/2019 12
20 Loan 51 42 Crosby Street N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
21 Loan   NY & PA Self Storage Portfolio 1,425,078 440,121 984,957 1,537,968 459,847 1,078,122 1,550,525 453,234 1,097,290 2/28/2019 12
21.01 Property   Extra Space - Ballston Spa 1,004,443 280,125 724,318 1,089,049 290,884 798,165 1,094,611 282,457 812,153 2/28/2019 12
21.02 Property   Longacres Self Storage 420,635 159,996 260,640 448,919 168,963 279,956 455,914 170,777 285,137 2/28/2019 12
22 Loan   Walgreens Flushing & Steinway Mixed Use 1,160,665 182,991 977,674 1,177,972 186,371 991,601 N/A N/A N/A N/A N/A
22.01 Property   Walgreens Flushing 616,000 18,480 597,520 616,000 18,480 597,520 N/A N/A N/A N/A N/A
22.02 Property   30-59 Steinway Street 544,665 164,511 380,154 561,972 167,891 394,081 N/A N/A N/A N/A N/A
23 Loan   Shoprite at Greenport N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
24 Loan 52 Fairview Centre 1,626,740 667,432 959,308 1,677,353 729,939 947,414 N/A N/A N/A N/A N/A
25 Loan 53, 54, 55 Canal Place N/A N/A N/A 3,044,040 1,697,515 1,346,525 N/A N/A N/A N/A N/A
26 Loan   Walgreens EJR Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
26.01 Property   Walgreens - Minnesota N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
26.02 Property   Walgreens - New York N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
26.03 Property   Walgreens - Texas N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
27 Loan 56 2325 Crenshaw Boulevard 1,313,366 374,499 938,867 N/A N/A N/A N/A N/A N/A N/A N/A
28 Loan   Gilbert Crossing 1,021,525 305,509 716,016 949,476 284,930 664,546 960,947 288,505 672,442 1/31/2019 12
29 Loan   American Blue Ribbon HQ N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
30 Loan   22 & 24 Wyckoff Avenue 463,982 114,338 349,644 496,875 117,144 379,731 N/A N/A N/A N/A N/A
31 Loan   Maxatawny Marketplace 1,098,605 424,009 674,596 1,117,031 428,311 688,720 N/A N/A N/A N/A N/A
32 Loan 57 Colson Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
32.01 Property 57 203 Kerth Street N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
32.02 Property 57 505 North Edmonds Street N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
33 Loan   Shops on Garth N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
34 Loan 58 WoodSpring Suites Jacksonville 1,431,397 787,682 643,714 1,533,622 878,769 654,853 N/A N/A N/A N/A N/A
35 Loan 59, 60, 61, 62 The Shops at Bee Cave N/A N/A N/A 318,627 139,639 178,988 N/A N/A N/A N/A N/A
36 Loan 63 Fresenius Medical Center East Peoria N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

 

A-1-6

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Most Recent Description Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Debt Yield on Underwritten Net Operating Income (%) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NCF DSCR (x) (4) Debt Yield on Underwritten Net Cash Flow (%)
1 Loan 8, 9, 10, 11, 12 101 California Street Not Available 98,039,071 30,562,252 67,476,820 12.8% 187,722 1,047,309 66,241,788 3.22 12.6%
2 Loan 8, 13, 14 59 Maiden Lane Trailing 12 50,166,869 26,380,972 23,785,897 11.9% 203,583 1,812,183 21,770,131 2.69 10.9%
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V Not Available 26,462,375 3,386,315 23,076,059 13.6% 72,513 0 23,003,547 3.32 13.5%
4 Loan 8 Albertsons Industrial - PA Not Available 7,150,359 214,511 6,935,848 9.0% 153,941 219,366 6,562,542 1.67 8.6%
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center Trailing 12 22,242,309 5,591,686 16,650,623 9.3% 138,253 224,267 16,288,103 1.43 9.0%
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio Trailing 12 34,282,620 22,237,977 12,044,646 12.0% 1,371,305 0 10,673,339 2.08 10.7%
6.01 Property   Residence Inn Salt Lake City Trailing 12 7,518,739 4,831,560 2,687,179   300,750 0 2,386,429    
6.02 Property 26 Hampton Inn Santa Barbara Trailing 12 5,751,583 3,320,423 2,431,160   230,063 0 2,201,097    
6.03 Property 26, 27 Hampton Inn Bloomington Trailing 12 6,062,210 4,021,828 2,040,382   242,488 0 1,797,893    
6.04 Property 26 Hampton Inn Norwood Trailing 12 5,638,173 3,736,655 1,901,518   225,527 0 1,675,991    
6.05 Property 27 Springhill Suites Bloomington Trailing 12 4,830,813 3,193,460 1,637,354   193,233 0 1,444,121    
6.06 Property   Hyatt Place Arlington Trailing 12 4,481,102 3,134,050 1,347,053   179,244 0 1,167,808    
7 Loan 8, 28, 29, 30, 31, 32 365 Bond Not Available 16,888,077 4,281,457 12,606,620 11.5% 107,500 0 12,499,120 2.79 11.4%
8 Loan 8, 10 Lakeside Apartments Trailing 12 9,233,639 3,388,744 5,844,895 8.3% 142,000 0 5,702,895 1.63 8.1%
9 Loan 33, 34, 35 RR America Portfolio Not Available 3,265,152 767,056 2,498,096 10.1% 28,335 47,272 2,422,489 1.36 9.8%
9.01 Property   Grifols - Bellflower, CA Not Available 425,751 118,299 307,451   2,739 4,570 300,142    
9.02 Property   Grifols - San Antonio, TX Not Available 434,934 83,066 351,868   2,778 4,635 344,454    
9.03 Property   Grifols - Greenville, NC Not Available 300,399 38,043 262,356   2,255 3,761 256,340    
9.04 Property   Kedrion - Longview, TX Not Available 293,258 28,697 264,561   2,542 4,240 257,779    
9.05 Property   Kedrion - Sarasota, FL Not Available 271,760 50,652 221,107   1,831 3,054 216,222    
9.06 Property   Grifols - Alexandria, LA Not Available 281,213 59,126 222,086   2,811 4,689 214,586    
9.07 Property   Grifols - Anderson, IN Not Available 267,448 67,524 199,924   2,668 4,451 192,805    
9.08 Property   Grifols - Flint, MI Not Available 270,162 106,640 163,522   2,795 4,663 156,064    
9.09 Property   Grifols - El Paso, TX Not Available 258,561 102,470 156,091   2,799 4,670 148,622    
9.10 Property   Grifols - Nashville, TN Not Available 262,629 48,238 214,391   3,255 5,430 205,707    
9.11 Property   CSL - Davenport, IA Not Available 199,039 64,301 134,739   1,863 3,108 129,767    
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments Trailing 12 3,765,413 1,788,833 1,976,580 8.2% 35,820 33,799 1,906,961 1.20 7.9%
11 Loan   Pacific Corporate Center Not Available 2,763,334 653,270 2,110,064 10.4% 25,295 80,102 2,004,667 2.07 9.9%
12 Loan   1900 Midtown - Boca Raton Trailing 12 3,376,199 1,366,373 2,009,827 10.0% 38,317 128,538 1,842,972 1.48 9.2%
13 Loan 8, 41 Tulsa Office Portfolio Not Available 12,461,215 6,126,333 6,334,882 13.0% 228,247 887,866 5,218,769 1.62 10.7%
13.01 Property   Exchange Tower Not Available 2,548,593 1,021,410 1,527,183   22,508 181,822 1,322,853    
13.02 Property   Towne Center Not Available 2,151,138 1,006,660 1,144,477   33,035 109,470 1,001,972    
13.03 Property   Two Memorial Place Not Available 2,152,254 853,133 1,299,122   16,626 175,232 1,107,264    
13.04 Property   Triad Center I Not Available 1,165,754 760,972 404,783   41,782 102,316 260,685    
13.05 Property   Corporate Place Not Available 1,178,393 748,320 430,073   21,995 85,571 322,508    
13.06 Property   The 51 Yale Building Not Available 1,197,724 413,719 784,005   17,333 87,148 679,525    
13.07 Property   Commerce Tower Not Available 1,037,602 619,174 418,428   18,908 85,039 314,480    
13.08 Property   Riverbridge Office Not Available 474,539 420,825 53,713   30,096 24,176 (559)    
13.09 Property   Three Memorial Place Not Available 555,219 282,121 273,098   25,964 37,092 210,042    
14 Loan   Hopkinsville Towne Center Not Available 2,512,930 589,704 1,923,226 10.6% 27,718 87,307 1,808,201 1.53 10.0%
15 Loan 8, 42, 43 Soho Beach House Trailing 12 46,662,860 31,272,205 15,390,655 28.0% 1,252,503 0 14,138,153 4.75 25.7%
16 Loan 8, 13, 44, 45, 46 57 East 11th Street Not Available 5,215,222 838,283 4,376,939 8.0% 12,275 184,308 4,180,356 1.55 7.6%
17 Loan   Borel Square Shopping Center Not Available 2,284,083 861,958 1,422,124 9.5% 16,706 53,392 1,352,026 1.89 9.0%
18 Loan 47, 48 Cordata Center Not Available 1,860,488 430,860 1,429,629 9.9% 19,999 78,292 1,331,338 1.46 9.2%
19 Loan 49, 50 Rosewood Inn of the Anasazi Trailing 12 9,952,528 8,034,537 1,917,991 14.8% 398,101 0 1,519,890 2.41 11.7%
20 Loan 51 42 Crosby Street Not Available 1,205,419 143,045 1,062,374 8.2% 560 32,514 1,029,300 1.67 7.9%
21 Loan   NY & PA Self Storage Portfolio Trailing 12 1,550,525 443,844 1,106,681 9.0% 11,772 0 1,094,909 1.44 8.9%
21.01 Property   Extra Space - Ballston Spa Trailing 12 1,094,611 272,550 822,061   7,797 0 814,264    
21.02 Property   Longacres Self Storage Trailing 12 455,914 171,294 284,620   3,975 0 280,645    
22 Loan   Walgreens Flushing & Steinway Mixed Use Not Available 1,329,033 236,919 1,092,115 9.1% 4,918 9,589 1,077,608 1.43 9.0%
22.01 Property   Walgreens Flushing Not Available 718,237 21,547 696,690   0 0 696,690    
22.02 Property   30-59 Steinway Street Not Available 610,796 215,372 395,425   4,918 9,589 380,918    
23 Loan   Shoprite at Greenport Not Available 1,177,392 242,960 934,432 9.0% 11,329 40,660 882,444 1.67 8.5%
24 Loan 52 Fairview Centre Not Available 1,729,317 732,229 997,087 9.7% 22,748 72,033 902,307 1.30 8.8%
25 Loan 53, 54, 55 Canal Place Not Available 3,013,146 1,778,462 1,234,684 12.1% 93,252 115,766 1,025,667 1.46 10.0%
26 Loan   Walgreens EJR Portfolio Not Available 1,038,748 31,162 1,007,585 10.0% 4,329 7,872 995,384 2.07 9.9%
26.01 Property   Walgreens - Minnesota Not Available 381,713 11,451 370,261   1,482 0 368,779    
26.02 Property   Walgreens - New York Not Available 332,220 9,967 322,253   1,482 0 320,771    
26.03 Property   Walgreens - Texas Not Available 324,815 9,744 315,071   1,365 7,872 305,833    
27 Loan 56 2325 Crenshaw Boulevard Not Available 1,536,976 465,261 1,071,715 10.7% 12,161 32,323 1,027,232 2.03 10.3%
28 Loan   Gilbert Crossing Trailing 12 1,224,526 306,435 918,090 11.4% 14,385 70,659 833,046 1.66 10.3%
29 Loan   American Blue Ribbon HQ Not Available 1,117,303 70,744 1,046,558 14.3% 12,041 48,371 986,146 2.10 13.5%
30 Loan   22 & 24 Wyckoff Avenue Not Available 644,150 138,276 505,874 7.4% 1,271 15,752 488,851 1.38 7.2%
31 Loan   Maxatawny Marketplace Not Available 1,217,034 449,582 767,452 11.3% 6,186 19,972 741,295 2.08 10.9%
32 Loan 57 Colson Portfolio Not Available 642,182 19,265 622,917 10.9% 32,175 19,394 571,348 1.61 10.0%
32.01 Property 57 203 Kerth Street Not Available 369,122 11,074 358,048   18,675 10,844 328,529    
32.02 Property 57 505 North Edmonds Street Not Available 273,060 8,192 264,868   13,500 8,550 242,818    
33 Loan   Shops on Garth Not Available 576,975 167,477 409,498 8.6% 2,325 18,405 388,768 1.24 8.1%
34 Loan 58 WoodSpring Suites Jacksonville Not Available 1,578,437 924,792 653,645 13.9% 63,137 0 590,507 1.82 12.6%
35 Loan 59, 60, 61, 62 The Shops at Bee Cave Not Available 611,156 148,504 462,652 10.8% 2,057 18,018 442,577 2.18 10.3%
36 Loan 63 Fresenius Medical Center East Peoria Not Available 225,930 52,302 173,628 8.8% 921 2,339 170,368 1.36 8.7%

 

