0001539497-24-000826.txt : 20240415 0001539497-24-000826.hdr.sgml : 20240415 20240415144755 ACCESSION NUMBER: 0001539497-24-000826 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240415 DATE AS OF CHANGE: 20240415 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK5 Trust 2024-5YR6 CENTRAL INDEX KEY: 0002017898 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-258342-04 FILM NUMBER: 24844316 BUSINESS ADDRESS: STREET 1: C/O STATE STREET BANK & TRUST CO STREET 2: TWO INTERNATIONAL PLACE 5TH FLOOR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 2126483063 MAIL ADDRESS: STREET 1: 60 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10260-0066 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP CENTRAL INDEX KEY: 0001013611 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance IRS NUMBER: 133789046 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: C/O STATE STREET BANK & TRUST CO STREET 2: TWO INTERNATIONAL PLACE 5TH FLOOR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 2126483063 MAIL ADDRESS: STREET 1: 60 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10260-0066 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN J P COMMERCIAL MORTGAGE FINANCE CORP DATE OF NAME CHANGE: 19960506 FWP 1 n4133_x5-annexa1.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-258342-04
     

 

Free Writing Prospectus dated April 15, 2024

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-258342) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

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

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 certificates 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.

   

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address City County State Zip Code General Property Type
              1 1                
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre 7.1% 100.0% WFB WFB Group 1 NAP 7875 Montgomery Road Cincinnati Hamilton OH 45236 Retail
2 Loan 8, 9 4 Kleban Retail Portfolio 7.1%   MSBNA MSMCH NAP NAP Various Various Various Various Various Retail
2.01 Property   1 Home Depot - Kenner 3.5% 49.9%         2625 Veterans Memorial Boulevard Kenner Jefferson LA 70062 Retail
2.02 Property   1 Altamira Shopping Village 2.1% 29.0%         1800-1820 Dunlawton Avenue Port Orange Volusia FL 32127 Retail
2.03 Property   1 Walmart - Mobile 1.0% 14.6%         685 Schillinger Road South Mobile Mobile AL 36695 Retail
2.04 Property   1 Walgreens - Garden City 0.5% 6.5%         31415 Ford Road Garden City Wayne MI 48135 Retail
3 Loan 6, A 1 Western Digital Milpitas Campus 6.4% 100.0% JPMCB JPMCB NAP NAP 901, 951, 1001, 1051, and 1101 Sandisk Drive Milpitas Santa Clara CA 95035 Mixed Use
4 Loan 6, 10 1 Jordan Creek Town Center 6.2% 100.0% MSBNA/JPMCB MSMCH/JPMCB Group 1 NAP 101 Jordan Creek Parkway West Des Moines Dallas IA 50266 Retail
5 Loan 6, 10 1 Galleria at Tyler 6.1% 100.0% BANA BANA Group 1 NAP 1299 Galleria at Tyler Riverside Riverside CA 92503 Retail
6 Loan 22, 24 1 Aliz Hotel Times Square 5.1% 100.0% JPMCB JPMCB NAP NAP 310 West 40th Street New York New York NY 10018 Hospitality
7 Loan   1 Bethesda Marriott 4.0% 100.0% MSBNA MSMCH NAP NAP 5151 Pooks Hill Road Bethesda Montgomery MD 20814 Hospitality
8 Loan 26 1 The Vista 3.9% 100.0% WFB WFB NAP NAP 900 West Monte Vista Avenue Turlock Stanislaus CA 95382 Multifamily
9 Loan 6 1 Respara 3.7% 100.0% WFB WFB NAP NAP 11610 Dunstan Way Los Angeles Los Angeles CA 90049 Multifamily
10 Loan B 1 Highland Village 3.6% 100.0% BANA BANA NAP NAP 4500 Interstate 55 North Jackson Hinds MS 39211 Mixed Use
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor 3.5% 100.0% JPMCB JPMCB NAP NAP 250 Waterfront Street Oxon Hill Prince George's MD 20745 Hospitality
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio 3.5%   MSBNA MSMCH NAP NAP Various Metairie Jefferson LA Various Retail
12.01 Property   1 Westgate Shopping Center 2.2% 64.7%         8835-8855 Veterans Memorial Boulevard Metairie Jefferson LA 70003 Retail
12.02 Property   1 Airline Shopping Center 1.2% 35.3%         2701 Airline Drive Metairie Jefferson LA 70001 Retail
13 Loan   1 Wilshire Colonnade 3.4% 100.0% WFB WFB NAP NAP 3701 and 3731 Wilshire Boulevard Los Angeles Los Angeles CA 90010 Office
14 Loan   1 Drexel Terraces 3.1% 100.0% MSBNA MSMCH NAP NAP 4830 South Drexel Boulevard Chicago Cook IL 60615 Multifamily
15 Loan 6, 10, 28 1 Staten Island Mall 3.0% 100.0% WFB WFB Group 1 NAP 2655 Richmond Avenue Staten Island Richmond NY 10314 Retail
16 Loan 6, 12, 20, 27 1 Casa Cipriani 3.0% 100.0% JPMCB JPMCB NAP NAP 10 South Street New York New York NY 10004 Mixed Use
17 Loan 15 1 Canyon Park West 2.4% 100.0% WFB WFB NAP NAP 1939 Fillmore Street Twin Falls Twin Falls ID 83301 Retail
18 Loan 6 1 11755 Wilshire 1.9% 100.0% WFB WFB NAP NAP 11755 Wilshire Boulevard Los Angeles Los Angeles CA 90025 Office
19 Loan   1 Delray Corner 1.9% 100.0% MSBNA MSMCH NAP NAP 4970 West Atlantic Avenue and 14802 South Military Trail Delray Beach Palm Beach FL 33484 Retail
20 Loan   1 1575 Jersey Ave 1.7% 100.0% MSBNA MSMCH NAP NAP 1575 Jersey Avenue North Brunswick Middlesex NJ 08902 Industrial
21 Loan   1 Terrell Plaza 1.7% 100.0% MSBNA MSMCH NAP NAP 1201 Austin Highway San Antonio Bexar TX 78209 Retail
22 Loan   1 Sherman Oaks First Plaza 1.4% 100.0% WFB WFB NAP NAP 14423-14457 Ventura Boulevard Sherman Oaks Los Angeles CA 91423 Retail
23 Loan 16, E 1 Tahoma Vista 1.1% 100.0% MSBNA MSMCH NAP NAP 1410-1418 East 72nd Street Tacoma Pierce WA 98404 Retail
24 Loan   1 Greenbox II Self Storage 1.1% 100.0% WFB WFB NAP NAP 2424 Delgany Street Denver Denver CO 80216 Self Storage
25 Loan   1 Ponder Place 1.0% 100.0% MSBNA MSMCH NAP NAP 201 Lake Forest Road Greenwood Greenwood SC 29649 Multifamily
26 Loan 8 2 Oklahoma Texas Hotel Portfolio 1.0%   MSBNA MSMCH NAP NAP Various Various Various Various Various Hospitality
26.01 Property   1 La Quinta Inn Brownwood 0.6% 58.4%         103 Market Place Boulevard Brownwood Brown TX 76801 Hospitality
26.02 Property   1 Hampton Inn Oklahoma City NE 0.4% 41.6%         11820 North I-35 Service Road Oklahoma City Oklahoma OK 73131 Hospitality
27 Loan F 1 Gateway Square Shopping Center 1.0% 100.0% MSBNA MSMCH NAP NAP 4801-4889 Hopyard Road Pleasanton Alameda CA 94588 Retail
28 Loan   1 Elm Street Plaza 1.0% 100.0% MSBNA MSMCH Group 2 NAP 1030-1040 Elm Street Rocky Hill Hartford CT 06067 Retail
29 Loan   1 927-933 Flatbush Avenue 0.9% 100.0% MSBNA MSMCH NAP NAP 927-933 Flatbush Avenue Brooklyn Kings NY 11226 Retail
30 Loan   1 Northville Shopping Center Phase II 0.9% 100.0% MSBNA MSMCH NAP NAP 17101-17955 Haggerty Road and 6 Mile Road Northville Wayne MI 48167 Retail
31 Loan 5 1 US Storage Centers - La Crescenta, CA 0.8% 100.0% BANA BANA NAP NAP 4454 Lowell Avenue and 3900-3934 Foothill Boulevard La Crescenta Los Angeles CA 91214 Self Storage
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC 0.8%   MSBNA MSMCH NAP NAP Various Various Various FL Various Manufactured Housing
32.01 Property   1 Swifts MHC 0.5% 53.8%         1846 Powell Drive North Fort Myers Lee FL 33917 Manufactured Housing
32.02 Property   1 Gulf to Bay MHC 0.4% 46.2%         2381 Gulf to Bay Boulevard Clearwater Pinellas FL 33765 Manufactured Housing
33 Loan   1 Compass Point Medical Complex 0.7% 100.0% MSBNA MSMCH Group 2 NAP 1111 Cromwell Avenue Rocky Hill Hartford CT 06067 Office
34 Loan H 1 Superior Building 0.7% 100.0% BANA BANA NAP NAP 61 North Raymond Avenue Pasadena Los Angeles CA 91103 Mixed Use
35 Loan 13, 17, 18 1 872 East 164th Street 0.6% 100.0% MSBNA MSMCH Group 4 NAP 872 East 164th Street Bronx Bronx NY 10459 Multifamily
36 Loan   1 Walnut Grove MHC 0.6% 100.0% MSBNA MSMCH Group 3 NAP 2548 Peck Road Monrovia Los Angeles CA 90601 Manufactured Housing
37 Loan   1 Park Place Apartments 0.5% 100.0% WFB WFB NAP NAP 515 Parkside Place Dalton Whitfield GA 30721 Multifamily
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC 0.5%   MSBNA MSMCH Group 3 NAP Various Various Various CA Various Manufactured Housing
38.01 Property   1 Stage Coach MHC 0.3% 57.3%         6050 Mission Boulevard Riverside Riverside CA 92509 Manufactured Housing
38.02 Property   1 City Trailer Park 0.2% 42.7%         313 West 1st Avenue La Habra Orange CA 90631 Manufactured Housing
39 Loan   1 CityLine Milledgeville 0.5% 100.0% BANA BANA Group 5 NAP 155 and 157 Garrett Way & 630 Meriwether Road Milledgeville Baldwin GA 31061 Self Storage
40 Loan   1 1412 College Ave 0.4% 100.0% MSBNA MSMCH Group 4 NAP 1412 College Avenue Bronx Bronx NY 10456 Multifamily
41 Loan 19 1 Lexington Grand 0.4% 100.0% WFB WFB NAP NAP 186 Roy Truesdell Road Lugoff Kershaw SC 29078 Multifamily
42 Loan   1 4975 Clark Howell Highway 0.3% 100.0% BANA BANA Group 5 NAP 4975 Clark Howell Highway Atlanta Clayton GA 30349 Industrial
43 Loan   1 Taylors Square 0.3% 100.0% MSBNA MSMCH Group 6 NAP 3023 Wade Hampton Boulevard Taylors Greenville SC 29687 Retail
44 Loan 8 2 East Coast Storage Portfolio 0.3%   MSBNA MSMCH NAP NAP Various Various Various Various Various Self Storage
44.01 Property   1 MMJ Self Storage 0.2% 84.9%         17600 A.P. Hill Boulevard Bowling Green Caroline VA 22427 Self Storage
44.02 Property   1 AAA Self Storage 0.0% 15.1%         842 US Route 280 Americus Sumter GA 31709 Self Storage
45 Loan   1 Benton Crossing 0.3% 100.0% MSBNA MSMCH Group 6 NAP 15400 Sheldon Road Northville Wayne MI 48168 Retail
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center 0.2% 100.0% JPMCB JPMCB NAP NAP 1961 Chain Bridge Road McLean Fairfax VA 22102 Retail

 

 A-1-1 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Detailed Property Type Year Built Year Renovated Number
of Units
Unit of
Measure
Loan Per
Unit ($)
Original
Balance ($)
Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest
Rate %
Administrative
 Fee Rate %
Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($)
                5   6, 7, 8         3        
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Super Regional Mall 1958 1988; 2003; 2009; 2019-2023 1,033,141 SF 251.66 70,000,000 70,000,000 70,000,000 6.27100% 0.016590% 6.254410% NAP 370,889.00 NAP
2 Loan 8, 9 4 Kleban Retail Portfolio Various Various NAP 538,646 SF 129.58 69,800,000 69,800,000 69,800,000 7.09000% 0.015340% 7.074660% NAP 418,129.47 NAP
2.01 Property   1 Home Depot - Kenner Single Tenant 2013 NAP 174,522 SF   34,851,415 34,851,415 34,851,415            
2.02 Property   1 Altamira Shopping Village Anchored 2012; 2013; 2015 NAP 149,480 SF   20,211,230 20,211,230 20,211,230            
2.03 Property   1 Walmart - Mobile Single Tenant 1997 NAP 200,084 SF   10,170,394 10,170,394 10,170,394            
2.04 Property   1 Walgreens - Garden City Single Tenant 2004 NAP 14,560 SF   4,566,961 4,566,961 4,566,961            
3 Loan 6, A 1 Western Digital Milpitas Campus R&D/Office 1991-1995 2012 577,956 SF 218.01 63,000,000 63,000,000 63,000,000 6.84400% 0.015340% 6.828660% NAP 364,300.42 NAP
4 Loan 6, 10 1 Jordan Creek Town Center Super Regional Mall 2004 NAP 940,038 SF 180.84 61,000,000 61,000,000 61,000,000 7.02000% 0.016590% 7.003410% NAP 361,806.25 NAP
5 Loan 6, 10 1 Galleria at Tyler Super Regional Mall 1970 1991; 2007 565,913 SF 265.06 60,000,000 60,000,000 60,000,000 7.91900% 0.016590% 7.902410% NAP 401,449.31 NAP
6 Loan 22, 24 1 Aliz Hotel Times Square Full Service 2018 NAP 287 Rooms 173,867.60 49,900,000 49,900,000 49,900,000 6.81700% 0.015340% 6.801660% NAP 287,410.72 NAP
7 Loan   1 Bethesda Marriott Full Service 1979 2015 407 Rooms 97,788.70 39,800,000 39,800,000 39,800,000 7.47200% 0.034090% 7.437910% NAP 251,263.30 NAP
8 Loan 26 1 The Vista Student Housing 2017 NAP 670 Beds 57,462.69 38,500,000 38,500,000 38,500,000 6.57900% 0.016590% 6.562410% NAP 214,007.86 NAP
9 Loan 6 1 Respara Mid Rise 2022 NAP 54 Units 1,138,888.89 36,500,000 36,500,000 36,500,000 6.30000% 0.016590% 6.283410% NAP 194,286.46 NAP
10 Loan B 1 Highland Village Retail/Office 1983 2019 214,977 SF 162.81 35,000,000 35,000,000 35,000,000 6.79500% 0.015340% 6.779660% NAP 200,940.10 NAP
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor Limited Service 2008 2018-2019 154 Rooms 222,727.27 34,300,000 34,300,000 34,300,000 7.83100% 0.015340% 7.815660% NAP 226,944.92 NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio Anchored Various Various 291,589 SF 116.60 34,000,000 34,000,000 34,000,000 7.19500% 0.064090% 7.130910% NAP 206,689.70 NAP
12.01 Property   1 Westgate Shopping Center Anchored 1986 2013 208,580 SF   22,000,000 22,000,000 22,000,000            
12.02 Property   1 Airline Shopping Center Anchored 2001 NAP 83,009 SF   12,000,000 12,000,000 12,000,000            
13 Loan   1 Wilshire Colonnade CBD 1968 NAP 369,454 SF 90.67 33,500,000 33,500,000 33,500,000 7.36800% 0.016590% 7.351410% NAP 208,546.81 NAP
14 Loan   1 Drexel Terraces Garden 1902 2023 116 Units 267,241.38 31,000,000 31,000,000 31,000,000 6.20000% 0.015340% 6.184660% NAP 162,391.20 NAP
15 Loan 6, 10, 28 1 Staten Island Mall Super Regional Mall 1972 1993; 2018 995,900 SF 200.82 30,000,000 30,000,000 30,000,000 7.53400% 0.015340% 7.518660% NAP 190,965.97 NAP
16 Loan 6, 12, 20, 27 1 Casa Cipriani Hospitality/Event Space 1909 2021 146,486 SF 702.19 30,000,000 29,959,334 28,550,463 7.27000% 0.015340% 7.254660% 205,060.00 NAP 2,460,720.00
17 Loan 15 1 Canyon Park West Anchored 2000-2022 NAP 152,327 SF 157.90 24,053,000 24,053,000 24,053,000 6.42600% 0.016590% 6.409410% NAP 130,592.76 NAP
18 Loan 6 1 11755 Wilshire CBD 1986 2023-2024 337,440 SF 207.44 18,500,000 18,500,000 18,500,000 7.02400% 0.016590% 7.007410% NAP 109,790.65 NAP
19 Loan   1 Delray Corner Anchored 1981 2006 85,916 SF 215.33 18,500,000 18,500,000 18,500,000 7.19400% 0.015340% 7.178660% NAP 112,447.88 NAP
20 Loan   1 1575 Jersey Ave Warehouse 1970 2017 129,129 SF 131.65 17,000,000 17,000,000 17,000,000 6.80000% 0.015340% 6.784660% NAP 97,671.30 NAP
21 Loan   1 Terrell Plaza Anchored 1965 2012 107,884 SF 153.87 16,600,000 16,600,000 16,600,000 6.95000% 0.015340% 6.934660% NAP 97,476.97 NAP
22 Loan   1 Sherman Oaks First Plaza Unanchored 1979 2019; 2022 62,483 SF 224.06 14,000,000 14,000,000 13,671,577 7.86900% 0.016590% 7.852410% 101,451.42 93,080.07 1,217,417.04
23 Loan 16, E 1 Tahoma Vista Anchored 1968 NAP 107,293 SF 102.99 11,050,000 11,050,000 11,050,000 7.45000% 0.015340% 7.434660% NAP 69,554.89 NAP
24 Loan   1 Greenbox II Self Storage Self Storage 1979 2013 100,551 SF 109.40 11,000,000 11,000,000 11,000,000 7.06900% 0.016590% 7.052410% NAP 65,699.16 NAP
25 Loan   1 Ponder Place Garden 2022 NAP 82 Units 124,298.78 10,192,500 10,192,500 10,192,500 5.98500% 0.015340% 5.969660% NAP 51,541.14 NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio Limited Service Various Various 143 Rooms 69,930.07 10,000,000 10,000,000 9,725,184 7.16500% 0.015340% 7.149660% 67,642.05 60,537.62 811,704.60
26.01 Property   1 La Quinta Inn Brownwood Limited Service 2008 2021-2022 71 Rooms   5,838,500 5,838,500 5,678,049            
26.02 Property   1 Hampton Inn Oklahoma City NE Limited Service 2016 NAP 72 Rooms   4,161,500 4,161,500 4,047,135            
27 Loan F 1 Gateway Square Shopping Center Unanchored 1989; 2004 NAP 87,328 SF 111.65 9,750,000 9,750,000 9,750,000 6.67500% 0.015340% 6.659660% NAP 54,987.63 NAP
28 Loan   1 Elm Street Plaza Anchored 1998; 2009 2020 60,947 SF 155.87 9,500,000 9,500,000 9,500,000 7.14000% 0.015340% 7.124660% NAP 57,310.07 NAP
29 Loan   1 927-933 Flatbush Avenue Unanchored 1920 2014; 2019 45,100 SF 201.77 9,100,000 9,100,000 9,100,000 7.36500% 0.015340% 7.349660% NAP 56,626.96 NAP
30 Loan   1 Northville Shopping Center Phase II Shadow Anchored 2003 NAP 43,169 SF 201.53 8,700,000 8,700,000 8,700,000 6.72000% 0.074090% 6.645910% NAP 49,396.67 NAP
31 Loan 5 1 US Storage Centers - La Crescenta, CA Self Storage 1960 1988 68,605 SF 120.98 8,300,000 8,300,000 8,300,000 6.50000% 0.015340% 6.484660% NAP 45,582.75 NAP
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC Manufactured Housing Various NAP 156 Pads 52,884.62 8,250,000 8,250,000 8,250,000 6.41500% 0.015340% 6.399660% NAP 44,715.67 NAP
32.01 Property   1 Swifts MHC Manufactured Housing 1949 NAP 87 Pads   4,441,000 4,441,000 4,441,000            
32.02 Property   1 Gulf to Bay MHC Manufactured Housing 1955 NAP 69 Pads   3,809,000 3,809,000 3,809,000            
33 Loan   1 Compass Point Medical Complex Medical 2003 2010 65,063 SF 113.12 7,360,000 7,360,000 7,360,000 7.51000% 0.015340% 7.494660% NAP 46,701.07 NAP
34 Loan H 1 Superior Building Office/Retail 1928 2013 45,902 SF 152.50 7,000,000 7,000,000 7,000,000 6.79300% 0.015340% 6.777660% NAP 40,176.19 NAP
35 Loan 13, 17, 18 1 872 East 164th Street Mid Rise 2023 NAP 18 Units 335,000.00 6,030,000 6,030,000 6,030,000 6.76000% 0.015340% 6.744660% NAP 34,440.79 NAP
36 Loan   1 Walnut Grove MHC Manufactured Housing 1954 NAP 52 Pads 107,019.23 5,565,000 5,565,000 5,565,000 6.21000% 0.015340% 6.194660% NAP 29,198.86 NAP
37 Loan   1 Park Place Apartments Garden 2000 NAP 86 Units 61,046.51 5,250,000 5,250,000 5,250,000 7.71400% 0.016590% 7.697410% NAP 34,217.48 NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC Manufactured Housing Various NAP 44 Pads 113,636.36 5,000,000 5,000,000 5,000,000 6.22000% 0.015340% 6.204660% NAP 26,276.62 NAP
38.01 Property   1 Stage Coach MHC Manufactured Housing 1965 NAP 30 Pads   2,863,000 2,863,000 2,863,000            
38.02 Property   1 City Trailer Park Manufactured Housing 1975 NAP 14 Pads   2,137,000 2,137,000 2,137,000            
39 Loan   1 CityLine Milledgeville Self Storage 2000; 2006 NAP 80,330 SF 56.55 4,543,000 4,543,000 4,543,000 6.85900% 0.015340% 6.843660% NAP 26,327.68 NAP
40 Loan   1 1412 College Ave Mid Rise 1930 2023 16 Units 257,812.50 4,125,000 4,125,000 4,125,000 6.53000% 0.015340% 6.514660% NAP 22,758.64 NAP
41 Loan 19 1 Lexington Grand Garden 2009 2023 64 Units 63,671.88 4,075,000 4,075,000 4,075,000 6.96900% 0.016590% 6.952410% NAP 23,994.25 NAP
42 Loan   1 4975 Clark Howell Highway Flex 1975 2022 38,724 SF 85.61 3,315,000 3,315,000 3,315,000 6.86600% 0.015340% 6.850660% NAP 19,230.76 NAP
43 Loan   1 Taylors Square Shadow Anchored 2002 NAP 28,982 SF 112.14 3,250,000 3,250,000 3,250,000 6.90000% 0.015340% 6.884660% NAP 18,947.05 NAP
44 Loan 8 2 East Coast Storage Portfolio Self Storage Various Various 39,530 SF 71.84 2,840,000 2,840,000 2,840,000 7.35000% 0.015340% 7.334660% NAP 17,636.60 NAP
44.01 Property   1 MMJ Self Storage Self Storage 2008 2022 29,530 SF   2,410,000 2,410,000 2,410,000            
44.02 Property   1 AAA Self Storage Self Storage 2005 NAP 10,000 SF   430,000 430,000 430,000            
45 Loan   1 Benton Crossing Shadow Anchored 2008 NAP 14,253 SF 192.94 2,750,000 2,750,000 2,750,000 6.50000% 0.015340% 6.484660% NAP 15,102.72 NAP
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Super Regional Mall 1968 1989; 2005 1,793,638 SF 395.84 2,460,000 2,460,000 2,460,000 6.60060% 0.016703% 6.583898% NAP 13,719.16 NAP

