FWP 1 n2510_x2anx1.htm FREE WRITING PROSPECTUS

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This material was prepared by sales, trading, banking or other non-research personnel of one of the following: Morgan Stanley & Co. LLC, Morgan Stanley & Co. International Limited, Morgan Stanley Japan Limited and/or Morgan Stanley Dean Witter Asia Limited (together with their affiliates, hereinafter “Morgan Stanley”), KeyBanc Capital Markets Inc. (together with its affiliates, “KeyBanc”), Barclays Capital Inc. (together with its affiliates, “Barclays Capital”), Siebert Williams Shank & Co., LLC (together with its affiliates, “Siebert Williams”) and AmeriVet Securities, Inc. (together with its affiliates, “AmeriVet” and, collectively with Morgan Stanley, KeyBanc, Barclays Capital and Siebert Williams, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms.

 

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THE DISTRIBUTION OF THIS MATERIAL (A) IF MADE BY A PERSON WHO IS NOT AN AUTHORIZED PERSON UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”), IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “FINANCIAL PROMOTION ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) THROUGH (D) (“HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.”) OF THE FINANCIAL PROMOTION ORDER, OR (IV) ARE PERSONS TO WHOM THIS MATERIAL MAY OTHERWISE LAWFULLY BE COMMUNICATED OR DIRECTED; AND (B) IF MADE BY A PERSON WHO IS AN AUTHORIZED PERSON UNDER THE FSMA, IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE OF PARTICIPATING IN UNREGULATED SCHEMES (AS DEFINED FOR PURPOSES OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (PROMOTION OF COLLECTIVE INVESTMENT SCHEMES) (EXEMPTIONS) ORDER 2001 (AS AMENDED, THE “PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER”)) AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 14(5) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (III) ARE PERSONS FALLING WITHIN ARTICLE 22(2)(A) THROUGH (D) (“HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.”) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (IV) ARE PERSONS TO WHOM THE ISSUING ENTITY MAY LAWFULLY BE PROMOTED IN ACCORDANCE WITH SECTION 4.12 OF THE FCA HANDBOOK CONDUCT OF BUSINESS SOURCEBOOK.

 

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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name % of Initial
Pool Balance
Mortgage
Loan
Originator(1)
Mortgage
Loan Seller(1)
Original
Balance
Cut-off Date
Balance
Maturity/ARD
Balance
Cut-off Date
Balance per SF/
Units/Rooms/Pads/Beds
Loan Purpose Sponsor
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio 8.0%    AREF AREF $65,000,000 $65,000,000 $65,000,000 $130.25 Recapitalization NexPoint Storage Partners, Inc.; NexPoint Storage Partners Operating Company, LLC
Property   1.01 Extra Space Brickell 1.6%    AREF AREF $12,930,000 $12,930,000 $12,930,000      
Property   1.02 Extra Space Ocoee 1.3%    AREF AREF $10,391,000 $10,391,000 $10,391,000      
Property   1.03 Extra Space West Doral 1.3%    AREF AREF $10,383,000 $10,383,000 $10,383,000      
Property   1.04 Extra Space Coconut Grove 1.1%    AREF AREF $8,665,000 $8,665,000 $8,665,000      
Property   1.05 Extra Space Alpharetta 1.0%    AREF AREF $8,312,000 $8,312,000 $8,312,000      
Property   1.06 Extra Space Fleming Island 0.9%    AREF AREF $7,637,000 $7,637,000 $7,637,000      
Property   1.07 Extra Space Marietta 0.8%    AREF AREF $6,682,000 $6,682,000 $6,682,000      
Loan 11, 12 2 215 Coles Street 7.3%    SMC SMC $60,000,000 $60,000,000 $60,000,000 $78.95 Refinance Moishe Mana
Loan 6, 7, 9 3 Ahold Portfolio 5.3%    KeyBank KeyBank $42,930,000 $42,930,000 $42,930,000 $168.77 Acquisition Inland Private Capital Corporation
Property   3.01 Stop & Shop - South Yarmouth 1.8%    KeyBank KeyBank $14,995,000 $14,995,000 $14,995,000      
Property   3.02 Stop & Shop - Peabody 1.2%    KeyBank KeyBank $9,711,635 $9,711,635 $9,711,635      
Property   3.03 Stop & Shop - Arlington 1.2%    KeyBank KeyBank $9,711,635 $9,711,635 $9,711,635      
Property   3.04 Stop & Shop - Lexington 1.0%    KeyBank KeyBank $8,511,730 $8,511,730 $8,511,730      
Loan 6, 9 4 NOLA Logistics Portfolio 4.7%    SMC SMC $38,000,000 $38,000,000 $38,000,000 $63.92 Refinance Sidhartha Singh
Property   4.01 115 Canvasback Drive 0.5%    SMC SMC $4,139,085 $4,139,085 $4,139,085      
Property   4.02 150 Teal Street 0.4%    SMC SMC $3,422,752 $3,422,752 $3,422,752      
Property   4.03 120 Mallard Street 0.4%    SMC SMC $3,421,218 $3,421,218 $3,421,218      
Property   4.04 110 Widgeon Drive 0.4%    SMC SMC $3,183,420 $3,183,420 $3,183,420      
Property   4.05 150 James Drive East 0.4%    SMC SMC $3,149,860 $3,149,860 $3,149,860      
Property   4.06 161 James Drive West 0.4%    SMC SMC $3,034,733 $3,034,733 $3,034,733      
Property   4.07 100 James Drive 0.3%    SMC SMC $2,752,252 $2,752,252 $2,752,252      
Property   4.08 150 Canvasback Drive 0.3%    SMC SMC $2,588,926 $2,588,926 $2,588,926      
Property   4.09 125 James Drive West 0.3%    SMC SMC $2,473,351 $2,473,351 $2,473,351      
Property   4.10 190 James Drive East 0.3%    SMC SMC $2,324,088 $2,324,088 $2,324,088      
Property   4.11 160 James Drive East 0.2%    SMC SMC $1,647,452 $1,647,452 $1,647,452      
Property   4.12 107 Mallard Street 0.2%    SMC SMC $1,498,125 $1,498,125 $1,498,125      
Property   4.13 125 Mallard Street 0.2%    SMC SMC $1,498,125 $1,498,125 $1,498,125      
Property   4.14 143 Mallard Street 0.2%    SMC SMC $1,498,125 $1,498,125 $1,498,125      
Property   4.15 115 James Drive West 0.2%    SMC SMC $1,368,487 $1,368,487 $1,368,487      
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay 4.4%    Barclays Barclays $36,347,000 $36,347,000 $36,347,000 $167,644.65 Acquisition BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP
Property   5.01 MGM Grand 2.4%    Barclays Barclays $19,809,115 $19,809,115 $19,809,115      
Property   5.02 Mandalay Bay 2.0%    Barclays Barclays $16,537,885 $16,537,885 $16,537,885      
Loan 17 6 Lullwater at Blair Stone 3.8%    Barclays Barclays $31,360,000 $31,360,000 $31,360,000 $128,524.59 Acquisition John E. Carter; Robert Dallas Whitaker, Jr.; Gael Ragone; Ray Hutchinson; Carter Exchange Fund Management Company, LLC
Loan   7 Woods on LaMonte 3.7%    MSBNA MSMCH $29,835,000 $29,835,000 $29,835,000 $56,186.44 Refinance American Realty Investors
Loan   8 Olympus Corporate Center 3.1%    KeyBank KeyBank $25,500,000 $25,500,000 $23,022,007 $129.79 Acquisition Jeff Pori
Loan   9 The District - Airpark 3.1%    MSBNA MSMCH $25,400,000 $25,400,000 $25,400,000 $177.95 Refinance K2H Ltd.
Loan   10 Allied Plaza 2.5%    SMC SMC $20,500,000 $20,500,000 $20,500,000 $142.31 Refinance Andrew Getz; John Hahn; William Allen; Christopher H. Locke
Loan 6 11 Central Canal Company Industrial Portfolio 2.4%    SMC SMC $20,000,000 $20,000,000 $20,000,000 $50.87 Refinance Gerald Askowitz
Property   11.01 Venture & Forsyth 1.1%    SMC SMC $8,816,936 $8,816,936 $8,816,936      
Property   11.02 Carter I & II 0.4%    SMC SMC $3,536,737 $3,536,737 $3,536,737      
Property   11.03 Northstar Business Park 0.4%    SMC SMC $3,212,951 $3,212,951 $3,212,951      
Property   11.04 Michigan I & II 0.2%    SMC SMC $1,942,715 $1,942,715 $1,942,715      
Property   11.05 Taft Vineland 0.2%    SMC SMC $1,843,088 $1,843,088 $1,843,088      
Property   11.06 Lyman Road 0.1%    SMC SMC $647,572 $647,572 $647,572      
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio 2.4%    SMC SMC $19,769,000 $19,769,000 $17,069,472 $191.04 Refinance Abraham Brach
Property   12.01 Hauppauge Office Park 1.8%    SMC SMC $14,754,573 $14,754,573 $12,739,783      
Property   12.02 20 Commerce 0.6%    SMC SMC $5,014,427 $5,014,427 $4,329,689      
Loan 20 13 12510 & 12600 Cardinal Meadow 2.0%    MSBNA MSMCH $16,560,000 $16,537,914 $13,388,066 $60.53 Refinance Jugalkishore K. Malani; Malani FLP, Ltd.
Loan 8 14 Sunrise Corporate Plaza I 2.0%    KeyBank KeyBank $16,250,000 $16,250,000 $16,250,000 $151.44 Acquisition Andrew L. Hananel; Richard A. Hadar; Jason A. Isaacson; Josh J. Procacci
Loan   15 Colonnades West 1.9%    KeyBank KeyBank $15,509,000 $15,509,000 $15,509,000 $113.97 Acquisition Robert Berger; Richard Glickman; NUUSCO Inc.
Loan   16 LA Creative Industrial Portfolio 1.9%    SMC SMC $15,250,000 $15,250,000 $15,250,000 $105.65 Refinance Tal Hassid
Loan   17 Frankfort Crossing 1.8%    MSBNA MSMCH $14,600,000 $14,600,000 $13,148,602 $127.47 Acquisition Mahesh Amin; Meeta Amin; Mark Cunningham
Loan 6, 9 18 East Boston Multifamily Portfolio 1 1.8%    SMC SMC $14,400,000 $14,400,000 $14,400,000 $261,818.18 Refinance John McGrail
Property   18.01 298-300 Meridian Street 0.4%    SMC SMC $3,378,631 $3,378,631 $3,378,631      
Property   18.02 151-153 Meridian Street 0.2%    SMC SMC $1,400,436 $1,400,436 $1,400,436      
Property   18.03 108-110 Meridian Street 0.2%    SMC SMC $1,375,316 $1,375,316 $1,375,316      
Property   18.04 144-146 Chester Avenue 0.1%    SMC SMC $1,042,477 $1,042,477 $1,042,477      
Property   18.05 236 Princeton Street 0.1%    SMC SMC $854,078 $854,078 $854,078      
Property   18.06 346 Chelsea Street 0.1%    SMC SMC $766,158 $766,158 $766,158      
Property   18.07 151 Saratoga Street 0.1%    SMC SMC $766,158 $766,158 $766,158      
Property   18.08 17 Morris Street 0.1%    SMC SMC $741,038 $741,038 $741,038      
Property   18.09 8 Curtis Street 0.1%    SMC SMC $728,478 $728,478 $728,478      
Property   18.10 329 Paris Street 0.1%    SMC SMC $709,638 $709,638 $709,638      
Property   18.11 187 Maverick Street 0.1%    SMC SMC $684,518 $684,518 $684,518      
Property   18.12 62 Chelsea Street 0.1%    SMC SMC $653,118 $653,118 $653,118      
Property   18.13 26 Decatur Street 0.1%    SMC SMC $653,118 $653,118 $653,118      
Property   18.14 133 Eutaw Street 0.1%    SMC SMC $646,838 $646,838 $646,838      
Loan 6 19 Jones Estates Portfolio 1.6%    KeyBank KeyBank $12,950,000 $12,950,000 $11,252,667 $35,286.10 Refinance Jonathan Gindes; Peyton Anderson
Property   19.01 Massengills MHC 0.4%    KeyBank KeyBank $3,427,221 $3,427,221 $2,978,021      
Property   19.02 Brookhaven MHC 0.4%    KeyBank KeyBank $2,902,647 $2,902,647 $2,522,202      

 

A-1-1 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name % of Initial
Pool Balance
Mortgage
Loan
Originator(1)
Mortgage
Loan Seller(1)
Original
Balance
Cut-off Date
Balance
Maturity/ARD
Balance
Cut-off Date
Balance per SF/
Units/Rooms/Pads/Beds
Loan Purpose Sponsor
Property   19.03 Leisure Park MHC 0.2%    KeyBank KeyBank $1,958,412 $1,958,412 $1,701,727      
Property   19.04 Twin Branch MHC 0.2%    KeyBank KeyBank $1,766,068 $1,766,068 $1,534,593      
Property   19.05 Hannibal MHC 0.1%    KeyBank KeyBank $1,217,013 $1,217,013 $1,057,501      
Property   19.06 Whispering Pines 0.1%    KeyBank KeyBank $1,042,155 $1,042,155 $905,562      
Property   19.07 Avalon MHC 0.1%    KeyBank KeyBank $636,484 $636,484 $553,061      
Loan 6, 7 20 Archer Portfolio 1.6%    MSBNA MSMCH $12,837,000 $12,837,000 $11,759,145 $256.82 Acquisition Richard S. A. Tindall
Property   20.01 Crown Point Center 0.7%    MSBNA MSMCH $5,544,000 $5,544,000 $5,078,500      
Property   20.02 Spanish Village 0.5%    MSBNA MSMCH $4,030,000 $4,030,000 $3,691,622      
Property   20.03 Bouquet Canyon 0.4%    MSBNA MSMCH $3,263,000 $3,263,000 $2,989,023      
Loan 21 21 6851 River Road 1.5%    SMC SMC $12,500,000 $12,466,573 $7,660,687 $61.81 Refinance Brenda Birnbaum; Jacob Birnbaum
Loan 5 22 Appletree Business Park 1.5%    SMC SMC $12,300,000 $12,300,000 $10,280,020 $117.72 Refinance AmCap, Incorporated; Jay Kaiser
Loan   23 179 East 116th Street 1.5%    SMC SMC $12,000,000 $12,000,000 $12,000,000 $524.70 Refinance Raymond Chakkalo
Loan 9, 22, 23 24 25-22 30th Drive 1.5%    SMC SMC $12,000,000 $12,000,000 $12,000,000 $387,096.77 Refinance Philip Loria; Salvatore Lucchese
Loan   25 The Villas at Willow Run 1.4%    MSBNA MSMCH $11,050,000 $11,050,000 $11,050,000 $153,472.22 Acquisition Michael E. Laub
Loan   26 Pillars at HBU 1.1%    AREF AREF $9,300,000 $9,300,000 $9,300,000 $233.18 Acquisition Stanley Jay Williams, Jr.
Loan 6, 7 27 Indy Multifamily 1.1%    KeyBank KeyBank $9,165,000 $9,165,000 $9,165,000 $119,025.97 Acquisition Yoav Merary
Property   27.01 The Delaware 0.8%    KeyBank KeyBank $6,136,000 $6,136,000 $6,136,000      
Property   27.02 632 MLK Apartments 0.4%    KeyBank KeyBank $3,029,000 $3,029,000 $3,029,000      
Loan   28 4500 Alexander Boulevard Northeast 1.1%    AREF AREF $9,000,000 $9,000,000 $8,321,112 $87.79 Acquisition Malkiel Akhamzadeh; David M. Akhamzadeh; Monica Akhamzadeh
Loan 6, 7 29 MC Office Portfolio 1.1%    SMC SMC $9,000,000 $8,986,762 $7,137,462 $92.30 Refinance Edward A. Mancini
Property   29.01 43630 Hayes Road 0.5%    SMC SMC $3,700,000 $3,694,558 $2,934,291      
Property   29.02 15950 East 12 Mile Road 0.2%    SMC SMC $1,647,887 $1,645,463 $1,306,859      
Property   29.03 43740 North Groesbeck Highway 0.2%    SMC SMC $1,320,000 $1,318,058 $1,046,827      
Property   29.04 30117 Schoenherr Road 0.1%    SMC SMC $1,190,000 $1,188,250 $943,731      
Property   29.05 30300 Hoover Road 0.1%    SMC SMC $1,142,113 $1,140,433 $905,754      
Loan   30 Durango Commons 1.1%    MSBNA MSMCH $8,625,000 $8,625,000 $8,625,000 $219.94 Acquisition Christopher L. Emanuel
Loan   31 Savannah Industrial 1.0%    MSBNA MSMCH $8,530,000 $8,530,000 $8,530,000 $59.99 Acquisition Kenneth Levy; Glen Una Management
Loan   32 Route 1 Self Storage 1.0%    MSBNA MSMCH $8,300,000 $8,300,000 $8,300,000 $98.57 Refinance William H. Munn
Loan 24 33 486 East 28th Street 1.0%    SMC SMC $8,200,000 $8,200,000 $8,200,000 $372,727.27 Refinance Solomon Feder
Loan   34 Riverwood Research Center 1.0%    KeyBank KeyBank $7,879,500 $7,879,500 $6,449,161 $115.63 Acquisition Brian C. Adams; Abhishek Mathur
Loan   35 Menifee Range Self Storage and RV 0.9%    KeyBank KeyBank $7,500,000 $7,500,000 $7,500,000 $45.00 Refinance Kyle Buxton; Karin Buxton
Loan   36 Dollar Self Storage #10 - Apache Junction 0.9%    KeyBank KeyBank $7,250,000 $7,250,000 $6,250,199 $79.51 Refinance Thomson Family Trust, Dated June 18, 1997, as may have been amended and restated; John C. Thomson
Loan 6 37 StorWise SS Portfolio - Tahoe 0.8%    SMC SMC $6,950,000 $6,930,710 $5,536,718 $142.42 Refinance Chad Haggar; Anna Volkoff
Property   37.01 StorWise Kingsbury 0.5%    SMC SMC $4,489,292 $4,476,832 $3,576,395      
Property   37.02 StorWise Tahoe 0.3%    SMC SMC $2,460,708 $2,453,878 $1,960,323      
Loan   38 Marshall Avenue Industrial Park 0.8%    Barclays Barclays $6,800,000 $6,800,000 $6,800,000 $103.45 Refinance Jeremy Dentt; Ryan Dentt; Thomas Ragland
Loan 25 39 Montgomery Self Storage 0.8%    SMC SMC $6,700,000 $6,700,000 $6,069,957 $72.18 Refinance Andrew Pena Jr.
Loan   40 Store Safe Baton Rouge 0.8%    MSBNA MSMCH $6,616,000 $6,616,000 $6,616,000 $59.97 Refinance Ronald G. Kyle
Loan 26 41 Desert’s Edge RV Park 0.7%    MSBNA MSMCH $6,000,000 $6,000,000 $6,000,000 $26,905.83 Refinance James Watson; Joseph Watson, Jr.
Loan   42 Friar’s Branch Crossing 0.7%    KeyBank KeyBank $5,935,000 $5,935,000 $5,104,501 $59.42 Acquisition Brian C. Adams; Abhishek Mathur
Loan   43 Lantern Building 0.7%    SMC SMC $5,500,000 $5,500,000 $4,820,985 $43.85 Acquisition Mordechai Chopp
Loan   44 A&S Apartments 0.7%    KeyBank KeyBank $5,400,000 $5,400,000 $5,400,000 $112,500.00 Refinance Richard A. Barsky
Loan 6 45 CVS Portfolio 0.6%    SMC SMC $5,300,000 $5,300,000 $4,878,460 $252.32 Refinance Peter Vonn
Property   45.01 CVS Fort Wayne 0.3%    SMC SMC $2,735,484 $2,735,484 $2,517,915      
Property   45.02 CVS Garden City 0.3%    SMC SMC $2,564,516 $2,564,516 $2,360,545      
Loan   46 Hollywood 95 Office Center 0.6%    SMC SMC $5,000,000 $5,000,000 $5,000,000 $129.71 Refinance Steven B. Berman
Loan 5 47 McCarthy Ranch 0.6%    SMC SMC $5,000,000 $5,000,000 $5,000,000 $169.18 Refinance MPI Realty Corp.; Bonseph Holdings Limited; Eliahu Swirsky; Shlomo Cohen
Loan   48 Whitehall Apartments 0.6%    KeyBank KeyBank $4,975,000 $4,975,000 $4,975,000 $75,378.79 Refinance Richard A. Barsky
Loan   49 Baychester Shopping Center 0.6%    AREF AREF $4,750,000 $4,750,000 $4,750,000 $145.50 Refinance Amir Cohen
Loan   50 Inverness Dental and Medical Plaza 0.6%    KeyBank KeyBank $4,664,630 $4,664,630 $4,240,984 $233.01 Acquisition Robert P. Selkin
Loan   51 CubeSmart Winston-Salem 0.5%    KeyBank KeyBank $4,125,000 $4,125,000 $4,125,000 $65.65 Refinance Kenneth W. Schwenke
Loan   52 2015-2021 West Race Avenue 0.5%    KeyBank KeyBank $4,125,000 $4,125,000 $3,513,560 $515,625.00 Refinance Hunter Huth; Lilia Zaparaniuk; John Kirpanos; Sean Lee; Jeffrey Baker
Loan   53 Comfort Inn & Suites Southport 0.5%    KeyBank KeyBank $4,100,000 $3,984,653 $3,310,635 $56,923.61 Refinance Keith D. Stephens
Loan 27 54 1101 California Avenue 0.5%    SMC SMC $4,000,000 $4,000,000 $4,000,000 $101.80 Acquisition John Davenport; Jeffrey K. Nickell; Mark Valentine; Doreen C. Leeds; The Doreen C. Leeds Family Trust
Loan   55 E&B Apartments 0.5%    KeyBank KeyBank $3,975,000 $3,975,000 $3,975,000 $101,923.08 Refinance Richard A. Barsky
Loan   56 Cedar Lofts Apartments 0.5%    AREF AREF $3,850,000 $3,850,000 $3,850,000 $66,379.31 Refinance David L. Nevins; Theodore C. First
Loan 6 57 Keepsake Storage Portfolio 0.5%    Barclays Barclays $3,850,000 $3,850,000 $3,294,262 $48.51 Acquisition Hugh D. Cohen; Brian Boehmcke; Joel T. Flax; Cohen Investment Group Capital LLC; HIC Haxall Fund I LP
Property   57.01 Commonwealth Storage 0.3%    Barclays Barclays $2,481,517 $2,481,517 $2,123,316      
Property   57.02 Keepsake Storage 0.2%    Barclays Barclays $1,368,483 $1,368,483 $1,170,946      
Loan   58 Anchor Baker Storage 0.4%    SMC SMC $3,650,000 $3,650,000 $3,196,894 $42.92 Refinance Jeffery Petry
Loan 8, 28 59 571 Hudson Coop 0.4%    MSBNA MSMCH $3,500,000 $3,500,000 $3,500,000 $233,333.33 Refinance N/A
Loan   60 1425 Bruckner Fee 0.4%    SMC SMC $3,500,000 $3,500,000 $3,500,000 $82.94 Refinance Benjamin Berger; Bruce Berger; Miles Berger
Loan   61 Grand Avenue Storage 0.4%    KeyBank KeyBank $3,100,000 $3,100,000 $3,100,000 $100.06 Refinance Michael Anthony Clark; Michael Anthony Clark as Trustee of The Michael Anthony Clark Revocable Trust Dated July 29, 2014, as Amended
Loan   62 Anchor Mini Storage 0.4%    SMC SMC $3,000,000 $3,000,000 $2,563,961 $39.81 Refinance Jerame Petry
Loan   63 Netana Apartments 0.3%    KeyBank KeyBank $2,650,000 $2,650,000 $2,650,000 $85,483.87 Refinance Richard A. Barsky
Loan   64 Windy Acres MHC 0.3%    KeyBank KeyBank $2,500,000 $2,500,000 $2,500,000 $49,019.61 Acquisition Jason S. Weissman; Tana Weissman
Loan 6 65 Maple Hills & Walnut Valley MHP 0.3%    SMC SMC $2,150,000 $2,150,000 $1,842,958 $15,925.93 Refinance Eric Tsaur; Nicholas Tsaur
Property   65.01 Maple Hills MHP 0.2%    SMC SMC $1,244,429 $1,244,429 $1,066,712      
Property   65.02 Walnut Valley MHP 0.1%    SMC SMC $905,571 $905,571 $776,246      

 

A-1-2 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Non-Recourse Carveout Guarantor   No. of
Properties
General Property Type Detailed Property Type Title Type Ground Lease
Initial Lease
Expiration Date
Hotel Franchise Agreement Expiration Date
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio NexPoint Storage Partners, Inc.; NexPoint Storage Partners Operating Company, LLC   7          
Property   1.01 Extra Space Brickell       Self Storage Self Storage Fee N/A N/A
Property   1.02 Extra Space Ocoee       Self Storage Self Storage Fee N/A N/A
Property   1.03 Extra Space West Doral       Self Storage Self Storage Fee N/A N/A
Property   1.04 Extra Space Coconut Grove       Self Storage Self Storage Fee N/A N/A
Property   1.05 Extra Space Alpharetta       Self Storage Self Storage Fee N/A N/A
Property   1.06 Extra Space Fleming Island       Self Storage Self Storage Fee N/A N/A
Property   1.07 Extra Space Marietta       Self Storage Self Storage Fee N/A N/A
Loan 11, 12 2 215 Coles Street Moishe Mana   1 Industrial Flex Fee N/A N/A
Loan 6, 7, 9 3 Ahold Portfolio Inland Private Capital Corporation   4          
Property   3.01 Stop & Shop - South Yarmouth       Retail Single Tenant Fee N/A N/A
Property   3.02 Stop & Shop - Peabody       Retail Single Tenant Fee N/A N/A
Property   3.03 Stop & Shop - Arlington       Retail Single Tenant Fee N/A N/A
Property   3.04 Stop & Shop - Lexington       Retail Single Tenant Fee N/A N/A
Loan 6, 9 4 NOLA Logistics Portfolio Sidhartha Singh   15          
Property   4.01 115 Canvasback Drive       Industrial Flex Fee N/A N/A
Property   4.02 150 Teal Street       Industrial Flex Fee N/A N/A
Property   4.03 120 Mallard Street       Office Suburban Fee N/A N/A
Property   4.04 110 Widgeon Drive       Industrial Flex Fee N/A N/A
Property   4.05 150 James Drive East       Industrial Flex Fee N/A N/A
Property   4.06 161 James Drive West       Industrial Flex Fee N/A N/A
Property   4.07 100 James Drive       Office Suburban Fee N/A N/A
Property   4.08 150 Canvasback Drive       Industrial Flex Fee N/A N/A
Property   4.09 125 James Drive West       Industrial Flex Fee N/A N/A
Property   4.10 190 James Drive East       Industrial Flex Fee N/A N/A
Property   4.11 160 James Drive East       Industrial Flex Fee N/A N/A
Property   4.12 107 Mallard Street       Industrial Flex Fee N/A N/A
Property   4.13 125 Mallard Street       Industrial Flex Fee N/A N/A
Property   4.14 143 Mallard Street       Industrial Flex Fee N/A N/A
Property   4.15 115 James Drive West       Industrial Flex Fee N/A N/A
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP   2          
Property   5.01 MGM Grand       Hospitality Full Service Fee N/A N/A
Property   5.02 Mandalay Bay       Hospitality Full Service Fee N/A N/A
Loan 17 6 Lullwater at Blair Stone John E. Carter; Robert Dallas Whitaker, Jr.; Gael Ragone; Ray Hutchinson   1 Multifamily Garden Fee N/A N/A
Loan   7 Woods on LaMonte Kenneth L. Hatfield; Michael G. Tombari; Stanley Beraznik   1 Multifamily Garden Fee N/A N/A
Loan   8 Olympus Corporate Center Jeff Pori   1 Office Suburban Fee N/A N/A
Loan   9 The District - Airpark Amber Shannon Eckford; William Strathearn Leggat; K2H Ltd.   1 Mixed Use Retail, Industrial & Office Fee N/A N/A
Loan   10 Allied Plaza Andrew Getz; John Hahn; William Allen; Christopher H. Locke   1 Office Suburban Fee N/A N/A
Loan 6 11 Central Canal Company Industrial Portfolio Gerald Askowitz   6          
Property   11.01 Venture & Forsyth       Industrial Flex Fee N/A N/A
Property   11.02 Carter I & II       Industrial Flex Fee N/A N/A
Property   11.03 Northstar Business Park       Industrial Flex Fee N/A N/A
Property   11.04 Michigan I & II       Industrial Flex Fee N/A N/A
Property   11.05 Taft Vineland       Industrial Flex Fee N/A N/A
Property   11.06 Lyman Road       Industrial Flex Fee N/A N/A
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio Abraham Brach   2          
Property   12.01 Hauppauge Office Park       Office Suburban Fee N/A N/A
Property   12.02 20 Commerce       Office Suburban Fee N/A N/A
Loan 20 13 12510 & 12600 Cardinal Meadow Jugalkishore K. Malani; Malani FLP, Ltd.   1 Industrial Warehouse Distribution Fee N/A N/A
Loan 8 14 Sunrise Corporate Plaza I Andrew L. Hananel; Richard A. Hadar; Jason A. Isaacson; Josh J. Procacci   1 Office Suburban Fee N/A N/A
Loan   15 Colonnades West Robert Berger; Richard Glickman; NUUSCO Inc.   1 Retail Anchored Fee N/A N/A
Loan   16 LA Creative Industrial Portfolio Tal Hassid   1 Industrial Flex Fee N/A N/A
Loan   17 Frankfort Crossing Mahesh D. Amin; Meeta M. Amin; Mahesh D. Amin and Meeta M. Amin, each as Trustee of the M. Amin Family Trust Dated September 12, 2007; Mark Cunningham   1 Retail Anchored Fee N/A N/A
Loan 6, 9 18 East Boston Multifamily Portfolio 1 John McGrail   14          
Property   18.01 298-300 Meridian Street       Multifamily Garden Fee N/A N/A
Property   18.02 151-153 Meridian Street       Multifamily Garden Fee N/A N/A
Property   18.03 108-110 Meridian Street       Multifamily Garden Fee N/A N/A
Property   18.04 144-146 Chester Avenue       Multifamily Garden Fee N/A N/A
Property   18.05 236 Princeton Street       Multifamily Garden Fee N/A N/A
Property   18.06 346 Chelsea Street       Multifamily Garden Fee N/A N/A
Property   18.07 151 Saratoga Street       Multifamily Garden Fee N/A N/A
Property   18.08 17 Morris Street       Multifamily Garden Fee N/A N/A
Property   18.09 8 Curtis Street       Multifamily Garden Fee N/A N/A
Property   18.10 329 Paris Street       Multifamily Garden Fee N/A N/A
Property   18.11 187 Maverick Street       Multifamily Garden Fee N/A N/A
Property   18.12 62 Chelsea Street       Multifamily Garden Fee N/A N/A
Property   18.13 26 Decatur Street       Multifamily Garden Fee N/A N/A
Property   18.14 133 Eutaw Street       Multifamily Garden Fee N/A N/A
Loan 6 19 Jones Estates Portfolio Jonathan Gindes; Peyton Anderson   7          
Property   19.01 Massengills MHC       Manufactured Housing Manufactured Housing Fee N/A N/A
Property   19.02 Brookhaven MHC       Manufactured Housing Manufactured Housing Fee N/A N/A

