FWP 1 n4605_x3-annexa1.htm FWP

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-260277-07
     

  

Benchmark 2024-V11

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-260277) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

 

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

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

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

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the Benchmark 2024-V11 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2024-V11 (the "Offering Document").  The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document.  The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document.  The information contained herein will be more fully described elsewhere in the Offering Document.  The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.

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

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

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

   

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address
                9      
1 Loan 30, 34 1 Estate Yountville 8.9% 100.0% CREFI CREFI NAP NAP 6481-6541 Washington Street
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 8.9% 100.0% CREFI, GSBI CREFI, GSMC NAP NAP 139 Flatbush Avenue
3 Loan   1 The Metropolitan Apartments 7.2% 100.0% CREFI CREFI NAP NAP 190 River Road
4 Loan 31, 35 1 Midlink Business Park 6.7% 100.0% DBRI GACC NAP NAP 5200 East Cork Street
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 6.7% 100.0% BMO, GACC, GSBI BMO, GACC, GSMC NAP NAP 1197 Peachtree Street Northeast
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 6.5% 100.0% BCREI Barclays NAP NAP 850, 900, 950 and 1000 South Pine Island Road
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 6.2%   CREFI CREFI NAP NAP Various
7.01 Property   1 Prime Storage - Somerville 0.6% 10.2%         39R Medford Street
7.02 Property   1 Prime Storage - Boston South End 0.6% 10.1%         100 Southampton Street
7.03 Property   1 Prime Storage - Washington 0.6% 9.5%         307 South Lincoln Avenue
7.04 Property   1 Prime Storage - Boston Traveler St. 0.6% 9.5%         33 Traveler Street
7.05 Property   1 Prime Storage - Newington 0.6% 9.5%         350 Alumni Road
7.06 Property   1 Prime Storage - Brookfield 0.5% 7.6%         25 and 87 Del Mar Drive
7.07 Property   1 Prime Storage - Quakertown 0.5% 7.4%         1320 South West End Boulevard
7.08 Property   1 Prime Storage - Phillipsburg 0.4% 6.7%         1191 US Highway 22
7.09 Property   1 Prime Storage - Fairless Hills 0.4% 6.5%         400 Tyburn Road
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd 0.4% 6.4%         901 Egg Harbor Road
7.11 Property   1 Prime Storage - New Milford 0.4% 6.0%         156 Danbury Road
7.12 Property   1 Prime Storage - Hyde Park 0.4% 5.6%         1641 Hyde Park Avenue
7.13 Property   1 Prime Storage - Clinton 0.3% 5.0%         10 Route 173
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 5.6% 100.0% GSBI GSMC NAP NAP 12330 North Gessner Road
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 4.8%   GSBI, WFB GSMC NAP NAP Various
9.01 Property   1 Rogers (Bentonville) Embassy Suites 0.5% 9.8%         3201 & 3303 Pinnacle Hills Parkway
9.02 Property   1 Frisco Embassy Suites 0.4% 7.5%         7600 John Q Hammons Drive
9.03 Property   1 Hilton Long Beach 0.3% 7.1%         701 West Ocean Boulevard
9.04 Property   1 San Marcos Embassy Suites 0.3% 6.2%         1001 East McCarty Lane
9.05 Property   1 Loveland Embassy Suites 0.3% 6.2%         4705 Clydesdale Parkway
9.06 Property   1 Albuquerque Embassy Suites 0.3% 5.6%         1000 Woodward Place Northeast
9.07 Property   1 Branson Chateau Hotel 0.2% 5.1%         415 North State Highway 265
9.08 Property   1 Lincoln Embassy Suites 0.2% 4.8%         1040 P Street
9.09 Property   1 Richardson Renaissance 0.2% 4.7%         900 East Lookout Drive
9.10 Property   1 Charleston Embassy Suites 0.2% 4.6%         300 Court Street
9.11 Property   1 Nashville South Embassy Suites 0.2% 4.5%         820 Crescent Centre Drive
9.12 Property   1 La Vista Embassy Suites 0.2% 4.4%         12520 Westport Parkway
9.13 Property   1 St. Charles Embassy Suites 0.2% 3.7%         2 Convention Center Plaza
9.14 Property   1 Hot Springs Embassy Suites 0.2% 3.3%         400 Convention Boulevard
9.15 Property   1 East Peoria Embassy Suites 0.1% 3.1%         100 Conference Center Drive
9.16 Property   1 Tucson University Marriott 0.1% 3.0%         880 East 2nd Street
9.17 Property   1 Embassy Suites Lexington UK Coldstream 0.1% 2.9%         1801 Newtown Pike
9.18 Property   1 Normal Marriott Hotel 0.1% 2.7%         201 Broadway Street
9.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% 2.3%         2 West Reno Avenue
9.20 Property   1 North Charleston Residence Inn 0.1% 2.2%         5035 International Boulevard
9.21 Property   1 Oklahoma City Residence Inn 0.1% 2.0%         400 East Reno Avenue
9.22 Property   1 La Vista Courtyard by Marriott 0.1% 1.8%         12560 Westport Parkway
9.23 Property   1 Springfield Residence Inn 0.1% 1.5%         1303 East Kingsley Street
9.24 Property   1 Fort Smith Courtyard by Marriott 0.1% 1.1%         900 Rogers Avenue
10 Loan 18, 35 1 The Amnia 4.6% 100.0% CREFI CREFI NAP NAP 127-131 Concord Street
11 Loan 31, 36 1 Four Seasons Hotel Seattle 4.2% 100.0% CREFI CREFI NAP NAP 99 Union Street
12 Loan 12, 22, 35, 36 1 Clorox Center 3.9% 100.0% GACC GACC NAP NAP 4900-5060 Johnson Drive
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 3.4% 100.0% CREFI, WFB CREFI NAP NAP 349 and 351 Peachtree Hills Avenue Northeast
14 Loan   1 One Westlake 3.2% 100.0% GSBI GSMC NAP NAP 1 Baxter Way
15 Loan 9, 10, 22 1 International Plaza II 3.0% 100.0% GSBI, JPMCB GSMC NAP NAP 14221 North Dallas Parkway
16 Loan 10, 33 1 One Park Square 2.6% 100.0% GSBI GSMC NAP NAP 3470 Northwest 82nd Avenue
17 Loan   1 The Abner Apartments 2.5% 100.0% CREFI CREFI NAP NAP 408 Abner Road
18 Loan 29, 36 1 Animas Valley MHC 2.3% 100.0% BCREI Barclays NAP NAP Various
19 Loan 35 1 429-431 Kennedy  1.8% 100.0% CREFI CREFI NAP NAP 429-431 Kennedy Street Northwest
20 Loan 19, 20 1 The Hanley Retail 1.7% 100.0% CREFI CREFI NAP NAP 165 East 66th Street
21 Loan 29, 36 1 Petaluma Marina Business Center 1.3% 100.0% GACC GACC NAP NAP 755-775 Baywood Drive
22 Loan   1 Lockaway Storage - New Braunfels 1.0% 100.0% BCREI Barclays NAP NAP 452 Farm-to-Market 306
23 Loan 18, 35 1 110 East 1st Street 0.9% 100.0% CREFI CREFI NAP NAP 110 East 1st Street
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 0.9%   DBRI GACC NAP NAP Various
24.01 Property   1 6585 East Broad Street 0.5% 54.2%         6585 East Broad Street
24.02 Property   1 745 Arden Lane 0.4% 45.8%         745 Arden Lane
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 0.7% 100.0% DBRI GACC NAP NAP 137 Rivington Street
26 Loan   1 Ranch Road Storage 0.5% 100.0% BCREI Barclays NAP NAP 1900 Old Ranch Road 12

 

 A-1-1 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name City County State Zip Code General Property Type Detailed Property Type Year Built
                       
1 Loan 30, 34 1 Estate Yountville Yountville Napa CA 94599 Hospitality Resort 1998
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal Brooklyn Kings NY 11217 Retail Anchored 2004
3 Loan   1 The Metropolitan Apartments Edgewater Bergen NJ 07020 Multifamily High Rise 1999
4 Loan 31, 35 1 Midlink Business Park Kalamazoo Kalamazoo MI 49048 Industrial Warehouse/Manufacturing 1963
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square Atlanta Fulton GA 30361 Mixed Use Office/Retail 1972, 1974, 2020, 2021
6 Loan 19, 25, 26, 36 1 Royal Palm I & II Plantation Broward FL 33324 Office Suburban 2000, 2007
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio Various Various Various Various Self Storage Self Storage Various
7.01 Property   1 Prime Storage - Somerville Somerville Middlesex MA 02143 Self Storage Self Storage 1913
7.02 Property   1 Prime Storage - Boston South End Boston Suffolk MA 02118 Self Storage Self Storage 1953
7.03 Property   1 Prime Storage - Washington Washington Township Warren NJ 07882 Self Storage Self Storage 1988
7.04 Property   1 Prime Storage - Boston Traveler St. Boston Suffolk MA 02118 Self Storage Self Storage 1910
7.05 Property   1 Prime Storage - Newington Newington Hartford CT 06111 Self Storage Self Storage 2000
7.06 Property   1 Prime Storage - Brookfield Brookfield Fairfield CT 06804 Self Storage Self Storage 1984
7.07 Property   1 Prime Storage - Quakertown Quakertown Bucks PA 18951 Self Storage Self Storage 1986
7.08 Property   1 Prime Storage - Phillipsburg Phillipsburg Warren NJ 08865 Self Storage Self Storage 2000
7.09 Property   1 Prime Storage - Fairless Hills Fairless Hills Bucks PA 19030 Self Storage Self Storage 1979
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd Lindenwold Camden NJ 08021 Self Storage Self Storage 1986
7.11 Property   1 Prime Storage - New Milford New Milford Litchfield CT 06776 Self Storage Self Storage 1989
7.12 Property   1 Prime Storage - Hyde Park Hyde Park Suffolk MA 02136 Self Storage Self Storage 1997
7.13 Property   1 Prime Storage - Clinton Clinton Hunterdon NJ 08809 Self Storage Self Storage 1980
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions Houston Harris TX 77064 Multifamily Garden 2005
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack Various Various Various Various Hospitality Various Various
9.01 Property   1 Rogers (Bentonville) Embassy Suites Rogers Benton AR 72758 Hospitality Full Service 2003
9.02 Property   1 Frisco Embassy Suites Frisco Collin TX 75034 Hospitality Full Service 2005
9.03 Property   1 Hilton Long Beach Long Beach Los Angeles CA 90831 Hospitality Full Service 1992
9.04 Property   1 San Marcos Embassy Suites San Marcos Hays TX 78666 Hospitality Full Service 2008
9.05 Property   1 Loveland Embassy Suites Loveland Larimer CO 80538 Hospitality Full Service 2009
9.06 Property   1 Albuquerque Embassy Suites Albuquerque Bernalillo NM 87102 Hospitality Full Service 2005
9.07 Property   1 Branson Chateau Hotel Branson Taney MO 65616 Hospitality Full Service 1997
9.08 Property   1 Lincoln Embassy Suites Lincoln Lancaster NE 68508 Hospitality Full Service 2000
9.09 Property   1 Richardson Renaissance Richardson Dallas TX 75082 Hospitality Full Service 2001
9.10 Property   1 Charleston Embassy Suites Charleston Kanawha WV 25301 Hospitality Full Service 1997
9.11 Property   1 Nashville South Embassy Suites Franklin Williamson TN 37067 Hospitality Full Service 2001
9.12 Property   1 La Vista Embassy Suites La Vista Sarpy NE 68128 Hospitality Full Service 2008
9.13 Property   1 St. Charles Embassy Suites Saint Charles Saint Charles MO 63303 Hospitality Full Service 2005
9.14 Property   1 Hot Springs Embassy Suites Hot Springs Garland AR 71901 Hospitality Full Service 2003
9.15 Property   1 East Peoria Embassy Suites East Peoria Tazewell IL 61611 Hospitality Full Service 2008
9.16 Property   1 Tucson University Marriott Tucson Pima AZ 85719 Hospitality Full Service 1996
9.17 Property   1 Embassy Suites Lexington UK Coldstream Lexington Fayette KY 40511 Hospitality Full Service 1999
9.18 Property   1 Normal Marriott Hotel Normal McLean IL 61761 Hospitality Full Service 2009
9.19 Property   1 Oklahoma City Courtyard by Marriott Oklahoma City Oklahoma OK 73102 Hospitality Select Service 2004
9.20 Property   1 North Charleston Residence Inn North Charleston Charleston SC 29418 Hospitality Limited Service/Extended Stay 2004
9.21 Property   1 Oklahoma City Residence Inn Oklahoma City Oklahoma OK 73104 Hospitality Limited Service/Extended Stay 2007
9.22 Property   1 La Vista Courtyard by Marriott La Vista Sarpy NE 68128 Hospitality Select Service 2009
9.23 Property   1 Springfield Residence Inn Springfield Greene MO 65804 Hospitality Limited Service/Extended Stay 2004
9.24 Property   1 Fort Smith Courtyard by Marriott Fort Smith Sebastian AR 72901 Hospitality Select Service 2007
10 Loan 18, 35 1 The Amnia Brooklyn Kings NY 11201 Multifamily High Rise 2023
11 Loan 31, 36 1 Four Seasons Hotel Seattle Seattle King WA 98101 Hospitality Full Service 2009
12 Loan 12, 22, 35, 36 1 Clorox Center Pleasanton Alameda CA 94588 Mixed Use Office/Lab 1997, 2016
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center Atlanta Fulton GA 30305 Retail Showroom 1961
14 Loan   1 One Westlake Westlake Village Ventura CA 91362 Office Suburban 1982
15 Loan 9, 10, 22 1 International Plaza II Dallas Dallas TX 75254 Office CBD 2000
16 Loan 10, 33 1 One Park Square Doral Miami-Dade FL 33122 Office Suburban 2009
17 Loan   1 The Abner Apartments Spartanburg Spartanburg SC 29301 Multifamily Garden 1978
18 Loan 29, 36 1 Animas Valley MHC Various San Juan NM Various Manufactured Housing Manufactured Housing 1974-2002
19 Loan 35 1 429-431 Kennedy  Washington District of Columbia DC 20011 Multifamily Mid Rise 2024
20 Loan 19, 20 1 The Hanley Retail New York New York NY 10065 Retail Unanchored 1957
21 Loan 29, 36 1 Petaluma Marina Business Center Petaluma Sonoma CA 94954 Office Suburban 1990, 1995, 2000
22 Loan   1 Lockaway Storage - New Braunfels New Braunfels Comal TX 78130 Self Storage Self Storage 2000
23 Loan 18, 35 1 110 East 1st Street New York New York NY 10009 Multifamily Mid Rise 1900
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad Various Various Various Various Retail Single Tenant Various
24.01 Property   1 6585 East Broad Street Columbus Franklin OH 43213 Retail Single Tenant 2014
24.02 Property   1 745 Arden Lane Rock Hill York SC 29732 Retail Single Tenant 2015
25 Loan 12, 18, 28, 31, 35 1 137 Rivington New York New York NY 10002 Multifamily Mid Rise 1930
26 Loan   1 Ranch Road Storage San Marcos Hays TX 78666 Self Storage Self Storage 1998

 

 A-1-2 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate %
            12   12 11 11    
1 Loan 30, 34 1 Estate Yountville 2019 191 Rooms 486,910.99 93,000,000 93,000,000 93,000,000 5.88000%
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal NAP 371,333 SF 250.45 93,000,000 93,000,000 93,000,000 6.77000%
3 Loan   1 The Metropolitan Apartments 2015 376 Units 199,468.09 75,000,000 75,000,000 75,000,000 6.36000%
4 Loan 31, 35 1 Midlink Business Park 2003, 2006, 2010 1,687,012 SF 41.49 70,000,000 70,000,000 70,000,000 6.11300%
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 2000 1,085,612 SF 239.50 70,000,000 70,000,000 70,000,000 7.37500%
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 2023 465,592 SF 146.48 68,200,000 68,200,000 68,200,000 6.45000%
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio Various 651,607 SF 181.09 65,000,000 65,000,000 65,000,000 5.99000%
7.01 Property   1 Prime Storage - Somerville NAP 36,269 SF   6,654,237 6,654,237 6,654,237  
7.02 Property   1 Prime Storage - Boston South End 1984 51,768 SF   6,577,119 6,577,119 6,577,119  
7.03 Property   1 Prime Storage - Washington 2018 63,450 SF   6,158,475 6,158,475 6,158,475  
7.04 Property   1 Prime Storage - Boston Traveler St. 1999 31,187 SF   6,152,966 6,152,966 6,152,966  
7.05 Property   1 Prime Storage - Newington NAP 87,925 SF   6,147,458 6,147,458 6,147,458  
7.06 Property   1 Prime Storage - Brookfield NAP 63,575 SF   4,946,610 4,946,610 4,946,610  
7.07 Property   1 Prime Storage - Quakertown NAP 67,450 SF   4,808,898 4,808,898 4,808,898  
7.08 Property   1 Prime Storage - Phillipsburg NAP 49,863 SF   4,384,746 4,384,746 4,384,746  
7.09 Property   1 Prime Storage - Fairless Hills NAP 42,516 SF   4,219,492 4,219,492 4,219,492  
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP 52,643 SF   4,131,356 4,131,356 4,131,356  
7.11 Property   1 Prime Storage - New Milford NAP 41,950 SF   3,888,983 3,888,983 3,888,983  
7.12 Property   1 Prime Storage - Hyde Park NAP 27,473 SF   3,668,644 3,668,644 3,668,644  
7.13 Property   1 Prime Storage - Clinton NAP 35,538 SF   3,261,017 3,261,017 3,261,017  
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 2019 710 Units 110,422.54 58,400,000 58,400,000 58,400,000 5.89300%
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack Various 6,106 Rooms 76,121.85 50,000,000 50,000,000 50,000,000 5.53252353234854%
9.01 Property   1 Rogers (Bentonville) Embassy Suites 2015-2018 400 Rooms   4,911,168 4,911,168 4,911,168  
9.02 Property   1 Frisco Embassy Suites 2015, 2017 330 Rooms   3,760,812 3,760,812 3,760,812  
9.03 Property   1 Hilton Long Beach 2015-2017 399 Rooms   3,536,650 3,536,650 3,536,650  
9.04 Property   1 San Marcos Embassy Suites 2023-2024 283 Rooms   3,085,076 3,085,076 3,085,076  
9.05 Property   1 Loveland Embassy Suites NAP 263 Rooms   3,076,548 3,076,548 3,076,548  
9.06 Property   1 Albuquerque Embassy Suites 2022-2023 261 Rooms   2,782,944 2,782,944 2,782,944  
9.07 Property   1 Branson Chateau Hotel NAP 301 Rooms   2,528,985 2,528,985 2,528,985  
9.08 Property   1 Lincoln Embassy Suites 2023-2024 252 Rooms   2,423,452 2,423,452 2,423,452  
9.09 Property   1 Richardson Renaissance 2018 335 Rooms   2,331,980 2,331,980 2,331,980  
9.10 Property   1 Charleston Embassy Suites 2019 253 Rooms   2,292,132 2,292,132 2,292,132  
9.11 Property   1 Nashville South Embassy Suites 2015-2016 250 Rooms   2,230,964 2,230,964 2,230,964  
9.12 Property   1 La Vista Embassy Suites NAP 257 Rooms   2,194,213 2,194,213 2,194,213  
9.13 Property   1 St. Charles Embassy Suites 2017-2018 296 Rooms   1,834,518 1,834,518 1,834,518  
9.14 Property   1 Hot Springs Embassy Suites NAP 246 Rooms   1,657,919 1,657,919 1,657,919  
9.15 Property   1 East Peoria Embassy Suites NAP 226 Rooms   1,530,457 1,530,457 1,530,457  
9.16 Property   1 Tucson University Marriott 2017 250 Rooms   1,479,036 1,479,036 1,479,036  
9.17 Property   1 Embassy Suites Lexington UK Coldstream NAP 230 Rooms   1,427,056 1,427,056 1,427,056  
9.18 Property   1 Normal Marriott Hotel NAP 228 Rooms   1,373,807 1,373,807 1,373,807  
9.19 Property   1 Oklahoma City Courtyard by Marriott 2014, 2019 225 Rooms   1,167,005 1,167,005 1,167,005  
9.20 Property   1 North Charleston Residence Inn 2019-2020 150 Rooms   1,098,680 1,098,680 1,098,680  
9.21 Property   1 Oklahoma City Residence Inn NAP 151 Rooms   1,021,269 1,021,269 1,021,269  
9.22 Property   1 La Vista Courtyard by Marriott 2019 246 Rooms   919,289 919,289 919,289  
9.23 Property   1 Springfield Residence Inn 2019 136 Rooms   764,975 764,975 764,975  
9.24 Property   1 Fort Smith Courtyard by Marriott NAP 138 Rooms   571,066 571,066 571,066  
10 Loan 18, 35 1 The Amnia NAP 73 Units 650,684.93 47,500,000 47,500,000 47,500,000 6.23000%
11 Loan 31, 36 1 Four Seasons Hotel Seattle 2024 147 Rooms 299,319.73 44,000,000 44,000,000 44,000,000 7.19000%
12 Loan 12, 22, 35, 36 1 Clorox Center NAP 357,338 SF 113.13 40,425,000 40,425,000 40,425,000 6.26000%
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 1981 419,711 SF 142.96 36,000,000 36,000,000 36,000,000 6.52000%
14 Loan   1 One Westlake 2020 341,207 SF 97.01 33,100,000 33,100,000 33,100,000 6.80200%
15 Loan 9, 10, 22 1 International Plaza II 2020 388,430 SF 201.65 31,330,000 31,330,000 31,330,000 7.43000%
16 Loan 10, 33 1 One Park Square 2023 282,424 SF 168.72 27,650,000 27,650,000 27,650,000 6.15000%
17 Loan   1 The Abner Apartments 2024 312 Units 84,935.90 26,500,000 26,500,000 26,500,000 6.35000%
18 Loan 29, 36 1 Animas Valley MHC NAP 982 Pads 24,439.92 24,000,000 24,000,000 24,000,000 6.08000%
19 Loan 35 1 429-431 Kennedy  NAP 37 Units 500,000.00 18,500,000 18,500,000 18,500,000 6.80000%
20 Loan 19, 20 1 The Hanley Retail 2015 16,206 SF 1,110.70 18,000,000 18,000,000 18,000,000 5.59000%
21 Loan 29, 36 1 Petaluma Marina Business Center NAP 116,531 SF 113.62 13,240,000 13,240,000 13,240,000 6.99000%
22 Loan   1 Lockaway Storage - New Braunfels 2014 155,103 SF 66.09 10,250,000 10,250,000 10,250,000 6.50000%
23 Loan 18, 35 1 110 East 1st Street 2023 24 Units 395,833.33 9,500,000 9,500,000 9,500,000 6.22000%
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAP 83,000 SF 113.49 9,420,000 9,420,000 9,420,000 6.90000%
24.01 Property   1 6585 East Broad Street NAP 45,000 SF   5,110,000 5,110,000 5,110,000  
24.02 Property   1 745 Arden Lane NAP 38,000 SF   4,310,000 4,310,000 4,310,000  
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP 18 Units 386,111.11 6,950,000 6,950,000 6,950,000 5.91700%
26 Loan   1 Ranch Road Storage 2008 43,080 SF 109.10 4,700,000 4,700,000 4,700,000 5.76000%

 

