FWP 1 n695_anxa1-x8.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-206361-04
     

 

Free Writing Prospectus dated July 5, 2016

 

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-206361) 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 trust 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 1-866-400-7834 or emailing cmbs-prospectus@jpmorgan.com.

  

The information in this file (the “File”) is an electronic copy of the information set forth in the Appendix titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the Certificates referred to herein in making their investment decision.

 

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File supersedes any contrary information contained in any prior File relating to the subject securities and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

 

Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

 

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 these materials having been sent via Bloomberg or another email system.

 

 

 

   

 

 

ANNEX A-1

                                 
                                Number of
Loan #   Seller(1)   Property Name   Street Address   City   State   Zip Code   County   Properties
1   JPMCB   Opry Mills   433 Opry Mills Drive   Nashville   TN   37214   Davidson   1
2   JPMCB   Center 21   2150 Franklin Street and 2101 Webster Street   Oakland   CA   94612   Alameda   1
3   JPMCB   693 Fifth Avenue   693 Fifth Avenue   New York   NY   10022   New York   1
4   JPMCB   Marriott Atlanta Buckhead   3405 Lenox Road Northeast   Atlanta   GA   30326   Fulton   1
5   JPMCB   100 East Pratt   100 East Pratt Street   Baltimore   MD   21202   Baltimore City   1
6   JPMCB   The Shops at Crystals   3720 South Las Vegas Boulevard   Las Vegas   NV   89158   Clark   1
7   BSP   Renaissance Center   8705 Henderson Road   Tampa   FL   33634   Hillsborough   1
8   JPMCB   650 Poydras   650 Poydras Street   New Orleans   LA   70130   Orleans   1
9   GACC   Hagerstown Premium Outlets   495 Premium Outlets Boulevard   Hagerstown   MD   21740   Washington   1
10   JPMCB   1000 Parkwood   1000 Parkwood Circle Southeast   Atlanta   GA   30339   Cobb   1
11   JPMCB   7083 Hollywood Boulevard   7083 Hollywood Boulevard   Hollywood   CA   90028   Los Angeles   1
12   BSP   700 17th Street   700 17th Street   Denver   CO   80202   Denver   1
13   JPMCB   Four Penn Center   1600 John F. Kennedy Boulevard   Philadelphia   PA   19103   Philadelphia   1
14   BSP   Aloft Milwaukee   1230 North Old World Third Street   Milwaukee   WI   53212   Milwaukee   1
15   JPMCB   Renaissance Providence Downtown Hotel   5 Avenue of the Arts   Providence   RI   02903   Providence   1
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   Various   Various   VA   Various   Various   2
16.01   BSP   Residence Inn Chesapeake   1500 Crossways Boulevard   Chesapeake   VA   23320   Chesapeake   1
16.02   BSP   Springhill Suites Norfolk   6350 Newtown Road   Norfolk   VA   23502   Norfolk   1
17   BSP   RC Shoppes   1750-1790 North Congress Avenue   Boynton Beach   FL   33426   Palm Beach   1
18   SMF VI   Hotel Tybee   1401 Strand Avenue   Tybee Island   GA   31328   Chatham   1
19   BSP   K&G Marketplace   30451, 30461 & 30465 Avenida De Las Flores   Rancho Santa Margarita   CA   92688   Orange   1
20   BSP   2000 Glades Road   2000 Glades Road   Boca Raton   FL   33431   Palm Beach   1
21   GACC   Waltonwood at University   3250 East Walton Boulevard   Rochester Hills   MI   48309   Oakland   1
22   SMF VI   Grass Valley Shopping Center   111 West McNight Way   Grass Valley   CA   95949   Nevada   1
23   BSP   Gateway of Grand Blanc   5220 Baldwin Road   Holly   MI   48442   Genesee   1
24   SMF VI   TBC Place   4021 & 4025 Stirrup Creek Drive   Durham   NC   27703   Durham   1
25   SMF VI   Dollar General Portfolio   Various   Various   Various   Various   Various   27
25.01   SMF VI   4180 State Route 133   4180 State Route 133   Batavia   OH   45103   Clermont   1
25.02   SMF VI   1345 1st Street   1345 1st Street   Moundsville   WV   26041   Marshall   1
25.03   SMF VI   125 East Main Street   125 East Main Street   Orwell   OH   44076   Ashtabula   1
25.04   SMF VI   835 7th Street   835 7th Street   Parkersburg   WV   26101   Wood   1
25.05   SMF VI   747 Wooster Road North   747 Wooster Road North   Barberton   OH   44203   Summit   1
25.06   SMF VI   1350 Grandview Road   1350 Grandview Road   Lake Milton   OH   44429   Mahoning   1
25.07   SMF VI   3626 Cleveland Avenue South   3626 Cleveland Avenue South   Canton   OH   44707   Stark   1
25.08   SMF VI   10787 Ensley Drive Northeast   10787 Ensley Drive Northeast   Bolivar   OH   44612   Tuscarawas   1
25.09   SMF VI   1622 Cleveland Road   1622 Cleveland Road   Sandusky   OH   44870   Erie   1
25.10   SMF VI   120 Plum Street North   120 Plum Street North   East Canton   OH   44730   Stark   1
25.11   SMF VI   477 Oberlin Elyria Road   477 Oberlin Elyria Road   Elyria   OH   44035   Lorain   1
25.12   SMF VI   5626 US Route 6   5626 US Route 6   Andover   OH   44003   Ashtabula   1
25.13   SMF VI   18005 State Route 78   18005 State Route 78   Caldwell   OH   43724   Noble   1
25.14   SMF VI   8990 United Lane   8990 United Lane   Athens   OH   45701   Athens   1
25.15   SMF VI   11180 Chardon Road   11180 Chardon Road   Chardon   OH   44024   Geauga   1
25.16   SMF VI   3274 Winfield Road   3274 Winfield Road   Winfield   WV   25213   Putnam   1
25.17   SMF VI   1016 East State Street   1016 East State Street   Athens   OH   45701   Athens   1
25.18   SMF VI   3881 Columbus Road   3881 Columbus Road   Centerburg   OH   43011   Knox   1
25.19   SMF VI   555 South Street Southeast   555 South Street Southeast   Warren   OH   44483   Trumbull   1
25.20   SMF VI   223 East Kiracofe Avenue   223 East Kiracofe Avenue   Elida   OH   45807   Allen   1
25.21   SMF VI   10891 West Main Street   10891 West Main Street   South Webster   OH   45682   Scioto   1
25.22   SMF VI   25 West Buckeye Street   25 West Buckeye Street   West Salem   OH   44287   Wayne   1
25.23   SMF VI   115 Citizens Parkway   115 Citizens Parkway   Bluffton   OH   45817   Allen   1
25.24   SMF VI   662 West Main Street   662 West Main Street   Blanchester   OH   45107   Clinton   1
25.25   SMF VI   330 East Main Street   330 East Main Street   Xenia   OH   45385   Greene   1
25.26   SMF VI   707 West Emmitt Avenue   707 West Emmitt Avenue   Waverly   OH   45690   Pike   1
25.27   SMF VI   6711 Gilead Street   6711 Gilead Street   Whitehouse   OH   43571   Lucas   1
26   GACC   Autumn Park Apartments   4405 North Navarro Street   Victoria   TX   77904   Victoria   1
27   BSP   Decatur Crossing   4675 & 4775 West Teco Avenue   Las Vegas   NV   89118   Clark   1
28   BSP   Hillside Flex Portfolio   Various   Various   MI   Various   Various   2
28.01   BSP   Hills Tech Research Park   37408 Hills Tech Drive   Farmington Hills   MI   48331   Oakland   1
28.02   BSP   Andover Business Park   47119 Five Mile Road   Plymouth   MI   48170   Wayne   1
29   BSP   Camelback Crossing   5115 North Dysart Road   Litchfield Park   AZ   85340   Maricopa   1
30   JPMCB   417-425 North Eighth Street   417-425 North 8th Street   Philadelphia   PA   19123   Philadelphia   1
31   GACC   Sierra Forest   6660 Mableton Parkway   Mableton   GA   30126   Cobb   1
32   SMF VI   Centre at Culpeper   15161 Montanus Drive   Culpeper   VA   22701   Culpeper   1
33   BSP   Broomfield Corporate Center   11525 Main Street   Broomfield   CO   80020   Broomfield   1
34   SMF VI   Abdo Retail Portfolio   Various   Various   Various   Various   Various   3
34.01   SMF VI   Six Quebec   601 Marquette Avenue   Minneapolis   MN   55402   Hennepin   1
34.02   SMF VI   136th & Colorado   13691 Colorado Boulevard   Thornton   CO   80602   Adams   1
34.03   SMF VI   Shadowglen Shopping Center   4747-4783 Flintridge Drive   Colorado Springs   CO   80918   El Paso   1
35   GACC   Somerset Apartments San Antonio   5335 Northwest Loop 410   San Antonio   TX   78229   Bexar   1
36   JPMCB   Best Western Plus Austin Central   919 East Koenig Lane   Austin   TX   78751   Travis   1
37   SMF VI   Kohl’s Wichita Falls   3712 Call Field Road   Wichita Falls   TX   76308   Wichita   1
38   JPMCB   Hampton Inn & Suites Adairsville   101 Travelers Path   Adairsville   GA   30103   Bartow   1
39   GACC   Space Coast Portfolio   Various   Various   FL   Various   Brevard   2
39.01   GACC   Galleria Executive Plaza   801-829 North Atlantic Avenue   Cocoa Beach   FL   32931   Brevard   1
39.02   GACC   Satellite Arms Apartments   1166 South Patrick Drive   Satellite Beach   FL   32937   Brevard   1
40   JPMCB   Starkville   301-329 and 331-509 Mallory Lane, 300-307 Abernathy Drive, 104-125 John Calvin Street, 101-123 Rutledge Street and 100-218 John Wesley Drive Starkville   MS   39759   Oktibbeha   1
41   GACC   Holiday Inn Express Kanab   217 South 100 East   Kanab   UT   84741   Kane   1
42   SMF VI   Hampton Inn – Beaumont   3795 Interstate 10 South   Beaumont   TX   77705   Jefferson   1
43   GACC   6627 Maple   6627 Maple Avenue   Dallas   TX   75235   Dallas   1
44   SMF VI   Destiny Phoenix West   416 North Citrus Road   Goodyear   AZ   85338   Maricopa   1
45   BSP   11264 Corliss Avenue   11264 Corliss Avenue   Chicago   IL   60628   Cook   1
46   GACC   Holiday Inn Express Clermont   1810 South Highway 27   Clermont   FL   34711   Lake   1
47   SMF VI   North Kent Shopping Center   4311 Plainfield Avenue Northeast   Grand Rapids   MI   49525   Kent   1

 

 

   

 

 

ANNEX A-1 

                                                             
                                                            Original
            Property     Property       Year        Unit of          Occupancy   Appraised   Appraisal   Current   Original   Balance
Loan #   Seller(1)   Property Name   Type   Subtype   Year Built   Renovated   Units(2)    Measure   Occupancy %(3)   Date   Value ($)(4)   Date   LTV %(4)(5)   Balance ($)(6)(7)   per Unit ($)
1   JPMCB   Opry Mills   Retail   Super Regional Mall   2000   2012   1,169,633   Square Feet   98.6%   03/14/16   738,000,000   05/10/16   50.8%   80,000,000   321
2   JPMCB   Center 21   Office   CBD   1986, 2008       689,302   Square Feet   98.8%   03/01/16   275,100,000   05/19/16   59.3%   80,000,000   236
3   JPMCB   693 Fifth Avenue   Mixed Use   Retail/Office   1993   2015   96,514   Square Feet   57.1%   04/01/16   525,000,000   05/24/16   47.6%   65,000,000   2,590
4   JPMCB   Marriott Atlanta Buckhead   Hotel   Full Service   1975   2008   349   Rooms   79.7%   04/30/16   78,000,000   04/01/16   64.7%   50,500,000   144,699
5   JPMCB   100 East Pratt   Office   CBD   1975, 1991   2015   662,708   Square Feet   99.4%   02/26/16   187,800,000   03/02/16   58.8%   50,400,000   167
6   JPMCB   The Shops at Crystals   Retail   Anchored   2009       262,327   Square Feet   87.6%   04/21/16   1,100,000,000   04/26/16   34.8%   50,000,000   1,459
7   BSP   Renaissance Center   Office   Suburban   1997-2001       573,053   Square Feet   100.0%   04/30/16   110,500,000   12/16/15   63.9%   40,360,000   123
8   JPMCB   650 Poydras   Office   CBD   1983   2005   453,255   Square Feet   86.0%   03/15/16   53,400,000   03/24/16   71.7%   38,300,000   84
9   GACC   Hagerstown Premium Outlets   Retail   Anchored   1988-2000       484,994   Square Feet   90.4%   04/01/16   150,000,000   11/30/15   51.3%   31,000,000   159
10   JPMCB   1000 Parkwood   Office   Suburban   1985   2007   212,705   Square Feet   94.3%   05/01/16   39,200,000   04/13/16   64.5%   25,285,000   119
11   JPMCB   7083 Hollywood Boulevard   Office   CBD   1985   2012   82,180   Square Feet   97.3%   03/31/16   42,200,000   05/19/16   51.4%   21,700,000   264
12   BSP   700 17th Street   Office   CBD   1960   1999   182,505   Square Feet   89.8%   05/01/16   39,800,000   04/21/16   52.8%   21,000,000   115
13   JPMCB   Four Penn Center   Office   CBD   1964   2001   522,600   Square Feet   78.7%   03/31/16   91,900,000   03/07/16   75.0%   20,925,000   132
14   BSP   Aloft Milwaukee   Hotel   Select Service   2009       160   Rooms   80.0%   03/31/16   31,400,000   03/29/17   63.6%   20,000,000   125,000
15   JPMCB   Renaissance Providence Downtown Hotel   Hotel   Full Service   2007   2016   272   Rooms   73.6%   04/30/16   73,000,000   12/01/16   61.4%   20,000,000   165,441
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   Hotel   Various   Various   Various   252   Rooms   77.2%   04/30/16   36,000,000   Various   54.8%   19,750,000   78,373
16.01   BSP   Residence Inn Chesapeake   Hotel   Extended Stay   2005   2015   121   Rooms   85.5%   04/30/16   20,600,000   04/13/16       11,382,796    
16.02   BSP   Springhill Suites Norfolk   Hotel   Limited Service   2004   2014   131   Rooms   69.6%   04/30/16   15,400,000   04/01/16       8,367,204    
17   BSP   RC Shoppes   Mixed Use   Retail/Multifamily   2006       43,664   Square Feet   96.7%   05/03/16   22,500,000   04/01/16   72.2%   16,250,000   372
18   SMF VI   Hotel Tybee   Hotel   Full Service   1989, 1993   2015   208   Rooms   51.0%   03/31/16   23,000,000   04/01/16   69.5%   16,000,000   76,923
19   BSP   K&G Marketplace   Retail   Shadow Anchored   2000   2016   29,432   Square Feet   90.6%   01/16/16   25,700,000   10/01/16   60.9%   15,650,000   532
20   BSP   2000 Glades Road   Office   Suburban   1980       59,371   Square Feet   85.9%   05/11/16   18,900,000   03/16/16   74.9%   15,000,000   253
21   GACC   Waltonwood at University   Multifamily   Senior   1988   2016   122   Beds   92.4%   05/31/16   23,500,000   12/02/15   63.4%   15,000,000   122,951
22   SMF VI   Grass Valley Shopping Center   Retail   Anchored   1981-1982       153,502   Square Feet   95.5%   06/09/16   20,500,000   04/11/16   72.0%   14,750,000   96
23   BSP   Gateway of Grand Blanc   Multifamily   Garden   2003       220   Units   97.3%   05/27/16   21,000,000   05/04/16   69.3%   14,550,000   66,136
24   SMF VI   TBC Place   Office   Suburban   1999-2000       177,743   Square Feet   87.0%   05/17/16   21,000,000   05/01/16   66.4%   13,950,000   78
25   SMF VI   Dollar General Portfolio   Retail   Freestanding   Various       216,739   Square Feet   93.4%   07/06/16   17,710,000   Various   74.5%   13,200,000   61
25.01   SMF VI   4180 State Route 133   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   860,000   05/20/16       640,994    
25.02   SMF VI   1345 1st Street   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   770,000   05/19/16       573,913    
25.03   SMF VI   125 East Main Street   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   770,000   05/19/16       573,913    
25.04   SMF VI   835 7th Street   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   750,000   05/19/16       559,006    
25.05   SMF VI   747 Wooster Road North   Retail   Freestanding   2003       8,125   Square Feet   100.0%   07/06/16   740,000   05/19/16       551,553    
25.06   SMF VI   1350 Grandview Road   Retail   Freestanding   2003       8,125   Square Feet   100.0%   07/06/16   740,000   05/19/16       551,553    
25.07   SMF VI   3626 Cleveland Avenue South   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   740,000   05/19/16       551,553    
25.08   SMF VI   10787 Ensley Drive Northeast   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   660,000   05/19/16       537,716    
25.09   SMF VI   1622 Cleveland Road   Retail   Freestanding   2003       8,125   Square Feet   100.0%   07/06/16   720,000   05/19/16       536,646    
25.10   SMF VI   120 Plum Street North   Retail   Freestanding   2003       8,125   Square Feet   100.0%   07/06/16   710,000   05/19/16       529,193    
25.11   SMF VI   477 Oberlin Elyria Road   Retail   Freestanding   2003       8,125   Square Feet   100.0%   07/06/16   710,000   05/19/16       529,193    
25.12   SMF VI   5626 US Route 6   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   690,000   05/19/16       514,286    
25.13   SMF VI   18005 State Route 78   Retail   Freestanding   2002       8,000   Square Feet   100.0%   07/06/16   690,000   05/23/16       514,286    
25.14   SMF VI   8990 United Lane   Retail   Freestanding   2003       8,000   Square Feet   100.0%   07/06/16   670,000   05/23/16       499,379    
25.15   SMF VI   11180 Chardon Road   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   670,000   05/19/16       499,379    
25.16   SMF VI   3274 Winfield Road   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   670,000   05/19/16       499,379    
25.17   SMF VI   1016 East State Street   Retail   Freestanding   2002       8,000   Square Feet   100.0%   07/06/16   650,000   05/23/16       484,472    
25.18   SMF VI   3881 Columbus Road   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   640,000   05/20/16       481,034    
25.19   SMF VI   555 South Street Southeast   Retail   Freestanding   2004       9,014   Square Feet   100.0%   07/06/16   710,000   05/19/16       479,387    
25.20   SMF VI   223 East Kiracofe Avenue   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   640,000   05/20/16       477,019    
25.21   SMF VI   10891 West Main Street   Retail   Freestanding   2003       8,000   Square Feet   100.0%   07/06/16   630,000   05/25/16       469,565    
25.22   SMF VI   25 West Buckeye Street   Retail   Freestanding   2002       7,200   Square Feet   100.0%   07/06/16   630,000   05/19/16       469,565    
25.23   SMF VI   115 Citizens Parkway   Retail   Freestanding   2004       8,125   Square Feet   100.0%   07/06/16   620,000   05/20/16       462,112    
25.24   SMF VI   662 West Main Street   Retail   Freestanding   2002       8,000   Square Feet   100.0%   07/06/16   500,000   05/20/16       372,671    
25.25   SMF VI   330 East Main Street   Retail   Freestanding   2003       7,200   Square Feet   0.0%   07/06/16   400,000   05/20/16       298,137    
25.26   SMF VI   707 West Emmitt Avenue   Retail   Freestanding   2003       8,000   Square Feet   100.0%   07/06/16   390,000   05/25/16       290,683    
25.27   SMF VI   6711 Gilead Street   Retail   Freestanding   2003       7,200   Square Feet   0.0%   07/06/16   340,000   05/20/16       253,416    
26   GACC   Autumn Park Apartments   Multifamily   Garden   1982   2015   288   Units   80.9%   06/07/16   16,650,000   10/15/15   75.0%   12,487,500   43,359
27   BSP   Decatur Crossing   Mixed Use   Office/Industrial   2007       112,299   Square Feet   99.0%   03/31/16   17,285,000   08/01/15   71.4%   12,500,000   111
28   BSP   Hillside Flex Portfolio   Industrial   Flex   Various       194,201   Square Feet   88.4%   04/07/16   16,500,000   12/21/15   72.3%   12,000,000   62
28.01   BSP   Hills Tech Research Park   Industrial   Flex   1984-1986       133,401   Square Feet   86.7%   04/07/16   8,400,000   12/21/15       6,109,091    
28.02   BSP   Andover Business Park   Industrial   Flex   2002       60,800   Square Feet   92.1%   04/07/16   8,100,000   12/21/15       5,890,909    
29   BSP   Camelback Crossing   Retail   Anchored   2003       94,156   Square Feet   93.0%   03/31/16   14,650,000   09/21/15   71.4%   10,459,200   111
30   JPMCB   417-425 North Eighth Street   Office   CBD   1908   2014   101,284   Square Feet   90.9%   01/05/16   13,575,000   12/10/15   73.5%   10,045,000   99
31   GACC   Sierra Forest   Multifamily   Garden   1970-1971   2010   272   Units   93.4%   05/26/16   13,300,000   02/05/16   73.7%   9,842,000   36,184
32   SMF VI   Centre at Culpeper   Retail   Anchored   2006       72,878   Square Feet   84.3%   05/18/16   13,700,000   05/10/16   71.2%   9,750,000   134
33   BSP   Broomfield Corporate Center   Office   Data Center   2002   2007   92,800   Square Feet   100.0%   07/06/16   17,800,000   02/12/16   49.2%   8,750,000   94
34   SMF VI   Abdo Retail Portfolio   Various   Various   Various   Various   49,136   Square Feet   95.7%   06/09/16   11,720,000   Various   74.2%   8,700,000   177
34.01   SMF VI   Six Quebec   Mixed Use   Retail/Office   1949   2006   20,904   Square Feet   100.0%   06/09/16   5,820,000   05/12/16       4,320,307    
34.02   SMF VI   136th & Colorado   Retail   Shadow Anchored   2009       15,032   Square Feet   93.9%   06/09/16   4,200,000   05/10/16       3,117,747    
34.03   SMF VI   Shadowglen Shopping Center   Retail   Shadow Anchored   1972       13,200   Square Feet   90.9%   06/09/16   1,700,000   05/23/16       1,261,945    
35   GACC   Somerset Apartments San Antonio   Multifamily   Garden   1968   2015   241   Units   93.4%   03/15/16   12,300,000   12/04/15   69.1%   8,500,000   35,270
36   JPMCB   Best Western Plus Austin Central   Hotel   Limited Service   1981   2002   137   Rooms   67.1%   09/30/15   13,000,000   11/01/15   63.8%   8,350,000   60,949
37   SMF VI   Kohl’s Wichita Falls   Retail   Freestanding   1992   2005   110,763   Square Feet   100.0%   07/06/16   11,880,000   02/23/16   67.3%   8,000,000   72
38   JPMCB   Hampton Inn & Suites Adairsville   Hotel   Limited Service   2013       79   Rooms   76.4%   12/31/15   10,300,000   11/10/15   68.4%   7,100,000   89,873
39   GACC   Space Coast Portfolio   Various   Various   Various   Various   42,534 Square Feet / 36 Units   Square Feet/Units   100.0%   03/31/16   9,000,000   Various   74.5%   6,750,000   Various
39.01   GACC   Galleria Executive Plaza   Office   Suburban   1986   2006   42,534   Square Feet   100.0%   03/31/16   5,700,000   09/22/15       4,275,000    
39.02   GACC   Satellite Arms Apartments   Multifamily   Garden   1965   2013   36   Units   100.0%   03/31/16   3,300,000   09/21/15       2,475,000    
40   JPMCB   Starkville   Multifamily   Garden   2004-2005       306   Units   99.0%   02/01/16   9,600,000   01/22/16   68.5%   6,600,000   21,569
41   GACC   Holiday Inn Express Kanab   Hotel   Limited Service   2008   2015   79   Rooms   82.8%   03/31/16   11,000,000   02/01/16   59.0%   6,500,000   82,278
42   SMF VI   Hampton Inn – Beaumont   Hotel   Limited Service   1999   2016   121   Rooms   72.1%   02/29/16   7,800,000   04/13/16   69.9%   5,450,000   45,041
43   GACC   6627 Maple   Industrial   Warehouse/Distribution   1956   2015   43,635   Square Feet   100.0%   07/06/16   7,000,000   10/09/15   64.3%   4,500,000   103
44   SMF VI   Destiny Phoenix West   Manufactured Housing   Manufactured Housing   1986       284   Pads   70.0%   03/01/16   6,550,000   05/13/16   66.8%   4,375,000   15,405
45   BSP   11264 Corliss Avenue   Industrial   Warehouse   1977   2015   145,000   Square Feet   100.0%   07/06/16   5,800,000   10/12/15   69.9%   4,100,000   28
46   GACC   Holiday Inn Express Clermont   Hotel   Limited Service   1999   2013   69   Rooms   65.5%   03/31/16   6,400,000   01/01/17   62.2%   4,000,000   57,971
47   SMF VI   North Kent Shopping Center   Retail   Anchored   1969   2003   94,400   Square Feet   89.4%   04/01/16   4,320,000   04/28/16   63.0%   2,725,000   29

