FWP 1 n2497_x2anxa1.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226082-10
     

 

IMPORTANT NOTICE REGARDING THE CONDITIONS FOR THIS OFFERING OF ASSET-BACKED SECURITIES

The securities offered by these materials are being offered when, as and if issued. In particular, you are advised that the offered securities, and the asset pool backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated) at any time prior to issuance or availability of a final prospectus.

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-226082) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Academy Securities, Inc., Drexel Hamilton, LLC, 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 1-866-471-2526 or if you email a request to prospectus-ny@gs.com.

 

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BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address City County State
                             
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 9.9% 100.0% GSBI, DBRI, JPMCB GSMC, GACC, JPMCB NAP NAP 300, 307, 311, 322, 333 Airport Boulevard Burlingame San Mateo California
                             
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 8.5% 100.0% DBRI GACC NAP NAP 274 Brannan Street San Francisco San Francisco California
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 7.4% 100.0% DBRI GACC NAP NAP 300 Pine Street Seattle King Washington
4 Loan 26 1 4800-4900 Fournace Place 4.7% 100.0% GSBI GSMC NAP NAP 4800-4900 Fournace Place Bellaire Harris Texas
                             
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 4.1% 100.0% CREFI, BANA, BMO CREFI NAP NAP 909 Third Avenue New York New York New York
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 4.0% 100.0% GSBI GSMC NAP NAP 777 South Flagler Drive West Palm Beach Palm Beach Florida
7 Loan 40 1 2600 El Camino Real 3.8% 100.0% GSBI GSMC NAP NAP 2600 El Camino Real Palo Alto Santa Clara California
8 Loan 41 1 175 Progress Place 3.8% 100.0% CREFI CREFI NAP NAP 175 Progress Place Cincinnati Hamilton Ohio
9 Loan 42, 43 1 Boston Scientific 3.3% 100.0% DBRI GACC NAP NAP 780 Brookside Drive Spencer Owen Indiana
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 3.1% 100.0% GSBI GSMC NAP NAP 1985 Marcus Avenue New Hyde Park Nassau New York
11 Loan 47 1 2501 Seaport 2.8% 100.0% CREFI CREFI NAP NAP 2501 Seaport Drive Chester Delaware Pennsylvania
12 Loan 48, 49, 50, 51 1 100 Bradley 2.7% 100.0% DBRI GACC NAP NAP 100 Bradley Hill Parkway Blauvelt Rockland New York
13 Loan 52 1 618 Bushwick 2.5% 100.0% JPMCB JPMCB NAP NAP 616-638 Bushwick Avenue Brooklyn Kings New York
14 Loan   1 Amazon Campbellsville Fulfillment Center 2.4% 100.0% CREFI CREFI NAP NAP 1150 South Columbia Avenue Campbellsville Taylor Kentucky
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 2.1% 100.0% JPMCB JPMCB NAP NAP 500 West 33rd Street New York New York New York
16 Loan   1 Nautica Pointe 2.1% 100.0% GSBI GSMC NAP NAP 9226 White Wing Drive Ypsilanti Washtenaw Michigan
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 2.1%   CREFI, JPMCB CREFI, JPMCB NAP NAP Various Houston Harris Texas
17.01 Property   1 Galleria Tower I 1.0% 46.2%         2700 Post Oak Boulevard Houston Harris Texas
17.02 Property   1 Galleria Tower II 0.6% 30.0%         5051 Westheimer Road Houston Harris Texas
17.03 Property   1 Galleria Financial Center 0.5% 23.7%         5065-5075 Westheimer Road Houston Harris Texas
18 Loan 65 1 GE Aviation New Hampshire 1.9% 100.0% GSBI GSMC NAP NAP 13 Industrial Park Drive Hooksett Merrimack New Hampshire
19 Loan 66, 67, 68 1 2000 Collins Avenue 1.8% 100.0% JPMCB JPMCB NAP NAP 2000 Collins Avenue Miami Beach Miami-Dade Florida
20 Loan 9, 69 10 U.S. Industrial Portfolio VI 1.7%   GSBI GSMC NAP NAP Various Various Various Various
20.01 Property   1 True Value 0.5% 26.7%         308 South Division Street Harvard McHenry Illinois
20.02 Property   1 Belnick 0.4% 21.4%         4350 Ball Ground Highway Canton Cherokee Georgia
20.03 Property   1 Tufco - 3161 South Ridge Road 0.2% 11.0%         3161 South Ridge Road Ashwaubenon Brown Wisconsin
20.04 Property   1 Pro Con - 109 Maplewood Drive 0.2% 9.6%         109 Maplewood Drive Hazle Township Luzerne Pennsylvania
20.05 Property   1 Total Logistics 0.1% 7.9%         2900 Granada Lane North Oakdale Washington Minnesota
20.06 Property   1 Pro Con - 2441 East Glendale Avenue 0.1% 6.9%         2441 East Glendale Avenue Appleton Outagamie Wisconsin
20.07 Property   1 Amaray 0.1% 6.7%         1300 West Park Road Elizabethtown Hardin Kentucky
20.08 Property   1 Pro Con - 2430 East Glendale Avenue 0.1% 4.9%         2430 East Glendale Avenue Appleton Outagamie Wisconsin
20.09 Property 70 1 Tufco - 1205 Burris Road 0.0% 2.6%         1205 Burris Road Newton Catawba North Carolina
20.10 Property   1 Tufco - 1055 Parkview Road 0.0% 2.1%         1055 Parkview Road Ashwaubenon Brown Wisconsin
21 Loan 9, 71, 72 1 JW Marriott Nashville 1.7% 100.0% GSBI GSMC NAP NAP 201 8th Avenue South Nashville Davidson Tennessee
                             
22 Loan 73 1 The Promontory 1.7% 100.0% JPMCB JPMCB NAP NAP 11440 West Bernardo Court San Diego San Diego California
23 Loan   1 18 Spencer Street 1.6% 100.0% CREFI CREFI NAP NAP 18 Spencer Street Brooklyn Kings New York
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 1.6%   CREFI, BANA CREFI NAP NAP Various Boca Raton Palm Beach Florida
24.01 Property 77 1 Boardwalk @ 18th 0.5% 30.3%         6909 Southwest 18th Street Boca Raton Palm Beach Florida
24.02 Property   1 Fountains Center 0.5% 28.8%         7000-7700 West Camino Real Boca Raton Palm Beach Florida
24.03 Property 78 1 City National Park 0.5% 28.8%         7000 Palmetto Park Road and 22125 Powerline Road Boca Raton Palm Beach Florida
24.04 Property 79, 80 1 Grove Centre 0.2% 12.1%         21301 Powerline Road Boca Raton Palm Beach Florida
25 Loan 9, 81 3 Cabinetworks Portfolio 1.4%   GSBI GSMC NAP NAP Various Various Various Ohio
25.01 Property   1 15535 South State Avenue 0.9% 61.3%         15535 South State Avenue Middlefield Geauga Ohio
25.02 Property   1 150 Grand Valley Avenue 0.3% 23.1%         150 Grand Valley Avenue Orwell Ashtabula Ohio
25.03 Property   1 16052 Industrial Parkway 0.2% 15.5%         16052 Industrial Parkway Middlefield Geauga Ohio
26 Loan 82, 83 1 Live Nation Downtown LA 1.3% 100.0% CREFI CREFI NAP NAP 1050 & 1060 South Hill Street Los Angeles Los Angeles California
27 Loan   6 Kokot Portfolio 1.2%   CREFI CREFI NAP NAP Various New York New York New York
27.01 Property   1 638-640 East 14th Street 0.4% 28.9%         638-640 East 14th Street New York New York New York
27.02 Property   1 217 East 22nd Street 0.3% 26.8%         217 East 22nd Street New York New York New York
27.03 Property   1 239 West 15th Street 0.2% 12.8%         239 West 15th Street New York New York New York
27.04 Property   1 106 East 7th Street 0.1% 10.7%         106 East 7th Street New York New York New York
27.05 Property   1 426 East 77th Street 0.1% 10.6%         426 East 77th Street New York New York New York
27.06 Property   1 67 Saint Mark’s Place 0.1% 10.2%         67 Saint Mark’s Place New York New York New York
28 Loan 84 1 16-18 Squadron Boulevard 1.2% 100.0% CREFI CREFI NAP NAP 16-18 Squadron Boulevard New City Rockland New York
29 Loan 85, 86, 87 1 Expressway Marketplace 1.2% 100.0% DBRI GACC NAP NAP 561-605 Rohnert Park Expressway West Rohnert Park Sonoma California
30 Loan 88 1 7828 Georgia Avenue NW 1.1% 100.0% CREFI CREFI NAP NAP 7828 Georgia Avenue Northwest and 7838 Eastern Avenue Northwest Washington District of Columbia District of Columbia
31 Loan 9, 89 1 141 Livingston 1.0% 100.0% CREFI CREFI NAP NAP 141 Livingston Street Brooklyn Kings New York
32 Loan   1 2233 Nostrand Avenue 0.9% 100.0% CREFI CREFI NAP NAP 2233 Nostrand Avenue Brooklyn Kings New York
33 Loan 90 3 Birmingham Mixed Use Portfolio 0.9%   DBRI GACC NAP NAP Various Birmingham Jefferson Alabama
33.01 Property   1 2014 Morris Avenue 0.4% 42.4%         2014 Morris Avenue Birmingham Jefferson Alabama
33.02 Property   1 209 41st Street South 0.3% 31.8%         209 41st Street South Birmingham Jefferson Alabama
33.03 Property   1 1024 20th Street South 0.2% 25.8%         1024 20th Street South Birmingham Jefferson Alabama
34 Loan 91 1 1111 Southern Minerals Road 0.8% 100.0% JPMCB JPMCB NAP NAP 1111 Southern Minerals Road Corpus Christi Nueces Texas
35 Loan 9, 92 1 At Home - Willow Grove 0.8% 100.0% GSBI GSMC NAP NAP 2620 West Moreland Road Willow Grove Montgomery Pennsylvania
36 Loan   4 VanWest MI Portfolio 0.8%   CREFI CREFI NAP NAP Various Various Various Michigan
36.01 Property   1 Shelby 0.4% 46.3%         6625 23 Mile Road Shelby Township Macomb Michigan
36.02 Property   1 Warren 0.2% 21.1%         28000 Mound Road Warren Macomb Michigan
36.03 Property   1 Rockford 0.1% 16.8%         4121 14 Mile Road Northeast Rockford Kent Michigan
36.04 Property   1 Belmont 0.1% 15.8%         5720 Samrick Avenue Northeast Belmont Kent Michigan
37 Loan   2 Teel Plastics Portfolio 0.8%   DBRI GACC NAP NAP Various Baraboo Sauk Wisconsin
37.01 Property   1 1060 Teel Court 0.6% 76.6%         1060 Teel Court Baraboo Sauk Wisconsin
37.02 Property   1 426 Hitchcock Street 0.2% 23.4%         426 Hitchcock Street Baraboo Sauk Wisconsin
38 Loan   1 Signal Hill Gateway 0.7% 100.0% DBRI GACC NAP NAP 3055-3075 California Avenue Signal Hill Los Angeles California
39 Loan 93 1 Rouzan Marketplace 0.7% 100.0% CREFI CREFI NAP NAP 4841 Rouzan Square Avenue and 6220 Corporate Boulevard Baton Rouge East Baton Rouge Louisiana
40 Loan   1 Radiance Technologies 0.7% 100.0% CREFI CREFI NAP NAP 3715 Pentagon Boulevard Beavercreek Greene Ohio
41 Loan   1 475 Grand Street 0.6% 100.0% CREFI CREFI NAP NAP 475 Grand Street Brooklyn Kings New York
42 Loan 94, 95 3 Mile High Multifamily Portfolio 0.5%   JPMCB JPMCB NAP NAP Various Various Various Colorado
42.01 Property   1 Sunrise Apartments 0.2% 41.7%         15571-15573 East 13th Avenue Aurora Arapahoe Colorado
42.02 Property   1 Olive Tree Apartments 0.2% 35.0%         2550-2560 Ogden Street Denver Denver Colorado
42.03 Property   1 Tangiers Apartments 0.1% 23.3%         1877 South Federal Boulevard Denver Denver Colorado
43 Loan 96 1 Mid Cape Flex 0.5% 100.0% CREFI CREFI NAP NAP 71-79 Mid Cape Terrace Cape Coral Lee Florida
44 Loan 97 1 500 W Superior 0.5% 100.0% CREFI CREFI NAP NAP 500 West Superior Street Chicago Cook Illinois
45 Loan   1 PDX Front Ave Industrial 0.4% 100.0% CREFI CREFI NAP NAP 4927 Northwest Front Avenue Portland Multnomah Oregon
46 Loan   1 2517 North Ontario 0.4% 100.0% CREFI CREFI NAP NAP 2517 North Ontario Street Burbank Los Angeles California
47 Loan 98 1 4 Storage - Red Lion 0.2% 100.0% CREFI CREFI NAP NAP 3101 Red Lion Road Philadelphia Philadelphia Pennsylvania

A-1-1

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Zip Code General Property Type Detailed Property Type Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate %
                                  1
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 94010 Office Suburban 2021 NAP 805,118 SF 471.98 120,000,000 120,000,000 120,000,000 3.01680% 0.01207%
                                   
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 94107 Office CBD 1923, 1924 1984, 2011-2013, 2017 110,717 SF 925.78 102,500,000 102,500,000 102,500,000 3.66000% 0.01082%
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 98101 Office CBD 1929 2017-2021 774,412 SF 303.33 90,000,000 90,000,000 90,000,000 3.004833% 0.01082%
4 Loan 26 1 4800-4900 Fournace Place 77401 Office Medical 1965, 1975 2020 564,739 SF 100.05 56,500,000 56,500,000 43,805,985 3.35100% 0.03082%
                                   
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 10022 Office CBD 1968 2011 1,350,756 SF 174.42 50,000,000 50,000,000 50,000,000 3.23000% 0.01207%
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 33401 Office CBD 1985, 1988 2018-2020 448,885 SF 442.25 48,520,000 48,520,000 48,520,000 3.340025% 0.01082%
7 Loan 40 1 2600 El Camino Real 94306 Office Suburban 2020 NAP 66,454 SF 697.47 46,350,000 46,350,000 46,350,000 3.73400% 0.01082%
8 Loan 41 1 175 Progress Place 45246 Industrial Flex 1964, 1972 2013 931,982 SF 49.36 46,000,000 46,000,000 37,449,245 3.82000% 0.01082%
9 Loan 42, 43 1 Boston Scientific 47460 Industrial Flex 1986 2020 258,375 SF 153.75 39,725,850 39,725,850 39,725,850 3.29200% 0.01082%
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 11042 Office Suburban 1983 2019 312,210 SF 177.76 37,000,000 37,000,000 29,236,869 3.85600% 0.01082%
11 Loan 47 1 2501 Seaport 19013 Office Suburban 1919 2018 400,890 SF 84.81 34,000,000 34,000,000 26,820,933 3.81000% 0.02082%
12 Loan 48, 49, 50, 51 1 100 Bradley 10913 Self Storage Art Storage 1983, 2003 2017-2018 133,545 SF 243.36 32,500,000 32,500,000 27,137,002 3.69000% 0.01082%
13 Loan 52 1 618 Bushwick 11206 Multifamily Mid Rise 1968 2017 99 Units 303,030.30 30,000,000 30,000,000 30,000,000 4.00400% 0.01082%
14 Loan   1 Amazon Campbellsville Fulfillment Center 42718 Industrial Warehouse/Distribution 1994 1999, 2015 727,000 SF 40.23 29,250,000 29,250,000 29,250,000 3.78000% 0.02082%
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 10001 Office CBD 2019 NAP 44,954 SF 1,579.39 26,000,000 26,000,000 26,000,000 3.37100% 0.01082%
16 Loan   1 Nautica Pointe 48197 Multifamily Garden 2020 NAP 142 Units 183,098.59 26,000,000 26,000,000 26,000,000 4.07500% 0.01082%
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 77056 Office CBD Various Various 1,067,672 SF 84.19 25,000,000 24,969,936 20,185,175 4.46000% 0.01082%
17.01 Property   1 Galleria Tower I 77056 Office CBD 1974 2002, 2020 493,695 SF   11,560,081 11,546,179 9,333,691    
17.02 Property   1 Galleria Tower II 77056 Office CBD 1970 1992, 2005, 2020 320,687 SF   7,509,024 7,499,994 6,062,839    
17.03 Property   1 Galleria Financial Center 77056 Office CBD 1977 2020 253,290 SF   5,930,894 5,923,762 4,788,646    
18 Loan 65 1 GE Aviation New Hampshire 03106 Industrial Manufacturing 1960, 2016 NAP 157,464 SF 147.97 23,300,000 23,300,000 23,300,000 4.32300% 0.01082%
19 Loan 66, 67, 68 1 2000 Collins Avenue 33139 Retail Unanchored 2010 2020 35,482 SF 622.85 22,100,000 22,100,000 22,100,000 3.94400% 0.01082%
20 Loan 9, 69 10 U.S. Industrial Portfolio VI Various Industrial Various Various Various 2,981,955 SF 27.16 21,000,000 21,000,000 21,000,000 3.71600% 0.01082%
20.01 Property   1 True Value 60033 Industrial Warehouse/Distribution 1942 1982 1,331,727 SF   5,615,556 5,615,556 5,615,556    
20.02 Property   1 Belnick 30114 Industrial Warehouse/Distribution 1999 2011 477,152 SF   4,495,556 4,495,556 4,495,556    
20.03 Property   1 Tufco - 3161 South Ridge Road 54304 Industrial Manufacturing 1978 NAP 226,900 SF   2,317,778 2,317,778 2,317,778    
20.04 Property   1 Pro Con - 109 Maplewood Drive 18202 Industrial Manufacturing 1987, 1997, 2001 NAP 205,320 SF   2,009,778 2,009,778 2,009,778    
20.05 Property   1 Total Logistics 55128 Industrial Warehouse 1994 2008 86,460 SF   1,661,593 1,661,593 1,661,593    
20.06 Property   1 Pro Con - 2441 East Glendale Avenue 54911 Industrial Manufacturing 1978 2002 172,261 SF   1,452,370 1,452,370 1,452,370    
20.07 Property   1 Amaray 42701 Industrial Manufacturing 1975 NAP 194,519 SF   1,415,296 1,415,296 1,415,296    
20.08 Property   1 Pro Con - 2430 East Glendale Avenue 54911 Industrial Manufacturing 1968, 1974, 1995, 1997 NAP 122,500 SF   1,033,926 1,033,926 1,033,926    
20.09 Property 70 1 Tufco - 1205 Burris Road 28658 Industrial Warehouse 1971 NAP 121,096 SF   551,704 551,704 551,704    
20.10 Property   1 Tufco - 1055 Parkview Road 54304 Industrial Manufacturing 1983 NAP 44,020 SF   446,444 446,444 446,444    
21 Loan 9, 71, 72 1 JW Marriott Nashville 37203 Hospitality Full Service 2018 NAP 533 Rooms 347,091.93 20,000,000 20,000,000 20,000,000 3.13900% 0.01082%
                                   
22 Loan 73 1 The Promontory 92127 Office Suburban 1989 NAP 98,249 SF 203.31 19,975,000 19,975,000 19,975,000 3.65200% 0.04082%
23 Loan   1 18 Spencer Street 11205 Office CBD 2020 NAP 52,185 SF 373.67 19,500,000 19,500,000 19,500,000 3.99000% 0.01082%
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 33433 Mixed Use Office/Retail Various Various 514,527 SF 192.41 19,300,000 19,300,000 19,300,000 4.02000% 0.01082%
24.01 Property 77 1 Boardwalk @ 18th 33433 Mixed Use Office/Retail 1986 2017 132,132 SF   5,848,485 5,848,485 5,848,485    
24.02 Property   1 Fountains Center 33433 Mixed Use Office/Retail 1983 NAP 188,666 SF   5,556,061 5,556,061 5,556,061    
24.03 Property 78 1 City National Park 33433 Mixed Use Office/Retail 1986, 1991, 1998 NAP 132,207 SF   5,556,061 5,556,061 5,556,061    
24.04 Property 79, 80 1 Grove Centre 33433 Mixed Use Office/Retail 1983 2017 61,522 SF   2,339,394 2,339,394 2,339,394    
25 Loan 9, 81 3 Cabinetworks Portfolio Various Industrial Manufacturing Various Various 1,528,894 SF 30.96 17,333,000 17,333,000 15,541,937 3.32200% 0.01082%
25.01 Property   1 15535 South State Avenue 44062 Industrial Manufacturing 1989 2004 937,825 SF   10,632,990 10,632,990 9,534,256    
25.02 Property   1 150 Grand Valley Avenue 44076 Industrial Manufacturing 1995 2004 353,588 SF   4,007,505 4,007,505 3,593,399    
25.03 Property   1 16052 Industrial Parkway 44062 Industrial Manufacturing 1984 2005 237,481 SF   2,692,505 2,692,505 2,414,281    
26 Loan 82, 83 1 Live Nation Downtown LA 90015 Retail Single Tenant 1926, 1929 2001-2020 43,162 SF 370.70 16,000,000 16,000,000 16,000,000 3.25000% 0.01082%
27 Loan   6 Kokot Portfolio Various Multifamily Mid Rise Various Various 133 Units 112,781.95 15,000,000 15,000,000 15,000,000 3.07000% 0.01082%
27.01 Property   1 638-640 East 14th Street 10009 Multifamily Mid Rise 1920 2020 40 Units   4,336,272 4,336,272 4,336,272    
27.02 Property   1 217 East 22nd Street 10010 Multifamily Mid Rise 1920 1985 35 Units   4,024,312 4,024,312 4,024,312    
27.03 Property   1 239 West 15th Street 10011 Multifamily Mid Rise 1901 2015 21 Units   1,916,686 1,916,686 1,916,686    
27.04 Property   1 106 East 7th Street 10009 Multifamily Mid Rise 1900 2009 12 Units   1,604,967 1,604,967 1,604,967    
27.05 Property   1 426 East 77th Street 10075 Multifamily Mid Rise 1910 2020 15 Units   1,584,277 1,584,277 1,584,277    
27.06 Property   1 67 Saint Mark’s Place 10003 Multifamily Mid Rise 1900 2009 10 Units   1,533,486 1,533,486 1,533,486    
28 Loan 84 1 16-18 Squadron Boulevard 10956 Office Medical 1973 2005-2006 51,132 SF 275.76 14,100,000 14,100,000 12,499,584 3.99000% 0.01082%
29 Loan 85, 86, 87 1 Expressway Marketplace 94928 Retail Anchored 1991-2002 2014 155,029 SF 90.31 14,000,000 14,000,000 11,942,181 3.44800% 0.01082%
30 Loan 88 1 7828 Georgia Avenue NW 20012 Retail Anchored 1964 2019 48,199 SF 280.50 13,520,000 13,520,000 13,520,000 3.73000% 0.01082%
31 Loan 9, 89 1 141 Livingston 11201 Office CBD 1959 2015 213,745 SF 467.85 12,500,000 12,500,000 12,500,000 3.21000% 0.01082%
32 Loan   1 2233 Nostrand Avenue 11210 Mixed Use Office/Retail 1930 2006 23,369 SF 470.71 11,000,000 11,000,000 11,000,000 4.20000% 0.01082%
33 Loan 90 3 Birmingham Mixed Use Portfolio Various Various Various Various Various 40,645 SF 253.11 10,300,000 10,287,517 8,306,226 4.42500% 0.01082%
33.01 Property   1 2014 Morris Avenue 35203 Office Suburban 1900 2017 20,501 SF   4,365,563 4,360,272 3,520,520    
33.02 Property   1 209 41st Street South 35222 Retail Unanchored 1955 2018 12,415 SF   3,274,172 3,270,204 2,640,390    
33.03 Property   1 1024 20th Street South 35205 Retail Unanchored 1900 2018 7,729 SF   2,660,265 2,657,041 2,145,317    
34 Loan 91 1 1111 Southern Minerals Road 78409 Mixed Use Office/Industrial 2019 NAP 28,100 SF 358.72 10,080,000 10,080,000 10,080,000 3.64500% 0.05082%
35 Loan 9, 92 1 At Home - Willow Grove 19090 Retail Single Tenant 1973 2019 94,554 SF 106.41 10,150,000 10,061,322 7,909,779 3.88000% 0.01082%
36 Loan   4 VanWest MI Portfolio Various Self Storage Self Storage Various Various 175,828 SF 54.03 9,500,000 9,500,000 8,621,744 4.00000% 0.01082%
36.01 Property   1 Shelby 48316 Self Storage Self Storage 1978 2016 52,075 SF   4,400,000 4,400,000 3,993,229    
36.02 Property   1 Warren 48092 Self Storage Self Storage 1996 2017 34,695 SF   2,000,000 2,000,000 1,815,104    
36.03 Property   1 Rockford 49341 Self Storage Self Storage 1987 2001 43,008 SF   1,600,000 1,600,000 1,452,083    
36.04 Property   1 Belmont 49306 Self Storage Self Storage 2007 NAP 46,050 SF   1,500,000 1,500,000 1,361,328    
37 Loan   2 Teel Plastics Portfolio 53913 Industrial Manufacturing Various Various 208,940 SF 44.05 9,203,000 9,203,000 8,314,295 3.74000% 0.01082%
37.01 Property   1 1060 Teel Court 53913 Industrial Manufacturing 2007 2020 139,090 SF   7,045,000 7,045,000 6,364,687    
37.02 Property   1 426 Hitchcock Street 53913 Industrial Manufacturing 1951-1988 2019 69,850 SF   2,158,000 2,158,000 1,949,609    
38 Loan   1 Signal Hill Gateway 90755 Retail Anchored 2004 2010 56,460 SF 156.16 8,817,000 8,817,000 8,053,036 4.38200% 0.01082%
39 Loan 93 1 Rouzan Marketplace 70808, 70809 Retail Anchored 2003, 2004, 2019, 2020 NAP 37,332 SF 229.03 8,550,000 8,550,000 6,837,963 4.19000% 0.05957%
40 Loan   1 Radiance Technologies 45431 Office Suburban 2019 NAP 53,634 SF 149.16 8,000,000 8,000,000 7,260,416 4.00000% 0.01082%
41 Loan   1 475 Grand Street 11211 Multifamily Mid Rise 2020 NAP 8 Units 837,500.00 6,700,000 6,700,000 6,700,000 4.09000% 0.01082%
42 Loan 94, 95 3 Mile High Multifamily Portfolio Various Multifamily Garden Various Various 96 Units 62,500.00 6,000,000 6,000,000 6,000,000 3.41300% 0.01082%
42.01 Property   1 Sunrise Apartments 80011 Multifamily Garden 1972 2020 48 Units   2,500,000 2,500,000 2,500,000    
42.02 Property   1 Olive Tree Apartments 80205 Multifamily Garden 1963 2018 24 Units   2,100,000 2,100,000 2,100,000    
42.03 Property   1 Tangiers Apartments 80219 Multifamily Garden 1962 2021 24 Units   1,400,000 1,400,000 1,400,000    
43 Loan 96 1 Mid Cape Flex 33991 Industrial Flex 2006 NAP 102,679 SF 56.49 5,800,000 5,800,000 4,163,735 3.93000% 0.01082%
44 Loan 97 1 500 W Superior 60654 Retail Single Tenant 1976 2020 19,823 SF 287.54 5,700,000 5,700,000 5,191,383 4.21000% 0.07957%
45 Loan   1 PDX Front Ave Industrial 97210 Industrial Warehouse/Distribution 1974 NAP 71,617 SF 73.38 5,255,000 5,255,000 5,255,000 4.22000% 0.01082%
46 Loan   1 2517 North Ontario 91504 Industrial Warehouse 1976 2017 22,900 SF 196.51 4,500,000 4,500,000 4,500,000 3.91000% 0.01082%
47 Loan 98 1 4 Storage - Red Lion 19114 Self Storage Self Storage 1968 2017 43,843 SF 68.43 3,000,000 3,000,000 3,000,000 4.57000% 0.01082%

