FWP 1 n1776-x5_anxa1.htm FREE WRITING PROSPECTUS
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-227784-04
     

 

 

 

 

 

 

 

UBS Commercial Mortgage Trust 2019-C17 Disclaimer

 

 

 

 

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

 

 

 

 

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-227784) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-877-713-1030 (8 a.m. – 5 p.m. EST).

 

 

 

 

 

Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.

 

 

 

 

 

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

 

 

 

 

 

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance.  None of UBS Securities LLC, Wells Fargo Securities, LLC, CIBC World Markets Corp., Drexel Hamilton, LLC, Academy Securities, Inc., Bancroft Capital, LLC, and Brean Capital, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.

 

 

 

 

 

This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.

 

 

 

 

 

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

 

 

 

 

 

The information herein is preliminary and may be supplemented or amended prior to the time of sale. In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.

 

 

 

 

 

The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.

 

 

 

 

 

The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.

 

 

 

 

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

 

 

 

 

 

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system

 

 

 

 

 

 

 

 

 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Mortgage Loan Originator Mortgage Loan Seller(1) Cross-Collateralized and Cross-Defaulted Address City County State Zip Code
1 Loan Grand Canal Shoppes Wells Fargo Bank, N.A.; Morgan Stanley Bank, N.A.; JPMorgan Chase Bank, National Association; Goldman Sachs Bank USA WFB/UBS AG No 3327 & 3377 Las Vegas Boulevard South Las Vegas Clark NV 89109
2 Loan Phoenix Industrial Portfolio II UBS AG UBS AG No Various Various Various Various Various
2.01 Property Flint UBS AG UBS AG No 4444 West Maple Avenue Flint Genesee MI 48507
2.02 Property Beloit UBS AG UBS AG No 1 Reynolds Drive Beloit Rock WI 53511
2.03 Property Jefferson UBS AG UBS AG No 351 Collins Road Jefferson Jefferson WI 53549
2.04 Property DuBois UBS AG UBS AG No 851-891 Beaver Drive DuBois Pennsylvania PA 15801
2.05 Property Huntsville UBS AG UBS AG No 1000 James Record Road Huntsville Madison AL 35824
3 Loan 600 & 620 National Avenue Wells Fargo Bank, National Association; JP Morgan Chase Bank, National Association WFB No 600 & 620 National Avenue Mountain View Santa Clara CA 94043
4 Loan Phoenix Industrial Portfolio I UBS AG UBS AG No Various Various Various Various Various
4.01 Property Emerson UBS AG UBS AG No 5555 South Packard Avenue Cudahy Milwaukee WI 53110
4.02 Property St Francis UBS AG UBS AG No 4051 South Iowa Avenue & 4120 South Kansas Avenue Saint Francis Milwaukee WI 53235
4.03 Property Delta UBS AG UBS AG No 4931 Denton Fly Road Milan Gibson TN 38358
5 Loan 10000 Santa Monica Boulevard Natixis Real Estate Capital LLC UBS AG No 10000 Santa Monica Boulevard Los Angeles Los Angeles CA 90067
6 Loan Global Data Center Wells Fargo Bank, National Association WFB No 101 Troutman Road Collegeville Montgomery PA 19426
7 Loan Waramaug Florida Hotel Portfolio BSPRT CMBS Finance, LLC RREF No Various Various Various FL Various
7.01 Property Residence Inn – Port St. Lucie BSPRT CMBS Finance, LLC RREF No 1920 Southwest Fountainview Boulevard Port St. Lucie St. Lucie FL 34986
7.02 Property Springhill Suites – Tallahassee Central BSPRT CMBS Finance, LLC RREF No 1300 Executive Center Drive Tallahassee Leon FL 32301
8 Loan The Chantilly Office Portfolio UBS AG UBS AG No Various Chantilly Fairfax VA 20151
8.01 Property Stoneleigh I UBS AG UBS AG No 4800 Westfields Boulevard Chantilly Fairfax VA 20151
8.02 Property Stoneleigh II UBS AG UBS AG No 4840 Westfields Boulevard Chantilly Fairfax VA 20151
8.03 Property Glenview II UBS AG UBS AG No 14155 Newbrook Drive Chantilly Fairfax VA 20151
8.04 Property Glenview I UBS AG UBS AG No 14151 Newbrook Drive Chantilly Fairfax VA 20151
8.05 Property Glenbrook III UBS AG UBS AG No 14150 Newbrook Drive Chantilly Fairfax VA 20151
9 Loan Fresenius Salt Lake LCF LCF No 3702 S. State Street Salt Lake City South Salt Lake UT 84115
10 Loan Centrepointe Plaza RMF RMF No 1040-1100 South Mt. Vernon Avenue Colton San Bernardino CA 92324
11 Loan Nostrand Place BSPRT CMBS Finance, LLC RREF No 3780-3858 Nostrand Avenue Brooklyn Kings NY 11235
12 Loan Chelmsford MHC LCF LCF No 270 Littleton Road Chelmsford Middlesex MA 1824
13 Loan Eagle Point Village Apartments RMF RMF No 830 Allonby Road Fayetteville Cumberland NC 28314
14 Loan The Black Building CIBC Inc. CIBC No 5701 Time Square Boulevard Amarillo Randall TX 79119
15 Loan 10-12 Celina Avenue CIBC Inc. CIBC No 10-12 Celina Avenue Nashua Hillsborough NH 3063
16 Loan SpringHill Suites Corona Riverside RMF RMF No 2025 Compton Avenue Corona Riverside CA 92881
17 Loan Smoke Tree Village and Smoke Tree Commons RMF RMF No Various Palm Springs Riverside CA 92264
17.01 Property Smoke Tree Commons RMF RMF No 2465 East Palm Canyon Drive Palm Springs Riverside CA 92264
17.02 Property Smoke Tree Village RMF RMF No 1733-1793 East Palm Canyon Drive Palm Springs Riverside CA 92264
18 Loan CIRE Equity Retail & Industrial Portfolio Deutsche Bank AG, New York Branch; UBS AG UBS AG No Various Various Various Various Various
18.01 Property Wood Village Town Center Deutsche Bank AG, New York Branch; UBS AG UBS AG No 22557 Northeast Park Lane Wood Village Multnomah OR 97060
18.02 Property Pecan Promenade Deutsche Bank AG, New York Branch; UBS AG UBS AG No 2735-2755 South 99th Avenue and 9820-9870 West Lower Buckeye Road Tolleson Maricopa AZ 85353
18.03 Property Valley Plaza Deutsche Bank AG, New York Branch; UBS AG UBS AG No 3115 South McClintock Drive Tempe Maricopa AZ 85282
18.04 Property Pear Tree Deutsche Bank AG, New York Branch; UBS AG UBS AG No 504 East Perkins Street Ukiah Mendocino CA 95482
18.05 Property Glendale Market Square Deutsche Bank AG, New York Branch; UBS AG UBS AG No 5840, 5870, 5880, 5890 West Bell Road and 17045 North 59th Avenue Glendale Maricopa AZ 85308
18.06 Property Central Park Shopping Center Deutsche Bank AG, New York Branch; UBS AG UBS AG No 7425-7719 East Iliff Avenue and 2150 South Quebec Street Unincorporated Arapahoe Unincorporated Arapahoe CO 80231
18.07 Property Val Vista Towne Center Deutsche Bank AG, New York Branch; UBS AG UBS AG No 1395-1505 East Warner Road Gilbert Maricopa AZ 85296
18.08 Property 2641 Hall Ave - Riverside, CA Deutsche Bank AG, New York Branch; UBS AG UBS AG No 2641 Hall Avenue Riverside Riverside CA 92509
18.09 Property 606 W Troy - Indianapolis, IN Deutsche Bank AG, New York Branch; UBS AG UBS AG No 606 West Troy Avenue Indianapolis Marion IN 46225
18.10 Property Homeland - Bartow, FL Deutsche Bank AG, New York Branch; UBS AG UBS AG No 5700 US Highway 17 South Bartow Polk FL 33830
18.11 Property 2621 Hall Ave - Riverside, CA Deutsche Bank AG, New York Branch; UBS AG UBS AG No 2621 Hall Avenue Riverside Riverside CA 92509
19 Loan Courtyard by Marriott Mt. Juliet CIBC Inc. CIBC No 1980 Providence Parkway Mount Juliet Wilson TN 37122
20 Loan Hudson River Hotel LCF LCF No 442 West 36th Street New York New York NY 10018
21 Loan Hampton Inn & Suites Mt. Juliet CIBC Inc. CIBC No 5001 Crossings Circle Mount Juliet Wilson TN 37122
22 Loan Gateway Tower UBS AG UBS AG No 1 Memorial Drive St Louis St. Louis City MO 63102
23 Loan Gatlin Retail Portfolio BSPRT CMBS Finance, LLC RREF No Various Various Various Various Various
23.01 Property The Forum at Gateways BSPRT CMBS Finance, LLC RREF No 44575 Mound Road Sterling Heights Macomb MI 48314
23.02 Property Wilson Square Shopping Center BSPRT CMBS Finance, LLC RREF No 6855 Wilson Boulevard Jacksonville Duval FL 32210
24 Loan Ambler Yards UBS AG UBS AG No 300 Brookside Avenue Ambler Montgomery PA 19002
25 Loan Blackmore Marketplace UBS AG UBS AG No 5030-5040, 5063, 5091 East 2nd Street and 401-555 Newport Road Casper Natrona WY 82609
26 Loan Maui Portfolio UBS AG UBS AG No Various Various Maui HI Various
26.01 Property Maui Beach Hotel UBS AG UBS AG No 170 West Kaahumanu Avenue Kahului Maui HI 96732
26.02 Property Maui Nui Golf Course UBS AG UBS AG No 470 Lipoa Parkway Kihei Maui HI 96753
27 Loan Motus Headquarters LCF LCF No 88 East 48th Street Holland Allegan MI 49423
28 Loan Comfort Inn & Suites - Seattle UBS AG UBS AG No 19333 International Boulevard SeaTac King WA 98188
29 Loan Landing at Fancher Creek Wells Fargo Bank, National Association WFB No 921 North Peach Avenue Fresno Fresno CA 93727
30 Loan The Bijou Building Wells Fargo Bank, National Association WFB No 1221-1235 Hermosa Avenue Hermosa Beach Los Angeles CA 90254
31 Loan Howell Industrial Portfolio LCF LCF No 1051-1199 Austin Court Howell Livingston MI 48843
31.01 Property Hatch Stamping LCF LCF No 1051 Austin Court Howell Livingston MI 48843
31.02 Property TK Holdings LCF LCF No 1199 Austin Court Howell Livingston MI 48843
32 Loan Pikeville Commons LCF LCF No 111 Justice Way Pikeville Pike KY 41501
33 Loan Courtyard by Marriott Secaucus BSPRT CMBS Finance, LLC RREF No 455 Harmon Meadow Boulevard Secaucus Hudson NJ 7094
34 Loan Meidinger Tower UBS AG UBS AG No 462 South 4th Street Louisville Louisville/Jefferson KY 40202
35 Loan The Cliffs at Waterford BSPRT CMBS Finance, LLC RREF No 859 Cliff Circle Spring Lake Cumberland NC 28390
36 Loan Staybridge Suites Benton Harbor BSPRT CMBS Finance, LLC RREF No 1275 Cinema Way Benton Harbor Berrien MI 49022
37 Loan Home2 Suites Cartersville RMF RMF No 1320 East Main Street Cartersville Bartow GA 30120

 

A-1-1 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Mortgage Loan Originator Mortgage Loan Seller(1) Cross-Collateralized and Cross-Defaulted Address City County State Zip Code
38 Loan Corporate Place Wells Fargo Bank, National Association WFB No 3150 Corporate Place Hayward Alameda CA 94545
39 Loan New Hampshire Self Storage Portfolio RMF RMF No Various Various Rockingham NH Various
39.01 Property Seacoast Self Storage RMF RMF No 219 Lafayette Road North Hampton Rockingham NH 3862
39.02 Property Derry Self Storage RMF RMF No 23 Ashleigh Drive Derry Rockingham NH 3038
40 Loan Springhill Suites Auburn Hills BSPRT CMBS Finance, LLC RREF No 4919 Interpark Drive Lake Orion Oakland MI 48359
41 Loan San Antonio Hotel Portfolio CIBC Inc. CIBC No Various Various Bexar TX Various
41.01 Property La Quinta San Antonio CIBC Inc. CIBC No 6111 Interstate Highway 10 East San Antonio Bexar TX 78219
41.02 Property Best Western Elmendorf CIBC Inc. CIBC No 20015 Eagle Ford Way Elmendorf Bexar TX 78112
42 Loan Best Western El Grande Inn CIBC Inc. CIBC No 15135 Lakeshore Drive Clearlake Lake CA 95422
43 Loan MainStay Suites Grantville Hershey RMF RMF No 105 Kelley Court Grantville Dauphin PA 17028
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs RMF RMF No 3060 U.S. Highway 19 Holiday Pasco FL 34691
45 Loan Indian Lake West Plaza RMF RMF No 259 Indian Lake Boulevard Hendersonville Sumner TN 37075
46 Loan El Segundo Plaza UBS AG UBS AG No 215-275 Main Street El Segundo Los Angeles CA 90245
47 Loan Hampton Inn Belton RMF RMF No 16410 Cornerstone Drive Belton Cass MO 64012
48 Loan 87 East 4th Street LCF LCF No 87 East 4th Street New York New York NY 10003
49 Loan Norman’s Crossing UBS AG UBS AG No 365 Peachtree Parkway Cumming Forsyth GA 30041
50 Loan Windsor Park Apartments Wells Fargo Bank, National Association WFB No 3001 Arroyo Drive Victoria Victoria TX 77901
51 Loan Walgreens Douglasville LCF LCF No 3851 Chapel Hill Road Douglasville Douglas GA 30135
52 Loan Northern Hills Shopping Center RMF RMF No 12311 Nacogdoches Road San Antonio Bexar TX 78217
53 Loan Webb’s Plaza RMF RMF No 800-850 3rd Avenue South Saint Petersburg Pinellas FL 33701
54 Loan Walgreens Tupelo LCF LCF No 834 Barnes Crossing Road Tupelo Lee MS 38804
55 Loan Best Western Plus - Newport News RMF RMF No 500 Operations Drive Newport News City of Newport News VA 23602
56 Loan Nut Tree 1670 Wells Fargo Bank, National Association WFB No 1670 East Monte Vista Avenue Vacaville Solano CA 95687
57 Loan Parkway Village West UBS AG UBS AG No 3071-3141 South Perkins Road & 4660-4690 Knight Arnold Road Memphis Shelby TN 38118
58 Loan Walgreens Lexington LCF LCF No 5220 Sunset Boulevard Lexington Lexington SC 29072
59 Loan Military Plaza RMF RMF No 1456 - 1528 Military Road Benton Saline AR 72015
60 Loan Ashgrove Apartments RMF RMF No 481 Hambrick Road Stone Mountain DeKalb GA 30083
61 Loan Eagle Springs Professional Center RMF RMF No 5510 and 5514 Atascocita Road Humble Harris TX 77346
62 Loan Safe and Sound Storage BSPRT CMBS Finance, LLC RREF No 9807 Maurice Avenue Maurice Vermilion LA 70555
63 Loan Twin Oaks Apartments BSPRT CMBS Finance, LLC RREF No 915, 935 and 1015 South Court Street Circleville Pickaway OH 43113
64 Loan Cavalier Manor Apartments BSPRT CMBS Finance, LLC RREF No 24563 Kelly Road Eastpointe Macomb MI 48021
65 Loan Ludington Retail Center UBS AG UBS AG No 5530-5560 West US-10 Ludington Mason MI 49431
66 Loan Dollar General  Fayette LCF LCF No 599 South Church Street Fayette Howard MO 65248
67 Loan FedEx Muncie BSPRT CMBS Finance, LLC RREF No 3801 South Cowan Road Muncie Delaware IN 47302
68 Loan Dollar General Centralia LCF LCF No 1948 East McCord Street Centralia Marion IL 62801
69 Loan Dollar General Hubbard Lake LCF LCF No 1697 West Hubert Street Hubbard Lake Alcona MI 49747
70 Loan Dollar General Trenton LCF LCF No 201 Main Street Trenton Grundy MO 64683

 

A-1-2 

 

 

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

 

Mortgage Loan Number Property Flag Property Name General Property Type Specific Property Type Number of Properties Year Built Year Renovated Number of Units(20) Unit of Measure(20) Cut-off Date Balance Per Unit/SF(3) Original Balance(3) Cut-off Date Balance(3) % of Aggregate Cut-off Date Balance Maturity Date or Anticipated Repayment Date Maturity Balance ARD Final Maturity Date Origination Date First Pay Date
1 Loan Grand Canal Shoppes Retail Specialty Retail 1 1999 2007 759,891 Sq. Ft. 1,000 50,384,615 50,384,615 6.2% 7/1/2029 50,384,615 No N/A 6/3/2019 8/1/2019
2 Loan Phoenix Industrial Portfolio II Industrial Various 5 Various Various 2,390,648 Sq. Ft. 28 40,000,000 40,000,000 5.0% 10/6/2029 34,974,966 No N/A 9/10/2019 11/6/2019
2.01 Property Flint Industrial Manufacturing 1 2006 N/A 460,000 Sq. Ft.   9,770,992 9,770,992 1.2%   8,543,503        
2.02 Property Beloit Industrial Warehouse 1 1974 2011 413,903 Sq. Ft.   8,462,377 8,462,377 1.0%   7,399,284        
2.03 Property Jefferson Industrial Warehouse 1 1995-2014 N/A 591,840 Sq. Ft.   8,375,136 8,375,136 1.0%   7,323,003        
2.04 Property DuBois Industrial Warehouse 1 1961; 1988 1988 612,800 Sq. Ft.   8,375,136 8,375,136 1.0%   7,323,003        
2.05 Property Huntsville Industrial Warehouse 1 1976 2017 312,105 Sq. Ft.   5,016,358 5,016,358 0.6%   4,386,173        
3 Loan 600 & 620 National Avenue Office Suburban 1 2017 N/A 151,064 Sq. Ft. 913 38,950,000 38,950,000 4.8% 9/11/2029 38,950,000 No N/A 9/11/2019 10/11/2019
4 Loan Phoenix Industrial Portfolio I Industrial Warehouse 3 Various Various 1,181,569 Sq. Ft. 28 33,000,000 32,950,297 4.1% 9/6/2029 25,976,518 No N/A 8/9/2019 10/6/2019
4.01 Property Emerson Industrial Warehouse 1 1952 1995-1996; 2016-2017 435,695 Sq. Ft.   16,790,000 16,764,712 2.1%   13,216,538        
4.02 Property St Francis Industrial Warehouse 1 1940; 1997 1970; 1992 398,987 Sq. Ft.   11,750,000 11,732,303 1.5%   9,249,215        
4.03 Property Delta Industrial Warehouse 1 1989-1992 2019 346,887 Sq. Ft.   4,460,000 4,453,283 0.6%   3,510,766        
5 Loan 10000 Santa Monica Boulevard Multifamily High Rise 1 2017 N/A 281 Units 782,918 25,000,000 25,000,000 3.1% 5/6/2029 25,000,000 No N/A 4/12/2019 6/6/2019
6 Loan Global Data Center Other Data Center 1 2009 N/A 203,702 Sq. Ft. 182 25,000,000 25,000,000 3.1% 8/11/2029 25,000,000 No N/A 8/6/2019 9/11/2019
7 Loan Waramaug Florida Hotel Portfolio Hospitality Various 2 Various 2016 213 Rooms 114,554 24,400,000 24,400,000 3.0% 9/6/2029 21,132,241 No N/A 8/23/2019 10/6/2019
7.01 Property Residence Inn – Port St. Lucie Hospitality Extended Stay 1 2009 2016 125 Rooms   14,400,000 14,400,000 1.8%   12,471,487        
7.02 Property Springhill Suites – Tallahassee Central Hospitality Limited Service 1 2008 2016 88 Rooms   10,000,000 10,000,000 1.2%   8,660,755        
8 Loan The Chantilly Office Portfolio Office Suburban 5 Various N/A 429,126 Sq. Ft. 108 24,000,000 24,000,000 3.0% 6/6/2029 24,000,000 No N/A 5/16/2019 7/6/2019
8.01 Property Stoneleigh I Office Suburban 1 2006 N/A 109,598 Sq. Ft.   6,130,744 6,130,744 0.8%   6,130,744        
8.02 Property Stoneleigh II Office Suburban 1 2006 N/A 106,547 Sq. Ft.   5,959,871 5,959,871 0.7%   5,959,871        
8.03 Property Glenview II Office Suburban 1 2000 N/A 77,427 Sq. Ft.   4,328,803 4,328,803 0.5%   4,328,803        
8.04 Property Glenview I Office Suburban 1 2000 N/A 76,760 Sq. Ft.   4,292,557 4,292,557 0.5%   4,292,557        
8.05 Property Glenbrook III Office Suburban 1 2000 N/A 58,794 Sq. Ft.   3,288,026 3,288,026 0.4%   3,288,026        
9 Loan Fresenius Salt Lake Office Medical 1 2018 N/A 51,591 Sq. Ft. 407 21,000,000 20,973,336 2.6% 9/6/2029 17,095,410 No N/A 9/6/2019 10/6/2019
10 Loan Centrepointe Plaza Retail Anchored 1 1992 2006; 2018 115,424 Sq. Ft. 178 20,500,000 20,500,000 2.5% 7/6/2029 17,671,134 No N/A 7/1/2019 8/6/2019
11 Loan Nostrand Place Mixed Use Retail/Office 1 1959 2018 70,293 Sq. Ft. 284 19,995,000 19,995,000 2.5% 9/6/2029 18,221,977 No N/A 8/22/2019 10/6/2019
12 Loan Chelmsford MHC Manufactured Housing Community Manufactured Housing Community 1 1974 N/A 254 Pads 71,654 18,200,000 18,200,000 2.3% 8/6/2029 16,500,928 No N/A 8/1/2019 9/6/2019
13 Loan Eagle Point Village Apartments Multifamily Garden 1 2006 N/A 300 Units 58,000 17,400,000 17,400,000 2.2% 8/6/2029 15,493,525 No N/A 7/30/2019 9/6/2019
14 Loan The Black Building Mixed Use Retail/Office 1 2017 N/A 124,023 Sq. Ft. 134 16,650,000 16,650,000 2.1% 10/1/2029 14,395,930 No N/A 9/11/2019 11/1/2019
15 Loan 10-12 Celina Avenue Industrial Warehouse 1 1979 1997 321,800 Sq. Ft. 51 16,510,000 16,510,000 2.0% 8/1/2029 16,510,000 No N/A 7/30/2019 9/1/2019
16 Loan SpringHill Suites Corona Riverside Hospitality Limited Service 1 2009 2016-2017 130 Rooms 115,503 15,050,000 15,015,357 1.9% 8/6/2029 12,346,896 No N/A 7/18/2019 9/6/2019
17 Loan Smoke Tree Village and Smoke Tree Commons Retail Anchored 2 Various N/A 281,235 Sq. Ft. 126 15,000,000 15,000,000 1.9% 7/6/2029 13,766,439 No N/A 7/8/2019 8/6/2019
17.01 Property Smoke Tree Commons Retail Anchored 1 2008 N/A 171,479 Sq. Ft.   9,146,034 9,146,034 1.1%   8,393,888        
17.02 Property Smoke Tree Village Retail Anchored 1 1967 N/A 109,756 Sq. Ft.   5,853,966 5,853,966 0.7%   5,372,551        
18 Loan CIRE Equity Retail & Industrial Portfolio Various Various 11 Various Various 1,190,355 Sq. Ft. 108 15,000,000 15,000,000 1.9% 6/6/2029 15,000,000 No N/A 5/9/2019 7/6/2019
18.01 Property Wood Village Town Center Retail Anchored 1 2006 N/A 137,105 Sq. Ft.   2,472,047 2,472,047 0.3%   2,472,047        
18.02 Property Pecan Promenade Retail Anchored 1 2006 N/A 141,485 Sq. Ft.   2,297,970 2,297,970 0.3%   2,297,970        
18.03 Property Valley Plaza Retail Anchored 1 1991 N/A 146,226 Sq. Ft.   2,090,509 2,090,509 0.3%   2,090,509        
18.04 Property Pear Tree Retail Anchored 1 1977 1998 197,437 Sq. Ft.   1,947,433 1,947,433 0.2%   1,947,433        
18.05 Property Glendale Market Square Retail Anchored 1 1988 N/A 185,907 Sq. Ft.   1,844,099 1,844,099 0.2%   1,844,099        
18.06 Property Central Park Shopping Center Retail Anchored 1 1986 N/A 147,563 Sq. Ft.   1,677,177 1,677,177 0.2%   1,677,177        
18.07 Property Val Vista Towne Center Retail Anchored 1 2000 N/A 93,352 Sq. Ft.   1,478,459 1,478,459 0.2%   1,478,459        
18.08 Property 2641 Hall Ave - Riverside, CA Industrial Warehouse 1 1987; 2014 N/A 34,982 Sq. Ft.   436,352 436,352 0.1%   436,352        
18.09 Property 606 W Troy - Indianapolis, IN Industrial Warehouse 1 1967 1989 22,860 Sq. Ft.   325,897 325,897 0.0%   325,897        
18.10 Property Homeland - Bartow, FL Industrial Warehouse 1 1983 N/A 67,438 Sq. Ft.   230,512 230,512 0.0%   230,512        
18.11 Property 2621 Hall Ave - Riverside, CA Industrial Warehouse 1 1990 N/A 16,000 Sq. Ft.   199,544 199,544 0.0%   199,544        
19 Loan Courtyard by Marriott Mt. Juliet Hospitality Limited Service 1 2016 N/A 96 Rooms 154,583 14,840,000 14,840,000 1.8% 10/1/2029 11,768,136 No N/A 9/11/2019 11/1/2019
20 Loan Hudson River Hotel Hospitality Limited Service 1 1999 N/A 56 Rooms 253,278 14,200,000 14,183,560 1.8% 9/6/2029 11,751,245 No N/A 9/3/2019 10/6/2019
21 Loan Hampton Inn & Suites Mt. Juliet Hospitality Limited Service 1 2008 2017; 2018 108 Rooms 128,519 13,880,000 13,880,000 1.7% 10/1/2029 11,058,672 No N/A 9/11/2019 11/1/2019
22 Loan Gateway Tower Office CBD 1 1966 2014 213,229 Sq. Ft. 65 13,850,000 13,850,000 1.7% 9/6/2029 12,285,530 No N/A 9/11/2019 10/6/2019
23 Loan Gatlin Retail Portfolio Retail Anchored 2 Various Various 324,261 Sq. Ft. 73 13,775,000 13,775,000 1.7% 10/6/2029 10,919,617 No N/A 9/13/2019 11/6/2019
23.01 Property The Forum at Gateways Retail Anchored 1 1998-1999 2002 256,212 Sq. Ft.   9,444,059 9,444,059 1.2%   7,486,425        
23.02 Property Wilson Square Shopping Center Retail Anchored 1 1987 2013;2019 68,049 Sq. Ft.   4,330,941 4,330,941 0.5%   3,433,192        
24 Loan Ambler Yards Mixed Use Industrial/Office 1 1950 2016 246,205 Sq. Ft. 95 13,300,000 13,300,000 1.6% 6/6/2029 11,434,543 No N/A 5/9/2019 7/6/2019
25 Loan Blackmore Marketplace Retail Anchored 1 2013 N/A 163,926 Sq. Ft. 141 13,100,000 13,100,000 1.6% 8/6/2029 11,050,516 No N/A 8/9/2019 9/6/2019
26 Loan Maui Portfolio Various Various 2 Various N/A 147 Various 193,878 12,500,000 12,500,000 1.5% 6/6/2029 11,241,246 No N/A 5/22/2019 7/6/2019
26.01 Property Maui Beach Hotel Hospitality Full Service 1 1968; 1970 N/A 147 Rooms   8,289,474 8,289,474 1.0%   7,454,721        
26.02 Property Maui Nui Golf Course Other Golf Course 1 1987 N/A 178 Acres   4,210,526 4,210,526 0.5%   3,786,525        
27 Loan Motus Headquarters Industrial Warehouse 1 1995 2004 320,333 Sq. Ft. 38 12,200,000 12,200,000 1.5% 7/6/2029 12,200,000 No N/A 6/21/2019 8/6/2019
28 Loan Comfort Inn & Suites - Seattle Hospitality Limited Service 1 1987 2017-2018 119 Rooms 97,353 11,600,000 11,585,000 1.4% 9/6/2029 9,411,241 No N/A 9/9/2019 10/6/2019
29 Loan Landing at Fancher Creek Multifamily Garden 1 1986 2019 476 Units 66,176 11,500,000 11,500,000 1.4% 9/11/2029 9,746,980 No N/A 9/11/2019 10/11/2019
30 Loan The Bijou Building Mixed Use Retail/Office 1 1923 2000 22,801 Sq. Ft. 500 11,400,000 11,400,000 1.4% 8/11/2029 11,400,000 No N/A 8/5/2019 9/11/2019
31 Loan Howell Industrial Portfolio Industrial Various 2 Various Various 212,500 Sq. Ft. 53 11,250,000 11,235,585 1.4% 9/6/2029 9,142,795 No N/A 8/29/2019 10/6/2019
31.01 Property Hatch Stamping Industrial Manufacturing 1 2005 2019 100,000 Sq. Ft.   6,350,000 6,341,863 0.8%   5,160,600        
31.02 Property TK Holdings Industrial Warehouse/Distribution 1 1999 2013 112,500 Sq. Ft.   4,900,000 4,893,721 0.6%   3,982,195        
32 Loan Pikeville Commons Mixed Use Multifamily/Retail 1 2014 N/A 121,165 Sq. Ft. 90 10,900,000 10,880,890 1.3% 9/6/2029 8,063,673 No N/A 8/30/2019 10/6/2019
33 Loan Courtyard by Marriott Secaucus Hospitality Limited Service 1 1989 2019 168 Rooms 89,286 10,000,000 10,000,000 1.2% 10/6/2029 7,270,221 No N/A 9/12/2019 11/6/2019
34 Loan Meidinger Tower Office CBD 1 1982 2006 331,054 Sq. Ft. 85 9,000,000 9,000,000 1.1% 7/6/2029 8,065,327 No N/A 7/9/2019 8/6/2019
35 Loan The Cliffs at Waterford Multifamily Garden 1 2010-2011 N/A 144 Units 60,069 8,650,000 8,650,000 1.1% 10/6/2029 8,650,000 No N/A 9/11/2019 11/6/2019
36 Loan Staybridge Suites Benton Harbor Hospitality Extended Stay 1 2017 N/A 88 Rooms 96,464 8,500,000 8,488,807 1.1% 9/6/2029 6,872,608 No N/A 8/13/2019 10/6/2019
37 Loan Home2 Suites Cartersville Hospitality Limited Service 1 2016 N/A 80 Rooms 105,981 8,500,000 8,478,509 1.1% 8/6/2029 6,865,958 No N/A 7/15/2019 9/6/2019