 

A-1-3 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Non-Recourse Carveout Guarantor   No. of
Properties
General Property Type Detailed Property Type Title Type Ground Lease
Initial Lease
Expiration Date
Hotel Franchise Agreement Expiration Date
Property   19.03 Leisure Park MHC       Manufactured Housing Manufactured Housing Fee N/A N/A
Property   19.04 Twin Branch MHC       Manufactured Housing Manufactured Housing Fee N/A N/A
Property   19.05 Hannibal MHC       Manufactured Housing Manufactured Housing Fee N/A N/A
Property   19.06 Whispering Pines       Manufactured Housing Manufactured Housing Fee N/A N/A
Property   19.07 Avalon MHC       Manufactured Housing Manufactured Housing Fee N/A N/A
Loan 6, 7 20 Archer Portfolio Richard S. A. Tindall   3          
Property   20.01 Crown Point Center       Retail Shadow Anchored Fee N/A N/A
Property   20.02 Spanish Village       Retail Unanchored Fee N/A N/A
Property   20.03 Bouquet Canyon       Retail Shadow Anchored Fee N/A N/A
Loan 21 21 6851 River Road Brenda Birnbaum; Jacob Birnbaum   1 Industrial Warehouse Distribution Fee N/A N/A
Loan 5 22 Appletree Business Park AmCap, Incorporated; Jay Kaiser   1 Office Suburban Fee N/A N/A
Loan   23 179 East 116th Street Raymond Chakkalo   1 Mixed Use Retail/Office Fee N/A N/A
Loan 9, 22, 23 24 25-22 30th Drive Philip Loria; Salvatore Lucchese   1 Multifamily Mid Rise Fee N/A N/A
Loan   25 The Villas at Willow Run Michael E. Laub   1 Multifamily Garden Fee N/A N/A
Loan   26 Pillars at HBU Stanley Jay Williams, Jr.   1 Retail Unanchored Leasehold 3/12/2081 N/A
Loan 6, 7 27 Indy Multifamily Yoav Merary   2          
Property   27.01 The Delaware       Multifamily Mid Rise Fee N/A N/A
Property   27.02 632 MLK Apartments       Multifamily Mid Rise Fee N/A N/A
Loan   28 4500 Alexander Boulevard Northeast Malkiel Akhamzadeh; David M. Akhamzadeh; Monica Akhamzadeh   1 Office Suburban Fee N/A N/A
Loan 6, 7 29 MC Office Portfolio Edward A. Mancini   5          
Property   29.01 43630 Hayes Road       Office Suburban Fee N/A N/A
Property   29.02 15950 East 12 Mile Road       Office Suburban Fee N/A N/A
Property   29.03 43740 North Groesbeck Highway       Office Suburban Fee N/A N/A
Property   29.04 30117 Schoenherr Road       Office Suburban Fee N/A N/A
Property   29.05 30300 Hoover Road       Office Suburban Fee N/A N/A
Loan   30 Durango Commons Christopher L. Emanuel   1 Retail Anchored Fee N/A N/A
Loan   31 Savannah Industrial Kenneth Levy; Kenneth Levy, As Trustee of The Levy Family Trust Dated February 18, 1983, As Amended   1 Industrial Warehouse Distribution Fee N/A N/A
Loan   32 Route 1 Self Storage William H. Munn   1 Self Storage Self Storage Fee N/A N/A
Loan 24 33 486 East 28th Street Solomon Feder   1 Multifamily Mid Rise Fee N/A N/A
Loan   34 Riverwood Research Center Brian C. Adams; Abhishek Mathur   1 Office Suburban Fee N/A N/A
Loan   35 Menifee Range Self Storage and RV Kyle Buxton; Karin Buxton   1 Self Storage Self Storage Fee N/A N/A
Loan   36 Dollar Self Storage #10 - Apache Junction Thomson Family Trust, Dated June 18, 1997, as may have been amended and restated; John C. Thomson   1 Self Storage Self Storage Fee N/A N/A
Loan 6 37 StorWise SS Portfolio - Tahoe Chad Haggar; Anna Volkoff   2          
Property   37.01 StorWise Kingsbury       Self Storage Self Storage Fee N/A N/A
Property   37.02 StorWise Tahoe       Self Storage Self Storage Fee N/A N/A
Loan   38 Marshall Avenue Industrial Park Jeremy Dentt; Ryan Dentt; Thomas Ragland   1 Industrial Flex Leasehold 5/31/2072 N/A
Loan 25 39 Montgomery Self Storage Andrew Pena Jr.   1 Self Storage Self Storage Fee N/A N/A
Loan   40 Store Safe Baton Rouge Ronald G. Kyle   1 Self Storage Self Storage Fee N/A N/A
Loan 26 41 Desert’s Edge RV Park James Watson; Joseph Watson, Jr.   1 Manufactured Housing Manufactured Housing Fee N/A N/A
Loan   42 Friar’s Branch Crossing Brian C. Adams; Abhishek Mathur   1 Industrial Flex Fee N/A N/A
Loan   43 Lantern Building Mordechai Chopp   1 Office Suburban Fee N/A N/A
Loan   44 A&S Apartments Richard A. Barsky   1 Multifamily Mid Rise Fee N/A N/A
Loan 6 45 CVS Portfolio Peter Vonn   2          
Property   45.01 CVS Fort Wayne       Retail Single Tenant Fee N/A N/A
Property   45.02 CVS Garden City       Retail Single Tenant Fee N/A N/A
Loan   46 Hollywood 95 Office Center Steven B. Berman   1 Office Suburban Fee N/A N/A
Loan 5 47 McCarthy Ranch MPI Realty Corp.; Bonseph Holdings Limited; Eliahu Swirsky; Shlomo Cohen   1 Retail Anchored Fee N/A N/A
Loan   48 Whitehall Apartments Richard A. Barsky   1 Multifamily Mid Rise Fee N/A N/A
Loan   49 Baychester Shopping Center Amir Cohen   1 Retail Anchored Fee N/A N/A
Loan   50 Inverness Dental and Medical Plaza Robert P. Selkin   1 Office Medical Fee N/A N/A
Loan   51 CubeSmart Winston-Salem Kenneth W. Schwenke   1 Self Storage Self Storage Fee N/A N/A
Loan   52 2015-2021 West Race Avenue Hunter Huth; Lilia Zaparaniuk; John Kirpanos; Sean Lee; Jeffrey Baker   1 Multifamily Garden Fee N/A N/A
Loan   53 Comfort Inn & Suites Southport Keith D. Stephens   1 Hospitality Limited Service Fee N/A 12/3/2030
Loan 27 54 1101 California Avenue John Davenport; Jeffrey K. Nickell; Mark Valentine; Doreen C. Leeds; The Doreen C. Leeds Family Trust   1 Office Suburban Fee N/A N/A
Loan   55 E&B Apartments Richard A. Barsky   1 Multifamily Mid Rise Fee N/A N/A
Loan   56 Cedar Lofts Apartments David L. Nevins; Theodore C. First   1 Multifamily Student Housing Fee N/A N/A
Loan 6 57 Keepsake Storage Portfolio Hugh D. Cohen; Brian E. Boehmcke; Joel T. Flax   2          
Property   57.01 Commonwealth Storage       Self Storage Self Storage Fee N/A N/A
Property   57.02 Keepsake Storage       Self Storage Self Storage Fee N/A N/A
Loan   58 Anchor Baker Storage Jeffery Petry   1 Self Storage Self Storage Fee N/A N/A
Loan 8, 28 59 571 Hudson Coop N/A   1 Multifamily Cooperative Fee N/A N/A
Loan   60 1425 Bruckner Fee Benjamin Berger; Bruce Berger; Miles Berger   1 Other Leased Fee Fee N/A N/A
Loan   61 Grand Avenue Storage Michael Anthony Clark; Michael Anthony Clark as Trustee of The Michael Anthony Clark Revocable Trust Dated July 29, 2014, as Amended   1 Self Storage Self Storage Fee N/A N/A
Loan   62 Anchor Mini Storage Jerame Petry   1 Self Storage Self Storage Fee N/A N/A
Loan   63 Netana Apartments Richard A. Barsky   1 Multifamily Mid Rise Fee N/A N/A
Loan   64 Windy Acres MHC Jason S. Weissman; Tana Weissman   1 Manufactured Housing Manufactured Housing Fee N/A N/A
Loan 6 65 Maple Hills & Walnut Valley MHP Eric Tsaur; Nicholas Tsaur   2          
Property   65.01 Maple Hills MHP       Manufactured Housing Manufactured Housing Fee N/A N/A
Property   65.02 Walnut Valley MHP       Manufactured Housing Manufactured Housing Fee N/A N/A

 

A-1-4 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Address City County State Zip Code Year Built Year Renovated Size Units of
Measure
Occupancy Rate(2)
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio               499,046 SF 90.8%
Property   1.01 Extra Space Brickell 1103 Southwest 3rd Avenue Miami Miami-Dade FL 33130 2016 N/A 74,780 SF 91.9%
Property   1.02 Extra Space Ocoee 19920 West Colonial Drive and 1234 Westrun Road Ocoee Orange FL 34761 2016 N/A 98,165 SF 93.6%
Property   1.03 Extra Space West Doral 590 Northwest 137th Avenue Miami Miami-Dade FL 33178 2017 N/A 76,595 SF 92.0%
Property   1.04 Extra Space Coconut Grove 2434 Southwest 28th Lane Miami Miami-Dade FL 33133 2016 N/A 51,848 SF 93.4%
Property   1.05 Extra Space Alpharetta 5110 McGinnis Ferry Road Alpharetta Forsyth GA 30005 1994 2016 71,631 SF 90.0%
Property   1.06 Extra Space Fleming Island 1939 Eastwest Parkway Fleming Island Clay FL 32003 2016 N/A 59,565 SF 84.9%
Property   1.07 Extra Space Marietta 340 Franklin Gateway Southeast Marietta Cobb GA 30067 1999 2016 66,462 SF 88.4%
Loan 11, 12 2 215 Coles Street 215 Coles Street Jersey City Hudson NJ 07310 1927 N/A 760,000 SF 100.0%
Loan 6, 7, 9 3 Ahold Portfolio               254,368 SF 100.0%
Property   3.01 Stop & Shop - South Yarmouth 7-55 Long Pond Drive South Yarmouth Barnstable MA 02664 1974, 1992 N/A 113,186 SF 100.0%
Property   3.02 Stop & Shop - Peabody 19 Howley Street Peabody Essex MA 01960 1998 N/A 66,783 SF 100.0%
Property   3.03 Stop & Shop - Arlington 905 Massachusetts Avenue Arlington Middlesex MA 02476 1995 N/A 29,277 SF 100.0%
Property   3.04 Stop & Shop - Lexington 36 Bedford Street Lexington Middlesex MA 02420 1999 N/A 45,122 SF 100.0%
Loan 6, 9 4 NOLA Logistics Portfolio               594,455 SF 84.7%
Property   4.01 115 Canvasback Drive 115 Canvasback Drive Saint Rose Saint Charles LA 70087 2004 N/A 64,750 SF 100.0%
Property   4.02 150 Teal Street 150 Teal Street Saint Rose Saint Charles LA 70087 2000 N/A 53,544 SF 23.0%
Property   4.03 120 Mallard Street 120 Mallard Street Saint Rose Saint Charles LA 70087 1981 N/A 53,520 SF 84.9%
Property   4.04 110 Widgeon Drive 110 Widgeon Drive Saint Rose Saint Charles LA 70087 2004 N/A 49,800 SF 100.0%
Property   4.05 150 James Drive East 150 James Drive East Saint Rose Saint Charles LA 70087 1985 N/A 49,275 SF 91.9%
Property   4.06 161 James Drive West 161 James Drive West Saint Rose Saint Charles LA 70087 1986 N/A 47,474 SF 93.3%
Property   4.07 100 James Drive 100 James Drive Saint Rose Saint Charles LA 70087 1980 N/A 43,055 SF 100.0%
Property   4.08 150 Canvasback Drive 150 Canvasback Drive Saint Rose Saint Charles LA 70087 1986 N/A 40,500 SF 100.0%
Property   4.09 125 James Drive West 125 James Drive West Saint Rose Saint Charles LA 70087 1990 N/A 38,692 SF 69.0%
Property   4.10 190 James Drive East 190 James Drive East Saint Rose Saint Charles LA 70087 1987 N/A 36,357 SF 100.0%
Property   4.11 160 James Drive East 160 James Drive East Saint Rose Saint Charles LA 70087 1981 N/A 25,772 SF 100.0%
Property   4.12 107 Mallard Street 107 Mallard Street Saint Rose Saint Charles LA 70087 1985 N/A 23,436 SF 100.0%
Property   4.13 125 Mallard Street 125 Mallard Street Saint Rose Saint Charles LA 70087 1984 N/A 23,436 SF 33.1%
Property   4.14 143 Mallard Street 143 Mallard Street Saint Rose Saint Charles LA 70087 1982 N/A 23,436 SF 70.4%
Property   4.15 115 James Drive West 115 James Drive West Saint Rose Saint Charles LA 70087 1986 N/A 21,408 SF 100.0%
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay               9,748 Rooms 54.1%
Property   5.01 MGM Grand 3799 South Las Vegas Boulevard Las Vegas Clark NV 89109 1993 N/A 4,998 Rooms 52.7%
Property   5.02 Mandalay Bay 3950 South Las Vegas Boulevard Las Vegas Clark NV 89119 1999 N/A 4,750 Rooms 55.8%
Loan 17 6 Lullwater at Blair Stone 3501 South Blair Stone Road Tallahassee Leon FL 32301 2019 N/A 244 Units 98.3%
Loan   7 Woods on LaMonte 4800 LaMonte Lane Houston Harris TX 77092 1978 2021 531 Units 91.7%
Loan   8 Olympus Corporate Center 3001, 3005, 3009 and 3013 Douglas Boulevard Roseville Placer CA 95661 1992, 1995, 1996, 1997 2018 196,467 SF 89.1%
Loan   9 The District - Airpark 15551 North Greenway-Hayden Loop, 15444 North 76th Street, 7550 East Greenway Road Scottsdale Maricopa AZ 85260 2006 2020 142,733 SF 94.4%
Loan   10 Allied Plaza 7777 and 7787 Alvarado Road La Mesa San Diego CA 91942 1983, 1999 N/A 144,053 SF 95.6%
Loan 6 11 Central Canal Company Industrial Portfolio               393,187 SF 95.7%
Property   11.01 Venture & Forsyth 6930, 6944, 6948 & 6950 Venture Circle and 2721, 2221 & 2213 North Forsyth Road Orlando Orange FL 32807 1975-1985 N/A 155,515 SF 100.0%
Property   11.02 Carter I & II 930 Carter Road Winter Garden Orange FL 34787 1991 N/A 67,775 SF 95.4%
Property   11.03 Northstar Business Park 401 & 500 Central Park Drive and 300 Northstar Court Sanford Seminole FL 32771 1990 N/A 89,497 SF 87.0%
Property   11.04 Michigan I & II 2828 & 2832 Michigan Avenue Kissimmee Osceola FL 34744 1993, 1995 N/A 33,850 SF 100.0%
Property   11.05 Taft Vineland 943 & 955 Taft Vineland Road Orlando Orange FL 32824 1988 N/A 29,550 SF 100.0%
Property   11.06 Lyman Road 190 Lyman Road Casselberry Seminole FL 32707 1987 N/A 17,000 SF 87.5%
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio               469,901 SF 86.8%
Property   12.01 Hauppauge Office Park 878, 888 and 898 Veterans Memorial Highway Hauppauge Suffolk NY 11788 1990, 2014 N/A 281,954 SF 91.1%
Property   12.02 20 Commerce 20 Commerce Drive Cranford Union NJ 07016 1991 2020 187,947 SF 80.4%
Loan 20 13 12510 & 12600 Cardinal Meadow 12510 and 12600 Cardinal Meadow Drive Sugar Land Fort Bend TX 77478 2005, 2013 2008 273,240 SF 100.0%
Loan 8 14 Sunrise Corporate Plaza I 1300 Sawgrass Corporate Parkway Sunrise Broward FL 33323 1999 N/A 107,304 SF 94.6%
Loan   15 Colonnades West 10941 West Broad Street Glen Allen Henrico VA 23060 1998 N/A 136,082 SF 94.7%
Loan   16 LA Creative Industrial Portfolio 2079 East 15th Street and 2190 East 14th Street Los Angeles Los Angeles CA 90021 1923 2014-2019 144,339 SF 70.9%
Loan   17 Frankfort Crossing 21110, 21112, 21114, 21116, 21118, 21120, 21122, 21124, 21126, 21130, 21150, 21164, 21212, 21218, 21224 and 21230 South La Grange Road Frankfort Will IL 60423 1992 N/A 114,534 SF 98.5%
Loan 6, 9 18 East Boston Multifamily Portfolio 1               55 Units 100.0%
Property   18.01 298-300 Meridian Street 298-300 Meridian Street Boston Suffolk MA 02128 1920 2015-2020 14 Units 100.0%
Property   18.02 151-153 Meridian Street 151-153 Meridian Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Property   18.03 108-110 Meridian Street 108-110 Meridian Street Boston Suffolk MA 02128 1900 2015-2020 4 Units 100.0%
Property   18.04 144-146 Chester Avenue 144-146 Chester Avenue Chelsea Suffolk MA 02150 1900 2015-2020 4 Units 100.0%
Property   18.05 236 Princeton Street 236 Princeton Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Property   18.06 346 Chelsea Street 346 Chelsea Street Boston Suffolk MA 02128 1915 2015-2020 3 Units 100.0%
Property   18.07 151 Saratoga Street 151 Saratoga Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Property   18.08 17 Morris Street 17 Morris Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Property   18.09 8 Curtis Street 8 Curtis Street Boston Suffolk MA 02128 1890 2015-2020 3 Units 100.0%
Property   18.10 329 Paris Street 329 Paris Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Property   18.11 187 Maverick Street 187 Maverick Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Property   18.12 62 Chelsea Street 62 Chelsea Street Boston Suffolk MA 02128 1920 2015-2020 3 Units 100.0%
Property   18.13 26 Decatur Street 26 Decatur Street Boston Suffolk MA 02128 1899 2015-2020 3 Units 100.0%
Property   18.14 133 Eutaw Street 133 Eutaw Street Boston Suffolk MA 02128 1900 2015-2020 3 Units 100.0%
Loan 6 19 Jones Estates Portfolio               367 Pads 96.2%
Property   19.01 Massengills MHC 4414 US 70 Business Highway West Clayton Johnston NC 27520 1960 N/A 79 Pads 93.7%
Property   19.02 Brookhaven MHC 3 Brookhaven Avenue Washington Washington PA 15301 1960 N/A 86 Pads 97.7%

 

A-1-5 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Address City County State Zip Code Year Built Year Renovated Size Units of
Measure
Occupancy Rate(2)
Property   19.03 Leisure Park MHC 620 Northwest Rainbow Drive Kannapolis Cabarrus NC 28081 1983 N/A 54 Pads 94.4%
Property   19.04 Twin Branch MHC 1752 Dixon Swimming Pool Road Burlington Alamance NC 27217 1970 N/A 54 Pads 100.0%
Property   19.05 Hannibal MHC 19 Landis Avenue Cranberry Township Butler PA 16066 1970 N/A 25 Pads 96.0%
Property   19.06 Whispering Pines 7913 National Road Southwest Etna Licking OH 43062 1965 N/A 38 Pads 97.4%
Property   19.07 Avalon MHC 1111 Geneva Avenue Columbus Franklin OH 43223 1962 N/A 31 Pads 93.5%
Loan 6, 7 20 Archer Portfolio               49,985 SF 99.2%
Property   20.01 Crown Point Center 18300 and 18400 Cottonwood Drive Parker Douglas CO 80138 2018 N/A 16,390 SF 100.0%
Property   20.02 Spanish Village 7208, 7211, 7212, 7252 East Ho Road and 37550 North Hum Road Carefree Maricopa AZ 85377 1969 2016-2019 24,566 SF 98.4%
Property   20.03 Bouquet Canyon 26453, 26455, 26457 and 26459 Bouquet Canyon Road Santa Clarita Los Angeles CA 91350 2004 N/A 9,029 SF 100.0%
Loan 21 21 6851 River Road 6851 River Road Pennsauken Camden NJ 08110 1997 N/A 201,700 SF 100.0%
Loan 5 22 Appletree Business Park 2875 Union Road Cheektowaga Erie NY 14227 1972 2000 423,047 SF 94.9%
Loan   23 179 East 116th Street 179 East 116th Street New York New York NY 10029 1910 2005 22,870 SF 100.0%
Loan 9, 22, 23 24 25-22 30th Drive 25-22 30th Drive Astoria Queens NY 11102 2020 N/A 31 Units 100.0%
Loan   25 The Villas at Willow Run 26 Utley Place Willow Street Lancaster PA 17584 2019 N/A 72 Units 100.0%
Loan   26 Pillars at HBU 7259 Southwest Freeway Houston Harris TX 77074 2016, 2018, 2021 N/A 39,884 SF 88.5%
Loan 6, 7 27 Indy Multifamily               77 Units 97.4%
Property   27.01 The Delaware 2205 North Delaware Street Indianapolis Marion IN 46205 2016 N/A 47 Units 95.7%
Property   27.02 632 MLK Apartments 632 Doctor M.L.K. Jr Street Indianapolis Marion IN 46202 2017 N/A 30 Units 100.0%
Loan   28 4500 Alexander Boulevard Northeast 4500 Alexander Boulevard Northeast Albuquerque Bernalillo NM 87107 1986 2020 102,523 SF 79.2%
Loan 6, 7 29 MC Office Portfolio               97,366 SF 100.0%
Property   29.01 43630 Hayes Road 43630 Hayes Road Clinton Township Macomb MI 48038 1998-2000 N/A 39,537 SF 100.0%
Property   29.02 15950 East 12 Mile Road 15950 East 12 Mile Road Roseville Macomb MI 48066 1999 2017 17,512 SF 100.0%
Property   29.03 43740 North Groesbeck Highway 43740 North Groesbeck Highway Clinton Township Macomb MI 48036 1993 N/A 20,960 SF 100.0%
Property   29.04 30117 Schoenherr Road 30117 Schoenherr Road Warren Macomb MI 48088 2006 N/A 9,483 SF 100.0%
Property   29.05 30300 Hoover Road 30300 Hoover Road Warren Macomb MI 48093 1999 N/A 9,874 SF 100.0%
Loan   30 Durango Commons 8550, 8570 and 8580 West Charleston Boulevard Las Vegas Clark NV 89117 1991 N/A 39,216 SF 95.6%
Loan   31 Savannah Industrial 225 and 231 Bourne Boulevard Savannah Chatham GA 31408 2001, 2008 2011 142,200 SF 100.0%
Loan   32 Route 1 Self Storage 8115 Perry Hills Road Nottingham Baltimore MD 21236 2001 N/A 84,200 SF 89.1%
Loan 24 33 486 East 28th Street 486 East 28th Street Brooklyn Kings  NY 11226 2020 N/A 22 Units 95.5%
Loan   34 Riverwood Research Center 24461-24491 West 10 Mile Road Southfield Oakland MI 48033 1987 N/A 68,142 SF 100.0%
Loan   35 Menifee Range Self Storage and RV 30125 State Highway 74 Menifee Riverside CA 92585 2005 N/A 166,666 SF 92.9%
Loan   36 Dollar Self Storage #10 - Apache Junction 2901 South Winchester Road Apache Junction Pinal AZ 85119 2008 N/A 91,180 SF 92.3%
Loan 6 37 StorWise SS Portfolio - Tahoe               48,665 SF 90.7%
Property   37.01 StorWise Kingsbury 272 Kingsbury Grade Stateline Douglas NV 89449 1977 2020 26,660 SF 85.3%
Property   37.02 StorWise Tahoe 2000 Jewell Road South Lake Tahoe El Dorado CA 96150 1967 2019 22,005 SF 97.3%
Loan   38 Marshall Avenue Industrial Park 1830-1934 Marshall Avenue El Cajon San Diego CA 92020 2019 N/A 65,731 SF 98.6%
Loan 25 39 Montgomery Self Storage 19678 Highway 105 West Montgomery Montgomery TX 77356 1994 2000, 2014, 2019 92,826 SF 87.1%
Loan   40 Store Safe Baton Rouge 9242 Baringer Foreman Road Baton Rouge East Baton Rouge LA 70817 2007 N/A 110,325 SF 93.3%
Loan 26 41 Desert’s Edge RV Park 2398 West Williams Drive Phoenix Maricopa AZ 85027 1969 N/A 223 Pads 95.5%
Loan   42 Friar’s Branch Crossing 2204-2226 Encompass Drive Chattanooga Hamilton TN 37421 1988 2006 99,878 SF 92.5%
Loan   43 Lantern Building 4245 Kemp Boulevard Wichita Falls Wichita TX 76308 1981 N/A 125,418 SF 86.0%
Loan   44 A&S Apartments 70 Prospect Park Southwest Brooklyn Kings NY 11215 1935 N/A 48 Units 93.8%
Loan 6 45 CVS Portfolio               21,005 SF 100.0%
Property   45.01 CVS Fort Wayne 3918 South Calhoun Street Fort Wayne Allen IN 46807 1999 2019 10,125 SF 100.0%
Property   45.02 CVS Garden City 27435 Ford Road Garden City Wayne MI 48135 2001 2016 10,880 SF 100.0%
Loan   46 Hollywood 95 Office Center 2700-2750 North 29th Avenue Hollywood Broward FL 33020 1978 N/A 38,548 SF 96.8%
Loan 5 47 McCarthy Ranch 15-251 Ranch Drive Milpitas Santa Clara CA 95035 1994 N/A 265,994 SF 83.6%
Loan   48 Whitehall Apartments 80-50 Baxter Avenue Elmhurst Queens NY 11373 1955 N/A 66 Units 95.5%
Loan   49 Baychester Shopping Center 1197 East 233rd Street Bronx Bronx NY 10466 1958 N/A 32,647 SF 89.2%
Loan   50 Inverness Dental and Medical Plaza 202 Inverness Center Drive Hoover Shelby AL 35242 2001 N/A 20,019 SF 100.0%
Loan   51 CubeSmart Winston-Salem 345 Witt Street Winston-Salem Forsyth NC 27103 1955 2017, 2020 62,837 SF 91.7%
Loan   52 2015-2021 West Race Avenue 2015-2021 West Race Avenue Chicago Cook IL 60612 1897 2019-2020 8 Units 100.0%
Loan   53 Comfort Inn & Suites Southport 4963 Southport Supply Road Southeast Southport Brunswick NC 28461 2002 2017 70 Rooms 63.4%
Loan 27 54 1101 California Avenue 1101 California Avenue Corona Riverside CA 92881 1990 N/A 39,293 SF 87.9%
Loan   55 E&B Apartments 361 95th Street Brooklyn Kings NY 11209 1926 N/A 39 Units 89.7%
Loan   56 Cedar Lofts Apartments 121 West Fairmount Avenue State College Centre PA 16801 1989 N/A 58 Beds 100.0%
Loan 6 57 Keepsake Storage Portfolio               79,366 SF 84.9%
Property   57.01 Commonwealth Storage 2010 West 3rd Street, 1716 West 3rd Street, and 407 East 3rd Street Farmville Prince Edward VA 23901 1953, 1990, 1996 2000, 2004, 2011 46,180 SF 86.3%
Property   57.02 Keepsake Storage 21528 Prince Edward Highway Rice Prince Edward VA 23966 2007 2018 33,186 SF 83.1%
Loan   58 Anchor Baker Storage 21312 14th Street Baker City Baker OR 97814 1999, 2016 N/A 85,040 SF 98.1%
Loan 8, 28 59 571 Hudson Coop 571 Hudson Street New York New York NY 10014 1892 1978 15 Units 100.0%
Loan   60 1425 Bruckner Fee 1425 Bruckner Boulevard Bronx Bronx NY 10472 2010 N/A 42,200 SF N/A
Loan   61 Grand Avenue Storage 33033 Riverside Drive Lake Elsinore Riverside CA 92530 1999 N/A 30,980 SF 97.6%
Loan   62 Anchor Mini Storage 920 Southeast 5th Avenue Ontario Malheur OR 97914 2011 N/A 75,350 SF 97.7%
Loan   63 Netana Apartments 864 60th Street Brooklyn Kings NY 11220 1928 N/A 31 Units 100.0%
Loan   64 Windy Acres MHC 195 West Main Street Chester Morris NJ 07930 1970 N/A 51 Pads 98.0%
Loan 6 65 Maple Hills & Walnut Valley MHP               135 Pads 88.9%
Property   65.01 Maple Hills MHP 1000 Maple Hills Park Cross Lanes Kanawha WV 25313 1985 N/A 86 Pads 84.9%
Property   65.02 Walnut Valley MHP 5232 Walnut Valley Drive Cross Lanes Kanawha WV 25313 1985 N/A 49 Pads 95.9%

 

