FWP 1 n4617_x2-annexa1.htm ANNEX A-1
    FREE WRITING PROSPECTUS
    FILED  PUR SUANT TO RULE 433
    REGISTRATION FILE NO.: 333-259741-10

 

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-259741) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com.

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

This material may have been prepared by or in conjunction with the respective trading desks of the Underwriters that may deal as principal in or own or act as market maker or liquidity provider for the securities/instruments (or related derivatives) mentioned herein. The trading desk may have accumulated a position in the subject securities/instruments based on the information contained herein. Trading desk materials are not independent of the proprietary interests of the Underwriters, which may conflict with your interests. Each of the Underwriters may also perform or seek to perform investment banking services for the issuers of the securities and instruments mentioned herein.

This material has been prepared for information purposes to support the promotion or marketing of the transaction or matters addressed herein. This is not a research report and was not prepared by the research department of any Underwriter. It was prepared by sales, trading, banking or other non-research personnel of one or more of the Underwriters. This material is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. Past performance is not necessarily a guide to future performance. Please see additional important information and qualifications at the end of this material.

The asset-backed securities referred to in these materials are being offered when, as and if issued. In particular, you are advised that asset-backed securities, and the asset pools backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any Underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery.

The information contained in this material is preliminary as of the date hereof. This material is subject to change, completion or amendment from time to time. The information contained herein supersedes information in any other communication relating to the securities referred to in this material; provided, that the information in this material will be superseded by similar information delivered to you as part of a preliminary prospectus.  This material is not a solicitation to participate in any trading strategy, and is not an offer to sell any security or instrument or a solicitation of an offer to buy or sell any security or instrument in any jurisdiction where an offer, solicitation or sale is not permitted.

The securities/instruments discussed in this material may not be suitable for all investors. This material has been prepared and issued by the Underwriters for intended distribution to market professionals and institutional investor clients. Other recipients should seek independent investment advice prior to making any investment decision based on this material. This material does not provide individually tailored investment advice or offer tax, regulatory, accounting or legal advice. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. You should consider this material as only a single factor in making an investment decision.

The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in securities/instruments transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and the Underwriters do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein. Some of the information contained in this document may be aggregated data of transactions in securities or other financial instruments executed by an Underwriter that has been compiled so as not to identify the underlying transactions of any particular customer.

Notwithstanding anything herein to the contrary, the Underwriters and each recipient hereof (and their employees, representatives, and other agents) may disclose to any and all persons, without limitation of any kind from the commencement of discussions, the U.S. federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to the tax treatment and tax structure (as such terms are defined in Treasury Regulation 1.6011-4). For this purpose, "tax structure" is limited to facts relevant to the U.S. federal and state income tax treatment of the transaction and does not include information relating to the identity of the parties, their affiliates, agents or advisors. This authorization of tax disclosure is retroactively effective to the commencement of discussions with prospective investors regarding the transactions contemplated herein.

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

THE OFFERED CERTIFICATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE FINANCIAL INSTRUMENTS AND EXCHANGE LAW OF JAPAN, AS AMENDED (THE “FIEL"), AND DISCLOSURE UNDER THE FIEL HAS NOT BEEN AND WILL NOT BE MADE WITH RESPECT TO THE OFFERED CERTIFICATES. ACCORDINGLY, EACH OF MORGAN STANLEY & CO. LLC, WELLS FARGO SECURITIES, LLC, J.P. MORGAN SECURITIES LLC, BOFA SECURITIES, INC., ACADEMY SECURITIES, INC., DREXEL HAMILTON, LLC AND SIEBERT WILLIAMS SHANK & CO., LLC HAS REPRESENTED AND AGREED THAT IT HAS NOT, DIRECTLY OR INDIRECTLY, OFFERED OR SOLD AND WILL NOT, DIRECTLY OR INDIRECTLY, OFFER OR SELL ANY OFFERED CERTIFICATES IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN (WHICH TERM AS USED IN THIS MATERIAL MEANS ANY PERSON RESIDENT IN JAPAN, INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANIZED UNDER THE LAWS OF JAPAN) OR TO OTHERS FOR REOFFERING OR RE-SALE, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND OTHERWISE IN COMPLIANCE WITH, THE FIEL AND OTHER RELEVANT LAWS, REGULATIONS AND MINISTERIAL GUIDELINES OF JAPAN. AS PART OF THIS OFFERING OF THE OFFERED CERTIFICATES, THE UNDERWRITERS MAY OFFER THE OFFERED CERTIFICATES IN JAPAN TO UP TO 49 OFFEREES IN ACCORDANCE WITH THE ABOVE PROVISIONS.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this material having been sent via Bloomberg or another email system. 

   

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
% of Loan Balance Mortgage
Loan
Originator(1)
Mortgage
Loan Seller(1)
Related Group Crossed Group Address  City  County  State  Zip Code  General Property Type Detailed Property Type
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 100.0% JPMCB JPMCB NAP NAP 2100 Bartow Avenue Bronx Bronx NY 10475 Mixed Use Retail/Office
2 Loan 5, B 1 Gateway Center North 9.7% 100.0% BANA BANA NAP NAP 501 Gateway Drive Brooklyn Kings NY 11239 Retail Anchored
3 Loan 12 1 Metro 3610 9.5% 100.0% JPMCB JPMCB NAP NAP 3610 Banbury Drive Riverside Riverside CA 92505 Multifamily Garden
4 Loan 5, 8, C 1 Queens Center 9.4% 100.0% JPMCB/MSMCH JPMCB/MSMCH NAP NAP 90-15 Queens Boulevard Elmhurst Queens NY 11373 Retail Super Regional Mall
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4%   MSBNA MSMCH NAP NAP Various Various Various Various Various Manufactured Housing Various
5.01 Property   1 River Run 1.1% 11.6%         12 Sir Lancelot Drive Exeter Rockingham NH 03833 Manufactured Housing Manufactured Housing
5.02 Property   1 Las Quintas 0.7% 7.9%         10442 North Frontage Road Yuma Yuma AZ 85365 Manufactured Housing RV Park
5.03 Property   1 Del Pueblo 0.7% 7.0%         14794 South Avenue 3 East Yuma Yuma AZ 85365 Manufactured Housing Manufactured Housing/RV Park
5.04 Property   1 River Grove 0.6% 6.9%         8440 U.S. Highway 1 Sebastian Brevard FL 32976 Manufactured Housing Manufactured Housing
5.05 Property   1 Indian Skies 0.6% 6.5%         1050 South Arizona Boulevard Coolidge Pinal AZ 85128 Manufactured Housing RV Park
5.06 Property   1 Quail Run 0.6% 6.4%         14010 South Amado Boulevard Arizona City Pinal AZ 85123 Manufactured Housing RV Park
5.07 Property   1 Kastaway Key 0.6% 5.8%         4918 14th Street West Bradenton Manatee FL 34207 Manufactured Housing Manufactured Housing/RV Park
5.08 Property   1 Landing Resort 0.5% 5.5%         37400 Chancey Road Zephyrhills Pasco FL 33541 Manufactured Housing RV Park
5.09 Property   1 Ridgecrest 0.5% 4.9%         170 North Yonge Street Ormond Beach Volusia FL 32174 Manufactured Housing Manufactured Housing/RV Park
5.10 Property   1 Olive Hill 0.4% 4.1%         2921 Wyandotte Avenue Oroville Butte CA 95966 Manufactured Housing Manufactured Housing
5.11 Property   1 Wildwood Acres 0.4% 3.9%         503 Shawn Avenue Wildwood Sumter FL 34785 Manufactured Housing Manufactured Housing
5.12 Property   1 Orange Grove 0.4% 3.8%         647 and 661 Nuna Avenue Fort Myers Lee FL 33905 Manufactured Housing Manufactured Housing/RV Park
5.13 Property   1 Elmwood 0.3% 3.5%         3300 South Nova Road South Daytona Volusia FL 32129 Manufactured Housing Manufactured Housing
5.14 Property   1 Seabranch 0.3% 3.2%         5545 South Kanner Highway Stuart Martin FL 34997 Manufactured Housing Manufactured Housing/RV Park
5.15 Property   1 Royal Palms 0.3% 3.1%         560 West Pleasant Avenue Tulare Tulare CA 93274 Manufactured Housing Manufactured Housing/RV Park
5.16 Property   1 Sandbar 0.3% 3.1%         40703 Stewart Road Dade City Pasco FL 33525 Manufactured Housing Manufactured Housing/RV Park
5.17 Property   1 San Tan Vista 0.3% 3.0%         654 East Ranch Road San Tan Valley Pinal AZ 85140 Manufactured Housing Manufactured Housing
5.18 Property   1 Lake Ridge 0.3% 2.9%         451 East Burleigh Boulevard Tavares Lake FL 32778 Manufactured Housing Manufactured Housing
5.19 Property   1 Cliftwood 0.3% 2.7%         7101 West Anthony Road Ocala Marion FL 34479 Manufactured Housing Manufactured Housing/RV Park
5.20 Property   1 Zephyr Palms 0.2% 2.3%         35120 State Road 54 Zephyrhills Pasco FL 33541 Manufactured Housing RV Park
5.21 Property   1 Bamboo 0.2% 2.0%         2430 Charles Road Hallandale Beach Broward FL 33009 Manufactured Housing Manufactured Housing
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3%   WFB WFB NAP NAP Various Various Various Various Various Hospitality Various
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% 9.8%         3201 & 3303 Pinnacle Hills Parkway Rogers Benton AR 72758 Hospitality Full Service
6.02 Property   1 Frisco Embassy Suites 0.5% 7.5%         7600 John Q Hammons Drive Frisco Collin TX 75034 Hospitality Full Service
6.03 Property   1 Hilton Long Beach 0.4% 7.1%         701 West Ocean Boulevard Long Beach Los Angeles CA 90831 Hospitality Full Service
6.04 Property   1 San Marcos Embassy Suites 0.4% 6.2%         1001 East McCarty Lane San Marcos Hays TX 78666 Hospitality Full Service
6.05 Property   1 Loveland Embassy Suites 0.4% 6.2%         4705 Clydesdale Parkway Loveland Larimer CO 80538 Hospitality Full Service
6.06 Property   1 Albuquerque Embassy Suites 0.3% 5.6%         1000 Woodward Place Northeast Albuquerque Bernalillo NM 87102 Hospitality Full Service
6.07 Property   1 Branson Chateau Hotel 0.3% 5.1%         415 North State Highway 265 Branson Taney MO 65616 Hospitality Full Service
6.08 Property   1 Lincoln Embassy Suites 0.3% 4.8%         1040 P Street Lincoln Lancaster NE 68508 Hospitality Full Service
6.09 Property   1 Richardson Renaissance 0.3% 4.7%         900 East Lookout Drive Richardson Dallas and Collin TX 75082 Hospitality Full Service
6.10 Property   1 Charleston Embassy Suites 0.3% 4.6%         300 Court Street Charleston Kanawha WV 25301 Hospitality Full Service
6.11 Property   1 Nashville South Embassy Suites 0.3% 4.5%         820 Crescent Centre Drive Franklin Williamson TN 37067 Hospitality Full Service
6.12 Property   1 La Vista Embassy Suites 0.3% 4.4%         12520 Westport Parkway La Vista Sarpy NE 68128 Hospitality Full Service
6.13 Property   1 St. Charles Embassy Suites 0.2% 3.7%         2 Convention Center Plaza Saint Charles St. Charles MO 63303 Hospitality Full Service
6.14 Property   1 Hot Springs Embassy Suites 0.2% 3.3%         400 Convention Boulevard Hot Springs Garland AR 71901 Hospitality Full Service
6.15 Property   1 East Peoria Embassy Suites 0.2% 3.1%         100 Conference Center Drive East Peoria Tazewell IL 61611 Hospitality Full Service
6.16 Property   1 Tucson University Marriott 0.2% 3.0%         880 East 2nd Street Tucson Pima AZ 85719 Hospitality Full Service
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% 2.9%         1801 Newtown Pike Lexington Fayette KY 40511 Hospitality Full Service
6.18 Property   1 Normal Marriott Hotel 0.2% 2.7%         201 Broadway Street Normal Mclean IL 61761 Hospitality Full Service
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% 2.3%         2 West Reno Avenue Oklahoma City Oklahoma OK 73102 Hospitality Select Service
6.20 Property   1 North Charleston Residence Inn 0.1% 2.2%         5035 International Boulevard North Charleston Charleston SC 29418 Hospitality Limited Service; Extended Stay
6.21 Property   1 Oklahoma City Residence Inn 0.1% 2.0%         400 East Reno Avenue Oklahoma City Oklahoma OK 73104 Hospitality Limited Service; Extended Stay
6.22 Property   1 La Vista Courtyard by Marriott 0.1% 1.8%         12560 Westport Parkway La Vista Sarpy NE 68128 Hospitality Select Service
6.23 Property   1 Springfield Residence Inn 0.1% 1.5%         1303 East Kingsley Street Springfield Greene MO 65804 Hospitality Limited Service; Extended Stay
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% 1.1%         900 Rogers Avenue Fort Smith Sebastian AR 72901 Hospitality Select Service
7 Loan F 1 Wareham Crossing 6.1% 100.0% BANA BANA NAP NAP 2421 Cranberry Highway Wareham Plymouth MA 02571 Retail Anchored
8 Loan   1 609 West Randolph Street 4.0% 100.0% JPMCB JPMCB NAP NAP 609 West Randolph Street Chicago Cook IL 60661 Office CBD
9 Loan   1 MoCo Portfolio 3.3% 100.0% MSBNA MSMCH NAP NAP 12510 Prosperity Drive, 12520 Prosperity Drive, 12501 Prosperity Drive and 7361 Calhoun Place Silver Spring, Rockville Montgomery MD 20904, 20855 Office Suburban
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 100.0% BMO MSMCH NAP NAP 1197 Peachtree Street Northeast Atlanta Fulton GA 30361 Mixed Use Office/Retail
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 100.0% WFB WFB NAP NAP 351 and 349 Peachtree Hills Avenue Northeast Atlanta Fulton GA 30305 Retail Showroom
12 Loan 18 1 4265 San Felipe 2.9% 100.0% JPMCB JPMCB NAP NAP 4265 San Felipe Street Houston Harris TX 77027 Office CBD
13 Loan   1 Woodscreek Commons 2.6% 100.0% WFB WFB NAP NAP 702-742 South Randall Road Algonquin McHenry IL 60102 Retail Anchored
14 Loan   1 390 Wythe Avenue 2.5% 100.0% BANA BANA NAP NAP 386-394 Wythe Avenue Brooklyn Kings NY 11249 Multifamily Mid Rise
15 Loan 19 1 Miramar Metroplex 2.4% 100.0% BANA BANA NAP NAP 7340 and 7480 Miramar Road San Diego San Diego CA 92126 Mixed Use Retail/Office
16 Loan 7 1 Kenhorst Plaza 2.1% 100.0% MSBNA MSMCH NAP NAP 300 Kenhorst Plaza Reading Berks PA 19607 Retail Anchored
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% 100.0% JPMCB JPMCB NAP NAP 1-3 West 125th Street New York New York NY 10027 Retail Anchored
18 Loan   1 Kent Supreme Self Storage 1.4% 100.0% BANA BANA NAP NAP 25301 Pacific Highway South Kent King WA 98032 Self Storage Self Storage
19 Loan   1 HPI Self Storage - Holiday FL 1.1% 100.0% MSBNA MSMCH NAP NAP 1539 US Highway 19 Alternate Holiday Pasco FL 34684 Self Storage Self Storage
20 Loan   1 LA Fitness - Linden, NJ 1.0% 100.0% MSBNA MSMCH NAP NAP 950 West Edgar Road Linden Union NJ 07036 Retail Single Tenant
21 Loan   1 Springfield Valley Apartments 1.0% 100.0% BANA BANA Group 1 NAP 111 Providence Road Morton Delaware PA 19070 Multifamily Garden
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9%   JPMCB JPMCB NAP NAP Various Memphis Shelby TN Various Multifamily Garden
22.01 Property   1 Mendenhall Gardens 0.5% 56.0%         543 North Mendenhall Road Memphis Shelby TN 38117 Multifamily Garden
22.02 Property   1 High Point Apartments 0.4% 44.0%         491 North Highland Street Memphis Shelby TN 38122 Multifamily Garden
23 Loan   1 180 1st Avenue 0.9% 100.0% MSBNA MSMCH NAP NAP 180 1st Avenue New York New York NY 10009 Mixed Use Multifamily/Retail
24 Loan J 1 Osprey Cove MHC 0.9% 100.0% MSBNA MSMCH NAP NAP 2058 US-9 Ocean View Cape May NJ 08230 Manufactured Housing Manufactured Housing
25 Loan   1 Cityscape Arts 0.9% 100.0% WFB WFB NAP NAP 301 Nichols Street Fort Worth Tarrant TX 76102 Multifamily Garden
26 Loan 23 1 1302 Kings Highway 0.8% 100.0% MSBNA MSMCH NAP NAP 1302 Kings Highway Brooklyn Kings NY 11229 Office Medical
27 Loan   1 Lake Eustis MHP 0.7% 100.0% MSBNA MSMCH NAP NAP 44 Sharps Circle Eustis Lake FL 32726 Manufactured Housing Manufactured Housing
28 Loan   1 Winchester Self Storage 0.7% 100.0% MSBNA MSMCH NAP NAP 617 Milton Ray Drive Winchester Frederick VA 22603 Self Storage Self Storage
29 Loan K 1 Carousel Ranch MHC 0.5% 100.0% MSBNA MSMCH NAP NAP 4315 North Flowing Wells Road Tucson Pima AZ 85705 Manufactured Housing Manufactured Housing
30 Loan 24 1 109-111 Lexington Avenue 0.4% 100.0% BANA BANA NAP NAP 109-111 Lexington Avenue New York New York NY 10016 Mixed Use Multifamily/Retail
31 Loan   1 Riverwest Business Park 0.4% 100.0% BANA BANA Group 1 NAP 2917 Riverwest Drive Augusta Richmond GA 30907 Industrial Flex
32 Loan L 1 Ponderosa 0.3% 100.0% MSBNA MSMCH Group 2 NAP 9529 East Ponderosa Drive North Webster Kosciusko IN 46555 Manufactured Housing Manufactured Housing/RV Park
33 Loan M 1 Bo Mar 0.2% 100.0% MSBNA MSMCH Group 2 NAP 251 West Valparaiso Street Westville La Porte IN 46391 Manufactured Housing Manufactured Housing

 