 

A-1-3 

 

 

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

 

Mortgage Loan Number Property Flag Property Name General Property Type Specific Property Type Number of Properties Year Built Year Renovated Number of Units(20) Unit of Measure(20) Cut-off Date Balance Per Unit/SF(3) Original Balance(3) Cut-off Date Balance(3) % of Aggregate Cut-off Date Balance Maturity Date or Anticipated Repayment Date Maturity Balance ARD Final Maturity Date Origination Date First Pay Date
38 Loan Corporate Place Industrial Flex 1 2000 N/A 86,613 Sq. Ft. 95 8,250,000 8,250,000 1.0% 8/11/2029 8,250,000 No N/A 7/19/2019 9/11/2019
39 Loan New Hampshire Self Storage Portfolio Self Storage Self Storage 2 Various N/A 115,372 Sq. Ft. 72 8,250,000 8,250,000 1.0% 8/6/2024 8,250,000 No N/A 7/18/2019 9/6/2019
39.01 Property Seacoast Self Storage Self Storage Self Storage 1 2017 N/A 58,192 Sq. Ft.   4,600,000 4,600,000 0.6%   4,600,000        
39.02 Property Derry Self Storage Self Storage Self Storage 1 2016 N/A 57,180 Sq. Ft.   3,650,000 3,650,000 0.5%   3,650,000        
40 Loan Springhill Suites Auburn Hills Hospitality Select Service 1 2009 2016 102 Rooms 80,671 8,250,000 8,228,420 1.0% 8/6/2029 6,624,686 No N/A 8/5/2019 9/6/2019
41 Loan San Antonio Hotel Portfolio Hospitality Limited Service 2 Various N/A 127 Rooms 56,299 7,150,000 7,150,000 0.9% 10/1/2029 5,567,399 No N/A 9/4/2019 11/1/2019
41.01 Property La Quinta San Antonio Hospitality Limited Service 1 2016 N/A 64 Rooms   4,000,000 4,000,000 0.5%   3,114,629        
41.02 Property Best Western Elmendorf Hospitality Limited Service 1 2015 N/A 63 Rooms   3,150,000 3,150,000 0.4%   2,452,770        
42 Loan Best Western El Grande Inn Hospitality Limited Service 1 1985 2019 68 Rooms 104,412 7,100,000 7,100,000 0.9% 10/1/2029 5,691,146 No N/A 9/5/2019 11/1/2019
43 Loan MainStay Suites Grantville Hershey Hospitality Extended Stay 1 2008 2019 64 Rooms 109,111 7,000,000 6,983,107 0.9% 8/6/2029 5,698,875 No N/A 7/31/2019 9/6/2019
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs Hospitality Limited Service 1 2011 2017-2018 78 Rooms 89,518 7,000,000 6,982,408 0.9% 8/6/2029 5,660,170 No N/A 7/18/2019 9/6/2019
45 Loan Indian Lake West Plaza Retail Shadow Anchored 1 2015 N/A 41,328 Sq. Ft. 157 6,500,000 6,500,000 0.8% 8/6/2029 5,406,436 No N/A 7/31/2019 9/6/2019
46 Loan El Segundo Plaza Retail Unanchored 1 1956 N/A 24,022 Sq. Ft. 263 6,350,000 6,325,208 0.8% 8/6/2029 4,535,702 No N/A 7/18/2019 9/6/2019
47 Loan Hampton Inn Belton Hospitality Limited Service 1 2013 N/A 80 Rooms 76,701 6,150,000 6,136,048 0.8% 8/6/2029 5,057,019 No N/A 7/17/2019 9/6/2019
48 Loan 87 East 4th Street Mixed Use Multifamily/Retail 1 1900 N/A 5,811 Sq. Ft. 1,050 6,100,000 6,100,000 0.8% 9/6/2029 6,100,000 No N/A 8/27/2019 10/6/2019
49 Loan Norman’s Crossing Retail Unanchored 1 2019 N/A 5,750 Sq. Ft. 896 5,150,000 5,150,000 0.6% 9/6/2029 5,150,000 No N/A 8/27/2019 10/6/2019
50 Loan Windsor Park Apartments Multifamily Garden 1 1978 2018 80 Units 62,500 5,000,000 5,000,000 0.6% 8/11/2029 4,568,714 No N/A 8/9/2019 9/11/2019
51 Loan Walgreens Douglasville Retail Single Tenant 1 2008 N/A 13,434 Sq. Ft. 346 4,650,000 4,650,000 0.6% 9/6/2029 4,650,000 Yes 10/6/2033 9/6/2019 10/6/2019
52 Loan Northern Hills Shopping Center Retail Shadow Anchored 1 1983 N/A 19,833 Sq. Ft. 230 4,556,250 4,556,250 0.6% 8/6/2029 3,885,112 No N/A 7/29/2019 9/6/2019
53 Loan Webb’s Plaza Retail Unanchored 1 1987 N/A 62,339 Sq. Ft. 72 4,525,000 4,518,480 0.6% 9/6/2029 3,594,688 No N/A 9/9/2019 10/6/2019
54 Loan Walgreens Tupelo Retail Single Tenant 1 2008 N/A 14,691 Sq. Ft. 303 4,450,000 4,450,000 0.6% 9/6/2029 4,450,000 Yes 1/6/2033 9/6/2019 10/6/2019
55 Loan Best Western Plus - Newport News Hospitality Limited Service 1 2006 2018 65 Rooms 67,574 4,400,000 4,392,332 0.5% 9/6/2029 3,259,914 No N/A 8/23/2019 10/6/2019
56 Loan Nut Tree 1670 Retail Shadow Anchored 1 2017 N/A 9,592 Sq. Ft. 448 4,300,000 4,300,000 0.5% 8/11/2029 3,630,527 No N/A 7/31/2019 9/11/2019
57 Loan Parkway Village West Retail Anchored 1 1959 N/A 147,520 Sq. Ft. 29 4,228,000 4,228,000 0.5% 9/6/2029 3,596,276 No N/A 9/10/2019 10/6/2019
58 Loan Walgreens Lexington Retail Single Tenant 1 2008 N/A 14,820 Sq. Ft. 273 4,050,000 4,050,000 0.5% 9/6/2029 4,050,000 Yes 10/6/2034 9/6/2019 10/6/2019
59 Loan Military Plaza Retail Anchored 1 1985 N/A 104,644 Sq. Ft. 36 3,750,000 3,750,000 0.5% 9/6/2029 3,408,929 No N/A 8/23/2019 10/6/2019
60 Loan Ashgrove Apartments Multifamily Garden 1 1984 N/A 92 Units 37,779 3,480,000 3,475,622 0.4% 9/6/2029 2,837,720 No N/A 9/5/2019 10/6/2019
61 Loan Eagle Springs Professional Center Office Suburban 1 2005 N/A 25,892 Sq. Ft. 129 3,350,000 3,350,000 0.4% 8/6/2029 2,918,895 No N/A 8/6/2019 9/6/2019
62 Loan Safe and Sound Storage Self Storage Self Storage 1 2012 N/A 59,470 Sq. Ft. 44 2,600,000 2,590,905 0.3% 8/6/2029 1,908,470 No N/A 8/1/2019 9/6/2019
63 Loan Twin Oaks Apartments Multifamily Garden 1 1978 2018 60 Units 41,944 2,520,000 2,516,621 0.3% 9/6/2029 2,030,495 No N/A 8/14/2019 10/6/2019
64 Loan Cavalier Manor Apartments Multifamily Garden 1 1958 N/A 66 Units 37,500 2,475,000 2,475,000 0.3% 10/6/2029 2,001,246 No N/A 9/11/2019 11/6/2019
65 Loan Ludington Retail Center Retail Unanchored 1 1975 1995 77,496 Sq. Ft. 31 2,377,500 2,371,762 0.3% 8/6/2029 1,935,583 No N/A 8/6/2019 9/6/2019
66 Loan Dollar General  Fayette Retail Single Tenant 1 2019 N/A 10,566 Sq. Ft. 101 1,071,000 1,071,000 0.1% 9/6/2029 1,071,000 Yes 1/6/2034 9/6/2019 10/6/2019
67 Loan FedEx Muncie Industrial Warehouse 1 1991 N/A 13,875 Sq. Ft. 68 950,000 950,000 0.1% 10/6/2029 699,953 No N/A 9/12/2019 11/6/2019
68 Loan Dollar General Centralia Retail Single Tenant 1 2019 N/A 9,002 Sq. Ft. 103 931,000 931,000 0.1% 9/6/2029 931,000 Yes 2/6/2034 9/6/2019 10/6/2019
69 Loan Dollar General Hubbard Lake Retail Single Tenant 1 2019 N/A 9,026 Sq. Ft. 100 903,000 903,000 0.1% 9/6/2029 903,000 Yes 4/6/2034 9/6/2019 10/6/2019
70 Loan Dollar General Trenton Retail Single Tenant 1 2019 N/A 9,100 Sq. Ft. 96 875,000 875,000 0.1% 9/6/2029 875,000 Yes 12/6/2033 9/6/2019 10/6/2019

 

A-1-4 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Payment Day Gross Mortgage Rate Total Administrative Fee Net Mortgage Rate ARD Rate Interest Accrual Method Monthly Debt Service Payment Amortization Type Original Term to Maturity or ARD Remaining Term to Maturity or ARD Original IO Term Remaining IO Term Original Amortization Term Remaining Amortization Term Seasoning Prepayment Provisions(5)(6) Grace Period Default Grace Period Late
1 Loan Grand Canal Shoppes 1 3.740800% 0.015170% 3.725630% N/A Actual/360 159,683.40  Full IO 120 117 120 117 0 0 3 LO(27);DEF(88);O(5) 0 (1 grace period of 2 business days every 12 month period) 0
2 Loan Phoenix Industrial Portfolio II 6 4.450000% 0.013920% 4.436080% N/A Actual/360 201,487.50  Partial IO 120 120 36 36 360 360 0 LO(24);DEF(90);O(6) 0 0
2.01 Property Flint                                     
2.02 Property Beloit                                     
2.03 Property Jefferson                                     
2.04 Property DuBois                                     
2.05 Property Huntsville                                     
3 Loan 600 & 620 National Avenue 11 3.688000% 0.013920% 3.674080% N/A Actual/360 121,701.44  Full IO 120 119 120 119 0 0 1 LO(25);DEF(90);O(5) 0 0
4 Loan Phoenix Industrial Portfolio I 6 3.750000% 0.013920% 3.736080% N/A Actual/360 152,828.15  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(89);O(6) 0 0
4.01 Property Emerson                                     
4.02 Property St Francis                                     
4.03 Property Delta                                     
5 Loan 10000 Santa Monica Boulevard 6 4.150000% 0.013920% 4.136080% N/A Actual/360 87,659.14  Full IO 120 115 120 115 0 0 5 LO(29);DEF(87);O(4) 0 0
6 Loan Global Data Center 11 4.320000% 0.033920% 4.286080% N/A Actual/360 91,500.00  Full IO 120 118 120 118 0 0 2 LO(26);DEF(87);O(7) 0 0
7 Loan Waramaug Florida Hotel Portfolio 6 4.050000% 0.013920% 4.036080% N/A Actual/360 117,193.77  Partial IO 120 119 36 35 360 360 1 LO(25);DEF(91);O(4) 0 0
7.01 Property Residence Inn – Port St. Lucie                                     
7.02 Property Springhill Suites – Tallahassee Central                                     
8 Loan The Chantilly Office Portfolio 6 4.150000% 0.013920% 4.136080% N/A Actual/360 84,152.78  Full IO 120 116 120 116 0 0 4 LO(28);DEF(85);O(7) 0 0
8.01 Property Stoneleigh I                                     
8.02 Property Stoneleigh II                                     
8.03 Property Glenview II                                     
8.04 Property Glenview I                                     
8.05 Property Glenbrook III                                     
9 Loan Fresenius Salt Lake 6 4.700000% 0.013920% 4.686080% N/A Actual/360 108,913.94  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(92);O(3) 0 0
10 Loan Centrepointe Plaza 6 4.850000% 0.013920% 4.836080% N/A Actual/360 108,176.82  Partial IO 120 117 24 21 360 360 3 LO(27);DEF(88);O(5) 0 0
11 Loan Nostrand Place 6 4.250000% 0.013920% 4.236080% N/A Actual/360 98,363.38  Partial IO 120 119 60 59 360 360 1 LO(25);DEF(91);O(4) 0 0
12 Loan Chelmsford MHC 6 3.943000% 0.013920% 3.929080% N/A Actual/360 86,292.58  Partial IO 120 118 60 58 360 360 2 LO(26);DEF(90);O(4) 0 0
13 Loan Eagle Point Village Apartments 6 4.200000% 0.013920% 4.186080% N/A Actual/360 85,088.99  Partial IO 120 118 48 46 360 360 2 LO(26);DEF(89);O(5) 0 0
14 Loan The Black Building 1 3.980000% 0.013920% 3.966080% N/A Actual/360 79,297.79  Partial IO 120 120 36 36 360 360 0 LO(24);DEF(93);O(3) 7 7
15 Loan 10-12 Celina Avenue 1 4.180000% 0.013920% 4.166080% N/A Actual/360 58,308.58  Full IO 120 118 120 118 0 0 2 LO(26);DEF(89);O(5) 7 7
16 Loan SpringHill Suites Corona Riverside 6 4.930000% 0.013920% 4.916080% N/A Actual/360 80,149.03  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(89);O(5) 0 0
17 Loan Smoke Tree Village and Smoke Tree Commons 6 4.683000% 0.015170% 4.667830% N/A Actual/360 77,642.48  Partial IO 120 117 60 57 360 360 3 LO(24);YM1(92);O(4) 0 0
17.01 Property Smoke Tree Commons                                     
17.02 Property Smoke Tree Village                                     
18 Loan CIRE Equity Retail & Industrial Portfolio 6 4.139000% 0.021620% 4.117380% N/A Actual/360 52,456.08  Full IO 120 116 120 116 0 0 4 LO(24);YM1(89);O(7) 0 0
18.01 Property Wood Village Town Center                                     
18.02 Property Pecan Promenade                                     
18.03 Property Valley Plaza                                     
18.04 Property Pear Tree                                     
18.05 Property Glendale Market Square                                     
18.06 Property Central Park Shopping Center                                     
18.07 Property Val Vista Towne Center                                     
18.08 Property 2641 Hall Ave - Riverside, CA                                     
18.09 Property 606 W Troy - Indianapolis, IN                                     
18.10 Property Homeland - Bartow, FL                                     
18.11 Property 2621 Hall Ave - Riverside, CA                                     
19 Loan Courtyard by Marriott Mt. Juliet 1 3.950000% 0.013920% 3.936080% N/A Actual/360 70,421.33  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(92);O(4) 7 7
20 Loan Hudson River Hotel 6 5.200000% 0.013920% 5.186080% N/A Actual/360 77,973.75  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(92);O(3) 0 0
21 Loan Hampton Inn & Suites Mt. Juliet 1 4.080000% 0.013920% 4.066080% N/A Actual/360 66,907.00  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(92);O(4) 7 7
22 Loan Gateway Tower 6 4.015000% 0.013920% 4.001080% N/A Actual/360 66,241.84  Partial IO 120 119 48 47 360 360 1 LO(25);DEF(88);O(7) 0 0
23 Loan Gatlin Retail Portfolio 6 3.940000% 0.013920% 3.926080% N/A Actual/360 65,288.36  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(92);O(4) 0 0
23.01 Property The Forum at Gateways                                     
23.02 Property Wilson Square Shopping Center                                     
24 Loan Ambler Yards 6 4.750000% 0.013920% 4.736080% N/A Actual/360 69,379.10  Partial IO 120 116 24 20 360 360 4 LO(28);DEF(87);O(5) 0 0
25 Loan Blackmore Marketplace 6 4.048000% 0.013920% 4.034080% N/A Actual/360 62,904.46  Partial IO 120 118 24 22 360 360 2 LO(12);YM1(104);O(4) 0 0
26 Loan Maui Portfolio 6 5.750000% 0.013920% 5.736080% N/A Actual/360 72,946.61  Partial IO 120 116 36 32 360 360 4 LO(28);DEF(85);O(7) 0 0
26.01 Property Maui Beach Hotel                                     
26.02 Property Maui Nui Golf Course                                     
27 Loan Motus Headquarters 6 4.400000% 0.013920% 4.386080% N/A Actual/360 45,354.63  Full IO 120 117 120 117 0 0 3 LO(27);DEF(88);O(5) 0 0
28 Loan Comfort Inn & Suites - Seattle 6 4.600000% 0.013920% 4.586080% N/A Actual/360 59,466.75  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(91);O(4) 0 0
29 Loan Landing at Fancher Creek 11 4.220000% 0.015170% 4.204830% N/A Actual/360 56,371.30  Partial IO 120 119 24 23 360 360 1 LO(25);DEF(91);O(4) 0 0
30 Loan The Bijou Building 11 3.800000% 0.013920% 3.786080% N/A Actual/360 36,701.67  Full IO 120 118 120 118 0 0 2 LO(26);DEF(90);O(4) 0 0
31 Loan Howell Industrial Portfolio 6 4.650000% 0.013920% 4.636080% N/A Actual/360 58,009.14  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(90);O(5) 0 0
31.01 Property Hatch Stamping                                     
31.02 Property TK Holdings                                     
32 Loan Pikeville Commons 6 4.710000% 0.013920% 4.696080% N/A Actual/360 61,892.28  Amortizing 120 119 0 0 300 299 1 LO(25);DEF(92);O(3) 0 0
33 Loan Courtyard by Marriott Secaucus 6 4.250000% 0.013920% 4.236080% N/A Actual/360 54,173.81  Amortizing 120 120 0 0 300 300 0 LO(24);YM1(92);O(4) 0 0
34 Loan Meidinger Tower 6 4.520000% 0.013920% 4.506080% N/A Actual/360 45,708.69  Partial IO 120 117 48 45 360 360 3 LO(27);DEF(89);O(4) 0 0
35 Loan The Cliffs at Waterford 6 3.880000% 0.013920% 3.866080% N/A Actual/360 28,356.78  Full IO 120 120 120 120 0 0 0 LO(24);DEF(92);O(4) 0 0
36 Loan Staybridge Suites Benton Harbor 6 4.500000% 0.013920% 4.486080% N/A Actual/360 43,068.25  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(90);O(5) 0 0
37 Loan Home2 Suites Cartersville 6 4.470000% 0.013920% 4.456080% N/A Actual/360 42,916.87  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0

 

A-1-5 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Payment Day Gross Mortgage Rate Total Administrative Fee Net Mortgage Rate ARD Rate Interest Accrual Method Monthly Debt Service Payment Amortization Type Original Term to Maturity or ARD Remaining Term to Maturity or ARD Original IO Term Remaining IO Term Original Amortization Term Remaining Amortization Term Seasoning Prepayment Provisions(5)(6) Grace Period Default Grace Period Late
38 Loan Corporate Place 11 3.500000% 0.013920% 3.486080% N/A Actual/360 24,463.54  Full IO 120 118 120 118 0 0 2 LO(26);DEF/YM1(87);O(7) 0 5
39 Loan New Hampshire Self Storage Portfolio 6 4.490000% 0.013920% 4.476080% N/A Actual/360 31,297.48  Full IO 60 58 60 58 0 0 2 LO(26);DEF(27);O(7) 0 0
39.01 Property Seacoast Self Storage                                     
39.02 Property Derry Self Storage                                     
40 Loan Springhill Suites Auburn Hills 6 4.300000% 0.013920% 4.286080% N/A Actual/360 40,826.89  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0
41 Loan San Antonio Hotel Portfolio 1 4.900000% 0.013920% 4.886080% N/A Actual/360 39,833.51  Amortizing 120 120 0 0 324 324 0 LO(24);DEF(93);O(3) 7 7
41.01 Property La Quinta San Antonio                                     
41.02 Property Best Western Elmendorf                                     
42 Loan Best Western El Grande Inn 1 4.250000% 0.013920% 4.236080% N/A Actual/360 34,927.73  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(93);O(3) 7 7
43 Loan MainStay Suites Grantville Hershey 6 4.700000% 0.013920% 4.686080% N/A Actual/360 36,304.65  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs 6 4.500000% 0.072670% 4.427330% N/A Actual/360 35,467.97  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0
45 Loan Indian Lake West Plaza 6 4.500000% 0.013920% 4.486080% N/A Actual/360 32,934.55  Partial IO 120 118 12 10 360 360 2 LO(26);DEF(90);O(4) 0 0
46 Loan El Segundo Plaza 6 3.800000% 0.013920% 3.786080% N/A Actual/360 32,820.39  Amortizing 120 118 0 0 300 298 2 LO(12);YM1(102);O(6) 0 0
47 Loan Hampton Inn Belton 6 5.000000% 0.013920% 4.986080% N/A Actual/360 33,014.53  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0
48 Loan 87 East 4th Street 6 4.650000% 0.013920% 4.636080% N/A Actual/360 23,965.80  Full IO 120 119 120 119 0 0 1 LO(25);DEF(91);O(4) 0 0
49 Loan Norman’s Crossing 6 4.300000% 0.013920% 4.286080% N/A Actual/360 18,710.47  Full IO 120 119 120 119 0 0 1 LO(24);YM1(92);O(4) 0 0
50 Loan Windsor Park Apartments 11 4.410000% 0.013920% 4.396080% N/A Actual/360 25,067.59  Partial IO 120 118 60 58 360 360 2 LO(26);DEF(90);O(4) 0 0
51 Loan Walgreens Douglasville 6 4.480000% 0.013920% 4.466080% 8.480000% Actual/360 17,601.11  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0
52 Loan Northern Hills Shopping Center 6 4.440000% 0.013920% 4.426080% N/A Actual/360 22,923.70  Partial IO 120 118 24 22 360 360 2 LO(24);YM1(92);O(4) 0 0
53 Loan Webb’s Plaza 6 4.000000% 0.013920% 3.986080% N/A Actual/360 21,603.04  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(91);O(4) 0 0
54 Loan Walgreens Tupelo 6 4.480000% 0.013920% 4.466080% 8.480000% Actual/360 16,844.07  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0
55 Loan Best Western Plus - Newport News 6 4.750000% 0.013920% 4.736080% N/A Actual/360 25,085.16  Amortizing 120 119 0 0 300 299 1 LO(25);DEF(91);O(4) 0 0
56 Loan Nut Tree 1670 11 4.080000% 0.013920% 4.066080% N/A Actual/360 20,727.67  Partial IO 120 118 24 22 360 360 2 LO(26);DEF(90);O(4) 0 0
57 Loan Parkway Village West 6 4.350000% 0.013920% 4.336080% N/A Actual/360 21,047.48  Partial IO 120 119 24 23 360 360 1 LO(25);DEF(91);O(4) 0 0
58 Loan Walgreens Lexington 6 4.480000% 0.013920% 4.466080% 8.480000% Actual/360 15,330.00  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0
59 Loan Military Plaza 6 4.100000% 0.013920% 4.086080% N/A Actual/360 18,119.94  Partial IO 120 119 60 59 360 360 1 LO(25);DEF(91);O(4) 0 0
60 Loan Ashgrove Apartments 6 4.750000% 0.013920% 4.736080% N/A Actual/360 18,153.33  Amortizing 120 119 0 0 360 359 1 LO(25);DEF(91);O(4) 0 0
61 Loan Eagle Springs Professional Center 6 4.300000% 0.013920% 4.286080% N/A Actual/360 16,578.19  Partial IO 120 118 36 34 360 360 2 LO(24);YM1(92);O(4) 0 10
62 Loan Safe and Sound Storage 6 4.500000% 0.013920% 4.486080% N/A Actual/360 14,451.64  Amortizing 120 118 0 0 300 298 2 LO(26);DEF(90);O(4) 0 0
63 Loan Twin Oaks Apartments 6 4.400000% 0.013920% 4.386080% N/A Actual/360 12,619.17  Amortizing 120 119 0 0 360 359 1 YM1(116);O(4) 0 0
64 Loan Cavalier Manor Apartments 6 4.500000% 0.013920% 4.486080% N/A Actual/360 12,540.46  Amortizing 120 120 0 0 360 360 0 LO(24);DEF(92);O(4) 0 0
65 Loan Ludington Retail Center 6 4.700000% 0.013920% 4.686080% N/A Actual/360 12,330.61  Amortizing 120 118 0 0 360 358 2 LO(26);DEF(90);O(4) 0 0
66 Loan Dollar General  Fayette 6 4.930000% 0.013920% 4.916080% 8.930000% Actual/360 4,461.14  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0
67 Loan FedEx Muncie 6 4.600000% 0.013920% 4.586080% N/A Actual/360 5,334.48  Amortizing 120 120 0 0 300 300 0 LO(24);DEF(92);O(4) 0 0
68 Loan Dollar General Centralia 6 5.430000% 0.013920% 5.416080% 9.430000% Actual/360 4,271.29  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0
69 Loan Dollar General Hubbard Lake 6 4.930000% 0.013920% 4.916080% 8.930000% Actual/360 3,761.35  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0
70 Loan Dollar General Trenton 6 5.580000% 0.013920% 5.566080% 9.580000% Actual/360 4,125.26  Full IO, ARD 120 119 120 119 0 0 1 YM(25);DEF/YM(88);O(7) 0 0

 