A-1-7

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Appraised Value ($) Appraisal Date As Stabilized Appraised Value ($) As Stabilized Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Occupancy (%) (5) Occupancy Date ADR ($) RevPAR ($) Largest Tenant
1 Loan 8, 9, 10, 11, 12 101 California Street 1,466,000,000 11/13/2018 NAP NAP 35.9% 35.9% 92.1% 12/31/2018 NAP NAP Merrill Lynch
2 Loan 8, 13, 14 59 Maiden Lane 480,000,000 4/1/2019 NAP NAP 41.7% 41.7% 98.1% 12/24/2018 NAP NAP NYDCAS
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 365,000,000 2/1/2019 400,000,000 9/1/2019 42.5% 42.5% 100.0% 4/1/2019 NAP NAP Facebook
4 Loan 8 Albertsons Industrial - PA 117,000,000 11/28/2018 NAP NAP 65.6% 65.6% 100.0% 4/1/2019 NAP NAP Albertsons
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 268,600,000 3/1/2019 NAP NAP 67.0% 54.9% 98.9% 2/1/2019 NAP NAP Regal Cinema
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 141,100,000 Various 164,700,000 4/1/2020 60.7% 60.7% 79.2%   140.35 111.20  
6.01 Property   Residence Inn Salt Lake City 32,500,000 3/19/2019 41,200,000 4/1/2020     74.4% 2/28/2019 143.33 106.66 NAP
6.02 Property 26 Hampton Inn Santa Barbara 31,500,000 3/15/2019 33,200,000 4/1/2020     82.8% 2/28/2019 186.76 154.60 NAP
6.03 Property 26, 27 Hampton Inn Bloomington 22,600,000 3/14/2019 26,300,000 4/1/2020     86.3% 2/28/2019 128.71 111.12 NAP
6.04 Property 26 Hampton Inn Norwood 22,000,000 3/20/2019 23,900,000 4/1/2020     76.8% 2/28/2019 136.95 105.19 NAP
6.05 Property 27 Springhill Suites Bloomington 18,400,000 3/14/2019 21,300,000 4/1/2020     87.0% 2/28/2019 127.34 110.80 NAP
6.06 Property   Hyatt Place Arlington 14,100,000 3/18/2019 18,800,000 4/1/2020     71.1% 2/28/2019 127.17 90.47 NAP
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 290,100,000 9/19/2018 290,500,000 3/1/2019 37.9% 37.9% 92.6% 12/16/2018 NAP NAP NAP
8 Loan 8, 10 Lakeside Apartments 101,500,000 12/31/2018 109,400,000 1/1/2022 69.0% 69.0% 97.4% 12/27/2018 NAP NAP NAP
9 Loan 33, 34, 35 RR America Portfolio 39,170,000 3/1/2019 NAP NAP 63.0% 47.7% 100.0%   NAP NAP  
9.01 Property   Grifols - Bellflower, CA 6,200,000 1/14/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.02 Property   Grifols - San Antonio, TX 4,880,000 1/18/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.03 Property   Grifols - Greenville, NC 3,470,000 1/16/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.04 Property   Kedrion - Longview, TX 2,890,000 1/21/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Kedrion
9.05 Property   Kedrion - Sarasota, FL 3,370,000 1/17/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Kedrion
9.06 Property   Grifols - Alexandria, LA 2,940,000 1/22/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.07 Property   Grifols - Anderson, IN 3,010,000 1/21/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.08 Property   Grifols - Flint, MI 2,880,000 1/17/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.09 Property   Grifols - El Paso, TX 2,840,000 1/21/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.10 Property   Grifols - Nashville, TN 2,500,000 1/9/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Grifols
9.11 Property   CSL - Davenport, IA 2,320,000 1/11/2019 NAP NAP     100.0% 4/1/2019 NAP NAP CSL
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 34,700,000 2/1/2019 35,300,000 2/1/2020 68.4% 60.8% 98.4% 2/13/2019 NAP NAP Marble Room
11 Loan   Pacific Corporate Center 32,000,000 1/31/2019 NAP NAP 63.6% 63.6% 100.0% 4/1/2019 NAP NAP Form Factor
12 Loan   1900 Midtown - Boca Raton 28,400,000 2/26/2019 NAP NAP 70.4% 62.0% 90.6% 3/13/2019 NAP NAP Garda Supplies Rental & Services, LTD
13 Loan 8, 41 Tulsa Office Portfolio 67,400,000 12/12/2018 74,600,000 Various 72.1% 59.9% 76.6%   NAP NAP  
13.01 Property   Exchange Tower 15,700,000 12/12/2018 NAP NAP     95.8% 12/7/2018 NAP NAP QPS
13.02 Property   Towne Center 12,200,000 12/12/2018 12,800,000 12/12/2019     78.2% 12/27/2018 NAP NAP Tulsa Pain Consultants
13.03 Property   Two Memorial Place 10,600,000 12/12/2018 11,700,000 12/12/2020     83.4% 12/27/2018 NAP NAP Finance of America Reverse
13.04 Property   Triad Center I 7,900,000 12/12/2018 10,300,000 1/12/2022     51.5% 11/30/2018 NAP NAP Kivell Rayment & Francis
13.05 Property   Corporate Place 5,400,000 12/12/2018 6,500,000 12/12/2019     75.1% 12/27/2018 NAP NAP OK Employment Security
13.06 Property   The 51 Yale Building 5,300,000 12/12/2018 NAP NAP     91.4% 12/27/2018 NAP NAP GSA/Department of Veteran Affairs
13.07 Property   Commerce Tower 4,300,000 12/12/2018 5,400,000 12/12/2019     78.0% 12/27/2018 NAP NAP PPM Global Resources
13.08 Property   Riverbridge Office 3,300,000 12/12/2018 4,000,000 12/12/2019     49.2% 12/27/2018 NAP NAP Bravo Natural Resources, LLC
13.09 Property   Three Memorial Place 2,700,000 12/12/2018 2,900,000 12/12/2019     72.0% 12/27/2018 NAP NAP GSA/DEA
14 Loan   Hopkinsville Towne Center 25,500,000 9/10/2018 NAP NAP 70.9% 58.8% 97.5% 5/2/2019 NAP NAP Hobby Lobby
15 Loan 8, 42, 43 Soho Beach House 214,000,000 11/1/2018 231,500,000 11/1/2020 25.7% 25.7% 90.2% 1/31/2019 533.06 480.53 NAP
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 76,000,000 1/29/2019 92,000,000 2/1/2020 59.8% 59.8% 100.0% 4/1/2019 NAP NAP WeWork
17 Loan   Borel Square Shopping Center 32,300,000 3/14/2019 NAP NAP 46.4% 46.4% 97.6% 4/8/2019 NAP NAP 24 Hour Fitness
18 Loan 47, 48 Cordata Center 22,500,000 3/13/2019 NAP NAP 64.0% 56.5% 100.0% 3/14/2019 NAP NAP Hobby Lobby
19 Loan 49, 50 Rosewood Inn of the Anasazi 24,000,000 2/25/2019 25,500,000 3/1/2020 54.2% 54.2% 84.5% 2/28/2019 369.46 312.17 NAP
20 Loan 51 42 Crosby Street 20,000,000 2/5/2019 NAP NAP 65.0% 65.0% 100.0% 3/28/2019 NAP NAP Modcloth
21 Loan   NY & PA Self Storage Portfolio 17,810,000 Various NAP NAP 69.3% 60.8% 90.1%   NAP NAP  
21.01 Property   Extra Space - Ballston Spa 12,820,000 3/1/2019 NAP NAP     93.5% 1/31/2019 NAP NAP NAP
21.02 Property   Longacres Self Storage 4,990,000 2/27/2019 NAP NAP     83.6% 1/17/2019 NAP NAP NAP
22 Loan   Walgreens Flushing & Steinway Mixed Use 22,500,000 Various NAP NAP 53.3% 45.9% 100.0%   NAP NAP  
22.01 Property   Walgreens Flushing 12,500,000 2/1/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Walgreens
22.02 Property   30-59 Steinway Street 10,000,000 2/8/2019 NAP NAP     100.0% 1/1/2019 NAP NAP Mattress Firm
23 Loan   Shoprite at Greenport 16,000,000 1/18/2019 NAP NAP 65.0% 65.0% 100.0% 4/1/2019 NAP NAP ShopRite
24 Loan 52 Fairview Centre 14,440,000 12/1/2018 14,750,000 6/1/2019 71.1% 59.3% 85.3% 1/4/2019 NAP NAP Giant Eagle
25 Loan 53, 54, 55 Canal Place 17,000,000 1/7/2019 NAP NAP 60.2% 50.5% 89.9% 3/1/2019 NAP NAP GPD Associates, Inc.
26 Loan   Walgreens EJR Portfolio 16,480,000 Various NAP NAP 61.3% 61.3% 100.0%   NAP NAP  
26.01 Property   Walgreens - Minnesota 6,240,000 1/10/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Walgreens
26.02 Property   Walgreens - New York 5,100,000 1/9/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Walgreens
26.03 Property   Walgreens - Texas 5,140,000 1/9/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Walgreens
27 Loan 56 2325 Crenshaw Boulevard 16,300,000 12/4/2018 NAP NAP 61.3% 61.3% 100.0% 4/1/2019 NAP NAP LA County DCFS
28 Loan   Gilbert Crossing 11,300,000 2/28/2019 NAP NAP 71.2% 58.0% 98.1% 3/21/2019 NAP NAP Crunch Fitness
29 Loan   American Blue Ribbon HQ 14,000,000 2/1/2019 NAP NAP 52.2% 42.9% 100.0% 4/1/2019 NAP NAP American Blue Ribbon Holdings
30 Loan   22 & 24 Wyckoff Avenue 11,000,000 1/25/2019 NAP NAP 61.8% 61.8% 100.0% 3/1/2019 NAP NAP Hana Grocery
31 Loan   Maxatawny Marketplace 10,500,000 1/12/2019 NAP NAP 64.5% 64.5% 100.0% 2/11/2019 NAP NAP Giant
32 Loan 57 Colson Portfolio 9,500,000 Various NAP NAP 60.0% 55.1% 100.0%   NAP NAP  
32.01 Property 57 203 Kerth Street 5,600,000 2/14/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Colson
32.02 Property 57 505 North Edmonds Street 3,900,000 2/27/2019 NAP NAP     100.0% 4/1/2019 NAP NAP Colson
33 Loan   Shops on Garth 6,450,000 12/17/2018 NAP NAP 74.3% 61.5% 100.0% 12/1/2018 NAP NAP Sherwin Williams
34 Loan 58 WoodSpring Suites Jacksonville 8,300,000 1/22/2019 NAP NAP 56.5% 47.5% 82.1% 12/31/2018 47.34 40.02 NAP
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 7,800,000 12/21/2018 NAP NAP 55.1% 55.1% 100.0% 2/1/2019 NAP NAP Schlotzsky’s
36 Loan 63 Fresenius Medical Center East Peoria 2,350,000 1/11/2019 2,800,000 3/1/2019 70.1% 57.5% 100.0% 4/1/2019 NAP NAP Fresenius Kidney Care East Peoria Home Therapies

 