 A-1-3 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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, 14   2, 15 15 2, 15 15  
1 Loan 30, 34 1 Estate Yountville 0.01377% 5.86623% NAP 462,029.17 NAP 5,544,350.04 Interest Only
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 0.02252% 6.74748% NAP 531,962.15 NAP 6,383,545.80 Interest Only
3 Loan   1 The Metropolitan Apartments 0.01377% 6.34623% NAP 403,020.83 NAP 4,836,249.96 Interest Only
4 Loan 31, 35 1 Midlink Business Park 0.01377% 6.09923% NAP 361,544.33 NAP 4,338,531.96 Interest Only
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 0.01377% 7.36123% NAP 436,183.45 NAP 5,234,201.40 Interest Only
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 0.01377% 6.43623% NAP 371,666.32 NAP 4,459,995.84 Interest Only
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 0.01377% 5.97623% NAP 328,964.70 NAP 3,947,576.40 Interest Only
7.01 Property   1 Prime Storage - Somerville              
7.02 Property   1 Prime Storage - Boston South End              
7.03 Property   1 Prime Storage - Washington              
7.04 Property   1 Prime Storage - Boston Traveler St.              
7.05 Property   1 Prime Storage - Newington              
7.06 Property   1 Prime Storage - Brookfield              
7.07 Property   1 Prime Storage - Quakertown              
7.08 Property   1 Prime Storage - Phillipsburg              
7.09 Property   1 Prime Storage - Fairless Hills              
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd              
7.11 Property   1 Prime Storage - New Milford              
7.12 Property   1 Prime Storage - Hyde Park              
7.13 Property   1 Prime Storage - Clinton              
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 0.01377% 5.87923% NAP 290,775.90 NAP 3,489,310.80 Interest Only
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 0.01302% 5.51950353234854% NAP 233,723.51 NAP 2,804,682.12 Interest Only
9.01 Property   1 Rogers (Bentonville) Embassy Suites              
9.02 Property   1 Frisco Embassy Suites              
9.03 Property   1 Hilton Long Beach              
9.04 Property   1 San Marcos Embassy Suites              
9.05 Property   1 Loveland Embassy Suites              
9.06 Property   1 Albuquerque Embassy Suites              
9.07 Property   1 Branson Chateau Hotel              
9.08 Property   1 Lincoln Embassy Suites              
9.09 Property   1 Richardson Renaissance              
9.10 Property   1 Charleston Embassy Suites              
9.11 Property   1 Nashville South Embassy Suites              
9.12 Property   1 La Vista Embassy Suites              
9.13 Property   1 St. Charles Embassy Suites              
9.14 Property   1 Hot Springs Embassy Suites              
9.15 Property   1 East Peoria Embassy Suites              
9.16 Property   1 Tucson University Marriott              
9.17 Property   1 Embassy Suites Lexington UK Coldstream              
9.18 Property   1 Normal Marriott Hotel              
9.19 Property   1 Oklahoma City Courtyard by Marriott              
9.20 Property   1 North Charleston Residence Inn              
9.21 Property   1 Oklahoma City Residence Inn              
9.22 Property   1 La Vista Courtyard by Marriott              
9.23 Property   1 Springfield Residence Inn              
9.24 Property   1 Fort Smith Courtyard by Marriott              
10 Loan 18, 35 1 The Amnia 0.01377% 6.21623% NAP 250,029.22 NAP 3,000,350.64 Interest Only
11 Loan 31, 36 1 Four Seasons Hotel Seattle 0.02377% 7.16623% NAP 267,294.91 NAP 3,207,538.92 Interest Only
12 Loan 12, 22, 35, 36 1 Clorox Center 0.01377% 6.24623% NAP 213,812.69 NAP 2,565,752.28 Interest Only
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 0.01377% 6.50623% NAP 198,316.67 NAP 2,379,800.04 Interest Only
14 Loan   1 One Westlake 0.01377% 6.78823% NAP 190,227.69 NAP 2,282,732.28 Interest Only
15 Loan 9, 10, 22 1 International Plaza II 0.01377% 7.41623% NAP 196,679.15 NAP 2,360,149.80 Interest Only
16 Loan 10, 33 1 One Park Square 0.01377% 6.13623% NAP 143,674.39 NAP 1,724,092.68 Interest Only
17 Loan   1 The Abner Apartments 0.01377% 6.33623% NAP 142,176.79 NAP 1,706,121.48 Interest Only
18 Loan 29, 36 1 Animas Valley MHC 0.01377% 6.06623% NAP 123,288.89 NAP 1,479,466.68 Interest Only
19 Loan 35 1 429-431 Kennedy  0.01377% 6.78623% NAP 106,289.35 NAP 1,275,472.20 Interest Only
20 Loan 19, 20 1 The Hanley Retail 0.01377% 5.57623% NAP 85,014.58 NAP 1,020,174.96 Interest Only
21 Loan 29, 36 1 Petaluma Marina Business Center 0.05377% 6.93623% NAP 78,194.15 NAP 938,329.80 Interest Only
22 Loan   1 Lockaway Storage - New Braunfels 0.01377% 6.48623% NAP 56,291.96 NAP 675,503.52 Interest Only
23 Loan 18, 35 1 110 East 1st Street 0.01377% 6.20623% NAP 49,925.58 NAP 599,106.96 Interest Only
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 0.01377% 6.88623% NAP 54,917.29 NAP 659,007.48 Interest Only
24.01 Property   1 6585 East Broad Street              
24.02 Property   1 745 Arden Lane              
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 0.01377% 5.90323% NAP 34,745.25 NAP 416,943.00 Interest Only
26 Loan   1 Ranch Road Storage 0.01377% 5.74623% NAP 22,873.33 NAP 274,479.96 Interest Only

 

 A-1-4 

 

Benchmark 2024-V11 Annex A-1

 

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.)
                         
1 Loan 30, 34 1 Estate Yountville No Actual/360 60 59 60 59 0 0
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal No Actual/360 60 60 60 60 0 0
3 Loan   1 The Metropolitan Apartments No Actual/360 60 59 60 59 0 0
4 Loan 31, 35 1 Midlink Business Park No Actual/360 60 60 60 60 0 0
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square No Actual/360 60 59 60 59 0 0
6 Loan 19, 25, 26, 36 1 Royal Palm I & II No Actual/360 60 60 60 60 0 0
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio No Actual/360 60 58 60 58 0 0
7.01 Property   1 Prime Storage - Somerville                
7.02 Property   1 Prime Storage - Boston South End                
7.03 Property   1 Prime Storage - Washington                
7.04 Property   1 Prime Storage - Boston Traveler St.                
7.05 Property   1 Prime Storage - Newington                
7.06 Property   1 Prime Storage - Brookfield                
7.07 Property   1 Prime Storage - Quakertown                
7.08 Property   1 Prime Storage - Phillipsburg                
7.09 Property   1 Prime Storage - Fairless Hills                
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd                
7.11 Property   1 Prime Storage - New Milford                
7.12 Property   1 Prime Storage - Hyde Park                
7.13 Property   1 Prime Storage - Clinton                
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions No Actual/360 60 59 60 59 0 0
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack No Actual/360 60 60 60 60 0 0
9.01 Property   1 Rogers (Bentonville) Embassy Suites                
9.02 Property   1 Frisco Embassy Suites                
9.03 Property   1 Hilton Long Beach                
9.04 Property   1 San Marcos Embassy Suites                
9.05 Property   1 Loveland Embassy Suites                
9.06 Property   1 Albuquerque Embassy Suites                
9.07 Property   1 Branson Chateau Hotel                
9.08 Property   1 Lincoln Embassy Suites                
9.09 Property   1 Richardson Renaissance                
9.10 Property   1 Charleston Embassy Suites                
9.11 Property   1 Nashville South Embassy Suites                
9.12 Property   1 La Vista Embassy Suites                
9.13 Property   1 St. Charles Embassy Suites                
9.14 Property   1 Hot Springs Embassy Suites                
9.15 Property   1 East Peoria Embassy Suites                
9.16 Property   1 Tucson University Marriott                
9.17 Property   1 Embassy Suites Lexington UK Coldstream                
9.18 Property   1 Normal Marriott Hotel                
9.19 Property   1 Oklahoma City Courtyard by Marriott                
9.20 Property   1 North Charleston Residence Inn                
9.21 Property   1 Oklahoma City Residence Inn                
9.22 Property   1 La Vista Courtyard by Marriott                
9.23 Property   1 Springfield Residence Inn                
9.24 Property   1 Fort Smith Courtyard by Marriott                
10 Loan 18, 35 1 The Amnia No Actual/360 60 59 60 59 0 0
11 Loan 31, 36 1 Four Seasons Hotel Seattle No Actual/360 60 59 60 59 0 0
12 Loan 12, 22, 35, 36 1 Clorox Center No Actual/360 60 58 60 58 0 0
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center No Actual/360 60 59 60 59 0 0
14 Loan   1 One Westlake No Actual/360 60 59 60 59 0 0
15 Loan 9, 10, 22 1 International Plaza II No Actual/360 60 59 60 59 0 0
16 Loan 10, 33 1 One Park Square No Actual/360 60 59 60 59 0 0
17 Loan   1 The Abner Apartments No Actual/360 60 59 60 59 0 0
18 Loan 29, 36 1 Animas Valley MHC No Actual/360 60 59 60 59 0 0
19 Loan 35 1 429-431 Kennedy  No Actual/360 60 60 60 60 0 0
20 Loan 19, 20 1 The Hanley Retail No Actual/360 60 59 60 59 0 0
21 Loan 29, 36 1 Petaluma Marina Business Center No Actual/360 60 59 60 59 0 0
22 Loan   1 Lockaway Storage - New Braunfels No Actual/360 60 59 60 59 0 0
23 Loan 18, 35 1 110 East 1st Street No Actual/360 60 59 60 59 0 0
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad No Actual/360 60 59 60 59 0 0
24.01 Property   1 6585 East Broad Street                
24.02 Property   1 745 Arden Lane                
25 Loan 12, 18, 28, 31, 35 1 137 Rivington No Actual/360 60 59 60 59 0 0
26 Loan   1 Ranch Road Storage No Actual/360 60 59 60 59 0 0

 

 A-1-5 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date
                       
1 Loan 30, 34 1 Estate Yountville 10/4/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 10/18/2024 0 6 12/6/2024 NAP 11/6/2029 NAP
3 Loan   1 The Metropolitan Apartments 10/4/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
4 Loan 31, 35 1 Midlink Business Park 10/8/2024 0 6 12/6/2024 NAP 11/6/2029 NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 10/2/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 10/17/2024 0 6 12/6/2024 NAP 11/6/2029 NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 8/26/2024 2 6 10/6/2024 NAP 9/6/2029 NAP
7.01 Property   1 Prime Storage - Somerville              
7.02 Property   1 Prime Storage - Boston South End              
7.03 Property   1 Prime Storage - Washington              
7.04 Property   1 Prime Storage - Boston Traveler St.              
7.05 Property   1 Prime Storage - Newington              
7.06 Property   1 Prime Storage - Brookfield              
7.07 Property   1 Prime Storage - Quakertown              
7.08 Property   1 Prime Storage - Phillipsburg              
7.09 Property   1 Prime Storage - Fairless Hills              
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd              
7.11 Property   1 Prime Storage - New Milford              
7.12 Property   1 Prime Storage - Hyde Park              
7.13 Property   1 Prime Storage - Clinton              
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 9/18/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 10/7/2024 0 6 12/6/2024 NAP 11/6/2029 NAP
9.01 Property   1 Rogers (Bentonville) Embassy Suites              
9.02 Property   1 Frisco Embassy Suites              
9.03 Property   1 Hilton Long Beach              
9.04 Property   1 San Marcos Embassy Suites              
9.05 Property   1 Loveland Embassy Suites              
9.06 Property   1 Albuquerque Embassy Suites              
9.07 Property   1 Branson Chateau Hotel              
9.08 Property   1 Lincoln Embassy Suites              
9.09 Property   1 Richardson Renaissance              
9.10 Property   1 Charleston Embassy Suites              
9.11 Property   1 Nashville South Embassy Suites              
9.12 Property   1 La Vista Embassy Suites              
9.13 Property   1 St. Charles Embassy Suites              
9.14 Property   1 Hot Springs Embassy Suites              
9.15 Property   1 East Peoria Embassy Suites              
9.16 Property   1 Tucson University Marriott              
9.17 Property   1 Embassy Suites Lexington UK Coldstream              
9.18 Property   1 Normal Marriott Hotel              
9.19 Property   1 Oklahoma City Courtyard by Marriott              
9.20 Property   1 North Charleston Residence Inn              
9.21 Property   1 Oklahoma City Residence Inn              
9.22 Property   1 La Vista Courtyard by Marriott              
9.23 Property   1 Springfield Residence Inn              
9.24 Property   1 Fort Smith Courtyard by Marriott              
10 Loan 18, 35 1 The Amnia 9/18/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle 9/30/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
12 Loan 12, 22, 35, 36 1 Clorox Center 8/12/2024 2 6 10/6/2024 NAP 9/6/2029 NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 10/4/2024 1 9 11/9/2024 NAP 10/9/2029 NAP
14 Loan   1 One Westlake 10/3/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
15 Loan 9, 10, 22 1 International Plaza II 9/13/2024 1 1 11/1/2024 NAP 10/1/2029 NAP
16 Loan 10, 33 1 One Park Square 9/16/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
17 Loan   1 The Abner Apartments 10/1/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
18 Loan 29, 36 1 Animas Valley MHC 9/20/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
19 Loan 35 1 429-431 Kennedy  10/9/2024 0 6 12/6/2024 NAP 11/6/2029 NAP
20 Loan 19, 20 1 The Hanley Retail 9/18/2024 1 1 11/1/2024 NAP 10/1/2029 NAP
21 Loan 29, 36 1 Petaluma Marina Business Center 9/27/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
22 Loan   1 Lockaway Storage - New Braunfels 9/19/2024 1 1 11/1/2024 NAP 10/1/2029 NAP
23 Loan 18, 35 1 110 East 1st Street 10/2/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 10/4/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
24.01 Property   1 6585 East Broad Street              
24.02 Property   1 745 Arden Lane              
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 9/10/2024 1 6 11/6/2024 NAP 10/6/2029 NAP
26 Loan   1 Ranch Road Storage 9/19/2024 1 6 11/6/2024 NAP 10/6/2029 NAP

 

 A-1-6 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($)
          19 19 3, 21, 22, 23, 24, 25     18
1 Loan 30, 34 1 Estate Yountville 0 0 L(25),YM1(28),O(7) 42,530,098 29,489,153 13,040,945
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 0 0 YM1(53),O(7) 21,710,450 10,146,720 11,563,730
3 Loan   1 The Metropolitan Apartments 0 0 L(25),D(31),O(4) 9,872,010 3,300,116 6,571,894
4 Loan 31, 35 1 Midlink Business Park 0 0 YM1(24),DorYM1(30),O(6) 11,778,514 4,236,336 7,542,178
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 0 0 L(25),DorYM1(28),O(7) 47,695,391 18,506,436 29,188,955
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 5 (Once per trailing 12-month period) 0 L(24),D(29),O(7) 16,018,108 7,283,775 8,734,333
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 0 0 L(26),D(28),O(6) 14,409,757 4,877,186 9,532,571
7.01 Property   1 Prime Storage - Somerville       1,362,260 429,041 933,219
7.02 Property   1 Prime Storage - Boston South End       1,394,785 569,577 825,208
7.03 Property   1 Prime Storage - Washington       1,233,018 334,629 898,389
7.04 Property   1 Prime Storage - Boston Traveler St.       1,387,854 490,253 897,601
7.05 Property   1 Prime Storage - Newington       1,437,722 526,772 910,950
7.06 Property   1 Prime Storage - Brookfield       1,203,774 395,997 807,777
7.07 Property   1 Prime Storage - Quakertown       1,033,040 322,741 710,299
7.08 Property   1 Prime Storage - Phillipsburg       956,276 290,792 665,483
7.09 Property   1 Prime Storage - Fairless Hills       924,264 267,951 656,313
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd       929,923 298,184 631,740
7.11 Property   1 Prime Storage - New Milford       931,701 278,587 653,114
7.12 Property   1 Prime Storage - Hyde Park       865,223 348,860 516,363
7.13 Property   1 Prime Storage - Clinton       749,917 323,801 426,116
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 5 (Once per trailing 12-month period) 0 L(25),D(28),O(7) 13,798,501 7,018,461 6,780,040
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 0 0 YM1(24),DorYM1(29),O(7) 380,097,056 259,589,891 120,507,166
9.01 Property   1 Rogers (Bentonville) Embassy Suites       30,748,522 17,352,106 13,396,416
9.02 Property   1 Frisco Embassy Suites       25,060,603 15,917,021 9,143,581
9.03 Property   1 Hilton Long Beach       33,535,892 25,188,834 8,347,058
9.04 Property   1 San Marcos Embassy Suites       21,855,879 14,296,282 7,559,597
9.05 Property   1 Loveland Embassy Suites       22,086,703 14,704,501 7,382,202
9.06 Property   1 Albuquerque Embassy Suites       20,055,242 13,542,201 6,513,041
9.07 Property   1 Branson Chateau Hotel       21,589,992 14,868,125 6,721,867
9.08 Property   1 Lincoln Embassy Suites       12,659,936 9,245,533 3,414,403
9.09 Property   1 Richardson Renaissance       19,025,832 13,283,910 5,741,922
9.10 Property   1 Charleston Embassy Suites       16,448,104 10,812,540 5,635,563
9.11 Property   1 Nashville South Embassy Suites       16,145,854 10,765,838 5,380,016
9.12 Property   1 La Vista Embassy Suites       18,055,897 13,166,607 4,889,290
9.13 Property   1 St. Charles Embassy Suites       16,210,347 12,105,241 4,105,106
9.14 Property   1 Hot Springs Embassy Suites       11,753,669 7,923,828 3,829,841
9.15 Property   1 East Peoria Embassy Suites       14,257,346 10,207,885 4,049,461
9.16 Property   1 Tucson University Marriott       13,979,064 10,326,339 3,652,725
9.17 Property   1 Embassy Suites Lexington UK Coldstream       12,377,993 8,949,759 3,428,233
9.18 Property   1 Normal Marriott Hotel       12,471,489 9,607,436 2,864,053
9.19 Property   1 Oklahoma City Courtyard by Marriott       9,994,045 6,705,556 3,288,489
9.20 Property   1 North Charleston Residence Inn       6,894,592 4,261,319 2,633,273
9.21 Property   1 Oklahoma City Residence Inn       6,952,366 4,149,774 2,802,592
9.22 Property   1 La Vista Courtyard by Marriott       7,516,524 5,055,194 2,461,330
9.23 Property   1 Springfield Residence Inn       5,615,208 3,726,346 1,888,862
9.24 Property   1 Fort Smith Courtyard by Marriott       4,805,957 3,427,713 1,378,244
10 Loan 18, 35 1 The Amnia 0 0 L(25),D(28),O(7) 1,801,484 259,623 1,541,861
11 Loan 31, 36 1 Four Seasons Hotel Seattle 0 0 L(25),D(28),O(7) 44,790,784 37,358,844 7,431,940
12 Loan 12, 22, 35, 36 1 Clorox Center 0 0 L(26),D(30),O(4) 7,814,825 815,055 6,999,770
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 0 0 YM0.5(25),DorYM0.5(28),O(7) 12,467,293 4,596,782 7,870,511
14 Loan   1 One Westlake 0 0 L(25),D(28),O(7) 7,441,806 5,251,559 2,190,247
15 Loan 9, 10, 22 1 International Plaza II 0 0 L(24),YM1(30),O(6) 16,471,156 7,566,655 8,904,501
16 Loan 10, 33 1 One Park Square 0 0 L(25),D(28),O(7) 10,496,873 4,159,169 6,337,704
17 Loan   1 The Abner Apartments 0 0 L(25),D(28),O(7) 3,884,720 1,351,069 2,533,651
18 Loan 29, 36 1 Animas Valley MHC 0 0 L(24),YM1(29),O(7) 3,839,365 963,378 2,875,988
19 Loan 35 1 429-431 Kennedy  0 0 L(24),D(29),O(7) NAV NAV NAV
20 Loan 19, 20 1 The Hanley Retail 5 5 L(4),YM1(49),O(7) 2,446,184 461,151 1,985,033
21 Loan 29, 36 1 Petaluma Marina Business Center 0 0 L(25),D(30),O(5) 2,833,763 1,384,994 1,448,769
22 Loan   1 Lockaway Storage - New Braunfels 0 5 L(25),D(28),O(7) 1,362,456 479,758 882,698
23 Loan 18, 35 1 110 East 1st Street 0 0 L(25),D(28),O(7) 631,876 213,471 418,404
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 0 0 L(25),D(30),O(5) NAV NAV NAV
24.01 Property   1 6585 East Broad Street       NAV NAV NAV
24.02 Property   1 745 Arden Lane       NAV NAV NAV
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 0 0 L(25),D(31),O(4) 508,791 72,698 436,093
26 Loan   1 Ranch Road Storage 0 0 L(25),D(28),O(7) 766,891 322,231 444,661

 

 A-1-7 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 30, 34 1 Estate Yountville 8/31/2024 T-12 39,459,253 29,392,966 10,066,287 12/31/2023 T-12 33,965,866
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 5/31/2024 T-12 20,102,912 8,592,813 11,510,099 12/31/2023 T-12 18,366,432
3 Loan   1 The Metropolitan Apartments 8/31/2024 T-12 9,298,969 3,262,595 6,036,374 12/31/2023 T-12 8,783,478
4 Loan 31, 35 1 Midlink Business Park 6/30/2024 T-12 11,565,142 4,288,490 7,276,652 12/31/2023 T-12 10,815,534
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 7/31/2024 T-12 47,689,824 17,977,232 29,712,592 12/31/2023 T-12 42,233,801
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 6/30/2024 T-12 15,893,219 7,298,049 8,595,170 12/31/2023 T-12 15,802,713
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 7/31/2024 T-12 14,501,123 4,983,159 9,517,964 12/31/2023 T-12 14,536,853
7.01 Property   1 Prime Storage - Somerville 7/31/2024 T-12 1,412,236 377,365 1,034,871 12/31/2023 T-12 1,274,709
7.02 Property   1 Prime Storage - Boston South End 7/31/2024 T-12 1,414,711 621,336 793,374 12/31/2023 T-12 1,507,275
7.03 Property   1 Prime Storage - Washington 7/31/2024 T-12 1,190,535 360,371 830,163 12/31/2023 T-12 1,222,840
7.04 Property   1 Prime Storage - Boston Traveler St. 7/31/2024 T-12 1,366,064 491,603 874,461 12/31/2023 T-12 1,256,103
7.05 Property   1 Prime Storage - Newington 7/31/2024 T-12 1,443,601 529,522 914,079 12/31/2023 T-12 1,401,191
7.06 Property   1 Prime Storage - Brookfield 7/31/2024 T-12 1,245,381 390,823 854,558 12/31/2023 T-12 1,329,808
7.07 Property   1 Prime Storage - Quakertown 7/31/2024 T-12 1,050,400 331,053 719,346 12/31/2023 T-12 1,099,835
7.08 Property   1 Prime Storage - Phillipsburg 7/31/2024 T-12 921,031 302,949 618,083 12/31/2023 T-12 937,251
7.09 Property   1 Prime Storage - Fairless Hills 7/31/2024 T-12 945,425 292,138 653,287 12/31/2023 T-12 1,003,538
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd 7/31/2024 T-12 966,029 334,913 631,116 12/31/2023 T-12 977,295
7.11 Property   1 Prime Storage - New Milford 7/31/2024 T-12 937,848 293,059 644,790 12/31/2023 T-12 968,326
7.12 Property   1 Prime Storage - Hyde Park 7/31/2024 T-12 878,986 391,129 487,857 12/31/2023 T-12 846,419
7.13 Property   1 Prime Storage - Clinton 7/31/2024 T-12 728,877 266,898 461,979 12/31/2023 T-12 712,264
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 6/30/2024 T-12 13,637,551 7,151,002 6,486,549 12/31/2023 T-12 12,824,245
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 8/31/2024 T-12 365,891,863 252,422,183 113,469,681 12/31/2023 T-12 326,379,817
9.01 Property   1 Rogers (Bentonville) Embassy Suites 8/31/2024 T-12 28,071,690 15,937,075 12,134,614 12/31/2023 T-12 26,041,560
9.02 Property   1 Frisco Embassy Suites 8/31/2024 T-12 23,421,041 16,198,038 7,223,003 12/31/2023 T-12 19,826,490
9.03 Property   1 Hilton Long Beach 8/31/2024 T-12 33,499,607 25,027,568 8,472,039 12/31/2023 T-12 27,827,873
9.04 Property   1 San Marcos Embassy Suites 8/31/2024 T-12 21,085,957 13,875,623 7,210,334 12/31/2023 T-12 18,830,319
9.05 Property   1 Loveland Embassy Suites 8/31/2024 T-12 20,543,052 14,391,851 6,151,201 12/31/2023 T-12 17,380,417
9.06 Property   1 Albuquerque Embassy Suites 8/31/2024 T-12 16,885,278 12,129,020 4,756,258 12/31/2023 T-12 16,603,918
9.07 Property   1 Branson Chateau Hotel 8/31/2024 T-12 21,444,155 14,745,192 6,698,963 12/31/2023 T-12 19,598,567
9.08 Property   1 Lincoln Embassy Suites 8/31/2024 T-12 14,439,553 9,440,579 4,998,974 12/31/2023 T-12 13,741,581
9.09 Property   1 Richardson Renaissance 8/31/2024 T-12 17,928,421 12,475,030 5,453,391 12/31/2023 T-12 13,333,036
9.10 Property   1 Charleston Embassy Suites 8/31/2024 T-12 15,434,074 10,136,584 5,297,491 12/31/2023 T-12 13,779,547
9.11 Property   1 Nashville South Embassy Suites 8/31/2024 T-12 15,538,099 10,212,692 5,325,407 12/31/2023 T-12 13,947,743
9.12 Property   1 La Vista Embassy Suites 8/31/2024 T-12 17,536,958 12,591,239 4,945,719 12/31/2023 T-12 16,461,054
9.13 Property   1 St. Charles Embassy Suites 8/31/2024 T-12 15,858,101 11,625,978 4,232,123 12/31/2023 T-12 14,662,170
9.14 Property   1 Hot Springs Embassy Suites 8/31/2024 T-12 11,554,866 8,103,549 3,451,317 12/31/2023 T-12 10,505,409
9.15 Property   1 East Peoria Embassy Suites 8/31/2024 T-12 14,270,606 10,107,651 4,162,955 12/31/2023 T-12 11,779,114
9.16 Property   1 Tucson University Marriott 8/31/2024 T-12 14,315,598 10,350,875 3,964,723 12/31/2023 T-12 13,029,808
9.17 Property   1 Embassy Suites Lexington UK Coldstream 8/31/2024 T-12 11,893,566 8,719,466 3,174,099 12/31/2023 T-12 10,773,034
9.18 Property   1 Normal Marriott Hotel 8/31/2024 T-12 12,337,230 9,690,237 2,646,992 12/31/2023 T-12 10,906,050
9.19 Property   1 Oklahoma City Courtyard by Marriott 8/31/2024 T-12 9,371,730 6,690,458 2,681,273 12/31/2023 T-12 8,519,605
9.20 Property   1 North Charleston Residence Inn 8/31/2024 T-12 6,623,240 4,244,963 2,378,277 12/31/2023 T-12 6,948,786
9.21 Property   1 Oklahoma City Residence Inn 8/31/2024 T-12 6,674,143 4,030,954 2,643,189 12/31/2023 T-12 6,072,360
9.22 Property   1 La Vista Courtyard by Marriott 8/31/2024 T-12 6,905,035 4,837,342 2,067,694 12/31/2023 T-12 6,502,803
9.23 Property   1 Springfield Residence Inn 8/31/2024 T-12 5,493,217 3,645,285 1,847,931 12/31/2023 T-12 4,696,416
9.24 Property   1 Fort Smith Courtyard by Marriott 8/31/2024 T-12 4,766,647 3,214,935 1,551,713 12/31/2023 T-12 4,612,159
10 Loan 18, 35 1 The Amnia 8/31/2024 T-9 Ann NAV NAV NAV NAV NAV NAV
11 Loan 31, 36 1 Four Seasons Hotel Seattle 8/31/2024 T-12 43,878,646 36,345,856 7,532,790 12/31/2023 T-12 40,505,722
12 Loan 12, 22, 35, 36 1 Clorox Center 12/31/2022 T-12 7,610,774 691,294 6,919,480 12/31/2021 T-12 7,416,499
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 8/31/2024 T-12 12,380,357 4,510,635 7,869,722 12/31/2023 T-12 12,104,183
14 Loan   1 One Westlake 8/31/2024 T-12 7,098,204 4,862,927 2,235,278 12/31/2023 T-12 5,716,557
15 Loan 9, 10, 22 1 International Plaza II 6/30/2024 T-12 13,977,644 7,603,837 6,373,807 12/31/2023 T-12 10,764,472
16 Loan 10, 33 1 One Park Square 7/31/2024 T-12 8,523,248 4,136,570 4,386,678 12/31/2023 T-12 6,344,494
17 Loan   1 The Abner Apartments 8/31/2024 T-12 3,260,586 1,296,111 1,964,476 12/31/2023 T-12 2,623,697
18 Loan 29, 36 1 Animas Valley MHC 5/31/2024 T-12 3,739,381 944,266 2,795,115 12/31/2023 T-12 3,561,198
19 Loan 35 1 429-431 Kennedy  NAV NAV NAV NAV NAV NAV NAV NAV
20 Loan 19, 20 1 The Hanley Retail 6/30/2024 T-12 2,408,011 455,075 1,952,937 12/31/2023 T-12 2,048,467
21 Loan 29, 36 1 Petaluma Marina Business Center 7/31/2024 T-12 2,844,317 1,279,148 1,565,169 12/31/2023 T-12 2,749,512
22 Loan   1 Lockaway Storage - New Braunfels 7/31/2024 T-12 1,347,459 475,488 871,972 12/31/2023 T-7 Ann 1,402,608
23 Loan 18, 35 1 110 East 1st Street 8/1/2024 T-10 Ann NAV NAV NAV NAV NAV NAV
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAV NAV NAV NAV NAV NAV NAV NAV
24.01 Property   1 6585 East Broad Street NAV NAV NAV NAV NAV NAV NAV NAV
24.02 Property   1 745 Arden Lane NAV NAV NAV NAV NAV NAV NAV NAV
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 7/31/2024 T-12 579,633 163,069 416,564 12/31/2023 T-12 432,402
26 Loan   1 Ranch Road Storage 6/30/2024 T-12 773,253 309,122 464,132 12/31/2023 T-12 723,281

