FWP 1 n435_appix3.htm FREE WRITING PROSPECTUS Unassociated Document
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-180779-14
     
 
 
     
 
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-180779) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com.
 
This material was prepared by sales, trading, banking or other non-research personnel of one of the following: Morgan Stanley & Co. LLC, Morgan Stanley & Co. International Limited, Morgan Stanley Japan Limited and/or Morgan Stanley Dean Witter Asia Limited (together with their affiliates, hereinafter “Morgan Stanley”), Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofA Merrill Lynch”), CIBC World Markets Corp. (“CIBCWM”), Drexel Hamilton, LLC (“Drexel”) and/or Citigroup Global Markets Inc. (“Citigroup” and, together with Morgan Stanley, BofA Merrill Lynch, and CIBCWM and Drexel, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms.
 
This material may have been prepared by or in conjunction with the respective trading desks of the Underwriters that may deal as principal in or own or act as market maker or liquidity provider for the securities/instruments (or related derivatives) mentioned herein. The trading desk may have accumulated a position in the subject securities/instruments based on the information contained herein. Trading desk materials are not independent of the proprietary interests of the Underwriters, which may conflict with your interests. Each of the Underwriters may also perform or seek to perform investment banking services for the issuers of the securities and instruments mentioned herein.
 
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The asset-backed securities referred to in these materials are being offered when, as and if issued. In particular, you are advised that asset-backed securities, and the asset pools backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any Underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery.
 
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APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
           
                                             
                                             
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Mortgage
Loan
Originator(1)
 
Mortgage
Loan Seller(1)
 
Original
Balance
 
Cut-off Date
Balance
 
Maturity/ARD
Balance
 
Cut-off Date
Balance per SF/
Units/Rooms/Pads
 
Loan Purpose
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
BANA
 
BANA
 
$62,500,000
 
$62,500,000
 
$62,500,000
 
$218.26
 
Refinance
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
MSMCH
 
MSMCH
 
$60,000,000
 
$60,000,000
 
$60,000,000
 
$217.28
 
Acquisition
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
BANA
 
BANA
 
$60,000,000
 
$60,000,000
 
$54,720,414
 
$132.01
 
Refinance
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
BANA
 
BANA
 
$54,900,000
 
$54,900,000
 
$44,413,142
 
$82,930.51
 
Refinance
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
BANA
 
BANA
 
$28,050,000
 
$28,050,000
 
$22,691,961
       
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
BANA
 
BANA
 
$17,250,000
 
$17,250,000
 
$13,954,948
       
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
BANA
 
BANA
 
$9,600,000
 
$9,600,000
 
$7,766,233
       
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
MSMCH
 
MSMCH
 
$49,000,000
 
$49,000,000
 
$49,000,000
 
$210.00
 
Refinance
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
MSMCH
 
MSMCH
 
$44,000,000
 
$44,000,000
 
$40,733,480
 
$79,710.14
 
Acquisition
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
MSMCH
 
MSMCH
 
$38,200,000
 
$38,200,000
 
$38,200,000
 
$177.20
 
Refinance
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
MSMCH
 
MSMCH
 
$31,000,000
 
$30,923,505
 
$609,340
 
$5,185.90
 
Refinance
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
MSMCH
 
MSMCH
 
$4,429,307
 
$4,418,377
 
$87,063
       
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
MSMCH
 
MSMCH
 
$4,017,279
 
$4,007,366
 
$78,964
       
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
MSMCH
 
MSMCH
 
$3,553,746
 
$3,544,977
 
$69,853
       
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
MSMCH
 
MSMCH
 
$3,347,732
 
$3,339,471
 
$65,803
       
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
MSMCH
 
MSMCH
 
$3,136,568
 
$3,128,828
 
$61,653
       
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
MSMCH
 
MSMCH
 
$2,768,317
 
$2,761,486
 
$54,414
       
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
MSMCH
 
MSMCH
 
$2,407,792
 
$2,401,851
 
$47,328
       
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
MSMCH
 
MSMCH
 
$2,060,143
 
$2,055,059
 
$40,494
       
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
MSMCH
 
MSMCH
 
$1,905,632
 
$1,900,930
 
$37,457
       
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
MSMCH
 
MSMCH
 
$1,751,121
 
$1,746,800
 
$34,420
       
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
MSMCH
 
MSMCH
 
$1,622,363
 
$1,618,360
 
$31,889
       
Loan
     
9
 
Briarwood Office
 
2.9%
 
MSMCH
 
MSMCH
 
$25,000,000
 
$25,000,000
 
$25,000,000
 
$120.58
 
Acquisition
Loan
 
12
 
10
 
International Park
 
2.7%
 
SMC
 
SMF III
 
$23,950,000
 
$23,950,000
 
$21,940,799
 
$113.43
 
Acquisition
Loan
     
11
 
Headquarters Village
 
2.2%
 
MSMCH
 
MSMCH
 
$19,000,000
 
$19,000,000
 
$17,320,180
 
$213.20
 
Refinance
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
CIBC
 
CIBC
 
$18,975,000
 
$18,975,000
 
$16,926,046
 
$106.06
 
Refinance
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
CIBC
 
CIBC
 
$16,500,000
 
$16,500,000
 
$14,044,006
 
$73.81
 
Acquisition
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
CIBC
 
CIBC
 
$6,531,030
 
$6,531,030
 
$5,558,899
       
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
CIBC
 
CIBC
 
$3,151,900
 
$3,151,900
 
$2,682,746
       
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
CIBC
 
CIBC
 
$2,345,770
 
$2,345,770
 
$1,996,607
       
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
CIBC
 
CIBC
 
$1,766,530
 
$1,766,530
 
$1,503,585
       
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
CIBC
 
CIBC
 
$1,649,250
 
$1,649,250
 
$1,403,762
       
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
CIBC
 
CIBC
 
$1,055,520
 
$1,055,520
 
$898,408
       
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
SMC
 
SMF III
 
$15,500,000
 
$15,500,000
 
$13,175,025
 
$90.83
 
Refinance
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
SMC
 
SMF III
 
$14,795,000
 
$14,795,000
 
$13,519,268
 
$80.85
 
Acquisition
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
SMC
 
SMF III
 
$6,390,000
 
$6,390,000
 
$5,839,008
       
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
SMC
 
SMF III
 
$5,125,000
 
$5,125,000
 
$4,683,086
       
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
SMC
 
SMF III
 
$3,280,000
 
$3,280,000
 
$2,997,175
       
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
SMC
 
SMF III
 
$13,800,000
 
$13,800,000
 
$11,183,008
 
$96,503.50
 
Refinance
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
MSMCH
 
MSMCH
 
$13,500,000
 
$13,500,000
 
$11,698,745
 
$707.84
 
Refinance
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
MSMCH
 
MSMCH
 
$11,650,000
 
$11,635,802
 
$9,409,113
 
$122,482.13
 
Refinance
Loan
     
19
 
Commerce Green One
 
1.3%
 
BANA
 
BANA
 
$11,360,000
 
$11,360,000
 
$9,890,180
 
$103.21
 
Acquisition
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
SMC
 
SMF III
 
$10,600,000
 
$10,600,000
 
$9,686,774
 
$154.87
 
Acquisition
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
MSMCH
 
MSMCH
 
$10,550,000
 
$10,550,000
 
$8,076,904
 
$31,398.81
 
Refinance
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
BANA
 
BANA
 
$10,000,000
 
$9,987,813
 
$8,076,493
 
$52,567.44
 
Refinance
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
MSMCH
 
MSMCH
 
$10,000,000
 
$9,983,690
 
$7,415,697
 
$149.77
 
Refinance
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
BANA
 
BANA
 
$9,825,000
 
$9,825,000
 
$8,951,235
 
$128.48
 
Acquisition
Loan
     
25
 
River Bend Station
 
1.1%
 
CIBC
 
CIBC
 
$9,187,500
 
$9,187,500
 
$8,217,496
 
$69.41
 
Refinance
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
MSMCH
 
MSMCH
 
$9,100,000
 
$9,100,000
 
$7,989,735
 
$64.20
 
Acquisition
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
SMC
 
SMF III
 
$9,000,000
 
$9,000,000
 
$8,012,910
 
$95.35
 
Acquisition
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
MSMCH
 
MSMCH
 
$9,030,000
 
$8,984,766
 
$5,576,497
 
$78.01
 
Acquisition
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
MSMCH
 
MSMCH
 
$896,967
 
$892,474
 
$553,924
       
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
MSMCH
 
MSMCH
 
$853,727
 
$849,450
 
$527,221
       
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
MSMCH
 
MSMCH
 
$835,627
 
$831,441
 
$516,043
       
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
MSMCH
 
MSMCH
 
$769,259
 
$765,406
 
$475,058
       
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
MSMCH
 
MSMCH
 
$707,920
 
$704,374
 
$437,178
       
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
MSMCH
 
MSMCH
 
$689,820
 
$686,364
 
$426,000
       
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
MSMCH
 
MSMCH
 
$677,753
 
$674,358
 
$418,548
       
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
MSMCH
 
MSMCH
 
$652,614
 
$649,345
 
$403,023
       
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
MSMCH
 
MSMCH
 
$646,580
 
$643,341
 
$399,297
       
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
MSMCH
 
MSMCH
 
$640,547
 
$637,338
 
$395,571
       
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
MSMCH
 
MSMCH
 
$603,340
 
$600,318
 
$372,594
       
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
MSMCH
 
MSMCH
 
$598,313
 
$595,316
 
$369,490
       
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
MSMCH
 
MSMCH
 
$457,533
 
$455,241
 
$282,551
       
Loan
     
29
 
Dolfield A - D
 
1.0%
 
MSMCH
 
MSMCH
 
$9,100,000
 
$8,900,231
 
$7,127,427
 
$78.09
 
Refinance
Loan
     
30
 
Liberty Maynard
 
0.9%
 
CIBC
 
CIBC
 
$8,250,000
 
$8,250,000
 
$6,053,769
 
$174.26
 
Refinance
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
BANA
 
BANA
 
$8,250,000
 
$8,250,000
 
$6,595,654
 
$40,243.90
 
Refinance
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
BANA
 
BANA
 
$5,380,752
 
$5,380,752
 
$4,301,767
       
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
BANA
 
BANA
 
$2,869,248
 
$2,869,248
 
$2,293,886
       
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
MSMCH
 
MSMCH
 
$8,200,000
 
$8,200,000
 
$6,979,445
 
$167.67
 
Refinance
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
MSMCH
 
MSMCH
 
$8,200,000
 
$8,189,659
 
$6,587,250
 
$149.45
 
Refinance
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
BANA
 
BANA
 
$8,000,000
 
$8,000,000
 
$5,747,117
 
$27.98
 
Refinance
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
SMC
 
SMF III
 
$7,900,000
 
$7,890,340
 
$6,377,136
 
$119.94
 
Refinance
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
SMC
 
SMF III
 
$5,270,017
 
$5,263,573
 
$4,254,129
       
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
SMC
 
SMF III
 
$2,629,983
 
$2,626,767
 
$2,123,008
       
Loan
     
36
 
Neptune Plaza
 
0.9%
 
CIBC
 
CIBC
 
$7,800,000
 
$7,800,000
 
$6,442,914
 
$176.90
 
Refinance
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
MSMCH
 
MSMCH
 
$7,600,000
 
$7,600,000
 
$5,935,594
 
$48,717.95
 
Refinance
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
MSMCH
 
MSMCH
 
$7,500,000
 
$7,500,000
 
$6,840,752
 
$37,500.00
 
Acquisition
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
CIBC
 
CIBC
 
$7,312,500
 
$7,312,500
 
$5,911,638
 
$226.25
 
Acquisition
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
SMC
 
SMF III
 
$7,000,000
 
$7,000,000
 
$5,635,260
 
$73,684.21
 
Refinance
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
MSMCH
 
MSMCH
 
$6,700,000
 
$6,700,000
 
$6,700,000
 
$441.52
 
Refinance
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
SMC
 
SMF III
 
$6,500,000
 
$6,500,000
 
$5,538,699
 
$30.39
 
Refinance
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
SMC
 
SMF III
 
$4,721,053
 
$4,721,053
 
$4,022,845
       
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
SMC
 
SMF III
 
$1,778,947
 
$1,778,947
 
$1,515,855
       
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
MSMCH
 
MSMCH
 
$6,130,000
 
$6,130,000
 
$6,130,000
 
$384.81
 
Acquisition
 
 
I-1

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
           
                                             
                                             
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Mortgage
Loan
Originator(1)
 
Mortgage
Loan Seller(1)
 
Original
Balance
 
Cut-off Date
Balance
 
Maturity/ARD
Balance
 
Cut-off Date
Balance per SF/
Units/Rooms/Pads
 
Loan Purpose
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
MSMCH
 
MSMCH
 
$6,112,500
 
$6,105,125
 
$4,944,381
 
$29,211.12
 
Acquisition
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
MSMCH
 
MSMCH
 
$4,297,500
 
$4,292,315
 
$3,476,234
       
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
MSMCH
 
MSMCH
 
$1,815,000
 
$1,812,810
 
$1,468,148
       
Loan
     
45
 
Village at Old Trace
 
0.7%
 
MSMCH
 
MSMCH
 
$6,110,000
 
$6,102,500
 
$4,929,217
 
$148.90
 
Acquisition
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
SMC
 
SMF III
 
$5,850,000
 
$5,850,000
 
$4,854,637
 
$137.27
 
Refinance
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
BANA
 
BANA
 
$5,500,000
 
$5,500,000
 
$4,823,287
 
$260.45
 
Refinance
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
BANA
 
BANA
 
$5,325,000
 
$5,325,000
 
$4,759,554
 
$44,008.26
 
Acquisition
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
SMC
 
SMF III
 
$5,300,000
 
$5,293,683
 
$4,295,208
 
$60.30
 
Refinance
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
BANA
 
BANA
 
$5,250,000
 
$5,250,000
 
$4,692,518
 
$54,687.50
 
Acquisition
Loan
     
51
 
Riverview Commons
 
0.6%
 
CIBC
 
CIBC
 
$5,100,000
 
$5,100,000
 
$4,097,416
 
$89,473.68
 
Refinance
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
BANA
 
BANA
 
$4,900,000
 
$4,900,000
 
$3,560,093
 
$74.97
 
Acquisition
Loan
     
53
 
Empire Hu
 
0.5%
 
SMC
 
SMF III
 
$4,610,000
 
$4,610,000
 
$3,929,272
 
$116.73
 
Refinance
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
BANA
 
BANA
 
$4,376,250
 
$4,376,250
 
$3,824,754
 
$30.44
 
Acquisition
Loan
     
55
 
Stone Oak Square
 
0.4%
 
MSMCH
 
MSMCH
 
$3,800,000
 
$3,800,000
 
$3,340,142
 
$236.14
 
Acquisition
Loan
     
56
 
Shops at Town Center
 
0.3%
 
BANA
 
BANA
 
$3,005,000
 
$3,001,955
 
$2,491,935
 
$208.85
 
Refinance
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
BANA
 
BANA
 
$3,000,000
 
$3,000,000
 
$2,540,163
 
$14,423.08
 
Refinance
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
BANA
 
BANA
 
$2,920,000
 
$2,920,000
 
$2,658,996
 
$197.03
 
Refinance
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
BANA
 
BANA
 
$2,900,000
 
$2,900,000
 
$2,592,057
 
$53,703.70
 
Acquisition
Loan
     
60
 
Broadway Corners
 
0.3%
 
MSMCH
 
MSMCH
 
$2,900,000
 
$2,897,026
 
$2,032,918
 
$211.17
 
Acquisition
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
MSMCH
 
MSMCH
 
$2,775,000
 
$2,775,000
 
$2,543,838
 
$194.61
 
Refinance
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
SMC
 
SMF III
 
$2,325,000
 
$2,322,245
 
$1,885,884
 
$30,555.86
 
Refinance
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
BANA
 
BANA
 
$2,190,000
 
$2,190,000
 
$1,994,247
 
$150.52
 
Refinance
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
MSMCH
 
MSMCH
 
$2,050,000
 
$2,050,000
 
$1,657,848
 
$149.64
 
Refinance
 
 
I-2

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
           
                         
                         
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Sponsor
 
Non-Recourse Carveout Guarantor
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
Westfield America, Inc.
 
Westfield America, Inc.
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
Rockrose Development Corp.
 
Rockrose General Equities Holdings L.L.C.
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
Spectrum Office Properties LLC
 
Spectrum Office Properties LLC
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
Ashford Hospitality Limited Partnership
 
Ashford Hospitality Limited Partnership
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
           
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
           
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
           
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
Eric Sheppard; Leon Wildstein
 
Eric Sheppard; Leon Wildstein
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
M. Scott Copeland; Todd A. Copeland
 
M. Scott Copeland; Todd A. Copeland
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
Harris Toibb
 
Harris Toibb
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
SAC Holding Corporation; Blackwater Investments, Inc.
 
SAC Holding Corporation; Blackwater Investments, Inc.
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
           
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
           
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
           
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
           
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
           
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
           
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
           
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
           
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
           
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
           
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
           
Loan
     
9
 
Briarwood Office
 
2.9%
 
Menashe Frankel; Yeheskel Frankel
 
Menashe Frankel; Yeheskel Frankel
Loan
 
12
 
10
 
International Park
 
2.7%
 
David Garfinkle; Craig Sternberg; Ben Colonomos; David Lewin; Arnaud Sitbon
 
David Garfinkle; Craig Sternberg; Ben Colonomos; David Lewin; Arnaud Sitbon
Loan
     
11
 
Headquarters Village
 
2.2%
 
Whitestone REIT
 
Whitestone REIT Operating Partnership, L.P.
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
Anthony Comparato
 
Anthony Comparato
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
Scott Whitworth; George Mathes; John Mathes; Fountain Capital LLC; Stephen Swann
 
Scott Whitworth; George Mathes; John Mathes; Fountain Capital LLC
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
           
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
           
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
           
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
           
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
           
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
           
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
Landwin Partners Fund I, LLC
 
Landwin Partners Fund I, LLC
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
Simply Self Storage
 
Kurt E. O’Brien
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
           
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
           
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
           
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
Group 10 Management Company
 
Majid Koza
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
Shorenstein Company LLC
 
Shorenstein Company LLC
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
Thomas E. Bonney; Gilbert Gabriel
 
Thomas E. Bonney; Gilbert Gabriel
Loan
     
19
 
Commerce Green One
 
1.3%
 
Albert Chao
 
Gulf United Investments Corporation
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
Joaquin Charles de Monet
 
Joaquin Charles de Monet
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
Nicholas Pannunzio
 
Nicholas Pannunzio
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
Drexel, Inc.
 
Drexel, Inc.
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
Charles T. Hodges
 
Charles T. Hodges
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
JBG Investment Fund IX, L.L.C.
 
JBG Investment Fund IX, L.L.C.
Loan
     
25
 
River Bend Station
 
1.1%
 
Jacob S. Polatsek
 
Jacob S. Polatsek
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
Steven M. Firtel; Bradley H. Mindlin
 
Steven M. Firtel; Bradley H. Mindlin
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
Joaquin Charles de Monet
 
Joaquin Charles de Monet
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
Robert C. Fanning; Janus L. Fanning
 
Robert C. Fanning; Janus L. Fanning
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
           
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
           
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
           
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
           
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
           
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
           
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
           
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
           
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
           
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
           
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
           
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
           
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
           
Loan
     
29
 
Dolfield A - D
 
1.0%
 
Edward St. John, LLC
 
Edward St. John, LLC
Loan
     
30
 
Liberty Maynard
 
0.9%
 
Patricia M. Fix
 
Hanson Investment, LLC
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
Great Rock, LLC; Palace Communities, LC
 
Great Rock, LLC; Palace Communities, LC
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
           
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
           
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
Rickie Paley
 
Rickie Paley; Rickie Paley Revocable Trust u/a/d January 18, 2000
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
William M. Andersen
 
William M. Andersen
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
The Benenson Capital Company LLC
 
The Benenson Capital Company LLC
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
Frank Simon
 
Frank Simon
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
           
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
           
Loan
     
36
 
Neptune Plaza
 
0.9%
 
Richard H. Sauer; Elizabeth J. Sauer; Stephanie Sauer Pasternak; Jennifer Sauer
 
Richard H. Sauer; Elizabeth J. Sauer; Stephanie Sauer Pasternak; Jennifer Sauer
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
Nicholas Economos, Jr.
 
Nicholas Economos, Jr.
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
Regional Investment & Management
 
Roosevelt Miller
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
Kimberly Sorrentino
 
Kimberly Sorrentino
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
Anant Patel
 
Anant Patel
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
Balour Associates
 
Omid Bolour
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
American Synergy Management
 
William Ziegler; John Walsh
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
           
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
           
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
Kim Lawrence Boliba
 
Kim Lawrence Boliba
 
 
I-3

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
           
                         
                         
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Sponsor
 
Non-Recourse Carveout Guarantor
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
Herbert Klein; Martin Geller; Eric Richelson
 
Herbert Klein; Martin Geller; Eric Richelson
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
           
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
           
Loan
     
45
 
Village at Old Trace
 
0.7%
 
Charles X. Lin
 
Charles X. Lin
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
Paul S. Rudder
 
Paul S. Rudder
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
Newlin Hastings; Bryan Beckham; Turko Semmes, III
 
Newlin Hastings; Bryan Beckham; Turko Semmes, III
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
Thomas E. Roberts; Michael J. Roberts
 
Thomas E. Roberts; Michael J. Roberts
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
Kevin Spizizen; Neil Spizizen
 
Kevin Spizizen; Neil Spizizen
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
Thomas E. Roberts; Michael J. Roberts
 
Thomas E. Roberts; Michael J. Roberts
Loan
     
51
 
Riverview Commons
 
0.6%
 
Vladimir Shneyder
 
Vladimir Shneyder
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
Helmut Jung
 
Helmut Jung
Loan
     
53
 
Empire Hu
 
0.5%
 
Gregory P. Hatem; Williams G. Ransdell, III
 
Gregory P. Hatem; Williams G. Ransdell, III
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
Lakshmi K. Desai
 
Lakshmi K. Desai
Loan
     
55
 
Stone Oak Square
 
0.4%
 
Wenhao Deng
 
Wenhao Deng
Loan
     
56
 
Shops at Town Center
 
0.3%
 
Ronald Doumani
 
Ronald Doumani
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
Robert Hassell Turner
 
Robert Hassell Turner
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
Patricia H. Ketchum, Trustee, UTA of Patricia H. Ketchum Trust Dated April 17, 1995
 
Patricia H. Ketchum, Trustee, UTA of Patricia H. Ketchum Trust Dated April 17, 1995
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
Thomas E. Roberts; Michael J. Roberts
 
Thomas E. Roberts; Michael J. Roberts
Loan
     
60
 
Broadway Corners
 
0.3%
 
Randolph John Hopkins
 
Randolph John Hopkins
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
Thomas Notey and Janet Cole Notey Revocable Trust
 
Thomas Notey; Janet Notey
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
Peter Wells; Simon Fuchs
 
Peter Wells; Simon Fuchs
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
Patricia H. Ketchum, Trustee, UTA of Patricia H. Ketchum Trust Dated April 17, 1995
 
Patricia H. Ketchum, Trustee, UTA of Patricia H. Ketchum Trust Dated April 17, 1995
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
Canyon Partners Realty
 
Michael L. Barnett
 
 
I-4

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                   
                                                           
                     
MORTGAGED PROPERTY CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
   
No. of
Properties
 
General Property Type
 
Detailed Property Type
 
Title Type
 
Ground Lease
Initial Lease
Expiration Date
 
Address
 
City
 
County
 
State
 
Zip Code
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
   
1
 
Retail
 
Super Regional Mall
 
Fee
 
N/A
 
72810 & 72840 Highway 111 and 44430 & 44480 Town Center Way
 
Palm Desert
 
Riverside
 
CA
 
92260
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
   
1
 
Office
 
CBD
 
Fee
 
N/A
 
555 11th Street NW
 
Washington
 
District of Columbia  
DC
 
20004
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
32-49 Discovery, 6501-6591 Irvine Center Drive and 15201-15480 Laguna Canyon Road
 
Irvine
 
Orange
 
CA
 
92618
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
   
3
                                   
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
           
Hospitality
 
Full Service
 
Fee
 
N/A
 
11000 Westwood Boulevard
 
Orlando
 
Orange
 
FL
 
32821
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
           
Hospitality
 
Extended Stay
 
Fee
 
N/A
 
6425 South 3000 East
 
Salt Lake City
 
Salt Lake
 
UT
 
84121
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
           
Hospitality
 
Limited Service
 
Fee
 
N/A
 
11001 Woodson Avenue
 
Overland Park
 
Johnson
 
KS
 
66211
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
9201 West Flagler Street
 
Miami
 
Miami-Dade
 
FL
 
33174
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
3110 Hidden Pond Drive
 
Raleigh
 
Wake
 
NC
 
27613
Loan
     
7
 
Lakewood Marketplace
 
4.4%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
SEC/SWC/NWC/NEC Woodruff Avenue & South Street
 
Lakewood
 
Los Angeles
 
CA
 
90713
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
   
11
                                   
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
125 Newell Avenue
 
Pawtucket
 
Providence
 
RI
 
02860
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
5336 Rte 9 W
 
Newburgh
 
Orange
 
NY
 
12550
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
4549 Meridian Street
 
Bellingham
 
Whatcom
 
WA
 
98226
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
1453 Interstate Loop
 
Bismarck
 
Burleigh
 
ND
 
58503
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
11401 W Hillsborough Avenue
 
Tampa
 
Hillsborough
 
FL
 
33635
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
2413 Nazareth Road
 
Easton
 
Northampton
 
PA
 
18045
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
7440 Mexico Road
 
Saint Peters
 
St. Charles
 
MO
 
63376
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
5505 Commercial Avenue
 