A-1-2

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($) Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.)
            2   2                
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 3.00473% NAP 305,870.00 NAP 3,670,440.00 Interest Only - ARD Yes Actual/360 111 111 111 111
                                 
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 3.64918% NAP 316,967.01 NAP 3,803,604.12 Interest Only No Actual/360 120 120 120 120
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 2.99401% NAP 228,492.51 NAP 2,741,910.12 Interest Only - ARD Yes Actual/360 108 108 108 108
4 Loan 26 1 4800-4900 Fournace Place 3.32018% 249,034.37 NAP 2,988,412.44 NAP Amortizing Balloon No Actual/360 0 0 120 120
                                 
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 3.21793% NAP 136,452.55 NAP 1,637,430.60 Interest Only No Actual/360 120 120 120 120
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 3.32921% NAP 136,924.02 NAP 1,643,088.24 Interest Only No Actual/360 120 118 120 118
7 Loan 40 1 2600 El Camino Real 3.72318% NAP 146,228.89 NAP 1,754,746.68 Interest Only No Actual/360 120 120 120 120
8 Loan 41 1 175 Progress Place 3.80918% 214,864.44 148,467.13 2,578,373.28 1,781,605.56 Interest Only, Amortizing Balloon No Actual/360 12 12 120 120
9 Loan 42, 43 1 Boston Scientific 3.28118% NAP 110,494.88 NAP 1,325,938.56 Interest Only No Actual/360 120 120 120 120
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 3.84518% 173,585.85 NAP 2,083,030.20 NAP Amortizing Balloon No Actual/360 0 0 120 120
11 Loan 47 1 2501 Seaport 3.78918% 158,619.11 NAP 1,903,429.32 NAP Amortizing Balloon No Actual/360 0 0 120 120
12 Loan 48, 49, 50, 51 1 100 Bradley 3.67918% 149,408.21 101,325.52 1,792,898.52 1,215,906.24 Interest Only, Amortizing Balloon No Actual/360 24 24 120 120
13 Loan 52 1 618 Bushwick 3.99318% NAP 101,490.28 NAP 1,217,883.36 Interest Only No Actual/360 84 84 84 84
14 Loan   1 Amazon Campbellsville Fulfillment Center 3.75918% NAP 93,417.19 NAP 1,121,006.28 Interest Only No Actual/360 120 120 120 120
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 3.36018% NAP 74,052.75 NAP 888,633.00 Interest Only No Actual/360 120 119 120 119
16 Loan   1 Nautica Pointe 4.06418% NAP 89,517.94 NAP 1,074,215.28 Interest Only No Actual/360 120 119 120 119
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 4.44918% 126,077.84 NAP 1,512,934.08 NAP Amortizing Balloon No Actual/360 0 0 120 119
17.01 Property   1 Galleria Tower I                        
17.02 Property   1 Galleria Tower II                        
17.03 Property   1 Galleria Financial Center                        
18 Loan 65 1 GE Aviation New Hampshire 4.31218% NAP 85,104.06 NAP 1,021,248.72 Interest Only No Actual/360 120 120 120 120
19 Loan 66, 67, 68 1 2000 Collins Avenue 3.93318% NAP 73,644.16 NAP 883,729.92 Interest Only No Actual/360 120 120 120 120
20 Loan 9, 69 10 U.S. Industrial Portfolio VI 3.70518% NAP 65,933.19 NAP 791,198.28 Interest Only No Actual/360 120 119 120 119
20.01 Property   1 True Value                        
20.02 Property   1 Belnick                        
20.03 Property   1 Tufco - 3161 South Ridge Road                        
20.04 Property   1 Pro Con - 109 Maplewood Drive                        
20.05 Property   1 Total Logistics                        
20.06 Property   1 Pro Con - 2441 East Glendale Avenue                        
20.07 Property   1 Amaray                        
20.08 Property   1 Pro Con - 2430 East Glendale Avenue                        
20.09 Property 70 1 Tufco - 1205 Burris Road                        
20.10 Property   1 Tufco - 1055 Parkview Road                        
21 Loan 9, 71, 72 1 JW Marriott Nashville 3.12818% NAP 53,043.29 NAP 636,519.48 Interest Only No Actual/360 120 107 120 107
                                 
22 Loan 73 1 The Promontory 3.61118% NAP 61,634.90 NAP 739,618.80 Interest Only No Actual/360 120 120 120 120
23 Loan   1 18 Spencer Street 3.97918% NAP 65,738.02 NAP 788,856.24 Interest Only No Actual/360 120 120 120 120
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 4.00918% NAP 65,552.99 NAP 786,635.88 Interest Only No Actual/360 60 59 60 59
24.01 Property 77 1 Boardwalk @ 18th                        
24.02 Property   1 Fountains Center                        
24.03 Property 78 1 City National Park                        
24.04 Property 79, 80 1 Grove Centre                        
25 Loan 9, 81 3 Cabinetworks Portfolio 3.31118% 76,120.94 48,649.96 913,451.28 583,799.52 Interest Only, Amortizing Balloon No Actual/360 60 55 120 115
25.01 Property   1 15535 South State Avenue                        
25.02 Property   1 150 Grand Valley Avenue                        
25.03 Property   1 16052 Industrial Parkway                        
26 Loan 82, 83 1 Live Nation Downtown LA 3.23918% NAP 43,935.19 NAP 527,222.28 Interest Only No Actual/360 120 107 120 107
27 Loan   6 Kokot Portfolio 3.05918% NAP 38,907.99 NAP 466,895.88 Interest Only No Actual/360 120 120 120 120
27.01 Property   1 638-640 East 14th Street                        
27.02 Property   1 217 East 22nd Street                        
27.03 Property   1 239 West 15th Street                        
27.04 Property   1 106 East 7th Street                        
27.05 Property   1 426 East 77th Street                        
27.06 Property   1 67 Saint Mark’s Place                        
28 Loan 84 1 16-18 Squadron Boulevard 3.97918% 67,234.29 47,533.65 806,811.48 570,403.80 Interest Only, Amortizing Balloon No Actual/360 48 48 120 120
29 Loan 85, 86, 87 1 Expressway Marketplace 3.43718% 62,460.58 40,785.37 749,526.96 489,424.44 Interest Only, Amortizing Balloon No Actual/360 36 36 120 120
30 Loan 88 1 7828 Georgia Avenue NW 3.71918% NAP 42,608.34 NAP 511,300.08 Interest Only No Actual/360 120 120 120 120
31 Loan 9, 89 1 141 Livingston 3.19918% NAP 33,901.91 NAP 406,822.92 Interest Only No Actual/360 120 119 120 119
32 Loan   1 2233 Nostrand Avenue 4.18918% NAP 39,034.72 NAP 468,416.64 Interest Only No Actual/360 120 120 120 120
33 Loan 90 3 Birmingham Mixed Use Portfolio 4.41418% 51,730.59 NAP 620,767.08 NAP Amortizing Balloon No Actual/360 0 0 120 119
33.01 Property   1 2014 Morris Avenue                        
33.02 Property   1 209 41st Street South                        
33.03 Property   1 1024 20th Street South                        
34 Loan 91 1 1111 Southern Minerals Road 3.59418% NAP 31,043.25 NAP 372,519.00 Interest Only No Actual/360 84 84 84 84
35 Loan 9, 92 1 At Home - Willow Grove 3.86918% 50,612.08 33,274.14 607,344.94 399,289.68 Interest Only, Amortizing Balloon No Actual/360 12 0 120 103
36 Loan   4 VanWest MI Portfolio 3.98918% 45,354.45 32,106.48 544,253.40 385,277.76 Interest Only, Amortizing Balloon No Actual/360 60 60 120 120
36.01 Property   1 Shelby                        
36.02 Property   1 Warren                        
36.03 Property   1 Rockford                        
36.04 Property   1 Belmont                        
37 Loan   2 Teel Plastics Portfolio 3.72918% 42,568.32 29,081.05 510,819.84 348,972.60 Interest Only, Amortizing Balloon No Actual/360 60 57 120 117
37.01 Property   1 1060 Teel Court                        
37.02 Property   1 426 Hitchcock Street                        
38 Loan   1 Signal Hill Gateway 4.37118% 44,058.39 32,643.92 528,700.68 391,727.04 Interest Only, Amortizing Balloon No Actual/360 60 60 120 120
39 Loan 93 1 Rouzan Marketplace 4.13043% 41,761.08 NAP 501,132.96 NAP Amortizing Balloon No Actual/360 0 0 120 120
40 Loan   1 Radiance Technologies 3.98918% 38,193.22 27,037.04 458,318.64 324,444.48 Interest Only, Amortizing Balloon No Actual/360 60 60 120 120
41 Loan   1 475 Grand Street 4.07918% NAP 23,153.00 NAP 277,836.00 Interest Only No Actual/360 120 120 120 120
42 Loan 94, 95 3 Mile High Multifamily Portfolio 3.40218% NAP 17,302.01 NAP 207,624.12 Interest Only No Actual/360 120 120 120 120
42.01 Property   1 Sunrise Apartments                        
42.02 Property   1 Olive Tree Apartments                        
42.03 Property   1 Tangiers Apartments                        
43 Loan 96 1 Mid Cape Flex 3.91918% 30,390.81 NAP 364,689.72 NAP Amortizing Balloon No Actual/360 0 0 120 120
44 Loan 97 1 500 W Superior 4.13043% 27,907.26 20,275.24 334,887.12 243,302.88 Interest Only, Amortizing Balloon No Actual/360 60 60 120 120
45 Loan   1 PDX Front Ave Industrial 4.20918% NAP 18,736.75 NAP 224,841.00 Interest Only No Actual/360 120 120 120 120
46 Loan   1 2517 North Ontario 3.89918% NAP 14,866.15 NAP 178,393.80 Interest Only No Actual/360 120 120 120 120
47 Loan 98 1 4 Storage - Red Lion 4.55918% NAP 11,583.68 NAP 139,004.16 Interest Only No Actual/360 120 119 120 119

A-1-3

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($)
                                3  
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 0 0 4/1/2021 0 6 5/6/2021 NAP 7/6/2030 1/6/2033 5 0 L(24),D(81),O(6) NAV
                                   
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 0 0 3/9/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(11),YM0.75(102),O(7) 8,646,063
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 0 0 4/1/2021 0 6 5/6/2021 NAP 4/6/2030 5/6/2033 0 0 L(24),DorYM1(77),O(7) NAV
4 Loan 26 1 4800-4900 Fournace Place 360 360 3/19/2021 0 6 5/6/2021 5/6/2021 4/6/2031 NAP 0 0 L(24),D(92),O(4) NAV
                                   
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 0 0 3/26/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 3 0 L(24),D(89),O(7) 57,236,811
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 0 0 1/15/2021 2 6 3/6/2021 NAP 2/6/2031 NAP 5 0 L(26),D(89),O(5) 26,444,348
7 Loan 40 1 2600 El Camino Real 0 0 3/19/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(92),O(4) NAV
8 Loan 41 1 175 Progress Place 360 360 3/19/2021 0 6 5/6/2021 5/6/2022 4/6/2031 NAP 0 0 L(24),D(92),O(4) 5,080,880
9 Loan 42, 43 1 Boston Scientific 0 0 3/18/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(23),YM1(1),DorYM1(91),O(5) NAV
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 360 360 3/12/2021 0 6 5/6/2021 5/6/2021 4/6/2031 NAP 0 0 L(24),D(92),O(4) 5,768,054
11 Loan 47 1 2501 Seaport 360 360 3/15/2021 0 6 5/6/2021 5/6/2021 4/6/2031 NAP 0 0 L(24),DorYM1(93),O(3) 6,125,613
12 Loan 48, 49, 50, 51 1 100 Bradley 360 360 3/19/2021 0 6 5/6/2021 5/6/2023 4/6/2031 NAP 0 0 L(24),D(92),O(4) 4,097,029
13 Loan 52 1 618 Bushwick 0 0 3/22/2021 0 1 5/1/2021 NAP 4/1/2028 NAP 0 0 L(24),D(57),O(3) 2,809,094
14 Loan   1 Amazon Campbellsville Fulfillment Center 0 0 3/9/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(92),O(4) 2,867,620
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 0 0 2/19/2021 1 7 4/7/2021 NAP 3/7/2031 NAP 0 0 L(25),D(92),O(3) NAV
16 Loan   1 Nautica Pointe 0 0 3/5/2021 1 6 4/6/2021 NAP 3/6/2031 NAP 0 0 L(25),D(91),O(4) NAV
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 360 359 2/17/2021 1 6 4/6/2021 4/6/2021 3/6/2031 NAP 0 0 L(25),D(90),O(5) 25,710,718
17.01 Property   1 Galleria Tower I                         14,475,006
17.02 Property   1 Galleria Tower II                         7,275,570
17.03 Property   1 Galleria Financial Center                         3,960,142
18 Loan 65 1 GE Aviation New Hampshire 0 0 3/19/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(92),O(4) NAV
19 Loan 66, 67, 68 1 2000 Collins Avenue 0 0 3/30/2021 0 1 5/1/2021 NAP 4/1/2031 NAP 0 5 L(24),D(91),O(5) 2,619,532
20 Loan 9, 69 10 U.S. Industrial Portfolio VI 0 0 2/8/2021 1 6 4/6/2021 NAP 3/6/2031 NAP 0 0 L(25),D(91),O(4) NAV
20.01 Property   1 True Value                         NAV
20.02 Property   1 Belnick                         NAV
20.03 Property   1 Tufco - 3161 South Ridge Road                         NAV
20.04 Property   1 Pro Con - 109 Maplewood Drive                         NAV
20.05 Property   1 Total Logistics                         NAV
20.06 Property   1 Pro Con - 2441 East Glendale Avenue                         NAV
20.07 Property   1 Amaray                         NAV
20.08 Property   1 Pro Con - 2430 East Glendale Avenue                         NAV
20.09 Property 70 1 Tufco - 1205 Burris Road                         NAV
20.10 Property   1 Tufco - 1055 Parkview Road                         NAV
21 Loan 9, 71, 72 1 JW Marriott Nashville 0 0 3/6/2020 13 6 4/6/2020 NAP 3/6/2030 NAP 0 0 L(36),D(77),O(7) 20,034,306
                                   
22 Loan 73 1 The Promontory 0 0 3/31/2021 0 1 5/1/2021 NAP 4/1/2031 NAP 5 5 L(24),D(1),DorYM1(90),YM1(1),O(4) 3,349,414
23 Loan   1 18 Spencer Street 0 0 3/22/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(91),O(5) NAV
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 0 0 2/17/2021 1 6 4/6/2021 NAP 3/6/2026 NAP 0 0 L(25),D(32),O(3) 13,895,191
24.01 Property 77 1 Boardwalk @ 18th                         3,992,387
24.02 Property   1 Fountains Center                         4,444,768
24.03 Property 78 1 City National Park                         3,692,576
24.04 Property 79, 80 1 Grove Centre                         1,765,460
25 Loan 9, 81 3 Cabinetworks Portfolio 360 360 10/26/2020 5 6 12/6/2020 12/6/2025 11/6/2030 NAP 0 0 L(29),DorYM1(84),O(7) NAV
25.01 Property   1 15535 South State Avenue                         NAV
25.02 Property   1 150 Grand Valley Avenue                         NAV
25.03 Property   1 16052 Industrial Parkway                         NAV
26 Loan 82, 83 1 Live Nation Downtown LA 0 0 3/6/2020 13 6 4/6/2020 NAP 3/6/2030 NAP 0 5 L(37),D(79),O(4) 1,051,731
27 Loan   6 Kokot Portfolio 0 0 3/22/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(93),O(3) 3,452,866
27.01 Property   1 638-640 East 14th Street                         961,101
27.02 Property   1 217 East 22nd Street                         930,957
27.03 Property   1 239 West 15th Street                         475,721
27.04 Property   1 106 East 7th Street                         370,280
27.05 Property   1 426 East 77th Street                         359,342
27.06 Property   1 67 Saint Mark’s Place                         355,466
28 Loan 84 1 16-18 Squadron Boulevard 360 360 3/24/2021 0 6 5/6/2021 5/6/2025 4/6/2031 NAP 0 0 L(24),D(93),O(3) 1,594,829
29 Loan 85, 86, 87 1 Expressway Marketplace 360 360 3/10/2021 0 6 5/6/2021 5/6/2024 4/6/2031 NAP 5 0 L(24),D(92),O(4) 2,016,741
30 Loan 88 1 7828 Georgia Avenue NW 0 0 3/19/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(93),O(3) 1,336,898
31 Loan 9, 89 1 141 Livingston 0 0 2/18/2021 1 6 4/6/2021 NAP 3/6/2031 NAP 0 0 L(25),D(91),O(4) 12,497,970
32 Loan   1 2233 Nostrand Avenue 0 0 4/1/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(91),O(5) 997,076
33 Loan 90 3 Birmingham Mixed Use Portfolio 360 359 3/2/2021 1 6 4/6/2021 4/6/2021 3/6/2031 NAP 0 0 L(25),D(91),O(4) NAV
33.01 Property   1 2014 Morris Avenue                         NAV
33.02 Property   1 209 41st Street South                         NAV
33.03 Property   1 1024 20th Street South                         NAV
34 Loan 91 1 1111 Southern Minerals Road 0 0 3/26/2021 0 1 5/1/2021 NAP 4/1/2028 NAP 0 0 L(24),D(57),O(3) 1,086,691
35 Loan 9, 92 1 At Home - Willow Grove 324 319 11/1/2019 17 6 12/6/2019 12/6/2020 11/6/2029 NAP 0 0 L(41),D(75),O(4) NAV
36 Loan   4 VanWest MI Portfolio 360 360 3/16/2021 0 6 5/6/2021 5/6/2026 4/6/2031 NAP 0 0 L(24),D(93),O(3) 1,622,019
36.01 Property   1 Shelby                         639,499
36.02 Property   1 Warren                         351,538
36.03 Property   1 Rockford                         309,938
36.04 Property   1 Belmont                         321,044
37 Loan   2 Teel Plastics Portfolio 360 360 12/18/2020 3 6 2/6/2021 2/6/2026 1/6/2031 NAP 0 0 L(27),D(88),O(5) NAV
37.01 Property   1 1060 Teel Court                         NAV
37.02 Property   1 426 Hitchcock Street                         NAV
38 Loan   1 Signal Hill Gateway 360 360 3/18/2021 0 6 5/6/2021 5/6/2026 4/6/2031 NAP 0 0 L(24),D(91),O(5) 1,112,589
39 Loan 93 1 Rouzan Marketplace 360 360 3/25/2021 0 6 5/6/2021 5/6/2021 4/6/2031 NAP 0 0 L(24),D(92),O(4) 621,141
40 Loan   1 Radiance Technologies 360 360 3/22/2021 0 6 5/6/2021 5/6/2026 4/6/2031 NAP 0 0 L(24),D(93),O(3) 1,338,696
41 Loan   1 475 Grand Street 0 0 3/17/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(93),O(3) NAV
42 Loan 94, 95 3 Mile High Multifamily Portfolio 0 0 4/1/2021 0 1 5/1/2021 NAP 4/1/2031 NAP 0 0 L(24),D(93),O(3) NAV
42.01 Property   1 Sunrise Apartments                         NAV
42.02 Property   1 Olive Tree Apartments                         NAV
42.03 Property   1 Tangiers Apartments                         NAV
43 Loan 96 1 Mid Cape Flex 300 300 3/30/2021 0 6 5/6/2021 5/6/2021 4/6/2031 NAP 0 0 L(24),D(89),O(7) 923,747
44 Loan 97 1 500 W Superior 360 360 3/15/2021 0 6 5/6/2021 5/6/2026 4/6/2031 NAP 0 0 L(24),D(92),O(4) 583,453
45 Loan   1 PDX Front Ave Industrial 0 0 3/23/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(92),O(4) 598,207
46 Loan   1 2517 North Ontario 0 0 3/25/2021 0 6 5/6/2021 NAP 4/6/2031 NAP 0 0 L(24),D(93),O(3) NAV
47 Loan 98 1 4 Storage - Red Lion 0 0 2/26/2021 1 6 4/6/2021 NAP 3/6/2031 NAP 0 0 L(25),D(90),O(5) 497,135

A-1-4

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date
                                   
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
                                   
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 2,720,297 5,925,766 12/31/2020 T-12 8,857,819 2,546,920 6,310,899 12/31/2019 T-12 6,316,794 2,349,226 3,967,568 12/31/2018
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4 Loan 26 1 4800-4900 Fournace Place NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
                                   
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 28,158,099 29,078,712 12/31/2020 T-12 56,511,000 29,465,150 27,045,850 12/31/2019 T-12 55,944,000 28,896,174 27,047,826 12/31/2018
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 9,026,741 17,417,607 11/30/2020 T-12 25,024,486 9,421,017 15,603,469 12/31/2019 T-12 25,191,774 9,017,791 16,173,983 12/31/2018
7 Loan 40 1 2600 El Camino Real NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
8 Loan 41 1 175 Progress Place 1,856,657 3,224,223 1/31/2021 T-12 4,950,253 1,876,378 3,073,875 12/31/2020 T-12 4,565,344 1,946,494 2,618,849 12/31/2019
9 Loan 42, 43 1 Boston Scientific NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 4,818,470 949,584 12/31/2020 T-12 8,392,209 5,207,605 3,184,604 12/31/2019 T-12 9,844,168 5,529,551 4,314,617 12/31/2018
11 Loan 47 1 2501 Seaport 2,838,929 3,286,684 12/31/2020 T-12 6,394,247 3,374,945 3,019,302 12/31/2019 T-12 5,461,342 3,087,542 2,373,800 12/31/2018
12 Loan 48, 49, 50, 51 1 100 Bradley 1,976,370 2,120,660 11/30/2020 T-12 3,095,145 1,981,361 1,113,784 12/31/2019 T-12 2,031,301 1,626,024 405,278 12/31/2018
13 Loan 52 1 618 Bushwick 612,250 2,196,843 2/28/2021 T-12 2,791,037 600,206 2,190,831 12/31/2020 T-12 2,349,761 627,145 1,722,616 12/31/2019
14 Loan   1 Amazon Campbellsville Fulfillment Center 303,303 2,564,317 12/31/2020 T-12 2,814,979 295,054 2,519,925 12/31/2019 T-12 2,742,336 328,341 2,413,995 12/31/2018
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
16 Loan   1 Nautica Pointe NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 13,251,714 12,459,004 12/31/2020 T-12 26,285,767 13,909,984 12,375,783 12/31/2019 T-12 28,701,343 13,539,624 15,161,719 12/31/2018
17.01 Property   1 Galleria Tower I 6,136,741 8,338,265 12/31/2020 T-12 13,355,546 6,322,096 7,033,450 12/31/2019 T-12 13,159,814 6,172,968 6,986,846 12/31/2018
17.02 Property   1 Galleria Tower II 3,976,206 3,299,364 12/31/2020 T-12 7,540,539 4,118,572 3,421,967 12/31/2019 T-12 8,239,631 4,058,660 4,180,971 12/31/2018
17.03 Property   1 Galleria Financial Center 3,138,768 821,374 12/31/2020 T-12 5,389,682 3,469,316 1,920,366 12/31/2019 T-12 7,301,898 3,307,996 3,993,902 12/31/2018
18 Loan 65 1 GE Aviation New Hampshire NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
19 Loan 66, 67, 68 1 2000 Collins Avenue 570,610 2,048,923 12/31/2020 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV
20 Loan 9, 69 10 U.S. Industrial Portfolio VI NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.01 Property   1 True Value NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.02 Property   1 Belnick NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.03 Property   1 Tufco - 3161 South Ridge Road NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.04 Property   1 Pro Con - 109 Maplewood Drive NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.05 Property   1 Total Logistics NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.06 Property   1 Pro Con - 2441 East Glendale Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.07 Property   1 Amaray NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.08 Property   1 Pro Con - 2430 East Glendale Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.09 Property 70 1 Tufco - 1205 Burris Road NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
20.10 Property   1 Tufco - 1055 Parkview Road NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
21 Loan 9, 71, 72 1 JW Marriott Nashville 24,745,775 (4,711,469) 3/31/2021 T-12 93,677,197 65,123,527 28,553,670 12/31/2019 T-12 NAV NAV NAV NAV
                                   