 

 A-1-8 

 

Benchmark 2024-V11 Annex A-1

 

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 ($)
                        18
1 Loan 30, 34 1 Estate Yountville 28,265,628 5,700,238 12/31/2022 T-12 53.4% 42,345,295 29,092,265 13,253,030
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 7,833,041 10,533,391 12/31/2022 T-12 89.0% 21,249,131 12,094,106 9,155,025
3 Loan   1 The Metropolitan Apartments 2,976,777 5,806,701 12/31/2022 T-12 91.7% 10,208,742 3,251,683 6,957,058
4 Loan 31, 35 1 Midlink Business Park 4,217,903 6,597,632 12/31/2022 T-12 95.0% 11,618,752 4,371,446 7,247,306
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 18,192,479 24,041,323 12/31/2022 T-12 83.3% 49,913,938 19,331,831 30,582,107
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 7,202,753 8,599,960 12/31/2022 T-12 84.7% 17,604,036 7,517,550 10,086,486
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 4,378,902 10,157,951 12/31/2022 T-12 86.2% 15,066,094 4,715,875 10,350,219
7.01 Property   1 Prime Storage - Somerville 307,394 967,315 12/31/2022 T-12 92.9% 1,446,678 393,321 1,053,357
7.02 Property   1 Prime Storage - Boston South End 572,104 935,171 12/31/2022 T-12 86.0% 1,628,521 566,653 1,061,868
7.03 Property   1 Prime Storage - Washington 328,495 894,345 12/31/2022 T-12 86.7% 1,303,648 331,394 972,253
7.04 Property   1 Prime Storage - Boston Traveler St. 464,618 791,485 12/31/2022 T-12 87.1% 1,463,634 482,882 980,751
7.05 Property   1 Prime Storage - Newington 497,790 903,401 12/31/2022 T-12 87.9% 1,498,057 521,725 976,332
7.06 Property   1 Prime Storage - Brookfield 367,551 962,257 12/31/2022 T-12 77.2% 1,183,587 396,819 786,768
7.07 Property   1 Prime Storage - Quakertown 285,216 814,619 12/31/2022 T-12 85.6% 1,066,544 305,139 761,405
7.08 Property   1 Prime Storage - Phillipsburg 249,728 687,522 12/31/2022 T-12 87.1% 988,002 293,929 694,073
7.09 Property   1 Prime Storage - Fairless Hills 250,319 753,219 12/31/2022 T-12 84.8% 930,103 256,347 673,756
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd 293,362 683,932 12/31/2022 T-12 84.5% 937,931 283,221 654,710
7.11 Property   1 Prime Storage - New Milford 261,612 706,714 12/31/2022 T-12 81.3% 894,229 278,776 615,453
7.12 Property   1 Prime Storage - Hyde Park 307,174 539,245 12/31/2022 T-12 87.2% 913,530 320,548 592,982
7.13 Property   1 Prime Storage - Clinton 193,537 518,726 12/31/2022 T-12 93.3% 811,630 285,119 526,511
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 6,414,906 6,409,339 12/31/2022 T-12 95.0% 13,619,796 5,029,045 8,590,751
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 225,387,138 100,992,678 12/31/2022 T-12 71.9% 381,876,673 257,838,705 124,037,968
9.01 Property   1 Rogers (Bentonville) Embassy Suites 14,361,354 11,680,206 12/31/2022 T-12 73.8% 30,748,522 17,119,076 13,629,446
9.02 Property   1 Frisco Embassy Suites 14,807,051 5,019,438 12/31/2022 T-12 69.9% 25,060,603 15,891,313 9,169,290
9.03 Property   1 Hilton Long Beach 21,986,755 5,841,118 12/31/2022 T-12 83.0% 33,535,892 25,120,761 8,415,130
9.04 Property   1 San Marcos Embassy Suites 12,527,477 6,302,842 12/31/2022 T-12 73.3% 21,855,879 14,183,931 7,671,947
9.05 Property   1 Loveland Embassy Suites 12,350,952 5,029,465 12/31/2022 T-12 74.4% 22,086,703 14,666,573 7,420,131
9.06 Property   1 Albuquerque Embassy Suites 11,627,302 4,976,615 12/31/2022 T-12 83.2% 20,055,242 13,340,241 6,715,001
9.07 Property   1 Branson Chateau Hotel 12,976,559 6,622,008 12/31/2022 T-12 59.2% 21,589,992 14,826,699 6,763,294
9.08 Property   1 Lincoln Embassy Suites 8,867,230 4,874,351 12/31/2022 T-12 63.1% 14,439,553 9,440,579 4,998,974
9.09 Property   1 Richardson Renaissance 9,825,974 3,507,062 12/31/2022 T-12 62.4% 19,025,832 13,193,725 5,832,107
9.10 Property   1 Charleston Embassy Suites 9,233,645 4,545,901 12/31/2022 T-12 80.4% 16,448,104 10,739,428 5,708,676
9.11 Property   1 Nashville South Embassy Suites 9,330,696 4,617,048 12/31/2022 T-12 70.1% 16,145,854 10,763,413 5,382,440
9.12 Property   1 La Vista Embassy Suites 11,273,393 5,187,661 12/31/2022 T-12 63.3% 18,055,897 12,819,177 5,236,719
9.13 Property   1 St. Charles Embassy Suites 10,204,861 4,457,309 12/31/2022 T-12 78.9% 16,210,347 11,869,905 4,340,442
9.14 Property   1 Hot Springs Embassy Suites 7,452,792 3,052,617 12/31/2022 T-12 67.3% 11,753,669 7,874,899 3,878,770
9.15 Property   1 East Peoria Embassy Suites 8,275,841 3,503,273 12/31/2022 T-12 74.0% 14,257,346 10,013,969 4,243,376
9.16 Property   1 Tucson University Marriott 9,104,596 3,925,212 12/31/2022 T-12 71.5% 13,979,064 10,305,951 3,673,113
9.17 Property   1 Embassy Suites Lexington UK Coldstream 7,711,590 3,061,444 12/31/2022 T-12 66.2% 12,377,993 9,092,094 3,285,899
9.18 Property   1 Normal Marriott Hotel 8,856,728 2,049,323 12/31/2022 T-12 69.0% 12,471,489 9,442,395 3,029,094
9.19 Property   1 Oklahoma City Courtyard by Marriott 6,227,059 2,292,546 12/31/2022 T-12 72.9% 9,994,045 6,656,401 3,337,645
9.20 Property   1 North Charleston Residence Inn 4,176,037 2,772,748 12/31/2022 T-12 81.0% 6,894,592 4,260,073 2,634,519
9.21 Property   1 Oklahoma City Residence Inn 3,681,225 2,391,135 12/31/2022 T-12 83.2% 6,952,366 4,115,350 2,837,017
9.22 Property   1 La Vista Courtyard by Marriott 4,282,547 2,220,256 12/31/2022 T-12 59.2% 7,516,524 5,017,075 2,499,449
9.23 Property   1 Springfield Residence Inn 3,059,011 1,637,405 12/31/2022 T-12 79.5% 5,615,208 3,678,255 1,936,952
9.24 Property   1 Fort Smith Courtyard by Marriott 3,186,465 1,425,693 12/31/2022 T-12 75.4% 4,805,957 3,407,423 1,398,535
10 Loan 18, 35 1 The Amnia NAV NAV NAV NAV 97.0% 4,278,773 364,201 3,914,572
11 Loan 31, 36 1 Four Seasons Hotel Seattle 31,943,433 8,562,290 12/31/2022 T-12 72.5% 44,614,389 37,324,206 7,290,183
12 Loan 12, 22, 35, 36 1 Clorox Center 596,903 6,819,596 12/31/2020 T-12 95.0% 8,828,946 1,951,417 6,877,529
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 4,345,548 7,758,635 12/31/2022 T-12 88.4% 13,182,996 4,678,487 8,504,509
14 Loan   1 One Westlake 4,495,555 1,221,002 12/31/2022 T-12 88.4% 10,426,244 5,312,210 5,114,034
15 Loan 9, 10, 22 1 International Plaza II 4,987,469 5,777,003 12/31/2022 T-12 94.8% 18,664,795 7,725,641 10,939,154
16 Loan 10, 33 1 One Park Square 3,552,406 2,792,088 12/31/2022 T-12 84.2% 11,000,538 4,224,027 6,776,511
17 Loan   1 The Abner Apartments 1,295,164 1,328,533 12/31/2022 T-10 Ann 90.2% 4,096,841 1,368,953 2,727,888
18 Loan 29, 36 1 Animas Valley MHC 917,857 2,643,341 12/31/2022 T-12 95.0% 4,014,539 979,162 3,035,377
19 Loan 35 1 429-431 Kennedy  NAV NAV NAV NAV 95.0% 1,942,065 282,174 1,659,891
20 Loan 19, 20 1 The Hanley Retail 424,365 1,624,102 12/31/2022 T-12 95.0% 2,626,854 470,349 2,156,505
21 Loan 29, 36 1 Petaluma Marina Business Center 1,228,651 1,520,861 12/31/2022 T-12 83.4% 2,830,516 1,288,319 1,542,197
22 Loan   1 Lockaway Storage - New Braunfels 529,383 873,225 12/31/2022 T-12 91.3% 1,418,068 461,462 956,606
23 Loan 18, 35 1 110 East 1st Street NAV NAV NAV NAV 95.3% 1,122,370 240,972 881,399
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAV NAV NAV NAV 95.0% 1,467,557 44,027 1,423,530
24.01 Property   1 6585 East Broad Street NAV NAV NAV NAV NAV NAV NAV NAV
24.02 Property   1 745 Arden Lane NAV NAV NAV NAV NAV NAV NAV NAV
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 156,488 275,914 12/31/2022 T-12 96.5% 750,029 172,267 577,762
26 Loan   1 Ranch Road Storage 291,772 431,508 12/31/2022 T-12 90.5% 766,891 281,782 485,109

 

 A-1-9 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%) Underwritten NCF Debt Yield (%) Appraised Value ($)
                4, 10, 15 4, 10, 15 10 10 20
1 Loan 30, 34 1 Estate Yountville 1,500,986 0 11,752,045 2.39 2.12 14.3% 12.6% 351,200,000
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 75,536 173,262 8,906,227 1.43 1.40 9.8% 9.6% 166,600,000
3 Loan   1 The Metropolitan Apartments 95,360 5,663 6,856,035 1.44 1.42 9.3% 9.1% 130,300,000
4 Loan 31, 35 1 Midlink Business Park 168,701 337,402 6,741,202 1.67 1.55 10.4% 9.6% 105,000,000
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 229,823 1,085,612 29,266,672 1.57 1.51 11.8% 11.3% 516,000,000
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 93,118 505,188 9,488,180 2.26 2.13 14.8% 13.9% 120,300,000
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 165,523 0 10,184,696 1.44 1.42 8.8% 8.6% 181,100,000
7.01 Property   1 Prime Storage - Somerville 11,343 0 1,042,014         18,550,000
7.02 Property   1 Prime Storage - Boston South End 31,400 0 1,030,468         19,150,000
7.03 Property   1 Prime Storage - Washington 7,571 0 964,682         14,900,000
7.04 Property   1 Prime Storage - Boston Traveler St. 17,480 0 963,271         18,600,000
7.05 Property   1 Prime Storage - Newington 13,189 0 963,143         16,600,000
7.06 Property   1 Prime Storage - Brookfield 11,771 0 774,996         15,600,000
7.07 Property   1 Prime Storage - Quakertown 8,343 0 753,062         11,900,000
7.08 Property   1 Prime Storage - Phillipsburg 7,857 0 686,216         11,000,000
7.09 Property   1 Prime Storage - Fairless Hills 13,257 0 660,499         10,300,000
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd 8,216 0 646,494         10,200,000
7.11 Property   1 Prime Storage - New Milford 6,106 0 609,347         11,900,000
7.12 Property   1 Prime Storage - Hyde Park 18,821 0 574,161         10,050,000
7.13 Property   1 Prime Storage - Clinton 10,168 0 516,343         7,800,000
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 204,679 0 8,386,072 1.83 1.79 11.0% 10.7% 115,000,000
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 15,215,922 0 108,822,046 4.76 4.17 26.7% 23.4% 1,448,000,000
9.01 Property   1 Rogers (Bentonville) Embassy Suites 1,223,770 0 12,405,676         129,000,000
9.02 Property   1 Frisco Embassy Suites 997,023 0 8,172,267         109,100,000
9.03 Property   1 Hilton Long Beach 1,336,436 0 7,078,695         118,100,000
9.04 Property   1 San Marcos Embassy Suites 872,477 0 6,799,470         74,800,000
9.05 Property   1 Loveland Embassy Suites 882,235 0 6,537,895         80,700,000
9.06 Property   1 Albuquerque Embassy Suites 802,210 0 5,912,792         79,900,000
9.07 Property   1 Branson Chateau Hotel 862,789 0 5,900,504         70,200,000
9.08 Property   1 Lincoln Embassy Suites 577,582 0 4,421,392         71,200,000
9.09 Property   1 Richardson Renaissance 733,308 0 5,098,799         70,200,000
9.10 Property   1 Charleston Embassy Suites 656,043 0 5,052,634         68,100,000
9.11 Property   1 Nashville South Embassy Suites 645,834 0 4,736,606         58,600,000
9.12 Property   1 La Vista Embassy Suites 722,236 0 4,514,484         66,100,000
9.13 Property   1 St. Charles Embassy Suites 648,414 0 3,692,028         48,900,000
9.14 Property   1 Hot Springs Embassy Suites 470,147 0 3,408,623         37,900,000
9.15 Property   1 East Peoria Embassy Suites 562,420 0 3,680,957         40,200,000
9.16 Property   1 Tucson University Marriott 557,872 0 3,115,241         42,900,000
9.17 Property   1 Embassy Suites Lexington UK Coldstream 495,120 0 2,790,779         43,400,000
9.18 Property   1 Normal Marriott Hotel 498,860 0 2,530,234         27,700,000
9.19 Property   1 Oklahoma City Courtyard by Marriott 399,762 0 2,937,883         31,700,000
9.20 Property   1 North Charleston Residence Inn 275,784 0 2,358,736         27,700,000
9.21 Property   1 Oklahoma City Residence Inn 278,095 0 2,558,922         24,900,000
9.22 Property   1 La Vista Courtyard by Marriott 300,661 0 2,198,788         24,400,000
9.23 Property   1 Springfield Residence Inn 224,608 0 1,712,344         20,500,000
9.24 Property   1 Fort Smith Courtyard by Marriott 192,238 0 1,206,296         15,000,000
10 Loan 18, 35 1 The Amnia 18,488 0 3,896,084 1.30 1.30 8.2% 8.2% 77,500,000
11 Loan 31, 36 1 Four Seasons Hotel Seattle 2,089,645 0 5,200,538 2.27 1.62 16.6% 11.8% 122,100,000
12 Loan 12, 22, 35, 36 1 Clorox Center 96,481 357,338 6,423,710 2.68 2.50 17.0% 15.9% 85,100,000
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 305,779 391,608 7,807,122 2.14 1.97 14.2% 13.0% 96,000,000
14 Loan   1 One Westlake 85,302 400,114 4,628,619 2.24 2.03 15.5% 14.0% 56,000,000
15 Loan 9, 10, 22 1 International Plaza II 77,686 388,430 10,473,038 1.85 1.77 14.0% 13.4% 124,200,000
16 Loan 10, 33 1 One Park Square 70,606 223,561 6,482,343 2.28 2.18 14.2% 13.6% 81,000,000
17 Loan   1 The Abner Apartments 78,000 0 2,649,888 1.60 1.55 10.3% 10.0% 40,400,000
18 Loan 29, 36 1 Animas Valley MHC 49,100 0 2,986,277 2.05 2.02 12.6% 12.4% 45,300,000
19 Loan 35 1 429-431 Kennedy  9,250 0 1,650,641 1.30 1.29 9.0% 8.9% 29,500,000
20 Loan 19, 20 1 The Hanley Retail 2,431 100,000 2,054,074 2.11 2.01 12.0% 11.4% 33,400,000
21 Loan 29, 36 1 Petaluma Marina Business Center 29,133 78,531 1,434,534 1.64 1.53 11.6% 10.8% 22,100,000
22 Loan   1 Lockaway Storage - New Braunfels 15,510 0 941,096 1.42 1.39 9.3% 9.2% 16,300,000
23 Loan 18, 35 1 110 East 1st Street 6,000 0 875,399 1.47 1.46 9.3% 9.2% 14,400,000
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 16,600 41,500 1,365,430 2.16 2.07 15.1% 14.5% 16,550,000
24.01 Property   1 6585 East Broad Street NAV NAV NAV         8,650,000
24.02 Property   1 745 Arden Lane NAV NAV NAV         7,900,000
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 4,500 0 573,262 1.39 1.37 8.3% 8.2% 10,350,000
26 Loan   1 Ranch Road Storage 4,308 0 480,801 1.77 1.75 10.3% 10.2% 7,200,000

 