Raleigh
 
Wake
 
NC
 
27612
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
1175 E. 32nd Street
 
Yuma
 
Yuma
 
AZ
 
85365
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
40 Simmons Lane
 
Albany
 
Albany
 
NY
 
12204
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
125 West Hampton Avenue
 
Mesa
 
Maricopa
 
AZ
 
85210
Loan
     
9
 
Briarwood Office
 
2.9%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
10731 & 10771 East Easter Avenue; 10730 & 10770 East Briarwood Avenue
 
Centennial
 
Arapahoe
 
CO
 
80112
Loan
 
12
 
10
 
International Park
 
2.7%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
1800 & 1900 International Park Drive
 
Hoover
 
Jefferson
 
AL
 
35243
Loan
     
11
 
Headquarters Village
 
2.2%
   
1
 
Mixed Use
 
Retail/Office
 
Fee
 
N/A
 
8200 Preston Road
 
Plano
 
Collin
 
TX
 
75024
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
1510-1590 Ridge Road West
 
Greece
 
Monroe
 
NY
 
14615
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
   
6
                                   
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
           
Retail
 
Shadow Anchored
 
Fee
 
N/A
 
2000 Southeast Loop 410
 
San Antonio
 
Bexar
 
TX
 
78220
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
           
Retail
 
Anchored
 
Fee
 
N/A
 
4140 Veterans Memorial Drive
 
Batavia
 
Genesee
 
NY
 
14020
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
           
Retail
 
Shadow Anchored
 
Fee
 
N/A
 
319 State Highway 36
 
Gatesville
 
Coryell
 
TX
 
76528
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
           
Retail
 
Shadow Anchored
 
Fee
 
N/A
 
2881 & 2891 Matlock Road
 
Mansfield
 
Tarrant
 
TX
 
76063
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
           
Retail
 
Anchored
 
Fee
 
N/A
 
1601-1623 East Jackson Street
 
Hugo
 
Choctaw
 
OK
 
74743
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
           
Retail
 
Shadow Anchored
 
Fee
 
N/A
 
110 North Highway 175
 
Seagoville
 
Dallas
 
TX
 
75159
Loan
     
14
 
Verizon Wireless Building
 
1.8%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
6955 West Morelos Place
 
Chandler
 
Maricopa
 
AZ
 
85226
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
   
3
                                   
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
33 Village Common Drive
 
Falmouth
 
Barnstable
 
MA
 
02536
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
75 Browns Lane
 
Middletown
 
Newport
 
RI
 
02842
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
           
Self Storage
 
Self Storage
 
Fee
 
N/A
 
16 Lambreth Park Road
 
Fairhaven
 
Bristol
 
MA
 
02719
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
   
1
 
Hospitality
 
Full Service
 
Fee
 
N/A
 
8400 Merriman Road
 
Romulus
 
Wayne
 
MI
 
48174
Loan
     
17
 
Talbots Flagship Store
 
1.5%
   
1
 
Retail
 
Free-Standing
 
Fee
 
N/A
 
1201 South Main Street
 
Walnut Creek
 
Contra Costa
 
CA
 
94596
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
   
1
 
Hospitality
 
Limited Service
 
Fee
 
N/A
 
2500 University Town Centre Drive
 
Morgantown
 
Monongalia
 
WV
 
26501
Loan
     
19
 
Commerce Green One
 
1.3%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
14090 Southwest Freeway
 
Sugar Land
 
Fort Bend
 
TX
 
77478
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
500 North Juniper Drive
 
Chandler
 
Maricopa
 
AZ
 
85226
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
   
1
 
Multifamily
 
Student Housing
 
Fee
 
N/A
 
1215-1359 Gray Wolf Circle
 
Pueblo
 
Pueblo
 
CO
 
81001
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
7236 Greenhaven Drive
 
Sacramento
 
Sacramento
 
CA
 
95831
Loan
     
23
 
Peak 10 Office Building
 
1.1%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
8910 Lenox Pointe Drive
 
Charlotte
 
Mecklenburg
 
NC
 
28273
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
6655 Crain Highway
 
La Plata
 
Charles
 
MD
 
20646
Loan
     
25
 
River Bend Station
 
1.1%
   
1
 
Mixed Use
 
Industrial/Retail
 
Fee
 
N/A
 
11133 Interstate 45 South
 
Conroe
 
Montgomery
 
TX
 
77302
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
   
1
 
Mixed Use
 
Industrial/Retail
 
Fee
 
N/A
 
993 West Valley Boulevard
 
Rialto
 
San Bernardino
 
CA
 
92376
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
6025 South Quebec Street
 
Centennial
 
Arapahoe
 
CO
 
80111
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
   
13
                                   
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
8020 Highway 178
 
Byhalia
 
Marshall
 
MS
 
38611
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
1840 S Whitehead Drive
 
DeWitt
 
Arkansas
 
AR
 
72042
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
7221 Woodland Dr.
 
Indianapolis
 
Marion
 
IN
 
46278
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
4009 North High School Rd.
 
Indianapolis
 
Marion
 
IN
 
46254
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
3732 West 86th St.
 
Indianapolis
 
Marion
 
IN
 
46268
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
284 Highway 72
 
Burnsville
 
Tishomingo
 
MS
 
38833
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
9209 Sulphur Springs Rd.
 
Pine Bluff
 
Jefferson
 
AR
 
71603
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
14019 Dollarway RD
 
White Hall
 
Jefferson
 
AR
 
71602
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
1038 Highway 7 South
 
Abbeville
 
Lafayette
 
MS
 
38601
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
1001 South Rangeline Rd
 
Carmel
 
Hamilton
 
IN
 
46032
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
4401 E. 62 St.
 
Indianapolis
 
Marion
 
IN
 
46220
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
20790 Highway 15N
 
Falkner
 
Tippah
 
MS
 
38629
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
           
Retail
 
Free-Standing
 
Fee
 
N/A
 
6901 E. 75 St.
 
Indianapolis
 
Marion
 
IN
 
46250
Loan
     
29
 
Dolfield A - D
 
1.0%
   
1
 
Industrial
 
Flex
 
Leasehold
 
11/30/2196
 
1,3,5 & 7 Easter Court
 
Owings Mills
 
Baltimore
 
MD
 
21117
Loan
     
30
 
Liberty Maynard
 
0.9%
   
1
 
Mixed Use
 
Retail/Office
 
Leasehold
 
7/31/2026
 
600-616 East Liberty Street, 305-307 Maynard
 
Ann Arbor
 
Washtenaw
 
MI
 
48104
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
   
2
                                   
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
           
Manufactured Housing
 
Manufactured Housing
 
Fee
 
N/A
 
900 Orems Road
 
Essex
 
Baltimore
 
MD
 
21221
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
           
Manufactured Housing
 
Manufactured Housing
 
Fee
 
N/A
 
400 Abingin Road
 
Abingdon
 
Harford
 
MD
 
21009
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
   
1
 
Mixed Use
 
Office/Retail
 
Fee
 
N/A
 
1523 & 1535 Elizabeth Avenue
 
Charlotte
 
Mecklenburg
 
NC
 
28204
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
   
1
 
Leased Fee
 
Retail
 
Fee
 
N/A
 
300 E. Baltimore Pike
 
Lansdowne
 
Delaware
 
PA
 
19050
Loan
     
34
 
780 East 132nd Street
 
0.9%
   
1
 
Industrial
 
Warehouse Distribution
 
Fee
 
N/A
 
780 East 132nd Street
 
Bronx
 
Bronx
 
NY
 
10454
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
   
2
                                   
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
           
Office
 
Suburban
 
Fee
 
N/A
 
363 West Big Beaver Road
 
Troy
 
Oakland
 
MI
 
48084
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
           
Office
 
Suburban
 
Fee
 
N/A
 
36880 Woodward Avenue
 
Bloomfield Township
 
Oakland
 
MI
 
48304
Loan
     
36
 
Neptune Plaza
 
0.9%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
332 Route 4 East
 
Paramus
 
Bergen
 
NJ
 
07652
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
   
1
 
Hospitality
 
Select Service
 
Fee
 
N/A
 
180 SW 18th Avenue
 
Dania
 
Broward
 
FL
 
33004
Loan
     
38
 
Bellaire Apartments
 
0.9%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
8237 S. Flores Street
 
San Antonio
 
Bexar
 
TX
 
78221
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
   
1
 
Office
 
Suburban
 
Fee
 
N/A
 
1508-1512 East Broward Blvd
 
Fort Lauderdale
 
Broward
 
FL
 
33301
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
   
1
 
Hospitality
 
Limited Service
 
Fee
 
N/A
 
3443 Retail Place Drive
 
Kalamazoo
 
Kalamazoo
 
MI
 
49048
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
   
1
 
Mixed Use
 
Retail/Office
 
Fee
 
N/A
 
1332 Hermosa Avenue
 
Hermosa Beach
 
Los Angeles
 
CA
 
90254
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
   
2
                                   
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
           
Industrial
 
Flex
 
Fee
 
N/A
 
1105 Colorado Lane
 
Arlington
 
Tarrant
 
TX
 
76015
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
           
Industrial
 
Flex
 
Fee
 
N/A
 
1000 Harrison Avenue
 
Arlington
 
Tarrant
 
TX
 
76015
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
   
1
 
Retail
 
Free-Standing
 
Fee
 
N/A
 
828 Newville Road
 
Orland
 
Glenn
 
CA
 
95963
 
 
I-5

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                     
                                                           
                     
MORTGAGED PROPERTY CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
   
No. of
Properties
 
General Property Type
 
Detailed Property Type
 
Title Type
 
Ground Lease
Initial Lease
Expiration Date
 
Address
 
City
 
County
 
State
 
Zip Code
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
   
2
                                   
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
           
Multifamily
 
Garden
 
Fee
 
N/A
 
8401 Aiken Court
 
Tampa
 
Hillsborough
 
FL
 
33615
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
           
Multifamily
 
Garden
 
Fee
 
N/A
 
5908 Oak River Drive
 
Tampa
 
Hillsborough
 
FL
 
33615
Loan
     
45
 
Village at Old Trace
 
0.7%
   
1
 
Retail
 
Unanchored
 
Fee
 
N/A
 
3405 Dallas Highway SW
 
Marietta
 
Cobb
 
GA
 
30064
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
   
1
 
Mixed Use
 
Retail/Office
 
Fee
 
N/A
 
3343 & 3399 Main Street
 
Mammoth Lakes
 
Mono
 
CA
 
93546
Loan
     
47
 
Templeton Retail Center
 
0.6%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
1111-1131 Rossi Road
 
Templeton
 
San Luis Obispo
CA
 
93465
Loan
     
48
 
Willow Park Apartments
 
0.6%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
1151 Roger Avenue
 
Swansea
 
St. Clair
 
IL
 
62226
Loan
     
49
 
Country Meadows Plaza
 
0.6%
   
1
 
Mixed Use
 
Retail/Office
 
Fee
 
N/A
 
16700-16900 21 Mile Road
 
Macomb
 
Macomb
 
MI
 
48044
Loan
     
50
 
Park Terrace Apartments
 
0.6%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
1 Park Terrace Lane
 
Fairview Heights
 
St. Clair
 
IL
 
62208
Loan
     
51
 
Riverview Commons
 
0.6%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
168-170 North Water Street
 
Rochester
 
Monroe
 
NY
 
14604
Loan
     
52
 
Hillsboro Sun West
 
0.6%
   
1
 
Retail
 
Anchored
 
Fee
 
N/A
 
1280 Southwest Oak Street
 
Hillsboro
 
Hillsboro
 
OR
 
97123
Loan
     
53
 
Empire Hu
 
0.5%
   
1
 
Mixed Use
 
Office/Retail
 
Fee
 
N/A
 
319 & 325 West Martin Street, 18 Commerce Place, and 328 West Davie Street
 
Raleigh
 
Wake
 
NC
 
27601
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
   
1
 
Leased Fee
 
Retail
 
Fee
 
N/A
 
311 Sagamore Parkway
 
Lafayette
 
Tippecanoe
 
IN
 
47904
Loan
     
55
 
Stone Oak Square
 
0.4%
   
1
 
Retail
 
Unanchored
 
Fee
 
N/A
 
19202 Stone Oak Parkway
 
San Antonio
 
Bexar
 
TX
 
78258
Loan
     
56
 
Shops at Town Center
 
0.3%
   
1
 
Retail
 
Unanchored
 
Fee
 
N/A
 
6401, 6441 & 6461 North Durango Drive
 
Las Vegas
 
Clark
 
NV
 
89149
Loan
     
57
 
Madison Park Apartments
 
0.3%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
512 N Martin L King Blvd
 
Lubbock
 
Lubbock
 
TX
 
79403
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
   
1
 
Retail
 
Free-Standing
 
Fee
 
N/A
 
35553 US Highway 19 N
 
Palm Harbor
 
Pinellas
 
FL
 
34684
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
1837 Lebanon Avenue
 
Belleville
 
St. Clair
 
IL
 
62221
Loan
     
60
 
Broadway Corners
 
0.3%
   
1
 
Retail
 
Unanchored
 
Fee
 
N/A
 
5949 Broadway Boulevard
 
Garland
 
Dallas
 
TX
 
75043
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
   
1
 
Retail
 
Free-Standing
 
Fee
 
N/A
 
1710 West Deyoung Street
 
Marion
 
Williamson
 
IL
 
62959
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
   
1
 
Multifamily
 
Garden
 
Fee
 
N/A
 
4075 Monticello Boulevard
 
Cleveland Heights
 
Cuyahoga
 
OH
 
44121
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
   
1
 
Retail
 
Free-Standing
 
Fee
 
N/A
 
401 5th Street West
 
Northfield
 
Rice
 
MN
 
55057
Loan
     
64
 
Sanger Marketplace
 
0.2%
   
1
 
Retail
 
Free-Standing
 
Fee
 
N/A
 
551 Stemmons Freeway
 
Sanger
 
Denton
 
TX
 
76266
 
 
I-6

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                           
                                                                                 
                   
MORTGAGED PROPERTY CHARACTERISTICS
 
MORTGAGE LOAN CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Year Built
 
Year Renovated
 
Size
 
Units of
Measure
 
Occupancy
Rate
 
Occupancy Rate
As-of Date
 
Appraised
Value
 
Appraisal
As-of Date
 
Mortgage
Rate
 
Administrative
Fee Rate(2)
 
Master Servicing
Fee Rate
 
Primary Servicing
Fee Rate
 
Pari Passu
Loan Primary
Servicing
Fee Rate
 
Trustee
Fee Rate
 
Trust Advisor
Fee Rate
 
CREFC
Fee Rate
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
1983
 
2014
 
572,724
 
SF
 
95.9%
 
12/31/2014
 
$212,000,000
 
11/13/2014
 
3.853%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
2001
 
N/A
 
414,204
 
SF
 
85.2%
 
1/16/2015
 
$309,000,000
 
9/5/2014
 
3.166%
 
0.02895%
 
0.00500%
 
0.01750%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
2000-2007
 
N/A
 
1,287,820
 
SF
 
94.8%
 
10/28/2014
 
$358,000,000
 
10/14/2014
 
4.181%
 
0.01510%
 
0.00500%
 
0.00000%
 
0.00500%
 
0.00460%
 
0.00000%
 
0.00050%
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
         
662
 
Rooms
 
76.4%
     
$73,200,000
     
4.450%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
2002
 
2009
 
350
 
Rooms
 
83.6%
 
11/30/2014
 
$37,400,000
 
10/8/2014
                               
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
1999
 
2013
 
144
 
Rooms
 
68.5%
 
11/30/2014
 
$23,000,000
 
10/9/2014
                               
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
2000
 
2013
 
168
 
Rooms
 
68.0%
 
11/30/2014
 
$12,800,000
 
10/13/2014
                               
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
2014
 
N/A
 
233,334
 
SF
 
100.0%
 
1/1/2015
 
$65,800,000
 
1/29/2015
 
4.200%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
1986; 1995
 
2014-2015
 
552
 
Units
 
93.7%
 
12/10/2014
 
$57,900,000
 
11/4/2014
 
4.378%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
1954-1988
 
2003
 
215,574
 
SF
 
88.5%
 
1/1/2015
 
$71,000,000
 
10/21/2014
 
4.000%
 
0.03145%
 
0.00500%
 
0.02000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
         
5,963
 
Units
 
83.1%
     
$60,190,000
     
4.450%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
1965
 
1999
 
1,135
 
Units
 
84.0%
 
10/1/2014
 
$8,600,000
 
10/23/2014
                               
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
1986
 
2012
 
896
 
Units
 
56.3%
 
10/1/2014
 
$7,800,000
 
10/30/2014
                               
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
1998
 
N/A
 
683
 
Units
 
87.3%
 
10/1/2014
 
$6,900,000
 
10/30/2014
                               
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
1996
 
N/A
 
468
 
Units
 
99.6%
 
10/1/2014
 
$6,500,000
 
10/29/2014
                               
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
2000
 
N/A
 
454
 
Units
 
81.7%
 
10/1/2014
 
$6,090,000
 
11/4/2014
                               
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
1975
 
2002
 
387
 
Units
 
89.9%
 
10/1/2014
 
$5,375,000
 
10/30/2014
                               
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
1998
 
N/A
 
410
 
Units
 
95.6%
 
10/1/2014
 
$4,675,000
 
10/28/2014
                               
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
1985
 
N/A
 
317
 
Units
 
92.7%
 
10/1/2014
 
$4,000,000
 
11/4/2014
                               
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
1983
 
N/A
 
409
 
Units
 
90.2%
 
10/1/2014
 
$3,700,000
 
10/24/2014
                               
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
1986
 
N/A
 
421
 
Units
 
82.9%
 
10/1/2014
 
$3,400,000
 
10/30/2014
                               
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
1984
 
N/A
 
383
 
Units
 
81.5%
 
10/1/2014
 
$3,150,000
 
11/3/2014
                               
Loan
     
9
 
Briarwood Office
 
2.9%
 
2000
 
N/A
 
207,332
 
SF
 
91.0%
 
10/13/2014
 
$34,800,000
 
10/17/2014
 
4.423%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
12
 
10
 
International Park
 
2.7%
 
1987; 1999
 
N/A
 
211,142
 
SF
 
93.3%
 
11/1/2014
 
$32,400,000
 
10/1/2014
 
4.450%
 
0.06645%
 
0.00500%
 
0.05500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
11
 
Headquarters Village
 
2.2%
 
2009
 
N/A
 
89,117
 
SF
 
84.2%
 
11/24/2014
 
$26,900,000
 
10/27/2014
 
4.145%
 
0.02645%
 
0.00500%
 
0.01500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
1975
 
2010
 
178,915
 
SF
 
96.7%
 
11/30/2014
 
$25,300,000
 
11/12/2014
 
4.200%
 
0.06145%
 
0.00500%
 
0.05000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
         
223,557
 
SF
 
90.4%
     
$22,510,000
     
4.300%
 
0.04645%
 
0.00500%
 
0.03500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
2002
 
N/A
 
64,200
 
SF
 
85.4%
 
1/9/2015
 
$8,910,000
 
11/22/2014
                               
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
2007
 
N/A
 
35,280
 
SF
 
92.1%
 
1/9/2015
 
$4,300,000
 
11/30/2014
                               
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
2007
 
N/A
 
22,100
 
SF
 
94.1%
 
1/9/2015
 
$3,200,000
 
11/28/2014
                               
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
2004
 
N/A
 
8,487
 
SF
 
70.6%
 
1/9/2015
 
$2,410,000
 
11/28/2014
                               
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
1975
 
N/A
 
86,941
 
SF
 
95.4%
 
1/9/2015
 
$2,250,000
 
11/28/2014
                               
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
2003-2005
 
N/A
 
6,549
 
SF
 
78.9%
 
1/9/2015
 
$1,440,000
 
11/28/2014
                               
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
2004
 
N/A
 
170,647
 
SF
 
100.0%
 
1/1/2015
 
$31,650,000
 
10/31/2014
 
4.250%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
         
183,003
 
SF
 
87.3%
     
$21,500,000
     
4.300%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
2001
 
N/A
 
79,245
 
SF
 
88.9%
 
11/10/2014
 
$9,640,000
 
11/10/2014
                               
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
2001
 
N/A
 
62,500
 
SF
 
86.6%
 
11/10/2014
 
$7,450,000
 
11/10/2014
                               
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
1981
 
N/A
 
41,258
 
SF
 
85.3%
 
11/10/2014
 
$4,410,000
 
11/10/2014
                               
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
2011
 
N/A
 
143
 
Rooms
 
61.3%
 
11/30/2014
 
$20,300,000
 
11/1/2014
 
4.500%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
2004
 
N/A
 
19,072
 
SF
 
100.0%
 
12/2/2014
 
$23,200,000
 
12/5/2014
 
3.990%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
2009
 
N/A
 
95
 
Rooms
 
84.8%
 
10/31/2014
 
$17,000,000
 
11/20/2014
 
4.400%
 
0.04145%
 
0.00500%
 
0.03000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
19
 
Commerce Green One
 
1.3%
 
1999
 
N/A
 
110,063
 
SF
 
82.1%
 
12/22/2014
 
$15,650,000
 
12/9/2014
 
4.185%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
2008
 
N/A
 
68,443
 
SF
 
100.0%
 
12/30/2014
 
$14,700,000
 
11/21/2014
 
4.305%
 
0.06645%
 
0.00500%
 
0.05500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
2009; 2010
 
N/A
 
336
 
Units
 
89.9%
 
1/14/2015
 
$14,900,000
 
10/22/2014
 
4.350%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
1980
 
N/A
 
190
 
Units
 
97.4%
 
11/20/2014
 
$19,260,000
 
10/17/2014
 
4.400%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
2000
 
2006
 
66,660
 
SF
 
100.0%
 
11/4/2014
 
$15,400,000
 
11/7/2014
 
4.680%
 
0.07145%
 
0.00500%
 
0.06000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
1972
 
2002
 
76,470
 
SF
 
99.0%
 
1/1/2015
 
$14,000,000
 
12/17/2014
 
4.120%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
25
 
River Bend Station
 
1.1%
 
2004
 
2007
 
132,361
 
SF
 
93.6%
 
12/10/2014
 
$12,250,000
 
10/8/2014
 
4.610%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
1989
 
N/A
 
141,747
 
SF
 
89.1%
 
12/11/2014
 
$12,300,000
 
10/22/2014
 
4.550%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
1984
 
2009
 
94,394
 
SF
 
85.1%
 
9/15/2014
 
$12,800,000
 
11/25/2014
 
4.105%
 
0.06645%
 
0.00500%
 
0.05500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
         
115,169
 
SF
 
100.0%
     
$14,910,000
     
4.350%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
2013
 
N/A
 
12,480
 
SF
 
100.0%
 
10/14/2014
 
$1,470,000
 
10/16/2014
                               
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
2013
 
N/A
 
12,406
 
SF
 
100.0%
 
10/14/2014
 
$1,440,000
 
10/15/2014
                               
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
1988
 
N/A
 
9,048
 
SF
 
100.0%
 
10/14/2014
 
$1,370,000
 
10/21/2014
                               
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
1979
 
N/A
 
7,434
 
SF
 
100.0%
 
10/14/2014
 
$1,260,000
 
10/21/2014
                               
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
1973
 
N/A
 
6,789
 
SF
 
100.0%
 
10/14/2014
 
$1,160,000
 
10/21/2014
                               
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
2013
 
N/A
 
9,100
 
SF
 
100.0%
 
10/14/2014
 
$1,130,000
 
10/16/2014
                               
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
2013
 
N/A
 
9,026
 
SF
 
100.0%
 
10/14/2014
 
$1,140,000
 
10/15/2014
                               
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
2013
 
N/A
 
9,026
 
SF
 
100.0%
 
10/14/2014
 
$1,110,000
 
10/15/2014
                               
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
2013
 
N/A
 
9,100
 
SF
 
100.0%
 
10/14/2014
 
$1,060,000
 
10/16/2014
                               
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
1970
 
N/A
 
6,022
 
SF
 
100.0%
 
10/14/2014
 
$1,050,000
 
10/21/2014
                               
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
1988
 
N/A
 
6,012
 
SF
 
100.0%
 
10/14/2014
 
$990,000
 
10/21/2014
                               
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
2013
 
N/A
 
9,100
 
SF
 
100.0%
 
10/14/2014
 
$980,000
 
10/16/2014
                               
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
1980
 
N/A
 
9,626
 
SF
 
100.0%
 
10/14/2014
 
$750,000
 
10/21/2014
                               
Loan
     
29
 
Dolfield A - D
 
1.0%
 
2005; 2007
 
N/A
 
113,979
 
SF
 
81.6%
 
11/5/2014
 
$12,300,000
 
12/9/2014
 
4.810%
 
0.07145%
 
0.00500%
 
0.06000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
30
 
Liberty Maynard
 
0.9%
 
1920
 
2013-2014
 
47,343
 
SF
 
100.0%
 
12/1/2014
 
$11,000,000
 
9/5/2014
 
4.400%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
         
205
 
Pads
 
95.6%
     
$11,300,000
     
4.110%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
1967
 
N/A
 
125
 
Pads
 
100.0%
 
1/7/2015
 
$7,370,000
 
12/9/2014
                               
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
1979
 
N/A
 
80
 
Pads
 
88.8%
 
1/7/2015
 
$3,930,000
 
12/9/2014
                               
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
1954; 2004
 
2004
 
48,905
 
SF
 
97.6%
 
2/3/2015
 
$11,300,000
 
11/7/2014
 
4.300%
 
0.07145%
 
0.00500%
 
0.06000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
2003
 
N/A
 
54,800
 
SF
 
100.0%
 
12/1/2014
 
$11,850,000
 
11/25/2014
 
4.245%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
1956
 
2005
 
285,905
 
SF
 
100.0%
 
1/22/2015
 
$23,900,000
 
11/4/2014
 
3.850%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
         
65,783
 
SF
 
92.2%
     
$11,790,000
     
4.385%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
1974
 
2004
 
46,693
 
SF
 
91.9%
 
10/7/2014
 
$7,865,000
 
12/6/2014
                               
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
1962
 
2002
 
19,090
 
SF
 
92.9%
 
10/7/2014
 
$3,925,000
 
10/13/2014
                               
Loan
     
36
 
Neptune Plaza
 
0.9%
 
1962
 
2014
 
44,092
 
SF
 
90.8%
 
1/1/2015
 
$10,800,000
 
10/29/2014
 
4.200%
 
0.05645%
 
0.00500%
 
0.04500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
2004
 
2012
 
156
 
Rooms
 
90.9%
 
10/31/2014
 
$29,000,000
 
12/1/2014
 
3.470%
 
0.07145%
 
0.00500%
 
0.06000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
1984
 
N/A
 
200
 
Units
 
90.5%
 
12/2/2014
 
$10,400,000
 
11/12/2014
 
4.188%
 
0.05645%
 
0.00500%
 
0.04500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
1980
 
2014
 
32,320
 
SF
 
100.0%
 
2/1/2015
 
$9,750,000
 
10/3/2014
 
4.430%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
2009
 
N/A
 
95
 
Rooms
 
71.3%
 
11/30/2014
 
$10,000,000
 
12/1/2014
 
4.308%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
1941
 
1985
 
15,175
 
SF
 
92.8%
 
1/29/2015
 
$12,400,000
 
10/31/2014
 
4.395%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
         
213,853
 
SF
 
86.0%
     
$9,500,000
     
4.340%
 
0.06645%
 
0.00500%
 
0.05500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
1977
 
2012
 
154,038
 
SF
 
86.4%
 
12/28/2014
 
$6,900,000
 
11/21/2014
                               
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
1966
 
2011
 
59,815
 
SF
 
85.0%
 
12/28/2014
 
$2,600,000
 
11/21/2014
                               
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
2010
 
N/A
 
15,930
 
SF
 
100.0%
 
2/1/2015
 
$9,150,000
 
11/10/2014
 
4.120%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
 
 
I-7

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                   
                                                                                 
                   
MORTGAGED PROPERTY CHARACTERISTICS
 
MORTGAGE LOAN CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Year Built
 
Year Renovated
 
Size
 
Units of
Measure
 
Occupancy
Rate
 
Occupancy Rate
As-of Date
 
Appraised
Value
 
Appraisal
As-of Date
 
Mortgage
Rate
 
Administrative
Fee Rate(2)
 