 

 

   

 

 

ANNEX A-1 

                                                                 
                Current                       Net                        
            Current     Balance   % of Initial   Crossed   Related     Interest     Admin.   Mortgage       Monthly Debt   Annual Debt       First     Partial IO
Loan #   Seller(1)   Property Name   Balance ($)(6)(7)   per Unit ($)   Pool Balance   Loan   Borrower(8)   Rate %(9)   Fee %(9)   Rate %(9)   Accrual Type   Service ($)(10)(11)   Service ($)(11)   Note Date   Payment Date   Last IO Payment
1   JPMCB   Opry Mills   80,000,000   321   8.5%   No   Yes - Group 1   4.09200   0.01582   4.07619   Actual/360   276,588.89   3,319,066.67   06/02/16   08/01/16    
2   JPMCB   Center 21   80,000,000   236   8.5%   No   Yes - Group 3   4.14000   0.01190   4.12810   Actual/360   279,833.33   3,358,000.00   06/24/16   08/01/16    
3   JPMCB   693 Fifth Avenue   65,000,000   2,590   6.9%   No   No   3.96600   0.01190   3.95410   Actual/360   341,874.86   4,102,498.32   06/10/16   08/01/16   07/01/18
4   JPMCB   Marriott Atlanta Buckhead   50,500,000   144,699   5.4%   No   No   4.30000   0.01582   4.28419   Actual/360   249,910.08   2,998,920.96   06/24/16   08/01/16   07/01/19
5   JPMCB   100 East Pratt   50,400,000   167   5.4%   No   Yes - Group 2   4.67000   0.01190   4.65810   Actual/360   260,485.44   3,125,825.28   03/31/16   05/06/16   04/06/21
6   JPMCB   The Shops at Crystals   50,000,000   1,459   5.3%   No   Yes - Group 1   3.74400   0.01190   3.73210   Actual/360   158,166.67   1,898,000.00   06/09/16   08/01/16    
7   BSP   Renaissance Center   40,360,000   123   4.3%   No   Yes - Group 2   5.02000   0.01582   5.00419   Actual/360   217,154.80   2,605,857.60   02/11/16   04/06/16   03/06/21
8   JPMCB   650 Poydras   38,300,000   84   4.1%   No   No   4.59752   0.01582   4.58171   Actual/360   196,286.03   2,355,432.36   06/07/16   08/01/16    
9   GACC   Hagerstown Premium Outlets   31,000,000   159   3.3%   No   Yes - Group 1   4.25900   0.01582   4.24319   Actual/360   152,664.75   1,831,977.00   01/07/16   03/06/16   02/06/18
10   JPMCB   1000 Parkwood   25,285,000   119   2.7%   No   No   4.55000   0.01582   4.53419   Actual/360   128,867.66   1,546,411.92   05/12/16   07/01/16   06/01/19
11   JPMCB   7083 Hollywood Boulevard   21,700,000   264   2.3%   No   Yes - Group 3   4.14000   0.01582   4.12419   Actual/360   75,904.79   910,857.50   06/24/16   08/01/16    
12   BSP   700 17th Street   21,000,000   115   2.2%   No   No   4.89000   0.01582   4.87419   Actual/360   111,325.00   1,335,900.00   06/06/16   07/06/16   06/06/18
13   JPMCB   Four Penn Center   20,925,000   132   2.2%   No   No   4.67500   0.01190   4.66310   Actual/360   108,210.76   1,298,529.12   04/08/16   06/01/16   05/01/21
14   BSP   Aloft Milwaukee   19,977,568   124,860   2.1%   No   No   5.37000   0.01582   5.35419   Actual/360   111,931.91   1,343,182.92   05/18/16   07/06/16    
15   JPMCB   Renaissance Providence Downtown Hotel   19,908,869   164,687   2.1%   No   No   5.00000   0.02190   4.97810   Actual/360   107,364.32   1,288,371.84   02/09/16   04/01/16    
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   19,717,217   78,243   2.1%   No   No   5.80000   0.01582   5.78419   Actual/360   127,972.50   1,535,670.03   05/10/16   07/06/16    
16.01   BSP   Residence Inn Chesapeake   11,363,901       1.2%                                            
16.02   BSP   Springhill Suites Norfolk   8,353,316       0.9%                                            
17   BSP   RC Shoppes   16,250,000   372   1.7%   No   No   5.10000   0.01582   5.08419   Actual/360   88,229.34   1,058,752.08   05/10/16   07/06/16   06/06/19
18   SMF VI   Hotel Tybee   15,973,539   76,796   1.7%   No   No   5.10200   0.04582   5.05619   Actual/360   94,487.71   1,133,852.52   05/16/16   07/06/16    
19   BSP   K&G Marketplace   15,650,000   532   1.7%   No   No   5.07000   0.01582   5.05419   Actual/360   84,683.38   1,016,200.56   12/16/15   02/06/16   01/06/19
20   BSP   2000 Glades Road   15,000,000   253   1.6%   No   No   5.10000   0.01582   5.08419   Actual/360   81,442.47   977,309.64   05/26/16   07/06/16   12/06/17
21   GACC   Waltonwood at University   14,904,718   122,170   1.6%   No   No   4.63000   0.01582   4.61419   Actual/360   77,165.82   925,989.84   01/29/16   03/06/16    
22   SMF VI   Grass Valley Shopping Center   14,750,000   96   1.6%   No   No   4.52000   0.01582   4.50419   Actual/360   74,911.47   898,937.64   06/10/16   08/06/16    
23   BSP   Gateway of Grand Blanc   14,550,000   66,136   1.5%   No   No   4.74000   0.06332   4.67669   Actual/360   75,812.01   909,744.12   06/02/16   07/06/16   06/06/17
24   SMF VI   TBC Place   13,950,000   78   1.5%   No   Yes - Group 4   4.58800   0.01582   4.57219   Actual/360   71,413.88   856,966.56   05/26/16   07/06/16   06/06/21
25   SMF VI   Dollar General Portfolio   13,200,000   61   1.4%   No   No   4.97000   0.01582   4.95419   Actual/360   70,618.63   847,423.56   06/21/16   08/06/16    
25.01   SMF VI   4180 State Route 133   640,994       0.1%                                            
25.02   SMF VI   1345 1st Street   573,913       0.1%                                            
25.03   SMF VI   125 East Main Street   573,913       0.1%                                            
25.04   SMF VI   835 7th Street   559,006       0.1%                                            
25.05   SMF VI   747 Wooster Road North   551,553       0.1%                                            
25.06   SMF VI   1350 Grandview Road   551,553       0.1%                                            
25.07   SMF VI   3626 Cleveland Avenue South   551,553       0.1%                                            
25.08   SMF VI   10787 Ensley Drive Northeast   537,716       0.1%                                            
25.09   SMF VI   1622 Cleveland Road   536,646       0.1%                                            
25.10   SMF VI   120 Plum Street North   529,193       0.1%                                            
25.11   SMF VI   477 Oberlin Elyria Road   529,193       0.1%                                            
25.12   SMF VI   5626 US Route 6   514,286       0.1%                                            
25.13   SMF VI   18005 State Route 78   514,286       0.1%                                            
25.14   SMF VI   8990 United Lane   499,379       0.1%                                            
25.15   SMF VI   11180 Chardon Road   499,379       0.1%                                            
25.16   SMF VI   3274 Winfield Road   499,379       0.1%                                            
25.17   SMF VI   1016 East State Street   484,472       0.1%                                            
25.18   SMF VI   3881 Columbus Road   481,034       0.1%                                            
25.19   SMF VI   555 South Street Southeast   479,387       0.1%                                            
25.20   SMF VI   223 East Kiracofe Avenue   477,019       0.1%                                            
25.21   SMF VI   10891 West Main Street   469,565       0.0%                                            
25.22   SMF VI   25 West Buckeye Street   469,565       0.0%                                            
25.23   SMF VI   115 Citizens Parkway   462,112       0.0%                                            
25.24   SMF VI   662 West Main Street   372,671       0.0%                                            
25.25   SMF VI   330 East Main Street   298,137       0.0%                                            
25.26   SMF VI   707 West Emmitt Avenue   290,683       0.0%                                            
25.27   SMF VI   6711 Gilead Street   253,416       0.0%                                            
26   GACC   Autumn Park Apartments   12,487,500   43,359   1.3%   No   No   4.71000   0.07332   4.63669   Actual/360   64,839.97   778,079.64   12/18/15   02/06/16   01/06/19
27   BSP   Decatur Crossing   12,345,985   110   1.3%   No   Yes - Group 2   4.73000   0.01582   4.71419   Actual/360   65,055.31   780,663.72   09/03/15   10/06/15    
28   BSP   Hillside Flex Portfolio   11,930,318   61   1.3%   No   No   5.10000   0.01582   5.08419   Actual/360   65,153.97   781,847.64   01/08/16   03/06/16    
28.01   BSP   Hills Tech Research Park   6,073,616       0.6%                                            
28.02   BSP   Andover Business Park   5,856,701       0.6%                                            
29   BSP   Camelback Crossing   10,459,200   111   1.1%   No   No   4.84000   0.01582   4.82419   Actual/360   55,128.96   661,547.52   10/27/15   12/06/15   11/06/20
30   JPMCB   417-425 North Eighth Street   9,984,268   99   1.1%   No   No   4.89000   0.05582   4.83419   Actual/360   53,250.46   639,005.52   01/11/16   03/01/16    
31   GACC   Sierra Forest   9,808,626   36,061   1.0%   No   No   5.13000   0.08332   5.04669   Actual/360   53,618.69   643,424.28   03/09/16   05/06/16    
32   SMF VI   Centre at Culpeper   9,750,000   134   1.0%   No   Yes - Group 4   4.51800   0.01582   4.50219   Actual/360   49,506.15   594,073.80   05/26/16   07/06/16   06/06/21
33   BSP   Broomfield Corporate Center   8,750,000   94   0.9%   No   No   4.37340   0.01582   4.35759   Actual/360   32,332.28   387,987.36   03/10/16   05/06/16    
34   SMF VI   Abdo Retail Portfolio   8,700,000   177   0.9%   No   No   4.90000   0.01582   4.88419   Actual/360   46,173.22   554,078.64   06/13/16   08/06/16   07/06/17
34.01   SMF VI   Six Quebec   4,320,307       0.5%                                            
34.02   SMF VI   136th & Colorado   3,117,747       0.3%                                            
34.03   SMF VI   Shadowglen Shopping Center   1,261,945       0.1%                                            
35   GACC   Somerset Apartments San Antonio   8,500,000   35,270   0.9%   No   No   4.66000   0.01582   4.64419   Actual/360   43,880.09   526,561.08   12/23/15   02/06/16   01/06/21
36   JPMCB   Best Western Plus Austin Central   8,290,153   60,512   0.9%   No   No   4.88400   0.01582   4.86819   Actual/360   44,234.51   530,814.12   12/11/15   02/01/16    
37   SMF VI   Kohl’s Wichita Falls   7,990,473   72   0.9%   No   No   5.04800   0.01582   5.03219   Actual/360   43,180.72   518,168.64   05/19/16   07/06/16    
38   JPMCB   Hampton Inn & Suites Adairsville   7,049,770   89,238   0.8%   No   No   4.95000   0.01582   4.93419   Actual/360   37,897.67   454,772.04   12/30/15   02/01/16    
39   GACC   Space Coast Portfolio   6,702,057   Various   0.7%   No   No   4.93000   0.08332   4.84669   Actual/360   35,947.24   431,366.88   12/07/15   02/06/16    
39.01   GACC   Galleria Executive Plaza   4,244,636       0.5%                                            
39.02   GACC   Satellite Arms Apartments   2,457,421       0.3%                                            
40   JPMCB   Starkville   6,577,484   21,495   0.7%   No   No   5.10000   0.01582   5.08419   Actual/360   35,834.69   430,016.28   03/03/16   05/01/16    
41   GACC   Holiday Inn Express Kanab   6,485,100   82,090   0.7%   No   No   4.95000   0.08332   4.86669   Actual/360   34,695.05   416,340.60   05/02/16   06/06/16    
42   SMF VI   Hampton Inn – Beaumont   5,450,000   45,041   0.6%   No   No   6.30500   0.01582   6.28919   Actual/360   33,751.78   405,021.36   05/17/16   07/06/16   12/06/18
43   GACC   6627 Maple   4,500,000   103   0.5%   No   No   4.45000   0.01582   4.43419   Actual/360   22,667.34   272,008.08   04/11/16   06/06/16   05/06/17
44   SMF VI   Destiny Phoenix West   4,375,000   15,405   0.5%   No   No   4.79000   0.06582   4.72419   Actual/360   25,043.39   300,520.68   06/09/16   08/06/16    
45   BSP   11264 Corliss Avenue   4,054,781   28   0.4%   No   No   5.25000   0.01582   5.23419   Actual/360   24,569.16   294,829.92   11/23/15   01/06/16    
46   GACC   Holiday Inn Express Clermont   3,983,351   57,730   0.4%   No   No   5.43000   0.01582   5.41419   Actual/360   22,536.20   270,434.40   02/23/16   04/06/16    
47   SMF VI   North Kent Shopping Center   2,720,733   29   0.3%   No   No   5.46500   0.01582   5.44919   Actual/360   16,676.97   200,123.64   06/01/16   07/06/16    

 

 

   

 

 

ANNEX A-1 

                                                                 
                                                                 
            Partial IO Loan   Rem.   Rem.           Payment   Grace Period   Grace Period           Final     Maturity   Maturity   Prepayment
Loan #   Seller(1)   Property Name   First P&I Payment    Term    Amort   I/O Period   Seasoning   Due Date    (Late Payment)    (Default)   Maturity Date   ARD Loan   Mat Date   Balance ($)(6)   LTV %(4)   Provision (Payments)(12)
1   JPMCB   Opry Mills       120   0   120   0   1   0   0   07/01/26   No       80,000,000   50.8%   L(24),Def(89),O(7)
2   JPMCB   Center 21       120   0   120   0   1   0   5 (Twice per year)   07/01/26   No       80,000,000   59.3%   L(24),Def(92),O(4)
3   JPMCB   693 Fifth Avenue   08/01/18   120   300   24   0   1   0   0   07/01/26   No       50,996,968   37.4%   L(25),Grtr1%orYM(91),O(4)
4   JPMCB   Marriott Atlanta Buckhead   08/01/19   120   360   36   0   1   0   0   07/01/26   No       44,003,720   56.4%   L(25),Grtr1%orYM(88),O(7)
5   JPMCB   100 East Pratt   05/06/21   117   360   60   3   6   0   0   04/06/26   No       46,245,517   53.9%   L(27),Def(89),O(4)
6   JPMCB   The Shops at Crystals       120   0   120   0   1   0   0   07/01/26   No       50,000,000   34.8%   L(24),Def(89),O(7)
7   BSP   Renaissance Center   04/06/21   116   360   60   4   6   0   0   03/06/26   No       37,234,637   58.9%   L(28),Def(88),O(4)
8   JPMCB   650 Poydras       120   360   0   0   1   0   0   07/01/26   No       31,068,184   58.2%   L(24),Def(93),O(3)
9   GACC   Hagerstown Premium Outlets   03/06/18   115   360   24   5   6   5   0   02/06/26   No       26,300,979   43.6%   L(29),Def(84),O(7)
10   JPMCB   1000 Parkwood   07/01/19   119   360   36   1   1   0   0   06/01/26   No       22,160,564   56.5%   L(25),Def(92),O(3)
11   JPMCB   7083 Hollywood Boulevard       120   0   120   0   1   0   5 (Twice per year)   07/01/26   No       21,700,000   51.4%   L(24),Def(92),O(4)
12   BSP   700 17th Street   07/06/18   119   360   24   1   6   0   0   06/06/26   No       18,120,429   45.5%   L(25),Def(91),O(4)
13   JPMCB   Four Penn Center   06/01/21   118   360   60   2   1   5   5   05/01/26   No       19,202,072   68.8%   L(26),Def(90),O(4)
14   BSP   Aloft Milwaukee       119   359   0   1   6   0   0   06/06/26   No       16,637,984   53.0%   L(25),Def(91),O(4)
15   JPMCB   Renaissance Providence Downtown Hotel       116   356   0   4   1   0   0   03/01/26   No       16,443,496   50.7%   L(25),Grtr1%orYM(91),O(4)
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake       119   299   0   1   6   0   0   06/06/26   No       14,593,623   40.5%   L(25),Def(91),O(4)
16.01   BSP   Residence Inn Chesapeake                                               8,410,948        
16.02   BSP   Springhill Suites Norfolk                                               6,182,675        
17   BSP   RC Shoppes   07/06/19   119   360   36   1   6   0   0   06/06/26   No       14,417,739   64.1%   L(25),Def(91),O(4)
18   SMF VI   Hotel Tybee       119   299   0   1   6   0   0   06/06/26   No       12,006,500   52.2%   L(25),Def(90),O(5)
19   BSP   K&G Marketplace   02/06/19   114   360   36   6   6   0   0   01/06/26   No       13,874,928   54.0%   Grtr1%orYM(35),Def(81),O(4)
20   BSP   2000 Glades Road   01/06/18   119   360   18   1   6   0   0   06/06/26   No       12,856,587   68.0%   L(25),DeforGrtr1%orYM(91),O(4)
21   GACC   Waltonwood at University       115   355   0   5   6   0   0   02/06/26   No       12,180,921   51.8%   L(29),Def(87),O(4)
22   SMF VI   Grass Valley Shopping Center       120   360   0   0   6   0   0   07/06/26   No       11,933,238   58.2%   L(5),Grtr1%orYM(111),O(4)
23   BSP   Gateway of Grand Blanc   07/06/17   119   360   12   1   6   0   0   06/06/26   No       12,190,374   58.0%   L(25),Def(91),O(4)
24   SMF VI   TBC Place   07/06/21   119   360   60   1   6   0   0   06/06/26   No       12,783,420   60.9%   L(25),DeforGrtr1%orYM(89),O(6)
25   SMF VI   Dollar General Portfolio       120   360   0   0   6   0   0   07/06/26   No       10,841,660   61.2%   L(12),Grtr1%orYM(104),O(4)
25.01   SMF VI   4180 State Route 133                                               526,472        
25.02   SMF VI   1345 1st Street                                               471,377        
25.03   SMF VI   125 East Main Street                                               471,377        
25.04   SMF VI   835 7th Street                                               459,133        
25.05   SMF VI   747 Wooster Road North                                               453,011        
25.06   SMF VI   1350 Grandview Road                                               453,011        
25.07   SMF VI   3626 Cleveland Avenue South                                               453,011        
25.08   SMF VI   10787 Ensley Drive Northeast                                               441,646        
25.09   SMF VI   1622 Cleveland Road                                               440,768        
25.10   SMF VI   120 Plum Street North                                               434,646        
25.11   SMF VI   477 Oberlin Elyria Road                                               434,646        
25.12   SMF VI   5626 US Route 6                                               422,402        
25.13   SMF VI   18005 State Route 78                                               422,402        
25.14   SMF VI   8990 United Lane                                               410,159        
25.15   SMF VI   11180 Chardon Road                                               410,159        
25.16   SMF VI   3274 Winfield Road                                               410,159        
25.17   SMF VI   1016 East State Street                                               397,915        
25.18   SMF VI   3881 Columbus Road                                               395,091        
25.19   SMF VI   555 South Street Southeast                                               393,738        
25.20   SMF VI   223 East Kiracofe Avenue                                               391,793        
25.21   SMF VI   10891 West Main Street                                               385,672        
25.22   SMF VI   25 West Buckeye Street                                               385,672        
25.23   SMF VI   115 Citizens Parkway                                               379,550        
25.24   SMF VI   662 West Main Street                                               306,089        
25.25   SMF VI   330 East Main Street                                               244,871        
25.26   SMF VI   707 West Emmitt Avenue                                               238,749        
25.27   SMF VI   6711 Gilead Street                                               208,140        
26   GACC   Autumn Park Apartments   02/06/19   114   360   36   6   6   0   0   01/06/26   No       10,983,404   66.0%   L(24),Grtr2%orYM(92),O(4)
27   BSP   Decatur Crossing       110   350   0   10   6   0   0   09/06/25   No       10,186,119   58.9%   L(34),Def(84),O(2)
28   BSP   Hillside Flex Portfolio       115   355   0   5   6   5   0   02/06/26   No       9,897,565   60.0%   L(29),Def(84),O(7)
28.01   BSP   Hills Tech Research Park                                               5,038,760        
28.02   BSP   Andover Business Park                                               4,858,805        
29   BSP   Camelback Crossing   12/06/20   112   360   60   8   6   0   0   11/06/25   No       9,621,927   65.7%   L(32),Def(84),O(4)
30   JPMCB   417-425 North Eighth Street       115   355   0   5   1   0   0   02/01/26   No       8,228,443   60.6%   L(25),Grtr1%orYM(93),O(2)
31   GACC   Sierra Forest       117   357   0   3   6   0   0   04/06/26   No       8,125,402   61.1%   L(27),Def(89),O(4)
32   SMF VI   Centre at Culpeper   07/06/21   119   360   60   1   6   0   0   06/06/26   No       8,924,666   65.1%   L(25),DeforGrtr1%orYM(89),O(6)
33   BSP   Broomfield Corporate Center       117   0   120   3   6   5   0   04/06/26   No       8,750,000   49.2%   L(27),Def(88),O(5)
34   SMF VI   Abdo Retail Portfolio   08/06/17   120   360   12   0   6   0   0   07/06/26   No       7,323,954   62.5%   L(24),Def(92),O(4)
34.01   SMF VI   Six Quebec                                               3,636,981        
34.02   SMF VI   136th & Colorado                                               2,624,625        
34.03   SMF VI   Shadowglen Shopping Center                                               1,062,348        
35   GACC   Somerset Apartments San Antonio   02/06/21   114   360   60   6   6   0   0   01/06/26   No       7,797,618   63.4%   L(30),Def(85),O(5)
36   JPMCB   Best Western Plus Austin Central       114   354   0   6   1   0   0   01/01/26   No       6,839,136   52.6%   L(25),Grtr1%orYM(92),O(3)
37   SMF VI   Kohl’s Wichita Falls       127   359   0   1   6   0   0   02/06/27   No       6,466,074   54.4%   L(25),Def(99),O(4)
38   JPMCB   Hampton Inn & Suites Adairsville       114   354   0   6   1   0   0   01/01/26   No       5,827,976   56.6%   L(30),Def(87),O(3)
39   GACC   Space Coast Portfolio       54   354   0   6   6   0   0   01/06/21   No       6,219,287   69.1%   L(30),Def(26),O(4)
39.01   GACC   Galleria Executive Plaza                                               3,938,882        
39.02   GACC   Satellite Arms Apartments                                               2,280,405        
40   JPMCB   Starkville       117   357   0   3   1   0   0   04/01/26   No       5,443,582   56.7%   L(27),Def(90),O(3)
41   GACC   Holiday Inn Express Kanab       118   358   0   2   6   0   0   05/06/26   No       5,335,290   48.5%   L(26),Def(90),O(4)
42   SMF VI   Hampton Inn – Beaumont   01/06/19   59   360   30   1   6   0   0   06/06/21   No       5,297,450   67.9%   L(25),Def(31),O(4)
43   GACC   6627 Maple   06/06/17   118   360   12   2   6   0   0   05/06/26   No       3,737,535   53.4%   L(26),Def(89),O(5)
44   SMF VI   Destiny Phoenix West       120   300   0   0   6   0   0   07/06/26   No       3,245,973   49.6%   L(24),Def(92),O(4)
45   BSP   11264 Corliss Avenue       113   293   0   7   6   0   0   12/06/25   No       3,093,746   53.3%   L(31),Def(83),O(6)
46   GACC   Holiday Inn Express Clermont       116   356   0   4   6   0   0   03/06/26   No       3,334,234   52.1%   L(28),Def(88),O(4)
47   SMF VI   North Kent Shopping Center       119   299   0   1   6   0   0   06/06/26   No       2,071,499   48.0%   L(25),Def(90),O(5)