 A-1-10 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date
          20   10, 20 10, 20 5, 12, 26, 27  
1 Loan 30, 34 1 Estate Yountville As Is 9/5/2024 26.5% 26.5% 53.4% 8/31/2024
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal As Is 7/11/2024 55.8% 55.8% 91.8% 6/30/2024
3 Loan   1 The Metropolitan Apartments As Is 9/9/2024 57.6% 57.6% 93.4% 9/30/2024
4 Loan 31, 35 1 Midlink Business Park As Is 8/29/2024 66.7% 66.7% 97.0% 7/30/2024
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square As Is 5/24/2024 50.4% 50.4% 82.5% 9/9/2024
6 Loan 19, 25, 26, 36 1 Royal Palm I & II As Is 8/14/2024 56.7% 56.7% 84.4% 9/16/2024
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio As Portfolio 7/31/2024 65.2% 65.2% 86.2%  
7.01 Property   1 Prime Storage - Somerville As Is 7/17/2024     92.2% 8/13/2024
7.02 Property   1 Prime Storage - Boston South End As Is 7/17/2024     83.0% 8/13/2024
7.03 Property   1 Prime Storage - Washington As Is 7/12/2024     87.3% 8/13/2024
7.04 Property   1 Prime Storage - Boston Traveler St. As Is 7/17/2024     90.1% 8/13/2024
7.05 Property   1 Prime Storage - Newington As Is 7/17/2024     88.7% 8/13/2024
7.06 Property   1 Prime Storage - Brookfield As Is 7/17/2024     76.8% 8/13/2024
7.07 Property   1 Prime Storage - Quakertown As Is 7/12/2024     86.0% 8/13/2024
7.08 Property   1 Prime Storage - Phillipsburg As Is 7/12/2024     86.9% 8/13/2024
7.09 Property   1 Prime Storage - Fairless Hills As Is 7/15/2024     85.4% 8/13/2024
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd As Is 7/15/2024     87.2% 8/13/2024
7.11 Property   1 Prime Storage - New Milford As Is 7/17/2024     82.7% 8/13/2024
7.12 Property   1 Prime Storage - Hyde Park As Is 7/17/2024     86.9% 8/13/2024
7.13 Property   1 Prime Storage - Clinton As Is 7/18/2024     93.5% 8/13/2024
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions As Is 8/5/2024 68.2% 68.2% 96.6% 8/5/2024
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack As Is Portfolio 5/13/2024 32.1% 32.1% 71.9%  
9.01 Property   1 Rogers (Bentonville) Embassy Suites As Is 5/13/2024     73.8% 8/31/2024
9.02 Property   1 Frisco Embassy Suites As Is 5/13/2024     69.9% 8/31/2024
9.03 Property   1 Hilton Long Beach As Is 5/13/2024     83.0% 8/31/2024
9.04 Property   1 San Marcos Embassy Suites As Is 5/13/2024     73.3% 8/31/2024
9.05 Property   1 Loveland Embassy Suites As Is 5/13/2024     74.4% 8/31/2024
9.06 Property   1 Albuquerque Embassy Suites As Is 5/13/2024     83.2% 8/31/2024
9.07 Property   1 Branson Chateau Hotel As Is 5/13/2024     59.2% 8/31/2024
9.08 Property   1 Lincoln Embassy Suites As Is 5/13/2024     63.1% 8/31/2024
9.09 Property   1 Richardson Renaissance As Is 5/13/2024     62.4% 8/31/2024
9.10 Property   1 Charleston Embassy Suites As Is 5/13/2024     80.4% 8/31/2024
9.11 Property   1 Nashville South Embassy Suites As Is 5/13/2024     70.1% 8/31/2024
9.12 Property   1 La Vista Embassy Suites As Is 5/13/2024     63.3% 8/31/2024
9.13 Property   1 St. Charles Embassy Suites As Is 5/13/2024     78.9% 8/31/2024
9.14 Property   1 Hot Springs Embassy Suites As Is 5/13/2024     67.3% 8/31/2024
9.15 Property   1 East Peoria Embassy Suites As Is 5/13/2024     74.0% 8/31/2024
9.16 Property   1 Tucson University Marriott As Is 5/13/2024     71.5% 8/31/2024
9.17 Property   1 Embassy Suites Lexington UK Coldstream As Is 5/13/2024     66.2% 8/31/2024
9.18 Property   1 Normal Marriott Hotel As Is 5/13/2024     69.0% 8/31/2024
9.19 Property   1 Oklahoma City Courtyard by Marriott As Is 5/13/2024     72.9% 8/31/2024
9.20 Property   1 North Charleston Residence Inn As Is 5/13/2024     81.0% 8/31/2024
9.21 Property   1 Oklahoma City Residence Inn As Is 5/13/2024     83.2% 8/31/2024
9.22 Property   1 La Vista Courtyard by Marriott As Is 5/13/2024     59.2% 8/31/2024
9.23 Property   1 Springfield Residence Inn As Is 5/13/2024     79.5% 8/31/2024
9.24 Property   1 Fort Smith Courtyard by Marriott As Is 5/13/2024     75.4% 8/31/2024
10 Loan 18, 35 1 The Amnia As Is 7/23/2024 61.3% 61.3% 98.6% 9/17/2024
11 Loan 31, 36 1 Four Seasons Hotel Seattle As Is 7/29/2024 36.0% 36.0% 72.5% 8/31/2024
12 Loan 12, 22, 35, 36 1 Clorox Center As Is 4/15/2024 47.5% 47.5% 100.0% 11/6/2024
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center As Is 8/22/2024 62.5% 62.5% 88.2% 6/30/2024
14 Loan   1 One Westlake As Is 7/25/2024 59.1% 59.1% 87.2% 9/25/2024
15 Loan 9, 10, 22 1 International Plaza II As Is 8/19/2024 63.1% 63.1% 93.5% 8/2/2024
16 Loan 10, 33 1 One Park Square As Is 7/17/2024 58.8% 58.8% 85.1% 9/11/2024
17 Loan   1 The Abner Apartments As Is 9/9/2024 65.6% 65.6% 91.3% 7/15/2024
18 Loan 29, 36 1 Animas Valley MHC As Is 5/30/2024 53.0% 53.0% 95.3% 5/2/2024
19 Loan 35 1 429-431 Kennedy  As Is 7/10/2024 62.7% 62.7% 100.0% 8/1/2024
20 Loan 19, 20 1 The Hanley Retail Prospective Market Value Upon Stabilization 11/1/2025 53.9% 53.9% 100.0% 9/10/2024
21 Loan 29, 36 1 Petaluma Marina Business Center As Is 6/3/2024 59.9% 59.9% 82.9% 9/25/2024
22 Loan   1 Lockaway Storage - New Braunfels As Is 8/11/2024 62.9% 62.9% 91.6% 7/31/2024
23 Loan 18, 35 1 110 East 1st Street As Is 8/5/2024 66.0% 66.0% 100.0% 9/18/2024
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad As Is 6/21/2024 56.9% 56.9% 100.0%  
24.01 Property   1 6585 East Broad Street As Is 6/21/2024     100.0% 11/6/2024
24.02 Property   1 745 Arden Lane As Is 6/21/2024     100.0% 11/6/2024
25 Loan 12, 18, 28, 31, 35 1 137 Rivington As Is 8/1/2024 67.1% 67.1% 100.0% 8/16/2024
26 Loan   1 Ranch Road Storage As Is 8/11/2024 65.3% 65.3% 95.7% 7/31/2024

 

 A-1-11 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Single Tenant (Y/N) Largest Tenant Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date Second Largest Tenant
            28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30 28, 29, 30
1 Loan 30, 34 1 Estate Yountville NAP NAP NAP NAP NAP NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal No Target Corporation 194,290 52.3% 1/31/2030 DSW Shoe Warehouse, Inc.
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park No Kaiser Aluminum Fab Prod 464,519 27.5% 8/31/2033 Landscape Forms
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square No Jones Day 115,000 10.6% 11/30/2036 WeWork
6 Loan 19, 25, 26, 36 1 Royal Palm I & II No Virgin Voyages 60,647 13.0% 5/31/2030 GSA
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio            
7.01 Property   1 Prime Storage - Somerville NAP NAP NAP NAP NAP NAP
7.02 Property   1 Prime Storage - Boston South End NAP NAP NAP NAP NAP NAP
7.03 Property   1 Prime Storage - Washington NAP NAP NAP NAP NAP NAP
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP NAP NAP NAP NAP
7.05 Property   1 Prime Storage - Newington NAP NAP NAP NAP NAP NAP
7.06 Property   1 Prime Storage - Brookfield NAP NAP NAP NAP NAP NAP
7.07 Property   1 Prime Storage - Quakertown NAP NAP NAP NAP NAP NAP
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP NAP NAP NAP NAP
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP NAP NAP NAP NAP
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP NAP NAP NAP NAP
7.11 Property   1 Prime Storage - New Milford NAP NAP NAP NAP NAP NAP
7.12 Property   1 Prime Storage - Hyde Park NAP NAP NAP NAP NAP NAP
7.13 Property   1 Prime Storage - Clinton NAP NAP NAP NAP NAP NAP
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP NAP NAP NAP NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack            
9.01 Property   1 Rogers (Bentonville) Embassy Suites NAP NAP NAP NAP NAP NAP
9.02 Property   1 Frisco Embassy Suites NAP NAP NAP NAP NAP NAP
9.03 Property   1 Hilton Long Beach NAP NAP NAP NAP NAP NAP
9.04 Property   1 San Marcos Embassy Suites NAP NAP NAP NAP NAP NAP
9.05 Property   1 Loveland Embassy Suites NAP NAP NAP NAP NAP NAP
9.06 Property   1 Albuquerque Embassy Suites NAP NAP NAP NAP NAP NAP
9.07 Property   1 Branson Chateau Hotel NAP NAP NAP NAP NAP NAP
9.08 Property   1 Lincoln Embassy Suites NAP NAP NAP NAP NAP NAP
9.09 Property   1 Richardson Renaissance NAP NAP NAP NAP NAP NAP
9.10 Property   1 Charleston Embassy Suites NAP NAP NAP NAP NAP NAP
9.11 Property   1 Nashville South Embassy Suites NAP NAP NAP NAP NAP NAP
9.12 Property   1 La Vista Embassy Suites NAP NAP NAP NAP NAP NAP
9.13 Property   1 St. Charles Embassy Suites NAP NAP NAP NAP NAP NAP
9.14 Property   1 Hot Springs Embassy Suites NAP NAP NAP NAP NAP NAP
9.15 Property   1 East Peoria Embassy Suites NAP NAP NAP NAP NAP NAP
9.16 Property   1 Tucson University Marriott NAP NAP NAP NAP NAP NAP
9.17 Property   1 Embassy Suites Lexington UK Coldstream NAP NAP NAP NAP NAP NAP
9.18 Property   1 Normal Marriott Hotel NAP NAP NAP NAP NAP NAP
9.19 Property   1 Oklahoma City Courtyard by Marriott NAP NAP NAP NAP NAP NAP
9.20 Property   1 North Charleston Residence Inn NAP NAP NAP NAP NAP NAP
9.21 Property   1 Oklahoma City Residence Inn NAP NAP NAP NAP NAP NAP
9.22 Property   1 La Vista Courtyard by Marriott NAP NAP NAP NAP NAP NAP
9.23 Property   1 Springfield Residence Inn NAP NAP NAP NAP NAP NAP
9.24 Property   1 Fort Smith Courtyard by Marriott NAP NAP NAP NAP NAP NAP
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP NAP NAP NAP NAP
12 Loan 12, 22, 35, 36 1 Clorox Center Yes Clorox 357,338 100.0% 3/17/2031 NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center No Ainsworth-Noah & Associates 33,390 8.0% 1/31/2027 Jerry Pair & Associates, Inc.
14 Loan   1 One Westlake No Amerihome 80,671 23.6% 8/31/2026 Dole Package Foods
15 Loan 9, 10, 22 1 International Plaza II No Trinity Industries 155,200 40.0% 1/31/2037 Interstate Batteries
16 Loan 10, 33 1 One Park Square No AvMed 56,890 20.1% 9/30/2033 Crown Castle
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail No ALO, LLC 5,438 33.6% 12/31/2030 Solidcore New York, LLC
21 Loan 29, 36 1 Petaluma Marina Business Center No Regus (HQ Global Workplaces) 16,908 14.5% 6/30/2028 Headlands Asset Management LLC
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad            
24.01 Property   1 6585 East Broad Street Yes Esporta OH 45,000 100.0% 6/30/2033 NAP
24.02 Property   1 745 Arden Lane Yes LA Fitness SC 38,000 100.0% 2/28/2034 NAP
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP NAP

 

 A-1-12 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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
          28, 29, 30 28, 29, 30 6, 28, 29, 30 28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30
1 Loan 30, 34 1 Estate Yountville NAP NAP NAP NAP NAP NAP NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 25,220 6.8% 1/31/2030 Chuck E Cheese 22,418 6.0% 7/31/2025
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park 255,760 15.2% 12/31/2027 Graphic Packaging Intl Inc 148,000 8.8% 12/31/2027
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 44,463 4.1% 4/30/2032 SPACES 42,273 3.9% 5/31/2029
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 48,091 10.3% 11/25/2027 Pediatric Associates 34,975 7.5% 6/30/2030
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio              
7.01 Property   1 Prime Storage - Somerville NAP NAP NAP NAP NAP NAP NAP
7.02 Property   1 Prime Storage - Boston South End NAP NAP NAP NAP NAP NAP NAP
7.03 Property   1 Prime Storage - Washington NAP NAP NAP NAP NAP NAP NAP
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP NAP NAP NAP NAP NAP
7.05 Property   1 Prime Storage - Newington NAP NAP NAP NAP NAP NAP NAP
7.06 Property   1 Prime Storage - Brookfield NAP NAP NAP NAP NAP NAP NAP
7.07 Property   1 Prime Storage - Quakertown NAP NAP NAP NAP NAP NAP NAP
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP NAP NAP NAP NAP NAP
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP NAP NAP NAP NAP NAP
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP NAP NAP NAP NAP NAP
7.11 Property   1 Prime Storage - New Milford NAP NAP NAP NAP NAP NAP NAP
7.12 Property   1 Prime Storage - Hyde Park NAP NAP NAP NAP NAP NAP NAP
7.13 Property   1 Prime Storage - Clinton NAP NAP NAP NAP NAP NAP NAP
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP NAP NAP NAP NAP NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack              
9.01 Property   1 Rogers (Bentonville) Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.02 Property   1 Frisco Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.03 Property   1 Hilton Long Beach NAP NAP NAP NAP NAP NAP NAP
9.04 Property   1 San Marcos Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.05 Property   1 Loveland Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.06 Property   1 Albuquerque Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.07 Property   1 Branson Chateau Hotel NAP NAP NAP NAP NAP NAP NAP
9.08 Property   1 Lincoln Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.09 Property   1 Richardson Renaissance NAP NAP NAP NAP NAP NAP NAP
9.10 Property   1 Charleston Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.11 Property   1 Nashville South Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.12 Property   1 La Vista Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.13 Property   1 St. Charles Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.14 Property   1 Hot Springs Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.15 Property   1 East Peoria Embassy Suites NAP NAP NAP NAP NAP NAP NAP
9.16 Property   1 Tucson University Marriott NAP NAP NAP NAP NAP NAP NAP
9.17 Property   1 Embassy Suites Lexington UK Coldstream NAP NAP NAP NAP NAP NAP NAP
9.18 Property   1 Normal Marriott Hotel NAP NAP NAP NAP NAP NAP NAP
9.19 Property   1 Oklahoma City Courtyard by Marriott NAP NAP NAP NAP NAP NAP NAP
9.20 Property   1 North Charleston Residence Inn NAP NAP NAP NAP NAP NAP NAP
9.21 Property   1 Oklahoma City Residence Inn NAP NAP NAP NAP NAP NAP NAP
9.22 Property   1 La Vista Courtyard by Marriott NAP NAP NAP NAP NAP NAP NAP
9.23 Property   1 Springfield Residence Inn NAP NAP NAP NAP NAP NAP NAP
9.24 Property   1 Fort Smith Courtyard by Marriott NAP NAP NAP NAP NAP NAP NAP
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP NAP NAP NAP NAP NAP
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP NAP NAP NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 19,784 4.7% 12/31/2026 Earnest Gaspard & Associates 15,750 3.8% 6/30/2025
14 Loan   1 One Westlake 39,253 11.5% 7/31/2033 National Veterinary Associates 27,070 7.9% 11/30/2033
15 Loan 9, 10, 22 1 International Plaza II 77,435 19.9% 6/30/2033 Freeman Holdings 65,684 16.9% 10/31/2035
16 Loan 10, 33 1 One Park Square 38,846 13.8% 10/31/2032 Amadeus North America 35,076 12.4% 9/30/2026
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail 3,400 21.0% 1/31/2033 Madison Reed Color Bar II, LLC 1,529 9.4% 5/31/2032
21 Loan 29, 36 1 Petaluma Marina Business Center 7,948 6.8% 12/31/2025 Eugene Burger Mgmt Corp. 4,977 4.3% 9/30/2028
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad              
24.01 Property   1 6585 East Broad Street NAP NAP NAP NAP NAP NAP NAP
24.02 Property   1 745 Arden Lane NAP NAP NAP NAP NAP NAP NAP
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP NAP NAP

 

 A-1-13 

 

Benchmark 2024-V11 Annex A-1

 

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
          30 30 30 6, 30 28, 29, 30 28, 29, 30
1 Loan 30, 34 1 Estate Yountville NAP NAP NAP NAP NAP NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal Victoria's Secret 14,690 4.0% 1/31/2029 Uniqlo USA LLC 14,145
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park Sigma Machine Inc 116,438 6.9% 4/30/2026 CHEP USA 78,400
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square WebMD 42,112 3.9% 3/31/2028 iPic Theater 38,011
6 Loan 19, 25, 26, 36 1 Royal Palm I & II Brookfield Hospitality  34,936 7.5% 3/31/2032 Thales USA Inc. 27,683
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio            
7.01 Property   1 Prime Storage - Somerville NAP NAP NAP NAP NAP NAP
7.02 Property   1 Prime Storage - Boston South End NAP NAP NAP NAP NAP NAP
7.03 Property   1 Prime Storage - Washington NAP NAP NAP NAP NAP NAP
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP NAP NAP NAP NAP
7.05 Property   1 Prime Storage - Newington NAP NAP NAP NAP NAP NAP
7.06 Property   1 Prime Storage - Brookfield NAP NAP NAP NAP NAP NAP
7.07 Property   1 Prime Storage - Quakertown NAP NAP NAP NAP NAP NAP
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP NAP NAP NAP NAP
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP NAP NAP NAP NAP
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP NAP NAP NAP NAP
7.11 Property   1 Prime Storage - New Milford NAP NAP NAP NAP NAP NAP
7.12 Property   1 Prime Storage - Hyde Park NAP NAP NAP NAP NAP NAP
7.13 Property   1 Prime Storage - Clinton NAP NAP NAP NAP NAP NAP
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP NAP NAP NAP NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack            
9.01 Property   1 Rogers (Bentonville) Embassy Suites NAP NAP NAP NAP NAP NAP
9.02 Property   1 Frisco Embassy Suites NAP NAP NAP NAP NAP NAP
9.03 Property   1 Hilton Long Beach NAP NAP NAP NAP NAP NAP
9.04 Property   1 San Marcos Embassy Suites NAP NAP NAP NAP NAP NAP
9.05 Property   1 Loveland Embassy Suites NAP NAP NAP NAP NAP NAP
9.06 Property   1 Albuquerque Embassy Suites NAP NAP NAP NAP NAP NAP
9.07 Property   1 Branson Chateau Hotel NAP NAP NAP NAP NAP NAP
9.08 Property   1 Lincoln Embassy Suites NAP NAP NAP NAP NAP NAP
9.09 Property   1 Richardson Renaissance NAP NAP NAP NAP NAP NAP
9.10 Property   1 Charleston Embassy Suites NAP NAP NAP NAP NAP NAP
9.11 Property   1 Nashville South Embassy Suites NAP NAP NAP NAP NAP NAP
9.12 Property   1 La Vista Embassy Suites NAP NAP NAP NAP NAP NAP
9.13 Property   1 St. Charles Embassy Suites NAP NAP NAP NAP NAP NAP
9.14 Property   1 Hot Springs Embassy Suites NAP NAP NAP NAP NAP NAP
9.15 Property   1 East Peoria Embassy Suites NAP NAP NAP NAP NAP NAP
9.16 Property   1 Tucson University Marriott NAP NAP NAP NAP NAP NAP
9.17 Property   1 Embassy Suites Lexington UK Coldstream NAP NAP NAP NAP NAP NAP
9.18 Property   1 Normal Marriott Hotel NAP NAP NAP NAP NAP NAP
9.19 Property   1 Oklahoma City Courtyard by Marriott NAP NAP NAP NAP NAP NAP
9.20 Property   1 North Charleston Residence Inn NAP NAP NAP NAP NAP NAP
9.21 Property   1 Oklahoma City Residence Inn NAP NAP NAP NAP NAP NAP
9.22 Property   1 La Vista Courtyard by Marriott NAP NAP NAP NAP NAP NAP
9.23 Property   1 Springfield Residence Inn NAP NAP NAP NAP NAP NAP
9.24 Property   1 Fort Smith Courtyard by Marriott NAP NAP NAP NAP NAP NAP
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP NAP NAP NAP NAP
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP NAP NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center Donohue & Travis, Inc. 14,012 3.3% 5/31/2025 Paul + Inc dba Paul + 13,714
14 Loan   1 One Westlake Anchor Nationwide Loans 25,956 7.6% 6/30/2026 VS Media 23,696
15 Loan 9, 10, 22 1 International Plaza II Forvis 30,650 7.9% 1/31/2035 IMA 30,650
16 Loan 10, 33 1 One Park Square The Latin Recording Academy 12,185 4.3% 6/28/2025 Sysmex 10,303
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail TRR NYC 1,479 9.1% 8/31/2029 Aesop USA, Inc 1,345
21 Loan 29, 36 1 Petaluma Marina Business Center Hanford ARC 4,173 3.6% 9/30/2027 Willa Behavioral Health, Inc. 3,789
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad            
24.01 Property   1 6585 East Broad Street NAP NAP NAP NAP NAP NAP
24.02 Property   1 745 Arden Lane NAP NAP NAP NAP NAP NAP
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP NAP

 

 A-1-14 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest
          28, 29, 30 6, 28, 29, 30             26
1 Loan 30, 34 1 Estate Yountville NAP NAP 9/25/2024 NAP 9/25/2024 9/23/2024 13% No Fee
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 3.8% 1/31/2029 7/22/2024 NAP 7/22/2024 NAP NAP No Leasehold
3 Loan   1 The Metropolitan Apartments NAP NAP 9/17/2024 NAP 9/17/2024 NAP NAP Yes - AE Fee
4 Loan 31, 35 1 Midlink Business Park 4.6% 8/31/2028 9/6/2024 NAP 9/6/2024 NAP NAP No Fee
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 3.5% 12/31/2040 6/5/2024 NAP 6/5/2024 NAP NAP No Fee
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 5.9% 6/30/2025 8/15/2024 NAP 8/15/2024 NAP NAP No Fee
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio                  
7.01 Property   1 Prime Storage - Somerville NAP NAP 7/29/2024 NAP 7/30/2024 NAP NAP No Fee
7.02 Property   1 Prime Storage - Boston South End NAP NAP 7/29/2024 NAP 7/25/2024 NAP NAP No Fee
7.03 Property   1 Prime Storage - Washington NAP NAP 7/29/2024 NAP 7/25/2024 NAP NAP No Fee
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP 7/25/2024 NAP 7/25/2024 NAP NAP No Fee
7.05 Property   1 Prime Storage - Newington NAP NAP 7/25/2024 NAP 7/26/2024 NAP NAP No Fee
7.06 Property   1 Prime Storage - Brookfield NAP NAP 7/25/2024 NAP 7/25/2024 NAP NAP No Fee
7.07 Property   1 Prime Storage - Quakertown NAP NAP 7/26/2024 NAP 7/29/2024 NAP NAP No Fee
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP 7/26/2024 NAP 7/25/2024 NAP NAP No Fee
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP 7/25/2024 NAP 7/25/2024 NAP NAP No Fee
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP 7/26/2024 NAP 7/25/2024 NAP NAP No Fee
7.11 Property   1 Prime Storage - New Milford NAP NAP 7/25/2024 NAP 7/25/2024 NAP NAP No Fee
7.12 Property   1 Prime Storage - Hyde Park NAP NAP 7/25/2024 NAP 7/30/2024 NAP NAP No Fee
7.13 Property   1 Prime Storage - Clinton NAP NAP 7/25/2024 NAP 7/26/2024 NAP NAP No Fee
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP 6/27/2024 NAP 7/29/2024 NAP NAP Yes - AE Fee / Leasehold
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack                  
9.01 Property   1 Rogers (Bentonville) Embassy Suites NAP NAP 5/10/2024 NAP 5/24/2024 NAP NAP No Fee
9.02 Property   1 Frisco Embassy Suites NAP NAP 5/24/2024 NAP 5/14/2024 NAP NAP No Fee
9.03 Property   1 Hilton Long Beach NAP NAP 5/10/2024 NAP 5/15/2024 5/9/2024 12% No Fee
9.04 Property   1 San Marcos Embassy Suites NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
9.05 Property   1 Loveland Embassy Suites NAP NAP 5/14/2024 NAP 5/14/2024 NAP NAP No Fee / Leasehold
9.06 Property   1 Albuquerque Embassy Suites NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP No Fee
9.07 Property   1 Branson Chateau Hotel NAP NAP 5/14/2024 NAP 5/15/2024 NAP NAP No Fee
9.08 Property   1 Lincoln Embassy Suites NAP NAP 5/24/2024 NAP 5/24/2024 NAP NAP No Fee
9.09 Property   1 Richardson Renaissance NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP No Fee
9.10 Property   1 Charleston Embassy Suites NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP Yes - AE Fee
9.11 Property   1 Nashville South Embassy Suites NAP NAP 5/9/2024 NAP 5/14/2024 NAP NAP No Fee
9.12 Property   1 La Vista Embassy Suites NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
9.13 Property   1 St. Charles Embassy Suites NAP NAP 5/10/2024 NAP 5/13/2024 NAP NAP No Leasehold
9.14 Property   1 Hot Springs Embassy Suites NAP NAP 5/10/2024 NAP 5/15/2024 NAP NAP No Fee
9.15 Property   1 East Peoria Embassy Suites NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP Yes - AE Leasehold
9.16 Property   1 Tucson University Marriott NAP NAP 5/10/2024 NAP 5/24/2024 NAP NAP No Leasehold
9.17 Property   1 Embassy Suites Lexington UK Coldstream NAP NAP 5/14/2024 NAP 5/15/2024 NAP NAP No Leasehold
9.18 Property   1 Normal Marriott Hotel NAP NAP 5/24/2024 NAP 5/24/2024 NAP NAP No Fee
9.19 Property   1 Oklahoma City Courtyard by Marriott NAP NAP 5/24/2024 NAP 5/24/2024 NAP NAP No Fee
9.20 Property   1 North Charleston Residence Inn NAP NAP 5/24/2024 NAP 5/15/2024 5/9/2024 9% No Leasehold
9.21 Property   1 Oklahoma City Residence Inn NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
9.22 Property   1 La Vista Courtyard by Marriott NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP No Fee
9.23 Property   1 Springfield Residence Inn NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
9.24 Property   1 Fort Smith Courtyard by Marriott NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
10 Loan 18, 35 1 The Amnia NAP NAP 7/19/2024 NAP 7/19/2024 NAP NAP No Fee
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP 8/15/2024 NAP 8/15/2024 8/14/2024 12% No Fee
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP 2/7/2024 NAP 3/28/2024 1/5/2024 14% No Fee
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 3.3% 4/30/2032 8/28/2024 NAP 9/11/2024 NAP NAP Yes - AE Fee
14 Loan   1 One Westlake 6.9% 3/31/2030 9/10/2024 NAP 9/10/2024 9/10/2024 13% No Fee
15 Loan 9, 10, 22 1 International Plaza II 7.9% 6/30/2033 7/10/2024 NAP 8/21/2024 NAP NAP No Fee
16 Loan 10, 33 1 One Park Square 3.6% 12/31/2027 7/1/2024 NAP 6/27/2024 NAP NAP Yes - AH Fee
17 Loan   1 The Abner Apartments NAP NAP 9/19/2024 NAP 9/19/2024 NAP NAP No Fee
18 Loan 29, 36 1 Animas Valley MHC NAP NAP 7/15/2024 NAP 7/15/2024 NAP NAP No Fee
19 Loan 35 1 429-431 Kennedy  NAP NAP 9/5/2024 NAP 9/5/2024 NAP NAP No Fee
20 Loan 19, 20 1 The Hanley Retail 8.3% 4/30/2035 8/14/2024 NAP 8/14/2024 NAP NAP No Fee
21 Loan 29, 36 1 Petaluma Marina Business Center 3.3% 5/31/2027 6/26/2024 NAP 6/26/2024 6/26/2024 12% Yes - AE Fee
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP 8/21/2024 NAP 8/23/2024 NAP NAP No Fee
23 Loan 18, 35 1 110 East 1st Street NAP NAP 9/17/2024 NAP 9/17/2024 NAP NAP No Fee
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad                  
24.01 Property   1 6585 East Broad Street NAP NAP 5/30/2024 NAP 5/30/2024 NAP NAP No Fee
24.02 Property   1 745 Arden Lane NAP NAP 5/30/2024 NAP 5/30/2024 NAP NAP No Fee
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP 4/24/2024 NAP 4/24/2024 NAP NAP No Fee
26 Loan   1 Ranch Road Storage NAP NAP 8/7/2024 NAP 8/6/2024 NAP NAP No Fee