Master Servicing
Fee Rate
 
Primary Servicing
Fee Rate
 
Pari Passu
Loan Primary
Servicing
Fee Rate
 
Trustee
Fee Rate
 
Trust Advisor
Fee Rate
 
CREFC
Fee Rate
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
         
209
 
Units
 
96.2%
     
$8,350,000
     
4.445%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
1983
 
N/A
 
146
 
Units
 
95.9%
 
11/5/2014
 
$5,800,000
 
11/14/2014
                               
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
1981
 
N/A
 
63
 
Units
 
96.8%
 
11/5/2014
 
$2,550,000
 
11/14/2014
                               
Loan
     
45
 
Village at Old Trace
 
0.7%
 
2006
 
N/A
 
40,985
 
SF
 
93.2%
 
10/13/2014
 
$8,650,000
 
10/24/2014
 
4.368%
 
0.07145%
 
0.00500%
 
0.06000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
1971; 1988
 
2001
 
42,616
 
SF
 
97.9%
 
1/6/2015
 
$7,800,000
 
12/1/2014
 
4.350%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
2006
 
N/A
 
21,117
 
SF
 
94.2%
 
1/1/2015
 
$7,990,000
 
12/2/2014
 
4.500%
 
0.04645%
 
0.00500%
 
0.03500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
1978; 1987; 1994
 
2008-2011
 
121
 
Units
 
98.3%
 
12/10/2014
 
$7,180,000
 
11/6/2014
 
4.300%
 
0.08145%
 
0.00500%
 
0.07000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
1986
 
N/A
 
87,786
 
SF
 
89.0%
 
12/26/2014
 
$7,100,000
 
10/24/2014
 
4.500%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
1985
 
N/A
 
96
 
Units
 
99.0%
 
12/10/2014
 
$6,910,000
 
11/6/2014
 
4.300%
 
0.08145%
 
0.00500%
 
0.07000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
51
 
Riverview Commons
 
0.6%
 
1892; 1960; 1982
 
2014
 
57
 
Units
 
100.0%
 
12/1/2014
 
$6,900,000
 
9/5/2014
 
4.250%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
1978
 
N/A
 
65,356
 
SF
 
97.0%
 
12/19/2014
 
$8,990,000
 
12/3/2014
 
4.140%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
53
 
Empire Hu
 
0.5%
 
1925
 
2004
 
39,494
 
SF
 
89.2%
 
11/15/2014
 
$6,785,000
 
12/2/2014
 
4.350%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
2005
 
N/A
 
143,748
 
SF
 
100.0%
 
2/1/2015
 
$5,850,000
 
10/14/2014
 
4.350%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
55
 
Stone Oak Square
 
0.4%
 
1999
 
N/A
 
16,092
 
SF
 
100.0%
 
12/1/2014
 
$5,540,000
 
11/11/2014
 
4.600%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
56
 
Shops at Town Center
 
0.3%
 
2008
 
N/A
 
14,374
 
SF
 
100.0%
 
7/28/2014
 
$4,250,000
 
5/14/2014
 
5.200%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
1998
 
N/A
 
208
 
Units
 
94.7%
 
12/24/2014
 
$5,600,000
 
12/11/2014
 
4.107%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
2004
 
N/A
 
14,820
 
SF
 
100.0%
 
2/1/2015
 
$5,825,000
 
11/14/2014
 
4.090%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
1985
 
N/A
 
54
 
Units
 
94.4%
 
12/10/2014
 
$3,890,000
 
11/6/2014
 
4.300%
 
0.09145%
 
0.00500%
 
0.08000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
60
 
Broadway Corners
 
0.3%
 
2003
 
N/A
 
13,719
 
SF
 
100.0%
 
10/31/2014
 
$3,920,000
 
11/6/2014
 
5.150%
 
0.09145%
 
0.00500%
 
0.08000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
2003
 
N/A
 
14,259
 
SF
 
100.0%
 
10/29/2014
 
$4,650,000
 
11/2/2014
 
4.500%
 
0.08145%
 
0.00500%
 
0.07000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
1965
 
N/A
 
76
 
Units
 
92.1%
 
12/14/2014
 
$3,100,000
 
12/1/2014
 
4.526%
 
0.05645%
 
0.00500%
 
0.04500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
2004
 
N/A
 
14,550
 
SF
 
100.0%
 
2/1/2015
 
$5,050,000
 
11/27/2014
 
4.090%
 
0.01645%
 
0.00500%
 
0.00500%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
2009
 
N/A
 
13,700
 
SF
 
91.2%
 
10/29/2014
 
$2,830,000
 
12/5/2014
 
4.440%
 
0.09145%
 
0.00500%
 
0.08000%
 
0.00000%
 
0.00460%
 
0.00135%
 
0.00050%
 
 
I-8

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                           
                                                                                 
                   
MORTGAGE LOAN CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Interest
Accrual
Basis
 
Seasoning
(mos.)
 
ARD
(Yes/No)
 
Original Term
to Maturity (mos.)
 
Remaining Term
to Maturity (mos.)
 
Original
Interest-Only
Period (mos.)
 
Remaining
Interest-Only
Period (mos.)
 
Original
Amortization
Term (mos.)
 
Remaining
Amortization
Term (mos.)
 
Note Date
 
First
Payment
Date
 
First P&I Payment
Date (Partial
IO Loans)
 
Maturity
 Date
 
ARD Loan
Stated Maturity
Date
 
Monthly
Debt Service
(P&I)
 
Monthly
Debt Service
(IO)
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
Actual/360
 
0
 
No
 
120
 
120
 
120
 
120
 
0
 
0
 
2/3/2015
 
4/1/2015
 
N/A
 
3/1/2025
 
N/A
 
$0.00
 
$203,437.86
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
Actual/360
 
3
 
No
 
120
 
117
 
120
 
117
 
0
 
0
 
10/30/2014
 
12/4/2014
 
N/A
 
11/4/2024
 
N/A
 
$0.00
 
$160,515.51
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
Actual/360
 
3
 
No
 
120
 
117
 
60
 
57
 
360
 
360
 
11/6/2014
 
12/10/2014
 
12/10/2019
 
11/10/2024
 
N/A
 
$292,745.32
 
$211,953.47
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/2/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$276,541.60
 
$0.00
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
                                                                   
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
                                                                   
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
                                                                   
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
Actual/360
 
1
 
No
 
120
 
119
 
120
 
119
 
0
 
0
 
12/16/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$0.00
 
$173,881.94
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
Actual/360
 
0
 
No
 
120
 
120
 
60
 
60
 
360
 
360
 
1/14/2015
 
3/1/2015
 
3/1/2020
 
2/1/2025
 
N/A
 
$211,669.32
 
$162,771.41
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
Actual/360
 
1
 
No
 
120
 
119
 
120
 
119
 
0
 
0
 
12/11/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$0.00
 
$129,101.85
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
Actual/360
 
1
 
No
 
240
 
239
 
0
 
0
 
240
 
239
 
12/16/2014
 
2/1/2015
 
N/A
 
1/1/2035
 
N/A
 
$195,285.62
 
$0.00
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
                                                                   
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
                                                                   
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
                                                                   
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
                                                                   
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
                                                                   
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
                                                                   
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
                                                                   
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
                                                                   
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
                                                                   
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
                                                                   
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
                                                                   
Loan
     
9
 
Briarwood Office
 
2.9%
 
Actual/360
 
1
 
No
 
60
 
59
 
60
 
59
 
0
 
0
 
12/17/2014
 
2/1/2015
 
N/A
 
1/1/2020
 
N/A
 
$0.00
 
$93,425.64
Loan
 
12
 
10
 
International Park
 
2.7%
 
Actual/360
 
2
 
No
 
120
 
118
 
60
 
58
 
360
 
360
 
11/20/2014
 
1/6/2015
 
1/6/2020
 
12/6/2024
 
N/A
 
$120,640.64
 
$90,048.12
Loan
     
11
 
Headquarters Village
 
2.2%
 
Actual/360
 
2
 
No
 
120
 
118
 
60
 
58
 
360
 
360
 
11/26/2014
 
1/1/2015
 
1/1/2020
 
12/1/2024
 
N/A
 
$92,304.36
 
$66,540.68
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
Actual/360
 
0
 
No
 
120
 
120
 
48
 
48
 
360
 
360
 
1/27/2015
 
3/1/2015
 
3/1/2019
 
2/1/2025
 
N/A
 
$92,791.01
 
$67,334.90
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
24
 
24
 
360
 
360
 
1/27/2015
 
3/1/2015
 
3/1/2017
 
2/1/2025
 
N/A
 
$81,653.79
 
$59,946.18
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
                                                                   
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
                                                                   
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
                                                                   
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
                                                                   
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
                                                                   
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
                                                                   
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
Actual/360
 
0
 
No
 
120
 
120
 
24
 
24
 
360
 
360
 
1/9/2015
 
3/6/2015
 
3/6/2017
 
2/6/2025
 
N/A
 
$76,250.68
 
$55,658.28
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
Actual/360
 
1
 
No
 
120
 
119
 
60
 
59
 
360
 
360
 
12/15/2014
 
2/6/2015
 
2/6/2020
 
1/6/2025
 
N/A
 
$73,216.23
 
$53,751.74
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
                                                                   
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
                                                                   
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
                                                                   
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/14/2015
 
3/6/2015
 
N/A
 
2/6/2025
 
N/A
 
$69,922.57
 
$0.00
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
Actual/360
 
1
 
No
 
120
 
119
 
36
 
35
 
360
 
360
 
12/31/2014
 
2/1/2015
 
2/1/2018
 
1/1/2025
 
N/A
 
$64,373.26
 
$45,510.94
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/23/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$58,338.65
 
$0.00
Loan
     
19
 
Commerce Green One
 
1.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
36
 
35
 
360
 
360
 
12/29/2014
 
2/1/2015
 
2/1/2018
 
1/1/2025
 
N/A
 
$55,452.94
 
$40,168.25
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
Actual/360
 
1
 
No
 
120
 
119
 
60
 
59
 
360
 
360
 
12/30/2014
 
2/6/2015
 
2/6/2020
 
1/6/2025
 
N/A
 
$52,487.50
 
$38,555.66
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
324
 
324
 
1/14/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$55,396.04
 
$0.00
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/15/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$50,076.09
 
$0.00
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
300
 
299
 
12/12/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$56,609.85
 
$0.00
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
Actual/360
 
0
 
No
 
120
 
120
 
60
 
60
 
360
 
360
 
1/12/2015
 
3/1/2015
 
3/1/2020
 
2/1/2025
 
N/A
 
$47,588.30
 
$34,201.01
Loan
     
25
 
River Bend Station
 
1.1%
 
Actual/360
 
1
 
No
 
84
 
83
 
9
 
8
 
360
 
360
 
12/19/2014
 
2/1/2015
 
11/1/2015
 
1/1/2022
 
N/A
 
$47,154.12
 
$35,785.53
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
Actual/360
 
1
 
No
 
120
 
119
 
36
 
35
 
360
 
360
 
12/18/2014
 
2/1/2015
 
2/1/2018
 
1/1/2025
 
N/A
 
$46,379.11
 
$34,983.39
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
Actual/360
 
0
 
No
 
120
 
120
 
48
 
48
 
360
 
360
 
1/16/2015
 
3/6/2015
 
3/6/2019
 
2/6/2025
 
N/A
 
$43,513.96
 
$31,215.10
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
Actual/360
 
2
 
No
 
120
 
118
 
0
 
0
 
240
 
238
 
11/24/2014
 
1/1/2015
 
N/A
 
12/1/2024
 
N/A
 
$56,399.68
 
$0.00
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
                                                                   
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
                                                                   
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
                                                                   
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
                                                                   
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
                                                                   
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
                                                                   
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
                                                                   
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
                                                                   
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
                                                                   
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
                                                                   
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
                                                                   
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
                                                                   
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
                                                                   
Loan
     
29
 
Dolfield A - D
 
1.0%
 
Actual/360
 
18
 
No
 
138
 
120
 
0
 
0
 
360
 
342
 
7/9/2013
 
9/1/2013
 
N/A
 
2/1/2025
 
N/A
 
$47,799.57
 
$0.00
Loan
     
30
 
Liberty Maynard
 
0.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
300
 
300
 
1/13/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$45,389.17
 
$0.00
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/15/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$39,911.74
 
$0.00
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
                                                                   
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
                                                                   
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
24
 
24
 
360
 
360
 
1/21/2015
 
3/1/2015
 
3/1/2017
 
2/1/2025
 
N/A
 
$40,579.46
 
$29,791.44
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/23/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$40,315.07
 
$0.00
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
300
 
300
 
1/22/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$41,567.19
 
$0.00
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/9/2014
 
2/6/2015
 
N/A
 
1/6/2025
 
N/A
 
$39,490.15
 
$0.00
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
                                                                   
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
                                                                   
Loan
     
36
 
Neptune Plaza
 
0.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
12
 
12
 
360
 
360
 
1/14/2015
 
3/1/2015
 
3/1/2016
 
2/1/2025
 
N/A
 
$38,143.34
 
$27,679.17
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/9/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$34,000.25
 
$0.00
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
Actual/360
 
1
 
No
 
120
 
119
 
60
 
59
 
360
 
360
 
12/30/2014
 
2/1/2015
 
2/1/2020
 
1/1/2025
 
N/A
 
$36,621.59
 
$26,535.37
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/9/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$36,747.84
 
$0.00
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/16/2015
 
3/6/2015
 
N/A
 
2/6/2025
 
N/A
 
$34,673.89
 
$0.00
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
Actual/360
 
1
 
No
 
120
 
119
 
120
 
119
 
0
 
0
 
12/9/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$0.00
 
$24,879.57
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
Actual/360
 
1
 
No
 
120
 
119
 
24
 
23
 
360
 
360
 
12/31/2014
 
2/6/2015
 
2/6/2017
 
1/6/2025
 
N/A
 
$32,319.50
 
$23,834.84
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
                                                                   
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
                                                                   
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
Actual/360
 
0
 
No
 
120
 
120
 
120
 
120
 
0
 
0
 
1/9/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$0.00
 
$21,338.64
 
 
I-9

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                                 
                                                                                 
                   
MORTGAGE LOAN CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Interest
Accrual
Basis
 
Seasoning
(mos.)
 
ARD
(Yes/No)
 
Original Term
to Maturity (mos.)
 
Remaining Term
to Maturity (mos.)
 
Original
Interest-Only
Period (mos.)
 
Remaining
Interest-Only
Period (mos.)
 
Original
Amortization
Term (mos.)
 
Remaining
Amortization
Term (mos.)
 
Note Date
 
First
Payment
Date
 
First P&I Payment
Date (Partial
IO Loans)
 
Maturity
 Date
 
ARD Loan
Stated Maturity
Date
 
Monthly
Debt Service
(P&I)
 
Monthly
Debt Service
(IO)
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/24/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$30,771.71
 
$0.00
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
                                                                   
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
                                                                   
Loan
     
45
 
Village at Old Trace
 
0.7%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/10/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$30,479.31
 
$0.00
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
Actual/360
 
0
 
No
 
120
 
120
 
12
 
12
 
360
 
360
 
1/13/2015
 
3/6/2015
 
3/6/2016
 
2/6/2025
 
N/A
 
$29,121.99
 
$21,500.78
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
Actual/360
 
0
 
No
 
120
 
120
 
36
 
36
 
360
 
360
 
1/12/2015
 
3/1/2015
 
3/1/2018
 
2/1/2025
 
N/A
 
$27,867.69
 
$20,911.46
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
Actual/360
 
1
 
No
 
120
 
119
 
48
 
47
 
360
 
360
 
12/17/2014
 
2/1/2015
 
2/1/2019
 
1/1/2025
 
N/A
 
$26,351.90
 
$19,346.27
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/29/2014
 
2/6/2015
 
N/A
 
1/6/2025
 
N/A
 
$26,854.32
 
$0.00
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
Actual/360
 
1
 
No
 
120
 
119
 
48
 
47
 
360
 
360
 
12/17/2014
 
2/1/2015
 
2/1/2019
 
1/1/2025
 
N/A
 
$25,980.75
 
$19,073.78
Loan
     
51
 
Riverview Commons
 
0.6%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/22/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$25,088.93
 
$0.00
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
300
 
300
 
1/8/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$26,244.28
 
$0.00
Loan
     
53
 
Empire Hu
 
0.5%
 
Actual/360
 
1
 
No
 
120
 
119
 
24
 
23
 
360
 
360
 
12/22/2014
 
2/6/2015
 
2/6/2017
 
1/6/2025
 
N/A
 
$22,949.12
 
$16,943.35
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
Actual/360
 
1
 
No
 
120
 
119
 
36
 
35
 
360
 
360
 
12/8/2014
 
2/1/2015
 
2/1/2018
 
1/1/2025
 
N/A
 
$21,785.49
 
$16,084.24
Loan
     
55
 
Stone Oak Square
 
0.4%
 
Actual/360
 
1
 
No
 
120
 
119
 
36
 
35
 
360
 
360
 
12/22/2014
 
2/1/2015
 
2/1/2018
 
1/1/2025
 
N/A
 
$19,480.49
 
$14,768.98
Loan
     
56
 
Shops at Town Center
 
0.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/2/2014
 
2/1/2015
 
N/A
 
1/1/2025
 
N/A
 
$16,500.78
 
$0.00
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
24
 
23
 
360
 
360
 
12/30/2014
 
2/1/2015
 
2/1/2017
 
1/1/2025
 
N/A
 
$14,508.14
 
$10,410.10
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
Actual/360
 
0
 
No
 
120
 
120
 
60
 
60
 
360
 
360
 
1/2/2015
 
3/1/2015
 
3/1/2020
 
2/1/2025
 
N/A
 
$14,092.46
 
$10,090.56
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
48
 
47
 
360
 
360
 
12/17/2014
 
2/1/2015
 
2/1/2019
 
1/1/2025
 
N/A
 
$14,351.27
 
$10,536.00
Loan
     
60
 
Broadway Corners
 
0.3%
 
Actual/360
 
1
 
No
 
180
 
179
 
0
 
0
 
360
 
359
 
12/17/2014
 
2/1/2015
 
N/A
 
1/1/2030
 
N/A
 
$15,834.76
 
$0.00
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
60
 
59
 
360
 
360
 
12/11/2014
 
2/1/2015
 
2/1/2020
 
1/1/2025
 
N/A
 
$14,060.52
 
$10,550.78
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
Actual/360
 
1
 
No
 
120
 
119
 
0
 
0
 
360
 
359
 
12/24/2014
 
2/6/2015
 
N/A
 
1/6/2025
 
N/A
 
$11,816.38
 
$0.00
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
Actual/360
 
0
 
No
 
120
 
120
 
60
 
60
 
360
 
360
 
1/2/2015
 
3/1/2015
 
3/1/2020
 
2/1/2025
 
N/A
 
$10,569.34
 
$7,567.92
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
Actual/360
 
0
 
No
 
120
 
120
 
0
 
0
 
360
 
360
 
1/22/2015
 
3/1/2015
 
N/A
 
2/1/2025
 
N/A
 
$10,314.09
 
$0.00
 
 
I-10

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                                   
                                                                                     
                   
MORTGAGE LOAN CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Annual Debt
Service
(P&I)
 
Annual Debt
Service
(IO)
 
Lockbox
Type
 
Cash
Management
Status
 
Crossed With
Other Loans
 
Related-
Borrower
Loans
 
UW NOI
DSCR (P&I)
 
UW NOI
DSCR (IO)
 
UW NCF
DSCR (P&I)
 
UW NCF
DSCR (IO)
 
Cut-Off Date
LTV Ratio
 
Maturity Date
LTV Ratio
 
Grace Period to
Late Charge
(Days)
 
Grace Period to
Default
(Days)
 
Due Date
 
Prepayment Provisions
(No. of Payments)
 
YM
Formula
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
$0
 
$2,441,254
 
Hard
 
Springing
 
No
 
N/A
 
N/A
 
2.79x
 
N/A
 
2.63x
 
59.0%
 
59.0%
 
4
 
4
 
First
 
LO(23);DEF/YM1(90);O(7)
 
A
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
$0
 
$1,926,186
 
Soft
 
Springing
 
No
 
N/A
 
N/A
 
5.49x
 
N/A
 
5.49x
 
29.1%
 
29.1%
 
3
 
3
 
Fourth
 
LO(27);DEF(86);O(7)
   
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
$3,512,944
 
$2,543,442
 
Hard
 
Springing
 
No
 
N/A
 
2.11x
 
2.91x
 
1.97x
 
2.72x
 
47.5%
 
43.3%
 
0
 
0
 
Tenth
 
LO(22);YM1(5);DEF/YM1(88);O(5)
 
B
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
$3,318,499
 
$0
 
Soft
 
In Place
 
No
 
N/A
 
2.21x
 
N/A
 
1.88x
 
N/A
 
75.0%
 
60.7%
 
0
 
0
 
First
 
LO(24);DEF(89);O(7)
   
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
                                                                       
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
                                                                       
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
                                                                       
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
$0
 
$2,086,583
 
Soft
 
Springing
 
No
 
N/A
 
N/A
 
1.79x
 
N/A
 
1.72x
 
74.5%
 
74.5%
 
0
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
$2,540,032
 
$1,953,257
 
Soft
 
In Place
 
No
 
N/A
 
1.36x
 
1.77x
 
1.36x
 
1.77x
 
76.0%
 
70.4%
 
0
 
5
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
$0
 
$1,549,222
 
Springing
 
Springing
 
No
 
N/A
 
N/A
 
2.59x
 
N/A
 
2.42x
 
53.8%
 
53.8%
 
5
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
$2,343,427
 
$0
 
Soft
 
Springing
 
No
 
N/A
 
1.78x
 
N/A
 
1.73x
 
N/A
 
51.4%
 
1.0%
 
0
 
0
 
First
 
LO(25);DEF(211);O(4)
   
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
                                                                       
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
                                                                       
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
                                                                       
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
                                                                       
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
                                                                       
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
                                                                       
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
                                                                       
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
                                                                       
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
                                                                       
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
                                                                       
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
                                                                       
Loan
     
9
 
Briarwood Office
 
2.9%
 
$0
 
$1,121,108
 
Hard
 
Springing
 
No
 
N/A
 
N/A
 
2.21x
 
N/A
 
2.08x
 
71.8%
 
71.8%
 
0
 
5
 
First
 
LO(25);DEF(31);O(4)
   
Loan
 
12
 
10
 
International Park
 
2.7%
 
$1,447,688
 
$1,080,577
 
Soft
 
Springing
 
No
 
N/A
 
1.78x
 
2.39x
 
1.60x
 
2.14x
 
73.9%
 
67.7%
 
0
 
0
 
Sixth
 
LO(26);DEF(89);O(5)
   
Loan
     
11
 
Headquarters Village
 
2.2%
 
$1,107,652
 
$798,488
 
Springing
 
Springing
 
No
 
N/A
 
1.61x
 
2.24x
 
1.51x
 
2.10x
 
70.6%
 
64.4%
 
0
 
5
 
First
 
LO(26);DEF(90);O(4)
   
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
$1,113,492
 
$808,019
 
Springing
 
Springing
 
No
 
N/A
 
1.68x
 
2.32x
 
1.52x
 
2.09x
 
75.0%
 
66.9%
 
7
 
7
 
First
 
LO(24);DEF(92);O(4)
   
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
$979,845
 
$719,354
 
Springing
 
Springing
 
No
 
N/A
 
1.71x
 
2.32x
 
1.49x
 
2.03x
 
73.3%
 
62.4%
 
7
 
7
 
First
 
LO(24);YM1(92);O(4)
 