A-1-6 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Grace Period at Maturity Default Appraised Value(4) Appraisal Date(4) U/W NOI DSCR(3) U/W NCF DSCR(3) Cut-off Date LTV Ratio(3)(4) LTV Ratio at Maturity or ARD(3)(4) U/W NOI Debt Yield(3) U/W NCF Debt Yield(3) U/W EGI U/W Expenses U/W NOI U/W Replacement U/W TI/LC U/W NCF Occupancy Rate Occupancy as-of Date Most Recent Operating Statement Date(21) Most Recent EGI Most Recent Expenses Most Recent NOI
1 Loan Grand Canal Shoppes 0 1,640,000,000 4/3/2019 2.53 2.46 46.3% 46.3% 9.6% 9.3% 104,029,334 31,007,624 73,021,709 0 2,023,806 70,997,903 94.0% 5/31/2019 TTM 3/31/2019 102,473,435 31,007,624 71,465,811
2 Loan Phoenix Industrial Portfolio II 0 91,700,000 Various 1.63 1.41 74.2% 64.8% 9.8% 8.5% 9,131,734 2,447,004 6,684,731 359,446 513,774 5,811,511 93.8% 6/30/2019 TTM 6/30/2019 9,275,816 2,248,289 7,027,527
2.01 Property Flint   22,400,000 8/8/2019             2,526,240 410,208 2,116,032 129,298 120,119 1,866,615 100.0% 6/30/2019 TTM 6/30/2019 2,135,123 159,881 1,975,242
2.02 Property Beloit   19,400,000 8/12/2019             1,689,683 921,780 767,903 35,351 79,199 653,354 67.0% 6/30/2019 TTM 6/30/2019 2,531,803 1,100,402 1,431,401
2.03 Property Jefferson   19,200,000 8/12/2019             1,632,426 245,814 1,386,611 121,272 117,899 1,147,440 100.0% 6/30/2019 TTM 6/30/2019 1,683,269 318,719 1,364,550
2.04 Property DuBois   19,200,000 8/16/2019             1,987,794 534,766 1,453,028 42,896 129,572 1,280,560 100.0% 6/30/2019 TTM 6/30/2019 1,703,788 295,208 1,408,580
2.05 Property Huntsville   11,500,000 8/19/2019             1,295,591 334,435 961,156 30,628 66,985 863,543 95.9% 6/30/2019 TTM 6/30/2019 1,221,833 374,079 847,754
3 Loan 600 & 620 National Avenue 0 185,000,000 8/19/2019 1.93 1.93 70.0% 70.0% 7.2% 7.2% 12,672,245 2,708,238 9,964,007 0 0 9,964,007 100.0% 10/1/2019 N/A N/A N/A N/A
4 Loan Phoenix Industrial Portfolio I 0 51,300,000 Various 2.04 1.93 64.2% 50.6% 11.3% 10.7% 4,618,555 882,044 3,736,511 86,463 116,405 3,533,643 100.0% 5/31/2019 TTM 5/31/2019 4,548,754 796,453 3,752,302
4.01 Property Emerson   26,000,000 7/18/2019             2,089,838 329,948 1,759,890 4,357 56,136 1,699,398 100.0% 5/31/2019 TTM 5/31/2019 2,079,463 349,100 1,730,362
4.02 Property St Francis   18,200,000 7/18/2019             1,649,275 382,317 1,266,958 71,699 34,286 1,160,973 100.0% 5/31/2019 TTM 5/31/2019 1,569,344 302,424 1,266,920
4.03 Property Delta   7,100,000 7/19/2019             879,442 169,779 709,663 10,407 25,983 673,273 100.0% 5/31/2019 TTM 5/31/2019 899,948 144,928 755,020
5 Loan 10000 Santa Monica Boulevard 0 553,000,000 3/25/2019 2.35 2.34 39.8% 39.8% 9.9% 9.8% 41,869,092 20,152,705 21,716,388 56,200 0 21,660,188 89.0% 4/9/2019 TTM 1/31/2019 40,206,841 19,998,236 20,208,605
6 Loan Global Data Center 0 60,000,000 6/13/2019 2.41 2.29 61.7% 61.7% 10.6% 10.1% 4,630,945 710,450 3,920,496 40,740 155,200 3,724,555 100.0% 10/1/2019 TTM 7/31/2019 3,980,845 565,997 3,414,848
7 Loan Waramaug Florida Hotel Portfolio 0 32,800,000 Various 2.34 2.10 74.4% 64.4% 13.5% 12.1% 8,448,839 5,151,088 3,297,751 337,954 0 2,959,797 85.3% 6/30/2019 TTM 6/30/2019 8,448,839 5,127,741 3,321,098
7.01 Property Residence Inn – Port St. Lucie   19,000,000 7/15/2019             4,743,150 2,844,682 1,898,468 189,726 0 1,708,742 86.2% 6/30/2019 TTM 6/30/2019 4,743,150 2,808,583 1,934,568
7.02 Property Springhill Suites – Tallahassee Central   13,800,000 7/16/2019             3,705,689 2,306,406 1,399,283 148,228 0 1,251,055 84.1% 6/30/2019 TTM 6/30/2019 3,705,689 2,319,159 1,386,530
8 Loan The Chantilly Office Portfolio 0 104,500,000 3/28/2019 3.99 3.60 44.4% 44.4% 16.8% 15.2% 12,579,017 4,792,591 7,786,425 85,825 673,181 7,027,419 86.2% 5/31/2019 TTM 2/28/2019 10,876,903 4,665,057 6,211,845
8.01 Property Stoneleigh I   26,874,518 3/28/2019             N/A N/A N/A N/A N/A N/A 64.0% 5/31/2019 N/A N/A N/A N/A
8.02 Property Stoneleigh II   26,125,482 3/28/2019             N/A N/A N/A N/A N/A N/A 100.0% 5/31/2019 N/A N/A N/A N/A
8.03 Property Glenview II   18,719,130 3/28/2019             N/A N/A N/A N/A N/A N/A 87.5% 5/31/2019 N/A N/A N/A N/A
8.04 Property Glenview I   18,562,391 3/28/2019             N/A N/A N/A N/A N/A N/A 94.3% 5/31/2019 N/A N/A N/A N/A
8.05 Property Glenbrook III   14,218,478 3/28/2019             N/A N/A N/A N/A N/A N/A 90.4% 5/31/2019 N/A N/A N/A N/A
9 Loan Fresenius Salt Lake 0 30,600,000 7/25/2019 1.31 1.29 68.5% 55.9% 8.2% 8.1% 2,004,102 294,537 1,709,565 7,739 10,318 1,691,508 92.7% 7/17/2019 TTM 6/30/2019 1,895,116 323,730 1,571,386
10 Loan Centrepointe Plaza 0 32,500,000 4/7/2019 1.44 1.43 63.1% 54.4% 9.1% 9.0% 2,542,291 676,931 1,865,361 15,005 0 1,850,355 93.0% 6/27/2019 TTM 4/30/2019 2,204,585 634,629 1,569,957
11 Loan Nostrand Place 0 29,000,000 6/24/2019 1.45 1.39 68.9% 62.8% 8.6% 8.2% 2,870,716 1,159,071 1,711,645 11,247 58,410 1,641,988 94.4% 5/13/2019 TTM 5/31/2019 2,652,339 1,165,443 1,486,896
12 Loan Chelmsford MHC 0 28,400,000 6/25/2019 1.43 1.42 64.1% 58.1% 8.1% 8.1% 2,135,490 654,556 1,480,935 12,700 0 1,468,235 98.0% 7/23/2019 TTM 5/31/2019 2,069,264 673,012 1,396,252
13 Loan Eagle Point Village Apartments 0 26,500,000 5/15/2019 1.55 1.48 65.7% 58.5% 9.1% 8.7% 2,852,112 1,264,572 1,587,540 75,000 0 1,512,540 93.3% 9/6/2019 TTM 7/31/2019 2,852,112 1,261,836 1,590,276
14 Loan The Black Building 0 23,300,000 8/15/2019 1.72 1.63 71.5% 61.8% 9.8% 9.3% 2,333,180 697,596 1,635,584 18,603 62,012 1,554,969 96.8% 8/12/2019 TTM 6/30/2019 2,006,894 613,582 1,393,312
15 Loan 10-12 Celina Avenue 0 25,500,000 5/29/2019 2.30 2.17 64.7% 64.7% 9.8% 9.2% 2,364,724 754,578 1,610,146 32,180 56,846 1,521,120 100.0% 10/1/2019 12/31/2018 2,368,402 772,318 1,596,085
16 Loan SpringHill Suites Corona Riverside 0 21,600,000 5/10/2019 1.96 1.77 69.5% 57.2% 12.5% 11.3% 4,618,594 2,735,986 1,882,608 184,744 0 1,697,864 83.9% 4/30/2019 TTM 4/30/2019 4,669,197 2,705,345 1,963,852
17 Loan Smoke Tree Village and Smoke Tree Commons 0 62,100,000 4/20/2019 1.47 1.38 57.2% 52.5% 9.1% 8.6% 6,358,693 3,123,017 3,235,675 42,185 140,618 3,052,873 85.9% 4/12/2019 TTM 3/31/2019 6,237,115 2,432,112 3,805,003
17.01 Property Smoke Tree Commons   37,864,583 4/20/2019             4,300,759 1,833,141 2,467,618 25,722 85,740 2,356,157 95.0% 4/12/2019 TTM 3/31/2019 4,231,862 1,480,893 2,750,969
17.02 Property Smoke Tree Village   24,235,417 4/20/2019             2,057,934 1,289,876 768,058 16,463 54,878 696,716 71.6% 4/12/2019 TTM 3/31/2019 2,005,253 951,219 1,054,033
18 Loan CIRE Equity Retail & Industrial Portfolio 0 198,100,000 Various 2.43 2.28 64.9% 64.9% 10.2% 9.6% 17,894,164 4,772,257 13,121,906 223,431 595,178 12,303,298 91.4% Various TTM 2/28/2019 17,561,596 4,694,815 12,866,781
18.01 Property Wood Village Town Center   31,100,000 3/30/2019             2,664,878 653,930 2,010,947 23,131 68,553 1,919,264 94.1% 5/1/2019 TTM 2/28/2019 2,801,565 663,382 2,138,183
18.02 Property Pecan Promenade   28,910,000 4/3/2019             2,958,396 929,031 2,029,365 48,023 70,743 1,910,599 88.5% 5/1/2019 TTM 2/28/2019 2,874,992 928,260 1,946,733
18.03 Property Valley Plaza   26,300,000 4/5/2019             2,472,407 547,460 1,924,947 17,152 73,113 1,834,682 95.6% 5/1/2019 TTM 2/28/2019 2,285,063 554,428 1,730,635
18.04 Property Pear Tree   24,500,000 4/3/2019             2,383,917 686,766 1,697,150 42,297 98,719 1,556,135 90.9% 5/1/2019 TTM 2/28/2019 2,608,254 701,355 1,906,899
18.05 Property Glendale Market Square   23,200,000 4/2/2019             2,454,358 648,331 1,806,027 53,940 92,954 1,659,134 92.8% 5/1/2019 TTM 2/28/2019 2,033,560 540,861 1,492,700
18.06 Property Central Park Shopping Center   21,100,000 4/8/2019             2,412,264 788,827 1,623,437 24,676 73,782 1,524,979 95.1% 5/1/2019 TTM 2/28/2019 2,305,891 795,370 1,510,521
18.07 Property Val Vista Towne Center   18,600,000 4/5/2019             1,490,329 371,215 1,119,114 14,212 46,676 1,058,226 64.3% 5/1/2019 TTM 2/28/2019 1,448,918 372,574 1,076,344
18.08 Property 2641 Hall Ave - Riverside, CA   5,489,600 4/9/2019             253,841 32,264 221,577 0 17,491 204,086 100.0% 10/1/2019 TTM 2/28/2019 249,753 32,217 217,536
18.09 Property 606 W Troy - Indianapolis, IN   4,100,000 4/5/2019             345,412 41,185 304,227 0 11,430 292,797 100.0% 10/1/2019 TTM 2/28/2019 335,563 33,151 302,412
18.10 Property Homeland - Bartow, FL   2,900,000 4/10/2019             274,362 55,215 219,147 0 33,719 185,428 100.0% 10/1/2019 TTM 2/28/2019 274,807 55,216 219,591
18.11 Property 2621 Hall Ave - Riverside, CA   2,510,400 4/9/2019             184,000 18,032 165,968 0 8,000 157,968 100.0% 10/1/2019 TTM 2/28/2019 343,230 18,003 325,227
19 Loan Courtyard by Marriott Mt. Juliet 0 21,200,000 7/25/2019 2.33 2.13 70.0% 55.5% 13.3% 12.1% 4,223,439 2,257,098 1,966,341 168,938 0 1,797,403 77.7% 6/30/2019 TTM 6/30/2019 4,221,333 2,256,094 1,965,239
20 Loan Hudson River Hotel 0 22,300,000 5/28/2019 1.64 1.50 63.6% 52.7% 10.8% 9.9% 3,404,488 1,867,768 1,536,720 136,180 0 1,400,540 88.9% 5/31/2019 TTM 5/31/2019 3,404,488 1,722,691 1,681,797
21 Loan Hampton Inn & Suites Mt. Juliet 0 20,200,000 7/24/2019 2.31 2.09 68.7% 54.7% 13.3% 12.1% 4,321,502 2,469,507 1,851,995 172,860 0 1,679,135 78.3% 6/30/2019 TTM 6/30/2019 4,322,564 2,485,132 1,837,432
22 Loan Gateway Tower 0 19,800,000 6/6/2019 2.31 2.07 69.9% 62.0% 13.3% 11.9% 3,449,198 1,611,730 1,837,468 42,646 145,448 1,649,374 87.4% 8/21/2019 TTM 7/31/2019 2,973,119 1,598,723 1,374,396
23 Loan Gatlin Retail Portfolio 0 30,950,000 Various 1.69 1.53 76.8% 60.9% 9.6% 8.7% 3,416,598 1,135,745 2,280,854 48,639 162,131 2,070,084 87.8% Various TTM 7/31/2019 2,910,849 1,024,450 1,886,399
23.01 Property The Forum at Gateways   21,750,000 7/25/2019             2,580,482 909,025 1,671,457 38,432 128,106 1,504,919 85.4% 7/31/2019 TTM 7/31/2019 2,218,835 805,002 1,413,833
23.02 Property Wilson Square Shopping Center   9,200,000 8/14/2019             836,116 226,719 609,397 10,207 34,025 565,165 96.9% 8/16/2019 TTM 7/31/2019 692,014 219,448 472,566
24 Loan Ambler Yards 0 31,730,000 3/12/2019 1.63 1.49 73.4% 63.1% 10.2% 9.3% 3,651,674 1,278,050 2,373,624 32,007 172,059 2,169,559 91.6% 4/30/2019 TTM 1/31/2019 1,423,649 1,179,514 244,135
25 Loan Blackmore Marketplace 0 34,600,000 8/1/2019 1.67 1.60 66.8% 56.3% 9.6% 9.2% 2,664,433 437,332 2,227,101 14,753 83,842 2,128,506 94.2% 7/11/2019 TTM 6/30/2019 2,284,637 435,479 1,849,158
26 Loan Maui Portfolio 0 45,100,000 Various 2.36 2.16 63.2% 56.8% 16.5% 15.1% 12,169,690 7,462,077 4,707,613 398,438 0 4,309,175 94.7% 3/31/2019 TTM 3/31/2019 Hotel, 2/28/2019 Golf 12,020,491 7,454,719 4,565,772
26.01 Property Maui Beach Hotel   29,100,000 2/1/2019             8,635,706 5,054,969 3,580,736 345,428 0 3,235,308 94.7% 3/31/2019 TTM 3/31/2019 8,486,506 5,030,840 3,455,666
26.02 Property Maui Nui Golf Course   16,000,000 1/28/2019             3,533,985 2,407,108 1,126,877 53,010 0 1,073,867 N/A N/A TTM 2/28/2019 3,533,985 2,423,879 1,110,106
27 Loan Motus Headquarters 0 18,900,000 5/23/2019 2.37 2.37 64.6% 64.6% 10.6% 10.6% 1,318,394 26,368 1,292,026 0 0 1,292,026 100.0% 10/1/2019 N/A N/A N/A N/A
28 Loan Comfort Inn & Suites - Seattle 0 17,900,000 8/16/2019 2.07 1.85 64.7% 52.6% 12.7% 11.4% 3,895,291 2,419,646 1,475,645 155,812 0 1,319,833 77.3% 7/31/2019 TTM 7/31/2019 3,870,628 2,426,314 1,444,315
29 Loan Landing at Fancher Creek 0 47,000,000 7/22/2019 1.42 1.34 67.0% 56.8% 8.3% 7.9% 4,975,573 2,347,751 2,627,822 136,612 0 2,491,210 93.5% 7/31/2019 TTM 7/31/2019 4,840,250 2,357,750 2,482,500
30 Loan The Bijou Building 0 18,100,000 7/11/2019 2.02 1.95 63.0% 63.0% 7.8% 7.5% 1,229,614 339,019 890,595 6,840 26,712 857,043 94.0% 7/31/2019 TTM 6/30/2019 1,010,325 175,103 835,222
31 Loan Howell Industrial Portfolio 0 19,000,000 Various 1.71 1.60 59.1% 48.1% 10.6% 9.9% 1,488,649 299,711 1,188,938 31,875 42,500 1,114,563 100.0% 10/1/2019 TTM 6/30/2019 856,250 58,615 797,635
31.01 Property Hatch Stamping   10,100,000 7/1/2019             770,613 148,845 621,768 15,000 20,000 586,768 100.0% 10/1/2019 TTM 6/30/2019 263,468 18,036 245,432
31.02 Property TK Holdings   8,900,000 4/30/2019             718,036 150,867 567,170 16,875 22,500 527,795 100.0% 10/1/2019 TTM 6/30/2019 592,782 40,579 552,203
32 Loan Pikeville Commons 0 15,400,000 7/2/2019 1.50 1.43 70.7% 52.4% 10.2% 9.8% 1,549,181 438,549 1,110,633 29,000 20,459 1,061,174 91.9% 6/19/2019 TTM 7/31/2019 1,639,463 460,984 1,178,479
33 Loan Courtyard by Marriott Secaucus 0 25,500,000 8/1/2019 2.37 1.96 58.8% 42.8% 15.4% 12.7% 8,024,714 5,712,452 2,312,262 401,236 0 1,911,026 75.5% 7/31/2019 TTM 7/31/2019 7,937,743 5,562,901 2,374,842
34 Loan Meidinger Tower 0 41,000,000 4/26/2019 1.66 1.53 68.3% 61.2% 10.1% 9.3% 5,873,378 3,036,161 2,837,217 66,211 159,173 2,611,833 88.1% 4/30/2019 TTM 5/31/2019 6,068,223 2,938,561 3,129,662
35 Loan The Cliffs at Waterford 0 13,800,000 7/25/2019 2.44 2.34 62.7% 62.7% 9.6% 9.2% 1,595,301 763,742 831,559 36,000 0 795,559 92.4% 9/3/2019 TTM 7/31/2019 1,577,035 760,546 816,489
36 Loan Staybridge Suites Benton Harbor 0 13,000,000 6/10/2019 2.13 1.92 65.3% 52.9% 13.0% 11.7% 2,744,491 1,643,932 1,100,560 109,780 0 990,780 69.7% 7/31/2019 TTM 7/31/2019 2,744,491 1,593,614 1,150,878
37 Loan Home2 Suites Cartersville 0 14,300,000 6/11/2019 2.65 2.43 59.3% 48.0% 16.1% 14.8% 2,912,305 1,545,014 1,367,291 116,492 0 1,250,799 84.9% 5/31/2019 TTM 5/31/2019 2,912,305 1,485,308 1,426,996

 

A-1-7 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Grace Period at Maturity Default Appraised Value(4) Appraisal Date(4) U/W NOI DSCR(3) U/W NCF DSCR(3) Cut-off Date LTV Ratio(3)(4) LTV Ratio at Maturity or ARD(3)(4) U/W NOI Debt Yield(3) U/W NCF Debt Yield(3) U/W EGI U/W Expenses U/W NOI U/W Replacement U/W TI/LC U/W NCF Occupancy Rate Occupancy as-of Date Most Recent Operating Statement Date(21) Most Recent EGI Most Recent Expenses Most Recent NOI
38 Loan Corporate Place 0 17,700,000 6/27/2019 3.11 2.96 46.6% 46.6% 11.1% 10.5% 1,127,183 213,585 913,598 8,661 34,645 870,292 100.0% 6/30/2019 TTM 6/30/2019 1,038,329 208,809 829,520
39 Loan New Hampshire Self Storage Portfolio 0 14,420,000 6/27/2019 1.97 1.92 57.2% 57.2% 9.0% 8.8% 1,372,593 632,879 739,714 17,306 0 722,409 86.7% 6/30/2019 TTM 6/30/2019 1,298,230 660,558 637,672
39.01 Property Seacoast Self Storage   7,800,000 6/27/2019             704,991 286,631 418,360 8,729 0 409,632 86.5% 6/30/2019 TTM 6/30/2019 657,843 297,731 360,112
39.02 Property Derry Self Storage   6,620,000 6/27/2019             667,602 346,248 321,354 8,577 0 312,777 86.9% 6/30/2019 TTM 6/30/2019 640,387 362,827 277,560
40 Loan Springhill Suites Auburn Hills 0 12,000,000 7/1/2019 2.13 1.88 68.6% 55.2% 12.7% 11.2% 3,105,343 2,060,638 1,044,705 124,214 0 920,491 74.5% 6/30/2019 TTM 6/30/2019 3,105,343 2,070,437 1,034,906
41 Loan San Antonio Hotel Portfolio 0 12,500,000 Various 2.24 1.97 57.2% 44.5% 15.0% 13.1% 3,245,544 2,175,551 1,069,993 129,822 0 940,171 78.9% 7/31/2019 TTM 7/31/2019 3,243,831 2,162,868 1,080,963
41.01 Property La Quinta San Antonio   6,800,000 1/21/2019             1,681,130 1,170,481 510,648 67,245 0 443,403 78.6% 7/31/2019 TTM 7/31/2019 1,680,512 1,164,275 516,237
41.02 Property Best Western Elmendorf   5,700,000 2/21/2019             1,564,414 1,005,070 559,345 62,577 0 496,768 79.2% 7/31/2019 TTM 7/31/2019 1,563,319 998,593 564,726
42 Loan Best Western El Grande Inn 0 11,100,000 8/1/2019 2.84 2.57 64.0% 51.3% 16.7% 15.2% 2,824,489 1,635,372 1,189,117 112,980 0 1,076,137 71.4% 4/30/2019 TTM 4/30/2019 2,824,374 1,715,925 1,108,449
43 Loan MainStay Suites Grantville Hershey 0 10,900,000 6/12/2019 2.02 1.86 64.1% 52.3% 12.6% 11.6% 1,808,479 927,526 880,953 72,339 0 808,614 73.6% 5/31/2019 TTM 5/31/2019 1,808,479 905,122 903,357
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs 0 10,100,000 6/18/2019 2.30 2.07 69.1% 56.0% 14.0% 12.6% 2,399,459 1,422,188 977,271 95,978 0 881,292 81.4% 6/30/2019 TTM 6/30/2019 2,399,459 1,458,023 941,436
45 Loan Indian Lake West Plaza 0 9,900,000 6/5/2019 1.55 1.48 65.7% 54.6% 9.5% 9.0% 769,163 154,853 614,311 6,199 22,538 585,574 86.3% 9/11/2019 TTM 5/31/2019 1,414,475 297,941 1,116,534
46 Loan El Segundo Plaza 0 14,100,000 5/18/2019 2.09 1.98 44.9% 32.2% 13.0% 12.4% 1,040,203 215,848 824,356 3,603 39,588 781,165 100.0% 6/27/2019 TTM 4/30/2019 1,030,100 213,994 816,106
47 Loan Hampton Inn Belton 0 9,600,000 5/15/2019 1.99 1.76 63.9% 52.7% 12.8% 11.4% 2,231,774 1,444,298 787,476 89,271 0 698,206 75.6% 5/31/2019 TTM 5/31/2019 2,249,628 1,421,182 828,446
48 Loan 87 East 4th Street 0 9,600,000 6/28/2019 1.44 1.43 63.5% 63.5% 6.8% 6.7% 493,749 78,640 415,109 2,250 1,669 411,190 100.0% 10/1/2019 TTM 7/31/2019 272,433 70,985 201,448
49 Loan Norman’s Crossing 0 8,675,000 7/7/2019 2.06 2.00 59.4% 59.4% 9.0% 8.7% 522,644 59,059 463,584 1,552 12,398 449,634 100.0% 9/12/2019 N/A N/A N/A N/A
50 Loan Windsor Park Apartments 0 7,200,000 5/10/2019 1.61 1.54 69.4% 63.5% 9.7% 9.3% 732,872 249,569 483,303 20,000 0 463,303 97.5% 5/22/2019 Ann. T-6 6/30/2019 712,720 277,248 435,472
51 Loan Walgreens Douglasville 0 6,650,000 8/1/2019 1.86 1.84 69.9% 69.9% 8.4% 8.4% 404,005 12,120 391,885 2,687 0 389,198 100.0% 10/1/2019 N/A N/A N/A N/A
52 Loan Northern Hills Shopping Center 0 6,200,000 6/25/2019 1.65 1.57 73.5% 62.7% 10.0% 9.5% 690,490 235,781 454,709 2,975 19,834 431,901 100.0% 7/1/2019 TTM 5/31/2019 481,425 219,460 261,965
53 Loan Webb’s Plaza 0 7,700,000 7/18/2019 2.21 2.08 58.7% 46.7% 12.7% 11.9% 880,295 306,503 573,793 9,351 25,000 539,442 100.0% 8/1/2019 TTM 6/30/2019 873,351 299,763 573,588
54 Loan Walgreens Tupelo 0 6,400,000 8/5/2019 1.86 1.85 69.5% 69.5% 8.5% 8.4% 388,000 11,640 376,360 2,938 0 373,422 100.0% 10/1/2019 N/A N/A N/A N/A
55 Loan Best Western Plus - Newport News 0 7,400,000 7/8/2019 1.95 1.78 59.4% 44.1% 13.3% 12.2% 1,278,378 692,729 585,649 51,135 0 534,514 65.0% 7/31/2019 TTM 7/31/2019 1,278,378 679,209 599,169
56 Loan Nut Tree 1670 0 7,100,000 6/18/2019 1.59 1.56 60.6% 51.1% 9.2% 9.0% 548,340 153,729 394,611 1,055 4,796 388,760 100.0% 6/30/2019 TTM 6/30/2019 499,776 177,772 322,004
57 Loan Parkway Village West 0 6,975,000 7/23/2019 2.31 2.05 60.6% 51.6% 13.8% 12.3% 898,184 315,441 582,743 22,128 41,597 519,018 78.6% 8/1/2019 TTM 6/30/2019 979,081 371,803 607,278
58 Loan Walgreens Lexington 0 5,800,000 8/5/2019 1.85 1.84 69.8% 69.8% 8.4% 8.3% 351,140 10,534 340,606 2,964 0 337,642 100.0% 10/1/2019 N/A N/A N/A N/A
59 Loan Military Plaza 0 7,400,000 6/17/2019 2.65 2.10 50.7% 46.1% 15.4% 12.2% 832,900 256,168 576,732 15,697 104,644 456,392 97.1% 7/23/2019 TTM 5/31/2019 675,193 289,833 385,360
60 Loan Ashgrove Apartments 0 5,100,000 7/3/2019 1.79 1.66 68.1% 55.6% 11.2% 10.4% 792,466 403,248 389,219 27,600 0 361,619 93.5% 8/14/2019 TTM 7/31/2019 763,953 389,705 374,248
61 Loan Eagle Springs Professional Center 0 4,900,000 6/21/2019 1.76 1.58 68.4% 59.6% 10.4% 9.4% 538,721 189,393 349,329 5,178 29,776 314,374 89.1% 6/6/2019 TTM 5/31/2019 532,686 191,465 341,221
62 Loan Safe and Sound Storage 0 4,390,000 6/23/2019 1.68 1.64 59.0% 43.5% 11.3% 11.0% 418,404 126,755 291,649 7,402 0 284,247 87.9% 7/22/2019 TTM 6/30/2019 386,572 120,096 266,476
63 Loan Twin Oaks Apartments 0 3,800,000 6/26/2019 2.01 1.90 66.2% 53.4% 12.1% 11.5% 529,331 224,929 304,402 16,000 0 288,402 93.3% 8/1/2019 TTM 6/30/2019 535,769 236,746 299,023
64 Loan Cavalier Manor Apartments 0 3,720,000 7/29/2019 1.86 1.75 66.5% 53.8% 11.3% 10.6% 604,858 325,397 279,461 16,500 0 262,961 98.5% 9/9/2019 TTM 7/31/2019 553,403 349,661 203,741
65 Loan Ludington Retail Center 0 3,400,000 6/21/2019 2.42 2.20 69.8% 56.9% 15.1% 13.7% 492,559 135,156 357,403 12,961 19,118 325,324 94.6% 8/2/2019 TTM 6/30/2019 484,809 146,041 338,769
66 Loan Dollar General  Fayette 0 1,530,000 4/6/2019 1.80 1.77 70.0% 70.0% 9.0% 8.9% 99,581 2,987 96,593 1,585 0 95,009 100.0% 10/1/2019 N/A N/A N/A N/A
67 Loan FedEx Muncie 0 1,600,000 6/12/2019 1.52 1.40 59.4% 43.7% 10.3% 9.5% 108,369 10,940 97,429 2,081 5,500 89,848 100.0% 10/6/2019 Ann. T-6 6/30/2019 111,731 11,018 100,713
68 Loan Dollar General Centralia 0 1,330,000 2/23/2019 1.64 1.62 70.0% 70.0% 9.0% 8.9% 86,735 2,602 84,133 1,350 0 82,783 100.0% 10/1/2019 N/A N/A N/A N/A
69 Loan Dollar General Hubbard Lake 0 1,290,000 5/10/2019 1.80 1.77 70.0% 70.0% 9.0% 8.9% 83,816 2,514 81,301 1,354 0 79,947 100.0% 10/1/2019 N/A N/A N/A N/A
70 Loan Dollar General Trenton 0 1,250,000 1/15/2019 1.59 1.57 70.0% 70.0% 9.0% 8.9% 81,396 2,442 78,954 1,365 0 77,589 100.0% 10/1/2019 N/A N/A N/A N/A

 