 

 A-1-2 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Annual Debt Service (IO) ($) Amortization Type ARD Loan
 (Yes / No)
Interest
Accrual
Method
Original
Interest-Only
 Period (Mos.)
Remaining Interest-Only Period (Mos.) Original Term
To Maturity /
ARD (Mos.)
Remaining Term
To Maturity /
ARD (Mos.)
Original Amortization
Term (Mos.)
Remaining Amortization
 Term (Mos.)
Origination
Date
Seasoning
(Mos.)
Payment
Due Date
First
Payment Date
First P&I
Payment Date
Maturity Date or Anticipated
Repayment Date
                                         
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre 4,450,668.00 Interest Only No Actual/360 60 58 60 58 0 0 2/9/2024 2 1 4/1/2024 NAP 3/1/2029
2 Loan 8, 9 4 Kleban Retail Portfolio 5,017,553.64 Interest Only No Actual/360 60 60 60 60 0 0 4/3/2024 0 1 6/1/2024 NAP 5/1/2029
2.01 Property   1 Home Depot - Kenner                                
2.02 Property   1 Altamira Shopping Village                                
2.03 Property   1 Walmart - Mobile                                
2.04 Property   1 Walgreens - Garden City                                
3 Loan 6, A 1 Western Digital Milpitas Campus 4,371,605.04 Interest Only No Actual/360 60 57 60 57 0 0 2/9/2024 3 11 3/11/2024 NAP 2/11/2029
4 Loan 6, 10 1 Jordan Creek Town Center 4,341,675.00 Interest Only No Actual/360 60 57 60 57 0 0 2/1/2024 3 1 3/1/2024 NAP 2/1/2029
5 Loan 6, 10 1 Galleria at Tyler 4,817,391.72 Interest Only No Actual/360 60 56 60 56 0 0 12/13/2023 4 1 2/1/2024 NAP 1/1/2029
6 Loan 22, 24 1 Aliz Hotel Times Square 3,448,928.64 Interest Only No Actual/360 60 59 60 59 0 0 3/12/2024 1 1 5/1/2024 NAP 4/1/2029
7 Loan   1 Bethesda Marriott 3,015,159.60 Interest Only No Actual/360 60 57 60 57 0 0 1/24/2024 3 1 3/1/2024 NAP 2/1/2029
8 Loan 26 1 The Vista 2,568,094.32 Interest Only No Actual/360 60 59 60 59 0 0 4/1/2024 1 11 5/11/2024 NAP 4/11/2029
9 Loan 6 1 Respara 2,331,437.52 Interest Only No Actual/360 60 57 60 57 0 0 2/6/2024 3 11 3/11/2024 NAP 2/11/2029
10 Loan B 1 Highland Village 2,411,281.20 Interest Only No Actual/360 60 59 60 59 0 0 4/1/2024 1 1 5/1/2024 NAP 4/1/2029
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor 2,723,339.04 Interest Only No Actual/360 60 59 60 59 0 0 3/8/2024 1 1 5/1/2024 NAP 4/1/2029
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio 2,480,276.40 Interest Only No Actual/360 60 58 60 58 0 0 2/16/2024 2 1 4/1/2024 NAP 3/1/2029
12.01 Property   1 Westgate Shopping Center                                
12.02 Property   1 Airline Shopping Center                                
13 Loan   1 Wilshire Colonnade 2,502,561.72 Interest Only No Actual/360 60 59 60 59 0 0 4/3/2024 1 11 5/11/2024 NAP 4/11/2029
14 Loan   1 Drexel Terraces 1,948,694.40 Interest Only No Actual/360 60 58 60 58 0 0 2/29/2024 2 1 4/1/2024 NAP 3/1/2029
15 Loan 6, 10, 28 1 Staten Island Mall 2,291,591.64 Interest Only No Actual/360 60 57 60 57 0 0 1/18/2024 3 1 3/1/2024 NAP 2/1/2029
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP Amortizing Balloon No Actual/360 0 0 60 58 360 358 2/23/2024 2 6 4/6/2024 4/6/2024 3/6/2029
17 Loan 15 1 Canyon Park West 1,567,113.12 Interest Only No Actual/360 60 59 60 59 0 0 3/28/2024 1 11 5/11/2024 NAP 4/11/2029
18 Loan 6 1 11755 Wilshire 1,317,487.80 Interest Only No Actual/360 60 57 60 57 0 0 1/17/2024 3 11 3/11/2024 NAP 2/11/2029
19 Loan   1 Delray Corner 1,349,374.56 Interest Only No Actual/360 60 57 60 57 0 0 1/23/2024 3 1 3/1/2024 NAP 2/1/2029
20 Loan   1 1575 Jersey Ave 1,172,055.60 Interest Only No Actual/360 60 59 60 59 0 0 3/8/2024 1 1 5/1/2024 NAP 4/1/2029
21 Loan   1 Terrell Plaza 1,169,723.64 Interest Only No Actual/360 60 57 60 57 0 0 1/31/2024 3 1 3/1/2024 NAP 2/1/2029
22 Loan   1 Sherman Oaks First Plaza 1,116,960.84 Interest Only, Amortizing Balloon No Actual/360 24 21 60 57 360 360 2/8/2024 3 11 3/11/2024 3/11/2026 2/11/2029
23 Loan 16, E 1 Tahoma Vista 834,658.68 Interest Only No Actual/360 60 59 60 59 0 0 4/1/2024 1 1 5/1/2024 NAP 4/1/2029
24 Loan   1 Greenbox II Self Storage 788,389.92 Interest Only No Actual/360 60 58 60 58 0 0 2/28/2024 2 11 4/11/2024 NAP 3/11/2029
25 Loan   1 Ponder Place 618,493.68 Interest Only No Actual/360 60 58 60 58 0 0 2/29/2024 2 1 4/1/2024 NAP 3/1/2029
26 Loan 8 2 Oklahoma Texas Hotel Portfolio 726,451.44 Interest Only, Amortizing Balloon No Actual/360 24 23 60 59 360 360 3/20/2024 1 1 5/1/2024 5/1/2026 4/1/2029
26.01 Property   1 La Quinta Inn Brownwood                                
26.02 Property   1 Hampton Inn Oklahoma City NE                                
27 Loan F 1 Gateway Square Shopping Center 659,851.56 Interest Only No Actual/360 60 58 60 58 0 0 2/27/2024 2 1 4/1/2024 NAP 3/1/2029
28 Loan   1 Elm Street Plaza 687,720.84 Interest Only No Actual/360 60 58 60 58 0 0 2/15/2024 2 1 4/1/2024 NAP 3/1/2029
29 Loan   1 927-933 Flatbush Avenue 679,523.52 Interest Only No Actual/360 60 58 60 58 0 0 2/29/2024 2 1 4/1/2024 NAP 3/1/2029
30 Loan   1 Northville Shopping Center Phase II 592,760.04 Interest Only No Actual/360 60 59 60 59 0 0 3/8/2024 1 1 5/1/2024 NAP 4/1/2029
31 Loan 5 1 US Storage Centers - La Crescenta, CA 546,993.00 Interest Only No Actual/360 60 57 60 57 0 0 1/12/2024 3 1 3/1/2024 NAP 2/1/2029
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC 536,588.04 Interest Only No Actual/360 60 59 60 59 0 0 3/19/2024 1 1 5/1/2024 NAP 4/1/2029
32.01 Property   1 Swifts MHC                                
32.02 Property   1 Gulf to Bay MHC                                
33 Loan   1 Compass Point Medical Complex 560,412.84 Interest Only No Actual/360 60 59 60 59 0 0 3/13/2024 1 1 5/1/2024 NAP 4/1/2029
34 Loan H 1 Superior Building 482,114.28 Interest Only No Actual/360 60 59 60 59 0 0 4/1/2024 1 1 5/1/2024 NAP 4/1/2029
35 Loan 13, 17, 18 1 872 East 164th Street 413,289.48 Interest Only No Actual/360 60 58 60 58 0 0 2/15/2024 2 1 4/1/2024 NAP 3/1/2029
36 Loan   1 Walnut Grove MHC 350,386.32 Interest Only No Actual/360 60 60 60 60 0 0 4/3/2024 0 1 6/1/2024 NAP 5/1/2029
37 Loan   1 Park Place Apartments 410,609.76 Interest Only No Actual/360 60 59 60 59 0 0 4/3/2024 1 11 5/11/2024 NAP 4/11/2029
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC 315,319.44 Interest Only No Actual/360 60 60 60 60 0 0 4/3/2024 0 1 6/1/2024 NAP 5/1/2029
38.01 Property   1 Stage Coach MHC                                
38.02 Property   1 City Trailer Park                                
39 Loan   1 CityLine Milledgeville 315,932.16 Interest Only No Actual/360 60 57 60 57 0 0 1/23/2024 3 1 3/1/2024 NAP 2/1/2029
40 Loan   1 1412 College Ave 273,103.68 Interest Only No Actual/360 60 55 60 55 0 0 11/7/2023 5 1 1/1/2024 NAP 12/1/2028
41 Loan 19 1 Lexington Grand 287,931.00 Interest Only No Actual/360 60 59 60 59 0 0 3/28/2024 1 11 5/11/2024 NAP 4/11/2029
42 Loan   1 4975 Clark Howell Highway 230,769.12 Interest Only No Actual/360 60 58 60 58 0 0 2/20/2024 2 1 4/1/2024 NAP 3/1/2029
43 Loan   1 Taylors Square 227,364.60 Interest Only No Actual/360 60 58 60 58 0 0 2/2/2024 2 5 4/5/2024 NAP 3/5/2029
44 Loan 8 2 East Coast Storage Portfolio 211,639.20 Interest Only No Actual/360 60 60 60 60 0 0 4/4/2024 0 1 6/1/2024 NAP 5/1/2029
44.01 Property   1 MMJ Self Storage                                
44.02 Property   1 AAA Self Storage                                
45 Loan   1 Benton Crossing 181,232.64 Interest Only No Actual/360 60 59 60 59 0 0 3/28/2024 1 5 5/5/2024 NAP 4/5/2029
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center 164,629.92 Interest Only No Actual/360 60 55 60 55 0 0 12/4/2023 5 6 1/6/2024 NAP 12/6/2028

 

 A-1-3 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Final
Maturity Date
Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent
EGI ($)
Most Recent Expenses ($) Most Recent
NOI ($)
Most Recent
NOI Date
Most Recent Description Second Most Recent EGI ($) Second Most
Recent Expenses ($)
Second Most Recent NOI ($) Second Most Recent NOI Date
                9, 10, 11                  
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre NAP 0 0 L(26),D(27),O(7) 51,156,712 13,470,861 37,685,851 12/31/2023 T-12 50,448,758 13,294,184 37,154,574 12/31/2022
2 Loan 8, 9 4 Kleban Retail Portfolio NAP 0 0 L(24),D(29),O(7) 7,962,318 1,182,241 6,780,077 12/31/2023 T-12 8,078,823 1,156,161 6,922,662 12/31/2022
2.01 Property   1 Home Depot - Kenner         3,500,000 156,251 3,343,749 12/31/2023 T-12 3,500,000 163,653 3,336,347 12/31/2022
2.02 Property   1 Altamira Shopping Village         2,894,692 817,258 2,077,434 12/31/2023 T-12 2,984,366 745,778 2,238,588 12/31/2022
2.03 Property   1 Walmart - Mobile         1,091,626 184,931 906,695 12/31/2023 T-12 1,118,457 221,114 897,343 12/31/2022
2.04 Property   1 Walgreens - Garden City         476,000 23,800 452,200 12/31/2023 T-12 476,000 25,616 450,384 12/31/2022
3 Loan 6, A 1 Western Digital Milpitas Campus NAP 0 0 L(12),YM1(14),DorYM1(27),O(7) NAV NAV NAV NAV NAV NAV NAV NAV NAV
4 Loan 6, 10 1 Jordan Creek Town Center NAP 0 0 L(27),D(29),O(4) 38,499,461 14,452,236 24,047,225 12/31/2023 T-12 34,880,800 13,031,356 21,849,444 12/31/2022
5 Loan 6, 10 1 Galleria at Tyler NAP 0 0 L(28),D(25),O(7) 35,273,885 11,275,921 23,997,964 11/30/2023 T-12 35,459,583 11,035,894 24,423,689 12/31/2022
6 Loan 22, 24 1 Aliz Hotel Times Square NAP 0 0 L(25),D(29),O(6) 23,590,685 12,177,016 11,413,670 12/31/2023 T-12 19,655,300 10,623,121 9,032,179 12/31/2022
7 Loan   1 Bethesda Marriott NAP 0 5 L(27),D(26),O(7) 22,089,012 16,329,630 5,759,382 12/31/2023 T-12 18,059,841 14,263,818 3,796,024 12/31/2022
8 Loan 26 1 The Vista NAP 0 0 L(24),YM1(32),O(4) 6,041,221 2,456,746 3,584,474 12/31/2023 T-12 5,734,245 2,392,949 3,341,296 12/31/2022
9 Loan 6 1 Respara NAP 0 0 L(26),DorYM1(27),O(7) NAV NAV NAV NAV NAV NAV NAV NAV NAV
10 Loan B 1 Highland Village NAP 5 5 L(25),DorYM1(31),O(4) 5,882,028 2,721,619 3,160,409 12/31/2023 T-12 5,826,104 2,682,908 3,143,196 12/31/2022
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP 0 0 L(25),YM1(30),O(5) 10,128,161 5,554,298 4,573,863 1/31/2024 T-12 10,040,638 5,491,293 4,549,345 12/31/2023
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio NAP 0 5 L(23),YM1(33),O(4) 6,237,884 1,883,683 4,354,201 12/31/2023 T-12 5,318,742 1,488,321 3,830,421 12/31/2022
12.01 Property   1 Westgate Shopping Center         4,170,366 1,286,006 2,884,359 12/31/2023 T-12 3,457,097 1,001,294 2,455,803 12/31/2022
12.02 Property   1 Airline Shopping Center         2,067,518 597,676 1,469,842 12/31/2023 T-12 1,861,645 487,027 1,374,618 12/31/2022
13 Loan   1 Wilshire Colonnade NAP 0 0 L(24),D(32),O(4) 9,852,041 5,445,040 4,407,001 12/31/2023 T-12 10,292,792 5,276,584 5,016,208 12/31/2022
14 Loan   1 Drexel Terraces NAP 5 5 L(26),D(29),O(5) NAV NAV NAV NAV NAV NAV NAV NAV NAV
15 Loan 6, 10, 28 1 Staten Island Mall NAP 0 0 L(27),D(26),O(7) 62,702,116 26,119,900 36,582,216 10/31/2023 T-12 64,758,020 31,478,198 33,279,822 12/31/2022
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP 0 0 L(26),D(27),O(7) 76,670,902 53,018,686 23,652,216 12/31/2023 T-12 62,610,528 46,051,002 16,559,526 12/31/2022
17 Loan 15 1 Canyon Park West NAP 0 0 L(24),D(32),O(4) 2,705,178 693,352 2,011,826 12/31/2023 T-12 2,645,174 709,356 1,935,818 12/31/2022
18 Loan 6 1 11755 Wilshire NAP 0 0 L(26),D(27),O(7) 13,546,661 5,680,514 7,866,147 10/31/2023 T-12 14,918,322 7,223,595 7,694,727 12/31/2022
19 Loan   1 Delray Corner NAP 0 5 L(27),D(28),O(5) 1,876,013 831,107 1,044,906 9/30/2023 T-12 1,913,860 758,503 1,155,357 12/31/2022
20 Loan   1 1575 Jersey Ave NAP 5 5 L(25),D(28),O(7) NAV NAV NAV NAV NAV NAV NAV NAV NAV
21 Loan   1 Terrell Plaza NAP 0 5 L(27),D(26),O(7) 2,836,969 846,183 1,990,787 11/30/2023 T-3 Annualized 2,761,348 1,067,370 1,693,978 12/31/2022
22 Loan   1 Sherman Oaks First Plaza NAP 0 0 L(26),D(27),O(7) 2,234,200 652,840 1,581,360 12/31/2023 T-12 2,229,277 641,527 1,587,750 12/31/2022
23 Loan 16, E 1 Tahoma Vista NAP 0 5 L(23),YM1(33),O(4) 1,311,964 315,555 996,409 12/31/2023 T-12 1,168,883 449,384 719,499 12/31/2022
24 Loan   1 Greenbox II Self Storage NAP 0 0 L(25),D(31),O(4) 1,770,121 614,091 1,156,029 12/31/2023 T-12 1,792,617 564,687 1,227,930 12/31/2022
25 Loan   1 Ponder Place NAP 5 5 L(26),D(30),O(4) 1,269,791 415,375 854,416 12/31/2023 T-3 Annualized NAV NAV NAV NAV
26 Loan 8 2 Oklahoma Texas Hotel Portfolio NAP 0 0 L(25),D(28),O(7) 4,220,761 2,281,997 1,938,765 12/31/2023 T-12 4,102,379 2,393,384 1,708,995 12/31/2022
26.01 Property   1 La Quinta Inn Brownwood         2,653,157 1,269,445 1,383,713 12/31/2023 T-12 2,469,688 1,495,651 974,037 12/31/2022
26.02 Property   1 Hampton Inn Oklahoma City NE         1,567,604 1,012,552 555,052 12/31/2023 T-12 1,632,691 897,733 734,958 12/31/2022
27 Loan F 1 Gateway Square Shopping Center NAP 5 5 L(26),YM1(27),O(7) 2,767,139 902,475 1,864,664 12/31/2023 T-12 2,533,144 778,190 1,754,953 12/31/2022
28 Loan   1 Elm Street Plaza NAP 5 5 L(26),D(30),O(4) 1,524,657 533,783 990,874 10/31/2023 T-12 1,566,168 579,864 986,304 12/31/2022
29 Loan   1 927-933 Flatbush Avenue NAP 5 5 L(26),D(29),O(5) 1,282,101 195,496 1,086,605 12/31/2023 T-12 1,075,551 343,780 731,771 12/31/2022
30 Loan   1 Northville Shopping Center Phase II NAP 5 5 L(25),D(28),O(7) 1,428,584 534,405 894,179 12/31/2023 T-12 1,225,939 517,100 708,839 12/31/2022
31 Loan 5 1 US Storage Centers - La Crescenta, CA NAP 5 4 L(27),D(26),O(7) 2,309,692 588,957 1,720,735 11/30/2023 T-12 2,220,461 555,965 1,664,496 12/31/2022
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC NAP 5 5 L(23),YM1(30),O(7) 1,101,313 483,864 617,449 2/29/2024 T-12 1,087,057 508,237 578,820 12/31/2023
32.01 Property   1 Swifts MHC         616,904 283,368 333,536 2/29/2024 T-12 602,034 291,206 310,829 12/31/2023
32.02 Property   1 Gulf to Bay MHC         484,409 200,496 283,913 2/29/2024 T-12 485,022 217,031 267,991 12/31/2023
33 Loan   1 Compass Point Medical Complex NAP 0 0 L(25),D(31),O(4) 1,079,329 604,154 475,175 10/31/2023 T-12 1,110,739 597,728 513,011 12/31/2022
34 Loan H 1 Superior Building NAP 5 4 L(25),DorYM1(28),O(7) 1,400,166 515,765 884,401 12/31/2023 T-12 1,540,452 517,832 1,022,620 12/31/2022
35 Loan 13, 17, 18 1 872 East 164th Street NAP 0 5 L(26),D(30),O(4) NAV NAV NAV NAV NAV NAV NAV NAV NAV
36 Loan   1 Walnut Grove MHC NAP 5 5 L(24),D(31),O(5) 699,110 208,856 490,254 1/31/2024 T-12 692,152 203,341 488,811 11/30/2023
37 Loan   1 Park Place Apartments NAP 0 0 L(24),D(29),O(7) 897,045 305,104 591,941 2/29/2024 T-12 868,940 302,760 566,180 12/31/2023
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC NAP 5 5 L(24),D(31),O(5) 594,173 138,773 455,400 1/31/2024 T-12 584,372 136,279 448,093 11/30/2023
38.01 Property   1 Stage Coach MHC         332,292 79,090 253,202 1/31/2024 T-12 325,455 78,539 246,916 11/30/2023
38.02 Property   1 City Trailer Park         261,881 59,683 202,198 1/31/2024 T-12 258,917 57,740 201,177 11/30/2023
39 Loan   1 CityLine Milledgeville NAP 5 4 L(27),D(26),O(7) 669,412 379,325 290,087 11/30/2023 T-12 620,041 376,002 244,039 12/31/2022
40 Loan   1 1412 College Ave NAP 5 5 L(29),D(27),O(4) NAV NAV NAV NAV NAV NAV NAV NAV NAV
41 Loan 19 1 Lexington Grand NAP 0 0 L(24),D(29),O(7) 535,144 241,274 293,870 2/29/2024 T-12 517,827 255,366 262,461 12/31/2023
42 Loan   1 4975 Clark Howell Highway NAP 5 4 L(26),D(30),O(4) 395,164 234,611 160,553 12/31/2023 T-12 NAV NAV NAV NAV
43 Loan   1 Taylors Square NAP 0 0 L(26),D(30),O(4) 490,780 92,621 398,158 12/31/2023 T-12 509,001 86,576 422,424 12/31/2022
44 Loan 8 2 East Coast Storage Portfolio NAP 0 5 L(24),D(32),O(4) 394,958 60,101 334,857 1/31/2024 T-3 Annualized 240,896 45,710 195,186 12/31/2023
44.01 Property   1 MMJ Self Storage         318,819 44,069 274,750 1/31/2024 T-3 Annualized 240,896 45,710 195,186 12/31/2023
44.02 Property   1 AAA Self Storage         76,139 16,032 60,107 1/31/2024 T-3 Annualized NAV NAV NAV NAV
45 Loan   1 Benton Crossing NAP 0 0 L(25),D(31),O(4) 492,072 142,327 349,745 12/31/2023 T-12 478,662 126,375 352,287 12/31/2022
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center NAP 5 0 L(28),YM1(1),DorYM1(24),O(7) 129,617,825 44,086,503 85,531,322 9/30/2023 T-12 127,448,218 42,843,235 84,604,983 12/31/2022