A-1-8

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Largest Tenant Sq Ft Largest Tenant Lease Expiration (6) Second Largest Tenant Second Largest Tenant Sq Ft Second Largest Tenant Lease Expiration (6) Third Largest Tenant Third Largest Tenant Sq Ft Third Largest Tenant Lease Expiration (6) Fourth Largest Tenant Fourth Largest Tenant Sq Ft
1 Loan 8, 9, 10, 11, 12 101 California Street 121,986 10/31/2022 Cooley LLP 112,305 12/31/2020 Morgan Stanley 91,068 1/31/2028 Deutsche Bank 60,311
2 Loan 8, 13, 14 59 Maiden Lane 702,283 8/31/2021 People of the State of NY 84,729 6/30/2025 London Fischer LLP 59,896 7/31/2027 AmTrust Financial Services 39,992
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 350,633 5/31/2034 NAP     NAP     NAP  
4 Loan 8 Albertsons Industrial - PA 1,539,407 1/31/2039 NAP     NAP     NAP  
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 86,231 1/31/2020 Best Buy 46,094 1/31/2021 Jo-Ann Fabrics 35,000 1/31/2024 Bed Bath & Beyond 30,616
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio                    
6.01 Property   Residence Inn Salt Lake City     NAP     NAP     NAP  
6.02 Property 26 Hampton Inn Santa Barbara     NAP     NAP     NAP  
6.03 Property 26, 27 Hampton Inn Bloomington     NAP     NAP     NAP  
6.04 Property 26 Hampton Inn Norwood     NAP     NAP     NAP  
6.05 Property 27 Springhill Suites Bloomington     NAP     NAP     NAP  
6.06 Property   Hyatt Place Arlington     NAP     NAP     NAP  
7 Loan 8, 28, 29, 30, 31, 32 365 Bond     NAP     NAP     NAP  
8 Loan 8, 10 Lakeside Apartments     NAP     NAP     NAP  
9 Loan 33, 34, 35 RR America Portfolio                    
9.01 Property   Grifols - Bellflower, CA 15,218 9/30/2023 NAP     NAP     NAP  
9.02 Property   Grifols - San Antonio, TX 15,436 1/31/2024 NAP     NAP     NAP  
9.03 Property   Grifols - Greenville, NC 12,525 2/28/2031 NAP     NAP     NAP  
9.04 Property   Kedrion - Longview, TX 14,120 11/30/2031 NAP     NAP     NAP  
9.05 Property   Kedrion - Sarasota, FL 10,170 6/30/2031 NAP     NAP     NAP  
9.06 Property   Grifols - Alexandria, LA 15,615 8/31/2025 NAP     NAP     NAP  
9.07 Property   Grifols - Anderson, IN 14,821 7/31/2025 NAP     NAP     NAP  
9.08 Property   Grifols - Flint, MI 15,528 6/30/2025 NAP     NAP     NAP  
9.09 Property   Grifols - El Paso, TX 15,551 7/31/2025 NAP     NAP     NAP  
9.10 Property   Grifols - Nashville, TN 18,081 3/31/2026 NAP     NAP     NAP  
9.11 Property   CSL - Davenport, IA 10,350 2/29/2032 NAP     NAP     NAP  
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 22,423 2/29/2032 Harness Cycle 5,176 1/31/2027 Shake Shack 4,200 5/31/2029 NAP  
11 Loan   Pacific Corporate Center 168,636 12/31/2028 NAP     NAP     NAP  
12 Loan   1900 Midtown - Boca Raton 24,000 5/31/2026 Stearns, Conrad and Schmidt Consulting 7,703 7/31/2025 U.S. Legal Support, Inc. 7,073 6/30/2023 Oriental Pension Consultant Inc. 5,013
13 Loan 8, 41 Tulsa Office Portfolio                    
13.01 Property   Exchange Tower 57,937 9/30/2023 Arvest Bank 42,951 12/31/2022 Garmin International, Inc. 15,415 6/30/2021 Spectrio 8,000
13.02 Property   Towne Center 22,719 8/31/2023 Oklahoma Wesleyan University 18,481 2/28/2021 Carrefour Associates, LLC 16,400 7/31/2020 Jeanmarie Creations, LLC 12,413
13.03 Property   Two Memorial Place 18,140 2/28/2025 GSA/FBI 17,119 7/8/2030 IRS 17,050 2/28/2029 Tulsa Abstract & Title Co. 10,076
13.04 Property   Triad Center I 11,862 12/31/2020 Progressive Casualty Insurance 7,951 2/28/2023 Triad Bank 7,311 7/31/2020 Petro-Chem Development Co. 6,676
13.05 Property   Corporate Place 13,000 5/31/2019 Enacomm, Inc 8,392 9/30/2020 Megasys Hospitality Systems 4,256 2/28/2020 Precision Engineering Group 4,187
13.06 Property   The 51 Yale Building 12,650 5/31/2028 Orthopedic Trauma Service OK 8,258 8/31/2023 Farmers National Company 8,099 5/31/2019 Tulsa Ctr for Child Psychology 6,962
13.07 Property   Commerce Tower 9,745 3/31/2021 Sisu Energy & Environmental 6,482 4/30/2021 City National Bank and Trust 5,057 12/31/2022 Jack Zurawik 4,928
13.08 Property   Riverbridge Office 17,303 5/31/2019 Equus Environmental 5,846 6/30/2021 Integra Realty Resources 3,971 5/31/2019 State of Texas 3,282
13.09 Property   Three Memorial Place 9,566 1/22/2028 GSA/ONRR 7,561 10/31/2023 McClure Engineering Company 4,337 3/31/2022 Rural Enterprises of Oklahoma 2,671
14 Loan   Hopkinsville Towne Center 55,000 9/30/2032 Burkes Outlet 20,000 1/31/2028 T.J. Maxx 20,000 9/30/2027 PetSmart 18,188
15 Loan 8, 42, 43 Soho Beach House     NAP     NAP     NAP  
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 61,375 10/31/2034 NAP     NAP     NAP  
17 Loan   Borel Square Shopping Center 41,599 7/31/2023 CVS 25,542 2/29/2024 Jacks San Mateo 6,500 4/30/2029 Patelco 4,472
18 Loan 47, 48 Cordata Center 61,640 5/31/2030 HomeGoods 27,006 4/30/2028 Sierra Trading Post 23,129 4/30/2028 Summit Trampoline Park 21,551
19 Loan 49, 50 Rosewood Inn of the Anasazi     NAP     NAP     NAP  
20 Loan 51 42 Crosby Street 1,824 7/31/2029 Greats 1,039 2/28/2022 Hourglass Cosmetics 873 8/31/2027 NAP  
21 Loan   NY & PA Self Storage Portfolio                    
21.01 Property   Extra Space - Ballston Spa     NAP     NAP     NAP  
21.02 Property   Longacres Self Storage     NAP     NAP     NAP  
22 Loan   Walgreens Flushing & Steinway Mixed Use                    
22.01 Property   Walgreens Flushing 7,800 12/31/2048 NAP     NAP     NAP  
22.02 Property   30-59 Steinway Street 7,580 11/30/2023 Beauty Salon 1,568 7/22/2024 Carlin Contracting 441 7/31/2024 NAP  
23 Loan   Shoprite at Greenport 75,525 10/31/2038 NAP     NAP     NAP  
24 Loan 52 Fairview Centre 56,400 12/31/2027 Fairview Lanes 18,000 5/31/2021 KeyBank 9,870 9/30/2028 Dollar Tree 9,178
25 Loan 53, 54, 55 Canal Place 109,234 11/30/2024 PerkinElmer 12,493 10/31/2023 BGI, LLC 10,602 9/30/2021 Gojo Industries 9,991
26 Loan   Walgreens EJR Portfolio                    
26.01 Property   Walgreens - Minnesota 14,820 8/31/2031 NAP     NAP     NAP  
26.02 Property   Walgreens - New York 14,820 8/31/2032 NAP     NAP     NAP  
26.03 Property   Walgreens - Texas 13,650 4/30/2028 NAP     NAP     NAP  
27 Loan 56 2325 Crenshaw Boulevard 60,804 6/5/2024 NAP     NAP     NAP  
28 Loan   Gilbert Crossing 25,067 7/31/2028 Global Bikes 5,274 10/4/2023 UMB Bank, NA 5,114 2/28/2021 Child Development Schools 4,774
29 Loan   American Blue Ribbon HQ 60,205 3/21/2034 NAP     NAP     NAP  
30 Loan   22 & 24 Wyckoff Avenue 5,700 10/31/2028 Dock Restaurant 1,766 4/30/2026 Hana Wine 1,005 12/31/2028 NAP  
31 Loan   Maxatawny Marketplace 53,914 2/28/2033 Auto Zone 6,816 8/31/2033 Envy Spa and Nails 1,975 1/31/2029 Subway 1,600
32 Loan 57 Colson Portfolio                    
32.01 Property 57 203 Kerth Street 124,500 2/28/2039 NAP     NAP     NAP  
32.02 Property 57 505 North Edmonds Street 90,000 2/28/2039 NAP     NAP     NAP  
33 Loan   Shops on Garth 4,500 3/31/2028 Burgerim 1,800 5/31/2028 Little Caesars 1,650 7/31/2023 Foot Reflexology 1,400
34 Loan 58 WoodSpring Suites Jacksonville     NAP     NAP     NAP  
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 3,400 2/29/2028 F-45 Training Centers 2,831 6/30/2025 Tjay Modern Nails 1,935 11/30/2025 Quick Weight Loss Centers 1,600
36 Loan 63 Fresenius Medical Center East Peoria 6,140 3/31/2034 NAP     NAP     NAP  

 

A-1-9

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Fourth Largest Tenant Lease Expiration (6) Fifth Largest Tenant Fifth Largest Tenant Sq Ft Fifth Largest Tenant Lease Expiration (6) Environmental Phase I Report Date Environmental Phase II Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Earthquake Insurance Required Upfront RE Tax Reserve ($)
1 Loan 8, 9, 10, 11, 12 101 California Street 12/31/2024 Winston & Strawn 52,235 10/31/2024 11/16/2018 No NAP 11/27/2018 11/30/2018 18% No 0
2 Loan 8, 13, 14 59 Maiden Lane 5/31/2023 Maiden Farm, Inc. 22,726 7/31/2025 3/23/2019 No NAP 3/21/2019 NAP NAP No 4,650,281
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V   NAP     2/12/2019 No NAP 2/12/2019 2/8/2019 2% No 0
4 Loan 8 Albertsons Industrial - PA   NAP     12/13/2018 No NAP 12/21/2018 NAP NAP No 0
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 1/31/2020 Ross Dress For Less 30,184 1/31/2021 3/11/2019 No NAP 3/11/2019 NAP NAP No 339,161
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio                     No 217,898
6.01 Property   Residence Inn Salt Lake City   NAP     1/14/2019 No NAP 1/14/2019 1/14/2019 10% No  
6.02 Property 26 Hampton Inn Santa Barbara   NAP     1/14/2019 No NAP 1/14/2019 1/14/2019 10% No  
6.03 Property 26, 27 Hampton Inn Bloomington   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
6.04 Property 26 Hampton Inn Norwood   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
6.05 Property 27 Springhill Suites Bloomington   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
6.06 Property   Hyatt Place Arlington   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
7 Loan 8, 28, 29, 30, 31, 32 365 Bond   NAP     9/28/2018 No NAP 10/1/2018 NAP NAP No 24,180
8 Loan 8, 10 Lakeside Apartments   NAP     1/3/2019 No NAP 1/17/2019 NAP NAP No 672,526
9 Loan 33, 34, 35 RR America Portfolio                     No 0
9.01 Property   Grifols - Bellflower, CA   NAP     1/10/2019 No NAP 1/10/2019 1/8/2019 6% No  
9.02 Property   Grifols - San Antonio, TX   NAP     1/8/2019 No NAP 1/11/2019 NAP NAP No  
9.03 Property   Grifols - Greenville, NC   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
9.04 Property   Kedrion - Longview, TX   NAP     1/10/2019 No NAP 1/11/2019 NAP NAP No  
9.05 Property   Kedrion - Sarasota, FL   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
9.06 Property   Grifols - Alexandria, LA   NAP     1/14/2019 No NAP 1/8/2019 NAP NAP No  
9.07 Property   Grifols - Anderson, IN   NAP     1/9/2019 No NAP 1/7/2019 NAP NAP No  
9.08 Property   Grifols - Flint, MI   NAP     1/7/2019 No NAP 1/4/2019 NAP NAP No  
9.09 Property   Grifols - El Paso, TX   NAP     1/7/2019 No NAP 1/11/2019 NAP NAP No  
9.10 Property   Grifols - Nashville, TN   NAP     1/15/2019 No NAP 1/16/2019 NAP NAP No  
9.11 Property   CSL - Davenport, IA   NAP     1/14/2019 No NAP 1/14/2019 NAP NAP No  
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments   NAP     3/12/2019 No NAP 3/19/2019 NAP NAP No 148,378
11 Loan   Pacific Corporate Center   NAP     12/19/2018 No NAP 2/4/2019 2/5/2019 16% No 0
12 Loan   1900 Midtown - Boca Raton 8/31/2023 Daniel B. Katz & Associates Corp 4,484 11/30/2021 3/6/2019 No NAP 3/6/2019 NAP NAP No 258,575
13 Loan 8, 41 Tulsa Office Portfolio                     No 335,125
13.01 Property   Exchange Tower 4/30/2021 Armor Energy, LLC 7,658 12/31/2020 11/13/2018 No NAP 11/13/2018 NAP NAP No  
13.02 Property   Towne Center 6/30/2023 Golden Fields Services 9,503 9/30/2019 11/13/2018 No NAP 11/13/2018 NAP NAP No  
13.03 Property   Two Memorial Place 9/30/2019 Triad Eye Institute 9,444 6/30/2020 11/13/2018 No NAP 11/13/2018 NAP NAP No  
13.04 Property   Triad Center I 4/30/2022 FDIC 5,927 7/31/2020 12/28/2018 No NAP 12/21/2018 NAP NAP No  
13.05 Property   Corporate Place 12/31/2022 JMARK Business Solutions, Inc 3,594 10/31/2019 11/13/2018 No NAP 11/13/2018 NAP NAP No  
13.06 Property   The 51 Yale Building MTM Therapy 4 Kids 6,228 7/31/2022 11/13/2018 No NAP 11/13/2018 NAP NAP No  
13.07 Property   Commerce Tower 7/31/2019 Joshi Technologies Int’l., Inc 4,732 6/30/2020 1/17/2019 No NAP 11/13/2018 NAP NAP No  
13.08 Property   Riverbridge Office 10/31/2024 GSA/Trustee Amer Indians 2,236 4/30/2033 11/13/2018 No NAP 11/13/2018 NAP NAP No  
13.09 Property   Three Memorial Place 6/30/2019 Crescent Bank & Trust 2,530 9/30/2019 11/13/2018 No NAP 11/13/2018 NAP NAP No  
14 Loan   Hopkinsville Towne Center 9/30/2027 Ross Dress For Less 18,000 1/31/2028 9/18/2018 No NAP 9/19/2018 NAP NAP No 0
15 Loan 8, 42, 43 Soho Beach House   NAP     11/7/2018 No NAP 1/17/2019 NAP NAP No 159,972
16 Loan 8, 13, 44, 45, 46 57 East 11th Street   NAP     4/18/2019 No NAP 4/17/2019 NAP NAP No 276,521
17 Loan   Borel Square Shopping Center 12/31/2021 Windy City Pizza 3,144 1/31/2024 3/20/2019 No NAP 3/19/2019 3/19/2019 8% No 32,296
18 Loan 47, 48 Cordata Center 4/30/2026 NAP     2/14/2019 No NAP 2/14/2019 2/14/2019 13% No 11,881
19 Loan 49, 50 Rosewood Inn of the Anasazi   NAP     3/6/2019 No NAP 3/6/2019 NAP NAP No 17,167
20 Loan 51 42 Crosby Street   NAP     2/15/2019 No NAP 2/15/2019 NAP NAP No 25,842
21 Loan   NY & PA Self Storage Portfolio                     No 52,648
21.01 Property   Extra Space - Ballston Spa   NAP     3/12/2019 No NAP 3/12/2019 NAP NAP No  
21.02 Property   Longacres Self Storage   NAP     2/27/2019 No NAP 2/28/2019 NAP NAP No  
22 Loan   Walgreens Flushing & Steinway Mixed Use                     No 56,870
22.01 Property   Walgreens Flushing   NAP     2/14/2019 No NAP 2/14/2019 NAP NAP No  
22.02 Property   30-59 Steinway Street   NAP     2/25/2019 No NAP 2/20/2019 NAP NAP No  
23 Loan   Shoprite at Greenport   NAP     2/7/2019 No NAP 2/7/2019 NAP NAP No 0
24 Loan 52 Fairview Centre 6/30/2023 Goldfish Swim 8,900 1/31/2031 5/30/2018 No NAP 5/30/2018 NAP NAP No 62,780
25 Loan 53, 54, 55 Canal Place 4/30/2022 Kozmic Korner, Inc. 7,704 3/31/2021 3/5/2019 No NAP 1/9/2019 NAP NAP No 3,909
26 Loan   Walgreens EJR Portfolio                     No 0
26.01 Property   Walgreens - Minnesota   NAP     1/18/2019 No NAP 1/10/2019 NAP NAP No  
26.02 Property   Walgreens - New York   NAP     1/18/2019 No NAP 1/4/2019 NAP NAP No  
26.03 Property   Walgreens - Texas   NAP     1/19/2019 No NAP 1/14/2019 NAP NAP No  
27 Loan 56 2325 Crenshaw Boulevard   NAP     12/6/2018 No NAP 12/6/2018 12/7/2018 7% No 0
28 Loan   Gilbert Crossing 8/31/2022 Desert Massage 3,818 10/31/2022 11/21/2018 No NAP 11/21/2018 NAP NAP No 38,462
29 Loan   American Blue Ribbon HQ   NAP     2/28/2019 No NAP 2/28/2019 NAP NAP No 0
30 Loan   22 & 24 Wyckoff Avenue   NAP     3/6/2019 No NAP 2/5/2019 NAP NAP No 38,319
31 Loan   Maxatawny Marketplace 6/30/2023 AT&T Wireless 1,600 7/31/2021 1/16/2019 No NAP 1/16/2019 NAP NAP No 81,231
32 Loan 57 Colson Portfolio                     No 0
32.01 Property 57 203 Kerth Street   NAP     8/21/2018 No NAP 8/20/2018 NAP NAP No  
32.02 Property 57 505 North Edmonds Street   NAP     1/31/2019 No NAP 8/27/2018 4/15/2019 13% No  
33 Loan   Shops on Garth 7/31/2023 Love to Cut 1,300 5/31/2023 1/11/2019 No NAP 1/11/2019 NAP NAP No 42,440
34 Loan 58 WoodSpring Suites Jacksonville   NAP     1/29/2019 No NAP 1/29/2019 NAP NAP No 4,423
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 3/31/2023 Pigtails and Crewcuts 1,448 12/31/2027 12/28/2018 No NAP 12/28/2018 NAP NAP No 22,949
36 Loan 63 Fresenius Medical Center East Peoria   NAP     1/24/2019 No NAP 1/28/2019 NAP NAP No 0