 

 A-1-15 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($)
          26 26 26 26    
1 Loan 30, 34 1 Estate Yountville NAP NAP NAP NAP 0 0
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 8/4/2094 None 240,429 No 0 377,716
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP 164,063 54,688
4 Loan 31, 35 1 Midlink Business Park NAP NAP NAP NAP 256,347 49,439
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square NAP NAP NAP NAP 0 375,955
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP NAP NAP NAP 2,854,800 225,667
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio         364,229 121,410
7.01 Property   1 Prime Storage - Somerville NAP NAP NAP NAP    
7.02 Property   1 Prime Storage - Boston South End NAP NAP NAP NAP    
7.03 Property   1 Prime Storage - Washington NAP NAP NAP NAP    
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP NAP NAP    
7.05 Property   1 Prime Storage - Newington NAP NAP NAP NAP    
7.06 Property   1 Prime Storage - Brookfield NAP NAP NAP NAP    
7.07 Property   1 Prime Storage - Quakertown NAP NAP NAP NAP    
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP NAP NAP    
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP NAP NAP    
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP NAP NAP    
7.11 Property   1 Prime Storage - New Milford NAP NAP NAP NAP    
7.12 Property   1 Prime Storage - Hyde Park NAP NAP NAP NAP    
7.13 Property   1 Prime Storage - Clinton NAP NAP NAP NAP    
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 10/31/2123 1, 99-year extension option 71,000 No 1,586,084 158,608
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack         0 Springing
9.01 Property   1 Rogers (Bentonville) Embassy Suites NAP NAP NAP NAP    
9.02 Property   1 Frisco Embassy Suites NAP NAP NAP NAP    
9.03 Property   1 Hilton Long Beach NAP NAP NAP NAP    
9.04 Property   1 San Marcos Embassy Suites NAP NAP NAP NAP    
9.05 Property   1 Loveland Embassy Suites 4/9/2064 None 1.5% of Adjusted Room Revenue No    
9.06 Property   1 Albuquerque Embassy Suites NAP NAP NAP NAP    
9.07 Property   1 Branson Chateau Hotel NAP NAP NAP NAP    
9.08 Property   1 Lincoln Embassy Suites NAP NAP NAP NAP    
9.09 Property   1 Richardson Renaissance NAP NAP NAP NAP    
9.10 Property   1 Charleston Embassy Suites NAP NAP NAP NAP    
9.11 Property   1 Nashville South Embassy Suites NAP NAP NAP NAP    
9.12 Property   1 La Vista Embassy Suites NAP NAP NAP NAP    
9.13 Property   1 St. Charles Embassy Suites 4/30/2058 4, 10-year extension options $100.00 plus 0.75% of Adjusted Room Revenue No    
9.14 Property   1 Hot Springs Embassy Suites NAP NAP NAP NAP    
9.15 Property   1 East Peoria Embassy Suites 9/1/2027 None 180,000 No    
9.16 Property   1 Tucson University Marriott 6/30/2094 None 153,782 Yes    
9.17 Property   1 Embassy Suites Lexington UK Coldstream 12/1/2092 None 200,712 Yes    
9.18 Property   1 Normal Marriott Hotel NAP NAP NAP NAP    
9.19 Property   1 Oklahoma City Courtyard by Marriott NAP NAP NAP NAP    
9.20 Property   1 North Charleston Residence Inn 5/31/2058 None 80,000 No    
9.21 Property   1 Oklahoma City Residence Inn NAP NAP NAP NAP    
9.22 Property   1 La Vista Courtyard by Marriott NAP NAP NAP NAP    
9.23 Property   1 Springfield Residence Inn NAP NAP NAP NAP    
9.24 Property   1 Fort Smith Courtyard by Marriott NAP NAP NAP NAP    
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP 13,045 3,261
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP NAP NAP 0 Springing
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP 0 Springing
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center NAP NAP NAP NAP 0 Springing
14 Loan   1 One Westlake NAP NAP NAP NAP 144,200 102,406
15 Loan 9, 10, 22 1 International Plaza II NAP NAP NAP NAP 1,750,081 171,577
16 Loan 10, 33 1 One Park Square NAP NAP NAP NAP 1,236,121 106,100
17 Loan   1 The Abner Apartments NAP NAP NAP NAP 359,333 32,667
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP 97,881 24,470
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP 2,725 1,363
20 Loan 19, 20 1 The Hanley Retail NAP NAP NAP NAP 105,912 26,478
21 Loan 29, 36 1 Petaluma Marina Business Center NAP NAP NAP NAP 89,358 12,765
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP 124,920 13,880
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP 44,906 11,227
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad         248,002 49,600
24.01 Property   1 6585 East Broad Street NAP NAP NAP NAP    
24.02 Property   1 745 Arden Lane NAP NAP NAP NAP    
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP 30,441 7,610
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP 58,939 5,894

 

 A-1-16 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($)
                 
1 Loan 30, 34 1 Estate Yountville 0 Springing 0 125,355
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 0 Springing 0 5,632
3 Loan   1 The Metropolitan Apartments 225,880 20,535 0 7,947
4 Loan 31, 35 1 Midlink Business Park 100,191 Springing 0 14,058
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 0 Springing 0 19,152
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 760,770 Springing 0 7,760
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 0 Springing 0 13,794
7.01 Property   1 Prime Storage - Somerville        
7.02 Property   1 Prime Storage - Boston South End        
7.03 Property   1 Prime Storage - Washington        
7.04 Property   1 Prime Storage - Boston Traveler St.        
7.05 Property   1 Prime Storage - Newington        
7.06 Property   1 Prime Storage - Brookfield        
7.07 Property   1 Prime Storage - Quakertown        
7.08 Property   1 Prime Storage - Phillipsburg        
7.09 Property   1 Prime Storage - Fairless Hills        
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd        
7.11 Property   1 Prime Storage - New Milford        
7.12 Property   1 Prime Storage - Hyde Park        
7.13 Property   1 Prime Storage - Clinton        
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 169,239 84,619 0 17,057
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 0 Springing 40,000,000 Sum of (i) 4% of Gross Income from Operations and (ii) commencing on the Payment Date in
November 2026, $1,000,000
9.01 Property   1 Rogers (Bentonville) Embassy Suites        
9.02 Property   1 Frisco Embassy Suites        
9.03 Property   1 Hilton Long Beach        
9.04 Property   1 San Marcos Embassy Suites        
9.05 Property   1 Loveland Embassy Suites        
9.06 Property   1 Albuquerque Embassy Suites        
9.07 Property   1 Branson Chateau Hotel        
9.08 Property   1 Lincoln Embassy Suites        
9.09 Property   1 Richardson Renaissance        
9.10 Property   1 Charleston Embassy Suites        
9.11 Property   1 Nashville South Embassy Suites        
9.12 Property   1 La Vista Embassy Suites        
9.13 Property   1 St. Charles Embassy Suites        
9.14 Property   1 Hot Springs Embassy Suites        
9.15 Property   1 East Peoria Embassy Suites        
9.16 Property   1 Tucson University Marriott        
9.17 Property   1 Embassy Suites Lexington UK Coldstream        
9.18 Property   1 Normal Marriott Hotel        
9.19 Property   1 Oklahoma City Courtyard by Marriott        
9.20 Property   1 North Charleston Residence Inn        
9.21 Property   1 Oklahoma City Residence Inn        
9.22 Property   1 La Vista Courtyard by Marriott        
9.23 Property   1 Springfield Residence Inn        
9.24 Property   1 Fort Smith Courtyard by Marriott        
10 Loan 18, 35 1 The Amnia 39,195 3,266 0 1,541
11 Loan 31, 36 1 Four Seasons Hotel Seattle 0 Springing 0 Springing
12 Loan 12, 22, 35, 36 1 Clorox Center 0 Springing 0 Springing
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 0 Springing 0 0
14 Loan   1 One Westlake 0 Springing 0 7,108
15 Loan 9, 10, 22 1 International Plaza II 0 Springing 8,092 8,092
16 Loan 10, 33 1 One Park Square 0 Springing 0 5,885
17 Loan   1 The Abner Apartments 81,551 10,194 300,000 6,500
18 Loan 29, 36 1 Animas Valley MHC 15,325 5,108 0 Springing
19 Loan 35 1 429-431 Kennedy  10,479 2,620 0 771
20 Loan 19, 20 1 The Hanley Retail 0 Springing 0 203
21 Loan 29, 36 1 Petaluma Marina Business Center 0 Springing 200,000 Springing
22 Loan   1 Lockaway Storage - New Braunfels 0 Springing 0 896
23 Loan 18, 35 1 110 East 1st Street 9,471 1,894 0 500
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 0 Springing 0 1,383
24.01 Property   1 6585 East Broad Street        
24.02 Property   1 745 Arden Lane        
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 3,460 1,730 0 375
26 Loan   1 Ranch Road Storage 4,848 1,212 0 359

 

 A-1-17 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($)
                         
1 Loan 30, 34 1 Estate Yountville 0 0 0 0 0 0 0 0
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 0 1,000,000 38,681 2,160,416 0 0 0 9,875
3 Loan   1 The Metropolitan Apartments 0 0 0 0 0 0 0 0
4 Loan 31, 35 1 Midlink Business Park 337,402 0 28,117 674,805 0 0 0 0
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 0 4,000,000 90,468 0 0 0 0 0
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 0 1,500,000 58,199 0 0 0 0 0
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 0 0 0 0 0 0 0 121,383
7.01 Property   1 Prime Storage - Somerville                
7.02 Property   1 Prime Storage - Boston South End                
7.03 Property   1 Prime Storage - Washington                
7.04 Property   1 Prime Storage - Boston Traveler St.                
7.05 Property   1 Prime Storage - Newington                
7.06 Property   1 Prime Storage - Brookfield                
7.07 Property   1 Prime Storage - Quakertown                
7.08 Property   1 Prime Storage - Phillipsburg                
7.09 Property   1 Prime Storage - Fairless Hills                
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd                
7.11 Property   1 Prime Storage - New Milford                
7.12 Property   1 Prime Storage - Hyde Park                
7.13 Property   1 Prime Storage - Clinton                
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 0 0 0 0 0 0 0 0
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 0 0 0 0 0 0 0 0
9.01 Property   1 Rogers (Bentonville) Embassy Suites                
9.02 Property   1 Frisco Embassy Suites                
9.03 Property   1 Hilton Long Beach                
9.04 Property   1 San Marcos Embassy Suites                
9.05 Property   1 Loveland Embassy Suites                
9.06 Property   1 Albuquerque Embassy Suites                
9.07 Property   1 Branson Chateau Hotel                
9.08 Property   1 Lincoln Embassy Suites                
9.09 Property   1 Richardson Renaissance                
9.10 Property   1 Charleston Embassy Suites                
9.11 Property   1 Nashville South Embassy Suites                
9.12 Property   1 La Vista Embassy Suites                
9.13 Property   1 St. Charles Embassy Suites                
9.14 Property   1 Hot Springs Embassy Suites                
9.15 Property   1 East Peoria Embassy Suites                
9.16 Property   1 Tucson University Marriott                
9.17 Property   1 Embassy Suites Lexington UK Coldstream                
9.18 Property   1 Normal Marriott Hotel                
9.19 Property   1 Oklahoma City Courtyard by Marriott                
9.20 Property   1 North Charleston Residence Inn                
9.21 Property   1 Oklahoma City Residence Inn                
9.22 Property   1 La Vista Courtyard by Marriott                
9.23 Property   1 Springfield Residence Inn                
9.24 Property   1 Fort Smith Courtyard by Marriott                
10 Loan 18, 35 1 The Amnia 0 0 0 0 0 0 0 6,875
11 Loan 31, 36 1 Four Seasons Hotel Seattle 0 0 0 0 0 0 0 0
12 Loan 12, 22, 35, 36 1 Clorox Center 142,935 0 Springing 1,072,014 0 0 0 0
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 0 0 Springing 314,783 0 0 0 0
14 Loan   1 One Westlake 255,905 3,200,000 28,434 5,000,000 0 0 0 0
15 Loan 9, 10, 22 1 International Plaza II 291,322 16,185 16,185 582,645 0 0 0 0
16 Loan 10, 33 1 One Park Square 211,856 1,500,000 23,540 0 0 0 0 0
17 Loan   1 The Abner Apartments 0 0 0 0 0 0 0 85,656
18 Loan 29, 36 1 Animas Valley MHC 0 0 0 0 0 0 0 0
19 Loan 35 1 429-431 Kennedy  0 0 0 0 0 0 0 0
20 Loan 19, 20 1 The Hanley Retail 0 0 8,333 0 0 0 0 0
21 Loan 29, 36 1 Petaluma Marina Business Center 58,190 380,000 Springing 175,000 0 0 0 0
22 Loan   1 Lockaway Storage - New Braunfels 0 0 0 0 0 0 0 0
23 Loan 18, 35 1 110 East 1st Street 0 0 0 0 0 0 0 0
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 49,800 0 3,458 0 0 0 0 0
24.01 Property   1 6585 East Broad Street                
24.02 Property   1 745 Arden Lane                
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 0 0 Springing 0 0 0 0 29,063
26 Loan   1 Ranch Road Storage 0 0 0 0 0 0 0 5,938

 

 A-1-18 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Upfront Other Reserve ($) Monthly Other Reserve ($) Other Reserve Description
               
1 Loan 30, 34 1 Estate Yountville 0 Springing PIP Reserve
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 258,241 Springing Open Claims Reserve ($165,364.85), Condominium Assessments Reserve (Upfront: $50,000), Ground Lease Rent Reserve
(Upfront: $42,876.50; Monthly: Springing)
3 Loan   1 The Metropolitan Apartments 0 0 NAP
4 Loan 31, 35 1 Midlink Business Park 0 0 NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 4,930,192 425,000 Outstanding TI/LC Reserve (Upfront: $3,965,064.68), Free Rent Reserve (Upfront: $965,127.00), Additional Rollover
Reserve (Monthly: $425,000.00; Cap: $5,100,000)
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 3,546,128 0 Outstanding TI/LC Reserve
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 0 Springing Debt Service Coverage Ratio Cure Reserve
7.01 Property   1 Prime Storage - Somerville      
7.02 Property   1 Prime Storage - Boston South End      
7.03 Property   1 Prime Storage - Washington      
7.04 Property   1 Prime Storage - Boston Traveler St.      
7.05 Property   1 Prime Storage - Newington      
7.06 Property   1 Prime Storage - Brookfield      
7.07 Property   1 Prime Storage - Quakertown      
7.08 Property   1 Prime Storage - Phillipsburg      
7.09 Property   1 Prime Storage - Fairless Hills      
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd      
7.11 Property   1 Prime Storage - New Milford      
7.12 Property   1 Prime Storage - Hyde Park      
7.13 Property   1 Prime Storage - Clinton      
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 0 Springing PHFC Payments Reserve
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 335,875 Springing Ground Lease Reserve
9.01 Property   1 Rogers (Bentonville) Embassy Suites      
9.02 Property   1 Frisco Embassy Suites      
9.03 Property   1 Hilton Long Beach      
9.04 Property   1 San Marcos Embassy Suites      
9.05 Property   1 Loveland Embassy Suites      
9.06 Property   1 Albuquerque Embassy Suites      
9.07 Property   1 Branson Chateau Hotel      
9.08 Property   1 Lincoln Embassy Suites      
9.09 Property   1 Richardson Renaissance      
9.10 Property   1 Charleston Embassy Suites      
9.11 Property   1 Nashville South Embassy Suites      
9.12 Property   1 La Vista Embassy Suites      
9.13 Property   1 St. Charles Embassy Suites      
9.14 Property   1 Hot Springs Embassy Suites      
9.15 Property   1 East Peoria Embassy Suites      
9.16 Property   1 Tucson University Marriott      
9.17 Property   1 Embassy Suites Lexington UK Coldstream      
9.18 Property   1 Normal Marriott Hotel      
9.19 Property   1 Oklahoma City Courtyard by Marriott      
9.20 Property   1 North Charleston Residence Inn      
9.21 Property   1 Oklahoma City Residence Inn      
9.22 Property   1 La Vista Courtyard by Marriott      
9.23 Property   1 Springfield Residence Inn      
9.24 Property   1 Fort Smith Courtyard by Marriott      
10 Loan 18, 35 1 The Amnia 0 0 NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle 0 0 NAP
12 Loan 12, 22, 35, 36 1 Clorox Center 0 0 NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 347,174 0 Unfunded Obligations Reserve
14 Loan   1 One Westlake 2,925,227 0 Unfunded Obligations Reserve
15 Loan 9, 10, 22 1 International Plaza II 2,195,284 0 Free Rent Reserve ($1,714,536), Outstanding TI Reserve ($480,748)
16 Loan 10, 33 1 One Park Square 587,921 0 Unfunded Obligations
17 Loan   1 The Abner Apartments 0 0 NAP
18 Loan 29, 36 1 Animas Valley MHC 0 0 NAP
19 Loan 35 1 429-431 Kennedy  125,175 0 HUD Rent Reserve
20 Loan 19, 20 1 The Hanley Retail 196,000 0 Unfunded Obligations Reserve
21 Loan 29, 36 1 Petaluma Marina Business Center 0 0 NAP
22 Loan   1 Lockaway Storage - New Braunfels 0 0 NAP
23 Loan 18, 35 1 110 East 1st Street 0 0 NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 0 0 NAP
24.01 Property   1 6585 East Broad Street      
24.02 Property   1 745 Arden Lane      
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 0 0 NAP
26 Loan   1 Ranch Road Storage 0 0 NAP

 

 A-1-19 

 

Benchmark 2024-V11 Annex A-1

 

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) 
                16 17  
1 Loan 30, 34 1 Estate Yountville 0 0 NAP Springing Springing Yes
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 0 0 NAP Springing Springing Yes
3 Loan   1 The Metropolitan Apartments 0 0 NAP Soft Springing Yes
4 Loan 31, 35 1 Midlink Business Park 0 0 NAP Hard Springing Yes
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square Additional Rollover Reserve ($5,100,000) 0 NAP Hard Springing Yes
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 0 0 NAP Hard Springing Yes
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 0 0 NAP Soft Springing Yes
7.01 Property   1 Prime Storage - Somerville            
7.02 Property   1 Prime Storage - Boston South End            
7.03 Property   1 Prime Storage - Washington            
7.04 Property   1 Prime Storage - Boston Traveler St.            
7.05 Property   1 Prime Storage - Newington            
7.06 Property   1 Prime Storage - Brookfield            
7.07 Property   1 Prime Storage - Quakertown            
7.08 Property   1 Prime Storage - Phillipsburg            
7.09 Property   1 Prime Storage - Fairless Hills            
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd            
7.11 Property   1 Prime Storage - New Milford            
7.12 Property   1 Prime Storage - Hyde Park            
7.13 Property   1 Prime Storage - Clinton            
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 0 0 NAP Soft Springing Yes
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 335,875 0 NAP Hard Springing Yes
9.01 Property   1 Rogers (Bentonville) Embassy Suites            
9.02 Property   1 Frisco Embassy Suites            
9.03 Property   1 Hilton Long Beach            
9.04 Property   1 San Marcos Embassy Suites            
9.05 Property   1 Loveland Embassy Suites            
9.06 Property   1 Albuquerque Embassy Suites            
9.07 Property   1 Branson Chateau Hotel            
9.08 Property   1 Lincoln Embassy Suites            
9.09 Property   1 Richardson Renaissance            
9.10 Property   1 Charleston Embassy Suites            
9.11 Property   1 Nashville South Embassy Suites            
9.12 Property   1 La Vista Embassy Suites            
9.13 Property   1 St. Charles Embassy Suites            
9.14 Property   1 Hot Springs Embassy Suites            
9.15 Property   1 East Peoria Embassy Suites            
9.16 Property   1 Tucson University Marriott            
9.17 Property   1 Embassy Suites Lexington UK Coldstream            
9.18 Property   1 Normal Marriott Hotel            
9.19 Property   1 Oklahoma City Courtyard by Marriott            
9.20 Property   1 North Charleston Residence Inn            
9.21 Property   1 Oklahoma City Residence Inn            
9.22 Property   1 La Vista Courtyard by Marriott            
9.23 Property   1 Springfield Residence Inn            
9.24 Property   1 Fort Smith Courtyard by Marriott            
10 Loan 18, 35 1 The Amnia 0 0 NAP Springing Springing Yes
11 Loan 31, 36 1 Four Seasons Hotel Seattle 0 0 NAP Hard Springing Yes
12 Loan 12, 22, 35, 36 1 Clorox Center 0 0 NAP Hard Springing Yes
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 0 0 NAP Hard Springing Yes
14 Loan   1 One Westlake 0 0 NAP Hard Springing Yes
15 Loan 9, 10, 22 1 International Plaza II 0 0 NAP Hard Springing Yes
16 Loan 10, 33 1 One Park Square 0 0 NAP Hard Springing Yes
17 Loan   1 The Abner Apartments 0 0 NAP Springing Springing Yes
18 Loan 29, 36 1 Animas Valley MHC 0 0 NAP Soft Springing Yes
19 Loan 35 1 429-431 Kennedy  0 0 NAP Springing Springing Yes
20 Loan 19, 20 1 The Hanley Retail 0 0 NAP Hard Springing Yes
21 Loan 29, 36 1 Petaluma Marina Business Center 0 0 NAP Springing Springing Yes
22 Loan   1 Lockaway Storage - New Braunfels 0 0 NAP Springing Springing Yes
23 Loan 18, 35 1 110 East 1st Street 0 0 NAP Springing Springing Yes
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad 0 0 NAP Hard Springing Yes
24.01 Property   1 6585 East Broad Street            
24.02 Property   1 745 Arden Lane            
25 Loan 12, 18, 28, 31, 35 1 137 Rivington 0 0 NAP Springing Springing Yes
26 Loan   1 Ranch Road Storage 0 0 NAP Springing Springing Yes

 

 A-1-20 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($)
                         
