FWP 1 n2255-x2_anxa1.htm FREE WRITING PROSPECTUS

  

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226943-07
     

 

     
 

Benchmark 2020-B18

 

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226943) 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 Securities and Exchange Commission 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 Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. 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. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

This free writing prospectus does not contain all information that is required to be included in the prospectus.

 

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

 

This material is for your information, and none of Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., AmeriVet Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.

 

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the Benchmark 2020-B18 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2020-B18 (the "Offering Document").  The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document.  The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document.  The information contained herein will be more fully described elsewhere in the Offering Document.  The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

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 Underwriters or any of their respective affiliates makes 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.

 

This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

 

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

 

  
     

 

  

 

 

Benchmark 2020-B18                          
                                                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES                    
                                                 
      % of   Mortgage   Cut-off       General Detailed     Interest Original Remaining Original Remaining   First      
      Initial Pool # of Loan Original Date   Maturity   Property Property Interest Administrative Accrual Term to Term to Amortization Amortization Origination Payment Maturity ARD Loan Final
Loan ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(3)   or ARD Balance($)   Type Type Rate(5) Fee Rate(6) Basis Maturity or ARD(7) Maturity or ARD(7) Term Term Date Date(7) or ARD Date (Yes/No) Maturity Date
Loan 1 Agellan Portfolio(2)(32)(33) 8.0% 46 JPMCB 75,000,000 75,000,000   75,000,000   Various Various 4.6282% 0.01347% Actual/360 61 61 0 0 07/15/2020 08/07/2020 08/07/2025 No 08/07/2025
Property 1.01 Sarasota Distribution Hub 1.0% 1 JPMCB 9,452,233 9,452,233       Industrial Warehouse/Distribution                        
Property 1.02 Naperville Woods Office Center 1.0% 1 JPMCB 9,387,097 9,387,097       Office Suburban                        
Property 1.03 Southpark Business Park FOP 0.5% 1 JPMCB 4,762,407 4,762,407       Industrial Flex                        
Property 1.04 Supervalu 0.4% 1 JPMCB 3,593,672 3,593,672       Industrial Warehouse/Distribution                        
Property 1.05 Plainfield Business Center IV 0.4% 1 JPMCB 3,288,462 3,288,462       Industrial Warehouse/Distribution                        
Property 1.06 Beltway III 0.3% 1 JPMCB 2,743,176 2,743,176       Office CBD                        
Property 1.07 4405 Continental Dr 0.3% 1 JPMCB 2,558,933 2,558,933       Industrial Warehouse/Distribution                        
Property 1.08 Beltway IV 0.3% 1 JPMCB 2,346,774 2,346,774       Office CBD                        
Property 1.09 Sandy Plains Business Park 0.2% 1 JPMCB 2,169,975 2,169,975       Industrial Flex                        
Property 1.10 Coliseum Distribution Center #1 0.2% 1 JPMCB 2,142,060 2,142,060       Industrial Warehouse/Distribution                        
Property 1.11 Silber Industrial Park 0.2% 1 JPMCB 1,924,318 1,924,318       Industrial Warehouse/Distribution                        
Property 1.12 Southpark Business Park M 0.2% 1 JPMCB 1,786,600 1,786,600       Industrial Flex                        
Property 1.13 West by Northwest Business Blvd 0.2% 1 JPMCB 1,745,658 1,745,658       Industrial Flex                        
Property 1.14 Norcross Center 0.2% 1 JPMCB 1,678,660 1,678,660       Industrial Flex                        
Property 1.15 Goshen Springs 0.2% 1 JPMCB 1,459,057 1,459,057       Industrial Flex                        
Property 1.16 Long Point Center 0.2% 1 JPMCB 1,418,114 1,418,114       Industrial Warehouse/Distribution                        
Property 1.17 Corridor Park D 0.2% 1 JPMCB 1,405,087 1,405,087       Industrial Flex                        
Property 1.18 Southport 1-4 0.1% 1 JPMCB 1,364,144 1,364,144       Industrial Flex                        
Property 1.19 Jameel 0.1% 1 JPMCB 1,364,144 1,364,144       Industrial Flex                        
Property 1.20 Beltway II 0.1% 1 JPMCB 1,323,201 1,323,201       Office CBD                        
Property 1.21 Braker Center 4 0.1% 1 JPMCB 1,282,258 1,282,258       Industrial Flex                        
Property 1.22 Northgreen 1-4 0.1% 1 JPMCB 1,172,457 1,172,457       Industrial Flex                        
Property 1.23 Minimax 0.1% 1 JPMCB 1,105,459 1,105,459       Industrial Warehouse/Distribution                        
Property 1.24 Southpark Business Park E 0.1% 1 JPMCB 1,023,573 1,023,573       Industrial Flex                        
Property 1.25 9385 Washington Blvd 0.1% 1 JPMCB 995,658 995,658       Industrial Flex                        
Property 1.26 Rothway 0.1% 1 JPMCB 982,630 982,630       Industrial Flex                        
Property 1.27 2730 Pinnacle 0.1% 1 JPMCB 831,886 831,886       Industrial Warehouse/Distribution                        
Property 1.28 Columbus West - Interchange Rd 0.1% 1 JPMCB 770,471 770,471       Industrial Flex                        
Property 1.29 1346 Oakbrook Drive 0.1% 1 JPMCB 736,973 736,973       Industrial Flex                        
Property 1.30 1230-1236 Hardt Circle 0.1% 1 JPMCB 709,057 709,057       Industrial Warehouse/Distribution                        
Property 1.31 Pine Forest Business Park 0.1% 1 JPMCB 668,114 668,114       Industrial Warehouse/Distribution                        
Property 1.32 Rittiman East Industrial Park #23 & 24 0.1% 1 JPMCB 528,536 528,536       Industrial Flex                        
Property 1.33 1351 Oakbrook Drive 0.1% 1 JPMCB 524,814 524,814       Industrial Flex                        
Property 1.34 1325 Oakbrook Drive 0.1% 1 JPMCB 519,231 519,231       Industrial Flex                        
Property 1.35 490 Heartland Drive 0.1% 1 JPMCB 511,787 511,787       Industrial Warehouse/Distribution                        
Property 1.36 1265 Oakbrook Drive 0.1% 1 JPMCB 498,759 498,759       Industrial Flex                        
Property 1.37 Columbus West - Business Park 0.1% 1 JPMCB 478,288 478,288       Industrial Flex                        
Property 1.38 1155 Bowes Road 0.1% 1 JPMCB 470,844 470,844       Industrial Warehouse/Distribution                        
Property 1.39 1280 Oakbrook Drive 0.0% 1 JPMCB 463,400 463,400       Industrial Flex                        
Property 1.40 Cox Business Center 0.0% 1 JPMCB 457,816 457,816       Industrial Warehouse/Distribution                        
Property 1.41 2002 Bloomingdale 0.0% 1 JPMCB 416,873 416,873       Industrial Warehouse/Distribution                        
Property 1.42 333 Charles Court 0.0% 1 JPMCB 409,429 409,429       Industrial Warehouse/Distribution                        
Property 1.43 483 Heartland Drive 0.0% 1 JPMCB 409,429 409,429       Industrial Warehouse/Distribution                        
Property 1.44 1256 Oakbrook Drive 0.0% 1 JPMCB 401,985 401,985       Industrial Flex                        
Property 1.45 550 Heartland 0.0% 1 JPMCB 361,042 361,042       Industrial Warehouse                        
Property 1.46 Rittiman East Industrial Park #22 0.0% 1 JPMCB 355,459 355,459       Industrial Warehouse/Distribution                        
Loan 2 Moffett Towers Buildings A, B & C(2)(32) 8.0% 3 GSMC 75,000,000 75,000,000   75,000,000   Office Suburban 3.4900% 0.01347% Actual/360 120 115 0 0 02/06/2020 03/06/2020 02/06/2030 No 02/06/2030
Property 2.01 Moffett Towers Building A 2.5% 1 GSMC 23,376,623 23,376,623       Office Suburban                        
Property 2.02 Moffett Towers Building B 2.8% 1 GSMC 25,811,688 25,811,688       Office Suburban                        
Property 2.03 Moffett Towers Building C 2.8% 1 GSMC 25,811,688 25,811,688       Office Suburban                        
Loan 3 Tropical Distribution Center 8.0% 1 GSMC 75,000,000 75,000,000   75,000,000   Industrial Warehouse/Distribution 3.5930% 0.01347% Actual/360 120 120 0 0 07/01/2020 08/06/2020 07/06/2030 Yes 06/06/2034
Loan 4 BX Industrial Portfolio(2)(32) 7.5% 68 GACC 70,000,000 70,000,000   70,000,000   Various Various 3.5500% 0.01347% Actual/360 77 75 0 0 05/13/2020 06/09/2020 10/09/2026 No 10/09/2026
Property 4.01 Bridgewater Center 1 0.5% 1 GACC 4,759,353 4,759,353       Industrial Warehouse/Storage                        
Property 4.02 401 E Laraway Rd 0.3% 1 GACC 3,111,602 3,111,602       Industrial Warehouse/Distribution                        
Property 4.03 Rochelle 1 0.3% 1 GACC 2,545,187 2,545,187       Industrial Warehouse/Distribution                        
Property 4.04 350A Salem Church Rd 0.3% 1 GACC 2,427,491 2,427,491       Industrial Warehouse/Distribution                        
Property 4.05 Romeoville Bldg 1 0.2% 1 GACC 2,214,166 2,214,166       Industrial Warehouse/Distribution                        
Property 4.06 251 E Laraway Rd 0.2% 1 GACC 2,140,605 2,140,605       Industrial Warehouse/Distribution                        
Property 4.07 7940 Kentucky 0.2% 1 GACC 2,133,249 2,133,249       Industrial Flex                        
Property 4.08 Mountain Top Distribution Center 2 0.2% 1 GACC 1,772,804 1,772,804       Industrial Warehouse/Distribution                        
Property 4.09 Enterprise Parkway 0.2% 1 GACC 1,721,311 1,721,311       Industrial Flex                        
Property 4.10 Cavalier I 0.2% 1 GACC 1,699,243 1,699,243       Industrial Warehouse/Distribution                        
Property 4.11 1910 International 0.2% 1 GACC 1,530,055 1,530,055       Industrial Warehouse/Distribution                        
Property 4.12 Glen Dale 0.2% 1 GACC 1,412,358 1,412,358       Industrial Warehouse/Distribution                        
Property 4.13 Romeoville Bldg 2 0.1% 1 GACC 1,390,290 1,390,290       Industrial Warehouse/Distribution                        
Property 4.14 Enterprise Distribution Center 1 0.1% 1 GACC 1,287,306 1,287,306       Industrial Warehouse/Distribution                        
Property 4.15 2270 Woodale 0.1% 1 GACC 1,257,881 1,257,881       Industrial Warehouse                        
Property 4.16 2950 Lexington Ave South 0.1% 1 GACC 1,235,813 1,235,813       Industrial Warehouse/Storage                        
Property 4.17 Rivers Bend Center 1B 0.1% 1 GACC 1,228,457 1,228,457       Industrial Warehouse/Distribution                        
Property 4.18 DFW Logistics Center (Bldg 4) 0.1% 1 GACC 1,206,389 1,206,389       Industrial Warehouse/Distribution                        
Property 4.19 Rivers Bend Center 1C 0.1% 1 GACC 1,162,253 1,162,253       Industrial Flex                        
Property 4.20 Territorial 0.1% 1 GACC 1,140,185 1,140,185       Industrial Manufacturing                        
Property 4.21 Diamond Hill 2 0.1% 1 GACC 1,132,829 1,132,829       Industrial Warehouse/Distribution                        
Property 4.22 Rivers Bend Center 2A 0.1% 1 GACC 1,118,117 1,118,117       Industrial Warehouse/Distribution                        
Property 4.23 Rivers Bend Center 1A 0.1% 1 GACC 1,103,405 1,103,405       Industrial Flex                        
Property 4.24 Diamond Hill 3 0.1% 1 GACC 1,096,049 1,096,049       Industrial Warehouse/Distribution                        
Property 4.25 Whippany Business Center 1 0.1% 1 GACC 1,081,337 1,081,337       Industrial Warehouse                        
Property 4.26 The Colony Land 0.1% 1 GACC 1,044,557 1,044,557       Other Leased Fee                        
Property 4.27 Shawnee Distribution Center 1 0.1% 1 GACC 1,037,201 1,037,201       Industrial Warehouse/Distribution                        
Property 4.28 Rivers Bend Center 2B 0.1% 1 GACC 1,022,488 1,022,488       Industrial Warehouse/Distribution                        
Property 4.29 7930 Kentucky 0.1% 1 GACC 1,015,132 1,015,132       Industrial Warehouse/Distribution                        
Property 4.30 Dues Dr Distribution Center 1 0.1% 1 GACC 1,000,420 1,000,420       Industrial Warehouse/Distribution                        
Property 4.31 Gibraltar 0.1% 1 GACC 993,064 993,064       Industrial Manufacturing                        
Property 4.32 Diamond Hill 1 0.1% 1 GACC 993,064 993,064       Industrial Warehouse/Distribution                        

 

  

 

 

Benchmark 2020-B18                          
                                                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES                    
                                                 
      % of   Mortgage   Cut-off       General Detailed     Interest Original Remaining Original Remaining   First      
      Initial Pool # of Loan Original Date   Maturity   Property Property Interest Administrative Accrual Term to Term to Amortization Amortization Origination Payment Maturity ARD Loan Final
Loan ID Property Name Balance Properties Seller(1) Balance($)(3) Balance($)(3)   or ARD Balance($)   Type Type Rate(5) Fee Rate(6) Basis Maturity or ARD(7) Maturity or ARD(7) Term Term Date Date(7) or ARD Date (Yes/No) Maturity Date
Property 4.33 DFW Logistics Center (Bldg 3) 0.1% 1 GACC 993,064 993,064       Industrial Warehouse/Distribution                        
Property 4.34 Elk Grove Distribution Center 1 0.1% 1 GACC 963,640 963,640       Industrial Warehouse/Distribution                        
Property 4.35 1000 Lucas Way 0.1% 1 GACC 963,640 963,640       Industrial Warehouse/Distribution                        
Property 4.36 Lakeview 0.1% 1 GACC 956,284 956,284       Industrial Warehouse/Distribution                        
Property 4.37 DFW Logistics Center (Bldg 5) 0.1% 1 GACC 904,792 904,792       Industrial Warehouse/Distribution                        
Property 4.38 9756 International 0.1% 1 GACC 860,656 860,656       Industrial Warehouse/Distribution                        
Property 4.39 350B Salem Church Rd 0.1% 1 GACC 809,164 809,164       Industrial Warehouse/Distribution                        
Property 4.40 6105 Trenton Ln 0.1% 1 GACC 809,164 809,164       Industrial Warehouse/Distribution                        
Property 4.41 300 Salem Church Rd 0.1% 1 GACC 801,807 801,807       Industrial Warehouse/Distribution                        
Property 4.42 Tower 0.1% 1 GACC 794,451 794,451       Industrial Manufacturing                        
Property 4.43 1940 Fernbrook Ln 0.1% 1 GACC 794,451 794,451       Industrial Flex                        
Property 4.44 Production Distribution Center 1 0.1% 1 GACC 772,383 772,383       Industrial Warehouse/Distribution                        
Property 4.45 Culpeper 0.1% 1 GACC 765,027 765,027       Industrial Warehouse/Distribution                        
Property 4.46 Fairfield Distribution Center 1 0.1% 1 GACC 757,671 757,671       Industrial Warehouse/Distribution                        
Property 4.47 Cavalier II 0.1% 1 GACC 742,959 742,959       Industrial Warehouse/Distribution                        
Property 4.48 World Park II 0.1% 1 GACC 662,043 662,043       Industrial Warehouse/Distribution                        
Property 4.49 Diamond Hill 4 0.1% 1 GACC 647,331 647,331       Industrial Warehouse/Distribution                        
Property 4.50 2290-2298 Woodale 0.1% 1 GACC 603,195 603,195       Industrial Flex                        
Property 4.51 514 Butler Rd 0.1% 1 GACC 588,483 588,483       Office Suburban                        
Property 4.52 Northridge II 0.1% 1 GACC 559,058 559,058       Industrial Flex                        
Property 4.53 2222 Woodale 0.1% 1 GACC 536,990 536,990       Industrial Flex                        
Property 4.54 Northridge I 0.1% 1 GACC 514,922 514,922       Industrial Flex                        
Property 4.55 Romeoville Distribution Center 1 0.1% 1 GACC 485,498 485,498       Industrial Manufacturing                        
Property 4.56 1825 Airport Exchange 0.0% 1 GACC 441,362 441,362       Industrial Flex                        
Property 4.57 7453 Empire - Bldg C 0.0% 1 GACC 426,650 426,650       Industrial Warehouse/Distribution                        
Property 4.58 Rivers Bend Center 1D 0.0% 1 GACC 382,514 382,514       Industrial Flex                        
Property 4.59 Heathrow 0.0% 1 GACC 360,446 360,446       Industrial R&D/Flex                        
Property 4.60 2240-2250 Woodale 0.0% 1 GACC 308,953 308,953       Industrial Flex                        
Property 4.61 273 Industrial Way 0.0% 1 GACC 268,495 268,495       Other Leased Fee                        
Property 4.62 7453 Empire - Bldg B 0.0% 1 GACC 257,461 257,461       Industrial Warehouse/Distribution                        
Property 4.63 7453 Empire - Bldg A 0.0% 1 GACC 224,359 224,359       Industrial Warehouse/Distribution                        
Property 4.64 Rivers Bend Center - Land 0.0% 1 GACC 29,424 29,424       Other Leased Fee                        
Property 4.65 Production Distribution Center 1B 0.0% 1 GACC 0 0       Industrial Warehouse/Distribution                        
Property 4.66 Bridgewater Center 2 0.0% 1 GACC 0 0       Industrial Warehouse/Storage                        
Property 4.67 Laraway Land 1 0.0% 1 GACC 0 0       Other Leased Fee                        
Property 4.68 Laraway Land 2 0.0% 1 GACC 0 0       Other Leased Fee                        
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34) 7.0% 2 CREFI/GACC 65,000,000 65,000,000   65,000,000   Hospitality Full Service 3.5580% 0.01285% Actual/360 120 116 0 0 02/14/2020 04/05/2020 03/05/2030 Yes 03/05/2032
Property 5.01 MGM Grand 3.8% 1 CREFI/GACC 35,425,000 35,425,000       Hospitality Full Service                        
Property 5.02 Mandalay Bay 3.2% 1 CREFI/GACC 29,575,000 29,575,000       Hospitality Full Service                        
Loan 6 1633 Broadway(2)(32)(34) 6.7% 1 GACC/JPMCB 62,850,000 62,850,000   62,850,000   Office CBD 2.9900% 0.01347% Actual/360 120 113 0 0 11/25/2019 01/06/2020 12/06/2029 No 12/06/2029
Loan 7 711 Fifth Avenue(2)(34) 4.8% 1 GSMC 45,000,000 45,000,000   45,000,000   Mixed Use Office/Retail 3.1600% 0.01472% Actual/360 120 116 0 0 03/06/2020 04/06/2020 03/06/2030 No 03/06/2030
Loan 8 280 North Bernardo(2) 4.3% 1 GACC 40,000,000 40,000,000   40,000,000   Office Suburban 3.9500% 0.01347% Actual/360 120 120 0 0 06/29/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 9 420 Taylor Street(2) 4.1% 1 JPMCB/CREFI 38,000,000 38,000,000   34,337,262   Office CBD 3.7500% 0.01347% Actual/360 121 121 360 360 07/07/2020 08/06/2020 08/06/2030 No 08/06/2030
Loan 10 3000 Post Oak(2)(33) 3.7% 1 JPMCB 35,000,000 35,000,000   35,000,000   Office CBD 4.9875% 0.01847% Actual/360 60 56 0 0 02/06/2020 04/01/2020 03/01/2025 No 03/01/2025
Loan 11 Chase Center Tower I(2)(32) 1.9% 1 JPMCB 18,213,750 18,213,750   18,213,750   Office CBD 3.5219% 0.01347% Actual/360 59 56 0 0 03/12/2020 05/10/2020 03/10/2025 No 03/10/2025
Loan 12 Chase Center Tower II(2)(32) 1.7% 1 JPMCB 15,536,250 15,536,250   15,536,250   Office CBD 3.5222% 0.01347% Actual/360 59 56 0 0 03/12/2020 05/10/2020 03/10/2025 No 03/10/2025
Loan 13 Brass Professional Center(2) 3.5% 1 GSMC 32,700,000 32,700,000   27,404,688   Office Suburban 4.7500% 0.03222% Actual/360 121 121 360 360 07/10/2020 08/06/2020 08/06/2030 No 08/06/2030
Loan 14 Flushing Commons(35) 3.0% 1 CREFI 28,000,000 28,000,000   28,000,000   Retail Unanchored 3.4500% 0.01347% Actual/360 120 116 0 0 02/27/2020 04/06/2020 03/06/2030 No 03/06/2030
Loan 15 Apollo Education Group HQ Campus(2) 2.8% 1 JPMCB 26,500,000 26,500,000   26,500,000   Office Suburban 3.3500% 0.01347% Actual/360 60 55 0 0 01/31/2020 03/05/2020 02/05/2025 No 02/05/2025
Loan 16 Bellagio Hotel and Casino(2)(32)(34) 2.3% 1 JPMCB 21,250,000 21,250,000   21,250,000   Hospitality Full Service 3.1702% 0.01347% Actual/360 120 113 0 0 11/15/2019 01/05/2020 12/05/2029 No 12/05/2029
Loan 17 Southcenter Mall(2) 2.1% 1 GACC 20,000,000 20,000,000   20,000,000   Retail Super Regional Mall 2.8800% 0.01472% Actual/360 120 114 0 0 12/11/2019 02/01/2020 01/01/2030 No 01/01/2030
Loan 18 CityLine Augusta Portfolio 2.1% 2 CREFI 19,700,000 19,700,000   19,700,000   Self Storage Self Storage 4.3850% 0.01347% Actual/360 121 121 0 0 07/07/2020 08/06/2020 08/06/2030 No 08/06/2030
Property 18.01 Belair Dyess Self Storage 1.1% 1 CREFI 10,200,000 10,200,000       Self Storage Self Storage                        
Property 18.02 Wheeler Self Storage 1.0% 1 CREFI 9,500,000 9,500,000       Self Storage Self Storage                        
Loan 19 364 Lincoln(29) 1.9% 1 JPMCB 18,000,000 18,000,000   18,000,000   Multifamily Mid Rise 4.1500% 0.01347% Actual/360 120 120 0 0 06/30/2020 08/01/2020 07/01/2030 No 07/01/2030
Loan 20 Jasmine Cove(34) 1.6% 1 JPMCB 15,000,000 15,000,000   13,611,011   Multifamily Garden 3.9900% 0.05347% Actual/360 120 120 360 360 06/18/2020 08/01/2020 07/01/2030 No 07/01/2030
Loan 21 Battery Park Lofts 1.5% 1 GACC 14,200,000 14,200,000   11,672,932   Multifamily Mid Rise 4.1200% 0.01347% Actual/360 120 120 360 360 06/29/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 22 Kings Plaza(2)(33)(35) 1.5% 1 JPMCB 14,108,108 14,108,108   14,108,108   Retail Super Regional Mall 3.3588% 0.01347% Actual/360 120 114 0 0 12/03/2019 02/01/2020 01/01/2030 No 01/01/2030
Loan 23 84 14th Street 1.3% 1 CREFI 12,300,000 12,300,000   12,300,000   Office CBD 4.2300% 0.01347% Actual/360 120 120 0 0 06/26/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 24 Edge 32 Apartments 1.1% 1 GACC 10,000,000 10,000,000   8,228,201   Multifamily Mid Rise 4.1500% 0.01347% Actual/360 120 120 360 360 06/30/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 25 Cambridge Club Apartments(29) 1.1% 1 CREFI 10,000,000 10,000,000   10,000,000   Multifamily Garden 4.3000% 0.01347% Actual/360 120 120 0 0 07/01/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 26 1725 N Commerce Parkway 1.0% 1 CREFI 9,250,000 9,250,000   9,250,000   Office Suburban 3.7800% 0.01347% Actual/360 120 120 0 0 06/26/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 27 CityLine Hattiesburg 0.9% 1 CREFI 8,280,000 8,280,000   7,214,600   Self Storage Self Storage 4.3000% 0.01347% Actual/360 121 121 360 360 07/10/2020 08/06/2020 08/06/2030 No 08/06/2030
Loan 28 OrthoSouth 0.8% 2 CREFI 7,600,000 7,600,000   6,429,410   Office Medical 4.1500% 0.01347% Actual/360 121 121 360 360 07/07/2020 08/06/2020 08/06/2030 No 08/06/2030
Property 28.01 Primary Parkway 0.5% 1 CREFI 4,500,000 4,500,000       Office Medical                        
Property 28.02 Southaven 0.3% 1 CREFI 3,100,000 3,100,000       Office Medical                        
Loan 29 Strathmore Apartments 0.8% 1 GACC 7,300,000 7,300,000   7,300,000   Multifamily Garden 3.7900% 0.01347% Actual/360 120 120 0 0 07/01/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 30 630 W Lake 0.7% 1 CREFI 6,720,000 6,720,000   6,720,000   Mixed Use Multifamily/Retail 3.6800% 0.06222% Actual/360 120 117 0 0 03/09/2020 05/06/2020 04/06/2030 No 04/06/2030
Loan 31 2 Laurel Drive 0.7% 1 CREFI 6,630,000 6,630,000   5,274,129   Industrial Warehouse/Distribution 4.0400% 0.01347% Actual/360 120 120 360 360 06/16/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 32 CityLine Flagstaff 0.7% 1 CREFI 6,600,000 6,600,000   5,779,298   Self Storage Self Storage 4.5100% 0.01347% Actual/360 120 120 360 360 06/26/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 33 968-970 Gates Ave 0.7% 1 CREFI 6,500,000 6,500,000   6,500,000   Multifamily Mid Rise 4.2400% 0.01347% Actual/360 120 120 0 0 07/01/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 34 CityLine Wisconsin 0.7% 1 CREFI 6,225,000 6,225,000   5,682,679   Self Storage Self Storage 4.3500% 0.01347% Actual/360 120 120 360 360 06/19/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 35 StorQuest Self Storage - Modesto 0.5% 1 CREFI 5,000,000 5,000,000   5,000,000   Self Storage Self Storage 3.8700% 0.01347% Actual/360 120 120 0 0 06/09/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 36 StorQuest Self Storage - Ceres 0.4% 1 CREFI 4,000,000 4,000,000   4,000,000   Self Storage Self Storage 3.8700% 0.01347% Actual/360 120 120 0 0 06/09/2020 08/06/2020 07/06/2030 No 07/06/2030
Loan 37 Castle Rock Self Storage 0.4% 1 CREFI 4,000,000 4,000,000   4,000,000   Self Storage Self Storage 3.9700% 0.11222% Actual/360 120 120 0 0 06/26/2020 08/06/2020 07/06/2030 No 07/06/2030

 

  

 

 

Benchmark 2020-B18                    
                                           
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES            
                                                                           
          Pari Passu Pari Passu                                                                        
      Monthly Annual Companion Loan Companion Loan Remaining     Crossed               FIRREA Cut-Off                                              
      Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten Grace Payment Appraised Appraisal Compliant Date LTV LTV Ratio at                                            
Loan ID Property Name Service($)(8) Service($)(8) Service($) Service($) Period(7)  Lockbox(9)  Management(10) Other Loans Borrower NOI DSCR(8)(11) NCF DSCR(8)(11) Period(13) Date Value ($)(14) As-of Date(14) (Yes/No) Ratio(11)(14) Maturity or ARD(11)(14)                                            
Loan 1 Agellan Portfolio(2)(32)(33) 293,280 3,519,360 610,022 7,320,270 61 Hard In Place No No 3.34x 3.04x 0 7 551,000,000 Various Yes 41.9% 41.9%                                            
Property 1.01 Sarasota Distribution Hub                           70,200,000 02/17/2020 Yes                                                
Property 1.02 Naperville Woods Office Center                           68,800,000 02/20/2020 Yes                                                
Property 1.03 Southpark Business Park FOP                           34,900,000 02/18/2020 Yes                                                
Property 1.04 Supervalu                           26,720,000 03/02/2020 Yes                                                
Property 1.05 Plainfield Business Center IV                           24,100,000 02/17/2020 Yes                                                
Property 1.06 Beltway III                           20,100,000 02/20/2020 Yes                                                
Property 1.07 4405 Continental Dr                           18,750,000 02/12/2020 Yes                                                
Property 1.08 Beltway IV                           17,200,000 02/20/2020 Yes                                                
Property 1.09 Sandy Plains Business Park                           15,700,000 02/14/2020 Yes                                                
Property 1.10 Coliseum Distribution Center #1                           15,900,000 03/13/2020 Yes                                                
Property 1.11 Silber Industrial Park                           14,100,000 02/12/2020 Yes                                                
Property 1.12 Southpark Business Park M                           13,100,000 02/18/2020 Yes                                                
Property 1.13 West by Northwest Business Blvd                           12,800,000 02/12/2020 Yes                                                
Property 1.14 Norcross Center                           12,300,000 02/14/2020 Yes                                                
Property 1.15 Goshen Springs                           10,700,000 02/14/2020 Yes                                                
Property 1.16 Long Point Center                           10,400,000 02/12/2020 Yes                                                
Property 1.17 Corridor Park D                           10,300,000 02/18/2020 Yes                                                
Property 1.18 Southport 1-4                           10,000,000 02/21/2020 Yes                                                
Property 1.19 Jameel                           10,000,000 02/12/2020 Yes                                                
Property 1.20 Beltway II                           9,700,000 02/20/2020 Yes                                                
Property 1.21 Braker Center 4                           9,400,000 02/18/2020 Yes                                                
Property 1.22 Northgreen 1-4                           8,600,000 02/18/2020 Yes                                                
Property 1.23 Minimax                           8,100,000 02/18/2020 Yes                                                
Property 1.24 Southpark Business Park E                           7,500,000 02/18/2020 Yes                                                
Property 1.25 9385 Washington Blvd                           7,300,000 02/20/2020 Yes                                                
Property 1.26 Rothway                           7,200,000 02/12/2020 Yes                                                
Property 1.27 2730 Pinnacle                           6,100,000 02/21/2020 Yes                                                
Property 1.28 Columbus West - Interchange Rd                           5,650,000 02/18/2020 Yes                                                
Property 1.29 1346 Oakbrook Drive                           5,400,000 02/14/2020 Yes                                                
Property 1.30 1230-1236 Hardt Circle                           5,200,000 02/21/2020 Yes                                                
Property 1.31 Pine Forest Business Park                           4,900,000 02/12/2020 Yes                                                
Property 1.32 Rittiman East Industrial Park #23 & 24                           3,870,000 03/13/2020 Yes                                                
Property 1.33 1351 Oakbrook Drive                           3,850,000 02/14/2020 Yes                                                
Property 1.34 1325 Oakbrook Drive                           3,800,000 02/14/2020 Yes                                                
Property 1.35 490 Heartland Drive                           3,750,000 02/21/2020 Yes                                                
Property 1.36 1265 Oakbrook Drive                           3,650,000 02/14/2020 Yes                                                
Property 1.37 Columbus West - Business Park                           3,500,000 02/18/2020 Yes                                                
Property 1.38 1155 Bowes Road                           3,450,000 02/21/2020 Yes                                                
Property 1.39 1280 Oakbrook Drive                           3,400,000 02/14/2020 Yes                                                
Property 1.40 Cox Business Center                           3,350,000 03/13/2020 Yes                                                
Property 1.41 2002 Bloomingdale                           3,050,000 02/21/2020 Yes                                                
Property 1.42 333 Charles Court                           3,000,000 02/21/2020 Yes                                                
Property 1.43 483 Heartland Drive                           3,000,000 02/21/2020 Yes                                                
Property 1.44 1256 Oakbrook Drive                           2,950,000 02/14/2020 Yes                                                
Property 1.45 550 Heartland                           2,650,000 02/21/2020 Yes                                                
Property 1.46 Rittiman East Industrial Park #22                           2,610,000 03/13/2020 Yes                                                
Loan 2 Moffett Towers Buildings A, B & C(2)(32) 221,155 2,653,854 1,085,131 13,021,578 115 Hard In Place No No 3.70x 3.63x 0 6 1,145,000,000 10/01/2021 Yes 38.7% 38.7%                                            
Property 2.01 Moffett Towers Building A                           348,000,000 01/03/2020 Yes                                                
Property 2.02 Moffett Towers Building B                           390,000,000 10/01/2021 Yes                                                
Property 2.03 Moffett Towers Building C                           383,000,000 05/01/2021 Yes                                                
Loan 3 Tropical Distribution Center 227,681 2,732,177     120 Hard Springing No No 2.11x 2.10x 0 6 110,000,000 04/14/2020 Yes 68.2% 68.2%                                            
Loan 4 BX Industrial Portfolio(2)(32) 209,959 2,519,514 853,079 10,236,944 75 Hard Springing No Yes - A 3.83x 3.57x 0 9 960,750,000 Various Yes 39.6% 39.6%                                            
Property 4.01 Bridgewater Center 1                           52,700,000 07/29/2019 Yes                                                
Property 4.02 401 E Laraway Rd                           42,300,000 07/22/2019 Yes                                                
Property 4.03 Rochelle 1                           34,600,000 08/01/2019 Yes                                                
Property 4.04 350A Salem Church Rd                           33,000,000 07/15/2019 Yes                                                
Property 4.05 Romeoville Bldg 1                           30,100,000 07/24/2019 Yes                                                
Property 4.06 251 E Laraway Rd                           28,400,000 07/22/2019 Yes                                                
Property 4.07 7940 Kentucky                           29,000,000 07/15/2019 Yes                                                
Property 4.08 Mountain Top Distribution Center 2                           24,100,000 08/01/2019 Yes                                                
Property 4.09 Enterprise Parkway                           23,400,000 07/19/2019 Yes                                                
Property 4.10 Cavalier I                           23,100,000 07/19/2019 Yes                                                
Property 4.11 1910 International                           20,800,000 07/16/2019 Yes                                                
Property 4.12 Glen Dale                           19,200,000 07/12/2019 Yes                                                
Property 4.13 Romeoville Bldg 2                           18,900,000 07/24/2019 Yes                                                
Property 4.14 Enterprise Distribution Center 1                           17,500,000 07/15/2019 Yes                                                
Property 4.15 2270 Woodale                           17,100,000 07/12/2019 Yes                                                
Property 4.16 2950 Lexington Ave South                           16,800,000 07/12/2019 Yes                                                
Property 4.17 Rivers Bend Center 1B                           16,700,000 07/16/2019 Yes                                                
Property 4.18 DFW Logistics Center (Bldg 4)                           16,400,000 07/12/2019 Yes                                                
Property 4.19 Rivers Bend Center 1C                           15,800,000 07/16/2019 Yes                                                
Property 4.20 Territorial                           15,500,000 07/24/2019 Yes                                                
Property 4.21 Diamond Hill 2                           15,400,000 07/19/2019 Yes                                                
Property 4.22 Rivers Bend Center 2A                           15,200,000 07/16/2019 Yes                                                
Property 4.23 Rivers Bend Center 1A                           15,000,000 07/16/2019 Yes                                                
Property 4.24 Diamond Hill 3                           14,900,000 07/19/2019 Yes                                                
Property 4.25 Whippany Business Center 1                           14,700,000 07/29/2019 Yes                                                
Property 4.26 The Colony Land                           14,200,000 07/21/2019 Yes                                                
Property 4.27 Shawnee Distribution Center 1                           14,100,000 07/10/2019 Yes                                                
Property 4.28 Rivers Bend Center 2B                           13,900,000 08/01/2019 Yes                                                
Property 4.29 7930 Kentucky                           13,800,000 07/15/2019 Yes                                                
Property 4.30 Dues Dr Distribution Center 1                           13,600,000 07/16/2019 Yes                                                
Property 4.31 Gibraltar                           13,500,000 07/24/2019 Yes                                                
Property 4.32 Diamond Hill 1                           13,500,000 07/19/2019 Yes                                                

