FWP 1 n3835-x5_anxa1.htm FREE WRITING PROSPECTUS
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-262701-05
     

FREE WRITING PROSPECTUS, DATED November 1, 2023

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-262701) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BMO Capital Markets Corp., Barclays Capital Inc., J.P. Morgan Securities LLC, Academy Securities, Inc., Siebert Williams Shank & Co., LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

 

The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value. 

 

The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale. 

 

The securities related to this File are being offered when, as and if issued.  This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, any risk retention consultation parties, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates.  Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer. 

 

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. 

 

 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group
                     
1 Loan 9, 10, 11 1 Warwick New York 9.7% 100.0% CREFI CREFI NAP NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 8.9% 100.0% DBRI GACC NAP NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 8.8%   CREFI CREFI NAP NAP
3.01 Property   1 Prime Storage Bridgehampton 0.7% 7.5%        
3.02 Property   1 Prime Storage Bohemia 0.6% 6.3%        
3.03 Property   1 Prime Storage Westhampton Beach 0.4% 4.0%        
3.04 Property   1 Prime Storage Queens Jamaica 0.3% 3.7%        
3.05 Property   1 Prime Storage West Palm Beach 0.3% 3.5%        
3.06 Property   1 Prime Storage Snellville 0.3% 3.3%        
3.07 Property   1 Prime Storage Shallotte 0.3% 3.1%        
3.08 Property   1 Prime Storage Danbury East 0.3% 3.0%        
3.09 Property   1 Prime Storage Dallas 0.3% 2.9%        
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 0.2% 2.8%        
3.11 Property   1 Prime Storage Mesa 0.2% 2.8%        
3.12 Property   1 Prime Storage Warren 0.2% 2.7%        
3.13 Property   1 Prime Storage Portsmouth 0.2% 2.4%        
3.14 Property   1 Prime Storage Bolivia 0.2% 2.4%        
3.15 Property   1 Prime Storage Charlottesville 0.2% 2.3%        
3.16 Property   1 Prime Storage Clifton 0.2% 2.3%        
3.17 Property   1 Prime Storage Centereach 0.2% 2.2%        
3.18 Property   1 Prime Storage Marietta North 0.2% 2.2%        
3.19 Property   1 Prime Storage Hardeeville 0.2% 2.1%        
3.20 Property   1 Prime Storage Summerville 0.2% 2.1%        
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 0.2% 2.0%        
3.22 Property   1 Prime Storage Marietta South 0.2% 2.0%        
3.23 Property   1 Prime Storage Cartersville 0.2% 1.9%        
3.24 Property   1 Prime Storage Danbury West 0.2% 1.9%        
3.25 Property   1 Prime Storage Scarborough 0.2% 1.8%        
3.26 Property   1 Prime Storage Baltimore 0.2% 1.7%        
3.27 Property   1 Prime Storage Farmingdale 0.2% 1.7%        
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 0.1% 1.7%        
3.29 Property   1 Prime Storage Glenville 0.1% 1.6%        
3.30 Property   1 Prime Storage Fishers Ford Dr. 0.1% 1.5%        
3.31 Property   1 Prime Storage Acworth North 0.1% 1.5%        
3.32 Property   1 Prime Storage Rock Hill 0.1% 1.5%        
3.33 Property   1 Prime Storage Simpsonville 0.1% 1.5%        
3.34 Property   1 Prime Storage Acworth East 0.1% 1.4%        
3.35 Property   1 Prime Storage Saco 0.1% 1.4%        
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 0.1% 1.4%        
3.37 Property   1 Prime Storage Green Island 0.1% 1.3%        
3.38 Property   1 Prime Storage North Fort Myers 0.1% 1.3%        
3.39 Property   1 Prime Storage Marietta 0.1% 1.2%        
3.40 Property   1 Prime Storage Midland 0.1% 1.2%        
3.41 Property   1 Prime Storage Lansing 0.1% 1.2%        
3.42 Property   1 Prime Storage Acworth West 0.1% 1.2%        
3.43 Property   1 Prime Storage Boardman 0.1% 1.1%        
3.44 Property   1 Prime Storage North Miami 0.1% 0.9%        
3.45 Property   1 Prime Storage Greenville Butler Rd. 0.0% 0.6%        
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 8.1%   CREFI CREFI NAP NAP
4.01 Property   1 Gilbert Gateway Towne Center 4.7% 57.4%        
4.02 Property   1 Scottsdale Towne Center 3.5% 42.6%        
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 8.0% 100.0% JPMCB, BCREI, WFB JPMCB NAP NAP
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 7.0%   GSBI, WFB GSMC NAP NAP
6.01 Property   1 2615 East 12th Street 1.5% 21.3%        
6.02 Property   1 Parkglenn Self-Storage 0.7% 10.7%        
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 0.7% 10.2%        
6.04 Property   1 30690 Aldine Westfield Rd 0.7% 10.0%        
6.05 Property   1 13404 E Broncos Pkwy 0.6% 8.3%        
6.06 Property   1 3803 N Navarro St 0.5% 7.4%        
6.07 Property   1 2102 NW Stallings Dr 0.4% 5.9%        
6.08 Property   1 2005 W Wheeler Ave 0.4% 5.6%        
6.09 Property   1 3817 Gulf Freeway 0.4% 5.2%        
6.10 Property   1 1600 E General Cavazos Blvd 0.4% 5.0%        
6.11 Property   1 11615 Rubina Pl 0.3% 4.0%        
6.12 Property   1 4222 N Main St 0.3% 3.8%        
6.13 Property   1 12 Irongate Drive 0.2% 2.6%        
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 5.6% 100.0% GSBI GSMC NAP NAP
8 Loan 44 2 Chelsea Bronx Portfolio 4.9%   CREFI CREFI NAP NAP
8.01 Property   1 521 West 21st Street 3.5% 71.0%        
8.02 Property   1 656 East 133rd Street 1.4% 29.0%        
9 Loan 45, 46 1 Arizona Republic Distribution Center 4.0% 100.0% DBRI GACC NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot 3.4% 100.0% LMF BMO NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 3.4% 100.0% DBRI GACC NAP NAP
12 Loan 56, 57 1 Waterstone Center 3.3% 100.0% GSBI GSMC NAP NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 3.3% 100.0% BCREI, BANA, JPMCB Barclays, JPMCB NAP NAP
14 Loan 66, 67, 68 1 Spinner Place 2.8% 100.0% JPMCB JPMCB NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 2.8% 100.0% BMO, CREFI BMO NAP NAP
16 Loan 78, 79 1 Doubletree Columbia 2.5% 100.0% CREFI CREFI NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 2.1%   BMO BMO NAP NAP
17.01 Property   1 2410-2418 Broadway 0.7% 34.1%        
17.02 Property   1 245 West 51st Street 0.7% 31.9%        
17.03 Property   1 324-326 West 84th Street 0.4% 19.3%        
17.04 Property   1 107 West 68th Street 0.2% 11.0%        
17.05 Property   1 1443-1447 York Avenue 0.1% 3.7%        
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 1.7% 100.0% BCREI Barclays NAP NAP
19 Loan   1 College Center Abella 1.6% 100.0% GSBI GSMC NAP NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 1.6% 100.0% BCREI, DBNY Barclays NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 1.4% 100.0% JPMCB JPMCB NAP NAP
22 Loan 96, 97 1 1124-1126 Third Avenue 1.2% 100.0% CREFI CREFI NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand 1.0%   CREFI CREFI NAP NAP
23.01 Property   1 Stockton 0.7% 68.4%        
23.02 Property   1 Nostrand 0.3% 31.6%        
24 Loan 101, 102, 103 1 688-690 9th Avenue 0.8% 100.0% CREFI CREFI NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 0.7% 100.0% GACC GACC NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 0.6% 100.0% CREFI CREFI Group 1 NAP
27 Loan   1 Cityline Safe Storage 0.5% 100.0% CREFI CREFI Group 1 NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman 0.5% 100.0% CREFI CREFI Group 1 NAP

 

 A-1 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Address City County State Zip Code
                   
1 Loan 9, 10, 11 1 Warwick New York 65 West 54th Street New York New York New York 10019
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 13146 Ballantyne Corporate Place Charlotte Mecklenburg North Carolina 28277
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 Various Various Various Various Various
3.01 Property   1 Prime Storage Bridgehampton 229 Butter Lane Bridgehampton Suffolk New York 11932
3.02 Property   1 Prime Storage Bohemia 868 Lincoln Avenue Bohemia Suffolk New York 11716
3.03 Property   1 Prime Storage Westhampton Beach 98 Depot Road Westhampton Beach Suffolk New York 11978
3.04 Property   1 Prime Storage Queens Jamaica 109-09 180th Street Jamaica Queens New York 11433
3.05 Property   1 Prime Storage West Palm Beach 411 and 422 7th Street West Palm Beach Palm Beach Florida 33401
3.06 Property   1 Prime Storage Snellville 3220 Centerville Highway Snellville Gwinnett Georgia 30039
3.07 Property   1 Prime Storage Shallotte 4747 Old Shallotte Road Northwest Shallotte Brunswick North Carolina 28470
3.08 Property   1 Prime Storage Danbury East 8A Great Pasture Road Danbury Fairfield Connecticut 06810
3.09 Property   1 Prime Storage Dallas 9088 Dallas Acworth Highway Dallas Paulding Georgia 30132
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 99 Pine Aire Drive Bay Shore Suffolk New York 11706
3.11 Property   1 Prime Storage Mesa 5932 East Brown Road Mesa Maricopa Arizona 85205
3.12 Property   1 Prime Storage Warren 130 Franklin Street Warren Bristol Rhode Island 02885
3.13 Property   1 Prime Storage Portsmouth 350 High Point Avenue Portsmouth Newport Rhode Island 02871
3.14 Property   1 Prime Storage Bolivia 890 Southport - Supply Road Southeast Bolivia Brunswick North Carolina 28422
3.15 Property   1 Prime Storage Charlottesville 2365, 2383 and 2375 Hunters Way Charlottesville Albemarle Virginia 22911
3.16 Property   1 Prime Storage Clifton 47 Main Avenue Clifton Passaic New Jersey 07014
3.17 Property   1 Prime Storage Centereach 21 Hammond Road Centereach Suffolk New York 11720
3.18 Property   1 Prime Storage Marietta North 3850 Shallowford Road Marietta Cobb Georgia 30062
3.19 Property   1 Prime Storage Hardeeville 1689 Brickyard Road Hardeeville Jasper South Carolina 29927
3.20 Property   1 Prime Storage Summerville 2248 North Main Street Summerville Berkeley South Carolina 29486
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 1553 Lynnhaven Parkway Virginia Beach Virginia Beach Virginia 23453
3.22 Property   1 Prime Storage Marietta South 155 Heathersett Drive Marietta Cobb Georgia 30064
3.23 Property   1 Prime Storage Cartersville 1340 Joe Frank Harris Parkway Cartersville Bartow Georgia 30120
3.24 Property   1 Prime Storage Danbury West 20 Old Ridgebury Road Danbury Fairfield Connecticut 06810
3.25 Property   1 Prime Storage Scarborough 8 Pleasant Hill Road Scarborough Cumberland Maine 04074
3.26 Property   1 Prime Storage Baltimore 3220 Wilkens Avenue Baltimore Baltimore Maryland 21229
3.27 Property   1 Prime Storage Farmingdale 2091 New Highway Farmingdale Suffolk New York 11735
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 3500 Wilkens Avenue Baltimore Baltimore Maryland 21229
3.29 Property   1 Prime Storage Glenville 65 Freemans Bridge Road Glenville Schenectady New York 12302
3.30 Property   1 Prime Storage Fishers Ford Dr. 12650 Ford Drive Fishers Hamilton Indiana 46038
3.31 Property   1 Prime Storage Acworth North 6394 Bells Ferry Road Acworth Cherokee Georgia 30102
3.32 Property   1 Prime Storage Rock Hill 2550 Cherry Road Rock Hill York South Carolina 29732
3.33 Property   1 Prime Storage Simpsonville 2711 Woodruff Road Simpsonville Greenville South Carolina 29681
3.34 Property   1 Prime Storage Acworth East 2645 Hickory Grove Road Acworth Cobb Georgia 30101
3.35 Property   1 Prime Storage Saco 28 Industrial Park Road Saco York Maine 04072
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 2613 North Point Boulevard Baltimore Baltimore Maryland 21222
3.37 Property   1 Prime Storage Green Island 12 Lower Hudson Avenue Green Island Albany New York 12183
3.38 Property   1 Prime Storage North Fort Myers 2590 North Tamiami Trail North Fort Myers Lee Florida 33903
3.39 Property   1 Prime Storage Marietta 1225 Canton Road Marietta Cobb Georgia 30066
3.40 Property   1 Prime Storage Midland 6700 Flat Rock Road Midland Muscogee Georgia 31820
3.41 Property   1 Prime Storage Lansing 1530 Lake Lansing Road Lansing Ingham Michigan 48912
3.42 Property   1 Prime Storage Acworth West 3495 Baker Road Acworth Cobb Georgia 30101
3.43 Property   1 Prime Storage Boardman 7469 South Avenue Boardman Mahoning Ohio 44512
3.44 Property   1 Prime Storage North Miami 1945 Northeast 135th Street North Miami Miami-Dade Florida 33181
3.45 Property   1 Prime Storage Greenville Butler Rd. 1260 East Butler Road Greenville Greenville South Carolina 29607
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio Various Various Maricopa Arizona Various
4.01 Property   1 Gilbert Gateway Towne Center 4684-5114 South Power Road Gilbert Maricopa Arizona 85212
4.02 Property   1 Scottsdale Towne Center 15454-15784 North Frank Lloyd Wright Boulevard Scottsdale  Maricopa Arizona 85260
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 1201 and 1113 Market Street Philadelphia Philadelphia Pennsylvania 19107
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage Various Various Various Various Various
6.01 Property   1 2615 East 12th Street 2615 East 12th Street Oakland Alameda California 94606
6.02 Property   1 Parkglenn Self-Storage 10144 Parkglenn Way Parker Douglas Colorado 80134
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 630 MacArthur Boulevard and 59 Jonathan Bourne Drive Bourne Barnstable Massachusetts 02559
6.04 Property   1 30690 Aldine Westfield Rd 30690 Aldine Westfield Road Spring Montgomery Texas 77386
6.05 Property   1 13404 E Broncos Pkwy 13404 East Broncos Parkway Englewood Arapahoe Colorado 80112
6.06 Property   1 3803 N Navarro St 3803 North Navarro Street Victoria Victoria Texas 77901
6.07 Property   1 2102 NW Stallings Dr 2102 Northwest Stallings Drive Nacogdoches Nacogdoches Texas 75964
6.08 Property   1 2005 W Wheeler Ave 2005 West Wheeler Avenue Aransas Pass San Patricio Texas 78336
6.09 Property   1 3817 Gulf Freeway 3817 Gulf Freeway Dickinson Galveston Texas 77539
6.10 Property   1 1600 E General Cavazos Blvd 1600 East General Cavazos Boulevard Kingsville Kleberg Texas 78363
6.11 Property   1 11615 Rubina Pl 11615 Rubina Place Waldorf Charles Maryland 20602
6.12 Property   1 4222 N Main St 4222 North Main Street Baytown Harris Texas 77521
6.13 Property   1 12 Irongate Drive 12 Irongate Drive Waldorf Charles Maryland 20602
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 1999 Harrison Street Oakland Alameda California 94612
8 Loan 44 2 Chelsea Bronx Portfolio Various Various Various New York Various
8.01 Property   1 521 West 21st Street 521 West 21st Street New York New York New York 10011
8.02 Property   1 656 East 133rd Street 656 East 133rd Street Bronx Bronx New York 10454
9 Loan 45, 46 1 Arizona Republic Distribution Center 22600 North 19th Avenue Phoenix  Maricopa Arizona 85027
10 Loan 47, 48, 49, 50 1 Related Home Depot 2560 Bruckner Boulevard Bronx Bronx New York 10465
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 1610 Broadway Street Lubbock Lubbock Texas 79401
12 Loan 56, 57 1 Waterstone Center 9851-9891 Waterstone Boulevard and 9040 Union Cemetery Road Cincinnati Warren Ohio 45249
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 2001 and 2005 Market Street Philadelphia Philadelphia Pennsylvania 19103
14 Loan 66, 67, 68 1 Spinner Place 25 Winooski Falls Way Winooski Chittenden Vermont 05404
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 200-210 Hudson Street Jersey City Hudson New Jersey 07311
16 Loan 78, 79 1 Doubletree Columbia 5485 Twin Knolls Road Columbia Howard Maryland 21045
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II Various New York New York New York Various
17.01 Property   1 2410-2418 Broadway 2410-2418 Broadway New York New York New York 10024
17.02 Property   1 245 West 51st Street 245 West 51st Street New York New York New York 10019
17.03 Property   1 324-326 West 84th Street 324-326 West 84th Street New York New York New York 10024
17.04 Property   1 107 West 68th Street 107 West 68th Street New York New York New York 10023
17.05 Property   1 1443-1447 York Avenue 1443-1447 York Avenue New York New York New York 10075
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 3450 Creek Pointe Drive East Point Fulton Georgia 30344
19 Loan   1 College Center Abella 2300, 2400, and 2554 El Portal Drive, 14350 Laurie Lane and 14330 San Pablo Avenue  San Pablo Contra Costa California 94806
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 12800 Culver Boulevard Los Angeles Los Angeles California 90066
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 17780 Fitch Avenue Irvine Orange California 92614
22 Loan 96, 97 1 1124-1126 Third Avenue 1124-1126 Third Avenue New York New York New York 10065
23 Loan 98, 99, 100 2 Stockton & Nostrand Various Brooklyn Kings New York Various
23.01 Property   1 Stockton 362 Stockton Street Brooklyn Kings New York 11206
23.02 Property   1 Nostrand 2131 Nostrand Avenue Brooklyn Kings New York 11210
24 Loan 101, 102, 103 1 688-690 9th Avenue 688-690 9th Avenue New York New York New York 10036
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 19881 Cajon Boulevard San Bernardino San Bernardino California 92407
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 7620 Memorial Parkway Southwest Huntsville Madison Alabama 35802
27 Loan   1 Cityline Safe Storage 452 Buffalo Road and 637 East Main Street Hohenwald Lewis Tennessee 38462
28 Loan   1 CityLine Added Space Self Storage Sparkman 2005 Sparkman Drive  Huntsville Madison Alabama 35810

 

 A-2 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name General Property Type Detailed Property Type Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($)
                         
1 Loan 9, 10, 11 1 Warwick New York Hospitality Full Service 1926 2014 426 Rooms 165,492.96 60,500,000
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne Office Suburban 2020 NAP 320,801 SF 293.02 56,000,000
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 Self Storage Self Storage Various Various 3,090,509 SF 131.33 55,000,000
3.01 Property   1 Prime Storage Bridgehampton Self Storage Self Storage 2005 NAP 67,842 SF   4,118,114
3.02 Property   1 Prime Storage Bohemia Self Storage Self Storage 1995 2004 153,175 SF   3,470,983
3.03 Property   1 Prime Storage Westhampton Beach Self Storage Self Storage 2003 2007 66,250 SF   2,220,841
3.04 Property   1 Prime Storage Queens Jamaica Self Storage Self Storage 1952 2007 89,028 SF   2,022,289
3.05 Property   1 Prime Storage West Palm Beach Self Storage Self Storage 2000 2011 70,670 SF   1,948,751
3.06 Property   1 Prime Storage Snellville Self Storage Self Storage 2006 2008 97,174 SF   1,838,444
3.07 Property   1 Prime Storage Shallotte Self Storage Self Storage 1994 2006 135,520 SF   1,698,722
3.08 Property   1 Prime Storage Danbury East Self Storage Self Storage 2002 NAP 81,744 SF   1,654,600
3.09 Property   1 Prime Storage Dallas Self Storage Self Storage 2003 NAP 77,898 SF   1,573,708
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. Self Storage Self Storage 1998 NAP 75,500 SF   1,551,647
3.11 Property   1 Prime Storage Mesa Self Storage Self Storage 2006 NAP 93,265 SF   1,544,293
3.12 Property   1 Prime Storage Warren Self Storage Self Storage 1945 2007 66,127 SF   1,463,402
3.13 Property   1 Prime Storage Portsmouth Self Storage Self Storage 2002 NAP 52,575 SF   1,323,680
3.14 Property   1 Prime Storage Bolivia Self Storage Self Storage 2006 NAP 85,925 SF   1,316,326
3.15 Property   1 Prime Storage Charlottesville Self Storage Self Storage 1999, 2002, 2007, 2013 NAP 72,465 SF   1,279,557
3.16 Property   1 Prime Storage Clifton Self Storage Self Storage 1947, 2000 2019 51,140 SF   1,257,496
3.17 Property   1 Prime Storage Centereach Self Storage Self Storage 1978, 1997 2019 68,031 SF   1,235,435
3.18 Property   1 Prime Storage Marietta North Self Storage Self Storage 2002 NAP 80,595 SF   1,191,312
3.19 Property   1 Prime Storage Hardeeville Self Storage Self Storage 2010 NAP 72,089 SF   1,161,897
3.20 Property   1 Prime Storage Summerville Self Storage Self Storage 2017 NAP 100,600 SF   1,158,220
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. Self Storage Self Storage 2016 NAP 62,183 SF   1,110,420
3.22 Property   1 Prime Storage Marietta South Self Storage Self Storage 1986, 2003 NAP 86,196 SF   1,103,066
3.23 Property   1 Prime Storage Cartersville Self Storage Self Storage 2001 2006 49,706 SF   1,036,883
3.24 Property   1 Prime Storage Danbury West Self Storage Self Storage 2010 NAP 43,789 SF   1,029,529
3.25 Property   1 Prime Storage Scarborough Self Storage Self Storage 1985 1998 53,025 SF   992,760
3.26 Property   1 Prime Storage Baltimore Self Storage Self Storage 1988 NAP 73,685 SF   941,283
3.27 Property   1 Prime Storage Farmingdale Self Storage Self Storage 1976 1994, 2006, 2009 43,998 SF   941,283
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. Self Storage Self Storage 1984 NAP 70,758 SF   919,222
3.29 Property   1 Prime Storage Glenville Self Storage Self Storage 1999 2004 62,143 SF   867,746
3.30 Property   1 Prime Storage Fishers Ford Dr. Self Storage Self Storage 1996 NAP 68,875 SF   830,977
3.31 Property   1 Prime Storage Acworth North Self Storage Self Storage 2001 NAP 67,599 SF   816,269
3.32 Property   1 Prime Storage Rock Hill Self Storage Self Storage 2016 NAP 72,300 SF   812,592
3.33 Property   1 Prime Storage Simpsonville Self Storage Self Storage 2004 2018 85,425 SF   797,885
3.34 Property   1 Prime Storage Acworth East Self Storage Self Storage 1999 NAP 64,877 SF   772,147
3.35 Property   1 Prime Storage Saco Self Storage Self Storage 2000 NAP 32,175 SF   772,147
3.36 Property   1 Prime Storage Baltimore North Point Blvd. Self Storage Self Storage 2007 NAP 48,200 SF   764,793
3.37 Property   1 Prime Storage Green Island Self Storage Self Storage 1997-1999 NAP 42,975 SF   698,609
3.38 Property   1 Prime Storage North Fort Myers Self Storage Self Storage 1984, 1996 NAP 40,928 SF   694,932
3.39 Property   1 Prime Storage Marietta Self Storage Self Storage 1988 1997 65,984 SF   683,901
3.40 Property   1 Prime Storage Midland Self Storage Self Storage 2001 2004 61,495 SF   661,840
3.41 Property   1 Prime Storage Lansing Self Storage Self Storage 1987 2004 54,785 SF   652,648
3.42 Property   1 Prime Storage Acworth West Self Storage Self Storage 1995, 1997, 2000 NAP 41,534 SF   647,132
3.43 Property   1 Prime Storage Boardman Self Storage Self Storage 1998 2020 80,558 SF   631,689
3.44 Property   1 Prime Storage North Miami Self Storage Self Storage 2002 NAP 16,955 SF   477,996
3.45 Property   1 Prime Storage Greenville Butler Rd. Self Storage Self Storage 1996 NAP 42,750 SF   312,536
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio Retail Anchored Various Various 432,068 SF 187.47 51,000,000
4.01 Property   1 Gilbert Gateway Towne Center Retail Anchored 2005 2010 263,978 SF   29,277,778
4.02 Property   1 Scottsdale Towne Center Retail Anchored 1995 NAP 168,090 SF   21,722,222
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown Hospitality Full Service 1995 2023 1,408 Rooms 152,698.86 50,000,000
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage Self Storage Self Storage Various Various 832,976 SF 102.04 43,750,000
6.01 Property   1 2615 East 12th Street Self Storage Self Storage 1975 2004 88,480 SF   9,316,176
6.02 Property   1 Parkglenn Self-Storage Self Storage Self Storage 2008 NAP 75,527 SF   4,665,809
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive Self Storage Self Storage 1984, 2002 NAP 51,157 SF   4,455,809
6.04 Property   1 30690 Aldine Westfield Rd Self Storage Self Storage 2017 NAP 109,300 SF   4,391,471
6.05 Property   1 13404 E Broncos Pkwy Self Storage Self Storage 2016 NAP 64,460 SF   3,629,191
6.06 Property   1 3803 N Navarro St Self Storage Self Storage 1998 NAP 81,250 SF   3,229,265
6.07 Property   1 2102 NW Stallings Dr Self Storage Self Storage 1998 NAP 57,100 SF   2,583,309
6.08 Property   1 2005 W Wheeler Ave Self Storage Self Storage 1998 NAP 56,950 SF   2,470,074
6.09 Property   1 3817 Gulf Freeway Self Storage Self Storage 2003 NAP 71,925 SF   2,292,500
6.10 Property   1 1600 E General Cavazos Blvd Self Storage Self Storage 2000 NAP 56,550 SF   2,195,735
6.11 Property   1 11615 Rubina Pl Self Storage Self Storage 2011 NAP 32,700 SF   1,743,824
6.12 Property   1 4222 N Main St Self Storage Self Storage 1986 2022 66,250 SF   1,646,544
6.13 Property   1 12 Irongate Drive Self Storage Self Storage 1984 NAP 21,327 SF   1,130,294
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza Office CBD 1985 2015 489,777 SF 163.34 35,000,000
8 Loan 44 2 Chelsea Bronx Portfolio Various Various Various Various 120,350 SF 257.58 31,000,000
8.01 Property   1 521 West 21st Street Retail Unanchored 1931 2015 30,350 SF   22,000,000
8.02 Property   1 656 East 133rd Street Industrial Warehouse 1930 2010 90,000 SF   9,000,000
9 Loan 45, 46 1 Arizona Republic Distribution Center Industrial Manufacturing/Distribution 1992 NAP 273,235 SF 91.31 24,950,000
10 Loan 47, 48, 49, 50 1 Related Home Depot Retail Single Tenant 2007 NAP 135,000 SF 155.56 21,000,000
11 Loan 51, 52, 53, 54, 55 1 Cotton Court Hospitality Full Service 2020 NAP 165 Rooms 127,272.73 21,000,000
12 Loan 56, 57 1 Waterstone Center Retail Anchored 1996 NAP 161,781 SF 129.11 20,887,900
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce Office CBD 1987, 1992 2013 1,896,143 SF 116.03 20,833,333
14 Loan 66, 67, 68 1 Spinner Place Multifamily Student Housing 2005 NAP 308 Beds 57,402.60 17,680,000
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 Office CBD 1930 2021 1,599,029 SF 140.71 17,500,000
16 Loan 78, 79 1 Doubletree Columbia Hospitality Full Service 1982 2019 152 Rooms 101,777.39 15,500,000
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II Multifamily Various Various Various 201 Units 268,656.72 13,000,000
17.01 Property   1 2410-2418 Broadway Multifamily High Rise 1915 1989 46 Units   4,439,259
17.02 Property   1 245 West 51st Street Multifamily High Rise 1912 1998 65 Units   4,147,963
17.03 Property   1 324-326 West 84th Street Multifamily High Rise 1914 NAP 48 Units   2,503,704
17.04 Property   1 107 West 68th Street Multifamily Mid Rise 1930 NAP 30 Units   1,425,185
17.05 Property   1 1443-1447 York Avenue Multifamily Mid Rise 1920 NAP 12 Units   483,889
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta Hospitality Limited Service 2008 2016 119 Rooms 89,075.63 10,600,000
19 Loan   1 College Center Abella Retail Anchored 1961, 1978, 1988, 2008 1990, 2000 98,292 SF 104.28 10,250,000
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard Other Data Center/Other 1968 1998-1999 296,000 SF 286.49 9,800,000
21 Loan 92, 93, 94, 95 1 Irvine Executive Center Office CBD 1983 NAP 50,023 SF 171.92 8,600,000
22 Loan 96, 97 1 1124-1126 Third Avenue Mixed Use Multifamily/Retail 1910 2022 9 Units 833,333.33 7,500,000
23 Loan 98, 99, 100 2 Stockton & Nostrand Various Various Various 2023 24 Units 263,541.67 6,325,000
23.01 Property   1 Stockton Multifamily Mid Rise 1931 2023 22 Units   4,325,000
23.02 Property   1 Nostrand Mixed Use Multifamily/Retail 1930 2023 2 Units   2,000,000
24 Loan 101, 102, 103 1 688-690 9th Avenue Mixed Use Multifamily/Retail 1886 1987 17 Units 294,117.65 5,000,000
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard Other Industrial Outdoor Storage 2022 NAP 260,567 SF 16.50 4,300,000
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway Self Storage Self Storage 1984 2021 75,450 SF 49.24 3,715,000
27 Loan   1 Cityline Safe Storage Self Storage Self Storage 2009 2023 47,280 SF 63.45 3,000,000
28 Loan   1 CityLine Added Space Self Storage Sparkman Self Storage Self Storage 1989 2015 60,825 SF 48.34 2,940,000

 