1 Loan 30, 34 1 Estate Yountville No No NAP NAP NAP NAP NAP NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal Yes No NAP NAP NAP NAP NAP NAP
3 Loan   1 The Metropolitan Apartments No No NAP NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park Yes No NAP NAP NAP NAP NAP NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square No Yes No 70,000,000 190,000,000 1,183,926.50 1,620,109.95 NAP
6 Loan 19, 25, 26, 36 1 Royal Palm I & II Yes No NAP NAP NAP NAP NAP NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio No Yes Yes 65,000,000 53,000,000 268,232.75 597,197.45 NAP
7.01 Property   1 Prime Storage - Somerville                
7.02 Property   1 Prime Storage - Boston South End                
7.03 Property   1 Prime Storage - Washington                
7.04 Property   1 Prime Storage - Boston Traveler St.                
7.05 Property   1 Prime Storage - Newington                
7.06 Property   1 Prime Storage - Brookfield                
7.07 Property   1 Prime Storage - Quakertown                
7.08 Property   1 Prime Storage - Phillipsburg                
7.09 Property   1 Prime Storage - Fairless Hills                
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd                
7.11 Property   1 Prime Storage - New Milford                
7.12 Property   1 Prime Storage - Hyde Park                
7.13 Property   1 Prime Storage - Clinton                
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions No Yes Yes 58,400,000 20,000,000 99,580.79 390,356.69 NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack No Yes No 50,000,000 414,800,000 1,938,970.20 2,172,693.71 520,200,000
9.01 Property   1 Rogers (Bentonville) Embassy Suites                
9.02 Property   1 Frisco Embassy Suites                
9.03 Property   1 Hilton Long Beach                
9.04 Property   1 San Marcos Embassy Suites                
9.05 Property   1 Loveland Embassy Suites                
9.06 Property   1 Albuquerque Embassy Suites                
9.07 Property   1 Branson Chateau Hotel                
9.08 Property   1 Lincoln Embassy Suites                
9.09 Property   1 Richardson Renaissance                
9.10 Property   1 Charleston Embassy Suites                
9.11 Property   1 Nashville South Embassy Suites                
9.12 Property   1 La Vista Embassy Suites                
9.13 Property   1 St. Charles Embassy Suites                
9.14 Property   1 Hot Springs Embassy Suites                
9.15 Property   1 East Peoria Embassy Suites                
9.16 Property   1 Tucson University Marriott                
9.17 Property   1 Embassy Suites Lexington UK Coldstream                
9.18 Property   1 Normal Marriott Hotel                
9.19 Property   1 Oklahoma City Courtyard by Marriott                
9.20 Property   1 North Charleston Residence Inn                
9.21 Property   1 Oklahoma City Residence Inn                
9.22 Property   1 La Vista Courtyard by Marriott                
9.23 Property   1 Springfield Residence Inn                
9.24 Property   1 Fort Smith Courtyard by Marriott                
10 Loan 18, 35 1 The Amnia No No NAP NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle No No NAP NAP NAP NAP NAP NAP
12 Loan 12, 22, 35, 36 1 Clorox Center Yes No NAP NAP NAP NAP NAP NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center No Yes Yes 36,000,000 24,000,000 132,211.11 330,527.78 NAP
14 Loan   1 One Westlake Yes No NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 22 1 International Plaza II Yes Yes No 31,330,000 46,995,000 295,018.73 491,697.88 NAP
16 Loan 10, 33 1 One Park Square Yes Yes Yes 27,650,000 20,000,000 103,923.61 247,598.00 NAP
17 Loan   1 The Abner Apartments No No NAP NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC No No NAP NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  No No NAP NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail Yes No NAP NAP NAP NAP NAP NAP
21 Loan 29, 36 1 Petaluma Marina Business Center No No NAP NAP NAP NAP NAP NAP
22 Loan   1 Lockaway Storage - New Braunfels No No NAP NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street No No NAP NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad Yes No NAP NAP NAP NAP NAP NAP
24.01 Property   1 6585 East Broad Street                
24.02 Property   1 745 Arden Lane                
25 Loan 12, 18, 28, 31, 35 1 137 Rivington No No NAP NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage No No NAP NAP NAP NAP NAP NAP

 

 A-1-21 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) 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($)
                  4    
1 Loan 30, 34 1 Estate Yountville NAP NAP NAP NAP NAP NAP NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal NAP NAP NAP NAP NAP NAP NAP
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park NAP NAP NAP NAP NAP NAP NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square NAP 260,000,000 1,620,109.95 50.4% 1.51 11.8% NAP
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP NAP NAP NAP NAP NAP NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio NAP 118,000,000 597,197.45 65.2% 1.42 8.8% NAP
7.01 Property   1 Prime Storage - Somerville              
7.02 Property   1 Prime Storage - Boston South End              
7.03 Property   1 Prime Storage - Washington              
7.04 Property   1 Prime Storage - Boston Traveler St.              
7.05 Property   1 Prime Storage - Newington              
7.06 Property   1 Prime Storage - Brookfield              
7.07 Property   1 Prime Storage - Quakertown              
7.08 Property   1 Prime Storage - Phillipsburg              
7.09 Property   1 Prime Storage - Fairless Hills              
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd              
7.11 Property   1 Prime Storage - New Milford              
7.12 Property   1 Prime Storage - Hyde Park              
7.13 Property   1 Prime Storage - Clinton              
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP 78,400,000 390,356.69 68.2% 1.79 11.0% NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 8.97784591118801% 985,000,000 6,118,644.03 68.0% 1.48 12.6% NAP
9.01 Property   1 Rogers (Bentonville) Embassy Suites              
9.02 Property   1 Frisco Embassy Suites              
9.03 Property   1 Hilton Long Beach              
9.04 Property   1 San Marcos Embassy Suites              
9.05 Property   1 Loveland Embassy Suites              
9.06 Property   1 Albuquerque Embassy Suites              
9.07 Property   1 Branson Chateau Hotel              
9.08 Property   1 Lincoln Embassy Suites              
9.09 Property   1 Richardson Renaissance              
9.10 Property   1 Charleston Embassy Suites              
9.11 Property   1 Nashville South Embassy Suites              
9.12 Property   1 La Vista Embassy Suites              
9.13 Property   1 St. Charles Embassy Suites              
9.14 Property   1 Hot Springs Embassy Suites              
9.15 Property   1 East Peoria Embassy Suites              
9.16 Property   1 Tucson University Marriott              
9.17 Property   1 Embassy Suites Lexington UK Coldstream              
9.18 Property   1 Normal Marriott Hotel              
9.19 Property   1 Oklahoma City Courtyard by Marriott              
9.20 Property   1 North Charleston Residence Inn              
9.21 Property   1 Oklahoma City Residence Inn              
9.22 Property   1 La Vista Courtyard by Marriott              
9.23 Property   1 Springfield Residence Inn              
9.24 Property   1 Fort Smith Courtyard by Marriott              
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP NAP NAP NAP NAP NAP
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP NAP NAP NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center NAP 60,000,000 330,527.78 62.5% 1.97 14.2% NAP
14 Loan   1 One Westlake NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 22 1 International Plaza II NAP 78,325,000 491,697.88 63.1% 1.77 14.0% NAP
16 Loan 10, 33 1 One Park Square NAP 47,650,000 247,598.00 58.8% 2.18 14.2% NAP
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail NAP NAP NAP NAP NAP NAP NAP
21 Loan 29, 36 1 Petaluma Marina Business Center NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAP NAP NAP NAP NAP NAP NAP
24.01 Property   1 6585 East Broad Street              
24.02 Property   1 745 Arden Lane              
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP NAP NAP

 

 A-1-22 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N)
                  4    
1 Loan 30, 34 1 Estate Yountville NAP NAP NAP NAP NAP NAP No
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal NAP NAP NAP NAP NAP NAP Yes
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP NAP No
4 Loan 31, 35 1 Midlink Business Park NAP NAP NAP NAP NAP NAP No
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square NAP NAP NAP NAP NAP NAP No
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP NAP NAP NAP NAP NAP No
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio NAP NAP NAP NAP NAP NAP No
7.01 Property   1 Prime Storage - Somerville              
7.02 Property   1 Prime Storage - Boston South End              
7.03 Property   1 Prime Storage - Washington              
7.04 Property   1 Prime Storage - Boston Traveler St.              
7.05 Property   1 Prime Storage - Newington              
7.06 Property   1 Prime Storage - Brookfield              
7.07 Property   1 Prime Storage - Quakertown              
7.08 Property   1 Prime Storage - Phillipsburg              
7.09 Property   1 Prime Storage - Fairless Hills              
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd              
7.11 Property   1 Prime Storage - New Milford              
7.12 Property   1 Prime Storage - Hyde Park              
7.13 Property   1 Prime Storage - Clinton              
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP NAP NAP NAP NAP No
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack NAP NAP NAP NAP NAP NAP No
9.01 Property   1 Rogers (Bentonville) Embassy Suites              
9.02 Property   1 Frisco Embassy Suites              
9.03 Property   1 Hilton Long Beach              
9.04 Property   1 San Marcos Embassy Suites              
9.05 Property   1 Loveland Embassy Suites              
9.06 Property   1 Albuquerque Embassy Suites              
9.07 Property   1 Branson Chateau Hotel              
9.08 Property   1 Lincoln Embassy Suites              
9.09 Property   1 Richardson Renaissance              
9.10 Property   1 Charleston Embassy Suites              
9.11 Property   1 Nashville South Embassy Suites              
9.12 Property   1 La Vista Embassy Suites              
9.13 Property   1 St. Charles Embassy Suites              
9.14 Property   1 Hot Springs Embassy Suites              
9.15 Property   1 East Peoria Embassy Suites              
9.16 Property   1 Tucson University Marriott              
9.17 Property   1 Embassy Suites Lexington UK Coldstream              
9.18 Property   1 Normal Marriott Hotel              
9.19 Property   1 Oklahoma City Courtyard by Marriott              
9.20 Property   1 North Charleston Residence Inn              
9.21 Property   1 Oklahoma City Residence Inn              
9.22 Property   1 La Vista Courtyard by Marriott              
9.23 Property   1 Springfield Residence Inn              
9.24 Property   1 Fort Smith Courtyard by Marriott              
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP NAP No
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP NAP NAP NAP NAP NAP No
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP NAP NAP No
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center NAP NAP NAP NAP NAP NAP Yes
14 Loan   1 One Westlake NAP NAP NAP NAP NAP NAP No
15 Loan 9, 10, 22 1 International Plaza II NAP NAP NAP NAP NAP NAP No
16 Loan 10, 33 1 One Park Square NAP NAP NAP NAP NAP NAP Yes
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP NAP No
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP NAP No
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP NAP No
20 Loan 19, 20 1 The Hanley Retail NAP NAP NAP NAP NAP NAP No
21 Loan 29, 36 1 Petaluma Marina Business Center NAP NAP NAP NAP NAP NAP No
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP NAP No
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP NAP No
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAP NAP NAP NAP NAP NAP No
24.01 Property   1 6585 East Broad Street              
24.02 Property   1 745 Arden Lane              
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP NAP No
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP NAP No

 

 A-1-23 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Future Debt Permitted Type
           
1 Loan 30, 34 1 Estate Yountville NAP
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal Mezzanine or Preferred Equity (Max Combined LTV of 56.0%; Min Combined Debt Yield of 9.7%; Min Combined DSCR of 1.40x; Intercreditor Agreement is required)
3 Loan   1 The Metropolitan Apartments NAP
4 Loan 31, 35 1 Midlink Business Park NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square NAP
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio NAP
7.01 Property   1 Prime Storage - Somerville  
7.02 Property   1 Prime Storage - Boston South End  
7.03 Property   1 Prime Storage - Washington  
7.04 Property   1 Prime Storage - Boston Traveler St.  
7.05 Property   1 Prime Storage - Newington  
7.06 Property   1 Prime Storage - Brookfield  
7.07 Property   1 Prime Storage - Quakertown  
7.08 Property   1 Prime Storage - Phillipsburg  
7.09 Property   1 Prime Storage - Fairless Hills  
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd  
7.11 Property   1 Prime Storage - New Milford  
7.12 Property   1 Prime Storage - Hyde Park  
7.13 Property   1 Prime Storage - Clinton  
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack NAP
9.01 Property   1 Rogers (Bentonville) Embassy Suites  
9.02 Property   1 Frisco Embassy Suites  
9.03 Property   1 Hilton Long Beach  
9.04 Property   1 San Marcos Embassy Suites  
9.05 Property   1 Loveland Embassy Suites  
9.06 Property   1 Albuquerque Embassy Suites  
9.07 Property   1 Branson Chateau Hotel  
9.08 Property   1 Lincoln Embassy Suites  
9.09 Property   1 Richardson Renaissance  
9.10 Property   1 Charleston Embassy Suites  
9.11 Property   1 Nashville South Embassy Suites  
9.12 Property   1 La Vista Embassy Suites  
9.13 Property   1 St. Charles Embassy Suites  
9.14 Property   1 Hot Springs Embassy Suites  
9.15 Property   1 East Peoria Embassy Suites  
9.16 Property   1 Tucson University Marriott  
9.17 Property   1 Embassy Suites Lexington UK Coldstream  
9.18 Property   1 Normal Marriott Hotel  
9.19 Property   1 Oklahoma City Courtyard by Marriott  
9.20 Property   1 North Charleston Residence Inn  
9.21 Property   1 Oklahoma City Residence Inn  
9.22 Property   1 La Vista Courtyard by Marriott  
9.23 Property   1 Springfield Residence Inn  
9.24 Property   1 Fort Smith Courtyard by Marriott  
10 Loan 18, 35 1 The Amnia NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle NAP
12 Loan 12, 22, 35, 36 1 Clorox Center NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center Mezzanine (Max Combined LTV of 62.5%; Min Combined Debt Yield of 14.17%; Intercreditor Agreement is required)
14 Loan   1 One Westlake NAP
15 Loan 9, 10, 22 1 International Plaza II NAP
16 Loan 10, 33 1 One Park Square Mezzanine (Max Combined LTV of 58.5%; Min Combined DSCR of 1.93x; Min Combined Debt Yield of 14.22%; Intercreditor Agreement is required)
17 Loan   1 The Abner Apartments NAP
18 Loan 29, 36 1 Animas Valley MHC NAP
19 Loan 35 1 429-431 Kennedy  NAP
20 Loan 19, 20 1 The Hanley Retail NAP
21 Loan 29, 36 1 Petaluma Marina Business Center NAP
22 Loan   1 Lockaway Storage - New Braunfels NAP
23 Loan 18, 35 1 110 East 1st Street NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAP
24.01 Property   1 6585 East Broad Street  
24.02 Property   1 745 Arden Lane  
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP
26 Loan   1 Ranch Road Storage NAP

 

 A-1-24 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Sponsor
           
1 Loan 30, 34 1 Estate Yountville Gary Jabara
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal Madison NYC Core Retail Holdings, LLC
3 Loan   1 The Metropolitan Apartments Joseph A. Daibes
4 Loan 31, 35 1 Midlink Business Park Hackman Capital Partners, LLC
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square North American Ventures LLC and Lionstone U.S. Value-Add Four, L.P.
6 Loan 19, 25, 26, 36 1 Royal Palm I & II Teachers’ Retirement System of the State of Illinois and LPC Realty Advisors I, LLC
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio Robert Moser
7.01 Property   1 Prime Storage - Somerville  
7.02 Property   1 Prime Storage - Boston South End  
7.03 Property   1 Prime Storage - Washington  
7.04 Property   1 Prime Storage - Boston Traveler St.  
7.05 Property   1 Prime Storage - Newington  
7.06 Property   1 Prime Storage - Brookfield  
7.07 Property   1 Prime Storage - Quakertown  
7.08 Property   1 Prime Storage - Phillipsburg  
7.09 Property   1 Prime Storage - Fairless Hills  
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd  
7.11 Property   1 Prime Storage - New Milford  
7.12 Property   1 Prime Storage - Hyde Park  
7.13 Property   1 Prime Storage - Clinton  
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions Ascendant Capital Fund II LP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack Atrium Holding Company
9.01 Property   1 Rogers (Bentonville) Embassy Suites  
9.02 Property   1 Frisco Embassy Suites  
9.03 Property   1 Hilton Long Beach  
9.04 Property   1 San Marcos Embassy Suites  
9.05 Property   1 Loveland Embassy Suites  
9.06 Property   1 Albuquerque Embassy Suites  
9.07 Property   1 Branson Chateau Hotel  
9.08 Property   1 Lincoln Embassy Suites  
9.09 Property   1 Richardson Renaissance  
9.10 Property   1 Charleston Embassy Suites  
9.11 Property   1 Nashville South Embassy Suites  
9.12 Property   1 La Vista Embassy Suites  
9.13 Property   1 St. Charles Embassy Suites  
9.14 Property   1 Hot Springs Embassy Suites  
9.15 Property   1 East Peoria Embassy Suites  
9.16 Property   1 Tucson University Marriott  
9.17 Property   1 Embassy Suites Lexington UK Coldstream  
9.18 Property   1 Normal Marriott Hotel  
9.19 Property   1 Oklahoma City Courtyard by Marriott  
9.20 Property   1 North Charleston Residence Inn  
9.21 Property   1 Oklahoma City Residence Inn  
9.22 Property   1 La Vista Courtyard by Marriott  
9.23 Property   1 Springfield Residence Inn  
9.24 Property   1 Fort Smith Courtyard by Marriott  
10 Loan 18, 35 1 The Amnia David Halberstram and Cheskel Lichtman
11 Loan 31, 36 1 Four Seasons Hotel Seattle SHG Hotel SPE, LLC, SHG Garage SPE, LLC, SHG Retail SPE, LLC and The Seattle Hotel Group, LLC
12 Loan 12, 22, 35, 36 1 Clorox Center SFF Realty Fund IV, L.P.
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center BREP VIII and BTO Fund
14 Loan   1 One Westlake Kennedy-Wilson Holdings, Inc.
15 Loan 9, 10, 22 1 International Plaza II Shorenstein Investment Advisors
16 Loan 10, 33 1 One Park Square Island Recovery Fund IV TIER Holdings LLC and Vanderbilt Investment Partners LLC
17 Loan   1 The Abner Apartments Abraham Weber and Jacques Schmidt
18 Loan 29, 36 1 Animas Valley MHC Stonetown Capital Group, LLC
19 Loan 35 1 429-431 Kennedy  Jesyl Crowdy-Cunningham
20 Loan 19, 20 1 The Hanley Retail Russell W. Galbut and Sonny Kahn
21 Loan 29, 36 1 Petaluma Marina Business Center Matthew T. White
22 Loan   1 Lockaway Storage - New Braunfels Donald R. Clauson
23 Loan 18, 35 1 110 East 1st Street Alfred Sabetfard
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad Dennis Cisterna III and Fred Lewis
24.01 Property   1 6585 East Broad Street  
24.02 Property   1 745 Arden Lane  
25 Loan 12, 18, 28, 31, 35 1 137 Rivington Jeffrey Lefkovits, Sean Lefkovits and David Lloyd
26 Loan   1 Ranch Road Storage Lawrence Charles Kaplan, George Thacker, Peter J. Veltri and Richard Schontz

 

 A-1-25 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Recourse Carveout Guarantor
           
1 Loan 30, 34 1 Estate Yountville Gary Jabara Revocable Trust dated February 1, 2015
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal Madison NYC Core Retail Holdings, LLC
3 Loan   1 The Metropolitan Apartments Joseph A. Daibes
4 Loan 31, 35 1 Midlink Business Park Hackman Capital Partners, LLC
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square North American Ventures LLC and Lionstone U.S. Value-Add Four, L.P.
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio Prime Storage Fund II, LP
7.01 Property   1 Prime Storage - Somerville  
7.02 Property   1 Prime Storage - Boston South End  
7.03 Property   1 Prime Storage - Washington  
7.04 Property   1 Prime Storage - Boston Traveler St.  
7.05 Property   1 Prime Storage - Newington  
7.06 Property   1 Prime Storage - Brookfield  
7.07 Property   1 Prime Storage - Quakertown  
7.08 Property   1 Prime Storage - Phillipsburg  
7.09 Property   1 Prime Storage - Fairless Hills  
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd  
7.11 Property   1 Prime Storage - New Milford  
7.12 Property   1 Prime Storage - Hyde Park  
7.13 Property   1 Prime Storage - Clinton  
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions Ascendant Capital Fund II LP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack Skylight Property Holdings I LLC
9.01 Property   1 Rogers (Bentonville) Embassy Suites  
9.02 Property   1 Frisco Embassy Suites  
9.03 Property   1 Hilton Long Beach  
9.04 Property   1 San Marcos Embassy Suites  
9.05 Property   1 Loveland Embassy Suites  
9.06 Property   1 Albuquerque Embassy Suites  
9.07 Property   1 Branson Chateau Hotel  
9.08 Property   1 Lincoln Embassy Suites  
9.09 Property   1 Richardson Renaissance  
9.10 Property   1 Charleston Embassy Suites  
9.11 Property   1 Nashville South Embassy Suites  
9.12 Property   1 La Vista Embassy Suites  
9.13 Property   1 St. Charles Embassy Suites  
9.14 Property   1 Hot Springs Embassy Suites  
9.15 Property   1 East Peoria Embassy Suites  
9.16 Property   1 Tucson University Marriott  
9.17 Property   1 Embassy Suites Lexington UK Coldstream  
9.18 Property   1 Normal Marriott Hotel  
9.19 Property   1 Oklahoma City Courtyard by Marriott  
9.20 Property   1 North Charleston Residence Inn  
9.21 Property   1 Oklahoma City Residence Inn  
9.22 Property   1 La Vista Courtyard by Marriott  
9.23 Property   1 Springfield Residence Inn  
9.24 Property   1 Fort Smith Courtyard by Marriott  
10 Loan 18, 35 1 The Amnia David Halberstram and Cheskel Lichtman
11 Loan 31, 36 1 Four Seasons Hotel Seattle SHG Hotel SPE, LLC, SHG Garage SPE, LLC and SHG Retail SPE, LLC
12 Loan 12, 22, 35, 36 1 Clorox Center SFF Realty Fund IV, L.P.
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center Blackstone IMC Holdings – Q L.L.C.
14 Loan   1 One Westlake Kennedy-Wilson Holdings, Inc.
15 Loan 9, 10, 22 1 International Plaza II Shorenstein Realty Investors Fourteen-A, L.P., Shorenstein Realty Investors Fourteen-B, L.P. and Shorenstein Realty Investors Fourteen-C, L.P.
16 Loan 10, 33 1 One Park Square Island Recovery Fund IV Tier Holdings LLC, JBC Office, LLC and Vanderbilt Partners LLC
17 Loan   1 The Abner Apartments Abraham Weber and Jacques Schmidt
18 Loan 29, 36 1 Animas Valley MHC NAP
19 Loan 35 1 429-431 Kennedy  Jesyl Crowdy-Cunningham
20 Loan 19, 20 1 The Hanley Retail Sonny Kahn, not personally or individually, but as sole Trustee of the SK Business Trust and Russell W. Galbut, not personally or individually, but as sole Trustee of the RF
Business Trust
21 Loan 29, 36 1 Petaluma Marina Business Center Matthew T. White
22 Loan   1 Lockaway Storage - New Braunfels Donald R. Clauson
23 Loan 18, 35 1 110 East 1st Street Alfred Sabetfard
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad Dennis Cisterna III and Fred Lewis
24.01 Property   1 6585 East Broad Street  
24.02 Property   1 745 Arden Lane  
25 Loan 12, 18, 28, 31, 35 1 137 Rivington Jeffrey Lefkovits, Sean Lefkovits and David Lloyd
26 Loan   1 Ranch Road Storage Lawrence Charles Kaplan, George Thacker, Peter J. Veltri and Richard Schontz

 

 A-1-26 

 

Benchmark 2024-V11 Annex A-1

 