 A-1-1 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate %(3) Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 1988, 2013 2023 568,813 SF 492.25 77,000,000 77,000,000 77,000,000 6.13000% 0.01795% 6.11205% NAP 398,804.75 NAP 4,785,657.00
2 Loan 5, B 1 Gateway Center North 9.7% 2014 NAP 601,212 SF 498.99 77,000,000 77,000,000 77,000,000 6.82700% 0.01920% 6.80780% NAP 444,150.08 NAP 5,329,800.96
3 Loan 12 1 Metro 3610 9.5% 1984 2022 304 Units 248,355.26 75,500,000 75,500,000 75,500,000 6.18100% 0.01795% 6.16305% NAP 394,289.14 NAP 4,731,469.68
4 Loan 5, 8, C 1 Queens Center 9.4% 1973 2004 412,033 SF 1,274.17 75,000,000 75,000,000 75,000,000 5.37000% 0.01795% 5.35205% NAP 340,286.46 NAP 4,083,437.52
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% Various NAP 3,932 Pads 31,790.44 75,000,000 75,000,000 75,000,000 5.68700% 0.02670% 5.66030% NAP 360,374.13 NAP 4,324,489.56
5.01 Property   1 River Run 1.1% 1970 NAP 267 Pads   8,690,400 8,690,400 8,690,400              
5.02 Property   1 Las Quintas 0.7% 1997 NAP 453 Pads   5,908,800 5,908,800 5,908,800              
5.03 Property   1 Del Pueblo 0.7% 2001 NAP 479 Pads   5,236,200 5,236,200 5,236,200              
5.04 Property   1 River Grove 0.6% 1982 NAP 173 Pads   5,163,600 5,163,600 5,163,600              
5.05 Property   1 Indian Skies 0.6% 1950 NAP 288 Pads   4,857,600 4,857,600 4,857,600              
5.06 Property   1 Quail Run 0.6% 1989 NAP 311 Pads   4,765,800 4,765,800 4,765,800              
5.07 Property   1 Kastaway Key 0.6% 1947 NAP 175 Pads   4,374,600 4,374,600 4,374,600              
5.08 Property   1 Landing Resort 0.5% 1990 NAP 270 Pads   4,162,200 4,162,200 4,162,200              
5.09 Property   1 Ridgecrest 0.5% 1950 NAP 131 Pads   3,705,000 3,705,000 3,705,000              
5.10 Property   1 Olive Hill 0.4% 1968 NAP 128 Pads   3,076,800 3,076,800 3,076,800              
5.11 Property   1 Wildwood Acres 0.4% 2015 NAP 131 Pads   2,916,000 2,916,000 2,916,000              
5.12 Property   1 Orange Grove 0.4% 1964 NAP 128 Pads   2,834,400 2,834,400 2,834,400              
5.13 Property   1 Elmwood 0.3% 1949 NAP 102 Pads   2,604,000 2,604,000 2,604,000              
5.14 Property   1 Seabranch 0.3% 1958 NAP 91 Pads   2,373,000 2,373,000 2,373,000              
5.15 Property   1 Royal Palms 0.3% 1968 NAP 96 Pads   2,339,400 2,339,400 2,339,400              
5.16 Property   1 Sandbar 0.3% 1954 NAP 239 Pads   2,304,000 2,304,000 2,304,000              
5.17 Property   1 San Tan Vista 0.3% 1966 NAP 67 Pads   2,283,600 2,283,600 2,283,600              
5.18 Property   1 Lake Ridge 0.3% 1961 NAP 96 Pads   2,190,600 2,190,600 2,190,600              
5.19 Property   1 Cliftwood 0.3% 1973 NAP 105 Pads   2,011,200 2,011,200 2,011,200              
5.20 Property   1 Zephyr Palms 0.2% 1982 NAP 156 Pads   1,706,400 1,706,400 1,706,400              
5.21 Property   1 Bamboo 0.2% 1960 NAP 46 Pads   1,496,400 1,496,400 1,496,400              
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% Various Various 6,106 Rooms 76,121.85 50,000,000 50,000,000 50,000,000 5.53252% 0.01720% 5.51532% NAP 233,723.51 NAP 2,804,682.12
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% 2003 2015-2018 400 Rooms   4,911,168 4,911,168 4,911,168              
6.02 Property   1 Frisco Embassy Suites 0.5% 2005 2015, 2017 330 Rooms   3,760,812 3,760,812 3,760,812              
6.03 Property   1 Hilton Long Beach 0.4% 1992 2016, 2017 399 Rooms   3,536,650 3,536,650 3,536,650              
6.04 Property   1 San Marcos Embassy Suites 0.4% 2008 2023-2024 283 Rooms   3,085,076 3,085,076 3,085,076              
6.05 Property   1 Loveland Embassy Suites 0.4% 2009 NAP 263 Rooms   3,076,548 3,076,548 3,076,548              
6.06 Property   1 Albuquerque Embassy Suites 0.3% 2005 2022-2023 261 Rooms   2,782,944 2,782,944 2,782,944              
6.07 Property   1 Branson Chateau Hotel 0.3% 1997 NAP 301 Rooms   2,528,985 2,528,985 2,528,985              
6.08 Property   1 Lincoln Embassy Suites 0.3% 2000 2023-2024 252 Rooms   2,423,452 2,423,452 2,423,452              
6.09 Property   1 Richardson Renaissance 0.3% 2001 2018 335 Rooms   2,331,980 2,331,980 2,331,980              
6.10 Property   1 Charleston Embassy Suites 0.3% 1997 2019 253 Rooms   2,292,132 2,292,132 2,292,132              
6.11 Property   1 Nashville South Embassy Suites 0.3% 2001 2015-2016 250 Rooms   2,230,964 2,230,964 2,230,964              
6.12 Property   1 La Vista Embassy Suites 0.3% 2008 NAP 257 Rooms   2,194,213 2,194,213 2,194,213              
6.13 Property   1 St. Charles Embassy Suites 0.2% 2005 2017-2018 296 Rooms   1,834,518 1,834,518 1,834,518              
6.14 Property   1 Hot Springs Embassy Suites 0.2% 2003 NAP 246 Rooms   1,657,919 1,657,919 1,657,919              
6.15 Property   1 East Peoria Embassy Suites 0.2% 2008 NAP 226 Rooms   1,530,457 1,530,457 1,530,457              
6.16 Property   1 Tucson University Marriott 0.2% 1996 2017 250 Rooms   1,479,036 1,479,036 1,479,036              
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% 1999 NAP 230 Rooms   1,427,056 1,427,056 1,427,056              
6.18 Property   1 Normal Marriott Hotel 0.2% 2009 2019 228 Rooms   1,373,807 1,373,807 1,373,807              
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% 2004 2014, 2019 225 Rooms   1,167,005 1,167,005 1,167,005              
6.20 Property   1 North Charleston Residence Inn 0.1% 2004 2019-2020 150 Rooms   1,098,680 1,098,680 1,098,680              
6.21 Property   1 Oklahoma City Residence Inn 0.1% 2007 NAP 151 Rooms   1,021,269 1,021,269 1,021,269              
6.22 Property   1 La Vista Courtyard by Marriott 0.1% 2009 2019 246 Rooms   919,289 919,289 919,289              
6.23 Property   1 Springfield Residence Inn 0.1% 2004 2019 136 Rooms   764,975 764,975 764,975              
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% 2007 NAP 138 Rooms   571,066 571,066 571,066              
7 Loan F 1 Wareham Crossing 6.1% 2007 NAP 534,774 SF 90.88 48,600,000 48,600,000 48,600,000 6.42100% 0.01920% 6.40180% NAP 263,662.31 NAP 3,163,947.72
8 Loan   1 609 West Randolph Street 4.0% 2022 NAP 94,985 SF 336.90 32,000,000 32,000,000 32,000,000 7.23500% 0.03795% 7.19705% NAP 195,612.96 NAP 2,347,355.52
9 Loan   1 MoCo Portfolio 3.3% 1984-1987 NAP 381,106 SF 68.22 26,000,000 26,000,000 26,000,000 7.25000% 0.01920% 7.23080% NAP 159,265.05 NAP 1,911,180.60
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 1972, 1974, 2020, 2021 2000 1,085,612 SF 239.50 25,000,000 25,000,000 25,000,000 7.37500% 0.01795% 7.35705% NAP 155,779.80 NAP 1,869,357.60
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 1961 1981 419,711 SF 142.96 24,000,000 24,000,000 24,000,000 6.52000% 0.01795% 6.50205% NAP 132,211.11 NAP 1,586,533.32
12 Loan 18 1 4265 San Felipe 2.9% 1984 2021 209,780 SF 111.55 23,400,000 23,400,000 23,400,000 7.40000% 0.04795% 7.35205% NAP 146,304.17 NAP 1,755,650.04
13 Loan   1 Woodscreek Commons 2.6% 2003 NAP 209,815 SF 97.71 20,500,000 20,500,000 20,500,000 6.38200% 0.01920% 6.36280% NAP 110,540.08 NAP 1,326,480.96
14 Loan   1 390 Wythe Avenue 2.5% 1900 2010 69 Units 289,855.07 20,000,000 20,000,000 20,000,000 6.85000% 0.01920% 6.83080% NAP 115,752.31 NAP 1,389,027.72
15 Loan 19 1 Miramar Metroplex 2.4% 1992 2013 195,038 SF 97.16 18,950,000 18,950,000 18,950,000 6.81800% 0.01920% 6.79880% NAP 109,162.97 NAP 1,309,955.64
16 Loan 7 1 Kenhorst Plaza 2.1% 1990 NAP 161,424 SF 102.22 16,500,000 16,500,000 16,500,000 7.04000% 0.01920% 7.02080% NAP 98,144.44 NAP 1,177,733.28
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% 1901 2009 30,955 SF 445.81 13,800,000 13,800,000 13,800,000 6.99900% 0.01795% 6.98105% NAP 81,606.40 NAP 979,276.80
18 Loan   1 Kent Supreme Self Storage 1.4% 2019 NAP 76,660 SF 150.01 11,500,000 11,500,000 11,500,000 5.86000% 0.01920% 5.84080% NAP 56,938.31 NAP 683,259.72
19 Loan   1 HPI Self Storage - Holiday FL 1.1% 2021 NAP 90,755 SF 93.66 8,500,000 8,500,000 8,500,000 6.09000% 0.01920% 6.07080% NAP 43,736.63 NAP 524,839.56
20 Loan   1 LA Fitness - Linden, NJ 1.0% 2023 NAP 41,000 SF 193.90 7,950,000 7,950,000 7,950,000 7.73000% 0.01920% 7.71080% NAP 51,922.52 NAP 623,070.24
21 Loan   1 Springfield Valley Apartments 1.0% 1970 NAP 60 Units 130,000.00 7,800,000 7,800,000 7,800,000 6.48200% 0.01920% 6.46280% NAP 42,718.18 NAP 512,618.16
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% Various NAP 146 Units 51,369.86 7,500,000 7,500,000 7,500,000 6.45000% 0.01795% 6.43205% NAP 40,872.40 NAP 490,468.80
22.01 Property   1 Mendenhall Gardens 0.5% 1962 NAP 82 Units   4,196,429 4,196,429 4,196,429              
22.02 Property   1 High Point Apartments 0.4% 1965 NAP 64 Units   3,303,571 3,303,571 3,303,571              
23 Loan   1 180 1st Avenue 0.9% 1900 2022 14 Units 507,142.86 7,100,000 7,100,000 7,100,000 6.78000% 0.01920% 6.76080% NAP 40,672.15 NAP 488,065.80
24 Loan J 1 Osprey Cove MHC 0.9% 2017 NAP 110 Pads 64,227.27 7,065,000 7,065,000 7,065,000 6.23000% 0.01920% 6.21080% NAP 37,188.56 NAP 446,262.72
25 Loan   1 Cityscape Arts 0.9% 2020 NAP 56 Units 125,000.00 7,000,000 7,000,000 7,000,000 5.60000% 0.01920% 5.58080% NAP 33,120.37 NAP 397,444.44
26 Loan 23 1 1302 Kings Highway 0.8% 1925 1996 18,250 SF 350.68 6,400,000 6,400,000 6,400,000 6.41000% 0.01920% 6.39080% NAP 34,661.48 NAP 415,937.76
27 Loan   1 Lake Eustis MHP 0.7% 1947 NAP 113 Pads 49,712.39 5,617,500 5,617,500 5,617,500 6.37000% 0.01920% 6.35080% NAP 30,233.72 NAP 362,804.64
28 Loan   1 Winchester Self Storage 0.7% 2021 NAP 63,400 SF 84.38 5,350,000 5,350,000 5,350,000 5.94000% 0.01920% 5.92080% NAP 26,850.31 NAP 322,203.72
29 Loan K 1 Carousel Ranch MHC 0.5% 1960, 1963 NAP 90 Pads 48,055.56 4,325,000 4,325,000 4,325,000 6.01700% 0.08670% 5.93030% NAP 21,987.47 NAP 263,849.64
30 Loan 24 1 109-111 Lexington Avenue 0.4% 1910 NAP 4,100 SF 865.85 3,550,000 3,550,000 3,550,000 7.38000% 0.01920% 7.36080% NAP 22,135.73 NAP 265,628.76
31 Loan   1 Riverwest Business Park 0.4% 2004 NAP 51,370 SF 63.27 3,250,000 3,250,000 3,250,000 5.98000% 0.01920% 5.96080% NAP 16,420.78 NAP 197,049.36
32 Loan L 1 Ponderosa 0.3% 1968 NAP 93 Pads 29,333.33 2,728,000 2,728,000 2,728,000 6.73000% 0.01920% 6.71080% NAP 15,512.03 NAP 186,144.36
33 Loan M 1 Bo Mar 0.2% 1961 NAP 33 Pads 45,333.33 1,496,000 1,496,000 1,496,000 6.51000% 0.01920% 6.49080% NAP 8,228.52 NAP 98,742.24


 A-1-2 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period to
Late Charge
(Days)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% Interest Only No Actual/360 60 59 60 59 0 0 9/17/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 0
2 Loan 5, B 1 Gateway Center North 9.7% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 6 12/6/2024 NAP 11/6/2029 NAP 5
3 Loan 12 1 Metro 3610 9.5% Interest Only No Actual/360 60 60 60 60 0 0 10/11/2024 0 10 12/10/2024 NAP 11/10/2029 NAP 0
4 Loan 5, 8, C 1 Queens Center 9.4% Interest Only No Actual/360 60 60 60 60 0 0 10/28/2024 0 6 12/6/2024 NAP 11/6/2029 NAP 5
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% Interest Only No Actual/360 60 59 60 59 0 0 9/19/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 0
5.01 Property   1 River Run 1.1%                                  
5.02 Property   1 Las Quintas 0.7%                                  
5.03 Property   1 Del Pueblo 0.7%                                  
5.04 Property   1 River Grove 0.6%                                  
5.05 Property   1 Indian Skies 0.6%                                  
5.06 Property   1 Quail Run 0.6%                                  
5.07 Property   1 Kastaway Key 0.6%                                  
5.08 Property   1 Landing Resort 0.5%                                  
5.09 Property   1 Ridgecrest 0.5%                                  
5.10 Property   1 Olive Hill 0.4%                                  
5.11 Property   1 Wildwood Acres 0.4%                                  
5.12 Property   1 Orange Grove 0.4%                                  
5.13 Property   1 Elmwood 0.3%                                  
5.14 Property   1 Seabranch 0.3%                                  
5.15 Property   1 Royal Palms 0.3%                                  
5.16 Property   1 Sandbar 0.3%                                  
5.17 Property   1 San Tan Vista 0.3%                                  
5.18 Property   1 Lake Ridge 0.3%                                  
5.19 Property   1 Cliftwood 0.3%                                  
5.20 Property   1 Zephyr Palms 0.2%                                  
5.21 Property   1 Bamboo 0.2%                                  
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% Interest Only No Actual/360 60 60 60 60 0 0 10/7/2024 0 6 12/6/2024 NAP 11/6/2029 NAP 0
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%                                  
6.02 Property   1 Frisco Embassy Suites 0.5%                                  
6.03 Property   1 Hilton Long Beach 0.4%                                  
6.04 Property   1 San Marcos Embassy Suites 0.4%                                  
6.05 Property   1 Loveland Embassy Suites 0.4%                                  
6.06 Property   1 Albuquerque Embassy Suites 0.3%                                  
6.07 Property   1 Branson Chateau Hotel 0.3%                                  
6.08 Property   1 Lincoln Embassy Suites 0.3%                                  
6.09 Property   1 Richardson Renaissance 0.3%                                  
6.10 Property   1 Charleston Embassy Suites 0.3%                                  
6.11 Property   1 Nashville South Embassy Suites 0.3%                                  
6.12 Property   1 La Vista Embassy Suites 0.3%                                  
6.13 Property   1 St. Charles Embassy Suites 0.2%                                  
6.14 Property   1 Hot Springs Embassy Suites 0.2%                                  
6.15 Property   1 East Peoria Embassy Suites 0.2%                                  
6.16 Property   1 Tucson University Marriott 0.2%                                  
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%                                  
6.18 Property   1 Normal Marriott Hotel 0.2%                                  
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%                                  
6.20 Property   1 North Charleston Residence Inn 0.1%                                  
6.21 Property   1 Oklahoma City Residence Inn 0.1%                                  
6.22 Property   1 La Vista Courtyard by Marriott 0.1%                                  
6.23 Property   1 Springfield Residence Inn 0.1%                                  
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%                                  
7 Loan F 1 Wareham Crossing 6.1% Interest Only No Actual/360 60 60 60 60 0 0 10/4/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
8 Loan   1 609 West Randolph Street 4.0% Interest Only No Actual/360 60 60 60 60 0 0 10/25/2024 0 5 12/5/2024 NAP 11/5/2029 NAP 0
9 Loan   1 MoCo Portfolio 3.3% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 6 12/6/2024 NAP 11/6/2029 NAP 0
10 Loan 5, 16, 17, G 1 Colony Square 3.1% Interest Only No Actual/360 60 59 60 59 0 0 10/2/2024 1 6 11/6/2024 NAP 10/6/2029 NAP 0
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% Interest Only No Actual/360 60 59 60 59 0 0 10/4/2024 1 9 11/9/2024 NAP 10/9/2029 NAP 0
12 Loan 18 1 4265 San Felipe 2.9% Interest Only No Actual/360 60 59 60 59 0 0 9/30/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 0
13 Loan   1 Woodscreek Commons 2.6% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 11 12/11/2024 NAP 11/11/2029 NAP 0
14 Loan   1 390 Wythe Avenue 2.5% Interest Only No Actual/360 60 59 60 59 0 0 9/18/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
15 Loan 19 1 Miramar Metroplex 2.4% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 3
16 Loan 7 1 Kenhorst Plaza 2.1% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 0
18 Loan   1 Kent Supreme Self Storage 1.4% Interest Only No Actual/360 60 59 60 59 0 0 9/17/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
19 Loan   1 HPI Self Storage - Holiday FL 1.1% Interest Only No Actual/360 60 59 60 59 0 0 9/18/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
20 Loan   1 LA Fitness - Linden, NJ 1.0% Interest Only No Actual/360 60 59 60 59 0 0 9/27/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
21 Loan   1 Springfield Valley Apartments 1.0% Interest Only No Actual/360 60 60 60 60 0 0 10/18/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% Interest Only No Actual/360 60 59 60 59 0 0 9/30/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 0
22.01 Property   1 Mendenhall Gardens 0.5%                                  
22.02 Property   1 High Point Apartments 0.4%                                  
23 Loan   1 180 1st Avenue 0.9% Interest Only No Actual/360 60 60 60 60 0 0 10/22/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
24 Loan J 1 Osprey Cove MHC 0.9% Interest Only No Actual/360 60 60 60 60 0 0 10/17/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
25 Loan   1 Cityscape Arts 0.9% Interest Only No Actual/360 60 59 60 59 0 0 9/13/2024 1 11 11/11/2024 NAP 10/11/2029 NAP 0
26 Loan 23 1 1302 Kings Highway 0.8% Interest Only No Actual/360 60 60 60 60 0 0 10/23/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
27 Loan   1 Lake Eustis MHP 0.7% Interest Only No Actual/360 60 59 60 59 0 0 9/26/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
28 Loan   1 Winchester Self Storage 0.7% Interest Only No Actual/360 60 60 60 60 0 0 10/11/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
29 Loan K 1 Carousel Ranch MHC 0.5% Interest Only No Actual/360 60 59 60 59 0 0 10/1/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
30 Loan 24 1 109-111 Lexington Avenue 0.4% Interest Only No Actual/360 60 60 60 60 0 0 10/18/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 5
31 Loan   1 Riverwest Business Park 0.4% Interest Only No Actual/360 60 59 60 59 0 0 9/10/2024 1 1 11/1/2024 NAP 10/1/2029 NAP 5
32 Loan L 1 Ponderosa 0.3% Interest Only No Actual/360 60 60 60 60 0 0 10/18/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 0
33 Loan M 1 Bo Mar 0.2% Interest Only No Actual/360 60 60 60 60 0 0 10/17/2024 0 1 12/1/2024 NAP 11/1/2029 NAP 0

 