 A-3 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate % Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($) Amortization Type
                1   2   2    
1 Loan 9, 10, 11 1 Warwick New York 60,500,000 60,500,000 7.42000% 0.02049% 7.39951% NAP 379,287.38 NAP 4,551,448.56 Interest Only
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 56,000,000 56,000,000 7.38750% 0.02049% 7.36701% NAP 349,538.19 NAP 4,194,458.28 Interest Only
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 55,000,000 55,000,000 6.39000% 0.03524% 6.35476% NAP 296,942.71 NAP 3,563,312.52 Interest Only
3.01 Property   1 Prime Storage Bridgehampton 4,118,114 4,118,114                
3.02 Property   1 Prime Storage Bohemia 3,470,983 3,470,983                
3.03 Property   1 Prime Storage Westhampton Beach 2,220,841 2,220,841                
3.04 Property   1 Prime Storage Queens Jamaica 2,022,289 2,022,289                
3.05 Property   1 Prime Storage West Palm Beach 1,948,751 1,948,751                
3.06 Property   1 Prime Storage Snellville 1,838,444 1,838,444                
3.07 Property   1 Prime Storage Shallotte 1,698,722 1,698,722                
3.08 Property   1 Prime Storage Danbury East 1,654,600 1,654,600                
3.09 Property   1 Prime Storage Dallas 1,573,708 1,573,708                
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 1,551,647 1,551,647                
3.11 Property   1 Prime Storage Mesa 1,544,293 1,544,293                
3.12 Property   1 Prime Storage Warren 1,463,402 1,463,402                
3.13 Property   1 Prime Storage Portsmouth 1,323,680 1,323,680                
3.14 Property   1 Prime Storage Bolivia 1,316,326 1,316,326                
3.15 Property   1 Prime Storage Charlottesville 1,279,557 1,279,557                
3.16 Property   1 Prime Storage Clifton 1,257,496 1,257,496                
3.17 Property   1 Prime Storage Centereach 1,235,435 1,235,435                
3.18 Property   1 Prime Storage Marietta North 1,191,312 1,191,312                
3.19 Property   1 Prime Storage Hardeeville 1,161,897 1,161,897                
3.20 Property   1 Prime Storage Summerville 1,158,220 1,158,220                
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 1,110,420 1,110,420                
3.22 Property   1 Prime Storage Marietta South 1,103,066 1,103,066                
3.23 Property   1 Prime Storage Cartersville 1,036,883 1,036,883                
3.24 Property   1 Prime Storage Danbury West 1,029,529 1,029,529                
3.25 Property   1 Prime Storage Scarborough 992,760 992,760                
3.26 Property   1 Prime Storage Baltimore 941,283 941,283                
3.27 Property   1 Prime Storage Farmingdale 941,283 941,283                
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 919,222 919,222                
3.29 Property   1 Prime Storage Glenville 867,746 867,746                
3.30 Property   1 Prime Storage Fishers Ford Dr. 830,977 830,977                
3.31 Property   1 Prime Storage Acworth North 816,269 816,269                
3.32 Property   1 Prime Storage Rock Hill 812,592 812,592                
3.33 Property   1 Prime Storage Simpsonville 797,885 797,885                
3.34 Property   1 Prime Storage Acworth East 772,147 772,147                
3.35 Property   1 Prime Storage Saco 772,147 772,147                
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 764,793 764,793                
3.37 Property   1 Prime Storage Green Island 698,609 698,609                
3.38 Property   1 Prime Storage North Fort Myers 694,932 694,932                
3.39 Property   1 Prime Storage Marietta 683,901 683,901                
3.40 Property   1 Prime Storage Midland 661,840 661,840                
3.41 Property   1 Prime Storage Lansing 652,648 652,648                
3.42 Property   1 Prime Storage Acworth West 647,132 647,132                
3.43 Property   1 Prime Storage Boardman 631,689 631,689                
3.44 Property   1 Prime Storage North Miami 477,996 477,996                
3.45 Property   1 Prime Storage Greenville Butler Rd. 312,536 312,536                
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 51,000,000 51,000,000 7.85000% 0.03049% 7.81951% NAP 338,258.68 NAP 4,059,104.16 Interest Only
4.01 Property   1 Gilbert Gateway Towne Center 29,277,778 29,277,778                
4.02 Property   1 Scottsdale Towne Center 21,722,222 21,722,222                
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 50,000,000 50,000,000 8.70500% 0.02049% 8.68451% NAP 367,745.95 NAP 4,412,951.40 Interest Only
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 43,750,000 43,750,000 7.03000% 0.02049% 7.00951% NAP 259,861.83 NAP 3,118,341.96 Interest Only
6.01 Property   1 2615 East 12th Street 9,316,176 9,316,176                
6.02 Property   1 Parkglenn Self-Storage 4,665,809 4,665,809                
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 4,455,809 4,455,809                
6.04 Property   1 30690 Aldine Westfield Rd 4,391,471 4,391,471                
6.05 Property   1 13404 E Broncos Pkwy 3,629,191 3,629,191                
6.06 Property   1 3803 N Navarro St 3,229,265 3,229,265                
6.07 Property   1 2102 NW Stallings Dr 2,583,309 2,583,309                
6.08 Property   1 2005 W Wheeler Ave 2,470,074 2,470,074                
6.09 Property   1 3817 Gulf Freeway 2,292,500 2,292,500                
6.10 Property   1 1600 E General Cavazos Blvd 2,195,735 2,195,735                
6.11 Property   1 11615 Rubina Pl 1,743,824 1,743,824                
6.12 Property   1 4222 N Main St 1,646,544 1,646,544                
6.13 Property   1 12 Irongate Drive 1,130,294 1,130,294                
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 35,000,000 35,000,000 8.01220% 0.02049% 7.99171% NAP 236,934.85 NAP 2,843,218.20 Interest Only
8 Loan 44 2 Chelsea Bronx Portfolio 31,000,000 31,000,000 7.48000% 0.02049% 7.45951% NAP 195,917.13 NAP 2,351,005.56 Interest Only
8.01 Property   1 521 West 21st Street 22,000,000 22,000,000                
8.02 Property   1 656 East 133rd Street 9,000,000 9,000,000                
9 Loan 45, 46 1 Arizona Republic Distribution Center 24,950,000 24,950,000 7.48500% 0.02049% 7.46451% NAP 157,787.09 NAP 1,893,445.08 Interest Only
10 Loan 47, 48, 49, 50 1 Related Home Depot 21,000,000 21,000,000 8.07700% 0.02049% 8.05651% NAP 143,310.66 NAP 1,719,727.92 Interest Only
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 21,000,000 21,000,000 7.60150% 0.02049% 7.58101% NAP 134,873.84 NAP 1,618,486.08 Interest Only
12 Loan 56, 57 1 Waterstone Center 20,887,900 20,887,900 7.34010% 0.02049% 7.31961% NAP 129,540.59 NAP 1,554,487.08 Interest Only
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 20,833,333 20,833,333 7.78750% 0.02174% 7.76576% NAP 137,077.43 NAP 1,644,929.16 Interest Only
14 Loan 66, 67, 68 1 Spinner Place 17,680,000 17,680,000 8.16200% 0.02049% 8.14151% NAP 121,923.65 NAP 1,463,083.80 Interest Only
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 17,500,000 17,500,000 5.84000% 0.02049% 5.81951% NAP 86,349.54 NAP 1,036,194.48 Interest Only
16 Loan 78, 79 1 Doubletree Columbia 15,470,163 14,876,178 8.18000% 0.04924% 8.13076% 115,684.44 NAP 1,388,213.28 NAP Amortizing Balloon
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 13,000,000 13,000,000 4.18762962962963% 0.02049% 4.16714% NAP 45,996.07 NAP 551,952.84 Interest Only
17.01 Property   1 2410-2418 Broadway 4,439,259 4,439,259                
17.02 Property   1 245 West 51st Street 4,147,963 4,147,963                
17.03 Property   1 324-326 West 84th Street 2,503,704 2,503,704                
17.04 Property   1 107 West 68th Street 1,425,185 1,425,185                
17.05 Property   1 1443-1447 York Avenue 483,889 483,889                
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 10,600,000 10,353,458 8.00000% 0.02049% 7.97951% 77,779.04 71,648.15 933,348.48 859,777.80 Interest Only, Amortizing Balloon
19 Loan   1 College Center Abella 10,250,000 10,250,000 7.89120% 0.02049% 7.87071% NAP 68,340.17 NAP 820,082.04 Interest Only
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 9,800,000 9,800,000 6.53300% 0.02049% 6.51251% NAP 54,093.84 NAP 649,126.08 Interest Only
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 8,600,000 8,600,000 9.08900% 0.02049% 9.06851% NAP 66,042.53 NAP 792,510.36 Interest Only
22 Loan 96, 97 1 1124-1126 Third Avenue 7,500,000 7,500,000 8.00000% 0.02049% 7.97951% NAP 50,694.44 NAP 608,333.28 Interest Only
23 Loan 98, 99, 100 2 Stockton & Nostrand 6,325,000 6,325,000 7.38000% 0.02049% 7.35951% NAP 39,439.01 NAP 473,268.12 Interest Only
23.01 Property   1 Stockton 4,325,000 4,325,000                
23.02 Property   1 Nostrand 2,000,000 2,000,000                
24 Loan 101, 102, 103 1 688-690 9th Avenue 5,000,000 5,000,000 7.62000% 0.02049% 7.59951% NAP 32,190.97 NAP 386,291.64 Interest Only
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 4,300,000 4,300,000 8.27000% 0.06049% 8.20951% NAP 30,045.75 NAP 360,549.00 Interest Only
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 3,715,000 3,715,000 7.50000% 0.02049% 7.47951% NAP 23,541.23 NAP 282,494.76 Interest Only
27 Loan   1 Cityline Safe Storage 3,000,000 3,000,000 7.60000% 0.02049% 7.57951% NAP 19,263.89 NAP 231,166.68 Interest Only
28 Loan   1 CityLine Added Space Self Storage Sparkman 2,940,000 2,940,000 7.50000% 0.02049% 7.47951% NAP 18,630.21 NAP 223,562.52 Interest Only

 

 A-4 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.)
                             
1 Loan 9, 10, 11 1 Warwick New York No Actual/360 60 60 60 60 0 0 10/24/2023 0
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne No Actual/360 56 55 56 55 0 0 9/13/2023 1
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 No Actual/360 60 56 60 56 0 0 6/28/2023 4
3.01 Property   1 Prime Storage Bridgehampton                    
3.02 Property   1 Prime Storage Bohemia                    
3.03 Property   1 Prime Storage Westhampton Beach                    
3.04 Property   1 Prime Storage Queens Jamaica                    
3.05 Property   1 Prime Storage West Palm Beach                    
3.06 Property   1 Prime Storage Snellville                    
3.07 Property   1 Prime Storage Shallotte                    
3.08 Property   1 Prime Storage Danbury East                    
3.09 Property   1 Prime Storage Dallas                    
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.                    
3.11 Property   1 Prime Storage Mesa                    
3.12 Property   1 Prime Storage Warren                    
3.13 Property   1 Prime Storage Portsmouth                    
3.14 Property   1 Prime Storage Bolivia                    
3.15 Property   1 Prime Storage Charlottesville                    
3.16 Property   1 Prime Storage Clifton                    
3.17 Property   1 Prime Storage Centereach                    
3.18 Property   1 Prime Storage Marietta North                    
3.19 Property   1 Prime Storage Hardeeville                    
3.20 Property   1 Prime Storage Summerville                    
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.                    
3.22 Property   1 Prime Storage Marietta South                    
3.23 Property   1 Prime Storage Cartersville                    
3.24 Property   1 Prime Storage Danbury West                    
3.25 Property   1 Prime Storage Scarborough                    
3.26 Property   1 Prime Storage Baltimore                    
3.27 Property   1 Prime Storage Farmingdale                    
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.                    
3.29 Property   1 Prime Storage Glenville                    
3.30 Property   1 Prime Storage Fishers Ford Dr.                    
3.31 Property   1 Prime Storage Acworth North                    
3.32 Property   1 Prime Storage Rock Hill                    
3.33 Property   1 Prime Storage Simpsonville                    
3.34 Property   1 Prime Storage Acworth East                    
3.35 Property   1 Prime Storage Saco                    
3.36 Property   1 Prime Storage Baltimore North Point Blvd.                    
3.37 Property   1 Prime Storage Green Island                    
3.38 Property   1 Prime Storage North Fort Myers                    
3.39 Property   1 Prime Storage Marietta                    
3.40 Property   1 Prime Storage Midland                    
3.41 Property   1 Prime Storage Lansing                    
3.42 Property   1 Prime Storage Acworth West                    
3.43 Property   1 Prime Storage Boardman                    
3.44 Property   1 Prime Storage North Miami                    
3.45 Property   1 Prime Storage Greenville Butler Rd.                    
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio No Actual/360 60 59 60 59 0 0 10/4/2023 1
4.01 Property   1 Gilbert Gateway Towne Center                    
4.02 Property   1 Scottsdale Towne Center                    
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown No Actual/360 60 60 60 60 0 0 10/25/2023 0
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage No Actual/360 60 59 60 59 0 0 9/22/2023 1
6.01 Property   1 2615 East 12th Street                    
6.02 Property   1 Parkglenn Self-Storage                    
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive                    
6.04 Property   1 30690 Aldine Westfield Rd                    
6.05 Property   1 13404 E Broncos Pkwy                    
6.06 Property   1 3803 N Navarro St                    
6.07 Property   1 2102 NW Stallings Dr                    
6.08 Property   1 2005 W Wheeler Ave                    
6.09 Property   1 3817 Gulf Freeway                    
6.10 Property   1 1600 E General Cavazos Blvd                    
6.11 Property   1 11615 Rubina Pl                    
6.12 Property   1 4222 N Main St                    
6.13 Property   1 12 Irongate Drive                    
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza No Actual/360 60 60 60 60 0 0 10/12/2023 0
8 Loan 44 2 Chelsea Bronx Portfolio No Actual/360 60 60 60 60 0 0 10/10/2023 0
8.01 Property   1 521 West 21st Street                    
8.02 Property   1 656 East 133rd Street                    
9 Loan 45, 46 1 Arizona Republic Distribution Center No Actual/360 60 57 60 57 0 0 8/4/2023 3
10 Loan 47, 48, 49, 50 1 Related Home Depot No Actual/360 60 59 60 59 0 0 9/21/2023 1
11 Loan 51, 52, 53, 54, 55 1 Cotton Court No Actual/360 60 58 60 58 0 0 8/9/2023 2
12 Loan 56, 57 1 Waterstone Center No Actual/360 60 59 60 59 0 0 9/22/2023 1
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce No Actual/360 60 55 60 55 0 0 6/1/2023 5
14 Loan 66, 67, 68 1 Spinner Place No Actual/360 60 60 60 60 0 0 10/20/2023 0
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 No Actual/360 60 53 60 53 0 0 4/4/2023 7
16 Loan 78, 79 1 Doubletree Columbia No Actual/360 0 0 60 56 360 356 6/21/2023 4
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II No Actual/360 60 55 60 55 0 0 6/1/2023 5
17.01 Property   1 2410-2418 Broadway                    
17.02 Property   1 245 West 51st Street                    
17.03 Property   1 324-326 West 84th Street                    
17.04 Property   1 107 West 68th Street                    
17.05 Property   1 1443-1447 York Avenue                    
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta No Actual/360 24 23 60 59 360 360 9/14/2023 1
19 Loan   1 College Center Abella No Actual/360 60 59 60 59 0 0 9/8/2023 1
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard No Actual/360 60 56 60 56 0 0 6/20/2023 4
21 Loan 92, 93, 94, 95 1 Irvine Executive Center No Actual/360 60 59 60 59 0 0 9/7/2023 1
22 Loan 96, 97 1 1124-1126 Third Avenue No Actual/360 60 58 60 58 0 0 8/17/2023 2
23 Loan 98, 99, 100 2 Stockton & Nostrand No Actual/360 60 60 60 60 0 0 10/27/2023 0
23.01 Property   1 Stockton                    
23.02 Property   1 Nostrand                    
24 Loan 101, 102, 103 1 688-690 9th Avenue No Actual/360 60 59 60 59 0 0 9/8/2023 1
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard No Actual/360 60 58 60 58 0 0 8/15/2023 2
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway No Actual/360 60 59 60 59 0 0 9/28/2023 1
27 Loan   1 Cityline Safe Storage No Actual/360 60 58 60 58 0 0 8/16/2023 2
28 Loan   1 CityLine Added Space Self Storage Sparkman No Actual/360 60 59 60 59 0 0 9/28/2023 1

 

 A-5 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($)
                        3  
1 Loan 9, 10, 11 1 Warwick New York 6 12/6/2023 NAP 11/6/2028 NAP 0 0 L(24),D(29),O(7) 45,727,085
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 6 11/6/2023 NAP 6/6/2028 NAP 5 0 L(23),YM1(2),DorYM1(25),O(6) NAV
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 6 8/6/2023 NAP 7/6/2028 NAP 0 0 L(28),D(25),O(7) 60,511,925
3.01 Property   1 Prime Storage Bridgehampton                 3,293,363
3.02 Property   1 Prime Storage Bohemia                 3,031,453
3.03 Property   1 Prime Storage Westhampton Beach                 2,008,231
3.04 Property   1 Prime Storage Queens Jamaica                 2,612,099
3.05 Property   1 Prime Storage West Palm Beach                 2,382,849
3.06 Property   1 Prime Storage Snellville                 2,052,414
3.07 Property   1 Prime Storage Shallotte                 1,798,392
3.08 Property   1 Prime Storage Danbury East                 1,775,300
3.09 Property   1 Prime Storage Dallas                 1,623,050
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.                 1,729,251
3.11 Property   1 Prime Storage Mesa                 1,508,918
3.12 Property   1 Prime Storage Warren                 1,502,420
3.13 Property   1 Prime Storage Portsmouth                 1,289,666
3.14 Property   1 Prime Storage Bolivia                 1,329,375
3.15 Property   1 Prime Storage Charlottesville                 1,618,359
3.16 Property   1 Prime Storage Clifton                 1,305,675
3.17 Property   1 Prime Storage Centereach                 1,467,143
3.18 Property   1 Prime Storage Marietta North                 1,286,491
3.19 Property   1 Prime Storage Hardeeville                 1,506,927
3.20 Property   1 Prime Storage Summerville                 1,309,737
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.                 1,158,381
3.22 Property   1 Prime Storage Marietta South                 1,324,033
3.23 Property   1 Prime Storage Cartersville                 1,190,687
3.24 Property   1 Prime Storage Danbury West                 1,170,248
3.25 Property   1 Prime Storage Scarborough                 972,781
3.26 Property   1 Prime Storage Baltimore                 1,209,993
3.27 Property   1 Prime Storage Farmingdale                 1,088,536
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.                 1,009,276
3.29 Property   1 Prime Storage Glenville                 1,167,260
3.30 Property   1 Prime Storage Fishers Ford Dr.                 878,390
3.31 Property   1 Prime Storage Acworth North                 950,998
3.32 Property   1 Prime Storage Rock Hill                 1,094,422
3.33 Property   1 Prime Storage Simpsonville                 1,016,674
3.34 Property   1 Prime Storage Acworth East                 950,386
3.35 Property   1 Prime Storage Saco                 872,980
3.36 Property   1 Prime Storage Baltimore North Point Blvd.                 927,863
3.37 Property   1 Prime Storage Green Island                 851,550
3.38 Property   1 Prime Storage North Fort Myers                 863,768
3.39 Property   1 Prime Storage Marietta                 838,352
3.40 Property   1 Prime Storage Midland                 894,127
3.41 Property   1 Prime Storage Lansing                 779,440
3.42 Property   1 Prime Storage Acworth West                 839,327
3.43 Property   1 Prime Storage Boardman                 909,331
3.44 Property   1 Prime Storage North Miami                 695,751
3.45 Property   1 Prime Storage Greenville Butler Rd.                 426,260
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(25),D(28),O(7) 10,256,730
4.01 Property   1 Gilbert Gateway Towne Center                 6,806,553
4.02 Property   1 Scottsdale Towne Center                 3,450,177
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 6 12/6/2023 NAP 11/6/2028 NAP 0 0 L(24),DorYM0.5(29),O(7) 106,555,128
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(23),YM1(2),DorYM1(28),O(7) 12,013,064
6.01 Property   1 2615 East 12th Street                 2,210,647
6.02 Property   1 Parkglenn Self-Storage                 1,215,086
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive                 1,055,514
6.04 Property   1 30690 Aldine Westfield Rd                 1,159,823
6.05 Property   1 13404 E Broncos Pkwy                 973,511
6.06 Property   1 3803 N Navarro St                 916,169
6.07 Property   1 2102 NW Stallings Dr                 723,214
6.08 Property   1 2005 W Wheeler Ave                 782,739
6.09 Property   1 3817 Gulf Freeway                 820,163
6.10 Property   1 1600 E General Cavazos Blvd                 723,991
6.11 Property   1 11615 Rubina Pl                 515,616
6.12 Property   1 4222 N Main St                 590,114
6.13 Property   1 12 Irongate Drive                 326,479
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 6 12/6/2023 NAP 11/6/2028 NAP 0 0 L(24),D(29),O(7) 29,655,844
8 Loan 44 2 Chelsea Bronx Portfolio 6 12/6/2023 NAP 11/6/2028 NAP 0 0 L(24),D(29),O(7) 4,437,174
8.01 Property   1 521 West 21st Street                 3,188,749
8.02 Property   1 656 East 133rd Street                 1,248,425
9 Loan 45, 46 1 Arizona Republic Distribution Center 6 9/6/2023 NAP 8/6/2028 NAP 0 0 L(12),YM1(35),O(13) NAV
10 Loan 47, 48, 49, 50 1 Related Home Depot 6 11/6/2023 NAP 10/6/2028 NAP 5 0 L(25),D(28),O(7) 4,257,564
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 6 10/6/2023 NAP 9/6/2028 NAP 0 0 L(23),YM1(30),O(7) 9,271,275
12 Loan 56, 57 1 Waterstone Center 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(25),D(28),O(7) 3,954,038
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 6 7/6/2023 NAP 6/6/2028 NAP 0 0 L(24),YM1(29),O(7) 48,803,159
14 Loan 66, 67, 68 1 Spinner Place 1 12/1/2023 NAP 11/1/2028 NAP 0 0 L(25),YM1(32),O(3) 3,163,786
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 6 5/6/2023 NAP 4/6/2028 NAP 0 0 L(31),D(22),O(7) 49,314,096
16 Loan 78, 79 1 Doubletree Columbia 6 8/6/2023 8/6/2023 7/6/2028 NAP 0 0 L(28),D(26),O(6) 7,753,913
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 6 7/6/2023 NAP 6/6/2028 NAP 0 0 L(29),D(25),O(6) 9,136,948
17.01 Property   1 2410-2418 Broadway                 3,098,256
17.02 Property   1 245 West 51st Street                 2,818,647
17.03 Property   1 324-326 West 84th Street                 1,585,358
17.04 Property   1 107 West 68th Street                 992,913
17.05 Property   1 1443-1447 York Avenue                 641,776
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 6 11/6/2023 11/6/2025 10/6/2028 NAP 0 0 L(25),D(28),O(7) 3,929,109
19 Loan   1 College Center Abella 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(25),D(31),O(4) 2,583,839
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 6 8/6/2023 NAP 7/6/2028 NAP 5 0 L(24),YM1(29),O(7) NAV
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 1 11/1/2023 NAP 10/1/2028 NAP 0 0 L(25),D(29),O(6) 1,322,831
22 Loan 96, 97 1 1124-1126 Third Avenue 6 10/6/2023 NAP 9/6/2028 NAP 0 0 L(26),D(31),O(3) NAV
23 Loan 98, 99, 100 2 Stockton & Nostrand 6 12/6/2023 NAP 11/6/2028 NAP 0 0 L(24),D(29),O(7) NAV
23.01 Property   1 Stockton                 NAV
23.02 Property   1 Nostrand                 NAV
24 Loan 101, 102, 103 1 688-690 9th Avenue 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(25),D(28),O(7) 843,723
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 6 10/6/2023 NAP 9/6/2028 NAP 0 0 L(26),D(27),O(7) NAV
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(25),D(31),O(4) 566,338
27 Loan   1 Cityline Safe Storage 6 10/6/2023 NAP 9/6/2028 NAP 0 0 L(26),D(30),O(4) 409,788
28 Loan   1 CityLine Added Space Self Storage Sparkman 6 11/6/2023 NAP 10/6/2028 NAP 0 0 L(25),D(31),O(4) 458,985

 

 A-6 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($)
                             