22 Loan 73 1 The Promontory 993,513 2,355,901 12/31/2020 T-12 3,185,049 983,773 2,201,276 12/31/2019 T-12 3,045,328 973,584 2,071,744 12/31/2018
23 Loan   1 18 Spencer Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 5,846,969 8,048,222 12/31/2020 T-12 14,625,310 5,697,675 8,927,635 12/31/2019 T-12 13,568,307 5,056,153 8,512,154 12/31/2018
24.01 Property 77 1 Boardwalk @ 18th 1,521,784 2,470,603 12/31/2020 T-12 4,494,033 1,328,656 3,165,377 12/31/2019 T-12 3,984,565 1,248,816 2,735,749 12/31/2018
24.02 Property   1 Fountains Center 2,140,294 2,304,474 12/31/2020 T-12 4,608,760 2,215,470 2,393,290 12/31/2019 T-12 4,595,137 1,911,729 2,683,408 12/31/2018
24.03 Property 78 1 City National Park 1,598,181 2,094,395 12/31/2020 T-12 3,987,812 1,490,022 2,497,790 12/31/2019 T-12 3,526,454 1,319,363 2,207,091 12/31/2018
24.04 Property 79, 80 1 Grove Centre 586,711 1,178,749 12/31/2020 T-12 1,534,705 663,527 871,178 12/31/2019 T-12 1,462,151 576,246 885,905 12/31/2018
25 Loan 9, 81 3 Cabinetworks Portfolio NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
25.01 Property   1 15535 South State Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
25.02 Property   1 150 Grand Valley Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
25.03 Property   1 16052 Industrial Parkway NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
26 Loan 82, 83 1 Live Nation Downtown LA 139,981 911,750 12/31/2020 T-12 1,532,569 102,943 1,429,626 12/31/2019 T-12 1,477,869 84,671 1,393,199 12/31/2018
27 Loan   6 Kokot Portfolio 1,532,570 1,920,296 12/31/2020 T-12 3,769,926 1,437,330 2,332,596 12/31/2019 T-12 3,419,059 1,388,114 2,030,944 12/31/2018
27.01 Property   1 638-640 East 14th Street 440,078 521,023 12/31/2020 T-12 1,036,561 411,549 625,013 12/31/2019 T-12 954,527 390,194 564,332 12/31/2018
27.02 Property   1 217 East 22nd Street 486,192 444,764 12/31/2020 T-12 1,040,014 433,692 606,322 12/31/2019 T-12 934,023 421,683 512,339 12/31/2018
27.03 Property   1 239 West 15th Street 225,245 250,476 12/31/2020 T-12 483,810 198,511 285,299 12/31/2019 T-12 488,597 205,169 283,428 12/31/2018
27.04 Property   1 106 East 7th Street 174,963 195,317 12/31/2020 T-12 449,607 184,746 264,861 12/31/2019 T-12 360,950 164,363 196,588 12/31/2018
27.05 Property   1 426 East 77th Street 105,774 253,568 12/31/2020 T-12 391,805 117,109 274,696 12/31/2019 T-12 331,554 113,566 217,987 12/31/2018
27.06 Property   1 67 Saint Mark’s Place 100,316 255,150 12/31/2020 T-12 368,128 91,723 276,406 12/31/2019 T-12 349,408 93,138 256,270 12/31/2018
28 Loan 84 1 16-18 Squadron Boulevard 517,578 1,077,252 2/28/2021 T-12 1,590,829 516,168 1,074,661 12/31/2020 T-12 1,980,507 535,213 1,445,294 12/31/2019
29 Loan 85, 86, 87 1 Expressway Marketplace 680,897 1,335,844 12/31/2020 T-12 2,152,034 679,167 1,472,867 12/31/2019 T-12 2,170,324 622,325 1,547,999 12/31/2018
30 Loan 88 1 7828 Georgia Avenue NW 387,901 948,996 12/31/2020 T-12 966,870 281,070 685,801 12/31/2019 T-12 NAV NAV NAV NAV
31 Loan 9, 89 1 141 Livingston 4,283,397 8,214,573 9/30/2020 T-12 11,956,405 3,852,419 8,103,986 12/31/2019 T-12 11,375,314 3,307,738 8,067,576 12/31/2018
32 Loan   1 2233 Nostrand Avenue 109,799 887,277 11/30/2020 T-12 987,778 67,831 919,947 12/31/2019 T-12 992,732 111,032 881,700 12/31/2018
33 Loan 90 3 Birmingham Mixed Use Portfolio NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
33.01 Property   1 2014 Morris Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
33.02 Property   1 209 41st Street South NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
33.03 Property   1 1024 20th Street South NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
34 Loan 91 1 1111 Southern Minerals Road 155,607 931,084 11/30/2020 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV
35 Loan 9, 92 1 At Home - Willow Grove NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
36 Loan   4 VanWest MI Portfolio 651,549 970,470 1/31/2021 T-12 1,610,683 653,667 957,016 12/31/2020 T-12 1,516,595 632,518 884,077 12/31/2019
36.01 Property   1 Shelby 205,568 433,931 1/31/2021 T-12 626,578 205,062 421,516 12/31/2020 T-12 591,678 195,929 395,749 12/31/2019
36.02 Property   1 Warren 149,811 201,727 1/31/2021 T-12 350,099 149,151 200,948 12/31/2020 T-12 301,994 145,765 156,229 12/31/2019
36.03 Property   1 Rockford 144,032 165,906 1/31/2021 T-12 314,198 145,485 168,713 12/31/2020 T-12 325,074 146,471 178,603 12/31/2019
36.04 Property   1 Belmont 152,139 168,906 1/31/2021 T-12 319,808 153,969 165,839 12/31/2020 T-12 297,849 144,353 153,496 12/31/2019
37 Loan   2 Teel Plastics Portfolio NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
37.01 Property   1 1060 Teel Court NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
37.02 Property   1 426 Hitchcock Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
38 Loan   1 Signal Hill Gateway 308,255 804,334 12/31/2020 T-12 1,169,125 323,774 845,351 12/31/2019 T-12 1,177,894 364,940 812,954 12/31/2018
39 Loan 93 1 Rouzan Marketplace 142,416 478,725 12/31/2020 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV
40 Loan   1 Radiance Technologies 277,547 1,061,149 12/31/2020 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV
41 Loan   1 475 Grand Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
42 Loan 94, 95 3 Mile High Multifamily Portfolio NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
42.01 Property   1 Sunrise Apartments NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
42.02 Property   1 Olive Tree Apartments NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
42.03 Property   1 Tangiers Apartments NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
43 Loan 96 1 Mid Cape Flex 266,164 657,583 2/28/2021 T-12 789,777 260,914 528,863 12/31/2020 T-12 786,056 236,154 549,902 12/31/2019
44 Loan 97 1 500 W Superior 169,830 413,623 12/31/2020 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV
45 Loan   1 PDX Front Ave Industrial 152,694 445,513 12/31/2020 T-12 568,047 124,589 443,458 12/31/2019 T-12 522,696 196,542 326,153 12/31/2018
46 Loan   1 2517 North Ontario NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
47 Loan 98 1 4 Storage - Red Lion 280,722 216,413 1/31/2021 T-12 494,437 281,719 212,718 12/31/2020 T-12 337,207 247,784 89,423 12/31/2019

A-1-5

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%) Underwritten NCF Debt Yield (%)
                          4 4    
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAV 97.6% 66,137,945 10,736,605 55,401,340 161,024 373,279 54,867,037 4.77 4.72 14.6% 14.4%
                                 
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office T-12 94.8% 12,348,078 3,695,229 8,652,849 27,679 0 8,625,170 2.27 2.27 8.4% 8.4%
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle NAV 92.9% 36,483,599 5,700,582 30,783,017 154,882 77,346 30,550,788 4.30 4.27 13.1% 13.0%
4 Loan 26 1 4800-4900 Fournace Place NAV 93.7% 12,671,574 5,445,823 7,225,751 112,948 404,403 6,708,401 2.42 2.24 12.8% 11.9%
                                 
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue T-12 97.1% 64,143,441 30,952,023 33,191,419 270,151 1,688,445 31,232,823 4.30 4.05 14.1% 13.3%
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point T-12 92.5% 28,497,504 9,339,815 19,157,689 107,732 384,053 18,665,904 2.85 2.78 9.7% 9.4%
7 Loan 40 1 2600 El Camino Real NAV 91.6% 7,452,819 2,760,551 4,692,269 16,198 91,317 4,584,754 2.67 2.61 10.1% 9.9%
8 Loan 41 1 175 Progress Place T-12 80.5% 6,616,325 1,925,080 4,691,245 130,477 234,799 4,325,969 1.82 1.68 10.2% 9.4%
9 Loan 42, 43 1 Boston Scientific NAV 97.0% 3,927,968 117,839 3,810,129 33,589 0 3,776,540 2.87 2.85 9.6% 9.5%
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus T-12 95.5% 10,056,678 4,756,558 5,300,121 74,930 0 5,225,190 1.70 1.67 9.5% 9.4%
11 Loan 47 1 2501 Seaport T-12 81.5% 7,210,840 3,427,854 3,782,986 157,612 578,215 3,047,159 1.99 1.60 11.1% 9.0%
12 Loan 48, 49, 50, 51 1 100 Bradley T-12 60.8% 4,355,636 1,251,342 3,104,295 14,965 0 3,089,330 1.73 1.72 9.6% 9.5%
13 Loan 52 1 618 Bushwick T-12 93.6% 2,844,830 608,803 2,236,027 24,750 0 2,211,277 1.84 1.82 7.5% 7.4%
14 Loan   1 Amazon Campbellsville Fulfillment Center T-12 97.8% 3,161,168 658,226 2,502,942 72,700 48,524 2,381,718 2.23 2.12 8.6% 8.1%
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAV 95.0% 6,405,945 1,700,425 4,705,520 8,991 44,954 4,651,575 1.94 1.92 6.6% 6.6%
16 Loan   1 Nautica Pointe NAV 95.0% 3,170,266 1,148,813 2,021,453 33,086 0 1,988,367 1.88 1.85 7.8% 7.6%
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers T-12 68.7% 25,273,331 13,960,632 11,312,699 263,875 1,715,535 9,333,289 2.08 1.71 12.6% 10.4%
17.01 Property   1 Galleria Tower I T-12 78.4% 14,068,746 6,512,290 7,556,456 60,362 939,763 6,556,331        
17.02 Property   1 Galleria Tower II T-12 65.3% 6,843,731 4,135,679 2,708,052 172,428 536,389 1,999,236        
17.03 Property   1 Galleria Financial Center T-12 51.9% 4,360,855 3,312,664 1,048,191 31,085 239,383 777,722        
18 Loan 65 1 GE Aviation New Hampshire NAV 96.9% 1,853,685 55,611 1,798,074 23,620 66,738 1,707,717 1.76 1.67 7.7% 7.3%
19 Loan 66, 67, 68 1 2000 Collins Avenue NAV 88.7% 2,885,340 563,507 2,321,833 5,322 82,821 2,233,690 2.63 2.53 10.5% 10.1%
20 Loan 9, 69 10 U.S. Industrial Portfolio VI NAV 91.9% 8,943,989 268,320 8,675,669 317,127 540,768 7,817,775 2.84 2.56 10.7% 9.7%
20.01 Property   1 True Value NAV 92.9% 2,406,946 72,208 2,334,737 149,084 247,435 1,938,218        
20.02 Property   1 Belnick NAV 95.6% 1,779,184 53,376 1,725,809 50,196 91,231 1,584,381        
20.03 Property   1 Tufco - 3161 South Ridge Road NAV 95.0% 1,130,867 33,926 1,096,941 33,581 43,111 1,020,249        
20.04 Property   1 Pro Con - 109 Maplewood Drive NAV 97.0% 824,584 24,738 799,847 20,986 39,832 739,029        
20.05 Property   1 Total Logistics NAV 96.3% 754,061 22,622 731,439 8,802 16,652 705,985        
20.06 Property   1 Pro Con - 2441 East Glendale Avenue NAV 97.0% 691,816 20,754 671,062 17,654 33,419 619,990        
20.07 Property   1 Amaray NAV 95.0% 645,164 19,355 625,809 19,561 36,959 569,289        
20.08 Property   1 Pro Con - 2430 East Glendale Avenue NAV 97.0% 491,972 14,759 477,212 12,861 23,765 440,586        
20.09 Property 70 1 Tufco - 1205 Burris Road NAV 0.0% 0 0 0 0 0 0        
20.10 Property   1 Tufco - 1055 Parkview Road NAV 95.0% 219,395 6,582 212,813 4,402 8,364 200,047        
21 Loan 9, 71, 72 1 JW Marriott Nashville NAV 85.8% 94,449,843 66,104,698 28,345,145 3,777,994 0 24,567,151 4.81 4.17 15.3% 13.3%
                                 
22 Loan 73 1 The Promontory T-12 95.0% 3,434,470 1,153,081 2,281,390 19,650 98,249 2,258,491 3.08 3.05 11.4% 11.3%
23 Loan   1 18 Spencer Street NAV 93.6% 1,834,437 215,672 1,618,765 10,437 69,203 1,539,125 2.05 1.95 8.3% 7.9%
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio T-12 92.6% 16,623,446 6,161,981 10,461,465 127,369 411,477 9,922,619 2.59 2.46 10.6% 10.0%
24.01 Property 77 1 Boardwalk @ 18th T-12 95.0% 4,793,055 1,573,741 3,219,314 47,800 117,867 3,053,647        
24.02 Property   1 Fountains Center T-12 86.9% 5,288,444 2,332,314 2,956,130 44,897 122,807 2,788,425        
24.03 Property 78 1 City National Park T-12 97.6% 4,752,927 1,662,836 3,090,091 30,536 118,947 2,940,608        
24.04 Property 79, 80 1 Grove Centre T-12 91.6% 1,789,020 593,091 1,195,930 4,136 51,856 1,139,938        
25 Loan 9, 81 3 Cabinetworks Portfolio NAV 95.0% 5,732,615 171,978 5,560,637 229,334 145,245 5,186,058 2.23 2.08 11.7% 11.0%
25.01 Property   1 15535 South State Avenue NAV 95.0% 3,516,392 105,492 3,410,900 140,674 89,093 3,181,133        
25.02 Property   1 150 Grand Valley Avenue NAV 95.0% 1,325,784 39,774 1,286,011 53,038 33,591 1,199,382        
25.03 Property   1 16052 Industrial Parkway NAV 95.0% 890,439 26,713 863,726 35,622 22,561 805,543        
26 Loan 82, 83 1 Live Nation Downtown LA T-12 95.0% 1,702,849 148,263 1,554,586 6,474 44,169 1,503,942 2.95 2.85 9.7% 9.4%
27 Loan   6 Kokot Portfolio T-12 95.0% 3,158,882 1,629,211 1,529,671 33,480 683 1,495,508 3.28 3.20 10.2% 10.0%
27.01 Property   1 638-640 East 14th Street T-12 92.8% 867,250 475,914 391,336 10,000 0 381,336        
27.02 Property   1 217 East 22nd Street T-12 96.3% 865,534 486,947 378,587 8,750 0 369,837        
27.03 Property   1 239 West 15th Street T-12 93.7% 413,027 228,936 184,091 5,310 683 178,098        
27.04 Property   1 106 East 7th Street T-12 96.3% 344,281 186,319 157,962 3,000 0 154,962        
27.05 Property   1 426 East 77th Street T-12 96.3% 339,843 140,053 199,789 3,750 0 196,039        
27.06 Property   1 67 Saint Mark’s Place T-12 96.3% 328,947 111,041 217,907 2,670 0 215,237        
28 Loan 84 1 16-18 Squadron Boulevard T-12 95.0% 1,887,506 533,548 1,353,957 10,226 87,258 1,256,473 1.68 1.56 9.6% 8.9%
29 Loan 85, 86, 87 1 Expressway Marketplace T-12 93.3% 2,295,109 718,676 1,576,433 41,858 77,515 1,457,060 2.10 1.94 11.3% 10.4%
30 Loan 88 1 7828 Georgia Avenue NW NAV 95.0% 1,612,025 400,642 1,211,383 8,676 53,360 1,149,346 2.37 2.25 9.0% 8.5%
31 Loan 9, 89 1 141 Livingston T-12 95.0% 14,702,075 5,797,645 8,904,430 42,749 658,802 8,202,879 2.74 2.52 8.9% 8.2%
32 Loan   1 2233 Nostrand Avenue T-12 95.2% 1,084,060 217,867 866,193 4,233 46,965 814,995 1.85 1.74 7.9% 7.4%
33 Loan 90 3 Birmingham Mixed Use Portfolio NAV 95.0% 1,246,055 214,579 1,031,477 8,836 30,645 991,996 1.66 1.60 10.0% 9.6%
33.01 Property   1 2014 Morris Avenue NAV NAV NAV NAV NAV NAV NAV NAV        
33.02 Property   1 209 41st Street South NAV NAV NAV NAV NAV NAV NAV NAV        
33.03 Property   1 1024 20th Street South NAV NAV NAV NAV NAV NAV NAV NAV        
34 Loan 91 1 1111 Southern Minerals Road NAV 100.0% 1,093,356 158,591 934,766 4,215 0 930,551 2.51 2.50 9.3% 9.2%
35 Loan 9, 92 1 At Home - Willow Grove NAV 95.0% 1,348,121 40,444 1,307,678 14,183 44,914 1,248,581 2.15 2.06 13.0% 12.4%
36 Loan   4 VanWest MI Portfolio T-12 65.6% 1,622,019 720,587 901,432 28,174 0 873,258 1.66 1.60 9.5% 9.2%
36.01 Property   1 Shelby T-12 61.7% 639,499 229,769 409,730 7,291 0 402,439        
36.02 Property   1 Warren T-12 71.4% 351,538 162,622 188,916 4,163 0 184,752        
36.03 Property   1 Rockford T-12 65.5% 309,938 152,800 157,138 9,462 0 147,676        
36.04 Property   1 Belmont T-12 68.1% 321,044 175,396 145,649 7,258 0 138,390        
37 Loan   2 Teel Plastics Portfolio NAV 95.0% 1,058,974 31,769 1,027,204 31,341 73,129 922,734 2.01 1.81 11.2% 10.0%
37.01 Property   1 1060 Teel Court NAV NAV NAV NAV NAV NAV NAV NAV        
37.02 Property   1 426 Hitchcock Street NAV NAV NAV NAV NAV NAV NAV NAV        
38 Loan   1 Signal Hill Gateway T-12 95.0% 1,305,854 434,139 871,715 14,264 56,460 800,992 1.65 1.52 9.9% 9.1%
39 Loan 93 1 Rouzan Marketplace NAV 95.0% 942,318 174,821 767,497 5,600 35,952 725,945 1.53 1.45 9.0% 8.5%
40 Loan   1 Radiance Technologies NAV 95.0% 1,453,856 537,121 916,736 10,727 53,634 852,375 2.00 1.86 11.5% 10.7%
41 Loan   1 475 Grand Street NAV 93.0% 594,996 105,943 489,053 1,600 0 487,453 1.76 1.75 7.3% 7.3%
42 Loan 94, 95 3 Mile High Multifamily Portfolio NAV 90.6% 1,249,423 516,226 733,197 28,800 0 704,397 3.53 3.39 12.2% 11.7%
42.01 Property   1 Sunrise Apartments NAV 90.0% 607,539 281,843 325,697 14,400 0 311,297        
42.02 Property   1 Olive Tree Apartments NAV 88.3% 360,538 122,409 238,129 7,200 0 230,929        
42.03 Property   1 Tangiers Apartments NAV 95.0% 281,345 111,974 169,372 7,200 0 162,172        
43 Loan 96 1 Mid Cape Flex T-12 94.7% 1,140,969 295,372 845,597 16,429 102,526 726,642 2.32 1.99 14.6% 12.5%
44 Loan 97 1 500 W Superior NAV 95.0% 767,641 190,404 577,237 2,973 9,416 564,847 1.72 1.69 10.1% 9.9%
45 Loan   1 PDX Front Ave Industrial T-12 95.0% 649,056 162,511 486,546 8,621 23,557 454,368 2.16 2.02 9.3% 8.6%
46 Loan   1 2517 North Ontario NAV 95.0% 516,023 126,663 389,360 8,015 17,063 364,282 2.18 2.04 8.7% 8.1%
47 Loan 98 1 4 Storage - Red Lion T-12 73.0% 516,970 253,670 263,300 4,384 0 258,915 1.89 1.86 8.8% 8.6%

A-1-6

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Appraised Value ($) Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N)
                    5    
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 1,000,000,000 Hypothetical As If Stabilized 1/14/2021 38.0% 38.0% 100.0% 4/1/2021 Yes
                         
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 155,000,000 As Is Excluding Impact of VZ Purchase Option 1/21/2021 66.1% 66.1% 93.6% 3/1/2021 No
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 670,000,000 Hypothetical As Is 3/4/2021 35.1% 35.1% 92.2% 3/31/2021 No
4 Loan 26 1 4800-4900 Fournace Place 104,000,000 As Is 2/22/2021 54.3% 42.1% 87.4% 1/1/2021 No
                         
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 675,000,000 As Is 3/1/2021 34.9% 34.9% 97.9% 2/1/2021 No
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 289,000,000 Hypothetical As Is 12/15/2020 68.7% 68.7% 90.5% 12/1/2020 No
7 Loan 40 1 2600 El Camino Real 82,900,000 As Is 1/28/2021 55.9% 55.9% 87.5% 3/17/2021 No
8 Loan 41 1 175 Progress Place 75,000,000 As Is 3/1/2021 61.3% 49.9% 84.5% 3/1/2021 No
9 Loan 42, 43 1 Boston Scientific 63,700,000 As Is 3/5/2021 62.4% 62.4% 100.0% 4/6/2021 Yes
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 75,000,000 As Is 2/12/2021 74.0% 58.5% 92.4% 3/9/2021 No
11 Loan 47 1 2501 Seaport 61,800,000 As Is 11/4/2020 55.0% 43.4% 79.6% 2/2/2021 No
12 Loan 48, 49, 50, 51 1 100 Bradley 51,000,000 As Is 3/2/2021 63.7% 53.2% 83.7% 1/19/2021 NAP
13 Loan 52 1 618 Bushwick 51,400,000 As Is 12/9/2020 58.4% 58.4% 93.9% 3/9/2021 NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center 48,700,000 As Is 2/9/2021 60.1% 60.1% 100.0% 4/6/2021 Yes
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 110,000,000 Hypothetical Value: “Escrow Tenant Improvements” 2/1/2021 64.5% 64.5% 100.0% 4/7/2021 Yes
16 Loan   1 Nautica Pointe 37,440,000 As Is 2/12/2021 69.4% 69.4% 99.3% 3/1/2021 NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 185,000,000 As Is 1/6/2021 48.6% 39.3% 68.1%    
17.01 Property   1 Galleria Tower I 85,544,600 As Is 1/6/2021     78.1% 1/20/2021 No
17.02 Property   1 Galleria Tower II 55,566,781 As Is 1/6/2021     68.1% 1/20/2021 No
17.03 Property   1 Galleria Financial Center 43,888,619 As Is 1/6/2021     48.7% 1/20/2021 No
18 Loan 65 1 GE Aviation New Hampshire 35,500,000 As Is 2/15/2021 65.6% 65.6% 100.0% 4/1/2021 Yes
19 Loan 66, 67, 68 1 2000 Collins Avenue 34,500,000 As Is 3/3/2021 64.1% 64.1% 77.7% 3/16/2021 No
20 Loan 9, 69 10 U.S. Industrial Portfolio VI 136,500,000 As Is Various 59.3% 59.3% 95.9%    
20.01 Property   1 True Value 36,100,000 As Is 1/6/2021     100.0% 4/1/2021 Yes
20.02 Property   1 Belnick 28,900,000 As Is 1/5/2021     100.0% 4/1/2021 Yes
20.03 Property   1 Tufco - 3161 South Ridge Road 14,900,000 As Is 12/28/2020     100.0% 4/1/2021 Yes
20.04 Property   1 Pro Con - 109 Maplewood Drive 12,920,000 As Is 12/29/2020     100.0% 4/1/2021 Yes
20.05 Property   1 Total Logistics 10,800,000 As Is 12/21/2020     100.0% 4/1/2021 Yes
20.06 Property   1 Pro Con - 2441 East Glendale Avenue 9,440,000 As Is 12/28/2020     100.0% 4/1/2021 Yes
20.07 Property   1 Amaray 9,200,000 As Is 12/30/2020     100.0% 4/1/2021 Yes
20.08 Property   1 Pro Con - 2430 East Glendale Avenue 6,720,000 As Is 12/28/2020     100.0% 4/1/2021 Yes
20.09 Property 70 1 Tufco - 1205 Burris Road 4,650,000 As Is 12/23/2020     0.0% 4/1/2021 Yes
20.10 Property   1 Tufco - 1055 Parkview Road 2,870,000 As Is 12/28/2020     100.0% 4/1/2021 Yes
21 Loan 9, 71, 72 1 JW Marriott Nashville 301,000,000 As Is 11/10/2020 61.5% 61.5% 18.4% 3/31/2021 NAP
                         