 A-1-3 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Grace Period to Default
(Days)
Prepayment Provisions
(No. of Payments)
Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($) Third Most Recent Expenses ($) Third Most Recent NOI ($)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 0 L(24),YM1(29),O(7) 32,153,664 8,699,508 23,454,156 6/30/2024 T-12 32,188,080 9,157,596 23,030,484 12/31/2023 T-12 31,351,881 9,203,234 22,148,647
2 Loan 5, B 1 Gateway Center North 9.7% 0 L(23),YM1(1),DorYM1(29),O(7) 35,451,392 9,908,655 25,542,737 8/31/2024 T-12 34,848,697 9,860,190 24,988,506 12/31/2023 T-12 34,479,241 9,936,749 24,542,492
3 Loan 12 1 Metro 3610 9.5% 0 L(24),D(30),O(6) 7,987,785 1,816,847 6,170,938 9/30/2024 T-12 7,557,928 1,817,387 5,740,541 12/31/2023 T-12 NAV NAV NAV
4 Loan 5, 8, C 1 Queens Center 9.4% 0 L(24),DorYM1(29),O(7) 96,970,236 47,239,932 49,730,304 9/30/2024 T-12 99,301,114 46,818,839 52,482,275 12/31/2023 T-12 102,751,752 47,275,208 55,476,544
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% 5 YM1(53),O(7) 21,982,648 11,838,277 10,144,371 8/31/2024 T-12 20,664,491 11,260,087 9,404,404 12/31/2023 T-12 NAV NAV NAV
5.01 Property   1 River Run 1.1%     2,072,280 953,555 1,118,725 8/31/2024 T-12 1,910,457 1,030,860 879,597 12/31/2023 T-12 NAV NAV NAV
5.02 Property   1 Las Quintas 0.7%     1,942,091 1,122,978 819,114 8/31/2024 T-12 1,778,144 945,747 832,397 12/31/2023 T-12 NAV NAV NAV
5.03 Property   1 Del Pueblo 0.7%     1,820,400 1,124,184 696,217 8/31/2024 T-12 1,789,854 1,026,110 763,744 12/31/2023 T-12 NAV NAV NAV
5.04 Property   1 River Grove 0.6%     1,426,087 697,569 728,518 8/31/2024 T-12 1,350,200 665,051 685,150 12/31/2023 T-12 NAV NAV NAV
5.05 Property   1 Indian Skies 0.6%     1,324,706 664,706 660,000 8/31/2024 T-12 1,213,280 640,667 572,614 12/31/2023 T-12 NAV NAV NAV
5.06 Property   1 Quail Run 0.6%     1,334,020 692,768 641,252 8/31/2024 T-12 1,224,432 678,107 546,325 12/31/2023 T-12 NAV NAV NAV
5.07 Property   1 Kastaway Key 0.6%     1,087,233 518,279 568,954 8/31/2024 T-12 944,403 459,522 484,881 12/31/2023 T-12 NAV NAV NAV
5.08 Property   1 Landing Resort 0.5%     1,215,024 629,344 585,680 8/31/2024 T-12 1,168,937 638,532 530,405 12/31/2023 T-12 NAV NAV NAV
5.09 Property   1 Ridgecrest 0.5%     918,711 408,721 509,990 8/31/2024 T-12 883,087 375,680 507,406 12/31/2023 T-12 NAV NAV NAV
5.10 Property   1 Olive Hill 0.4%     1,417,971 993,514 424,458 8/31/2024 T-12 1,381,635 915,310 466,325 12/31/2023 T-12 NAV NAV NAV
5.11 Property   1 Wildwood Acres 0.4%     608,843 207,900 400,943 8/31/2024 T-12 562,244 202,830 359,414 12/31/2023 T-12 NAV NAV NAV
5.12 Property   1 Orange Grove 0.4%     869,224 563,727 305,497 8/31/2024 T-12 886,892 529,201 357,691 12/31/2023 T-12 NAV NAV NAV
5.13 Property   1 Elmwood 0.3%     744,014 343,881 400,134 8/31/2024 T-12 690,334 347,108 343,226 12/31/2023 T-12 NAV NAV NAV
5.14 Property   1 Seabranch 0.3%     819,244 440,198 379,046 8/31/2024 T-12 748,691 440,949 307,742 12/31/2023 T-12 NAV NAV NAV
5.15 Property   1 Royal Palms 0.3%     752,150 533,090 219,060 8/31/2024 T-12 730,493 504,934 225,560 12/31/2023 T-12 NAV NAV NAV
5.16 Property   1 Sandbar 0.3%     879,936 554,518 325,418 8/31/2024 T-12 839,010 499,172 339,838 12/31/2023 T-12 NAV NAV NAV
5.17 Property   1 San Tan Vista 0.3%     446,212 105,512 340,700 8/31/2024 T-12 408,149 108,315 299,834 12/31/2023 T-12 NAV NAV NAV
5.18 Property   1 Lake Ridge 0.3%     624,189 334,476 289,712 8/31/2024 T-12 567,677 315,809 251,869 12/31/2023 T-12 NAV NAV NAV
5.19 Property   1 Cliftwood 0.3%     582,064 296,363 285,702 8/31/2024 T-12 521,297 299,949 221,348 12/31/2023 T-12 NAV NAV NAV
5.20 Property   1 Zephyr Palms 0.2%     700,984 457,846 243,137 8/31/2024 T-12 685,785 440,821 244,963 12/31/2023 T-12 NAV NAV NAV
5.21 Property   1 Bamboo 0.2%     397,264 195,149 202,115 8/31/2024 T-12 379,488 195,413 184,076 12/31/2023 T-12 NAV NAV NAV
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% 0 YM1(24),DorYM1(29),O(7) 380,097,056 259,589,891 120,507,166 8/31/2024 T-12 365,891,863 252,422,183 113,469,681 12/31/2023 T-12 326,379,817 225,387,138 100,992,678
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%     30,748,522 17,352,106 13,396,416 8/31/2024 T-12 28,071,690 15,937,075 12,134,614 12/31/2023 T-12 26,041,560 14,361,354 11,680,206
6.02 Property   1 Frisco Embassy Suites 0.5%     25,060,603 15,917,021 9,143,581 8/31/2024 T-12 23,421,041 16,198,038 7,223,003 12/31/2023 T-12 19,826,490 14,807,051 5,019,438
6.03 Property   1 Hilton Long Beach 0.4%     33,535,892 25,188,834 8,347,058 8/31/2024 T-12 33,499,607 25,027,568 8,472,039 12/31/2023 T-12 27,827,873 21,986,755 5,841,118
6.04 Property   1 San Marcos Embassy Suites 0.4%     21,855,879 14,296,282 7,559,597 8/31/2024 T-12 21,085,957 13,875,623 7,210,334 12/31/2023 T-12 18,830,319 12,527,477 6,302,842
6.05 Property   1 Loveland Embassy Suites 0.4%     22,086,703 14,704,501 7,382,202 8/31/2024 T-12 20,543,052 14,391,851 6,151,201 12/31/2023 T-12 17,380,417 12,350,952 5,029,465
6.06 Property   1 Albuquerque Embassy Suites 0.3%     20,055,242 13,542,201 6,513,041 8/31/2024 T-12 16,885,278 12,129,020 4,756,258 12/31/2023 T-12 16,603,918 11,627,302 4,976,615
6.07 Property   1 Branson Chateau Hotel 0.3%     21,589,992 14,868,125 6,721,867 8/31/2024 T-12 21,444,155 14,745,192 6,698,963 12/31/2023 T-12 19,598,567 12,976,559 6,622,008
6.08 Property   1 Lincoln Embassy Suites 0.3%     12,659,936 9,245,533 3,414,403 8/31/2024 T-12 14,439,553 9,440,579 4,998,974 12/31/2023 T-12 13,741,581 8,867,230 4,874,351
6.09 Property   1 Richardson Renaissance 0.3%     19,025,832 13,283,910 5,741,922 8/31/2024 T-12 17,928,421 12,475,030 5,453,391 12/31/2023 T-12 13,333,036 9,825,974 3,507,062
6.10 Property   1 Charleston Embassy Suites 0.3%     16,448,104 10,812,540 5,635,563 8/31/2024 T-12 15,434,074 10,136,584 5,297,491 12/31/2023 T-12 13,779,547 9,233,645 4,545,901
6.11 Property   1 Nashville South Embassy Suites 0.3%     16,145,854 10,765,838 5,380,016 8/31/2024 T-12 15,538,099 10,212,692 5,325,407 12/31/2023 T-12 13,947,743 9,330,696 4,617,048
6.12 Property   1 La Vista Embassy Suites 0.3%     18,055,897 13,166,607 4,889,290 8/31/2024 T-12 17,536,958 12,591,239 4,945,719 12/31/2023 T-12 16,461,054 11,273,393 5,187,661
6.13 Property   1 St. Charles Embassy Suites 0.2%     16,210,347 12,105,241 4,105,106 8/31/2024 T-12 15,858,101 11,625,978 4,232,123 12/31/2023 T-12 14,662,170 10,204,861 4,457,309
6.14 Property   1 Hot Springs Embassy Suites 0.2%     11,753,669 7,923,828 3,829,841 8/31/2024 T-12 11,554,866 8,103,549 3,451,317 12/31/2023 T-12 10,505,409 7,452,792 3,052,617
6.15 Property   1 East Peoria Embassy Suites 0.2%     14,257,346 10,207,885 4,049,461 8/31/2024 T-12 14,270,606 10,107,651 4,162,955 12/31/2023 T-12 11,779,114 8,275,841 3,503,273
6.16 Property   1 Tucson University Marriott 0.2%     13,979,064 10,326,339 3,652,725 8/31/2024 T-12 14,315,598 10,350,875 3,964,723 12/31/2023 T-12 13,029,808 9,104,596 3,925,212
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%     12,377,993 8,949,759 3,428,233 8/31/2024 T-12 11,893,566 8,719,466 3,174,099 12/31/2023 T-12 10,773,034 7,711,590 3,061,444
6.18 Property   1 Normal Marriott Hotel 0.2%     12,471,489 9,607,436 2,864,053 8/31/2024 T-12 12,337,230 9,690,237 2,646,992 12/31/2023 T-12 10,906,050 8,856,728 2,049,323
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%     9,994,045 6,705,556 3,288,489 8/31/2024 T-12 9,371,730 6,690,458 2,681,273 12/31/2023 T-12 8,519,605 6,227,059 2,292,546
6.20 Property   1 North Charleston Residence Inn 0.1%     6,894,592 4,261,319 2,633,273 8/31/2024 T-12 6,623,240 4,244,963 2,378,277 12/31/2023 T-12 6,948,786 4,176,037 2,772,748
6.21 Property   1 Oklahoma City Residence Inn 0.1%     6,952,366 4,149,774 2,802,592 8/31/2024 T-12 6,674,143 4,030,954 2,643,189 12/31/2023 T-12 6,072,360 3,681,225 2,391,135
6.22 Property   1 La Vista Courtyard by Marriott 0.1%     7,516,524 5,055,194 2,461,330 8/31/2024 T-12 6,905,035 4,837,342 2,067,694 12/31/2023 T-12 6,502,803 4,282,547 2,220,256
6.23 Property   1 Springfield Residence Inn 0.1%     5,615,208 3,726,346 1,888,862 8/31/2024 T-12 5,493,217 3,645,285 1,847,931 12/31/2023 T-12 4,696,416 3,059,011 1,637,405
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%     4,805,957 3,427,713 1,378,244 8/31/2024 T-12 4,766,647 3,214,935 1,551,713 12/31/2023 T-12 4,612,159 3,186,465 1,425,693
7 Loan F 1 Wareham Crossing 6.1% 5 L(24),DorYM1(32),O(4) 8,577,511 2,312,544 6,264,967 6/30/2024 T-12 8,478,566 2,222,262 6,256,304 12/31/2023 T-12 8,629,605 2,552,436 6,077,169
8 Loan   1 609 West Randolph Street 4.0% 0 L(24),D(30),O(6) 3,791,747 1,184,999 2,606,748 7/31/2024 T-12 NAV NAV NAV NAV NAV NAV NAV NAV
9 Loan   1 MoCo Portfolio 3.3% 0 L(24),D(29),O(7) 6,577,515 3,635,485 2,942,030 5/31/2024 T-12 6,328,973 3,577,811 2,751,161 12/31/2023 T-12 6,882,975 3,582,539 3,300,436
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 0 L(25),DorYM1(28),O(7) 47,695,391 18,506,436 29,188,955 7/31/2024 T-12 47,689,824 17,977,232 29,712,592 12/31/2023 T-12 42,233,801 18,192,479 24,041,323
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 0 YM0.5(25),DorYM0.5(28),O(7) 12,467,293 4,596,782 7,870,511 8/31/2024 T-12 12,380,357 4,510,635 7,869,722 12/31/2023 T-12 12,104,183 4,345,548 7,758,635
12 Loan 18 1 4265 San Felipe 2.9% 0 L(25),D(29),O(6) 4,129,406 2,390,617 1,738,789 7/31/2024 T-7 Annualized NAV NAV NAV NAV NAV NAV NAV NAV
13 Loan   1 Woodscreek Commons 2.6% 0 L(24),D(29),O(7) 3,480,369 837,485 2,642,884 8/31/2024 T-12 3,362,395 822,751 2,539,643 12/31/2023 T-12 2,917,766 825,393 2,092,373
14 Loan   1 390 Wythe Avenue 2.5% 4 L(25),D(28),O(7) 3,136,587 715,490 2,421,097 6/30/2024 T-12 3,075,910 804,327 2,271,583 12/31/2023 T-12 2,938,442 759,276 2,179,166
15 Loan 19 1 Miramar Metroplex 2.4% 3 L(24),D(29),O(7) 3,401,607 841,568 2,560,039 8/31/2024 T-12 2,981,105 783,048 2,198,057 12/31/2023 T-12 2,914,986 774,496 2,140,490
16 Loan 7 1 Kenhorst Plaza 2.1% 5 L(24),D(29),O(7) 2,402,157 811,844 1,590,313 5/31/2024 T-12 2,467,642 823,901 1,643,742 12/31/2023 T-12 2,384,802 742,979 1,641,823
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% 0 L(25),YM1(29),O(6) 1,604,043 371,324 1,232,719 12/31/2023 T-12 1,575,205 326,822 1,248,383 12/31/2022 T-12 1,393,280 291,432 1,101,848
18 Loan   1 Kent Supreme Self Storage 1.4% 4 L(25),D(28),O(7) 1,468,801 497,603 971,198 7/31/2024 T-12 1,465,628 494,417 971,211 12/31/2023 T-12 1,338,916 479,115 859,801
19 Loan   1 HPI Self Storage - Holiday FL 1.1% 5 L(25),D(28),O(7) 1,367,413 574,191 793,222 6/30/2024 T-12 1,181,554 564,339 617,214 12/31/2023 T-12 834,774 535,190 299,584
20 Loan   1 LA Fitness - Linden, NJ 1.0% 5 L(25),D(28),O(7) NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
21 Loan   1 Springfield Valley Apartments 1.0% 4 L(24),D(29),O(7) 1,027,633 476,219 551,414 8/31/2024 T-12 964,081 420,970 543,111 12/31/2023 T-12 939,126 401,363 537,764
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% 0 L(25),D(29),O(6) 1,676,585 664,626 1,011,959 6/30/2024 T-12 1,596,046 607,230 988,816 12/31/2023 T-12 1,571,693 699,615 872,078
22.01 Property   1 Mendenhall Gardens 0.5%     938,089 371,874 566,215 6/30/2024 T-12 893,026 339,760 553,266 12/31/2023 T-12 879,400 391,451 487,948
22.02 Property   1 High Point Apartments 0.4%     738,496 292,752 445,744 6/30/2024 T-12 703,020 267,470 435,550 12/31/2023 T-12 692,293 308,164 384,130
23 Loan   1 180 1st Avenue 0.9% 5 L(24),D(31),O(5) 794,685 166,234 628,452 8/31/2024 T-12 836,629 263,182 573,447 12/31/2023 T-12 NAV NAV NAV
24 Loan J 1 Osprey Cove MHC 0.9% 5 L(23),YM1(30),O(7) 860,667 396,309 464,358 7/31/2024 T-12 813,987 353,703 460,284 12/31/2023 T-12 764,170 251,307 512,863
25 Loan   1 Cityscape Arts 0.9% 0 L(25),D(31),O(4) 1,309,665 699,445 610,220 7/31/2024 T-12 1,263,795 640,661 623,134 12/31/2023 T-12 1,252,635 673,500 579,135
26 Loan 23 1 1302 Kings Highway 0.8% 5 L(24),D(32),O(4) 1,173,371 226,640 946,731 7/31/2024 T-12 1,050,197 221,967 828,230 12/31/2023 T-12 1,067,230 236,014 831,216
27 Loan   1 Lake Eustis MHP 0.7% 5 L(25),D(30),O(5) 769,107 250,451 518,655 7/31/2024 T-12 727,308 261,947 465,361 12/31/2023 T-12 588,414 243,517 344,897
28 Loan   1 Winchester Self Storage 0.7% 5 L(24),D(31),O(5) 736,931 165,441 571,490 8/31/2024 T-12 724,758 165,769 558,988 12/31/2023 T-12 435,878 159,018 276,860
29 Loan K 1 Carousel Ranch MHC 0.5% 5 L(24),YM1(31),O(5) 639,339 336,034 303,306 8/31/2024 T-12 549,888 319,972 229,915 12/31/2023 T-12 479,501 280,070 199,430
30 Loan 24 1 109-111 Lexington Avenue 0.4% 4 L(24),D(29),O(7) 280,500 73,632 206,868 4/30/2024 T-12 247,438 77,900 169,538 12/31/2023 T-12 316,334 75,412 240,922
31 Loan   1 Riverwest Business Park 0.4% 4 L(25),D(31),O(4) 441,276 78,084 363,192 6/30/2024 T-12 396,997 84,206 312,791 12/31/2023 T-12 NAV NAV NAV
32 Loan L 1 Ponderosa 0.3% 5 L(23),YM1(30),O(7) 371,032 126,013 245,019 8/31/2024 T-12 343,137 116,752 226,385 12/31/2023 T-12 244,685 94,372 150,313
33 Loan M 1 Bo Mar 0.2% 5 L(23),YM1(30),O(7) 190,930 63,744 127,187 8/31/2024 T-12 183,293 74,265 109,028 12/31/2023 T-12 158,496 101,359 57,137


 A-1-4 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) 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 ($)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 12/31/2022 T-12 91.6% 39,831,349 11,772,713 28,058,636 85,322 1,177,896 26,795,419 1.61 1.54 10.0% 9.6% 470,000,000
2 Loan 5, B 1 Gateway Center North 9.7% 12/31/2022 T-12 94.7% 35,640,597 10,159,122 25,481,475 71,801 478,672 24,931,003 1.23 1.20 8.5% 8.3% 443,000,000
3 Loan 12 1 Metro 3610 9.5% NAV NAV 95.0% 8,272,392 2,183,612 6,088,780 60,800 0 6,027,980 1.29 1.27 8.1% 8.0% 111,200,000
4 Loan 5, 8, C 1 Queens Center 9.4% 12/31/2022 T-12 95.8% 100,774,128 47,153,562 53,620,566 119,490 968,757 52,532,319 1.88 1.84 10.2% 10.0% 1,060,000,000
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% NAV NAV 77.3% 22,893,651 11,323,701 11,569,951 200,120 0 11,369,831 1.61 1.58 9.3% 9.1% 248,170,000
5.01 Property   1 River Run 1.1% NAV NAV 94.6% 2,314,897 917,866 1,397,031 13,350 0 1,383,681         26,760,000
5.02 Property   1 Las Quintas 0.7% NAV NAV 69.6% 1,977,379 1,097,992 879,387 22,650 0 856,737         23,100,000
5.03 Property   1 Del Pueblo 0.7% NAV NAV 50.0% 1,860,814 1,105,805 755,009 23,950 0 731,059         20,300,000
5.04 Property   1 River Grove 0.6% NAV NAV 95.0% 1,527,895 620,250 907,644 8,650 0 898,994         18,700,000
5.05 Property   1 Indian Skies 0.6% NAV NAV 66.8% 1,353,464 624,043 729,421 14,400 0 715,021         13,475,000
5.06 Property   1 Quail Run 0.6% NAV NAV 65.9% 1,377,486 674,765 702,721 16,794 0 685,927         15,200,000
5.07 Property   1 Kastaway Key 0.6% NAV NAV 83.1% 1,164,176 511,634 652,542 8,750 0 643,792         16,300,000
5.08 Property   1 Landing Resort 0.5% NAV NAV 59.1% 1,248,887 651,650 597,237 13,500 0 583,737         10,700,000
5.09 Property   1 Ridgecrest 0.5% NAV NAV 81.5% 964,410 379,496 584,914 6,550 0 578,364         12,600,000
5.10 Property   1 Olive Hill 0.4% NAV NAV 95.0% 1,474,622 962,180 512,442 6,400 0 506,042         12,010,000
5.11 Property   1 Wildwood Acres 0.4% NAV NAV 80.2% 642,928 186,763 456,165 6,550 0 449,615         7,800,000
5.12 Property   1 Orange Grove 0.4% NAV NAV 55.7% 893,804 503,845 389,959 6,400 0 383,559         7,600,000
5.13 Property   1 Elmwood 0.3% NAV NAV 87.6% 745,459 328,705 416,754 5,100 0 411,654         8,400,000
5.14 Property   1 Seabranch 0.3% NAV NAV 87.2% 780,057 421,966 358,091 4,550 0 353,541         6,600,000
5.15 Property   1 Royal Palms 0.3% NAV NAV 90.8% 800,124 448,693 351,431 6,432 0 344,999         8,350,000
5.16 Property   1 Sandbar 0.3% NAV NAV 56.9% 887,495 534,716 352,779 11,950 0 340,829         7,000,000
5.17 Property   1 San Tan Vista 0.3% NAV NAV 95.0% 470,343 103,103 367,241 3,350 0 363,891         7,975,000
5.18 Property   1 Lake Ridge 0.3% NAV NAV 94.9% 668,617 324,105 344,512 4,800 0 339,712         7,600,000
5.19 Property   1 Cliftwood 0.3% NAV NAV 86.9% 604,404 292,424 311,980 5,250 0 306,730         5,400,000
5.20 Property   1 Zephyr Palms 0.2% NAV NAV 67.3% 713,120 438,437 274,683 7,800 0 266,883         7,100,000
5.21 Property   1 Bamboo 0.2% NAV NAV 89.0% 423,269 195,262 228,007 2,944 0 225,063         5,200,000
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% 12/31/2022 T-12 71.9% 381,876,673 257,838,705 124,037,968 15,215,922 0 108,822,046 4.76 4.17 26.7% 23.4% 1,448,000,000
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% 12/31/2022 T-12 73.8% 30,748,522 17,119,076 13,629,446 1,223,770 0 12,405,676         129,000,000
6.02 Property   1 Frisco Embassy Suites 0.5% 12/31/2022 T-12 69.9% 25,060,603 15,891,313 9,169,290 997,023 0 8,172,267         109,100,000
6.03 Property   1 Hilton Long Beach 0.4% 12/31/2022 T-12 83.0% 33,535,892 25,120,761 8,415,130 1,336,436 0 7,078,695         118,100,000
6.04 Property   1 San Marcos Embassy Suites 0.4% 12/31/2022 T-12 73.3% 21,855,879 14,183,931 7,671,947 872,477 0 6,799,470         74,800,000
6.05 Property   1 Loveland Embassy Suites 0.4% 12/31/2022 T-12 74.4% 22,086,703 14,666,573 7,420,131 882,235 0 6,537,895         80,700,000
6.06 Property   1 Albuquerque Embassy Suites 0.3% 12/31/2022 T-12 83.2% 20,055,242 13,340,241 6,715,001 802,210 0 5,912,792         79,900,000
6.07 Property   1 Branson Chateau Hotel 0.3% 12/31/2022 T-12 59.2% 21,589,992 14,826,699 6,763,294 862,789 0 5,900,504         70,200,000
6.08 Property   1 Lincoln Embassy Suites 0.3% 12/31/2022 T-12 63.1% 14,439,553 9,440,579 4,998,974 577,582 0 4,421,392         71,200,000
6.09 Property   1 Richardson Renaissance 0.3% 12/31/2022 T-12 62.4% 19,025,832 13,193,725 5,832,107 733,308 0 5,098,799         70,200,000
6.10 Property   1 Charleston Embassy Suites 0.3% 12/31/2022 T-12 80.4% 16,448,104 10,739,428 5,708,676 656,043 0 5,052,634         68,100,000
6.11 Property   1 Nashville South Embassy Suites 0.3% 12/31/2022 T-12 70.1% 16,145,854 10,763,413 5,382,440 645,834 0 4,736,606         58,600,000
6.12 Property   1 La Vista Embassy Suites 0.3% 12/31/2022 T-12 63.3% 18,055,897 12,819,177 5,236,719 722,236 0 4,514,484         66,100,000
6.13 Property   1 St. Charles Embassy Suites 0.2% 12/31/2022 T-12 78.9% 16,210,347 11,869,905 4,340,442 648,414 0 3,692,028         48,900,000
6.14 Property   1 Hot Springs Embassy Suites 0.2% 12/31/2022 T-12 67.3% 11,753,669 7,874,899 3,878,770 470,147 0 3,408,623         37,900,000
6.15 Property   1 East Peoria Embassy Suites 0.2% 12/31/2022 T-12 74.0% 14,257,346 10,013,969 4,243,376 562,420 0 3,680,957         40,200,000
6.16 Property   1 Tucson University Marriott 0.2% 12/31/2022 T-12 71.5% 13,979,064 10,305,951 3,673,113 557,872 0 3,115,241         42,900,000
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% 12/31/2022 T-12 66.2% 12,377,993 9,092,094 3,285,899 495,120 0 2,790,779         43,400,000
6.18 Property   1 Normal Marriott Hotel 0.2% 12/31/2022 T-12 69.0% 12,471,489 9,442,395 3,029,094 498,860 0 2,530,234         27,700,000
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% 12/31/2022 T-12 72.9% 9,994,045 6,656,401 3,337,645 399,762 0 2,937,883         31,700,000
6.20 Property   1 North Charleston Residence Inn 0.1% 12/31/2022 T-12 81.0% 6,894,592 4,260,073 2,634,519 275,784 0 2,358,736         27,700,000
6.21 Property   1 Oklahoma City Residence Inn 0.1% 12/31/2022 T-12 83.2% 6,952,366 4,115,350 2,837,017 278,095 0 2,558,922         24,900,000
6.22 Property   1 La Vista Courtyard by Marriott 0.1% 12/31/2022 T-12 59.2% 7,516,524 5,017,075 2,499,449 300,661 0 2,198,788         24,400,000
6.23 Property   1 Springfield Residence Inn 0.1% 12/31/2022 T-12 79.5% 5,615,208 3,678,255 1,936,952 224,608 0 1,712,344         20,500,000
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% 12/31/2022 T-12 75.4% 4,805,957 3,407,423 1,398,535 192,238 0 1,206,296         15,000,000
7 Loan F 1 Wareham Crossing 6.1% 12/31/2022 T-12 91.0% 8,844,021 2,446,366 6,397,655 144,389 459,565 5,793,701 2.02 1.83 13.2% 11.9% 73,300,000
8 Loan   1 609 West Randolph Street 4.0% NAV NAV 93.0% 5,370,279 1,941,713 3,428,566 18,997 166,224 3,243,345 1.46 1.38 10.7% 10.1% 53,000,000
9 Loan   1 MoCo Portfolio 3.3% 12/31/2022 T-12 79.1% 8,090,924 3,841,068 4,249,856 76,221 393,406 3,780,229 2.22 1.98 16.3% 14.5% 40,000,000
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 12/31/2022 T-12 83.3% 49,913,938 19,331,831 30,582,107 229,823 1,085,612 29,266,672 1.57 1.51 11.8% 11.3% 516,000,000
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 12/31/2022 T-12 88.4% 13,182,996 4,678,487 8,504,509 305,779 391,608 7,807,122 2.14 1.97 14.2% 13.0% 96,000,000
12 Loan 18 1 4265 San Felipe 2.9% NAV NAV 84.4% 5,321,835 2,377,329 2,944,506 41,956 97,280 2,805,270 1.68 1.60 12.6% 12.0% 36,100,000
13 Loan   1 Woodscreek Commons 2.6% 12/31/2022 T-12 95.0% 3,454,961 915,110 2,539,852 66,000 209,815 2,264,037 1.91 1.71 12.4% 11.0% 33,000,000
14 Loan   1 390 Wythe Avenue 2.5% 12/31/2022 T-12 95.0% 3,106,666 1,257,839 1,848,827 17,250 0 1,831,577 1.33 1.32 9.2% 9.2% 32,600,000
15 Loan 19 1 Miramar Metroplex 2.4% 12/31/2022 T-12 82.7% 3,566,411 914,801 2,651,609 39,008 199,496 2,413,105 2.02 1.84 14.0% 12.7% 40,200,000
16 Loan 7 1 Kenhorst Plaza 2.1% 12/31/2022 T-12 95.0% 2,516,119 870,189 1,645,930 23,886 80,712 1,541,332 1.40 1.31 10.0% 9.3% 24,300,000
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% 12/31/2021 T-12 95.0% 1,616,286 360,524 1,255,761 4,643 38,694 1,212,424 1.28 1.24 9.1% 8.8% 21,050,000
18 Loan   1 Kent Supreme Self Storage 1.4% 12/31/2022 T-12 87.6% 1,496,807 470,043 1,026,763 6,330 0 1,020,433 1.50 1.49 8.9% 8.9% 18,000,000
19 Loan   1 HPI Self Storage - Holiday FL 1.1% 12/31/2022 T-12 100.0% 1,420,602 601,432 819,170 9,076 0 810,095 1.56 1.54 9.6% 9.5% 18,650,000
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAV NAV 95.0% 922,131 27,664 894,467 6,150 27,810 860,507 1.44 1.38 11.3% 10.8% 14,400,000
21 Loan   1 Springfield Valley Apartments 1.0% 12/31/2022 T-12 93.4% 1,051,447 371,758 679,689 15,000 0 664,689 1.33 1.30 8.7% 8.5% 11,200,000
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% 12/31/2022 T-12 92.9% 1,773,822 707,062 1,066,760 36,500 0 1,030,260 2.17 2.10 14.2% 13.7% 16,800,000
22.01 Property   1 Mendenhall Gardens 0.5% 12/31/2022 T-12 91.8% 993,091 404,278 588,813 20,500 0 568,313         9,400,000
22.02 Property   1 High Point Apartments 0.4% 12/31/2022 T-12 94.3% 780,731 302,784 477,947 16,000 0 461,947         7,400,000
23 Loan   1 180 1st Avenue 0.9% NAV NAV 95.0% 909,224 252,291 656,933 3,920 14,000 639,013 1.35 1.31 9.3% 9.0% 10,900,000
24 Loan J 1 Osprey Cove MHC 0.9% 12/31/2022 T-12 95.0% 895,237 300,806 594,431 5,500 0 588,931 1.33 1.32 8.4% 8.3% 12,600,000
25 Loan   1 Cityscape Arts 0.9% 12/31/2022 T-12 88.9% 1,277,374 647,209 630,165 18,112 6,857 605,196 1.59 1.52 9.0% 8.6% 14,700,000
26 Loan 23 1 1302 Kings Highway 0.8% 12/31/2022 T-12 95.0% 875,828 281,193 594,635 3,285 49,264 542,086 1.43 1.30 9.3% 8.5% 10,100,000
27 Loan   1 Lake Eustis MHP 0.7% 12/31/2022 T-12 82.7% 871,287 306,528 564,759 6,050 0 558,709 1.56 1.54 10.1% 9.9% 9,600,000
28 Loan   1 Winchester Self Storage 0.7% 12/31/2022 T-12 78.2% 736,931 171,855 565,076 6,340 0 558,736 1.75 1.73 10.6% 10.4% 10,690,000
29 Loan K 1 Carousel Ranch MHC 0.5% 12/31/2022 T-12 82.5% 738,782 370,292 368,490 5,080 0 363,410 1.40 1.38 8.5% 8.4% 8,900,000
30 Loan 24 1 109-111 Lexington Avenue 0.4% 12/31/2022 T-12 95.0% 416,100 91,843 324,257 4,538 0 319,719 1.22 1.20 9.1% 9.0% 5,100,000
31 Loan   1 Riverwest Business Park 0.4% NAV NAV 95.0% 516,935 126,439 390,496 7,706 25,686 357,104 1.98 1.81 12.0% 11.0% 5,210,000
32 Loan L 1 Ponderosa 0.3% 12/31/2022 T-9 84.9% 375,759 123,890 251,869 4,650 0 247,219 1.35 1.33 9.2% 9.1% 4,400,000
33 Loan M 1 Bo Mar 0.2% 12/31/2022 T-12 92.6% 195,464 63,054 132,410 1,850 0 130,560 1.34 1.32 8.9% 8.7% 2,600,000