 

 

   

 

 

ANNEX A-1 

            HISTORICAL FINANCIALS(13)
                                                             
            2013   2013   2013   2014   2014   2014   2015   2015   2015   Most Recent   Most Recent   Most Recent    
Loan #   Seller(1)   Property Name   Revenues ($)   Total Expenses ($)   NOI ($)   Revenues ($)   Total Expenses ($)   NOI ($)   Revenues ($)   Total Expenses ($)   NOI ($)    Revenues ($)    Total Expenses ($)    NOI ($)   As of
1   JPMCB   Opry Mills   49,127,199   14,625,041   34,502,158   50,063,915   15,076,680   34,987,235   51,734,040   15,026,181   36,707,859   51,765,862   14,870,712   36,895,150   01/31/16
2   JPMCB   Center 21   19,177,341   8,183,102   10,994,239   20,721,990   8,551,773   12,170,217   20,216,275   8,817,110   11,399,165   20,515,971   9,039,124   11,476,847   03/31/16
3   JPMCB   693 Fifth Avenue               8,701,285   3,798,967   4,902,318   18,736,883   4,528,682   14,208,201   19,303,224   4,712,493   14,590,731   03/31/16
4   JPMCB   Marriott Atlanta Buckhead   20,684,367   16,534,329   4,150,038   21,873,461   17,047,231   4,826,230   23,520,950   17,906,640   5,614,309   24,358,209   18,471,815   5,886,394   04/30/16
5   JPMCB   100 East Pratt   27,309,331   11,839,424   15,469,907   26,090,048   12,093,106   13,996,942   26,954,931   12,004,504   14,950,426   26,764,228   11,827,676   14,936,552   02/29/16
6   JPMCB   The Shops at Crystals   58,100,295   18,045,943   40,054,352   62,646,345   19,004,031   43,642,314   65,203,201   18,826,390   46,376,811                
7   BSP   Renaissance Center   14,162,783   5,920,493   8,242,290   14,244,265   5,722,803   8,521,462   14,708,853   5,958,563   8,750,290   14,253,513   5,739,365   8,514,148   04/30/16
8   JPMCB   650 Poydras   8,261,242   3,859,944   4,401,298   8,713,510   4,034,726   4,678,784   8,502,897   3,875,053   4,627,844   8,516,844   3,923,876   4,592,968   02/29/16
9   GACC   Hagerstown Premium Outlets   15,029,875   4,737,140   10,292,735   15,977,634   4,932,414   11,045,220   15,740,295   4,539,055   11,201,240   15,662,335   4,625,296   11,037,039   05/31/16
10   JPMCB   1000 Parkwood   3,052,524   1,448,398   1,604,126   3,866,604   1,723,552   2,143,052   4,160,933   1,760,862   2,400,071   4,172,838   1,702,552   2,470,286   05/31/16
11   JPMCB   7083 Hollywood Boulevard   2,766,600   1,221,100   1,545,500   3,323,400   1,249,300   2,074,100   3,711,100   1,449,600   2,261,500   3,806,860   1,409,805   2,397,055   03/31/16
12   BSP   700 17th Street   2,805,627   1,894,199   911,428   2,976,282   1,875,834   1,100,448   3,552,381   2,002,879   1,549,502   3,711,493   1,999,148   1,712,345   04/30/16
13   JPMCB   Four Penn Center   12,477,029   6,021,206   6,455,823   12,465,807   5,257,582   7,208,225   12,428,480   5,182,952   7,245,528   12,440,422   5,201,264   7,239,158   02/29/16
14   BSP   Aloft Milwaukee   6,986,465   5,191,288   1,795,177   7,289,437   5,334,142   1,955,295   7,745,166   5,704,884   2,040,282   7,883,793   5,719,450   2,164,343   03/31/16
15   JPMCB   Renaissance Providence Downtown Hotel   14,083,687   10,293,062   3,790,625   15,145,356   10,731,925   4,413,431   15,473,325   10,958,909   4,514,416   15,884,844   11,149,780   4,735,064   04/30/16
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   6,448,450   4,564,700   1,883,750   7,091,491   4,854,123   2,237,368   7,396,474   4,865,694   2,530,780   7,790,719   4,936,106   2,854,613   04/30/16
16.01   BSP   Residence Inn Chesapeake   3,326,944   2,191,828   1,135,116   3,834,819   2,446,452   1,388,367   3,781,101   2,359,419   1,421,682   4,093,007   2,416,595   1,676,412   04/30/16
16.02   BSP   Springhill Suites Norfolk   3,121,506   2,372,872   748,634   3,256,672   2,407,671   849,001   3,615,373   2,506,275   1,109,098   3,697,712   2,519,510   1,178,202   04/30/16
17   BSP   RC Shoppes   2,151,236   708,733   1,442,503   2,114,933   714,325   1,400,608   1,957,428   779,986   1,177,442   1,947,005   688,996   1,258,009   02/29/16
18   SMF VI   Hotel Tybee   5,964,083   4,559,259   1,404,824               5,632,228   2,971,559   2,660,669   5,933,210   3,111,331   2,821,879   03/31/16
19   BSP   K&G Marketplace   1,280,697   215,826   1,064,872   1,309,312   231,821   1,077,490   1,322,982   241,146   1,081,836   1,396,371   241,037   1,155,334   04/30/16
20   BSP   2000 Glades Road   2,055,162   825,063   1,230,099   2,014,857   775,574   1,239,283   2,017,316   816,561   1,200,755   1,953,129   794,337   1,158,792   03/31/16
21   GACC   Waltonwood at University   3,046,305   1,408,836   1,637,469   3,033,790   1,487,254   1,546,536   3,112,543   1,583,115   1,529,428   3,285,772   1,627,840   1,657,932   05/31/16
22   SMF VI   Grass Valley Shopping Center   1,676,259   408,068   1,268,191   1,724,283   421,233   1,303,050   1,761,699   425,388   1,336,311   1,839,479   418,274   1,421,205   02/29/16
23   BSP   Gateway of Grand Blanc   2,342,326   1,057,604   1,284,722   2,451,257   1,043,890   1,407,367   2,483,262   1,027,475   1,455,787   2,552,824   1,058,412   1,494,412   04/30/16
24   SMF VI   TBC Place   1,507,271   677,716   829,555   1,467,575   681,170   786,405                            
25   SMF VI   Dollar General Portfolio               1,765,991   430,371   1,335,620   1,928,921   541,189   1,387,732                
25.01   SMF VI   4180 State Route 133                                                    
25.02   SMF VI   1345 1st Street                                                    
25.03   SMF VI   125 East Main Street                                                    
25.04   SMF VI   835 7th Street                                                    
25.05   SMF VI   747 Wooster Road North                                                    
25.06   SMF VI   1350 Grandview Road                                                    
25.07   SMF VI   3626 Cleveland Avenue South                                                    
25.08   SMF VI   10787 Ensley Drive Northeast                                                    
25.09   SMF VI   1622 Cleveland Road                                                    
25.10   SMF VI   120 Plum Street North                                                    
25.11   SMF VI   477 Oberlin Elyria Road                                                    
25.12   SMF VI   5626 US Route 6                                                    
25.13   SMF VI   18005 State Route 78                                                    
25.14   SMF VI   8990 United Lane                                                    
25.15   SMF VI   11180 Chardon Road                                                    
25.16   SMF VI   3274 Winfield Road                                                    
25.17   SMF VI   1016 East State Street                                                    
25.18   SMF VI   3881 Columbus Road                                                    
25.19   SMF VI   555 South Street Southeast                                                    
25.20   SMF VI   223 East Kiracofe Avenue                                                    
25.21   SMF VI   10891 West Main Street                                                    
25.22   SMF VI   25 West Buckeye Street                                                    
25.23   SMF VI   115 Citizens Parkway                                                    
25.24   SMF VI   662 West Main Street                                                    
25.25   SMF VI   330 East Main Street                                                    
25.26   SMF VI   707 West Emmitt Avenue                                                    
25.27   SMF VI   6711 Gilead Street                                                    
26   GACC   Autumn Park Apartments   2,578,444   1,241,897   1,336,547   2,332,036   1,248,154   1,083,882   2,461,091   1,143,321   1,317,770   2,422,265   1,135,770   1,286,496   03/31/16
27   BSP   Decatur Crossing   883,256   274,517   608,739   1,201,260   342,551   858,709   1,364,380   372,335   992,045   1,462,995   371,956   1,091,039   02/29/16
28   BSP   Hillside Flex Portfolio   1,689,837   551,422   1,138,415   1,604,872   577,055   1,027,817   1,799,045   466,658   1,332,387   1,729,897   459,665   1,270,232   03/31/16
28.01   BSP   Hills Tech Research Park   957,787   321,188   636,599   1,016,442   321,599   694,843   1,052,079   306,420   745,659   984,177   288,408   695,769   03/31/16
28.02   BSP   Andover Business Park   732,050   230,234   501,816   588,430   255,456   332,974   746,966   160,238   586,728   745,720   171,257   574,463   03/31/16
29   BSP   Camelback Crossing   1,481,578   472,559   1,009,019   1,486,818   469,988   1,016,830   1,388,468   478,285   910,183   1,433,160   467,717   965,443   04/30/16
30   JPMCB   417-425 North Eighth Street   1,309,878   624,234   685,644   1,345,221   662,258   682,963               1,268,963   649,645   619,318   03/31/16
31   GACC   Sierra Forest   1,812,105   703,128   1,108,977   1,725,414   599,140   1,126,274   1,917,564   689,043   1,228,521                
32   SMF VI   Centre at Culpeper   1,291,277   234,170   1,057,107   1,256,091   255,212   1,000,879   1,323,993   244,585   1,079,408   1,346,812   256,247   1,090,565   03/31/16
33   BSP   Broomfield Corporate Center   1,585,038   465,582   1,119,455   1,583,714   460,965   1,122,749   1,521,986   420,357   1,101,629                
34   SMF VI   Abdo Retail Portfolio   1,147,998   475,765   672,233   1,303,577   547,259   756,318   1,415,667   562,939   852,728                
34.01   SMF VI   Six Quebec   678,283   318,089   360,194   762,189   376,970   385,220   824,887   377,503   447,384                
34.02   SMF VI   136th & Colorado   269,857   99,239   170,618   345,733   101,135   244,598   416,086   116,073   300,013                
34.03   SMF VI   Shadowglen Shopping Center   199,858   58,437   141,421   195,655   69,154   126,501   174,694   69,363   105,331                
35   GACC   Somerset Apartments San Antonio                           1,918,245   1,273,462   644,783   2,034,545   1,305,487   729,058   03/31/16
36   JPMCB   Best Western Plus Austin Central   2,225,512   1,400,365   825,147   2,443,169   1,429,082   1,014,087   2,986,501   1,646,021   1,340,480                
37   SMF VI   Kohl’s Wichita Falls                                                    
38   JPMCB   Hampton Inn & Suites Adairsville               2,190,229   1,329,301   860,929   2,370,462   1,408,134   962,327                
39   GACC   Space Coast Portfolio               910,368   297,118   613,250   965,385   304,222   661,163   978,732   308,400   670,332   03/31/16
39.01   GACC   Galleria Executive Plaza   519,562   205,930   313,632   614,707   201,927   412,780   633,889   193,528   440,361   636,155   186,638   449,517   03/31/16
39.02   GACC   Satellite Arms Apartments               295,661   95,191   200,470   331,496   110,695   220,801   342,577   121,762   220,815   03/31/16
40   JPMCB   Starkville   1,022,778   345,020   677,758   933,285   324,153   609,132   947,601   325,150   622,450                
41   GACC   Holiday Inn Express Kanab   2,257,334   1,415,498   841,836   2,544,949   1,609,257   935,692   3,010,512   1,822,957   1,187,555   3,078,248   1,847,349   1,230,899   03/31/16
42   SMF VI   Hampton Inn – Beaumont   2,406,239   1,915,219   491,020   2,590,967   2,034,542   556,425   2,900,188   2,191,332   708,856   2,902,797   2,169,756   733,041   02/29/16
43   GACC   6627 Maple                                                    
44   SMF VI   Destiny Phoenix West   1,050,721   657,972   392,749   1,138,822   721,001   417,822   1,146,387   722,108   424,279   1,160,354   719,751   440,604   02/29/16
45   BSP   11264 Corliss Avenue   557,600   195,535   362,066   567,518   198,211   369,307   515,103   202,235   312,868   621,211   202,235   418,976   03/31/16
46   GACC   Holiday Inn Express Clermont   1,379,103   1,074,880   304,223   1,648,806   1,150,961   497,845   1,822,821   1,241,975   580,846   1,807,845   1,224,946   582,899   03/31/16
47   SMF VI   North Kent Shopping Center   738,733   338,643   400,090   737,285   368,133   369,152   782,866   373,642   409,224   762,466   395,092   367,374   04/30/16

 

 

   

 

 

ANNEX A-1 

                                                                 
            UW                                                    
            Economic   UW   UW Total   UW   UW Capital   UW   UW   UW NCF   UW NOI   UW NCF       Ground Lease   Ground Lease    
Loan #   Seller(1)   Property Name   Occupancy %   Revenues ($)(3)   Expenses ($)   NOI ($)(3)(14)    Items ($)(14)   NCF ($)(3)(14)    NOI DSCR(15)   DSCR(15)   Debt Yield %    Debt Yield %   Title Type    Expiration    Extension Terms   PML %
1   JPMCB   Opry Mills   95.0%   52,975,528   15,212,634   37,762,894   1,488,609   36,274,285   2.43   2.33   10.1%   9.7%   Fee            
2   JPMCB   Center 21   95.0%   25,123,345   9,339,732   15,783,613   2,037,050   13,746,563   2.31   2.01   9.7%   8.4%   Fee           15%
3   JPMCB   693 Fifth Avenue   86.9%   20,153,750   4,235,787   15,917,963   206,811   15,711,152   1.01   1.00   6.4%   6.3%   Fee            
4   JPMCB   Marriott Atlanta Buckhead   79.7%   24,358,209   18,498,314   5,859,895   0   5,859,895   1.95   1.95   11.6%   11.6%   Fee            
5   JPMCB   100 East Pratt   91.7%   25,662,031   11,861,769   13,800,262   1,148,545   12,651,717   2.02   1.85   12.5%   11.5%   Fee            
6   JPMCB   The Shops at Crystals   91.9%   64,805,737   15,337,877   49,467,860   1,857,629   47,610,231   3.41   3.28   12.9%   12.4%   Fee            
7   BSP   Renaissance Center   92.0%   13,700,053   6,412,398   7,287,656   738,909   7,098,746   1.60   1.56   10.3%   10.1%   Fee            
8   JPMCB   650 Poydras   88.2%   8,531,901   3,916,164   4,615,737   748,654   3,867,083   1.96   1.64   12.1%   10.1%   Fee            
9   GACC   Hagerstown Premium Outlets   95.3%   16,370,416   4,999,235   11,371,181   730,254   10,640,926   2.50   2.34   14.8%   13.8%   Fee            
10   JPMCB   1000 Parkwood   90.0%   4,516,815   1,886,789   2,630,025   297,402   2,332,623   1.70   1.51   10.4%   9.2%   Fee            
11   JPMCB   7083 Hollywood Boulevard   91.8%   3,608,890   1,401,776   2,207,115   172,484   2,034,631   2.42   2.23   10.2%   9.4%   Fee           18%
12   BSP   700 17th Street   91.4%   4,111,590   2,021,615   2,089,975   228,131   1,861,844   1.56   1.39   10.0%   8.9%   Fee            
13   JPMCB   Four Penn Center   80.5%   12,208,168   5,247,672   6,960,497   1,193,164   5,767,333   1.63   1.35   10.1%   8.4%   Fee            
14   BSP   Aloft Milwaukee   80.0%   7,883,793   5,723,317   2,160,476   0   2,160,476   1.61   1.61   10.8%   10.8%   Fee            
15   JPMCB   Renaissance Providence Downtown Hotel   73.6%   15,884,844   11,514,817   4,370,027   0   4,370,027   1.51   1.51   9.8%   9.8%   Fee            
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   77.2%   7,770,554   4,933,271   2,837,283   0   2,837,283   1.85   1.85   14.4%   14.4%   Fee            
16.01   BSP   Residence Inn Chesapeake   85.5%   4,082,113   2,415,879   1,666,234   0   1,666,234                   Fee            
16.02   BSP   Springhill Suites Norfolk   69.6%   3,688,441   2,517,393   1,171,048   0   1,171,048                   Fee            
17   BSP   RC Shoppes   94.0%   2,222,439   818,903   1,403,536   54,214   1,349,322   1.33   1.27   8.6%   8.3%   Fee            
18   SMF VI   Hotel Tybee   51.0%   5,984,399   3,905,357   2,079,042   0   2,079,042   1.83   1.83   13.0%   13.0%   Fee            
19   BSP   K&G Marketplace   90.7%   1,512,056   246,367   1,265,689   35,318   1,230,371   1.25   1.21   8.1%   7.9%   Fee           8%
20   BSP   2000 Glades Road   89.7%   2,096,066   752,838   1,343,228   146,244   1,271,164   1.37   1.30   9.0%   8.5%   Fee            
21   GACC   Waltonwood at University   87.5%   3,530,115   1,573,175   1,956,940   33,184   1,923,756   2.11   2.08   13.1%   12.9%   Fee            
22   SMF VI   Grass Valley Shopping Center   92.8%   1,795,150   424,187   1,370,963   123,561   1,247,402   1.53   1.39   9.3%   8.5%   Fee           7%
23   BSP   Gateway of Grand Blanc   95.0%   2,556,693   1,050,257   1,506,436   76,780   1,429,656   1.66   1.57   10.4%   9.8%   Fee            
24   SMF VI   TBC Place   89.4%   2,441,854   713,533   1,728,321   115,533   1,612,788   2.02   1.88   12.4%   11.6%   Fee            
25   SMF VI   Dollar General Portfolio   94.5%   1,739,855   524,798   1,215,057   108,370   1,106,687   1.43   1.31   9.2%   8.4%   Fee            
25.01   SMF VI   4180 State Route 133                                           Fee            
25.02   SMF VI   1345 1st Street                                           Fee            
25.03   SMF VI   125 East Main Street                                           Fee            
25.04   SMF VI   835 7th Street                                           Fee            
25.05   SMF VI   747 Wooster Road North                                           Fee            
25.06   SMF VI   1350 Grandview Road                                           Fee            
25.07   SMF VI   3626 Cleveland Avenue South                                           Fee            
25.08   SMF VI   10787 Ensley Drive Northeast                                           Fee            
25.09   SMF VI   1622 Cleveland Road                                           Fee            
25.10   SMF VI   120 Plum Street North                                           Fee            
25.11   SMF VI   477 Oberlin Elyria Road                                           Fee            
25.12   SMF VI   5626 US Route 6                                           Fee            
25.13   SMF VI   18005 State Route 78                                           Fee            
25.14   SMF VI   8990 United Lane                                           Fee            
25.15   SMF VI   11180 Chardon Road                                           Fee            
25.16   SMF VI   3274 Winfield Road                                           Fee            
25.17   SMF VI   1016 East State Street                                           Fee            
25.18   SMF VI   3881 Columbus Road                                           Fee            
25.19   SMF VI   555 South Street Southeast                                           Fee            
25.20   SMF VI   223 East Kiracofe Avenue                                           Fee            
25.21   SMF VI   10891 West Main Street                                           Fee            
25.22   SMF VI   25 West Buckeye Street                                           Fee            
25.23   SMF VI   115 Citizens Parkway                                           Fee            
25.24   SMF VI   662 West Main Street                                           Fee            
25.25   SMF VI   330 East Main Street                                           Fee            
25.26   SMF VI   707 West Emmitt Avenue                                           Fee            
25.27   SMF VI   6711 Gilead Street                                           Fee            
26   GACC   Autumn Park Apartments   77.6%   2,267,401   1,190,125   1,077,277   79,200   998,077   1.38   1.28   8.6%   8.0%   Fee            
27   BSP   Decatur Crossing   92.0%   1,547,588   345,954   1,201,634   102,952   1,108,682   1.54   1.42   9.7%   9.0%   Fee            
28   BSP   Hillside Flex Portfolio   89.5%   1,828,497   447,522   1,380,975   135,940   1,245,034   1.77   1.59   11.6%   10.4%   Fee            
28.01   BSP   Hills Tech Research Park   87.3%   1,038,871   274,821   764,051   93,380   670,671                   Fee            
28.02   BSP   Andover Business Park   92.5%   789,626   172,701   616,925   42,560   574,364                   Fee            
29   BSP   Camelback Crossing   93.3%   1,490,884   560,783   930,101   78,722   851,380   1.41   1.29   8.9%   8.1%   Fee            
30   JPMCB   417-425 North Eighth Street   94.4%   1,737,972   683,636   1,054,336   192,239   862,097   1.65   1.35   10.6%   8.6%   Fee            
31   GACC   Sierra Forest   85.0%   1,976,934   814,637   1,162,296   79,968   1,082,328   1.81   1.68   11.8%   11.0%   Fee            
32   SMF VI   Centre at Culpeper   86.3%   1,333,823   251,396   1,082,427   47,371   1,035,056   1.82   1.74   11.1%   10.6%   Fee            
33   BSP   Broomfield Corporate Center   95.0%   1,582,476   418,900   1,163,577   9,280   1,154,297   3.00   2.98   13.3%   13.2%   Fee            
34   SMF VI   Abdo Retail Portfolio   93.5%   1,392,847   593,128   799,720   68,348   731,372   1.44   1.32   9.2%   8.4%   Fee            
34.01   SMF VI   Six Quebec   93.9%   770,436   397,945   372,491   30,879   341,612                   Fee            
34.02   SMF VI   136th & Colorado   93.1%   419,058   129,799   289,259   21,209   268,050                   Fee            
34.03   SMF VI   Shadowglen Shopping Center   92.7%   203,353   65,384   137,969   16,260   121,710                   Fee            
35   GACC   Somerset Apartments San Antonio   85.5%   2,059,994   1,315,668   744,326   57,120   687,206   1.41   1.31   8.8%   8.1%   Fee            
36   JPMCB   Best Western Plus Austin Central   67.1%   2,986,501   1,848,574   1,137,927   0   1,137,927   2.14   2.14   13.7%   13.7%   Fee            
37   SMF VI   Kohl’s Wichita Falls   98.0%   727,590   21,009   706,581   10,920   695,661   1.36   1.34   8.8%   8.7%   Fee            
38   JPMCB   Hampton Inn & Suites Adairsville   76.4%   2,370,462   1,469,422   901,039   0   901,039   1.98   1.98   12.8%   12.8%   Fee            
39   GACC   Space Coast Portfolio   91.7%   983,104   306,102   677,002   69,011   607,991   1.57   1.41   10.1%   9.1%   Fee            
39.01   GACC   Galleria Executive Plaza   90.5%   638,218   184,340   453,878   58,211   395,667                   Fee            
39.02   GACC   Satellite Arms Apartments   94.0%   344,886   121,762   223,124   10,800   212,324                   Fee            
40   JPMCB   Starkville   92.2%   1,048,013   440,672   607,341   43,230   564,111   1.41   1.31   9.2%   8.6%   Fee            
41   GACC   Holiday Inn Express Kanab   77.0%   2,951,215   1,778,920   1,172,295   118,049   1,054,246   2.82   2.53   18.1%   16.3%   Fee            
42   SMF VI   Hampton Inn – Beaumont   72.1%   2,884,899   2,220,630   664,269   0   664,269   1.64   1.64   12.2%   12.2%   Fee            
43   GACC   6627 Maple   97.5%   734,884   237,716   497,169   26,181   470,988   1.83   1.73   11.0%   10.5%   Fee            
44   SMF VI   Destiny Phoenix West   68.8%   1,160,354   700,128   460,227   14,200   446,027   1.53   1.48   10.5%   10.2%   Fee            
45   BSP   11264 Corliss Avenue   95.0%   648,052   215,196   432,855   41,982   390,873   1.47   1.33   10.7%   9.6%   Fee            
46   GACC   Holiday Inn Express Clermont   65.5%   1,807,750   1,206,846   600,904   72,310   528,594   2.22   1.95   15.1%   13.3%   Fee            
47   SMF VI   North Kent Shopping Center   87.1%   733,964   359,287   374,678   68,484   306,194   1.87   1.53   13.8%   11.3%   Fee            