A-1-8 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Second Most Recent Operating Statement Date Second Most Recent EGI Second Most Recent Expenses Second Most Recent NOI Third Most Recent Operating Statement Date Third Most Recent EGI Third Most Recent Expenses Third Most Recent NOI Largest Tenant Name(7)(8)(9)(10)(11) Largest Tenant Sq. Ft. Largest Tenant % of NRA Largest Tenant Exp. Date(2) Second Largest Tenant Name(7)(9)(11)
1 Loan Grand Canal Shoppes 12/31/2018 103,110,653 31,784,180 71,326,473 12/31/2017 107,586,327 33,160,381 74,425,947 Venetian Casino Resort 42,185 5.6% 34,088 SF (7/31/2025); 8,096 SF (9/30/2033); 1 SF (12/31/2019) The Venetian Resort (Showroom / Theater)
2 Loan Phoenix Industrial Portfolio II 12/31/2018 8,923,998 1,963,475 6,960,523 N/A N/A N/A N/A Various Various N/A Various Various
2.01 Property Flint 12/31/2018 2,117,520 149,611 1,967,909 N/A N/A N/A N/A Android Industries 460,000 100.0% 6/30/2025 N/A
2.02 Property Beloit 12/31/2018 2,390,751 873,271 1,517,480 N/A N/A N/A N/A Bay Valley Foods 140,947 34.1% 5/31/2020 Axium Foods, Inc.
2.03 Property Jefferson 12/31/2018 1,660,104 309,029 1,351,075 N/A N/A N/A N/A Generac Power Systems, Inc. 591,840 100.0% 11/30/2023 N/A
2.04 Property DuBois 12/31/2018 1,694,700 260,983 1,433,717 N/A N/A N/A N/A DuBois Logistics, LLC 612,800 100.0% 2/28/2025 N/A
2.05 Property Huntsville 12/31/2018 1,060,923 370,581 690,342 N/A N/A N/A N/A Boneal Aerospace, Inc. 124,630 39.9% 3/31/2022 Intercept Industries, Ltd.
3 Loan 600 & 620 National Avenue N/A N/A N/A N/A N/A N/A N/A N/A Google 151,064 100.0% 5/31/2029 N/A
4 Loan Phoenix Industrial Portfolio I 12/31/2018 4,477,404 798,932 3,678,472 12/31/2017 4,413,617 852,447 3,561,170 Various Various N/A Various Various
4.01 Property Emerson 12/31/2018 2,065,659 358,793 1,706,866 12/31/2017 2,048,850 372,062 1,676,788 Vilter Manufacturing LLC 435,695 100.0% 7/31/2027 N/A
4.02 Property St Francis 12/31/2018 1,520,469 291,085 1,229,384 12/31/2017 1,612,792 295,048 1,317,744 Nova Wildcat Shur-Line LLC 300,230 75.2% 11/30/2026 Manesis 3 PL LLC
4.03 Property Delta 12/31/2018 891,276 149,054 742,222 12/31/2017 751,975 185,337 566,638 Delta Faucet Company 346,887 100.0% 2/28/2022 N/A
5 Loan 10000 Santa Monica Boulevard 12/31/2018 39,378,213 19,905,778 19,472,435 12/31/2017 18,246,774 15,684,622 2,562,152 N/A N/A N/A N/A N/A
6 Loan Global Data Center 12/31/2018 3,772,914 563,558 3,209,356 N/A N/A N/A N/A Flexential Corp. 203,702 100.0% 11/30/2030 N/A
7 Loan Waramaug Florida Hotel Portfolio 12/31/2018 8,316,831 4,966,256 3,350,575 12/31/2017 8,068,906 4,916,626 3,152,280 N/A N/A N/A N/A N/A
7.01 Property Residence Inn – Port St. Lucie 12/31/2018 4,859,985 2,777,941 2,082,044 12/31/2017 4,734,063 2,756,576 1,977,487 N/A N/A N/A N/A N/A
7.02 Property Springhill Suites – Tallahassee Central 12/31/2018 3,456,846 2,188,315 1,268,531 12/31/2017 3,334,843 2,160,050 1,174,793 N/A N/A N/A N/A N/A
8 Loan The Chantilly Office Portfolio 12/31/2018 10,966,136 4,486,782 6,479,354 12/31/2017 11,563,821 4,532,245 7,031,577 Various Various N/A Various Various
8.01 Property Stoneleigh I N/A N/A N/A N/A N/A N/A N/A N/A AECOM Management Services, Inc. 62,836 57.3% 50,066 SF (9/3/2020); 12,770 SF (10/31/2021) The Teaching Company, LLC
8.02 Property Stoneleigh II N/A N/A N/A N/A N/A N/A N/A N/A The Teaching Company, LLC 44,434 41.7% 6/30/2021 Community Management Corporation
8.03 Property Glenview II N/A N/A N/A N/A N/A N/A N/A N/A Aetna Life Insurance 29,180 37.7% 12/31/2022 Redfin
8.04 Property Glenview I N/A N/A N/A N/A N/A N/A N/A N/A WEX, Inc. 32,342 42.1% 12/31/2022 Tetra Tech, Inc.
8.05 Property Glenbrook III N/A N/A N/A N/A N/A N/A N/A N/A General Dynamics Information Technology, Inc. 20,627 35.1% 12/31/2020 The Door and Hardware Institute
9 Loan Fresenius Salt Lake N/A N/A N/A N/A N/A N/A N/A N/A Wasatch Artificial Kidney 13,640 26.4% 3/31/2033 FMC-Nephrology Associates
10 Loan Centrepointe Plaza 12/31/2018 2,187,164 632,218 1,554,946 12/31/2017 2,241,920 575,751 1,666,169 Ross Dress For Less 30,187 26.2% 1/31/2022 99 Cents Only Stores
11 Loan Nostrand Place 12/31/2018 2,755,152 1,211,727 1,543,425 12/31/2017 2,553,443 1,207,973 1,345,470 Silver Star 8,974 12.8% 5/31/2037 Aurora Energy Advisors LLC
12 Loan Chelmsford MHC 12/31/2018 2,050,656 666,986 1,383,670 12/31/2017 2,004,355 665,077 1,339,278 N/A N/A N/A N/A N/A
13 Loan Eagle Point Village Apartments 12/31/2018 2,767,343 1,234,908 1,532,435 12/31/2017 2,446,589 1,193,658 1,252,931 N/A N/A N/A N/A N/A
14 Loan The Black Building 12/31/2018 1,617,920 612,934 1,004,986 12/31/2017 1,651,547 529,816 1,121,731 Verdure 76,241 61.5% 6/30/2034 Coldwell Banker
15 Loan 10-12 Celina Avenue 12/31/2017 2,362,585 828,972 1,533,613 12/31/2016 2,283,630 650,062 1,633,568 United States Postal Service 321,800 100.0% 2/29/2028 N/A
16 Loan SpringHill Suites Corona Riverside 12/31/2018 4,667,885 2,703,109 1,964,776 12/31/2017 4,365,505 2,563,827 1,801,678 N/A N/A N/A N/A N/A
17 Loan Smoke Tree Village and Smoke Tree Commons 12/31/2018 6,267,547 2,768,637 3,498,910 12/31/2017 5,839,040 2,839,084 2,999,956 Various Various N/A Various Various
17.01 Property Smoke Tree Commons 12/31/2018 4,214,192 1,781,530 2,432,662 12/31/2017 4,186,829 1,758,125 2,428,703 TJ Maxx 28,567 16.7% 3/31/2024 Jensen’s Finest Foods
17.02 Property Smoke Tree Village 12/31/2018 2,053,355 987,107 1,066,247 12/31/2017 1,652,211 1,080,958 571,253 Ralphs Fresh Fare 39,780 36.2% 12/31/2027 Union Oil
18 Loan CIRE Equity Retail & Industrial Portfolio 12/31/2018 17,277,730 4,616,971 12,660,759 12/31/2017 14,622,381 4,060,487 10,561,894 Various Various N/A Various Various
18.01 Property Wood Village Town Center 12/31/2018 2,452,348 584,313 1,868,035 N/A N/A N/A N/A Kohl’s Department Stores 87,501 63.8% 1/31/2027 Theresa’s Pet
18.02 Property Pecan Promenade 12/31/2018 2,889,453 941,721 1,947,732 12/31/2017 2,854,118 963,259 1,890,858 Ross Stores 30,187 21.3% 1/31/2022 LA Fitness
18.03 Property Valley Plaza 12/31/2018 2,299,616 551,143 1,748,473 12/31/2017 2,231,849 524,561 1,707,288 US Foods 60,145 41.1% 3/31/2024 Ross Stores
18.04 Property Pear Tree 12/31/2018 2,603,067 705,998 1,897,070 12/31/2017 2,156,706 619,411 1,537,295 JC Penney 51,395 26.0% 2/28/2024 Lucky’s (SaveMart)
18.05 Property Glendale Market Square 12/31/2018 2,119,604 553,160 1,566,444 12/31/2017 2,574,463 746,001 1,828,462 Floor & Décor 75,000 40.3% 4/30/2028 Linda Home Furnishings
18.06 Property Central Park Shopping Center 12/31/2018 2,332,463 767,722 1,564,741 12/31/2017 2,183,914 717,680 1,466,234 Big Lots 32,153 21.8% 1/31/2023 ARC Thrift Store
18.07 Property Val Vista Towne Center 12/31/2018 1,437,803 384,336 1,053,467 12/31/2017 1,474,944 381,471 1,093,473 Ross Stores 25,126 26.9% 1/31/2022 Petco
18.08 Property 2641 Hall Ave - Riverside, CA 12/31/2018 226,729 22,209 204,520 12/31/2017 234,120 21,417 212,703  48 Forty Solutions 34,982 100.0% 5/31/2023 N/A
18.09 Property 606 W Troy - Indianapolis, IN 12/31/2018 312,765 33,151 279,614 12/31/2017 313,848 21,676 292,172  48 Forty Solutions 22,860 100.0% 4/30/2024 N/A
18.10 Property Homeland - Bartow, FL 12/31/2018 273,790 55,216 218,574 12/31/2017 265,962 53,050 212,912  48 Forty Solutions 67,438 100.0% 6/30/2025 N/A
18.11 Property 2621 Hall Ave - Riverside, CA 12/31/2018 330,092 18,003 312,089 12/31/2017 332,458 11,960 320,498  48 Forty Solutions 16,000 100.0% 5/31/2023 N/A
19 Loan Courtyard by Marriott Mt. Juliet 12/31/2018 4,366,980 2,301,924 2,065,056 12/31/2017 4,264,952 2,330,894 1,934,058 N/A N/A N/A N/A N/A
20 Loan Hudson River Hotel 12/31/2018 3,402,432 1,640,505 1,761,927 12/31/2017 3,360,948 1,655,066 1,705,881 N/A N/A N/A N/A N/A
21 Loan Hampton Inn & Suites Mt. Juliet 12/31/2018 4,276,640 2,492,464 1,784,176 12/31/2017 4,806,330 2,543,530 2,262,800 N/A N/A N/A N/A N/A
22 Loan Gateway Tower 12/31/2018 2,957,344 1,628,855 1,328,489 12/31/2017 3,219,329 1,575,335 1,643,994 KMOV-TV, Inc. 51,535 24.2% 12/31/2027 (50,460 SF); 12/1/2027 (1,075 SF) Crawford, Murphy & Tilly, Inc.
23 Loan Gatlin Retail Portfolio 12/31/2018 3,114,135 1,137,799 1,976,336 12/31/2017 3,259,232 1,145,571 2,113,661 Walmart 170,215 52.5% Various Various
23.01 Property The Forum at Gateways 12/31/2018 2,434,733 940,975 1,493,758 12/31/2017 2,506,986 905,901 1,601,085 Walmart 129,615 50.6% 1/26/2024 LA Fitness
23.02 Property Wilson Square Shopping Center 12/31/2018 679,402 196,824 482,578 12/31/2017 752,246 239,670 512,576 Walmart 40,600 59.7% 11/6/2029 Blink Fitness
24 Loan Ambler Yards 12/31/2018 1,303,282 1,203,244 100,037 12/31/2017 973,167 721,640 251,527 MPD Chemicals, LLC 37,680 15.3% 2/28/2034 Monarch Storage & Warehouse
25 Loan Blackmore Marketplace 12/31/2018 2,468,031 530,777 1,937,254 12/31/2017 2,204,211 473,922 1,730,290 Kohl’s 55,882 34.1% 1/31/2032 Marshalls
26 Loan Maui Portfolio 12/31/2018 11,955,700 7,549,266 4,406,434 12/31/2017 10,797,961 7,043,060 3,754,901 N/A N/A N/A N/A N/A
26.01 Property Maui Beach Hotel 12/31/2018 8,382,202 5,118,328 3,263,874 12/31/2017 7,372,738 4,717,527 2,655,211 N/A N/A N/A N/A N/A
26.02 Property Maui Nui Golf Course 12/31/2018 3,573,498 2,430,938 1,142,560 12/31/2017 3,425,223 2,325,533 1,099,690 N/A N/A N/A N/A N/A
27 Loan Motus Headquarters N/A N/A N/A N/A N/A N/A N/A N/A Motus LLC 320,333 100.0% 6/30/2039 N/A
28 Loan Comfort Inn & Suites - Seattle 12/31/2018 3,573,817 2,592,651 981,166 12/31/2017 3,659,697 2,684,295 975,401 N/A N/A N/A N/A N/A
29 Loan Landing at Fancher Creek 12/31/2018 4,185,473 2,257,196 1,928,278 12/31/2017 3,730,204 2,189,341 1,540,863 N/A N/A N/A N/A N/A
30 Loan The Bijou Building 12/31/2018 990,103 135,025 855,078 12/31/2017 726,369 141,241 585,128 Chase Bank 7,167 31.4% 9/30/2022 Clothing Shop Online
31 Loan Howell Industrial Portfolio 12/31/2018 809,375 51,430 757,945 12/31/2017 715,625 53,339 662,286 Various Various N/A Various N/A
31.01 Property Hatch Stamping 12/31/2018 249,045 15,825 233,220 12/31/2017 220,198 16,412 203,786 Hatch Stamping Company, LLC 100,000 100.0% 4/30/2029 N/A
31.02 Property TK Holdings 12/31/2018 560,330 35,605 524,725 12/31/2017 495,427 36,927 458,500 TK Services Inc. 112,500 100.0% 4/30/2024 N/A
32 Loan Pikeville Commons TTM 7/31/2019 1,456,028 460,984 995,044 12/31/2018 1,335,789 387,118 948,672 United States Postal Service 10,550 8.7% 6/27/2024 Wildcat Warehouse
33 Loan Courtyard by Marriott Secaucus 12/31/2018 7,972,595 5,558,617 2,413,978 12/31/2017 8,194,378 5,582,753 2,611,625 N/A N/A N/A N/A N/A
34 Loan Meidinger Tower 12/31/2018 6,007,958 3,000,561 3,007,397 12/31/2017 5,117,403 2,702,804 2,414,599 Computershare, Inc. 112,319 33.9% 10/31/2023 Mountjoy Chilton Medley, LLP
35 Loan The Cliffs at Waterford 12/31/2018 1,529,624 775,843 753,780 12/31/2017 1,448,284 738,929 709,355 N/A N/A N/A N/A N/A
36 Loan Staybridge Suites Benton Harbor 12/31/2018 2,463,653 1,471,944 991,709 N/A N/A N/A N/A N/A N/A N/A N/A N/A
37 Loan Home2 Suites Cartersville 12/31/2018 2,858,549 1,487,031 1,371,519 12/31/2017 2,692,765 1,487,321 1,205,444 N/A N/A N/A N/A N/A

 

A-1-9 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Second Most Recent Operating Statement Date Second Most Recent EGI Second Most Recent Expenses Second Most Recent NOI Third Most Recent Operating Statement Date Third Most Recent EGI Third Most Recent Expenses Third Most Recent NOI Largest Tenant Name(7)(8)(9)(10)(11) Largest Tenant Sq. Ft. Largest Tenant % of NRA Largest Tenant Exp. Date(2) Second Largest Tenant Name(7)(9)(11)
38 Loan Corporate Place 12/31/2018 1,007,773 206,263 801,510 12/31/2017 898,792 206,355 692,437 Lyrical Foods 36,395 42.0% 12/31/2022 Magico
39 Loan New Hampshire Self Storage Portfolio 12/31/2018 1,097,965 682,460 415,505 12/31/2017 379,832 435,619 -55,787 N/A N/A N/A N/A N/A
39.01 Property Seacoast Self Storage 12/31/2018 527,103 321,631 205,472 12/31/2017 43,647 85,687 -42,040 N/A N/A N/A N/A N/A
39.02 Property Derry Self Storage 12/31/2018 570,862 360,829 210,033 12/31/2017 336,185 349,932 -13,747 N/A N/A N/A N/A N/A
40 Loan Springhill Suites Auburn Hills 12/31/2018 3,087,344 2,091,649 995,695 12/31/2017 2,998,947 1,980,501 1,018,446 N/A N/A N/A N/A N/A
41 Loan San Antonio Hotel Portfolio 12/31/2018 3,101,240 2,066,565 1,034,675 12/31/2017 2,736,738 1,969,211 767,527 N/A N/A N/A N/A N/A
41.01 Property La Quinta San Antonio 12/31/2018 1,683,716 1,140,713 543,003 12/31/2017 1,514,194 1,072,405 441,789 N/A N/A N/A N/A N/A
41.02 Property Best Western Elmendorf 12/31/2018 1,417,524 925,852 491,672 12/31/2017 1,222,544 896,806 325,738 N/A N/A N/A N/A N/A
42 Loan Best Western El Grande Inn 12/31/2018 2,749,821 1,701,353 1,048,468 12/31/2017 2,335,274 1,610,057 725,217 N/A N/A N/A N/A N/A
43 Loan MainStay Suites Grantville Hershey 12/31/2018 1,865,385 946,739 918,646 12/31/2017 1,782,281 927,695 854,587 N/A N/A N/A N/A N/A
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs 12/31/2018 2,332,748 1,429,954 902,794 12/31/2017 1,711,719 1,141,426 570,293 N/A N/A N/A N/A N/A
45 Loan Indian Lake West Plaza 12/31/2018 1,388,558 294,359 1,094,199 12/31/2017 1,353,854 275,399 1,078,455 Tuesday Morning 10,090 24.4% 12/31/2025 Nest Décor
46 Loan El Segundo Plaza 12/31/2018 1,015,915 205,318 810,597 12/31/2017 0 0 0 CVB Financial Corp., dba Citizens Business Bank 5,620 23.4% 5/31/2027 Soul Sauce Cantina, LLC, dba Sausal
47 Loan Hampton Inn Belton 12/31/2018 2,281,670 1,443,463 838,208 12/31/2017 2,304,073 1,457,271 846,802 N/A N/A N/A N/A N/A
48 Loan 87 East 4th Street N/A N/A N/A N/A N/A N/A N/A N/A Sentio - Matthew Kenney 1,669 28.7% 9/24/2033 N/A
49 Loan Norman’s Crossing N/A N/A N/A N/A N/A N/A N/A N/A First Watch Restaurant 3,400 59.1% 5/31/2029 Noire the Nail Bar
50 Loan Windsor Park Apartments T11 11/30/2018 712,947 299,243 413,703 T11 7/31/2018 661,617 325,075 336,542 N/A N/A N/A N/A N/A
51 Loan Walgreens Douglasville N/A N/A N/A N/A N/A N/A N/A N/A Walgreens 13,434 100.0% 10/31/2033 N/A
52 Loan Northern Hills Shopping Center 12/31/2018 387,189 212,638 174,551 N/A N/A N/A N/A Longhorn Café 6,000 30.3% 11/30/2027 Laundrey Rey’s
53 Loan Webb’s Plaza 12/31/2018 870,365 283,588 586,777 12/31/2017 804,143 284,794 519,349 The Kidz Club 12,137 19.5% 4/30/2021 Family Dollar
54 Loan Walgreens Tupelo N/A N/A N/A N/A N/A N/A N/A N/A Walgreens 14,691 100.0% 1/31/2033 N/A
55 Loan Best Western Plus - Newport News 12/31/2018 1,244,440 670,847 573,593 12/31/2017 1,161,754 641,550 520,204 N/A N/A N/A N/A N/A
56 Loan Nut Tree 1670 12/31/2018 412,466 137,727 274,739 N/A N/A N/A N/A Comcast/Xfinity 4,846 50.5% 11/30/2024 Noah’s Bagels
57 Loan Parkway Village West 12/31/2018 1,017,956 364,018 653,938 12/31/2017 942,258 336,985 605,272 Superlo Foods 29,761 20.2% 9/30/2024 Dollar General
58 Loan Walgreens Lexington N/A N/A N/A N/A N/A N/A N/A N/A Walgreens 14,820 100.0% 10/31/2034 N/A
59 Loan Military Plaza 12/31/2018 660,621 212,062 448,559 12/31/2017 537,965 187,139 350,825 Urban Air 34,512 33.0% 2/28/2026 Big Lots
60 Loan Ashgrove Apartments 12/31/2018 740,727 411,890 328,837 12/31/2017 654,009 414,096 239,913 N/A N/A N/A N/A N/A
61 Loan Eagle Springs Professional Center 12/31/2018 518,820 183,957 334,863 12/31/2017 513,613 190,852 322,761 Vision Source 3,490 13.5% 5/31/2024 Theraworks, Inc.
62 Loan Safe and Sound Storage 12/31/2018 359,474 116,902 242,572 12/31/2017 384,822 105,310 279,512 N/A N/A N/A N/A N/A
63 Loan Twin Oaks Apartments 12/31/2018 529,994 227,788 302,206 N/A N/A N/A N/A N/A N/A N/A N/A N/A
64 Loan Cavalier Manor Apartments 12/31/2018 582,392 351,964 230,428 12/31/2017 544,125 297,693 246,432 N/A N/A N/A N/A N/A
65 Loan Ludington Retail Center 12/31/2018 408,388 160,644 247,744 12/31/2017 393,312 122,907 270,405 Peebles 15,504 20.0% 1/31/2023 Harbor Freight Tools
66 Loan Dollar General  Fayette N/A N/A N/A N/A N/A N/A N/A N/A Dollar General 10,566 100.0% 1/27/2034 N/A
67 Loan FedEx Muncie 12/31/2018 107,037 10,809 96,228 12/31/2017 107,188 10,812 96,377 Federal Express Corporation 13,875 100.0% 9/14/2028 N/A
68 Loan Dollar General Centralia N/A N/A N/A N/A N/A N/A N/A N/A Dollar General 9,002 100.0% 2/28/2034 N/A
69 Loan Dollar General Hubbard Lake N/A N/A N/A N/A N/A N/A N/A N/A Dollar General 9,026 100.0% 5/7/2034 N/A
70 Loan Dollar General Trenton N/A N/A N/A N/A N/A N/A N/A N/A Dollar General 9,100 100.0% 12/31/2033 N/A

 

A-1-10 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Second Largest Tenant Sq. Ft. Second Largest Tenant % of NRA Second Largest Tenant Exp. Date(2) Third Largest Tenant Name(8)(9)(11)(22) Third Largest Tenant Sq. Ft. Third Largest Tenant % of NRA Third Largest Tenant Exp. Date(2) Fourth Largest Tenant Name(9)(11) Fourth Largest Tenant Sq. Ft. Fourth Largest Tenant % of NRA Fourth Largest Tenant Exp. Date(2)
1 Loan Grand Canal Shoppes 38,920 5.1% 5/31/2029 Madame Tussaud Las Vegas 28,235 3.7% 28,000 SF (7/31/2024); 235 SF (12/31/2019) Regis Galerie 28,099 3.7% 15,039 SF (5/31/2025); 8,406 SF (12/31/2020); 4,654 SF (2/29/2020)
2 Loan Phoenix Industrial Portfolio II Various N/A Various Various Various N/A Various Various Various N/A Various
2.01 Property Flint N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
2.02 Property Beloit 99,670 24.1% 8/31/2020 Foal, LLC 18,511 4.5% 1/31/2020 SSB Manufacturing Company 18,175 4.4% 11/30/2021
2.03 Property Jefferson N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
2.04 Property DuBois N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
2.05 Property Huntsville 104,825 33.6% 1/31/2021 Custom Assembly, Inc 70,000 22.4% 11/30/2019 N/A N/A N/A N/A
3 Loan 600 & 620 National Avenue N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
4 Loan Phoenix Industrial Portfolio I Various N/A Various N/A N/A N/A N/A N/A N/A N/A N/A
4.01 Property Emerson N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
4.02 Property St Francis 98,757 24.8% 4/30/2021 N/A N/A N/A N/A N/A N/A N/A N/A
4.03 Property Delta N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
5 Loan 10000 Santa Monica Boulevard N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
6 Loan Global Data Center N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
7 Loan Waramaug Florida Hotel Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
7.01 Property Residence Inn – Port St. Lucie N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
7.02 Property Springhill Suites – Tallahassee Central N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
8 Loan The Chantilly Office Portfolio Various N/A Various Various Various N/A Various Various Various N/A Various
8.01 Property Stoneleigh I 5,095 4.6% 6/30/2021 N/A N/A N/A N/A N/A N/A N/A N/A
8.02 Property Stoneleigh II 31,556 29.6% 7/31/2021 Johnston McLamb CASE Solutions, Inc. 27,194 25.5% 1/14/2024 AECOM Management Services, Inc. 3,363 3.2% 11/30/2022
8.03 Property Glenview II 20,358 26.3% 11/30/2024 National Datacare Corporation 12,805 16.5% 10/31/2020 Omniplex World Services 4,370 5.6% 2/29/2020
8.04 Property Glenview I 20,020 26.1% 12/31/2024 General Dynamics Information Technology, Inc. 20,000 26.1% 1/31/2021 N/A N/A N/A N/A
8.05 Property Glenbrook III 10,701 18.2% 9/30/2019 America’s Charities 7,951 13.5% 12/31/2021 First American Title 5,856 10.0% 1/31/2021
9 Loan Fresenius Salt Lake 11,031 21.4% 3/31/2033 Fresenius Management Services 7,140 13.8% 3/31/2033 Utah Vascular Clinic 6,851 13.3% 1/4/2033
10 Loan Centrepointe Plaza 21,934 19.0% 1/31/2026 Sayaka Japanese Restaurant 8,615 7.5% 2/28/2028 Kalifornia Distilleries 7,318 6.3% 3/20/2029
11 Loan Nostrand Place 5,670 8.1% 3/31/2024 Bogoraz Law Group 3,300 4.7% 9/30/2027 Billmed Management LLC 3,101 4.4% 12/31/2024
12 Loan Chelmsford MHC N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
13 Loan Eagle Point Village Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
14 Loan The Black Building 10,436 8.4% 2/28/2025 P Dub Land Holdings 4,857 3.9% 5/31/2034 Southwest Anti Aging 4,267 3.4% 2/28/2026
15 Loan 10-12 Celina Avenue N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
16 Loan SpringHill Suites Corona Riverside N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
17 Loan Smoke Tree Village and Smoke Tree Commons Various N/A Various Various Various N/A Various Various Various N/A Various
17.01 Property Smoke Tree Commons 25,360 14.8% 8/31/2023 Michael’s 21,630 12.6% 5/31/2021 Cost Plus 18,300 10.7% 1/31/2021
17.02 Property Smoke Tree Village 4,000 3.6% MTM Pho 533 3,343 3.0% 7/31/2021 U.S. Post Office 3,000 2.7% 8/31/2020
18 Loan CIRE Equity Retail & Industrial Portfolio Various N/A Various Various Various N/A Various Various Various N/A Various
18.01 Property Wood Village Town Center 9,800 7.1% 6/30/2024 The Rock Wood Fired Pizza & Spirit 5,196 3.8% 6/30/2021 The Sleep Train, Inc. 5,091 3.7% 9/30/2026
18.02 Property Pecan Promenade 27,564 19.5% 11/30/2029 Dollar Tree 10,000 7.1% 10/31/2022 Kirkland’s 10,000 7.1% 6/30/2020
18.03 Property Valley Plaza 27,650 18.9% 1/31/2021 Salon Boutique 7,880 5.4% 5/31/2028 Banner Health 5,000 3.4% 8/31/2023
18.04 Property Pear Tree 49,377 25.0% 3/31/2024 Ross Stores 25,976 13.2% 1/30/2025 Big 5 Sporting Goods 16,520 8.4% 5/31/2022
18.05 Property Glendale Market Square 45,000 24.2% 11/30/2024 EJ’s Auction & Consignment 28,909 15.6% 11/30/2025 Hospice of the Valley 8,443 4.5% 2/29/2020
18.06 Property Central Park Shopping Center 29,294 19.9% 5/31/2025 Adventure Dental 8,805 6.0% 4/30/2024 Fast Cash Pawn and Jewelry 5,724 3.9% 11/30/2019
18.07 Property Val Vista Towne Center 13,221 14.2% 1/31/2022 Fred Astaire 3,511 3.8% 11/30/2024 Val Vista Dental 2,551 2.7% 4/30/2020
18.08 Property 2641 Hall Ave - Riverside, CA N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
18.09 Property 606 W Troy - Indianapolis, IN N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
18.10 Property Homeland - Bartow, FL N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
18.11 Property 2621 Hall Ave - Riverside, CA N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
19 Loan Courtyard by Marriott Mt. Juliet N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
20 Loan Hudson River Hotel N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
21 Loan Hampton Inn & Suites Mt. Juliet N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
22 Loan Gateway Tower 19,670 9.2% 9/30/2028 East-West Gateway Coordination 16,329 7.7% 12/31/2028 (16,101 SF); 12/1/2099 (228 SF) Oculus, Inc. 14,808 6.9% 8/31/2023
23 Loan Gatlin Retail Portfolio Various N/A Various Various Various N/A Various Various Various N/A Various
23.01 Property The Forum at Gateways 42,300 16.5% 1/31/2029 Dollar Tree 11,972 4.7% 11/1/2029 Buffalo Wild Wings 7,583 3.0% 4/12/2024
23.02 Property Wilson Square Shopping Center 11,400 16.8% 9/4/2029 Own It Home Furnishings 5,280 7.8% 10/31/2024 Super Wing & Philly 1,575 2.3% 2/28/2026
24 Loan Ambler Yards 36,767 14.9% 7/31/2022 Kupper Engineering, Inc 19,022 7.7% 1/31/2028 Betty Borden’s House of Whacks 18,305 7.4% 4/30/2024
25 Loan Blackmore Marketplace 24,000 14.6% 10/31/2023 Michael’s 18,362 11.2% 7/31/2029 PetSmart 17,868 10.9% 1/31/2028
26 Loan Maui 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 Maui Beach Hotel 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 Maui Nui Golf Course N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
27 Loan Motus Headquarters N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
28 Loan Comfort Inn & Suites - Seattle N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
29 Loan Landing at Fancher Creek N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
30 Loan The Bijou Building 5,150 22.6% 9/30/2022 Beach City Capital 4,510 19.8% 10/31/2026 Steel Services, LTD. 3,082 13.5% 7/31/2022
31 Loan Howell Industrial Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
31.01 Property Hatch Stamping N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
31.02 Property TK Holdings N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
32 Loan Pikeville Commons 3,492 2.9% 7/31/2021 OneMain Financial 2,683 2.2% 9/30/2020 Moe’s Southwest Grill 2,682 2.2% 4/30/2026
33 Loan Courtyard by Marriott Secaucus N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
34 Loan Meidinger Tower 37,345 11.3% 11/30/2022 Cotiviti Healthcare 27,960 8.4% 7/31/2021 River Road Asset Management, LLC 19,980 6.0% 8/14/2022
35 Loan The Cliffs at Waterford N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
36 Loan Staybridge Suites Benton Harbor N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
37 Loan Home2 Suites Cartersville N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