A-1-6 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Occupancy Rate
As-of Date
Appraised
Value
Appraised Value
As-of Date
  Mortgage
Rate
Administrative
Fee Rate(3)
Master Servicing
Fee Rate
Primary Servicing
Fee Rate
Pari Passu
Loan Primary Servicing
Fee Rate
Trustee
Fee Rate
Trust Advisor
Fee Rate
Asset Representations Reviewer Fee Rate CREFC
Fee Rate
Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original
Interest-Only
Period (mos.)
Remaining
Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio   $135,100,000 Various   3.9900% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Property   1.01 Extra Space Brickell 3/9/2021 $26,700,000 2/27/2021                                    
Property   1.02 Extra Space Ocoee 3/9/2021 $16,150,000 3/2/2021                                    
Property   1.03 Extra Space West Doral 3/9/2021 $21,850,000 2/27/2021                                    
Property   1.04 Extra Space Coconut Grove 3/9/2021 $16,800,000 2/27/2021                                    
Property   1.05 Extra Space Alpharetta 3/9/2021 $13,650,000 2/26/2021                                    
Property   1.06 Extra Space Fleming Island 3/9/2021 $14,550,000 3/2/2021                                    
Property   1.07 Extra Space Marietta 3/9/2021 $12,050,000 2/26/2021                                    
Loan 11, 12 2 215 Coles Street 5/6/2021 $124,500,000 3/9/2021   3.3100% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 60 59 60 59 0
Loan 6, 7, 9 3 Ahold Portfolio   $101,700,000 2/10/2021   2.7420% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Property   3.01 Stop & Shop - South Yarmouth 5/1/2021 $34,500,000 2/10/2021                                    
Property   3.02 Stop & Shop - Peabody 5/1/2021 $21,600,000 2/10/2021                                    
Property   3.03 Stop & Shop - Arlington 5/1/2021 $21,600,000 2/10/2021                                    
Property   3.04 Stop & Shop - Lexington 5/1/2021 $18,900,000 2/10/2021                                    
Loan 6, 9 4 NOLA Logistics Portfolio   $60,300,000 3/11/2021   3.7550% 0.04658% 0.00250% 0.03250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Property   4.01 115 Canvasback Drive 3/25/2021 N/A N/A                                    
Property   4.02 150 Teal Street 3/25/2021 N/A N/A                                    
Property   4.03 120 Mallard Street 3/25/2021 N/A N/A                                    
Property   4.04 110 Widgeon Drive 3/25/2021 N/A N/A                                    
Property   4.05 150 James Drive East 3/25/2021 N/A N/A                                    
Property   4.06 161 James Drive West 3/25/2021 N/A N/A                                    
Property   4.07 100 James Drive 3/25/2021 N/A N/A                                    
Property   4.08 150 Canvasback Drive 3/25/2021 N/A N/A                                    
Property   4.09 125 James Drive West 3/25/2021 N/A N/A                                    
Property   4.10 190 James Drive East 3/25/2021 N/A N/A                                    
Property   4.11 160 James Drive East 3/25/2021 N/A N/A                                    
Property   4.12 107 Mallard Street 3/25/2021 N/A N/A                                    
Property   4.13 125 Mallard Street 3/25/2021 N/A N/A                                    
Property   4.14 143 Mallard Street 3/25/2021 N/A N/A                                    
Property   4.15 115 James Drive West 3/25/2021 N/A N/A                                    
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay   $4,600,000,000     3.5580% 0.01471% 0.00250% 0.00000% 0.00063% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 14 Yes 120 106 120 106 0
Property   5.01 MGM Grand 12/31/2020 $2,505,000,000 1/10/2020                                    
Property   5.02 Mandalay Bay 12/31/2020 $2,095,000,000 1/10/2020                                    
Loan 17 6 Lullwater at Blair Stone 3/1/2021 $51,000,000 2/25/2021   3.8100% 0.04408% 0.00250% 0.03000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 2 No 120 118 120 118 0
Loan   7 Woods on LaMonte 2/25/2021 $46,500,000 1/22/2021   3.6900% 0.03408% 0.00250% 0.02000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 2 No 120 118 120 118 0
Loan   8 Olympus Corporate Center 3/16/2021 $45,500,000 2/16/2021   3.5900% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 60 59 360
Loan   9 The District - Airpark 2/1/2021 $41,400,000 1/19/2021   3.5800% 0.03408% 0.00250% 0.02000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   10 Allied Plaza 3/22/2021 $42,000,000 3/8/2021   2.9800% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan 6 11 Central Canal Company Industrial Portfolio   $40,150,000     3.9130% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Property   11.01 Venture & Forsyth 3/23/2021 $17,700,000 3/11/2021                                    
Property   11.02 Carter I & II 3/23/2021 $7,100,000 3/11/2021                                    
Property   11.03 Northstar Business Park 3/23/2021 $6,450,000 3/11/2021                                    
Property   11.04 Michigan I & II 3/23/2021 $3,900,000 3/11/2021                                    
Property   11.05 Taft Vineland 3/23/2021 $3,700,000 3/11/2021                                    
Property   11.06 Lyman Road 3/23/2021 $1,300,000 3/11/2021                                    
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio   $130,100,000     3.8400% 0.01533% 0.00250% 0.00000% 0.00125% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 4 No 120 116 36 32 360
Property   12.01 Hauppauge Office Park 12/1/2020 $97,100,000 6/10/2020                                    
Property   12.02 20 Commerce 12/1/2020 $33,000,000 6/11/2020                                    
Loan 20 13 12510 & 12600 Cardinal Meadow 12/31/2020 $25,100,000 12/8/2020   4.4300% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 0 0 360
Loan 8 14 Sunrise Corporate Plaza I 2/28/2021 $24,900,000 3/1/2021   3.6300% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   15 Colonnades West 12/31/2020 $23,100,000 10/31/2019   3.8100% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 16 No 120 104 120 104 0
Loan   16 LA Creative Industrial Portfolio 4/5/2021 $30,800,000 11/20/2020   4.0950% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   17 Frankfort Crossing 12/7/2020 $22,600,000 2/6/2021   3.4500% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 60 59 360
Loan 6, 9 18 East Boston Multifamily Portfolio 1   $24,100,000 2/3/2021   4.7620% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Property   18.01 298-300 Meridian Street 3/16/2021 $5,380,000 2/3/2021                                    
Property   18.02 151-153 Meridian Street 3/16/2021 $2,230,000 2/3/2021                                    
Property   18.03 108-110 Meridian Street 3/16/2021 $2,190,000 2/3/2021                                    
Property   18.04 144-146 Chester Avenue 3/16/2021 $1,660,000 2/3/2021                                    
Property   18.05 236 Princeton Street 3/16/2021 $1,360,000 2/3/2021                                    
Property   18.06 346 Chelsea Street 3/16/2021 $1,220,000 2/3/2021                                    
Property   18.07 151 Saratoga Street 3/16/2021 $1,220,000 2/3/2021                                    
Property   18.08 17 Morris Street 3/16/2021 $1,180,000 2/3/2021                                    
Property   18.09 8 Curtis Street 3/16/2021 $1,160,000 2/3/2021                                    
Property   18.10 329 Paris Street 3/16/2021 $1,130,000 2/3/2021                                    
Property   18.11 187 Maverick Street 3/16/2021 $1,090,000 2/3/2021                                    
Property   18.12 62 Chelsea Street 3/16/2021 $1,040,000 2/3/2021                                    
Property   18.13 26 Decatur Street 3/16/2021 $1,040,000 2/3/2021                                    
Property   18.14 133 Eutaw Street 3/16/2021 $1,030,000 2/3/2021                                    
Loan 6 19 Jones Estates Portfolio   $18,515,000     4.1000% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 36 36 360
Property   19.01 Massengills MHC 3/1/2021 $4,900,000 2/18/2021                                    
Property   19.02 Brookhaven MHC 3/1/2021 $4,150,000 2/19/2021                                    

 

A-1-7 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Occupancy Rate
As-of Date
Appraised
Value
Appraised Value
As-of Date
  Mortgage
Rate
Administrative
Fee Rate(3)
Master Servicing
Fee Rate
Primary Servicing
Fee Rate
Pari Passu
Loan Primary Servicing
Fee Rate
Trustee
Fee Rate
Trust Advisor
Fee Rate
Asset Representations Reviewer Fee Rate CREFC
Fee Rate
Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original
Interest-Only
Period (mos.)
Remaining
Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Property   19.03 Leisure Park MHC 3/1/2021 $2,800,000 2/15/2021                                    
Property   19.04 Twin Branch MHC 3/1/2021 $2,525,000 2/15/2021                                    
Property   19.05 Hannibal MHC 3/1/2021 $1,740,000 2/19/2021                                    
Property   19.06 Whispering Pines 3/1/2021 $1,490,000 2/15/2021                                    
Property   19.07 Avalon MHC 3/1/2021 $910,000 2/15/2021                                    
Loan 6, 7 20 Archer Portfolio   $22,600,000     4.4600% 0.04658% 0.00250% 0.03250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 60 59 360
Property   20.01 Crown Point Center 1/1/2021 $10,200,000 2/4/2021                                    
Property   20.02 Spanish Village 3/1/2021 $6,800,000 2/3/2021                                    
Property   20.03 Bouquet Canyon 1/1/2021 $5,600,000 1/27/2021                                    
Loan 21 21 6851 River Road 5/6/2021 $23,650,000 2/26/2021   4.1720% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 0 0 240
Loan 5 22 Appletree Business Park 11/18/2020 $87,500,000 11/10/2020   3.8420% 0.01533% 0.00250% 0.00000% 0.00125% 0.00912% 0.00164% 0.00032% 0.00050% 30/360 5 No 120 115 24 19 360
Loan   23 179 East 116th Street 3/15/2021 $20,650,000 3/2/2021   4.0670% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan 9, 22, 23 24 25-22 30th Drive 3/30/2021 $19,100,000 5/1/2021   4.3360% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   25 The Villas at Willow Run 3/18/2021 $17,000,000 2/11/2021   3.7450% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   26 Pillars at HBU 3/8/2021 $19,200,000 1/14/2021   3.8600% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan 6, 7 27 Indy Multifamily   $14,700,000     3.8500% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 2 No 120 118 120 118 0
Property   27.01 The Delaware 2/1/2021 $9,600,000 1/22/2021                                    
Property   27.02 632 MLK Apartments 2/1/2021 $5,100,000 1/22/2021                                    
Loan   28 4500 Alexander Boulevard Northeast 2/28/2021 $13,200,000 1/5/2021   4.4000% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 60 60 6 6 360
Loan 6, 7 29 MC Office Portfolio   $14,200,000     3.8840% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 0 0 360
Property   29.01 43630 Hayes Road 3/3/2021 $5,600,000 1/19/2021                                    
Property   29.02 15950 East 12 Mile Road 3/3/2021 $2,600,000 1/19/2021                                    
Property   29.03 43740 North Groesbeck Highway 5/6/2021 $2,400,000 1/19/2021                                    
Property   29.04 30117 Schoenherr Road 3/3/2021 $1,800,000 1/19/2021                                    
Property   29.05 30300 Hoover Road 5/6/2021 $1,800,000 1/19/2021                                    
Loan   30 Durango Commons 11/1/2020 $13,275,000 2/17/2021   3.9950% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   31 Savannah Industrial 2/1/2021 $13,125,000 2/25/2021   4.2900% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   32 Route 1 Self Storage 2/23/2021 $14,925,000 1/6/2021   3.3250% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan 24 33 486 East 28th Street 3/16/2021 $12,700,000 3/1/2021   4.0250% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   34 Riverwood Research Center 2/1/2021 $10,600,000 2/5/2021   3.9100% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 12 11 360
Loan   35 Menifee Range Self Storage and RV 1/10/2021 $16,400,000 1/10/2021   3.2700% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   36 Dollar Self Storage #10 - Apache Junction 1/21/2021 $12,700,000 1/25/2021   3.7800% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 36 35 360
Loan 6 37 StorWise SS Portfolio - Tahoe   $11,580,000     3.9990% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 2 No 120 118 0 0 360
Property   37.01 StorWise Kingsbury 2/17/2021 $7,480,000 1/19/2021                                    
Property   37.02 StorWise Tahoe 2/17/2021 $4,100,000 1/19/2021                                    
Loan   38 Marshall Avenue Industrial Park 3/1/2021 $11,450,000 3/10/2021   3.9900% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan 25 39 Montgomery Self Storage 2/18/2021 $10,350,000 2/22/2021   3.7900% 0.05658% 0.00250% 0.04250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 60 59 360
Loan   40 Store Safe Baton Rouge 1/22/2021 $10,000,000 1/25/2021   4.0000% 0.06658% 0.00250% 0.05250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan 26 41 Desert’s Edge RV Park 2/9/2021 $15,600,000 2/17/2021   3.7150% 0.07408% 0.00250% 0.06000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   42 Friar’s Branch Crossing 3/1/2021 $8,900,000 3/2/2021   3.6800% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 36 36 360
Loan   43 Lantern Building 3/5/2021 $8,250,000 12/3/2020   4.4800% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 36 35 360
Loan   44 A&S Apartments 2/2/2021 $8,600,000 11/19/2020   3.8600% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan 6 45 CVS Portfolio   $7,750,000     4.7700% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 60 59 360
Property   45.01 CVS Fort Wayne 5/6/2021 $4,000,000 12/3/2020                                    
Property   45.02 CVS Garden City 5/6/2021 $3,750,000 11/25/2020                                    
Loan   46 Hollywood 95 Office Center 3/22/2021 $11,000,000 2/19/2021   3.6870% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan 5 47 McCarthy Ranch 12/31/2020 $74,400,000 12/4/2019   3.6940% 0.01658% 0.00250% 0.00000% 0.00250% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 15 No 120 105 120 105 0
Loan   48 Whitehall Apartments 2/2/2021 $8,500,000 11/16/2020   3.8600% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan   49 Baychester Shopping Center 3/18/2021 $18,200,000 2/9/2021   3.6950% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   50 Inverness Dental and Medical Plaza 3/1/2021 $7,250,000 2/4/2021   3.9990% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 60 59 360
Loan   51 CubeSmart Winston-Salem 2/11/2021 $10,200,000 12/17/2020   4.0800% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   52 2015-2021 West Race Avenue 2/20/2021 $5,700,000 2/26/2021   4.3200% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 24 23 360
Loan   53 Comfort Inn & Suites Southport 11/30/2020 $7,600,000 5/30/2019   4.3900% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 21 No 120 99 0 0 360
Loan 27 54 1101 California Avenue 3/31/2021 $7,200,000 3/1/2021   3.9660% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   55 E&B Apartments 2/2/2021 $7,100,000 11/19/2020   3.8600% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan   56 Cedar Lofts Apartments 3/1/2021 $7,500,000 1/20/2021   4.4850% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 2 No 120 118 120 118 0
Loan 6 57 Keepsake Storage Portfolio   $5,275,000     4.4900% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 24 23 360
Property   57.01 Commonwealth Storage 3/18/2021 $3,400,000 2/24/2021                                    
Property   57.02 Keepsake Storage 3/18/2021 $1,875,000 2/24/2021                                    
Loan   58 Anchor Baker Storage 3/24/2021 $4,960,000 3/4/2021   4.4460% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 36 35 360
Loan 8, 28 59 571 Hudson Coop 2/1/2021 $36,332,500 2/5/2021   3.4200% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   60 1425 Bruckner Fee N/A $6,100,000 3/1/2021   4.1400% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   61 Grand Avenue Storage 2/28/2021 $5,300,000 2/25/2021   3.8100% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 120 119 0
Loan   62 Anchor Mini Storage 3/24/2021 $4,230,000 3/4/2021   4.4460% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 24 23 360
Loan   63 Netana Apartments 2/2/2021 $4,200,000 11/19/2020   3.8600% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan   64 Windy Acres MHC 3/3/2021 $5,090,000 3/11/2021   3.5900% 0.02408% 0.00250% 0.01000% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 0 No 120 120 120 120 0
Loan 6 65 Maple Hills & Walnut Valley MHP   $3,680,000     4.5580% 0.01658% 0.00250% 0.00250% 0.00000% 0.00912% 0.00164% 0.00032% 0.00050% Actual/360 1 No 120 119 24 23 360
Property   65.01 Maple Hills MHP 3/25/2021 $2,130,000 3/15/2021                                    
Property   65.02 Walnut Valley MHP 3/25/2021 $1,550,000 3/15/2021                                    

 

A-1-8 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
ARD Loan
Final Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
Annual Debt
Service
(P&I)
Annual Debt
Service
(IO)
Lockbox Type Cash Management Status Crossed With
Other Loans
Related-Borrower Loans UW NOI
DSCR (P&I)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)
UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio 0 4/16/2021 6/6/2021 N/A 5/6/2031 5/6/2031 $0.00 $219,126.74 $0.00 $2,629,520.88 Soft In Place No N/A N/A 1.92x N/A 1.89x 46.3%
Property   1.01 Extra Space Brickell                                      
Property   1.02 Extra Space Ocoee                                      
Property   1.03 Extra Space West Doral                                      
Property   1.04 Extra Space Coconut Grove                                      
Property   1.05 Extra Space Alpharetta                                      
Property   1.06 Extra Space Fleming Island                                      
Property   1.07 Extra Space Marietta                                      
Loan 11, 12 2 215 Coles Street 0 4/6/2021 5/6/2021 N/A 4/6/2026 4/6/2026 $0.00 $167,798.61 $0.00 $2,013,583.33 Hard Springing No N/A N/A 3.23x N/A 3.03x 48.2%
Loan 6, 7, 9 3 Ahold Portfolio 0 3/10/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $99,457.48 $0.00 $1,193,489.76 None Springing No N/A N/A 3.43x N/A 3.37x 42.2%
Property   3.01 Stop & Shop - South Yarmouth                                      
Property   3.02 Stop & Shop - Peabody                                      
Property   3.03 Stop & Shop - Arlington                                      
Property   3.04 Stop & Shop - Lexington                                      
Loan 6, 9 4 NOLA Logistics Portfolio 0 3/30/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $120,559.84 $0.00 $1,446,718.06 Springing Springing No N/A N/A 2.63x N/A 2.40x 63.0%
Property   4.01 115 Canvasback Drive                                      
Property   4.02 150 Teal Street                                      
Property   4.03 120 Mallard Street                                      
Property   4.04 110 Widgeon Drive                                      
Property   4.05 150 James Drive East                                      
Property   4.06 161 James Drive West                                      
Property   4.07 100 James Drive                                      
Property   4.08 150 Canvasback Drive                                      
Property   4.09 125 James Drive West                                      
Property   4.10 190 James Drive East                                      
Property   4.11 160 James Drive East                                      
Property   4.12 107 Mallard Street                                      
Property   4.13 125 Mallard Street                                      
Property   4.14 143 Mallard Street                                      
Property   4.15 115 James Drive West                                      
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay 0 2/14/2020 4/5/2020 N/A 3/5/2030 3/5/2032 $0.00 $109,265.64 $0.00 $1,311,187.68 Hard Springing No N/A N/A 4.95x N/A 4.95x 35.5%
Property   5.01 MGM Grand                                      
Property   5.02 Mandalay Bay                                      
Loan 17 6 Lullwater at Blair Stone 0 3/4/2021 4/6/2021 N/A 3/6/2031 3/6/2031 $0.00 $100,950.89 $0.00 $1,211,410.68 Springing Springing No N/A N/A 2.06x N/A 2.01x 61.5%
Loan   7 Woods on LaMonte 0 3/1/2021 4/1/2021 N/A 3/1/2031 3/1/2031 $0.00 $93,016.83 $0.00 $1,116,201.96 Springing Springing No N/A N/A 2.19x N/A 2.05x 64.2%
Loan   8 Olympus Corporate Center 360 3/25/2021 5/1/2021 5/1/2026 4/1/2031 4/1/2031 $115,791.32 $77,347.05 $1,389,495.84 $928,164.60 None In Place No N/A 2.26x 3.38x 2.07x 3.10x 56.0%
Loan   9 The District - Airpark 0 3/4/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $76,829.12 $0.00 $921,949.44 Springing Springing No N/A N/A 2.92x N/A 2.70x 61.4%
Loan   10 Allied Plaza 0 4/1/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $51,615.39 $0.00 $619,384.72 Springing Springing No N/A N/A 4.55x N/A 4.27x 48.8%
Loan 6 11 Central Canal Company Industrial Portfolio 0 4/2/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $66,122.45 $0.00 $793,469.44 Springing Springing No N/A N/A 3.39x N/A 3.22x 49.8%
Property   11.01 Venture & Forsyth                                      
Property   11.02 Carter I & II                                      
Property   11.03 Northstar Business Park                                      
Property   11.04 Michigan I & II                                      
Property   11.05 Taft Vineland                                      
Property   11.06 Lyman Road                                      
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio 360 12/7/2020 2/6/2021 2/6/2024 1/6/2031 1/6/2031 $92,565.84 $64,139.42 $1,110,790.08 $769,673.07 Hard Springing No N/A 1.64x 2.36x 1.50x 2.16x 69.0%
Property   12.01 Hauppauge Office Park                                      
Property   12.02 20 Commerce                                      
Loan 20 13 12510 & 12600 Cardinal Meadow 359 3/26/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $83,219.73 $0.00 $998,636.76 $0.00 Springing Springing No N/A 1.64x N/A 1.51x N/A 65.9%
Loan 8 14 Sunrise Corporate Plaza I 0 3/24/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $49,838.98 $0.00 $598,067.76 Springing Springing No N/A N/A 2.85x N/A 2.45x 65.3%
Loan   15 Colonnades West 0 12/30/2019 2/1/2020 N/A 1/1/2030 1/1/2030 $0.00 $49,924.98 $0.00 $599,099.76 Springing Springing No N/A N/A 2.78x N/A 2.70x 67.1%
Loan   16 LA Creative Industrial Portfolio 0 4/6/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $52,763.41 $0.00 $633,160.94 Springing Springing No N/A N/A 2.81x N/A 2.70x 49.5%
Loan   17 Frankfort Crossing 360 3/19/2021 5/1/2021 5/1/2026 4/1/2031 4/1/2031 $65,153.71 $42,557.99 $781,844.52 $510,695.88 Springing Springing No N/A 1.98x 3.03x 1.82x 2.79x 64.6%
Loan 6, 9 18 East Boston Multifamily Portfolio 1 0 3/22/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $57,937.67 $0.00 $695,252.00 Hard Springing No N/A N/A 1.56x N/A 1.54x 59.8%
Property   18.01 298-300 Meridian Street                                      
Property   18.02 151-153 Meridian Street                                      
Property   18.03 108-110 Meridian Street                                      
Property   18.04 144-146 Chester Avenue                                      
Property   18.05 236 Princeton Street                                      
Property   18.06 346 Chelsea Street                                      
Property   18.07 151 Saratoga Street                                      
Property   18.08 17 Morris Street                                      
Property   18.09 8 Curtis Street                                      
Property   18.10 329 Paris Street                                      
Property   18.11 187 Maverick Street                                      
Property   18.12 62 Chelsea Street                                      
Property   18.13 26 Decatur Street                                      
Property   18.14 133 Eutaw Street                                      
Loan 6 19 Jones Estates Portfolio 360 4/19/2021 6/1/2021 6/1/2024 5/1/2031 5/1/2031 $62,574.19 $44,860.36 $750,890.28 $538,324.32 Springing Springing No N/A 1.52x 2.12x 1.49x 2.08x 69.9%
Property   19.01 Massengills MHC                                      
Property   19.02 Brookhaven MHC                                      

 

A-1-9 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
ARD Loan
Final Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
Annual Debt
Service
(P&I)
Annual Debt
Service
(IO)
Lockbox Type Cash Management Status Crossed With
Other Loans
Related-Borrower Loans UW NOI
DSCR (P&I)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)
UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio
Property   19.03 Leisure Park MHC                                      
Property   19.04 Twin Branch MHC                                      
Property   19.05 Hannibal MHC                                      
Property   19.06 Whispering Pines                                      
Property   19.07 Avalon MHC                                      
Loan 6, 7 20 Archer Portfolio 360 3/10/2021 5/1/2021 5/1/2026 4/1/2031 4/1/2031 $64,738.45 $48,373.50 $776,861.40 $580,482.00 Soft Springing No N/A 1.80x 2.41x 1.66x 2.22x 56.8%
Property   20.01 Crown Point Center                                      
Property   20.02 Spanish Village                                      
Property   20.03 Bouquet Canyon                                      
Loan 21 21 6851 River Road 239 4/1/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $76,885.23 $0.00 $922,622.76 $0.00 Hard Springing No N/A 1.59x N/A 1.57x N/A 52.7%
Loan 5 22 Appletree Business Park 360 11/25/2020 1/6/2021 1/6/2023 12/6/2030 12/6/2030 $57,607.23 $39,380.50 $691,286.76 $472,566.00 Hard In Place No N/A 2.03x 2.97x 1.92x 2.81x 56.9%
Loan   23 179 East 116th Street 0 3/31/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $41,234.86 $0.00 $494,818.33 Springing Springing No N/A N/A 2.02x N/A 1.94x 58.1%
Loan 9, 22, 23 24 25-22 30th Drive 0 4/1/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $43,962.22 $0.00 $527,546.67 Springing Springing No N/A N/A 1.49x N/A 1.49x 58.1%
Loan   25 The Villas at Willow Run 0 4/1/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $34,964.17 $0.00 $419,570.04 Springing Springing No N/A N/A 2.14x N/A 2.09x 65.0%
Loan   26 Pillars at HBU 0 3/12/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $30,330.49 $0.00 $363,965.88 Hard Springing No N/A N/A 3.08x N/A 3.01x 48.4%
Loan 6, 7 27 Indy Multifamily 0 2/25/2021 4/1/2021 N/A 3/1/2031 3/1/2031 $0.00 $29,812.77 $0.00 $357,753.24 Springing Springing No N/A N/A 2.33x N/A 2.24x 62.3%
Property   27.01 The Delaware                                      
Property   27.02 632 MLK Apartments                                      
Loan   28 4500 Alexander Boulevard Northeast 360 4/9/2021 6/6/2021 12/6/2021 5/6/2026 5/6/2026 $45,068.48 $33,458.33 $540,821.76 $401,499.96 Hard Springing No N/A 1.76x 2.38x 1.67x 2.25x 68.2%
Loan 6, 7 29 MC Office Portfolio 359 3/9/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $42,367.68 $0.00 $508,412.16 $0.00 Springing Springing No N/A 2.49x N/A 2.29x N/A 63.3%
Property   29.01 43630 Hayes Road                                      
Property   29.02 15950 East 12 Mile Road                                      
Property   29.03 43740 North Groesbeck Highway                                      
Property   29.04 30117 Schoenherr Road                                      
Property   29.05 30300 Hoover Road                                      
Loan   30 Durango Commons 0 4/1/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $29,112.87 $0.00 $349,354.44 Hard Springing No N/A N/A 2.47x N/A 2.20x 65.0%
Loan   31 Savannah Industrial 0 3/31/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $30,918.29 $0.00 $371,019.48 Springing Springing No N/A N/A 2.08x N/A 1.94x 65.0%
Loan   32 Route 1 Self Storage 0 3/9/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $23,317.33 $0.00 $279,807.96 Springing Springing No N/A N/A 2.79x N/A 2.74x 55.6%
Loan 24 33 486 East 28th Street 0 3/19/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $27,886.17 $0.00 $334,634.03 Springing Springing No N/A N/A 1.75x N/A 1.74x 64.6%
Loan   34 Riverwood Research Center 360 3/4/2021 5/1/2021 5/1/2022 4/1/2031 4/1/2031 $37,210.25 $26,030.62 $446,523.00 $312,367.44 Springing Springing No Group B 1.79x 2.55x 1.60x 2.29x 74.3%
Loan   35 Menifee Range Self Storage and RV 0 3/2/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $20,721.35 $0.00 $248,656.20 Springing Springing No N/A N/A 3.20x N/A 3.14x 45.7%
Loan   36 Dollar Self Storage #10 - Apache Junction 360 3/2/2021 5/1/2021 5/1/2024 4/1/2031 4/1/2031 $33,699.42 $23,154.69 $404,393.04 $277,856.28 Springing Springing No N/A 1.77x 2.58x 1.75x 2.54x 57.1%
Loan 6 37 StorWise SS Portfolio - Tahoe 358 2/25/2021 4/6/2021 N/A 3/6/2031 3/6/2031 $33,176.36 $0.00 $398,116.32 $0.00 Springing Springing No N/A 1.48x N/A 1.46x N/A 59.9%
Property   37.01 StorWise Kingsbury                                      
Property   37.02 StorWise Tahoe                                      
Loan   38 Marshall Avenue Industrial Park 0 4/14/2021 6/6/2021 N/A 5/6/2031 5/6/2031 $0.00 $22,924.03 $0.00 $275,088.36 Hard Springing No N/A N/A 2.50x N/A 2.21x 59.4%
Loan 25 39 Montgomery Self Storage 360 3/11/2021 5/6/2021 5/6/2026 4/6/2031 4/6/2031 $31,181.01 $21,454.73 $374,172.12 $257,456.81 Springing Springing No N/A 1.48x 2.15x 1.46x 2.12x 60.9%
Loan   40 Store Safe Baton Rouge 0 4/2/2021 6/1/2021 N/A 5/1/2031 5/1/2031 $0.00 $22,359.63 $0.00 $268,315.56 Springing Springing No N/A N/A 2.56x N/A 2.49x 66.2%
Loan 26 41 Desert’s Edge RV Park 0 3/30/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $18,832.99 $0.00 $225,995.88 Springing Springing No N/A N/A 4.23x N/A 4.18x 38.5%
Loan   42 Friar’s Branch Crossing 360 4/8/2021 6/1/2021 6/1/2024 5/1/2031 5/1/2031 $27,250.70 $18,453.45 $327,008.40 $221,441.40 Springing Springing No Group B 2.46x 3.63x 2.18x 3.22x 66.7%
Loan   43 Lantern Building 360 3/12/2021 5/6/2021 5/6/2024 4/6/2031 4/6/2031 $27,802.37 $20,818.52 $333,628.44 $249,822.22 Springing Springing No N/A 1.99x 2.66x 1.67x 2.23x 66.7%
Loan   44 A&S Apartments 0 4/6/2021 6/1/2021 N/A 5/1/2031 5/1/2031 $0.00 $17,611.25 $0.00 $211,335.00 Springing Springing No Group A N/A 2.10x N/A 2.02x 62.8%
Loan 6 45 CVS Portfolio 360 3/19/2021 5/6/2021 5/6/2026 4/6/2031 4/6/2031 $27,711.24 $21,360.10 $332,534.88 $256,321.25 Hard Springing No N/A 1.30x 1.68x 1.30x 1.68x 68.4%
Property   45.01 CVS Fort Wayne                                      
Property   45.02 CVS Garden City                                      
Loan   46 Hollywood 95 Office Center 0 3/25/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $15,575.87 $0.00 $186,910.42 Springing Springing No N/A N/A 3.62x N/A 3.35x 45.5%
Loan 5 47 McCarthy Ranch 0 1/24/2020 3/6/2020 N/A 2/6/2030 2/6/2030 $0.00 $15,605.44 $0.00 $187,265.28 Hard Springing No N/A N/A 2.22x N/A 2.07x 60.5%
Loan   48 Whitehall Apartments 0 4/6/2021 6/1/2021 N/A 5/1/2031 5/1/2031 $0.00 $16,225.18 $0.00 $194,702.16 Springing Springing No Group A N/A 2.05x N/A 1.88x 58.5%
Loan   49 Baychester Shopping Center 0 3/30/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $14,829.18 $0.00 $177,950.16 None None No N/A N/A 4.54x N/A 4.41x 26.1%
Loan   50 Inverness Dental and Medical Plaza 360 3/16/2021 5/1/2021 5/1/2026 4/1/2031 4/1/2031 $22,266.97 $15,760.78 $267,203.64 $189,129.36 Springing Springing No N/A 1.72x 2.43x 1.55x 2.19x 64.3%
Loan   51 CubeSmart Winston-Salem 0 4/1/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $14,219.79 $0.00 $170,637.48 Springing Springing No N/A N/A 2.46x N/A 2.41x 40.4%
Loan   52 2015-2021 West Race Avenue 360 3/31/2021 5/1/2021 5/1/2023 4/1/2031 4/1/2031 $20,461.92 $15,056.25 $245,543.04 $180,675.00 Springing Springing No N/A 1.31x 1.77x 1.30x 1.76x 72.4%
Loan   53 Comfort Inn & Suites Southport 339 7/17/2019 9/1/2019 N/A 8/1/2029 8/1/2029 $20,506.99 $0.00 $246,083.88 $0.00 Springing Springing No N/A 2.47x N/A 2.19x N/A 52.4%
Loan 27 54 1101 California Avenue 0 4/5/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $13,403.61 $0.00 $160,843.33 Springing Springing No N/A N/A 2.55x N/A 2.25x 54.2%
Loan   55 E&B Apartments 0 4/6/2021 6/1/2021 N/A 5/1/2031 5/1/2031 $0.00 $12,963.84 $0.00 $155,566.08 Springing Springing No Group A N/A 2.03x N/A 1.95x 56.0%
Loan   56 Cedar Lofts Apartments 0 3/3/2021 4/6/2021 N/A 3/6/2031 3/6/2031 $0.00 $14,589.23 $0.00 $175,070.76 Springing Springing No N/A N/A 2.57x N/A 2.50x 51.3%
Loan 6 57 Keepsake Storage Portfolio 360 3/26/2021 5/6/2021 5/6/2023 4/6/2031 4/6/2031 $19,484.52 $14,605.49 $233,814.24 $175,265.88 Springing Springing No N/A 1.46x 1.95x 1.41x 1.88x 73.0%
Property   57.01 Commonwealth Storage                                      
Property   57.02 Keepsake Storage                                      
Loan   58 Anchor Baker Storage 360 3/29/2021 5/6/2021 5/6/2024 4/6/2031 4/6/2031 $18,377.09 $13,711.07 $220,525.08 $164,532.88 Springing Springing No N/A 1.48x 1.98x 1.44x 1.93x 73.6%
Loan 8, 28 59 571 Hudson Coop 0 3/31/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $10,113.54 $0.00 $121,362.48 None None No N/A N/A 4.69x N/A 4.66x 9.6%
Loan   60 1425 Bruckner Fee 0 3/23/2021 5/6/2021 N/A 4/6/2031 4/6/2031 $0.00 $12,242.71 $0.00 $146,912.50 Hard Springing No N/A N/A 1.55x N/A 1.55x 57.4%
Loan   61 Grand Avenue Storage 0 3/30/2021 5/1/2021 N/A 4/1/2031 4/1/2031 $0.00 $9,979.20 $0.00 $119,750.40 None None No N/A N/A 2.44x N/A 2.42x 58.5%
Loan   62 Anchor Mini Storage 360 3/29/2021 5/6/2021 5/6/2023 4/6/2031 4/6/2031 $15,104.45 $11,269.38 $181,253.40 $135,232.50 Springing Springing No N/A 1.50x 2.01x 1.46x 1.95x 70.9%
Loan   63 Netana Apartments 0 4/6/2021 6/1/2021 N/A 5/1/2031 5/1/2031 $0.00 $8,642.56 $0.00 $103,710.72 Springing Springing No Group A N/A 2.07x N/A 1.97x 63.1%
Loan   64 Windy Acres MHC 0 4/8/2021 6/1/2021 N/A 5/1/2031 5/1/2031 $0.00 $7,583.04 $0.00 $90,996.48 Springing Springing No N/A N/A 2.43x N/A 2.41x 49.1%
Loan 6 65 Maple Hills & Walnut Valley MHP 360 3/26/2021 5/6/2021 5/6/2023 4/6/2031 4/6/2031 $10,967.95 $8,279.84 $131,615.40 $99,358.07 Springing Springing No N/A 1.56x 2.07x 1.51x 2.00x 58.4%
Property   65.01 Maple Hills MHP                                      
Property   65.02 Walnut Valley MHP                                      