22 Loan 73 1 The Promontory 33,300,000 As Is 2/16/2021 60.0% 60.0% 96.7% 1/27/2021 No
23 Loan   1 18 Spencer Street 33,800,000 As Is 1/1/2021 57.7% 57.7% 97.5% 3/1/2021 No
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 155,900,000 As Portfolio 11/13/2020 63.5% 63.5% 90.4%    
24.01 Property 77 1 Boardwalk @ 18th 49,500,000 As Is 10/22/2020     91.8% 1/23/2021 No
24.02 Property   1 Fountains Center 44,500,000 As Is 11/13/2020     84.5% 1/23/2021 No
24.03 Property 78 1 City National Park 39,200,000 As Is 11/13/2020     97.4% 1/23/2021 No
24.04 Property 79, 80 1 Grove Centre 17,500,000 As Is 10/22/2020     90.8% 1/23/2021 No
25 Loan 9, 81 3 Cabinetworks Portfolio 73,450,000 As Is 10/1/2020 64.4% 57.8% 100.0%    
25.01 Property   1 15535 South State Avenue 45,400,000 As Is 10/1/2020     100.0% 4/1/2021 Yes
25.02 Property   1 150 Grand Valley Avenue 16,550,000 As Is 10/1/2020     100.0% 4/1/2021 Yes
25.03 Property   1 16052 Industrial Parkway 11,500,000 As Is 10/1/2020     100.0% 4/1/2021 Yes
26 Loan 82, 83 1 Live Nation Downtown LA 30,000,000 As Is 2/13/2020 53.3% 53.3% 100.0% 4/6/2021 Yes
27 Loan   6 Kokot Portfolio 33,400,000 As Is Various 44.9% 44.9% 96.2%    
27.01 Property   1 638-640 East 14th Street 8,400,000 As Is 2/23/2021     92.5% 2/19/2021 NAP
27.02 Property   1 217 East 22nd Street 8,500,000 As Is 2/16/2021     97.1% 2/19/2021 NAP
27.03 Property   1 239 West 15th Street 4,300,000 As Is 2/16/2021     95.2% 2/19/2021 NAP
27.04 Property   1 106 East 7th Street 3,300,000 As Is 2/23/2021     100.0% 2/19/2021 NAP
27.05 Property   1 426 East 77th Street 4,600,000 As Is 2/16/2021     100.0% 2/19/2021 NAP
27.06 Property   1 67 Saint Mark’s Place 4,300,000 As Is 2/23/2021     100.0% 2/19/2021 NAP
28 Loan 84 1 16-18 Squadron Boulevard 21,800,000 As Is 12/8/2020 64.7% 57.3% 99.3% 3/24/2021 No
29 Loan 85, 86, 87 1 Expressway Marketplace 22,800,000 As Is 2/9/2021 61.4% 52.4% 95.3% 12/31/2020 No
30 Loan 88 1 7828 Georgia Avenue NW 19,800,000 As Is 2/10/2021 68.3% 68.3% 95.4% 2/8/2021 No
31 Loan 9, 89 1 141 Livingston 182,300,000 As Is 2/1/2021 54.9% 54.9% 100.0% 2/1/2021 No
32 Loan   1 2233 Nostrand Avenue 17,500,000 As Is 11/19/2020 62.9% 62.9% 100.0% 3/1/2020 No
33 Loan 90 3 Birmingham Mixed Use Portfolio 15,160,000 As Is 2/3/2021 67.9% 54.8% 93.8%    
33.01 Property   1 2014 Morris Avenue 6,460,000 As Is 2/3/2021     87.8% 3/1/2021 No
33.02 Property   1 209 41st Street South 4,800,000 As Is 2/3/2021     100.0% 3/1/2021 No
33.03 Property   1 1024 20th Street South 3,900,000 As Is 2/3/2021     100.0% 3/1/2021 No
34 Loan 91 1 1111 Southern Minerals Road 16,000,000 As Is 2/2/2021 63.0% 63.0% 100.0% 4/1/2021 Yes
35 Loan 9, 92 1 At Home - Willow Grove 20,100,000 As Is 3/5/2021 50.1% 39.4% 100.0% 4/1/2021 Yes
36 Loan   4 VanWest MI Portfolio 17,350,000 As Is 1/14/2021 54.8% 49.7% 80.6%    
36.01 Property   1 Shelby 7,825,000 As Is 1/14/2021     82.9% 2/23/2021 NAP
36.02 Property   1 Warren 3,450,000 As Is 1/14/2021     84.1% 2/23/2021 NAP
36.03 Property   1 Rockford 2,850,000 As Is 1/14/2021     71.9% 2/23/2021 NAP
36.04 Property   1 Belmont 3,225,000 As Is 1/14/2021     83.7% 2/23/2021 NAP
37 Loan   2 Teel Plastics Portfolio 14,460,000 As Is 12/11/2020 63.6% 57.5% 100.0%    
37.01 Property   1 1060 Teel Court 11,070,000 As Is 12/11/2020     100.0% 4/6/2021 Yes
37.02 Property   1 426 Hitchcock Street 3,390,000 As Is 12/11/2020     100.0% 4/6/2021 Yes
38 Loan   1 Signal Hill Gateway 16,000,000 As Is 11/16/2020 55.1% 50.3% 100.0% 3/10/2021 No
39 Loan 93 1 Rouzan Marketplace 12,730,000 As Is 2/6/2021 67.2% 53.7% 100.0% 1/31/2021 No
40 Loan   1 Radiance Technologies 13,100,000 As Is 3/3/2021 61.1% 55.4% 100.0% 4/6/2021 Yes
41 Loan   1 475 Grand Street 10,700,000 As Is 1/27/2020 62.6% 62.6% 100.0% 2/1/2021 NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio 13,790,000 As Is 1/7/2021 43.5% 43.5% 85.4%    
42.01 Property   1 Sunrise Apartments 5,790,000 As Is 1/7/2021     79.2% 2/8/2021 NAP
42.02 Property   1 Olive Tree Apartments 4,800,000 As Is 1/7/2021     87.5% 2/8/2021 NAP
42.03 Property   1 Tangiers Apartments 3,200,000 As Is 1/7/2021     95.8% 2/8/2021 NAP
43 Loan 96 1 Mid Cape Flex 9,600,000 As Is 3/11/2021 60.4% 43.4% 94.8% 1/14/2021 No
44 Loan 97 1 500 W Superior 9,700,000 As Is 2/3/2021 58.8% 53.5% 100.0% 4/6/2021 Yes
45 Loan   1 PDX Front Ave Industrial 9,500,000 As Is 2/8/2021 55.3% 55.3% 100.0% 3/1/2021 No
46 Loan   1 2517 North Ontario 8,500,000 As Is 2/14/2021 52.9% 52.9% 100.0% 4/6/2021 Yes
47 Loan 98 1 4 Storage - Red Lion 5,900,000 As Is 2/4/2021 50.8% 50.8% 79.1% 1/19/2021 NAP

A-1-7

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Largest Tenant Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date
                6       6
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point Facebook 805,118 100.0% 1/31/2033 NAP NAP NAP NAP
                         
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office Verizon 51,214 46.3% 3/31/2040 Adyen 42,152 38.1% 1/31/2026
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle Amazon.com Services LLC 680,215 87.8% 5/31/2033 Knot Springs 31,209 4.0% 4/30/2037
4 Loan 26 1 4800-4900 Fournace Place Harris Health 328,779 58.2% 12/31/2030 Houston Methodist 100,812 17.9% 6/30/2027
                         
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue USPS 492,375 36.5% 10/10/2038 IPG DXTRA, Inc. 231,164 17.1% 2/29/2028
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point Gunster, Yoakley, Valdes-Fauli 50,800 11.3% 8/31/2024 Akerman, Senterfitt & Eidson 48,678 10.8% 9/30/2028
7 Loan 40 1 2600 El Camino Real WilmerHale 46,910 70.6% 1/4/2031 Sand Hill Property Co. 11,229 16.9% 4/6/2034
8 Loan 41 1 175 Progress Place Procter & Gamble 284,209 30.5% 6/30/2027 Product Fulfillment Solutions 167,103 17.9% 10/31/2024
9 Loan 42, 43 1 Boston Scientific Boston Scientific 258,375 100.0% 11/30/2035 NAP NAP NAP NAP
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus JPMorgan Chase 76,126 24.4% 10/31/2030 Integra MLTC, Inc. 38,474 12.3% 8/31/2031
11 Loan 47 1 2501 Seaport Power Home Remodeling Group LLC 180,720 45.1% 12/31/2030 Keystone Sports & Entertainment LLC 36,418 9.1% 8/31/2033
12 Loan 48, 49, 50, 51 1 100 Bradley NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 52 1 618 Bushwick NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center Amazon.com Services LLC 727,000 100.0% 1/31/2032 NAP NAP NAP NAP
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 Related Companies L.P. 44,954 100.0% 2/28/2039 NAP NAP NAP NAP
16 Loan   1 Nautica Pointe NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers                
17.01 Property   1 Galleria Tower I WeWork Companies, Inc. 100,141 20.3% 11/30/2033 Citigroup Technology 49,740 10.1% 12/31/2028
17.02 Property   1 Galleria Tower II Quanta Services 56,345 17.6% 3/31/2022 Hoover, Slovacek 49,076 15.3% 3/31/2032
17.03 Property   1 Galleria Financial Center Situs Holdings, LLC 18,240 7.2% 7/31/2022 Southwest Risk, LP 12,169 4.8% 5/31/2026
18 Loan 65 1 GE Aviation New Hampshire General Electric Company 157,464 100.0% 1/12/2031 NAP NAP NAP NAP
19 Loan 66, 67, 68 1 2000 Collins Avenue Holiday CVS, LLC 9,869 27.8% 1/31/2036 Raspoutine Miami, LLC (Bagatelle) 4,656 13.1% 9/30/2031
20 Loan 9, 69 10 U.S. Industrial Portfolio VI                
20.01 Property   1 True Value True Value 1,331,727 100.0% 2/28/2029 NAP NAP NAP NAP
20.02 Property   1 Belnick Belnick 477,152 100.0% 6/1/2029 NAP NAP NAP NAP
20.03 Property   1 Tufco - 3161 South Ridge Road Tufco 226,900 100.0% 7/21/2037 NAP NAP NAP NAP
20.04 Property   1 Pro Con - 109 Maplewood Drive Pro Con 205,320 100.0% 12/30/2030 NAP NAP NAP NAP
20.05 Property   1 Total Logistics Total Logistics 86,460 100.0% 8/31/2032 NAP NAP NAP NAP
20.06 Property   1 Pro Con - 2441 East Glendale Avenue Pro Con 172,261 100.0% 12/30/2030 NAP NAP NAP NAP
20.07 Property   1 Amaray Amaray 194,519 100.0% 10/31/2033 NAP NAP NAP NAP
20.08 Property   1 Pro Con - 2430 East Glendale Avenue Pro Con 122,500 100.0% 12/30/2030 NAP NAP NAP NAP
20.09 Property 70 1 Tufco - 1205 Burris Road NAP NAP NAP NAP NAP NAP NAP NAP
20.10 Property   1 Tufco - 1055 Parkview Road Tufco 44,020 100.0% 7/21/2037 NAP NAP NAP NAP
21 Loan 9, 71, 72 1 JW Marriott Nashville NAP NAP NAP NAP NAP NAP NAP NAP
                         
22 Loan 73 1 The Promontory Premier Office Centers, LLC 18,245 18.6% 7/31/2022 National Weather Service 6,685 6.8% 3/31/2029
23 Loan   1 18 Spencer Street LLC, 12 Spencer Park dba Park Pro 17,829 34.2% 12/31/2033 Bridal Studio 5,122 9.8% 2/28/2031
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio                
24.01 Property 77 1 Boardwalk @ 18th Women’s Health Partners, LLC 16,662 12.6% 12/31/2027 Carraba’s Tropical Coast 5,921 4.5% 4/30/2023
24.02 Property   1 Fountains Center University of Miami 12,987 6.9% 4/30/2026 Madsen, Kneepers & Associates 6,350 3.4% 12/31/2024
24.03 Property 78 1 City National Park Belux LLC (Aka Opus) 17,902 13.5% 12/31/2030 TDL Centers Inc 14,067 10.6% 7/14/2030
24.04 Property 79, 80 1 Grove Centre Soberinves Sober Investments, LLC 10,885 17.7% 6/30/2024 Kabbalah Center 4,500 7.3% 2/28/2026
25 Loan 9, 81 3 Cabinetworks Portfolio                
25.01 Property   1 15535 South State Avenue Cabinetworks 937,825 100.0% 8/31/2040 NAP NAP NAP NAP
25.02 Property   1 150 Grand Valley Avenue Cabinetworks 353,588 100.0% 8/31/2040 NAP NAP NAP NAP
25.03 Property   1 16052 Industrial Parkway Cabinetworks 237,481 100.0% 8/31/2040 NAP NAP NAP NAP
26 Loan 82, 83 1 Live Nation Downtown LA Live Nation Worldwide 43,162 100.0% 1/2/2035 NAP NAP NAP NAP
27 Loan   6 Kokot Portfolio                
27.01 Property   1 638-640 East 14th Street NAP NAP NAP NAP NAP NAP NAP NAP
27.02 Property   1 217 East 22nd Street NAP NAP NAP NAP NAP NAP NAP NAP
27.03 Property   1 239 West 15th Street NAP NAP NAP NAP NAP NAP NAP NAP
27.04 Property   1 106 East 7th Street NAP NAP NAP NAP NAP NAP NAP NAP
27.05 Property   1 426 East 77th Street NAP NAP NAP NAP NAP NAP NAP NAP
27.06 Property   1 67 Saint Mark’s Place NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 84 1 16-18 Squadron Boulevard Mid Rockland Imaging 32,100 62.8% 1/31/2027 Body Bank Fitness Corp. 7,000 13.7% 12/31/2023
29 Loan 85, 86, 87 1 Expressway Marketplace Save Mart 53,950 34.8% 11/5/2031 Big Lots 29,250 18.9% 1/31/2026
30 Loan 88 1 7828 Georgia Avenue NW Target Corporation 30,432 63.1% 1/31/2030 Morris Miller Liquors 9,571 19.9% 6/30/2028
31 Loan 9, 89 1 141 Livingston City of New York Department of Citywide Administrative Services 206,084 96.4% 12/26/2025 Smith & Livingston Parking 7,568 3.5% 6/30/2027
32 Loan   1 2233 Nostrand Avenue The Jewish Board 10,800 46.2% 6/30/2026 Mattress Firm 4,320 18.5% 2/28/2026
33 Loan 90 3 Birmingham Mixed Use Portfolio                
33.01 Property   1 2014 Morris Avenue Atlas RFID 10,140 49.5% 5/14/2023 Orchestra Partners 4,805 23.4% 2/29/2040
33.02 Property   1 209 41st Street South Post Office Pies 3,748 30.2% 7/31/2027 Avondale Common House 3,130 25.2% 11/30/2024
33.03 Property   1 1024 20th Street South NHAM LLC (MCFlys & Unplugged) 4,800 62.1% 3/31/2029 Bayleaf 2,300 29.8% 3/31/2029
34 Loan 91 1 1111 Southern Minerals Road Corpus Christi - DOJ 28,100 100.0% 8/31/2034 NAP NAP NAP NAP
35 Loan 9, 92 1 At Home - Willow Grove At Home 94,554 100.0% 7/10/2029 NAP NAP NAP NAP
36 Loan   4 VanWest MI Portfolio                
36.01 Property   1 Shelby NAP NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Warren NAP NAP NAP NAP NAP NAP NAP NAP
36.03 Property   1 Rockford NAP NAP NAP NAP NAP NAP NAP NAP
36.04 Property   1 Belmont NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   2 Teel Plastics Portfolio                
37.01 Property   1 1060 Teel Court Teel Plastics 139,090 100.0% 12/14/2040 NAP NAP NAP NAP
37.02 Property   1 426 Hitchcock Street Teel Plastics 69,850 100.0% 12/14/2040 NAP NAP NAP NAP
38 Loan   1 Signal Hill Gateway Ross 30,247 53.6% 1/31/2026 Petco 15,000 26.6% 10/31/2029
39 Loan 93 1 Rouzan Marketplace Sprouts Farmers Market 30,000 80.4% 6/24/2034 Pizza Artista 3,082 8.3% 2/28/2031
40 Loan   1 Radiance Technologies Radiance Technologies 53,634 100.0% 8/31/2029 NAP NAP NAP NAP
41 Loan   1 475 Grand Street NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio                
42.01 Property   1 Sunrise Apartments NAP NAP NAP NAP NAP NAP NAP NAP
42.02 Property   1 Olive Tree Apartments NAP NAP NAP NAP NAP NAP NAP NAP
42.03 Property   1 Tangiers Apartments NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan 96 1 Mid Cape Flex Rule Marketing, LLC 20,000 19.5% 8/31/2025 Energy Harness Corporation 14,061 13.7% 3/31/2024
44 Loan 97 1 500 W Superior The Gardner School 19,823 100.0% 4/30/2040 NAP NAP NAP NAP
45 Loan   1 PDX Front Ave Industrial Pww Portland, LLC (Patriot) 47,175 65.9% 1/31/2031 Ruan Transport 17,600 24.6% 6/30/2023
46 Loan   1 2517 North Ontario CenterStaging, LLC 22,900 100.0% 3/25/2026 NAP NAP NAP NAP
47 Loan 98 1 4 Storage - Red Lion NAP NAP NAP NAP NAP NAP NAP NAP

A-1-8

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF
                6       6    
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
                             
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office Neutral Tandem 3,922 3.5% 4/30/2026 Fortress SF1, LLC 2,580 2.3% 4/30/2026 Mpower Communications 2,470
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle Victrola Coffee 2,418 0.3% 5/27/2028 NAP NAP NAP NAP NAP NAP
4 Loan 26 1 4800-4900 Fournace Place Texas Justice Center 13,303 2.4% 9/30/2022 SLS Properties 11,319 2.0% 12/31/2025 Consultive Geonomics PLLC 4,450
                             
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue Allergan Sales, LLC 168,673 12.5% 1/31/2027 Geller & Company 125,453 9.3% 4/30/2025 Morrison Cohen LLP 65,068
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point Affiliated Managers Group (AMG) 38,499 8.6% 3/31/2026 Greenberg Traurig 30,254 6.7% 11/30/2027 Morgan Stanley 26,463
7 Loan 40 1 2600 El Camino Real NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 41 1 175 Progress Place Macy’s Inc. 166,600 17.9% 4/30/2028 General Electric Aviation 126,389 13.6% 11/30/2031 Pacific Manufacturing Ohio 43,266
9 Loan 42, 43 1 Boston Scientific NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus Garden City Group 28,533 9.1% 5/31/2022 Hull & Company 23,831 7.6% 7/31/2028 PharMerica Corporation 22,500
11 Loan 47 1 2501 Seaport Schenker, Inc. 20,240 5.0% 10/31/2027 County of Delaware 16,140 4.0% 1/31/2026 SIG Combibloc, Inc. 14,437
12 Loan 48, 49, 50, 51 1 100 Bradley NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 52 1 618 Bushwick NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan   1 Nautica Pointe NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers                    
17.01 Property   1 Galleria Tower I Westlake Management 40,588 8.2% 8/31/2025 BKD, LLP 29,690 6.0% 6/30/2029 Ascende, Inc. 27,511
17.02 Property   1 Galleria Tower II Kane Russell Coleman & Logan PC 25,390 7.9% 3/31/2022 Capgemini U.S. LLC 21,651 6.8% 1/31/2027 Infrastructure Network 15,879
17.03 Property   1 Galleria Financial Center GSA 11,544 4.6% 2/28/2031 Banorte -IXE Securities 10,063 4.0% 2/29/2028 Fusion Learning, Inc 9,536
18 Loan 65 1 GE Aviation New Hampshire NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 66, 67, 68 1 2000 Collins Avenue Sweet Liberty Brothers, LLC 3,562 10.0% 9/30/2030 Charles St. LLC (Orange Blossom) 2,473 7.0% 12/31/2028 Joe & The Juice Miami LLC 2,433
20 Loan 9, 69 10 U.S. Industrial Portfolio VI                    
20.01 Property   1 True Value NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.02 Property   1 Belnick NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.03 Property   1 Tufco - 3161 South Ridge Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.04 Property   1 Pro Con - 109 Maplewood Drive NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.05 Property   1 Total Logistics NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.06 Property   1 Pro Con - 2441 East Glendale Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.07 Property   1 Amaray NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.08 Property   1 Pro Con - 2430 East Glendale Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.09 Property 70 1 Tufco - 1205 Burris Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.10 Property   1 Tufco - 1055 Parkview Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 9, 71, 72 1 JW Marriott Nashville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
                             
22 Loan 73 1 The Promontory Innovative Industrial Prop. 6,119 6.2% 4/15/2025 Hill International Inc. 6,063 6.2% 12/31/2022 Phunware, Inc. 5,353
23 Loan   1 18 Spencer Street Silver Cup 3,629 7.0% 11/30/2025 Kindercare 3,629 7.0% 11/30/2030 Astar Home Capital 3,344
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio                    
24.01 Property 77 1 Boardwalk @ 18th Wild Hair Salon 5,889 4.5% 11/30/2021 Boca Pointe Community Assoc. 5,551 4.2% 11/30/2025 Rooms For Prince & Princess 4,920
24.02 Property   1 Fountains Center Gil Lichtshein 5,987 3.2% 7/31/2026 Salt Academy 5,950 3.2% 8/31/2028 Cohen & Sheinker, MD, PA 5,066
24.03 Property 78 1 City National Park Hellenic Petroleum LLC 8,381 6.3% 2/28/2025 Harbinger Capital Group 8,281 6.3% 6/30/2021 Revamp Healthcare Partners 7,622
24.04 Property 79, 80 1 Grove Centre Big Boca Smiles 4,495 7.3% 11/30/2026 Sequoia Insurance 4,371 7.1% 10/31/2024 Skin Apeel, Inc. 3,162
25 Loan 9, 81 3 Cabinetworks Portfolio                    
25.01 Property   1 15535 South State Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25.02 Property   1 150 Grand Valley Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25.03 Property   1 16052 Industrial Parkway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 82, 83 1 Live Nation Downtown LA NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   6 Kokot Portfolio                    
27.01 Property   1 638-640 East 14th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.02 Property   1 217 East 22nd Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.03 Property   1 239 West 15th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.04 Property   1 106 East 7th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.05 Property   1 426 East 77th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.06 Property   1 67 Saint Mark’s Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 84 1 16-18 Squadron Boulevard Dr. Michael S. Rothstein D.D.S 3,035 5.9% 6/30/2023 All Sport & Spine 2,400 4.7% 4/29/2023 NCTRC 2,297
29 Loan 85, 86, 87 1 Expressway Marketplace Petsmart 25,020 16.1% 10/31/2032 Fundemonium 14,000 9.0% 9/30/2024 Chuck E Cheese 11,250
30 Loan 88 1 7828 Georgia Avenue NW Shephed Park Childrens Academy 3,942 8.2% 9/30/2033 Stella Chukwu, DDS 2,054 4.3% 1/31/2032 NAP NAP
31 Loan 9, 89 1 141 Livingston AT&T Mobility 0 0.0% 12/31/2023 NAP NAP NAP NAP NAP NAP
32 Loan   1 2233 Nostrand Avenue Law Offices of David Fleischmann 3,300 14.1% 7/31/2025 FedEx Office and Print Center 2,599 11.1% 3/31/2027 Dr. Petrosova 2,350
33 Loan 90 3 Birmingham Mixed Use Portfolio                    
33.01 Property   1 2014 Morris Avenue Maestro Maintenance 3,056 14.9% 1/31/2040 NAP NAP NAP NAP NAP NAP
33.02 Property   1 209 41st Street South Saw’s Soul Kitchen 2,337 18.8% 11/30/2029 Balance Nutrition 2,200 17.7% 4/30/2024 Ampersandwich 1,000
33.03 Property   1 1024 20th Street South Domestique Café 629 8.1% 3/31/2024 NAP NAP NAP NAP NAP NAP
34 Loan 91 1 1111 Southern Minerals Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 9, 92 1 At Home - Willow Grove NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   4 VanWest MI Portfolio                    
36.01 Property   1 Shelby NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Warren NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.03 Property   1 Rockford NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.04 Property   1 Belmont NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   2 Teel Plastics Portfolio                    
37.01 Property   1 1060 Teel Court NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37.02 Property   1 426 Hitchcock Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Signal Hill Gateway Dollar Tree 11,213 19.9% 2/25/2025 NAP NAP NAP NAP NAP NAP
39 Loan 93 1 Rouzan Marketplace Izzo’s Illegal Burritos 2,250 6.0% 2/28/2029 Ocean Nails 2,000 5.4% 5/31/2030 NAP NAP
40 Loan   1 Radiance Technologies NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan   1 475 Grand Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio                    
42.01 Property   1 Sunrise Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42.02 Property   1 Olive Tree Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42.03 Property   1 Tangiers Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan 96 1 Mid Cape Flex Fair Play Indoor Sports, Inc. 11,850 11.5% 2/28/2024 Keltour US Inc. 9,440 9.2% 10/31/2024 Elite Performance Training Health 9,436
44 Loan 97 1 500 W Superior NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
45 Loan   1 PDX Front Ave Industrial Hercules Towing 6,842 9.6% 11/30/2021 NAP NAP NAP NAP NAP NAP
46 Loan   1 2517 North Ontario NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
47 Loan 98 1 4 Storage - Red Lion NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