 

A-1-11 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Second Largest Tenant Sq. Ft. Second Largest Tenant % of NRA Second Largest Tenant Exp. Date(2) Third Largest Tenant Name(8)(9)(11)(22) Third Largest Tenant Sq. Ft. Third Largest Tenant % of NRA Third Largest Tenant Exp. Date(2) Fourth Largest Tenant Name(9)(11) Fourth Largest Tenant Sq. Ft. Fourth Largest Tenant % of NRA Fourth Largest Tenant Exp. Date(2)
38 Loan Corporate Place 30,000 34.6% 3/31/2025 Coram Healthcare 20,218 23.3% 1/31/2026 N/A N/A N/A N/A
39 Loan New Hampshire Self Storage Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
39.01 Property Seacoast Self Storage N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
39.02 Property Derry Self Storage N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
40 Loan Springhill Suites Auburn Hills N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
41 Loan San Antonio Hotel Portfolio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
41.01 Property La Quinta San Antonio N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
41.02 Property Best Western Elmendorf N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
42 Loan Best Western El Grande Inn N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
43 Loan MainStay Suites Grantville Hershey N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
45 Loan Indian Lake West Plaza 7,374 17.8% 10/31/2020 Bonfire Mongolian Grill 5,013 12.1% 11/30/2021 FitRev Gym 4,800 11.6% 3/31/2021
46 Loan El Segundo Plaza 3,935 16.4% 7/31/2025 Expert Cleaners 2,541 10.6% 1/31/2027 Gambucci Clinic 1,970 8.2% 6/30/2022
47 Loan Hampton Inn Belton N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
48 Loan 87 East 4th Street N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
49 Loan Norman’s Crossing 2,350 40.9% 7/31/2029 Chase Bank N/A N/A 12/31/2038 N/A N/A N/A N/A
50 Loan Windsor Park Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
51 Loan Walgreens Douglasville N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
52 Loan Northern Hills Shopping Center 3,321 16.7% 12/31/2028 Pho & Chinese 3,100 15.6% 4/30/2024 Dunkin Donuts 2,400 12.1% 7/31/2023
53 Loan Webb’s Plaza 10,945 17.6% 12/31/2022 Amped Fitness 10,600 17.0% 10/31/2026 Pinellas MYcroschool 10,166 16.3% 7/31/2022
54 Loan Walgreens Tupelo N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
55 Loan Best Western Plus - Newport News N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
56 Loan Nut Tree 1670 2,311 24.1% 2/29/2028 Cream 1,218 12.7% 4/30/2028 The Juice Company 1,217 12.7% 11/30/2028
57 Loan Parkway Village West 19,128 13.0% 10/31/2021 Advance Auto Parts 16,820 11.4% 5/31/2027 Central Wigs 13,872 9.4% 4/30/2022
58 Loan Walgreens Lexington N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
59 Loan Military Plaza 30,260 28.9% 1/31/2021 Harbor Freight Tools 16,582 15.8% 8/31/2027 Dollar Tree 8,228 7.9% 8/31/2024
60 Loan Ashgrove Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
61 Loan Eagle Springs Professional Center 2,757 10.6% 8/31/2024 Jerry L Gentry, MD 2,700 10.4% 9/30/2021 Howard Lomax, DDS 2,500 9.7% 8/31/2024
62 Loan Safe and Sound Storage N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
63 Loan Twin Oaks Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
64 Loan Cavalier Manor Apartments N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
65 Loan Ludington Retail Center 15,373 19.8% 7/31/2028 Total Fitness 12,757 16.5% 4/30/2023 Dollar General 10,043 13.0% 9/30/2024
66 Loan Dollar General  Fayette N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
67 Loan FedEx Muncie N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
68 Loan Dollar General Centralia N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
69 Loan Dollar General Hubbard Lake N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
70 Loan Dollar General Trenton N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

 

A-1-12 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Fifth Largest Tenant Name(9)(11) Fifth Largest Tenant Sq. Ft. Fifth Largest Tenant % of NRA Fifth Largest Tenant Exp. Date(2) Engineering Report Date Environmental Report Date (Phase I)(14)(15) Environmental Report Date (Phase II)(14)(15) Seismic Report Date Seismic PML % Loan Purpose Engineering Reserve / Deferred Maintenance Initial Tax Reserve Monthly Tax Reserve Initial Insurance Reserve Monthly Insurance Reserve Initial Replacement Reserve
1 Loan Grand Canal Shoppes TAO Nightclub 24,378 3.2% 1/31/2025 3/18/2019 5/15/2019 N/A N/A N/A Refinance            
2 Loan Phoenix Industrial Portfolio II N/A N/A N/A N/A Various Various N/A N/A N/A Refinance 283,040 261,385 62,502 159,062 13,255  
2.01 Property Flint N/A N/A N/A N/A 8/15/2019 8/15/2019 N/A N/A N/A              
2.02 Property Beloit N/A N/A N/A N/A 8/15/2019 8/15/2019 N/A N/A N/A              
2.03 Property Jefferson N/A N/A N/A N/A 8/15/2019 8/15/2019 N/A N/A N/A              
2.04 Property DuBois N/A N/A N/A N/A 8/19/2019 8/19/2019 N/A N/A N/A              
2.05 Property Huntsville N/A N/A N/A N/A 8/15/2019 8/15/2019 N/A N/A N/A              
3 Loan 600 & 620 National Avenue N/A N/A N/A N/A 8/26/2019 8/27/2019 N/A 8/26/2019 6.0% Acquisition           75,532
4 Loan Phoenix Industrial Portfolio I N/A N/A N/A N/A Various Various N/A N/A N/A Refinance 37,156 239,610 38,339 30,321 4,798  
4.01 Property Emerson N/A N/A N/A N/A 7/23/2019 8/5/2019 N/A N/A N/A              
4.02 Property St Francis N/A N/A N/A N/A 7/24/2019 8/5/2019 N/A N/A N/A              
4.03 Property Delta N/A N/A N/A N/A 7/22/2019 8/8/2019 N/A N/A N/A              
5 Loan 10000 Santa Monica Boulevard N/A N/A N/A N/A 3/26/2019 3/27/2019 N/A 3/26/2019 9.0% Refinance   890,641 222,660      
6 Loan Global Data Center N/A N/A N/A N/A 6/21/2019 6/17/2019 N/A N/A N/A Refinance            
7 Loan Waramaug Florida Hotel Portfolio N/A N/A N/A N/A Various 7/17/2019 N/A N/A N/A Acquisition   218,149 31,164 116,710 10,610  
7.01 Property Residence Inn – Port St. Lucie N/A N/A N/A N/A 5/31/2019 7/17/2019 N/A N/A N/A              
7.02 Property Springhill Suites – Tallahassee Central N/A N/A N/A N/A 5/29/2019 7/17/2019 N/A N/A N/A              
8 Loan The Chantilly Office Portfolio Various Various N/A Various Various 4/3/2019 N/A N/A N/A Recapitalization            
8.01 Property Stoneleigh I N/A N/A N/A N/A 3/29/2019 4/3/2019 N/A N/A N/A              
8.02 Property Stoneleigh II N/A N/A N/A N/A 3/29/2019 4/3/2019 N/A N/A N/A              
8.03 Property Glenview II N/A N/A N/A N/A 4/1/2019 4/3/2019 N/A N/A N/A              
8.04 Property Glenview I N/A N/A N/A N/A 4/1/2019 4/3/2019 N/A N/A N/A              
8.05 Property Glenbrook III AECOM Management Services, Inc. 5,184 8.8% 10/31/2021 4/1/2019 4/3/2019 N/A N/A N/A              
9 Loan Fresenius Salt Lake Utah Imaging Associates 4,572 8.9% 1/4/2028 7/30/2019 7/30/2019 N/A 8/21/2019 7.0% Refinance   164,730 13,728 13,805 1,534  
10 Loan Centrepointe Plaza Classic Molding 5,789 5.0% 2/28/2021 4/19/2019 4/19/2019 N/A 4/23/2019 12.0% Refinance   104,832 24,960 15,389 4,885  
11 Loan Nostrand Place Chopstix 3,081 4.4% 4/30/2024 6/25/2018 7/2/2019 N/A N/A N/A Acquisition 300,625 221,976 55,494      
12 Loan Chelmsford MHC N/A N/A N/A N/A 7/2/2019 7/2/2019 N/A N/A N/A Refinance   23,865 11,933      
13 Loan Eagle Point Village Apartments N/A N/A N/A N/A 5/20/2019 5/20/2019 N/A N/A N/A Refinance   207,625 24,717 35,213 3,726  
14 Loan The Black Building Aim Bank 3,696 3.0% 8/31/2020 8/22/2019 8/22/2019 N/A N/A N/A Refinance   174,474 17,447 39,543 5,649  
15 Loan 10-12 Celina Avenue N/A N/A N/A N/A 6/25/2019 7/1/2019 6/28/2019 N/A N/A Acquisition   111,965 37,322 11,404 3,801  
16 Loan SpringHill Suites Corona Riverside N/A N/A N/A N/A 7/1/2019 6/20/2019 N/A 6/20/2019 4.0% Acquisition 313 64,467 15,349 4,639 2,209  
17 Loan Smoke Tree Village and Smoke Tree Commons Various Various N/A Various 4/30/2019 Various N/A 5/1/2019 Various Refinance            
17.01 Property Smoke Tree Commons Walgreens 14,820 8.6% 5/1/2073 4/30/2019 4/25/2019 N/A 5/1/2019 12.0%              
17.02 Property Smoke Tree Village Giuseppe’s Pizza & Pasta 2,602 2.4% 4/30/2021 4/30/2019 4/30/2019 N/A 5/1/2019 15.0%              
18 Loan CIRE Equity Retail & Industrial Portfolio Various Various N/A Various 4/12/2019 4/12/2019 N/A Various Various Refinance 171,330 323,078 161,539     301,104
18.01 Property Wood Village Town Center National Vision, Inc. 3,183 2.3% 1/31/2020 4/12/2019 4/12/2019 N/A 4/12/2019 7.0%              
18.02 Property Pecan Promenade Shoe Show 7,007 5.0% 6/30/2026 4/12/2019 4/12/2019 N/A N/A N/A              
18.03 Property Valley Plaza Sprint 4,230 2.9% 8/31/2021 4/12/2019 4/12/2019 N/A N/A N/A              
18.04 Property Pear Tree Maurice’s 5,300 2.7% 1/31/2021 4/12/2019 4/12/2019 N/A 4/12/2019 17.0%              
18.05 Property Glendale Market Square Cucina Tagliani 4,920 2.6% 4/30/2024 4/12/2019 4/12/2019 N/A N/A N/A              
18.06 Property Central Park Shopping Center Comrade Brewery 5,315 3.6% 5/31/2021 4/12/2019 4/12/2019 N/A N/A N/A              
18.07 Property Val Vista Towne Center Regis Salon 1,910 2.0% 11/30/2019 4/12/2019 4/12/2019 N/A N/A N/A              
18.08 Property 2641 Hall Ave - Riverside, CA N/A N/A N/A N/A 4/12/2019 4/12/2019 N/A 4/12/2019 14.0%              
18.09 Property 606 W Troy - Indianapolis, IN N/A N/A N/A N/A 4/12/2019 4/12/2019 N/A N/A N/A              
18.10 Property Homeland - Bartow, FL N/A N/A N/A N/A 4/12/2019 4/12/2019 N/A N/A N/A              
18.11 Property 2621 Hall Ave - Riverside, CA N/A N/A N/A N/A 4/12/2019 4/12/2019 N/A 4/12/2019 11.0%              
19 Loan Courtyard by Marriott Mt. Juliet N/A N/A N/A N/A 8/1/2019 8/1/2019 N/A N/A N/A Refinance   76,372 8,486 5,540 1,847  
20 Loan Hudson River Hotel N/A N/A N/A N/A 6/5/2019 6/5/2019 N/A N/A N/A Refinance 65,000 147,213 36,803 37,596 4,177  
21 Loan Hampton Inn & Suites Mt. Juliet N/A N/A N/A N/A 8/1/2019 8/1/2019 N/A N/A N/A Refinance   65,133 7,237 17,259 1,918  
22 Loan Gateway Tower Fox Galvin, LLC 14,697 6.9% 6/30/2026 8/29/2019 8/28/2019 N/A N/A N/A Refinance   360,627 34,021 6,029 3,768  
23 Loan Gatlin Retail Portfolio Various Various N/A Various 8/22/2019 8/22/2019 N/A N/A N/A Refinance 142,933 211,249 36,596      
23.01 Property The Forum at Gateways Rondo Produce Market 4,866 1.9% 1/31/2025 8/22/2019 8/22/2019 N/A N/A N/A              
23.02 Property Wilson Square Shopping Center Smoke N’ Vape 1,500 2.2% 2/28/2020 8/22/2019 8/22/2019 N/A N/A N/A              
24 Loan Ambler Yards Phenom People 17,689 7.2% 4/1/2026 3/20/2019 3/21/2019 N/A N/A N/A Refinance   23,761 9,139 119,496 10,074 267,691
25 Loan Blackmore Marketplace ULTA 9,992 6.1% 7/31/2024 4/25/2019 8/14/2019 N/A N/A N/A Refinance            
26 Loan Maui Portfolio N/A N/A N/A N/A 11/13/2018 Various N/A N/A N/A Acquisition 122,281 68,919 12,307 98,753 27,431 1,610,000
26.01 Property Maui Beach Hotel N/A N/A N/A N/A 11/13/2018 11/15/2018 N/A N/A N/A              
26.02 Property Maui Nui Golf Course N/A N/A N/A N/A 11/13/2018 11/13/2018 N/A N/A N/A              
27 Loan Motus Headquarters N/A N/A N/A N/A 5/29/2019 5/24/2019 N/A N/A N/A Acquisition            
28 Loan Comfort Inn & Suites - Seattle N/A N/A N/A N/A 8/21/2019 8/21/2019 N/A 8/21/2019 9.0% Refinance 12,813 9,093 9,093 23,171 3,049  
29 Loan Landing at Fancher Creek N/A N/A N/A N/A 7/29/2019 7/28/2019 N/A 7/29/2019 3.0% Refinance 29,438 272,985 38,998 86,016 10,752  
30 Loan The Bijou Building Bar Method Hermosa 1,530 6.7% 6/30/2022 7/17/2019 4/29/2019 N/A 7/17/2019 19.0% Acquisition   18,288 3,048 1,686    
31 Loan Howell Industrial Portfolio N/A N/A N/A N/A Various 5/10/2019 N/A N/A N/A Refinance   26,278 8,759 17,698 1,770  
31.01 Property Hatch Stamping N/A N/A N/A N/A 8/26/2019 5/10/2019 N/A N/A N/A              
31.02 Property TK Holdings N/A N/A N/A N/A 5/21/2019 5/10/2019 N/A N/A N/A              
32 Loan Pikeville Commons Kay Jewelers 2,500 2.1% 12/31/2024 7/12/2019 7/12/2019 N/A N/A N/A Refinance 5,500 125,736 13,971 18,203 2,023  
33 Loan Courtyard by Marriott Secaucus N/A N/A N/A N/A 8/29/2019 8/29/2019 N/A N/A N/A Refinance            
34 Loan Meidinger Tower Seiller Waterman, LLC 14,341 4.3% 12/31/2023 4/29/2019 4/29/2019 N/A N/A N/A Refinance   350,931 36,555      
35 Loan The Cliffs at Waterford N/A N/A N/A N/A 8/2/2019 8/2/2019 N/A N/A N/A Acquisition   34,162 17,081   5,286 3,000
36 Loan Staybridge Suites Benton Harbor N/A N/A N/A N/A 6/19/2019 6/19/2019 N/A N/A N/A Refinance   13,056 13,056 6,958 1,740  
37 Loan Home2 Suites Cartersville N/A N/A N/A N/A 6/19/2019 6/19/2019 N/A N/A N/A Refinance   43,155 4,110 11,862 1,614  

 

A-1-13 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Fifth Largest Tenant Name(9)(11) Fifth Largest Tenant Sq. Ft. Fifth Largest Tenant % of NRA Fifth Largest Tenant Exp. Date(2) Engineering Report Date Environmental Report Date (Phase I)(14)(15) Environmental Report Date (Phase II)(14)(15) Seismic Report Date Seismic PML % Loan Purpose Engineering Reserve / Deferred Maintenance Initial Tax Reserve Monthly Tax Reserve Initial Insurance Reserve Monthly Insurance Reserve Initial Replacement Reserve
38 Loan Corporate Place N/A N/A N/A N/A 7/2/2019 7/3/2019 N/A 7/2/2019 16.0% Refinance   34,445 6,889      
39 Loan New Hampshire Self Storage Portfolio N/A N/A N/A N/A 7/8/2019 7/3/2019 N/A N/A N/A Acquisition   88,396 16,837 9,188 729  
39.01 Property Seacoast Self Storage N/A N/A N/A N/A 7/8/2019 7/3/2019 N/A N/A N/A              
39.02 Property Derry Self Storage N/A N/A N/A N/A 7/8/2019 7/3/2019 N/A N/A N/A              
40 Loan Springhill Suites Auburn Hills N/A N/A N/A N/A 7/12/2019 7/12/2019 N/A N/A N/A Refinance     11,668 13,035 2,607  
41 Loan San Antonio Hotel Portfolio N/A N/A N/A N/A 3/5/2019 3/5/2019 N/A N/A N/A Refinance   220,846 22,085 37,921 3,033  
41.01 Property La Quinta San Antonio N/A N/A N/A N/A 3/5/2019 3/5/2019 N/A N/A N/A              
41.02 Property Best Western Elmendorf N/A N/A N/A N/A 3/5/2019 3/5/2019 N/A N/A N/A              
42 Loan Best Western El Grande Inn N/A N/A N/A N/A 8/10/2019 8/9/2019 N/A 8/12/2019 14.0% Refinance 12,500 33,818 4,831 12,157 1,577  
43 Loan MainStay Suites Grantville Hershey N/A N/A N/A N/A 6/17/2019 6/17/2019 N/A N/A N/A Refinance     6,045 23,275 3,167  
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs N/A N/A N/A N/A 6/27/2019 6/26/2019 N/A N/A N/A Acquisition   44,954 4,281 22,117 3,511  
45 Loan Indian Lake West Plaza Five Guys Burgers and Fries 2,435 5.9% 12/31/2025 6/10/2019 6/11/2019 N/A N/A N/A Refinance 3,375 86,276 12,325 3,138 1,494  
46 Loan El Segundo Plaza Havana Sandwich Company 1,430 6.0% 4/30/2024 5/13/2019 7/1/2019 N/A 5/13/2019 16.0% Refinance   25,588 7,108 3,560 1,369  
47 Loan Hampton Inn Belton N/A N/A N/A N/A 5/31/2019 5/31/2019 N/A N/A N/A Refinance   81,071 8,579 6,225 2,964  
48 Loan 87 East 4th Street N/A N/A N/A N/A 7/2/2019 7/5/2019 N/A N/A N/A Refinance 7,500 1,814 1,814 4,178 696  
49 Loan Norman’s Crossing N/A N/A N/A N/A 7/18/2019 7/18/2019 N/A N/A N/A Refinance     2,031 1,778 386  
50 Loan Windsor Park Apartments N/A N/A N/A N/A 6/28/2019 N/A N/A N/A N/A Refinance 196,138 38,367 5,481      
51 Loan Walgreens Douglasville N/A N/A N/A N/A 8/7/2019 8/7/2019 N/A N/A N/A Refinance            
52 Loan Northern Hills Shopping Center Mariner Finance 1,806 9.1% 5/31/2021 7/8/2019 7/5/2019 N/A N/A N/A Acquisition   90,607 10,787 3,893 927  
53 Loan Webb’s Plaza St. Petersburg Kidney Care 6,082 9.8% 5/31/2022 7/16/2019 7/16/2019 N/A N/A N/A Refinance 4,563 103,045 8,178 13,559 2,583  
54 Loan Walgreens Tupelo N/A N/A N/A N/A 8/7/2019 8/7/2019 N/A N/A N/A Refinance            
55 Loan Best Western Plus - Newport News N/A N/A N/A N/A 7/18/2019 7/18/2019 N/A N/A N/A Refinance     3,851 986 939  
56 Loan Nut Tree 1670 N/A N/A N/A N/A 6/24/2019 N/A N/A 6/24/2019 9.0% Refinance   26,855 5,371      
57 Loan Parkway Village West Multiline Furniture 11,000 7.5% 11/30/2020 4/15/2019 4/15/2019 N/A 4/15/2019 11.0% Acquisition 267,695 36,856 10,238 7,464 2,871  
58 Loan Walgreens Lexington N/A N/A N/A N/A 8/7/2019 8/12/2019 N/A N/A N/A Refinance            
59 Loan Military Plaza Buffet City 7,062 6.7% 1/31/2022 6/24/2019 6/24/2019 N/A N/A N/A Refinance 18,750   4,723 18,833    
60 Loan Ashgrove Apartments N/A N/A N/A N/A 7/11/2019 7/12/2019 N/A N/A N/A Acquisition 38,563 7,653 7,288 18,806 1,990 170,000
61 Loan Eagle Springs Professional Center Alliance MRI Lake Houston LLC 2,100 8.1% 11/30/2020 7/5/2019 7/3/2019 N/A N/A N/A Acquisition   71,621 8,526 1,199 1,142  
62 Loan Safe and Sound Storage N/A N/A N/A N/A 6/28/2019 6/27/2019 N/A N/A N/A Refinance   12,123 1,347 4,178 1,393  
63 Loan Twin Oaks Apartments N/A N/A N/A N/A 7/9/2019 7/11/2019 N/A N/A N/A Acquisition   11,874 3,958 4,288 2,144  
64 Loan Cavalier Manor Apartments N/A N/A N/A N/A 8/6/2019 8/7/2019 N/A N/A N/A Acquisition 6,313 23,552 7,851 5,223 1,045  
65 Loan Ludington Retail Center Aarons 6,690 8.6% 7/31/2021 7/2/2019 7/9/2019 N/A N/A N/A Acquisition     3,962      
66 Loan Dollar General  Fayette N/A N/A N/A N/A 4/9/2019 4/9/2019 N/A N/A N/A Acquisition   4,000 333      
67 Loan FedEx Muncie N/A N/A N/A N/A 6/24/2019 6/25/2019 N/A N/A N/A Refinance 61,278 731 731      
68 Loan Dollar General Centralia N/A N/A N/A N/A 2/26/2019 2/22/2019 N/A N/A N/A Acquisition   4,000 333      
69 Loan Dollar General Hubbard Lake N/A N/A N/A N/A 5/15/2019 5/14/2019 N/A N/A N/A Acquisition   4,000 333      
70 Loan Dollar General Trenton N/A N/A N/A N/A 1/17/2019 1/17/2019 N/A N/A N/A Acquisition   4,000 333      

 

A-1-14 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Monthly Replacement Reserve(13)(18) Replacement Reserve Cap(18) Initial TI/LC Reserve(11) Monthly TI/LC Reserve(13)
1 Loan Grand Canal Shoppes   386,928 12,309,694  
2 Loan Phoenix Industrial Portfolio II 19,922 481,308   199,221
2.01 Property Flint        
2.02 Property Beloit        
2.03 Property Jefferson        
2.04 Property DuBois        
2.05 Property Huntsville        
3 Loan 600 & 620 National Avenue 3,147 75,532 12,085,120  
4 Loan Phoenix Industrial Portfolio I 9,846 236,313 500,000  
4.01 Property Emerson        
4.02 Property St Francis        
4.03 Property Delta        
5 Loan 10000 Santa Monica Boulevard 6,814 250,000    
6 Loan Global Data Center        
7 Loan Waramaug Florida Hotel Portfolio 14,081 N/A    
7.01 Property Residence Inn – Port St. Lucie        
7.02 Property Springhill Suites – Tallahassee Central        
8 Loan The Chantilly Office Portfolio   257,476    
8.01 Property Stoneleigh I        
8.02 Property Stoneleigh II        
8.03 Property Glenview II        
8.04 Property Glenview I        
8.05 Property Glenbrook III        
9 Loan Fresenius Salt Lake 645     860
10 Loan Centrepointe Plaza 1,250 N/A 850,000 $25,000 until 7/6/2021; $0 thereafter
11 Loan Nostrand Place 937 N/A 400,000  
12 Loan Chelmsford MHC 1,058 N/A    
13 Loan Eagle Point Village Apartments 6,250 300,000    
14 Loan The Black Building 1,550 N/A   7,751
15 Loan 10-12 Celina Avenue 2,682 N/A   1,877
16 Loan SpringHill Suites Corona Riverside 15,395 N/A    
17 Loan Smoke Tree Village and Smoke Tree Commons   N/A    
17.01 Property Smoke Tree Commons        
17.02 Property Smoke Tree Village        
18 Loan CIRE Equity Retail & Industrial Portfolio 20,994 An amount equal to the product of: (x) the sum of (1) the product obtained by multiplying $0.19 by the aggregate number of rentable retail square footage in the Properties, plus (2) the product obtained by multiplying $0.05 by the aggregate number of rentable non-retail square footage in the Properties; and (y) 2 589,027 93,310
18.01 Property Wood Village Town Center        
18.02 Property Pecan Promenade        
18.03 Property Valley Plaza        
18.04 Property Pear Tree        
18.05 Property Glendale Market Square        
18.06 Property Central Park Shopping Center        
18.07 Property Val Vista Towne Center        
18.08 Property 2641 Hall Ave - Riverside, CA        
18.09 Property 606 W Troy - Indianapolis, IN        
18.10 Property Homeland - Bartow, FL        
18.11 Property 2621 Hall Ave - Riverside, CA        
19 Loan Courtyard by Marriott Mt. Juliet 10,559 N/A    
20 Loan Hudson River Hotel 1/12th of 4% of Total Revenue      
21 Loan Hampton Inn & Suites Mt. Juliet 14,078 N/A    
22 Loan Gateway Tower 3,537 N/A 400,000 13,264
23 Loan Gatlin Retail Portfolio 4,053 N/A   13,511
23.01 Property The Forum at Gateways        
23.02 Property Wilson Square Shopping Center        
24 Loan Ambler Yards 4,103 N/A 476,718 20,517
25 Loan Blackmore Marketplace   N/A    
26 Loan Maui Portfolio   N/A    
26.01 Property Maui Beach Hotel        
26.02 Property Maui Nui Golf Course        
27 Loan Motus Headquarters   N/A    
28 Loan Comfort Inn & Suites - Seattle 12,984 N/A    
29 Loan Landing at Fancher Creek 11,384      
30 Loan The Bijou Building 380 9,120   2,850
31 Loan Howell Industrial Portfolio 2,656 100,000   3,542
31.01 Property Hatch Stamping        
31.02 Property TK Holdings        
32 Loan Pikeville Commons 2,810 N/A   1,311
33 Loan Courtyard by Marriott Secaucus        
34 Loan Meidinger Tower 5,518 198,632   20,691
35 Loan The Cliffs at Waterford 3,000 100,000    
36 Loan Staybridge Suites Benton Harbor 4,674 N/A    
37 Loan Home2 Suites Cartersville 9,708 N/A    

 