 

  

 

 

Benchmark 2020-B18                    
                                           
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES            
                                                                           
          Pari Passu Pari Passu                                                                        
      Monthly Annual Companion Loan Companion Loan Remaining     Crossed               FIRREA Cut-Off                                              
      Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten Grace Payment Appraised Appraisal Compliant Date LTV LTV Ratio at                                            
Loan ID Property Name Service($)(8) Service($)(8) Service($) Service($) Period(7)  Lockbox(9)  Management(10) Other Loans Borrower NOI DSCR(8)(11) NCF DSCR(8)(11) Period(13) Date Value ($)(14) As-of Date(14) (Yes/No) Ratio(11)(14) Maturity or ARD(11)(14)                                            
Property 4.33 DFW Logistics Center (Bldg 3)                           13,500,000 07/12/2019 Yes                                                
Property 4.34 Elk Grove Distribution Center 1                           13,100,000 07/11/2019 Yes                                                
Property 4.35 1000 Lucas Way                           13,100,000 07/19/2019 Yes                                                
Property 4.36 Lakeview                           13,000,000 07/11/2019 Yes                                                
Property 4.37 DFW Logistics Center (Bldg 5)                           12,300,000 07/12/2019 Yes                                                
Property 4.38 9756 International                           11,700,000 07/16/2019 Yes                                                
Property 4.39 350B Salem Church Rd                           11,000,000 07/15/2019 Yes                                                
Property 4.40 6105 Trenton Ln                           11,000,000 07/11/2019 Yes                                                
Property 4.41 300 Salem Church Rd                           10,900,000 07/15/2019 Yes                                                
Property 4.42 Tower                           10,600,000 07/24/2019 Yes                                                
Property 4.43 1940 Fernbrook Ln                           10,800,000 07/11/2019 Yes                                                
Property 4.44 Production Distribution Center 1                           7,916,472 07/16/2019 Yes                                                
Property 4.45 Culpeper                           10,400,000 07/16/2019 Yes                                                
Property 4.46 Fairfield Distribution Center 1                           10,300,000 07/16/2019 Yes                                                
Property 4.47 Cavalier II                           10,100,000 07/19/2019 Yes                                                
Property 4.48 World Park II                           9,000,000 07/16/2019 Yes                                                
Property 4.49 Diamond Hill 4                           8,800,000 07/19/2019 Yes                                                
Property 4.50 2290-2298 Woodale                           8,200,000 07/12/2019 Yes                                                
Property 4.51 514 Butler Rd                           8,000,000 07/19/2019 Yes                                                
Property 4.52 Northridge II                           7,600,000 07/18/2019 Yes                                                
Property 4.53 2222 Woodale                           7,300,000 07/12/2019 Yes                                                
Property 4.54 Northridge I                           7,000,000 07/18/2019 Yes                                                
Property 4.55 Romeoville Distribution Center 1                           6,600,000 07/24/2019 Yes                                                
Property 4.56 1825 Airport Exchange                           6,000,000 07/16/2019 Yes                                                
Property 4.57 7453 Empire - Bldg C                           5,800,000 07/15/2019 Yes                                                
Property 4.58 Rivers Bend Center 1D                           5,200,000 07/16/2019 Yes                                                
Property 4.59 Heathrow                           4,900,000 07/11/2019 Yes                                                
Property 4.60 2240-2250 Woodale                           4,200,000 07/12/2019 Yes                                                
Property 4.61 273 Industrial Way                           3,650,000 07/18/2019 Yes                                                
Property 4.62 7453 Empire - Bldg B                           3,500,000 07/15/2019 Yes                                                
Property 4.63 7453 Empire - Bldg A                           3,050,000 07/15/2019 Yes                                                
Property 4.64 Rivers Bend Center - Land                           3,350,000 07/16/2019 Yes                                                
Property 4.65 Production Distribution Center 1B                           2,583,528 07/16/2019 Yes                                                
Property 4.66 Bridgewater Center 2                           12,000,000 07/29/2019 Yes                                                
Property 4.67 Laraway Land 1                           700,000 08/01/2019 Yes                                                
Property 4.68 Laraway Land 2                           6,400,000 07/22/2019 Yes                                                
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34) 195,402 2,344,821 4,717,299 56,607,582 116 Hard Springing No Yes - A 4.95x 4.95x 0 5 4,600,000,000 01/10/2020 Yes 35.5% 35.5%                                            
Property 5.01 MGM Grand                           2,505,000,000 01/10/2020 Yes                                                
Property 5.02 Mandalay Bay                           2,095,000,000 01/10/2020 Yes                                                
Loan 6 1633 Broadway(2)(32)(34) 158,776 1,905,315 2,370,023 28,440,278 113 Hard Springing No No 3.93x 3.84x 0 6 2,400,000,000 10/24/2019 Yes 41.7% 41.7%                                            
Loan 7 711 Fifth Avenue(2)(34) 120,146 1,441,750 1,334,954 16,019,444 116 Hard Springing No No 2.94x 2.90x 0 6 1,000,000,000 01/23/2020 Yes 54.5% 54.5%                                            
Loan 8 280 North Bernardo(2) 133,495 1,601,944 103,459 1,241,507 120 Hard Springing No No 2.31x 2.27x 0 6 120,000,000 04/01/2020 Yes 59.2% 59.2%                                            
Loan 9 420 Taylor Street(2) 175,984 2,111,807 231,558 2,778,694 61 Hard In Place No No 1.70x 1.67x 0 6 143,500,000 05/01/2021 Yes 61.3% 55.4%                                            
Loan 10 3000 Post Oak(2)(33) 147,489 1,769,870 189,629 2,275,547 56 Hard In Place No No 2.38x 2.19x 0 1 143,900,000 11/20/2019 Yes 55.6% 55.6%                                            
Loan 11 Chase Center Tower I(2)(32) 54,198 650,379 379,388 4,552,656 56 Hard Springing Yes Yes - C 3.89x 3.87x 0 10 466,000,000 12/19/2019 Yes 31.3% 31.3%                                            
Loan 12 Chase Center Tower II(2)(32) 46,235 554,818 323,644 3,883,726 56 Hard Springing Yes Yes - C 3.89x 3.87x 0 10 397,500,000 12/19/2019 Yes 31.3% 31.3%                                            
Loan 13 Brass Professional Center(2) 170,579 2,046,944 130,412 1,564,942 13 Hard Springing No No 1.47x 1.31x 0 6 79,100,000 06/01/2020 Yes 72.9% 61.1%                                            
Loan 14 Flushing Commons(35) 81,618 979,417     116 Hard Springing No No 2.56x 2.45x 0 6 47,000,000 01/23/2020 Yes 59.6% 59.6%                                            
Loan 15 Apollo Education Group HQ Campus(2) 75,007 900,080 183,979 2,207,743 55 Hard Springing No No 4.38x 4.15x 0 5 194,000,000 01/06/2020 Yes 47.2% 47.2%                                            
Loan 16 Bellagio Hotel and Casino(2)(32)(34) 56,918 683,014 4,432,760 53,193,120 113 Hard Springing No Yes - A 8.80x 8.42x 0 5 4,260,000,000 10/16/2019 Yes 39.3% 39.3%                                            
Loan 17 Southcenter Mall(2) 48,667 584,000 481,800 5,781,600 114 Hard Springing No No 6.70x 6.53x 5 1 980,000,000 11/17/2019 Yes 22.2% 22.2%                                            
Loan 18 CityLine Augusta Portfolio 72,987 875,843     121 Springing Hard Springing No Yes - B 2.00x 1.96x 0 6 31,000,000 Various Yes 63.5% 63.5%                                            
Property 18.01 Belair Dyess Self Storage                           16,200,000 02/02/2020 Yes                                                
Property 18.02 Wheeler Self Storage                           14,800,000 06/17/2020 Yes                                                
Loan 19 364 Lincoln(29) 63,115 757,375     120 Soft Springing No No 1.70x 1.68x 0 1 27,000,000 03/26/2020 Yes 66.7% 66.7%                                            
Loan 20 Jasmine Cove(34) 71,526 858,310     60 Soft Springing No No 1.54x 1.48x 0 1 23,025,000 03/02/2020 Yes 65.1% 59.1%                                            
Loan 21 Battery Park Lofts 68,779 825,348     12 Soft Springing No Yes - D 1.36x 1.33x 0 6 20,300,000 06/15/2020 Yes 70.0% 57.5%                                            
Loan 22 Kings Plaza(2)(33)(35) 40,037 480,445 1,342,008 16,104,097 114 Hard Springing No No 3.14x 3.07x 0 1 900,000,000 10/17/2019 Yes 54.1% 54.1%                                            
Loan 23 84 14th Street 43,960 527,516     120 Springing Springing No No 1.95x 1.87x 0 6 20,200,000 03/01/2020 Yes 60.9% 60.9%                                            
Loan 24 Edge 32 Apartments 48,610 583,324     12 Soft Springing No Yes - D 1.42x 1.39x 0 6 14,800,000 06/15/2020 Yes 67.6% 55.6%                                            
Loan 25 Cambridge Club Apartments(29) 36,331 435,972     120 Springing Hard Springing No No 1.96x 1.88x 0 6 15,300,000 06/12/2020 Yes 65.4% 65.4%                                            
Loan 26 1725 N Commerce Parkway 29,542 354,506     120 Springing Hard Springing No No 3.03x 2.80x 0 6 16,000,000 02/18/2020 Yes 57.8% 57.8%                                            
Loan 27 CityLine Hattiesburg 40,975 491,704     37 Springing Hard Springing No Yes - B 1.63x 1.60x 0 6 11,825,000 06/16/2020 Yes 70.0% 61.0%                                            
Loan 28 OrthoSouth 36,944 443,326     25 Hard Springing No No 1.91x 1.81x 0 6 15,950,000 06/04/2020 Yes 47.6% 40.3%                                            
Property 28.01 Primary Parkway                           9,450,000 06/04/2020 Yes                                                
Property 28.02 Southaven                           6,500,000 06/04/2020 Yes                                                
Loan 29 Strathmore Apartments 23,376 280,513     120 Springing Springing No No 2.46x 2.41x 0 6 12,050,000 11/05/2019 Yes 60.6% 60.6%                                            
Loan 30 630 W Lake 20,894 250,731     117 Springing Hard Springing No No 2.29x 2.22x 0 6 10,400,000 02/07/2020 Yes 64.6% 64.6%                                            
Loan 31 2 Laurel Drive 31,806 381,669     0 Hard Springing No No 1.85x 1.76x 0 6 10,400,000 05/29/2020 Yes 63.8% 50.7%                                            
Loan 32 CityLine Flagstaff 33,480 401,766     36 Springing Hard Springing No Yes - B 1.45x 1.44x 0 6 9,700,000 06/12/2020 Yes 68.0% 59.6%                                            
Loan 33 968-970 Gates Ave 23,286 279,428     120 Springing Hard Springing No No 1.76x 1.75x 0 6 10,500,000 03/06/2020 Yes 61.9% 61.9%                                            
Loan 34 CityLine Wisconsin 30,989 371,865     60 Springing Hard Springing No Yes - B 1.50x 1.47x 0 6 9,800,000 05/15/2020 Yes 63.5% 58.0%                                            
Loan 35 StorQuest Self Storage - Modesto 16,349 196,188     120 Springing Hard Springing No Yes - E 3.79x 3.70x 0 6 12,900,000 05/25/2020 Yes 38.8% 38.8%                                            
Loan 36 StorQuest Self Storage - Ceres 13,079 156,950     120 Springing Hard Springing No Yes - E 3.12x 3.04x 0 6 8,300,000 05/25/2020 Yes 48.2% 48.2%                                            
Loan 37 Castle Rock Self Storage 13,417 161,006     120 Springing Hard Springing No No 3.16x 3.11x 0 6 8,300,000 06/01/2020 Yes 48.2% 48.2%                                            

 

  

 

 

Benchmark 2020-B18        
                               
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES                      
                                                     
                                                                                                             
                    Net Units Loan per Net                                                                                    
                Year Year Rentable Area of Rentable Area   Prepayment Provisions                                                                                
Loan ID Property Name Address City County State Zip Code Built Renovated (SF/Units/Rooms)(4) Measure (SF/Units/Rooms) ($)(4)(11)(14)   (# of payments)(15)(16)(17)                                                                                
Loan 1 Agellan Portfolio(2)(32)(33) Various Various Various Various Various Various Various 6,094,177 Sq. Ft. 38   L(24), D(33), O(4)                                                                                
Property 1.01 Sarasota Distribution Hub 6100 McIntosh Road Sarasota Sarasota FL 34238 1981 2007 906,449 Sq. Ft. 32                                                                                    
Property 1.02 Naperville Woods Office Center 1000 & 1100 East Warrenville Road Naperville DuPage IL 60563 1981, 1988 2007 482,497 Sq. Ft. 60                                                                                    
Property 1.03 Southpark Business Park FOP 2130, 2150 & 2170 Woodward Street Austin Travis TX 78744 1982 NAP 187,075 Sq. Ft. 78                                                                                    
Property 1.04 Supervalu 1201 John Burgess Drive Fort Worth Tarrant TX 76140 1996 NAP 253,800 Sq. Ft. 44                                                                                    
Property 1.05 Plainfield Business Center IV 2151 Airwest Boulevard Plainfield Hendricks IN 46168 1999 NAP 434,354 Sq. Ft. 23                                                                                    
Property 1.06 Beltway III 10900 Corporate Centre Drive Houston Harris TX 77041 2005 NAP 130,566 Sq. Ft. 65                                                                                    
Property 1.07 4405 Continental Dr 4405 Continental Drive Flint Genesee MI 48507 1999 2006 400,000 Sq. Ft. 20                                                                                    
Property 1.08 Beltway IV 4920 Westway Park Boulevard Houston Harris TX 77041 2006 NAP 131,702 Sq. Ft. 55                                                                                    
Property 1.09 Sandy Plains Business Park 1800 Sandy Plains Industrial Parkway Marietta Cobb GA 30066 1986 NAP 167,329 Sq. Ft. 40                                                                                    
Property 1.10 Coliseum Distribution Center #1 1143 AT&T Center Parkway San Antonio Bexar TX 78219 1978 NAP 208,000 Sq. Ft. 32                                                                                    
Property 1.11 Silber Industrial Park 2055, 2105 & 2155 Silber Road Houston Harris TX 77055 1978 NAP 198,970 Sq. Ft. 30                                                                                    
Property 1.12 Southpark Business Park M 4120 Freidrich Lane Austin Travis TX 78744 1983 NAP 72,550 Sq. Ft. 76                                                                                    
Property 1.13 West by Northwest Business Blvd 6100 & 6120 West by Northwest Boulevard Houston Harris TX 77040 1983 NAP 122,750 Sq. Ft. 44                                                                                    
Property 1.14 Norcross Center 2100 & 2200 Norcross Parkway Norcross Gwinnett GA 30071 1988 NAP 169,951 Sq. Ft. 30                                                                                    
Property 1.15 Goshen Springs 5801 & 5901 Goshen Springs Road Norcross Gwinnett GA 30071 1986 NAP 152,319 Sq. Ft. 30                                                                                    
Property 1.16 Long Point Center 6500 & 6600 Long Point Road Houston Harris TX 77055 1979 NAP 189,680 Sq. Ft. 23                                                                                    
Property 1.17 Corridor Park D 100 Michael Angelo Way Austin Travis TX 78728 1999 2016 56,100 Sq. Ft. 77                                                                                    
Property 1.18 Southport 1-4 5975-6049 South Loop East Houston Harris TX 77033 1980 NAP 149,401 Sq. Ft. 28                                                                                    
Property 1.19 Jameel 9001 & 9101 Jameel Road Houston Harris TX 77040 1983 NAP 94,900 Sq. Ft. 44                                                                                    
Property 1.20 Beltway II 11000 Corporate Centre Drive Houston Harris TX 77041 2003 NAP 101,039 Sq. Ft. 40                                                                                    
Property 1.21 Braker Center 4 2120 West Braker Lane Austin Travis TX 78758 1984 1999 45,913 Sq. Ft. 86                                                                                    
Property 1.22 Northgreen 1-4 1400-1412 North Sam Houston Parkway East Houston Harris TX 77032 1982 NAP 118,736 Sq. Ft. 30                                                                                    
Property 1.23 Minimax 2301 Minimax Drive Houston Harris TX 77008 1967 NAP 119,821 Sq. Ft. 28                                                                                    
Property 1.24 Southpark Business Park E 2100 East Saint Elmo Road Austin Travis TX 78744 1982 1992 49,966 Sq. Ft. 63                                                                                    
Property 1.25 9385 Washington Blvd 9385 Washington Boulevard Laurel Howard MD 20723 1988 2007 57,590 Sq. Ft. 53                                                                                    
Property 1.26 Rothway 6300, 6310 & 6320 Rothway Street Houston Harris TX 77040 1983 NAP 75,460 Sq. Ft. 40                                                                                    
Property 1.27 2730 Pinnacle 2730 Pinnacle Drive Elgin Kane IL 60124 2005 2007 44,990 Sq. Ft. 57                                                                                    
Property 1.28 Columbus West - Interchange Rd 3671-3701 & 3707-3743 Interchange Road Columbus Franklin OH 43204 1974 NAP 91,200 Sq. Ft. 26                                                                                    
Property 1.29 1346 Oakbrook Drive 1346 Oakbrook Drive Norcross Gwinnett GA 30093 1985 NAP 71,591 Sq. Ft. 32                                                                                    
Property 1.30 1230-1236 Hardt Circle 1230-1236 Hardt Circle Bartlett DuPage IL 60103 2008 NAP 60,080 Sq. Ft. 36                                                                                    
Property 1.31 Pine Forest Business Park 232 & 302-350 West 38th Street Houston Harris TX 77018 1980 NAP 80,091 Sq. Ft. 26                                                                                    
Property 1.32 Rittiman East Industrial Park #23 & 24 5032-5042 & 5100-5128 Service Center Drive San Antonio Bexar TX 78218 1983 NAP 50,806 Sq. Ft. 32                                                                                    
Property 1.33 1351 Oakbrook Drive 1351 Oakbrook Drive Norcross Gwinnett GA 30093 1985 NAP 36,489 Sq. Ft. 44                                                                                    
Property 1.34 1325 Oakbrook Drive 1325 Oakbrook Drive Norcross Gwinnett GA 30093 1986 NAP 53,120 Sq. Ft. 30                                                                                    
Property 1.35 490 Heartland Drive 490 North Heartland Drive Sugar Grove Kane IL 60554 2002 NAP 39,520 Sq. Ft. 40                                                                                    
Property 1.36 1265 Oakbrook Drive 1265 Oakbrook Drive Norcross Gwinnett GA 30093 1985 NAP 51,200 Sq. Ft. 30                                                                                    
Property 1.37 Columbus West - Business Park 3949 Business Park Drive Columbus Franklin OH 43204 1996 2005 92,618 Sq. Ft. 16                                                                                    
Property 1.38 1155 Bowes Road 1155 Bowes Road Elgin Kane IL 60123 2006 NAP 34,400 Sq. Ft. 42                                                                                    
Property 1.39 1280 Oakbrook Drive 1280 Oakbrook Drive Norcross Gwinnett GA 30093 1986 NAP 46,400 Sq. Ft. 31                                                                                    
Property 1.40 Cox Business Center 1300, 1310, 1320 & 1330 Cox Avenue Erlanger Boone KY 41018 1987 NAP 52,040 Sq. Ft. 27                                                                                    
Property 1.41 2002 Bloomingdale 2002 Bloomingdale Road Glendale Heights DuPage IL 60139 1998 NAP 31,919 Sq. Ft. 40                                                                                    
Property 1.42 333 Charles Court 333 Charles Court West Chicago DuPage IL 60185 2007 NAP 36,623 Sq. Ft. 34                                                                                    
Property 1.43 483 Heartland Drive 483 North Heartland Drive Sugar Grove Kane IL 60554 2010 NAP 36,426 Sq. Ft. 35                                                                                    
Property 1.44 1256 Oakbrook Drive 1256 Oakbrook Drive Norcross Gwinnett GA 30093 1985 NAP 40,392 Sq. Ft. 31                                                                                    
Property 1.45 550 Heartland 550 North Heartland Drive Sugar Grove Kane IL 60554 2000 2007 30,328 Sq. Ft. 37                                                                                    
Property 1.46 Rittiman East Industrial Park #22 5008-5030 Service Center Drive San Antonio Bexar TX 78218 1983 NAP 37,026 Sq. Ft. 30                                                                                    
Loan 2 Moffett Towers Buildings A, B & C(2)(32) Various Sunnyvale Santa Clara CA 94089 2008 NAP 951,498 Sq. Ft. 466   L(24), YM1(5), DorYM1(84), O(7)                                                                                
Property 2.01 Moffett Towers Building A 1000 Enterprise Way Sunnyvale Santa Clara CA 94089 2008 NAP 317,166 Sq. Ft. 435                                                                                    
Property 2.02 Moffett Towers Building B 1020 Enterprise Way Sunnyvale Santa Clara CA 94089 2008 NAP 317,166 Sq. Ft. 481                                                                                    
Property 2.03 Moffett Towers Building C 1050 Enterprise Way Sunnyvale Santa Clara CA 94089 2008 NAP 317,166 Sq. Ft. 481                                                                                    
Loan 3 Tropical Distribution Center 6001 East Tropical Parkway Las Vegas Clark NV 89115 2019 NAP 855,000 Sq. Ft. 88   L(24), D(91), O(5)                                                                                
Loan 4 BX Industrial Portfolio(2)(32) Various Various Various Various Various Various Various 11,097,713 Sq. Ft. 34   YM1(70), O(7)                                                                                
Property 4.01 Bridgewater Center 1 1120 US Highway 22 Bridgewater Somerset NJ 08807 1951 1994 437,117 Sq. Ft. 59                                                                                    
Property 4.02 401 E Laraway Rd 401 East Laraway Road Joliet Will IL 60433 2005 NAP 475,104 Sq. Ft. 36                                                                                    
Property 4.03 Rochelle 1 501 South Steward Road Rochelle Ogle IL 61068 2005 NAP 579,575 Sq. Ft. 24                                                                                    
Property 4.04 350A Salem Church Rd 350A Salem Church Road Mechanicsburg Cumberland PA 17050 1990 NAP 405,100 Sq. Ft. 33                                                                                    
Property 4.05 Romeoville Bldg 1 208-214 South Pinnacle Drive Romeoville Will IL 60446 2016 NAP 199,924 Sq. Ft. 60                                                                                    
Property 4.06 251 E Laraway Rd 251 East Laraway Road Joliet Will IL 60433 2005 NAP 374,460 Sq. Ft. 31                                                                                    
Property 4.07 7940 Kentucky 7940 Kentucky Drive Florence Boone KY 41042 1992 NAP 128,077 Sq. Ft. 91                                                                                    
Property 4.08 Mountain Top Distribution Center 2 1 Philips Drive Mountain Top Luzerne PA 18707 1992 NAP 400,000 Sq. Ft. 24                                                                                    
Property 4.09 Enterprise Parkway 2000 Enterprise Parkway Hampton Hampton City VA 23666 1996 NAP 402,652 Sq. Ft. 23                                                                                    
Property 4.10 Cavalier I 1400 Cavalier Boulevard Chesapeake Chesapeake City VA 23323 1969 NAP 300,117 Sq. Ft. 31                                                                                    
Property 4.11 1910 International 1910 International Way Hebron Boone KY 41048 1990 2004 300,000 Sq. Ft. 28                                                                                    
Property 4.12 Glen Dale 7100 Holladay Tyler Road Glen Dale Prince George’s MD 20769 1968 NAP 314,590 Sq. Ft. 24                                                                                    
Property 4.13 Romeoville Bldg 2 208-214 South Pinnacle Drive Romeoville Will IL 60446 2016 NAP 199,924 Sq. Ft. 38                                                                                    
Property 4.14 Enterprise Distribution Center 1 10550 Toebben Drive Independence Boone KY 41051 2005 NAP 275,000 Sq. Ft. 25                                                                                    
Property 4.15 2270 Woodale 2270-2280 Woodale Drive Mounds View Ramsey MN 55112 1990 NAP 144,783 Sq. Ft. 47                                                                                    
Property 4.16 2950 Lexington Ave South 2950 Lexington Avenue South Eagan Dakota MN 55121 1979 NAP 184,545 Sq. Ft. 36                                                                                    
Property 4.17 Rivers Bend Center 1B 801 Liberty Way Chester Chesterfield VA 23836 1998 NAP 170,800 Sq. Ft. 39                                                                                    
Property 4.18 DFW Logistics Center (Bldg 4) 2701 Esters Boulevard Dallas Dallas TX 75261 2018 NAP 144,000 Sq. Ft. 46                                                                                    
Property 4.19 Rivers Bend Center 1C 12730 Kingston Avenue Chester Chesterfield VA 23836 2001 NAP 158,400 Sq. Ft. 40                                                                                    
Property 4.20 Territorial 3 Territorial Court Bolingbrook Will IL 60440 2001 NAP 125,448 Sq. Ft. 49                                                                                    
Property 4.21 Diamond Hill 2 1920 Campostella Road Chesapeake Chesapeake City VA 23324 1997 NAP 224,620 Sq. Ft. 27                                                                                    
Property 4.22 Rivers Bend Center 2A 500 HP Way Chester Chesterfield VA 23836 1997 NAP 144,000 Sq. Ft. 42                                                                                    
Property 4.23 Rivers Bend Center 1A 701 Liberty Way Chester Chesterfield VA 23836 1998 NAP 123,980 Sq. Ft. 48                                                                                    
Property 4.24 Diamond Hill 3 1960 Diamond Hill Road Chesapeake Chesapeake City VA 23324 1974 NAP 267,010 Sq. Ft. 22                                                                                    
Property 4.25 Whippany Business Center 1 One Apollo Drive Whippany Morris NJ 07981 1975 1985 120,000 Sq. Ft. 49                                                                                    
Property 4.26 The Colony Land NWQ of Memorial Drive and Main Street The Colony Denton TX 75056 NAP NAP NAP NAP NAP                                                                                    
Property 4.27 Shawnee Distribution Center 1 8515 Hedge Lane Terrace Shawnee Johnson KS 66227 2003 NAP 223,200 Sq. Ft. 25                                                                                    
Property 4.28 Rivers Bend Center 2B 600 HP Way Chester Chesterfield VA 23836 1997 NAP 158,400 Sq. Ft. 35                                                                                    
Property 4.29 7930 Kentucky 7930 Kentucky Drive Florence Boone KY 41042 1999 NAP 219,300 Sq. Ft. 25                                                                                    
Property 4.30 Dues Dr Distribution Center 1 4225 Dues Drive West Chester Butler OH 45246 1972 NAP 303,000 Sq. Ft. 18                                                                                    
Property 4.31 Gibraltar 455 Gibraltar Drive Bolingbrook Will IL 60440 2002 NAP 110,000 Sq. Ft. 49                                                                                    
Property 4.32 Diamond Hill 1 1910 Campostella Road Chesapeake Chesapeake City VA 23324 1980 NAP 152,600 Sq. Ft. 35                                                                                    

 

  

 

 