 

 A-1-4 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Second Most Recent Description Third Most Recent EGI ($) Third Most
Recent Expenses ($)
Third Most Recent NOI ($) Third Most
Recent NOI Date
Third Most
Recent Description
Underwritten Economic Occupancy (%) Underwritten
EGI ($)
Underwritten
Expenses ($)
Underwritten Net
 Operating Income ($)
Underwritten Replacement /
FF&E Reserve ($)
Underwritten
TI / LC ($)
Underwritten
Net Cash Flow ($)
Underwritten
NOI DSCR (x)
                                    6, 8, 12, 13
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre T-12 46,624,468 12,851,993 33,772,475 12/31/2021 T-12 92.8% 50,721,444 12,770,752 37,950,692 206,628 1,604,875 36,139,189 2.30
2 Loan 8, 9 4 Kleban Retail Portfolio T-12 7,830,380 1,105,164 6,725,216 12/31/2021 T-12 95.9% 7,812,423 974,214 6,838,209 80,797 232,039 6,525,373 1.36
2.01 Property   1 Home Depot - Kenner T-12 3,500,000 153,011 3,346,989 12/31/2021 T-12 97.0% 3,395,000 125,442 3,269,558 26,178 0 3,243,380  
2.02 Property   1 Altamira Shopping Village T-12 2,770,505 757,875 2,012,630 12/31/2021 T-12 95.0% 2,955,424 789,715 2,165,709 22,422 164,761 1,978,526  
2.03 Property   1 Walmart - Mobile T-12 1,083,875 170,479 913,396 12/31/2021 T-12 95.0% 1,009,799 45,491 964,308 30,013 46,530 887,765  
2.04 Property   1 Walgreens - Garden City T-12 476,000 23,800 452,200 12/31/2021 T-12 95.0% 452,200 13,566 438,634 2,184 20,748 415,702  
3 Loan 6, A 1 Western Digital Milpitas Campus NAV NAV NAV NAV NAV NAV 95.0% 19,594,476 4,495,012 15,099,464 57,796 809,839 14,231,829 1.73
4 Loan 6, 10 1 Jordan Creek Town Center T-12 31,769,738 13,191,313 18,578,424 12/31/2021 T-12 98.0% 39,618,452 15,095,846 24,522,606 263,211 940,038 23,319,357 2.03
5 Loan 6, 10 1 Galleria at Tyler T-12 30,204,741 10,695,470 19,509,271 12/31/2021 T-12 87.9% 36,420,340 11,434,747 24,985,593 209,388 1,131,826 23,644,379 2.07
6 Loan 22, 24 1 Aliz Hotel Times Square T-12 8,875,093 7,110,253 1,764,840 12/31/2021 T-12 81.2% 23,590,685 12,381,306 11,209,379 943,627 0 10,265,752 3.25
7 Loan   1 Bethesda Marriott T-12 7,664,551 9,151,041 (1,486,490) 12/31/2021 T-12 55.6% 22,089,012 16,456,040 5,632,972 1,104,451 0 4,528,521 1.87
8 Loan 26 1 The Vista T-12 4,873,291 2,245,209 2,628,082 12/31/2021 T-12 86.6% 6,144,545 2,504,654 3,639,891 92,369 0 3,547,522 1.42
9 Loan 6 1 Respara NAV NAV NAV NAV NAV NAV 94.9% 6,722,232 1,803,306 4,918,926 13,500 0 4,905,426 1.25
10 Loan B 1 Highland Village T-12 4,726,913 2,399,942 2,326,971 12/31/2021 T-12 89.0% 6,675,758 2,774,569 3,901,189 32,247 137,645 3,731,297 1.62
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor T-12 7,857,258 4,725,581 3,131,676 12/31/2022 T-12 78.9% 10,128,161 5,424,375 4,703,785 405,126 0 4,298,659 1.73
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio T-12 5,431,362 1,279,634 4,151,728 12/31/2021 T-12 95.0% 6,377,851 2,127,840 4,250,011 43,738 281,677 3,924,595 1.71
12.01 Property   1 Westgate Shopping Center T-12 3,612,837 872,180 2,740,657 12/31/2021 T-12 95.0% 4,295,205 1,456,634 2,838,571 31,287 195,448 2,611,836  
12.02 Property   1 Airline Shopping Center T-12 1,818,525 407,454 1,411,071 12/31/2021 T-12 95.0% 2,082,646 671,206 1,411,440 12,451 86,229 1,312,760  
13 Loan   1 Wilshire Colonnade T-12 10,562,855 5,161,150 5,401,705 12/31/2021 T-12 78.4% 9,669,775 5,434,202 4,235,573 73,891 404,181 3,757,501 1.69
14 Loan   1 Drexel Terraces NAV NAV NAV NAV NAV NAV 95.0% 3,214,629 673,075 2,541,554 29,000 0 2,512,554 1.30
15 Loan 6, 10, 28 1 Staten Island Mall T-12 56,053,376 32,087,459 23,965,918 12/31/2021 T-12 87.5% 63,861,272 30,795,311 33,065,961 199,180 995,900 31,870,881 2.16
16 Loan 6, 12, 20, 27 1 Casa Cipriani T-12 19,895,595 19,620,191 275,404 12/31/2021 T-12 65.0% 76,670,902 54,048,705 22,622,197 2,526,674 0 20,095,523 2.68
17 Loan 15 1 Canyon Park West T-12 2,686,299 748,101 1,938,198 12/31/2021 T-12 95.0% 2,946,367 723,152 2,223,216 30,465 114,245 2,078,506 1.42
18 Loan 6 1 11755 Wilshire T-12 14,215,892 6,714,245 7,501,648 12/31/2021 T-12 62.4% 15,346,002 5,452,684 9,893,318 67,488 843,600 8,982,230 1.98
19 Loan   1 Delray Corner T-12 1,918,143 701,447 1,216,696 12/31/2021 T-12 95.5% 2,872,588 914,256 1,958,332 35,722 101,602 1,821,007 1.45
20 Loan   1 1575 Jersey Ave NAV NAV NAV NAV NAV NAV 92.2% 2,153,952 422,523 1,731,429 12,913 83,460 1,635,056 1.48
21 Loan   1 Terrell Plaza T-12 2,769,846 1,010,319 1,759,527 12/31/2021 T-12 94.7% 3,140,456 1,075,692 2,064,764 16,183 167,513 1,881,068 1.77
22 Loan   1 Sherman Oaks First Plaza T-12 2,222,428 543,192 1,679,236 12/31/2021 T-12 86.4% 2,415,953 645,126 1,770,827 12,771 6,242 1,751,814 1.45
23 Loan 16, E 1 Tahoma Vista T-12 1,131,481 360,298 771,184 12/31/2021 T-12 95.0% 1,689,277 474,078 1,215,199 16,034 96,204 1,102,961 1.46
24 Loan   1 Greenbox II Self Storage T-12 1,698,957 598,781 1,100,175 12/31/2021 T-12 84.3% 1,770,120 702,617 1,067,503 21,981 0 1,045,522 1.35
25 Loan   1 Ponder Place NAV NAV NAV NAV NAV NAV 94.9% 1,235,136 420,844 814,292 20,500 0 793,792 1.32
26 Loan 8 2 Oklahoma Texas Hotel Portfolio T-12 3,371,165 2,118,531 1,252,634 12/31/2021 T-12 73.5% 4,220,761 2,395,351 1,825,410 168,830 0 1,656,580 2.25
26.01 Property   1 La Quinta Inn Brownwood T-12 1,966,099 1,063,308 902,791 12/31/2021 T-12 82.1% 2,653,157 1,297,838 1,355,319 106,126 0 1,249,193  
26.02 Property   1 Hampton Inn Oklahoma City NE T-12 1,405,066 1,055,223 349,843 12/31/2021 T-12 65.0% 1,567,604 1,097,513 470,091 62,704 0 407,387  
27 Loan F 1 Gateway Square Shopping Center T-12 2,393,197 774,495 1,618,702 12/31/2021 T-12 89.2% 2,974,986 907,985 2,067,001 17,466 174,656 1,874,879 3.13
28 Loan   1 Elm Street Plaza T-12 1,488,926 556,027 932,899 12/31/2021 T-12 95.0% 1,565,824 595,059 970,765 9,142 62,623 899,000 1.41
29 Loan   1 927-933 Flatbush Avenue T-12 1,066,990 332,343 734,647 12/31/2021 T-12 95.0% 1,318,129 348,535 969,594 6,765 57,728 905,101 1.43
30 Loan   1 Northville Shopping Center Phase II T-12 1,031,708 454,933 576,775 12/31/2021 T-12 95.0% 1,516,426 581,955 934,471 9,929 55,505 869,037 1.58
31 Loan 5 1 US Storage Centers - La Crescenta, CA T-12 2,054,716 517,031 1,537,685 12/31/2021 T-12 86.9% 2,276,737 527,564 1,749,173 21,206 0 1,727,967 3.20
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC T-12 885,785 550,008 335,777 12/31/2022 T-12 92.2% 1,250,155 537,921 712,234 9,856 0 702,378 1.33
32.01 Property   1 Swifts MHC T-12 462,996 259,011 203,986 12/31/2022 T-12 94.1% 678,577 296,968 381,609 4,750 0 376,859  
32.02 Property   1 Gulf to Bay MHC T-12 422,788 290,997 131,791 12/31/2022 T-12 90.0% 571,578 240,953 330,625 5,106 0 325,519  
33 Loan   1 Compass Point Medical Complex T-12 1,191,778 633,483 558,295 12/31/2021 T-12 95.0% 1,490,108 597,330 892,778 13,013 71,627 808,139 1.59
34 Loan H 1 Superior Building T-12 1,445,513 474,765 970,748 12/31/2021 T-12 92.3% 1,563,882 514,241 1,049,641 10,926 61,942 976,773 2.18
35 Loan 13, 17, 18 1 872 East 164th Street NAV NAV NAV NAV NAV NAV 95.0% 692,938 119,504 573,433 4,500 0 568,933 1.39
36 Loan   1 Walnut Grove MHC T-12 630,916 182,083 448,833 12/31/2022 T-12 95.0% 686,917 228,578 458,339 2,800 0 455,539 1.31
37 Loan   1 Park Place Apartments T-12 829,367 288,367 541,000 12/31/2022 T-12 95.0% 902,509 327,167 575,342 21,500 0 553,842 1.40
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC T-12 552,664 131,698 420,967 12/31/2022 T-12 95.2% 582,769 169,174 413,595 3,200 0 410,395 1.31
38.01 Property   1 Stage Coach MHC T-12 307,875 83,639 224,235 12/31/2022 T-12 96.4% 331,472 94,167 237,305 1,900 0 235,405  
38.02 Property   1 City Trailer Park T-12 244,790 48,058 196,732 12/31/2022 T-12 93.7% 251,296 75,006 176,290 1,300 0 174,990  
39 Loan   1 CityLine Milledgeville T-12 572,193 335,368 236,825 12/31/2021 T-12 78.4% 667,605 218,078 449,527 11,330 0 438,197 1.42
40 Loan   1 1412 College Ave NAV NAV NAV NAV NAV NAV 95.0% 503,846 82,187 421,658 4,000 0 417,658 1.54
41 Loan 19 1 Lexington Grand T-12 NAV NAV NAV NAV NAV 95.0% 600,736 217,460 383,276 16,000 0 367,276 1.33
42 Loan   1 4975 Clark Howell Highway NAV NAV NAV NAV NAV NAV 90.2% 515,152 101,762 413,390 5,809 18,752 388,830 1.79
43 Loan   1 Taylors Square T-12 516,603 81,297 435,307 12/31/2021 T-12 95.0% 502,255 89,085 413,169 5,055 25,837 382,277 1.82
44 Loan 8 2 East Coast Storage Portfolio T-12 171,957 36,352 135,605 12/31/2022 T-12 91.2% 396,833 114,769 282,064 5,930 0 276,134 1.33
44.01 Property   1 MMJ Self Storage T-12 171,957 36,352 135,605 12/31/2022 T-12 92.0% 323,701 85,082 238,619 4,430 0 234,189  
44.02 Property   1 AAA Self Storage NAV NAV NAV NAV NAV NAV 88.0% 73,132 29,687 43,445 1,500 0 41,945  
45 Loan   1 Benton Crossing T-12 551,041 158,369 392,672 12/31/2021 T-12 95.0% 556,972 147,207 409,765 2,851 28,369 378,546 2.26
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center T-12 126,677,910 43,141,634 83,536,276 12/31/2021 T-12 92.2% 140,618,916 43,516,369 97,102,547 358,728 1,793,638 94,950,181 2.04

 