 

A-1-10

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name 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 ($) Upfront Debt Service Reserve ($) Ongoing Debt Service Reserve ($) Upfront Deferred Maintenance Reserve ($) Ongoing Deferred Maintenance Reserve ($)
1 Loan 8, 9, 10, 11, 12 101 California Street 0 0 0 0 0 500,606 0 0 2,503,030 0 0 0 0
2 Loan 8, 13, 14 59 Maiden Lane 930,056 0 0 0 0 0 0 0 18,000,000 0 0 0 0
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 87,587 0 0 0 0 0 29,997,618 0 0 0 0 0 0
4 Loan 8 Albertsons Industrial - PA 0 0 0 0 0 0 0 0 0 0 0 0 0
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 169,580 0 0 0 11,521 500,000 5,000,000 57,605 7,500,000 0 0 0 0
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 217,898 0 0 0 114,243 0 0 0 0 0 0 95,607 0
6.01 Property   Residence Inn Salt Lake City                          
6.02 Property 26 Hampton Inn Santa Barbara                          
6.03 Property 26, 27 Hampton Inn Bloomington                          
6.04 Property 26 Hampton Inn Norwood                          
6.05 Property 27 Springhill Suites Bloomington                          
6.06 Property   Hyatt Place Arlington                          
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 24,180 0 0 0 0 537,500 0 0 0 0 0 0 0
8 Loan 8, 10 Lakeside Apartments 84,066 50,295 12,574 265,824 11,833 0 0 0 0 0 0 0 0
9 Loan 33, 34, 35 RR America Portfolio 0 0 0 0 2,361 85,004 275,000 0 275,000 0 0 0 0
9.01 Property   Grifols - Bellflower, CA                          
9.02 Property   Grifols - San Antonio, TX                          
9.03 Property   Grifols - Greenville, NC                          
9.04 Property   Kedrion - Longview, TX                          
9.05 Property   Kedrion - Sarasota, FL                          
9.06 Property   Grifols - Alexandria, LA                          
9.07 Property   Grifols - Anderson, IN                          
9.08 Property   Grifols - Flint, MI                          
9.09 Property   Grifols - El Paso, TX                          
9.10 Property   Grifols - Nashville, TN                          
9.11 Property   CSL - Davenport, IA                          
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 24,730 57,988 9,665 0 2,985 0 126,000 2,817 0 0 0 10,625 0
11 Loan   Pacific Corporate Center 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Loan   1900 Midtown - Boca Raton 32,322 22,336 7,445 0 3,193 0 0 9,676 0 0 0 59,750 0
13 Loan 8, 41 Tulsa Office Portfolio 83,781 0 0 302,513 19,231 0 3,750,000 0 3,750,000 0 0 997,487 0
13.01 Property   Exchange Tower                          
13.02 Property   Towne Center                          
13.03 Property   Two Memorial Place                          
13.04 Property   Triad Center I                          
13.05 Property   Corporate Place                          
13.06 Property   The 51 Yale Building                          
13.07 Property   Commerce Tower                          
13.08 Property   Riverbridge Office                          
13.09 Property   Three Memorial Place                          
14 Loan   Hopkinsville Towne Center 22,059 7,348 3,674 0 0 0 200,000 8,333 600,000 0 0 0 0
15 Loan 8, 42, 43 Soho Beach House 26,662 340,170 48,596 2,500,000 102,890 0 0 0 0 0 0 0 0
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 46,087 0 0 0 1,023 0 0 0 0 0 0 0 0
17 Loan   Borel Square Shopping Center 16,148 14,085 2,347 0 1,392 0 0 0 0 0 0 0 0
18 Loan 47, 48 Cordata Center 11,881 0 0 0 1,667 59,500 0 8,333 298,000 0 0 0 0
19 Loan 49, 50 Rosewood Inn of the Anasazi 8,584 18,306 9,153 0 32,952 0 0 0 0 0 0 0 0
20 Loan 51 42 Crosby Street 6,460 0 0 0 47 0 223,144 0 0 0 0 0 0
21 Loan   NY & PA Self Storage Portfolio 5,850 13,881 1,157 0 981 0 0 0 0 0 0 11,438 0
21.01 Property   Extra Space - Ballston Spa                          
21.02 Property   Longacres Self Storage                          
22 Loan   Walgreens Flushing & Steinway Mixed Use 11,374 10,861 1,207 0 713 0 0 0 0 0 0 16,531 0
22.01 Property   Walgreens Flushing                          
22.02 Property   30-59 Steinway Street                          
23 Loan   Shoprite at Greenport 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Loan 52 Fairview Centre 31,390 0 0 0 1,896 150,000 0 8,333 500,000 0 0 64,735 0
25 Loan 53, 54, 55 Canal Place 1,955 0 0 0 7,771 0 0 25,000 1,500,000 0 0 52,375 0
26 Loan   Walgreens EJR Portfolio 0 0 0 0 0 0 0 0 0 0 0 0 0
26.01 Property   Walgreens - Minnesota                          
26.02 Property   Walgreens - New York                          
26.03 Property   Walgreens - Texas                          
27 Loan 56 2325 Crenshaw Boulevard 19,972 2,106 1,053 0 1,013 0 0 25,000 900,000 0 0 0 0
28 Loan   Gilbert Crossing 9,616 14,994 1,250 0 1,199 43,155 0 4,643 278,554 0 0 0 0
29 Loan   American Blue Ribbon HQ 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Loan   22 & 24 Wyckoff Avenue 7,664 9,700 1,213 0 141 0 0 0 0 0 0 0 0
31 Loan   Maxatawny Marketplace 16,246 0 0 0 80 4,800 0 1,382 82,913 0 0 0 0
32 Loan 57 Colson Portfolio 0 0 0 0 0 64,350 0 0 321,750 0 0 0 0
32.01 Property 57 203 Kerth Street                          
32.02 Property 57 505 North Edmonds Street                          
33 Loan   Shops on Garth 7,073 11,229 936 0 194 0 0 1,534 90,000 0 0 0 0
34 Loan 58 WoodSpring Suites Jacksonville 4,423 14,549 2,425 0 5,303 0 0 0 0 0 0 0 0
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 7,650 1,481 740 20,000 0 5,000 174,206 0 70,000 0 0 0 0
36 Loan 63 Fresenius Medical Center East Peoria 0 0 0 0 77 0 0 0 0 0 0 1,250 0

 

A-1-11

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Upfront Environmental Reserve ($) Ongoing Environmental Reserve ($) Upfront Other Reserve ($) Ongoing Other Reserve ($) Other Reserve Description
1 Loan 8, 9, 10, 11, 12 101 California Street 0 0 20,474,821 0 Unfunded Obligations Reserve ($10,474,821.10), Cooley Reserve ($10,000,000)
2 Loan 8, 13, 14 59 Maiden Lane 0 0 0 0  
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V 0 0 0 0  
4 Loan 8 Albertsons Industrial - PA 0 0 0 0  
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center 0 0 23,985,464 0 Regal Holdback Reserve ($22,500,000), Unfunded Obligations Reserve ($1,485,464)
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio 0 0 0 0  
6.01 Property   Residence Inn Salt Lake City          
6.02 Property 26 Hampton Inn Santa Barbara          
6.03 Property 26, 27 Hampton Inn Bloomington          
6.04 Property 26 Hampton Inn Norwood          
6.05 Property 27 Springhill Suites Bloomington          
6.06 Property   Hyatt Place Arlington          
7 Loan 8, 28, 29, 30, 31, 32 365 Bond 0 0 0 0  
8 Loan 8, 10 Lakeside Apartments 0 0 0 0  
9 Loan 33, 34, 35 RR America Portfolio 0 0 0 0  
9.01 Property   Grifols - Bellflower, CA          
9.02 Property   Grifols - San Antonio, TX          
9.03 Property   Grifols - Greenville, NC          
9.04 Property   Kedrion - Longview, TX          
9.05 Property   Kedrion - Sarasota, FL          
9.06 Property   Grifols - Alexandria, LA          
9.07 Property   Grifols - Anderson, IN          
9.08 Property   Grifols - Flint, MI          
9.09 Property   Grifols - El Paso, TX          
9.10 Property   Grifols - Nashville, TN          
9.11 Property   CSL - Davenport, IA          
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments 0 0 417,491 0 HTC Put Option Reserve ($351,159), Free Rent Reserve ($66,332)
11 Loan   Pacific Corporate Center 0 0 0 0  
12 Loan   1900 Midtown - Boca Raton 0 0 0 0  
13 Loan 8, 41 Tulsa Office Portfolio 0 0 752,849 0 Unfunded Tenant Obligation Reserve
13.01 Property   Exchange Tower          
13.02 Property   Towne Center          
13.03 Property   Two Memorial Place          
13.04 Property   Triad Center I          
13.05 Property   Corporate Place          
13.06 Property   The 51 Yale Building          
13.07 Property   Commerce Tower          
13.08 Property   Riverbridge Office          
13.09 Property   Three Memorial Place          
14 Loan   Hopkinsville Towne Center 0 0 0 0  
15 Loan 8, 42, 43 Soho Beach House 0 0 1,000,000 0 Seasonality Reserve
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 0 0 9,057,308 0 Unfunded Obligations Reserve ($6,737,608), WeWork Free Rent Reserve ($2,319,700)
17 Loan   Borel Square Shopping Center 0 0 0 0  
18 Loan 47, 48 Cordata Center 0 0 0 0  
19 Loan 49, 50 Rosewood Inn of the Anasazi 0 0 0 0  
20 Loan 51 42 Crosby Street 0 0 4,200 0 Condo Assessment Reserve
21 Loan   NY & PA Self Storage Portfolio 0 0 0 0  
21.01 Property   Extra Space - Ballston Spa          
21.02 Property   Longacres Self Storage          
22 Loan   Walgreens Flushing & Steinway Mixed Use 0 0 48,500 0 UST Abandonment Reserve
22.01 Property   Walgreens Flushing          
22.02 Property   30-59 Steinway Street          
23 Loan   Shoprite at Greenport 0 0 0 0  
24 Loan 52 Fairview Centre 0 0 77,524 0 Unfunded Obligations Reserve
25 Loan 53, 54, 55 Canal Place 0 0 11,625 0 Unfunded Obligations Reserve
26 Loan   Walgreens EJR Portfolio 0 0 0 0  
26.01 Property   Walgreens - Minnesota          
26.02 Property   Walgreens - New York          
26.03 Property   Walgreens - Texas          
27 Loan 56 2325 Crenshaw Boulevard 0 0 501,050 0 Unfunded Obligations Reserve
28 Loan   Gilbert Crossing 0 0 7,200 0 Unfunded Obligations Reserve
29 Loan   American Blue Ribbon HQ 0 0 0 0  
30 Loan   22 & 24 Wyckoff Avenue 0 0 0 0  
31 Loan   Maxatawny Marketplace 0 0 0 0  
32 Loan 57 Colson Portfolio 0 0 0 0  
32.01 Property 57 203 Kerth Street          
32.02 Property 57 505 North Edmonds Street          
33 Loan   Shops on Garth 0 0 254,468 0 Unfunded Obligations Reserve
34 Loan 58 WoodSpring Suites Jacksonville 0 0 0 0  
35 Loan 59, 60, 61, 62 The Shops at Bee Cave 0 0 2,114 0 Condo Assessments Reserve
36 Loan 63 Fresenius Medical Center East Peoria 0 0 0 0  