 

 

   

 

 

ANNEX A-1

 

            UPFRONT ESCROW(16)  
                                             
            Upfront Capex   Upfront Engin.   Upfront Envir.   Upfront TI/LC   Upfront RE Tax   Upfront Ins.   Upfront Debt Service   Upfront Other   Other Upfront
Loan #   Seller(1)   Property Name   Reserve ($)   Reserve ($)    Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Description ($)(5)
1   JPMCB   Opry Mills   0   0   0   0   0   0   0   3,943,000   Outstanding TI/LC Reserve
2   JPMCB   Center 21   0   1,500,000   0   0   0   0   0   14,202,311   Outstanding TI/LC Reserve: 11,893,677; Free Rent Reserve: 2,308,634.15
3   JPMCB   693 Fifth Avenue   0   0   0   0   0   0   0   3,327,853   Outstanding TI Reserve: 3,022,059.98; Free Rent Reserve: 305,792.73
4   JPMCB   Marriott Atlanta Buckhead   0   0   0   0   714,632   0   0   1,000,000   REA Holdback
5   JPMCB   100 East Pratt   1,201,053   0   0   0   3,571,156   44,100   0   17,552,053   Outstanding TI/LC Reserve: 13,769,268; Free Rent Reserve: 3,782,785.36
6   JPMCB   The Shops at Crystals   0   0   0   185,000   0   0   0   0    
7   BSP   Renaissance Center   0   0   10,000   5,500,000   595,833   35,000   0   1,861,784   Unfunded Obligations Reserve
8   JPMCB   650 Poydras   7,555   0   0   54,833   402,577   0   0   301,729   Outstanding TI Reserve: 249,234; Free Rent Reserve: 52,495.30
9   GACC   Hagerstown Premium Outlets   0   0   0   0   0   0   0   0    
10   JPMCB   1000 Parkwood   3,545   0   0   17,725   306,131   0   0   311,456   Outstanding TI Reserve: 259,770; Free Rent Reserve: 51,686
11   JPMCB   7083 Hollywood Boulevard   0   0   0   0   0   0   0   101,221   Free Rent Reserve: 101,221.31
12   BSP   700 17th Street   0   0   0   450,000   122,251   21,353   0   212,150   Free Rent Reserve
13   JPMCB   Four Penn Center   8,710   0   0   0   292,298   0   0   0    
14   BSP   Aloft Milwaukee   0   0   2,313   0   0   19,055   0   1,401,113   PIP Reserve: 1,253,030.10; Seasonality Reserve: 148,083.36
15   JPMCB   Renaissance Providence Downtown Hotel   0   0   25,000   0   88,149   0   0   705,504   PIP Reserve
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   0   10,500   0   0   28,690   39,614   0   0    
16.01   BSP   Residence Inn Chesapeake                                    
16.02   BSP   Springhill Suites Norfolk                                    
17   BSP   RC Shoppes   0   0   0   150,000   212,865   11,150   0   50,000   Unfunded Obligations Reserve
18   SMF VI   Hotel Tybee   0   0   0   0   39,905   80,310   0   1,600,000   Earnout Reserve: 1,000,000; Seasonality Reserve: 600,000
19   BSP   K&G Marketplace   88,500   4,950   0   340,274   29,430   0   0   1,496,208   Tenant Refitting Reserve: 540,859; Specific Leasing Reserve: 443,704; Gap Rent Reserve: 292,305; Landlord Work Reserve: 219,340
20   BSP   2000 Glades Road   157,000   0   0   0   152,972   63,782   0   2,197,710   Credit Reserve: 842,430; Bank of America Renovation Reserve: 600,000; Accretive Leasing Reserve: 741,800; Rent Abatement Reserve: 13,479.63
21   GACC   Waltonwood at University   0   0   0   0   22,824   0   0   0    
22   SMF VI   Grass Valley Shopping Center   0   0   0   200,000   90,674   5,306   0   0    
23   BSP   Gateway of Grand Blanc   0   0   0   0   137,368   44,109   0   0    
24   SMF VI   TBC Place   0   0   0   250,000   135,133   6,510   0   1,232,604   Roof Reserve: 1,000,000; DaVita TI/LC Reserve: 189,583.96; AMEC Foster Wheeler TI Reserve: 43,020
25   SMF VI   Dollar General Portfolio   0   163,912   8,250   500,000   25,230   20,403   0   0    
25.01   SMF VI   4180 State Route 133                                    
25.02   SMF VI   1345 1st Street                                    
25.03   SMF VI   125 East Main Street                                    
25.04   SMF VI   835 7th Street                                    
25.05   SMF VI   747 Wooster Road North                                    
25.06   SMF VI   1350 Grandview Road                                    
25.07   SMF VI   3626 Cleveland Avenue South                                    
25.08   SMF VI   10787 Ensley Drive Northeast                                    
25.09   SMF VI   1622 Cleveland Road                                    
25.10   SMF VI   120 Plum Street North                                    
25.11   SMF VI   477 Oberlin Elyria Road                                    
25.12   SMF VI   5626 US Route 6                                    
25.13   SMF VI   18005 State Route 78                                    
25.14   SMF VI   8990 United Lane                                    
25.15   SMF VI   11180 Chardon Road                                    
25.16   SMF VI   3274 Winfield Road                                    
25.17   SMF VI   1016 East State Street                                    
25.18   SMF VI   3881 Columbus Road                                    
25.19   SMF VI   555 South Street Southeast                                    
25.20   SMF VI   223 East Kiracofe Avenue                                    
25.21   SMF VI   10891 West Main Street                                    
25.22   SMF VI   25 West Buckeye Street                                    
25.23   SMF VI   115 Citizens Parkway                                    
25.24   SMF VI   662 West Main Street                                    
25.25   SMF VI   330 East Main Street                                    
25.26   SMF VI   707 West Emmitt Avenue                                    
25.27   SMF VI   6711 Gilead Street                                    
26   GACC   Autumn Park Apartments   0   24,738   0   0   0   79,049   0   0    
27   BSP   Decatur Crossing   0   0   0   100,000   13,811   13,175   0   124,484   Free Rent Reserve: 92,102.37; Unfunded Obligations: 32,381.50
28   BSP   Hillside Flex Portfolio   0   0   0   150,000   38,482   10,597   0   0    
28.01   BSP   Hills Tech Research Park                                    
28.02   BSP   Andover Business Park                                    
29   BSP   Camelback Crossing   0   7,500   0   0   57,693   3,461   0   0    
30   JPMCB   417-425 North Eighth Street   3,183   13,650   0   12,661   11,200   0   0   1,304,000   Outstanding TI/LC Reserve: 828,693; Free Rent Reserve: 475,307
31   GACC   Sierra Forest   0   5,875   7,500   0   49,553   31,109   0   0    
32   SMF VI   Centre at Culpeper   0   0   0   250,000   37,879   3,192   0   500,000   Suite 15177 Reserve
33   BSP   Broomfield Corporate Center   0   0   0   0   344,411   18,668   0   0    
34   SMF VI   Abdo Retail Portfolio   0   21,000   0   0   61,612   4,742   46,173   0    
34.01   SMF VI   Six Quebec                                    
34.02   SMF VI   136th & Colorado                                    
34.03   SMF VI   Shadowglen Shopping Center                                    
35   GACC   Somerset Apartments San Antonio   0   345,661   0   0   83,891   0   0   0    
36   JPMCB   Best Western Plus Austin Central   0   0   0   0   0   0   530,814   1,770,434   Upflag PIP Reserve
37   SMF VI   Kohl’s Wichita Falls   0   0   0   0   0   3,767   0   0    
38   JPMCB   Hampton Inn & Suites Adairsville   7,897   0   0   0   6,120   0   0   0    
39   GACC   Space Coast Portfolio   0   7,188   0   0   0   20,000   0   0    
39.01   GACC   Galleria Executive Plaza                                    
39.02   GACC   Satellite Arms Apartments                                    
40   JPMCB   Starkville   4,463   21,563   0   0   69,356   15,374   0   0    
41   GACC   Holiday Inn Express Kanab   0   0   0   0   25,121   0   0   48,000   Seasonality Reserve
42   SMF VI   Hampton Inn – Beaumont   0   0   0   0   82,360   12,982   0   1,396,560   PIP Reserve
43   GACC   6627 Maple   0   0   0   150,000   35,000   0   0   0    
44   SMF VI   Destiny Phoenix West   0   33,708   0   0   19,146   3,834   0   150,260   Seasonality Reserve
45   BSP   11264 Corliss Avenue   550,000   0   0   75,000   86,793   0   0   889,943   Tenant Improvement Reserve: 530,000; Free Rent Reserve: 359,943.39
46   GACC   Holiday Inn Express Clermont   0   0   0   0   17,577   7,436   0   700,000   PIP Reserve: 600,000; Seasonality Working Capital Reserve: 100,000
47   SMF VI   North Kent Shopping Center   0   0   0   150,000   27,162   0   0   0    

 

 

   

 

 

ANNEX A-1

 

            MONTHLY ESCROW(17)
                                     
            Monthly Capex   Monthly Envir.   Monthly TI/LC   Monthly RE Tax   Monthly Ins.   Monthly Other   Other Monthly
Loan #   Seller(1)   Property Name   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Reserve ($)   Description ($)
1   JPMCB   Opry Mills   Springing   0   Springing   Springing   Springing   0    
2   JPMCB   Center 21   0   0   Springing   Springing   Springing   0    
3   JPMCB   693 Fifth Avenue   0   0   0   Springing   Springing   0    
4   JPMCB   Marriott Atlanta Buckhead   Springing   0   0   59,553   Springing   Springing   PIP Reserve
5   JPMCB   100 East Pratt   11,045   0   69,032   357,116   22,050   Springing   Lease Sweep Reserve: Springing; Lease Contraction Reserve: Springing
6   JPMCB   The Shops at Crystals   Springing   0   Springing   Springing   Springing   0    
7   BSP   Renaissance Center   9,551   0   59,693   119,167   11,667   0    
8   JPMCB   650 Poydras   7,555   0   54,833   57,600   Springing   Springing   GSA Reserve
9   GACC   Hagerstown Premium Outlets   Springing   0   Springing   Springing   Springing   0    
10   JPMCB   1000 Parkwood   3,545   0   17,725   34,015   Springing   Springing   Free Rent Reserve
11   JPMCB   7083 Hollywood Boulevard   0   0   Springing   Springing   Springing   0    
12   BSP   700 17th Street   3,802   0   15,209   40,750   2,669   0    
13   JPMCB   Four Penn Center   8,710   0   Springing   97,433   Springing   0    
14   BSP   Aloft Milwaukee   4% of Gross Revenues   0   0   52,624   3,811   Springing   Seasonality Reserve: Springing; PIP Reserve: Springing
15   JPMCB   Renaissance Providence Downtown Hotel   4% of Gross Revenues   0   0   35,081   Springing   Springing   PIP Reserve
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   4% of Gross Revenues   0   0   28,690   4,993   35,310   Seasonality Reserve: 35,310; PIP Reserve: Springing
16.01   BSP   Residence Inn Chesapeake                            
16.02   BSP   Springhill Suites Norfolk                            
17   BSP   RC Shoppes   879   0   Springing   26,608   5,575   0    
18   SMF VI   Hotel Tybee   4% of Gross Revenues   0   0   19,953   23,804   Springing   Seasonality Reserve
19   BSP   K&G Marketplace   368   0   2,575   7,357   Springing   0    
20   BSP   2000 Glades Road   990   0   4,997   19,122   9,112   0    
21   GACC   Waltonwood at University   3,050   0   0   3,532   Springing   0    
22   SMF VI   Grass Valley Shopping Center   3,061   0   6,396   15,113   1,769   0    
23   BSP   Gateway of Grand Blanc   6,398   0   0   19,624   6,301   0    
24   SMF VI   TBC Place   2,222   0   7,406   22,523   1,628   0    
25   SMF VI   Dollar General Portfolio   3,612   0   10,417   22,123   4,261   0    
25.01   SMF VI   4180 State Route 133                            
25.02   SMF VI   1345 1st Street                            
25.03   SMF VI   125 East Main Street                            
25.04   SMF VI   835 7th Street                            
25.05   SMF VI   747 Wooster Road North                            
25.06   SMF VI   1350 Grandview Road                            
25.07   SMF VI   3626 Cleveland Avenue South                            
25.08   SMF VI   10787 Ensley Drive Northeast                            
25.09   SMF VI   1622 Cleveland Road                            
25.10   SMF VI   120 Plum Street North                            
25.11   SMF VI   477 Oberlin Elyria Road                            
25.12   SMF VI   5626 US Route 6                            
25.13   SMF VI   18005 State Route 78                            
25.14   SMF VI   8990 United Lane                            
25.15   SMF VI   11180 Chardon Road                            
25.16   SMF VI   3274 Winfield Road                            
25.17   SMF VI   1016 East State Street                            
25.18   SMF VI   3881 Columbus Road                            
25.19   SMF VI   555 South Street Southeast                            
25.20   SMF VI   223 East Kiracofe Avenue                            
25.21   SMF VI   10891 West Main Street                            
25.22   SMF VI   25 West Buckeye Street                            
25.23   SMF VI   115 Citizens Parkway                            
25.24   SMF VI   662 West Main Street                            
25.25   SMF VI   330 East Main Street                            
25.26   SMF VI   707 West Emmitt Avenue                            
25.27   SMF VI   6711 Gilead Street                            
26   GACC   Autumn Park Apartments   6,600   0   0   13,776   7,905   0    
27   BSP   Decatur Crossing   936   0   7,019   4,604   1,318   0    
28   BSP   Hillside Flex Portfolio   2,428   0   8,902   12,827   1,514   0    
28.01   BSP   Hills Tech Research Park                            
28.02   BSP   Andover Business Park                            
29   BSP   Camelback Crossing   1,569   0   4,237   19,231   1,731   0    
30   JPMCB   417-425 North Eighth Street   3,183   0   12,661   11,200   Springing   0    
31   GACC   Sierra Forest   6,664   0   0   7,451   4,444   0    
32   SMF VI   Centre at Culpeper   911   0   3,037   5,515   798   0    
33   BSP   Broomfield Corporate Center   773   0   0   28,701   1,556   0    
34   SMF VI   Abdo Retail Portfolio   833   0   4,095   15,403   1,581   0    
34.01   SMF VI   Six Quebec                            
34.02   SMF VI   136th & Colorado                            
34.03   SMF VI   Shadowglen Shopping Center                            
35   GACC   Somerset Apartments San Antonio   4,780   0   0   20,048   Springing   0    
36   JPMCB   Best Western Plus Austin Central   Springing   0   0   14,191   Springing   Springing   PIP Reserve
37   SMF VI   Kohl’s Wichita Falls   910   0   0   Springing   538   0    
38   JPMCB   Hampton Inn & Suites Adairsville   4% of Gross Revenues   0   0   3,060   Springing   Springing   PIP Reserve
39   GACC   Space Coast Portfolio   1,786   0   4,142   7,086   5,876   0    
39.01   GACC   Galleria Executive Plaza                            
39.02   GACC   Satellite Arms Apartments                            
40   JPMCB   Starkville   4,463   0   0   17,339   5,125   0    
41   GACC   Holiday Inn Express Kanab   4% of Gross Revenues   0   0   4,187   Springing   24,000   Seasonality Reserve: 24,000; PIP Reserve: Springing
42   SMF VI   Hampton Inn – Beaumont   5% of Gross Revenues   0   0   13,727   4,328   0    
43   GACC   6627 Maple   545   0   Springing   Springing   Springing   Springing    
44   SMF VI   Destiny Phoenix West   1,183   0   0   3,830   1,278   Springing   Seasonality Reserve
45   BSP   11264 Corliss Avenue   0   0   3,147   17,359   Springing   0    
46   GACC   Holiday Inn Express Clermont   4% of Gross Revenues   0   0   4,394   3,718   Springing   PIP Reserve: Springing; Seasonality Working Capital Reserve: Springing
47   SMF VI   North Kent Shopping Center   2,681   0   5,114   5,125   Springing   0    

 

 

   

 

 

ANNEX A-1

 

            RESERVE CAPS(18)       LARGEST TENANT (3), (19), (20), (21)
                                                     
            CapEx   Envir.   TI/LC   RE Tax   Insur.   Debt Service   Other   Single           Lease
Loan #   Seller(1)   Property Name    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)    Reserve Cap ($)   Tenant   Largest Tenant   Unit Size   Expiration
1   JPMCB   Opry Mills   701,780       5,789,683                   No   Bass Pro Shops   130,131   04/30/20
2   JPMCB   Center 21           5,500,000                   No   Pandora Media, Inc.   183,783   09/30/20
3   JPMCB   693 Fifth Avenue                               No   Valentino   14,425   07/31/29
4   JPMCB   Marriott Atlanta Buckhead                               No            
5   JPMCB   100 East Pratt                               No   T. Rowe Price Associates, Inc.   443,235   12/31/27
6   JPMCB   The Shops at Crystals   104,931       4,440,000                   No   Louis Vuitton   22,745   12/31/19
7   BSP   Renaissance Center           6,500,000                   No   WellCare Health Plans, Inc.   378,412   02/28/23
8   JPMCB   650 Poydras                               No   GSA/DOJ   63,615   02/26/26
9   GACC   Hagerstown Premium Outlets   242,497       1,197,390                   No   Wolf Furniture and Outlet   66,829   05/31/19
10   JPMCB   1000 Parkwood   212,700       425,400                   No   Kemira Chemicals   45,950   03/31/24
11   JPMCB   7083 Hollywood Boulevard           1,400,000                   No   WeWork   35,792   11/30/24
12   BSP   700 17th Street                               No   Machol & Johannes, LLC   24,018   03/31/21
13   JPMCB   Four Penn Center                               No   Elsevier, Inc.   135,468   06/30/18
14   BSP   Aloft Milwaukee                           Seasonality Reserve: 148,083.36   No            
15   JPMCB   Renaissance Providence Downtown Hotel                               No            
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake                           PIP Reserve: 2,520,000   No            
16.01   BSP   Residence Inn Chesapeake                               No            
16.02   BSP   Springhill Suites Norfolk                               No            
17   BSP   RC Shoppes   31,650       150,000                   No   Alesandra Salon & Spa   5,937   07/31/19
18   SMF VI   Hotel Tybee                           600,000   No            
19   BSP   K&G Marketplace                               No   Selma’s Chicago Pizzeria   4,732   11/30/20
20   BSP   2000 Glades Road                               No   Bank of America   8,678   06/30/25
21   GACC   Waltonwood at University                               No            
22   SMF VI   Grass Valley Shopping Center                               No   Kmart   87,276   11/30/21
23   BSP   Gateway of Grand Blanc   300,000                           No            
24   SMF VI   TBC Place           500,000                   No   BD Tripath Oncology, Inc.   35,129   06/30/19
25   SMF VI   Dollar General Portfolio           1,000,000                   Yes            
25.01   SMF VI   4180 State Route 133                               Yes   Dollar General   8,125   05/31/24
25.02   SMF VI   1345 1st Street                               Yes   Dollar General   8,125   06/30/20
25.03   SMF VI   125 East Main Street                               Yes   Dollar General   8,125   03/31/24
25.04   SMF VI   835 7th Street                               Yes   Dollar General   8,125   04/30/24
25.05   SMF VI   747 Wooster Road North                               Yes   Dollar General   8,125   06/30/20
25.06   SMF VI   1350 Grandview Road                               Yes   Dollar General   8,125   06/30/20
25.07   SMF VI   3626 Cleveland Avenue South                               Yes   Dollar General   8,125   06/30/20
25.08   SMF VI   10787 Ensley Drive Northeast                               Yes   Dollar General   8,125   01/31/20
25.09   SMF VI   1622 Cleveland Road                               Yes   Dollar General   8,125   07/31/20
25.10   SMF VI   120 Plum Street North                               Yes   Dollar General   8,125   06/30/20
25.11   SMF VI   477 Oberlin Elyria Road                               Yes   Dollar General   8,125   06/30/20
25.12   SMF VI   5626 US Route 6                               Yes   Dollar General   8,125   02/29/24
25.13   SMF VI   18005 State Route 78                               Yes   Dollar General   8,000   11/30/17
25.14   SMF VI   8990 United Lane                               Yes   Dollar General   8,000   06/30/20
25.15   SMF VI   11180 Chardon Road                               Yes   Dollar General   8,125   06/30/20
25.16   SMF VI   3274 Winfield Road                               Yes   Dollar General   8,125   09/30/20
25.17   SMF VI   1016 East State Street                               Yes   Dollar General   8,000   04/30/22
25.18   SMF VI   3881 Columbus Road                               Yes   Dollar General   8,125   08/31/19
25.19   SMF VI   555 South Street Southeast                               Yes   Dollar General   9,014   01/31/20
25.20   SMF VI   223 East Kiracofe Avenue                               Yes   Dollar General   8,125   06/30/20
25.21   SMF VI   10891 West Main Street                               Yes   Dollar General   8,000   05/31/20
25.22   SMF VI   25 West Buckeye Street                               Yes   Dollar General   7,200   08/31/17
25.23   SMF VI   115 Citizens Parkway                               Yes   Dollar General   8,125   04/30/19
25.24   SMF VI   662 West Main Street                               Yes   Dollar General   8,000   11/30/17
25.25   SMF VI   330 East Main Street                               Yes            
25.26   SMF VI   707 West Emmitt Avenue                               Yes   Dollar General   8,000   10/31/17
25.27   SMF VI   6711 Gilead Street                               Yes            
26   GACC   Autumn Park Apartments                               No            
27   BSP   Decatur Crossing                               No   Pardee Homes of Nevada   16,130   08/31/20
28   BSP   Hillside Flex Portfolio           350,000                   No            
28.01   BSP   Hills Tech Research Park                               No   Master Millwork LLC   15,172   11/30/17
28.02   BSP   Andover Business Park                               No   Pi Innovo   12,135   09/30/19
29   BSP   Camelback Crossing   94,156       254,221                   No   Bashas’   54,408   05/31/23
30   JPMCB   417-425 North Eighth Street                               No   Bio-Medical Application   11,611   04/30/19
31   GACC   Sierra Forest                               No            
32   SMF VI   Centre at Culpeper           300,000                   No   Aldi   19,844   06/30/27
33   BSP   Broomfield Corporate Center                               Yes   TIAA-CREF   92,800   02/28/22
34   SMF VI   Abdo Retail Portfolio                               No            
34.01   SMF VI   Six Quebec                               No   Crown Bank   5,626   12/31/19
34.02   SMF VI   136th & Colorado                               No   Muttz Pet Goods & Gifts   3,536   07/31/21
34.03   SMF VI   Shadowglen Shopping Center                               No   Joe’s Neighborhood Bar   3,200   05/31/21
35   GACC   Somerset Apartments San Antonio                               No            
36   JPMCB   Best Western Plus Austin Central                               No            
37   SMF VI   Kohl’s Wichita Falls                               Yes   Kohl’s   110,763   01/31/27
38   JPMCB   Hampton Inn & Suites Adairsville                               No            
39   GACC   Space Coast Portfolio                               No            
39.01   GACC   Galleria Executive Plaza                               No   PHACIL   8,008   01/31/19
39.02   GACC   Satellite Arms Apartments                               No            
40   JPMCB   Starkville                               No            
41   GACC   Holiday Inn Express Kanab                           Seasonality Reserve: 168,000   No            
42   SMF VI   Hampton Inn – Beaumont                               No            
43   GACC   6627 Maple   32,725       109,088                   Yes   Amazon.com, Inc.   43,635   12/31/20
44   SMF VI   Destiny Phoenix West                           150,260   No            
45   BSP   11264 Corliss Avenue                               Yes   Polyair Corporation   145,000   03/31/26
46   GACC   Holiday Inn Express Clermont                           Seasonality Reserve: 100,000   No            
47   SMF VI   North Kent Shopping Center           300,000                   No   Family Farm & Home   40,000   01/02/21