1 Loan 9, 10, 11 1 Warwick New York 31,467,109 14,259,976 9/30/2023 T-12 41,898,594 28,995,912 12,902,683 12/31/2022 T-12 23,199,782
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 15,915,544 44,596,382 4/30/2023 T-12 59,091,500 15,797,611 43,293,889 12/31/2022 T-12 51,068,424
3.01 Property   1 Prime Storage Bridgehampton 389,086 2,904,277 4/30/2023 T-12 3,230,617 374,729 2,855,888 12/31/2022 T-12 2,863,849
3.02 Property   1 Prime Storage Bohemia 589,835 2,441,618 4/30/2023 T-12 3,014,782 590,955 2,423,827 12/31/2022 T-12 2,779,357
3.03 Property   1 Prime Storage Westhampton Beach 390,979 1,617,252 4/30/2023 T-12 1,981,832 398,680 1,583,152 12/31/2022 T-12 1,769,447
3.04 Property   1 Prime Storage Queens Jamaica 1,632,504 979,596 4/30/2023 T-12 2,501,877 1,639,166 862,711 12/31/2022 T-12 2,273,396
3.05 Property   1 Prime Storage West Palm Beach 581,836 1,801,013 4/30/2023 T-12 2,260,368 551,246 1,709,122 12/31/2022 T-12 1,927,691
3.06 Property   1 Prime Storage Snellville 447,989 1,604,425 4/30/2023 T-12 1,999,895 445,816 1,554,079 12/31/2022 T-12 1,761,451
3.07 Property   1 Prime Storage Shallotte 360,400 1,437,992 4/30/2023 T-12 1,793,293 360,312 1,432,981 12/31/2022 T-12 1,574,826
3.08 Property   1 Prime Storage Danbury East 409,248 1,366,052 4/30/2023 T-12 1,718,324 412,740 1,305,584 12/31/2022 T-12 1,467,883
3.09 Property   1 Prime Storage Dallas 293,876 1,329,175 4/30/2023 T-12 1,588,301 291,424 1,296,877 12/31/2022 T-12 1,394,540
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 483,303 1,245,948 4/30/2023 T-12 1,669,082 469,469 1,199,613 12/31/2022 T-12 1,542,257
3.11 Property   1 Prime Storage Mesa 341,202 1,167,716 4/30/2023 T-12 1,456,107 343,203 1,112,904 12/31/2022 T-12 1,176,783
3.12 Property   1 Prime Storage Warren 306,647 1,195,773 4/30/2023 T-12 1,444,537 302,824 1,141,713 12/31/2022 T-12 1,306,104
3.13 Property   1 Prime Storage Portsmouth 259,656 1,030,009 4/30/2023 T-12 1,287,358 256,630 1,030,728 12/31/2022 T-12 1,078,274
3.14 Property   1 Prime Storage Bolivia 258,836 1,070,540 4/30/2023 T-12 1,306,967 254,558 1,052,409 12/31/2022 T-12 1,082,216
3.15 Property   1 Prime Storage Charlottesville 401,638 1,216,721 4/30/2023 T-12 1,637,350 405,712 1,231,638 12/31/2022 T-12 1,462,843
3.16 Property   1 Prime Storage Clifton 362,872 942,803 4/30/2023 T-12 1,284,546 353,006 931,540 12/31/2022 T-12 1,158,165
3.17 Property   1 Prime Storage Centereach 507,669 959,474 4/30/2023 T-12 1,459,663 519,086 940,577 12/31/2022 T-12 1,245,039
3.18 Property   1 Prime Storage Marietta North 257,645 1,028,846 4/30/2023 T-12 1,253,010 256,034 996,976 12/31/2022 T-12 1,078,419
3.19 Property   1 Prime Storage Hardeeville 337,843 1,169,084 4/30/2023 T-12 1,457,789 331,044 1,126,745 12/31/2022 T-12 1,082,350
3.20 Property   1 Prime Storage Summerville 412,259 897,477 4/30/2023 T-12 1,264,309 407,586 856,723 12/31/2022 T-12 965,576
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 320,610 837,771 4/30/2023 T-12 1,100,120 312,098 788,022 12/31/2022 T-12 933,917
3.22 Property   1 Prime Storage Marietta South 314,968 1,009,065 4/30/2023 T-12 1,281,734 296,501 985,233 12/31/2022 T-12 1,074,104
3.23 Property   1 Prime Storage Cartersville 295,210 895,477 4/30/2023 T-12 1,160,276 283,060 877,216 12/31/2022 T-12 900,371
3.24 Property   1 Prime Storage Danbury West 336,607 833,641 4/30/2023 T-12 1,154,035 332,068 821,967 12/31/2022 T-12 1,005,918
3.25 Property   1 Prime Storage Scarborough 204,689 768,092 4/30/2023 T-12 969,943 210,404 759,539 12/31/2022 T-12 851,254
3.26 Property   1 Prime Storage Baltimore 353,073 856,920 4/30/2023 T-12 1,166,890 356,584 810,306 12/31/2022 T-12 988,629
3.27 Property   1 Prime Storage Farmingdale 374,814 713,721 4/30/2023 T-12 1,082,885 370,844 712,041 12/31/2022 T-12 1,004,505
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 296,673 712,603 4/30/2023 T-12 994,735 296,070 698,665 12/31/2022 T-12 844,603
3.29 Property   1 Prime Storage Glenville 334,793 832,467 4/30/2023 T-12 1,159,981 339,985 819,996 12/31/2022 T-12 1,053,018
3.30 Property   1 Prime Storage Fishers Ford Dr. 243,939 634,451 4/30/2023 T-12 852,355 245,083 607,272 12/31/2022 T-12 728,674
3.31 Property   1 Prime Storage Acworth North 229,601 721,398 4/30/2023 T-12 951,579 221,529 730,050 12/31/2022 T-12 790,946
3.32 Property   1 Prime Storage Rock Hill 336,974 757,449 4/30/2023 T-12 1,042,410 331,133 711,277 12/31/2022 T-12 836,476
3.33 Property   1 Prime Storage Simpsonville 303,578 713,096 4/30/2023 T-12 976,412 313,652 662,760 12/31/2022 T-12 774,765
3.34 Property   1 Prime Storage Acworth East 229,153 721,233 4/30/2023 T-12 939,384 231,559 707,825 12/31/2022 T-12 789,749
3.35 Property   1 Prime Storage Saco 207,692 665,287 4/30/2023 T-12 820,491 210,900 609,591 12/31/2022 T-12 724,331
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 246,844 681,019 4/30/2023 T-12 897,103 244,621 652,482 12/31/2022 T-12 792,388
3.37 Property   1 Prime Storage Green Island 244,154 607,396 4/30/2023 T-12 833,745 243,134 590,611 12/31/2022 T-12 767,195
3.38 Property   1 Prime Storage North Fort Myers 253,314 610,454 4/30/2023 T-12 796,885 253,755 543,130 12/31/2022 T-12 621,831
3.39 Property   1 Prime Storage Marietta 235,037 603,315 4/30/2023 T-12 815,959 227,879 588,080 12/31/2022 T-12 652,126
3.40 Property   1 Prime Storage Midland 261,396 632,731 4/30/2023 T-12 886,736 261,019 625,717 12/31/2022 T-12 838,768
3.41 Property   1 Prime Storage Lansing 258,337 521,103 4/30/2023 T-12 773,954 267,346 506,608 12/31/2022 T-12 714,596
3.42 Property   1 Prime Storage Acworth West 212,494 626,833 4/30/2023 T-12 816,871 206,224 610,647 12/31/2022 T-12 685,745
3.43 Property   1 Prime Storage Boardman 341,240 568,091 4/30/2023 T-12 940,214 337,075 603,139 12/31/2022 T-12 860,282
3.44 Property   1 Prime Storage North Miami 286,366 409,385 4/30/2023 T-12 659,411 267,221 392,190 12/31/2022 T-12 516,858
3.45 Property   1 Prime Storage Greenville Butler Rd. 168,666 257,594 4/30/2023 T-12 407,385 173,643 233,742 12/31/2022 T-12 326,909
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 3,013,347 7,243,383 6/30/2023 T-12 9,662,834 2,637,475 7,025,360 12/31/2022 T-12 NAV
4.01 Property   1 Gilbert Gateway Towne Center 2,079,666 4,726,887 6/30/2023 T-12 6,235,250 1,688,291 4,546,959 12/31/2022 T-12 NAV
4.02 Property   1 Scottsdale Towne Center 933,681 2,516,496 6/30/2023 T-12 3,427,584 949,184 2,478,401 12/31/2022 T-12 NAV
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 72,995,206 33,559,922 9/30/2023 T-12 85,149,141 59,158,454 25,990,687 12/31/2022 T-12 26,916,192
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 4,768,196 7,244,868 7/31/2023 T-12 11,420,348 4,394,178 7,026,170 12/31/2022 T-12 9,937,754
6.01 Property   1 2615 East 12th Street 651,574 1,559,072 7/31/2023 T-12 2,048,712 582,139 1,466,573 12/31/2022 T-12 1,899,866
6.02 Property   1 Parkglenn Self-Storage 497,641 717,444 7/31/2023 T-12 1,188,392 500,238 688,154 12/31/2022 T-12 989,239
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 308,099 747,415 7/31/2023 T-12 1,015,008 260,869 754,139 12/31/2022 T-12 1,045,680
6.04 Property   1 30690 Aldine Westfield Rd 440,169 719,654 7/31/2023 T-12 1,164,983 431,728 733,254 12/31/2022 T-12 1,105,092
6.05 Property   1 13404 E Broncos Pkwy 536,701 436,810 7/31/2023 T-12 921,192 434,523 486,670 12/31/2022 T-12 704,303
6.06 Property   1 3803 N Navarro St 304,898 611,271 7/31/2023 T-12 902,247 305,100 597,147 12/31/2022 T-12 782,857
6.07 Property   1 2102 NW Stallings Dr 267,772 455,442 7/31/2023 T-12 675,338 245,232 430,106 12/31/2022 T-12 567,698
6.08 Property   1 2005 W Wheeler Ave 311,524 471,215 7/31/2023 T-12 755,758 299,322 456,436 12/31/2022 T-12 672,275
6.09 Property   1 3817 Gulf Freeway 517,867 302,296 7/31/2023 T-12 820,225 436,176 384,049 12/31/2022 T-12 703,232
6.10 Property   1 1600 E General Cavazos Blvd 273,345 450,646 7/31/2023 T-12 704,274 277,426 426,848 12/31/2022 T-12 641,035
6.11 Property   1 11615 Rubina Pl 233,168 282,448 7/31/2023 T-12 411,326 244,714 166,612 12/31/2022 T-12 184,388
6.12 Property   1 4222 N Main St 338,200 251,913 7/31/2023 T-12 516,525 292,413 224,112 12/31/2022 T-12 394,977
6.13 Property   1 12 Irongate Drive 87,238 239,241 7/31/2023 T-12 296,368 84,299 212,069 12/31/2022 T-12 247,113
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 13,251,467 16,404,377 7/31/2023 T-12 29,029,206 12,821,365 16,207,841 12/31/2022 T-12 28,808,446
8 Loan 44 2 Chelsea Bronx Portfolio 1,105,193 3,331,981 7/31/2023 T-12 4,259,429 1,117,585 3,141,844 12/31/2022 T-12 3,556,062
8.01 Property   1 521 West 21st Street 820,409 2,368,340 7/31/2023 T-12 3,108,541 749,986 2,358,555 12/31/2022 T-12 2,778,994
8.02 Property   1 656 East 133rd Street 284,785 963,640 7/31/2023 T-12 1,150,888 367,599 783,289 12/31/2022 T-12 777,068
9 Loan 45, 46 1 Arizona Republic Distribution Center NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
10 Loan 47, 48, 49, 50 1 Related Home Depot 1,723,118 2,534,446 6/30/2023 T-12 4,234,449 1,880,903 2,353,546 12/31/2022 T-12 3,954,136
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 6,278,508 2,992,767 5/31/2023 T-12 9,062,928 6,202,179 2,860,749 12/31/2022 T-12 6,992,710
12 Loan 56, 57 1 Waterstone Center 1,286,373 2,667,665 7/31/2023 T-12 3,623,652 1,274,103 2,349,550 12/31/2022 T-12 3,693,938
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 23,821,189 24,981,970 4/30/2023 T-12 50,751,623 26,352,623 24,399,000 12/31/2022 T-12 48,746,255
14 Loan 66, 67, 68 1 Spinner Place 1,630,877 1,532,909 9/30/2023 T-12 2,898,992 1,528,888 1,370,104 12/31/2022 T-12 NAV
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 17,827,217 31,486,880 12/31/2022 T-12 47,450,874 18,047,218 29,403,655 12/31/2021 T-12 44,617,062
16 Loan 78, 79 1 Doubletree Columbia 5,258,895 2,495,018 5/31/2023 T-12 7,346,281 5,149,613 2,196,668 12/31/2022 T-12 5,397,638
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 3,632,923 5,504,026 Various T-12 8,765,177 3,653,111 5,112,066 12/31/2022 T-12 7,026,801
17.01 Property   1 2410-2418 Broadway 1,033,001 2,065,255 3/31/2023 T-12 3,065,169 1,036,944 2,028,224 12/31/2022 T-12 2,607,604
17.02 Property   1 245 West 51st Street 1,277,524 1,541,123 4/30/2023 T-12 2,657,546 1,285,629 1,371,917 12/31/2022 T-12 1,852,380
17.03 Property   1 324-326 West 84th Street 590,554 994,803 4/30/2023 T-12 1,507,631 594,408 913,223 12/31/2022 T-12 1,249,562
17.04 Property   1 107 West 68th Street 418,655 574,257 4/30/2023 T-12 939,950 427,240 512,709 12/31/2022 T-12 815,479
17.05 Property   1 1443-1447 York Avenue 313,188 328,587 4/30/2023 T-12 594,882 308,890 285,992 12/31/2022 T-12 501,777
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 2,369,520 1,559,589 8/31/2023 T-12 3,632,318 2,270,930 1,361,388 12/31/2022 T-12 2,775,242
19 Loan   1 College Center Abella 958,535 1,625,304 6/30/2023 T-12 2,453,833 921,287 1,532,546 12/31/2022 T-12 2,193,180
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 344,308 978,523 6/30/2023 T-12 NAV NAV NAV NAV NAV NAV
22 Loan 96, 97 1 1124-1126 Third Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
23 Loan 98, 99, 100 2 Stockton & Nostrand NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
23.01 Property   1 Stockton NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
23.02 Property   1 Nostrand NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
24 Loan 101, 102, 103 1 688-690 9th Avenue 435,119 408,604 6/30/2023 T-12 726,762 436,755 290,007 12/31/2022 T-12 895,076
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 179,111 387,227 7/31/2023 T-12 530,241 176,302 353,938 12/31/2022 T-12 NAV
27 Loan   1 Cityline Safe Storage 115,518 294,270 6/30/2023 T-12 376,387 108,965 267,423 12/31/2022 T-12 NAV
28 Loan   1 CityLine Added Space Self Storage Sparkman 165,670 293,315 7/31/2023 T-12 463,071 167,291 295,780 12/31/2022 T-12 NAV

 

 A-7 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($)
                           
1 Loan 9, 10, 11 1 Warwick New York 19,785,132 3,414,650 12/31/2021 T-12 86.6% 45,727,085 31,279,180 14,447,905 1,829,083
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne NAV NAV NAV NAV 92.4% 12,750,089 2,792,400 9,957,689 44,912
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 15,714,888 35,353,536 12/31/2021 T-12 84.6% 60,943,890 16,459,571 44,484,319 583,006
3.01 Property   1 Prime Storage Bridgehampton 372,920 2,490,929 12/31/2021 T-12 85.3% 3,353,231 400,335 2,952,896 14,269
3.02 Property   1 Prime Storage Bohemia 593,715 2,185,642 12/31/2021 T-12 82.0% 3,044,429 598,123 2,446,306 14,111
3.03 Property   1 Prime Storage Westhampton Beach 407,493 1,361,954 12/31/2021 T-12 86.5% 2,012,766 403,479 1,609,287 29,183
3.04 Property   1 Prime Storage Queens Jamaica 1,250,983 1,022,413 12/31/2021 T-12 86.4% 2,720,484 1,653,998 1,066,485 30,617
3.05 Property   1 Prime Storage West Palm Beach 565,232 1,362,459 12/31/2021 T-12 95.7% 2,526,988 638,249 1,888,740 38,851
3.06 Property   1 Prime Storage Snellville 459,504 1,301,947 12/31/2021 T-12 89.7% 2,085,064 457,327 1,627,737 11,994
3.07 Property   1 Prime Storage Shallotte 328,055 1,246,771 12/31/2021 T-12 82.8% 1,760,390 374,594 1,385,796 18,433
3.08 Property   1 Prime Storage Danbury East 400,599 1,067,284 12/31/2021 T-12 87.3% 1,761,327 483,263 1,278,064 14,969
3.09 Property   1 Prime Storage Dallas 289,036 1,105,504 12/31/2021 T-12 87.2% 1,668,284 302,780 1,365,505 9,430
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 480,638 1,061,619 12/31/2021 T-12 88.9% 1,818,099 479,055 1,339,044 10,069
3.11 Property   1 Prime Storage Mesa 353,973 822,810 12/31/2021 T-12 89.1% 1,520,869 349,774 1,171,095 15,141
3.12 Property   1 Prime Storage Warren 319,339 986,765 12/31/2021 T-12 93.5% 1,560,227 313,895 1,246,332 15,943
3.13 Property   1 Prime Storage Portsmouth 233,902 844,372 12/31/2021 T-12 81.0% 1,273,941 291,345 982,596 9,600
3.14 Property   1 Prime Storage Bolivia 245,005 837,211 12/31/2021 T-12 77.0% 1,259,320 270,160 989,161 8,349
3.15 Property   1 Prime Storage Charlottesville 395,954 1,066,889 12/31/2021 T-12 71.5% 1,457,962 434,945 1,023,017 22,894
3.16 Property   1 Prime Storage Clifton 425,205 732,960 12/31/2021 T-12 84.8% 1,294,899 368,054 926,845 13,483
3.17 Property   1 Prime Storage Centereach 579,756 665,283 12/31/2021 T-12 83.5% 1,517,715 520,866 996,849 10,257
3.18 Property   1 Prime Storage Marietta North 287,615 790,804 12/31/2021 T-12 85.0% 1,247,694 261,747 985,947 9,035
3.19 Property   1 Prime Storage Hardeeville 330,959 751,391 12/31/2021 T-12 86.8% 1,489,541 347,534 1,142,007 4,386
3.20 Property   1 Prime Storage Summerville 419,258 546,318 12/31/2021 T-12 89.1% 1,376,991 426,433 950,558 10,000
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 295,332 638,585 12/31/2021 T-12 91.5% 1,194,725 343,240 851,485 6,617
3.22 Property   1 Prime Storage Marietta South 305,206 768,898 12/31/2021 T-12 88.8% 1,319,193 315,567 1,003,626 17,058
3.23 Property   1 Prime Storage Cartersville 301,088 599,283 12/31/2021 T-12 85.3% 1,186,529 298,068 888,461 15,229
3.24 Property   1 Prime Storage Danbury West 301,837 704,081 12/31/2021 T-12 81.8% 1,141,311 424,003 717,309 6,660
3.25 Property   1 Prime Storage Scarborough 215,197 636,057 12/31/2021 T-12 82.6% 949,712 206,285 743,427 15,057
3.26 Property   1 Prime Storage Baltimore 406,621 582,008 12/31/2021 T-12 83.9% 1,214,835 356,696 858,140 25,278
3.27 Property   1 Prime Storage Farmingdale 398,426 606,079 12/31/2021 T-12 82.5% 1,102,566 381,238 721,329 11,771
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 307,442 537,161 12/31/2021 T-12 79.0% 1,054,046 298,291 755,754 11,793
3.29 Property   1 Prime Storage Glenville 339,049 713,969 12/31/2021 T-12 82.9% 1,154,471 358,477 795,995 8,343
3.30 Property   1 Prime Storage Fishers Ford Dr. 261,020 467,654 12/31/2021 T-12 89.9% 910,293 244,172 666,121 16,803
3.31 Property   1 Prime Storage Acworth North 216,857 574,089 12/31/2021 T-12 82.6% 916,278 247,633 668,645 7,744
3.32 Property   1 Prime Storage Rock Hill 347,820 488,656 12/31/2021 T-12 81.7% 1,057,337 339,535 717,802 6,267
3.33 Property   1 Prime Storage Simpsonville 338,572 436,193 12/31/2021 T-12 80.5% 993,547 306,494 687,053 9,024
3.34 Property   1 Prime Storage Acworth East 245,064 544,685 12/31/2021 T-12 86.1% 956,535 233,534 723,001 9,421
3.35 Property   1 Prime Storage Saco 213,229 511,102 12/31/2021 T-12 87.6% 894,789 210,500 684,288 4,429
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 284,819 507,569 12/31/2021 T-12 88.1% 929,401 246,485 682,916 7,171
3.37 Property   1 Prime Storage Green Island 238,813 528,382 12/31/2021 T-12 81.3% 836,734 244,491 592,244 4,779
3.38 Property   1 Prime Storage North Fort Myers 230,932 390,899 12/31/2021 T-12 91.2% 932,437 260,511 671,927 9,429
3.39 Property   1 Prime Storage Marietta 239,645 412,481 12/31/2021 T-12 87.3% 834,313 237,946 596,367 8,047
3.40 Property   1 Prime Storage Midland 250,414 588,354 12/31/2021 T-12 84.1% 895,515 252,760 642,755 9,396
3.41 Property   1 Prime Storage Lansing 242,354 472,242 12/31/2021 T-12 81.6% 771,169 245,593 525,576 8,043
3.42 Property   1 Prime Storage Acworth West 188,395 497,350 12/31/2021 T-12 81.5% 836,288 212,955 623,333 5,243
3.43 Property   1 Prime Storage Boardman 376,890 483,392 12/31/2021 T-12 67.0% 974,571 350,072 624,499 31,009
3.44 Property   1 Prime Storage North Miami 248,158 268,700 12/31/2021 T-12 85.4% 698,614 298,236 400,377 10,150
3.45 Property   1 Prime Storage Greenville Butler Rd. 182,569 144,340 12/31/2021 T-12 80.1% 438,458 170,834 267,624 7,234
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio NAV NAV NAV NAV 95.0% 11,841,358 3,087,027 8,754,331 64,810
4.01 Property   1 Gilbert Gateway Towne Center NAV NAV NAV NAV 95.0% 7,211,714 2,064,874 5,146,840 39,597
4.02 Property   1 Scottsdale Towne Center NAV NAV NAV NAV 95.0% 4,629,644 1,022,153 3,607,490 25,214
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 29,338,995 (2,422,803) 12/31/2021 T-12 60.2% 111,076,788 76,576,225 34,500,562 5,424,586
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 4,247,197 5,690,557 12/31/2021 T-12 100.0% 12,172,844 4,830,213 7,342,631 83,298
6.01 Property   1 2615 East 12th Street 565,068 1,334,798 12/31/2021 T-12 100.0% 2,261,971 757,955 1,504,016 8,848
6.02 Property   1 Parkglenn Self-Storage 445,531 543,708 12/31/2021 T-12 100.0% 1,224,766 494,452 730,314 7,553
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 236,797 808,883 12/31/2021 T-12 100.0% 1,041,903 295,259 746,645 5,116
6.04 Property   1 30690 Aldine Westfield Rd 482,107 622,984 12/31/2021 T-12 100.0% 1,149,418 399,536 749,882 10,930
6.05 Property   1 13404 E Broncos Pkwy 408,593 295,710 12/31/2021 T-12 100.0% 988,719 502,306 486,413 6,446
6.06 Property   1 3803 N Navarro St 315,045 467,812 12/31/2021 T-12 100.0% 902,552 335,655 566,897 8,125
6.07 Property   1 2102 NW Stallings Dr 230,467 337,231 12/31/2021 T-12 100.0% 760,156 266,361 493,795 5,710
6.08 Property   1 2005 W Wheeler Ave 292,723 379,552 12/31/2021 T-12 100.0% 817,348 350,294 467,054 5,695
6.09 Property   1 3817 Gulf Freeway 363,771 339,461 12/31/2021 T-12 100.0% 823,488 445,949 377,539 7,193
6.10 Property   1 1600 E General Cavazos Blvd 249,813 391,222 12/31/2021 T-12 100.0% 743,656 335,322 408,334 5,655
6.11 Property   1 11615 Rubina Pl 234,628 (50,240) 12/31/2021 T-12 100.0% 534,620 229,219 305,401 3,270
6.12 Property   1 4222 N Main St 304,839 90,138 12/31/2021 T-12 100.0% 591,772 329,773 261,999 6,625
6.13 Property   1 12 Irongate Drive 117,815 129,298 12/31/2021 T-12 100.0% 332,474 88,132 244,342 2,133
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 11,994,816 16,813,630 12/31/2021 T-12 83.7% 30,556,308 14,081,611 16,474,697 122,444
8 Loan 44 2 Chelsea Bronx Portfolio 1,156,485 2,399,577 12/31/2021 T-12 95.0% 4,332,114 1,211,551 3,120,563 12,236
8.01 Property   1 521 West 21st Street 766,239 2,012,755 12/31/2021 T-12 95.0% 3,051,948 827,547 2,224,400 4,736
8.02 Property   1 656 East 133rd Street 390,245 386,823 12/31/2021 T-12 95.0% 1,280,166 384,004 896,162 7,500
9 Loan 45, 46 1 Arizona Republic Distribution Center NAV NAV NAV NAV 95.0% 3,483,830 641,840 2,841,990 27,324
10 Loan 47, 48, 49, 50 1 Related Home Depot 1,858,627 2,095,509 12/31/2021 T-12 100.0% 4,257,565 2,019,892 2,237,673 0
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 4,969,552 2,023,158 12/31/2021 T-12 60.3% 9,327,465 6,355,038 2,972,426 373,099
12 Loan 56, 57 1 Waterstone Center 1,289,551 2,404,387 12/31/2021 T-12 94.4% 3,817,078 1,348,029 2,469,049 33,851
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 26,530,878 22,215,377 12/31/2021 T-12 80.5% 57,815,225 25,392,147 32,423,078 474,036
14 Loan 66, 67, 68 1 Spinner Place NAV NAV NAV NAV 95.0% 3,687,972 1,684,048 2,003,924 30,800
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 18,489,525 26,127,537 12/31/2020 T-12 74.5% 51,753,039 18,582,167 33,170,872 319,806
16 Loan 78, 79 1 Doubletree Columbia 3,924,576 1,473,062 12/31/2021 T-12 72.5% 7,753,913 5,349,983 2,403,930 310,157
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 3,434,840 3,591,961 12/31/2021 T-12 97.0% 10,258,769 3,618,806 6,639,963 42,061
17.01 Property   1 2410-2418 Broadway 956,923 1,650,681 12/31/2021 T-12 96.3% 3,318,231 1,009,585 2,308,646 9,981
17.02 Property   1 245 West 51st Street 1,203,100 649,280 12/31/2021 T-12 97.0% 3,262,292 1,296,739 1,965,553 13,750
17.03 Property   1 324-326 West 84th Street 560,294 689,268 12/31/2021 T-12 97.0% 1,744,803 568,365 1,176,439 9,600
17.04 Property   1 107 West 68th Street 401,133 414,345 12/31/2021 T-12 100.0% 1,137,476 433,973 703,502 6,000
17.05 Property   1 1443-1447 York Avenue 313,389 188,387 12/31/2021 T-12 96.0% 795,968 310,145 485,824 2,730
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 1,951,319 823,923 12/31/2021 T-12 71.2% 3,929,109 2,358,195 1,570,914 157,164
19 Loan   1 College Center Abella 970,943 1,222,237 12/31/2021 T-12 82.5% 2,410,995 900,250 1,510,745 34,402
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAV NAV NAV NAV 95.0% 13,492,252 134,923 13,357,329 29,600
21 Loan 92, 93, 94, 95 1 Irvine Executive Center NAV NAV NAV NAV 92.0% 1,571,350 464,246 1,107,103 14,006
22 Loan 96, 97 1 1124-1126 Third Avenue NAV NAV NAV NAV 97.0% 1,095,778 322,327 773,451 2,439
23 Loan 98, 99, 100 2 Stockton & Nostrand NAV NAV NAV NAV 97.0% 833,882 239,095 594,787 6,861
23.01 Property   1 Stockton NAV NAV NAV NAV 97.0% 558,825 168,495 390,330 5,896
23.02 Property   1 Nostrand NAV NAV NAV NAV 95.4% 275,057 70,600 204,456 965
24 Loan 101, 102, 103 1 688-690 9th Avenue 445,397 449,679 12/31/2021 T-12 97.0% 952,426 465,370 487,056 8,332
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAV NAV NAV NAV 95.0% 678,761 133,421 545,340 5,400
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAV NAV NAV NAV 76.7% 566,338 191,780 374,558 7,545
27 Loan   1 Cityline Safe Storage NAV NAV NAV NAV 92.0% 409,788 118,084 291,705 4,728
28 Loan   1 CityLine Added Space Self Storage Sparkman NAV NAV NAV NAV 81.6% 458,985 175,394 283,591 6,083

 

 A-8 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%) Underwritten NCF Debt Yield (%) Appraised Value ($) Appraised Value Type Appraisal Date
              4 4          
1 Loan 9, 10, 11 1 Warwick New York 0 12,618,822 2.72 2.38 20.5% 17.9% 216,000,000 As Is 10/3/2023
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 144,900 9,767,877 1.41 1.39 10.6% 10.4% 150,700,000 As Is 6/10/2023
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 0 43,901,313 1.69 1.67 11.0% 10.8% 790,800,000 As Portfolio 4/21/2023
3.01 Property   1 Prime Storage Bridgehampton 0 2,938,627         56,000,000 As Is 3/3/2023
3.02 Property   1 Prime Storage Bohemia 0 2,432,195         47,200,000 As Is 3/2/2023
3.03 Property   1 Prime Storage Westhampton Beach 0 1,580,104         30,200,000 As Is 3/3/2023
3.04 Property   1 Prime Storage Queens Jamaica 0 1,035,868         27,500,000 As Is 3/2/2023
3.05 Property   1 Prime Storage West Palm Beach 0 1,849,888         26,500,000 As Is 3/1/2023
3.06 Property   1 Prime Storage Snellville 0 1,615,742         25,000,000 As Is 3/2/2023
3.07 Property   1 Prime Storage Shallotte 0 1,367,363         23,100,000 As Is 2/28/2023
3.08 Property   1 Prime Storage Danbury East 0 1,263,096         22,500,000 As Is 2/27/2023
3.09 Property   1 Prime Storage Dallas 0 1,356,075         21,400,000 As Is 3/1/2023
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 0 1,328,976         21,100,000 As Is 3/2/2023
3.11 Property   1 Prime Storage Mesa 0 1,155,954         21,000,000 As Is 3/3/2023
3.12 Property   1 Prime Storage Warren 0 1,230,390         19,900,000 As Is 3/2/2023
3.13 Property   1 Prime Storage Portsmouth 0 972,996         18,000,000 As Is 3/2/2023
3.14 Property   1 Prime Storage Bolivia 0 980,812         17,900,000 As Is 2/28/2023
3.15 Property   1 Prime Storage Charlottesville 0 1,000,123         17,400,000 As Is 3/2/2023
3.16 Property   1 Prime Storage Clifton 0 913,362         17,100,000 As Is 2/27/2023
3.17 Property   1 Prime Storage Centereach 0 986,592         16,800,000 As Is 3/3/2023
3.18 Property   1 Prime Storage Marietta North 0 976,912         16,200,000 As Is 3/1/2023
3.19 Property   1 Prime Storage Hardeeville 0 1,137,622         15,800,000 As Is 3/6/2023
3.20 Property   1 Prime Storage Summerville 0 940,558         15,750,000 As Is 3/6/2023
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 0 844,868         15,100,000 As Is 3/7/2023
3.22 Property   1 Prime Storage Marietta South 0 986,568         15,000,000 As Is 3/1/2023
3.23 Property   1 Prime Storage Cartersville 0 873,232         14,100,000 As Is 3/1/2023
3.24 Property   1 Prime Storage Danbury West 0 710,649         14,000,000 As Is 2/27/2023
3.25 Property   1 Prime Storage Scarborough 0 728,370         13,500,000 As Is 3/3/2023
3.26 Property   1 Prime Storage Baltimore 0 832,861         12,800,000 As Is 3/3/2023
3.27 Property   1 Prime Storage Farmingdale 0 709,557         12,800,000 As Is 3/2/2023
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 0 743,961         12,500,000 As Is 3/3/2023
3.29 Property   1 Prime Storage Glenville 0 787,652         11,800,000 As Is 3/6/2023
3.30 Property   1 Prime Storage Fishers Ford Dr. 0 649,318         11,300,000 As Is 3/2/2023
3.31 Property   1 Prime Storage Acworth North 0 660,902         11,100,000 As Is 3/1/2023
3.32 Property   1 Prime Storage Rock Hill 0 711,535         11,050,000 As Is 3/6/2023
3.33 Property   1 Prime Storage Simpsonville 0 678,029         10,850,000 As Is 3/6/2023
3.34 Property   1 Prime Storage Acworth East 0 713,580         10,500,000 As Is 3/1/2023
3.35 Property   1 Prime Storage Saco 0 679,860         10,500,000 As Is 3/3/2023
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 0 675,744         10,400,000 As Is 3/3/2023
3.37 Property   1 Prime Storage Green Island 0 587,465         9,500,000 As Is 3/6/2023
3.38 Property   1 Prime Storage North Fort Myers 0 662,498         9,450,000 As Is 3/7/2023
3.39 Property   1 Prime Storage Marietta 0 588,320         9,300,000 As Is 3/1/2023
3.40 Property   1 Prime Storage Midland 0 633,359         9,000,000 As Is 3/1/2023
3.41 Property   1 Prime Storage Lansing 0 517,533         8,875,000 As Is 3/2/2023
3.42 Property   1 Prime Storage Acworth West 0 618,091         8,800,000 As Is 3/1/2023
3.43 Property   1 Prime Storage Boardman 0 593,490         8,360,000 As Is 2/24/2023
3.44 Property   1 Prime Storage North Miami 0 390,227         6,500,000 As Is 3/1/2023
3.45 Property   1 Prime Storage Greenville Butler Rd. 0 260,390         4,250,000 As Is 3/6/2023
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 324,051 8,365,470 1.36 1.30 10.8% 10.3% 143,450,000 Prospective Market Value Upon Stabilization Various
4.01 Property   1 Gilbert Gateway Towne Center 197,984 4,909,260         80,410,000 Prospective Market Value Upon Stabilization 2/1/2024
4.02 Property   1 Scottsdale Towne Center 126,068 3,456,209         63,040,000 Prospective Market Value Upon Stabilization 11/1/2024
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 0 29,075,976 1.82 1.53 16.0% 13.5% 391,300,000 As Is 9/7/2023
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 0 7,259,334 1.21 1.20 8.6% 8.5% 142,000,000 As Is Portfolio Various
6.01 Property   1 2615 East 12th Street 0 1,495,168         28,850,000 As Is 8/5/2023
6.02 Property   1 Parkglenn Self-Storage 0 722,761         14,450,000 As Is 8/8/2023
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 0 741,529         13,800,000 As Is 8/3/2023
6.04 Property   1 30690 Aldine Westfield Rd 0 738,952         13,600,000 As Is 8/10/2023
6.05 Property   1 13404 E Broncos Pkwy 0 479,967         11,240,000 As Is 8/8/2023
6.06 Property   1 3803 N Navarro St 0 558,772         10,000,000 As Is 8/11/2023
6.07 Property   1 2102 NW Stallings Dr 0 488,085         8,000,000 As Is 8/9/2023
6.08 Property   1 2005 W Wheeler Ave 0 461,359         7,650,000 As Is 8/10/2023
6.09 Property   1 3817 Gulf Freeway 0 370,346         7,100,000 As Is 8/10/2023
6.10 Property   1 1600 E General Cavazos Blvd 0 402,679         6,800,000 As Is 8/10/2023
6.11 Property   1 11615 Rubina Pl 0 302,131         5,400,000 As Is 8/9/2023
6.12 Property   1 4222 N Main St 0 255,374         5,100,000 As Is 8/10/2023
6.13 Property   1 12 Irongate Drive 0 242,209         3,500,000 As Is 8/9/2023
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 806,580 15,545,673 2.54 2.39 20.6% 19.4% 242,500,000 As Is 7/11/2023
8 Loan 44 2 Chelsea Bronx Portfolio 0 3,108,327 1.33 1.32 10.1% 10.0% 53,300,000 As Is Various
8.01 Property   1 521 West 21st Street 0 2,219,665         37,600,000 As Is 8/17/2023
8.02 Property   1 656 East 133rd Street 0 888,662         15,700,000 As Is 8/18/2023
9 Loan 45, 46 1 Arizona Republic Distribution Center 136,618 2,678,049 1.50 1.41 11.4% 10.7% 38,400,000 As Is 6/20/2023
10 Loan 47, 48, 49, 50 1 Related Home Depot 0 2,237,673 1.30 1.30 10.7% 10.7% 45,000,000 As Is 8/1/2023
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 0 2,599,328 1.84 1.61 14.2% 12.4% 38,200,000 As Complete 9/30/2023
12 Loan 56, 57 1 Waterstone Center 121,531 2,313,666 1.59 1.49 11.8% 11.1% 31,900,000 As Is 8/2/2023
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 2,844,215 29,104,827 1.87 1.68 14.7% 13.2% 428,000,000 As Is 3/30/2023
14 Loan 66, 67, 68 1 Spinner Place 0 1,973,124 1.37 1.35 11.3% 11.2% 27,700,000 As Is 8/25/2023
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 1,387,420 31,463,647 2.49 2.36 14.7% 14.0% 396,000,000 As Is 2/7/2023
16 Loan 78, 79 1 Doubletree Columbia 0 2,093,773 1.73 1.51 15.5% 13.5% 27,600,000 As Is 5/18/2023
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 12,405 6,585,497 2.90 2.87 12.3% 12.2% 137,700,000 As Is Various
17.01 Property   1 2410-2418 Broadway 5,205 2,293,460         42,600,000 As Is 3/23/2023
17.02 Property   1 245 West 51st Street 5,000 1,946,803         41,600,000 As Is 3/22/2023
17.03 Property   1 324-326 West 84th Street 0 1,166,839         28,400,000 As Is 3/23/2023
17.04 Property   1 107 West 68th Street 0 697,502         14,300,000 As Is 3/23/2023
17.05 Property   1 1443-1447 York Avenue 2,200 480,894         10,800,000 As Is 3/22/2023
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 0 1,413,749 1.68 1.51 14.8% 13.3% 17,300,000 As Is (Extraordinary Assumption) 6/6/2023
19 Loan   1 College Center Abella 67,242 1,409,101 1.84 1.72 14.7% 13.7% 23,200,000 As Is 6/26/2023
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 0 13,327,729 2.38 2.37 15.8% 15.7% 215,000,000 As Is 5/12/2023
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 51,582 1,041,515 1.40 1.31 12.9% 12.1% 12,000,000 As Is 5/22/2023
22 Loan 96, 97 1 1124-1126 Third Avenue 16,997 754,015 1.27 1.24 10.3% 10.1% 14,350,000 As Is 6/21/2023
23 Loan 98, 99, 100 2 Stockton & Nostrand 6,200 581,726 1.26 1.23 9.4% 9.2% 9,725,000 As Is 9/20/2023
23.01 Property   1 Stockton 0 384,434         6,625,000 As Is 9/20/2023
23.02 Property   1 Nostrand 6,200 197,291         3,100,000 As Is 9/20/2023
24 Loan 101, 102, 103 1 688-690 9th Avenue 0 478,723 1.26 1.24 9.7% 9.6% 8,500,000 As Is 5/24/2023
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 0 539,940 1.51 1.50 12.7% 12.6% 12,500,000 As Is 1/19/2023
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 0 367,013 1.33 1.30 10.1% 9.9% 7,400,000 As Is 8/15/2023
27 Loan   1 Cityline Safe Storage 0 286,977 1.26 1.24 9.7% 9.6% 5,350,000 As Is 6/25/2023
28 Loan   1 CityLine Added Space Self Storage Sparkman 0 277,509 1.27 1.24 9.6% 9.4% 6,300,000 As Is 8/15/2023