Benchmark 2020-B18        
                               
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES                      
                                                     
                                                                                                             
                    Net Units Loan per Net                                                                                    
                Year Year Rentable Area of Rentable Area   Prepayment Provisions                                                                                
Loan ID Property Name Address City County State Zip Code Built Renovated (SF/Units/Rooms)(4) Measure (SF/Units/Rooms) ($)(4)(11)(14)   (# of payments)(15)(16)(17)                                                                                
Property 4.33 DFW Logistics Center (Bldg 3) 2650 Esters Boulevard Dallas Dallas TX 75261 2018 NAP 120,000 Sq. Ft. 45                                                                                    
Property 4.34 Elk Grove Distribution Center 1 1325 Pratt Boulevard Elk Grove Village Cook IL 60007 1970 2018 150,700 Sq. Ft. 35                                                                                    
Property 4.35 1000 Lucas Way 1000 Lucas Way Hampton Hampton City VA 23666 1992 NAP 120,000 Sq. Ft. 44                                                                                    
Property 4.36 Lakeview 100-130 Lakeview Parkway Vernon Hills Lake IL 60061 1998 2015 132,851 Sq. Ft. 39                                                                                    
Property 4.37 DFW Logistics Center (Bldg 5) 750 Royal Lane Dallas Dallas TX 75261 2017 NAP 116,157 Sq. Ft. 42                                                                                    
Property 4.38 9756 International 9756 International Boulevard West Chester Butler OH 45246 1990 NAP 192,000 Sq. Ft. 24                                                                                    
Property 4.39 350B Salem Church Rd 350B Salem Church Road Mechanicsburg Cumberland PA 17050 1990 NAP 134,500 Sq. Ft. 33                                                                                    
Property 4.40 6105 Trenton Ln 6105 Trenton Lane North Plymouth Hennepin MN 55442 1994 NAP 122,032 Sq. Ft. 36                                                                                    
Property 4.41 300 Salem Church Rd 300 Salem Church Road Mechanicsburg Cumberland PA 17050 1991 NAP 120,000 Sq. Ft. 36                                                                                    
Property 4.42 Tower 161 Tower Drive Burr Ridge Cook IL 60527 1982 NAP 118,101 Sq. Ft. 37                                                                                    
Property 4.43 1940 Fernbrook Ln 1940 Fernbrook Lane North Plymouth Hennepin MN 55447 1974 NAP 107,812 Sq. Ft. 40                                                                                    
Property 4.44 Production Distribution Center 1 100 Production Drive Harrison Hamilton OH 45030 1965 NAP 232,880 Sq. Ft. 18                                                                                    
Property 4.45 Culpeper 13129 Airpark Drive Elkwood Culpeper VA 22718 1990 NAP 150,000 Sq. Ft. 28                                                                                    
Property 4.46 Fairfield Distribution Center 1 375 Northpointe Drive Fairfield Butler OH 45014 1989 NAP 203,500 Sq. Ft. 20                                                                                    
Property 4.47 Cavalier II 3732 Cook Boulevard Chesapeake Chesapeake City VA 23323 2007 NAP 94,325 Sq. Ft. 43                                                                                    
Property 4.48 World Park II 10083-10095 International Boulevard West Chester Butler OH 45246 1981 NAP 167,270 Sq. Ft. 22                                                                                    
Property 4.49 Diamond Hill 4 2115 Portlock Road Chesapeake Chesapeake City VA 23324 2000 NAP 75,700 Sq. Ft. 47                                                                                    
Property 4.50 2290-2298 Woodale 2290-2298 Woodale Drive Mounds View Ramsey MN 55112 1992 NAP 78,180 Sq. Ft. 42                                                                                    
Property 4.51 514 Butler Rd 514 Butler Farm Road Hampton Hampton City VA 23666 1992 NAP 61,488 Sq. Ft. 52                                                                                    
Property 4.52 Northridge II 10446-10456 Lakeridge Parkway Ashland Hanover VA 23005 1998 NAP 70,118 Sq. Ft. 43                                                                                    
Property 4.53 2222 Woodale 2222 Woodale Drive Mounds View Ramsey MN 55112 1989 NAP 55,742 Sq. Ft. 52                                                                                    
Property 4.54 Northridge I 10430-10444 Lakeridge Parkway Ashland Hanover VA 23005 1991 NAP 69,185 Sq. Ft. 40                                                                                    
Property 4.55 Romeoville Distribution Center 1 815 Forestwood Drive Romeoville Will IL 60446 1993 NAP 75,250 Sq. Ft. 35                                                                                    
Property 4.56 1825 Airport Exchange 1825 Airport Exchange Boulevard Erlanger Kenton KY 41018 1997 NAP 67,749 Sq. Ft. 35                                                                                    
Property 4.57 7453 Empire - Bldg C 7453 Empire Drive C Florence Boone KY 41042 1994 NAP 101,250 Sq. Ft. 23                                                                                    
Property 4.58 Rivers Bend Center 1D 13001 Kingston Avenue Chester Chesterfield VA 23836 1997 NAP 40,460 Sq. Ft. 51                                                                                    
Property 4.59 Heathrow 616 Heathrow Drive Lincolnshire Lake IL 60069 1988 Various 38,504 Sq. Ft. 51                                                                                    
Property 4.60 2240-2250 Woodale 2240-2250 Woodale Drive Mounds View Ramsey MN 55112 1992 NAP 42,551 Sq. Ft. 39                                                                                    
Property 4.61 273 Industrial Way 273 Industrial Way Benicia Solano CA 94510 NAP NAP NAP NAP NAP                                                                                    
Property 4.62 7453 Empire - Bldg B 7453 Empire Drive Building B Florence Boone KY 41042 1993 NAP 47,842 Sq. Ft. 29                                                                                    
Property 4.63 7453 Empire - Bldg A 7453 Empire Drive Building A Florence Boone KY 41042 1993 NAP 47,840 Sq. Ft. 26                                                                                    
Property 4.64 Rivers Bend Center - Land 800 HP Way, 501 & 531 HP Way, 12900 Kingston Avenue, 413, 429, 513, 519, 601 & 620 Meadowville Road Chester Chesterfield VA 23836 NAP NAP NAP NAP NAP                                                                                    
Property 4.65 Production Distribution Center 1B 100b Production Drive Harrison Hamilton OH 45030 1998 NAP 76,000 Sq. Ft. 0                                                                                    
Property 4.66 Bridgewater Center 2 1120 US Highway 22 Bridgewater Somerset NJ 08807 1954 1994 102,000 Sq. Ft. 0                                                                                    
Property 4.67 Laraway Land 1 251 East Laraway Road Joliet Will IL 60433 NAP NAP NAP NAP NAP                                                                                    
Property 4.68 Laraway Land 2 401 East Laraway Road Joliet Will IL 60433 NAP NAP NAP NAP NAP                                                                                    
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34) Various Las Vegas Clark NV Various Various NAP 9,748 Rooms 167,645   YM0.5(28), DorYM0.5(85), O(7)                                                                                
Property 5.01 MGM Grand 3799 South Las Vegas Boulevard Las Vegas Clark NV 89109 1993 NAP 4,998 Rooms 178,199                                                                                    
Property 5.02 Mandalay Bay 3950 South Las Vegas Boulevard Las Vegas Clark NV 89119 1999 NAP 4,750 Rooms 156,539                                                                                    
Loan 6 1633 Broadway(2)(32)(34) 1633 Broadway New York New York NY 10019 1972 2013 2,561,512 Sq. Ft. 391   L(31), D(82), O(7)                                                                                
Loan 7 711 Fifth Avenue(2)(34) 711 5th Avenue New York New York NY 10022 1927 2013-2019 340,024 Sq. Ft. 1,603   L(28), D(85), O(7)                                                                                
Loan 8 280 North Bernardo(2) 280 North Bernardo Avenue Mountain View Santa Clara CA 94043 1978-1980 2020 111,154 Sq. Ft. 639   L(24), D(92), O(4)                                                                                
Loan 9 420 Taylor Street(2) 420 Taylor Street San Francisco San Francisco CA 94102 1942 2020 116,216 Sq. Ft. 757   L(24), D(92), O(5)                                                                                
Loan 10 3000 Post Oak(2)(33) 3000 Post Oak Boulevard Houston Harris TX 77056 1979 2014 441,523 Sq. Ft. 181   L(28), D(26), O(6)                                                                                
Loan 11 Chase Center Tower I(2)(32) 1655 3rd Street San Francisco San Francisco CA 94158 2019 NAP 317,660 Sq. Ft. 461   L(27), D(28), O(4)                                                                                
Loan 12 Chase Center Tower II(2)(32) 1725 3rd Street San Francisco San Francisco CA 94158 2019 NAP 268,548 Sq. Ft. 461   L(27), D(28), O(4)                                                                                
Loan 13 Brass Professional Center(2) 4400 Northwest Loop 410 San Antonio Bexar TX 78229 1968-1998 NAP 575,771 Sq. Ft. 100   L(24), D(93), O(4)                                                                                
Loan 14 Flushing Commons(35) 138-35 39th Avenue Flushing Queens NY 11354 2017 NAP 30,000 Sq. Ft. 933   L(28), D(87), O(5)                                                                                
Loan 15 Apollo Education Group HQ Campus(2) 4025, 4035, 4045, 4050, and 4055 South Riverpoint Parkway Phoenix Maricopa AZ 85040 2007, 2008 2019 599,664 Sq. Ft. 153   L(29), D(28), O(3)                                                                                
Loan 16 Bellagio Hotel and Casino(2)(32)(34) 3600 South Las Vegas Boulevard Las Vegas Clark NV 89109 1997 2019 3,933 Rooms 426,189   YM0.5(31), DorYM0.5(82), O(7)                                                                                
Loan 17 Southcenter Mall(2) 2800 Southcenter Mall Tukwila King WA 98188 1968 2008 783,068 Sq. Ft. 278   L(30), DorYM1(86), O(4)                                                                                
Loan 18 CityLine Augusta Portfolio Various Various Richmond; Columbia GA Various Various NAP 257,530 Sq. Ft. 76   L(24), D(93), O(4)                                                                                
Property 18.01 Belair Dyess Self Storage 1005 Jimmie Dyess Parkway and 4317 Wrightsboro Road Augusta; Grovetown Richmond; Columbia GA 30909; 30813 2006, 2012-2013, 2020 NAP 129,270 Sq. Ft. 79                                                                                    
Property 18.02 Wheeler Self Storage 3772 & 4206 Wheeler Road Augusta; Martinez Richmond; Columbia GA 30909; 30907 1985-1986, 1996, 2004 NAP 128,260 Sq. Ft. 74                                                                                    
Loan 19 364 Lincoln(29) 364 Lincoln Place Brooklyn Kings NY 11238 1927 2016-2019 55 Units 327,273   L(25), YM1(92), O(3)                                                                                
Loan 20 Jasmine Cove(34) 1600 Jasmine Cove Circle Simpsonville Greenville SC 29680 2007 NAP 184 Units 81,522   L(25), YM1(91), O(4)                                                                                
Loan 21 Battery Park Lofts 1250 West 75th Street Cleveland Cuyahoga OH 44102 2018 NAP 82 Units 173,171   L(24), D(92), O(4)                                                                                
Loan 22 Kings Plaza(2)(33)(35) 5100 Kings Plaza Brooklyn Kings NY 11234 1969 2018 811,797 Sq. Ft. 600   L(30), YM1(85), O(5)                                                                                
Loan 23 84 14th Street 84 14th Street Brooklyn Kings NY 11215 2019 NAP 19,838 Sq. Ft. 620   L(24), D(91), O(5)                                                                                
Loan 24 Edge 32 Apartments 3219 Detroit Avenue Cleveland Cuyahoga OH 44113 2017 NAP 60 Units 166,667   L(24), D(92), O(4)                                                                                
Loan 25 Cambridge Club Apartments(29) 5501 Cambridge Club Circle Ann Arbor Washtenaw MI 48103 1990 2019 108 Units 92,593   L(24), D(93), O(3)                                                                                
Loan 26 1725 N Commerce Parkway 1725 North Commerce Parkway Weston Broward FL 33326 1992 NAP 52,960 Sq. Ft. 175   L(24), D(92), O(4)                                                                                
Loan 27 CityLine Hattiesburg 2508 & 2517 Lincoln Road Hattiesburg Forrest MS 39402 2003 NAP 136,928 Sq. Ft. 60   L(24), D(93), O(4)                                                                                
Loan 28 OrthoSouth Various Various Various Various Various Various Various 29,906 Sq. Ft. 254   L(24), D(94), O(3)                                                                                
Property 28.01 Primary Parkway 1244 Primacy Parkway Memphis Shelby TN 38119 1991 2010 16,750 Sq. Ft. 269                                                                                    
Property 28.02 Southaven 7580 Clarington Cove Southaven DeSoto MS 38671 2005 2013 13,156 Sq. Ft. 236                                                                                    
Loan 29 Strathmore Apartments 4501 Chestnut Ridge Road Amherst Erie NY 14228 2016 NAP 78 Units 93,590   L(23), YM2(93), O(4)                                                                                
Loan 30 630 W Lake 630 West Lake Street Chicago Cook IL 60661 1908 2017 20,272 Sq. Ft. 331   L(27), D(90), O(3)                                                                                
Loan 31 2 Laurel Drive 2 Laurel Drive Flanders Morris NJ 07836 1986 2019 73,500 Sq. Ft. 90   L(24), D(93), O(3)                                                                                
Loan 32 CityLine Flagstaff 4600 East Nestle Purina Avenue Flagstaff Coconino AZ 86004 2007 NAP 73,495 Sq. Ft. 90   L(24), D(92), O(4)                                                                                
Loan 33 968-970 Gates Ave 968-970 Gates Avenue Brooklyn Kings NY 11221 2019-2020 NAP 16 Units 406,250   L(24), D(93), O(3)                                                                                
Loan 34 CityLine Wisconsin 1117 West Washington Street Appleton Outagamie WI 54914 1955-1991 2013 91,680 Sq. Ft. 68   L(24), D(92), O(4)                                                                                
Loan 35 StorQuest Self Storage - Modesto 2401 & 2412 Oakdale Road Modesto Stanislaus CA 95355 1985 NAP 77,775 Sq. Ft. 64   L(24), YM1(91), O(5)                                                                                
Loan 36 StorQuest Self Storage - Ceres 3201 East Hatch Road Ceres Stanislaus CA 95351 2003, 2008 NAP 70,840 Sq. Ft. 56   L(24), YM1(91), O(5)                                                                                
Loan 37 Castle Rock Self Storage 11 Kellogg Court Castle Rock Douglas CO 80109 1999 NAP 66,925 Sq. Ft. 60   L(24), D(93), O(3)                                                                                

 

  

 

 

Benchmark 2020-B18                      
                                             
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES              
                                                           
                                                                                                                             
              Second Most Second Second Second Third Most Third Third Third                                                                                                
      Most Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten                                                                                  
Loan ID Property Name Statements Date EGI ($) Expenses($) NOI($)(12) Statements Date EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield(11) Debt Yield(11)  Revenue($)  EGI($)  Expenses($)  NOI ($)(12)  Reserves($)                                                                                  
Loan 1 Agellan Portfolio(2)(32)(33) 12/31/2019 63,486,372 23,013,221 40,473,151 12/31/2018 60,700,041 21,738,754 38,961,287 12/31/2017 53,679,748 19,917,149 33,762,598 15.7% 14.2% 66,585,698 60,055,992 23,831,636 36,224,356 693,998                                                                                  
Property 1.01 Sarasota Distribution Hub 12/31/2019 8,667,076 3,826,998 4,840,078 12/31/2018 7,670,233 2,937,926 4,732,307 12/31/2017 7,406,160 2,739,497 4,666,663     8,302,468 7,925,591 3,498,082 4,427,510 90,645                                                                                  
Property 1.02 Naperville Woods Office Center 12/31/2019 12,433,338 5,958,534 6,474,805 12/31/2018 12,083,301 5,589,481 6,493,820 12/31/2017 11,389,307 5,730,623 5,658,684     13,237,996 13,088,679 6,036,438 7,052,241 96,499                                                                                  
Property 1.03 Southpark Business Park FOP 12/31/2019 3,262,196 946,984 2,315,211 12/31/2018 3,196,891 984,124 2,212,767 12/31/2017 3,033,240 931,542 2,101,698     3,513,080 3,337,426 1,034,878 2,302,548 18,708                                                                                  
Property 1.04 Supervalu 12/31/2019 1,822,008 250,678 1,571,331 12/31/2018 1,679,544 254,739 1,424,805 12/31/2017 1,807,491 241,114 1,566,378     1,951,764 1,862,946 378,204 1,484,742 25,380                                                                                  
Property 1.05 Plainfield Business Center IV 12/31/2019 1,913,185 586,757 1,326,428 12/31/2018 1,891,007 594,804 1,296,204 12/31/2017 1,907,215 574,471 1,332,744     2,131,117 2,024,561 745,264 1,279,297 43,435                                                                                  
Property 1.06 Beltway III 12/31/2019 3,449,593 1,454,757 1,994,836 12/31/2018 3,516,342 1,485,310 2,031,032 12/31/2017 2,474,086 1,321,115 1,152,972     3,619,344 3,438,377 1,539,954 1,898,423 26,113                                                                                  
Property 1.07 4405 Continental Dr 12/31/2019 2,454,022 380,753 2,073,269 12/31/2018 2,387,108 365,458 2,021,650 12/31/2017 1,520,286 167,141 1,353,145     2,630,627 2,499,096 533,383 1,965,713 40,000                                                                                  
Property 1.08 Beltway IV 12/31/2019 2,500,287 1,342,028 1,158,259 12/31/2018 2,444,016 1,351,073 1,092,943 12/31/2017 2,807,985 1,327,711 1,480,274     3,158,375 2,562,725 1,401,232 1,161,493 26,340                                                                                  
Property 1.09 Sandy Plains Business Park 12/31/2019 1,373,252 332,977 1,040,275 12/31/2018 1,310,152 321,405 988,747 12/31/2017 1,224,196 304,062 920,134     1,538,504 1,470,579 344,253 1,126,326 16,733                                                                                  
Property 1.10 Coliseum Distribution Center #1 12/31/2019 1,159,557 338,794 820,763 12/31/2018 1,162,988 368,460 794,528             1,287,722 1,223,336 345,066 878,270 20,800                                                                                  
Property 1.11 Silber Industrial Park 12/31/2019 1,223,646 363,570 860,076 12/31/2018 1,275,183 406,461 868,722 12/31/2017 1,271,131 422,514 848,616     1,352,230 1,239,013 397,844 841,168 19,897                                                                                  
Property 1.12 Southpark Business Park M 12/31/2019 1,189,281 346,524 842,758 12/31/2018 1,174,767 366,843 807,924 12/31/2017 1,110,392 329,850 780,542     1,358,621 1,290,690 380,167 910,523 7,255                                                                                  
Property 1.13 West by Northwest Business Blvd 12/31/2019 1,050,317 307,652 742,665 12/31/2018 1,131,126 349,481 781,644 12/31/2017 1,056,180 320,321 735,859     1,230,876 1,149,366 342,629 806,737 12,275                                                                                  
Property 1.14 Norcross Center 12/31/2019 1,129,734 242,766 886,967 12/31/2018 1,075,754 256,545 819,210 12/31/2017 1,034,811 255,226 779,585     1,214,573 1,153,845 260,123 893,721 16,995                                                                                  
Property 1.15 Goshen Springs 12/31/2019 785,935 251,030 534,905 12/31/2018 799,244 218,129 581,115 12/31/2017 835,265 245,665 589,600     1,004,840 956,998 255,504 701,494 15,232                                                                                  
Property 1.16 Long Point Center 12/31/2019 1,166,108 370,381 795,727 12/31/2018 1,156,406 409,301 747,105 12/31/2017 1,021,122 380,837 640,285     1,187,261 1,119,965 412,792 707,173 18,968                                                                                  
Property 1.17 Corridor Park D 12/31/2019 919,083 279,002 640,082 12/31/2018 219,211 60,308 158,903             962,899 914,754 288,577 626,177 5,610                                                                                  
Property 1.18 Southport 1-4 12/31/2019 1,043,587 408,071 635,516 12/31/2018 1,072,677 449,239 623,438 12/31/2017 997,736 432,557 565,180     1,202,961 996,966 432,531 564,435 14,940                                                                                  
Property 1.19 Jameel 12/31/2019 994,616 293,286 701,330 12/31/2018 1,044,882 312,631 732,251 12/31/2017 1,007,140 305,967 701,173     1,054,411 954,762 308,978 645,784 9,490                                                                                  
Property 1.20 Beltway II 12/31/2019 2,710,140 1,052,047 1,658,093 12/31/2018 2,608,806 1,002,724 1,606,082 12/31/2017 2,570,292 966,982 1,603,310     1,791,509 345,499 988,124 -642,625 20,208                                                                                  
Property 1.21 Braker Center 4 12/31/2019 880,039 284,009 596,030 12/31/2018 790,552 281,942 508,610 12/31/2017 797,505 246,428 551,077     923,389 846,025 296,653 549,372 4,591                                                                                  
Property 1.22 Northgreen 1-4 12/31/2019 912,088 405,616 506,472 12/31/2018 1,004,734 450,162 554,572 12/31/2017 986,758 402,730 584,028     1,048,478 749,291 449,297 299,994 11,874                                                                                  
Property 1.23 Minimax 12/31/2019 766,323 222,922 543,402 12/31/2018 741,124 228,055 513,068 12/31/2017 607,608 192,832 414,776     811,615 771,034 240,200 530,834 11,982                                                                                  
Property 1.24 Southpark Business Park E 12/31/2019 625,886 77,241 548,645 12/31/2018 605,888 76,428 529,460 12/31/2017 740,437 218,917 521,519     825,154 783,896 237,554 546,342 4,997                                                                                  
Property 1.25 9385 Washington Blvd 12/31/2019 559,955 155,845 404,110 12/31/2018 337,745 96,839 240,906             618,314 540,263 135,499 404,764 5,759                                                                                  
Property 1.26 Rothway 12/31/2019 695,389 299,234 396,155 12/31/2018 1,006,249 334,398 671,851 12/31/2017 1,018,807 362,692 656,115     825,573 414,917 293,581 121,335 7,546                                                                                  
Property 1.27 2730 Pinnacle 12/31/2019 552,302 112,886 439,415 12/31/2018 552,011 107,691 444,320 12/31/2017 277,754 53,751 224,003     581,840 552,748 127,204 425,544 4,499                                                                                  
Property 1.28 Columbus West - Interchange Rd 12/31/2019 629,778 191,462 438,316 12/31/2018 617,707 207,187 410,520 12/31/2017 556,678 180,038 376,641     659,479 604,586 226,578 378,008 9,120                                                                                  
Property 1.29 1346 Oakbrook Drive 12/31/2019 521,627 129,489 392,138 12/31/2018 443,611 129,254 314,357 12/31/2017 383,252 123,607 259,645     572,995 544,346 131,333 413,012 7,159                                                                                  
Property 1.30 1230-1236 Hardt Circle 12/31/2019 553,143 197,296 355,846 12/31/2018 492,089 155,493 336,596 12/31/2017 259,899 72,388 187,511     501,134 410,774 164,491 246,283 6,008                                                                                  
Property 1.31 Pine Forest Business Park 12/31/2019 496,975 166,758 330,216 12/31/2018 512,978 192,327 320,651 12/31/2017 474,613 165,208 309,405     440,227 163,567 185,825 -22,258 8,009                                                                                  
Property 1.32 Rittiman East Industrial Park #23 & 24 12/31/2019 421,567 146,471 275,097 12/31/2018 412,440 142,622 269,817             464,672 435,872 140,544 295,328 5,081                                                                                  
Property 1.33 1351 Oakbrook Drive 12/31/2019 350,467 79,762 270,705 12/31/2018 322,882 76,626 246,256 12/31/2017 278,250 78,703 199,547     345,221 243,409 81,240 162,169 3,649                                                                                  
Property 1.34 1325 Oakbrook Drive 12/31/2019 345,827 79,518 266,309 12/31/2018 345,319 79,725 265,594 12/31/2017 315,511 86,630 228,881     386,462 367,139 86,990 280,149 5,312                                                                                  
Property 1.35 490 Heartland Drive 12/31/2019 374,794 89,836 284,958 12/31/2018 362,811 73,141 289,671 12/31/2017 185,302 41,285 144,017     390,489 370,964 85,785 285,180 3,952                                                                                  
Property 1.36 1265 Oakbrook Drive 12/31/2019 300,836 83,435 217,401 12/31/2018 293,148 81,301 211,847 12/31/2017 293,387 87,934 205,453     364,946 346,699 89,047 257,652 5,120                                                                                  
Property 1.37 Columbus West - Business Park 12/31/2019 632,896 137,492 495,404 12/31/2018 465,319 124,607 340,712 12/31/2017 465,194 126,226 338,968     324,163 0 124,884 -124,884 9,262                                                                                  
Property 1.38 1155 Bowes Road 12/31/2019 302,245 82,007 220,238 12/31/2018 301,327 82,156 219,171 12/31/2017 153,631 42,105 111,526     232,200 0 75,323 -75,323 3,440                                                                                  
Property 1.39 1280 Oakbrook Drive 12/31/2019 325,735 71,894 253,841 12/31/2018 313,163 67,047 246,116 12/31/2017 321,273 82,313 238,960     339,607 322,627 78,489 244,138 4,640                                                                                  
Property 1.40 Cox Business Center 12/31/2019 253,893 84,109 169,783 12/31/2018 85,008 72,934 12,074 12/31/2017 150,775 72,348 78,427     327,468 311,094 69,921 241,174 5,204                                                                                  
Property 1.41 2002 Bloomingdale 12/31/2019 218,345 107,781 110,564 12/31/2018 259,389 121,737 137,653 12/31/2017 190,224 60,646 129,578     309,945 294,447 115,067 179,380 3,192                                                                                  
Property 1.42 333 Charles Court 12/31/2019 408,819 139,182 269,636 12/31/2018 467,213 163,055 304,157 12/31/2017 230,730 76,704 154,026     415,827 395,035 138,386 256,649 3,662                                                                                  
Property 1.43 483 Heartland Drive 12/31/2019 313,731 108,619 205,111 12/31/2018 289,331 95,678 193,653 12/31/2017 136,282 44,086 92,196     294,170 260,774 105,335 155,439 3,643                                                                                  
Property 1.44 1256 Oakbrook Drive 12/31/2019 280,108 73,017 207,091 12/31/2018 257,044 65,952 191,092 12/31/2017 247,333 68,959 178,374     286,234 255,856 73,681 182,176 4,039                                                                                  
Property 1.45 550 Heartland 12/31/2019 271,775 68,070 203,705 12/31/2018 257,714 59,159 198,554 12/31/2017 134,509 33,425 101,083     269,232 255,771 65,532 190,238 3,033                                                                                  
Property 1.46 Rittiman East Industrial Park #22 12/31/2019 244,870 85,681 159,189 12/31/2018 263,606 88,793 174,813             295,683 259,683 89,173 170,511 3,703                                                                                  
Loan 2 Moffett Towers Buildings A, B & C(2)(32) 12/31/2019 50,292,627 12,255,535 38,037,092 12/31/2018 49,341,867 11,771,512 37,570,355 12/31/2017 43,554,008 12,008,858 31,545,149 13.1% 12.8% 71,397,567 69,255,640 11,194,319 58,061,321 190,300                                                                                  
Property 2.01 Moffett Towers Building A                                                                                                                        
Property 2.02 Moffett Towers Building B                                                                                                                        
Property 2.03 Moffett Towers Building C                                                                                                                        
Loan 3 Tropical Distribution Center                         7.7% 7.6% 7,072,404 6,895,594 1,122,265 5,773,329 42,750                                                                                  
Loan 4 BX Industrial Portfolio(2)(32) 03/31/2020 68,047,168 17,089,007 50,958,160 12/31/2019 66,763,069 18,447,435 48,315,634 12/31/2018 58,809,513 16,639,572 42,169,941 12.8% 12.0% 80,119,093 68,219,859 19,321,765 48,898,094 1,109,771                                                                                  
Property 4.01 Bridgewater Center 1                                                                                                                        
Property 4.02 401 E Laraway Rd                                                                                                                        
Property 4.03 Rochelle 1                                                                                                                        
Property 4.04 350A Salem Church Rd                                                                                                                        
Property 4.05 Romeoville Bldg 1                                                                                                                        
Property 4.06 251 E Laraway Rd                                                                                                                        
Property 4.07 7940 Kentucky                                                                                                                        
Property 4.08 Mountain Top Distribution Center 2                                                                                                                        
Property 4.09 Enterprise Parkway                                                                                                                        
Property 4.10 Cavalier I                                                                                                                        
Property 4.11 1910 International                                                                                                                        
Property 4.12 Glen Dale                                                                                                                        
Property 4.13 Romeoville Bldg 2                                                                                                                        
Property 4.14 Enterprise Distribution Center 1                                                                                                                        
Property 4.15 2270 Woodale                                                                                                                        
Property 4.16 2950 Lexington Ave South                                                                                                                        
Property 4.17 Rivers Bend Center 1B                                                                                                                        
Property 4.18 DFW Logistics Center (Bldg 4)                                                                                                                        
Property 4.19 Rivers Bend Center 1C                                                                                                                        
Property 4.20 Territorial                                                                                                                        
Property 4.21 Diamond Hill 2                                                                                                                        
Property 4.22 Rivers Bend Center 2A                                                                                                                        
Property 4.23 Rivers Bend Center 1A                                                                                                                        
Property 4.24 Diamond Hill 3                                                                                                                        
Property 4.25 Whippany Business Center 1                                                                                                                        
Property 4.26 The Colony Land                                                                                                                        
Property 4.27 Shawnee Distribution Center 1                                                                                                                        
Property 4.28 Rivers Bend Center 2B                                                                                                                        
Property 4.29 7930 Kentucky                                                                                                                        
Property 4.30 Dues Dr Distribution Center 1                                                                                                                        
Property 4.31 Gibraltar                                                                                                                        
Property 4.32 Diamond Hill 1                                                                                                                        

 

  

 

 

Benchmark 2020-B18                      
                                             
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES              
                                                           
                                                                                                                             
              Second Most Second Second Second Third Most Third Third Third                                                                                                
      Most Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten  Underwritten  Underwritten  Underwritten                                                                                  
Loan ID Property Name Statements Date EGI ($) Expenses($) NOI($)(12) Statements Date EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield(11) Debt Yield(11)  Revenue($)  EGI($)  Expenses($)  NOI ($)(12)  Reserves($)                                                                                  
Property 4.33 DFW Logistics Center (Bldg 3)                                                                                                                        
Property 4.34 Elk Grove Distribution Center 1                                                                                                                        
Property 4.35 1000 Lucas Way                                                                                                                        
Property 4.36 Lakeview                                                                                                                        
Property 4.37 DFW Logistics Center (Bldg 5)                                                                                                                        
Property 4.38 9756 International                                                                                                                        
Property 4.39 350B Salem Church Rd                                                                                                                        
Property 4.40 6105 Trenton Ln                                                                                                                        
Property 4.41 300 Salem Church Rd                                                                                                                        
Property 4.42 Tower                                                                                                                        
Property 4.43 1940 Fernbrook Ln                                                                                                                        
Property 4.44 Production Distribution Center 1                                                                                                                        
Property 4.45 Culpeper                                                                                                                        
Property 4.46 Fairfield Distribution Center 1                                                                                                                        
Property 4.47 Cavalier II                                                                                                                        
Property 4.48 World Park II                                                                                                                        
Property 4.49 Diamond Hill 4                                                                                                                        
Property 4.50 2290-2298 Woodale                                                                                                                        
Property 4.51 514 Butler Rd                                                                                                                        
Property 4.52 Northridge II                                                                                                                        
Property 4.53 2222 Woodale                                                                                                                        
Property 4.54 Northridge I                                                                                                                        
Property 4.55 Romeoville Distribution Center 1                                                                                                                        
Property 4.56 1825 Airport Exchange                                                                                                                        
Property 4.57 7453 Empire - Bldg C                                                                                                                        
Property 4.58 Rivers Bend Center 1D                                                                                                                        
Property 4.59 Heathrow                                                                                                                        
Property 4.60 2240-2250 Woodale                                                                                                                        
Property 4.61 273 Industrial Way                                                                                                                        
Property 4.62 7453 Empire - Bldg B                                                                                                                        
Property 4.63 7453 Empire - Bldg A                                                                                                                        
Property 4.64 Rivers Bend Center - Land                                                                                                                        
Property 4.65 Production Distribution Center 1B                                                                                                                        
Property 4.66 Bridgewater Center 2                                                                                                                        
Property 4.67 Laraway Land 1                                                                                                                        
Property 4.68 Laraway Land 2                                                                                                                        
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34) 03/31/2020 2,001,882,325 1,515,036,619 486,845,706 12/31/2019 2,106,295,488 1,586,215,135 520,080,353 12/31/2018 2,191,540,530 1,574,171,264 617,369,266 17.9% 17.9% 2,106,295,488 2,106,295,488 1,586,215,135 520,080,353 32,774,592                                                                                  
Property 5.01 MGM Grand 03/31/2020 1,097,186,178 834,198,209 262,987,969 12/31/2019 1,161,850,748 879,242,083 282,608,665 12/31/2018 1,226,105,346 854,539,115 371,566,231     1,161,850,748 1,161,850,748 879,242,083 282,608,665 16,011,953                                                                                  
Property 5.02 Mandalay Bay 03/31/2020 904,696,147 680,838,410 223,857,737 12/31/2019 944,444,740 706,973,052 237,471,688 12/31/2018 965,435,184 719,632,149 245,803,035     944,444,740 944,444,740 706,973,052 237,471,688 16,762,639                                                                                  
Loan 6 1633 Broadway(2)(32)(34) 05/31/2020 184,447,000 73,621,000 110,826,000 T-12 9/30/2019 182,760,348 71,951,033 110,809,315 12/31/2018 179,219,236 70,120,786 109,098,450 11.9% 11.7% 198,756,496 190,585,947 71,435,784 119,150,163 461,072                                                                                  
Loan 7 711 Fifth Avenue(2)(34) 03/31/2020 69,060,254 21,771,999 47,288,255 12/31/2019 69,563,590 20,967,241 48,596,349 12/31/2018 63,038,695 18,950,129 44,088,566 9.4% 9.3% 81,873,643 74,193,553 22,888,769 51,304,783 85,006                                                                                  
Loan 8 280 North Bernardo(2)                         9.3% 9.1% 7,138,330 6,781,414 203,442 6,577,971 16,673                                                                                  
Loan 9 420 Taylor Street(2)                         9.4% 9.3% 9,765,672 9,325,388 1,035,842 8,289,546 23,243                                                                                  
Loan 10 3000 Post Oak(2)(33) 04/30/2020 15,001,353 5,016,567 9,984,787 12/31/2019 15,001,369 5,057,914 9,943,455 12/31/2018 14,934,019 5,158,463 9,775,556 12.0% 11.1% 13,560,189 14,781,135 5,159,071 9,622,064 88,305                                                                                  
Loan 11 Chase Center Tower I(2)(32)                         13.9% 13.8% 35,824,722 34,033,485 13,734,122 20,299,364 63,532                                                                                  
Loan 12 Chase Center Tower II(2)(32)                         13.9% 13.8% 30,325,271 28,809,008 11,649,708 17,159,300 53,710                                                                                  
Loan 13 Brass Professional Center(2) 05/31/2020 10,124,420 4,753,403 5,371,017 12/31/2019 10,044,256 4,929,005 5,115,251 12/31/2018 9,900,571 4,958,082 4,942,489 9.2% 8.2% 12,059,184 10,236,052 4,911,444 5,324,608 115,154                                                                                  
Loan 14 Flushing Commons(35)                         8.9% 8.6% 3,561,873 2,847,994 342,816 2,505,178 4,500                                                                                  
Loan 15 Apollo Education Group HQ Campus(2)                         14.9% 14.1% 14,325,973 13,609,674   13,609,674 119,933                                                                                  
Loan 16 Bellagio Hotel and Casino(2)(32)(34) 03/31/2020 1,309,239,268 861,354,524 447,884,744 12/31/2019 1,344,644,527 880,288,629 464,355,898 12/31/2018 1,367,835,267 877,969,225 489,866,042 28.3% 27.1% 1,349,062,464 1,349,062,464 874,997,149 474,065,315 20,235,937                                                                                  
Loan 17 Southcenter Mall(2) 10/31/2019 60,001,063 18,292,261 41,708,802 12/31/2018 63,260,401 19,078,116 44,182,284 12/31/2017 61,877,793 18,294,166 43,583,627 19.6% 19.1% 65,448,009 59,376,497 16,700,013 42,676,484 148,783                                                                                  
Loan 18 CityLine Augusta Portfolio 05/31/2020 2,530,957 554,974 1,975,983 12/31/2019 2,546,623 537,417 2,009,207 12/31/2018 2,499,862 508,365 1,991,498 8.9% 8.7% 2,821,416 2,530,957 781,955 1,749,002 32,166                                                                                  
Property 18.01 Belair Dyess Self Storage 05/31/2020 1,205,442 276,808 928,634 12/31/2019 1,216,949 264,385 952,564 12/31/2018 1,208,585 284,148 924,437     1,469,868 1,205,442 363,820 841,622 12,927                                                                                  
Property 18.02 Wheeler Self Storage 05/31/2020 1,325,515 278,166 1,047,349 12/31/2019 1,329,674 273,031 1,056,643 12/31/2018 1,291,277 224,217 1,067,061     1,351,548 1,325,515 418,135 907,380 19,239                                                                                  
Loan 19 364 Lincoln(29) 03/31/2020 1,779,584 512,879 1,266,705 12/31/2019 1,780,520 548,531 1,231,989 12/31/2018 1,591,947 542,533 1,049,415 7.1% 7.1% 1,930,293 1,802,966 519,188 1,283,778 11,000                                                                                  
Loan 20 Jasmine Cove(34) 03/31/2020 2,386,536 1,049,652 1,336,884 12/31/2018 2,326,079 1,014,452 1,311,627 12/31/2017 2,359,091 990,566 1,368,525 8.8% 8.5% 2,424,758 2,382,109 1,064,457 1,317,653 46,000                                                                                  
Loan 21 Battery Park Lofts 05/30/2020 1,371,522 419,861 951,662                 7.9% 7.7% 1,608,432 1,481,942 363,335 1,118,607 20,500                                                                                  
Loan 22 Kings Plaza(2)(33)(35) 03/31/2020 82,129,083 30,429,037 51,700,046 12/31/2019 79,062,917 29,497,775 49,565,143 12/31/2018 69,684,148 27,595,961 42,088,187 10.7% 10.5% 74,124,373 81,045,187 29,004,262 52,040,925 139,559                                                                                  
Loan 23 84 14th Street                         8.3% 8.0% 1,065,680 1,106,596 80,239 1,026,357 3,968                                                                                  
Loan 24 Edge 32 Apartments 05/31/2020 1,242,781 514,840 727,941 12/31/2018 939,084 497,013 442,071         8.3% 8.1% 1,237,190 1,240,991 414,588 826,403 15,000                                                                                  
Loan 25 Cambridge Club Apartments(29) 04/30/2020 1,641,299 787,866 853,433 12/31/2019 1,636,725 777,821 858,903 12/31/2018 1,621,556 776,666 844,891 8.5% 8.2% 1,673,974 1,641,298 787,318 853,981 32,400                                                                                  
Loan 26 1725 N Commerce Parkway 05/31/2020 1,457,536 401,155 1,056,381 12/31/2019 1,498,738 381,647 1,117,091 12/31/2018 1,466,248 328,593 1,137,655 11.6% 10.7% 1,587,056 1,560,290 485,861 1,074,429 19,066                                                                                  
Loan 27 CityLine Hattiesburg 05/31/2020 1,209,583 398,062 811,521 12/31/2019 1,215,477 398,816 816,660 12/31/2018 1,164,853 402,389 762,464 9.7% 9.5% 1,337,040 1,209,583 405,967 803,616 15,062                                                                                  
Loan 28 OrthoSouth                         11.1% 10.6% 1,557,543 1,440,727 593,363 847,364 5,981                                                                                  
Property 28.01 Primary Parkway                             873,082 807,601 303,582 504,019 3,350                                                                                  
Property 28.02 Southaven                             684,460 633,126 289,780 343,345 2,631                                                                                  
Loan 29 Strathmore Apartments 05/31/2020 1,349,665 695,518 654,147                 9.5% 9.3% 1,386,559 1,352,851 661,832 691,019 15,600                                                                                  
Loan 30 630 W Lake 04/30/2020 659,726 167,321 492,405 12/31/2019 670,819 150,984 519,835         8.5% 8.3% 801,227 765,582 192,092 573,490 6,531                                                                                  
Loan 31 2 Laurel Drive 04/30/2020 550,583 188,203 362,380 12/31/2019 401,520 195,291 206,228         10.7% 10.1% 1,001,229 951,168 243,802 707,366 7,350                                                                                  
Loan 32 CityLine Flagstaff 04/30/2020 829,923 234,377 595,545 12/31/2019 801,874 236,275 565,600 12/31/2018 755,677 231,714 523,963 8.9% 8.7% 934,572 829,923 245,456 584,467 7,350                                                                                  
Loan 33 968-970 Gates Ave T-1 5/31/2020 Ann. 513,135 54,425 458,710                 7.6% 7.5% 600,000 537,600 83,012 454,588 4,000                                                                                  
Loan 34 CityLine Wisconsin 04/30/2020 932,489 355,984 576,505 12/31/2019 911,600 381,034 530,566 12/31/2018 789,129 346,179 442,950 9.0% 8.8% 1,048,380 932,489 374,863 557,627 9,168                                                                                  
Loan 35 StorQuest Self Storage - Modesto 04/30/2020 1,085,177 336,191 748,986 12/31/2019 1,067,803 342,159 725,644 12/31/2018 1,049,955 336,683 713,272 14.9% 14.5% 1,176,676 1,085,177 341,455 743,722 18,666                                                                                  
Loan 36 StorQuest Self Storage - Ceres 04/30/2020 763,495 274,262 489,233 12/31/2019 757,892 269,933 487,958 12/31/2018 753,795 252,021 501,773 12.2% 11.9% 807,648 763,495 274,168 489,326 12,751                                                                                  
Loan 37 Castle Rock Self Storage 04/30/2020 818,221 306,385 511,836 12/31/2019 787,155 298,777 488,378 12/31/2018 781,703 281,124 500,579 12.7% 12.5% 939,594 818,221 309,549 508,672 8,031                                                                                  