 A-1-5 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%)(2) Occupancy Date Single Tenant (Y/N) Largest Tenant(2) Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date(4)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% As Is 7/25/2024 59.6% 59.6% 89.7% 6/1/2024 No Stop & Shop 67,333 11.8% 10/31/2033
2 Loan 5, B 1 Gateway Center North 9.7% As Is 9/6/2024 67.7% 67.7% 96.3% 9/3/2024 No JCPenney (Ground Lease) 122,473 20.4% 8/31/2034
3 Loan 12 1 Metro 3610 9.5% As Is 8/27/2024 67.9% 67.9% 96.1% 9/24/2024 NAP NAP NAP NAP NAP
4 Loan 5, 8, C 1 Queens Center 9.4% As Is 9/19/2024 49.5% 49.5% 95.4% 10/7/2024 No Primark 54,832 13.3% 1/31/2035
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% As Is Various 50.4% 50.4% 71.2% 8/31/2024          
5.01 Property   1 River Run 1.1% As Is 7/20/2024     95.1% 8/31/2024 NAP NAP NAP NAP NAP
5.02 Property   1 Las Quintas 0.7% As Is 7/25/2024     71.1% 8/31/2024 NAP NAP NAP NAP NAP
5.03 Property   1 Del Pueblo 0.7% As Is 7/25/2024     41.1% 8/31/2024 NAP NAP NAP NAP NAP
5.04 Property   1 River Grove 0.6% As Is 7/29/2024     99.4% 8/31/2024 NAP NAP NAP NAP NAP
5.05 Property   1 Indian Skies 0.6% As Is 7/22/2024     64.6% 8/31/2024 NAP NAP NAP NAP NAP
5.06 Property   1 Quail Run 0.6% As Is 7/19/2024     65.9% 8/31/2024 NAP NAP NAP NAP NAP
5.07 Property   1 Kastaway Key 0.6% As Is 7/29/2024     85.1% 8/31/2024 NAP NAP NAP NAP NAP
5.08 Property   1 Landing Resort 0.5% As Is 7/29/2024     54.4% 8/31/2024 NAP NAP NAP NAP NAP
5.09 Property   1 Ridgecrest 0.5% As Is 7/26/2024     80.2% 8/31/2024 NAP NAP NAP NAP NAP
5.10 Property   1 Olive Hill 0.4% As Is 7/25/2024     98.4% 8/31/2024 NAP NAP NAP NAP NAP
5.11 Property   1 Wildwood Acres 0.4% As Is 7/29/2024     83.2% 8/31/2024 NAP NAP NAP NAP NAP
5.12 Property   1 Orange Grove 0.4% As Is 8/7/2024     42.2% 8/31/2024 NAP NAP NAP NAP NAP
5.13 Property   1 Elmwood 0.3% As Is 7/26/2024     89.2% 8/31/2024 NAP NAP NAP NAP NAP
5.14 Property   1 Seabranch 0.3% As Is 7/29/2024     89.0% 8/31/2024 NAP NAP NAP NAP NAP
5.15 Property   1 Royal Palms 0.3% As Is 7/29/2024     90.6% 8/31/2024 NAP NAP NAP NAP NAP
5.16 Property   1 Sandbar 0.3% As Is 7/29/2024     50.6% 8/31/2024 NAP NAP NAP NAP NAP
5.17 Property   1 San Tan Vista 0.3% As Is 7/22/2024     100.0% 8/31/2024 NAP NAP NAP NAP NAP
5.18 Property   1 Lake Ridge 0.3% As Is 7/26/2024     95.8% 8/31/2024 NAP NAP NAP NAP NAP
5.19 Property   1 Cliftwood 0.3% As Is 7/26/2024     88.6% 8/31/2024 NAP NAP NAP NAP NAP
5.20 Property   1 Zephyr Palms 0.2% As Is 7/29/2024     64.7% 8/31/2024 NAP NAP NAP NAP NAP
5.21 Property   1 Bamboo 0.2% As Is 7/30/2024     89.1% 8/31/2024 NAP NAP NAP NAP NAP
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% As Portfolio 5/13/2024 32.1% 32.1% 71.4% 8/31/2024          
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% As Is 5/13/2024     73.8% 8/31/2024 NAP NAP NAP NAP NAP
6.02 Property   1 Frisco Embassy Suites 0.5% As Is 5/13/2024     69.9% 8/31/2024 NAP NAP NAP NAP NAP
6.03 Property   1 Hilton Long Beach 0.4% As Is 5/13/2024     83.0% 8/31/2024 NAP NAP NAP NAP NAP
6.04 Property   1 San Marcos Embassy Suites 0.4% As Is 5/13/2024     73.3% 8/31/2024 NAP NAP NAP NAP NAP
6.05 Property   1 Loveland Embassy Suites 0.4% As Is 5/13/2024     74.4% 8/31/2024 NAP NAP NAP NAP NAP
6.06 Property   1 Albuquerque Embassy Suites 0.3% As Is 5/13/2024     83.2% 8/31/2024 NAP NAP NAP NAP NAP
6.07 Property   1 Branson Chateau Hotel 0.3% As Is 5/13/2024     59.2% 8/31/2024 NAP NAP NAP NAP NAP
6.08 Property   1 Lincoln Embassy Suites 0.3% As Is 5/13/2024     52.1% 8/31/2024 NAP NAP NAP NAP NAP
6.09 Property   1 Richardson Renaissance 0.3% As Is 5/13/2024     62.4% 8/31/2024 NAP NAP NAP NAP NAP
6.10 Property   1 Charleston Embassy Suites 0.3% As Is 5/13/2024     80.4% 8/31/2024 NAP NAP NAP NAP NAP
6.11 Property   1 Nashville South Embassy Suites 0.3% As Is 5/13/2024     70.1% 8/31/2024 NAP NAP NAP NAP NAP
6.12 Property   1 La Vista Embassy Suites 0.3% As Is 5/13/2024     63.3% 8/31/2024 NAP NAP NAP NAP NAP
6.13 Property   1 St. Charles Embassy Suites 0.2% As Is 5/13/2024     78.9% 8/31/2024 NAP NAP NAP NAP NAP
6.14 Property   1 Hot Springs Embassy Suites 0.2% As Is 5/13/2024     67.3% 8/31/2024 NAP NAP NAP NAP NAP
6.15 Property   1 East Peoria Embassy Suites 0.2% As Is 5/13/2024     74.0% 8/31/2024 NAP NAP NAP NAP NAP
6.16 Property   1 Tucson University Marriott 0.2% As Is 5/13/2024     71.5% 8/31/2024 NAP NAP NAP NAP NAP
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% As Is 5/13/2024     66.2% 8/31/2024 NAP NAP NAP NAP NAP
6.18 Property   1 Normal Marriott Hotel 0.2% As Is 5/13/2024     69.0% 8/31/2024 NAP NAP NAP NAP NAP
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% As Is 5/13/2024     72.9% 8/31/2024 NAP NAP NAP NAP NAP
6.20 Property   1 North Charleston Residence Inn 0.1% As Is 5/13/2024     81.0% 8/31/2024 NAP NAP NAP NAP NAP
6.21 Property   1 Oklahoma City Residence Inn 0.1% As Is 5/13/2024     83.2% 8/31/2024 NAP NAP NAP NAP NAP
6.22 Property   1 La Vista Courtyard by Marriott 0.1% As Is 5/13/2024     59.2% 8/31/2024 NAP NAP NAP NAP NAP
6.23 Property   1 Springfield Residence Inn 0.1% As Is 5/13/2024     79.5% 8/31/2024 NAP NAP NAP NAP NAP
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% As Is 5/13/2024     75.4% 8/31/2024 NAP NAP NAP NAP NAP
7 Loan F 1 Wareham Crossing 6.1% As Is 8/9/2024 66.3% 66.3% 96.6% 9/12/2024 No Lowe's 166,593 31.2% 12/20/2027
8 Loan   1 609 West Randolph Street 4.0% As Is 9/4/2024 60.4% 60.4% 93.5% 9/9/2024 No Fetch Rewards, Inc. 21,339 22.5% 4/30/2036
9 Loan   1 MoCo Portfolio 3.3% As Is 7/25/2024 65.0% 65.0% 78.1% 5/31/2024 No ARTHRITIS AND RHEUMATISM ASSOCIATES, P.C. 19,909 5.2% 1/31/2040
10 Loan 5, 16, 17, G 1 Colony Square 3.1% As Is 5/24/2024 50.4% 50.4% 82.5% 9/9/2024 No Jones Day 115,000 10.6% 11/30/2036
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% As Is 8/22/2024 62.5% 62.5% 88.2% 6/30/2024 No Ainsworth-Noah & Associates 33,390 8.0% 1/31/2027
12 Loan 18 1 4265 San Felipe 2.9% As If Funded Escrow 8/19/2024 64.8% 64.8% 84.0% 9/1/2024 No Keller Williams 20,656 9.8% 7/31/2035
13 Loan   1 Woodscreek Commons 2.6% As Is 9/25/2024 62.1% 62.1% 98.8% 10/14/2024 No Kohl's 88,408 42.1% 1/31/2029
14 Loan   1 390 Wythe Avenue 2.5% As Is 7/11/2024 61.3% 61.3% 98.6% 8/1/2024 NAP NAP NAP NAP NAP
15 Loan 19 1 Miramar Metroplex 2.4% As Is 7/12/2024 47.1% 47.1% 82.3% 9/27/2024 No Quality California LLC 42,318 21.7% 6/30/2028
16 Loan 7 1 Kenhorst Plaza 2.1% As Is 6/11/2024 67.9% 67.9% 94.4% 7/31/2024 No Redner's Market 57,935 35.9% 4/30/2030
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% As If Funded Escrow 9/12/2024 65.6% 65.6% 100.0% 8/1/2024 No Vanderbilt Home Collections 11,950 38.6% 3/1/2035
18 Loan   1 Kent Supreme Self Storage 1.4% As Is 8/19/2024 63.9% 63.9% 89.6% 7/31/2024 NAP NAP NAP NAP NAP
19 Loan   1 HPI Self Storage - Holiday FL 1.1% As Is 8/21/2024 45.6% 45.6% 100.0% 9/9/2024 No NAP NAP NAP NAP
20 Loan   1 LA Fitness - Linden, NJ 1.0% As Is 7/26/2024 55.2% 55.2% 100.0% 11/1/2024 Yes LA Fitness 41,000 100.0% 8/31/2038
21 Loan   1 Springfield Valley Apartments 1.0% As Is 7/31/2024 69.6% 69.6% 91.7% 9/30/2024 NAP NAP NAP NAP NAP
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% As Is 8/23/2024 44.6% 44.6% 92.5% 9/18/2024          
22.01 Property   1 Mendenhall Gardens 0.5% As Is 8/23/2024     91.5% 9/18/2024 NAP NAP NAP NAP NAP
22.02 Property   1 High Point Apartments 0.4% As Is 8/23/2024     93.8% 9/18/2024 NAP NAP NAP NAP NAP
23 Loan   1 180 1st Avenue 0.9% As Is 8/8/2024 65.1% 65.1% 100.0% 9/20/2024 No Hubani Restaurant 1,500 53.6% 3/31/2034
24 Loan J 1 Osprey Cove MHC 0.9% As Is 8/29/2024 56.1% 56.1% 100.0% 8/1/2024 NAP NAP NAP NAP NAP
25 Loan   1 Cityscape Arts 0.9% As Is 6/7/2024 47.6% 47.6% 89.3% 9/9/2024 NAP NAP NAP NAP NAP
26 Loan 23 1 1302 Kings Highway 0.8% As Is 5/8/2024 63.4% 63.4% 100.0% 5/1/2024 No Be Healthy Medical PC 3,200 17.5% 10/31/2028
27 Loan   1 Lake Eustis MHP 0.7% As Is 7/1/2024 58.5% 58.5% 82.3% 8/1/2024 NAP NAP NAP NAP NAP
28 Loan   1 Winchester Self Storage 0.7% As Is 5/15/2024 50.0% 50.0% 82.4% 5/16/2024 No NAP NAP NAP NAP
29 Loan K 1 Carousel Ranch MHC 0.5% As Is 8/23/2024 48.6% 48.6% 80.0% 9/1/2024 NAP NAP NAP NAP NAP
30 Loan 24 1 109-111 Lexington Avenue 0.4% As Is 6/18/2024 69.6% 69.6% 100.0% 10/2/2024 No 111 Lex Liquor Inc 1,800 43.9% 12/31/2034
31 Loan   1 Riverwest Business Park 0.4% As Is 8/16/2024 62.4% 62.4% 95.8% 9/1/2024 No LeafFilter North 7,686 15.0% 2/28/2028
32 Loan L 1 Ponderosa 0.3% As Is 6/11/2024 62.0% 62.0% 88.0% 9/17/2024 NAP NAP NAP NAP NAP
33 Loan M 1 Bo Mar 0.2% As Is 6/11/2024 57.5% 57.5% 100.0% 10/1/2024 NAP NAP NAP NAP NAP