 

 

   

 

 

ANNEX A-1

 

            2nd LARGEST TENANT (3), (19), (20), (21)   3rd LARGEST TENANT (3), (19), (20), (21)   4th LARGEST TENANT (3), (19), (20), (21)   5th LARGEST TENANT (3), (19), (20), (21)
                                                         
                    Lease           Lease           Lease           Lease
Loan #   Seller(1)   Property Name   2nd Largest Tenant   Unit Size   Expiration   3rd Largest Tenant   Unit Size   Expiration   4th Largest Tenant   Unit Size   Expiration   5th Largest Tenant   Unit Size   Expiration
1   JPMCB   Opry Mills   Regal Cinema   100,056   05/31/20   Dave & Buster’s   56,886   11/30/21   Forever 21   53,244   01/31/19   Bed Bath & Beyond   30,966   03/31/22
2   JPMCB   Center 21   Kaiser Foundation Health Plan, Inc.   96,002   12/31/22   Federal Bureau of Investigation   76,737   10/04/26   Cerexa, Inc.   49,311   05/31/20   iParadigms, LLC   48,912   06/30/25
3   JPMCB   693 Fifth Avenue   JDS Development Group   11,635   04/30/20   Pierson Capital   9,629   08/31/20   Carpenters Workshop Gallery   5,075   02/28/31   Louis Licari   4,847   05/31/25
4   JPMCB   Marriott Atlanta Buckhead                                                
5   JPMCB   100 East Pratt   Tydings & Rosenberg, LLP   37,539   07/31/17   Merrill Lynch   31,942   02/28/18   PricewaterhouseCoopers, LLP   31,942   06/30/17   Jones Lang LaSalle   23,956   04/30/20
6   JPMCB   The Shops at Crystals   Prada   15,525   12/31/19   Gucci   10,952   12/31/25   Tiffany & Co.   10,000   01/31/24   Ermenegildo Zegna   9,926   12/31/20
7   BSP   Renaissance Center   Capital One Services, LLC   153,812   08/31/24   Regions Bank   147   06/30/17                        
8   JPMCB   650 Poydras   Zehnder Communications   16,443   09/30/18   Regus Group   14,043   07/31/20   Shields Mott, LLP   11,100   06/30/18   Proskauer Rose LLP   10,978   12/31/19
9   GACC   Hagerstown Premium Outlets   Nike Factory Store   13,425   07/31/19   Reebok Outlet   9,911   07/31/18   Under Armour   9,532   07/31/23   Dress Barn   8,978   12/31/18
10   JPMCB   1000 Parkwood   Central Garden & Pet Co.   26,171   04/30/19   PIC Group   22,975   06/30/18   Primary Capital   22,975   08/31/20   Johnson Service Group   12,914   03/31/23
11   JPMCB   7083 Hollywood Boulevard   Live Nation   28,151   01/31/18   CJ 4Dplex   6,872   02/28/19   Roland & Pennington   4,510   09/30/16   Surkus   3,047   09/30/18
12   BSP   700 17th Street   TGS Management   19,119   10/31/19   First Citizens Bank & Trust   12,640   08/31/19   Colorado National Bank   11,777   09/30/19   Toma West Management Corp   6,876   06/30/28
13   JPMCB   Four Penn Center   Post & Schell   80,479   09/30/18   Federal Insurance Company   58,860   03/31/18   Bank of America   34,124   07/31/17   Ansa Assuncao   13,002   09/30/22
14   BSP   Aloft Milwaukee                                                
15   JPMCB   Renaissance Providence Downtown Hotel                                                
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake                                                
16.01   BSP   Residence Inn Chesapeake                                                
16.02   BSP   Springhill Suites Norfolk                                                
17   BSP   RC Shoppes   Verizon Wireless   4,205   01/31/21   Coppertan   3,889   02/29/20   Mattress 1 One   3,828   12/31/20   Sage Dental   3,601   07/31/24
18   SMF VI   Hotel Tybee                                                
19   BSP   K&G Marketplace   Verizon Wireless   4,556   07/31/18   Luna Grill   2,408   08/31/26   Rubios Restaurant, Inc.   2,216   11/30/20   Starbucks   2,000   02/28/21
20   BSP   2000 Glades Road   Nomet Management Corp   7,276   05/31/31   Wells Fargo Home Mortgage   4,920   09/30/19   Flagstar Bank, NA   4,489   02/28/21   Biener, Inkeles and Horvitz, PA   2,818   09/30/18
21   GACC   Waltonwood at University                                                
22   SMF VI   Grass Valley Shopping Center   SPD Market   25,153   01/31/18   Big 5 Sporting Goods   9,686   01/31/18   Mountain Mike’s Pizza   3,337   01/31/17   All Seasons Pools & Spas   3,009   03/31/19
23   BSP   Gateway of Grand Blanc                                                
24   SMF VI   TBC Place   AMEC Foster Wheeler   32,057   05/31/19   ITT Educational Services   24,334   01/31/21   Charles River Laboratory   12,239   06/20/19   DaVita   10,753   08/31/28
25   SMF VI   Dollar General Portfolio                                                
25.01   SMF VI   4180 State Route 133                                                
25.02   SMF VI   1345 1st Street                                                
25.03   SMF VI   125 East Main Street                                                
25.04   SMF VI   835 7th Street                                                
25.05   SMF VI   747 Wooster Road North                                                
25.06   SMF VI   1350 Grandview Road                                                
25.07   SMF VI   3626 Cleveland Avenue South                                                
25.08   SMF VI   10787 Ensley Drive Northeast                                                
25.09   SMF VI   1622 Cleveland Road                                                
25.10   SMF VI   120 Plum Street North                                                
25.11   SMF VI   477 Oberlin Elyria Road                                                
25.12   SMF VI   5626 US Route 6                                                
25.13   SMF VI   18005 State Route 78                                                
25.14   SMF VI   8990 United Lane                                                
25.15   SMF VI   11180 Chardon Road                                                
25.16   SMF VI   3274 Winfield Road                                                
25.17   SMF VI   1016 East State Street                                                
25.18   SMF VI   3881 Columbus Road                                                
25.19   SMF VI   555 South Street Southeast                                                
25.20   SMF VI   223 East Kiracofe Avenue                                                
25.21   SMF VI   10891 West Main Street                                                
25.22   SMF VI   25 West Buckeye Street                                                
25.23   SMF VI   115 Citizens Parkway                                                
25.24   SMF VI   662 West Main Street                                                
25.25   SMF VI   330 East Main Street                                                
25.26   SMF VI   707 West Emmitt Avenue                                                
25.27   SMF VI   6711 Gilead Street                                                
26   GACC   Autumn Park Apartments                                                
27   BSP   Decatur Crossing   Elan Marketing, Inc.   14,419   11/30/16   RMI Management, LLC   13,818   09/30/18   Blue Heron Companies, LLC   8,225   05/15/19   Smart Software Solutions, Inc   6,725   05/31/20
28   BSP   Hillside Flex Portfolio                                                
28.01   BSP   Hills Tech Research Park   Global Technology Ventures, Inc.   9,696   09/30/18   St. Claire Inc   9,253   05/31/20   SEI Inc   7,325   10/31/19   Porter One Design LLC   6,740   09/30/19
28.02   BSP   Andover Business Park   SaarGummi Tennessee, Inc   6,300   09/30/16   Havis   6,000   01/31/20   Verita Telecommunications Corporation   4,950   06/30/21   Accellos, Inc.   4,950   12/31/20
29   BSP   Camelback Crossing   Walgreens   14,560   11/30/78   Barro’s Pizza   3,145   12/31/25   Complete Pet Animal Hospital   2,200   08/31/17   Tasty Asian Kitchen   2,066   05/31/19
30   JPMCB   417-425 North Eighth Street   Penn Lighting   10,800   02/28/23   ARC   10,800   01/31/24   Venturef0rth, LLC   10,800   11/30/20   Replica Global   7,687   02/28/21
31   GACC   Sierra Forest                                                
32   SMF VI   Centre at Culpeper   Rent-A-Center   5,000   09/30/18   Mattress Warehouse   3,800   04/30/17   China Garden Buffet   3,800   08/31/17   Neibauer Dental Care   2,889   05/31/21
33   BSP   Broomfield Corporate Center                                                
34   SMF VI   Abdo Retail Portfolio                                                
34.01   SMF VI   Six Quebec   Abdo Markethouse   3,335   03/31/21   Indian Kitchen   2,557   04/30/17   Taco Johns   1,346   10/31/19   My Burger   1,004   12/03/22
34.02   SMF VI   136th & Colorado   Comfort Dental   3,460   05/15/21   Pho 9 Asian Restaurant & Grill   2,192   03/31/21   Papa Murphys   1,330   12/31/20   Edward Jones   1,210   03/31/20
34.03   SMF VI   Shadowglen Shopping Center   Preferred Vacuum   2,400   06/30/17   Bimbo Bakeries USA, Inc.   1,800   02/05/18   Flintridge House of Spirits   1,600   06/30/22   London’s Soul Food   1,600   04/30/18
35   GACC   Somerset Apartments San Antonio                                                
36   JPMCB   Best Western Plus Austin Central                                                
37   SMF VI   Kohl’s Wichita Falls                                                
38   JPMCB   Hampton Inn & Suites Adairsville                                                
39   GACC   Space Coast Portfolio                                                
39.01   GACC   Galleria Executive Plaza   ASRC Aerospace   5,715   11/30/19   Lighting Science   5,586   10/31/16   SunTrust   4,590   01/31/17   ManTech   4,442   01/01/20
39.02   GACC   Satellite Arms Apartments                                                
40   JPMCB   Starkville                                                
41   GACC   Holiday Inn Express Kanab                                                
42   SMF VI   Hampton Inn – Beaumont                                                
43   GACC   6627 Maple                                                
44   SMF VI   Destiny Phoenix West                                                
45   BSP   11264 Corliss Avenue                                                
46   GACC   Holiday Inn Express Clermont                                                
47   SMF VI   North Kent Shopping Center   Dunham’s Sports   30,000   01/31/19   Dollar Tree   14,400   08/31/23                        

 

 

   

 

 

ANNEX A-1

 

                            Pari Passu Debt
                                Pari Passu   Pari Passu   Pari Passu   Total Cut-off
            Loan       Lockbox   Lockbox   Pari Passu   Note Control   Piece  In Trust   Piece Non Trust   Date Pari
Loan #   Seller(1)   Property Name   Purpose   Principal / Carveout Guarantor(22)    (Y/N)    Type(23)   (Y/N)   (Y/N)   Cut-Off Balance   Cut-Off Balance   Passu Debt
1   JPMCB   Opry Mills   Refinance   Simon Property Group, L.P.   Yes   CMA   Yes   Yes   80,000,000   295,000,000   375,000,000
2   JPMCB   Center 21   Recapitalization   CIM Commercial Trust Corporation   Yes   CMA   Yes   No   80,000,000   83,000,000   163,000,000
3   JPMCB   693 Fifth Avenue   Acquisition   Marc de Lacharrière   Yes   Hard   Yes   No   65,000,000   185,000,000   250,000,000
4   JPMCB   Marriott Atlanta Buckhead   Refinance   HRO Funding LLC, Atrium Leveraged Loan Fund, LLC   Yes   Hard   No   NAP   NAP   NAP   NAP
5   JPMCB   100 East Pratt   Acquisition   Dennis Troesh   Yes   CMA   Yes   No   50,400,000   60,000,000   110,400,000
6   JPMCB   The Shops at Crystals   Recapitalization   Simon Property Group, L.P., ICRE REIT Holdings   Yes   CMA   Yes   No   50,000,000   332,700,000   382,700,000
7   BSP   Renaissance Center   Acquisition   Dennis Troesh   Yes   CMA   Yes   Yes   40,360,000   30,240,000   70,600,000
8   JPMCB   650 Poydras   Refinance   William Z. Hertz, Isaac Hertz, Sarah Hertz   Yes   Hard   No   NAP   NAP   NAP   NAP
9   GACC   Hagerstown Premium Outlets   Refinance   Simon Property Group, L.P.   Yes   CMA   Yes   Yes   31,000,000   46,000,000   77,000,000
10   JPMCB   1000 Parkwood   Acquisition   Adventus Holdings LP   Yes   CMA   No   NAP   NAP   NAP   NAP
11   JPMCB   7083 Hollywood Boulevard   Recapitalization   CIM Commercial Trust Corporation   Yes   CMA   No   NAP   NAP   NAP   NAP
12   BSP   700 17th Street   Refinance   Kenneth Grant   Yes   CMA   No   NAP   NAP   NAP   NAP
13   JPMCB   Four Penn Center   Refinance   Prism Office Holdings LLC   Yes   Hard   Yes   No   20,925,000   48,000,000   68,925,000
14   BSP   Aloft Milwaukee   Refinance   Randall G. Erkert, Mark Flaherty, Edward G. Carow, Kyle Strigenz, David Florsheim   Yes   CMA   No   NAP   NAP   NAP   NAP
15   JPMCB   Renaissance Providence Downtown Hotel   Refinance   TH Investment Holdings II, LLC   Yes   CMA   Yes   No   19,908,869   24,886,087   44,794,956
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   Refinance   Malay H. Thakkar, Neel D. Desai   Yes   Hard   No   NAP   NAP   NAP   NAP
16.01   BSP   Residence Inn Chesapeake                                    
16.02   BSP   Springhill Suites Norfolk                                    
17   BSP   RC Shoppes   Refinance   James A. Comparato, Carl E. Klepper, Jr   Yes   Springing   No   NAP   NAP   NAP   NAP
18   SMF VI   Hotel Tybee   Refinance   Glenn Gistis, Christopher Gistis, Michael Sullivan, Lawrence Kasser   Yes   Springing   No   NAP   NAP   NAP   NAP
19   BSP   K&G Marketplace   Refinance   Joseph Goveia, Bruce Kahl   Yes   Springing   No   NAP   NAP   NAP   NAP
20   BSP   2000 Glades Road   Refinance   Sylvia Kanoff, Michael Kanoff   Yes   CMA   No   NAP   NAP   NAP   NAP
21   GACC   Waltonwood at University   Refinance   Gurmale S. Grewal, Jeat S. Grewal, Lushman S. Grewal   Yes   Springing   No   NAP   NAP   NAP   NAP
22   SMF VI   Grass Valley Shopping Center   Refinance   James C. Gianulias   Yes   Springing   No   NAP   NAP   NAP   NAP
23   BSP   Gateway of Grand Blanc   Refinance   Richard B. Broder, Todd A. Sachse   Yes   Springing   No   NAP   NAP   NAP   NAP
24   SMF VI   TBC Place   Acquisition   SPT CRE Property Holdings 2015, LLC   Yes   Springing   No   NAP   NAP   NAP   NAP
25   SMF VI   Dollar General Portfolio   Refinance   Ravinder Thota   Yes   Hard   No   NAP   NAP   NAP   NAP
25.01   SMF VI   4180 State Route 133                                    
25.02   SMF VI   1345 1st Street                                    
25.03   SMF VI   125 East Main Street                                    
25.04   SMF VI   835 7th Street                                    
25.05   SMF VI   747 Wooster Road North                                    
25.06   SMF VI   1350 Grandview Road                                    
25.07   SMF VI   3626 Cleveland Avenue South                                    
25.08   SMF VI   10787 Ensley Drive Northeast                                    
25.09   SMF VI   1622 Cleveland Road                                    
25.10   SMF VI   120 Plum Street North                                    
25.11   SMF VI   477 Oberlin Elyria Road                                    
25.12   SMF VI   5626 US Route 6                                    
25.13   SMF VI   18005 State Route 78                                    
25.14   SMF VI   8990 United Lane                                    
25.15   SMF VI   11180 Chardon Road                                    
25.16   SMF VI   3274 Winfield Road                                    
25.17   SMF VI   1016 East State Street                                    
25.18   SMF VI   3881 Columbus Road                                    
25.19   SMF VI   555 South Street Southeast                                    
25.20   SMF VI   223 East Kiracofe Avenue                                    
25.21   SMF VI   10891 West Main Street                                    
25.22   SMF VI   25 West Buckeye Street                                    
25.23   SMF VI   115 Citizens Parkway                                    
25.24   SMF VI   662 West Main Street                                    
25.25   SMF VI   330 East Main Street                                    
25.26   SMF VI   707 West Emmitt Avenue                                    
25.27   SMF VI   6711 Gilead Street                                    
26   GACC   Autumn Park Apartments   Refinance   Howard Yates, Mary Joan Yates   Yes   Springing   No   NAP   NAP   NAP   NAP
27   BSP   Decatur Crossing   Refinance   DT GRAT CS, LLC   Yes   Springing   No   NAP   NAP   NAP   NAP
28   BSP   Hillside Flex Portfolio   Acquisition/Refinance   Jaimey Roth, Jason Anstandig, Jason Biber   Yes   Springing   No   NAP   NAP   NAP   NAP
28.01   BSP   Hills Tech Research Park                                    
28.02   BSP   Andover Business Park                                    
29   BSP   Camelback Crossing   Acquisition   Maryam Arjmand   Yes   Springing   No   NAP   NAP   NAP   NAP
30   JPMCB   417-425 North Eighth Street   Refinance   Jeffrey M. Fish   Yes   Hard   No   NAP   NAP   NAP   NAP
31   GACC   Sierra Forest   Refinance   Ranjodh Singh Pannu, Gursharan Singh Pannu, Navreet Pannu   Yes   Springing   No   NAP   NAP   NAP   NAP
32   SMF VI   Centre at Culpeper   Acquisition   SPT CRE Property Holdings 2015, LLC   Yes   Springing   No   NAP   NAP   NAP   NAP
33   BSP   Broomfield Corporate Center   Acquisition   TechCore, LLC   Yes   CMA   No   NAP   NAP   NAP   NAP
34   SMF VI   Abdo Retail Portfolio   Refinance   Lawrence W. Abdo   Yes   Springing   No   NAP   NAP   NAP   NAP
34.01   SMF VI   Six Quebec                                    
34.02   SMF VI   136th & Colorado                                    
34.03   SMF VI   Shadowglen Shopping Center                                    
35   GACC   Somerset Apartments San Antonio   Refinance   Benjamin Nazarian, Neil Kadisha   Yes   CMA   No   NAP   NAP   NAP   NAP
36   JPMCB   Best Western Plus Austin Central   Acquisition   Bart Baum, Alan Mindel   Yes   CMA   No   NAP   NAP   NAP   NAP
37   SMF VI   Kohl’s Wichita Falls   Acquisition   Martin Elias   Yes   Hard   No   NAP   NAP   NAP   NAP
38   JPMCB   Hampton Inn & Suites Adairsville   Refinance   Kantilal Patel, Narendra Patel, Sanmukh Patel, Balvant Patel, Gordhanbhai Patel   Yes   Springing   No   NAP   NAP   NAP   NAP
39   GACC   Space Coast Portfolio   Refinance   Ori Tal   Yes   Hard   No   NAP   NAP   NAP   NAP
39.01   GACC   Galleria Executive Plaza                                    
39.02   GACC   Satellite Arms Apartments                                    
40   JPMCB   Starkville   Refinance   Charles E. Morgan   Yes   Soft   No   NAP   NAP   NAP   NAP
41   GACC   Holiday Inn Express Kanab   Refinance   PEG Development, LLC   Yes   CMA   No   NAP   NAP   NAP   NAP
42   SMF VI   Hampton Inn – Beaumont   Acquisition   Abbas Hemani, Shiraz Virani, Aamir Bhai, Salim Charolia   Yes   Springing   No   NAP   NAP   NAP   NAP
43   GACC   6627 Maple   Recapitalization   Richard M. Boyd   Yes   Hard   No   NAP   NAP   NAP   NAP
44   SMF VI   Destiny Phoenix West   Acquisition   James Watson   Yes   Springing   No   NAP   NAP   NAP   NAP
45   BSP   11264 Corliss Avenue   Refinance   Chet Balder   Yes   CMA   No   NAP   NAP   NAP   NAP
46   GACC   Holiday Inn Express Clermont   Acquisition   Dipak K. Patidar, Bharat Patel   Yes   Springing   No   NAP   NAP   NAP   NAP
47   SMF VI   North Kent Shopping Center   Refinance   Daniel L. Stern, Christopher G. Brochert, Arie Leibovitz, Sills Enterprises, LLC   Yes   Springing   No   NAP   NAP   NAP   NAP

 

 

   

 

 

ANNEX A-1

 