 

  

 

 

Benchmark 2020-B18                                
                                   
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                                     
                                                                                                                             
                                                                                                                             
      Underwritten Underwritten Ownership Ground Lease Ground Lease     Lease     Lease     Lease                                                                                            
Loan ID Property Name TI/LC($) NCF ($) Interest(17)  Expiration(18)  Extension Terms(18) Largest Tenant(19)(20)(21)(22) SF   Expiration 2nd Largest Tenant(21)(22) SF Expiration 3rd Largest Tenant SF Expiration                                                                                            
Loan 1 Agellan Portfolio(2)(32)(33) 2,623,997 32,906,361 Fee Simple                                                                                                                  
Property 1.01 Sarasota Distribution Hub 221,915 4,114,950 Fee Simple     United Natural Foods, Inc. 463,172 07/31/2022 Beall’s, Inc. 200,000 09/30/2021 Access USA 163,277 09/30/2024                                                                                            
Property 1.02 Naperville Woods Office Center 763,904 6,191,838 Fee Simple     Health Care Service Corp. 177,114 11/30/2025 ALDI, Inc. 137,986 12/31/2028 U.S. Bank 33,936 07/31/2027                                                                                            
Property 1.03 Southpark Business Park FOP 45,799 2,238,041 Fee Simple     Life Technologies Corporation 103,645 06/30/2025 Asuragen 69,638 08/31/2023 Genotox Laboratories, Ltd. 13,792 09/30/2025                                                                                            
Property 1.04 Supervalu 62,135 1,397,227 Fee Simple     Moran Foods LLC 253,800 09/30/2025 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.05 Plainfield Business Center IV 106,338 1,129,525 Fee Simple     Ceva Freight LLC 333,397 08/31/2022 Burlington Mattress Co. LLC 100,957 12/31/2022 NAP NAP NAP                                                                                            
Property 1.06 Beltway III 206,716 1,665,594 Fee Simple     Disa Global Solutions, Inc. 34,919 08/31/2027 Community Health Choice, Inc. 32,884 11/30/2023 Convergent Outsourcing, Inc. 31,709 11/30/2027                                                                                            
Property 1.07 4405 Continental Dr 97,927 1,827,786 Fee Simple     General Motors LLC 400,000 08/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.08 Beltway IV 208,515 926,638 Fee Simple     Allstate Insurance Co. 75,623 05/31/2024 Walgreens Co. 19,982 09/06/2022 NAP NAP NAP                                                                                            
Property 1.09 Sandy Plains Business Park 40,965 1,068,628 Fee Simple     Softtouch Medical LLC 22,624 04/30/2021 Dish Network Service LLC 19,848 01/31/2025 Kone, Inc 15,384 12/31/2024                                                                                            
Property 1.10 Coliseum Distribution Center #1 50,922 806,548 Fee Simple     VTech Communications, Inc. 208,000 07/31/2022 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.11 Silber Industrial Park 48,711 772,560 Fee Simple     RedCo Distribution, LLC. 53,663 05/31/2024 Veritrust Corporation 41,937 04/30/2023 Schindler Elevator Corporation 23,885 12/31/2022                                                                                            
Property 1.12 Southpark Business Park M 17,762 885,506 Fee Simple     Ideal Power, Inc. 14,782 05/31/2021 Kennedy Creative Company 14,361 01/31/2022 DunAn Microstaq, Inc. 12,062 10/31/2023                                                                                            
Property 1.13 West by Northwest Business Blvd 30,051 764,410 Fee Simple     AV8 MRO, LLC 28,933 12/31/2026 Compudata Products, Inc. 18,790 01/31/2023 Camfil USA, Inc. 15,050 10/31/2024                                                                                            
Property 1.14 Norcross Center 41,607 835,119 Fee Simple     MDI Creative Inc 19,848 05/31/2021 Heritage Food Srvc 19,178 07/31/2022 Marelli USA, Inc. 18,775 07/31/2022                                                                                            
Property 1.15 Goshen Springs 37,290 648,972 Fee Simple     Masada Bakery Inc 49,928 02/28/2024 Olympic Printing 19,740 11/30/2024 Advanced Home Care Inc 19,478 01/31/2025                                                                                            
Property 1.16 Long Point Center 46,437 641,768 Fee Simple     IT Remarketing, Inc. 47,700 12/31/2020 Stage 3 Separation, LLC 39,830 11/30/2020 Faber CNK Stone Corp. 34,382 09/30/2022                                                                                            
Property 1.17 Corridor Park D 13,734 606,833 Fee Simple     The Jewelry Channel, Inc. 56,100 06/30/2024 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.18 Southport 1-4 36,576 512,918 Fee Simple     Physicians Dialysis / DaVita 20,137 03/31/2024 EPMA / Johnstone Supply 14,268 MTM Industrial Equipment Company 11,750 01/31/2024                                                                                            
Property 1.19 Jameel 23,233 613,061 Fee Simple     Audio Fidelity Communications 21,531 12/31/2020 Otis Elevator Company 12,958 07/31/2022 Indeco Sales, Inc. 10,267 07/31/2023                                                                                            
Property 1.20 Beltway II 159,968 -822,801 Fee Simple     Principal Management Group 13,402 03/31/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.21 Braker Center 4 11,240 533,541 Fee Simple     Motorola Solutions Inc 7,003 01/31/2023 Guardian Protection Services, Inc. 5,390 10/31/2023 Evermore Systems, Inc. 4,500 10/31/2020                                                                                            
Property 1.22 Northgreen 1-4 29,069 259,052 Fee Simple     Envir. Sampling Supply, Inc. 10,414 02/28/2021 Telecom Technicians, Inc. 8,846 10/31/2020 Viridis Energy (Texas), LP 8,400 12/31/2020                                                                                            
Property 1.23 Minimax 29,334 489,518 Fee Simple     AmericanStar Mattress LLC 39,430 04/30/2021 Ole Mexican Foods 22,600 09/30/2024 Mogen Industrial (USA), Inc. 17,500 11/30/2020                                                                                            
Property 1.24 Southpark Business Park E 12,233 529,113 Fee Simple     Harmony Public Schools 49,966 08/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.25 9385 Washington Blvd 14,099 384,906 Fee Simple     Sell Your Car Here LLC 10,800 08/31/2021 Granix, LLC 10,800 09/30/2022 Facema 9,000 06/30/2024                                                                                            
Property 1.26 Rothway 18,474 95,315 Fee Simple     TestAmerica Laboratories, Inc. 29,230 02/28/2021 Jotron USA, Inc. 3,848 02/28/2027 NAP NAP NAP                                                                                            
Property 1.27 2730 Pinnacle 11,014 410,030 Fee Simple     Fox Valley Fire & Safety Co 44,990 08/31/2028 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.28 Columbus West - Interchange Rd 22,327 346,561 Fee Simple     Essilor of America 16,000 09/30/2021 New Aqua LLC 14,400 03/31/2021 King Bee Delivery 9,600 03/31/2021                                                                                            
Property 1.29 1346 Oakbrook Drive 17,527 388,326 Fee Simple     Guardian of Georgia 30,530 08/31/2021 Ezwhelp, Inc. 12,764 05/31/2023 PWI Partners Inc 10,400 09/30/2021                                                                                            
Property 1.30 1230-1236 Hardt Circle 14,709 225,566 Fee Simple     Dener 15,060 05/31/2023 S&S Inspection 15,060 10/31/2025 TMC Supply Center Inc. 15,020 01/31/2021                                                                                            
Property 1.31 Pine Forest Business Park 19,608 -49,875 Fee Simple     Alarmax Distributors, Inc. 14,759 08/31/2026 Camp Wampum, Ltd. 10,000 10/31/2020 NAP NAP NAP                                                                                            
Property 1.32 Rittiman East Industrial Park #23 & 24 12,438 277,809 Fee Simple     Tri-Rep Sales, Inc. 8,200 06/30/2021 Fleetwash Inc. 7,200 12/31/2024 Kenneth Stanley d/b/a Colors Unlimited 7,128 07/31/2024                                                                                            
Property 1.33 1351 Oakbrook Drive 8,933 149,587 Fee Simple     M Southern Design Concept 5,439 04/30/2024 TNC Atlanta, LLC 4,587 07/31/2024 TLLW, Inc 2,700 07/31/2021                                                                                            
Property 1.34 1325 Oakbrook Drive 13,005 261,832 Fee Simple     Minton-Jones Company 16,640 01/31/2022 Vanguard Commercial Flooring, LLC 13,432 12/31/2024 Specialty Tile Products 12,808 08/31/2022                                                                                            
Property 1.35 490 Heartland Drive 9,675 271,552 Fee Simple     McNeilus Financial, Inc 39,520 12/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.36 1265 Oakbrook Drive 12,535 239,997 Fee Simple     Carnett’s Management Company 26,200 02/28/2023 Sigma Foods, Inc 15,000 10/31/2022 Southern Sweepers & Scrub 10,000 09/30/2024                                                                                            
Property 1.37 Columbus West - Business Park 22,675 -156,820 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.38 1155 Bowes Road 8,422 -87,185 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.39 1280 Oakbrook Drive 11,360 228,138 Fee Simple     Southern Company Svcs 46,400 12/31/2020 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.40 Cox Business Center 12,740 223,229 Fee Simple     Intragenix, LLC 27,040 04/30/2024 TempFlex Industrial Solutions, LLC 10,000 01/31/2023 Amify, LLC 10,000 01/31/2022                                                                                            
Property 1.41 2002 Bloomingdale 7,814 168,374 Fee Simple     Service247 of Illinois, Inc. 16,596 07/31/2025 Arena Event Services, Inc. 15,323 09/30/2021 NAP NAP NAP                                                                                            
Property 1.42 333 Charles Court 8,966 244,021 Fee Simple     Tacony Corporation 22,350 10/31/2021 Motion Industries, Inc. 7,450 08/31/2020 ACI Plastics & Manufacturing, Inc. 6,823 02/28/2022                                                                                            
Property 1.43 483 Heartland Drive 8,918 142,878 Fee Simple     Tek Panel, Inc 12,625 02/28/2021 International Valve Manufacturing, LLC 11,032 12/31/2022 Tuskin Equipment Corporation 6,961 09/30/2020                                                                                            
Property 1.44 1256 Oakbrook Drive 9,889 168,248 Fee Simple     Hi-Tech Pharmaceuticals, Inc 15,162 11/30/2020 Crossville, Inc 10,126 09/30/2023 Americare, LLC 10,041 08/31/2021                                                                                            
Property 1.45 550 Heartland 7,425 179,781 Fee Simple     Deep Coat, LLC 30,328 12/31/2020 NAP NAP NAP NAP NAP NAP                                                                                            
Property 1.46 Rittiman East Industrial Park #22 9,065 157,744 Fee Simple     HEB Grocery Company, LP 16,226 11/30/2021 Peter Pan Novelty Co. Inc. 11,800 09/30/2020 BBMK, LLC d/b/a Blue Team Restoration 3,000 08/31/2022                                                                                            
Loan 2 Moffett Towers Buildings A, B & C(2)(32) 1,020,990 56,850,031 Fee Simple                                                                                                                  
Property 2.01 Moffett Towers Building A     Fee Simple     Google 317,166 06/30/2026 NAP NAP NAP NAP NAP NAP                                                                                            
Property 2.02 Moffett Towers Building B     Fee Simple     Google 317,166 12/31/2030 NAP NAP NAP NAP NAP NAP                                                                                            
Property 2.03 Moffett Towers Building C     Fee Simple     Google 181,196 09/30/2027 Comcast 111,707 10/31/2027 Level 10 Construction 12,944 02/29/2024                                                                                            
Loan 3 Tropical Distribution Center   5,730,579 Fee Simple     Amazon.com Services LLC 855,000 06/30/2034 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 4 BX Industrial Portfolio(2)(32) 2,219,543 45,568,781 Various Various                                                                                                                
Property 4.01 Bridgewater Center 1     Fee Simple     Research Assist, Inc 2,179 12/31/2020 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.02 401 E Laraway Rd     Fee Simple     Amazon 475,104 07/31/2025 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.03 Rochelle 1     Fee Simple     Del Monte Foods, Inc. 312,750 04/30/2021 Clarkwestern Dietrich Building Systems LLC 266,825 10/14/2028 NAP NAP NAP                                                                                            
Property 4.04 350A Salem Church Rd     Fee Simple     DHL 405,100 07/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.05 Romeoville Bldg 1     Fee Simple     Sealed Air Corporation 106,876 07/31/2023 Amazon 93,048 07/31/2029 NAP NAP NAP                                                                                            
Property 4.06 251 E Laraway Rd     Fee Simple     National Distribution Centers, LLC 374,460 06/30/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.07 7940 Kentucky     Fee Simple     The United States of America 121,345 10/31/2028 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.08 Mountain Top Distribution Center 2     Fee Simple     Signify North America Corp 400,000 04/30/2022 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.09 Enterprise Parkway     Fee Simple     Tecnico Corporation 155,107 03/31/2022 E & J Acquisition, LLC 119,099 MTM TRG Customer Solutions, Inc. 34,109 12/31/2022                                                                                            
Property 4.10 Cavalier I     Fee Simple     Philadelphia Truck Lines, Inc. 48,946 05/31/2027 Noble Sales Co., Inc. 33,385 01/31/2024 Lasership Inc 33,370 12/31/2021                                                                                            
Property 4.11 1910 International     Fee Simple     Qualis Automotive, L.L.C. 300,000 10/31/2022 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.12 Glen Dale     Fee Simple     Upper Crust Bakery Limited Partnership 118,315 10/31/2028 American Combustion Industries, Inc. 23,297 06/30/2024 Trinity Highway Rentals, Inc. 17,047 02/29/2024                                                                                            
Property 4.13 Romeoville Bldg 2     Fee Simple     DS Smith Extrusion USA, LLC 61,689 09/30/2027 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.14 Enterprise Distribution Center 1     Fee Simple     Verst Group Logistics Inc. 143,000 07/31/2020 Commonwealth Warehouse, Inc. 132,000 04/30/2023 NAP NAP NAP                                                                                            
Property 4.15 2270 Woodale     Fee Simple     Quanex Building Products Corp 94,148 02/28/2021 Coag Medical LLC 30,121 12/31/2021 The United States of America 20,514 MTM                                                                                            
Property 4.16 2950 Lexington Ave South     Fee Simple     Bell International Laboratories, Incorporated 122,032 12/31/2026 UFP Eagan LLC 37,553 05/31/2021 Consolidated Precision Products Corp. 24,960 05/31/2021                                                                                            
Property 4.17 Rivers Bend Center 1B     Fee Simple     Merit Medical Systems, Inc. 79,652 12/31/2022 Wayfair, LLC 46,275 01/31/2021 Trident Graphics NA LLC 44,873 08/31/2022                                                                                            
Property 4.18 DFW Logistics Center (Bldg 4)     Leasehold 09/19/2056 None The Coca-Cola Company 144,000 08/31/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.19 Rivers Bend Center 1C     Fee Simple     Capital One Services, LLC 158,400 08/31/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.20 Territorial     Fee Simple     Chicago Office Technology Group, Inc. 125,448 05/08/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.21 Diamond Hill 2     Fee Simple     Transnational Foods, Inc. 148,640 10/31/2020 Amazon 75,980 09/30/2026 NAP NAP NAP                                                                                            
Property 4.22 Rivers Bend Center 2A     Fee Simple     Nestor Imports, Inc. 61,504 07/31/2027 Bimbo Bakeries USA, Inc. 57,668 12/31/2025 Lidl US Trading, LLC 21,583 07/31/2027                                                                                            
Property 4.23 Rivers Bend Center 1A     Fee Simple     Maximus Federal Services, Inc. 123,980 06/30/2022 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.24 Diamond Hill 3     Fee Simple     Barton Mines Company, LLC 100,221 12/31/2020 Carroll’s, LLC 66,800 05/31/2026 NAP NAP NAP                                                                                            
Property 4.25 Whippany Business Center 1     Fee Simple     State of New Jersey 28,211 MTM Publishers Circulation Fulfillment, Inc. 19,476 02/28/2023 Samuels, Inc. 16,788 10/31/2023                                                                                            
Property 4.26 The Colony Land     Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.27 Shawnee Distribution Center 1     Fee Simple     Ford Motor Company 223,200 09/30/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.28 Rivers Bend Center 2B     Fee Simple     Lidl US Trading, LLC 158,400 07/31/2027 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.29 7930 Kentucky     Fee Simple     Graham Packaging Pet Technologies, Inc. 109,650 12/31/2021 Aristech Surfaces, LLC 109,650 05/31/2021 NAP NAP NAP                                                                                            
Property 4.30 Dues Dr Distribution Center 1     Fee Simple     Lasership Inc 64,640 04/30/2023 Hanna Paper Recycling (Midwest) Inc. 57,500 04/30/2024 NAP NAP NAP                                                                                            
Property 4.31 Gibraltar     Fee Simple     Jernberg Industries, LLC 110,000 12/31/2020 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.32 Diamond Hill 1     Fee Simple     Eska USA B.V., Inc. 152,600 05/31/2024 NAP NAP NAP NAP NAP NAP                                                                                            

 

  

 

 

Benchmark 2020-B18

 

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

 

                                                                                                                             
                                                                                                                             
      Underwritten Underwritten Ownership Ground Lease Ground Lease     Lease     Lease     Lease                                                                                            
Loan ID Property Name TI/LC($) NCF ($) Interest(17)  Expiration(18)  Extension Terms(18) Largest Tenant(19)(20)(21)(22) SF   Expiration 2nd Largest Tenant(21)(22) SF Expiration 3rd Largest Tenant SF Expiration                                                                                            
Property 4.33 DFW Logistics Center (Bldg 3)     Leasehold 08/01/2056 None Siemens Postal, Parcel & Airport Logistics LLC 120,000 06/30/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.34 Elk Grove Distribution Center 1     Fee Simple     Acme Industries, Inc. 150,700 08/31/2028 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.35 1000 Lucas Way     Fee Simple     Measurement Specialties, Inc. 120,000 07/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.36 Lakeview     Fee Simple     ThredUp Inc. 132,851 01/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.37 DFW Logistics Center (Bldg 5)     Leasehold 11/07/2056 None Aramark Refreshment Services, LLC 52,557 12/31/2028 Newkirk Logistics, Inc. 42,600 12/31/2023 R.S. Hughes Co., Inc. 21,000 05/31/2028                                                                                            
Property 4.38 9756 International     Fee Simple     Taylor Logistics, Inc. 192,000 01/31/2024 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.39 350B Salem Church Rd     Fee Simple     DHL 134,500 07/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.40 6105 Trenton Ln     Fee Simple     Amazon 51,648 05/31/2025 Parsons Electric LLC 42,822 03/31/2030 NAP NAP NAP                                                                                            
Property 4.41 300 Salem Church Rd     Fee Simple     DHL 120,000 07/31/2021 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.42 Tower     Fee Simple     Fitzgerald Marketing and Comm 14,346 04/30/2022 Mistras Group, Inc. 14,200 12/31/2021 Panatrol Corporation 12,574 02/28/2025                                                                                            
Property 4.43 1940 Fernbrook Ln     Fee Simple     Signature Designer Services LLC 23,000 07/31/2023 Winfield Solutions, LLC 19,155 03/31/2022 Cheney, Inc. 18,000 12/31/2021                                                                                            
Property 4.44 Production Distribution Center 1     Fee Simple     Wayne/Scott Fetzer Company 232,880 04/30/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.45 Culpeper     Fee Simple     UFP Elkwood, LLC 150,000 07/31/2022 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.46 Fairfield Distribution Center 1     Fee Simple     Innomark Communications LLC 123,524 12/31/2020 Midwest Container Corporation 79,976 12/31/2024 NAP NAP NAP                                                                                            
Property 4.47 Cavalier II     Fee Simple     Cryomax U.S.A., Inc. 31,330 11/30/2023 Flowserve US Inc. 23,585 12/31/2020 Cost Business Services Corporation 23,580 12/31/2024                                                                                            
Property 4.48 World Park II     Fee Simple     Nu-Tech Polymers Co., Inc. 45,024 06/30/2023 Pitney Bowes Presort Services, Inc. 44,800 02/28/2021 NAP NAP NAP                                                                                            
Property 4.49 Diamond Hill 4     Fee Simple     Serco Inc. 75,700 06/30/2022 Sprintcom, Inc. 0 05/31/2032 NAP NAP NAP                                                                                            
Property 4.50 2290-2298 Woodale     Fee Simple     Magno International, L.P. 32,610 12/31/2024 Zero Gravity Trampoline Park 25,488 04/30/2022 Allina Health System 20,082 07/31/2022                                                                                            
Property 4.51 514 Butler Rd     Fee Simple     The United States of America 7,768 07/07/2033 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.52 Northridge II     Fee Simple     Remedi Seniorcare of Virginia, LLC 35,403 06/30/2028 Wells Fargo Bank N.A. 23,041 01/31/2022 Vogue Furniture Direct, Inc. 11,674 02/28/2021                                                                                            
Property 4.53 2222 Woodale     Fee Simple     Diversified Laboratory Testing, LLC 27,890 04/30/2024 UL LLC 10,116 11/30/2020 NAP NAP NAP                                                                                            
Property 4.54 Northridge I     Fee Simple     Datamatx, Incorporated 24,755 01/31/2022 TruGreen Limited Partnership 13,671 01/31/2022 Niche Logistics, LLC 11,521 05/31/2021                                                                                            
Property 4.55 Romeoville Distribution Center 1     Fee Simple     US Hose Corporation 75,250 05/31/2022 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.56 1825 Airport Exchange     Fee Simple     MT Brothers Group, Inc. 23,791 05/31/2024 D&W International, Inc. 12,365 03/31/2023 Accelerated Courier, Inc. 12,215 06/30/2022                                                                                            
Property 4.57 7453 Empire - Bldg C     Fee Simple     New Era Industrial, LLC 101,250 12/31/2024 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.58 Rivers Bend Center 1D     Fee Simple     Carl Zeiss Vision, Inc. 40,460 11/30/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.59 Heathrow     Fee Simple     SGS North America Inc 38,504 12/31/2024 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.60 2240-2250 Woodale     Fee Simple     Tacy, LLC 23,286 01/31/2024 Proguard Sports, Inc. 11,331 12/31/2024 Empirehouse Inc 7,934 09/30/2028                                                                                            
Property 4.61 273 Industrial Way     Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.62 7453 Empire - Bldg B     Fee Simple     North Bend Equipment LLC 20,175 MTM AIT Worldwide Logistics, Inc. 16,177 01/31/2021 Equipment Solutions Group LLC 7,360 12/31/2020                                                                                            
Property 4.63 7453 Empire - Bldg A     Fee Simple     Freight Rite, Inc. 47,840 MTM NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.64 Rivers Bend Center - Land     Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.65 Production Distribution Center 1B     Fee Simple     Wayne/Scott Fetzer Company 76,000 04/30/2023 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.66 Bridgewater Center 2     Fee Simple     U.S.A. Container Co., Inc. 102,000 02/28/2025 NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.67 Laraway Land 1     Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 4.68 Laraway Land 2     Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34)   487,305,761 Fee Simple                                                                                                                  
Property 5.01 MGM Grand   266,596,712 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 5.02 Mandalay Bay   220,709,049 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 6 1633 Broadway(2)(32)(34) 2,011,364 116,677,727 Fee Simple     Allianz Asset Management of America L.P. 320,911 01/31/2031 WMG Acquisition Corp 293,888 07/31/2029 Showtime Networks Inc 261,196 01/31/2026                                                                                            
Loan 7 711 Fifth Avenue(2)(34) 544,350 50,675,427 Fee Simple     SunTrust Banks 84,516 04/30/2024 Allen & Company 70,972 09/30/2033 Ralph Lauren 38,638 06/30/2029                                                                                            
Loan 8 280 North Bernardo(2) 111,154 6,450,144 Fee Simple     Aurora Innovations 111,154 03/31/2030 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 9 420 Taylor Street(2) 116,216 8,150,087 Fee Simple     NextDoor, Inc. 115,766 02/01/2029 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 10 3000 Post Oak(2)(33) 657,981 8,875,778 Fee Simple     Bechtel Oil, Gas and Chemicals, Inc. 436,651 07/31/2024 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 11 Chase Center Tower I(2)(32)   20,235,832 Fee Simple     Uber Technologies, Inc. 317,660 10/31/2039 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 12 Chase Center Tower II(2)(32)   17,105,590 Fee Simple     Uber Technologies, Inc. 268,548 09/30/2039 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 13 Brass Professional Center(2) 488,725 4,720,729 Fee Simple     QTC Management 46,227 04/30/2025 Aetna Health Management, LLC 41,255 08/31/2021 MCNA Insurance Company 32,686 04/30/2022                                                                                            
Loan 14 Flushing Commons(35) 98,846 2,401,832 Fee Simple     HaiDiLao Hotpot 12,463 08/31/2034 Empire Healthchoice HMO Inc. 4,990 06/30/2025 Atelier Fashion, Inc. 2,236 11/30/2028                                                                                            
Loan 15 Apollo Education Group HQ Campus(2) 599,664 12,890,078 Fee Simple     Apollo Education Group 599,664 03/01/2031 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 16 Bellagio Hotel and Casino(2)(32)(34)   453,829,378 Fee Simple/Leasehold 04/27/2033 Two, 20-year options NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 17 Southcenter Mall(2) 978,835 41,548,866 Fee Simple/Leasehold 06/30/2045 None American Multi-Cinema 70,000 07/31/2023 Seafood City 44,413 07/15/2025 Round One 40,576 07/31/2025                                                                                            
Loan 18 CityLine Augusta Portfolio   1,716,836 Fee Simple                                                                                                                  
Property 18.01 Belair Dyess Self Storage   828,695 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Property 18.02 Wheeler Self Storage   888,141 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 19 364 Lincoln(29)   1,272,778 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 20 Jasmine Cove(34)   1,271,653 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 21 Battery Park Lofts   1,098,107 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 22 Kings Plaza(2)(33)(35) 995,395 50,905,970 Fee Simple/Leasehold 05/28/2028 Three, 10-year options followed by one, nine-year option Lowe’s Home Centers 114,000 05/31/2028 Primark 102,805 07/31/2038 JCPenney 94,895 07/31/2038                                                                                            
Loan 23 84 14th Street 34,967 987,422 Fee Simple     Joyland Group LLC 11,830 02/28/2040 Human Care LLC 8,008 03/04/2035 NAP NAP NAP                                                                                            
Loan 24 Edge 32 Apartments   811,403 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 25 Cambridge Club Apartments(29)   821,581 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 26 1725 N Commerce Parkway 62,311 993,053 Fee Simple     Change Healthcare Resources Holdings, Inc. 52,960 02/28/2027 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 27 CityLine Hattiesburg   788,554 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 28 OrthoSouth 37,387 803,996 Fee Simple                                                                                                                  
Property 28.01 Primary Parkway 20,938 479,731 Fee Simple     MSK Group, PC d/b/a OrthoSouth 16,750 07/31/2035 NAP NAP NAP NAP NAP NAP                                                                                            
Property 28.02 Southaven 16,449 324,265 Fee Simple     MSK Group, P.C. dba OrthoSouth 13,156 07/31/2035 NAP NAP NAP NAP NAP NAP                                                                                            
Loan 29 Strathmore Apartments   675,419 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 30 630 W Lake 10,153 556,806 Fee Simple     Roti Roti 3,000 12/31/2022 Modern Medical Artistry LLC 2,379 04/24/2030 Komiko 1,765 10/31/2028                                                                                            
Loan 31 2 Laurel Drive 28,723 671,293 Fee Simple     Epicure Foods Corporation 35,700 02/28/2029 American Car Lift Service, LLC 29,000 08/31/2027 Redemption Road Foods, Inc. 8,800 04/30/2025                                                                                            
Loan 32 CityLine Flagstaff   577,117 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 33 968-970 Gates Ave   450,588 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 34 CityLine Wisconsin   548,459 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 35 StorQuest Self Storage - Modesto   725,056 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 36 StorQuest Self Storage - Ceres   476,575 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            
Loan 37 Castle Rock Self Storage   500,641 Fee Simple     NAP NAP NAP NAP NAP NAP NAP NAP NAP                                                                                            

 

  

 

 

Benchmark 2020-B18                                    
                                       
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                                         
                                                                                                                             
                      Upfront Monthly Upfront Monthly Upfront Monthly Upfront Monthly                                                                                        
          Lease     Lease   Occupancy Replacement Replacement TI/LC TI/LC Tax Tax Insurance Insurance                                                                                        
Loan ID Property Name 4th Largest Tenant(21) SF Expiration 5th Largest Tenant(21)(22) SF Expiration Occupancy(4)(19)(23) As-of Date Reserves($)(25) Reserves ($)(26) Reserves ($)(25) Reserves ($)(26)(28) Reserves ($)(25) Reserves ($)(26)(28) Reserves($)(25) Reserves ($)(26)                                                                                        
Loan 1 Agellan Portfolio(2)(32)(33)             90.4% Various   101,570 6,410,963 431,671   Springing   Springing                                                                                        
Property 1.01 Sarasota Distribution Hub Albert’s Organics 80,000 02/28/2025 NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.02 Naperville Woods Office Center IMEG Corp 32,205 05/31/2025 Equian, LLC 19,585 09/30/2028 95.4% 06/01/2020                                                                                                        
Property 1.03 Southpark Business Park FOP NAP NAP NAP NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.04 Supervalu NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.05 Plainfield Business Center IV NAP NAP NAP NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.06 Beltway III BBVA Compass Bank 31,054 07/31/2022 NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.07 4405 Continental Dr NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.08 Beltway IV NAP NAP NAP NAP NAP NAP 72.6% 06/01/2020                                                                                                        
Property 1.09 Sandy Plains Business Park Absolute Printing 13,928 10/31/2020 Vaperite Inc 13,194 03/31/2022 94.3% 06/01/2020                                                                                                        
Property 1.10 Coliseum Distribution Center #1 NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.11 Silber Industrial Park Pilkington North America, Inc. 16,127 05/31/2021 Audio Visual Services Group 13,630 06/30/2022 90.4% 06/01/2020                                                                                                        
Property 1.12 Southpark Business Park M Macquarie Holdings (USA) Inc. 9,761 01/31/2023 Maidbot, Inc. 9,153 12/31/2020 100.0% 06/01/2020                                                                                                        
Property 1.13 West by Northwest Business Blvd TTTE dba Craters & Freighters 14,165 12/31/2022 ABM Janitorial Svcs. Inc. 11,435 12/31/2023 91.5% 06/01/2020                                                                                                        
Property 1.14 Norcross Center Systel 17,884 10/31/2020 ATL Courier Inc 16,902 06/30/2024 100.0% 06/01/2020                                                                                                        
Property 1.15 Goshen Springs Blanke Corporation 13,126 12/31/2022 Kenosha Beef International, Ltd 13,014 11/30/2023 95.3% 06/01/2020                                                                                                        
Property 1.16 Long Point Center Hugh M Cunningham, Inc. 18,000 01/31/2023 ACS Flooring Group, Inc. 16,468 12/31/2023 94.3% 06/01/2020                                                                                                        
Property 1.17 Corridor Park D NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.18 Southport 1-4 C Bond Systems, LLC 8,385 05/31/2021 Regnah Industry, LLC 7,937 12/31/2022 77.7% 06/01/2020                                                                                                        
Property 1.19 Jameel Tubbesing Solutions, LLC 7,491 04/30/2022 Plant Interscapes, Inc. 7,302 03/31/2023 87.5% 06/01/2020                                                                                                        
Property 1.20 Beltway II NAP NAP NAP NAP NAP NAP 13.3% 06/01/2020                                                                                                        
Property 1.21 Braker Center 4 Fastenal Company 4,490 01/31/2021 Roku, Inc. 3,086 01/31/2024 90.3% 06/01/2020                                                                                                        
Property 1.22 Northgreen 1-4 CLMS Mgmt. Svcs. Ltd Partner. 8,040 07/31/2023 Evans Consoles, Inc. 4,560 12/31/2024 61.7% 06/01/2020                                                                                                        
Property 1.23 Minimax Pronto Vending, Ltd. 17,134 06/30/2021 Texas Receiving, LLC 13,094 09/30/2021 100.0% 06/01/2020                                                                                                        
Property 1.24 Southpark Business Park E NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.25 9385 Washington Blvd Revamped, LLC 9,000 04/30/2024 Tasty Shirt Company, Inc. 8,990 12/31/2022 92.2% 06/01/2020                                                                                                        
Property 1.26 Rothway NAP NAP NAP NAP NAP NAP 43.8% 06/01/2020                                                                                                        
Property 1.27 2730 Pinnacle NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.28 Columbus West - Interchange Rd Ocean Providence Columbus LLC 9,500 09/30/2023 Matthews International Corp 8,000 11/30/2020 89.5% 06/01/2020                                                                                                        
Property 1.29 1346 Oakbrook Drive Capital City Electrical 7,750 09/30/2023 Fabulous Picasso Brothers 5,200 MTM 100.0% 06/01/2020                                                                                                        
Property 1.30 1230-1236 Hardt Circle NAP NAP NAP NAP NAP NAP 75.1% 06/01/2020                                                                                                        
Property 1.31 Pine Forest Business Park NAP NAP NAP NAP NAP NAP 30.9% 06/01/2020                                                                                                        
Property 1.32 Rittiman East Industrial Park #23 & 24 Rbex, Inc. 5,550 08/31/2022 First Lan Corporation 4,800 05/31/2021 90.6% 06/01/2020                                                                                                        
Property 1.33 1351 Oakbrook Drive Fluid Engineering 2,333 09/30/2020 Water Restoration Pros, LLC 2,300 02/28/2022 68.5% 06/01/2020                                                                                                        
Property 1.34 1325 Oakbrook Drive Stone Center, LLC 10,240 12/31/2023 NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.35 490 Heartland Drive NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.36 1265 Oakbrook Drive NAP NAP NAP NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.37 Columbus West - Business Park NAP NAP NAP NAP NAP NAP 0.0% 07/07/2020                                                                                                        
Property 1.38 1155 Bowes Road NAP NAP NAP NAP NAP NAP 0.0% 07/07/2020                                                                                                        
Property 1.39 1280 Oakbrook Drive NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.40 Cox Business Center Laptop Fix, LLC 5,000 03/31/2023 NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.41 2002 Bloomingdale NAP NAP NAP NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.42 333 Charles Court NAP NAP NAP NAP NAP NAP 100.0% 06/01/2020                                                                                                        
Property 1.43 483 Heartland Drive NAP NAP NAP NAP NAP NAP 84.1% 06/01/2020                                                                                                        
Property 1.44 1256 Oakbrook Drive NAP NAP NAP NAP NAP NAP 87.5% 06/01/2020                                                                                                        
Property 1.45 550 Heartland NAP NAP NAP NAP NAP NAP 100.0% 07/07/2020                                                                                                        
Property 1.46 Rittiman East Industrial Park #22 NAP NAP NAP NAP NAP NAP 83.8% 06/01/2020                                                                                                        
Loan 2 Moffett Towers Buildings A, B & C(2)(32)             100.0% 01/01/2021   15,858 53,688,909     282,271   Springing                                                                                        
Property 2.01 Moffett Towers Building A NAP NAP NAP NAP NAP NAP 100.0% 01/01/2021                                                                                                        
Property 2.02 Moffett Towers Building B NAP NAP NAP NAP NAP NAP 100.0% 01/01/2021                                                                                                        
Property 2.03 Moffett Towers Building C Acuitus, Inc. 11,319 08/31/2024 NAP NAP NAP 100.0% 01/01/2021                                                                                                        
Loan 3 Tropical Distribution Center NAP NAP NAP NAP NAP NAP 100.0% 07/01/2020   Springing       Springing   Springing                                                                                        
Loan 4 BX Industrial Portfolio(2)(32)             87.3% 03/31/2020   Springing 4,048,428 Springing   Springing   Springing                                                                                        
Property 4.01 Bridgewater Center 1 NAP NAP NAP NAP NAP NAP 0.5% 03/31/2020                                                                                                        
Property 4.02 401 E Laraway Rd NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.03 Rochelle 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.04 350A Salem Church Rd NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.05 Romeoville Bldg 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.06 251 E Laraway Rd NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.07 7940 Kentucky NAP NAP NAP NAP NAP NAP 94.7% 03/31/2020                                                                                                        
Property 4.08 Mountain Top Distribution Center 2 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.09 Enterprise Parkway NAP NAP NAP NAP NAP NAP 76.6% 03/31/2020                                                                                                        
Property 4.10 Cavalier I Ann Sacks Tile and Stone, Inc. 33,205 MTM Pioneer Photo Albums, Inc. 33,025 07/31/2025 77.0% 03/31/2020                                                                                                        
Property 4.11 1910 International NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.12 Glen Dale Popowski Brothers, Inc. 9,537 MTM NAP NAP NAP 53.5% 03/31/2020                                                                                                        
Property 4.13 Romeoville Bldg 2 NAP NAP NAP NAP NAP NAP 30.9% 03/31/2020                                                                                                        
Property 4.14 Enterprise Distribution Center 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.15 2270 Woodale NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.16 2950 Lexington Ave South NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.17 Rivers Bend Center 1B NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.18 DFW Logistics Center (Bldg 4) NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.19 Rivers Bend Center 1C NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.20 Territorial NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.21 Diamond Hill 2 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.22 Rivers Bend Center 2A Johnson Brothers Liquor Company of California 1,000 07/31/2027 NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.23 Rivers Bend Center 1A NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.24 Diamond Hill 3 NAP NAP NAP NAP NAP NAP 62.6% 03/31/2020                                                                                                        
Property 4.25 Whippany Business Center 1 DSN Associates, LLC 13,210 05/31/2021 OCI Group Inc 5,500 01/31/2021 74.6% 03/31/2020                                                                                                        
Property 4.26 The Colony Land NAP NAP NAP NAP NAP NAP NAP NAP                                                                                                        
Property 4.27 Shawnee Distribution Center 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.28 Rivers Bend Center 2B NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.29 7930 Kentucky NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.30 Dues Dr Distribution Center 1 NAP NAP NAP NAP NAP NAP 40.3% 03/31/2020                                                                                                        
Property 4.31 Gibraltar NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.32 Diamond Hill 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        