A-1-15 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Monthly Replacement Reserve(13)(18) Replacement Reserve Cap(18) Initial TI/LC Reserve(11) Monthly TI/LC Reserve(13)
38 Loan Corporate Place 722 17,322   2,887
39 Loan New Hampshire Self Storage Portfolio 1,442 N/A    
39.01 Property Seacoast Self Storage        
39.02 Property Derry Self Storage        
40 Loan Springhill Suites Auburn Hills 1/12th of 4% of the greater of (i) gross revenues in the preceding calendar year or (ii) the projected gross revenues for the current calendar year. Current Monthly deposit is $10,351.14 N/A    
41 Loan San Antonio Hotel Portfolio 10,819 N/A    
41.01 Property La Quinta San Antonio        
41.02 Property Best Western Elmendorf        
42 Loan Best Western El Grande Inn 7,061 N/A    
43 Loan MainStay Suites Grantville Hershey 3,014 N/A    
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs 7,926 N/A    
45 Loan Indian Lake West Plaza 689 N/A 350,000 4,167
46 Loan El Segundo Plaza   N/A    
47 Loan Hampton Inn Belton 7,439 N/A    
48 Loan 87 East 4th Street 188 N/A 200,000 139
49 Loan Norman’s Crossing   N/A    
50 Loan Windsor Park Apartments 1,667      
51 Loan Walgreens Douglasville   N/A    
52 Loan Northern Hills Shopping Center 248 N/A   1,653
53 Loan Webb’s Plaza 779 N/A   2,083
54 Loan Walgreens Tupelo   N/A    
55 Loan Best Western Plus - Newport News 4,261 N/A    
56 Loan Nut Tree 1670 120 2,878   1,599
57 Loan Parkway Village West 1,844 N/A 150,000 12,293
58 Loan Walgreens Lexington   N/A    
59 Loan Military Plaza 1,308 N/A 250,000 8,720
60 Loan Ashgrove Apartments 2,300 N/A    
61 Loan Eagle Springs Professional Center 432 N/A 150,000 2,481
62 Loan Safe and Sound Storage 616.81; Increasing 2% annually beginning 8/1/2019 N/A    
63 Loan Twin Oaks Apartments 1,333.33; Increasing 2% annually beginning 8/14/2019 N/A    
64 Loan Cavalier Manor Apartments $1,375, increment of 2% each year N/A    
65 Loan Ludington Retail Center 1,080 38,884   3,600
66 Loan Dollar General  Fayette   N/A    
67 Loan FedEx Muncie 173.44; Increasing 2% annually beginning 11/6/2020 N/A 76,278 463
68 Loan Dollar General Centralia   N/A    
69 Loan Dollar General Hubbard Lake   N/A    
70 Loan Dollar General Trenton   N/A    

 

A-1-16 

 

 

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

 

Mortgage Loan Number Property Flag Property Name TI/LC Reserve Cap(13) Other Reserve Reserve Description(11)(12)(17)
1 Loan Grand Canal Shoppes 2,321,544 Gap Rent Reserve
2 Loan Phoenix Industrial Portfolio II 1,500,000 N/A
2.01 Property Flint    
2.02 Property Beloit    
2.03 Property Jefferson    
2.04 Property DuBois    
2.05 Property Huntsville    
3 Loan 600 & 620 National Avenue   N/A
4 Loan Phoenix Industrial Portfolio I 500,000 N/A
4.01 Property Emerson    
4.02 Property St Francis    
4.03 Property Delta    
5 Loan 10000 Santa Monica Boulevard N/A N/A
6 Loan Global Data Center   N/A
7 Loan Waramaug Florida Hotel Portfolio N/A PIP Reserve
7.01 Property Residence Inn – Port St. Lucie    
7.02 Property Springhill Suites – Tallahassee Central    
8 Loan The Chantilly Office Portfolio N/A Tenant Allowance TI/LC Reserve ($1,481,290); Rent Concession Reserve ($593,341)
8.01 Property Stoneleigh I    
8.02 Property Stoneleigh II    
8.03 Property Glenview II    
8.04 Property Glenview I    
8.05 Property Glenbrook III    
9 Loan Fresenius Salt Lake N/A N/A
10 Loan Centrepointe Plaza N/A Mother’s Nutrition Restoration Funds ($85,400); Unfunded TI/LC ($39,935); Free Rent ($35,819)
11 Loan Nostrand Place 400,000 Silver Star Gap Rent Reserve ($110,020.44); Silver Star TILC / Rent Credit Reserve ($100,000.00); Outstanding Leasing Commissions Reserve ($66,373.44); Silver Star Free Rent Reserve ($45,841.85); VankaVstanka Static Reserve ($39,286.41)
12 Loan Chelmsford MHC N/A N/A
13 Loan Eagle Point Village Apartments N/A N/A
14 Loan The Black Building 575,000 N/A
15 Loan 10-12 Celina Avenue N/A N/A
16 Loan SpringHill Suites Corona Riverside N/A PIP Reserve
17 Loan Smoke Tree Village and Smoke Tree Commons 703,088 N/A
17.01 Property Smoke Tree Commons    
17.02 Property Smoke Tree Village    
18 Loan CIRE Equity Retail & Industrial Portfolio An amount equal to the product of: (x) the sum of (1) the product obtained by multiplying $1.00 by the aggregate number of rentable retail square footage in the Properties, plus (2) the product obtained by multiplying $0.50 by the aggregate number of rentable non-retail square footage in the Properties; and (y) 2. Rent Concession Funds Reserve
18.01 Property Wood Village Town Center    
18.02 Property Pecan Promenade    
18.03 Property Valley Plaza    
18.04 Property Pear Tree    
18.05 Property Glendale Market Square    
18.06 Property Central Park Shopping Center    
18.07 Property Val Vista Towne Center    
18.08 Property 2641 Hall Ave - Riverside, CA    
18.09 Property 606 W Troy - Indianapolis, IN    
18.10 Property Homeland - Bartow, FL    
18.11 Property 2621 Hall Ave - Riverside, CA    
19 Loan Courtyard by Marriott Mt. Juliet N/A N/A
20 Loan Hudson River Hotel N/A Seasonality Reserve Funds
21 Loan Hampton Inn & Suites Mt. Juliet N/A N/A
22 Loan Gateway Tower N/A Unfunded Tenant Obligations Reserve Funds
23 Loan Gatlin Retail Portfolio N/A Free Rent Reserve ($226,892.09); Unfunded Obligation Reserve ($1,129,560.75)
23.01 Property The Forum at Gateways    
23.02 Property Wilson Square Shopping Center    
24 Loan Ambler Yards 738,615 Norac Additive Holdback ($1,385,000); Free Rent Reserve ($274,337)
25 Loan Blackmore Marketplace 491,772 Unfunded Tenant Obligations Reserve Funds
26 Loan Maui Portfolio N/A N/A
26.01 Property Maui Beach Hotel    
26.02 Property Maui Nui Golf Course    
27 Loan Motus Headquarters N/A N/A
28 Loan Comfort Inn & Suites - Seattle N/A Seasonality Reserve ($300,000); PIP Reserve ($173,300)
29 Loan Landing at Fancher Creek   Tax Lien Reserve
30 Loan The Bijou Building 100,000 Rent Concession Reserve ($28,864); Existing TI/LC Reserve ($225,500)
31 Loan Howell Industrial Portfolio N/A Outstanding TI Funds ($30,000); Maintenance Charge Funds ($5,000)
31.01 Property Hatch Stamping    
31.02 Property TK Holdings    
32 Loan Pikeville Commons 100,000 Free Rent Reserve
33 Loan Courtyard by Marriott Secaucus N/A  
34 Loan Meidinger Tower 993,162 Unfunded Obligations Reserve
35 Loan The Cliffs at Waterford N/A N/A
36 Loan Staybridge Suites Benton Harbor N/A Seasonality Reserve
37 Loan Home2 Suites Cartersville N/A N/A

 

A-1-17 

 

 

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

 

Mortgage Loan Number Property Flag Property Name TI/LC Reserve Cap(13) Other Reserve Reserve Description(11)(12)(17)
38 Loan Corporate Place 69,288 N/A
39 Loan New Hampshire Self Storage Portfolio N/A N/A
39.01 Property Seacoast Self Storage    
39.02 Property Derry Self Storage    
40 Loan Springhill Suites Auburn Hills N/A N/A
41 Loan San Antonio Hotel Portfolio N/A N/A
41.01 Property La Quinta San Antonio    
41.02 Property Best Western Elmendorf    
42 Loan Best Western El Grande Inn N/A N/A
43 Loan MainStay Suites Grantville Hershey N/A N/A
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs N/A PIP Reserve
45 Loan Indian Lake West Plaza 250,000 Free Rent Deposit
46 Loan El Segundo Plaza N/A N/A
47 Loan Hampton Inn Belton N/A N/A
48 Loan 87 East 4th Street N/A N/A
49 Loan Norman’s Crossing N/A TATILC Reserve Funds ($249,462); Rent Concession Funds Reserve ($13,333)
50 Loan Windsor Park Apartments   N/A
51 Loan Walgreens Douglasville N/A N/A
52 Loan Northern Hills Shopping Center 50,000 N/A
53 Loan Webb’s Plaza 100,000 N/A
54 Loan Walgreens Tupelo N/A N/A
55 Loan Best Western Plus - Newport News N/A N/A
56 Loan Nut Tree 1670 38,368 N/A
57 Loan Parkway Village West 225,000 N/A
58 Loan Walgreens Lexington N/A N/A
59 Loan Military Plaza 500,000 N/A
60 Loan Ashgrove Apartments N/A N/A
61 Loan Eagle Springs Professional Center 150,000 Vision Source Outstanding TI Reserve ($17,450); Cutaia Outstanding TI Reserve ($3,780)
62 Loan Safe and Sound Storage N/A N/A
63 Loan Twin Oaks Apartments N/A N/A
64 Loan Cavalier Manor Apartments N/A N/A
65 Loan Ludington Retail Center 108,010 N/A
66 Loan Dollar General  Fayette N/A N/A
67 Loan FedEx Muncie N/A N/A
68 Loan Dollar General Centralia N/A N/A
69 Loan Dollar General Hubbard Lake N/A N/A
70 Loan Dollar General Trenton N/A N/A

 

A-1-18 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Initial Other Reserve(11)(12)(17) Monthly Other Reserve(12) Other Reserve Cap(12) Ownership Interest(7)
1 Loan Grand Canal Shoppes 1,218,246     Fee Simple/Leasehold
2 Loan Phoenix Industrial Portfolio II     N/A Fee Simple
2.01 Property Flint       Fee Simple
2.02 Property Beloit       Fee Simple
2.03 Property Jefferson       Fee Simple
2.04 Property DuBois       Fee Simple
2.05 Property Huntsville       Fee Simple
3 Loan 600 & 620 National Avenue       Fee Simple
4 Loan Phoenix Industrial Portfolio I   2,408 N/A Various
4.01 Property Emerson       Fee Simple
4.02 Property St Francis       Fee Simple/Leasehold
4.03 Property Delta       Fee Simple
5 Loan 10000 Santa Monica Boulevard     N/A Fee Simple
6 Loan Global Data Center       Fee Simple
7 Loan Waramaug Florida Hotel Portfolio 2,755,015 (i) Commencing on October 6, 2019 and on each Monthly Payment Date thereafter through and including September 6, 2022, 1/12th of 2.0% of the greater of (a) gross revenues in the preceding calendar year; (b) the projected gross revenues for the current calendar year; (ii) if Lender determines that, as of April 6, 2023, FF&E Reserve Funds together with PIP Reserve Funds with respect to the Schedule PIP has yet to be completed as of such date are in an amount less than 110% of the estimated costs required to complete the Remaining Scheduled PIP, Borrower shall make a deposit into the PIP Reserve Account in an amount sufficient to increase the sum of the PIP Reserve Funds with respect to the Scheduled PIP plus FF&E Reserve Funds to 110% of the estimated costs to complete the Remaining Scheduled PIP; or (iii) on the date that any new PIP is imposed by the Franchisor, an amount equal to 110% of the estimated costs to pay for such new PIP less the amount of FF&E Reserve Funds that remain in the FF&E Reserve Account that are not allocated for completion of FF&E work; provided however, if the PIP Work is not required to be completed with 12 months of the date of such notice. N/A Fee Simple
7.01 Property Residence Inn – Port St. Lucie       Fee Simple
7.02 Property Springhill Suites – Tallahassee Central       Fee Simple
8 Loan The Chantilly Office Portfolio 2,074,631   N/A Fee Simple
8.01 Property Stoneleigh I       Fee Simple
8.02 Property Stoneleigh II       Fee Simple
8.03 Property Glenview II       Fee Simple
8.04 Property Glenview I       Fee Simple
8.05 Property Glenbrook III       Fee Simple
9 Loan Fresenius Salt Lake     N/A Fee Simple
10 Loan Centrepointe Plaza 161,154   N/A Fee Simple
11 Loan Nostrand Place 361,522   N/A Fee Simple
12 Loan Chelmsford MHC     N/A Fee Simple
13 Loan Eagle Point Village Apartments     N/A Fee Simple
14 Loan The Black Building     N/A Fee Simple
15 Loan 10-12 Celina Avenue     N/A Fee Simple
16 Loan SpringHill Suites Corona Riverside 326,950   N/A Fee Simple
17 Loan Smoke Tree Village and Smoke Tree Commons     N/A Leasehold
17.01 Property Smoke Tree Commons       Leasehold
17.02 Property Smoke Tree Village       Leasehold
18 Loan CIRE Equity Retail & Industrial Portfolio 52,244   N/A Fee Simple
18.01 Property Wood Village Town Center       Fee Simple
18.02 Property Pecan Promenade       Fee Simple
18.03 Property Valley Plaza       Fee Simple
18.04 Property Pear Tree       Fee Simple
18.05 Property Glendale Market Square       Fee Simple
18.06 Property Central Park Shopping Center       Fee Simple
18.07 Property Val Vista Towne Center       Fee Simple
18.08 Property 2641 Hall Ave - Riverside, CA       Fee Simple
18.09 Property 606 W Troy - Indianapolis, IN       Fee Simple
18.10 Property Homeland - Bartow, FL       Fee Simple
18.11 Property 2621 Hall Ave - Riverside, CA       Fee Simple
19 Loan Courtyard by Marriott Mt. Juliet     N/A Fee Simple
20 Loan Hudson River Hotel 100,000   151,000 Fee Simple
21 Loan Hampton Inn & Suites Mt. Juliet   20,000 N/A Fee Simple
22 Loan Gateway Tower 71,036   N/A Fee Simple
23 Loan Gatlin Retail Portfolio 1,356,453   N/A Fee Simple
23.01 Property The Forum at Gateways       Fee Simple
23.02 Property Wilson Square Shopping Center       Fee Simple
24 Loan Ambler Yards 1,659,337   N/A Leasehold
25 Loan Blackmore Marketplace 100,370   N/A Fee Simple
26 Loan Maui Portfolio   47,762 N/A Fee Simple
26.01 Property Maui Beach Hotel       Fee Simple
26.02 Property Maui Nui Golf Course       Fee Simple
27 Loan Motus Headquarters     N/A Fee Simple
28 Loan Comfort Inn & Suites - Seattle 473,300 Springing N/A Fee Simple
29 Loan Landing at Fancher Creek 9,263   N/A Fee Simple
30 Loan The Bijou Building 254,364   N/A Fee Simple
31 Loan Howell Industrial Portfolio 35,000   N/A Fee Simple
31.01 Property Hatch Stamping       Fee Simple
31.02 Property TK Holdings       Fee Simple
32 Loan Pikeville Commons 4,875   N/A Fee Simple
33 Loan Courtyard by Marriott Secaucus     N/A Leasehold
34 Loan Meidinger Tower 134,676   N/A Fee Simple
35 Loan The Cliffs at Waterford     N/A Fee Simple
36 Loan Staybridge Suites Benton Harbor 85,500 Seasonality Reserve: In August and September, borrower shall deposit the Lesser of (a) $42,750 and (b) the amount which, at the time is made and after deducting any pending requests for disbursements from the account, if any, therefrom, would increase the balance in the account to $85,500 N/A Fee Simple
37 Loan Home2 Suites Cartersville     N/A Fee Simple

 

A-1-19 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Initial Other Reserve(11)(12)(17) Monthly Other Reserve(12) Other Reserve Cap(12) Ownership Interest(7)
38 Loan Corporate Place     N/A Fee Simple
39 Loan New Hampshire Self Storage Portfolio     N/A Fee Simple
39.01 Property Seacoast Self Storage       Fee Simple
39.02 Property Derry Self Storage       Fee Simple
40 Loan Springhill Suites Auburn Hills   Springing N/A Fee Simple
41 Loan San Antonio Hotel Portfolio     N/A Fee Simple
41.01 Property La Quinta San Antonio       Fee Simple
41.02 Property Best Western Elmendorf       Fee Simple
42 Loan Best Western El Grande Inn     N/A Fee Simple
43 Loan MainStay Suites Grantville Hershey     N/A Fee Simple
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs 120,000   N/A Fee Simple
45 Loan Indian Lake West Plaza 28,143   N/A Fee Simple
46 Loan El Segundo Plaza     N/A Fee Simple
47 Loan Hampton Inn Belton     N/A Fee Simple
48 Loan 87 East 4th Street     N/A Fee Simple
49 Loan Norman’s Crossing 262,796   N/A Fee Simple
50 Loan Windsor Park Apartments     N/A Fee Simple
51 Loan Walgreens Douglasville     N/A Fee Simple
52 Loan Northern Hills Shopping Center     N/A Fee Simple
53 Loan Webb’s Plaza     N/A Fee Simple
54 Loan Walgreens Tupelo     N/A Fee Simple
55 Loan Best Western Plus - Newport News     N/A Fee Simple
56 Loan Nut Tree 1670     N/A Fee Simple
57 Loan Parkway Village West     N/A Fee Simple
58 Loan Walgreens Lexington     N/A Fee Simple
59 Loan Military Plaza     N/A Fee Simple
60 Loan Ashgrove Apartments     N/A Fee Simple
61 Loan Eagle Springs Professional Center 21,230   N/A Fee Simple
62 Loan Safe and Sound Storage     N/A Fee Simple
63 Loan Twin Oaks Apartments     N/A Fee Simple
64 Loan Cavalier Manor Apartments     N/A Fee Simple
65 Loan Ludington Retail Center     N/A Fee Simple
66 Loan Dollar General  Fayette     N/A Fee Simple
67 Loan FedEx Muncie     N/A Fee Simple
68 Loan Dollar General Centralia     N/A Fee Simple
69 Loan Dollar General Hubbard Lake     N/A Fee Simple
70 Loan Dollar General Trenton     N/A Fee Simple

 

A-1-20 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Ground Lease Initial Expiration Date(7) Ground Lease Extension Options(7) Lockbox Cash Management Cut-off Date Pari Passu Mortgage Debt Balance Cut-off Date Subord. Mortgage Debt Balance Total Mortgage Debt Cut-off Date LTV Ratio Total Mortgage Debt UW NCF DSCR Total Mortgage Debt UW NOI Debt Yield
1 Loan Grand Canal Shoppes 2/28/2064 Walgreens has one option to extend the Term for an additional 40 years with 2 years written notice prior to the expiration of the Term. Hard Springing 709,615,385 215,000,000 60% 1.67 7.5%
2 Loan Phoenix Industrial Portfolio II N/A N/A Hard Springing 28,000,000 N/A N/A N/A N/A
2.01 Property Flint N/A N/A              
2.02 Property Beloit N/A N/A              
2.03 Property Jefferson N/A N/A              
2.04 Property DuBois N/A N/A              
2.05 Property Huntsville N/A N/A              
3 Loan 600 & 620 National Avenue N/A N/A Hard Springing 98,950,000 N/A N/A N/A N/A
4 Loan Phoenix Industrial Portfolio I Various Various Hard Springing N/A N/A N/A N/A N/A
4.01 Property Emerson N/A N/A              
4.02 Property St Francis Plant: December 31, 2066; Parking: December 31, 2066 Plant: Five, 5 Year; Parking: Five, 5 Year              
4.03 Property Delta N/A N/A              
5 Loan 10000 Santa Monica Boulevard N/A N/A Soft In Place 195,000,000 130,000,000 63% 1.47 6.2%
6 Loan Global Data Center N/A N/A Hard In Place 12,000,000 N/A N/A N/A N/A
7 Loan Waramaug Florida Hotel Portfolio N/A N/A Springing Springing N/A N/A N/A N/A N/A
7.01 Property Residence Inn – Port St. Lucie N/A N/A              
7.02 Property Springhill Suites – Tallahassee Central N/A N/A              
8 Loan The Chantilly Office Portfolio N/A N/A Hard Springing 22,350,000 N/A N/A N/A N/A
8.01 Property Stoneleigh I N/A N/A              
8.02 Property Stoneleigh II N/A N/A              
8.03 Property Glenview II N/A N/A              
8.04 Property Glenview I N/A N/A              
8.05 Property Glenbrook III N/A N/A              
9 Loan Fresenius Salt Lake N/A N/A Hard In Place N/A N/A N/A N/A N/A
10 Loan Centrepointe Plaza N/A N/A Springing Springing N/A N/A N/A N/A N/A
11 Loan Nostrand Place N/A N/A Hard Springing N/A N/A N/A N/A N/A
12 Loan Chelmsford MHC N/A N/A Springing Springing N/A N/A N/A N/A N/A
13 Loan Eagle Point Village Apartments N/A N/A Springing Springing N/A N/A N/A N/A N/A
14 Loan The Black Building N/A N/A Springing Springing N/A N/A N/A N/A N/A
15 Loan 10-12 Celina Avenue N/A N/A Springing Springing N/A N/A N/A N/A N/A
16 Loan SpringHill Suites Corona Riverside N/A N/A Springing Springing N/A N/A N/A N/A N/A
17 Loan Smoke Tree Village and Smoke Tree Commons Various Various Springing Springing 20,500,000 N/A N/A N/A N/A
17.01 Property Smoke Tree Commons 7/31/2071; 12/31/2053 No; 3 5-year options and 1 31-month option              
17.02 Property Smoke Tree Village 2/1/2054 1, 15-year option              
18 Loan CIRE Equity Retail & Industrial Portfolio N/A N/A Hard Springing 113,600,000 N/A N/A N/A N/A
18.01 Property Wood Village Town Center N/A N/A              
18.02 Property Pecan Promenade N/A N/A              
18.03 Property Valley Plaza N/A N/A              
18.04 Property Pear Tree N/A N/A              
18.05 Property Glendale Market Square N/A N/A              
18.06 Property Central Park Shopping Center N/A N/A              
18.07 Property Val Vista Towne Center N/A N/A              
18.08 Property 2641 Hall Ave - Riverside, CA N/A N/A              
18.09 Property 606 W Troy - Indianapolis, IN N/A N/A              
18.10 Property Homeland - Bartow, FL N/A N/A              
18.11 Property 2621 Hall Ave - Riverside, CA N/A N/A              
19 Loan Courtyard by Marriott Mt. Juliet N/A N/A Springing Springing N/A N/A N/A N/A N/A
20 Loan Hudson River Hotel N/A N/A Hard Springing N/A N/A N/A N/A N/A
21 Loan Hampton Inn & Suites Mt. Juliet N/A N/A Springing Springing N/A N/A N/A N/A N/A
22 Loan Gateway Tower N/A N/A Springing Springing N/A N/A N/A N/A N/A
23 Loan Gatlin Retail Portfolio N/A N/A Hard Springing 10,000,000 N/A N/A N/A N/A
23.01 Property The Forum at Gateways N/A N/A              
23.02 Property Wilson Square Shopping Center N/A N/A              
24 Loan Ambler Yards 6/12/2114 N/A Soft Springing 10,000,000 N/A N/A N/A N/A
25 Loan Blackmore Marketplace N/A N/A Springing Springing 10,000,000 N/A N/A N/A N/A
26 Loan Maui Portfolio N/A N/A Hard Springing 16,000,000 N/A N/A N/A N/A
26.01 Property Maui Beach Hotel N/A N/A              
26.02 Property Maui Nui Golf Course N/A N/A              
27 Loan Motus Headquarters N/A N/A Hard In Place N/A N/A N/A N/A N/A
28 Loan Comfort Inn & Suites - Seattle N/A N/A Hard Springing N/A N/A N/A N/A N/A
29 Loan Landing at Fancher Creek N/A N/A Soft Springing 20,000,000 N/A N/A N/A N/A
30 Loan The Bijou Building N/A N/A Soft Springing N/A N/A N/A N/A N/A
31 Loan Howell Industrial Portfolio N/A N/A Hard Springing N/A N/A N/A N/A N/A
31.01 Property Hatch Stamping N/A N/A              
31.02 Property TK Holdings N/A N/A              
32 Loan Pikeville Commons N/A N/A Soft Springing N/A N/A N/A N/A N/A
33 Loan Courtyard by Marriott Secaucus 6/28/2037 4, 10 year; 5th expiring March 31, 2085 Springing Springing 5,000,000 N/A N/A N/A N/A
34 Loan Meidinger Tower N/A N/A Hard Springing 19,000,000 N/A N/A N/A N/A
35 Loan The Cliffs at Waterford N/A N/A Springing Springing N/A N/A N/A N/A N/A
36 Loan Staybridge Suites Benton Harbor N/A N/A Springing Springing N/A N/A N/A N/A N/A
37 Loan Home2 Suites Cartersville N/A N/A Springing Springing N/A N/A N/A N/A N/A

 

A-1-21 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Ground Lease Initial Expiration Date(7) Ground Lease Extension Options(7) Lockbox Cash Management Cut-off Date Pari Passu Mortgage Debt Balance Cut-off Date Subord. Mortgage Debt Balance Total Mortgage Debt Cut-off Date LTV Ratio Total Mortgage Debt UW NCF DSCR Total Mortgage Debt UW NOI Debt Yield
38 Loan Corporate Place N/A N/A None None N/A N/A N/A N/A N/A
39 Loan New Hampshire Self Storage Portfolio N/A N/A Springing Springing N/A N/A N/A N/A N/A
39.01 Property Seacoast Self Storage N/A N/A              
39.02 Property Derry Self Storage N/A N/A              
40 Loan Springhill Suites Auburn Hills N/A N/A Springing Springing N/A N/A N/A N/A N/A
41 Loan San Antonio Hotel Portfolio N/A N/A Springing Springing N/A N/A N/A N/A N/A
41.01 Property La Quinta San Antonio N/A N/A              
41.02 Property Best Western Elmendorf N/A N/A              
42 Loan Best Western El Grande Inn N/A N/A Springing Springing N/A N/A N/A N/A N/A
43 Loan MainStay Suites Grantville Hershey N/A N/A Springing Springing N/A N/A N/A N/A N/A
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs N/A N/A Springing Springing N/A N/A N/A N/A N/A
45 Loan Indian Lake West Plaza N/A N/A Springing Springing N/A N/A N/A N/A N/A
46 Loan El Segundo Plaza N/A N/A Springing Springing N/A N/A N/A N/A N/A
47 Loan Hampton Inn Belton N/A N/A Springing Springing N/A N/A N/A N/A N/A
48 Loan 87 East 4th Street N/A N/A Springing Springing N/A N/A N/A N/A N/A
49 Loan Norman’s Crossing N/A N/A Springing Springing N/A N/A N/A N/A N/A
50 Loan Windsor Park Apartments N/A N/A Springing Springing N/A N/A N/A N/A N/A
51 Loan Walgreens Douglasville N/A N/A Hard In Place N/A N/A N/A N/A N/A
52 Loan Northern Hills Shopping Center N/A N/A Springing Springing N/A N/A N/A N/A N/A
53 Loan Webb’s Plaza N/A N/A Springing Springing N/A N/A N/A N/A N/A
54 Loan Walgreens Tupelo N/A N/A Hard In Place N/A N/A N/A N/A N/A
55 Loan Best Western Plus - Newport News N/A N/A Springing Springing N/A N/A N/A N/A N/A
56 Loan Nut Tree 1670 N/A N/A Springing Springing N/A N/A N/A N/A N/A
57 Loan Parkway Village West N/A N/A Springing Springing N/A N/A N/A N/A N/A
58 Loan Walgreens Lexington N/A N/A Hard In Place N/A N/A N/A N/A N/A
59 Loan Military Plaza N/A N/A Springing Springing N/A N/A N/A N/A N/A
60 Loan Ashgrove Apartments N/A N/A Springing Springing N/A N/A N/A N/A N/A
61 Loan Eagle Springs Professional Center N/A N/A Springing Springing N/A N/A N/A N/A N/A
62 Loan Safe and Sound Storage N/A N/A Springing Springing N/A N/A N/A N/A N/A
63 Loan Twin Oaks Apartments N/A N/A Springing Springing N/A N/A N/A N/A N/A
64 Loan Cavalier Manor Apartments N/A N/A Springing Springing N/A N/A N/A N/A N/A
65 Loan Ludington Retail Center N/A N/A Soft Springing N/A N/A N/A N/A N/A
66 Loan Dollar General  Fayette N/A N/A Hard In Place N/A N/A N/A N/A N/A
67 Loan FedEx Muncie N/A N/A Springing Springing N/A N/A N/A N/A N/A
68 Loan Dollar General Centralia N/A N/A Hard In Place N/A N/A N/A N/A N/A
69 Loan Dollar General Hubbard Lake N/A N/A Hard In Place N/A N/A N/A N/A N/A
70 Loan Dollar General Trenton N/A N/A Hard In Place N/A N/A N/A N/A N/A

 