 A-1-5 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten
NCF DSCR (x)
Underwritten NOI Debt Yield (%) Underwritten NCF Debt Yield (%) Appraised
Value ($)
Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single
Tenant (Y/N)
          6, 8, 12, 13 6, 8, 12, 13 6, 8, 12, 13 14, 15, 16, 17, 18 14, 15, 16, 17, 18   6, 8, 19 6, 8, 19 2, 20    
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre 2.19 14.6% 13.9% 571,200,000 As Is 1/23/2024 45.5% 45.5% 95.2% 12/31/2023 No
2 Loan 8, 9 4 Kleban Retail Portfolio 1.30 9.8% 9.3% 106,450,000 As Is Various 65.6% 65.6% 100.0% Various  
2.01 Property   1 Home Depot - Kenner       53,800,000 As Is 3/27/2024     100.0% 5/1/2024 Yes
2.02 Property   1 Altamira Shopping Village       30,200,000 As Is 4/1/2024     100.0% 1/1/2024 No
2.03 Property   1 Walmart - Mobile       15,700,000 As Is 3/26/2024     100.0% 5/1/2024 Yes
2.04 Property   1 Walgreens - Garden City       6,750,000 As Is 3/25/2024     100.0% 5/1/2024 Yes
3 Loan 6, A 1 Western Digital Milpitas Campus 1.63 12.0% 11.3% 197,000,000 As Is 9/5/2023 64.0% 64.0% 100.0% 5/11/2024 Yes
4 Loan 6, 10 1 Jordan Creek Town Center 1.93 14.4% 13.7% 321,000,000 As Is 12/1/2023 53.0% 53.0% 97.1% 12/31/2023 No
5 Loan 6, 10 1 Galleria at Tyler 1.96 16.7% 15.8% 300,000,000 As Is 10/12/2023 50.0% 50.0% 90.3% 12/18/2023 No
6 Loan 22, 24 1 Aliz Hotel Times Square 2.98 22.5% 20.6% 143,000,000 As Is 12/11/2023 34.9% 34.9% 81.2% 12/31/2023 NAP
7 Loan   1 Bethesda Marriott 1.50 14.2% 11.4% 78,000,000 As Is 12/1/2023 51.0% 51.0% 55.6% 12/31/2023 NAP
8 Loan 26 1 The Vista 1.38 9.5% 9.2% 59,500,000 As Is 1/31/2024 64.7% 64.7% 88.1% 3/20/2024 NAP
9 Loan 6 1 Respara 1.25 8.0% 8.0% 93,000,000 As Is 1/5/2024 66.1% 66.1% 96.3% 2/1/2024 NAP
10 Loan B 1 Highland Village 1.55 11.1% 10.7% 56,300,000 As Is 3/8/2024 62.2% 62.2% 88.8% 3/23/2024 No
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor 1.58 13.7% 12.5% 49,000,000 As If PIP Escrowed 12/19/2023 70.0% 70.0% 78.9% 1/31/2024 NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio 1.58 12.5% 11.5% 63,800,000 As Is 12/18/2023 53.3% 53.3% 100.0% 1/23/2024  
12.01 Property   1 Westgate Shopping Center       44,400,000 As Is 12/18/2023     100.0% 1/23/2024 No
12.02 Property   1 Airline Shopping Center       19,400,000 As Is 12/18/2023     100.0% 1/23/2024 No
13 Loan   1 Wilshire Colonnade 1.50 12.6% 11.2% 61,000,000 As Is 11/16/2023 54.9% 54.9% 78.2% 3/18/2024 No
14 Loan   1 Drexel Terraces 1.29 8.2% 8.1% 50,200,000 As Is 1/30/2024 61.8% 61.8% 100.0% 1/24/2024 NAP
15 Loan 6, 10, 28 1 Staten Island Mall 2.09 16.5% 15.9% 467,000,000 As Is 8/22/2023 42.8% 42.8% 87.3% 11/30/2023 No
16 Loan 6, 12, 20, 27 1 Casa Cipriani 2.38 22.0% 19.5% 206,000,000 As Is 8/10/2023 49.9% 47.6% 65.0% 12/31/2023 NAP
17 Loan 15 1 Canyon Park West 1.33 9.2% 8.6% 35,900,000 Market Value Hypothetical With Reserve 2/13/2024 67.0% 67.0% 100.0% 3/18/2024 No
18 Loan 6 1 11755 Wilshire 1.80 14.1% 12.8% 164,000,000 As Is 12/1/2023 42.7% 42.7% 62.9% 1/9/2024 No
19 Loan   1 Delray Corner 1.35 10.6% 9.8% 27,400,000 As Is 11/29/2023 67.5% 67.5% 97.7% 10/31/2023 No
20 Loan   1 1575 Jersey Ave 1.40 10.2% 9.6% 29,100,000 As Is 2/1/2024 58.4% 58.4% 92.9% 1/1/2024 No
21 Loan   1 Terrell Plaza 1.61 12.4% 11.3% 26,800,000 As Is 12/15/2023 61.9% 61.9% 95.8% 12/15/2023 No
22 Loan   1 Sherman Oaks First Plaza 1.44 12.6% 12.5% 30,000,000 As Is 9/26/2023 46.7% 45.6% 82.6% 4/1/2024 No
23 Loan 16, E 1 Tahoma Vista 1.32 11.0% 10.0% 17,590,000 As Is Assuming Extraordinary Assumption 2/22/2024 62.8% 62.8% 100.0% 3/20/2024 No
24 Loan   1 Greenbox II Self Storage 1.33 9.7% 9.5% 20,100,000 As Is 1/11/2024 54.7% 54.7% 79.1% 12/31/2023 NAP
25 Loan   1 Ponder Place 1.28 8.0% 7.8% 15,100,000 As Is 12/8/2023 67.5% 67.5% 97.6% 2/13/2024 NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio 2.04 18.3% 16.6% 16,200,000 As Is Various 61.7% 60.0% 73.5% 12/31/2023  
26.01 Property   1 La Quinta Inn Brownwood       9,400,000 As Is 1/18/2024     82.1% 12/31/2023 NAP
26.02 Property   1 Hampton Inn Oklahoma City NE       6,800,000 As Is 1/17/2024     65.0% 12/31/2023 NAP
27 Loan F 1 Gateway Square Shopping Center 2.84 21.2% 19.2% 32,300,000 As Is 1/11/2024 30.2% 30.2% 89.9% 1/30/2024 No
28 Loan   1 Elm Street Plaza 1.31 10.2% 9.5% 15,800,000 As Is 9/5/2023 60.1% 60.1% 100.0% 11/1/2023 No
29 Loan   1 927-933 Flatbush Avenue 1.33 10.7% 9.9% 14,300,000 As Is 1/5/2024 63.6% 63.6% 100.0% 1/1/2024 No
30 Loan   1 Northville Shopping Center Phase II 1.47 10.7% 10.0% 13,100,000 As Is 2/7/2024 66.4% 66.4% 96.1% 2/23/2024 No
31 Loan 5 1 US Storage Centers - La Crescenta, CA 3.16 21.1% 20.8% 28,850,000 As Is 11/14/2023 28.8% 28.8% 89.3% 11/30/2023; 1/1/2024 No
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC 1.31 8.6% 8.5% 14,000,000 As Is 1/5/2024 58.9% 58.9% 92.3% 2/1/2024  
32.01 Property   1 Swifts MHC       7,100,000 As Is 1/5/2024     94.3% 2/1/2024 NAP
32.02 Property   1 Gulf to Bay MHC       6,900,000 As Is 1/5/2024     89.9% 2/1/2024 NAP
33 Loan   1 Compass Point Medical Complex 1.44 12.1% 11.0% 10,900,000 As Is 11/14/2023 67.5% 67.5% 96.0% 11/1/2023 No
34 Loan H 1 Superior Building 2.03 15.0% 14.0% 16,200,000 As Is 2/29/2024 43.2% 43.2% 90.4% 2/29/2024 No
35 Loan 13, 17, 18 1 872 East 164th Street 1.38 9.5% 9.4% 9,800,000 As Stabilized 1/1/2024 61.5% 61.5% 88.9% 2/2/2024 NAP
36 Loan   1 Walnut Grove MHC 1.30 8.2% 8.2% 8,400,000 As Is 2/16/2024 66.3% 66.3% 94.2% 3/31/2024 NAP
37 Loan   1 Park Place Apartments 1.35 11.0% 10.5% 9,040,000 As Is 11/28/2023 58.1% 58.1% 100.0% 3/12/2024 NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC 1.30 8.3% 8.2% 7,400,000 As Is 2/16/2024 67.6% 67.6% 95.5% 3/31/2024  
38.01 Property   1 Stage Coach MHC       4,400,000 As Is 2/16/2024     96.7% 3/31/2024 NAP
38.02 Property   1 City Trailer Park       3,000,000 As Is 2/16/2024     92.9% 3/31/2024 NAP
39 Loan   1 CityLine Milledgeville 1.39 9.9% 9.6% 6,780,000 As Is 11/27/2023 67.0% 67.0% 85.2% 12/31/2023 NAP
40 Loan   1 1412 College Ave 1.53 10.2% 10.1% 6,650,000 As Is 3/15/2024 62.0% 62.0% 100.0% 11/1/2023 NAP
41 Loan 19 1 Lexington Grand 1.28 9.4% 9.0% 6,575,000 As Is 1/18/2024 62.0% 62.0% 96.9% 2/29/2024 NAP
42 Loan   1 4975 Clark Howell Highway 1.68 12.5% 11.7% 5,100,000 As Is 2/1/2024 65.0% 65.0% 90.1% 2/8/2024 No
43 Loan   1 Taylors Square 1.68 12.7% 11.8% 5,600,000 As Is 12/22/2023 58.0% 58.0% 100.0% 10/1/2023 No
44 Loan 8 2 East Coast Storage Portfolio 1.30 9.9% 9.7% 4,370,000 As Is Various 65.0% 65.0% 99.5% 3/11/2024  
44.01 Property   1 MMJ Self Storage       3,500,000 As Is 2/13/2024     99.3% 3/11/2024 NAP
44.02 Property   1 AAA Self Storage       870,000 As Is 2/21/2024     100.0% 3/11/2024 NAP
45 Loan   1 Benton Crossing 2.09 14.9% 13.8% 5,060,000 As Is 2/29/2024 54.3% 54.3% 100.0% 1/31/2024 No
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center 2.00 13.7% 13.4% 1,800,000,000 As Is 10/5/2023 39.4% 39.4% 95.4% 11/1/2023 No

 

 A-1-6 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Largest Tenant Largest
Tenant SF
Largest
Tenant % of NRA
Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date
          21     4       4
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Macy's 262,829 25.4% 9/10/2028 Dillard's 240,656 23.3% 1/31/2029
2 Loan 8, 9 4 Kleban Retail Portfolio                
2.01 Property   1 Home Depot - Kenner Home Depot 174,522 100.0% 5/31/2032 NAP NAP NAP NAP
2.02 Property   1 Altamira Shopping Village BJ's 86,280 57.7% 10/31/2033 LA Fitness 45,000 30.1% 4/30/2030
2.03 Property   1 Walmart - Mobile Walmart 200,084 100.0% 7/31/2028 NAP NAP NAP NAP
2.04 Property   1 Walgreens - Garden City Walgreens 14,560 100.0% 6/30/2029 NAP NAP NAP NAP
3 Loan 6, A 1 Western Digital Milpitas Campus Western Digital Technologies, Inc. 577,956 100.0% 1/1/2039 NAP NAP NAP NAP
4 Loan 6, 10 1 Jordan Creek Town Center Von Maur 152,000 16.2% 1/31/2043 Scheels 122,025 13.0% 7/31/2029
5 Loan 6, 10 1 Galleria at Tyler AMC 70,000 12.4% 12/31/2028 Barnes & Noble 25,000 4.4% 1/31/2029
6 Loan 22, 24 1 Aliz Hotel Times Square NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Bethesda Marriott NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 26 1 The Vista NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 6 1 Respara NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan B 1 Highland Village Whole Foods Market 30,050 14.0% 2/28/2034 Maison Weiss 11,710 5.4% 7/31/2026
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio                
12.01 Property   1 Westgate Shopping Center Academy Sports 77,386 37.1% 1/31/2028 Marshalls 29,070 13.9% 5/31/2028
12.02 Property   1 Airline Shopping Center Rouses Market 52,655 63.4% 11/30/2025 Goodyear 5,899 7.1% 5/31/2024
13 Loan   1 Wilshire Colonnade PCB Bank 53,032 14.4% 9/30/2033 Bank of Hope 36,920 10.0% 4/30/2027
14 Loan   1 Drexel Terraces NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 6, 10, 28 1 Staten Island Mall Primark 73,647 7.4% 6/30/2027 AMC Theatres 54,000 5.4% 2/28/2034
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 15 1 Canyon Park West Dick's Sporting Goods, Inc. 34,840 22.9% 1/31/2026 Ross Dress for Less 24,994 16.4% 1/31/2026
18 Loan 6 1 11755 Wilshire Kinetic Content, LLC 52,405 15.5% 4/30/2026 Oak View Group, LLC 18,890 5.6% 5/31/2027
19 Loan   1 Delray Corner Michaels 25,645 29.8% 2/28/2034 CVS Pharmacy 13,013 15.1% 1/31/2044
20 Loan   1 1575 Jersey Ave ONUS Global Logistics LLC 120,000 92.9% 12/31/2028 NAP NAP NAP NAP
21 Loan   1 Terrell Plaza Ross Dress for Less 27,908 25.9% 1/31/2029 Five Below 10,045 9.3% 1/31/2030
22 Loan   1 Sherman Oaks First Plaza El Torito 8,860 14.2% 8/31/2029 Gyu-Kaku Japanese BBQ 3,813 6.1% 5/31/2034
23 Loan 16, E 1 Tahoma Vista Big Lots 42,096 39.2% 1/31/2029 Urban Air Trampoline & Adventure Park 42,088 39.2% 4/30/2032
24 Loan   1 Greenbox II Self Storage NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Ponder Place NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio                
26.01 Property   1 La Quinta Inn Brownwood NAP NAP NAP NAP NAP NAP NAP NAP
26.02 Property   1 Hampton Inn Oklahoma City NE NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan F 1 Gateway Square Shopping Center Chasing Chances 10,230 11.7% 11/30/2026 Global Village Montessori Pre-School 6,825 7.8% 1/31/2027
28 Loan   1 Elm Street Plaza Big Y 56,936 93.4% 4/30/2033 Wells Fargo 4,011 6.6% 12/31/2024
29 Loan   1 927-933 Flatbush Avenue CAMBA 13,700 30.4% 6,100 SF (MTM); 7,600 SF (8/31/2027) Beginning Steps Infant Day Care 11,800 26.2% 4/30/2028
30 Loan   1 Northville Shopping Center Phase II KSI Kitchen and Bath 11,941 27.7% 3/31/2028 P.F. Chang's China Bistro 7,634 17.7% 8/31/2028
31 Loan 5 1 US Storage Centers - La Crescenta, CA Venice Bakery 4,316 6.3% 3,516 SF (10/31/2027); 800 SF (11/30/2028) Modella Uniforms 2,640 3.8% 3/31/2027
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC                
32.01 Property   1 Swifts MHC NAP NAP NAP NAP NAP NAP NAP NAP
32.02 Property   1 Gulf to Bay MHC NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan   1 Compass Point Medical Complex Elara Caring 11,508 17.7% 9/30/2030 Rocky Hill Surgery Center 10,528 16.2% 3/31/2029
34 Loan H 1 Superior Building Pez Cantina 6,624 14.4% 3/31/2033 Vincenzi / Babban / Hernandez 5,765 12.6% 12/31/2030
35 Loan 13, 17, 18 1 872 East 164th Street NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   1 Walnut Grove MHC NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   1 Park Place Apartments NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC                
38.01 Property   1 Stage Coach MHC NAP NAP NAP NAP NAP NAP NAP NAP
38.02 Property   1 City Trailer Park NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan   1 CityLine Milledgeville NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 1412 College Ave NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan 19 1 Lexington Grand NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan   1 4975 Clark Howell Highway Middour Investments, LLC 3,810 9.8% 2/28/2025 Delivery King Logistics LLC 3,090 8.0% 10/31/2027
43 Loan   1 Taylors Square Ginza Buffet (formerly Hibachi Grille & Supreme Buffet) 10,290 35.5% 5/31/2034 Dollar Tree 9,499 32.8% 1/31/2026
44 Loan 8 2 East Coast Storage Portfolio                
44.01 Property   1 MMJ Self Storage NAP NAP NAP NAP NAP NAP NAP NAP
44.02 Property   1 AAA Self Storage NAP NAP NAP NAP NAP NAP NAP NAP
45 Loan   1 Benton Crossing Rusty Bucket 4,511 31.6% 8/31/2028 Honey Tree Grille 3,652 25.6% 8/13/2028
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Bloomingdale's 252,754 14.1% 7/22/2028 Macy's 237,076 13.2% 7/24/2028

 

 A-1-7 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA
                4      
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Arhaus Furniture 16,925 1.6% 1/31/2032 Forever 21 16,638 1.6%
2 Loan 8, 9 4 Kleban Retail Portfolio              
2.01 Property   1 Home Depot - Kenner NAP NAP NAP NAP NAP NAP NAP
2.02 Property   1 Altamira Shopping Village Red Bowl 3,400 2.3% 1/31/2025 Aspen Dental 3,200 2.1%
2.03 Property   1 Walmart - Mobile NAP NAP NAP NAP NAP NAP NAP
2.04 Property   1 Walgreens - Garden City NAP NAP NAP NAP NAP NAP NAP
3 Loan 6, A 1 Western Digital Milpitas Campus NAP NAP NAP NAP NAP NAP NAP
4 Loan 6, 10 1 Jordan Creek Town Center Century Theatres 69,914 7.4% 8/31/2029 Barnes & Noble Bookseller 29,969 3.2%
5 Loan 6, 10 1 Galleria at Tyler H&M 20,799 3.7% 1/31/2032 Glo Mini Golf 14,961 2.6%
6 Loan 22, 24 1 Aliz Hotel Times Square NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Bethesda Marriott NAP NAP NAP NAP NAP NAP NAP
8 Loan 26 1 The Vista NAP NAP NAP NAP NAP NAP NAP
9 Loan 6 1 Respara NAP NAP NAP NAP NAP NAP NAP
10 Loan B 1 Highland Village Buffalo Peak Outfitters 11,000 5.1% 10,085 SF (4/30/2028); 915 SF (MTM) Char 9,407 4.4%
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP NAP NAP NAP NAP NAP NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio              
12.01 Property   1 Westgate Shopping Center Michaels 27,200 13.0% 10/31/2032 Aldi 26,821 12.9%
12.02 Property   1 Airline Shopping Center McAlisters Deli 3,840 4.6% 5/31/2028 Friends Hair Salon 1,465 1.8%
13 Loan   1 Wilshire Colonnade The Korea Times Los Angeles 11,646 3.2% 6/30/2027 Shawn Matian 11,635 3.1%
14 Loan   1 Drexel Terraces NAP NAP NAP NAP NAP NAP NAP
15 Loan 6, 10, 28 1 Staten Island Mall Hobby Lobby 42,768 4.3% 5/31/2033 Dave & Buster's 41,241 4.1%
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP NAP NAP NAP NAP NAP NAP
17 Loan 15 1 Canyon Park West Natural Grocers 20,000 13.1% 12/31/2033 Ashley Furniture 18,000 11.8%
18 Loan 6 1 11755 Wilshire Semler Brossy Consulting Group LLC 18,890 5.6% 4/30/2031 Intrepid Investment Bankers, LLC 18,461 5.5%
19 Loan   1 Delray Corner Conviva Care Center 10,000 11.6% 2/28/2031 Hacienda Mexican Restaurant & Bar 6,050 7.0%
20 Loan   1 1575 Jersey Ave NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Terrell Plaza Dollar Tree 10,025 9.3% 8/31/2028 Petco Animal Supplies 9,837 9.1%
22 Loan   1 Sherman Oaks First Plaza Wireless Consulting Group 2,800 4.5% 10/31/2025 Ava Music Center 2,520 4.0%
23 Loan 16, E 1 Tahoma Vista Grocery Outlet 22,709 21.2% 5/31/2029 BigFoot Java 400 0.4%
24 Loan   1 Greenbox II Self Storage NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Ponder Place NAP NAP NAP NAP NAP NAP NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio              
26.01 Property   1 La Quinta Inn Brownwood NAP NAP NAP NAP NAP NAP NAP
26.02 Property   1 Hampton Inn Oklahoma City NE NAP NAP NAP NAP NAP NAP NAP
27 Loan F 1 Gateway Square Shopping Center Chili's Grill & Bar 6,000 6.9% 6/11/2026 The SSAM / SSAM Korean BBQ 4,774 5.5%
28 Loan   1 Elm Street Plaza NAP NAP NAP NAP NAP NAP NAP
29 Loan   1 927-933 Flatbush Avenue Capital One Bank 6,200 13.7% 9/30/2029 Melissa Vaughn Dance Studio 6,100 13.5%
30 Loan   1 Northville Shopping Center Phase II Massage Envy 4,007 9.3% 8/31/2029 Noorjahan Indian Cuisine 3,017 7.0%
31 Loan 5 1 US Storage Centers - La Crescenta, CA Regal Wine & Spirits 2,420 3.5% 1,620 SF (2/28/2028); 800 SF (7/31/2028) CV Dental 1,620 2.4%
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC              
32.01 Property   1 Swifts MHC NAP NAP NAP NAP NAP NAP NAP
32.02 Property   1 Gulf to Bay MHC NAP NAP NAP NAP NAP NAP NAP
33 Loan   1 Compass Point Medical Complex Hartford Orthopedic Surgeons 10,528 16.2% 4,964 SF (11/14/2031); 5,564 SF (4/15/2032) Starling Physicians 7,980 12.3%
34 Loan H 1 Superior Building Street Level Strategy, LLC 4,584 10.0% 3/31/2028 Eliza Steel 4,257 9.3%
35 Loan 13, 17, 18 1 872 East 164th Street NAP NAP NAP NAP NAP NAP NAP
36 Loan   1 Walnut Grove MHC NAP NAP NAP NAP NAP NAP NAP
37 Loan   1 Park Place Apartments NAP NAP NAP NAP NAP NAP NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC              
38.01 Property   1 Stage Coach MHC NAP NAP NAP NAP NAP NAP NAP
38.02 Property   1 City Trailer Park NAP NAP NAP NAP NAP NAP NAP
39 Loan   1 CityLine Milledgeville NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 1412 College Ave NAP NAP NAP NAP NAP NAP NAP
41 Loan 19 1 Lexington Grand NAP NAP NAP NAP NAP NAP NAP
42 Loan   1 4975 Clark Howell Highway Maximum Maintenance, LLC 2,606 6.7% 7/31/2025 House of Hoggs 2,592 6.7%
43 Loan   1 Taylors Square Gamestop, Inc. 1,807 6.2% 12/31/2025 Firehouse Subs 1,758 6.1%
44 Loan 8 2 East Coast Storage Portfolio              
44.01 Property   1 MMJ Self Storage NAP NAP NAP NAP NAP NAP NAP
44.02 Property   1 AAA Self Storage NAP NAP NAP NAP NAP NAP NAP
45 Loan   1 Benton Crossing Sheldon Nails and Spa 1,760 12.3% 12/31/2030 Alloy Personal Training 1,600 11.2%
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Nordstrom 201,000 11.2% 3/31/2025 AMC Theatres 105,122 5.9%

 