 A-1-6 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Second Largest Tenant(2) Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date(4) Third Largest Tenant(2) Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date(4) Fourth Largest Tenant(2) Fourth Largest Tenant SF Fourth Largest Tenant % of NRA
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% AMC 55,700 9.8% 6/30/2029 UFT 45,008 7.9% 7/31/2044 Raymour & Flanigan 43,000 7.6%
2 Loan 5, B 1 Gateway Center North 9.7% ShopRite 89,774 14.9% 10/31/2034 Burlington Coat Factory 73,864 12.3% 2/28/2030 P.C. Richard & Son 33,593 5.6%
3 Loan 12 1 Metro 3610 9.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 5, 8, C 1 Queens Center 9.4% ZARA 36,463 8.8% 11/30/2033 H&M 19,694 4.8% 1/31/2035 Runway NY 16,053 3.9%
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4%                      
5.01 Property   1 River Run 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.02 Property   1 Las Quintas 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.03 Property   1 Del Pueblo 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.04 Property   1 River Grove 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.05 Property   1 Indian Skies 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.06 Property   1 Quail Run 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.07 Property   1 Kastaway Key 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.08 Property   1 Landing Resort 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.09 Property   1 Ridgecrest 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.10 Property   1 Olive Hill 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.11 Property   1 Wildwood Acres 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.12 Property   1 Orange Grove 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.13 Property   1 Elmwood 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.14 Property   1 Seabranch 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.15 Property   1 Royal Palms 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.16 Property   1 Sandbar 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.17 Property   1 San Tan Vista 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.18 Property   1 Lake Ridge 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.19 Property   1 Cliftwood 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.20 Property   1 Zephyr Palms 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.21 Property   1 Bamboo 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3%                      
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.02 Property   1 Frisco Embassy Suites 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 Hilton Long Beach 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.04 Property   1 San Marcos Embassy Suites 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.05 Property   1 Loveland Embassy Suites 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 Albuquerque Embassy Suites 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.07 Property   1 Branson Chateau Hotel 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.08 Property   1 Lincoln Embassy Suites 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.09 Property   1 Richardson Renaissance 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.10 Property   1 Charleston Embassy Suites 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.11 Property   1 Nashville South Embassy Suites 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.12 Property   1 La Vista Embassy Suites 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.13 Property   1 St. Charles Embassy Suites 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.14 Property   1 Hot Springs Embassy Suites 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.15 Property   1 East Peoria Embassy Suites 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.16 Property   1 Tucson University Marriott 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.18 Property   1 Normal Marriott Hotel 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.20 Property   1 North Charleston Residence Inn 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.21 Property   1 Oklahoma City Residence Inn 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.22 Property   1 La Vista Courtyard by Marriott 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.23 Property   1 Springfield Residence Inn 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan F 1 Wareham Crossing 6.1% JCPenney 82,237 15.4% 7/31/2033 T.J. Maxx 24,660 4.6% 5/31/2025 Michaels 21,204 4.0%
8 Loan   1 609 West Randolph Street 4.0% Brown Legacy Group / BLG Capital Advisors 7,113 7.5% 11/30/2035 Burford Capital, LLC 7,113 7.5% 4/30/2034 NTT DATA Inc. 7,113 7.5%
9 Loan   1 MoCo Portfolio 3.3% History Associates Inc. 10,060 2.6% 7/31/2031 Dealeron, Inc. 9,809 2.6% 2/29/2028 Long and Foster Real Estate, Inc 8,025 2.1%
10 Loan 5, 16, 17, G 1 Colony Square 3.1% WeWork 44,463 4.1% 4/30/2032 SPACES 42,273 3.9% 5/31/2029 WebMD 42,112 3.9%
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% Jerry Pair & Associates, Inc. 19,784 4.7% 12/31/2026 Earnest Gaspard & Associates 15,750 3.8% 6/30/2025 Donohue & Travis, Inc. 14,012 3.3%
12 Loan 18 1 4265 San Felipe 2.9% JWP Operations 19,807 9.4% 10/31/2029 CIT Bank 19,534 9.3% 2/28/2030 Thomas J Henry Law PLLC 19,368 9.2%
13 Loan   1 Woodscreek Commons 2.6% HomeGoods 25,396 12.1% 1/31/2029 Michaels 24,565 11.7% 2/28/2030 Petco 15,275 7.3%
14 Loan   1 390 Wythe Avenue 2.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 19 1 Miramar Metroplex 2.4% Landmark Worldwide LLC, a Delaware LLC 13,874 7.1% 4/30/2027 Casual Dining & Bar Stools 13,408 6.9% 2/28/2026 Koren Metro Flooring 13,408 6.9%
16 Loan 7 1 Kenhorst Plaza 2.1% Retro Fitness 21,440 13.3% 3/16/2027 Dollar Tree 11,251 7.0% 1/31/2034 US Post Office 10,460 6.5%
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% Missy Hair Boutique 10,000 32.3% 8/31/2029 Shake Shack 3,605 11.6% 1/31/2034 PLS Check Cashiers of NY 1,800 5.8%
18 Loan   1 Kent Supreme Self Storage 1.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 HPI Self Storage - Holiday FL 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Springfield Valley Apartments 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9%                      
22.01 Property   1 Mendenhall Gardens 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.02 Property   1 High Point Apartments 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 180 1st Avenue 0.9% Madina Deli 1,200 42.9% 8/31/2032 Araisy Place 100 3.6% 4/30/2034 NAP NAP NAP
24 Loan J 1 Osprey Cove MHC 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Cityscape Arts 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 23 1 1302 Kings Highway 0.8% Big Heart Home Care LLC 3,200 17.5% 5/31/2029 American Dental 3,200 17.5% 6/30/2028 Chucky Designer Shoes LTD 3,100 17.0%
27 Loan   1 Lake Eustis MHP 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Winchester Self Storage 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan K 1 Carousel Ranch MHC 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 24 1 109-111 Lexington Avenue 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Riverwest Business Park 0.4% Austin Pet Care 7,528 14.7% 8/31/2025 North Augusta Martial Arts and Self Defense LLC 6,595 12.8% 6/30/2026 Rehab Medical LLC 6,010 11.7%
32 Loan L 1 Ponderosa 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan M 1 Bo Mar 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-7 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Fourth Largest Tenant Lease Expiration Date(4) Fifth Largest Tenant(2) Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date(4) Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 12/31/2029 NYC - ACS 37,500 6.6% 9/25/2044 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
2 Loan 5, B 1 Gateway Center North 9.7% 1/31/2027 T.J.Maxx 32,960 5.5% 8/31/2029 9/19/2024 NAP 9/11/2024 NAP NAP No Fee
3 Loan 12 1 Metro 3610 9.5% NAP NAP NAP NAP NAP 6/28/2024 NAP 6/26/2024 6/26/2024 10% No Fee
4 Loan 5, 8, C 1 Queens Center 9.4% 1,993 SF expiring 3/31/2025; 14,060 SF expiring 8/31/2025 American Eagle Outfitters 10,268 2.5% 9/30/2032 10/18/2024 NAP 10/18/2024 NAP NAP No Fee/Leasehold
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4%                        
5.01 Property   1 River Run 1.1% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
5.02 Property   1 Las Quintas 0.7% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/29/2024 8/31/2024 5% No Fee
5.03 Property   1 Del Pueblo 0.7% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 8/31/2024 5% No Fee
5.04 Property   1 River Grove 0.6% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP Yes - A Fee
5.05 Property   1 Indian Skies 0.6% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.06 Property   1 Quail Run 0.6% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.07 Property   1 Kastaway Key 0.6% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP Yes - AE Fee
5.08 Property   1 Landing Resort 0.5% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
5.09 Property   1 Ridgecrest 0.5% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
5.10 Property   1 Olive Hill 0.4% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 8/31/2024 4% No Fee
5.11 Property   1 Wildwood Acres 0.4% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
5.12 Property   1 Orange Grove 0.4% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP Yes - AE Fee
5.13 Property   1 Elmwood 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
5.14 Property   1 Seabranch 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/31/2024 NAP NAP No Fee
5.15 Property   1 Royal Palms 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 8/31/2024 4% No Fee
5.16 Property   1 Sandbar 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.17 Property   1 San Tan Vista 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.18 Property   1 Lake Ridge 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.19 Property   1 Cliftwood 0.3% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.20 Property   1 Zephyr Palms 0.2% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP No Fee
5.21 Property   1 Bamboo 0.2% NAP NAP NAP NAP NAP 7/31/2024 NAP 7/27/2024 NAP NAP Yes - AE Fee
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3%                        
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% NAP NAP NAP NAP NAP 5/10/2024 NAP 5/24/2024 NAP NAP No Fee
6.02 Property   1 Frisco Embassy Suites 0.5% NAP NAP NAP NAP NAP 5/24/2024 NAP 5/14/2024 NAP NAP No Fee
6.03 Property   1 Hilton Long Beach 0.4% NAP NAP NAP NAP NAP 5/10/2024 NAP 5/15/2024 5/9/2024 12% No Fee
6.04 Property   1 San Marcos Embassy Suites 0.4% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
6.05 Property   1 Loveland Embassy Suites 0.4% NAP NAP NAP NAP NAP 5/14/2024 NAP 5/14/2024 NAP NAP No Fee and Leasehold
6.06 Property   1 Albuquerque Embassy Suites 0.3% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP No Fee
6.07 Property   1 Branson Chateau Hotel 0.3% NAP NAP NAP NAP NAP 5/14/2024 NAP 5/15/2024 NAP NAP No Fee
6.08 Property   1 Lincoln Embassy Suites 0.3% NAP NAP NAP NAP NAP 5/24/2024 NAP 5/24/2024 NAP NAP No Fee
6.09 Property   1 Richardson Renaissance 0.3% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP No Fee
6.10 Property   1 Charleston Embassy Suites 0.3% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP Yes - AE Fee
6.11 Property   1 Nashville South Embassy Suites 0.3% NAP NAP NAP NAP NAP 5/9/2024 NAP 5/14/2024 NAP NAP No Fee
6.12 Property   1 La Vista Embassy Suites 0.3% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
6.13 Property   1 St. Charles Embassy Suites 0.2% NAP NAP NAP NAP NAP 5/10/2024 NAP 5/13/2024 NAP NAP No Leasehold
6.14 Property   1 Hot Springs Embassy Suites 0.2% NAP NAP NAP NAP NAP 5/10/2024 NAP 5/15/2024 NAP NAP No Fee
6.15 Property   1 East Peoria Embassy Suites 0.2% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP Yes - AE Leasehold
6.16 Property   1 Tucson University Marriott 0.2% NAP NAP NAP NAP NAP 5/10/2024 NAP 5/24/2024 NAP NAP No Leasehold
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% NAP NAP NAP NAP NAP 5/14/2024 NAP 5/15/2024 NAP NAP No Leasehold
6.18 Property   1 Normal Marriott Hotel 0.2% NAP NAP NAP NAP NAP 5/24/2024 NAP 5/24/2024 NAP NAP No Fee
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% NAP NAP NAP NAP NAP 5/24/2024 NAP 5/24/2024 NAP NAP No Fee
6.20 Property   1 North Charleston Residence Inn 0.1% NAP NAP NAP NAP NAP 5/24/2024 NAP 5/15/2024 NAP NAP No Leasehold
6.21 Property   1 Oklahoma City Residence Inn 0.1% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
6.22 Property   1 La Vista Courtyard by Marriott 0.1% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/24/2024 NAP NAP No Fee
6.23 Property   1 Springfield Residence Inn 0.1% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% NAP NAP NAP NAP NAP 5/15/2024 NAP 5/15/2024 NAP NAP No Fee
7 Loan F 1 Wareham Crossing 6.1% 2/28/2027 Staples 20,294 3.8% 10/31/2025 8/5/2024 NAP 8/5/2024 NAP NAP No Fee
8 Loan   1 609 West Randolph Street 4.0% 3/31/2030 Constellation Wealth Capital 7,113 7.5% 3/31/2031 9/23/2024 NAP 9/19/2024 NAP NAP No Fee
9 Loan   1 MoCo Portfolio 3.3% 4/30/2029 The Pediatric Development Center 7,610 2.0% 4/30/2034 7/29/2024 NAP 7/29/2024 NAP NAP No Fee
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 3/31/2028 iPic Theater 38,011 3.5% 12/31/2040 6/5/2024 NAP 6/5/2024 NAP NAP No Fee
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 5/31/2025 Paul + Inc dba Paul + 13,714 3.3% 4/30/2032 8/28/2024 NAP 9/11/2024 NAP NAP Yes - AE Fee
12 Loan 18 1 4265 San Felipe 2.9% 9/30/2027 Woodrock, LLC 11,303 5.4% 10/31/2029 8/28/2024 NAP 8/28/2024 NAP NAP No Fee
13 Loan   1 Woodscreek Commons 2.6% 3/31/2029 Party City 10,920 5.2% 4/15/2032 9/30/2024 NAP 9/30/2024 NAP NAP No Fee
14 Loan   1 390 Wythe Avenue 2.5% NAP NAP NAP NAP NAP 7/24/2024 NAP 7/24/2024 NAP NAP No Fee
15 Loan 19 1 Miramar Metroplex 2.4% 2/29/2028 Barabbas Road Church 13,030 6.7% 12/31/2030 10/9/2024 NAP 10/8/2024 10/7/2024 11% No Fee
16 Loan 7 1 Kenhorst Plaza 2.1% 6/11/2030 CCV Pennsylvania 7,203 4.5% 4/14/2027 9/12/2024 NAP 9/12/2024 NAP NAP No Fee
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% 2/28/2029 MD Alliance Solutions 1,800 5.8% 2/28/2030 8/30/2024 NAP 9/19/2024 NAP NAP No Fee
18 Loan   1 Kent Supreme Self Storage 1.4% NAP NAP NAP NAP NAP 8/26/2024 NAP 8/26/2024 8/23/2024 6% No Fee
19 Loan   1 HPI Self Storage - Holiday FL 1.1% NAP NAP NAP NAP NAP 8/20/2024 NAP 8/20/2024 NAP NAP Yes - AE Fee
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAP NAP NAP NAP NAP 7/23/2024 NAP 7/23/2024 NAP NAP No Fee
21 Loan   1 Springfield Valley Apartments 1.0% NAP NAP NAP NAP NAP 8/8/2024 NAP 8/8/2024 NAP NAP No Fee
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9%                        
22.01 Property   1 Mendenhall Gardens 0.5% NAP NAP NAP NAP NAP 9/5/2024 NAP 9/5/2024 9/5/2024 11% No Fee
22.02 Property   1 High Point Apartments 0.4% NAP NAP NAP NAP NAP 9/5/2024 NAP 9/5/2024 9/5/2024 11% No Fee
23 Loan   1 180 1st Avenue 0.9% NAP NAP NAP NAP NAP 8/21/2024 NAP 8/21/2024 NAP NAP No Fee
24 Loan J 1 Osprey Cove MHC 0.9% NAP NAP NAP NAP NAP 8/28/2024 NAP 8/28/2024 NAP NAP No Fee
25 Loan   1 Cityscape Arts 0.9% NAP NAP NAP NAP NAP 6/14/2024 NAP 6/13/2024 NAP NAP No Fee
26 Loan 23 1 1302 Kings Highway 0.8% 12/31/2029 Kings Highway Vision Center LLC 2,350 12.9% 2/28/2038 4/29/2024 NAP 4/29/2024 NAP NAP No Fee
27 Loan   1 Lake Eustis MHP 0.7% NAP NAP NAP NAP NAP 7/11/2024 NAP 7/12/2024 NAP NAP No Fee
28 Loan   1 Winchester Self Storage 0.7% NAP NAP NAP NAP NAP 5/20/2024 NAP 5/20/2024 NAP NAP No Fee
29 Loan K 1 Carousel Ranch MHC 0.5% NAP NAP NAP NAP NAP 8/30/2024 NAP 8/30/2024 NAP NAP No Fee
30 Loan 24 1 109-111 Lexington Avenue 0.4% NAP NAP NAP NAP NAP 8/8/2024 NAP 8/8/2024 NAP NAP No Fee
31 Loan   1 Riverwest Business Park 0.4% 3/31/2026 Air Conditioning Specialists, Inc. 4,440 8.6% 3/31/2029 8/15/2024 NAP 8/15/2024 NAP NAP No Fee
32 Loan L 1 Ponderosa 0.3% NAP NAP NAP NAP NAP 6/17/2024 NAP 6/14/2024 NAP NAP No Fee
33 Loan M 1 Bo Mar 0.2% NAP NAP NAP NAP NAP 6/17/2024 NAP 6/14/2024 NAP NAP No Fee

 

 A-1-8 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
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 ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% NAP NAP NAP NAP 0 Springing 0 Springing 7,110 7,110
2 Loan 5, B 1 Gateway Center North 9.7% NAP NAP NAP NAP 0 Springing 0 Springing 0 Springing
3 Loan 12 1 Metro 3610 9.5% NAP NAP NAP NAP 100 102,079 0 Springing 0 7,600
4 Loan 5, 8, C 1 Queens Center 9.4% 5/31/2048 None 595,510 Yes 0 Springing 0 Springing 0 Springing
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4%         1,290,508 143,390 271,467 90,489 0 16,707
5.01 Property   1 River Run 1.1% NAP NAP NAP NAP            
5.02 Property   1 Las Quintas 0.7% NAP NAP NAP NAP            
5.03 Property   1 Del Pueblo 0.7% NAP NAP NAP NAP            
5.04 Property   1 River Grove 0.6% NAP NAP NAP NAP            
5.05 Property   1 Indian Skies 0.6% NAP NAP NAP NAP            
5.06 Property   1 Quail Run 0.6% NAP NAP NAP NAP            
5.07 Property   1 Kastaway Key 0.6% NAP NAP NAP NAP            
5.08 Property   1 Landing Resort 0.5% NAP NAP NAP NAP            
5.09 Property   1 Ridgecrest 0.5% NAP NAP NAP NAP            
5.10 Property   1 Olive Hill 0.4% NAP NAP NAP NAP            
5.11 Property   1 Wildwood Acres 0.4% NAP NAP NAP NAP            
5.12 Property   1 Orange Grove 0.4% NAP NAP NAP NAP            
5.13 Property   1 Elmwood 0.3% NAP NAP NAP NAP            
5.14 Property   1 Seabranch 0.3% NAP NAP NAP NAP            
5.15 Property   1 Royal Palms 0.3% NAP NAP NAP NAP            
5.16 Property   1 Sandbar 0.3% NAP NAP NAP NAP            
5.17 Property   1 San Tan Vista 0.3% NAP NAP NAP NAP            
5.18 Property   1 Lake Ridge 0.3% NAP NAP NAP NAP            
5.19 Property   1 Cliftwood 0.3% NAP NAP NAP NAP            
5.20 Property   1 Zephyr Palms 0.2% NAP NAP NAP NAP            
5.21 Property   1 Bamboo 0.2% NAP NAP NAP NAP            
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3%         0 Springing 0 Springing 40,000,000

4% of Gross Income from Operations for the calendar month that is two calendar months prior to the calendar month of the

Payment Date, plus $1,000,000.00 for the payment date on and after November 2026.

6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% NAP NAP NAP NAP            
6.02 Property   1 Frisco Embassy Suites 0.5% NAP NAP NAP NAP            
6.03 Property   1 Hilton Long Beach 0.4% NAP NAP NAP NAP            
6.04 Property   1 San Marcos Embassy Suites 0.4% NAP NAP NAP NAP            
6.05 Property   1 Loveland Embassy Suites 0.4% 4/9/2064 None 1.5% of Adjusted Room Revenue No            
6.06 Property   1 Albuquerque Embassy Suites 0.3% NAP NAP NAP NAP            
6.07 Property   1 Branson Chateau Hotel 0.3% NAP NAP NAP NAP            
6.08 Property   1 Lincoln Embassy Suites 0.3% NAP NAP NAP NAP            
6.09 Property   1 Richardson Renaissance 0.3% NAP NAP NAP NAP            
6.10 Property   1 Charleston Embassy Suites 0.3% NAP NAP NAP NAP            
6.11 Property   1 Nashville South Embassy Suites 0.3% NAP NAP NAP NAP            
6.12 Property   1 La Vista Embassy Suites 0.3% NAP NAP NAP NAP            
6.13 Property   1 St. Charles Embassy Suites 0.2% 4/30/2058 4, 10-year extension options $100.00 plus 0.75% of Adjusted Room Revenue No            
6.14 Property   1 Hot Springs Embassy Suites 0.2% NAP NAP NAP NAP            
6.15 Property   1 East Peoria Embassy Suites 0.2% 9/1/2027 None 180,000 No            
6.16 Property   1 Tucson University Marriott 0.2% 6/30/2094 None 153,782 No            
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% 12/1/2092 None 200,712 Yes            
6.18 Property   1 Normal Marriott Hotel 0.2% NAP NAP NAP NAP            
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% NAP NAP NAP NAP            
6.20 Property   1 North Charleston Residence Inn 0.1% 5/31/2058 None 80,000 No            
6.21 Property   1 Oklahoma City Residence Inn 0.1% NAP NAP NAP NAP            
6.22 Property   1 La Vista Courtyard by Marriott 0.1% NAP NAP NAP NAP            
6.23 Property   1 Springfield Residence Inn 0.1% NAP NAP NAP NAP            
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% NAP NAP NAP NAP            
7 Loan F 1 Wareham Crossing 6.1% NAP NAP NAP NAP 54,583 54,583 0 Springing 0 12,032
8 Loan   1 609 West Randolph Street 4.0% NAP NAP NAP NAP 161,356 53,785 0 Springing 0 1,583
9 Loan   1 MoCo Portfolio 3.3% NAP NAP NAP NAP 87,771 43,886 0 Springing 0 6,352
10 Loan 5, 16, 17, G 1 Colony Square 3.1% NAP NAP NAP NAP 0 375,955 0 Springing 0 19,152
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% NAP NAP NAP NAP 0 Springing 0 Springing 0 0
12 Loan 18 1 4265 San Felipe 2.9% NAP NAP NAP NAP 404,775 42,863 18,476 Springing 3,496 3,496
13 Loan   1 Woodscreek Commons 2.6% NAP NAP NAP NAP 125,023 41,674 0 Springing 0 5,500
14 Loan   1 390 Wythe Avenue 2.5% NAP NAP NAP NAP 694 694 33,105 6,621 55,000 1,438
15 Loan 19 1 Miramar Metroplex 2.4% NAP NAP NAP NAP 45,568 22,784 0 Springing 200,000 3,251
16 Loan 7 1 Kenhorst Plaza 2.1% NAP NAP NAP NAP 174,940 34,988 0 Springing 0 1,991
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% NAP NAP NAP NAP 126,872 14,391 40,251 Springing 387 387
18 Loan   1 Kent Supreme Self Storage 1.4% NAP NAP NAP NAP 14,018 14,018 0 Springing 18,990 Springing
19 Loan   1 HPI Self Storage - Holiday FL 1.1% NAP NAP NAP NAP 207,420 17,285 0 Springing 0 756
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAP NAP NAP NAP 26,624 8,945 0 Springing 0 513
21 Loan   1 Springfield Valley Apartments 1.0% NAP NAP NAP NAP 59,487 12,811 5,317 2,658 27,750 1,250
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9%         13,362 13,362 57,483 Springing 200,000 4,684
22.01 Property   1 Mendenhall Gardens 0.5% NAP NAP NAP NAP            
22.02 Property   1 High Point Apartments 0.4% NAP NAP NAP NAP            
23 Loan   1 180 1st Avenue 0.9% NAP NAP NAP NAP 22,325 11,163 4,266 2,133 0 327
24 Loan J 1 Osprey Cove MHC 0.9% NAP NAP NAP NAP 6,398 6,398 2,198 2,198 0 458
25 Loan   1 Cityscape Arts 0.9% NAP NAP NAP NAP 217,224 24,136 9,646 4,823 0 1,509
26 Loan 23 1 1302 Kings Highway 0.8% NAP NAP NAP NAP 49,053 16,351 1,994 1,994 0 274
27 Loan   1 Lake Eustis MHP 0.7% NAP NAP NAP NAP 48,858 4,072 8,904 2,968 6,000 Springing
28 Loan   1 Winchester Self Storage 0.7% NAP NAP NAP NAP 10,992 1,832 5,628 1,407 0 523
29 Loan K 1 Carousel Ranch MHC 0.5% NAP NAP NAP NAP 0 2,378 0 1,397 0 408
30 Loan 24 1 109-111 Lexington Avenue 0.4% NAP NAP NAP NAP 7,623 3,812 15,086 1,886 0 378
31 Loan   1 Riverwest Business Park 0.4% NAP NAP NAP NAP 28,775 2,213 5,865 2,933 0 642
32 Loan L 1 Ponderosa 0.3% NAP NAP NAP NAP 440 440 7,432 929 0 388
33 Loan M 1 Bo Mar 0.2% NAP NAP NAP NAP 489 489 3,066 438 0 154