 

A-1-10 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Maturity Date LTV Ratio Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Due Date Prepayment Provisions
(No. of Payments)
YM
Formula
  Third Most
Recent Revenues
Third Most
Recent Expenses
Third Most
Recent NOI
Third
Most Recent
NOI Date
Third Most
Recent NOI
Debt Yield
Second Most
 Recent Revenues
Second Most
 Recent Expenses
Second Most
 Recent NOI
Second
Most Recent
NOI Date
Second Most
Recent NOI
Debt Yield
Most
 Recent Revenues
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio 46.3% 0 0 Sixth LO(24);DEF(92);O(4)     $5,927,669 $2,559,056 $3,368,613 12/31/2018 5.2% $7,310,403 $2,973,176 $4,337,227 12/31/2019 6.7% $7,844,660
Property   1.01 Extra Space Brickell               $1,133,969 $401,066 $732,903 12/31/2018   $1,449,109 $573,609 $875,500 12/31/2019   $1,605,027
Property   1.02 Extra Space Ocoee               $948,301 $469,329 $478,972 12/31/2018   $1,150,576 $485,166 $665,410 12/31/2019   $1,227,670
Property   1.03 Extra Space West Doral               $932,046 $367,552 $564,494 12/31/2018   $1,063,456 $462,647 $600,809 12/31/2019   $1,165,520
Property   1.04 Extra Space Coconut Grove               $826,159 $401,293 $424,866 12/31/2018   $1,031,794 $437,310 $594,484 12/31/2019   $1,098,760
Property   1.05 Extra Space Alpharetta               $718,050 $346,921 $371,129 12/31/2018   $910,337 $366,315 $544,022 12/31/2019   $968,874
Property   1.06 Extra Space Fleming Island               $704,315 $264,106 $440,209 12/31/2018   $926,967 $337,901 $589,066 12/31/2019   $953,913
Property   1.07 Extra Space Marietta               $664,829 $308,789 $356,040 12/31/2018   $778,164 $310,228 $467,936 12/31/2019   $824,896
Loan 11, 12 2 215 Coles Street 48.2% 0 0 Sixth LO(25);DEF(30);O(5)     $6,089,871 $2,024,935 $4,064,936 12/31/2019 6.8% $6,226,049 $1,946,289 $4,279,759 12/31/2020 7.1% $6,176,380
Loan 6, 7, 9 3 Ahold Portfolio 42.2% 0 0 First LO(25);YM1(92);O(3) A   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Property   3.01 Stop & Shop - South Yarmouth               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.02 Stop & Shop - Peabody               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.03 Stop & Shop - Arlington               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.04 Stop & Shop - Lexington               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 6, 9 4 NOLA Logistics Portfolio 63.0% 0 0 Sixth LO(25);DEF(90);O(5)     $4,279,790 $2,097,868 $2,181,922 12/31/2019 T-11 Ann. 5.7% $5,435,667 $2,054,759 $3,380,908 12/31/2020 8.9% $5,474,287
Property   4.01 115 Canvasback Drive               $482,945 $155,015 $327,931 12/31/2019 T-11 Ann.   $583,661 $162,661 $421,000 12/31/2020   $584,536
Property   4.02 150 Teal Street               $410,252 $153,530 $256,722 12/31/2019 T-11 Ann.   $343,578 $155,550 $188,028 12/31/2020   $332,939
Property   4.03 120 Mallard Street               $732,649 $334,977 $397,672 12/31/2019 T-11 Ann.   $670,690 $304,483 $366,207 12/31/2020   $660,639
Property   4.04 110 Widgeon Drive               $310,933 $152,405 $158,528 12/31/2019 T-11 Ann.   $497,184 $172,741 $324,443 12/31/2020   $508,572
Property   4.05 150 James Drive East               $226,426 $149,544 $76,881 12/31/2019 T-11 Ann.   $433,262 $163,538 $269,724 12/31/2020   $465,049
Property   4.06 161 James Drive West               $328,046 $128,095 $199,952 12/31/2019 T-11 Ann.   $408,561 $124,124 $284,437 12/31/2020   $408,488
Property   4.07 100 James Drive               $97,075 $253,085 -$156,010 12/31/2019 T-11 Ann.   $455,610 $247,222 $208,388 12/31/2020   $494,560
Property   4.08 150 Canvasback Drive               $307,250 $99,992 $207,259 12/31/2019 T-11 Ann.   $250,404 $92,112 $158,292 12/31/2020   $227,412
Property   4.09 125 James Drive West               $205,738 $92,761 $112,977 12/31/2019 T-11 Ann.   $240,551 $110,436 $130,115 12/31/2020   $244,343
Property   4.10 190 James Drive East               $325,363 $125,328 $200,035 12/31/2019 T-11 Ann.   $462,918 $108,578 $354,340 12/31/2020   $462,917
Property   4.11 160 James Drive East               $260,086 $199,461 $60,625 12/31/2019 T-11 Ann.   $286,791 $162,378 $124,413 12/31/2020   $285,913
Property   4.12 107 Mallard Street               $61,399 $67,712 -$6,313 12/31/2019 T-11 Ann.   $219,112 $63,245 $155,867 12/31/2020   $230,624
Property   4.13 125 Mallard Street               $245,845 $59,640 $186,205 12/31/2019 T-11 Ann.   $207,675 $60,621 $147,054 12/31/2020   $191,187
Property   4.14 143 Mallard Street               $124,870 $60,566 $64,304 12/31/2019 T-11 Ann.   $132,128 $59,135 $72,993 12/31/2020   $136,039
Property   4.15 115 James Drive West               $160,915 $65,758 $95,157 12/31/2019 T-11 Ann.   $243,542 $67,935 $175,607 12/31/2020   $241,069
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay 35.5% 0 0 Fifth YM0.5(35);DEF/YM0.5(78);O(7) B   $2,191,540,530 $1,574,171,264 $617,369,266 12/31/2018 17.9% $2,106,295,488 $1,586,215,135 $520,080,353 12/31/2019 17.9% $815,610,101
Property   5.01 MGM Grand               $1,226,105,346 $854,539,115 $371,566,231 12/31/2018   $1,161,850,748 $879,242,083 $282,608,665 12/31/2019   $488,436,932
Property   5.02 Mandalay Bay               $965,435,184 $719,632,149 $245,803,035 12/31/2018   $944,444,740 $706,973,052 $237,471,688 12/31/2019   $327,173,169
Loan 17 6 Lullwater at Blair Stone 61.5% 0 0 Sixth LO(26);DEF(90);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $2,900,764
Loan   7 Woods on LaMonte 64.2% 0 5 First LO(26);DEF(89);O(5)     $5,050,418 $2,596,647 $2,453,771 12/31/2019 8.2% $5,235,400 $2,704,382 $2,531,018 12/31/2020 8.5% $5,274,782
Loan   8 Olympus Corporate Center 50.6% 0 0 First LO(25);DEF(92);O(3)     $4,256,004 $1,619,710 $2,636,295 12/31/2018 10.3% $4,346,468 $1,645,814 $2,700,654 12/31/2019 10.6% $4,858,310
Loan   9 The District - Airpark 61.4% 5 5 First LO(25);DEF(91);O(4)     $2,245,912 $529,570 $1,716,341 12/31/2018 6.8% $2,352,519 $535,544 $1,816,975 12/31/2019 7.2% $2,329,203
Loan   10 Allied Plaza 48.8% 0 0 Sixth LO(25);DEF(91);O(4)     $4,163,141 $1,665,358 $2,497,783 12/31/2019 12.2% $4,861,408 $1,838,313 $3,023,095 12/31/2020 14.7% $4,842,254
Loan 6 11 Central Canal Company Industrial Portfolio 49.8% 0 0 Sixth LO(25);DEF(91);O(4)     $3,722,797 $1,442,078 $2,280,719 12/31/2019 11.4% $3,952,760 $1,500,349 $2,452,411 12/31/2020 12.3% $3,985,992
Property   11.01 Venture & Forsyth               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   11.02 Carter I & II               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   11.03 Northstar Business Park               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   11.04 Michigan I & II               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   11.05 Taft Vineland               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   11.06 Lyman Road               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio 59.6% 0 0 Sixth LO(28);DEF(88);O(4)     $12,459,775 $4,598,959 $7,860,816 12/31/2018 8.8% $12,399,240 $4,534,916 $7,864,324 12/31/2019 8.8% $12,255,769
Property   12.01 Hauppauge Office Park               $8,249,472 $2,710,995 $5,538,477 12/31/2018   $8,309,478 $2,617,345 $5,692,134 12/31/2019   $8,485,101
Property   12.02 20 Commerce               $4,210,303 $1,887,964 $2,322,339 12/31/2018   $4,089,762 $1,917,571 $2,172,190 12/31/2019   $3,770,669
Loan 20 13 12510 & 12600 Cardinal Meadow 53.3% 5 5 First LO(25);DEF(91);O(4)     $1,410,000 $401,686 $1,008,314 12/31/2018 6.1% $2,189,691 $387,474 $1,802,217 12/31/2019 10.9% $1,777,859
Loan 8 14 Sunrise Corporate Plaza I 65.3% 5 5 First LO(25);DEF(89);O(6)     $2,783,977 $1,333,045 $1,450,932 12/31/2018 8.9% $2,405,516 $1,249,917 $1,155,599 12/31/2019 7.1% $3,119,691
Loan   15 Colonnades West 67.1% 0 5 First LO(40);DEF(77);O(3)     $2,146,481 $471,999 $1,674,482 12/31/2018 10.8% $2,277,315 $477,263 $1,800,052 10/31/2019 TTM 11.6% $2,248,982
Loan   16 LA Creative Industrial Portfolio 49.5% 0 0 Sixth LO(25);DEF(91);O(4)     $1,514,584 $472,534 $1,042,050 12/31/2019 6.8% $1,975,727 $451,780 $1,523,947 12/31/2020 10.0% $2,008,979
Loan   17 Frankfort Crossing 58.2% 5 5 First LO(25);DEF(91);O(4)     $1,995,917 $562,498 $1,433,419 12/31/2018 9.8% $2,152,628 $524,754 $1,627,874 12/31/2019 11.1% $1,882,662
Loan 6, 9 18 East Boston Multifamily Portfolio 1 59.8% 0 0 Sixth LO(25);DEF(91);O(4)     $1,147,995 $298,502 $849,492 12/31/2019 5.9% $1,330,285 $271,766 $1,058,519 12/31/2020 7.4% $1,395,555
Property   18.01 298-300 Meridian Street               $234,823 $68,185 $166,638 12/31/2019   $303,358 $46,992 $256,366 12/31/2020   $303,863
Property   18.02 151-153 Meridian Street               $136,556 $46,978 $89,577 12/31/2019   $150,709 $38,489 $112,220 12/31/2020   $166,697
Property   18.03 108-110 Meridian Street               N/A N/A N/A N/A   $0 $9,733 -$9,733 12/31/2020   $36,177
Property   18.04 144-146 Chester Avenue               $110,120 $30,602 $79,518 12/31/2019   $108,500 $25,771 $82,729 12/31/2020   $108,950
Property   18.05 236 Princeton Street               $70,892 $15,722 $55,170 12/31/2019   $92,880 $16,208 $76,672 12/31/2020   $95,350
Property   18.06 346 Chelsea Street               $77,050 $15,301 $61,749 12/31/2019   $83,853 $14,488 $69,366 12/31/2020   $83,083
Property   18.07 151 Saratoga Street               $73,901 $15,430 $58,471 12/31/2019   $82,800 $16,817 $65,983 12/31/2020   $82,800
Property   18.08 17 Morris Street               $69,425 $18,568 $50,857 12/31/2019   $72,000 $14,404 $57,596 12/31/2020   $72,000
Property   18.09 8 Curtis Street               $73,550 $13,157 $60,393 12/31/2019   $79,200 $14,059 $65,141 12/31/2020   $79,700
Property   18.10 329 Paris Street               $56,424 $15,309 $41,115 12/31/2019   $73,600 $14,076 $59,524 12/31/2020   $82,800
Property   18.11 187 Maverick Street               $66,800 $14,755 $52,045 12/31/2019   $73,235 $14,016 $59,219 12/31/2020   $73,235
Property   18.12 62 Chelsea Street               $61,055 $12,857 $48,198 12/31/2019   $66,850 $13,995 $52,855 12/31/2020   $67,600
Property   18.13 26 Decatur Street               $46,000 $16,316 $29,684 12/31/2019   $67,700 $17,428 $50,272 12/31/2020   $67,700
Property   18.14 133 Eutaw Street               $71,400 $15,322 $56,078 12/31/2019   $75,600 $15,289 $60,311 12/31/2020   $75,600
Loan 6 19 Jones Estates Portfolio 60.8% 0 0 First LO(24);DEF(93);O(3)     $1,278,150 $508,927 $769,223 12/31/2019 5.9% $1,591,132 $579,481 $1,011,651 12/31/2020 7.8% $1,611,099
Property   19.01 Massengills MHC               $302,573 $98,366 $204,207 12/31/2019   $389,847 $93,505 $296,342 12/31/2020   $391,372
Property   19.02 Brookhaven MHC               $284,040 $119,676 $164,364 12/31/2019   $346,377 $158,825 $187,552 12/31/2020   $353,362

 

A-1-11 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Maturity Date LTV Ratio Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Due Date Prepayment Provisions
(No. of Payments)
YM
Formula
  Third Most
Recent Revenues
Third Most
Recent Expenses
Third Most
Recent NOI
Third
Most Recent
NOI Date
Third Most
Recent NOI
Debt Yield
Second Most
 Recent Revenues
Second Most
 Recent Expenses
Second Most
 Recent NOI
Second
Most Recent
NOI Date
Second Most
Recent NOI
Debt Yield
Most
 Recent Revenues
Property   19.03 Leisure Park MHC               $181,289 $75,908 $105,381 12/31/2019   $237,289 $81,911 $155,378 12/31/2020   $240,843
Property   19.04 Twin Branch MHC               $182,023 $71,142 $110,881 12/31/2019   $236,547 $86,512 $150,035 12/31/2020   $238,358
Property   19.05 Hannibal MHC               $86,857 $31,400 $55,457 12/31/2019   $109,816 $45,984 $63,832 12/31/2020   $112,378
Property   19.06 Whispering Pines               $128,100 $58,339 $69,761 12/31/2019   $149,882 $54,741 $95,141 12/31/2020   $153,003
Property   19.07 Avalon MHC               $113,268 $54,096 $59,172 12/31/2019   $121,374 $58,003 $63,371 12/31/2020   $121,783
Loan 6, 7 20 Archer Portfolio 52.0% 0 0 First LO(25);DEF(88);O(7)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $1,744,984
Property   20.01 Crown Point Center               N/A N/A N/A N/A   N/A N/A N/A N/A   $667,913
Property   20.02 Spanish Village               N/A N/A N/A N/A   N/A N/A N/A N/A   $606,017
Property   20.03 Bouquet Canyon               N/A N/A N/A N/A   N/A N/A N/A N/A   $471,054
Loan 21 21 6851 River Road 32.4% 0 0 Sixth LO(25);DEF(91);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan 5 22 Appletree Business Park 47.6% 0 0 Sixth LO(29);DEF(85);O(6)     $7,069,157 $2,873,552 $4,195,605 12/31/2018 8.4% $8,577,237 $3,090,517 $5,486,720 12/31/2019 11.0% $9,032,798
Loan   23 179 East 116th Street 58.1% 0 0 Sixth LO(25);DEF(91);O(4)     $1,138,777 $276,500 $862,277 11/30/2019 TTM 7.2% $1,308,765 $292,046 $1,016,719 11/30/2020 TTM 8.5% $1,353,658
Loan 9, 22, 23 24 25-22 30th Drive 58.1% 0 0 Sixth LO(25);DEF(91);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   25 The Villas at Willow Run 65.0% 5 5 First LO(24);YM1(1);DEF/YM1(88);O(7) C   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $1,185,766
Loan   26 Pillars at HBU 48.4% 0 0 Sixth LO(25);DEF(91);O(4)     $1,148,378 $383,727 $764,651 12/31/2018 8.2% $1,200,955 $412,427 $788,528 12/31/2019 8.5% $1,347,335
Loan 6, 7 27 Indy Multifamily 62.3% 3 3 First LO(26);DEF(88);O(6)     $1,309,038 $281,991 $1,027,047 12/31/2018 11.2% $1,447,000 $632,811 $814,189 12/31/2019 8.9% $1,452,385
Property   27.01 The Delaware               $836,251 $158,734 $677,517 12/31/2018   $939,315 $372,359 $566,956 12/31/2019   $971,122
Property   27.02 632 MLK Apartments               $472,787 $123,257 $349,530 12/31/2018   $507,685 $260,452 $247,233 12/31/2019   $481,263
Loan   28 4500 Alexander Boulevard Northeast 63.0% 0 0 Sixth LO(24);DEF(32);O(4)     $667,130 $377,900 $289,230 12/31/2019 3.2% $1,153,041 $452,280 $700,761 12/31/2020 7.8% $1,222,734
Loan 6, 7 29 MC Office Portfolio 50.3% 0 0 Sixth LO(25);DEF(90);O(5)     $1,752,630 $361,638 $1,390,992 12/31/2018 15.5% $1,773,327 $418,734 $1,354,593 12/31/2019 15.1% $1,665,590
Property   29.01 43630 Hayes Road               $749,700 $214,481 $535,219 12/31/2018   $731,314 $214,107 $517,207 12/31/2019   $627,524
Property   29.02 15950 East 12 Mile Road               $378,817 $88,794 $290,023 12/31/2018   $304,295 $87,560 $216,735 12/31/2019   $291,738
Property   29.03 43740 North Groesbeck Highway               $293,440 $30,496 $262,944 12/31/2018   $301,732 $48,283 $253,449 12/31/2019   $293,440
Property   29.04 30117 Schoenherr Road               $192,312 $16,960 $175,352 12/31/2018   $235,630 $36,910 $198,720 12/31/2019   $258,146
Property   29.05 30300 Hoover Road               $138,361 $10,907 $127,454 12/31/2018   $200,356 $31,874 $168,482 12/31/2019   $194,742
Loan   30 Durango Commons 65.0% 0 5 First LO(24);YM1(89);O(7) D   $946,586 $233,470 $713,116 12/31/2018 8.3% $1,014,114 $227,866 $786,249 12/31/2019 9.1% $943,716
Loan   31 Savannah Industrial 65.0% 5 5 First LO(25);DEF(91);O(4)     $799,500 $14,889 $784,611 12/31/2018 9.2% $844,000 $11,320 $832,680 12/31/2019 9.8% $831,750
Loan   32 Route 1 Self Storage 55.6% 0 5 First LO(25);DEF(90);O(5)     $1,313,941 $508,079 $805,863 12/31/2019 9.7% $1,258,376 $505,284 $753,092 12/31/2020 9.1% $1,263,236
Loan 24 33 486 East 28th Street 64.6% 0 0 Sixth LO(25);DEF(89);O(6)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   34 Riverwood Research Center 60.8% 0 0 First LO(25);YM1(92);O(3) E   $1,185,218 $367,266 $817,952 12/31/2019 10.4% $1,089,899 $354,713 $735,186 12/31/2020 9.3% $1,058,370
Loan   35 Menifee Range Self Storage and RV 45.7% 5 5 First LO(25);DEF(92);O(3)     $1,088,906 $260,112 $828,795 12/31/2018 11.1% $1,149,772 $251,755 $898,017 12/31/2019 12.0% $1,119,003
Loan   36 Dollar Self Storage #10 - Apache Junction 49.2% 5 5 First LO(25);DEF(92);O(3)     $1,052,616 $378,091 $674,525 12/31/2018 9.3% $1,073,576 $397,220 $676,356 12/31/2019 9.3% $1,127,800
Loan 6 37 StorWise SS Portfolio - Tahoe 47.8% 0 0 Sixth LO(26);DEF(90);O(4)     $727,786 $274,014 $453,772 12/31/2018 6.5% $769,317 $315,210 $454,107 12/31/2019 6.6% $830,937
Property   37.01 StorWise Kingsbury               $428,237 $155,431 $272,806 12/31/2018   $449,026 $175,941 $273,085 12/31/2019   $465,102
Property   37.02 StorWise Tahoe               $299,549 $118,583 $180,966 12/31/2018   $320,291 $139,269 $181,022 12/31/2019   $365,835
Loan   38 Marshall Avenue Industrial Park 59.4% 0 0 Sixth LO(25);YM1(91);O(4) F   $121,511 $168,973 -$47,462 12/31/2019 -0.7% $922,890 $276,139 $646,751 12/31/2020 9.5% $1,037,451
Loan 25 39 Montgomery Self Storage 54.8% 0 0 Sixth LO(25);DEF(91);O(4)     $762,503 $362,986 $399,517 12/31/2019 6.3% $807,501 $280,580 $526,922 12/31/2020 8.4% $825,542
Loan   40 Store Safe Baton Rouge 66.2% 5 5 First LO(24);DEF(92);O(4)     $934,740 $231,377 $703,363 12/31/2018 10.6% $890,759 $268,021 $622,738 12/31/2019 9.4% $913,336
Loan 26 41 Desert’s Edge RV Park 38.5% 5 5 First LO(25);DEF(91);O(4)     $1,771,785 $757,619 $1,014,166 12/31/2019 16.9% $1,844,730 $818,006 $1,026,724 12/31/2020 17.1% $1,824,149
Loan   42 Friar’s Branch Crossing 57.4% 0 0 First LO(25);YM1(92);O(3) E   $829,157 $310,528 $518,629 12/31/2019 8.7% $1,079,839 $244,831 $835,009 12/31/2020 14.1% $1,074,796
Loan   43 Lantern Building 58.4% 0 0 Sixth LO(25);DEF(91);O(4)     $1,540,553 $950,889 $589,664 12/31/2018 10.7% $1,511,920 $892,934 $618,986 12/31/2019 11.3% $1,505,646
Loan   44 A&S Apartments 62.8% 0 0 First LO(24);DEF(93);O(3)     $1,000,700 $621,727 $378,973 12/31/2019 7.0% $1,026,917 $544,194 $482,722 12/31/2020 8.9% $1,011,742
Loan 6 45 CVS Portfolio 62.9% 0 0 Sixth LO(25);DEF(91);O(4)     $733,663 $2,000 $731,663 12/31/2018 13.8% $688,587 $2,000 $686,587 12/31/2019 13.0% $711,124
Property   45.01 CVS Fort Wayne               $292,994 $1,000 $291,994 12/31/2018   $247,918 $1,000 $246,918 12/31/2019   $270,455
Property   45.02 CVS Garden City               $440,669 $1,000 $439,669 12/31/2018   $440,669 $1,000 $439,669 12/31/2019   $440,669
Loan   46 Hollywood 95 Office Center 45.5% 0 0 Sixth LO(25);DEF(90);O(5)     $854,404 $355,596 $498,809 12/31/2019 10.0% $858,853 $337,641 $521,211 12/31/2020 10.4% $874,036
Loan 5 47 McCarthy Ranch 60.5% 0 0 Sixth LO(35);DEF(81);O(4)     $3,806,476 $1,303,754 $2,502,722 12/31/2018 5.6% $5,076,248 $1,368,290 $3,707,958 12/31/2019 8.2% $4,750,741
Loan   48 Whitehall Apartments 58.5% 0 0 First LO(24);DEF(93);O(3)     $1,092,273 $852,226 $240,047 12/31/2019 4.8% $1,052,533 $796,509 $256,023 12/31/2020 5.1% $1,032,340
Loan   49 Baychester Shopping Center 26.1% 0 0 Sixth LO(25);YM1(90);O(5) G   $1,167,906 $453,886 $714,020 12/31/2018 15.0% $1,186,120 $472,118 $714,002 12/31/2019 15.0% $1,307,714
Loan   50 Inverness Dental and Medical Plaza 58.5% 3 3 First LO(25);DEF(92);O(3)     $655,235 $171,930 $483,305 12/31/2019 T-10 10.4% $674,146 $205,266 $468,880 12/31/2020 10.1% $674,059
Loan   51 CubeSmart Winston-Salem 40.4% 15 0 First LO(25);DEF(92);O(3)     $654,265 $264,016 $390,249 12/31/2019 9.5% $745,978 $295,956 $450,023 12/31/2020 10.9% $755,307
Loan   52 2015-2021 West Race Avenue 61.6% 0 5 First LO(25);DEF(92);O(3)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   53 Comfort Inn & Suites Southport 43.6% 15 3 First LO(45);DEF(71);O(4)     $1,921,801 $1,253,933 $667,867 12/31/2018 16.8% $1,997,279 $1,255,940 $741,339 12/31/2019 18.6% $1,678,945
Loan 27 54 1101 California Avenue 54.2% 0 0 Sixth LO(25);DEF(90);O(5)     $682,502 $336,315 $346,188 12/31/2018 8.9% $769,703 $336,227 $433,476 12/31/2019 11.1% $790,987
Loan   55 E&B Apartments 56.0% 0 0 First LO(24);DEF(93);O(3)     $649,168 $325,996 $323,172 12/31/2019 8.1% $672,144 $348,320 $323,823 12/31/2020 8.1% $646,536
Loan   56 Cedar Lofts Apartments 51.3% 0 0 Sixth LO(26);YM2(90);O(4) H   $673,187 $254,033 $419,154 12/31/2018 10.9% $696,843 $266,203 $430,640 12/31/2019 11.2% $695,291
Loan 6 57 Keepsake Storage Portfolio 62.5% 0 0 Sixth LO(25);DEF(91);O(4)     $605,734 $215,241 $390,492 12/31/2019 10.1% $571,940 $227,697 $344,243 12/31/2020 8.9% $591,419
Property   57.01 Commonwealth Storage               $406,873 $129,674 $277,199 12/31/2019   $386,023 $144,671 $241,352 12/31/2020   $395,859
Property   57.02 Keepsake Storage               $198,861 $85,567 $113,293 12/31/2019   $185,917 $83,026 $102,891 12/31/2020   $195,560
Loan   58 Anchor Baker Storage 64.5% 0 0 Sixth LO(25);DEF(91);O(4)     $447,751 $106,774 $340,977 12/31/2019 9.3% $468,980 $81,793 $387,187 12/31/2020 10.6% $471,295
Loan 8, 28 59 571 Hudson Coop 9.6% 0 5 First LO(25);DEF(91);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   60 1425 Bruckner Fee 57.4% 0 0 Sixth LO(25);DEF(89);O(6)     $198,000 $0 $198,000 12/31/2018 5.7% $198,000 $0 $198,000 12/31/2019 5.7% $204,600
Loan   61 Grand Avenue Storage 58.5% 3 3 First LO(25);YM1(92);O(3) I   $403,085 $192,260 $210,825 12/31/2019 6.8% $454,034 $142,266 $311,769 12/31/2020 10.1% $463,977
Loan   62 Anchor Mini Storage 60.6% 0 0 Sixth LO(25);DEF(91);O(4)     $364,933 $85,238 $279,695 12/31/2019 9.3% $378,529 $89,533 $288,996 12/31/2020 9.6% $377,607
Loan   63 Netana Apartments 63.1% 0 0 First LO(24);DEF(93);O(3)     $488,634 $343,887 $144,748 12/31/2019 5.5% $512,630 $310,829 $201,801 12/31/2020 7.6% $515,444
Loan   64 Windy Acres MHC 49.1% 3 3 First LO(24);DEF(93);O(3)     $359,415 $154,644 $204,771 12/31/2018 8.2% $356,867 $154,655 $202,212 12/31/2019 8.1% $364,860
Loan 6 65 Maple Hills & Walnut Valley MHP 50.1% 0 0 Sixth LO(25);DEF(91);O(4)     $266,307 $89,576 $176,731 12/31/2019 8.2% $306,220 $95,922 $210,298 12/31/2020 9.8% $304,556
Property   65.01 Maple Hills MHP               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   65.02 Walnut Valley MHP               N/A N/A N/A N/A   N/A N/A N/A N/A   N/A