C
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
                                                                       
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
                                                                       
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
                                                                       
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
                                                                       
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
                                                                       
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
                                                                       
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
$915,008
 
$667,899
 
Springing
 
Springing
 
No
 
N/A
 
1.95x
 
2.67x
 
1.92x
 
2.64x
 
49.0%
 
41.6%
 
0
 
0
 
Sixth
 
LO(24);YM1(92);O(4)
 
D
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
$878,595
 
$645,021
 
N/A
 
N/A
 
No
 
N/A
 
1.55x
 
2.11x
 
1.52x
 
2.07x
 
68.8%
 
62.9%
 
0
 
0
 
Sixth
 
LO(25);DEF(82);O(13)
   
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
                                                                       
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
                                                                       
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
                                                                       
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
$839,071
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.89x
 
N/A
 
1.65x
 
N/A
 
68.0%
 
55.1%
 
0
 
0
 
Sixth
 
LO(24);DEF(92);O(4)
   
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
$772,479
 
$546,131
 
Hard
 
Springing
 
No
 
N/A
 
1.81x
 
2.55x
 
1.71x
 
2.42x
 
58.2%
 
50.4%
 
0
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
$700,064
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
2.13x
 
N/A
 
1.94x
 
N/A
 
68.4%
 
55.3%
 
0
 
5
 
First
 
LO(23);YM1(2);DEF/YM1(91);O(4)
 
E
Loan
     
19
 
Commerce Green One
 
1.3%
 
$665,435
 
$482,019
 
Springing
 
Springing
 
No
 
N/A
 
1.66x
 
2.29x
 
1.43x
 
1.98x
 
72.6%
 
63.2%
 
5
 
4
 
First
 
LO(25);YM1(90);O(5)
 
F
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
$629,850
 
$462,668
 
Springing
 
Springing
 
No
 
Group 1
 
1.44x
 
1.96x
 
1.32x
 
1.79x
 
72.1%
 
65.9%
 
0
 
0
 
Sixth
 
LO(25);DEF(90);O(5)
   
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
$664,752
 
$0
 
Soft
 
Springing
 
No
 
N/A
 
1.40x
 
N/A
 
1.35x
 
N/A
 
70.8%
 
54.2%
 
5
 
5
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
$600,913
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.71x
 
N/A
 
1.56x
 
N/A
 
51.9%
 
41.9%
 
5
 
4
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
$679,318
 
$0
 
Hard
 
Springing
 
No
 
N/A
 
1.55x
 
N/A
 
1.42x
 
N/A
 
64.8%
 
48.2%
 
0
 
5
 
First
 
LO(25);YM1(91);O(4)
 
G
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
$571,060
 
$410,412
 
Springing
 
Springing
 
No
 
N/A
 
1.97x
 
2.75x
 
1.84x
 
2.56x
 
70.2%
 
63.9%
 
5
 
4
 
First
 
LO(24);DEF(91);O(5)
   
Loan
     
25
 
River Bend Station
 
1.1%
 
$565,849
 
$429,426
 
Springing
 
Springing
 
No
 
N/A
 
1.67x
 
2.20x
 
1.53x
 
2.02x
 
75.0%
 
67.1%
 
7
 
7
 
First
 
LO(25);DEF(56);O(3)
   
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
$556,549
 
$419,801
 
Springing
 
Springing
 
No
 
N/A
 
1.54x
 
2.05x
 
1.36x
 
1.80x
 
74.0%
 
65.0%
 
0
 
5
 
First
 
LO(25);DEF(58);O(37)
   
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
$522,168
 
$374,581
 
Springing
 
Springing
 
No
 
Group 1
 
1.60x
 
2.24x
 
1.43x
 
2.00x
 
70.3%
 
62.6%
 
0
 
0
 
Sixth
 
LO(24);DEF(91);O(5)
   
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
$676,796
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.60x
 
N/A
 
1.51x
 
N/A
 
60.3%
 
37.4%
 
5
 
5
 
First
 
LO(26);DEF(90);O(4)
   
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
                                                                       
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
                                                                       
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
                                                                       
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
                                                                       
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
                                                                       
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
                                                                       
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
                                                                       
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
                                                                       
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
                                                                       
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
                                                                       
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
                                                                       
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
                                                                       
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
                                                                       
Loan
     
29
 
Dolfield A - D
 
1.0%
 
$573,595
 
$0
 
N/A
 
N/A
 
No
 
N/A
 
1.63x
 
N/A
 
1.31x
 
N/A
 
72.4%
 
57.9%
 
0
 
5
 
First
 
LO(30);YM1(12);DEF/YM1(92);O(4)
 
H
Loan
     
30
 
Liberty Maynard
 
0.9%
 
$544,670
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.33x
 
N/A
 
1.23x
 
N/A
 
75.0%
 
55.0%
 
7
 
7
 
First
 
LO(24);DEF(93);O(3)
   
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
$478,941
 
$0
 
N/A
 
N/A
 
No
 
N/A
 
1.65x
 
N/A
 
1.63x
 
N/A
 
73.0%
 
58.4%
 
5
 
4
 
First
 
LO(24);DEF(90);O(6)
   
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
                                                                       
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
                                                                       
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
$486,954
 
$357,497
 
Springing
 
Springing
 
No
 
N/A
 
1.59x
 
2.17x
 
1.43x
 
1.94x
 
72.6%
 
61.8%
 
15
 
5
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
$483,781
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.41x
 
N/A
 
1.34x
 
N/A
 
69.1%
 
55.6%
 
5
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
$498,806
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
2.14x
 
N/A
 
1.89x
 
N/A
 
33.5%
 
24.0%
 
5
 
4
 
First
 
LO(24);DEF(92);O(4)
   
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
$473,882
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.51x
 
N/A
 
1.34x
 
N/A
 
66.9%
 
54.1%
 
0
 
0
 
Sixth
 
LO(24);YM1(92);O(4)
 
D
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
                                                                       
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
                                                                       
Loan
     
36
 
Neptune Plaza
 
0.9%
 
$457,720
 
$332,150
 
Springing
 
Springing
 
No
 
N/A
 
1.58x
 
2.17x
 
1.45x
 
2.00x
 
72.2%
 
59.7%
 
7
 
7
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
$408,003
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
5.47x
 
N/A
 
4.79x
 
N/A
 
26.2%
 
20.5%
 
5
 
5
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
$439,459
 
$318,424
 
N/A
 
N/A
 
No
 
N/A
 
1.62x
 
2.23x
 
1.50x
 
2.07x
 
72.1%
 
65.8%
 
5
 
5
 
First
 
LO(23);YM1(84);O(13)
 
I
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
$440,974
 
$0
 
Hard
 
Springing
 
No
 
N/A
 
1.49x
 
N/A
 
1.41x
 
N/A
 
75.0%
 
60.6%
 
7
 
7
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
$416,087
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
2.09x
 
N/A
 
1.90x
 
N/A
 
70.0%
 
56.4%
 
0
 
0
 
Sixth
 
LO(24);DEF(92);O(4)
   
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
$0
 
$298,555
 
Hard
 
Springing
 
No
 
N/A
 
N/A
 
1.91x
 
N/A
 
1.81x
 
54.0%
 
54.0%
 
5
 
5
 
First
 
LO(25);DEF(90);O(5)
   
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
$387,834
 
$286,018
 
Springing
 
Springing
 
No
 
N/A
 
1.68x
 
2.28x
 
1.47x
 
2.00x
 
68.4%
 
58.3%
 
0
 
0
 
Sixth
 
LO(25);DEF(88);O(7)
   
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
                                                                       
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
                                                                       
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
$0
 
$256,064
 
Springing
 
Springing
 
No
 
N/A
 
N/A
 
1.99x
 
N/A
 
1.98x
 
67.0%
 
67.0%
 
5
 
5
 
First
 
LO(24);DEF(92);O(4)
   
 
 
I-11

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                                                       
                                                                                     
                   
MORTGAGE LOAN CHARACTERISTICS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Annual Debt
Service
(P&I)
 
Annual Debt
Service
(IO)
 
Lockbox
Type
 
Cash
Management
Status
 
Crossed With
Other Loans
 
Related-
Borrower
Loans
 
UW NOI
DSCR (P&I)
 
UW NOI
DSCR (IO)
 
UW NCF
DSCR (P&I)
 
UW NCF
DSCR (IO)
 
Cut-Off Date
LTV Ratio
 
Maturity Date
LTV Ratio
 
Grace Period to
Late Charge
(Days)
 
Grace Period to
Default
(Days)
 
Due Date
 
Prepayment Provisions
(No. of Payments)
 
YM
Formula
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
$369,261
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.83x
 
N/A
 
1.66x
 
N/A
 
73.1%
 
59.2%
 
5
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
                                                                       
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
                                                                       
Loan
     
45
 
Village at Old Trace
 
0.7%
 
$365,752
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.72x
 
N/A
 
1.58x
 
N/A
 
70.5%
 
57.0%
 
5
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
$349,464
 
$258,009
 
Springing
 
Springing
 
No
 
N/A
 
1.70x
 
2.30x
 
1.63x
 
2.21x
 
75.0%
 
62.2%
 
0
 
0
 
Sixth
 
LO(24);DEF(92);O(4)
   
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
$334,412
 
$250,938
 
Springing
 
Springing
 
No
 
N/A
 
1.49x
 
1.98x
 
1.36x
 
1.81x
 
68.8%
 
60.4%
 
5
 
4
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
$316,223
 
$232,155
 
Springing
 
Springing
 
No
 
Group 2
 
1.60x
 
2.18x
 
1.46x
 
1.99x
 
74.2%
 
66.3%
 
5
 
4
 
First
 
LO(25);DEF(92);O(3)
   
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
$322,252
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.84x
 
N/A
 
1.67x
 
N/A
 
74.6%
 
60.5%
 
0
 
0
 
Sixth
 
LO(25);DEF(91);O(4)
   
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
$311,769
 
$228,885
 
Springing
 
Springing
 
No
 
Group 2
 
1.58x
 
2.15x
 
1.46x
 
1.98x
 
76.0%
 
67.9%
 
5
 
4
 
First
 
LO(25);DEF(92);O(3)
   
Loan
     
51
 
Riverview Commons
 
0.6%
 
$301,067
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.39x
 
N/A
 
1.34x
 
N/A
 
73.9%
 
59.4%
 
7
 
7
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
$314,931
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
2.02x
 
N/A
 
1.84x
 
N/A
 
54.5%
 
39.6%
 
5
 
4
 
First
 
LO(24);DEF(89);O(7)
   
Loan
     
53
 
Empire Hu
 
0.5%
 
$275,389
 
$203,320
 
N/A
 
N/A
 
No
 
N/A
 
1.63x
 
2.21x
 
1.47x
 
1.99x
 
67.9%
 
57.9%
 
0
 
0
 
Sixth
 
LO(25);DEF(91);O(4)
   
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
$261,426
 
$193,011
 
Hard
 
In Place
 
No
 
N/A
 
1.27x
 
1.72x
 
1.27x
 
1.72x
 
74.8%
 
65.4%
 
5
 
4
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
55
 
Stone Oak Square
 
0.4%
 
$233,766
 
$177,228
 
Springing
 
Springing
 
No
 
N/A
 
1.56x
 
2.05x
 
1.40x
 
1.85x
 
68.6%
 
60.3%
 
5
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
56
 
Shops at Town Center
 
0.3%
 
$198,009
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.46x
 
N/A
 
1.38x
 
N/A
 
70.6%
 
58.6%
 
5
 
4
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
$174,098
 
$124,921
 
Springing
 
Springing
 
No
 
N/A
 
2.48x
 
3.45x
 
2.17x
 
3.03x
 
53.6%
 
45.4%
 
5
 
4
 
First
 
LO(25);DEF(90);O(5)
   
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
$169,110
 
$121,087
 
Hard
 
In Place
 
No
 
Group 3
 
1.80x
 
2.51x
 
1.80x
 
2.51x
 
50.1%
 
45.6%
 
5
 
4
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
$172,215
 
$126,432
 
Springing
 
Springing
 
No
 
Group 2
 
1.69x
 
2.30x
 
1.56x
 
2.13x
 
74.6%
 
66.6%
 
5
 
4
 
First
 
LO(25);DEF(92);O(3)
   
Loan
     
60
 
Broadway Corners
 
0.3%
 
$190,017
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.44x
 
N/A
 
1.33x
 
N/A
 
73.9%
 
51.9%
 
5
 
5
 
First
 
LO(25);DEF(94);O(61)
   
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
$168,726
 
$126,609
 
Springing
 
Springing
 
No
 
N/A
 
1.60x
 
2.13x
 
1.58x
 
2.11x
 
59.7%
 
54.7%
 
5
 
5
 
First
 
LO(25);DEF(91);O(4)
   
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
$141,797
 
$0
 
N/A
 
N/A
 
No
 
N/A
 
1.47x
 
N/A
 
1.33x
 
N/A
 
74.9%
 
60.8%
 
0
 
0
 
Sixth
 
LO(25);DEF(91);O(4)
   
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
$126,832
 
$90,815
 
Hard
 
In Place
 
No
 
Group 3
 
2.38x
 
3.32x
 
2.38x
 
3.32x
 
43.4%
 
39.5%
 
5
 
4
 
First
 
LO(24);DEF(92);O(4)
   
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
$123,769
 
$0
 
Springing
 
Springing
 
No
 
N/A
 
1.72x
 
N/A
 
1.59x
 
N/A
 
72.4%
 
58.6%
 
5
 
5
 
First
 
LO(24);DEF(92);O(4)
   
 
 
I-12

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                               
                                                                 
                   
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Third Most
Recent Revenues
 
Third Most
Recent Expenses
 
Third Most
Recent NOI
 
Third
Most Recent
NOI Date
 
Third Most
Recent NOI
Debt Yield
 
Second Most
 Recent Revenues
 
Second Most
 Recent Expenses
 
Second Most
 Recent NOI
 
Second
Most Recent
NOI Date
 
Second Most
Recent NOI
Debt Yield
 
Most
 Recent Revenues
 
Most
 Recent Expenses
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
$19,305,805
 
$7,241,551
 
$12,064,254
 
12/31/2012
 
9.7%
 
$19,005,096
 
$6,934,161
 
$12,070,935
 
12/31/2013
 
9.7%
 
$20,473,560
 
$7,308,206
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
$25,055,622
 
$7,888,529
 
$17,167,093
 
12/31/2011
 
19.1%
 
$24,723,248
 
$7,841,624
 
$16,881,624
 
12/31/2012
 
18.8%
 
$26,518,292
 
$8,340,244
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
$21,267,671
 
$6,390,660
 
$14,877,011
 
12/31/2012
 
8.8%
 
$19,506,731
 
$6,817,461
 
$12,689,270
 
12/31/2013
 
7.5%
 
$24,737,582
 
$7,680,139
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
$19,847,544
 
$13,211,228
 
$6,636,316
 
12/31/2012
 
12.1%
 
$20,825,094
 
$13,695,931
 
$7,129,163
 
12/31/2013
 
13.0%
 
$21,714,338
 
$14,353,656
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
$11,679,388
 
$8,232,485
 
$3,446,903
 
12/31/2012
     
$12,522,398
 
$8,548,004
 
$3,974,394
 
12/31/2013
     
$12,841,567
 
$8,781,594
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
$4,392,816
 
$2,412,814
 
$1,980,002
 
12/31/2012
     
$4,288,121
 
$2,312,302
 
$1,975,819
 
12/31/2013
     
$4,231,831
 
$2,414,386
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
$3,775,340
 
$2,565,929
 
$1,209,411
 
12/31/2012
     
$4,014,575
 
$2,835,625
 
$1,178,950
 
12/31/2013
     
$4,640,940
 
$3,157,676
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
$5,386,902
 
$2,157,643
 
$3,229,259
 
12/31/2012
 
7.3%
 
$5,477,129
 
$2,090,957
 
$3,386,172
 
12/31/2013
 
7.7%
 
$5,640,185
 
$2,178,913
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
$5,396,058
 
$757,548
 
$4,638,510
 
12/31/2012
 
12.1%
 
$4,956,303
 
$1,237,656
 
$3,718,647
 
12/31/2013
 
9.7%
 
$4,858,112
 
$1,114,375
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
$5,232,469
 
$1,743,367
 
$3,489,102
 
12/31/2012
 
11.3%
 
$5,606,126
 
$1,818,329
 
$3,787,797
 
12/31/2013
 
12.2%
 
$6,048,068
 
$1,885,183
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
$931,912
 
$347,423
 
$584,489
 
12/31/2012
     
$976,459
 
$370,001
 
$606,458
 
12/31/2013
     
$1,027,331
 
$388,188
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
$316,847
 
$154,561
 
$162,286
 
12/31/2012
     
$459,866
 
$189,728
 
$270,138
 
12/31/2013
     
$606,426
 
$224,037
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
$604,245
 
$172,477
 
$431,768
 
12/31/2012
     
$613,484
 
$172,310
 
$441,174
 
12/31/2013
     
$649,698
 
$173,837
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
$540,368
 
$143,885
 
$396,483
 
12/31/2012
     
$596,843
 
$149,429
 
$447,414
 
12/31/2013
     
$613,858
 
$144,624
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
$614,619
 
$171,124
 
$443,495
 
12/31/2012
     
$616,393
 
$175,094
 
$441,299
 
12/31/2013
     
$679,565
 
$175,167
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
$470,665
 
$183,764
 
$286,901
 
12/31/2012
     
$493,843
 
$184,317
 
$309,526
 
12/31/2013
     
$547,713
 
$186,666
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
$450,294
 
$137,433
 
$312,861
 
12/31/2012
     
$496,861
 
$146,146
 
$350,715
 
12/31/2013
     
$500,117
 
$147,898
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
$339,137
 
$90,399
 
$248,738
 
12/31/2012
     
$351,488
 
$92,279
 
$259,209
 
12/31/2013
     
$376,198
 
$93,854
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
$338,512
 
$118,774
 
$219,738
 
12/31/2012
     
$350,211
 
$116,864
 
$233,347
 
12/31/2013
     
$366,334
 
$125,297
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
$372,050
 
$124,059
 
$247,991
 
12/31/2012
     
$398,290
 
$126,615
 
$271,675
 
12/31/2013
     
$395,898
 
$133,090
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
$253,820
 
$99,468
 
$154,352
 
12/31/2012
     
$252,388
 
$95,546
 
$156,842
 
12/31/2013
     
$284,930
 
$92,525
Loan
     
9
 
Briarwood Office
 
2.9%
 
$2,561,791
 
$1,585,173
 
$976,618
 
12/31/2012
 
3.9%
 
$3,483,747
 
$1,606,824
 
$1,876,923
 
12/31/2013
 
7.5%
 
$3,059,604
 
$1,730,897
Loan
 
12
 
10
 
International Park
 
2.7%
 
$3,575,136
 
$1,517,361
 
$2,057,776
 
12/31/2012
 
8.6%
 
$3,958,866
 
$1,544,598
 
$2,414,268
 
12/31/2013
 
10.1%
 
$3,718,070
 
$1,587,946
Loan
     
11
 
Headquarters Village
 
2.2%
 
$2,353,311
 
$844,381
 
$1,508,930
 
12/31/2012
 
7.9%
 
$3,230,660
 
$1,109,235
 
$2,121,425
 
12/31/2013
 
11.2%
 
$3,026,160
 
$1,011,890
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
$2,613,101
 
$760,651
 
$1,852,450
 
12/31/2012
 
9.8%
 
$2,684,881
 
$731,028
 
$1,953,852
 
12/31/2013
 
10.3%
 
$2,592,528
 
$732,644
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
$1,807,825
 
$722,916
 
$1,084,908
 
12/31/2013
 
6.6%
 
$2,146,497
 
$726,781
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
$827,783
 
$286,202
 
$541,581
 
12/31/2012
     
$809,117
 
$315,192
 
$493,925
 
12/31/2013
     
$870,068
 
$357,050
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
$378,037
 
$103,619
 
$274,418
 
12/31/2012
     
$405,741
 
$99,456
 
$306,285
 
12/31/2013
     
$443,074
 
$102,837
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
$171,479
 
$82,294
 
$89,185
 
12/31/2012
     
$138,201
 
$72,882
 
$65,319
 
12/31/2013
     
$232,186
 
$74,707
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
$111,014
 
$54,817
 
$56,197
 
12/31/2012
     
$169,288
 
$82,368
 
$86,920
 
12/31/2013
     
$182,287
 
$33,964
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
N/A
 
N/A
 
N/A
 
N/A
     
$155,148
 
$102,254
 
$52,894
 
12/31/2013
     
$288,012
 
$116,357
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
$64,279
 
$64,800
 
-$521
 
12/31/2012
     
$130,330
 
$50,764
 
$79,566
 
12/31/2013
     
$130,870
 
$41,865
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
$2,191,419
 
$635,255
 
$1,556,164
 
12/31/2012
 
10.0%
 
$2,212,417
 
$626,110
 
$1,586,307
 
12/31/2013
 
10.2%
 
$2,246,774
 
$573,621
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
$1,859,905
 
$812,820
 
$1,047,085
 
12/31/2012
 
7.1%
 
$2,064,356
 
$838,219
 
$1,226,137
 
12/31/2013
 
8.3%
 
$2,209,475
 
$890,950
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
$717,742
 
$277,778
 
$439,964
 
12/31/2012
     
$857,248
 
$311,933
 
$545,315
 
12/31/2013
     
$925,069
 
$368,923
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
$700,042
 
$316,143
 
$383,899
 
12/31/2012
     
$745,503
 
$314,091
 
$431,412
 
12/31/2013
     
$808,603
 
$315,438
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
$442,121
 
$218,899
 
$223,221
 
12/31/2012
     
$461,605
 
$212,195
 
$249,410
 
12/31/2013
     
$475,803
 
$206,589
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
$4,334,833
 
$2,635,285
 
$1,699,548
 
12/31/2012
 
12.3%
 
$4,771,305
 
$2,957,437
 
$1,813,868
 
12/31/2013
 
13.1%
 
$5,020,091
 
$3,072,279
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
$1,380,125
 
$54,848
 
$1,325,277
 
12/31/2012
 
9.8%
 
$1,380,125
 
$59,327
 
$1,320,798
 
12/31/2013
 
9.8%
 
$1,391,666
 
$58,876
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
$3,192,462
 
$1,772,775
 
$1,419,687
 
12/31/2012
 
12.2%
 
$3,150,478
 
$1,727,554
 
$1,422,923
 
12/31/2013
 
12.2%
 
$3,533,577
 
$1,948,869
Loan
     
19
 
Commerce Green One
 
1.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
$1,972,324
 
$929,390
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
$243,051
 
$467,239
 
-$224,188
 
12/31/2012
 
-2.1%
 
$785,303
 
$486,956
 
$298,347
 
12/31/2013
 
2.8%
 
$1,292,473
 
$545,250
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
$1,401,361
 
$583,922
 
$817,439
 
7/31/2013 TTM
 
7.7%
 
$1,535,088
 
$643,293
 
$891,795
 
7/31/2014 TTM
 
8.5%
 
$1,534,189
 
$622,059
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
$1,940,039
 
$952,799
 
$987,240
 
8/31/2013
 
9.9%
 
$1,991,673
 
$949,967
 
$1,041,706
 
8/31/2014
 
10.4%
 
$2,031,120
 
$952,198
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
$1,225,145
 
$180,297
 
$1,044,848
 
12/31/2012
 
10.5%
 
$1,290,051
 
$163,707
 
$1,126,344
 
12/31/2013
 
11.3%
 
$1,321,208
 
$176,716
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
$1,248,420
 
$242,944
 
$1,005,476
 
12/31/2012
 
10.2%
 
$1,285,489
 
$320,709
 
$964,780
 
12/31/2013
 
9.8%
 
$1,331,547
 
$263,139
Loan
     
25
 
River Bend Station
 
1.1%
 
$1,012,527
 
$280,265
 
$732,262
 
12/31/2012
 
8.0%
 
$1,029,986
 
$292,688
 
$737,298
 
12/31/2013
 
8.0%
 
$1,069,833
 
$319,734
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
$1,142,457
 
$310,589
 
$831,868
 
12/31/2012
 
9.1%
 
$1,111,380
 
$352,137
 
$759,242
 
12/31/2013
 
8.3%
 
$1,199,046
 
$367,502
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
$1,041,172
 
$763,785
 
$277,387
 
12/31/2012
 
3.1%
 
$1,115,211
 
$747,554
 
$367,657
 
12/31/2013
 
4.1%
 
$1,319,942
 
$797,765
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
 
N/A
 
N/A
     
N/A
 
N/A
Loan
     
29
 
Dolfield A - D
 
1.0%
 
$1,396,962
 
$437,837
 
$959,125
 
12/31/2012
 
10.8%
 
$1,479,013
 
$478,757
 
$1,000,256
 
12/31/2013
 
11.2%
 
$1,535,077
 
$547,563
Loan
     
30
 
Liberty Maynard
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
$911,347
 
$270,372
 
$640,975
 
12/31/2012
 
7.8%
 
$933,523
 
$291,412
 
$642,111
 
12/31/2013
 
7.8%
 
$1,064,532
 
$255,714
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
$578,090
 
$161,792
 
$416,298
 
12/31/2012
     
$597,032
 
$172,519
 
$424,513
 
12/31/2013
     
$675,890
 
$156,344
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
$333,257
 
$108,580
 
$224,677
 
12/31/2012
     
$336,491
 
$118,893
 
$217,598
 
12/31/2013
     
$388,642
 
$99,370
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
$781,924
 
$319,854
 
$462,070
 
12/31/2012
 
5.6%
 
$763,099
 
$330,050
 
$433,048
 
12/31/2013
 
5.3%
 
$713,777
 
$346,828
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
$657,600
 
$12,744
 
$644,856
 
12/31/2011
 
7.9%
 
$657,600
 
$17,882
 
$639,718
 
12/31/2012
 
7.8%
 
$657,600
 
$19,859
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
$2,020,269
 
$1,130,006
 
$890,263
 
12/31/2011
 
11.1%
 
$1,958,886
 
$1,010,262
 
$948,624
 
12/31/2012
 
11.9%
 
$1,991,406
 
$1,264,348
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
$1,355,619
 
$553,535
 
$802,084
 
12/31/2012
 
10.2%
 
$1,073,618
 
$454,686
 
$618,932
 
12/31/2013
 
7.8%
 
$1,027,063
 
$367,251
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
$1,079,878
 
$416,975
 
$662,903
 
12/31/2012
     
$727,014
 
$318,057
 
$408,957
 
12/31/2013
     
$690,743
 
$237,798
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
$275,741
 
$136,560
 
$139,181
 
12/31/2012
     
$346,604
 
$136,629
 
$209,975
 
12/31/2013
     
$336,320
 
$129,453
Loan
     
36
 
Neptune Plaza
 
0.9%
 
$1,081,631
 
$435,922
 
$645,709
 
12/31/2012
 
8.3%
 
$1,074,718
 
$427,493
 
$647,225
 
12/31/2013
 
8.3%
 
$979,232
 
$447,234
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
$5,969,199
 
$4,409,769
 
$1,559,430
 
12/31/2012
 
20.5%
 
$6,690,550
 
$4,662,929
 
$2,027,621
 
12/31/2013
 
26.7%
 
$7,490,782
 
$5,010,271
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
$1,282,230
 
$734,353
 
$547,877
 
12/31/2012
 
7.3%
 
$1,493,266
 
$725,786
 
$767,480
 
12/31/2013
 
10.2%
 
$1,464,744
 
$764,119
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
$1,538,328
 
$774,408
 
$763,920
 
12/31/2012
 
10.9%
 
$1,717,212
 
$888,499
 
$828,713
 
12/31/2013
 
11.8%
 
$1,911,606
 
$929,705
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
$702,606
 
$165,318
 
$537,288
 
12/31/2012
 
8.0%
 
$729,472
 
$180,540
 
$548,932
 
12/31/2013
 
8.2%
 
$763,309
 
$188,938
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
$921,940
 
$369,240
 
$552,700
 
12/31/2012
 
8.5%
 
$1,069,872
 
$417,293
 
$652,579
 
12/31/2013
 
10.0%
 
$1,095,262
 
$460,474
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
$667,126
 
$266,149
 
$400,977
 
12/31/2012
     
$757,996
 
$297,567
 
$460,429
 
12/31/2013
     
$784,679
 
$337,402
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
$254,814
 
$103,091
 
$151,723
 
12/31/2012
     
$311,876
 
$119,726
 
$192,150
 
12/31/2013
     
$310,583
 
$123,072
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
 
I-13

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                               
                                                                 
                   
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Third Most
Recent Revenues
 
Third Most
Recent Expenses
 
Third Most
Recent NOI
 
Third
Most Recent
NOI Date
 
Third Most
Recent NOI
Debt Yield
 
Second Most
 Recent Revenues
 
Second Most
 Recent Expenses
 
Second Most
 Recent NOI
 
Second
Most Recent
NOI Date
 
Second Most
Recent NOI
Debt Yield
 
Most
 Recent Revenues
 
Most
 Recent Expenses
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
$1,316,835
 