 

  

 

 

Benchmark 2020-B18                                    
                                       
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                                         
                                                                                                                             
                      Upfront Monthly Upfront Monthly Upfront Monthly Upfront Monthly                                                                                        
          Lease     Lease   Occupancy Replacement Replacement TI/LC TI/LC Tax Tax Insurance Insurance                                                                                        
Loan ID Property Name 4th Largest Tenant(21) SF Expiration 5th Largest Tenant(21)(22) SF Expiration Occupancy(4)(19)(23) As-of Date Reserves($)(25) Reserves ($)(26) Reserves ($)(25) Reserves ($)(26)(28) Reserves ($)(25) Reserves ($)(26)(28) Reserves($)(25) Reserves ($)(26)                                                                                        
Property 4.33 DFW Logistics Center (Bldg 3) NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.34 Elk Grove Distribution Center 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.35 1000 Lucas Way NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.36 Lakeview NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.37 DFW Logistics Center (Bldg 5) NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.38 9756 International NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.39 350B Salem Church Rd NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.40 6105 Trenton Ln NAP NAP NAP NAP NAP NAP 77.4% 03/31/2020                                                                                                        
Property 4.41 300 Salem Church Rd NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.42 Tower Englert, Inc. 12,325 08/31/2021 Accel Entertainment 10,625 10/31/2023 77.0% 03/31/2020                                                                                                        
Property 4.43 1940 Fernbrook Ln The Rennebohm Company 17,964 07/31/2022 TSA Manufacturing Inc 9,854 08/31/2028 97.1% 03/31/2020                                                                                                        
Property 4.44 Production Distribution Center 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.45 Culpeper NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.46 Fairfield Distribution Center 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.47 Cavalier II Rentokil North America, Inc. 15,830 02/28/2023 NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.48 World Park II NAP NAP NAP NAP NAP NAP 53.7% 03/31/2020                                                                                                        
Property 4.49 Diamond Hill 4 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.50 2290-2298 Woodale NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.51 514 Butler Rd NAP NAP NAP NAP NAP NAP 12.6% 03/31/2020                                                                                                        
Property 4.52 Northridge II NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.53 2222 Woodale NAP NAP NAP NAP NAP NAP 68.2% 03/31/2020                                                                                                        
Property 4.54 Northridge I C. R. H. Catering Co., Inc. 11,110 02/28/2025 Storefront Glass Door and More L.L.C. 8,128 12/31/2022 100.0% 03/31/2020                                                                                                        
Property 4.55 Romeoville Distribution Center 1 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.56 1825 Airport Exchange Concentra Health Services, Inc. 11,083 04/30/2026 Consolidated Electrical Distributors, Inc. 8,295 05/31/2023 100.0% 03/31/2020                                                                                                        
Property 4.57 7453 Empire - Bldg C NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.58 Rivers Bend Center 1D NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.59 Heathrow NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.60 2240-2250 Woodale NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.61 273 Industrial Way NAP NAP NAP NAP NAP NAP NAP NAP                                                                                                        
Property 4.62 7453 Empire - Bldg B Maruka U.S.A. Inc. 4,130 11/30/2022 NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.63 7453 Empire - Bldg A NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.64 Rivers Bend Center - Land NAP NAP NAP NAP NAP NAP NAP NAP                                                                                                        
Property 4.65 Production Distribution Center 1B NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.66 Bridgewater Center 2 NAP NAP NAP NAP NAP NAP 100.0% 03/31/2020                                                                                                        
Property 4.67 Laraway Land 1 NAP NAP NAP NAP NAP NAP NAP NAP                                                                                                        
Property 4.68 Laraway Land 2 NAP NAP NAP NAP NAP NAP NAP NAP                                                                                                        
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34)             91.0% 03/31/2020   Springing       Springing   Springing                                                                                        
Property 5.01 MGM Grand NAP NAP NAP NAP NAP NAP 89.7% 03/31/2020                                                                                                        
Property 5.02 Mandalay Bay NAP NAP NAP NAP NAP NAP 92.4% 03/31/2020                                                                                                        
Loan 6 1633 Broadway(2)(32)(34) Morgan Stanley & Co 260,829 03/31/2032 Kasowitz Benson Torres 203,394 03/31/2037 98.4% 10/31/2019   Springing   Springing   Springing   Springing                                                                                        
Loan 7 711 Fifth Avenue(2)(34) Loro Piana USA 24,388 08/31/2025 Sandler Capital 17,200 06/30/2027 76.5% 01/31/2020   Springing   Springing   Springing   Springing                                                                                        
Loan 8 280 North Bernardo(2) NAP NAP NAP NAP NAP NAP 100.0% 07/06/2020   Springing 9,756,740   217,595 53,740   Springing                                                                                        
Loan 9 420 Taylor Street(2) NAP NAP NAP NAP NAP NAP 99.6% 07/06/2020 1,937 1,937 9,685 9,685 98,219 49,110 2,615 2,615                                                                                        
Loan 10 3000 Post Oak(2)(33) NAP NAP NAP NAP NAP NAP 99.4% 07/01/2020 8,095 8,095 55,190 55,190 391,962 195,981 206,002 18,727                                                                                        
Loan 11 Chase Center Tower I(2)(32) NAP NAP NAP NAP NAP NAP 100.0% 07/10/2020   Springing   Springing   Springing   Springing                                                                                        
Loan 12 Chase Center Tower II(2)(32) NAP NAP NAP NAP NAP NAP 100.0% 07/10/2020   Springing   Springing   Springing   Springing                                                                                        
Loan 13 Brass Professional Center(2) TNC (US) Holdings, Inc. 30,154 10/31/2028 MacAulay Brown, Inc. 20,628 11/30/2023 84.8% 04/01/2020   9,596   143,309 218,018 218,019   Springing                                                                                        
Loan 14 Flushing Commons(35) Metro City Bank 2,022 07/31/2028 Elements Pharmacy, Inc. 1,756 09/30/2029 83.0% 01/22/2020   375   2,500 45,750 11,438   Springing                                                                                        
Loan 15 Apollo Education Group HQ Campus(2) NAP NAP NAP NAP NAP NAP 100.0% 07/05/2020 9,994 9,994 49,972 49,972   Springing   Springing                                                                                        
Loan 16 Bellagio Hotel and Casino(2)(32)(34) NAP NAP NAP NAP NAP NAP 93.4% 03/31/2020   Springing       Springing   Springing                                                                                        
Loan 17 Southcenter Mall(2) The Container Store 25,452 02/28/2027 H&M 24,506 01/31/2029 84.1% 11/30/2019   Springing   Springing   Springing   Springing                                                                                        
Loan 18 CityLine Augusta Portfolio             81.2% 05/31/2020   2,681     250,087 22,735   Springing                                                                                        
Property 18.01 Belair Dyess Self Storage NAP NAP NAP NAP NAP NAP 73.9% 05/31/2020                                                                                                        
Property 18.02 Wheeler Self Storage NAP NAP NAP NAP NAP NAP 88.6% 05/31/2020                                                                                                        
Loan 19 364 Lincoln(29) NAP NAP NAP NAP NAP NAP 96.4% 05/31/2020 1,146 1,146     26,273 26,273   Springing                                                                                        
Loan 20 Jasmine Cove(34) NAP NAP NAP NAP NAP NAP 97.8% 05/04/2020 3,833 3,833     179,948 25,707 48,088 4,809                                                                                        
Loan 21 Battery Park Lofts NAP NAP NAP NAP NAP NAP 85.4% 06/12/2020   1,708     1,550 1,550 1,797 1,797                                                                                        
Loan 22 Kings Plaza(2)(33)(35) Burlington 55,078 07/31/2028 Best Buy 53,371 01/31/2032 96.7% 06/02/2020   Springing   Springing   Springing   Springing                                                                                        
Loan 23 84 14th Street NAP NAP NAP NAP NAP NAP 100.0% 04/01/2020   331   2,937 2,419 1,209 3,198 1,599                                                                                        
Loan 24 Edge 32 Apartments NAP NAP NAP NAP NAP NAP 86.7% 06/16/2020   1,250     2,488 2,488 1,411 1,411                                                                                        
Loan 25 Cambridge Club Apartments(29) NAP NAP NAP NAP NAP NAP 92.6% 06/10/2020 49,450 2,700     13,048 13,048 12,165 3,041                                                                                        
Loan 26 1725 N Commerce Parkway NAP NAP NAP NAP NAP NAP 100.0% 07/06/2020   1,589   4,413 251,456 25,146 30,185 5,031                                                                                        
Loan 27 CityLine Hattiesburg NAP NAP NAP NAP NAP NAP 84.3% 06/08/2020 250,000 1,255     61,856 7,732   Springing                                                                                        
Loan 28 OrthoSouth             100.0% 07/06/2020   Springing 373,825 Springing   Springing   Springing                                                                                        
Property 28.01 Primary Parkway NAP NAP NAP NAP NAP NAP 100.0% 07/06/2020                                                                                                        
Property 28.02 Southaven NAP NAP NAP NAP NAP NAP 100.0% 07/06/2020                                                                                                        
Loan 29 Strathmore Apartments NAP NAP NAP NAP NAP NAP 94.9% 06/17/2020   1,625     239,697 27,728 11,498 1,437                                                                                        
Loan 30 630 W Lake Gracie Barra 1,579 01/31/2025 Old Town Barbershop 1,430 07/31/2028 100.0% 01/17/2020   544   846 38,977 7,795   Springing                                                                                        
Loan 31 2 Laurel Drive NAP NAP NAP NAP NAP NAP 100.0% 02/13/2020   613   1,531 51,040 12,760 2,506 1,253                                                                                        
Loan 32 CityLine Flagstaff NAP NAP NAP NAP NAP NAP 92.4% 06/02/2020   613     22,607 4,521   Springing                                                                                        
Loan 33 968-970 Gates Ave NAP NAP NAP NAP NAP NAP 87.5% 06/01/2020   333     5,147 1,287 9,848 1,094                                                                                        
Loan 34 CityLine Wisconsin NAP NAP NAP NAP NAP NAP 86.9% 04/30/2020   764     37,668 6,278   Springing                                                                                        
Loan 35 StorQuest Self Storage - Modesto NAP NAP NAP NAP NAP NAP 91.2% 04/30/2020         28,888 Springing   Springing                                                                                        
Loan 36 StorQuest Self Storage - Ceres NAP NAP NAP NAP NAP NAP 93.2% 04/30/2020         23,328 Springing   Springing                                                                                        
Loan 37 Castle Rock Self Storage NAP NAP NAP NAP NAP NAP 86.3% 05/14/2020   Springing     18,501 9,250 2,055 685                                                                                        

 

  

 

 

Benchmark 2020-B18                
                   
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                     
                                                                                                                             
      Upfront Upfront Monthly Other Environmental                                                                                                              
      Engineering Other Other Reserves Report Engineering                                                                                                            
Loan ID Property Name Reserve($)(25) Reserves ($)(25) Reserves ($)(26)(27) Description Date(30) Report Date                                                                                                            
Loan 1 Agellan Portfolio(2)(32)(33) 2,985,266 2,172,050 Springing Working Capital Reserve (Upfront: 2,000,000); Gap Rent Reserve (Upfront: 172,050); Common Charges Reserve (Monthly: Springing) Various Various                                                                                                            
Property 1.01 Sarasota Distribution Hub         02/27/2020 02/27/2020                                                                                                            
Property 1.02 Naperville Woods Office Center         02/27/2020 02/27/2020                                                                                                            
Property 1.03 Southpark Business Park FOP         03/02/2020 02/28/2020                                                                                                            
Property 1.04 Supervalu         02/26/2020 02/26/2020                                                                                                            
Property 1.05 Plainfield Business Center IV         02/27/2020 02/27/2020                                                                                                            
Property 1.06 Beltway III         02/26/2020 02/28/2020                                                                                                            
Property 1.07 4405 Continental Dr         02/26/2020 02/26/2020                                                                                                            
Property 1.08 Beltway IV         02/26/2020 02/27/2020                                                                                                            
Property 1.09 Sandy Plains Business Park         02/26/2020 02/28/2020                                                                                                            
Property 1.10 Coliseum Distribution Center #1         03/26/2020 03/23/2020                                                                                                            
Property 1.11 Silber Industrial Park         02/28/2020 02/28/2020                                                                                                            
Property 1.12 Southpark Business Park M         03/02/2020 02/27/2020                                                                                                            
Property 1.13 West by Northwest Business Blvd         02/26/2020 02/28/2020                                                                                                            
Property 1.14 Norcross Center         02/26/2020 02/27/2020                                                                                                            
Property 1.15 Goshen Springs         02/26/2020 02/27/2020                                                                                                            
Property 1.16 Long Point Center         02/26/2020 02/28/2020                                                                                                            
Property 1.17 Corridor Park D         02/26/2020 02/27/2020                                                                                                            
Property 1.18 Southport 1-4         02/27/2020 02/27/2020                                                                                                            
Property 1.19 Jameel         02/28/2020 02/25/2020                                                                                                            
Property 1.20 Beltway II         02/26/2020 02/28/2020                                                                                                            
Property 1.21 Braker Center 4         02/27/2020 02/27/2020                                                                                                            
Property 1.22 Northgreen 1-4         02/26/2020 02/28/2020                                                                                                            
Property 1.23 Minimax         02/27/2020 02/26/2020                                                                                                            
Property 1.24 Southpark Business Park E         03/02/2020 02/28/2020                                                                                                            
Property 1.25 9385 Washington Blvd         02/27/2020 02/27/2020                                                                                                            
Property 1.26 Rothway         02/26/2020 02/28/2020                                                                                                            
Property 1.27 2730 Pinnacle         02/27/2020 03/04/2020                                                                                                            
Property 1.28 Columbus West - Interchange Rd         02/26/2020 02/26/2020                                                                                                            
Property 1.29 1346 Oakbrook Drive         02/26/2020 02/27/2020                                                                                                            
Property 1.30 1230-1236 Hardt Circle         02/26/2020 02/27/2020                                                                                                            
Property 1.31 Pine Forest Business Park         02/27/2020 02/28/2020                                                                                                            
Property 1.32 Rittiman East Industrial Park #23 & 24         03/20/2020 03/20/2020                                                                                                            
Property 1.33 1351 Oakbrook Drive         02/26/2020 02/26/2020                                                                                                            
Property 1.34 1325 Oakbrook Drive         02/26/2020 02/27/2020                                                                                                            
Property 1.35 490 Heartland Drive         02/27/2020 02/27/2020                                                                                                            
Property 1.36 1265 Oakbrook Drive         02/26/2020 02/27/2020                                                                                                            
Property 1.37 Columbus West - Business Park         02/26/2020 02/26/2020                                                                                                            
Property 1.38 1155 Bowes Road         02/26/2020 03/03/2020                                                                                                            
Property 1.39 1280 Oakbrook Drive         02/26/2020 02/27/2020                                                                                                            
Property 1.40 Cox Business Center         03/20/2020 03/20/2020                                                                                                            
Property 1.41 2002 Bloomingdale         02/26/2020 02/27/2020                                                                                                            
Property 1.42 333 Charles Court         02/26/2020 03/04/2020                                                                                                            
Property 1.43 483 Heartland Drive         02/27/2020 02/27/2020                                                                                                            
Property 1.44 1256 Oakbrook Drive         02/26/2020 02/28/2020                                                                                                            
Property 1.45 550 Heartland         02/26/2020 02/27/2020                                                                                                            
Property 1.46 Rittiman East Industrial Park #22         03/20/2020 03/20/2020                                                                                                            
Loan 2 Moffett Towers Buildings A, B & C(2)(32)   34,016,766 Springing Rent Concession Reserve (Upfront: 34,016,766.08); Lease Sweep Reserve (Monthly: Springing) 01/14/2020 01/14/2020                                                                                                            
Property 2.01 Moffett Towers Building A         01/14/2020 01/14/2020                                                                                                            
Property 2.02 Moffett Towers Building B         01/14/2020 01/14/2020                                                                                                            
Property 2.03 Moffett Towers Building C         01/14/2020 01/14/2020                                                                                                            
Loan 3 Tropical Distribution Center     Springing Unfunded Obligations Reserve 04/21/2020 04/21/2020                                                                                                            
Loan 4 BX Industrial Portfolio(2)(32)     Springing Ground Rent Reserve Various Various                                                                                                            
Property 4.01 Bridgewater Center 1         07/19/2019 07/12/2019                                                                                                            
Property 4.02 401 E Laraway Rd         07/26/2019 07/26/2019                                                                                                            
Property 4.03 Rochelle 1         07/26/2019 07/26/2019                                                                                                            
Property 4.04 350A Salem Church Rd         07/26/2019 07/26/2019                                                                                                            
Property 4.05 Romeoville Bldg 1         07/26/2019 07/26/2019                                                                                                            
Property 4.06 251 E Laraway Rd         07/26/2019 07/26/2019                                                                                                            
Property 4.07 7940 Kentucky         07/26/2019 07/26/2019                                                                                                            
Property 4.08 Mountain Top Distribution Center 2         07/26/2019 07/26/2019                                                                                                            
Property 4.09 Enterprise Parkway         09/24/2019 09/23/2019                                                                                                            
Property 4.10 Cavalier I         09/24/2019 09/23/2019                                                                                                            
Property 4.11 1910 International         07/26/2019 07/26/2019                                                                                                            
Property 4.12 Glen Dale         07/26/2019 07/29/2019                                                                                                            
Property 4.13 Romeoville Bldg 2         07/26/2019 07/26/2019                                                                                                            
Property 4.14 Enterprise Distribution Center 1         07/26/2019 07/26/2019                                                                                                            
Property 4.15 2270 Woodale         07/26/2019 07/26/2019                                                                                                            
Property 4.16 2950 Lexington Ave South         07/26/2019 07/26/2019                                                                                                            
Property 4.17 Rivers Bend Center 1B         09/24/2019 09/23/2019                                                                                                            
Property 4.18 DFW Logistics Center (Bldg 4)         07/19/2019 07/19/2019                                                                                                            
Property 4.19 Rivers Bend Center 1C         09/24/2019 09/23/2019                                                                                                            
Property 4.20 Territorial         07/26/2019 07/26/2019                                                                                                            
Property 4.21 Diamond Hill 2         09/24/2019 09/23/2019                                                                                                            
Property 4.22 Rivers Bend Center 2A         09/24/2019 09/23/2019                                                                                                            
Property 4.23 Rivers Bend Center 1A         09/24/2019 09/23/2019                                                                                                            
Property 4.24 Diamond Hill 3         09/24/2019 09/23/2019                                                                                                            
Property 4.25 Whippany Business Center 1         07/19/2019 07/19/2019                                                                                                            
Property 4.26 The Colony Land         07/31/2019 NAP                                                                                                            
Property 4.27 Shawnee Distribution Center 1         09/24/2019 09/23/2019                                                                                                            
Property 4.28 Rivers Bend Center 2B         09/24/2019 09/23/2019                                                                                                            
Property 4.29 7930 Kentucky         07/26/2019 07/26/2019                                                                                                            
Property 4.30 Dues Dr Distribution Center 1         07/26/2019 07/26/2019                                                                                                            
Property 4.31 Gibraltar         07/26/2019 07/26/2019                                                                                                            
Property 4.32 Diamond Hill 1         09/24/2019 09/23/2019                                                                                                            

 

  

 

 

Benchmark 2020-B18                
                   
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                     
                                                                                                                             
      Upfront Upfront Monthly Other Environmental                                                                                                              
      Engineering Other Other Reserves Report Engineering                                                                                                            
Loan ID Property Name Reserve($)(25) Reserves ($)(25) Reserves ($)(26)(27) Description Date(30) Report Date                                                                                                            
Property 4.33 DFW Logistics Center (Bldg 3)         07/19/2019 07/19/2019                                                                                                            
Property 4.34 Elk Grove Distribution Center 1         07/26/2019 07/26/2019                                                                                                            
Property 4.35 1000 Lucas Way         09/24/2019 09/23/2019                                                                                                            
Property 4.36 Lakeview         07/26/2019 07/26/2019                                                                                                            
Property 4.37 DFW Logistics Center (Bldg 5)         07/19/2019 07/19/2019                                                                                                            
Property 4.38 9756 International         07/26/2019 07/26/2019                                                                                                            
Property 4.39 350B Salem Church Rd         07/26/2019 07/26/2019                                                                                                            
Property 4.40 6105 Trenton Ln         07/26/2019 07/26/2019                                                                                                            
Property 4.41 300 Salem Church Rd         07/26/2019 07/26/2019                                                                                                            
Property 4.42 Tower         07/26/2019 07/01/2019                                                                                                            
Property 4.43 1940 Fernbrook Ln         07/26/2019 07/26/2019                                                                                                            
Property 4.44 Production Distribution Center 1         07/26/2019 07/26/2019                                                                                                            
Property 4.45 Culpeper         09/24/2019 09/23/2019                                                                                                            
Property 4.46 Fairfield Distribution Center 1         07/26/2019 07/26/2019                                                                                                            
Property 4.47 Cavalier II         09/24/2019 09/23/2019                                                                                                            
Property 4.48 World Park II         07/26/2019 07/26/2019                                                                                                            
Property 4.49 Diamond Hill 4         09/24/2019 09/23/2019                                                                                                            
Property 4.50 2290-2298 Woodale         07/26/2019 07/26/2019                                                                                                            
Property 4.51 514 Butler Rd         09/24/2019 09/23/2019                                                                                                            
Property 4.52 Northridge II         09/24/2019 09/23/2019                                                                                                            
Property 4.53 2222 Woodale         07/26/2019 07/26/2019                                                                                                            
Property 4.54 Northridge I         09/24/2019 09/23/2019                                                                                                            
Property 4.55 Romeoville Distribution Center 1         07/26/2019 07/26/2019                                                                                                            
Property 4.56 1825 Airport Exchange         07/26/2019 07/26/2019                                                                                                            
Property 4.57 7453 Empire - Bldg C         07/26/2019 07/26/2019                                                                                                            
Property 4.58 Rivers Bend Center 1D         09/24/2019 09/23/2019                                                                                                            
Property 4.59 Heathrow         07/26/2019 07/26/2019                                                                                                            
Property 4.60 2240-2250 Woodale         07/26/2019 07/26/2019                                                                                                            
Property 4.61 273 Industrial Way         09/24/2019 NAP                                                                                                            
Property 4.62 7453 Empire - Bldg B         07/26/2019 07/26/2019                                                                                                            
Property 4.63 7453 Empire - Bldg A         07/26/2019 07/26/2019                                                                                                            
Property 4.64 Rivers Bend Center - Land         09/24/2019 NAP                                                                                                            
Property 4.65 Production Distribution Center 1B         07/26/2019 07/26/2019                                                                                                            
Property 4.66 Bridgewater Center 2         07/19/2019 07/19/2019                                                                                                            
Property 4.67 Laraway Land 1         07/26/2019 NAP                                                                                                            
Property 4.68 Laraway Land 2         07/26/2019 NAP                                                                                                            
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34)         02/11/2020 02/11/2020                                                                                                            
Property 5.01 MGM Grand         02/11/2020 02/11/2020                                                                                                            
Property 5.02 Mandalay Bay         02/11/2020 02/11/2020                                                                                                            
Loan 6 1633 Broadway(2)(32)(34)   36,389,727   Unfunded Obligations Reserve 10/30/2019 10/30/2019                                                                                                            
Loan 7 711 Fifth Avenue(2)(34)   3,048,024 Springing TCO Renewal Reserve (Upfront: 2,000,000); Unfunded Obligations Reserve (Upfront: 1,048,024.18); Downgraded Tenant Reserve (Monthly: Springing) 02/03/2020 01/30/2020                                                                                                            
Loan 8 280 North Bernardo(2)   2,588,137 Springing Debt Service Reserve (Upfront: 1,402,250; Monthly: Springing); Aurora Rent Reserve (Upfront: 600,825.22); Landlord’s Work Reserve (Upfront: 585,062); Lease Sweep Reserve (Monthly: Springing) 01/15/2020 01/15/2020                                                                                                            
Loan 9 420 Taylor Street(2)   18,315,615 Springing Outstanding TI/LC Reserve (Upfront: 8,447,053.98); Lower Level Conversion Reserve (Upfront: 4,834,237.00); Bridge Rent Reserve (Upfront: 3,811,699.00); Debt Service Reserve (Upfront: 1,222,625.16 Monthly: Springing); Letter of Credit Proceeds Reserve (Monthly: Springing) 03/26/2020 03/26/2020                                                                                                            
Loan 10 3000 Post Oak(2)(33)         12/10/2019 12/11/2019                                                                                                            
Loan 11 Chase Center Tower I(2)(32) 7,821,488 24,508,004 Springing Outstanding Landlord Obligations (Upfront: 24,508,004); Common Charges Reserve (Monthly: Springing) 10/11/2019 10/11/2019                                                                                                            
Loan 12 Chase Center Tower II(2)(32) 7,342,312 23,006,544 Springing Outstanding Landlord Obligations (Upfront: 23,006,544); Common Charges Reserve (Monthly: Springing) 10/11/2019 10/11/2019                                                                                                            
Loan 13 Brass Professional Center(2) 78,265 1,852,176   Debt Service Reserve (1,203,962.05); Unfunded Obligations Reserve (648,214.44) 02/07/2020 02/07/2020                                                                                                            
Loan 14 Flushing Commons(35)   415,375 Springing Empire TI/LC Reserve (Upfront: 199,700); Empire Free Rent Reserve (Upfront: 195,221.33); Condo Assessment Reserve (Upfront: 20,453.83; Monthly: Springing) 01/24/2020 01/24/2020                                                                                                            
Loan 15 Apollo Education Group HQ Campus(2)         01/09/2020 01/09/2020                                                                                                            
Loan 16 Bellagio Hotel and Casino(2)(32)(34)         11/06/2019 11/06/2019                                                                                                            
Loan 17 Southcenter Mall(2)     Springing Parking Area Rent Reserve 11/20/2019 11/20/2019                                                                                                            
Loan 18 CityLine Augusta Portfolio 8,875       06/03/2020 06/03/2020                                                                                                            
Property 18.01 Belair Dyess Self Storage         06/03/2020 06/03/2020                                                                                                            
Property 18.02 Wheeler Self Storage         06/03/2020 06/03/2020                                                                                                            
Loan 19 364 Lincoln(29)   189,344   Static Debt Service Reserve Fund 04/08/2020 04/08/2020                                                                                                            
Loan 20 Jasmine Cove(34)   303,406   Debt Service Reserve 03/02/2020 03/02/2020                                                                                                            
Loan 21 Battery Park Lofts   207,080 Springing DS Reserve Funds 09/03/2019 02/28/2020                                                                                                            
Loan 22 Kings Plaza(2)(33)(35)     Springing Ground Rent Reserve 11/22/2019 10/22/2019                                                                                                            
Loan 23 84 14th Street   521,000   Debt Service Reserve 02/05/2020 02/05/2020                                                                                                            
Loan 24 Edge 32 Apartments   167,071 Springing DS Reserve Funds (Upfront: 145,831; Monthly: 24,305); Dark Reserve (Upfront: 21,240) 01/03/2020 01/02/2020                                                                                                            
Loan 25 Cambridge Club Apartments(29) 72,335 300,000   Debt Service Reserve 03/06/2020 06/15/2020                                                                                                            
Loan 26 1725 N Commerce Parkway 1,500       02/27/2020 02/27/2020                                                                                                            
Loan 27 CityLine Hattiesburg 20,750       06/12/2020 06/12/2020                                                                                                            
Loan 28 OrthoSouth   110,832   Upfront Reserve 06/12/2020 06/12/2020                                                                                                            
Property 28.01 Primary Parkway         06/12/2020 06/12/2020                                                                                                            
Property 28.02 Southaven         06/12/2020 06/12/2020                                                                                                            
Loan 29 Strathmore Apartments   138,335 Springing Interest Reserve 10/24/2019 10/24/2019                                                                                                            
Loan 30 630 W Lake   132,000   Rent Reserve 02/13/2020 02/13/2020                                                                                                            
Loan 31 2 Laurel Drive   402,790   Debt Service Reserve (381,669); Free Rent Reserve (21,121.08) 02/07/2020 02/07/2020                                                                                                            
Loan 32 CityLine Flagstaff         06/19/2020 06/19/2020                                                                                                            
Loan 33 968-970 Gates Ave   775,600   Holdback Reserve (500,000); Debt Service Reserve (275,600) 03/12/2020 03/12/2020                                                                                                            
Loan 34 CityLine Wisconsin 38,525 300,000   Roof Repair Reserve 05/28/2020 05/29/2020                                                                                                            
Loan 35 StorQuest Self Storage - Modesto 11,188       02/14/2020 02/14/2020                                                                                                            
Loan 36 StorQuest Self Storage - Ceres 1,375       02/13/2020 02/14/2020                                                                                                            
Loan 37 Castle Rock Self Storage 28,375       03/06/2020 03/05/2020                                                                                                            

 

  

 

 

Benchmark 2020-B18              
                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                   
                                                                                                                             