            Additional Debt(24)       Total Debt
                        Additional               Total Debt       Total Debt
            Addit Debt   Addit Debt   Additional   Debt Cut off   Additional Debt       Total Debt    UW NCF   Total Debt    UW NOI
Loan #   Seller(1)   Property Name   Permitted (Y/N)   Exist (Y/N)   Debt Type(s)   Date Balance   Interest Rate        Cut-off Balance    DSCR   Current LTV %    Debt Yield %
1   JPMCB   Opry Mills   No   No   NAP   NAP   NAP       375,000,000   2.33   50.8%   10.1%
2   JPMCB   Center 21   Yes   No   Permitted Mezzanine/Permitted Preferred Equity   NAP   NAP       163,000,000   2.01   59.3%   9.7%
3   JPMCB   693 Fifth Avenue   No   No   NAP   NAP   NAP       250,000,000   1.00   47.6%   6.4%
4   JPMCB   Marriott Atlanta Buckhead   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
5   JPMCB   100 East Pratt   No   No   NAP   NAP   NAP       110,400,000   1.85   58.8%   12.5%
6   JPMCB   The Shops at Crystals   No   Yes   Subordinate Debt   167,300,000   3.74400       550,000,000   2.28   50.0%   9.0%
7   BSP   Renaissance Center   No   No   NAP   NAP   NAP       70,600,000   1.56   63.9%   10.3%
8   JPMCB   650 Poydras   No   Yes   Mezzanine Loan   4,400,000   11.90000       42,700,000   1.34   80.0%   10.8%
9   GACC   Hagerstown Premium Outlets   No   No   NAP   NAP   NAP       77,000,000   2.34   51.3%   14.8%
10   JPMCB   1000 Parkwood   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
11   JPMCB   7083 Hollywood Boulevard   Yes   No   Permitted Mezzanine/Permitted Preferred Equity   NAP   NAP       NAP   NAP   NAP   NAP
12   BSP   700 17th Street   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
13   JPMCB   Four Penn Center   No   No   NAP   NAP   NAP       68,925,000   1.35   75.0%   10.1%
14   BSP   Aloft Milwaukee   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
15   JPMCB   Renaissance Providence Downtown Hotel   No   No   NAP   NAP   NAP       44,794,956   1.51   61.4%   9.8%
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   No   Yes   Mezzanine Loan   3,500,000   8.10457       23,217,217   1.56   64.5%   12.2%
16.01   BSP   Residence Inn Chesapeake                               1.56   64.5%   12.2%
16.02   BSP   Springhill Suites Norfolk                               1.56   64.5%   12.2%
17   BSP   RC Shoppes   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
18   SMF VI   Hotel Tybee   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
19   BSP   K&G Marketplace   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
20   BSP   2000 Glades Road   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
21   GACC   Waltonwood at University   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
22   SMF VI   Grass Valley Shopping Center   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
23   BSP   Gateway of Grand Blanc   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
24   SMF VI   TBC Place   Yes   No   Permitted Mezzanine   NAP   NAP       NAP   NAP   NAP   NAP
25   SMF VI   Dollar General Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
25.01   SMF VI   4180 State Route 133                               NAP   NAP   NAP
25.02   SMF VI   1345 1st Street                               NAP   NAP   NAP
25.03   SMF VI   125 East Main Street                               NAP   NAP   NAP
25.04   SMF VI   835 7th Street                               NAP   NAP   NAP
25.05   SMF VI   747 Wooster Road North                               NAP   NAP   NAP
25.06   SMF VI   1350 Grandview Road                               NAP   NAP   NAP
25.07   SMF VI   3626 Cleveland Avenue South                               NAP   NAP   NAP
25.08   SMF VI   10787 Ensley Drive Northeast                               NAP   NAP   NAP
25.09   SMF VI   1622 Cleveland Road                               NAP   NAP   NAP
25.10   SMF VI   120 Plum Street North                               NAP   NAP   NAP
25.11   SMF VI   477 Oberlin Elyria Road                               NAP   NAP   NAP
25.12   SMF VI   5626 US Route 6                               NAP   NAP   NAP
25.13   SMF VI   18005 State Route 78                               NAP   NAP   NAP
25.14   SMF VI   8990 United Lane                               NAP   NAP   NAP
25.15   SMF VI   11180 Chardon Road                               NAP   NAP   NAP
25.16   SMF VI   3274 Winfield Road                               NAP   NAP   NAP
25.17   SMF VI   1016 East State Street                               NAP   NAP   NAP
25.18   SMF VI   3881 Columbus Road                               NAP   NAP   NAP
25.19   SMF VI   555 South Street Southeast                               NAP   NAP   NAP
25.20   SMF VI   223 East Kiracofe Avenue                               NAP   NAP   NAP
25.21   SMF VI   10891 West Main Street                               NAP   NAP   NAP
25.22   SMF VI   25 West Buckeye Street                               NAP   NAP   NAP
25.23   SMF VI   115 Citizens Parkway                               NAP   NAP   NAP
25.24   SMF VI   662 West Main Street                               NAP   NAP   NAP
25.25   SMF VI   330 East Main Street                               NAP   NAP   NAP
25.26   SMF VI   707 West Emmitt Avenue                               NAP   NAP   NAP
25.27   SMF VI   6711 Gilead Street                               NAP   NAP   NAP
26   GACC   Autumn Park Apartments   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
27   BSP   Decatur Crossing   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
28   BSP   Hillside Flex Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
28.01   BSP   Hills Tech Research Park                               NAP   NAP   NAP
28.02   BSP   Andover Business Park                               NAP   NAP   NAP
29   BSP   Camelback Crossing   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
30   JPMCB   417-425 North Eighth Street   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
31   GACC   Sierra Forest   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
32   SMF VI   Centre at Culpeper   Yes   No   Permitted Mezzanine   NAP   NAP       NAP   NAP   NAP   NAP
33   BSP   Broomfield Corporate Center   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
34   SMF VI   Abdo Retail Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
34.01   SMF VI   Six Quebec                               NAP   NAP   NAP
34.02   SMF VI   136th & Colorado                               NAP   NAP   NAP
34.03   SMF VI   Shadowglen Shopping Center                               NAP   NAP   NAP
35   GACC   Somerset Apartments San Antonio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
36   JPMCB   Best Western Plus Austin Central   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
37   SMF VI   Kohl’s Wichita Falls   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
38   JPMCB   Hampton Inn & Suites Adairsville   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
39   GACC   Space Coast Portfolio   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
39.01   GACC   Galleria Executive Plaza                               NAP   NAP   NAP
39.02   GACC   Satellite Arms Apartments                               NAP   NAP   NAP
40   JPMCB   Starkville   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
41   GACC   Holiday Inn Express Kanab   Yes   No   Permitted Mezzanine   NAP   NAP       NAP   NAP   NAP   NAP
42   SMF VI   Hampton Inn – Beaumont   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
43   GACC   6627 Maple   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
44   SMF VI   Destiny Phoenix West   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
45   BSP   11264 Corliss Avenue   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
46   GACC   Holiday Inn Express Clermont   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP
47   SMF VI   North Kent Shopping Center   No   No   NAP   NAP   NAP       NAP   NAP   NAP   NAP

 

 

   

 

 

ANNEX A-1

 

            HOTEL OPERATING STATISTICS    
                                                                         
            2013   2013   2013   2014   2014   2014   2015   2015   2015   Most Recent   Most Recent   Most Recent   UW   UW   UW    
Loan #   Seller(1)   Property Name   Occupancy %    ADR ($)    RevPAR ($)    Occupancy %    ADR ($)    RevPAR ($)    Occupancy %    ADR ($)    RevPAR ($)    Occupancy %   ADR ($)    RevPAR ($)   Occupancy %    ADR ($)    RevPAR ($)   Loan #
1   JPMCB   Opry Mills                                                               1
2   JPMCB   Center 21                                                               2
3   JPMCB   693 Fifth Avenue                                                               3
4   JPMCB   Marriott Atlanta Buckhead   76.2%   133.42   101.71   75.1%   143.64   107.94   78.8%   146.77   115.66   79.7%   149.05   118.73   79.7%   149.05   118.73   4
5   JPMCB   100 East Pratt                                                               5
6   JPMCB   The Shops at Crystals                                                               6
7   BSP   Renaissance Center                                                               7
8   JPMCB   650 Poydras                                                               8
9   GACC   Hagerstown Premium Outlets                                                               9
10   JPMCB   1000 Parkwood                                                               10
11   JPMCB   7083 Hollywood Boulevard                                                               11
12   BSP   700 17th Street                                                               12
13   JPMCB   Four Penn Center                                                               13
14   BSP   Aloft Milwaukee   80.0%   121.68   97.33   79.0%   126.79   100.10   78.5%   135.91   106.67   80.0%   135.98   108.74   80.0%   135.98   108.74   14
15   JPMCB   Renaissance Providence Downtown Hotel   73.1%   162.82   119.09   74.3%   170.14   126.37   72.2%   180.15   130.09   73.6%   182.17   134.07   73.6%   182.17   134.07   15
16   BSP   Springhill Suites Norfolk & Residence Inn Chesapeake   69.8%   95.02   66.33   75.4%   96.93   73.11   75.1%   101.50   76.21   77.2%   103.60   80.02   77.2%   103.60   80.02   16
16.01   BSP   Residence Inn Chesapeake   75.8%   96.27   72.97   85.8%   98.38   84.45   80.6%   103.20   83.20   85.5%   105.25   90.03   85.5%   105.25   90.03   16.01
16.02   BSP   Springhill Suites Norfolk   64.3%   93.65   60.19   65.8%   95.19   62.63   70.0%   99.70   69.75   69.6%   101.72   70.77   69.6%   101.72   70.77   16.02
17   BSP   RC Shoppes                                                               17
18   SMF VI   Hotel Tybee   45.3%   143.16   64.82               49.0%   145.06   71.08   51.0%   146.43   74.68   51.0%   146.43   74.68   18
19   BSP   K&G Marketplace                                                               19
20   BSP   2000 Glades Road                                                               20
21   GACC   Waltonwood at University                                                               21
22   SMF VI   Grass Valley Shopping Center                                                               22
23   BSP   Gateway of Grand Blanc                                                               23
24   SMF VI   TBC Place                                                               24
25   SMF VI   Dollar General Portfolio                                                               25
25.01   SMF VI   4180 State Route 133                                                               25.01
25.02   SMF VI   1345 1st Street                                                               25.02
25.03   SMF VI   125 East Main Street                                                               25.03
25.04   SMF VI   835 7th Street                                                               25.04
25.05   SMF VI   747 Wooster Road North                                                               25.05
25.06   SMF VI   1350 Grandview Road                                                               25.06
25.07   SMF VI   3626 Cleveland Avenue South                                                               25.07
25.08   SMF VI   10787 Ensley Drive Northeast                                                               25.08
25.09   SMF VI   1622 Cleveland Road                                                               25.09
25.10   SMF VI   120 Plum Street North                                                               25.10
25.11   SMF VI   477 Oberlin Elyria Road                                                               25.11
25.12   SMF VI   5626 US Route 6                                                               25.12
25.13   SMF VI   18005 State Route 78                                                               25.13
25.14   SMF VI   8990 United Lane                                                               25.14
25.15   SMF VI   11180 Chardon Road                                                               25.15
25.16   SMF VI   3274 Winfield Road                                                               25.16
25.17   SMF VI   1016 East State Street                                                               25.17
25.18   SMF VI   3881 Columbus Road                                                               25.18
25.19   SMF VI   555 South Street Southeast                                                               25.19
25.20   SMF VI   223 East Kiracofe Avenue                                                               25.20
25.21   SMF VI   10891 West Main Street                                                               25.21
25.22   SMF VI   25 West Buckeye Street                                                               25.22
25.23   SMF VI   115 Citizens Parkway                                                               25.23
25.24   SMF VI   662 West Main Street                                                               25.24
25.25   SMF VI   330 East Main Street                                                               25.25
25.26   SMF VI   707 West Emmitt Avenue                                                               25.26
25.27   SMF VI   6711 Gilead Street                                                               25.27
26   GACC   Autumn Park Apartments                                                               26
27   BSP   Decatur Crossing                                                               27
28   BSP   Hillside Flex Portfolio                                                               28
28.01   BSP   Hills Tech Research Park                                                               28.01
28.02   BSP   Andover Business Park                                                               28.02
29   BSP   Camelback Crossing                                                               29
30   JPMCB   417-425 North Eighth Street                                                               30
31   GACC   Sierra Forest                                                               31
32   SMF VI   Centre at Culpeper                                                               32
33   BSP   Broomfield Corporate Center                                                               33
34   SMF VI   Abdo Retail Portfolio                                                               34
34.01   SMF VI   Six Quebec                                                               34.01
34.02   SMF VI   136th & Colorado                                                               34.02
34.03   SMF VI   Shadowglen Shopping Center                                                               34.03
35   GACC   Somerset Apartments San Antonio                                                               35
36   JPMCB   Best Western Plus Austin Central   53.5%   82.05   43.90   56.8%   84.56   48.00   67.1%   87.84   58.94               67.1%   87.84   58.94   36
37   SMF VI   Kohl’s Wichita Falls                                                               37
38   JPMCB   Hampton Inn & Suites Adairsville               74.6%   99.69   74.42   76.4%   105.03   80.24               76.4%   105.03   80.24   38
39   GACC   Space Coast Portfolio                                                               39
39.01   GACC   Galleria Executive Plaza                                                               39.01
39.02   GACC   Satellite Arms Apartments                                                               39.02
40   JPMCB   Starkville                                                               40
41   GACC   Holiday Inn Express Kanab   75.1%   102.49   76.93   75.9%   113.78   86.33   80.8%   127.46   103.00   82.8%   126.15   105.72   77.0%   131.96   101.61   41
42   SMF VI   Hampton Inn – Beaumont   65.0%   82.80   53.82   66.0%   87.44   57.71   72.1%   90.03   64.93   72.1%   89.98   64.89   72.1%   89.98   64.89   42
43   GACC   6627 Maple                                                               43
44   SMF VI   Destiny Phoenix West                                                               44
45   BSP   11264 Corliss Avenue                                                               45
46   GACC   Holiday Inn Express Clermont   59.8%   90.23   53.97   66.0%   98.04   64.68               65.5%   105.17   71.80   68.3%   105.17   71.80   46
47   SMF VI   North Kent Shopping Center                                                               47

 

 

   

 

 

Footnotes to Annex A-1
   
(1) “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “BSP” denotes Benefits Street Partners CRE Finance LLC, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation, as Mortgage Loan Seller and “SMF VI” denotes Starwood Mortgage Funding VI LLC, as Mortgage Loan Seller.

With respect to Loan No. 1, Opry Mills, the Opry Mills Whole Loan (as defined below) was co-originated by JPMCB and Citigroup Global Markets Realty Corp.  

With respect to Loan No. 5, 100 East Pratt, the 100 East Pratt Whole Loan (as defined below) was co-originated by JPMCB and BSP.

With respect to Loan No. 6, The Shops at Crystals, The Shops at Crystals Whole Loan (as defined below) was co-originated by JPMCB, Wells Fargo Bank, National Association and Bank of America, N.A.

With respect to Loan No. 41, Holiday Inn Express Kanab, the mortgage loan was originated by Deutsche Bank AG, New York Branch (an affiliate of GACC) and acquired by GACC.

With respect to Loan No. 43, 6627 Maple, the mortgage loan was originated by Deutsche Bank AG, New York Branch (an affiliate of GACC) and acquired by GACC.
   
(2) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

With respect to Loan No. 3, 693 Fifth Avenue, Total SF/Units consists of 82,089 square feet (85.1% of the net rentable area at the mortgaged property) of office space and 14,425 square feet (14.9% of the net rentable area at the mortgaged property) of retail space.

With respect to Loan No. 7, Renaissance Center, an affiliate of the borrower ground leases an approximately 4.2 acre parcel (out of a total of approximately 71.4 acres at the mortgaged property) from the borrower under a 99-year ground lease entered into at loan origination, whereby the affiliate (as ground tenant) is required to pay the borrower (as ground landlord) $10,000 per month in ground rent payments. Additionally, the loan sponsor is permitted to enter into a second ground lease for an approximately 1.26 acres parcel (whereby the affiliate (as ground tenant thereunder) will pay the borrower (as ground landlord thereunder) the greater of (x) $2,000.00 per month or (y) market rate at the time of execution, in ground rent payments) in order to accommodate the development of a daycare center, office space or amenity center for Capital One Services, LLC, WellCare Health Plans, Inc. and/or such other tenant as may be approved in writing by the lender, not to exceed 15,000 square feet. The Renaissance Center Whole Loan is structured with anti-poaching provisions to prevent the sponsor from moving tenants from the Renaissance Center property to the new expansion buildings.

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, the mortgaged property is subject to a condominium regime. The borrower owns one unit out of a two-unit condominium regime used for operation of a hotel ballroom and meeting space appurtenant to the operation of a hotel and related commercial and recreational activities. The borrower owns a 50% interest in the common elements and does not control the board.   

With respect to Loan No. 21, Waltonwood at University, the Occupancy % and UW Economic Occupancy figures exclude the four model units at the property in its denominator.

With respect to Loan No. 39, Space Coast Portfolio, the Original Balance per Unit ($) and Current Balance per Unit ($) for Galleria Executive Plaza are approximately $101 per square foot and approximately $100 per square foot, respectively based on 42,534 square feet. The Original Balance per Unit ($) and Current Balance per Unit ($) for Satellite Arms Apartments are approximately $68,750 per unit and approximately $68,262 per unit, respectively based on 36 units.

With respect to Loan No. 44, Destiny Phoenix West, Occupancy % reflects the trailing 12 months due to the seasonality of the mortgaged property. As of June 8, 2016, the property was approximately 51.8% occupied. The trailing three-month occupancy ending on March 31, 2016 was approximately 94.7%.
   
(3) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.

With respect to Loan No. 1, Opry Mills, four tenants, including the 8th largest tenant by net rentable area, Madame Tussauds, have executed their leases but have not yet taken occupancy and/or commenced paying rent.

With respect to Loan No. 2, Center 21, Occupancy % and UW Revenues ($) include four suites which have recently been leased by the Largest Tenant, Pandora Media, Inc., totaling approximately 99,871 square feet. The

 

 

   

 

 

 

  tenant has not yet taken occupancy of the new suites or commenced paying rent for such spaces. In addition, four tenants, including the 5th Largest Tenant, iParadigms, LLC, are entitled to abated or free rent periods. At origination, the borrower reserved $2,308,634 for the abated and free rent periods.

With respect to Loan No. 4, Marriott Atlanta Buckhead, approximately 31.2% of total UW Revenues ($) is attributable to the three food and beverage amenities at the related mortgaged property.

With respect to Loan No. 5, 100 East Pratt, two tenants, including the Largest Tenant, T. Rowe Price Associates, Inc., are entitled to abated or free rent periods. At origination, the borrower reserved $3,782,785 for the abated and free rent periods. In addition, approximately 9.3% of UW Revenues ($) is attributable to the parking garage at the mortgaged property.

With respect to Loan No. 6, The Shops at Crystals, three tenants, including the 18th largest tenant by net rentable area (3rd largest tenant upon expansion in December 2017), Hermès, have executed their leases but have not yet taken occupancy and/or commenced paying rent.

With respect to Loan No. 8, 650 Poydras, there are two tenants that are entitled to abated rent periods, including the 5th Largest Tenant, Proskauer Rose LLP. At origination, the borrower reserved $52,495 for the abated rent periods.

With respect to Loan Nos. 8 and 11, 650 Poydras and 7083 Hollywood Boulevard, approximately 11.4% and 14.8% of UW Revenues ($), respectively, is attributable to the related parking garages at the mortgaged properties.

With respect to Loan No. 10, 1000 Parkwood, the 12th largest tenant by net rentable area, ITOrizons, has executed its lease but has not yet taken occupancy and/or commenced paying rent and is entitled to abated or free rent periods. At origination, the borrower reserved $51,686 for the abated and free rent periods.

With respect to Loan No. 11, 7083 Hollywood Boulevard, the 2nd Largest Tenant, Live Nation, is entitled to two months of free rent. At origination, the borrower reserved $101,221 for the free rent periods.   
   
  With respect to Loan No. 12, 700 17th Street, Occupancy % and UW Revenues ($) include the 5th Largest Tenant, Toma West Management Corp (accounting for approximately 3.8% of net rentable area), which has a signed lease, but is not yet in occupancy and/or paying rent under its lease. In addition there are nine tenants that are entitled to abated or free rent periods. At origination, $212,150 was reserved for the abated and free rent periods.

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, Occupancy % represents the trailing 12 months ending April 30, 2016. Occupancy % was adjusted for the months of June, August and December 2015, which were impacted by room displacement as a result of guestroom work performed during those months as part of the property improvement plan (“PIP”) required by the related franchise agreement. The months of June, August and December 2015 were supplemented with 2014 performance for those calendar months in the adjusted analysis.

With respect to Loan No. 19, K&G Marketplace, Occupancy % and UW Revenues ($) include the 3rd Largest Tenant, Luna Grill, Dickey’s Barbecue Pit, Pink My Nails and Tropical Smoothie (collectively accounting for approximately 22.6% of net rentable area), which have signed leases but are not yet in occupancy and/or paying rent under their respective leases. At origination, $292,305 was reserved to account for the total underwritten rent in the period between the first payment date and the respective expected occupancy dates for each of the tenants.  

With respect to Loan No. 20, 2000 Glades Road, the 3rd Largest Tenant, Wells Fargo Home Mortgage, and the 5th Largest Tenant, Biener, Inkeles and Horvitz, PA, are entitled to free rent periods. At origination, the borrower reserved $13,480 for the free rent periods.

With respect to Loan No. 25, Dollar General Portfolio, the mortgaged properties identified as Dollar General Portfolio - 330 East Main Street and Dollar General Portfolio - 6711 Gilead Street are currently vacant and are underwritten as such.

With respect to Loan No. 26, Autumn Park Apartments, there are six tenants at the mortgaged property that receive Section 8 vouchers.

With respect to Loan No. 27, Decatur Crossing, the Largest Tenant, Pardee Homes of Nevada, the 2nd Largest Tenant, Elan Marketing, Inc., the 4th Largest Tenant, Blue Heron Companies, LLC, and six other tenants are entitled to free rent periods. At origination, the borrower reserved $92,102 for the free rent periods.

With respect to Loan No. 30, 417-425 North Eighth Street, the 5th Largest Tenant, 6th largest tenant by net rentable area and 7th largest tenant by net rentable area, Replica Global, NPower Pennsylvania and Jean

 

 

   

 

 

 

  Madeline, Inc., respectively, have executed their leases but have not yet taken occupancy and/or commenced paying rent. In addition, four tenants, including the 3rd Largest Tenant and the 5th Largest Tenant, ARC and Replica Global, respectively, are entitled to abated or free rent periods. At origination, the borrower reserved $475,307 for the abated and free rent periods.

With respect to Loan No. 32, Centre at Culpeper, Occupancy % and UW Revenues ($) include 19,844 square feet leased to the Largest Tenant, Aldi. Aldi currently occupies 16,180 square feet at the mortgaged property and is in negotiation to expand into Suite 15177 (3,664 square feet), but has not yet executed a lease, taken occupancy or begun paying rent on this additional space. At origination, the borrower deposited $500,000 into a Suite 15177 reserve related to the expansion space.

With respect to Loan No. 40, Starkville, there are four tenants at the mortgaged property that receive Section 8 vouchers.
   
  With respect to Loan No. 45, 11264 Corliss Avenue, the Largest Tenant and sole tenant, Polyair Corporation, is entitled to free rent periods. At origination, the borrower reserved $359,943 for the free rent periods.
   
(4) With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.

With respect to Loan No. 14, Aloft Milwaukee, the Appraised Value ($) represents the “upon completion” value of $31,400,000, which assumes that the PIP outstanding at origination will be completed by March 29, 2017. At origination, the borrower reserved $1,253,030 for the PIP, which represents 105% of the budgeted remaining cost to complete the PIP. The “as-is” value as of March 29, 2016 was $29,000,000, which results in a Current LTV % and Maturity LTV % of 68.9% and 57.4%, respectively.

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, the Appraised Value ($) represents the “as-complete” value of $73,000,000, which assumes that the PIP outstanding at origination is complete. At origination, the borrower was required to reserve $705,504 for the PIP, which represents the full estimated remaining cost to complete the PIP. The “as-is” value as of December 1, 2015 was $70,000,000, which results in a Current LTV % and Maturity LTV % of 64.0% and 52.9%, respectively.

With respect to Loan No. 19, K&G Marketplace, the Appraised Value ($) represents the “prospective as repositioned” value of $25,700,000 which assumes that the pad site is successfully repositioned with four tenants, which have already executed leases (Luna Grill, Dickey’s Barbecue Pit, Pink My Nails and Tropical Smoothie), taking occupancy at the property. At origination, $1,203,903 was reserved in escrow, representing all outstanding tenant improvements and leasing commissions, all required landlord work and 110% of the budgeted tenant refitting costs to demise the existing pad site into five spaces. The “as-is” value as of August 29, 2015 was $22,800,000, which results in a Current LTV % and Maturity LTV % of 68.6% and 60.9%, respectively.

With respect to Loan No. 30, 417-425 North Eighth Street, the Appraised Value ($) represents the “hypothetical as-is” value of $13,575,000, which assumes that all outstanding tenant improvements, leasing commissions and rent abatements have been paid. At origination, the borrower was required reserve $828,693 for outstanding tenant improvements and leasing commissions and $475,307 for outstanding free or abated rent periods related to tenants at the mortgaged property. The “as-is” value as of December 10, 2015 was $12,800,000, which results in a Current LTV % and Maturity LTV % of 78.0% and 64.3%, respectively.
   
  With respect to Loan No. 36, Best Western Plus Austin Central, the Appraised Value ($) represents the “hypothetical as complete” value of $13,000,000, which assumes that the PIP outstanding at origination is complete. At origination, the borrower was required reserve $1,770,434, which represents the full estimated remaining cost to complete the PIP. The “as-is” value as of November 1, 2015 was $11,000,000, which results in a Current LTV % and Maturity LTV % of 75.4% and 62.2%, respectively.

With respect to Loan No. 46, Holiday Inn Express Clermont, the Appraised Value ($) represents the hypothetical “prospective market value – upon completion/stabilization” value of $6,400,000 as of January 1, 2017, which assumes that the PIP outstanding at origination is complete. At origination, the borrower escrowed $600,000 (approximately 110% of the $543,151 estimated cost of the required PIP). The “as-is” value as of January 1, 2016 was $5,600,000, which results in a Current LTV % and Maturity LTV % of 71.1% and 59.5%, respectively.
   