 

 A-1-9 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 170,644 1,000,000 Springing 1,000,000 0 0 0 0 1,941,930 0
2 Loan 5, B 1 Gateway Center North 9.7% 143,599 0 Springing 957,344 0 0 0 0 3,084,213 0
3 Loan 12 1 Metro 3610 9.5% 273,600 0 0 0 0 0 0 0 0 0
4 Loan 5, 8, C 1 Queens Center 9.4% 206,017 0 Springing 641,476 0 0 0 0 12,211,534 0
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% 0 0 0 0 0 0 0 51,953 0 Springing
5.01 Property   1 River Run 1.1%                    
5.02 Property   1 Las Quintas 0.7%                    
5.03 Property   1 Del Pueblo 0.7%                    
5.04 Property   1 River Grove 0.6%                    
5.05 Property   1 Indian Skies 0.6%                    
5.06 Property   1 Quail Run 0.6%                    
5.07 Property   1 Kastaway Key 0.6%                    
5.08 Property   1 Landing Resort 0.5%                    
5.09 Property   1 Ridgecrest 0.5%                    
5.10 Property   1 Olive Hill 0.4%                    
5.11 Property   1 Wildwood Acres 0.4%                    
5.12 Property   1 Orange Grove 0.4%                    
5.13 Property   1 Elmwood 0.3%                    
5.14 Property   1 Seabranch 0.3%                    
5.15 Property   1 Royal Palms 0.3%                    
5.16 Property   1 Sandbar 0.3%                    
5.17 Property   1 San Tan Vista 0.3%                    
5.18 Property   1 Lake Ridge 0.3%                    
5.19 Property   1 Cliftwood 0.3%                    
5.20 Property   1 Zephyr Palms 0.2%                    
5.21 Property   1 Bamboo 0.2%                    
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% 0 0 0 0 0 0 0 0 335,875 Springing
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%                    
6.02 Property   1 Frisco Embassy Suites 0.5%                    
6.03 Property   1 Hilton Long Beach 0.4%                    
6.04 Property   1 San Marcos Embassy Suites 0.4%                    
6.05 Property   1 Loveland Embassy Suites 0.4%                    
6.06 Property   1 Albuquerque Embassy Suites 0.3%                    
6.07 Property   1 Branson Chateau Hotel 0.3%                    
6.08 Property   1 Lincoln Embassy Suites 0.3%                    
6.09 Property   1 Richardson Renaissance 0.3%                    
6.10 Property   1 Charleston Embassy Suites 0.3%                    
6.11 Property   1 Nashville South Embassy Suites 0.3%                    
6.12 Property   1 La Vista Embassy Suites 0.3%                    
6.13 Property   1 St. Charles Embassy Suites 0.2%                    
6.14 Property   1 Hot Springs Embassy Suites 0.2%                    
6.15 Property   1 East Peoria Embassy Suites 0.2%                    
6.16 Property   1 Tucson University Marriott 0.2%                    
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%                    
6.18 Property   1 Normal Marriott Hotel 0.2%                    
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%                    
6.20 Property   1 North Charleston Residence Inn 0.1%                    
6.21 Property   1 Oklahoma City Residence Inn 0.1%                    
6.22 Property   1 La Vista Courtyard by Marriott 0.1%                    
6.23 Property   1 Springfield Residence Inn 0.1%                    
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%                    
7 Loan F 1 Wareham Crossing 6.1% 150,000 250,000 38,092 750,000 0 0 0 73,260 0 0
8 Loan   1 609 West Randolph Street 4.0% 60,000 0 13,852 875,000 0 0 0 0 1,427,126 0
9 Loan   1 MoCo Portfolio 3.3% 0 1,000,000 73,045 0 0 0 0 7,750 4,034,855 0
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 0 4,000,000 90,468 0 0 0 0 0 4,930,192 425,000
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 0 0 Springing 314,783 0 0 0 0 347,174 0
12 Loan 18 1 4265 San Felipe 2.9% 0 1,125,000 17,482 0 0 0 0 0 1,050,374 0
13 Loan   1 Woodscreek Commons 2.6% 132,000 0 17,485 629,445 0 0 0 0 0 0
14 Loan   1 390 Wythe Avenue 2.5% 0 0 0 0 0 0 0 0 0 0
15 Loan 19 1 Miramar Metroplex 2.4% 0 500,000 16,253 750,000 0 0 0 35,375 0 0
16 Loan 7 1 Kenhorst Plaza 2.1% 0 0 10,089 358,704 0 0 0 47,813 10,000 0
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% 9,287 3,224 3,224 100,000 0 0 0 0 172,250 0
18 Loan   1 Kent Supreme Self Storage 1.4% 18,990 0 0 0 0 0 0 0 0 0
19 Loan   1 HPI Self Storage - Holiday FL 1.1% 9,076 0 0 0 0 0 0 0 0 0
20 Loan   1 LA Fitness - Linden, NJ 1.0% 12,300 0 3,417 123,000 0 0 0 0 0 0
21 Loan   1 Springfield Valley Apartments 1.0% 0 0 0 0 0 0 0 11,132 6,000 0
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% 0 0 0 0 0 0 0 102,630 0 0
22.01 Property   1 Mendenhall Gardens 0.5%                    
22.02 Property   1 High Point Apartments 0.4%                    
23 Loan   1 180 1st Avenue 0.9% 0 0 0 0 0 0 0 26,250 0 0
24 Loan J 1 Osprey Cove MHC 0.9% 0 0 0 0 0 0 0 0 0 0
25 Loan   1 Cityscape Arts 0.9% 0 0 571 0 0 0 0 0 0 0
26 Loan 23 1 1302 Kings Highway 0.8% 6,570 0 3,802 91,250 0 0 0 1,875 0 0
27 Loan   1 Lake Eustis MHP 0.7% 6,000 0 0 0 0 0 0 37,500 5,000 0
28 Loan   1 Winchester Self Storage 0.7% 6,340 0 0 0 0 0 0 0 0 0
29 Loan K 1 Carousel Ranch MHC 0.5% 0 0 0 0 0 0 0 27,563 0 0
30 Loan 24 1 109-111 Lexington Avenue 0.4% 0 0 150 0 0 0 0 0 0 0
31 Loan   1 Riverwest Business Park 0.4% 0 100,000 2,140 102,740 0 0 0 25,813 0 0
32 Loan L 1 Ponderosa 0.3% 0 0 0 0 0 0 0 14,575 0 0
33 Loan M 1 Bo Mar 0.2% 0 0 0 0 0 0 0 11,000 0 0

 

 A-1-10 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Other Reserve Description Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% Outstanding TI/LC Reserve 0 0 NAP Hard Springing
2 Loan 5, B 1 Gateway Center North 9.7% Landlord Obligation Reserve ($1,353,710), Gap Rent Reserve ($1,730,503) 0 0 NAP Hard Springing
3 Loan 12 1 Metro 3610 9.5% NAP 0 0 NAP Springing Springing
4 Loan 5, 8, C 1 Queens Center 9.4% Outstanding TI/LC Reserve ($11,562,092); Gap Rent Reserve ($649,442) 0 0 NAP Hard Springing
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% DSCR Resizing Escrow 0 0 NAP Springing Springing
5.01 Property   1 River Run 1.1%            
5.02 Property   1 Las Quintas 0.7%            
5.03 Property   1 Del Pueblo 0.7%            
5.04 Property   1 River Grove 0.6%            
5.05 Property   1 Indian Skies 0.6%            
5.06 Property   1 Quail Run 0.6%            
5.07 Property   1 Kastaway Key 0.6%            
5.08 Property   1 Landing Resort 0.5%            
5.09 Property   1 Ridgecrest 0.5%            
5.10 Property   1 Olive Hill 0.4%            
5.11 Property   1 Wildwood Acres 0.4%            
5.12 Property   1 Orange Grove 0.4%            
5.13 Property   1 Elmwood 0.3%            
5.14 Property   1 Seabranch 0.3%            
5.15 Property   1 Royal Palms 0.3%            
5.16 Property   1 Sandbar 0.3%            
5.17 Property   1 San Tan Vista 0.3%            
5.18 Property   1 Lake Ridge 0.3%            
5.19 Property   1 Cliftwood 0.3%            
5.20 Property   1 Zephyr Palms 0.2%            
5.21 Property   1 Bamboo 0.2%            
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% Ground Lease Reserve 335,875 0 NAP Hard Springing
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%            
6.02 Property   1 Frisco Embassy Suites 0.5%            
6.03 Property   1 Hilton Long Beach 0.4%            
6.04 Property   1 San Marcos Embassy Suites 0.4%            
6.05 Property   1 Loveland Embassy Suites 0.4%            
6.06 Property   1 Albuquerque Embassy Suites 0.3%            
6.07 Property   1 Branson Chateau Hotel 0.3%            
6.08 Property   1 Lincoln Embassy Suites 0.3%            
6.09 Property   1 Richardson Renaissance 0.3%            
6.10 Property   1 Charleston Embassy Suites 0.3%            
6.11 Property   1 Nashville South Embassy Suites 0.3%            
6.12 Property   1 La Vista Embassy Suites 0.3%            
6.13 Property   1 St. Charles Embassy Suites 0.2%            
6.14 Property   1 Hot Springs Embassy Suites 0.2%            
6.15 Property   1 East Peoria Embassy Suites 0.2%            
6.16 Property   1 Tucson University Marriott 0.2%            
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%            
6.18 Property   1 Normal Marriott Hotel 0.2%            
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%            
6.20 Property   1 North Charleston Residence Inn 0.1%            
6.21 Property   1 Oklahoma City Residence Inn 0.1%            
6.22 Property   1 La Vista Courtyard by Marriott 0.1%            
6.23 Property   1 Springfield Residence Inn 0.1%            
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%            
7 Loan F 1 Wareham Crossing 6.1% NAP 0 0 NAP Hard Springing
8 Loan   1 609 West Randolph Street 4.0% Free Rent Reserve (Upfront: $964,781); Outstanding TI Reserve ($462,345) 0 0 NAP Hard Springing
9 Loan   1 MoCo Portfolio 3.3% Delinquent Rent Reserve ($15,876.01); Outstanding TI/LC Reserve ($2,515,460.00); Outstanding Free Rent Reserve ($1,239,725.07); Gap Rent Reserve($263,794.00) 0 0 NAP Hard In Place
10 Loan 5, 16, 17, G 1 Colony Square 3.1% Outstanding TI/LC Reserve (Upfront: $3,965,064.68); Additional Rollover Reserve (Monthly: $425,000); Free Rent Reserve (Upfront: $965,127) Additional Rollover Reserve ($5,100,000) 0 NAP Hard Springing
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% Unfunded Obligations Reserve 0 0 NAP Hard Springing
12 Loan 18 1 4265 San Felipe 2.9% Free Rent Reserve 0 0 NAP Hard Springing
13 Loan   1 Woodscreek Commons 2.6% NAP 0 0 NAP Soft Springing
14 Loan   1 390 Wythe Avenue 2.5% NAP 0 0 NAP Springing Springing
15 Loan 19 1 Miramar Metroplex 2.4% NAP 0 0 NAP Hard Springing
16 Loan 7 1 Kenhorst Plaza 2.1% Unfunded Tenant Obligations Reserve 0 0 NAP Hard Springing
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% Free Rent Reserve ($122,249.99); Outstanding TI Reserve ($50,000) 0 0 NAP Hard Springing
18 Loan   1 Kent Supreme Self Storage 1.4% NAP 0 0 NAP Springing Springing
19 Loan   1 HPI Self Storage - Holiday FL 1.1% NAP 0 0 NAP Springing Springing
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAP 0 0 NAP Hard Springing
21 Loan   1 Springfield Valley Apartments 1.0% Environmental Reserve 0 0 NAP Springing Springing
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% NAP 0 NAP NAP Soft Springing
22.01 Property   1 Mendenhall Gardens 0.5%            
22.02 Property   1 High Point Apartments 0.4%            
23 Loan   1 180 1st Avenue 0.9% NAP 0 0 NAP Springing Springing
24 Loan J 1 Osprey Cove MHC 0.9% NAP 0 0 NAP Springing Springing
25 Loan   1 Cityscape Arts 0.9% NAP 0 0 NAP Springing Springing
26 Loan 23 1 1302 Kings Highway 0.8% NAP 0 0 NAP Springing Springing
27 Loan   1 Lake Eustis MHP 0.7% Seawall Open Permit Cure Reserve 0 0 NAP Springing Springing
28 Loan   1 Winchester Self Storage 0.7% NAP 0 0 NAP Springing Springing
29 Loan K 1 Carousel Ranch MHC 0.5% NAP 0 0 NAP Springing Springing
30 Loan 24 1 109-111 Lexington Avenue 0.4% NAP 0 0 NAP Soft Springing
31 Loan   1 Riverwest Business Park 0.4% NAP 0 0 NAP Springing Springing
32 Loan L 1 Ponderosa 0.3% NAP 0 0 NAP Springing Springing
33 Loan M 1 Bo Mar 0.2% NAP 0 0 NAP Springing Springing

 

 A-1-11 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% Yes Yes Yes No 77,000,000 203,000,000 1,051,394.33 1,450,199.07 NAP NAP 280,000,000 1,450,199.07 59.6%
2 Loan 5, B 1 Gateway Center North 9.7% Yes No Yes Yes 77,000,000 223,000,000 1,286,304.78 1,730,454.86 NAP NAP 300,000,000 1,730,454.86 67.7%
3 Loan 12 1 Metro 3610 9.5% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 5, 8, C 1 Queens Center 9.4% Yes No Yes No 75,000,000 450,000,000 2,041,718.75 2,382,005.21 NAP NAP 525,000,000 2,382,005.21 49.5%
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% Yes No Yes Yes 75,000,000 50,000,000 240,249.42 600,623.55 NAP NAP 125,000,000 600,623.55 50.4%
5.01 Property   1 River Run 1.1%                          
5.02 Property   1 Las Quintas 0.7%                          
5.03 Property   1 Del Pueblo 0.7%                          
5.04 Property   1 River Grove 0.6%                          
5.05 Property   1 Indian Skies 0.6%                          
5.06 Property   1 Quail Run 0.6%                          
5.07 Property   1 Kastaway Key 0.6%                          
5.08 Property   1 Landing Resort 0.5%                          
5.09 Property   1 Ridgecrest 0.5%                          
5.10 Property   1 Olive Hill 0.4%                          
5.11 Property   1 Wildwood Acres 0.4%                          
5.12 Property   1 Orange Grove 0.4%                          
5.13 Property   1 Elmwood 0.3%                          
5.14 Property   1 Seabranch 0.3%                          
5.15 Property   1 Royal Palms 0.3%                          
5.16 Property   1 Sandbar 0.3%                          
5.17 Property   1 San Tan Vista 0.3%                          
5.18 Property   1 Lake Ridge 0.3%                          
5.19 Property   1 Cliftwood 0.3%                          
5.20 Property   1 Zephyr Palms 0.2%                          
5.21 Property   1 Bamboo 0.2%                          
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% Yes No Yes No 50,000,000 414,800,000 1,938,970.20 2,172,693.71 520,200,000 8.97785% 985,000,000 6,118,644.03 68.0%
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%                          
6.02 Property   1 Frisco Embassy Suites 0.5%                          
6.03 Property   1 Hilton Long Beach 0.4%                          
6.04 Property   1 San Marcos Embassy Suites 0.4%                          
6.05 Property   1 Loveland Embassy Suites 0.4%                          
6.06 Property   1 Albuquerque Embassy Suites 0.3%                          
6.07 Property   1 Branson Chateau Hotel 0.3%                          
6.08 Property   1 Lincoln Embassy Suites 0.3%                          
6.09 Property   1 Richardson Renaissance 0.3%                          
6.10 Property   1 Charleston Embassy Suites 0.3%                          
6.11 Property   1 Nashville South Embassy Suites 0.3%                          
6.12 Property   1 La Vista Embassy Suites 0.3%                          
6.13 Property   1 St. Charles Embassy Suites 0.2%                          
6.14 Property   1 Hot Springs Embassy Suites 0.2%                          
6.15 Property   1 East Peoria Embassy Suites 0.2%                          
6.16 Property   1 Tucson University Marriott 0.2%                          
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%                          
6.18 Property   1 Normal Marriott Hotel 0.2%                          
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%                          
6.20 Property   1 North Charleston Residence Inn 0.1%                          
6.21 Property   1 Oklahoma City Residence Inn 0.1%                          
6.22 Property   1 La Vista Courtyard by Marriott 0.1%                          
6.23 Property   1 Springfield Residence Inn 0.1%                          
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%                          
7 Loan F 1 Wareham Crossing 6.1% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan   1 609 West Randolph Street 4.0% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 MoCo Portfolio 3.3% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 5, 16, 17, G 1 Colony Square 3.1% Yes No Yes No 25,000,000 235,000,000 1,464,330.15 1,620,109.95 NAP NAP 260,000,000 1,620,109.95 50.4%
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% Yes No Yes No 24,000,000 36,000,000 198,316.67 330,527.78 NAP NAP 60,000,000 330,527.78 62.5%
12 Loan 18 1 4265 San Felipe 2.9% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan   1 Woodscreek Commons 2.6% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 390 Wythe Avenue 2.5% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 19 1 Miramar Metroplex 2.4% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 7 1 Kenhorst Plaza 2.1% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan   1 Kent Supreme Self Storage 1.4% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 HPI Self Storage - Holiday FL 1.1% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 LA Fitness - Linden, NJ 1.0% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Springfield Valley Apartments 1.0% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.01 Property   1 Mendenhall Gardens 0.5%                          
22.02 Property   1 High Point Apartments 0.4%                          
23 Loan   1 180 1st Avenue 0.9% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan J 1 Osprey Cove MHC 0.9% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Cityscape Arts 0.9% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 23 1 1302 Kings Highway 0.8% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 Lake Eustis MHP 0.7% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Winchester Self Storage 0.7% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan K 1 Carousel Ranch MHC 0.5% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 24 1 109-111 Lexington Avenue 0.4% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Riverwest Business Park 0.4% Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan L 1 Ponderosa 0.3% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan M 1 Bo Mar 0.2% Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-12 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% 1.54 10.0% NAP NAP NAP NAP NAP NAP NAP Yes Mezzanine
2 Loan 5, B 1 Gateway Center North 9.7% 1.2 8.5% NAP NAP NAP NAP NAP NAP NAP No NAP
3 Loan 12 1 Metro 3610 9.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
4 Loan 5, 8, C 1 Queens Center 9.4% 1.84 10.2% NAP NAP NAP NAP NAP NAP NAP No NAP
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% 1.58 9.3% NAP NAP NAP NAP NAP NAP NAP No NAP
5.01 Property   1 River Run 1.1%                      
5.02 Property   1 Las Quintas 0.7%                      
5.03 Property   1 Del Pueblo 0.7%                      
5.04 Property   1 River Grove 0.6%                      
5.05 Property   1 Indian Skies 0.6%                      
5.06 Property   1 Quail Run 0.6%                      
5.07 Property   1 Kastaway Key 0.6%                      
5.08 Property   1 Landing Resort 0.5%                      
5.09 Property   1 Ridgecrest 0.5%                      
5.10 Property   1 Olive Hill 0.4%                      
5.11 Property   1 Wildwood Acres 0.4%                      
5.12 Property   1 Orange Grove 0.4%                      
5.13 Property   1 Elmwood 0.3%                      
5.14 Property   1 Seabranch 0.3%                      
5.15 Property   1 Royal Palms 0.3%                      
5.16 Property   1 Sandbar 0.3%                      
5.17 Property   1 San Tan Vista 0.3%                      
5.18 Property   1 Lake Ridge 0.3%                      
5.19 Property   1 Cliftwood 0.3%                      
5.20 Property   1 Zephyr Palms 0.2%                      
5.21 Property   1 Bamboo 0.2%                      
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% 1.48 12.6% NAP NAP NAP NAP NAP NAP NAP No NAP
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%                      
6.02 Property   1 Frisco Embassy Suites 0.5%                      
6.03 Property   1 Hilton Long Beach 0.4%                      
6.04 Property   1 San Marcos Embassy Suites 0.4%                      
6.05 Property   1 Loveland Embassy Suites 0.4%                      
6.06 Property   1 Albuquerque Embassy Suites 0.3%                      
6.07 Property   1 Branson Chateau Hotel 0.3%                      
6.08 Property   1 Lincoln Embassy Suites 0.3%                      
6.09 Property   1 Richardson Renaissance 0.3%                      
6.10 Property   1 Charleston Embassy Suites 0.3%                      
6.11 Property   1 Nashville South Embassy Suites 0.3%                      
6.12 Property   1 La Vista Embassy Suites 0.3%                      
6.13 Property   1 St. Charles Embassy Suites 0.2%                      
6.14 Property   1 Hot Springs Embassy Suites 0.2%                      
6.15 Property   1 East Peoria Embassy Suites 0.2%                      
6.16 Property   1 Tucson University Marriott 0.2%                      
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%                      
6.18 Property   1 Normal Marriott Hotel 0.2%                      
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%                      
6.20 Property   1 North Charleston Residence Inn 0.1%                      
6.21 Property   1 Oklahoma City Residence Inn 0.1%                      
6.22 Property   1 La Vista Courtyard by Marriott 0.1%                      
6.23 Property   1 Springfield Residence Inn 0.1%                      
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%                      
7 Loan F 1 Wareham Crossing 6.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
8 Loan   1 609 West Randolph Street 4.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
9 Loan   1 MoCo Portfolio 3.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
10 Loan 5, 16, 17, G 1 Colony Square 3.1% 1.51 11.8% NAP NAP NAP NAP NAP NAP NAP Yes Preferred Equity
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% 1.97 14.2% NAP NAP NAP NAP NAP NAP NAP Yes Mezzanine
12 Loan 18 1 4265 San Felipe 2.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
13 Loan   1 Woodscreek Commons 2.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
14 Loan   1 390 Wythe Avenue 2.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
15 Loan 19 1 Miramar Metroplex 2.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
16 Loan 7 1 Kenhorst Plaza 2.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
18 Loan   1 Kent Supreme Self Storage 1.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
19 Loan   1 HPI Self Storage - Holiday FL 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
21 Loan   1 Springfield Valley Apartments 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
22.01 Property   1 Mendenhall Gardens 0.5%                      
22.02 Property   1 High Point Apartments 0.4%                      
23 Loan   1 180 1st Avenue 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
24 Loan J 1 Osprey Cove MHC 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
25 Loan   1 Cityscape Arts 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
26 Loan 23 1 1302 Kings Highway 0.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
27 Loan   1 Lake Eustis MHP 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
28 Loan   1 Winchester Self Storage 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
29 Loan K 1 Carousel Ranch MHC 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
30 Loan 24 1 109-111 Lexington Avenue 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
31 Loan   1 Riverwest Business Park 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
32 Loan L 1 Ponderosa 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
33 Loan M 1 Bo Mar 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP