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 ($) Sources: Other Sources ($)
            31   7   8    
1 Loan 30, 34 1 Estate Yountville No No Refinance No 93,000,000 0 0 0
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal No No Refinance No 93,000,000 0 0 0
3 Loan   1 The Metropolitan Apartments No No Refinance No 75,000,000 0 0 0
4 Loan 31, 35 1 Midlink Business Park No No Refinance No 70,000,000 0 0 0
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square No No Refinance No 260,000,000 37,832,154 0 0
6 Loan 19, 25, 26, 36 1 Royal Palm I & II No No Refinance No 68,200,000 8,295,703 0 0
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio No No Refinance   118,000,000 0 0 0
7.01 Property   1 Prime Storage - Somerville       No        
7.02 Property   1 Prime Storage - Boston South End       No        
7.03 Property   1 Prime Storage - Washington       No        
7.04 Property   1 Prime Storage - Boston Traveler St.       No        
7.05 Property   1 Prime Storage - Newington       No        
7.06 Property   1 Prime Storage - Brookfield       No        
7.07 Property   1 Prime Storage - Quakertown       No        
7.08 Property   1 Prime Storage - Phillipsburg       No        
7.09 Property   1 Prime Storage - Fairless Hills       No        
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd       No        
7.11 Property   1 Prime Storage - New Milford       No        
7.12 Property   1 Prime Storage - Hyde Park       No        
7.13 Property   1 Prime Storage - Clinton       No        
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions No No Acquisition No 78,400,000 40,249,467 0 0
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack No No Refinance   464,800,000 0 520,200,000 0
9.01 Property   1 Rogers (Bentonville) Embassy Suites       No        
9.02 Property   1 Frisco Embassy Suites       No        
9.03 Property   1 Hilton Long Beach       No        
9.04 Property   1 San Marcos Embassy Suites       No        
9.05 Property   1 Loveland Embassy Suites       No        
9.06 Property   1 Albuquerque Embassy Suites       No        
9.07 Property   1 Branson Chateau Hotel       No        
9.08 Property   1 Lincoln Embassy Suites       No        
9.09 Property   1 Richardson Renaissance       No        
9.10 Property   1 Charleston Embassy Suites       No        
9.11 Property   1 Nashville South Embassy Suites       No        
9.12 Property   1 La Vista Embassy Suites       No        
9.13 Property   1 St. Charles Embassy Suites       No        
9.14 Property   1 Hot Springs Embassy Suites       No        
9.15 Property   1 East Peoria Embassy Suites       No        
9.16 Property   1 Tucson University Marriott       No        
9.17 Property   1 Embassy Suites Lexington UK Coldstream       No        
9.18 Property   1 Normal Marriott Hotel       No        
9.19 Property   1 Oklahoma City Courtyard by Marriott       No        
9.20 Property   1 North Charleston Residence Inn       No        
9.21 Property   1 Oklahoma City Residence Inn       No        
9.22 Property   1 La Vista Courtyard by Marriott       No        
9.23 Property   1 Springfield Residence Inn       No        
9.24 Property   1 Fort Smith Courtyard by Marriott       No        
10 Loan 18, 35 1 The Amnia No No Refinance No 47,500,000 0 0 0
11 Loan 31, 36 1 Four Seasons Hotel Seattle No No Refinance No 44,000,000 0 0 0
12 Loan 12, 22, 35, 36 1 Clorox Center No No Recapitalization No 40,425,000 33,769,341 0 0
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center No No Refinance No 60,000,000 0 0 0
14 Loan   1 One Westlake No No Refinance No 33,100,000 0 0 0
15 Loan 9, 10, 22 1 International Plaza II No No Acquisition No 78,325,000 47,901,898 0 0
16 Loan 10, 33 1 One Park Square No No Acquisition No        
17 Loan   1 The Abner Apartments No No Refinance No        
18 Loan 29, 36 1 Animas Valley MHC No No Refinance No        
19 Loan 35 1 429-431 Kennedy  No No Refinance No        
20 Loan 19, 20 1 The Hanley Retail No No Refinance No        
21 Loan 29, 36 1 Petaluma Marina Business Center No No Refinance No        
22 Loan   1 Lockaway Storage - New Braunfels No No Refinance No        
23 Loan 18, 35 1 110 East 1st Street No No Refinance No        
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad No No Acquisition          
24.01 Property   1 6585 East Broad Street       No        
24.02 Property   1 745 Arden Lane       No        
25 Loan 12, 18, 28, 31, 35 1 137 Rivington No Yes Recapitalization No        
26 Loan   1 Ranch Road Storage No No Acquisition No        

 

 A-1-27 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($)
                         
1 Loan 30, 34 1 Estate Yountville 93,000,000 80,398,091 0 6,217,139 0 6,384,770 0 93,000,000
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal 93,000,000 82,637,492 0 2,272,685 1,268,116 6,821,707 0 93,000,000
3 Loan   1 The Metropolitan Apartments 75,000,000 68,015,320 0 912,416 389,943 5,682,321 0 75,000,000
4 Loan 31, 35 1 Midlink Business Park 70,000,000 37,694,319 0 2,401,984 356,537 29,547,160 0 70,000,000
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square 297,832,154 281,760,456 0 7,141,506 8,930,192 0 0 297,832,154
6 Loan 19, 25, 26, 36 1 Royal Palm I & II 76,495,703 66,668,377 0 1,165,629 8,661,698 0 0 76,495,703
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio 118,000,000 90,995,282 0 3,244,241 485,612 23,274,865 0 118,000,000
7.01 Property   1 Prime Storage - Somerville                
7.02 Property   1 Prime Storage - Boston South End                
7.03 Property   1 Prime Storage - Washington                
7.04 Property   1 Prime Storage - Boston Traveler St.                
7.05 Property   1 Prime Storage - Newington                
7.06 Property   1 Prime Storage - Brookfield                
7.07 Property   1 Prime Storage - Quakertown                
7.08 Property   1 Prime Storage - Phillipsburg                
7.09 Property   1 Prime Storage - Fairless Hills                
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd                
7.11 Property   1 Prime Storage - New Milford                
7.12 Property   1 Prime Storage - Hyde Park                
7.13 Property   1 Prime Storage - Clinton                
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions 118,649,467 0 112,000,000 4,894,144 1,755,323 0 0 118,649,467
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 985,000,000 755,023,067 0 60,493,109 40,335,875 129,147,949 0 985,000,000
9.01 Property   1 Rogers (Bentonville) Embassy Suites                
9.02 Property   1 Frisco Embassy Suites                
9.03 Property   1 Hilton Long Beach                
9.04 Property   1 San Marcos Embassy Suites                
9.05 Property   1 Loveland Embassy Suites                
9.06 Property   1 Albuquerque Embassy Suites                
9.07 Property   1 Branson Chateau Hotel                
9.08 Property   1 Lincoln Embassy Suites                
9.09 Property   1 Richardson Renaissance                
9.10 Property   1 Charleston Embassy Suites                
9.11 Property   1 Nashville South Embassy Suites                
9.12 Property   1 La Vista Embassy Suites                
9.13 Property   1 St. Charles Embassy Suites                
9.14 Property   1 Hot Springs Embassy Suites                
9.15 Property   1 East Peoria Embassy Suites                
9.16 Property   1 Tucson University Marriott                
9.17 Property   1 Embassy Suites Lexington UK Coldstream                
9.18 Property   1 Normal Marriott Hotel                
9.19 Property   1 Oklahoma City Courtyard by Marriott                
9.20 Property   1 North Charleston Residence Inn                
9.21 Property   1 Oklahoma City Residence Inn                
9.22 Property   1 La Vista Courtyard by Marriott                
9.23 Property   1 Springfield Residence Inn                
9.24 Property   1 Fort Smith Courtyard by Marriott                
10 Loan 18, 35 1 The Amnia 47,500,000 41,372,310 0 984,404 59,115 5,084,171 0 47,500,000
11 Loan 31, 36 1 Four Seasons Hotel Seattle 44,000,000 36,539,813 0 897,669 0 6,562,519 0 44,000,000
12 Loan 12, 22, 35, 36 1 Clorox Center 74,194,341 0 73,500,000 694,341 0 0 0 74,194,341
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center 60,000,000 33,961,532 0 2,041,058 347,174 23,650,236 0 60,000,000
14 Loan   1 One Westlake 33,100,000 22,197,234 0 1,225,673 6,269,427 3,407,666 0 33,100,000
15 Loan 9, 10, 22 1 International Plaza II 126,226,898 0 120,500,000 1,757,256 3,969,642 0 0 126,226,898
16 Loan 10, 33 1 One Park Square                
17 Loan   1 The Abner Apartments                
18 Loan 29, 36 1 Animas Valley MHC                
19 Loan 35 1 429-431 Kennedy                 
20 Loan 19, 20 1 The Hanley Retail                
21 Loan 29, 36 1 Petaluma Marina Business Center                
22 Loan   1 Lockaway Storage - New Braunfels                
23 Loan 18, 35 1 110 East 1st Street                
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad                
24.01 Property   1 6585 East Broad Street                
24.02 Property   1 745 Arden Lane                
25 Loan 12, 18, 28, 31, 35 1 137 Rivington                
26 Loan   1 Ranch Road Storage                

 

 A-1-28 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($)
                         
1 Loan 30, 34 1 Estate Yountville NAP 700.59 373.99 53.4% 700.59 373.99 53.4% 667.09
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
7.01 Property   1 Prime Storage - Somerville NAP NAP NAP NAP NAP NAP NAP NAP
7.02 Property   1 Prime Storage - Boston South End NAP NAP NAP NAP NAP NAP NAP NAP
7.03 Property   1 Prime Storage - Washington NAP NAP NAP NAP NAP NAP NAP NAP
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP NAP NAP NAP NAP NAP NAP
7.05 Property   1 Prime Storage - Newington NAP NAP NAP NAP NAP NAP NAP NAP
7.06 Property   1 Prime Storage - Brookfield NAP NAP NAP NAP NAP NAP NAP NAP
7.07 Property   1 Prime Storage - Quakertown NAP NAP NAP NAP NAP NAP NAP NAP
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP NAP NAP NAP NAP NAP NAP
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP NAP NAP NAP NAP NAP NAP
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP NAP NAP NAP NAP NAP NAP
7.11 Property   1 Prime Storage - New Milford NAP NAP NAP NAP NAP NAP NAP NAP
7.12 Property   1 Prime Storage - Hyde Park NAP NAP NAP NAP NAP NAP NAP NAP
7.13 Property   1 Prime Storage - Clinton NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack Various 161.80 116.28 71.9% 161.81 115.55 71.4% 159.32
9.01 Property   1 Rogers (Bentonville) Embassy Suites 5/31/2038 179.23 132.35 73.8% 179.23 132.35 73.8% 173.61
9.02 Property   1 Frisco Embassy Suites 5/31/2038 161.99 113.17 69.9% 161.99 113.17 69.9% 162.17
9.03 Property   1 Hilton Long Beach 1/31/2035 206.80 171.61 83.0% 206.80 171.61 83.0% 201.79
9.04 Property   1 San Marcos Embassy Suites 5/31/2038 160.72 117.73 73.3% 160.72 117.73 73.3% 154.21
9.05 Property   1 Loveland Embassy Suites 5/31/2038 167.38 124.48 74.4% 167.38 124.48 74.4% 165.34
9.06 Property   1 Albuquerque Embassy Suites 5/31/2038 166.50 138.60 83.2% 166.50 138.60 83.2% 162.30
9.07 Property   1 Branson Chateau Hotel NAP 181.52 107.40 59.2% 181.52 107.40 59.2% 181.46
9.08 Property   1 Lincoln Embassy Suites 5/31/2038 169.67 107.10 63.1% 171.70 89.48 52.1% 169.67
9.09 Property   1 Richardson Renaissance 5/17/2038 156.07 97.35 62.4% 156.07 97.35 62.4% 150.03
9.10 Property   1 Charleston Embassy Suites 11/30/2032 159.25 128.00 80.4% 159.25 128.00 80.4% 155.79
9.11 Property   1 Nashville South Embassy Suites 5/31/2038 165.08 115.72 70.1% 165.08 115.72 70.1% 160.68
9.12 Property   1 La Vista Embassy Suites 5/31/2038 160.38 101.52 63.3% 160.38 101.52 63.3% 161.52
9.13 Property   1 St. Charles Embassy Suites 5/31/2038 162.43 128.24 78.9% 162.43 128.24 78.9% 161.00
9.14 Property   1 Hot Springs Embassy Suites 5/31/2038 162.93 109.67 67.3% 162.93 109.67 67.3% 163.33
9.15 Property   1 East Peoria Embassy Suites 5/31/2038 161.05 119.18 74.0% 161.05 119.18 74.0% 159.36
9.16 Property   1 Tucson University Marriott 3/1/2038 170.48 121.82 71.5% 170.48 121.82 71.5% 169.91
9.17 Property   1 Embassy Suites Lexington UK Coldstream 12/31/2038 153.60 101.62 66.2% 153.60 101.62 66.2% 157.40
9.18 Property   1 Normal Marriott Hotel 5/17/2038 141.30 97.46 69.0% 141.30 97.46 69.0% 142.68
9.19 Property   1 Oklahoma City Courtyard by Marriott 5/17/2033 131.88 96.16 72.9% 131.88 96.16 72.9% 125.07
9.20 Property   1 North Charleston Residence Inn 5/17/2033 149.04 120.76 81.0% 149.04 120.76 81.0% 148.70
9.21 Property   1 Oklahoma City Residence Inn 5/17/2033 135.55 112.79 83.2% 135.55 112.79 83.2% 129.14
9.22 Property   1 La Vista Courtyard by Marriott 5/17/2033 128.54 76.12 59.2% 128.54 76.12 59.2% 127.76
9.23 Property   1 Springfield Residence Inn 5/17/2033 133.78 106.32 79.5% 133.78 106.32 79.5% 133.28
9.24 Property   1 Fort Smith Courtyard by Marriott 5/17/2033 113.50 85.54 75.4% 113.50 85.54 75.4% 110.56
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle 12/31/2028 649.91 471.16 72.5% 649.91 471.16 72.5% 657.09
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 One Westlake NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 22 1 International Plaza II NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 10, 33 1 One Park Square NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 29, 36 1 Petaluma Marina Business Center NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAP NAP NAP NAP NAP NAP NAP NAP
24.01 Property   1 6585 East Broad Street NAP NAP NAP NAP NAP NAP NAP NAP
24.02 Property   1 745 Arden Lane NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-29 

 

Benchmark 2024-V11 Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                   
1 Loan 30, 34 1 Estate Yountville 355.36 53.3% 853.35 324.12 38.0%
2 Loan 9, 18, 24, 33, 36 1 Atlantic Terminal NAP NAP NAP NAP NAP
3 Loan   1 The Metropolitan Apartments NAP NAP NAP NAP NAP
4 Loan 31, 35 1 Midlink Business Park NAP NAP NAP NAP NAP
5 Loan 9,  10, 12, 20, 22, 24, 26, 33 1 Colony Square NAP NAP NAP NAP NAP
6 Loan 19, 25, 26, 36 1 Royal Palm I & II NAP NAP NAP NAP NAP
7 Loan 10, 11, 20, 22 13 Prime Northeast Portfolio NAP NAP NAP NAP NAP
7.01 Property   1 Prime Storage - Somerville NAP NAP NAP NAP NAP
7.02 Property   1 Prime Storage - Boston South End NAP NAP NAP NAP NAP
7.03 Property   1 Prime Storage - Washington NAP NAP NAP NAP NAP
7.04 Property   1 Prime Storage - Boston Traveler St. NAP NAP NAP NAP NAP
7.05 Property   1 Prime Storage - Newington NAP NAP NAP NAP NAP
7.06 Property   1 Prime Storage - Brookfield NAP NAP NAP NAP NAP
7.07 Property   1 Prime Storage - Quakertown NAP NAP NAP NAP NAP
7.08 Property   1 Prime Storage - Phillipsburg NAP NAP NAP NAP NAP
7.09 Property   1 Prime Storage - Fairless Hills NAP NAP NAP NAP NAP
7.10 Property   1 Prime Storage - Lindenwold Egg Harbor Rd NAP NAP NAP NAP NAP
7.11 Property   1 Prime Storage - New Milford NAP NAP NAP NAP NAP
7.12 Property   1 Prime Storage - Hyde Park NAP NAP NAP NAP NAP
7.13 Property   1 Prime Storage - Clinton NAP NAP NAP NAP NAP
8 Loan 10, 18, 19, 22, 23, 24, 36 1 Cortland West Champions NAP NAP NAP NAP NAP
9 Loan 9, 10, 11, 20, 22, 23, 24, 30, 32, 34 24 Atrium Hotel Portfolio 24 Pack 111.93 70.3% 153.98 101.83 66.1%
9.01 Property   1 Rogers (Bentonville) Embassy Suites 121.68 70.1% 163.69 107.60 65.7%
9.02 Property   1 Frisco Embassy Suites 110.50 68.1% 154.52 94.54 61.2%
9.03 Property   1 Hilton Long Beach 167.70 83.1% 181.39 144.39 79.6%
9.04 Property   1 San Marcos Embassy Suites 113.37 73.5% 151.66 102.69 67.7%
9.05 Property   1 Loveland Embassy Suites 117.04 70.8% 159.75 104.33 65.3%
9.06 Property   1 Albuquerque Embassy Suites 116.41 71.7% 151.84 120.17 79.1%
9.07 Property   1 Branson Chateau Hotel 105.66 58.2% 187.16 101.25 54.1%
9.08 Property   1 Lincoln Embassy Suites 107.10 63.1% 166.36 101.46 61.0%
9.09 Property   1 Richardson Renaissance 91.73 61.1% 140.18 70.36 50.2%
9.10 Property   1 Charleston Embassy Suites 117.88 75.7% 157.30 110.32 70.1%
9.11 Property   1 Nashville South Embassy Suites 118.30 73.6% 156.34 107.90 69.0%
9.12 Property   1 La Vista Embassy Suites 95.90 59.4% 158.74 88.64 55.8%
9.13 Property   1 St. Charles Embassy Suites 126.52 78.6% 155.58 116.99 75.2%
9.14 Property   1 Hot Springs Embassy Suites 109.60 67.1% 159.46 100.71 63.2%
9.15 Property   1 East Peoria Embassy Suites 119.69 75.1% 152.40 103.85 68.1%
9.16 Property   1 Tucson University Marriott 122.43 72.1% 157.06 112.14 71.4%
9.17 Property   1 Embassy Suites Lexington UK Coldstream 98.30 62.4% 165.02 92.42 56.0%
9.18 Property   1 Normal Marriott Hotel 97.50 68.3% 145.82 91.43 62.7%
9.19 Property   1 Oklahoma City Courtyard by Marriott 90.54 72.4% 127.31 83.00 65.2%
9.20 Property   1 North Charleston Residence Inn 114.14 76.8% 141.53 119.72 84.6%
9.21 Property   1 Oklahoma City Residence Inn 110.87 85.8% 134.93 99.15 73.5%
9.22 Property   1 La Vista Courtyard by Marriott 70.42 55.1% 120.59 66.30 55.0%
9.23 Property   1 Springfield Residence Inn 105.91 79.5% 126.19 91.29 72.3%
9.24 Property   1 Fort Smith Courtyard by Marriott 84.72 76.6% 106.85 82.92 77.6%
10 Loan 18, 35 1 The Amnia NAP NAP NAP NAP NAP
11 Loan 31, 36 1 Four Seasons Hotel Seattle 458.94 69.8% 675.82 437.65 64.8%
12 Loan 12, 22, 35, 36 1 Clorox Center NAP NAP NAP NAP NAP
13 Loan 9, 10, 23, 31, 33, 36 1 Atlanta Decorative Arts Center NAP NAP NAP NAP NAP
14 Loan   1 One Westlake NAP NAP NAP NAP NAP
15 Loan 9, 10, 22 1 International Plaza II NAP NAP NAP NAP NAP
16 Loan 10, 33 1 One Park Square NAP NAP NAP NAP NAP
17 Loan   1 The Abner Apartments NAP NAP NAP NAP NAP
18 Loan 29, 36 1 Animas Valley MHC NAP NAP NAP NAP NAP
19 Loan 35 1 429-431 Kennedy  NAP NAP NAP NAP NAP
20 Loan 19, 20 1 The Hanley Retail NAP NAP NAP NAP NAP
21 Loan 29, 36 1 Petaluma Marina Business Center NAP NAP NAP NAP NAP
22 Loan   1 Lockaway Storage - New Braunfels NAP NAP NAP NAP NAP
23 Loan 18, 35 1 110 East 1st Street NAP NAP NAP NAP NAP
24 Loan 11, 13, 15, 35 2 745 Arden & 6585 East Broad NAP NAP NAP NAP NAP
24.01 Property   1 6585 East Broad Street NAP NAP NAP NAP NAP
24.02 Property   1 745 Arden Lane NAP NAP NAP NAP NAP
25 Loan 12, 18, 28, 31, 35 1 137 Rivington NAP NAP NAP NAP NAP
26 Loan   1 Ranch Road Storage NAP NAP NAP NAP NAP

 

 A-1-30 

 

Benchmark 2024-V11

Footnotes to Annex A-1

 

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

GACC—German American Capital Corporation or one of its affiliates; BMO—Bank of Montreal or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates; Barclays—Barclays Capital Real Estate Inc. or one of its affiliates.

With respect to Loan No. 2, Atlantic Terminal, the mortgage loan was co-originated by CREFI and Goldman Sachs Bank USA.

With respect to Loan No. 5, Colony Square, the mortgage loan is part of a whole loan that was co-originated by BMO, GACC and Goldman Sachs Bank USA, each of which (or in the case of Goldman Sachs Bank USA, its affiliate GSMC) is acting as a seller with respect to one or more notes evidencing such mortgage loan.

 

 A-1-31 

 

  With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Wells Fargo Bank, National Association.

With respect to Loan No. 13, Atlanta Decorative Arts Center, the mortgage loan is part of a whole loan that was co-originated by CREFI and Wells Fargo Bank, National Association.

With respect to Loan No. 15, International Plaza II, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and JPMorgan Chase Bank, National Association.
   
(10) With respect to the pari passu loans referenced below, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%), and Loan Per Unit ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude any mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt. For additional information see the table titled “Whole Loan Control Notes and Non–Control Notes” under “Description of the Mortgage Pool—The Whole Loans—General” in this Preliminary Prospectus.
● Loan No. 5 – Colony Square
● Loan No. 7 – Prime Northeast Portfolio
● Loan No. 8 – Cortland West Champions
● Loan No. 9 – Atrium Hotel Portfolio 24 Pack
● Loan No. 13 – Atlanta Decorative Arts Center
● Loan No. 15 – International Plaza II
● Loan No. 16 – One Park Square
   
(11) With respect to any Mortgaged Property securing a multi–property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut–off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property.
● Loan No. 7 – Prime Northeast Portfolio
● Loan No. 9 – Atrium Hotel Portfolio 24 Pack
● Loan No. 24 – 745 Arden & 6585 East Broad
   
(12) With respect to Loan No. 5, Colony Square, the mortgaged property consists of (i) four Class A office buildings (Building 100, 300, 400 and 500), (ii) a retail component, and (iii) a parking garage. Building 100 consists of 310,158 square feet of office space, 11,164 square feet of amenity space and 7,689 square feet of storage space. Building 300 consists of 73,200 square feet of office spaces and 4,900 square feet of other spaces. Building 400 consists of 381,034 square feet of office spaces, 7,236 square feet of storage spaces, and 141 square feet of other spaces. Building 500 consists of 121,437 square feet of office space. The Retail Component consists of 168,653 square feet. As of September 9, 2024, the office and retail components are 80.2% and 98.0% occupied, respectively, while the storage and amenity/other components are 52.2% and 83.1% occupied, respectively.

With respect to Loan No. 12, Clorox Center, the mortgaged property consists of lab and office space. Lab space comprises approximately 30% of the square footage across the six buildings with office comprising approximately the remaining 70%. Both the lab and office portions of the mortgaged property are 100.0% occupied as of November 6, 2024.

With respect to Loan No. 25, 137 Rivington, the mortgaged property consists of 18 multifamily units and 2,000 square feet of ground floor retail space. Both the multifamily and the retail portions are 100.0% occupied as of August 16, 2024. The multifamily portion accounts for 77.0% of total underwritten EGI and the retail portion accounts for 22.3%.
   

 

 A-1-32 

 

(13) With respect to Loan No.  24, 745 Arden & 6585 East Broad, the related mortgaged properties are subject to use restrictions set forth in the related tenant leases.  See “Description of the Mortgage Pool—Use Restrictions” in the Preliminary Prospectus.
   
(14) The Administrative Cost Rate (%) includes the respective per annum rates applicable to the calculation of the servicing fee, any sub–servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A–1, the definition of Administrative Fee Rate as it relates to any Non–Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub–servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non–Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non–Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Preliminary Prospectus.
   
(15) Annual Debt Service (IO) ($), Annual Debt Service (P&I) ($), Monthly Debt Service (IO) ($), Monthly Debt Service (P&I) ($), Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service (IO) ($), the average of such interest only payments) without regard to leap year adjustments.

With respect to Loan No. 24, 745 Arden & 6585 East Broad, the mortgage loan will become an amortizing mortgage loan that requires a constant monthly payment of $62,040.13 on the monthly payment date in November 2025 unless the borrowers deliver to the lender a fully executed and enforceable Acceptable Lease Modification Agreement on or before such date. An “Acceptable Lease Modification Agreement” means one or more binding agreements by the single tenant at each related mortgaged property that expressly provide that neither of the borrowers (nor any successor to either borrower’s interest under either such lease) will be in default of their respective obligations under either such lease to the extent that such obligations relate to, or involve any, property (including any common areas related thereto) that is not owned by such borrower so long as the applicable borrower is taking all commercially reasonable actions to enforce the terms of any reciprocal easement agreement to which the applicable mortgaged property is subject that relate to the obligation in question.  If an Acceptable Lease Modification Agreement is delivered by such deadline, the mortgage loan will remain an interest only mortgage loan.
   
(16)

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


“Soft Springing Hard” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit

 

 A-1-33 

 

  those rents into such lockbox account, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox.
   
(17) “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents).
   
(18) With respect to Loan No. 2, Atlantic Terminal, the decrease from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to Guitar Center notifying the borrower that it plans to vacate its space at the Atlantic Terminal mortgaged property at the end of its lease term in March 2025. The Guitar Center lease accounted for 22,775 square feet and $1,072,700 of annual rent and is not being included in Underwritten Net Operating Income ($).

With respect to Loan No. 8, Cortland West Champions, the increase from Most Recent NOI ($) to Underwritten NOI ($) reflects the anticipated abated real estate taxes.

With respect to Loan No. 10, The Amnia, the increase in Underwritten Net Operating Income ($) is primarily attributed to the mortgaged property leasing up after being constructed in 2023.