 

A-1-12 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Most
 Recent Expenses
Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
Underwritten
Occupancy Rate
Underwritten
Effective Gross Income
Underwritten Total
Expenses
Underwritten NOI Underwritten NOI Debt Yield Underwritten
Replacement
Reserves
Underwritten
TI/LC
Underwritten NCF Underwritten NCF Debt Yield   Largest Tenant Largest
Tenant Lease
Expiration(4)
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio $3,087,265 $4,757,395 12/31/2020 7.3% 86.4% $8,141,703 $3,103,092 $5,038,611 8.1% $74,857 $0 $4,963,754 7.9%      
Property   1.01 Extra Space Brickell $660,652 $944,375 12/31/2020   86.8% $1,668,544 $681,409 $987,135   $11,217 $0 $975,918     N/A N/A
Property   1.02 Extra Space Ocoee $503,214 $724,456 12/31/2020   90.7% $1,329,227 $509,025 $820,201   $14,725 $0 $805,476     N/A N/A
Property   1.03 Extra Space West Doral $462,554 $702,966 12/31/2020   88.7% $1,265,560 $455,283 $810,277   $11,489 $0 $798,787     N/A N/A
Property   1.04 Extra Space Coconut Grove $431,045 $667,715 12/31/2020   89.7% $1,090,396 $428,079 $662,317   $7,777 $0 $654,540     N/A N/A
Property   1.05 Extra Space Alpharetta $366,861 $602,013 12/31/2020   87.2% $1,030,284 $371,110 $659,174   $10,745 $0 $648,429     N/A N/A
Property   1.06 Extra Space Fleming Island $339,482 $614,431 12/31/2020   77.4% $917,960 $331,277 $586,683   $8,935 $0 $577,748     N/A N/A
Property   1.07 Extra Space Marietta $323,457 $501,439 12/31/2020   82.2% $839,732 $326,908 $512,824   $9,969 $0 $502,855     N/A N/A
Loan 11, 12 2 215 Coles Street $1,987,118 $4,189,262 2/28/2021 TTM 7.0% 94.9% $8,595,153 $2,100,288 $6,494,865 10.8% $98,800 $304,000 $6,092,065 10.2%   Mana Holding Company (215 Coles ML LLC) 3/31/2036
Loan 6, 7, 9 3 Ahold Portfolio N/A N/A N/A N/A 97.0% $4,222,855 $126,686 $4,096,169 9.5% $70,367 $0 $4,025,803 9.4%      
Property   3.01 Stop & Shop - South Yarmouth N/A N/A N/A   97.0% $1,509,151 $45,275 $1,463,876   $21,505 $0 $1,442,371     Stop & Shop 12/31/2040
Property   3.02 Stop & Shop - Peabody N/A N/A N/A   97.0% $943,038 $28,291 $914,747   $13,357 $0 $901,390     Stop & Shop 12/31/2040
Property   3.03 Stop & Shop - Arlington N/A N/A N/A   97.0% $945,252 $28,358 $916,895   $16,102 $0 $900,792     Stop & Shop 12/31/2040
Property   3.04 Stop & Shop - Lexington N/A N/A N/A   97.0% $825,414 $24,762 $800,651   $19,402 $0 $781,249     Stop & Shop 12/31/2040
Loan 6, 9 4 NOLA Logistics Portfolio $2,048,365 $3,425,922 1/31/2021 TTM 9.0% 86.3% $5,918,047 $2,119,465 $3,798,581 10.0% $118,891 $208,059 $3,471,631 9.1%      
Property   4.01 115 Canvasback Drive $162,713 $421,823 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     CertiFit, Inc 8/31/2022
Property   4.02 150 Teal Street $155,613 $177,326 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     The Men’s Wearhouse, Inc. 12/31/2023
Property   4.03 120 Mallard Street $303,484 $357,155 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     BRIS Engineering 7/31/2026
Property   4.04 110 Widgeon Drive $172,459 $336,113 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Ryder Integrated Logistics, Inc. 3/31/2023
Property   4.05 150 James Drive East $161,638 $303,411 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     ADT Commercial LLC 5/31/2027
Property   4.06 161 James Drive West $122,630 $285,858 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Mattress Firm 12/31/2024
Property   4.07 100 James Drive $240,129 $254,431 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Ochsner Clinic Foundation 5/31/2027
Property   4.08 150 Canvasback Drive $91,834 $135,578 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Green Shutter Teas, LLC 1/31/2031
Property   4.09 125 James Drive West $112,927 $131,416 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     BW Offshore USA Management 9/30/2030
Property   4.10 190 James Drive East $111,771 $351,146 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Saybolt LP 10/31/2026
Property   4.11 160 James Drive East $161,732 $124,181 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     ADT Security Services 2/28/2025
Property   4.12 107 Mallard Street $63,868 $166,756 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Marquette Transportation Company Gulf-Inland, LLC 5/31/2030
Property   4.13 125 Mallard Street $60,364 $130,823 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Control Union (U.S.A.), Inc. 4/30/2022
Property   4.14 143 Mallard Street $58,549 $77,490 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Northrop Grumman Systems 11/30/2023
Property   4.15 115 James Drive West $68,654 $172,415 1/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     Coram Alternate Site Services 4/30/2022
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay ########## $108,822,815 12/31/2020 17.9% 92.1% $2,106,295,488 $1,586,215,135 $520,080,353 17.9% $32,774,592 $0 $487,305,761 17.9%      
Property   5.01 MGM Grand ########## $75,350,182 12/31/2020   91.4% $1,161,850,748 $879,242,083 $282,608,665   $16,011,953 $0 $266,596,712     N/A N/A
Property   5.02 Mandalay Bay ########## $33,472,632 12/31/2020   92.8% $944,444,740 $706,973,052 $237,471,688   $16,762,639 $0 $220,709,049     N/A N/A
Loan 17 6 Lullwater at Blair Stone $1,434,830 $1,465,934 1/31/2021 TTM 4.7% 93.5% $4,181,413 $1,683,024 $2,498,389 8.0% $61,000 $0 $2,437,389 7.8%   N/A N/A
Loan   7 Woods on LaMonte $2,711,753 $2,563,029 1/31/2021 TTM 8.6% 90.7% $5,274,782 $2,830,486 $2,444,296 8.2% $159,300 $0 $2,284,996 7.7%   N/A N/A
Loan   8 Olympus Corporate Center $1,634,921 $3,223,388 12/31/2020 12.6% 88.2% $4,988,380 $1,846,719 $3,141,661 12.3% $39,293 $221,064 $2,881,303 11.3%   Private National Mortgage Acceptance Company 1/31/2024
Loan   9 The District - Airpark $613,578 $1,715,624 12/31/2020 6.8% 94.4% $3,429,840 $742,287 $2,687,553 10.6% $28,547 $168,425 $2,490,581 9.8%   Surgenex 5/31/2027
Loan   10 Allied Plaza $1,844,498 $2,997,755 2/28/2021 TTM 14.6% 95.0% $4,757,817 $1,942,088 $2,815,728 13.7% $28,811 $144,053 $2,642,865 12.9%   National University 9/30/2023
Loan 6 11 Central Canal Company Industrial Portfolio $1,486,100 $2,499,892 2/28/2021 TTM 12.5% 92.8% $4,179,203 $1,486,630 $2,692,573 13.5% $58,978 $75,000 $2,558,595 12.8%      
Property   11.01 Venture & Forsyth N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     Nestor Ramirez Hernandez MTM
Property   11.02 Carter I & II N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     SYL Roofing Supply MTM
Property   11.03 Northstar Business Park N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     Caligiuri Corp. MTM
Property   11.04 Michigan I & II N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     Custom Design Company MTM
Property   11.05 Taft Vineland N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     The Love Boutique Inc MTM
Property   11.06 Lyman Road N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     Orlando’s Forklift Service MTM
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio $4,394,022 $7,861,747 10/31/2020 TTM 8.8% 87.1% $13,066,360 $4,800,723 $8,265,637 9.2% $119,914 $587,376 $7,558,347 8.4%      
Property   12.01 Hauppauge Office Park $2,471,476 $6,013,625 10/31/2020 TTM   91.7% $8,834,672 $2,867,188 $5,967,484   $60,535 $352,443 $5,554,506     Allstate Insurance 10/31/2026
Property   12.02 20 Commerce $1,922,546 $1,848,123 10/31/2020 TTM   78.8% $4,231,688 $1,933,535 $2,298,154   $59,379 $234,934 $2,003,841     Lerner David Littenberg Krumholz & Mentlik, LLP 6/30/2030
Loan 20 13 12510 & 12600 Cardinal Meadow $424,895 $1,352,964 12/31/2020 8.2% 95.9% $2,267,640 $634,211 $1,633,429 9.9% $31,008 $99,289 $1,503,132 9.1%   Sigma Piping Products LLC 6/19/2029
Loan 8 14 Sunrise Corporate Plaza I $1,254,626 $1,865,065 12/31/2020 11.5% 87.6% $2,978,672 $1,275,303 $1,703,368 10.5% $21,461 $214,300 $1,467,608 9.0%   MacNeill Group, Inc 5/31/2030
Loan   15 Colonnades West $474,292 $1,774,691 12/31/2020 11.4% 92.5% $2,173,215 $507,053 $1,666,162 10.7% $27,216 $18,694 $1,620,252 10.4%   Marshalls 1/31/2024
Loan   16 LA Creative Industrial Portfolio $439,319 $1,569,660 1/31/2021 TTM 10.3% 70.2% $2,251,722 $470,906 $1,780,816 11.7% $21,651 $50,519 $1,708,646 11.2%   Landon E. Brittain 11/30/2021
Loan   17 Frankfort Crossing $471,013 $1,411,649 12/31/2020 9.7% 95.5% $2,047,055 $498,478 $1,548,578 10.6% $18,305 $106,444 $1,423,829 9.8%   Jewel Osco 11/30/2027
Loan 6, 9 18 East Boston Multifamily Portfolio 1 $289,959 $1,105,596 3/31/2021 TTM 7.7% 95.0% $1,423,606 $339,471 $1,084,135 7.5% $14,090 $0 $1,070,045 7.4%      
Property   18.01 298-300 Meridian Street $49,216 $254,648 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.02 151-153 Meridian Street $38,770 $127,927 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.03 108-110 Meridian Street $19,176 $17,000 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.04 144-146 Chester Avenue $25,653 $83,297 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.05 236 Princeton Street $16,066 $79,284 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.06 346 Chelsea Street $16,425 $66,658 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.07 151 Saratoga Street $16,872 $65,928 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.08 17 Morris Street $14,987 $57,013 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.09 8 Curtis Street $15,689 $64,011 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.10 329 Paris Street $14,581 $68,219 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.11 187 Maverick Street $14,159 $59,076 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.12 62 Chelsea Street $14,229 $53,371 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.13 26 Decatur Street $18,435 $49,265 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   18.14 133 Eutaw Street $15,702 $59,898 3/31/2021 TTM   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Loan 6 19 Jones Estates Portfolio $575,789 $1,035,310 1/31/2021 TTM 8.0% 94.5% $1,722,960 $582,386 $1,140,574 8.8% $18,350 $0 $1,122,224 8.7%      
Property   19.01 Massengills MHC $94,149 $297,223 1/31/2021 TTM   93.7% $392,620 $88,934 $303,686   $3,950 $0 $299,736     N/A N/A
Property   19.02 Brookhaven MHC $156,995 $196,367 1/31/2021 TTM   95.0% $394,434 $146,671 $247,763   $4,300 $0 $243,463     N/A N/A

 

A-1-13 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Most
 Recent Expenses
Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
Underwritten
Occupancy Rate
Underwritten
Effective Gross Income
Underwritten Total
Expenses
Underwritten NOI Underwritten NOI Debt Yield Underwritten
Replacement
Reserves
Underwritten
TI/LC
Underwritten NCF Underwritten NCF Debt Yield   Largest Tenant Largest
Tenant Lease
Expiration(4)
Property   19.03 Leisure Park MHC $79,867 $160,976 1/31/2021 TTM   94.4% $248,793 $80,360 $168,433   $2,700 $0 $165,733     N/A N/A
Property   19.04 Twin Branch MHC $86,924 $151,434 1/31/2021 TTM   95.0% $244,506 $88,612 $155,894   $2,700 $0 $153,194     N/A N/A
Property   19.05 Hannibal MHC $46,911 $65,467 1/31/2021 TTM   95.0% $143,338 $47,851 $95,487   $1,250 $0 $94,237     N/A N/A
Property   19.06 Whispering Pines $53,251 $99,752 1/31/2021 TTM   95.0% $166,419 $62,151 $104,268   $1,900 $0 $102,368     N/A N/A
Property   19.07 Avalon MHC $57,692 $64,091 1/31/2021 TTM   93.6% $132,850 $67,807 $65,043   $1,550 $0 $63,493     N/A N/A
Loan 6, 7 20 Archer Portfolio $441,416 $1,303,568 12/31/2020 10.2% 95.0% $2,024,166 $628,046 $1,396,120 10.9% $11,128 $95,643 $1,289,349 10.0%      
Property   20.01 Crown Point Center $157,615 $510,298 12/31/2020   95.0% $897,309 $335,918 $561,391   $2,459 $27,371 $531,561     Xfinity 11/1/2029
Property   20.02 Spanish Village $140,604 $465,413 12/31/2020   95.0% $637,295 $149,439 $487,855   $6,142 $42,991 $438,723     Keeler’s Neighborhood Steakhouse 11/30/2028
Property   20.03 Bouquet Canyon $143,197 $327,857 12/31/2020   95.0% $489,562 $142,689 $346,874   $2,528 $25,281 $319,064     AT&T 2/28/2025
Loan 21 21 6851 River Road N/A N/A N/A N/A 95.0% $1,803,965 $338,910 $1,465,054 11.8% $20,170 $0 $1,444,884 11.6%   Tristate Apartment Furnishers LLC 12/31/2040
Loan 5 22 Appletree Business Park $3,239,290 $5,793,508 10/31/2020 TTM 11.6% 95.1% $8,934,352 $3,259,336 $5,675,015 11.4% $116,956 $190,371 $5,367,688 10.8%   Internal Revenue Service 12/26/2035
Loan   23 179 East 116th Street $292,046 $1,061,612 2/28/2021 TTM 8.8% 94.3% $1,446,142 $448,500 $997,642 8.3% $4,574 $34,305 $958,763 8.0%   Project Renewal Inc 10/15/2028
Loan 9, 22, 23 24 25-22 30th Drive N/A N/A N/A N/A 82.4% $895,797 $107,736 $788,061 7.1% $0 $0 $788,061 7.1%   N/A N/A
Loan   25 The Villas at Willow Run $158,127 $1,027,639 12/31/2020 9.3% 94.9% $1,253,384 $356,941 $896,443 8.1% $18,000 $0 $878,443 7.9%   N/A N/A
Loan   26 Pillars at HBU $403,353 $943,982 12/31/2020 10.2% 88.5% $1,521,506 $399,013 $1,122,493 12.1% $4,754 $23,634 $1,094,106 11.8%   FedEx 8/31/2026
Loan 6, 7 27 Indy Multifamily $591,303 $861,082 1/31/2021 TTM 9.4% 89.4% $1,454,889 $619,966 $834,922 9.1% $23,100 $8,920 $802,902 8.8%      
Property   27.01 The Delaware $366,902 $604,220 1/31/2021 TTM   90.6% $973,625 $391,641 $581,985   $14,100 $8,920 $558,965     N/A N/A
Property   27.02 632 MLK Apartments $224,401 $256,862 1/31/2021 TTM   88.2% $481,263 $228,326 $252,937   $9,000 $0 $243,937     N/A N/A
Loan   28 4500 Alexander Boulevard Northeast $451,623 $771,112 1/31/2021 TTM 8.6% 80.4% $1,453,195 $498,804 $954,391 10.6% $25,631 $25,631 $903,130 10.0%   Express Scripts 3/31/2025
Loan 6, 7 29 MC Office Portfolio $376,655 $1,288,935 12/31/2020 14.3% 95.0% $1,770,542 $506,968 $1,263,574 14.1% $20,699 $77,893 $1,164,982 13.0%      
Property   29.01 43630 Hayes Road $187,747 $439,777 12/31/2020   95.0% $755,451 $245,576 $509,875   $7,907 $31,630 $470,338     Macomb / St. Clair County Workforce Development 6/30/2026
Property   29.02 15950 East 12 Mile Road $73,570 $218,168 12/31/2020   95.0% $294,331 $99,794 $194,537   $4,728 $14,010 $175,799     Macomb / St. Clair County Workforce Development 6/30/2025
Property   29.03 43740 North Groesbeck Highway $30,376 $263,064 12/31/2020   95.0% $278,768 $60,336 $218,432   $4,192 $16,768 $197,472     Macomb County Community Mental Health 9/30/2022
Property   29.04 30117 Schoenherr Road $47,184 $210,962 12/31/2020   95.0% $251,969 $55,633 $196,335   $1,897 $7,586 $186,852     Macomb Physicians Group, PLLC MTM
Property   29.05 30300 Hoover Road $37,778 $156,964 12/31/2020   95.0% $190,024 $45,629 $144,395   $1,975 $7,899 $134,521     Bio-Medical Applications 5/31/2027
Loan   30 Durango Commons $212,051 $731,665 12/31/2020 8.5% 95.7% $1,079,430 $217,452 $861,978 10.0% $5,882 $87,109 $768,987 8.9%   CVS Pharmacy Inc. 6/30/2030
Loan   31 Savannah Industrial $28,782 $802,968 12/31/2020 9.4% 96.1% $1,060,716 $288,402 $772,314 9.1% $14,220 $37,983 $720,110 8.4%   Lummus Corporation 12/31/2028
Loan   32 Route 1 Self Storage $535,973 $727,263 2/28/2021 TTM 8.8% 89.0% $1,263,368 $483,507 $779,861 9.4% $12,649 $0 $767,212 9.2%   N/A N/A
Loan 24 33 486 East 28th Street N/A N/A N/A N/A 95.5% $665,958 $79,396 $586,562 7.2% $5,500 $0 $581,062 7.1%   N/A N/A
Loan   34 Riverwood Research Center $334,763 $723,607 1/31/2021 TTM 9.2% 92.5% $1,204,031 $406,589 $797,442 10.1% $13,628 $68,066 $715,747 9.1%   PACE Southeast Michigan 8/31/2031
Loan   35 Menifee Range Self Storage and RV $273,438 $845,565  12/31/2020 11.3% 96.9% $1,119,003 $322,289 $796,715 10.6% $16,667 $0 $780,048 10.4%   N/A N/A
Loan   36 Dollar Self Storage #10 - Apache Junction $403,871 $723,929  12/31/2020 10.0% 85.4% $1,127,800 $411,839 $715,961 9.9% $9,118 $0 $706,843 9.7%   N/A N/A
Loan 6 37 StorWise SS Portfolio - Tahoe $317,202 $513,735 12/31/2020 7.4% 83.8% $912,503 $324,696 $587,807 8.5% $4,867 $0 $582,940 8.4%      
Property   37.01 StorWise Kingsbury $178,276 $286,826 12/31/2020   82.4% $546,668 $184,814 $361,854   $2,666 $0 $359,188     N/A N/A
Property   37.02 StorWise Tahoe $138,926 $226,909 12/31/2020   86.1% $365,835 $139,882 $225,953   $2,201 $0 $223,752     N/A N/A
Loan   38 Marshall Avenue Industrial Park $297,350 $740,100 3/31/2021 TTM 10.9% 95.0% $1,136,854 $449,652 $687,202 10.1% $6,573 $72,663 $607,966 8.9%   Goodman Manufacturing 7/31/2027
Loan 25 39 Montgomery Self Storage $279,679 $545,862 2/28/2021 TTM 8.7% 77.3% $834,736 $280,055 $554,682 8.8% $9,283 $0 $545,399 8.7%   N/A N/A
Loan   40 Store Safe Baton Rouge $222,079 $691,257 12/31/2020 10.4% 89.0% $948,473 $262,554 $685,920 10.4% $16,549 $0 $669,371 10.1%   N/A N/A
Loan 26 41 Desert’s Edge RV Park $795,938 $1,028,211 2/28/2021 TTM 17.1% 68.4% $1,824,149 $868,904 $955,245 15.9% $11,150 $0 $944,095 15.7%   N/A N/A
Loan   42 Friar’s Branch Crossing $246,626 $828,171 1/31/2021 TTM 14.0% 90.0% $1,163,387 $358,786 $804,601 13.6% $21,973 $68,793 $713,835 12.0%   Avenger Logistics 6/30/2024
Loan   43 Lantern Building $808,179 $697,467 12/31/2020 12.7% 86.3% $1,523,327 $859,024 $664,303 12.1% $25,510 $81,522 $557,271 10.1%   Burk Royalty 11/1/2021
Loan   44 A&S Apartments $431,474 $580,267 1/31/2021 TTM 10.7% 93.8% $993,792 $549,821 $443,971 8.2% $16,704 $0 $427,267 7.9%   N/A N/A
Loan 6 45 CVS Portfolio $2,000 $709,124 2/28/2021 TTM 13.4% 98.0% $436,100 $4,361 $431,739 8.1% $0 $0 $431,739 8.1%      
Property   45.01 CVS Fort Wayne $1,000 $269,455 2/28/2021 TTM   98.0% $215,600 $2,156 $213,444   $0 $0 $213,444     CVS 2/28/2041
Property   45.02 CVS Garden City $1,000 $439,669 2/28/2021 TTM   98.0% $220,500 $2,205 $218,295   $0 $0 $218,295     CVS 2/28/2041
Loan   46 Hollywood 95 Office Center $325,275 $548,761 1/31/2021 TTM 11.0% 90.0% $1,007,295 $330,605 $676,690 13.5% $9,637 $40,000 $627,053 12.5%   Jay Dees 3/31/2023
Loan 5 47 McCarthy Ranch $1,545,180 $3,205,561 12/31/2020 7.1% 84.6% $5,318,525 $1,578,468 $3,740,056 8.3% $53,199 $199,496 $3,487,362 7.7%   Best Buy 1/31/2025
Loan   48 Whitehall Apartments $664,722 $367,617 1/31/2021 TTM 7.4% 88.7% $1,027,457 $629,206 $398,251 8.0% $33,066 $0 $365,185 7.3%   N/A N/A
Loan   49 Baychester Shopping Center $470,823 $836,891 12/31/2020 17.6% 89.0% $1,282,313 $473,693 $808,620 17.0% $15,018 $8,162 $785,441 16.5%   Fine Fare Supermarket 12/31/2031
Loan   50 Inverness Dental and Medical Plaza $205,728 $468,331 1/31/2021 TTM 10.0% 95.0% $661,002 $202,224 $458,778 9.8% $4,004 $41,185 $413,589 8.9%   Inverness Family Dentistry, P.C. 2/28/2031
Loan   51 CubeSmart Winston-Salem $287,703 $467,604 1/31/2021 TTM 11.3% 91.6% $785,342 $366,358 $418,984 10.2% $6,912 $0 $412,072 10.0%   N/A N/A
Loan   52 2015-2021 West Race Avenue N/A N/A N/A N/A 93.8% $415,325 $94,812 $320,513 7.8% $2,000 $0 $318,513 7.7%   N/A N/A
Loan   53 Comfort Inn & Suites Southport $1,066,931 $612,013 11/30/2020 TTM 15.4% 63.4% $1,678,945 $1,071,743 $607,202 15.2% $67,158 $0 $540,044 13.6%   N/A N/A
Loan 27 54 1101 California Avenue $328,177 $462,810 12/31/2020 11.9% 85.9% $741,934 $331,782 $410,151 10.5% $9,529 $39,376 $361,247 9.3%   OnSite Computing 12/31/2021
Loan   55 E&B Apartments $284,255 $362,282 1/31/2021 TTM 9.1% 89.5% $649,322 $333,420 $315,902 7.9% $12,597 $0 $303,305 7.6%   N/A N/A
Loan   56 Cedar Lofts Apartments $249,844 $445,448 12/31/2020 11.6% 95.0% $685,427 $235,600 $449,827 11.7% $11,600 $0 $438,227 11.4%   N/A N/A
Loan 6 57 Keepsake Storage Portfolio $227,847 $363,573 2/28/2021 TTM 9.4% 82.8% $581,264 $239,277 $341,988 8.9% $9,215 $3,540 $329,233 8.6%      
Property   57.01 Commonwealth Storage $146,317 $249,541 2/28/2021 TTM   82.7% $376,089 $160,315 $215,775   $5,896 $3,540 $206,339     N/A N/A
Property   57.02 Keepsake Storage $81,529 $114,031 2/28/2021 TTM   83.0% $205,175 $78,962 $126,213   $3,319 $0 $122,894     N/A N/A
Loan   58 Anchor Baker Storage $85,304 $385,991 2/28/2021 TTM 10.6% 95.0% $459,559 $133,465 $326,094 8.9% $8,504 $0 $317,590 8.7%   N/A N/A
Loan 8, 28 59 571 Hudson Coop N/A N/A N/A N/A 95.1% $1,094,898 $525,711 $569,187 16.3% $3,750 $0 $565,437 16.2%   N/A N/A
Loan   60 1425 Bruckner Fee $0 $204,600 12/31/2020 5.8% 100.0% $231,358 $3,000 $228,358 6.5% $0 $0 $228,358 6.5%   N/A N/A
Loan   61 Grand Avenue Storage $138,486 $325,491 2/28/2021 TTM 10.5% 87.3% $463,977 $171,390 $292,587 9.4% $3,098 $0 $289,489 9.3%   N/A N/A
Loan   62 Anchor Mini Storage $88,391 $289,216 2/28/2021 TTM 9.6% 93.7% $377,607 $106,152 $271,455 9.0% $7,535 $0 $263,920 8.8%   N/A N/A
Loan   63 Netana Apartments $252,120 $263,324 1/31/2021 TTM 9.9% 94.9% $515,443 $301,220 $214,224 8.1% $10,013 $0 $204,211 7.7%   N/A N/A
Loan   64 Windy Acres MHC $133,984 $230,876 9/30/2020 T-9 Ann. 9.2% 95.0% $394,733 $173,270 $221,463 8.9% $2,550 $0 $218,913 8.8%   N/A N/A
Loan 6 65 Maple Hills & Walnut Valley MHP $97,678 $206,878 2/28/2021 TTM 9.6% 83.6% $304,556 $98,805 $205,751 9.6% $6,750 $0 $199,001 9.3%      
Property   65.01 Maple Hills MHP N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A
Property   65.02 Walnut Valley MHP N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A     N/A N/A

 

A-1-14 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration(4)
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
  3rd Largest Tenant 3rd Largest
Tenant Lease
Expiration(4)
3rd Largest
Tenant NSF
3rd Largest
Tenant
% of NSF
 