A-1-22 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Cut-off Date Mezzanine Debt Balance(16) Total Debt Cut-off Date LTV Ratio Total Debt UW NCF DSCR Total Debt UW NOI Debt Yield Future Secured Subordinate Debt (Y/N) Conditions for Future Secured Subordinate Debt Lender Consent Required for Future Secured Subordinate Debt (Y/N) Future Mezzanine Debt Permitted (Y/N)(16) Conditions for Future Mezzanine Debt(16) Lender Consent Required for Future Mezzanine Debt (Y/N)(16)
1 Loan Grand Canal Shoppes N/A N/A N/A N/A No N/A N/A No N/A N/A
2 Loan Phoenix Industrial Portfolio II N/A N/A N/A N/A No N/A N/A No N/A N/A
2.01 Property Flint                    
2.02 Property Beloit                    
2.03 Property Jefferson                    
2.04 Property DuBois                    
2.05 Property Huntsville                    
3 Loan 600 & 620 National Avenue N/A N/A N/A N/A No N/A N/A No N/A N/A
4 Loan Phoenix Industrial Portfolio I N/A N/A N/A N/A No N/A N/A No N/A N/A
4.01 Property Emerson                    
4.02 Property St Francis                    
4.03 Property Delta                    
5 Loan 10000 Santa Monica Boulevard N/A N/A N/A N/A No N/A N/A No N/A N/A
6 Loan Global Data Center N/A N/A N/A N/A No N/A N/A No N/A N/A
7 Loan Waramaug Florida Hotel Portfolio N/A N/A N/A N/A No N/A N/A No N/A N/A
7.01 Property Residence Inn – Port St. Lucie                    
7.02 Property Springhill Suites – Tallahassee Central                    
8 Loan The Chantilly Office Portfolio N/A N/A N/A N/A No N/A N/A No N/A N/A
8.01 Property Stoneleigh I                    
8.02 Property Stoneleigh II                    
8.03 Property Glenview II                    
8.04 Property Glenview I                    
8.05 Property Glenbrook III                    
9 Loan Fresenius Salt Lake N/A N/A N/A N/A No N/A N/A No N/A N/A
10 Loan Centrepointe Plaza N/A N/A N/A N/A No N/A N/A No N/A N/A
11 Loan Nostrand Place N/A N/A N/A N/A No N/A N/A No N/A N/A
12 Loan Chelmsford MHC N/A N/A N/A N/A No N/A N/A Yes (a) the combined loan-to-value ratio is not greater than the lesser of 70.0% and the related loan-to-value ratio at origination (b) the combined debt service coverage ratio must be at least equal to the greater of 1.25x and the related debt service coverage ratio at origination (c) Intercreditor Agreement is required Yes
13 Loan Eagle Point Village Apartments N/A N/A N/A N/A No N/A N/A No N/A N/A
14 Loan The Black Building N/A N/A N/A N/A No N/A N/A No N/A N/A
15 Loan 10-12 Celina Avenue N/A N/A N/A N/A No N/A N/A No N/A N/A
16 Loan SpringHill Suites Corona Riverside N/A N/A N/A N/A No N/A N/A No N/A N/A
17 Loan Smoke Tree Village and Smoke Tree Commons N/A N/A N/A N/A No N/A N/A No N/A N/A
17.01 Property Smoke Tree Commons                    
17.02 Property Smoke Tree Village                    
18 Loan CIRE Equity Retail & Industrial Portfolio N/A N/A N/A N/A No N/A N/A No N/A N/A
18.01 Property Wood Village Town Center                    
18.02 Property Pecan Promenade                    
18.03 Property Valley Plaza                    
18.04 Property Pear Tree                    
18.05 Property Glendale Market Square                    
18.06 Property Central Park Shopping Center                    
18.07 Property Val Vista Towne Center                    
18.08 Property 2641 Hall Ave - Riverside, CA                    
18.09 Property 606 W Troy - Indianapolis, IN                    
18.10 Property Homeland - Bartow, FL                    
18.11 Property 2621 Hall Ave - Riverside, CA                    
19 Loan Courtyard by Marriott Mt. Juliet N/A N/A N/A N/A No N/A N/A No N/A N/A
20 Loan Hudson River Hotel N/A N/A N/A N/A No N/A N/A No N/A N/A
21 Loan Hampton Inn & Suites Mt. Juliet N/A N/A N/A N/A No N/A N/A No N/A N/A
22 Loan Gateway Tower N/A N/A N/A N/A No N/A N/A No N/A N/A
23 Loan Gatlin Retail Portfolio N/A N/A N/A N/A No N/A N/A Yes Borrower has the right to encumber the Property with up to  $2.0 million in mezzanine debt with a rate of up to 12.0% upon (i) DSCR (Combined) greater than or equal to 1.25x, (ii) LTV (Combined) no greater than 80.7%, (iii) Each of the Tenants commonly known as “LA Fitness”, “Walmart” at Individual Property (Florida) and “Walmart” at Individual Property (Michigan), satisfy all of the Operating Conditions, (iv) Debt Yield (Combined) greater than or equal to 7.7% Yes
23.01 Property The Forum at Gateways                    
23.02 Property Wilson Square Shopping Center                    
24 Loan Ambler Yards N/A N/A N/A N/A No N/A N/A No N/A N/A
25 Loan Blackmore Marketplace N/A N/A N/A N/A No N/A N/A No N/A N/A
26 Loan Maui Portfolio N/A N/A N/A N/A No N/A N/A No N/A N/A
26.01 Property Maui Beach Hotel                    
26.02 Property Maui Nui Golf Course                    
27 Loan Motus Headquarters N/A N/A N/A N/A No N/A N/A No N/A N/A
28 Loan Comfort Inn & Suites - Seattle N/A N/A N/A N/A No N/A N/A No N/A N/A
29 Loan Landing at Fancher Creek N/A N/A N/A N/A No N/A N/A No N/A N/A
30 Loan The Bijou Building N/A N/A N/A N/A No N/A N/A No N/A N/A
31 Loan Howell Industrial Portfolio N/A N/A N/A N/A No N/A N/A No N/A N/A
31.01 Property Hatch Stamping                    
31.02 Property TK Holdings                    
32 Loan Pikeville Commons N/A N/A N/A N/A No N/A N/A No N/A N/A
33 Loan Courtyard by Marriott Secaucus N/A N/A N/A N/A No N/A N/A No N/A N/A
34 Loan Meidinger Tower N/A N/A N/A N/A No N/A N/A No N/A N/A
35 Loan The Cliffs at Waterford N/A N/A N/A N/A No N/A N/A No N/A N/A
36 Loan Staybridge Suites Benton Harbor N/A N/A N/A N/A No N/A N/A No N/A N/A
37 Loan Home2 Suites Cartersville N/A N/A N/A N/A No N/A N/A No N/A N/A

 

A-1-23 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Cut-off Date Mezzanine Debt Balance(16) Total Debt Cut-off Date LTV Ratio Total Debt UW NCF DSCR Total Debt UW NOI Debt Yield Future Secured Subordinate Debt (Y/N) Conditions for Future Secured Subordinate Debt Lender Consent Required for Future Secured Subordinate Debt (Y/N) Future Mezzanine Debt Permitted (Y/N)(16) Conditions for Future Mezzanine Debt(16) Lender Consent Required for Future Mezzanine Debt (Y/N)(16)
38 Loan Corporate Place N/A N/A N/A N/A No N/A N/A No N/A N/A
39 Loan New Hampshire Self Storage Portfolio N/A N/A N/A N/A No N/A N/A Yes Approved mezzanine loan subject to following conditions: (i) the execution of an Intercreditor Agreement in form and substance reasonably acceptable to Lender; (ii) the combined Loan-To-Value Ratio will not be greater than 57.2%; (iii) the combined Debt Service Coverage Ratio based on trailing twelve month period will not be less than 1.95x; (iv) Rating Agency confirmation Yes
39.01 Property Seacoast Self Storage                    
39.02 Property Derry Self Storage                    
40 Loan Springhill Suites Auburn Hills N/A N/A N/A N/A No N/A N/A No N/A N/A
41 Loan San Antonio Hotel Portfolio N/A N/A N/A N/A No N/A N/A No N/A N/A
41.01 Property La Quinta San Antonio                    
41.02 Property Best Western Elmendorf                    
42 Loan Best Western El Grande Inn N/A N/A N/A N/A No N/A N/A No N/A N/A
43 Loan MainStay Suites Grantville Hershey N/A N/A N/A N/A No N/A N/A No N/A N/A
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs N/A N/A N/A N/A No N/A N/A No N/A N/A
45 Loan Indian Lake West Plaza N/A N/A N/A N/A No N/A N/A No N/A N/A
46 Loan El Segundo Plaza N/A N/A N/A N/A No N/A N/A No N/A N/A
47 Loan Hampton Inn Belton N/A N/A N/A N/A No N/A N/A No N/A N/A
48 Loan 87 East 4th Street N/A N/A N/A N/A No N/A N/A No N/A N/A
49 Loan Norman’s Crossing N/A N/A N/A N/A No N/A N/A No N/A N/A
50 Loan Windsor Park Apartments N/A N/A N/A N/A No N/A N/A No N/A N/A
51 Loan Walgreens Douglasville N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes
52 Loan Northern Hills Shopping Center N/A N/A N/A N/A No N/A N/A No N/A N/A
53 Loan Webb’s Plaza N/A N/A N/A N/A No N/A N/A No N/A N/A
54 Loan Walgreens Tupelo N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes
55 Loan Best Western Plus - Newport News N/A N/A N/A N/A No N/A N/A No N/A N/A
56 Loan Nut Tree 1670 N/A N/A N/A N/A No N/A N/A No N/A N/A
57 Loan Parkway Village West N/A N/A N/A N/A No N/A N/A No N/A N/A
58 Loan Walgreens Lexington N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes
59 Loan Military Plaza N/A N/A N/A N/A No N/A N/A No N/A N/A
60 Loan Ashgrove Apartments N/A N/A N/A N/A No N/A N/A Yes Approved mezzanine loan subject to following conditions: (i) the execution of an Intercreditor Agreement in form and substance reasonably acceptable to Lender; (ii) the combined Loan-To-Value Ratio will not be greater than 69.0%; (iii) the combined Debt Service Coverage Ratio will not be less than 1.30x; (iv) Rating Agency confirmation Yes
61 Loan Eagle Springs Professional Center N/A N/A N/A N/A No N/A N/A No N/A N/A
62 Loan Safe and Sound Storage N/A N/A N/A N/A No N/A N/A No N/A N/A
63 Loan Twin Oaks Apartments N/A N/A N/A N/A No N/A N/A No N/A N/A
64 Loan Cavalier Manor Apartments N/A N/A N/A N/A No N/A N/A No N/A N/A
65 Loan Ludington Retail Center N/A N/A N/A N/A No N/A N/A No N/A N/A
66 Loan Dollar General  Fayette N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes
67 Loan FedEx Muncie N/A N/A N/A N/A No N/A N/A No N/A N/A
68 Loan Dollar General Centralia N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes
69 Loan Dollar General Hubbard Lake N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes
70 Loan Dollar General Trenton N/A N/A N/A N/A No N/A N/A Yes (i) No Event of Default; (ii) LTV<=85%; (iii) DSCR>=1.20x; (iv) Intercreditor Agreement Yes

 

A-1-24 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Future Unsecured Debt Permitted (Y/N) Conditions for Future Unsecured Debt Lender Consent Required for Future Unsecured Debt (Y/N) Sponsor(19)
1 Loan Grand Canal Shoppes No N/A N/A Brookfield Properties REIT Inc.; Nuveen Real Estate
2 Loan Phoenix Industrial Portfolio II No N/A N/A Phoenix Investors
2.01 Property Flint        
2.02 Property Beloit        
2.03 Property Jefferson        
2.04 Property DuBois        
2.05 Property Huntsville        
3 Loan 600 & 620 National Avenue No N/A N/A Farshid Steve Shokouhi; Brett Michael Lipman
4 Loan Phoenix Industrial Portfolio I No N/A N/A Phoenix Investors
4.01 Property Emerson        
4.02 Property St Francis        
4.03 Property Delta        
5 Loan 10000 Santa Monica Boulevard No N/A N/A Sonny Kahn, not personally or individually (except as set forth in  the guaranty), but solely as trustee of the SK Business Trust  pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in   the guaranty), but solely as trustee of the RF  Business Trust pursuant to that certain Amendment and Restatement of the RF  Business Trust dated November 3, 2009;  Bruce A. Menin, not personally or individually (except as set forth in  the guaranty), but solely as trustee of the Menin  1998 Business Trust pursuant to that certain Restated and Amended Declaration  of Trust dated November 6, 2009
6 Loan Global Data Center No N/A N/A GI Manager LLC
7 Loan Waramaug Florida Hotel Portfolio No N/A N/A Leslie Ng; Paul A. Nussbaum
7.01 Property Residence Inn – Port St. Lucie        
7.02 Property Springhill Suites – Tallahassee Central        
8 Loan The Chantilly Office Portfolio No N/A N/A RMR Office Property Fund LP
8.01 Property Stoneleigh I        
8.02 Property Stoneleigh II        
8.03 Property Glenview II        
8.04 Property Glenview I        
8.05 Property Glenbrook III        
9 Loan Fresenius Salt Lake No N/A N/A Donald Morris; Ruth Indahyung; Sanjiv Anand; Arasu Gopinath; Sey Lau; Jeff Barklow; David Tien; Kevin Jansen; Landon Dickson
10 Loan Centrepointe Plaza No N/A N/A Ming Yang Lee
11 Loan Nostrand Place No N/A N/A Christopher Wild; Elliot Sasson
12 Loan Chelmsford MHC No N/A N/A Ross H. Partrich
13 Loan Eagle Point Village Apartments No N/A N/A Roy E. Carroll II
14 Loan The Black Building No N/A N/A Perry Williams
15 Loan 10-12 Celina Avenue No N/A N/A Global Gate Capital Partners Limited
16 Loan SpringHill Suites Corona Riverside No N/A N/A Seon Hee Suh
17 Loan Smoke Tree Village and Smoke Tree Commons No N/A N/A E. Stanley Kroenke
17.01 Property Smoke Tree Commons        
17.02 Property Smoke Tree Village        
18 Loan CIRE Equity Retail & Industrial Portfolio No N/A N/A Trevor Smith; Joshua Volen; CIRE OpCo I, LLC
18.01 Property Wood Village Town Center        
18.02 Property Pecan Promenade        
18.03 Property Valley Plaza        
18.04 Property Pear Tree        
18.05 Property Glendale Market Square        
18.06 Property Central Park Shopping Center        
18.07 Property Val Vista Towne Center        
18.08 Property 2641 Hall Ave - Riverside, CA        
18.09 Property 606 W Troy - Indianapolis, IN        
18.10 Property Homeland - Bartow, FL        
18.11 Property 2621 Hall Ave - Riverside, CA        
19 Loan Courtyard by Marriott Mt. Juliet No N/A N/A Bhavin L. Ghodasara; Laxmikant P. Ghodasara
20 Loan Hudson River Hotel No N/A N/A Ae Sook Choi; Jin Sup An
21 Loan Hampton Inn & Suites Mt. Juliet No N/A N/A Bhavin L. Ghodasara; Laxmikant P. Ghodasara
22 Loan Gateway Tower No N/A N/A Matthew G. Lefkowitz; Alexandra R. Lefkowitz
23 Loan Gatlin Retail Portfolio No N/A N/A Franklin Gatlin III; Franklin C. Gatlin, III, As Trustee of the Franklin C. Gatlin, III Trust, A Revocable inter vivos trust dated December 16, 2003
23.01 Property The Forum at Gateways        
23.02 Property Wilson Square Shopping Center        
24 Loan Ambler Yards No N/A N/A Matthew P. Sigel; Marcus A. Policarpo
25 Loan Blackmore Marketplace No N/A N/A E. Stanley Kroenke
26 Loan Maui Portfolio No N/A N/A Benjamin G. Rafter
26.01 Property Maui Beach Hotel        
26.02 Property Maui Nui Golf Course        
27 Loan Motus Headquarters No N/A N/A LCN North American Fund II REIT
28 Loan Comfort Inn & Suites - Seattle No N/A N/A Binchi Zhang; Wei Lang; Xiaoqiang Xu
29 Loan Landing at Fancher Creek No N/A N/A Patrick De La Torre
30 Loan The Bijou Building No N/A N/A Sepehr Dardashti
31 Loan Howell Industrial Portfolio No N/A N/A Markus M. Ernst
31.01 Property Hatch Stamping        
31.02 Property TK Holdings        
32 Loan Pikeville Commons No N/A N/A Realtylink USA, LLC, Philip J. Wilson, John C. Jamison, W. Neil Wilson
33 Loan Courtyard by Marriott Secaucus No N/A N/A Leslie Ng; Paul A. Nussbaum
34 Loan Meidinger Tower No N/A N/A Charles Stein; Dennis Udwin
35 Loan The Cliffs at Waterford No N/A N/A Martin B. Geller; Eric P. Richelson
36 Loan Staybridge Suites Benton Harbor No N/A N/A Saher Sandiha
37 Loan Home2 Suites Cartersville No N/A N/A Xama U. Bhatt; Dipak Patel

 

A-1-25 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Future Unsecured Debt Permitted (Y/N) Conditions for Future Unsecured Debt Lender Consent Required for Future Unsecured Debt (Y/N) Sponsor(19)
38 Loan Corporate Place No N/A N/A Michael C. Jaeger; Robert A. McHugh, III
39 Loan New Hampshire Self Storage Portfolio No N/A N/A Robert Moser
39.01 Property Seacoast Self Storage        
39.02 Property Derry Self Storage        
40 Loan Springhill Suites Auburn Hills No N/A N/A James Mann; John Mann
41 Loan San Antonio Hotel Portfolio No N/A N/A Ashwin Gajera
41.01 Property La Quinta San Antonio        
41.02 Property Best Western Elmendorf        
42 Loan Best Western El Grande Inn No N/A N/A Dilipkumar G. Patel; Bhavnaben D. Patel
43 Loan MainStay Suites Grantville Hershey No N/A N/A Krupal Desai
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs No N/A N/A Pravin Kotadia
45 Loan Indian Lake West Plaza No N/A N/A J. Scott Lucas
46 Loan El Segundo Plaza No N/A N/A Eddie Leisner; Steven Leisner
47 Loan Hampton Inn Belton No N/A N/A Larry-Bharat Patel
48 Loan 87 East 4th Street No N/A N/A Abe Cohen, Joseph Wahba, Robert Wahba
49 Loan Norman’s Crossing No N/A N/A John L. Varner
50 Loan Windsor Park Apartments No N/A N/A Kenneth Heron II
51 Loan Walgreens Douglasville No N/A N/A Ladder Capital CRE Equity LLC
52 Loan Northern Hills Shopping Center No N/A N/A Vinu Krishnamurthy; Ravi Jagtiani
53 Loan Webb’s Plaza No N/A N/A Min Tjia
54 Loan Walgreens Tupelo No N/A N/A Ladder Capital CRE Equity LLC
55 Loan Best Western Plus - Newport News No N/A N/A Karan Shah; Dhrumit Shah
56 Loan Nut Tree 1670 No N/A N/A Ricardo Capretta; Lisa Capretta; The Capretta Family Revocable Trust
57 Loan Parkway Village West No N/A N/A Rajender Dudani
58 Loan Walgreens Lexington No N/A N/A Ladder Capital CRE Equity LLC
59 Loan Military Plaza No N/A N/A William A. Morris
60 Loan Ashgrove Apartments No N/A N/A Steve Firestone
61 Loan Eagle Springs Professional Center No N/A N/A Nathan T. Newman
62 Loan Safe and Sound Storage No N/A N/A Carroll Lee Wood, IV; Julius J. Stagg, IV.; Timothy G. Metcalf
63 Loan Twin Oaks Apartments No N/A N/A Tyler J. Woods
64 Loan Cavalier Manor Apartments No N/A N/A Manojkumar M. Manwani; Sachin J. Shah
65 Loan Ludington Retail Center No N/A N/A Charles J. Laurencelle; Morris Chabbott
66 Loan Dollar General  Fayette No N/A N/A Ladder Capital CRE Equity LLC
67 Loan FedEx Muncie No N/A N/A Joseph Sarot; Fred P. Schwartz; Michael E. Tsorotzkin
68 Loan Dollar General Centralia No N/A N/A Ladder Capital CRE Equity LLC
69 Loan Dollar General Hubbard Lake No N/A N/A Ladder Capital CRE Equity LLC
70 Loan Dollar General Trenton No N/A N/A Ladder Capital CRE Equity LLC

 

A-1-26 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Guarantor(19) Affiliated Sponsors
1 Loan Grand Canal Shoppes BPR Nimbus LLC No
2 Loan Phoenix Industrial Portfolio II Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 Group 1
2.01 Property Flint    
2.02 Property Beloit    
2.03 Property Jefferson    
2.04 Property DuBois    
2.05 Property Huntsville    
3 Loan 600 & 620 National Avenue Farshid Steve Shokouhi; Brett Michael Lipman No
4 Loan Phoenix Industrial Portfolio I Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 Group 1
4.01 Property Emerson    
4.02 Property St Francis    
4.03 Property Delta    
5 Loan 10000 Santa Monica Boulevard Sonny Kahn, not personally or individually (except as set forth in  the guaranty), but solely as trustee of the SK Business Trust  pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in   the guaranty), but solely as trustee of the RF  Business Trust pursuant to that certain Amendment and Restatement of the RF  Business Trust dated November 3, 2009;  Bruce A. Menin, not personally or individually (except as set forth in  the guaranty), but solely as trustee of the Menin  1998 Business Trust pursuant to that certain Restated and Amended Declaration  of Trust dated November 6, 2009 No
6 Loan Global Data Center GI Manager L.P.; GI Tare LP No
7 Loan Waramaug Florida Hotel Portfolio Leslie Ng; Paul A. Nussbaum Group 2
7.01 Property Residence Inn – Port St. Lucie    
7.02 Property Springhill Suites – Tallahassee Central    
8 Loan The Chantilly Office Portfolio RMR Office Property Fund LP No
8.01 Property Stoneleigh I    
8.02 Property Stoneleigh II    
8.03 Property Glenview II    
8.04 Property Glenview I    
8.05 Property Glenbrook III    
9 Loan Fresenius Salt Lake Donald Morris; Ruth Indahyung; Sanjiv Anand; Arasu Gopinath; Sey Lau; Jeff Barklow; David Tien; Kevin Jansen; Landon Dickson No
10 Loan Centrepointe Plaza Ming Yang Lee No
11 Loan Nostrand Place Christopher Wild; Elliot Sasson No
12 Loan Chelmsford MHC Ross H. Partrich No
13 Loan Eagle Point Village Apartments Roy E. Carroll II No
14 Loan The Black Building Perry Williams No
15 Loan 10-12 Celina Avenue Global Gate Capital Partners Limited No
16 Loan SpringHill Suites Corona Riverside Seon Hee Suh No
17 Loan Smoke Tree Village and Smoke Tree Commons E. Stanley Kroenke Group 4
17.01 Property Smoke Tree Commons    
17.02 Property Smoke Tree Village    
18 Loan CIRE Equity Retail & Industrial Portfolio Trevor Smith; Joshua Volen; CIRE OpCo I, LLC No
18.01 Property Wood Village Town Center    
18.02 Property Pecan Promenade    
18.03 Property Valley Plaza    
18.04 Property Pear Tree    
18.05 Property Glendale Market Square    
18.06 Property Central Park Shopping Center    
18.07 Property Val Vista Towne Center    
18.08 Property 2641 Hall Ave - Riverside, CA    
18.09 Property 606 W Troy - Indianapolis, IN    
18.10 Property Homeland - Bartow, FL    
18.11 Property 2621 Hall Ave - Riverside, CA    
19 Loan Courtyard by Marriott Mt. Juliet Bhavin L. Ghodasara; Laxmikant P. Ghodasara Group 3
20 Loan Hudson River Hotel Ae Sook Choi; Jin Sup An No
21 Loan Hampton Inn & Suites Mt. Juliet Bhavin L. Ghodasara; Laxmikant P. Ghodasara Group 3
22 Loan Gateway Tower Matthew G. Lefkowitz; Alexandra R. Lefkowitz No
23 Loan Gatlin Retail Portfolio Franklin Gatlin III; Franklin C. Gatlin, III, As Trustee of the Franklin C. Gatlin, III Trust, A Revocable inter vivos trust dated December 16, 2003 No
23.01 Property The Forum at Gateways    
23.02 Property Wilson Square Shopping Center    
24 Loan Ambler Yards Matthew P. Sigel; Marcus A. Policarpo No
25 Loan Blackmore Marketplace E. Stanley Kroenke Group 4
26 Loan Maui Portfolio Benjamin G. Rafter No
26.01 Property Maui Beach Hotel    
26.02 Property Maui Nui Golf Course    
27 Loan Motus Headquarters LCN North American Fund II REIT No
28 Loan Comfort Inn & Suites - Seattle Binchi Zhang; Wei Lang; Xiaoqiang Xu No
29 Loan Landing at Fancher Creek Patrick De La Torre No
30 Loan The Bijou Building Sepehr Dardashti No
31 Loan Howell Industrial Portfolio Markus M. Ernst No
31.01 Property Hatch Stamping    
31.02 Property TK Holdings    
32 Loan Pikeville Commons Realtylink USA, LLC, Philip J. Wilson, John C. Jamison, W. Neil Wilson No
33 Loan Courtyard by Marriott Secaucus Leslie Ng; Paul A. Nussbaum Group 2
34 Loan Meidinger Tower Charles Stein; Dennis Udwin No
35 Loan The Cliffs at Waterford Martin B. Geller; Eric P. Richelson No
36 Loan Staybridge Suites Benton Harbor Saher Sandiha No
37 Loan Home2 Suites Cartersville Xama U. Bhatt; Dipak Patel No

 

A-1-27 

 

 

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

 

Mortgage Loan Number Property Flag Property Name Guarantor(19) Affiliated Sponsors
38 Loan Corporate Place Michael C. Jaeger; Robert A. McHugh, III No
39 Loan New Hampshire Self Storage Portfolio Robert Moser No
39.01 Property Seacoast Self Storage    
39.02 Property Derry Self Storage    
40 Loan Springhill Suites Auburn Hills James Mann; John Mann No
41 Loan San Antonio Hotel Portfolio Ashwin Gajera No
41.01 Property La Quinta San Antonio    
41.02 Property Best Western Elmendorf    
42 Loan Best Western El Grande Inn Dilipkumar G. Patel; Bhavnaben D. Patel No
43 Loan MainStay Suites Grantville Hershey Krupal Desai No
44 Loan Fairfield Inn & Suites Holiday Tarpon Springs Pravin Kotadia No
45 Loan Indian Lake West Plaza J. Scott Lucas No
46 Loan El Segundo Plaza Eddie Leisner; Steven Leisner No
47 Loan Hampton Inn Belton Larry-Bharat Patel No
48 Loan 87 East 4th Street Abe Cohen, Joseph Wahba, Robert Wahba No
49 Loan Norman’s Crossing John L. Varner No
50 Loan Windsor Park Apartments Kenneth Heron II No
51 Loan Walgreens Douglasville Ladder Capital CRE Equity LLC Group 5
52 Loan Northern Hills Shopping Center Vinu Krishnamurthy; Ravi Jagtiani No
53 Loan Webb’s Plaza Min Tjia No
54 Loan Walgreens Tupelo Ladder Capital CRE Equity LLC Group 5
55 Loan Best Western Plus - Newport News Karan Shah; Dhrumit Shah No
56 Loan Nut Tree 1670 Ricardo Capretta; Lisa Capretta; The Capretta Family Revocable Trust No
57 Loan Parkway Village West Rajender Dudani No
58 Loan Walgreens Lexington Ladder Capital CRE Equity LLC Group 5
59 Loan Military Plaza William A. Morris No
60 Loan Ashgrove Apartments Steve Firestone No
61 Loan Eagle Springs Professional Center Nathan T. Newman No
62 Loan Safe and Sound Storage Carroll Lee Wood, IV; Julius J. Stagg, IV.; Timothy G. Metcalf No
63 Loan Twin Oaks Apartments Tyler J. Woods No
64 Loan Cavalier Manor Apartments Manojkumar M. Manwani; Sachin J. Shah No
65 Loan Ludington Retail Center Charles J. Laurencelle; Morris Chabbott No
66 Loan Dollar General  Fayette Ladder Capital CRE Equity LLC Group 5
67 Loan FedEx Muncie Joseph Sarot; Fred P. Schwartz; Michael E. Tsorotzkin No
68 Loan Dollar General Centralia Ladder Capital CRE Equity LLC Group 5
69 Loan Dollar General Hubbard Lake Ladder Capital CRE Equity LLC Group 5
70 Loan Dollar General Trenton Ladder Capital CRE Equity LLC Group 5

 

A-1-28 

 

 

 

UBS 2019-C17

 

Footnotes to Annex A-1

 

 

(1)

UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (“UBS AG”), Wells Fargo Bank, National Association (“WFB”), Rialto Mortgage Finance, LLC (“RMF”), Ladder Capital Finance LLC (“LCF”), Rialto Real Estate Fund III – Debt, LP (“RREF”) and CIBC Inc. (“CIBC”).

 

 

(2)

Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in the preliminary prospectus for information regarding certain lease termination options affecting the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans.

 

 

(3)

The Original Balance and Cut-off Date Balance represent only the Mortgage Loan included in the issuing entity. The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Cut-off Date Balance Per Unit/SF are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. For more information regarding the Mortgage Loans secured by the Mortgaged Properties identified under the column heading in this Annex A-1 as Grand Canal Shoppes, Phoenix Industrial Portfolio II, 600 & 620 National Avenue, 10000 Santa Monica Boulevard, Global Data Center, The Chantilly Office Portfolio, Smoke Tree Village and Smoke Tree Commons, CIRE Equity Retail & Industrial Portfolio, Gatlin Retail Portfolio, Ambler Yards, Blackmore Marketplace, Maui Portfolio, Landing at Fancher Creek, Courtyard by Marriott Secaucus and Meidinger Tower, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus.

 

 

(4)

Loan No. 3 – 600 & 620 National Avenue – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan are based on the appraiser’s “Market Value As Stabilized”, which assumes the sole tenant at the Mortgaged Property, Google, has taken possession, free rent has expired, the tenant has commenced paying unabated rent and all outstanding tenant improvements and leasing commissions have been reserved. As of the time of origination, Google has taken possession of its space and is paying rent, and all outstanding tenant improvements and leasing commissions have been reserved.