 

A-1-12

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Borrower Name Delaware Statutory Trust? Carve-out Guarantor
1 Loan 8, 9, 10, 11, 12 101 California Street Elm Property Venture LLC No None
2 Loan 8, 13, 14 59 Maiden Lane 59 Maiden Lane Associates, LLC No George Karfunkel and Leah Karfunkel
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V MT2 B5 LLC No Paul Guarantor LLC
4 Loan 8 Albertsons Industrial - PA Lancaster Grocery Property LLC No USRA Net Lease III Capital Corp.
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center Waterford Lakes Town Center LLC No Washington Prime Group, L.P.
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio ALDK Goleta, LLC, ALDK SLC, LLC, ALDK Arlington LLC, ALDK Bloomington 2870, LLC, ALDK Bloomington 2860, LLC and ALDK Norwood, LLC No Davidson Kempner Long-Term Distressed Opportunities Fund IV LP, DK LDOI IV Aggregate Holdco LP, Vamsikrishna Bonthala and Sheenal Patel
6.01 Property   Residence Inn Salt Lake City      
6.02 Property 26 Hampton Inn Santa Barbara      
6.03 Property 26, 27 Hampton Inn Bloomington      
6.04 Property 26 Hampton Inn Norwood      
6.05 Property 27 Springhill Suites Bloomington      
6.06 Property   Hyatt Place Arlington      
7 Loan 8, 28, 29, 30, 31, 32 365 Bond LSG 365 Bond Street LLC No LSG Enterprises LLC
8 Loan 8, 10 Lakeside Apartments Lakeside Apartments Associates LLC No Andrew Hayman and Sheldon Yellen
9 Loan 33, 34, 35 RR America Portfolio Gold Plasma, LLC No Rodney L. Savoy and Robert Gagnard
9.01 Property   Grifols - Bellflower, CA      
9.02 Property   Grifols - San Antonio, TX      
9.03 Property   Grifols - Greenville, NC      
9.04 Property   Kedrion - Longview, TX      
9.05 Property   Kedrion - Sarasota, FL      
9.06 Property   Grifols - Alexandria, LA      
9.07 Property   Grifols - Anderson, IN      
9.08 Property   Grifols - Flint, MI      
9.09 Property   Grifols - El Paso, TX      
9.10 Property   Grifols - Nashville, TN      
9.11 Property   CSL - Davenport, IA      
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments Corning Place Ohio, LLC No Frank T. Sinito and Malisse J. Sinito
11 Loan   Pacific Corporate Center FF NLA II LLC No iStar Net Lease II LLC
12 Loan   1900 Midtown - Boca Raton BREF 1900 LLC No Malcolm S. Butters, Mark N. Butters and James L. Young
13 Loan 8, 41 Tulsa Office Portfolio Tulsa Portfolio Oklahoma Realty LP; Triad Oklahoma Realty LP No Raymond Massa
13.01 Property   Exchange Tower      
13.02 Property   Towne Center      
13.03 Property   Two Memorial Place      
13.04 Property   Triad Center I      
13.05 Property   Corporate Place      
13.06 Property   The 51 Yale Building      
13.07 Property   Commerce Tower      
13.08 Property   Riverbridge Office      
13.09 Property   Three Memorial Place      
14 Loan   Hopkinsville Towne Center Sara Hopkinsville, LLC No Vicky Hartman, Vicky Hartman, as Trustee of the Joseph Hartman Credit Shelter Trust (created pursuant to the Joseph Hartman Revocable Trust Agreement dated June 15, 2009) and Vicky Hartman, as Trustee of the Joseph Hartman Marital Trust (created pursuant to the Joseph Hartman Revocable Trust Agreement dated June 15, 2009)
15 Loan 8, 42, 43 Soho Beach House Beach House Owner, LLC No US AcquireCo, Inc.
16 Loan 8, 13, 44, 45, 46 57 East 11th Street Namor Realty Company L.L.C. No Winter Properties LLC
17 Loan   Borel Square Shopping Center Borel Square LLC No Stephen A. Finn and Stephen A. Finn, as Trustee of the Stephen A. Finn 2001 Living Trust
18 Loan 47, 48 Cordata Center 4299 Bellingham, LLC No Rich Development, LLC
19 Loan 49, 50 Rosewood Inn of the Anasazi NM Hotel LLC, 113 Washington Liquor LLC and NM Hotel Lessee LLC No Scott J. Seligman
20 Loan 51 42 Crosby Street Premier 42 Crosby I, LLC, YJ 42 Crosby I, LLC, UBA 42 Crosby I, LLC, Jensen 42 Crosby I, LLC, MDM 42 Crosby I, LLC and Thor 42 Crosby LLC No Yaron Jacobi, Uzi Ben Abraham, Bert H. Dweck, Erza Hamway, Joseph J. Sitt and Mark D. Mermel
21 Loan   NY & PA Self Storage Portfolio CSGBSH BSNY I, LLC and CSGBSH DoylestownPA I, LLC No George Thacker, Lawrence Charles Kaplan and Richard Schontz
21.01 Property   Extra Space - Ballston Spa      
21.02 Property   Longacres Self Storage      
22 Loan   Walgreens Flushing & Steinway Mixed Use Maran Realty LLC and Iserlis Realty LLC No Payam Toobian
22.01 Property   Walgreens Flushing      
22.02 Property   30-59 Steinway Street      
23 Loan   Shoprite at Greenport Triple Net Greenport LLC and JSB 351 Fairview LLC No Bernard Schachter and Joseph Eisenberger
24 Loan 52 Fairview Centre Fairview Retail II, LLC No Marcel J. C. Arsenault
25 Loan 53, 54, 55 Canal Place Canal Place D, LLC No Kenneth Sheer
26 Loan   Walgreens EJR Portfolio EJR Cicero, LLC, EJR Houston, LLC and EJR White Bear Lake, LLC No Charles K. Ribakoff II
26.01 Property   Walgreens - Minnesota      
26.02 Property   Walgreens - New York      
26.03 Property   Walgreens - Texas      
27 Loan 56 2325 Crenshaw Boulevard Torrance Blvd Properties, LLC, Torrance MP, LLC, Torrance OP, LLC and Torrance HDN, LLC No Kamyar Shabani, K. Joseph Shabani, Kamyar Shabani, Trustee of the Kamyar Shabani Separate Property Trust and K. Joseph Shabani, Trustee of the Loma Vista Trust
28 Loan   Gilbert Crossing Gilbert Crossing 18, LP No Rajan Rakeheja, Natasha Walia and Hekmat Alphin
29 Loan   American Blue Ribbon HQ ZE Sidco TN Realty LLC No Michael Zacharias
30 Loan   22 & 24 Wyckoff Avenue Wyckoff Properties LLC No Marshall Kesten
31 Loan   Maxatawny Marketplace Regent-Kutztown LLC No Brad D. Sokol and Joel S. Epstein
32 Loan 57 Colson Portfolio NM CLSN, L.L.C. No New Mountain Net Lease Partners Corporation
32.01 Property 57 203 Kerth Street      
32.02 Property 57 505 North Edmonds Street      
33 Loan   Shops on Garth Shops on Garth Road, LLC No Sanford P. Aron
34 Loan 58 WoodSpring Suites Jacksonville VPlace Partners, LLC No Robert A. Weyand, James L. O’Leary and William A. O’Leary
35 Loan 59, 60, 61, 62 The Shops at Bee Cave CRP Properties I LLC No Richard A. Papapietro, Catherine M. Papapietro and Richard A. Papapietro and Catherine M. Papapietro 1998 Revocable Living Trust Restated September 18, 2014
36 Loan 63 Fresenius Medical Center East Peoria Net3 (East Peoria), LLC No David E. Cunningham and The David E. Cunningham Trust Dated June 2, 1998

 