        Franchise                                                                                                                    
        Expiration Loan                                                                                                                  
Loan ID Property Name PML/SEL (%) Date Purpose Sponsor(24) Guarantor(31)                                                                                                              
Loan 1 Agellan Portfolio(2)(32)(33) NAP   Refinance Elad Canada Realty Inc. Elad Genesis Limited Partnership                                                                                                              
Property 1.01 Sarasota Distribution Hub NAP NAP                                                                                                                    
Property 1.02 Naperville Woods Office Center NAP NAP                                                                                                                    
Property 1.03 Southpark Business Park FOP NAP NAP                                                                                                                    
Property 1.04 Supervalu NAP NAP                                                                                                                    
Property 1.05 Plainfield Business Center IV NAP NAP                                                                                                                    
Property 1.06 Beltway III NAP NAP                                                                                                                    
Property 1.07 4405 Continental Dr NAP NAP                                                                                                                    
Property 1.08 Beltway IV NAP NAP                                                                                                                    
Property 1.09 Sandy Plains Business Park NAP NAP                                                                                                                    
Property 1.10 Coliseum Distribution Center #1 NAP NAP                                                                                                                    
Property 1.11 Silber Industrial Park NAP NAP                                                                                                                    
Property 1.12 Southpark Business Park M NAP NAP                                                                                                                    
Property 1.13 West by Northwest Business Blvd NAP NAP                                                                                                                    
Property 1.14 Norcross Center NAP NAP                                                                                                                    
Property 1.15 Goshen Springs NAP NAP                                                                                                                    
Property 1.16 Long Point Center NAP NAP                                                                                                                    
Property 1.17 Corridor Park D NAP NAP                                                                                                                    
Property 1.18 Southport 1-4 NAP NAP                                                                                                                    
Property 1.19 Jameel NAP NAP                                                                                                                    
Property 1.20 Beltway II NAP NAP                                                                                                                    
Property 1.21 Braker Center 4 NAP NAP                                                                                                                    
Property 1.22 Northgreen 1-4 NAP NAP                                                                                                                    
Property 1.23 Minimax NAP NAP                                                                                                                    
Property 1.24 Southpark Business Park E NAP NAP                                                                                                                    
Property 1.25 9385 Washington Blvd NAP NAP                                                                                                                    
Property 1.26 Rothway NAP NAP                                                                                                                    
Property 1.27 2730 Pinnacle NAP NAP                                                                                                                    
Property 1.28 Columbus West - Interchange Rd NAP NAP                                                                                                                    
Property 1.29 1346 Oakbrook Drive NAP NAP                                                                                                                    
Property 1.30 1230-1236 Hardt Circle NAP NAP                                                                                                                    
Property 1.31 Pine Forest Business Park NAP NAP                                                                                                                    
Property 1.32 Rittiman East Industrial Park #23 & 24 NAP NAP                                                                                                                    
Property 1.33 1351 Oakbrook Drive NAP NAP                                                                                                                    
Property 1.34 1325 Oakbrook Drive NAP NAP                                                                                                                    
Property 1.35 490 Heartland Drive NAP NAP                                                                                                                    
Property 1.36 1265 Oakbrook Drive NAP NAP                                                                                                                    
Property 1.37 Columbus West - Business Park NAP NAP                                                                                                                    
Property 1.38 1155 Bowes Road NAP NAP                                                                                                                    
Property 1.39 1280 Oakbrook Drive NAP NAP                                                                                                                    
Property 1.40 Cox Business Center NAP NAP                                                                                                                    
Property 1.41 2002 Bloomingdale NAP NAP                                                                                                                    
Property 1.42 333 Charles Court NAP NAP                                                                                                                    
Property 1.43 483 Heartland Drive NAP NAP                                                                                                                    
Property 1.44 1256 Oakbrook Drive NAP NAP                                                                                                                    
Property 1.45 550 Heartland NAP NAP                                                                                                                    
Property 1.46 Rittiman East Industrial Park #22 NAP NAP                                                                                                                    
Loan 2 Moffett Towers Buildings A, B & C(2)(32) 6.0%   Refinance Jay Paul Paul Guarantor LLC                                                                                                              
Property 2.01 Moffett Towers Building A 6.0% NAP                                                                                                                    
Property 2.02 Moffett Towers Building B 6.0% NAP                                                                                                                    
Property 2.03 Moffett Towers Building C 6.0% NAP                                                                                                                    
Loan 3 Tropical Distribution Center NAP NAP Refinance Brett Michael Lipman; Farshid Steve Shokouhi Brett Michael Lipman; Farshid Steve Shokouhi                                                                                                              
Loan 4 BX Industrial Portfolio(2)(32) NAP   Refinance BREIT Industrial Holdings LLC BREIT Industrial Holdings LLC                                                                                                              
Property 4.01 Bridgewater Center 1 NAP NAP                                                                                                                    
Property 4.02 401 E Laraway Rd NAP NAP                                                                                                                    
Property 4.03 Rochelle 1 NAP NAP                                                                                                                    
Property 4.04 350A Salem Church Rd NAP NAP                                                                                                                    
Property 4.05 Romeoville Bldg 1 NAP NAP                                                                                                                    
Property 4.06 251 E Laraway Rd NAP NAP                                                                                                                    
Property 4.07 7940 Kentucky NAP NAP                                                                                                                    
Property 4.08 Mountain Top Distribution Center 2 NAP NAP                                                                                                                    
Property 4.09 Enterprise Parkway NAP NAP                                                                                                                    
Property 4.10 Cavalier I NAP NAP                                                                                                                    
Property 4.11 1910 International NAP NAP                                                                                                                    
Property 4.12 Glen Dale NAP NAP                                                                                                                    
Property 4.13 Romeoville Bldg 2 NAP NAP                                                                                                                    
Property 4.14 Enterprise Distribution Center 1 NAP NAP                                                                                                                    
Property 4.15 2270 Woodale NAP NAP                                                                                                                    
Property 4.16 2950 Lexington Ave South NAP NAP                                                                                                                    
Property 4.17 Rivers Bend Center 1B NAP NAP                                                                                                                    
Property 4.18 DFW Logistics Center (Bldg 4) NAP NAP                                                                                                                    
Property 4.19 Rivers Bend Center 1C NAP NAP                                                                                                                    
Property 4.20 Territorial NAP NAP                                                                                                                    
Property 4.21 Diamond Hill 2 NAP NAP                                                                                                                    
Property 4.22 Rivers Bend Center 2A NAP NAP                                                                                                                    
Property 4.23 Rivers Bend Center 1A NAP NAP                                                                                                                    
Property 4.24 Diamond Hill 3 NAP NAP                                                                                                                    
Property 4.25 Whippany Business Center 1 NAP NAP                                                                                                                    
Property 4.26 The Colony Land NAP NAP                                                                                                                    
Property 4.27 Shawnee Distribution Center 1 NAP NAP                                                                                                                    
Property 4.28 Rivers Bend Center 2B NAP NAP                                                                                                                    
Property 4.29 7930 Kentucky NAP NAP                                                                                                                    
Property 4.30 Dues Dr Distribution Center 1 NAP NAP                                                                                                                    
Property 4.31 Gibraltar NAP NAP                                                                                                                    
Property 4.32 Diamond Hill 1 NAP NAP                                                                                                                    

 

  

 

 

Benchmark 2020-B18              
                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                   
                                                                                                                             
        Franchise                                                                                                                    
        Expiration Loan                                                                                                                  
Loan ID Property Name PML/SEL (%) Date Purpose Sponsor(24) Guarantor(31)                                                                                                              
Property 4.33 DFW Logistics Center (Bldg 3) NAP NAP                                                                                                                    
Property 4.34 Elk Grove Distribution Center 1 NAP NAP                                                                                                                    
Property 4.35 1000 Lucas Way NAP NAP                                                                                                                    
Property 4.36 Lakeview NAP NAP                                                                                                                    
Property 4.37 DFW Logistics Center (Bldg 5) NAP NAP                                                                                                                    
Property 4.38 9756 International NAP NAP                                                                                                                    
Property 4.39 350B Salem Church Rd NAP NAP                                                                                                                    
Property 4.40 6105 Trenton Ln NAP NAP                                                                                                                    
Property 4.41 300 Salem Church Rd NAP NAP                                                                                                                    
Property 4.42 Tower NAP NAP                                                                                                                    
Property 4.43 1940 Fernbrook Ln NAP NAP                                                                                                                    
Property 4.44 Production Distribution Center 1 NAP NAP                                                                                                                    
Property 4.45 Culpeper NAP NAP                                                                                                                    
Property 4.46 Fairfield Distribution Center 1 NAP NAP                                                                                                                    
Property 4.47 Cavalier II NAP NAP                                                                                                                    
Property 4.48 World Park II NAP NAP                                                                                                                    
Property 4.49 Diamond Hill 4 NAP NAP                                                                                                                    
Property 4.50 2290-2298 Woodale NAP NAP                                                                                                                    
Property 4.51 514 Butler Rd NAP NAP                                                                                                                    
Property 4.52 Northridge II NAP NAP                                                                                                                    
Property 4.53 2222 Woodale NAP NAP                                                                                                                    
Property 4.54 Northridge I NAP NAP                                                                                                                    
Property 4.55 Romeoville Distribution Center 1 NAP NAP                                                                                                                    
Property 4.56 1825 Airport Exchange NAP NAP                                                                                                                    
Property 4.57 7453 Empire - Bldg C NAP NAP                                                                                                                    
Property 4.58 Rivers Bend Center 1D NAP NAP                                                                                                                    
Property 4.59 Heathrow NAP NAP                                                                                                                    
Property 4.60 2240-2250 Woodale NAP NAP                                                                                                                    
Property 4.61 273 Industrial Way NAP NAP                                                                                                                    
Property 4.62 7453 Empire - Bldg B NAP NAP                                                                                                                    
Property 4.63 7453 Empire - Bldg A NAP NAP                                                                                                                    
Property 4.64 Rivers Bend Center - Land NAP NAP                                                                                                                    
Property 4.65 Production Distribution Center 1B NAP NAP                                                                                                                    
Property 4.66 Bridgewater Center 2 NAP NAP                                                                                                                    
Property 4.67 Laraway Land 1 NAP NAP                                                                                                                    
Property 4.68 Laraway Land 2 NAP NAP                                                                                                                    
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34) NAP   Acquisition BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP                                                                                                              
Property 5.01 MGM Grand NAP NAP                                                                                                                    
Property 5.02 Mandalay Bay NAP NAP                                                                                                                    
Loan 6 1633 Broadway(2)(32)(34) NAP NAP Refinance Paramount Group Operating Partnership LP NAP                                                                                                              
Loan 7 711 Fifth Avenue(2)(34) NAP NAP Refinance Bayerische Versorgungskammer; Deutsche Finance America LLC; DF Deutsche Finance Holding AG; Hessen Lawyers Pension Fund NAP                                                                                                              
Loan 8 280 North Bernardo(2) 13.0% NAP Refinance Peter Pau Peter Pau                                                                                                              
Loan 9 420 Taylor Street(2) 13.0% NAP Refinance Seven Equity Group; Nakash Holdings Raymond Falack; Ralph Nakash                                                                                                              
Loan 10 3000 Post Oak(2)(33) NAP NAP Refinance Norman Bobrow Norman Bobrow                                                                                                              
Loan 11 Chase Center Tower I(2)(32) 14.0% NAP Refinance GSW Sports LLC; Uber Technologies, Inc.; Alexandria Real Estate Equities, Inc. NAP                                                                                                              
Loan 12 Chase Center Tower II(2)(32) 14.0% NAP Refinance GSW Sports LLC; Uber Technologies, Inc.; Alexandria Real Estate Equities, Inc. NAP                                                                                                              
Loan 13 Brass Professional Center(2) NAP NAP Refinance Joe Richard Rodriguez Joe Richard Rodriguez                                                                                                              
Loan 14 Flushing Commons(35) NAP NAP Acquisition A Laboz Control Party; Joseph J. Sitt Albert Laboz; Jason Laboz; Joseph Jody Laboz; Joseph J. Sitt                                                                                                              
Loan 15 Apollo Education Group HQ Campus(2) NAP NAP Refinance Steven Elghanayan Steven Elghanayan                                                                                                              
Loan 16 Bellagio Hotel and Casino(2)(32)(34) NAP NAP Acquisition BREIT Operating Partnership L.P. BREIT Operating Partnership L.P.                                                                                                              
Loan 17 Southcenter Mall(2) 10.0% NAP Refinance URW WEA LLC URW WEA LLC                                                                                                              
Loan 18 CityLine Augusta Portfolio NAP   Acquisition George Thacker; Lawrence Charles Kaplan; Richard Schontz George Thacker; Lawrence Charles Kaplan; Richard Schontz                                                                                                              
Property 18.01 Belair Dyess Self Storage NAP NAP                                                                                                                    
Property 18.02 Wheeler Self Storage NAP NAP                                                                                                                    
Loan 19 364 Lincoln(29) NAP NAP Refinance Bennat Berger Bennat Berger                                                                                                              
Loan 20 Jasmine Cove(34) NAP NAP Refinance Hudson Capital Investments, LLC; RW Winco Irrevocable Trust U/T/A dated November 1, 2002 Hudson Capital Investments, LLC; RW Winco Irrevocable Trust U/T/A dated November 1, 2002                                                                                                              
Loan 21 Battery Park Lofts NAP NAP Refinance Yaron Kandelker Yaron Kandelker                                                                                                              
Loan 22 Kings Plaza(2)(33)(35) NAP NAP Refinance The Macerich Partnership, L.P. The Macerich Partnership, L.P.                                                                                                              
Loan 23 84 14th Street NAP NAP Refinance Joel Wertzberger Joel Wertzberger                                                                                                              
Loan 24 Edge 32 Apartments NAP NAP Acquisition Yaron Kandelker Yaron Kandelker                                                                                                              
Loan 25 Cambridge Club Apartments(29) NAP NAP Recapitalization Tyler Ross; Michael Colman; David Colman Tyler Ross; Michael Colman; David Colman                                                                                                              
Loan 26 1725 N Commerce Parkway NAP NAP Refinance MG3 REIT, LLC MG3 REIT, LLC                                                                                                              
Loan 27 CityLine Hattiesburg NAP NAP Acquisition George Thacker; Lawrence Charles Kaplan; Richard Schontz George Thacker; Lawrence Charles Kaplan; Richard Schontz                                                                                                              
Loan 28 OrthoSouth Various   Acquisition Louis J. Rogers Louis J. Rogers                                                                                                              
Property 28.01 Primary Parkway 9.0% NAP                                                                                                                    
Property 28.02 Southaven NAP NAP                                                                                                                    
Loan 29 Strathmore Apartments NAP NAP Refinance Benton B. Kendig III FGG Florida Partnership, Ltd.; Florida West Land Corp.                                                                                                              
Loan 30 630 W Lake NAP NAP Acquisition Gustavo Spoliansky Gustavo Spoliansky                                                                                                              
Loan 31 2 Laurel Drive NAP NAP Acquisition Dina Ekstein; The David Ekstein 2013 Irrevocable Trust Dina Ekstein; The David Ekstein 2013 Irrevocable Trust                                                                                                              
Loan 32 CityLine Flagstaff NAP NAP Acquisition George Thacker; Lawrence Charles Kaplan; Richard Schontz George Thacker; Lawrence Charles Kaplan; Richard Schontz                                                                                                              
Loan 33 968-970 Gates Ave NAP NAP Refinance Shloime Goldstein; Solomon Weiss Shloime Goldstein; Solomon Weiss                                                                                                              
Loan 34 CityLine Wisconsin NAP NAP Acquisition George Thacker; Lawrence Charles Kaplan; Richard Schontz George Thacker; Lawrence Charles Kaplan; Richard Schontz                                                                                                              
Loan 35 StorQuest Self Storage - Modesto 4.0% NAP Refinance Donald Payne Donald Payne                                                                                                              
Loan 36 StorQuest Self Storage - Ceres 5.0% NAP Refinance Donald Payne Donald Payne                                                                                                              
Loan 37 Castle Rock Self Storage NAP NAP Refinance Richard A. Graham, Jr. Richard A. Graham, Jr.                                                                                                              

 

  

 

 

Benchmark 2020-B18              
                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                   
                                                                                                                             
              Existing                                                                                                              
              Additional Sub Debt                                                                                                              
Loan ID Property Name Previous Securitization Non-Trust Pari Passu Original Balance Non-Trust Pari Passu Cut-off Date Balance Non-Trust Pari Passu Balloon Balance Amount                                                                                                              
Loan 1 Agellan Portfolio(2)(32)(33) MSC 2019-AGLN 156,000,000 156,000,000 156,000,000 172,000,000                                                                                                              
Property 1.01 Sarasota Distribution Hub   19,660,645 19,660,645 19,660,645                                                                                                                
Property 1.02 Naperville Woods Office Center   19,525,161 19,525,161 19,525,161                                                                                                                
Property 1.03 Southpark Business Park FOP   9,905,806 9,905,806 9,905,806                                                                                                                
Property 1.04 Supervalu   7,474,839 7,474,839 7,474,839                                                                                                                
Property 1.05 Plainfield Business Center IV   6,840,000 6,840,000 6,840,000                                                                                                                
Property 1.06 Beltway III   5,705,806 5,705,806 5,705,806                                                                                                                
Property 1.07 4405 Continental Dr   5,322,581 5,322,581 5,322,581                                                                                                                
Property 1.08 Beltway IV   4,881,290 4,881,290 4,881,290                                                                                                                
Property 1.09 Sandy Plains Business Park   4,513,548 4,513,548 4,513,548                                                                                                                
Property 1.10 Coliseum Distribution Center #1   4,455,484 4,455,484 4,455,484                                                                                                                
Property 1.11 Silber Industrial Park   4,002,581 4,002,581 4,002,581                                                                                                                
Property 1.12 Southpark Business Park M   3,716,129 3,716,129 3,716,129                                                                                                                
Property 1.13 West by Northwest Business Blvd   3,630,968 3,630,968 3,630,968                                                                                                                
Property 1.14 Norcross Center   3,491,613 3,491,613 3,491,613                                                                                                                
Property 1.15 Goshen Springs   3,034,839 3,034,839 3,034,839                                                                                                                
Property 1.16 Long Point Center   2,949,677 2,949,677 2,949,677                                                                                                                
Property 1.17 Corridor Park D   2,922,581 2,922,581 2,922,581                                                                                                                
Property 1.18 Southport 1-4   2,837,419 2,837,419 2,837,419                                                                                                                
Property 1.19 Jameel   2,837,419 2,837,419 2,837,419                                                                                                                
Property 1.20 Beltway II   2,752,258 2,752,258 2,752,258                                                                                                                
Property 1.21 Braker Center 4   2,667,097 2,667,097 2,667,097                                                                                                                
Property 1.22 Northgreen 1-4   2,438,710 2,438,710 2,438,710                                                                                                                
Property 1.23 Minimax   2,299,355 2,299,355 2,299,355                                                                                                                
Property 1.24 Southpark Business Park E   2,129,032 2,129,032 2,129,032                                                                                                                
Property 1.25 9385 Washington Blvd   2,070,968 2,070,968 2,070,968                                                                                                                
Property 1.26 Rothway   2,043,871 2,043,871 2,043,871                                                                                                                
Property 1.27 2730 Pinnacle   1,730,323 1,730,323 1,730,323                                                                                                                
Property 1.28 Columbus West - Interchange Rd   1,602,581 1,602,581 1,602,581                                                                                                                
Property 1.29 1346 Oakbrook Drive   1,532,903 1,532,903 1,532,903                                                                                                                
Property 1.30 1230-1236 Hardt Circle   1,474,839 1,474,839 1,474,839                                                                                                                
Property 1.31 Pine Forest Business Park   1,389,677 1,389,677 1,389,677                                                                                                                
Property 1.32 Rittiman East Industrial Park #23 & 24   1,099,355 1,099,355 1,099,355                                                                                                                
Property 1.33 1351 Oakbrook Drive   1,091,613 1,091,613 1,091,613                                                                                                                
Property 1.34 1325 Oakbrook Drive   1,080,000 1,080,000 1,080,000                                                                                                                
Property 1.35 490 Heartland Drive   1,064,516 1,064,516 1,064,516                                                                                                                
Property 1.36 1265 Oakbrook Drive   1,037,419 1,037,419 1,037,419                                                                                                                
Property 1.37 Columbus West - Business Park   994,839 994,839 994,839                                                                                                                
Property 1.38 1155 Bowes Road   979,355 979,355 979,355                                                                                                                
Property 1.39 1280 Oakbrook Drive   963,871 963,871 963,871                                                                                                                
Property 1.40 Cox Business Center   952,258 952,258 952,258                                                                                                                
Property 1.41 2002 Bloomingdale   867,097 867,097 867,097                                                                                                                
Property 1.42 333 Charles Court   851,613 851,613 851,613                                                                                                                
Property 1.43 483 Heartland Drive   851,613 851,613 851,613                                                                                                                
Property 1.44 1256 Oakbrook Drive   836,129 836,129 836,129                                                                                                                
Property 1.45 550 Heartland   750,968 750,968 750,968                                                                                                                
Property 1.46 Rittiman East Industrial Park #22   739,355 739,355 739,355                                                                                                                
Loan 2 Moffett Towers Buildings A, B & C(2)(32)   368,000,000 368,000,000 368,000,000 327,000,000                                                                                                              
Property 2.01 Moffett Towers Building A COMM 2013-LC6, COMM 2013-CCRE6, COMM 2013-CCRE7 114,701,299 114,701,299 114,701,299                                                                                                                
Property 2.02 Moffett Towers Building B COMM 2013-LC6, COMM 2013-CCRE6, COMM 2013-CCRE7 126,649,351 126,649,351 126,649,351                                                                                                                
Property 2.03 Moffett Towers Building C COMM 2013-LC6, COMM 2013-CCRE6, COMM 2013-CCRE7 126,649,351 126,649,351 126,649,351                                                                                                                
Loan 3 Tropical Distribution Center                                                                                                                        
Loan 4 BX Industrial Portfolio(2)(32)   310,682,660 310,682,660 310,682,660 268,744,955                                                                                                              
Property 4.01 Bridgewater Center 1   21,123,548 21,123,548 21,123,548                                                                                                                
Property 4.02 401 E Laraway Rd   13,810,295 13,810,295 13,810,295                                                                                                                
Property 4.03 Rochelle 1   11,296,364 11,296,364 11,296,364                                                                                                                
Property 4.04 350A Salem Church Rd   10,773,989 10,773,989 10,773,989                                                                                                                
Property 4.05 Romeoville Bldg 1   9,827,184 9,827,184 9,827,184                                                                                                                
Property 4.06 251 E Laraway Rd   9,500,699 9,500,699 9,500,699                                                                                                                
Property 4.07 7940 Kentucky   9,468,051 9,468,051 9,468,051                                                                                                                
Property 4.08 Mountain Top Distribution Center 2   7,868,277 7,868,277 7,868,277                                                                                                                
Property 4.09 Enterprise Parkway   7,639,738 7,639,738 7,639,738                                                                                                                
Property 4.10 Cavalier I   7,541,792 7,541,792 7,541,792                                                                                                                
Property 4.11 1910 International   6,790,878 6,790,878 6,790,878                                                                                                                
Property 4.12 Glen Dale   6,268,503 6,268,503 6,268,503                                                                                                                
Property 4.13 Romeoville Bldg 2   6,170,557 6,170,557 6,170,557                                                                                                                
Property 4.14 Enterprise Distribution Center 1   5,713,479 5,713,479 5,713,479                                                                                                                
Property 4.15 2270 Woodale   5,582,885 5,582,885 5,582,885                                                                                                                
Property 4.16 2950 Lexington Ave South   5,484,940 5,484,940 5,484,940                                                                                                                
Property 4.17 Rivers Bend Center 1B   5,452,291 5,452,291 5,452,291                                                                                                                
Property 4.18 DFW Logistics Center (Bldg 4)   5,354,346 5,354,346 5,354,346                                                                                                                
Property 4.19 Rivers Bend Center 1C   5,158,455 5,158,455 5,158,455                                                                                                                
Property 4.20 Territorial   5,060,510 5,060,510 5,060,510                                                                                                                
Property 4.21 Diamond Hill 2   5,027,861 5,027,861 5,027,861                                                                                                                
Property 4.22 Rivers Bend Center 2A   4,962,565 4,962,565 4,962,565                                                                                                                
Property 4.23 Rivers Bend Center 1A   4,897,268 4,897,268 4,897,268                                                                                                                
Property 4.24 Diamond Hill 3   4,864,619 4,864,619 4,864,619                                                                                                                
Property 4.25 Whippany Business Center 1   4,799,322 4,799,322 4,799,322                                                                                                                
Property 4.26 The Colony Land   4,636,080 4,636,080 4,636,080                                                                                                                
Property 4.27 Shawnee Distribution Center 1   4,603,432 4,603,432 4,603,432                                                                                                                
Property 4.28 Rivers Bend Center 2B   4,538,135 4,538,135 4,538,135                                                                                                                
Property 4.29 7930 Kentucky   4,505,486 4,505,486 4,505,486                                                                                                                
Property 4.30 Dues Dr Distribution Center 1   4,440,189 4,440,189 4,440,189                                                                                                                
Property 4.31 Gibraltar   4,407,541 4,407,541 4,407,541                                                                                                                
Property 4.32 Diamond Hill 1   4,407,541 4,407,541 4,407,541                                                                                                                

 

  

 

 

Benchmark 2020-B18              
                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                   
                                                                                                                             
              Existing                                                                                                              
              Additional Sub Debt                                                                                                              
Loan ID Property Name Previous Securitization Non-Trust Pari Passu Original Balance Non-Trust Pari Passu Cut-off Date Balance Non-Trust Pari Passu Balloon Balance Amount                                                                                                              
Property 4.33 DFW Logistics Center (Bldg 3)   4,407,541 4,407,541 4,407,541                                                                                                                
Property 4.34 Elk Grove Distribution Center 1   4,276,947 4,276,947 4,276,947                                                                                                                
Property 4.35 1000 Lucas Way   4,276,947 4,276,947 4,276,947                                                                                                                
Property 4.36 Lakeview   4,244,299 4,244,299 4,244,299                                                                                                                
Property 4.37 DFW Logistics Center (Bldg 5)   4,015,759 4,015,759 4,015,759                                                                                                                
Property 4.38 9756 International   3,819,869 3,819,869 3,819,869                                                                                                                
Property 4.39 350B Salem Church Rd   3,591,330 3,591,330 3,591,330                                                                                                                
Property 4.40 6105 Trenton Ln   3,591,330 3,591,330 3,591,330                                                                                                                
Property 4.41 300 Salem Church Rd   3,558,681 3,558,681 3,558,681                                                                                                                
Property 4.42 Tower   3,526,033 3,526,033 3,526,033                                                                                                                
Property 4.43 1940 Fernbrook Ln   3,526,033 3,526,033 3,526,033                                                                                                                
Property 4.44 Production Distribution Center 1   3,428,087 3,428,087 3,428,087                                                                                                                
Property 4.45 Culpeper   3,395,439 3,395,439 3,395,439                                                                                                                
Property 4.46 Fairfield Distribution Center 1   3,362,790 3,362,790 3,362,790                                                                                                                
Property 4.47 Cavalier II   3,297,494 3,297,494 3,297,494                                                                                                                
Property 4.48 World Park II   2,938,361 2,938,361 2,938,361                                                                                                                
Property 4.49 Diamond Hill 4   2,873,064 2,873,064 2,873,064                                                                                                                
Property 4.50 2290-2298 Woodale   2,677,173 2,677,173 2,677,173                                                                                                                
Property 4.51 514 Butler Rd   2,611,876 2,611,876 2,611,876                                                                                                                
Property 4.52 Northridge II   2,481,282 2,481,282 2,481,282                                                                                                                
Property 4.53 2222 Woodale   2,383,337 2,383,337 2,383,337                                                                                                                
Property 4.54 Northridge I   2,285,392 2,285,392 2,285,392                                                                                                                
Property 4.55 Romeoville Distribution Center 1   2,154,798 2,154,798 2,154,798                                                                                                                
Property 4.56 1825 Airport Exchange   1,958,907 1,958,907 1,958,907                                                                                                                
Property 4.57 7453 Empire - Bldg C   1,893,610 1,893,610 1,893,610                                                                                                                
Property 4.58 Rivers Bend Center 1D   1,697,719 1,697,719 1,697,719                                                                                                                
Property 4.59 Heathrow   1,599,774 1,599,774 1,599,774                                                                                                                
Property 4.60 2240-2250 Woodale   1,371,235 1,371,235 1,371,235                                                                                                                
Property 4.61 273 Industrial Way   1,191,668 1,191,668 1,191,668                                                                                                                
Property 4.62 7453 Empire - Bldg B   1,142,696 1,142,696 1,142,696                                                                                                                
Property 4.63 7453 Empire - Bldg A   995,778 995,778 995,778                                                                                                                
Property 4.64 Rivers Bend Center - Land   130,594 130,594 130,594                                                                                                                
Property 4.65 Production Distribution Center 1B   0 0 0                                                                                                                
Property 4.66 Bridgewater Center 2   0 0 0                                                                                                                
Property 4.67 Laraway Land 1   0 0 0                                                                                                                
Property 4.68 Laraway Land 2   0 0 0                                                                                                                
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34)   1,569,200,000 1,569,200,000 1,569,200,000 1,365,800,000                                                                                                              
Property 5.01 MGM Grand   855,214,000 855,214,000 855,214,000                                                                                                                
Property 5.02 Mandalay Bay   713,986,000 713,986,000 713,986,000                                                                                                                
Loan 6 1633 Broadway(2)(32)(34)   938,150,000 938,150,000 938,150,000 249,000,000                                                                                                              
Loan 7 711 Fifth Avenue(2)(34)   500,000,000 500,000,000 500,000,000                                                                                                                
Loan 8 280 North Bernardo(2)   31,000,000 31,000,000 31,000,000                                                                                                                
Loan 9 420 Taylor Street(2) BANC 2016-CRE1, BANC 2018-CRE4 50,000,000 50,000,000 45,180,607                                                                                                                
Loan 10 3000 Post Oak(2)(33) GSMS 2011-GC3 45,000,000 45,000,000 45,000,000                                                                                                                
Loan 11 Chase Center Tower I(2)(32)   127,496,250 127,496,250 127,496,250 178,090,000                                                                                                              
Loan 12 Chase Center Tower II(2)(32)   108,753,750 108,753,750 108,753,750 151,910,000                                                                                                              
Loan 13 Brass Professional Center(2)   25,000,000 25,000,000 20,951,597                                                                                                                
Loan 14 Flushing Commons(35)                                                                                                                        
Loan 15 Apollo Education Group HQ Campus(2) CGCMT 2015-GC29 65,000,000 65,000,000 65,000,000                                                                                                                
Loan 16 Bellagio Hotel and Casino(2)(32)(34)   1,654,950,000 1,654,950,000 1,654,950,000 1,333,800,000                                                                                                              
Loan 17 Southcenter Mall(2)   198,000,000 198,000,000 198,000,000                                                                                                                
Loan 18 CityLine Augusta Portfolio                                                                                                                        
Property 18.01 Belair Dyess Self Storage                                                                                                                        
Property 18.02 Wheeler Self Storage                                                                                                                        
Loan 19 364 Lincoln(29)                                                                                                                        
Loan 20 Jasmine Cove(34) FNA 2013-M3                                                                                                                      
Loan 21 Battery Park Lofts                                                                                                                        
Loan 22 Kings Plaza(2)(33)(35) GSMS 2013-KING 472,891,892 472,891,892 472,891,892                                                                                                                
Loan 23 84 14th Street                                                                                                                        
Loan 24 Edge 32 Apartments                                                                                                                        
Loan 25 Cambridge Club Apartments(29)                                                                                                                        
Loan 26 1725 N Commerce Parkway                                                                                                                        
Loan 27 CityLine Hattiesburg MLMT 2006-C1                                                                                                                      
Loan 28 OrthoSouth                                                                                                                        
Property 28.01 Primary Parkway                                                                                                                        
Property 28.02 Southaven                                                                                                                        
Loan 29 Strathmore Apartments                                                                                                                        
Loan 30 630 W Lake                                                                                                                        
Loan 31 2 Laurel Drive                                                                                                                        
Loan 32 CityLine Flagstaff CGCMT 2014-GC19                                                                                                                      
Loan 33 968-970 Gates Ave                                                                                                                        
Loan 34 CityLine Wisconsin UBSCM 2018-C8                                                                                                                      
Loan 35 StorQuest Self Storage - Modesto                                                                                                                        
Loan 36 StorQuest Self Storage - Ceres                                                                                                                        
Loan 37 Castle Rock Self Storage WFRBS 2011-C5                                                                                                                      

 

  

 

 

Benchmark 2020-B18              
                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                   
                                                                                                                             
          Future Debt Whole Loan Mezzanine                                                                                                              
          Permitted Interest Interest                                                                                                              
Loan ID Property Name Existing Additional Sub Debt Description Existing Mezzanine Debt Type Rate Rate                                                                                                              
Loan 1 Agellan Portfolio(2)(32)(33) $172,000,000 B-Notes 31,000,000 NAP 4.53080446650124% 9.00000%                                                                                                              
Property 1.01 Sarasota Distribution Hub                                                                                                                        
Property 1.02 Naperville Woods Office Center                                                                                                                        
Property 1.03 Southpark Business Park FOP                                                                                                                        
Property 1.04 Supervalu                                                                                                                        
Property 1.05 Plainfield Business Center IV                                                                                                                        
Property 1.06 Beltway III                                                                                                                        
Property 1.07 4405 Continental Dr                                                                                                                        
Property 1.08 Beltway IV                                                                                                                        
Property 1.09 Sandy Plains Business Park                                                                                                                        
Property 1.10 Coliseum Distribution Center #1                                                                                                                        
Property 1.11 Silber Industrial Park                                                                                                                        
Property 1.12 Southpark Business Park M                                                                                                                        
Property 1.13 West by Northwest Business Blvd                                                                                                                        
Property 1.14 Norcross Center                                                                                                                        
Property 1.15 Goshen Springs                                                                                                                        
Property 1.16 Long Point Center                                                                                                                        
Property 1.17 Corridor Park D                                                                                                                        
Property 1.18 Southport 1-4                                                                                                                        
Property 1.19 Jameel                                                                                                                        
Property 1.20 Beltway II                                                                                                                        
Property 1.21 Braker Center 4                                                                                                                        
Property 1.22 Northgreen 1-4                                                                                                                        
Property 1.23 Minimax                                                                                                                        
Property 1.24 Southpark Business Park E                                                                                                                        
Property 1.25 9385 Washington Blvd                                                                                                                        
Property 1.26 Rothway                                                                                                                        
Property 1.27 2730 Pinnacle                                                                                                                        
Property 1.28 Columbus West - Interchange Rd                                                                                                                        
Property 1.29 1346 Oakbrook Drive                                                                                                                        
Property 1.30 1230-1236 Hardt Circle                                                                                                                        
Property 1.31 Pine Forest Business Park                                                                                                                        
Property 1.32 Rittiman East Industrial Park #23 & 24                                                                                                                        
Property 1.33 1351 Oakbrook Drive                                                                                                                        
Property 1.34 1325 Oakbrook Drive                                                                                                                        
Property 1.35 490 Heartland Drive                                                                                                                        
Property 1.36 1265 Oakbrook Drive                                                                                                                        
Property 1.37 Columbus West - Business Park                                                                                                                        
Property 1.38 1155 Bowes Road                                                                                                                        
Property 1.39 1280 Oakbrook Drive                                                                                                                        
Property 1.40 Cox Business Center                                                                                                                        
Property 1.41 2002 Bloomingdale                                                                                                                        
Property 1.42 333 Charles Court                                                                                                                        
Property 1.43 483 Heartland Drive                                                                                                                        
Property 1.44 1256 Oakbrook Drive                                                                                                                        
Property 1.45 550 Heartland                                                                                                                        
Property 1.46 Rittiman East Industrial Park #22                                                                                                                        
Loan 2 Moffett Towers Buildings A, B & C(2)(32) B-Note None NAP 3.49000% NAP                                                                                                              
Property 2.01 Moffett Towers Building A                                                                                                                        
Property 2.02 Moffett Towers Building B                                                                                                                        
Property 2.03 Moffett Towers Building C                                                                                                                        
Loan 3 Tropical Distribution Center None None NAP   NAP                                                                                                              
Loan 4 BX Industrial Portfolio(2)(32) $85,724,445 B-Note; $129,885,523 C-Note; $53,134,987 D-Note  None NAP 3.30503939035944%  NAP                                                                                                              
Property 4.01 Bridgewater Center 1                                                                                                                        
Property 4.02 401 E Laraway Rd                                                                                                                        
Property 4.03 Rochelle 1                                                                                                                        
Property 4.04 350A Salem Church Rd                                                                                                                        
Property 4.05 Romeoville Bldg 1                                                                                                                        
Property 4.06 251 E Laraway Rd                                                                                                                        
Property 4.07 7940 Kentucky                                                                                                                        
Property 4.08 Mountain Top Distribution Center 2                                                                                                                        
Property 4.09 Enterprise Parkway                                                                                                                        
Property 4.10 Cavalier I                                                                                                                        
Property 4.11 1910 International                                                                                                                        
Property 4.12 Glen Dale                                                                                                                        
Property 4.13 Romeoville Bldg 2                                                                                                                        
Property 4.14 Enterprise Distribution Center 1                                                                                                                        
Property 4.15 2270 Woodale                                                                                                                        
Property 4.16 2950 Lexington Ave South                                                                                                                        
Property 4.17 Rivers Bend Center 1B                                                                                                                        
Property 4.18 DFW Logistics Center (Bldg 4)                                                                                                                        
Property 4.19 Rivers Bend Center 1C                                                                                                                        
Property 4.20 Territorial                                                                                                                        
Property 4.21 Diamond Hill 2                                                                                                                        
Property 4.22 Rivers Bend Center 2A                                                                                                                        
Property 4.23 Rivers Bend Center 1A                                                                                                                        
Property 4.24 Diamond Hill 3                                                                                                                        
Property 4.25 Whippany Business Center 1                                                                                                                        
Property 4.26 The Colony Land                                                                                                                        
Property 4.27 Shawnee Distribution Center 1                                                                                                                        
Property 4.28 Rivers Bend Center 2B                                                                                                                        
Property 4.29 7930 Kentucky                                                                                                                        
Property 4.30 Dues Dr Distribution Center 1                                                                                                                        
Property 4.31 Gibraltar                                                                                                                        
Property 4.32 Diamond Hill 1                                                                                                                        