 A-1-8 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering
Report Date
Seismic
Report Date
PML or SEL (%) Flood Zone
          4       4            
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre MTM Pottery Barn 15,913 1.5% 1/31/2030 1/17/2024 NAP 1/16/2024 NAP NAP No
2 Loan 8, 9 4 Kleban Retail Portfolio                      
2.01 Property   1 Home Depot - Kenner NAP NAP NAP NAP NAP 9/29/2023 NAP 9/29/2023 NAP NAP Yes - AE
2.02 Property   1 Altamira Shopping Village 12/31/2027 Moe's Southwest Grill 2,625 1.8% 10/31/2028 9/29/2023 NAP 9/29/2023 NAP NAP No
2.03 Property   1 Walmart - Mobile NAP NAP NAP NAP NAP 9/29/2023 NAP 9/29/2023 NAP NAP No
2.04 Property   1 Walgreens - Garden City NAP NAP NAP NAP NAP 9/29/2023 NAP 9/29/2023 NAP NAP No
3 Loan 6, A 1 Western Digital Milpitas Campus NAP NAP NAP NAP NAP 6/26/2023 NAP 6/26/2023 6/21/2023 14% No
4 Loan 6, 10 1 Jordan Creek Town Center 1/31/2025 H&M 22,608 2.4% 1/31/2032 12/1/2023 NAP 12/1/2023 NAP NAP No
5 Loan 6, 10 1 Galleria at Tyler 5/31/2028 Old Navy 14,504 2.6% 6/30/2029 10/12/2023 NAP 10/12/2023 10/12/2023 14% No
6 Loan 22, 24 1 Aliz Hotel Times Square NAP NAP NAP NAP NAP 12/18/2023 NAP 12/18/2023 NAP NAP No
7 Loan   1 Bethesda Marriott NAP NAP NAP NAP NAP 12/7/2023 NAP 12/7/2023 NAP NAP No
8 Loan 26 1 The Vista NAP NAP NAP NAP NAP 1/30/2024 NAP 1/29/2024 1/30/2024 6% No
9 Loan 6 1 Respara NAP NAP NAP NAP NAP 1/10/2024 NAP 1/11/2024 1/11/2024 9% No
10 Loan B 1 Highland Village 9,317 SF (4/30/2027); 90 SF (MTM) Sur La Table 5,752 2.7% 3/31/2031 3/6/2024 NAP 2/22/2024 NAP NAP No
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP NAP NAP NAP NAP 3/7/2024 NAP 3/7/2024 NAP NAP No
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio                      
12.01 Property   1 Westgate Shopping Center 9/30/2032 Scandinavia Furniture 10,300 4.9% 10/31/2028 12/28/2023 NAP 12/28/2023 NAP NAP Yes - AE
12.02 Property   1 Airline Shopping Center 7/31/2024 Unagi and Sushi Japanese Restaurant 1,456 1.8% 11/30/2031 12/28/2023 NAP 12/28/2023 NAP NAP No
13 Loan   1 Wilshire Colonnade 4/30/2025 HUB Insurance Services Inc 8,275 2.2% 6/30/2031 12/11/2023 NAP 11/30/2023 1/17/2024 19% No
14 Loan   1 Drexel Terraces NAP NAP NAP NAP NAP 2/8/2024 NAP 2/8/2024 NAP NAP No
15 Loan 6, 10, 28 1 Staten Island Mall 1/31/2033 Lidl 37,403 3.8% 1/31/2039 9/5/2023 NAP 9/5/2023 NAP NAP No
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP NAP NAP NAP NAP 8/24/2023 NAP 8/23/2023 NAP NAP Yes - VE
17 Loan 15 1 Canyon Park West 3/31/2038 Old Navy, LLC 12,520 8.2% 5/31/2032 2/20/2024 NAP 2/22/2024 NAP NAP No
18 Loan 6 1 11755 Wilshire 6/30/2026 IBISWorld, Inc 17,960 5.3% 5/31/2032 12/8/2023 NAP 12/8/2023 12/8/2023 17% No
19 Loan   1 Delray Corner 10/31/2026 Taso's Greek Taverna 3,200 3.7% 5/31/2027 12/11/2023 NAP 12/11/2023 NAP NAP No
20 Loan   1 1575 Jersey Ave NAP NAP NAP NAP NAP 2/16/2024 NAP 2/16/2024 NAP NAP No
21 Loan   1 Terrell Plaza 1/31/2028 PopShelf 9,500 8.8% 12/31/2032 1/5/2024 NAP 1/5/2024 NAP NAP No
22 Loan   1 Sherman Oaks First Plaza 3/31/2025 Salon Centric, Inc 2,040 3.3% 7/31/2026 10/18/2023 NAP 10/10/2023 10/11/2023 13% No
23 Loan 16, E 1 Tahoma Vista 1/31/2032 NAP NAP NAP NAP 3/5/2024 NAP 3/5/2024 3/5/2024 17% No
24 Loan   1 Greenbox II Self Storage NAP NAP NAP NAP NAP 1/18/2024 NAP 2/9/2024 NAP NAP No
25 Loan   1 Ponder Place NAP NAP NAP NAP NAP 12/8/2023 NAP 12/8/2023 NAP NAP No
26 Loan 8 2 Oklahoma Texas Hotel Portfolio                      
26.01 Property   1 La Quinta Inn Brownwood NAP NAP NAP NAP NAP 1/31/2024 NAP 1/31/2024 NAP NAP Yes - AE
26.02 Property   1 Hampton Inn Oklahoma City NE NAP NAP NAP NAP NAP 1/31/2024 NAP 1/31/2024 NAP NAP No
27 Loan F 1 Gateway Square Shopping Center 4/30/2035 Beacon Veterinary Specialist 4,000 4.6% 7/31/2032 1/17/2024 NAP 1/17/2024 1/18/2024 15% No
28 Loan   1 Elm Street Plaza NAP NAP NAP NAP NAP 10/6/2023 NAP 10/6/2023 NAP NAP No
29 Loan   1 927-933 Flatbush Avenue 8/1/2028 Fit4Dance Inc. 4,500 10.0% 11/30/2028 1/11/2024 NAP 1/9/2024 NAP NAP No
30 Loan   1 Northville Shopping Center Phase II 6/30/2027 Noodles & Company 2,400 5.6% 11/30/2033 2/13/2024 NAP 2/13/2024 NAP NAP No
31 Loan 5 1 US Storage Centers - La Crescenta, CA 1/31/2029 Mr. Dryclean 1,600 2.3% 3/31/2027 11/28/2023 NAP 11/22/2023 11/22/2023 11% No
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC                      
32.01 Property   1 Swifts MHC NAP NAP NAP NAP NAP 1/17/2024 NAP 1/16/2024 NAP NAP Yes - AE
32.02 Property   1 Gulf to Bay MHC NAP NAP NAP NAP NAP 1/17/2024 NAP 1/16/2024 NAP NAP No
33 Loan   1 Compass Point Medical Complex 7/31/2029 Maxim Healthcare Staffing Services 5,885 9.0% 12/31/2026 10/6/2023 NAP 10/6/2023 NAP NAP No
34 Loan H 1 Superior Building 8/31/2028 Bone Kettle, LLC 3,703 8.1% 2/28/2026 3/25/2024 NAP 3/25/2024 3/27/2024 18% No
35 Loan 13, 17, 18 1 872 East 164th Street NAP NAP NAP NAP NAP 12/5/2023 NAP 12/5/2023 NAP NAP No
36 Loan   1 Walnut Grove MHC NAP NAP NAP NAP NAP 2/19/2024 NAP 2/19/2024 2/19/2024 14% No
37 Loan   1 Park Place Apartments NAP NAP NAP NAP NAP 10/25/2023 NAP 10/25/2023 NAP NAP No
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC                      
38.01 Property   1 Stage Coach MHC NAP NAP NAP NAP NAP 2/19/2024 NAP 2/19/2024 2/19/2024 15% No
38.02 Property   1 City Trailer Park NAP NAP NAP NAP NAP 2/19/2024 NAP 2/19/2024 2/19/2024 14% No
39 Loan   1 CityLine Milledgeville NAP NAP NAP NAP NAP 11/16/2023 NAP 11/16/2023 NAP NAP No
40 Loan   1 1412 College Ave NAP NAP NAP NAP NAP 9/18/2023 NAP 9/18/2023 NAP NAP No
41 Loan 19 1 Lexington Grand NAP NAP NAP NAP NAP 8/31/2023 NAP 2/15/2024 NAP NAP No
42 Loan   1 4975 Clark Howell Highway 2/28/2026 2 Friends Transport LLC 2,426 6.3% 2/28/2027 1/24/2024 NAP 1/24/2024 NAP NAP No
43 Loan   1 Taylors Square 8/31/2024 Happy Nails 1,407 4.9% 12/31/2035 1/4/2024 NAP 1/4/2024 NAP NAP No
44 Loan 8 2 East Coast Storage Portfolio                      
44.01 Property   1 MMJ Self Storage NAP NAP NAP NAP NAP 2/26/2024 NAP 2/26/2024 NAP NAP No
44.02 Property   1 AAA Self Storage NAP NAP NAP NAP NAP 2/26/2024 NAP 2/26/2024 NAP NAP No
45 Loan   1 Benton Crossing 6/30/2028 Deka Lash 1,530 10.7% 7/31/2030 3/6/2024 NAP 3/6/2024 NAP NAP No
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center 9/30/2025 Primark 50,186 2.8% 5/31/2034 8/2/2023 NAP 8/7/2023 NAP NAP No

 

 A-1-9 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Ownership
Interest
Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance
Reserve ($)
Monthly Insurance Reserve ($) Upfront Replacement /
PIP Reserve ($)
          12, 22, 23                  
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
2 Loan 8, 9 4 Kleban Retail Portfolio           199,696 33,283 173,787 14,482 0
2.01 Property   1 Home Depot - Kenner Fee NAP NAP NAP NAP          
2.02 Property   1 Altamira Shopping Village Fee NAP NAP NAP NAP          
2.03 Property   1 Walmart - Mobile Fee NAP NAP NAP NAP          
2.04 Property   1 Walgreens - Garden City Fee NAP NAP NAP NAP          
3 Loan 6, A 1 Western Digital Milpitas Campus Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
4 Loan 6, 10 1 Jordan Creek Town Center Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
5 Loan 6, 10 1 Galleria at Tyler Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
6 Loan 22, 24 1 Aliz Hotel Times Square Fee NAP NAP NAP NAP 439,256 109,814 0 Springing 0
7 Loan   1 Bethesda Marriott Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
8 Loan 26 1 The Vista Fee NAP NAP NAP NAP 42,281 42,281 0 Springing 0
9 Loan 6 1 Respara Fee NAP NAP NAP NAP 55,544 55,544 0 Springing 0
10 Loan B 1 Highland Village Fee NAP NAP NAP NAP 112,725 37,575 0 Springing 0
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor Fee NAP NAP NAP NAP 10,000 45,299 0 Springing 0
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio           285,938 71,485 0 Springing 0
12.01 Property   1 Westgate Shopping Center Fee NAP NAP NAP NAP          
12.02 Property   1 Airline Shopping Center Fee NAP NAP NAP NAP          
13 Loan   1 Wilshire Colonnade Fee NAP NAP NAP NAP 38,923 38,923 0 Springing 0
14 Loan   1 Drexel Terraces Fee NAP NAP NAP NAP 7,812 7,812 86,912 10,864 0
15 Loan 6, 10, 28 1 Staten Island Mall Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
16 Loan 6, 12, 20, 27 1 Casa Cipriani Leasehold 6/30/2061 5, 10-year extension options 2,087,004 Yes 437,500 87,500 356,769 178,384 0
17 Loan 15 1 Canyon Park West Fee NAP NAP NAP NAP 87,564 21,891 0 Springing 0
18 Loan 6 1 11755 Wilshire Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
19 Loan   1 Delray Corner Fee NAP NAP NAP NAP 135,867 33,967 0 Springing 80,000
20 Loan   1 1575 Jersey Ave Fee NAP NAP NAP NAP 56,653 18,884 18,250 2,607 0
21 Loan   1 Terrell Plaza Fee NAP NAP NAP NAP 84,320 42,160 0 Springing 0
22 Loan   1 Sherman Oaks First Plaza Fee NAP NAP NAP NAP 18,267 18,267 0 Springing 100,000
23 Loan 16, E 1 Tahoma Vista Fee NAP NAP NAP NAP 10,787 10,787 0 Springing 0
24 Loan   1 Greenbox II Self Storage Fee NAP NAP NAP NAP 314,149 28,559 0 Springing 0
25 Loan   1 Ponder Place Fee NAP NAP NAP NAP 29,685 9,895 7,120 3,560 0
26 Loan 8 2 Oklahoma Texas Hotel Portfolio           35,362 17,681 26,310 13,155 0
26.01 Property   1 La Quinta Inn Brownwood Fee NAP NAP NAP NAP          
26.02 Property   1 Hampton Inn Oklahoma City NE Fee NAP NAP NAP NAP          
27 Loan F 1 Gateway Square Shopping Center Fee NAP NAP NAP NAP 14,300 14,300 0 Springing 0
28 Loan   1 Elm Street Plaza Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
29 Loan   1 927-933 Flatbush Avenue Fee NAP NAP NAP NAP 60,189 20,063 2,754 918 0
30 Loan   1 Northville Shopping Center Phase II Fee NAP NAP NAP NAP 64,101 21,367 0 Springing 0
31 Loan 5 1 US Storage Centers - La Crescenta, CA Fee NAP NAP NAP NAP 75,148 15,030 0 Springing 0
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC           50,190 8,365 13,876 6,938 0
32.01 Property   1 Swifts MHC Fee NAP NAP NAP NAP          
32.02 Property   1 Gulf to Bay MHC Fee NAP NAP NAP NAP          
33 Loan   1 Compass Point Medical Complex Fee NAP NAP NAP NAP 82,848 20,712 0 2,702 0
34 Loan H 1 Superior Building Fee NAP NAP NAP NAP 23,852 11,926 0 Springing 0
35 Loan 13, 17, 18 1 872 East 164th Street Fee NAP NAP NAP NAP 862 862 3,738 1,246 0
36 Loan   1 Walnut Grove MHC Fee NAP NAP NAP NAP 8,132 4,066 1,932 644 0
37 Loan   1 Park Place Apartments Fee NAP NAP NAP NAP 21,836 5,459 0 Springing 0
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC           11,300 2,825 2,406 1,203 0
38.01 Property   1 Stage Coach MHC Fee NAP NAP NAP NAP          
38.02 Property   1 City Trailer Park Fee NAP NAP NAP NAP          
39 Loan   1 CityLine Milledgeville Fee NAP NAP NAP NAP 9,671 2,418 0 Springing 0
40 Loan   1 1412 College Ave Fee NAP NAP NAP NAP 1,031 344 4,533 907 0
41 Loan 19 1 Lexington Grand Fee NAP NAP NAP NAP 0 Springing 23,984 2,998 60,000
42 Loan   1 4975 Clark Howell Highway Fee NAP NAP NAP NAP 7,555 1,511 6,602 3,301 75,000
43 Loan   1 Taylors Square Fee NAP NAP NAP NAP 7,892 3,946 0 Springing 0
44 Loan 8 2 East Coast Storage Portfolio           5,811 968 3,296 1,232 0
44.01 Property   1 MMJ Self Storage Fee NAP NAP NAP NAP          
44.02 Property   1 AAA Self Storage Fee NAP NAP NAP NAP          
45 Loan   1 Benton Crossing Fee NAP NAP NAP NAP 4,071 4,071 0 Springing 0
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Fee/Leasehold 8/31/2035 None 1,565,412 No 0 Springing 0 Springing 0

 

 A-1-10 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Monthly
Replacement /
FF&E Reserve ($)
Replacement
Reserve Caps ($)
Upfront TI/LC
Reserve ($)
Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($)
          24, 25         26 26 26  
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Springing 516,571 0 129,143 3,099,423 0 0 0 0
2 Loan 8, 9 4 Kleban Retail Portfolio 4,552 54,619 0 7,586 182,062 0 0 0 87,681
2.01 Property   1 Home Depot - Kenner                  
2.02 Property   1 Altamira Shopping Village                  
2.03 Property   1 Walmart - Mobile                  
2.04 Property   1 Walgreens - Garden City                  
3 Loan 6, A 1 Western Digital Milpitas Campus Springing 0 0 0 0 0 0 0 0
4 Loan 6, 10 1 Jordan Creek Town Center Springing 470,019 0 Springing 1,880,076 0 0 0 0
5 Loan 6, 10 1 Galleria at Tyler Springing 0 0 Springing 0 0 0 0 0
6 Loan 22, 24 1 Aliz Hotel Times Square 4% of the sum of (a) operating income plus (b) gross rents for the calendar month two months prior 0 0 0 0 0 0 0 0
7 Loan   1 Bethesda Marriott Springing 0 0 0 0 0 0 0 0
8 Loan 26 1 The Vista 7,697 0 0 0 0 291,500 41,700 500,000 0
9 Loan 6 1 Respara 1,125 40,500 0 0 0 0 0 0 0
10 Loan B 1 Highland Village 2,687 100,000 500,000 Springing 500,000 0 0 0 0
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor Springing 0 0 0 0 0 0 0 0
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio 3,645 0 200,000 24,299 1,000,000 0 0 0 21,250
12.01 Property   1 Westgate Shopping Center                  
12.02 Property   1 Airline Shopping Center                  
13 Loan   1 Wilshire Colonnade 6,158 0 1,500,000 46,182 2,500,000 0 0 0 0
14 Loan   1 Drexel Terraces 1,933 0 0 0 0 0 0 0 0
15 Loan 6, 10, 28 1 Staten Island Mall Springing 497,950 4,580,787 Springing 1,991,800 0 0 0 0
16 Loan 6, 12, 20, 27 1 Casa Cipriani 210,556 0 0 0 0 0 0 0 0
17 Loan 15 1 Canyon Park West 2,539 91,396 100,000 25,388 342,735 0 0 0 0
18 Loan 6 1 11755 Wilshire 5,624 67,488 3,000,000 70,300 0 0 0 0 0
19 Loan   1 Delray Corner 2,977 0 0 6,075 0 0 0 0 0
20 Loan   1 1575 Jersey Ave 1,076 12,913 0 5,380 0 0 0 0 84,039
21 Loan   1 Terrell Plaza 1,273 0 0 9,757 370,000 0 0 0 10,000
22 Loan   1 Sherman Oaks First Plaza Springing 0 200,000 Springing 0 0 0 0 0
23 Loan 16, E 1 Tahoma Vista 1,336 32,068 0 8,017 192,407 0 0 0 92,500
24 Loan   1 Greenbox II Self Storage Springing 0 0 0 0 0 0 0 0
25 Loan   1 Ponder Place 1,708 20,500 0 0 0 0 0 0 0
26 Loan 8 2 Oklahoma Texas Hotel Portfolio 14,069 0 0 0 0 0 0 0 27,000
26.01 Property   1 La Quinta Inn Brownwood                  
26.02 Property   1 Hampton Inn Oklahoma City NE                  
27 Loan F 1 Gateway Square Shopping Center 1,455 52,397 0 Springing 261,984 0 0 0 24,180
28 Loan   1 Elm Street Plaza 762 18,284 0 5,079 121,894 0 0 0 4,375
29 Loan   1 927-933 Flatbush Avenue 564 0 0 3,758 135,000 0 0 0 23,438
30 Loan   1 Northville Shopping Center Phase II 827 0 200,000 Springing 200,000 0 0 0 46,875
31 Loan 5 1 US Storage Centers - La Crescenta, CA 855 30,783 0 0 0 0 0 0 0
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC 813 0 0 0 0 0 0 0 14,433
32.01 Property   1 Swifts MHC                  
32.02 Property   1 Gulf to Bay MHC                  
33 Loan   1 Compass Point Medical Complex 1,084 26,025 140,536 Springing 140,536 0 0 0 2,500
34 Loan H 1 Superior Building 1,311 0 0 3,600 0 0 0 0 0
35 Loan 13, 17, 18 1 872 East 164th Street 375 0 0 0 0 0 0 0 0
36 Loan   1 Walnut Grove MHC 233 0 0 0 0 0 0 0 21,860
37 Loan   1 Park Place Apartments 1,792 0 0 0 0 205,305 0 0 0
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC 267 0 0 0 0 0 0 0 0
38.01 Property   1 Stage Coach MHC                  
38.02 Property   1 City Trailer Park                  
39 Loan   1 CityLine Milledgeville 945 0 0 0 0 0 0 0 52,125
40 Loan   1 1412 College Ave 333 0 0 0 0 0 0 0 0
41 Loan 19 1 Lexington Grand 1,334 0 0 0 0 0 0 0 0
42 Loan   1 4975 Clark Howell Highway 484 0 50,000 1,614 77,448 0 0 0 0
43 Loan   1 Taylors Square 411 4,297 0 3,623 86,946 0 0 0 875
44 Loan 8 2 East Coast Storage Portfolio 494 11,859 0 0 0 0 0 0 0
44.01 Property   1 MMJ Self Storage                  
44.02 Property   1 AAA Self Storage                  
45 Loan   1 Benton Crossing 238 2,850 0 1,188 42,759 0 0 0 0
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Springing 896,819 0 Springing 3,587,276 0 0 0 0

 