$786,057
 
$530,778
 
12/31/2012
 
8.7%
 
$1,462,729
 
$832,189
 
$630,540
 
12/31/2013
 
10.3%
 
$1,481,491
 
$781,854
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
$933,856
 
$522,661
 
$411,195
 
12/31/2012
     
$1,029,392
 
$558,145
 
$471,247
 
12/31/2013
     
$1,023,855
 
$536,731
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
$382,979
 
$263,396
 
$119,582
 
12/31/2012
     
$433,337
 
$274,044
 
$159,293
 
12/31/2013
     
$457,636
 
$245,123
Loan
     
45
 
Village at Old Trace
 
0.7%
 
$604,609
 
$184,178
 
$420,432
 
12/31/2012
 
6.9%
 
$698,212
 
$198,264
 
$499,948
 
12/31/2013
 
8.2%
 
$820,033
 
$218,686
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
$964,799
 
$502,545
 
$462,254
 
12/31/2012
 
7.9%
 
$1,183,503
 
$509,374
 
$674,129
 
12/31/2013
 
11.5%
 
$1,141,738
 
$531,080
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
$593,282
 
$106,790
 
$486,492
 
12/31/2012
 
8.8%
 
$549,547
 
$106,337
 
$443,210
 
12/31/2013
 
8.1%
 
$516,115
 
$111,306
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
$858,467
 
$388,210
 
$470,257
 
12/31/2012
 
8.8%
 
$897,085
 
$410,987
 
$486,098
 
12/31/2013
 
9.1%
 
$903,417
 
$420,220
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
$952,233
 
$362,351
 
$589,882
 
12/31/2012
 
11.1%
 
$840,094
 
$355,450
 
$484,644
 
12/31/2013
 
9.2%
 
$857,004
 
$334,593
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
$870,185
 
$432,270
 
$437,915
 
12/31/2012
 
8.3%
 
$883,365
 
$427,838
 
$455,527
 
12/31/2013
 
8.7%
 
$924,669
 
$451,500
Loan
     
51
 
Riverview Commons
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
$558,622
 
$233,345
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
$485,004
 
$145,531
 
$339,473
 
12/31/2012
 
6.9%
 
$706,995
 
$144,804
 
$562,191
 
12/31/2013
 
11.5%
 
$824,217
 
$155,573
Loan
     
53
 
Empire Hu
 
0.5%
 
$542,974
 
$183,942
 
$359,032
 
12/31/2012
 
7.8%
 
$587,285
 
$214,239
 
$373,046
 
12/31/2013
 
8.1%
 
$671,487
 
$220,985
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
$350,000
 
$0
Loan
     
55
 
Stone Oak Square
 
0.4%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
$475,834
 
$146,261
 
$329,573
 
12/31/2013
 
8.7%
 
$539,583
 
$136,801
Loan
     
56
 
Shops at Town Center
 
0.3%
 
$510,835
 
$86,841
 
$423,994
 
12/31/2012
 
14.1%
 
$502,862
 
$114,940
 
$387,922
 
12/31/2013
 
12.9%
 
$505,102
 
$124,925
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
$1,049,362
 
$660,848
 
$388,514
 
12/31/2012
 
13.0%
 
$1,011,828
 
$714,149
 
$297,679
 
12/31/2013
 
9.9%
 
$1,203,318
 
$639,518
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
$320,000
 
$6,419
 
$313,581
 
12/31/2011
 
10.7%
 
$320,000
 
$7,252
 
$312,748
 
12/31/2012
 
10.7%
 
$320,000
 
$4,412
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
$439,774
 
$178,205
 
$261,569
 
12/31/2012
 
9.0%
 
$443,410
 
$189,371
 
$254,039
 
12/31/2013
 
8.8%
 
$462,869
 
$188,384
Loan
     
60
 
Broadway Corners
 
0.3%
 
$380,380
 
$146,756
 
$233,624
 
12/31/2012
 
8.1%
 
$331,483
 
$124,370
 
$207,113
 
12/31/2013
 
7.1%
 
$371,593
 
$138,754
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
$567,922
 
$334,594
 
$233,327
 
12/31/2012
 
10.0%
 
$565,189
 
$354,015
 
$211,174
 
12/31/2013
 
9.1%
 
$571,779
 
$381,558
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
$317,000
 
$8,134
 
$308,866
 
12/31/2011
 
14.1%
 
$317,000
 
$7,598
 
$309,402
 
12/31/2012
 
14.1%
 
$317,000
 
$415
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
$100,182
 
$68,361
 
$31,821
 
12/31/2012
 
1.6%
 
$211,031
 
$67,208
 
$143,823
 
12/31/2013
 
7.0%
 
$197,137
 
$66,791
 
 
I-14

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                           
                                                                 
                   
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Most
Recent NOI
 
Most
Recent
NOI Date
 
Most
Recent NOI
Debt Yield
 
UW
Occupancy
 
UW EGI
 
UW
Expenses
 
UW NOI
 
UW NOI
Debt Yield
 
UW
Replacement
Reserves
 
UW TI/LC
 
UW NCF
 
UW NCF
Debt Yield
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
$13,165,354
 
12/31/2014
 
10.5%
 
93.2%
 
$22,142,723
 
$8,506,873
 
$13,635,849
 
10.9%
 
$310,923
 
$485,785
 
$12,839,141
 
10.3%
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
$18,178,048
 
12/31/2013
 
20.2%
 
85.2%
 
$24,515,915
 
$8,660,254
 
$15,855,660
 
17.6%
 
$103,551
 
$261,705
 
$15,855,660
 
17.6%
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
$17,057,443
 
11/30/2014 TTM
 
10.0%
 
95.1%
 
$28,635,994
 
$7,681,028
 
$20,954,966
 
12.3%
 
$321,955
 
$1,062,865
 
$19,570,146
 
11.5%
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
$7,360,682
 
10/31/2014 TTM
 
13.4%
 
73.2%
 
$21,714,338
 
$14,381,919
 
$7,332,419
 
13.4%
 
$1,085,717
 
$0
 
$6,246,702
 
11.4%
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
$4,059,973
 
10/31/2014 TTM
     
83.7%
 
$12,841,567
 
$8,782,663
 
$4,058,904
     
$642,078
 
$0
 
$3,416,826
   
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
$1,817,445
 
10/31/2014 TTM
     
67.5%
 
$4,231,831
 
$2,434,992
 
$1,796,839
     
$211,592
 
$0
 
$1,585,247
   
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
$1,483,264
 
10/31/2014 TTM
     
68.4%
 
$4,640,940
 
$3,164,264
 
$1,476,676
     
$232,047
 
$0
 
$1,244,629
   
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
N/A
 
N/A
 
N/A
 
96.7%
 
$5,488,183
 
$1,748,801
 
$3,739,382
 
7.6%
 
$17,702
 
$128,334
 
$3,593,346
 
7.3%
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
$3,461,272
 
10/31/2014 TTM
 
7.9%
 
95.0%
 
$5,640,696
 
$2,174,082
 
$3,466,614
 
7.9%
 
$163,164
 
$0
 
$3,466,614
 
7.9%
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
$3,743,737
 
10/31/2014 TTM
 
9.8%
 
89.4%
 
$5,394,493
 
$1,388,573
 
$4,005,920
 
10.5%
 
$36,648
 
$215,574
 
$3,753,699
 
9.8%
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
$4,162,885
 
10/31/2014 TTM
 
13.5%
 
82.3%
 
$6,173,587
 
$2,005,133
 
$4,168,454
 
13.5%
 
$118,359
 
$0
 
$4,050,095
 
13.1%
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
$639,143
 
10/31/2014 TTM
     
79.0%
 
$1,017,025
 
$403,118
 
$613,907
     
$27,090
 
$0
 
$586,817
   
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
$382,389
 
10/31/2014 TTM
     
61.0%
 
$704,124
 
$291,851
 
$412,273
     
$16,592
 
$0
 
$395,681
   
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
$475,861
 
10/31/2014 TTM
     
88.1%
 
$650,451
 
$174,707
 
$475,744
     
$13,267
 
$0
 
$462,477
   
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
$469,234
 
10/31/2014 TTM
     
95.0%
 
$596,240
 
$145,333
 
$450,907
     
$10,209
 
$0
 
$440,698
   
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
$504,398
 
10/31/2014 TTM
     
84.8%
 
$674,730
 
$180,328
 
$494,402
     
$8,666
 
$0
 
$485,736
   
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
$361,047
 
10/31/2014 TTM
     
87.0%
 
$548,194
 
$191,359
 
$356,835
     
$7,663
 
$0
 
$349,172
   
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
$352,219
 
10/31/2014 TTM
     
94.0%
 
$500,367
 
$157,350
 
$343,017
     
$8,615
 
$0
 
$334,402
   
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
$282,344
 
10/31/2014 TTM
     
90.0%
 
$392,886
 
$97,031
 
$295,855
     
$5,033
 
$0
 
$290,822
   
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
$241,037
 
10/31/2014 TTM
     
89.0%
 
$391,071
 
$128,501
 
$262,569
     
$7,293
 
$0
 
$255,276
   
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
$262,808
 
10/31/2014 TTM
     
84.0%
 
$391,810
 
$136,057
 
$255,753
     
$6,342
 
$0
 
$249,411
   
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
$192,405
 
10/31/2014 TTM
     
81.0%
 
$306,689
 
$99,496
 
$207,193
     
$7,590
 
$0
 
$199,603
   
Loan
     
9
 
Briarwood Office
 
2.9%
 
$1,328,707
 
9/30/2014 TTM
 
5.3%
 
91.0%
 
$4,197,561
 
$1,718,911
 
$2,478,649
 
9.9%
 
$49,760
 
$238,432
 
$2,330,458
 
9.3%
Loan
 
12
 
10
 
International Park
 
2.7%
 
$2,130,124
 
8/31/2014 TTM
 
8.9%
 
93.3%
 
$4,221,604
 
$1,642,986
 
$2,578,617
 
10.8%
 
$38,952
 
$227,355
 
$2,312,310
 
9.7%
Loan
     
11
 
Headquarters Village
 
2.2%
 
$2,014,270
 
9/30/2014 TTM
 
10.6%
 
84.3%
 
$2,822,233
 
$1,034,920
 
$1,787,312
 
9.4%
 
$12,808
 
$100,702
 
$1,673,802
 
8.8%
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
$1,859,884
 
9/30/2014 TTM
 
9.8%
 
94.0%
 
$2,698,056
 
$822,169
 
$1,875,887
 
9.9%
 
$51,885
 
$134,186
 
$1,689,816
 
8.9%
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
$1,419,716
 
7/31/2014 YTD Ann.
 
8.6%
 
86.5%
 
$2,454,289
 
$782,480
 
$1,671,809
 
10.1%
 
$43,828
 
$169,036
 
$1,458,945
 
8.8%
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
$513,018
 
7/31/2014 YTD Ann.
     
83.1%
 
$1,013,535
 
$352,292
 
$661,243
     
$13,482
 
$42,372
 
$605,389
   
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
$340,237
 
7/31/2014 YTD Ann.
     
90.3%
 
$428,377
 
$123,691
 
$304,686
     
$5,645
 
$23,285
 
$275,757
   
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
$157,479
 
7/31/2014 YTD Ann.
     
94.4%
 
$350,387
 
$88,518
 
$261,869
     
$3,315
 
$20,774
 
$237,780
   
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
$148,322
 
7/31/2014 YTD Ann.
     
79.4%
 
$212,888
 
$85,056
 
$127,832
     
$1,276
 
$14,549
 
$112,008
   
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
$171,655
 
7/31/2014 YTD Ann.
     
93.3%
 
$313,685
 
$87,871
 
$225,813
     
$19,127
 
$57,382
 
$149,304
   
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
$89,005
 
7/31/2014 YTD Ann.
     
81.5%
 
$135,416
 
$45,051
 
$90,365
     
$982
 
$10,675
 
$78,708
   
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
$1,673,152
 
12/31/2014
 
10.8%
 
100.0%
 
$2,368,820
 
$582,813
 
$1,786,007
 
11.5%
 
$25,596
 
$0
 
$1,760,411
 
11.4%
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
$1,318,525
 
10/31/2014 TTM
 
8.9%
 
81.9%
 
$2,209,475
 
$850,880
 
$1,358,595
 
9.2%
 
$24,093
 
$0
 
$1,334,502
 
9.0%
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
$556,145
 
10/31/2014 TTM
     
82.1%
 
$925,069
 
$316,612
 
$608,457
     
$8,717
 
$0
 
$599,740
   
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
$493,165
 
10/31/2014 TTM
     
82.3%
 
$808,603
 
$320,025
 
$488,578
     
$11,250
 
$0
 
$477,328
   
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
$269,214
 
10/31/2014 TTM
     
82.3%
 
$475,803
 
$214,242
 
$261,560
     
$4,126
 
$0
 
$257,435
   
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
$1,947,812
 
11/30/2014 TTM
 
14.1%
 
61.3%
 
$5,020,091
 
$3,435,579
 
$1,584,512
 
11.5%
 
$200,804
 
$0
 
$1,383,708
 
10.0%
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
$1,332,790
 
11/30/2014 YTD Ann.
 
9.9%
 
95.0%
 
$1,439,898
 
$45,197
 
$1,394,701
 
10.3%
 
$3,814
 
$67,706
 
$1,323,181
 
9.8%
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
$1,584,708
 
10/31/2014 TTM
 
13.6%
 
80.0%
 
$3,337,046
 
$1,847,973
 
$1,489,073
 
12.8%
 
$133,482
 
$0
 
$1,355,591
 
11.7%
Loan
     
19
 
Commerce Green One
 
1.3%
 
$1,042,934
 
11/30/2014 YTD Ann.
 
9.2%
 
82.1%
 
$2,111,847
 
$1,008,144
 
$1,103,703
 
9.7%
 
$22,013
 
$126,888
 
$954,802
 
8.4%
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
$747,222
 
9/30/2014 YTD Ann.
 
7.0%
 
100.0%
 
$1,441,616
 
$532,899
 
$908,717
 
8.6%
 
$10,266
 
$68,443
 
$830,008
 
7.8%
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
$912,130
 
10/31/2014 TTM
 
8.6%
 
80.1%
 
$1,548,962
 
$621,163
 
$927,799
 
8.8%
 
$33,600
 
$0
 
$894,199
 
8.5%
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
$1,078,922
 
10/31/2014 TTM
 
10.8%
 
94.2%
 
$2,031,121
 
$1,004,158
 
$1,026,963
 
10.3%
 
$92,152
 
$0
 
$934,811
 
9.4%
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
$1,144,492
 
9/30/2014 TTM
 
11.5%
 
92.5%
 
$1,200,402
 
$149,863
 
$1,050,539
 
10.5%
 
$10,967
 
$73,993
 
$965,579
 
9.7%
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
$1,068,408
 
10/31/2014 YTD Ann.
 
10.9%
 
95.0%
 
$1,390,649
 
$263,120
 
$1,127,529
 
11.5%
 
$15,294
 
$61,440
 
$1,050,795
 
10.7%
Loan
     
25
 
River Bend Station
 
1.1%
 
$750,099
 
8/30/2014 TTM
 
8.2%
 
93.0%
 
$1,259,666
 
$314,733
 
$944,933
 
10.3%
 
$19,854
 
$57,155
 
$867,924
 
9.4%
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
$831,545
 
8/30/2014 TTM
 
9.1%
 
88.1%
 
$1,281,583
 
$422,329
 
$859,254
 
9.4%
 
$31,005
 
$83,631
 
$754,618
 
8.3%
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
$522,177
 
11/30/2014 TTM
 
5.8%
 
84.0%
 
$1,655,727
 
$818,375
 
$837,352
 
9.3%
 
$18,880
 
$70,799
 
$747,673
 
8.3%
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
N/A
 
N/A
 
N/A
 
97.6%
 
$1,118,909
 
$32,658
 
$1,086,250
 
12.1%
 
$20,035
 
$43,012
 
$1,023,203
 
11.4%
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
N/A
 
N/A
     
100.0%
 
$106,286
 
$3,029
 
$103,257
     
$1,872
 
$0
 
$101,385
   
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
N/A
 
N/A
     
100.0%
 
$104,423
 
$2,976
 
$101,447
     
$1,861
 
$0
 
$99,586
   
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
N/A
 
N/A
     
95.0%
 
$107,530
 
$3,226
 
$104,304
     
$1,538
 
$9,410
 
$93,356
   
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
N/A
 
N/A
     
95.0%
 
$98,924
 
$2,968
 
$95,957
     
$1,412
 
$8,103
 
$86,441
   
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
N/A
 
N/A
     
95.0%
 
$90,789
 
$2,724
 
$88,065
     
$1,290
 
$7,400
 
$79,375
   
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
N/A
 
N/A
     
100.0%
 
$84,675
 
$2,413
 
$82,262
     
$1,365
 
$0
 
$80,897
   
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
N/A
 
N/A
     
100.0%
 
$82,711
 
$2,357
 
$80,353
     
$1,354
 
$0
 
$78,999
   
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
N/A
 
N/A
     
100.0%
 
$80,121
 
$2,283
 
$77,837
     
$1,354
 
$0
 
$76,483
   
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
N/A
 
N/A
     
100.0%
 
$76,828
 
$2,190
 
$74,638
     
$1,365
 
$0
 
$73,273
   
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
N/A
 
N/A
     
95.0%
 
$79,654
 
$2,390
 
$77,265
     
$1,807
 
$6,564
 
$68,894
   
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
N/A
 
N/A
     
95.0%
 
$77,243
 
$2,317
 
$74,926
     
$1,142
 
$6,433
 
$67,351
   
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
N/A
 
N/A
     
100.0%
 
$70,838
 
$2,019
 
$68,819
     
$1,365
 
$0
 
$67,454
   
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
N/A
 
N/A
     
95.0%
 
$58,888
 
$1,767
 
$57,121
     
$2,310
 
$5,102
 
$49,709
   
Loan
     
29
 
Dolfield A - D
 
1.0%
 
$987,514
 
10/31/2014 TTM
 
11.1%
 
82.3%
 
$1,407,680
 
$469,919
 
$937,762
 
10.5%
 
$17,097
 
$170,969
 
$749,696
 
8.4%
Loan
     
30
 
Liberty Maynard
 
0.9%
 
N/A
 
N/A
 
N/A
 
95.0%
 
$1,521,236
 
$799,229
 
$722,007
 
8.8%
 
$7,102
 
$47,344
 
$667,561
 
8.1%
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
$808,818
 
12/31/2014 T-6 Ann.
 
9.8%
 
94.3%
 
$1,089,150
 
$299,400
 
$789,750
 
9.6%
 
$10,250
 
$0
 
$779,500
 
9.4%
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
$519,546
 
12/31/2014 T-6 Ann.
     
97.0%
 
$693,850
 
$175,657
 
$518,193
     
$6,250
 
$0
 
$511,943
   
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
$289,272
 
12/31/2014 T-6 Ann.
     
90.0%
 
$395,300
 
$123,743
 
$271,557
     
$4,000
 
$0
 
$267,557
   
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
$366,949
 
11/30/2014
 
4.5%
 
93.0%
 
$1,119,740
 
$344,242
 
$775,499
 
9.5%
 
$12,664
 
$68,467
 
$694,368
 
8.5%
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
$637,741
 
12/31/2013
 
7.8%
 
95.0%
 
$704,669
 
$21,140
 
$683,529
 
8.3%
 
$8,220
 
$27,400
 
$647,909
 
7.9%
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
$727,058
 
12/31/2013
 
9.1%
 
95.0%
 
$2,156,244
 
$1,091,147
 
$1,065,097
 
13.3%
 
$91,490
 
$31,449
 
$942,157
 
11.8%
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
$659,812
 
12/5/2014 YTD
 
8.4%
 
92.2%
 
$1,218,030
 
$503,406
 
$714,624
 
9.1%
 
$15,756
 
$65,783
 
$633,085
 
8.0%
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
$452,945
 
12/5/2014 YTD
     
91.9%
 
$829,566
 
$344,211
 
$485,355
     
$12,607
 
$46,693
 
$426,055
   
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
$206,867
 
12/5/2014 YTD
     
92.9%
 
$388,464
 
$159,195
 
$229,269
     
$3,148
 
$19,090
 
$207,031
   
Loan
     
36
 
Neptune Plaza
 
0.9%
 
$531,998
 
9/30/2014 TTM
 
6.8%
 
91.7%
 
$1,166,797
 
$444,633
 
$722,164
 
9.3%
 
$14,550
 
$42,713
 
$664,901
 
8.5%
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
$2,480,511
 
10/31/2014
 
32.6%
 
85.0%
 
$7,007,082
 
$4,773,993
 
$2,233,089
 
29.4%
 
$280,283
 
$0
 
$1,952,806
 
25.7%
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
$700,625
 
10/31/2014 TTM
 
9.3%
 
91.3%
 
$1,510,919
 
$800,484
 
$710,435
 
9.5%
 
$50,000
 
$0
 
$660,435
 
8.8%
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
N/A
 
N/A
 
N/A
 
92.5%
 
$964,839
 
$308,797
 
$656,042
 
9.0%
 
$6,994
 
$25,856
 
$623,192
 
8.5%
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
$981,901
 
11/30/2014 TTM
 
14.0%
 
71.3%
 
$1,911,606
 
$1,042,531
 
$869,075
 
12.4%
 
$76,464
 
$0
 
$792,611
 
11.3%
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
$574,371
 
9/30/2014 TTM
 
8.6%
 
94.0%
 
$761,521
 
$191,421
 
$570,100
 
8.5%
 
$2,337
 
$27,770
 
$539,992
 
8.1%
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
$634,788
 
11/30/2014 TTM
 
9.8%
 
89.1%
 
$1,094,794
 
$442,295
 
$652,499
 
10.0%
 
$42,697
 
$38,713
 
$571,089
 
8.8%
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
$447,277
 
11/30/2014 TTM
     
89.4%
 
$789,110
 
$321,134
 
$467,976
     
$38,510
 
$27,793
 
$401,673
   
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
$187,511
 
11/30/2014 TTM
     
88.3%
 
$305,683
 
$121,160
 
$184,523
     
$4,187
 
$10,921
 
$169,415
   
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
N/A
 
N/A
 
N/A
 
100.0%
 
$525,000
 
$15,750
 
$509,250
 
8.3%
 
$3,186
 
$0
 
$506,064
 
8.3%
 
 
I-15

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                               
                                                                 
                   
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Most
Recent NOI
 
Most
Recent
NOI Date
 
Most
Recent NOI
Debt Yield
 
UW
Occupancy
 
UW EGI
 
UW
Expenses
 
UW NOI
 
UW NOI
Debt Yield
 
UW
Replacement
Reserves
 
UW TI/LC
 
UW NCF
 
UW NCF
Debt Yield
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
$699,638
 
10/31/2014 TTM
 
11.5%
 
95.0%
 
$1,526,267
 
$850,252
 
$676,015
 
11.1%
 
$62,700
 
$0
 
$613,315
 
10.0%
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
$487,124
 
10/31/2014 TTM
     
95.0%
 
$1,061,674
 
$583,135
 
$478,539
     
$43,800
 
$0
 
$434,739
   
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
$212,513
 
10/31/2014 TTM
     
95.0%
 
$464,593
 
$267,117
 
$197,475
     
$18,900
 
$0
 
$178,575
   
Loan
     
45
 
Village at Old Trace
 
0.7%
 
$601,347
 
9/30/2014 TTM
 
9.9%
 
89.8%
 
$846,664
 
$219,192
 
$627,472
 
10.3%
 
$6,148
 
$44,264
 
$577,061
 
9.5%
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
$610,658
 
12/31/2014
 
10.4%
 
97.9%
 
$1,097,816
 
$503,713
 
$594,103
 
10.2%
 
$15,768
 
$8,931
 
$569,405
 
9.7%
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
$404,809
 
11/30/2014 TTM
 
7.4%
 
94.5%
 
$639,530
 
$142,798
 
$496,732
 
9.0%
 
$4,223
 
$37,657
 
$454,852
 
8.3%
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
$483,197
 
10/31/2014 TTM
 
9.1%
 
94.5%
 
$911,488
 
$405,483
 
$506,005
 
9.5%
 
$43,181
 
$0
 
$462,824
 
8.7%
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
$522,411
 
8/31/2014 TTM
 
9.9%
 
89.0%
 
$936,016
 
$344,204
 
$591,812
 
11.2%
 
$13,168
 
$39,376
 
$539,268
 
10.2%
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
$473,169
 
10/31/2014 TTM
 
9.0%
 
94.5%
 
$926,097
 
$434,219
 
$491,878
 
9.4%
 
$38,217
 
$0
 
$453,661
 
8.6%
Loan
     
51
 
Riverview Commons
 
0.6%
 
$325,277
 
10/31/2014 TTM
 
6.4%
 
95.6%
 
$719,088
 
$301,637
 
$417,451
 
8.2%
 
$15,162
 
$0
 
$402,289
 
7.9%
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
$668,644
 
9/30/2014 YTD Ann.
 