 

  

 

 

Benchmark 2020-B18              
                 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES  
                   
                                                                                                                             
          Future Debt Whole Loan Mezzanine                                                                                                              
          Permitted Interest Interest                                                                                                              
Loan ID Property Name Existing Additional Sub Debt Description Existing Mezzanine Debt Type Rate Rate                                                                                                              
Property 4.33 DFW Logistics Center (Bldg 3)                                                                                                                        
Property 4.34 Elk Grove Distribution Center 1                                                                                                                        
Property 4.35 1000 Lucas Way                                                                                                                        
Property 4.36 Lakeview                                                                                                                        
Property 4.37 DFW Logistics Center (Bldg 5)                                                                                                                        
Property 4.38 9756 International                                                                                                                        
Property 4.39 350B Salem Church Rd                                                                                                                        
Property 4.40 6105 Trenton Ln                                                                                                                        
Property 4.41 300 Salem Church Rd                                                                                                                        
Property 4.42 Tower                                                                                                                        
Property 4.43 1940 Fernbrook Ln                                                                                                                        
Property 4.44 Production Distribution Center 1                                                                                                                        
Property 4.45 Culpeper                                                                                                                        
Property 4.46 Fairfield Distribution Center 1                                                                                                                        
Property 4.47 Cavalier II                                                                                                                        
Property 4.48 World Park II                                                                                                                        
Property 4.49 Diamond Hill 4                                                                                                                        
Property 4.50 2290-2298 Woodale                                                                                                                        
Property 4.51 514 Butler Rd                                                                                                                        
Property 4.52 Northridge II                                                                                                                        
Property 4.53 2222 Woodale                                                                                                                        
Property 4.54 Northridge I                                                                                                                        
Property 4.55 Romeoville Distribution Center 1                                                                                                                        
Property 4.56 1825 Airport Exchange                                                                                                                        
Property 4.57 7453 Empire - Bldg C                                                                                                                        
Property 4.58 Rivers Bend Center 1D                                                                                                                        
Property 4.59 Heathrow                                                                                                                        
Property 4.60 2240-2250 Woodale                                                                                                                        
Property 4.61 273 Industrial Way                                                                                                                        
Property 4.62 7453 Empire - Bldg B                                                                                                                        
Property 4.63 7453 Empire - Bldg A                                                                                                                        
Property 4.64 Rivers Bend Center - Land                                                                                                                        
Property 4.65 Production Distribution Center 1B                                                                                                                        
Property 4.66 Bridgewater Center 2                                                                                                                        
Property 4.67 Laraway Land 1                                                                                                                        
Property 4.68 Laraway Land 2                                                                                                                        
Loan 5 MGM Grand & Mandalay Bay(2)(32)(34) $804,400,000 B-Notes; $561,400,000 C-Notes  None Mezzanine 3.55800%  NAP                                                                                                              
Property 5.01 MGM Grand                                                                                                                        
Property 5.02 Mandalay Bay                                                                                                                        
Loan 6 1633 Broadway(2)(32)(34) B-Note None Equityholder Debt or Debt-Like Preferred Equity 2.99000% NAP                                                                                                              
Loan 7 711 Fifth Avenue(2)(34) None None Mezzanine 3.16000% NAP                                                                                                              
Loan 8 280 North Bernardo(2) None  None NAP 3.95000%  NAP                                                                                                              
Loan 9 420 Taylor Street(2) None None NAP 3.75000%  NAP                                                                                                              
Loan 10 3000 Post Oak(2)(33) None                                                                                                     20,000,000 NAP 4.98750% 10.00000%                                                                                                              
Loan 11 Chase Center Tower I(2)(32) $83,637,000 B-Note; $94,453,000 C-Note None NAP 4.50000486195182%  NAP                                                                                                              
Loan 12 Chase Center Tower II(2)(32) $71,363,000 B-Note; $80,547,000 C-Note None NAP 4.4999624243302%  NAP                                                                                                              
Loan 13 Brass Professional Center(2) None None NAP 4.75000% NAP                                                                                                              
Loan 14 Flushing Commons(35) None 3,975,906 NAP   4.50000%                                                                                                              
Loan 15 Apollo Education Group HQ Campus(2) None  None NAP 3.35000%  NAP                                                                                                              
Loan 16 Bellagio Hotel and Casino(2)(32)(34) $650,500,000 B-Notes; $683,300,000 C-Notes  None Mezzanine 3.66500% NAP                                                                                                              
Loan 17 Southcenter Mall(2) None  None NAP 2.88000%  NAP                                                                                                              
Loan 18 CityLine Augusta Portfolio None None NAP   NAP                                                                                                              
Property 18.01 Belair Dyess Self Storage                                                                                                                        
Property 18.02 Wheeler Self Storage                                                                                                                        
Loan 19 364 Lincoln(29) None None NAP   NAP                                                                                                              
Loan 20 Jasmine Cove(34) None None Mezzanine      NAP                                                                                                              
Loan 21 Battery Park Lofts None  None NAP    NAP                                                                                                              
Loan 22 Kings Plaza(2)(33)(35) None                                                                                                                                     53,000,000 NAP 3.35880% 6.00000%                                                                                                              
Loan 23 84 14th Street None None NAP   NAP                                                                                                              
Loan 24 Edge 32 Apartments None  None NAP    NAP                                                                                                              
Loan 25 Cambridge Club Apartments(29) None None NAP   NAP                                                                                                              
Loan 26 1725 N Commerce Parkway None None NAP   NAP                                                                                                              
Loan 27 CityLine Hattiesburg None None NAP   NAP                                                                                                              
Loan 28 OrthoSouth None None NAP   NAP                                                                                                              
Property 28.01 Primary Parkway                                                                                                                        
Property 28.02 Southaven                                                                                                                        
Loan 29 Strathmore Apartments None  None NAP    NAP                                                                                                              
Loan 30 630 W Lake None None NAP   NAP                                                                                                              
Loan 31 2 Laurel Drive None None NAP   NAP                                                                                                              
Loan 32 CityLine Flagstaff None None NAP   NAP                                                                                                              
Loan 33 968-970 Gates Ave None None NAP   NAP                                                                                                              
Loan 34 CityLine Wisconsin None None NAP   NAP                                                                                                              
Loan 35 StorQuest Self Storage - Modesto None None NAP   NAP                                                                                                              
Loan 36 StorQuest Self Storage - Ceres None None NAP   NAP                                                                                                              
Loan 37 Castle Rock Self Storage None None NAP   NAP                                                                                                              

 

  

 

 

Benchmark 2020-B18
FOOTNOTES TO ANNEX A-1
 
(1) GACC—German American Capital Corporation or one of its affiliates; GSMC—Goldman Sachs, Mortgage Company or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates.
   
(2)  

  Loan Number Mortgage Loan Seller Property Name Cut-off Date Balance ($) Non-Trust Pari Passu Cut-off Date Balance Controlling Note Governing PSA
  1 JPMCB Agellan Portfolio $75,000,000 $156,000,000 No Future Securitization
  2 GSMC Moffett Towers Buildings A, B & C $75,000,000 $368,000,000 No MOFT 2020-ABC
  4 GACC BX Industrial Portfolio $70,000,000 $310,682,660 No BMARK 2020-IG3
  5 CREFI/GACC MGM Grand & Mandalay Bay $65,000,000 $1,569,200,000 No BX 2020-VIVA
  6 GACC/JPMCB 1633 Broadway $62,850,000 $938,150,000 No BWAY 2019-1633
  7 GSMC 711 Fifth Avenue $45,000,000 $500,000,000 No GSMS 2020-GC47
  8 GACC 280 North Bernardo $40,000,000 $31,000,000 Yes BMARK 2020-B18
  9 JPMCB/CREFI 420 Taylor Street $38,000,000 $50,000,000 Yes BMARK 2020-B18
  10 JPMCB 3000 Post Oak $35,000,000 $45,000,000 Yes BMARK 2020-B18
  11 JPMCB Chase Center Tower I $18,213,750 $127,496,250 No BMARK 2020-IG2
  12 JPMCB Chase Center Tower II $15,536,250 $108,753,750 No BMARK 2020-IG2
  13 GSMC Brass Professional Center $32,700,000 $25,000,000 Yes BMARK 2020-B18
  15 JPMCB Apollo Education Group HQ Campus $26,500,000 $65,000,000 No BMARK 2020-B17
  16 JPMCB Bellagio Hotel and Casino $21,250,000 $1,654,950,000 No BX 2019-OC11
  17 GACC Southcenter Mall $20,000,000 $198,000,000 No GSMS 2020-GC45
  22 JPMCB Kings Plaza $14,108,108 $472,891,892 No BMARK 2020-B17

   
(3) With respect to any Mortgaged Property securing a multi–property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut–off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property.
 

●      Loan No. 1 – Agellan Portfolio

●      Loan No. 2 – Moffett Towers Buildings A, B & C

●      Loan No. 4 – BX Industrial Portfolio

●      Loan No. 5 – MGM Grand & Mandalay Bay

●      Loan No. 11 – Chase Center Tower I

●      Loan No. 12 – Chase Center Tower II

●      Loan No. 18 – CityLine Augusta Portfolio

●      Loan No. 28 – OrthoSouth

   
(4)  

      Multifamily Retail Office
  Loan No. Property Name Units Occ. % of UW
Base Rent		 NRA
(sq. ft.)		 Occ. % of UW
Base Rent		 NRA
(sq. ft.)		 Occ. % of UW
Base Rent
  7 711 Fifth Avenue       53,798 98.4% 78.5% 286,226 72.3% 21.5%
  30 630 W Lake 18 100.0% 46.2% 10,153 100.0% 53.8%      

 

 

Loan No. 4 – BX Industrial Portfolio – Five of the Mortgaged Properties are Leased Fee and account for approximately 1.9% of the total allocated loan amount. These five properties are not included in square footage calculations and do not account for any U/W Base Rent.

  

Loan No. 5 – MGM Grand & Mandalay Bay – Each of the related Mortgaged Properties consist of a resort and casino and, as of the trailing twelve months ending March 31, 2020 (i) with respect to the Mandalay Bay Mortgaged Property, approximately 34.1% of the revenues were from hotel rooms, approximately 30.2% of the revenues were from food and beverage sales, approximately 13.2% of the revenues were from gaming, and approximately 22.5% of the revenues were from other sources and (ii) with respect to the MGM Grand Mortgaged Property, approximately 27.2% of the revenues were from hotel rooms, approximately 29.4% of the revenues were from food and beverage sales, approximately 22.0% of the revenues were from gaming, and approximately 21.5% of the revenues were from other sources.

 

Loan No. 6 – 1633 Broadway – The Mortgaged Property includes 145,192 sq. ft. of theater space, constituting approximately 5.7% of the net rentable area at the Mortgaged Property, and approximately 80,000 sq. ft. of retail space, constituting approximately 3.1% of the net rentable area at the Mortgaged Property, of which approximately 40,000 sq. ft. is vacant.

 

  

 

 

 

Loan No. 16 – Bellagio Hotel and Casino – As of the trailing 12 months ended March 31, 2020, approximately 71.9% of the total revenues from the Mortgaged Property comes from sources other than the hotel operation, including the following: (a) casino (29.9%), (b) food and beverage (24.6%), (c) entertainment (9.0%), (d) retail (4.4%) and (e) other operations (3.9%).

   
(5)

Loan No. 3 – Tropical Distribution Center – The Mortgage Loan has an anticipated repayment date of the payment date in July 2030 (the “ARD”) and a final maturity date of the payment date in June 2034 (“Final Maturity Date”). Prior to the ARD, the Mortgage Loan accrues interest at a fixed rate equal to 3.59300% per annum (the “Initial Interest Rate”) and requires monthly payments of interest only at the Initial Interest Rate. From and after the ARD, (i) the Mortgage Loan accrues interest at the greater of (x) 6.09300% and (y) the 10–year swap rate as of the ARD plus 250 basis points (not to exceed the maximum rate permitted by applicable law) (the “Adjusted Interest Rate”) and requires monthly payments of interest only at the Initial Interest Rate, and (ii) the excess of interest accruing at the Adjusted Interest Rate over interest accruing at the Initial Interest Rate will accrue, will be deferred to the Final Maturity Date and, to the extent permitted by applicable law, will earn interest at the Adjusted Interest Rate.

 

Loan No. 5 – MGM Grand & Mandalay Bay – The MGM Grand & Mandalay Bay Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of March 5, 2030 and a final maturity date of March 5, 2032. After the ARD, the following structure would apply: (i) the interest rate will increase by 200 basis points over the greater of (x) 3.55800%, and (y)(1) the ARD Treasury Note Rate in effect on the ARD (such new rate, the “Adjusted Interest Rate”) plus (2) 1.77000%, (ii) amounts in the Excess Cash Flow Reserve (as defined in the related loan agreement) will be applied first to pay monthly additional interest amounts which, to the extent not paid, will be deferred (together with interest accrued thereon at the Adjusted Interest Rate) and added to the principal balance of the applicable note(s) comprising a portion of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents, and (iii) a full cash flow sweep to the extent of remaining amounts in the Excess Cash Flow Reserve will be applied to principal of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—ARD Loan(s)” in this Preliminary Prospectus.

   
(6) The Administrative Cost Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub–servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A–1, the definition of Administrative Fee Rate as it relates to any Non–Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub–servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non–Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non–Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Preliminary Prospectus.
   
(7)

Loan No. 1 – Agellan Portfolio – On the Closing Date, JPMCB is contributing the initial interest deposit amount to the Issuing Entity to cover one month’s interest that would have accrued with respect to the whole loan at the related net mortgage rate, and each of the First Payment Date, Original Term to Maturity or ARD and Remaining Term to Maturity or ARD reflects the foregoing. The whole loan’s actual First Payment Date under the related whole loan documents is September 7, 2020, with a loan term of 60 months.

 

Loan No. 9 – 420 Taylor Street – On the Closing Date, the Mortgage Loan Seller is contributing the initial interest deposit amount to the Issuing Entity to cover one month’s interest that would have accrued with respect to the whole loan at the related net mortgage rate, and each of the First Payment Date, Original Term to Maturity or ARD and Remaining Term to Maturity or ARD reflects the foregoing. The whole loan’s actual First Payment Date under the related whole loan documents is September 6, 2020, with a loan term of 120 months. Beginning on the first payment date occurring on September 6, 2020, the 420 Taylor Street Whole Loan will initially have an amortization period of 60 months. Commencing on the 61st payment date occurring on September 6, 2025, of the 420 Taylor Street Whole Loan will have an interest only period of 60 months.

 

Loan No. 13 – Brass Professional Center – Under the terms of the related Mortgage Loan documents, the first payment date is September 6, 2020, the original interest only period and the Remaining Interest Only Period are both 12 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD are both 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an August

 

  

 

 

 

2020 payment date, such Mortgage Loan is being treated as having a first payment date on August 6, 2020, an original interest only period and Remaining Interest Only Period of 13 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.

 

Loan No. 18 – CityLine Augusta Portfolio – Under the terms of the related Mortgage Loan documents, the first due date is September 6, 2020, the original interest only period and the Remaining Interest Only Period is 120 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD is 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an assumed August 2020 payment date, such Mortgage Loan is being treated as having a First Payment Date on August 6, 2020, an –original interest only period and – Remaining Interest Only Period of 121 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.

 

Loan No. 27 – CityLine Hattiesburg – Under the terms of the related Mortgage Loan documents, the first due date is September 6, 2020, the original interest–only period and the Remaining Interest Only Period is 36 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD is 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an assumed August 2020 payment date, such Mortgage Loan is being treated as having a First Payment Date on August 6, 2020, an original interest only period and Remaining Interest Only Period of 37 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.

 

Loan No. 28 – OrthoSouth – Under the terms of the related Mortgage Loan documents, the first due date is September 6, 2020, the original interest-only period and the Remaining Interest Only Period is 24 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD is 120 months. However, due to the fact that the related Mortgage Loan Seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an August 2020 payment date, such Mortgage Loan is being treated as having a First Payment Date on August 6, 2020, an –original interest only period and – Remaining Interest Only Period of 25 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.

   
(8)

Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12–month period following the Cut–off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments.

 

Loan No. 4 – BX Industrial Portfolio – With respect to Loan No. 4, BX Industrial Portfolio, the related whole loan is split between (i) a 17-month revolving floating rate loan with five, one-year extension options (the “BX Industrial Portfolio Floating Rate Loan”) with an aggregate Cut-off Date principal balance of approximately $99.4 million, and (ii) an 77-month fixed rate componentized loan (the “BX Industrial Portfolio Fixed Rate Loan”) comprised of (A) a senior fixed rate loan (the “BX Industrial Portfolio Senior Fixed Rate Loan”), with an aggregate Cut-off Date principal balance of $322.4 million evidenced by eight A-Notes, and (B) a subordinate fixed rate loan (the “BX Industrial Portfolio Subordinate Fixed Rate Loan”), with an aggregate Cut-off Date principal balance of $227.6 million, evidenced by Note A-1-B, Note A-1-C-1 and Note A-1-C-2, and Note A-1-D, each of which is subordinate to all notes with a prior alphabetical designation. The BX Industrial Portfolio Senior Fixed Rate Loan is senior to the BX Industrial Portfolio Subordinate Fixed Rate Loan. The BX Industrial portfolio Fixed Rate Loan and BX Industrial Portfolio Floating Rate Loan are pari passu, provided that voluntary prepayments are applied first to the BX Industrial Portfolio Floating Rate loan. The interest rate on the BX Industrial Portfolio Floating Rate Loan is LIBOR (subject to a floor of 0.00000%) plus a spread of 1.45000%. For purposes of the debt service coverage ratio calculations herein, LIBOR is assumed to be 0.50000%. The BX Industrial Portfolio whole loan NCF DSCR, based on a LIBOR cap of 4.00000% for the BX Industrial Portfolio floating rate loan, is 1.80x. With respect to the BX Industrial Portfolio Mortgage Loan, the debt service coverage ratios, loan-to-value ratios and debt yields include approximately $58,283,000 of the Cut-off Date Balance of the BX Industrial Portfolio Floating Rate Loan.

 

Loan No. 9 – 420 Taylor Street – The Underwritten NOI DSCR and Underwritten NCF DSCR was calculated based on the amortizing payments commencing on September 6, 2020 and exclude the initial interest deposit amount.

 

 

  

 

 

 

Loan No. 33 – 968–970 Gates Ave – The Mortgage Loan is structured with a $500,000 economic holdback as the Mortgaged Property continues to lease up. The economic holdback will be released upon the following conditions: (i) no event of default has occurred or is continuing, (ii) the NCF DSCR on the gross loan amount of $6,500,000 reaches or exceeds 1.70x, (iii) all units at the property are leased and (iv) each tenant at the Mortgaged Property has paid full and unabated rent for the month immediately preceding the borrower’s request for release of the holdback. As such, the Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Underwritten NOI DSCR, and Underwritten NCF DSCR are calculated with a reserve adjusted loan amount of $6,000,000. The unadjusted Underwritten NOI Debt Yield and unadjusted Underwritten NCF Debt Yield are 7.0% and 6.9%, respectively. The unadjusted Underwritten NOI DSCR and unadjusted Underwritten NCF DSCR are 1.63x and 1.61x, respectively.

   
(9)

“Hard” generally means each tenant is required to transfer its rent directly to the lender–controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over–the–counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox.

“Soft Springing Hard” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox.

   
(10) “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents).
   
(11)

With respect to the loans referenced below structured with A/B Notes, 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 Loan per Net Rentable Area (SF/Units/Rooms) ($) calculations exclude the subordinate secured debt.

 

●      Loan No. 1 – Agellan Portfolio

●      Loan No. 2 – Moffett Towers Buildings A, B & C

●      Loan No. 4 – BX Industrial Portfolio

●      Loan No. 5 – MGM Grand & Mandalay Bay

●      Loan No. 6 – 1633 Broadway

●      Loan No. 11 – Chase Center Tower I

●      Loan No. 12 – Chase Center Tower II

●      Loan No. 16 – Bellagio Hotel and Casino

   
(12)

Loan No. 2 – Moffett Towers Buildings A, B & C – the increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to new recent leasing to Google and Comcast and includes the straight line average of contractual rent step increments over the lease term for investment grade tenants.

 

Loan No. 21 – Battery Park Lofts – The increase from the Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged Property is primarily attributable to the Mortgaged Property being in lease–up during the trailing 12–month operating period after being delivered in 2018. The property was purchased by the Sponsor in November 2019 and has since increased in occupancy after replacing the seller’s management team with a professional leasing management company, SVR Property Management, LLC.

 

Loan No. 24 – Edge 32 Apartments – The increase from the Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged Property is primarily attributable to the trailing 12–month period including one–time expenses incurred for repairs and maintenance, professional fees and advertising costs during lease–up.

 

Loan No. 30 – 630 W Lake – The increase from Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged

 

  

 

 

 

Property is primarily attributable to tenants Gracie Barra and Modern Medical Artistry LLC recently taking possession of their respective spaces in 2019 and commencing paying rent and their respective pro rata share of reimbursements.

 

Loan No. 31 – 2 Laurel Drive – The increase from Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged Property is primarily attributable to the Mortgaged Property being vacant during redevelopment prior to the tenant Epicure Foods Corporation commencing its lease in March 2019 as well as tenants’ contractual rent steps and increased reimbursements.

   
(13) The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A–1 to this Preliminary Prospectus.
   
(14) In certain cases, in addition to an “as–is” value, the appraisal states an “as complete”, “as–stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A–1 is the “as–is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut–off Date LTV Ratio was calculated using the related “as complete”, “as–stabilized” or “hypothetical” Appraised Values, as opposed to the “as–is” Appraised Values, each as set forth in the following table:
   

  Mortgage Loan  % of Initial Pool Balance  Mortgage Loan Cut-off Date LTV Ratio (Other Than “As–Is”)  Mortgage Loan  LTV Ratio at Maturity (Other Than “As–Is”)  Appraised Value (Other Than “As–Is”)  Mortgage Loan Cut-off Date LTV Ratio (“As–Is”)  Mortgage Loan LTV Ratio at Maturity (“As–Is”)  Appraised Value (“As–Is”)
  Moffett Towers Building A, B & C(1)  8.0%  38.7%  38.7%  $1,145,000,000  44.5%  44.5%  $995,000,000
  MGM Grand & Mandalay Bay(2)  7.0%      35.5%(3)      35.5%(3)  $4,600,000,000      22.2%(3)      22.2%(3)  $7,352,600,000
  280 North Bernardo(4)  4.3%  59.2%  59.2%  $120,000,000  71.9%  71.9%  $98,700,000
  420 Taylor Street(5)  4.1%  61.3%  55.4%  $143,500,000  72.4%  65.4%  $121,500,000
  Chase Center Tower I and Chase Center Tower II(6)(7)  3.6%  31.3%  31.3%  $863,500,000  34.2%  34.2%  $789,100,000
  Bellagio Hotel and Casino(8)  2.3%  39.3%  39.3%  $4,260,000,000  25.8%  25.8%  $6,500,000,000

 

  (1) The Appraised Value (Other Than “As Is”) reflects the “As Stabilized” portfolio value of $1,145,000,000 as of October 1, 2021. The “As Stabilized” value assumes that both Google and Comcast accept delivery at the Mortgaged Property and are paying unabated rent as of October 1, 2021.
   
  (2)  The Other Than As–Is Appraised Value of $4,600,000,000 as of January 10, 2020, set forth above is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Mortgaged Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased–Sale–Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As–Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay Bay Mortgaged Properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay Mortgaged Properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay Mortgaged Properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay Borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay Borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay Borrowers to the mortgage lender.
   
  (3) The Mortgage Loan Cut-off Date LTV Ratio (“As–Is”) and the Mortgage Loan LTV Ratio at Maturity (“As–Is”) based on the Aggregate As-Is Appraised Value are 22.2% and 22.2%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan. The Mortgage Loan Cut-off Date LTV Ratio (Other Than “As–Is”) and the Mortgage Loan LTV Ratio (Other Than “As–Is”) at Maturity based on the Aggregate Real Property Appraised Value are 35.5% and 35.5%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan.

 

  

 

 

  (4) The appraised value represents the “As Stabilized” appraised value, which assumes all free rent has burned off and rent commencement has begun. The tenant, Aurora  Innovations, has begun the buildout of its space and approximately $10.9 million was reserved upfront in free rent and completion reserves. Based on the “As–is” appraised value as of October 29, 2019 equal to $98.7 million, the Cut–off Date LTV and Maturity LTV are 71.9%. In addition, the appraisal concluded to a “Hypothetical Go Dark” appraised value of $78.6 million as of October 29, 2019. Based on the “Hypothetical Go Dark” appraised value, the Cut–off Date LTV and Maturity LTV are 90.3%.
   
  (5) The Appraised Value (Other Than “As–Is”) reflects the “Prospective Value Upon Completion (TILC Funded) / Stabilization” value, which assumes all remaining construction and tenant improvements as of May 1, 2021 have been paid for or funded. At origination, the borrowers reserved approximately $8,447,054 for all outstanding tenant improvements. The “As–Is” appraised value as of May 1, 2020 is $121.5 million, which results in a whole loan Cut–off LTV of approximately 72.4%.
   
  (6) The Appraised Value (Other Than “As–Is”) represents the “Hypothetical As–If Funded” value, which assumes all remaining construction and tenant improvements as of December 19, 2019 have been paid for or funded. At origination, the borrowers reserved $62,678,348 for all outstanding tenant improvements and outstanding repairs. Such construction and tenant improvements have since been funded.
   
  (7) With respect to Chase Center Tower I and Chase Center Tower II mortgage loans, the mortgage loans are cross collateralized and cross defaulted. As such the calculation are based on the aggregate Current Balance ($), Maturity/ARD Balance, UW NOI, UW NCF and Debt Services of these loans.
   
  (8)The Appraised Value (Other Than “As–Is”) reflects the “As Leased” value solely with respect to the real property portion of the Mortgaged Property of $4,260,000,000, excluding certain intangible value attributable to the Mortgaged Property.
   
 

Loan No. 1 – Agellan Portfolio – The Appraised Value is based on an aggregate “as–is” value of the Mortgaged Properties and is inclusive of excess land value that is defined in each individual Mortgaged Property appraisal and serves as collateral for the whole loan. The excess vacant land parcels are associated with the Sarasota Distribution Hub and Supervalu properties, and may be released pursuant to satisfying conditions set forth in the whole loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus.

 

Loan No. 6 – 1633 Broadway – The appraisal includes the extraordinary assumption that the owner has provided a $55,980,670 capital expenditure budget that is projected to occur over the initial 10 years of the investment holding period, which was utilized to estimate the value set forth in the appraisal. Such capital expenditures are not required and have not been reserved for under the Mortgage Loan documents, and we cannot assure you that they will be made.

   
(15)

Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.

 

“L(x)” means lock–out for x payments.

 

“D(x)” means may be defeased for x payments.

 

“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.

 

“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.

“DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.

  

“O(x)” means freely prepayable for x payments, including the maturity date.

 

“YM0.5(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 0.5% of the amount prepaid.

 

 

  

 

 

 

“DorYM0.5(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 0.5% of the amount prepaid.

 

Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio Mortgage Loan) under various circumstances, as described in this Preliminary Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Voluntary Prepayments” in this Preliminary Prospectus.

   
(16)

Loan No. 1 – Agellan Portfolio – The lockout period will be at least 24 payments beginning with and including the first payment date of August 7, 2020. The borrowers have the option to defease the full $403.0 million Agellan Portfolio Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) the third anniversary of the first payment date. The assumed lockout period of 24 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 2 – Moffett Towers Buildings A, B & C – The defeasance lockout period will be at least 29 payment dates beginning with and including the first payment date of March 6, 2020. Defeasance of the Moffett Towers Buildings A, B & C Whole Loan in full is permitted after the date that is the earlier of (i) February 6, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. On and after March 6, 2022, the Moffett Towers Buildings A, B & C Whole Loan may be voluntarily prepaid with a prepayment fee equal to the greater of the yield maintenance amount or 1% of the unpaid principal balance as of the prepayment date. The assumed defeasance lockout period of 29 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 5 – MGM Grand & Mandalay Bay – The defeasance lockout period will be at least 28 payment dates beginning with and including the first payment date of April 5, 2020. The MGM Grand & Mandalay Bay borrowers have the option to defease the MGM Grand & Mandalay Bay Whole Loan, in whole or in part, after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 14, 2023. The MGM Grand & Mandalay Bay Whole Loan may be prepaid in whole or in part at any time, subject to payment of the applicable yield maintenance premium if such prepayment occurs prior to September 5, 2029 (provided no yield maintenance will be due in connection with mandatory prepayments arising out of any casualty, condemnation or in connection with a Special Release or a Default Release (as defined in the Preliminary Prospectus). The assumed lockout period of 28 payment dates is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 6 – 1633 Broadway – The lockout period will be at least 31 payment dates beginning with and including the first payment date of January 6, 2020. Defeasance of the whole loan in full is permitted after the date that is the earlier to occur of (i) November 25, 2022 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 31 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 7 – 711 Fifth Avenue – The lockout period will be at least 28 payment dates beginning with and including the first payment date of April 6, 2020. Defeasance of the 711 Fifth Avenue Whole Loan in full is permitted after the date that is the earlier to occur of (i) March 6, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 28 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 8 – 280 North Bernardo – The defeasance lockout period will be at least 24 payments beginning with and including the first payment date of August 6, 2020. The borrower has the option to defease the 280 North Bernardo Whole Loan in whole (and not in part) after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) June 29, 2023. The assumed defeasance lockout period of 24 months is based on the expected closing date of the Benchmark 2020–B18 securitization in July 2020. The actual lockout period may be longer.

  

Loan No. 9 – 420 Taylor Street – The lockout period will be 24 payments beginning with and including the first payment date of August 6, 2020. The borrowers may defease the whole loan in full after the earlier to occur of (i)

 

  

 

 

 

two years after the closing date of the securitization that includes the last note to be securitized and (ii) August 6, 2023. The assumed lockout period of 24 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 10 – 3000 Post Oak – The lockout period will be at least 28 payments beginning with and including the first payment date of April 1, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 6, 2024. The assumed lockout period of 28 months is based on the expected closing date of the Benchmark 2020–B18 securitization in July 2020. The actual lockout period may be longer.

 

Loan Nos. 11 and 12 – Chase Center Tower I & Chase Center Tower II – The lockout period will be 27 payments beginning with and including the first payment date of May 10, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) May 10, 2023. The assumed defeasance lockout period of 27 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual defeasance lockout period may be longer.

 

Loan No. 13 – Brass Professional Center – The lockout period will be at least 24 payment dates beginning with and including the adjusted first payment date of August 6, 2020 (the actual first payment date is September 6, 2020; see footnote #9 above). Defeasance of the Brass Professional Center Whole Loan in full is permitted after the date that is the earlier to occur of (i) July 10, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

  

Loan No. 16 – Bellagio Hotel and Casino – The lockout period will be 31 payments beginning with and including the first payment date of January 5, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 15, 2022. The assumed lockout period of 31 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

 

Loan No. 17 – Southcenter Mall – The Southcenter Mall Loan lockout period is required to be at least 30 payments beginning with and including the first payment date of February 1, 2020. Defeasance of the full $218.0 million whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) January 1, 2023. The assumed lockout period of 30 months is based on the expected closing date of the Benchmark 2020–B18 securitization in July 2020. The actual lockout period may be longer.

 

Loan No. 22 – Kings Plaza – The lockout period will be at least 30 payment dates beginning with and including the first payment date of February 1, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) February 1, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 30 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.

   
(17)

Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool —Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.

 

●      Loan No. 1 – Agellan Portfolio

●      Loan No. 2 – Moffett Towers Buildings A, B & C

●      Loan No. 4 – BX Industrial Portfolio

●      Loan No. 5 – MGM Grand & Mandalay Bay 

●      Loan No. 11– Chase Center Tower I

●      Loan No. 12 – Chase Center Tower II

●      Loan No. 17 – Southcenter Mall

●      Loan No. 18 – CityLine Augusta Portfolio

●      Loan No. 22 – Kings Plaza

 

  

 

 

   
(18)

The following Mortgaged Properties consists, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:

 

●      Loan No. 16 – Bellagio Hotel and Casino

●      Loan No. 22 – Kings Plaza

 

Loan No. 4 – BX Industrial Portfolio – the mortgaged properties in DFW Logistics Center (Bldg 4), DFW Logistics Center (Bldg 3), and DFW Logistics Center (Bldg 5) consist, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests. In addition, the BX Industrial Portfolio – 2270 Woodale Mortgaged Property is subject to a condominium structure; however, the condominium is not fractured.