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio                          
Property   1.01 Extra Space Brickell N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   1.02 Extra Space Ocoee N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   1.03 Extra Space West Doral N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   1.04 Extra Space Coconut Grove N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   1.05 Extra Space Alpharetta N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   1.06 Extra Space Fleming Island N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   1.07 Extra Space Marietta N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 11, 12 2 215 Coles Street 760,000 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6, 7, 9 3 Ahold Portfolio                          
Property   3.01 Stop & Shop - South Yarmouth 113,186 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   3.02 Stop & Shop - Peabody 66,783 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   3.03 Stop & Shop - Arlington 29,277 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   3.04 Stop & Shop - Lexington 45,122 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6, 9 4 NOLA Logistics Portfolio                          
Property   4.01 115 Canvasback Drive 39,310 60.7%   Agility Project Logistics, Inc 1/31/2022 25,440 39.3%   N/A N/A N/A N/A  
Property   4.02 150 Teal Street 5,099 9.5%   Siemens 3/31/2024 4,424 8.3%   Carrier Rental Systems, Inc. 5/31/2026 2,766 5.2%  
Property   4.03 120 Mallard Street 18,534 34.6%   General Services Administration 11/18/2023 10,084 18.8%   Siemens Real Estate 7/31/2028 9,769 18.3%  
Property   4.04 110 Widgeon Drive 13,086 26.3%   Shred-It USA, LLC 4/30/2025 12,416 24.9%   Arbon Equipment Corporation 3/31/2026 10,671 21.4%  
Property   4.05 150 James Drive East 14,318 29.1%   Convergint Technologies 10/31/2023 13,318 27.0%   Deckhouse Ship Supply NOLA, Inc. 5/31/2024 7,552 15.3%  
Property   4.06 161 James Drive West 23,718 50.0%   Amarr Garage Doors 11/30/2022 11,360 23.9%   California Closets 11/30/2024 6,004 12.6%  
Property   4.07 100 James Drive 30,142 70.0%   Hexion, Inc. 10/31/2022 3,229 7.5%   Enterprise Products Operating 11/30/2023 3,228 7.5%  
Property   4.08 150 Canvasback Drive 40,500 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   4.09 125 James Drive West 12,870 33.3%   Sears 5/31/2023 7,943 20.5%   BI Inc. 9/30/2026 5,882 15.2%  
Property   4.10 190 James Drive East 10,076 27.7%   Pharmacy Alternatives 1/31/2022 9,523 26.2%   Interek Caleb Brett 9/30/2021 9,138 25.1%  
Property   4.11 160 James Drive East 10,546 40.9%   Cormeum Lab Services, LLC 4/30/2025 9,340 36.2%   Interek Caleb Brett 12/31/2022 5,886 22.8%  
Property   4.12 107 Mallard Street 13,754 58.7%   Patterson Dental Supply, Inc. 1/31/2023 9,682 41.3%   N/A N/A N/A N/A  
Property   4.13 125 Mallard Street 4,434 18.9%   Southern Power Systems 10/14/2021 3,318 14.2%   N/A N/A N/A N/A  
Property   4.14 143 Mallard Street 7,784 33.2%   Highland Commercial Construction MTM 5,378 22.9%   Enjoy Technology, Inc. 8/31/2021 3,348 14.3%  
Property   4.15 115 James Drive West 9,387 43.8%   BRIS Engineering 8/31/2026 4,466 20.9%   Rhino Shield Gulf South, LLC 7/31/2024 3,456 16.1%  
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay                          
Property   5.01 MGM Grand N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   5.02 Mandalay Bay N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 17 6 Lullwater at Blair Stone N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   7 Woods on LaMonte N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   8 Olympus Corporate Center 24,542 12.5%   Direct Technology 6/30/2022 19,626 10.0%   Nyman Turkish PC 6/30/2028 13,061 6.6%  
Loan   9 The District - Airpark 15,008 10.5%   Imagine Backyard 4/30/2024 14,564 10.2%   Solidifi Title & Closing 1/31/2026 12,664 8.9%  
Loan   10 Allied Plaza 22,833 15.9%   Reilly Financial Advisors, LLC 9/30/2029 14,988 10.4%   Umpqua Bank 6/30/2023 14,736 10.2%  
Loan 6 11 Central Canal Company Industrial Portfolio                          
Property   11.01 Venture & Forsyth 12,625 8.1%   Pryco Movers. Inc. MTM 11,250 7.2%   Shining Green Landscaping MTM 10,500 6.8%  
Property   11.02 Carter I & II 7,500 11.1%   Balforn Services, LLC MTM 4,650 6.9%   Pro Tech Paint and Body, Inc MTM 3,750 5.5%  
Property   11.03 Northstar Business Park 11,600 13.0%   Salt.XO & Jhalesa V Lewis MTM 8,500 9.5%   DSW Homes MTM 7,500 8.4%  
Property   11.04 Michigan I & II 8,000 23.6%   Honda & Acura Solutions MTM 4,950 14.6%   Hendrick Enrique Valle Sal MTM 3,300 9.7%  
Property   11.05 Taft Vineland 5,400 18.3%   Fastenal Company MTM 5,400 18.3%   Xplay Baseball Academy MTM 3,750 12.7%  
Property   11.06 Lyman Road 6,375 37.5%   Cabinet Coating King LLC MTM 2,125 12.5%   Perfection Cleaners LLC MTM 2,125 12.5%  
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio                          
Property   12.01 Hauppauge Office Park 87,945 31.2%   The Bridgehampton National Bank 3/31/2028 83,426 29.6%   Morgan Stanley   8/31/2031 10,630 3.8%  
Property   12.02 20 Commerce 34,373 18.3%   Herbert L. Jamison & Co., L.L.C. 5/31/2025 24,838 13.2%   O’Connor Davies, LLP 11/30/2022 19,503 10.4%  
Loan 20 13 12510 & 12600 Cardinal Meadow 175,235 64.1%   Unique Industrial Products Company, Inc. 1/1/2034 85,000 31.1%   Unique Fasteners 1/1/2034 13,005 4.8%  
Loan 8 14 Sunrise Corporate Plaza I 37,818 35.2%   Benefytt 12/31/2026 19,683 18.3%   AlphaStaff 7/31/2027 15,731 14.7%  
Loan   15 Colonnades West 30,582 22.5%   OfficeMax 5/31/2022 30,000 22.0%   Ross Dress for Less 1/31/2025 25,600 18.8%  
Loan   16 LA Creative Industrial Portfolio 4,175 2.9%   Chloe Star Nakhjavanpourtalebi 2/28/2022 3,130 2.2%   Peter M. Sheldon 6/30/2021 2,360 1.6%  
Loan   17 Frankfort Crossing 64,937 56.7%   ACE Hardware 8/31/2027 10,251 9.0%   Anytime Fitness 6/30/2024 6,956 6.1%  
Loan 6, 9 18 East Boston Multifamily Portfolio 1                          
Property   18.01 298-300 Meridian Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.02 151-153 Meridian Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.03 108-110 Meridian Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.04 144-146 Chester Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.05 236 Princeton Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.06 346 Chelsea Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.07 151 Saratoga Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.08 17 Morris Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.09 8 Curtis Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.10 329 Paris Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.11 187 Maverick Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.12 62 Chelsea Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.13 26 Decatur Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   18.14 133 Eutaw Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6 19 Jones Estates Portfolio                          
Property   19.01 Massengills MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   19.02 Brookhaven MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  

 

A-1-15 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration(4)
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
  3rd Largest Tenant 3rd Largest
Tenant Lease
Expiration(4)
3rd Largest
Tenant NSF
3rd Largest
Tenant
% of NSF
 
Property   19.03 Leisure Park MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   19.04 Twin Branch MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   19.05 Hannibal MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   19.06 Whispering Pines N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   19.07 Avalon MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6, 7 20 Archer Portfolio                          
Property   20.01 Crown Point Center 4,281 26.1%   MOD Pizza 1/1/2029 2,800 17.1%   Blue Sky Nail & Spa 1/1/2028 2,797 17.1%  
Property   20.02 Spanish Village 4,999 20.3%   Grace Renee Gallery 10/31/2027 2,113 8.6%   Pizzicata Ristorante Pizzeria 4/30/2024 1,664 6.8%  
Property   20.03 Bouquet Canyon 3,008 33.3%   Logix Federal Credit Union 7/25/2024 2,986 33.1%   Pure Dental Solutions 5/10/2026 1,900 21.0%  
Loan 21 21 6851 River Road 201,700 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 5 22 Appletree Business Park 96,150 22.7%   County of Erie 3/31/2024 78,229 18.5%   Time Warner NY Cable LLC 51,943 SF (11/30/2023); 2,400 SF (6/30/2025) 54,343 12.8%  
Loan   23 179 East 116th Street 8,790 38.4%   JP Morgan Chase 12/31/2024 4,400 19.2%   Thomas Makkos/The Senegal Consulate of NY 2/28/2025 3,880 17.0%  
Loan 9, 22, 23 24 25-22 30th Drive N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   25 The Villas at Willow Run N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   26 Pillars at HBU 4,932 12.4%   Chick-fil-A 9/30/2035 4,609 11.6%   Whataburger 9/30/2033 3,583 9.0%  
Loan 6, 7 27 Indy Multifamily                          
Property   27.01 The Delaware N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   27.02 632 MLK Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   28 4500 Alexander Boulevard Northeast 36,282 35.4%   Paychex 5/31/2028 31,245 30.5%   Leidos 9/1/2025 13,657 13.3%  
Loan 6, 7 29 MC Office Portfolio                          
Property   29.01 43630 Hayes Road 21,302 53.9%   Henry Ford Health System 9/30/2026 7,456 18.9%   State of Michigan 6/30/2021 6,918 17.5%  
Property   29.02 15950 East 12 Mile Road 11,724 66.9%   State of Michigan 1/31/2025 5,788 33.1%   N/A N/A N/A N/A  
Property   29.03 43740 North Groesbeck Highway 20,960 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   29.04 30117 Schoenherr Road 6,465 68.2%   Medical Resources Group 2/28/2026 3,018 31.8%   N/A N/A N/A N/A  
Property   29.05 30300 Hoover Road 9,874 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   30 Durango Commons 17,275 44.1%   Best Mattress 9/30/2028 4,917 12.5%   Kumon Math and Reading Center 5/31/2022 2,267 5.8%  
Loan   31 Savannah Industrial 96,000 67.5%   Ruby Industrial Technologies LLC (f/k/a Kaman Industrial Technologies Corporation) 2/28/2025 46,200 32.5%   N/A N/A N/A N/A  
Loan   32 Route 1 Self Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 24 33 486 East 28th Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   34 Riverwood Research Center 32,297 47.4%   DRiV Automotive, Inc. 3/31/2024 17,495 25.7%   Midway Dental Supply, LLC 6/30/2025 7,510 11.0%  
Loan   35 Menifee Range Self Storage and RV N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   36 Dollar Self Storage #10 - Apache Junction N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6 37 StorWise SS Portfolio - Tahoe                          
Property   37.01 StorWise Kingsbury N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   37.02 StorWise Tahoe N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   38 Marshall Avenue Industrial Park 25,531 38.8%   Turfworx 5/31/2026 8,226 12.5%   TA Appliance Parts 10/31/2025 4,147 6.3%  
Loan 25 39 Montgomery Self Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   40 Store Safe Baton Rouge N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 26 41 Desert’s Edge RV Park N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   42 Friar’s Branch Crossing 23,195 23.2%   SecurAmerica ERMC 5/31/2026 20,500 20.5%   Astec Industries 5/31/2022 12,006 12.0%  
Loan   43 Lantern Building 12,111 9.7%   Merrill Lynch 6/30/2024 8,157 6.5%   Wichita HHS 11/30/2022 7,874 6.3%  
Loan   44 A&S Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6 45 CVS Portfolio                          
Property   45.01 CVS Fort Wayne 10,125 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   45.02 CVS Garden City 10,880 100.0%   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   46 Hollywood 95 Office Center 2,902 7.5%   Professional Co-Op Services 12/31/2023 2,290 5.9%   We Fund Funerals 9/30/2021 2,270 5.9%  
Loan 5 47 McCarthy Ranch 51,250 19.3%   Big Al’s 4/30/2034 46,000 17.3%   Ross Stores 1/31/2025 27,000 10.2%  
Loan   48 Whitehall Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   49 Baychester Shopping Center 15,271 46.8%   BSW Hair & Wig 12/31/2022 5,000 15.3%   Jackie’s West Indian Bakery 9/30/2029 1,264 3.9%  
Loan   50 Inverness Dental and Medical Plaza 8,918 44.5%   Sherri Weissman, DMD, P.C. 2/28/2031 7,220 36.1%   Birmingham Endodontics, LLC 2/28/2031 3,881 19.4%  
Loan   51 CubeSmart Winston-Salem N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   52 2015-2021 West Race Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   53 Comfort Inn & Suites Southport N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 27 54 1101 California Avenue 2,945 7.5%   Michael La Cilento (Law Office) 10/31/2022 2,791 7.1%   Center for New Directions 4/30/2022 2,148 5.5%  
Loan   55 E&B Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   56 Cedar Lofts Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6 57 Keepsake Storage Portfolio                          
Property   57.01 Commonwealth Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   57.02 Keepsake Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   58 Anchor Baker Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 8, 28 59 571 Hudson Coop N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   60 1425 Bruckner Fee N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   61 Grand Avenue Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   62 Anchor Mini Storage N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   63 Netana Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   64 Windy Acres MHC N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan 6 65 Maple Hills & Walnut Valley MHP                          
Property   65.01 Maple Hills MHP N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   65.02 Walnut Valley MHP N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A  

 

A-1-16 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 4th Largest Tenant 4th Largest
Tenant Lease
Expiration(4)
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration(4)
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
  Upfront
Replacement
Reserves
Monthly
Replacement
Reserves
Replacement
Reserve Cap
Upfront TI/LC
 Reserves
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio                     $0 $6,238 $0 $0
Property   1.01 Extra Space Brickell N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   1.02 Extra Space Ocoee N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   1.03 Extra Space West Doral N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   1.04 Extra Space Coconut Grove N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   1.05 Extra Space Alpharetta N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   1.06 Extra Space Fleming Island N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   1.07 Extra Space Marietta N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan 11, 12 2 215 Coles Street N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $8,233 $0 $0
Loan 6, 7, 9 3 Ahold Portfolio                     $0 $0 $0 $0
Property   3.01 Stop & Shop - South Yarmouth N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   3.02 Stop & Shop - Peabody N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   3.03 Stop & Shop - Arlington N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   3.04 Stop & Shop - Lexington N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan 6, 9 4 NOLA Logistics Portfolio                     $0 $9,908 $450,000 $0
Property   4.01 115 Canvasback Drive N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.02 150 Teal Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.03 120 Mallard Street Norton Lilly International, Inc. 10/31/2021 4,149 7.8%   Champion Technology Service 10/31/2021 1,748 3.3%          
Property   4.04 110 Widgeon Drive Deckhouse Ship Supply NOLA, Inc. 5/31/2024 8,927 17.9%   Agiliti Health, Inc. 4/30/2022 4,700 9.4%          
Property   4.05 150 James Drive East Fresenius Medical Care 8/31/2021 6,236 12.7%   All My Sons Moving & Storage 2/28/2024 3,871 7.9%          
Property   4.06 161 James Drive West Extinval USA 9/30/2022 3,196 6.7%   N/A N/A N/A N/A          
Property   4.07 100 James Drive Conrad Shipyard, LLC 10/31/2022 3,228 7.5%   Healthcare Billing Services 2/28/2025 3,228 7.5%          
Property   4.08 150 Canvasback Drive N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.09 125 James Drive West N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.10 190 James Drive East Paradise Lagardere 2/29/2024 7,620 21.0%   N/A N/A N/A N/A          
Property   4.11 160 James Drive East N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.12 107 Mallard Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.13 125 Mallard Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.14 143 Mallard Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   4.15 115 James Drive West IDEXX Distribution, Inc. 1/31/2026 2,371 11.1%   Warren Paving, Inc. dba Slats 7/31/2022 1,728 8.1%          
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay                     $0 $0 $0 $0
Property   5.01 MGM Grand N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   5.02 Mandalay Bay N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan 17 6 Lullwater at Blair Stone N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $5,083 $0 $0
Loan   7 Woods on LaMonte N/A N/A N/A N/A   N/A N/A N/A N/A   $233,938 $13,098 $0 $0
Loan   8 Olympus Corporate Center KB Home Sacramento, Inc. 11/30/2022 12,644 6.4%   Granite Bay Development dba Anthem United Homes, Inc. 11/30/2023 11,677 5.9%   $1,300,000 $0 $0 $3,450,000
Loan   9 The District - Airpark Studio41 Home Design Showroom 6/30/2024 12,531 8.8%   Fig & Birch Interiors 2/28/2026 10,046 7.0%   $0 $2,379 $85,640 $0
Loan   10 Allied Plaza LoanDepot.com, LLC 1/31/2022 10,496 7.3%   Law & Mediation Firm of Klueck & Hoppes 12/31/2022 7,017 4.9%   $0 $2,401 $100,000 $0
Loan 6 11 Central Canal Company Industrial Portfolio                     $0 $4,915 $0 $200,000
Property   11.01 Venture & Forsyth Tomas A Cardona MTM 5,000 3.2%   Final Touch Towing and Coli MTM 4,548 2.9%          
Property   11.02 Carter I & II Royal European Motors NOI MTM 3,675 5.4%   Blitz Tech, LLC MTM 3,100 4.6%          
Property   11.03 Northstar Business Park Indian River Organics, LLC MTM 6,294 7.0%   Roche Filtration Technologies MTM 6,000 6.7%          
Property   11.04 Michigan I & II Leo Car Services, Inc MTM 3,300 9.7%   Elizabeth Diaz Nunez MTM 2,500 7.4%          
Property   11.05 Taft Vineland Luso Distribution Inc MTM 3,750 12.7%   Alfa Vitamins Labratories MTM 1,875 6.3%          
Property   11.06 Lyman Road Marvin Rodriguez MTM 2,125 12.5%   Ryko Solutions MTM 2,125 12.5%          
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio                     $0 $9,993 $0 $0
Property   12.01 Hauppauge Office Park Viner Finance Inc. 6/30/2023 8,870 3.1%   TheraCare Preschool Services, Inc. 7/31/2027 8,778 3.1%          
Property   12.02 20 Commerce Allstate Insurance Company 6/30/2024 12,800 6.8%   RGN-Cranford I, LLC 10/31/2024 9,797 5.2%          
Loan 20 13 12510 & 12600 Cardinal Meadow N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $2,584 $0 $0
Loan 8 14 Sunrise Corporate Plaza I Smith Transportation Services 7/31/2022 8,122 7.6%   Omron Healthcare, Inc. 12/31/2022 4,022 3.7%   $1,788 $1,788 $64,400 $300,000
Loan   15 Colonnades West Shoe Carnival 1/31/2024 12,000 8.8%   CVS 1/31/2024 10,125 7.4%   $2,268 $2,268 $0 $1,173,884
Loan   16 LA Creative Industrial Portfolio Michael L. White 1,345 SF (4/30/2021); 870 SF (6/30/2031) 2,215 1.5%   Ahmed B. Ouedraogo 1,315 SF (5/14/2021); 870 SF (8/31/2031) 2,185 1.5%   $0 $1,804 $0 $0
Loan   17 Frankfort Crossing Baird & Warner 5/31/2022 3,646 3.2%   Vein Clinics of America 6/30/2025 3,522 3.1%   $0 $1,525 $73,200 $306,000
Loan 6, 9 18 East Boston Multifamily Portfolio 1                     $0 $1,174 $0 $0
Property   18.01 298-300 Meridian Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.02 151-153 Meridian Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.03 108-110 Meridian Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.04 144-146 Chester Avenue N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.05 236 Princeton Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.06 346 Chelsea Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.07 151 Saratoga Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.08 17 Morris Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.09 8 Curtis Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.10 329 Paris Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.11 187 Maverick Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.12 62 Chelsea Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.13 26 Decatur Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   18.14 133 Eutaw Street N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan 6 19 Jones Estates Portfolio                     $1,529 $1,529 $0 $0
Property   19.01 Massengills MHC N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   19.02 Brookhaven MHC N/A N/A N/A N/A   N/A N/A N/A N/A          

 

A-1-17 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 4th Largest Tenant 4th Largest
Tenant Lease
Expiration(4)
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration(4)
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
  Upfront
Replacement
Reserves
Monthly
Replacement
Reserves
Replacement
Reserve Cap
Upfront TI/LC
 Reserves
Property   19.03 Leisure Park MHC N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   19.04 Twin Branch MHC N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   19.05 Hannibal MHC N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   19.06 Whispering Pines N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   19.07 Avalon MHC N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan 6, 7 20 Archer Portfolio                     $0 $927 $0 $0
Property   20.01 Crown Point Center Chipotle 6/30/2030 2,483 15.1%   Lotus Family Dental 2/28/2031 1,381 8.4%          
Property   20.02 Spanish Village Althea West 3/14/2024 1,607 6.5%   L Skincare 3/31/2025 1,516 6.2%          
Property   20.03 Bouquet Canyon The Nail Fix 6/30/2024 1,135 12.6%   N/A N/A N/A N/A          
Loan 21 21 6851 River Road N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,681 $0 $0
Loan 5 22 Appletree Business Park First Choice Evaluations 8/31/2027 26,345 6.2%   M&T Bank 11/30/2021 25,324 6.0%   $150,000 $9,746 $585,000 $800,000
Loan   23 179 East 116th Street Avna Global Inc 6/30/2025 2,000 8.7%   Numero Uno Photo 12/31/2025 1,500 6.6%   $0 $381 $0 $0
Loan 9, 22, 23 24 25-22 30th Drive N/A N/A N/A N/A   N/A N/A N/A N/A   $77,500 $0 $20,000 $0
Loan   25 The Villas at Willow Run N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,500 $0 $0
Loan   26 Pillars at HBU Sprint Spectrum 8/31/2023 3,019 7.6%   Blaze Pizza 10/4/2027 2,999 7.5%   $0 $396 $14,261 $159,812
Loan 6, 7 27 Indy Multifamily                     $1,925 $1,925 $70,000 $743
Property   27.01 The Delaware N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   27.02 632 MLK Apartments N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan   28 4500 Alexander Boulevard Northeast N/A N/A N/A N/A   N/A N/A N/A N/A   $50,000 $2,136 $0 $250,000
Loan 6, 7 29 MC Office Portfolio                     $0 $1,725 $65,000 $200,000
Property   29.01 43630 Hayes Road Michael Aiello, DDS 7/31/2022 2,542 6.4%   New Horizons Rehabilitation 2/28/2023 1,319 3.3%          
Property   29.02 15950 East 12 Mile Road N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   29.03 43740 North Groesbeck Highway N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   29.04 30117 Schoenherr Road N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   29.05 30300 Hoover Road N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan   30 Durango Commons Featherblade, LLC (Butcher) 5/15/2031 1,458 3.7%   Pearl Wok to Go (Xiao Ming Chen & Ying He) 8/31/2027 1,350 3.4%   $0 $490 $0 $125,000
Loan   31 Savannah Industrial N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,185 $0 $0
Loan   32 Route 1 Self Storage N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,054 $0 $0
Loan 24 33 486 East 28th Street N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $458 $0 $0
Loan   34 Riverwood Research Center Tree City Dialysis, LLC d/b/a DaVita 3/31/2026 6,688 9.8%   True Scan, LLC 8/31/2021 4,152 6.1%   $1,135 $1,135 $40,885 $5,417
Loan   35 Menifee Range Self Storage and RV N/A N/A N/A N/A   N/A N/A N/A N/A   $1,000 $1,000 $36,000 $0
Loan   36 Dollar Self Storage #10 - Apache Junction N/A N/A N/A N/A   N/A N/A N/A N/A   $760 $760 $18,236 $0
Loan 6 37 StorWise SS Portfolio - Tahoe                     $0 $406 $0 $0
Property   37.01 StorWise Kingsbury N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   37.02 StorWise Tahoe N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan   38 Marshall Avenue Industrial Park ICC 10/31/2024 2,900 4.4%   Ray Neder Construction 12/31/2023 2,064 3.1%   $0 $548 $0 $0
Loan 25 39 Montgomery Self Storage N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $774 $46,413 $0
Loan   40 Store Safe Baton Rouge N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,379 $0 $0
Loan 26 41 Desert’s Edge RV Park N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $919 $22,300 $0
Loan   42 Friar’s Branch Crossing CarExpress, LLC 3/31/2023 8,814 8.8%   PA Group Cloud Solutions 12/31/2021 5,365 5.4%   $1,831 $1,831 $65,919 $175,000
Loan   43 Lantern Building Telispire 6/30/2022 7,681 6.1%   Chase Bank 4/30/2025 6,896 5.5%   $100,000 $2,126 $0 $150,000
Loan   44 A&S Apartments N/A N/A N/A N/A   N/A N/A N/A N/A   $100,000 $0 $100,000 $0
Loan 6 45 CVS Portfolio                     $0 $0 $0 $0
Property   45.01 CVS Fort Wayne N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   45.02 CVS Garden City N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan   46 Hollywood 95 Office Center CMBE Developers 6/30/2023 1,714 4.4%   Consultants in Diagnostic Imaging 3/31/2022 1,569 4.1%   $0 $803 $0 $0
Loan 5 47 McCarthy Ranch PetSmart 4/30/2025 25,416 9.6%   Michael’s 6/30/2028 23,781 8.9%   $0 $4,433 $300,000 $500,000
Loan   48 Whitehall Apartments N/A N/A N/A N/A   N/A N/A N/A N/A   $100,000 $0 $100,000 $0
Loan   49 Baychester Shopping Center Bronx Wine & Liquor 1/31/2025 1,264 3.9%   MK Great Stuff 6/30/2026 1,264 3.9%   $16,000 $0 $0 $0
Loan   50 Inverness Dental and Medical Plaza N/A N/A N/A N/A   N/A N/A N/A N/A   $334 $334 $12,011 $1,668
Loan   51 CubeSmart Winston-Salem N/A N/A N/A N/A   N/A N/A N/A N/A   $576 $576 $12,600 $0
Loan   52 2015-2021 West Race Avenue N/A N/A N/A N/A   N/A N/A N/A N/A   $167 $167 $0 $0
Loan   53 Comfort Inn & Suites Southport N/A N/A N/A N/A   N/A N/A N/A N/A   $6,331 $6,331 $0 $0
Loan 27 54 1101 California Avenue First United Capital 8/31/2022 1,571 4.0%   Mercuri Asset Management, LLC 8/31/2021 1,444 3.7%   $0 $794 $0 $120,000
Loan   55 E&B Apartments N/A N/A N/A N/A   N/A N/A N/A N/A   $100,000 $0 $100,000 $0
Loan   56 Cedar Lofts Apartments N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0 $0 $0
Loan 6 57 Keepsake Storage Portfolio                     $0 $788 $0 $0
Property   57.01 Commonwealth Storage N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   57.02 Keepsake Storage N/A N/A N/A N/A   N/A N/A N/A N/A          
Loan   58 Anchor Baker Storage N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $709 $0 $0
Loan 8, 28 59 571 Hudson Coop N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $313 $0 $0
Loan   60 1425 Bruckner Fee N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0 $0 $0
Loan   61 Grand Avenue Storage N/A N/A N/A N/A   N/A N/A N/A N/A   $258 $258 $9,288 $0
Loan   62 Anchor Mini Storage N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $628 $0 $0
Loan   63 Netana Apartments N/A N/A N/A N/A   N/A N/A N/A N/A   $100,000 $0 $100,000 $0
Loan   64 Windy Acres MHC N/A N/A N/A N/A   N/A N/A N/A N/A   $213 $213 $0 $0
Loan 6 65 Maple Hills & Walnut Valley MHP                     $0 $563 $0 $0
Property   65.01 Maple Hills MHP N/A N/A N/A N/A   N/A N/A N/A N/A          
Property   65.02 Walnut Valley MHP N/A N/A N/A N/A   N/A N/A N/A N/A          

 

A-1-18 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Monthly TI/LC
Reserves
TI/LC
Reserve Cap
Upfront Tax
 Reserves
Monthly Tax
 Reserves
Upfront
Insurance Reserves
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve
Initial Other
Reserves
Ongoing Other
Reserves
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio $0 $0 $309,271 $77,318 $122,155 $9,397 $0 $2,500,000 $0
Property   1.01 Extra Space Brickell                  
Property   1.02 Extra Space Ocoee                  
Property   1.03 Extra Space West Doral                  
Property   1.04 Extra Space Coconut Grove                  
Property   1.05 Extra Space Alpharetta                  
Property   1.06 Extra Space Fleming Island                  
Property   1.07 Extra Space Marietta                  
Loan 11, 12 2 215 Coles Street $0 $0 $47,561 $47,561 $663 $55 $53,250 $0 $0
Loan 6, 7, 9 3 Ahold Portfolio $0 $0 $0 $0 $0 $0 $0 $0 $0
Property   3.01 Stop & Shop - South Yarmouth                  
Property   3.02 Stop & Shop - Peabody                  
Property   3.03 Stop & Shop - Arlington                  
Property   3.04 Stop & Shop - Lexington                  
Loan 6, 9 4 NOLA Logistics Portfolio $17,338 $832,237 $183,412 $36,682 $0 $0 $51,600 $355,198 $0
Property   4.01 115 Canvasback Drive                  
Property   4.02 150 Teal Street                  
Property   4.03 120 Mallard Street                  
Property   4.04 110 Widgeon Drive                  
Property   4.05 150 James Drive East                  
Property   4.06 161 James Drive West                  
Property   4.07 100 James Drive                  
Property   4.08 150 Canvasback Drive                  
Property   4.09 125 James Drive West                  
Property   4.10 190 James Drive East                  
Property   4.11 160 James Drive East                  
Property   4.12 107 Mallard Street                  
Property   4.13 125 Mallard Street                  
Property   4.14 143 Mallard Street                  
Property   4.15 115 James Drive West                  
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay $0 $0 $0 $0 $0 $0 $0 $0 $0
Property   5.01 MGM Grand                  
Property   5.02 Mandalay Bay                  
Loan 17 6 Lullwater at Blair Stone $0 $0 $197,863 $39,573 $0 $0 $0 $302,853 $0
Loan   7 Woods on LaMonte $0 $0 $188,334 $62,778 $0 $0 $266,063 $0 $0
Loan   8 Olympus Corporate Center $0 $3,450,000 $32,968 $32,968 $0 $0 $0 $108,131 $0
Loan   9 The District - Airpark $18,436 $442,472 $23,609 $23,609 $0 $0 $0 $326,460 $0
Loan   10 Allied Plaza $12,004 $435,000 $15,298 $15,298 $47,938 $5,992 $0 $0 $0
Loan 6 11 Central Canal Company Industrial Portfolio $0 $200,000 $154,279 $25,713 $5,333 $1,152 $0 $0 $0
Property   11.01 Venture & Forsyth                  
Property   11.02 Carter I & II                  
Property   11.03 Northstar Business Park                  
Property   11.04 Michigan I & II                  
Property   11.05 Taft Vineland                  
Property   11.06 Lyman Road                  
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio $48,948 $0 $411,382 $102,846 $65,149 $13,030 $95,675 $673,330 $0
Property   12.01 Hauppauge Office Park                  
Property   12.02 20 Commerce                  
Loan 20 13 12510 & 12600 Cardinal Meadow $4,554 $0 $105,421 $35,140 $68,936 $13,788 $0 $0 $0
Loan 8 14 Sunrise Corporate Plaza I $8,942 $323,241 $213,321 $35,553 $0 $0 $0 $0 $0
Loan   15 Colonnades West $11,340 $1,180,410 $33,705 $16,853 $0 $0 $50,938 $875,178 $0
Loan   16 LA Creative Industrial Portfolio $4,210 $250,000 $15,998 $15,998 $9,126 $4,563 $89,645 $500,000 $0
Loan   17 Frankfort Crossing $0 $306,000 $247,347 $27,483 $1,538 $1,538 $316,584 $23,649 $0
Loan 6, 9 18 East Boston Multifamily Portfolio 1 $0 $0 $12,891 $12,891 $36,883 $4,976 $26,250 $250,000 $0
Property   18.01 298-300 Meridian Street                  
Property   18.02 151-153 Meridian Street                  
Property   18.03 108-110 Meridian Street                  
Property   18.04 144-146 Chester Avenue                  
Property   18.05 236 Princeton Street                  
Property   18.06 346 Chelsea Street                  
Property   18.07 151 Saratoga Street                  
Property   18.08 17 Morris Street                  
Property   18.09 8 Curtis Street                  
Property   18.10 329 Paris Street                  
Property   18.11 187 Maverick Street                  
Property   18.12 62 Chelsea Street                  
Property   18.13 26 Decatur Street                  
Property   18.14 133 Eutaw Street                  
Loan 6 19 Jones Estates Portfolio $0 $0 $24,430 $5,954 $2,721 $907 $90,250 $385,848 $0
Property   19.01 Massengills MHC                  
Property   19.02 Brookhaven MHC                  