 A-1-11 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Upfront Other Reserve ($) Monthly Other Reserve ($) Other Reserve Description Other Reserve Cap ($) Holdback/ Earnout Amount ($)
            27 27    
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre 3,966,953 0 Existing TI/LC Reserve (Upfront: $3,732,395.48), Gap Rent Reserve (Upfront: $234,557.94) 0 0
2 Loan 8, 9 4 Kleban Retail Portfolio 0 0 NAP 0 0
2.01 Property   1 Home Depot - Kenner          
2.02 Property   1 Altamira Shopping Village          
2.03 Property   1 Walmart - Mobile          
2.04 Property   1 Walgreens - Garden City          
3 Loan 6, A 1 Western Digital Milpitas Campus 0 Springing Material Tenant Reserve 0 0
4 Loan 6, 10 1 Jordan Creek Town Center 5,000,000 Springing General Reserve ($5,000,000); Gap Rent Reserve ($0); Anchor Tenant Reserve (Springing) 0 0
5 Loan 6, 10 1 Galleria at Tyler 9,924,378 0 General Reserve ($5,000,000); Outstanding Landlord Obligations ($4,687,691.09); Gap Rent Reserve ($236,687) 0 0
6 Loan 22, 24 1 Aliz Hotel Times Square 0 0 NAP 0 0
7 Loan   1 Bethesda Marriott 0 Springing Future PIP Reserve (Springing); Common Charge Reserve (Springing) 0 0
8 Loan 26 1 The Vista 0 0 NAP 0 0
9 Loan 6 1 Respara 0 0 NAP 0 0
10 Loan B 1 Highland Village 2,004,140 0 Outstanding Landlord Obligations 0 0
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor 1,800,000 0 PIP Reserve 0 0
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio 0 0 NAP 0 0
12.01 Property   1 Westgate Shopping Center          
12.02 Property   1 Airline Shopping Center          
13 Loan   1 Wilshire Colonnade 910,690 0 Rent Concession Reserve ($573,665); Existing TI/LC Reserve ($337,025) 0 0
14 Loan   1 Drexel Terraces 12,500 0 Kenwood Dispute Reserve 0 0
15 Loan 6, 10, 28 1 Staten Island Mall 403,197 Springing Gap Rent Reserve (Upfront: 403,197), Anchor Tenant Reserve Funds (Monthly: Springing) 0 0
16 Loan 6, 12, 20, 27 1 Casa Cipriani 352,047 246,509 Ground Rent Reserve (Upfront: $352,047; Monthly: $176,023.50), PIP Reserve (Monthly: Springing), Put Price Reserve (Monthly: $70,485.24) 0 0
17 Loan 15 1 Canyon Park West 195,487 0 Rent Concession Reserve ($106,072); Existing TI/LC Reserve ($68,215); Ross Reserve ($11,200); Petco Reserve ($10,000) 0 0
18 Loan 6 1 11755 Wilshire 1,108,135 0 Rent Concession Reserve ($777,560); Existing TI/LC Reserve ($330,575) 0 0
19 Loan   1 Delray Corner 2,256,655 0 Outstanding Leasing Fund Reserve ($1,287,577); Free Rent Reserve ($235,766); Gap Rent Reserve ($133,312); Environmental Reserve ($600,000) 0 0
20 Loan   1 1575 Jersey Ave 0 0 NAP 0 0
21 Loan   1 Terrell Plaza 0 0 NAP 0 0
22 Loan   1 Sherman Oaks First Plaza 0 0 NAP 0 0
23 Loan 16, E 1 Tahoma Vista 1,866,492 0 Urban Air TI Allowance ($1,052,200), Urban Air Outstanding Leasing Commission ($63,132), Urban Air One-Year Rent Holdback ($751,160) 0 0
24 Loan   1 Greenbox II Self Storage 0 0 NAP 0 0
25 Loan   1 Ponder Place 0 0 NAP 0 0
26 Loan 8 2 Oklahoma Texas Hotel Portfolio 484,125 0 PIP Reserve - Hampton Inn ($259,625); Additional Flood Insurance Reserve: ($200,000); PIP Reserve - La Quinta ($24,500) 0 0
26.01 Property   1 La Quinta Inn Brownwood          
26.02 Property   1 Hampton Inn Oklahoma City NE          
27 Loan F 1 Gateway Square Shopping Center 92,645 0 Mylapore South Indian Vegetarian Outstanding TI Reserve: ($64,925); Arbat Grocery Store Outstanding TI Reserve: ($17,720); SSAM Gap Rent Reserve: ($10,000) 0 0
28 Loan   1 Elm Street Plaza 0 0 NAP 0 0
29 Loan   1 927-933 Flatbush Avenue 150,000 0 SBA Loan Escrow 0 0
30 Loan   1 Northville Shopping Center Phase II 0 0 NAP 0 0
31 Loan 5 1 US Storage Centers - La Crescenta, CA 0 0 NAP 0 0
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC 0 0 NAP 0 0
32.01 Property   1 Swifts MHC          
32.02 Property   1 Gulf to Bay MHC          
33 Loan   1 Compass Point Medical Complex 91,557 0 Local Infusion - TI Allowance Reserve ($56,160); Local Infusion - Free and Gap Rent Reserve ($19,890); Local Infusion - Landlord Work ($15,506.60) 0 0
34 Loan H 1 Superior Building 113,804 0 Pez Cantina TI Allowance ($95,454), Gap Rent Reserve ($18,350) 0 0
35 Loan 13, 17, 18 1 872 East 164th Street 114,451 0 Unabated Real Estate Tax Reserve 0 400,000
36 Loan   1 Walnut Grove MHC 0 0 NAP 0 0
37 Loan   1 Park Place Apartments 97,500 0 Roof Replacement Reserve 0 0
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC 0 0 NAP 0 0
38.01 Property   1 Stage Coach MHC          
38.02 Property   1 City Trailer Park          
39 Loan   1 CityLine Milledgeville 0 0 NAP 0 0
40 Loan   1 1412 College Ave 0 0 NAP 0 0
41 Loan 19 1 Lexington Grand 25,000 Springing Insurance Deductible Reserve 25,000 0
42 Loan   1 4975 Clark Howell Highway 0 0 NAP 0 0
43 Loan   1 Taylors Square 62,500 0 TPO Roof System Replacement Reserve 0 0
44 Loan 8 2 East Coast Storage Portfolio 0 0 NAP 0 0
44.01 Property   1 MMJ Self Storage          
44.02 Property   1 AAA Self Storage          
45 Loan   1 Benton Crossing 0 0 NAP 0 0
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center 39,775,125 0 Outstanding TI/LC ($30,769,199); Gap Rent Reserve ($9,005,926) 0 0

 

 A-1-12 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Holdback/ Earnout Description
           
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre NAP
2 Loan 8, 9 4 Kleban Retail Portfolio NAP
2.01 Property   1 Home Depot - Kenner  
2.02 Property   1 Altamira Shopping Village  
2.03 Property   1 Walmart - Mobile  
2.04 Property   1 Walgreens - Garden City  
3 Loan 6, A 1 Western Digital Milpitas Campus NAP
4 Loan 6, 10 1 Jordan Creek Town Center NAP
5 Loan 6, 10 1 Galleria at Tyler NAP
6 Loan 22, 24 1 Aliz Hotel Times Square NAP
7 Loan   1 Bethesda Marriott NAP
8 Loan 26 1 The Vista NAP
9 Loan 6 1 Respara NAP
10 Loan B 1 Highland Village NAP
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio NAP
12.01 Property   1 Westgate Shopping Center  
12.02 Property   1 Airline Shopping Center  
13 Loan   1 Wilshire Colonnade NAP
14 Loan   1 Drexel Terraces NAP
15 Loan 6, 10, 28 1 Staten Island Mall NAP
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP
17 Loan 15 1 Canyon Park West NAP
18 Loan 6 1 11755 Wilshire NAP
19 Loan   1 Delray Corner NAP
20 Loan   1 1575 Jersey Ave NAP
21 Loan   1 Terrell Plaza NAP
22 Loan   1 Sherman Oaks First Plaza NAP
23 Loan 16, E 1 Tahoma Vista NAP
24 Loan   1 Greenbox II Self Storage NAP
25 Loan   1 Ponder Place NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio NAP
26.01 Property   1 La Quinta Inn Brownwood  
26.02 Property   1 Hampton Inn Oklahoma City NE  
27 Loan F 1 Gateway Square Shopping Center NAP
28 Loan   1 Elm Street Plaza NAP
29 Loan   1 927-933 Flatbush Avenue NAP
30 Loan   1 Northville Shopping Center Phase II NAP
31 Loan 5 1 US Storage Centers - La Crescenta, CA NAP
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC NAP
32.01 Property   1 Swifts MHC  
32.02 Property   1 Gulf to Bay MHC  
33 Loan   1 Compass Point Medical Complex NAP
34 Loan H 1 Superior Building NAP
35 Loan 13, 17, 18 1 872 East 164th Street Occupancy Holdback: Holdback Funds shall mean that portion of the Loan to be disbursed in a single advance on or prior to the Outside Advance Date, upon Borrower’s satisfaction of the Holdback Funding Requirements, in the amount of $400,000.
“Holdback Funding Requirements” shall mean, collectively: (i) Borrower shall submit a written request to Lender for disbursement of the Holdback Funds no later than ten (10) days prior to the date on which Borrower requests the Holdback Funds to be disbursed;
(ii) both at the time of Borrower’s written request and at the time of the requested disbursement of Holdback Funds, no Default or Event of Default shall be continuing; (iii) Borrower has submitted to Lender evidence to Lender’s satisfaction confirming that at least ninety-five
percent (95%) of the residential apartments at the Property (including both Affordable Housing Units and any Market Rate Units) are tenanted pursuant to executed Leases with Tenants that are in occupancy and pursuant to which the term of each Lease covered by any
Prepaid Rents has expired, which evidence shall include, without limitation, a current rent roll certified by an authorized representative of Borrower, copies of all executed Leases then in-effect, and copies of all rental payment vouchers issued in connection with the CityFHEPS
Program with respect to Tenants at the Property; (iv) after giving effect to the disbursement of the Holdback Funds, the Debt Yield shall be at least 9.44%, as determined by Lender; and (v) Borrower shall pay on demand (or out of the requested disbursement of Holdback
Funds) all of the actual costs and expenses incurred by Lender, including attorneys’ fees and expenses and other applicable third-party costs and expenses, in connection with the proposed advance of Holdback Funds.
36 Loan   1 Walnut Grove MHC NAP
37 Loan   1 Park Place Apartments NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC NAP
38.01 Property   1 Stage Coach MHC  
38.02 Property   1 City Trailer Park  
39 Loan   1 CityLine Milledgeville NAP
40 Loan   1 1412 College Ave NAP
41 Loan 19 1 Lexington Grand NAP
42 Loan   1 4975 Clark Howell Highway NAP
43 Loan   1 Taylors Square NAP
44 Loan 8 2 East Coast Storage Portfolio NAP
44.01 Property   1 MMJ Self Storage  
44.02 Property   1 AAA Self Storage  
45 Loan   1 Benton Crossing NAP
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center NAP

 

 A-1-13 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu
Cut-off Date Balance ($)
Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($)
            28              
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Hard Springing Yes Yes Yes Yes 70,000,000 190,000,000 1,006,698.73
2 Loan 8, 9 4 Kleban Retail Portfolio Hard Springing Yes Yes No NAP NAP NAP NAP
2.01 Property   1 Home Depot - Kenner                  
2.02 Property   1 Altamira Shopping Village                  
2.03 Property   1 Walmart - Mobile                  
2.04 Property   1 Walgreens - Garden City                  
3 Loan 6, A 1 Western Digital Milpitas Campus Hard Springing Yes Yes Yes No 63,000,000 63,000,000 364,300.41
4 Loan 6, 10 1 Jordan Creek Town Center Hard Springing Yes No Yes Yes 61,000,000 109,000,000 646,506.25
5 Loan 6, 10 1 Galleria at Tyler Hard Springing Yes Yes Yes Yes 60,000,000 90,000,000 602,173.95
6 Loan 22, 24 1 Aliz Hotel Times Square Hard Springing Yes No No NAP NAP NAP NAP
7 Loan   1 Bethesda Marriott Hard Springing Yes No No NAP NAP NAP NAP
8 Loan 26 1 The Vista Soft Springing Yes No No NAP NAP NAP NAP
9 Loan 6 1 Respara Springing Springing No No Yes Yes 36,500,000 25,000,000 133,072.92
10 Loan B 1 Highland Village Hard Springing Yes No No NAP NAP NAP NAP
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor Hard Springing Yes No No NAP NAP NAP NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio Springing Springing Yes Yes No NAP NAP NAP NAP
12.01 Property   1 Westgate Shopping Center                  
12.02 Property   1 Airline Shopping Center                  
13 Loan   1 Wilshire Colonnade Hard Springing Yes No No NAP NAP NAP NAP
14 Loan   1 Drexel Terraces Springing Springing Yes No No NAP NAP NAP NAP
15 Loan 6, 10, 28 1 Staten Island Mall Hard Springing Yes No Yes No 30,000,000 170,000,000 1,082,140.51
16 Loan 6, 12, 20, 27 1 Casa Cipriani Hard Springing Yes No Yes No 29,959,334 72,901,046 498,979.35
17 Loan 15 1 Canyon Park West Soft Springing Yes Yes No NAP NAP NAP NAP
18 Loan 6 1 11755 Wilshire Hard In Place Yes No Yes No 18,500,000 51,500,000 305,633.42
19 Loan   1 Delray Corner Hard Springing Yes Yes No NAP NAP NAP NAP
20 Loan   1 1575 Jersey Ave Hard Springing Yes Yes No NAP NAP NAP NAP
21 Loan   1 Terrell Plaza Hard Springing Yes Yes No NAP NAP NAP NAP
22 Loan   1 Sherman Oaks First Plaza Springing Springing Yes No No NAP NAP NAP NAP
23 Loan 16, E 1 Tahoma Vista Hard Springing Yes Yes No NAP NAP NAP NAP
24 Loan   1 Greenbox II Self Storage Soft Springing Yes No No NAP NAP NAP NAP
25 Loan   1 Ponder Place Springing Springing Yes No No NAP NAP NAP NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio Springing Springing Yes No No NAP NAP NAP NAP
26.01 Property   1 La Quinta Inn Brownwood                  
26.02 Property   1 Hampton Inn Oklahoma City NE                  
27 Loan F 1 Gateway Square Shopping Center Springing Springing Yes No No NAP NAP NAP NAP
28 Loan   1 Elm Street Plaza Hard Springing Yes Yes No NAP NAP NAP NAP
29 Loan   1 927-933 Flatbush Avenue Springing Springing Yes Yes No NAP NAP NAP NAP
30 Loan   1 Northville Shopping Center Phase II Springing Springing Yes Yes No NAP NAP NAP NAP
31 Loan 5 1 US Storage Centers - La Crescenta, CA None None No No No NAP NAP NAP NAP
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC Springing Springing Yes No No NAP NAP NAP NAP
32.01 Property   1 Swifts MHC                  
32.02 Property   1 Gulf to Bay MHC                  
33 Loan   1 Compass Point Medical Complex Hard Springing Yes Yes No NAP NAP NAP NAP
34 Loan H 1 Superior Building Springing Springing Yes No No NAP NAP NAP NAP
35 Loan 13, 17, 18 1 872 East 164th Street Springing Springing Yes No No NAP NAP NAP NAP
36 Loan   1 Walnut Grove MHC Springing Springing Yes No No NAP NAP NAP NAP
37 Loan   1 Park Place Apartments None None No No No NAP NAP NAP NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC Springing Springing Yes No No NAP NAP NAP NAP
38.01 Property   1 Stage Coach MHC                  
38.02 Property   1 City Trailer Park                  
39 Loan   1 CityLine Milledgeville Springing Springing Yes No No NAP NAP NAP NAP
40 Loan   1 1412 College Ave Springing Springing Yes No No NAP NAP NAP NAP
41 Loan 19 1 Lexington Grand Springing Springing Yes No No NAP NAP NAP NAP
42 Loan   1 4975 Clark Howell Highway Springing Springing Yes No No NAP NAP NAP NAP
43 Loan   1 Taylors Square Hard Springing Yes Yes No NAP NAP NAP NAP
44 Loan 8 2 East Coast Storage Portfolio Springing Springing Yes No No NAP NAP NAP NAP
44.01 Property   1 MMJ Self Storage                  
44.02 Property   1 AAA Self Storage                  
45 Loan   1 Benton Crossing Hard Springing Yes Yes No NAP NAP NAP NAP
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Hard Springing Yes No Yes No 2,460,000 707,540,000 3,945,876.88

 

 A-1-14 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan
Cut-off Date Balance ($)
Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%)
                         
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre 1,377,587.73 NAP NAP 260,000,000 1,377,587.73 45.5% 2.19 14.6%
2 Loan 8, 9 4 Kleban Retail Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
2.01 Property   1 Home Depot - Kenner                
2.02 Property   1 Altamira Shopping Village                
2.03 Property   1 Walmart - Mobile                
2.04 Property   1 Walgreens - Garden City                
3 Loan 6, A 1 Western Digital Milpitas Campus 728,600.83 NAP NAP 126,000,000 728,600.83 64.0% 1.63 12.0%
4 Loan 6, 10 1 Jordan Creek Town Center 1,008,312.50 NAP NAP 170,000,000 1,008,312.50 53.0% 1.93 14.4%
5 Loan 6, 10 1 Galleria at Tyler 1,003,623.26 NAP NAP 150,000,000 1,003,623.26 50.0% 1.96 16.7%
6 Loan 22, 24 1 Aliz Hotel Times Square NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Bethesda Marriott NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 26 1 The Vista NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 6 1 Respara 327,359.38 NAP NAP 61,500,000 327,359.38 66.1% 1.25 8.0%
10 Loan B 1 Highland Village NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
12.01 Property   1 Westgate Shopping Center                
12.02 Property   1 Airline Shopping Center                
13 Loan   1 Wilshire Colonnade NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Drexel Terraces NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 6, 10, 28 1 Staten Island Mall 1,273,106.48 NAP NAP 200,000,000 1,273,106.48 42.8% 2.09 16.5%
16 Loan 6, 12, 20, 27 1 Casa Cipriani 704,039.35 NAP NAP 102,860,379 704,039.35 49.9% 2.38 22.0%
17 Loan 15 1 Canyon Park West NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 6 1 11755 Wilshire 415,424.07 NAP NAP 70,000,000 415,424.07 42.7% 1.80 14.1%
19 Loan   1 Delray Corner NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 1575 Jersey Ave NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Terrell Plaza NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 Sherman Oaks First Plaza NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 16, E 1 Tahoma Vista NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 Greenbox II Self Storage NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Ponder Place NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
26.01 Property   1 La Quinta Inn Brownwood                
26.02 Property   1 Hampton Inn Oklahoma City NE                
27 Loan F 1 Gateway Square Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Elm Street Plaza NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan   1 927-933 Flatbush Avenue NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan   1 Northville Shopping Center Phase II NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 5 1 US Storage Centers - La Crescenta, CA NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC NAP NAP NAP NAP NAP NAP NAP NAP
32.01 Property   1 Swifts MHC                
32.02 Property   1 Gulf to Bay MHC                
33 Loan   1 Compass Point Medical Complex NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan H 1 Superior Building NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 13, 17, 18 1 872 East 164th Street NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   1 Walnut Grove MHC NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   1 Park Place Apartments NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC NAP NAP NAP NAP NAP NAP NAP NAP
38.01 Property   1 Stage Coach MHC                
38.02 Property   1 City Trailer Park                
39 Loan   1 CityLine Milledgeville NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 1412 College Ave NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan 19 1 Lexington Grand NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan   1 4975 Clark Howell Highway NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan   1 Taylors Square NAP NAP NAP NAP NAP NAP NAP NAP
44 Loan 8 2 East Coast Storage Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
44.01 Property   1 MMJ Self Storage                
44.02 Property   1 AAA Self Storage                
45 Loan   1 Benton Crossing NAP NAP NAP NAP NAP NAP NAP NAP
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center 3,959,596.04 NAP NAP 710,000,000 3,959,596.04 39.4% 2.00 13.7%

 