 

Loan No. 17 – Southcenter Mall – The Southcenter Mall Property is owned in fee by the borrower, except for a parking parcel containing approximately 1,350 parking spaces, in which the borrower has a sub–ground leasehold interest through June 2045. The ground rent under the lease is currently approximately $8,175 per month and resets every 10 year period subject to the methodology in the ground lease documents.

   
(19)

Loan No. 5 – MGM Grand & Mandalay Bay – Under the Master Lease, the MGM tenant is required to pay to the MGM Grand & Mandalay Bay borrowers an initial lease rent of $292.0 million per annum ($159.0 million allocated to the MGM Grand Property and $133.0 million allocated to the Mandalay Bay Property, the “Master Lease Rent”), subject to annual increases of (i) 2.0% in years 2 through 15 of the initial lease term, and (ii) thereafter, the greater of 2.0% or CPI (CPI capped at 3.0%) for the remainder of the initial lease term. Additionally, the MGM tenant will be required to continue to invest in the MGM Grand & Mandalay Bay Properties, with (x) a minimum aggregate capital investment requirement of 3.5% of actual net revenues every five years (the first such period beginning January 1, 2020 and expiring December 31, 2024, and the second such period beginning January 1, 2021 and expiring December 31, 2025, and each five–year period thereafter on a rolling basis) in the aggregate for the MGM Grand & Mandalay Bay Properties (such amount not to be less than 2.5% of the actual net revenue of any individual Mortgaged Property) (collectively, the “Required CapEx”) and (y) a monthly reserve equal to 1.5% of actual net revenues which may be used for FF&E and on qualifying capital expenditures in satisfaction of the Required CapEx spend. The Mortgaged Properties were acquired in a sale-leaseback transaction.

 

Loan No. 16 – Bellagio Hotel and Casino – The Mortgaged Property was acquired by the borrower in a sale–leaseback transaction from Bellagio, LLC, an indirectly wholly owned subsidiary of MGM Resorts International. Bellagio, LLC and the borrower entered into a new 30–year lease, with two 10–year extension options, for Bellagio, LLC to operate the Mortgaged Property.

   
(20) Loan Nos. 11 and 12 – Chase Center Tower I and Chase Center Tower II – Uber Technologies, Inc. occupies 100% NRA and is an indirect equity owner of the borrower.
   
(21)

The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if the landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with such tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the Mortgaged Property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely.

 

Loan No. 4 – BX Industrial Portfolio – The Largest Tenant at the individual Mortgaged Property located at 500 HP Way, Nestor Imports, Inc. (“Nestor”), has the one–time option to terminate its lease (the "Termination Option"), effective as of the Early Termination Date (as hereinafter defined), provided that, among other things, no event of default is ongoing and prior written notice is given of Nestor’s exercise of the Termination Option (the "Early Termination Notice"), which termination shall be effective on the last day of the calendar month that is 180 days after the date upon which landlord receives such Early Termination Notice (the “Early Termination Date”). The sole tenant at the individual Mortgaged Property located at 7940 Kentucky Avenue, The United States of America, may terminate its lease, in whole or in parts, at any time effective after the October 31, 2024, by providing not less than 120 days' prior written notice to the related landlord.

 

  

 

 

 

Loan No. 6 – 1633 Broadway – The 4th Largest Tenant, Morgan Stanley & Co, representing approximately 10.2% of net rentable area, has the option to terminate its lease as to all or any portion (but not less than one full floor) of its space at any time after April 1, 2027, upon 18 months’ notice and payment of a termination fee. The 5th Largest Tenant, Kasowitz Benson Torres, representing approximately 7.9% of the net rentable area, has the right to terminate all or any portion of one full floor of the premises located on the uppermost or lowermost floors (provided that the terminated space must be in a commercially reasonable configuration) effective as of March 31, 2024, by providing notice by March 31, 2023 and payment of a termination fee.

 

Loan No. 13 – Brass Professional Center – The Largest Tenant, QTC Management, representing approximately 8.0% of net rentable area, has the right to terminate its lease with respect to (i) Suite 350 (12,297 sq. ft.) effective annually beginning on April 30, 2024, with 120 days’ prior notice and payment of a termination fee and (ii) Suite 100 (5,256 sq. ft.) at any time effective as of May 1, 2023 with 365 days’ prior notice and payment of a termination fee. The 4th Largest Tenant, TNC (US) Holdings, Inc., representing approximately 5.2% of net rentable area, has the right to terminate its lease effective as of October 31, 2025 with 180 days’ prior notice and payment of a termination fee.

 

Loan No. 14 – Flushing Commons – The 2nd Largest Tenant, Empire Healthchoice HMO Inc., representing approximately 16.6% of the net rentable area, has the one–time option to terminate its lease on January 31, 2023 so long as the tenant gives six months’ notice and payment of a termination fee.

 

Loan No. 17 – Southcenter Mall – the Largest Tenant, American Multi–Cinema (“AMC”), representing approximately 8.9% of net rentable area, has the option to terminate its lease: (a) If any Law shall prohibit the use of AMC's Facility for its primary use during lease term as permitted, AMC may notify landlord and if landlord shall not, within 60 days, cause the prohibition to be lifted, then AMC may, at its option, terminate this lease by giving landlord notice thereof. If a prohibition should occur or be imposed, then for the period beginning on the occurrence or imposition and ending on the date the same shall have been lifted or this lease terminated, annual fixed rent, annual percentage rent and index rent shall be fully abated and landlord shall refund any such unearned rent paid by AMC; (b) If a court of competent jurisdiction makes a final decision that such closure shall be deemed a constructive eviction, AMC shall have a one–time right to terminate this Lease on written notice to landlord within 30–days following such decision; (c) If AMC's operations are materially adversely affected as a direct result of any breach by landlord of its representations or obligations, the rent shall abate, and in lieu thereof, AMC shall pay percentage rent only during the continuance thereof, and if such condition prohibits AMC from operating in AMC's facility for a period longer than three months, AMC may, in addition to its other remedies, terminate this Lease by giving notice to landlord of its election to do so. The Third Largest Tenant, Round One (“RO”), representing approximately 5.2% of net rentable area, has the option to terminate its lease: (a) If RO is unable to obtain a building permit within 90 days following the outside submission date, then RO shall have the option to terminate the lease by written notice delivered to landlord within 180 days following that date, so long as RO is not then in default of the lease upon applicable notice and cure periods; (b) If use permits are not issued within 90 days, then RO shall have the option to terminate the lease within 30 days, so long as RO is not then in default of this Lease upon applicable notice and cure periods; (c) If RO provides landlord with its notice of termination under the preceding paragraph (b) then landlord, at its sole option and discretion, on notice to RO given within 10 days after receipt of RO's notice of termination, shall have the right to seek to obtain the building permit on RO's behalf and at RO's expense for a period of up to 120 days after the date of RO's notice of termination, and RO shall reasonably cooperate with landlord's efforts upon request. The termination date set forth in RO's notice of termination hereunder shall be postponed during the time of landlord’s efforts, such postponement does not exceed 120 days and if landlord is unsuccessful in obtaining the building permit within said period with conditions (if any) reasonably acceptable to RO, then the lease shall terminate upon the expiration of said period; provided that if landlord is able to obtain the building permit without conditions that are unacceptable to RO, then the notice of termination given by RO shall be null and void and of no force or effect thereafter.

 

Loan No. 22 – Kings Plaza – The 2nd Largest Tenant, Primark, has the right to terminate its lease on July 7, 2028 with 12 months’ notice provided that, as of the termination date, (i) the tenant is Primark US Corp., or a Primark successor, and (ii) the tenant is not in default of its lease beyond any applicable notice and cure period; however, such termination option will be automatically terminated and of no force or effect if either (a) another Primark store opens for business within a certain radius of the Mortgaged Property, or (b) the tenant or any of its affiliates own, operate, otherwise become financially interested in any other Primark store or any other store branded under the Primark name within the radius.

 

  

 

 

 

Loan No. 30 – 630 W Lake – The 5th Largest Tenant, Old Town Barbershop, representing approximately 14.1% of net rentable area, has the one–time option to terminate its lease on December 31, 2024 so long as the tenant gives nine months’ notice, there has been no event of default by the tenant under the lease, and payment of a termination fee.

   
(22)

The following major tenants (listed on Annex A–1) are currently subleasing all or a significant portion of its leased space:

 

Loan No. 4 – BX Industrial Portfolio – The sole tenant at the 1910 International Mortgaged Property and the Culpeper Mortgaged Property, and the Largest Tenant at the 7453 Empire Bldg B Mortgaged Property, each has subleased their space.

 

Loan No. 6 – 1633 Broadway – The Largest Tenant, Allianz Asset Management of America L.P., subleases 20,600 sq. ft. of suite 4600 (totaling 54,118 sq. ft.) to Triumph Hospitality at a base rent of $46.80 PSF through December 30, 2030. Triumph Hospitality further subleases 3,000 sq. ft. of suite 4600 to Stein Adler Dabah & Zelkowitz at a base rent of $41.33 PSF through July 31, 2022. Underwritten base rent is based on the contractual rent under the prime lease. The 2nd Largest Tenant, WMG Acquisition Corp, subleases 3,815 sq. ft. of suite 0400 (totaling 36,854 sq. ft.) to Cooper Investment Partners LLC at a base rent of $58.37 PSF on a month–to–month basis. Underwritten base rent is based on the contractual rent under the prime lease. The 5th Largest Tenant, Kasowitz Benson Torres, subleases a collective 32,487 sq. ft. of Suite 2200 (totaling 50,718 sq. ft.) to three tenants. Delcath Systems, Inc. subleases 6,877 sq. ft. and pays a rent of $68.50 PSF through February 28, 2021; Avalonbay Communities subleases 12,145 sq. ft. through October 31, 2026 and pays a current rent of $74.00 PSF; Cresa New York subleases 13,195 sq. ft. and pays a rent of $65.00 PSF through April 30, 2021. Underwritten base rent is based on the contractual rent under the prime lease.

 

Loan No. 10 – 3000 Post Oak – The Largest Tenant, Bechtel Oil, Gas and Chemicals, Inc., subleases 1,447 square feet to Chevron Federal Credit Union. In certain instances, the tenant has entered into one or more subleases for a de minimis portion of its total leased space or leased a portion of its space to an affiliate. In each such case, the applicable tenant, as presented herein, remains fully responsible in all material respects for the contractual lease terms.

   
(23)

Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations¬—Other” in this Preliminary Prospectus.

 

The tenants shown in Annex A–1 have signed leases but may or may not be open for business as of the Cut–off Date.

 

Loan No. 2 – Moffett Towers Buildings A, B & C – Google, representing 85.7% of net rentable area, has executed a lease for Building B but has not yet accepted delivery or begun paying rent. Google is expected to take possession of Building B in January 2021. Additionally, due to the ongoing COVID–19 pandemic, it may delay the delivery of the remaining space that Google is expected to take in Building B which would impact and/ or delay the rent commencement date for such space. We cannot assure you if or when the space will be delivered or when Google will begin paying rent on their delivered space. Google took possession of the initial phase of their space in Building C (96,282 sq. ft. of the total 181,196) on March 1, 2020 and took possession of the remaining space in Building C (84,914 sq. ft. of the total 181,196) on July 1, 2020.

 

Loan No. 2 – Moffett Towers Buildings A, B & C – Comcast, representing 11.7% of the net rentable area, has executed a lease extension and relocation for 111,707 sq. ft. The relocation space consists of 40,296 sq. ft. and Comcast is expected to take possession of the relocation space in November 2020 and begin paying rent on both the existing space and relocation space in March 2021. We cannot assure you that the tenant will occupy its space or commence the payment of rent as expected or at all.

 

Loan No. 6 – 1633 Broadway – New Mountain Capital, LLC, representing 4.2% of the net rentable area, has executed a lease but has not yet taken occupancy or begun paying rent.

 

Loan No. 7 – 711 Fifth Avenue – Ralph Lauren, representing approximately 11.4% of the net rentable area, is dark with respect to 38,638 sq. ft. of its space. The tenant continues to operate the 7,436 sq. ft. Polo Bar at the mortgaged property which is temporarily closed.

 

  

 

 

 

Loan No. 8 – 280 North Bernardo – Aurora Innovations, representing 100.0% of the net rentable area has executed a lease and has taken possession of their space but has not yet completed the buildout of its space and therefore has not begun occupying. As a result of the COVID–19 pandemic, the tenant was offered and accepted a 3–month forebearance period from the landlord until August 18, 2020.

 

Loan Nos. 11 and 12 – Chase Center Tower I & Chase Center Tower II – The Largest Tenant, Uber Technologies, Inc., representing 100.0% of the net rentable area of the Mortgaged Properties, executed two leases for the premises in March 2018. Uber has begun paying rent in September and October 2019, but is not yet in occupancy. Uber was expected to begin taking occupancy in June 2020 upon completion of the buildout of Uber’s space, which has been temporarily delayed due to the impact of the COVID–19 pandemic.

 

Loan No. 22 – Kings Plaza – Though currently in occupancy and paying rent, Forever 21 has been underwritten as vacant. Forever 21 has been in occupancy at the Mortgaged Property since 2010 pursuant to a lease expired in January 2020. Forever 21 filed for Chapter 11 bankruptcy in September 2019. The Forever 21 tenant and the borrower are currently negotiating a 3–year renewal with the tenant, which is pending court approval.

   
(24)

The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants–in–common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies–in–Common or Diversified Ownership” in this Preliminary Prospectus for further information.

 

●      Loan No. 6 – 1633 Broadway

●      Loan No. 9 – 420 Taylor Street

●      Loan No. 14 – Flushing Commons

   
(25)

All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.

 

Loan No. 6 – 1633 Broadway – On the loan origination date, the borrowers provided a guaranty from Paramount Group Operating Partnership LP of up to $4,000,000 and funded a reserve of approximately $36,389,727 with respect to unfunded tenant improvements, tenant allowance and leasing commissions and free rent obligations consisting of (a) $24,105,228 for certain outstanding tenant improvements, (b) $804,393 for certain outstanding leasing commissions and (c) $15,480,107 for certain outstanding free rent. Subsequently, the borrowers substituted a letter of credit for the cash on reserve in such reserve account. The borrower has requested a reduction of the amount outstanding with regards to the letter of credit. The requested reduction amount is $15,248,699, which would reduce the letter of credit to $17,427,359.

 

Loan No. 7 – 711 Fifth Avenue – The borrower funded $2,000,000 at origination for estimated costs in connection with obtaining a new temporary or permanent certificate of occupancy to replace the temporary certificate of occupancy that expired in November 2019. The borrower obtained a temporary certificate of occupancy that was effective as of March 24, 2020, and the $2,000,000 has been disbursed to the borrower.

   
(26)

All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents.

 

Loan No. 9 – 420 Taylor Street – The borrowers were required at loan origination to deposit $1,222,625.16 (the “Minimum Balance”) into the Upfront Other Reserves ($) (amount so deposited referred to as “Debt Service Reserve Funds”), which the lender (a) so long as the Minimum Balance is in the form of cash and provided the Letter of Credit Proceeds Reserve Funds (as defined below) are insufficient to pay the monthly debt service payment, is required to disburse if the borrower makes a disbursement request in accordance with the whole loan documents or (b) may disburse in its sole discretion to satisfy the payment of the monthly debt service payment if the lender determines that rents generated from the Mortgaged Property may not be sufficient to make the monthly debt service payment. On each payment date following any application of the Debt Service Reserve Funds pursuant to the foregoing sentence, the borrowers are required to deposit into the Monthly Other Reserves ($) all sums remaining in the cash management account after payment of debt service, required reserves, operating expenses, and approved extraordinary expenses until the balance therein equals the Minimum Balance or, on or after September 6, 2025, the amount equal to then–current monthly debt service payment amount multiplied by three. The “Letter of Credit Proceeds Reserve Funds” means the portion of the security deposit delivered by the sole tenant at the Mortgaged Property, including the proceeds resulting from the drawing upon a letter of credit, that the borrowers are permitted to hold and apply, including if the borrowers draw upon a letter of

 

  

 

 

 

credit to cure a non–payment of such sole tenant, which such proceeds are required to be deposited with the lender.

 

Loan No. 9 – 420 Taylor Street – During the term of the 420 Taylor Street Whole Loan, at any time that the borrowers draw on the letter of credit given by the sole tenant at the Mortgaged Property, NextDoor, to the borrowers as security for the NextDoor lease, the borrowers are required to cause such proceeds to be deposited into a letter of credit proceeds reserve account (such proceeds, the “Letter of Credit Proceeds Reserve Funds”).

 

Loan No. 20 – Jasmine Cove – The borrower was required at loan origination to deposit $303,406 (the “Debt Service Reserve Funds”) into the Upfront Other Reserves ($), which the lender (a) is required to disburse if the borrower makes a disbursement request in accordance with the Mortgage Loan documents or (b) may disburse in its sole discretion to satisfy the payment of the monthly debt service payment if the lender determines that rents generated from the Mortgaged Property may not be sufficient to make the monthly debt service payment. On each payment date following any application of the Debt Service Reserve Funds pursuant to the foregoing sentence, the borrower is required to deposit into the Monthly Other Reserves ($) an amount equal to the gross income from the operation of the Mortgaged Property minus the operating expenses and the monthly debt service amount payment and other required deposits until the aggregate amount on reserve equals $303,406 (the “Minimum Balance”). Upon the borrower’s satisfaction of the Debt Service Reserve Reduction Criteria (as defined below), the Minimum Balance is required to be reduced to $151,703, and any amounts then on deposit in excess of such reduced minimum balance is required to be deposited into the lockbox account. In addition, upon the borrower’s satisfaction of the Debt Service Reserve Release Criteria (as defined below), all amounts then on deposit in excess of such reduced minimum balance is required to be deposited into the lockbox account. The “Debt Service Reserve Reduction Criteria” means (i) no event of default has occurred and is continuing, (ii) no fewer than 12 months have passed since any Debt Service Reserve Funds were last disbursed, and (iii) the maintenance of a debt service coverage ratio of 1.00x or greater for 12 consecutive months based upon the trailing one–month periods immediately preceding the date of determination. The “Debt Service Reserve Release Criteria” means (i) no event of default has occurred and is continuing, (ii) no fewer than 24 months have passed since any Debt Service Reserve Funds were last disbursed, and (iii) the maintenance of a debt service coverage ratio of 1.00x or greater for 24 consecutive months based upon the trailing one–month periods immediately preceding the date of determination.

 

Loan No. 21 – Battery Park Lofts – A debt service reserve (equal to $207,000, or approximately three months of debt service) was reserved by the borrower at closing. An additional $34,500 will be collected monthly for the first six months of the loan term. Altogether, the sum of initial and monthly reserves will total approximately six months of principal and interest payments.

 

Loan No. 24 – Edge 32 Apartments – A debt service reserve (equal to $145,831, or approximately three months of debt service) was reserved by the borrower at closing. An additional $24,305 will be collected monthly for the first six months of the loan term. Altogether, the sum of initial and monthly reserves will total approximately six months of principal and interest payments.

 

Loan No. 30 – 630 W Lake – The monthly replacement reserve will not be required on any monthly payment date to the extent that such deposit would cause the amount of the replacement reserve to exceed the aggregate sum of 36 months of monthly replacement reserve deposits.

  

Loan No. 37 – Castle Rock Self Storage – Borrower shall be required to make the replacement reserve monthly deposits only to the extent that the amount of funds on deposit in the replacement reserve account is less than the product of 36 and $669.25.

   
(27) Loan No. 8 – 280 North Bernardo – On a monthly basis beginning with the payment date in August 2021, the borrower will be required to deposit approximately $1,389 into a replacement reserve account, capped at approximately $50,019, for capital expenditures, so long as no trigger period is in effect(and the borrower has not drawn down funds from the reserve to pay debt service). In the event funds in the Debt Service Reserve are not fully drawn down upon, the borrower is obligated to replenish such reserve up to an amount equal to approximately six months of debt service (or $1,402,250). In the event funds in the Debt Service Reserve are fully drawn down upon, the borrower is obligated to replenish such reserve up to an amount equal to approximately twelve months of debt service (or $2,804,500). In the event that the funds in the Landlords Work Reserve are determined to be less than the sum of (a) the cost to complete the landlord’s work and (b) the amount the lender reasonably believes will become payable by the property manager under the manager reimbursement agreement, the borrower will be required to deposit funds to cure the deficiency.
   

 

  

 

 

(28)

Loan No. 13 – Brass Professional Center – The borrower is required to deposit into the Tax reserve (i) approximately $218,019 only on the payment dates occurring in September 2020 and October 2020 and (ii) approximately $109,010 thereafter. The borrower is required to deposit into the TI/LC reserve (i) $143,309 on each payment date occurring from September 2020 to and including the payment date in August 2021 and (ii) approximately $59,977 on each payment date thereafter.

 

Loan No. 31 – 2 Laurel Drive – The monthly leasing reserve is a TI/LC reserve in an amount equal to (i) $1,531.25 for the first payment date through the payment date in August 2024 and (ii) $3,368.75 for the payment date occurring in September 2024 and thereafter.

   
(29)

Loan No. 19 – 364 Lincoln – In the event a cash sweep event occurs as a result of the debt service coverage ratio based on the trailing three–month period immediately preceding the date of determination is less than 1.30x (a “DSCR Trigger Event”),, the borrower may cure such cash sweep event by making a deposit into the Monthly Other Reserves ($) in the form of cash and/or a letter of credit in an amount no less than an amount which, if applied to the then outstanding principal balance of the Mortgage Loan, would result in the achievement of a debt service coverage ratio for two consecutive quarters based upon the trailing three–month period immediately preceding the date of determination of 1.35x (such deposit, a “DSCR Cure Deposit”). Each DSCR Cure Deposit will be effective for a period of 12 months and the borrower may prevent a subsequent DSCR Trigger Event after the initial 12–month period by depositing with the lender an additional DSCR Cure Deposit.

 

Loan No. 25 – Cambridge Club Apartments – At origination of the Mortgage Loan, the borrower deposited a letter of credit in the amount of $300,000 for the debt service reserve. Beginning with the monthly payment date occurring on July 6, 2021 and on each monthly payment date thereafter, so long as all debt service reserve reduction conditions are satisfied on each such monthly payment date, the amount of the debt service letter of credit required to be on deposit with the lender will be reduced by $50,000 on each such monthly payment date until such amount is reduced to $0.

   
(30) With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Mortgage Pool Characteristics—Environmental Considerations” in this Preliminary Prospectus.

 

  Loan No. Mortgage Loan Mortgage Loan Cut-off Date Balance % of Initial Outstanding Pool Balance Maximum Policy Amount Premium Paid in Full Expiration Date
  1.26 Agellan Portfolio – Rothway $982,630 0.1% $3,000,000 Yes 7/15/2028
  3 Tropical Distribution Center $75,000,000 8.0% $5,000,000 No 5/11/2030
  4 BX Industrial Portfolio(1) $70,000,000 7.5% $25,000,000 Yes 9/26/2024
  4 BX Industrial Portfolio(1) $70,000,000 7.5% $10,000,000 Yes 9/26/2024
  5 MGM Grand & Mandalay Bay $65,000,000 7.0% $25,000,000 Yes 2/14/2025
  6 1633 Broadway $62,850,000 6.7% $25,000,000 Yes 10/2/2020
  7 711 Fifth Avenue $45,000,000 4.8% $5,000,000 Yes 3/6/2033
  11 Chase Center Tower I $18,213,750 1.9% $20,000,000 Yes 3/12/2033
  12 Chase Center Tower II $15,536,250 1.7% $20,000,000 Yes 3/12/2033
  16 Bellagio Hotel and Casino $21,250,000 2.3% $25,000,000 Yes 11/15/2024

 

  (1) The BX Industrial Portfolio Mortgage Loan has two environmental policies, a Pollution Legal Liability Policy from Allied World Assurance Company (U.S.) Inc. with an aggregate limit of $10,000,000 and a pollution Liability Policy from Steadfast Insurance Company with aggregate limits of $25,000,000.
   
(31)

Loan No. 1 – Agellan Portfolio – The aggregate liability of the Guarantor with respect to the matters that constitute full recourse carveouts (each, a “Full Recourse Event”) under the Agellan Portfolio Whole Loan documents may not exceed an amount equal to (x) 20% of the outstanding principal balance of the Agellan Portfolio Whole Loan as of the first occurrence of a Full Recourse Event plus (y) any and all reasonable third–party costs incurred by the lender (including reasonable and out–of–pocket attorney’s fees and costs) in connection with the enforcement of the Full Recourse Event thereunder and the collection of amounts due thereunder.

 

Loan No. 5 – MGM Grand & Mandalay Bay – The Guarantor’s liability for full recourse events is capped at an amount equal to 10% of the aggregate outstanding principal balance of the MGM Grand & Mandalay Bay Whole Loan as of the date of the event. In addition, only the MGM Grand & Mandalay Bay Borrowers are liable for breaches of environmental covenants; provided, however, that if the MGM Grand & Mandalay Bay Borrowers fail to maintain an environmental insurance policy required under the MGM Grand & Mandalay Bay Whole Loan documents, the Guarantor is liable for losses other than (x) for any amounts in excess of the applicable coverage

 

  

 

 

 

amounts under the environmental policy had the same been renewed, replaced or extended as required under the loan agreement and (y) for any amounts recovered under the environmental policy. In addition, recourse for transfers of the MGM Grand & Mandalay Bay Properties or controlling equity interests in the MGM Grand & Mandalay Bay Borrowers is loss recourse, rather than full recourse.

 

Loan No. 10 – 3000 Post Oak – Under the limited liability company agreement (the “LOPO 2 LLC Agreement”) of LOPO 2 LLC, which indirectly owns 100% of the borrower (“LOPO 2”), between Norman Bobrow and FG US Holdings 2, LLC, as consideration for executing and delivering the guaranty for the 3000 Post Oak Whole Loan (the “Guaranty”), Norman Bobrow is required to be paid by LOPO 2, as an operating expense of LOPO 2, a fee of $350,000 per annum, payable in monthly installments equal to $29,166.67, for so long as, among other conditions: (i) Norman Bobrow remains a member of LOPO 2, and/or (ii) unless Norman Bobrow has been removed as a member of LOPO 2 for cause under the LOPO 2 LLC Agreement, the Guaranty remains in effect.

 

Loan Nos. 11, and 12, Chase Center Tower I, and Chase Center Tower II – In each case, the related mortgage loan does not have a separate Principal / Carveout Guarantor, and each of the related borrowers is the only indemnitor under the related environmental indemnity agreement. See “Description of the Mortgage Pool—Non–Recourse Carveout Limitations” for additional information.

 

Loan No. 16 – Bellagio Hotel and Casino – The aggregate liability of the related Carve–out Guarantor with respect to the full recourse carveouts is capped at 10% of the principal balance of the Mortgage Loan outstanding at the time of the occurrence of such event, plus any and all reasonable third–party costs actually incurred by the lender and/or any administrative agent (including reasonable attorneys’ fees and costs reasonably incurred) in connection with the collection of amounts due.

  

Loan No. 17 – Southcenter Mall – The aggregate liability of the related Guarantor with respect to the full recourse carveouts is capped at 20% of the outstanding principal balance of the whole loan.

 

(32)  

 

  Loan No. Mortgage Loan Senior Notes Cut-off Date Balance Subordinate Notes Cut-off Date Balance Total Mortgage Debt Cut-off Date Balance(1) Total Senior Notes U/W NCF DSCR Total Mortgage Debt U/W NCF DSCR(1) Total Senior Notes Cut-off Date LTV Total Mortgage Debt Cut-off Date LTV Ratio(1) Total Senior Notes U/W NOI Debt Yield Total Mortgage Debt U/W NOI Debt Yield(1)
  1 Agellan Portfolio $231,000,000 $172,000,000 $403,000,000 3.04x 1.78x 41.9% 73.1% 15.7% 9.0%
  2 Moffett Towers Building A, B & C $443,000,000 $327,000,000 $770,000,000 3.63x 2.09x 38.7% 67.2% 13.1% 7.5%
  4 BX Industrial Portfolio(2) $380,682,660 $268,744,955 $649,427,615 3.57x 2.09x 39.6% 67.6% 12.8% 7.5%
  5 MGM Grand & Mandalay Bay(2) $1,634,200,000 $1,365,800,000 $3,000,000,000 4.95x 2.70x 35.5% 65.2% 17.9% 9.7%
  6 1633 Broadway $1,001,000,000 $249,000,000 $1,250,000,000 3.84x 3.08x 41.7% 52.1% 11.9% 9.5%
  11 Chase Center Tower I(4) $145,710,000 $178,090,000 $323,800,000 3.87x 1.36x 31.3% 69.5% 13.9% 6.2%
  12 Chase Center Tower II(4) $124,290,000 $151,910,000 $276,200,000 3.87x 1.36x 31.3% 69.5% 13.9% 6.2%
  16 Bellagio Hotel and Casino $1,676,200,000 $1,333,800,000 $3,010,000,000 8.42x 4.06x 39.3% 70.7% 28.3% 15.7%

 

  (1) Includes any related pari passu companion loan(s) and subordinate secured companion loan(s), and excludes any related mezzanine loan(s).
   
  (2) The interest rate on the BX Industrial Portfolio Floating Rate Loan is LIBOR (subject to a floor of 0.0000%) plus a spread of 1.45000%. The information presented in the table above relating to the Senior Notes reflects the BX Industrial Portfolio Senior Fixed Rate Loan and approximately $58.283 million of the Cut–off Date balance of the BX Industrial Portfolio Floating Rate Loan (which is assumed to pay pro rata with the BX Industrial Portfolio Senior Fixed Rate Loan). The information above related to the Total Mortgage Debt includes the entire principal balance of the BX Industrial Portfolio Whole Loan.  For purposes of the debt service coverage ratio calculations above and herein, LIBOR is assumed to be 0.50000%.
   
  (3) LTV is calculated using the appraised value of $4,600,000,000 as of January 10, 2020, set forth above is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties.
   
  (4) In the case of Loan Nos. 11 and 12, the Chase Center Tower I and II Mortgage Loans, the mortgage loans are cross–collateralized and cross–defaulted. As such, all calculations herein are based on the aggregate Current Balance (%), Maturity/ARD Balance ($), UW NOI, UW NCF and Debt Services of the Chase Center Tower Mortgage Loans.

 

  

 

 

(33)  

 

  Loan No. Mortgage Loan Mortgage Loan Cut-off Date Balance % of Initial Outstanding Pool Balance Mezzanine Debt Cut-off Date Balance Annual Interest Rate on Mezzanine Loan Mezzanine Loan Maturity Date or ARD Intercreditor Agreement Total Debt Cut-off Date LTV Ratio Total Debt U/W NCF DSCR(1) Total Debt U/W NOI Debt Yield(1)
  1 Agellan Portfolio $75,000,000 8.0% $31,000,000 9.00% 8/7/2025 Yes 78.8% 1.54x 8.3%
                       
  10 3000 Post Oak $35,000,000 3.7% $20,000,000 10.00% 3/1/2025 Yes 69.5% 1.46x 9.6%
                       
  22 Kings Plaza(2) $14,108,108 1.5% $53,000,000 6.00% 1/1/2030 Yes 60.0% 1.73x 9.6%

 

  (1) Calculated including any related pari passu companion loan(s), related subordinate companion loan(s) and mezzanine debt.
   
  (2) The Kings Plaza Mezzanine Loan is interest only for the first five years of the loan term then fully amortizing based on a five–year schedule. Total Debt DSCR is based on the first 12 month period of the amortization period of the loan. The mezzanine loan is fully amortized by the maturity date of January 1, 2030, pursuant to a fixed amortization scheduled.
   
(34)  

 

  Loan No. Mortgage Loan Mortgage Loan Cut-off Date Balance % of Initial Outstanding Pool Balance Intercreditor Agreement Required Combined Minimum DSCR Combined Maximum LTV Combined Minimum Debt Yield
  5 MGM Grand & Mandalay Bay $65,000,000 7.0% Yes 4.81x 67.0%(1) NAP
  6 1633 Broadway(2) $62,850,000 6.7% Yes 3.08x 52.08% 9.35%
  7 711 Fifth Avenue(3) $45,000,000 4.8% Yes 2.80x 54.5% 8.98%
  16 Bellagio Hotel and Casino $21,250,000 2.3% Yes 4.24x 72.0% N/A
  20 Jasmine Cove $15,000,000 1.6% Yes 1.48x 65.15% N/A

 

  (1) Combined Maximum LTV is based on appraisals ordered by the lender in connection with the closing of the mezzanine loan and calculated based on the outstanding principal balance of the MGM Grand & Mandalay Bay Whole Loan and the initial principal amount of the mezzanine loan
   
  (2) The permitted mezzanine Loan may bear a floating rate of interest (subject to an interest rate cap agreement with a “reasonable strike price”), and may alternately take the form of debt-like preferred equity.
   
  (3) The borrower has the right to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $35,000,000.
   
(35)

No. 14 – Flushing Commons – Flushing Commons Owner, LLC (“IC Lender”), the sole owner of Flushing Commons Laboz, LLC, a borrower under the Flushing Commons Mortgage Loan, provided a $3,975,906.15 loan (the “Intercompany Loan”) to Thor Flushing Commons Investment BR LLC (the “IC Borrower”), the sole owner of Thor Flushing Commons LLC (one of the borrowers under the Flushing Commons Mortgage Loan), another borrower under the Flushing Commons Mortgage Loan. The Intercompany Loan is secured by a pledge of the IC Borrower’s interest in Thor Flushing Commons LLC. With respect to the Intercompany Loan, the rights of the IC Lender are subject and subordinate to the Flushing Commons Mortgage Loan.

 

Loan No. 22 – Kings Plaza – The Kings Plaza Whole Loan documents permit the pledge by The Macerich Company, Macerich Partnership, L.P., and/or their affiliates of their indirect ownership interest in the related borrower to a qualified real estate investor (with total assets in name or under management in excess of $2 billion and, except with respect to pension advisory firm or similar fiduciary, capital/ statutory surplus, shareholder equity or net worth in excess of $1 billion) (a “QREI”) as part of a credit facility upon certain conditions, including (i) no event of default has occurred and is continuing; (ii) the value of the mortgaged property constitutes no more than 15% of the value of all assets securing such credit facility and (iii) neither the granting of the pledge nor exercise of any remedies will result in a change of the manager unless the replacement manager is a qualified manager (generally, any of certain specified national property management firms or a reputable and experienced management organization having at least seven years' experience in managing at least seven regional malls, other than the mortgaged property, of not less than 400,000 square feet (inclusive of anchor space) with at least one anchor store and totaling at least 5,000,000 square feet (including owned or leased anchor stores) of gross leasable area, which is not the subject of a bankruptcy or similar insolvency proceeding.