 

 A-1-13 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Sponsor Non-Recourse Carveout Guarantor
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% Prestige Properties & Development Sami Shalem and Irving Pergament
2 Loan 5, B 1 Gateway Center North 9.7% The Related Companies, L.P. The Related Companies, L.P.
3 Loan 12 1 Metro 3610 9.5% Silver Star Real Estate Harshad Dharod
4 Loan 5, 8, C 1 Queens Center 9.4% The Macerich Partnership, L.P. The Macerich Partnership, L.P.
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% Cobblestone Real Estate LLC Cobblestone MHC Fund II LP
5.01 Property   1 River Run 1.1%    
5.02 Property   1 Las Quintas 0.7%    
5.03 Property   1 Del Pueblo 0.7%    
5.04 Property   1 River Grove 0.6%    
5.05 Property   1 Indian Skies 0.6%    
5.06 Property   1 Quail Run 0.6%    
5.07 Property   1 Kastaway Key 0.6%    
5.08 Property   1 Landing Resort 0.5%    
5.09 Property   1 Ridgecrest 0.5%    
5.10 Property   1 Olive Hill 0.4%    
5.11 Property   1 Wildwood Acres 0.4%    
5.12 Property   1 Orange Grove 0.4%    
5.13 Property   1 Elmwood 0.3%    
5.14 Property   1 Seabranch 0.3%    
5.15 Property   1 Royal Palms 0.3%    
5.16 Property   1 Sandbar 0.3%    
5.17 Property   1 San Tan Vista 0.3%    
5.18 Property   1 Lake Ridge 0.3%    
5.19 Property   1 Cliftwood 0.3%    
5.20 Property   1 Zephyr Palms 0.2%    
5.21 Property   1 Bamboo 0.2%    
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% Atrium Holding Company Skylight Property Holdings I LLC
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%    
6.02 Property   1 Frisco Embassy Suites 0.5%    
6.03 Property   1 Hilton Long Beach 0.4%    
6.04 Property   1 San Marcos Embassy Suites 0.4%    
6.05 Property   1 Loveland Embassy Suites 0.4%    
6.06 Property   1 Albuquerque Embassy Suites 0.3%    
6.07 Property   1 Branson Chateau Hotel 0.3%    
6.08 Property   1 Lincoln Embassy Suites 0.3%    
6.09 Property   1 Richardson Renaissance 0.3%    
6.10 Property   1 Charleston Embassy Suites 0.3%    
6.11 Property   1 Nashville South Embassy Suites 0.3%    
6.12 Property   1 La Vista Embassy Suites 0.3%    
6.13 Property   1 St. Charles Embassy Suites 0.2%    
6.14 Property   1 Hot Springs Embassy Suites 0.2%    
6.15 Property   1 East Peoria Embassy Suites 0.2%    
6.16 Property   1 Tucson University Marriott 0.2%    
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%    
6.18 Property   1 Normal Marriott Hotel 0.2%    
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%    
6.20 Property   1 North Charleston Residence Inn 0.1%    
6.21 Property   1 Oklahoma City Residence Inn 0.1%    
6.22 Property   1 La Vista Courtyard by Marriott 0.1%    
6.23 Property   1 Springfield Residence Inn 0.1%    
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%    
7 Loan F 1 Wareham Crossing 6.1% WS Development and Ares SDM Holdings LLC
8 Loan   1 609 West Randolph Street 4.0% Vista Property Catal Holdings LLC
9 Loan   1 MoCo Portfolio 3.3% Douglas J. Donatelli and Nicholas R. Smith Douglas J. Donatelli and Nicholas R. Smith
10 Loan 5, 16, 17, G 1 Colony Square 3.1% North American Ventures LLC and Lionstone U.S. Value-Add Four, L.P. North American Ventures LLC and Lionstone U.S. Value-Add Four, L.P.
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% BREP VIII and BTO Fund Blackstone IMC Holdings – Q L.L.C.
12 Loan 18 1 4265 San Felipe 2.9% DML Capital Saleem Lakhani, Sajjid Dawood and Aslam Mohammed
13 Loan   1 Woodscreek Commons 2.6% Bridge33 Real Estate Partners LP Bridge33 Real Estate Partners LP
14 Loan   1 390 Wythe Avenue 2.5% Elizabeth Pompa, an individual, and, during such time as he is a trustee of the Elizabeth Pompa Trust, Curtis A. Granet, in his capacity as trustee of the Elizabeth Pompa Trust The Elizabeth Pompa Residuary Trust
15 Loan 19 1 Miramar Metroplex 2.4% Omninet Capital Neil Kadisha and Benjamin Nazarian
16 Loan 7 1 Kenhorst Plaza 2.1% Paul Sub Paul Sub
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% Rockfeld Group Steven Feldman, Gary Feldman and Irving Feldman
18 Loan   1 Kent Supreme Self Storage 1.4% Joseph D. Strobele Joseph D. Strobele
19 Loan   1 HPI Self Storage - Holiday FL 1.1% HPI Real Estate Services & Investments Jon Erickson
20 Loan   1 LA Fitness - Linden, NJ 1.0% Kyle N. Lawrence

Kyle N. Lawrence, Patrick C. Lawrence, Kyle N. Lawrence, as Trustee of Patrick C. Lawrence 2017 Dynasty Trust and Patrick C.

Lawrence, as Trustee of Kyle N. Lawrence 2017 Dynasty Trust

21 Loan   1 Springfield Valley Apartments 1.0% Erin Hoffman Richard Schontz, Lawrence Charles Kaplan, George Thacker and Peter J. Veltri
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% Amin Zaki  Amin Zaki 
22.01 Property   1 Mendenhall Gardens 0.5%    
22.02 Property   1 High Point Apartments 0.4%    
23 Loan   1 180 1st Avenue 0.9% Moshe Khoshkheraman Moshe Khoshkheraman
24 Loan J 1 Osprey Cove MHC 0.9% George Branton George Branton
25 Loan   1 Cityscape Arts 0.9% Timothy J. Uselton, Jana K. Uselton, Sheila Renee Green Fejeran, John Jay Kinder, Laurel R. Wexner and The  Laurel R. Wexner Trust, dated January 6, 1999

Timothy J. Uselton, Jana K. Uselton, Sheila Renee Green Fejeran, John Jay Kinder, Laurel R. Wexner and The  Laurel R.

Wexner Trust, dated January 6, 1999

26 Loan 23 1 1302 Kings Highway 0.8% Arthur Vayner, Leonid Vayner and Dmitry Vayner Arthur Vayner, Leonid Vayner and Dmitry Vayner
 
27 Loan   1 Lake Eustis MHP 0.7% Paradise Communities Charles A. Ellis III
28 Loan   1 Winchester Self Storage 0.7% Scott Rosenfeld and Adalbert Von Gontard, III Scott Rosenfeld and Adalbert Von Gontard, III
29 Loan K 1 Carousel Ranch MHC 0.5% Comfort Communities Blake Comfort and Jennifer Purcell
30 Loan 24 1 109-111 Lexington Avenue 0.4% Navnit Kumar Navnit Kumar
31 Loan   1 Riverwest Business Park 0.4% Robert Fortunoff, Scott Fortunoff, Gregory Fortunoff and Jill Gerstenblatt Lawrence Charles Kaplan and George Thacker
32 Loan L 1 Ponderosa 0.3% The Churchlight Communities (TCC) Jay Yang and Michael Mirski
33 Loan M 1 Bo Mar 0.2% The Churchlight Communities (TCC) Jay Yang and Michael Mirski

 

 A-1-14 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Delaware Statutory Trust
(Y/N)
Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($)
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% No No Refinance   280,000,000 0 0 0 280,000,000 265,439,060 0 1,456,753 2,949,040 10,155,147 0 280,000,000
2 Loan 5, B 1 Gateway Center North 9.7% No No Refinance   300,000,000 6,527,983 0 0 306,527,983 301,105,790 0 2,337,979 3,084,213 0 0 306,527,983
3 Loan 12 1 Metro 3610 9.5% No No Refinance   75,500,000 8,459,489 0 0 83,959,489 79,602,606 0 4,356,784 100 0 0 83,959,489
4 Loan 5, 8, C 1 Queens Center 9.4% No No Refinance   525,000,000 91,238,851 0 0 616,238,851 601,802,949 0 2,224,368 12,211,534 0 0 616,238,851
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% No No Refinance   125,000,000 0 0 0 125,000,000 113,707,753 0 4,506,390 1,613,928 5,171,930 0 125,000,000
5.01 Property   1 River Run 1.1%                                
5.02 Property   1 Las Quintas 0.7%                                
5.03 Property   1 Del Pueblo 0.7%                                
5.04 Property   1 River Grove 0.6%                                
5.05 Property   1 Indian Skies 0.6%                                
5.06 Property   1 Quail Run 0.6%                                
5.07 Property   1 Kastaway Key 0.6%                                
5.08 Property   1 Landing Resort 0.5%                                
5.09 Property   1 Ridgecrest 0.5%                                
5.10 Property   1 Olive Hill 0.4%                                
5.11 Property   1 Wildwood Acres 0.4%                                
5.12 Property   1 Orange Grove 0.4%                                
5.13 Property   1 Elmwood 0.3%                                
5.14 Property   1 Seabranch 0.3%                                
5.15 Property   1 Royal Palms 0.3%                                
5.16 Property   1 Sandbar 0.3%                                
5.17 Property   1 San Tan Vista 0.3%                                
5.18 Property   1 Lake Ridge 0.3%                                
5.19 Property   1 Cliftwood 0.3%                                
5.20 Property   1 Zephyr Palms 0.2%                                
5.21 Property   1 Bamboo 0.2%                                
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3% No No Refinance   464,800,000 0 520,200,000 0 985,000,000 755,023,067 0 60,493,109 40,335,875 129,147,949 0 985,000,000
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%                                
6.02 Property   1 Frisco Embassy Suites 0.5%                                
6.03 Property   1 Hilton Long Beach 0.4%                                
6.04 Property   1 San Marcos Embassy Suites 0.4%                                
6.05 Property   1 Loveland Embassy Suites 0.4%                                
6.06 Property   1 Albuquerque Embassy Suites 0.3%                                
6.07 Property   1 Branson Chateau Hotel 0.3%                                
6.08 Property   1 Lincoln Embassy Suites 0.3%                                
6.09 Property   1 Richardson Renaissance 0.3%                                
6.10 Property   1 Charleston Embassy Suites 0.3%                                
6.11 Property   1 Nashville South Embassy Suites 0.3%                                
6.12 Property   1 La Vista Embassy Suites 0.3%                                
6.13 Property   1 St. Charles Embassy Suites 0.2%                                
6.14 Property   1 Hot Springs Embassy Suites 0.2%                                
6.15 Property   1 East Peoria Embassy Suites 0.2%                                
6.16 Property   1 Tucson University Marriott 0.2%                                
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%                                
6.18 Property   1 Normal Marriott Hotel 0.2%                                
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%                                
6.20 Property   1 North Charleston Residence Inn 0.1%                                
6.21 Property   1 Oklahoma City Residence Inn 0.1%                                
6.22 Property   1 La Vista Courtyard by Marriott 0.1%                                
6.23 Property   1 Springfield Residence Inn 0.1%                                
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%                                
7 Loan F 1 Wareham Crossing 6.1% No No Acquisition   48,600,000 26,460,027 0 0 75,060,027 0 72,000,000 2,682,184 377,843 0 0 75,060,027
8 Loan   1 609 West Randolph Street 4.0% No No Refinance   32,000,000 514,400 0 0 32,514,400 30,589,474 0 336,444 1,588,482 0 0 32,514,400
9 Loan   1 MoCo Portfolio 3.3% No No Refinance   26,000,000 5,386,562 0 0 31,386,562 25,301,923 0 954,263 5,130,376 0 0 31,386,562
10 Loan 5, 16, 17, G 1 Colony Square 3.1% No No Refinance   260,000,000 37,832,154 0 0 297,832,154 281,760,456 0 7,141,506 8,930,192 0 0 297,832,154
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% No No Refinance   60,000,000 0 0 0 60,000,000 33,961,532 0 2,041,058 347,174 23,650,236 0 60,000,000
12 Loan 18 1 4265 San Felipe 2.9% No No Acquisition   23,400,000 16,914,655 0 0 40,314,655 0 36,000,000 1,712,533 2,602,121 0 0 40,314,655
13 Loan   1 Woodscreek Commons 2.6% No No Refinance   20,500,000 0 0 0 20,500,000 12,370,950 0 292,630 125,023 7,711,397 0 20,500,000
14 Loan   1 390 Wythe Avenue 2.5% No No Refinance   20,000,000 8,952,534 0 0 28,952,534 28,336,658 0 527,076 88,799 0 0 28,952,534
15 Loan 19 1 Miramar Metroplex 2.4% No No Refinance   18,950,000 0 0 0 18,950,000 13,980,652 0 322,456 780,943 3,865,948 0 18,950,000
16 Loan 7 1 Kenhorst Plaza 2.1% No No Refinance                          
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% No No Refinance                          
18 Loan   1 Kent Supreme Self Storage 1.4% No No Refinance                          
19 Loan   1 HPI Self Storage - Holiday FL 1.1% No No Refinance                          
20 Loan   1 LA Fitness - Linden, NJ 1.0% No Yes Acquisition                          
21 Loan   1 Springfield Valley Apartments 1.0% No No Acquisition                          
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% No No Refinance                          
22.01 Property   1 Mendenhall Gardens 0.5%                                
22.02 Property   1 High Point Apartments 0.4%                                
23 Loan   1 180 1st Avenue 0.9% No No Refinance                          
24 Loan J 1 Osprey Cove MHC 0.9% No No Acquisition                          
25 Loan   1 Cityscape Arts 0.9% No Yes Acquisition                          
26 Loan 23 1 1302 Kings Highway 0.8% No No Refinance                          
27 Loan   1 Lake Eustis MHP 0.7% No No Acquisition                          
28 Loan   1 Winchester Self Storage 0.7% No No Refinance                          
29 Loan K 1 Carousel Ranch MHC 0.5% No No Refinance                          
30 Loan 24 1 109-111 Lexington Avenue 0.4% No No Refinance                          
31 Loan   1 Riverwest Business Park 0.4% No No Acquisition                          
32 Loan L 1 Ponderosa 0.3% No No Refinance                          
33 Loan M 1 Bo Mar 0.2% No No Refinance                          

 

 A-1-15 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%) Coop - Committed Secondary Debt
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
2 Loan 5, B 1 Gateway Center North 9.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
3 Loan 12 1 Metro 3610 9.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
4 Loan 5, 8, C 1 Queens Center 9.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.01 Property   1 River Run 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.02 Property   1 Las Quintas 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.03 Property   1 Del Pueblo 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.04 Property   1 River Grove 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.05 Property   1 Indian Skies 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.06 Property   1 Quail Run 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.07 Property   1 Kastaway Key 0.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.08 Property   1 Landing Resort 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.09 Property   1 Ridgecrest 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.10 Property   1 Olive Hill 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.11 Property   1 Wildwood Acres 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.12 Property   1 Orange Grove 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.13 Property   1 Elmwood 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.14 Property   1 Seabranch 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.15 Property   1 Royal Palms 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.16 Property   1 Sandbar 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.17 Property   1 San Tan Vista 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.18 Property   1 Lake Ridge 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.19 Property   1 Cliftwood 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.20 Property   1 Zephyr Palms 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
5.21 Property   1 Bamboo 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3%   161.80 116.28 71.9% 161.81 115.55 71.4% 159.32 111.93 70.3% 153.98 101.83 66.1%   
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6% 5/31/2038 179.23 132.35 73.8% 179.23 132.35 73.8% 173.61 121.68 70.1% 163.69 107.60 65.7%   
6.02 Property   1 Frisco Embassy Suites 0.5% 5/31/2038 161.99 113.17 69.9% 161.99 113.17 69.9% 162.17 110.50 68.1% 154.52 94.54 61.2%   
6.03 Property   1 Hilton Long Beach 0.4% 1/31/2035 206.80 171.61 83.0% 206.80 171.61 83.0% 201.79 167.70 83.1% 181.39 144.39 79.6%   
6.04 Property   1 San Marcos Embassy Suites 0.4% 5/31/2038 160.72 117.73 73.3% 160.72 117.73 73.3% 154.21 113.37 73.5% 151.66 102.69 67.7%   
6.05 Property   1 Loveland Embassy Suites 0.4% 5/31/2038 167.38 124.48 74.4% 167.38 124.48 74.4% 165.34 117.04 70.8% 159.75 104.33 65.3%   
6.06 Property   1 Albuquerque Embassy Suites 0.3% 5/31/2038 166.50 138.60 83.2% 166.50 138.60 83.2% 162.30 116.41 71.7% 151.84 120.17 79.1%   
6.07 Property   1 Branson Chateau Hotel 0.3% NAP 181.52 107.40 59.2% 181.52 107.40 59.2% 181.46 105.66 58.2% 187.16 101.25 54.1%   
6.08 Property   1 Lincoln Embassy Suites 0.3% 5/31/2038 169.67 107.10 63.1% 171.70 89.48 52.1% 169.67 107.10 63.1% 166.36 101.46 61.0%   
6.09 Property   1 Richardson Renaissance 0.3% 5/17/2038 156.07 97.35 62.4% 156.07 97.35 62.4% 150.03 91.73 61.1% 140.18 70.36 50.2%   
6.10 Property   1 Charleston Embassy Suites 0.3% 11/30/2032 159.25 128.00 80.4% 159.25 128.00 80.4% 155.79 117.88 75.7% 157.30 110.32 70.1%   
6.11 Property   1 Nashville South Embassy Suites 0.3% 5/31/2038 165.08 115.72 70.1% 165.08 115.72 70.1% 160.68 118.30 73.6% 156.34 107.90 69.0%   
6.12 Property   1 La Vista Embassy Suites 0.3% 5/31/2038 160.38 101.52 63.3% 160.38 101.52 63.3% 161.52 95.90 59.4% 158.74 88.64 55.8%   
6.13 Property   1 St. Charles Embassy Suites 0.2% 5/31/2038 162.43 128.24 78.9% 162.43 128.24 78.9% 161.00 126.52 78.6% 155.58 116.99 75.2%   
6.14 Property   1 Hot Springs Embassy Suites 0.2% 5/31/2038 162.93 109.67 67.3% 162.93 109.67 67.3% 163.33 109.60 67.1% 159.46 100.71 63.2%   
6.15 Property   1 East Peoria Embassy Suites 0.2% 5/31/2038 161.05 119.18 74.0% 161.05 119.18 74.0% 159.36 119.69 75.1% 152.40 103.85 68.1%   
6.16 Property   1 Tucson University Marriott 0.2% 3/1/2038 170.48 121.82 71.5% 170.48 121.82 71.5% 169.91 122.43 72.1% 157.06 112.14 71.4%   
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2% 12/31/2038 153.60 101.62 66.2% 153.60 101.62 66.2% 157.40 98.30 62.4% 165.02 92.42 56.0%   
6.18 Property   1 Normal Marriott Hotel 0.2% 5/17/2038 141.30 97.46 69.0% 141.30 97.46 69.0% 142.68 97.50 68.3% 145.82 91.43 62.7%   
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1% 5/17/2033 131.88 96.16 72.9% 131.88 96.16 72.9% 125.07 90.54 72.4% 127.31 83.00 65.2%   
6.20 Property   1 North Charleston Residence Inn 0.1% 5/17/2033 149.04 120.76 81.0% 149.04 120.76 81.0% 148.70 114.14 76.8% 141.53 119.72 84.6%   
6.21 Property   1 Oklahoma City Residence Inn 0.1% 5/17/2033 135.55 112.79 83.2% 135.55 112.79 83.2% 129.14 110.87 85.8% 134.93 99.15 73.5%   
6.22 Property   1 La Vista Courtyard by Marriott 0.1% 5/17/2033 128.54 76.12 59.2% 128.54 76.12 59.2% 127.76 70.42 55.1% 120.59 66.30 55.0%   
6.23 Property   1 Springfield Residence Inn 0.1% 5/17/2033 133.78 106.32 79.5% 133.78 106.32 79.5% 133.28 105.91 79.5% 129.19 91.29 72.3%   
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1% 5/17/2033 113.50 85.54 75.4% 113.50 85.54 75.4% 110.56 84.72 76.6% 106.85 89.92 77.6%   
7 Loan F 1 Wareham Crossing 6.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
8 Loan   1 609 West Randolph Street 4.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
9 Loan   1 MoCo Portfolio 3.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
10 Loan 5, 16, 17, G 1 Colony Square 3.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
12 Loan 18 1 4265 San Felipe 2.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
13 Loan   1 Woodscreek Commons 2.6% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
14 Loan   1 390 Wythe Avenue 2.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
15 Loan 19 1 Miramar Metroplex 2.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
16 Loan 7 1 Kenhorst Plaza 2.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
18 Loan   1 Kent Supreme Self Storage 1.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
19 Loan   1 HPI Self Storage - Holiday FL 1.1% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
20 Loan   1 LA Fitness - Linden, NJ 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
21 Loan   1 Springfield Valley Apartments 1.0% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
22.01 Property   1 Mendenhall Gardens 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
22.02 Property   1 High Point Apartments 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
23 Loan   1 180 1st Avenue 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
24 Loan J 1 Osprey Cove MHC 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
25 Loan   1 Cityscape Arts 0.9% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
26 Loan 23 1 1302 Kings Highway 0.8% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
27 Loan   1 Lake Eustis MHP 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
28 Loan   1 Winchester Self Storage 0.7% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
29 Loan K 1 Carousel Ranch MHC 0.5% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
30 Loan 24 1 109-111 Lexington Avenue 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
31 Loan   1 Riverwest Business Park 0.4% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
32 Loan L 1 Ponderosa 0.3% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   
33 Loan M 1 Bo Mar 0.2% NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP   