 

 A-9 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N) Largest Tenant Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date
              5           6
1 Loan 9, 10, 11 1 Warwick New York 32.6% 32.6% 86.6% 9/30/2023 NAP NAP NAP NAP NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 62.4% 62.4% 92.5% 9/13/2023 No Credit Karma 224,201 69.9% 6/30/2031
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 51.3% 51.3% 84.6%            
3.01 Property   1 Prime Storage Bridgehampton     85.3% 4/30/2023 NAP NAP NAP NAP NAP
3.02 Property   1 Prime Storage Bohemia     82.0% 4/30/2023 NAP NAP NAP NAP NAP
3.03 Property   1 Prime Storage Westhampton Beach     86.5% 4/30/2023 NAP NAP NAP NAP NAP
3.04 Property   1 Prime Storage Queens Jamaica     86.4% 4/30/2023 NAP NAP NAP NAP NAP
3.05 Property   1 Prime Storage West Palm Beach     95.7% 4/30/2023 NAP NAP NAP NAP NAP
3.06 Property   1 Prime Storage Snellville     89.7% 4/30/2023 NAP NAP NAP NAP NAP
3.07 Property   1 Prime Storage Shallotte     82.8% 4/30/2023 NAP NAP NAP NAP NAP
3.08 Property   1 Prime Storage Danbury East     87.3% 4/30/2023 NAP NAP NAP NAP NAP
3.09 Property   1 Prime Storage Dallas     87.2% 4/30/2023 NAP NAP NAP NAP NAP
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.     88.9% 4/30/2023 NAP NAP NAP NAP NAP
3.11 Property   1 Prime Storage Mesa     89.1% 4/30/2023 NAP NAP NAP NAP NAP
3.12 Property   1 Prime Storage Warren     93.5% 4/30/2023 NAP NAP NAP NAP NAP
3.13 Property   1 Prime Storage Portsmouth     81.0% 4/30/2023 NAP NAP NAP NAP NAP
3.14 Property   1 Prime Storage Bolivia     77.0% 4/30/2023 NAP NAP NAP NAP NAP
3.15 Property   1 Prime Storage Charlottesville     71.5% 4/30/2023 NAP NAP NAP NAP NAP
3.16 Property   1 Prime Storage Clifton     84.8% 4/30/2023 NAP NAP NAP NAP NAP
3.17 Property   1 Prime Storage Centereach     83.5% 4/30/2023 NAP NAP NAP NAP NAP
3.18 Property   1 Prime Storage Marietta North     85.0% 4/30/2023 NAP NAP NAP NAP NAP
3.19 Property   1 Prime Storage Hardeeville     86.8% 4/30/2023 NAP NAP NAP NAP NAP
3.20 Property   1 Prime Storage Summerville     89.1% 4/30/2023 NAP NAP NAP NAP NAP
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.     91.5% 4/30/2023 NAP NAP NAP NAP NAP
3.22 Property   1 Prime Storage Marietta South     88.8% 4/30/2023 NAP NAP NAP NAP NAP
3.23 Property   1 Prime Storage Cartersville     85.3% 4/30/2023 NAP NAP NAP NAP NAP
3.24 Property   1 Prime Storage Danbury West     81.8% 4/30/2023 NAP NAP NAP NAP NAP
3.25 Property   1 Prime Storage Scarborough     82.6% 4/30/2023 NAP NAP NAP NAP NAP
3.26 Property   1 Prime Storage Baltimore     83.9% 4/30/2023 NAP NAP NAP NAP NAP
3.27 Property   1 Prime Storage Farmingdale     82.5% 4/30/2023 NAP NAP NAP NAP NAP
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.     79.0% 4/30/2023 NAP NAP NAP NAP NAP
3.29 Property   1 Prime Storage Glenville     82.9% 4/30/2023 NAP NAP NAP NAP NAP
3.30 Property   1 Prime Storage Fishers Ford Dr.     89.9% 4/30/2023 NAP NAP NAP NAP NAP
3.31 Property   1 Prime Storage Acworth North     82.6% 4/30/2023 NAP NAP NAP NAP NAP
3.32 Property   1 Prime Storage Rock Hill     81.7% 4/30/2023 NAP NAP NAP NAP NAP
3.33 Property   1 Prime Storage Simpsonville     80.5% 4/30/2023 NAP NAP NAP NAP NAP
3.34 Property   1 Prime Storage Acworth East     86.1% 4/30/2023 NAP NAP NAP NAP NAP
3.35 Property   1 Prime Storage Saco     87.6% 4/30/2023 NAP NAP NAP NAP NAP
3.36 Property   1 Prime Storage Baltimore North Point Blvd.     88.1% 4/30/2023 NAP NAP NAP NAP NAP
3.37 Property   1 Prime Storage Green Island     81.3% 4/30/2023 NAP NAP NAP NAP NAP
3.38 Property   1 Prime Storage North Fort Myers     91.2% 4/30/2023 NAP NAP NAP NAP NAP
3.39 Property   1 Prime Storage Marietta     87.3% 4/30/2023 NAP NAP NAP NAP NAP
3.40 Property   1 Prime Storage Midland     84.1% 4/30/2023 NAP NAP NAP NAP NAP
3.41 Property   1 Prime Storage Lansing     81.6% 4/30/2023 NAP NAP NAP NAP NAP
3.42 Property   1 Prime Storage Acworth West     81.5% 4/30/2023 NAP NAP NAP NAP NAP
3.43 Property   1 Prime Storage Boardman     67.0% 4/30/2023 NAP NAP NAP NAP NAP
3.44 Property   1 Prime Storage North Miami     85.4% 4/30/2023 NAP NAP NAP NAP NAP
3.45 Property   1 Prime Storage Greenville Butler Rd.     80.1% 4/30/2023 NAP NAP NAP NAP NAP
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 56.5% 56.5% 97.3%            
4.01 Property   1 Gilbert Gateway Towne Center     96.0% 7/1/2023 No Ross Dress for Less, Inc. 29,788 11.3% 1/31/2026
4.02 Property   1 Scottsdale Towne Center     99.2% 7/1/2023 No Mountainside Fitness 50,320 29.9% 12/31/2038
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 54.9% 54.9% 57.1% 9/30/2023 NAP NAP NAP NAP NAP
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 59.9% 59.9% 92.6%            
6.01 Property   1 2615 East 12th Street     96.2% 7/31/2023 NAP NAP NAP NAP NAP
6.02 Property   1 Parkglenn Self-Storage     95.5% 7/31/2023 NAP NAP NAP NAP NAP
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive     86.9% 7/31/2023 NAP NAP NAP NAP NAP
6.04 Property   1 30690 Aldine Westfield Rd     89.5% 7/31/2023 NAP NAP NAP NAP NAP
6.05 Property   1 13404 E Broncos Pkwy     98.2% 7/31/2023 NAP NAP NAP NAP NAP
6.06 Property   1 3803 N Navarro St     85.8% 7/31/2023 NAP NAP NAP NAP NAP
6.07 Property   1 2102 NW Stallings Dr     97.0% 7/31/2023 NAP NAP NAP NAP NAP
6.08 Property   1 2005 W Wheeler Ave     95.3% 7/31/2023 NAP NAP NAP NAP NAP
6.09 Property   1 3817 Gulf Freeway     91.8% 7/31/2023 NAP NAP NAP NAP NAP
6.10 Property   1 1600 E General Cavazos Blvd     93.5% 7/31/2023 NAP NAP NAP NAP NAP
6.11 Property   1 11615 Rubina Pl     91.4% 7/31/2023 NAP NAP NAP NAP NAP
6.12 Property   1 4222 N Main St     94.0% 7/31/2023 NAP NAP NAP NAP NAP
6.13 Property   1 12 Irongate Drive     84.3% 7/31/2023 NAP NAP NAP NAP NAP
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 33.0% 33.0% 82.6% 9/25/2023 No LaunchDarkly 33,710 6.9% 3/31/2026
8 Loan 44 2 Chelsea Bronx Portfolio 58.2% 58.2% 100.0%            
8.01 Property   1 521 West 21st Street     100.0% 7/1/2023 No Only Be, Inc. 10,000 32.9% 10/31/2033
8.02 Property   1 656 East 133rd Street     100.0% 7/1/2023 No WDF, Inc. 60,000 66.7% 3/31/2032
9 Loan 45, 46 1 Arizona Republic Distribution Center 65.0% 65.0% 100.0% 11/6/2023 Yes Phoenix Newspapers, Inc. 273,235 100.0% 7/31/2033
10 Loan 47, 48, 49, 50 1 Related Home Depot 46.7% 46.7% 100.0% 11/6/2023 Yes Home Depot USA, INC 135,000 100.0% 12/30/2026
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 55.0% 55.0% 60.3% 5/31/2023 NAP NAP NAP NAP NAP
12 Loan 56, 57 1 Waterstone Center 65.5% 65.5% 100.0% 9/19/2023 No Best Buy 53,000 32.8% 7/31/2027
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 51.4% 51.4% 80.6% 5/17/2023 No Price Water House Coopers LLP 138,413 7.3% 4/30/2030
14 Loan 66, 67, 68 1 Spinner Place 63.8% 63.8% 98.1% 10/17/2023 NAP NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 56.8% 56.8% 75.1% 3/22/2023 No MUFG Bank Ltd. 137,076 8.6% 8/31/2029
16 Loan 78, 79 1 Doubletree Columbia 56.1% 53.9% 72.5% 5/31/2023 NAP NAP NAP NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 39.2% 39.2% 96.5%            
17.01 Property   1 2410-2418 Broadway     93.5% 3/31/2023 NAP NAP NAP NAP NAP
17.02 Property   1 245 West 51st Street     96.9% 3/31/2023 NAP NAP NAP NAP NAP
17.03 Property   1 324-326 West 84th Street     97.9% 3/31/2023 NAP NAP NAP NAP NAP
17.04 Property   1 107 West 68th Street     100.0% 3/31/2023 NAP NAP NAP NAP NAP
17.05 Property   1 1443-1447 York Avenue     91.7% 3/31/2023 NAP NAP NAP NAP NAP
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 61.3% 59.8% 71.2% 8/31/2023 NAP NAP NAP NAP NAP
19 Loan   1 College Center Abella 44.2% 44.2% 86.1% 8/22/2023 No San Pablo Supermarket 31,750 32.3% 11/30/2038
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 39.4% 39.4% 100.0% 11/6/2023 Yes DIRECTV, LLC 296,000 100.0% 3/31/2038
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 71.7% 71.7% 100.0% 8/23/2023 No N Consulting Engineers 31,409 62.8% 12/31/2037
22 Loan 96, 97 1 1124-1126 Third Avenue 52.3% 52.3% 100.0% 7/1/2023 No Calzedonia USA Inc 1,100 52.4% 1/18/2033
23 Loan 98, 99, 100 2 Stockton & Nostrand 65.0% 65.0% 100.0%            
23.01 Property   1 Stockton     100.0% 9/26/2023 NAP NAP NAP NAP NAP
23.02 Property   1 Nostrand     100.0% 9/26/2023 No CSC Holdings, LLC dba Optimum 2,000 64.5% 6/29/2026
24 Loan 101, 102, 103 1 688-690 9th Avenue 58.8% 58.8% 100.0% 8/1/2023 No DD Hibachi Inc., DBA DD Soup Dumpling / DD Hibachi 2,200 66.7% 9/30/2032
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 34.4% 34.4% 100.0% 11/6/2023 Yes Bob's Discount Furniture 260,567 100.0% 10/31/2032
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 50.2% 50.2% 80.6% 7/31/2023 NAP NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage 56.1% 56.1% 90.6% 6/30/2023 NAP NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman 46.7% 46.7% 85.2% 7/31/2023 NAP NAP NAP NAP NAP

 

 A-10 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date
                6       6
1 Loan 9, 10, 11 1 Warwick New York NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne Endurance Services Limited 43,123 13.4% 12/31/2032 Compass North 7,935 2.5% 6/30/2033
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3                
3.01 Property   1 Prime Storage Bridgehampton NAP NAP NAP NAP NAP NAP NAP NAP
3.02 Property   1 Prime Storage Bohemia NAP NAP NAP NAP NAP NAP NAP NAP
3.03 Property   1 Prime Storage Westhampton Beach NAP NAP NAP NAP NAP NAP NAP NAP
3.04 Property   1 Prime Storage Queens Jamaica NAP NAP NAP NAP NAP NAP NAP NAP
3.05 Property   1 Prime Storage West Palm Beach NAP NAP NAP NAP NAP NAP NAP NAP
3.06 Property   1 Prime Storage Snellville NAP NAP NAP NAP NAP NAP NAP NAP
3.07 Property   1 Prime Storage Shallotte NAP NAP NAP NAP NAP NAP NAP NAP
3.08 Property   1 Prime Storage Danbury East NAP NAP NAP NAP NAP NAP NAP NAP
3.09 Property   1 Prime Storage Dallas NAP NAP NAP NAP NAP NAP NAP NAP
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. NAP NAP NAP NAP NAP NAP NAP NAP
3.11 Property   1 Prime Storage Mesa NAP NAP NAP NAP NAP NAP NAP NAP
3.12 Property   1 Prime Storage Warren NAP NAP NAP NAP NAP NAP NAP NAP
3.13 Property   1 Prime Storage Portsmouth NAP NAP NAP NAP NAP NAP NAP NAP
3.14 Property   1 Prime Storage Bolivia NAP NAP NAP NAP NAP NAP NAP NAP
3.15 Property   1 Prime Storage Charlottesville NAP NAP NAP NAP NAP NAP NAP NAP
3.16 Property   1 Prime Storage Clifton NAP NAP NAP NAP NAP NAP NAP NAP
3.17 Property   1 Prime Storage Centereach NAP NAP NAP NAP NAP NAP NAP NAP
3.18 Property   1 Prime Storage Marietta North NAP NAP NAP NAP NAP NAP NAP NAP
3.19 Property   1 Prime Storage Hardeeville NAP NAP NAP NAP NAP NAP NAP NAP
3.20 Property   1 Prime Storage Summerville NAP NAP NAP NAP NAP NAP NAP NAP
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. NAP NAP NAP NAP NAP NAP NAP NAP
3.22 Property   1 Prime Storage Marietta South NAP NAP NAP NAP NAP NAP NAP NAP
3.23 Property   1 Prime Storage Cartersville NAP NAP NAP NAP NAP NAP NAP NAP
3.24 Property   1 Prime Storage Danbury West NAP NAP NAP NAP NAP NAP NAP NAP
3.25 Property   1 Prime Storage Scarborough NAP NAP NAP NAP NAP NAP NAP NAP
3.26 Property   1 Prime Storage Baltimore NAP NAP NAP NAP NAP NAP NAP NAP
3.27 Property   1 Prime Storage Farmingdale NAP NAP NAP NAP NAP NAP NAP NAP
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. NAP NAP NAP NAP NAP NAP NAP NAP
3.29 Property   1 Prime Storage Glenville NAP NAP NAP NAP NAP NAP NAP NAP
3.30 Property   1 Prime Storage Fishers Ford Dr. NAP NAP NAP NAP NAP NAP NAP NAP
3.31 Property   1 Prime Storage Acworth North NAP NAP NAP NAP NAP NAP NAP NAP
3.32 Property   1 Prime Storage Rock Hill NAP NAP NAP NAP NAP NAP NAP NAP
3.33 Property   1 Prime Storage Simpsonville NAP NAP NAP NAP NAP NAP NAP NAP
3.34 Property   1 Prime Storage Acworth East NAP NAP NAP NAP NAP NAP NAP NAP
3.35 Property   1 Prime Storage Saco NAP NAP NAP NAP NAP NAP NAP NAP
3.36 Property   1 Prime Storage Baltimore North Point Blvd. NAP NAP NAP NAP NAP NAP NAP NAP
3.37 Property   1 Prime Storage Green Island NAP NAP NAP NAP NAP NAP NAP NAP
3.38 Property   1 Prime Storage North Fort Myers NAP NAP NAP NAP NAP NAP NAP NAP
3.39 Property   1 Prime Storage Marietta NAP NAP NAP NAP NAP NAP NAP NAP
3.40 Property   1 Prime Storage Midland NAP NAP NAP NAP NAP NAP NAP NAP
3.41 Property   1 Prime Storage Lansing NAP NAP NAP NAP NAP NAP NAP NAP
3.42 Property   1 Prime Storage Acworth West NAP NAP NAP NAP NAP NAP NAP NAP
3.43 Property   1 Prime Storage Boardman NAP NAP NAP NAP NAP NAP NAP NAP
3.44 Property   1 Prime Storage North Miami NAP NAP NAP NAP NAP NAP NAP NAP
3.45 Property   1 Prime Storage Greenville Butler Rd. NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio                
4.01 Property   1 Gilbert Gateway Towne Center Mega Furniture  28,428 10.8% 5/31/2032 Michaels 23,690 9.0% 3/31/2025
4.02 Property   1 Scottsdale Towne Center TJ Maxx 31,000 18.4% 1/31/2026 Ross Dress for Less, Inc. 26,770 15.9% 1/31/2032
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage                
6.01 Property   1 2615 East 12th Street NAP NAP NAP NAP NAP NAP NAP NAP
6.02 Property   1 Parkglenn Self-Storage NAP NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive NAP NAP NAP NAP NAP NAP NAP NAP
6.04 Property   1 30690 Aldine Westfield Rd NAP NAP NAP NAP NAP NAP NAP NAP
6.05 Property   1 13404 E Broncos Pkwy NAP NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 3803 N Navarro St NAP NAP NAP NAP NAP NAP NAP NAP
6.07 Property   1 2102 NW Stallings Dr NAP NAP NAP NAP NAP NAP NAP NAP
6.08 Property   1 2005 W Wheeler Ave NAP NAP NAP NAP NAP NAP NAP NAP
6.09 Property   1 3817 Gulf Freeway NAP NAP NAP NAP NAP NAP NAP NAP
6.10 Property   1 1600 E General Cavazos Blvd NAP NAP NAP NAP NAP NAP NAP NAP
6.11 Property   1 11615 Rubina Pl NAP NAP NAP NAP NAP NAP NAP NAP
6.12 Property   1 4222 N Main St NAP NAP NAP NAP NAP NAP NAP NAP
6.13 Property   1 12 Irongate Drive NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza Dentons US LLP 28,396 5.8% 10/31/2024 Premier Workspaces 20,977 4.3% 11/30/2024
8 Loan 44 2 Chelsea Bronx Portfolio                
8.01 Property   1 521 West 21st Street Tanya Bonakdar Gallery, Inc 10,000 32.9% 10/31/2033 Tina Kim Fine Art, LLC 5,000 16.5% 1/31/2025
8.02 Property   1 656 East 133rd Street Stage Storage and Leasing, Inc. 30,000 33.3% 4/30/2024 NAP NAP NAP NAP
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 56, 57 1 Waterstone Center Ross Dress for Less 25,302 15.6% 1/31/2033 Michaels 23,696 14.6% 2/28/2026
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce Fox Rothschild 79,337 4.2% 11/30/2040 Stradley, Ronon, Stevens & Young, LLP 69,111 3.6% 12/31/2033
14 Loan 66, 67, 68 1 Spinner Place NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 E-Trade Financial Corporation 132,265 8.3% 1/31/2031 Collectors Universe 130,419 8.2% 11/30/2038
16 Loan 78, 79 1 Doubletree Columbia NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II                
17.01 Property   1 2410-2418 Broadway NAP NAP NAP NAP NAP NAP NAP NAP
17.02 Property   1 245 West 51st Street NAP NAP NAP NAP NAP NAP NAP NAP
17.03 Property   1 324-326 West 84th Street NAP NAP NAP NAP NAP NAP NAP NAP
17.04 Property   1 107 West 68th Street NAP NAP NAP NAP NAP NAP NAP NAP
17.05 Property   1 1443-1447 York Avenue NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 College Center Abella City of San Pablo 8,909 9.1% 12/31/2030 Sonjas Preschool 4,709 4.8% 6/30/2025
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center Online Trading Academy 12,500 25.0% 7/21/2025 Applied Biology/DA Labs 2,565 5.1% 2/28/2027
22 Loan 96, 97 1 1124-1126 Third Avenue 1126 Convenience Store Inc  1,000 47.6% 5/1/2028 NAP NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand                
23.01 Property   1 Stockton NAP NAP NAP NAP NAP NAP NAP NAP
23.02 Property   1 Nostrand Minks & Mattes LLC (Salon) 1,100 35.5% 9/20/2032 NAP NAP NAP NAP
24 Loan 101, 102, 103 1 688-690 9th Avenue Manhattan Hardware & Houseware, Inc. 1,100 33.3% 6/30/2034 NAP NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-11 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date
                6       6
1 Loan 9, 10, 11 1 Warwick New York NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne Strategic Wealth 3,540 1.1% 5/31/2033 NAP NAP NAP NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3                
3.01 Property   1 Prime Storage Bridgehampton NAP NAP NAP NAP NAP NAP NAP NAP
3.02 Property   1 Prime Storage Bohemia NAP NAP NAP NAP NAP NAP NAP NAP
3.03 Property   1 Prime Storage Westhampton Beach NAP NAP NAP NAP NAP NAP NAP NAP
3.04 Property   1 Prime Storage Queens Jamaica NAP NAP NAP NAP NAP NAP NAP NAP
3.05 Property   1 Prime Storage West Palm Beach NAP NAP NAP NAP NAP NAP NAP NAP
3.06 Property   1 Prime Storage Snellville NAP NAP NAP NAP NAP NAP NAP NAP
3.07 Property   1 Prime Storage Shallotte NAP NAP NAP NAP NAP NAP NAP NAP
3.08 Property   1 Prime Storage Danbury East NAP NAP NAP NAP NAP NAP NAP NAP
3.09 Property   1 Prime Storage Dallas NAP NAP NAP NAP NAP NAP NAP NAP
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. NAP NAP NAP NAP NAP NAP NAP NAP
3.11 Property   1 Prime Storage Mesa NAP NAP NAP NAP NAP NAP NAP NAP
3.12 Property   1 Prime Storage Warren NAP NAP NAP NAP NAP NAP NAP NAP
3.13 Property   1 Prime Storage Portsmouth NAP NAP NAP NAP NAP NAP NAP NAP
3.14 Property   1 Prime Storage Bolivia NAP NAP NAP NAP NAP NAP NAP NAP
3.15 Property   1 Prime Storage Charlottesville NAP NAP NAP NAP NAP NAP NAP NAP
3.16 Property   1 Prime Storage Clifton NAP NAP NAP NAP NAP NAP NAP NAP
3.17 Property   1 Prime Storage Centereach NAP NAP NAP NAP NAP NAP NAP NAP
3.18 Property   1 Prime Storage Marietta North NAP NAP NAP NAP NAP NAP NAP NAP
3.19 Property   1 Prime Storage Hardeeville NAP NAP NAP NAP NAP NAP NAP NAP
3.20 Property   1 Prime Storage Summerville NAP NAP NAP NAP NAP NAP NAP NAP
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. NAP NAP NAP NAP NAP NAP NAP NAP
3.22 Property   1 Prime Storage Marietta South NAP NAP NAP NAP NAP NAP NAP NAP
3.23 Property   1 Prime Storage Cartersville NAP NAP NAP NAP NAP NAP NAP NAP
3.24 Property   1 Prime Storage Danbury West NAP NAP NAP NAP NAP NAP NAP NAP
3.25 Property   1 Prime Storage Scarborough NAP NAP NAP NAP NAP NAP NAP NAP
3.26 Property   1 Prime Storage Baltimore NAP NAP NAP NAP NAP NAP NAP NAP
3.27 Property   1 Prime Storage Farmingdale NAP NAP NAP NAP NAP NAP NAP NAP
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. NAP NAP NAP NAP NAP NAP NAP NAP
3.29 Property   1 Prime Storage Glenville NAP NAP NAP NAP NAP NAP NAP NAP
3.30 Property   1 Prime Storage Fishers Ford Dr. NAP NAP NAP NAP NAP NAP NAP NAP
3.31 Property   1 Prime Storage Acworth North NAP NAP NAP NAP NAP NAP NAP NAP
3.32 Property   1 Prime Storage Rock Hill NAP NAP NAP NAP NAP NAP NAP NAP
3.33 Property   1 Prime Storage Simpsonville NAP NAP NAP NAP NAP NAP NAP NAP
3.34 Property   1 Prime Storage Acworth East NAP NAP NAP NAP NAP NAP NAP NAP
3.35 Property   1 Prime Storage Saco NAP NAP NAP NAP NAP NAP NAP NAP
3.36 Property   1 Prime Storage Baltimore North Point Blvd. NAP NAP NAP NAP NAP NAP NAP NAP
3.37 Property   1 Prime Storage Green Island NAP NAP NAP NAP NAP NAP NAP NAP
3.38 Property   1 Prime Storage North Fort Myers NAP NAP NAP NAP NAP NAP NAP NAP
3.39 Property   1 Prime Storage Marietta NAP NAP NAP NAP NAP NAP NAP NAP
3.40 Property   1 Prime Storage Midland NAP NAP NAP NAP NAP NAP NAP NAP
3.41 Property   1 Prime Storage Lansing NAP NAP NAP NAP NAP NAP NAP NAP
3.42 Property   1 Prime Storage Acworth West NAP NAP NAP NAP NAP NAP NAP NAP
3.43 Property   1 Prime Storage Boardman NAP NAP NAP NAP NAP NAP NAP NAP
3.44 Property   1 Prime Storage North Miami NAP NAP NAP NAP NAP NAP NAP NAP
3.45 Property   1 Prime Storage Greenville Butler Rd. NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio                
4.01 Property   1 Gilbert Gateway Towne Center Petsmart  19,107 7.2% 1/31/2026 Cost Plus 18,300 6.9% 1/31/2026
4.02 Property   1 Scottsdale Towne Center Sola Salon Studios  5,000 3.0% 3/31/2028 Wells Fargo Bank, N.A. 4,000 2.4% 8/31/2026
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage                
6.01 Property   1 2615 East 12th Street NAP NAP NAP NAP NAP NAP NAP NAP
6.02 Property   1 Parkglenn Self-Storage NAP NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive NAP NAP NAP NAP NAP NAP NAP NAP
6.04 Property   1 30690 Aldine Westfield Rd NAP NAP NAP NAP NAP NAP NAP NAP
6.05 Property   1 13404 E Broncos Pkwy NAP NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 3803 N Navarro St NAP NAP NAP NAP NAP NAP NAP NAP
6.07 Property   1 2102 NW Stallings Dr NAP NAP NAP NAP NAP NAP NAP NAP
6.08 Property   1 2005 W Wheeler Ave NAP NAP NAP NAP NAP NAP NAP NAP
6.09 Property   1 3817 Gulf Freeway NAP NAP NAP NAP NAP NAP NAP NAP
6.10 Property   1 1600 E General Cavazos Blvd NAP NAP NAP NAP NAP NAP NAP NAP
6.11 Property   1 11615 Rubina Pl NAP NAP NAP NAP NAP NAP NAP NAP
6.12 Property   1 4222 N Main St NAP NAP NAP NAP NAP NAP NAP NAP
6.13 Property   1 12 Irongate Drive NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza Big Fish Games, Inc 20,977 4.3% 3/31/2025 Simpson Gumpertz 20,775 4.2% 11/30/2028
8 Loan 44 2 Chelsea Bronx Portfolio                
8.01 Property   1 521 West 21st Street Paula Cooper, Inc. 4,500 14.8% 9/30/2028 Kravets Wehby Gallery 850 2.8% 10/31/2032
8.02 Property   1 656 East 133rd Street NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 56, 57 1 Waterstone Center Old Navy 14,660 9.1% 1/31/2029 Petco 12,620 7.8% 1/31/2030
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce Pond Lehocky Giordano Disability 66,315 3.5% 6/30/2028 Wolters Kluwer Health, Inc. 65,389 3.4% 3/31/2029
14 Loan 66, 67, 68 1 Spinner Place NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 Sumitomo Mitsui Banking 111,605 7.0% 12/31/2036 Arch Insurance Company 106,815 6.7% 5/31/2024
16 Loan 78, 79 1 Doubletree Columbia NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II                
17.01 Property   1 2410-2418 Broadway NAP NAP NAP NAP NAP NAP NAP NAP
17.02 Property   1 245 West 51st Street NAP NAP NAP NAP NAP NAP NAP NAP
17.03 Property   1 324-326 West 84th Street NAP NAP NAP NAP NAP NAP NAP NAP
17.04 Property   1 107 West 68th Street NAP NAP NAP NAP NAP NAP NAP NAP
17.05 Property   1 1443-1447 York Avenue NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 College Center Abella Sukie Country Kitchen 4,134 4.2% 10/31/2028 El Tazumal 4,077 4.1% 12/31/2027
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center EKN Development Group 2,132 4.3% 12/31/2037 Clarke Financial Group 1,417 2.8% 2/29/2024
22 Loan 96, 97 1 1124-1126 Third Avenue NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand                
23.01 Property   1 Stockton NAP NAP NAP NAP NAP NAP NAP NAP
23.02 Property   1 Nostrand NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 101, 102, 103 1 688-690 9th Avenue NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-12 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($)
                             