 A-1-15 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type Sponsor
                             
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre NAP NAP NAP NAP NAP NAP NAP No NAP Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois
2 Loan 8, 9 4 Kleban Retail Portfolio NAP NAP NAP NAP NAP NAP NAP No NAP Kenneth Kleban, Kleban Properties, LLC
2.01 Property   1 Home Depot - Kenner                    
2.02 Property   1 Altamira Shopping Village                    
2.03 Property   1 Walmart - Mobile                    
2.04 Property   1 Walgreens - Garden City                    
3 Loan 6, A 1 Western Digital Milpitas Campus NAP NAP NAP NAP NAP NAP NAP No NAP Blue Owl Capital, Inc. and Blue Owl Real Estate Capital, LLC
4 Loan 6, 10 1 Jordan Creek Town Center NAP NAP NAP NAP NAP NAP NAP No NAP Brookfield Properties Retail Holding LLC
5 Loan 6, 10 1 Galleria at Tyler NAP NAP NAP NAP NAP NAP NAP No NAP Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois
6 Loan 22, 24 1 Aliz Hotel Times Square NAP NAP NAP NAP NAP NAP NAP No NAP Helm Management, Inc.
7 Loan   1 Bethesda Marriott NAP NAP NAP NAP NAP NAP NAP Yes Mezzanine John J. Mullen
8 Loan 26 1 The Vista NAP NAP NAP NAP NAP NAP NAP No NAP Percival Vaz and Luxmi Vaz
9 Loan 6 1 Respara NAP NAP NAP NAP NAP NAP NAP No NAP Christopher M. Liebes and Hugh H. Evans, III
10 Loan B 1 Highland Village NAP NAP NAP NAP NAP NAP NAP No NAP WS Development
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor NAP NAP NAP NAP NAP NAP NAP No NAP SAK Developers
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio NAP NAP NAP NAP NAP NAP NAP No NAP Victory Real Estate Investments, LLC
12.01 Property   1 Westgate Shopping Center                    
12.02 Property   1 Airline Shopping Center                    
13 Loan   1 Wilshire Colonnade NAP NAP NAP NAP NAP NAP NAP No NAP Tai Sing Lam
14 Loan   1 Drexel Terraces NAP NAP NAP NAP NAP NAP NAP No NAP Raphael Lowenstein and John Lowenstein
15 Loan 6, 10, 28 1 Staten Island Mall NAP NAP NAP NAP NAP NAP NAP No NAP BPR Nimbus LLC 
16 Loan 6, 12, 20, 27 1 Casa Cipriani NAP NAP NAP NAP NAP NAP NAP No NAP Joseph Cayre, Giuseppe Cipriani, Henry Hay and Harlan Berger
17 Loan 15 1 Canyon Park West NAP NAP NAP NAP NAP NAP NAP No NAP Patrick Wood and Joel Farkas
18 Loan 6 1 11755 Wilshire NAP NAP NAP NAP NAP NAP NAP No NAP California State Teachers’ Retirement System
19 Loan   1 Delray Corner NAP NAP NAP NAP NAP NAP NAP No NAP Sylvia Kanoff and Michael Kanoff
20 Loan   1 1575 Jersey Ave NAP NAP NAP NAP NAP NAP NAP No NAP Victor Guindi, Henry Guindi and Fred Guindi
21 Loan   1 Terrell Plaza NAP NAP NAP NAP NAP NAP NAP No NAP Property Commerce Dividend Fund, LP
22 Loan   1 Sherman Oaks First Plaza NAP NAP NAP NAP NAP NAP NAP No NAP Govind Vaghashia
23 Loan 16, E 1 Tahoma Vista NAP NAP NAP NAP NAP NAP NAP No NAP Rhino Investments Group
24 Loan   1 Greenbox II Self Storage NAP NAP NAP NAP NAP NAP NAP No NAP Bahman Shafa
25 Loan   1 Ponder Place NAP NAP NAP NAP NAP NAP NAP No NAP Mark Vakili
26 Loan 8 2 Oklahoma Texas Hotel Portfolio NAP NAP NAP NAP NAP NAP NAP No NAP Rohit B. Chaudhary
26.01 Property   1 La Quinta Inn Brownwood                    
26.02 Property   1 Hampton Inn Oklahoma City NE                    
27 Loan F 1 Gateway Square Shopping Center NAP NAP NAP NAP NAP NAP NAP No NAP FHS Associates
28 Loan   1 Elm Street Plaza NAP NAP NAP NAP NAP NAP NAP No NAP Allan Bernheimer and Jeffrey R. Miller
29 Loan   1 927-933 Flatbush Avenue NAP NAP NAP NAP NAP NAP NAP No NAP Ezra Ashkenazi
30 Loan   1 Northville Shopping Center Phase II NAP NAP NAP NAP NAP NAP NAP No NAP Grand Sakwa Properties LLC
31 Loan 5 1 US Storage Centers - La Crescenta, CA NAP NAP NAP NAP NAP NAP NAP No NAP Westport Properties, Inc.
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC NAP NAP NAP NAP NAP NAP NAP No NAP Bedrock Communities
32.01 Property   1 Swifts MHC                    
32.02 Property   1 Gulf to Bay MHC                    
33 Loan   1 Compass Point Medical Complex NAP NAP NAP NAP NAP NAP NAP No NAP Allan Bernheimer and Jeffrey R. Miller
34 Loan H 1 Superior Building NAP NAP NAP NAP NAP NAP NAP No NAP Gregory C. McLemore
35 Loan 13, 17, 18 1 872 East 164th Street NAP NAP NAP NAP NAP NAP NAP No NAP Joseph E. Safdie and Leah Waldman
36 Loan   1 Walnut Grove MHC NAP NAP NAP NAP NAP NAP NAP No NAP Victor M. Martinez
37 Loan   1 Park Place Apartments NAP NAP NAP NAP NAP NAP NAP No NAP Gary L. Felder
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC NAP NAP NAP NAP NAP NAP NAP No NAP Victor M. Martinez
38.01 Property   1 Stage Coach MHC                    
38.02 Property   1 City Trailer Park                    
39 Loan   1 CityLine Milledgeville NAP NAP NAP NAP NAP NAP NAP No NAP Robert Fortunoff, Scott Fortunoff, Gregory Fortunoff and Jill Gerstenblatt
40 Loan   1 1412 College Ave NAP NAP NAP NAP NAP NAP NAP No NAP Joseph E. Safdie
41 Loan 19 1 Lexington Grand NAP NAP NAP NAP NAP NAP NAP No NAP Michael Garland and Henry Loyd Fornes, III
42 Loan   1 4975 Clark Howell Highway NAP NAP NAP NAP NAP NAP NAP No NAP Jill Pierce
43 Loan   1 Taylors Square NAP NAP NAP NAP NAP NAP NAP No NAP Francis Greenburger
44 Loan 8 2 East Coast Storage Portfolio NAP NAP NAP NAP NAP NAP NAP No NAP Randall Caldwell
44.01 Property   1 MMJ Self Storage                    
44.02 Property   1 AAA Self Storage                    
45 Loan   1 Benton Crossing NAP NAP NAP NAP NAP NAP NAP No NAP Francis Greenburger
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center NAP NAP NAP NAP NAP NAP NAP No NAP The Macerich Partnership, L.P. and Alaska Permanent Fund Corporation

 

 A-1-16 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Recourse Carveout Guarantor Delaware Statutory Trust (Y/N) Tenants-in-common (Y/N)
               
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre GGP-TRS L.L.C. No No
2 Loan 8, 9 4 Kleban Retail Portfolio Kenneth Kleban No Yes
2.01 Property   1 Home Depot - Kenner      
2.02 Property   1 Altamira Shopping Village      
2.03 Property   1 Walmart - Mobile      
2.04 Property   1 Walgreens - Garden City      
3 Loan 6, A 1 Western Digital Milpitas Campus Blue Owl Real Estate Fund VI LP, Blue Owl Real Estate Fund VI (A) LP and Blue Owl Real Estate Fund VI (B) LP No No
4 Loan 6, 10 1 Jordan Creek Town Center BPR Nimbus LLC No No
5 Loan 6, 10 1 Galleria at Tyler GGP-TRS L.L.C. No No
6 Loan 22, 24 1 Aliz Hotel Times Square Abraham Noy No No
7 Loan   1 Bethesda Marriott John J. Mullen No No
8 Loan 26 1 The Vista AMCAL Multi-Housing Inc. No No
9 Loan 6 1 Respara Christopher M. Liebes and Hugh H. Evans, III No No
10 Loan B 1 Highland Village SDM Holdings LLC No No
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor Waheed Ashiq No No
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio Victory Real Estate Investments, LLC No No
12.01 Property   1 Westgate Shopping Center      
12.02 Property   1 Airline Shopping Center      
13 Loan   1 Wilshire Colonnade Tai Sing Lam No No
14 Loan   1 Drexel Terraces Raphael Lowenstein and John Lowenstein No No
15 Loan 6, 10, 28 1 Staten Island Mall BPR Nimbus LLC  No No
16 Loan 6, 12, 20, 27 1 Casa Cipriani Joseph Cayre, Giuseppe Cipriani, Henry Hay and Harlan Berger No No
17 Loan 15 1 Canyon Park West Patrick Wood and Joel Farkas No No
18 Loan 6 1 11755 Wilshire NAP No No
19 Loan   1 Delray Corner Sylvia Kanoff and Michael Kanoff No No
20 Loan   1 1575 Jersey Ave Victor Guindi, Henry Guindi and Fred Guindi No No
21 Loan   1 Terrell Plaza Property Commerce Dividend Fund, LP, Stanley Jay Williams, Jr. and Kevin Robins No No
22 Loan   1 Sherman Oaks First Plaza Govind Vaghashia No No
23 Loan 16, E 1 Tahoma Vista Sanjiv Chopra No No
24 Loan   1 Greenbox II Self Storage Bahman Shafa No No
25 Loan   1 Ponder Place Mark Vakili and The Vakili Family Trust Dated August 2, 1999 No No
26 Loan 8 2 Oklahoma Texas Hotel Portfolio Rohit B. Chaudhary and Naresh Chaudhary No No
26.01 Property   1 La Quinta Inn Brownwood      
26.02 Property   1 Hampton Inn Oklahoma City NE      
27 Loan F 1 Gateway Square Shopping Center Mark F. Simens and Richard Alexander Freemon and Philip Gregory Freemon, each as Co-Trustee of Richard D. Freemon 1980 Inter-Vivos Trust u/t/a Dated July 30, 2010, as amended, al known as the Richard D. Freemon Trust, As Amended No No
28 Loan   1 Elm Street Plaza Allan Bernheimer and Jeffrey R. Miller No No
29 Loan   1 927-933 Flatbush Avenue Ezra Ashkenazi No No
30 Loan   1 Northville Shopping Center Phase II Daniel L. Stern, Christopher G. Brochert and Stephen Grand Trust Under Agreement Dated September 15, 1988 No No
31 Loan 5 1 US Storage Centers - La Crescenta, CA Laulhere Realty Limited Partnership No No
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC Bedrock MHC Partners III L.P. No No
32.01 Property   1 Swifts MHC      
32.02 Property   1 Gulf to Bay MHC      
33 Loan   1 Compass Point Medical Complex Allan Bernheimer and Jeffrey R. Miller No No
34 Loan H 1 Superior Building Gregory C. McLemore No No
35 Loan 13, 17, 18 1 872 East 164th Street Joseph E. Safdie and Leah Waldman No No
36 Loan   1 Walnut Grove MHC Victor M. Martinez No No
37 Loan   1 Park Place Apartments Gary L. Felder No No
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC Victor M. Martinez No No
38.01 Property   1 Stage Coach MHC      
38.02 Property   1 City Trailer Park      
39 Loan   1 CityLine Milledgeville Richard Schontz, Lawrence Charles Kaplan, George Thacker and Peter J. Veltri No No
40 Loan   1 1412 College Ave Joseph E. Safdie No No
41 Loan 19 1 Lexington Grand Michael Garland and Henry Loyd Fornes, III No No
42 Loan   1 4975 Clark Howell Highway Lawrence Charles Kaplan and George Thacker No No
43 Loan   1 Taylors Square Francis Greenburger No No
44 Loan 8 2 East Coast Storage Portfolio Randall Caldwell No No
44.01 Property   1 MMJ Self Storage      
44.02 Property   1 AAA Self Storage      
45 Loan   1 Benton Crossing Francis Greenburger No No
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center The Macerich Partnership, L.P. No No

 

 A-1-17 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other
Sources ($)
Sources: Total Sources ($) Uses: Loan
Payoff ($)
Uses: Purchase
Price ($)
Uses: Closing
 Costs ($)
Uses:
Reserves ($)
Uses: Principal Equity Distribution ($)
                                 
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre Refinance   260,000,000 0 0 0 260,000,000 211,601,763 0 3,205,539 3,966,953 41,225,745
2 Loan 8, 9 4 Kleban Retail Portfolio Refinance   69,800,000 1,720,977 0 0 71,520,977 69,716,808 0 1,343,004 461,164 0
2.01 Property   1 Home Depot - Kenner                        
2.02 Property   1 Altamira Shopping Village                        
2.03 Property   1 Walmart - Mobile                        
2.04 Property   1 Walgreens - Garden City                        
3 Loan 6, A 1 Western Digital Milpitas Campus Recapitalization   126,000,000 70,581,281 0 0 196,581,281 0 0 4,131,281 0 0
4 Loan 6, 10 1 Jordan Creek Town Center Refinance   170,000,000 8,657,092 0 0 178,657,092 173,058,858 0 598,234 5,000,000 0
5 Loan 6, 10 1 Galleria at Tyler Refinance   150,000,000 13,330,744 0 0 163,330,744 152,794,561 0 611,806 9,924,378 0
6 Loan 22, 24 1 Aliz Hotel Times Square Refinance   49,900,000 0 0 0 49,900,000 44,546,160 0 1,492,528 439,256 3,422,056
7 Loan   1 Bethesda Marriott Recapitalization   39,800,000 0 0 0 39,800,000 0 0 3,117,199 0 36,682,801
8 Loan 26 1 The Vista Refinance   38,500,000 2,731,046 0 0 41,231,046 38,831,704 0 2,065,561 333,781 0
9 Loan 6 1 Respara Refinance   61,500,000 0 0 0 61,500,000 54,463,006 0 1,174,578 55,544 5,806,872
10 Loan B 1 Highland Village Refinance   35,000,000 0 0 0 35,000,000 29,235,798 0 1,072,293 2,616,865 2,075,044
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor Acquisition   34,300,000 15,614,710 0 0 49,914,710 0 47,000,000 1,104,710 1,810,000 0
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio Refinance   34,000,000 0 0 0 34,000,000 31,681,915 0 637,678 507,188 1,173,219
12.01 Property   1 Westgate Shopping Center                        
12.02 Property   1 Airline Shopping Center                        
13 Loan   1 Wilshire Colonnade Refinance Yes 33,500,000 19,289,266 0 0 52,789,266 49,410,501 0 929,153 2,449,613 0
14 Loan   1 Drexel Terraces Refinance   31,000,000 0 0 0 31,000,000 21,282,633 0 2,010,276 107,224 7,599,867
15 Loan 6, 10, 28 1 Staten Island Mall Refinance   200,000,000 11,179,744 0 0 211,179,744 204,429,707 0 1,766,053 4,983,984 0
16 Loan 6, 12, 20, 27 1 Casa Cipriani Refinance                      
17 Loan 15 1 Canyon Park West Refinance                      
18 Loan 6 1 11755 Wilshire Refinance                      
19 Loan   1 Delray Corner Refinance                      
20 Loan   1 1575 Jersey Ave Refinance                      
21 Loan   1 Terrell Plaza Refinance                      
22 Loan   1 Sherman Oaks First Plaza Refinance                      
23 Loan 16, E 1 Tahoma Vista Refinance                      
24 Loan   1 Greenbox II Self Storage Refinance                      
25 Loan   1 Ponder Place Acquisition                      
26 Loan 8 2 Oklahoma Texas Hotel Portfolio Refinance/Acquisition                      
26.01 Property   1 La Quinta Inn Brownwood                        
26.02 Property   1 Hampton Inn Oklahoma City NE                        
27 Loan F 1 Gateway Square Shopping Center Refinance                      
28 Loan   1 Elm Street Plaza Refinance                      
29 Loan   1 927-933 Flatbush Avenue Refinance                      
30 Loan   1 Northville Shopping Center Phase II Refinance                      
31 Loan 5 1 US Storage Centers - La Crescenta, CA Refinance                      
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC Acquisition                      
32.01 Property   1 Swifts MHC                        
32.02 Property   1 Gulf to Bay MHC                        
33 Loan   1 Compass Point Medical Complex Refinance                      
34 Loan H 1 Superior Building Refinance                      
35 Loan 13, 17, 18 1 872 East 164th Street Refinance                      
36 Loan   1 Walnut Grove MHC Refinance                      
37 Loan   1 Park Place Apartments Refinance                      
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC Refinance                      
38.01 Property   1 Stage Coach MHC                        
38.02 Property   1 City Trailer Park                        
39 Loan   1 CityLine Milledgeville Acquisition                      
40 Loan   1 1412 College Ave Refinance                      
41 Loan 19 1 Lexington Grand Refinance                      
42 Loan   1 4975 Clark Howell Highway Acquisition                      
43 Loan   1 Taylors Square Refinance                      
44 Loan 8 2 East Coast Storage Portfolio Refinance                      
44.01 Property   1 MMJ Self Storage                        
44.02 Property   1 AAA Self Storage                        
45 Loan   1 Benton Crossing Recapitalization                      
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center Refinance                      

 

 A-1-18 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Other
Uses ($)
Uses: Total
Uses ($)
Franchise Agreement Expiration Underwritten
ADR ($)
Underwritten
RevPAR ($)
Underwritten Hotel
Occupancy (%)
Most Recent
ADR ($)
Most Recent
RevPAR ($)
Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most
Recent ADR ($)
Third Most
Recent RevPAR ($)
                                     
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre 0 260,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 8, 9 4 Kleban Retail Portfolio 0 71,520,977 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2.01 Property   1 Home Depot - Kenner     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2.02 Property   1 Altamira Shopping Village     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2.03 Property   1 Walmart - Mobile     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2.04 Property   1 Walgreens - Garden City     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 6, A 1 Western Digital Milpitas Campus 192,450,000 196,581,281 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 6, 10 1 Jordan Creek Town Center 0 178,657,092 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 6, 10 1 Galleria at Tyler 0 163,330,744 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 22, 24 1 Aliz Hotel Times Square 0 49,900,000 NAP 241.23 195.81 81.2% 241.23 195.81 81.2% 224.83 160.05 71.2% 139.04 67.42
7 Loan   1 Bethesda Marriott 0 39,800,000 NAP 163.98 91.16 55.6% 163.98 91.16 55.6% 146.73 71.51 48.7% 112.87 34.30
8 Loan 26 1 The Vista 0 41,231,046 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 6 1 Respara 0 61,500,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan B 1 Highland Village 0 35,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor 0 49,914,710 3/31/2039 224.78 177.34 78.9% 224.78 177.34 78.9% 222.57 175.72 79.0% 217.31 137.32
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio 0 34,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.01 Property   1 Westgate Shopping Center     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.02 Property   1 Airline Shopping Center     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan   1 Wilshire Colonnade 0 52,789,266 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Drexel Terraces 0 31,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 6, 10, 28 1 Staten Island Mall 0 211,179,744 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 6, 12, 20, 27 1 Casa Cipriani     NAP 1,365.46 887.57 65.0% 1,365.46 887.57 65.0% 1,379.90 796.65 57.7% 1,684.05 483.95
17 Loan 15 1 Canyon Park West     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 6 1 11755 Wilshire     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 Delray Corner     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 1575 Jersey Ave     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Terrell Plaza     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 Sherman Oaks First Plaza     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 16, E 1 Tahoma Vista     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 Greenbox II Self Storage     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Ponder Place     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 8 2 Oklahoma Texas Hotel Portfolio     Various 110.05 80.87 73.5% 110.05 80.87 73.5% 103.90 78.60 75.6% 88.38 64.59
26.01 Property   1 La Quinta Inn Brownwood     5/20/2041 124.69 102.38 82.1% 124.69 102.38 82.1% 113.75 95.30 83.8% 93.48 75.87
26.02 Property   1 Hampton Inn Oklahoma City NE     3/31/2039 91.80 59.65 65.0% 91.80 59.65 65.0% 91.86 62.13 67.6% 82.10 53.47
27 Loan F 1 Gateway Square Shopping Center     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Elm Street Plaza     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan   1 927-933 Flatbush Avenue     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan   1 Northville Shopping Center Phase II     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 5 1 US Storage Centers - La Crescenta, CA     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32.01 Property   1 Swifts MHC     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32.02 Property   1 Gulf to Bay MHC     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan   1 Compass Point Medical Complex     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan H 1 Superior Building     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 13, 17, 18 1 872 East 164th Street     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   1 Walnut Grove MHC     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   1 Park Place Apartments     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
38.01 Property   1 Stage Coach MHC     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
38.02 Property   1 City Trailer Park     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan   1 CityLine Milledgeville     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 1412 College Ave     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan 19 1 Lexington Grand     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan   1 4975 Clark Howell Highway     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan   1 Taylors Square     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
44 Loan 8 2 East Coast Storage Portfolio     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
44.01 Property   1 MMJ Self Storage     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
44.02 Property   1 AAA Self Storage     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
45 Loan   1 Benton Crossing     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-19 

 

BANK5 Trust 2024-5YR6

Annex A-1

 

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Most Recent Hotel Occupancy (%) Coop - Committed Secondary Debt Coop - Rental Value Coop - LTV as Rental  Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop - Coop Units Coop - Sponsor/Investor Carry
                           