With respect to Loan No. 23, 110 East 1st Street, the increase in Underwritten Net Operating Income ($) is primarily attributed to the mortgaged property leasing up after being acquired and renovated by the borrower sponsor in 2023.

With respect to Loan No. 25, 137 Rivington, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is due to recent renovations in combination with leasing efforts over the last year which enabled the borrower to increase gross potential rent. Eight units at the mortgaged property which were disputed as being deregulated/fair-market were recently vacated by their tenants allowing for an increase in rents.
   
(19) The grace periods noted under “Grace Period – Late Fee (Days)” and Grace Period – Default (Days) reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A–1 to this Preliminary Prospectus.

With respect to Loan No. 6, Royal Palm I & II, a Grace Period – Late Fee (Days) of five days is permitted once in any 12-month period.

With respect to Loan No. 8, Cortland West Champions, a Grace Period - Late Fee (Days) of five days is permitted once during any 12-month period.

With respect to Loan No. 20, The Hanley Retail, a Grace Period - Late Fee (Days) of five days is permitted other than the payment of principal due on the maturity date.

With respect to Loan No. 20, The Hanley Retail, the borrower has a five-day Grace Period - Default (Days).
   
(20) In certain cases, in addition to an “as–is” value, the appraisal states an “as complete”, “as–stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value ($) set forth on Annex A–1 is the “as–is” value unless otherwise specified in this Preliminary

 

 A-1-34 

 

  Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the Cut-off Date LTV Ratio (%) was calculated using the related “as complete”, “as–stabilized” or “hypothetical” Appraised Values, as opposed to the “as–is” Appraised Values, each as set forth in the following table:

 

Mortgage Loan

% of Initial Pool Balance

Mortgage Loan Cut- off Date LTV Ratio (Other Than “As-Is”)

Mortgage Loan LTV Ratio at Maturity (Other Than “As-Is”)

Appraised Value (Other Than “As-Is”)

Mortgage Loan Cut-off Date LTV Ratio (“As-Is”)

Mortgage Loan LTV Ratio at Maturity (“As-Is”)

Appraised Value (“As-Is”)

Prime Northeast Portfolio(1) 6.2% 65.2% 65.2% $181,100,000 66.8% 66.8% $176,550,000
Atrium Hotel Portfolio 24 Pack(2) 4.8% 32.1% 32.1% $1,448,000,000 33.7% 33.7% $1,381,200,000
The Hanley Retail(3) 1.7% 53.9% 53.9% $33,400,000 55.9% 55.9% $32,200,000
               
               
 
 
  (1) With respect to Loan No. 7. Prime Northeast Portfolio, the portfolio appraised value of $181,100,000 prepared as of July 31, 2024, is inclusive of an approximately 2.6% portfolio premium and reflects the "as-is" values of the Prime Northeast Portfolio mortgaged properties as a whole if sold in their entirety to a single buyer. The 'as-is" appraised values of the individual properties in the aggregate total $178,550,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of the Prime Northeast Portfolio whole loan based upon the individual 'as-is appraised values are 88.8% and 88.8%, respectively.
  (2) With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, the As Is Portfolio Appraised Value of $ 1,448,000,000 includes an approximately 4.8% portfolio premium. The As-Is Appraised Value without the portfolio premium is $1,381,200,000. which results in a Cut-off Date LTV and Maturity Date LTV of 33.7% for the senior notes and 71.3% for the Atrium Hotel Portfolio 24 Pack Whole Loan.
  (3) With respect to Loan No. 20, the Appraised Value represents the "prospective market value upon stabilization" of $33,400,000 as of November 1. 2025 which includes value attributable to the Fifth Largest Tenant, Aesop USA, inc which is expected to commence paying rent in April 2025. The mortgage loan includes an upfront unfunded obligations reserve of $196.000 which includes all free rent.

 

  In addition, with respect to Loan No. 5, Colony Square, the Appraised Value of $516,000,000 reflects the appraised value of the buildings at the mortgaged property if sold individually.  The appraisal determined an as is portfolio value of $465,000,000 if the mortgaged property were to be sold in its entirety, reflecting an approximately 10% portfolio discount.  Such portfolio appraised value would result in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 55.9% compared to a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 50.4% based on the Appraised Value of $516,000,000.
   
(21)

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

“L(x)” means lock–out for x payments.

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

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

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


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

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

Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio Mortgage Loan) under various circumstances, as described in this Preliminary Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus and footnote 23 below. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger.

   

 

 A-1-35 

 

(22)

With respect to Loan No. 5, Colony Square, the lockout period will be at least 25 payment dates beginning with and including the first payment date on November 6, 2024. Defeasance or voluntary prepayment of the Colony Square whole loan in full (but not in part) with yield maintenance is permitted at any time after the earlier to occur of (i) October 2, 2028 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected Benchmark 2024-V11 securitization trust closing date in November 2024. The actual lockout period may be longer.

With respect to Loan No. 7, Prime Northeast Portfolio, the borrowers may obtain the release of any of the individual Prime Northeast Portfolio mortgaged properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

With respect to Loan No. 8, Cortland West Champions, voluntary prepayment of the Cortland West Champions Whole Loan is permitted (i) in whole (but not in part) without a yield maintenance premium on any business day on or after April 6, 2029 or (ii) in part with a yield maintenance premium in connection with a PHFC Prepayment as described under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Real Estate and Other Tax Considerations” in this Preliminary Prospectus.

 

 

With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, the Whole Loan may be prepaid in whole or in part at any time, subject to a yield maintenance premium on the principal amount of such prepayment, if made prior to the payment date in May 2029. The Atrium Hotel Portfolio 24 Pack Whole Loan is also prepayable in part (a) in connection with a release of an individual Atrium Hotel Portfolio 24 Pack mortgaged property and (b) to achieve the debt yield necessary to permit a Debt Yield Cure. Any voluntary prepayments are subject to satisfaction of all the conditions in the Atrium Hotel Portfolio 24 Pack Whole Loan documents including, without limitation, (i) no event of default exists and is continuing under the Atrium Hotel Portfolio 24 Pack Whole Loan documents (except (x) the borrower can prepay the Whole Loan in whole during the continuance of an event of default and (y) in connection with the release of an Atrium Hotel Portfolio 24 Pack mortgaged property which release would cure such event of default, in each case in accordance with the Atrium Hotel Portfolio 24 Pack Whole Loan documents); and (ii) the borrowers pay, in addition to the outstanding principal amount of the Atrium Hotel Portfolio 24 Pack Whole Loan to be prepaid, (A) all interest that would have accrued on the amount of the Atrium Hotel Portfolio 24 Pack Whole Loan to be paid through and including the last day of the Atrium Hotel Portfolio 24 Pack Whole Loan interest accrual period in which such prepayment occurs; (B) all other sums then due and payable under the Atrium Hotel Portfolio 24 Pack Whole Loan documents; and (C) if such prepayment is made prior to the May 2029 payment date, the applicable yield maintenance premium. At any time on or after the date that is the earlier to occur of (i) the payment date occurring in November 2027 and (ii) the second anniversary of the date on which the entire Atrium Hotel Portfolio 24 Pack Whole Loan has been securitized pursuant to one or a series of securitizations, the Atrium Hotel Portfolio 24 Pack Whole Loan may be defeased in whole (or in part in connection with a partial release as described under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus) with certain non-redeemable U.S. securities backed by the full faith and credit of the U.S. government which provide for payments on or before (but as close as possible to) the remaining Atrium Hotel Portfolio 24 Pack Whole Loan payment dates through and including the open prepayment date in amounts equal to scheduled debt service on the Atrium Hotel Portfolio 24 Pack Whole Loan, including the balloon payment on the open prepayment date. Any partial prepayment of the Atrium Hotel Portfolio 24 Pack Whole Loan will be applied first to the Senior Notes on a pro rata basis (and sequentially to the Senior Note components), and then to the Junior Notes, on a pro rata basis (and sequentially to the Junior Note components). The assumed defeasance lockout period of 24 payments is based on the closing date of the Benchmark 2024-V11 transaction in November 2024. The actual defeasance lockout period may be longer.

With respect to Loan No. 12, Clorox Center, the borrower may obtain the free release of the Expansion Site in the event that either (i) Clorox exercises its expansion option, so that an affiliate of the borrower can construct the Expansion Premises or (ii) if Clorox exercises its purchase option with respect to the

 

 

 A-1-36 

 

  Expansion Site. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Mixed Use Properties" and “—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus.
   
  With respect to Loan No. 15, International Plaza II, “Yield Maintenance Premium” means, with respect to any repayment of the outstanding principal balance of the Mortgage Loan, an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the portion of the Mortgage Loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal  and interest under the applicable promissory note to be made with respect to the Mortgage Loan under the applicable promissory note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the portion of the Mortgage Loan being prepaid is paid on the permitted par prepayment date (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the prepayment rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding payment date in the event such payment is not made on a payment date), over (ii) the principal amount being prepaid.
   
(23) Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.

With respect to Loan No. 8, Cortland West Champions, to the extent (i) the mortgaged property does not receive the tax exemption by January 31, 2026 or (ii) the mortgaged property is removed from the Pleasanton Housing Finance Corporation (PHFC) program for any reason or the borrowers surrender the leasehold estate in the mortgaged property, the borrowers will be required, within 30 days thereafter, to prepay the Mortgage Loan in an amount sufficient to achieve a debt yield of 10.96% and a debt service coverage ratio of 1.54x, plus the yield maintenance premium, as applicable (the “PHFC Prepayment Amount”). Failure to pay any portion of the PHFC Prepayment Amount will be full recourse to the borrowers and guarantor, on a joint and several basis.

With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, the borrowers may obtain the release of one or more Atrium Hotel Portfolio 24 Pack mortgaged properties from the lien of the Atrium Hotel Portfolio 24 Pack Whole Loan by prepaying or defeasing the applicable release price, subject to the satisfaction of certain conditions, including but not limited to the debt yield on the Atrium Hotel Portfolio 24 Pack Whole Loan as calculated under the Atrium Hotel Portfolio 24 Pack Whole Loan documents after giving effect to the release is at least equal to the greater of (i) 11.0% and (ii) the debt yield immediately prior to giving effect to such release; provided that in no event will the debt yield be required to be more than 12.5% (provided (x) the borrower can obtain a release of a property in connection with an arms’ length sale to a third party even if such debt yield test is not met subject to satisfaction of the conditions in the Mortgage Loan Agreement and (y) the borrower may defease or prepay a portion of the Whole Loan in order to achieve such required debt yield).

With respect to Loan No. 13, Atlanta Decorative Arts Center, the borrower may obtain the release of an unimproved non-income producing land parcel located at the mortgaged property as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
   
(24)

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

With respect to Loan No. 2, Atlantic Terminal, the related mortgaged property is ground leased by the borrower from the Metropolitan Transportation Authority and Long Island Rail Road Company. The ground lease expires August 4, 2094, with no renewal options. Pursuant to the ground lease, the Atlantic Terminal mortgaged property is subject to a PILOT arrangement under which in lieu of paying real estate taxes to

 

 A-1-37 

 

  New York City, the borrower is obligated to pay the same amount of taxes to the Metropolitan Transit Authority. In addition, the PILOT arrangement provides for a partial tax abatement pursuant to which a percentage of the real property taxes attributable to the improvements is deducted from the PILOT payment. Such percentage was 100% beginning in the 2002/2003 tax year and for the following 16 tax years, then declines by 10% for each tax year for the following nine tax years. According to the appraisal, in tax year 2024/2025, unabated taxes were estimated to be $5,708,526, inclusive of Business Improvement District (“BID”) taxes. Underwritten property taxes of $4,976,335 are based on the five-year average PILOT payment of $4,822,430 plus the 2024/2025 BID taxes of $153,905 for total underwritten taxes of $4,976,335. See “Description of the Mortgage Pool— Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus.
   
  With respect to Loan No. 5, Colony Square, the mortgaged property consists of 12 tax parcels, eight of which are subject to a 10-year abatement expiring primarily in 2030 pursuant to a tax abatement transaction with the Atlanta Development Authority d/b/a Invest Atlanta (the “Authority”). Each abatement begins with a 50.0% reduction against the gross tax expense and burns off by 5.0% each year. To effectuate tax abatement benefits for the mortgaged property, the borrower transferred the mortgaged property to the Authority and leased it back from the Authority pursuant to a ground lease. The ground lease expires December 31, 2032. The borrower has the right to purchase the leased fee interest from the Authority at any time during the abatement period for $1.00 in exchange for terminating any future tax abatement benefits. In addition, the Authority agreed to sell and the borrower agreed to purchase the leased fee interest for $1.00 at expiration or termination of the ground lease. In addition to the mortgage on the borrower’s leasehold estate under the ground lease, the mortgage loan is also secured by a mortgage on the Authority’s related fee interest.  

With respect to Loan No. 8, Cortland West Champions, at origination, the borrowers entered into two ground leases between Pleasanton Housing Finance Corporation (PHFC), as ground lessor, and the applicable borrower, as ground lessee, in connection with an exemption from all property taxes expected to benefit the mortgaged property. The ground leases are each for a term of 99-years, and the current rent under each ground lease is (i) $100 per unit plus (ii) 10% of the annual ad valorem property tax savings for the related portion of the mortgaged property, each payable in annual installments, with the next installment due on or before January 31, 2025. PHFC has entered into a fee agreement agreeing that such fees, and any other fees required under the PHFC program documents, be paid from excess distributable cash, if any, after the payment of debt service on the Mortgage Loan and operating expenses. The lender has a lien on both the borrowers’ leasehold interest and PHFC’s fee interest in the mortgaged property.

With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, six properties are subject to ground leases.
   
(25) With respect to Loan No. 6, Royal Palm I & II, the Second Largest Tenant, GSA, occupies five different suites at the Royal Palm I & II mortgaged property. GSA Department of Labor, representing 16,254 square feet, has a lease expiration date of August 31, 2029. GSA – IRS Law, representing 19,949 square feet, has a lease expiration date of November 25, 2027. GSA/ICE and GSA DEA, representing 8,743 and 3,145 square feet, respectively, each have a lease expiration date of October 15, 2038.
   
(26)

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

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

 

 A-1-38 

 

  With respect to the Loan No. 5, Colony Square, the largest tenant, Jones Day, which leases 10.6% of net rentable area at the Mortgaged Property, has the right to terminate one floor of its space effective in June 2031.

With respect to Loan No. 6, Royal Palm I & II, the Second Largest Tenant, GSA, occupies five different suites at the Royal Palm I & II mortgaged property with various termination options. GSA – IRS Law, representing 19,949 square feet, has the right to terminate its lease, in whole or in part, at any time after November 26, 2025, by providing not less than 120 days’ prior written notice to the landlord, and GSA Department of Labor, representing 16,254 square feet, has the right to terminate its lease with 90 days’ prior written notice. The effective date of the termination will be the day following the expiration of the required notice period or the termination date set forth in the notice, whichever is later.

With respect to Loan No. 6, Royal Palm I & II, the Fourth Largest Tenant, Brookfield Hospitality, has the right to terminate its lease, effective as of March 31, 2028, by (i) providing not less than 12 months’ prior written notice to the landlord and (ii) paying to the landlord a termination fee equal to (a) the unamortized portion of the cost of the tenant improvement expended by the landlord in connection with abatement rent and the commission paid by the landlord to the brokers, such amortization to be made evenly over the new extension term and (b) four months of rent, consisting of monthly base rent and the pro rata share of operating expenses, equal to such rent for the 43rd month of the new extension term.
   
(27) Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations¬—Other” in this Preliminary Prospectus.

The tenants–shown in Annex A–1–have signed leases but may or may not be open for business as of the Cut–off Date.
   
(28) The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants–in–common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies–in–Common or Diversified Ownership” in this Preliminary Prospectus for further information.

With respect to Loan No. 25, 137 Rivington, the borrowers own the related Mortgaged Property as tenants-in-common.
   
(29) With respect to Loan No. 18, Animas Valley MHC, during any period of time in which (i) the net cash flow debt service coverage ratio is less than 1.60x or (ii) the net cash flow debt yield is less than 10.00%, the borrower is required to deposit $4,091.67 each month as the replacement reserve monthly deposit.

With respect to Loan No. 21, Petaluma Marina Business Center, at origination, the borrower deposited an upfront TI/LC reserve of $380,000 which exceeds the TI/LC reserve cap of $175,000. If the reserve is drawn below $175,000, the borrower is required to deposit $9,710.92 into the TI/LC reserve account on a monthly basis.

With respect to Loan No. 21, Petaluma Marina Business Center, at origination, the borrower deposited an upfront replacement reserve of $200,000 which exceeds the replacement reserve cap of $58,190. If the reserve is drawn below $58,190, the borrower is required to deposit $2,427.73 into the replacement reserve account on a monthly basis.
   
(30) With respect to Loan No. 1, Estate Yountville, the borrower is required to deposit into an FF&E Reserve Account on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment and (ii) the amount of the deposit if any then required by the franchisor on account of furniture, fixtures and equipment

 

 A-1-39 

 

  under each franchise agreement. FF&E Payment means, with respect to the corresponding monthly payment date, an amount equal to 1/12th of 4.0%, of the greater of (x) the annual gross revenues for the hotel related operations at the Estate Yountville mortgaged property for the immediately preceding calendar year and (y) the projected annual gross revenues for the hotel related operations at the Estate Yountville mortgaged  property for the immediately succeeding calendar year as set forth in the then-current approved annual budget. The initial monthly FF&E Payment was determined to be approximately $125,355.

With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, beginning at origination, the borrowers are required to deposit 4% of gross income from operations into a PIP and replacements reserve every month. In addition, commencing on the payment date in November 2026 and on each payment date thereafter, the borrowers are required to deposit an additional $1,000,000 into the PIP and replacements reserve.
   
(31) With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Mortgage Pool Characteristics—Environmental Considerations” in this Preliminary Prospectus.
● Loan No. 4, Midlink Business Park
● Loan No. 11, Four Seasons Hotel Seattle
● Loan No. 13, Atlanta Decorative Arts Center
● Loan No. 25, 137 Rivington
   
(32) With respect to Loan No. 9 Atrium Hotel Portfolio 24 Pack, the whole loan has two subordinate B-Notes with an aggregate principal balance of $520,200,000 co-originated by Goldman Sachs Bank USA and Wells Fargo Bank, National Association with an interest rate of 8.97784591118801%.
   
(33) With respect to Loan No. 5, Colony Square, the borrower is permitted to obtain a one-time preferred equity investment in an amount not to exceed $40,000,000, subject to satisfaction of certain conditions, including the following:  (i) the preferred equity investment must be made by a qualified institutional investor, (ii) the loan to value ratio (as determined by the lender in its sole but reasonable discretion taking into consideration the contemplated permitted preferred equity) must be equal to or less than 65%, (iii) the debt service coverage ratio (taking into account the permitted preferred equity and based on net cash flow and the current pay interest only preferred return payable) must be equal at least 1.20x, (iv) the debt service coverage ratio (taking into account the permitted preferred equity and based on net operating income on the total preferred return (i.e., the sum of the current pay interest only return and the accrued interest only return) must be at least 1.15x, (v) the debt yield (taking into consideration the permitted preferred equity) must be equal to or greater than 10% and (vi) delivery of a rating agency confirmation.

With respect to the following loans, a direct or indirect parent entity of the borrower may incur mezzanine
debt secured by its equity interest in the borrower on the terms set forth below.

 

Motgage Loan Name

Mortgage Loan Cut-off Date Balance

Pari Passu Companion Loan Cut-off Date Balance

Subordinate Companion Loan Cut-off Date Balance

Combined Maximum LTV Ratio

Combined Minimum DSCR

Combined Minimum Debt Yield

Intercreditor Agreement Required

Atlantic Terminal(1) $93,000,000 NAP NAP 56.0 1.40x 9.7 Yes
Atlanta Decorative Arts Center $36,000,000 $24,000,000 NAP 62.5 NAP 14.17 Yes
One Park Square $27,650,000 $20,000,000 NAP 58.5 1.93x 14.22 Yes
 
 
  (1) With respect to Loan No. 2, Atlantic Terminal, either mezzanine debt or preferred equity may be incurred on the terms set forth above.

 A-1-40 

 

(34) With respect to Loan No. 1, Estate Yountville, the mortgaged property operates without a franchise agreement.

With respect to Loan No. 9, Atrium Hotel Portfolio 24 Pack, the Branson Chateau Hotel mortgaged property is unbranded and operates without a franchise agreement.
   
(35) With respect to Loan No. 4, Midlink Business Park, 2021 historical financial information was not provided by the borrower at origination of the mortgage loan.

With respect to Loan No. 10, The Amnia, historical financials beyond the T-9 Annualized as of August 31, 2024 are not available as the mortgaged property was built in 2023 and subsequently leased up.

With respect to Loan No. 12, Clorox Center, the mortgaged property was acquired by the borrower in January 2024, and the mortgage loan was used to recapitalize the borrower following the acquisition. The seller did not provide the borrower with 2023 financial statements. The borrower did not provide post-acquisition financial statements at the time the mortgage loan was originated.

With respect to Loan No. 19, 429-431 Kennedy, historical financials are not available as the mortgaged property was built in 2024.

With respect to Loan No. 23, 110 East 1st Street, historical financials beyond the T-10 Annualized as of August 1, 2024 are not available as the mortgaged property was acquired by the borrower sponsor in 2023 and subsequently renovated in 2023.

With respect to Loan No. 24, 745 Arden & 6585 East Broad, historical financial information is not available as a result of the mortgage loan being used to fund the acquisition of the related mortgaged properties.

With respect to Loan No. 25, 137 Rivington, historical financial information is partially not available as the borrower started managing the mortgaged property in 2022. Prior to that time, non-managing members did not receive property financial records.
   
(36)

With respect to Loan No. 2, Atlantic Terminal, the borrower is party to a note (the “EDC Note”) made by the borrower to the New York City Economic Development Corporation, a not-for-profit corporation organized under the Not-For-Profit Corporation Law of the State of New York, which is secured by a subordinate mortgage on the related Mortgaged Property. The EDC Note was originally for a loan in the amount of $4,000,000, and a potential net cash flow participation payment. The $4,000,000 debt was subsequently repaid and/or released and the related mortgage currently secures only the potential net cash flow participation payment. The lender obtained an assignment of a subordination and standstill agreement relating to the EDC Note from a prior lender

With respect to Loan No. 6, Royal Palm I & II, Loan No. 11, Four Seasons Hotel Seattle, and Loan No. 18, Animas Valley MHC, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower.

With respect to Loan No. 8, Cortland West Champions, all necessary documentation for admission into the Pleasanton Housing Finance Corporation (PHFC) program was effectuated, and as such, the mortgaged property is part of the PHFC program; however, the tax exemption has not yet been granted by the applicable central appraisal district. Once granted, the tax exemption is expected to be retroactive to the date fee ownership in the mortgaged property was transferred by the borrower to PHFC, on or about September 20, 2024, and continue for the term of the related ground lease or until its earlier termination. No real estate taxes were underwritten due to anticipated entry into the PHFC program.

 A-1-41 

 

 

 

 

 

 With respect to Loan No. 12, Clorox Center, Clorox’s lease allows for the tenant to expand in place via a built-to-suit of up to 340,000 square feet of additional space, but not less than 60,000 square feet. The expansion option, if exercised, would occur on unimproved land currently included in the collateral for the mortgage loan. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Mixed Use Properties" and “—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus.

With respect to Loan No. 12, Clorox Center, the lease is NNN and the tenant is responsible for either paying expenses directly or reimbursing expenses fully, apart from management fees. In lieu of management fee recoveries, the tenant reimburses $18,000 annually for “admin” expenses which is captured in the lender’s underwriting.

With respect to Loan No. 13, Atlanta Decorative Arts Center, liability for bankruptcy related recourse obligations is capped at 40% of the outstanding principal amount of the related whole loan at the time the first such event occurs.  See “Description of the Mortgage Pool—Non-Recourse Carveout Limitations.”

With respect to Loan No. 18, Animas Valley MHC, the mortgaged property is located in various streets in Farmington, Kirtland and Bloomfield in New Mexico with various zip codes.

With respect to Loan No. 18. Animas Valley MHC, the mortgaged property consists of multiple sites, some of which are non-contiguous.

With respect to Loan No. 21, Petaluma Marina Business Center, the mortgaged property includes a non-income producing conference room which is considered to be occupied in the underwritten rent roll. The unleasable space is 1,950 square feet or 1.67% of the net rentable area at the mortgaged property. As of September 25, 2024, the property is 82.9% leased including the conference room and 82.6% leased excluding the conference room.

With respect to Loan No. 21, Petaluma Marina Business Center, the loan provides for a lockbox account trigger when the debt service coverage ratio falls below 1.25x and a cash management trigger when the debt service coverage ratio falls below 1.20x.

 

 

 A-1-42