1 Loan 9, 10, 11 1 Warwick New York 9/28/2023 NAP 9/28/2023 NAP NAP No Fee NAP NAP NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 6/8/2023 NAP 6/8/2023 NAP NAP No Fee NAP NAP NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3                    
3.01 Property   1 Prime Storage Bridgehampton 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.02 Property   1 Prime Storage Bohemia 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.03 Property   1 Prime Storage Westhampton Beach 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.04 Property   1 Prime Storage Queens Jamaica 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.05 Property   1 Prime Storage West Palm Beach 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.06 Property   1 Prime Storage Snellville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.07 Property   1 Prime Storage Shallotte 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.08 Property   1 Prime Storage Danbury East 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.09 Property   1 Prime Storage Dallas 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.11 Property   1 Prime Storage Mesa 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.12 Property   1 Prime Storage Warren 3/20/2023 NAP 3/20/2023 NAP NAP Yes - AE Fee NAP NAP NAP
3.13 Property   1 Prime Storage Portsmouth 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.14 Property   1 Prime Storage Bolivia 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.15 Property   1 Prime Storage Charlottesville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.16 Property   1 Prime Storage Clifton 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.17 Property   1 Prime Storage Centereach 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.18 Property   1 Prime Storage Marietta North 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.19 Property   1 Prime Storage Hardeeville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.20 Property   1 Prime Storage Summerville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.22 Property   1 Prime Storage Marietta South 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.23 Property   1 Prime Storage Cartersville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.24 Property   1 Prime Storage Danbury West 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.25 Property   1 Prime Storage Scarborough 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.26 Property   1 Prime Storage Baltimore 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.27 Property   1 Prime Storage Farmingdale 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. 3/20/2023 NAP 3/20/2023 NAP NAP Yes - AE Fee NAP NAP NAP
3.29 Property   1 Prime Storage Glenville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.30 Property   1 Prime Storage Fishers Ford Dr. 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.31 Property   1 Prime Storage Acworth North 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.32 Property   1 Prime Storage Rock Hill 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.33 Property   1 Prime Storage Simpsonville 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.34 Property   1 Prime Storage Acworth East 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.35 Property   1 Prime Storage Saco 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.36 Property   1 Prime Storage Baltimore North Point Blvd. 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.37 Property   1 Prime Storage Green Island 3/20/2023 NAP 3/20/2023 NAP NAP Yes - AE Fee NAP NAP NAP
3.38 Property   1 Prime Storage North Fort Myers 3/20/2023 NAP 3/20/2023 NAP NAP Yes - AE Fee NAP NAP NAP
3.39 Property   1 Prime Storage Marietta 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.40 Property   1 Prime Storage Midland 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.41 Property   1 Prime Storage Lansing 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.42 Property   1 Prime Storage Acworth West 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.43 Property   1 Prime Storage Boardman 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
3.44 Property   1 Prime Storage North Miami 3/20/2023 NAP 3/20/2023 NAP NAP Yes - AE Fee NAP NAP NAP
3.45 Property   1 Prime Storage Greenville Butler Rd. 3/20/2023 NAP 3/20/2023 NAP NAP No Fee NAP NAP NAP
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio                    
4.01 Property   1 Gilbert Gateway Towne Center 7/25/2023 NAP 7/25/2023 NAP NAP No Fee NAP NAP NAP
4.02 Property   1 Scottsdale Towne Center 7/25/2023 NAP 7/25/2023 NAP NAP No Fee NAP NAP NAP
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 9/20/2023 NAP 9/15/2023 NAP NAP No Fee NAP NAP NAP
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage                    
6.01 Property   1 2615 East 12th Street 8/25/2023 NAP 8/25/2023 8/25/2023 13% No Fee NAP NAP NAP
6.02 Property   1 Parkglenn Self-Storage 8/25/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive 8/20/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.04 Property   1 30690 Aldine Westfield Rd 8/22/2023 NAP 8/27/2023 NAP NAP No Fee NAP NAP NAP
6.05 Property   1 13404 E Broncos Pkwy 8/25/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.06 Property   1 3803 N Navarro St 8/25/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.07 Property   1 2102 NW Stallings Dr 8/25/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.08 Property   1 2005 W Wheeler Ave 8/25/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.09 Property   1 3817 Gulf Freeway 8/25/2023 NAP 8/25/2023 NAP NAP Yes - AE Fee NAP NAP NAP
6.10 Property   1 1600 E General Cavazos Blvd 8/25/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.11 Property   1 11615 Rubina Pl 8/28/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
6.12 Property   1 4222 N Main St 8/25/2023 NAP 8/27/2023 NAP NAP No Fee NAP NAP NAP
6.13 Property   1 12 Irongate Drive 8/28/2023 NAP 8/25/2023 NAP NAP No Fee NAP NAP NAP
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 8/22/2023 NAP 7/20/2023 8/1/2023 10% No Fee NAP NAP NAP
8 Loan 44 2 Chelsea Bronx Portfolio                    
8.01 Property   1 521 West 21st Street 8/24/2023 NAP 8/28/2023 NAP NAP Yes - AE Fee NAP NAP NAP
8.02 Property   1 656 East 133rd Street 8/24/2023 NAP 8/28/2023 NAP NAP No Fee NAP NAP NAP
9 Loan 45, 46 1 Arizona Republic Distribution Center 6/28/2023 NAP 3/8/2023 NAP NAP No Fee NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot 8/15/2023 NAP 8/21/2023 NAP NAP No Leasehold 10/31/2027 5, 10-year extension options 1,955,559
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 6/15/2023 NAP 6/16/2023 NAP NAP No Fee NAP NAP NAP
12 Loan 56, 57 1 Waterstone Center 8/3/2023 NAP 8/22/2023 NAP NAP No Fee NAP NAP NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 4/6/2023 NAP 4/6/2023 NAP NAP No Fee NAP NAP NAP
14 Loan 66, 67, 68 1 Spinner Place 7/10/2023 NAP 7/10/2023 NAP NAP No Fee NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 3/24/2023 NAP 3/3/2023 NAP NAP Yes - AE Fee NAP NAP NAP
16 Loan 78, 79 1 Doubletree Columbia 5/18/2023 NAP 5/18/2023 NAP NAP No Fee NAP NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II                    
17.01 Property   1 2410-2418 Broadway 4/14/2023 NAP 4/14/2023 NAP NAP No Fee NAP NAP NAP
17.02 Property   1 245 West 51st Street 4/14/2023 NAP 4/14/2023 NAP NAP No Fee NAP NAP NAP
17.03 Property   1 324-326 West 84th Street 4/14/2023 NAP 4/14/2023 NAP NAP No Fee NAP NAP NAP
17.04 Property   1 107 West 68th Street 4/14/2023 NAP 4/14/2023 NAP NAP No Fee NAP NAP NAP
17.05 Property   1 1443-1447 York Avenue 4/14/2023 NAP 4/14/2023 NAP NAP No Fee NAP NAP NAP
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 7/6/2023 NAP 7/6/2023 NAP NAP Yes - AE Fee NAP NAP NAP
19 Loan   1 College Center Abella 8/28/2023 NAP 7/10/2023 7/10/2023 18% No Fee NAP NAP NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 5/24/2023 NAP 5/22/2023 10/5/2022 16% No Fee NAP NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 8/25/2023 NAP 8/25/2023 12/19/2022 12% No Fee NAP NAP NAP
22 Loan 96, 97 1 1124-1126 Third Avenue 6/29/2023 NAP 6/29/2023 NAP NAP No Fee NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand                    
23.01 Property   1 Stockton 9/27/2023 NAP 9/27/2023 NAP NAP No Fee NAP NAP NAP
23.02 Property   1 Nostrand 9/27/2023 NAP 9/27/2023 NAP NAP No Fee NAP NAP NAP
24 Loan 101, 102, 103 1 688-690 9th Avenue 5/31/2023 NAP 5/30/2023 NAP NAP No Fee NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 2/10/2023 NAP 2/27/2023 NAP NAP No Fee NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 7/20/2023 NAP 7/20/2023 NAP NAP No Fee NAP NAP NAP
27 Loan   1 Cityline Safe Storage 6/23/2023 NAP 6/23/2023 NAP NAP No Fee NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman 7/20/2023 NAP 7/20/2023 NAP NAP Yes - AE Fee NAP NAP NAP

 

 A-13 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($)
                           
1 Loan 9, 10, 11 1 Warwick New York NAP 1,692,065 338,413 180,799 36,160 0 152,424 0 0
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne NAP 0 Springing 0 Springing 0 Springing 0 0
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3   1,212,979 404,326 0 0 0 48,584 0 0
3.01 Property   1 Prime Storage Bridgehampton NAP                
3.02 Property   1 Prime Storage Bohemia NAP                
3.03 Property   1 Prime Storage Westhampton Beach NAP                
3.04 Property   1 Prime Storage Queens Jamaica NAP                
3.05 Property   1 Prime Storage West Palm Beach NAP                
3.06 Property   1 Prime Storage Snellville NAP                
3.07 Property   1 Prime Storage Shallotte NAP                
3.08 Property   1 Prime Storage Danbury East NAP                
3.09 Property   1 Prime Storage Dallas NAP                
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. NAP                
3.11 Property   1 Prime Storage Mesa NAP                
3.12 Property   1 Prime Storage Warren NAP                
3.13 Property   1 Prime Storage Portsmouth NAP                
3.14 Property   1 Prime Storage Bolivia NAP                
3.15 Property   1 Prime Storage Charlottesville NAP                
3.16 Property   1 Prime Storage Clifton NAP                
3.17 Property   1 Prime Storage Centereach NAP                
3.18 Property   1 Prime Storage Marietta North NAP                
3.19 Property   1 Prime Storage Hardeeville NAP                
3.20 Property   1 Prime Storage Summerville NAP                
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. NAP                
3.22 Property   1 Prime Storage Marietta South NAP                
3.23 Property   1 Prime Storage Cartersville NAP                
3.24 Property   1 Prime Storage Danbury West NAP                
3.25 Property   1 Prime Storage Scarborough NAP                
3.26 Property   1 Prime Storage Baltimore NAP                
3.27 Property   1 Prime Storage Farmingdale NAP                
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. NAP                
3.29 Property   1 Prime Storage Glenville NAP                
3.30 Property   1 Prime Storage Fishers Ford Dr. NAP                
3.31 Property   1 Prime Storage Acworth North NAP                
3.32 Property   1 Prime Storage Rock Hill NAP                
3.33 Property   1 Prime Storage Simpsonville NAP                
3.34 Property   1 Prime Storage Acworth East NAP                
3.35 Property   1 Prime Storage Saco NAP                
3.36 Property   1 Prime Storage Baltimore North Point Blvd. NAP                
3.37 Property   1 Prime Storage Green Island NAP                
3.38 Property   1 Prime Storage North Fort Myers NAP                
3.39 Property   1 Prime Storage Marietta NAP                
3.40 Property   1 Prime Storage Midland NAP                
3.41 Property   1 Prime Storage Lansing NAP                
3.42 Property   1 Prime Storage Acworth West NAP                
3.43 Property   1 Prime Storage Boardman NAP                
3.44 Property   1 Prime Storage North Miami NAP                
3.45 Property   1 Prime Storage Greenville Butler Rd. NAP                
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio   222,032 74,011 92,009 11,501 0 5,401 64,810 1,250,000
4.01 Property   1 Gilbert Gateway Towne Center NAP                
4.02 Property   1 Scottsdale Towne Center NAP                
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown NAP 0 Springing 0 Springing 0 Springing 0 0
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage   0 Springing 0 Springing 0 6,941 249,893 0
6.01 Property   1 2615 East 12th Street NAP                
6.02 Property   1 Parkglenn Self-Storage NAP                
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive NAP                
6.04 Property   1 30690 Aldine Westfield Rd NAP                
6.05 Property   1 13404 E Broncos Pkwy NAP                
6.06 Property   1 3803 N Navarro St NAP                
6.07 Property   1 2102 NW Stallings Dr NAP                
6.08 Property   1 2005 W Wheeler Ave NAP                
6.09 Property   1 3817 Gulf Freeway NAP                
6.10 Property   1 1600 E General Cavazos Blvd NAP                
6.11 Property   1 11615 Rubina Pl NAP                
6.12 Property   1 4222 N Main St NAP                
6.13 Property   1 12 Irongate Drive NAP                
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza NAP 2,088,863 298,409 0 Springing 0 10,230 368,250 5,000,000
8 Loan 44 2 Chelsea Bronx Portfolio   375,922 75,184 45,366 15,122 0 1,020 0 550,000
8.01 Property   1 521 West 21st Street NAP                
8.02 Property   1 656 East 133rd Street NAP                
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP 107,201 26,800 0 Springing 0 2,277 120,000 500,000
10 Loan 47, 48, 49, 50 1 Related Home Depot Yes 0 Springing 0 Springing 0 Springing 0 0
11 Loan 51, 52, 53, 54, 55 1 Cotton Court NAP 210,371 26,296 0 Springing 0 30,904 0 0
12 Loan 56, 57 1 Waterstone Center NAP 0 Springing 0 Springing 0 2,821 125,000 500,000
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce NAP 0 Springing 0 Springing 0 Springing 0 25,000,000
14 Loan 66, 67, 68 1 Spinner Place NAP 29,271 29,271 26,071 13,035 2,567 2,567 0 0
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 NAP 696,822 696,822 272,774 136,387 8,000,000 26,650 0 15,000,000
16 Loan 78, 79 1 Doubletree Columbia NAP 146,402 13,309 111,512 9,293 0 28,257 0 0
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II   0 216,566 126,563 Springing 0 $3,350 (Residential); $155 (Commercial) 0 0
17.01 Property   1 2410-2418 Broadway NAP                
17.02 Property   1 245 West 51st Street NAP                
17.03 Property   1 324-326 West 84th Street NAP                
17.04 Property   1 107 West 68th Street NAP                
17.05 Property   1 1443-1447 York Avenue NAP                
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta NAP 209,862 19,078 5,432 5,432 0 6,493 0 0
19 Loan   1 College Center Abella NAP 156,608 156,608 0 Springing 0 2,867 0 0
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAP 0 Springing 0 Springing 0 Springing 0 0
21 Loan 92, 93, 94, 95 1 Irvine Executive Center NAP 79,203 12,227 6,164 1,541 0 0 0 0
22 Loan 96, 97 1 1124-1126 Third Avenue NAP 86,396 21,599 2,206 552 0 203 0 0
23 Loan 98, 99, 100 2 Stockton & Nostrand   62,144 10,357 13,608 1,701 0 572 0 0
23.01 Property   1 Stockton NAP                
23.02 Property   1 Nostrand NAP                
24 Loan 101, 102, 103 1 688-690 9th Avenue NAP 93,159 23,290 30,584 3,398 0 694 0 0
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP 42,629 7,105 4,718 Springing 0 450 10,800 0
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP 9,280 4,640 0 Springing 42,306 629 0 0
27 Loan   1 Cityline Safe Storage NAP 10,488 1,498 0 Springing 0 394 0 0
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP 8,503 4,252 1,187 594 17,545 507 0 0

 

 A-14 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($)
                         
1 Loan 9, 10, 11 1 Warwick New York 0 0 0 0 0 585,710 0 Springing
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne Springing 0 0 0 0 0 0 0
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 0 0 0 0 0 703,313 0 0
3.01 Property   1 Prime Storage Bridgehampton                
3.02 Property   1 Prime Storage Bohemia                
3.03 Property   1 Prime Storage Westhampton Beach                
3.04 Property   1 Prime Storage Queens Jamaica                
3.05 Property   1 Prime Storage West Palm Beach                
3.06 Property   1 Prime Storage Snellville                
3.07 Property   1 Prime Storage Shallotte                
3.08 Property   1 Prime Storage Danbury East                
3.09 Property   1 Prime Storage Dallas                
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.                
3.11 Property   1 Prime Storage Mesa                
3.12 Property   1 Prime Storage Warren                
3.13 Property   1 Prime Storage Portsmouth                
3.14 Property   1 Prime Storage Bolivia                
3.15 Property   1 Prime Storage Charlottesville                
3.16 Property   1 Prime Storage Clifton                
3.17 Property   1 Prime Storage Centereach                
3.18 Property   1 Prime Storage Marietta North                
3.19 Property   1 Prime Storage Hardeeville                
3.20 Property   1 Prime Storage Summerville                
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.                
3.22 Property   1 Prime Storage Marietta South                
3.23 Property   1 Prime Storage Cartersville                
3.24 Property   1 Prime Storage Danbury West                
3.25 Property   1 Prime Storage Scarborough                
3.26 Property   1 Prime Storage Baltimore                
3.27 Property   1 Prime Storage Farmingdale                
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.                
3.29 Property   1 Prime Storage Glenville                
3.30 Property   1 Prime Storage Fishers Ford Dr.                
3.31 Property   1 Prime Storage Acworth North                
3.32 Property   1 Prime Storage Rock Hill                
3.33 Property   1 Prime Storage Simpsonville                
3.34 Property   1 Prime Storage Acworth East                
3.35 Property   1 Prime Storage Saco                
3.36 Property   1 Prime Storage Baltimore North Point Blvd.                
3.37 Property   1 Prime Storage Green Island                
3.38 Property   1 Prime Storage North Fort Myers                
3.39 Property   1 Prime Storage Marietta                
3.40 Property   1 Prime Storage Midland                
3.41 Property   1 Prime Storage Lansing                
3.42 Property   1 Prime Storage Acworth West                
3.43 Property   1 Prime Storage Boardman                
3.44 Property   1 Prime Storage North Miami                
3.45 Property   1 Prime Storage Greenville Butler Rd.                
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio Springing 648,102 0 0 0 5,688 3,326,843 0
4.01 Property   1 Gilbert Gateway Towne Center                
4.02 Property   1 Scottsdale Towne Center                
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 0 0 0 0 0 0 0 Springing
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 0 0 0 0 0 61,270 0 0
6.01 Property   1 2615 East 12th Street                
6.02 Property   1 Parkglenn Self-Storage                
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive                
6.04 Property   1 30690 Aldine Westfield Rd                
6.05 Property   1 13404 E Broncos Pkwy                
6.06 Property   1 3803 N Navarro St                
6.07 Property   1 2102 NW Stallings Dr                
6.08 Property   1 2005 W Wheeler Ave                
6.09 Property   1 3817 Gulf Freeway                
6.10 Property   1 1600 E General Cavazos Blvd                
6.11 Property   1 11615 Rubina Pl                
6.12 Property   1 4222 N Main St                
6.13 Property   1 12 Irongate Drive                
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza Springing 5,000,000 0 0 0 0 2,620,671 0
8 Loan 44 2 Chelsea Bronx Portfolio Springing 550,000 0 0 0 0 0 0
8.01 Property   1 521 West 21st Street                
8.02 Property   1 656 East 133rd Street                
9 Loan 45, 46 1 Arizona Republic Distribution Center Springing 0 0 0 0 60,000 0 0
10 Loan 47, 48, 49, 50 1 Related Home Depot Springing 0 0 0 0 0 0 Springing
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 0 0 0 Springing 0 32,500 76,500 Springing
12 Loan 56, 57 1 Waterstone Center Springing 500,000 0 0 0 0 0 0
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce Springing 25,000,000 0 0 0 0 11,112,904 0
14 Loan 66, 67, 68 1 Spinner Place 0 0 0 0 0 0 73,823 0
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 Springing 15,000,000 0 0 0 0 40,614,319 0
16 Loan 78, 79 1 Doubletree Columbia 0 0 0 0 0 0 56,776 14,194
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 1,034 0 500,000 0 0 112,649 0 0
17.01 Property   1 2410-2418 Broadway                
17.02 Property   1 245 West 51st Street                
17.03 Property   1 324-326 West 84th Street                
17.04 Property   1 107 West 68th Street                
17.05 Property   1 1443-1447 York Avenue                
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 0 0 0 0 0 6,250 2,505,000 0
19 Loan   1 College Center Abella 8,191 294,876 0 0 0 0 0 0
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 0 0 0 0 0 0 0 0
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 5,211 250,000 0 0 0 0 0 0
22 Loan 96, 97 1 1124-1126 Third Avenue 6,250 200,000 0 0 0 5,625 310,000 0
23 Loan 98, 99, 100 2 Stockton & Nostrand 517 0 0 0 0 36,600 59,167 Springing
23.01 Property   1 Stockton                
23.02 Property   1 Nostrand                
24 Loan 101, 102, 103 1 688-690 9th Avenue 0 0 0 0 0 19,813 0 0
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard Springing 0 0 0 0 0 0 0
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 0 0 0 0 0 23,438 0 0
27 Loan   1 Cityline Safe Storage 0 0 0 0 0 0 0 0
28 Loan   1 CityLine Added Space Self Storage Sparkman 0 0 0 0 0 66,500 0 0

 

 A-15 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Other Reserve Description
           
1 Loan 9, 10, 11 1 Warwick New York PIP Reserve (Monthly: Springing), Seasonal Reserve (Monthly: Springing, Cap: $1,100,000)
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 NAP
3.01 Property   1 Prime Storage Bridgehampton  
3.02 Property   1 Prime Storage Bohemia  
3.03 Property   1 Prime Storage Westhampton Beach  
3.04 Property   1 Prime Storage Queens Jamaica  
3.05 Property   1 Prime Storage West Palm Beach  
3.06 Property   1 Prime Storage Snellville  
3.07 Property   1 Prime Storage Shallotte  
3.08 Property   1 Prime Storage Danbury East  
3.09 Property   1 Prime Storage Dallas  
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.  
3.11 Property   1 Prime Storage Mesa  
3.12 Property   1 Prime Storage Warren  
3.13 Property   1 Prime Storage Portsmouth  
3.14 Property   1 Prime Storage Bolivia  
3.15 Property   1 Prime Storage Charlottesville  
3.16 Property   1 Prime Storage Clifton  
3.17 Property   1 Prime Storage Centereach  
3.18 Property   1 Prime Storage Marietta North  
3.19 Property   1 Prime Storage Hardeeville  
3.20 Property   1 Prime Storage Summerville  
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.  
3.22 Property   1 Prime Storage Marietta South  
3.23 Property   1 Prime Storage Cartersville  
3.24 Property   1 Prime Storage Danbury West  
3.25 Property   1 Prime Storage Scarborough  
3.26 Property   1 Prime Storage Baltimore  
3.27 Property   1 Prime Storage Farmingdale  
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.  
3.29 Property   1 Prime Storage Glenville  
3.30 Property   1 Prime Storage Fishers Ford Dr.  
3.31 Property   1 Prime Storage Acworth North  
3.32 Property   1 Prime Storage Rock Hill  
3.33 Property   1 Prime Storage Simpsonville  
3.34 Property   1 Prime Storage Acworth East  
3.35 Property   1 Prime Storage Saco  
3.36 Property   1 Prime Storage Baltimore North Point Blvd.  
3.37 Property   1 Prime Storage Green Island  
3.38 Property   1 Prime Storage North Fort Myers  
3.39 Property   1 Prime Storage Marietta  
3.40 Property   1 Prime Storage Midland  
3.41 Property   1 Prime Storage Lansing  
3.42 Property   1 Prime Storage Acworth West  
3.43 Property   1 Prime Storage Boardman  
3.44 Property   1 Prime Storage North Miami  
3.45 Property   1 Prime Storage Greenville Butler Rd.  
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio Unfunded Obligations Reserve ($2,767,600), Free and Gap Rent Reserve ($466,613), Tenant Improvement Work Reserve ($92,629.92)
4.01 Property   1 Gilbert Gateway Towne Center  
4.02 Property   1 Scottsdale Towne Center  
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown Condominium Funds
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage NAP
6.01 Property   1 2615 East 12th Street  
6.02 Property   1 Parkglenn Self-Storage  
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive  
6.04 Property   1 30690 Aldine Westfield Rd  
6.05 Property   1 13404 E Broncos Pkwy  
6.06 Property   1 3803 N Navarro St  
6.07 Property   1 2102 NW Stallings Dr  
6.08 Property   1 2005 W Wheeler Ave  
6.09 Property   1 3817 Gulf Freeway  
6.10 Property   1 1600 E General Cavazos Blvd  
6.11 Property   1 11615 Rubina Pl  
6.12 Property   1 4222 N Main St  
6.13 Property   1 12 Irongate Drive  
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza Unfunded TI Obligation Reserve ($1,492,127.74); Free Rent Reserve ($783,141.31); Unfunded Leasing Commission Reserve ($332,910.13); Unfunded Landlord Work Reserve ($12,492)
8 Loan 44 2 Chelsea Bronx Portfolio NAP
8.01 Property   1 521 West 21st Street  
8.02 Property   1 656 East 133rd Street  
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot Ground Rent Reserve
11 Loan 51, 52, 53, 54, 55 1 Cotton Court Seasonality Reserve (Upfront: $76,500, Monthly: Springing), PIP Reserve (Monthly: Springing)
12 Loan 56, 57 1 Waterstone Center NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce Upfront Leasing Reserve
14 Loan 66, 67, 68 1 Spinner Place Free Rent Reserve
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 Sea Wall Repair Reserve ($25,000,000), Unfunded Obligations Reserve ($14,195,734), Elevator Modernization Reserve ($1,418,585.35)
16 Loan 78, 79 1 Doubletree Columbia Seasonality Reserve (Upfront: $56,776, Monthly: $14,194), PIP Reserve (Monthly: Springing)
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II NAP
17.01 Property   1 2410-2418 Broadway  
17.02 Property   1 245 West 51st Street  
17.03 Property   1 324-326 West 84th Street  
17.04 Property   1 107 West 68th Street  
17.05 Property   1 1443-1447 York Avenue  
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta PIP Reserve
19 Loan   1 College Center Abella NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center NAP
22 Loan 96, 97 1 1124-1126 Third Avenue 1126 Convenience Store Inc. Reserve
23 Loan 98, 99, 100 2 Stockton & Nostrand Unfunded Obligations Reserve (Upfront: $50,000), Free Rent Reserve (Upfront: $9,167, Monthly: Springing, Cap: $9,167)
23.01 Property   1 Stockton  
23.02 Property   1 Nostrand  
24 Loan 101, 102, 103 1 688-690 9th Avenue NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP
27 Loan   1 Cityline Safe Storage NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP

 

 A-16 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N)
                         
1 Loan 9, 10, 11 1 Warwick New York 1,100,000 0 NAP Springing Springing Yes No Yes
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 0 0 NAP Hard Springing Yes Yes Yes
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 0 0 NAP Soft Springing Yes No Yes
3.01 Property   1 Prime Storage Bridgehampton                
3.02 Property   1 Prime Storage Bohemia                
3.03 Property   1 Prime Storage Westhampton Beach                
3.04 Property   1 Prime Storage Queens Jamaica                
3.05 Property   1 Prime Storage West Palm Beach                
3.06 Property   1 Prime Storage Snellville                
3.07 Property   1 Prime Storage Shallotte                
3.08 Property   1 Prime Storage Danbury East                
3.09 Property   1 Prime Storage Dallas                
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.                
3.11 Property   1 Prime Storage Mesa                
3.12 Property   1 Prime Storage Warren                
3.13 Property   1 Prime Storage Portsmouth                
3.14 Property   1 Prime Storage Bolivia                
3.15 Property   1 Prime Storage Charlottesville                
3.16 Property   1 Prime Storage Clifton                
3.17 Property   1 Prime Storage Centereach                
3.18 Property   1 Prime Storage Marietta North                
3.19 Property   1 Prime Storage Hardeeville                
3.20 Property   1 Prime Storage Summerville                
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.                
3.22 Property   1 Prime Storage Marietta South                
3.23 Property   1 Prime Storage Cartersville                
3.24 Property   1 Prime Storage Danbury West                
3.25 Property   1 Prime Storage Scarborough                
3.26 Property   1 Prime Storage Baltimore                
3.27 Property   1 Prime Storage Farmingdale                
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.                
3.29 Property   1 Prime Storage Glenville                
3.30 Property   1 Prime Storage Fishers Ford Dr.                
3.31 Property   1 Prime Storage Acworth North                
3.32 Property   1 Prime Storage Rock Hill                
3.33 Property   1 Prime Storage Simpsonville                
3.34 Property   1 Prime Storage Acworth East                
3.35 Property   1 Prime Storage Saco                
3.36 Property   1 Prime Storage Baltimore North Point Blvd.                
3.37 Property   1 Prime Storage Green Island                
3.38 Property   1 Prime Storage North Fort Myers                
3.39 Property   1 Prime Storage Marietta                
3.40 Property   1 Prime Storage Midland                
3.41 Property   1 Prime Storage Lansing                
3.42 Property   1 Prime Storage Acworth West                
3.43 Property   1 Prime Storage Boardman                
3.44 Property   1 Prime Storage North Miami                
3.45 Property   1 Prime Storage Greenville Butler Rd.                
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 0 0 NAP Hard Springing Yes Yes Yes
4.01 Property   1 Gilbert Gateway Towne Center                
4.02 Property   1 Scottsdale Towne Center                
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 0 0 NAP Soft Springing Yes No Yes
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 0 0 NAP Soft Springing Yes No Yes
6.01 Property   1 2615 East 12th Street                
6.02 Property   1 Parkglenn Self-Storage                
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive                
6.04 Property   1 30690 Aldine Westfield Rd                
6.05 Property   1 13404 E Broncos Pkwy                
6.06 Property   1 3803 N Navarro St                
6.07 Property   1 2102 NW Stallings Dr                
6.08 Property   1 2005 W Wheeler Ave                
6.09 Property   1 3817 Gulf Freeway                
6.10 Property   1 1600 E General Cavazos Blvd                
6.11 Property   1 11615 Rubina Pl                
6.12 Property   1 4222 N Main St                
6.13 Property   1 12 Irongate Drive                
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 0 0 NAP Hard Springing Yes No Yes
8 Loan 44 2 Chelsea Bronx Portfolio 0 0 NAP Hard Springing Yes Yes No
8.01 Property   1 521 West 21st Street                
8.02 Property   1 656 East 133rd Street                
9 Loan 45, 46 1 Arizona Republic Distribution Center 0 0 NAP Hard Springing Yes Yes No
10 Loan 47, 48, 49, 50 1 Related Home Depot 0 0 NAP Hard Springing Yes Yes No
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 0 0 NAP Springing Springing Yes No No
12 Loan 56, 57 1 Waterstone Center 0 0 NAP Springing Springing Yes Yes No
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 0 0 NAP Hard Springing Yes No Yes
14 Loan 66, 67, 68 1 Spinner Place 0 0 NAP Soft Springing Yes No No
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 0 0 NAP Hard Springing Yes No Yes
16 Loan 78, 79 1 Doubletree Columbia 0 0 NAP Hard Springing Yes No No
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 0 0 NAP Soft (Residential); Hard (Commercial) Springing Yes Yes Yes
17.01 Property   1 2410-2418 Broadway                
17.02 Property   1 245 West 51st Street                
17.03 Property   1 324-326 West 84th Street                
17.04 Property   1 107 West 68th Street                
17.05 Property   1 1443-1447 York Avenue                
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 0 0 NAP Springing Springing Yes No No
19 Loan   1 College Center Abella 0 0 NAP Springing Springing Yes Yes No
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 0 0 NAP Hard Springing No Yes Yes
21 Loan 92, 93, 94, 95 1 Irvine Executive Center 0 0 NAP Hard Springing Yes Yes No
22 Loan 96, 97 1 1124-1126 Third Avenue 0 0 NAP Soft (Residential); Hard (Commercial) Springing Yes Yes No
23 Loan 98, 99, 100 2 Stockton & Nostrand 9,167 0 NAP Springing Springing Yes Yes No
23.01 Property   1 Stockton                
23.02 Property   1 Nostrand                
24 Loan 101, 102, 103 1 688-690 9th Avenue 0 0 NAP Springing Springing Yes Yes No
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard 0 0 NAP Hard Springing Yes Yes No
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway 0 0 NAP Springing Springing Yes No No
27 Loan   1 Cityline Safe Storage 0 0 NAP Springing Springing Yes No No
28 Loan   1 CityLine Added Space Self Storage Sparkman 0 0 NAP Springing Springing Yes No No