1 Loan 6, 7, 10, 21 1 Kenwood Towne Centre NAP                
2 Loan 8, 9 4 Kleban Retail Portfolio NAP                
2.01 Property   1 Home Depot - Kenner NAP                
2.02 Property   1 Altamira Shopping Village NAP                
2.03 Property   1 Walmart - Mobile NAP                
2.04 Property   1 Walgreens - Garden City NAP                
3 Loan 6, A 1 Western Digital Milpitas Campus NAP                
4 Loan 6, 10 1 Jordan Creek Town Center NAP                
5 Loan 6, 10 1 Galleria at Tyler NAP                
6 Loan 22, 24 1 Aliz Hotel Times Square 48.5%                
7 Loan   1 Bethesda Marriott 30.4%                
8 Loan 26 1 The Vista NAP                
9 Loan 6 1 Respara NAP                
10 Loan B 1 Highland Village NAP                
11 Loan 14, 25, C 1 Hampton Inn & Suites National Harbor 63.2%                
12 Loan 8, 9, D 2 Victory Louisiana Real Estate Portfolio NAP                
12.01 Property   1 Westgate Shopping Center NAP                
12.02 Property   1 Airline Shopping Center NAP                
13 Loan   1 Wilshire Colonnade NAP                
14 Loan   1 Drexel Terraces NAP                
15 Loan 6, 10, 28 1 Staten Island Mall NAP                
16 Loan 6, 12, 20, 27 1 Casa Cipriani 28.7%                
17 Loan 15 1 Canyon Park West NAP                
18 Loan 6 1 11755 Wilshire NAP                
19 Loan   1 Delray Corner NAP                
20 Loan   1 1575 Jersey Ave NAP                
21 Loan   1 Terrell Plaza NAP                
22 Loan   1 Sherman Oaks First Plaza NAP                
23 Loan 16, E 1 Tahoma Vista NAP                
24 Loan   1 Greenbox II Self Storage NAP                
25 Loan   1 Ponder Place NAP                
26 Loan 8 2 Oklahoma Texas Hotel Portfolio 73.1%                
26.01 Property   1 La Quinta Inn Brownwood 81.2%                
26.02 Property   1 Hampton Inn Oklahoma City NE 65.1%                
27 Loan F 1 Gateway Square Shopping Center NAP                
28 Loan   1 Elm Street Plaza NAP                
29 Loan   1 927-933 Flatbush Avenue NAP                
30 Loan   1 Northville Shopping Center Phase II NAP                
31 Loan 5 1 US Storage Centers - La Crescenta, CA NAP                
32 Loan 8, 9, G 2 Swifts MHC and Gulf to Bay MHC NAP                
32.01 Property   1 Swifts MHC NAP                
32.02 Property   1 Gulf to Bay MHC NAP                
33 Loan   1 Compass Point Medical Complex NAP                
34 Loan H 1 Superior Building NAP                
35 Loan 13, 17, 18 1 872 East 164th Street NAP                
36 Loan   1 Walnut Grove MHC NAP                
37 Loan   1 Park Place Apartments NAP                
38 Loan 8, 9 2 City Trailer Park and Stage Coach MHC NAP                
38.01 Property   1 Stage Coach MHC NAP                
38.02 Property   1 City Trailer Park NAP                
39 Loan   1 CityLine Milledgeville NAP                
40 Loan   1 1412 College Ave NAP                
41 Loan 19 1 Lexington Grand NAP                
42 Loan   1 4975 Clark Howell Highway NAP                
43 Loan   1 Taylors Square NAP                
44 Loan 8 2 East Coast Storage Portfolio NAP                
44.01 Property   1 MMJ Self Storage NAP                
44.02 Property   1 AAA Self Storage NAP                
45 Loan   1 Benton Crossing NAP                
46 Loan 6, 10, 11, 23, I 1 Tysons Corner Center NAP                

 

 A-1-20 

 

BANK5 Trust 2024-5YR6

Footnotes to Annex A-1

   

(1) JPMCB—JPMorgan Chase Bank, National Association; MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC;  WFB—Wells Fargo Bank, National Association; BANA—Bank of America, National Association.
   
(2) Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding single tenant properties, the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective Mortgaged Properties which are not in occupancy or are in free rent periods.
   
(3) The Administrative Fee Rate includes the Servicing Fee Rate, Operating Advisor Fee Rate, Certificate Administrator/Trustee Fee Rate, Asset Representations Reviewer Fee Rate, CREFC® Intellectual Property Royalty License Fee Rate.
   
(4) Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting single tenant properties, the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective Mortgaged Properties.
   
(5) With Respect to Mortgage Loan No. 31, US Storage Centers - La Crescenta, CA, the Number of Units includes 22,895 SF of retail tenants.
   
(6) With respect to Mortgage Loan No. 1, Kenwood Towne Centre, Mortgage Loan No. 3, Western Digital Milpitas Campus, Mortgage Loan No. 4, Jordan Creek Town Center, Mortgage Loan No. 5, Galleria at Tyler, Mortgage Loan No. 9, Respara, Mortgage Loan No. 15, Staten Island Mall, Mortgage Loan No. 16, Casa Cipriani, Mortgage Loan No. 18, 11755 Wilshire and Mortgage Loan No. 46, Tysons Corner Center, such Mortgage Loans are each part of a Whole Loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan, together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this prospectus.
    
(7) With respect to Mortgage Loan No. 1, Kenwood Towne Centre, the Number of Units consists of 770,312 SF of owned improvements and 262,829 SF of leased fee improvements. The Loan Per Unit ($) is based on the total SF of 1,033,141. The Loan Per Unit ($) based on the owned SF of 770,312 is $337.53.
   
(8) With respect to Mortgage Loan No. 2, Kleban Retail Portfolio, Mortgage Loan No. 12, Victory Louisiana Real Estate Portfolio, Mortgage Loan No. 26, Oklahoma Texas Hotel Portfolio, Mortgage Loan No. 32, Swifts MHC and Gulf to Bay MHC, Mortgage Loan No. 38, City Trailer Park and Stage Coach MHC and Mortgage Loan No. 44, East Coast Storage Portfolio, such Mortgage Loans are secured by multiple Mortgaged Properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or Underwritten NCF, among other methods.  
   
(9) With respect to Mortgage Loan No. 2, Kleban Retail Portfolio, Mortgage Loan No. 12, Victory Louisiana Real Estate Portfolio, Mortgage Loan No.  32, Swifts MHC and  Gulf to Bay MHC, and Mortgage Loan No. 38, City Trailer Park and Stage Coach MHC, the related Mortgage Loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance, partial prepayment or partial assumption of the related Mortgage Loan or substitution of a Mortgaged Property. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus.
   
(10) With respect to Mortgage Loan No. 1, Kenwood Towne Centre, Mortgage Loan No. 4, Jordan Creek Town Center, Mortgage Loan No. 5, Galleria at Tyler, Mortgage Loan No. 15, Staten Island Mall and Mortgage Loan No. 46, Tysons Corner Center, the related Mortgage Loan documents permit an outparcel or other release without prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus.
   
(11) With respect to Loan No. 46, Tysons Corner Center, the Whole Loan is permitted to be prepaid with the payment of a yield maintenance premium any time from and after the date that is the earlier to occur (a) the monthly payment date occurring in December 2026 and (b) the end of the two-year period commencing on the closing date of the securitization of the last portion of the Tysons Corner Center Whole Loan to be securitized (the “Lockout Release Date”), while defeasance is permitted on any business day after the Lockout Release Date. The assumed yield maintenance premium lockout period of 28 is based on the expected closing date of this transaction on May 6, 2024.
   
(12) With respect to Loan No. 16, Casa Cipriani, the borrower master leases the Mortgaged Property to 10 South Street Master Tenant LLC (the “Master Lessee”) under which the Master Lessee operates the Mortgaged Property and pays rent to the

 

 A-1-21 

 

 

  borrower. The Master Lessee has entered into three subleases with affiliates of the borrower which entities collect revenues from the Mortgaged Property. The borrower is entitled to receive rents under the master lease rather than the underlying revenue collected by the operating sublessees. The operating sublessees are party to the Casa Cipriani Mortgage Loan agreement and have agreed to comply with the lockbox and cash management provisions therein. Revenue and cash flow information are based on the underlying revenue from the Mortgaged Property, rather than on the rent due under the master lease or any operating sublease. The debt service coverage ratio and debt yield based on the master base rent of $8,389,807 plus supplemental rent of $2,632,961 for the year 2024 are 1.30x and 10.7%, respectively.
   
(13) With respect to Mortgage Loan No. 35, 872 East 164th Street, the Mortgage Loan was underwritten assuming a 421-a exemption, which the borrower is in the process of applying for, would be received, and assuming that overage rent would be received under the CityFHEPS program.  In addition, the Mortgage Loan was underwritten assuming 95% occupancy.  Occupancy as of February 2, 2024 was 88.9%. There are currently 2 vacant affordable units. Tenants have been identified for the 2 vacant affordable units and the borrower is expected to execute direct leases with the tenants if and when their CityFHEPS vouchers are approved.  Without the 421-a exemption (but assuming 95% occupancy), Underwritten NOI DSCR (x) would be 1.13x, Underwritten NCF DSCR (x) would be 1.12x, Underwritten NOI Debt Yield (%) would be 7.8% and Underwritten NCF Debt Yield (%) would be 7.7%.  Without the 421-a tax exemption, and assuming that rents were paid under the Section 8 tenant-based assistance rental certificate program of the United States Department of Housing and Urban Development, rather than under the CityFHEPS program (but assuming 95% occupancy), Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) would be 0.98x, 0.97x, 6.7% and 6.7%, respectively.
   
(14) With respect to Loan No. 11, Hampton Inn & Suites National Harbor, the Appraised Value of $49,000,000 represents the “As-If PIP Escrowed” appraised value based on the hypothetical assumption that the franchise required property improvement plan (“PIP”) would be funded by a cash reserve held in escrow and that such reserved funds would be available for any potential purchase. At origination of the Hampton Inn & Suites National Harbor Mortgage Loan, the borrower deposited $1,800,000 into a PIP reserve to fund a franchise required PIP. Based on the “As-Is” appraised value of $47,000,000, the Hampton Inn & Suites National Harbor Mortgage Loan results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 73.0%.
   
(15) With respect to Mortgage Loan No. 17, Canyon Park West, the Appraised Value represents the Market Value Hypothetical with Reserve, which assumes In-N-Out Burger has opened for business and commenced rent payments at origination. The In N Out 20-year lease is signed and all leasing costs and gap rent were reserved at origination.
   
(16) With respect to Mortgage Loan No. 23, Tahoma Vista, the Appraised Value of $17,590,000 represents an as-is appraised value based on the extraordinary assumption that the tenant allowance of $1,052,200 for the tenant Urban Air has been escrowed. At origination of the Tahoma Vista Mortgage Loan, $1,052,200 was escrowed with the lender for the Urban Air tenant allowance. Based on the "as-is" appraised value of $16,390,000, the Tahoma Vista Mortgage Loan results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 67.4%.
   
(17) With respect to Mortgage Loan No. 35, 872 East 164th Street, the Appraised Value of $9,800,000 represents the Prospective Value Upon Stabilization value as of January 1, 2024, which assumes occupancy of 96.5%. Based on the "as is" Appraised Value of $9,750,000 as of November 17, 2023, the 872 East 164th Street Mortgage Loan would result in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 61.8%. The appraisal assumes occupancy of 96.5%, while occupancy as of February 2, 2024 was 88.9%. There are currently 2 vacant affordable units. Tenants have been identified for the 2 vacant affordable units and the borrower is expected to execute direct leases with the tenants if and when their CityFHEPS vouchers are approved. If these leases are executed, occupancy would increase to 100.0%.  
   
(18) With respect to Mortgage Loan No. 35, 872 East 164th Street, the borrower is in the process of applying for a 421-a tax exemption, which has not been approved. The appraisal calculates the net present value of such 421-a exemption to be $2,727,549, and adds such value to the capitalized value set forth in the appraisal.  If such net present value were to be subtracted from the appraised value, the appraised value would be $7,072,451, which would result in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 85.3%. There can be no assurance that a 421-a exemption will be approved, or of what the appraised value or actual value of the 872 East 164th Street Mortgaged Property would be if the exemption were not approved. In addition, the appraised value includes the present value of overage rent (above market rent) obtained from the CityFHEPS program to be $467,084.  If such present value were also deducted, the appraised value would be $6,605,367, which would result in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 91.3%.  There can be no assurance as to what the appraised value or actual value of the 872 East 164th Street Mortgaged Property would be if it were not rented pursuant to the City FHEPS program. The appraisal assumes occupancy of 96.5%, while occupancy as of February 2, 2024 was 88.9%. There are currently 2 vacant affordable units. Tenants have been identified for the 2 vacant affordable units and the borrower is expected to execute direct leases with the tenants if and when their CityFHEPS vouchers are approved. If these leases are executed, occupancy would increase to 100.0%.  
   
(19) With respect to Mortgage Loan No. 41, Lexington Grand, the as is LTV is 62.0%, which does not include the subordinate HOME loan, which was funded by HUD. The total balance LTV inclusive of the HOME loan is 72.4% as of March 27, 2024.
   
(20) With respect to Loan No. 16, Casa Cipriani, the Mortgaged Property is comprised of a 146,486 square foot, 47-room luxury hotel, event space and private members club. Leased Occupancy (%) at the Mortgaged Property is based on the hotel component.
   

 A-1-22 

 

 

(21) With respect to Mortgage Loan No. 1, Kenwood Towne Centre, the Largest Tenant, Macy’s, is a leased fee tenant, which owns its improvements.
   
(22) With respect to Loan No. 6, Aliz Hotel Times Square, the related borrower, as landlord, and an affiliate of the borrower, Aliz Group, LLC, as tenant (the “Master Tenant”), have executed, effective as of January 1, 2024, that certain Amended and Restated Ground Lease (the “Master Lease”), under which the Master Tenant operates the Mortgaged Property. The related Mortgage Loan is secured by both the borrower’s fee interest and the Master Tenant’s leasehold interest in the Mortgaged Property.
   
(23) With respect to Loan No. 46, Tysons Corner Center, the fee interest Mortgaged Property is subject to an affiliate ground lease between Tysons Corner Property Holdings LLC (the “Fee Borrower”), as landlord, and Tysons Corner Holdings LLC (the “Leasehold Borrower”), as ground lessee. The Mortgage Loan is a fee and leasehold mortgage which encumbers each of the fee estate owned by Fee Borrower and the leasehold estate owned by Leasehold Borrower. The term of the ground lease commenced on November 26, 1962, and terminates on August 31, 2035. The ground lease does not provide for any further extension options. The annual base rent for the ground lease may never be less than an amount equal to 6% of the product of $1.00 times the total number of square feet in the total area of the Mortgaged Property. The annual ground rent under the ground lease is currently $1,565,412.
   
(24) With respect to Loan No. 6, Aliz Hotel Times Square, in connection with any leases at the Mortgaged Property entered into in accordance with Mortgage Loan documents, the borrower has the right to request that the lender transfer to the rollover reserve account a portion of the FF&E reserve funds in amount equal to the amount of the related leasing items.
   
(25) With respect to Loan No. 11, Hampton Inn & Suites National Harbor, commencing on the earlier to occur of (i) a cash sweep period and (ii) the 18th payment date following the origination date, the borrower is required to deposit into an FF&E reserve, on a monthly basis, an amount equal to (i) with respect to any payment date from the origination date until March 8, 2028, 4% of the sum of (a) operating income plus (b) gross rents for the calendar month two months prior and (ii) with respect to any payment date after March 8, 2028 until the maturity date, 5% of the sum of (a) operating income plus (b) gross rents for the calendar month two months prior.
   
(26) With respect to Mortgage Loan No. 8, The Vista, the Mortgage Loan documents require an upfront reserve of $291,500 for Upfront Debt Service Reserve ($) and Monthly Debt Service Reserve ($) of $41,700, capped at $500,000. Provided, however, that the borrower is only required to make the debt service monthly deposit to the extent that sufficient cash flow exists, for the applicable month, after payment of debt service, operating expenses, and all other sums due under the loan documents. On September 30th of each year, following the closing date, the lender will disburse up to $250,000 from the debt service reserve to the borrower provided there is (i) no event of default continuing, (ii) the physical occupancy rate at The Vista Mortgaged Property is equal to or greater than 85% and (iii) the debt service coverage ratio is equal to or greater than 1.20x.
   
(27) With respect to Loan No. 16, Casa Cipriani, the borrower is required to deposit on the monthly payment date occurring in April 2024 and on each monthly payment date thereafter through and including the monthly payment date occurring in December 2025, an amount equal to $70,485.24 (which amount is intended to be equal monthly payments such that the put price reserve account has sufficient funds by the monthly payment date occurring in December 2025 to pay the put price (estimated to equal $1,480,190.00) to the historic tax credit investor).
   
(28) With respect to Mortgage Loan No. 15, Staten Island Mall, the borrower may cure a cash management period by (a) partially prepaying the Mortgage Loan (including the applicable yield maintenance premium) in an amount that would cause the debt yield to be at least 11.0% or (b) posting cash or a letter of credit which if applied to the balance would cause the debt yield to be at least 11.0%. The borrower may cure a cash sweep period by (a) partially prepaying the loan (including the applicable yield maintenance premium) in an amount that would cause the debt yield to be at least 10.5% or (b) posting cash or a letter of credit which if applied to the balance would cause the debt yield to be at least 10.5%.
   
A. "Yield Maintenance Premium" means an amount equal to the greater of: (i)(A) if no event of default is outstanding as of the date and time of prepayment, one percent (1%) of the principal amount of the Loan being prepaid or (B) if an Event of Default is outstanding as of the date and time of prepayment, four percent (4%) of the principal amount of the Loan being prepaid and (ii) the excess, if any, of (A) the present value (determined using a discount rate equal to the  Treasury Note Rate at such time) of all payments of principal and interest payable in respect of the principal amount of the Loan being prepaid (including the payment of principal and interest due on the Maturity Date in respect of the amount of the Loan being prepaid); provided that the Note be deemed, for purposes of this definition, to be due and payable on the Open Prepayment Date, over (B) the principal amount of the Loan being prepaid. As used in this definition, the term "Treasury Note Rate" means, at the time of the prepayment, as applicable, the rate of interest per annum equal to the yield to maturity (converted by Lender to the equivalent monthly yield using Lender’s then system of conversion) of the United States Treasury obligations selected by the holder of the Note having maturity dates closest to, but not exceeding, the remaining term to the Open Prepayment Date. As used in this definition, the term "Open Prepayment Date" means August 11, 2028.
   
B. “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) (a) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required from and after January 1, 2029 (the “Open Period Start Date”) (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period

 

 A-1-23 

 

  Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (b) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” means (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth (5th) Business Day preceding the prepayment date, divided by (z) twelve (12). Lender’s calculation of Yield Maintenance, and all component calculations, be conclusive and binding on Borrower absent manifest error.
   
C. "Yield Maintenance Premium" means an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the Loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the Loan is paid on the Permitted Par Prepayment Date (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date in the event such payment is not made on a Payment Date), over (ii) the principal amount being prepaid. As used in this definition, the term "Prepayment Rate Determination Date" means the date that is five business days prior to the date that such prepayment will be applied. As used in this definition, the term "Permitted Par Prepayment Date" means November 2, 2028. As used in this definition, the term "Prepayment Rate" means the bond equivalent yield (in the secondary market) on  the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Permitted Par Prepayment Date as most recently published in "Statistical Release H.15 (519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. 
   
D. “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
E. “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
F. "Yield Maintenance Premium" means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term "Prepayment Date" means the date on which prepayment is made. As used in this definition, the term "Calculated Payments" means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term "Discount Rate" means the rate which, when compounded monthly, is equivalent to the Yield Maintenance

 

 A-1-24 

 

  Treasury Rate, when compounded semi-annually. As used in this definition, the term "Yield Maintenance Treasury Rate" means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Permitted Prepayment Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
G. “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
H. “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” means, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance will be conclusive and binding absent manifest error.
   
I. “Yield Maintenance Premium” means, with respect to any Note or Note Component, an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which (x) the sum of the present values as of the prepayment date of all unpaid principal and interest payments on such Note or Note Component required hereunder to the Open Prepayment Date (including the balloon payment assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date (assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), from the Open Prepayment Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds (y) the outstanding principal balance of such Note or Note Component as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of such Note or Note Component as of the prepayment date. As used in this definition, the term “Periodic Treasury Yield” means the arithmetic mean of the rates published as “Treasury Constant Maturities” as of 5:00 p.m., New York time, for the date on which a prepayment subject to Yield Maintenance Premium is made, as shown on the USD screen of Reuters (or such other page as may replace that page on that service, or such other page or replacement therefor on any successor service), or if such service is not available, the Bloomberg Service (or any successor service), or if neither Reuters nor the Bloomberg Service is available, under Section 504 in the weekly statistical release designated H.15(519) (or any successor publication) published by the Board of Governors of the Federal Reserve System, for “On the Run” U.S. Treasury obligations corresponding to the Open Prepayment Date. If no such maturity exactly corresponds, yields for the two most closely corresponding published maturities will be calculated pursuant to the foregoing sentence and the Periodic Treasury Yield will be interpolated or extrapolated (as applicable) from such yields on a straight-line basis (rounding, in the case of relevant periods, to the nearest month). As used in this definition, the term "Open Prepayment Date" means June 6, 2028. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, will be conclusive and binding on Borrower absent manifest error.

 

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