13.6%
 
95.0%
 
$838,030
 
$200,323
 
$637,707
 
13.0%
 
$13,071
 
$46,013
 
$578,623
 
11.8%
Loan
     
53
 
Empire Hu
 
0.5%
 
$450,502
 
10/31/2014 TTM
 
9.8%
 
89.9%
 
$666,376
 
$217,213
 
$449,163
 
9.7%
 
$15,008
 
$29,715
 
$404,440
 
8.8%
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
$350,000
 
12/31/2013
 
8.0%
 
97.0%
 
$339,500
 
$6,790
 
$332,710
 
7.6%
 
$0
 
$0
 
$332,710
 
7.6%
Loan
     
55
 
Stone Oak Square
 
0.4%
 
$402,782
 
10/31/2014 YTD Ann.
 
10.6%
 
94.0%
 
$516,087
 
$152,210
 
$363,876
 
9.6%
 
$5,149
 
$31,540
 
$327,186
 
8.6%
Loan
     
56
 
Shops at Town Center
 
0.3%
 
$380,177
 
9/30/2014 TTM
 
12.7%
 
95.0%
 
$399,604
 
$111,396
 
$288,208
 
9.6%
 
$2,156
 
$12,033
 
$274,019
 
9.1%
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
$563,800
 
11/30/2014 TTM
 
18.8%
 
92.0%
 
$1,181,728
 
$750,725
 
$431,003
 
14.4%
 
$52,748
 
$0
 
$378,255
 
12.6%
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
$315,588
 
12/31/2013
 
10.8%
 
97.0%
 
$310,400
 
$6,208
 
$304,192
 
10.4%
 
$0
 
$0
 
$304,192
 
10.4%
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
$274,485
 
10/31/2014 TTM
 
9.5%
 
94.3%
 
$477,048
 
$186,455
 
$290,593
 
10.0%
 
$21,455
 
$0
 
$269,138
 
9.3%
Loan
     
60
 
Broadway Corners
 
0.3%
 
$232,839
 
9/30/2014 TTM
 
8.0%
 
95.0%
 
$404,542
 
$130,622
 
$273,920
 
9.5%
 
$3,567
 
$17,423
 
$252,930
 
8.7%
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
N/A
 
N/A
 
N/A
 
100.0%
 
$347,824
 
$78,164
 
$269,660
 
9.7%
 
$2,852
 
$0
 
$266,808
 
9.6%
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
$190,221
 
9/30/2014 TTM
 
8.2%
 
92.1%
 
$571,779
 
$363,838
 
$207,942
 
9.0%
 
$18,649
 
$0
 
$189,292
 
8.2%
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
$316,585
 
12/31/2013
 
14.5%
 
97.0%
 
$307,490
 
$6,150
 
$301,340
 
13.8%
 
$0
 
$0
 
$301,340
 
13.8%
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
$130,346
 
12/31/2014
 
6.4%
 
91.2%
 
$289,438
 
$76,150
 
$213,288
 
10.4%
 
$2,725
 
$13,563
 
$197,000
 
9.6%
 
 
I-16

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                   
                                                 
                   
LARGEST TENANT INFORMATION
 
2ND LARGEST TENANT INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Largest Tenant
 
Largest
Tenant Lease
Expiration
 
Largest
Tenant NSF
 
Largest
Tenant
% of NSF
 
2nd Largest Tenant
 
2nd Largest
Tenant Lease
Expiration
 
2nd Largest
Tenant NSF
 
2nd Largest
Tenant
% of NSF
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
Macy’s Swim and Junior
 
12/31/2105
 
57,469
 
10.0%
 
Dick’s Sporting Goods
 
1/31/2024
 
46,718
 
8.2%
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
Latham & Watkins
 
1/31/2031
 
240,593
 
58.1%
 
Landmark Theaters
 
1/31/2019
 
40,000
 
9.7%
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
Kofax, Inc.
 
4/30/2016
 
91,159
 
7.1%
 
State Street Bank
 
6/30/2019
 
75,960
 
5.9%
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
                               
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
Walmart
 
7/27/2034
 
112,534
 
48.2%
 
LA Fitness
 
9/30/2029
 
55,000
 
23.6%
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
Ross Stores
 
1/31/2018
 
25,000
 
11.6%
 
Fresh & Easy
 
7/31/2027
 
20,000
 
9.3%
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
                               
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
9
 
Briarwood Office
 
2.9%
 
Trulia
 
10/31/2021
 
64,908
 
31.3%
 
United Healthcare Services
 
10/31/2017
 
46,017
 
22.2%
Loan
 
12
 
10
 
International Park
 
2.7%
 
Command Alkon, Inc.
 
7/31/2019
 
44,782
 
21.2%
 
Hoffman Media, Inc.
 
2/28/2022
 
31,920
 
15.1%
Loan
     
11
 
Headquarters Village
 
2.2%
 
Superior Abstract & Title
 
2/28/2017
 
10,875
 
12.2%
 
WCI Consulting
 
1/31/2018
 
8,080
 
9.1%
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
Toys ‘R’ Us
 
1/31/2021
 
47,240
 
26.4%
 
RAC For Women
 
6/30/2025
 
21,037
 
11.8%
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
                               
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
Dollar Tree
 
9/30/2015
 
8,000
 
12.5%
 
Rue 21
 
1/31/2020
 
6,000
 
9.3%
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
Peebles
 
10/31/2019
 
18,000
 
51.0%
 
Shoe Show
 
11/30/2018
 
4,480
 
12.7%
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
Dollar Tree
 
9/30/2018
 
8,000
 
36.2%
 
Baylor Scott & White
 
6/30/2020
 
5,000
 
22.6%
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
City Doc
 
2/28/2018
 
2,582
 
30.4%
 
Planet Beach
 
2/28/2025
 
1,910
 
22.5%
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
Orsheln Farm & Home
 
1/31/2017
 
40,832
 
47.0%
 
Save-A-Lot
 
2/28/2017
 
16,000
 
18.4%
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
Value Dental
 
10/31/2022
 
2,500
 
38.2%
 
Cash Store
 
6/30/2020
 
1,507
 
23.0%
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
Verizon Wireless
 
10/31/2019
 
170,647
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
                               
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
Talbots
 
1/31/2020
 
19,072
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
19
 
Commerce Green One
 
1.3%
 
Fiserv
 
2/28/2018
 
19,671
 
17.9%
 
BusinessSuites
 
2/28/2022
 
16,371
 
14.9%
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
Element Payment Services, Inc.
 
8/13/2020
 
26,299
 
38.4%
 
Broadcom Corporation
 
9/11/2017
 
24,170
 
35.3%
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
Peak 10
 
7/31/2024
 
66,660
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
World Gym
 
6/30/2024
 
27,035
 
35.4%
 
Ace Hardware
 
2/28/2017
 
9,750
 
12.8%
Loan
     
25
 
River Bend Station
 
1.1%
 
Apache Machining Solutions Inc.
 
3/31/2015
 
9,750
 
7.4%
 
Kimray Inc.
 
1/31/2016
 
9,750
 
7.4%
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
Julie Windows & Doors
 
9/30/2016
 
5,752
 
4.1%
 
Benson’s Transmission
 
2/28/2015
 
5,358
 
3.8%
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
Cherry Creek Mortgage Co.
 
6/30/2016
 
8,951
 
9.5%
 
Peoples National Bank
 
8/31/2019
 
8,152
 
8.6%
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
                               
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
Dollar General- Byhalia, MS
 
10/31/2028
 
12,480
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
Dollar General- DeWitt, AR
 
5/31/2028
 
12,406
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
KinderCare-Woodland Dr.
 
12/31/2023
 
9,048
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
KinderCare-High School Rd.
 
12/31/2023
 
7,434
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
KinderCare-West 86th St
 
12/31/2023
 
6,789
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
Dollar General- Burnsville, MS
 
8/31/2028
 
9,100
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
Dollar General- Pine Bluff, AR
 
10/31/2028
 
9,026
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
Dollar General- White Hall, AR
 
9/30/2028
 
9,026
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
Dollar General- Abbeville. MS
 
7/31/2028
 
9,100
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
KinderCare-Rangeline Rd.
 
12/31/2023
 
6,022
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
KinderCare-East 62nd
 
12/31/2023
 
6,012
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
Dollar General- Falkner, MS
 
5/31/2028
 
9,100
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
KinderCare-East 75th
 
12/31/2023
 
9,626
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
29
 
Dolfield A - D
 
1.0%
 
IZI Medical Products, LLC
 
12/31/2020
 
20,235
 
17.8%
 
THE Medical Inc.
 
4/30/2016
 
11,179
 
9.8%
Loan
     
30
 
Liberty Maynard
 
0.9%
 
Prime Research LP
 
11/30/2023
 
16,130
 
34.1%
 
HopCat Ann Arbor, LLC
 
1/1/2025
 
8,548
 
18.1%
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
                               
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
Clark Nexsen
 
7/31/2019
 
15,355
 
31.4%
 
Allergy Asthma & Immunology
 
3/31/2023
 
7,764
 
15.9%
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
Giant Food Stores LLC
 
4/30/2024
 
54,800
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
Paper Enterprises
 
6/30/2024
 
177,705
 
62.2%
 
Department of Sanitation
 
7/31/2024
 
108,200
 
37.8%
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
                               
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
Bill Highway (Automated Payment Highway, Inc.)
1/31/2020
 
13,510
 
28.9%
 
Arab American & Chaldean Council
 
9/30/2017
 
10,126
 
21.7%
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
Children’s Hospital of Michigan
 
6/30/2016
 
3,200
 
16.8%
 
Laurel Women’s Medical Group
 
12/31/2016
 
2,139
 
11.2%
Loan
     
36
 
Neptune Plaza
 
0.9%
 
La-Z Boy
 
7/31/2022
 
13,469
 
30.5%
 
Empire Beauty School
 
4/30/2020
 
11,643
 
26.4%
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
EDSA, Inc.
 
2/28/2027
 
32,320
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
Underground Pub
 
5/31/2016
 
4,720
 
31.1%
 
Blue 32
 
4/30/2016
 
2,314
 
15.2%
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
                               
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
Tuong Kien Ho
 
8/31/2015; MTM
 
10,061
 
6.5%
 
Ed Behalu
 
12/31/2017
 
5,721
 
3.7%
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
A National Auto
 
10/31/2015
 
4,425
 
7.4%
 
Doak Automotive
 
8/31/2016
 
4,050
 
6.8%
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
Walgreens
 
8/31/2034
 
15,930
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
 
 
I-17

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                           
                                                 
                   
LARGEST TENANT INFORMATION
 
2ND LARGEST TENANT INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Largest Tenant
 
Largest
Tenant Lease
Expiration
 
Largest
Tenant NSF
 
Largest
Tenant
% of NSF
 
2nd Largest Tenant
 
2nd Largest
Tenant Lease
Expiration
 
2nd Largest
Tenant NSF
 
2nd Largest
Tenant
% of NSF
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
                               
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
45
 
Village at Old Trace
 
0.7%
 
Pet Supermarket Store
 
10/31/2017
 
5,762
 
14.1%
 
Warrior Pride Fitness
 
3/31/2019
 
5,600
 
13.7%
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
Polo/Ralph Lauren
 
5/31/2016
 
9,065
 
21.3%
 
Value Sports
 
5/31/2017
 
6,386
 
15.0%
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
Trader Joe’s
 
4/30/2017
 
12,770
 
60.5%
 
Mr. Pickles (CCE Grp)
 
7/31/2017
 
1,339
 
6.3%
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
Ace Hardware
 
3/31/2021
 
17,929
 
20.4%
 
Dollar General
 
10/31/2019
 
9,993
 
11.4%
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
51
 
Riverview Commons
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
Harbor Freight
 
3/31/2023
 
21,000
 
32.1%
 
Dollar Tree Stores, Inc. #1902
 
7/31/2016
 
16,208
 
24.8%
Loan
     
53
 
Empire Hu
 
0.5%
 
The Pit Barbeque
 
8/31/2024
 
7,873
 
19.9%
 
Cloudbearing
 
6/30/2018
 
7,687
 
19.5%
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
Home Depot
 
1/31/2026
 
143,748
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
55
 
Stone Oak Square
 
0.4%
 
Stone Oak Vision
 
8/31/2016
 
3,381
 
21.0%
 
My Fit Foods
 
9/30/2020
 
2,000
 
12.4%
Loan
     
56
 
Shops at Town Center
 
0.3%
 
Elements
 
9/30/2018
 
3,972
 
27.6%
 
Dollar Loan Center
 
2/2/2019
 
1,851
 
12.9%
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
Walgreens
 
7/1/2029
 
14,820
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
60
 
Broadway Corners
 
0.3%
 
Moe’s SW Grill
 
7/31/2021
 
2,030
 
14.8%
 
Wingstop
 
6/30/2018
 
1,776
 
12.9%
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
Walgreens
 
9/30/2028
 
14,259
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
Walgreens
 
11/1/2029
 
14,550
 
100.0%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
Anytime Fitness
 
1/31/2019
 
3,952
 
28.8%
 
6S Liquor
 
6/30/2019
 
2,500
 
18.2%
 
 
I-18

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                       
                                                 
                   
3RD LARGEST TENANT INFORMATION
 
4TH LARGEST TENANT INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
3rd Largest Tenant
 
3rd Largest
Tenant Lease
Expiration
 
3rd Largest
Tenant NSF
 
3rd Largest
Tenant
% of NSF
 
4th Largest Tenant
 
4th Largest
Tenant Lease
Expiration
 
4th Largest
Tenant NSF
 
4th Largest
Tenant
% of NSF
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
Palm d’Or Cinema
 
6/30/2016
 
32,457
 
5.7%
 
Barnes & Noble
 
6/30/2018
 
24,868
 
4.3%
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
SmartBrief, Inc.
 
3/31/2017
 
31,300
 
7.6%
 
American Cancer Society
 
10/31/2021
 
24,307
 
5.9%
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
Sage Software, Inc.
 
10/31/2020 & 11/30/2020
 
71,711
 
5.6%
 
DaVita HealthCare Partners Inc.
 
8/31/2024
 
65,998
 
5.1%
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
                               
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
Discovery Clothing
 
2/28/2025
 
15,000
 
6.4%
 
La Z Boy
 
8/30/2024
 
12,000
 
5.1%
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
Tuesday Morning
 
7/31/2024
 
15,764
 
7.3%
 
Sears
 
8/31/2018
 
12,800
 
5.9%
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
                               
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
9
 
Briarwood Office
 
2.9%
 
FlightSafety Services
 
9/30/2019
 
37,704
 
18.2%
 
Granite Loan Mgmt
 
11/30/2019
 
14,536
 
7.0%
Loan
 
12
 
10
 
International Park
 
2.7%
 
Tyco Integrated Security, LLC
 
7/31/2024
 
25,412
 
12.0%
 
Home Mortgage of America, Inc.
 
10/31/2019
 
20,922
 
9.9%
Loan
     
11
 
Headquarters Village
 
2.2%
 
Paradise Bakery
 
7/31/2019
 
4,500
 
5.0%
 
Comerica Bank
 
11/16/2028
 
3,730
 
4.2%
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
Dollar Tree
 
6/30/2017
 
13,050
 
7.3%
 
WNY Dental Group
 
6/30/2020
 
11,000
 
6.1%
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
                               
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
Easy Home
 
9/30/2016
 
5,000
 
7.8%
 
Cato Corporation
 
1/31/2018
 
4,000
 
6.2%
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
Cato
 
1/31/2016
 
3,600
 
10.2%
 
Yume Bistro Batavia
 
11/30/2023
 
2,400
 
6.8%
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
Rodeo Restaurant
 
12/31/2017
 
3,000
 
13.6%
 
Fancy Nails
 
12/31/2017
 
1,600
 
7.2%
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
Wingstop
 
12/31/2025
 
1,500
 
17.7%
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
Just A Dollar
 
3/31/2018
 
12,663
 
14.6%
 
Hibbett Sporting Goods
 
5/31/2019
 
9,218
 
10.6%
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
Great Clips
 
3/30/2018
 
1,162
 
17.7%
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
                               
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
19
 
Commerce Green One
 
1.3%
 
Bain Law
 
1/31/2017
 
7,093
 
6.4%
 
Star Tex Title
 
3/1/2016
 
6,832
 
6.2%
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
Wallace, Plese & Dreher
 
9/30/2022
 
10,549
 
15.4%
 
Calcon Mutual Mortgage
 
1/31/2020
 
5,908
 
8.6%
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
Dollar Tree #4158
 
5/31/2019
 
9,735
 
12.7%
 
Outback Steakhouse
 
10/31/2015
 
7,500
 
9.8%
Loan
     
25
 
River Bend Station
 
1.1%
 
Slide Bearings, LP
 
9/30/2018
 
9,750
 
7.4%
 
DCP Midstream, LP
 
5/31/2019
 
9,750
 
7.4%
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
Centro Marantha
 
11/30/2015
 
3,728
 
2.6%
 
ABR Graphics
 
12/31/2016
 
3,600
 
2.5%
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
Knighted
 
2/28/2022
 
7,838
 
8.3%
 
Atlas REO Services
 
6/30/2015
 
5,794
 
6.1%
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
                               
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
29
 
Dolfield A - D
 
1.0%
 
A Better Day, LLC
 
9/30/2015
 
7,546
 
6.6%
 
Zephyr Aluminum, LLC
 
4/30/2016
 
7,103
 
6.2%
Loan
     
30
 
Liberty Maynard
 
0.9%
 
Knight’s Liberty Maynard, Inc.
 
2/28/2024
 
5,762
 
12.2%
 
Slurping Turtle
 
2/28/2024
 
5,296
 
11.2%
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
                               
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
Novant Health
 
3/7/2017
 
5,691
 
11.6%
 
Passion8 Bistro
 
4/30/2025
 
5,217
 
10.7%
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
                               
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
Main Street Bank
 
7/31/2023
 
3,699
 
7.9%
 
Michael S. Hohauser P.C.
 
8/31/2016
 
3,199
 
6.9%
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
The Dickerson Group, Inc.
 
6/30/2017
 
2,000
 
10.5%
 
Trinity Environmental Solutions, L.L.C.
 
5/31/2016
 
1,803
 
9.4%
Loan
     
36
 
Neptune Plaza
 
0.9%
 
Mahogany and More
 
6/30/2019
 
5,000
 
11.3%
 
Fama Living
 
1/31/2020
 
4,071
 
9.2%
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
Pedone’s Pizza
 
4/30/2016
 
2,250
 
14.8%
 
#9 Noodles
 
6/6/2015
 
1,080
 
7.1%
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
                               
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
Lowe Tech Auto
 
4/30/2017
 
4,866
 
3.2%
 
Uni-Select
 
10/31/2016
 
4,587
 
3.0%
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
Jorge Rubio
 
10/31/2015
 
4,050
 
6.8%
 
Cecilla Alcaraz
 
5/31/2016
 
4,000
 
6.7%
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
 
I-19

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                     
                                                 
                   
3RD LARGEST TENANT INFORMATION
 
4TH LARGEST TENANT INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
3rd Largest Tenant
 
3rd Largest
Tenant Lease
Expiration
 
3rd Largest
Tenant NSF
 
3rd Largest
Tenant
% of NSF
 
4th Largest Tenant
 
4th Largest
Tenant Lease
Expiration
 
4th Largest
Tenant NSF
 
4th Largest
Tenant
% of NSF
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
                               
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
45
 
Village at Old Trace
 
0.7%
 
Sanda Gane European Day Spa
 
9/30/2017
 
4,800
 
11.7%
 
Honey Baked Ham
 
12/31/2020
 
2,800
 
6.8%
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
Bass
 
12/31/2015
 
6,206
 
14.6%
 
Van Heusen
 
12/31/2015
 
3,390
 
8.0%
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
J&R Meats (Foshay)
 
12/31/2018
 
1,338
 
6.3%
 
Pier 46 Seafood
 
10/31/2018
 
1,300
 
6.2%
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
Macomb Learning Center
 
10/31/2019
 
6,080
 
6.9%
 
Underground Dance
 
9/30/2018
 
5,182
 
5.9%
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
51
 
Riverview Commons
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
ODOT/DMV
 
8/31/2016
 
5,093
 
7.8%
 
Sunset Grill
 
9/30/2023
 
4,705
 
7.2%
Loan
     
53
 
Empire Hu
 
0.5%
 
Raleigh Denim Workshop
 
8/31/2016
 
6,559
 
16.6%
 
Magnus Health
 
1/31/2019
 
6,382
 
16.2%
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
55
 
Stone Oak Square
 
0.4%
 
Stone Oak Liquors
 
4/30/2016
 
1,893
 
11.8%
 
Daddy’s Burger
 
9/30/2017
 
1,758
 
10.9%
Loan
     
56
 
Shops at Town Center
 
0.3%
 
Angel’s Cleaner
 
1/31/2018
 
1,600
 
11.1%
 
Dee’s Donuts
 
9/30/2020
 
1,563
 
10.9%
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
60
 
Broadway Corners
 
0.3%
 
Dr. Cendrine Nguyen
 
9/30/2015
 
1,768
 
12.9%
 
The Cash Store
 
10/31/2018
 
1,540
 
11.2%
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
Dr. Gage Dental Clinic
 
2/28/2020
 
2,490
 
18.2%
 
Verizon Wireless Retailer
 
3/31/2020
 
1,882
 
13.7%
 
 
I-20

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                           
                                                                 
                   
5TH LARGEST TENANT INFORMATION
 
MORTGAGE LOAN RESERVE INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
5th Largest Tenant
 
5th Largest
Tenant Lease
Expiration
 
5th Largest
Tenant NSF
 
5th Largest
Tenant
% of NSF
 
Upfront
Replacement
Reserves
 
Monthly
Replacement
Reserves
 
Replacement
Reserve Cap
 
Upfront TI/LC
 Reserves
 
Monthly TI/LC
Reserves
 
TI/LC
Reserve Cap
 
Upfront Tax
 Reserves
 
Monthly Tax
 Reserves
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
World Gym
 
1/31/2024
 
22,009
 
3.8%
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
Jos. A Bank
 
9/30/2023
 
4,850
 
1.2%
 
$0
 
$0
 
$0
 
$4,000,000
 
$0
 
$0
 
$0
 
$0
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
Thales
 
1/31/2020
 
53,840
 
4.2%
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
                 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
Texas Roadhouse
 
12/31/2029
 
7,163
 
3.1%
 
$0
 
$1,475
 
$0
 
$0
 
$0
 
$1,000,000
 
$23,333
 
$11,667
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
$1,700,000
 
$0
 
$300,000
 
$0
 
$0
 
$0
 
$90,525
 
$30,175
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
Daiso California
 
7/31/2020
 
9,294
 
4.3%
 
$0
 
$0
 
$0
 
$18,900
 
$17,965
 
$431,148
 
$168,024
 
$42,006
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
                 
$59,180
 
$0
 
$59,180
 
$0
 
$0
 
$0
 
$361,436
 
$0
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
     
9
 
Briarwood Office
 
2.9%
 
Structural Integrity Associates
 
6/30/2017
 
13,319
 
6.4%
 
$0
 
$3,456
 
$0
 
$1,400,000
 
$0
 
$700,000
 
$273,824
 
$45,637
Loan
 
12
 
10
 
International Park
 
2.7%
 
BE&K, Inc.
 