 

 A-17 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($)
                           
1 Loan 9, 10, 11 1 Warwick New York Yes 60,500,000 10,000,000 62,692.13 441,979.51 NAP NAP 70,500,000 441,979.51
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne Yes 56,000,000 38,000,000 237,186.64 586,724.83 NAP NAP 94,000,000 586,724.83
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 No 55,000,000 350,870,000 1,894,332.51 2,191,275.22 64,130,000 6.39000% 470,000,000 2,537,510.42
3.01 Property   1 Prime Storage Bridgehampton                  
3.02 Property   1 Prime Storage Bohemia                  
3.03 Property   1 Prime Storage Westhampton Beach                  
3.04 Property   1 Prime Storage Queens Jamaica                  
3.05 Property   1 Prime Storage West Palm Beach                  
3.06 Property   1 Prime Storage Snellville                  
3.07 Property   1 Prime Storage Shallotte                  
3.08 Property   1 Prime Storage Danbury East                  
3.09 Property   1 Prime Storage Dallas                  
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.                  
3.11 Property   1 Prime Storage Mesa                  
3.12 Property   1 Prime Storage Warren                  
3.13 Property   1 Prime Storage Portsmouth                  
3.14 Property   1 Prime Storage Bolivia                  
3.15 Property   1 Prime Storage Charlottesville                  
3.16 Property   1 Prime Storage Clifton                  
3.17 Property   1 Prime Storage Centereach                  
3.18 Property   1 Prime Storage Marietta North                  
3.19 Property   1 Prime Storage Hardeeville                  
3.20 Property   1 Prime Storage Summerville                  
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.                  
3.22 Property   1 Prime Storage Marietta South                  
3.23 Property   1 Prime Storage Cartersville                  
3.24 Property   1 Prime Storage Danbury West                  
3.25 Property   1 Prime Storage Scarborough                  
3.26 Property   1 Prime Storage Baltimore                  
3.27 Property   1 Prime Storage Farmingdale                  
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.                  
3.29 Property   1 Prime Storage Glenville                  
3.30 Property   1 Prime Storage Fishers Ford Dr.                  
3.31 Property   1 Prime Storage Acworth North                  
3.32 Property   1 Prime Storage Rock Hill                  
3.33 Property   1 Prime Storage Simpsonville                  
3.34 Property   1 Prime Storage Acworth East                  
3.35 Property   1 Prime Storage Saco                  
3.36 Property   1 Prime Storage Baltimore North Point Blvd.                  
3.37 Property   1 Prime Storage Green Island                  
3.38 Property   1 Prime Storage North Fort Myers                  
3.39 Property   1 Prime Storage Marietta                  
3.40 Property   1 Prime Storage Midland                  
3.41 Property   1 Prime Storage Lansing                  
3.42 Property   1 Prime Storage Acworth West                  
3.43 Property   1 Prime Storage Boardman                  
3.44 Property   1 Prime Storage North Miami                  
3.45 Property   1 Prime Storage Greenville Butler Rd.                  
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio Yes 51,000,000 30,000,000 198,975.70 537,234.38 NAP NAP 81,000,000 537,234.38
4.01 Property   1 Gilbert Gateway Towne Center                  
4.02 Property   1 Scottsdale Towne Center                  
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown No 50,000,000 165,000,000 1,213,561.63 1,581,307.58 NAP NAP 215,000,000 1,581,307.58
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage Yes 43,750,000 41,250,000 245,012.59 504,874.42 NAP NAP 85,000,000 504,874.42
6.01 Property   1 2615 East 12th Street                  
6.02 Property   1 Parkglenn Self-Storage                  
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive                  
6.04 Property   1 30690 Aldine Westfield Rd                  
6.05 Property   1 13404 E Broncos Pkwy                  
6.06 Property   1 3803 N Navarro St                  
6.07 Property   1 2102 NW Stallings Dr                  
6.08 Property   1 2005 W Wheeler Ave                  
6.09 Property   1 3817 Gulf Freeway                  
6.10 Property   1 1600 E General Cavazos Blvd                  
6.11 Property   1 11615 Rubina Pl                  
6.12 Property   1 4222 N Main St                  
6.13 Property   1 12 Irongate Drive                  
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza No 35,000,000 45,000,000 304,630.52 541,565.37 NAP NAP 80,000,000 541,565.37
8 Loan 44 2 Chelsea Bronx Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.01 Property   1 521 West 21st Street                  
8.02 Property   1 656 East 133rd Street                  
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 56, 57 1 Waterstone Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce No 20,833,333 199,166,667 1,310,460.19 1,447,537.62 NAP NAP 220,000,000 1,447,537.62
14 Loan 66, 67, 68 1 Spinner Place NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 No 17,500,000 207,500,000 1,023,858.79 1,110,208.33 NAP NAP 225,000,000 1,110,208.33
16 Loan 78, 79 1 Doubletree Columbia NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II No 13,000,000 41,000,000 145,064.53 191,060.60 NAP NAP 54,000,000 191,060.60
17.01 Property   1 2410-2418 Broadway                  
17.02 Property   1 245 West 51st Street                  
17.03 Property   1 324-326 West 84th Street                  
17.04 Property   1 107 West 68th Street                  
17.05 Property   1 1443-1447 York Avenue                  
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 College Center Abella NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard No 9,800,000 75,000,000 413,983.51 468,077.35 NAP NAP 84,800,000 468,077.35
21 Loan 92, 93, 94, 95 1 Irvine Executive Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 96, 97 1 1124-1126 Third Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand NAP NAP NAP NAP NAP NAP NAP NAP NAP
23.01 Property   1 Stockton                  
23.02 Property   1 Nostrand                  
24 Loan 101, 102, 103 1 688-690 9th Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-18 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%)
            4             4  
1 Loan 9, 10, 11 1 Warwick New York 32.6% 2.38 20.5% NAP NAP NAP NAP NAP NAP NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 62.4% 1.39 10.6% NAP NAP NAP NAP NAP NAP NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 59.4% 1.44 9.5% 120,000,000 9.87500% 590,000,000 3,538,725.70 74.6% 1.03 7.5%
3.01 Property   1 Prime Storage Bridgehampton                    
3.02 Property   1 Prime Storage Bohemia                    
3.03 Property   1 Prime Storage Westhampton Beach                    
3.04 Property   1 Prime Storage Queens Jamaica                    
3.05 Property   1 Prime Storage West Palm Beach                    
3.06 Property   1 Prime Storage Snellville                    
3.07 Property   1 Prime Storage Shallotte                    
3.08 Property   1 Prime Storage Danbury East                    
3.09 Property   1 Prime Storage Dallas                    
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.                    
3.11 Property   1 Prime Storage Mesa                    
3.12 Property   1 Prime Storage Warren                    
3.13 Property   1 Prime Storage Portsmouth                    
3.14 Property   1 Prime Storage Bolivia                    
3.15 Property   1 Prime Storage Charlottesville                    
3.16 Property   1 Prime Storage Clifton                    
3.17 Property   1 Prime Storage Centereach                    
3.18 Property   1 Prime Storage Marietta North                    
3.19 Property   1 Prime Storage Hardeeville                    
3.20 Property   1 Prime Storage Summerville                    
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.                    
3.22 Property   1 Prime Storage Marietta South                    
3.23 Property   1 Prime Storage Cartersville                    
3.24 Property   1 Prime Storage Danbury West                    
3.25 Property   1 Prime Storage Scarborough                    
3.26 Property   1 Prime Storage Baltimore                    
3.27 Property   1 Prime Storage Farmingdale                    
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.                    
3.29 Property   1 Prime Storage Glenville                    
3.30 Property   1 Prime Storage Fishers Ford Dr.                    
3.31 Property   1 Prime Storage Acworth North                    
3.32 Property   1 Prime Storage Rock Hill                    
3.33 Property   1 Prime Storage Simpsonville                    
3.34 Property   1 Prime Storage Acworth East                    
3.35 Property   1 Prime Storage Saco                    
3.36 Property   1 Prime Storage Baltimore North Point Blvd.                    
3.37 Property   1 Prime Storage Green Island                    
3.38 Property   1 Prime Storage North Fort Myers                    
3.39 Property   1 Prime Storage Marietta                    
3.40 Property   1 Prime Storage Midland                    
3.41 Property   1 Prime Storage Lansing                    
3.42 Property   1 Prime Storage Acworth West                    
3.43 Property   1 Prime Storage Boardman                    
3.44 Property   1 Prime Storage North Miami                    
3.45 Property   1 Prime Storage Greenville Butler Rd.                    
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 56.5% 1.30 10.8% 7,000,000 13.00000% 88,000,000 614,120.95 61.3% 1.14 9.9%
4.01 Property   1 Gilbert Gateway Towne Center                    
4.02 Property   1 Scottsdale Towne Center                    
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 54.9% 1.53 16.0% NAP NAP NAP NAP NAP NAP NAP
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 59.9% 1.20 8.6% NAP NAP NAP NAP NAP NAP NAP
6.01 Property   1 2615 East 12th Street                    
6.02 Property   1 Parkglenn Self-Storage                    
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive                    
6.04 Property   1 30690 Aldine Westfield Rd                    
6.05 Property   1 13404 E Broncos Pkwy                    
6.06 Property   1 3803 N Navarro St                    
6.07 Property   1 2102 NW Stallings Dr                    
6.08 Property   1 2005 W Wheeler Ave                    
6.09 Property   1 3817 Gulf Freeway                    
6.10 Property   1 1600 E General Cavazos Blvd                    
6.11 Property   1 11615 Rubina Pl                    
6.12 Property   1 4222 N Main St                    
6.13 Property   1 12 Irongate Drive                    
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 33.0% 2.39 20.6% NAP NAP NAP NAP NAP NAP NAP
8 Loan 44 2 Chelsea Bronx Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.01 Property   1 521 West 21st Street                    
8.02 Property   1 656 East 133rd Street                    
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 56, 57 1 Waterstone Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 51.4% 1.68 14.7% NAP NAP NAP NAP NAP NAP NAP
14 Loan 66, 67, 68 1 Spinner Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 56.8% 2.36 14.7% 55,000,000 10.50000% 280,000,000 1,598,142.36 70.7% 1.64 11.8%
16 Loan 78, 79 1 Doubletree Columbia NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II 39.2% 2.87 12.3% 41,000,000 9.19800% 95,000,000 509,690.39 69.0% 1.08 7.0%
17.01 Property   1 2410-2418 Broadway                    
17.02 Property   1 245 West 51st Street                    
17.03 Property   1 324-326 West 84th Street                    
17.04 Property   1 107 West 68th Street                    
17.05 Property   1 1443-1447 York Avenue                    
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 College Center Abella NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard 39.4% 2.37 15.8% NAP NAP NAP NAP NAP NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 96, 97 1 1124-1126 Third Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23.01 Property   1 Stockton                    
23.02 Property   1 Nostrand                    
24 Loan 101, 102, 103 1 688-690 9th Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-19 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Future Additional Debt Permitted (Y/N) Future Debt Permitted Type
             
1 Loan 9, 10, 11 1 Warwick New York No NAP
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne No NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 No NAP
3.01 Property   1 Prime Storage Bridgehampton    
3.02 Property   1 Prime Storage Bohemia    
3.03 Property   1 Prime Storage Westhampton Beach    
3.04 Property   1 Prime Storage Queens Jamaica    
3.05 Property   1 Prime Storage West Palm Beach    
3.06 Property   1 Prime Storage Snellville    
3.07 Property   1 Prime Storage Shallotte    
3.08 Property   1 Prime Storage Danbury East    
3.09 Property   1 Prime Storage Dallas    
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.    
3.11 Property   1 Prime Storage Mesa    
3.12 Property   1 Prime Storage Warren    
3.13 Property   1 Prime Storage Portsmouth    
3.14 Property   1 Prime Storage Bolivia    
3.15 Property   1 Prime Storage Charlottesville    
3.16 Property   1 Prime Storage Clifton    
3.17 Property   1 Prime Storage Centereach    
3.18 Property   1 Prime Storage Marietta North    
3.19 Property   1 Prime Storage Hardeeville    
3.20 Property   1 Prime Storage Summerville    
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.    
3.22 Property   1 Prime Storage Marietta South    
3.23 Property   1 Prime Storage Cartersville    
3.24 Property   1 Prime Storage Danbury West    
3.25 Property   1 Prime Storage Scarborough    
3.26 Property   1 Prime Storage Baltimore    
3.27 Property   1 Prime Storage Farmingdale    
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.    
3.29 Property   1 Prime Storage Glenville    
3.30 Property   1 Prime Storage Fishers Ford Dr.    
3.31 Property   1 Prime Storage Acworth North    
3.32 Property   1 Prime Storage Rock Hill    
3.33 Property   1 Prime Storage Simpsonville    
3.34 Property   1 Prime Storage Acworth East    
3.35 Property   1 Prime Storage Saco    
3.36 Property   1 Prime Storage Baltimore North Point Blvd.    
3.37 Property   1 Prime Storage Green Island    
3.38 Property   1 Prime Storage North Fort Myers    
3.39 Property   1 Prime Storage Marietta    
3.40 Property   1 Prime Storage Midland    
3.41 Property   1 Prime Storage Lansing    
3.42 Property   1 Prime Storage Acworth West    
3.43 Property   1 Prime Storage Boardman    
3.44 Property   1 Prime Storage North Miami    
3.45 Property   1 Prime Storage Greenville Butler Rd.    
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio No NAP
4.01 Property   1 Gilbert Gateway Towne Center    
4.02 Property   1 Scottsdale Towne Center    
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown Yes Mezzanine (Max Combined LTV of 54.9%; Min Combined Debt Yield of 13.2%; Min Combined DSCR of 1.50x; Intercreditor Agreement is required)
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage No NAP
6.01 Property   1 2615 East 12th Street    
6.02 Property   1 Parkglenn Self-Storage    
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive    
6.04 Property   1 30690 Aldine Westfield Rd    
6.05 Property   1 13404 E Broncos Pkwy    
6.06 Property   1 3803 N Navarro St    
6.07 Property   1 2102 NW Stallings Dr    
6.08 Property   1 2005 W Wheeler Ave    
6.09 Property   1 3817 Gulf Freeway    
6.10 Property   1 1600 E General Cavazos Blvd    
6.11 Property   1 11615 Rubina Pl    
6.12 Property   1 4222 N Main St    
6.13 Property   1 12 Irongate Drive    
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza No NAP
8 Loan 44 2 Chelsea Bronx Portfolio No NAP
8.01 Property   1 521 West 21st Street    
8.02 Property   1 656 East 133rd Street    
9 Loan 45, 46 1 Arizona Republic Distribution Center No NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot No NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court No NAP
12 Loan 56, 57 1 Waterstone Center No NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce No NAP
14 Loan 66, 67, 68 1 Spinner Place No NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 Yes Mezzanine only permitted in connection with the assumption of the Mortgage Loan and simultaneous repayment of the Mezzanine Loan (Max Combined LTV of 75.0%;
Min Combined DSCR of 1.25x; Min Mortgage DSCR of 1.81x; Intercreditor Agreement is required)
16 Loan 78, 79 1 Doubletree Columbia No NAP
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II No NAP
17.01 Property   1 2410-2418 Broadway    
17.02 Property   1 245 West 51st Street    
17.03 Property   1 324-326 West 84th Street    
17.04 Property   1 107 West 68th Street    
17.05 Property   1 1443-1447 York Avenue    
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta No NAP
19 Loan   1 College Center Abella No NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard No NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center No NAP
22 Loan 96, 97 1 1124-1126 Third Avenue No NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand No NAP
23.01 Property   1 Stockton    
23.02 Property   1 Nostrand    
24 Loan 101, 102, 103 1 688-690 9th Avenue No NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard No NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway No NAP
27 Loan   1 Cityline Safe Storage No NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman No NAP

 

 A-20 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Sponsor Non-Recourse Carveout Guarantor
             
1 Loan 9, 10, 11 1 Warwick New York Warwick Amusements Corporation Warwick Amusements Corporation
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne John Kukral or Michael Profenius Northwood Real Estate Partners LP, Northwood Real Estate Partners TE LP, Northwood Employees LP,
Northwood Real Estate Co-Investors LP, Northwood Employees Co-Invest LP and Northwood Real Estate Co-Investors TE LP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 Robert J. Moser Prime Storage Fund II, LP, Prime Storage Fund II (Cayman), LP, Prime Storage Fund II IDF, LP and Robert Moser
3.01 Property   1 Prime Storage Bridgehampton    
3.02 Property   1 Prime Storage Bohemia    
3.03 Property   1 Prime Storage Westhampton Beach    
3.04 Property   1 Prime Storage Queens Jamaica    
3.05 Property   1 Prime Storage West Palm Beach    
3.06 Property   1 Prime Storage Snellville    
3.07 Property   1 Prime Storage Shallotte    
3.08 Property   1 Prime Storage Danbury East    
3.09 Property   1 Prime Storage Dallas    
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.    
3.11 Property   1 Prime Storage Mesa    
3.12 Property   1 Prime Storage Warren    
3.13 Property   1 Prime Storage Portsmouth    
3.14 Property   1 Prime Storage Bolivia    
3.15 Property   1 Prime Storage Charlottesville    
3.16 Property   1 Prime Storage Clifton    
3.17 Property   1 Prime Storage Centereach    
3.18 Property   1 Prime Storage Marietta North    
3.19 Property   1 Prime Storage Hardeeville    
3.20 Property   1 Prime Storage Summerville    
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.    
3.22 Property   1 Prime Storage Marietta South    
3.23 Property   1 Prime Storage Cartersville    
3.24 Property   1 Prime Storage Danbury West    
3.25 Property   1 Prime Storage Scarborough    
3.26 Property   1 Prime Storage Baltimore    
3.27 Property   1 Prime Storage Farmingdale    
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.    
3.29 Property   1 Prime Storage Glenville    
3.30 Property   1 Prime Storage Fishers Ford Dr.    
3.31 Property   1 Prime Storage Acworth North    
3.32 Property   1 Prime Storage Rock Hill    
3.33 Property   1 Prime Storage Simpsonville    
3.34 Property   1 Prime Storage Acworth East    
3.35 Property   1 Prime Storage Saco    
3.36 Property   1 Prime Storage Baltimore North Point Blvd.    
3.37 Property   1 Prime Storage Green Island    
3.38 Property   1 Prime Storage North Fort Myers    
3.39 Property   1 Prime Storage Marietta    
3.40 Property   1 Prime Storage Midland    
3.41 Property   1 Prime Storage Lansing    
3.42 Property   1 Prime Storage Acworth West    
3.43 Property   1 Prime Storage Boardman    
3.44 Property   1 Prime Storage North Miami    
3.45 Property   1 Prime Storage Greenville Butler Rd.    
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio Karim Kanjiyani, Saleem Kanjiyani and Yasmin Daredia Karim Kanjiyani, Saleem Kanjiyani and Yasmin Daredia
4.01 Property   1 Gilbert Gateway Towne Center    
4.02 Property   1 Scottsdale Towne Center    
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown Oaktree Capital Management, LLC, Clearview Hotel Capital, LLC, and Host LP Oaktree Real Estate Opportunities Fund VI, L.P.
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage Centerbridge Partners Real Estate Fund, L.P. and CCP III AIV III, L.P. Merit Hill Holdings REIT LLC and Merit Hill Holdings REIT II LLC
6.01 Property   1 2615 East 12th Street    
6.02 Property   1 Parkglenn Self-Storage    
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive    
6.04 Property   1 30690 Aldine Westfield Rd    
6.05 Property   1 13404 E Broncos Pkwy    
6.06 Property   1 3803 N Navarro St    
6.07 Property   1 2102 NW Stallings Dr    
6.08 Property   1 2005 W Wheeler Ave    
6.09 Property   1 3817 Gulf Freeway    
6.10 Property   1 1600 E General Cavazos Blvd    
6.11 Property   1 11615 Rubina Pl    
6.12 Property   1 4222 N Main St    
6.13 Property   1 12 Irongate Drive    
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza BCP LMP Harrison Equity LLC NAP
8 Loan 44 2 Chelsea Bronx Portfolio Guy Roberts Guy Roberts
8.01 Property   1 521 West 21st Street    
8.02 Property   1 656 East 133rd Street    
9 Loan 45, 46 1 Arizona Republic Distribution Center David Luski, Adam Breen, Jean Marie Apruzzese and/or David Gray DRA Growth and Income Master Fund X, LLC
10 Loan 47, 48, 49, 50 1 Related Home Depot The Related Companies, L.P. The Related Companies, L.P.
11 Loan 51, 52, 53, 54, 55 1 Cotton Court Doyle A. Graham, Jr. Doyle A. Graham, Jr.
12 Loan 56, 57 1 Waterstone Center Midland Olympus Income Plus Fund, LLC and Next Realty Fund X, LP John I. Silverman and Next Realty Fund X, LP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce Brandywine Operating Partnership, L.P. Brandywine Operating Partnership, L.P.
14 Loan 66, 67, 68 1 Spinner Place ORYX Holding Hamad Alhomaizi
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 Mark Karasick and Michael Silberberg Mark Karasick and Michael Silberberg
16 Loan 78, 79 1 Doubletree Columbia Neel Desai and Aby Galsky Neel Desai and Aby Galsky
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II Robert Gilardian and Albert Gilardian Robert Gilardian and Albert Gilardian
17.01 Property   1 2410-2418 Broadway    
17.02 Property   1 245 West 51st Street    
17.03 Property   1 324-326 West 84th Street    
17.04 Property   1 107 West 68th Street    
17.05 Property   1 1443-1447 York Avenue    
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta Munira Kapadia and Faysal Kapadia Munira Kapadia and Faysal Kapadia
19 Loan   1 College Center Abella Bruce Goren and Todd Okum Bruce Goren and Todd Okum
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard GI Partners ETS Fund LP GI Partners ETS Fund LP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center EKN Development Group Ebrahim K. Nakhjavani
22 Loan 96, 97 1 1124-1126 Third Avenue Son Dinh Tran Son Dinh Tran
23 Loan 98, 99, 100 2 Stockton & Nostrand Cheskel Brach and Mendel Fleischman Cheskel Brach and Mendel Fleischman
23.01 Property   1 Stockton    
23.02 Property   1 Nostrand    
24 Loan 101, 102, 103 1 688-690 9th Avenue The Pecora Family Dynasty Trust dated September 12, 2013 The Pecora Family Dynasty Trust dated September 12, 2013
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard Lake Creek Investment Holdings, LLC Lake Creek Investment Holdings, LLC
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway George Thacker, Lawrence Charles Kaplan, Richard Schontz and Peter Veltri George Thacker, Lawrence Charles Kaplan, Richard Schontz and Peter Veltri
27 Loan   1 Cityline Safe Storage George Thacker, Lawrence Charles Kaplan, Richard Schontz and Peter Veltri George Thacker, Lawrence Charles Kaplan, Richard Schontz and Peter Veltri
28 Loan   1 CityLine Added Space Self Storage Sparkman George Thacker, Lawrence Charles Kaplan, Richard Schontz and Peter Veltri George Thacker, Lawrence Charles Kaplan, Richard Schontz and Peter Veltri

 

 A-21 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Delaware Statutory Trust
(Y/N)
Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($)
                7   8      
1 Loan 9, 10, 11 1 Warwick New York No No Refinance No 70,500,000 2,562,862 0 0 73,062,862
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne No No Refinance No 94,000,000 0 0 0 94,000,000
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 No No Recapitalization   405,870,000 0 184,130,000 2,639,174 592,639,174
3.01 Property   1 Prime Storage Bridgehampton       No          
3.02 Property   1 Prime Storage Bohemia       No          
3.03 Property   1 Prime Storage Westhampton Beach       No          
3.04 Property   1 Prime Storage Queens Jamaica       Yes          
3.05 Property   1 Prime Storage West Palm Beach       No          
3.06 Property   1 Prime Storage Snellville       No          
3.07 Property   1 Prime Storage Shallotte       No          
3.08 Property   1 Prime Storage Danbury East       No          
3.09 Property   1 Prime Storage Dallas       No          
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.       No          
3.11 Property   1 Prime Storage Mesa       No          
3.12 Property   1 Prime Storage Warren       No          
3.13 Property   1 Prime Storage Portsmouth       No          
3.14 Property   1 Prime Storage Bolivia       No          
3.15 Property   1 Prime Storage Charlottesville       No          
3.16 Property   1 Prime Storage Clifton       No          
3.17 Property   1 Prime Storage Centereach       No          
3.18 Property   1 Prime Storage Marietta North       No          
3.19 Property   1 Prime Storage Hardeeville       Yes          
3.20 Property   1 Prime Storage Summerville       No          
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.       No          
3.22 Property   1 Prime Storage Marietta South       No          
3.23 Property   1 Prime Storage Cartersville       No          
3.24 Property   1 Prime Storage Danbury West       No          
3.25 Property   1 Prime Storage Scarborough       No          
3.26 Property   1 Prime Storage Baltimore       No          
3.27 Property   1 Prime Storage Farmingdale       No          
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.       No          
3.29 Property   1 Prime Storage Glenville       No          
3.30 Property   1 Prime Storage Fishers Ford Dr.       No          
3.31 Property   1 Prime Storage Acworth North       No          
3.32 Property   1 Prime Storage Rock Hill       No          
3.33 Property   1 Prime Storage Simpsonville       No          
3.34 Property   1 Prime Storage Acworth East       No          
3.35 Property   1 Prime Storage Saco       Yes          
3.36 Property   1 Prime Storage Baltimore North Point Blvd.       No          
3.37 Property   1 Prime Storage Green Island       No          
3.38 Property   1 Prime Storage North Fort Myers       No          
3.39 Property   1 Prime Storage Marietta       No          
3.40 Property   1 Prime Storage Midland       No          
3.41 Property   1 Prime Storage Lansing       No          
3.42 Property   1 Prime Storage Acworth West       No          
3.43 Property   1 Prime Storage Boardman       No          
3.44 Property   1 Prime Storage North Miami       Yes          
3.45 Property   1 Prime Storage Greenville Butler Rd.       No          
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio No No Refinance   81,000,000 0 7,000,000 0 88,000,000
4.01 Property   1 Gilbert Gateway Towne Center       No          
4.02 Property   1 Scottsdale Towne Center       No          
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown No No Refinance No 215,000,000 24,286,718 0 0 239,286,718
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage No No Refinance   85,000,000 0 0 0 85,000,000
6.01 Property   1 2615 East 12th Street       No          
6.02 Property   1 Parkglenn Self-Storage       No          
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive       No          
6.04 Property   1 30690 Aldine Westfield Rd       No          
6.05 Property   1 13404 E Broncos Pkwy       No          
6.06 Property   1 3803 N Navarro St       No          
6.07 Property   1 2102 NW Stallings Dr       No          
6.08 Property   1 2005 W Wheeler Ave       No          
6.09 Property   1 3817 Gulf Freeway       No          
6.10 Property   1 1600 E General Cavazos Blvd       No          
6.11 Property   1 11615 Rubina Pl       No          
6.12 Property   1 4222 N Main St       No          
6.13 Property   1 12 Irongate Drive       No          
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza No No Recapitalization No 80,000,000 0 0 0 80,000,000
8 Loan 44 2 Chelsea Bronx Portfolio No No Refinance   31,000,000 0 0 0 31,000,000
8.01 Property   1 521 West 21st Street       No          
8.02 Property   1 656 East 133rd Street       No          
9 Loan 45, 46 1 Arizona Republic Distribution Center No No Acquisition No 24,950,000 15,891,753 0 0 40,841,753
10 Loan 47, 48, 49, 50 1 Related Home Depot No No Refinance No 21,000,000 6,649,534 0 0 27,649,534
11 Loan 51, 52, 53, 54, 55 1 Cotton Court No No Refinance No 21,000,000 0 0 0 21,000,000
12 Loan 56, 57 1 Waterstone Center No No Acquisition No 20,887,900 11,932,351 0 0 32,820,251
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce No No Refinance No 220,000,000 24,825,039 0 0 244,825,039
14 Loan 66, 67, 68 1 Spinner Place No No Acquisition No 17,680,000 11,537,038 0 0 29,217,038
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 No Yes Acquisition No 225,000,000 119,820,041 74,000,000 49,633,468 468,453,509
16 Loan 78, 79 1 Doubletree Columbia No No Refinance No          
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II No No Refinance            
17.01 Property   1 2410-2418 Broadway       No          
17.02 Property   1 245 West 51st Street       No          
17.03 Property   1 324-326 West 84th Street       No          
17.04 Property   1 107 West 68th Street       No          
17.05 Property   1 1443-1447 York Avenue       No          
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta No No Acquisition No          
19 Loan   1 College Center Abella No No Refinance No          
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard No No Acquisition No          
21 Loan 92, 93, 94, 95 1 Irvine Executive Center No No Refinance No          
22 Loan 96, 97 1 1124-1126 Third Avenue No No Refinance No          
23 Loan 98, 99, 100 2 Stockton & Nostrand No No Refinance            
23.01 Property   1 Stockton       No          
23.02 Property   1 Nostrand       No          
24 Loan 101, 102, 103 1 688-690 9th Avenue No Yes Refinance No          
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard No Yes Refinance No          
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway No No Acquisition No          
27 Loan   1 Cityline Safe Storage No No Acquisition No          
28 Loan   1 CityLine Added Space Self Storage Sparkman No No Acquisition No          

 

 A-22 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%)
                               