 

A-1-19 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Monthly TI/LC
Reserves
TI/LC
Reserve Cap
Upfront Tax
 Reserves
Monthly Tax
 Reserves
Upfront
Insurance Reserves
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve
Initial Other
Reserves
Ongoing Other
Reserves
Property   19.03 Leisure Park MHC                  
Property   19.04 Twin Branch MHC                  
Property   19.05 Hannibal MHC                  
Property   19.06 Whispering Pines                  
Property   19.07 Avalon MHC                  
Loan 6, 7 20 Archer Portfolio $6,248 $224,933 $14,674 $14,674 $5,520 $2,760 $1,625 $230,135 $0
Property   20.01 Crown Point Center                  
Property   20.02 Spanish Village                  
Property   20.03 Bouquet Canyon                  
Loan 21 21 6851 River Road $0 $0 $19,292 $19,292 $34,108 $4,264 $43,219 $1,311,187 $0
Loan 5 22 Appletree Business Park $15,864 $1,000,000 $689,371 $82,789 $0 $0 $0 $3,369,673 $0
Loan   23 179 East 116th Street $2,859 $0 $109,296 $27,324 $15,826 $1,217 $0 $0 $0
Loan 9, 22, 23 24 25-22 30th Drive $0 $0 $30,895 $7,724 $15,270 $1,862 $0 $1,531,887 $0
Loan   25 The Villas at Willow Run $0 $0 $113,854 $12,202 $2,136 $2,136 $0 $0 $0
Loan   26 Pillars at HBU $3,301 $118,845 $67,375 $16,844 $11,692 $2,338 $0 $436,000 $0
Loan 6, 7 27 Indy Multifamily $743 $27,000 $151,816 $30,363 $7,446 $3,723 $0 $150,000 $0
Property   27.01 The Delaware                  
Property   27.02 632 MLK Apartments                  
Loan   28 4500 Alexander Boulevard Northeast $2,136 $0 $31,183 $10,394 $5,986 $1,497 $17,750 $0 $0
Loan 6, 7 29 MC Office Portfolio $0 $150,000 $107,246 $19,578 $0 $0 $65,688 $403,742 $2,553
Property   29.01 43630 Hayes Road                  
Property   29.02 15950 East 12 Mile Road                  
Property   29.03 43740 North Groesbeck Highway                  
Property   29.04 30117 Schoenherr Road                  
Property   29.05 30300 Hoover Road                  
Loan   30 Durango Commons $4,085 $245,100 $4,669 $4,981 $3,337 $1,668 $0 $179,988 $0
Loan   31 Savannah Industrial $3,555 $142,200 $72,683 $12,523 $0 $0 $5,625 $0 $0
Loan   32 Route 1 Self Storage $0 $0 $78,582 $8,731 $0 $0 $0 $0 $0
Loan 24 33 486 East 28th Street $0 $0 $28,577 $14,289 $4,392 $1,098 $0 $165,654 $0
Loan   34 Riverwood Research Center $5,417 $215,000 $68,241 $11,978 $3,004 $1,001 $28,800 $0 $0
Loan   35 Menifee Range Self Storage and RV $0 $0 $3,042 $3,042 $2,788 $929 $0 $0 $0
Loan   36 Dollar Self Storage #10 - Apache Junction $0 $0 $0 $6,660 $6,134 $511 $0 $0 $0
Loan 6 37 StorWise SS Portfolio - Tahoe $0 $0 $707 $2,374 $12,596 $1,532 $50,375 $0 $0
Property   37.01 StorWise Kingsbury                  
Property   37.02 StorWise Tahoe                  
Loan   38 Marshall Avenue Industrial Park $4,108 $147,888 $26,500 $8,833 $0 $0 $0 $37,502 $18,751
Loan 25 39 Montgomery Self Storage $0 $0 $25,808 $6,452 $20,491 $1,863 $0 $400,000 $0
Loan   40 Store Safe Baton Rouge $0 $0 $14,918 $2,486 $6,867 $2,289 $0 $0 $0
Loan 26 41 Desert’s Edge RV Park $0 $0 $5,360 $2,680 $88 $88 $0 $0 $0
Loan   42 Friar’s Branch Crossing $5,000 $250,000 $42,310 $10,578 $0 $0 $37,938 $7,620 $0
Loan   43 Lantern Building $8,333 From and after the Monthly Payment Date in May, 2023, so long as no Event of Default has occurred and is continuing, Borrower shall only be required to make such deposits into the Rollover Account on any Monthly Payment Date to the extent the amount of Rollover Funds then on deposit is less than $350,000 $33,826 $8,457 $11,431 $3,810 $0 $184,572 $0
Loan   44 A&S Apartments $0 $0 $117,938 $23,588 $0 $0 $37,500 $0 $0
Loan 6 45 CVS Portfolio $0 $0 $0 $0 $622 $207 $0 $0 $0
Property   45.01 CVS Fort Wayne                  
Property   45.02 CVS Garden City                  
Loan   46 Hollywood 95 Office Center $3,333 $120,000 $51,819 $8,637 $0 $0 $27,386 $0 $0
Loan 5 47 McCarthy Ranch $16,625 $1,000,000 $47,794 $47,794 $69,027 $5,310 $0 $4,083,976 $0
Loan   48 Whitehall Apartments $0 $0 $123,067 $24,613 $0 $0 $0 $0 $0
Loan   49 Baychester Shopping Center $0 $0 $149,506 $24,918 $8,603 $0 $25,530 $0 $0
Loan   50 Inverness Dental and Medical Plaza $1,668 $60,057 $23,834 $3,405 $0 $0 $0 $0 $0
Loan   51 CubeSmart Winston-Salem $0 $0 $16,572 $4,143 $6,923 $989 $0 $0 $0
Loan   52 2015-2021 West Race Avenue $0 $0 $6,535 $2,178 $2,491 $830 $0 $122,772 $0
Loan   53 Comfort Inn & Suites Southport $0 $0 $21,906 $1,825 $0 $0 $0 $50,000 $6,250
Loan 27 54 1101 California Avenue $0 $120,000 (upon debt yield achieving 9.5%, $100,000) $13,723 $6,862 $6,226 $623 $0 $100,000 $0
Loan   55 E&B Apartments $0 $0 $63,062 $12,612 $0 $0 $0 $0 $0
Loan   56 Cedar Lofts Apartments $0 $0 $12,162 $4,054 $0 $0 $0 $87,535 $0
Loan 6 57 Keepsake Storage Portfolio $0 $0 $7,287 $1,457 $4,334 $2,167 $23,020 $0 $0
Property   57.01 Commonwealth Storage                  
Property   57.02 Keepsake Storage                  
Loan   58 Anchor Baker Storage $0 $0 $15,628 $2,605 $13,354 $1,484 $0 $0 $0
Loan 8, 28 59 571 Hudson Coop $0 $0 $22,927 $22,927 $30,557 $1,389 $0 $0 $0
Loan   60 1425 Bruckner Fee $0 $0 $0 $0 $1,500 $250 $0 $0 $0
Loan   61 Grand Avenue Storage $0 $0 $1,914 $1,914 $0 $0 $0 $0 $0
Loan   62 Anchor Mini Storage $0 $0 $13,402 $2,234 $4,447 $635 $0 $0 $0
Loan   63 Netana Apartments $0 $0 $51,383 $10,277 $0 $0 $0 $0 $0
Loan   64 Windy Acres MHC $0 $0 $8,751 $5,041 $2,539 $1,269 $0 $29,454 $0
Loan 6 65 Maple Hills & Walnut Valley MHP $0 $0 $2,031 $1,016 $8,442 $649 $53,750 $0 $0
Property   65.01 Maple Hills MHP                  
Property   65.02 Walnut Valley MHP                  

 

A-1-20 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Other Reserves Description   Appraisal
Report Date
Environmental
Phase I
Report Date
Environmental
Phase II
Report Date
Engineering
Report Date
Seismic
Report Date
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio Earnout Reserve   4/7/2021        
Property   1.01 Extra Space Brickell     4/7/2021 3/11/2021 N/A 10/30/2020 N/A
Property   1.02 Extra Space Ocoee     3/31/2021 3/11/2021 N/A 3/11/2021 N/A
Property   1.03 Extra Space West Doral     4/7/2021 3/11/2021 N/A 10/30/2020 N/A
Property   1.04 Extra Space Coconut Grove     4/7/2021 3/11/2021 N/A 10/30/2020 N/A
Property   1.05 Extra Space Alpharetta     4/7/2021 3/11/2021 N/A 3/11/2021 N/A
Property   1.06 Extra Space Fleming Island     3/31/2021 3/11/2021 N/A 10/30/2020 N/A
Property   1.07 Extra Space Marietta     4/7/2021 3/11/2021 N/A 3/11/2021 N/A
Loan 11, 12 2 215 Coles Street N/A   4/12/2021 3/15/2021 N/A 3/17/2021 N/A
Loan 6, 7, 9 3 Ahold Portfolio N/A   2/11/2021        
Property   3.01 Stop & Shop - South Yarmouth     2/24/2021 12/16/2020 N/A 12/14/2020 N/A
Property   3.02 Stop & Shop - Peabody     2/24/2021 12/16/2020 N/A 12/14/2020 N/A
Property   3.03 Stop & Shop - Arlington     2/23/2021 12/18/2020 N/A 12/14/2020 N/A
Property   3.04 Stop & Shop - Lexington     2/24/2021 12/18/2020 N/A 12/14/2020 N/A
Loan 6, 9 4 NOLA Logistics Portfolio Existing TI/LC Reserve ($277,215); Rent Concessions Reserve ($77,983)   3/17/2021        
Property   4.01 115 Canvasback Drive     N/A 3/11/2021 N/A 3/22/2021 N/A
Property   4.02 150 Teal Street     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.03 120 Mallard Street     N/A 3/9/2021 N/A 3/22/2021 N/A
Property   4.04 110 Widgeon Drive     N/A 3/11/2021 N/A 3/22/2021 N/A
Property   4.05 150 James Drive East     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.06 161 James Drive West     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.07 100 James Drive     N/A 3/9/2021 N/A 3/22/2021 N/A
Property   4.08 150 Canvasback Drive     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.09 125 James Drive West     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.10 190 James Drive East     N/A 3/11/2021 N/A 3/22/2021 N/A
Property   4.11 160 James Drive East     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.12 107 Mallard Street     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.13 125 Mallard Street     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.14 143 Mallard Street     N/A 3/10/2021 N/A 3/22/2021 N/A
Property   4.15 115 James Drive West     N/A 3/10/2021 N/A 3/22/2021 N/A
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay N/A            
Property   5.01 MGM Grand     2/11/2020 2/11/2020 N/A 2/11/2020 N/A
Property   5.02 Mandalay Bay     2/12/2020 2/11/2020 N/A 2/11/2020 N/A
Loan 17 6 Lullwater at Blair Stone Debt Service Reserve   3/2/2021 11/23/2020 N/A 11/19/2020 N/A
Loan   7 Woods on LaMonte N/A   2/12/2021 1/29/2021 N/A 1/29/2021 N/A
Loan   8 Olympus Corporate Center Unfunded Obligations Reserve   3/15/2021 2/25/2021 N/A 3/22/2021 2/25/2021
Loan   9 The District - Airpark AmeriFirst Financial Lease Reserve ($142,768); AmeriFirst Financial Existing TI Reserve ($82,675); Fig & Birch Interiors Existing TI Reserve ($70,332); AmeriFirst Financial Existing LC Reserve ($30,685)   2/4/2021 1/29/2021 N/A 1/29/2021 N/A
Loan   10 Allied Plaza N/A   3/24/2021 3/16/2021 N/A 3/16/2021 3/16/2021
Loan 6 11 Central Canal Company Industrial Portfolio N/A            
Property   11.01 Venture & Forsyth     4/13/2021 3/9/2021 N/A 3/9/2021 N/A
Property   11.02 Carter I & II     4/13/2021 3/9/2021 N/A 3/8/2021 N/A
Property   11.03 Northstar Business Park     4/13/2021 3/9/2021 N/A 3/8/2021 N/A
Property   11.04 Michigan I & II     4/13/2021 3/5/2021 N/A 3/9/2021 N/A
Property   11.05 Taft Vineland     4/13/2021 3/9/2021 N/A 3/8/2021 N/A
Property   11.06 Lyman Road     4/13/2021 3/5/2021 N/A 3/8/2021 N/A
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio Unfunded Obligations Reserve (Upfront: $619,885); COVID Reserve (Upfront: $53,445)            
Property   12.01 Hauppauge Office Park     7/20/2020 7/17/2020 N/A 7/17/2020 N/A
Property   12.02 20 Commerce     7/28/2020 7/17/2020 N/A 7/17/2020 N/A
Loan 20 13 12510 & 12600 Cardinal Meadow N/A   1/4/2021 12/16/2020 N/A 12/15/2020 N/A
Loan 8 14 Sunrise Corporate Plaza I N/A   3/23/2021 3/9/2021 N/A 3/9/2021 N/A
Loan   15 Colonnades West Capital Improvements Reserve   12/20/2019 11/7/2019 N/A 11/7/2019 N/A
Loan   16 LA Creative Industrial Portfolio COVID Reserve   2/16/2021 12/1/2020 N/A 12/8/2020 12/7/2020
Loan   17 Frankfort Crossing Taqueria Mammy Chayo Free Rent Reserve ($13,312); Buford’s Barbecue and Bourbon Free Rent Reserve ($7,592); Salina’s Pizza Free Rent Reserve ($2,745)   2/25/2021 12/23/2020 N/A 12/23/2020 N/A
Loan 6, 9 18 East Boston Multifamily Portfolio 1 Debt Service Reserve   3/3/2021        
Property   18.01 298-300 Meridian Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.02 151-153 Meridian Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.03 108-110 Meridian Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.04 144-146 Chester Avenue     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.05 236 Princeton Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.06 346 Chelsea Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.07 151 Saratoga Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.08 17 Morris Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.09 8 Curtis Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.10 329 Paris Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.11 187 Maverick Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.12 62 Chelsea Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.13 26 Decatur Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Property   18.14 133 Eutaw Street     3/3/2021 2/16/2021 N/A 2/16/2021 N/A
Loan 6 19 Jones Estates Portfolio Debt Service Reserve            
Property   19.01 Massengills MHC     3/10/2021 2/24/2021 N/A 2/24/2021 N/A
Property   19.02 Brookhaven MHC     3/9/2021 2/24/2021 N/A 2/24/2021 N/A

 

A-1-21 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Other Reserves Description   Appraisal
Report Date
Environmental
Phase I
Report Date
Environmental
Phase II
Report Date
Engineering
Report Date
Seismic
Report Date
Property   19.03 Leisure Park MHC     3/17/2021 2/24/2021 N/A 2/24/2021 N/A
Property   19.04 Twin Branch MHC     3/18/2021 2/24/2021 N/A 2/24/2021 N/A
Property   19.05 Hannibal MHC     3/9/2021 2/24/2021 N/A 2/24/2021 N/A
Property   19.06 Whispering Pines     3/5/2021 2/24/2021 N/A 2/24/2021 N/A
Property   19.07 Avalon MHC     3/5/2021 2/24/2021 N/A 2/24/2021 N/A
Loan 6, 7 20 Archer Portfolio Debt Service Reserve ($145,120.50); Unfunded Leasing Obligations Reserve ($78,022.64); Gap Rent Reserve ($6,992.17)            
Property   20.01 Crown Point Center     2/19/2021 2/3/2021 N/A 2/3/2021 N/A
Property   20.02 Spanish Village     2/16/2021 2/2/2021 N/A 2/3/2021 N/A
Property   20.03 Bouquet Canyon     2/23/2021 2/3/2021 N/A 2/3/2021 2/3/2021
Loan 21 21 6851 River Road Tristate Funds   3/19/2021 3/12/2021 N/A 3/15/2021 N/A
Loan 5 22 Appletree Business Park Debt Service Reserve ($1,753,873); Planned Renovations Reserve ($1,615,800)   11/18/2020 11/16/2020 N/A 11/13/2020 N/A
Loan   23 179 East 116th Street N/A   3/23/2021 3/10/2021 N/A 3/10/2021 N/A
Loan 9, 22, 23 24 25-22 30th Drive COVID Concession Reserve ($900,000); 421A Reserve ($500,000); Debt Service Reserve ($131,887)   4/1/2021 2/10/2021 N/A 2/11/2021 N/A
Loan   25 The Villas at Willow Run N/A   3/3/2021 2/25/2021 N/A 2/25/2021 N/A
Loan   26 Pillars at HBU Today’s Vision Reserve   3/11/2021 1/25/2021 N/A 1/25/2021 N/A
Loan 6, 7 27 Indy Multifamily Debt Service Reserve            
Property   27.01 The Delaware     2/10/2021 1/29/2021 N/A 1/29/2021 N/A
Property   27.02 632 MLK Apartments     2/10/2021 1/29/2021 N/A 1/29/2021 N/A
Loan   28 4500 Alexander Boulevard Northeast N/A   3/8/2021 3/8/2021 N/A 1/4/2021 N/A
Loan 6, 7 29 MC Office Portfolio Outstanding TI/LC Reserve (Upfront: $303,742); Roof Reserve (Upfront: $100,000, Monthly: $2,553)            
Property   29.01 43630 Hayes Road     3/1/2021 2/2/2021 N/A 2/2/2021 N/A
Property   29.02 15950 East 12 Mile Road     3/1/2021 2/2/2021 N/A 2/2/2021 N/A
Property   29.03 43740 North Groesbeck Highway     3/1/2021 2/2/2021 N/A 2/2/2021 N/A
Property   29.04 30117 Schoenherr Road     3/1/2021 2/2/2021 N/A 2/2/2021 N/A
Property   29.05 30300 Hoover Road     3/1/2021 2/2/2021 N/A 2/2/2021 N/A
Loan   30 Durango Commons State Farm and Featherblade Initial TI/LC Reserve ($161,734); Rent Concession Reserve ($18,254)   3/1/2021 2/23/2021 N/A 2/23/2021 N/A
Loan   31 Savannah Industrial N/A   3/17/2021 1/12/2021 N/A 1/12/2021 N/A
Loan   32 Route 1 Self Storage N/A   2/25/2021 1/22/2021 N/A 1/20/2021 N/A
Loan 24 33 486 East 28th Street Debt Service Reserve   3/18/2021 3/9/2021 N/A 3/9/2021 N/A
Loan   34 Riverwood Research Center N/A   2/23/2021 2/12/2021 N/A 2/11/2021 N/A
Loan   35 Menifee Range Self Storage and RV N/A   2/23/2021 1/25/2021 N/A 1/25/2021 1/25/2021
Loan   36 Dollar Self Storage #10 - Apache Junction N/A   2/3/2021 4/2/2020 N/A 4/2/2020 N/A
Loan 6 37 StorWise SS Portfolio - Tahoe N/A            
Property   37.01 StorWise Kingsbury     1/29/2021 1/19/2021 N/A 1/20/2021 1/19/2021
Property   37.02 StorWise Tahoe     1/29/2021 1/19/2021 N/A 1/20/2021 1/19/2021
Loan   38 Marshall Avenue Industrial Park Ground Lease Escrow   3/18/2021 3/10/2021 N/A 3/16/2021 3/9/2021
Loan 25 39 Montgomery Self Storage Performance Reserve   2/26/2021 2/26/2021 N/A 2/25/2021 N/A
Loan   40 Store Safe Baton Rouge N/A   1/25/2021 1/27/2021 N/A 1/26/2021 N/A
Loan 26 41 Desert’s Edge RV Park N/A   3/22/2021 2/22/2021 N/A 2/22/2021 N/A
Loan   42 Friar’s Branch Crossing Rent Concession Reserve   3/26/2021 2/26/2021 N/A 4/2/2021 N/A
Loan   43 Lantern Building Burk Royalty Reserve   12/21/2020 12/18/2020 N/A 12/18/2020 N/A
Loan   44 A&S Apartments N/A   3/24/2021 10/27/2020 N/A 10/27/2020 N/A
Loan 6 45 CVS Portfolio N/A            
Property   45.01 CVS Fort Wayne     12/15/2020 3/8/2021 N/A 12/16/2020 N/A
Property   45.02 CVS Garden City     12/15/2020 3/8/2021 N/A 12/16/2020 N/A
Loan   46 Hollywood 95 Office Center N/A   3/16/2021 3/2/2021 N/A 3/2/2021 N/A
Loan 5 47 McCarthy Ranch PetSmart Reserve ($4,000,000); Bao Bao Reserve ($83,976)   12/19/2019 12/17/2019 N/A 12/16/2019 12/16/2019
Loan   48 Whitehall Apartments N/A   3/24/2021 3/18/2021 N/A 10/28/2020 N/A
Loan   49 Baychester Shopping Center N/A   3/5/2021 2/16/2021 N/A 2/16/2021 N/A
Loan   50 Inverness Dental and Medical Plaza N/A   3/7/2021 2/12/2021 N/A 2/12/2021 N/A
Loan   51 CubeSmart Winston-Salem N/A   2/5/2021 1/5/2021 N/A 1/5/2021 N/A
Loan   52 2015-2021 West Race Avenue P&I Reserve   3/10/2021 3/25/2021 N/A 3/5/2021 N/A
Loan   53 Comfort Inn & Suites Southport Seasonality Reserve (Upfront: $50,000, Monthly: $6,250); Required Future PIP Renovation Reserve (Monthly: Springing)   6/17/2019 6/12/2019 N/A 6/14/2019 N/A
Loan 27 54 1101 California Avenue Economic Holdback Reserve   3/10/2021 3/10/2021 N/A 3/10/2021 3/10/2021
Loan   55 E&B Apartments N/A   3/24/2021 10/27/2020 N/A 10/28/2020 N/A
Loan   56 Cedar Lofts Apartments Shortfall Reserve   2/22/2021 2/3/2021 N/A 2/4/2021 N/A
Loan 6 57 Keepsake Storage Portfolio N/A            
Property   57.01 Commonwealth Storage     3/17/2021 3/4/2021 and 3/8/2021 N/A 3/4/2021 N/A
Property   57.02 Keepsake Storage     3/17/2021 3/4/2021 N/A 3/4/2021 N/A
Loan   58 Anchor Baker Storage N/A   3/19/2021 3/5/2021 N/A 3/5/2021 N/A
Loan 8, 28 59 571 Hudson Coop N/A   2/24/2021 2/11/2021 N/A 2/11/2021 N/A
Loan   60 1425 Bruckner Fee N/A   4/13/2021 3/9/2021 N/A 3/9/2021 N/A
Loan   61 Grand Avenue Storage N/A   3/8/2021 3/9/2021 N/A 3/9/2021 3/9/2021
Loan   62 Anchor Mini Storage N/A   3/19/2021 3/5/2021 N/A 3/5/2021 N/A
Loan   63 Netana Apartments N/A   3/24/2021 10/27/2020 N/A 10/28/2020 N/A
Loan   64 Windy Acres MHC Environmental Reserve   3/26/2021 1/19/2021 3/25/2021 3/22/2021 N/A
Loan 6 65 Maple Hills & Walnut Valley MHP N/A            
Property   65.01 Maple Hills MHP     3/25/2021 3/17/2021 N/A 3/17/2021 N/A
Property   65.02 Walnut Valley MHP     3/25/2021 3/18/2021 N/A 3/18/2021 N/A

 

A-1-22 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Seismic Zone (Y/N) PML %   Cut-off Date
Pari Passu Mortgage
Debt Balance
Coop - Committed Secondary Debt Cut-off Date
Subord. Mortgage
Debt Balance
Total Mortgage
Debt Cut-off
Date LTV Ratio
Total Mortgage
Debt UW
NCF DSCR
Total Mortgage
Debt UW NOI
Debt Yield
  Cut-off Date
Mezzanine
Debt Balance
Total Debt
Cut-off Date
LTV Ratio
Total
Debt UW
NCF DSCR
Total Debt
UW NOI
Debt Yield
  Coop - Rental Value Coop - LTV as Rental Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop - Coop Units Coop - Sponsor/
Investor Carry
Loan 6, 9, 10 1 Extra Space Self Storage Portfolio                                            
Property   1.01 Extra Space Brickell No N/A                                        
Property   1.02 Extra Space Ocoee No N/A                                        
Property   1.03 Extra Space West Doral No N/A                                        
Property   1.04 Extra Space Coconut Grove No N/A                                        
Property   1.05 Extra Space Alpharetta No N/A                                        
Property   1.06 Extra Space Fleming Island No N/A                                        
Property   1.07 Extra Space Marietta No N/A                                        
Loan 11, 12 2 215 Coles Street No N/A                                        
Loan 6, 7, 9 3 Ahold Portfolio                                            
Property   3.01 Stop & Shop - South Yarmouth No N/A                                        
Property   3.02 Stop & Shop - Peabody No N/A                                        
Property   3.03 Stop & Shop - Arlington No N/A                                        
Property   3.04 Stop & Shop - Lexington No N/A                                        
Loan 6, 9 4 NOLA Logistics Portfolio                                            
Property   4.01 115 Canvasback Drive No N/A                                        
Property   4.02 150 Teal Street No N/A                                        
Property   4.03 120 Mallard Street No N/A                                        
Property   4.04 110 Widgeon Drive No N/A                                        
Property   4.05 150 James Drive East No N/A                                        
Property   4.06 161 James Drive West No N/A                                        
Property   4.07 100 James Drive No N/A                                        
Property   4.08 150 Canvasback Drive No N/A                                        
Property   4.09 125 James Drive West No N/A                                        
Property   4.10 190 James Drive East No N/A                                        
Property   4.11 160 James Drive East No N/A                                        
Property   4.12 107 Mallard Street No N/A                                        
Property   4.13 125 Mallard Street No N/A                                        
Property   4.14 143 Mallard Street No N/A                                        
Property   4.15 115 James Drive West No N/A                                        
Loan 5, 6, 7, 8, 13, 14, 15, 16 5 MGM Grand & Mandalay Bay       $1,597,853,000   $1,365,800,000 65.2% 2.70x 9.7%                          
Property   5.01 MGM Grand No N/A                                        
Property   5.02 Mandalay Bay No N/A                                        
Loan 17 6 Lullwater at Blair Stone No N/A                                        
Loan   7 Woods on LaMonte No N/A                                        
Loan   8 Olympus Corporate Center Yes - 3 6.0%                                        
Loan   9 The District - Airpark No N/A                                        
Loan   10 Allied Plaza Yes - 4 9.0%                                        
Loan 6 11 Central Canal Company Industrial Portfolio                                            
Property   11.01 Venture & Forsyth No N/A                                        
Property   11.02 Carter I & II No N/A                                        
Property   11.03 Northstar Business Park No N/A                                        
Property   11.04 Michigan I & II No N/A                                        
Property   11.05 Taft Vineland No N/A                                        
Property   11.06 Lyman Road No N/A                                        
Loan 5, 6, 8, 12, 18, 19 12 Signature Office Portfolio       $70,000,000     69.0% 1.50x 9.2%                          
Property   12.01 Hauppauge Office Park No N/A                                        
Property   12.02 20 Commerce No N/A                                        
Loan 20 13 12510 & 12600 Cardinal Meadow No N/A                                        
Loan 8 14 Sunrise Corporate Plaza I No N/A                                        
Loan   15 Colonnades West No N/A                                        
Loan   16 LA Creative Industrial Portfolio Yes - 4 18.0%                                        
Loan   17 Frankfort Crossing No N/A                                        
Loan 6, 9 18 East Boston Multifamily Portfolio 1                                            
Property   18.01 298-300 Meridian Street No N/A                                        
Property   18.02 151-153 Meridian Street No N/A                                        
Property   18.03 108-110 Meridian Street No N/A                                        
Property   18.04 144-146 Chester Avenue No N/A                                        
Property   18.05 236 Princeton Street No N/A                                        
Property   18.06 346 Chelsea Street No N/A                                        
Property   18.07 151 Saratoga Street No N/A                                        
Property   18.08 17 Morris Street No N/A                                        
Property   18.09 8 Curtis Street No N/A                                        
Property   18.10 329 Paris Street No N/A                                        
Property   18.11 187 Maverick Street No N/A                                        
Property   18.12 62 Chelsea Street No N/A                                        
Property   18.13 26 Decatur Street No N/A                                        
Property   18.14 133 Eutaw Street No N/A                                        
Loan 6 19 Jones Estates Portfolio                                            
Property   19.01 Massengills MHC No N/A                                        
Property   19.02 Brookhaven MHC No N/A                                        

 