(5) With respect to Loan No. 20, 2000 Glades Road, the Current LTV % is calculated using the outstanding principal balance as of the Cut-off date minus a credit reserve in the amount of $842,430 which was collected at origination. The credit reserve will be held in escrow as additional collateral, until the following conditions are met: (i) the debt service coverage ratio and debt yield, calculated by annualizing the underwritten cash flow for the two consecutive calendar quarters immediately preceding the date when the reserve is requested to be released, are at least 1.25x and 8.25%, respectively and (ii) the annualized gross rents, based on the gross rents

 

 

   

 

 

 

  for the two consecutive calendar quarters immediately preceding the date when the reserve is requested to be released, are not less than $2,180,000. The Current LTV % based on the full outstanding principal balance as of the Cut-off Date is 79.4%.
   
(6) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(7) With respect to Loan No. 1, Opry Mills, the mortgage loan is part of a whole loan with an original principal balance of $375,000,000 (the “Opry Mills Whole Loan”) which is comprised of five pari passu components (Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5). Note A-1 has an outstanding principal balance as of the Cut-off Date of $80,000,000 and is being contributed to the JPMCC 2016-JP2 Trust. Note A-2, Note A-3, Note A-4 and Note A-5 have an aggregate outstanding principal balance as of the Cut-off Date of $295,000,000 and are expected to be contributed to one or more future trusts. All loan level metrics are based on the Opry Mills Whole Loan balance.

With respect to Loan No. 2, Center 21, the mortgage loan is part of a whole loan with an original principal balance of $163,000,000 (the “Center 21 Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-1 has an outstanding principal balance as of the Cut-off Date of $80,000,000 and is being contributed to the JPMCC 2016-JP2 Trust. Note A-2, has an aggregate outstanding principal balance as of the Cut-off Date of $83,000,000 and is expected to be contributed to one or more future trusts. All loan level metrics are based on the Center 21 Whole Loan balance.

With respect to Loan No. 3, 693 Fifth Avenue, the mortgage loan is part of a whole loan with an original principal balance of $250,000,000 (the “693 Fifth Avenue Whole Loan”) which is comprised of four pari passu components (Note A-1, Note A-2, Note A-3 and Note A-4). Note A-1 has an outstanding principal balance as of the Cut-off Date of $65,000,000 and is being contributed to the JPMCC 2016-JP2 Trust. Note A-2, Note A-3 and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $185,000,000 and are expected to be contributed to one or more future trusts. All loan level metrics are based on the 693 Fifth Avenue Whole Loan balance.

With respect to Loan No. 5, 100 East Pratt, the mortgage loan is part of a whole loan with an original principal balance of $110,400,000 (the “100 East Pratt Whole Loan”) which is comprised of six pari passu components (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6). Note A-2, Note A-3, Note A-5 and Note A-6 have an aggregate outstanding principal balance as of the Cut-off Date of $50,400,000 and are being contributed to the JPMCC 2016-JP2 Trust. Note A-1 and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000 and were contributed to the JPMDB 2016-C2 trust. All loan level metrics are based on the 100 East Pratt Whole Loan balance.

With respect to Loan No. 6, The Shops at Crystals, the mortgage loan is part of a whole loan with an original principal balance of $550,000,000 (“The Shops at Crystals Whole Loan”), which is comprised of (i) two tranches of companion loans, each comprised of 11 pari passu notes (the A Notes consisting of Note A-1-A, Note A-2-A, Note A-3-A, Note A-1-B-1, Note A-1-B-2, Note A-2-B-1, Note A-2-B-2, Note A-2-B-3, Note A-3-B-1, Note A-3-B-2 and Note A-3-B-3; and the B Notes consisting of Note B-1-A, Note B-2-A, Note B-3-A, Note B-1-B-1, Note B-1-B-2, Note B-2-B-1, Note B-2-B-2, Note B-2-B-3, Note B-3-B-1, Note B-3-B-2 and Note B-3-B-3), and (ii) three subordinate companion loans, each comprised of three pari passu notes (the C Notes consisting of Note C-1, Note C-2 and Note C-3; the D Notes consisting of Note D-1, Note D-2 and Note D-3; and the E Notes consisting of Note E-1, Note E-2 and Note E-3).  Note A-1-B-1 and Note B-1-B-1 collectively have an outstanding principal balance as of the Cut-off Date of $50,000,000 (“The Shops at Crystals Mortgage Loan”) and are being contributed to the JPMCC 2016-JP2 Trust. The remaining A Notes and the B Notes collectively have an outstanding principal balance as of the Cut-off Date of $332,700,000 (“The Shops at Crystals Pari Passu Companion Loans”) and are expected to be contributed to a separate private CMBS securitization and one or more future securitization trusts. The C Notes, the D Notes and the E Notes collectively have an outstanding principal balance as of the Cut-off Date of $167,300,000 (“The Shops at Crystals Subordinate Companion Loans”) and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on The Shops at Crystals Whole Loan balance excluding The Shops at Crystals Subordinate Companion Loans.
   
  With respect to Loan No. 7, Renaissance Center, the mortgage loan is part of a whole loan with an original principal balance of $75,600,000 (the “Renaissance Center Whole Loan”) which is comprised of three pari passu components (Note A-1, Note A-2 and Note A-3). Note A-1 was paid down by $5,000,000 prior to securitization and the Renaissance Center Whole Loan has an outstanding principal balance as of the Cut-off Date of $70,600,000. Note A-1 and Note A-2, in aggregate, have an outstanding principal balance as of the Cut-off Date

 

 

   

 

 

 

  of $40,360,000 and are being contributed to the JPMCC 2016-JP2 Trust. Note A-3 has outstanding principal balance as of the Cut-off Date of $30,240,000 and is expected to be contributed to the SGCMS 2016-C5 trust. All loan level metrics are based on the Renaissance Center Whole Loan balance.

With respect to Loan No. 9, Hagerstown Premium Outlets, the mortgage loan is part of a whole loan with an original principal balance of $77,000,000 (the “Hagerstown Premium Outlets Whole Loan”) which is comprised of five pari passu components (Note A-1, Note A-2, Note A-3-A, Note A-3-B and Note A-4). Note A-2 and Note A-3-A (the “Hagerstown Premium Outlets Mortgage Loan”) have an aggregate outstanding principal balance as of the Cut-off Date of $31,000,000 and are being contributed to the JPMCC 2016-JP2 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $30,000,000 and was contributed to the DBJPM 2016-C1 trust. Note A-3-B and Note A-4 have an aggregate outstanding principal balance as of the Cut-off Date of $16,000,000 and are expected to be contributed to one or more future securitization trusts. All loan level metrics are based on the Hagerstown Premium Outlets Whole Loan balance.

With respect to Loan No. 13, Four Penn Center, the mortgage loan is part of a whole loan with an original principal balance of $68,925,000 (the “Four Penn Center Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $20,925,000 and is being contributed to the JPMCC 2016-JP2 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $48,000,000 and was contributed to the JPMDB 2016-C2 trust. All loan level metrics are based on the Four Penn Center Whole Loan balance.

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, the mortgage loan is part of a whole loan with an original principal balance of $45,000,000 (the “Renaissance Providence Downtown Hotel Whole Loan”) which is comprised of two pari passu components (Note A-1 and Note A-2). Note A-2 has an outstanding principal balance as of the Cut-off Date of $19,908,869 and is being contributed to the JPMCC 2016-JP2 Trust. Note A-1 has an outstanding principal balance as of the Cut-off Date of $24,886,087 and was contributed to the DBJPM 2016-C1 trust. All loan level metrics are based on the Renaissance Providence Downtown Hotel Whole Loan balance.
   
(8) Each number identifies a group of related borrowers.

With respect to Loan Nos. 5 and 18, 100 East Pratt and Hotel Tybee, the borrowers own the mortgaged property as tenants-in-common. Please see the section entitled “Risk Factors—Tenancies-in-Common May Hinder Recovery” for additional information.
   
(9) For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator fee rate), the Operating Advisor Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
   
(10) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
   
(11) With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.

With respect to Loan No. 16, Springhill Suites Norfolk & Residence Inn Chesapeake, the Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments based on the assumed principal payment schedule set forth on Annex G to this prospectus supplement. As such, the Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this principal payment schedule and a fixed interest rate of 5.80000%.
   
(12) The “L” component of the prepayment provision represents lockout payments.
The “Def” component of the prepayment provision represents defeasance payments.
The “YM” component of the prepayment provision represents yield maintenance payments.
The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

With respect to Loan No. 1, Opry Mills, the lockout period will be at least 24 payments beginning with and including the first payment on August 1, 2016. Defeasance of the full $375.0 million Opry Mills Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized (the “Opry Mills Defeasance Date”) and (ii) August 1, 2019. If the Opry Mills Defeasance Date has not occurred by August 1, 2019, the borrower is permitted to prepay the Opry Mills Whole Loan with the payment of a yield maintenance premium, except that any portion of the Opry Mills Whole Loan that has been securitized for more than two years from the closing date of such securitization must be

 

 

   

 

 

 

  defeased. The assumed lockout period is based on the expected JPMCC 2016-JP2 securitization closing date in July 2016. The actual lockout period may be longer.

With respect to Loan No. 2, Center 21, the lockout period will be at least 24 payments beginning with and including the first payment on August 1, 2016. Defeasance of the full $163.0 million Center 21 Whole Loan is permitted after the date that is the earlier of two years from the closing date of the securitization that includes the last pari passu note to be securitized (the “Center 21 Defeasance Date”). If the Center 21 Defeasance Date has not occurred by August 1, 2019, the borrower is permitted to prepay the Center 21 Whole Loan with the payment of a yield maintenance premium. The assumed lockout period is based on the expected JPMCC 2016-JP2 securitization closing date in July 2016. The actual lockout period may be longer.

With respect to Loan No. 6, The Shops at Crystals, the lockout period will be at least 24 payments beginning with and including the first payment on August 1, 2016. Defeasance of the full $550.0 million The Shops at Crystals Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized (“The Shops at Crystals Defeasance Date”) and (ii) August 1, 2019. If The Shops at Crystals Defeasance Date has not occurred by August 1, 2019, the borrower is permitted to prepay The Shops at Crystals Whole Loan with the payment of a yield maintenance premium, except that any portion of The Shops at Crystals Whole Loan that has been securitized for more than two years from the closing date of such securitization must be defeased. The assumed lockout period is based on the expected JPMCC 2016-JP2 securitization closing date in July 2016. The actual lockout period may be longer.

With respect to Loan No. 9, Hagerstown Premium Outlets, the lockout period will be at least 29 payments beginning with and including the first payment on March 6, 2016. Defeasance of the full $77.0 million Hagerstown Premium Outlets Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) March 6, 2019. The assumed lockout period of 29 payments is based on the expected JPMCC 2016-JP2 securitization closing date in July 2016. The actual lockout period may be longer.
   
 

With respect to Loan No. 16, Springhill Suites Norfolk & Residence Inn Chesapeake, after the date that is 36 months following the First Payment Date and prior to the open period start date, the borrowers may partially defease the loan if the following conditions, among others, are satisfied: (i) a release price of 125% of the allocated loan amount for such release property, (ii) in connection with the release of either property, the borrowers will deposit into the PIP reserve sufficient funds such that the total amount on deposit in the PIP reserve with respect to the remaining property is at least $10,000 per room, (iii) the post-defeasance debt service coverage ratio for the undefeased note will be not less than the greatest of (a) 1.77x, (b) the debt service coverage ratio as of the origination date and (c) the debt service coverage ratio as of the partial defeasance date based on income from both the release property and the remaining property and (iv) the post-defeasance loan-to-value ratio for the remaining property will not exceed the least of (a) 60%, (b) the loan-to-value ratio as of the origination date and (c) the loan-to-value ratio for both the release property and the remaining property as of the partial defeasance date.

With respect to Loan No. 25, Dollar General Portfolio, if a lessee to any oil and gas lease on any of the mortgaged properties identified as Dollar General Portfolio - 10787 Ensley Drive Northeast, Dollar General Portfolio - 18005 State Route 78, Dollar General Portfolio - 1016 East State Street and Dollar General Portfolio - 3881 Columbus Road has delivered notice of its intent to or has commenced drilling on such mortgaged property or otherwise disturbs the surface of the mortgaged property in any manner that causes a disruption to the operation of the mortgaged property, at the option of the lender, the borrower will be required to release the mortgaged property from the collateral for the mortgage loan and satisfy certain conditions, including (a) the borrower is required to prepay the mortgage loan in an amount equal to the greatest of (i) 120% of the allocated loan amount for such mortgaged property, (ii) an amount which would result in the debt service coverage ratio on the then remaining balance of the mortgage loan for the property remaining after giving effect to the release being not less than 1.31x, as determined by the lender in its sole discretion, (iii) an amount which would result in the Current LTV % on the then remaining balance of the mortgage loan for the mortgaged property remaining after giving effect to the release being not greater than 74.5%, as determined by the lender in its sole discretion and (iv) an amount which would result in the debt yield on the then remaining balance of the mortgage loan for the mortgaged property remaining after giving effect to the release being not less than 9.2%, as determined by the lender in its sole discretion, plus the yield maintenance amount; and (b) title to the released mortgaged property must be transferred to a person or entity other than the borrower.

With respect to Loan No. 39, Space Coast Portfolio, the borrower may release either the Galleria Executive Plaza mortgaged property or the Satellite Arms Apartments mortgaged property from the collateral after the expiration of a lockout period in connection with a third-party, arms-length sale of the release parcel subject to the following conditions, among others: (i) no event of default has occurred and is continuing, (ii) after giving effect to the release, the loan-to-value ratio for the undefeased note is no greater than the lesser of (a) 75%, and

  

   

 

  

  (b) the loan-to-value ratio in place immediately prior to the release, (iii) after giving effect to the release, the debt service coverage ratio for the undefeased note is no less than the greater of (a) 1.35x, and (b) the debt service coverage ratio in place immediately prior to the release, (iv) payment of defeasance in an amount equal to the greater of (x) 90% of the net sales proceeds with respect to such mortgaged property and (y) 120% of the allocated loan amount of such release parcel, (v) if required by the lender, the borrower delivers to the lender a rating agency confirmation, and (vi) satisfaction of customary REMIC requirements.
   
(13) With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed and/or acquired.

With respect to loan No. 7, Renaissance Center, Most Recent Revenues ($), Most Recent Total Expenses ($) and Most Recent NOI ($) are based on the annualized 11 months financial data from May 2015 through April 2016, excluding January 2016. Due to acquisition timing, January 2016 financials were not available.

With respect to Loan No. 18, Hotel Tybee, the mortgaged property was acquired in July 2014 and full-year 2014 financials were not available.

With respect to Loan No. 24, TBC Place, the mortgaged property was recently acquired. The mortgaged property was previously encumbered by a loan that defaulted in June 2015, was placed into receivership and subsequently foreclosed upon in December 2015. As such, historical financial information for 2015 is not available.

With respect to Loan No. 25, Dollar General Portfolio, the mortgaged properties were acquired in 2014 and the seller did not provide historical financial information for 2013.

With respect to Loan No. 29, Camelback Crossing, Most Recent Revenues ($), Most Recent Total Expenses ($), Most Recent NOI ($), 2015 Revenues ($), 2015 Total Expenses ($) and 2015 NOI ($) are based on the annualized 11 months financial data from May 2015 through April 2016 and January 2015 through December 2015, respectively, excluding October 2015. Due to acquisition timing, October 2015 financials were not available.

With respect to Loan No. 35, Somerset Apartments San Antonio, limited historical financial information is available because the 241-unit mortgaged property was split from a 733-unit apartment complex after sponsor acquisition in April 2013 and individual performance is not available prior to 2015.

With respect to Loan No. 37, Kohl’s Wichita Falls, the single tenant, triple-net lease mortgaged property was recently acquired and the seller did not provide historical financial information.

With respect to Loan No. 38, Hampton Inn & Suites Adairsville, limited historical financial information is available due to the recent construction of the property, which was completed in 2013.

With respect to Loan No. 43, 6627 Maple, historical financial information is not available as the property was vacant prior to commencement of the Amazon.com, Inc. lease in October 2015.
   
(14) With respect to all hotel properties, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.

With respect to Loan No. 7, Renaissance Center, a non-recurring item of $550,000 has been underwritten which represents a credit for the general tenant improvements and leasing commissions reserve of $5,500,000 collected at loan origination, averaged over the 10-year loan term. The UW NCF ($) is calculated as UW NOI ($) minus the recurring capital items, plus the non-recurring item.

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, the mortgaged property is subject to a tax stabilization agreement with the City of Providence. The agreement provides that the mortgaged property will be assessed for the value of the land only during the first five years of the agreement (which commenced in 2006). For years six through 14 under the agreement, the mortgaged property is assessed for the value of the land plus a percentage of the value of the improvements, which was 10% starting in year six and is increased by 10% each year. For the final five years of the agreement, which expires in December 2025, the full value of the land and improvements are used to calculate the assessed value of the mortgaged property at an increasing rate. Taxes were underwritten based on the 10 year average tax amount due over the term of the mortgage loan.

With respect to Loan No. 20, 2000 Glades Road, a non-recurring item of $74,180 has been underwritten which represents a credit for the accretive leasing reserve of $741,800 collected at loan origination, averaged over the 10-year loan term. The UW NCF ($) is calculated as UW NOI ($) minus the recurring capital items, plus the non-recurring item.

With respect to Loan No. 27, Decatur Crossing, a non-recurring item of $10,000 has been underwritten which represents a credit for the general tenant improvements and leasing commissions reserve of $100,000 collected

 

 

   

 

 

 

  at loan origination, averaged over the 10-year loan term. The UW NCF ($) is calculated as UW NOI ($) minus the recurring capital items, plus the non-recurring item.

With respect to Loan No. 36, Best Western Plus Austin Central, the City of Austin filed a lawsuit against the Travis County Appraisal District (Cause No. D-1-GN-15-003492), affecting all properties designated with a State Tax Code of either F1 or C1.  The mortgaged property is designated F1.  If the City of Austin is successful in the lawsuit, the City may have the right to require a new appraisal for the mortgaged property, which could result in a higher tax liability for the year 2015 and subsequent years.  Real estate taxes were underwritten based on the actual 2015 tax rates and a 20% increase to the latest 2015 assessed value to account for a projected increase in the mortgaged property’s assessment following the renovation and rebranding of the hotel.

With respect to Loan Nos. 41 and 46, Holiday Inn Express Kanab and Holiday Inn Express Clermont, the FF&E reserves were included in UW Capital Items ($).
   
(15) The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.
   
(16) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.

With respect to Loan No. 1, Opry Mills, the Upfront Other Reserve ($) represents a reserve for outstanding tenant improvements and leasing commissions for four tenants at the mortgaged property in the amount of $3,943,000. The borrower was permitted at origination to deliver a guaranty from the guarantor in lieu of a cash reserve.

With respect to Loan No. 3, 693 Fifth Avenue, the Upfront Other Reserve ($) represents (i) a reserve for outstanding tenant improvements and leasing commissions for two tenants at the mortgaged property in the amount of $3,022,060, including the Largest Tenant, Valentino U.S.A., Inc. ($3,000,000), and the 4th Largest Tenant, Carpenter’s Workshop Gallery LLC ($22,060), and (ii) a reserve for outstanding free rent/rent abatements for the 6th largest tenant at the mortgaged property, New York Smile Institute, in the amount of $305,793.

With respect to Loan No. 4, Marriott Atlanta Buckhead, the Upfront Other Reserve ($) represents a holdback related to a pending arbitration proceeding over a reciprocal easement agreement with the adjacent property owner. The lender is required to release the holdback upon delivery of reasonably satisfactory evidence to the lender that (a) the new proposed reciprocal easement agreement attached as a form to the loan agreement has been executed and recorded and the arbitration has been dismissed, or (b) a new pool (of substantially similar quality to the existing pool) has been constructed on the mortgaged property. Furthermore, the pool is removed and the borrower constructs a new pool (of substantially similar quality to the existing pool), the lender is required to make disbursements from holdback to the borrower for the costs of building a new pool.

With respect to Loan No. 5, 100 East Pratt, the Upfront Other Reserve ($) represents (i) a reserve for outstanding tenant improvements and leasing commissions for four tenants at the mortgaged property in the amount of $13,769,268, including the Largest Tenant, T. Rowe Price Associates, Inc. ($13,385,150 is allocated to tenant improvements and leasing commissions associated with the Largest Tenant) and (ii) a reserve for outstanding free rent/rent abatements for two tenants at the mortgaged property in the amount of $3,782,785, including the Largest Tenant ($3,773,621 is allocated to free rent for the Largest Tenant).

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, in the event any franchise agreement requires a property improvement plan, the borrower may post a letter of credit for the same amount as the applicable deposit required by the mortgage loan documents. In addition, the mortgage loan documents permit the borrower to cure a cash sweep period caused by a DSCR trigger event by delivering cash or a letter of credit in an amount, which, if applied to the principal balance of the mortgage loan, would result in the achievement of a DSCR of 1.30x for two consecutive quarters. The lender is required to hold such cash or letter of credit in the Monthly Other Reserve ($) as a DSCR cure reserve fund, which may be released when the mortgaged property achieves a DSCR sufficient to cure the cash sweep event without taking into consideration the cash or letter of credit delivered by the borrower.
   
  With respect to Loan No. 18, Hotel Tybee, the borrowers were required at origination to fund a $1,000,000 earnout reserve. So long as no event of default has occurred and is continuing, the earnout reserve will be released upon (i) the mortgaged property achieving a debt yield on NOI of at least 14.0% for the trailing 12 months, for at least two consecutive quarterly debt yield tests, or (ii) so long as no Sweep Event Period (as defined in the loan documents) is occurring, at any time after the payment date in June 2019, the debt yield on NOI is equal to or greater than 13.0% for the trailing 12 months, for at least two consecutive quarterly debt yield tests.

 

 

   

 

 

 

  With respect to Loan No. 31, Sierra Forest, the borrower was required at origination to deposit $7,500 for remediation of radon identified at the property by the environmental consultant, into the Upfront Environmental Reserve ($).

With respect to Loan No. 36, Best Western Plus Austin Central, the borrower was required to escrow $1,770,434 into the Upfront Other Reserve ($), for a property improvement plan required by the Best Western Plus membership application executed by the borrower.  The borrower is in the process of converting the flag from a Ramada Inn to a Best Western Plus. The borrower is operating under the Ramada Inn flag under an interim license agreement which expires on December 31, 2016. In addition, the borrower was required to escrow $530,814 into the Upfront Debt Service Reserve ($), which may be used by the borrower for payment of debt service during the year after origination in the case of shortfalls in operating revenue during completion of the property improvement plan.

With respect to Loan No. 41, Holiday Inn Express Kanab, the borrower was required to deposit $48,000 into the Upfront Other Reserve ($) for seasonality reserve.

With respect to Loan No. 46, Holiday Inn Express Clermont, the borrower was required to deposit $700,000 into the Upfront Other Reserve ($), which included $600,000 for a PIP reserve and $100,000 for seasonality working capital reserve.
   
(17) Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.

With respect to Loan No. 1, Opry Mills, upon (i) an event of default under the mortgage loan documents or (ii) the occurrence of the debt service coverage ratio based on the trailing four calendar quarter period immediately preceding the date of such determination being less than 1.75x for two consecutive calendar quarters (an “Opry Mills DSCR Reserve Trigger Event”), the borrower is required to deposit into the (x) Monthly Capex Reserve ($) $19,494 (capped at $701,780) and (y) Monthly TI/LC Reserve ($) $160,825 (capped at $5,789,683). In addition, the Monthly RE Tax Reserve ($) is waived provided that (a) no event of default has occurred, (b) no Opry Mills DSCR Reserve Trigger Event exists and (c) the borrower pays all taxes prior to the date of delinquency and provides satisfactory evidence of the same.