11/30/2015
 
13,843
 
6.6%
 
$395,000
 
$0
 
$58,428
 
$484,000
 
$0
 
$400,000
 
$101,175
 
$33,725
Loan
     
11
 
Headquarters Village
 
2.2%
 
Goodfellas Pizza
 
3/31/2015
 
3,542
 
4.0%
 
$0
 
$1,125
 
$67,500
 
$37,800
 
$4,168
 
$250,000
 
$48,550
 
$48,550
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
ABVI/Goodwill
 
4/30/2022
 
10,480
 
5.9%
 
$150,000
 
$6,250
 
$0
 
$0
 
$11,182
 
$360,000
 
$110,358
 
$31,608
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
                 
$0
 
$3,726
 
$0
 
$0
 
$12,296
 
$442,664
 
$73,922
 
$32,171
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
     
South Texas Dental
 
6/30/2018
 
4,000
 
6.2%
                               
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
     
Pawn King
 
6/30/2015
 
1,600
 
4.5%
                               
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
     
Russell Cellular, Inc.
 
9/30/2017
 
1,600
 
7.2%
                               
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
     
Physical Therapy
 
1/31/2015
 
2,160
 
2.5%
                               
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$2,133
 
$0
 
$1,000,000
 
$0
 
$0
 
$0
 
$26,134
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
                 
$0
 
$2,008
 
$0
 
$0
 
$0
 
$0
 
$0
 
$17,086
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$16,756
 
$0
 
$0
 
$0
 
$0
 
$18,021
 
$18,021
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$318
 
$0
 
$0
 
$2,384
 
$0
 
$0
 
$0
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$11,921
 
$0
 
$0
 
$0
 
$0
 
$26,575
 
$5,315
Loan
     
19
 
Commerce Green One
 
1.3%
 
Thomas Parr
 
1/31/2018
 
6,196
 
5.6%
 
$0
 
$1,834
 
$0
 
$368,062
 
$11,465
 
$350,000
 
$21,435
 
$21,435
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
Rockefeller Group
 
9/30/2017
 
1,517
 
2.2%
 
$0
 
$856
 
$0
 
$0
 
$5,704
 
$205,344
 
$38,273
 
$12,758
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$2,800
 
$0
 
$0
 
$0
 
$0
 
$0
 
$2,600
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$7,679
 
$0
 
$0
 
$0
 
$0
 
$62,104
 
$15,526
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$1,388
 
$49,950
 
$0
 
$5,500
 
$199,800
 
$4,870
 
$4,870
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
La Tolteca
 
10/31/2015
 
4,687
 
6.1%
 
$0
 
$1,275
 
$0
 
$100,000
 
$3,333
 
$100,000
 
$29,571
 
$9,857
Loan
     
25
 
River Bend Station
 
1.1%
 
Terracon
 
7/31/2019
 
9,750
 
7.4%
 
$0
 
$1,655
 
$0
 
$0
 
$4,412
 
$0
 
$21,072
 
$10,536
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
International Fasteners
 
4/30/2015
 
3,358
 
2.4%
 
$0
 
$2,585
 
$0
 
$100,000
 
$6,250
 
$250,000
 
$39,534
 
$13,178
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
Golden Sudik Architects
 
1/31/2017
 
5,502
 
5.8%
 
$0
 
$1,573
 
$0
 
$100,000
 
$5,900
 
$212,400
 
$28,432
 
$14,216
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
                 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
     
29
 
Dolfield A - D
 
1.0%
 
GROUP360 Worldwide
 
12/31/2016
 
6,048
 
5.3%
 
$0
 
$0
 
$0
 
$0
 
$9,498
 
$341,937
 
$18,244
 
$9,122
Loan
     
30
 
Liberty Maynard
 
0.9%
 
University of Michigan
 
9/30/2018
 
4,390
 
9.3%
 
$0
 
$592
 
$0
 
$357,121
 
$3,945
 
$0
 
$102,128
 
$14,675
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
                 
$0
 
$854
 
$0
 
$0
 
$0
 
$0
 
$13,503
 
$6,752
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
Carpe Diem
 
2/28/2021
 
5,160
 
10.6%
 
$0
 
$1,019
 
$36,678
 
$0
 
$6,568
 
$237,053
 
$15,092
 
$7,546
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
                 
$0
 
$1,316
 
$0
 
$125,000
 
$5,482
 
$265,000
 
$35,651
 
$11,213
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
     
The Denver Group, L.L.C.
 
10/31/2017
 
2,800
 
6.0%
                               
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
     
Medicus Pain & Spine LLC
 
3/31/2019
 
1,737
 
9.1%
                               
Loan
     
36
 
Neptune Plaza
 
0.9%
 
A. H. Sauer & Associates, LLC
 
9/30/2029
 
2,607
 
5.9%
 
$0
 
$1,213
 
$0
 
$0
 
$2,758
 
$90,000
 
$19,554
 
$19,554
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$21,983
 
$1,318,980
 
$0
 
$0
 
$0
 
$67,425
 
$22,475
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$4,167
 
$0
 
$0
 
$0
 
$0
 
$66,680
 
$16,667
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$583
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$6,372
 
$0
 
$0
 
$0
 
$0
 
$36,854
 
$9,213
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
Jenu Biosciences, LLC
 
10/31/2016
 
898
 
5.9%
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$41,527
 
$6,921
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
                 
$0
 
$3,558
 
$0
 
$0
 
$4,455
 
$100,000
 
$11,144
 
$11,144
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
     
H. Lee Nguyen
 
3/31/2015; TTM
 
4,177
 
2.7%
                               
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
     
Basics, Etc.
 
3/31/2015
 
2,400
 
4.0%
                               
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
 
I-21

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                 
                                                                 
                   
5TH LARGEST TENANT INFORMATION
 
MORTGAGE LOAN RESERVE INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
5th Largest Tenant
 
5th Largest
Tenant Lease
Expiration
 
5th Largest
Tenant NSF
 
5th Largest
Tenant
% of NSF
 
Upfront
Replacement
Reserves
 
Monthly
Replacement
Reserves
 
Replacement
Reserve Cap
 
Upfront TI/LC
 Reserves
 
Monthly TI/LC
Reserves
 
TI/LC
Reserve Cap
 
Upfront Tax
 Reserves
 
Monthly Tax
 Reserves
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
                 
$0
 
$5,225
 
$188,100
 
$0
 
$0
 
$0
 
$21,150
 
$10,575
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
     
N/A
 
N/A
 
N/A
 
N/A
                               
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
     
N/A
 
N/A
 
N/A
 
N/A
                               
Loan
     
45
 
Village at Old Trace
 
0.7%
 
Integrated Health Solutions
 
7/31/2018
 
2,800
 
6.8%
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$18,162
 
$6,054
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
Graphic Conclusion
 
MTM
 
3,233
 
7.6%
 
$0
 
$1,314
 
$0
 
$350,000
 
$3,551
 
$350,000
 
$28,190
 
$5,638
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
Supreme Nutrition (Gonzales)
 
12/31/2016
 
1,117
 
5.3%
 
$0
 
$352
 
$0
 
$0
 
$2,500
 
$120,000
 
$13,755
 
$2,751
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$3,598
 
$0
 
$0
 
$0
 
$0
 
$36,607
 
$7,321
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
JCA Riverside Investment
 
10/31/2017
 
4,897
 
5.6%
 
$0
 
$1,097
 
$0
 
$160,000
 
$5,487
 
$180,000
 
$12,032
 
$12,032
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$3,185
 
$0
 
$0
 
$0
 
$0
 
$41,976
 
$8,395
Loan
     
51
 
Riverview Commons
 
0.6%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$1,264
 
$0
 
$0
 
$0
 
$0
 
$18,047
 
$3,246
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
Payless Shoe Source #578
 
10/31/2016
 
3,360
 
5.1%
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
     
53
 
Empire Hu
 
0.5%
 
Queue Software
 
12/31/2018
 
3,986
 
10.1%
 
$0
 
$1,251
 
$0
 
$0
 
$4,114
 
$200,000
 
$16,943
 
$3,389
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$7,728
 
$0
Loan
     
55
 
Stone Oak Square
 
0.4%
 
Subway
 
2/28/2020
 
1,621
 
10.1%
 
$0
 
$429
 
$0
 
$0
 
$1,250
 
$0
 
$7,075
 
$7,075
Loan
     
56
 
Shops at Town Center
 
0.3%
 
Align Chiropractic
 
3/31/2016
 
1,209
 
8.4%
 
$0
 
$180
 
$0
 
$0
 
$1,003
 
$0
 
$0
 
$1,365
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$4,396
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$640,000
 
$0
 
$0
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$1,788
 
$0
 
$0
 
$0
 
$0
 
$20,817
 
$4,163
Loan
     
60
 
Broadway Corners
 
0.3%
 
Gamestop
 
1/31/2019
 
1,500
 
10.9%
 
$0
 
$297
 
$0
 
$0
 
$1,667
 
$100,000
 
$0
 
$5,244
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
 
$0
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$1,555
 
$0
 
$0
 
$0
 
$0
 
$9,351
 
$9,351
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
N/A
 
N/A
 
N/A
 
N/A
 
$0
 
$0
 
$0
 
$0
 
$0
 
$634,000
 
$0
 
$0
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
Domino’s Pizza
 
10/31/2024
 
1,676
 
12.2%
 
$0
 
$191
 
$0
 
$0
 
$1,135
 
$68,120
 
$2,769
 
$2,769
 
 
I-22

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                             
                                                                     
                   
MORTGAGE LOAN RESERVE INFORMATION
 
THIRD PARTY REPORTS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Upfront
Insurance
Reserves
 
Monthly
Insurance
Reserves
 
Upfront
Deferred Maint.
Reserve
 
Initial Other
Reserves
 
Ongoing Other
Reserves
 
Other Reserves Description
 
Appraisal
Report Date
 
Environmental
Phase I
Report Date
 
Environmental
Phase II
Report Date
 
Engineering
Report Date
 
Seismic
Report Date
 
Seismic
 
PML %
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/23/2014
 
1/20/2015
 
N/A
 
11/25/2014
 
11/25/2014
 
Yes
 
13.00%
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
9/22/2014
 
9/11/2014
 
N/A
 
9/10/2014
 
N/A
 
No
 
N/A
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
10/31/2014
 
11/4/2014
 
N/A
 
10/27/2014
 
10/27/2014
 
Yes
 
6.00%
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
 
$0
 
$0
 
$0
 
$3,381,458
 
$0
 
PIP Reserve (Courtyard Overland Park)
                           
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
                             
11/7/2014
 
10/15/2014
 
N/A
 
10/15/2014
 
N/A
 
No
 
N/A
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
                             
11/7/2014
 
10/21/2014
 
N/A
 
10/15/2014
 
10/15/2014
 
Yes
 
3.00%
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
                             
11/17/2014
 
10/15/2014
 
N/A
 
10/15/2014
 
N/A
 
No
 
N/A
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
 
$22,614
 
$10,548
 
$0
 
$1,558,064
 
$0
 
Outstanding TI; Free Rent Reserve
 
12/15/2014
 
10/27/2014
 
N/A
 
10/29/2014
 
N/A
 
No
 
N/A
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/18/2014
 
12/9/2014
 
N/A
 
12/16/2014
 
N/A
 
No
 
N/A
Loan
     
7
 
Lakewood Marketplace
 
4.4%
 
$0
 
$0
 
$9,500
 
$166,000
 
$0
 
Environmental Escrow
 
11/3/2014
 
11/5/2014
 
11/25/2014
 
11/4/2014
 
10/30/2014
 
Yes
 
12.00%
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
 
$0
 
$0
 
$194,413
 
$0
 
$0
 
N/A
                           
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
                             
12/2/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
                             
12/1/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
                             
12/1/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
12/3/2014
 
Yes
 
8.00%
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
                             
12/17/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
                             
12/1/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
                             
11/6/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
                             
12/1/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
                             
11/28/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
                             
12/1/2014
 
11/6/2014
 
N/A
 
11/4/2014
 
1/12/2015
 
Yes
 
12.00%
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
                             
12/1/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
                             
11/26/2014
 
11/6/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Loan
     
9
 
Briarwood Office
 
2.9%
 
$1,821
 
$1,821
 
$6,875
 
$349,432
 
$0
 
Occupancy Reserve Funds; Outstanding TI/LC Reserve Funds
 
10/31/2014
 
10/22/2014
 
N/A
 
10/22/2014
 
N/A
 
No
 
N/A
Loan
 
12
 
10
 
International Park
 
2.7%
 
$9,103
 
$3,034
 
$0
 
$874,271
 
$0
 
Tenant Reserves
 
11/25/2014
 
10/6/2014
 
N/A
 
10/7/2014
 
N/A
 
No
 
N/A
Loan
     
11
 
Headquarters Village
 
2.2%
 
$0
 
$0
 
$0
 
$8,500
 
$0
 
Unfunded Rollover Funds
 
12/4/2014
 
11/3/2014
 
N/A
 
11/3/2014
 
N/A
 
No
 
N/A
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
 
$57,721
 
$5,772
 
$26,325
 
$10,000
 
$0
 
ADP Rent Reserve
 
1/26/2015
 
11/24/2014
 
N/A
 
11/24/2014
 
N/A
 
No
 
N/A
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
 
$0
 
$10,568
 
$98,958
 
$684,058
 
$0
 
Existing Vacant Space Reserve; Free Rent Reserve; Existing TI Reserve; Existing LC Reserve
                           
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
                             
1/8/2015
 
12/2/2014
 
N/A
 
12/4/2014
 
N/A
 
No
 
N/A
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
                             
1/5/2015
 
12/2/2014
 
N/A
 
12/4/2014
 
N/A
 
No
 
N/A
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
                             
1/6/2015
 
12/2/2014
 
N/A
 
12/2/2014
 
N/A
 
No
 
N/A
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
                             
1/6/2015
 
12/1/2014
 
N/A
 
12/1/2014
 
N/A
 
No
 
N/A
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
                             
12/30/2014
 
12/2/2014
 
N/A
 
12/3/2014
 
N/A
 
No
 
N/A
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
                             
1/6/2015
 
12/2/2014
 
N/A
 
12/2/2014
 
N/A
 
No
 
N/A
Loan
     
14
 
Verizon Wireless Building
 
1.8%
 
$38,335
 
$3,485
 
$0
 
$0
 
$0
 
N/A
 
11/11/2014
 
11/19/2014
 
N/A
 
11/19/2014
 
N/A
 
No
 
N/A
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
 
$20,867
 
$1,862
 
$0
 
$0
 
$0
 
N/A
                           
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
                             
11/24/2014
 
9/15/2014
 
N/A
 
9/15/2014
 
N/A
 
No
 
N/A
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
                             
11/24/2014
 
9/15/2014
 
N/A
 
9/15/2014
 
N/A
 
No
 
N/A
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
                             
11/21/2014
 
9/16/2014
 
N/A
 
9/16/2014
 
N/A
 
No
 
N/A
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
 
$56,499
 
$6,278
 
$0
 
$0
 
$0
 
N/A
 
12/3/2014
 
11/18/2014
 
N/A
 
10/27/2014
 
N/A
 
No
 
N/A
Loan
     
17
 
Talbots Flagship Store
 
1.5%
 
$0
 
$0
 
$8,750
 
$0
 
$0
 
N/A
 
12/5/2014
 
12/11/2014
 
N/A
 
12/11/2014
 
12/11/2014
 
Yes
 
10.00%
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/12/2014
 
11/21/2014
 
N/A
 
11/21/2014
 
N/A
 
No
 
N/A
Loan
     
19
 
Commerce Green One
 
1.3%
 
$25,107
 
$4,184
 
$112,087
 
$21,837
 
$0
 
Tenant Reserves
 
12/18/2014
 
11/18/2014
 
N/A
 
11/14/2014
 
N/A
 
No
 
N/A
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/18/2014
 
11/14/2014
 
N/A
 
11/12/2014
 
N/A
 
No
 
N/A
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
 
$8,120
 
$2,707
 
$10,856
 
$200,000
 
$0
 
Seasonality Reserve
 
11/10/2014
 
10/31/2014
 
N/A
 
10/31/2014
 
N/A
 
No
 
N/A
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
11/14/2014
 
10/23/2014
 
N/A
 
10/21/2014
 
10/21/2014
 
Yes
 
3.00%
Loan
     
23
 
Peak 10 Office Building
 
1.1%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/10/2014
 
11/17/2014
 
N/A
 
11/17/2014
 
N/A
 
No
 
N/A
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
 
$0
 
$0
 
$5,376
 
$10,938
 
$0
 
Environmental Escrow
 
1/9/2015
 
11/21/2014
 
N/A
 
12/29/2014
 
N/A
 
No
 
N/A
Loan
     
25
 
River Bend Station
 
1.1%
 
$30,988
 
$3,240
 
$0
 
$7,200
 
$0
 
Estoppel Reserve
 
10/20/2014
 
11/6/2014
 
N/A
 
10/16/2014
 
N/A
 
No
 
N/A
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
 
$0
 
$0
 
$46,650
 
$0
 
$0
 
N/A
 
11/18/2014
 
11/3/2014
 
N/A
 
11/3/2014
 
11/3/2014
 
Yes
 
18.00%
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
11/25/2014
 
11/13/2014
 
N/A
 
11/12/2014
 
N/A
 
No
 
N/A
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
                           
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
                             
10/23/2014
 
10/24/2014
 
N/A
 
10/24/2014
 
N/A
 
No
 
N/A
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
                             
12/2/2014
 
10/23/2014
 
N/A
 
9/23/2014
 
N/A
 
No
 
N/A
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
                             
11/7/2014
 
10/31/2014
 
N/A
 
10/31/2014
 
N/A
 
No
 
N/A
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
                             
11/7/2014
 
10/31/2014
 
N/A
 
10/31/2014
 
N/A
 
No
 
N/A
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
                             
11/7/2014
 
10/31/2014
 
N/A
 
10/31/2014
 
N/A
 
No
 
N/A
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
                             
10/23/2014
 
10/24/2014
 
N/A
 
10/24/2014
 
N/A
 
No
 
N/A
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
                             
12/2/2014
 
10/23/2014
 
N/A
 
9/24/2014
 
N/A
 
No
 
N/A
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
                             
12/2/2014
 
10/24/2014
 
N/A
 
9/23/2014
 
N/A
 
No
 
N/A
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
                             
10/23/2014
 
10/23/2014
 
N/A
 
10/23/2014
 
N/A
 
No
 
N/A
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
                             
11/7/2014
 
10/31/2014
 
N/A
 
10/31/2014
 
N/A
 
No
 
N/A
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
                             
11/7/2014
 
11/3/2014
 
N/A
 
11/3/2014
 
N/A
 
No
 
N/A
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
                             
10/23/2014
 
10/23/2014
 
N/A
 
10/23/2014
 
N/A
 
No
 
N/A
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
                             
11/7/2014
 
11/3/2014
 
N/A
 
11/3/2014
 
N/A
 
No
 
N/A
Loan
     
29
 
Dolfield A - D
 
1.0%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/19/2014
 
12/16/2014
 
N/A
 
12/16/2014
 
N/A
 
No
 
N/A
Loan
     
30
 
Liberty Maynard
 
0.9%
 
$7,613
 
$2,538
 
$0
 
$138,600
 
$0
 
Roof Reserve; Pieology Rent Reserve
 
9/24/2014
 
10/7/2014
 
N/A
 
9/15/2014
 
N/A
 
No
 
N/A
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
                           
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
                             
12/18/2014
 
12/11/2014
 
N/A
 
12/12/2014
 
N/A
 
No
 
N/A
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
                             
12/18/2014
 
12/11/2014
 
N/A
 
12/12/2014
 
N/A
 
No
 
N/A
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
 
$0
 
$0
 
$0
 
$301,385
 
$0
 
Rent Concessions Reserve; Spoke Easy Reserve
 
1/15/2015
 
1/7/2015
 
N/A
 
11/17/2014
 
N/A
 
No
 
N/A
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/18/2014
 
12/4/2014
 
N/A
 
12/4/2014
 
N/A
 
No
 
N/A
Loan
     
34
 
780 East 132nd Street
 
0.9%
 
$2,122
 
$707
 
$0
 
$3,450,000
 
$0
 
DOS Occupancy Reserve
 
12/18/2014
 
12/18/2014
 
N/A
 
11/4/2014
 
N/A
 
No
 
N/A
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
 
$15,097
 
$1,372
 
$0
 
$0
 
$0
 
N/A
                           
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
                             
12/8/2014
 
11/18/2014
 
N/A
 
11/18/2014
 
N/A
 
No
 
N/A
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
                             
10/21/2014
 
11/18/2014
 
N/A
 
11/18/2014
 
N/A
 
No
 
N/A
Loan
     
36
 
Neptune Plaza
 
0.9%
 
$5,248
 
$1,749
 
$0
 
$70,000
 
$0
 
Mahogany and More Rent Reserve
 
12/16/2014
 
11/4/2014
 
N/A
 
10/4/2014
 
N/A
 
No
 
N/A
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/15/2014
 
12/10/2014
 
N/A
 
12/10/2014
 
N/A
 
No
 
N/A
Loan
     
38
 
Bellaire Apartments
 
0.9%
 
$7,096
 
$3,548
 
$0
 
$0
 
$0
 
N/A
 
12/5/2014
 
11/24/2014
 
N/A
 
11/24/2014
 
N/A
 
No
 
N/A
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
 
$754
 
$377
 
$0
 
$0
 
$0
 
N/A
 
10/16/2014
 
10/7/2014
 
N/A
 
10/3/2014
 
N/A
 
No
 
N/A
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
 
$3,123
 
$1,561
 
$0
 
$220,000
 
$0
 
PIP Reserve
 
1/14/2015
 
11/14/2014
 
N/A
 
11/14/2014
 
N/A
 
No
 
N/A
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
 
$0
 
$754
 
$0
 
$0
 
$0
 
N/A
 
12/2/2014
 
11/5/2014
 
N/A
 
11/5/2014
 
11/5/2014
 
Yes
 
16.00%
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
 
$46,358
 
$5,795
 
$0
 
$0
 
$0
 
N/A
                           
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
                             
12/17/2014
 
12/15/2014
 
N/A
 
12/19/2014
 
N/A
 
No
 
N/A
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
                             
12/17/2014
 
12/15/2014
 
N/A
 
12/15/2014
 
N/A
 
No
 
N/A
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/3/2014
 
11/12/2014
 
N/A
 
11/11/2014
 
11/11/2014
 
Yes
 
10.00%
 
 
I-23

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                                                       
                                                                     
                   
MORTGAGE LOAN RESERVE INFORMATION
 
THIRD PARTY REPORTS
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Upfront
Insurance
Reserves
 
Monthly
Insurance
Reserves
 
Upfront
Deferred Maint.
Reserve
 
Initial Other
Reserves
 
Ongoing Other
Reserves
 
Other Reserves Description
 
Appraisal
Report Date
 
Environmental
Phase I
Report Date
 
Environmental
Phase II
Report Date
 
Engineering
Report Date
 
Seismic
Report Date
 
Seismic
 
PML %
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
 
$7,860
 
$7,860
 
$62,638
 
$0
 
$0
 
N/A
                           
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
                             
12/1/2014
 
11/18/2014
 
N/A
 
11/18/2014
 
N/A
 
No
 
N/A
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
                             
12/1/2014
 
11/18/2014
 
N/A
 
11/18/2014
 
N/A
 
No
 
N/A
Loan
     
45
 
Village at Old Trace
 
0.7%
 
$0
 
$811
 
$0
 
$210,500
 
$4,008
 
Honey Baked Ham Escrow; Replacement & TI/LC Reserve
 
10/31/2014
 
11/5/2014
 
N/A
 
11/6/2014
 
N/A
 
No
 
N/A
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
 
$21,270
 
$2,051
 
$0
 
$250,000
 
$0
 
Coach Reserve
 
12/17/2014
 
12/4/2014
 
N/A
 
12/10/2014
 
12/4/2014
 
Yes
 
11.00%
Loan
     
47
 
Templeton Retail Center
 
0.6%
 
$0
 
$0
 
$0
 
$12,745
 
$0
 
Free Rent Reserve
 
12/31/2014
 
12/5/2014
 
N/A
 
12/8/2014
 
12/8/2014
 
Yes
 
5.00%
Loan
     
48
 
Willow Park Apartments
 
0.6%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/3/2014
 
11/17/2014
 
N/A
 
11/19/2014
 
N/A
 
No
 
N/A
Loan
     
49
 
Country Meadows Plaza
 
0.6%
 
$8,765
 
$1,423
 
$95,500
 
$0
 
$0
 
N/A
 
11/10/2014
 
11/3/2014
 
N/A
 
12/18/2014
 
N/A
 
No
 
N/A
Loan
     
50
 
Park Terrace Apartments
 
0.6%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
11/25/2014
 
11/17/2014
 
N/A
 
11/19/2014
 
N/A
 
No
 
N/A
Loan
     
51
 
Riverview Commons
 
0.6%
 
$0
 
$1,849
 
$0
 
$0
 
$0
 
N/A
 
1/8/2015
 
9/17/2014
 
N/A
 
9/17/2014
 
N/A
 
No
 
N/A
Loan
     
52
 
Hillsboro Sun West
 
0.6%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/23/2014
 
11/7/2014
 
N/A
 
11/10/2014
 
11/10/2014
 
Yes
 
6.00%
Loan
     
53
 
Empire Hu
 
0.5%
 
$23,297
 
$2,118
 
$0
 
$0
 
$0
 
N/A
 
12/5/2014
 
12/4/2014
 
N/A
 
12/8/2014
 
N/A
 
No
 
N/A
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
11/12/2014
 
10/22/2014
 
N/A
 
N/A
 
N/A
 
No
 
N/A
Loan
     
55
 
Stone Oak Square
 
0.4%
 
$0
 
$1,449
 
$6,250
 
$0
 
$0
 
N/A
 
12/8/2014
 
11/21/2014
 
N/A
 
11/20/2014
 
N/A
 
No
 
N/A
Loan
     
56
 
Shops at Town Center
 
0.3%
 
$6,210
 
$776
 
$0
 
$0
 
$0
 
N/A
 
6/2/2014
 
8/11/2014
 
N/A
 
8/12/2014
 
N/A
 
No
 
N/A
Loan
     
57
 
Madison Park Apartments
 
0.3%
 
$0
 
$0
 
$53,250
 
$0
 
$0
 
N/A
 
12/23/2014
 
12/17/2014
 
N/A
 
12/17/2014
 
N/A
 
No
 
N/A
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/9/2014
 
12/2/2014
 
N/A
 
12/1/2014
 
N/A
 
No
 
N/A
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
11/25/2014
 
11/17/2014
 
N/A
 
11/19/2014
 
N/A
 
No
 
N/A
Loan
     
60
 
Broadway Corners
 
0.3%
 
$0
 
$882
 
$0
 
$0
 
$0
 
N/A
 
12/16/2014
 
11/17/2014
 
N/A
 
11/17/2014
 
N/A
 
No
 
N/A
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/3/2014
 
11/12/2014
 
N/A
 
11/7/2014
 
N/A
 
No
 
N/A
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
 
$5,044
 
$1,681
 
$19,250
 
$0
 
$0
 
N/A
 
12/16/2014
 
12/8/2014
 
N/A
 
12/8/2014
 
N/A
 
No
 
N/A
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
12/11/2014
 
12/2/2014
 
N/A
 
12/3/2014
 
N/A
 
No
 
N/A
Loan
     
64
 
Sanger Marketplace
 
0.2%
 
$0
 
$0
 
$0
 
$0
 
$0
 
N/A
 
1/8/2015
 
12/16/2014
 
N/A
 
12/16/2014
 
N/A
 
No
 
N/A
 
 
I-24

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                   
                                                     
                   
TOTAL MORTGAGE DEBT INFORMATION
 
TOTAL DEBT INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Cut-off Date
Pari Passu Mortgage
Debt Balance
 