 

 A-1-16 

 

BANK5 2024-5YR11

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

Loan ID Number Property
Flag 
Footnotes (for Loan and Property Information) # of Properties Property Name  % of Initial
Pool Balance 
Coop - Rental Value Coop - LTV as Rental  Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop - Coop Units Coop - Sponsor/Investor Carry
1 Loan 5, 9, 10, 11, A 1 Bay Plaza Community Center 9.7%               
2 Loan 5, B 1 Gateway Center North 9.7%               
3 Loan 12 1 Metro 3610 9.5%               
4 Loan 5, 8, C 1 Queens Center 9.4%               
5 Loan 5, 6, 7, D 21 Sunbelt MHC Portfolio 9.4%               
5.01 Property   1 River Run 1.1%               
5.02 Property   1 Las Quintas 0.7%               
5.03 Property   1 Del Pueblo 0.7%               
5.04 Property   1 River Grove 0.6%               
5.05 Property   1 Indian Skies 0.6%               
5.06 Property   1 Quail Run 0.6%               
5.07 Property   1 Kastaway Key 0.6%               
5.08 Property   1 Landing Resort 0.5%               
5.09 Property   1 Ridgecrest 0.5%               
5.10 Property   1 Olive Hill 0.4%               
5.11 Property   1 Wildwood Acres 0.4%               
5.12 Property   1 Orange Grove 0.4%               
5.13 Property   1 Elmwood 0.3%               
5.14 Property   1 Seabranch 0.3%               
5.15 Property   1 Royal Palms 0.3%               
5.16 Property   1 Sandbar 0.3%               
5.17 Property   1 San Tan Vista 0.3%               
5.18 Property   1 Lake Ridge 0.3%               
5.19 Property   1 Cliftwood 0.3%               
5.20 Property   1 Zephyr Palms 0.2%               
5.21 Property   1 Bamboo 0.2%               
6 Loan 5, 6, 7, 8, 13, 14, 15, E 24 Atrium Hotel Portfolio 24 Pack 6.3%               
6.01 Property   1 Rogers (Bentonville) Embassy Suites 0.6%               
6.02 Property   1 Frisco Embassy Suites 0.5%               
6.03 Property   1 Hilton Long Beach 0.4%               
6.04 Property   1 San Marcos Embassy Suites 0.4%               
6.05 Property   1 Loveland Embassy Suites 0.4%               
6.06 Property   1 Albuquerque Embassy Suites 0.3%               
6.07 Property   1 Branson Chateau Hotel 0.3%               
6.08 Property   1 Lincoln Embassy Suites 0.3%               
6.09 Property   1 Richardson Renaissance 0.3%               
6.10 Property   1 Charleston Embassy Suites 0.3%               
6.11 Property   1 Nashville South Embassy Suites 0.3%               
6.12 Property   1 La Vista Embassy Suites 0.3%               
6.13 Property   1 St. Charles Embassy Suites 0.2%               
6.14 Property   1 Hot Springs Embassy Suites 0.2%               
6.15 Property   1 East Peoria Embassy Suites 0.2%               
6.16 Property   1 Tucson University Marriott 0.2%               
6.17 Property   1 Embassy Suites Lexington UK Coldstream 0.2%               
6.18 Property   1 Normal Marriott Hotel 0.2%               
6.19 Property   1 Oklahoma City Courtyard by Marriott 0.1%               
6.20 Property   1 North Charleston Residence Inn 0.1%               
6.21 Property   1 Oklahoma City Residence Inn 0.1%               
6.22 Property   1 La Vista Courtyard by Marriott 0.1%               
6.23 Property   1 Springfield Residence Inn 0.1%               
6.24 Property   1 Fort Smith Courtyard by Marriott 0.1%               
7 Loan F 1 Wareham Crossing 6.1%               
8 Loan   1 609 West Randolph Street 4.0%               
9 Loan   1 MoCo Portfolio 3.3%               
10 Loan 5, 16, 17, G 1 Colony Square 3.1%               
11 Loan 5, H 1 Atlanta Decorative Arts Center 3.0%               
12 Loan 18 1 4265 San Felipe 2.9%               
13 Loan   1 Woodscreek Commons 2.6%               
14 Loan   1 390 Wythe Avenue 2.5%               
15 Loan 19 1 Miramar Metroplex 2.4%               
16 Loan 7 1 Kenhorst Plaza 2.1%               
17 Loan 20, 21, 22, I 1 1-3 West 125th Street 1.7%               
18 Loan   1 Kent Supreme Self Storage 1.4%               
19 Loan   1 HPI Self Storage - Holiday FL 1.1%               
20 Loan   1 LA Fitness - Linden, NJ 1.0%               
21 Loan   1 Springfield Valley Apartments 1.0%               
22 Loan 6 2 Mendenhall Gardens and High Point Apartments 0.9%               
22.01 Property   1 Mendenhall Gardens 0.5%               
22.02 Property   1 High Point Apartments 0.4%               
23 Loan   1 180 1st Avenue 0.9%               
24 Loan J 1 Osprey Cove MHC 0.9%               
25 Loan   1 Cityscape Arts 0.9%               
26 Loan 23 1 1302 Kings Highway 0.8%               
27 Loan   1 Lake Eustis MHP 0.7%               
28 Loan   1 Winchester Self Storage 0.7%               
29 Loan K 1 Carousel Ranch MHC 0.5%               
30 Loan 24 1 109-111 Lexington Avenue 0.4%               
31 Loan   1 Riverwest Business Park 0.4%               
32 Loan L 1 Ponderosa 0.3%               
33 Loan M 1 Bo Mar 0.2%               

 

 A-1-17 

 

BANK5 2024-5YR11
Footnotes to Annex A-1

(1)MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association; JPMCB—JPMorgan Chase Bank, National Association.

 

(2)Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective Mortgaged Properties which are not in occupancy, are in free rent periods or may have subleased their space.

 

(3)The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced Mortgage Loan, pari passu loan primary servicing fee rate, in each case applicable to the related Mortgage Loan.

 

(4)Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties.

 

(5)With respect to Mortgage Loan No. 1, Bay Plaza Community Center, Mortgage Loan No. 2, Gateway Center North, Mortgage Loan No. 4, Queens Center, Mortgage Loan No. 5, Sunbelt MHC Portfolio, Mortgage Loan No. 6, Atrium Hotel Portfolio 24 Pack, Mortgage Loan No. 10, Colony Square and Mortgage Loan No. 11 Atlanta Decorative Arts Center, such Mortgage Loans are part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this prospectus.

 

(6)With respect to Mortgage Loan No. 5, Sunbelt MHC Portfolio, Mortgage Loan No. 6, Atrium Hotel Portfolio 24 Pack and Mortgage Loan No. 22, Mendenhall Gardens and High Point Apartments, such Mortgage Loans are secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or Underwritten NCF, among other methods.

 

(7)With respect to Mortgage Loan No. 5, Sunbelt MHC Portfolio, Mortgage Loan No. 6, Atrium Hotel Portfollio 24 Pack and Mortgage Loan No. 16, Kenhorst Plaza, the related loan documents permit a partial release of the property, or other release with prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus.

 

(8)With respect to Mortgage Loan No. 4, Queens Center and Mortgage Loan No. 6, Atrium Hotel Portfolio 24 Pack, the related loan documents permit an outparcel or other release without prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus.

 

(9)With respect to Mortgage Loan No. 1, Bay Plaza Community Center, the Mortgaged Property is comprised of 384,769 SF of retail space and 184,044 SF of office space, constituting 67.6% and 32.4% of the net rentable area at the Mortgaged Property, respectively.

 

(10)With respect to Mortgage Loan No. 1, Bay Plaza Community Center, to cure a sweep event triggered on the date that is six months prior to the expiration date of the lease of either the Second Largest Tenant, AMC, or the Fourth Largest Tenant,

 

 A-1-18 

 

Raymour & Flanigan, the borrower may deliver a letter of credit in the amount such that the subsequent total amount in the lease sweep reserve account is equal to the total rentable square feet of the applicable lease multiplied by $25.00.

 

(11)With respect to Mortgage Loan No. 1, Bay Plaza Community Center, the related Mortgaged Property is subject to a ground lease between SP Center, LLC, one of the two borrowers as the ground lessor, and BPCC Lease, LLC, the other borrower as the ground lessee.

 

(12)With respect to Mortgage Loan No. 3, Metro 3610, the sole member of the related borrower received a capital contribution of approximately $6 million from an investor (the “Preferred Equity Investor”) in exchange for a preferred equity interest, which is not secured by collateral and is only payable out of excess cash. See “Description of the Mortgage Pool—Additional Indebtedness—Other Unsecured Indebtedness” in this prospectus for additional information.

 

(13)With respect to Mortgage Loan No. 6, Atrium Hotel Portfolio 24 Pack, the appraised value represents the “as-is” Appraised Value for the Atrium Hotel Portfolio 24 Pack of $1,448,000,000, which reflects a portfolio premium of 4.8%, as of May 13, 2024. The aggregate as-is appraised values of the Atrium Hotel Portfolio 24 Pack properties is $1,381,200,000 as of May 13, 2024.

 

(14)With respect to Mortgage Loan No. 6, Atrium Hotel Portfolio 24 Pack, food and beverage income accounts for approximately 27.0% of U/W Revenues and Other Revenue accounts for approximately 3.1% of U/W Revenue.

 

(15)With respect to Mortgage Loan No. 6, Atrium Hotel Portfolio 24 Pack, the PIP and Replacement Reserve will be equal to the sum of (i) 4.0% of gross revenues that remain subject to the liens of the Atrium Hotel Portfolio 24 Pack Whole Loan documents for the calendar month that is two calendar months prior to the calendar month of the monthly due date plus (ii) commencing on the monthly due date in November 2026 and on each subsequent monthly due date, $1,000,000; provided that if a property subject to a PIP has been released, then such amount will be reduced.

 

(16)With respect to Loan No. 10, 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.

 

(17)With respect to Loan No. 10, 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.

 

(18)With respect to Mortgage Loan No. 12, 4265 San Felipe, the Appraised Value represents the “As If Funded Escrow” appraised value based on the hypothetical assumption that, upon origination of the Mortgage Loan, at least $700,000 is funded into an escrow account to cover any current leasing commissions and concessions. At loan origination, the related borrower deposited approximately $1,125,000 into an upfront TI/LC reserve and $1,050,374 into a free rent reserve. Based on the “as-is” appraised value of $35,400,000, the Mortgage Loan results in a Cut-off Date LTV and Maturity Date LTV of 66.1%.

 

(19)With respect to Mortgage Loan No. 15, Miramar Metroplex, has a total NRA of 217,510 SF. However, a 22,472 SF (suite B207) portion of the second floor office space has not been leased by the borrower sponsor since its acquisition of the Mortgaged Property in 2013. The borrower sponsor is not expected to lease this space in the future and it is considered dead space. The SF, PSF, % of NRA and occupancy numbers presented with respect to the Miramar Metroplex Mortgage Loan are based on 195,038 SF.

 

(20)With respect to Mortgage Loan No. 17, 1-3 West 125th Street, the Appraised Value represents the “Hypothetical As If Reserve Funded” appraised value based on the hypothetical assumption that the lease-up costs associated with the Vanderbilt Home

 

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Products, whose lease is expected to commence in April 2025, in the amount of $50,000 is funded into an escrow account. At loan origination, the related borrower deposited $50,000 into an outstanding TI reserve. Based on the “as-is” appraised value of $21,000,000, the Mortgage Loan results in a Cut-off Date LTV and Maturity Date LTV of 65.7%.

 

(21)With respect to Mortgage Loan No. 17, 1-3 West 125th Street, the Mortgaged Property is comprised of 19,005 SF of retail space and 11,950 SF of office space, constituting 61.4% and 38.6% of the net rentable area at the Mortgaged Property, respectively.

 

(22)With respect to Mortgage Loan No. 17, 1-3 West 125th Street, the Largest Tenant, Vanderbilt Home Collections, whose lease is expected to commence in April 2025, is affiliated with the borrower.

 

(23)With respect to Mortgage Loan No. 27, 1302 Kings Highway, the fifth largest tenant, Kings Highway Vision Center LLC, representing 12.9% of net rentable area and 21.0% of underwritten rent, is an affiliate of the borrower.

 

(24)With respect to Mortgage Loan No. 30, 109-111 Lexington Avenue, the Mortgaged Property includes 2 multifamily units (56.1% of NRA) and one borrower affiliated commercial tenant (43.9% of NRA).

 

A.Yield Maintenance Premium” shall mean, with respect to any repayment of the outstanding principal balance of the Loan, an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the portion of the 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 Note to be made with respect to the portion of the Loan under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the portion of the Loan being prepaid is paid on the Maturity 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.

 

B.“Yield Maintenance Premium” shall mean an amount equal to the greater of: (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) the excess, if any, of (A) the present value (determined using a discount rate equal to the Treasury Note Rate at such time) of all scheduled monthly payments of principal and interest payable in respect of the principal amount of the Loan being prepaid; provided that the Note shall be deemed, for purposes of this definition, to be due and payable on the Open Prepayment Commencement Date, over (B) the principal amount of the Loan being prepaid. Lender’s calculation of the Yield Maintenance Premium, and all component calculations (including, without limitation, the Treasury Note Rate), shall be conclusive and binding on Borrower absent manifest error. “Treasury Note Rate” shall mean, at the time of the prepayment, as applicable, the rate of interest per annum equal to (x) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Prepayment Commencement Date (or if two or more such securities have maturity dates equally close to the Open Prepayment Commencement Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth (5th) Business Day preceding the prepayment date, divided by (y) twelve (12).

 

C.“Yield Maintenance Premium” shall mean, with respect to any Note or Note Component, an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which (x) the sum of the present values as of the prepayment date of all unpaid principal and interest payments on such Note or Note Component required hereunder to the Open Prepayment Date (including the balloon payment assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date (assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), from the Open Prepayment Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds (y) the outstanding principal balance of such Note or Note Component as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of such Note or Note Component as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean the arithmetic mean of the rates published as “Treasury Constant Maturities” as of 5:00 p.m., New York time, for the date on which a prepayment subject to Yield Maintenance Premium is made, as shown on the USD screen of Reuters (or such other page as may replace that page on that service, or such other page or replacement therefor on any successor service), or if such service

 

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is not available, the Bloomberg Service (or any successor service), or if neither Reuters nor the Bloomberg Service is available, under Section 504 in the weekly statistical release designated H.15(519) (or any successor publication) published by the Board of Governors of the Federal Reserve System, for “On the Run” U.S. Treasury obligations corresponding to the Open Prepayment Date. If no such maturity shall so exactly correspond, yields for the two most closely corresponding published maturities shall be calculated pursuant to the foregoing sentence and the Periodic Treasury Yield shall be interpolated or extrapolated (as applicable) from such yields on a straight-line basis (rounding, in the case of relevant periods, to the nearest month). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.

 

D.Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication (in its sole but reasonable determination) to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

 

E.Yield Maintenance Premium” means, with respect to any payment of principal on a Component that is subject to a Yield Maintenance Premium pursuant to this Agreement, the product of:

(A) a fraction whose numerator is the amount so paid and whose denominator is the outstanding principal balance of the Component that is being repaid before giving effect to such payment, times

(B) the amount by which (1) the sum of the respective present values, computed as of the date of prepayment, of the remaining scheduled payments of principal and interest with respect to the Component that is being repaid, including the balloon payment on the scheduled Maturity Date (assuming no prepayments or acceleration of the Loan), determined by discounting such payments to the date on which such prepayment is made at the Treasury Constant Yield, exceeds (2) the outstanding principal balance of the Component being repaid on such date immediately prior to such prepayment;

(A) provided that the Yield Maintenance Premium shall not be less than 1% of the amount prepaid. The calculation of the Yield Maintenance Premium shall be made by Lender and shall, absent manifest error, be final, conclusive and binding upon all parties. All Yield Maintenance Premiums payable with respect to Component A and Component B shall be allocated to the Notes comprising Note A on a pro rata and pari passu basis, and all Yield Maintenance Premiums payable with respect to Component C, Component D, Component E, Component F, Component G and Component HRR shall be allocated to the Notes comprising Note B on a pro rata and pari passu basis

“Component” shall mean, individually, any one of Component A, Component B, Component C, Component D, Component E, Component F, Component G and Component HRR, as described in Section 2.1.5 here

 

2.1.5 Components of the Loan. For the purpose of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Loan shall be divided into Component A, Component B, Component C, Component D, Component E, Component F, Component G and Component HRR. Component A and Component B shall be evidenced by the Notes comprising Note A collectively, and Component C, Component D, Component E, Component F, Component G and Component HRR shall be as follows:

 

 

 A-1-21 

 

    2.1.5            Components of the Loan. For the purpose of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Loan shall be divided into Component A, Component B, Component C, Component D, Component E, Component F, Component G and Component HRR. Component A and Component B shall be evidenced by the Notes comprising Note A collectively, and Component C, Component D, Component E, Component F, Component G and Component HRR shall be evidenced by the Notes comprising Note B collectively. The initial principal amount of the Components shall be as follows:  

 

    COMPONENT   INITIAL PRINCIPAL AMOUNT  
    A   $354,948,920.00  
    B   $109,851,080.00  
    C   $81,700,000.00  
    D   $202,900,000.00  
    E   $102,500,000.00  
    F   $20,000,000.00  
    G   $70,900,000.00  
    HRR   $42,200,000.00  
    Total:   $985,000,000.00  
           

“Maturity Date” shall mean November 6, 2029, or such other date on which the final payment of principal of the Note becomes due and payable as therein or herein provided, whether at such stated maturity date, by declaration of acceleration, or otherwise

 

“Treasury Constant Yield” means the arithmetic mean of the rates published as “Treasury Constant Maturities” as of 5:00 p.m., New York time, for the five Business Days preceding the date on which acceleration has been declared, or, as applicable, the date on which a prepayment subject to a Yield Maintenance Premium pursuant to this Agreement is made, as shown on the USD screen of Reuters (or such other page as may replace that page on that service, or such other page or replacement therefor on any successor service), or if such service is not available, the Bloomberg Service (or any successor service), or if neither Reuters nor the Bloomberg Service is available, under Section 504 in the weekly statistical release designated H.15(519) (or any successor publication) published by the Board of Governors of the Federal Reserve System, for “On the Run” U.S. Treasury obligations corresponding to the Open Prepayment Date. If no such maturity shall so exactly correspond, yields for the two most closely corresponding published maturities shall be calculated pursuant to the foregoing sentence and the Treasury Constant Yield shall be interpolated or extrapolated (as applicable) from such yields on a straight-line basis (rounding, in the case of relevant periods, to the nearest month.

 

F.“Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) (a) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required from and after August 1, 2029 (the “Open Period Start Date ”) (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (b) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth (5th) Business Day preceding the prepayment date, divided by (z) twelve (12). Lender’s calculation of Yield Maintenance, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.

 

G.“Yield Maintenance Premium” shall mean an amount equal to the greater of (a) one percent (1%) of the outstanding principal balance of the Loan to be prepaid or satisfied and (b) the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Open Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. The term “Discount Rate” shall mean the rate that, when compounded monthly, is equivalent to the Treasury Rate (hereinafter defined) when compounded semiannually. The term “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Date. (If Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)

 

H.“Yield Maintenance Premium” shall mean, with respect to each Note, an amount equal to the greater of (a) one-half of one percent (0.50%) of the outstanding principal amount of such Note to be prepaid or satisfied and (b) the excess, if any, of (i) the

 

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sum of the present values of all then-scheduled payments of principal and interest in respect of the principal amount being prepaid under such Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on such Note is paid on the Permitted Par Prepayment Date (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 provided, with respect to any prepayment of any portion of the Loan that is subject to a Rated Securitization and which is made after the Payment Date in March, 2029 but prior to the Permitted Par Prepayment Date, the Yield Maintenance Premium shall be zero

 

“Permitted Par Prepayment Date” shall mean April 9, 2029

 

“Payment Date” shall mean, with respect to any Note, the ninth (9th) day of each calendar month during the term of the Loan, until and including the Maturity Date. The parties hereto acknowledge that the first Payment Date shall be November 9, 2024.

 

I."Yield Maintenance Premium" shall mean, with respect to any repayment of the outstanding principal balance of the Loan, an amount equal to the greater of (a) one percent (1 %) of the outstanding principal of the portion of the 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 Note to be made with respect to the portion of the Loan under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the portion of the 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-annitally 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), oven (ii) the principal amount being prepaid.

 

J.“Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

 

K.“Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the

 

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Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

 

  L. “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

 

M.“Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

 

 

 

 

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