A-1-9

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest Ground Lease Expiration Date Ground Lease Extension Terms
            6                  
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAP NAP 1/20/2021 NAP 1/20/2021 12/24/2020 10% Yes - AE Fee NAP NAP
                               
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 2.2% 8/31/2031 3/4/2021 NAP 2/24/2021 2/23/2021 14% No Fee NAP NAP
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle NAP NAP 3/11/2021 NAP 3/11/2021 3/11/2021 11% No Fee NAP NAP
4 Loan 26 1 4800-4900 Fournace Place 0.8% 6/30/2025 3/3/2021 NAP 3/3/2021 NAP NAP No Fee NAP NAP
                               
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 4.8% 12/31/2031 3/3/2021 NAP 3/3/2021 NAP NAP No Leasehold 5/31/2041 1, 22-year and 6 months renewal
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 5.9% 10/31/2024 1/8/2021 NAP 12/28/2020 NAP NAP Yes - AE Fee NAP NAP
7 Loan 40 1 2600 El Camino Real NAP NAP 2/16/2021 NAP 2/16/2021 2/17/2021 10% No Leasehold 9/30/2051 None
8 Loan 41 1 175 Progress Place 4.6% 11/30/2022 3/15/2021 NAP 3/12/2021 NAP NAP No Fee NAP NAP
9 Loan 42, 43 1 Boston Scientific NAP NAP 1/27/2021 NAP 11/3/2020 NAP NAP No Fee NAP NAP
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 7.2% 1/31/2031 7/1/2020 NAP 7/1/2020 NAP NAP No Fee NAP NAP
11 Loan 47 1 2501 Seaport 3.6% 8/31/2022 11/18/2020 NAP 2/16/2021 NAP NAP Yes - AE Fee NAP NAP
12 Loan 48, 49, 50, 51 1 100 Bradley NAP NAP 8/24/2020 NAP 8/24/2020 NAP NAP No Fee NAP NAP
13 Loan 52 1 618 Bushwick NAP NAP 3/8/2021 NAP 3/8/2021 NAP NAP No Fee NAP NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center NAP NAP 3/1/2021 NAP 2/25/2021 NAP NAP No Fee NAP NAP
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAP NAP 1/27/2021 NAP 1/27/2021 NAP NAP No Fee NAP NAP
16 Loan   1 Nautica Pointe NAP NAP 3/2/2021 NAP 3/2/2021 NAP NAP No Fee NAP NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers                      
17.01 Property   1 Galleria Tower I 5.6% 4/30/2022 1/13/2020 NAP 1/13/2021 NAP NAP No Fee NAP NAP
17.02 Property   1 Galleria Tower II 5.0% 3/31/2022 1/13/2020 NAP 1/13/2021 NAP NAP No Fee NAP NAP
17.03 Property   1 Galleria Financial Center 3.8% 3/31/2025 1/13/2020 NAP 1/13/2021 NAP NAP No Fee NAP NAP
18 Loan 65 1 GE Aviation New Hampshire NAP NAP 3/2/2021 NAP 2/26/2021 NAP NAP No Fee NAP NAP
19 Loan 66, 67, 68 1 2000 Collins Avenue 6.9% 2/28/2030 3/8/2021 NAP 3/8/2021 NAP NAP Yes - AE Fee NAP NAP
20 Loan 9, 69 10 U.S. Industrial Portfolio VI                      
20.01 Property   1 True Value NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.02 Property   1 Belnick NAP NAP 12/21/2020 NAP 12/21/2020 NAP NAP No Fee NAP NAP
20.03 Property   1 Tufco - 3161 South Ridge Road NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.04 Property   1 Pro Con - 109 Maplewood Drive NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.05 Property   1 Total Logistics NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.06 Property   1 Pro Con - 2441 East Glendale Avenue NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.07 Property   1 Amaray NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.08 Property   1 Pro Con - 2430 East Glendale Avenue NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.09 Property 70 1 Tufco - 1205 Burris Road NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
20.10 Property   1 Tufco - 1055 Parkview Road NAP NAP 12/22/2020 NAP 12/22/2020 NAP NAP No Fee NAP NAP
21 Loan 9, 71, 72 1 JW Marriott Nashville NAP NAP 2/25/2020 NAP 2/26/2020 NAP NAP No Fee / Leasehold 3/6/2030 4, 10-year extension options
                               
22 Loan 73 1 The Promontory 5.4% 6/30/2025 2/25/2021 NAP 2/25/2021 2/25/2021 8% No Fee NAP NAP
23 Loan   1 18 Spencer Street 6.4% 11/30/2025 1/21/2021 NAP 1/19/2021 NAP NAP No Fee NAP NAP
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio                      
24.01 Property 77 1 Boardwalk @ 18th 3.7% 8/31/2024 2/19/2020 NAP 2/20/2020 NAP NAP Yes - AE Fee NAP NAP
24.02 Property   1 Fountains Center 2.7% 2/28/2023 2/21/2020 NAP 2/20/2020 NAP NAP No Fee NAP NAP
24.03 Property 78 1 City National Park 5.8% 8/31/2027 2/20/2020 NAP 2/20/2020 NAP NAP Yes - AH, AE Fee NAP NAP
24.04 Property 79, 80 1 Grove Centre 5.1% 1/31/2024 2/22/2020 NAP 2/20/2020 NAP NAP No Fee NAP NAP
25 Loan 9, 81 3 Cabinetworks Portfolio                      
25.01 Property   1 15535 South State Avenue NAP NAP 7/24/2020 NAP 7/24/2020 NAP NAP No Fee NAP NAP
25.02 Property   1 150 Grand Valley Avenue NAP NAP 7/24/2020 NAP 7/23/2020 NAP NAP No Fee NAP NAP
25.03 Property   1 16052 Industrial Parkway NAP NAP 7/24/2020 NAP 7/24/2020 NAP NAP No Fee NAP NAP
26 Loan 82, 83 1 Live Nation Downtown LA NAP NAP 3/16/2021 3/9/2020 3/16/2021 3/16/2021 18% No Fee NAP NAP
27 Loan   6 Kokot Portfolio                      
27.01 Property   1 638-640 East 14th Street NAP NAP 3/1/2021 NAP 3/1/2021 NAP NAP Yes - AE Fee NAP NAP
27.02 Property   1 217 East 22nd Street NAP NAP 3/1/2021 NAP 3/1/2021 NAP NAP No Fee NAP NAP
27.03 Property   1 239 West 15th Street NAP NAP 3/1/2021 NAP 3/1/2021 NAP NAP No Fee NAP NAP
27.04 Property   1 106 East 7th Street NAP NAP 3/1/2021 NAP 3/1/2021 NAP NAP No Fee NAP NAP
27.05 Property   1 426 East 77th Street NAP NAP 3/1/2021 NAP 3/1/2021 NAP NAP No Fee NAP NAP
27.06 Property   1 67 Saint Mark’s Place NAP NAP 3/1/2021 NAP 3/1/2021 NAP NAP No Fee NAP NAP
28 Loan 84 1 16-18 Squadron Boulevard 4.5% 3/14/2022 12/1/2020 NAP 12/1/2020 NAP NAP Yes - AE Fee NAP NAP
29 Loan 85, 86, 87 1 Expressway Marketplace 7.3% 8/31/2025 7/6/2020 NAP 3/1/2021 2/10/2021 9% No Fee NAP NAP
30 Loan 88 1 7828 Georgia Avenue NW NAP NAP 2/12/2021 NAP 2/12/2021 NAP NAP No Fee NAP NAP
31 Loan 9, 89 1 141 Livingston NAP NAP 2/2/2021 NAP 2/1/2021 NAP NAP No Fee NAP NAP
32 Loan   1 2233 Nostrand Avenue 10.1% 11/30/2024 11/23/2020 NAP 11/23/2020 NAP NAP No Fee NAP NAP
33 Loan 90 3 Birmingham Mixed Use Portfolio                      
33.01 Property   1 2014 Morris Avenue NAP NAP 2/9/2021 NAP 2/9/2021 NAP NAP No Fee NAP NAP
33.02 Property   1 209 41st Street South 8.1% 4/30/2026 2/9/2021 NAP 2/9/2021 NAP NAP No Fee NAP NAP
33.03 Property   1 1024 20th Street South NAP NAP 2/9/2021 NAP 2/9/2021 NAP NAP No Fee NAP NAP
34 Loan 91 1 1111 Southern Minerals Road NAP NAP 2/19/2021 NAP 3/3/2021 NAP NAP No Fee NAP NAP
35 Loan 9, 92 1 At Home - Willow Grove NAP NAP 4/7/2021 NAP 4/5/2021 NAP NAP No Fee / Leasehold 7/31/2048 3, 10-year extension options
36 Loan   4 VanWest MI Portfolio                      
36.01 Property   1 Shelby NAP NAP 12/7/2020 NAP 12/7/2020 NAP NAP No Fee NAP NAP
36.02 Property   1 Warren NAP NAP 12/7/2020 NAP 12/7/2020 NAP NAP No Fee NAP NAP
36.03 Property   1 Rockford NAP NAP 12/10/2020 NAP 12/10/2020 NAP NAP No Fee NAP NAP
36.04 Property   1 Belmont NAP NAP 12/8/2020 NAP 12/8/2020 NAP NAP No Fee NAP NAP
37 Loan   2 Teel Plastics Portfolio                      
37.01 Property   1 1060 Teel Court NAP NAP 11/4/2020 NAP 11/4/2020 NAP NAP No Fee NAP NAP
37.02 Property   1 426 Hitchcock Street NAP NAP 11/4/2020 NAP 11/4/2020 NAP NAP No Fee NAP NAP
38 Loan   1 Signal Hill Gateway NAP NAP 11/17/2020 NAP 1/27/2021 1/26/2021 11% No Fee NAP NAP
39 Loan 93 1 Rouzan Marketplace NAP NAP 2/12/2021 NAP 2/12/2021 NAP NAP No Fee NAP NAP
40 Loan   1 Radiance Technologies NAP NAP 3/11/2021 NAP 3/11/2021 NAP NAP No Fee NAP NAP
41 Loan   1 475 Grand Street NAP NAP 2/9/2021 NAP 2/9/2021 NAP NAP No Fee NAP NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio                      
42.01 Property   1 Sunrise Apartments NAP NAP 1/21/2021 NAP 1/6/2021 NAP NAP No Fee NAP NAP
42.02 Property   1 Olive Tree Apartments NAP NAP 1/6/2021 NAP 1/6/2021 NAP NAP No Fee NAP NAP
42.03 Property   1 Tangiers Apartments NAP NAP 1/6/2021 NAP 1/6/2021 NAP NAP No Fee NAP NAP
43 Loan 96 1 Mid Cape Flex 9.2% 6/30/2025 1/12/2021 NAP 1/11/2021 NAP NAP No Fee NAP NAP
44 Loan 97 1 500 W Superior NAP NAP 2/10/2021 NAP 2/10/2021 NAP NAP No Fee NAP NAP
45 Loan   1 PDX Front Ave Industrial NAP NAP 2/5/2021 NAP 2/5/2021 2/25/2021 14% No Fee NAP NAP
46 Loan   1 2517 North Ontario NAP NAP 2/9/2021 NAP 2/9/2021 2/9/2021 15% No Fee NAP NAP
47 Loan 98 1 4 Storage - Red Lion NAP NAP 2/19/2021 NAP 2/19/2021 NAP NAP No Fee NAP NAP

A-1-10

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($)
                         
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAP NAP 0 Springing 0 Springing 0 Springing
                         
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office NAP NAP 79,120 79,120 0 Springing 0 2,307
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle NAP NAP 0 Springing 0 Springing 0 Springing
4 Loan 26 1 4800-4900 Fournace Place NAP NAP 142,263 35,566 112,966 19,010 0 9,412
                         
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 1,600,000 None 0 Springing 0 Springing 0 Springing
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point NAP NAP 0 Springing 0 Springing 0 0
7 Loan 40 1 2600 El Camino Real 1,423,793 Yes 61,200 61,200 0 Springing 0 1,384
8 Loan 41 1 175 Progress Place NAP NAP 372,470 62,078 0 Springing 0 10,873
9 Loan 42, 43 1 Boston Scientific NAP NAP 0 Springing 0 Springing 0 Springing
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus NAP NAP 374,559 187,280 0 Springing 0 6,504
11 Loan 47 1 2501 Seaport NAP NAP 300,378 42,911 0 Springing 0 13,134
12 Loan 48, 49, 50, 51 1 100 Bradley NAP NAP 240,642 35,862 0 Springing 0 1,042
13 Loan 52 1 618 Bushwick NAP NAP 27,390 6,847 6,784 6,784 2,063 2,063
14 Loan   1 Amazon Campbellsville Fulfillment Center NAP NAP 0 Springing 0 Springing 0 Springing
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAP NAP 143,650 47,883 97,653 7,512 0 Springing
16 Loan   1 Nautica Pointe NAP NAP 126,617 63,309 0 Springing 0 2,757
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers     1,133,321 283,330 0 Springing 0 21,990
17.01 Property   1 Galleria Tower I NAP NAP            
17.02 Property   1 Galleria Tower II NAP NAP            
17.03 Property   1 Galleria Financial Center NAP NAP            
18 Loan 65 1 GE Aviation New Hampshire NAP NAP 0 Springing 0 Springing 0 Springing
19 Loan 66, 67, 68 1 2000 Collins Avenue NAP NAP 142,574 23,762 0 Springing 444 444
20 Loan 9, 69 10 U.S. Industrial Portfolio VI     0 Springing 0 Springing 0 Springing
20.01 Property   1 True Value NAP NAP            
20.02 Property   1 Belnick NAP NAP            
20.03 Property   1 Tufco - 3161 South Ridge Road NAP NAP            
20.04 Property   1 Pro Con - 109 Maplewood Drive NAP NAP            
20.05 Property   1 Total Logistics NAP NAP            
20.06 Property   1 Pro Con - 2441 East Glendale Avenue NAP NAP            
20.07 Property   1 Amaray NAP NAP            
20.08 Property   1 Pro Con - 2430 East Glendale Avenue NAP NAP            
20.09 Property 70 1 Tufco - 1205 Burris Road NAP NAP            
20.10 Property   1 Tufco - 1055 Parkview Road NAP NAP            
21 Loan 9, 71, 72 1 JW Marriott Nashville 1 No 0 Springing 0 Springing 1,875,692 (i) for the payment dates through and including July 2023, 3% of Gross Revenues for the prior calendar month and (ii) thereafter, 4% of Gross Revenues for the prior calendar month
                         
22 Loan 73 1 The Promontory NAP NAP 0 31,818 2,735 2,735 500,000 1,637
23 Loan   1 18 Spencer Street NAP NAP 14,011 2,002 21,669 2,709 0 871
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio     609,758 152,439 1,008,948 84,079 0 10,614
24.01 Property 77 1 Boardwalk @ 18th NAP NAP            
24.02 Property   1 Fountains Center NAP NAP            
24.03 Property 78 1 City National Park NAP NAP            
24.04 Property 79, 80 1 Grove Centre NAP NAP            
25 Loan 9, 81 3 Cabinetworks Portfolio     0 Springing 0 Springing 0 Springing
25.01 Property   1 15535 South State Avenue NAP NAP            
25.02 Property   1 150 Grand Valley Avenue NAP NAP            
25.03 Property   1 16052 Industrial Parkway NAP NAP            
26 Loan 82, 83 1 Live Nation Downtown LA NAP NAP 12,103 3,026 0 Springing 0 540
27 Loan   6 Kokot Portfolio     423,796 84,759 0 Springing 0 2,790
27.01 Property   1 638-640 East 14th Street NAP NAP            
27.02 Property   1 217 East 22nd Street NAP NAP            
27.03 Property   1 239 West 15th Street NAP NAP            
27.04 Property   1 106 East 7th Street NAP NAP            
27.05 Property   1 426 East 77th Street NAP NAP            
27.06 Property   1 67 Saint Mark’s Place NAP NAP            
28 Loan 84 1 16-18 Squadron Boulevard NAP NAP 140,877 28,175 12,184 3,046 0 852
29 Loan 85, 86, 87 1 Expressway Marketplace NAP NAP 0 Springing 0 Springing 0 3,488
30 Loan 88 1 7828 Georgia Avenue NW NAP NAP 46,878 23,439 0 Springing 0 723
31 Loan 9, 89 1 141 Livingston NAP NAP 70,582 17,646 0 Springing 0 Springing
32 Loan   1 2233 Nostrand Avenue NAP NAP 28,367 5,673 4,109 1,027 100,000 353
33 Loan 90 3 Birmingham Mixed Use Portfolio     10,308 3,436 0 Springing 0 736
33.01 Property   1 2014 Morris Avenue NAP NAP            
33.02 Property   1 209 41st Street South NAP NAP            
33.03 Property   1 1024 20th Street South NAP NAP            
34 Loan 91 1 1111 Southern Minerals Road NAP NAP 5,873 1,468 0 Springing 351 351
35 Loan 9, 92 1 At Home - Willow Grove 320,951 No 0 Springing 0 Springing 0 1,182
36 Loan   4 VanWest MI Portfolio     78,016 19,504 3,438 1,719 0 2,348
36.01 Property   1 Shelby NAP NAP            
36.02 Property   1 Warren NAP NAP            
36.03 Property   1 Rockford NAP NAP            
36.04 Property   1 Belmont NAP NAP            
37 Loan   2 Teel Plastics Portfolio     0 Springing 0 Springing 0 Springing
37.01 Property   1 1060 Teel Court NAP NAP            
37.02 Property   1 426 Hitchcock Street NAP NAP            
38 Loan   1 Signal Hill Gateway NAP NAP 0 16,497 3,196 1,598 0 1,189
39 Loan 93 1 Rouzan Marketplace NAP NAP 3,071 614 17,465 1,588 0 467
40 Loan   1 Radiance Technologies NAP NAP 77,458 19,365 0 Springing 0 894
41 Loan   1 475 Grand Street NAP NAP 29,957 5,991 1,687 422 0 133
42 Loan 94, 95 3 Mile High Multifamily Portfolio     0 6,596 2,827 2,827 360,000 2,400
42.01 Property   1 Sunrise Apartments NAP NAP            
42.02 Property   1 Olive Tree Apartments NAP NAP            
42.03 Property   1 Tangiers Apartments NAP NAP            
43 Loan 96 1 Mid Cape Flex NAP NAP 53,629 7,661 35,599 4,450 0 1,369
44 Loan 97 1 500 W Superior NAP NAP 43,335 10,834 4,003 801 0 248
45 Loan   1 PDX Front Ave Industrial NAP NAP 39,146 6,524 22,238 1,853 0 718
46 Loan   1 2517 North Ontario NAP NAP 0 Springing 0 Springing 0 Springing
47 Loan 98 1 4 Storage - Red Lion NAP NAP 3,969 3,969 0 Springing 0 365

A-1-11

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($)
                             
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 32,205 0 Springing 0 0 0 0 0 122,730,124 Springing
                             
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 0 0 13,840 0 0 0 0 0 949,120 0
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 0 16,421,411 Springing 0 0 0 0 0 5,572,775 Springing
4 Loan 26 1 4800-4900 Fournace Place 0 0 47,062 0 0 0 0 0 2,350,000 Springing
                             
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 0 0 Springing 0 0 0 0 0 319,928 Springing
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 0 6,650,000 Springing 6,650,000 0 0 0 768,881 1,556,161 0
7 Loan 40 1 2600 El Camino Real 49,841 0 0 0 0 0 0 0 2,918,776 118,649
8 Loan 41 1 175 Progress Place 0 1,700,000 19,416 2,700,000 0 0 0 96,406 770,442 0
9 Loan 42, 43 1 Boston Scientific 50,383 0 Springing 231,745 0 0 0 0 0 0
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 0 3,000,000 Springing 1,170,788 0 0 0 4,620 3,422,872 0
11 Loan 47 1 2501 Seaport 0 0 41,759 0 0 0 0 104,813 1,041,607 0
12 Loan 48, 49, 50, 51 1 100 Bradley 0 0 0 0 599,635 0 0 0 303,011 0
13 Loan 52 1 618 Bushwick 0 0 0 0 0 0 0 0 15,000 0
14 Loan   1 Amazon Campbellsville Fulfillment Center 0 0 Springing 0 565,110 0 0 0 363,500 0
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 0 0 0 0 0 0 0 0 4,868,592 0
16 Loan   1 Nautica Pointe 85,200 0 0 0 0 0 0 0 0 0
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 0 6,000,000 88,973 8,000,000 0 0 0 0 2,290,985 Springing
17.01 Property   1 Galleria Tower I                    
17.02 Property   1 Galleria Tower II                    
17.03 Property   1 Galleria Financial Center                    
18 Loan 65 1 GE Aviation New Hampshire 0 0 Springing 0 0 0 0 0 0 0
19 Loan 66, 67, 68 1 2000 Collins Avenue 0 8,333 8,333 400,000 0 0 0 0 500,000 0
20 Loan 9, 69 10 U.S. Industrial Portfolio VI 894,587 0 Springing 1,789,173 0 0 0 0 701,088 0
20.01 Property   1 True Value                    
20.02 Property   1 Belnick                    
20.03 Property   1 Tufco - 3161 South Ridge Road                    
20.04 Property   1 Pro Con - 109 Maplewood Drive                    
20.05 Property   1 Total Logistics                    
20.06 Property   1 Pro Con - 2441 East Glendale Avenue                    
20.07 Property   1 Amaray                    
20.08 Property   1 Pro Con - 2430 East Glendale Avenue                    
20.09 Property 70 1 Tufco - 1205 Burris Road                    
20.10 Property   1 Tufco - 1055 Parkview Road                    
21 Loan 9, 71, 72 1 JW Marriott Nashville 0 0 0 0 8,831,707 0 0 0 0 0
                             
22 Loan 73 1 The Promontory 0 750,000 Springing 491,245 0 0 0 0 54,873 0
23 Loan   1 18 Spencer Street 0 0 5,446 350,000 388,830 0 0 45,000 225,600 0
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 0 1,500,000 42,877 3,000,000 1,000,000 Springing 0 18,755 211,000 0
24.01 Property 77 1 Boardwalk @ 18th                    
24.02 Property   1 Fountains Center                    
24.03 Property 78 1 City National Park                    
24.04 Property 79, 80 1 Grove Centre                    
25 Loan 9, 81 3 Cabinetworks Portfolio 305,779 0 Springing 1,528,894 0 0 0 0 0 0
25.01 Property   1 15535 South State Avenue                    
25.02 Property   1 150 Grand Valley Avenue                    
25.03 Property   1 16052 Industrial Parkway                    
26 Loan 82, 83 1 Live Nation Downtown LA 19,423 0 3,598 0 790,833 0 0 0 0 0
27 Loan   6 Kokot Portfolio 0 0 0 0 0 0 0 0 0 0
27.01 Property   1 638-640 East 14th Street                    
27.02 Property   1 217 East 22nd Street                    
27.03 Property   1 239 West 15th Street                    
27.04 Property   1 106 East 7th Street                    
27.05 Property   1 426 East 77th Street                    
27.06 Property   1 67 Saint Mark’s Place                    
28 Loan 84 1 16-18 Squadron Boulevard 0 0 7,159 258,922 0 0 0 4,563 0 0
29 Loan 85, 86, 87 1 Expressway Marketplace 0 0 6,460 232,543 244,712 0 0 0 84,341 Springing
30 Loan 88 1 7828 Georgia Avenue NW 0 0 Springing 0 0 0 0 6,050 423,936 0
31 Loan 9, 89 1 141 Livingston 0 0 0 0 0 0 0 0 0 Springing
32 Loan   1 2233 Nostrand Avenue 0 0 3,875 200,000 400,000 0 0 4,400 2,700 2,700
33 Loan 90 3 Birmingham Mixed Use Portfolio 0 100,000 3,387 0 310,384 0 0 0 0 0
33.01 Property   1 2014 Morris Avenue                    
33.02 Property   1 209 41st Street South                    
33.03 Property   1 1024 20th Street South                    
34 Loan 91 1 1111 Southern Minerals Road 0 0 0 0 0 0 0 10,323 90,721 0
35 Loan 9, 92 1 At Home - Willow Grove 0 0 5,910 0 0 0 0 0 1,835,000 0
36 Loan   4 VanWest MI Portfolio 0 0 0 0 0 0 0 469,949 0 0
36.01 Property   1 Shelby                    
36.02 Property   1 Warren                    
36.03 Property   1 Rockford                    
36.04 Property   1 Belmont                    
37 Loan   2 Teel Plastics Portfolio 0 0 0 0 173,052 0 0 0 0 0
37.01 Property   1 1060 Teel Court                    
37.02 Property   1 426 Hitchcock Street                    
38 Loan   1 Signal Hill Gateway 0 0 4,705 282,300 195,864 0 0 0 150,000 0
39 Loan 93 1 Rouzan Marketplace 0 0 2,333 0 0 0 0 0 159,651 0
40 Loan   1 Radiance Technologies 53,634 0 4,470 0 0 0 0 0 0 0
41 Loan   1 475 Grand Street 0 0 0 0 0 0 0 0 0 0
42 Loan 94, 95 3 Mile High Multifamily Portfolio 0 0 0 0 60,000 0 0 132,688 0 0
42.01 Property   1 Sunrise Apartments                    
42.02 Property   1 Olive Tree Apartments                    
42.03 Property   1 Tangiers Apartments                    
43 Loan 96 1 Mid Cape Flex 32,858 100,000 8,557 200,000 0 0 0 0 15,000 0
44 Loan 97 1 500 W Superior 0 200,000 3,304 400,000 243,303 0 0 0 0 0
45 Loan   1 PDX Front Ave Industrial 0 0 2,566 92,385 0 0 0 11,875 0 Springing
46 Loan   1 2517 North Ontario 0 0 Springing 0 0 0 0 0 225,000 0
47 Loan 98 1 4 Storage - Red Lion 0 0 0 0 0 0 0 13,125 0 0