1 Loan 9, 10, 11 1 Warwick New York 69,873,086 0 731,201 2,458,574 0 0 73,062,862 NAP 307.41 266.20 86.6%
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne 70,399,685 0 5,166,611 0 18,433,705 0 94,000,000 NAP NAP NAP NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 574,972,692 0 15,680,899 1,916,292 69,291 0 592,639,174 NAP NAP NAP NAP
3.01 Property   1 Prime Storage Bridgehampton               NAP NAP NAP NAP
3.02 Property   1 Prime Storage Bohemia               NAP NAP NAP NAP
3.03 Property   1 Prime Storage Westhampton Beach               NAP NAP NAP NAP
3.04 Property   1 Prime Storage Queens Jamaica               NAP NAP NAP NAP
3.05 Property   1 Prime Storage West Palm Beach               NAP NAP NAP NAP
3.06 Property   1 Prime Storage Snellville               NAP NAP NAP NAP
3.07 Property   1 Prime Storage Shallotte               NAP NAP NAP NAP
3.08 Property   1 Prime Storage Danbury East               NAP NAP NAP NAP
3.09 Property   1 Prime Storage Dallas               NAP NAP NAP NAP
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr.               NAP NAP NAP NAP
3.11 Property   1 Prime Storage Mesa               NAP NAP NAP NAP
3.12 Property   1 Prime Storage Warren               NAP NAP NAP NAP
3.13 Property   1 Prime Storage Portsmouth               NAP NAP NAP NAP
3.14 Property   1 Prime Storage Bolivia               NAP NAP NAP NAP
3.15 Property   1 Prime Storage Charlottesville               NAP NAP NAP NAP
3.16 Property   1 Prime Storage Clifton               NAP NAP NAP NAP
3.17 Property   1 Prime Storage Centereach               NAP NAP NAP NAP
3.18 Property   1 Prime Storage Marietta North               NAP NAP NAP NAP
3.19 Property   1 Prime Storage Hardeeville               NAP NAP NAP NAP
3.20 Property   1 Prime Storage Summerville               NAP NAP NAP NAP
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy.               NAP NAP NAP NAP
3.22 Property   1 Prime Storage Marietta South               NAP NAP NAP NAP
3.23 Property   1 Prime Storage Cartersville               NAP NAP NAP NAP
3.24 Property   1 Prime Storage Danbury West               NAP NAP NAP NAP
3.25 Property   1 Prime Storage Scarborough               NAP NAP NAP NAP
3.26 Property   1 Prime Storage Baltimore               NAP NAP NAP NAP
3.27 Property   1 Prime Storage Farmingdale               NAP NAP NAP NAP
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave.               NAP NAP NAP NAP
3.29 Property   1 Prime Storage Glenville               NAP NAP NAP NAP
3.30 Property   1 Prime Storage Fishers Ford Dr.               NAP NAP NAP NAP
3.31 Property   1 Prime Storage Acworth North               NAP NAP NAP NAP
3.32 Property   1 Prime Storage Rock Hill               NAP NAP NAP NAP
3.33 Property   1 Prime Storage Simpsonville               NAP NAP NAP NAP
3.34 Property   1 Prime Storage Acworth East               NAP NAP NAP NAP
3.35 Property   1 Prime Storage Saco               NAP NAP NAP NAP
3.36 Property   1 Prime Storage Baltimore North Point Blvd.               NAP NAP NAP NAP
3.37 Property   1 Prime Storage Green Island               NAP NAP NAP NAP
3.38 Property   1 Prime Storage North Fort Myers               NAP NAP NAP NAP
3.39 Property   1 Prime Storage Marietta               NAP NAP NAP NAP
3.40 Property   1 Prime Storage Midland               NAP NAP NAP NAP
3.41 Property   1 Prime Storage Lansing               NAP NAP NAP NAP
3.42 Property   1 Prime Storage Acworth West               NAP NAP NAP NAP
3.43 Property   1 Prime Storage Boardman               NAP NAP NAP NAP
3.44 Property   1 Prime Storage North Miami               NAP NAP NAP NAP
3.45 Property   1 Prime Storage Greenville Butler Rd.               NAP NAP NAP NAP
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio 56,431,784 0 3,403,794 4,896,572 23,267,850 0 88,000,000 NAP NAP NAP NAP
4.01 Property   1 Gilbert Gateway Towne Center               NAP NAP NAP NAP
4.02 Property   1 Scottsdale Towne Center               NAP NAP NAP NAP
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 237,270,647 0 2,016,071 0 0 0 239,286,718 NAP 233.09 140.33 60.2%
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage 67,545,410 0 4,733,993 61,270 12,659,327 0 85,000,000 NAP NAP NAP NAP
6.01 Property   1 2615 East 12th Street               NAP NAP NAP NAP
6.02 Property   1 Parkglenn Self-Storage               NAP NAP NAP NAP
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive               NAP NAP NAP NAP
6.04 Property   1 30690 Aldine Westfield Rd               NAP NAP NAP NAP
6.05 Property   1 13404 E Broncos Pkwy               NAP NAP NAP NAP
6.06 Property   1 3803 N Navarro St               NAP NAP NAP NAP
6.07 Property   1 2102 NW Stallings Dr               NAP NAP NAP NAP
6.08 Property   1 2005 W Wheeler Ave               NAP NAP NAP NAP
6.09 Property   1 3817 Gulf Freeway               NAP NAP NAP NAP
6.10 Property   1 1600 E General Cavazos Blvd               NAP NAP NAP NAP
6.11 Property   1 11615 Rubina Pl               NAP NAP NAP NAP
6.12 Property   1 4222 N Main St               NAP NAP NAP NAP
6.13 Property   1 12 Irongate Drive               NAP NAP NAP NAP
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza 0 0 1,357,314 9,709,535 68,933,151 0 80,000,000 NAP NAP NAP NAP
8 Loan 44 2 Chelsea Bronx Portfolio 20,085,143 0 2,243,232 971,288 7,700,337 0 31,000,000 NAP NAP NAP NAP
8.01 Property   1 521 West 21st Street               NAP NAP NAP NAP
8.02 Property   1 656 East 133rd Street               NAP NAP NAP NAP
9 Loan 45, 46 1 Arizona Republic Distribution Center 0 38,000,000 2,174,553 667,201 0 0 40,841,753 NAP NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot 27,110,863 0 538,672 0 0 0 27,649,534 NAP NAP NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 15,646,728 0 1,040,170 319,371 3,993,732 0 21,000,000 NAP 176.21 106.24 60.3%
12 Loan 56, 57 1 Waterstone Center 0 30,717,500 1,602,751 500,000 0 0 32,820,251 NAP NAP NAP NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce 204,600,430 0 4,111,705 36,112,904 0 0 244,825,039 NAP NAP NAP NAP
14 Loan 66, 67, 68 1 Spinner Place 0 27,200,000 1,885,308 131,731 0 0 29,217,038 NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 0 377,000,000 26,869,593 64,583,916 0 0 468,453,509 NAP NAP NAP NAP
16 Loan 78, 79 1 Doubletree Columbia               8/31/2033 150.65 109.14 72.5%
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II               NAP NAP NAP NAP
17.01 Property   1 2410-2418 Broadway               NAP NAP NAP NAP
17.02 Property   1 245 West 51st Street               NAP NAP NAP NAP
17.03 Property   1 324-326 West 84th Street               NAP NAP NAP NAP
17.04 Property   1 107 West 68th Street               NAP NAP NAP NAP
17.05 Property   1 1443-1447 York Avenue               NAP NAP NAP NAP
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta               9/30/2038 123.81 88.10 71.2%
19 Loan   1 College Center Abella               NAP NAP NAP NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard               NAP NAP NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center               NAP NAP NAP NAP
22 Loan 96, 97 1 1124-1126 Third Avenue               NAP NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand               NAP NAP NAP NAP
23.01 Property   1 Stockton               NAP NAP NAP NAP
23.02 Property   1 Nostrand               NAP NAP NAP NAP
24 Loan 101, 102, 103 1 688-690 9th Avenue               NAP NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard               NAP NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway               NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage               NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman               NAP NAP NAP NAP

 

 A-23 

 

BENCHMARK 2023-V4

Annex A

 

Loan ID Number Loan / Property Flag Footnotes
(for Loan and Property Information)
# of Properties Property Name Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                           
1 Loan 9, 10, 11 1 Warwick New York 307.41 266.20 86.6% 284.93 242.82 85.2% 191.85 131.89 68.7%
2 Loan 9, 12, 13, 14, 15 1 Overlook at Ballantyne NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 9, 16, 17, 18, 19 45 Prime Storage Portfolio #3 NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.01 Property   1 Prime Storage Bridgehampton NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.02 Property   1 Prime Storage Bohemia NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.03 Property   1 Prime Storage Westhampton Beach NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.04 Property   1 Prime Storage Queens Jamaica NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.05 Property   1 Prime Storage West Palm Beach NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.06 Property   1 Prime Storage Snellville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.07 Property   1 Prime Storage Shallotte NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.08 Property   1 Prime Storage Danbury East NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.09 Property   1 Prime Storage Dallas NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.10 Property   1 Prime Storage Bay Shore Pine Aire Dr. NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.11 Property   1 Prime Storage Mesa NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.12 Property   1 Prime Storage Warren NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.13 Property   1 Prime Storage Portsmouth NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.14 Property   1 Prime Storage Bolivia NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.15 Property   1 Prime Storage Charlottesville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.16 Property   1 Prime Storage Clifton NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.17 Property   1 Prime Storage Centereach NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.18 Property   1 Prime Storage Marietta North NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.19 Property   1 Prime Storage Hardeeville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.20 Property   1 Prime Storage Summerville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.21 Property   1 Prime Storage Virginia Beach Lynnhaven Pkwy. NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.22 Property   1 Prime Storage Marietta South NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.23 Property   1 Prime Storage Cartersville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.24 Property   1 Prime Storage Danbury West NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.25 Property   1 Prime Storage Scarborough NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.26 Property   1 Prime Storage Baltimore NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.27 Property   1 Prime Storage Farmingdale NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.28 Property   1 Prime Storage Baltimore - 3500 Wilkens Ave. NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.29 Property   1 Prime Storage Glenville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.30 Property   1 Prime Storage Fishers Ford Dr. NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.31 Property   1 Prime Storage Acworth North NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.32 Property   1 Prime Storage Rock Hill NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.33 Property   1 Prime Storage Simpsonville NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.34 Property   1 Prime Storage Acworth East NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.35 Property   1 Prime Storage Saco NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.36 Property   1 Prime Storage Baltimore North Point Blvd. NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.37 Property   1 Prime Storage Green Island NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.38 Property   1 Prime Storage North Fort Myers NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.39 Property   1 Prime Storage Marietta NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.40 Property   1 Prime Storage Midland NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.41 Property   1 Prime Storage Lansing NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.42 Property   1 Prime Storage Acworth West NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.43 Property   1 Prime Storage Boardman NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.44 Property   1 Prime Storage North Miami NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.45 Property   1 Prime Storage Greenville Butler Rd. NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 9, 20, 21, 22, 23, 24 2 Scottsdale Gilbert Retail Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.01 Property   1 Gilbert Gateway Towne Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.02 Property   1 Scottsdale Towne Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 9, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 1 Philadelphia Marriott Downtown 230.42 131.55 57.1% 221.64 102.75 46.4% 181.77 37.37 20.6%
6 Loan 9, 36, 37, 38, 39, 40 13 Merit Hill Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.01 Property   1 2615 East 12th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.02 Property   1 Parkglenn Self-Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 630 Macarthur Boulevard & 59 Jonathan Bourne Drive NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.04 Property   1 30690 Aldine Westfield Rd NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.05 Property   1 13404 E Broncos Pkwy NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 3803 N Navarro St NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.07 Property   1 2102 NW Stallings Dr NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.08 Property   1 2005 W Wheeler Ave NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.09 Property   1 3817 Gulf Freeway NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.10 Property   1 1600 E General Cavazos Blvd NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.11 Property   1 11615 Rubina Pl NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.12 Property   1 4222 N Main St NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.13 Property   1 12 Irongate Drive NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 9, 41, 42, 43 1 Lake Merritt Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 44 2 Chelsea Bronx Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.01 Property   1 521 West 21st Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.02 Property   1 656 East 133rd Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 45, 46 1 Arizona Republic Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 47, 48, 49, 50 1 Related Home Depot NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 51, 52, 53, 54, 55 1 Cotton Court 176.21 106.24 60.3% 175.09 102.77 58.7% 143.58 80.01 55.7%
12 Loan 56, 57 1 Waterstone Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 9, 58, 59, 60, 61, 62, 63, 64, 65 1 One & Two Commerce NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 66, 67, 68 1 Spinner Place NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 69, 70, 71, 72, 73, 74, 75, 76, 77 1 Harborside 2-3 NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 78, 79 1 Doubletree Columbia 150.65 109.14 72.5% 146.81 103.62 70.6% 121.69 80.03 65.8%
17 Loan 9, 80, 81, 82, 83 5 Gilardian NYC Portfolio II NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.01 Property   1 2410-2418 Broadway NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.02 Property   1 245 West 51st Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.03 Property   1 324-326 West 84th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.04 Property   1 107 West 68th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
17.05 Property   1 1443-1447 York Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 84, 85 1 Hampton Inn & Suites Atlanta 123.81 88.10 71.2% 122.27 81.60 66.7% 106.00 62.68 59.1%
19 Loan   1 College Center Abella NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 9, 86, 87, 88, 89, 90, 91 1 12800 Culver Boulevard NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 92, 93, 94, 95 1 Irvine Executive Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 96, 97 1 1124-1126 Third Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 98, 99, 100 2 Stockton & Nostrand NAP NAP NAP NAP NAP NAP NAP NAP NAP
23.01 Property   1 Stockton NAP NAP NAP NAP NAP NAP NAP NAP NAP
23.02 Property   1 Nostrand NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 101, 102, 103 1 688-690 9th Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 104, 105, 106, 107, 108 1 19881 Cajon Boulevard NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Cityline Added Space Self Storage Memorial Parkway NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 Cityline Safe Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 CityLine Added Space Self Storage Sparkman NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-24 

 

Footnotes to Annex A
   
   
(1) The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.
   
(2) The Monthly Debt Service (P&I)($) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. 
   
(3) The open period is inclusive of the Maturity Date or Anticipated Repayment Date.
   
(4) Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) are calculated based on amortizing debt service payments (except for interest-only loans).
   
(5) Leased Occupancy (%) includes tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
(6) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. See “Description of the Mortgage Pool—Tenant Issues” in the Preliminary Prospectus for certain examples of the foregoing.
   
(7) Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his or her delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.
   
(8) If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.
   
(9) The Cut-off Date Balance ($) reflects only the Mortgage Loan included in the Issuing Entity (which may be evidenced by one or more promissory notes); however, such Mortgage Loan is part of a whole loan comprised of such Mortgage Loan and one or more Pari Passu Companion Loan(s) and/or Subordinate Companion Loan(s) that are held outside the Issuing Entity, each of which is evidenced by one or more separate promissory notes.  With respect to each such Mortgage Loan that is part of a whole loan, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan Per Unit ($) calculations include any related Pari Passu Companion Loan(s) but exclude any related Subordinate Companion Loan(s).  See “Description of the Mortgage Pool—The Whole Loans” in the Preliminary Prospectus for additional information regarding the whole loan(s).
   

 

 A-25 

 

(10) The borrower is required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as defined herein) and (ii) the amount of deposit if any then required by the franchisor on account under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of four percent (4%) of the greater of (a) the annual gross revenues for the hotel related operations at the Warwick New York mortgaged property for the immediately preceding calendar year as reasonably determined by the lender and (b) the projected annual gross revenues for the hotel related operations for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget, or where no approved annual budget exists as of the date of determination, the amount of the FF&E Payment will be determined by the lender in its reasonable discretion. The initial monthly FF&E Payment was determined to be approximately $152,424.
   
(11) The borrower is required to deposit into a seasonal reserve (“Seasonal Reserve”), an amount equal to 90% of the excess cash flow generated by the property for the immediately preceding interest accrual period, for the purpose of creating a reserve for shortfalls during seasonal periods when the gross revenue of the property may be reduced. Notwithstanding the foregoing, any amounts that would be deposited by the borrower into the Seasonal Reserve that would cause the funds then on deposit in such account to exceed $1,100,000 must instead be deposited into the excess cash flow account.
   
(12) The defeasance lockout period will be at least 25 payment dates beginning with and including the first payment date on November 6, 2023. Defeasance of the Overlook at Ballantyne Whole Loan, in whole, but not in part, is permitted at any time after the earlier of (i) the third anniversary of the origination date (which will occur on September 13, 2026) and (ii) two years from the “startup day” of the REMIC which holds the portion of the Overlook at Ballantyne Whole Loan last contributed to a securitization. In addition, on any business day on and after October 6, 2025, voluntary prepayment of the Overlook at Ballantyne Whole Loan is permitted in whole, but not in part, together with, if such voluntary prepayment occurs prior to the monthly payment date in January 2028, a prepayment fee equal to the greater of (x) 1.00% of the principal amount of the Overlook at Ballantyne Whole Loan being prepaid and (y) a yield maintenance premium. The assumed defeasance lockout period of 25 payment dates is based on the expected Benchmark 2023-V4 securitization cut-off date in November 2023.   
   
(13) Historical cash flows are not available, as the mortgaged property was built in 2020 and was still leasing up in 2021 and 2022.
   
(14) The Third Largest Tenant, Compass North, representing 2.5% of the total net rentable square footage, subleases 7,935 square feet (representing 100% of its space) to Waste Connections of North Carolina, Inc. as of June 8, 2023. The sublease is scheduled to expire on June 30, 2025.
   
(15) A Grace Period - Late Fee of five days is permitted once during any 12-month period.
   
(16) The Prime Storage Portfolio #3 whole loan is comprised of four pari passu senior promissory notes in the aggregate original principal amount of $405,870,000, which was originated on June 28, 2023 by CREFI with an interest rate of 6.39000% and one subordinate promissory Note B in the original principal amount of $64,130,000 , which was originated on June 28, 2023 by CREFI with an interest rate of 6.39000%.
   
(17) Concurrently with the funding of the Prime Storage Portfolio #3 whole loan, Carbon Capital VII LLC, originated a mezzanine A loan in the amount of $50,000,000 secured by the mezzanine A borrower’s interests in the borrowers under the Prime Storage Portfolio #3 whole loan, as collateral for the mezzanine A loan (the “Mezzanine A Loan”). The Mezzanine A Loan is coterminous with the Prime Storage Portfolio #3 whole loan. The Mezzanine A Loan accrues interest at a rate of 9.00000% per annum and requires interest-only payments until its maturity date. Concurrently with the funding of the Prime Storage Portfolio #3 whole loan, Citigroup Global Markets Realty Corp., originated a mezzanine B loan in the amount of $70,000,000 secured by the mezzanine B borrower’s interests in the borrowers, as collateral for the mezzanine B loan (the “Mezzanine B Loan”). The Mezzanine B Loan is coterminous with the Prime Storage Portfolio #3 whole loan. The Mezzanine B Loan accrues interest at a rate of 10.50000% per annum and requires interest-only payments until its maturity date. 

 

 A-26 

 

(18) After the earlier to occur of (i) June 28, 2026 and (ii) two years from the date of the securitization of the last portion of the Prime Storage Portfolio whole loan, and prior to January 6, 2028, the borrowers may defease all or a portion of the Prime Storage Portfolio #3 whole loan and obtain the release of a property in connection with certain sales of such property or certain transfers of such property, provided that (i) in connection with a partial defeasance, the Prime Storage Portfolio #3 whole loan is partially defeased in an amount equal to the greater of (a) 120% of the allocated mortgage loan amount with respect to such individual property and (b) mortgage lender’s allocation of 100% of the net sales proceeds applicable to such individual property (and the Prime Storage Portfolio #3 mezzanine loans are prepaid in amount equal to the release price under the mezzanine loan documents), (ii) the DSCR with respect to the remaining properties is equal to or greater than the greater of (a) the DSCR immediately preceding such partial release and (b) 1.05x and (iii) the Borrowers have delivered a REMIC opinion, and paid all of mortgage lender’s reasonable costs and expenses in connection with such defeasance. On and after January 6, 2028, borrowers may sell or dispose of one or more individual properties upon satisfying certain conditions under the Prime Storage Portfolio #3 whole loan documents.
   
(19) The Appraised Value represents the portfolio appraised value of $790,800,000, prepared by the appraiser, which is inclusive of an approximately 5.8% portfolio premium and reflects the “as-is” value of the mortgaged properties as a whole if sold in their entirety to a single buyer.
   
(20) On October 19, 2023, QFP II, LP. originated a mezzanine loan in the amount of $7,000,000 secured by the mezzanine borrower’s equity interests in the Scottsdale Gilbert Retail Portfolio whole loan borrower. Such mezzanine loan accrues interest at a rate of 13.00000% per annum and is coterminous with the Scottsdale Gilbert Retail Portfolio whole loan. An intercreditor agreement between the lender under the Scottsdale Gilbert Retail Portfolio whole loan and the lender under such mezzanine loan was executed simultaneously with the origination of such mezzanine loan.
   
(21) The Appraised Value of $143,450,000 represents the prospective market value upon stabilization of both the Gilbert Gateway Towne Center and the Scottsdale Towne Center mortgaged properties based on the assumptions that, with respect to the Gilbert Gateway Towne Center mortgaged property, the tenant improvements for Einstein Bros Bagels and The Great Greek Mediterranean are completed by December 2023 and rent payments begin January 1, 2024 pursuant to such tenants’ respective leases and, with respect to the Scottsdale Town Center mortgaged property, all leasing and tenant improvement costs are paid for Mountainside Fitness. Based on the "as-is" value of $133,590,000, the Cut-off Date LTV and Maturity Date LTV are 60.6%.
   
(22) The Largest Tenant at the Scottsdale Towne Center mortgaged property, Mountainside Fitness, representing approximately 29.9% of the net rentable square footage, is expected to take occupancy in April 2024.
   
(23) The borrowers are required to deposit on each monthly payment date beginning in November 2024, an amount equal to $27,004.25 into the tenant improvements and leasing commissions reserve account; provided, however, that the borrowers will have no obligation to make such monthly payment if the reserve fund equals or exceeds $648,102. The upfront tenant improvements and leasing commissions reserve deposit of $1,250,000 paid at closing is excluded from the calculation.
   
(24) The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to seven new leases commencing in 2023/2024 that account for $1,555,535 of underwritten base rent. This includes leases executed by Mountainside Fitness, The Great Greek Mediterranean and Einstein Bros Bagels, which have not yet taken occupancy.
   
(25) The mortgage loan is part of a Whole Loan that was co-originated by JPMCB, Barclays Capital Real Estate Inc. and Wells Fargo Bank, National Association. JPMCB will be contributing Note A-2, Note A-5 and Note A-8 with an aggregate Cut-off Date Balance of $50,000,000 to the Benchmark 2023-V4 securitization. 
   
(26) The Underwritten EGI ($) at the Philadelphia Marriott Downtown Property is comprised of four components: rooms (64.9% of underwritten revenue), food and beverage ("F&B") (30.2% of underwritten revenue), other operated departments (2.0% of underwritten revenue) and miscellaneous income (2.9% of underwritten revenue).

 

 A-27 

 

(27) The increase from the Most Recent NOI to the Underwritten NOI is primarily attributable to increases in room revenue and F&B revenue following the impact of the COVID-19 pandemic in 2020 and 2021. Historical performance was largely impacted by the COVID-19 pandemic, during which the Philadelphia Marriott Downtown Property was closed from April 10, 2020 through May 27, 2021 and underwent extensive renovations including renovation of 1,408 guestrooms.
   
(28) The lockout period is required to be at least 24 payments beginning with and including the first payment date of December 6, 2023. After the earlier of (x) the date that is two years from the closing date of the securitization that includes the last note of the Philadelphia Marriott Downtown Whole Loan to be securitized and (y) October 25, 2026 (the “Lockout Expiration Date”), which is the date that is three years from the origination date of the Philadelphia Marriott Downtown Whole Loan, the borrowers may prepay the Philadelphia Marriott Downtown Whole Loan at any time in whole (but not in part), subject to payment of the yield maintenance premium if such prepayment occurs before May 6, 2028 (the “Permitted Prepayment Date”). In addition, the borrowers may defease the Philadelphia Marriott Downtown Whole Loan in whole (but not in part) after the Lockout Expiration Date and prior to the Permitted Prepayment Date. The assumed lockout period of 24 months is based on the expected closing date of the Benchmark 2023-V4 securitization in November 2023. The actual lockout period may be longer.
   
(29) The related whole loan documents permit future mezzanine debt secured by a pledge of direct equity interests in the borrowers and operating lessee subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio, as calculated in accordance with the Philadelphia Marriott Downtown Whole Loan documents, may not exceed 54.9%, (y) the combined net operating income debt yield, as calculated in accordance with the Philadelphia Marriott Downtown Whole Loan documents, is at least 13.2% and (z) the combined net operating income debt service coverage ratio, as calculated in accordance with the Philadelphia Marriott Downtown Whole Loan documents, is at least 1.50x and (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and satisfactory to the rating agencies.
   
(30) Each of the two related borrowers has entered into an operating lease (each, an “Operating Lease”) with CCMH Philadelphia Mkt. LLC (the “Operating Lessee”), an affiliate of the borrowers. The Operating Lessee (i) is a party to the related mortgage and grants the lender a first priority security interest in the leasehold interest created by each Operating Lease, and (ii) has caused both of its members to pledge their respective membership interests in the Operating Lessee in favor of the lender. All cash generated at the Philadelphia Marriott Downtown  Property will flow from the manager (the “Manager”) under the related management agreement between the Manager and the borrowers, to the Operating Lessee, who will deposit all revenue into a restricted account pledged to the lender. Each Operating Lease expires in December 2034 if all renewal periods are exercised. See “Description of the Mortgage Pool–Tenant Issues–Affiliated Leases and Master Leases” in the Prospectus.
   
(31) In connection with each Operating Lease, each borrower conveyed certain working capital to the Operating Lessee with the aggregate outstanding balance as of the origination date of the Philadelphia Marriott Downtown Whole Loan of $2,939,385 (the “Working Capital Loan”) in the form of a loan, with respect to which the Operating Lessee executed a promissory note in favor of each borrower. The Working Capital Loan is subordinate to the Philadelphia Marriott Downtown whole loan. In addition, there currently exist seven intercompany loans  among various affiliates of the related borrowers, ranging in amount from $100,454 to $93,956,182 (collectively, the “Intercompany Loans”) and three of which involve one of the two related borrowers under the Philadelphia Marriott Downtown Whole Loan, Philadelphia Market Street HMC Hotel Limited Partnership, as the borrower, ranging in amount from $100,454 to $89,303,566. Each of the Intercompany Loans is subordinate to the Philadelphia Marriott Downtown Whole Loan. None of the Intercompany Loans is secured by any collateral and all enforcement actions require the prior written consent of the lender (or the Philadelphia Marriott Downtown Whole Loan must be indefeasibly paid in full) in accordance with a subordination and standstill agreement. See “Description of the Mortgage Pool–Additional Indebtedness–Permitted Unsecured Debt and Other Debt” in the Prospectus.

 

 A-28 

 

(32) Certain affiliates of the related borrower sponsors (collectively, the “Preferred Equity Investor”) hold preferred equity interests in one of the related borrowers, Philadelphia Market Street HMC Hotel Limited Partnership, in connection with an aggregate of $23.0 million capital contribution in such borrower.  The Preferred Equity Investor is entitled to a preferred annual rate of return in an amount equal to 12% of cash distributions, payable when any distributions are made under the related operating agreement. The preferred equity investment does not have a fixed redemption period, and the related operating agreement does not provide the Preferred Equity Investor with any remedies in the event of a default under the preferred equity arrangement.  See “Description of the Mortgage Pool–Additional Indebtedness–Preferred Equity and Preferred Return Arrangements” in the Prospectus.
   
(33) The Mortgaged Property is substantially owned in fee by the borrowers. However, (i) a skybridge (the “Bridge”) connecting the main building of the Philadelphia Marriott Downtown Property and the Pennsylvania Convention Center and (ii) a parcel of land, which allows for an overhang and partial driveway at one of the entrances to the Mortgaged Property (the “Tunnel”), are subject to certain sub-ground leases, each with a nominal annual rent due. The sub-ground leases are between one of the two related borrowers, Philadelphia Market Street HMC Hotel Limited Partnership, as the subtenant, and the Redevelopment Authority of the City of Philadelphia (“RDA” or “Sublandlord”), which in turn leases the same premises from the City of Philadelphia, as the landlord. The Bridge sublease is also subject to a reciprocal easement agreement with the Pennsylvania Convention Center Authority with respect to maintenance of such Bridge. See “Description of the Mortgage Pool–Statistical Characteristics of the Mortgage Loans–Leasehold Interests” in the Prospectus.
   
(34) The Mortgage Loan Documents provide that, in the event that a cash sweep period is continuing solely as a result of the debt service coverage ratio for the Philadelphia Marriott Downtown Whole Loan being less than 1.20x, the related borrowers may prepay the Philadelphia Marriott Downtown Whole Loan in an amount sufficient such that the debt service coverage ratio for the Philadelphia Marriott Downtown Whole Loan is equal to or greater than 1.20x, in which case, such cash sweep period will immediately cease.
   
(35) The Mortgage Loan Documents are structured with a soft lockbox, pursuant to which all cash generated at the related Mortgaged Property which the borrowers and operating lessee are entitled to receive pursuant to the related management agreement is required to be deposited to the lockbox account by the related property manager within one business day after the borrowers or operating lessee are entitled to distributions thereto so long as the following conditions are satisfied: (i) the related Mortgaged Property is managed by the hotel manager under the management agreement as in effect as of the origination of the Mortgage Loan; (ii) such management agreement remains in full force and effect; and (iii) such hotel manager is maintaining the cash management system and FF&E reserves as set forth in the management agreement (collectively, the “Qualified Hotel Management Condition”). However, if the Qualified Hotel Management Condition is not satisfied, the borrowers and operating lessee are required to, or cause the property manager to, (i) deposit all gross revenue and all forfeited security deposits into the lockbox account within one business day of receipt thereof, and (ii) send direction letters to (x) all tenants then occupying space at the Mortgaged Property instructing them to pay all rent and other sums due under the related leases directly into the lockbox account and (y) each applicable credit card company and credit card clearing bank instructing them to deliver all receipts payable with respect to the Mortgaged Property directly to the lockbox account.
   
(36) The mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Wells Fargo Bank, National Association.
   
(37) Defeasance of the Merit Hill Self Storage whole loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last portion of the Merit Hill Self Storage whole loan to be securitized and (b) September 22, 2026. The assumed defeasance lockout period of 25 payments is based on the closing date of the Benchmark 2023-V4 securitization trust in November 2023. The actual lockout period may be longer.