 

 

 

Loan No. 18 – CIRE Equity Retail & Industrial Portfolio – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan are based on the “As-Portfolio” Appraised Value of $198,100,000 as of May 3, 2019, which reflects an approximate 5.0% premium attributed to the aggregate sum of the “As-Is” Appraised Values, as applicable, for each of the Mortgaged Properties on an individual basis. On a stand-alone basis, the Mortgaged Properties have an aggregate “As-Is” Appraised Value of $188,710,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the aggregate stand-alone “As-Is” Appraised Value of $188,710,000 are 68.1% and 68.1%, respectively.

 

 

 

Loan No. 24 – Ambler Yards – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan includes the “Market Value Assuming Lease-Up Costs for Recently Signed Leases Are Escrowed And Available to Any Potential Purchaser” Appraised Value of $31,730,000, which assumes that escrows were in-place at origination for recently executed leases. The Appraised Value of the Mortgaged Property assuming the “As-Is” Appraised Value is $31,100,000 as of March 12, 2019. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 74.9% and 64.4%, respectively.

 

 

 

Loan No. 25 – Blackmore Marketplace – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Whole Loan are based on the “As-Complete” Appraised Value of $34,600,000 as of August 1, 2019. The Appraised Value of the Mortgaged Property assuming the “As-Is” Appraised Value is $33,200,000 as of May 1, 2019. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 69.6% and 58.7%, respectively.

 

 

(5)

Loan No. 1 – Grand Canal Shoppes – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) June 3, 2022. The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of August 1, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 27 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 2 – Phoenix Industrial Portfolio II – The Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 3 – 600 & 620 National Avenue – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 11, 2022. The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 11, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

A-1-29 

 

 

 

Loan No. 5 – 10000 Santa Monica Boulevard – The Whole Loan can be defeased at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 29 payment dates beginning with and including the first payment date of June 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 29 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 6 – Global Data Center – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) September 11, 2022. The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of September 11, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 26 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 23 – Gatlin Retail Portfolio – The Whole Loan can be defeased at any time after the date that is the two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 29 – Landing at Fancher Creek – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 11, 2023. The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of October 11, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

 

Loan No. 33 – Courtyard by Marriott Secaucus – The Whole Loan can be defeased at any time after the date that is the two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of November 6, 2019. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2019-C17 securitization closing date in October 2019. The actual lockout period may be longer.

 

 

(6)

Loan Nos. 1, 4, 7, 18, 26, 31 and 39 – Grand Canal Shoppes, Phoenix Industrial Portfolio I, Waramaug Florida Hotel Portfolio, CIRE Equity Retail & Industrial Portfolio, Maui Portfolio, Howell Industrial Portfolio and New Hampshire Self Storage Portfolio – The related borrower may obtain the release of a portion of the related Mortgaged Property, subject to the satisfaction of conditions set forth in the related Mortgage Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus.

 

 

(7)

Loan No. 4 – Phoenix Industrial Portfolio I – A portion of the St Francis Mortgaged Property is subject to two ground leases. Nova Wildcat Shur-Line LLC, the sole tenant of the 300,230 SF building located at the 4051 South Iowa Avenue premises of such Mortgaged Property subleases the approximately 2.9 acres parking lot ground lease from the borrower for overflow parking. The parking lot ground lease commenced on November 1, 1992 and expires on December 31, 2066, inclusive of all options, with 12.0% increases in 2020, 2023, 2029, 2032, 2038, 2041, 2047, 2050, 2056, 2059 and 2065. Manesis 3 PL LLC, the sole tenant of the 98,757 SF building located at the 4120 South Kansas Avenue premises of such Mortgaged Property, subleases the approximately 6.7-acre parcel ground lease from the borrower and in turn subleases it to Caterpillar Global Mining LLC pursuant to a sublease that is coterminous with the ground lease expiring on December 1, 2066, inclusive of all options. The ground lease provides for 12.0% increases in 2024, 2027, 2033, 2036, 2042, 2045, 2051, 2054, 2060 and 2063.

 

 

 

Loan No. 17 – Smoke Tree Village and Smoke Tree Commons – The Mortgaged Properties are subject to three ground leases with Smoke Tree, Inc., as the ground lessor. The Smoke Tree Village Mortgaged Property is subject to a ground lease dated as of January 7, 2004 that has an expiration of February 1, 2054 with one 15-year renewal option; the current annual rent due under the ground lease is approximately $485,445. The Smoke Tree Commons Mortgaged Property is subject to a ground lease dated as of July 11, 2006 that has an expiration of July 31, 2071 with no renewal option. A former Coco’s premises ground lease at the Smoke Tree Commons Mortgaged Property has an expiration date of December 31, 2053 with three five-year renewal options and one two-year-seven-month renewal option. The current annual ground rent of the Smoke Tree Commons Mortgaged Property and former Coco’s premises is approximately $746,240.

 

 

 

Loan No. 24 – Ambler Yards – The borrower sponsors entered into a 99-year ground lease with BASF in June 2015 where the borrower sponsors’ ground rent for the leasehold estate is approximately $1.4 million to be paid in three equal payments of $468,750 to the ground lessor. The payments were made in three installments that occurred from June 2016 to June 2018. The borrower sponsors will not make any additional ground rent payments throughout the remaining 96-year term of the ground lease. BASF is responsible for remediation work necessary to secure regulatory approval under Pennsylvania law in connection with certain hazardous substances resulting from preexisting environmental conditions. Because BASF is responsible for all remediation work, BASF has retained ownership of the fee estate for the duration of the remediation and conveyed the leasehold estate to the borrower sponsors’ predecessor in interest. BASF is entirely responsible for environmental liability, providing a full environmental indemnity in the ground lease agreement. All costs and expenses associated with the environmental condition will be paid by BASF as a function of the Mortgaged Property’s prior use before the borrower sponsors took possession of the leasehold interest. In order to receive Act 2 release of liability for groundwater, there will be ongoing ground water monitoring. Once all environmental issues are fully resolved, and upon BASF’s receipt of

 

A-1-30 

 

 

 regulatory approval in confirmation of all environmental cleanup, BASF has the right to cause the borrower sponsors to take title to the fee estate for $1.

 

 

 

Loan No. 33 – Courtyard by Marriott Secaucus – The Mortgaged Property is subject to a ground lease with HMGL LLC, as the ground lessor, dated April 1, 1986 that has an expiration date of June 28, 2037, subject to four extension periods of 10 years each and a fifth extension period expiring March 31, 2085, where (x) the current annual fixed rent due under the ground lease is approximately $366,211, which is subject to an upward increase of 25.0% every five years, with the next increase due in June 2022 and (y) the current percentage rent is 3.125% of gross room revenues at the related Mortgaged Property.

 

 

(8)

Loan No. 6 – Global Data Center – The sole tenant at the Mortgaged Property, Flexential Corp., is affiliated with the borrower sponsor.

 

 

 

Loan No. 14 – The Black Building – The largest tenant at the Mortgaged Property, Verdure, and the third largest tenant at the Mortgaged Property, P Dub Land Holdings, along with five additional tenants, are borrower sponsor affiliated entities. The above mentioned borrower sponsor affiliated leases are guaranteed by the borrower sponsor and P Dub Land Holdings, which are required to maintain a combined liquidity of $3,000,000 until the Mortgage Loan is paid in full.

 

 

(9)

Loan No. 2 – Phoenix Industrial Portfolio II – The largest tenant at the Huntsville Mortgaged Property, Boneal Aerospace, Inc., may terminate its lease effective February 29, 2020 with written notice on or before November 30, 2019 and paying an early termination fee of $111,462. The landlord and the third largest tenant at the Huntsville Mortgaged Property, Custom Assembly, Inc, have a mutual right of termination under the related lease with 30 days’ notice with no termination fee. Staples Contract & Commercial at the Beloit Mortgaged Property has exercised its termination option effective April 30, 2020. The 136,600 SF associated with such tenant was underwritten as vacant.

 

 

 

Loan No. 4 – Phoenix Industrial Portfolio I – The largest tenant at the Emerson Mortgaged Property, Vilter Manufacturing LLC, may terminate its lease effective July 31, 2024 with written notice on or before January 31, 2024 with no termination fee. The largest tenant at the St Francis Mortgaged Property, Nova Wildcat Shur-Line LLC, may terminate its lease effective December 31, 2021 with written notice on or before July 4, 2021 and payment of six months’ base rent and any outstanding amounts due under the lease.

 

 

 

Loan No. 8 – The Chantilly Office Portfolio – The third largest tenant at the Stoneleigh II Mortgaged Property, Johnson McLamb CASE Solutions, Inc., has a one-time right to terminate its lease effective January 15, 2021 with nine months’ notice and payment of any unamortized tenant improvements and leasing commissions. The fourth largest tenant at the Glenview II Mortgaged Property, Omniplex World Services, has exercised its termination option effective February 29, 2020. Excluding this space, the Glenview II Mortgaged Property is 81.9% occupied.

 

 

 

Loan No. 22 – Gateway Tower – The largest tenant at the Mortgaged Property, KMOV-TV, Inc., may terminate its lease effective December 2023, with 12-months’ written notice with a termination fee equal to the sum of three months’ basic rent and additional rent payable for October, November and December 2023 plus unamortized tenant improvements, legal fees, commissions and concessions.

 

 

 

Loan No. 34 – Meidinger Tower – The third largest tenant at the Mortgaged Property, Cotiviti Healthcare, has a one-time contraction option in its lease which allows such tenant to reduce the size of its premises by removing the reduction space further detailed in its lease from its premises with 180 days’ notice and payment of any unamortized tenant improvements and leasing commissions with respect to the portion of its premises subject to the reduction right. The fourth largest tenant at the Mortgaged Property, River Road Asset Management, LLC, has the right to terminate its lease at any time with 150 days’ notice and payment of any unamortized tenant improvements and leasing commissions.

 

 

 

Loan No. 38 – Corporate Place – The third largest tenant at the Mortgaged Property, Coram Healthcare, may terminate its lease as of January 31, 2024 upon providing written notice by January 31, 2023.

 

 

 

Loan No. 45 – Indian Lake West Plaza – The fourth largest tenant at the Mortgaged Property, FitRev Gym, approached the borrower on September 11, 2019 to discuss a lease modification to be effective on November 1, 2019, including (i) reduction of occupied space from 8,240 SF to 4,800 SF and of annual rent from $164,800 to $96,000, and (ii) a termination option for such tenant at any time after November 1, 2019 by providing 90 days’ prior written notice. The tenant is surrendering $90,000 of its security deposit, which will be deposited into the TI/LC reserve account. The underwriting assumes the lease modification is in effect.

 

 

 

Loan No. 52 – Northern Hills Shopping Center – The fifth largest tenant at the Mortgaged Property, Mariner Finance, may cancel the lease at any time upon payment of a termination fee equal to six months of base rent plus unamortized commissions and tenant allowance amortized on a straight line basis over the initial five-year lease term.

 

 

 

Loan No. 53 – Webb’s Plaza – The second largest tenant at the Mortgaged Property, Family Dollar, has the right to terminate the lease anytime by providing 180 days’ prior written notice.

 

A-1-31 

 

 

Loan No. 59 – Military Plaza – The third largest tenant at the Mortgaged Property, Harbor Freight Tool, has the right to terminate its lease on May 31, 2022, by providing notice at any time prior to November 30, 2021 and reimbursing the landlord for (i) 50.0% of the brokerage commission, and (ii) $75,000 (representing 50.0% of the tenant allowance).

 

 

 

Loan No. 65 – Ludington Retail Center – The second largest tenant at the Mortgaged Property, Harbor Freight Tools, has a one-time right to terminate its lease as of July 31, 2023 with written notice at any time prior to January 31, 2023. If such tenant provides written notice, the lease will terminate effective as of the date that Harbor Freight Tools delivers 50.0% of the brokerage commission and 50.0% of the tenant improvement and leasing commission to the landlord, but no earlier than July 31, 2023.

 

 

(10)

Loan No. 2 – Phoenix Industrial Portfolio II – The largest tenant at the DuBois Mortgaged Property, DuBois Logistics, LLC, subleases an immaterial amount of space to Ryder Truck Rental, Inc. for $1.00 per year.

 

 

 

Loan No. 6 – Global Data Center – The sole tenant at the Mortgaged Property, Flexential Corp., subleases 20,000 SF of its space on the first and second floor to GlaxoSmithKline at $27.03 PSF in the current year of the term.

 

 

(11)

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

 

 

 

Loan No. 3 – 600 & 620 National Avenue – The sole tenant at the Mortgaged Property, Google, has executed its lease and is paying full, unabated rent but its build out is not expected to be completed until the third quarter of 2020. A reserve for all outstanding tenant improvements was taken at origination.

 

 

 

Loan No. 8 – The Chantilly Office Portfolio – The second largest tenant at the Glenview I Mortgaged Property, Tetra Tech, Inc., has executed a lease to occupy 20,020 SF with five months of rent abatement, but is not yet occupying its space. The borrower sponsor expects the tenant to take occupancy of the space on September 23, 2019.

 

 

 

Loan No. 9 – Fresenius Salt Lake – The fourth largest tenant at the Mortgaged Property, Utah Vascular Clinic, has a signed lease and is paying rent, but is not yet in occupancy.

 

 

 

Loan No. 11 – Nostrand Place – The largest tenant at the Mortgaged Property, Silver Star, has a signed lease and is in occupancy except with respect to an approximately 3,617 SF expansion space. The tenant under the related lease is currently paying full rent for the portion of the space it currently occupies, but is not yet in possession of, or paying rent with respect to, the expansion space. With respect to the expansion space, the tenant is obligated to commence payment of rent with respect to the related space five months after the date on which the lender obtains certain required building permits for expansion space at the related Mortgaged Property.

 

 

 

Loan No. 24 – Ambler Yards – The fifth largest tenant at the Mortgaged Property, Phenom People, currently occupies 12,639 SF through April 1, 2026 and executed a lease to expand its space by 5,050 SF. The borrower sponsor expects the tenant to take occupancy of the expansion space at the end of September 2019. At origination, the borrower deposited $20,475 and $385,961 into a free rent reserve and TI/LC reserve, respectively, for such tenant.

 

 

 

Loan No. 48 – 87 East 4th Street – The largest tenant at the Mortgaged Property, Sentio – Matthew Kenney, has a signed lease and is paying rent, but is not yet in occupancy.

 

 

 

Loan No. 49 – Norman’s Crossing – The third largest tenant at the Mortgaged Property, Chase Bank, is currently not in occupancy and in the process of building out its space. Chase Bank is expected to open for business in September 2019 with ground rent payments commencing in October 2019.

 

 

(12)

Loan No. 20 – Hudson River Hotel – The borrower deposited $100,000 at origination into a seasonality reserve. Ongoing seasonality payments from October 2019 to December 2019 of $30,000 are required to be deposited on each payment date until the seasonality reserve cap of $151,000 is reached. Commencing in April 2020 and throughout the term of the Mortgage Loan, on each monthly payment a seasonality deposit of $21,571 is required to be deposited from April to October. In months where there is an expected shortfall, seasonality reserves can be drawn.

 

 

 

Loan No. 28 – Comfort Inn & Suites - Seattle – The borrower deposited $300,000 at origination into a seasonality reserve. Ongoing seasonality payments will be deposited monthly on each payment date occurring during the period between April and September.

 

 

 

Loan No. 36 – Staybridge Suites Benton Harbor – The borrower deposited $85,500 at origination into a seasonality reserve. Commencing in August 2020 and throughout the term of the Mortgage Loan, on each monthly payment date in August and September, the borrower is obligated to deposit the lesser of (x) $42,750 and (y) the amount which would increase the balance of the related seasonality reserve to $85,500.

 

 

 

Loan No. 40 – Springhill Suites Auburn Hills – While no seasonality reserve is currently required with respect to the Mortgage Loan, the lender is entitled in its reasonable judgement to require the establishment of a seasonality reserve and at such time establish the amount and timing of deposits into such reserve.

 

A-1-32 

 

(13)

Loan No. 2 – Phoenix Industrial Portfolio II – The monthly TI/LC reserve is $199,221 on each monthly payment date through and including October 6, 2020 and is $49,805 on each monthly payment date thereafter, subject to a cap of $1,500,000.

 

 

 

Loan No. 10 – Centrepointe Plaza – The borrower is required to make monthly TI/LC deposits of $25,000 until July 6, 2021.

 

 

 

Loan No. 19 – Courtyard by Marriott Mt. Juliet – A FF&E escrow based on 1/12th of 3.0% of the gross revenues of the prior calendar year will be required on all payment dates through and including October 1, 2020, and 1/12th of 4.0% of the gross revenues of the prior calendar year thereafter.

 

 

 

Loan No. 42 – Best Western El Grande Inn – A FF&E escrow based on 1/12th of 3.0% of the gross revenues of the prior calendar year will be required on all payment dates through and including October 1, 2021, and 1/12th of 4.0% of the gross revenues of the prior calendar year thereafter.

 

 

(14)

Loan No. 2 – Phoenix Industrial Portfolio II – The ESA for the Huntsville Mortgaged Property noted a historical recognized environmental condition due to the location of two ground water monitoring wells on the site. The borrower escrowed $15,000 at origination to fund the estimated cost to remove the two ground water monitoring wells. The ESA for the DuBois Mortgaged Property noted a historical recognized environmental condition due to two 6,000-gallon diesel fuel USTs and one 2,000-gallon gasoline UST being removed in 1988. There are no remaining risks associated with the historical recognized environmental condition that require further action or mitigation. The ESA for the Jefferson Mortgaged Property noted a spill occurred on December 16, 2008, which was resolved on July 21, 2009 resulting in adding it to the state hazardous waste site database. There are no remaining risks associated with the historical recognized environmental condition that require further action or mitigation.

 

 

 

Loan No. 3 – 600 & 620 National Avenue – The Mortgaged Property is included within a Superfund Site that is being actively remediated, and, while mitigation measures have been incorporated into the design and construction of the improvements, Google’s lease provides for tenant remedies, including lease termination, if conditions are determined by governmental order to be hazardous to human health.

 

 

 

Loan No. 11 – Nostrand Place – The ESA for the Mortgaged Property identified three historical dry cleaners that appear to have been located at an adjacent property. Additionally, the soil and groundwater at the Mortgaged Property have been identified to contain PCE and TCE. Approximately 150.0% of the estimated cost to remediate was reserved at the origination for the purpose of remediation.

 

 

 

Loan No. 15 – 10-12 Celina Avenue – A Phase II investigation comprised of soil sampling was recommended after a Phase I ESA identified significant staining, including stained soil and asphalt, on the truck lot on the northern portion of the Mortgaged Property. The United States Postal Service had been conducting vehicle fueling operations in this area using a box truck with fuel tanks, which had resulted in chronic releases of fuel to the ground surface. As part of the Phase II investigation, the environmental engineer analyzed a composite sample from four soil borings for total petroleum hydrocarbons, volatile organic compounds, semi-volatile organic compounds, polychlorinated biphenyls, and metals. No contaminants of concern were identified above applicable New Hampshire regulatory standards; however, the environmental engineer advised that because a composite sample was analyzed, the results were biased low, and analysis of the individual samples would have likely yielded higher results. The environmental engineer estimated that the unpaved stained area was 375 SF in size and observed soil impacts at depths of 2 to 4 feet below ground surface in its soil borings. The environmental engineer recommended cessation of onsite vehicle fueling operations and excavation and offsite disposal of impacted soil. On July 12, 2019, approximately 85.74 tons of visually impacted soil was excavated from the Mortgaged Property. None of the five confirmatory samples that were collected from the area after the excavation was completed contained any of the above-mentioned contaminants above laboratory detection limits, indicating that the impacted soils were removed from the Mortgaged Property. The excavated area was backfilled with certified clean fill material. Based on the removal of the impacted soils and the results of the confirmatory sampling, the environmental engineer concluded that the previous stained soils represented a historical recognized environmental condition only, and no further investigation was recommended.

 

 

(15)

Loan No. 4 – Phoenix Industrial Portfolio I – The ESA for each of the Emerson and St Francis Mortgaged Properties noted recognized environmental conditions related to soil contamination at respectively, such Mortgaged Property. At origination, the borrower sponsor provided an environmental insurance policy issued by Beazley Eclipse for a 10-year policy term with combined coverage of $3,000,000 and a deductible of $250,000 naming the lender as an additional insured party.

 

 

 

Loan No. 12 – Chelmsford MHC – There was a release of approximately 150 gallons of heating / kerosene oil at one of the pad sites in March 2019 due to small holes in the bottom of the pad site’s above-ground storage tank. The release was reported to the Town of Chelmsford as required and the borrower was in the process of having the contaminated soils removed. Additional sampling will be conducted for a year after soil removal. The environmental engineering company working on remediation estimated the cost of remediation and future monitoring in the range of $115,386-$117,386. The borrower submitted a claim under its environmental insurance policy and the insurer acknowledged coverage. The policy carries a $100,000 deductible and borrower had, at time of origination, previously expended $26,000 and therefore had a remaining deductible obligation of $74,000, which sum was reserved by the lender at origination. The lender is named as an additional insured under the borrower’s environmental insurance policy.

 

 

 

Loan No. 24 – Ambler Yards – The ESA noted a recognized environmental concern related to groundwater contamination caused by historical chemical manufacturing operations of American Chemical Paint Company, the prior occupant of the Mortgaged Property. Pursuant to the related ground lease, the ground lessor is responsible for the required cleanup, and

 

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provides full environmental indemnity to the borrower. Under the ground lease, the Mortgaged Property may not be used for residential purposes. At origination, the borrower sponsors obtained an environmental insurance policy from Great American Insurance Company with combined single limits of $2,000,000, a deductible of $50,000 and a term expiring on May 9, 2032. Great American Insurance Company is rated “A+” by S&P.

 

 

 

Loan No. 46 – El Segundo Plaza – The ESA for the Mortgaged Property noted a recognized environmental concern related to a dry cleaner which operated at 243 Main Street from 1984 through approximately 2009. At origination, the borrower (i) provided an environmental insurance policy issued by Beazley Eclipse for a 121-month policy term with combined coverage of $1,000,000 and a deductible of $50,000 naming the lender as an additional insured party, which will remain in place through the life of the Mortgage Loan and (ii) funded $25,132 in an environmental reserve to cover the potential cost of an additional three years of coverage beyond the loan maturity date.

 

 

 

Loan Nos. 50 and 56 – Windsor Park Apartments and Nut Tree 1670 – In lieu of obtaining a Phase I ESA, the lender obtained a $5,250,000 group lender environmental collateral protection and liability-type environmental insurance policy with a $5,250,000 sublimit per claim from Steadfast Insurance Company, a member company of Zurich North America with a 10-year term (equal to the loan term) and a three-year policy tail and having no deductible. The policy premium was pre-paid at origination. Zurich North America has an S&P rating of “AA-”.

 

 

 

Loan No. 53 – Webb’s Plaza – There were two gasoline stations at 300 9th Street South (1933-1972) and 320 9th Street South (1933-1942), two service stations/auto repair facilities at 350 9th Avenue South (1933) and 352 9th Avenue South (1948 -1962), and two auto repair facilities at 302 9th Street South (1933) and 300 3rd Avenue South (1948); however, no information pertaining to the installation or removal of potential automobile lifts or underground storage tanks was available. After origination, the borrower purchased an environmental insurance policy in the amount of $1.0 million.

 

 

 

Loan No. 60 – Ashgrove Apartments – The Mortgaged Property has been impacted by an off-site release of chlorinated solvents from a former up-gradient dry cleaner located at the adjacent Eagle Rockbridge Shopping Center (4450 Rockbridge Road). The environmental consultant considered the impacts from this off-site dry cleaning release to represent a recognized environmental condition. The release source has been confirmed as the off-site dry cleaning facility, and the borrower is not considered a responsible party. Semi-annual monitoring continues to be completed under the regulatory oversight of the Georgia Environmental Protection Division. No additional sites of concern were identified in the regulatory database report, based on relative distance and/or regulatory status. After origination, the borrower obtained an environmental insurance policy with a coverage amount of $1.0 million.

 

 

(16)

For more information, see “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the preliminary prospectus.

 

 

(17)

Loan No. 16 – SpringHill Suites Corona Riverside – The borrower is required to deposit $48,699 to the PIP reserve on or before August 1, 2023.

 

 

(18)

Loan No. 5 – 10000 Santa Monica Boulevard – Once the capital expense cap of $250,000 is reached, to the extent a monthly deposit would result in the aggregate amount of capital expense funds exceeding the $250,000 capital expense cap, such monthly deposit will be decreased by an amount equal to such excess and be less than $81,711 in the aggregate and, accordingly, to the extent the aggregate amount of capital expense funds is less than the $81,711 capital expense minimum amount, such monthly deposit will be increased by an amount equal to such deficiency.

 

 

 

Loan No. 20 – Hudson River Hotel – On each monthly payment date, the borrower is required to deposit for annual FF&E work 1/12th of 4.0% of annual gross revenues calculated as of the end of the most recent calendar quarter.

 

 

(19)

Loan No. 5 – 10000 Santa Monica Boulevard – Sonny Kahn, solely in his capacity as trustee of the SK Business Trust, Russell Galbut, solely in his capacity as trustee of the RF Business Trust, and Bruce A. Menin, solely in his capacity as trustee of the Menin 1998 Business Trust (and, together with Sonny Kahn and Russell Galbut, the “Individual Trustees”) (each a “Guarantor”, and collectively, the “Guarantor”), are collectively the non-recourse carveout guarantor. Pursuant to the Guaranty Agreement dated April 12, 2019 (the “Guaranty”), by Sonny Kahn, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely in his capacity as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003, Russell Galbut, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely in his capacity as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009 and Bruce A. Menin, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely in his capacity as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009, the Guarantor agreed to irrevocably and unconditionally guaranty to the loan seller, and its successors and assigns, the payment and performance of (i) the borrower’s recourse liabilities under the Mortgage Loan documents and (ii) from and after the date that any springing recourse event occurs, payment of all amounts due under the Mortgage Loan documents.

In the event that the trust for whom an Individual Trustee is acting as trustee is (a) voluntarily revoked, terminated or otherwise voluntarily ceases to exist, then such Individual Trustee will have personal liability under the guaranty and will become a carve-out guarantor under the Guaranty or (b) involuntarily revoked, terminated or otherwise ceases to exist (involuntarily or by operation of law), then such Individual Trustee will have personal liability under the Guaranty and will become a carve-out guarantor under the Guaranty; provided, however, in such event, the liability of such Individual Trustee may not exceed the sum of the assets of the trust estate received by such Individual Guarantor plus any assets to which such Individual Trustee would have been entitled but for such revocation, termination or cessation of existence. At such time, such Individual Trustee

 

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will be required to provide financial statements to the lender that are true and correct in all material respects and fairly present the financial condition of such Individual Trustee as of such date.

 

 

 

Loan No. 24 – Ambler Yards – The Mortgaged Property is subject to a land development agreement with Lower Gwynedd Township, which requires as a condition of granting zoning approval for the related borrower sponsors’ redevelopment plan for the Mortgaged Property. The borrower sponsors posted an approximately $1.4 million standby letter of credit, collateralized by an escrow account with Firstrust Bank, to cover the anticipated costs of site work in connection to the land development agreement. As of origination, approximately $430,000 of the $1.4 million escrow had been drawn down for work completed. The remainder of the site work is expected to be completed in 2019. The lender has oversight of the remaining distributions from the escrow pursuant to a tri-party agreement the lender entered into at origination with the borrower and Firstrust Bank. The Mortgage Loan documents provide recourse to the guarantor and borrower for any violation or breach of the agreement or the master plan or the failure to complete the work required thereunder.

 

 

 

Loan No. 26 – Maui Portfolio – The Mortgage Loan closed with a preferred debt investor in the joint venture that is the sole member of each borrower. The preferred equity interest is equal to approximately $4.75 million and has a preferred rate of return of 10.5% per annum, with a current pay rate of 8% per annum (with deferral of the excess 2.5% permitted if distributable cash flow is insufficient to pay the full preferred return in such month and the remainder accruing and payable at maturity of the preferred equity). Additionally, there is a required quarterly redemption of the preferred equity interest which is equal to $296,875. The preferred equity interest is guaranteed by the borrower sponsor and has a term of four years, with no extension options.

 

 

(20)

Loan No. 32 – Pikeville Commons – The Number of Units includes 116 multifamily units. The Mortgaged Property also includes 31,475 SF of commercial space, accounting for approximately 31.7% of total income.

 

 

 

Loan No. 48 – 87 East 4th Street – The Number of Units includes eight multifamily units (60.1% of total underwritten income). The Mortgaged Property also includes 1,669 SF of commercial space, accounting for approximately 39.9% of total underwritten income.

 

 

(21)

Loan No. 32 – Pikeville Commons – The most recent financials are as of TTM 7/31/2019, include T-1 annualized for the residential portion and TTM for the retail portion.

 

 

(22)

Loan No. 49 – Norman’s Crossing – The third largest tenant at the Mortgaged Property, Chase Bank, ground leases approximately 0.6 acres of the Mortgaged Property from the borrower. The 20-year ground lease commenced in January 2018 and expires in December 2038 with an initial annual rent of $160,000, which increases to $176,000 in 2023, $193,600 in 2028, and to $212,960 in 2033. Rent commencement is no later than October 16, 2019. The ground lease has four 5-year renewal options and no termination options.

 

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