A-1-12

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Description Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management
                     
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point Unfunded Obligations Reserve (Upfront: $122,730,124.21), Ground Rent Reserve (Monthly: Springing) 0 0 NAP Hard Springing
                     
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office Unfunded Obligations Reserve 0 0 NAP Hard In Place
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle Free Rent Reserve (Upfront: $5,572,775.41), Condominium Reserve (Monthly: Springing) 0 0 NAP Hard Springing
4 Loan 26 1 4800-4900 Fournace Place Capital Improvement Reserve (Upfront: $2,350,000), Houston Methodist Reserve (Monthly: Springing; Cap: $1,000,000) 1,000,000 0 NAP Hard In Place
                     
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue Unfunded Obligations Reserve (Upfront: $319,928), Ground Rent Reserve (Monthly: Springing), Specified Tenant Trigger Reserve (Monthly: Springing) Specified Tenant Trigger Reserve ($16,181,480) 0 NAP Hard Springing
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point Unfunded Obligations Reserve 0 0 NAP Hard Springing
7 Loan 40 1 2600 El Camino Real Unfunded Obligations Reserve (Upfront: $2,800,126.87), Ground Rent Reserve (Upfront: $118,649.40; Monthly: $118,649.40) 0 0 NAP Hard Springing
8 Loan 41 1 175 Progress Place Unfunded Obligations Reserve 0 0 NAP Hard Springing
9 Loan 42, 43 1 Boston Scientific NAP 0 0 NAP Hard Springing
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus Unfunded Obligations Reserve 0 0 NAP Hard Springing
11 Loan 47 1 2501 Seaport Unfunded Obligations Reserve ($978,023.53), Talen Energy Reserve ($63,583.37) 0 0 NAP Hard Springing
12 Loan 48, 49, 50, 51 1 100 Bradley Fortress Reimbursement Reserve ($213,011), Transformer Reserve ($90,000) 0 0 NAP Springing Springing
13 Loan 52 1 618 Bushwick Municipal Violation Reserve 0 0 NAP Hard Springing
14 Loan   1 Amazon Campbellsville Fulfillment Center Unfunded Obligations Reserve 0 0 NAP Hard Springing
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 Outstanding TI/LC Reserve: ($4,799,293), Condominium Reserve: ($69,299) 0 0 NAP Hard Springing
16 Loan   1 Nautica Pointe NAP 0 0 NAP None None
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers Condo Reserve Funds (Upfront: $98,143.16, Monthly: Springing), Unfunded Obligations Reserve ($2,192,842) 0 0 NAP Hard Springing
17.01 Property   1 Galleria Tower I            
17.02 Property   1 Galleria Tower II            
17.03 Property   1 Galleria Financial Center            
18 Loan 65 1 GE Aviation New Hampshire NAP 0 0 NAP Hard Springing
19 Loan 66, 67, 68 1 2000 Collins Avenue Outstanding TI Reserve 0 0 NAP Springing Springing
20 Loan 9, 69 10 U.S. Industrial Portfolio VI Unfunded Obligations Reserve 0 0 NAP Hard Springing
20.01 Property   1 True Value            
20.02 Property   1 Belnick            
20.03 Property   1 Tufco - 3161 South Ridge Road            
20.04 Property   1 Pro Con - 109 Maplewood Drive            
20.05 Property   1 Total Logistics            
20.06 Property   1 Pro Con - 2441 East Glendale Avenue            
20.07 Property   1 Amaray            
20.08 Property   1 Pro Con - 2430 East Glendale Avenue            
20.09 Property 70 1 Tufco - 1205 Burris Road            
20.10 Property   1 Tufco - 1055 Parkview Road            
21 Loan 9, 71, 72 1 JW Marriott Nashville NAP 0 0 NAP Hard Springing
                     
22 Loan 73 1 The Promontory Free Rent Reserve 0 0 NAP Springing Springing
23 Loan   1 18 Spencer Street Free Rent Reserve 0 0 NAP Springing Springing
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio Unfunded Obligations Reserve 0 0 NAP Hard Springing
24.01 Property 77 1 Boardwalk @ 18th            
24.02 Property   1 Fountains Center            
24.03 Property 78 1 City National Park            
24.04 Property 79, 80 1 Grove Centre            
25 Loan 9, 81 3 Cabinetworks Portfolio NAP 0 0 NAP Hard Springing
25.01 Property   1 15535 South State Avenue            
25.02 Property   1 150 Grand Valley Avenue            
25.03 Property   1 16052 Industrial Parkway            
26 Loan 82, 83 1 Live Nation Downtown LA NAP 0 0 NAP Hard Springing
27 Loan   6 Kokot Portfolio NAP 0 0 NAP Springing Springing
27.01 Property   1 638-640 East 14th Street            
27.02 Property   1 217 East 22nd Street            
27.03 Property   1 239 West 15th Street            
27.04 Property   1 106 East 7th Street            
27.05 Property   1 426 East 77th Street            
27.06 Property   1 67 Saint Mark’s Place            
28 Loan 84 1 16-18 Squadron Boulevard NAP 0 0 NAP Springing Springing
29 Loan 85, 86, 87 1 Expressway Marketplace Free Rent Reserve (Upfront: $84,341.25), Big Lots Extension Funds (Monthly: Springing) 0 0 NAP Hard In Place
30 Loan 88 1 7828 Georgia Avenue NW Unfunded Obligations Reserve ($258,620), Free Rent Reserve ($165,316) 0 0 NAP Hard Springing
31 Loan 9, 89 1 141 Livingston Renewal Tenant Reserve 0 0 NAP Springing Springing
32 Loan   1 2233 Nostrand Avenue Free Rent Reserve 0 0 NAP Springing Springing
33 Loan 90 3 Birmingham Mixed Use Portfolio NAP 0 0 NAP Hard Springing
33.01 Property   1 2014 Morris Avenue            
33.02 Property   1 209 41st Street South            
33.03 Property   1 1024 20th Street South            
34 Loan 91 1 1111 Southern Minerals Road Rent Reserve 0 0 NAP Hard Springing
35 Loan 9, 92 1 At Home - Willow Grove Unfunded Obligations Reserve 0 0 NAP Hard In Place
36 Loan   4 VanWest MI Portfolio NAP 0 0 NAP Springing Springing
36.01 Property   1 Shelby            
36.02 Property   1 Warren            
36.03 Property   1 Rockford            
36.04 Property   1 Belmont            
37 Loan   2 Teel Plastics Portfolio NAP 0 0 NAP Hard In Place
37.01 Property   1 1060 Teel Court            
37.02 Property   1 426 Hitchcock Street            
38 Loan   1 Signal Hill Gateway Petco TI Reserve 0 0 NAP Hard Springing
39 Loan 93 1 Rouzan Marketplace Unfunded Obligations Reserve 0 0 NAP Hard In Place
40 Loan   1 Radiance Technologies NAP 0 0 NAP Springing Springing
41 Loan   1 475 Grand Street NAP 0 0 NAP Springing Springing
42 Loan 94, 95 3 Mile High Multifamily Portfolio NAP 0 0 NAP Springing Springing
42.01 Property   1 Sunrise Apartments            
42.02 Property   1 Olive Tree Apartments            
42.03 Property   1 Tangiers Apartments            
43 Loan 96 1 Mid Cape Flex Unfunded Obligations Reserve 0 0 NAP Springing Springing
44 Loan 97 1 500 W Superior NAP 0 0 NAP Hard Springing
45 Loan   1 PDX Front Ave Industrial Raun Renewal Reserve 0 0 NAP Hard Springing
46 Loan   1 2517 North Ontario Center Staging Prepaid Rent Reserve 0 0 NAP Springing Springing
47 Loan 98 1 4 Storage - Red Lion NAP 0 0 NAP Springing Springing

A-1-13

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) Tenant Specific Excess Cash Trap Trigger (Y/N) Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($)
                                 
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point No Yes Yes No 120,000,000 260,000,000 662,718.33 968,588.33 240,000,000 3.01680% 620,000,000 1,580,328.33
                                 
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office Yes Yes No NAP NAP NAP NAP NAP 12,500,000 3.66000% 115,000,000 355,621.52
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle Yes Yes Yes Yes 90,000,000 144,900,000 367,872.94 596,365.45 155,100,000 3.004833% 390,000,000 990,134.21
4 Loan 26 1 4800-4900 Fournace Place No Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
                                 
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue Yes Yes Yes No 50,000,000 185,600,000 506,511.85 642,964.40 114,400,000 3.23000% 350,000,000 955,167.83
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point Yes No Yes No 48,520,000 150,000,000 423,301.78 560,225.80 NAP NAP 198,520,000 560,225.80
7 Loan 40 1 2600 El Camino Real Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 41 1 175 Progress Place Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 42, 43 1 Boston Scientific Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus Yes Yes Yes Yes 37,000,000 18,500,000 86,792.93 260,378.78 NAP NAP 55,500,000 260,378.78
11 Loan 47 1 2501 Seaport Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 48, 49, 50, 51 1 100 Bradley Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 52 1 618 Bushwick Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 Yes Yes Yes No 26,000,000 45,000,000 128,168.23 202,220.98 NAP NAP 71,000,000 202,220.98
16 Loan   1 Nautica Pointe Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers Yes Yes Yes No 24,969,936 64,921,834 327,802.40 453,880.24 NAP NAP 89,891,770 453,880.24
17.01 Property   1 Galleria Tower I                        
17.02 Property   1 Galleria Tower II                        
17.03 Property   1 Galleria Financial Center                        
18 Loan 65 1 GE Aviation New Hampshire Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 66, 67, 68 1 2000 Collins Avenue Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 9, 69 10 U.S. Industrial Portfolio VI Yes Yes Yes No 21,000,000 60,000,000 188,380.56 254,313.75 NAP NAP 81,000,000 254,313.75
20.01 Property   1 True Value                        
20.02 Property   1 Belnick                        
20.03 Property   1 Tufco - 3161 South Ridge Road                        
20.04 Property   1 Pro Con - 109 Maplewood Drive                        
20.05 Property   1 Total Logistics                        
20.06 Property   1 Pro Con - 2441 East Glendale Avenue                        
20.07 Property   1 Amaray                        
20.08 Property   1 Pro Con - 2430 East Glendale Avenue                        
20.09 Property 70 1 Tufco - 1205 Burris Road                        
20.10 Property   1 Tufco - 1055 Parkview Road                        
21 Loan 9, 71, 72 1 JW Marriott Nashville Yes No Yes No 20,000,000 165,000,000 437,607.12 490,650.41 NAP NAP 185,000,000 490,650.41
                                 
22 Loan 73 1 The Promontory Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 18 Spencer Street Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio Yes No Yes No 19,300,000 79,700,000 270,703.26 336,256.25 NAP NAP 99,000,000 336,256.25
24.01 Property 77 1 Boardwalk @ 18th                        
24.02 Property   1 Fountains Center                        
24.03 Property 78 1 City National Park                        
24.04 Property 79, 80 1 Grove Centre                        
25 Loan 9, 81 3 Cabinetworks Portfolio Yes Yes Yes Yes 17,333,000 30,000,000 131,750.32 207,871.26 NAP NAP 47,333,000 207,871.26
25.01 Property   1 15535 South State Avenue                        
25.02 Property   1 150 Grand Valley Avenue                        
25.03 Property   1 16052 Industrial Parkway                        
26 Loan 82, 83 1 Live Nation Downtown LA Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   6 Kokot Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.01 Property   1 638-640 East 14th Street                        
27.02 Property   1 217 East 22nd Street                        
27.03 Property   1 239 West 15th Street                        
27.04 Property   1 106 East 7th Street                        
27.05 Property   1 426 East 77th Street                        
27.06 Property   1 67 Saint Mark’s Place                        
28 Loan 84 1 16-18 Squadron Boulevard Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 85, 86, 87 1 Expressway Marketplace Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 88 1 7828 Georgia Avenue NW Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 9, 89 1 141 Livingston Yes Yes Yes No 12,500,000 87,500,000 237,313.37 271,215.28 NAP NAP 100,000,000 271,215.28
32 Loan   1 2233 Nostrand Avenue Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan 90 3 Birmingham Mixed Use Portfolio Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
33.01 Property   1 2014 Morris Avenue                        
33.02 Property   1 209 41st Street South                        
33.03 Property   1 1024 20th Street South                        
34 Loan 91 1 1111 Southern Minerals Road Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 9, 92 1 At Home - Willow Grove Yes Yes No NAP NAP NAP NAP NAP 2,000,000 3.88000% 12,061,322 57,168.56
36 Loan   4 VanWest MI Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 Shelby                        
36.02 Property   1 Warren                        
36.03 Property   1 Rockford                        
36.04 Property   1 Belmont                        
37 Loan   2 Teel Plastics Portfolio Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
37.01 Property   1 1060 Teel Court                        
37.02 Property   1 426 Hitchcock Street                        
38 Loan   1 Signal Hill Gateway Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan 93 1 Rouzan Marketplace Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 Radiance Technologies Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan   1 475 Grand Street Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
42.01 Property   1 Sunrise Apartments                        
42.02 Property   1 Olive Tree Apartments                        
42.03 Property   1 Tangiers Apartments                        
43 Loan 96 1 Mid Cape Flex Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP
44 Loan 97 1 500 W Superior Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
45 Loan   1 PDX Front Ave Industrial Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
46 Loan   1 2517 North Ontario Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP
47 Loan 98 1 4 Storage - Red Lion Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP

A-1-14

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N)
            4             4    
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 62.0% 2.89 8.9% 130,000,000 4.50000% 750,000,000 3,435,652.96 75.0% 1.33 7.4% No
                               
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 74.2% 2.02 7.5% NAP NAP NAP NAP NAP NAP NAP No
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 58.2% 2.57 7.9% 65,000,000 6.10000% 455,000,000 1,325,140.00 67.9% 1.92 6.8% No
4 Loan 26 1 4800-4900 Fournace Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
                               
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 51.9% 2.72 9.5% NAP NAP NAP NAP NAP NAP NAP No
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 68.7% 2.78 9.7% 30,540,000 7.00000% 229,060,000 740,850.11 79.3% 2.10 8.4% No
7 Loan 40 1 2600 El Camino Real NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
8 Loan 41 1 175 Progress Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
9 Loan 42, 43 1 Boston Scientific NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 74.0% 1.67 9.5% NAP NAP NAP NAP NAP NAP NAP No
11 Loan 47 1 2501 Seaport NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
12 Loan 48, 49, 50, 51 1 100 Bradley NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
13 Loan 52 1 618 Bushwick NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
14 Loan   1 Amazon Campbellsville Fulfillment Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 64.5% 1.92 6.6% NAP NAP NAP NAP NAP NAP NAP No
16 Loan   1 Nautica Pointe NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers 48.6% 1.71 12.6% NAP NAP NAP NAP NAP NAP NAP No
17.01 Property   1 Galleria Tower I                      
17.02 Property   1 Galleria Tower II                      
17.03 Property   1 Galleria Financial Center                      
18 Loan 65 1 GE Aviation New Hampshire NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
19 Loan 66, 67, 68 1 2000 Collins Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
20 Loan 9, 69 10 U.S. Industrial Portfolio VI 59.3% 2.56 10.7% NAP NAP NAP NAP NAP NAP NAP Yes
20.01 Property   1 True Value                      
20.02 Property   1 Belnick                      
20.03 Property   1 Tufco - 3161 South Ridge Road                      
20.04 Property   1 Pro Con - 109 Maplewood Drive                      
20.05 Property   1 Total Logistics                      
20.06 Property   1 Pro Con - 2441 East Glendale Avenue                      
20.07 Property   1 Amaray                      
20.08 Property   1 Pro Con - 2430 East Glendale Avenue                      
20.09 Property 70 1 Tufco - 1205 Burris Road                      
20.10 Property   1 Tufco - 1055 Parkview Road                      
21 Loan 9, 71, 72 1 JW Marriott Nashville 61.5% 4.17 15.3% NAP NAP NAP NAP NAP NAP NAP No
                               
22 Loan 73 1 The Promontory NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
23 Loan   1 18 Spencer Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio 63.5% 2.46 10.6% NAP NAP NAP NAP NAP NAP NAP No
24.01 Property 77 1 Boardwalk @ 18th                      
24.02 Property   1 Fountains Center                      
24.03 Property 78 1 City National Park                      
24.04 Property 79, 80 1 Grove Centre                      
25 Loan 9, 81 3 Cabinetworks Portfolio 64.4% 2.08 11.7% NAP NAP NAP NAP NAP NAP NAP Yes
25.01 Property   1 15535 South State Avenue                      
25.02 Property   1 150 Grand Valley Avenue                      
25.03 Property   1 16052 Industrial Parkway                      
26 Loan 82, 83 1 Live Nation Downtown LA NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
27 Loan   6 Kokot Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
27.01 Property   1 638-640 East 14th Street                      
27.02 Property   1 217 East 22nd Street                      
27.03 Property   1 239 West 15th Street                      
27.04 Property   1 106 East 7th Street                      
27.05 Property   1 426 East 77th Street                      
27.06 Property   1 67 Saint Mark’s Place                      
28 Loan 84 1 16-18 Squadron Boulevard NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
29 Loan 85, 86, 87 1 Expressway Marketplace NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP Yes
30 Loan 88 1 7828 Georgia Avenue NW NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
31 Loan 9, 89 1 141 Livingston 54.9% 2.52 8.9% NAP NAP NAP NAP NAP NAP NAP No
32 Loan   1 2233 Nostrand Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
33 Loan 90 3 Birmingham Mixed Use Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
33.01 Property   1 2014 Morris Avenue                      
33.02 Property   1 209 41st Street South                      
33.03 Property   1 1024 20th Street South                      
34 Loan 91 1 1111 Southern Minerals Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
35 Loan 9, 92 1 At Home - Willow Grove 60.0% 1.82 10.8% NAP NAP NAP NAP NAP NAP NAP No
36 Loan   4 VanWest MI Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
36.01 Property   1 Shelby                      
36.02 Property   1 Warren                      
36.03 Property   1 Rockford                      
36.04 Property   1 Belmont                      
37 Loan   2 Teel Plastics Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
37.01 Property   1 1060 Teel Court                      
37.02 Property   1 426 Hitchcock Street                      
38 Loan   1 Signal Hill Gateway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
39 Loan 93 1 Rouzan Marketplace NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
40 Loan   1 Radiance Technologies NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
41 Loan   1 475 Grand Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
42 Loan 94, 95 3 Mile High Multifamily Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
42.01 Property   1 Sunrise Apartments                      
42.02 Property   1 Olive Tree Apartments                      
42.03 Property   1 Tangiers Apartments                      
43 Loan 96 1 Mid Cape Flex NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
44 Loan 97 1 500 W Superior NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
45 Loan   1 PDX Front Ave Industrial NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
46 Loan   1 2517 North Ontario NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No
47 Loan 98 1 4 Storage - Red Lion NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No

A-1-15

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Future Debt Permitted Type Sponsor
             
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAP Kylli Inc.
             
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office NAP John R. Winther
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle NAP KKR Real Estate Select Trust Inc.
4 Loan 26 1 4800-4900 Fournace Place NAP Danny M. Sheena and Osama Abdullatif
             
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue NAP Vornado Realty L.P.
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point NAP The Related Companies, Inc.
7 Loan 40 1 2600 El Camino Real NAP SHP Master II, LLC
8 Loan 41 1 175 Progress Place NAP Peter Murphy, Matthew O’Connor, Kevin Smith and Jonathan Stott
9 Loan 42, 43 1 Boston Scientific NAP New Mountain Net Lease Partners Corporation and New Mountain Net Lease Corporation
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus NAP Abraham Grunhut
11 Loan 47 1 2501 Seaport NAP Jay Sugarman
12 Loan 48, 49, 50, 51 1 100 Bradley NAP Steven J. Guttman
13 Loan 52 1 618 Bushwick NAP Cayuga Capital Management LLC and Wildenstein & Co
14 Loan   1 Amazon Campbellsville Fulfillment Center NAP Edmund C. Wideman III, Matthew M. Wideman and Christopher D. Wideman
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAP Massa Nova GmbH
16 Loan   1 Nautica Pointe NAP David M. Conwill and Steven B. Kimmelman
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers NAP Azrieli Group Ltd.
17.01 Property   1 Galleria Tower I    
17.02 Property   1 Galleria Tower II    
17.03 Property   1 Galleria Financial Center    
18 Loan 65 1 GE Aviation New Hampshire NAP Moses Mizrahi
19 Loan 66, 67, 68 1 2000 Collins Avenue NAP Elyahu Cohen, Alexander Smith and Joey Cohen
20 Loan 9, 69 10 U.S. Industrial Portfolio VI Mezzanine (After 180 days from the origination date, Max Combined LTV of 56.37%, Min Combined DSCR of 3.269x, Min Combined DY of 12.32%; Intercreditor Agreement is required) BIG STNL II LLC
20.01 Property   1 True Value    
20.02 Property   1 Belnick    
20.03 Property   1 Tufco - 3161 South Ridge Road    
20.04 Property   1 Pro Con - 109 Maplewood Drive    
20.05 Property   1 Total Logistics    
20.06 Property   1 Pro Con - 2441 East Glendale Avenue    
20.07 Property   1 Amaray    
20.08 Property   1 Pro Con - 2430 East Glendale Avenue    
20.09 Property 70 1 Tufco - 1205 Burris Road    
20.10 Property   1 Tufco - 1055 Parkview Road    
21 Loan 9, 71, 72 1 JW Marriott Nashville NAP Jacquelyn Soffer
             
22 Loan 73 1 The Promontory NAP Stephen M. Zotovich
23 Loan   1 18 Spencer Street NAP Pinchos Loketch and Chana Lichtenstein
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio NAP Carlos Ulloa, Debra Corchia, Daniel Statlander and James Capirio
24.01 Property 77 1 Boardwalk @ 18th    
24.02 Property   1 Fountains Center    
24.03 Property 78 1 City National Park    
24.04 Property 79, 80 1 Grove Centre    
25 Loan 9, 81 3 Cabinetworks Portfolio Mezzanine (Max Combined LTV of 64.4%; Min Combined DSCR of 2.35x; Min Combined Debt Yield of 12.38%; Intercreditor Agreement is required) AG Net Lease IV (Q) Corp., AG Net Lease IV Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P.
25.01 Property   1 15535 South State Avenue    
25.02 Property   1 150 Grand Valley Avenue    
25.03 Property   1 16052 Industrial Parkway    
26 Loan 82, 83 1 Live Nation Downtown LA NAP David Bolour
27 Loan   6 Kokot Portfolio NAP Arthur Kokot
27.01 Property   1 638-640 East 14th Street    
27.02 Property   1 217 East 22nd Street    
27.03 Property   1 239 West 15th Street    
27.04 Property   1 106 East 7th Street    
27.05 Property   1 426 East 77th Street    
27.06 Property   1 67 Saint Mark’s Place    
28 Loan 84 1 16-18 Squadron Boulevard NAP Jack Wercberger
29 Loan 85, 86, 87 1 Expressway Marketplace Mezz (Max Combined LTV of 62.0%; Min Combined DSCR of 1.90x; Min Combined Debt Yield of 10.25%; Intercreditor Agreement is required) PWD Holdings, LLC
30 Loan 88 1 7828 Georgia Avenue NW NAP Norman Jemal
31 Loan 9, 89 1 141 Livingston NAP Clipper Realty Inc. and Clipper Realty L.P.
32 Loan   1 2233 Nostrand Avenue NAP Joel Wertzberger, Allan Lebovits and Jacob Tambor
33 Loan 90 3 Birmingham Mixed Use Portfolio NAP Hunter Renfroe and John Boone
33.01 Property   1 2014 Morris Avenue    
33.02 Property   1 209 41st Street South    
33.03 Property   1 1024 20th Street South    
34 Loan 91 1 1111 Southern Minerals Road NAP Avery Capital Real Estate Fund I, LP
35 Loan 9, 92 1 At Home - Willow Grove NAP Ronald J. Oehl
36 Loan   4 VanWest MI Portfolio NAP Wade A. Buxton, Jacob A. Vanderslice and Aaron M. Westphal
36.01 Property   1 Shelby    
36.02 Property   1 Warren    
36.03 Property   1 Rockford    
36.04 Property   1 Belmont    
37 Loan   2 Teel Plastics Portfolio NAP LCN North American Fund III REIT
37.01 Property   1 1060 Teel Court    
37.02 Property   1 426 Hitchcock Street    
38 Loan   1 Signal Hill Gateway NAP William S. Russell
39 Loan 93 1 Rouzan Marketplace NAP Spinosa Class Trust, CJS Trust and Joseph T. Spinosa
40 Loan   1 Radiance Technologies NAP Allan Adelson
41 Loan   1 475 Grand Street NAP Joel Schwartz
42 Loan 94, 95 3 Mile High Multifamily Portfolio NAP Maximo Juda
42.01 Property   1 Sunrise Apartments    
42.02 Property   1 Olive Tree Apartments    
42.03 Property   1 Tangiers Apartments    
43 Loan 96 1 Mid Cape Flex NAP Douglas Hannah
44 Loan 97 1 500 W Superior NAP McLinden Holdings, L.L.C., Jane Slaven, Trustee of the Jane Slaven Revocable Trust
45 Loan   1 PDX Front Ave Industrial NAP Bradley Boland Sr. and Dorinda Boland
46 Loan   1 2517 North Ontario NAP Shahram Fahimian
47 Loan 98 1 4 Storage - Red Lion NAP Susan E. T. Petrone and SETP Revocable Trust