A-1-13

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Loan Purpose Loan Amount (sources) Principal’s New Cash Contribution (7) Subordinate Debt Other Sources Total Sources Loan Payoff Purchase Price Closing Costs Reserves Principal Equity Distribution Other Uses Total Uses
1 Loan 8, 9, 10, 11, 12 101 California Street Refinance 527,000,000 0 228,000,000 0 755,000,000 496,367,751 0 16,603,075 20,474,821 221,554,352 0 755,000,000
2 Loan 8, 13, 14 59 Maiden Lane Refinance 200,000,000 0 0 0 200,000,000 103,800,032 0 4,674,861 4,650,281 86,874,826 0 200,000,000
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V Refinance 170,000,000 0 125,000,000 0 295,000,000 237,781,592 0 12,529,674 29,997,618 14,691,116 0 295,000,000
4 Loan 8 Albertsons Industrial - PA Acquisition 76,732,500 29,954,367 0 11,805,000 118,491,867 0 117,050,000 1,441,867 0 0 0 118,491,867
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center Recapitalization 180,000,000 0 0 0 180,000,000 0 0 2,160,295 29,324,625 148,515,080 0 180,000,000
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio Acquisition 100,000,000 36,007,712 0 1,859,364 137,867,076 0 135,000,000 2,553,572 313,504 0 0 137,867,076
6.01 Property   Residence Inn Salt Lake City                          
6.02 Property 26 Hampton Inn Santa Barbara                          
6.03 Property 26, 27 Hampton Inn Bloomington                          
6.04 Property 26 Hampton Inn Norwood                          
6.05 Property 27 Springhill Suites Bloomington                          
6.06 Property   Hyatt Place Arlington                          
7 Loan 8, 28, 29, 30, 31, 32 365 Bond Refinance 110,000,000 0 100,000,000 0 210,000,000 180,635,054 0 2,889,081 24,180 26,451,685 0 210,000,000
8 Loan 8, 10 Lakeside Apartments Acquisition 70,000,000 31,080,315 0 306,099 101,386,414 0 100,000,000 397,769 988,645 0 0 101,386,414
9 Loan 33, 34, 35 RR America Portfolio Refinance 24,700,000 0 0 0 24,700,000 19,058,740 0 546,593 275,000 4,819,667 0 24,700,000
9.01 Property   Grifols - Bellflower, CA                          
9.02 Property   Grifols - San Antonio, TX                          
9.03 Property   Grifols - Greenville, NC                          
9.04 Property   Kedrion - Longview, TX                          
9.05 Property   Kedrion - Sarasota, FL                          
9.06 Property   Grifols - Alexandria, LA                          
9.07 Property   Grifols - Anderson, IN                          
9.08 Property   Grifols - Flint, MI                          
9.09 Property   Grifols - El Paso, TX                          
9.10 Property   Grifols - Nashville, TN                          
9.11 Property   CSL - Davenport, IA                          
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments Refinance 24,145,000 2,427,726 0 0 26,572,726 25,220,549 0 942,854 409,323 0 0 26,572,726
11 Loan   Pacific Corporate Center Recapitalization 20,350,000 0 0 0 20,350,000 0 0 266,910 0 20,083,090 0 20,350,000
12 Loan   1900 Midtown - Boca Raton Refinance 20,000,000 0 0 0 20,000,000 16,978,527 0 436,239 340,662 2,244,573 0 20,000,000
13 Loan 8, 41 Tulsa Office Portfolio Acquisition 48,675,000 23,123,643 0 410,321 72,208,964 0 64,900,000 1,170,990 6,137,974 0 0 72,208,964
13.01 Property   Exchange Tower                          
13.02 Property   Towne Center                          
13.03 Property   Two Memorial Place                          
13.04 Property   Triad Center I                          
13.05 Property   Corporate Place                          
13.06 Property   The 51 Yale Building                          
13.07 Property   Commerce Tower                          
13.08 Property   Riverbridge Office                          
13.09 Property   Three Memorial Place                          
14 Loan   Hopkinsville Towne Center Acquisition 18,200,000 7,162,294 0 0 25,362,294 0 25,000,000 154,946 207,348 0 0 25,362,294
15 Loan 8, 42, 43 Soho Beach House Refinance 55,000,000 0 62,000,000 0 117,000,000 81,046,527 0 3,449,397 4,000,142 28,503,934 0 117,000,000
16 Loan 8, 13, 44, 45, 46 57 East 11th Street Refinance 55,000,000 0 0 0 55,000,000 21,292,976 0 2,077,579 9,333,829 22,295,617 0 55,000,000
17 Loan   Borel Square Shopping Center Acquisition 15,000,000 16,814,525 0 0 31,814,525 0 31,500,000 268,144 46,381 0 0 31,814,525
18 Loan 47, 48 Cordata Center Refinance 14,400,000 0 0 0 14,400,000 13,779,854 0 316,807 11,881 291,458 0 14,400,000
19 Loan 49, 50 Rosewood Inn of the Anasazi Acquisition 13,000,000 9,980,377 0 830,955 23,811,332 0 23,200,000 575,859 35,473 0 0 23,811,332
20 Loan 51 42 Crosby Street Refinance 13,000,000 0 0 0 13,000,000 6,075,399 0 567,576 253,185 6,103,840 0 13,000,000
21 Loan   NY & PA Self Storage Portfolio Acquisition 12,350,000 4,900,335 0 56,742 17,307,077 0 16,753,500 475,611 77,967 0 0 17,307,077
21.01 Property   Extra Space - Ballston Spa                          
21.02 Property   Longacres Self Storage                          
22 Loan   Walgreens Flushing & Steinway Mixed Use Refinance 12,000,000 0 0 0 12,000,000 10,175,867 0 224,209 132,762 1,467,162 0 12,000,000
22.01 Property   Walgreens Flushing                          
22.02 Property   30-59 Steinway Street                          
23 Loan   Shoprite at Greenport Acquisition 10,400,000 5,479,373 0 826,230 16,705,603 0 16,000,000 705,603 0 0 0 16,705,603
24 Loan 52 Fairview Centre Refinance 10,300,000 0 0 0 10,300,000 8,778,207 0 200,341 205,038 1,116,414 0 10,300,000
25 Loan 53, 54, 55 Canal Place Refinance 10,250,000 1,158,678 0 0 11,408,678 11,100,034 0 240,735 67,909 0 0 11,408,678
26 Loan   Walgreens EJR Portfolio Acquisition 10,100,000 6,629,421 0 47,250 16,776,671 0 16,477,744 298,926 0 0 0 16,776,671
26.01 Property   Walgreens - Minnesota                          
26.02 Property   Walgreens - New York                          
26.03 Property   Walgreens - Texas                          
27 Loan 56 2325 Crenshaw Boulevard Acquisition 10,000,000 6,517,379 0 0 16,517,379 0 15,758,950 255,273 503,156 0 0 16,517,379
28 Loan   Gilbert Crossing Acquisition 8,050,000 3,057,780 0 126,425 11,234,205 0 11,000,000 173,549 60,657 0 0 11,234,205
29 Loan   American Blue Ribbon HQ Acquisition 7,323,750 6,854,237 0 0 14,177,987 0 13,950,000 227,987 0 0 0 14,177,987
30 Loan   22 & 24 Wyckoff Avenue Refinance 6,800,000 0 0 0 6,800,000 2,744,644 0 395,316 48,019 3,612,021 0 6,800,000
31 Loan   Maxatawny Marketplace Acquisition 6,775,000 3,740,309 0 0 10,515,309 0 10,330,000 104,078 81,231 0 0 10,515,309
32 Loan 57 Colson Portfolio Acquisition 5,700,000 3,815,106 0 0 9,515,106 0 9,307,292 207,814 0 0 0 9,515,106
32.01 Property 57 203 Kerth Street                          
32.02 Property 57 505 North Edmonds Street                          
33 Loan   Shops on Garth Refinance 4,800,000 0 0 0 4,800,000 3,045,253 0 154,796 308,136 1,291,816 0 4,800,000
34 Loan 58 WoodSpring Suites Jacksonville Refinance 4,700,000 0 0 0 4,700,000 2,828,315 0 189,316 18,972 1,663,397 0 4,700,000
35 Loan 59, 60, 61, 62 The Shops at Bee Cave Acquisition 4,300,000 3,763,187 0 15,132 8,078,318 0 7,709,000 148,569 220,749 0 0 8,078,318
36 Loan 63 Fresenius Medical Center East Peoria Refinance 1,965,000 0 0 0 1,965,000 1,532,405 0 46,660 1,250 384,685 0 1,965,000

 

A-1-14

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Lockbox Cash Management Cash Management Triggers
1 Loan 8, 9, 10, 11, 12 101 California Street Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0%, (iii) failure to deliver financial statements as required in the Loan Agreement
2 Loan 8, 13, 14 59 Maiden Lane Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%, (iii) the occurrence of a Specified Tenant Trigger Period
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V Hard In Place (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.40x, (iii) the Anticipated Repayment Date, (iv) the occurrence of a Lease Sweep Period, (v) the occurrence of a New Mezzanine Loan Default
4 Loan 8 Albertsons Industrial - PA Hard In Place (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 80% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Bankruptcy action of either Albertsons Tenant or any guarantor under the Albertsons Lease, (v) the occurrence of a Tenant Vacancy Period
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.25%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Major Tenant Reserve Period
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.0% when PIP work is required, or Debt Yield is less than 8.5% when PIP work is not required, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) a Material Action in which the Manager is a debtor
6.01 Property   Residence Inn Salt Lake City      
6.02 Property 26 Hampton Inn Santa Barbara      
6.03 Property 26, 27 Hampton Inn Bloomington      
6.04 Property 26 Hampton Inn Norwood      
6.05 Property 27 Springhill Suites Bloomington      
6.06 Property   Hyatt Place Arlington      
7 Loan 8, 28, 29, 30, 31, 32 365 Bond Hard (Tenants) / Soft (Parking Garage) Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of Borrower or Manager, (iv) the occurrence of a Mezzanine Loan Default
8 Loan 8, 10 Lakeside Apartments Springing Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%
9 Loan 33, 34, 35 RR America Portfolio Hard In Place (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event and the failure of Borrower to timely deposit cash or the Letter of Credit
9.01 Property   Grifols - Bellflower, CA      
9.02 Property   Grifols - San Antonio, TX      
9.03 Property   Grifols - Greenville, NC      
9.04 Property   Kedrion - Longview, TX      
9.05 Property   Kedrion - Sarasota, FL      
9.06 Property   Grifols - Alexandria, LA      
9.07 Property   Grifols - Anderson, IN      
9.08 Property   Grifols - Flint, MI      
9.09 Property   Grifols - El Paso, TX      
9.10 Property   Grifols - Nashville, TN      
9.11 Property   CSL - Davenport, IA      
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments Soft In Place (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Specified Tenant Trigger Period
11 Loan   Pacific Corporate Center Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Financial Reporting Trigger Event, (iv) the occurrence of a Critical Tenant Trigger Event and the failure of Borrower to timely make the cash or Letter of Credit deposit to the Critical Tenant Reserve Account
12 Loan   1900 Midtown - Boca Raton 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
13 Loan 8, 41 Tulsa Office Portfolio Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the occurrence of a Specified Tenant Trigger Period
13.01 Property   Exchange Tower      
13.02 Property   Towne Center      
13.03 Property   Two Memorial Place      
13.04 Property   Triad Center I      
13.05 Property   Corporate Place      
13.06 Property   The 51 Yale Building      
13.07 Property   Commerce Tower      
13.08 Property   Riverbridge Office      
13.09 Property   Three Memorial Place      
14 Loan   Hopkinsville Towne Center Springing Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.7%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event
15 Loan 8, 42, 43 Soho Beach House Hard In Place (i) the occurrence of an Event of Default, (ii) the occurrence of a Mezzanine Event of Default, (iii) DSCR is less than 1.25x, (iv) the termination of the operating lease, (v) the total number of qualified Soho Club members enrolled at the Soho Club is less than 4,000, (vi) the occurrence of a Soho Operating Covenant Breach, (vii) Bankruptcy action of Borrower or Operating Tenant, (viii) Bankruptcy action, Material Breach or Indebtedness Default of Guarantor or Soho Group, (ix) the occurrence of a Reporting Failure
16 Loan 8, 13, 44, 45, 46 57 East 11th Street 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
17 Loan   Borel Square Shopping Center Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.35x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
18 Loan 47, 48 Cordata Center Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure of Sponsor to maintain net worth and liquidity above the respective thresholds, (v) the occurrence of a Rollover Trigger Event
19 Loan 49, 50 Rosewood Inn of the Anasazi Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.75%, (iii) the occurrence of a License Agreement Trigger Period, (iv) the occurrence of a License Agreement Renewal Trigger Event
20 Loan 51 42 Crosby Street Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0% (iii) the occurrence of Specified Tenant Trigger Period
21 Loan   NY & PA Self Storage Portfolio Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x
21.01 Property   Extra Space - Ballston Spa      
21.02 Property   Longacres Self Storage      
22 Loan   Walgreens Flushing & Steinway Mixed Use Hard In Place (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Specified Tenant Trigger Period
22.01 Property   Walgreens Flushing      
22.02 Property   30-59 Steinway Street      
23 Loan   Shoprite at Greenport Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the date that is 6 months prior to the Maturity Date
24 Loan 52 Fairview Centre Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event
25 Loan 53, 54, 55 Canal Place Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
26 Loan   Walgreens EJR Portfolio 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
26.01 Property   Walgreens - Minnesota      
26.02 Property   Walgreens - New York      
26.03 Property   Walgreens - Texas      
27 Loan 56 2325 Crenshaw Boulevard Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Period
28 Loan   Gilbert Crossing Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.18x, (iii) the occurrence of a Specified Tenant Trigger Period
29 Loan   American Blue Ribbon HQ Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.40x, (iii) the occurrence of a Specified Tenant Trigger Period
30 Loan   22 & 24 Wyckoff Avenue Hard Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0%, (iii) the occurrence of a Specified Tenant Trigger Period
31 Loan   Maxatawny Marketplace Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
32 Loan 57 Colson Portfolio Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Bankruptcy action of either Master Tenant, (v) the occurrence of a Go-Dark Event
32.01 Property 57 203 Kerth Street      
32.02 Property 57 505 North Edmonds Street      
33 Loan   Shops on Garth Springing Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period
34 Loan 58 WoodSpring Suites Jacksonville Hard Springing (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.55x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a PIP Trigger Event
35 Loan 59, 60, 61, 62 The Shops at Bee Cave Springing Springing (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%
36 Loan 63 Fresenius Medical Center East Peoria 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

 

A-1-15

 

 

GSMS 2019-GC39 Annex A-1

 