A-1-23 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Seismic Zone (Y/N) PML %   Cut-off Date
Pari Passu Mortgage
Debt Balance
Coop - Committed Secondary Debt Cut-off Date
Subord. Mortgage
Debt Balance
Total Mortgage
Debt Cut-off
Date LTV Ratio
Total Mortgage
Debt UW
NCF DSCR
Total Mortgage
Debt UW NOI
Debt Yield
  Cut-off Date
Mezzanine
Debt Balance
Total Debt
Cut-off Date
LTV Ratio
Total
Debt UW
NCF DSCR
Total Debt
UW NOI
Debt Yield
  Coop - Rental Value Coop - LTV as Rental Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop - Coop Units Coop - Sponsor/
Investor Carry
Property   19.03 Leisure Park MHC No N/A                                        
Property   19.04 Twin Branch MHC No N/A                                        
Property   19.05 Hannibal MHC No N/A                                        
Property   19.06 Whispering Pines No N/A                                        
Property   19.07 Avalon MHC No N/A                                        
Loan 6, 7 20 Archer Portfolio                                            
Property   20.01 Crown Point Center No N/A                                        
Property   20.02 Spanish Village No N/A                                        
Property   20.03 Bouquet Canyon Yes - 4 9.0%                                        
Loan 21 21 6851 River Road No N/A                                        
Loan 5 22 Appletree Business Park No N/A   $37,500,000     56.9% 1.92x 11.4%                          
Loan   23 179 East 116th Street No N/A                                        
Loan 9, 22, 23 24 25-22 30th Drive No N/A                                        
Loan   25 The Villas at Willow Run No N/A                                        
Loan   26 Pillars at HBU No N/A                                        
Loan 6, 7 27 Indy Multifamily                                            
Property   27.01 The Delaware No N/A                                        
Property   27.02 632 MLK Apartments No N/A                                        
Loan   28 4500 Alexander Boulevard Northeast No N/A                                        
Loan 6, 7 29 MC Office Portfolio                                            
Property   29.01 43630 Hayes Road No N/A                                        
Property   29.02 15950 East 12 Mile Road No N/A                                        
Property   29.03 43740 North Groesbeck Highway No N/A                                        
Property   29.04 30117 Schoenherr Road No N/A                                        
Property   29.05 30300 Hoover Road No N/A                                        
Loan   30 Durango Commons No N/A                                        
Loan   31 Savannah Industrial No N/A                                        
Loan   32 Route 1 Self Storage No N/A                                        
Loan 24 33 486 East 28th Street No N/A                                        
Loan   34 Riverwood Research Center No N/A                                        
Loan   35 Menifee Range Self Storage and RV Yes - 4 9.0%                                        
Loan   36 Dollar Self Storage #10 - Apache Junction No N/A                                        
Loan 6 37 StorWise SS Portfolio - Tahoe                                            
Property   37.01 StorWise Kingsbury Yes - 4 15.0%                                        
Property   37.02 StorWise Tahoe Yes - 3 9.0%                                        
Loan   38 Marshall Avenue Industrial Park Yes - 4 8.0%                                        
Loan 25 39 Montgomery Self Storage No N/A                                        
Loan   40 Store Safe Baton Rouge No N/A                                        
Loan 26 41 Desert’s Edge RV Park No N/A                                        
Loan   42 Friar’s Branch Crossing No N/A                                        
Loan   43 Lantern Building No N/A                                        
Loan   44 A&S Apartments No N/A                                        
Loan 6 45 CVS Portfolio                                            
Property   45.01 CVS Fort Wayne No N/A                                        
Property   45.02 CVS Garden City No N/A                                        
Loan   46 Hollywood 95 Office Center No N/A                                        
Loan 5 47 McCarthy Ranch Yes - 4 15.0%   $40,000,000     60.5% 2.07x 8.3%                          
Loan   48 Whitehall Apartments No N/A                                        
Loan   49 Baychester Shopping Center No N/A                                        
Loan   50 Inverness Dental and Medical Plaza No N/A                                        
Loan   51 CubeSmart Winston-Salem No N/A                                        
Loan   52 2015-2021 West Race Avenue No N/A                                        
Loan   53 Comfort Inn & Suites Southport No N/A                                        
Loan 27 54 1101 California Avenue Yes - 4 16.0%                                        
Loan   55 E&B Apartments No N/A                                        
Loan   56 Cedar Lofts Apartments No N/A                                        
Loan 6 57 Keepsake Storage Portfolio                                            
Property   57.01 Commonwealth Storage No N/A                                        
Property   57.02 Keepsake Storage No N/A                                        
Loan   58 Anchor Baker Storage No N/A                                        
Loan 8, 28 59 571 Hudson Coop No N/A     N/A                     $13,200,000 26.5% 0.0% 0 0 0 N/A
Loan   60 1425 Bruckner Fee No N/A                                        
Loan   61 Grand Avenue Storage Yes - 4 10.0%                                        
Loan   62 Anchor Mini Storage No N/A                                        
Loan   63 Netana Apartments No N/A                                        
Loan   64 Windy Acres MHC No N/A                                        
Loan 6 65 Maple Hills & Walnut Valley MHP                                            
Property   65.01 Maple Hills MHP No N/A                                        
Property   65.02 Walnut Valley MHP No N/A                                        

 

A-1-24 

 

 

  MSC 2021-L5
  Footnotes to Annex A-1
   
(1) MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; Barclays—Barclays Capital Real Estate Inc.; AREF—Argentic Real Estate Finance LLC; SMC—Starwood Mortgage Capital LLC;  KeyBank—KeyBank National Association
   
(2) Certain tenants may not be in occupancy or may be in free rent periods. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties that are not in occupancy or are in free rent periods.
   
(3) The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan.
   
(4) Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties.
   
(5) With respect to Mortgage Loan No. 5, MGM Grand & Mandalay Bay, Mortgage Loan No. 12, Signature Office Portfolio, Mortgage Loan No. 22, Appletree Business Park and Mortgage Loan No. 47, McCarthy Ranch, each such Mortgage Loan is part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this Preliminary Prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms/Pads/Beds calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “The Non-Serviced Pari Passu-A/B Whole Loans” and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this Preliminary Prospectus.
   
(6) With respect to Mortgage Loan No. 1, Extra Space Self Storage Portfolio, Mortgage Loan No. 3, Ahold Portfolio, Mortgage Loan No. 4, NOLA Logistics Portfolio, Mortgage Loan No. 5, MGM Grand & Mandalay Bay, Mortgage Loan No. 11, Central Canal Company Industrial Portfolio, Mortgage Loan No. 12, Signature Office Portfolio, Mortgage Loan No. 18, East Boston Multifamily Portfolio 1, Mortgage Loan No. 19, Jones Estates Portfolio, Mortgage Loan No. 20, Archer Portfolio, Mortgage Loan No. 27, Indy Multifamily, Mortgage Loan No. 29, MC Office Portfolio, Mortgage Loan No. 37, StorWise SS Portfolio - Tahoe, Mortgage Loan No. 45, CVS Portfolio, Mortgage Loan No. 57, Keepsake Storage Portfolio and Mortgage Loan No. 65, Maple Hills & Walnut Valley MHP, each such Mortgage Loan is secured by multiple properties.  For purposes of the statistical information set forth in this Preliminary Prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms/Pads/Beds calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or Underwritten NCF, among other methods.  
   
(7) With respect to Mortgage Loan No. 3, Ahold Portfolio, Mortgage Loan No. 5, MGM Grand & Mandalay Bay, Mortgage Loan No. 20, Archer Portfolio, Mortgage Loan No. 27, Indy Multifamily and Mortgage Loan No. 29, MC Office Portfolio the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance, partial prepayment or partial assumption of the related Mortgage Loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Partial Releases, Substitutions and Additions” in this Preliminary Prospectus.
   
(8) With respect to Mortgage Loan No. 5, MGM Grand & Mandalay Bay, Mortgage Loan No. 12, Signature Office Portfolio, Mortgage Loan No. 14, Sunrise Corporate Plaza I and Mortgage Loan No. 59, 571 Hudson Coop, the related mortgage loan documents permit future subordinate secured or unsecured financing or mezzanine financing and/or preferred equity generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” and “—Additional Indebtedness—Other Secured Indebtedness” in this Preliminary Prospectus.
   
(9) With respect to Mortgage Loan No. 1, Extra Space Self Storage Portfolio, the Appraised Value reflects an “as-portfolio” appraised value, which includes an approximately 11.0% premium to the aggregate “as-is” appraised value of the individual Mortgaged Properties. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio for the Extra Space Self Storage Portfolio Mortgage Loan are calculated using the “as-is” appraised value based on such portfolio premium. The “as-is” appraised value of the Mortgaged Properties without regard to the portfolio premium is $121,750,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio assuming the $121,750,000 value and without netting out the $2,500,000 earnout reserve (as described in footnote 10 below) are 53.4% and 53.4%, respectively.

 

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With respect to Mortgage Loan No. 3, Ahold Portfolio, the Appraised Value represents an approximately 5.3% portfolio premium to the aggregate “as-is” appraised value of the individual Mortgaged Properties. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio for the Ahold Portfolio Mortgage Loan are calculated using the “as-is” appraised value based on such portfolio premium. The “as-is” appraised value for the Mortgaged Properties, without regard to the portfolio premium, was $96,600,000 as of February 10, 2021. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio calculated using the aggregate “as-is” appraised values, without regard to the premium, are 44.4% and 44.4%, respectively.

With respect to Mortgage Loan No. 4, NOLA Logistics Portfolio, only a portfolio Appraised Value was provided.

With respect to Mortgage Loan No. 18, East Boston Multifamily Portfolio I, the Appraised Value represents an approximately 5.1% portfolio premium to the aggregate “as-is” appraised value of the individual mortgaged properties. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio for the East Boston Multifamily Portfolio I Mortgage Loan are calculated using the “as-is” appraised value based on such portfolio premium. The “as-is” appraised value for the Mortgaged Properties without regard to the portfolio premium was $22,930,000 as of February 3, 2021. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio calculated using the aggregate “as-is” appraised values are both 62.8%.

With respect to Mortgage Loan No. 24, 25-22 30th Drive, the Appraised Value of $19,100,000 represents the “As Stabilized” value of the Mortgaged Property based on the leasing of five vacant units by May 1, 2021. As of March 30, 2021, the Mortgaged Property was fully occupied. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the “as-is” appraised value of $18,900,000 as of January 27, 2021 and adjusted for the $900,000 COVID Concession Reserve is 58.7%.
   
(10) With respect to Mortgage Loan No. 1, Extra Space Self Storage Portfolio, the Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Cut-off Date LTV Ratio and Maturity Date LTV Ratio are calculated net of a $2,500,000 earnout reserve. Provided that no default has occurred and is continuing, the lender will disburse funds held in the earnout reserve to the borrowers at such time as the net cash flow (based on the 12 months preceding the date of calculation) debt yield is equal to or greater than 7.5%.  In the event that the Mortgaged Properties have not achieved a debt yield of at least 7.5% by April 16, 2024, the lender will apply all funds on deposit in the earnout reserve to a partial prepayment or partial defeasance of the Extra Space Self Storage Portfolio Mortgage Loan on the next payment date.  Any partial prepayment of the Extra Space Self Storage Portfolio Mortgage Loan in connection with this event will be subject to the payment of a yield maintenance premium, and the Extra Space Self Storage Portfolio borrowers are required to pay to the lender such yield maintenance premium and all costs incurred by the lender with respect to such prepayment.  Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Cut-off Date LTV Ratio and Maturity Date LTV Ratio without excluding the Earnout Reserve are 7.8%, 7.6%, 48.1% and 48.1%, respectively.
   
(11) With respect to Mortgage Loan No. 2, 215 Coles Street, the Mortgaged Property is master leased to an affiliate of the related borrower, which in turn is expected to sublease all of the space to subtenants affiliated with the related borrower.
   
(12) With respect to Mortgage Loan No. 2, 215 Coles Street and Mortgage Loan No. 12, Signature Office Portfolio, the Title Type is characterized as “Fee” because (i) the borrower has a fee interest in all or substantially all of the mortgaged property (provided that if the borrower has a leasehold interest in any portion of the mortgaged property, such portion is not material to the use or operation of the mortgaged property), or (ii) the mortgage loan is secured by the borrower’s leasehold interest in the mortgaged property as well as the borrower’s (or other fee owner’s) overlapping fee interest in the related mortgaged property.
   
(13) With respect to Mortgage Loan No. 5, MGM Grand & Mandalay Bay, each of the related Mortgaged Properties consist of a resort and casino and, as of the trailing twelve months ending December 31, 2020 (i) with respect to the Mandalay Bay Mortgaged Property, approximately 35.0% of the revenues were from hotel rooms, approximately 22.0% of the revenues were from gaming, approximately 22.5% of the revenues were from food and beverage, and approximately 20.6% of the revenues were from other sources and (ii) with respect to the MGM Grand Mortgaged Property, approximately 26.2% of the revenues were from hotel rooms, approximately 30.6% of the revenues were from gaming, approximately 20.0% of the revenues were from food and beverage, and approximately 23.2% of the revenues were from other sources.
   
(14) With respect to Mortgage Loan No. 5, MGM Grand & Mandalay Bay, the Mortgage Loan is structured with an Anticipated Repayment Date (“ARD”) and will be interest-only prior to the ARD. After the ARD, the following structure will apply: (i) the interest rate will increase by 200 basis points over the greater of (x) 3.55800%, and (y) (1) the ARD treasury note rate in effect on the ARD plus (2) 1.77000%; (ii) amounts in the excess cash flow reserve will be applied first to pay monthly additional interest amounts which, to the extent not paid, will be deferred and added to the principal balance of the MGM Grand & Mandalay Bay Whole Loan; and (iii) a full cash flow sweep to the extent of remaining amounts in the excess cash flow reserve will be applied to the principal of the MGM Grand & Mandalay Bay Whole Loan.
   
(15) With respect to Mortgage Loan No. 5, MGM Grand & Mandalay Bay, the DSCR and Debt Yield calculations are based on the initial MGM/Mandalay lease annual rent of $292,000,000. The UW NCF DSCR (P&I) and the Underwritten NCF Debt Yield for the MGM Grand & Mandalay Bay Senior Notes (based on the Underwritten NCF of approximately $487.3 million) are 8.27x and 29.8%, respectively. Underwritten NCF was determined prior to the COVID-19 pandemic.  Based on the YE 2020 adjusted EBITDAR of approximately $108.8 million, the MGM Grand & Mandalay Bay Senior Loan results in a DSCR of 1.85x and on the MGM Grand & Mandalay Bay Whole Loan results in a DSCR of 1.01x.
   
(16) With respect to Mortgage Loan No. 5, MGM Grand & Mandalay Bay, a cash management trigger period and cash sweep trigger period has occurred under the MGM Grand & Mandalay Bay Whole Loan due to the debt service coverage ratio on the Whole

 

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  Loan falling below 2.50x for two consecutive calendar quarters. In lieu of all excess cash amounts being held in a reserve account, BREIT Prime Lease Holdings LLC and MGM Growth Properties Operating Partnership LP have delivered a guaranty to the lender guaranteeing all amounts required to be deposited in the excess cash flow reserve in accordance with the terms and conditions in the MGM Grand & Mandalay Bay Whole Loan documents.
   
(17) With respect to Mortgage Loan No. 6, Lullwater at Blair Stone, the Occupancy Rate excludes the two management units which were included in the unit total for the Mortgaged Property.
   
(18) With respect to Mortgage Loan No. 12, Signature Office Portfolio, Crossmark, Inc. (13,171 SF), previously the fourth largest tenant at the 20 Commerce property representing $335,861 in underwritten annual base rent and $9,090 in underwritten reimbursements, vacated its leased space on or about March 31, 2021 in connection with the expiration of its lease, and such space is currently vacant.  The underwriting of the Signature Office Portfolio Mortgage Loan was conducted prior to Crossmark, Inc. vacating its leased space.  Excluding the vacant space previously occupied by Crossmark, Inc., the Occupancy Rate at the 20 Commerce property and the Signature Office Portfolio Mortgaged Properties is 73.4% and 84.0%, respectively. Excluding income from Crossmark, Inc., the Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, UW NCF DSCR (IO) and UW NCF DSCR (P&I) would be 8.8%, 8.0%, 2.07x and 1.43x, respectively.
   
(19) With respect to Mortgage Loan No. 12, Signature Office Portfolio, the Appraised Value for the Hauppauge Office Park Mortgaged Property includes tax savings attributable to two PILOT tax abatements, one of which is scheduled to expire in the 2021/2022 tax year. The Appraised Value assumes that such expiring PILOT tax abatement will be renewed prior to its expiration. The borrower sponsor reported that they intend to apply for the renewal of the PILOT tax abatement prior to its expiration. We cannot assure you that the PILOT tax abatement will be renewed, which may cause property taxes at the Mortgaged Property to increase.
   
(20) With respect to Mortgage Loan No. 13, 12510 & 12600 Cardinal Meadow, all of the tenants are affiliated with the related borrower. In addition, the related appraisal for the related Mortgaged Property states that it appraises the fee simple estate and has not considered the leases with internal, related party entities of the owner, which are not considered arm’s length documents.
   
(21) With respect to Mortgage Loan No. 21, 6851 River Road, the Mortgaged Property is 100% leased to Tristate Apartment Furnishers, LLC, a borrower affiliate.
   
(22) With respect to Mortgage Loan No. 24, 25-22 30th Drive, the Appraised Value for the Mortgaged Property of $19,100,000 includes $2,780,000 attributable to a 421-a tax abatement, which has been applied for but has not been received as of the origination date. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the 25-22 30th Drive Mortgage Loan Cut-off Date Balance net of the $900,000 COVID Concession Reserve and a $16,320,000 appraised value, excluding the net present value of the tax abatement, are 68.0%. Assuming full year one taxes as estimated in the appraisal of $137,452, Underwritten NCF DSCR and Underwritten NOI Debt Yield, with Underwritten NOI Debt Yield being calculated on the 25-22 30th Drive Mortgage Loan Cut-off Date Balance net of the $900,000 COVID Concession Reserve, would be 1.24x and 5.9%, respectively.
   
(23) With respect to Mortgage Loan No. 24, 25-22 30th Drive, at origination the borrowers deposited $900,000 into a COVID Concession Reserve (as defined in the Mortgage Loan documents), to be released to the borrowers upon (i) the lender’s receipt of a written request for disbursement, which request must be made prior to April 1, 2025, (ii) the borrowers providing a current rent roll with a minimum occupancy of 87.0% and (iii) the net operating income debt yield at the Mortgaged Property (calculated based on a loan principal balance that is net of the remaining funds on deposit in the COVID Concession Reserve following the requested disbursement) being at least 7.5% based on a trailing 12-month period. Notwithstanding the foregoing, no disbursement is permitted (i) prior to the payment date in April 2022, (ii) if a Sweep Event Period (as defined in the Mortgage Loan documents) exists or (iii) if the 421-a requirements (as defined in the Mortgage Loan documents) have not been satisfied. Cut-off Date LTV Ratio, Maturity Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculations are based on the 25-22 30th Drive Mortgage Loan Cut-off Date Balance net of the $900,000 COVID Concession Reserve. Assuming the gross 25-22 30th Drive Mortgage Loan Cut-off Date Balance of $12,000,000, Cut-off Date LTV Ratio, Maturity Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculations are 62.8%, 62.8%, 6.6% and 6.6%, respectively.
   
(24) With respect to Mortgage Loan No. 33, 486 East 28th Street, the Appraised Value for the Mortgaged Property includes $3,490,000 attributable to a 421-a tax abatement, which has been applied for but has not been received as of the origination date. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $9,210,000 appraised value, excluding the net present value of the tax abatement is 89.0%. Assuming full year one taxes as estimated in the appraisal of $171,464, Underwritten NCF DSCR and Underwritten NOI Debt Yield would be 1.23x and 5.1%, respectively.
   
(25) With respect to Mortgage Loan No. 39, Montgomery Self Storage, at origination the borrower deposited $400,000 into a Performance Reserve (as defined in the Mortgage Loan documents), to be released to the borrower upon the net operating income debt yield at the Mortgaged Property (calculated based on a loan principal balance that is net of the remaining funds on deposit in the Performance Reserve, following the requested disbursement) being at least 8.75% based on a trailing 12-month period. Notwithstanding the foregoing, no disbursement is permitted prior to September 11, 2021 or if an event of default exists. Cut-off Date LTV Ratio, Maturity Date LTV Ratio, Third Most Recent NOI Debt Yield, Second Most Recent NOI Debt Yield, Most Recent NOI Debt Yield, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculations are based on the Montgomery Self Storage Mortgage Loan Cut-off Date Balance net of the $400,000 Performance Reserve. Assuming the gross

 

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  Montgomery Self Storage Mortgage Loan Cut-off Date Balance of $6,700,000, Cut-off Date LTV Ratio, Maturity Date LTV Ratio, Third Most Recent NOI Debt Yield, Second Most Recent NOI Debt Yield, Most Recent NOI Debt Yield, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculations are 64.7%, 58.6%, 6.0%, 7.9%, 8.1%, 8.3% and 8.1%, respectively.
   
(26) With respect to Mortgage Loan No. 41, Desert’s Edge RV Park, the Upfront Insurance Reserves and Ongoing Monthly Insurance Reserves are for the borrower’s flood insurance coverage policy for the Desert’s Edge RV Park Mortgaged Property. Additional monthly deposits for insurance are suspended for the Desert’s Edge RV Park Mortgaged Property as long as certain conditions set forth in the Mortgage Loan documents are satisfied.
   
(27) With respect to Mortgage Loan No. 54, 1101 California Avenue, at origination the borrower deposited $100,000 into an Economic Holdback Reserve (as defined in the Mortgage Loan documents), to be released to the borrowers upon the net operating income debt yield at the Mortgaged Property (calculated based on a loan principal balance that is net of the remaining funds on deposit in the Economic Holdback Reserve following the requested disbursement) being at least 9.5% based on a trailing 12-month period. Notwithstanding the foregoing, no disbursement is permitted prior to the payment date in January 2022 or if an event of default exists. Cut-off Date LTV Ratio, Maturity Date LTV Ratio, Third Most Recent NOI Debt Yield, Second Most Recent NOI Debt Yield, Most Recent NOI Debt Yield, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculations are based on the 1101 California Avenue Mortgage Loan Cut-off Date Balance net of the $100,000 Economic Holdback Reserve. Assuming the gross 1101 California Avenue Mortgage Loan Cut-off Date Balance of $4,000,000, Cut-off Date LTV Ratio, Maturity Date LTV Ratio, Third Most Recent NOI Debt Yield, Second Most Recent NOI Debt Yield, Most Recent NOI Debt Yield, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculations are 55.6%, 55.6%, 8.7%, 10.8%, 11.6%, 10.3% and 9.0%, respectively.
   
(28) With respect to Mortgage Loan No. 59, 571 Hudson Coop, the borrower is a cooperative housing corporation. No individual or entity (other than the borrower) has recourse obligations with respect to the 571 Hudson Coop Mortgage Loan, including pursuant to any guaranty or environmental indemnity. Accordingly, no information is presented in the columns labeled Sponsor and Non-Recourse Carveout Guarantor in Annex A-1. In addition, due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A-1 with respect to other Mortgage Loans is not presented with respect to the 571 Hudson Coop Mortgage Loan and is, instead, reflected as not applicable (N/A). For example, since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI, Second Most Recent NOI, Third Most Recent NOI, and the related fields shown on Annex A-1 are not presented on Annex A-1 with respect to the 571 Hudson Coop Mortgage Loan. In addition, see “Risk Factors—Risks Relating to the Mortgage Loans—Residential Cooperative Properties Have Special Risks” with respect to the determination of certain fields on Annex A-1, including but not limited to the Appraised Value, Coop-Rental Value, Underwritten NOI and Underwritten NCF.
   
   
A. The “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date (as defined in the Mortgage Loan documents), of the remaining scheduled payments of principal and interest (which, in the case of a partial prepayment pursuant to Section 2.6.2 of the Loan Agreement, shall mean the payments of principal and interest allocated to the amount being prepaid) from the Prepayment Date through the Permitted Par Prepayment Date (as defined in the Mortgage Loan documents)  (including any balloon payment, assuming the Mortgage Loan is repaid in full on the Permitted Par Prepayment Date) determined by discounting such payments at the Discount Rate (hereinafter defined), less the amount of principal being prepaid. The term “Discount Rate” shall mean the rate that is equivalent to the Treasury Rate (hereinafter defined). The term “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Permitted Par Prepayment Date. (If Release H.15 is no longer published, the lender shall select a comparable publication to determine the Treasury Rate, giving due consideration to any then prevailing market convention in the United States for determining a rate of interest for similar U.S. Dollar denominated commercial real estate loans to borrowers domiciled in the United States, applied in a manner reasonably determined by the lender to be consistent with such then prevailing market convention.)
   
B “Yield Maintenance Premium” shall mean with respect to each note, an amount equal to the greater of (i) one-half of one percent (0.5%) of the outstanding principal amount of such note to be prepaid or satisfied and (b) excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest in respect of the principal amount being prepaid under such note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on such note is paid on the Permitted Par Prepayment Date (as defined below) (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate  (as defined below) when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date (as defined below) in the event such payment is not made on the Payment Date), over (ii) the principal amount being prepaid provided, with respect to any prepayment of any portion of the Mortgage Loan that is subject to a rated Securitization and which is made after the Payment Date in August 2029 but prior to the Permitted Par Prepayment Date, the Yield Maintenance Premium shall be zero.
“Permitted Par Prepayment Date” shall mean the Payment Date occurring in September 2029.

 

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“Payment Date” shall mean with respect to any note, the fifth (5th) day of each calendar month during the term of the Mortgage Loan.
“Prepayment Rate” shall mean the bond equivalent yield (in the secondary market) of the United States Treasury Security, that as of the Prepayment Rate Determination Date (as defined below) has a remaining term to maturity closest to, but not later than, the Permitted Par Prepayment Date as most recently published in “Statistical Release H.15 (519), Selected Interest Rates,” or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical grade as the lender may reasonably select. If there is no United States Treasury Security with a yield equal to the remaining term to the Permitted Par Prepayment Date, the Prepayment Rate will be calculated by taking the linear interpolation of the yields with maturity dates (one longer and one shorter) most nearly approximating the remaining term to the Permitted Par Prepayment Date.
“Prepayment Rate Determination Date” shall mean the date which is 5 business days prior to the date that such prepayment shall be applied in accordance with the terms and provisions in the loan agreement.
   
C. “Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of the note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the maturity date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate (as defined in the Mortgage Loan documents) and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by the lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, the lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall the lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
D. “Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of the note being prepaid or (y) the present value as of the Prepayment Date (as defined below) of the Calculated Payments (defined below) from the Prepayment Date through the date of the commencement of the Open Period, which shall mean any Business Day during the six months prior to the Maturity Date, determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term  “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate (as defined in the Mortgage Loan documents) and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation or the yields, as reported in the Federal Reserve Statistical Release H.15 - Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published. The lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall the lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
E. The “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date (as defined in the Mortgage Loan documents), of the remaining scheduled payments of principal and interest from the Prepayment Date (as defined in the Mortgage Loan documents) through the Permitted Par Prepayment Date (including any balloon payment) determined by discounting such payments at the Discount Rate (hereinafter defined), less the amount of principal being prepaid. The term “Discount Rate” shall mean the rate that, when compounded monthly, is equivalent to the Treasury Rate (hereinafter defined) when compounded semi-annually. The term “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Maturity Date. (If Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
   
F. “Yield Maintenance Default Premium” shall mean an amount equal to the greater of (i) four percent (4%) of the outstanding principal balance of the Loan to be prepaid or satisfied, and (ii) the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Open Date (including any balloon payment) determined by discounting such payments at the Discount Rate (hereinafter defined), less the amount of principal being prepaid.
“Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the outstanding principal balance of the Loan to be prepaid or satisfied and (ii) the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Open Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. Borrower shall provide prior

 

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  written notice to Lender specifying the date on or after the Permitted Prepayment Date upon which the prepayment is to be made (the “Prepayment Date”), which notice shall be delivered to Lender not less than thirty (30) days prior to such prepayment.
“Permitted Prepayment Date” shall mean the Business Day following the second (2nd) anniversary of the first Payment Date.
“Open Date” shall be that Payment Date three (3) months prior to the Maturity Date.
“Discount Rate” shall mean the rate that, when compounded monthly, is equivalent to the Treasury Rate (as defined below)  when compounded semiannually.
“Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 – Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Date. If Release H.15 is no longer published, Lender shall select in its reasonable discretion a comparable publication to determine the Treasury Rate.
   
G. “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of any applicable prepayment, or (b) the present value as of the Prepayment Date (as defined below) of the Calculated Payments (as defined below)  determined by discounting such payments at the Discount Rate (as defined below). As used in this definition, (i) the term “Prepayment Date” means the date on which the applicable prepayment is made; (ii) the term “Calculated Payments” means the monthly payments of interest only which would be due from the Prepayment Date through the Permitted Prepayment Date based on the Principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum in the amount, if any, by which the Interest Rate exceeds the Yield Maintenance Treasury Rate (as defined below); (iii) the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. The calculation of the Yield Maintenance Premium shall be made by Lender and shall, absent manifest error, be final, conclusive and binding upon the parties. “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer and one shorter) most nearly approximating the Permitted Prepayment Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
H. “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) two percent (2%) of any applicable prepayment, or (b) the present value as of the Prepayment Date (as defined below)  of the Calculated Payments (as defined below) determined by discounting such payments at the Discount Rate. As used in this definition, (i) the term “Prepayment Date” means the date on which the applicable prepayment is made; (ii) the term “Calculated Payments” means the monthly payments of interest only which would be due from the Prepayment Date through the Permitted Prepayment Date based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum in the amount, if any, by which the Interest Rate exceeds the Yield Maintenance Treasury Rate; (iii) the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate (as defined below), when compounded semiannually. The calculation of the Yield Maintenance Premium shall be made by Lender and shall, absent manifest error, be final, conclusive and binding upon the parties. “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer and one shorter) most nearly approximating the Permitted Prepayment Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
I. The “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate (hereinafter defined), less the amount of principal being prepaid. The term “Discount Rate” shall mean the rate that, when compounded monthly, is equivalent to the Treasury Rate (hereinafter defined) when compounded semi-annually. The term “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Maturity Date. (If Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)

 

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