A-1-16

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)		 Tenants-in-common
(Y/N)		 Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal’s New Cash Contribution ($)
                  7   8
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point Kylli Inc. No No Refinance No 380,000,000 0
                       
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office John R. Winther and John R. Winther as trustee of The John R. Winther Trust, dated September 20, 2012 No No Refinance No 102,500,000 0
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle KKR Real Estate Select Trust Inc. No No Acquisition No 234,900,000 152,433,823
4 Loan 26 1 4800-4900 Fournace Place Danny M. Sheena and Osama Abdullatif No No Refinance No 56,500,000 0
                       
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue None No No Refinance No 235,600,000 2,882,061
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point The Related Companies, Inc. No No Acquisition No 198,520,000 62,659,814
7 Loan 40 1 2600 El Camino Real SHP Master II, LLC No No Refinance No 46,350,000 0
8 Loan 41 1 175 Progress Place Peter Murphy, Matthew O’Connor, Kevin Smith and Jonathan Stott No No Refinance No 46,000,000 0
9 Loan 42, 43 1 Boston Scientific New Mountain Net Lease Partners Corporation and New Mountain Net Lease Corporation No No Recapitalization No 39,725,850 0
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus Abraham Grunhut No No Acquisition No 55,500,000 27,190,492
11 Loan 47 1 2501 Seaport Jay Sugarman No No Refinance Yes 34,000,000 0
12 Loan 48, 49, 50, 51 1 100 Bradley Steven J. Guttman No No Refinance No 32,500,000 0
13 Loan 52 1 618 Bushwick James P. Wiseman and Jacob L. Sacks No No Refinance No 30,000,000 0
14 Loan   1 Amazon Campbellsville Fulfillment Center Edmund C. Wideman III, Matthew M. Wideman and Christopher D. Wideman No No Acquisition Yes 29,250,000 16,136,381
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 Massa Nova GmbH No No Refinance No 71,000,000 131,104
16 Loan   1 Nautica Pointe David M. Conwill and Steven B. Kimmelman No No Refinance No    
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers Azrieli Group Ltd. No No Refinance      
17.01 Property   1 Galleria Tower I         No    
17.02 Property   1 Galleria Tower II         No    
17.03 Property   1 Galleria Financial Center         No    
18 Loan 65 1 GE Aviation New Hampshire Moses Mizrahi No No Refinance No    
19 Loan 66, 67, 68 1 2000 Collins Avenue Elyahu Cohen, Alexander Smith and Joey Cohen No No Acquisition No    
20 Loan 9, 69 10 U.S. Industrial Portfolio VI Brennan Management LLC, Michael Brennan, Robert G. Vanecko, Scott D. McKibben, Samuel A. Mandarino, Brad S. O’Halloran, Allen H. Crosswell, W. Troy McMane and Greenwood Holding Company, LLC No No Refinance      
20.01 Property   1 True Value         No    
20.02 Property   1 Belnick         No    
20.03 Property   1 Tufco - 3161 South Ridge Road         No    
20.04 Property   1 Pro Con - 109 Maplewood Drive         Yes    
20.05 Property   1 Total Logistics         No    
20.06 Property   1 Pro Con - 2441 East Glendale Avenue         No    
20.07 Property   1 Amaray         No    
20.08 Property   1 Pro Con - 2430 East Glendale Avenue         No    
20.09 Property 70 1 Tufco - 1205 Burris Road         Yes    
20.10 Property   1 Tufco - 1055 Parkview Road         No    
21 Loan 9, 71, 72 1 JW Marriott Nashville Jacquelyn Soffer No No Refinance No    
                       
22 Loan 73 1 The Promontory Stephen M. Zotovich No No Acquisition No    
23 Loan   1 18 Spencer Street Pinchos Loketch and Chana Lichtenstein No No Refinance No    
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio Carlos Ulloa, Debra Corchia, Daniel Statlander and James Capirio No No Recapitalization; Acquisition      
24.01 Property 77 1 Boardwalk @ 18th         No    
24.02 Property   1 Fountains Center         No    
24.03 Property 78 1 City National Park         No    
24.04 Property 79, 80 1 Grove Centre         No    
25 Loan 9, 81 3 Cabinetworks Portfolio AG Net Lease IV (Q) Corp., AG Net Lease IV Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P. No No Acquisition      
25.01 Property   1 15535 South State Avenue         No    
25.02 Property   1 150 Grand Valley Avenue         No    
25.03 Property   1 16052 Industrial Parkway         No    
26 Loan 82, 83 1 Live Nation Downtown LA David Bolour, David Bolour, as Co-Trustee for the OAL Trust dated January 31, 2011, Arezou Derghoff, as Co-Trustee for the OAL Trust dated January 31, 2011, David Dolour, as Co-Trustee for the JLL Trust dated January 31, 2011, Negin Dolour, as Co-Trustee for the JLL Trust dated January 31, 2011, Negin Dolour, as Co-Trustee for the IAB Trust dated August 5, 2011 and Arezou Derghoff, as Co-Trustee for the IAD Trust dated August 5, 2011 No No Refinance No    
27 Loan   6 Kokot Portfolio Arthur Kokot No No Refinance      
27.01 Property   1 638-640 East 14th Street         No    
27.02 Property   1 217 East 22nd Street         No    
27.03 Property   1 239 West 15th Street         No    
27.04 Property   1 106 East 7th Street         No    
27.05 Property   1 426 East 77th Street         No    
27.06 Property   1 67 Saint Mark’s Place         No    
28 Loan 84 1 16-18 Squadron Boulevard Jack Wercberger No No Refinance No    
29 Loan 85, 86, 87 1 Expressway Marketplace PWD Holdings, LLC No No Refinance No    
30 Loan 88 1 7828 Georgia Avenue NW Norman Jemal No No Refinance No    
31 Loan 9, 89 1 141 Livingston Clipper Realty Inc. and Clipper Realty L.P. No No Refinance No    
32 Loan   1 2233 Nostrand Avenue Joel Wertzberger, Allan Lebovits and Jacob Tambor No Yes Refinance Yes    
33 Loan 90 3 Birmingham Mixed Use Portfolio Hunter Renfroe and John Boone No No Refinance      
33.01 Property   1 2014 Morris Avenue         Yes    
33.02 Property   1 209 41st Street South         Yes    
33.03 Property   1 1024 20th Street South         Yes    
34 Loan 91 1 1111 Southern Minerals Road Avery Capital Real Estate Fund I, LP No No Acquisition No    
35 Loan 9, 92 1 At Home - Willow Grove Ronald J. Oehl No No Recapitalization No    
36 Loan   4 VanWest MI Portfolio Wade A. Buxton, Jacob A. Vanderslice and Aaron M. Westphal No No Acquisition      
36.01 Property   1 Shelby         No    
36.02 Property   1 Warren         No    
36.03 Property   1 Rockford         No    
36.04 Property   1 Belmont         No    
37 Loan   2 Teel Plastics Portfolio LCN North American Fund III REIT No No Acquisition      
37.01 Property   1 1060 Teel Court         Yes    
37.02 Property   1 426 Hitchcock Street         Yes    
38 Loan   1 Signal Hill Gateway William S. Russell No No Acquisition No    
39 Loan 93 1 Rouzan Marketplace Spinosa Class Trust, CJS Trust and Joseph T. Spinosa No No Refinance No    
40 Loan   1 Radiance Technologies Allan Adelson No No Acquisition No    
41 Loan   1 475 Grand Street Joel Schwartz No No Refinance Yes    
42 Loan 94, 95 3 Mile High Multifamily Portfolio Maximo Juda No No Recapitalization      
42.01 Property   1 Sunrise Apartments         No    
42.02 Property   1 Olive Tree Apartments         No    
42.03 Property   1 Tangiers Apartments         No    
43 Loan 96 1 Mid Cape Flex Douglas Hannah No No Refinance No    
44 Loan 97 1 500 W Superior McLinden Holdings, L.L.C., Jane Slaven, Trustee of the Jane Slaven Revocable Trust No No Refinance No    
45 Loan   1 PDX Front Ave Industrial Bradley Boland Sr. and Dorinda Boland No No Refinance No    
46 Loan   1 2517 North Ontario Shahram Fahimian No Yes Acquisition No    
47 Loan 98 1 4 Storage - Red Lion Susan E. T. Petrone and SETP Revocable Trust No No Refinance No    

A-1-17

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($)
                                 
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point 370,000,000 0 750,000,000 450,379,085 0 29,007,553 122,730,124 147,883,238 0 750,000,000 NAP NAP
                                 
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office 12,500,000 0 115,000,000 99,806,719 0 2,197,462 1,028,241 11,967,578 0 115,000,000 NAP NAP
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle 220,100,000 0 607,433,823 0 579,386,461 6,053,175 21,994,186 0 0 607,433,823 NAP NAP
4 Loan 26 1 4800-4900 Fournace Place 0 0 56,500,000 27,710,502 0 498,471 2,605,230 25,685,797 0 56,500,000 NAP NAP
                                 
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue 114,400,000 0 352,882,061 350,000,000 0 2,562,133 319,928 0 0 352,882,061 NAP NAP
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point 30,540,000 0 291,719,814 0 281,850,000 894,772 8,975,042 0 0 291,719,814 NAP NAP
7 Loan 40 1 2600 El Camino Real 0 0 46,350,000 32,987,313 0 274,169 2,979,976 10,108,542 0 46,350,000 NAP NAP
8 Loan 41 1 175 Progress Place 0 0 46,000,000 37,000,533 0 787,711 2,939,318 5,272,438 0 46,000,000 NAP NAP
9 Loan 42, 43 1 Boston Scientific 0 0 39,725,850 0 0 279,706 0 39,446,144 0 39,725,850 NAP NAP
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus 0 0 82,690,492 0 75,000,000 888,441 6,802,051 0 0 82,690,492 NAP NAP
11 Loan 47 1 2501 Seaport 0 0 34,000,000 12,952,461 0 3,271,255 1,446,798 16,329,485 0 34,000,000 NAP NAP
12 Loan 48, 49, 50, 51 1 100 Bradley 0 0 32,500,000 7,017,496 0 876,345 1,143,288 23,462,871 0 32,500,000 NAP NAP
13 Loan 52 1 618 Bushwick 0 0 30,000,000 25,551,553 0 2,695,998 51,237 1,701,212 0 30,000,000 NAP NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center 0 1,708,605 47,094,986 0 45,000,000 1,166,376 928,610 0 0 47,094,986 NAP NAP
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 0 0 71,131,104 64,753,928 0 1,267,282 5,109,895 0 0 71,131,104 NAP NAP
16 Loan   1 Nautica Pointe                     NAP NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers                     NAP NAP
17.01 Property   1 Galleria Tower I                     NAP NAP
17.02 Property   1 Galleria Tower II                     NAP NAP
17.03 Property   1 Galleria Financial Center                     NAP NAP
18 Loan 65 1 GE Aviation New Hampshire                     NAP NAP
19 Loan 66, 67, 68 1 2000 Collins Avenue                     NAP NAP
20 Loan 9, 69 10 U.S. Industrial Portfolio VI                     NAP NAP
20.01 Property   1 True Value                     NAP NAP
20.02 Property   1 Belnick                     NAP NAP
20.03 Property   1 Tufco - 3161 South Ridge Road                     NAP NAP
20.04 Property   1 Pro Con - 109 Maplewood Drive                     NAP NAP
20.05 Property   1 Total Logistics                     NAP NAP
20.06 Property   1 Pro Con - 2441 East Glendale Avenue                     NAP NAP
20.07 Property   1 Amaray                     NAP NAP
20.08 Property   1 Pro Con - 2430 East Glendale Avenue                     NAP NAP
20.09 Property 70 1 Tufco - 1205 Burris Road                     NAP NAP
20.10 Property   1 Tufco - 1055 Parkview Road                     NAP NAP
21 Loan 9, 71, 72 1 JW Marriott Nashville                     7/1/2048 295.53
                                 
22 Loan 73 1 The Promontory                     NAP NAP
23 Loan   1 18 Spencer Street                     NAP NAP
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio                     NAP NAP
24.01 Property 77 1 Boardwalk @ 18th                     NAP NAP
24.02 Property   1 Fountains Center                     NAP NAP
24.03 Property 78 1 City National Park                     NAP NAP
24.04 Property 79, 80 1 Grove Centre                     NAP NAP
25 Loan 9, 81 3 Cabinetworks Portfolio                     NAP NAP
25.01 Property   1 15535 South State Avenue                     NAP NAP
25.02 Property   1 150 Grand Valley Avenue                     NAP NAP
25.03 Property   1 16052 Industrial Parkway                     NAP NAP
26 Loan 82, 83 1 Live Nation Downtown LA                     NAP NAP
27 Loan   6 Kokot Portfolio                     NAP NAP
27.01 Property   1 638-640 East 14th Street                     NAP NAP
27.02 Property   1 217 East 22nd Street                     NAP NAP
27.03 Property   1 239 West 15th Street                     NAP NAP
27.04 Property   1 106 East 7th Street                     NAP NAP
27.05 Property   1 426 East 77th Street                     NAP NAP
27.06 Property   1 67 Saint Mark’s Place                     NAP NAP
28 Loan 84 1 16-18 Squadron Boulevard                     NAP NAP
29 Loan 85, 86, 87 1 Expressway Marketplace                     NAP NAP
30 Loan 88 1 7828 Georgia Avenue NW                     NAP NAP
31 Loan 9, 89 1 141 Livingston                     NAP NAP
32 Loan   1 2233 Nostrand Avenue                     NAP NAP
33 Loan 90 3 Birmingham Mixed Use Portfolio                     NAP NAP
33.01 Property   1 2014 Morris Avenue                     NAP NAP
33.02 Property   1 209 41st Street South                     NAP NAP
33.03 Property   1 1024 20th Street South                     NAP NAP
34 Loan 91 1 1111 Southern Minerals Road                     NAP NAP
35 Loan 9, 92 1 At Home - Willow Grove                     NAP NAP
36 Loan   4 VanWest MI Portfolio                     NAP NAP
36.01 Property   1 Shelby                     NAP NAP
36.02 Property   1 Warren                     NAP NAP
36.03 Property   1 Rockford                     NAP NAP
36.04 Property   1 Belmont                     NAP NAP
37 Loan   2 Teel Plastics Portfolio                     NAP NAP
37.01 Property   1 1060 Teel Court                     NAP NAP
37.02 Property   1 426 Hitchcock Street                     NAP NAP
38 Loan   1 Signal Hill Gateway                     NAP NAP
39 Loan 93 1 Rouzan Marketplace                     NAP NAP
40 Loan   1 Radiance Technologies                     NAP NAP
41 Loan   1 475 Grand Street                     NAP NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio                     NAP NAP
42.01 Property   1 Sunrise Apartments                     NAP NAP
42.02 Property   1 Olive Tree Apartments                     NAP NAP
42.03 Property   1 Tangiers Apartments                     NAP NAP
43 Loan 96 1 Mid Cape Flex                     NAP NAP
44 Loan 97 1 500 W Superior                     NAP NAP
45 Loan   1 PDX Front Ave Industrial                     NAP NAP
46 Loan   1 2517 North Ontario                     NAP NAP
47 Loan 98 1 4 Storage - Red Lion                     NAP NAP

A-1-18

 

 

BMARK 2021-B25 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                               
1 Loan 9, 10, 11, 12, 13, 14, 15, 16, 17 1 Burlingame Point NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
                               
2 Loan 9, 18, 19, 20 1 SOMA Teleco Office NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 9, 11, 21, 22, 23, 24, 25 1 Amazon Seattle NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 26 1 4800-4900 Fournace Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
                               
5 Loan 9, 11, 27, 28, 29, 30, 31, 32, 33 1 909 Third Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 9, 34, 35, 36, 37, 38, 39 1 Phillips Point NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 40 1 2600 El Camino Real NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 41 1 175 Progress Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 42, 43 1 Boston Scientific NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 9, 11, 44, 45, 46 1 1985 Marcus NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 47 1 2501 Seaport NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 48, 49, 50, 51 1 100 Bradley NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 52 1 618 Bushwick NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Amazon Campbellsville Fulfillment Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 53, 54, 55, 56 1 30 Hudson Yards 67 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan   1 Nautica Pointe NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 57, 58, 59, 60, 61, 62, 63, 64 3 The Galleria Office Towers NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.01 Property   1 Galleria Tower I NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.02 Property   1 Galleria Tower II NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.03 Property   1 Galleria Financial Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 65 1 GE Aviation New Hampshire NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 66, 67, 68 1 2000 Collins Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 9, 69 10 U.S. Industrial Portfolio VI NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.01 Property   1 True Value NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.02 Property   1 Belnick NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.03 Property   1 Tufco - 3161 South Ridge Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.04 Property   1 Pro Con - 109 Maplewood Drive NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.05 Property   1 Total Logistics NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.06 Property   1 Pro Con - 2441 East Glendale Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.07 Property   1 Amaray NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.08 Property   1 Pro Con - 2430 East Glendale Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.09 Property 70 1 Tufco - 1205 Burris Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.10 Property   1 Tufco - 1055 Parkview Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 9, 71, 72 1 JW Marriott Nashville 253.69 85.8% 211.99 39.10 18.4% 294.74 251.86 85.5% NAV NAV NAV
                               
22 Loan 73 1 The Promontory NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 18 Spencer Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 9, 74, 75, 76 4 Boca Office Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.01 Property 77 1 Boardwalk @ 18th NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.02 Property   1 Fountains Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.03 Property 78 1 City National Park NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.04 Property 79, 80 1 Grove Centre NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 9, 81 3 Cabinetworks Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25.01 Property   1 15535 South State Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25.02 Property   1 150 Grand Valley Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25.03 Property   1 16052 Industrial Parkway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 82, 83 1 Live Nation Downtown LA NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   6 Kokot Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.01 Property   1 638-640 East 14th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.02 Property   1 217 East 22nd Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.03 Property   1 239 West 15th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.04 Property   1 106 East 7th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.05 Property   1 426 East 77th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.06 Property   1 67 Saint Mark’s Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 84 1 16-18 Squadron Boulevard NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 85, 86, 87 1 Expressway Marketplace NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 88 1 7828 Georgia Avenue NW NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 9, 89 1 141 Livingston NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 2233 Nostrand Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan 90 3 Birmingham Mixed Use Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33.01 Property   1 2014 Morris Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33.02 Property   1 209 41st Street South NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33.03 Property   1 1024 20th Street South NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan 91 1 1111 Southern Minerals Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 9, 92 1 At Home - Willow Grove NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   4 VanWest MI Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 Shelby NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Warren NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.03 Property   1 Rockford NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.04 Property   1 Belmont NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   2 Teel Plastics Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37.01 Property   1 1060 Teel Court NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37.02 Property   1 426 Hitchcock Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Signal Hill Gateway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan 93 1 Rouzan Marketplace NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 Radiance Technologies NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan   1 475 Grand Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 94, 95 3 Mile High Multifamily Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42.01 Property   1 Sunrise Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42.02 Property   1 Olive Tree Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42.03 Property   1 Tangiers Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan 96 1 Mid Cape Flex NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
44 Loan 97 1 500 W Superior NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
45 Loan   1 PDX Front Ave Industrial NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
46 Loan   1 2517 North Ontario NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
47 Loan 98 1 4 Storage - Red Lion NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

A-1-19

 

Footnotes to Annex A-1
   
(1) The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.
   
(2) The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.
   
(3) The open period is inclusive of the Maturity Date or Anticipated Repayment Date.
   
(4) Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans).
   
(5) Leased Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
(6) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease.
   
(7) Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones (“QOZs”) under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.
   
(8) If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Sources: Principal’s New Cash Contribution ($)” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Sources: Principal’s New Cash Contribution ($)” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.
   
(9) The Mortgage Loan is part of a whole loan structure. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan Per Unit ($) calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, if applicable, but exclude any related Subordinate Companion Loans.
   
(10) The Burlingame Point Whole Loan was co-originated by Goldman Sachs Bank USA, DBR Investments Co. Limited and JPMorgan Chase Bank, National Association.
   
(11) The lockout period will be at least 24 payment dates beginning with and including the First Payment Date in May 2021. For the purpose of this prospectus, the assumed lockout period of 24 payment dates is based on the expected Benchmark 2021-B25 securitization closing date in April 2021. The actual lockout period may be longer.
   
(12) Commencing on the Anticipated Repayment Date, the interest rate will increase to a per annum rate equal to 200 basis points plus the greater of (x) 3.01680% (the assumed initial interest rate) or (y) the then prevailing yield on the offer side swap rate with terms most nearly approximating those having maturities as close as possible to the Final Maturity Date plus 123 basis points.
   
(13) The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated utilizing the “Hypothetical Market Value As If Stabilized” appraised value of $1,000,000,000 as of January 14, 2021, which assumes that the outstanding leasing costs, construction costs, gap rent and rent abatement are paid/accrued, and that the rent commencement date for Building 3, Building 4 and the Amenity Space is February 1, 2021. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) calculated based on the “as-is” appraised value of $900,000,000, as of January 14, 2021, are both 42.2%.

A-1-20

 

   
(14) The Burlingame Point Whole Loan documents provide the borrower with one five-day grace period in any 12-month period for any payments due on a payment date.
   
(15) The sole tenant, Facebook, has executed a lease for the Mortgaged Property and is currently building out its space, but has not yet taken occupancy or begun paying rent. It is expected that Facebook could take occupancy of each building and the Amenity Space in approximately June 2021. Facebook is expected to begin paying rent on Building 1, Building 2, Building 3, Building 4, and the Amenity Space on July 11, 2021, January 11, 2022, May 8, 2022, November 7, 2022 and November 7, 2021, respectively. In addition, Facebook has been granted a rent credit in the total amount of $7,731,750. Facebook’s lease commenced with respect to Building 1 and Building 2 in November 2020 and is expected to commence with respect to Building 3, Building 4 and the Amenity Space in April 2021. We cannot assure you that Facebook’s lease will commence, or that it will occupy its space, open for business or begin paying rent as expected or at all.
   
(16) The California State Lands Commission leases to the borrower rights of way over three parcels that are adjacent to the Burlingame Point Mortgaged Property and are expected to contain certain public improvements. If the California State Lands Commission consents, then the borrower’s leasehold interest in these rights of way will become collateral for the Burlingame Point Whole Loan. These leasehold interests were given no value for purposes of underwriting and the Appraised Value.
   
(17) The mezzanine loan was funded by Athene Annuity and Life Company. The mezzanine loan is structured with a three-year interest-only period followed by a 6.25-year fixed amortization schedule. The amortization will include a base amortization and rent step amortization component. The rent step amortization requires all future rent increases above year 1 to be used to pay down the mezzanine loan, resulting in a balloon balance of zero at the anticipated repayment date. Annual debt service for the Total Debt Underwritten NCF DSCR (x) is calculated based on the sum of (x) with respect to the Burlingame Point Whole Loan, the interest-only annual debt service and (y) with respect to the mezzanine loan, the sum of the first 12 principal and interest payments following the initial three-year interest-only period. The Total Debt Monthly Debt Service ($) is calculated as the annual debt service described above divided by 12.
   
(18) The SOMA Teleco Office Property is a 110,717 SF creative office and telecom building located at 274 Brannan Street in San Francisco, California. The SOMA Teleco Office Property consists of data center space (60,394 SF, 57.2% of underwritten base rent), office space (47,743 SF, 38.8% of underwritten base rent) and meet-me-room space (2,580 SF, 4.0% of underwritten base rent).
   
(19) The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated on the basis of the “As-is Excluding Impact of VZ Purchase Option” value of $155.0 million as of January 21, 2021, which assumes the Verizon Tenant does not exercise its option to acquire the SOMA Teleco Office Property. The appraisal concluded to an “As-is” value of $140.0 million, which factors in the Verizon Tenant’s purchase option to acquire the SOMA Teleco Office Property at a fixed purchase price of $140.0 million. MCI Communications Services LLC, one of two affiliated entities comprising the Verizon Tenant, has the option to purchase the entire Mortgaged Property for $140.0 million for (i) a 24-month period commencing on April 1, 2021, or (ii) if the full and final resolution of the litigation between landlord and Fortress SF1, LLC has not occurred prior to October 1, 2022, a six-month period commencing on the final resolution date. The “As-is” value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 73.2% for the SOMA Teleco Office Loan and a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 82.1% for the SOMA Teleco Office Whole Loan.
   
(20) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is a result of recent leasing at the SOMA Teleco Office Property including (i) the extension and expansion of the Verizon Tenant lease and (ii) the underwriting of $961,758 in straight line rent steps for the Verizon Tenant and Adyen.
   
(21) The Amazon Seattle Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of April 6, 2030 and a final maturity date of May 6, 2033. After the ARD, the interest rate will increase by 250 basis points over the greater of (x) 3.004833%, and (y) (1) the Nine-Year Swap Rate (as defined in Annex A-3 in this prospectus) in effect on the ARD plus (2) 1.357833%.
   
(22) The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated on the basis of the “Hypothetical As-is” value of $670.0 million as of March 4, 2021, which assumes the building is stabilized as of the effective date with all remaining lease-up costs for the Amazon.com Services LLC expansion space and the retail spaces paid. The appraisal concluded to an “As-is” value of $644.0 million as of March 4, 2021. The “As-is” value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 60.6% for the Amazon Seattle Whole Loan, and a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 70.7% for the Amazon Seattle Total Debt.

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(23) The TI/LC Cap ($) is equal to the product of (x) $75.00 multiplied by (y) the aggregate number of rentable SF.
   