Control Number Loan / Property Flag Footnotes Property Name Ground Lease Y/N Ground Lease Expiration Date Annual Ground Lease Payment ($) Cut-off Date Pari Passu Companion Loan Balance ($) Cut-off Date Subordinate Companion Loan Balance ($) Subordinate Companion Loan Interest Rate Cut-off Date Mezzanine Debt Balance ($) Terrorism Insurance Required Franchise Agreement Expiration Control Number
1 Loan 8, 9, 10, 11, 12 101 California Street No     449,500,000 228,000,000 4.94773026%   Yes NAP 1
2 Loan 8, 13, 14 59 Maiden Lane No     125,000,000       Yes NAP 2
3 Loan 8, 15, 16, 17, 18, 19, 20 Moffett Towers II Building V No     105,000,000 125,000,000 5.90000%   Yes NAP 3
4 Loan 8 Albertsons Industrial - PA No     15,000,000       Yes NAP 4
5 Loan 8, 13, 21 ,22 Waterford Lakes Town Center No     125,000,000       Yes NAP 5
6 Loan 8, 13, 23, 24, 25 Arbor Hotel Portfolio       50,000,000       Yes Various 6
6.01 Property   Residence Inn Salt Lake City No             Yes 4/17/2034 6.01
6.02 Property 26 Hampton Inn Santa Barbara No             Yes 4/17/2034 6.02
6.03 Property 26, 27 Hampton Inn Bloomington No             Yes 4/17/2034 6.03
6.04 Property 26 Hampton Inn Norwood No             Yes 4/19/2034 6.04
6.05 Property 27 Springhill Suites Bloomington No             Yes 4/17/2034 6.05
6.06 Property   Hyatt Place Arlington No             Yes 4/17/2039 6.06
7 Loan 8, 28, 29, 30, 31, 32 365 Bond No     65,000,000     100,000,000 Yes NAP 7
8 Loan 8, 10 Lakeside Apartments No     35,000,000       Yes NAP 8
9 Loan 33, 34, 35 RR America Portfolio               Yes NAP 9
9.01 Property   Grifols - Bellflower, CA No             Yes NAP 9.01
9.02 Property   Grifols - San Antonio, TX No             Yes NAP 9.02
9.03 Property   Grifols - Greenville, NC No             Yes NAP 9.03
9.04 Property   Kedrion - Longview, TX No             Yes NAP 9.04
9.05 Property   Kedrion - Sarasota, FL No             Yes NAP 9.05
9.06 Property   Grifols - Alexandria, LA No             Yes NAP 9.06
9.07 Property   Grifols - Anderson, IN No             Yes NAP 9.07
9.08 Property   Grifols - Flint, MI No             Yes NAP 9.08
9.09 Property   Grifols - El Paso, TX No             Yes NAP 9.09
9.10 Property   Grifols - Nashville, TN No             Yes NAP 9.10
9.11 Property   CSL - Davenport, IA No             Yes NAP 9.11
10 Loan 36, 37, 38, 39, 40 The Garfield Apartments No             Yes NAP 10
11 Loan   Pacific Corporate Center No             Yes NAP 11
12 Loan   1900 Midtown - Boca Raton No             Yes NAP 12
13 Loan 8, 41 Tulsa Office Portfolio       28,613,274       Yes NAP 13
13.01 Property   Exchange Tower No             Yes NAP 13.01
13.02 Property   Towne Center No             Yes NAP 13.02
13.03 Property   Two Memorial Place No             Yes NAP 13.03
13.04 Property   Triad Center I No             Yes NAP 13.04
13.05 Property   Corporate Place No             Yes NAP 13.05
13.06 Property   The 51 Yale Building No             Yes NAP 13.06
13.07 Property   Commerce Tower No             Yes NAP 13.07
13.08 Property   Riverbridge Office No             Yes NAP 13.08
13.09 Property   Three Memorial Place No             Yes NAP 13.09
14 Loan   Hopkinsville Towne Center No             Yes NAP 14
15 Loan 8, 42, 43 Soho Beach House No     40,000,000     62,000,000 Yes NAP 15
16 Loan 8, 13, 44, 45, 46 57 East 11th Street No     40,000,000       Yes NAP 16
17 Loan   Borel Square Shopping Center No             Yes NAP 17
18 Loan 47, 48 Cordata Center No             Yes NAP 18
19 Loan 49, 50 Rosewood Inn of the Anasazi No             Yes 12/31/2049 19
20 Loan 51 42 Crosby Street No             Yes NAP 20
21 Loan   NY & PA Self Storage Portfolio               Yes NAP 21
21.01 Property   Extra Space - Ballston Spa No             Yes NAP 21.01
21.02 Property   Longacres Self Storage No             Yes NAP 21.02
22 Loan   Walgreens Flushing & Steinway Mixed Use               Yes NAP 22
22.01 Property   Walgreens Flushing No             Yes NAP 22.01
22.02 Property   30-59 Steinway Street No             Yes NAP 22.02
23 Loan   Shoprite at Greenport No             Yes NAP 23
24 Loan 52 Fairview Centre No             Yes NAP 24
25 Loan 53, 54, 55 Canal Place No             Yes NAP 25
26 Loan   Walgreens EJR Portfolio               Yes NAP 26
26.01 Property   Walgreens - Minnesota No             Yes NAP 26.01
26.02 Property   Walgreens - New York No             Yes NAP 26.02
26.03 Property   Walgreens - Texas No             Yes NAP 26.03
27 Loan 56 2325 Crenshaw Boulevard No             Yes NAP 27
28 Loan   Gilbert Crossing No             Yes NAP 28
29 Loan   American Blue Ribbon HQ No             Yes NAP 29
30 Loan   22 & 24 Wyckoff Avenue No             Yes NAP 30
31 Loan   Maxatawny Marketplace No             Yes NAP 31
32 Loan 57 Colson Portfolio               Yes NAP 32
32.01 Property 57 203 Kerth Street No             Yes NAP 32.01
32.02 Property 57 505 North Edmonds Street No             Yes NAP 32.02
33 Loan   Shops on Garth No             Yes NAP 33
34 Loan 58 WoodSpring Suites Jacksonville No             Yes 6/22/2029 34
35 Loan 59, 60, 61, 62 The Shops at Bee Cave No             Yes NAP 35
36 Loan 63 Fresenius Medical Center East Peoria No             Yes NAP 36

 

A-1-16

 

 

Footnotes to Annex A-1
 
(1)The Administrative Cost Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.

 

(2)The monthly debt service shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.

 

(3)The open period is inclusive of the Maturity Date or Anticipated Repayment Date.

 

(4)Underwritten NCF DSCR is calculated based on amortizing debt service payments (except for interest-only loans).

 

(5)Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.

 

(6)The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease.

 

(7)If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Principal's New Cash Contribution" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Principal's New Cash Contribution" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.

 

(8)The Mortgage Loan is part of a whole loan structure. Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD, Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow and Loan Per Unit calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, but excluding any related Subordinate Companion Loans.

 

(9)The 101 California Street Whole Loan was co-originated by Goldman Sachs Mortgage Company and JPMorgan Chase Bank, National Association on February 25, 2019.

 

(10)The lockout period will be at least 26 payment dates beginning with and including the first payment date of April 2019. For the purpose of this prospectus, the assumed lockout period of 26 payment dates is based on the expected GSMS 2019-GC39 securitization closing date in May 2019. The actual lockout period may be longer.

 

(11)The Mortgaged Property consists of a 48-story high-rise office tower, a seven-story annex building of approximately 200,000 SF, a two-story subterranean parking garage and approximately 23,000 SF of retail space.

 

(12)Occupancy of 92.1% assumes one tenant, Kasowitz LLP, is in occupancy of Suite 3000 (8,375 SF, $68.00 per SF). Kasowitz LLP is currently in occupancy of Suite 2300 (25,663 SF, $43.71 per SF) and is anticipated to move to Suite 3000. Kasowitz LLP has a lease out for signature for Suite 3000 but has not yet taken occupancy or begun paying rent. Kasowitz LLP is anticipated to take occupancy and begin paying rent in July 2019. We cannot assure you that this tenant will take occupancy or pay rent as anticipated or at all.

 

(13)The lockout period will be at least 24 payment dates beginning with and including the first payment date of June 2019. For the purpose of this prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2019-GC39 securitization closing date in May 2019. The actual lockout period may be longer.

 

(14)The Ongoing Other Reserve amount is initially $0. Commencing with the monthly payment date occurring in March 2020, the borrower is required to make monthly deposits of $1,000,000 into a specified tenant renewal reserve account until the balance of the specified tenant renewal reserve account reaches $18,000,000.

 

(15)The Moffett Towers II Building V Whole Loan was co-originated by Goldman Sachs Bank USA and Deutsche Bank AG, New York Branch on March 8, 2019.

 

(16)Commencing on the Anticipated Repayment Date, the interest rate increases to (i) 4.025882353% plus the positive difference between (x) the Adjusted Blended Interest Rate and (y) 4.82%, for the Moffett Towers II Building V Senior Loans, (ii) 5.66% plus the positive difference between (x) the Adjusted Blended Interest Rate and (y) 4.82%, for the

 

A-1-17

 

 

 Moffett Towers II Building V Senior Subordinate Loans, and (iii) 6.41% plus the positive difference between (x) the Adjusted Blended Interest Rate and (y) 4.82%, for the Moffett Towers II Building V Junior Subordinate Loans. “Adjusted Blended Interest Rate” means a rate per annum equal to the greater of (i) 6.32% and (ii) the rate for U.S. dollar swaps with a 10-year maturity, as of two business days prior to the Anticipated Repayment Date plus 150 basis points.

 

(17)Cut-off Date Subordinate Companion Loan Balance and Subordinate Companion Loan Interest Rate include information relating to both the Moffett Towers II Building V Senior Subordinate Loans and Moffett Towers II Building V Junior Subordinate Loans. The Cut-off Date Subordinate Companion Loan Balance and Subordinate Companion Loan Interest Rate for the Moffett Towers II Building V Senior Subordinate Loans are $85,000,000 and 5.66%, respectively. The Cut-off Date Subordinate Companion Loan Balance and Subordinate Companion Loan Interest Rate for the Moffett Towers II Building V Junior Subordinate Loans are $40,000,000 and 6.41%, respectively.

 

(18)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated utilizing the “prospective stabilized” Appraised Value of $400,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD calculated based on the “as-is” Appraised Value of $365,000,000 are both 46.6%.

 

(19)The Moffett Towers II Building V property is part of the Moffett Towers II Campus. The campus shares 59,648 SF of common area amenities, of which 11,930 SF were allocated to the Moffett Towers II Building V property. These 11,930 SF are not included in the collateral.

 

(20)The sole tenant, Facebook, has taken possession of its space and is currently constructing its interior improvements. Facebook is currently in a free rent period through and including August 2019. Facebook is anticipated to take occupancy in August 2019 and begin paying rent in September 2019. We cannot assure you that this tenant will take occupancy or begin paying rent as anticipated or at all.

 

(21)The Waterford Lakes Town Center Whole Loan was co-originated by Goldman Sachs Bank USA and Bank of America, N.A. on April 16, 2019.

 

(22)Occupancy of 98.9% includes one tenant, Express Fashions (9,100 SF, representing approximately 1.3% of the owned net rentable area), which has executed a lease but has not yet taken occupancy or begun paying rent. Express Fashions is anticipated to take occupancy and begin paying rent in August 2019. We cannot assure you that this tenant will take occupancy or pay rent as anticipated or at all.

 

(23)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated based upon the As Stabilized Appraised Value of $164,700,000. This represents the aggregate “when complete” appraised value of the Arbor Hotel Portfolio properties as of April 1, 2020 which assumes completion of the borrower sponsors’ planned PIP at each respective property. On the origination date of the Arbor Hotel Portfolio Whole Loan, the borrower sponsors posted a letter of credit equal to $18,086,700 (110% of the estimated costs associated with such PIP). The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the aggregate “as-is” Appraised Value of $141,100,000, are both 70.9%.

 

(24)The borrower is required to deposit into the Replacement Reserve account an amount equal to 1/12 of (i) for the Due Date occurring in June 2019 through May 2020, 2.0% of the greater of (A) the gross income for the Arbor Hotel Portfolio properties during the preceding calendar year and (B) the approved annual budget for the current year, (ii) for the monthly payment dates occurring in June 2020 and for each Due Date occurring thereafter until and including the Due Date occurring in May 2021, 3% of the greater of (A) the gross income for the Arbor Hotel Portfolio properties during the preceding calendar year and (B) the approved annual budget for the then current year, and (iii) for the Due Date occurring in June 2021 and for each Due Date occurring thereafter, 4% of the greater of (A) the gross income for the Arbor Hotel Portfolio properties during the preceding calendar year and (B) the approved annual budget for the then current year.

 

(25)On the origination date of the Arbor Hotel Portfolio Whole Loan, the borrower sponsors posted a PIP letter of credit for 110% of the estimated PIP costs ($18,086,700).

 

(26)The properties operating under the Hilton Franchise Holding LLC flag (Hampton Inn Santa Barbara property, Hampton Inn Bloomington property, and Hampton Inn Norwood property) are currently operating under temporary franchise agreements. The borrower sponsors are required under the Arbor Hotel Portfolio Whole Loan documents to deliver replacement franchise agreements to the lender by May 17, 2019 or May 19, 2019, as applicable, each with a term of 15 years. The Franchise Agreement Expiration date is currently shown as 15 years from the origination date of the Arbor Hotel Portfolio Whole Loan for all Hilton flagged properties.

 

A-1-18

 

 

(27)With respect to the Arbor Hotel Portfolio, each of the borrowers for the Hampton Inn Bloomington property and the Springhill Suites Bloomington property owns one of the two condominium units. Although they currently control the appointment and voting of the condominium board, in the event that one of the two properties is sold and released from the lien of the related mortgage, the remaining borrower would not control the condominium.

 

(28)On each Due Date during the continuance of a 365 Bond DSCR Trigger Period (as defined in Annex A-3) or during the continuance of an event of default under the 365 Bond Whole Loan, the borrower is required to fund a replacement reserve in an amount equal to approximately $8,958. A 365 Bond DSCR Trigger Period has been continuing since origination. As of the origination of the 365 Bond Whole Loan, the debt service coverage ratio (as calculated under the loan documents) of the 365 Bond Whole Loan and the 365 Bond Mezzanine Loans was approximately 1.14x.

 

(29)On each business day during the continuance of a 365 Bond Trigger Period (as defined in Annex A-3), all amounts in the lockbox account are required to be remitted to a lender-controlled cash management account. A 365 Bond Trigger Period has been continuing since origination. As of the origination of the 365 Bond Whole Loan, the debt service coverage ratio (as calculated under the loan documents) of the 365 Bond Whole Loan and the 365 Bond Mezzanine Loans was approximately 1.14x.