 

 A-29 

 

(38) Provided that no event of default is continuing, (I) at any time after the earlier of (x) September 22, 2026 and (y) the date that is two years after the closing date of the securitization that includes the last note to be securitized, the borrowers may deliver defeasance collateral and obtain release of one or more individual Mortgaged Properties, and (II) at any time on or after the monthly payment date occurring in October 2025, the borrowers may partially prepay the Merit Hill Self Storage Whole Loan and obtain release of one or more individual Mortgaged Properties, in each case, provided that, among other conditions, (i) the borrowers (A) prepay (x) 110% of the allocated loan amount of such Mortgaged Property or Mortgaged Properties until such time as the outstanding principal balance of the Merit Hill Self Storage Whole Loan is equal to or greater than $68,000,000, and (y) 115% of the allocated loan amount of such Mortgaged Property or Mortgaged Properties at such time as the outstanding principal balance of the Merit Hill Self Storage Whole Loan is less than $68,000,000 (such total product, the “Merit Hill Adjusted Release Amount”) and pay any applicable yield maintenance premiums or (B) deliver defeasance collateral to the lender in an amount equal to the Merit Hill Adjusted Release Amount, in each case, in accordance with the Merit Hill Self Storage Whole Loan documents, (ii) after giving effect to such release, the debt yield for the remaining Mortgaged Properties is equal to or greater than the greater of (a) 8.55% and (b) the debt yield immediately prior to such release (such greater amount, the “Merit Hill Release Debt Yield”); provided that in the event the debt yield does not equal or exceed the Merit Hill Release Debt Yield, the borrowers are permitted to release the individual Mortgaged Property and the amount required to be prepaid or defeased, as applicable, in connection with such release will equal the greater of (x) the Merit Hill Adjusted Release Amount for the applicable individual Mortgaged Property and (y) an amount necessary to achieve the Merit Hill Release Debt Yield; provided, further, that, for purposes of this clause (y), if the individual Mortgaged Property is being sold to a third party unaffiliated with the borrowers on arm’s length market terms, then, if after giving effect to such sale and release, and application of Merit Hill Net Sales Proceeds (as defined below), the borrowers do not satisfy clause (b) of the definition of “Merit Hill Release Debt Yield” but satisfy clause (a) of such definition, then the amount to be paid described in this clause (y) will be 100% of the gross sales proceeds for such individual Mortgaged Property (net of actual closing costs incurred in connection with such sale (but only to the extent the same are arm’s length, market terms closing costs and are not paid to affiliates of the borrowers) (the “Merit Hill Net Sales Proceeds”), (iii) satisfaction of customary REMIC requirements and (iv) the borrowers reimburse the lender and servicer, if any, for any reasonable out-of-pocket, third-party costs and expenses of the lender and servicer arising from such release (including reasonable attorneys’ fees and expenses not to exceed (x) $10,000.00 with respect to the coordinated release (simultaneously or on or about the same date) of between one and four individual Mortgaged Properties and (y) $20,000.00 with respect to the coordinated release (simultaneously or on or about the same date) of five (5) or more individual Mortgaged Properties) in accordance with the terms of the related loan agreement.
   
(39) Provided no event of default exists, the borrowers may obtain the release of unimproved non-income producing land located at individual Mortgaged Properties (each a “Release Parcel”) (provided that no value was attributed to such Release Parcel in the appraisal delivered to the lender as of the loan origination date) upon satisfaction of certain conditions, including, but not limited to, (i) the remaining property constitutes a separate tax lot (or the borrowers have filed an application for a separate tax lot and the transferee and transferor borrower have otherwise entered into a property tax allocation agreement which has the same economic effect of a tax lot subdivision), (ii) the borrowers certify to the lender that the remaining property with all easements appurtenant and other permitted encumbrances thereto will not be in violation of any leases and any then applicable legal requirements or material covenants and restrictions of record and (iii) satisfaction of any REMIC release conditions. The borrowers may also (a) transfer immaterial portions of individual Mortgaged Properties, including, without limitation, to governmental authorities for dedication or public use or in connection with a condemnation proceeding, or to third parties for private use as roadways or for access, ingress or egress, or (b) grant easements, restrictions, covenants, reservations and rights of way in the ordinary course of business for use, access and utilities, provided that no such grant, conveyance or encumbrance has a material adverse effect.
   
(40) The Appraised Value ($) represents the portfolio appraised value, which is inclusive of an approximately 4.8% portfolio premium and reflects the “as-is” value of the mortgaged properties as a whole if sold in their entirety to a single buyer. 

 

 A-30 

 

(41) The Fourth Largest Tenant, Big Fish Games, Inc, representing approximately 4.3% of net rentable area, subleases approximately 20,977 SF to East Bay Energy. The East Bay Energy sublease expiration date is coterminous with the lease expiration date of March 31, 2025, however, East Bay Energy executed a seven-year, seven-month direct lease for the same suite, which will commence on April 1, 2025 at an initial base rent of $64.00 PSF. Underwritten base rent is based on the contractual sublease rate, inclusive of rent steps through October 2024.
   
(42) On each payment date following the date that the amount contained in the TI/LC reserve account is less than $2,500,000, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $81,833 until the amounts on deposit in the TI/LC reserve account are equal to or greater than $5,000,000.
   
(43) There is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower.
   
(44) The 656 East 133rd Street mortgage property benefits from a Commercial Expansion Program real estate tax abatement of $150,000 annually through February 2032 of which 50% is shared with WDF, Inc. and is applied as a reduction in rent.  
   
(45) The monthly deposits into the real estate tax reserve account will be suspended if (i) no trigger period has occurred and is continuing, (ii) an approved net lease is in full force and effect and has not expired or terminated, (iii) such approved net lease requires that the approved net tenant pay all real estate taxes with respect to the property, (iv) the approved net tenant is timely paying all real estate taxes, and (v) the borrower delivers to the lender evidence of timely payment of all of the real estate taxes. As of the loan origination date, the lease of the sole tenant, Phoenix Newspapers, Inc.’s lease, which is guaranteed by a parent entity, Gannett Co., Inc., does not satisfy the conditions provided in clause (iii) above, therefore the borrower is required to deposit an amount equal to one-twelfth of the real estate taxes that the lender estimates will be payable during the ensuing 12 months (initially $26,800.17), in order to accumulate sufficient funds to pay all real estate taxes at least 30 days prior to their respective due dates. 
   
(46) Historical cash flows are not available as the loan proceeds were used by the borrower sponsor to acquire the mortgaged property from the sole tenant in a sale leaseback transaction, and accordingly no historical financial information was available in connection with such acquisition.
   
(47) On each monthly payment date, the borrower is required to deposit into a TI/LC reserve an amount equal to $5,625; provided that such deposit is not required while the Home Depot sublease is in full force and effect. In addition, if an eligible sublease with an investment grade tenant is in effect,  the monthly deposit will be reduced by a pro rata amount based on the square footage of the premises demised under  any such eligible leases and the gross leasable square footage of the Mortgaged Property.
   
(48) On each monthly payment date, the borrower is required to deposit into a capital expenditure reserve an amount equal to $1,125; provided that such deposit will not be required so long as the following conditions remain satisfied: (x) for so long as the Home Depot sublease is in full force and effect, (i) Home Depot is expressly obligated to directly make and pay for all capital expenditures as required under the Home Depot sublease and (ii) the borrower enforces such obligations to be performed by Home Depot under the Home Depot sublease in a commercially reasonable manner; and (y) at all other times, (i) no event of default has occurred and is continuing, (ii) such critical tenant is an investment grade tenant, (iii) such critical tenant is expressly obligated to directly make and pay for all capital expenditures as required under the critical tenant lease, (iv) the applicable critical tenant lease is in full force and effect, (v) such critical tenant makes (or causes to be made) and pays (or causes to be paid) for all such capital expenditures within the timeframe set forth in the applicable critical tenant lease, (vi) the borrower provides (or causes to be provided) to the lender evidence that the capital expenditures have been performed and all costs associated with such capital expenditures have been paid, and (vii) no cash sweep event period by reason of a critical tenant trigger event has occurred and is continuing.

 

 A-31 

 

(49) The related Ground Lease has an initial term of 20 years, expiring on October 31, 2027, with five, 10-year renewal options through October 31, 2077.
   
(50) A Grace Period - Late Fee of five days is permitted twice during any 12-month period.
   
(51) The Appraised Value ($) represents the “prospective market value upon completion” appraised value which assumes the mortgaged property’s hotel room count is 166 keys. As of the June 14, 2023 appraisal valuation date, the mortgaged property’s hotel room count was 165 keys, but the former staff apartment was in the process of being converted into a one-bedroom suite. Upon completion, which was anticipated in the appraisal to be by September 30, 2023, the hotel’s guestroom count will increase by one to 166 rooms. At loan closing, the borrower deposited $32,500 in an upfront immediate repairs reserve. $20,000 of the immediate repairs reserve was attributed to the room conversion, which was equal to the engineering consultant’s estimated cost to complete the renovation. Based on the expected Benchmark 2023-V4 securitization closing date in November 2023, the repositioning has not been completed, and the mortgaged property’s hotel room count is still 165 keys. The “as-is” appraised value of the mortgaged property as of June 14, 2023, is $38,100,000. 
   
(52) Based on the “as is” Appraised Value ($) of $38,100,000, which was based on the hotel's guest room count of 165 keys as of June 14, 2023, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are each 55.1%. 
   
(53) The borrower is required to deposit an amount equal to the greatest of (i) 4.0% of the projected gross revenue for the mortgaged property for the prior month as set forth in the most recent approved annual budget (provided, that, to the extent the lender determines that actual gross revenue is materially in excess of such projections, the lender has the option to increase the amount to match actual gross revenue), (ii) the then-current amount for a furniture, fixtures and equipment (“FF&E”) reserve required by the property management agreement and (iii) the then-current amount required by the franchise agreement for approved capital expenditures and the repair and replacement of the FF&E.
   
(54) The borrower deposited $76,500 into a seasonal working capital reserve on the origination date and is required to deposit $38,250 into such reserve during the calendar months of October and November during the 2023 calendar year. Every August, September, October, and November during the remaining term of the loan, the borrower is required to deposit into the seasonal working capital reserve an amount equal to the lesser of: (A) $38,250 and (B) 1/4th of the positive difference determined by subtracting: (x) the aggregate gross revenue (excluding extraordinary income) received with respect to mortgaged property during the month of December in the immediately preceding calendar year and the month of January in the then-current calendar year from (y) without duplication, the aggregate of all operating expenses, debt service, deposits to the reserve funds and other amounts payable pursuant the loan documents during the month of December in the immediately preceding calendar year and the month of January in the then-current calendar year. The lender is required to disburse available funds in such account during the months of January and February to the extent that the lender has determined in its reasonable discretion that there are insufficient funds in the cash management account (or if a trigger period is not in effect, that there are insufficient funds generated by the mortgaged property) to make required monthly payments during such months.
   
(55) The borrower has the right to deposit with the lender $566,470.11 in cash to avoid or terminate a cash management trigger event caused by the mortgaged property achieving a debt service coverage ratio below 1.35x on the last day of any calendar quarter.  If such deposit is made, the lender must transfer the deposit into an account (the “Low DSCR Cure Deposit Account”). Funds in the Low DSCR Cure Deposit Account not previously disbursed or applied must be disbursed to the borrower if either (i) the borrower deposits with the lender a letter of credit in lieu of such cash funds, or (ii) the mortgaged property has achieved (without taking into account any funds in such account or letters of credit deposited for such purpose), a debt service coverage ratio of at least 1.35x for two consecutive calendar quarters.

 

 A-32 

 

(56) Provided that no event of default is continuing, the borrower may obtain release of an outparcel on which the Verizon store is currently situated from the lien of the Mortgage Loan in connection with a bona fide third party sale of such parcel to an unaffiliated third party (and neither the borrower sponsor, guarantor or an affiliate of the foregoing will be entitled to re-acquire such outparcel so long as the Mortgage Loan remains outstanding) by defeasing or partially prepaying (along with any applicable yield maintenance premium, if any) a portion of the Mortgage Loan equal to the greater of (i) $1,152,436 or (ii) 68.0% of the sale price. Additionally, the borrower may release a 2.337 acre undeveloped outparcel to (1) an affiliate of the borrower at $986,773, or (2) to an unaffiliated third party in connection with the sale of such outparcel by defeasing or partially prepaying (along with any applicable yield maintenance premium, if any) a portion of the Mortgage Loan equal to the greater of (i) $986,773 or (ii) 68.0% of the sale price. The release of either outparcel and associated release price will be subject to (A) the debt yield after giving effect to such release being at least the greater of (x) 11.28% and (y) the debt yield immediately prior to such sale/release, (B) the debt service coverage ratio after giving effect to such release being at least the greater of (x) 1.36x and (y) the debt service coverage ratio immediately prior to such sale/release, (C) satisfaction of customary REMIC requirements and (D) the borrower reimburses the lender for any reasonable out-of-pocket, third-party costs and expenses of the lender arising from such release (including reasonable attorneys’ fees and expenses and costs) in accordance with the terms of the related loan agreement.
   
(57) On each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $500,000, the borrower is required to deposit into the TI/LC reserve account a monthly TI/LC Reserve ($) amount equal to $12,500.
   
(58) The mortgage loan is part of a whole loan that was co-originated by Bank of America, N.A., Barclays Capital Real Estate Inc. and JPMorgan Chase Bank, National Association.
   
(59) The Largest Tenant, Price Water House Coopers LLP, subleases the 23rd floor (23,037 square feet of its 138,413 square feet) coterminous with its lease and the Fourth Largest Tenant, Pond Lehocky Giordano Disability, subleases 15,838 square feet of its 66,315 square feet through January 31, 2026.
   
(60) Upfront Other Reserve ($) is the aggregate of $9,200,744 for outstanding tenant improvement allowances and outstanding leasing commissions, and $1,912,160 for outstanding free rent and gap rent obligations.
   
(61) During a trigger period, the borrowers are required to deposit monthly replacement reserves equal to approximately $39,503. During the continuance of a trigger period, the borrowers will be required to deposit $237,018 on a monthly basis to the TI/LC Reserve. Additionally, when (i) the balance of the TI/LC Reserves is less than $15,000,000 and (ii) the TI/LC Reserve occupancy falls below 85%, the whole loan documents will require a cash sweep until the balance returns to $25,000,000. Further, the non-recourse carveout guarantor has provided a guaranty for an additional $20,000,000 to the TI/LC Reserves, which guaranty will be reduced by any amounts contributed to the TI/LC Reserve after the loan origination date.  
   
(62) The Second Largest Tenant, Fox Rothschild, has the option to contract one floor of its space on November 30, 2032, with a notice no later than November 30, 2031. Fox Rothschild has an option to terminate its space on November 30, 2035, with notice no later than November 30, 2034 along with payment of a termination fee. The Third Largest Tenant, Stradley, Ronon, Stevens & Young, LLP, has a termination right for all of its leased space with notice by February 1, 2029 and payment of a termination fee, which if exercised would be effective January 31, 2031.  The Fifth Largest Tenant, Wolters Kluwer Health, Inc., has a termination right on March 31, 2026 with notice by September 30, 2024 and payment of a termination fee. 
   
(63) There is no separate environmental indemnitor with respect to the whole loan.
   
(64) Straight-lined rent of $252,142 was underwritten for six tenants, totaling 153,115 square feet.  
   
(65) At origination, the borrower deposited a letter of credit in the amount of $25,000,000 as an upfront general TI/LC reserve.
   
(66) Occupancy and Underwritten Occupancy excludes 16,613 SF of ground level retail space that is 100% leased by the related borrower to HKW Retail LLC under a ground lease that expires on July 1, 2037.
   

 A-33 

 

(67) The related Mortgaged Property is subject to a PILOT program as a participant in the redevelopment project for downtown Winooski, Vermont, where the Mortgaged Property is located. The current PILOT agreement has a three-year term that expires in 2026. The borrower is required to pay an annual amount of $270,029 in year one (2023-2024), with an annual increase of 3% until the expiration of the program. According to the appraisal, real estate taxes are not anticipated to change dramatically upon expiration of the related PILOT program. The taxes were underwritten based on the actual in-place tax payments.
   
(68) The related Mortgaged Property is subject to three residential master leases, which collectively account for for 92 beds. The residential master leases provide for a monthly rental rate of $1,050 per bed and are effective through the 2025-2026 academic year if all renewals are exercised. The Mortgaged Property is also subject to a retail master lease, governing the lease terms for the 16,613-square foot retail space on the ground floor of the Mortgaged Property. The retail master lease has an annual rental rate of $37,937 and expires in July 2037. See “Description of the Mortgage Pool–Tenant Issues–Affiliated Leases and Master Leases” in the Prospectus.
   
(69) The mortgage loan is part of a whole loan that was co-originated by Bank of Montreal and Citi Real Estate Funding Inc.
   
(70) The Harborside 2-3 whole loan is structured with a $55,000,000 mezzanine loan (the “Harborside 2-3 Mezzanine Loan”) that accrues interest at (i) a rate per annum equal to 7.00% to be paid as part of each payment of the mezzanine monthly debt service payment amount resulting in a mezzanine monthly debt service payment amount of $325,289.35 and (ii) a rate per annum equal to 3.5% that accrues through the term of the Harborside 2-3 Mezzanine Loan and is scheduled to be due and payable on the maturity date resulting in a monthly debt service accrual amount of $162,644.68. The Mezzanine Debt Interest Rate (%), Total Debt Monthly Debt Service ($), Total Debt Underwritten NOI DSCR (x) and Total Debt Underwritten NCF DSCR (x) are based on an aggregate Harborside 2-3 Mezzanine Loan interest rate of 10.5% per annum.
   
(71) In addition to the interest accruing on the outstanding principal balance of the Harborside 2-3 Mezzanine Loan at a rate of 7.0000% per annum to be paid as part of each monthly debt service payment amount and an additional 3.5000% per annum that accrues through the term of the Harborside 2-3 Mezzanine Loan and is scheduled to be due and payable on the maturity date, the outstanding principal balance of the Harborside 2-3 Mezzanine Loan will accrue PIK interest at a rate of 2.29% per annum (the “PIK Interest”). The PIK Interest will be due and payable together with each mezzanine monthly debt service payment amount if either of the following conditions are not satisfied as of April 6, 2028: (i) the PIK Leasing Condition (as defined below) or (ii) if the Harborside 2-3 Mezzanine Loan is not prepaid in full. If the PIK Leasing Condition has not been satisfied as of April 6, 2028 or the Harborside 2-3 Mezzanine Loan has not been prepaid in full prior to such date, then all accrued PIK Interest will automatically be converted and added to the outstanding principal balance of the Harborside 2-3 Mezzanine Loan as of such date, and become immediately due and payable by the borrowers to the lender together with all other outstanding principal. The "PIK Leasing Condition" means delivery by the borrowers of evidence reasonably satisfactory to the lender that 75% of the aggregate rentable square feet of the Harborside 2-3 Mortgaged Property and the neighboring Harborside 1 property is leased and occupied by tenants under leases satisfying the requirements set forth in their respective loan documents.
   
(72) The borrowers are permitted to obtain mezzanine financing in connection with the assumption of the Harborside 2-3 mortgage loan, provided that the Harborside 2-3 Mezzanine Loan is repaid simultaneously with such assumption. Future mezzanine debt is permitted subject to certain conditions, including, without limitation: (i) no event of default is continuing; (ii) the mezzanine loan is made by a lender reasonably acceptable to the mortgage lender and acceptable to the applicable rating agencies; (iii) the only collateral for such mezzanine loan is the direct equity interest in (x) the mortgage borrower and (y) the equity interest in the sole member entity holding the liquor license for the operation of the property (note:  the Harborside 2-3 whole loan is secured, in part, by a pledge of the direct equity interest in the holder of the liquor license); (iv) the mezzanine loan documents are reasonably satisfactory to the mortgage lender; (v) the mezzanine loan is non-recourse except for non-recourse carveouts substantially similar to those of the mortgage loan; (vi) the mezzanine lender enters into an intercreditor agreement reasonably acceptable to the mortgage lender and acceptable to the rating agencies; (vii) the mezzanine loan has a fixed rate of interest or a floating rate subject to delivery of an interest rate cap agreement; (viii) the maturity date of the mezzanine loan is not earlier than the maturity date of the Harborside 2-3 whole loan; (ix) the borrowers deliver a rating agency confirmation; (x) the loan-to-value ratio (inclusive of the mezzanine loan) shall not exceed 75.0%; (xi) the DSCR (the Harborside 2-3 whole loan only) as of the date of closing of the mezzanine loan is at least 1.81x; and (xii) the DSCR (inclusive of the mezzanine loan) as of the date of closing of the mezzanine loan is at least 1.25x.
   

 A-34 

 

(73) The Harborside 2-3 whole loan is structured with a $19,000,000 preferred equity investment made by NongHyup Bank, in its capacity as Trustee of Milestone Harbor East Private Investment Trust. The preferred equity investment is made in an entity (the “Pref JV”) that is the indirect owner of one of the two tenant-in-common borrowers of the Harborside 2-3 whole loan and one of the two tenant-in-common owners of the neighboring Harborside 1 property. The preferred equity investment will be repaid only from net cash distributions to the Pref JV from capital transactions with respect to the Harborside 1 property and/or the Harborside 2-3 Mortgaged Property.
   
(74) The TI/LC Reserve Cap is equal to $15,000,000. On each monthly payment date that the amount in the tenant improvements and leasing commissions reserve account is less than $10,000,000, the borrowers are required to deposit into the tenant improvements and leasing commissions reserve account an amount equal to approximately $133,252.
   
(75) The borrowers own the related Mortgaged Property as tenants-in-common.
   
(76) The Third Largest Tenant, Collectors Universe, representing approximately 8.2% of the net rentable area, is in a free rent period through November 28, 2023.
   
(77) Other Sources ($) consists of a Sea Wall credit of $27,610,000, tenant improvement and rent credits of approximately $12,104,859, a rate buydown credit of $6,250,000, and approximately $3,668,609 in other miscellaneous credits.   
   
(78) The borrower is required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as hereinafter defined) and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of four percent (4%) of the greater of (a) the annual gross revenues for the hotel related operations at the Mortgaged Property for the immediately preceding calendar year as reasonably determined by the lender and (b) the projected annual gross revenues for the hotel related operations for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget, or where no approved annual budget exists as of the date of determination, the amount of the FF&E Payment will be determined by the lender in its reasonable discretion. The initial monthly FF&E Payment was determined to be approximately  $28,257.
   
(79) The borrower will deposit (or cause to be deposited) into an eligible account (the "Seasonality Reserve Account) held by lender or servicer on each monthly payment date occurring in the months of April through December (inclusive) in 2023, an amount equal to $14,194. With respect to any applicable monthly payment dates occurring in each calendar year after 2023, an amount equal to the quotient obtained on the monthly payment date occurring in May of such calendar year by dividing (A) the positive difference, if any, between (x) 110% of the greater of (1) the sum of the negative monthly amounts for the monthly payment dates occurring in the months of January, February and March immediately preceding such calculation date and (2) the sum of the negative monthly amounts projected for the monthly payment dates occurring in the months of January, February and March immediately following such calculation date, pursuant to the approved annual budget, and (y) the amount of seasonality reserve funds, if any, that are on deposit in the seasonality reserve account in May of such calendar year, by nine.
   
(80) The Gilardian NYC Portfolio II Mortgaged Properties contain 11 commercial units totaling 12,405 square feet of commercial space, which are 100% occupied by six retail tenants and five restaurants, which represent approximately 17.5% (excluding recoveries of $305,299) of the underwritten gross potential rent from the Gilardian NYC Portfolio II Mortgaged Properties. 
   

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(81) At any time after the earlier to occur of (x) June 1, 2027 and (y) the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized, the whole loan documents permit the borrowers to obtain the release of any individual Gilardian NYC Portfolio II Mortgaged Property from the lien of the mortgage up to two times during the term of the whole loan, provided, among other conditions, (i) the borrowers defease the whole loan in an amount equal to at least 110% of the allocated loan amount for the individual Gilardian NYC Portfolio II Mortgaged Property to be released, (ii) after giving effect to such release (a) the debt service coverage ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan with respect to the remaining Gilardian NYC Portfolio II Mortgaged Properties is not less than (x) the debt service coverage ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan immediately preceding such release or (y) 1.10x and (b) the loan-to-value ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan with respect to the remaining Gilardian NYC Portfolio II Mortgaged Properties is not greater than the lesser of (x) the loan-to-value ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan immediately preceding such release and (y) 65.0%, and (iii) REMIC release requirements are satisfied. 
   
(82) VOYA Commercial Mortgage Originator, LLC originated a mezzanine in the amount of $41,000,000 secured by the equity interests in 107 Mezz A, LLC, 245 Mezz A, LLC, 324 Mezz A, LLC, 1443 Mezz A, LLC, and 2410 Mezz A, LLC. The mezzanine loan is coterminous with the Gilardian NYC Portfolio II whole loan. The mezzanine loan accrues interest at a rate of 9.19800% per annum and requires interest-only payments until its maturity date. 
   
(83) On each monthly payment date that the amount in the interest reserve account is less than $150,000, the borrowers are required to deposit an amount sufficient to cause the balance in the interest reserve account to equal $500,000.
   
(84) On each monthly payment date, the borrower is required to deposit into a replacement reserve an amount equal to 1/12th of (a) two percent of the projected annual gross income from operations of the mortgaged property as set forth in the approved annual budget during the first and second year of the term of the loan, and (b) four percent of the projected annual gross income from operations of the mortgaged property as set forth in the approved annual budget from and after the second year of the term of the loan. The monthly replacement reserve as of the first payment date is $6,492.60.
   
(85) The whole loan is structured with a springing lockbox. The borrower will be required to establish a lockbox account following the first occurrence of a trigger period as defined in the mortgage loan documents. The borrower will be required to deposit or cause to be deposited all sums due as set forth in the mortgage loan documents into the lockbox account.
   
(86) The mortgage loan is part of a whole loan that was co-originated by Barclays Capital Real Estate Inc. and Deutsche Bank AG, acting through its New York Branch.
   
(87) A Grace Period - Late Fee of five days is allowed once per 12-month period.
   
(88) The Largest Tenant, DIRECTV, LLC, has 85,000 square feet of space for satellite pads.
   
(89) The historical cash flows are not available as the property was purchased in 2023.
   
(90) At the lender’s option, the monthly escrows for the payment of insurance premiums will be waived if the insurance policy maintained by the borrower is under an acceptable blanket policy or if the borrower provides evidence of timely payment of insurance premiums prior to delinquency or the lender otherwise obtains verification of payment directly from the borrower's insurance agent (without the obligation to seek such verification) and there is no continuing material event of default for a period in excess of 30 or more consecutive days. On up to three occasions during the loan term, the waiver can be reinstated if the borrower does not provide timely evidence of payment but subsequently makes the required payment together with any interest and penalties. If the foregoing conditions are not satisfied, at the lender's option, on each monthly payment date, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon expiration thereof.
   

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(91) On each monthly payment date during a specified tenant sweep period, the borrower is required to deposit into a replacement reserve an amount equal to $3,700.
   
(92) The Largest Tenant, N Consulting Engineers, which leases three units at the Mortgaged Property, covering a total of approximately 43,909 square feet (87.8% of the net rentable area and 88.2% of the underwritten gross rent), has subleased 12,500 square feet of its space (25.0% of the net rentable area and 22.7% of the underwritten gross rent) to Newport Exchange Holdings, Inc., an affiliate of Online Trading Academy, which was the previous owner of the Mortgaged Property. Each of the underlying leases by N Consulting Engineers is scheduled to expire on December 31, 2037, while the sublease is scheduled to expire on July 21, 2025.  
   
(93) Each of the Largest Tenant, N Consulting Engineers, and the Fourth Largest Tenant, EKN Development Group, is an affiliate of the related borrower.
   
(94) The Appraised Value of $12,000,000 reflects the extraordinary assumption that the net rentable area at the Mortgaged Property is 47,920 square feet, which is 2,103 square feet less than the underwritten net rentable area of 50,023 square feet. JPMCB underwriting for leasable square footage is supported by the final engineering report and executed tenant leases
   
(95) The Mortgage Loan is full recourse to the related guarantor.
   
(96) The 1124-1126 Third Avenue mortgage loan is comprised of nine multifamily units totaling 6,600 square feet, representing approximately 48.3% of Underwritten EGI ($) and 2,100 square feet of retail commercial space representing approximately 51.7% of Underwritten EGI ($).
   
(97) Historical cash flows are unavailable as the borrower sponsor acquired the mortgaged property in November 2022.
   
(98) Historical cash flows are unavailable as the borrower sponsor acquired the Stockton mortgaged property in January 2023 and renovated the mortgage properties in 2023.
   
(99) The Nostrand mortgage property is comprised of two multifamily units totaling 1,044 square feet, and 3,100 square feet of retail commercial space.
   
(100) A trigger period means (A) commencing upon the earliest of (i) the occurrence and continuance of an event of default, (ii) unless the Trigger Period Avoidance Conditions (as defined herein) have then been satisfied, the DSCR being less than 1.15; (iii) the occurrence of a specified tenant trigger period and (iv) the occurrence of a free rent trigger period.
Trigger Period Avoidance Conditions mean the borrowers deposit with the lender, into an eligible account established with the lender or servicer an amount equal to $35,000 and (ii) thereafter, on or prior to each date that is six months following the required date of each deposit made hereunder, the borrower deposits with the lender into the same eligible account an amount of funds equal to $35,000 (it being agreed that upon the expiration of all trigger periods then in existence, other than due to satisfaction of the Trigger Period Avoidance Conditions, all such funds so deposited will be promptly disbursed and returned to the borrowers.
   
(101) The 688-690 9th Avenue mortgage loan is comprised of 17 multifamily units totaling 9,475 square feet, representing approximately 47.1% of Underwritten EGI ($) and 3,300 square feet of retail commercial space representing approximately 52.9% of Underwritten EGI ($).
   
(102) The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to contractual rent steps on the commercial tenants as well as increased monthly rent on the multifamily units.
   
(103) The 688-690 9th Avenue mortgage loan has one or more borrowers that own all or a portion of the related Mortgaged Property as tenants–in–common.
   

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(104) The sole tenant, Bob’s Discount Furniture, subleases 10 of the 177 trailer stalls in its space to JoyRide Logistics, LLC as of September 22, 2023. The sublease is scheduled to expire on September 30, 2024 and will continue on a month to month basis thereafter until either party delivers prior written notice of at least 60 days indicating its intent to terminate.
   
(105) Historical cash flows are not available because the sole tenant, Bob’s Discount Furniture, took occupancy and commenced rent on October 31, 2022. Prior to Bob’s Discount Furniture taking occupancy, the mortgaged property was vacant land, and the construction of the improvements was not completed until 2022.
   
(106) The mortgaged property is a truck storage facility comprised of 177 trailer stalls, 4 auto parking spaces and a 170 square foot guard shack across 260,567 square feet of concrete paved land enclosed by a wrought iron and brick perimeter fence. 
   
(107) The monthly deposits into the insurance reserve account will be suspended (except with respect to liability insurance) for so long as (i) no trigger period has occurred and is continuing, (ii) the lease of the sole tenant, Bob's Discount Furniture remains in full force and effect with no default continuing thereunder and (iii) Bob’s Discount Furniture maintains insurance that satisfies the requirements of the loan documents. The foregoing conditions were satisfied as of the origination date, and accordingly the borrower is not required to make deposits into the insurance reserve account, except with respect to liability insurance.
   
(108) The mortgaged property is located within a Seismic Zone 4, however a seismic risk assessment report was not required for loan closing as the property is an industrial outdoor storage facility utilized for truck storage.

 

 

 

 

 

 

 

 

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