(24) Commencing in 2015, the Mortgaged Property has undergone an extensive redevelopment from a department store to an office building by the seller of the Mortgaged Property. As of origination, certain portions of the redevelopment, consisting of the new lobby and the level one premises, together totaling 23,578 square feet (3.0% of total net rentable area), which are leased to the largest tenant, Amazon.com Services LLC, have not been completed. The Amazon.com Services LLC lease specifies required dates for (i) delivery of each phase of space in accordance with specified requirements, generally with landlord work sufficiently completed to allow for the construction of tenant’s improvements without material interference from landlord or landlord’s contractors (“Delivered”) and (ii) completion of each space in accordance with specified requirements, generally with landlord work completed and with a temporary or permanent certificate of occupancy or legal equivalent (“Completed”). Amazon.com Services LLC will be entitled to credits against its rent in the amount of one day of base rent for the applicable space for each day of delay for the first 45 days, and two days of base rent for the applicable space for each day of delay thereafter, (i) if the new lobby is not Delivered to it by November 30, 2021 (and a 90-day delivery notice has been sent to Amazon.com Services LLC with anticipated Delivery of the new lobby space by June 14, 2021), and (ii) if the new lobby is not Completed by August 15, 2021 or the level one space is not Completed by July 15, 2021. Amazon.com Services LLC has the right to terminate the new lobby space if either it is not Delivered or it is not Completed by February 28, 2022. The level one space is Delivered and no termination option remains for Delivery; however, Amazon.com Services LLC has the right to terminate the level one space if not Completed by January 31, 2022. In addition, Amazon.com Services LLC has not yet taken occupancy of its Phase III space (approximately 198,056 square feet), and has free or gap rent for various portions of its leased space through dates ranging from August 6, 2021 to February 6, 2022, which has been reserved for under the loan documents. We cannot assure you that the remaining Phase III space will be delivered as expected or at all, or that Amazon.com Services LLC will take occupancy and/or pay rent on the applicable space as expected or at all.
   
(25) Due to its designation as a historic landmark, the Mortgaged Property is also eligible to receive real estate tax credits for capital projects with qualified rehabilitation costs exceeding 25% of the current assessed value for a period of 10 years. The Mortgage Loan was underwritten based on the estimated real estate taxes in the borrower sponsor’s Year 1 Budget of $1,689,072, which is net of estimated tax credits of $1,605,470.
   
(26) The Largest Tenant, Harris Health, representing approximately 58.2% of the net rentable area, has the right to (i) terminate its lease at any time after December 31, 2027 with at least six months’ prior written notice and payment of a termination fee and (ii) contract its space by up to 25% at any time after December 31, 2023 with at least six months’ prior written notice and payment of a termination fee. In addition, Harris Health has the right to terminate its lease at any time with at least four months’ prior written notice and payment of a termination fee if its related board of trustees or the Commissioners Court of Harris County determines, in their sole discretion, not to approve funding for Harris Health’s obligations under its related lease for the upcoming lease year.
   
(27) The Largest Tenant at the 909 Third Avenue Mortgaged Property, USPS, lease expiration date is based on the assumption that USPS continues to exercise its remaining three, 5-year lease extension options through October 10, 2038. There is no assurance that USPS will in fact extend its lease through October 10, 2038 and it is not obligated to do so.
   
(28) The Appraised Value ($) of the 909 Third Avenue Mortgaged Property assumes that USPS (which has three, 5-year renewal options remaining under its lease) extends the term of its current lease through October 10, 2038. The appraiser also provided a hypothetical value of $860,000,000 ($637 per SF) with a valuation date of March 1, 2021 which assumes USPS vacates after its current lease expiration date in October 2023 (the “Appraised Value Assuming USPS Vacates in 2023”).
   
(29) The Second Largest Tenant at the 909 Third Avenue Mortgaged Property, IPG DXTRA, Inc., subleases a portion of the 20th floor and the entire 23rd, 24th and 25th floors (105,295 SF) from Allergan Sales, LLC (as successor by merger to Forest Laboratories) through January 2027.
   
(30) The Second Largest Tenant at the 909 Third Avenue Mortgaged Property, IPG DXTRA, Inc., has a one-time right to terminate its lease on November 1, 2023 with 18 months’ notice and payment of a termination fee (estimated at approximately $20.4 million). Such termination would constitute the occurrence of a Specified Tenant Trigger under the Mortgage Loan documents. In addition, IPG DXTRA, Inc. has a one-time contraction option to reduce its leased space by 20,000 SF on March 1, 2024 with 12 months’ notice with payment of a contraction fee (estimated at approximately $1.7 million).
   
(31) The Fourth Largest Tenant at the 909 Third Avenue Mortgaged Property, Geller & Company, subleases a portion of the 15th floor (9,343 SF) to Pizzarotta IBC.

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(32) The Fourth Largest Tenant at the 909 Third Avenue Mortgaged Property, Geller & Company, has the right to contract its lease for either the entirety of Floor 16 or portions thereof and either the entirety of Floor 17 or portions thereof at any time on or after April 30, 2017.
   
(33) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 909 Third Avenue Mortgaged Property can be attributed to recent leasing.
   
(34) The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated utilizing the “Hypothetical As Is” appraised value of $289,000,000 as of December 15, 2020, which assumes that an additional $6.65 million would be reserved by the borrower sponsor at origination for future tenant improvement allowances and leasing commissions. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) calculated based on the “as-is” appraised value of $282,000,000, as of December 15, 2020, are both 70.4%.
   
(35) The Phillips Point Whole Loan documents provide the borrower with one five-day grace period in any 12-month period for any payments due on a payment date (other than the maturity date).
   
(36) The Second Largest Tenant, Akerman, Senterfitt & Eidson, representing approximately 10.8% of the net rentable area, has two, one-time rights to reduce its premises and/or terminate its lease with respect to the entire premises effective October 31, 2023 or April 30, 2026, with nine months’ prior notice and payment of a reduction or termination fee.
   
(37) The Third Largest Tenant, Affiliated Managers Group (AMG), representing approximately 8.6% of the net rentable area, has executed a lease and is currently paying rent on 15,176 SF of its space, but does not occupy the space. We cannot assure you that Affiliated Managers Group (AMG) will take occupancy as expected or at all.
   
(38) The Fourth Largest Tenant, Greenberg Traurig, representing approximately 6.7% of the net rentable area, subleases 2,796 SF to Frankel Loughran Starr & Vallone LLP on a 24-month term through May 2021 at $34.00 per SF.
   
(39) On each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $6,650,000, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $18,704.
   
(40) With respect to the 2600 El Camino Real Mortgage Loan, an affiliate of the borrower, Sand Hill Property Co., is the Second Largest Tenant at the Mortgaged Property, leasing approximately 16.9% of the net rentable area at the Mortgaged Property as the headquarters for its real estate development and management firm.
   
(41) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 175 Progress Place Mortgaged Property is primarily attributable to the rent commencement of General Electric Aviation’s phase two space on May 1, 2021, contractual rent steps and potential income from vacant space.
   
(42) The Boston Scientific Loan proceeds were used to return equity to the borrower following its February 2021 acquisition of the Mortgaged Property and pay origination costs. The borrower closed on the acquisition of the Mortgaged Property for approximately $61.12 million on February 5, 2021, and when combined with closing costs of $279,706, the borrower’s remaining cash equity is approximately $21,390,829.
   
(43) The sole tenant, Boston Scientific, benefits from a 10-year tax abatement on a new office building, and other improvements at the Mortgaged Property, which is subject to clawback provisions in certain circumstances. No real estate taxes were underwritten as the sole tenant is required to pay real estate taxes under its lease.
   
(44) The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the inclusion of Integra MLTC, Inc. ($1,246,471 in underwritten base rent) and Edgeworks ($339,900 in underwritten base rent). Furthermore, the higher Underwritten Net Operating Income ($) stems from contractual rent steps taken through April 30, 2022 and the present value of contractual rent step increments over the remainder of the JPMorgan Chase and NSLIJ (Northwell) lease terms.
   
(45) The Largest Tenant, JPMorgan Chase, representing approximately 24.4% of the net rentable area, leases 55,445 SF expiring on October 31, 2030 and 20,681 SF expiring on July 31, 2025. In addition, JPMorgan Chase has the right to terminate its lease effective on May 1, 2027 with 12 months’ prior notice and payment of a termination fee. The Second Largest Tenant, Integra MLTC, Inc., representing approximately 12.3% of the net rentable area, has the right to terminate its lease effective at any time after August 31, 2028 with at least 12 months’ prior written notice. The Fifth Largest Tenant, PharMerica Corporation, representing approximately 7.2% of the net rentable area, has the right to terminate its lease effective on the last day of the 94th month following the related lease commencement date (which was on June 1, 2020) with at least 12 months’ prior written notice.

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(46) On each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than approximately $1,170,788, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $32,522.
   
(47) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 2501 Seaport Mortgaged Property is primarily attributable to contractual rent steps, and potential income from vacant space.
   
(48) The Mortgaged Property was built in 1983 and 2003, and went through renovations in phases from 2017-2018. The property contains both private art storage facilities and managed art storage facilities.
   
(49) The Mortgaged Property is comprised of 59,860 square feet of private art storage (which is approximately 82.0% leased as of the March 12, 2021 appraisal), 474,352 cubic feet of managed art storage (which is approximately 43.5% leased as of the March 12, 2021 appraisal) and a 600 square foot viewing room. The Number of Units represents the total SF of net rentable area. Occupancy of 83.7% represents the occupancy percentage for the private storage space (measured in SF). The managed storage space is measured in cubic feet and as of the January 19, 2021 underwritten rent roll, is 43.1% leased.
   
(50) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is a result of additional lease up and stabilization of the Mortgaged Property. Since November 2019, approximately 28 leases totaling 11,395 SF (approximately 19.0% of private storage net rentable area) have been signed at rents of between $36.58 PSF and $90.49 PSF, compared to rents when the Mortgaged Property first began lease up in March 2017 at $39.05 PSF. In addition, the borrower initially had a ground leasehold interest in the Mortgaged Property, but purchased the fee interest as part of a 1031 exchange in December 2020. As of the trailing 12-month period ending on November 30, 2020, the ground lease expense was $762,275.
   
(51) At origination, the borrower deposited an amount of $213,011 into a Fortress Reimbursement Reserve to be held as additional collateral for the loan and to be disbursed to the borrower in order to reimburse an affiliate for payments made under a profit sharing arrangement related to the transfer to the Mortgaged Property of art storage tenants from a Fortress art storage facility.
   
(52) The borrower benefits from a partial tax exemption pursuant to Section 421-a under the Affordable New York Housing Program, Option C (the “421-a Exemption Program”). Pursuant to the 421-a Exemption Program, 64 units are rent stabilized and, of the 64 rent stabilized units, 34 are considered “Market Rate (RS)” and 30 are rent stabilized into perpetuity as a part of the program. The 421-a Exemption Program commenced in 2017 and is scheduled to expire in 2052. During the term of the Mortgage Loan, the amount of annual tax savings from 421-a ranges from $597,249, representing approximately 88% tax savings (2020/21 tax year), to $748,638, representing approximately 87% tax savings (2027/28 tax year). The real estate taxes were underwritten based on the abated tax amount. Please see “Descriptions of the Mortgage Pool—Real Estate and Other Tax Considerations” and “Description of the Mortgage Pool—Mortgage Pool Characteristics—Property Types—Mixed-Use Properties” in this prospectus for additional information.
   
(53) The Appraised Value ($),Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity / ARD (%) are based on the “Hypothetical Value: Escrow Tenant Improvements” of $110,000,000 effective February 1, 2021, which assumes that the outstanding tenant improvement costs of $4,799,293 associated with the existing lease will be placed into an escrow account. On the Origination Date, the borrower reserved $4,799,293 for outstanding tenant improvements and leasing commissions. Based on the “As-Is” appraised value of $105,000,000 effective February 1, 2021, the Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity / ARD (%) are 67.6%.
   
(54) The borrower owns the fee interest in the Mortgaged Property. However, to obtain the New York City real estate tax exemption and the payment-in-lieu of taxes (“PILOT”) benefits, the borrower has leased the Mortgaged Property to the New York City Industrial Development Agency, which has subleased the Mortgaged Property back to the borrower under an agency lease, which obligates borrower to make PILOT payments. The PILOT commenced in the 2019/20 tax year and is scheduled to expire after the tax year 2038/39. The real estate taxes were underwritten based on the abated tax amount. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this prospectus for additional information.
   
(55) The related Mortgaged Property is subject to a condominium declaration that governs eight condominium units. The borrower is entitled to approximately 1.6% of voting rights and does not have control of the condominium board or any blocking rights with respect to for certain major decisions, such as unit removals and use of proceeds in connection with casualty or condemnation proceedings. However, the condominium policy prohibits implementation of any policies that would have disproportionately negative impacts any unit owners. In addition, the borrower has provided a non-recourse carveout for any losses associated with, among other things, the withdrawal of the unit comprising the mortgaged property from the condominium regime or termination of the

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  condominium regime. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” in this prospectus for additional information.
   
(56) Related Companies L.P., the sole tenant at the mortgaged property with a lease expiration date of February 28, 2039, is subleasing its entire premises to Facebook, Inc. whose sublease expires in June 30, 2024.
   
(57) The Galleria Office Towers mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc. and JPMorgan Chase Bank, National Association.
   
(58) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Galleria Financial Center Mortgaged Property is primarily attributable to the inclusion of potential income from vacant space, which was underwritten per the appraiser’s concluded market rent for each vacant space.
   
(59) The Galleria Office Towers Mortgaged Properties are subject to a condominium regime with six total condominium units (for all purposes under the condominium documents), three of which constitute the entirety of the collateral, and three of which are not part of the collateral. There are six board seats, and the borrower is allocated three of the board seats. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” in this prospectus for additional information.
   
(60) The Largest Tenant at the Galleria Tower II Mortgaged Property, Quanta Services, subleases 56,345 SF from Panhandle Eastern Pipe Line Company, L.P.
   
(61) The Second Largest Tenant at the Galleria Financial Center Mortgaged Property, Southwest Risk, LP, subleases 7,775 SF to Big Data Energy Services, Inc.
   
(62) The Second Largest Tenant at the Galleria Tower I Mortgaged Property, Citigroup Technology has a one-time right to terminate either 100.0% or up to 50.0% of its space on June 30, 2025 upon 12 months’ written notice to the landlord and payment of an early termination fee.
   
(63) The Third Largest Tenant at the Galleria Tower II Mortgaged Property, Kane Russell Coleman & Logan PC, subleases 18,687 SF from Panhandle Eastern Pipe Line Company, L.P.
   
(64) The Fourth Largest Tenant at the Galleria Tower I Mortgaged Property, BKD, LLP, has a one-time right to contract up to the entirety of the 14th floor (9,440 SF) effective as of April 30, 2024.
   
(65) On each payment date during a Trigger Period or Event of Default and, in any event, beginning on the payment date in May 2026, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to $13,122.
   
(66) For every 12 month period, the borrower has a one-time 5-day Grace Period to cure an event of default caused by the failure to pay the Monthly Debt Service (IO) ($) or deposit into the reserve funds, provided that the lender is not required to provide notice of such delinquent payments.
   
(67) The Most Recent EGI ($) and the Most Recent NOI ($) are based on contractual rents and do not reflect rent abatements and/or deferrals that were actually granted in connection with COVID-19.
   
(68) Jones Lange LaSalle Americas, Inc. is the sub-property manager of the Mortgaged Property.
   
(69) The Replacement Reserve Cap ($) is equal to the product of (x) $0.10 multiplied by (y) the aggregate number of rentable SF then contained in the mortgaged properties multiplied by (z) three. The TI/LC Cap ($) is equal to the product of (x) $0.20 multiplied by (y) the aggregate number of rentable SF then contained in the mortgaged properties multiplied by (z) three. As of the Cut-off Date, the aggregate number of rentable SF is 2,981,955.
   
(70) The sole tenant, Tufco, is currently dark. Tufco is expected to continue paying full rent until the end of its lease term in July 2037. We cannot assure you that Tufco will continue paying rent as expected or at all.
   
(71) The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to underwriting stabilized hotel operations pre-COVID-19 as of the trailing 12-month period ending on January 31, 2020. The latest trailing 12-month period ending on March 31, 2021 reflects the months heavily impacted by COVID-19. Additionally, the borrower sponsor has posted an 18-month debt service reserve equal to $8,831,707, which will be applied to monthly debt service payments through March 2022.
   
(72) The Monthly Replacement / FF&E Reserve ($) is an FF&E reserve in an amount equal to (i) for the payment dates through and including July 2023, 3% of the gross revenues of the mortgaged property for the prior calendar month and (ii) thereafter, 4% of the gross revenues of the mortgaged property for the prior calendar month.

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(73) The Mortgage Loan documents limit the fees, costs and expenses to be paid or reimbursed by the borrower in connection with the review and approval or disapproval of each disbursement request for disbursements of the replacement reserve funds, rollover funds and required repair funds to $500 (excluding joint check fees).
   
(74) The Boca Office Portfolio mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc. and Bank of America, N.A.
   
(75) The Appraised Value ($) represents the “portfolio appraised value”, which attributes a premium to the aggregate value of the mortgaged properties as a whole. Based on the sum of the individual appraised values of the mortgaged properties, the Appraised Value would be $150,700,000, which results in a Mortgage Loan Cut-off Date LTV Ratio (%) and Mortgage Loan LTV Ratio at Maturity / ARD (%) of 65.7%.
   
(76) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Boca Office Portfolio Mortgaged Properties is primarily attributable to unrealized rent accounting for new tenants occupying space, rent abatement expiration, contractual rent steps, and potential income from vacant space.
   
(77) The Second Largest Tenant at the Boardwalk @ 18th Mortgaged Property, Carraba’s Tropical Coast, commencing May 1, 2021, if sales from the mortgaged property fall below $2,500,000 for the prior trailing twelve-month period, may terminate its lease by written notice to landlord. The lease will terminate 30 days after tenant’s exercise of the early termination option.
   
(78) The Fourth Largest Tenant at the City National Park Mortgaged Property, Harbinger Capital Group, will have the right to terminate its lease on 60 days prior notice to the landlord.
   
(79) The Second Largest Tenant at the Grove Centre Mortgaged Property, Kabbalah Center, the landlord agrees that no part of the center and no part of the mortgaged property will be used for a spiritual center, or religious institution or any other similar type of business service and landlord will not execute any lease in the center or within any part of the mortgaged property permitting the same. A violation of this provision will constitute material default of landlord entitling the tenant to all rights and remedies at law and in equity including injunctive relief, and the unilateral right of the tenant to terminate its lease, upon 10 days’ written notice to landlord.
   
(80) The Fourth Largest Tenant at the Grove Centre Mortgaged Property, Sequoia Insurance, may return Suite 313 (1,393 SF) by giving landlord at least 6 months’ prior written notice and by paying the cost of closing the doorway between the adjoining suites. The tenant must also forfeit $3,500 of their security deposit.
   
(81) The Replacement Reserve Cap ($) is calculated as the product of (x) $0.20 times (y) the aggregate number of rentable SF then contained in the mortgaged properties. The TI/LC Cap ($) is calculated as the product of (x) $1.00 times (y) the aggregate number of rentable SF then contained in the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable SF is 1,528,894.
   
(82) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Live Nation Downtown LA Mortgaged Property is primarily attributable to underwriting stabilized operations pre-COVID-19. The loan is also structured with an upfront debt service reserve of $790,833.
   
(83) In March 2020, the sole tenant, Live Nation Worldwide, went dark and failed to make the rent payment due in April 2020. On or about April 6, 2020, the lender delivered a notice to the borrower regarding the occurrence of a specified tenant trigger period arising under the Mortgage Loan documents due to Live Nation Worldwide suspending operations and failing to pay the rent due in April 2020. The borrower thereafter failed to make the debt service payment due in April 2020. On April 30, 2020 the lender, borrower and related guarantor entered into a side letter agreement whereby the lender agreed, notwithstanding the existence of a trigger period, to disburse debt service reserve funds to the borrower on a one-time basis for the payment of the debt service due in April 2020. The side letter agreement also permitted the borrower to enter into a lease amendment with Live Nation Worldwide pursuant to which an upstream entity of the tenant, Live Nation Entertainment, Inc., would provide a guaranty of the related lease in exchange for: (i) a waiver of the obligation of Live Nation Worldwide to make the unpaid April 2020 rent payment to the borrower, (ii) a rent abatement in the amount of approximately $420,000 through October 2020, and (iii) a reduction of monthly base rent from $148,000 to $140,000. The Live Nation Downtown LA Mortgage Loan is currently in a cash flow trigger due to both (x) Live Nation Worldwide being dark in its space and (y) Live Nation Entertainment, Inc., which at the time of origination was rated Ba3/BB by S&P/Moody’s, being downgraded two notches below the minimum credit rating of BB-/Ba3 to its current rating of B2/B+. There may be other defaults, events of defaults and/or additional trigger periods and specified tenant trigger periods under the related Live Nation Downtown LA Mortgage Loan that may now or hereafter exist, but, as of the Closing Date, the lender has not exercised any of its remedies with respect thereto.

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(84) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 16-18 Squadron Boulevard Mortgaged Property is primarily attributable to contractual rents from 11 tenants occupying 99.3% of NRA, contractual rent steps and potential income from vacant space.
   
(85) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is a result of (i) annual rent steps and (ii) tenants paying full unabated rent and recoveries with COVID related rent modifications burning off.
   
(86) Pursuant to a lease executed March 3, 2021, Art’s Place (Suite 563 A & B) minimum guaranteed rental is abated 50% over the following 12 months, followed by an additional 18 months abated at 25%. At origination, the borrower deposited $84,341.25 into a free rent reserve for the Art’s Place rent abatement, which will be released monthly to replicate the abated amounts.
   
(87) With respect to the Big Lots Extension Funds, the borrower is required to deposit monthly with the lender on the monthly payment dates occurring in May 2025 through July 2025 an amount equal to $60,000.
   
(88) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 7828 Georgia Avenue NW Mortgaged Property is primarily attributable to underwriting base rent two tenants in occupancy and two executed leases for tenants that had not opened for business or commenced rent payment, contractual rent steps and potential income from vacant space. The lender has reserved $165,316 in gap rent from the closing date to the projected rent commencement dates.
   
(89) The lockout period will be at least 25 payment dates beginning with and including the first payment date in April 2021. Defeasance of the 141 Livingston 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) February 18, 2025. The assumed defeasance lockout period of 25 payment dates is based on the expected Benchmark 2021-B25 securitization closing date in April 2021. The actual lockout period may be longer.
   
(90) The property consists of 20,501 SF (50.4% of total NRA) of office space and 20,144 (49.6% of total NRA) of retail space.
   
(91) With respect to the sole tenant at the Mortgaged Property, in connection with the acquisition of the Mortgaged Property by the borrower and as required by the General Services Administration of the United States (“GSA”), the borrower is in the process of seeking the GSA-required novation agreement, pursuant to which GSA would formally recognize the borrower as the new owner of the Mortgaged Property. The lease is currently in the name of the previous owner, which has assigned its rights as landlord to the borrower. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations” in this prospectus for additional information.
   
(92) With respect to the At Home - Willow Grove Mortgage Loan, the Annual Debt Service (P&I) ($) is calculated based on the sum of the first 12 principal and interest payments following the Cut-off Date based on the non-standard amortization schedule set forth on Annex H-1 in this prospectus. Monthly Debt Service (P&I) ($) is calculated as 1/12 of the Annual Debt Service (P&I) ($). At origination, the At Home - Willow Grove Mortgage Loan required payments of interest and principal sufficient to amortize the loan over a 30-year amortization schedule following a one-year interest only period. As of April 6, 2021, the At Home - Willow Grove Mortgage Loan was modified into an A/B structure and all scheduled amortization due to the B Note will be directed to hyper-amortize the A Note over a 324-month amortization schedule set forth on Annex H-1 in this prospectus. See Annex H-1 and Annex H-2 in this prospectus for the related At Home - Willow Grove Mortgage Loan and Subordinate Companion Loan amortization schedules.
   
(93) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Rouzan Marketplace Mortgaged Property is primarily attributable to recent leasing activity.
   
(94) One of the Mortgaged Properties, the Olive Tree Apartments Mortgaged Property, is subject to low-income housing restrictions in connection with Low Income Housing Tax Credits as established by a recorded Low-Income Tax Credit Land Use Restriction Agreement (the “Agreement”) by and between Olive Tree Building LLC, one of the borrowers, and the Colorado Housing and Finance Authority. Under the Agreement, there remain a three-year restriction on evictions other than for good cause and a restriction against increasing the gross rent above the maximum allowed with respect to low-income units (the “Restrictions”). The Agreement and the Restrictions will expire in 2024. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this prospectus for additional information.
   
(95) The requirement under the Mortgage Loan documents for the borrower to establish the Lockbox and the Cash Management may be triggered by, among other triggers, the net cash flow with respect to the Mortgaged Property based on the trailing three-month period immediately preceding the date of such determination declining by (i) from the Origination Date through and including the Payment Due Date occurring in April 2026, 30% or greater

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  from the net cash flow on the Origination Date (i.e. to, or below, $493,010.00), or (ii) from and including the Payment Due Date occurring in May 2026 through and including the Maturity Date or Anticipated Repayment Date, 20% or greater from the net cash flow on the Origination Date (i.e. to, or below, $563,440.00).
   
(96) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Mid Cape Flex Mortgaged Property is primarily attributable to in-place contractual rents, rent steps and potential income from vacant space.
   
(97) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 500 W Superior Mortgaged Property is primarily attributable to in-place contractual rents as of the underwriting date.
   
(98) The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 4 Storage - Red Lion Mortgaged Property is primarily attributable to an increase in-place contractual rents and a decrease in personnel expenses.

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