Cut-off Date
Subord. Mortgage
Debt Balance
 
Total Mortgage
Debt Cut-off
Date LTV Ratio
 
Total Mortgage
Debt UW
NCF DSCR
 
Total Mortgage
Debt UW NOI
Debt Yield
 
Cut-off Date
Mezzanine
Debt Balance
 
Total Debt
Cut-off Date
LTV Ratio
 
Total
Debt UW
NCF DSCR
 
Total Debt
UW NOI
Debt Yield
Loan
 
3, 4
 
1
 
Westfield Palm Desert Mall
 
7.2%
 
$62,500,000
     
59.0%
 
2.63x
 
10.9%
               
Loan
 
5, 6
 
2
 
555 11th Street NW
 
6.9%
 
$30,000,000
 
$87,000,000
 
57.3%
 
2.35x
 
9.0%
 
$50,000,000
 
73.5%
 
1.66x
 
7.0%
Loan
 
7
 
3
 
Discovery Business Center
 
6.9%
 
$110,000,000
     
47.5%
 
1.97x
 
12.3%
               
Loan
 
6, 8, 9
 
4
 
Ashford Hotel Portfolio
 
6.3%
                                   
Property
     
4.01
 
Ashford Hotel Portfolio - Residence Inn Orlando Sea World
                                       
Property
     
4.02
 
Ashford Hotel Portfolio - Residence Inn Cottonwood
                                       
Property
     
4.03
 
Ashford Hotel Portfolio - Courtyard Overland Park
                                       
Loan
 
10
 
5
 
Fontainebleau Park Plaza
 
5.6%
                                   
Loan
 
11
 
6
 
Cumberland Cove Apartments
 
5.1%
                     
$7,000,000
 
88.1%
 
1.04x
 
6.8%
Loan
     
7
 
Lakewood Marketplace
 
4.4%
                                   
Loan
 
8
 
8
 
Galaxy U-Haul Moving & Storage Portfolio
 
3.5%
                                   
Property
     
8.01
 
Galaxy U-Haul Moving & Storage of Pawtucket
                                       
Property
     
8.02
 
Galaxy U-Haul Moving & Storage of Newburgh/Middlehope
                                       
Property
     
8.03
 
Galaxy U-Haul Moving & Storage of Bellingham
                                       
Property
     
8.04
 
Galaxy U-Haul Moving & Storage of Bismarck
                                       
Property
     
8.05
 
Galaxy U-Haul Moving & Storage at Westchase
                                       
Property
     
8.06
 
Galaxy U-Haul Moving & Storage of Easton
                                       
Property
     
8.07
 
Galaxy U-Haul Moving & Storage at Mexico Road
                                       
Property
     
8.08
 
Galaxy U-Haul Moving & Storage at Commercial Avenue
                                       
Property
     
8.09
 
Galaxy U-Haul Moving & Storage at E. 32nd Street
                                       
Property
     
8.10
 
Galaxy U-Haul Moving & Storage of Menands
                                       
Property
     
8.11
 
Galaxy U-Haul Moving & Storage of Sunsplash
                                       
Loan
     
9
 
Briarwood Office
 
2.9%
                     
$4,500,000
 
84.8%
 
1.46x
 
8.4%
Loan
 
12
 
10
 
International Park
 
2.7%
                                   
Loan
     
11
 
Headquarters Village
 
2.2%
                                   
Loan
     
12
 
Stone Ridge Plaza
 
2.2%
                                   
Loan
 
8, 9
 
13
 
WM Retail Portfolio
 
1.9%
                                   
Property
     
13.01
 
WM Retail Portfolio - Rigsby Road Center
                                       
Property
     
13.02
 
WM Retail Portfolio - Batavia Shopping Center
                                       
Property
     
13.03
 
WM Retail Portfolio - Gatesville Shopping Center
                                       
Property
     
13.04
 
WM Retail Portfolio - Mansfield Shopping Center
                                       
Property
     
13.05
 
WM Retail Portfolio - Hugo Shopping Center
                                       
Property
     
13.06
 
WM Retail Portfolio - Seagoville Shopping Center
                                       
Loan
     
14
 
Verizon Wireless Building
 
1.8%
                                   
Loan
 
8, 9
 
15
 
New England Storage Portfolio
 
1.7%
                                   
Property
     
15.01
 
New England Storage Portfolio - Simply SS Falmouth
                                       
Property
     
15.02
 
New England Storage Portfolio - Simply SS Middletown
                                       
Property
     
15.03
 
New England Storage Portfolio - Simply SS Fairhaven
                                       
Loan
     
16
 
Holiday Inn Romulus
 
1.6%
                                   
Loan
     
17
 
Talbots Flagship Store
 
1.5%
                                   
Loan
     
18
 
Fairfield Inn - Morgantown
 
1.3%
                                   
Loan
     
19
 
Commerce Green One
 
1.3%
                                   
Loan
 
13
 
20
 
Chandler Corporate Center II
 
1.2%
                                   
Loan
     
21
 
Wolf Village Student Housing
 
1.2%
                                   
Loan
     
22
 
Greenhaven Oaks Apartments
 
1.1%
                                   
Loan
     
23
 
Peak 10 Office Building
 
1.1%
                                   
Loan
 
9
 
24
 
La Plata Shopping Center
 
1.1%
                                   
Loan
     
25
 
River Bend Station
 
1.1%
                                   
Loan
     
26
 
Mission Plaza Business Park
 
1.0%
                                   
Loan
 
13
 
27
 
Plaza Quebec
 
1.0%
                                   
Loan
 
8, 9
 
28
 
Dollar General & KinderCare Portfolio
 
1.0%
                                   
Property
     
28.01
 
Dollar General & KinderCare Portfolio - Dollar General/Byhalia. MS
                                       
Property
     
28.02
 
Dollar General & KinderCare Portfolio - Dollar General/DeWitt. AR
                                       
Property
     
28.03
 
Dollar General & KinderCare Portfolio - KinderCare/Woodland Dr.
                                       
Property
     
28.04
 
Dollar General & KinderCare Portfolio - KinderCare/High School Rd
                                       
Property
     
28.05
 
Dollar General & KinderCare Portfolio - KinderCare/West 86th
                                       
Property
     
28.06
 
Dollar General & KinderCare Portfolio - Dollar General/Burnsville, MS
                                       
Property
     
28.07
 
Dollar General & KinderCare Portfolio - Dollar General/Pine Bluff, AR
                                       
Property
     
28.08
 
Dollar General & KinderCare Portfolio - Dollar General/White Hall, AR
                                       
Property
     
28.09
 
Dollar General & KinderCare Portfolio - Dollar General/Abbeville, MS
                                       
Property
     
28.10
 
Dollar General & KinderCare Portfolio - KinderCare/Rangeline Rd.
                                       
Property
     
28.11
 
Dollar General & KinderCare Portfolio - KinderCare/East 62nd
                                       
Property
     
28.12
 
Dollar General & KinderCare Portfolio - Dollar General/Falkner, MS
                                       
Property
     
28.13
 
Dollar General & KinderCare Portfolio - KinderCare/East 75th
                                       
Loan
     
29
 
Dolfield A - D
 
1.0%
                                   
Loan
     
30
 
Liberty Maynard
 
0.9%
                                   
Loan
 
8
 
31
 
Maryland MHC Portfolio
 
0.9%
                                   
Property
     
31.01
 
Maryland MHC Portfolio - Ken Lee MHC
                                       
Property
     
31.02
 
Maryland MHC Portfolio - Beechwood MHC
                                       
Loan
     
32
 
1523-1535 Elizabeth Avenue
 
0.9%
                                   
Loan
     
33
 
Giant Food Stores - Lansdowne, PA Leased Fee
 
0.9%
                                   
Loan
     
34
 
780 East 132nd Street
 
0.9%
                                   
Loan
 
8
 
35
 
Woodward - Big Beaver Office Portfolio
 
0.9%
                                   
Property
     
35.01
 
Woodward - Big Beaver Office Portfolio - 363 West Big Beaver Road
                                       
Property
     
35.02
 
Woodward - Big Beaver Office Portfolio - 36880 Woodward Ave
                                       
Loan
     
36
 
Neptune Plaza
 
0.9%
                                   
Loan
     
37
 
Hilton Garden Inn Fort Lauderdale
 
0.9%
                                   
Loan
     
38
 
Bellaire Apartments
 
0.9%
                                   
Loan
 
14
 
39
 
1508-1512 East Broward Boulevard
 
0.8%
                                   
Loan
     
40
 
Candlewood Suites Kalamazoo
 
0.8%
                                   
Loan
 
6
 
41
 
Hermosa Courtyard
 
0.8%
                                   
Loan
 
6, 8
 
42
 
Dallas Industrial Portfolio
 
0.7%
                                   
Property
     
42.01
 
Dallas Industrial Portfolio - 1105 Colorado Lane
                                       
Property
     
42.02
 
Dallas Industrial Portfolio - 1000 Harrison Avenue
                                       
Loan
     
43
 
Walgreens - Orland, CA
 
0.7%
                                   
 
 
I-25

 
 
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                         
                                                     
                   
TOTAL MORTGAGE DEBT INFORMATION
 
TOTAL DEBT INFORMATION
Property
Flag
 
Footnotes
 
Loan ID
 
Property Name
 
% of Initial
Pool Balance
 
Cut-off Date
Pari Passu Mortgage
Debt Balance
 
Cut-off Date
Subord. Mortgage
Debt Balance
 
Total Mortgage
Debt Cut-off
Date LTV Ratio
 
Total Mortgage
Debt UW
NCF DSCR
 
Total Mortgage
Debt UW NOI
Debt Yield
 
Cut-off Date
Mezzanine
Debt Balance
 
Total Debt
Cut-off Date
LTV Ratio
 
Total
Debt UW
NCF DSCR
 
Total Debt
UW NOI
Debt Yield
Loan
 
8, 9
 
44
 
Tampa Multifamily Portfolio
 
0.7%
                                   
Property
     
44.01
 
Tampa Multifamily Portfolio - Villas at Country Square
                                       
Property
     
44.02
 
Tampa Multifamily Portfolio - Candlewood Apartments
                                       
Loan
     
45
 
Village at Old Trace
 
0.7%
                                   
Loan
     
46
 
Mammoth Luxury Outlets
 
0.7%
                                   
Loan
     
47
 
Templeton Retail Center
 
0.6%
                                   
Loan
     
48
 
Willow Park Apartments
 
0.6%
                                   
Loan
     
49
 
Country Meadows Plaza
 
0.6%
                                   
Loan
     
50
 
Park Terrace Apartments
 
0.6%
                                   
Loan
     
51
 
Riverview Commons
 
0.6%
                                   
Loan
     
52
 
Hillsboro Sun West
 
0.6%
                                   
Loan
     
53
 
Empire Hu
 
0.5%
                                   
Loan
     
54
 
Home Depot - Lafayette, IN Leased Fee
 
0.5%
                                   
Loan
     
55
 
Stone Oak Square
 
0.4%
                                   
Loan
     
56
 
Shops at Town Center
 
0.3%
                                   
Loan
     
57
 
Madison Park Apartments
 
0.3%
                                   
Loan
     
58
 
Walgreens - Palm Harbor, FL
 
0.3%
                                   
Loan
     
59
 
Lake Christine Village Apartments
 
0.3%
                                   
Loan
     
60
 
Broadway Corners
 
0.3%
                                   
Loan
     
61
 
Walgreens - Marion, IL
 
0.3%
                                   
Loan
     
62
 
Belvoir Center Apartments
 
0.3%
                                   
Loan
     
63
 
Walgreens - Northfield, MN
 
0.3%
                                   
Loan
     
64
 
Sanger Marketplace
 
0.2%
                                   
 
 
I-26

 

MSBAM 2015-C21
 
FOOTNOTES TO APPENDIX I
   
   
(1)
MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; BANA—Bank of America, National Association; SMC—Starwood Mortgage Capital LLC; SMF III—Starwood Mortgage Funding III LLC; CIBC—CIBC Inc.
   
(2)
The Administrative Fee Rate includes the master servicing fee rate, trust advisor fee rate, trustee/certificate administrator fee rate, primary servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan.
   
(3)
With respect to Mortgage Loan No. 1, Westfield Palm Desert Mall is part of a loan pair evidenced by eight pari passu promissory notes (Notes A-1-1, A-1-2, A-2-1, A-2-2, B-1-1, B-1-2, B-2-1 and B-2-2) with an aggregate original principal balance of $125,000,000. Notes A-1-1, A-1-2, B-1-1 and B-1-2, which collectively evidence the Westfield Palm Desert Mall Mortgage Loan, are being contributed to the MSBAM 2015-C21 securitization trust and have an aggregate original principal balance of $62,500,000. Notes A-2-1, A-2-2, B-2-1 and B-2-2 have an aggregate original principal balance of $62,500,000 and are expected to be contributed to a future securitization trust. Unless otherwise indicated, the Cut-off Date Balance per Unit, Maturity Date Balance per Unit, UW NCF DSCR, UW NOI Debt Yield, UW NOI Debt Yield at Maturity, Cut-off Date LTV Ratio and Maturity Date LTV Ratio calculations are based on the combined loan balance of all eight Westfield Palm Desert promissory notes. See “Description of the Mortgage Pool—The A/B Whole Loans and the Loan Pairs—The Westfield Palm Desert Mall Loan Pair” and “Servicing of the Mortgage Loans” in this Free Writing Prospectus.
   
(4)
With respect to Mortgage Loan No. 1, Westfield Palm Desert Mall, as the First Payment Date will be in April 2015, the related mortgage loan seller will remit to the depositor on the securitization closing date a payment in an amount equal to 28 days of interest at the related net mortgage rate on the principal balance of each of the related mortgage loans as of the cut-off date. The deposit will be delivered to the certificate administrator on the closing date for deposit into the distribution account and will be included in funds available for distribution to certificateholders on the distribution date in March 2015.
   
(5)
With respect to Mortgage Loan No. 2, 555 11th Street NW is part of a loan pair evidenced by (i) two pari passu senior promissory notes: (a) Note A-1A, representing the 555 11th Street NW Mortgage Loan, which has an original principal balance of $60,000,000, and (b) Note A-1B, referred to as the “555 11th Street NW Serviced Companion Loan,” which has an original principal balance of $30,000,000 and is currently held by Morgan Stanley Mortgage Capital Holdings LLC, (ii) one subordinate note (Note A-2, referred to as the “555 11th Street NW Trust B Note”), which has an original principal balance of $30,000,000 and is also being contributed to the MSBAM 2015-C21 securitization trust but will not be included in the pool of mortgage loans backing the certificates (other than the Class 555 Certificates), and (iii) two subordinate notes (Note A-3 and Note B, referred to collectively as the “555 11th Street NW Non-Trust B Note”), which have an aggregate original principal balance of $57,000,000, will not be included in the MSBAM 2015-C21 securitization trust and are expected to be held by Principal Life Insurance Company on the closing date of this transaction. Unless otherwise indicated, the Cut-off Date Balance per Unit, Maturity Date Balance per Unit, UW NCF DSCR, UW NOI Debt Yield, UW NOI Debt Yield at Maturity, Cut-off Date LTV Ratio and Maturity Date LTV Ratio calculations are based on the aggregate note balance of the 555 11th Street NW Mortgage Loan and the 555 11th Street NW Serviced Companion Loan but exclude the aggregate note balance of the 555 11th Street NW Trust B Note and the 555 11th Street NW Non-Trust B Note. See “Description of the Mortgage Pool—The A/B Whole Loans and the Loan Pairs—The 555 11th Street NW Loan Pair” and “Servicing of the Mortgage Loans” in this Free Writing Prospectus.
   
(6)
With respect to Mortgage Loan Nos. 2, 4, 41 and 42, 555 11th Street NW, Ashford Hotel Portfolio, Hermosa Courtyard and Dallas Industrial Portfolio, the related mortgage loan documents permit future mezzanine financing generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Material Terms and Characteristics of the Mortgage Loans—Subordinate and Other Financing” in this Free Writing Prospectus.
   
(7)
With respect to Mortgage Loan No. 3, Discovery Business Center is part of a non-serviced loan combination evidenced by two pari passu promissory notes (Note A-1 and Note A-2). Note A-2, which evidences the Discovery Business Center Mortgage Loan, is being contributed to the MSBAM 2015-C21 securitization trust and has an original principal balance of $60,000,000. Note A-1 has an original principal balance of $110,000,000 and was contributed to the MSBAM 2015-C20 securitization trust. Unless otherwise indicated, the Cut-off Date Balance per Unit, Maturity Date Balance per Unit, UW NCF DSCR, UW NOI Debt Yield, UW NOI Debt Yield at Maturity, Cut-off Date LTV Ratio and Maturity Date LTV Ratio calculations are based on the combined loan balance of Note A-1 and Note A-2. See “Description of the Mortgage Pool—The Non-Serviced Loan Combinations—The Discovery Business Center Loan Pair” and “Servicing of the Mortgage Loans” in this Free Writing Prospectus.
   
(8)
With respect to Mortgage Loan Nos. 4, 8, 13, 15, 28, 31, 35, 42 and 44, Ashford Hotel Portfolio, Galaxy U-Haul Moving & Storage Portfolio, WM Retail Portfolio, New England Storage Portfolio, Dollar General & KinderCare Portfolio, Maryland MHC Portfolio, Woodward - Big Beaver Office Portfolio, Dallas Industrial Portfolio and Tampa Multifamily Portfolio, each such mortgage loan is secured by multiple properties. For the purpose of the statistical information set forth in this Free Writing Prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/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 UW NCF, among other methods.
 
 
I-27

 
 
MSBAM 2015-C21
 
FOOTNOTES TO APPENDIX I
   
(9)
With respect to Mortgage Loan Nos. 4, 13, 15, 24, 28 and 44, Ashford Hotel Portfolio, WM Retail Portfolio, New England Storage Portfolio, La Plata Shopping Center, Dollar General & KinderCare Portfolio and Tampa Multifamily Portfolio, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, in connection with partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Material Terms and Characteristics of the Mortgage Loans—Defeasance Loans” and “—Partial Releases Other Than in Connection with Defeasance” in this Free Writing Prospectus.
   
(10)
With respect to Mortgage Loan No. 5, Fontainebleau Park Plaza, the appraised value represents the “as-stabilized” value of $65,800,000 as of January 29, 2015, which is dependent on the reaching a stabilized occupancy of 98.7%. The mortgaged property is currently 100.0% leased. Eight tenants, representing approximately 15,144 SF, or 7% of the mortgaged property, are each currently building out its leased space and are therefore not yet in occupancy. The “as-is” value as of July 29, 2014 is $64,700,000. See “Risk Factors—Limitations of Appraisals” in this Free Writing Prospectus.
   
(11)
With respect to Mortgage Loan No. 6, Cumberland Cove Apartments, the mortgage loan amortizes according to a schedule attached to this Free Writing Prospectus. The monthly payment varies due to the allocation of principal and interest between the mortgage loan and the mezzanine loan. The monthly payment shown is based on the average over the first 12 months after the interest-only period of the mortgage loan.
   
(12)
With respect to Mortgage Loan No. 10, International Park, Occupancy Rate includes BE&K, Inc. and Verafin, Inc., tenants that currently occupy 13,843 SF and 4,364 SF at the related mortgaged property, respectively. BE&K, Inc. and Verafin, Inc. have each notified the borrower that they intend to vacate their leased spaces at the conclusion of their lease terms on November 30, 2015 and March 31, 2015, respectively. Excluding the BE&K, Inc. and Verafin, Inc. leased spaces, the International Park Property is 84.7% occupied. Additionally, Tyco Integrated Security, LLC has executed a lease amendment to expand into an additional 7,527 SF space, which has been underwritten as vacant.
   
(13)
With respect to Mortgage Loan Nos. 20 and 27, Chandler Corporate Center II and Plaza Quebec, Starwood Mortgage Funding IV LLC, an affiliate of the related sponsor and lender, is the holder of preferred equity interests in the related borrowers, the parent entities of such borrowers and several other borrowers in the sponsor’s portfolio, in the aggregate amount of approximately $13,000,000 (approximately $3,570,000 of which relates to the borrowers under such mortgage loans) (the “Preferred Equity Holder”). The Preferred Equity Holder is entitled to a 9.0% return, subject to increase to 14% following certain events of default, which include, among other things, the failure to redeem the Preferred Equity Holder’s interests within 12 months following the Preferred Equity Holder’s initial capital contribution, or, in the event an extension option is exercised, 18 months following the Preferred Equity Holder’s initial capital contribution. The preferred equity return is paid monthly solely out of excess cash after payment of all debt service, funding of reserves and payment of operating expenses. In the event cash flow is insufficient to support payment of the preferred equity return, the operating manager of each related borrower is required to make additional capital contributions necessary for such borrower to distribute any portion of the preferred equity return then due. The preferred equity interests are cross-investments, whereby payments are required to be made with respect to each preferred equity interest in the sponsor’s portfolio simultaneously. See “Description of the Mortgage Pool—Subordinate and Other Financing” in this Free Writing Prospectus.
   
(14)
With respect to Mortgage Loan No. 39, 1508-1512 East Broward Boulevard, the sole tenant, EDSA, Inc., subleases approximately 7,571 SF to four tenants on a short term (1-4 years) basis. The four tenants include Collateral Management Appraisal, LLC (2,317 SF), Elite SEM, Inc. (2,145 SF), Floridian Partners, LLC (1,264 SF) and JLS Design, LLC (1,845 SF). The Largest Tenant NSF shown for 1508-1512 East Broward Boulevard includes its occupied and subleased square footage.
   
A.
“Yield Maintenance” means a prepayment premium in an amount equal to the greater of (i) 1% of the portion of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments through the end of the Lockout Period of the Loan each equal to the amount of interest which would be due on the portion of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Note 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 Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the date on which  the Lockout Period ends, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the date on which (i) Lender applies any prepayment to the reduction of the outstanding principal amount of this Note, (ii) Lender accelerates the Loan, in the case of a prepayment resulting from acceleration, or (iii) Lender applies funds held under any Reserve Account, in the case of a prepayment resulting from such an application (other than in connection with acceleration of the Loan).
   
B.
“Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to: (i) 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
 
 
I-28

 
 
MSBAM 2015-C21
 
FOOTNOTES TO APPENDIX I
   
  such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date, from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date; multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean: (A) 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 Business Day preceding the prepayment date; divided by (B) twelve (12). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.
   
C.
“Yield Maintenance Amount” shall mean the present value of a series of payments each equal to the Payment Differential and payable on each Payment Date over the remaining original term of the Loan and, with respect to the principal balance of the Note due to be outstanding on such date, on the Maturity Date, discounted at the Reinvestment Yield for the number of months remaining as of the date of such prepayment to each such Payment Date and the Maturity Date, respectively.
 
“Payment Differential” shall mean an amount equal to (i) the Interest Rate less the Reinvestment Yield, divided by (ii) twelve (12), and multiplied by (iii) the principal sum outstanding under the Note after application of the Monthly Payment Amount due on the Prepayment Date (or, if notwithstanding the provisions of Section 2.4 hereof the Prepayment Date is not a Payment Date, on the Payment Date immediately prior to the Prepayment Date), provided that the Payment Differential shall in no event be less than zero.
 
“Reinvestment Yield” shall mean an amount equal to the lesser of (i) the yield on the U.S. Treasury issue (primary issue) with a maturity date closest to the Maturity Date, or (ii) the yield on the U.S. Treasury issue (primary issue) with a term equal to the remaining average life of the indebtedness evidenced by the Note, as determined by Lender, with each such yield being based on the bid price for such issue as published in the Wall Street Journal on the date that is fourteen (14) days prior to the Partial Release Date or the Prepayment Date, as applicable (or, if such bid price is not published on that date, the next preceding date on which such bid price is so published) and converted to a monthly compounded nominal yield.
   
D.
“Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semi-annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
   
E.
“Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semiannually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
F.
“Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) 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 last day of the Lockout Period 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
 
 
I-29

 
 
MSBAM 2015-C21
 
FOOTNOTES TO APPENDIX I
   
  Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the last day of the Lockout Period, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, 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 shall be conclusive and binding absent manifest error. 
   
G.
“Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the amount 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 Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
H.
“Yield Maintenance Premium” shall mean an amount equal to the greater of: (i) one percent (1%) of the principal amount of the Loan being prepaid or (ii) the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
I.
“Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
 
 
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