 

(30)Concurrently with the origination of the 365 Bond Whole Loan, (i) Goldman Sachs Bank USA made a mezzanine loan with an Original and Cut-off Date Balance of $70,000,000 (the “Mezzanine A Loan”), and (ii) 365 Mezz Funding LLC made a mezzanine loan with an Original and Cut-off Date Balance of $30,000,000 (the “Mezzanine B Loan”, and together with the Mezzanine A Loan, the “365 Bond Mezzanine Loans”). The Mezzanine A Loan has an interest rate of 5.7000% per annum and the Mezzanine B Loan has an interest rate of 8.0000% per annum and both are coterminous with the 365 Bond Whole Loan.

 

(31)2018 EGI, 2018 Expenses and 2018 NOI are based on the trailing 12-month period ending October 31, 2018.

 

(32)The Mortgaged Property includes two small retail spaces, which are occupied by Gowanus Dredger’s Canoe Club and D'Amico Coffee, and account for approximately 0.5% of in-place rents.

 

(33)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated on the basis of the aggregate “as-is” Appraised Value of $37,300,000 plus an approximately 5.0% portfolio premium. Excluding the portfolio premium, the Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD on the basis of the aggregate “as-is” Appraised Value are 66.1% and 50.1%, respectively.

 

(34)On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $275,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $6,558.96.

 

(35)The Replacement Reserve Cap is calculated as the product of (x) $0.18 times (y) the aggregate number of rentable square feet then contained in the Mortgaged Properties times (z) 3. As of the Cut-off Date, the aggregate number of rentable square feet is 157,415.

 

(36)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated based on the As Stabilized Appraised Value of $35,300,000. This represents the prospective market value upon stabilization as of February 1, 2020 which assumes a stabilized occupancy of 94.0% for the apartment component and 95.0% for the retail component of The Garfield Apartments property. As of February 13, 2019, The Garfield Apartments property was 98.4% occupied. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the “as-is” Appraised Value of $34,700,000 as of February 1, 2019, are 69.6% and 61.9%, respectively.

 

(37)The Upfront Reserves used in sources and uses excludes the $351,159 HTC Put Option Reserve, which was funded on April 25, 2019, separate from the origination of the Mortgage Loan.

 

(38)The Mortgaged Property is subject to and encumbered by a mortgage held by the County of Cuyahoga, Ohio, a subdivision of the State of Ohio, in the amount of $2,000,000. The Garfield Apartments subordinate debt mortgage is dated July 7, 2016 and matures on July 6, 2025 or, if an extension is requested by the borrower, July 6, 2027. The Garfield Apartments subordinate debt mortgage bears interest at 3% per annum or, during the period of any extension, 3.5% per annum.

 

A-1-19

 

 

(39)The Third Largest Tenant, Shake Shack, a new tenant at The Garfield Apartments property, executed a new lease for a portion of the retail space. Shake Shack is expected to complete its space and commence paying annual base rent of $198,996 on June 1, 2019. At origination, the borrower deposited $126,000 for tenant improvements and $66,332 of free rent for Shake Shack.

 

(40)The Mortgaged Property is comprised of 123 multifamily units which are 98.4% occupied and account for $2,199,864 of underwritten base rent and 33,799 SF of retail space which is 94.1% occupied and accounts for $656,212 of underwritten base rent (inclusive of rent steps).

 

(41)At origination, the borrower deposited $3,750,000 into the Upfront TI/LC Reserve account and the initial Ongoing TI/LC Reserve is equal to $0. If at any point the balance in the TI/LC Reserve account is equal to or less than $3,000,000, the borrower will be required to deposit approximately $85,554 on each Due Date into the TI/LC Reserve account until the balance reaches $3,750,000.

 

(42)The Soho Beach House Mortgaged Property currently has 49 guestrooms. As part of the borrower sponsor’s planned renovations at the Soho Beach House Mortgaged Property for 2019 (for which the borrower deposited $2,500,000 into the FF&E reserve account on the origination date of the Soho Beach House Whole Loan), the borrower expects to convert the penthouse event space into a 1,500 SF guestroom. The upfront deposit of $2,500,000 is for budgeted or lender approved capital expenditures, property improvements and replacement FF&E at the Soho Beach House Mortgaged Property (funds on deposit may be released to the borrower upon satisfaction of specified disbursement conditions) and is not specifically earmarked for the penthouse renovation (estimated by the appraisal to cost approximately $765,000). Upon completion of the 2019 planned renovation, the Mortgaged Property is expected to have 50 operational guestrooms.

 

(43)Prior to January 1, 2020 and on January 1 of each calendar year thereafter during the term of the Soho Beach House Whole Loan, the lender is required to reassess the amount necessary to be held in the seasonality reserve account and to require the borrower to deposit an amount equal to 110% of the positive difference between (i) the actual aggregate operating income anticipated to be received by the borrower during the months of May, June, July, August, September and October as set forth in the approved annual budget for the calendar year immediately preceding the date of calculation and (ii) the amount necessary to ensure that the Mortgaged Property has a debt service coverage ratio at least equal to 1.25x based on the Soho Beach House Whole Loan and the related mezzanine loan. The borrower is only required to deposit funds into the seasonality reserve on such monthly payment dates to the extent of sufficient excess cash and the balance will accrue and is required to be paid on each subsequent monthly payment date to the extent of excess cash until such balance is reduced to zero.

 

(44)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated based on the As Stabilized Appraised Value of $92,000,000 as of February 1, 2020 which assumes the completion of the sole tenant’s buildout at the 57 East 11th Street property. On the origination date of the 57 East 11th Street Whole Loan, the borrower sponsors reserved $6,137,500 for outstanding tenant improvements, $2,319,700 for free rent and $600,108 for outstanding leasing commissions related to the sole tenant, WeWork. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the “as-is” Appraised Value of $76,000,000 as of January 29, 2019, are both 72.4%.

 

(45)At origination, the borrower deposited $2,319,700 of free rent for the sole tenant, WeWork, into the Upfront Other Reserve account. If the borrower fails to deliver evidence to the lender on or before the Due Date in November 2019 that WeWork rent commencement will occur on or before the Due Date in November 2019, the borrower is then required to deposit an amount equal to $2,783,640 for free rent into the Other Reserve account on the Due Date in November 2019 and on the Due Date every six months thereafter until the WeWork rent commencement occurs.

 

(46)The sole tenant, WeWork, is expected to complete its build out, take occupancy and commence paying rent in October 2019. On the origination date of the 57 East 11th Street Whole Loan, the borrower sponsors reserved $6,137,500 for outstanding tenant improvements, $2,319,700 for free rent and $600,108 for outstanding leasing commissions related to WeWork.

 

(47)If and to the extent either (i) Hobby Lobby has gone dark, discontinued its operations or business at no less than 50% of its space, or vacated or is otherwise not in occupancy of at least 50% of its space for a period of 30 consecutive days or more (the "Hobby Lobby Go Dark Condition") or (ii) both HomeGoods and Sierra Trading Post have gone dark, discontinued their respective operations or businesses at no less than 50% of their respective spaces, vacated or are otherwise not in occupancy of at least 50% of their respective spaces for a period of 30 consecutive days or more (the "HomeGoods and Sierra Trading Post Go Dark Condition") prior to the Due Date in May 2027, the borrower has the option within 10 business days to deposit a cash deposit or letter of credit in an amount equal to $885,000 (the "Hobby Lobby Go Dark Amount") or $890,000 (the "HomeGoods and Sierra Trading

 

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 Post Go Dark Amount"), as applicable. If both a Hobby Lobby Go Dark Condition and HomeGoods and Sierra Trading Post Go Dark Condition exist simultaneously, the deposit must equal the sum of the amounts referenced herein. If the borrower fails to timely deposit cash or a letter of credit, on each Due Date, the Ongoing TI/LC Reserve amount will increase to $16,666.

 

(48)If and to the extent either the Hobby Lobby Go Dark Condition or the HomeGoods and Sierra Trading Post Go Dark Condition occurs prior to the Due Date in May 2027, and the borrower fails to timely deposit cash or a letter of credit in an amount equal to the Hobby Lobby Go Dark Amount and/or the HomeGoods and Sierra Trading Post Go Dark Amount, as applicable, the TI/LC Cap will increase to (i) $885,000, if only the Hobby Lobby Go Dark Condition occurred, (ii) $890,000, if only the HomeGoods and Sierra Trading Post Go Dark Condition occurred or (iii) $1,775,000, if both conditions occurred simultaneously.

 

(49)On each monthly payment date, the borrower is required to deposit into the Replacement Reserve account an amount equal to the greater of (i) 1/12 of 4% of the greater of (x) the annual gross revenue for the hotel related operations at the property for the immediately preceding calendar year and (y) the projected annual gross revenue for hotel related operations at the property for the calendar year in which the monthly payment date occurs as set forth in the annual approved budget and (ii) the amount required under the related license agreement.

 

(50)There is no ground lease related to the Mortgaged Property. The Mortgaged Property is subject to a reverse 1031 exchange. In connection with the same, NM Hotel LLC, as landlord, entered into a Master Lease with NM Hotel Lessee LLC, as tenant. Thus, NM Hotel LLC (a borrower under the Mortgage Loan) owns fee simple title to the entire property and NM Hotel Lessee LLC (a borrower under the Mortgage Loan) owns the leasehold estate in the entire property. Therefore, the lender has mortgaged both the fee simple and leasehold estates.

 

(51)The Ongoing TI/LC Reserve amount is initially $0. Commencing with the monthly payment date occurring in November 2023 through the monthly payment date in October 2024, the borrower is required to make monthly deposits of approximately $12,559 into the TI/LC Reserve account until the balance of the TI/LC Reserve account reaches approximately $150,706.

 

(52)The Appraised Value and As Stabilized Appraised Value are shown net of the appraiser's concluded outparcel value of $500,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated on the basis of the “as-is” Appraised Value of $14,940,000 excluding the appraiser's concluded outparcel value of $500,000. Including the outparcel value, the Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are 68.7% and 57.4%, respectively.

 

(53)On each Due Date, if and to the extent the Critical Tenant Leasing Condition has been satisfied, the Ongoing TI/LC Reserve amount will be reduced to $4,166.67. "Critical Tenant Leasing Condition" means: (i) GPD Associates, Inc. extends its existing lease through at least March 6, 2032 at rental rates and reimbursements equal to or greater than the amounts paid as of March 6, 2019 or (ii) the entirety of the current GPD Associates, Inc. leased space remains subject to its existing lease as well as one or more approved substitute leases (none of which expire prior to March 6, 2032) at rental rates and reimbursements equal to or greater than the amounts paid by GPD Associates, Inc. as of March 6, 2019.

 

(54)If and to the extent the Critical Tenant Leasing Condition has been satisfied, the TI/LC Cap will be reduced to $200,000.

 

(55)The Second Largest Tenant, PerkinElmer, has 12,072 SF of space expiring on October 31, 2023 and 421 SF of space expiring on a month-to-month basis until not renewed.

 

(56)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated utilizing the “hypothetical as is” Appraised Value of $16,300,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD calculated based on the “as-is” Appraised Value of $15,800,000 are both 63.3%.

 

(57)The Appraised Values for the 203 Kerth Street and 505 North Edmonds Street properties are inclusive of the appraiser's concluded excess land values of $350,000 and $110,000, respectively. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated on the basis of the sum of (i) with respect to the 203 Kerth Street property, the “as-is” Appraised Value of $5,250,000 including the appraiser's concluded excess land value of $350,000 and (ii) with respect to the 505 North Edmonds Street property, the “as-is” Appraised Value of $3,790,000 including the appraiser's concluded excess land value of $110,000. Excluding the excess land values from the “as-is” Appraised Values for the 203 Kerth Street and 505 North Edmonds Street properties, the Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are 63.1% and 57.9%, respectively.

 

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(58)The Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) for the Due Dates occurring in April 2019 through March 2020, $5,303, and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in February.

 

(59)At origination, the borrower deposited $20,000 into the Upfront Replacement Reserve account and the initial Ongoing Replacement Reserve is equal to $0. If at any point the balance in the TI/LC Reserve account is equal to or less than $5,000, the borrower will be required to deposit approximately $171 on each Due Date into the Replacement Reserve account until the balance reaches $5,000.

 

(60)At origination, the borrower deposited $174,206 into the Upfront TI/LC Reserve account and the initial Ongoing TI/LC Reserve is equal to $0. If at any point the balance in the TI/LC Reserve account is equal to or less than $70,000, the borrower will be required to deposit approximately $1,502 on each Due Date into the TI/LC Reserve account until the balance reaches $70,000.

 

(61)The Shops at Bee Cave Mortgage Loan is structured with a springing lockbox and springing cash management. An executed restricted account agreement was not delivered in connection with the origination of the Mortgage Loan, and the related Mortgage Loan documents require the borrower to execute and enter into a restricted account agreement and establish a lockbox account only upon the occurrence of a trigger period (as specified in the related Mortgage Loan documents).

 

(62)2018 EGI, 2018 Expenses and 2018 NOI are based on the annualized 11-month period ending November 30, 2018.

 

(63)The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated based on the As Stabilized Appraised Value of $2,800,000 as of March 1, 2019. This value assumes that the property is stabilized and the sole tenant is in occupancy. At origination, Fresenius Kidney Care East Peoria Home Therapies was in occupancy of its space and paying rent. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the “as-is” Appraised Value of $2,350,000, are 83.5% and 68.5%, respectively.

 

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