With respect to Loan Nos. 2 and 11, Center 21 and 7083 Hollywood Boulevard, the Monthly RE Tax Reserve ($) is waived provided that no event of default has occurred and is continuing and the related borrower provides satisfactory evidence that all taxes have been paid on or prior to their due date. In addition, so long as the related guarantor maintains a net worth of at least $450,000,000, the guarantor’s may deliver a guaranty in lieu of the related borrower’s requirement to make deposits to the Monthly TI/LC Reserve ($), subject to the following terms: (i) if the guarantor’s net worth is at least $600,000,000, any amount on reserve will be released to the borrower and the borrower’s requirement to make monthly deposits will be waived; and (ii) if the guarantor’s net worth is equal to or greater than $450,000,000 but less than $600,000,000, 50% of the amount on reserve will be released to the borrower and the borrower will be required to deposit 50% of the amount required to be deposited monthly. The borrower may also deliver a letter of credit in the amount of the reserve cap in lieu of monthly deposits. At origination, each borrower related to Center 21 and 7083 Hollywood Boulevard delivered a guaranty satisfying the foregoing conditions, and the borrower’s requirement to make deposits to the Monthly TI/LC Reserve ($) was waived.

With respect to Loan No. 3, 693 Fifth Avenue, the Monthly RE Tax Reserve ($) is waived provided that no event of default has occurred and is continuing and the borrower provides satisfactory evidence that all taxes have been paid on or prior to their due date.

With respect to Loan No. 4, Marriott Atlanta Buckhead, Monthly Capex Reserve ($) is waived to the extent the borrower makes deposits with the franchisor on a monthly basis for capital repairs and replacements or any PIP. If the borrower is required to make monthly deposits into the Monthly Capex Reserve ($), the loan documents require monthly deposits in the amount equal to the greater of (i) all amounts required to be deposited under the franchise agreement or management agreement (without duplication) and (ii) 4.0% of the gross income from the mortgaged property for the calendar month occurring two calendar months prior to such payment date. In lieu of the full amount required to be deposited in the reserve, the borrower is permitted to deliver a letter of credit in the amount not less than the aggregate amount required to be deposited at any time.
   
  With respect to Loan No. 5, 100 East Pratt, the borrowers are required to deposit into the Monthly Other Reserve ($) all excess cash flow after the payment of debt service, required reserves and operating expenses, which will be held as additional collateral for the loan in the event that the Largest Tenant, T. Rowe Price Associates, Inc.

 

 

   

 

 

 

  (or any tenant which leases more than 66,270 square feet at the property or any replacement tenant thereof) (a “Specified Tenant”) (i) defaults (other than with respect to immaterial non-monetary terms) (ii) vacates, abandons, ceases ordinary business operations or otherwise “goes dark” or gives notice of its intent to do any of the foregoing, (iii) gives notice of its intention to cancel or terminate its lease; (iv) becomes subject to any bankruptcy or insolvency proceeding, or (v) fails to provide notice to extend its lease prior to the earlier of (x) the date that is 12 months prior to the scheduled expiration date of such Specified Tenant’s lease or (y) the date under such Specified Tenant’s lease by which such Specified Tenant is required to give notice of its exercise of a renewal option thereunder (and such renewal has not been so exercised). In addition, the borrowers are required to deposit an amount equal to the aggregate total of all rent associated with any lease for which a tenant has exercised a contraction or termination option under the applicable lease (a “Lease Contraction Event”). The borrowers are required to deposit any early lease termination or contraction fee in connection with a Lease Contraction Event within three business days of receipt.

With respect to Loan No. 6, The Shops at Crystals, the borrower is required to deposit into the Monthly TI/LC Reserve ($) $185,000, in lieu of which, to the extent that there is no event of default under the mortgage loan documents, the borrower is permitted to deliver (i) a guaranty from the guarantors in the amount of all required deposits into the reserve not to exceed the amount of the reserve cap of $4,440,000 (the “Reserve Cap”) or (ii) a letter of credit in the amount of the Reserve Cap. At origination, the borrower delivered a guaranty satisfying the foregoing conditions, and the borrower’s requirement to make deposits to the Monthly TI/LC Reserve ($) was waived. In addition, the Monthly Capex Reserve ($) and Monthly RE Tax Reserve ($) are waived provided that (i) there is no event of default, (ii) the debt service coverage ratio based on the trailing four calendar quarter period immediately preceding the date of such determination is at least 1.60x for two consecutive calendar quarters and (iii) solely with respect to the Monthly RE Tax Reserve ($), the borrower pays all taxes prior to the date of delinquency and provides satisfactory evidence of the same.

With respect to Loan No. 7, Renaissance Center, the borrower is required to deposit into the Monthly TI/LC Reserve ($) all excess cash flow after the payment of debt service, required reserves and operating expenses, which will be held as additional collateral for the loan in the event that (i) WellCare Health Plans, Inc. (“WellCare”). does not renew or give notice to renew its 105,110 square foot lease on or prior to October 31, 2018 and its 111,012 square foot lease on or prior to March 1, 2022, (ii) WellCare’s parent credit rating is downgraded two or more notches from its rating as of origination by either S&P or Moody’s, (iii) WellCare vacates, abandons, ceases ordinary business operations or otherwise “goes dark” or gives notice of its intent to do any of the foregoing or (iv) WellCare becomes subject to any bankruptcy or insolvency proceedings. The excess cash flow sweep is capped at $4.0 million. In addition, the borrower is required to deposit into the Monthly TI/LC Reserve ($) all gross rent associated with the Capital One Services, LLC (“Capital One”) lease in the event that Capital One’s parent credit rating is downgraded two or more notches from its rating as of origination by either S&P or Moody’s. On or after the monthly payment date in April 2021, the borrower will not be required to make Monthly TI/LC Reserve ($) payments if the TI/LC reserve balance is $6.5 million or greater. Should the TI/LC reserve fall below $6.5 million, Monthly TI/LC Reserve ($) payments will recommence.

With respect to Loan No. 8, 650 Poydras, if the lease for the Largest Tenant, GSA/DOJ, is not renewed prior to the date that is nine months prior to the current expiration date, the loan documents provide that the lender will apply excess cash flow after payment of debt service and required reserves to the Monthly Other Reserve ($) for the purpose of paying tenant improvements and leasing commissions associated with re-leasing the space leased by the Largest Tenant. The borrower is no longer required to reserve such amounts upon the occurrence of the earliest of the following: (i) the lease for the Largest Tenant is renewed in accordance with its terms, (ii) the amount on deposit in the reserve equals or exceeds $1,272,300 or (iii) the space demised by the Largest Tenant is fully leased to replacement tenants as evidenced by a tenant estoppel.
   
  With respect to Loan No. 13, Four Penn Center, there is a cash sweep period in effect as of the origination date of the mortgage loan, and all excess cash flow after payment of monthly debt service, required reserves and operating expenses is required to be deposited into the Monthly TI/LC Reserve ($). On a monthly basis commencing after the occurrence of either of the following (a “2018 Rollover Cure”): (i) the balance of funds in the Monthly TI/LC Reserve ($) is equal to or greater than $50.00 per square foot with respect to the office square footage for any portion of the leases for the Largest Tenant, Elsevier, Inc., the 2nd Largest Tenant, Post & Schell, and the 3rd Largest Tenant, Federal Insurance Company, that has not been renewed or released beyond its current 2018 expiration date in accordance with the mortgage loan documents or (ii) the achievement of a debt service coverage ratio (excluding rent from any of the foregoing tenants under any portion of a related lease that is not renewed or re-leased) of at least 1.10x for one quarter, based on the trailing three-month period, the cash sweep period will expire and the borrower will be required to escrow $74,035 ($1.70 per square foot annually) for tenant improvements and leasing commissions into the Monthly TI/LC Reserve ($). In addition, to the extent there is a cash sweep period as a result of (a) the occurrence of the date on which the debt service coverage ratio, based on trailing three-months of gross income from operations, is less than 1.10x, at any time after

 

 

   

 

 

 

  January 1, 2019, or (b) to the extent more than 25.0% of the square footage is leased to two or fewer tenants and such leases are scheduled to expire in the 2023 calendar year, the occurrence of the date that is the latest of (1) the date on which the preceding lease concentration first occurs, (2) the occurrence of any 2018 Rollover Cure or (3) January 1, 2019, all excess cash flow is required to be deposited into the Monthly TI/LC Reserve ($).

With respect to Loan No. 14, Aloft Milwaukee, a sum of $148,083 was deposited in the seasonality reserve at origination. In addition, beginning in calendar year 2017, monthly seasonality reserve payments in the amount of $37,021 will be collected in the months of July, August, September and October of each year of the loan term, subject to a cap of $148,083.

With respect to Loan No. 15, Renaissance Providence Downtown Hotel, the borrower is required to deposit any amount required to complete any future property improvement plan required by a franchisor, as estimated by the lender, into the Monthly Capex Reserve ($) for FF&E.

With respect to Loan No. 16, Springhill Suites Norfolk & Residence Inn Chesapeake, on each payment date during the months of May through August 2016, the borrowers are required to deposit a monthly seasonality reserve payment of $35,310. Commencing in April 2017, and in each April of each year thereafter until the Maturity Date, the monthly seasonality reserve payment amount, to be collected on the seasonality reserve deposit months of May through August, will be revised in accordance with the conditions set forth in the loan documents. Additionally, beginning on the monthly payment date occurring in August 2021, the borrowers will be required to deposit all cash flow after the payment of reserves, debt service and operating expenses, which will be utilized for any PIP with respect to Springhill Suites Norfolk or Residence Inn Chesapeake, until the amount on deposit in the PIP reserve account is at least $2,520,000 (which represents at least $10,000 per room for the aggregate number of rooms at both hotels). The PIP reserve will be utilized for PIPs at either of the mortgaged properties and will not be released to the related borrower until such PIPs are completed. Furthermore, in connection with a partial defeasance event whereby either the Springhill Suites Norfolk property or the Residence Inn Chesapeake property is released, the borrowers will be required to deposit into the PIP reserve sufficient funds such that the total amount on deposit and available in the PIP reserve with respect to the remaining property equals at least $10,000 per room.

With respect to Loan No. 17, RC Shoppes, a sum of $150,000 was deposited in Upfront TI/LC Reserve ($) at origination. In addition, Monthly TI/LC Reserve ($) payments will be collected in the amount of $3,639, subject to a cap of $150,000.

With respect to Loan No. 18, Hotel Tybee, on the payment dates occurring in each June, July and August, the borrowers are required to deposit into the Monthly Other Reserve ($) one-third of the amount, if any, by which the balance on deposit in the seasonality reserve as of June 1 is less than $600,000.
   
  With respect to Loan No. 25, Dollar General Portfolio, all excess cash flow will be swept into the Other Reserve ($) until the earlier to occur of (i) the short-term repairs reserve equaling to $110,330 or (ii) the completion of all short term repairs by the borrower.

With respect to Loan No. 28, Hillside Flex Portfolio, the loan is structured with an Upfront TI/LC Reserve ($) of $150,000 and ongoing Monthly TI/LC Reserve ($) of $8,902 ($0.55 per square foot annually). The TI/LC reserve balance is capped at $350,000. If the balance falls below $275,000, ongoing Monthly TI/LC Reserve ($) collections will resume until the cap of $350,000 is reached.

With respect to Loan No. 36, Best Western Plus Austin Central, commencing on February 1, 2017, the borrower is required to make deposits into the Monthly Capex Reserve ($) account in an amount equal to (i) 4.0% of the gross income from operations of the mortgaged property; or (ii) 5.0% of the gross income from operations of the mortgaged property for the calendar month two months prior to such payment date, if the borrower has not expended funds from the Monthly Capex Reserve ($) in an aggregate amount equal to or greater than (1) $137,000 prior to the payment date occurring in February 2020, (2) $205,500 during the period commencing after the payment date in February 2020 and prior to the payment date in February 2022 and (3) $274,000 during the period commencing after the payment date in February 2022 and prior to the payment date in February 2024.

With respect to Loan No. 30, 417-425 North Eighth Street, in addition to the deposits to the Monthly TI/LC Reserve ($), the borrower is also required to deposit any lease termination fees or payments into the Monthly TI/LC Reserve ($).

With respect to Loan No. 41, Holiday Inn Express Kanab, at any time that the seasonal working capital reserve is below $168,000 the borrowers are required to deposit into the Monthly Other Reserve ($) $24,000 on the payment dates occurring in each month beginning April through and including October for a seasonality reserve.

With respect to Loan No. 43, 6627 Maple, at any time that the TI/LC Reserve ($) is below $109,088 (not including the $150,000 upfront deposit) during the period from and after the Amazon.com, Inc. lease renewal date,

 

 

   

 

 

 

  provided no event of default has occurred or continuing under the Amazon.com, Inc. lease, deposits into the TI/LC Reserve ($) will be suspended.

With respect to Loan No. 44, Destiny Phoenix West, on the payment dates occurring in each November, December, January, February, March and April, the borrower is required to deposit into the Monthly Other Reserve ($) one-sixth of the amount, if any, by which the balance on deposit in the seasonality reserve as of November 6 is less than $150,260.34.

With respect to Loan No. 45, 11264 Corliss Avenue, the Monthly Ins. Reserve ($) was waived at origination and may commence in the future upon (i) all required insurance premiums are not being timely paid by the sole tenant at the mortgaged property, Polyair Corporation, and lender does not receive prompt evidence of such payment, (ii) the property is not insured by a policy meeting the standard insurance requirements set forth in the loan documents, (iii) an event of default, (iv) the debt service coverage ratio being less than 1.10x, (v) a default by Polyair Corporation under its lease, (vi) Polyair Corporation goes dark, (vii) Polyair Corporation files bankruptcy, (viii) Polyair Corporation terminates its lease, (ix) Polyair Corporation does not provide notice of renewal or does not renew its lease 12 months prior to its scheduled lease expiration or (x) the monthly payment date that is 24 months prior to the Maturity Date.
   
(18) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, the caps may be altered or terminated during the term of the mortgage loan, subject to conditions of the respective mortgage loan documents.

With respect to Loan No. 2, Center 21, the loan documents provide that the TI/LC Reserve Cap of $5,500,000 must be reduced by the amount attributed under the loan documents to the Largest Tenant, Pandora Media, Inc. ($4,336,500 attributed), and the 4th Largest Tenant, Cerexa, Inc. ($1,163,500 attributed), when either (i) such tenant has either renewed or extended its lease or (ii) the space occupied by such tenant has been re-let to a replacement tenant, provided that, in either case, all tenant improvement and leasing commission obligations have been satisfied and either (x) such tenant or replacement tenant is either paying full contractual rent, (y) the borrower has deposited the amount of any abated rent with the lender, or (z) such tenant has a long term unsecured credit rating of Baa3 or higher from Moody’s or BBB- or higher from S&P and has no right to terminate its lease prior to the expiration of the free rent period under the lease.
   
(19) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property.
   
(20) In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

With respect to Loan No. 7, Renaissance Center, the Largest Tenant, WellCare Health Plans, Inc. (378,412 square feet), representing 66.0% of net rentable area, has staggered lease expirations as follows: 105,110 square feet expires October 31, 2019; 105,165 square feet expires December 31, 2020; 111,012 square feet expires February 28, 2023; and 57,125 square feet expires February 29, 2024.

With respect to Loan No. 12, 700 17th Street, the 2nd Largest Tenant, TGS Management, has multiple leases expiring as follows: 5,415 square feet expiring on December 31, 2016 and 13,704 square feet expiring on October 31, 2019. The 3rd Largest Tenant, First Citizens Bank & Trust, has multiple leases expiring as follows: 5,848 square feet expiring on October 31, 2016 and 6,792 square feet expiring on August 31, 2019.
   
(21) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 1, Opry Mills, the 2nd Largest Tenant, Regal Cinema, has the right to terminate its lease if the occupancy rate in the shopping center, not including the premises of Regal Cinema, falls below 50% of the leasable area and such occupancy rate continues for 12 months.

With respect to Loan No. 2, Center 21, the Largest Tenant, Pandora Media, Inc., has the right to contract its space with respect the sixth or 16th floors as of March 1, 2018, with notice and the payment of a termination fee. The 2nd Largest Tenant, Kaiser Foundation Health Plan, Inc., has the right (i) to contract its space at any time by up to two full floors with 12 months’ notice and the payment of a contraction fee, and (ii) to terminate its lease any time after (A) with respect to Suite 900, December 31, 2020, (B) with respect to Suite 1100, March 2, 2020, (C) with respect to Suite 1400, December 31, 2019, (D) with respect to Suite 1700, November 30, 2020, and (E) with respect to Suite 2000, October 31, 2018, in each case with 9 months’ notice and the payment of a termination fee. The 3rd Largest Tenant, the Federal Bureau of Investigation, has the right to terminate its lease any time on or after October 4, 2021 with 120 days’ notice. The 5th Largest Tenant, iParadigms, LLC, has the right to

 

 

   

 

 

 

  terminate its lease as of April 1, 2024, with 15 months’ notice and the payment of a termination fee. Additionally, the Largest Tenant is currently subleasing 49,311 square feet of additional space (7.2% of the net rentable area) under a sublease from the 3rd Largest Tenant, Cerexa, Inc.
   
  With respect to Loan No. 5, 100 East Pratt, the Largest Tenant, T. Rowe Price Associates, Inc., has the right to contract its space with respect to one or more of the 13th, 14th or 16th floors as of December 31, 2024, with 18 months’ notice and the payment of a termination fee of $486,007 per floor. In addition, the tenant has the right to contract its space with respect to the investor center space any time after June 30, 2017, with 18 months’ notice and the payment of a termination fee. If the 15th floor expansion space is not delivered to the borrower by October 1, 2016 (the “Outside Date”), the tenant has the option to terminate its lease with respect to the 15th floor expansion space with written notice provided at least 15 days after the Outside Date, with such termination to be effective as of July 1, 2024. The tenant is required to deliver the notice of termination with 18 months’ notice and the payment of a termination fee of $20,381,060. Additionally, the 5th Largest Tenant, Jones Lang LaSalle, has the right to terminate its lease effective as of April 30, 2017, with 12 months’ notice and the payment of a termination fee.

With respect to Loan No. 6, The Shops at Crystals, in the event the 4th Largest Tenant, Tiffany & Co., does not achieve gross sales of at least $30,000,000 during the seventh lease year, the tenant has the right to terminate its lease (which right must be exercised during the period that is 60 days after the date on which the tenant is obligated to furnish its written report of the gross sales of the applicable year), with 182 days’ notice and the payment of a termination fee.
   
  With respect to Loan No. 7, Renaissance Center, the 2nd Largest Tenant, Capital One Services, LLC (153,812 square feet), representing approximately 26.8% of net rentable area, has a one-time contraction option on August 31, 2019 for 10,931 square feet with at least nine months’ notice and a termination fee of $191,104. If the contraction is exercised, the lender will collect the termination fee as additional leasing reserves.
With respect to Loan No. 10, 1000 Parkwood, the Largest Tenant, Kemira Chemicals, has the right to terminate its lease as of March 31, 2019, with 12 months’ notice and the payment of a termination fee.

With respect to Loan No. 11, 7083 Hollywood Boulevard, the 2nd Largest Tenant, Live Nation, has the right to contract its space by the entire second floor as of October 31, 2016 with the payment of a contraction fee.

With respect to Loan No. 13, Four Penn Center, the 3rd Largest Tenant, Federal Insurance Company, is subleasing approximately 21,832 square feet of its space to Internet Order, LLC, which has assigned the sublease to TD Bank, N.A. The prime lease and sublease have the same expiration date.

With respect to Loan No. 20, 2000 Glades Road, the 4th Largest Tenant, Flagstar Bank, NA (4,489 square feet), representing 7.6% of net rentable area, has the right to terminate its lease for all or a portion of its leased space effective February 28, 2019 with notice by August 31, 2018 and the payment of a termination fee. In addition, the borrower sponsor master leases 7,276 square feet (12.3% of net rentable area) of one of the two buildings located at the mortgaged property for $20 per square feet NNN for a 15-year term.  The master lease will be incrementally released as the borrower enters into accretive arms’ length leases with new tenants at minimum rent of $20 per square feet NNN rent for a term of at least 3 years.

With respect to Loan No. 37, Kohl’s Wichita Falls, the Largest Tenant, Kohl’s, subleases 11,328 square feet to five tenants, of which one 2,012 square foot space is dark but leased through 2018. Additionally, there is one 2,288 square foot vacant space which is being marketed for sublease.

With respect to Loan No. 39, Space Coast Portfolio, the 5th Largest Tenant at the Galleria Executive Plaza mortgaged property, ManTech, is has the right to terminate its lease at any time with 180 days’ written notice after January 1, 2018. If the lease is terminated, the tenant will be required to pay a penalty equal to present value of landlord’s unamortized commissions as of the termination date, capitalized at a rate of 8% from the termination date to the expiration date.

With respect to Loan No. 45, 11264 Corliss Avenue, the Largest Tenant and sole tenant, Polyair Corporation, has termination options on October 31, 2021 and October 31, 2023 by providing nine months’ notice. If Polyair Corporation executes on either option, a full cash flow sweep would commence and the tenant would be required to pay a fee of $1,525,264 to terminate its lease on October 31, 2021 and $1,176,396 to terminate its lease on October 31, 2023.
   
(22) In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes.

With respect to Loan Nos. 1 and 6, Opry Mills and The Shops at Crystals, the obligations and liabilities of the Principal / Carveout Guarantors under the non-recourse carveout provisions in the loan documents are capped at $75,000,000 and $110,000,000, respectively.

 

 

   

 

 

 

  With respect to Loan No. 3 693 Fifth Avenue, there is no separate Carveout Guarantor, and the borrower is the sole party responsible for any breaches or violations of the non-recourse carveout provisions in the mortgage loan documents or the environmental indemnity.
   
(23) The classification of the lockbox types is described in the Preliminary Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.
   
(24) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool— Additional Indebtedness— Mezzanine Indebtedness”, “—Other Secured Indebtedness”, “—Other Unsecured Indebtedness” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 4, Marriott Atlanta Buckhead, the borrower entered into an agreement with the franchisor to receive $2,000,000 in “key money” financing for use in connection with the renovations required by the franchise agreement PIP, which was completed in 2009. The “key money” financing is unsecured, and there is no obligation to repay the financing unless the franchise agreement is terminated prior to its expiration date.  In the event the franchise agreement is terminated prior to its expiration date, the borrower is required to pay an amount equal to $5,555 (which represents $2,000,000 amortized without interest on a straight-line, monthly basis over the term of the franchise agreement) times the number of full months remaining until the expiration date. The loan documents include a carve-out for any losses resulting from the “key money” financing.

With respect to Loan No. 6, The Shops at Crystals, additional debt includes The Shops at Crystals Subordinate Companion Loans with an outstanding principal balance as of the Cut-off Date of $167,300,000. In addition, the mortgage loan documents permit the borrower to enter into a property assessed clean energy (PACE) loan that is repaid through multi-year assessments against the mortgaged property for an amount not to exceed $7,000,000.

With respect to Loan No. 8, 650 Poydras, additional debt includes a mezzanine loan with an outstanding principal balance as of the Cut-off Date of $4,400,000.

With respect to Loan No. 12, 700 17th Street, the borrower has approximately $1,500,000 of borrower affiliated debt as a result of tax credits associated with the property. The affiliated debt is unsecured and is subject to a full subordination and standstill agreement among the lender, borrower and the holder of the unsecured debt so that no payments will be due, and the unsecured affiliated the lender is prohibited from exercising any remedies in connection with the debt until one year and one day after the repayment in full of the loan. The loan is recourse to the guarantor (i) for any losses suffered in connection with the existence of the unsecured loan and (ii) fully, in the event of any violation of the subordination and standstill agreement by the borrower or the holder of the unsecured note.

With respect to Loan No. 16, Springhill Suites Norfolk & Residence Inn Chesapeake, additional debt includes a mezzanine loan with an outstanding principal balance as of the Cut-off Date of $3,500,000. Additionally, the Additional Debt Interest Rate is the weighted average interest rate for the first 12 payments on the mezzanine loan after the Cut-off Date.